Sie sind auf Seite 1von 684

Mogens Blanke · Michel Kinnaert · Jan Lunze · Marcel Staroswiecki

Diagnosis and Fault-Tolerant Control


Mogens Blanke · Michel Kinnaert
Jan Lunze · Marcel Staroswiecki

Diagnosis and
Fault-Tolerant Control
With contributions by Jochen Schröder

2nd Edition

With 270 Figures, 121 Examples, 5 Application Studies, and 36 Exercises


Prof. Dr. Mogens Blanke Prof. Dr. Michel Kinnaert
Technical University of Denmark Université Libre de Bruxelles
Section of Automation at Ørsted · DTU Laboratoire d‘Automatique
2800 Lyngby, Denmark CP 165
and 50 Ave. F.D. Roosevelt
Norwegian University 1050 Bruxelles, Belgium
of Science and Technology Kinnaert@labauto.ulb.ac.be
7491 Trondheim, Norway
mb@oersted.dtu.dk

Prof. Dr.-Ing. Jan Lunze Prof. Dr. Marcel Staroswiecki


Ruhr-Universität Bochum Université Lille I
Lehrstuhl für Automatisierungstechnik Ecole Polytechnique Universitaire de Lille
und Prozessinformatik 59655 Villeneuve d‘Ascq Cedex, France
44780 Bochum, Germany and
Lunze@atp.rub.de Ecole Normale Supérieure de Cachan
94235 Cachan, France
marcel.staroswiecki@univ-lille1.fr

Library of Congress Control Number: 2006927814

ISBN-10 3-540-35652-5 Springer Berlin Heidelberg New York


ISBN-13 978-3-540-35652-3 Springer Berlin Heidelberg New York

This work is subject to copyright. All rights are reserved, whether the whole or part of the material
is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broad-
casting, reproduction on microfilm or in other ways, and storage in data banks. Duplication of this
publication or parts thereof is permitted only under the provisions of the German Copyright Law of
September 9, 1965, in its current version, and permission for use must always be obtained from Sprin-
ger. Violations are liable to prosecution under German Copyright Law.

Springer is a part of Springer Science+Business Media


springer.com

© Springer-Verlag Berlin Heidelberg 2006


Printed in Germany

The use of general descriptive names, registered names, trademarks, etc. in this publication does not
imply, even in the absence of a specific statement, that such names are exempt from the relevant pro-
tective laws and regulations and therefore free for general use.

Typesetting: Digital data supplied by data


Final processing: PTP-Berlin Protago-TEX-Production GmbH, Berlin (www.ptp-berlin.com)
Cover-Design: estudio Calamar, Frido Steinen-Broo, Spain
Printed on acid-free paper 62/3141/Yu – 5 4 3 2 1 0
" 

($5<>:>47$: M[MR(;M L( XU:<(L:( R> /U:RMD $RUR>L /U:RM L('U$( R5( @(L/>L6
;<$( >/ $><RL>: M[MR(;M <' ;[ (X(< $UM(  $>;@:(R( L(96'>Y< >/ R5( M[M6
R(;D LL><(>UM M(<M>L L('7<4M L( R5( L(M>< />L >@(LR7<4 @>7<RM R5R L( /L /L>;
R5( >@R7;: ><(MD (L L('U$(M R5( (/0$7(<$[ <' EU:7R[ >/  @L>'U$R7>< :7<(D <
;<[ /U:R M7RUR7><M& R5( M[MR(; >@(LR7>< 5M R> ( MR>@@(' R> X>7' ';4( R>
;$57<(L[ <' 5U;<MD
M  $><M(EU(<$(& R5( '(R($R7>< <' R5( 5<':7<4 >/ /U:RM @:[ < 7<$L(M7<4
L>:( 7< ;>'(L< R($5<>:>4[& Y5(L( ;<[ 5745:[ UR>;R(' $>;@><(<RM 7<R(L$R 7<
 $>;@:(Z Y[ MU$5 R5R  /U:R 7<  M7<4:( $>;@><(<R ;[ $UM( R5( ;:/U<$R7><
>/ R5( Y5>:( M[MR(;D U( R> R5( M7;U:R<(>UM:[ 7<$L(M7<4 ($><>;7$ '(;<'M <'
R5( <U;(L>UM ($>:>47$: <' M/(R[ L(EU7L(;(<RM R> ( ;(R& 5745 '(@(<'7:7R[ >/
R($5<>:>47$: M[MR(;M 5M ($>;(  '>;7<<R 4>: 7< 7<'UMRL[D
57M >>9 7<RL>'U$(M R5( ;7< 7'(M >/ /U:R '74<>M7M <' /U:R6R>:(L<R $><RL>:D
R 47X(M  R5>L>U45 MULX([ >/ R5( <(Y ;(R5>'M R5R 5X( ((< '(X(:>@(' 7< R5(
L($(<R [(LM <' '(;><MRLR(M R5(; [ @@:7$R7>< (Z;@:(MD > R5( 9<>Y:('4( >/
R5( UR5>LM& :: ;8>L M@($RM >/ /U:R6R>:(L<R $><RL>: L( RL(R(' />L R5( 0LMR R7;( 7<
 M7<4:( >>9 /L>;  $>;;>< X7(Y@>7<RD

136 5(L(M /U:R '74<>M7M 5M ((< R5( MU8($R >/ 7<R(<M7X( L(M(L$5 M7<$(
R5( ?=O]M <' R5(L( L( M(X(L: 4>>' >>9M >UR R57M MU8($R& M[MR(;R7$ ;(R56
>'M />L /U:R 5<':7<4 7M  <(Y L( >/ UR>;R7$ $><RL>:D 5( >>9 $><M7'(LM >R5
MR(@M >/ /U:R6R>:(L<R $><RL>: R>4(R5(L <' M5>YM 5>Y R5( 7</>L;R7>< 47<(' [
;>'(:6M(' '74<>M7M $< ( UM(' R> 0<' L(;('7: $R7><M R5R '@R R5( $><RL>:
:4>L7R5;M R> R5( /U:R[ $><'7R7><M 7< >L'(L R> 9((@ R5( M[MR(; 7< >@(LR7><D M76
$::[& MU$5 $R7><M $< ( $:MM70(' M ,* !!*! & Y57$5 '(:M Y7R5 R5(
UR><>;>UM '@RR7>< >/ R5( $><RL>::(L @L;(R(LM R> R5( /U:R[ @:<R (5X7>UL&
<' ! *'! '! ,'*! & Y57$5 7<$:U'(M R5( M(:($R7>< >/  <(Y $><RL>: $><04U6
LR7>< <' R5( ><6:7<( L(6'(M74< >/ R5( $><RL>::(LD
5( M>:UR7>< >/ R5(M( @L>:(;M <($(MM7RR(M <(Y <:[M7M RM9M :79( R5( R(MR >/ R5(
L($><04UL7:7R[ >/ R5( M[MR(; >L R5( M(L$5 />L L('U<'<R M(<M>LM <' $RUR>LM&
 W.5).

Y57$5$<L(@:$(/U:R[$>;@><(<RMD5(7;7MR>$:>M(R5($><RL>::>>@/R(L
L(96'>Y<>/MU$5$>;@><(<RM5ML>U45RR5($><RL>::(L>UR>/>@(LR7><D7R5
L(M@($RR>/U:R$$>;;>'R7><<'$><RL>:L($><04ULR7><&R5(>>9@L(M(<RMR5(
$ULL(<RMRR(>/R5(LRD
5(/U:R'74<>MR7$@LRM>/R5(>>9'(M$L7(R5>M(;(R5>'M<'7'(MY57$5$<
(UM('R>7'(<R7/[R5(/U:RY7R5MU/0$7(<R'(R7:/>L/U:R$$>;>'R7><>LL($><6
04ULR7><D5('(R($R7><>//U:R:><(7M<>RMU/0$7(<R/>L/U:R6R>:(L<R$><RL>:&
URR5(/U:R:>$R7><<'&@>MM7:[&R5(/U:R;4<7RU'(5X(R>(9<>Y<R>$R7XR(
@@L>@L7R(L(;('7:$R7><MD
5('(M74<<'7;@:(;(<RR7><>//U:R6R>:(L<R$><RL>:<($(MM7RR(MXL7(R[>/
R($5<7EU(MD5(M(L$5/>LL('U<'<$7(M$><$(L<7<4R5(7</>L;R7><<'R5(@>MM76
:($><RL>:$R7X7R7(M7<M[MR(;&R5(M(:($R7><>/L(M><:($><RL>:$><04ULR7><&
<'R5($>;7<R7><>/'74<>MR7$;(R5>'MY7R5$><RL>::(L'(M74<;(R5>'ML(M>;(
>/R5(@L>:(;MR>(R$9:('D57MM(R>/'7//(L(<RRM9M$<<>R('(:RY7R5[
M7<4:(<:[R7$:;>'(:>/R5(M[MR(;U<'(L$><M7'(LR7><&UR'7//(L(<RX7(Y@>7<RM
5X(R>($>;7<('D>LR57ML(M><&R5(>>97<RL>'U$(MM(X(L:;>'(:M>/'[<;6
7$:M[MR(;M<''(M$L7(M5>YR5(M(;>'(:M$<(UM('7</U:R6R>:(L<R$><RL>:D
$>;@><(<R6>L7(<R(''(M$L7@R7><>/R5(M[MR(;L$57R($RUL(7MUM('R>0<'R5($UM(6
(//($R$57<M/L>;R5(@L7;L[/U:RMR>R5(;(MUL('/U:RM[;@R>;MDMRLU$RUL:
<:[M7M7M7<RL>'U$('R>(:>LR(R5(<:[R7$:L('U<'<$7(MR5R$<(UM('/>L
/U:R '74<>M7M <' /U:R6R>:(L<R $><RL>: $R7><MD >L R5( Y(:: 9<>Y< $><R7<U>UM
M[MR(;L(@L(M(<RR7><M:79(R5(MRR(6M@$(;>'(:<'R5(RL<M/(L/U<$R7><&'74<>M6
R7$;(R5>'M<'R5(7L(ZR(<M7><MR>/U:R6R>:(L<R$><RL>::4>L7R5;ML((Z@:7<('D
7R5R5(@L(M(<RR7><>/'74<>MR7$<'L($><04ULR7><;(R5>'M/>L'7M$L(R(6(X(<R
M[MR(;M<'EU<R7M('M[MR(;M&R5(>>9@L>X7'(M/ULR5(L<>X(:;R(L7:R5R5M
<>R[(R((<'(M$L7('7<;><>4L@5M>LR(ZR>>9MD

=8@=@81"=(11,6 5(>>97M>L4<7M('$$>L'7<4R>R5('7//(L(<R;>'(:M
UM('DM($5>/R5(M(;>'(:ML(EU7L(M7RM>Y<;R5(;R7$:$94L>U<'<'R5(
;(R5>'MM('><R5(M(;>'(:M/>::>Y'7//(L(<R:7<(M>/R57<97<4&R5(>>9$<<>R
@L(M(<RR5(;(R5>'M7<::'(R7:MD5(7;7MR>47X(R5(L('(LML>'X7(Y><R5(
0(:'<'@L>X7'(R5(;Y7R57:7>4L@57$:<>R(M/>L/ULR5(LL('7<4D/ULR5(LL(6
M></>LR5('7//(L(<R'(@R5Y7R5Y57$5R5($5@R(LMR$9:(R5(/U:R6R>:(L<R$><RL>:
@L>:(;M7M47X(<[R5($ULL(<RMRRUM>/L(M(L$5D5(L(M/>L$><R7<U>UM6XL7:(
M[MR(;M&/U:R'74<>MR7$<'/U:R6R>:(L<R$><RL>:;(R5>'M5X(((<'(X(:>@('/>L
:><4&'7M$L(R(6(X(<RM[MR(;M($;(R5(MU8($R>/MUMR<R7:L(M(L$5Y7R5L(M@($R
R>R5(R>@7$>/R57M>>9><:[L($(<R:[D(<$(&R57M0(:'5M<>R[(RL($5('R5(M;(
;RUL7R[M/>L$><R7<U>UMM[MR(;MD
5($5@R(LMMRLRY7R5X(L:(Z@:<R7><>/R5(;7<7'(M<'7::UMRLR(::
L(MU:RM [ =B1 8@//*/' C.3-9 R5R $><$(L<  M7;@:( R<9 M[MR(; <'  M57@
UR>@7:>RD5($>;;><UM(>/R5(M((Z;@:(M7<::$5@R(LM;9(M$>;@L7M><>/
R5(:R(L<R7X(@@L>$5(MX(L[(M[D R7MR5(9<>Y:('4(>/R5(7;M&;>'(:M&7'(M
<';(R5>'MUM('/>L'7//(L(<R@L>:(;M>//U:R'74<>M7M<'/U:R6R>:(L<R$><RL>:
R5R(<:(M$><RL>:(<47<((LR>R$9:(@L$R7$:@L>:(;MU<'(LR5($7L$U;MR<$(M
W.5).

47X(< [ R5( @LR7$U:L 0(:' >/ @@:7$R7><D > 7<RL>'U$( 57; R> R57M 9<>Y:('4( 7M
R5( @L7;L[ 7; >/ R57M >>9D

A- 1" =( 11,6 5( 7<R(<'(' L('(LM >/ R5( >>9 L( 4L'UR( MRU'(<RM >/ $><6
RL>:& (:($RL7$:& ;($5<7$: >L @L>$(MM (<47<((L7<4 Y7R5 9<>Y:('4( 7< $><RL>:& $><6
R7<U>UM M[MR(; R5(>L[ <' 0:R(L7<4D 5( UR5>LM UM( R5( R(ZR 7< L(4U:L $>ULM(M R
R5( <7X(LM7R) 7::( ?& R R5( <7X(LM7R* 7L( '( LUZ(::(M& <' R R5( U<7X(LM7R7(M >/
>$5U;& [<4[ <' L><'5(7;D
< R5( 7<RL>'U$R>L[ @LRM >/ :: $5@R(LM R5( @L>:(;M R> ( M>:X(' L( @>M(' 7< 
/L;(Y>L9 R5R 7M /;7:7L R> @L$R7M7<4 (<47<((LMD 5([ '(M$L7( R5( <(Y 7'(M <'
$><$(@RM >/ /U:R '74<>M7M <' /U:R6R>:(L<R $><RL>: 7< < 7<RU7R7X( Y[& (/>L( R5(M(
7'(M L( L>U45R 7<R>  MRL7$R ;R5(;R7$: />L;& Y57$5 L(EU7L(M  0L; M[MR(;M
R5(>L(R7$ $94L>U<'D <R(L(MR7<4 @L$R7$: (Z;@:(M 7::UMRLR( R5( @@:7$7:7R[ >/
R5( ;(R5>'MD 7:7>4L@57$: <>R(M R R5( (<' >/ ($5 $5@R(L @>7<R R> R5( >L747<M
>/ R5( @L(M(<R(' 7'(M <' R5( $ULL(<R L(M(L$5 :7<(MD 5( (X:UR7>< >/ R5( ;(R5>'M
<' R5( @@:7$R7>< L(MU:RM M5>U:' 5(:@ R5( L('(LM R> MM(MM R5( X7::( ;(R5>'M
<' R5( :7;7RM >/ R5( @L(M(<R 9<>Y:('4( >UR /U:R6R>:(L<R $><RL>: Y7R5 L(M@($R R>
R5(7L @LR7$U:L 0(:' >/ @@:7$R7><D
5( >>9 7M M(:/6$><R7<(' Y7R5  L(X7(Y >< M>;( M7$M 7< R5( @@(<'7$(MD RM
U<'(LMR<'7<4 L(EU7L(M 9<>Y:('4( >UR '[<;7$: M[MR(;M <' $><RL>::(L '(M74<D
<[ 04UL(M 7::UMRLR( R5( @L>:(;M& ;(R5>'M <' L(MU:RM 7< < 7<RU7R7X( Y[ <'
;9( R5( 7<R(L@L(RR7>< >/ R5( L74>L>UM ;R5(;R7$: RL(R;(<R (M7(LD

1..1/ 898(6 5( 7'( >/ R5( UR5>LM R> L7<4 R>4(R5(L R5(7L '7//(L(<R X7(YM
<' @L7<$7@:(M />L /U:R '74<>M7M <' /U:R6R>:(L<R $><RL>: >L747<R(' 7< R5( @L>8($R
H><RL>: >/ >;@:(Z [MR(;M ABI& Y57$5 YM /U<'(' [ R5( UL>@(< $76
(<$( >U<'R7>< (RY((< ?==1 <' ?===D >;( >/ R5( ;R(L7: 5M ((< $>::($R('
/>L  5 $>ULM( R :>L4 <7X(LM7R[ A(<;L9B 5(:' 7< @L7: ?===D < R5( :R(L
   L7<7<4 <' (M(L$5 (RY>L9 /U<'(' [ R5( UL>@(< <7>< (6
Y((< T]]? <' T]]3 M(X(L: $5@R(LM >/ R5( >>9 5X( ((< @L(M(<R(' R R5( MU;;(L
M$5>>:M <' Y>L9M5>@MD 5( 7<R(L(MR >/ @(>@:( /L>; 7<'UMRL[ 7< R57M <(Y MU8($R 5M
((< RRL$R(' 7< $>ULM(M >L4<7M(' [ R5( L:6L<\6(M(::M$5/R (L@///(<5>6
/(< A(L;<[B& Y5(L( @L(:7;7<L[ X(LM7><M >/ R57M >>9 5X( ((< UM('D
5( :L4( M$>@( >/ R5( >>9 YM ;'( @>MM7:( [ R5( $:>M( $>>@(LR7>< <'
[ $>;;>< L(M(L$5 >/ R5( />UL UR5>LM R>4(R5(L Y7R5 R5(7L 5 MRU'(<RM <' $>:6
:(4U(MD 5( 7<RL>'U$R>L[ @LR A5@R(LM ? R5L>U45 SB <' R5( @@:7$R7>< (Z;@:(M
A5@R(L ?]B '(M$L7( 7'(M <' L(MU:RM >/ R5(M( />UL 4L>U@MD 5( @L(M(<RR7>< >/ R5(
;(R5>'M />L '(:7<4 Y7R5 R5( M[MR(; L$57R($RUL( A5@R(L 3B 7M $>;;>< Y>L9 >/
R5( 4L>U@M >/     7< :>L4 <' [<4[ A(<;L9B <' 
 

7< 7::( AL<$(BD 5( @LR >< MRLU$RUL: <:[M7M A5@R(L 1B 7<RL>6
'U$(M R5( ;(R5>'M '(X(:>@(' 7< 7::(D 74<>MR7$ ;(R5>'M />L $><R7<U>UM M[MR(;M
5X( ((< (:>LR(' [ ;<[ 4L>U@MD 5( @L(M(<RR7>< >/ R5>M( 7'(M R5R $< (
UM(' 7< /U:R6R>:(L<R $><RL>: A5@R(L PB L(MU:R(' /L>; $>;;>< Y>L9 <' R($57<4
 W.5).

(Z@(L7(<$(M >/    &


 
 ALUMM(:M& (:47U;B U<'
  

D 5@R(L O >< /U:R $$>;;>'R7>< <' $><RL>: L($><6
04ULR7>< '(M$L7(M 7'(M >/ R5( 4L>U@M 7< [<4[& >$5U;& LUMM(:M <' 7::(D 5(
;(R5>'M />L '(:7<4 Y7R5 '7M$L(R(6(X(<R M[MR(;M <' EU<R7M(' M[MR(;M A5@R(LM +
<' =B 5X( ((< (:>LR(' [ R5( 4L>U@ >/
  7< ;UL4 <' >$5U;
A(L;<[B& Y5(L( @LR7$U:L:[
     5M ;'( MUMR<R7: $><RL7U6
R7><M <>R ><:[ R> R5( L(M(L$5 Y>L9 UR :M> R> R5( @L(M(<RR7>< >/ R5( L(MU:RM 7< R57M
>>9D

,/1B-'./=96 5( UR5>LM (Z@L(MM R5(7L 4LR7RU'( R> R5( UL>@(< $7(<$(
>U<'R7>< <' R5( UL>@(< <7>< />L 0<<$7: MU@@>LR >/ R5( $>::>LR7>< >/ R5(
/>UL 4L>U@M 7< R5(  <' R5(    @L>8($RM <' R> R5( <R7><: M$7(<$(
/U<'7<4 >L4<7MR7><M ARR(<M (9<7M967'(<M9(:74( >L9<7<4ML'& (<;L9N
)47>< ::><<(& (:47U;N (URM$5( >LM$5U<4M4(;(7<M$5/R& (L;<[N (<RL(
R7><: '( : ($5(L$5( $7(<R70EU( <' 7<7MR*L( '( : ($5(L$5(& L<$(B />L
MU@@>LR7<4 <U;(L>UM @L>8($RM 7< R5( 0(:' >/ /U:R '74<>M7M <' /U:R6R>:(L<R $><RL>:
'UL7<4 R5( :MR [(LMD
@($7: R5<9M L( 'U( R> >UL />L;(L <' $ULL(<R 5 MRU'(<RM <' L(M(L$5 M6
M>$7R(M& @LR7$U:L:[ R>  
6  
&
    <'

 D    A:>L4B&  



  <'   
A [<4[B&
     A;UL4B&      A;UL4Q>$5U;B&

  

&
 
  <'      A>$5U;B& <'   6

  
 <'           A 7::(BD
(X(L: 7<'UMRL7: @@:7$R7><M 5X( ((< $$>;@:7M5(' Y7R5 R5( 7<R(L(MR <' 5(:@
>/& ;><4 >R5(LM&     A</>MMB <' 
  
 AD >M$5 ;&
RURR4LRBD ULR5(L& R5( MU@@>LR /L>; ;(L7$< >Y(L ><X(LM7>< (<;L9 Q R>
'(X(:>@ R>>:M />L MRLU$RUL: <:[M7M <' /L>; U(L6</>MM Q R> '(X(:>@ R5(
/U:R6R>:(L<R MR((L7<46[6Y7L( M[MR(; 7<RL>'U$(' 7< 5@R(L ?] L( 4LR(/U::[ $6
9<>Y:('4('D
( L( 4LR(/U: />L R5( X:U:( 5(:@ >/ MD 
  ARURR4LRB />L 47X7<4
R5( ;<UM$L7@R  U<7/>L; :[>UR <' >/ MD     A>$5U;B />L
'LY7<4 ;<[ >/ R5( 04UL(MD

1/ *=*1/6 57M <(Y ('7R7>< 5M ((< (ZR(<'(' [  :>R >/ <(Y ;R(L7:&
Y57$5 5M @@(L(' 7< R5( R5L((6[(L @(L7>' /R(L R5( 0LMR ('7R7>< YM 0<7M5('D
;><4 R5(; 7M R5( '(M$L7@R7>< >/ <(Y '74<>MR7$ MRLU$RUL(M :79( '($(<RL:7M(' XMD
$>>@(LR7X( '74<>M7M& <' L(;>R( '74<>M7MD 5( U<7/>L; :>>9 R $><R7<U>UM <'
'7M$L(R(6(X(<R M[MR(;M '74<>M7M 5M ((< '((@(<('D (Y L(MU:RM >< R5( '74<>M7M
>/ $><R7<U>UM M[MR(;M <' R5( L($><04ULR7>< >/ R5( $><RL>: :>>@ /R(L M(<M>L >L
$RUR>L /7:UL(M 5X( ((< 7<$:U'('D 5( @@:7$R7>< (Z;@:(M L( (ZR(<'(' [ 
MR((L7<46[6Y7L( M[MR(; <' R5( 7L @R5 >/  '7(M(: (<47<(& >R5 >/ Y57$5 7<$:U'(
(Z@(L7;(<R: L(MU:RMD 5( :7MR >/ L(/(L(<$(M <' R5( 7:7>4L@57$: L(;L9M R R5(
(<' >/ :: $5@R(LM 5X( ((< U@6'R('D
W.5). 

5( @L(M(<RR7>< 5M ((< 7;@L>X(' $$>L'7<4 R> R5( UR5>LMK (Z@(L7(<$( /L>;
UM7<4 R57M >>9 7< R5(7L :($RUL(M <' $>ULM(M 7< 7<'UMRL[D <[ $5@R(LM 0<7M5 Y7R5
(Z(L$7M(M R> ( UM(' 7< :($RUL(M >L />L M(:/6L(@(R7R7>< >/ R5( ;R(L7:D

[<4[& LUMM(:M& >$5U; <' 7::( DD& D D&


D D& DD
[ T]]P

<. $FF@ <FB.K:. ] 


      KWFd>,.X 5`W]<.W >C5FWB]>FC X`)<
X ]<. ,.X)W>K]>FC F5 ]<.  $.C)<BW@ KWF$A.BX F5 5`A]=]FA.WC] )FC]WFA+ .f.W)>X.X+ C,
6A.X e>]< ]<. 6:`W.X F5 ]<>X $FF@ 5FW ]<.>W `X. X XA>,.X >C A.)]`W.XO
%%#

26 /=81@=*1/ =1 *'/19*9 / "@-=)=1-8/= 1/=81- E E E E E E E E E E E E E E E ?


?D? ($5<>:>47$: @L>$(MM(M MU8($R R> /U:RM D D D D D D D D D D D D D D D D D D D D D D D ?
?DT U:RM <' /U:R R>:(L<$( D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D S
?DTD? U:RM D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D S
?DTDT (EU7L(;(<RM <' @L>@(LR7(M >/ M[MR(;M MU8($R R> /U:RM D D D +
?DS :(;(<RM >/ /U:R6R>:(L<R $><RL>: D D D D D D D D D D D D D D D D D D D D D D D D D D D D D ?]
?DSD? RLU$RUL( >/ /U:R6R>:(L<R $><RL>: M[MR(;M D D D D D D D D D D D D D D D D ?]
?DSDT 7< 7'(M >/ /U:R '74<>M7M D D D D D D D D D D D D D D D D D D D D D D D D D D ?S
?DSDS 7< 7'(M >/ $><RL>::(L L(6'(M74< D D D D D D D D D D D D D D D D D D D D D D ?+
?DSD3  @L$R7$: X7(Y >< /U:R6R>:(L<R $><RL>: D D D D D D D D D D D D D D D D TT
?D3 L$57R($RUL( >/ /U:R6R>:(L<R $><RL>: D D D D D D D D D D D D D D D D D D D D D D D D D D D TS
?D3D? L$57R($RUL: >@R7><M D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D TS
?D3DT 7MRL7UR(' '74<>M7M D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D T3
?D3DS (;>R( '74<>M7M D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D TP
?D1 ULX([ >/ R5( >>9 D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D T+
?DP 7:7>4L@57$: <>R(M D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D ST

?6 C.3-9 E E E E E E E E E E E E E E E E E E E E E E E E E E E E E E E E E E E E E E E E E E E E E E E E E E SS
TD? Y>6R<9 M[MR(; D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D SS
TDT 57@ MR((L7<4 <' RL$9 $><RL>: D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D SO
TDS Z(L$7M(M D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D 3?

>6 1-9 1" D/.*- 9D9=.9 E E E E E E E E E E E E E E E E E E E E E E E E E E E E E E E E E E 3S


SD? U<';(<R: <>R7><M D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D 3S
SDT >'(::7<4 R5( M[MR(; L$57R($RUL( D D D D D D D D D D D D D D D D D D D D D D D D D D D D D 3O
SDS [MR(; (5X7>UL , M7$ ;>'(::7<4 /(RUL(M D D D D D D D D D D D D D D D D D D D 1]
SD3 ><R7<U>UM6XL7:( M[MR(;M D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D 1T
SD1 [MR(; MRLU$RUL( D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D 11
SDP 7M$L(R(6(X(<R M[MR(;M D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D 1O
SDO [L7' M[MR(;M D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D P]
 FC].C]X

SD+ 7<9M (RY((< R5( '7//(L(<R ;>'(:M D D D D D D D D D D D D D D D D D D D D D D D D D D D D PT


SD= Z(L$7M(M D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D P3
SD?] 7:7>4L@57$: <>R(M D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D PO

&6 /-D9*9 9 1/ 1.31//=9 / 8(*==@8 E E E E E E E E E E E E E E E E E E P=


3D? <RL>'U$R7>< D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D P=
3DT (<(L7$ $>;@><(<R ;>'(:M D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D O?
3DTD? (LX7$(M D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D O?
3DTDT <RL>'U$R7>< >/ R5( 4(<(L7$ $>;@><(<R ;>'(: D D D D D D D D D D D D D OS
3DTDS 7;@:( $>;@><(<RM D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D O3
3DTD3 >;@:(Z $>;@><(<RM D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D OO
3DTD1 U7:'7<4 M[MR(;M /L>; $>;@><(<RM D D D D D D D D D D D D D D D D D D D D D +]
3DS U:RM 7< $>;@><(<RM <' R5(7L $><M(EU(<$(M D D D D D D D D D D D D D D D D D D D +S
3D3 U:R @L>@4R7>< <:[M7M D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D +1
3D1 L@5 L(@L(M(<RR7>< >/ $>;@><(<R L$57R($RUL( D D D D D D D D D D D D D D D D D =3
3DP U:R @L>@4R7>< 7< $:>M(' :>>@M D D D D D D D D D D D D D D D D D D D D D D D D D D D D D =O
3DPD? URR7<4 R5( $:>M(' /U:R @L>@4R7>< :>>@ D D D D D D D D D D D D D D D D =O
3DPDT MM(MM;(<R >/ R5( M(X(L7R[ >/ R5( /U:R (//($RM D D D D D D D D D D D D D ==
3DPDS ($7M7>< >UR /U:R 5<':7<4 D D D D D D D D D D D D D D D D D D D D D D D D D D ==
3DO U:R R>:(L<$( <:[M7M D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D ?]]
3DOD? (:R7>< (RY((< M(LX7$(M <' >8($R7X(M D D D D D D D D D D D D D D D D ?]]
3DODT <4(;(<R >/ M(LX7$( X(LM7><M D D D D D D D D D D D D D D D D D D D D D D D D ?]T
3DODS <4(;(<R >/ >@(LR7>< ;>'(M D D D D D D D D D D D D D D D D D D D D D D D ?]S
3D+ Z(L$7M(M D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D ?]1
3D= 7:7>4L@57$: <>R(M D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D ?]O

$6 =8@=@8- /-D9*9 E E E E E E E E E E E E E E E E E E E E E E E E E E E E E E E E E E E E E E E E E E ?]=


1D? <RL>'U$R7>< D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D ?]=
1DT RLU$RUL: ;>'(: D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D ??]
1DTD? RLU$RUL( M  76@LR7R( 4L@5 D D D D D D D D D D D D D D D D D D D D D D D D D D ??]
1DTDT UM[MR(;M D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D ??P
1DTDS RLU$RUL: @L>@(LR7(M D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D ??+
1DTD3 <>Y< <' U<9<>Y< XL7:(M D D D D D D D D D D D D D D D D D D D D D D D D D ??=
1DS R$57<4 ><  76@LR7R( 4L@5 D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D ?T?
1DSD? (0<7R7><M D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D ?TT
1DSDT L7(<R(' 4L@5 MM>$7R(' Y7R5  ;R$57<4 D D D D D D D D D D D D D D D ?T1
1DSDS :R(L<R(' $57<M <' L($57:7R[ D D D D D D D D D D D D D D D D D D D D D D ?TO
1DSD3 UM: 7<R(L@L(RR7>< D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D ?T+
1DSD1 R$57<4 :4>L7R5;M D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D ?S1
1D3 [MR(; $<><7$: '($>;@>M7R7>< D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D ?3S
1D3D? <><7$: MUM[MR(;M D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D ?3S
1D3DT <R(L@L(RR7>< >/ R5( $<><7$: '($>;@>M7R7>< D D D D D D D D D D D D ?3P
1D1 M(LX7:7R[ D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D ?3=
1D1D? M(LX7:7R[ <' $>;@UR7:7R[ D D D D D D D D D D D D D D D D D D D D D D D D ?3=
1D1DT RLU$RUL: >M(LX7:7R[ $><'7R7><M D D D D D D D D D D D D D D D D D D D D D D ?1]
FC].C]X 

1D1DS M(LX7:7R[ >/ :7<(L M[MR(;M D D D D D D D D D D D D D D D D D D D D D D D D D ?1T


1D1D3 L@56M(' 7<R(L@L(RR7>< <' />L;: $>;@URR7>< D D D D D D D ?11
1DP ><7R>L7:7R[ D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D ?1P
1DPD? <:[R7$: L('U<'<$[6M(' /U:R '(R($R7>< <' 7M>:R7>< D D ?1O
1DPDT RLU$RUL::[ ;><7R>L:( MUM[MR(;M D D D D D D D D D D D D D D D D D D D D ?1=
1DPDS (M74< >/ <:[R7$ L('U<'<$[ L(:R7><M D D D D D D D D D D D D D D D D D ?PT
1DPD3 RLU$RUL: '(R($R7:7R[ <' 7M>:7:7R[ D D D D D D D D D D D D D D D D D D D ?PS
1DPD1 (M74< >/ L>UMR <' MRLU$RUL(' L(M7'U:M D D D D D D D D D D D D D D D D ?PP
1DO ><RL>::7:7R[ D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D ?OT
1D+ RLU$RUL: <:[M7M >/ /U:R R>:(L<$( D D D D D D D D D D D D D D D D D D D D D D D D D D D ?OO
1D+D? U:RM <' R5( M[MR(; MRLU$RUL( D D D D D D D D D D D D D D D D D D D D D D D D D ?O+
1D+DT <>Y:('4( >UR /U:RM D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D ?O=
1D+DS U:R R>:(L<$( Y7R5 L(M@($R R> <><6MRLU$RUL: /U:RM D D D D D D D D ?+]
1D+D3 U:R R>:(L<$( Y7R5 L(M@($R R> MRLU$RUL: /U:RM D D D D D D D D D D D D ?+]
1D= X:UR7>< >/ MRLU$RUL: <:[M7M D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D ?+3
1D?] Z(L$7M(M D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D ?+1
1D?? 7:7>4L@57$: <>R(M D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D ?++

;6 @-= *'/19*9 1" 1/=*/@1@9)A8*- 9D9=.9 E E E E E E E E E E E E E E E E E E E ?+=


PD? <RL>'U$R7>< D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D ?+=
PDT <:[R7$: L('U<'<$[ 7< <><:7<(L '(R(L;7<7MR7$ M[MR(;M D D D D D D D D D ?=T
PDTD? >47$: $94L>U<' D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D ?=T
PDTDT <:[R7$: L('U<'<$[ L(:R7><M Y7R5 <> U<9<>Y< 7<@URM D D D ?=S
PDTDS <9<>Y< 7<@URM& (Z$R '($>U@:7<4 D D D D D D D D D D D D D D D D D D D D D ?=P
PDTD3 >Y R> 0<' <:[R7$: L('U<'<$[ L(:R7><M D D D D D D D D D D D D D D ?=P
PDTD1 6M(' '74<>M7M D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D ?=O
PDS <:[R7$: L('U<'<$[ L(:R7><M />L :7<(L '(R(L;7<7MR7$ M[MR(;M ,
R7;( '>;7< D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D ?==
PD3 <:[R7$: L('U<'<$[ L(:R7><M />L :7<(L '(R(L;7<7MR7$ M[MR(;M ,
/L(EU(<$[ '>;7< D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D T]S
PD3D? U:R '(R($R7>< D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D T]3
PD3DT >:UR7>< [ R5( @L7R[ M@$( @@L>$5 D D D D D D D D D D D D D D D D D D D T]1
PD3DS U:R 7M>:R7>< D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D T?S
PD3D3 U:R (MR7;R7>< D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D T?P
PD1 (R(L;7<7MR7$ ;>'(: , >@R7;7MR7><6M(' @@L>$5 D D D D D D D D D D D D D D TT]
PD1D? L>:(; MRR(;(<R D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D TT]
PD1DT >:UR7>< UM7<4 R5( MR<'L' M(RU@ />L;U:R7>< D D D D D D D D D D D D TTS
PD1DS (M7'U: 4(<(LR7>< D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D TTP
PDP (M7'U: (X:UR7>< D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D TST
PDPD? X:UR7>< 47<MR  R5L(M5>:' D D D D D D D D D D D D D D D D D D D D D D D D D D TSS
PDO R>$5MR7$ ;>'(: , $5<4( '(R($R7>< :4>L7R5;M D D D D D D D D D D D D D D D D D TS+
PDOD? <RL>'U$R7>< D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D TS+
PDODT (EU(<R7: $5<4( '(R($R7><% R5( M$:L $M( D D D D D D D D D D D D D D TS+
PDODS (EU(<R7: $5<4( '(R($R7><% R5( X($R>L $M( D D D D D D D D D D D D D D T1S
PD+ R>$5MR7$ ;>'(: , :;< 0:R(L @@L>$5 D D D D D D D D D D D D D D D D D D D D D TP3
  FC].C]X

PD+D? >'(: D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D TP3


PD+DT U:R '(R($R7>< D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D TP1
PD+DS U:R (MR7;R7>< D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D T+3
PD+D3 U:R 7M>:R7>< D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D T+O
PD= Z(L$7M(M D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D T=]
PD?] 7:7>4L@57$: <>R(M D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D T=O

:6 @-=)=1-8/= 1/=81- 1" 1/=*/@1@9)A8*- 9D9=.9 E E E E E E E E E E E E E T==


OD? 5( /U:R6R>:(L<R $><RL>: @L>:(; D D D D D D D D D D D D D D D D D D D D D D D D D D D D D T==
OD?D? R<'L' $><RL>: @L>:(; D D D D D D D D D D D D D D D D D D D D D D D D D D D D D T==
OD?DT ;@$RM >/ /U:RM >< R5( $><RL>: @L>:(; D D D D D D D D D D D D D D D D D S]?
OD?DS MM7X( X(LMUM $R7X( /U:R6R>:(L<R $><RL>: D D D D D D D D D D D D D D D S]S
OD?D3 X7::( 9<>Y:('4( D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D S]3
OD?D1 $R7X( /U:R6R>:(L<R $><RL>: MRLR(47(M D D D D D D D D D D D D D D D D D D D S]1
OD?DP U@(LX7M7>< D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D S]P
ODT U:R6R>:(L<R $><RL>: L$57R($RUL( D D D D D D D D D D D D D D D D D D D D D D D D D D D D D S]O
ODS U:R6R>:(L<R :7<(L EU'LR7$ '(M74< D D D D D D D D D D D D D D D D D D D D D D D D D D S]=
ODSD? ><RL>: @L>:(; D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D S]=
ODSDT ><RL>: >/ R5( <>;7<: @:<R D D D D D D D D D D D D D D D D D D D D D D D D D D D S?]
ODSDS U:R R>:(L<$( Y7R5 L(M@($R R> $RUR>L /U:RM D D D D D D D D D D D D D S??
ODSD3 U:R $$>;;>'R7>< D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D S?3
ODSD1 ><RL>: L($><04ULR7>< D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D S?O
OD3 U:R6R>:(L<R ;>'(:6;R$57<4 '(M74< D D D D D D D D D D D D D D D D D D D D D D D D D D ST?
OD3D? ($><04ULR7>< @L>:(; D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D ST?
OD3DT M(U'>67<X(LM( ;(R5>' D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D STT
OD3DS >'(:6;R$57<4 $><RL>: />L M(<M>L /7:UL(M D D D D D D D D D D D D D D D ST3
OD3D3 >'(:6;R$57<4 $><RL>: />L $RUR>L /7:UL(M D D D D D D D D D D D D D ST1
OD3D1 L9>X @L;(R(L @@L>$5 R> $><RL>: L($><04ULR7>< />L
$RUR>L /7:UL(M D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D ST+
OD1 ><RL>: L($><04ULR7>< />L $RUR>L >L M(<M>L /7:UL(M D D D D D D D D D D D D SST
OD1D? 5( 7'( >/ X7LRU: M(<M>LM <' X7LRU: $RUR>LM D D D D D D D D D D D SST
OD1DT ($><04ULR7>< @L>:(; D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D SS3
OD1DS 7LRU: M(<M>L D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D SSP
OD1D3 7LRU: $RUR>L D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D S3?
OD1D1 U:7R[ (RY((< X7LRU: M(<M>LM <' X7LRU: $RUR>LM D D D D D D S1]
ODP U:R6R>:(L<R  '(M74< D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D S1?
ODPD? [MR(; '(M$L7@R7>< D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D S1T
ODPDT >U:6 U$(L @L;(R(L7MR7>< 7< $>@L7;( /$R>L7MR7><
/>L; D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D S1S
ODPDS L;(RL7MR7>< 7< R5( MRR(6M@$( />L; D D D D D D D D D D D D D D D D D D S11
ODPD3 7;U:R<(>UM '(M74< >/ R5( $><RL>::(L <' R5( L(M7'U: 4(<6
(LR>L D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D S1O
ODO <':7<4 R5( /U:R L($>X(L[ RL<M7(<RM D D D D D D D D D D D D D D D D D D D D D D D D D D SP]
ODOD? MR(L7<4 RL<M7(<R U@>< MY7R$57<4 (RY((< $><RL>::(LM D D D D SP]
ODODT L>4L(MM7X( /U:R $$>;;>'R7>< D D D D D D D D D D D D D D D D D D D D D D D SPT
FC].C]X 

OD+ Z(L$7M(M D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D SP1


OD= 7:7>4L@57$: <>R(M D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D SPP

6 *'/19*9 / 81/#'@8- 1/=81- 1" *98=)A/= 9D9=.9 E E E E E E SP=


+D? >R7XR7>< D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D SP=
+DT >'(:M >/ '7M$L(R(6(X(<R M[MR(;M D D D D D D D D D D D D D D D D D D D D D D D D D D D D D SO?
+DTD? (R(L;7<7MR7$ <' <><6'(R(L;7<7MR7$ M[MR(;M D D D D D D D D D D D D D SO?
+DTDT ><6'(R(L;7<7MR7$ UR>;R <' (RL7 <(RM D D D D D D D D D D D D D D D SO3
+DTDS R>$5MR7$ @L>$(MM(M <' UR>;R D D D D D D D D D D D D D D D D D D D D D D SO+
+DTD3 (5X7>UL >/ MR>$5MR7$ UR>;R D D D D D D D D D D D D D D D D D D D D D D D S+S
+DTD1 >'(: >/ R5( /U:R[ UR>;R>< D D D D D D D D D D D D D D D D D D D D D D D D D S+O
+DS RR( >M(LXR7>< >/ MR>$5MR7$ UR>;R D D D D D D D D D D D D D D D D D D D D D D D S+=
+DSD? L(:7;7<L[ $><M7'(LR7><M >/ $><M7MR(<$[6M(' '74<>M7M D D S+=
+DSDT M(LXR7>< @L>:(; D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D S=]
+DSDS ><M7MR(<R 7<@UR6>UR@UR @7LM D D D D D D D D D D D D D D D D D D D D D D D D D D S=?
+DSD3 >:UR7>< R> R5( MRR( >M(LXR7>< @L>:(; D D D D D D D D D D D D D D D D S=T
+DSD1 ($ULM7X( />L; >/ R5( M>:UR7>< D D D D D D D D D D D D D D D D D D D D D D D D D S=P
+DSDP 7M$UMM7>< >/ R5( L(MU:RM D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D S=O
+DSDO M(LXR7>< :4>L7R5; D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D 3]]
+DSD+ RR( >M(LXR7>< >/ <><6'(R(L;7<7MR7$ UR>;R D D D D D D D D D D 3]T
+DSD= M(LX7:7R[ >/ MR>$5MR7$ UR>;R D D D D D D D D D D D D D D D D D D D D 3]P
+DSD?] 7MR7<4U7M57<4 7<@URM D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D 3?]
+D3 74<>M7M >/ MR>$5MR7$ UR>;R D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D 3?3
+D3D? L7<$7@:( >/ $><M7MR(<$[6M(' '74<>M7M D D D D D D D D D D D D D D D D D 3?3
+D3DT ><M7MR(<$[6M(' '74<>M7M >/ MR>$5MR7$ UR>;R D D D D D D D 3?P
+D3DS 74<>MR7$ :4>L7R5; D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D 3?=
+D3D3 74<>M7:7R[ >/ MR>$5MR7$ UR>;R D D D D D D D D D D D D D D D D D D D 3TS
+D1 (;>R( '74<>M7M >/ '7M$L(R(6(X(<R M[MR(;M D D D D D D D D D D D D D D D D D D D D D 3TO
+D1D? 74<>MR7$ 7; D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D 3TO
+D1DT <6>L' /U:R '(R($R7>< D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D 3T+
+D1DS //6>L' /U:R 7'(<R70$R7>< D D D D D D D D D D D D D D D D D D D D D D D D D D D 3S]
+DP (<M>L <' $RUR>L '74<>M7M D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D 3S1
+DPD? 74<>MR7$ @L>:(; D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D 3S1
+DPDT (<M>L MU@(LX7M7>< D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D 3SP
+DPDS $RUR>L MU@(LX7M7>< D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D 33T
+DO ><RL>: L($><04ULR7>< />L MR>$5MR7$ UR>;R D D D D D D D D D D D D D D D D D 33S
+DOD? UR>;R7$ MUMR7RUR7>< >/ /U:R[ M(<M>LM D D D D D D D D D D D D D D D D D 33S
+DODT UR>;R7$ L($><04ULR7>< >/ '74<>M7M D D D D D D D D D D D D D D D D D D 333
+D+ Z(L$7M(M D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D 331
+D= 7:7>4L@57$: <>R(M D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D 33P

06 *'/19*9 / 81/#'@8=*1/ 1" 7@/=*9 9D9=.9 E E E E E E E E E E E E E E E 33O


=D? <RL>'U$R7>< R> EU<R7M(' M[MR(;M D D D D D D D D D D D D D D D D D D D D D D D D D D D D D 33O
=D?D? U@(LX7M7>< >/ 5[L7' M[MR(;M D D D D D D D D D D D D D D D D D D D D D D D D D 33O
=D?DT 5( EU<R7M(' M[MR(; @@L>$5 R> MU@(LX7M>L[ $><RL>: D D D D D 31]
 FC].C]X

=DT U<R7M(' M[MR(;M D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D 31S


=DTD? ><R7<U>UM6XL7:( M[MR(; D D D D D D D D D D D D D D D D D D D D D D D D D D D 31S
=DTDT U<R7MR7>< >/ R5( M74<: M@$(M D D D D D D D D D D D D D D D D D D D D D D D 313
=DTDS (5X7>UL >/ EU<R7M(' M[MR(;M D D D D D D D D D D D D D D D D D D D D D D D D 31O
=DTD3 R>$5MR7$ @L>@(LR7(M >/ EU<R7M(' M[MR(;M D D D D D D D D D D D D D D D 3P?
=DS  (5X7>UL: X7(Y >< MU@(LX7M7>< @L>:(;M D D D D D D D D D D D D D D D D D D D D 3P1
=D3 7M$L(R(6(X(<R ;>'(:M >/ EU<R7M(' M[MR(;M D D D D D D D D D D D D D D D D D D D D 3P=
=D3D? >'(::7<4 @L>:(; D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D 3P=
=D3DT (@L(M(<RR7>< >/ UR><>;>UM EU<R7M(' M[MR(;M [ MR>$5M6
R7$ UR>;R D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D 3O]
=D3DS ZR(<M7><M R> M[MR(;M Y7R5 7<@UR <' >UR@UR D D D D D D D D D D D D D D 3OP
=D3D3 (@L(M(<RR7>< >/ /U:R[ EU<R7M(' M[MR(;M D D D D D D D D D D D D D D D 3O+
=D1 RR( >M(LXR7>< >/ EU<R7M(' M[MR(;M D D D D D D D D D D D D D D D D D D D D D D D D D 3+?
=D1D? M(LXR7>< ;(R5>' D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D 3+?
=D1DT 7M$UMM7>< >/ R5( L(MU:R D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D 3+T
=D1DS M(LXR7>< :4>L7R5; D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D 3+3
=DP 74<>M7M >/ EU<R7M(' M[MR(;M D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D 3+P
=DPD? 74<>MR7$ ;(R5>' D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D 3+P
=DPDT 7M$UMM7>< >/ R5( L(MU:R D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D 3+O
=DPDS 74<>MR7$ :4>L7R5; D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D 3+=
=DPD3 ($><04ULR7>< 7< $M( >/ M(<M>L >L $RUR>L /7:UL(M D D D D D D 3=]
=DPD1 ZR(<M7><M <' @@:7$R7>< (Z;@:(M D D D D D D D D D D D D D D D D D D D D 3=S
=DO U:R6R>:(L<R $><RL>: >/ EU<R7M(' M[MR(;M D D D D D D D D D D D D D D D D D D D D D 3=+
=DOD? ($><04ULR7>< @L>:(; D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D 3=+
=DODT L@56R5(>L(R7$ />L;U:R7>< >/ R5( $><RL>: @L>:(; D D D D D D D D 1]]
=DODS  L($><04ULR7>< ;(R5>' D D D D D D D D D D D D D D D D D D D D D D D D D D D D D 1]?
=D+ Z(L$7M(M D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D 1]T
=D= 7:7>4L@57$: <>R(M D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D 1]S

2F6 33-*=*1/ C.3-9 E E E E E E E E E E E E E E E E E E E E E E E E E E E E E E E E E E E E E E E E 1]1


?]D? U:R6R>:(L<R $><RL>: >/  R5L((6R<9 M[MR(; D D D D D D D D D D D D D D D D D D D D 1]1
?]D?D? ><RL>: @L>:(; D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D 1]1
?]D?DT (<(L7$ $>;@><(<R6M(' <:[M7M >/ R5( R5L((6R<9 M[MR(; D 1?]
?]D?DS >:UR7>< >/ R5( L($><04ULR7>< RM9 D D D D D D D D D D D D D D D D D D D D D 1?O
?]DT 74<>M7M <' /U:R6R>:(L<R $><RL>: >/  $5(;7$: @L>$(MM D D D D D D D D D 1T]
?]DTD? U:R '74<>M7M [ ;(<M >/  '7M$L(R(6(X(<R ;>'(: D D D D D D D D 1T]
?]DTDT ($><04ULR7>< >/  :(X(: <' R(;@(LRUL( $><RL>: :>>@ D D D D 1T+
?]DTDS ($><04ULR7>< >/  $><'U$R7X7R[ $><RL>: :>>@ D D D D D D D D D D D D 1SP
?]DS 74<>M7M <' $><RL>: >/  M57@ @L>@U:M7>< M[MR(; D D D D D D D D D D D D D D D 131
?]DSD? RLU$RUL( >/ R5( M57@ @L>@U:M7>< M[MR(; D D D D D D D D D D D D D D D D D D 131
?]DSDT >'(:M >/ R5( @L>@U:M7>< M[MR(; D D D D D D D D D D D D D D D D D D D D D D D 13O
?]DSDS U:R M$(<L7>M <' L(EU7L(;(<RM >< R5( '74<>M7M D D D D D D D D D 113
?]DSD3 RLU$RUL: <:[M7M >/ R5( @L>@U:M7>< M[MR(; D D D D D D D D D D D D D D 11+
?]DSD1 U:R '74<>M7M UM7<4 R5( @L7R[ M@$( @@L>$5 <' MRR(
>M(LXR7>< D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D 1PT
FC].C]X 

?]DSDP U<R7M(' M[MR(;M @@L>$5 R> R5( '74<>M7M >/ R5( @7R$5
$><RL>: :>>@ D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D 1PP
?]DSDO U:R6R>:(L<R @L>@U:M7>< D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D 1OT
?]D3 U@(LX7M7>< >/  MR(; 4(<(LR>L D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D 1O3
?]D3D? (M$L7@R7>< >/ R5( @L>$(MM D D D D D D D D D D D D D D D D D D D D D D D D D D D D D 1O3
?]D3DT >'(:7<4 >/ R5( MR(; 4(<(LR>L D D D D D D D D D D D D D D D D D D D D D D D 1OP
?]D3DS (M74< >/ R5( '74<>MR7$ M[MR(; D D D D D D D D D D D D D D D D D D D D D D D D 1+?
?]D3D3 RLU$RUL: <:[M7M D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D 1+S
?]D3D1 U:R M74<RUL(M D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D 1+=
?]D3DP Z@(L7;(<R: L(MU:RM D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D 1=?
?]D3DO U:R M$(<L7>M D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D 1=?
?]D3D+ X:UR7>< >/ R5( (Z@(L7;(<R: L(MU:RM D D D D D D D D D D D D D D D D D D D 1=3
?]D1 U:R6R>:(L<R (:($RL7$: MR((L7<4 >/ YL(5>UM( RLU$9M D D D D D D D D D D D D D 1=3
?]D1D? <RL>'U$R7>< D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D 1=1
?]D1DT :($RL7$: R((L7<4 D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D 1=1
?]D1DS [MR(; L$57R($RUL( D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D 1=+
?]D1D3 RLU$RUL: <:[M7M D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D P]T
?]D1D1 <:[R7$: @L>@(LR7(M >/ L(M7'U:M D D D D D D D D D D D D D D D D D D D D D D D P]+
?]D1DP U:R '(R($R7>< <' 7M>:R7>< D D D D D D D D D D D D D D D D D D D D D D D D D D D P]=
?]D1DO Z@(L7;(<RM D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D P?]
?]D1D+ X:UR7>< >/ R5( L(MU:RM D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D P?]
?]DP U;;L[% U7'(:7<(M />L R5( '(M74< >/ /U:R6R>:(L<R $><RL>: D D D D D D P?T
?]DPD? L$57R($RUL( D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D P?T
?]DPDT (M74< @L>$('UL( D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D P?3
?]DO 7:7>4L@57$: <>R(M D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D P?+

"8/9 E E E E E E E E E E E E E E E E E E E E E E E E E E E E E E E E E E E E E E E E E E E E E E E E E E E E E PT?

**&!.

33/*C 2 1. 3887@*9*=9 1/ A=189 / .=8*9 E E E E E E E E E E E E E E E PSS

33/*C ? 1=*1/9 1" 381*-*=D =(18D E E E E E E E E E E E E E E E E E E E E E E E E E E E PSO

33/*C >  /  1/=81--8 9*'/ E E E E E E E E E E E E E E E E E E E E E E E E E E P1?

33/*C & 1./-=@8 E E E E E E E E E E E E E E E E E E E E E E E E E E E E E E E E E E E E E E E P1O

33/*C $ 8.*/1-1'D E E E E E E E E E E E E E E E E E E E E E E E E E E E E E E E E E E E E E E E E E P1+

33/*C ; *=*1/8D E E E E E E E E E E E E E E E E E E E E E E E E E E E E E E E E E E E E E E E E E E PP?

@+= */C E E E E E E E E E E E E E E E E E E E E E E E E E E E E E E E E E E E E E E E E E E E E E E E E E E E PPO


  
1'/9 -/, 7M @L>/(MM>L >/ UR>;R7$ $><RL>: R R5( ($R7>< >/ UR>;R7>< R
LMR('8 >/ R5( ($5<7$: <7X(LM7R[ >/ (<;L9 <' 7M '8>7< @L>/(MM>L R R5(
 $(<R(L >/ (Z$(::(<$( R R5( >LY(47< <7X(LM7R[ >/ $7(<$( <' ($5<>6
:>4[D 7M L(M(L$5 7<R(L(MRM $>;@L7M( UR><>;>UM <' /U:R6R>:(L<R M[MR(;M& /U:R
'74<>M7M& M[MR(;M L$57R($RUL( '(M74< R> >R7< '(M7L(' M/(R[ @L>@(LR7(M& M[MR(;
;>'(::7<4& 7'(<R70$R7>< <' $><RL>:D 7M (Z@(L7(<$(M L(MU:R /L>; R5( '(X(:>@;(<R
>/ /U:R6R>:(L<R '(M74< ;(R5>'M />L R5( <7M5 LMR(' MR(::7R(& /L>; R5( '(M74< >/
M(X(L: ;L7<( UR>;R7>< M[MR(;M <' /L>; R5( '(M74< >/ /U:R6R>:(L<R MR((L7<46
[6Y7L( L$57R($RUL(M />L X(57$:(MD

*(- *//8= 7M @L>/(MM>L 7< R5( (@LR;(<R >/ ><RL>: <47<((L7<4 <' [MR(;
<:[M7M R R5( <7X(LM7R) 7L( '( LUZ(::(M A(:47U;BD ( 5M 5(:'  X7M7R7<4 @L>6
/(MM>L @>M7R7>< R R5(  R R5( <7X(LM7R) :U'( (L<L' [>< ? <'  @>MR6
'>$R>L: @>M7R7>< R R5( <7X(LM7R[ >/ (Y$MR:( AUMRL:7BD 7M L(M(L$5 7<R(L(MRM
7<$:U'( /U:R '74<>M7M <' /U:R6R>:(L<R $><RL>: />L :7<(L <' <><:7<(L M[MR(;M
Y7R5 @@:7$R7><M 7< R5( @L>$(MM 7<'UMRL[ <' 7< ;($5RL><7$MD L>/(MM>L 7<<(LR 7M
$ULL(<R:[ R5( $57L;< >/ R5(  ($5<7$: >;;7RR(( D

/ @/E 7M @L>/(MM>L >/ UR>;R7$ $><RL>: <' 5(' >/ R5( <MR7RUR( >/ UR>;R7><
<' >;@UR(L ><RL>: R R5( U5L6<7X(LM7RR >$5U; A(L;<[BD 7M L(M(L$5 7<6
R(L(MRM 7<$:U'( /U:R '74<>M7M <' L($><04UL:( $><RL>: >/ '7M$L(R(6(X(<R <' 5[6
L7' M[MR(;M& EU:7RR7X( ;>'(::7<4 >/ '[<;7$: M[MR(;M& :7<(L $><RL>: R5(>L[ Y7R5
@@:7$R7><M 7< R5( UR>;>R7X( <' @L>$(MM 7<'UMRL7(M& <' @@:7$R7><M >/ M[;>:7$
7</>L;R7>< @L>$(MM7<4 R> $><RL>: M[MR(;MD ( 7M UR5>L >/ RY> ;><>4L@5M >< L>6
UMR <' '($(<RL:7M(' $><RL>: <' >/ M(X(L: R(ZR>>9M >< $><RL>: R5(>L[& '7M$L(R(6
(X(<R M[MR(;M <' LR70$7: 7<R(::74(<$(D

8- =819B*,* 7M @L>/(MM>L >/ UR>;R7$ $><RL>: R R5( <7X(LM7R) '(M $76
(<$(M (R ($5<>:>47(M '( 7::( AL<$(BD ( 5M ((< 5('7<4 R5( >LR>7L(
'KUR>;R7EU( (R 'K </>L;R7EU( <'UMRL7(::( '( 7::( A  6B <' 7M $UL6
L(<R:[ Y7R5 R5( >LR>7L(  6 R $>:( >L;:( U@)L7(UL( '( $5<D
L>/(MM>L RL>MY7($97 5M ((< Y>L97<4 >< /U:R '(R($R7><& 7M>:R7>< <' L($>X(L[
:4>L7R5;M M7<$( ?=+PD 7M L(M(L$5 4L>U@ ''L(MM(M ;>'(:& M74<: <' 'R6M('
@@L>$5(M R> R5( MU@(LX7M7>< >/ $>;@:(Z <' (;(''(' M[MR(;M Y7R5 (;@5M7M ><
MRLU$RUL: <:[M7M& 7<R(::74(<R 7<MRLU;(<RM <' $>;@><(<RM& <' @@:7$R7><M 7< R5(
@L>$(MM 7<'UMRL[ <' R> RL<M@>LRR7>< M[MR(;MD



%"(% %  ## 
 (%%" % %"

( "*'  *'!,( * ( !*! ( ! "*(   ( ! ,* 
!((   ,**!' * ! *'!   !,* ( * ! * *( ! * !!#

)+) &($(!$ *-(... .4"1 1( 4$1.

UL ;>'(L< M>$7(R[ '(@(<'M MRL><4:[ U@>< R5( X7:7:7R[ <' $>LL($R /U<$R7>< >/
$>;@:(Z R($5<>:>47$: @L>$(MM(MD 57M $< ( 7::UMRLR(' [ <U;(L>UM (Z;@:(MD
<U/$RUL7<4 M[MR(;M $><M7MR >/ ;<[ '7//(L(<R ;$57<( R>>:M& L>>RM <' RL<M6
@>LRR7>< M[MR(;M :: >/ Y57$5 5X( R> $>LL($R:[ MR7M/[ R5(7L @UL@>M( 7< >L'(L R>
(<MUL( < (/0$7(<R <' 57456EU:7R[ @L>'U$R7><D $><>;[ <' (X(L[6'[ :7/( '(6
@(<' >< R5( /U<$R7>< >/ :L4( @>Y(L '7MRL7UR7>< <(RY>L9M <' RL<M@>LRR7>< M[M6
R(;M& Y5(L( /U:RM 7<  M7<4:( $>;@><(<R 5X( ;8>L (//($RM >< R5( X7:7:7R[ <'
@(L/>L;<$( >/ R5( M[MR(; M  Y5>:(D >7:( $>;;U<7$R7>< @L>X7'(M <>R5(L (Z6
;@:( Y5(L( <(RY>L9(' $>;@><(<RM 7<R(L$R M> 5(X7:[ R5R $>;@><(<R /U:RM 5X(
/L L($57<4 $><M(EU(<$(MD >L UR>;>7:(M MRL7$R :(4: L(4U:R7><M />L @L>R($R7<4
R5( (<X7L><;(<R $:7; R5R R5( (<47<( 5M R> ( MU@(LX7M(' <' M5UR >// 7< $M( >/ 
/U:RD
< R5( 4(<(L: M(<M(&  A+> 7M M>;(R57<4 R5R $5<4(M R5( (5X7>UL >/  M[MR(;
MU$5 R5R R5( M[MR(; '>(M <> :><4(L MR7M/[ 7RM @UL@>M(D R ;[ ( < 7<R(L<: (X(<R
7< R5( M[MR(;& Y57$5 MR>@M R5( @>Y(L MU@@:[& L(9M < 7</>L;R7>< :7<9& >L $L(R(M 
:(94( 7<  @7@(D R ;[ (  $5<4( 7< R5( (<X7L><;(<R: $><'7R7><M R5R $UM(M <
;7(<R R(;@(LRUL( 7<$L(M( R5R (X(<RU::[ MR>@M  L($R7>< >L (X(< '(MRL>[M R5(
L($R>LD R ;[ (  YL><4 $><RL>: $R7>< 47X(< [ R5( 5U;< >@(LR>L R5R L7<4M R5(
M[MR(; >UR >/ R5( L(EU7L(' >@(LR7>< @>7<R& >L 7R ;[ ( < (LL>L 7< R5( '(M74< >/ R5(
_ IO C]WF,`)]>FC ]F ,>:CFX>X C, 5`A]=]FA.WC] )FC]WFA

M[MR(;& Y57$5 L(;7<(' U<'(R($R(' U<R7: R5( M[MR(; $>;(M 7<R>  $(LR7< >@(LR7><
@>7<R Y5(L( R57M (LL>L L('U$(M R5( @(L/>L;<$( $><M7'(L:[D < <[ $M(& R5( /U:R
7M R5( @L7;L[ $UM( >/ $5<4(M 7< R5( M[MR(; MRLU$RUL( >L @L;(R(LM R5R (X(<RU::[
:('M R>  '(4L'(' M[MR(; @(L/>L;<$( >L (X(< R5( :>MM >/ R5( M[MR(; /U<$R7><D
< :L4( M[MR(;M& (X(L[ $>;@><(<R 5M ((< '(M74<(' R> $$>;@:7M5  $(LR7<
/U<$R7>< <' R5( >X(L:: M[MR(; Y>L9M MR7M/$R>L7:[ ><:[ 7/ :: $>;@><(<RM @L>X7'(
R5( M(LX7$( R5([ L( '(M74<(' />LD 5(L(/>L(&  /U:R 7<  M7<4:( $>;@><(<R UMU::[
$5<4(M R5( @(L/>L;<$( >/ R5( >X(L:: M[MR(;D
< >L'(L R> X>7' @L>'U$R7>< '(R(L7>LR7><M >L ';4( R> ;$57<(M <' 5U;<M&
/U:RM 5X( R> ( />U<' M EU7$9:[ M @>MM7:( <' '($7M7><M R5R MR>@ R5( @L>@4R7><
>/ R5(7L (//($RM 5X( R> ( ;'(D 5(M( ;(MUL(M M5>U:' ( $LL7(' >UR [ R5( $><RL>:
(EU7@;(<RD 5(7L 7; 7M R> ;9( R5( M[MR(; A+> >/+8->D / R5([ L( MU$$(MM/U:& R5(
M[MR(; /U<$R7>< 7M MR7M0(' :M> /R(L R5( @@(L<$( >/  /U:R& @>MM7:[ /R(L  M5>LR
R7;( >/ '(4L'(' @(L/>L;<$(D 5( $><RL>: :4>L7R5; '@RM R> R5( /U:R[ @:<R <'
R5( >X(L:: M[MR(; MR7M0(M 7RM /U<$R7>< 47<D

  

    
 
 


+ '+'+ `A]=]FA.WC] XgX].B

L>;  M[MR(;M6R5(>L(R7$ X7(Y@>7<R& /U:R6R>:(L<R $><RL>: $><$(L<M R5( 7<R(L$6


R7>< (RY((<  47X(< M[MR(; A@:<RB <'  $><RL>::(L A74D ?D?BD 5( R(L; H$><RL>::(LI
7M UM(' 5(L( 7<  X(L[ 4(<(L: M(<M(D R '>(M <>R ><:[ 7<$:U'( R5( UMU: /(('$9 >L
/(('/>LYL' $><RL>: :Y& UR :M> R5( '($7M7>< ;97<4 :[(L R5R '(R(L;7<(M R5( $><6
RL>: $><04ULR7><D 57M :[(L <:[M(M R5( (5X7>UL >/ R5( @:<R 7< >L'(L R> 7'(<R7/[
/U:RM <' $5<4(M R5( $><RL>: :Y R> 5>:' R5( $:>M('6:>>@ M[MR(; 7<  L(47>< >/
$$(@R:( @(L/>L;<$(D
><RL>::(LM L( UMU::[ '(M74<(' />L R5( /U:R:(MM @:<R M> R5R R5( $:>M(' :>>@
;((RM 47X(< @(L/>L;<$( M@($70$R7><M <'& 5(<$(& MR7M0(M 7RM /U<$R7><D U:R6
R>:(L<R $><RL>: $><$(L<M R5( M7RUR7>< R5R R5( @:<R 7M MU8($R R> M>;( /U:R / & Y57$5
@L(X(<RM R5( >X(L:: M[MR(; R> MR7M/[ 7RM 4>: 7< R5( /URUL(D  /U:R6R>:(L<R $><RL>::(L
5M R5( 7:7R[ R> L($R >< R5( (Z7MR(<$( >/ R5( /U:R [ '8UMR7<4 7RM $R7X7R7(M R> R5(
/U:R[ (5X7>UL >/ R5( @:<RD (<$(& />L < >M(LX(L Y5> (X:UR(M R5( /U<$R7><
>/ R5( $:>M('6:>>@ M[MR(; M5>Y< 7< 74D ?D?& R5( M[MR(; 7M /U:R6R>:(L<R 7/ 7R ;[
( MU8($R R> M>;( /U:R& UR R5( /U:R 7M <>R HX7M7:(I& ($UM( R5( M[MR(; L(;7<M
MR7M/[7<4 7RM '(M74<R(' 4>:D
IO_ `A]X C, 5`A] ]FA.WC). ^

(<(L::[& R5( Y[ R> ;9(  M[MR(; /U:R6R>:(L<R $><M7MRM >/ RY> MR(@M%

?D @-= *'/19*9 5( (Z7MR(<$( >/ /U:RM 5M R> ( '(R($R(' <' R5( /U:RM 5X(
R> ( 7'(<R70('D
TD 1/=81- 8)9*'/ 5( $><RL>::(L 5M R> ( '@R(' R> R5( /U:R[ M7RUR7>< M>
R5R R5( >X(L:: M[MR(; $><R7<U(M R> MR7M/[ 7RM 4>:D

5(M( MR(@M L( <>R $LL7(' >UR [ R5( UMU: /(('$9 $><RL>::(L& UR [  MU@(LX7M7><
M[MR(; R5R @L(M$L7(M R5( $><RL>: MRLU$RUL( <' M(:($RM R5( :4>L7R5; <' @L;(R(LM
>/ R5( /(('$9 $><RL>::(LD
<47<((LM 5X( ((< UM7<4 R57M @L7<$7@:( />L  :><4 R7;(D L'7R7><: ;(R5>'M />L
/U:R '74<>M7M 7<$:U'( :7;7R6$5($97<4 >L M@($RL: <:[M7M >/ M(:($R(' M74<:M& Y57$5
;9( R5( '(R($R7>< >/ M@($70$ /U:RM @>MM7:(D < R5( $M( >/ /U:RM& R5( $><RL>::(L
MY7R$5(M R>  L('U<'<R $>;@><(<RD >L (Z;@:(& 7;@>LR<R (:(;(<RM >/ < 7L$L/R
UM( R57M @L7<$7@:( Y7R5  R5L((/>:' L('U<'<$[D
5(M( ;(<M />L /U:R R>:(L<$( $< ><:[ ( @@:7(' R> M/(R[6$L7R7$: M[MR(;MD <6
'(('& />L  ;>L( 4(<(L: UM( R5([ L( U<<($(MML7:[ $>;@:7$R(' <' R>> (Z@(<M7X(
/>L RY> L(M><MD 7LMR& R5( RL'7R7><: ;(R5>'M />L /U:R '74<>M7M @L(MU@@>M( R5R
/>L (X(L[ /U:R R> ( '(R($R(' R5(L( 7M  ;(MUL:( M74<: R5R 7<'7$R(M R5( (Z7M6
R(<$( >/ R5( /U:R [& />L (Z;@:(& R5( X7>:R7>< >/  R5L(M5>:' >L [ $5<47<4 7RM
M@($RL: @L>@(LR7(MD < $>;@:(Z M[MR(;M Y7R5 ;<[ @>MM7:( /U:RM& MU$5  '7L($R L(6
:R7>< (RY((<  /U:R <' < MM>$7R(' M74<: '>(M <>R (Z7MR >L 7R 7M R>> (Z@(<M7X( R>
;(MUL( :: MU$5 M74<:MD ($><'& R57M 97<' >/ /U:R R>:(L<$( 7M M(' >< 2&F9(+ 8'
A--F& Y5(L( 7;@>LR<R $>;@><(<RM L( 7;@:(;(<R(' ;>L( R5< ><$(D <'UMRL[
$<<>R //>L' R> UM( MU$5  97<' >/ /U:R R>:(L<$( ><  :L4( M$:(D
5( ;(R5>'M '(M$L7(' 7< R57M >>9 L( M(' >< -+F>(+ 8A--FD < (Z6
@:7$7R ;R5(;R7$: ;>'(: 7M UM(' R> @(L/>L; R5( RY> MR(@M >/ /U:R6R>:(L<R $><6
RL>:D 5( /U:R 7M '74<>M(' [ UM7<4 R5( 7</>L;R7>< 7<$:U'(' 7< R5( ;>'(: <'
7< R5( ><6:7<( ;(MUL(;(<R M74<:MD 5(< R5( ;>'(: 7M '@R(' R> R5( /U:R[ M7RU6
R7>< <' R5( $><RL>::(L 7M L(6'(M74<(' M> R5R R5( $:>M('6:>>@ M[MR(; 7<$:U'7<4 R5(
/U:R[ @:<R MR7M0(M R5( 47X(< M@($70$R7><MD >'(:6M(' /U:R6R>:(L<R $><RL>: 7M 
$5(@(L Y[ R> (<5<$( R5( '(@(<'7:7R[ >/ M[MR(;M R5< RL'7R7><: ;(R5>'M M('
>< @5[M7$: L('U<'<$[D
5( 7; >/ R5( >>9 7M R> '(M$L7( R5( (Z7MR7<4 ;(R5>'M />L ;>'(:6M(' /U:R6
R>:(L<R $><RL>: <' R> '(;><MRLR( R5(7L @@:7$7:7R[ [ @L>R>R[@7$: @L$R7$: (Z6
;@:(MD U:R6R>:(L<R $><RL>: 7M  <(Y& L@7':[ '(X(:>@7<4 0(:'D  :>R >/ 7<R(L(MR7<4
7'(M 5X( :L('[ ((< (:>LR('& Y57$5 L( @L(M(<R(' 5(L(D

)+3 4$1. & 4$1 1($-&


26?62 @-=9
 A+> 7<  '[<;7$: M[MR(; 7M  '(X7R7>< >/ R5( M[MR(; MRLU$RUL( >L R5( M[M6
R(; @L;(R(LM /L>; R5( <>;7<: M7RUR7><D Z;@:(M />L MRLU$RUL: $5<4(M L( R5(
9 IO C]WF,`)]>FC ]F ,>:CFX>X C, 5`A]=]FA.WC] )FC]WFA

:>$97<4 >/ < $RUR>L& R5( :>MM >/  M(<M>L >L R5( '7M$><<($R7>< >/  M[MR(; $>;6
@><(<RD < :: R5(M( M7RUR7><M& R5( M(R >/ 7<R(L$R7<4 $>;@><(<RM >/ R5( @:<R >L R5(
7<R(L/$( (RY((< R5( @:<R <' R5( $><RL>::(L L( $5<4(' [ R5( /U:RD L;(R6
L7$: $5<4(M L( L>U45R >UR& />L (Z;@:(& [ Y(L >L ';4(D :: R5(M( /U:RM
[7(:' '(X7R7><M >/ R5( '[<;7$: 7<@URQ>UR@UR A QB @L>@(LR7(M >/ R5( @:<R /L>; R5(
<>;7<: ><(M <'& 5(<$(& $5<4( R5( @(L/>L;<$( >/ R5( $:>M('6:>>@ M[MR(; Y57$5
/ULR5(L L(MU:RM 7<  '(4L'R7>< >L (X(<  :>MM >/ R5( M[MR(; /U<$R7><D

D9=. (A*1@86 >L  ;>L( '(R7:(' <:[M7M >/ R5( 7;@$R >/ /U:RM $><M7'(L
R5( @:<R 7< 74D ?D? /L>; R5( X7(Y@>7<R >/ R5( $><RL>::(LD 5( /U:R 7M '(<>R(' [
/ D  7M R5( M(R >/ :: /U:RM />L Y57$5 R5( /U<$R7>< >/ R5( M[MR(; M5>U:' ( L(R7<('D
> M7;@:7/[ R5( @L(M(<RR7><& R5( /U:R:(MM $M( 7M :M> 7<$:U'(' 7< R5( /U:R M(R 
<' '(<>R(' [ /2 D >L R5( @(L/>L;<$( >/ R5( >X(L:: M[MR(; 7R 7M 7;@>LR<R Y7R5
Y57$5 >UR@UR Y$P% R5( @:<R L($RM 7/ 7R 4(RM R5( 7<@UR T$P%D 5( @7L $T( Y% 7M $::('
7<@URQ>UR@UR @7L A = 2(8B <' R5( M(R >/ :: @>MM7:( @7LM R5R ;[ >$$UL />L  47X(<
@:<R '(0<( R5( &C(/A8 D >R( R5R />L  M7<4:(67<@UR M7<4:(6>UR@UR M[MR(; T <'
Y '(<>R( R5( /U<$R7><M T     <' Y    & Y57$5 '(M$L7( R5( 7<@UR >L
>UR@UR M74<:M LR5(L R5< R5( X:U(M >/ R5(M( /U<$R7><M />L 47X(< @>7<RM 7< R7;(D
74UL( ?DT 47X(M  4L@57$: 7<R(L@L(RR7><D 5( (5X7>UL  7M  MUM(R >/ R5(
M@$(  5  >/ :: @>MM7:( $>;7<R7><M >/ 7<@UR <' >UR@UR M74<:MD 5( '>R  7<
R5( 04UL( L(@L(M(<RM  M@($70$ Q @7L R5R ;[ >$$UL />L R5( 47X(< M[MR(; Y5(L(M
  $T ( Y % L(@L(M(<RM  @7L R5R 7M <>R $><M7MR(<R Y7R5 R5( M[MR(; '[<;7$MD
5R 7M& />L R5( 7<@UR T R5( M[MR(; @L>'U$(M < >UR@UR Y 6 Y D

  




+ '+2+ WK<>)A >AA`X]W]>FC F5 ]<. XgX].B $.<d>F`W

> 7::UMRLR( R5( M[MR(; (5X7>UL 7< M>;( ;>L( '(R7:& $><M7'(L  MRR7$ M[MR(;
Y$P%  7A T$P%( A?D?B
Y5(L( 7A 7M R5( MRR7$ 47<D 5( 7<@UR <' R5( >UR@UR L( (:(;(<RM >/ R5( M(R  >/
L(: <U;(LMD 5( M(R >/ :: Q @7LM 7M 47X(< [
  #$T( Y%  Y  7A T$(
Y57$5 $< ( 4L@57$::[ L(@L(M(<R(' M  MRL745R :7<( 7< R5( TQY6$>>L'7<R( M[MR(;D
EUR7>< A?D?B '(M$L7(M& Y57$5 X:U(M >/ T <' Y (:><4 R>4(R5(LD U:RM L( />U<'&
IO_ `A]X C, 5`A] ]FA.WC). 7

7/ R57M (EUR7>< 7M <>R MR7M0('& 7D(D 7/ R5( ;(MUL(' Q @7L $T( Y% '>(M <>R (:><4
R> R5( (5X7>UL  :79( R5( @7L '(@7$R(' [ R5( @>7<R  7< 74D ?DTD
>L  '[<;7$: M[MR(; R5( (5X7>UL ($>;(M ;>L( 7<X>:X(' ($UM( R5( Q
@7LM 5X( R> 7<$:U'( R5( Y5>:( R7;( /U<$R7><M T$8% <' Y$8% R5R L(@L(M(<R R5( 7<6
@UR <' >UR@UR M74<:MD <  '7M$L(R(6R7;( M(RR7<4& R5( 7<@UR T 7M L(@L(M(<R(' [ R5(
M(EU(<$(
  $T$4%( T$"%( T$1%( EEE( T$7+ %%
>/ 7<@UR X:U(M R5R >$$UL R R5( R7;( 7<MR<$(M ]& ?&DDD& 7+ & Y5(L( 7+ '(<>R(M R5(
R7;( 5>L7\>< >X(L Y57$5 R5( M(EU(<$( 7M $><M7'(L('D /R(<& 7+ 7M R5( $ULL(<R R7;(
7<MR<R& U<R7: Y57$5 R5( 7<@UR M(EU(<$( 7M MR>L('D 79(Y7M(& R5( >UR@UR 7M '(M$L7('
[ R5( M(EU(<$(
 $Y$4%( Y$"%( Y$1%( EEE( Y$7+ %%E
><M(EU(<R:[& R5( M74<: M@$(M  UM(' />L R5( MRR7$ M[MR(; 5X( R> ( L(@:$('
[   . <'   . />L M7<4:(67<@UR M7<4:(6>UR@UR M[MR(;M <' [ M74<:
M@$(M >/ 5745(L '7;(<M7><M 7/ R5( M[MR(; 5M ;>L( R5< ><( 7<@UR <' ><( >UR@URD
5(< R5( (5X7>UL 7M  MUM(R >/ R5( $LR(M7< @L>'U$R  5   . 5 .
 :  . 5  .
A74D ?DTBD  7<$:U'(M :: M(EU(<$(M  <' R5R ;[ >$$UL />L R5( /U:R:(MM @:<RD
>L '[<;7$: M[MR(;M& R5( Q @7L 7M  @7L $( % >/ M(EU(<$(M LR5(L R5<  @7L
$T( Y% >/ $ULL(<R M74<: X:U(MD

  

    

 

    


  
 
  

+ '+1+ gX].B X`$?.)] ]F 5`A]X

@-= ""=9 1/ =( 9D9=. (A*1@86  /U:R $5<4(M R5( M[MR(; (5X7>UL M
7::UMRLR(' 7< 74D ?DSD <MR(' >/ R5( Y57R( M(R& R5( M[MR(; (5X7>UL 7M ;>X(' [
R5( /U:R R>YL'M R5( 4L([ M(RD /  $>;;>< 7<@UR T 7M @@:7(' R> R5( /U:R:(MM <'
R5( /U:R[ M[MR(;& R5(< >R5 M[MR(;M <MY(L Y7R5 R5( '7//(L(<R >UR@URM  >L  &
L(M@($R7X(:[D 5( @>7<RM   $(  % <'   $(  % '7//(L <' :7( 7< R5( Y57R( >L
[ IO C]WF,`)]>FC ]F ,>:CFX>X C, 5`A]=]FA.WC] )FC]WFA

R5( 4L([ M(R& L(M@($R7X(:[D 57M $5<4( 7< R5( M[MR(; (5X7>UL ;9(M R5( '(R($R7><
<' 7M>:R7>< >/ R5( /U:R @>MM7:(& U<:(MM R5( /U:R[ Q @7L :7(M 7< R5( 7<R(LM($R7><
>/ 2 <' ' D
< R5( MRL7$R M(<M(& R5( /U:R 7M R5( @L7;L[ $UM( >/  ;7M/U<$R7><D R 5M R> (
'7MR7<4U7M5(' /L>; R5( (//($RM >/ R5( /U:R& Y57$5 L( '(M$L7(' [ R5( $5<4( >/ R5(
Q (5X7>ULD 5(L(/>L(& /U:R '74<>M7M 5M R> RL$( $9 R5( $UM(6(//($R L(:R7><M
/L>; R5( ;(MUL(' Q @7L& Y57$5 7M />U<' R> ( '7//(L(<R /L>; R5( <>;7<: ><(& R>
R5( @L7;L[ $UM( >/ R57M $5<4(& Y57$5 7M R5( /U:R R> ( 7'(<R70('D

1--*/' 1" "@-=D 9D9=.96 >L /U:R6R>:(L<R $><RL>:& '[<;7$: ;>'(:M 5X( R>
'(M$L7( R5( @:<R MU8($R R> R5( /U:RM / )  D 5(M( ;>'(:M Y7:: @:[  ;8>L L>:(
R5L>U45>UR R57M >>9D 5([ '(M$L7( R5( (5X7>UL >/ R5( /U:R:(MM <' R5( /U:R[
M[MR(;& 7D(D R5([ L(MRL7$R R5( @>MM7:( Q @7LM R> R5>M( R5R @@(L 7< R5( (5X7>UL
2 >L ' 7< 74D ?DSD 5(L(/>L(& ;>'(:M L(@L(M(<R /-9>8(->9 >< R5( M74<:M  <'
R5R @@(L R R5( @:<RD 5( <>R7>< >/ $><MRL7<RM Y7:: ( UM(' M[<><[;>UM:[ Y7R5
R5( <>R7>< >/ ;>'(: (EUR7><M 7< R57M >>9D
< '(@(<'(<$( U@>< R5( 97<' >/ M[MR(;M $><M7'(L('& $><MRL7<RM $< 5X( R5( />L;
>/ :4(L7$ L(:R7><M& '7//(L(<R7: >L '7//(L(<$( (EUR7><M& UR>;R R:(M >L (6
5X7>UL: L(:R7><M >/ UR>;RD  M(R >/ MU$5 $><MRL7<RM $><MR7RUR(M  ;>'(:& Y57$5
$< ( UM(' M  4(<(LR>L >/ R5( M[MR(; (5X7>ULD >L  47X(< 7<@UR  R5( ;>'(:
[7(:'M R5( $>LL(M@><'7<4 >UR@UR D / R5( ;>'(: 7M UM(' />L  M@($70$ /U:R& 7R M5>YM
5>Y R5( M[MR(; >UR@UR 7M //($R(' [ R57M /U:RD
< /U:R '74<>M7M& R5( $><MRL7<RM $< :M> ( UM(' R> $5($9 R5( $><M7MR(<$[ >/
;(MUL(' Q @7LM Y7R5 R5( (5X7>UL >/ R5( /U:R:(MM >L R5( /U:R[ M[MR(;D < R57M
M7RUR7><& <>R ><:[ R5( 7<@UR  & UR :M> R5( >UR@UR 7M 9<>Y< <' 7R 7M $5($9('
Y5(R5(L R5( @7L A( B (:><4M R> R5( (5X7>UL %
&
$( % ) E

@-=9 A89@9 *9=@8/9 / .1- @/8=*/=*96 79( /U:RM& '7MRUL<$(M


<' ;>'(: U<$(LR7<R7(M $5<4( R5( @:<R (5X7>ULD < >L'(L R> (Z@:7< R5(7L '7M6
R7<$R7><& $><M7'(L  $><R7<U>UM6XL7:( M[MR(; R5R 7M '(M$L7(' [ < <:[R7$:
;>'(: A(D4D '7//(L(<R7: (EUR7><BD >L R57M 97<' >/ M[MR(;M& /U:RM L( UMU::[ L(@L(6
M(<R(' M ''7R7><: (ZR(L<: M74<:M >L M @L;(R(L '(X7R7><MD < R5( 0LMR $M(& R5(
/U:RM L( $::(' (>(C A+>9& ($UM( 7< R5( ;>'(: R5( /U:RM L( L(@L(M(<R(' [
< U<9<>Y< 7<@UR R5R (<R(LM R5( ;>'(: (EUR7>< M ''(<'D < R5( M($><' $M(& R5(
/U:RM L( $::(' ,A+>(2+(>(C A+>9 ($UM( R5( M[MR(; @L;(R(LM '(@(<'7<4 ><
R5( /U:R M7\( L( ;U:R7@:7(' Y7R5 R5( 7<@UR >L M[MR(; MRR(D
< @L7<$7@:(& '7MRUL<$(M <' ;>'(: U<$(LR7<R7(M 5X( M7;7:L (//($RM >< R5( M[M6
R(;D 7MRUL<$(M L( UMU::[ L(@L(M(<R(' [ U<9<>Y< 7<@UR M74<:M R5R 5X( R> (
''(' U@ R> R5( M[MR(; >UR@URD >'(: U<$(LR7<R7(M $5<4( R5( ;>'(: @L;(R(LM 7<
 M7;7:L Y[ M ;U:R7@:7$R7X( /U:RMD
IO_ `A]X C, 5`A] ]FA.WC). Z

5( '7MR7<$R7>< 7M 47X(< [ R5( 7; >/ /U:R6R>:(L<R $><RL>:D 5( /U:RM L( R5>M( (:6
(;(<RM Y57$5 M5>U:' ( '(R($R(' <' Y5>M( (//($RM M5>U:' ( L(;>X(' [ L(;('7:
$R7><MD 7MRUL<$(M <' ;>'(: U<$(LR7<R7(M L( <U7M<$(M& Y57$5 L( 9<>Y< R>
(Z7MR UR Y5>M( (//($RM >< R5( M[MR(; @(L/>L;<$( L( 5<':(' [ @@L>@L7R( ;(6
MUL(M :79( 0:R(L7<4 >L L>UMR '(M74<D ><RL>: R5(>L[ 5M M5>Y< R5R $><RL>::(LM $<
( '(M74<(' M> M R> RR(<UR( '7MRUL<$(M <' R>:(LR( ;>'(: U<$(LR7<R7(M U@ R> 
$(LR7< M7\(D U:RM L( ;>L( M(X(L( $5<4(M& Y5>M( (//($RM >< R5( @:<R (5X7>UL
$<<>R ( MU@@L(MM(' [  0Z(' $><RL>::(LD U:R6R>:(L<R $><RL>: 7;M R $5<47<4
R5( $><RL>: :Y M> M R> $<$(: R5( (//($RM >/ R5( /U:RM >L R> RR(<UR( R5(; R> <
$$(@R:( :(X(:D

   
   

        

 
   
   

+ '++ >X]>C)]>FC $.]e..C )]`]FW 5`A]X+ KAC] 5`A]X C, X.CXFW
5`A]X

-99*#=*1/ 1" "@-=96 5( /U:RM L( >/R(< $:MM70(' M />::>YM A$/D 74D ?D3B%
% -/= "@-=9 U$5 /U:RM $5<4( R5( '[<;7$: Q @L>@(LR7(M >/ R5( M[MR(;D

% /918 "@-=9 5( @:<R @L>@(LR7(M L( <>R //($R('& UR R5( M(<M>L L('7<4M 5X(
MUMR<R7: (LL>LMD

% =@=18 "@-=9 5( @:<R @L>@(LR7(M L( <>R //($R('& UR R5( 7<2U(<$( >/ R5(
$><RL>::(L >< R5( @:<R 7M 7<R(LLU@R(' >L ;>'70('D
U( R> R5( H:>$R7><I >/ M(<M>L <' $RUR>L /U:RM R R5( (<' >L R5( (47<<7<4 >/ R5(
$UM(6(//($R6$57< >/ R5( @:<R& R5(L( L( M@($70$ ;(R5>'M />L '(R($R7<4 R5(;D >L
(Z;@:(& 7< ($R7>< +DO& >M(LX(L M$5(;(M />L M(<M>L <' $RUR>L /U:R '74<>M7M
Y7:: ( '(X(:>@(' <' /U:R6R>:(L<R $><RL>: Y7:: ( RL(R(' M@($70$::[ />L R5(M(
$M(MD
U:RM $< ( '7MR7<4U7M5(' $><$(L<7<4 R5(7L M7\( <' R(;@>L: (5X7>ULD LU@R
/U:RM >$$UL& />L (Z;@:(& 7<  L(96'>Y< >/ R5( @>Y(L MU@@:[ Y5(L(M MR('7:[
7<$L(M7<4 /U:RM L( L>U45R >UR [ Y(L& <' 7<R(L;7RR(<R /U:RM [ < 7<R(L;7RR('
(:($RL7$: $><R$RD :: R5(M( '7//(L(<R 97<'M >/ /U:RM Y7:: ( $><M7'(L(' 7< R57M >>9&
:R5>U45 <>R :: ;(R5>'M L( MU7R:( R> R$9:( :: 97<'M >/ /U:RMD

@-= A89@9 "*-@86  M5>LR <>R( 7M <($(MML[ $><$(L<7<4 R5( '7MR7<$R7>< >/ R5(
<>R7><M >/ /U:R <' /7:UL( Y7R5 L(M@($R R> R5(7L $ULL(<R UM( 7< R5( (<47<((L7<4 R(L;76
<>:>4[D M (Z@:7<(' >X(&  /U:R $UM(M  $5<4( 7< R5( $5L$R(L7MR7$M >/  $>;6
2 IO C]WF,`)]>FC ]F ,>:CFX>X C, 5`A]=]FA.WC] )FC]WFA

@><(<R MU$5 R5R R5( ;>'( >/ >@(LR7>< >L @(L/>L;<$( >/ R5( $>;@><(<R 7M $5<4('
7< < U<'(M7L(' Y (<$( R5( L(EU7L(' M@($70$R7><M >< R5( M[MR(; @(L/>L;<$(
L( <> :><4(L ;(RD >Y(X(L&  /U:R $< ( HY>L9(' L>U<'I [ /U:R6R>:(L<R $><RL>:
M> R5R R5( /U:R[ M[MR(; L(;7<M >@(LR7><:D
< $><RLMR R> R57M& R5( <>R7>< >/  (+A8 '(M$L7(M R5( 7<7:7R[ >/  M[MR(; >L 
$>;@><(<R R> $$>;@:7M5 7RM /U<$R7><D 5( M[MR(; >L  $>;@><(<R 5M R> ( M5UR
>//& ($UM( R5( /7:UL( 7M < 7LL($>X(L:( (X(<RD 7R5 R5(M( <>R7><M R5( 7'( >/
/U:R6R>:(L<R $><RL>: $< ( MRR(' M />::>YM%

U:R6R>:(L<R $><RL>: 5M R> @L(X(<R  /U:R /L>; $UM7<4  /7:UL( R R5( M[MR(;
:(X(:D

26?6? 7@*8./=9 / 38138=*9 1" 9D9=.9 9@+= =1 "@-=9

M /U:RM ;[ $UM( MUMR<R7: ';4( >< ;$57<(L[ <' L7M9 />L 5U;< :7/(& (<476
<((LM 5X( 7<X(MR74R(' R5(7L @@(L<$( <' 7;@$RM />L '($'(MD 7//(L(<R <>R7><M
:79( M/(R[& L(:77:7R[& X7:7:7R[ <' '(@(<'7:7R[ 5X( ((< '(0<(' <' 7<X(MR76
4R('D < R57M M($R7><& R5( 7;M >/ /U:R6R>:(L<R $><RL>: 7M L(:R(' R> R5(M( <>R7><M&
Y57$5 L(MU:R /L>; '7//(L(<R X7(YM >< /U:R[ M[MR(;MD
% "=D '(M$L7(M R5( M(<$( >/ '<4(LD  M/(R[ M[MR(; 7M  @LR >/ R5( $><RL>:
(EU7@;(<R R5R @L>R($RM  R($5<>:>47$: M[MR(; /L>; @(L;<(<R ';4(D R (<6
:(M  $><RL>::(' M5UR6'>Y<& Y57$5 L7<4M R5( R($5<>:>47$: @L>$(MM 7<R>  M/(
MRR(D > '> M>& 7R (X:UR(M R5( 7</>L;R7>< >UR $L7R7$: M74<:M <' $R7XR(M
'('7$R(' $RUR>LM R> MR>@ R5( @L>$(MM 7/ M@($70(' $><'7R7><M L( ;(RD 5( >X(L6
:: M[MR(; 7M R5(< $::('  (+'9  9F9>,D

% -**-*=D 7M R5( @L>7:7R[ R5R  M[MR(; $$>;@:7M5(M 7RM 7<R(<'(' /U<$R7>< />L
 M@($70(' @(L7>' >/ R7;( U<'(L <>L;: $><'7R7><MD (:77:7R[ MRU'7(M (X:UR(
R5( /L(EU(<$[ Y7R5 Y57$5 R5( M[MR(; 7M /U:R[& UR R5([ $<<>R M[ <[R57<4 >UR
R5( $ULL(<R /U:R MRRUMD U:R6R>:(L<R $><RL>: $<<>R $5<4( R5( L(:77:7R[ >/ R5(
@:<R $>;@><(<RM& UR 7R 7;@L>X(M R5( L(:77:7R[ >/ R5( >X(L:: M[MR(;& ($UM(
Y7R5  /U:R6R>:(L<R $><RL>::(L R5( >X(L:: M[MR(; L(;7<M >@(LR7><: /R(L R5(
@@(L<$( >/ /U:RMD

% A*-*-*=D 7M R5( @L>7:7R[ >/  M[MR(; R> ( >@(LR7><: Y5(< <(('('D ><6
RLL[ R> L(:77:7R[ 7R :M> '(@(<'M >< R5( ;7<R(<<$( @>:7$7(M& Y57$5 L( @@:7('
R> R5( M[MR(; $>;@><(<RMD

% 3/*-*=D :U;@M R>4(R5(L R5( R5L(( @L>@(LR7(M >/ L(:77:7R[& X7:7:7R[ <'
M/(R[D  '(@(<':( M[MR(; 7M  /7:6M/( M[MR(; Y7R5 5745 X7:7:7R[ <' L(:76
7:7R[D
IO_ `A]X C, 5`A] ]FA.WC). D

M (Z@:7<(' (L:7(L&  /U:R6R>:(L<R M[MR(; 5M R5( @L>@(LR[ R5R /U:RM '> <>R
'(X(:>@ 7<R>  /7:UL( >/ R5( $:>M('6:>>@ M[MR(;D < R5( MRL7$R />L;& R5( @(L/>L;<$(
L(;7<M R5( M;(D 5(< R5( M[MR(; 7M M7' R> ( (+'/28>(/-+D <  L('U$(' />L;&
R5( M[MR(; L(;7<M 7< >@(LR7>< /R(L /U:RM 5X( >$$ULL('& UR R5( M[MR(; 5M '(6
4L'(' @(L/>L;<$(D 5(< 7R 7M $::(' R> ( (+'%8 A+D

"=D A89@9 "@-= =1-8/6 U( R> 7RM 7;@>LR<$(& R5( L(:R7>< (RY((< M/(R[
<' /U:R R>:(L<$( 7M (:>LR(' <>Y 7< ;>L( '(R7:D MMU;( R5R R5( M[MR(; @(L6
/>L;<$( $< ( '(M$L7(' [ R5( RY> XL7:(M Y <' Y. D 5(< 74D ?D1 M5>YM R5(
'7//(L(<R L(47><M R5R 5X( R> ( $><M7'(L('D

      

    
       

    
   

   
   
 

      
       
     

       

     

   

   

 

+ '++ .:>FCX F5 W.Q`>W., C, ,.:W,., K.W5FWBC).

< R5( L(47>< >/ L(EU7L(' @(L/>L;<$(& R5( M[MR(; MR7M0(M 7RM /U<$R7><D 57M 7M R5(
L(47>< Y5(L( R5( M[MR(; M5>U:' L(;7< 'UL7<4 7RM R7;( >/ >@(LR7><D 5( $><RL>::(L
;9(M R5( <>;7<: M[MR(; L(;7< 7< R57M L(47>< '(M@7R( >/ '7MRUL<$(M <' U<$(L6
R7<R7(M >/ R5( ;>'(: UM(' 7< R5( $><RL>::(L '(M74<D 5( $><RL>::(L ;[ (X(< 5>:' R5(
M[MR(; 7< R57M L(47>< 7/ M;:: /U:RM >$$UL& :R5>U45 R57M 7M <>R 7RM @L7;L[ 4>:D <
R57M $M(& R5( $><RL>::(L H57'(MI R5( (//($R >/ /U:RM& Y57$5 7M <>R 7RM 7<R(<'(' @UL@>M(
UR ;9(M R5( /U:R '74<>MR7$ RM9 ;>L( '7/0$U:RD
5( L(47>< >/ '(4L'(' @(L/>L;<$( M5>YM Y5(L( R5( /U:R[ M[MR(; 7M ::>Y(' R>
L(;7<& :R5>U45 7< R57M L(47>< R5( @(L/>L;<$( '>(M <>R MR7M/[ R5( 47X(< L(EU7L(6
;(<RM UR ;[ ( $><M7'(L:[ '(4L'('D U:RM L7<4 R5( M[MR(; /L>; R5( L(47><
>/ R5( L(EU7L(' @(L/>L;<$( 7<R> R5( L(47>< >/ '(4L'(' @(L/>L;<$(D 5( /U:R6
R>:(L<R $><RL>::(L M5>U:' ( :( R> 7<7R7R( L($>X(L[ $R7><M R5R @L(X(<R  /ULR5(L
'(4L'R7>< >/ R5( @(L/>L;<$( R>YL'M R5( U<$$(@R:( >L '<4(L>UM L(47><M <'
7R M5>U:' ;>X( R5( M[MR(; $9 7<R> R5( L(47>< >/ L(EU7L(' @(L/>L;<$(D R R5( >L6
Ii IO C]WF,`)]>FC ]F ,>:CFX>X C, 5`A]=]FA.WC] )FC]WFA

'(L (RY((< R5( RY> L(47><M& R5( MU@(LX7M7>< M[MR(; 7M 7<X>9('& Y57$5 '74<>M(M
R5( /U:RM <' '8UMRM R5( $><RL>::(L R> R5( <(Y M7RUR7><D
5( L(47>< >/ U<$$(@R:( @(L/>L;<$( M5>U:' ( X>7'(' [ ;(<M >/ /U:R6
R>:(L<R $><RL>:D 57M L(47>< :7(M (RY((< R5( L(47>< >/ $$(@R:( @(L/>L;<$( 7<
Y57$5 R5( M[MR(; M5>U:' L(;7< <' R5( L(47>< >/ '<4(L& Y57$5 R5( M[MR(; M5>U:'
<(X(L L($5D
 M/(R[ M[MR(; 7<R(LLU@RM R5( >@(LR7>< >/ R5( >X(L:: M[MR(; R> X>7' '<4(L
/>L R5( M[MR(; <' 7RM (<X7L><;(<RD R 7M 7<X>9(' 7/ R5( >UR(L >L'(L >/ R5( L(47><
>/ U<$$(@R:( @(L/>L;<$( 7M (Z$(('('D 57M M5>YM R5R R5( M/(R[ M[MR(; <'
R5( /U:R6R>:(L<R $><RL>::(L Y>L9 7< M(@LR( L(47><M >/ R5( M74<: M@$( <' MR7M/[
$>;@:(;(<RL[ 7;MD < ;<[ @@:7$R7><M& R5([ L(@L(M(<R RY> M(@LR( @LRM >/ R5(
$><RL>: M[MR(;D >L (Z;@:(& 7< R5( @L>$(MM 7<'UMRL[& M/(R[ M[MR(;M <' MU@(LX7M7><
M[MR(;M L( 7;@:(;(<R(' 7< M(@LR( U<7RMD 57M M(@LR7>< ;9(M 7R @>MM7:( R>
'(M74< /U:R6R>:(L<R $><RL>::(LM Y7R5>UR R5( <((' R> ;((R M/(R[ MR<'L'MD

)+2 $%&1. ( 4$1 1($-&1 (&1-($

26>62 =8@=@8 1" "@-=)=1-8/= 1/=81- 9D9=.9

5( L$57R($RUL( >/ /U:R6R>:(L<R $><RL>: 7M '(@7$R(' 7< 74D ?DPD 5( RY> :>$9M H'76
4<>M7MI <' H$><RL>::(L L(6'(M74<I $LL[ >UR R5( RY> MR(@M >/ /U:R6R>:(L<R $><RL>:
7<RL>'U$(' >< @4( SD
?D 5( '74<>MR7$ :>$9 UM(M R5( ;(MUL(' 7<@UR <' >UR@UR <' R(MRM R5(7L $><6
M7MR(<$[ Y7R5 R5( @:<R ;>'(:D RM L(MU:R 7M  $5L$R(L7MR7>< >/ R5( /U:R Y7R5
MU/0$7(<R $$UL$[ />L R5( $><RL>::(L L(6'(M74<D

TD 5( L(6'(M74< :>$9 UM(M R5( /U:R 7</>L;R7>< <' '8UMRM R5( $><RL>::(L R> R5(
/U:R[ M7RUR7><D
7<$( R5( R(L; >/ R5( $><RL>::(L 7M UM(' 5(L( 7<  X(L[ L>' M(<M(& R5( 7<@UR T R>
R5( @:<R 7<$:U'(M :: M74<:M R5R $< ( 7<2U(<$(' [ R5( $><RL>: '($7M7>< U<7RMD
5( 7;M <' ;(R5>'M MM>$7R(' Y7R5 >R5 :>$9M Y7:: ( '7M$UMM(' 7< ;>L( '(R7:
(:>YD
< R5( 04UL(& :: M7;@:( LL>YM L(@L(M(<R M74<:MD 5( $><<($R7>< (RY((< R5(
$><RL>::(L L(6'(M74< :>$9 <' R5( $><RL>::(L 7M 'LY< [  '>U:( LL>Y 7< >L'(L R>
7<'7$R( R5R R57M $><<($R7>< L(@L(M(<RM < 7</>L;R7>< :7<9 7<  ;>L( 4(<(L: M(<M(D
5( L(6'(M74< >/ R5( $><RL>::(L ;[ <>R ><:[ L(MU:R 7< <(Y $><RL>::(L @L;(R(LM& UR
:M> 7<  <(Y $><RL>: $><04ULR7><D 5(< R5( >:' <' R5( <(Y $><RL>::(L '7//(L Y7R5
L(M@($R R> R5( 7<@UR <' >UR@UR M74<:M R5R R5([ UM( A$/D ($R7>< ?DSDSBD
5( 04UL( M5>YM R5R /U:R6R>:(L<R $><RL>: (ZR(<'M R5( UMU: /(('$9 $><RL>::(L
[  MU@(LX7M>L& Y57$5 7<$:U'(M R5( '74<>MR7$ <' R5( $><RL>::(L L(6'(M74< :>$9MD
< R5( /U:R:(MM $M(& R5( <>;7<: $><RL>::(L RR(<UR(M R5( '7MRUL<$( ) <' (<MUL(M
M(R6@>7<R />::>Y7<4 <' >R5(L L(EU7L(;(<RM >< R5( $:>M('6:>>@ M[MR(;D 5( ;7<
IO^ A.B.C]X F5 5`A]=]FA.WC] )FC]WFA II

      

     


 
  
    



 
    
 



 

 
      
    

+ '+/+ W)<>].)]`W. F5 5`A]=]FA.WC] )FC]WFA

$><RL>: $R7X7R7(M >$$UL >< R5( (Z($UR7>< :(X(:D < R5( MU@(LX7M7>< :(X(: R5( '74<>M6
R7$ :>$9 M7;@:[ L($>4<7M(M R5R R5( $:>M('6:>>@ M[MR(; 7M /U:R:(MM <' <> $5<4(
>/ R5( $><RL>: :Y 7M <($(MML[D
/  /U:R / >$$ULM& R5( MU@(LX7M7>< :(X(: ;9(M R5( $><RL>: :>>@ /U:R6R>:(L<RD 5(
'74<>MR7$ :>$9 7'(<R70(M R5( /U:R <' R5( $><RL>::(L L(6'(M74< :>$9 '8UMRM R5(
$><RL>::(L R> R5( <(Y M7RUR7><D /R(LYL'M R5( (Z($UR7>< :(X(: :><( $><R7<U(M R>
MR7M/[ R5( $><RL>: 7;MD
< 74D ?DP M Y(:: M 7< R5( <(ZR 04UL(M R5( '74<>MR7$ L(MU:R / 7M MMU;(' R>
( 7'(<R7$: R> R5( /U:R / >$$ULL7<4 7< R5( M[MR(;D 57M L(2($RM < 7'(:7M(' M7R6
UR7><& ($UM( 7< ;<[ @@:7$R7><M '7MRUL<$(M ) >L ;>'(: U<$(LR7<R7(M L7<4
>UR U<$(LR7<R7(M >/ R5( '74<>MR7$ L(MU:RM MU$5 R5R 7<MR(' >/ R5( /U:R / ><:[ <

@@L>Z7;R( /U:R />LM(R >//U:R$<'7'R(M7M>R7<('D57M/$RY7::(7<X(M6
R74R('7<'(R7:7<::$5@R(LM>/R57M>>9D(L(&5>Y(X(L&R5(7'(:7M('M7RUR7><
7M$><M7'(L('7<>L'(LR>(Z@:7<R5(M7$7'(M>//U:R'74<>M7M<'/U:R6R>:(L<R
$><RL>:D

9=-*9(.=(19"18/9@8*/'"@-==1-8/6 >$(LR7<(ZR(<R&/U:RR>:6
(L<$($<:M>($$>;@:7M5('Y7R5>URR5(MRLU$RUL(47X(<7<74D?DP[;(<M
>/Y(::(MR:7M5('$><RL>:;(R5>'MDMR57M7M@>MM7:(><:[/>LL(MRL7$R('$:MM
>//U:RM&R5(M(;(R5>'MY7::<>R('(:RY7R57<;>L('(R7:7<R57M>>9&URR5([
M5>U:'(;(<R7><('5(L(D

% 1@9=1/=81-0Z('$><RL>::(L7M'(M74<('R5RR>:(LR(M$5<4(M>/R5(@:<R
'[<;7$MD 5( $><RL>::(' M[MR(; MR7M0(M 7RM 4>:M U<'(L :: /U:R[ $><'7R7><MD
U:RR>:(L<$(7M>R7<('Y7R5>UR$5<47<4R5($><RL>::(L@L;(R(LMD R7M&R5(L(6
/>L(& $::(' 299(C A+> >/+8-D >Y(X(L& R5( R5(>L[ >/ L>UMR $><RL>: 5M
M5>Y<R5RL>UMR$><RL>::(LM(Z7MR><:[/>LL(MRL7$R('$:MM>/$5<4(M>/R5(
@:<R(5X7>ULR5R;[($UM('[/U:RMDULR5(L&L>UMR$><RL>::(LY>L9M
MU>@R7;:/>LR5(<>;7<:@:<R($UM(7RM@L;(R(LML(0Z('M>MR>4(R
RL'(6>//(RY((<@(L/>L;<$(<'L>UMR<(MMD
I_ IO C]WF,`)]>FC ]F ,>:CFX>X C, 5`A]=]FA.WC] )FC]WFA

% 3=*A 1/=81- 5( $><RL>::(L @L;(R(LM L( '@R(' R> $5<4(M >/ R5( @:<R
@L;(R(LMD / R5(M( $5<4(M L( $UM(' [ M>;( /U:R& '@R7X( $><RL>: ;[ @L>6
X7'( >(C A+> >/+8-D >Y(X(L& R5( R5(>L[ >/ '@R7X( $><RL>: M5>YM R5R
R57M @L7<$7@:( 7M @LR7$U:L:[ (/0$7(<R ><:[ />L @:<RM R5R L( '(M$L7(' [ :7<(L
;>'(:M Y7R5 M:>Y:[ XL[7<4 @L;(R(LMD 5(M( L(MRL7$R7><M L( UMU::[ <>R ;(R [
M[MR(;M U<'(L R5( 7<2U(<$( >/ /U:RM& Y57$5 R[@7$::[ 5X(  <><:7<(L (5X7>UL
Y7R5 MU''(< @L;(R(L $5<4(MD
L>;  MRLU$RUL: @>7<R >/ X7(Y& '@R7X( $><RL>: 5M  M7;7:L MRLU$RUL( M /U:R6
R>:(L<R $><RL>:& 7/ R5( '74<>MR7$ :>$9 7M L(@:$(' [  :>$9 R5R 7'(<R70(M R5(
$ULL(<R @:<R @L;(R(LM <' R5( $><RL>::(L L(6'(M74< :>$9 '@RM R5( $><RL>::(L @6
L;(R(LM R> R5( 7'(<R70$R7>< L(MU:R A74D ?DPBD >Y(X(L& 7< /U:R6R>:(L<R $><RL>: R5(
M7\( >/ R5( $5<4(M >/ R5( @:<R (5X7>UL L( :L4(L <' <>R L(MRL7$R(' R> @L;(R(L
$5<4(M <' R> $><R7<>UM6XL7:( M[MR(;MD
/ R5( ;>'70$R7><M >/ R5( @:<R '[<;7$M L>U45R >UR [ /U:RM MR7M/[ R5( L(6
EU7L(;(<RM R5R L( <($(MML[ R> @@:[ L>UMR >L '@R7X( $><RL>: M$5(;(M& R5(<
R5(M( M$5(;(M @L>X7'( L(M><:( M>:UR7><M R> R5( /U:R6R>:(L<R $><RL>: @L>:(;D
>Y(X(L& />L M(X(L( >L MU''(< /U:RM& R5(M( ;(R5>'M L( <>R @@:7$:( <' R5( 7'(M
@L(M(<R(' 7< R57M >>9 5X( R> ( UM('D

@-=)=1-8/= 1/=81- = =( 1.31//= -A- / =( 1A8-- 9D9=. -A-6 >'6
(L< R($5<>:>47$: M[MR(;M $><M7MR >/ M(X(L:& >/R(< ;<[ MUM[MR(;M& Y57$5 L(
MRL><4:[ $><<($R('D 5( (//($R >/  /U:R 7<  M7<4:( $>;@><(<R @L>@4R(M R5L>U45
R5( >X(L:: M[MR(;D < 74D ?DO R5( /U:R >$$ULL7<4 7< >;@><(<R T 7<2U(<$(M ::
>R5(L $>;@><(<RMD

  

 

+ '+.+ `A] KWFK:]>FC >C >C].W)FCC.)]., XgX].BX

5( (//($RM >/  /U:R 7<  M7<4:( $>;@><(<R ;[ ( >/ ;7<>L 7;@>LR<$( R> R57M
$>;@><(<RD >Y(X(L& 'U( R> R5(7L @L>@4R7>< R5L>U45>UR R5( >X(L:: M[MR(;& R5(
/U:R ;[ (X(<RU::[ 7<7R7R( R5( M/(R[ M[MR(; R> M5UR >// R5( Y5>:( M[MR(;D < R5(
R(L;M '(0<(' >X(& R5( /U:R 5M R5(< $UM('  M[MR(; /7:UL(D
IO^ A.B.C]X F5 5`A]=]FA.WC] )FC]WFA I^

5(L( L( RY> @>MM77:7R7(M R> MR>@ R5( @L>@4R7>< >/ R5( /U:RD 7R5(L R5( /U:R
@L>@4R7>< 7M MR>@@(' 7<M7'( R5( //($R(' $>;@><(<R [ ;97<4 R5( $>;@><(<R
/U:R6R>:(L<R >L R5( @L>@4R7>< >/ R5( /U:R ;><4 R5( $>;@><(<RM 5M R> (
MR>@@('D
5( @L>@4R7>< >/ R5( /U:R (//($RM R5L>U45 R5( >X(L:: M[MR(; UMU::[ R9(M R7;(D
57M R7;( 47X(M R5( $><RL>::(L >/ R5( //($R(' $>;@><(<R R5( $5<$( R> '8UMR 7RM
(5X7>UL R> R5( /U:R[ M7RUR7>< <'& 5(<$(& R> 9((@ R5( >X(L:: M[MR(; 7< >@(LR7><D

26>6? */ *9 1" "@-= *'/19*9

5( 0LMR RM9 >/ /U:R6R>:(L<R $><RL>: $><$(L<M R5( '(R($R7>< <' 7'(<R70$R7>< >/ (Z6
7MR7<4 /U:RMD 74UL( ?D+ 7::UMRLR(M R5( '74<>MR7$ @L>:(;D  '[<;7$: M[MR(; Y7R5
7<@UR T <' >UR@UR Y 7M MU8($R(' R> M>;( /U:R / D 5( M[MR(; (5X7>UL '(@(<'M ><
R5( /U:R / )  Y5(L( R5( (:(;(<R /2 >/ R5( M(R  M[;>:7M(M R5( /U:R:(MM $M(D 5(
'74<>MR7$ M[MR(; >R7<M R5( Q @7L $( %& Y57$5 $><M7MRM >/ R5( M(EU(<$(M
  $T$4%( T$"%( T$1%( EEE( T$7+ %%
 $Y$4%( Y$"%( Y$1%( EEE( Y$7+ %%
>/ 7<@UR <' >UR@UR X:U(M ;(MUL(' R '7M$L(R( R7;( @>7<RM 7 Y7R57<  47X(< R7;(
5>L7\>< 7+ D R 5M R> M>:X( R5( />::>Y7<4 @L>:(;%
*'/19=* 81-.6 /8  %(C- = 2(8 $( % !- >& A+> / 5
/ R5( U<7EU( L(MU:R 7M /2 & R5( '74<>MR7$ M[MR(; 7<'7$R(M R5R R5( M[MR(; 7M /U:R:(MMD
R M5>U:' ( (;@5M7M(' R5R R5( @L>:(; $><M7'(L(' 5(L( $><$(L<M ><6:7<( '76
4<>M7M M(' >< R5( X7::( ;(MUL(;(<R 'RD > 7<M@($R7>< >/ R5( @L>$(MM 7M
@>MM7:(D 5( '74<>MR7$ @L>:(; 5M R> ( M>:X(' U<'(L L(:6R7;( $><MRL7<RM [
(Z@:>7RR7>< >/ R5( 7</>L;R7>< 7<$:U'(' 7<  '[<;7$: ;>'(: <' 7< R5( R7;( (X>6
:UR7>< >/ R5( M74<:MD 5(L(/>L(& R5( R(L; 28/99 (%-/9(9 7M UM(' 7/ R5(M( M@($RM
M5>U:' ( (;@5M7M('D

 

     
 
       
 
  
 

      
      


+ '++ `A] ,>:CFX>X
I9 IO C]WF,`)]>FC ]F ,>:CFX>X C, 5`A]=]FA.WC] )FC]WFA

*'/19=* 9=396 >L /U:R6R>:(L<R $><RL>:& R5( :>$R7>< <' R5( ;4<7RU'( >/ R5(
/U:R 5X( R> ( />U<'D 7//(L(<R <;(M L( UM(' R> '7MR7<4U7M5 R5( '74<>MR7$ MR(@M
$$>L'7<4 R> R5(7L H'(@R5I%
% @-= ==*1/ ($7'( Y5(R5(L >L <>R  /U:R 5M >$$ULL('D 57M MR(@ '(R(L;7<(M
R5( R7;( R Y57$5 R5( M[MR(; 7M MU8($R R> M>;( /U:RD

% @-= *91-=*1/ 7<' 7< Y57$5 $>;@><(<R  /U:R 5M >$$ULL('D 57M MR(@ '(R(L6
;7<(M R5( :>$R7>< >/ R5( /U:RD

% @-= */=*#=*1/ / "@-= 9=*.=*1/ '(<R7/[ R5( /U:R <' (MR7;R( 7RM
;4<7RU'(D 57M MR(@ '(R(L;7<(M R5( 97<' >/ /U:R <' 7RM M(X(L7R[D

1/9*9=/D)9 *'/19*96 7//(L(<R '74<>MR7$ ;(R5>'M L( (Z@:7<(' R5L>U456


>UR R57M >>9D :R5>U45 R5([ UM( '7//(L(<R 97<'M >/ '[<;7$: ;>'(:M <' 5X( '7/6
/(L(<R MMU;@R7><M $><$(L<7<4 R5( ;(MUL(;(<R 7</>L;R7>< X7::(& R5([ />::>Y
 $>;;>< @L7<$7@:(& Y57$5 $< ( (Z@:7<(' [ UM7<4 R5( <>R7>< >/ R5( M[MR(; (6
5X7>ULD
< >L'(L R> ( :( R> '(R($R  /U:R& R5( ;(MUL(;(<R 7</>L;R7>< $( % :><(
7M <>R MU/0$7(<R& UR  L(/(L(<$(& Y57$5 '(M$L7(M R5( <>;7<: @:<R (5X7>UL& 7M
<($(MML[D 57M L(/(L(<$( 7M 47X(< [  @:<R ;>'(:& Y57$5 '(M$L7(M R5( L(:R7><
(RY((< R5( @>MM7:( 7<@UR M(EU(<$(M <' >UR@UR M(EU(<$(MD 57M ;>'(: 7M  L(@L(6
M(<RR7>< >/ R5( @:<R (5X7>UL D
5( 7'( >/ $><M7MR(<$[6M(' '74<>M7M M5>U:' ( (Z@:7<(' <>Y [ ;(<M >/
74D ?DT >< @4( 3D MMU;( R5R R5( $ULL(<R Q @7L $( % 7M L(@L(M(<R(' [ @>7<R
 7< R5( 04UL(D / R5( M[MR(; 7M /U:R:(MM A<' R5( ;>'(: 7M $>LL($RB R5(<  :7(M 7< R5(
M(R D >Y(X(L& 7/ R5( M[MR(; 7M /U:R[& 7R 4(<(LR(M  '7//(L(<R >UR@UR />L R5( 47X(<
7<@UR  D / R5( <(Y Q @7L $( % 7M L(@L(M(<R(' [ @>7<R & Y57$5 7M >URM7'( >/ 
R5(< R5( /U:R 7M '(R($R:(D / R5( /U:R[ M[MR(; @L>'U$(M R5( Q @7L L(@L(M(<R(' [
@>7<R & <> 7<$><M7MR(<$[ >$$ULM '(M@7R( >/ R5( /U:RD (<$(& R5( /U:R 7M <>R '(R($R('D
5( @L7<$7@:( >/ /-9(9>-F'9 (%-/9(9 7M R> R(MR Y5(R5(L >L <>R R5( ;(6
MUL(;(<R $( % 7M $><M7MR(<R Y7R5 R5( M[MR(; (5X7>ULD / R5( Q @7L 7M $5($9('
Y7R5 L(M@($R R> R5( <>;7<: M[MR(; (5X7>UL&  /U:R 7M '(R($R(' 7/ $( % 6) 
5>:'MD / R5( Q @7L 7M $><M7MR(<R Y7R5 R5( (5X7>UL ' >/ R5( M[MR(; MU8($R R>
R5( /U:R / & R5( /U:R / ;[ >$$ULD < R57M $M(& / 7M $::('  A+> -(>D 5(
'74<>MR7$ L(MU:R 7M UMU::[  M(R ! <  >/ /U:R $<'7'R(MD
> 7::UMRLR( R57M L(MU:R& MMU;( R5R R5( M[MR(; (5X7>UL 7M 9<>Y< />L R5( /U:RM
/2 & / <' /. D 5( $>LL(M@><'7<4 (5X7>ULM 2 &  <' . L( '7//(L(<R& UR R5([
UMU::[ >X(L:@& 7D(D R5(L( L( Q @7LM R5R ;[ >$$UL />L ;>L( R5< ><( /U:RD / R5(
Q @7L 7M L(@L(M(<R(' [ R5( @>7<RM &  >L  7< 74D ?D=& R5( /U:RM />U<' L( /2 &
/ >L /. & L(M@($R7X(:[D /& 5>Y(X(L& R5( ;(MUL(;(<R M(EU(<$(M L( L(@L(M(<R(' [
@>7<R & R5( M[MR(; ;[ ( MU8($R(' R> ><( >/ R5( /U:RM /2 >L / D 5( '74<>MR7$
:4>L7R5; $<<>R '7MR7<4U7M5 (RY((< R5(M( /U:RM ($UM( R5( ;(MUL(' Q @7L
;[ >$$UL />L >R5 /U:RMD (<$(& R5( ;74U7R[ >/ R5( '74<>MR7$ L(MU:R 7M $UM('
IO^ A.B.C]X F5 5`A]=]FA.WC] )FC]WFA I7

   




 

+ '+%+ WK<>)A >AA`X]W]>FC F5 ]<. XgX].B $.<d>F`W

[ R5( M[MR(; <' <>R [ R5( '74<>M(L& ($UM( R5( M[MR(; 4(<(LR(M R5( M;(
7</>L;R7>< />L >R5 /U:RMD > '74<>MR7$ ;(R5>' $< L(;>X( R57M ;74U7R[ [
;(<M >/ R5( 47X(< ;(MUL(;(<R 7</>L;R7>< $( %D 5( L(MU:R 7< R5( M(R  ! 
#/2 ( / $ >/ /U:R $<'7'R(MD
5( EU(MR7>< >/ Y5(R5(L >L <>R  $(LR7< /U:R $< ( '(R($R(' $><$(L<M R5( (%'
-/9(+(>F >L A+> >>(+(>F >/ R5( M[MR(;D 5(M( L( 7;@>LR<R M[MR(; @L>@(LR7(M&
Y57$5 Y7:: ( $><M7'(L(' 7< M(X(L: $5@R(LM >/ R57M >>9D
< MU;;L[& R5( '74<>MR7$ @L7<$7@:( $< ( '(M$L7(' M />::>YMD

1/9*9=/D)9 *'/19*9
>L 47X(< ;>'(:M R5R '(M$L7( R5( (5X7>UL ' >/ R5( M[MR(; MU8($R R> R5( /U:RM
/ )  & R(MR Y5(R5(L R5( Q @7L $( % MR7M0(M R5( L(:R7><
$( % ) ' E

% @-= ==*1/ / R5( Q @7L 7M 7<$><M7MR(<R Y7R5 R5( (5X7>UL 2 >/ R5(
/U:R:(MM M[MR(;
$( % 6) 2
R5(<  /U:R 7M 9<>Y< R> 5X( >$$ULL('D
% @-= *91-=*1/ / */=*#=*1/ / R5( Q @7L 7M $><M7MR(<R Y7R5 R5( (6
5X7>UL ' &
$( % ) '
R5(< R5( /U:R / ;[ 5X( >$$ULL('D / 7M  /U:R $<'7'R(D

> '74<>M(  M[MR(; [ R(MR7<4 R5( $><M7MR(<$[ >/ R5( ;(MUL(;(<RM Y7R5  ;>'(:
7M  4(<(L: 7'(& Y57$5 '>(M <>R '(@(<' >< R5( 97<' >/ ;>'(: UM('D
(X(L: '7L($R $><M(EU(<$(M >/ R57M @L7<$7@:( M5>U:' ( ;(<R7><('%
% U:R '(R($R7>< 7M @>MM7:( Y7R5>UR <[ 7</>L;R7>< >UR R5( (5X7>UL >/ R5(
/U:R[ @:<RD U:R '(R($R7>< :4>L7R5;M UM( ><:[  ;>'(: >/ R5( <>;7<: @:<RD
5( ;7< 7'( 7M R> 7'(<R7/[ '(X7R7><M >/ R5( $ULL(<R M[MR(; (5X7>UL /L>; R5(
<>;7<: (5X7>UL& Y57$5 7M @>MM7:( Y7R5>UR  :7MR >/ :: @>MM7:( /U:RMD
I[ IO C]WF,`)]>FC ]F ,>:CFX>X C, 5`A]=]FA.WC] )FC]WFA

% 7R5>UR 7</>L;R7>< >UR R5( /U:RM <' >UR R5( Y[ 7< Y57$5 R5( /U:RM //($R
R5( M[MR(;& <> /U:R 7M>:R7>< <' 7'(<R70$R7>< 7M @>MM7:(D < >L'(L R> 7'(<R7/[
R5( /U:R& /U:R ;>'(:M 5X( R> ( 9<>Y<D
% ><M7MR(<$[6M(' '74<>M7M E+A9 /U:RM / )  M /U:R $<'7'R(MD 5(L(
7M <> @>MM77:7R[ R> 28/C R5R  $(LR7< /U:R 7M @L(M(<RD 57M Y>U:' <($(MM7RR(
/ULR5(L MMU;@R7><M :79( R5( MMU;@R7>< R5R R5( @L(M(<R /U:R / 7M < (:(;(<R >/
 47X(< /U:R M(R  D >L (Z;@:(& MU$5 < MMU;@R7>< 5>:'M RLU( 7/ R5( /U:RM $<
( L(MRL7$R(' R> (  M(<M>L /U:RD
% 7R5  47X(< ;(MUL(;(<R $><04ULR7><& <>R :: /U:RM $< ( '7MR7<4U7M5('D 76
4<>M7:7R[ $><M7'(LR7><M $< ( UM(' R> '(R(L;7<( R5>M( /U:RM R5R $< ( M(@6
LR(:[ 7'(<R70('D
><M7MR(<$[6M(' '74<>M7M $><$(L<M R5( $>;@L7M>< >/ R5( ;(MUL(' Q @7L
Y7R5  @:<R ;>'(:D >L '7M$L(R(6(X(<R M[MR(;M R57M $>;@L7M>< 7M '><( 7<  '7L($R
Y[ M '(M$L7(' 7< 5@R(L +D >L $><R7<U>UM6XL7:( M[MR(;M R5( UMU: Y[ >/
$>;@L7M>< $><M7MRM 7< UM7<4 R5( '7//(L(<$( (RY((< R5( M[MR(; <' R5( ;>'(: >UR6
@UR 7< R5( Y[ (Z@:7<(' (:>YD

*'/19*9 1" 1/=*/@1@9)A8*- 9D9=.96 ><R7<U>UM6XL7:( M[MR(;M& Y57$5


Y7:: ( 7<X(MR74R(' 7< 5@R(L P& L( UMU::[ '(M$L7(' [ '7//(L(<R7: (EUR7><M
>L RL<M/(L /U<$R7><MD 7R5 R5(M( ;>'(:M& R5( @L7<$7@:( >/ $><M7MR(<$[6M(' '746
<>M7M $< ( RL<M/>L;(' 7<R> R5( M$5(;( M5>Y< 7< 74D ?D?]D 5( ;>'(: 7M UM('
R> '(R(L;7<(& />L R5( ;(MUL(' 7<@UR M(EU(<$(  & R5( ;>'(: >UR@UR M(EU(<$( D
5( $><M7MR(<$[ >/ R5( M[MR(; Y7R5 R5( ;>'(: $< ( $5($9(' R (X(L[ R7;( P [
'(R(L;7<7<4 R5( '7//(L(<$(
K$P%  Y$P% 4 Y $P%(
Y57$5 7M $::('  89(A+D < R5( /U:R:(MM $M(& R5( L(M7'U: X<7M5(M >L 7M $:>M( R>
\(L>D  <><6X<7M57<4 L(M7'U: 7<'7$R(M R5( (Z7MR(<$( >/  /U:RD
74<>MR7$ :4>L7R5;M />L $><R7<U>UM6XL7:( M[MR(;M 4(<(L::[ $><M7MR >/ RY>
$>;@><(<RM%
?D 9*@- '/8=*1/ 5( ;>'(: <' R5( Q @7L L( UM(' R> '(R(L;7<( L(M7'6
U:M& Y57$5 '(M$L7( R5( '(4L(( >/ $><M7MR(<$[ (RY((< R5( @:<R <' R5( ;>'(:
(5X7>ULD

TD 9*@- A-@=*1/ 5( L(M7'U: 7M (X:UR(' 7< >L'(L R> '(R($R& 7M>:R( <'
7'(<R7/[ /U:RMD
< >R5 MR(@M& ;>'(: U<$(LR7<R7(M& '7MRUL<$(M <' ;(MUL(;(<R <>7M( 5X( R> (
R9(< 7<R> $$>U<RD
74UL( ?D?] M5>YM R5( /$R ;(<R7><(' (L:7(L R5R /U:R6R>:(L<R $><RL>: (;@:>[M
-+F>(+ 8A--FD 5( ;>'(: 7M < 7<R(4L: @LR >/ R5( '74<>MR7$ M[MR(;D 5(
L(M7'U: 7M />U<' [ UM7<4 ;>L( R5< ><( Y[ />L '(R(L;7<7<4 R5( XL7:( YD 5(
M(<M>L X:U( Y 7M $>;@L(' Y7R5 R5( <:[R7$::[ $>;@UR(' X:U( Y D 57M @L>$('UL(
IO^ A.B.C]X F5 5`A]=]FA.WC] )FC]WFA IZ

 

 
  


   


    
      

+ '+'9+ >:CFX>X F5 )FC]>C`F`X=dW>$A. XgX].BX

X>7'M @5[M7$: L('U<'<$[ Y5(L( ;>L( R5< ><( M(<M>L 7M UM(' R> 4(R /U:R 7<'7$6
R>LMD

/8- 38138=*9 1" *'/19=* -'18*=(.96 >;( /ULR5(L 4(<(L: L(;L9M


M5>U:' ( ;'( $><$(L<7<4 @L$R7$: @L>:(;M (<$>U<R(L(' 7< @L>$(MM '74<>M7MD
7LMR& R5( (5X7>UL >/  '[<;7$: M[MR(; '>(M <>R ><:[ '(@(<' >< R5( 7<@UR UR
:M> >< R5( 7<7R7: MRR(D < 74D ?D+ R5( 7<7R7: MRR( >/ R5( @:<R 7M '(<>R(' [ 92 <'
R5R >/ R5( ;>'(: [ 9 2 D <$><M7MR(<$7(M ;[ L(MU:R /L>;  '(X7R7>< >/ >R5 7<7R7:
MRR(MD M R5( 7<7R7: MRR( >/ R5( M[MR(; 7M UMU::[ 7;;(MUL:(& (X(L[ '74<>MR7$
@L>:(; 7<$:U'(M  97<' >/ MRR( >M(LXR7>< @L>:(;D
($><'& R5( '7MRUL<$( ) R5R 7<2U(<$(M R5( @:<R 7M UMU::[ 7;;(MUL:(D M 7R
7<2U(<$(M R5( @:<R (5X7>UL& 7R 5M R> ( R9(< 7<R> $$>U<R 7< R5( $><M7MR(<$[
$5($9D >L $><R7<U>UM6XL7:( M[MR(;M& R57M @L>:(; ;[ ( M>:X(' />L $(LR7<
$:MM(M >/ '7MRUL<$(M [ 7<$:U'7<4 0:R(LM 7<R> R5( L(M7'U: (X:UR7>< :>$9D

@-= *'/19*9 "18 "@-=)=1-8/= 1/=81-6 < /U:R6R>:(L<R $><RL>:& R5( 7</>L;6
R7>< >R7<(' /L>; R5( '74<>MR7$ :4>L7R5; M5>U:' ( UM(' 7< R5( $><RL>::(L L(6
'(M74<D (<$(& @L>$(MM '74<>M7M M5>U:' <>R ><:[ 7<'7$R( R5R M>;( /U:RM 5X( >$6
$ULL(' UR 7R 5M R> 7'(<R7/[ R5( /U:R :>$R7><M <' /U:R ;4<7RU'(M Y7R5 MU/0$7(<R
@L($7M7><D 57M 7</>L;R7>< Y7:: ;9( 7R @>MM7:( R> M(R U@  ;>'(: >/ R5( /U:R[
M[MR(;& Y57$5 $< ( UM(' 7< R5( $><RL>::(L L(6'(M74<D
U:R 7M>:R7>< <' /U:R 7'(<R70$R7>< L( (MM(<R7: />L $R7X( /U:R6R>:(L<R $><RL>:D
57M $><RLMRM Y7R5 M/(R[ M[MR(;M />L Y57$5 R5( 7</>L;R7>< >UR R5( (Z7MR(<$(
>/ M>;( AU<M@($70('B /U:R 7M MU/0$7(<RD 57M /$R M5>YM <>R5(L '7//(L(<$( >/ R5(
;(MUL(M R> ( R9(< />L /U:R R>:(L<$( >L />L M/(R[& L(M@($R7X(:[D
I2 IO C]WF,`)]>FC ]F ,>:CFX>X C, 5`A]=]FA.WC] )FC]WFA

26>6> */ *9 1" 1/=81--8 8)9*'/

><RL>::(L L(6'(M74< $><M7'(LM R5( @L>:(; >/ $5<47<4 R5( $><RL>: MRLU$RUL( <'
R5( $><RL>: :Y /R(L  /U:R 5M >$$ULL(' 7< R5( @:<RD 5( 7; 7M R> MR7M/[ R5(
L(EU7L(;(<RM >< R5( $:>M('6:>>@ M[MR(; '(M@7R( >/ R5( /U:R[ (5X7>UL >/ R5( @:<RD

                 
               

       

   
 
 

+ '+''+ .<d>F`W F5 ]<. 5`A]A.XX C, 5`A]g )AFX.,=AFFK XgX].B

5( <($(MM7R[ <' 7; >/ R5( $><RL>::(L L(6'(M74< $< ( 7::UMRLR(' Y7R5>UR L(/6
(L(<$( R>  @LR7$U:L $:MM >/ M[MR(;M [ UM7<4 47< R5( <>R7>< >/ R5( M[MR(; (6
5X7>UL A74D ?D??BD 5( /U:R:(MM @:<R 5M R5( (5X7>UL 2 <' R5( $><RL>::(L R5(
(5X7>UL  D 5( M(R  '(M$L7(M R5( Q @7LM $( % R5R MR7M/[ R5( $><RL>:
:YD 7<$( R5( Q @7LM >/ R5( $:>M('6:>>@ M[MR(; L( $><M7MR(<R Y7R5 >R5 R5( @:<R
<' R5( $><RL>::(L& R5( (5X7>UL >/ R5( $:>M('6:>>@ M[MR(; 7M 47X(< [ R5( 7<R(L6
M($R7>< 2 .  & Y57$5 7M 'LY< 7< 4L([ >< R5( :(/R65<' M7'( >/ R5( 04UL(D 57M
(5X7>UL MR7M0(M R5( $><RL>: M@($70$R7><M& Y57$5 :79(Y7M( $< ( />L;U:R(' 7<
R5( (5X7>UL: M(RR7<4 M R5( M(R (! >/ R5>M( Q @7LM R5R ;((R R5(M( L(EU7L(6
;(<RMD RM >L'(L 7M 'LY< [ R5( R57$9 L($R<4:( 7< R5( 04UL(D M R5( 4L([ M(R :7(M
$>;@:(R(:[ Y7R57< R5( M(R (!
2 .  : (!
R5( $:>M('6:>>@ M[MR(;M MR7M0(M R5( @(L/>L;<$( M@($70$R7><MD
/ R5( @:<R ($>;(M /U:R[& 7R $5<4(M 7RM (5X7>UL& Y57$5 7M <>Y 47X(< [ R5(
M(R  D (<$(& R5( $:>M('6:>>@ M[MR(; (5X7>UL $5<4(M R> ($>;(  .  & Y57$5
;[ <> :><4(L (  MUM(R >/ (! D < R5( L745R65<' M7'( >/ R5( 04UL(& R57M M7R6
UR7>< >$$ULM ($UM( R5( 4L([ M(R ><:[ @LR:[ >X(L:@M Y7R5 R5( M(R (! D (<$(&
R5( $><RL>::(L 5M R> ( L(6'(M74<(' 7< >L'(L R> L(MRL7$R R5( (5X7>UL >/ R5( /U:R[
M[MR(; R> R5( M(R (! D 57M (Z@:7<M R5( <($(MM7R[ >/ R5( $><RL>::(L L(6'(M74< /L>;
R5( (5X7>UL: X7(Y@>7<RD
5( 04UL( :M> M5>YM R5R /U:R R>:(L<$( ;[ >L ;[ <>R ( @>MM7:( '(@(<'7<4
>< R5( @L>@(LR7(M >/ R5( /U:R[ M[MR(;D / R5( (5X7>UL  >X(L:@M Y7R5 R5( M@($70('
(5X7>UL (! &  $><RL>::(L ;[ ( />U<' R5R L(MRL7$RM R57M M(R R>  <(Y M(R  .
Y57$5 MR7M0(M R5( L(:R7><
 .  : (!
A$/D 74D ?D?TBD 57M $><RL>::(L ;9(M 7R @>MM7:( R> 5>:' R5( /U:R[ M[MR(; 7< >@(L6
R7><D 5(< '@R7<4 R5( $><RL>::(L @L;(R(L R> R5( /U:R[ @:<R& R5( M(R  $<<>R
IO^ A.B.C]X F5 5`A]=]FA.WC] )FC]WFA ID

   

 
 

+ '+'2+ .<d>F`WA W.KW.X.C]]>FC F5 5`A] ))FBBF,]>FC

( $5>M(< L7RLL7:[ ($UM( L(MRL7$R7><M $><$(L<7<4 R5( L(:7M7:7R[ >/ R5( $><RL>:
:Y 5X( R> ( MR7M0('D 5(M( L(MRL7$R7><M L7<4 >UR /ULR5(L '7/0$U:R7(M 7<R> R5(
/U:R6R>:(L<R $><RL>: @L>:(;D
5(L( ;[ ( /U:RM& />L Y57$5 R5( (5X7>UL  '>(M <>R >X(L:@ Y7R5 (! D 5(<
 <(Y $><RL>: $><04ULR7>< 5M R> ( $5>M(<& Y57$5 $5<4(M R5( M74<:M U<'(L $><6
M7'(LR7>< <'& 5(<$(& R5( (5X7>UL >/ R5( @:<RD 5(L( ;[ (X(< ( /U:RM />L Y57$5
<> $><RL>::(L $< ;9( R5( $:>M('6:>>@ M[MR(; MR7M/[ R5( M@($70$R7>< <' R5( M[M6
R(; 5M R> ( M5UR >//D (<$(& R5( EU(MR7>< Y5(R5(L  /U:R6R>:(L<R $><RL>::(L (Z7MRM
7M <>R  @L>@(LR[ >/ R5( $><RL>::(L >L R5( $><RL>: L(6'(M74< ;(R5>'& UR  @L>@(LR[ >/
R5( @:<R MU8($R R> /U:RMD < 7::UMRLR7X( (Z;@:( />L < U<M>:X:( /U:R6R>:(L<R
$><RL>: @L>:(; 7M R> $><M7'(L  @:<R Y5>M( U<MR:( ;>'(M ($>;( U<$><RL>:::(
>L U<>M(LX:( 'U( R> /U:RMD 5(< <> $><RL>::(L (Z7MRM Y57$5 MR7:7M(M R5( /U:R[
@:<RD
Y> @L7<$7@: Y >/ $><RL>::(L L(6'(M74< 5X( R> ( '7MR7<4U7M5('& Y57$5 L(
'(M$L7(' 7< ;>L( '(R7: <>Y% /U:R $$>;;>'R7>< <' $><RL>: L($><04ULR7><D

   
 
   
         

       
     

 
 

           

+ '+'1+ `A] ))FBBF,]>FC

@-= 1..1=*1/6 U:R $$>;;>'R7>< ;(<M R> '@R R5( $><RL>::(L @L;6
(R(LM R> R5( '[<;7$: @L>@(LR7(M >/ R5( /U:R[ @:<RD 5( 7<@UR <' >UR@UR >/ R5( @:<R
UM(' 7< R5( $><RL>: :>>@ L(;7< R5( M;( M />L R5( /U:R:(MM $M( A74D ?D?SBD (<$(&
_i IO C]WF,`)]>FC ]F ,>:CFX>X C, 5`A]=]FA.WC] )FC]WFA

R5( M(R  5 >/ 7<@UR <' >UR@UR M(EU(<$(M 7M <>R $5<4(' <' /U:R $$>;;>'R7><
7M R5( M7RUR7>< 7::UMRLR(' [ 74D ?D?TD
 M7;@:( UR Y(:: (MR:7M5(' Y[ >/ /U:R $$>;;>'R7>< 7M M(' >< @L(6
'(M74<(' $><RL>::(LM& ($5 >/ Y57$5 5M ((< M(:($R(' >//6:7<( />L  M@($70$ /U:RD
5( L(6'(M74< MR(@ R5(< M7;@:[ M(RM R5( MY7R$5 ;><4 R5( '7//(L(<R $><RL>: :YMD
57M MR(@ 7M EU7$9 <' $< ;((R MRL><4 L(:6R7;( $><MRL7<RMD >Y(X(L& R5( $><6
RL>::(L L(6'(M74< 5M R> ( ;'( />L :: @>MM7:( /U:RM (/>L( R5( M[MR(; 7M @UR 7<R>
>@(LR7>< <' :: L(MU:R7<4 $><RL>::(LM 5X( R> ( MR>L(' 7< R5( $><RL>: M>/RYL(D
>L( 4(<(L: Y >/ /U:R $$>;;>'R7>< Y7:: ( (Z@:7<(' 7< 5@R(L PD

1/=81- 81/#'@8=*1/6 / /U:R $$>;;>'R7>< 7M 7;@>MM7:(& R5( $>;@:(R( $><6


RL>: :>>@ 5M R> ( L($><04UL('D ($><04ULR7>< 7<$:U'(M R5( M(:($R7>< >/  <(Y
$><RL>: $><04ULR7>< Y5(L( :R(L<R7X( 7<@UR <' >UR@UR M74<:M L( UM('D 5( M(:($6
R7>< >/ R5(M( M74<:M '(@(<'M U@>< R5( (Z7MR7<4 /U:RMD 5(<&  <(Y $><RL>: :Y 5M
R> ( '(M74<(' ><6:7<( A74D ?D?3BD


             
  
    

     


       

 

   
   
        


     
      
 
 



     


+ '+'+ FC]WFA W.)FC6:`W]>FC

><RL>: L($><04ULR7>< 7M <($(MML[ /R(L M(X(L( /U:RM 5X( >$$ULL(' R5R :(' R>
M(L7>UM MRLU$RUL: $5<4(M >/ R5( @:<R '[<;7$M%
% /918 "*-@89 L(9 R5( 7</>L;R7>< :7<9 (RY((< R5( @:<R <' R5( $><RL>::(LD
5([ ;[ ;9( R5( @:<R @LR7::[ U<>M(LX:(D :R(L<R7X( ;(MUL(;(<RM 5X(
R> ( M(:($R(' <' UM(' 7< >L'(L R> M>:X( R5( $><RL>: RM9D

% =@=18 "*-@89 '7MRUL R5( @>MM77:7R7(M R> 7<2U(<$( R5( @:<RD 5([ ;[ ;9(
R5( @:<R @LR7::[ U<$><RL>:::(D :R(L<R7X( $RUR>LM 5X( R> ( UM('D
IO^ A.B.C]X F5 5`A]=]FA.WC] )FC]WFA _I

% -/= "@-=9 $5<4( R5( '[<;7$: (5X7>UL >/ R5( @L>$(MMD / R5(M( $5<4(M
$<<>R ( R>:(LR(' [ <[ $><RL>: :Y& R5( >X(L:: $><RL>: :>>@ 5M R> ( L($><6
04UL('D
5( <($(MM7R[ >/ $><RL>: L($><04ULR7>< 7M @LR7$U:L:[ >X7>UM 7/ M(<M>L >L $RUR>L
/7:UL(M L( $><M7'(L('D / R5(M( $>;@><(<RM /7: $>;@:(R(:[& R5( /U:R :('M R> 
L(96'>Y< >/ R5( $><RL>: :>>@D 5(L( 7M <> @>MM77:7R[ R> '@R R5( $><RL>::(L [
M7;@:[ $5<47<4 7RM @L;(R(LM R> R5( /U:R[ M7RUR7><D <MR('& :R(L<R7X( $RUR>LM
>L M(<M>LM 5X( R> ( />U<'& Y57$5 L( <>R //($R(' [ R5( /U:R <' Y57$5 5X(
M7;7:L 7<R(L$R7><M Y7R5 R5( @:<R M> R5R  L(M><:[ M(:($R(' $><RL>::(L 7M :( R>
MR7M/[ R5( @(L/>L;<$( M@($70$R7><M >< R5( $:>M('6:>>@ M[MR(;D

-)=*. 93=9 1" "@-= 1..1=*1/ / 1/=81- 81/#'@8=*1/6 >R5


/U:R $$>;;>'R7>< <' $><RL>: L($><04ULR7>< 7;@:[ R5( ><6:7<( L(6'(M74< >/ R5(
$><RL>::(L& Y57$5 7M L(;7<7M$(<R >/ R5( Y(:: 9<>Y< $><RL>::(L '(M74<D >Y(X(L& :6
R5>U45 R5([ ;[ UM( Y(:: 9<>Y< '(M74< ;(R5>'M& R5([ :M> @>M( <(Y @L>:(;M R5R
'7' <>R @@(L 7< R5( UMU: $><RL>::(L '(M74< @L>:(;& M7<$( R5([ 5X( R> ( $LL7('
>UR U<'(L <(Y L(MRL7$R7><M%
% 5( '(M74< @L>$(MM 5M R> ( $>;@:(R(:[ UR>;R7$& 7D(D Y7R5>UR 7<R(L$R7>< Y7R5
 5U;< '(M74<(LD
% 5( ;(R5>'M UM(' />L /U:R $$>;;>'R7>< <' $><RL>: L($><04ULR7>< 5X( R>
4UL<R((  M>:UR7>< R> R57M '(M74< @L>:(; (X(< 7/ R5( @(L/>L;<$( 7M <>R >@R7;:D
% U:R $$>;;>'R7>< <' $><RL>: L($><04ULR7>< 5X( R> ( '><( U<'(L L(:6R7;(
$><MRL7<RMD
5( L(:6R7;( $><MRL7<RM $< ( M((< /L>;  '(R7:(' <:[M7M >/ R5( R7;( M(EU(<$(
R5R R9(M @:$( (RY((< R5( >$$ULL(<$( >/  /U:R <' 7RM L($>X(L[ A7D(D R5( R7;(
Y5(< R5( $$>;;>'R(' >L L($><04UL(' $><RL>: R5R MR7M0(M R5( $><RL>: >8($R7X(M
7M @@:7('BD 5( />::>Y7<4 R7;( Y7<'>YM $< ( '7MR7<4U7M5('%
?D (/>L( R5( /U:R >$$ULL(<$(& R5( <>;7<: M[MR(; 7M $><RL>::(' UM7<4 R5( <>;7<:
$><RL>:& R5( $><RL>: >8($R7X(M L( MR7M0('D
TD (RY((< /U:R >$$ULL(<$( <' /U:R L($>X(L[& R5( /U:R[ M[MR(; 7M $><RL>::('
UM7<4 R5( <>;7<: $><RL>: :Y& <' $><RL>: >8($R7X(M L( 7< 4(<(L: <>R MR7M0('&
/>L (Z;@:( R5( M[MR(; ;[ (X(< ($>;( U<MR:(D
SD /R(L R5( /U:R L($>X(L[ R7;(& R5( /U:R[ M[MR(; 7M $><RL>::(' UM7<4 R5( $$>;6
;>'R(' >L L($><04UL(' $><RL>:& R5( M[MR(; >8($R7X(M L( MR7M0(' 47<D
5( M($><' @>7<R >X( 7M $L7R7$:& <' R5( MM>$7R(' R7;( Y7<'>Y M5>U:' (
;'( M M5>LR M @>MM7:(D >R( R5R R57M R7;( Y7<'>Y >$$ULM 'U( />L R5L(( L(M><M%
% U:R '(R($R7>< <' 7M>:R7>< '(:[
% U:R (MR7;R7>< '(:[
% (:[ />L R5( L(6'(M74< >/ R5( $$>;;>'R(' >L L($><04UL(' $><RL>:D
5( /U:R '(R($R7>< <' 7M>:R7>< '(:[ 7M U<X>7':( 7< $R7X( /U:R6R>:(L<R $><6
RL>:D 5( /U:R (MR7;R7>< '(:[ 7M U<X>7':( Y5(< ><6:7<( /U:R $$>;;>'R7>< 7M
__ IO C]WF,`)]>FC ]F ,>:CFX>X C, 5`A]=]FA.WC] )FC]WFA

UM('& M7<$( R5( ;>'(: >/ R5( /U:R[ M[MR(; ;UMR ( 7'(<R70(' />L R5( $><RL>: :4>6
L7R5; R> ( $$>;;>'R('D 57M '(:[ 7M X>7'(' 7/ L($><04ULR7>< 7M UM('& M7<$( />L
L($><04UR7>< 7R 7M MU/0$7(<R R> 9<>Y Y57$5 $>;@><(<R 7M /U:R[ R> MY7R$5 7R >// <'
L(@:$( 7R [ <>R5(L $>;@><(<RD :R(L<R7X( $><RL>: $><04ULR7><M $< ( '(M74<('
>//6:7<(& L('U$7<4 R5( ><6:7<( RM9 R> MY7R$57<4 ;><4 R5(M( $><RL>::(LMD 7<::[& R
R5( L($>X(L[ R7;(& 7D(D ><$( $><RL>: L(6'(M74< 5M ((< $57(X('& MY7R$57<4 /L>; R5(
<>;7<: R> R5( $$>;;>'R(' >L L($><04UL(' $><RL>: M5>U:' ( '><( 7<  U;@:(MM
Y
U:R $$>;;>'R7>< <' $><RL>: L($><04ULR7>< 7M  L($(<R:[ MRLR(' MU8($R >/
/U:R6R>:(L<R $><RL>:D 5(L( L( M(X(L: @L>;7M7<4 M>:UR7><M& Y57$5 L( MU;;L7M('
7< R57M >>9D < @LR7$U:L& 5@R(L 3 '(M$L7(M ;(R5>'M />L /U:R @L>@4R7>< <:[6
M7M& Y57$5 $< ( UM(' R> 0<' >UR Y5(L( R5( /U:R @L>@4R7>< $< ( MR>@@('D 5(
MRLU$RUL: <:[M7M (Z@:7<(' 7< 5@R(L 1 M5>YM R5( L('U<'<$7(M R5R $< ( UM('
/>L L($><04ULR7><D @($70$ ;(R5>'M />L $><R7<U>UM6XL7:( @:<RM L( (Z@:7<('
7< 5@R(L OD

26>6&  38=*- A*B 1/ "@-=)=1-8/= 1/=81-

57M M($R7>< R9(M  X7(Y >< /U:R6R>:(L<R $><RL>: /L>;  @L$R7$: @(LM@($R7X( <'
(;@5M7M(M R5( @>MM7:( 0(:'M >/ @@:7$R7><D

(D9*- 8@//D A96 /-D=*- 8@//D6 5( ;7< 'X<R4( >/ /U:R6
R>:(L<R $><RL>: >X(L >R5(L ;(MUL(M />L /U:R R>:(L<$( 7M R5( /$R R5R /U:R6R>:(L<R
$><RL>: ;9(M H7<R(::74(<RI UM( >/ R5( L('U<'<$7(M 7<$:U'(' 7< R5( M[MR(; <' 7<
R5( 7</>L;R7>< >UR R5( M[MR(; 7< >L'(L R> 7<$L(M( R5( M[MR(; X7:7:7R[D 5(
>>9 '(M$L7(M M[MR(;R7$ Y >/ /U:R6R>:(L<R $><RL>:& Y57$5 47X( (RR(L M>:UR7><M
R5< '65>$ (<47<((L7<4 M(' >< (Z@(L7(<$( <' @L>$(MM 9<>Y:('4(D R UR7:7M(M <
<:[R7$ L('U<'<$[& Y57$5 7M $5(@(L R5< 'U@:7$R7<4 :: XU:<(L:( $>;@><(<RMD
>R( R5R R5( @L7<$7@:( >/ L(:77:7R[ R5(>L[ R> U7:'  L(:7:( M[MR(; [ UM7<4 :(MM
L(:7:( $>;@><(<RM 7M @@:7$:( ><:[ 7/ ;>L( $>;@><(<RM L( UM(' R5< <($(MML[
/>L  47X(< /U<$R7><D U:R6R>:(L<R $><RL>: '>(M <>R :Y <($(MM7RR( 'U@:7$R7><
>/ $>;@><(<RM UR $5<4(M $>;@><(<RM A$><RL>::(LMB /R(L /U:RM 5X( >$$ULL('D
U:R R>:(L<$( <($(MM7RR(M L('U<'<$7(MD <( <(('M L('U<'<$7(M R> '(R($R /U:RM
[ ;(MUL7<4 :: 7<@UR <' >UR@UR M74<:MD 5(M( ;(MUL(;(<RM @L>X7'( ;>L( 7</>L6
;R7>< R5< R5( M>:( ;(MUL(;(<RM >/ R5( 7<@UR& Y57$5 L( MU/0$7(<R />L @L('7$R7><
RM9MD < R5( >R5(L 5<'& L('U<'<R M(<M>LM >L $RUR>LM L( <($(MML[ />L $><RL>:
L($><04ULR7><D >Y(X(L& R57M '>(M <>R ;(< R5R :: M(<M>LM >L $RUR>LM 5X( R> (
7;@:(;(<R(' 7< 'U@:7$R(D <( ''7R7><: M(<M>L >L $RUR>L ;[ @L>X7'( <:[R7$:
L('U<'<$[ />L (X(L[ M7<4:( M(<M>L >L $RUR>L /U:RD

8"18./ '8=*1/6 < $(LR7< @L$R7$: M7RUR7><M R5( @(L/>L;<$( M@($706


$R7><M />L R5( /U:R[ M[MR(; ;[ ( L('U$(' 7< $>;@L7M>< R> R5( /U:R:(MM M[MR(;D
IO9 W)<>].)]`W. F5 5`A]=]FA.WC] )FC]WFA _^

:(L:[& R5( Y(9(L R5( @(L/>L;<$( M@($70$R7><M L( R5( :L4(L $< R5( R>:(L:(
/U:RM (D

.3-./==*1/6 <>R5(L 7;@>LR<R 7MMU( L(MU:RM /L>; R5( /$R R5R /U:R6R>:(L<R
$><RL>: ;(R5>'M $<<>R ( MU/0$7(<R:[ R(MR(' 7< >@(LR7>< A7< $><RLMR R> $><RL>:
;(R5>'M />L R5( <>;7<: M[MR(;B& ($UM( U<'(L @L$R7$: $7L$U;MR<$(M 7R 7M UMU6
::[ 7;@>MM7:( R> @L>X>9( /U:RM 7< R5( @:<R 7< >L'(L R> R(MR R5( L($R7>< >/ R5(
$><RL>: M[MR(;D R 7M& R5(L(/>L(& >/ 5745 @L$R7$: 7;@>LR<$( R5R R5( >>9 @L(M(<RM
M[MR(;R7$ M>:UR7><M R> R5( <:[M7M <' '(M74< MR(@M 7<$:U'(' 7< /U:R6R>:(L<R $><6
RL>:& Y5>M( X:7'7R[ $< ( @L>X(' U<'(L R5( 47X(< MMU;@R7><MD 5( 7;@:(;(<RR7><
>/ R5( :4>L7R5;M 7< R5( $><RL>: (EU7@;(<R 7M <>R R5( MU8($R >/ R57M >>9D > X>7'
/U:RM 7< R57M MR(@& ;(R5>'M />L X(L70$R7>< >/ $><RL>: :4>L7R5;M& />L /U:R6R>:(L<R
$>;@UR7<4 <' />L /U:R6R>:(L<R $>;;U<7$R7>< 5X( R> ( UM('D

A8*=D 1" "@-=96  @L7<$7@: HR5L(M5>:'I />L $57(X7<4 /U:R R>:(L<$( 7M R5( /$R
R5R <> ;(R5>' $< 4UL<R((  $>;@:(R( '(M$L7@R7>< >/ :: @>MM7:( /U:RM >/  M[M6
R(;D (<$(& ?]]C6/U:R R>:(L<$( 7M 7;@>MM7:(D >Y(X(L& />L ;<[ @@:7$R7><M&
$>;@:(R( /U:R R>:(L<$( 7M <>R <($(MML[D  L(M><:( @@:7$R7>< >/ /U:R6R>:(L<R
$><RL>: MRLRM Y7R5 R5( M(:($R7>< >/ R5( ;>MR $L7R7$: /U:RM <' $><R7<U(M Y7R5 R5(
7<X(MR74R7>< >/ /U:R R>:(L<$( 47<MR R5(M( /U:RMD
<M74<70$<R /U:RM L( '7/0$U:R R> '(R($R UR (M[ R> $>;@(<MR( />L& Y5(L(M M(6
X(L( /U:RM L( (M[ R> 7'(<R7/[ UR '7/0$U:R R> 5<':(D 57M (Z@(L7(<$( U<'(L:7<(M R5(
7;@>LR<$( >/ /U:R '74<>M7M />L /U:R6R>:(L<R $><RL>:D

)+ -!114- ( 4$1 1($-&1 (&1-($

26&62 8(*==@8- 13=*1/9

5( L$57R($RUL( >/ /U:R6R>:(L<R $><RL>: '(M$L7(M Y57$5 $>;@><(<RM >/ R5( @:<R&
R5( $><RL>::(L <' R5( '74<>MR7$ M[MR(; Y>L9 R>4(R5(L <' Y57$5 7</>L;R7>< 7M
(Z$5<4(' ;><4 R5(M( $>;@><(<RMD R 7M '(R(L;7<(' [ '7//(L(<R @L$R7$: M@($RM
:79( R5( X7:7:7R[ >/ $>;@UR(L L(M>UL$(M& R5( $5L$R(L >/ R5( M[MR(; R> ( $><6
RL>::('& Y57$5 $< 5X(  :L4( @5[M7$: M7\( >L ;[ (  M;:: M7<4:( (<R7R[& <'
R5( M>/RYL( MRLU$RUL( UM('D 5(M( M@($RM Y7:: ( $><M7'(L(' 7< R57M >>9 ><:[ Y7R5
L(M@($R R> R5( $><M(EU(<$(M />L R5( '74<>MR7$ <' $><RL>: L(6'(M74< ;(R5>'MD
5( R[@7$: M7RUR7><& Y57$5 7M ;7<:[ $><M7'(L(' 7< R5( :7R(LRUL( >< /U:R6R>:(L<R
$><RL>:& $><$(L<M R5( , 9F9>,9 228/&& Y5(L( R5( '74<>MR7$ <' R5(
$><RL>::(L L(6'(M74< RM9M L( $$>;@:7M5(' ><  M7<4:( $>;@UR(L >L'& Y57$5 7M
'7L($R:[ $><<($R(' R> R5( M[MR(; R> ( $><RL>::('D :: ;(MUL(;(<R 7</>L;R7>< 7M
X7::( >< R57M >L' <'& 5(<$(& :: :4>L7R5;M $< UR7:7M( :: 7</>L;R7><D 57M 7M
R5( M7RUR7>< M5>Y< 7< 74MD ?D+& ?D?S <' ?D?3& Y5(L( R5(L( 7M  M7<4:( $>;@><(<R
/>L ($5 RM9 <' :: LL>YM L(@L(M(<R @(L/($R 7</>L;R7>< :7<9MD
_9 IO C]WF,`)]>FC ]F ,>:CFX>X C, 5`A]=]FA.WC] )FC]WFA

>Y(X(L& R5(L( L( 7;@>LR<R @L$R7$: $7L$U;MR<$(M U<'(L Y57$5 R5( (;(''('
M[MR(;M MRLU$RUL( $<<>R ( @@:7('D < $><RLMR R> R57M&  '7MRL7UR(' >L  L(;>R( M[M6
R(;M @@L>$5 5M R> ( @@:7('& Y5(L( R5( /U:R6R>:(L<R $><RL>: :4>L7R5;M <' R5(
X7::( 7</>L;R7>< 7M '7MRL7UR(' ;><4 '7//(L(<R $>;@><(<RMD 5(M( M7RUR7><M&
Y57$5 Y7:: ( (Z@:7<(' 7< R5( <(ZR M($R7><M& 5X( 7;@>LR<R $><M(EU(<$(M />L R5(
/U:R6R>:(L<R :4>L7R5;M& ($UM( R5([ '7MR7<4U7M5 /L>; R5( (;(''(' M[MR(;M @6
@L>$5 Y7R5 L(M@($R R> R5( 7</>L;R7>< X7::(D 7R5(L R5( :4>L7R5;M 5X( $$(MM
><:[ R>  MUM(R >/ R5( >X(L:: 7</>L;R7>< UM(' >L R5( 7</>L;R7>< :7<9M L7<4 >UR
M(X(L( R7;( '(: <' (X(< $UM(  'L>@6>UR >/ 'RD 5(M( @L$R7$: $7L$U;MR<$(M
5X( R> ( R9(< 7<R> $$>U<R Y5(< (:>LR7<4 /U:R6R>:(L<R $><RL>: :4>L7R5;MD

26&6? *9=8*@= *'/19*9

5( R(L; I'7MRL7UR(' '74<>M7MI MU;;L7M(M R5L(( M7RUR7><M Y5(L( R5( 7</>L;R7><
7M '7MRL7UR(' ;><4 M(X(L: $>;@><(<RM R5R L( R> (<MUL( R5( /U:R R>:(L<$( >/ R5(
M[MR(;D 5(7L ;7< $5L$R(L7MR7$M Y7:: ( (Z@:7<(' 7< R5( />::>Y7<4 />L  '74<>MR7$
M[MR(;& UR R5( M;( $><M7'(LR7><M $< ( ;'( />L R5( $><RL>::(L L(6'(M74<D
% *9=8*@= *'/19*9 A7< R5( <LL>Y M(<M(B% 5( '74<>MR7$ M[MR(; 7M '(M74<('
M  U<7EU( (<R7R[ <' R5( L(MU:R7<4 '74<>MR7$ :4>L7R5; 7M '7MRL7UR(' >X(L '7//(L6
(<R $>;@><(<RM R> $>@( Y7R5 R5( $>;@URR7><: (//>LR <(('('D 5( L(MU:R >R7<('
7M R5( M;( M 7< R5( (;(''(' M[MR(;M @@L>$5 @L>X7'(' R5R R5( $>;;U<7$6
R7>< M[MR(; '>(M <>R L(MRL7$R R5( @(L/>L;<$(D

% /=8-*9 *'/19*9 5( '74<>MR7$ @L>:(; 7M '($>;@>M(' 7<R> '7//(L(<R


MU@L>:(;M Y57$5 L(/(L R> R5( MUM[MR(;M >/ R5( >X(L:: M[MR(; U<'(L $><M7'(L6
R7><D 5( MU@L>:(;M L( M>:X(' 7<'(@(<'(<R:[ /L>; ($5 >R5(LD

% 118*/= *'/19*9 79( 7< '($(<RL:7M(' '74<>M7M R5( >X(L:: @L>:(; 7M


'($>;@>M('& UR R5( M>:UR7><M >R7<(' 7<'(@(<'(<R:[ />L R5( MU@L>:(;M L(
$>;7<(' [ M>;( $>>L'7<R>L R> (<MUL( R5(7L $><M7MR(<$[D
($(<RL:7M(' <' $>>L'7<R(' '74<>M7M L( 7::UMRLR(' [ 74MD ?D?1 <' ?D?PD
>R5 ;(R5>'M L( L(M><:( 7/ R5( M[MR(; R> ( '74<>M(' 7M $>;@>M(' >/ M(X6
(L: 7<R(L$><<($R(' MUM[MR(;MD MU::[ MU$5  MRLU$RUL: '($>;@>M7R7>< 7M 47X(<
[ R5( @5[M7$: M[MR(; MRLU$RUL( <' R5( MUM[MR(;M L( >/R(< Y(9:[ $>U@:('D 57M
MU44(MR  '($>;@>M7R7>< >/ R5( '74<>MR7$ RM9 7< MU$5  Y[ R5R R5( MURM9M $<
( MM>$7R(' Y7R5 R5( MUM[MR(;MD R 7M R5(< L(M><:( R> 7;@:(;(<R  '7//(L(<R
'74<>M(LM , />L R5(  MUM[MR(;M >/ R5( >X(L:: M[MR(;D
5( '74<>M(L , 5M X7::( ><:[ R5( :>$: 7<@UR 6, <' R5( :>$: >UR@UR : , D R
M>:X(M 7RM RM9 [ ;(<M >/  ;>'(: >/ R5( MUM[MR(; , D 5( L(MU:R 7M 47X(< [ R5(
M(R , >/ /U:R $<'7'R(MD
5( ;7< @L>:(; Y7R5 R57M M$5(;( 7M R5( $><M7'(LR7>< >/ R5( 7<R(L$R7><M ;><4
R5( MUM[MR(;M& ($UM( R5(M( M74<:M L( <>R MMU;(' R> ( 9<>Y< R> R5( '746
<>M(LMD 7//(L(<R @@L>$5(M 5X( ((< $><M7'(L(' R> M>:X( R57M @L>:(;D 5( M7;6
IO9 W)<>].)]`W. F5 5`A]=]FA.WC] )FC]WFA _7


  

  

           

        

           

     

  

+ '+'+ .).C]WA>X., ,>:CFX>X

@:(MR Y[ 7M R> MMU;( R5R R5(L( 7M <> 7<R(L$R7><& Y57$5 ;(<M R5R R5( ;>'(: UM('
[ R5( '74<>M(L , '(M$L7(M R5( 7M>:R(' , D 57M 7M MU$$(MM/U: ><:[ 7/ R5( 7<R(L6
$R7><M ;><4 R5( MUM[MR(;M L( Y(9D R5(L @@L>$5(M UM( $>LM( ;>'(:M >/ R5(
7<R(L$R7><MD < <[ $M(& M R5(L( 7M <> 7</>L;R7>< (Z$5<4( ;><4 R5( '74<>M(LM&
R5( >X(L:: '74<>MR7$ L(MU:R
#  @ , ,
R[@7$::[ 7<$:U'(M ;>L( /U:R $<'7'R(M R5< R5( L(MU:R ( R5R  M7<4:( '74<>M(L >/
R5( >X(L:: M[MR(; Y>U:' '(R(L;7<(%
# =  ( E
57M 7M R5( @L7$( />L R5( $>;@:(Z7R[ L('U$R7>< >/ R5( '74<>MR7$ @L>:(; Y7R5 L(M@($R
R> >R5 R5( '74<>MR7$ :4>L7R5;M @@:7(' <' R5( 7</>L;R7>< :7<9M R> ( 7;@:(6
;(<R('D
L>; < L$57R($RUL: @>7<R >/ X7(Y& R5( '74<>M(LM L( 4(<RM R5R M>:X( R5(7L
'74<>MR7$ @L>:(;M 7<'(@(<'(<R:[ /L>; ><( <>R5(L& Y57$5 7M 7< :7<( Y7R5 ;>'(L<
M>/RYL( MRLU$RUL(M <' @L7<$7@:(MD >Y(X(L& M R5(M( (Z@:<R7><M M5>Y R5( >X(L::
'74<>MR7$ L(MU:R 7M Y>LM( R5<  4:>: M>:UR7><D
5( '7M'X<R4( >/ '($(<RL:7M(' '74<>M7M $< ( >X(L$>;( [ (ZR(<'7<4 R5(
'74<>M(LM >/ R5( MUM[MR(;M [  $>>L'7<R>L R5R $>;7<(M R5( L(MU:RM , >R7<('
/>L R5( MUM[MR(;M R>  L(MU:R ! >/ R5( >X(L:: M[MR(;D M R5( $>>L'7<R>L 5M 
;>'(: >/ R5( 7<R(L$><<($R7><M >/ R5( MUM[MR(;M& R5( >X(L:: L(MU:R ! 7M (RR(L R5R
R5( L(MU:R >/ R5( '($(<RL:7M(' '74<>M7M%
! <  # E
/ R5( :7<9 (RY((< R5( '74<>M(LM <' R5( $>>L'7<R>L 7M 76'7L($R7><:& R5( $>>L'76
<R>L $< M(<' 7</>L;R7>< R> R5( '74<>M(LM R5R $< ( UM(' R> 7;@L>X( R5( :>$:
'74<>MR7$ L(MU:RMD 5( 7; >/ R5( $>>L'7<R7>< 7M R> L(R7< R5( L(MU:R >/  4:>:
'74<>M7M
!   ( E
_[ IO C]WF,`)]>FC ]F ,>:CFX>X C, 5`A]=]FA.WC] )FC]WFA

      
           

        

           

     

   
   

+ '+'/+ FFW,>C]., ,>:CFX>X

5(< R5( ;7< 'X<R4( >/ $>>L'7<R(' '74<>M7M 7< $>;@L7M>< R>  4:>: '746
<>M(L 7M R5( MRLU$RUL( >/ R5( '74<>MR7$ M[MR(;& Y57$5 L('U$(M R5( $>;@:(Z7R[ >/ R5(
>X(L:: :4>L7R5;D

26&6> .1= *'/19*9

>'(L< 'R $>;;U<7$R7>< <(RY>L9M @L>X7'( R5( ;(<M />L L(;>R( MU@(LX7M7><
<' $><RL>: >/ R($5<>:>47$: M[MR(;MD / R5( $><RL>: U<7R& Y57$5 7M '7L($R:[ :7<9(' R>
R5( @L>$(MM U<'(L $><M7'(LR7><& 7M <>R @>Y(L/U: (<>U45 R> M>:X( :: 7RM RM9M 7R $<
( (ZR(<'(' [ L(;>R( $>;@><(<RM R5R L( :7<9(' R> R5( @L>$(MM X7 'R <(RY>L9M
:79( R5( 7<R(L<(RD
74UL( ?D?O 7::UMRLR(M R5( M7RUR7>< >/ L(;>R( '74<>M7M />L  $L Y5(L( R5( ><6
>L' $>;@><(<R LU<M >< R5( (;(''(' $><RL>: (EU7@;(<R >/ R5( $L <' R5( >//6
>L' $>;@><(<R 7M 7;@:(;(<R(' ><  L(;>R( $>;@UR(LD 5( ><6>L' '74<>MR7$
M[MR(; 5M R> $>@( Y7R5 :7;7R(' $>;@URR7>< <' ;(;>L[ L(M>UL$(M Y5(L(M R5(
L(;>R( M[MR(; $< R9( 'X<R4( >/ R5( :L4(L $>;@UR(L $@$7R[ UR 5M R> M>:X(
7RM RM9M [ ;(<M >/ R5( L(MRL7$R(' 7</>L;R7>< >R7<(' X7 R5( 'R <(RY>L9D 57M
M7RUR7>< 7M R[@7$: :M> />L >R5(L @@:7$R7>< L(M :79( (<(L4[ '7MRL7UR7>< <(RY>L9M
>L U7:'7<4 UR>;R7><D 5( R(L;M H><6>L'I >L H>//6>L'I $>;@><(<RM Y57$5
L( $>;;>< 7< UR>;>R7X( @@:7$R7><M L( UM(' 5(L( M 4(<(L: R(L;M :M> />L R5(M(
>R5(L @@:7$R7>< 0(:'MD
<  4(<(L: M(RR7<4& L(;>R( '74<>M7M UM(M >R5 < ><6>L' M Y(:: M < >//6
>L' $>;@><(<RD 5( @L$R7$: $7L$U;MR<$(M U<'(L Y57$5 R5(M( $>;@><(<RM 5X(
R> Y>L9 $< ( MU;;L7M(' M />::>YM%
% 5( 1/)18 1.31//= 5M R> Y>L9 Y7R5 L(MRL7$R(' $>;@UR7<4 @>Y(L <'
;(;>L[ M7\(& Y57$5 :7;7RM R5( :4>L7R5;7$ $>;@:(Z7R[ >/ R5( RM9 R> ( @(L/>L;('D
IO9 W)<>].)]`W. F5 5`A]=]FA.WC] )FC]WFA _Z


  
  

   
      
  

+ '+'.+ .BF]. ,>:CFX>X

% 5( 1"")18 1.31//= 5M A<(L:[B U<:7;7R(' $>;@UR7<4 @>Y(L UR 5M R>
$>@( Y7R5 :7;7R(' <' @>MM7:[ 7M(' ;(MUL(;(<R 'RD

% 5( = -*/, $UM(M R7;( '(: <' 'R :>MM(M <' L(MRL7$RM R5( ;>U<R >/ 'R
R5R $< ( RL<M;7RR(' U<'(L L(:6R7;( $><MRL7<RMD
5( '($>;@>M7R7>< >/ R5( >X(L:: '74<>MR7$ RM9 7<R> MURM9M />L R5( ><6>L' >L
R5( >//6>L' $>;@><(<R& L(M@($R7X(:[& 5M R> R9( R5(M( L(MRL7$R7><M 7<R> $$>U<RD
5( '74<>MR7$ @L>$(MM 7M UMU::[ MRLU$RUL(' 7< M(X(L: '74<>MR7$ MR(@M M '(6
M$L7(' >< @D ?3& Y5(L( R5( $>;@:(Z7R[ >/ R5( ;>'(: <' R5( ;>U<R >/ ;(MUL(6
;(<R 'R R> ( UM(' 7<$L(M( /L>; /U:R '(R($R7>< >X(L /U:R 7M>:R7>< R>YL'M /U:R
7'(<R70$R7><D 57M /$R R>4(R5(L Y7R5 R5( @L$R7$: $7L$U;MR<$(M U<'(L Y57$5 R5(
><6>L' <' R5( >//6>L' $>;@><(<R Y>L9M :(' R> R5( />::>Y7<4 @L>@>M: />L R5(
'($>;@>M7R7>< >/ R5( '74<>MR7$ RM9 A74D ?D?+B%
% 5( 1/)18 1.31//= M>:X(M R5( @L>:(; >/ /U:R '(R($R7><D >L R57M RM9&
><:[ R5( ;>'(: >/ R5( /U:R:(MM M[MR(; 7M <($(MML[D 5( L(MU:R 7M  [(MQ<> <MY(L
R> R5( EU(MR7>< Y5(R5(L  /U:R 5M >$$ULL('D

% 5( 1"")18 1.31//= 7M>:R(M <' 7'(<R70(M R5( /U:RD 5(M( RM9M $< (
M>:X(' ><:[ 7/ '(R7:(' ;>'(:M >/ R5( /U:R[ M[MR(; R>4(R5(L Y7R5 /U:R ;>'(:M L(
X7::(D
>R5 $>;@><(<RM Y>L9 Y7R5 @@L>@L7R(:[ M(:($R(' 7<@UR <' >UR@UR M(EU(<$(MD ::
X7::( 7<@UR <' >UR@UR 'R L( L(@L(M(<R(' [ R5( M(EU(<$(M
 $4EEE7%  $U$4%( U$"%( EEE( U$7%%
 $4EEE7%  $V$4%( V$"%( EEE( V$7%%E
<:[ @LR >/ R5(M( M(EU(<$(M 5X( R> ( UM(' />L /U:R '(R($R7><D 5R 7M& M>;(
'R 7<$:U'(' 7< R5( M(EU(<$(  $4EEE7% $< ( '(:(R(' R> 4(R R5( L('U$(' M(EU(<$(
 $4EEE7%D 5( M;( 5@@(<M Y7R5 R5( M(EU(<$(  $4EEE7% R> 4(R R5( M(EU(<$(
 $4EEE7% UM(' />L /U:R '(R($R7><D
 M7;7:L M(:($R7>< @L>$(MM $><$(L<M R5( 'R  $4EEE7% <'  $4EEE7% UM(' />L
/U:R 7'(<R70$R7><D 5(M( 'R L( RL<M;7RR(' >X(L R5( 'R <(RY>L9& Y5(L( 'R
:>MM(M ;[ $5<4( R5(; 7<R> R5( <(Y M(EU(<$(M 0 $4EEE7% <'  0  $4EEE7% Y57$5 L(
L($(7X(' [ R5( >//6>L' $>;@><(<RD
74UL( ?D?+ M5>YM R5R  '(M74< @L>:(; >/ L(;>R( '74<>M7M 7M R> '($7'( Y57$5
'R M5>U:' ( UM(' [ R5( ><6>L' '74<>MR7$ $>;@><(<R <' Y57$5 'R M5>U:'
_2 IO C]WF,`)]>FC ]F ,>:CFX>X C, 5`A]=]FA.WC] )FC]WFA

     
       

 
 

       
      
       
 

     
 

               
       

                     
                        

+ '+'+ .)FBKFX>]>FC F5 ]<. ,>:CFX]>) ]X@

( RL<M;7RR(' >X(L R5( 'R <(RY>L9 R> R5( >//6>L' $>;@><(<RD  /ULR5(L '(M74<
@L>:(; $><$(L<M R5( '@RR7>< >/ R57M M(:($R7>< R> R5( 7<R(L;('7R( '74<>MR7$ L(6
MU:RD / R5( 'R :7<9 7M UM(' 7<  76'7L($R7><: Y[& R5( >//6>L' $>;@><(<R $<
M(<' L(EU(MRM R>YL'M R5( 'R M(:($R7>< :>$9 7< >L'(L R> >R7< R5>M( M@($70$ 'R
R5R $< L7<4 >UR R5( (MR @>MM7:( @L>4L(MM >/ R5( /U:R 7M>:R7>< >L 7'(<R70$R7><
RM9MD
< 7;@>LR<R 7MMU( >/ L(;>R( '74<>M7M 7M R5( M[<$5L><>UM >@(LR7>< ;>'( >/
R5( ><6>L' <' >//6>L' $>;@><(<RD U( R> R5( 7</>L;R7>< :7<9& Y57$5 7M UM('
><:[ 7< $(LR7< R7;( 7<R(LX:M <' L7<4M >UR R7;( '(:& >R5 $>;@><(<RM $<<>R
( M[<$5L><7M(' UR R5(7L $R7X7R7(M 5X( R> ( MRLU$RUL(' 7< MU$5  Y[ R5R R5([
R>:(LR( R5( M[<$5L><>UM >@(LR7>< ;>'(MD
5( M$5(;( '(@7$R(' 7< 74D ?D?+ 7M 4(<(L: (<>U45 R> ( @@:7$:( />L R5( L(6
;>R( '74<>M7M >/ $><R7<U>UM6XL7:( M Y(:: M '7M$L(R(6(X(<R M[MR(;MD R $< (
(ZR(<'(' R> /U:R6R>:(L<R $><RL>:& Y5(L( R5( ><6>L' $>;@><(<R 7M (7R5(L /U:R6
R>:(L<R 7RM(:/ >L >R7<M $$>;>'R7>< >L L($><04ULR7>< $>;;<'M /L>; R5( >//6
>L' $>;@><(<RD 57M /U:R R>:(L<$( (ZR(<'M R5( UR><>;[ >/ R5( ><6>L' $>;6
@><(<RD

)+ 4-58 ( 1 ((#

>;@L(' Y7R5 R5( Y(:: 9<>Y< $><RL>::(L '(M74< RM9& R5( ;7< <(Y @L>:(;M R> (
M>:X(' 7< /U:R6R>:(L<R $><RL>: $< ( MU;;L7M(' M />::>YM%
% 1--*/' 1" 9D9=.9 9@+= =1 "@-=96
5( '[<;7$: ;>'(: >/ R5( @:<R M5>U:' <>R ><:[ '(M$L7( R5( /U:R:(MM& UR :M>
R5( /U:R[ M[MR(; />L :: /U:RM / )  D (<$(& 7R 7M <>R MU/0$7(<R R> 5X( R5( ;>'(:&
Y57$5 5M ((< UM(' />L R5( '(M74< >/ R5( <>;7<: $><RL>::(L& UR R57M ;>'(: 5M
IO7 `Wd.g F5 ]<. $FF@ _D

R> ( (ZR(<'(' />L R5( /U:R $M(MD ULR5(L;>L(& />L R5( M>:UR7>< >/ R5( '74<>MR7$
@L>:(; <' />L R5( M(:($R7>< >/ L(M><:( $><RL>: $><04ULR7><M& ;>'(: $:MM(M
>R5(L R5< '7//(L(<R7: (EUR7><M >L UR>;R R:(M 5X( R> ( UM('D
><M(EU(<R:[& R57M >>9 @L(M(<RM :R(L<R7X( ;(<M />L '(M$L77<4 '[<;7$: M[M6
R(;M& Y57$5 L( @@L>@L7R( R> <MY(L R5( M7$ EU(MR7><M >/ /U:R6R>:(L<R $><RL>:D
R 7M MRLU$RUL(' $$>L'7<4 R> R5(M( ;>'(:M& Y5(L( ($5 >/ R5( 5@R(LM 3 R5L>U45
= '(: Y7R5 <>R5(L 97<' >/ ;>'(:MD

% /-D9*9 1" "@-= ""=96


U<';(<R: @L>:(;M $><$(L< R5( /U:R @L>@4R7>< R5L>U45 R5( M[MR(; <' R5(
'74<>M7:7R[ >/ R5( /U:RMD 5( <:[M7M 5M R> M5>Y Y5(R5(L R5( M(:($R(' ;(6
MUL(;(<RM @L>X7'( MU/0$7(<R 7</>L;R7>< />L '(R($R7<4& 7M>:R7<4 <' 7'(<R7/[7<4
/U:RMD >L R5( $><RL>::(L L(6'(M74<& R5( $><RL>::7:7R[ <' >M(LX7:7R[ >/ R5(
/U:R[ M[MR(; 7M 7;@>LR<RD <[ /U:R6R>:(L<R $><RL>: 5M R> L(:[ >< L('U<'<$7(M
7< R5( M[MR(;& Y57$5 $< ( $R7XR(' R> MR>@ R5( (X>:UR7>< >/ R5( /U:RD

% =(19 "18 "@-= ==*1/ / *91-=*1/6


5( '74<>MR7$ ;(R5>'M (Z@:7<(' 7< R57M >>9 5X( ((< M(:($R(' />L R5( @UL@>M(
>/ /U:R6R>:(L<R $><RL>:D <:[ R5>M( ;(R5>'M L( '(M$L7('& Y57$5 '> <>R ><:[ '(6
R($R& UR :M> 7M>:R( >L 7'(<R7/[ R5( /U:RD 5( MRLU$RUL: <:[M7M />L 0<'7<4 <:[R6
7$: L('U<'<$[ L(:R7><M />L /U:R '(R($R7>< <' 7M>:R7>< 7< $><R7<U>UM6XL7:(
M[MR(;M (Z@:7<(' 7< 5@R(L 1 <' R5( '74<>MR7$ ;(R5>'M />L '7M$L(R(6(X(<R
M[MR(;M '(M$L7(' 7< 5@R(L + @L>X7'( <>X(: ;(<M >/ /U:R 7'(<R70$R7><& Y57$5
5X( <>R [(R ((< @U:7M5(' 7<  ;><>4L@5 >L R(ZR>>9D

% )9*'/ 1" =( 1/=81--86


U:R $$>;;>'R7>< <' $><RL>: L($><04ULR7>< ;(R5>'M 7<$:U'( M(X(L( (ZR(<6
M7><M >/ Y(:: 9<>Y< $><RL>::(L '(M74< ;(R5>'M& ($UM( R5([ 5X( R> ( $LL7('
>UR $>;@:(R(:[ UR>;R7$::[ Y7R5>UR <[ 7<R(L$R7>< >/  5U;< '(M74<(LD 
/ULR5(L 7;@>LR<R 7MMU( 7M R5( L($><04UL7:7R[ <:[M7M (Z@:7<(' 7< 5@R(LM 3
<' 1D
5( >>9 7M MRLU$RUL(' 7<R> R5L(( @LRMD 5( 7<RL>'U$R>L[ @LR A5@R(LM ? , SB '(6
M$L7(M R5( ;7< @L>:(;M >/ /U:R6R>:(L<R $><RL>:& 7::UMRLR(M R5(M( @L>:(;M [ RY>
(Z;@:(M <' 47X(  MULX([ >X(L R5( :R(L<R7X( ;>'(:M >/ R5( @:<RD 5( RY> LU<6
<7<4 (Z;@:(M Y7:: ( UM(' R5L>U45>UR R5( >>9 R> 7::UMRLR( R5( 7'(M <' ;(R5>'M
'(X(:>@('D
5( ;7< @LR >/ R5( >>9 A5@R(LM 3 , =B (Z@:7<M R5( ;(R5>'M />L /U:R '746
<>M7M <' /U:R6R>:(L<R $><RL>:D R 7M MRLU$RUL(' $$>L'7<4 R> R5( ;>'(: R[@(M UM('&
(47<<7<4 Y7R5 $>;@><(<R6M(' <:[M7M R5R UM(M < L$57R($RUL: ;>'(: >/ R5( '[6
<;7$: M[MR(;& @L>$(('7<4 Y7R5 MRLU$RUL: <:[M7M M(' ><  MRLU$RUL( 4L@5& Y7R5
'74<>M7<4 <' $><RL>::7<4 $><R7<U>UM6XL7:( M[MR(;M '(M$L7(' [ '7//(L(<R7: >L
'7//(L(<$( (EUR7><M <' RL<M/(L /U<$R7><M& Y7R5 '7M$L(R(6(X(<R M[MR(;M L(@L(M(<R('
[ MR>$5MR7$ UR>;R& <' 0<::[ $><M7'(L7<4 EU<R7M(' M[MR(;M& Y5(L( R5( ;(R56
^i IO C]WF,`)]>FC ]F ,>:CFX>X C, 5`A]=]FA.WC] )FC]WFA

>'M />L $><R7<U>UM6XL7:( <' '7M$L(R(6(X(<R M[MR(;M 5X( R> ( $>;7<('D 5(
:MR @LR A5@R(L ?]B '(M$L7(M @@:7$R7><MD
< ;>L( '(R7:& 5( .*/ *9 1" "@-= *'/19*9 / "@-=)=1-8/= 1/=81-
L( (Z@:7<(' 7< 5@R(L ? 7<  X(L: />L; (/>L( R5(M( 7'(M L( '(X(:>@(' 7< 
L74>L>UM ;R5(;R7$: />L; 7< R5( :R(L $5@R(LMD R :M> R9(M  :>>9 R R5( 0(:'
/L>; R5( X7(Y@>7<R >/  @L$R7M7<4 (<47<((LD
5@R(L T 7::UMRLR(M R5( @L>:(;M R> ( M>:X(' [ =B1 9*.3- C.3-9D 5(
RY>6R<9 M[MR(; <' R5( M57@ UR>@7:>R Y7:: ( UM(' X(L[ >/R(< 7< :R(L $5@R(LM />L
7::UMRLR7>< >/ R5( ;(R5>'M '(X(:>@('D 5([ L( '(M$L7(' 5(L( 7<  M(@LR( $5@R(L
R> /$7:7RR( $L>MM6L(/(L(<$(MD
5@R(L S 47X(M  9@8AD 1" =( .1-9 UM('D R $>;@L(M R5( X7(Y@>7<RM <'
MRLU$RUL(M UM(' R> L(@L(M(<R '[<;7$: M[MR(;M [ '7//(L(<R ;R5(;R7$: ;(<M />L
R5( '7//(L(<R @UL@>M(M >/ R5( :R(L $5@R(LMD
5( RL(R;(<R >/ /U:R '74<>M7M <' /U:R6R>:(L<R $><RL>: MRLRM 7< 5@R(L 3 Y7R5
R5( ;>MR MRL$R ;>'(:D M(' >< < L$57R($RUL: ;>'(: >/ R5( @:<R& /7:UL(6;>'(M
<' (//($R <:[M7M A B <' "@-= 3813'=*1/ /-D9*9 UM( R5( /$R R5R R5(
@L>@4R7>< >/ /U:RM R5L>U45  M[MR(; $< ( <:[M(' 7/ :: @>R(<R7: /U:RM <'
R5(7L (//($RM >< R5( M[MR(; $>;@><(<RM L( 9<>Y<D > $>;@:(R( <:[R7$: ;>'(:
7M <($(MML[& UR 7R 7M MU/0$7(<R R> $><M7'(L R5( 7<R(L$><<($R7><M ;><4 R5( M[MR(;
$>;@><(<RMD 57M ;(R5>' 7M (ZR(<'(' R> 0<' >UR& M  @L(:7;7<L[ MR(@ >/ /U:R6
R>:(L<R $><RL>:& Y5(L( R5( ;74LR7>< >/ R5( /U:R $< ( MR>@@('D
5@R(L 1 '(M$L7(M R5( 9=8@=@8- /-D9*9 1" D/.*- 9D9=.9 Y57$5 7M M('
><  MRLU$RUL( 4L@5 R5R M5>YM Y57$5 M74<:M L( L(:R(' R> ($5 >R5(L [ R5( ;>'(:
(EUR7><MD < R5( 76@LR7R( 4L@5& R5( <>'(M M[;>:7M( R5( ;>'(: (EUR7><M >< R5(
><( 5<' <' R5( M74<:M >< R5( >R5(L 5<'D [ ;R$57<4 R($5<7EU(M& R5( ;>'(:
(EUR7><M L( MM>$7R(' R> U<9<>Y< M74<:M 7< >L'(L R> 0<' >UR 5>Y R5( U<9<>Y<
XL7:(M $< ( '(R(L;7<(' [ R5( $>LL(M@><'7<4 ;>'(: (EUR7><D 57M MR(@ '7M6
$:>M(M R5( L('U<'<$7(M 7<$:U'(' 7< R5( M(R >/ $><MRL7<RM <' ;(MUL(;(<RM UM('
/>L '74<>M7M <' R5( @>MM77:7R7(M R> L($>X(L /L>; /U:RMD 5( :RR(L @L>X7'(M R5(
M7M />L R5( 7<X(MR74R7>< >/ R5( M[MR(; L($><04UL7:7R[ <' :('M R> R(MRM >/ R5(
(Z7MR(<$( >/ /U:R6R>:(L<R $><RL>::(LMD
@-= *'/19*9 / "@-=)=1-8/= 1/=81- 1" 1/=*/@1@9)A8*- 9D9=.9 L(
7<X(MR74R(' 7< 5@R(LM P <' OD 5( '74<>M7M >/ R5(M( M[MR(;M $< ( '($>;6
@>M(' 7<R> L(M7'U: 4(<(LR7>< <' L(M7'U: (X:UR7><D 5( ;(R5>'M />L >R5 MR(@M
L( (Z@:7<(' 7<  '(R(L;7<7MR7$ <'  MR>$5MR7$ M[MR(; (<X7L><;(<RD 5@R(L O
M5>YM 5>Y R5( '74<>MR7$ L(MU:R $< ( UM(' />L /U:R6R>:(L<R $><RL>:D 57M $5@R(L
7<RL>'U$(M M(X(L: ;(R5>'M />L /U:R $$>;;>'R7>< <' $><RL>: L($><04ULR7><D
5@R(L + 7M '(X>R(' R> "@-= *'/19*9 1" *98=)A/= 9D9=.9 '(M$L7(' [
<><6'(R(L;7<7MR7$ >L MR>$5MR7$ UR>;RD /R(L R5( (Z@:<R7>< >/ R5( ;>'(: UM('&
R5( MRR( >M(LXR7>< @L>:(; 7M M>:X('D 5(< R5( '74<>MR7$ RM9 7M RL<M/>L;(' 7<R>
< >M(LXR7>< RM9 [ 7<R(L@L(R7<4 R5( /U:R M  MRR( >/ R5( /U:R ;>'(: <' [
$>;7<7<4 R5( /U:R ;>'(: Y7R5 R5( @:<R ;>'(: R>  U<7EU( UR>;R><D (R5>'M
/>L 7<X(MR74R7<4 R5( '74<>M7:7R[ >/ '7M$L(R(6(X(<R M[MR(;M L( :M> (Z@:7<('D >L
M(<M>L <' $RUR>L '74<>M7M& M@($70$ ;(R5>'M L( '(M$L7(' Y57$5 L( M7;7:L R>
IO7 `Wd.g F5 ]<. $FF@ ^I

R5( '('7$R(' >L 4(<(L:7M(' >M(LX(L M$5(;(M 9<>Y< /L>; $><R7<U>UM M[MR(;MD
5(M( M$5(;(M L( (ZR(<'(' R> UR>;R7$::[ MUMR7RUR( /U:R[ M(<M>LM >L $RUR>LM
<'& 5(<$(& @L>X7'(  L($><04ULR7>< >/ R5( $><RL>::(LD
5( $>;7<R7>< >/ 7'(M <' ;(R5>'M />L $><R7<U>UM6XL7:( <' '7M$L(R(6(X(<R
M[MR(;M 7M <($(MML[& 7/ 7@/=*9 9D9=.9 L( $><$(L<('D < 5@R(L =  @UL(:[
'7M$L(R(6(X(<R '(M$L7@R7>< >/  EU<R7M(' M[MR(; 7M U7:R [ MRL$R7<4 R5( (6
5X7>UL: L(:R7>< >/  MR>$5MR7$ UR>;R>< /L>; R5( 5[L7' ;>'(: >/ R5( EU<6
R7M(' M[MR(;& Y57$5 $><M7MRM >/ R5( '7//(L(<R7: (EUR7>< '(M$L77<4 R5( $><R7<U>UM6
XL7:( @LR <' R5( 7<(EU:7R7(M L(@L(M(<R7<4 R5( EU<R7M(LMD 5( @L>@(LR7(M >/ R57M
MRL$R ;>'(: L( 7<X(MR74R(' <' 7R 7M M5>Y< R5R R5( '74<>MR7$ L(MU:RM >R7<('
/>L R5( ;>'(: :M> 5>:' />L R5( EU<R7M(' M[MR(;D 7<::[& 7R 7M M5>Y< 5>Y R5( '746
<>MR7$ :4>L7R5; >/ MU$5 M[MR(;M $< ( L($><04UL(' R> ;7<R7< 7RM /U<$R7>< /R(L
 /U:R 5M >$$ULL('D
< 5@R(L ?]  (<$5;L9 @L>:(; <' />UL */@9=8*- 381-.9 L( M>:X('D
5(M( @L>:(;M 7<$:U'( R5( /U:R6R>:(L<R $><RL>: >/  $5(;7$: @L>$(MM&  M57@
@L>@U:M7>< M[MR(;&  MR(; 4(<(LR>L <' < (:($RL7$: MR((L7<46[6Y7L( M[MR(;D Z6
@(L7;(<RM M5>Y R5R R5( ;(R5>'M '(M$L7(' 7< R5( >>9 $< ( MU$$(MM/U::[ @@:7('D
< MU;;L[& R57M >>9 $>X(LM R5( Y5>:( L<4( >/ @L>:(;M <' ;(R5>'M >/ /U:R6
R>:(L<R $><RL>: MRLR7<4 Y7R5 ;>'(::7<4 >/ /U:R[ M[MR(;M& @L(M(<R7<4 '74<>MR7$
;(R5>'M />L '7//(L(<R 97<'M >/ '[<;7$: M[MR(;M <' 0<7M57<4 Y7R5 <(Y ;(R5>'
/>L /U:R $$>;>'R7>< <' $><RL>: L($><04ULR7><D 7R5 R57M M$>@(& 7R 7<$:U'(M
;U$5 ;R(L7: R5R YM <>R @U:7M5(' 7<  U<70(' />L;D 57M @LR7$U:L:[ $><$(L<M
MRLU$RUL: ;(R5>'M >/ /U:R6R>:(L<R $><RL>:& '74<>M7M >/ '7M$L(R(6(X(<R M[MR(;M& <'
;>'(::7<4 <' /U:R6R>:(L<R $><RL>: >/ EU<R7M(' M[MR(;MD
5( 7; 7M <>R R> @L>X7'( < (Z5UMR7X( MULX([ >/ :: ;(R5>'M UR LR5(L R> 47X( 
'(R7:(' @L(M(<RR7>< >/ 7;@>LR<R ;(R5>'M <' R>>:M R5R @L>X(' R> ( (//($R7X( 7<
@@:7$R7><MD L($7M( :4>L7R5;7$ '(M$L7@R7><M& 4U7'(:7<(M />L @L;(R(L RU<7<4 <'
(Z;@:(M M5>U:' 5(:@ R5( L('(L R> 47<  R5>L>U45 U<'(LMR<'7<4 >/ R5( ;R(L7:D

1.38*91/ =1 1=(8 .1/1'83(96 (X(L: ;><>4L@5M 5X( @@(L(' L($(<R:[


7< R5( L( >/ /U:R '74<>M7M <'  /(Y >< /U:R6R>:(L<R $><RL>:D 5( />::>Y7<4
L(;L9M M5>U:' (Z@:7< 5>Y R57M >>9 '7//(LM /L>; R5(M( L($(<R @U:7$R7><MD
>MR >/ R5( L($(<R ;><>4L@5M L( L(MRL7$R(' R>  L(:R7X(:[ <LL>Y <' 'X<$('
L(M(L$5 R>@7$& UR '(M$L7( R57M 7< ;U$5 '(R7: :79( R5( >>9 "?P+# >< L>UMR (MR76
;R7>< <' 7RM UM( />L /U:R '(R($R7><& "S3# >< $R7X( /U:R '(R($R7>< [ R5( '(M74< >/
@L>@(L UZ7:7L[ M74<:M& "?T?# >< '74<>M7M >/  M@($70$ $:MM >/ '7M$L(R(6(X(<R M[M6
R(;M $::(' $R7X( M[MR(;M& <' "?PO# >< $R7X( /U:R6R>:(L<R $><RL>: M[MR(;M Y7R5
L9>X7< @L;(R(LMD
5( R(ZR>>9M "3S#& "O+# L( (MM(<R7::[ '('7$R(' R> /U:R '74<>M7M M(' >< <6
:[R7$: ;>'(:M >/ R5( MU@(LX7M(' @L>$(MM [ >M(LX(L6M(' @@L>$5(M& @L7R[ M@$(
@@L>$5(M <' @L;(R(L 7'(<R70$R7>< R($5<7EU(MD 5( 0LMR ><( @L>X7'(M  R5>L6
>U45 MRU'[ >/ R5( >M(LX(L6M(' @@L>$5 7<$:U'7<4 L>UMR<(MM 7MMU(M <' < 7<RL>6
'U$R7>< R> <><:7<(L M[MR(;MD 5( M($><' ><( 7M (MM(<R7::[ '('7$R(' R> R5( @L7R[
M@$( @@L>$5& >R5 7<  '(R(L;7<7MR7$ <'  MR>$5MR7$ $><R(ZRD R :M> 7<$:U'(M 
^_ IO C]WF,`)]>FC ]F ,>:CFX>X C, 5`A]=]FA.WC] )FC]WFA

'7M$UMM7>< >/ L>UMR<(MM 7MMU(M <' < 7<RL>'U$R7>< R> MRR7MR7$: R(MR7<4 <' @L;6
(R(L 7'(<R70$R7>< ;(R5>'MD
5( X(L[ L($(<R >>9 "=+# 47X(M  :L4( MULX([ >/ XL7>UM ;(R5>'M />L /U:R '746
<>M7M <' '(M74< >/ /U:R6R>:(L<R MRLU$RUL(MD U:R '74<>M7M 7M R$9:(' Y7R5 ;>'(:6
M(' @@L>$5(M A>M(LX(L6M('& @L7R[ M@$(& <' @L;(R(L 7'(<R70$R7>< ;(R56
>'MB& 'R6M(' R($5<7EU(M AM7;@:( M7<4:( M74<:6M(' ;(R5>'M <' $:MM70$R7><
@@L>$5(MBD (M7'(M M7$ L('U<'<R MRLU$RUL(M L( @L(M(<R(' />L /U:R6R>:(L<R $><6
RL>:D R6'L7X(< ;(R5>'M L( R5>L>U45:[ '7M$UMM(' 7< R5( ;><>4L@5 "??P# Y57$5
:M> L7(2[ 7<RL>'U$(M <:[R7$: <' 9<>Y:('4(6M(' ;(R5>'MD 57M >>9 :M> (Z6
@:7<M '74<>MR7$ ;(R5>'M M(' >< /U\\[ M(R R5(>L[ <' LR70$7: <(UL: <(RY>L9MD

)+0 !$!(-*!$ &(1.


<. AF:>)A $)@:WF`C, F5 )FCX>X].C)g=$X., ,>:CFX>X >X ]<] .fK.W>B.C]X e<>)< W. )FC=
X>X].C] e>]<  :>d.C )FC?.)]`W. ,F CF] KWFd. ]<. )FC?.)]`W. ]F $. ]W`.+ $`] >C)FCX>X].C)g >C=
,.., KWFd.X >] 5AX.O <>X >X ]<. $X>X F5 ]<. :WFe]< F5 X)>.C]>6) @CFeA.,:. X CAgX., $g
]<. K<>AFXFK<.W F5 X)>.C). >W    '_i_(O <. >C].W.X]., W.,.W Bg AXF )FCX`A]
'_i^( 5FW C >C].AA.)]`A $>F:WK<gO
`A] ,.].)]>FC <X $..C ]<. X`$?.)] F5 AFC: W.X.W)< e>]< 'D9( C, 'ID[( X ]eF F5 ]<.
.WA>.X] ,.X)W>K]>FCX F5 ]<. 6.A,O 'Z2( C, 'ID7( KWFd>,.  $WF, AFF@ ] ]<. )`WW.C] X]]. F5
]<. W] 5FW )FC]>C`F`X=dW>$A. XgX].BX+ 5FW e<>)< ,>:CFX]>) B.]<F,X W. B>CAg $X., FC
X]]. F$X.Wd]>FC+ FC ]<. KW>]g XK). KKWF)< C, FC KWB.].W .X]>B]>FC ].)<C>Q`.XO <.
BFCF:WK< '_ID( :>d.X  ]<FWF`:< >C]WF,`)]>FC >C]F 5`A] ,>:CFX>X $g B.CX F5 >,.C]>6)]>FC
].)<C>Q`.XO 'IZ^( ,.X)W>$.X ]<. B>C B.]<F,X 5FW .dA`]>C: ]<. ,.K.C,$>A>]g F5 .C:>C..W>C:
XgX].BX >C  $WF,.W K.WXK.)]>d.O
FCX>X].C)g=$X., ,>:CFX>X >X  :.C.WA ,>:CFX]>) KW>C)>KA.+ e<>)< )FBKW.X ]<. B.=
X`W.B.C]X e>]< ]<. $.<d>F`W F5 XFB. BF,.AO <>X >,. <X $..C .A$FW]., 6WX] >C ]<. 6.A,
F5 W]>6)>A C].AA>:.C). '2[(+ 'I^D(O C <K].W D F5 ]<. BFCF:WK< '^( ]<. $.<d>F`WA CF=
]]>FC <X $..C `X., ]F X<Fe ]<. )FBBFC 5F`C,]>FC F5 Q`C]>]]>d. C, Q`A>]]>d. B.]<F,X
5FW ,>:CFX>XO <>X >C].WKW.]]>FC F5 ,>:CFX>X `X.X ]<. CF]>FC F5 ]<. XgX].B $.<d>F`W ,.=
6C., >C '_[^(O .d.WA ]].BK]X <d. $..C B,. ]F )FB$>C. ,>:CFX]>) B.]<F,X .A$FW].,
>C )FC]WFA .C:>C..W>C: C, W]>6)>A C].AA>:.C). 'I^(O
`A] ))FBBF,]>FC B.]<F,X <d. $..C ,.d.AFK., >C ]<. IDDiX $X., FC WF$`X] C, ,K=
]>d. )FC]WFAO <. ]<>W, KKWF)< >X $X., FC ]<. Xe>])<>C: BFC: )FC]WFAA.WX+ e<>)< <d. $..C
,.X>:C., F55=A>C. 5FW ,>55.W.C] 5`A] X>]`]>FCXO `Wd.gX F5 ]<.X. B.]<F,X W. :>d.C >C 'I9[(+
'ID^( C, '_i[(O
<. XgX].B]>) ]W.]B.C] F5 5`A]=]FA.WC] )FC]WFA $g W.)FC6:`W>C: ]<. )FC]WFA AFFK )FC=
).WC., .WFXK). .fBKA.X e>]< 'D[( C, 'Zi( $.>C: ]eF F5 ]<. .WA>.X] KK.WX ]<] `X.,
BF,.A=B])<>C: FW  KX.`,F=>Cd.WX. ].)<C>Q`. ]F :>d. ]<. C.e )FC]WFA AFFK  X>B>AW K.W=
5FWBC). X ]<. CFB>CA )AFX.,=AFFK XgX].BO  B?FW >BK.]`X 5FW ]<. ,.d.AFKB.C] F5 C.e
B.]<F,X <X $..C :>d.C $g ]<. =$.C)<BW@ KWF$A.BX K`$A>X<., >C 'Ii[(+ 'I7I(O F=
A`]>FCX ]F ]<.X. KWF$A.BX e<>)< <d. $..C F$]>C., $g A].WC]>d. B.]<F,X W. ,.X)W>$., >C
<K].WX I_ C, I^ F5 ]<. BFCF:WK< '^(O
<. ,>55.W.C] X]W`)]`W.X F5 ).C]WA>X.,+ ,.).C]WA>X., C, )FFW,>C]., ,>:CFX>X <d. $..C
,>X)`XX., 5FW ,>X)W.].=.d.C] XgX].BX >C 'I7_(+ ]<. B>C >XX`.X F5 W.BF]. ,>:CFX>X >C '[D(O

 

*  #

( "*' ,(*'*( *  "'!( !  !((   ,**!' *


! *'! 0  ( ! *.! /"( . .  ,( *'  * */*#

3+) 6( 1&# .8.1%

98*3=*1/ 1" =( 9D9=.6 M R5( 0LMR (Z;@:(& $><M7'(L R5( RY>6R<9 M[MR(; '(6
@7$R(' 7< 74D TD?D 5( @U;@ $UM(M  :7EU7' 2>Y J 7<R> <9 ? Y5(L( R5( 7<@UR
T$P% '(M$L7(M R5( @U;@ X(:>$7R[D T 7M '(R(L;7<(' [  M($UL7R[ MY7R$56>//& Y57$5
@L(X(<RM < >X(L2>Y >/ <9 ?D 5( 7<@URM R> R5( R<9 M[MR(; @L(M$L7( R5( X:X(
@>M7R7><M  <'  . D 5( ><:[ ;(MUL(' M74<: 7M R5( >UR2>Y J D (<$(& R5( R<9
M[MR(; L(MU:RM 7< R5( M7;@:( :>$9 '74L; M5>Y< 7< 74D TDTD
< R5( /U:R:(MM $M(& R5( X:X(  7M $:>M(' <' R5( X:X(  . 7M UM(' R> $><RL>: R5(
:(X(: >/ <9 TD <:[ 7< $M( >/  X:X( /U:R& R5( U@@(L @7@( 7M UM(' />L R57M @UL@>M(D
5( $><RL>: 7; L(MU:RM /L>; R5( L(EU7L(;(<R >/  R$5 @L>$(MM& 7< Y57$5 R5(
>UR2>Y >/ <9 T 7M UM(' 7< MU$$(('7<4 @LRM >/ $M$'(' X(MM(:M <' L($R>LMD 5(
X:X(  . 7M UM(' R> 0:: <' L(0:: <9 T $$>L'7<4:[& Y5(L( <9 ? 7M  MR>L4( R<9&
Y57$5 7M R> ( 0::(' R> R5( 5(745R 31 & R Y57$5 R5( M($UL7R[ MY7R$56>// MR>@M R5(
@U;@D

@-=96 Y> /U:RM L( $><M7'(L('D 7LMR&  :(94( 7< <9 ? ;[ >$$UL& Y57$5
$UM(M R5( ''7R7><: 2>Y J >UR >/ <9 ?D 5( HM7\(I >/ R5( :(94( 7M 47X(< [ R5(
@L;(R(L & A$/D :( TD?BD 5( '7//(L(<R @@L>$5(M R> /U:R '74<>M7M @L(M(<R('
7< R5( />::>Y7<4 $5@R(LM UM( R57M RY>6R<9 (Z;@:( Y7R5 '7//(L(<R <>R7><M >/ R57M
/U:RD 7R5(L  @L;(RL7$ /U:R 7M $><M7'(L(' Y5(L( & '(<>R(M R5( /U:R M7\( R> (
7'(<R70(' >L  M[;>:7$
; /U:R / 7M UM(' Y57$5 L(@L(M(<RM R5( /U:R[ M7RUR7>< Y7R5 R5(
>UR2>Y J  & 3 >UR >/ <9 ? Y5(L( & 7M R5( @L;(R(L 47X(< 7< :( TD?D
^9 _O fBKA.X


     

  
    

 

  

 


    
 

+ 2+'+ eF=]C@ XgX].B


  
 
 
    

+ 2+2+ AF)@ ,>:WB F5 ]<. ]C@ XgX].B

5( M($><' /U:R 7M  :>$94( >/ R5( X:X(  . 7< R5( $:>M(' @>M7R7><D 57M /U:R
$< ( ;>'(::(' [ M(RR7<4 R5( X:X( $><MR<R & . R> \(L>D
5( (Z;@:( 7M UM(' />L 7::UMRLR7<4 R5( />::>Y7<4 '74<>MR7$ <' /U:R6R>:(L<R
$><RL>: @L>:(;M%
% @-= ==*1/ (R(L;7<( Y5(R5(L  /U:R 5M >$$ULL('D 5( X:X( /U:R $<
( '(R($R(' 'U( R> R5( '($L(M7<4 >UR2>Y /L>; <9 T& Y57$5 (X(<RU::[ X<6
7M5(MD >L R5( :(94( R5( @L>:(; 7M ;>L( 7<X>:X(' ($UM( <(7R5(L R5( 7<2>Y J 
<>L R5( :(X(: 3 L( MMU;(' R> ( ;(MUL('D (<$(& R5( MRR7><L[ >UR2>Y /L>;
<9 T 7M R5( M;( M (/>L( <' R5( :(94( <' R5( /U:R $< ><:[ ( />U<' [
M;:: '[<;7$: (//($RM R5R L( HX7M7:(I 7< R5( >UR2>Y ;(MUL(;(<R 8UMR /R(L
R5( :(94( >$$ULMD

% @-= *91-=*1/ (R(L;7<( Y57$5 @LR >/ R5( M[MR(; 7M /U:R[D

% @-= */=*#=*1/ (R(L;7<( R5( M7\( >/ R5( :(94(D

% @-= 1..1=*1/ (M74<  /U:R6R>:(L<R :(X(: $><RL>::(L R5R ;7<R7<M R5(


:7EU7' :(X(: 7< <9 ? R  47X(< M(R6@>7<R 7<'(@(<'(<R:[ >/ Y5(R5(L R5( :(94( 7M
@L(M(<R >L <>RD
_OI eF=]C@ XgX].B ^7

% 1/=81- 81/#'@8=*1/ < $M( >/ R5( X:X( /U:R& R5( UZ7:7L[ X:X(   5M R>
( UM('D 5( L($><04ULR7>< @L>:(; 7<$:U'(M R> A>/,>(++F 0<' R5R MY7R$56
7<4 R> R5( M($><' @7@( 7M R5( MRLR(4[ R> @@:[D

5(M( @L>:(;M L( $><M7'(L(' U<'(L '7//(L(<R $7L$U;MR<$(M Y5(L( R5( R<9 :(X6
(:M >L R5( >UR2>Y /L>; <9 T L( ;(MUL(' <U;(L7$::[ >L 7<  EU<R7M(' Y
5(L(/>L(& '7//(L(<R ;>'(:M L( @@L>@L7R( R> '(M$L7( R5( R<9 M[MR(; <' '7//(L6
(<R ;(R5>'M 5X( R> ( UM(' R> M>:X( R5( '74<>MR7$ @L>:(;D
>L R57M M7;@:( (Z;@:(& 7R 7M >X7>UM U<'(L Y5R $><'7R7><M <' 5>Y R5( 47X(<
@L>:(;M $< ( M>:X('D / R5( @U;@ 7M $><RL>::(' $$>L'7<4 R> :(X(: ;(MUL(;(<R
3 &  MRR7$ R<9 :(X(: Y7:: ( L($5('D >Y(X(L& R5( :(94( $< ><:[ ( />U<' 7/ R5(
'[<;7$: $5<4(M >/ R5( R<9 :(X(:M >L >/ R5( >UR2>Y /L>; <9 T L( R9(< 7<R>
$$>U<R& ($UM( R5( @U;@ 7M MMU;(' R> ( MRL><4 (<>U45 R> ;7<R7< R5( :(X(: >/
<9 ? R R5( @L(M$L7(' X:U( (X(< 7< $M( >/ R5( :(94(D (<$(& R5( M[MR(; 5M
R5( M;( MRR7$ (5X7>UL Y7R5 <' Y7R5>UR R5( /U:RD
5( '74<>MR7$ L(MU:R Y7:: $(LR7<:[ ( '7//(L(<R 7/ R5( >UR2>Y 7M R5( ><:[ ;(6
MUL(;(<R $>;@L(' Y7R5 R5( $M( 7< Y57$5 :: R<9 :(X(:M L( ;(MUL('D :M>& R5(
'74<>MR7$ @L>:(; ($>;(M ;>L( '7/0$U:R 7/ 7<MR(' >/ R5( <U;(L7$: X:U(M >/ R5(
R<9 :(X(:M ><:[ EU<R7M(' ;(MUL(;(<RM L( @>MM7:(D
/ J 7M < ''7R7><: ;(MUL(;(<R& R5( /U:R $< ( '(R($R(' [ $>;@L7<4 R5(
;(< X:U( >/ J Y7R5 7RM <>;7<: X:U(D / R57M X:U( 7M 7<$L(M('& ;>L( :7EU7'
2>YM >UR >/ <9 ? Y57$5 U<'(L R5( 47X(< $7L$U;MR<$(M $< ><:[ >$$UL 7/ R5( R<9
5M  :(94(D
5( /U:R6R>:(L<R $><RL>::(L 7M M7;@:[ />U<' M   6/(('$9 >/ R5( R<9 :(X(: 3
R>YL'M R5( @U;@ X(:>$7R[ T D >L L(M><:( :(94(M AL(M><:( X:U(M >/ J B
R5( $><RL>::(L 7M :( R> 5>:' R5( :(X(: R R5( @L(M$L7(' X:U( (X(< 7/ R5( /U:R >$$ULMD

1- 1" =( =/, 9D9=.6 5( RY> R<9M 5X( R5( :7EU7' :(X(:M 3 $P% <' 3. $P%&
Y57$5 L( UM(' M MRR( XL7:(M 7< R5( ;>'(: 47X(< (:>YD 5( :7EU7' 2>YM L(
'(<>R(' [ J& R5( 4L>U<' L( >/ R5( $[:7<'L7$ R<9M [ D 5( @L;(R(LM UM(' 7<
R5( (Z;@:( L( MU;;L7M(' 7< :( TD?D
5( />::>Y7<4 EMD ATD?B& ATDTB '(M$L7( R5( ;MM :<$(& Y5(L( R5( R<9 :(X(:M
3 <' 3. L( L(:R(' R> R5( :7EU7' 2>YM 7<'7$R(' 7< 74D TD? M />::>YM%
"
3 $P% $J $P% 4 J $P% 4 J . $P%% ATD?B

"
3 . $P%  $J . $P% 4 J. $P%%E ATDTB

5( ;(MUL(' M74<: J 7M @L>@>LR7><: R> R5( >UR2>Y J. %
J  &  8 J. E ATDSB
5( '7//(L(<R 2>YM UM(' 7< R5( (EUR7><M >X( $< ( >R7<(' [  

KM
:Y%
^[ _O fBKA.X

" 2+' >:CAX C, KWB.].WX F5 ]<. ]C@ XgX].B

WB.].W A`. C, `C>] .C>C:


1 + 1 'B( C@ A.d.AX >C B.].WX
F 'A\B>C( .X`W., F`]8Fe >C A>]W.X K.W B>C`].
P 'I( FC]WFA >CK`] ]F ]<. K`BK
F ' F ' F ' F 'B \X( FA`B. 8FeX >C )`$>) B.]W.X K.W X.)FC,

 A / 0  WFXX=X.)]>FC W. F5 $F]< ]C@X
1  0A)0  .>:<] F5 $F]< ]C@X
P
A0 FB>CA K`BK d.AF)>]g
P  A0 f>BA K`BK d.AF)>]g
% )A0 / 0 
4 K& AFe )FCX]C] F5 dAd. 
% -A0 / 0 
4 K& AFe )FCX]C] F5 ]<. F`]A.] F5 C@ _
% A0 / 0 
4 K& AFe )FCX]C] F5  A.@:. >C C@ I
% -A0 K  / 4 ! FCX]C] F5 F`]8Fe X.CXFW
F A / 0  K& AFe )FCX]C] F5 ]<. K`BK

 /
& . * $3 $P% 4 3. $P%% !3 $P% 4 3. $P%! 7/  . 7M >@(<
J . $P%  ATD3B
4 (:M(
 /
&. 3. $P% 7/ 3. $P% 2 4
J. $P%  ATD1B
4 (:M( (

T$P% 8 J 7/ 3 $P% / 3 
J $P%  ATDPB
4 (:M( (
 /
& 3 $P% 7/ 3 $P% 2 4 <' <9 ? 5M  :(94(
J $P%  ATDOB
4 (:M(E
5( @U;@ 7M $><RL>::(' [ R5( M($UL7R[ MY7R$56>// 7<$:U'(' 7< R5( :(X(: $><RL>::(L 
M5>Y< 7< R5( 04UL( MU$5 R5R R5( :(X(: 7< <9 ? 7M ;7<R7<(' (:>Y R5( 5(745R 3  D
5( @U;@ X(:>$7R[ 7M 47X(< [ R5( $><RL>: 7<@UR T D RM <>;7<: X:U( 7M 47X(< [
T  T & <' 7RM ;Z7;: X:U( [ T  D /  $><RL>: @L>:(; M5>U:' ( 7::UMRLR('
7< R5( :R(L $5@R(LM& R5(< ED ATDPB 7M MU@@:(;(<R(' Y7R5 < (EUR7>< '(M$L77<4 R5(
$><RL>: :Y T  7$3 %D
5( (EUR7><M 47X(< >X( L( 5[L7' ($UM( R5([ 7<$:U'( '7//(L(<R7: <' :4(6
L7$ (EUR7><M M Y(:: M MY7R$57<4 $><'7R7><M& Y57$5 L(MU:R /L>; R5( @5[M7$: :YM
<' /L>;  M($UL7R[ MY7R$5 7<MR::(' R <9 ?D 5(L(/>L(& R5( '7//(L(<R7: (EUR7><
7<$:U'(M M(X(L: 7<(EU:7R7(M R5R '(M$L7( R5( X:7'7R[ L<4( >/ R5( 47X(< /U<$R7><MD
5( R<9 Y7:: ( UM(' 7< ;<[ @:$(M R> 7::UMRLR( ;(R5>'M <' L(MU:RMD >L M7;6
@:7$7R[& >/R(< R5( @L;(R(L  7M M(R R> ><( M> R5R R5( ;>'(: 4(RM R5( M7;@:(L />L;
3  J, $P% 4 J6 $P%E
_O_ <>K X]..W>C: C, ]W)@ )FC]WFA ^Z

3+3 !* .1-!& & 1-# (&1-($


57@ <X74R7>< <' MR((L7<4 7M UM(' M < (Z;@:( R> 7::UMRLR( '7//(L(<R ;(R5>'M 7<
>R5 '74<>M7M <' /U:R6R>:(L<R $><RL>:D  M57@ 7M 7::UMRLR(' 7< 74D TDSD 5( M57@
7M MR((L(' [ 7RM LU''(L& R5( <4:( >/ Y57$5 7M *E 5( M57@M 5('7<4 <4:( 7M '(<>R('
I( R5( RUL< LR( B, E 5( M57@ X(:>$7R[ 5(' 7M U & X(:>$7R[ M7'(Y 7M U. D

  

 



 

+ 2+1+ F]>FC F5  X<>K X]..W., $g >]X W`,,.WO  W`,,.W C:A. ]F KFW]
X>,. LA.5]M :.C.W].X  ]`WC ]F ]<. KFW] X>,. F5 ]<. X<>KO <.C ]`WC>C: ]F
KFW]+ ]<.W. >X AXF  X>,. d.AF)>]g ]FeW,X X]W$FW, LW>:<]MO

> <X74R(  M57@& 7</>L;R7>< 7M <(('(' >< 7RM @>M7R7>< <' 5('7<4 <4:( M 
;7<7;U;D < $><0<(' YR(LM& '7MR<$( 7M <(('(' R>  '(M7L(' RL$9 R5R R5( M57@ 7M
MU@@>M(' R> />::>YD
5>U:' <X74R7>< 'R ( YL><4& M57@M ;[ $>::7'( Y7R5 <9M >L Y7R5 >R5(L
X(MM(:MD M U<(Z@($R(' ;<>(UXL(M $< 5X( /7L:[ M(L7>UM $><M(EU(<$(M& <RUL:
@(L/>L;<$( L(EU7L(;(<RM (Z7MR R> '74<>M7M <' /U:R6R>:(L<R $><RL>: :4>L7R5;MD
(EU7L(;(<RM L( '(L7X(' /L>; R5( ;Z7;: ;>R7>< R5( M57@ $>U:' ;9( (/>L( 
/U:R YM '74<>M(' <'  L(;('7: $R7>< R9(<D

1/=81- .196 < >UL M57@ MR((L7<4 (Z;@:(& R5L(( :(X(:M >/ MR((L7<4 $><RL>: L(
$><M7'(L('
% <' MR((L7<4D 5( LU''(L '(;<' 7M ;<U::[ M(R [  5(:;M;<D
% >ULM( $><RL>:D < UR>@7:>R M(RM R5( LU''(L '(;<' $$>L'7<4 R> R5( '(X7R7><
(RY((< 7<MR<R<(>UM 5('7<4 <'  '(;<'(' $>ULM( A5('7<4 L(/(L(<$(BD 5(
M57@KM RUL< LR( 7M UM(' />L '(L7XR7X( $><RL>: $R7><D
% L$9 $><RL>:D  M(R >/ Y[6@>7<RM M@($7/[  '(M7L(' RL$9 />L R5( M57@ R> />::>YD
5( '7MR<$( >/ R5( M57@ R> R5( RL$9 7M $:$U:R(' <' UM(' [ R5( RL$9 $><RL>::(L
R> $>;;<'  5('7<4 L(/(L(<$( R> R5( 5('7<4 $><RL>::(LD 57M L(/(L(<$( 7M U@6
'R(' 7< ($5 M;@:7<4 $[$:( [ R5( RL$9 $><RL>::(LD
 :>$9 '74L; >/ R5( M57@ Y7R5 R5( >X( ;(<R7><(' $><RL>::(LM 7M M5>Y< 7<
74D TD3D
^2 _O fBKA.X

       

                             
         


 
         
 
 
                  

 
   

  

+ 2++ X),., W)<>].)]`W. F5 )FC]WFAA.WX 5FW X<>K X]..W>C:O <.


>CC.WBFX] AFFK >X BC`A X]..W>C: e>]< W`,,.W ,.BC, X >CK`]O <.
X.)FC, AFFK KWFd>,.X `]FB]>) <.,>C: )FC]WFA+ ]<. ]<>W, >BKA.B.C]X
`]FB]>) ]W)@ )FC]WFAO

/9=8@./==*1/6 5( M57@ ;>R7><M <' @>M7R7>< L( ;(MUL(' UM7<4 '('7$R(' M(<6
M>LMD 5( M57@KM 5('7<4 7M ;(MUL(' [ M>;( />L; >/ 4[L> $>;@MM& '7MR<$( R> 
'(M7L(' RL$9 7M $:$U:R(' /L>;  @>M7R7>< ;(MUL(;(<R& Y7R5 R5( @>M7R7>< ;(MUL('
[   A:>: >M7R7><7<4 [MR(;B L($(7X(LD Y> 7'(<R7$: 4[L> $>;@MM(M L(
$>;;><:[ X7::( 'U( R> R5( $L7R7$: <RUL( >/ R5( 5('7<4 ;(MUL(;(<RD < R5(
M(EU(:& Y( Y7:: $><M7'(L R5( />::>Y7<4 R[@(M >/ 7<MRLU;(<RM
% <MRLU;(<RR7>< Y7R5 4[L> $>;@MM <' LR( 4[L> M RY> M(@LR( U<7RMD 5( RY>
;(MUL(;(<RM L( 7<'(@(<'(<RD
% (MUL(;(<R >/ RL$9 (LL>L [  <X74R7>< $>;@UR(L R5R ;(MUL(M M57@KM @>M76
R7>< UM7<4   L($(7X(LD

@-=96 >L R5( (Z;@:( Y( $><M7'(L />UL @>MM7:( /U:RMD 5(M( /U:RM <' R5(
$><M(EU(<$(M R5([ Y7:: 5X( 7< R5( (Z;@:( L( M />::>YM%
% @-= */ =( (*/' .9@8./= < 5('7<4 $><RL>: ;>'(& R57M /U:R Y7::
$UM( R5( M57@ R> MR((L  YL><4 $>ULM(D < RL$9 $><RL>: ;>'(& R5(L( Y7:: ( 
@(L;<(<R RL$9 (LL>L @L(M(<RD
% @-= */ =( =@8/ 8= .9@8./= < 5('7<4 $><RL>: ;>'(& R57M /U:R Y7::
$UM(  RL<M7(<R (LL>L 7< R5( 5('7<4& UR Y7:: R5(< ( $>;@(<MR(' [ R5( $><6
RL>::(LD  M7;7:L (5X7>UL Y7:: ( M((< 7< RL$9 $><RL>: ;>'(D
% @-= */ =( .9@8./= 1" *9=/ =1 =( 9*8 =8, 57M 5M <> (//($R
7< 5('7<4 $><RL>:D < RL$9 $><RL>: ;>'(& R5(L( Y7:: ( < >//M(R (EU: R> R5( M7\(
>/ R5( /U:RD
% @-= */ =( =8, 1/=81--8 R $UM(M R5( 5('7<4 '(;<' >UR@UR /L>; R57M
$><RL>::(L R> L(;7< R R5( X:U( 7R 5' Y5(< R5( /U:R >$$ULL('D 7R5 5('7<4
'(;<' (7<4 7<@UR R> R5( 5('7<4 $><RL>::(L& R57M Y7:: M>><(L >L :R(L $UM( R5(
M57@ R> MR((L Y[ /L>; R5( '(M7L(' RL$9D
_O_ <>K X]..W>C: C, ]W)@ )FC]WFA ^D

5( M(<M>L /U:RM L( ;>'(::(' M ''7R7X( /U:RMD 5( LR( 4[L> ;(MUL(M B,2 <'
R5( 4[L> ;(MUL(M R5( 5('7<4 <4:( I2 D 57M 7M 7::UMRLR(' 7< R5( :>$9 '74L; 7<
74D TD1D

D/.*9 1" =( 9(*36 <  M57@&  '(M7L(' RUL< LR( 7M >R7<(' [ RUL<7<4 R5(
LU''(L R>  $(LR7< <4:(D 5( 7<@UR XL7:( 7M 5(<$( LU''(L <4:( <' R5( >UR@UR 7M
RUL< LR(D X(M $R M < '7MRUL<$( R> R5( RUL< LR(& <' R5( $>;7<(' M74<: 7M
7<R(4LR(' R> 47X( R5( $RU: 5('7<4 >/ R5( M57@D 57M '[<;7$M 7M 7::UMRLR(' 7< R5(
:>$9 '74L; TD1D UL< LR( <' 5('7<4 <4:( L( ;(MUL(' XL7:(M& R5( M(<M>LM
L( MU8($R R> /U:RMD 5(M( L( ''(' M /U:R M74<:M 7< 74D TD1D

  

      
 
 
 


  

   


  
 

 
 

       
        

                     
+ 2++  X>BKA. ,gCB>)A BF,.A F5  X<>K X]..W., $g ]<. W`,,.WO
d.X )] X `C@CFeC >CK`] C, B.X`W.B.C] 5`A]X W. )FCX>,.W., FC
]`WC W]. C, <.,>C: C:A. B.X`W.B.C]XO

5( />::>Y7<4 (EUR7><M '(M$L7( R5( MR((L7<4 @L>:(; UM7<4 R5( M7;@:( ;>'(:D
X(M $><RL7UR( R> RUL< LR( [ BJ D 5( $><RL>: 7<@UR 7M R5( LU''(L <4:( *D 5(
;(MUL(' M74<:M L( I2 <' B,2 D
< M($R7><M '(:7<4 Y7R5 R5( MR>$5MR7$ $M(& ;(MUL(;(<R <>7M( L( @L(M(<R ><
M(<M>L M74<:MD / @7 $P% <' @= $P% L( <>7M( M74<:M >< R5( RUL< LR( >L 5('7<4 ;(6
MUL(;(<RM& L(M@($R7X(:[&
B , $P%  $$*$P% '
$B, %%

I$P%  B, $P% ' BJ $P%
ATD+B
I2 $P%  I$P% ' /= $P% ' @= $P%
B,2 $P%  B, $P% ' BJ $P% ' /7 $P% ' @7 $P%
Y5(L(
$B% 7M R5( MR('[ MRR( L(:R7>< (RY((< RUL< LR( <' LU''(L <4:(D < R5(
:7R(LRUL(& R57M 7M R5( MR((L7<4 $5L$R(L7MR7$ >/ R5( M57@D
< R5( (Z;@:(& Y( RL(R R5( MR((L7<4 $5L$R(L7MR7$ M :7<(L MU$5 R5R

$B, %  . B,
9i _O fBKA.X

5( M74< $><X(<R7>< 7M R5R <4:(M L( R9(< @>M7R7X( L>U<' R5( R57L' Z7M& Y57$5
@>7<RM '>Y<YL'M M M((< /L>;  MUL/$( M57@D  @>M7R7X( LU''(L <4:( A$:>$9Y7M(B
Y7:: RUL< R5( M57@ $>U<R(L6$:>$9Y7M(& Y57$5 $>LL(M@><'M R>  <(4R7X( X:U( >/ RUL<
LR(D (<$(& . 7M <(4R7X( />L  M57@ R5R 7M '7L($R7><::[ MR:(D
< R5( L(: Y>L:'& R5( L(:R7>< (RY((<  LU''(L <4:( <' R5( RUL< LR( 7M <>R :7<(LD

$B, %  .2 ' . B, ' .. !B, ! B,
L4( R<9(LM >L $><R7<(L M57@M ;[ ( '7L($R7><::[ U<MR:( 7<  L(47>< L>U<'
L>U<' \(L> RUL< LR( <4:(D 57M 7M  $><M(EU(<$( >/  :<$( (RY((< 5['L>'[6
<;7$: />L$(M >< R5( 5U::D M RUL< LR( U7:'M U@&  '7L($R7><::[ U<MR:( M57@ (X(<6
RU::[ ($>;(M MR:(D  '7L($R7><::[ U<MR:( M57@ Y7:: (<R(L 7<R>  MR('[ RUL< <'
;>X( 7<  $7L$:( 7/ R5( LU''(L 7M :(/R 7< <(URL: @>M7R7><D  '7L($R7><::[ U<MR:( M57@
Y7:: ( UM(' R> 7::UMRLR( '74<>M7M R($5<7EU(M />L U<MR:( @5[M7$: M[MR(;MD
5( XL7:(M <' @L;(R(LM 7< R5( M57@ (Z;@:( L( :7MR(' 7< :( TDT
" 2+2 >:CAX C, KWB.].WX F5 ]<. X<>K X]..W>C: .fBKA.

WB.].W gK>)A dA`. C, `C>] .C>C:


> ' >: ',.:\X( `WC W]. LC:`AW d.AF)>]g >C geM
E ',.:( <>KVX <.,>C: C:A.
) ',.:( `,,.W C:A.
/ I ' ,.:(\',.:( >C >C <.,>C: )FC]WFA
+ _ ',.:(\',.:\X( ]. :>C <.,>C: )FC]WFA
 I ',.:(\'B( >C >C ]W)@ )FC]WFAA.W
# _O_ ',.:\X (\',.:( >C 5)]FW 5FW X<>K
,$ iOi ',.:( `,,.W $>X
, =IiOi ',.:/ X (\',.:( AFK. F5 X]..W>C: )<W)].W>X]>)
L]$A. X<>KM
, =_iOi ',.:(\',.: \X ( _C, FW,.W KWB.].W >C X]..W>C:
)<W)].W>X]>)
Q Ii 'B\X( <>KVX 5FWeW, XK.., LX`W:.M

*/' 1/=81-6 5( UR>@7:>R R> $><RL>: R5( M57@ 5('7<4 7< R57M (Z;@:( 7M 
:7<(L EU'LR7$ '(M74<& (EU7X:(<R R>   $><RL>::(L Y7R5>UR <[ 0:R(L7<4& M74<:
M;>>R57<4 >L 7<R(4L: $R7><
*$P%  7 B,2 ' = $I' 4 I2 %E ATD=B
 :>$9 '74L; >/ R5( UR>@7:>R :>>@ 7M M5>Y< 7< 74D TDPD

8, 1/=81-6 L$9 $><RL>: ;(<M R5R R5( M57@ 7M $>;;<'(' R> />::>Y  :7<(
A4L(R $7L$:(B >X(L R5( M( >RR>;D 5( '(M7L(' RL$9 7M M@($70(' R> R5( $><RL>::(L&
<' @>M7R7>< 7<MRLU;(<RM @L>X7'( R5( RL$9 (LL>LD 5( $><RL>: L$57R($RUL( />L RL$9
$><RL>: YM M5>Y< 7< 74D TD3D
_O^ f.W)>X.X 9I

  

    
    
 
 
    

  

+ 2+/+ >BKA. <.,>C: )FC]WFAA.W L`]FK>AF]M 5FW ]<. X<>K .fBKA.

7@*8./=96 5( L(EU7L(;(<R R> /U:R6R>:(L<R $><RL>: />L R5( M57@ MR((L7<4 (Z6
;@:( L( R5( />::>Y7<4
% < U<'(M7L(' :R(LR7>< 7< R5( M57@ 5('7<4 $I% ;UMR <>R (Z$((' 1 '(4D
% < U<'(M7L(' :R(LR7>< 7< R5( M57@ RUL< LR( $B, % ;UMR <>R (Z$((' ]DT '(4QM
% < U<'(M7L(' :R(LR7>< 7< R5( M57@ @>M7R7>< L(:R7X( R> R5( RL$9 $+% ;UMR <>R
(Z$((' 1 ;
% < U<'(M7L(' :R(LR7>< 7< R5( M57@ X(:>$7R[ @(L@(<'7$U:L R> R5( RL$9 $+% ;UMR
<>R (Z$((' ]D1 ;QM

5(M( L(EU7L(;(<RM $< ( UM(' M >8($R7X( ;(MUL(M />L L(EU7L(;(<RM $@RUL(&


7<$:U'7<4 '(R($R7>< '(:[ <' R7;( R> L($><04UL(D

3+2 7-!..

6,- 2+' (% ( /!#) 6'&#/


X>C: ]<. CF]]>FC 5WFB .)]>FC _O_+ ]<. ,gCB>) BF,.A F5  X<>K >X
>   # , > # , > ! # #)
E  >  # >:
T  E
T  E
T  )

IO .W>d.  A>C.W BF,.A >C X]].=XK). 5FWB+ A>C.W>X>C: $F`] ]<. KF>C] F5 FK.W]>FC
>   >* ' E  E* ' )  )*
_O >C, AXF ]<. BF,.A 5FW ]<. XK.)>A )X.
   0' E  0' )  0A 
>

 

#  +   #+#%#

0  (0(*(   ! '! ' * -."! *(# ( "


*' (,'(( *  !*! (#  ! * (,  "*'( ,(( ! 
! *( !( !' ,*  !((   ,**!' * ! *'!#

2+) 4&%&1$ &(1!(&.

U:R6R>:(L<R $><RL>: 7M M(' >< ;>'(:MD 5(M( ;>'(:M 5X( R> '(M$L7( R5( <>;76
<: M Y(:: M R5( /U:R[ M[MR(;D 5( />::>Y7<4 7<RL>'U$(M R5( '7//(L(<R ;>'(:M Y57$5
$< ( UM(' />L /U:R6R>:(L<R $><RL>:& MRLR7<4 Y7R5 R5( '(0<7R7>< >/  M[MR(; M  M(R
>/ 7<R(L$><<($R(' $>;@><(<RM& <' 7<RL>'U$7<4 /U:RM M (X(<RM Y57$5 @L(X(<R R5(
M[MR(; $>;@><(<RM R> @(L/>L; R5( /U<$R7>< R5([ 5X( ((< '(M74<(' />LD

D/.*- 9D9=.96  M[MR(; 7M  M(R >/ 7<R(L$><<($R(' $>;@><(<RMD $5 >/ R5(
$>;@><(<RM 5M ((< $5>M(< A>L '(M74<('B [ R5( M[MR(; (<47<((L M> M R> $57(X(
M>;( /U<$R7>< >/ 7<R(L(MRD  /U<$R7>< '(M$L7(M Y5R R5( '(M74< (<47<((L (Z@($RM
R5( $>;@><(<R R> @(L/>L;& 7<'(@(<'(<R:[ >/ 5>Y 7R 7M @(L/>L;('D  $>;@><(<R
@(L/>L;M M>;( /U<$R7>< ($UM( 7R 5M ((< '(M74<(' M> M R> (Z@:>7R M>;( @5[M7$:
@L7<$7@:(M& Y57$5 7< 4(<(L: L( (Z@L(MM(' [ M>;( L(:R7><M57@M (RY((< R5( R7;(
(X>:UR7>< >/ M>;( M[MR(; XL7:(MD U$5 L(:R7><M57@M L( $::(' /-9>8(->9& <'
R5( R7;( (X>:UR7>< >/  XL7:( 7M $::(' 7RM >8)>/8FD
5( $>;@><(<RM L( 7<R(L$><<($R(' [ (<(L4[ >L 7</>L;R7>< 2>YMD <(L4[ 2>YM
$5L$R(L7M( @5[M7$: M[MR(;M& Y57$5 L( $::(' H@L>$(MMID </>L;R7>< 2>YM $5L6
$R(L7M( 7</>L;R7>< <' $><RL>: M[MR(;MD
> 7::UMRLR( R5(M( <>R7><M& $><M7'(L />L (Z;@:(  R<9D HR>L4(I& Y57$5 7M R5(
A->(/- $:MM7$::[ MM>$7R(' Y7R5 7R& L(/(LM R>  M@($7: >@(LR7<4 ;>'( 7< Y57$5
R5( 7<@UR <' R5( >UR@UR 2>YM L( >R5 (EU: R> \(L>D < R5R ;>'(& R5( ;MM 7< R5(
99 ^O F,.AX F5 ,gCB>)A XgX].BX

R<9 MR $><MR<R& Y57$5 7<'((' 8UMR70(M R5( HMR>L4(I '(<>;7<R7><D >Y(X(L&
;<[ '7//(L(<R /U<$R7><M $>U:' ( MM74<(' R>  R<9& />L (Z;@:( R5( '($>U@:7<4
AM;>>R57<4B >/ R5( >UR@UR 2>Y /L>; M>;( XL7R7><M >/ R5( 7<@UR 2>YD 57M (Z;@:(
M5>YM R5R R5( <>R7>< >/ /U<$R7>< 7M <>R U<7X>EU(& U<:(MM R5( /U<$R7>< 7M U<'(LMR>>'
R5L>U45 R5( ;R5(;R7$: (Z@L(MM7>< >/ R5( $><MRL7<R R5R 7R 7<RL>'U$(MD < R5( R<9
(Z;@:( R5( R<9 /U<$R7>< Y>U:' ( R5( H7<R(4LR7><I ><(& M7<$( R5( MM>$7R(' $><6
MRL7<R 7M
)3$P%
 J, $P% 4 J6 $P%(
)P
Y5(L( 3$P% 7M R5( :(X(: >/ R5( :7EU7' $><R7<(' 7< R5( R<9 R R7;( P <' J, $P% <'
J6 $P% L( R5( 7<2>Y <' >UR2>Y R R7;( PD

1/=81-- 9D9=.96 >;( >/ R5( $>;@><(<RM ;[ 5X( ((< 7<RL>'U$(' Y7R5 R5(
7; >/ $><RL>::7<4 R5( @L>$(MM& 7D(D (7<4 :( R> $5>>M(& (RY((< :: R5( @>MM7:(
M[MR(; RL8($R>L7(M& R5( ><( Y57$5 Y7:: L7<4 M>;( (Z@($R(' L(MU:R A$/D 74D SD?BD
5>M( $>;@><(<RM Y57$5 ::>Y R> 7;@>M( R5( RL8($R>L[ >/  47X(< XL7:( A>L R>
7<2U(<$( R5( RL8($R>L[ >/  47X(< XL7:(B L( $::(' $RUR>LMD 5([ (MR:7M5 M>;(
$><MRL7<R (RY((< R5( XL7:(M >/ R5( @L>$(MM <' M>;( $><RL>: XL7:(& Y57$5 7M
$::(' H$><RL>: M74<:ID

 
               

   

         

+ 1+'+ FC]WFAA., XgX].B

>L (Z;@:(& R5( /U<$R7>< >/ < 7<@UR X:X( 7M R> $><RL>: R5( 7<@UR 2>Y 7< M>;(
R<9D < <:>4 7<@UR X:X( 7M MM>$7R(' Y7R5 R5( $><MRL7<R
/
J, $P%  7T$P% C$P%(
Y5(L( 7 7M M>;( $><MR<R @L;(R(L& T$P% 7M R5( $><RL>: M74<: <' C$P% 7M R5(
'7//(L(<R7: @L(MMUL( >< >R5 M7'(M >/ R5( X:X(D >R( R5R& M 7R 7M M((< /L>; R5(
(Z@L(MM7>< >/ R5( $><MRL7<R& R5( 7<@UR X:X( $RU::[ $><RL>:M R5( 7<@UR 2>Y ><:[
Y5(< R5( '7//(L(<R7: @L(MMUL( C$P% 7M $><RL>::(' A>L 0Z('B [ <>R5(L ;(<MD <
@L$R7$(& R5( M74<: T$P% $><RL>:M R5( LR7> ;> "D# E
8"D#
/ 7<MR(' >/  $><R7<U>UM X:X( < ><6>// X:X( 7M UM('&  '7//(L(<R $><MRL7<R 7M
MM>$7R('& <;(:[
T$P%  4  J, $P%  4
T$P%  "  J, $P%  #(
^OI `C,B.C]A CF]>FCX 97

Y5(L( # 7M  47X(< $><MR<R <' 4( " L( RY> :>47$ X:U(M Y57$5 MR<' />L R5( $><RL>:
M74<:M H$:>M(' X:X(I >L H>@(< X:X(I& L(M@($R7X(:[D

$RUR>LM ;[ ( 'L7X(< A7D(D $><RL>: M74<:M ;[ ( 4(<(LR('B [ 5U;< >@6
(LR>LM >L [ $><RL>: :4>L7R5;MD < >R5 $M(M& $:>M('6:>>@ $><RL>: '(;<'M M>;(
7</>L;R7>< >UR R5( $RU: X:U(M >/ M>;( M[MR(; XL7:(M R> ( 9<>Y<D (<M>LM
L( $>;@><(<RM Y57$5 L( '(M74<(' M> M R> @L>X7'( R57M 7</>L;R7><D < (Z;@:(
>/ MU$5  $>;@><(<R 7M  :(X(: M(<M>L& Y5>M( /U<$R7>< 7M R> @L>X7'( < 7;4( >/ R5(
$RU: :(X(: 7< R5( R<9D < <:>4 M(<M>L 7M MM>$7R(' Y7R5 R5( $><MRL7<R
Y$P%  3$P% ' ,$P%(
Y5(L( Y$P% 7M R5( M74<: @L>X7'(' [ R5( M(<M>L R R7;( P <' ,$P% 7M M>;( MR>$5MR7$
@L>$(MM Y57$5 ;>'(:M R5( ;(MUL(;(<R <>7M(& (D4D Y7R5 <>L;: '7MRL7UR7><  $4( N%D
 '7M$L(R( M(<M>L 7M MM>$7R(' Y7R5  $><MRL7<R (Z@L(MM(' [  M(R >/ LU:(M& <
(Z;@:( >/ Y57$5 7M 47X(< 7< R5( />::>Y7<4 R:(
3$P% )
4( #
 Y$P%  4
3$P% )
#( %
 Y$P%  "
3$P% )
%( 1
 Y$P%  $
3$P% ) ,1  Y$P%  &(
Y5(L( "( $( & <' #( %( 1 L( 47X(< $><MR<RMD

5UM  $><RL>::(' M[MR(; 7M  EU'LU@:(


;@L>$(MM& $RUR>LM& M(<M>LM& $><RL>: '(X7$(M <' :4>L7R5;M2D

6#(" 1+' #' %"1'$ /6/1&


FCX>,.W ]<. 5FAAFe>C: )FC]WFAA., XgX].B
7L]C@+ F`]K`] K>K.M+ >CK`] dAd.+ A.d.A X.CXFW+ A.d.A )FC]WFAA.W0O
 FBKFC.C] I* C@
`C)]>FC* >C].:W]>FC
FCX]W>C]* "5
5
 F# L! , F* L!

 FBKFC.C] _* C=F55 >CK`] dAd.


`C)]>FC* )FC]WFA ]<. >CK`] 8Fe
FCX]W>C]* F# L!  " >5 P L!  
F# L!  0 >5 P L!  0

 FBKFC.C] ^* `]K`] K>K.


`C)]>FC* ,.A>d.W ]<. F`]K`]
/ 8Fe
FCX]W>C]* F$ L!  4 1 L! e<.W. 4 >X XFB. KWB.].W L]<. F`]K`] KW.XX`W. >X X`KKFX.,
]F $. @CFeCMO

 FBKFC.C] 9* CAF: A.d.A X.CXFW


`C)]>FC* KWFd>,. C >B:. F5 ]<. )]`A A.d.A >C ]<. ]C@
FCX]W>C]* T L!  1 L! # + L!+ + 4  0' J!
9[ ^O F,.AX F5 ,gCB>)A XgX].BX

 FBKFC.C] 7* C=F55 )FC]WFA A:FW>]<B


`C)]>FC* W.:`A]. ]<. A.d.A >C ]<. ]C@
FCX]W>C]* >5 T L! ( 1$ , G ]<.C P L!  +
>5 T L! % 1$ # G ]<.C P L!  0+ e<.W. 1$ C, G W. :>d.C )FCX]C]XO 

@-=96 [MR(;M L( '(M74<(' 7< >L'(L R> $57(X( M>;( >8($R7X(MD >L;: >@(L6
R7>< 7M < >@(LR7<4 ;>'( 7< Y57$5 R5( M[MR(;KM >8($R7X(M L( $57(X('D >L;:
>@(LR7>< 7M '(0<(' M R5( M7;U:R<(>UM >$$ULL(<$( >/ RY> M7RUR7><M%
?D 5( $>;@><(<RM @(L/>L; @L>@(L:[ R5( /U<$R7><M R5([ 5X( ((< MM74<('D 57M
;(<M R5R R5([ L(::[ (5X( M R5( '(M74<(L (Z@($R(' Y5(< 5( '(M74<(' R5(;&
7D(D R5( $><MRL7<RM R5([ @@:[ R> R5( M[MR(; XL7:(M L( R5( <>;7<: ><(MD
TD 5( XL7:(M >$$UL7<4 7< R5( $>;@><(<R $><MRL7<RM 5X( X:U(M 7< M>;( '>6
;7< R5R L( $>;@R7:( Y7R5 R5( M[MR(;KM >8($R7X(MD
L>; R57M& 7R />::>YM R5R RY> 97<'M >/ /U:RM $< ( '7MR7<4U7M5('D ->8-+ A+>9
$5<4( R5( $><MRL7<RM '(M$L77<4 R5( $>;@><(<RMD E>8-+ A+>9 L( MM>$7R('
Y7R5 XL7:(M Y5>M( X:U( '>(M <>R ::>Y R> $57(X( R5( M[MR(;KM >8($R7X(MD R
$< ( <>R7$(' R5R 7<R(L<: /U:RM L(/(L R> R5( M[MR(;KM MRR( Y57:( (ZR(L<: /U:RM
L(/(LM R> R5( M[MR(; >8($R7X(MD <'(('& 5(:R5[ M[MR(;M ;745R ( U<:( R> $57(X(
R5( >8($R7X(M R5([ 5X( ((< MM74<('& M R5( L(MU:R >/ 7<'(EUR( 7<@UR M74<:M >L
MRL><4 '7MRUL<$(MD < R5( $><RLL[& /U:R[ M[MR(;M ;745R MR7:: ( :( R> $57(X(
R5(7L >8($R7X( R5L>U45 /U:R $$>;;>'R7>< @L>$('UL(MD

6#(" 1+2 '1.'% 2%1/ ( 1! 1'$


FCX>,.W ]<. X>C:A.=]C@ XgX].BO fBKA.X F5 >C].WCA 5`A]X W. ]<. 5FAAFe>C:*
 WF).XX 5`A]* <. ]C@ >X A.@>C:O
<.C ]<. ,.X)W>K]>FC F5 FBKFC.C] I >C]WF,`)., >C fBKA. ^OI >X W.KA)., $g*
FBKFC.C] I* .@>C: ]C@
FCX]W>C]* "5
5
 F# L! , F* L! , F& L! e<.W. F& L! >X XFB. L`C@CFeCM A.@:. 8FeO

 )]`]FW 5`A]* <. >CK`] dAd. >X $AF)@., FK.CO


<.C FBKFC.C] _ >X ,.X)W>$., $g*
FBKFC.C] _* AF)@.,=FK.C >CK`] dAd.
FCX]W>C]* F# L!  " e<].d.W ]<. dA`. F5 P L!O

 .CXFW 5`A]* <. B.X`W.B.C] CF>X. <X >BKWFK.W X]]>X]>)A )<W)].W>X]>)XO


<.C FBKFC.C] ^ >X ,.X)W>$., $g*
FBKFC.C] ^* .d.A X.CXFW
FCX]W>C]* T L!  1 L! # + L! e>]< + 4  0' ! L>CX]., F5  0' J!MO 

6#(" 1+1 51.'% 2%1 ( 1! 1'$


FBKFC.C] 9 ,.6C., >C fBKA. ^OI >X  )FC]WFA A:FW>]<B e<FX. 5`C)]>FC >X ]F W.:`A]. ]<.
A.d.A >C ]<. ]C@+ ]<. F$?.)]>d. $.>C: ]F @..K 1 L! e>]<>C ]<. >C].WdA 1 $ , G' 1$ # G! 5FW Cg
^O_ F,.AA>C: ]<. XgX].B W)<>].)]`W. 9Z

>C>]>A dA`. F5 ]<. A.d.A e<>)< $.AFC:X ]F ]<>X >C].WdAO F]. ]<] ]<>X F$?.)]>d. >X .fKW.XX.,
>C ].WBX F5 ]eF >C.Q`A>]g )FCX]W>C]X*
1 L! ( 1$ # G
1 L! % 1$ , GA
<. )FC]WFA X>:CA :.C.W]., $g ]<>X A:FW>]<B >X ]<. >CK`] F5 FBKFC.C] _ L]<. )]`]FWM
e<>)< ,.A>d.WX C >CK`] 8Fe " >5 T L! ( 1$ , G <FA,XO ] >X .X>Ag X..C ]<] .d.C >C ]<.
$X.C). F5 Cg >C].WCA 5`A]+ ]<. XgX].B F$?.)]>d. )CCF] $. )<>.d., 5FW F`]K`] 8FeX F $ L!
e<>)< X]>X5g+ >C XFB. ]>B. >C].WdA L ' L !+ ]<. W.A]>FC
5
F$ L!(L 0 1 L ! # " L , L ! , 1$ # GA
5

C. )C AXF CF]>). ]<] >C ]<. KW.X.C). F5  A.@:. >C ]<. ]C@ L>C].WCA 5`A]M+ ]<. XgX].B
F$?.)]>d. Bg X]>AA $. )<>.d., KWFd>,., ]<] ]<. $Fd. >C.Q`A>]g ,F.X CF] <FA, e<.C F $ L!
>X W.KA)., $g F$ L! # F& L!O 

2+3 ($$!& 1 .8.1% -!114-

(<(L7$ $>;@><(<R ;>'(:M '(M$L7( R5( M[MR(; L$57R($RUL(& [ '(M$L77<4 R5( M[M6
R(; $>;@><(<RM <' R5(7L 7<R(L$><<($R7><D >L (Z;@:(& M(<M>LM& $RUR>LM& U<7RL[
@L>$(MM '(X7$(M L( (:(;(<RL[ $>;@><(<RM& UR 5745(L :(X(: ><(M $< ( U7:R /L>;
R5(7L 7<R(L$><<($R7><D  M(R >/ 7<R(L$><<($R(' $>;@><(<RM $< ( M((<& R  5745(L
57(LL$57$: :(X(:& M ><( M7<4:( $>;@:(Z 44L(4R(' $>;@><(<RD >L (Z;@:(& R5(
44L(4R7>< >/  R<9& < 7<@UR X:X(& < >UR@UR @7@(&  :(X(: M(<M>L <'  L(4U:R>L
AY7R5 $><M7MR(<R $><<($R7>< (RY((< R5(;B 7M  57456:(X(: $>;@><(<R& <;(:[ R5(
M7<4:(6R<9 M[MR(;D 5UM& $>;@><(<RM $< ( $><M7'(L(' R <[ :(X(: 7< R5( M[MR(;
57(LL$57$: '($>;@>M7R7><& <' <[ MUM[MR(; A7<$:U'7<4 R5( Y5>:( M[MR(; 7RM(:/B
$< ( $><M7'(L(' M  $>;@><(<RD
5(L(/>L(& R5( M[MR(; L$57R($RUL( $< ( '(M$L7(' [ 7<MR<R7R7<4  4(<(L7$
$>;@><(<R ;>'(:& R <[ :(X(: >/ R5( M[MR(; 57(LL$57$: '(M$L7@R7><D 5( 7; >/
R5( 4(<(L7$ $>;@><(<R ;>'(: 7M R> @L>X7'(  $>;;>< />L;: ;>'(::7<4 /L;( />L
(X(L[ M[MR(; $>;@><(<R& M> M R> @(L/>L; M[MR(;R7$ ;<7@U:R7><M />L R5( @UL@>M(
>/ /U:R '74<>M7M <' /U:R6R>:(L<R $><RL>: '(M74<D R 7M <>R 7<R(<'(' R> '(M$L7( R5(
(5X7>UL >/ R5( XL7:(M Y57$5 L( MM>$7R(' Y7R5 R5( $>;@><(<R AR57M 7M R5( 7;
>/ R5( (5X7>UL ;>'(:B& UR R5( M(LX7$(M R5R R5( $>;@><(<R @L>X7'(M& M((< /L>; R5(
UM(L X7(Y@>7<RD < R5R $><R(ZR& R5( UM(L 7M (7R5(L <>R5(L $>;@><(<R >L R5( 5U;<
>@(LR>LD

8A*96  $>;@><(<R  7M 0LMR '(M$L7(' [ R5( :7MR >/ R5( M(LX7$(M R5R 7R @L>X7'(M
R> 7RM UM(LM&   #M, ( 4 ) A $D  M(LX7$( M, 7M  RL<M/>L;R7>< >/ M>;( /-9A,
C8(+9 $&A?M, % 7<R> M>;( 28/A C8(+9 $CKA), %& R5R 7M @(L/>L;(' [ R5(
92 ^O F,.AX F5 ,gCB>)A XgX].BX

$>;@><(<R $$>L'7<4 R>  47X(< @L>$('UL( $CKA&, %& (7R5(L 7<  M[MR(;R7$ Y[& >L
><:[ U@>< M>;( M@($70$ 86A9> $KJMP, %D
>L (Z;@:(&  R<9 $><MU;(M 7<@UR <' >UR@UR ;MM 2>YM& <' @L>'U$(M  MR>L('
;MM& UM7<4 < 7<R(4LR7>< @L>$('UL( A<>R( R5R R5( >UR@UR 2>Y 7M 7<'((' < 7<@UR
XL7:( />L R5( 7<R(4LR7>< @L>$('UL(B& R5UM @L>X7'7<4 < (->%8>(/- M(LX7$( AY5>M(

(5X7>UL ;>'(: 7M 3$P%  J, $P% 4 J6 $P%%D 57M RL<M/>L;R7>< '>(M >X7>UM:[ <>R
<((' R> ( L(EU(MR('D < R5( $><RLL[& R5( ,9A8,-> M(LX7$( >/  M(<M>L $><MU;(M
A< >/R(< <(4:($R(' ;>U<R >/B (<(L4[ /L>; R5( >URM7'( Y>L:' <' @L>'U$(M  M74<:
Y57$5 7M R5( 7;4( >/ R5( ;(MUL(' XL7:(& [ ;(<M >/ R5( RL<M'U$(L& R ($5
M[MR(; $:>$9 @U:M( Y57$5 L(EU(MRM R5( M(<M>L <:>4 R> '747R: $><X(LR(L >@(LR7><D
< 4(<(L:& R5( RL<M/>L;R7>< @L>$('UL( <(('M M>;( L(M>UL$(M $K+M, % R> ( X7:6
:(& <' 7R ;[ ( (<:(' >L '7M:(' R '7//(L(<R R7;(M $+?"$9+, %D 5(L(/>L(& R5(
'(M$L7@R7>< >/  M(LX7$( 7M  P6RU@:(
M,  #&A?M, ( CKA), ( CKA&, ( KJMP, ( +?"$9+, ( K+M, $ ASD?B
>L (Z;@:(& R5( 7<R(4LR7>< M(LX7$( >/ R5( R<9 7M '(0<(' [ R5( P6RU@:(
&A?M  #J, $P%( J6 $P%$
CKA)  #3$P%$

CKA&  3$P%  J, $P% 4 J6 $P%
KJMP  " AY57$5 ;(<M R5R 7R 7M :Y RLU(B
+?"$9+  "
K+M  #P"?7( 4?CTP C4C+( ATPCTP C4C+$

89*1/96 >;( $>;@><(<RM (Z577R U7:R67< /U:R R>:(L<$( @>MM77:7R7(M& Y57$5


;(<M R5R R5([ L( MR7:: :( R> @L>X7'( M>;( M(LX7$(M (X(< 7/ R5( MM>$7R(' L(6
M>UL$(M L( /U:R[ <' <> :><4(L X7::(D 57M 7M ><:[ @>MM7:( 7/ R5(L( L( '7//(L(<R
;(<M R> @(L/>L; R5( M;( RL<M/>L;R7><& ;><4 Y57$5 R :(MR ><( '>(M <>R UM(
R5( /U:R[ L(M>UL$(MD < R5R $M(& R5( M(LX7$( 7M M7' R> (Z7MR U<'(L M(X(L: C89(/-9&
Y5(L( ($5 X(LM7>< 7M  P6RU@:( :79( ASD?B& Y57$5 $< ( UM(' 7<'7//(L(<R:[ />L R5(
M;( @UL@>M(D R 7M Y>LR5 <>R7<4 R5R :: R5( X(LM7><M >/ R5( M;( M(LX7$( M5L( R5(
M;( L(EU(MR& <' @L>'U$( R5( M;( >UR@UR X:U(& UR R5([ $<<>R ( M7;U:R<(6
>UM:[ (<:('& <' R :(MR ><( ;><4 R5( 7<@UR M74<:M& @L>$('UL(M <' 5L'YL(
L(M>UL$(M 7M '7//(L(<R /L>; ><( X(LM7>< R> <>R5(L ><(D >L(>X(L& M7<$( M(X(L: X(L6
M7><M ;745R ( :( R> @L>X7'( R5( M;( L(MU:R R  47X(< R7;(& R5(L( 7M R5( <((' />L
 ;($5<7M; Y57$5 (<:(M ><:[ ><( >/ R5(; Y5(< R5( L(EU(MR />L R5( M(LX7$( 7M
7MMU('D
>L (Z;@:(& $><M7'(L  M(<M>L Y57$5 7<$:U'(M RY> L('U<'<R RL<M'U$(LM R> ;(6
MUL( R5( M;( XL7:(D (R
Y $P%  W$P% ' , $P%( , $P% >  $4( N %
Y. $P%  W$P% ' ,. $P%( ,. $P% >  $4( N. %
( R5( RY> ;(MUL(;(<R (EUR7><M& Y5(L( W$P% 7M R5( U<9<>Y< XL7:( R> ( ;(6
MUL('& Y, $P%( 4  "( 1 L( L(M@($R7X(:[ R5( RY> RL<M'U$(LM >UR@UR& <' ,, ( 4  "( 1
^O_ F,.AA>C: ]<. XgX].B W)<>].)]`W. 9D

L( R5( ;(MUL(;(<R <>7M(M& Y7R5 R5( RY> UMM7< '7MRL7UR7><M  $4( N, %( 4  "( 1D
5( ,9A8,-> M(LX7$( >/ R57M M(<M>L $>U:' >X7>UM:[ ( @L>X7'(' U<'(L '7//(L(<R
X(LM7><M& <;(:[

(LM7>< L>$('UL(
? Y$P%  BB$B


Y $P% ' B
B $B Y. $P%
T Y$P%  Y $P%
S Y$P%  Y. $P%

Y5(L( X(LM7>< ? $>U:' ( R5( <>;7<: ><(& X(LM7>< T $>U:' ( UM(' Y5(< RL<M'U$(L
T 7M /U:R[& <' X(LM7>< S Y>U:' ( UM(' Y5(< RL<M'U$(L ? 7M /U:R[D

9).196 >R :: R5( M(LX7$(M @L>X7'(' [  $>;@><(<R L( (<:(' R <[ R7;(D
>L R5R L(M><& MUM(RM >/ M(LX7$(M L( 4R5(L(' 7<R> A9',/9& Y5>M( (X>:UR7>< 7M
'(M$L7(' [ < UR>;R><& Y57$5 M5>YM R5( @>MM7:( RL<M7R7><M /L>; ><( UM(6;>'(
R> <>R5(L ><(& <' R5( $><'7R7><M U<'(L Y57$5 R5(M( RL<M7R7><M L( 0L('D
>L (Z;@:(&  R[@7$: $><RL>::(L $>U:' ( '(M$L7(' [ R5L(( UM(6;>'(M& <;(:[
  -(>(+(9 -& Y5>M( $><R(<R AM(LX7$(MB <' (X>:UR7>< AUR>;R><B L( 47X(< 7<
R5( />::>Y7<4 R:(%

>'( >MM7:( RL<M7R7><M <:(' M(LX7$(M


 /B -(>(+(9 /B-
- /B  /B -(>(+(9 /,2A>B/->8/+ (92+FB9>B2/(->
-(>(+(9 /B  /B- ->8B9>B2/(-> (92+FB9>B2/(->

@*-*/' 9D9=.9 "81. 1.31//=96 M :L('[ ;(<R7><('& M[MR(;M A>L MU6


M[R(;MB L( 57456:(X(: $>;@><(<RM& Y57$5 L( U7:R [ R5( 44L(4R7>< >/ :>Y(L :(X(:
><(M& />::>Y7<4  >RR>;6U@ @@L>$5D 5R(X(L R5( $>;@><(<R :(X(:& 7RM 4(<(L7$
;>'(: 7<$:U'(M 7RM UM(6;>'( UR>;R><& <' R5( M(LX7$(M Y57$5 L( X7::( 7<
($5 UM(6;>'(D [MR(;R7$ 44L(4R7>< @L>$('UL(M L( '(0<(' 7< >L'(L R> $>;@>M(
R5( 4(<(L7$ ;>'(:M >/ :>Y6:(X(: $>;@><(<RM <' >R7< R5( 4(<(L7$ ;>'(:M >/ 57456
:(X(: ><(MD

@-= =1-8/ /-D9*96  UM(6;>'( 7M MM>$7R(' Y7R5 ><( >L M(X(L: >8($R7X(M
R5R R5( $>;@><(<R >L M[MR(; ;UMR $57(X(D R <[ R7;(& R5( $ULL(<R UM(6;>'( '(6
0<(M R5( $ULL(<R >8($R7X(& <' R5( (<:(' M(LX7$(M AL(EU(MRM />L >R5(L M(LX7$(M L(
L(8($R('BD 5( M[MR(; /U:R R>:(L<$( L(MU:RM /L>; R5( /$R R5R& 7< M@7R( >/ R5( /7:UL(
>/ M>;( L(M>UL$(M& R5( M(LX7$(M Y57$5 L( <($(MML[ R> $57(X( R5( >8($R7X(M >/ R5(
$ULL(<R UM(6;>'( MR7:: (Z7MR AU<'(L R :(MR ><( X(LM7><BD
7i ^O F,.AX F5 ,gCB>)A XgX].BX

2+2 8.1% 5!(4-  .! %($$!& 14-.

8*-96  0LMR EU(MR7>< Y57$5 L7M(M 7M R> M(:($R R5>M( XL7:(M Y57$5 L( >/
7<R(L(MR R> '(M$L7( R5( M[MR(; (5X7>ULD L>$(MM $>;@><(<RM 4(<(L::[ 7<RL>'U$(
@>Y(L <' (<(L4[ XL7:(M& Y57:( $><RL>: M[MR(;M 7<RL>'U$( $><RL>: <' 7</>L;6
R7>< M74<:MD 5(L(/>L(& R5( M[MR(; XL7:(M R> ( $><M7'(L(' L( :: EU<R7R7(M Y57$5
L( $><MRL7<(' [ M[MR(; $>;@><(<RM A@L>$(MM& $RUR>LM& M(<M>LM& $><RL>: <' (M6
R7;R7>< :4>L7R5;MBD >R( R5R />L M[MR(;M R5R >([ R5( L9>X @L>@(LR[& R5(L( 7M
 ;7<7;: M(R >/ XL7:(M Y57$5 MU;;L7M( R5( Y5>:( @MR 57MR>L[ >/ R5( M[MR(;
U<R7:: R7;( P AR5( MRR( XL7:(MBD 5( (X>:UR7>< >/ R5( MRR( R R7;( P ><:[ '(@(<'M
>< 7RM X:U( R R7;( P <' >< R5( X:U(M >/ R5( 7<@UR R R7;( PD
<$( R5( M[MR(; XL7:(M L( '(0<('&  M($><' EU(MR7>< 7M R> '($7'( >UR R5( M(R
>/ X:U(M R5([ $< ( MM74<('D U<R7RR7X( XL7:(M R9( R5(7L X:U(M 7<  MUM(R >/
R5( L(: <U;(LM AY57$5 7M R>R::[ >L'(L('& <' @L>X7'(' Y7R5 R5( />UL $:MM7$: >@(L6
R7><MB& Y57:( EU:7RR7X( XL7:(M R9( R5(7L X:U(M 7<  47X(< 0<7R( M(R >/ M[;>:M&
Y57$5 ;[ ( >L'(L(' >L <>RD R $< ( UM(/U: R> '(0<( XL7:(M Y5>M( X:U(M L(
R5( M(4;(<RM >/ M>;( @LR7R7>< >/ R5( L(: :7<(D 5( $>LM(L R5( @LR7R7><& R5( $>LM(L
R5( 4L<U:L7R[ >/ R5( XL7:(D  M[;>: 7M >/R(< MM>$7R(' Y7R5 ($5 M(4;(<R >/
R5( @LR7R7><& (D4D M;::& ;('7U;& :L4(D LU@R RL<M7R7><M /L>; ><( X:U( R> <>R5(L
><( $< ( X>7'(' UM7<4 /U\\[ M(4;(<RM 7<MR(' >/ $L7M@ ><(MD

*.6 5( ;>MR $:MM7$: R7;( XL7:( R9(M 7RM X:U(M 7< R5( M(R >/ @>M7R7X( L(:
<U;(LM A$><R7<U>UM R7;(BD < '7M$L(R( R7;( M[MR(;M& R5( M(R >/ @>M7R7X( 7<R(4(LM A>L
<[ M(R 7M>;>L@57$ R> R5R ><(B 7M UM(' Y5(< M;@:(' 'R M[MR(;M L( $><M7'(L('D
57M R7;( L(@L(M(<RR7>< 7M $::(' M[<$5L><>UM M7<$( @L$R7$: M;@:7<4 M[MR(;M L(
'L7X(< [  $:>$9D < R5( $><RLL[& 7< (X(<R 'L7X(< M[MR(;M& R7;( 7M $><M7'(L(' ><:[
R ($5 (X(<R >$$UL(<$(D

1/9=8*/=96 5( (X>:UR7>< >/ R5( M[MR(; 7M '(M$L7(' [  M(R >/ $><MRL7<RM Y57$5
@@:[ R> R5( M[MR(; XL7:(MD 5( $><MRL7<RM $< ( $:MM70(' $$>L'7<4 R> Y5R
R5([ L(@L(M(<R <' R> R5( />L; R5([ R9(D

(= 1/9=8*/=9 8389/=6 < R5( M7$ ;>'(::7<4 MR(@& ($5 M[MR(; $>;@><(<R
7M '(M$L7(' [ 7RM >Y< A:>$:B $><MRL7<RM& <' R5( >X(L:: M[MR(; />L;(' [ R5( 7<6
R(L$><<($R7>< >/ R5( $>;@><(<RM 7M '(M$L7(' [ R5( $><$R(<R7>< >/ :: $><MRL7<RMD
< /ULR5(L MR(@M& 7R ;[ ( 7<R(L(MR7<4 R> M>:X( M>;( $><MRL7<RM <' R> MU;;L7M(
R5(; Y7R57<  ;>L( $>;@$R ;>'(:D

6#(" 1+ #' %"1'$ /6/1&


FW .fBKA.+ ]<. ]C@ XXF)>]., e>]< C >CK`] K`BK C, C F`]K`] K>K. >X  ]<W.. )FBKFC.C]
XgX].B ,.X)W>$., $g ]<. ]<W.. AF)A )FCX]W>C]X
^O^ gX].B $.<d>F`W 3 $X>) BF,.AA>C: 5.]`W.X 7I


C@* 1 L!  F# L! , F$ L!
$ `BK* F# L!  "AP
/ L!

>K.* F$ L!  4 1 L!
e<.W. P L! >X ]<. )FC]WFA X>:CA+ C, " C, 4 W. ]eF KWB.].WXO FW. )FC,.CX., BF,.AX
Bg $. )W.]., X 5FAAFeX

C@ P K`BK* 1 L!  "AP L!
/, F$ L!

>K.* F$ L!  4 1 L!
/
C@ P K>K.* 1 L!  F# L! , 4 1 L!

`BK* F# L!  "AP L!
 /
 C@ P K`BK P K>K.* 1 L!  "AP L! , 4 1 L!
F]. ]<] ]<. AX] BF,.A `X.X ]<. B>C>BA C`B$.W F5 dW>$A.X L$`] >] )FC,.CX.X ]<. ]<W..
)FBKFC.C]X >C]F FC. X>C:A. )FCX]W>C]MO C 5)]+ 1 L! >X ]<. XgX].B X]].* ]<. @CFeA.,:. F5
1 L$ ! C, F5 ]<. >CK`] P M !+ M ! L$ ' L
>X ]<. FCAg @CFeA.,:. ]<] >X C.).XXWg ]F KWF,`).
1 L! 5FW Cg ]>B. LO 

( "18. 1/9=8*/=9 =,6 $$>L'7<4 R> R5( '7//(L(<R '(M$L7@R7><M >/ R5( XL7:(M
<' >/ R7;(& R5( $><MRL7<RM 5X( '7//(L(<R />L;M%
% 5( (X>:UR7>< >/ $><R7<U>UM XL7:(M AY5>M( X:U(M L( 7< R5( M(R >/ L(: <U;6
(LMB $< ( '(M$L7(' 7< $><R7<U>UM >L 7< '7M$L(R( R7;(D ><R7<U>UM R7;( '(6
M$L7@R7><M M7$::[ UM( :4(L7$ <' '7//(L(<R7: (EUR7><M <' RL<M/(L /U<$6
R7><M A @:$( RL<M/>L;BD 7M$L(R( R7;( '(M$L7@R7><M L( UM(/U: Y5(< $>;@UR(L
$><RL>::(' M[MR(;M L( $><M7'(L('& M7<$( R5( 'R L( M;@:(' R  $><MR<R LR(
[ R5( M[MR(; $:>$9D 5([ M7$::[ UM( :4(L7$ <' '7//(L(<$( (EUR7><M& <'
RL<M/(L /U<$R7><M AM(' >< \6RL<M/>L;BD ><R7<U>UM6XL7:( ;>'(:M Y7:: (
'(M$L7(' 7< ($R7>< SD3D
% 5( (X>:UR7>< >/ EU:7RR7X( A>L M[;>:7$B XL7:(M 7M (MR '(M$L7(' UM7<4
'7M$L(R(6(X(<R ;>'(:M MU$5 M UR>;R& (RL7 <(RM& M(RM >/ LU:(MD U$5 ;>'(:M
Y7:: ( '(M$L7(' 7< ($R7>< SDPD U\\[ XL7:(M A<' ;>'(:MB $< ( UM(' Y5(<
7R 7M Y7M5(' R> X>7' LU@R RL<M7R7><M /L>; ><( EU:7RR7X( X:U( R> <>R5(L ><(D
% < ;<[ L(: :7/( M[MR(;M& $><R7<U>UM XL7:(M <' EU:7RR7X( XL7:(M $>6(Z7MRD

6#(" 1+ '0("1&).12. ('1.(% /6/1&


FW .fBKA.+ C FC\F55 ].BK.W]`W. )FC]WFA XgX].B eF`A, $. ,.X)W>$., $g ]<. )FC]>C`F`X
BF,.A
(N
 ,!N # #
(L
e<.C ]<. <.].W >X FC+ C, $g ]<. BF,.A
(N
 ,!N
(L
e<.C ]<. <.].W >X F55 LN >X ]<. ].BK.W]`W. ]F $. )FC]WFAA.,+ C, !+ # W. XgX].B KWB.].WXMO
<. ]>B. .dFA`]>FC F5 X`)<  XgX].B >X ,.X)W>$., CF] FCAg $g ]<. ].BK.W]`W. Le<>)< >X 
7_ ^O F,.AX F5 ,gCB>)A XgX].BX

)FC]>C`F`X dW>$A.M $`] AXF $g ]<. <.]>C: BF,. LFC\F55M e<>)< >X  Q`A>]]>d. FC.O `)<
XgX].BX W. ,.X)W>$., $g XF=)AA., T<g$W>, BF,.AXU+ e<>)< e>AA $. ,.d.AFK., >C .)]>FC ^OZO


2+ (&1!&4(4. 5-!$ .8.1%.

< $><R7<U>UM6XL7:( M[MR(;M& R5( 7<@UR& MRR( <' >UR@UR XL7:(M L( '(0<(' />L 
$><R7<UU; >/ X:U(M 7< D Y> R[@(M >/ M74<:M $< (<R(L MU$5 M[MR(;M% $><R7<U>UM6
R7;( >L '7M$L(R(6R7;( M74<:MD >L R5( 0LMR& R5( 7<'(@(<'(<R XL7:( P 7M $><R7<U>UM&
<' R5UM MU$5 M74<:M L( '(0<(' >X(L  $><R7<UU; >/ R7;( X:U(MD 7M$L(R(6R7;(
M74<:M& >< R5( >R5(L 5<'& L( ><:[ '(0<(' >X(L  R7;( XL7:( 7& Y57$5 (:><4M R>
 '7M$L(R( M(RD  $><R7<U>UM6R7;( A'7M$L(R(6R7;(B M[MR(; @L>$(MM(M $><R7<U>UM6R7;(
A'7M$L(R(6R7;(B 7<@UR M74<:M <' 4(<(LR(M  $><R7<U>UM6R7;( A'7M$L(R(6R7;(B >UR@URD
>'(:M />L R5(M( RY> $:MM(M >/ M[MR(;M L( @L(M(<R(' <(ZRD

1/=*/@1@9)=*. .1-6  EU7R( 4(<(L: MRR(6M@$( ;>'(: />L  $><R7<U>UM6R7;(


$><R7<U>UM6XL7:( <><:7<(L M[MR(; $< ( YL7RR(< M
)9$P%
 )$9$P%( 6$P%( $$P%%( 9$4%  92 ASDTB
)P
:$P%  +$9$P%( 6$P%( $$P%%( ASDSB
Y5(L( 9 ) 4 & 6 ) 2 & : ) 8 '(<>R( R5( MRR( X($R>L& R5( X($R>L >/ 9<>Y< 7<@UR
M74<:M& <' R5( X($R>L >/ ;(MUL(' >UR@UR X:U(MD $ ) 4 MR<'M />L R5( X($R>L >/
U<9<>Y< 7<@UR M74<:M >L '7MRUL<$(M $R7<4 >< R5( @L>$(MMD 5( /U<$R7><M ) <'
+ L( L(M@($R7X(:[ 4 6X:U(' <' 8 6X:U(' <' R5([ L( MMU;(' R> ( M;>>R5D
 ;>'(: >/ R5( />L; ASDTB& ASDSB $< ( >R7<(' [ UM7<4 @5[M7$: :YM R> '(M$L7(
R5( $><M7'(L(' @L>$(MMD

6#(" 1+/ #' %"1'$ &(%


 )FC]>C`F`X=dA`., X>:CA P L! >X )FCX>,.W., >CX]., F5  $>CWg FC. A>@. >C fBKA. ^O9O
C]WF,`)>C: ]<. K>K. )FCX]W>C] >C]F ]<. ]C@ BF,.A C, XX`B>C:  CF>X. 5W.. B.X`W.B.C]
F5 ]<. A.d.A g>.A,X
(1 L! /
 ,4 1 L! # "P L! L^O9M
(L
T L!  1 L!' L^O7M
e<>)< <X ]<. 5FWB >C,>)]., $Fd. e>]<  L!  0O 

7<(L R7;(67<XL7<R M[MR(;M $< ( UM(' R> '(M$L7( R5( (5X7>UL >/  <><:7<(L
M[MR(; >/ R5( />L; ASDTB& ASDSB L>U<'  M@($70$ M(R6@>7<RD 7<(L7MR7>< L>U<' 
( 6
@>7<R >/ >@(LR7>< 9  7M >R7<(' [ 7<RL>'U$7<4 9
( $ 0  949 & 6
0  646 &
0 
$  $ 4 $ <' : 0 :4:  [ @(L/>L;7<4 R5( [:>L (Z@<M7><
^O9 FC]>C`F`X=dW>$A. XgX].BX 7^

)0
9 D)$9( 6 
 ( $% D)$9( 6 
 ( $% D)$
9( 6 
 ( $%
 0'
9 0'
6 0
$
)P D9 D6 D$
D+$9( 6 
 ( $% D+$
9( 6 
 ( $% D+$
9( 6 
 ( $%
0 
: 0'
9 0'
6 0
$
D9 D6 D$
R> >R7<  M(R >/ :7<(L (EUR7><M AM(( @@(<'7Z ?B
)0
9$P% 0
 0 $P% '  !D 6
!D 9 0 $P% '  K"!D $$P%( 0 $4%  92
9 ASDPB
)P
0 $P%
:  0 $P% '  !D 6
 !D 9 0
0 $P% '  L"!D $$P%( ASDOB
Y5(L( R5( XL7:(M 9$P%( 6$P%( :$P% <' $$P%& L( '(0<(' M >X(& <'  !D (  !D ( E E E
L( ;RL7$(M >/ @@L>@L7R( '7;(<M7><M Y7R5 $><MR<R (<RL7(M 7< D < R5( M(EU(:&
0 $P% />::>Y7<4 R5( RL'7R7>< >/ :7<(L M[MR(;M R5(>L[D
9$P% 7M UM(' 7<MR(' >/ 9

6#(" 1+/ )&$0+* #' %"1'$ /6/1&


.] 1$ ,.CF]. ]<. CFB>CA A.d.A WF`C, e<>)< ]<. ]C@ >X CFWBAAg FK.W].,O <. CFB>CA
)FC]WFA X>:CA P2$ >X F$]>C., $g AFF@>C: 5FW ]<. X].,g X]]. XFA`]>FC F5 L^O9M ] 1  1 $ + e<>)<
g>.A,X P$  4 1$ K"O .6C. 1 , L!  1 L! , 1$ C, P , L!  P L! , P$ O  X]W>:]<5FWeW,
)FBK`]]>FC g>.A,X
, L!
(1
 , L! # ",
,$ 1 P L! L^O2M
(L
T, L!  1 , L!' L^ODM
2
,
e<.W. $  4K - 1$ !O C ]<. X.Q`.A+ 1 L!+ P , L! C, T, L! W. W.KA)., $g 1 L!+ P L! C,
T L! W.XK.)]>d.Ag+ @..K>C: >C B>C, ]<] ]<. A]].W W.KW.X.C] ,>X)W.KC)>.X e>]< W.XK.)] ]F ]<.>W
CFB>CA dA`.O 

*98=)=*. .1-6 7M$L(R(6R7;( ;>'(:M $< ( UM(' R> ;>'(: M;@:('6'R


M[MR(;MD :: M74<:M L( MMU;(' R> ( M;@:(' M[<$5L><>UM:[ R  0Z(' M;@:7<4
@(L7>' A D 5( RL'7R7><: R5(>L[ >/ M;@:('6'R M[MR(;M L(:7(M >< R5( MMU;@R7><
R5R R5( 7<@UR M74<:M L( $><MR<R >X(L A D 57M 5>:'M RLU( />L R5( $><RL>: XL7:(M&
M R5( >UR@UR >/ '747R: R> <:>4 $><X(LR(LM 5M R57M @L>@(LR[D R 7M& 5>Y(X(L& <
@@L>Z7;R7>< />L '7MRUL<$(M <' /U:RMD
[ 7<R(4LR7<4 R5( MRR( ED ASDPB >X(L ><( M;@:7<4 @(L7>'& R5( />::>Y7<4 '7M$L(R(6
R7;( ;>'(: $< ( '('U$(' /L>; ASDPB& ASDOB
9$7 ' "%  9$7% ' 6$7% '  K $$7%( 9$4%  92
:$7%  9$7% ' 6$7% '  L $$7%(
Y5(L( 7 A$RU::[ MR<'7<4 />L 7A B '(<>R(M R5( '7M$L(R(6R7;( 7<MR<RM&
  3# $!D A %
 
  3# $!D P%  !D )PE
2
 K 7M '(0<(' 7<  M7;7:L Y[ M D ULR5(L;>L(& R5( L(:R7><M  !D &  !D &
 L   L"!D 5>:'D
79 ^O F,.AX F5 ,gCB>)A XgX].BX

6#(" 1+/ )&$0+* #/.1"1#& &(% ( 1! /#' %"1'$ /6/1&


.]]>C: B  / ,$2 ! C,
 
"
/ " / ,$L!(L   , / ,$2 !!'
$
$
]<. ,>X)W.].=]>B. BF,.A ,.,`)., 5WFB L^O2M+ L^ODM >X eW>]].C X
1 4 # !  B1 4! # /P 4!
T 4!  1 4!A 

=1(9=* *9=@8/9 / .9@8./= /1*96 >L '7M$L(R(6R7;( MR>$5MR7$


;>'(:M& ;(MUL(;(<R <>7M( <' MR>$5MR7$ '7MRUL<$(M @>MM7:[ $R7<4 >< R5( MRR(
XL7:(M L( '(M$L7(' [ MR>$5MR7$ M(EU(<$(M A$/D @@(<'7Z TBD  '7M$L(R(6R7;(
MRR(6M@$( ;>'(: />L R5( M[MR(; R5(< R9(M R5( />L;
9$7 ' "%  9$7% ' 6$7% '  K $$7% ' 8$7%( 9$4%  92
:$7%  9$7% ' 6$7% '  L $$7% ' 7$7%E
5( ><:[ <(Y <>RR7><M L( 7$7% <' 8$7%D 5([ L( M;@:(M >/ Y57R( <>7M( M(6
EU(<$(M Y7R5 \(L> ;(< <' $>XL7<$( ;RL7Z
 &   &
8$7%  J  JI
 $8$<% 7$<% %  *.1 E
7$7% JI 

@-= .1-6 U:R M74<:M L( UMU::[ M(@LR(' 7<R> RY> $:MM(M% ''7R7X( <' <><6
''7R7X( A>L ;U:R7@:7$R7X(B /U:RMD (>(C A+>9 @@(L M ''7R7><: R(L;M 7< R5(
MRR( (EUR7><M >/  :7<(L R7;(67<XL7<R M[MR(;D >L MR>$5MR7$ ;>'(:M& R5([ L(MU:R
7< $5<4(M >/ R5( ;(< X:U( >/ R5( ;(MUL(' M74<:M ><:[D A+>(2+(>(C A+>9
$>LL(M@><' R> $5<4(M 7< R5( @L;(R(LM >/ R5( MRR( (EUR7><M& <;(:[ $5<4(M 7<
R5( (<RL7(M >/ R5( ;RL7$(M !D &  !D &  !D &  !D />L  $><R7<U>UM6R7;( ;>'(: A>L &
& &  />L  '7M$L(R(6R7;( ;>'(:B >L $5<4(M 7< R5( XL7<$( >/ R5( MR>$5MR7$
'7MRUL<$( <' <>7M(D
 $><R7<U>UM6R7;( :7<(L M[MR(; MU8($R R> ''7R7X( /U:RM $< R5UM ( ;>'(:(' [
)9$P%
 !D 9$P% '  !D 6$P% '  K"!D $$P% '  K"!D ( $P%( 9$4%  92
)P
:$P%   !D 9$P% '  !D 6$P% '  L"!D $$P% '  L"!D ( $P%E
5( R[@( >/ /U:RM R5R L( $$>U<R(' />L 7< R5( >X( ;>'(: 7<$:U'( M(<M>L /U:RM&
$RUR>L /U:RM& <' M>;( $>;@><(<R /U:RMD

 $><R7<U>UM6R7;( ;>'(: MU8($R R> <><6''7R7X( /U:RM $< ( YL7RR(< M


)9$P%
 !D $5%9$P% '  !D $5%6$P%( 9$4%  92
)P
:$P%   !D $5%9$P% '  !D $5%6$P%(
^O7 gX].B X]W`)]`W. 77

Y5(L( R5( (<RL7(M 7< R5( '7//(L(<R ;RL7$(M L( M;>>R5 /U<$R7><M >/ R5( @L;(R(L
X($R>L 5D <'(L 5(:R5[ Y>L97<4 $><'7R7><M& R5( L(:R7>< 5  5 2 <' 7< /U:R[ $><6
'7R7><M R5( L(:R7>< 5 6 5 2 5>:'D < (Z;@:( >/ ;U:R7@:7$R7X( /U:R 7M < <>L;:
$5<4( 7< R5( L;RUL( L(M7MR<$( >/   ;>R>LD

6#(" 1+/ )&$0+* #' %"1'$ /6/1&


FCX>,.W :>C ]<. )FC]>C`F`X=]>B. BF,.A L^O2M+ L^ODM+ C, XX`B. ]<. KWF).XX )C $.
X`$?.)] ]F X.CXFW C, )]`]FW 5`A]X ,.CF]., W.XK.)]>d.Ag -2 C, - O Q`]>FCX L^O2M+ L^ODM
W. BF,>6., X 5FAAFeX ]F ))F`C] 5FW X`)< 5`A]X*
(1 L!
 ,$1 L! # "P L! # "- L!
(L
T L!  1 L! # -2 L!A
XX`B. CFe ]<]  A.@:. ] ]<. $F]]FB F5 ]<. ]C@ F))`WXO F ))F`C] 5FW ]<>X K<.=
CFB.CFC+ L^O9M $.)FB.X
(1 L! / /
 ,4 1 L! , 4&% L! 1 L! # "P L! A L^OIiM
(L
5 QO L^OIiM >X A>C.W>X., WF`C, ]<. CFB>CA A.d.A 1$ C, ]<. CFB>CA KWB.].W 4&%$  0+
]<. 5`A] KK.WX ]F $. ,,>]>d. >C ]<. A>C.W KKWFf>B]>FCO C,..,+ ]<. A]].W )C $. eW>]].C
X
(1 L! /
 ,$1 L! # "P L! , 1$ 4&% L! A 
(L

2+ 8.1% .1-414-

(R7:(' (5X7>UL ;>'(:M L( M(:'>; X7::( 7< R5( 0LMR @5M(M >/ M[MR(; '(6
M74<& <'Q>L L( X(L[ (Z@(<M7X( R> '(X(:>@& (M@($7::[ Y5(< $>;@:(Z @L>$(MM(M&
Y7R5 5U<'L('M >/ XL7:(M& L( $><M7'(L('& <' M7;@:(L ;>'(:M 5X( R> ( UM('D
< MU$5 M7RUR7><M& MRLU$RUL: ;>'(:M @L>X7'( < 7<R(L(MR7<4 @@L>$5 R> R5( M[MR(;
<:[M7M& M7<$( R5([ ><:[ <(('  X(L[ @L7;7R7X( :(X(: >/ 9<>Y:('4( >UR R5( M[MR(;
(5X7>ULD

=8@=@8- .1-6 5( MRLU$RUL: ;>'(: >/  M[MR(; 7M < MRL$R7>< >/ 7RM (6
5X7>UL ;>'(:D >L $><R7<U>UM6XL7:( M[MR(;M& R5( (5X7>UL 7M '(M$L7(' [ 
M(R >/ :4(L7$ <' '7//(L(<R7: (EUR7><MD <:[M7<4 R5( MRLU$RUL( >/ R5(M( (EU6
R7><M L(MU;(M R> <:[M7<4 R5( :7<9M Y57$5 (Z7MR (RY((< XL7:(M <' @L;(R(LM&
7<'(@(<'(<R:[ >< R5( />L; >/ R5( U<'(L:[7<4 (EUR7><MD
>L (Z;@:(& $><M7'(L  M[MR(; '(M$L7(' [ 5;KM :Y
T 4 4  4E ASD??B
5( MRLU$RUL: ;>'(: MM>$7R(' Y7R5 R57M M[MR(; M% H5(L( (Z7MRM ><( $><MRL7<R
A$:: 7R &B& Y57$5 :7<9M RY> XL7:(M $T( 4% <' ><( @L;(R(L $%ID R 7M L(@L(M(<R('
7[ ^O F,.AX F5 ,gCB>)A XgX].BX

[  76@LR7R( 4L@5 $( ( % Y5(L(  7M R5( M(R >/ $><MRL7<RM&  R5( M(R >/ XL76
:(M >L @L;(R(LM& <'  R5( M(R >/ ('4(M (RY((<  <'  >L& (EU7X:(<R:[& [
R57M 4L@5KM '8$(<$[ ;RL7Z& M M5>Y< >< 74D SDT& Y5(L( LM L(@L(M(<R $><MRL7<RM
<' $7L$:(M L(@L(M(<R XL7:(M >L @L;(R(LMD

  
   

  

+ 1+2+ ]W`)]`W. F5 <BVX Ae

=8@=@8- 38138=*96 RLU$RUL: @L>@(LR7(M >/  M[MR(; L( @L>@(LR7(M >/ 7RM MRLU$6
RUL( 4L@5D Y> M[MR(;M Y57$5 5X( R5( M;( MRLU$RUL( L( M7' R> ( MRLU$RUL::[
(EU7X:(<RD 57M 7M @>MM7:(& M7<$( R5( MRLU$RUL( >/  M(R >/ $><MRL7<RM 7M 7<'(@(<'(<R
>/ R5( <RUL( >/ R5(M( $><MRL7<RM& >/ R5( XL7:(M& <' >/ R5( X:U( >/ R5( @L;(6
R(LMD <'(('& R5( MRLU$RUL: ;>'(: Y>U:' ( R5( M;( 7/& 7<MR(' >/ ED ASD??B& 5;KM
:Y YM (Z@L(MM(' [  :>>96U@ R:(& >L 7/ <>R5(L M[MR(;& Y57$5 >([M (D4D R5(
<U;(L7$: ;>'(: T$4. ' /4 ' "%  & YM $><M7'(L('D
7<$( MRLU$RUL: @L>@(LR7(M L( @L>@(LR7(M >/ R5( MRLU$RUL( 4L@5& R5([ L( >X7>UM:[
M5L(' [ :: R5( M[MR(;M Y57$5 5X( R5( M;( MRLU$RUL(D 5UM& MRLU$RUL: @L>@(LR7(M
L( @L>@(LR7(M >/  M[MR(; Y57$5 L( 7<'(@(<'(<R >/ R5( X:U(M >/ 7RM @L;(R(LMD

/1B/ / @/,/1B/ A8*-96 Y> 97<'M >/ XL7:(M @@(L 7< R5( M[MR(;
$><MRL7<RM& <;(:[ R5( 9<>Y< <' R5( U<9<>Y< ><(MD 5(L(/>L(& R5( M(R >/ XL7:(M
 7M '($>;@>M(' 7<R> RY> MUM(RM    @ D ><RL>: <' ;(MUL(;(<R M74<:M
L( 9<>Y< XL7:(M& Y57:( R5( M[MR(;M MRR(M L( U<9<>Y<D <>Y< XL7:(M >([
;(MUL(;(<R (EUR7><M& Y57$5 L( 7<RL>'U$(' 7< R5( MRLU$RUL: ;>'(:D MMU;7<4 R5(
X>:R4( T 7M ;(MUL(' [  M(<M>L Y5>M( >UR@UR 7M Y & R5( @L(X7>UM M[MR(; >([M R5(
RY> $><MRL7<RM
T 4 4  4
Y 4T  4
<'& 'L>@@7<4 R5( @L;(R(L ( 7RM MRLU$RUL( ($>;(M

 Y T 4
& ? ? 2
= ? 2
^O[ >X)W.].=.d.C] XgX].BX 7Z

Y57$5 M5>YM R5R :: R5( U<9<>Y< XL7:(M 7< R5( M[MR(; $< ( $>;@UR('& M7<$(
T $< ( $>;@UR(' /L>; Y [ UM7<4 R5( ;(MUL(;(<R (EUR7>< = AR57M 7M M[;6
>:7M(' [ R5( >:' 2B& <' R5(L(/>L( 4 $< ( $>;@UR(' /L>; Y <' TD RLU$RUL:
>M(LX7:7R[ 7M 7<'((' ><( >/ R5( @L>@(LR7(M R5R MRLU$RUL: <:[M7M ::>YM R> MRU'[D
57M 7M >/ $>ULM( ><:[  @>R(<R7: @L>@(LR[& M7<$( $><MRL7<RM = <' & ;745R ( ;>L(
$>;@:(Z ><(M& <' R5( <U;(L7$: $>;@URR7><M ;745R ( 7;@>MM7:( 7< M>;( @LR7$6
U:L $M(M A$5<4(& />L (Z;@:(& $><MRL7<R = 7<R> Y $" 4 T%  " <' MU@@>M( R5R
R5( 9<>Y< X:U( >/ Y 7M \(L>.BD

@-=96 5(< /U:RM >$$UL& R5( M[MR(; $>;@><(<RM '> <>R <[ :><4(L >([ R5( (EU6
R7><M Y57$5 '(0<( R5(7L <>;7<: (5X7>ULD 5(L(/>L(&  47X(< /U:R ;>'( 7M '(6
M$L7(' 7< MRLU$RUL: <:[M7M [ R5( MUM(R >/ $><MRL7<RM Y57$5 '> <> :><4(L 5>:'
Y5(< R57M /U:R >$$ULMD 5(M( $><MRL7<RM L( M7' R> ( X7>:R('D >L (Z;@:(& R5(
M5>LR $7L$U7R >/ R5( @L(X7>UM L(M7MR>L 7M '(M$L7(' [ $><MRL7<R & (7<4 X7>:R(' Y5(<
R5( <>;7<: X:U( >/  7M UM('& Y57:(  ;:/U<$R7>< >/ R5( X>:R4( M(<M>L Y>U:' (
'(M$L7(' [ $><MRL7<R = (7<4 X7>:R('D

2+0 !.-1 5&1 .8.1%.

L>;  4:>: X7(Y@>7<R& M>;( '[<;7$: M[MR(;M $< ( M((< M M[MR(;M Y5>M(
M74<:M MY7R$5 /L>; ><( X:U( R> <>R5(L ><( LR5(L R5< $5<47<4 R5(7L X:U( $><6
R7<>UM:[D < /U:R '74<>M7M& M[MR(;M Y7R5 '7M$L(R( ;(MUL(;(<RM >$$UL <RUL::[ 7<
R5( @L>$(MM 7<'UMRL[ Y5(L( :L; ;(MM4(M L(@L(M(<R '7M$L(R( 7</>L;R7><& ($UM(
R5( :L; $< ><:[ ( :(LR(' >L <>R <'& 5(<$(& R5( $>LL(M@><'7<4 M74<: 7M ><:[
9<>Y< R> (Z$(('  47X(< R5L(M5>:' >L <>RD M R5( '[<;7$: (5X7>UL >/ MU$5 M[M6
R(;M 7M '(M$L7(' [ (X(<RM '(<>R7<4 R5( MY7R$5(M >/ R5( M74<: /L>; ><( '7M$L(R(
X:U( R> R5( <(ZR& R5(M( M[MR(;M L( $::(' '7M$L(R(6(X(<R M[MR(;MD

          
    
  
+ 1+1+ >X)W.].=.d.C] ,gCB>)A XgX].B

*98=)A-@ 9*'/-96 U( R> R5( M[;>:7$ <RUL( >/ R5( 7<@UR& MRR( <' >UR@UR&
R5( M[;>:M U& Z <' V L( UM(' />L R5(;D 5( '7M$L(R( X:U( M(RM L( (<U;(LR('
MU$5 R5R
U ) I  #"( 1( EEE(  $
Z ) M  #"( 1( EEE(  $
V ) J  #"( 1( EEE( $
72 ^O F,.AX F5 ,gCB>)A XgX].BX

5>:' A74D SDSBD X(L[ $5<4( >/ R5( M[;>:7$ X:U( >/ U& Z >L V 7M $::(' < C->D
>L (Z;@:(& 7/ R5( MRR( 8U;@M /L>; R5( X:U( 6 R> R5( X:U( 4&  MRR( (X(<R '(<>R('
[ +,- >$$ULMD < 74D SD3 R5( (X(<RM + , <' +,. L( ;L9('D



  
   


       
+ 1++ gB$FA>) X>:CA dA`.X C, .d.C] X.Q`.C).

5( ;>'(: R5R Y7:: ( 7<RL>'U$(' <>Y '(M$L7(M 7< Y57$5 >L'(L R5( (X(<RM >$6
$UL UR 7R M <>R57<4 >UR R5( R(;@>L: '7MR<$( >/ R5(M( (X(<RMD 5( M(EU(<$(M
>/ '7M$L(R( X:U(M R5R R5( 7<@UR& MRR( >L >UR@UR MMU;( />L  R7;( 5>L7\>< 7+ L(
'(<>R(' [
 $4 EEE 7+ %  $U$4%( U$"%( U$1%( EEE( U$7+ %%
!$4 EEE 7+ %  $Z$4%( Z$"%( Z$1%( EEE( Z$7+ %%
 $4 EEE 7+ %  $V$4%( V$"%( V$1%( EEE( V$7+ %%E
< '74<>M7M& 7+ '(<>R(M R5( $ULL(<R R7;( 7<MR<R <'  $4 EEE 7+ % <'  $4 EEE 7+ % R5(
;(MUL(' M(EU(<$(M R> ( @L>$(MM('D

=8.*/*9=* @=1.=6  MR<'L' />L; />L '(M$L77<4 '7M$L(R(6(X(<R M[MR(;M 7M


R5( '(R(L;7<7MR7$ UR>;R><
  $ M ( I ( J ( (
( Z2 %(
Y57$5 5M R5( M(R >/ MRR(M M & R5( 7<@UR M(R I <' R5( >UR@UR M(R J D  <'
L(
R5( MRR( RL<M7R7>< /U<$R7>< <' R5( >UR@UR /U<$R7><& Y57$5 '(R(L;7<( R5( MU$$(MM>L
MRR( >L >UR@UR 7< R5( />::>Y7<4 Y[%
Z$7'"%  $Z$7%( U$7%%( Z$4%  Z2 ASD?TB
V$7% 
$Z$7%( U$7%%E ASD?SB
Z2 7M R5( 7<7R7: MRR(D 7 '(<>R(M R5( @:$( R5R R5( 7<@UR& MRR( <' >UR@UR X:U(M 5X(
7< R5( $>LL(M@><'7<4 M(EU(<$(D
X7>UM:[& />L  47X(< 7<7R7: MRR( Z2 <' 7<@UR M(EU(<$(  $4 EEE 7+ % R5( MRR(
<' >UR@UR M(EU(<$(M !$4 EEE 7+ % <'  $4 EEE 7+ % $< ( 4(<(LR(' [ @@:[7<4
EMD ASD?TB <' ASD?SB 7+ R7;(MD 5( UR>;R>< 7M '(R(L;7<7MR7$ ($UM( R5( 7<76
R7: MRR( <' R5( 7<@UR M(EU(<$( U<;74U>UM:[ '(R(L;7<( R5( MRR( <' >UR@UR M(6
EU(<$(D
^O[ >X)W.].=.d.C] XgX].BX 7D

1/)=8.*/*9=* @=1.=1/6 < R5( <><6'(R(L;7<7MR7$ UR>;R><


$ M ( I ( J ( 4 ( Z2 %
R5( /U<$R7><M  <'
>/ R5( '(R(L;7<7MR7$ UR>;R>< L( L(@:$(' [ R5( '
&C(/A8+ 8+>(/- 4
4  M 5 J 5 M 5 I ) #4( "$
Y57$5 />L (X(L[ 47X(< MRR( Z$7% <' 7<@UR U$7% '(M$L7(M Y57$5 MU$$(MM>L MRR(
Z$7 ' "% $< ( MMU;(' Y57:( 4(<(LR7<4 R5( >UR@UR V$7%D (<$(& R5( '[<;7$:
(5X7>UL >/ R5( UR>;R>< 7M '(M$L7(' [ :: 36RU@:(M />L Y57$5
4 $Z$7'"%( V$7%( Z$7%( U$7%%  " ASD?3B
5>:'MD EUR7>< ASD?3B L(@:$(M EMD ASD?TB& ASD?SB >/ R5( '(R(L;7<7MR7$ UR>;R><D
X7>UM:[& />L Z2 <'  $4 EEE 7+ % R5( M(EU(<$(M !$4 EEE 7+ % <'  $4 EEE 7+ % L( <>R
U<7EU(D
/ R5( @L>7:7R7(M Y7R5 Y57$5 R5( UR>;R>< MMU;(M R5( '7//(L(<R 36RU@:(M >< R5(
:(/R65<' M7'( >/ ED ASD?3B L( 9<>Y<& 7<MR(' >/ R5( <><6'(R(L;7<7MR7$ UR>;R><
 MR>$5MR7$ UR>;R><
  $ M ( I ( J ( ( )! $Z$4%%%
$< ( UM(' R> '(M$L7( R5( '7M$L(R(6(X(<R M[MR(;D 5( &C(/A8+ 8+>(/-
  M 5 J 5 M 5 I 4
4( "
$Z  ( V( Z( U%  L> $Z8 $"%  Z  ( V8 $4%  V ! Z8 $4%  Z( U8 $4%  U%
'(M$L7(M R5( @L>7:7R[ R5R R5( UR>;R>< MR(@M /L>; MRR( Z R>YL'M MRR( Z  Y57:(
4(<(LR7<4 R5( >UR@UR V 7/ 7R 4(RM R5( 7<@UR UD (<$(&  @L>7:7R[ ;(MUL( $< (
MM>$7R(' Y7R5 ($5 MRR( M(EU(<$( ! <' >UR@UR M(EU(<$(  D

1- 1"  "@-=D *98=)A/= 9D9=.6 < >L'(L R> '(M$L7( R5( (5X7>UL >/ 
'7M$L(R(6(X(<R M[MR(; U<'(L R5( 7<2U(<$( >/ /U:RM& R5( /U:R / $7% 7M 7<RL>'U$(' M <
''7R7><: '7M$L(R(6X:U(' 7<@URD 5( /U:R ;[ $5<4( >X(L R7;( <'& R5UM& 4(<(LR(
R5( M(EU(<$(
 $4 EEE 7+ %  $/ $4%( / $"%( EEE( / $7+ %%E
5( ''7R7><: 7<@UR / (ZR(<'M R5( MR>$5MR7$ UR>;R><& Y57$5 ($>;(M
  $ M ( I ( ' ( J ( ( )! $Z2 %%
Y7R5 ' '(<>R7<4 R5( M(R >/ @>MM7:( /U:R X:U(MD 5( (5X7>UL: L(:R7><  7M <>Y
 /U<$R7>< >/ 0X( L4U;(<RM%
$Z  ( V( Z( /( U% 
L> $Z8 $"%  Z  ( V8 $4%  V!Z8 $4%  Z( /8 $4%  /( U8 $4%  U% E

6#(" 1+. #/.1"3'1 &(% ( 1! 14("1'$ /6/1&


<. Q`.X]>FC e<.]<.W  :>d.C XgX].B X<F`A, $. ,.A] e>]< X  )FC]>CF`X=dW>$A. FW 
,>X)W.].=.d.C] XgX].B ,.K.C,X CF] FCAg FC >]X KWFK.W]>.X $`] AXF FC ]<. ]X@ ]F $. XFAd.,
[i ^O F,.AX F5 ,gCB>)A XgX].BX

 

  
 
   
     
          
     

           
     

     
                
     
     

      

      

 

         
+ 1++ ]F)<X]>) `]FB]FC ,.X)W>$>C: ]<. ]C@ XgX].B 5FW 5`A]g
K`BK F  0!

e>]< ]<. BF,.AO 5 5FW ]<. ]eF=]C@ XgX].B ]<. ]C@ A.d.AX X<F`A, X>BKAg W.B>C >C  T<>:<U
W.:>FC+ >] >X X`56)>.C] ]F ,>X]>C:`>X< ]<. A.d.AX T<>:<U+ TB.,>`BU C, TAFeU C, ]F ,.X)W>$.
]<. $.<d>F`W F5 ]<. XgX].B X  Xe>])<>C: BFC: ]<.X. Q`A>]]>d. A.d.AXO <. :WK< F5 ]<.
X]F)<X]>) `]FB]FC ,.X)W>$>C: ]<>X $.<d>F`W >X ,.K>)]., >C >:O ^O7O <. `]FB]FC X]].
U   )FWW.XKFC,X ]F ]<. ]C@ X]]. 1 ' 1 ! + e<.W. $F]< ]C@ A.d.AX W. TAFeU+ >O.O ,F CF] .f=
)..,  :>d.C ]<W.X<FA,O <. F]<.W X]].X W. ,.6C., >C  X>B>AW eg X >AA`X]W]., $g >:O ^O7O
<. `]FB]FC :WK< >X ,WeC 5FW 5`A]g K`BK LCF >C8Fe ]F C@ IM e<>)< B@.X ]<. >CK`]
`X.A.XXO <. F`]K`] R   ,.CF].X  XBAA C, R  -  AW:. F`]8Fe 5WFB C@ _O <. A$.AX
F5 ]<. W)X ,.X)W>$. ]<. F`]8Fe ]F:.]<.W e>]< ]<. KWF$$>A>]g e>]< e<>)< ]<. X]]. ]WCX>]>FC
,.X)W>$., $g ]<. W) F))`WXO <. `]FB]FC XgX+ 5FW .fBKA.+ ]<] >5 ]<. ]C@ XgX].B >X >C
X]]. [ L1 >X <>:<+ 1 B.,>`BM ]<.C >] XX`B.X C.f] FC. F5 ]<. X]].X 7+ _ FW ^ C, ]<] >] :F.X
5WFB X]]. [ ]FeW,X X]]. _ e<>A. :.C.W]>C: ]<. F`]K`] R  - e>]< ]<. KWF$$>A>]g iO9O AA
K]<X ]<WF`:< ]<. `]FB]FC XgB$FA>X.  KFXX>$A. X]]. X.Q`.C). C, ,.6C. C XXF)>].,
F`]K`] X.Q`.C).  O 

2+/ 8-! .8.1%.

>L ;<[ R($5<>:>47$: M[MR(;M >R5 $><R7<U>UM <' '7M$L(R( @5(<>;(< @:[ 7;6
@>LR<R L>:(MD 5( ;7ZRUL( >/ '7M$L(R( <' $><R7<U>UM M74<:M <' '7M$L(R( <' $><6
R7<U>UM />L;M >/ R5( ;>'(:M UM(' 7M R[@7$: />L MU@(LX7M>L[ $><RL>: RM9M <' @: 
@LR7$U:L L>:( 7< '74<>M7M <' /U:R6R>:(L<R $><RL>:D M R5( M[MR(; @>MM(MM(M >R5
L(:6X:U(' <' '7M$L(R(6X:U(' M74<:M& $>;7<R7><M >/ '7//(L(<R7: (EUR7><M <'
UR>;R 5X( R> ( UM(' />L 7RM '(M$L7@R7>< A74D SDPBD
5( ;7< @L>:(; 7< '(:7<4 Y7R5 5[L7' M[MR(;M L(MU:R /L>; R5( '7//(L(<R L<4(
>/ R5( M74<:MD 5( RL<M7R7>< (RY((< R5(M( '7//(L(<R L<4(M L( L(@L(M(<R(' [ EU<6
^OZ g$W>, XgX].BX [I

 
 
             

   



        


   



  
    


+ 1+/+ g$W>, ,gCB>)A XgX].B

R7M(LM <' 7<8($R>LMD 5( 6A->(98 RL<M/>L;M  L(:6X:U(' M74<: 7<R>  M(EU(<$(
>/ M[;>:M& Y5(L( R5( L(:6X:U(' M74<: >L M74<: X($R>L 7M '(<>R(' [  :>Y(L6$M(
:(RR(L :79( Y >L 6 <' R5( $>LL(M@><'7<4 EU<R7M(' M74<:M [
Y >L
6 D /& 7< R5(
M7;@:(MR $M(& R5( EU<R7M(L '($7'(M R> Y57$5 L(: 7<R(LX: >/  47X(< M(R >/ 7<R(L6
X:M R5( $ULL(<R X:U( Y$P% (:><4M& R5( X:U( >/ R5( EU<R7M(' M74<:
Y$P% R R5(
M;( R7;( 7<MR<R P 7M R5( <U;(L >/ R5( $>LL(M@><'7<4 7<R(LX:D :(L:[& R57M 7<R(L6
X: $< ( MM>$7R(' Y7R5 M[;>:7$ <;(M :79( H<>L;:I& H5745I >L H:>YI& Y57$5
47X(  M(;<R7$ M74<: X:U(D M :><4 M R5( M74<: '>(M <>R :(X(  47X(< 7<R(LX:&
R5( EU<R7M(' X:U( L(;7<M R5( M;(D (<$(&  $><R7<U>UM $5<4( >/ Y$P% 7M RL<M6
/>L;(' 7<R>  M(EU(<$( >/ '7M$L(R( $5<4(M >/
Y$P% & Y5(L( R5( EU<R7M(L '>(M <>R
><:[ '(R(L;7<( R5( M[;>:7$ X:U( >/ R5( M74<: UR :M> R5( R7;( 7<MR<RM R Y57$5
R5(M( M[;>:7$ X:U(M $5<4(D
5( (-)>/8 $LL7(M >UR R5( 7<X(LM( ;@@7<4D RM 7<@UR 7M  M[;>:7$ M74<: :79(

6 & Y57$5 7M MM>$7R(' Y7R5  L(:6X:U(' M74<: 6D 5( L(:R7>< (RY((<


6 <' 6
$< ( (7R5(L '(R(L;7<7MR7$ Y5(L( (X(L[ M[;>:7$ X:U( 7M MM>$7R(' Y7R5  U<7EU(
L(: X:U( >L <><6'(R(L;7<7MR7$ Y5(L( R5( MM>$7R(' L(: X:U( 7M L<'>;:[ M(:($R('
/L>;  47X(< M(R >/ M74<: X:U(M >L ;[ XL[ Y7R57< R57M M(R M :><4 M R5( M[;>:7$
X:U( '>(M <>R $5<4(D < <[ $M(& R5( 7<8($R>L 7M R5( 7<R(L/$( (RY((< M[;>:7$
<' L(:6X:U(' M74<:MD
 MR<'L' MRLU$RUL( >/ 5[L7' M[MR(;M 7M M5>Y< 7< 74D SDPD 5( M[MR(; 5M $><6
R7<U>UM 7<@UR <' >UR@UR AT! <' Y! B M Y(:: M '7M$L(R( 7<@UR <' >UR@UR AT# <'
Y# B& Y5(L( R5( RRL7UR( H'7M$L(R(I L(/(LM R> R5( M74<: X:U(D < ''7R7>< R> R5R& R5(
M[MR(; ;[ ( $><M7'(L(' M  '7M$L(R(6R7;( M[MR(; Y5(L( :: M74<:M L( 9<>Y<
><:[ R 47X(< M;@:7<4 R7;( 7<MR<RMD
U<R7M(' M[MR(;M& Y57$5 L( $><M7'(L(' 7< 5@R(L = L(@L(M(<R < 7;@>LR<R
$:MM >/ 5[L7' M[MR(;MD 5(M( M[MR(;M (Z577R @L7<$7@: @5(<>;(< R5R $5L$6
R(L7M( 5[L7' M[MR(;MD
[_ ^O F,.AX F5 ,gCB>)A XgX].BX

2+ !&#. 16& 1 !-&1 %($.

7<$( '7//(L(<R ;>'(:M $< ( U7:R 7< >L'(L R> '(M$L7( R5( M;( M[MR(;& R5(L( ;UMR
( M>;( L(:R7><M (RY((< R5(;D 5( 7; >/ R57M M($R7>< 7M R> @L(M(<R <' '7M$UMM
R5>M( L(:R7><MD

-=*1/ .1/' =( .1-96 5( ;>MR 7;@>LR<R '7//(L(<$( >/ R5( ;>'(:M 7<RL>6
'U$(' M> /L $><$(L<M R5( X:U( M(R >/ R5( M74<:MD ><R7<U>UM6XL7:( '(M$L7@R7><M
L(/(L R> M74<:M Y7R5 L(: M74<: X:U(M Y5(L(M '7M$L(R(6(X(<R ;>'(:M UM( M74<:M
Y7R5 '7M$L(R( M74<:M X:U(MD 5( EU(MR7>< Y57$5 ;>'(: 7M @@L>@L7R( />L  @LR7$U6
:L @@:7$R7>< '(@(<'M U@>< R5( EU(MR7>< Y5(R5(L R5( $><R7<U>UM ;>X(;(<R >/ R5(
M[MR(; >L  M(EU(<$( >/ '7M$L(R( (X(<RM 4(<(LR(' [ R5( 47X(< M[MR(; 5X( R> ( 7<6
X(MR74R(' />L M>:X7<4 R5( 47X(< RM9D 5(L(/>L(&  47X(< M[MR(; ;[ ( $><M7'(L('
M7;U:R<(>UM:[ M  $><R7<U>UM M[MR(; >L  '7M$L(R( M[MR(; 7/ '7//(L(<R @L>:(;M
5X( R> ( M>:X('D
>L (Z;@:(&  R<9 M[MR(; 5M R> ( $><M7'(L(' M  $><R7<U>UM M[MR(; 7/ R5( :(X(:
>/ R5( R<9 >L  $><$(<RLR7>< >/  $(LR7< MUMR<$( 7< R5( :7EU7' 0::7<4 R5( R<9 5M
R> ( $><RL>::('D (X(: >L $><$(<RLR7>< $><RL>::(LM ;(MUL( R5( <U;(L7$: X:U( >/
R5( :(X(: >L R5( $><$(<RLR7>< Y7R5  47X(< M;@:7<4 LR( <' 0Z R5( $><RL>: 7<@UR
R> ( @@:7(' R R5( <(ZR R7;( 7<MR<RD 5( M;( R<9 M[MR(; ;[ ( $><M7'(L('
M  '7M$L(R(6(X(<R M[MR(; 7/ 7R 7M @LR >/  R$5 @L>$(MMD 5(<  $(LR7< L($7@(
7M L(:7M(' [ 7;@>M7<4  '7M$L(R( $><RL>: M(EU(<$( >< R5( R<9 Y5(L( R5( $><RL>:
$>;;<' >@(<M >L $:>M(M X:X(M R> 0:: >L (;@R[ R5( R<9& 5(R >L $>>: R5( :7EU7'
(R$D 5( $><RL>::(L& Y57$5 7M UMU::[  @L>4L;;:( :>47$ $><RL>::(L L($RM ><:[ ><
(X(<RM& Y57$5 L( 4(<(LR(' 7/ R5( :7EU7' >L R5( R(;@(LRUL( $L>MM(M 47X(< R5L(M5>:'MD
5( R(;@>L: '7MR<$( >/ R5(M( (X(<RM 7M >/ ;7<>L 7;@>LR<$( <'& R5(L(/>L(& <>R
'(M$L7(' [ R5( ;>'(:D

8(*==@8 / "@/=*1/96 :R5>U45 /U<$R7><: ;>'(:M 5X( <>R ((< '(X(:>@('
7< R57M $5@R(L& 7R ;[ ( Y>LR5 R> '7M$UMM R5( :7<9 (RY((< L$57R($RUL( <' /U<$6
R7><D 5( L$57R($RUL( ;>'(: '(M$L7(M R5( M[MR(; M  <(RY>L9 >/ 7<R(L$><<($R('
$>;@><(<RMD 5( L(M>< Y5[  47X(< $>;@><(<R (:><4M R> R5( M[MR(; 7M R5R 7R 5M
((< $5>M(< R> @(L/>L;  M@($70$ /U<$R7><& 7<  47X(< M[MR(; >@(LR7<4 ;>'(D 5UM&
($5 M(LX7$( >/  $>;@><(<R 7M MM>$7R(' Y7R5  47X(< /U<$R7>< R5( $>;@><(<R 7M
(Z@($R(' R> /U:0: 7< M>;( >@(LR7<4 ;>'(D >L (Z;@:(& R5( H>@(<I M(LX7$( >/ X:X(
 7< R5( R<9 (Z;@:( 7M MM>$7R(' Y7R5 R5( /U<$R7>< H7<$L(M( R5( :(X(: 7< <9
. I Y5(< R5( :(X(: 7< <9  7M 5745(L R5< R5( :(X(: 7< <9 . <' 5745(L R5<
R5( :(X(: >/ R5( $><<($R7<4 @7@(D

8(*==@8 / (A*1@86 >;@><(<RM @L>X7'( M(LX7$(M Y57$5 RL<M/>L; $><6


MU;(' XL7:(M 7<R> @L>'U$(' XL7:(M& $$>L'7<4 R> M>;( 47X(< @L>$('UL(D L76
:(M Y57$5 L( @L>$(MM(' [ M(LX7$(M ;[ ( EU<R7RR7X( >L EU:7RR7X(D < <[
$M(& R5( @L>$('UL(M Y57$5 '(M$L7( R5( M(LX7$(M >/  $>;@><(<R L( <>R57<4 (:M(
^O2 >C@X $.]e..C ]<. ,>55.W.C] BF,.AX [^

R5< $><MRL7<RM Y57$5 :7<9 R5( X:U(M >/ R5( XL7:(M MM>$7R(' Y7R5 R57M $>;@>6
<(<RD 5( R(;@>L: (5X7>UL >/ R5(M( XL7:(M 7M R5UM '(0<(' ><$( R5( @L>$('UL(M
L( 47X(<D >R( R5R R5(M( @L>$('UL(M 7<RL>'U$( :4(L7$ <' '7//(L(<R7: $><MRL7<RM
/>L EU<R7RR7X( XL7:(M <' '7M$L(R(6(X(<R ;>'(:M />L EU:7RR7X( XL7:(MD

6#(" 1+ #.'1 &(%/ ( 1! 1'$ /6/1&


FW .fBKA.+ ]<. TFK.CU X.Wd>). F5 dAd.  )FCX>,.W., $Fd. >C]WF,`).X C A:.$W>) )FC=
X]W>C] $.]e..C ]<. 8Fe 5WFB ]C@  ]F ]C@  C, ]<. ]eF A.d.AX 1 C, 1
2
F  4 P! 1 , 1 >5 1 % / 1 ' 1 !
F  0 >5 / 1 ' 1 ! ( 1
2
F  ,4 P! 1 , 1 >5 1 % / 1 ' 1 !'
e<.W. 4 P! >X XFB. )F.56)>.C] e<>)< ,.K.C,X FC P+ ]<. FK.C>C: KFX>]>FC F5 ]<. dAd.+ e<>A.
]<. T)AFX.U X.Wd>). >C]WF,`).X ]<. )FCX]W>C]
F  0' 8 1 ' 1 A
AXF CF]. ]<] X>C). ]<. X.] F5 X.Wd>).X L>O.O ]<. X.] F5 )FCX]W>C]X+ C, ]<.W.5FW. ]<. $.=
<d>F`W BF,.AM ,.K.C,X FC ]<. XgX].B FK.W]>C: BF,.+ ]<. :.C.W>) )FBKFC.C] BF,.A ,>W.)]Ag
>C]WF,`).X  <g$W>, BF,.A 5FW ]<. XgX].B ,.X)W>K]>FCO C ]<. dAd. .fBKA.+ ]<W.. FK.W]>C:
BF,.X X<F`A, $. )FCX>,.W., ]F ,.X)W>$. ]<. $.<d>F`W BF,.A+ CB.Ag
dAd. >X FK.C C, / 1 ' 1 ! ( 1
]<.C F  0
dAd. >X FK.C C, 1 % / 1 ' 1 !/FW 1 % / 1 ' 1 !
]<.C F  X>:C 1 , 1 !4 P! 1 , 1 
dAd. >X )AFX.,
]<.C F  0A
5 ]<. 5`C)]>FCX W. )FCX>,.W.,+ ]eF ,>55.W.C] FK.W]>C: BF,.X <d. ]F $. XXF)>]., e>]< ]<.
X>]`]>FC F . 0+ CB.Ag
dAd. >X FK.C C, 1 % / 1 ' 1 !
2
]<.C F  4 P! 1 , 1 C, A.d.A 1 >C)W.X.X
dAd. >X FK.C C, 1 % / 1 ' 1 !
2
]<.C F  ,4 P! 1 , 1 C, A.d.A 1 ,.)W.X.XA
] )C $. )<.)@., ]<]  ,>X)W.].=.d.C] BF,.A F5 ]<>X XgX].B )C $. $`>A] $g )FCX>,.W>C: ]<.
5FAAFe>C: .d.C]X
. * dAd.  FK.CX
. * dAd.  )AFX.X
. * $F]< A.d.AX 1 C, 1 $.)FB. AFe.W ]<C 1
. * 1 $.)FB.X <>:<.W ]<C / 1 ' 1 !
.
* 1 $.)FB.X <>:<.W ]<C / 1 ' 1 ! 

(A*1@8 / 9=8@=@86 5( :7<9 (RY((< R5( (5X7>UL ;>'(: <' R5( MRLU$RUL:
;>'(: 7M >X7>UM& M7<$( R5( MRLU$RUL: ;>'(: 7M <>R57<4 UR < MRL$R7>< >/ R5(
(5X7>UL ;>'(:D < ($5 >@(LR7<4 ;>'(& R5(L( 7M  M(R >/ $><MRL7<RM  Y57$5 :7<9
R5( X:U(M >/ R5( M[MR(; XL7:(M    @ D 5( MRLU$RUL( >/ R5(M( $><MRL7<RM 7M
[9 ^O F,.AX F5 ,gCB>)A XgX].BX

'7L($R:[ L(@L(M(<R(' [ R5( M(R >/ ('4(M  7< R5( 76@LR7R( 4L@5 $& & % Y5>M(
<>'(M L( L(M@($R7X(:[  <' D

6#(" 1+% 1.212. (  3%3 #' #.'1 ().1#(' &(/


C ]<. dAd. .fBKA.+ ]<. W. ]eF ,>55.W.C] X]W`)]`W. XXF)>]., e>]< ]<. 5F`W ,>55.W.C] FK.W]=
>C: BF,.X e<>)< KK.W FC ]<. <g$W>, ,.X)W>K]>FC F5 ]<. XgX].B $.<d>F`W*

 0,303, ' 5 ]<. dAd. >X FK.C C, / 1 ' 1 ! ( 1 FW >5 ]<. dAd. >X )AFX.,+ ]<.
5FAAFe>C: W.A]>FC <FA,X*

 1 1 F P
% 
% 
FCX]W>C] % .fKW.XX.X ]<] ]<. )FC]WFA P >X @CFeC+ C, )FCX]W>C] % .fKW.XX.X ]<] ]<.
8Fe F >X AXF @CFeC LX>C). F  0MO

 0,303, 2 5 ]<. dAd. >X FK.C C, 1 % / 1 ' 1 ! FW 1 % / 1 ' 1 !+

 1 1 F P
% 
%    
e<.W. )FCX]W>C] % .fKW.XX.X ]<] ]<. )FC]WFA P >X @CFeC+ C, )FCX]W>C] % .fKW.XX.X ]<.
W.A]>FC $.]e..C ]<. 8Fe F + ]<. )FC]WFA P+ C, ]<. ]eF A.d.AX 1 C, 1 O 

2+' 7-!..

6,- 1+' (% ( /!#) 6'&#/


X>C: ]<. CF]]>FC 5WFB .)]>FC _O_+ ]<. ,gCB>) BF,.A F5  X<>K >X
>   # , > # , > ! # #)
E  >  # >:
T  E
T  E
T  )

IO .W>d.  A>C.W BF,.A >C X]].=XK). 5FWB+ A>C.W>X>C: $F`] ]<. KF>C] F5 FK.W]>FC
>   >* ' E  E* ' )  )*
_O >C, AXF ]<. BF,.A 5FW ]<. XK.)>A )X.
   0' E  0' )  0A 
>
^OD f.W)>X.X [7

6,- 1+2 (% ( #'2/1.#% 121(.


 $AF)@ ,>:WB F5 C >C,`X]W>A )]`]FW >X X<FeC >C >:O ^OZO ] )FCX>X]X F5 ]<. 5FAAFe>C:
)FBKFC.C]X*
  BF]FW e>]< >CK`] )`WW.C] 2 C, BF]FW XK.., ;
 KFe.W ,W>d. e>]< @CFeC )`WW.C] )FBBC, 2
 :.W e>]< :.W W]>F  .56)>.C)g , C, F`]K`] C:A. N
 `C@CFeC AF, ]FWQ`. & O
.X`W.B.C]X W. N' ]<. C:A. 5].W ]<. :.W C, ;' ]<. X<5] XK.., ] ]<. BF]FWO



    


      
   
     

       
    
+ 1+.+ AF)@ ,>:WB F5 )]`]FW e>]< ,,>]>d. 5`A]X = FK.C AFFK

<. 5`A]X )FC).WC


 -7 3 KFX>]>FC X.CXFW 5`A]
 -) 3 ])<FB.].W 5`A]
 -# 3 )]`]FW 5`A]O
>]< /  ;' N! + P  2 + (  & +   -# ' -) ' -7 ! + 0  ;' ' N' ! + ]<. )]`]FW <X
]<. 5FAAFe>C: X]].=XK). W.KW.X.C]]>FC
(
/  / # P #  ; ( #  ;  L^OI7M
(L
0  / #  <  A

IO <Fe ]<]
! 
(
,
!! 0
 

0
C, ,.].WB>C. ]<. W.B>C>C: B]W>).X >C ]<. X]].=XK). BF,.AO
_O <Fe ]<] ]<. XgX].B ]WCX5.W 5`C)]>FC L KA). ,FB>CM >X
/ I!  I , ! P I! #  ; ( I! #  ;  I!!
0 I!   I , ! P I! #  ; ( I! #  ;  I!! #  <  I!A
^O X>C: ]<. X<FW]<C, CF]]>FC
0 I!   <8 I!P I! #  < I!( I! #  <  I!'
,.].WB>C. ]<. ]<W.. ]WCX5.W 5`C)]>FC B]W>).X  <8 '  < C,  < O .W>5g e<] >X K=
KW.C] 5WFB ]<. $AF)@ ,>:WB+

;' I!  40 ,2 I! # & I! # 40 ,-# I!! # -) I!A 
I 5*5 # "
[[ ^O F,.AX F5 ,gCB>)A XgX].BX

6,- 1+1 #/.1"1#& &(% ( #'2/1.#% 121(.


<. 5FAAFe>C: KWB.].WX KKAg ]F ]<. >C,`X]W>A )]`]FW .fKA>C., >C f.W)>X. ^O_*
40  0A K+ ,  0A+   00+ 5*5  - / 0  + "  0 &K% O
IO .].WB>C. ]<. C`B.W>)A ]WCX5.W 5`C)]>FC B]W>).X  <8 '  < '  < O >C, ]<. dA`.X
F5 :>CX C, ]<. AF)]>FC F5 KFA.X C, h.WFXO
_O @.  ,>X)W.].=]>B. BF,.A `X>C:  XBKA>C: ]>B. F5 _ BXO F]. dA`.X F5 :>CX+
,>X)W.].=]>B. LU=KAC.M KFA.X C, h.WFX >C ]<. ,>X)W.].=]>B. BF,.AO
^O .].WB>C. ]<. X].,g=X]]. KWFK.W]>.X F5 ]<. )<C:. >C B.X`W.B.C] dA`.X e<.C X].K=
e>X. 5`A]X C, ,>X]`W$C). W. KKA>.,O `A]X FW AF, X].KX KK.W FC. ]  ]>B. C, W.
CF] X>B`A]C.F`XAg KW.X.C]O 

6,- 1+ '2/1.#% 121(. 4#1! /) ('1.(%


>:`W. ^O2 X<FeX C )]`]FW e>]< XK.., )FC]WFA+  A>B>] >C ]<. Bf>B`B )`WW.C] 5WFB ]<.
KFe.W ,W>d. C, B.X`W.B.C] F5 BF]FW )`WW.C] 2' O <. XK.., )FC]WFAA.W >X
2  45 ; , ;' !O <. KFe.W ,W>d. <X  :>C F5  >C ]<. A>C.W WC:. 2 ( 2# +
F]<.We>X. 2  2# & 2 !O

   
        

    
  
 


   
 
  
     
     
   
  
 

+ 1++ )]`]FW e>]< C:`AW d.AF)>]g 5..,$)@

IO W>].  ,gCB>) BF,.A F5 ]<. )]`]FW >C ]<. 5FWB


! ( ! (
( ; ;
 & #  & ; #  ;& & #  ;& 
(L N N
$ +
;' ! (
" N' ) ;
  & #  & ; #  <& & #  <& 
N
2'
C, ,.].WB>C. ]<. .A.B.C]X F5 AA KWB.].W B]W>).X  & '  & ' AAA >C ]<. BF,.AO
_O BKA.B.C]  X>B`A]>FC F5 ]<. )FC]>C`F`X=]>B. BF,.A F5 ]<. )]`]FW F5 >:O ^O2O X.
45  A0 &K% C, 2#  0-0  >C ]<. )`WW.C] A>B>].W $AF)@ >C ]<. X>B`A]>FCO
^O A>,]. ]<] ]<. W.XKFCX.X ]F X].K=e>X. )<C:.X >C W.5.W.C).+ AF, ]FWQ`. C, 5`A] X>:=
CAX C, )FBKW. e>]< ]<FX. F5 ]<. ]<.FW.]>)A BF,.AO 
^OIi >$A>F:WK<>)A CF].X [Z

6,- 1+ (% (  ( &!#'


.X)W>$. ]<. X].KX ]F KWF,`).  )F55.. e>]< B>A@ $g B.CX F5  )F55.. BX)<>C. $g  ,.].W=
B>C>X]>) `]FB]FCO Fe )C ]<>X `]FB]FC $. .f].C,., ]F <g$W>, BF,.A >5 ]<. ,>55.W.C]>A
.Q`]>FCX ,.X)W>$>C: ]<. )FC]>C`F`X KWF).XX.X W. XXF)>]., ]F XFB. F5 ]<. `]FB]FC X]].XR


2+)9 !$!(-*!$ &(1.


F,`AW C, F$?.)]=FW>.C]., BF,.AX <d. $..C ,.d.AFK., ]F ,.X)W>$. W)<>].)]`W.X F5 `]F=
B]., XgX].BX '_(+ 'IIi(+ 'I[7(O `)< BF,.AX W. `X., >C ]<. ,.X)W>K]>FC C, ]<. dA>,]>FC F5
W.A=]>B. C, ,>X]W>$`]., XgX].BX '_7^(+ C, XK.)>6) ]FFAX+ A>@. X]]. )<W]X <d. $..C ,.d.A=
FK., ]F ,.X)W>$. ]<.>W W.A=]>B. FK.W]>FC 'Di(O .C.W>) )FBKFC.C] BF,.AX W. W)<>].)]`W.
BF,.AX+ 6WX] ,.d.AFK., 5FW ]<. ,.X)W>K]>FC F5 >C].AA>:.C] X.CXFWX C, )]`]FWX '__7(+ '_^i(O
<.g <d. $..C `X., 5FW ]<. >C].WFK.W$>A>]g CAgX>X F5 ,>X]W>$`]., W)<>].)]`W.X 'I(+ 'D(+ 'II(+
'^i(O <.W. .f>X]X  $W>,:. $.]e..C gC)<W]X C, :.C.W>) )FBKFC.C] BF,.AX+ e<>)< KWF=
d>,.X  B.CX F5 CAgX>C: $F]< ]<. XgX].B W)<>].)]`W. C, >]X XXF)>]., W.A=]>B. $.<d>F`W
'2(O
.<d>F`W BF,.AX $X., FC T6WX] KW>C)>KA.XU ,.X)W>$. ]<. KFe.W .f)<C:.X C, ]WCX5FW=
B]>FCX e<>)< ]@. KA). >C  KWF).XXO FC, :WK<X+ 6WX] ,.d.AFK., >C 'IDZ(+ ,.X)W>$. KFe.W
X ]<. KWF,`)] F5 C .55FW] L.O:O dFA]:.+ KW.XX`W.+ 5FW).M C,  8Fe L.O:O )`WW.C]+ dFA`B. 8Fe+
d.AF)>]gM+ C, `X.  :WK<>)A W.KW.X.C]]>FC ]F ,.X)W>$. ]<. .f)<C:.X F5 KFe.W $.]e..C
,>55.W.C] )FBKFC.C]X F5  KWF).XXO <.g KWFd>,.  `C>6., BF,.AA>C: KKWF)< 5FW ,>55.W.C]
.C:>C..W>C: ,>X)>KA>C.X+ X>C). KFe.W >X  )FC).K] e<>)< >X X<W., $g AA F5 ]<.BO FC, :WK<
BF,.AA>C: <X $..C 5`W]<.W ,.d.AFK., >C 'II_( C, '_7_(+ C, W.).C]Ag .f].C,., ]F ]<.WBA
C, )<.B>)A .C:>C..W>C: >C '_7I(O FC, :WK< BF,.AX W. `X., 5FW X>B`A]>FC C, )FC]WFA
,.X>:C+ X e.AA X 5FW ]<. ,.X>:C F5 5`A] ,.].)]>FC C, >XFA]>FC A:FW>]<BX '_9Z(O
FW C >C]WF,`)]>FC >C]F ]<. e>,. 6.A, F5 XgX].B >,.C]>6)]>FC+ ]<. W.,.W >X W.5.WW., ]F ]<.
BFCF:WK<X 'I^_(+ '__I( C, '_[I(O
FF, >C]WF,`)]>FCX ]F ,>X)W.].=.d.C] XgX].BX W. '^D( C, 'I92(O

 

 +##  #   %#


 "%%("

( "*' !(    0(( * !"!  * '**,' !  (0(*#


* ( .* *  !'*! **   , '! !"!  *(  
* .0  . * !"!  *( ' ! *# "   '*
!"!  *( ' ('  *'( ! *'  ' "'!"'*(# (  
, * ('- !' 0  !"!  *  ' * !( ! !"'*!
  * ! *! ( , ' . !"!  * ,*( !,'# '!"'*( ! (
* (" !"!  *( ' (,((   *' '*!  *!  '
!"!  *( *  ' - ( ,(*'*# !' *!( !' (' 
 ' !"!  *( '  *'!,# '   '"*!'* *
!( ' "!0 *!  0( * "'!"*! ! ,*( *'!, * ,*0
(0(*#

+) &1-(41!(&

L$57R($RUL( ;>'(:M '(M$L7(  M[MR(; M  M(R >/ 7<R(L$><<($R(' $>;@><(<RMD 57M


MRR(;(<R 7M RLU( R <[ 57(LL$57$: :(X(:D >Y6:(X(: $>;@><(<RM& MU$5 M M(<M>LM
<' $RUR>LM& L( '7L($R:[ 7<R(L/$(' Y7R5 R5( @L>$(MMD 5([ @L>X7'( :>Y6:(X(: M(L6
X7$(M% ;(MUL(;(<R >/& >L $R7>< >< M>;( M@($70$ @L>$(MM XL7:(D UM[MR(;M&
$>;@>M(' >/ M(X(L: $>;@><(<RM& $< :M> ( $><M7'(L('D 5([ />L; 5745(L6:(X(:
'(X7$(M Y57$5 $< ( 44L(4R(' R> (X(< 5745(L :(X(:MD 745(L :(X(: '(X7$(M @L>X7'(
5745(L6:(X(: M(LX7$(MD 5( @L7;L[ RL$9 $><RL>: :>>@ 7< R5( M57@ (Z;@:( @L>X7'(M
R5( M57@ R> />::>Y  '(M7L(' @R5 R5L>U45 M5::>Y YR(LN R5( $>>:7<4 U<7R 7<  $5(;76
$: L($R>L @L>X7'(M $><RL>: >/ < (Z>R5(L;7$ L($R7><D 5( 5745(MR 44L(4R7>< :(X(:
7M R5R >/ R5( M[MR(; 7RM(:/& Y5(< 7R 7M $><M7'(L(' M ><( M7<4:( $>;@><(<RD
Zi 9O CAgX>X $X., FC )FBKFC.C]X C, W)<>].)]`W.

R <[ $><M7'(L(' :(X(:&  $>;@><(<R& Y5(R5(L M7;@:( >L 44L(4R('& $< ( '(6
M$L7(' [ 7RM 4(<(L7$ ;>'(:D 5( M(LX7$(M 7R @L>X7'(M $< ( >L4<7M(' 7<  <U;(L
>/ UM(6;>'(MD R R5( 5745(MR 44L(4R7>< :(X(:& ($5 >/ R5( M[MR(; UM(6;>'(M 7M M6
M>$7R(' Y7R5  47X(< <U;(L >/ >8($R7X(M R> @(L/>L;& <' R5( M[MR(; M(LX7$(M L(
UM(' R> $57(X( R5>M( M[MR(; >8($R7X(MD 5( '(0<7R7>< >/ R5( UM(6;>'(M M(R& <'
/>L ($5 UM(6;>'( R5( MM>$7R(' >8($R7X(M L(MU:R '7L($R:[ /L>; R5( M@($70$R7>< >/
R5( $><M7'(L(' M[MR(;D

6#(" +' '$ /6/1&


`KKFX. ]<] ]<. ]C@ XgX].B >X `X., >C  5FF, >C,`X]Wg $])< KWF,`)]>FC KWF).XX+ e<.W. ]<.
KWF).XX>C: F5 .)< $])< C..,X ]<. ].BK.W]`W. ]F $. )FC]WFAA., ]  :>d.C dA`. ,`W>C: 
:>d.C K.W>F, F5 ]>B.O >f ,>55.W.C] `X.=BF,.X L M )C $. ,>X]>C:`>X<.,*

 i* F FK.W]>FC
 I* >AA>C: ]<. ]C@
 _* WF).XX>C: ]<. $])<
 ^* BK]g>C: ]<. ]C@ d> ]<. CFWBA K>K.
 9* BK]g>C: ]<. ]C@ d> ]<. TAFX] KWF,`)]>FCU K>K.
 7* A.C>C: ]<. ]C@O
<. XXF)>]., `X.=BF,. `]FB]FC >X >AA`X]W]., >C >:O 9OIO

                

          
      

         
      

     
         
                
      
  


      
     

    
  
   

    

      
  

+ +'+ `]FB]FC F5  $])< KWF).XX >AA`X]W]., ]<WF`:< `X.=BF,.X


9O_ .C.W>) )FBKFC.C] BF,.AX ZI

<.W. W. X>f F$?.)]>d.X XXF)>]., e>]< ]<. ,>55.W.C] `X.=BF,.X+ CB.Ag
 $?.)]>d. i* F )]>FC L iM
 $?.)]>d. I* .)< ]<. 5`AA A.d.A X.] KF>C] L IM
 $?.)]>d. _* .:`A]. ]<. ].BK.W]`W. L _M
 $?.)]>d. ^* .)< ]<. .BK]g A.d.A X.] KF>C] L ^ C,  9M
 $?.)]>d. 9* A.C ]<. ]C@ L 7M
 $?.)]>d. 7* W.X.Wd. ]<. .Cd>WFCB.C] L I+ _+ ^+ 9 C, 7MO 

5( <:[M7M >/ /U:R R>:(L<$( M5>U:' <MY(L R5( (MM(<R7: EU(MR7>< Y5(R5(L 
47X(< M[MR(;& 7<  47X(< /U:R M7RUR7><& 7M MR7:: :( R> $57(X( 7RM >8($R7X(D X(L6
:: >8($R7X(M L( MM>$7R(' Y7R5 UM(6;>'(M& <' R5([ L( $57(X(' UM7<4 R5( M(L6
X7$(M >//(L(' R R5( M[MR(; :(X(:D 5UM& R5( <:[M7M >/ /U:R R>:(L<$( 0LMR <(('M R5(
4(<(L7$ ;>'(: R> ( '(L7X(' R R5( M[MR(; :(X(:D 57M $< ( '><( [ '(0<7<4 @L>$(6
'UL(M Y57$5 44L(4R( :>Y6:(X(: 4(<(L7$ ;>'(:M 7<R> 5745(L6:(X(: ><(MD 5( M($><'
MR(@ 7M R> <:[M( R5( M7RUR7>< Y5(< /U:RM @@(L& 7< >L'(L R> $><$:U'( >UR R5(
Y[ M(LX7$(M L( //($R('D
57M $5@R(L @L(M(<RM RY> @@L>$5(M />L R5( <:[M7M >/ /U:R R>:(L<$( UM7<4
L$57R($RUL( ;>'(:M& R5( 0LMR MRU'[7<4 /U:R @L>@4R7>< ;($5<7M;M <' R5( M($><'
<:[M7<4 R5( X7:7:7R[ >/ M(LX7$(M AY57$5 ;(<M R5( @>MM77:7R[ >/ $57(X7<4 R5(
>8($R7X(MB R R5( M[MR(; :(X(:D

+3 &-! (%*(&&1 %($.


(<(L7$ $>;@><(<R ;>'(:M '(M$L7( R5( M[MR(; L$57R($RUL( /L>;  />L;: @>7<R >/
X7(Y& M> M R> @(L/>L; M[MR(;R7$ ;<7@U:R7><M />L R5( @UL@>M( >/ /U:R '74<>M7M
<' /U:R6R>:(L<R6$><RL>: '(M74<D ><RLL[ R> >Z ;>'(:M& Y57$5 $LL[ <> 7</>L;6
R7>< >UR R5( $>;@><(<R (5X7>UL 7< '7//(L(<R >@(LR7<4 M7RUR7><M A<>L;:& /U:R[&
'7//(L(<R ;>'(MB& 4(<(L7$ $>;@><(<R ;>'(:M '(M$L7( $>;@><(<RM& Y57$5 >//(L M(L6
X7$(M $$>L'7<4 R> R5( $ULL(<R UM(6;>'(D 5( UM(L ;[ (  5U;< >@(LR>L AY5>
'7L($R:[ $$(MM(M R5( $>;@><(<R R5L>U45 M>;( ;<6;$57<( 7<R(L/$(B >L <>R5(L
$>;@><(<R& Y57$5 $$(MM(M R5( M(LX7$(M (7R5(L R5L>U45 '7L($R >L L(;>R( $><<($R7><
AM 7< '7MRL7UR(' M[MR(;M 7< Y57$5 M(LX7$(M L( L(EU(MR(' X7  :>$: L( <(RY>L9BD
 4(<(L7$ ;>'(: >/  $>;@><(<R '(M$L7(M 7RM >@(LR7><: ;>'( R5L>U45 R5( M(L6
X7$(M 7R @L>X7'(MD

&6?62 8A*9

L>; R5( UM(L X7(Y@>7<R&  M[MR(; $>;@><(<R @L>X7'(M ><( >L M(X(L: M(LX7$(MD >L
(Z;@:(&  :(X(: M(<M>L @L>X7'(M  M74<: Y57$5 7M  ><(6R>6><( $>LL(M@><'(<$(
R> R5( :(X(: 7< R5( R<9D >Y(X(L& R5( M74<: ;[ ( X:7'R(' >L <>R& 7R ;[ (
0:R(L(' >L <>R& R5( M(<M>L ;745R ;(;>L7M( R5( ;7<7;: AR5( ;Z7;:B :(X(: X:U(
Z_ 9O CAgX>X $X., FC )FBKFC.C]X C, W)<>].)]`W.

(<$>U<R(L(' ><  47X(< R7;( Y7<'>Y& 7R ;745R @L>X7'( < :L; 7/ R5( :(X(: (Z$(('M
 47X(< R5L(M5>:'& (R$D :: R5(M( L( (Z;@:(M >/ M(LX7$(M R5( M(<M>L ;745R @L>X7'(
7< R5( <>L;: >@(LR7<4 ;>'(D R5(L M(LX7$(M $>U:' ( @L>X7'(' 7< R5( 7<MR::R7><&
7<7R7:7MR7><& '(4L'(' >@(LR7><& ;7<R(<<$( ;>'(MD

/3@= 1@=3@= / 381@896  M(LX7$( $< ( '(M$L7(' [ 7<@UR XL7:(M&


>UR@UR XL7:(M& <' M>;( @L>$('UL( Y57$5 RL<M/>L;M R5( />L;(L 7<R> R5( :RR(LD
>L (Z;@:(&  R<9 $><MU;(M 7<@UR <' >UR@UR ;MM 2>YM& <' @L>'U$(M  MR>L('
;MM& UM7<4 < 7<R(4LR7>< @L>$('UL( A<>R( R5R R5( >UR@UR 2>Y 7M 7<'((' < 7<@UR
XL7:( />L R5( 7<R(4LR7>< @L>$('UL(B& R5UM @L>X7'7<4 < (->%8>(/- M(LX7$( Y5>M(
(5X7>UL: ;>'(: 7M

3$P%  J, $P% 4 J6 $P%
Y5(L( J, 7M ;MM 2>Y 7< J6 7M ;MM 2>Y >UR <' 3 7M ;MM 7<$L(M( LR(D 5( ,'
9A8,-> M(LX7$( >/  M(<M>L $><MU;(M (<(L4[ /L>; R5( >URM7'( Y>L:' <' @L>'U$(M
 M74<: Y57$5 7M R5( 7;4( >/ R5( ;(MUL(' XL7:(& [ ;(<M >/ R5( RL<M'U$(LD
5( /->8/++8 M(LX7$( >/  $><RL>::(L $><MU;(M M74<:M /L>; M(<M>LM <' @L>'U$(M
M74<:M R> $RUR>LMD R :M> $><MU;(M 'R AR5( M(R6@>7<RB R5R 5X( ((< @L(X7>UM:[
YL7RR(< 7< R5( 'R M( AUM7<4 R5( D8(> M(LX7$(BD

7@9=9 / /-*/' 1/*=*1/96 (LX7$(M ;[ ( @L>X7'(' U<$><'7R7><::[ >L


>< M@($70$ L(EU(MRD >L (Z;@:(& R5( (->%8>(/- M(LX7$( 7M M[MR(;R7$::[ @L>X7'('
[  R<9 A<> M@($7: L(EU(MR 7M <($(MML[B& R <[ R7;( <' Y5R(X(L R5( X:U(M >/ R5(
7<@UR <' >UR@UR M :><4 M R5( R<9 :(X(: 7M Y7R57< 7RKM LR(' $@$7R[ A<> $R7XR7><
$><'7R7>< 7M <(('('BD  M(<M>L $><<($R(' >< M>;( 7<@UR @>LR >/  ;7$L>@L>$(MM>L
M[MR(; Y>U:' @L>X7'( R5( ,9A8,-> M(LX7$( ><  8 L(EU(MR& Y57$5 Y>U:'
( MM>$7R(' Y7R5 M>;( M@($70$ $:>$9 M74<: AR5( $R7XR7>< $><'7R7><B 7MMU(' R>
R5( <:>4 R> '747R: $><X(LR(LD  <(Y M(R6@>7<R Y>U:' ( (<R(L(' 7< R5( L(4U:R>LKM
;(;>L[ ><  M@($70$ D8(> L(EU(MR /L>; R5( 5U;< >@(LR>L A47< R5( L(EU(MR
Y>U:' ( MM>$7R(' Y7R5 < $R7XR7>< $><'7R7><BD 5( '7MR7<$R7>< (RY((<  L(EU(MR
<' < $R7XR7>< $><'7R7>< 7M R5R R5( L(EU(MR />L  M(LX7$( 7M 7MMU(' [ R5( UM(L&
Y57:( R5( $R7XR7>< $><'7R7>< 7M @L>$(MM(' [ R5( $>;@><(<RD

991@896 5( <>L;: LU<<7<4 >/  M(LX7$( <(('M M>;( 5L'YL( L(M>UL$(MD 5(
R<9 7M >X7>UM:[ <($(MML[ />L R5( (->%8>(/- M(LX7$( R> ( @(L/>L;('D 5( RL<M6
'U$(L& 0:R(L& <:>4 R> '747R: $><X(LR(L& @>Y(L MU@@:[ <' ;@:70(L L( <($(MML[
/>L R5( M(<M>L R> @(L/>L; R5( ,9A8,-> M(LX7$(D 5( ;7$L>@L>$(MM>L M[MR(; 7M
<(('(' [ R5( $><RL>::(L R> @L>X7'( R5( 8%A+>(/- M(LX7$(D
9O_ .C.W>) )FBKFC.C] BF,.AX Z^

U;;L7M7<4 R5( @L($('7<4 '(M$L7@R7>< U<'(L  />L;: ;>'(:&  M(LX7$( 7M  P6


RU@:(%

;$><MU;(' XL7:(M& @L>'U$(' XL7:(M& @L>$('UL(& L(EU(MR& $R7XR7>< $><'76


R7><& L(M>UL$(M2 D

M  $><M(EU(<$(&  $>;@><(<R 7M X7(Y(' M R5( M(R >/ M(LX7$(M 7R $< @L>X7'( R>
R5( UM(LM& R5UM :('7<4 R> R5( $>;@><(<R ;>'(:
$7%  #M, $7%( 4 ) A $7%$ A3D?B
M, $7%  #&A?M, $7%( CKA), $7%( CKA&, $7%( KJMP, $7%( "&P4U+, $7%( K+M, $7%$ ( A3DTB
Y5(L( $7% 7M R5( M(R >/ M(LX7$(M >/ $>;@><(<R 7& A R5( M(R >/ R5( 7<'7$(M >/ R5(
@>MM7:( M(LX7$(M& <' R5( >R5(L <>RR7><M L( MRL745R/>LYL'D

19 1" 138=*1/6 X7>UM:[& <>R :: R5( M(LX7$(M @L>X7'(' [  $>;@><(<R $<
( L(EU(MR(' R <[ R7;( 'UL7<4 R5( M[MR(;KM :7/(D  M[MR(; 4(<(L::[ 4>(M R5L>U45
'7//(L(<R >@(LR7<4 ;>'(M& ($5 Y7R5 7RM M(R >/ @L(L(EU7M7R(M R> /U<$R7><D >L (Z;6
@:(&  L(EU(MR />L R5( :(X(: $><RL>: M(LX7$( /L>; R5( $><RL>::(L >/ R5( M7<4:(6R<9
M[MR(; 7M '(<7('% Y5(< R5( M(R6@>7<R 5M <>R ((< YL7RR(< AR57M $::M />L M>;( 7<76
R7:7MR7>< ;>'(BN Y5(< R5( R<9 7M (;@R[ A'UL7<4  <>6>@(LR7>< ;>'(BN Y5(< 7R 7M
(;@R[7<4 'UL7<4  $:(<7<4 ;>'(D
>L R5R L(M><& '(0<7R7>< A3D?B 7M /ULR5(L (ZR(<'('& [ ''7<4 M>;( >L4<7M7<4
MRLU$RUL( >< R5( M(R >/ M(LX7$(MD >L;: >@(LR7<4 ;>'(M L( $::(' TM+ 4 =A)+MD
5([ @L>X7'( R5( />L;: ;>'(: >/ R5( MRLU$RUL( >/ R5( M(R >/ M(LX7$(MD

#/*=*1/ &62 49).1 4 55


 A9',/ (9  9A9> / 98C(9 /  /,2/-->5 & 9> / A9',/9 /C89 >&
9> / 98C(9 (55 & 98C( +/-%9 > +9> >/ /- A9',/ - & A9',/
/->(-9 > +9> /- 98C(5

(R  $7%  #=, $7%( 4 ) 2 $7%$ ( R5( M(R >/ UM(6;>'(M >/ $>;@><(<R 7 <'
, $7% < $7% ( R5( M(LX7$(M X7::( 7< ;>'( =, $7%E >R( R5R R5( />L;: '(06
<7R7>< >/  UM(6;>'( '>(M <>R R(:: Y57$5 MUM(RM >/ M(LX7$(M 5X( R> ( M(:($R(' R>
/>L; $><M7MR(<R UM(6;>'(MD 57M ;RR(L 7M :(/R R> R5( '(M74< (<47<((L& Y5> 7<'(('
;UMR 4L>U@ 7<R> UM(6;>'(M MUM(RM >/ M(LX7$(M Y57$5 L( $><M7MR(<R 7< M>;( 47X(<
>@(LR7>< /L;(D < R5( M7<4:(6R<9 M[MR(;& R5( M7Z @>MM7:( UM(6;>'(M L( (++(-%
>& >-* 8/99(-% >& / /28>(/- (R$D

&6?6? /=81@=*1/ 1" =( '/8* 1.31//= .1-

5( $><M(EU(<$( >/ R5( UM(6;>'( '(0<7R7>< 7M R5R R5( $>;@><(<R ;>'(: ;UMR <>Y
7<$:U'(  A5745(LB :(X(: '(M$L7@R7><& Y57$5 ;>'(:M R5( $>;@><(<R @>MM7:( RL<6
M7R7><M /L>; ><( UM(6;>'( R> <>R5(L ><(& <' R5( $><'7R7><M U<'(L Y57$5 R5(M(
Z9 9O CAgX>X $X., FC )FBKFC.C]X C, W)<>].)]`W.

RL<M7R7><M R9( @:$(D <'(('& R <[ R7;( P( R5( $>;@><(<R 7M 7< ><( <' ><:[ ><(
UM(6;>'(&  '7M$L(R(6(X(<R M[MR(; (5X7>UL Y57$5 7M (M7:[ ;>'(::(' UM7<4  '(6
R(L;7<7MR7$ UR>;R>< AM(( ($R7>< SD3D />L < (ZR(<M7X( @L(M(<RR7>< >/ '7M$L(R(6
(X(<R ;>'(:MBD >R( :M> R5R 7< >L'(L R> >R7< RL<M7R7><M (RY((< UM(6;>'(M& 7R
7M <($(MML[ R> '' <(Y M(LX7$(M R> $7%D < R5( $><RL>::(L (Z;@:(& R5L(( @>MM7:(
UM(6;>'(M <' R5( $>LL(M@><'7<4 :7MR >/ M(LX7$(M $>U:' ( R5( />::>Y7<4%
 A 4 AC+K"P4A?  =  #M+PW=A)+W=. ( M+PW=A)+W=, $
?4P4"94M+  =.  #+?P+KWM+P 4 CA4?P( )4MC9"YWM+P 4 CA4?P(
M+PW=A)+W= ( M+PW=A)+W=, $
? 4 &A?PKA9  =,  #K+")WM+P 4 CA4?P( &"9&T9"P+W&A?PKA9WM40?"9(
M+PW=A)+W= $E
97<4 7<R> $$>U<R R5( M(LX7$(M <' R5(7L >L4<7MR7>< 7<R> UM(6;>'(M& R5( 4(<(L7$
;>'(: >/  $>;@><(<R 7M <>Y '(0<('D

#/*=*1/ &6? 4/8* 1.31//= .1-5


 9F9>, /,2/--> (9 !- F >& /++/D(-% /8,+ ,/+ 
; /,2/--> * 2  ; 9>> >8-9(>(/- %82& $ $7%( Q $7%( =2 $7%% 2
;  $7% 2  ; 9> / A9',/9 #=, $7%( 4 ) 2 $7%$ 2
; Q $7% 2  ; 9> / >8-9(>(/-9 #Q,- $7%( 4( 6 ) 2 $7%$ 2
; =2 $7% 2  ; (-(>(+ A9',/ 2
; A9',/ =, $7% 2  ; 9> / 98C(9 , $7% < $7% 2
; 98C( M/ $7% 2  ; 28'/88
 C89(/-9
M-/ $7%( 6 ) $M/ $7%% 2
; C89(/- M-/ $7%
2  ; /-9A, C89 &A?M-/ $7%(
28/A C89 CKA)/ $7%(
28/A89 CKA&-/ $7%( 86A9> KJMP/ $7%(
>(C>(/- /-5 "&P4U/- $7%(
&8D8 - 9/ >D8 89/A89 K+M-/ $7% 2
; >8-9(>(/- Q,- $7% 2  ; /-(>(/- &,- $7%( /8(%(- =, $7%(
9>(->(/- =- $7% 2 E
57M '(0<7R7>< Y7:: ( (ZR(<'(' :R(LD

&6?6> *.3- 1.31//=9


 M7;@:( $>;@><(<R 7M '(M$L7(' [ R5( M(LX7$(M >//(L(' <' 7RM UM(6;>'( UR>;6
R><D  $>;@><(<R 7M $><M7'(L(' M7;@:( Y5(< 7R 5M <> 7<R(L<: ;(<M R> $5<4(

<. CF]>FC F5 d.WX>FCX <d. $..C >C]WF,`)., >C .)]>FC ^O_ C, e>AA $. .A$FW]., >C BFW.
,.]>A >C .)]>FC 9O_O9O
9O_ .C.W>) )FBKFC.C] BF,.AX Z7

R5( M(LX7$(M 7R @L>X7'(MD 7;@:( $>;@><(<RM L( R[@7$::[ Y7R5>UR U7:'67< $>;@U6
RR7><: ;(<MD Y> (Z;@:(M >/ < $RUR>L <'  M(<M>L L( RL(R(' (:>YD

=@=18 "18 %1B 1/=81-6 :>Y $><RL>: 7M R5( ;>MR Y7'(M@L(' $RUR>L /U<$R7><
7< ;$57<(L[ M[MR(;MD R 7M UM(' Y5(L(  M5UR6>// >/  @7@( $><<($R7>< 7M <(('('&
Y5(L( R5( 2>Y >/  ;('7U; 7M R> ( $><RL>::('& <' Y5(L( $><RL>: :>>@M ;<7@U:R(
 2>Y >/  :7EU7' 7< >L'(L R> $5<4(  R(;@(LRUL(D :>Y $><RL>: $< ( >@(<Q$:>M('&
XL7:( R5L>U45@UR& >L L('7L($R7>< >/ 2>Y /L>; ><( @7@( 7<R> RY> AS6Y[ X:X(MBD
5( $RUR>L M[MR(; $><M7MRM >/  R5L((6Y[ X:X(D R 5M  $>;;>< @>LR <'
RY> >R5(L @>LRM& L(/(LL(' R> M  <' D 5( L>R>L @>M7R7>< '(R(L;7<(M R5( >@(<7<4
L( (RY((< R5( $>;;>< @>LR <' @>LRM  <' D 5( X:X( '7MRL7UR(M R5( 2>Y
(RY((< @>LRM  <' D 5( '7MRL7UR7>< 7M $><RL>::(' [ R5( L>R>L <4:(D < (:($RL>6
;($5<7$: '(X7$( 7M RR$5(' R> R5( X:X( R> $><RL>: R5( L>R>L @>M7R7><D
5( (:($RL>6;($5<7$: X:X( $RUR>L $><M7MRM >/  ;>R>L <'  4(LD 5( L>R>L
@>M7R7>< 7M $5<4(' [ LU<<7<4 R5( ;>R>L 7< $:>$9Y7M( >L $>U<R(L6$:>$9Y7M( '7L($6
R7><MD 5( ;>R>L $< ( 7< ><( >/ R5( />::>Y7<4 MRR(M% MR>@@('& L>RR7>< $:>$9Y7M(&
>L L>RR7>< $>U<R(L6$:>$9Y7M(D
5( MRR( 7M $><RL>::(' [ $R7XR7>< >/ RY> L(:[ $><R$RMD 5([ L( '(<>R('
H>@(<I <' H$:>M(I& L(M@($R7X(:[D  @>R(<R7>;(R(L 7M UM(' R> ;(MUL( R5( $RU:
L>R>L @>M7R7><D 74UL( 3DT M5>YM R5( @L7<$7@:( 7< R5( $RUR>L >@(LR7>< <' (:($RL7$:
$><<($R7><MD

      

          



   
     

   
   

  

+ +2+ K.W]>FC F5 ^=eg dAd. )]`]FW e>]< W.Ag FK.W].,


>C,`)]>FC BF]FWO $$W.d>]>FCX* F*FK.C+ )*)AFX.+ X*X]FK+ * >B>]
Xe>])<+ *FWQ`. Xe>])<

7;7R MY7R$5(M >< R5( L>R>L @L>X7'( 7<'7$R7>< >/ L>R>L (<' @>M7R7><M R> @(L;7R '(6
EUR( $><RL>::(L '(M74< <' /U:R '(R($R7><D >LEU( MY7R$5(M L( ;>U<R(' R> @L>X7'(
>X(L:>' @L>R($R7><D
Z[ 9O CAgX>X $X., FC )FBKFC.C]X C, W)<>].)]`W.

5( M(LX7$( @L>X7'(' [ R5( 2>Y $><RL>: X:X( 7M '(M$L7(' [ R5( M7Z6RU@:(%
; &A?MT=+) U"K4"$9+M 2  ; AC+?( &9AM+( ="?T"9( 4?W94=4P 2(
; CKA)T&+) U"K4"$9+M 2  ; "?09+ A/ ATPCTP M3"/ P( =+"MTK+) "?09+(
4?W94=4P 2(
 
; CKA&+)TK+ 2  ; "?09+  TC 8 )P 4 )AV? 8 )P 2(
; K+JT+MP 2  ; ?A?+ 2(
; "&P4U"P4A? &A?)4P4A? 2  ; 114  CK+M+?P 2(
; K+MATK&+M 2  ; CAPE =+P+K( 94=4PMV4P&3+M( &A?PKA99+K(
0+"K+) =APAK 2 E
5( @L>'U$(' XL7:( 7M R5( <4:( >/ >UR@UR M5/R& Y57$5 7<2U(<$(M R5( 2>YD
L7>UM /U:RM $< $UM( R5( 2>Y R> '7//(L /L>; R5( (Z@($R(' >L '(M7L(' X:U(D 5(
R:( MU;;L7M(M XL7>UM /U:RM R5R $< $UM( MU$5  '(X7R7><D

>;@><(<RQ :>Y R>> :>Y :>Y <>R L(:6 :U$RUR7<4 :>Y R>>
//($R R(' R> $><RL>: 2>Y 5745 >UR@UR
<4:(
7@( L>9(<& 7@( $:>44('& (R@>7<R 2U$6 >> 5745 7<6
M(R@>7<R :>Y& @7@( :(9 RUR7<4 @UR 2>Y& M(R6
@>Y(L :>Y @>7<R 5745
U:R 7@( $:>44(' 7@(  >L 
L>9(<&
$:>44(' >L
:(9
;4(& Y(L [MR(L(M7M ;4(& Y(L

1=/=*1.=86  @>R(<R7>;(R(L $5<4(M R5( @>M7R7>< >/ $><R$R (RY((<  L(M7M6


R<$( (:(;(<R <'  Y7@(L Y5(< R5( RUL<7<4 <4:( 7M $5<4('D 5( @>R(<R7>;(R(L
$< ( $><M7'(L('  X>:R4( '7X7'(L Y7R5  '7X7M7>< LR7> R5R 7M  /U<$R7>< >/ R5(
RUL<7<4 <4:(D 74UL( 3DS M5>YM R5( R[@7$: $><<($R7>< '74L;D
9O_ .C.W>) )FBKFC.C] BF,.AX ZZ

 

  


  
 


 


         
 
+ +1+ A.)]W>)A ,>:WB F5 KF].C]>FB.].W C, )FBK`].W >C].W5).
]F .C$A. 5`A] ,.].)]>FC ] ]<. X>C:A. X.CXFW A.d.A

>;@><(<RQ 74<: R>> >R L(:R(' R> :U$RUR7<4 74<: R>>


//($R :>Y <4:( M74<: 5745
L>9(< Y7L( >MM >/ MU@@:[ 7LR7>< L>9(< Y7L(
R & M5>LR R & M5>LR6
R 6 $7L$U7R 6
U:R 5>LR 6 L>9(< Y7L( :>>M( $><($6
R  R7><
RU$9& M5/R 7@(L /U:R
>L (:(;(<R
L>9(<

5( M(LX7$( @L>X7'(' [ R5( @>R(<R7>;(R(L M  M(<M>L 7M < (:($RL7$: M74<: @L>@>L6
R7><: R> R5( @5[M7$: <4:( >/ L>RR7><D (X(L: /U:RM Y7:: $UM( :>MM >/ R57M M(LX7$(D
5>LR6$7L$U7R >/ <[ R(L;7<: R> MU@@:[ >L R> 4L>U<'& >L L7RLL[ Y7L( '7M$><<($R7><
L( $>;;>< (X(<RM R> $UM( $>;@><(<R /U:RMD

&6?6& 1.3-C 1.31//=9


L>;  />L;: @>7<R >/ X7(Y&  $>;@><(<R 7M  M(R >/ M(LX7$(MD 5( $><M7'(LR7>< >/
44L(4R('& $>;@:(Z $>;@><(<RM :('M R> (ZR(<' R57M '(M$L7@R7>< R> R5( $><M7'(L6
R7>< >/ /U:R R>:(L<$( $@7:7R7(MD

89*1/9 1" 98A*96 (R M, $7% (  M(LX7$( @L>X7'(' [ $>;@><(<R 7& <' MU@6
@>M( R5R (;(''(' /U:R R>:(L<$( 7M X7::(D 57M ;(<M R5R R5( M(LX7$( M , $7%
Z2 9O CAgX>X $X., FC )FBKFC.C]X C, W)<>].)]`W.

Y>U:' <>R ( 7<R(LLU@R(' (X(< 7/ R5( L(M>UL$(M 7R <(('M Y(L( <> :><4(L X7::(D
57M 7M ><:[
 @>MM7:( 7/ 7R (Z7MRM Y7R57< $>;@><(<R 7 U<'(L M(X(L: X(LM7><M& <;(:[
M, $7%  M-, $7%( 6 ) $M, $7%% Y5(L( M-, $7% 7M R5( 6 D+ X(LM7>< >/ M(LX7$( M, $7%D
L>; R57M (ZR(<M7><& '(0<7R7>< A3D?B $< <>Y ( MRR(' M%
$7%  #M, $7%( 4 ) A $7%$

M, $7%  M-, $7%( 6 ) $M, $7%%

Y5(L( ($5 X(LM7>< M-, $7% >/ M(LX7$( M, $7% 7M  P6RU@:( :79( A3DTB& Y57$5 $< ( UM('
7<'7//(L(<R:[ />L R5( M;( @UL@>M(D

89*1/9 38)188*/'6 (M74<7<4 R5( $R7XR7>< $><'7R7><M >/ M(LX7$( X(LM7><M


L(MRM >< R5( '(0<7R7>< >/  @L(6>L'(L7<4D 5( X(LM7><M >/  M(LX7$( L( M(@LR(' 7<R>
$:MM(M MU$5 R5R  M(LX7$( 7< $:MM 9 7M @L(/(LL(' R>  M(LX7$( 7< $:MM = 7/ <' ><:[ 7/
9 ; =D >L (Z;@:(& M>;( X(LM7><M ;745R ( ;>L( @L($7M(& /MR(L& :(MM $><MU;7<4&
(R$D R5< >R5(LMD
5( '(M74< >/ R5( $R7XR7>< $><'7R7><M 7M R5(< MRL745R/>LYL'% R R7;( P Y5(<
R5( L(EU(MR />L M(LX7$( M, $7% 7M 7MMU(' A>L R <[ R7;( 7/ <> L(EU(MR 7M <($(MML[B&
R5( X(LM7>< Y57$5 7M R> ( LU< 7M R5( :>Y(MR L<9 ><( Y5>M( L(M>UL$(M L( :: <><6
/U:R[D Y> M(LX7$(M 7< R5( M;( $:MM L( <>R L<9('& Y57$5 ;(<M R5R R5( $5>7$( 7M
7<'7//(L(<RD 5UM R5( $R7XR7>< $><'7R7><M >/ ($5 X(LM7>< $< ( $5>M(< L7RLL7:[&
@L>X7'(' R5([ L( ;URU::[ (Z$:UM7X(D Y> (Z;@:(M >/ $>;;><:[ UM(' MRLR(47(M
L( M />::>YM%
?D 7X( < L7RLL[ @L(/(L(<$( >L'(LD M( X(LM7>< ? M :><4 M 7RM L(M>UL$(M L( <>R
/U:R[D >X( R> X(LM7>< T M5>U:' X(LM7>< ? /7:D
TD M( R5( @L($('7<4 M$5(;( UR L(4U:L:[ $5<4( R5( M(LX7$( L<97<4 A(D4D 7< 
$7L$U:L Y M> M R> '7MRL7UR( R5( >@(LR7>< (EU::[ >X(L R7;( >/ R5( '7//(L(<R
X(LM7><MD
 M7;@:( (Z;@:( >/ X(LM7><M L<97<4 7M 47X(< [ R5( ,9A8,-> M(LX7$( >/ 
M(<M>L Y57$5 7<$:U'(M RY> L('U<'<R RL<M'U$(LM R> ;(MUL( R5( M;( XL7:(D (R
Y $P%  W$P% ' , $P%( ,$P% >  $4( N %
Y. $P%  W$P% ' ,. $P%( ,$P% >  $4( N. %
( R5( RY> ;(MUL(;(<R (EUR7><M& Y7R5 N. 2 N D 5( />::>Y7<4 R:( 47X(M R5( '7/6
/(L(<R X(LM7><M >/ R5( ,9A8,-> M(LX7$( Y57$5 L( @L>X7'(' [ R57M A7<R(::74(<RB
M(<M>L& :><4 Y7R5 R5(7L L<97<4D

:MM L>$('UL( U:R M7RUR7><


4 Y$P%  B $B
N. Y $P% ' N Y. $P% > /U:R
" Y$P%  Y $P% L<M'U$(L T /U:R[
1 Y$P%  Y. $P% L<M'U$(L ? /U:R[
9O_ .C.W>) )FBKFC.C] BF,.AX ZD

6#(" +2 (&)(''1 '%6/#/ ( /!#) 1.$ ('1.(%


F >AA`X]W]. ]<. )FBKFC.C] CAgX>X >] e>AA $. KKA>., ]F ]<. X<>K X]..W>C: .fBKA. >C]WF,`).,
>C .)]>FC _O_O <. X`$)FBKFC.C]X F5 ]<. X<>K X]..W>C: )FC]WFAA.W W.*

 ]. X.CXFW LW]. :gWFM


 .,>C: X.CXFW XX.B$Ag L:gWF )FBKXXM
 W)@ .WWFW X.CXFW Ld>:]>FC )FBK`].W e>]<  >CK`]M
 K.., X.CXFW LX<>KVX AF:M
 W)@ )FC]WFA A:FW>]<B LXF5]eW.M
 .,>C: )FC]WFA A:FW>]<B LXF5]eW.MO

  


  


 

  
      
   

      
       
      
 



  

     

  

 
    

+ ++ `A] KWFK:]>FC >C ]<. X<>K X]..W>C: KWF$A.B

( -0,$ &$0,&"",+ <. X<>K X]..W>C: )FC]WFAA.W <X ]<. 5FAAFe>C: `X.=BF,.X*

 i* F FK.W]>FC
 I* C, X]..W>C:
 _* .,>C: )FC]WFA BF,.
 ^* W)@>C: )FC]WFA BF,.O
FW .)< `X.=BF,.  X.] F5 X.Wd>).X W. F55.W., ]F ]<. `X.W LK.WXFC FW F]<.W X`$XgX].BM

I 0! 4 7 I*LcLG!%4' I*Lc1*!(2;. 0
I ! 4 7 I*LcLG!%4' I*Lc1*!(2;. 0
I -! 4 7 I*LcLG!%4' I*Lc1*!(2;.' 4**?c1*!(2;. 0
I +! 4 7 I*LcLG!%4' 4**?cLG!%4 0O
<. .5E)+1( X.Wd>). )A)`A].X ]<. C.).XXWg W`,,.W )]>FC >C FW,.W ]F B>C]>C ]<.
<.,>C: F5 ]<. X<>K $X., FC ]<. B.X`W., W]. C, <.,>C:O <. X.Wd>). )C $. ,.6C., X*
2i 9O CAgX>X $X., FC )FBKFC.C]X C, W)<>].)]`W.

4**?c1*!(2;.  7 E' E ' >' 0'


7 ) 0'
7 1*!(2;. %=;LG=55*G 0'
7 E (*- 2;*( 0'
7 ;=;* 0'
7 TG=' G!L* I*;I=G 0 A
<. .5E@;. X.Wd>). )A)`A].X ]<. C.).XXWg <.,>C: >C FW,.W ]F B>C]>C ]<. ]W)@ F5 ]<.
X<>K $X., FC ]<. B.X`W., W].+ <.,>C: C, KFX>]>FCO <. X.Wd>). )C $. ,.6C., X*
4**?cLG!%4  7 LG!%4c*GG=G *' LG!%4' I12? I?**( Q 0'
7 E 0'
7 LG!%4 %=;LG=55*G 0'
7 LG!%4' G*- *G*;%* (*- 2;*( 0'
7 ;=;* 0'
7 TG=' G!L* I*;I=G' I?**( I*;I=G 0 A
<. <@E@;. X.Wd>). KWFBK]X ]<. `X.W ]F >CK`] egKF>C]X 5FW ]<. ,.X>W., ]W)@*
I*LcLG!%4  7 R!T?=2;LI 0'
7 LG!%4 0'
7 LG!%4 ?5!;;*G 0'
7 PI*G 2;?PL 0'
7 ;=;* 0'
7 *5*%LG=;2% I*!9!? 0 A
<. <@E)+1( X.Wd>). KWFBK]X ]<. `X.W ]F X.]  ,.X>W., <.,>C:*
I*Lc1*!(2;.  7 E#) 0'
7 E 0'
7 E  E#) 0'
7 PI*G 2;?PL 0'
7 ;=;* 0'
7 ;=;* 0 A
C ]<. $Fd. X.Wd>). ,.6C>]>FCX XFB. W.XF`W).X W. CF] )FCX>,.W.,+ 5FW .fBKA. .A.)]W>)A
KFe.WO 

&6?6$ @*-*/' 9D9=.9 "81. 1.31//=9

[MR(;M L( U7:R /L>; R5( 7<R(L$><<($R7>< >/ '7//(L(<R $>;@><(<RMD >;@><(<RM L(
7<R(L$><<($R(' ($UM( R5( M(LX7$(M '(:7X(L(' [ M>;( >/ R5(; $><MU;( XL7:(M
Y57$5 L( @L>'U$(' [ M(LX7$(M >/ >R5(LMD 5( ,9A8,-> M(LX7$( >/  M(<M>L&
/>L (Z;@:(& $><MU;(M XL7:(M @L>'U$(' [ R5( (<X7L><;(<R >/ R5( M[MR(;& <'
@L>'U$(M XL7:(M Y57$5 L( $><MU;(' [ R5( 8%A+>(/- M(LX7$( >/ R5( L(4U:R>L&
Y57$5 7< RUL< @L>'U$(M XL7:(M Y57$5 L( $><MU;(' [ R5( 2/D8 ,/A+>(/-
M(LX7$( >/ R5( $RUR>LD
9O_ .C.W>) )FBKFC.C] BF,.AX 2I

< R5( 4(<(L7$ ;>'(: @@L>$5& 7<R(L$><<($R7><M L( R9(< 7<R> $$>U<R [ $><M7'6
(L7<4 5745(L :(X(: $>;@><(<RM Y57$5 L( $>;@>M(' >/ :>Y(L :(X(: ><(MD 5(L(/>L(&
M[MR(;M L( U7:R />::>Y7<4  >RR>;6U@ @@L>$5D
<'(('& M[MR(; L$57R($RUL(M $< ( '(M$L7(' R '7//(L(<R 57(LL$57$: :(X(:MD (<6
M>LM& $RUR>LM& @L>$(MM $>;@><(<RM L( R R5( 0(:'6:(X(:D 745(L :(X(: $>;@><(<RM
$< ( U7:R /L>; R5( 44L(4R7>< >/ :>Y(L :(X(: ><(M R <[ 57(LL$57$: :(X(:D >L
(Z;@:(& R5( 44L(4R7>< >/  R<9& < 7<@UR X:X(& < >UR@UR @7@(&  :(X(: M(<M>L <'
 L(4U:R>L AY7R5 $><M7MR(<R $><<(Z7><M (RY((< R5(;B 7M  5745 :(X(: $>;@><(<R&
R5( HM7<4:(6R<9 M[MR(;ID 5R(X(L R5( $>;@><(<R :(X(:& 7RM 4(<(L7$ ;>'(: $< (
U7:R '(0<7<4 7RM UM(6;>'( UR>;R><& <' R5( M(LX7$(M Y57$5 L( X7::( 7< ($5
UM(6;>'(D 44L(4R7>< @L>$('UL(M 5X( R> ( '(0<(' 7< >L'(L R> U7:' R5( 4(<(L7$
;>'(: >/ 5745 :(X(: $>;@><(<RM /L>; R5( 4(<(L7$ ;>'(:M >/ R5( :>Y :(X(: $>;@>6
<(<RM R5([ L( $>;@>M(' >/D 745 :(X(: M(LX7$(M ::>Y R> /U:0: R5( M[MR(; ;7MM7><&
<' R5( <:[M7M >/ R5( >X(L:: M[MR(; /U:R R>:(L<$( $< ( M(' >< R5( M(L$5 >/
R5( (Z7MR(<$( >/ '7//(L(<R X(LM7><M >/ 5745 :(X(: M(LX7$(MD

''8'=*1/ 1" 138=*1/ .196 5( 4(<(L7$ ;>'(: >/  $>;@><(<R 7M 0LMR
47X(< [ 7RM UM(6;>'( UR>;R><D < ($5 UM(6;>'(& R5( $>;@><(<R 7M :( R>
@(L/>L;  M(R >/ M(LX7$(M A($5 >/ R5(; U<'(L  XL7(R[ >/ X(LM7><MB 7< >L'(L R>
$57(X( M>;( @L(6M@($70(' >8($R7X(D ($:: R5R R5( UM(6;>'( UR>;R>< Y57$5
'(M$L7(M  $>;@><(<R 7M  4L@5 $( Q( =2 %D (R $ $7%( Q $7%( =2 $7%% <'
$ $9%( Q $9%( =2 $9%% ( R5( '(R(L;7<7MR7$ UR>;R MM>$7R(' Y7R5 RY> $>;@>6
<(<RM 7 <' 9& <' :(R 79 (  5745(L :(X(: $>;@><(<R& Y57$5 44L(4R(M R5(M(
RY> ><(MD 5( UR>;R>< $ $79%( Q $79%( =2 $79%% MM>$7R(' Y7R5 R5( $>;@>6
<(<R 79 7M >X7>UM:[ $><R7<(' 7< R5( M[<$5L><(>UM @L>'U$R >/ R5( RY> UR>;R
$ $7%( Q $7%( =2 $7%% <' $ $9%( Q $9%( =2 $9%%%
%  $79% <  $7% 5  $9%
% Q $79% < Q $7% @ Q $9% '
% =2 $79%  =2 $7%( =2 $9%
(R $#( %%  > )  $7% 5  $9%D 57M ;(<M R5R R5( ;>'( > >/ R5( 5745 :(X(:
'(X7$( 79 7M '(0<(' M $>;@><(<R 7 (7<4 7< ;>'( # <' $>;@><(<R 9 (7<4 7< ;>'(
%D 7<$( <>R (X(L[ MU$5 MM>$7R7>< 7M ;(<7<4/U::& R5( M(R >/ ;>'(M  $79% 5M R>
( M(:($R(' [ R5( '(M74<(L& [ (:7;7<R7<4 /L>;  $7% 5  $9% R5( <><6M74<70$<R
>L <><6::>Y(' MM>$7R7><MD
6#(" +1 &).12. ('1.(%%.
FCX>,.W  ].BK.W]`W. )FC]WFAA.W X  <>:<=A.d.A )FBKFC.C]+ F$]>C., $g ]<. ::W.:]>FC F5
]<W.. AFe=A.d.A FC.X+ CB.Ag  ].BK.W]`W. X.CXFW+   W.:`A]FW+ C,  <.]>C: dAd.O <.
`X.=BF,.X F5 ]<. AFe=A.d.A )FBKFC.C]X W. X 5FAAFeX*
.CXFW* %( %#.1#(' 21(&1#&
.:`A]FW* %( (' &
Ad.*%( &'2% 21(&1#&+
e<.W. ]<. )A>$W]>FC BF,. F5 ]<. X.CXFW C, ]<. BC`A BF,. F5 ]<. dAd. W. `X., 5FW
B>C].CC). FK.W]>FCXO <.C+ ]<. XgC)<WFC.F`X KWF,`)] F5 ]<. ]<W.. `X.=BF,. `]FB]
2_ 9O CAgX>X $X., FC )FBKFC.C]X C, W)<>].)]`W.

:>d.X I2 )FBKF`C, BF,.XO Cg )FB$>C]>FCX W. >C)FCX>X].C]+ .O:O L( (' &'2%M FW
L%#.1#(' (' 21(&1#M+ A.d>C: FCAg ]<W.. )FCX>X].C] BF,.X ]F ,.X)W>$. ]<. T].BK.W=
]`W. )FC]WFAA.WU ,.d>).O <. ]<W.. `X.=BF,.X F5 ]<. <>:< A.d.A )FBKFC.C] W. ]<.W.5FW. %(
&#'1'' 21(&1#&+ C, ]<.g W. ,.6C., X 5FAAFeX 5WFB ]<. `X.=BF,.X F5 ]<. AFe=A.d.A
)FBKFC.C]X*
(  *( ( (+
&#'1''  *%#.1#(' ( (+ * *%#.1#(' ( &'2%+
**( ( &'2%+
21(&1#  *21(&1# (' 21(&1#+A 

''8'=*1/ 1" 98A*96 (R $7% <' $9% ( R5( M(LX7$(M >//(L(' [ RY> :>Y6
:(X(: $>;@><(<RM 7 <' 9& <' :(R UM $><M7'(L R5( 5745 :(X(: $>;@><(<R 79 Y57$5 7M
R5(7L 44L(4R7><D (R $#( %%  > )  $79% (  $><M7MR(<R UM(6;>'(& R5(< <[ $>;6
7<R7>< >/ R5( M(LX7$(M  $7% AX7::( Y5(< $>;@><(<R 7 7M 7< ;>'( #B <'  $9%
AX7::( Y5(< $>;@><(<R 9 7M 7< ;>'( %B $< ( UM('D < >R5(L Y>L'M& <[ 28/%8,
UM7<4 R5( M(LX7$(M >/  $7% <'  $7% M (-9>8A>(/-9 $< (  M(LX7$( X7::( 7<
R5( ;>'( >D 47<& (X(L[ $>;7<R7>< 7M <>R $><M7MR(<R& <' ><:[ @L>4L;M Y7R5
/U<$R7><: 7<R(L@L(RR7><M 7< R5( @@:7$R7>< /L;(Y>L9 L( R> ( $><M7'(L('D

6#(" +1 )&$0+* &).12. ('1.(%%.


<. 5FAAFe>C: KWF:WB ,.6C.X  <>:<=A.d.A X.Wd>).+ d>A$A. >C ]<. `]FB]>) BF,. F5 ]<.
T].BK.W]`W. )FC]WFAA.WU )FBKFC.C]*
.:`A]>FC X.Wd>).*
.K.]+
.Q`.X] ]<. B.X`W.B.C] X.Wd>). F5 ]<. X.CXFW+
.Q`.X] ]<. )A)`A]>FC X.Wd>). F5 ]<. W.:`A]FW+
.Q`.X] ]<. )]`]>FC X.Wd>). F5 ]<. dAd.+
C]>A .C, F5 ]<. W.:`A]>FC X.Wd>).O
F]. ]<] >5 ]<. B.X`W.B.C] X.Wd>). F5 ]<. X.CXFW >X d>A$A. `C,.W ]<W.. d.WX>FCX+ ]<. )A=
)`A]>FC X.Wd>). `C,.W ]eF d.WX>FCX+ C, ]<. )]`]>FC X.Wd>). `C,.W ]eF d.WX>FCX+ ]<.C ]<.
W.:`A]>FC X.Wd>). >X d>A$A. `C,.W ]e.Ad. d.WX>FCXO 

*88(*- -A-96 [MR(; L$57R($RUL(M $< ( '(M$L7(' R '7//(L(<R 57(LL$57$:


:(X(:MD (<M>LM& $RUR>LM& @L>$(MM $>;@><(<RM L( R R5( 0(:'6:(X(: AR5([ (Z$5<4(
'R R 0(:'6UM :(X(:BD 745(L :(X(: $>;@><(<RM $< ( U7:R /L>; R5( 44L(46
R7>< >/ :>Y(L :(X(: ><(M R <[ 57(LL$57$: :(X(:D >L (Z;@:(& R5( 44L(4R7>< >/
 R<9& < 7<@UR X:X(& < >UR@UR @7@(&  :(X(: M(<M>L <'  $><RL>::(L AY7R5 $><6
M7MR(<R $><<($R7><M (RY((< R5(;B 7M  57456:(X(: $>;@><(<R Y57$5 $< ( <;('
R5( M7<4:(6R<9 MUM[MR(;D 5R(X(L R5( $>;@><(<R :(X(:& 7RM 4(<(L7$ ;>'(: $< (
U7:R '(0<7<4 7RM UM(6;>'( UR>;R><& <' R5( M(LX7$(M Y57$5 L( X7::( 7< ($5
UM(6;>'(D 44L(4R7>< @L>$('UL(M 5X( R> ( '(0<(' 7< >L'(L R> U7:' R5( 4(<(L7$
;>'(: >/ 5745(L6:(X(: $>;@><(<RM /L>; R5( 4(<(L7$ ;>'(:M >/ :>Y(L :(X(: $>;@>6
<(<RMD 7456:(X(: M(LX7$(M (<:( /U:0:;(<R >/ R5( M[MR(; ;7MM7><& <' R5( <:[M7M
9O^ `A]X >C )FBKFC.C]X C, ]<.>W )FCX.Q`.C).X 2^

   
 

           

   

                 


   

                 

+ ++ ::W.:]>FC F5 AFe=A.d.A )FBKFC.C]X >C]F <>:<=A.d.A FC.X

>/ R5( >X(L:: M[MR(; /U:R R>:(L<$( $< ( M(' >< R5( M(L$5 >/ R5( (Z7MR(<$( >/
'7//(L(<R X(LM7><M >/ 57456:(X(: M(LX7$(MD

+2 4$1. !& (%*(&&1. & 1!- (&.,4&.

X7<4 '(0<(' X7:7:7R[ >/ M(LX7$(M <' R5( 9([ $><$(@R 7< R5( 4(<(L7$ '(M$L7@R7><
>/ $>;@><(<RM& R>>:M L( <(('(' R> <:[M( Y57$5 $><'7R7><M $>U:' $UM(  $(LR7<
X(LM7>< >/  M(LX7$( R> ($>;( U<X7::(D U:RM >L @LR7: /7:UL( 7< $>;@><(<RM
Y>U:' $:(L:[ ( $<'7'R(M />L  M(LX7$( R> ($>;( U<X7::(D 57M M($R7>< 7<RL>6
'U$(M  >>:(< />L;:7M; R> <:[M( @L>@4R7>< >/ /U:RM <' R5( $><M(EU(<$(M
/U:RM $< 5X( >< R5( M(LX7$(M >//(L(' [  4(<(L7$ $>;@><(<RD
5UR6'>Y< /U<$R7><M <' 7<R(L:>$9M L( $>;;><:[ UM(' 7< 7<'UMRL7: UR>;R7><
R> @L(X(<R /7:UL(M R> '7:R( /L>; ><( MU6M[MR(; R> <>R5(LD 5( UM( >/ MU$5 /U<$6
R7><M 5M& 5>Y(X(L& R5( $><M(EU(<$( R5R @:<R X7:7:7R[ 7M M>;(R7;(M L('U$('
Y7R5>UR 4>>' L(M><D 7R5 R5( (X(L 5745(L '(4L(( >/ UR>;R7><& R57M 5M ((< R5(
9([ $UM( R> 7<$L(M(' XU:<(L7:7R[ R> M7;@:( /U:RM& @LR7$U:L:[ 7< M(<M>LM <'
$RUR>LMD 5( @@L>$5 7< R57M R(ZR 7M R> >R7< '(@(<'7:7R[ [ 47X7<4  4(<(L7$
$>;@><(<R >L MUM[MR(; < 7:7R[ R> '(R($R <' 7M>:R( /U:RM <' L($R Y7R5 $R7><M
R5R $$>;;>'R( R5( $><RL>: M[MR(; R> R5( /U:RD U:R $$>;;>'R7>< 7M @L('(6
R(L;7<(' R R5( '(M74< MR4(D 5( M$>@( >/ R5( ;(R5>'M @L(M(<R(' 7< R57M M($R7><
7M R> 47X(  />L;: R($5<7EU( R> >R7<  :7MR >/ Y57$5 /U:RM M5>U:' ( 5<':(' R>
L(47< < $$(@R:( X(LM7>< M(LX7$(M /R(L /U:RM 5X( >$$ULL(' :>$::[ 7<  4(<(L7$
$>;@><(<RD

3/ / -19)-113 9D9=.96 <':7<4 >/ /U:RM 7< >@(<6:>>@ M[MR(;M& (D4D&
;><7R>L7<4 <' L(;>R( $><RL>:& 7M R($5<7$::[ MRL745R6/>LYL'& UR R5( L($R7><M
UM(' R> $$>;;>'R(  /U:R <((' R> ( '(M74<(' Y7R5 $L(/U: $><M7'(LR7>< R> M/(R[
<' X7:7:7R[ >/ R5( R>R: @:<RD @R7;7MR7>< R  :>$: :(X(: ;[ (M7:[ X7>:R( <
>X(L:: M/(R[ 4>:D
29 9O CAgX>X $X., FC )FBKFC.C]X C, W)<>].)]`W.

<':7<4 >/ /U:RM 7< $:>M('6:>>@ $>;@><(<RM 7M  ;>L( '7/0$U:R <' $5::(<47<4
RM9D L>@(L:[ '(M74<(' M[MR(;M $< $$>;;>'R( R5( (//($RM >/ /U:RM Y5(L(M :(MM
$L(/U: '(M74<M $< :(R /U:R (//($RM @L>@4R( R> >R5(L MUM[MR(;MD

1//=*1/ B*=( 8-**-*=D /-D9*96 >L R5( L(M><M 47X(< >X(& /U:R <:[M7M
<((' R> 7<$>L@>LR( <:[M7M R5L>U45>UR  M[MR(;D L'7R7><: ;(R5>'M />L /U:R '(6
R($R7>< <' 7M>:R7>< '> <>R $>X(L R57M @L>:(;D 5([ L( X(L[ :( R> '(R($R R5(
@L(M(<$( >/  /U:R M  '7//(L(<$( (RY((< $RU: <' (Z@($R(' (5X7>ULD M>:R7><
>/  @LR7$U:L /U:R L(EU7L(M  5[@>R5(M7M >UR R5( >M(LX(' (//($RM /L>; R57M /U:RD
57M 7M >R7<(' [ ' 5>$ (<47<((L7<4 <' L(EU7L(M '((@ @L>$(MM 9<>Y:('4( <'
(<47<((L7<4 M97::M R> ;9(  MU$$(MM/U: '(M74<D R 7M (Z@(<M7X( 7< R(L;M >/ >R5 9([
@(LM><<(: <' R7;(D
<:[M7M >/ M[MR(; L(:77:7R[ 7M ;<'R>L[ />L M/(R[ $L7R7$: M[MR(;M UR 7M :M>
;>L( <' ;>L( >/R(< UM(' />L $>;;>< 7<'UMRL7: M[MR(;M& 'L7X(< [ R5( 7<$L(M7<4
(<X7L><;(<R <' M/(R[ YL(<(MM 7< L($(<R [(LMD 5( MRR( >/ R5( LR 7M MU$5 R5R <>
;(R5>' $< 4UL<R((  $>;@:(R( '(M$L7@R7>< >/ :: @>MM7:( /U:R ;>'(M >/  M[MR(;D
(LR7< />L;M >/ L7M9 <:[M7M @L>X7'(& <(X(LR5(:(MM&  X(L[ M[MR(;R7$ @@L>$5
R> /U:R ;>'(::7<4 ><$( @>MM7:( $>;@><(<R /U:RM 5X( ((< 7'(<R70('D U:RM 7<
$>;;>< 7<'UMRL7: $>;@><(<RM L( MU8($R R> $><MR<R MRU'[& <'  ;(R5>'>:>4[
M(' >< $>;@><(<R /U:R ;>'(::7<4 $>U:' UM( $$U;U:R(' 9<>Y:('4( />L ($5
R[@( >/ $>;@><(<RD 5( <U;(L >/ @L7<$7@::[ '7//(L(<R $>;@><(<RM 7<  $(LR7<
L<$5 >/ 7<'UMRL[ 7M M;:: (<>U45 R> ;9( R57M  ;<4(:( (Z(L$7M(D

 9D9=.=* 3381(6  M[MR(;R7$ @@L>$5 $< ( ;'( 7/ R5( M7$ ;(R5>'6


>:>4[ /L>; L7M9 <:[M7M 7M '>@R(' R> R5( '(R7:(' ;R5(;R7$: ;>'(:M <(('(' />L
L(:6R7;( /U:R '74<>M7MD  :7<9 5M R> ( (MR:7M5(' /L>; EU<R7RR7X(& MRR7$ L7M9
;>'(:M R R5( $>;@><(<R :(X(: R> EU:7RR7X(& '[<;7$: /U:R '74<>M7M '(M$L7@R7><M
>/ 7<@UR6>UR@UR L(:R7><M R> $57(X( R57M 4>:D
5( :7<9 7M >X7>UM:[ R> ;(L4( R5( $>;@><(<R M(' 4(<(L7$ '[<;7$: ;>'6
(:M A(<(L4[& ;>;(<RU;& <' 2>Y L(:R7><MB Y7R5 $>;@><(<R /U:R ;>'(:M /L>; R5(
L7M9 <:[M7MD 5( 4(<(L7$ '[<;7$: ;>'(:M $< ( (ZR(<'(' R> MUM[MR(; 7<@UR6
>UR@UR '(M$L7@R7><M& />L (Z;@:( UM7<4  M[MR(; (5X7>UL '(M$L7@R7>< @@L>$5D
57M ;(R5>'>:>4[ 4UL<R((M R5R :: L(:(X<R $>;@><(<R /U:RM L( 7<$:U'(' 7< 
;R5(;R7$: M[MR(; ;>'(:& <' :: L(:(X<R '[<;7$: L(:R7><M L( @L(M(LX(' 'U(
R> ;>'(::7<4 (7<4 '><( R R5( $>;@><(<R :(X(:D
5( M[MR(;R7$ @@L>$5 M5:: @L>X7'( R5( />::>Y7<4 7</>L;R7><%
?D 7MR >/ /U:RM R> '(R($R
TD R5(;R7$: ;>'(: />L UM( 7< /U:R '74<>M7M
SD M7$ $5L$R(LQ$L7R7$:7R[ >/ ($5 /U:R
3D (EU7L(' L($R7>< R> ($5 /U:R D
57M 7M (:>LR(' 7< R5( />::>Y7<4D
9O9 `A] KWFK:]>FC CAgX>X 27

+ 4$1 *-(*1!(& &$8.!.

(X(L: @@L>$5(M (Z7MR R> <:[M( M[MR(;M M(' >< R5( $>;@><(<RM R5([ $>;6
@L7M(D 5( 0(:'M >/ L7M9 <:[M7M <' L(:77:7R[ (<47<((L7<4 5X( '(X(:>@(' M(X(L:
@@L>$5(M R> MM(MM R5( L7M9M MM>$7R(' Y7R5 $>;@><(<R L(96'>Y<D < $>;6
;><:[ $$(@R(' MR<'L' 7< (X(L['[ 7<'UMRL7: UM( 7M R5( /7:UL(6;>'(M <' (//($RM
<:[M7M A B R($5<7EU(D R 7M M(' >< '(M$L7@R7>< >/ R5( /7:UL( ;>'(M >/ R5(
7<'7X7'U: $>;@><(<RM& <' Y>U:' R5UM M(LX( >UL @UL@>M(D 5( /7:UL( ;>'( <'
(//($RM <:[M7M R($5<7EU( 7M Y(:: (MR:7M5(' <' MU@@>LR(' [ >R5 'RM(M Y7R5
L(9'>Y< 7</>L;R7>< <' ;(<6R7;( (RY((< /7:UL( 57MR>L[ />L ;<[ $>;@>6
<(<RMD R YM 5(<$( <RUL: R> '(X(:>@  ;(R5>' />L <:[M7M >/ /U:R @L>@4R7><
M(' >< MU$5 X7::( 7</>L;R7>< >< $>;@><(<R /7:UL( ;>'(MD

*-@8 .19 / ""=9 /-D9*96 7:UL( ;>'(M <' (//($RM <:[M7M 7M  R>>:
>L747<::[ '(X(:>@(' [ L(:77:7R[ (<47<((LMD R <:[M(M @>R(<R7: (//($RM $UM(' [
M7;@:( >L 44L(4R(' $>;@><(<RM $(M7<4 R> (5X( M 7<R(<'('& 7D(D R5([ MR>@ @L>6
X7'7<4 R5( M(LX7$( '(M74<R(' R> R5( $>;@><(<RD  /7:UL( ;>'(M <' (//($RM <:[M7M
@L>$('UL( MRLRM Y7R5 :7MR7<4& />L ($5 $>;@><(<R& 7< Y57$5 Y $< R57M $>;@><(<R
/7:D 57M 7M L(/(LL(' R> M /7:UL( ;>'(MD RM(M L( X7::( Y7R5 7</>L;R7><
>UR /7:UL( ;>'(M />L  :L4( <U;(L >/ 7<'UMRL7: $>;@><(<RMD 5( >UR@UR >/ 
/7:UL( ;>'(M <' (//($RM <:[M7M @L>$('UL( 7M R5( (//($R >< R5( M[MR(; <' 7RM (<6
X7L><;(<R R5R Y>U:' ( R5( $><M(EU(<$( 7/ R5( @LR7$U:L $>;@><(<R M5>U:' /7: 7<
($5 >/ R5( Y X7::( R> 7R A/7:UL( (//($RMBD
< (Z;@:( />L  R[@7$: /7:UL( ;>'(M <' (//($RM <:[M7M Y>L9M5((R 7M 7::UM6
RLR(' />L  @L(MMUL( 4U4( 7< R5( R:(D 5( /7:UL( ;>'(M <' (//($RM <:[M7M Y>L96
M5((R 5M $>:U;<M />L (>, (->(!>(/-& (+A8 ,/9 (+A8 A9 (+A8  >
<' 8(9* 9999,-> />L R5( (<' (//($RM R M[MR(;Q(<X7L><;(<R :(X(:D 5(L( L( :M>
$>:U;<M />L 8(9* / <' >(/-9 86A(8& <>R M5>Y< 5(L(D

(>, (+A8 (+A8 (+A8 8(9* 99995


(->5 ,/ A9  > 9C 28/
@L(MMD /:M( 5745 '(/($R7X( R>Z7<M <>R
3 ]D]]]T
4U4( L('7<4 MRU$9 '(MRL>[('
/:M( :>Y '(/($R7X( @>R(<R7:
 T3 S ]D]]]T
L('7<4 MRU$9 UL<M

5( 7</>L;R7>< >< (<'6(//($RM 7<  /7:UL( ;>'(M <' (//($R <:[M7M M$5(;( 7M
0L;:[ :7<9(' R> R5( M[MR(; L$57R($RUL(& Y57$5 7M <>R (Z@:7$7R 7< R5( Y>L9M5((RD <:6
[M7M <' '(M74< >/ /U:R6R>:(L<R M[MR(;M L(EU7L(  /U::[ 2(Z7:( L(@L(M(<RR7>< <>R
>//(L(' [ R5( /7:UL( ;>'(M <' (//($R <:[M7M M$5(;( 7RM(:/& UR R5( 7</>L;R7><
>< $>;@><(<R /7:UL( ;>'(M 7M X(L[ UM(/U: <' 7M (Z@:>7R(' 7< R5( />::>Y7<4D
2[ 9O CAgX>X $X., FC )FBKFC.C]X C, W)<>].)]`W.

@-= 3813'=*1/ .=8*C6  RL'7R7><: /7:UL( ;>'( <' (//($RM <:[M7M MRLRM
Y7R5 M(:($R7>< >/ R5( :>Y(MR :(X(: >/ <:[M7MD < R5( @L(M(<R $><R(ZR& R57M ;(<M
M(<M>LM& X:X(M& ;>R>LM <' M7;7:L $>;@><(<RMD :: @>R(<R7: /U:RM <' R5(7L (//($RM
L( '(R(L;7<('D  /U:R @L>@4R7>< M$5(;( />L ($5 $>;@><(<R M5>YM 5>Y /U:R
(//($RM >UR >/ R5( $>;@><(<R L(:R( R> /U:RM R 7<@UR& >UR@UR& >L @LRM Y7R57< R5(
$>;@><(<RMD 57M 7M 7::UMRLR(' 7< 74D 3DPD

        
  
   

  





    



   





         


  

   


    



 
         
 
 
       
 
 
         

+ +/+ W,>]>FCA 5>A`W. BF,.X C, .55.)]X CAgX>X X)<.B.


>AA`X]W]., :WK<>)AAg 5FW ]eF )FBKFC.C] A.d.AX

<:[M7M >/ R5( @L>@4R7>< >/ /U:RM 7M $><X(<7(<R:[ M(' >< ;RL7Z ;(R5>'MD
5( A+> 28/2%>(/- -+F9(9 AB UM(M  >>:(< ;@@7<4 >/ /U:RM ><R> (//($RM
/>L ($5 $>;@><(<R >L ($5 M(R >/ 44L(4R(' $>;@><(<RMD

#/*=*1/ &6> 4@-= 3813'=*1/ .=8*C5


/8  %(C- //+- ,22(-% 
   5   #4( "$
/ >& 9> / /,2/--> A+>9 /! )  /->/ >& 9> /  >9 +! )  >& A+>
28/2%>(/- ,>8(E (9 !- 9 /++/D9

" 7/ /!-  "  +!,  "
=,- 
4 >R5(LY7M(D
9O9 `A] KWFK:]>FC CAgX>X 2Z

 /U:R @L>@4R7>< ;RL7Z M$5(;( $< ( (Z@L(MM(' M


%!,   ', ( ( !,
Y5(L(  ', 7M  >>:(< ;RL7Z L(@L(M(<R7<4 R5( @L>@4R7><D 5( >@(LR>L ( 7M R5(
7<<(L @L>'U$R '7M8U<$R7>< >@(LR>L R5R @(L/>L;M R5( >>:(< >@(LR7><
+!,.  $=,. 0 /!, % 2 $=,.. 0 /!,. %EEE 2 $=,.4 0 /!,4 %
5(< (//($RM @L>@4R( /L>; >R5(L $>;@><(<RM& Y( 4(R& R :(X(: 4%
 &
' ( !,
%!,   , ( E
%! ", #
57M 7M  MUL8($R7X( ;@@7<4 /L>; /U:RM R> (//($RM% R5(L( 7M  U<7EU( @R5 /L>; /U:R
R> (<' (//($R& UR M(X(L: '7//(L(<R /U:RM ;[ $UM( R5( M;( (<' (//($RD
[MR(; '(M$L7@R7><M L( >R7<(' /L>; 7<R(L$><<($R7>< >/ $>;@><(<R '(M$L7@6
R7><MD (L47<4 R5L(( :(X(:M 47X(M R5( (<' (//($RM R R5( M($><' :(X(:&
  &&  &
'
 ( !.
%!.   . ( (
4 ' (!
X(<RU::[& (<' (//($RM R R5( M[MR(; :(X(: L( L($5('D

A89 /-D9*96 5( (//($R X($R>L $>LL(M@><'7<4 R>  @LR7$U:L /U:R /. 7M 5(<$(
R5( 7 D+ $>:U;< >/  ' D (X(LM(:[& 47X(<  @LR7$U:L %& R5( M(R >/ /U:RM R5R $>U:'
$UM( R57M (//($R 7M >R7<(' [ $5($97<4 Y57$5 $>:U;<M >/  ' ;R$5 R5( >M(LX('
%D 57M $< ( ( YL7RR(< UM7<4 R5( >@(LR>L ' '(0<(' [ R5( >@(LR7><
/,  $=,  + % 0 $=,.  +. % EEE 0 $=,4  +4 %
4  "( EEE(  /

 %
<' @@:[ R57M ><  ' &
 %
( !   ' ' %!

<:[M7M >/ R5( M[MR(; ;RL7Z $< (M7:[ M5>Y Y5(L( 7< R5( M[MR(; R5( @L>@4R7><
M5>U:' ( '(R($R(' <' MR>@@('& R5( >@(LR7>< Y( Y>U:' $57(X( [ /U:R 5<':7<4D
L>@(L 5<':7<4 >/  /U:R Y>U:' 7;@:[ R5( @LR7$U:L (<RL[A7(MB 7< R5(  ' ;RL7Z
$5<4( /L>; H?I R> H]ID
Z@(L7(<$( /L>; @@:[7<4 /U:R @L>@4R7>< <:[M7M R> :L4(L M[MR(;M M5>Y R5R
Y( ;745R <((' R> 7<$:U'( >$$ULL(<$( >/ ><( /U:R <' R5( <><6>$$ULL(<$(
' >/ <6

>R5(L 7< R5( '(M$L7@R7><D 57M Y>U:' 7;@:[ R> (ZR(<' ( , R> $( , ( ( , 7< R5( >X(
(Z@L(MM7><MD
<:[M7M >/  M[MR(; Y7R5 R5L(( M7;@:( $>;@><(<RM& <'  '(M$L7@R7>< >/ R5(7L
L$57R($RUL( 7M M5>Y< 7< R5( />::>Y7<4 (Z;@:(D
22 9O CAgX>X $X., FC )FBKFC.C]X C, W)<>].)]`W.

6#(" + .() 1#(' 4#1! 1!. (&)(''1/


 XgX].B e>]< ]<W.. )FBKFC.C]X C, FK.C AFFK X]W`)]`W. >X
! (
-
*  
*
! (
-
* 
*
*   - !
<. 5`A] .55.)] X)<.B. 5FW ]<>X .fBKA. >X
! (
-
*   
*
$ +
! ! (( -
0 " - ) 
*  
0
*
$ $ ++ $ +
!0 ( -
*  "  " 0 )) " - ) 
0
0  -
$ +
! ( ! ( -
0 0 " - ) # 2<2
*   -2<2
0 0 
-
55.)]X W. X..C ]F $. KWFK:]., ]F ]<. C.f] A.d.A F5 CAgX>X C, )] X KW]VX 5`A]X ] ]<]
A.d.AO <>X >X )FC]>C`., `C]>A ]<. XgX].B A.d.A >X W.)<.,O <. X)<.B.X :>d. C X`W?.)]>d.
BKK>C: 5WFB 5`A]X ]F .55.)]X* <.W. >X  `C>Q`. K]< 5WFB 5`A] ]F .C, .55.)]+ $`] ,>55.W.C]
5`A]X Bg )`X. ]<. XB. .C, .55.)]O 

R 7M <>R(' R5R R5( >>:(< @L>@4R7>< ;RL7Z $< ( M@:7R 7<R> $>:U;<M @L>@4R7<4
/U:RM <' $>:U;<M @L>@4R7<4 7<@UR (//($RM&
 %
 ',   ',"' ! ',"$

(L47<4 RY> :(X(:M $< R5(< ( L(6YL7RR(<


  &&  &
'
4 /!.
+!.  . ( ( 
4 ' +!
 &
 % /!.
' ' '
+!.   ."'  ."$ (  (
/!
57M 7::UMRLR(M 5>Y /U:RM /L>; R5( $ULL(<R :(X(: L( @L>@4R(' R5L>U45 R5( $>;@>6
<(<R (7<4 $><M7'(L('& Y57:( /U:RM /L>;  :>Y(L :(X(: @L>@4R( R5L>U45 R57M :>Y(L
:(X(: <' R5L>U45 R5( @L(M(<RD
9O9 `A] KWFK:]>FC CAgX>X 2D

#,! +' #' %"2%1 //2&)1#('


<>X ,>X)`XX>FC F5 5`A] KWFK:]>FC >X $X., FC ]<. XX`BK]>FC ]<] FCAg  X>C:A. 5`A] >X
KW.X.C]O 5 ]<. CAgX>X X<F`A, )Fd.W ]<. F))`WW.C). F5 B`A]>KA. 5`A]X+ FW KWFK:]>FC F5 FC.
KW]>)`AW 5`A] $.>C: ,.K.C,.C] FC  KW]>)`AW F]<.W 5`A] CF] $.>C: KW.X.C]+ e. eF`A, C..,
 BFW. )FBKA.f AF:>) ,.X)W>K]>FC ]<C >C]WF,`)., $Fd.O .X`A]X ,F .f>X]+ $`] W. )FCX>,.W.,
F`]X>,. ]<. X)FK. F5 ]<. KW.X.C] ].f]O 

6#(" + 21()#%(1 " 6.( /6/1& # '(/#/


>A`W. F5 X<>KXV BF]>FC )FC]WFA XgX].BX <d. $..C ]<. )`X. F5 BCg X.d.W. ))>,.C]XO FB.
F5 ]<.X. e.W. )`X., $g 5`A]X >C ]<. :gWF=XgX].B KWFd>,>C: ]<. <.,>C: C, ]`WC W]. BF]>FC
5..,$)@ ]F ]<. `]FK>AF]O WAg ,.].)]>FC F5 X`)< 5`A]X )F`A, KW.d.C] ]<. )FC]WFA XgX].B 5WFB
`CeC]., A].W]>FC F5 ]<. X<>KVX <.,>C:O <>X .fBKA. >AA`X]W].X 5`A] ,.].)]>FC FC  X<>KVX
:gWF )FBKXX C, C XXF)>]., ]`WC W]. X.CXFWO
`A]X W. KFXX>$A. >C .>]<.W F5 ]<. ]eF B.X`W.B.C]X C, ]<. K`WKFX. F5 ]<. 5`A] ,.].)=
]>FC >X ]F >XFA]. ]<. 5`A]g X.CXFWO `$X.Q`.C] 5`A] ))FBBF,]>FC X<F`A, ]<.C Xe>])< ]<.
5`A]g X.CXFW F`] C, .X]>B]. ]<. B>XX>C: X>:CA 5WFB ]<] F5 ]<. :FF, X.CXFWO `A]=]FA.WC).
:>CX] ]<.X. 5`A]X >X F$]>C., $g >BKA.B.C]>C: ]<. X)<.B. X C `]FCFBF`X KW] F5 ]<.
<.,>C: )FC]WFA AFFKO

  -# &, ,0 7,&+  X)<.B.X ,.X)W>$. ]<. KWFK.W]>.X F5 X>:CAX FW 6WX] K<gX>)A
Q`C]>]>.X W.A]., ]F ]<. 5`C)]>FC FW F`]K`] F5 ]<. )FBKFC.C]O <. .55.)]X A>X]., >C ]<. 6WX]
WFe W. Q`C]>X., ,.X)W>K]>FCX F5 ]<. KWFK.W]>.X F5 ]<. X>:CAXO <. W.A]>FCX<>K 5WFB >CK`] ]F
F`]K`] W. >C,>)]., >C B]W>f 5FWB >C ]<. KWFK:]>FC CAgX>XO <. )`X.X ,`. ]F ,>55.W.C]
.55.)]X F5 ]<. )FBKFC.C] W. A>X]., >C ]<. ]$A.O <.X. d.Wg XK.)>6) ,.]>AX $F`] )FBKFC.C]
5>A`W. W. CF] `X., >C F`W CAgX>X+ $`] W. `X., X  :FF, X]W]>C: KF>C] 5FW  XgX].B]>) CA=
gX>XO  X)<.B.X W. d>A$A. 5WFB X.d.WA ,]$X.X F5 )FBKFC.C] W.A>$>A>]g+ >C KW]>)`AW
5WFB )FBKFC.C]X `X., >C ]<. C`)A.W+ XK). C, d>FC>)X >C,`X]W>.X+ e<.W. KFX] 5>A`W. CAg=
X>X <X $..C B,. XgX].B]>)AAgO <. X)<.B. 5FW ]<. W]. :gWF >X >AA`X]W]., >C ]<. 5FAAFe>C:
]$A.O

>:CA AFe <>:< 8`)]`]>C: `C,.6C.,


A.)]W>) X<FW] A.)]W>) X<FW] >W. ,.5.)] >W. ,.5.)]
`A] A.)]W>)A FW A.)]W>)A C>] C>]
B.)<C>)A ,.5.)] ,B:., ,B:.,
,.5.)]
CK`]* AFe W]. <>:< W]. X`KKAg KFe.W ,>XBF`C].,

<.  B]W>f 5FW ]<. W]. :gWF >X ,.6C., $g )FCX>,.W>C:  :.C.W>) 5>A`W. F5 ]<. W]. :gWF+
e<>)< )C )`X. Cg F5 ]<. F`]K`] X>:CA )FC,>]>FCX* /3G )+() &C@C@+1( FW C1$1O
! (
+
1!  1!
2"#,
$ + $ +
*1!&   0 $ +
# *1!" * #  -+
# * # 0  *
* " *2"#,& )
" *1! )  "  0 0 )
*2"#,"
*1!8  0 0
Di 9O CAgX>X $X., FC )FBKFC.C]X C, W)<>].)]`W.

$X.Wd]>FC F5 ]<. X.] F5 .C, .55.)]X eF`A, X<Fe e<>)< 5`A]LXM )F`A, $. ]<. )`X.LXM]F 
KW]>)`AW .C, .55.)] )FB$>C]>FC+
! (
 1!
 1!  1!
2"#,
$ +
$ + $ + *1!&
-1!     # *1!" *
" *2"#,& )  "  0 0 0 )#
" *1! )
*
*2"#," 0  0 0
*1!8
<. >C].WKW.]]>FC >X )A.WAg ]<]
*1!& ) *1!" ) *1! ) *1!8  *2"#,& ' .])O
 )FBKA.]. XgX].B]>) CAgX>X e>AA X<Fe e<>)< 5`A]X <d. X.d.W. .C, .55.)]X+ >O.O .55.)]X
]<] )F`A, )`X. ]<. X<>K ]F B@. C `C.fK.)]., A].W]>FC F5 <.,>C:O <.X. >C)A`,. 5`A]X
FC .>]<.W F5 ]<. W]. FW <.,>C: :gWF `C>]X+  5`A] >C ]<. X]..W>C: :.W C,  5`A] >C ]<.
<.,>C: W.5.W.C). ]F ]<. `]FK>AF]O <>X A>X] F5 5`A]X >X `X., e<.C BF,.AA>C: ]<. XgX].B C,
]<. 5`A]X ]F $. ,>:CFX., W. >,.C]>6., 5WFB ]<>X A>X] F5 <>:< X.d.W>]g 5`A] .d.C]XO <. 5`A]
KWFK:]>FC CAgX>X `X.X @CFeA.,:. F5 ]<. Fd.WAA )<W)].W>X]>)X F5 ]<. .55.)]X F5 5`A]XO F
KWF).., >C 5`W]<.W ,.]>A e>]< ,.].)]>FC+ e. e>AA A].W C..,  BF,.A e<.W. ]<. XK.)>6) 5`A]X
W. ,.X)W>$., X )<C:. F5 ]<. KWB.].WX >C  :.C.W>) B]<.B]>)A BF,.AO  :.C.W>) 5`A]
BF,.A 5FW ]<. W]. :gWF >X
>' L!   # "+ L!! > L! # -+ L! # <+ L!'
e<.W. >' >X ]<. B.X`W., X>:CA+ > ]<. ]W`. ]`WC W].O `A]X e>AA F))`W X )<C:.X >C .>]<.W
F5 ]<. X>:CAX "+ FW -+ + $F]< F5 e<>)< W. 5`C)]>FCX F5 ]>B.O <. X>:CA -+ L! >X ,,>]>d.
>C ]<>X BF,.A+ "+ L! >X CFC=,,>]>d.O F]< W. h.WF e<.C CF 5`A]X W. KW.X.C]O <. X>:CA
<+ L! W.KW.X.C]X B.X`W.B.C] CF>X.O F]. ]<]  CFC=,,>]>d. 5`A] )C $. FB>]]., >C ]<.
5`A] BF,.A+ X>C).  :>C 5`A] )C $. BF,.AA., ]<WF`:< C ,,>]>d. ].WB X
-+ L!  " L! > L!A 

1.3-=/996 >;@:(R(<(MM >/ R5( /U:R (//($R X($R>L 7M  <($(MML[ @L(L(EU7M7R(


/>L :R(L /U:R '(R($R7>< <' 7M>:R7><& M7<$( R5( ><:[ /U:RM R5R $< ( 7M>:R(' L(
R5>M( M@($70(' 7< R5( '(M74<D >;@:(R(<(MM 7M >R7<(' 7/ :: @>MM7:( $>;@><(<R
/U:RM L( $><M7'(L('D 57M 7M <>R $57(X:( 7<  L74>L>UM M(<M(& UR (<47<((L7<4
(Z@(L7(<$( /L>; L7M9 <:[M7M ;9(M 7R @>MM7:( />L @L$R7$: @UL@>M(MD
R 7M <>R('& R5R $>;@:(R(<(MM '>(M <>R (<MUL( R5R $>;@><(<R /U:R 7M>:R7>< 7M
@>MM7:( ($UM( R5( ;@@7<4 /L>; /U:R R> (//($RM 7M <>R < 7M>;>L@57M; A><(6R>6
><( ;@@7<4B% < >M(LX(' (//($R $>U:' ( $UM(' [ <[ >UR >/ M(X(L: $>;@><(<R
/U:RMD

#/*=*1/ 1" '/8* 1.31//=96 5( >X( 7<RL>'U$R7>< >/ /U:R @L>@4R7><
;RL7Z R> $5L$R(L7M( @L>@4R7>< >/ /U:R R5L>U45 $>;@><(<RM :('M R> 7<$:U'( R5(
/U:R @L>@4R7>< ;RL7Z 7< R5( />L;: '(0<7R7>< >/  4(<(L7$ $>;@><(<R
9O9 `A] KWFK:]>FC CAgX>X DI

#/*=*1/ &6& 4/8* 1.31//= .1- 4C=/55


 9F9>, /,2/--> (9 !- F >& ,/+ %(C- (- !-(>(/- $5$ >/%>&8 D(>&
>& (>(/-+ ,/+ 28>
;  (-2A> ! A9',/ 2  #; +(9> / (->8-+ A+>9:
+(9> / (-2A>  >9 2! A9',/$
;  /A>2A> ! A9',/ 2  #; +(9> / /A>2A>  >9 2! A9',/$
;  98(2>(/- ! A9',/ 2  #;  (-2A>:  /A>2A>:
 ,>8(E: 2 ! A9',/$E

6#(" +/ &).12. ('1.(%


<>X .fBKA. >AA`X]W].X ]<. ::W.:]>FC F5 X>BKA. )FBKFC.C]X >C]F  )FBKA.f )FBKFC.C] ]<]
KWFd>,.X  ].BK.W]`W. )FC]WFA X.Wd>).O <. KWF$A.B )FCX>,.W., >X ]F ))FBBF,]. XFB. F5
]<. 5`A]X ]<] eF`A, X]FK ]<. KW>BWg X.Wd>). F5 ]<. ].BK.W]`W. )FC]WFA AFFK >C >:O 9OZO 
]<W.. eg dAd. )FC]WFAX ]<. B>f>C: F5 <F] e].W W.]`WC>C: 5WFB  ]C@ e>]< ].BK.W., e].W
5WFB  <.] .f)<C:.WO <. )FC]WFA F$?.)]>d. >X ]F @..K ]<. )FFA>C: e].W ].BK.W]`W. F5 C
.fF:.CF`X KWF).XX >C ]<. ]C@ ]  )FCX]C] dA`.O <. dAd. >X )FC]WFAA., $g ]<. ].BK.W]`W.
)FC]WFA AFFK+ e<>)< )FCX>X]X F5
 ]<. )]`]FW e>]<  BF]FW
 ]<. ].BK.W]`W. X.CXFW LM
 ]<. )FC]WFAA.W e>]< KWF).XX >C].W5). L + + \+ \M
 ]<. 6A].W XgX].BO
<. )FC]WFA AFFK >X X<FeC >C >:O 9OZO

    
  
        
        
     


   

       
   

       
+ +.+ >K>C: C, >CX]W`B.C]]>FC ,>:WB W.KW.X.C]]>FC F5 
].BK.W]`W. )FC]WFA AFFK e>]< ^=eg dAd.

<. ].BK.W]`W. )FC]WFA AFFK >X  )X),. )FC]WFA e>]< KFX>]>FC )FC]WFA F5 ]<. dAd. X ]<.
>CC.W AFFKO ]$>A>]g F5 ]<. ]F]A AFFK >X CF] :`WC].., >5 ]<. >CC.W AFFK $.)FB.X FK.C ,`. ]F
 )FBKFC.C] 5`A]O
D_ 9O CAgX>X $X., FC )FBKFC.C]X C, W)<>].)]`W.

<W.. eg dAd. )]`]FWO <. dAd. >X ,W>d.C $g C  BF]FW e<>)< >X )]>d]., $g 
,F`$A. )]>C: W.Ag ]F .>]<.W X>,. F5 WF]]>FCO C, X]FK Xe>])<.X W. X`KKFX., ]F dF>, BF=
]FW Fd.WAF, C, 5FW). ]<. BF]FW >C]F B.)<C>)A X]FK X<F`A, ]<. KFX>]>FC )FC]WFA AFFK 5>A
>C XFB. egO <. KF].C]>FB.].W :>d.X KFX>]>FC 5..,$)@O <. KFX>]>FC AFFK 5>AX >5 .>]<.W
KF].C]>FB.].W FW .C, X]FK Xe>])<.X 5>AO
>:`W. 9O2 X<FeX ]<. :WK<>)A W.KW.X.C]]>FC F5 ]<.  X)<.B. 5FW ]<. )AFX.,=AFFK dAd.
KFX>]>FC )FC]WFAA.WO FA, A>C.X >C ]<. X)<.B. X<Fe <Fe 5`A]X KWFK:].O <. >BKFW]C] F$=
X.Wd]>FC >X ]<] KWFK:]>FC )F`A, $. X]FKK., ] ]<. KF>C]X BW@., e>]< X]WXO <>X B.CX
]<] 5`A] <C,A>C: X<F`A, $. KKA>., .f)]Ag ] ]<.X. KF>C]XO
] >X >C]`>]>d. ]<] ))FBBF,]>FC F5  KFX>]>FC FW A>B>] Xe>])< 5`A] )F`A, $. ,FC. 5>WAg
X>BKAg*
IO X. C .X]>B]. F5 ]<. dAd. KFX>]>FC >C ]<. BF]FW )FC]WFAA.W >CX]., F5  5`A]g KFX>]>FC
X>:CAO
_O d.WW>,.  A>B>] Xe>])< >C5FWB]>FC >5 $F]< KFX>]>FC X.CXFW 5..,$)@ C, C .X]>B].,
KFX>]>FC X<Fe ]<]  A>B>] Xe>])< 5`A] <X F))`WW.,O
C F$X.Wd.W 5FW ]<>X K`WKFX. >X .A.B.C]WgO <. .X]>B]., dAd. KFX>]>FC >X >C)W.X., FW
,.)W.X., >C KWFKFW]>FC ]F ]<. ]>B. .>]<.W F5 ]<. ]eF BF]FW W.AgXO <>X W.Q`>W.X CF ,,>]>FCA
<W,eW. $`]  5.e A>C.X F5 F$X.Wd.W )F,.O ))FBBF,]>FC F5 Cg F5 ]<.X. X.CXFW 5`A]X
e>AA B@. >] KFXX>$A. ]F )FC]>C`. FK.W]>FC e<>A. :>d>C: C A.W] $F`] W.Q`>W., B>C].CC).O
>]<F`] ))FBBF,]>FC+ ]<. ].BK.W]`W. )FC]WFA AFFK eF`A, KWF$$Ag 5>A ,`. ]F ]<. AFFK
$.)FB>C: `CX]$A. e>]<F`] ]<. >C].WCA KFX>]>FC 5..,$)@O
>:`W. 9O2 X<Fe., ]<.  X)<.B. >C $AF)@=,>:WB 5FWB 5FW ]<. dAd. )FC]WFA KW] F5
]<. AFFKO <. )FBKFC.C]X W.* KF].C]>FB.].W+ A>B>] Xe>])<.X+ BF]FW+ ^ eg dAd.+ C, ,>:>]A
)FC]WFAA.WO
`A]X >C  A>B>] Xe>])< e>AA KW.d.C] BF]>FC >C )AF)@e>X. FW )F`C].W )AF)@e>X. ,>W.)]>FC =
FK.C>C: FW )AFX>C: F5 ]<. dAd.O <. )FCX.Q`.C). >X  X.d.W. F55X.] F5 ]<. ].BK.W]`W. )FC]WFA
>5 5`A] <C,A>C: >X CF] >C>]>].,O  $W.@,FeC F5 ]<. KFX>]>FC 5..,$)@ .A.B.C] e>AA )`X. 
$W.@,FeC F5 ]<. ].BK.W]`W. )FC]WFA AFFK $.)`X. ]<. BF]FW e>AA $. ,W>d.C WK>,Ag ]F 5`AAg
FK.C FW 5`AAg )AFX., KFX>]>FCO
.)`X. X.d.WA 5`A]X )C )`X. ]<. XB. .55.)]+ >] >X C.).XXWg ]F >XFA]. ]<. 5>A`W. XF`W).O
<.C ]<. XF`W). >X >XFA]., >] >X KFXX>$A. ]F ,.)>,. ]<. W.)]>FC*
 030&, 3"0+ `A] >C ]<. dAd. `K=,FeC W.Ag Xe>])< FW >C ]<. )=BF]FW* <. KFX>]>FC
)FC]WFAA.W B`X] X]FK >BB.,>].AgO <>X e>AA )`X.  AFXX F5 ]<. ].BK.W]`W. )FC]WFA X.Wd>).O

 030&, 3"0+ `A] >C ]<. dAd. .C,=X]FK Xe>])<* <. KFX>]>FC )FC]WFAA.W Xe>])<.X ]F `X.
]<. KFX>]>FC X.CXFW C, `K=,FeC )FBBC,X 5FW .X]>B]>FC F5 KFX>]>FCO <. X.Wd>). )FC]>C=
`.X `C]>A B>C].CC).O

 &-0&$ -$-&, 3"0+ <. )FC]WFAA.W X<F`A, $. W.=)FC6:`W.,O <. CAg]>)A W.A]>FC $.=
]e..C ,`W]>FC F5 W.Ag K`AX.X C, BF]FW X<5] KFX>]>FC+  KFX>]>FC .X]>B]. >X W.,>Ag
d>A$A.O <. .X]>B]. >X `X., `C]>A ]<. 5`A] >X W.K>W.,O

 #(,03, -$-&, 3"0+ <. W.5.W.C). ]F ]<. KFX>]>FC )FC]WFAA.W 5>AXO <. )FC]WFAA.W >X
W.)FC6:`W., C,  ]>B.=<>X]FWg WFAA=$)@ >X B,. F5 ]<. W.5.W.C). X>:CA C, ]<. B.C >X
`X., X ]<. C.e W.5.W.C). `C]>A ]<. 5`A] <X $..C W.K>W.,O
<>X .fBKA.X >AA`X]W]. X>]`]>FCX e<.W. ].BK.W]`W. eF`A, ,.d>]. X>:C>6)C]Ag FW ]<.
)FC]WFA eF`A, X>BKAg 5>A e>]<  )FBBFCAg KKA>., )FC]WFAA.W ,.X>:CO <. ].BK.W]`W. )FC=
]WFA X.Wd>). eF`A, CF AFC:.W $. d>A$A.+ C, ]<. Fd.WAA `X.=BF,. F5 ]<. ]C@ eF`A, C.., ]F
$. )<C:., ]F .BK]g>C:+ 5FW X5.]g W.XFCXO g )FC]WX]+ 5`A] ))FBBF,]>FC )F`A, XX`W.
d>A$>A>]g F5  W.,`)., ].BK.W]`W. )FC]WFA X.Wd>).+ 5FW X.d.WA A>@.Ag 5`A]X+ ]<`X .C<C).
]<. Fd.WAA KAC] d>A$>A>]g e>]< X>BKA. B.CXO 
9O9 `A] KWFK:]>FC CAgX>X D^

    


! 
! 
! 
! 
! 
! 
  
  
  

  

  

  
     "  # !  ! 


  
  
  

  

  

  

  
      

  
  
  
  

  

  

  

  

 

 

 

 

 
 
 
    
 

 
             


  
  
  
  
 
 
 
 
     
     
     

      "   

  

  
           
+ ++ WFK:]>FC F5 5`A] .55.)]X >C )AFX.,=AFFK )FC]WFA F5 ^=eg
dAd.O FA>, A>C.X X<Fe 5`A] KWFK:]>FC+ KF>C]X BW@., e>]< X]W X<Fe
e<.W. KWFK:]>FC )C $. X]FKK.,O
D9 9O CAgX>X $X., FC )FBKFC.C]X C, W)<>].)]`W.

+ -* -*-.&11!(& ( (%*(&&1 -!114-

5( >X( '7M$UMM7>< 5M M5>Y< R5R  :>$9 '74L; />L R5(  <:[M7M >/ <
44L(4R(' $>;@><(<R $><M7MRM >/

% R5( (ZR(L<: 7<@UR /U:RM >L (//($RM @L>@4R(' R> R5( $>;@><(<R
% R5(  L(@L(M(<RR7>< >/ :>Y(L :(X(: $>;@><(<RM Y7R57< R5( 44L(4R(' $>;@>6
<(<R
% R5( (<' (//($RM />L R5( 44L(4R(' $>;@><(<RD
5( :RR(L $< ( $><M7'(L(' >UR@UR >/ R5(  <:[M7MD 5( RM9 >/ '(:7<4 Y7R5
$:>M('6:>>@M 7< R5(  '74L; $< ( (M(' [ (;@:>[7<4  4L@5 />L;U:R7><D
 @@L>@L7R(  4L@5 7M 0LMR '(0<('D R 7M R5(< M5>Y< 5>Y $:>M(' :>>@M L(
7'(<R70(' <' 0<::[ 5>Y $UR M(RM $< ( >R7<('D

#/*=*1/ &6$ 4@-= 3813'=*1/ /-D9*9 '83(5


>  9F9>,  /,28(9 / (>,9 (-2A>  >9 5 /,2/-->9 D(>&  +/*9
1 - /A>2A>  >9 [5 !-  9> / C8>(9 9   #5( 1( [$ / -  %82&5
/-->(/-9 >D- >& 9F9>, (>,9 8 %9 / >& %82&5 & %9 /-9>(>A>
>& 9> 5 &  %82& (9 - /88 2(8 / (9)/(-> 9>9 $( %5    $ % (9
>& 9> / C8>(9 -   $ % >& % 9>5
( /ULR5(L '(0<( < >L7(<RR7>< >/ R5( ('4(M 7< R5(  4L@5D

#/*=*1/ &6; 48*/==*1/5


- % $4( 6% (9 9( >/ /-->  C8>( 6 >/ 45 - % (9 /8(-> - /-->9
C8>( 6 D(>& 4 >&- +,-  "5
57M :('M R>  ;RL7Z L(@L(M(<RR7>< >/ R5(  4L@5 Y7R5 >L7(<R(' ('4(MD

#/*=*1/ &6: 4*8= +/D .=8*C5


& (8> )-F ,>8(E  / ( D(>& 892> >/  %(C- /8(->>(/- / ( (9
>& ? 5 ? ,>8(E $),- % D&/9 ->8(9 8

" 7/ U, 7M R5( @>M7R7X( (<' >/ < ('4( /L>; U-
),- 
4 >R5(LY7M(&
D&8 >& -A,8 / C8>(9 (- >& %82& (9 ?5

5( '7L($R(' '8$(<$[ ;RL7Z 7M R5UM MEUL(D 5( (<RL7(M >/ R5( 4D+ L>Y M5>Y
Y57$5 $><<($R7><M @>7<R R> R5( 4D+ 7R(; A7<@UR& $>;@><(<R& >L >UR@URB 7< R5( /U:R
@L>@4R7>< '74L;D 5( $L'7<:7R[ >/ H?I (<RL7(M 7< R5( '7L($R(' '8$(<$[ ;RL7Z
7M (EU: R> R5( <U;(L >/ ('4(M 7< R5( 4L@5D
9O7 WK< W.KW.X.C]]>FC F5 )FBKFC.C] W)<>].)]`W. D7

#,! +2 ')21 3.15


<. 25" d.W].f >X C >CK`] d.W].f >5 C, FCAg >5 ]<. 25" WFe >C ]<. ,?).C)g B]W>f )FBKW>X.
h.WF.X FCAgO 

#,! +1 21)21 3.15


<. 3 5" d.W].f >X C F`]K`] d.W].f >5 C, FCAg >5 ]<. 3 5" )FA`BC >C ]<. ,?).C)g B]W>f
)FBKW>X. h.WF.X FCAgO 

#/*=*1/ &6 4-, 1" -/'=( 75


 D+* / +-%>& 7 (- (9  !-(> 96A- / C8>(9 (- >& %82& U2 ( U ( EEE( U. 
9A& >&> CD - UD 8 )-> /8 " / P / 7E
L@5 R5(>L[ 7M X(L[ UM(/U: 7< L(M@($R R> M5>Y7<4 M>;( 4(<(L: @L>@(LR7(M >/ R5(
4L@5 E

.. &62 4*''95 & -A,8 / D+*9 / +-%>& 7 (-  8/, U, >/ U- (9 >&
->8F (- 2/9(>(/- $4( 6% / >& ,>8(E  . 5
 $:>M(' :>>@ 7M  Y:9 R5R :('M /L>; < 7R(; <' $9 R> 7RM(:/D (<$(&  $:>M('
:>>@ >/ :(<4R5 7 Y7:: @@(L M  " 7< R5( '74><: >/  . />L ($5 X(LR(Z R5R 7M
@LR >/ R5( :>>@D 57M 47X(M < :4>L7R5; R> 0<' $:>M(' :>>@M 7<  /U:R @L>@4R7><
4L@5D

(18. &62 1139 1" -/'=( 7 */  "@-= 3813'=*1/ '83(


 %82& D(>&  C8>E U, &9 E>+F /- D+* * >/ (>9+ / +-%>& 7 ( - /-+F
( >& 4D+ (%/-+ ->8F /  . (9 15 & C8>E (- >& +//2 &9 (>79 (%/-+ ->8F
6A+ >/ "5
 C8>E U, >&> 28>((2>9 (- ? +/9 +//29 D(++ &C  (%/-+ ->8F (-  .
6A+ >/ ?5 & -A,8 ? D(++ (-+A 2/99(+ ,A+>(2+ 8/A-9 (-  +//2 ( (>9
+-%>& (9 - (->%8 8>(/- / 75

74><: (:(;(<RM >/  X(LR7$( 5(<$( M5>Y 5>Y ;<[ $:>M(' :>>@M >/ :(<4R5 7 >L
7O R5( X(LR7$( 7M @LR >/& Y5(L( 7M < 7<R(4(L <U;(LD 5( @>Y(L 7 >/  UM('
7< R5( $:$U:R7>< M5:: <>R (Z$((' R5( <U;(L >/ X(LR7$(M 7< R5( 4L@5D

6#(" +. %(/ %(()/ #'  2%1 ).() 1#(' .)!


 5`A] KWFK:]>FC :WK< >X >AA`X]W]., >C >:O 9ODO
<. ,>W.)]., ,?).C)g B]W>f >X  >C QO L9O^MO Fe.WX F5 ]<. ,?).C)g B]W>f W.
D[ 9O CAgX>X $X., FC )FBKFC.C]X C, W)<>].)]`W.




   


+ +%+  5`A] KWFK:]>FC :WK< .fBKA.O C. d.W]>). >X >CK`] LIM+
CF]<.W >X F`]K`] L7MO

$ + $ +
0 0 0 0 0 0 0 0 0 0 0 0
#  0 0  0  * # 0    0 0 *
# * # *
# 0  0 0 0 0 * #  0 0  0  *
#
#
*
*  #
#
*
* L9O^M
# 0   0 0 0 * #   0  0  *
" 0 0 0  0 0 ) " 0   0 0 0 )
0 0 0  0 0 0   0 0 0
$ + $ +
0 0 0 0 0 0 0 0 0 0 0 0
#  -   0  * # - -  + 0 - *
# * # *
# 0    0 0 * #  -   0  *
 #

#
*
*  #

#
*
*
#    - 0  * #  + - - 0  *
"   0  0  ) "    - 0  )
  0  0     - 0 
$ + $ +
0 0 0 0 0 0 0 0 0 0 0 0
# -  +  0 - * #  (  ) 0  *
# * # *
# - -  + 0 - * # -  +  0 - *

 #
#
*
*   #
#
*A
*
# +  -  0 + * #  )  ( 0  *
"  + - - 0  ) " +  -  0 + )
 + - - 0  +  -  0 +

<. ,>:FCA F5 ]<.  % B]W>f X<FeX ]<. XK.)>A )<W)].W>X]>)X*


  * I AFFK F5 A.C:]< _O ] >X %L_+9M&O

   * _ AFFKX ]<WF`:< _ C, 9+ FC. ]<WF`:< ^ C, [O <.g W. %L_+^+9M+L_+[+9M &O

  * _ AFFKX ]<WF`:< _ C, 9+ FC. ]<WF`:< ^ C, [O <.g W. %L9+_+9+_M+ L^+9+[+_M&O

 
* 9 AFFKX ]<WF`:< _ C, 9+ FC. ]<WF`:< ^ C, [O <.g W. %L_+^+9+_+9M+ L[+_+9+_+9M+
L_+9+[+_+9M+ L_+9+_+^+9M&O
A.B.C] L7+IM >C  % X<FeX 5FW e<>)< 4 ]<.W. >X  )FCC.)]>FC 5WFB >CK`] ]F F`]K`]O <.
X<FW].X] eA@ 5WFB >CK`] LIM ]F F`]K`] L7M <X A.C:]< ^+ X X..C 5WFB .A.B.C] L7+IM >C   O
] X<F`A, $. CF]., ]<] B`A]>KA. WF`C,X >C AFFKX W. >C,.., KW] F5 ]<. AFFK )F`C] 5FW 
d.W].f X X..C >C ]<. ,>:FCA .C]Wg F5 ]<.  % B]W>fO 
9O[ `A] KWFK:]>FC >C )AFX., AFFKX DZ

+0 4$1 *-(*1!(& !& $(. $((*.

5( /7:UL( ;>'( <' (//($RM <:[M7M M$5(;( />L  M(R >/ $>;@><(<RM $><<($R(' 7<
 $:>M(' :>47$: :>>@ 7M @L7<$7@::[ '(M$L7(' M
 &
' ( !,
%!,  $ ,
% ( E
%!
>>97<4 R R5( :>47$ >@(LR7>< >/ R57M (EUR7><& R5( M>:UR7>< 7M

$  ', ( $/!, % 7/ <' ><:[ 7/ % !  (4

%!, 
(  7/ <' ><:[ 7/ % !  ( (


Y5(L( % $
! 7M R5( MRR( @L7>L R> R5( $:$U:R7><& %!, R5( MRR( L(MU:R7<4 /L>; R5( $:6
$U:R7><D R 7M M((< R5R ><$( RL744(L('& R5( (//($R %!, L(;7<M @(L;<(<R:[ RLU(& :M>
/R(L R5( /U:R '7M@@(LMD 57M ;($5<7M; 7M  @(<:R[ >/ R5( >>:(< L(@L(M(<RR7><
>/ /U:RM <' R5(7L @L>@4R7><& <' R5( @L7$( />L R57M 7M R> 4(R  /MR R>>: />L  0LMR
<:[M7M >/ /U:R @L>@4R7><D
5(<  $:>M(' :>47$: :>>@ 7M @L(M(<R& Y( 5(<$( <((' R> $UR < @@L>@L7R( $><6
<($R7>< Y7R57< R5( :>>@ <' 7<X(MR74R( Y5(R5(L  HRLU(I M74<: 7<R> R5( L>9(< $><6
<($R7>< Y7:: @L>'U$(  HRLU(I R R5( >R5(L (<' >/ R5( $URD / R57M 7M R5( $M(& R5( :>>@
7M  RUR>:>4[ <' $< ( (:7;7<R('D / R5( HRLU(I 7< @L>'U$(M  H/:M(I R R5( >R5(L
(<' >/ R5( $UR& R5( :>47$: :>>@ 7M U<MR:( <' <> MR('[ MRR( M>:UR7>< (Z7MRMD (
R5(< <((' R> '(0<( R5( 7<@UR >/ R5( $UR M  <(Y 7<@UR 7< >UL /7:UL( ;>'( <' (/6
/($RM <:[M7M '(M$L7@R7>< >/ R5( M[MR(;& <' <:[M( R5( @L>@4R7>< >/ < 7;47<('
H/U:RI $><'7R7>< - HRLU(I /L>; R57M @>7<RD
5( <><6(Z7MR(<$( >/  :>47$: ;>'(: />L R57M $:>M(' :>>@ 7M <>R (EU7X:(<R R>
7<MR7:7R[ 7< R5( $><R7<U>UM ;>'(: L(@L(M(<RR7><& (Z$(@R 7< M(:($R(' $M(MD 5(
MR7:7R[ >/  $:>M('6:>>@ M[MR(; $<<>R ( '(R(L;7<(' /L>; R5( @L>@(LR7(M >/ <
>X(L6M7;@:70(' :>47$: ;>'(: >/ /U:R @L>@4R7><D
7<$( R5( (Z7MR(<$( >/ $:>M(' :>>@M 7M (MM(<R7: R> /U:R @L>@4R7>< <:[M7M& 
4L@56R5(>L[ R>>: Y7:: ( @L(M(<R(' R> '(R(L;7<( R5( (Z7MR(<$( <' :>$R7>< >/ MU$5
:>>@MD

&6;62 @==*/' =( -19 "@-= 3813'=*1/ -113

5( '7L($R(' '8$(<$[ ;RL7Z  <' @>Y(LM >/  U@ R> '(4L(( 7 M5>YM >R5 Y57$5
X(LR7$(M >/ R5(  4L@5 L( @LRM >/ $:>M(' :>>@M& 7/ <[& <' 7R 7</>L;M >< R5( @R5M
/L>; 7<@UR R> >UR@URD 5(<  :>47$: :>>@ $UR 5M R> ( ;'(& 7M M5>U:' ( ;'(
MU$5 R5R R5( @R5 /L>; 7<@UR R> >UR@UR L( <>R 7<R(LLU@R('& Y57:( $URR7<4 R5( L(:(X<R
:>>@AMBD 5( $UR 7M $><'U$R(' [ $URR7<4 < ('4(& '(0<7<4  <(Y 7<@UR <' >UR@UR
M <(('('D 5( XL7:(M MM>$7R(' Y7R5 R5( (ZRL A<(YB 7<@UR <' >UR@UR X(LR7$(M
7M 47X(< [ R5( XL7:(M MM>$7R(' Y7R5 R5( ('4( R5R YM $URD >47$ <:[M7M >/
R5( M[MR(; 7M $LL7(' >UR UM7<4 R5( <(Y 7<@UR M ''7R7><: /U:RMD 5( <(Y >UR@UR
7M >M(LX('D / R5( XL7:( A(//($RMB R R5( >UR@UR L( 7'(<R7$: Y7R5 R5( 7<@UR& R5(
D2 9O CAgX>X $X., FC )FBKFC.C]X C, W)<>].)]`W.

L(:R7>< 7M  RUR>:>4[ <' $< ( L(;>X(' /L>; R5( <:[M7MD / R5( L(MU:R 7M  :>47$
$><RL'7$R7><& R5( <(Y 7<@UR <(('M R> L(;7< 7< R5( <:[M7M& UR Y7R5>UR $:>M7<4 R5(
:>>@ 47<D
< $><$:UM7><& <:[M7M >/ $:>M(' :>>@M $< :Y ( '><( [ (ZR(<'7<4 R5( M[M6
R(; Y7R5 UZ7:7L[ /U:RMD

6#(" + !#) 1.$ ('1.(% " 2%1 ).() 1#('


<. KWFK:]>FC F5 5`A]X 5WFB ]<. ]W)@ .WWFW X.CXFW ]F ]<. ]W)@ )FC]WFAA.W W. >Cd.X]>:].,
>C ]<>X .fBKA.O

    

              
  

 
 

+ +'9+ WFK:]>FC F5 5`A]X ]<WF`:< ]<. ]W)@ .WWFW X.CXFW C,
]W)@ )FC]WFAA.W

,! ,,&, -$-&,+ C CAgX>X F5 ]<. ]W)@ .WWFW X.CXFW A.,X ]F ]<. 5FAAFe>C: >C].WCA
5>A`W. BF,.X
 - " * <W,eW. 5`A] )`X>C: $W`K] 5`A] LCF F`]K`] X>:CAM
<. >CK`] .55.)]X W. .55.)]X 5WFB F]<.W )FBKFC.C]X FW .f].WCA 5`A]X ]<] W. KWFK:]., ]F
]<. )FBKFC.C]O .W. .55.)]X 5WFB 5`A]X >C ]<.  W.).>d.W >X )FCX>,.W.,*
 *  *  X>:CA F55X.]
 * ! *  X>:CA `Cd>A$A.O
<. F`]K`] 5WFB ]<. ]W)@ .WWFW X.CXFW >X ]<. ]W)@ .WWFW X>:CAO .55.)]X W. ]W)@c.WWFW AFe
* + ]W)@c.WWFW <>:< * C, ]W)@c.WWFW `Cd>A$A. *! O
$ + $ + $ +
*   0 - "
" * )  "   0 ) " *  )
*! 0 0  * !

,! &$0,&"",+ C. >C].WCA 5`A] >C ]<. ]W)@ )FC]WFAA.W >X )FCX>,.W., >C ]<>X .fBKA.*
 - " * F5]eW. 5`A] )`X>C: )FCX]C] <.,>C: ,.BC, X>:CA X F`]K`]

$ + $ + $ +
*/ 0  0 0 - "
# */ * # 0 0  0 * # * *
# * # * # *
" */ )  " 0 0 0 0 ) " * )
*/  0 0  *!
FB$>C>C: ]<. FFA.C KWFK:]>FC B]W>).X 5FW ]<. ]W)@ .WWFW X.CXFW C, ]<. X]..W>C: )FC=
]WFAA.W A.,X ]F  ,.X)W>K]>FC F5 ]<. KWFK:]>FC F5 ]<. )FB$>C., 5`A] d.)]FWX 5FW ]<. ]eF
)FBKFC.C]X ]F ]<. F`]K`] F5 ]<. X]..W>C: )FC]WFAA.WO
9O[ `A] KWFK:]>FC >C )AFX., AFFKX DD

'
    
$ $ + +
0  0 0 $ +
#0 # 0   0
# #  0 *
*
*
 "0 " 0
"   0 )*
0 0 ) )
0 0 
 0 0 
$ +
0   0
# 0   0 *
 # *
" 0 0 0 0 )
 0 0 
<. W.X`A]>C: 5`A] KWFK:]>FC >X ]<.C
$ + $ + $ +
*/ 0   0 $ - " ! +
# */ * # 0   0 * # - " *
# * # * # *
" */ )  " 0 0 0 0 ) " " *  ) ) A 
*/  0 0  * !

&6;6? 9999./= 1" =( 9A8*=D 1" =( "@-= ""=9

5( $><M(EU(<$(M >/  /U:R L( 8U'4(' /L>; R5( 7;@:7$R7><M R5( (<'6(//($RM $>U:'
5X( >< M/(R[& >< X7:7:7R[ >/ R5( @:<R& >< (<X7L><;(<R (R$D  8U'4(;(<R >/
M(X(L7R[ M5>U:' ( ;'( >/ R5( @>MM7:( $>;7<R7>< >/ (<' (//($RM& $><M7'(L7<4 (<'6
(//($RM R5R $< L7M( /L>; <[ M7<4:( /U:RD 57M 5M M @L(L(EU7M7R( R5R  M7<4:(6/U:R
MMU;@R7>< 7M MU/0$7(<R />L R5( <:[M7MD
/  '>U:( /U:R 7M $><M7'(L('& R5( U<'(L:[7<4 :>47$ '(M$L7@R7>< >/ /U:R @L>@46
R7>< ;RL7$(M ;UMR MU@@>LR MU$5 <:[M7MD

&6;6> *9*1/ 1@= "@-= (/-*/'

5( 7;@:7$R7>< 7M R5R < UR>;R(' <:[M7M Y7:: <((' R> $><M7'(L $:>M(' :>>@M
M M@($7: $M(MD 5( 7<R(L@L(RR7>< >/  $:>M(' :>>@ 7< <  M$5(;( 7M ;(L(:[
R5( >M(LXR7>< R5R $:>M('6:>>@ >@(LR7>< ;[ ;@:7/[ >L RR(<UR( R5( (//($RM >/ 
/U:RD 57$5 >/ R5( RY> 5@@(<M '(@(<'M >< R5( '[<;7$: @L>@(LR7(M >/ R5( $><RL>:
:>>@ <' R57M EU(MR7>< 7M >URM7'( R5( M$>@( >/ R5(  <:[M7MD
5( $>;@><(<R M(' <:[M7M $< R5UM @L>X7'( >R5  :7MR >/ /U:R (//($RM <'
 MU44(MR7>< >/ Y5(L( 7<  M[MR(; /U:R @L>@4R7>< $< ( MR>@@('D < R5( '(M74<
;(R5>'& 7R 7M R5(< U@ R> R5( '(M74<(L R> (X:UR( R5( M(X(L7R[ >/ ($5 /U:R (//($R <'
'(R(L;7<( Y57$5 /U:R $$>;;>'R7>< $R7><M M5:: ( 7;@:(;(<R('D
5( EU(MR7>< 5>Y R> 5<':( /U:RM Y7:: ( '7M$UMM(' 7< 5@R(L OD
Iii 9O CAgX>X $X., FC )FBKFC.C]X C, W)<>].)]`W.

+/ 4$1 1($-& &$8.!.

U:R R>:(L<$( 7M '(0<(' M R5( @>MM77:7R[ >/ $57(X7<4  47X(< AM(R >/B >8($R7X(AMB
7< R5( @L(M(<$( >/  47X(< AM(R >/B /U:RAMBD < R5( 4(<(L7$ ;>'(:& >8($R7X(M <'
M(LX7$(M L( MM>$7R(' Y7R5 ($5 UM(6;>'(D 5UM& R5( M[MR(; 7M /U:R R>:(L<R 7< R5(
$ULL(<R UM(6;>'( M :><4 M M(LX7$(M Y57$5 ::>Y R> $57(X( R5( $ULL(<R >8($R7X(M
L( X7::( 7< R57M UM(6;>'(D
5(L(/>L(& R5( <:[M7M >/ /U:R R>:(L<$( L(MRM >< R5L(( @>7<RMD
?D L( R5(L( M(LX7$(M Y57$5 ::>Y R> $57(X( R5( $ULL(<R >8($R7X(MF
TD >Y L( R5(M( M(LX7$(M R> ( ;<4(' Y5(< /U:RM >$$ULF
SD >Y L( R5( UM(6;>'(M R> ( ;<4(' Y5(< /U:RM >$$ULF

&6:62 -=*1/ =B/ 98A*9 / 1+=*A9

5( 4(<(L7$ $>;@><(<R ;>'(: '(M$L7(M R5( <>L;: (5X7>UL >/ R5( M[MR(; $>;6
@><(<RM& R <[ 57(LL$57$: :(X(:& M7<$( 57456:(X(: $>;@><(<RM L( U7:R& />::>Y7<4
 >RR>;6U@ @@L>$5& /L>; R5( 44L(4R7>< >/ :>Y6:(X(: ><(MD
R R5( 5745(MR 57(LL$57$: :(X(:& R5( M[MR(; 7RM(:/ 7M ;>'(::(' M  M7<4:( $>;6
@><(<R& Y57$5 44L(4R(M :: R5( (:(;(<RL[ $>;@><(<RM& <' Y5>M( M(LX7$(M $>L6
L(M@><' R> R5( ;7MM7><M >L >8($R7X(M R5R 7R 5M R> $57(X(D 7//(L(<R 44L(4R7><
@R5M $< ( />::>Y(' (RY((< R5( 0(:' :(X(: AMM>$7R(' Y7R5 (:(;(<RL[ $>;@>6
<(<RMB <' R5( M[MR(; :(X(:D  <RUL: Y[ >/ U7:'7<4 R5( >RR>;6U@ 44L(4R7><
@L>$('UL( 7M R> ;9( UM( >/ R5( 7<RU7R7X( '($>;@>M7R7>< >/ R5( M[MR(; 7<R> MUM[M6
R(;M Y5>M( /U<$R7><M A<' M(LX7$(MB $< ( $:(L:[ '(0<('D

D9=. 3D8.*- 1.319*=*1/6 7(LL$57$: '($>;@>M7R7>< M@:7RM  M[MR(;


7<R>  M(R >/ MUM[MR(;M& Y57$5 $< R5(;M(:X(M ( /ULR5(L '($>;@>M('& ($5 MU6
M[MR(; (7<4 MM>$7R(' Y7R5  $:(L /U<$R7><: X7(Y@>7<RD >L (Z;@:(&  $5(;7$:
@L>$(MM $< ( '($>;@>M(' 7<R>
%  MUM[MR(; Y57$5 7;M R $><RL>::7<4 R5( @&
%  MUM[MR(; Y57$5 7;M R $><RL>::7<4 R5( :(X(:&
%  MUM[MR(; Y57$5 7;M R $><RL>::7<4 R5( R(;@(LRUL(D
5( @ $><RL>: MUM[MR(; ;[ ( /ULR5(L '($>;@>M(' 7<R> R5( X:X( $><RL>::7<4 R5(
$7' 7<2>Y& R5( X:X( $><RL>::7<4 R5( M( 7<2>Y <' R5( MR7LL ;>R>LD
7<$( M>;( $>;@><(<RM ;[ (:><4 R> M(X(L: MUM[MR(;M& 7R 7M $><X(<7(<R R>
UM(  @[L;7': '($>;@>M7R7>< A74D 3D1B Y5>M( <U;(L >/ :(X(:M 7M '($7'(' [ R5(
'(M74<(L M> M R> >R7< R5( X7(Y >/ R5( M[MR(; Y57$5 MU7RM 57; (MRD (R 9  " (
R5( :>Y(MR '($>;@>M7R7>< :(X(: AR5( :(X(: >/ R5( 0(:' $>;@><(<RMB <' 9  ? ( R5(
5745(MR '($>;@>M7R7>< :(X(: AR5( :(X(: >/ R5( M[MR(; 7RM(:/BD
9OZ `A] ]FA.WC). CAgX>X IiI

<@[L;7':'($>;@>M7R7><&R5(/>::>Y7<4@L>@(LR7(M5>:'$9, 1%%
% $5$>;@><(<R>/:(X(:94 "(:><4MR>R:(MR><($>;@><(<R>/:(X(:9D
% <[$>;@><(<R>/:(X(:97<$:U'(MR:(MR><($>;@><(<R>/:(X(:96?D

*'()-A- 98A*96 (R / ( R5( M(R >/ $>;@><(<RM ;>'(::(' R :(X(: 9&


$9  "( EEE( ?%& <' :(R & ) / <' 1 ) / $9 , 1%D (;(;(L R5R R5( M(LX7$(M
>/ 57456:(X(: $>;@><(<RM L( (5X7>ULM Y57$5 UM( R5( M(LX7$(M >/ R5( :>Y6:(X(:
$>;@><(<RM R5([ 44L(4R(D / $>ULM(& <>R <[ $>;7<R7>< >/ :>Y6:(X(: M(LX7$(M
;9(M M(<M(& <' 7R 7M <($(MML[& />L R5( MUM[MR(;M >/ R5( @[L;7': '($>;@>M76
R7>< R> ( $><M7MR(<R& R5R $>;@><(<R 1 ) / 7M 7<$:U'(' 7< $>;@><(<R & ) /
><:[ 7/ R :(MR ><( M(LX7$( >/ $>;@><(<R 1 7M UM(' 7< R :(MR ><( @L>4L; Y57$5
'(0<(M  M(LX7$( >/ $>;@><(<R & MM>$7R(' Y7R5  9<>Y< /U<$R7><: 7<R(L@L(RR7><D
<'(('& MM>$7R7<4 (:(;(<RL[ M(LX7$(M R> '(0<(  57456:(X(: M(LX7$( 7M :Y L(6
:7M(' R> <MY(L  /U<$R7><: L(EU7L(;(<R >/ R5( @@:7$R7><D 5( M[MR(; @[L;7':
'($>;@>M7R7>< 7M 7< R57M $M(&  L(: 5(:@ R> '(0<( 57456:(X(: M(LX7$(M /L>; :>Y6:(X(:
><(MD
(R $1% ( R5( M(LX7$(M >//(L(' [  $>;@><(<R 1 ) / <' :(R & ) / ( R5(
44L(4R7>< >/  M(R >/ MU$5 $>;@><(<RMD (R
&A?M $&%  @) @A")# &A?M $M%
CKA) $&%  @) @A")# CKA) $M%E
>R( R5R &A?M$&%.CKA)$&% ;[ ( <><6(;@R[& M7<$( M>;( $>;@><(<RM 7< ;[
$><MU;( XL7:(M @L>'U$(' [ M>;( >R5(L ><(MD >R( :M> R5R <[ L(:R7>< (RY((<
 MUM(R >/ XL7:(M >/ &A?M$&% <'  MUM(R >/ XL7:(M >/ CKA)$&% $< ( >R7<('
M R5( L(MU:R >/  @L>4L; UM7<4 R5( M(LX7$(M >/ @) $1%D / R5(L( (Z7MRM MU$5 
L(:R7>< Y57$5 ;9(M M(<M( /L>;  /U<$R7><: @>7<R >/ X7(Y 7< R5( M[MR(;& R5(< R5(
MUM[MR(; & ) / $< ( $L(R(' R :(X(: 9 <' R5( @L>$('UL( Y57$5 (MR:7M5(M MU$5
 L(:R7>< $< ( '(0<(' M  M(LX7$( >/ R5( 44L(4R(' $>;@><(<R &D >R( 0<::[
R5R R5(L( ;745R (Z7MR M(X(L: MUM(RM >/ $>;@><(<RM 7< <' M(X(L: @L>$('UL(M
Y57$5 (MR:7M5 R5( M;( L(:R7>< (RY((< R5( >X( ;(<R7><(' XL7:(MD 5(<&
R5( M(LX7$( (Z7MRM U<'(L M(X(L: X(LM7><MD 5( M(R >/ :: R5( X(LM7><M >/  M(LX7$(
Y57$5 $< ( >R7<(' [ 44L(4R7>< >/ :>Y(L :(X(: ><(M $< ( />U<' 7<  LR5(L
UR>;R(' Y[& />L M7;@:( 97<'M >/ @L>4L;M $>;@>M(' >/ M(EU(<$(M <' @L::(:
(Z($UR7><MD
<$( R5( M(LX7$(M >/ R5( MUM[MR(;M 5X( ((< '(R(L;7<(' R <[ :(X(: A7<$:U'7<4
R5( >X(L:: M[MR(; :(X(:B& R5( >L'(L7<4 >/ R5( X(LM7><M 7M :(/R R> R5( '(M74<(LD

6#(" +% # !"%3% . 2%1#(' /.3#


FCX>,.W ]<. ]<W.. 5FAAFe>C: AFe=A.d.A )FBKFC.C]X*

 / >X ]<. ].BK.W]`W. X.CXFW+ e<FX. B.X`W.B.C] X.Wd>). >X ,.6C., $g


- ' GFIL ' *;!#5* ' G*I 0
7 N' N'
e<.W. N >X ]<. )]`A ].BK.W]`W.+ N >X >]X .X]>B]. KWFd>,., $g ]<. X.CXFW+ - >X ]<. KWF).=
,`W. e<>)< >X `X., ]F KWF,`). ]<. .X]>B].* N  - N!O <. W.Q`.X]+ .C$A>C: )FC,>]>FCX
C, W.XF`W).X W. CF] F5 >C].W.X] <.W.O
Ii_ 9O CAgX>X $X., FC )FBKFC.C]X C, W)<>].)]`W.

 / >X ]<. )FC]WFAA.W+ e<FX. )FBK`]]>FC X.Wd>). >X ,.6C., $g


7 N' N !' P' - ' GFIL ' *;!#5* ' G*I 0
e<.W. N  >X ]<. ].BK.W]`W. X.]=KF>C]+ P >X ]<. )FC]WFA X>:CA+ C, - >X ]<. KWF).,`W. e<>)<
>X `X., ]F KWF,`). ]<. )FC]WFA X>:CA* P  - N' N !O
 / >X ]<. )]`]FW+ e<FX. <.]>C: X.Wd>). >X ,.6C., $g
7 P' D' - ' GFIL ' *;!#5* ' G*I 0
e<.W. P >X ]<. )FC]WFA X>:CA+ D >X ]<. ,.A>d.W., <.]>C: KFe.W+ C, -  >X ]<. KWF).,`W.
e<>)< >X `X., ]F KWF,`). ]<. <.]>C: KFe.W* D  - P!O
FCX>,.W>C: ]<. X.]  / ' / ' /  X  )C,>,].
 5FW ::W.:]>FC >C]F FC.
 <>:<.W=
A.d.A )FBKFC.C] %+ ]<. $Fd. X.]X W. %=;I %!  N' N' N ' P C, ?G=( %!  N' P' D +
5WFB e<>)< >] >X X..C ]<] ]<. X>BKA. KWF:WB X.Q`.C). TB.X`W.+ )FBK`].+ )]`].U )C
KWFd>,.  W.A]>FC $.]e..C N' N  C, D+ e<FX. 5`C)]>FCA >C].WKW.]]>FC >X F5 )F`WX. ]<] F5 
TW.:`A]>FCU X.Wd>).O
FW.Fd.W+ CF]. ]<] >5 ]<. B.X`W.B.C] X.Wd>). >X KWFd>,., .O:O `C,.W 5F`W d.WX>FCX LX
>C ]<. 5FAAFe>C: .fBKA.M+ C, ]<. <.]>C: X.Wd>). >X KWFd>,., `C,.W ]eF d.WX>FCX+ ]<.C ]<.
W.:`A]>FC X.Wd>). >X KWFd>,., `C,.W .>:<] ,>55.W.C] d.WX>FCXO 

&6:6? /'./= 1" 98A* A89*1/9

><M7'(L  M(LX7$(
  M R R5( M[MR(; :(X(:D R 7M  M(R >/ @L(6>L'(L(' X(LM7><M M 
M- ( 6 ) $M% D $5 X(LM7>< $< ( UM(' />L R5( M;( @UL@>M(& <;(:[ R> $57(X(
R5( M[MR(; >8($R7X(AMB 7<  47X(< UM(6;>'(& UR R5( @L(6>L'(L7<4 (Z@L(MM(M  @L(/6
(L(<$( (RY((< R5(;D
Y> $><'7R7><M 5X( R> ( /U:0::(' />L M(LX7$( X(LM7><M R> ( (<:(' R M>;(
47X(< R7;(D 7LMR& R5( M(LX7$( ;UMR (:><4 R> R5( :7MR >/ M(LX7$(M >/ R5( $ULL(<R UM(6
;>'(D 57M 7M  MRL745R/>LYL' $><'7R7><& Y57$5 7<MUL(M R5R ><:[ M(LX7$(M $><M7M6
R(<R Y7R5 R5( $ULL(<R >8($R7X(M $< ( LU<D
5( M($><' $><'7R7>< 7M L(:R(' Y7R5 /U:RMD U@@>M( M>;( L(M>UL$( /L>; R5( M(R
K+M- 7M '(R($R(' /U:R[ [ R5( /U:R '74<>M7M @L>$('UL( R R7;( PD 5(<& >X7>UM:[&
LU<<7<4 R5( X(LM7>< M- >/ R5( M(LX7$( M Y>U:' @L>'U$( 7<$>LL($R X:U(M >/ R5( XL76
:(M CKA)& <' R57M M5>U:' ( />L7''(<& @URR7<4 +?"$9+-  4E >R( R5R R57M ;745R
( 7;@>MM7:(& M7<$( /U:RM ;745R 5X( (X(L6:MR7<4 '(:7X(L[ >/ M>;( M(LX7$( M 
$><M(EU(<$(D

6#(" +'9 '3#%% ' 3."%/1#' /.3#/


.]  c=?*; C,  c%5=I* $. ]eF X.Wd>).X ,.A>d.W., $g C FC\F55 dAd.+ C, X`KKFX. ]<] ]<.
dAd. >X $AF)@., )AFX.,O <.C+ ]<. X.Wd>).  c=?*; $.)FB.X `Cd>A$A. e<>A. ]<. X.Wd>).
 c%5=I* >X K.WBC.C] >C ]>B.O 

5UM& R5( $><M(EU(<$( >/ /U:RM 7M R5R M>;( M(LX7$(M ($>;( @(L;<(<R 7< R7;(&
Y57:( M>;( >R5(LM (Z7MR U<'(L  <U;(L >/ X7::( X(LM7><M Y57$5 '(@(<' >< R5(
L(;7<7<4& <><6/U:R[ L(M>UL$(MD 5( MRRUM >/ R5(M( M(LX7$( >X7>UM:[ '(@(<'M ><
R5( <U;(L >/ X7::( X(LM7><M& $$>L'7<4 R> R5( />::>Y7<4 $:MM70$R7><%
9OZ `A] ]FA.WC). CAgX>X Ii^

% R:(MR><(X(LM7><7MX7::(%R5(M(LX7$(7MX7::(&
% <>X(LM7><7MX7::(%R5(M(LX7$(7MU<X7::(D
>R(R5RY5(<;>L(R5<><(X(LM7><7MX7::(&R5(:>Y(MRL<9X(LM7><>/R5(
M(LX7$(AY57$57MR5(;>MR@L(/(LL(';><4R5(X7::(><(MB7MR>(LU<Y5(<R5(
M(LX7$(7ML(EU(MR('D>R(:M>R5RR5(M(X(L7R[>/R5(/7:UL(>/47X(<L(M>UL$(Y7R5
L(M@($RR>R5(M(LX7$($<((X:UR('[$>U<R7<4R5(<U;(L>/X(LM7><MY57$5
MR7::L(X7::(/R(LR5(/7:UL(5M>$$ULL('DL(M>UL$(/>LY57$5R57M<U;(L
7M\(L>&>LY5>M(/7:UL($UM(MR5(M(LX7$(R>LU<@(L;<(<R:[7<R7;(7M$::('
8(>(+89/A8D

6#(" +'' ' &'1 ( /.3# 3./#('/ #' ' #'1%%# '1 /'/(.
FCX>,.W :>C ]<. 0<C;01@ X.Wd>). F5 ]<. ].BK.W]`W. X.CXFW C, X`KKFX. >] >C)A`,.X
]eF W.,`C,C] ]WCX,`).WX C, C F$X.Wd.WO .]
T L!  S L! # + L!' + L! 4  0' J !
T L!  S L! # + L!' + L! 4  0' J !
$. ]<. ]eF AF)A B.X`W.B.C] .Q`]>FCX+ C,
T L!  - U L!' U L!!
$. ]<. F$X.Wd.W A:FW>]<B+ e<.W. U L!' U L! W. W.BF]. B.X`W.B.C]X F$]>C., 5WFB  AF)A
W. C.]eFW@ )FBB`C>)]>FC L M XgX].BO <. 5FAAFe>C: ]$A. :>d.X ]<. ,>55.W.C] d.WX>FCX
F5 ]<. 0<C;01@ X.Wd>). e<>)< W. KWFd>,., $g ]<>X X.CXFW+ AFC: e>]< ]<.>W WC@>C:O

AXX WF).,`W. `A] X>]`]>FC



0 T L!  3 3
J T L! # J T L!! CF 5`A]
 T L!  T L!  F@O+  5`A]g+ \ F@O
 T L!  T L!  F@O+  5`A]g+ \ F@O
- T L!  T L!  C,  FW \ 5`A]g+  F@O

`KKFX. ]<. B.X`W.B.C] W.Q`.X] >X >XX`., $g ]<. XgX].B )AF)@ ))FW,>C: ]F XFB. XBKA>C:
K.W>F,+ C, ]<] ]<. B.X`W.B.C] X.Wd>). >X )FCX>X].C] e>]< ]<. )`WW.C] `X.=BF,.O <.C+ >] e>AA
$. KWFd>,., `C,.W d.WX>FC i >5 $F]< ]WCX,`).WX W. FK.W]>C: e.AA+ C, `C,.W d.WX>FC I >C ]<.
KW.X.C). F5  X>C:A. ]WCX,`).W 5`A] LCF]. ]<] ]<. ]eF d.WX>FCX I W. B`]`AAg .f)A`X>d.+ XF
]<] CF )FC8>)] >X KFXX>$A.MO 5 ]<. AF)A CAF: ]F >:>]A FCd.W].W LM 5>AX+ d.WX>FC _
)C X]>AA $. `X.,+ C, ]<. X.Wd>). e>AA $.)FB. `Cd>A$A. FCAg e<.C AF)A B.X`W.B.C]X C,
6.A,$`X )FBB`C>)]>FC e>AA $. AA 5`A]gO .B>C, ]<] ]<. AF)A  eX  )W>]>)A W.XF`W).
e<.C CF F$X.Wd.W eX >C)A`,., >C ]<. X.CXFWO F]. AXF ]<] d.WX>FC _ F5 ]<. B.X`W.B.C]
X.Wd>). B>:<] $. B`)< BFW. `CKW.)>X. ]<C d.WX>FCX i C, I+ ]<`X ]<. X.Wd>). eF`A, $.
,.:W,., e<.C ]<>X d.WX>FC >X `X.,O Fe.d.W+ >] eF`A, X]>AA $. )).K]$A.+ F]<.We>X. d.WX>FC
_ X<F`A, C.d.W <d. $..C >C)A`,., >C ]<. A>X] F5 d.WX>FCX $g ]<. ,.X>:C .C:>C..WO 

&6:6> /'./= 1" 138=*1/ .19

(;(;(L R5R R5( M(R >/ M(LX7$(M 7M >L4<7M(' 7<R> UM(6;>'(M& Y5>M( (5X7>UL
7M '(M$L7(' [  '(R(L;7<7MR7$ UR>;R><D (R $( Q( =2 % ( R5( UM(6;>'( U6
R>;R>< R R5( M[MR(; :(X(:
Ii9 9O CAgX>X $X., FC )FBKFC.C]X C, W)<>].)]`W.

%   #=, ( 4 ) 2 $ 7M R5( M(R >/ R5( UM(6;>'(MD (;(;(L R5R ($5 >/ R5(M(
;>'(M =, 7M MM>$7R(' Y7R5 R5( M(R >/ R5( M(LX7$(M , <  [ Y57$5 7R 7M '(0<('&
% Q  #Q,- ( 4( 6 ) 2 $ 7M R5( M(R >/ RL<M7R7><M&
% =2 7M R5( 7<7R7: UM(6;>'(D

8*=*- 98A*96 < R57M $5@R(L& UM(6;>'(M 5X( ((< /ULR5(L MM>$7R(' Y7R5 >6
8($R7X(M Y57$5 5X( R> ( /U:0::(' R5<9M R> R5>M( M(LX7$(MD (R , (  M(R >/ >8($6
R7X(M MM>$7R(' Y7R5 UM(6;>'( =, D M :><4 M R5( M(R >/ M(LX7$(M , <  MM>$7R('
Y7R5 =, L( X7::(& R5( >8($R7X(M , $< >X7>UM:[ ( $57(X(' A>R5(LY7M(& R5(
$>;@><(<R Y>U:' ( 7<$><M7MR(<R:[6'(M74<('BD >R( R5R R57M 7M RLU(& [ '(0<7R7><&
Y5R(X(L R5( X(LM7>< >/ R5( M(LX7$(D (LM7><M >/ 5745 L<9 @L>X7'( '(4L'(' M(LX7$(&
R5UM $57(X7<4 R5( >8($R7X( 7<  '(4L'(' UR MR7:: $$(@R:( ;<<(LD / <>R& R5(
X(LM7><M >/ R5R L<9 M5>U:' <>R 5X( ((< 7<$:U'(' 7< R5( :7MR >/ @>MM7:( X(LM7><M
>/ R5( M(LX7$(D
U@@>M( <>Y R5R M>;( /U:R 5M >$$ULL(' MU$5 R5R M>;( M(LX7$(M >/ , ($>;(
U<X7::( >L LU< @(L;<(<R:[D 5(< M>;( >8($R7X(M >/ , ;745R ($>;( 7;@>M6
M7:( R> $57(X(D (R 8(>(+ 98C(9 ( M(LX7$(M Y5>M( U<X7:7:7R[ >L @(L;<(<R
LU<<7<4 7;@:7(M R5R R :(MR ><( >8($R7X( >/ R5( ;>'( R> Y57$5 R5([ (:><4 $<6
<>R ( $57(X('D 5(<& R5( $( Q( =2 % UR>;R>< ;>'(: 7M (ZR(<'(' M />::>YM%
  #=, ( 4 ) 2 $ 7M R5( M(R >/ R5( UM(6;>'(MD $5 ;>'( =, 7M MM>$7R(' Y7R5
R5( M(R >/ >8($R7X(M , <' R5( M(R >/ R5( M(LX7$(M , <  Y57$5 7M '($>;@>M(' 7<R>
,  ,! @ ,4! & Y5(L( ,! L( R5( $L7R7$: <' ,4! L( R5( U<$L7R7$: ><(MD

6#(" +'2 .#1#% /.3# #' 1! /#' %"1'$ /6/1&


FCX>,.W ]<. X>C:A.=]C@ XgX].B :>d.C >C ]<. >C]WF,`)]>FC+ `X., >C  5FF, >C,`X]Wg $])< KWF=
,`)]>FC KWF).XX+ C, X`KKFX. ]<. )`WW.C] `X.=BF,. >X  * KWF).XX>C: ]<. $])<O C ]<]
`X.=BF,.+ ]<. XgX].B F$?.)]>d. >X ]F W.:`A]. ]<. ].BK.W]`W.+ C, ]<. W.:`A]>FC X.Wd>). >X
]<`X  )W>]>)A W.XF`W).+ X>C).  F$?.)]>d. )CCF] $. )<>.d., >5 ]<>X X.Wd>). >X AFX]O 

=D*/' */  .16 ><M7'(L R5( M[MR(; >@(LR7>< 7<  47X(< $ULL(<R UM(6;>'(&
<' MU@@>M( /U:RM >$$UL Y57$5 $UM( R5( :>MM >L @(L;<(<R LU<<7<4 >/ M(LX7$(M
AL(;(;(L R5R M :><4 M R :(MR ><( M(LX7$( X(LM7>< 7M X7::(& R5( M(LX7$( 7M
<>R :>MRBD 5(< <><6$L7R7$: M(LX7$(M L( :>MR >L LU< @(L;<(<R:[& R5( M[MR(; $<
>X7>UM:[ L(;7< 7< R5( $ULL(<R UM(6;>'(& M7<$( R57M UM(6;>'( >8($R7X(M $< MR7::
( $57(X(' 6 (X(<RU::[ 7<  '(4L'(' ;<<(L 6 <' R5UM R5( M[MR(; 7M /U:R R>:(L<R
Y7R5 L(M@($R R> R5( $ULL(<R >8($R7X(M <' R5( $ULL(<R /U:R M7RUR7><D
< R5( $><RLL[& Y5(< $L7R7$: M(LX7$(M >/ R5( $ULL(<R UM(6;>'( L( :>MR >L LU< @(L6
;<(<R:[& R5( >8($R7X(M MM>$7R(' Y7R5 R5R UM(6;>'( $< <> :><4(L ( $57(X('&
<' R5( M[MR(; 7M R> ( 47X(< >R5(L >8($R7X(MD 57M MRLR(4[ 7M $::(' < >8($R7X(
L($><04ULR7>< MRLR(4[D 5( ><:[ Y[ 7R $< ( 7;@:(;(<R(' 7M [ 0L7<4  RL<M7R7><
R>YL'M <>R5(L UM(6;>'(& Y5>M( >8($R7X(M Y7:: ($>;( R5( $ULL(<R ><(M A/>L (Z6
;@:( $5<4( R5( @L>'U$R7>< L($7@(& >L MR>@ R5( @L>'U$R7>< <' RL<M/(L R5( M[MR(;
R>  M/( MRR(& 7< Y57$5 ;7<R(<<$( $< ( U<'(LR9(<BD
9O2 f.W)>X.X Ii7

< 4(<(L:& M(X(L: >R5(L UM(6;>'(M $< ( L($5(' /L>; R5( $ULL(<R ><(& <' R5(
$5>7$( >/ R5( '(MR7<R7>< UM(6;>'( A7D(D >/ R5( <(Y M[MR(; >8($R7X(MB 7M  '7/0$U:R
'($7M7>< @L>:(;& Y57$5 5M R> ( $><M7'(L(' 7< R5( M[MR(; '(M74< MR4(D <:(MM
R5( M[MR(; >8($R7X(M $< ( L<9(' $$>L'7<4 R>  R>R: >L'(L7<4 L(:R7><& R5( M>:U6
R7>< R> R5R @L>:(; $< 7< 4(<(L: ><:[ ( @LR7::[ UR>;R('& R5UM :(X7<4  X(L[
7;@>LR<R L>:( R> 5U;< >@(LR>LM 7< /U:R M7RUR7><MD

8/9*=*1/9 =B/ .196 5(< >8($R7X( L($><04ULR7>< 7M <($(MML[& R5( M[M6


R(; 7M $>;;<'(' R> <>R5(L UM(6;>'( Y5>M( >8($R7X(M Y7:: ($>;( R5( <(Y ><(MD
5( M[MR(; M5>U:'& >X7>UM:[& ( :( R> $57(X( R5(M( <(Y >8($R7X(M& Y57$5 ;(<M
R5R 7< R5( '(MR7<R7>< UM(6;>'(& <> $L7R7$: M(LX7$( 7M U<X7::( <>L 7M @(L;<(<R:[
LU<<7<4 M  L(MU:R >/ R5( $ULL(<R /U:R M7RUR7><D
57M L(;L9 7M :M> X:7' Y5(< R5( RL<M7R7>< '>(M <>R />::>Y /L>; < >8($R7X(
L($><04ULR7>< MRLR(4[ UR /L>; R5( <>L;: >@(LR7>< >/ R5( M[MR(;D

+ 7-!..

6,- +' 2%1 ).() 1#(' '%6/#/ (. #'2/1.#% 121(.


FCX>,.W ]<. )FBKFC.C] $AF)@ ,>:WB F5 ]<. KFX>]>FC X.WdF X<FeC >C >:O 9OIIO <. $AF)@X
>C ]<. 6:`W. W. BF]FW+ BKA>6.W+ )FC]WFAA.W+ KF].C]>FB.].W+ :.W C, W.5.W.C).O






     


 
  

  
   
  
     
  

  

+ +''+ FBKFC.C] ,>:WB 5FW XK.., AFFK KW] F5 ]<. >C,`X]W>A
)]`]FW

IO FCX]W`)]  5`A] KWFK:]>FC B]W>f , 5FW ]<. KF].C]>FB.].W L`X. ]<.   B]W>f
5WFB KO[2MO X. C:A. X >CK`] C, dFA]:. Q ] ].WB>CA  X F`]K`]O FCX>,.W FCAg ]<.
5`A] -, + e<>)< >C,>)].X ]<. $WF@.C e>W. ] O
_O X>C: ]<. $Fd. 6:`W.+ ,.6C. ]<. )FBKFC.C] W)<>].)]`W. >C 5FWB F5 ]<. ,>W.)]., ,?=
).C)g B]W>f O
^O .].WB>C. e<>)< CF,. >X C >CK`] CF,. 5WFB ]<. ,?).C)g B]W>fO
Ii[ 9O CAgX>X $X., FC )FBKFC.C]X C, W)<>].)]`W.

9O .].WB>C. ]<. C`B$.W F5 )AFX., AFFKX C, ]<. A.C:]< F5 ]<.X.O


<. )FB$>C., 5`A] KWFK:]>FC B]W>f 5FW BF]FW C, BKA>6.W >X ,.6C., $g >CK`] C,
>C].WCA 5`A]X*
- AFe :>C >C BKA>6.W
-' $W`X< KW]>A ,>X)FCC.)]
* AFe >CK`] )FBBC,
* <>:< >CK`] )FBBC,
* 8`)]`]>C: >CK`] )FBBC,
F`]K`]*
*) AFe F`]K`] XK..,
*) <>:< F`]K`] )FBBC,
*) 8`)]`]>C: F`]K`] XK..,
*) F`]K`] XK.., CF] W.A]., ]F >CK`] )FBBC,
$ +
   0 0
# 0 0 0  0 *
' #
" 0
*A
 0 0  )
  0 0 0
>]<F`] 5`W]<.W .fKAC]>FC+ XX`B. ]<] ]<. :.W <X ]<. KWFK:]>FC B]W>f
$ +
 0 0 0
# 0  0 0 *
!  #
" 0
*A
0  0 )
0 0 0 
7O .].WB>C. ]<. 5`A] KWFK:]>FC 5WFB 2 ]F N' ' `X>C: ' ' ! C, , A
[O FBK`]. ]<. >Cd.WX. 5`A] KWFK:]>FC B]W>f+ >.O F$X.Wd. ]<. .C, .55.)]X FC N ' C, X..
e<>)< 5`A]X FW >CK`] .55.)]X )F`A, )`X. ]<. .C, .55.)]XO 

6,- +2 (&)(''1"/ '%6/#/ ( 11.6 !. .


 $]].Wg )<W:.W )FBKFC.C] ,>:WB >X :>d.C X X<FeC >C >:O 9OI_O <. $.<d>F`WX F5 ]<.
>C,>d>,`A )FBKFC.C]X W. CF] @CFeC >C ,.]>A $`] W. :>d.C X
3G; <@( 01 C;;1@  ( / / ! ,  ' 0!
C;;1@ 31@;3/ (  -#  ,  !
3/@( 31@;3/   -9  ,  !
C;;1@ <1<3;  
L9O9M
3/@( <1<3;   
;1<<  

5
@@;I F3/@(   
 L! (L' " 5 0A(A
$

IO .6C. FC. 5`A] 5FW .)< F5 ]<. )FBKFC.C]X*  )FCd.W].W+ )FC]WFAA.W $AF)@ L)`WW.C]
C, dFA]:. )FC]WFAM+ )`WW.C] X.CXFW+ dFA]:. X.CXFWO XX`B. ]<] ]<. X`KKAg dFA]:. C,
$]].Wg )CCF] 5>AO
9OD >$A>F:WK<>)A CF].X IiZ

 

  




       

         

 
  
  
           
             

  
  

+ +'2+ FBKFC.C] ,>:WB F5 $]].Wg )<W:.W

_O .].WB>C. ]<. 5`A] KWFK:]>FC B]W>).X 5FW ]<.X. )FBKFC.C]XO


^O .].WB>C. ]<. )AFX., AF:>)A AFFKX >C ]<. $]].Wg )<W:.WO
9O `] ]<. AFFK ] ]<. X>:CA ( C, ,.].WB>C. e<.]<.W ]<. AF:>)A AFFK <X  XFA`]>FCO 5
CF]+ ,.6C. ( X C C)>AAWg >CK`]O
7O .].WB>C. ]<. .C, .55.)]X LFC  C,  M 5FW ]<. 5`A]X gF` ,.6C.,O
[O fKW.XX ]<. >Cd.WX. KWFK:]>FC C, A>X] ]<. .C, .55.)]XO
ZO `::.X] <Fe  5`A] >C ]<. )`WW.C] X.CXFW )F`A, $. ))FBBF,].,O 

+' !$!(-*!$ &(1.


X>) $>$A>F:WK<>)A CF].X FC W)<>].)]`W. C, :.C.W>) )FBKFC.C] BF,.AX <d. $..C :>d.C >C
<K].W _O `W]<.W BF,.AA>C: .f].CX>FCX <d. $..C KWFd>,.,+ 5FW ]<. ,.X)W>K]>FC F5 )FBKA.f
>C].W)FCC.)]., XgX].BX+ $g ]<. $F]]FB=`K KWF).,`W. e<>)< AAFeX ]F $`>A, <>:<=A.d.A ,.d>).X
$g ]<. >C].W)FCC.)]>FC F5 AFe=A.d.A FC.XO <>X KWF).,`W. <X $..C ,.d.AFK., >C '^I(+ '^_(O
`A] ,.].)]>FC C, <>.WW)<>)A ,] dA>,]>FC <X $..C >C]WF,`)., >C 'Z(+ '9i(+ '__2(+
e<>A. AWB 6A].W>C: KKA>)]>FCX <d. $..C )FCX>,.W., >C 'IDi(O
>A`W. BF,.X C, .55.)] CAgX>X >X  )AXX>)A C, e>,.Ag `X., ]FFA >C >C,`X]Wg 'D^(O W.=
X.C]]>FC F5  B]W>f 5FWB`A]>FC X`>]., 5FW )FBK`]]>FCA ]W.]B.C] F5   X)<.B.X eX
6WX] KW.X.C]., $g 'I__(O <. 5`A] KWFK:]>FC CAgX>X eX KWFKFX., >C 'I7( C, 5`W]<.W
.A$FW]., >C '_7(O  KWF]F]gK. )FBK`]]>FCA ]FFA eX ,.d.AK., >C 'IZ(O
`A] ]FA.WC). >C ,>X]W>$`]., XgX].BX >X B>CAg $X., FC BF,`AW BF,.AX 'Ii2(O <.
:.C.W>) )FBKFC.C] BF,.A <X $..C `X., 5FW ,.6C>C: ]<. 5`A]g W.XF`W).X BC:.B.C] C,
]<. BF,. BC:.B.C] Ag.WX 'Ii(+ 'Z^(O <. W.)FC6:`W$>A>]g CAgX>X <X $..C ,.d.AFK.,
BFW. W.).C]Ag 'Z9(+ 'Z7(+ 'I7i(+ '__D(O
gX].B]>) CAgX>X F5 5`A] KWFK:]>FC 'I7(+ '_7( eX X<FeC ]F $. C .XX.C]>A ]FFA 5FW
,.].WB>C]>FC F5 X.d.W>]g F5 5`A] .55.)]X C, 5FW XX.XXB.C] F5 W.B.,>A )]>FCX .WAg >C ]<.
Ii2 9O CAgX>X $X., FC )FBKFC.C]X C, W)<>].)]`W.

,.X>:C K<X.O  X.BC]>)X 5FW X.Wd>).X $X., FC :.C.W>) )FBKFC.C] BF,.AX eX ,.d.AFK.,
>C 'Z[(+ '_^I( C,  :WK<>) CAgX>X eX 5F`C, ]F $. d.Wg `X.5`AO

 

%"(%("   +##

( "*' ,(( * (*',*,' '" *! (' * '*  *'*! (
!  * ( (# ( '" ( ,( *!  0( * ',  ( .
  /"!* !' ,*  !((   ! *'! '! ,'*! # ,*( '
 *'"'* ( -!*! ! ! (*' *(#   0(( (!.( !. !"!  *
,*( . "0 * -!*! ! (  ! (*' *(   !,  0
     ,*(  ""'!"'* ',  0 '*! (#

+) &1-(41!(&
57M $5@R(L 7<X(MR74R(M R5( MRLU$RUL: @L>@(LR7(M >/ '[<;7$: M[MR(;M [ <:[M7<4
R5(7L MRLU$RUL: ;>'(:D 5( MRLU$RUL: ;>'(: >/  M[MR(; 7M < MRL$R7>< >/ 7RM (6
5X7>UL ;>'(: 7< R5( M(<M( R5R ><:[ R5( MRLU$RUL( >/ R5( $><MRL7<RM& 7D(D R5( (Z7M6
R(<$( >/ :7<9M (RY((< XL7:(M <' @L;(R(LM 7M $><M7'(L(' <' <>R R5( $><MRL7<RM
R5(;M(:X(MD 5( :7<9M L( L(@L(M(<R(' [  ('28>(> %82&& Y57$5 7M 7<'(@(<'(<R >/
R5( <RUL( >/ R5( $><MRL7<RM <' XL7:(M AEU<R7RR7X(& EU:7RR7X(& (EUR7><M& LU:(M&
(R$DB <' >/ R5( X:U( >/ R5( @L;(R(LMD 57M 7<'((' L(@L(M(<RM  EU:7RR7X(& X(L[
:>Y :(X(:& (M[ R> >R7<& ;>'(: >/ R5( M[MR(; (5X7>ULD
RLU$RUL: <:[M7M 7M $><$(L<(' Y7R5 R5( @L>@(LR7(M >/ R5( M[MR(; MRLU$RUL( ;>'(:&
Y57$5 L(M>LRM R> R5( <:[M7M >/ 7RM 76@LR7R( 4L@5D M R57M 4L@5 7M 7<'(@(<'(<R >/
R5( X:U( >/ R5( M[MR(; @L;(R(LM& MRLU$RUL: @L>@(LR7(M L( RLU( :;>MR (X(L[Y5(L(
7< R5( M[MR(; @L;(R(L M@$(D
< M@7R( >/ R5(7L M7;@:7$7R[& MRLU$RUL: ;>'(:M $< @L>X7'( ;<[ UM(/U: 7</>L;R7><
/>L /U:R '74<>M7M <' /U:R6R>:(L<R $><RL>: '(M74<& M7<$( MRLU$RUL: <:[M7M 7M :(
R> 7'(<R7/[ R5>M( $>;@><(<RM >/ R5( M[MR(; Y57$5 L( , >L L( <>R , ;><7R>L:(& R>
@L>X7'( '(M74< @@L>$5(M />L <:[R7$ L('U<'<$[ M(' L(M7'U:M& R> MU44(MR :L;
0:R(L7<4 MRLR(47(M& <' R> 7'(<R7/[ R5>M( $>;@><(<RM Y5>M( /7:UL( $< ( R>:(LR('
R5L>U45 L($><04ULR7><D
IIi 7O ]W`)]`WA CAgX>X

5( ;7< MMU;@R7>< 7M R5R ($5 $>;@><(<R 7M '(M$L7(' [ ><( >L M(X(L: $><6
MRL7<RMD (<$(& R5( X7>:R7>< >/ R :(MR ><( $><MRL7<R 7<'7$R(M R5R R57M $>;@><(<R
7M /U:R[D RLU$RUL: @L>@(LR7(M :(' R> <:[R7$ L('U<'<$[ M(' L(M7'U:M& Y57$5
@L>X7'( MU/0$7(<R $><'7R7><M />L R5( (Z7MR(<$( >/ M>;( /U:R Y7R57< M>;( $>;@>6
<(<R <'& R5UM& L(MU:RM 7<  M(R >/ @>MM7:[ /U:R[ $>;@><(<RMD
U( R> R57M MMU;@R7><& ;(L(:[ R5( ;>'(: >/ R5( <>;7<: M[MR(; 7M $><M7'(L(' 7<
R57M $5@R(L <' <> (Z@:7$7R /U:R ;>'(: 7M <($(MML[D
< R57M $5@R(L& MRLU$RUL: @L>@(LR7(M >/ 7<R(L(MR L(
% R5( 7'(<R70$R7>< >/ R5( ;><7R>L:( @LR >/ R5( M[MR(;& 7D(D R5( MUM(R >/ R5( M[M6
R(; $>;@><(<RM Y5>M( /U:RM $< ( '(R($R(' <' 7M>:R('&
% R5( @>MM77:7R[ R> '(M74< L(M7'U:M Y57$5 ;((R M>;( M@($70$ /U:R '74<>M7M L(6
EU7L(;(<RM& <;(:[ Y57$5 L( L>UMR A7D(D 7<M(<M7R7X( R> '7MRUL<$(M <' U<$(L6
R7<R7(MB& <' MRLU$RUL(' A7D(D M(<M7R7X( R> $(LR7< /U:RM <' 7<M(<M7R7X( R> >R5(LMB&
% R5( (Z7MR(<$( >/ L($><04ULR7>< @>MM77:7R7(M 7< >L'(L R> (MR7;R( AL(M@($R7X(:[ R>
$><RL>:B M>;( XL7:(M >/ 7<R(L(MR 7< $M( >/ M(<M>L& $RUR>L >L M[MR(; $>;@>6
<(<R /7:UL(MD
<MY(LM R> R5(M( EU(MR7><M L( @L>X7'(' [ R5( <:[M7M >/ R5( M[MR(; MRLU$RUL:
4L@5 <' 7RM $<><7$: '($>;@>M7R7><D < >L'(L R> 7<RL>'U$( R5( $<><7$: '($>;6
@>M7R7><& ;R$57<4M ><  76@LR7R( 4L@5 L( 0LMR @L(M(<R('& <' R5(7L 7<R(L@L(RR7><
7M 47X(<& 7<RL>'U$7<4 R5( 7'( >/ $UM:7R[ Y57$5 @L>X7'(M R5( 76@LR7R( 4L@5 Y7R5
< >L7(<RR7><D 5(< R5( $<><7$: '($>;@>M7R7>< >/ R5( M[MR(; MRLU$RUL: 4L@5 7M
@L(M(<R('& <' MRLU$RUL: >M(LX7:7R[ <' $><RL>::7:7R[ 7MMU(M L( '7M$UMM('D 5(
'(M74< >/ /U:R '74<>M7M M[MR(;M 7M ''L(MM(' [ R5( '(R(L;7<R7>< >/ L>UMR <'
MRLU$RUL(' L(M7'U:M& Y57$5 $< ( '(M74<(' />L R5>M( MUM[MR(;M 7< Y57$5 M>;(
L('U<'<$[ 7M @L(M(<RD 7<::[& /U:R R>:(L<$( 7MMU(M $><M7'(L R5( @>MM77:7R[ R> L(6
$><04UL( R5( M[MR(; 7< $M( >/ $>;@><(<R /7:UL(M& Y57$5 L(MRM >< R5( @(L;<(<$(
>/ R5( >M(LX7:7R[ <' $><RL>::7:R[ @L>@(LR7(M >/ R5( <><6/7:(' @LR >/ R5( M[MR(;D

+3 1-414-$ %($


$6?62 =8@=@8 9  *)38=*= '83(

57M M($R7>< 7<RL>'U$(M R5( MRLU$RUL: ;>'(: >/  M[MR(; M  76@LR7R( 4L@5 Y57$5
L(@L(M(<RM R5( :7<9M (RY((<  M(R >/ XL7:(M <'  M(R >/ $><MRL7<RMD R 7M < 6
MRL$R7>< >/ R5( (5X7>UL ;>'(:& ($UM( 7R ;(L(:[ '(M$L7(M Y57$5 XL7:(M L(
$><<($R(' [ Y57$5 $><MRL7<RM& UR 7R '>(M <>R M[ 5>Y R5(M( $><MRL7<RM :>>9 :79(D
(<$(& R5( MRLU$RUL: ;>'(: @L(M(<RM R5( M7$ /(RUL(M <' @L>@(LR7(M >/  M[MR(;
R5R L( 7<'(@(<'(<R >/ 7RM @L;(R(LMD
5( (5X7>UL ;>'(: >/  M[MR(; 7M '(0<(' [  @7L $( % Y5(L(  
#Z ( Z. ( EEE( Z $ 7M  M(R >/ XL7:(M <' @L;(R(LM& <'   #& ( &. ( EEE( & $
7M  M(R >/ $><MRL7<RMD $$>L'7<4 R> R5( 4L<U:L7R[ >/ R5( XL7:(M AEU<R7RR7X(&
7O_ ]W`)]`WA BF,.A III

EU:7RR7X(& /U\\[B <' >/ R5( R7;( A$><R7<U>UM& '7M$L(R(B& R5( $><MRL7<RM ;[ (
(Z@L(MM(' 7< M(X(L: '7//(L(<R />L;M :79( :4(L7$ <' '7//(L(<R7: (EUR7><M& '7//(L6
(<$( (EUR7><M& LU:(M& (R$D
MU::[& RY> M7$ MMU;@R7><M (Z@L(MM R5( /$R R5R  ;>'(: '(0<(' [ M>;( M(R
>/ $><MRL7<RM 7M Y(:: />L;('D
99@.3=*1/ $62
34 ++ >& /-9>8(->9 (-  8 /,2>(+5
34 ++ >& /-9>8(->9 (-  8 (-2-->5
MMU;@R7>< 1D?AB ;(<M R5R R5( M(R >/ R5( $><MRL7<RM 7M MM>$7R(' Y7R5  M>U<'
;>'(:& <;(:[  ;>'(: Y5>M( M(R >/ M>:UR7><M 7M <>R (;@R[D < >R5(L Y>L'M& R5(
$><MRL7<RM '> <>R $LL[ <[ $><RL'7$R7><D 57M 7M >/ $>ULM( MMU;(' R> 5>:' 7< R5(
M(EU(:D
MMU;@R7>< 1D?AB >< R5( 7<'(@(<'(<$( >/ R5( $><MRL7<RM ;(<M R5R R5( ;>'(:
7M ;7<7;: 7< R5( M(<M( R5R <> $><MRL7<R '(0<(M AR :(MR :>$::[B R5( M;( M(R
>/ M>:UR7><M M <>R5(L ><(& >L ;>L( 4(<(L::[ R5R R5(L( '>(M <>R (Z7MR 7<  RY>
'7//(L(<R MUM(RM >/ $><MRL7<RM   <'   MU$5 R5R
 $  % <  $  %
5>:'M& Y5(L(  $% 7M R5( M(R >/ M>:UR7><M MM>$7R(' Y7R5 R5( $><MRL7<R M(R D R Y7::
( M((< R5R R57M MMU;@R7>< ;[ 5>:' >L <>R& '(@(<'7<4 >< R5( L('U<'<$[ Y57$5
7M @L(M(<R 7< R5( M[MR(;D

6#(" +' )''1 ('/1.#'1/


FCX>,.W ]<. ]eF )FCX]W>C]X
% U ,   0
% U , ! U , !  0A
<.g W. F$d>F`XAg CF] >C,.K.C,.C]+ X>C). FC. <X  % ! &  % !   % !O C 5)]+
)FCX]W>C] % >X .CF`:< ]F ,.X)W>$. ]<. X.] F5 ]<. XgX].B XFA`]>FCX+ C, FC. <X
% ]W`.  % ]W`. 

=8@=@8 '83(6 5( MRLU$RUL( >/  M[MR(; $< ( L(@L(M(<R(' [  76@LR7R( 4L@5D
 4L@5 7M 76@LR7R( 7/ 7RM X(LR7$(M $< ( M(@LR(' 7<R> RY> '7M8>7<R M(RM  <'  7<
MU$5  Y[ R5R (X(L[ ('4( 5M ><( (<'@>7<R 7<  <' R5( >R5(L ><( 7< D
#/*=*1/ $62 4=8@=@8- .1-5
& 9>8A>A8+ ,/+ 3/8 >& 9>8A>A84 / >& 9F9>, $( % (9  ('28>(> %82&
$( ( % D&8  :  5  (9 >& 9> / %9 !- F
$&, ( Z- % )  ( >& C8(+ Z- 2289 (- >& /-9>8(-> &, E
>R( R5R R5( 76@LR7R( 4L@5 7M < U<'7L($R(' 4L@5& Y57$5 $< ( 7<R(L@L(R(' M
/>::>YM% :: R5( XL7:(M <' @L;(R(LM $><<($R(' Y7R5  47X(< $><MRL7<R X(LR(Z
II_ 7O ]W`)]`WA CAgX>X

5X( R> MR7M/[ R5( (EUR7>< >L LU:( R57M X(LR(Z L(@L(M(<RMD 57M 4L@5 ::>YM R> L(@L(6
M(<R R5( MRLU$RUL( >/ LR5(L 4(<(L: ;>'(:M 7<$:U'7<4 >R5 '7//(L(<R7: <' :4(L7$
$><MRL7<RMD
6#(" +2 1.212. (  /6/1& /.# 6  #.'1#%"% .# &(%
.]
  / 6 / 6 , 6 0
  6 " 6 $'
e<.W. / >X ]<. X.] F5 dW>$A.X e<>)< KK.W FCAg A:.$W>)AAg+ C, /  W. dW>$A.X e<FX.
,.W>d]>d. F$.gX XFB. ,>55.W.C]>A )FCX]W>C]X O  ,>55.W.C]>A=A:.$W>) XgX].B BF,.A >X
:>d.C $g
/   / ' / ' ,! L7OIM
  $ / ' / ' ,! L7O_M
0  " / ' / ' ,!A L7O^M
F]. ]<] >] >X KFXX>$A. ]F ,.6C.  X.KW]. X.] F5 dW>$A.X /  C,  X.KW]. X.] F5 )FCX]W>C]X
(
S # L! , S# L!  0' 2  ' AAA' ;! L7O9M
(L
XF ]<] ]<. XgX].B >X W.KW.X.C]., $g
  / 6 / 6 /  6 , 6 0
(
  6"6$6 '
(L

e<.W. 5 X]C,X 5FW ]<. ,>55.W.C]>A )FCX]W>C]X L7O9M C, AA ]<. )FCX]W>C]X L7OIM+ L7O_M C,
L7O^M W. A:.$W>)O <. $.<d>F`W BF,.A F5  ,gCB>)A XgX].B A>C@X KW.X.C] C, KX] dA`.X
F5 >]X dW>$A.X L5FW ,>X)W.]. ]>B. XgX].BXM FW dW>$A.X C, ]<.>W ]>B. ,.W>d]>d.X `K ]F 
).W]>C FW,.W L5FW )FC]>C`F`X=]>B. XgX].BXMO >d>C: ]eF dW>$A.X ]<. CB.X / L! C, / L!
,F.X CF] :`WC].. ]<] ]<. X.)FC, FC. >X ]<. ]>B. ,.W>d]>d. F5 ]<. 6WX] FC.O <>X >X FCAg
]W`. ]<C@X ]F ]<. CAgX]VX >C].WKW.]]>FC+ C, ]<>X 5)] <X ]F $. W.KW.X.C].,+ 5FW `]FB]>)
]W.]B.C]+ $g X.KW]. )FCX]W>C]X A>@. L7O9MO 

< R5( M(EU(:& 76@LR7R( 4L@5M Y7:: ( UM(' />L R5( L(@L(M(<RR7>< >/ R5( M[MR(;
MRLU$RUL(D
< R5( />::>Y7<4 04UL(M& R5( X(LR7$(M >/  Y7:: ( L(@L(M(<R(' [ $7L$:(M Y57:(
R5( X(LR7$(M >/  Y7:: ( L(@L(M(<R(' [ LMD >R( R5R R5( ('4(M L( <>R >L7(<R('D
5( 7<$7'(<$( ;RL7Z >/ R5( 76@LR7R( 4L@5 7M R5( ;RL7Z Y5>M( L>YM <' $>:U;<M
L(@L(M(<R R5( M(R >/ $><MRL7<RM >L XL7:(M& L(M@($R7X(:[D X(L[ ('4( $&, ( Z- % )  7M
L(@L(M(<R(' [  H?I 7< R5( 7<R(LM($R7>< >/ L>Y &, <' $>:U;< Z- D

6#(" +1 #").1#1 .)! (  %#'. /6/1&


<. $.<d>F`W BF,.A F5  A>C.W XgX].B ,.X)W>$., $g 5F`W )FCX]W>C]X %  ' % ' % ' %  e>]<
6d. dW>$A.X S ' S ' S  ' S ' P >X :>d.C $g
(S
% S  
(L
% S   !S
(S
% S 
(L
% S  #S # %S # (P A
7O_ ]W`)]`WA BF,.A II^

]X X]W`)]`W. :WK< <X ]<. >C)>,.C). B]W>f

 P S S S  S
% I I
% I I
% I I
% I I I I

A.,>C: ]F ]<. $>=KW]>]. :WK< ,.K>)]., >C >:O 7OIO 

        

       

+ +'+ >=KW]>]. :WK< F5 ]<. A>C.W XgX].B

6#(" + '$ /6/1&


FCX>,.W  ]C@ XgX].B e<.W. ]<. >C8Fe >X )FC]WFAA., d>  A.d.A X.CXFW C, C .A.)]W>) K`BK
C, ]<. F`]8Fe >X W.A>X., ]<WF`:< C F`]K`] K>K. L>:O7O_MO

  
  

     
    
    
 
  
  



 
  


   
+ +2+ >C:A.=]C@ XgX].B

<. XgX].B )FCX>X]X F5 ]<. )FBKFC.C]X %]C@+ >CK`] dAd.+ F`]K`] K>K.+ A.d.A X.CXFW+ A.d.A
)FC]WFA A:FW>]<B&O  )FC]>C`F`X=dW>$A. )FC]>C`F`X=]>B. BF,.A >X :>d.C $g ]<. 5FAAFe>C:
)FCX]W>C]X*
II9 7O ]W`)]`WA CAgX>X

C@ % 1 L!  F# L! , F* L!
CK`] dAd. % F# L!  "P/L!
`]K`] K>K. % F$ L!  4 1 L!
L7O7M
.d.A X.CXFW % T L!  1 L!

 >5 T L! ( 1$ , G
FC]WFA A:FW>]<B %
P L! 
0 >5 T L! % 1$ # GA
P >X ]<. )FC]WFA dW>$A.+ T ]<. X.CXFW F`]K`]+ 1$ ]<. :>d.C X.]=KF>C]+ C, G C, 4 W. :>d.C
KWB.].WXO 1 ,.CF].X ]<. A>Q`>, A.d.A+ F# C, F* ]<. 8Fe >C]F FW F`] F5 ]<. ]C@O " >X  dAd.
)FCX]C]O )< )FBKFC.C] >C]WF,`).X FC. )FCX]W>C]O <. X.KW]. )FCX]W>C]
(1 L!
% 1 L! 
(L
.fKW.XX.X ]<. 5)] ]<] 1 L! >X ]<. ,.W>d]>d. F5 ]<. A.d.A 1 L!O KKAg>C: ]<. ,.6C>]>FC ]F ]<.
$.<d>F`W BF,.A L7O7M F5 ]<. ]C@ XgX].B Le>]<F`] )FC]WFAA.WM A.,X ]F ]<. 5FAAFe>C: >C)>,.C).
B]W>fO

CK`]\`]K`] C].WCA dW>$A.X


 P L! T L! 1 L! 1 L! F# L! F* L!
% I I I
% I I
% I I
% I I
% I I

<. X]W`)]`W. :WK< )FWW.XKFC,>C: ]F ]<>X >C)>,.C). B]W>f >X X<FeC >C >:O 7O^O d.Wg )FA`BC
F5 ]<. B]W>f )FWW.XKFC, ]F  )>W)A.=d.W].f C, .d.Wg WFe ]F  $W=d.W].fO

 

   

  
  

 

 

+ +1+ ]W`)]`W. :WK< F5 ]<. X>C:A.=]C@ XgX].B

5 ]<. )FC]WFAA.W >X >C]WF,`).,+ ]<. :WK< >X .f].C,., $g  C.e $W=d.W].f 5FW %
C, ]eF
C.e )>W)A.=d.W]>).X 5FW 1$ C, GO `W]<.WBFW.+ >5 ]<. KWB.].W 4 KK.W>C: >C )FCX]W>C] % 
>X )FCX>,.W., CFe X C >BKFW]C] dW>$A. LW]<.W ]<C  6f., :>d.C KWB.].W A>@. ]<. dAd.
)FCX]C] "M  )>W)A.=d.W].f >X >C]WF,`)., 5FW 4 C, A>C@., e>]< % O
7O_ ]W`)]`WA BF,.A II7

CK`]\`]K`] WB.].WX C].WCA dW>$A.X


 P L! T L! 1$ G 4 1 L! 1 L! F# L! F* L!
% I I I
% I I
% I I I
% I I
%
I I I I
% I I

 

 

      

  
  

   

 

+ ++ ]W`)]`W. :WK< F5 ]<. )FC]WFAA., ]C@

FW X>BKA>)>]g+ FCAg ]<. TFC.XU KK.W >C ]<>X B]W>f C, .BK]g $Ff.X W. Th.WFUO >:`W. 7O9
X<FeX ]<. .f].C,., :WK<O 

#,! +' #").1#1 .)! 3./2/ # .)!/


FW XgX].BX ,.X)W>$., $g A>C.W X]]. C, B.X`W.B.C] .Q`]>FCX+  KFK`AW X]W`)]`WA W.KW.=
X.C]]>FC `X.X ]<. XF=)AA., ,>W.)]., :WK< L,>:WK<M+ e<FX. X.] F5 d.W]>).X >X ]<. X.] F5 ]<.
>CK`]+ F`]K`] C, X]]. dW>$A.X C, e<FX. .,:.X W. ,.6C., $g ]<. 5FAAFe>C: W`A.X*
 C .,:. .f>X]X 5WFB d.W]>). S% LW.XKO 5WFB d.W]>). P& M ]F d.W]>). S# >5 C, FCAg >5 ]<. X]].
-  - 
dW>$A. S% LW.XKO ]<. >CK`] dW>$A. P& M W.AAg F))`WX >C 5`C)]>FC -# L>O.O -; 
= W.XKO -8 
=
>X CF] >,.C]>)AAg h.WFM+
 C .,:. .f>X]X 5WFB d.W]>). S% ]F d.W]>). T$ >5 C, FCAg >5 ]<. X]]. dW>$A. S% W.AAg F))`WX
>C ]<. 5`C)]>FC .$ O 

< R5( '74L@5 L(@L(M(<RR7>< ('4(M L( 7<R(L@L(R(' M G;URU: 7<2U(<$(MG (RY((<
XL7:(M% < ('4( /L>; W. AL(M@D /L>; T/ B R> W, ;(<M R5R R5( R7;( (X>:UR7>< >/ R5(
'(L7XR7X( W , $P% '(@(<'M >< R5( R7;( (X>:UR7>< >/ W. $P% AL(M@D T/ $P%BD 7;7:L:[& <
II[ 7O ]W`)]`WA CAgX>X

('4( /L>; W. R> Y- ;(<M R5R R5( R7;( (X>:UR7>< >/ R5( >UR@UR Y- $P% '(@(<'M >< R5(
R7;( (X>:UR7>< >/ R5( MRR( XL7:( W. $P%D

6#(" + # .)! (  %#'. /6/1&


<. ,>:WK< e<>)< ,.X)W>$.X ]<. X]W`)]`W. F5 ]<. XgX].B
S   S L7O[M
S  !S # #P
T  S
>X :>d.C $g >:O 7O7O 

 

 

 

+ ++ >:WK< F5 ]<. A>C.W XgX].B

$6?6? @9D9=.9

<MR(' >/ $><M7'(L7<4 R5( Y5>:( M(R >/ R5( $><MRL7<RM Y57$5 '(M$L7( R5( (5X7>UL
;>'(: >/  M[MR(;& 7R 7M M>;(R7;(M $><X(<7(<R R> $><M7'(L ><:[ MUM(RM >/ R5(;D
 MUM[MR(; 7M '(0<(' [ R5( M(R >/ $><MRL7<RM R>4(R5(L Y7R5 R5( M(R >/ XL7:(M
R5R >$$UL 7< R5(M( $><MRL7<RMD 57M MUM($R7>< 7<RL>'U$(M R5( X>$U:L[ $><<($R('
Y7R5 MUM(RM >/ R5( $><MRL7<RMD
(R T AL(M@($R7X(:[ T B ( R5( $>::($R7>< >/ :: R5( MUM(RM >/  AL(M@($R7X(:[ >/
:: R5( MUM(RM >/ B& <' :(R $( ( % ( R5( MRLU$RUL( >/ R5( M[MR(; $( %D (R
 (  ;@@7<4 (RY((<  M(R >/ $><MRL7<RM <' R5( M(R >/ XL7:(M UM(' 7< R5(M(
$><MRL7<RM%
 1  1
A1DOB
F 3 $F%  #Z ) + +& ) F *E.E $&( Z% ) $E
 MM>$7R(M Y7R5 <[ MUM(R >/ $><MRL7<RM F R5( MUM(R >/ R5>M( XL7:(M Y57$5
7<R(LX(<( 7< R :(MR ><( >/ R5(;D >LL(M@><'7<4:[&  MM>$7R(M  M(R >/ XL7:(M
Y7R5  M(R >/ $><MRL7<RM Y5(L( R5(M( XL7:(M @@(L%
 1  1
A1D+B
X 3 $X%  #& ) + +Z ) X *E.E $&( Z% ) $E
7O_ ]W`)]`WA BF,.A IIZ

6#(" +/  '  &))#' / (. 1! 1'$ 5&)%


FCX>,.W ]<. >C)>,.C). B]W>f XXF)>]., e>]< ]<. X>C:A.=]C@ XgX].B Le>]<F`] )FC]WFAA.WMO

 1 1 F# F* P T
% I I I
% I I
% I I
% I I
%
I I
% I I

fBKA.X 5FW ]<. BKK>C:X  C,  W.*


 
 % ' % !   F# ' F*
1' 1'
 %
!  P' T
 F# ' F*   % ' % ' %  A 

#/*=*1/ $6? 4@9D9=.5


 9A9F9>, (9  2(8 $F( $F%% D&8 F ) 1 E & 9A'%82& >&> (9 8+> D(>&
9A9F9>, $F( $F%% (9 (>9 9>8A>A85
< R57M '(0<7R7><&  MUM[MR(; 7M <[ MUM(R >/ R5( M[MR(; $><MRL7<RM F :><4 Y7R5
R5( L(:R(' XL7:(M $F% ) E >L (Z;@:(& 7< R5( M[MR(; >X(& R5( @7L

 J , ( J6 %
$#& ( &, $ ( 3( 3(
7M  MUM[MR(;& <' 7RM MRLU$RUL( 7M '(M$L7(' [ R5( MU4L@5

 3 3 J, J6
& ? ? ?
&, ? ?
5(L( L( <> M@($70$ L(EU7L(;(<RM >< R5( $5>7$( >/ R5( (:(;(<RM 7< F& <' 1
$><R7<M :: @>MM7:( MUM[MR(;MD / $>ULM(& ><:[ M>;( >/ R5(; L( >/ 7<R(L(MR 7<
@@:7$R7><M%
% 7LMR& MUM[MR(;M $< ( MM>$7R(' Y7R5 M>;( @5[M7$: 7<R(L@L(RR7><D >;@:(Z
M[MR(;M L( >/R(< '($>;@>M(' 7<R> MUM[MR(;M Y57$5 5X(  @5[M7$: >L  /U<$6
R7><: ;(<7<4& (D4D R5( >7:(L 7<  MR(; 4(<(LR>L& R5( 7<MRLU;(<RR7>< M$5(;( 7<
 $:>M('6:>>@ $><RL>: M[MR(;& (R$D 5(M( MUM[MR(;M L( MM>$7R(' Y7R5 MUM(RM
>/ $><MRL7<RM 7< R5( M[MR(; ;>'(:& M> R5R R5( /U:R >/ ><( >L M(X(L: MUM[MR(;
$>;@><(<RAMB L(MU:RM 7< M>;( >/ R5(M( $><MRL7<RM (7<4 $5<4('D
% ($><'& MUM[MR(;M $< ( MM>$7R(' Y7R5 M@($7: @L>@(LR7(MD >L (Z;@:(& /U:R
'74<>M7M 7M @>MM7:( ><:[ />L MUM[MR(;M Y57$5 (Z577R L('U<'<$[ @L>@(LR7(MD
II2 7O ]W`)]`WA CAgX>X

$6?6> =8@=@8- 38138=*9

5( MRLU$RUL: ;>'(: >/  M[MR(; 7M < MRL$R7>< >/ 7RM (5X7>UL ;>'(:D Y>
M[MR(;M Y57$5 5X( R5( M;( MRLU$RUL( L( M7' R> ( MRLU$RUL::[ (EU7X:(<RD 7<$(
MRLU$RUL: @L>@(LR7(M L( @L>@(LR7(M >/ R5( MRLU$RUL: 4L@5& R5([ L( M5L(' [ ::
R5( M[MR(;M Y57$5 5X( R5( M;( MRLU$RUL(D < @LR7$U:L& M[MR(;M Y57$5 ><:[ '7//(L
[ R5( X:U( >/ R5(7L @L;(R(LM L( MRLU$RUL::[ (EU7X:(<R& R5UM ;97<4 MRLU$RUL:
@L>@(LR7(M 7<'(@(<'(<R >/ R5( X:U(M >/ R5( M[MR(; @L;(R(LMD
L>; MRLU$RUL: (EU7X:(<$( $><M7'(LR7><M& 7R $< ( M((< R5R R5( MRLU$RUL( >/ 
M[MR(; 7M 7<'((' 7<'(@(<'(<R >/ R5( />L; U<'(L Y57$5 R5( $><MRL7<RM L( (Z@L(MM('D
>L (Z;@:(& MU@@>M( R5R R5( :(X(: M(<M>L 7< R5( M7<4:(6R<9 M[MR(; '>(M <>R @L>6
X7'( < <:>4 >UR@UR UR  EU<R7M(' ><(D 5(< 7RM >@(LR7>< 7M '(M$L7(' [ R5(
/>::>Y7<4 R:(& Y5(L( #( %( 1 L( 47X(< $><MR<RM MM>$7R(' Y7R5 R5( M(<M>L%

3 )
4( #
)
#( %
)
%( 1
,1
Y (;@R[ :>Y ;('7U; 5745

R $< (M7:[ ( U<'(LMR>>' R5R R5( MRLU$RUL( >/ R5( M[MR(; 7M (Z$R:[ R5( M;( UM7<4
R5( <:>4 >L R5( M[;>:7$ M(<M>LD
/ $>ULM(& $RU: M[MR(; @L>@(LR7(M ;[ '7//(L /L>; MRLU$RUL: ><(M& M $< ( M((<
/L>; R5( />::>Y7<4 M7;@:( (Z;@:(D (R
 &  & &
Y "$5% &$5% W

Y. $$5% )$5% W.
( R5( ;>'(: >/  M[MR(; Y5(L( Y <' Y. L( 9<>Y<& 5 ) > 7M M>;( @L;(R(L
X($R>L& <' R5( >M(LX7:7R[ >/ R5( U<9<>Y<M W ( W. 7M 7<X(MR74R('D 5( M[MR(;
7M >M(LX:( 7/ R5( ;RL7Z 7M 7<X(LR7:(D 5( MRLU$RUL: $><'7R7>< 7M R5R <> L>Y A<>
$>:U;<B >/ R57M ;RL7Z $><R7<M ><:[ \(L>MD 57M 7M <($(MML[& UR <>R MU/0$7(<R& M7<$(
R5( '(R(L;7<<R  $5%  "$5% )$5% 4 $$5% &$5% ;745R ( \(L>& M> R5R R5( @L>@(LR[
Y>U:' <>R 5>:' />L R5( $RU: M[MR(; :R5>U45 R5( MRLU$RUL: @L>@(LR[ 5>:'MD Y>
$M(M $< ( '7MR7<4U7M5('%
?D < R5( 0LMR $M(& @L;(R(LM 5 +DF9 MR7M/[ R5( L(:R7>< $5%  4 <' R5UM R5(
MRLU$RUL: @L>@(LR[ 7M -C8 RL<M:R(' 7<R> < $RU: @L>@(LR[D 57M 7M (Z$:U'('
7< MRLU$RUL: <:[M7MD 7LMR& < :4(L7$ L(:R7>< :79( $5%  4 7M :Y MU@6
@>M(' R> '(0<(  ;<7/>:' >/ '7;(<M7>< R ;>MR J 4 "& Y57$5 ;(<M R5R 7R
$<<>R ( MR7M0(' [ <[ 5 ) > >L& 7< >R5(L Y>L'M& R5R 7R '>(M <>R >7:
'>Y< R> 4  4D ($><'& R5( @L;(R(LM L( :Y MU@@>M(' R> ( 7<'(@(<'(<R&
Y57$5 ;(<M R5R R5([ M@< R5( Y5>:( M@$( > D / R57M YM <>R R5( $M(& (EU6
R7>< $5%  4 M5>U:' 5X( ((< 7<$:U'(' 7< R5( M[MR(; ;>'(:D

TD < R5( M($><' $M(& R5( @L;(R(LM 5 / >& 9F9>, A-8 (-C9>(%>(/- MR7M/[
R5( L(:R7>< $5%  4& <' R5UM R5( MRLU$RUL: @L>@(LR[ 7M <>R RL<M:R(' 7<R>
7O_ ]W`)]`WA BF,.A IID

< $RU: @L>@(LR[ /8 >&> 28>(A+8 9F9>,D RLU$RUL: <:[M7M 5>Y(X(L @L>6
X7'(M 7<R(L(MR7<4 $><$:UM7><M& M7<$( U<'(L ;7:' MMU;@R7><M >UR /U<$R7><M
"( $( &( ) R5(L( :Y (Z7MRM  @L;(R(L X($R>L 5  7< R5( <(745>UL5>>' >/ 5
/>L Y57$5 R5( $RU: @L>@(LR[ $>7<$7'(M Y7R5 R5( MRLU$RUL: ><(D
< $><$:UM7><& $RU: @L>@(LR7(M L( ><:[ @>R(<R7: Y5(< MRLU$RUL: @L>@(LR7(M L(
MR7M0('D 5([ $< $(LR7<:[ <>R ( RLU( 7/ R5( MRLU$RUL: @L>@(LR7(M L( <>R MR7M0('D
< >R5(L Y>L'M& MRLU$RUL: @L>@(LR7(M L( @L>@(LR7(M Y57$5 5>:' />L $RU: M[MR(;M
:;>MR (X(L[Y5(L( 7< R5( M@$( >/ R5(7L 7<'(@(<'(<R @L;(R(LMD R 7M (ZRL(;(:[
U<:79(:[ R5R R5( M[MR(; U<'(L $><M7'(LR7>< 5M  @L;(R(L X($R>L />L Y57$5 R5(
MRLU$RUL: @L>@(LR7(M '> <>R 5>:'D

$6?6& /1B/ / @/,/1B/ A8*-9

5( M[MR(; XL7:(M <' @L;(R(LM $< ( '($>;@>M(' 7<R> 9<>Y< <' U<9<>Y<
><(MD [MR(; 7<@UR <' >UR@UR L( (Z;@:(M >/ XL7:(M R5R L( UMU::[ 9<>Y<D
7;7:L:[& @L;(R(LM Y57$5 (<R(L R5( ;>'(: <' 5X( ((< @L(X7>UM:[ 7'(<R70(' L(
9<>Y<D <>Y< XL7:(M L( X7::( 7< L(: R7;( <' R5([ $< '7L($R:[ ( UM('
7< /U:R '74<>M7M >L /U:R6R>:(L<R $><RL>: :4>L7R5;MD <9<>Y< XL7:(M L( <>R
'7L($R:[ ;(MUL('& R5>U45 R5(L( ;745R (Z7MR M>;( Y[ R> $>;@UR( R5(7L X:U( /L>;
R5( X:U(M
 >/ 9<>Y< ><(MD
< R5( R<9 (Z;@:(& R5( :MR />UL $>:U;<M >/ R5( 7<$7'(<$(

;RL7Z 3( 3( J, ( J6 $>LL(M@><' R> U<9<>Y< XL7:(M& Y57:( R5( 0LMR 0X( ><(M
$>LL(M@><' R> 9<>Y< XL7:(M <' @L;(R(LM #T( Y( 32 ( K( 7$D
>::>Y7<4 R5R '($>;@>M7R7><& R5( M(R >/ R5( XL7:(M 7M @LR7R7><(' 7<R>
  @ (
Y5(L( 7M R5( MUM(R >/ R5( 9<>Y< XL7:(M <' @L;(R(LM <'  7M R5( MUM(R >/
R5( U<9<>Y< ><(MD 7;7:L:[& R5( M(R >/ $><MRL7<RM 7M @LR7R7><(' 7<R>
    @  (
Y5(L(  7M R5( MUM(R >/ R5>M( $><MRL7<RM Y57$5 :7<9 ><:[ 9<>Y< XL7:(M <'
 7<$:U'(M R5>M( $><MRL7<RM 7< Y57$5 R :(MR ><( U<9<>Y< XL7:(M @@(LMD  
7M R5( :L4(MR MUM(R >/ $><MRL7<RM MU$5 R5R $ % < D R $< ( <>R7$(' R5R
R5( L(:R7><M Y57$5 '(0<( $><RL>: :4>L7R5;M (:><4 R>  M7<$( R5([ 7<RL>'U$(
$><MRL7<RM (RY((< R5( M(<M>L >UR@UR& R5( $><RL>: >8($R7X(M AM(R6@>7<RM& RL$97<4
L(/(L(<$(M& 0<: MRR(MB <' R5( $><RL>: 7<@UR& Y57$5 L( :: 9<>Y< XL7:(MD
$$>L'7<4 R> R5( '($>;@>M7R7>< >/  <' & R5( 4L@5 $( ( % $< ( '($>;6
@>M(' 7<R> RY> MU64L@5M Y57$5 $>LL(M@><' R> R5( RY> MUM[MR(;M $ ( $ %%
<' $ ( %D 5( (5X7>UL ;>'(: >/ R5( MUM[MR(; $ ( $ %% 7<X>:X(M ><:[
9<>Y< XL7:(MD < M>;( /ULR5(L '(X(:>@;(<RM& 7R Y7:: ( >/ 7<R(L(MR R> />$UM ><
R5( MUM[MR(; $ ( % Y57$5 7M :M> $::(' R5( 8A 9>8A>A8 %82&5 57M 4L@5
7<$:U'(M ><:[ R5>M( $><MRL7<RM R5R L(/(L R> R :(MR ><( U<9<>Y< XL7:( Z, )  D
 /U<';(<R: EU(MR7>< >/ /U:R '74<>M7M $><$(L<M R5( '(R(L;7<R7>< >/ U<9<>Y<
XL7:(M /L>; 9<>Y< XL7:(M [ ;(<M >/ $><MRL7<RMD 5( EU(MR7>< Y5(R5(L R57M
I_i 7O ]W`)]`WA CAgX>X

7M @>MM7:( >L <>R '>(M ><:[ '(@(<' >< R5( MRLU$RUL( >/ R5( MU4L@5 $ (  (  %
R5R L(MU:RM /L>; R5( L('U$(' 4L@5 [ '(:(R7<4 :: 9<>Y< XL7:(M Z, ) R>4(R5(L
Y7R5 R5( $>LL(M@><'7<4 ('4(MD 5(L(/>L(& 7< :: /ULR5(L (Z;@:(M >/ MRLU$RUL( 4L@5M
R5( 9<>Y< XL7:(M L( ;L9(' 4L([D

6#(" +. '%6/#/ ( 1! /1.212.% .)! ( 1! 1'$ /6/1&


FCX>,.W ]<. ]C@+ e<FX. X]W`)]`W. :WK< >X :>d.C >C >:O 7O9O XX`B. ]<] FCAg ]<. >CK`] P
C, ]<. F`]K`] T W. @CFeC X>:CAX C,+ 5`W]<.WBFW.+ 1$ + G C, 4 W. @CFeC KWB.].WXO <.C
]<. ,.)FBKFX>]>FC F5 ]<. dW>$A. X.]
  1' 1'  F# ' F* ' P' T' 1$ ' G' 4
>C]F @CFeC C, `C@CFeC dW>$A.X g>.A,X ]<. X.]X
  P' T' 1$ ' G' 4
C,
 F# ' F* A
  1' 1'
g X.A.)]>C: AA )FCX]W>C]X e<FX. dW>$A.X W. AA >C ]<. X.] + ]<. X.]    %
 >X F$]>C.,O
AA F]<.W )FCX]W>C]X )FBKW>X. ]<. X.]
  % ' % ' % ' % ' % A
$d>F`XAg+   !   C,

  !  P' T' F# ' F* ' 1' 1
<FA,XO <. $>=KW]>]. :WK< )C $. W.=FW:C>X., X 5FAAFeX*
@CFeC `C@CFeC
 P T 1$ G 4 1 1 F # F$
%
I I I I
% I I I
% I I
% I I I
% I I
% I I

<. @CFeC dW>$A.X W. >C ]<. A.5] )FA`BCX C, ]<. )FCX]W>C] ]<] W.5.WX B.W.Ag ]F @CFeC
dW>$A.X >C ]<. 6WX] WFeO <. W.,`)., X]W`)]`W. :WK< e<>)< )FWW.XKFC,X ]F ]<. X`$XgX].B
 '  >X :>d.C $g ]<. AFe.W KW] F5 ]<. >C)>,.C). B]W>fO X ]<. dW>$A.X 1 $ C, G ,F CF]
KK.W >C ]<>X KW] F5 ]<. B]W>f+ ]<.>W )FA`BCX W. ,.A.].,*

@CFeC `C@CFeC
 P T 4 1 1 F # F$
% I I I
% I I
% I I I
% I I
% I I
<>X W.,`)., :WK< >X X<FeC >C >:O 7O[O
7O^ ])<>C: FC  $>=KW]>]. :WK< I_I

FW ,>:CFX>X+ CF]<.W ,.)FBKFX>]>FC F5 ]<. dW>$A.X >C]F @CFeC C, `C@CFeC FC.X >X
`X.,O <. KWB.].WX A>@. 4+ 1$ C, G W. XX`B., ]F $. 6f., C,+ <.C).+ >:CFW., >C ]<.
X]W`)]`W. :WK<O <. W.B>C>C: dW>$A.X W.KW.X.C] X>:CAX XFB. F5 e<>)< W. B.X`W., C,
]<. F]<.WX W. `C@CFeCO .C).+ 5FW ]<. ]C@ XgX].B ]<. 6f., KWB.].W 4 >X ,.A.]., 5WFB ]<.
X]W`)]`W. :WK<+ e<>)< W.X`A]X >C ]<. 5FAAFe>C: >C)>,.C). B]W>f C, >C >:O 7OZ*

 P T 1 1 F# F$
% I I I
% I I
% I I
% I I
% I I

C, ]<. :WK< ,.K>)]., >C >:O 7OZ W.X`A]O 

 

    

  
  

 

 


+ +/+ .,`)., X]W`)]`W. :WK< F5 ]<. ]C@ XgX].B

+2 1!& (&  ! *-1!1 -*


5( M7$ R>>: />L MRLU$RUL: <:[M7M 7M R5( $><$(@R >/ ;R$57<4 ><  76@LR7R( 4L@5&
Y57$5 7M 7<RL>'U$(' 7< R57M M($R7><D < :>>M( R(L;M&  ;R$57<4 7M  $UM: MM74<6
;(<R Y57$5 MM>$7R(M U<9<>Y< M[MR(; XL7:(M Y7R5 R5( M[MR(; $><MRL7<R /L>;
Y57$5 R5([ $< ( $:$U:R('D <9<>Y< XL7:(M Y57$5 $<<>R ( ;R$5(' $<<>R
( $:$U:R('D L7:(M Y57$5 $< ( ;R$5(' 7< M(X(L: Y $< ( '(R(L;7<(' 7<
'7//(L(<R AL('U<'<RB Y& Y57$5 @L>X7'(M  ;(<M />L /U:R '(R($R7>< <'  @>MM76
7:7R[ />L L($><04ULR7><D
I__ 7O ]W`)]`WA CAgX>X

 

   

 
 
 

 

 

+ +.+ ]W`)]`W. :WK< F5 ]<. ]C@ XgX].B `X., >C ,>:CFX>X

$6>62 #/*=*1/9
(R $( ( % (  76@LR7R( 4L@5& + ) ( +  $#( %% ( < ('4( Y57$5 :7<9M R5(
$><MRL7<R # <' R5( XL7:( %& <' C <' C ( R5( RY> @L>8($R7><M
C   
+ 3 C $+%  #
C   
+ 3 C $+%  %E
5( @L>8($R7>< >/ R5( ('4( >< R5( $><MRL7<R M(R 7M C $+%  # AR5( $><MRL7<R <>'(
>/ R5( ('4( +B <' R5( @L>8($R7>< >/ R5( ('4( >< R5( XL7:( M(R 7M C $+%  % AR5(
XL7:( <>'( >/ R5( ('4( +BD
#/*=*1/ $6> 4 =(*/'5
 ,>&(-% (9  9A9> /  9A& >&> >& 89>8(>(/-9 / C - C >/ 8
(-)>(C (55
A+ ( +. )  + 6 +.  C $+ % 6 C $+. % 0 C $+ % 6 C $+. %E

57M ;(<M R5R  ;R$57<4 7M  MUM(R >/ ('4(M MU$5 R5R <[ RY> ('4(M 5X( <>
$>;;>< <>'( A<(7R5(L 7<  <>L 7< BD < 4(<(L:& '7//(L(<R ;R$57<4M $< ( '(0<('
><  47X(< 76@LR7R( 4L@5& M 7::UMRLR(' [ 74D 1D+D
5( M(R  >/ :: ;R$57<4M 7M  MUM(R >/ T & Y57$5 7M @LR7::[ >L'(L(' [ R5(
M(R67<$:UM7>< >L'(L L(:R7><D 5UM& ;Z7;: (:(;(<RM $< ( '(0<('D
#/*=*1/ $6& 4 C*.- .=(*/'5
 ,E(,+ ,>&(-% (9  ,>&(-% 9A& >&> A ) 1 D(>& : ( (9 -/>
 ,>&(-%5
5UM&  ;Z7;: ;R$57<4 7M  ;R$57<4 MU$5 R5R <> ('4( $< ( ''(' Y7R5>UR
X7>:R7<4 R5( -/ /,,/- -/ @L>@(LR[D 7<$( R5( M(R >/ ;R$57<4M  7M ><:[ @L6
R7::[ >L'(L('& 7R />::>YM R5R R5(L( 7M 7< 4(<(L: ;>L( R5< ><( ;Z7;: ;R$57<4D
7O^ ])<>C: FC  $>=KW]>]. :WK< I_^

 
 
 
 
 
 


      

 
 
 
 
 
 


  
 
 

+ ++ eF KFXX>$A. B])<>C:X 5FW ]<. ]C@ XgX].B* <. .,:.X
* ! W. ,WeC $g ]<>)@ A>C.XO

(R 
<  ( R5( M(R >/ ;Z7;: ;R$57<4MD ZR(<'7<4 R5( '(0<7R7>< >/ R5(
@L>8($R7><M C <' C R> M(RM >/ ('4(M A7<MR(' >/ ><( M7<4:( ('4(B&
H    1
3 H $ %  #& ) + ++ ) MU$5 R5R &  C $+%$
H    1
3 H $ %  #Z ) + ++ ) MU$5 R5R Z  C $+%$(
($5 ;R$57<4 7M MM>$7R(' Y7R5 R5( MUM(R H $ % >/ 7RM ;R$5(' $><MRL7<RM&
<' Y7R5 R5( MUM(R H $ % >/ 7RM ;R$5(' XL7:(MD 7<$( <> ;>L( R5< ><( $><6
MRL7<R AL(M@($R7X(:[ <> ;>L( R5< ><( XL7:(B $< ( MM>$7R(' Y7R5 ($5 ('4(
>/  ;R$57<4& 7R />::>YM R5R <[ ;R$57<4 A<' R5(L(/>L( :M> ;Z7;: ;R$57<4MB
MR7M0(M R5( />::>Y7<4 @L>@(LR[
H $ % < 
A ) 

H $ % <  (
/L>; Y57$5 7R />::>YM R5R R5( L(:R7><
! ! / #!! ( !!$
5>:'M& Y5(L( R5( LM !E! '(<>R( R5( $L'7<:7R[ >/ R5( M(RM AY57$5 ;(<M R5( <U;6
(L >/ (:(;(<RMBD R$57<4M />L Y57$5 R5( (EU:7R[ M74< 5>:'M L( $::(' $>;@:(R(
;R$57<4MD
#/*=*1/ $6$ 41.3-= .=(*/'5
 ,>&(-% (9 ++ /,2+> D(>& 892> >/  ( ! !  !! &/+95  ,>&(-% (9
++ /,2+> D(>& 892> >/  ( ! !  !! &/+95
>L  $>;@:(R( ;R$57<4 ><  AL(M@($R7X(:[ >< B& ($5 $><MRL7<R AL(M@($6
R7X(:[ ($5 XL7:(B (:><4M R> (Z$R:[ ><( ('4( >/ R5( ;R$57<4%
I_9 7O ]W`)]`WA CAgX>X

A& )   +Z )  MU$5 R5R $&( Z% )


AZ )   +& )  MU$5 R5R $&( Z% ) E
 ;R$57<4 $< ( L(@L(M(<R(' [ M(:($R7<4 R ;>MR ><( H?I 7< ($5 L>Y <' 7<
($5 $>:U;< 7< R5( 7<$7'(<$( ;RL7Z >/ R5( 76@LR7R( 4L@5& <' L(@L(M(<R7<4 R5(;
[ R5( H &I
" 7< R5( (Z;@:(MD $5 M(:($R(' H?I L(@L(M(<RM < ('4( >/ R5( ;R$57<4D
> >R5(L ('4( M5>U:' $><R7< R5( M;( XL7:( AR5UM 7R 7M R5( ><:[ ><( 7< R5( L>YB
>L R5( M;( $><MRL7<R AR5UM 7R 7M R5( ><:[ ><( 7< R5( $>:U;<BD
R 7M >X7>UM:[ @>MM7:( R> '(0<( ;R$57<4M& ;Z7;: ;R$57<4M& <' $>;@:(R(
;R$57<4M [ $><M7'(L7<4 (7R5(L R5( Y5>:( MRLU$RUL( >/ R5( M[MR(; >L ><:[ MU4L@5M
>/ 7RM MRLU$RUL: 4L@5& 7D(D MUM(RM >/ R5( $><MRL7<RM <' XL7:(M 7<MR(' >/ R5(
Y5>:( M(RMD M 9<>Y< XL7:(M <((' <>R R> ( '(R(L;7<(' [ M>;( $><MRL7<R& R5(
;R$57<4 7M $$>;@:7M5(' 7< R5( />::>Y7<4 />L R5( MU4L@5 $><R7<7<4 :: U<9<>Y<
XL7:(M LR5(L R5< R5( Y5>:( MRLU$RUL( 4L@5D >Y(X(L& R5( 7<$7'(<$( ;RL7$(M <'
R5( 4L@57$: L(@L(M(<RR7><M L( UMU::[ 47X(< />L R5( $>;@:(R( MRLU$RUL( 4L@5D

6#(" + 1!#' / (' 1! .2 /1.212. .)! ( 1! 1'$
C FW,.W ]F >AA`X]W]. ]<. CF]>FC F5 Bf>BA C, )FBKA.]. B])<>C:X+ )FCX>,.W ]<. W.,`).,
X]W`)]`W. :WK< F5 ]<. X>C:A.=]C@ .fBKA.O CAg ]<. `C@CFeC X>:CAX C, ]<. )FCX]W>C]X
BFC: ]<.B W. )FC).WC., e>]<O <. .,:.X F5  B])<>C: W. >,.C]>6., $g  ]<>)@ A>C. >C ]<.
:WK< W.KW.X.C]]>FC C, $g T U >C ]<. 5FAAFe>C: >C)>,.C). B]W>).XO

 1 1 F# F$  1 1 F# F$
% I 
 I % I I I
% I % 

% 
 I % I 

% I % 

% I 
 % I 

])<>C: LM ])<>C: L$M
 1 1 F# F$
% 
 I I
% 

% I 

% I
% 
 I
])<>C: L)M

X >C  B])<>C:+ `C@CFeC dW>$A.X W. XXF)>]., e>]<  )FCX]W>C] $g B.CX F5 e<>)<
]<.g )C $. ,.].WB>C.,+ C >C]`>]>d. :WK<>)A W.KW.X.C]]>FC >X :>d.C >C >:O 7OD e<.W. ]<.
)FCX]W>C]X W. ,WeC FC ]<. A.5]=<C, X>,. C, ]<. dW>$A.X FC ]<. W>:<]=<C, X>,.O <. ]<>)@
.,:.X )FCC.)] ]<. dW>$A.X e>]< ]<. )FCX]W>C]X $g e<>)< ]<. dW>$A. )C $. )A)`A].,O <.
:WK<X W. ]<. XB. X >C >:O 7OZO
>:`W. 7OD M X<FeX C >C)FBKA.]. B])<>C:O ] >X CF] )FBKA.]. e>]< W.XK.)] ]F ]<. )FC=
X]W>C]X X>C). )FCX]W>C]X % C, % W. CF] B])<.,+ CFW >X >] )FBKA.]. e>]< W.XK.)] ]F ]<.
7O^ ])<>C: FC  $>=KW]>]. :WK< I_7

  
  
  
   




 
     
   
  


 

    
  


  
  
+ +%+ C >C)FBKA.]. LM C, ]eF )FBKA.]. LL$M+ L)MM B])<>C:X

dW>$A.X X>C). F* >X CF] B])<.,O Fe.d.W+ CF .,:. )C $. ,,., ]F ]<. B])<>C: e>]<F`]
d>FA]>C: .6C>]>FC 7O^O
eF )FBKA.]. B])<>C:X e>]< W.XK.)] ]F ]<. `C@CFeC dW>$A.X W. X<FeC >C >:O 7OD $M
C, >:O 7OD )MO <.W. >X CF B])<>C: ]<] >X )FBKA.]. e>]< W.XK.)] ]F   + $.)`X. ]<. C`B$.W
F5 )FCX]W>C]X >X AW:.W ]<C ]<. C`B$.W F5 dW>$A.XO F]. ]<] >] >X CF] :`WC].., ]<] 
)FBKA.]. B])<>C: .f>X]X+ .>]<.W e>]< W.XK.)] ]F  FW ]F  O 

$6>6? 8*/= '83( 991*= B*=(  .=(*/'

(0<7<4  ;R$57<4 ><  MRLU$RUL( 4L@5 7<RL>'U$(M M>;( >L7(<RR7><M >/ R5( ('4(M
Y57$5& U<R7: <>Y& Y(L( U<'7L($R('D ><MRL7<RM Y57$5 @@(L 7< R5( M[MR(; '(M$L7@6
R7>< 5X( <> '7L($R7><& ($UM( :: XL7:(M 5X( R5( M;( MRRUMD >L (Z;@:(& R5(
R<9 $><MRL7<R

&  J, $P% 4 J6 $P% 4 3$P% 4 A1D=B
$< ( UM(' R> $>;@UR( <[ >/ R5( R5L(( XL7:(M Y5(<(X(L R5( RY> >R5(L XL7:(M
L( 9<>Y<D R 7M YL7RR(< 7< R5( <><6>L7(<R(' />L; R> MRL(MM R5R R5( $><MRL7<R 7RM(:/
5M <> @L(/(L(<$( />L <[ >/ R5( R5L(( XL7:(MD
<$(  ;R$57<4 7M $5>M(<& R57M M[;;(RL[ 7M L>9(<& M7<$( ($5 ;R$5(' $><6
MRL7<R 7M <>Y MM>$7R(' Y7R5 ><( ;R$5(' XL7:( <' M>;( <><6;R$5(' ><(MD
>L  47X(< $><MRL7<R& ;R$5(' <' <><6;R$5(' XL7:(M L( 7'(<R70(' 7< R5(
4L@5 7<$7'(<$( ;RL7Z [ &>L
" ?& L(M@($R7X(:[D >L (Z;@:(& $$>L'7<4 R> R5( ;R$56
7<4 7< 74D 1D=& R5( >X( $><MRL7<R 7M UM(' R> $>;@UR( J, $P%D
< R5( 4L@57$: L(@L(M(<RR7><& R5( U<M[;;(RL7(M MM>$7R(' Y7R5  ;R$57<4 L(
L(@L(M(<R(' [ RL<M/>L;7<4 R5( >L747<::[ <><6>L7(<R(' ('4(M 7<R> >L7(<R(' ><(MD
7<$( M>;( $><MRL7<RM ;745R <>R ( ;R$5('& R5( />::>Y7<4 LU:(M L( @@:7('%
% =( 1/9=8*/=9 5( ('4(M '8$(<R R>  ;R$5(' $><MRL7<R L( @L>X7'('
Y7R5 < >L7(<RR7><
6 /L>; R5( <><6;R$5(' A7<@URB XL7:(M& R> R5( $><MRL7<R&
6 /L>; R5( $><MRL7<R R> R5( ;R$5(' A>UR@URB XL7:(D

% 1/).=( 1/9=8*/=9 :: R5( XL7:(M L( $><M7'(L(' M 7<@UR <'& 5(<$(&
:: ('4(M L( >L7(<R(' /L>; R5( XL7:(M R> R5( $><MRL7<RD
I_[ 7O ]W`)]`WA CAgX>X

 
   

     

 
 

  

+ +'9+ LM  B])<., C, L$M  CFC=B])<., )FCX]W>C] L7ODM

> U<'(LMR<' R5( L(M>< />L R5(M( LU:(M& $><M7'(L  ;R$57<4 <' $5>>M(
< ('4( $&( W% ) D 5(< R5( XL7:( W $< ( $><M7'(L(' M R5( >UR@UR >/ R5(
$><MRL7<R & Y57:( R5( >R5(L XL7:(M $&% #W$ L( R5( 7<@UR D 5( 7<R(L@L(RR7><
7M R5R R5( ;R$57<4 L(@L(M(<RM M>;( $UM:7R[ MM74<;(<R [ Y57$5 R5( $><MRL7<R
& 7M UM(' R> $>;@UR( R5( XL7:( W MMU;7<4 R5( >R5(L XL7:(M R> ( 9<>Y<D <
(Z@:7$7R L(@L(M(<RR7>< >/ R5( $><MRL7<R & R5R $< ( UM(' R> '(R(L;7<( W 7M '(<>R('
[
W  1 $ $&% #W$%E
>L <><6;R$5(' $><MRL7<RM :: XL7:(M L( $><M7'(L(' M 7<@UR <' <> XL7:(
>/ $&% $< ( $><M7'(L(' M < >UR@URD (<$(& R5( $><MRL7<R $< ( YL7RR(< 7< R5(
/>L;
& $$&%%  4
:79( ED A1D=BD / R5( \(L> >< R5( L745R65<' M7'( 7M $><M7'(L(' M >UR@UR& R5( $><MRL7<R
$< ( MM>$7R(' Y7R5   X(LR(Z :79( 7< 74D 1D?]D M7<4 <> :(: R :: 7M
$><M7'(L(' M < 7;@:7$7R  :(:D

6#(" +% (&)211#(' ( 2'$'(4' 3.#%/ ( 1! 1'$


FW ]<. X>C:A.=]C@ XgX].B+ ]<. W.,`)., :WK< X<FeC >C >:O 7OZ C, ]<. ]<W.. B])<>C:X
X<FeC >C >:O 7OD g>.A, ]<. FW>.C]., :WK<X X<FeC >C >:O 7OIIO <. ,>W.)]., .,:.X X<Fe <Fe
]<. >C].WCA dW>$A.X F# ' F$ ' 1 C, 1 )C $. ,.].WB>C., 5FW @CFeC dA`.X F5 P C, TO
X ])<>C: I >X >C)FBKA.].+ ]<. `C@CFeC dW>$A. F* )CCF] $. )FBK`]., X X<FeC >C
]<. :WK<O ])<>C:X _ C, ^ W. )FBKA.]. >C  $`] >C)FBKA.]. >C   O <. CFC=B])<.,
)FCX]W>C] % FW % + W.XK.)]>d.Ag+ A.,X ]F   F`]K`]+ ]<] >X+ ]<.g <d. ]F <FA, 5FW ]<.
dW>$A.X F# C, 1 FW 1 C, T+ e<>)< <d. $..C ,.].WB>C., $g F]<.W )FCX]W>C]X FW <d. $..C
B.X`W.,+ W.XK.)]>d.AgO 

>R( R5R MU4L@5M Y5>M( 7<@UR <' >UR@UR <>'(M L( :: 9<>Y< >L  XL7:(M
@L>X7'( R5( M[MR(; 7<@UR6>UR@UR L(:R7><MD [ UM7<4 R$57<4 T 7< 74D 1D?? R5( RY>
/>::>Y7<4 7<@UR6>UR@UR L(:R7><M L( />U<'D 5( 0LMR ><( 7M @L>X7'(' [ $><MRL7<R
& Y57$5 :7<9M ><:[ 9<>Y< XL7:(M <' L(& R5(L(/>L(& '(:(R(' Y5(< 'LY7<4 R5(
L('U$(' 4L@5& <' R5( M($><' ><( 7M @L>X7'(' [ R5( <><6;R$5(' $><MRL7<R &

C QO L7OZM+  <X $..C ,.6C., X  BKK>C: 5WFB  X.] F5 )FCX]W>C]X ]FeW,X ]<. X.]X
F5 dW>$A.XO ] >X `X., <.W. AXF 5FW  X>C:A. )FCX]W>C] % e<.W. 5FW CF]]>FCA )FCd.C>.C).
 %! >X eW>]].C X  %!O
7O^ ])<>C: FC  $>=KW]>]. :WK< I_Z

                 

  


     

 
 
       

    
       
     

     

  
    

  
+ +''+ WK<X )FWW.XKFC,>C: ]F ]<. ]<W.. B])<>C:X

& $T( Y%  4
& $T( 1 $1, $7( 1 $Y%% ( 1* $1 $Y%%%%  4(
Y5(L( 1, $Z% '(<>R(M R5( >UR@UR >/ $><MRL7<R &, />L R5( 7<@UR ZD

$6>6> -=8/= (*/9 / 8(*-*=D

5( >L7(<R(' 4L@5 MM>$7R(' Y7R5  ;R$57<4 5M R5( />::>Y7<4 @L>@(LR[% <[
(Z7MR7<4 @R5 (RY((< RY> <>'(M AXL7:(M >L $><MRL7<RMB :R(L<R(M MU$$(MM7X(:[
XL7:(M <' $><MRL7<RM <>'(MD U$5  @R5 7M $::(' < +>8-> &(-D RM :(<4R5
7M R5( <U;(L >/ $><MRL7<RM R5R L( $L>MM(' :><4 R5( @R5D >R( R5R 7/  <><6
;R$5(' $><MRL7<R (:><4M R> < :R(L<R(' $57<& R5( $57< (<'M Y7R5 R5( 
XL7:( MM>$7R(' Y7R5 R5( <><6;R$5(' $><MRL7<RD
MM>$7R(' Y7R5 :R(L<R(' $57<M 7M R5( <>R7>< >/ L($57:7R[D
#/*=*1/ $6; 4(*-*=D5
 C8(+ Z. (9 8&+ 8/,  C8(+ Z ( >&8 E(9>9 - +>8-> &(-
8/, Z >/ Z. 5  C8(+ Z. (9 8&+ 8/,  9A9> ' <  #Z. $ ( >&8 E(9>9
9/, C8(+ Z ) ' 9A& >&> Z. (9 8&+ 8/, Z 5  9A9> / C8(+9 . (9
8&+ 8/,  9A9> / C8(+9  ( -F C8(+ / . (9 8&+ 8/,  E

6#(" +'9 %1.'1 !#'/ #' 1! 1'$ 5&)%


FB. A].WC]., )<>CX XXF)>]., e>]< ]<. FW>.C]., :WK< F5 ]<. ]C@ .fBKA. W. X 5FAAFeX*
T , % , 1 , %  , F$ , % , F#
1 , % , 1 , % , F# A
 
] )C $. )<.)@., ]<] Cg dW>$A. F5 ]<. X.] F# ' F* ' 1' 1 >X W.)<$A. 5WFB TO 
I_2 7O ]W`)]`WA CAgX>X

$6>6& @9- */=838==*1/

5( 7; >/ R57M MUM($R7>< 7M R> '7M$UMM R5( $UM: 7<R(L@L(RR7>< >/ R5( >L7(<R('
76@LR7R( 4L@5 MM>$7R(' Y7R5  ;R$57<4D
(:($R7<4  @7L $&( Z% R> (:><4 R>  ;R$57<4 7;@:7(M  $UM:7R[ MM74<;(<R&
[ Y57$5 R5( $><MRL7<R & 7M UM(' R> $>;@UR( R5( XL7:( Z& MMU;7<4 R5( >R5(L
XL7:(M R> ( 9<>Y<D 5( >L7(<R(' 76@LR7R( 4L@5 Y57$5 L(MU:RM /L>;  $UM:7R[
MM74<;(<R 7M <;('  A9+ %82&D UM: 4L@5M L( UM(' 7< EU:7RR7X( L(M><6
7<4& :L; 0:R(L7<4 >L 7< @L>X7'7<4 R5( $>;@URR7>< $57< <(('(' />L R5( <U;(L76
$: >L />L;: '(R(L;7<R7>< >/ M>;( XL7:(M >/ 7<R(L(MR& M M5>Y< [ R5( >X(
7<R(L@L(RR7><D :R5>U45 R57M 7<R(L@L(RR7>< 7M MRL745R/>LYL' />L M7;@:( :4(L7$
$><MRL7<RM& 7R 5M R> ( $><M7'(L(' ;>L( $L(/U::[ Y5(< :>>@M <' '7//(L(<R7: $><6
MRL7<RM L( @L(M(<RD

-'8* 1/9=8*/=96 (R & )  ( < :4(L7$ $><MRL7<R& $&% R5( M(R >/ R5(
XL7:(M $><MRL7<(' [ & <' :(R ?!  !$&%!D < MRLU$RUL: <:[M7M& R5( />::>Y7<4
MMU;@R7>< 7M ;'(%
99@.3=*1/ $6? -F +%8( /-9>8(-> & )  !-9  ,-( /+ / (,-9(/-
?! 4 " (- >& 92 / >& C8(+9 $&%5

7<$( R5( $><MRL7<R 5M R> ( MR7M0(' R <[ R7;( P& R5( XL7:(M $&% $<<>R
(5X( 7<'(@(<'(<R:[ >/ ($5 >R5(LD MMU;@R7>< 1DT ;(<M R5R ><:[ ?! 4 " U<6
9<>Y<M $< ( $5>M(< L7RLL7:[ A>L 7;@>M('B 7< $><MRL7<R &D (<$(& R5(L( 7M R
9!
:(MR ><( XL7:( Z ) $&% MU$5 R5R 9M 6 4 :;>MR (X(L[Y5(L( 7< R5( M@$( >/
R5( XL7:(M $&%D 5(L(/>L(& /L>; R5( 7;@:7$7R /U<$R7>< R5(>L(;& 7RM RL8($R>L[ $<
( '('U$(' AR :(MR :>$::[B /L>; R5( $><MRL7<R & <' R5( RL8($R>L7(M >/ R5( ?! 4 "
>R5(L XL7:(MD 57M 7M (Z$R:[ R5( $UM: 7<R(L@L(RR7>< >/ ;R$57<4 R57M XL7:(
Y7R5 $><MRL7<R && <' 7R $< ( 7<R(L@L(R(' M% $><MRL7<R & '($L(M(M [ ><( R5(
'(4L((M >/ /L(('>; MM>$7R(' Y7R5 R5( XL7:(M $&%D

6#(" +'' % .# ('/1.#'1/


FCX>,.W ]<. )FCX]W>C]
% ! S # # S , T  0' L7OIiM
e<.W. S C, S W. ]eF `C@CFeCX+ ! C, # W. KWB.].WX+ C, T >X @CFeCO <>X )FC=
X]W>C] F$d>F`XAg ,.6C.X  FC.=,>B.CX>FCA XK). ]F e<>)< Cg d.)]FW S  ' S ! X<F`A, $.=
AFC: e<.C >] >X X]>X6.,O <`X FCAg FC. ,.:W.. F5 5W..,FB >X A.5] X>C). FCAg FC. F5 ]<. `C=
@CFeCX )C $. )<FX.C W$>]WW>Ag+ ]<. KFXX>$A. dA`.LXM F5 ]<. F]<.W FC. $.>C: ,.,`)., 5WFB
L7OIiMO
F]. ]<] ]<. X]W`)]`WA KF>C] F5 d>.e )FCX>,.WX ]<. BFX] :.C.WA )X. F5 Cg K>W F5 K=
WB.].WX ! C, # A W]>)`AW )X.X W.X`A] >5 ! FW # .Q`A ]F h.WF LL7OIiM eF`A, X]>AA ,.6C.
 FC. ,>B.CX>FCA BC>5FA,M FW >5 ! C, # $F]< .Q`A ]F h.WFO C ]<. A]].W )X. % eF`A,
CF] ,.6C.  FC. ,>B.CX>FCA BC>5FA, e<.C T  0+ X>C). Cg KF>C] S ' S ! >C ]<. ]eF
,>B.CX>FCA XK). eF`A, X]>X5g ]<. )FCX]W>C]+ C, ]<.W. eF`A, $. CF XFA`]>FC e<.C T  . 0
>O.O ]<. XgX].B BF,.A eF`A, CF] $. XF`C, X>C). )FCX]W>C] L7OIiM eF`A, AAFe 5FW CF XFA`]>FCO

7O^ ])<>C: FC  $>=KW]>]. :WK< I_D

5( /$R R5R > +9> /- XL7:( $< ( ;R$5(' 7<  47X(< $><MRL7<R U<'(L R5(
$UM: 7<R(L@L(RR7>< '>(M <>R ;(< R5R -F XL7:( 5M R57M @L>@(LR[D < >X7>UM
M7RUR7>< 7< Y57$5 $&( W% $<<>R ( ;R$5(' 7M Y5(< & 7M <>R 7<X(LR7:( Y7R5 L(M@($R
R> WD 5( $><MRL7<R M5>Y< 7< 74D 1D?T '(0<(M  ;<7/>:' >/ '7;(<M7>< ? 7< . &
<' 7R 7M :Y @>MM7:( R> $>;@UR( W. ><$( W 7M 47X(<D R$57<4 W. Y7R5 R57M $><6
MRL7<R $< >X7>UM:[ ( 7<R(L@L(R(' M (Z@:7<(' >X(D >Y(X(L& R5( 7<R(L@L(RR7><
9!
'>(M <>R @@:[ R> R5( ;R$57<4 >/ W & M7<$( 9K 
7M <>R '7//(L(<R /L>; \(L> :;>MR
(X(L[Y5(L(& R5UM R5( $><MRL7<R & $<<>R ( UM(' R> $>;@UR( W Y5R(X(L R5( X:U(
>/ W. D

 

      

 

           

  

     
+ +'2+ LM ]W`)]`W. :WK<+ L$M KFXX>$A. C, L)M >BKFXX>$A.
B])<>C:

*""8/=*- 1/9=8*/=96 5( $M( >/ '7//(L(<R7: $><MRL7<RM 5M R> ( $><M7'(L('
;>L( $L(/U::[D (;(;(L R5R '7//(L(<R7: $><MRL7<RM $< :Y ( L(@L(M(<R(' M
)
)  W. $P% 4 W $P%  4 A1D??B
)P
<' 7<'((' /U<$R7><M W $P% <' W. $P% $<<>R ( $5>M(< 7<'(@(<'(<R:[ >/ ($5 >R5(LD
X7>UM:[& Y5(< R5( RL8($R>L[ W $P% 7M 9<>Y<& 7RM '(L7XR7X( $< :Y ( $>;6
@UR(' A/L>; < <:[R7$: @>7<R >/ X7(Y& '(L7XR7X(M L( 5(L( MU@@>M(' R> (Z7MR& <'
/L>;  <U;(L7$: @>7<R >/ X7(Y& R5(L( ;745R ( @L>:(;M L7M(' [ R5( @L(M(<$( >/
<>7M(& Y57$5 L( <>R $><M7'(L(' 5(L(BD R />::>YM R5R R5( $><MRL7<R $< :Y (
;R$5(' />L W. Y57$5 7M R5(< U<7EU(:[ '(0<('D 57M 7M $::(' 8(C>(C A9+'
(>F5 5(< W. $P% 7M 9<>Y<& ;R$57<4 R57M $><MRL7<R />L W ( AY57$5 7M $::(' (->%8+
A9+(>FB& :('M R> R5( $>;@URR7><
 
W $P%  W $4% ' W. $N%)N( A1D?TB
2
I^i 7O ]W`)]`WA CAgX>X

Y57$5 '>(M <>R '(R(L;7<( W $P% U<7EU(:[& U<:(MM R5( 7<7R7: $><'7R7>< W $4% 7M
9<>Y<D (R $W $P%( W. $P%% ( RY> /U<$R7><M Y57$5 MR7M/[ $><MRL7<R )D 5(<&
$W $P% ' #( W. $P%% ( Y5(L( # 7M <[ $><MR<R /U<$R7><& :M> MR7M0(M $><MRL7<R )D
5UM& $>;@UR7<4 W /L>; $><MRL7<R ) ;[ ( @>MM7:( >L 7;@>MM7:(& '(@(<'7<4 ><
R5( $><R(ZRD <7R7: X:U(M L( 9<>Y< 7<  M7;U:R7>< $><R(ZR& M7<$( R5([ L( U<'(L
R5( $><RL>: >/ R5( UM(L& UR R57M 7M 4(<(L::[ <>R RLU( 7<  /U:R '74<>M7M $><R(ZR& R5UM
/>L7''7<4 7<R(4L: $UM:7R[ 7< '7//(L(<R7: $><MRL7<RMD

#,! +2 ('/-2'/ (. ./#2% '.1#('


W>]g XK). FW >,.C]>6)]>FC=$X., W.X>,`A :.C.W]>FC KKWF)<.X >B ] .A>B>C]>C: ]<.
`C@CFeC >C>]>A dA`.X $g `X>C: ]<. XgX].B >CK`]=F`]K`] W.A]>FCX e<>)< W. F$]>C., ]<WF`:<
,.W>d]>d. )`XA>]gO <. F$X.Wd.W=$X., KKWF)<.X `X. >C].:WA )`XA>]g $g >BKA.B.C]>C:
C `f>A>Wg XgX].B 3 ]<. F$X.Wd.W 3 e<>)< KWFd>,.X W.X`A]X ]<] W. LXgBK]F]>)AAgM >C,.=
K.C,.C] F5 ]<. .X]>B]. F5 ]<. >C>]>A X]].O 

< MU;;L[& '7//(L(<R $M(M 5X( R> ( $><M7'(L(' M /L M R5( $>U<R(L@LR >/
MMU;@R7>< 1DT A '7//(L(<R7: $><MRL7<R '(0<(M  ;<7/>:' >/ '7;(<M7>< ?! 4 " 7<
R5( M@$( >/ R5( XL7:(M $&% 7M $><$(L<('%

% / W $P% 7M 9<>Y<& W. $P% $< ( ;R$5(' 7< $><MRL7<R ) Y57$5 L7<4M >UR UM7<4
'7//(L(<R7: $UM:7R[D 57M @L>X7'(M  U<7EU( L(MU:R />L W. D MMU;@R7>< 1DT 7M MR6
7M0(' M7<$( $><MRL7<R ) :(X(M ><:[ ><( '(4L(( >/ /L(('>; 7< R5( '(R(L;7<R7><
>/ $W $P%( W. $P%%D

% / W. $P% <' R5( 7<7R7: X:U( W $4% L( 9<>Y<& W $P% $< ( ;R$5(' 7< $><MRL7<R
) UM7<4 7<R(4L: $UM:7R[D 57M @L>X7'(M  U<7EU( L(MU:R >R7<(' /L>; ED A1D?TBD
MMU;@R7>< 1DT 7M MR7M0(' M7<$( $><MRL7<R ) :(X(M ><:[ ><( '(4L(( >/ /L(('>;
7< R5( '(R(L;7<R7>< >/ $W $P%( W. $P%%D

% / ><:[ W. $P% 7M 9<>Y<& MMU;@R7>< 1DT 7M <>R MR7M0('& ($UM( Y5R(X(L R5(
;R$57<4& RY> '(4L((M >/ /L(('>; AR5( $><MR<R /U<$R7>< #& <' R5( 7<@UR /U<$R7><
W. $P%B MR7:: (Z7MR 7< R5( '(R(L;7<R7>< >/ $W $P%( W. $P%%D

6#(" +'2 #.'1#% /6/1&


 BF,.A e<FX. XFA`]>FC .f>X]X $`] >X CF] `C>Q`.+ X ]<. W.X`A] F5 XX`BK]>FC 7O_ $.>C: CF]
X]>X6.,+ >X :>d.C $g ]<. 5FAAFe>C: X>BKA. .fBKA.
% S , !S , #P  0
(
% S , S  0'
(L
e<>)< >X  X>C:A.=>CK`] 6WX]=FW,.W XgX].BO FCX]W>C] % >X C A:.$W>) FC. e<>)< .fKW.XX.X
]<. 5)] ]<] ]<. d.)]FW S ' S ! A>d.X >C  A>C.W BC>5FA, F5 ,>B.CX>FC FC. 5FW @CFeC >CK`]
PO FCX]W>C] % ,F.X CF] AAFe ]F ,.)W.X. ]<. ,>B.CX>FC F5 ]<. `C@CFeC d.)]FWO 5 S  e.W.
@CFeC Le<>)< >X CF] ]<. )X.M+ FC. )F`A, )FBK`]. >]X ,.W>d]>d. S + $`] ]<. @CFeA.,:. F5 S
Le<>)< )F`A, $. F$]>C., X  5`C)]>FC F5 S C, P >C )FCX]W>C] % M >X F5 CF <.AK ]F )FBK`].
S X>C). FC. X<F`A, KWF).., $g >C].:W]>FC C, ]<. >C>]>A dA`. S 0! >X `C@CFeCO 
7O^ ])<>C: FC  $>=KW]>]. :WK< I^I

6#(" +'1 .#31#3 2/%#16 #' 1! 1'$ /6/1&


FCX>,.W ]<. 5FAAFe>C: B])<>C: >C ]<. ]C@ X]W`)]`WA BF,.AO

 1 1 F# F* P T
% 
 I I
% 
 I
% I 

% I I
%
I I
% 
 I

 
A]<F`:< >] >X )FBKA.]. e>]< W.XK.)] ]F ]<. dW>$A.X 1' 1'  F# ' F* + >] )CCF] $. `X., 5FW
]<.>W )FBK`]]>FC X>C). >] >C]WF,`).X C >C].:WA )`XA>]g L1 X<F`A, $. )FBK`]., 5WFB 1 $g
)FCX]W>C] % + e<>A. >]X >C>]>A dA`. >X CF] @CFeC $.)`X. )FCX]W>C] % >X CF] B])<.,MO
.W>d]>d. )`XA>]g )C $. 5FW).,+ e<.C C.).XXWgO F W.KW.X.C] ]<>X X>]`]>FC+ ]<. XgB$FA
 >X `X.,+ e<>)< 5FW$>,X >C].:WA B])<>C:XO <. KW.d>F`X B])<>C: e>AA CF] $. F$]>C., >5
]<. ]C@ X]W`)]`WA BF,.A >X eW>]].C X

 1 1 F# F* P T
% I I I
% I I
% I I
% I I
%
I I
%  I

e<.W.  B.CX ]<] A]<F`:< ]<.W. >X C .,:. $.]e..C % C, 1+ 1 )CCF] $. B])<., e>]<
% A 

11396 < R5( >L7(<R(' 4L@5 MM>$7R(' Y7R5  ;R$57<4& :>>@M L( M@($7: MUM(RM
>/ $><MRL7<RM& Y57$5 5X( R> ( M>:X(' M7;U:R<(>UM:[& ($UM( R5( >UR@UR M74<:M
>/ M>;( $><MRL7<RM 7< R5( :>>@ L( R5( 7<@URM >/ M>;( >R5(LM 7< R5( M;( :>>@D 7<$(
><:[ ><( XL7:( 7M ;R$5(' Y7R5 ><( $><MRL7<R& R5( <U;(L >/ ;R$5(' XL7:(M
7<  :>>@ 7M (EU: R> R5( :(<4R5 >/ R5( :>>@& 7D(D R5( <U;(L >/ R5( $><MRL7<RM Y57$5
@@(L 7< 7RD
5( $UM: 7<R(L@L(RR7>< >/  :>>@ 7M R5R >/  MUM(R >/ $><MRL7<RM Y5>M( M>:UR7><
7M R5( M(R >/ R5( ;R$5(' XL7:(M& Y5(< :: R5( >R5(L XL7:(M A<>R ;R$5(' 7< R5(
:>>@B L( 9<>Y<D
U@@>M( ?I XL7:(M L( $><MRL7<(' [  MUM[MR(; >/ ?/ $><MRL7<RM& <' R5(L(
7M  ;R$57<4 MU$5 R5R R5([ />L;  :>>@D 5(<& ?/ XL7:(M L( 7<R(L<: A;R$5(' 7<
R5( :>>@B& <' ?I 4 ?/ XL7:(M L( (ZR(L<: A<>R ;R$5(' 7< R5( :>>@BD
I^_ 7O ]W`)]`WA CAgX>X

< MRLU$RUL: <:[M7M& < :4(L7$ :>>@ 7M :Y MU@@>M(' R> 5X(  U<7EU( M>6
:UR7>< A;>L( @L($7M(:[%  0<7R( <U;(L >/ M>:UR7><MB& Y57$5 7M R5( 7<R(LM($R7>< >/ ? /
;<7/>:'M >/ '7;(<M7>< ?/ 4 "& 7/ R5( (ZR(L<: XL7:(M L( 9<>Y< A[ MMU;@6
R7>< 1DTBD 5( :>>@ 7M MM>$7R(' Y7R5  MUM(R >/ ?/ $><MRL7<RM
3/ $W/ ( W$ %  4(
Y5(L( W/ AL(M@($R7X(:[ W$ B L( R5( 7<R(L<: AL(M@($R7X(:[ R5( (ZR(L<:B XL7:(M& <'
($5 $>;@><(<R >/ W/ 7M ;R$5(' Y7R5 ><( $><MRL7<R 7< 3/ D
R 7M Y>LR5 <>R7$7<4 R5R R5( 7<R(L@L(RR7>< MM>$7R(' Y7R5 $UM:7R[ 7< M7<4:( $><6
MRL7<RM 7M <>R '7L($R:[ (ZR(<':( R> :>>@M& M M5>Y< [ R5( />::>Y7<4 (Z;@:(D

6#(" +'  /6/1& ( 14( '('"#'3.1#% ('/1.#'1/


FCX>,.W ]<. CFC=>Cd.W]>$A. )FCX]W>C] 5WFB fBKA. 7OII C, X`KKFX. CFe ]<.W. W. ]eF
)FCX]W>C]X % ' %  F5 ]<. XB. 5FWB+ $`] e>]< ,>55.W.C] KWB.].WXO <. X]W`)]`WA :WK< F5
]<>X XgX].B >X

 S S
% I I
% I I

 )FBKA.]. B])<>C: >X :>d.C $g

 S S
% 
 I
% I 


e<>)< X<FeX ]<. .f>X].C). F5  AFFK+ C, >C,.., ]<. XgX].B F5 ]eF )FCX]W>C]X e>]< ]eF `C=
@CFeCX <X  L6C>]. C`B$.W F5M XFA`]>FCLXM+ X >AA`X]W]., $g >:O 7OI^+ A]<F`:< ]<. B])<>C:
F5 S e>]< % <X ).W]>CAg CF] ]<. C>). >C].WKW.]]>FC F5 )FBK`]>C: ]<. dW>$A. 5WFB ]<.
)FCX]W>C]O

 
    
 
     

 

+ +'1+ eF A:.$W>) )FCX]W>C]X e>]< ]eF `C@CFeCX

<. )FWW.)] >C].WKW.]]>FC+ >C ]<>X )X.+ )FB.X 5WFB ]<. 5)] ]<] .)< )FCX]W>C] ,.6C.X 
L,>55.W.C]M BC>5FA, F5 ,>B.CX>FC FC. >C  + C, ]<]+ >C :.C.WA+ X`)< ]eF BC>5FA,X e>AA
7O^ ])<>C: FC  $>=KW]>]. :WK< I^^

>C].WX.)] >C  6C>]. C`B$.W F5 KF>C]XO F XFA`]>FC ] AA eF`A, $.  KW]>)`AW )X. Le<>)<
eF`A, CF] X]>X5g XX`BK]>FC 7OIM+ C, C >C6C>]. C`B$.W F5 XFA`]>FCX eF`A, $. ]<. W.X`A] F5
]<. ]eF BC>5FA,X $.>C: ]<. XB. FC. L] A.X] AF)AAgMO 

5( U<7EU(<(MM >/ R5( M>:UR7>< MM>$7R(' Y7R5  :>>@ Y57$5 $><R7<M '7//(L(<R7:
$><MRL7<RM '(@(<'M U@>< R5( $><R(ZR >/ R5( @L>:(;D >L  M(R >/ ?/ ' ?$ XL7:(M
Y57$5 L( $><MRL7<(' [ ?/ '7//(L(<R7: (EUR7><M $><M7'(L ;R$57<4M MU$5 R5R R57M
M[MR(; />L;M  :>>@
;/  ) / $9/ ( 9$ ( 6% A1D?SB
)
;/  9/ (
)P
Y5(L( 9/ 7M R5( X($R>L >/ R5( XL7:(M 7< R5( :>>@& ) / L( R5( $><MRL7<RM 7< R5( :>>@&
<' 9$ L( R5( (ZR(L<: XL7:(M& MU@@>M(' R> ( 9<>Y<D 5( M[MR(; A1D?SB 5M 
U<7EU( M>:UR7>< ><:[ 7/ R5( 7<7R7: X:U( 9/ $4% 7M 9<>Y<D 5(< R57M 7M <>R R5( $M(&
R5( M>:UR7>< Y7:: '(@(<' >< R5( ?/ U<9<>Y<M 9/ $4%& <' R5UM 7R Y7:: (:><4 R> 
;<7/>:' >/ '7;(<M7>< ?/ D U$5  '7//(L(<R7: :>>@ 7M $::(' -/-'A9+D

 

     

 
   

   


+ +'+  B])<>C: e>]<  ,>55.W.C]>A AFFK

6#(" +' #.'1#% %(() #' 1! 1'$ 5&)%


FCX>,.W ]<. 5FAAFe>C: B])<>C:

 1 1 F# F* P T
% I I 

% 
 I
% 
 I
% I I
%
I I
% I 


 
e<>)< >X )FBKA.]. e>]< W.XK.)] ]F 1' 1'  F# ' F* + C, >C e<>)< ,>55.W.C]>A )`XA>]g >X CFe
`X., >C )FCX]W>C] % O <>X >X F$d>F`XAg CF] .CF`:< 5FW $.>C: $A. ]F )FBK`]. 1+ X>C). ]<.W.
>X  ,>55.W.C]>A AFFK* 1 , % , 1 , % , F$ , % , 1+ e<>)< >X X<FeC F5 >:O 7OI9O 
I^9 7O ]W`)]`WA CAgX>X

>::>Y7<4  $:MM7$: 4L@5 R5(>L[ @@L>$5&  :>>@ $< ( $><'(<M(' 7<R> ><( M7<6
4:( <>'(& Y57$5 L(@L(M(<RM  MUM[MR(; >/ $><MRL7<RM R> ( M>:X(' M7;U:R<(>UM:[D
<>R5(L @@L>$5 7M R> X>7' :>>@M AY5(<(X(L @>MM7:(B [ M>;( RL<M/>L;R7>< >/
R5( $><MRL7<RM& :('7<4 R> '74><: >L RL7<4U:L M[MR(; MRLU$RUL(MD

6#(" +'/ .1&'1 ( %(()/


.]  X`$XgX].B $. ,.6C., $g   S ' S ' T ' T +   % ' % O <. dW>$A.X W. W.A
C`B$.WX+ ]<. )FCX]W>C]X W. A>C.W+ T ' T W. X`KKFX., ]F $. @CFeC+ C, ]<. KWF$A.B ]F $.
XFAd., )FC).WCX ]<. )FBK`]]>FC F5 S ' S A
% ! T # # S  # % S  0
% " T # $ S # / S  0A L7OI9M
<. >C)>,.C). B]W>f F5 ]<. X]W`)]`W. :WK<+ C,  )FBKA.]. B])<>C: eOWO]O S  ' S  W.

 S S T T
% 
 I I
% I 
 I

C, >:O 7OI7 X<FeX ]<. W.X`A]>C: AFFK >C ]<. XXF)>]., FW>.C]., :WK<O F]. ]<] ]<>X B])<=
>C: >X dA>, ABFX] 5FW .d.Wg dA`. F5 ]<. )F.56)>.C]X X>C). >] F$d>F`XAg X`KKFX.X ]<] # C,
/ W. CFC=h.WF+ CF]. AXF ]<] ]<. XFAd$>A>]g )FC,>]>FC # / , % $ . 0 )CCF] $. X..C 5WFB
X]W`)]`WA )FCX>,.W]>FCXO

 
 
 

 
 

 

+ +'+ C A:.$W>) AFFK

>:`W. 7OI[ >AA`X]W].X ]<. )FC,.CX]>FC >C e<>)< ]<. AFFK >X T)FC,.CX.,U >C]F FC. X>C:A.
CF,.+ e<>)< B.CX ]<] ]<. XgX].B F5 ]eF .Q`]>FCX e>]< ]eF `C@CFeCX >X XFAd.,+ $`] CF
,.]>A >X :>d.C $F`] <Fe ]<>X >X ,FC.O

     


   

+ +'/+ FC,.CX., W.KW.X.C]]>FC F5 ]<. AFFK


7O^ ])<>C: FC  $>=KW]>]. :WK< I^7

WCX5FWB>C: ]<. )FCX]W>C]X Bg AXF A., ]F  AFFK=5W.. FW>.C]., :WK<+ X>C). >] Bg :>d.
]<. XgX].B  ,>:FCA FW  ]W>C:`AW X]W`)]`W. LCF]. ]<] ]<>X W.X`A]X 5WFB BC>K`A]>FCX e<>)<
W. CF] K`W.Ag X]W`)]`WA+ $`] e<>)< W. ,FC. FC ]<. XgX].B $.<d>F`W BF,.AMO FW .fBKA.+
]<. ]eF 5FAAFe>C: XgX].BX W. .Q`>dA.C] ]F L7OI9M*

% ! / T , " % T # # / , $ %! S  0 L7OI7M


% ! $ T , " # T # % $ , # /! S  0

% ! / T , " % T # # / , $ %! S  0 L7OI[M


% !T # #S # %S  0A
>:`W. 7OIZ >AA`X]W].X ]<. AFFK=5W.. FW>.C]., :WK<X XXF)>]., e>]< XgX].BX L7OI7M C, L7OI[MO


   
   
   

   
   

   

+ +'.+ eF .Q`>dA.C] AFFK=5W.. FW>.C]., :WK<X

$6>6$ =(*/' -'18*=(.9

L>; R5( '(0<7R7><&  ;R$57<4 $< ( L(@L(M(<R(' 7< R5( 7<$7'(<$( ;RL7Z >/ R5(
76@LR7R( 4L@5 [ M(:($R7<4 ><( G?G R ;>MR 7< ($5 L>Y <' 7< ($5 $>:U;<D $5
M(:($R(' G?G L(@L(M(<RM < ('4( >/ R5( ;R$57<4& <' <> >R5(L ('4( >/ R5( ;R$57<4
M5>U:' $><R7< R5( M;( XL7:( AR5UM 7R 7M R5( ><:[ ><( 7< R5( L>YB >L R5( M;(
$><MRL7<R AR5UM 7R 7M R5( ><:[ ><( 7< R5( $>:U;<BD R$57<4M <' ;Z7;: ;R$57<4M
$< ( '(0<(' />L <[ 4L@5 A<>R ><:[ 76@LR7R( 4L@5MBD 5([ 5X( ((< (ZR(<M7X(:[
''L(MM(' 7< 4L@5 R5(>L[& ($UM( R5([ @L>X7'( R5( M>:UR7>< R> ;<[ @@:7$R7><
@L>:(;MD ( M5:: 0LMR @L(M(<R R5( $:MM7$: ;Z7;: ;R$57<4 :4>L7R5; <' R5(<
M5>Y R5R R5( ;Z7;: 2>Y :4>L7R5; M>:X(M R57M @L>:(; 7< < (:(4<R Y[ />L
76@LR7R( 4L@5MD 7<::[& R97<4 7<R> $$>U<R R5( $UM: 7<R(L@L(RR7>< >/ ;R$57<4M&
Y( @L(M(<R  L<97<4 :4>L7R5; Y57$5 7M Y(:: MU7R(' Y5(< <> $[$:(M L( @L(M(<R 7<
R5( 4L@5D

9* .=(*/' -'18*=(.6 (R  (  ;R$57<4 ><  4L@5 D < ('4( 7M M7'


R> ( D* Y7R5 L(M@($R R>  7/ 7R '>(M <>R (:><4 R>  D  X(LR(Z 7M D* Y7R5
L(M@($R R>  7/ 7R 7M ><:[ 7<$7'(<R R> Y(9 ('4(MD <  6+>8->(-% 2>& 7M  @R5
I^[ 7O ]W`)]`WA CAgX>X

Y5>M( ('4(M L( :R(L<R(:[ 7<  <' <>R 7<  A>L $><X(LM(:[BD <  6A%,->(-%
2>& 7M < :R(L<R7<4 @R5 Y5>M( (<' X(LR7$(M L( >R5 Y(9 Y7R5 L(M@($R R>  D <
 6+>8->(-% >8 Y7R5 L>>R U 7M  $>::($R7>< >/ '7M8>7<R  6+>8->(-% 2>&9 (Z$(@R
/>L R5( L>>R U Y57$5 7M  $>;;>< X(LR7$(D
5( M7$ ;R$57<4 :4>L7R5; 7M U7:R >< R5( />::>Y7<4 R5(>L(;%
(18. $62  ,>&(-%  (-  %82&  (9 ,E(,A, ( - /-+F ( >&8 E(9>9 -/
 'A%,->(-% 2>& (- 5
5( @L>>/ 7M <>R 47X(< 5(L( UR L>U45:[& R5( 7'( 7M R5R 7/ MU$5 < U4;(<R7<4 @R5
Y>U:' (Z7MR&  <(Y ;R$57<4 >/ M7\( ! ! ' " Y>U:' ( >R7<(' [ >8-9 88(-% 
7D(D [ (Z$5<47<4 R5( L>:(M >/ R5( ;R$5(' <' <><6;R$5(' ('4(M 7< R5( @R5D

6#(" +'. .'/. (' ' "2 &'1#' )1!


 B])<>C:  >X :>d.C $g ]<. $FA, .,:.X >C ]<. $>=KW]>]. :WK< F5 >:O 7OI2O

 
 

 
 

 

 

 

 
 

 
 

+ +'+  $>=KW]>]. :WK<

] )C $. )<.)@., ]<] ]<.W. .f>X]X C  *C(01@+1( 5@)+ CB.Ag


% , S  , S  , % , % , S  , S  , %  , %  , S , S , %  , %  , S

                    
:% '5" :% '5" :% '5" :%

C, ]<.W.5FW. ]<>X B])<>C: >X CF] Bf>BAO g ]WCX5.WW>C: '  B])<>C: F5 X>h. 9 >X 5F`C,
% , S  , S  , % , % , S  , S  , %  , %  , S , S , %  , %  , S

                    
'5" :% '5" :% '5" :% '5"

M(' >< R5( R5(>L(; >X(& R5( />::>Y7<4 :4>L7R5; $><M7MRM 7< 0<'7<4 < U46
;(<R7<4 @R5 A7/ R5(L( 7M ><(B <' U4;(<R7<4 R5( M7\( >/ R5( $ULL(<R ;R$57<4 [
RL<M/(LL7<4 7R& U<R7: <> U4;(<R7<4 @R5 $< ( />U<' AR5(L(/>L( R5( $ULL(<R ;R$56
7<4 7M ;Z7;U;BD
7O^ ])<>C: FC  $>=KW]>]. :WK< I^Z

-'18*=(. $62 +%/8(>&, /8 !-(-%  ,E(,A, ,>&(-%

*A/ 5( M[MR(; 76@LR7R( 4L@5 <' < 7<7R7: ;R$57<4 2 AR57M $< (
<[ ;R$57<4 7<$:U'7<4 R5( (;@R[ ;R$57<4 2  #$BD

?D (R  ( R5( $ULL(<R ;R$57<4D / R5( <U;(L >/ Y(9 X(LR7$(M Y7R5


L(M@($R R>  7M :(MM R5< >L (EU: R> ><(& R5( $ULL(<R ;R$57<4 7M
;Z7;U;D R5(LY7M(& :(R U ( <[ Y(9 X(LR7$(D U7:' < :R(L<R7<4
RL(( Y7R5 L>>R UD

TD / R5( RL(( $><R7<M <  6A%,->(-% 2>& R5(< @(L/>L;  RL<M/(L


:><4 R57M @R5 <' U@'R( R5( ;R$57<4 >< R5( 7<7R7: 4L@5D 5(
$L'7<: >/ R5( <(Y ;R$57<4 7M 7<$L(M(' [ ><(D > $9 R> ?D

9@-=%  ;Z7;: ;R$57<4D

6#(" +' 5#&2& &1!#' % (.#1!&


.] $   S ' % ! ' S ' % ! ' S ' % ! $. ]<. >C>]>A B])<>C: X<FeC FC >:O 7OI2O <.
e.@ .,:.X W.
 S ' % ! ' S ' % ! ' S ' % ! ' S ' %
! ' S ' % ! ' S ' % ! ' S ' % ! ' S
' %
! ' S
' % !
<.W. W. 5F`W e.@ d.W]>).X+ CB.Ag % ' S ' % ' %
O FW ]<. 6WX] >].W]>FC+ )<FX>C: .O:O
% X ]<. WFF] :>d.X ]<. A].WC]>C: ]W.. X<FeC FC >:O 7OID e<.W. ]<. )`WW.C] B])<>C: >X
X<FeC >C ,X<., A>C.XO ] >X .X>Ag X..C ]<] ]<.W. W. ]eF $ ,`:B.C]>C: K]<X+ CB.Ag
% , S , % , S C, % , S , % , S
O >C). ]<.g W. ,>X?F>C]+ ]<. ]eF ]WCX5.WX )C $.
,FC. X>B`A]C.F`XAg+ W.X`A]>C: >C ]<. B])<>C:
   S ' % ! ' S ' % ! ' S ' % ! ' S
' % !
5].W ]<. 6WX] >].W]>FC LK.W5FWB>C: ]<. ]WCX5.W FC  Bf>BA X.] F5 X<FW].X] ,>X?F>C] `:B.C]=
>C: K]< ))FW,>C: ]F X.] >C)A`X>FC >X C >BKWFd.B.C] F5 ]<. $X>) KKWF)<MO <. e.@ .,:.X
W. CFe
 S ' % ! ' S ' % ! ' S ' %
! ' S ' % ! ' S ' % ! ' S ' % ! ' S ' % ! ' S
' %
!
C, ]<. e.@ d.W]>).X W. S ' % ' %
O <FX>C: % X ]<. WFF] W.X`A]X >C ]<. A].WC]., ]W..
F5 >:O 7O_i+ e<>)< .f<>$>]X ]<.  ,`:B.C]>C: K]< S , % , S , %
O .W5FWB>C: ]<.
]WCX5.W :>d.X ]<. C.e B])<>C:
   S ' % ! ' S ' %
! ' S ' % ! ' S ' % ! ' S
' % !
e<>)< >X Bf>BA+ X>C). ]<. X.] F5 e.@ .,:.X >X CFe
 S ' % ! ' S ' % ! ' S ' % ! ' S ' % ! ' S ' % ! ' S ' % ! ' S
' %
!
C, ]<.W. W.B>CX FCAg FC. X>C:A. e.@ d.W]>). % O 

6#(" +'% ))%#1#(' 1( 1! /#' %"1'$ /6/1&


.] `X X.W)< 5FW  Bf>BA L)FBKA.]. >5 KFXX>$A.M B])<>C: e>]< W.XK.)] ]F ]<. X`$:WK<
e>]<F`] ]<. @CFeC dW>$A.X
I^2 7O ]W`)]`WA CAgX>X

 

 

   

     

     

 

+ +'%+ A].WC]>C: ]W.. e>]< WFF] %

 

   

     

     

   

+ +29+ A].WC]>C: ]W.. e>]< WFF] %

 1 1 F# F* P T
% I I I
% I I
% I I
% I I
%
I I
% I I

.] $   A <.C AA d.W]>).X W. e.@O .A.)]>C: .O:O 1 X ]<. WFF] :>d.X ]<. A].WC].,
]W..
 %  1
1 , %
 %  F*  %  F#  %

e<.W. ]eF ,>X?F>C] $ ,`:B.C]>C: K]<X W.


 W.XK.)]>d.Ag
' % , 1 C, 1 , % ,F* , % ,
F# , % KWFd>,>C: ]<. C.e B])<>C:   
1' % ' 1' % ! ' F* ' % ! ' F# ' % ! e<>)< >X
)FBKA.]. e>]< W.XK.)] ]F ]<. `C@CFeC dW>$A.X+ <.C). ]<. A:FW>]<B .C,XO 
7O^ ])<>C: FC  $>=KW]>]. :WK< I^D

C*.- %1B -'18*=(.6 7<'7<4  ;Z7;: ;R$57<4 7<  76@LR7R( 4L@5 $<
:M> ( RL<M/>L;(' 7<R>  ;Z7;: 2>Y @L>:(;D 5( @L>$('UL( 7M M />::>YM% $><6
MRLU$R  <(RY>L9 MM>$7R(' Y7R5 R5( 4L@5 $( ( % [ >L7(<R7<4 :: ('4(M /L>;
 R> & 7<M(LR7<4  M>UL$( X(LR(Z  Y7R5 L$M R> :: X(LR7$(M >/  <'  M7<9 X(LR(Z 
Y7R5 L$M /L>; :: X(LR7$(M >/ & <' $><<($R7<4  R>  M M5>Y< >< 74D 1DT?D

 
 

 

 
 

   

 
 

 

 
 
        

+ +2'+ .]]>C: ]<. Bf>BA B])<>C: KWF$A.B X  Bf>BA 8Fe


KWF$A.B

ULR5(L;>L(& MM74< R5( $@$7R[ >/ :: L$M /L>;  R>  >L /L>;  R>  M ?D 5(
$@$7R7(M >/ :: >R5(L L$M L( M(R R> -D 5(<& R5( ;Z7;: 2>Y >< 7M MM>$7R('
Y7R5  ;Z7;U; ;R$57<4 & /L>; R5( />::>Y7<4 L(MU:RD
(18. $6? -  ('28>(> %82&  >& -A,8 / %9 (-  ,E(,A, ,>&(-%
6A+9 >& ,E(,A, #/D (- >& ->D/8* 5
5(L(/>L(&  ;Z7;: ;R$57<4 $< ( />U<' [ @@:[7<4 R5( $:MM7$: >L' <'
U:9(LM>< ;Z7;U; 2>Y :4>L7R5;& Y57$5 7< R5( $M( >/ 76@LR7R( 4L@5M 7M $::('
GR5( U<4L7< ;(R5>'GD 57M :4>L7R5; MMU;(M  47X(< ;R$57<4  7M 9<>Y<
<' RR(;@RM R> (ZR(<'  [ 0<'7<4 < U4;(<R7<4 @R5D 57M 7M '><( [ ;L97<4
X(LR7$(M >< Y(9 ('4(M M> M R> />::>Y @>MM7:( U4;(<R7<4 @R5MD
I9i 7O ]W`)]`WA CAgX>X

-'18*=(. $6? A-%8(- ,>&/

*A/ 5( M[MR(; 76@LR7R( 4L@5 <' < 7<7R7: ;R$57<4 2 AR57M $< (
<[ ;R$57<4 7<$:U'7<4 R5( (;@R[ ;R$57<4 2  #$ B

?D (R  ( R5( $ULL(<R ;R$57<4D (: Y7R5 <  :: X(LR7$(M >/ 


R5R L( Y(9 Y7R5 L(M@($R R>  & <' :R(L<R(:[ @@:[ MR(@M T <' S
U<R7: <> /ULR5(L :(:7<4 7M @>MM7:(D

TD (:($R  <(Y:[ :(:(' X(LR(Z 7< & M[ Z, & <' :(: Y7R5 Z, ::
U<:(::(' X(LR7$(M >/  R5R L( $><<($R(' R> Z, [  Y(9 ('4(
Y7R5 L(M@($R R>  D (@(R R57M MR(@ >< :: X(LR7$(M >/  R5R Y(L(
:(:(' 7< R5( @L(X7>UM MR(@D

SD (:($R  <(Y:[ :(:(' X(LR(Z >/ & M[ &- <' :(: Y7R5 &- R5( X(L6
R7$( >/  Y57$5 7M $><<($R(' R> &- 7<  D (@(R R57M @L>$(MM >< ::
X(LR7$(M >/  :(::(' 7< R5( @L(X7>UM MR(@D

3D 5( :(:7<4M Y7:: $><R7<U( R> :R(L<R( U<R7: ><( >/ RY> @>MM77:7R7(M
>$$ULM%

 2  Y(9 X(LR(Z  5M ((< :(:('D /  ? >$$ULM& <  6


U4;(<R7<4 @R5 5M ((< />U<'& <' 7R $< ( $><MRLU$R(' [ Y>L96
7<4 $9YL'M R5L>U45 R5( :(:M U<R7: R5( X(LR(Z >/  Y57$5 7M :6
(:(' D L<M/(LL7<4 R57M @R5 47X(M < (ZR(<'(' ;R$57<4 <' R5(
:4>L7R5; 7M L(@(R(' [ 4>7<4 $9 R> MR(@ TD

 ? R 7M <>R @>MM7:( R> :(: <[ ;>L( X(LR7$(M <'  ? 5M <>R >$6
$UL('D /  T >$$ULM&  7M :L('[  ;Z7;: ;R$57<4D

9@-=  ;Z7;: ;R$57<4D

6#(" +29 2' .#' &1!(


.] $   S ' % ! ' S ' % ! ' S ' % ! $. ]<. >C>]>A B])<>C: X<FeC FC >:O 7OI2O <.
]$A. $.AFe X<FeX ]<. >C>]>A A$.AA>C: C, ]<. X.Q`.C). F5 A$.AX F$]>C., X X].KX _ C, ^
A].WC].O <. $W Fd.W d.W]>).X % ' % C, %
>X ]F W.B>C, ]<] ]<.g W. e.@ e>]< W.XK.)] ]F
]<. )`WW.C] B])<>C:O

S S S S S
% % % % %
%
].K I # #
].K _=I S S S

].K ^=I % %
].K _=_ S S S
].K ^=_ %
7O^ ])<>C: FC  $>=KW]>]. :WK< I9I

C ]<>X .fBKA.+ ]<. 6WX] >].W]>FC eF`A, X]FK ] X].K _=I X>C). ]<. e.@ d.W]>). %
<X
$..C A$.AA., L IMO W)@>C: ]<. A$.AX $)@eW,X `C]>A  # d.W]>). >X 5F`C, :>d.X ]<.
 ,`:B.C]>C: K]< %
, S ' e<>)< W.X`A]X >C ]<. `:B.C]., B])<>C:
   S ' % ! ' S ' %
! ' S ' % ! ' S ' % !
5WFB e<>)< ]<. C.f] >].W]>FC X]W]XO 

6#(" +2' 2' .#' &1!( #' 1! /#' %"1'$ /6/1&
 '
.] $  1'  % $. ]<. >C>]>A B])<>C:O <. 6WX] >].W]>FC :>d.X ]<. A$.AX

1 1 F# F* % % % % %
%
].K I # # #
].K _ F# F# 1 1 1

C ]<. 6WX] A$.AA>C: X].K+  I F))`WX C, ]<. B])<>C: )C $. `K,]., X
 ' 
   % ' 1' % ! ' F# ' % !
1'
<. X.)FC, >].W]>FC :>d.X

1 1 F# F* % % % % %
%
].K I #
].K _=I F$ F$
].K ^=I % %
].K _=_ F# 1 1
C X].K _=_+  I F))`WX+ X<Fe>C: ]<.  ,`:B.C]>C: K]< % , 1 , % , F$ C, ]<.
`K,]., B])<>C: >X ]<.W.5FW.
 ' 
   % ' 1' % ! ' F# ' % ! ' F* ' % !
1'
e<>)< >X )FBKA.]. e>]< W.XK.)] ]F ]<. `C@CFeC dW>$A.X C, X]FKX ]<. A:FW>]<B LCF]. ]<]
]<. XFA`]>FC >X ,>55.W.C] 5WFB ]<. FC. KW.d>F`XAg 5F`C,+ ]<>X >AA`X]W].X ]<. 5)] ]<] Bf>BA
B])<>C:X W. CF] `C>Q`.MO 

 8/,*/' -'18*=(.6 L>; R5( $UM: 7<R(L@L(RR7><&  $>;@:(R( $UM: ;R$56


7<4 >X(L R5( U<9<>Y< XL7:(M 7'(<R70(M R5( $>;@URR7><M R> ( '><( 7< >L'(L R>
(Z@L(MM ($5 >/ R5(; M  /U<$R7>< >/ R5( 9<>Y< XL7:(MD / R5( ;R$57<4 7M <>R
$>;@:(R( Y7R5 L(M@($R R> R5( $><MRL7<RM& <><6;R$5(' $><MRL7<RM (Z7MR& <' L(@:$6
7<4 R5( U<9<>Y< XL7:(M [ R5(7L X:U(M 7< R5(M( $><MRL7<RM L(MU:RM 7< L('U<'<$[
L(:R7><M R5R ;UMR ( MR7M0(' 7/ $RU: $><MRL7<RM L( R5( M;( M R5( ;>'(: $><6
MRL7<RM AZ;@:( 1D+ M5>YM MU$5  M7RUR7>< />L R5( R<9 M[MR(;BD 57M L(;L9 7M R5(
M7M >/ R5( />::>Y7<4 $><MRL7<R @L>@4R7>< A>L L<97<4B :4>L7R5;& Y57$5 $< (
UM(' R> 0<'  ;R$57<4D R '>(M ><:[ 4(<(LR( >L7(<R(' 4L@5M Y7R5>UR :>>@M& M> 7R
;[ <>R 0<' <[ $>;@:(R( ;R$57<4& (X(< 7/ 7R (Z7MRMD 5( 7'( 7M R> MRLR Y7R5 M>;(
XL7:( A7< @@:7$R7><M R5( MRLR7<4 <>'(M L( R5( 9<>Y< XL7:(MB& <' R> G@L>@6
4R(GR5( 9<>Y:('4(& MR(@ [ MR(@& [ ;R$57<4& R ($5 MR(@& R5( XL7:(M Y57$5
7<R(LX(<( 7< $><MRL7<RM Y5(L( :: >R5(L 7<X>:X(' XL7:(M L( ;R$5(' >L 9<>Y<D
I9_ 7O ]W`)]`WA CAgX>X

-'18*=(. $6> -*(-% / >& /-9>8(->9


*A/ <$7'(<$( ;RL7Z >L MRLU$RUL( 4L@5
?D L9 :: 9<>Y< XL7:(MD
44
TD 7<' :: $><MRL7<RM 7< R5( $ULL(<R R:( Y7R5 (Z$R:[ ><( U<;L9('
XL7:(D MM>$7R( L<9 4 Y7R5 R5(M( $><MRL7<RM <' ;L9 R5(M( $><6
MRL7<RM M Y(:: M R5( $>LL(M@><'7<4 XL7:(D
SD (R 4  4 ' "D
3D / R5(L( L( U<;L9(' $><MRL7<RM Y5>M( XL7:(M L( :: ;L9('&
MM>$7R( R5(; Y7R5 L<9 4& ;L9 R5(; <' $><<($R R5(; Y7R5 R5(
@M(U'>6XL7:( D
1D / R5(L( L( U<;L9(' XL7:(M >L $><MRL7<RM& $><R7<U( Y7R5 R(@ TD
9@-= <97<4 >/ R5( $><MRL7<RMD

< R5( 0LMR MR(@& :: 9<>Y< XL7:(M L( ;L9(' <' :: U<9<>Y< XL7:(M L(6
;7< U<;L9('D 5(< (X(L[ $><MRL7<R R5R $><R7<M R ;>MR ><( U<;L9(' XL7:(
7M MM74<(' L<9 ]D 5( $><MRL7<R 7M ;R$5(' />L R5( U<;L9(' XL7:(M A>L \(L>& 7/
R5(L( 7M <><(B& <' R5( XL7:( 7M ;L9('D 57M MR(@ 7M L(@(R(' Y7R5 < 7<$L(M7<4
L<9 <U;(L& U<R7: <> <(Y XL7:(M $< ( ;R$5('D
M (X(L[ ;R$5(' XL7:( 7M :M> 47X(<  <U;(L& R57M @@L>$5 7M $::(' L<97<4
:4>L7R5;D 5( L<9 $< ( 7<R(L@L(R(' M R5( <U;(L >/ MR(@M <(('(' R> $:$U:R(
< U<9<>Y< XL7:( /L>; R5( 9<>Y< ><(MD
6#(" +22 ('/1.#'1 ).() 1#(' #' 1! /#' %"1'$ /6/1&
<. )FCX]W>C] KWFK:]>FC A:FW>]<BX
 KKA>.,
 ]F ]<. ]C@ .fBKA. X 5FAAFeXO X P' T W.
@CFeC+ FCAg ]<. dW>$A. X.] F# ' F* ' 1' 1 <X ]F $. B])<.,O
]W]>C: X.] LWC@ iM* P' T
>WX] X].K LWC@ IM* B])< F# e>]< % + B])< 1 e>]< %
.)FC, X].K LWC@ _M* B])< F$ e>]< % + B])< 1 e>]< %
C, L.d.Wg dW>$A. >X B])<.,M
<. F$]>C., B])<>C: >X ]<. 5FAAFe>C: FC.O
7O9 gX].B )CFC>)A ,.)FBKFX>]>FC I9^

 1 1 F# F* P T
% I I I
% 
 I
% I 

% 
 I
%
I I
% I 


.C).+ ]<. WC@>C: A:FW>]<B )C $. `X., ]F :.]  )FBKA.]. B])<>C: 5FW ]<. ]C@ XgX].BO 

+ 8.1% &(&!$ (%*(.!1!(&

$6&62 /1/*- 9@9D9=.9

57M M($R7>< L($::M  $:MM7$: L(MU:R /L>; 76@LR7R( 4L@5 R5(>L[& Y57$5 MRR(M R5R
<[ 0<7R(6'7;(<M7><: 4L@5 $< ( '($>;@>M(' 7<R> R5L(( MU4L@5M Y7R5 M@($70$
@L>@(LR7(M& L(M@($R7X(:[ MM>$7R(' Y7R5 < >X(L6$><MRL7<('&  8UMR6$><MRL7<(' <'
< U<'(L6$><MRL7<(' MUM[MR(;D 57M '($>;@>M7R7>< 7M $<><7$:& 7D(D />L  47X(<
M[MR(;& 7R 7M U<7EU(D 5( R5L(( MUM[MR(;M @:[  ;8>L L>:( 7< R5( <:[M7M >/ R5(
M[MR(; MRLU$RUL: @L>@(LR7(M% >M(LX7:7R[& $><RL>::7:7R[& ;><7R>L7:7R[& L($><046
UL7:7R[D

#/*=*1/ $6: 4A8)1/9=8*/ +@9=)1/9=8*/ @/8)1/9=8*/


'83(5
 %82& $( ( % (9 ++
% /C8'/-9>8(- ( >&8 (9  /,2+> ,>&(-% /- >& C8(+9  A> -/> /-
>& /-9>8(->9 
% )A9>'/-9>8(- ( >&8 (9  /,2+> ,>&(-% /- >& C8(+9  - /- >&
/-9>8(->9 
% A-8'/-9>8(- ( >&8 (9  /,2+> ,>&(-% /- >& /-9>8(->9  A> -/>
/- >& C8(+9 5

< < >X(L6$><MRL7<(' 4L@5& R5(L( L(;7<M  $>;@:(R( ;R$57<4 ><  /R(L <[
M7<4:( $><MRL7<R 5M ((< L(;>X(' /L>; R5( M(R D

6#(" +21 .().16 ( 1! .2 .)! ( 1! 1'$ /6/1&,


])<>C: _ F5 ]<. ]C@ :WK< >X )FBKA.]. e>]< W.XK.)] ]F ]<. dW>$A.X+ $`] ]<.W. >X X]>AA FC.
CFC=B])<., )FCX]W>C]* ]<. W.,`)., :WK< F5 ]<. ]C@ XgX].B >X Fd.W=)FCX]W>C.,O
I99 7O ]W`)]`WA CAgX>X

 1 1 F# F* P T
% I 
 I
% I I
% I 

% 
 I
% I 


] )C $. 5`W]<.WBFW. CF]>)., ]<] Cg F5 ]<. 7 )FCX]W>C]X )C $. W.BFd.,+ C, ]<.W. X]>AA >X 
)FBKA.]. B])<>C: FC ]<. W.X`A]>C: :WK<O 

5( 4L@5 >/  47X(< M[MR(;   $( % ;[ >/ $>ULM( /7: R> $></>L; R> <[ >/
R5( R5L(( @L>@(LR7(M '(0<(' >X(D < R57M $M(& 7R $< ( @L>X(' R5R R5(L( (Z7MRM 
U<7EU( '($>;@>M7R7>< >/  7<R> R5L(( MUM[MR(;M
'
$  $(  $
'
2  2(  $ @  2
'
  (  $ @  2 @  
MU$5 R5R
AB $  (  2 (  $ % />L;  @LR7R7>< >/ &
AB $  (  2 (  $ % />L;  @LR7R7>< >/ &
A$B $ $ (  $ % 7M >X(L6$><MRL7<('&
A'B $ 2 (  2 % 7M 8UMR6$><MRL7<('&
A(B $  (   % 7M U<'(L6$><MRL7<('D

%  $ 7M $::(' R5( /C8'/-9>8(- 9A9F9>, ($UM( 7R />::>YM /L>; R5( '(0<7R7><


R5R ! $ ! 2 ! $ !& Y57$5 ;(<M R5R R5( XL7:(M  $ A:(R ?$ ( R5(7L <U;(LB
5X( R> MR7M/[ ;>L( R5< ?$ $><MRL7<RMD

%  2 7M $::(' R5( )A9>'/-9>8(-


7 7 7 9A9F9>,
7 ($UM( 7R 7<RL>'U$(M M ;<[ <(Y
XL7:(M M $><MRL7<RM A7 2 7  7 2 7BD

% 7;7:L:[&   7M $::(' R5( A-8'/-9>8(- 9A9F9>,D R 7M $5L$R(L7M(' [


!  ! 2 !  ! A7R 7<RL>'U$(M ;>L( <(Y XL7:(M R5< $><MRL7<RMBD

74UL( 1DTT 7::UMRLR(M R5(


 $<><7$:  '($>;@>M7R7>< >/ R5( MRLU$RUL(
 4L@5& M5>Y6 
7<4 R5( @LR7R7>< >/  7<R>  $ (  2 (   <' R5( @LR7R7>< >/  7<R>  $ (  2 (  
Y57$5 '(0<( R5( R5L(( $<><7$: $>;@><(<RM >< 7RM 7<$7'(<$( ;RL7ZD 57R( L(M
L( \(L>M& 4L([ L(M $><R7< \(L>M <' ><(M& <' R5( R57$9 :7<( L(@L(M(<RM  ;R$56
7<4D 5( 04UL( @@:7(M /R(L R5( L>YM <' $>:U;<M 5X( ((< L(LL<4(' M> R5R R5(
;R$5(' XL7:(M <' $><MRL7<RM @@(L >< R5( '74><:D
R $< ( <>R7$(' R5R R5( >X(L6$><MRL7<(' MUM[MR(; ;[ $><R7< M(X(L: M;::(L
>X(L6$><MRL7<(' >L 8UMR6$><MRL7<(' ><(M AR :(MR ><( M;::(L >X(L6$><MRL7<(' MU6
M[MR(; 5M R> (Z7MR& >R5(LY7M( R5( >X(L:: 4L@5 Y>U:' ( 8UMR6$><MRL7<('& <'
>/ $>ULM( <> U<'(L6$><MRL7<(' MUM[MR(; $< ( />U<' 7< < >X(L6$><MRL7<('
7O9 gX].B )CFC>)A ,.)FBKFX>]>FC I97

  

  

 

+ +22+ CFC>)A ,.)FBKFX>]>FC F5 ]<. X]W`)]`W. :WK<

><(BD 7;7:L:[& R5( 8UMR6$><MRL7<(' MUM[MR(; $< $><R7< M(X(L: M;::(L 8UMR6
$><MRL7<(' ><(M A<> >X(L6$><MRL7<('& <> U<'(L6$><MRL7<(' MUM[MR(; $< (Z7MR
>R5(LY7M( 7R Y>U:' <>R ( 8UMR6$><MRL7<('B& <' 7< < U<'(L6$><MRL7<(' MUM[MR(;&
M(X(L: U<'(L6$><MRL7<(' ><(M A<> >X(L6$><MRL7<('& <> 8UMR6$><MRL7<('B ;[ (Z7MRD
UM[MR(;M Y57$5 $<<>R ( '($>;@>M(' 7<R> M;::(L ><(M L( ;7<7;: MUM[M6
R(;MD
6#(" +2 #'#&% /2/6/1&/
<. 5FAAFe>C: Fd.W=)FCX]W>C., XgX].B

 S S S S S
S
% I I
% I I
% I I I I
% I I
%
I I
% I I
% I

)FC]>CX X>f B>C>BA X`$XgX].BX+ 6d. $.>C: ?`X]=)FCX]W>C.,


% ' S !
% ' S ' S !
% ' S ' S !
% ' S ' S !
% ' S ' S !
C, ]<. AX] FC.
%
' % ' S ' S ' S ' S
' S 
$.>C: Fd.W=)FCX]W>C.,O <>X )C $. X..C 5WFB ]<. 5FAAFe>C: W.WWC:.B.C] F5 ]<. WFeX C,
)FA`BCX F5 ]<. >C)>,.C). B]W>fO
I9[ 7O ]W`)]`WA CAgX>X

 S S S S S S

% I
% I I
% I I
% I I
% I I
%
I I
% I I I I

6#(" +2 2 .)! ( 1! 1'$


.=WWC:>C: ]<. WFeX C, )FA`BCX F5 ]<. :WK< F5 ]<. ]C@+ ]<. >C)>,.C). B]W>f $.)FB.X*

 1 1 F* F# P T
% I I
% I I
% I I
% I I
% I I I

<W.. B>C>BA ?`X]=)FCX]W>C., X`$XgX].BX


'
% ' 1! '  '
% ' 1' 1 % ' 1' F* !
C, FC. Fd.W=)FCX]W>C., X`$XgX].B
'
 F * ' F# 
% ' % ' 1'
W. F$]>C.,O F]. ]<] ]<. ,.)FBKFX>]>FC >X >C,.K.C,.C] F5 ]<. @CFeC dW>$A.X+ e<>)< W.
,,., ]F ]<. W>:<] F5 ]<. ]$A. 5FW )FBKA.].C.XXO 

$6&6? /=838==*1/ 1" =( /1/*- 1.319*=*1/

< R57M M($R7><& R5( $<><7$: MUM[MR(;M L( <:[M(' /L>; R5( @>7<R >/ X7(Y >/ R5(
>X( MMU;@R7><M& 7D(D /L>; R5( @>7<R >/ X7(Y >/ R5( (Z7MR(<$( >/ M>:UR7><M& R5UM
@L>X7'7<4  9([ />L R5( <:[M7M >/ R5( M[MR(; >M(LX7:7R[ <' $><RL>::7:7R[D
7LMR& 7R 7M $:(L R5R MMU;@R7>< 1D? AB ;UMR ( MR7M0(' [ ($5 >/ R5( MUM(RM
>/ $><MRL7<RM  $ (  2 <'   D / R57M YM <>R RLU(& R5( M[MR(; ;>'(: Y>U:' 5X(
<> M>:UR7><& Y57$5 $><RL'7$RM R5( /$R R5R 7R '(M$L7(M R5( (5X7>UL >/  @5[M7$:
M[MR(; AY57$5 7<'((' 5M  M>:UR7><BD
($><'& 7< R5( MRLU$RUL: @>7<R >/ X7(Y& <[ :4(L7$ $><MRL7<R 7M MMU;(' R>
MR7M/[ MMU;@R7>< 1DT& R5UM  MUM(R >/ ? XL7:(M $>;@:(R(:[ ;R$5(' Y7R57< 
MUM(R >/ ? $><MRL7<R& 7M U<7EU(:[ '(0<('& Y57:( R5( L(MU:R '(@(<'M >< R5( $UM:7R[
<' >< R5( (Z7MR(<$( >/ '7//(L(<R7: :>>@M Y5(< $><MRL7<RM >/ R5( />L;
7O9 gX].B )CFC>)A ,.)FBKFX>]>FC I9Z

#
) Z. $P% 4 #D Z $P%  4
L( $><M7'(L('D
7<::[& 7R Y7:: ( M((< R5R R5(L( L( $M(M 7< Y57$5 MMU;@R7>< 1D? AB $<<>R
5>:' RLU(D

==* 9D9=.96 >L $:L7R[& :(R UM MRLR R5( <:[M7M Y7R5 MRR7$ M[MR(;M& Y5>M( (6
5X7>UL ;>'(: $><R7<M ><:[ :4(L7$ $><MRL7<RMD
< R5( 1A8)1/9=8*/ 9@9D9=.& $ $ ( $ $ %%& R5( XL7:(M  $ 5X( R> M6
R7M/[ ;>L( R5< ?$ $><MRL7<RM& Y57$5 MR7M/[ MMU;@R7>< 1DT <' 1D? AB& Y5(L(
?$ 7M R5( <U;(L >/ XL7:(MD 5(L(/>L(& R5([ (:><4 R> R5( 7<R(LM($R7>< >/ R5(
;<7/>:'M MM>$7R(' Y7R5 R5( $><MRL7<RM  $ D 7<$( R5(L( L( ;>L( ;<7/>:'M R5<
XL7:(M <> M>:UR7>< $< (Z7MR 7/ R5([ :M> MR7M/[ MMU;@R7>< 1D? ABD ($UM( R5(
;>'(: M5>U:' 5X( R :(MR ><( M>:UR7>< />L  47X(< @5[M7$: M[MR(;& ><( $><$:U'(M
R5R R5( $><MRL7<RM 7<  $ L( <>R 7<'(@(<'(<R& 7D(D R5( M[MR(; '(M$L7@R7>< 7M L('U<6
'<RD < >R5(L Y>L'M& />L R5( M[MR(; R> 5X(  M>:UR7><& M>;( $>;@R77:7R[ $><'76
R7><M ;UMR 5>:'D RLU$RUL: <:[M7M :Y MMU;(M R5( ;>MR 4(<(L: $M(& 7D(D R5(
;7<7;U; <U;(L >/ L(:R7><M (RY((< R5( M[MR(; @L;(R(LMD 57M ;(<M R5R R5(
<U;(L >/ 7<'(@(<'(<R $><MRL7<RM 7M ;Z7;:& R5UM :('7<4 R> R5( />::>Y7<4 (EU7X6
:(<R $><$:UM7><M%
% 5( >X(L6$><MRL7<(' MUM[MR(; 5M  U<7EU( M>:UR7>< A;>L( 4(<(L::[ 7R 5M 
0<7R( <U;(L >/ M>:UR7><MBD
% 5( <U;(L >/ 7<'(@(<'(<R $><MRL7<RM 7<  $ 7M ?$ D
% 5( <U;(L >/ $>;@R77:7R[ $><'7R7><M 7M ! $ ! 4 ?$ E
< R5( +@9=)1/9=8*/ 9@9D9=.& $ 2 ( $ 2 %%& R5( ?2 XL7:(M 7< R5( M(R  2
5X( R> MR7M/[ (Z$R:[ ?2 $><MRL7<RM& Y57$5 MR7M/[ MMU;@R7>< 1DT <' 1D? ABD 
U<7EU( M>:UR7>< (Z7MRM& Y57$5 7M R5( 7<R(LM($R7>< >/ R5( ;<7/>:'M MM>$7R(' Y7R5
R5( $><MRL7<RM  2 & Y57$5 L( MMU;(' R> MR7M/[ MMU;@R7>< 1D? ABD 57M (7<4 R5(
;>MR 4(<(L: $M(& MRLU$RUL: <:[M7M @L>@>M(M R5( />::>Y7<4 $><$:UM7><MD
% 5( 8UMR6$><MRL7<(' MUM[MR(; 5M  U<7EU( M>:UR7><D
% 5( <U;(L >/ 7<'(@(<'(<R $><MRL7<RM 7<  2 7M ?2 D
% 5(L( 7M <> $>;@R77:7R[ $><'7R7><D
< R5( @/8)1/9=8*/ 9@9D9=.& $  ( $  %%& R5( ? XL7:(M 7< R5( M(R
 5X( R> MR7M/[ :(MM R5< ? $><MRL7<RM& Y57$5 MR7M/[ MMU;@R7>< 1DT <' 1D?


ABD :: Y5R R5( ;>'(: $< R(:: 7M R5R R5( U<7EU( M>:UR7>< >/ R5( @5[M7$: M[MR(;
(:><4M R> R5( 7<R(LM($R7>< >/ :(MM R5< ? ;<7/>:'M& <' R5UM 7R 7M <>R U<7EU(:[
'(0<(' [ R5( ;>'(:D R (:><4M R>  ;<7/>:' >/ '7;(<M7>< ? 4 !  ! 7/ R5( $><6
MRL7<RM :M> MR7M/[ MMU;@R7>< 1D? ABD 57M (7<4 R5( ;>MR 4(<(L: $M(& MRLU$RUL:
<:[M7M @L>@>M(M R5( />::>Y7<4 $><$:UM7><MD
% 5( U<'(L6$><MRL7<(' MUM[MR(; 5M <> U<7EU( M>:UR7><D
% 5( $><MRL7<RM 7<   L( 7<'(@(<'(<RD
% 5(L( 7M <> $>;@R77:7R[ $><'7R7><D
I92 7O ]W`)]`WA CAgX>X

6#(" +2/ (&)1##%#16 ('#1#('/ #' ' (3."('/1.#' /2/6/1&


FCX>,.W ]<. X.] F5 A>C.W )FCX]W>C]X
% ! S # #  S , T   0
% ! S # # S , T  0 L7OIZM
% ! S # # S , T  0'
e<.W. !  ! ' ! ' ! ! ' #  # ' # ' # ! W. @CFeC KWB.].WX C, T  T ' T ' T !
W. @CFeC dW>$A.XO <>X XgX].B >X )A.WAg Fd.W=)FCX]W>C., e>]< W.XK.)] ]F ]<. `C@CFeC
dW>$A.X S ' S !O .] `X )FCX>,.W ]<. 5FAAFe>C: )X.XO

IO WC@ !' #' T


 ++ >O.O ]<. KWB.].WX !+ # C, ]<. @CFeC dW>$A.X T W. >C,.K.C,.C]
d.)]FWX+ >O.O ]<.>W C>C. )FBKFC.C]X )C $. )<FX.C W$>]WW>AgO <. XgX].B <X >C :.C.WA
CF XFA`]>FC+ X>C). ]<. ]<W.. )FCX]W>C]X W. >C)FBK]>$A.O XX`BK]>FCX 7OI C, 7O_ )CCF]
<FA, X>B`A]C.F`XAgO
_O 5 WC@ !' #' T
 -+ FC. XFA`]>FC .f>X]XO F]. ]<] ]<. KWB.].WX C, ]<. @CFeC
dW>$A.X W. CF AFC:.W >C,.K.C,.C] LCB.Ag !' #' T
<X FC. C`AA .>:.CdA`.+ ]<`X
$ 6' : ! 0 X`)< ]<] T  6! # :#+ e<>)< >X ]<. )FBK]>$>A>]g )FC,>]>FCMO <.
`C>Q`. XFA`]>FC >X S  6 C, S  :O
^O 5 WC@ !' #' T
 + !' #' T
<X ]eF C`AA .>:.CdA`.X+ ]<`X $ 6' : ! 0 X`)< ]<]
T  6!  :#+ C, BFW. ]<C FC. XFA`]>FC .f>X]XO Cg K>W S ' S ! X`)< ]<] S #
S , 6:  0 X]>X6.X ]<. XgX].B F5 .Q`]>FCXO F]. ]<] >C ]<] )X.+ ]eF )FBK]>$>A>]g
)FC,>]>FCX .f>X]+ C, XX`BK]>FC 7OI ,F.X CF] <FA,O
9O <. AX] )X. >X WC@ !' #' T
 0+ >O.O !  #  T  0O C ]<>X )X.+ AA KWB.].WX W.
XK.)>6., C, Cg K>W S' T! !  X]>X6.X ]<. XgX].B F5 .Q`]>FCXO XX`BK]>FC 7O_
,F.X CF] <FA,O
>C). L7OIZM >X ]<. $.<d>F`W BF,.A F5  K<gX>)A XgX].B+ >] X<F`A, .f<>$>] ] A.X] FC.
XFA`]>FCO <.C F$d>F`XAg ]<. BFX] :.C.WA X>]`]>FC >X )X. C`B$.W _ >C e<>)< FCAg FC.
W.A]>FC <FA,X $.]e..C ]<. KWB.].WXO <>X >X e<] >X XX`B., $g ]<. X]W`)]`WA KF>C] F5
d>.eO 

D/.*-9D9=.96 (;(;(LR5R&Y5(<'7//(L(<R7:$><MRL7<RML($><M7'(L('&
;R$57<4::R5(XL7:(M7<MUM[MR(;4UL<R((MR5RR5(L(7MU<7EU(M>:UR7><
U<'(L7<R(4L:$UM:7R[&7D(DY5(<R5(7<7R7:$><'7R7><ML(9<>Y<D<'(L'(L7XR7X(
$UM:7R[& R5( M>:UR7>< 7M U<7EU( 7/ <' ><:[ 7/ R5(L( 7M  ;R$57<4 Y57$5 X>7'M
'7//(L(<R7::>>@MD
(R?$ AL(M@($R7X(:[?2 (?B(R5(;Z7;:<U;(L>/XL7:(MY57$5$<(
;R$5('7<R5(>X(L6$><MRL7<('MUM[MR(;AL(M@($R7X(:[7<R5(8UMR6$><MRL7<('&R5(
U<'(L6$><MRL7<('MUM[MR(;MBY7R5>UR7<RL>'U$7<4<['7//(L(<R7::>>@D<(>X76
>UM:[5M?$ / ?$ ( ?2 / ?2 ( ? / ? D
5(>X(L6$><MRL7<('AL(M@($R7X(:[R5(8UMR6$><MRL7<('BMUM[MR(;7M$::('A9+
7/R5(L((Z7MRM$>;@:(R(;R$57<4Y7R5L(M@($RR>R5(XL7:(M $ AL(M@($R7X(:[
 2 BY57$5'>(M<>R$><R7<<['7//(L(<R7::>>@&7D(D7/><(5M?$ ?$ AL(M@($6
R7X(:[?2 ?2 BD>R(R5RR5(U<'(L6$><MRL7<('MUM[MR(;$<>X7>UM:[<>R(
$UM:&M7<$(R5(L('>(M<>R(X(<(Z7MR<[$>;@:(R(;R$57<4Y7R5L(M@($RR>  D
5(<R5(>X(L6$><MRL7<('AL(M@($R7X(:[R5(8UMR6$><MRL7<('BMUM[MR(;7M$UM:&
R5(M;($><$:UM7><MM>X(>X7>UM:[@@:[/>LR5(7<R(L@L(RR7><>/R5(R5L((
7O7 $X.Wd$>A>]g I9D

$<><7$: MUM[MR(;MD  <><6$UM: MUM[MR(; '>(M <>R (Z577R :: U<7EU( M>:UR7><&
M7<$( R5(L( L( ?$ 4 ?$ XL7:(M 7< R5( >X(L6$><MRL7<(' MUM[MR(; AL(M@($R7X(:[
?2 4 ?2 XL7:(M 7< R5( 8UMR6$><MRL7<(' ><(B Y57$5 L( ;R$5(' 7< '7//(L(<R7:
:>>@M& 7D(D Y57$5 L( '(0<(' U@ R> < U<9<>Y< $><MR<RD

6#(" +2. 2/% (3."('/1.#' /6/1&


X C .fBKA.+ )FCX>,.W ]<. 5FAAFe>C: XgX].B
% S , ! S , #P  0
% S , " S , $P  0

% S , 5 S  0'
e<>)< >X Fd.W=)FCX]W>C., e>]< W.XK.)] ]F ]<. dW>$A.X S ' S ! C, e<.W. P >X X`KKFX.,
]F $. @CFeCO <. XgX].B >X )`XA X>C). S ' S ! )C $. B])<., e>]< % ' % ! C, ]<>X
>C]WF,`).X CF ,>55.W.C]>A AFFKO <`X+ ]<.W. >X  `C>Q`. XFA`]>FC+ e<>)< >X F$]>C., 5WFB ]<.
>C].WX.)]>FC F5 ]<. ]eF BC>5FA,X XXF)>]., e>]< % ' % !*
$,#
S  P
!,"
 %
!$ , "#
S  PA
!,"
! , " >X XX`B., CF] ]F $. h.WFO FW.Fd.W+ )FCX]W>C] % >X W.,`C,C]+ C, )]X X  )FBK]=
>$>A>]g )FC,>]>FC e<>)< <X ]F $. X]>X6., 5FW ]<. XgX].B XFA`]>FC ]F .f>X]+ CB.Ag
 %
!$ , "# $,#
P, P  0A
!," !,"
`KKFX. CFe ]<] )FCX]W>C] % ,F.X CF] .f>X]+ ]<.C ]<. XgX].B >X ?`X]=)FCX]W>C., $`] >] >X
CF] )`XA+ C, >]X XFA`]>FC >X ,.6C., `K ]F ]<. )FCX]C] S 0!+ e<>)< >X `C@CFeC `C,.W
,>55.W.C]>A )`XA>]gO 

+ .-5!$!18

$6$62 98A*-*=D / 1.3@=*-*=D

/1B/ / @/,/1B/ A8*-96 5( M[MR(; XL7:(M  L( '($>;@>M(' 7<R>
9<>Y< AR5( M(R B <' U<9<>Y< ><(M AR5( M(R  BD <>Y< XL7:(M L( X7::(
7< L(: R7;(& Y57:( U<9<>Y< XL7:(M L( <>R '7L($R:[ ;(MUL('D >Y(X(L& R5(L(
;745R (Z7MR M>;( Y[ R> $>;@UR( R5(7L X:U( /L>; R5( X:U(M >/ 9<>Y< ><(M A@MR
<' @L(M(<R X:U(M L( $><M7'(L(' 7< '7M$L(R( R7;( ;>'(:M& Y57:( XL7:(M <' R5(7L
'(L7XR7X(M L( $><M7'(L(' 7< $><R7<U>UM R7;( ;>'(:MBD <:[M7<4 R5( M[MR(; >6
M(LX7:7R[ $>7<$7'(M Y7R5 7'(<R7/[7<4 R5>M( U<9<>Y< XL7:(M />L Y57$5 MU$5 @>M6
M77:7R[ (Z7MRMD
><M7'(L7<4 R5( 4(<(L: M[MR(; '(M$L7(' [ R5( EMD A1D?B& A1DTB& A1DSB <' A1D3B
9 #  ) $9# ( 9 ( 6% A1D?+B
  - $9# ( 9 ( 6% A1D?=B
I7i 7O ]W`)]`WA CAgX>X

: + $9# ( 9 ( 6% A1DT]B
)
9 #  9# ( A1DT?B
)P
R5( M(R >/ 9<>Y< XL7:(M 7M  6 @ :& R5( M(R >/ U<9<>Y< XL7:(M  
#
9 @ 9# @ 9 # <' R5( M(R >/ $><MRL7<RM   ) @ - @ + @ #D D >::>Y7<4 R5(
'($>;@>M7R7>< >/  7<R> @  (  7M '($>;@>M(' 7<R>  @  & Y5(L(
  #& ) + $&% .   *$
  #& ) + $&% .  6 *$ E
 7M >X7>UM:[ R5( :L4(MR MUM(R >/ $><MRL7<RM MU$5 R5R $ % < D R $< (
<>R7$(' R5R R5( L(:R7><M Y57$5 '(0<( $><RL>: :4>L7R5;M (:><4 R>  M7<$( R5([
7<RL>'U$( $><MRL7<RM (RY((< R5( M(<M>L >UR@UR& R5( $><RL>: >8($R7X(M AM(R6@>7<RM&
RL$9(' RL8($R>L7(M& 0<: MRR(MB <' R5( $><RL>: >UR@UR& Y57$5 L( :: 9<>Y< XL76
:(MD 5( 7; (7<4 R> <:[M( R5( @>MM77:7R[ >/ $>;@UR7<4 R5( U<9<>Y<M  & ><:[
R5( MU4L@5 $ (  (  % <(('M R> ( '($>;@>M('D

#,! +1 /.3#%#16 ' (&)21#%#16


FCX>,.W ]<. X.]   / 6 / 6 /  F5 ]<. `C@CFeC dW>$A.XO FW ]<. X]]>) dW>$A.X /  +
]<. ].WB TF$X.Wd$A.U <X F$d>F`XAg ]<. XB. B.C>C: X ]<. ].WB T)FBK`]$A.UO B.Ag+ >]
B.CX ]<] ]<.>W ]W?.)]FW>.X )C $. ,.].WB>C., 5WFB ]<. @CFeA.,:. F5 ]<. ]W?.)]FW>.X F5 ]<.
@CFeC dW>$A.XO FCX>,.W  ,gCB>)A dW>$A. S# ! / O ] KK.WX AFC: e>]< >]X ,.W>d]>d.
>C ]<. XgX].B $.<d>F`W BF,.AO <.W.5FW.+ X.d.WA )X.X <d. ]F $. )FCX>,.W.,*
X. I* S# C, S # )C $. )FBK`].,A
X. _* S # )C $. )FBK`].,+ $`] CF] S# A
X. ^* S# )C $. )FBK`].,+ $`] CF] S # A
X. 9* CFW S# C.>]<.W S # )C $. )FBK`].,A
X. ^ F$d>F`XAg )CCF] .f>X]+ X>C). ]<. @CFeA.,:. F5 S# L! >BKA>.X ]<. @CFeA.,:. F5 S # L!O
C )X. I+ S# C, S # W. $F]< )FBK`]$A. C, S# >X F$X.Wd$A.O C )X. _+ S# >X `CF$X.Wd=
$A.+ A]<F`:< S # >X )FBK`]$A.+ C, >C )X. 9 CF FC. >X )FBK`]$A.+ C, S# >X `CF$X.Wd=
$A.O <.W.5FW.+ ]<. X.] F5 )FBK`]$A. dW>$A.X >C)A`,.X L$`] >X CF] W.X]W>)]., ]FM ]<. X.] F5
F$X.Wd$A. dW>$A.X+ >5 TdW>$A.U B.CX T)FBKFC.C] F5 ]<. X]]. d.)]FWU X `X`A >C ]<. )FC=
]WFA A>].W]`W.O C ]<. 5WB.eFW@ F5 ]<>X )<K].W+ X>C). TdW>$A.U B.CX Cg )FBKFC.C] >C
/ 6 / 6 /  + F$X.Wd$>A>]g C, )FBK`]$>A>]g ,F >C,.., )F>C)>,.O FW .fBKA. >C )X. I+
e. Xg ]<] dW>$A. S # >X F$X.Wd$A. C, XF >X AXF dW>$A. S# + >C )X. _+ S # >X F$X.Wd$A.
e<>A. S# >X CF]+ C, >C )X. 9+ CF FC. F5 ]<.B >X F$X.Wd$A.O 

$6$6? =8@=@8- 198A*-*=D 1/*=*1/9

(R
$
$  $ (  $%
2  2
$ (  $ @  2%

  $ (  $ @  2 @   %
7O7 $X.Wd$>A>]g I7I

( R5( $<><7$: '($>;@>M7R7>< >/ R5( MU4L@5 $ (  (  % MM>$7R(' Y7R5 M[M6
R(; A1D?+B , A1DT?BD

(18. $6> 4=8@=@8- 198A*-*=D5


 -998F - 9A !(-> /-(>(/- /8 9F9>, 3"514  3"5@14 >/  9>8A>A8++F
/98C+ (9 >&> A-8 8(C>(C A9+(>F
15 ++ >& A-*-/D- C8(+9 8 8&+ 8/, >& *-/D- /-9
@5 >& /C8'/-9>8(- - >& )A9>'/-9>8(-> 9A9F9>,9 8 A9+
?5 >& A-8'/-9>8(- 9A9F9>, (9 ,2>F5

><'7R7>< ? (Z@L(MM(M R5R R5(L( '>(M <>R (Z7MR <[ MUM[MR(; Y5>M( (5X7>UL
7M <>R L(2($R(' 7< R5( (5X7>UL >/ R5( 9<>Y< XL7:(M& Y57:( $><'7R7><M T <'
S (Z@L(MM R5R :: R5( XL7:(M $< ( ;R$5(' UM7<4 $UM: ;R$57<4M& 7D(D R5([
(:><4 R> R5( 7<R(LM($R7>< >/ R :(MR M ;<[ ;<7/>:'M M U<9<>Y<M& <' R5UM R5([
L( U<7EU(:[ '(0<(' ><$( R5( 9<>Y< XL7:(M L( 47X(<D
>R( R5R M7<$( '(L7XR7X( $UM:7R[ 7M 7<X>9('& $><'7R7>< ? $>U:' M Y(:: 5X(
((< MRR(' M% :: R5( XL7:(M 9 @ 9# L( L($5:( /L>; R5( 9<>Y< ><(M AM7<$(
U<'(L '(L7XR7X( $UM:7R[& 9 # $< :Y ( L($5(' /L>; 9# BD

6#(" +2 ('".!#%#16


FCX>,.W ]<. 5FAAFe>C: >C)>,.C). B]W>f+ >C e<>)< ]<. dW>$A. S >X CF] W.)<$A. 5WFB ]<.
F`]K`]O

 S S S S  S S  P T
% I I I I
(  I
% I I I
(  I
% I I
(  I
9 I I

<. XgX].B .Q`]>FCX XXF)>]., e>]< X`)<  X]W`)]`W. W. F$d>F`XAg F5 ]<. 5FWB
S   . S ' S ' P!
`$XgX].B I S  . S ' S !
L7O__M
T  1 S !
`$XgX].B _ S   .  S !
C, >] >X X..C ]<] X`$XgX].B _ )C $g CF B.CX $. F$X.Wd$A.O 
I7_ 7O ]W`)]`WA CAgX>X

6#(" +2% /.3#%#16 (  '('%#'. /6/1&


FCX>,.W ]<. 5FAAFe>C: CFC=A>C.W ,gCB>)A XgX].B e>]< ]eF X]].X+ ]eF >CK`] X>:CAX+ FC.
KWB.].W C, FC. X.CXFW*
% S   N , !S P
% S  P
9 T  S A
<>X XgX].B >X Fd.W=)FCX]W>C.,+ C, >] X]>X6.X ]<. ]<W.. )FC,>]>FCX F5 ]<. $Fd. ]<.FW.BO
<. 5FAAFe>C: B])<>C: AAFeX ]F )FBK`]. ]<. X]].O

 S  S S S P P T
% I 
 I
% I I
( 
 
( 
 
9 
 I

] )C $. CF]>)., ]<] S )C $. W.)<., 5WFB ]<. @CFeC dW>$A.X >5 C, FCAg >5 ]<. B])<>C:
% ' S ! )C $. `X.,+ e<>)< B.CX ]<] ]<. ]eF )FC,>]>FCX
P . 0 C, N . 
X>B`A]C.F`XAg <FA,O 5 CF]+ ]<. XgX].B >X CF] F$X.Wd$A.+ X>C). ]<.W. >X CF B])<>C: $g B.CX
F5 e<>)< S )F`A, $. )FBK`]., `C,.W ,.W>d]>d. )`XA>]gO <>X .fBKA. .BK<X>X.X ]<. 5)]
]<] X]W`)]`WA KWFK.W]>.X KWFd>,. W.X`A]X e<>)< W. dA>, 5FW ABFX] .d.Wg dA`. F5 ]<. XgX].B
KWB.].WX 1 F;+/<O ] )C $. CF]>)., ]<] ]<. XgX].B $.>C: Fd.W=)FCX]W>C.,+ )FCX]W>C]
% >X CF] B])<., C, KWFd>,.X C >CK`]=F`]K`] W.A]>FC e<FX. .fKW.XX>FC >X
( T L!
 P L!A 
(L P L!

$6$6> 98A*-*=D 1" -*/8 9D9=.9

(R UM $><M7'(L R5( :7<(L R7;(67<XL7<R '(R(L;7<7MR7$ M[MR(;



9$P%  9$P% A1DTSB
:  9( A1DT3B
Y5(L( 9 <' : L( L(M@($R7X(:[ >/ '7;(<M7><M ? <' CD 5( MRR( 7M >M(LX:( 7/ <'
><:[ 7/ R5( />::>Y7<4 $><'7R7>< 5>:'M
$ +

#  *
# *
+ M ) MU$5 R5R L<9 # *  ?( A1DT1B
" EEE )
4
/>L Y57$5  <($(MML[ $><'7R7>< 7M
7O7 $X.Wd$>A>]g I7^

 &

)  ?E A1DTPB

>R( R5R A1DTPB ;(<M& 7< MRLU$RUL: R(L;M& R5R R5( U<9<>Y< XL7:(M 9 (:><4 R>
 $UM: 8UMR6$><MRL7<(' >L >X(L6$><MRL7<(' MUM[MR(;& Y5(< '(L7XR7X( $UM:7R[
7M 7;@>M('D 5( MRLU$RUL: 4L@5 7M

 9 : 9
$

-

#


Y5(L( $ L( R5( ;R5(;R7$: $><MRL7<RM AY57$5 (Z@L(MM R5R '>RM ;(< '(L7X6
R7X(MB& - L( R5( $><MRL7<RM /L>; R5( ;(MUL(;(<R ED A1DT3B& <' # L( R5( M[MR(;
$><MRL7<RM A1DTSBD   <'   L( R5( MRLU$RUL(M MM>$7R(' Y7R5 ;RL7$(M  <'
D 7<$( <> XL7:( 7< 9 $< ( ;R$5(' /L>; <[ $><MRL7<R 7< $& R5( M[MR(;
$# @ -( 9 @ 9 @ :% ;UMR 7<'((' ( >X(L6$><MRL7<(' Y7R5 L(M@($R R> 9D R $< (
<>R(' R5R R57M '>(M <>R $><MR7RUR(  MU/0$7(<R $><'7R7><& ($UM( R5( M[MR(; @L;6
(R(LM ;745R 5X( X:U(M MU$5 R5R A1DT1B , >L A1DTPB , 7M <>R MR7M0('D

6#(" +19 /.3#%#16 ( %#'. /6/1&/


FCX>,.W ]<. `CF$X.Wd$A. A>C.W ]>B.=>CdW>C] XgX].B
$ + $ +$ +
S  0 0 % S
" S )  "0 0 ()" S ) L7O_ZM
S  ! # * S
$ +
S
T  0 0 -! " S ) ' L7O_2M
S
e<.W. ]<. KWB.].WX !' #' %' (' *' - )C ]@. Cg W.A dA`.O ]X X]W`)]`W. >X :>d.C $g ]<.
>C)>,.C). B]W>f

 S  S S  S S S T
% I I
% I I
% I I I I
( I 
( I 
( I 
9 I I

e<.W. ]<. )FCX]W>C]X % ' % ' % W. ]<. XgX].B L7O_ZM+ ]<. )FCX]W>C]X ( ' ( ' ( .fKW.XX ]<.
,.W>d]>d. A>C@ $.]e..C ]<. S ' S ' S C, ]<. S  ' S ' S  LW.B.B$.W ]<] FCAg ,.W>d]>d.
I79 7O ]W`)]`WA CAgX>X

)`XA>]g >X AAFe.,M C, 9 >X ]<. B.X`W.B.C] QO L7O_2MO <>X XgX].B )C $. ,.)FBKFX.,
$
>C]F  ?`X]=)FCX]W>C., KW]   % ' % ' ( ' 9+  $  S  ' S ' S  ' S  5WFB e<>)<
S  ' S ' S  C, S )C $. )FBK`]., X 5`C)]>FCX F5 T+ L5FW ABFX] AA dA`.X F5 ]<. KWB.=

].WXM+ C, C `C,.W=)FCX]W>C., FC.   % ' ( ' ( +    S ' S  >C e<>)< S C,
S X<F`A, $F]< $. )FBK`]., 5WFB )FCX]W>C] % LX>C). ]<.g )C $. B])<., C.>]<.W e>]< (
CFW e>]< ( MO ] )C $. )<.)@., ]<] ,,>C: T C, ]<. XXF)>]., )FCX]W>C]X+ ]<. X`$XgX].B
% ' ( ' ( ' S ' S ! W.B>CX `C,.W=)FCX]W>C., C, ]<] ]<>X e>AA AegX $. ]<. )X.
e<.C BFW. X>:CAX T # e>AA $. )FCX>,.W.,O <>X B.CX ]<] ]<. >C5FWB]>FC d>A$A. 5WFB
]<. X.CXFW >X .CF`:< ]F KA). S ' S ! >C  X`$XK). F5 ,>B.CX>FC FC. LX>C). ]<.g W. A>C@.,
$g FC. )FCX]W>C] e<>)< >X @CFeC ]F $. A>C.WM+ $`] >X CF] .CF`:< ]F )FBK`]. ]<. )]`A dA`.
F5 ]<>X d.)]FWO <. F$X.Wd$>A>]g B]W>f
$ + $ +
 0 0 -
"  )  " !- #- *- )
 !*- #*- !% # #( # * !-
>X CF] 5`AA WC@+ e<].d.W ]<. )F.56)>.C]X !' #' %' (' *' - + C, >] )C $. )<.)@., ]<] CF BFW.
]<C ]<. A>C.W 5FWB !S # #S )C $. ,.].WB>C., 5WFB ]<. F$X.Wd]>FC T' T'  AAAT 2 ! 5FW Cg
I % O
FCX>,.W ]<. XB. A>C.W ]>B.=>CdW>C] XgX].B+ >C e<>)< ]<. X.)FC, X]]. >X CFe B.X`W.,
L]<. XgX].B >X CFe F$X.Wd$A.M
$ + $ +$ +
S  0 0 % S
" S )  "0 0 ()" S ) L7O_DM
S  ! # * S
$ +
S
T  0 - 0! " S ) A L7O^iM
S
<. X]W`)]`WA :WK< >X

 S  S S  S S S T
% I I
% I I
% I I I I
( I 
( I 
( I 
9 I I

C, ]<. 5FAAFe>C: )`XA B])<>C: X<FeX ]<] AA ]<. )FBKFC.C]X F5 ]<. X]]. )C $. )FBK`].,
5WFB T C, >]X ,.W>d]>d.XO
7O7 $X.Wd$>A>]g I77

 S  S S  S S S T
% I I
% I 

% I 
 I I 
( 
 
( 
 
( 
 
9 
 I

$6$6& 83()9*/=838==*1//"18.-1.3@==*1/

7<$( < >L7(<R(' 4L@5 $< ( MM>$7R(' Y7R5 ($5 ;R$57<4& R5( >M(LX7:7R[
@L>@(LR[$<(<:[M('/L>;4L@56R5(>L(R7$:@>7<R>/X7(YD (RW(<>6
M(LX:(XL7:(D5(<W$<(;R$5('Y7R5$><MRL7<RR5(7<@UR>/Y57$57M
(7R5(L9<>Y<>LM(R>/>M(LX:(XL7:(MD(@(R7<4R57ML4U;(<R&7R/>::>YM
R5R/>LWR>(>M(LX:(&7R7M<($(MML[R5RR5(L((Z7MRMR:(MR><(MU4L@5A
M(R>/:R(L<R('$57<MBY57$5:7<9MR57MXL7:(A$::7RR5(RL4(RB<'R5(M(R>/
R5(9<>Y<><(M6@ :&<'R5R<><><6>M(LX:(XL7:($RMM<7<@UR7<<[
$><MRL7<R>/R57MMU4L@5D57M;(<MR5RR5(MU4L@5Y7R5R5(>M(LX:(RL4(R
W;[$><R7<:4(L7$:>>@M&UR7R'>(M<>R$><R7<<['7//(L(<R7::>>@D
5($><MRL7<RM:><4R5(:R(L<R('$57<MM5>YR5($>;@URR7><MY57$5L(R>
(@(L/>L;('7<>L'(LR>$>;@UR(WAR5([$>U:'(UR>;R7$::[<:[M('7<>L'(L
R>@L>X7'(R5(/>L;:(Z@L(MM7><>/WBD5($L>MM7<4>/M7;@:(:4(L7$$><MRL7<R
;(<MR5RR5(;R$5('XL7:(7M$>;@UR('M/U<$R7><>/R5(<><6;R$5('><(MD
<:4(L7$:>>@M5>YMR5RM[MR(;>/M7;U:R<(>UM$><MRL7<RM5MR>(M>:X('&
@L>X7'7<4MM>:UR7><::R5(XL7:(M;R$5('Y7R57<R5(:>>@D5($L>MM7<4>/
'(L7XR7X($><MRL7<R;(<MR5RR5(<><6;R$5('XL7:(5MR>('(L7XR('7<
>L'(L R> >R7< R5( ;R$5(' XL7:( AL(;(;(L R5R ><:[ '(L7XR7X( $UM:7R[ 7M
::>Y('BD5(<U;(L>/'(L7XR7X($><MRL7<RMY57$5L($L>MM('(RY((<47X(<
7<@UR<'R5(RL4(RM5>YMR5(;Z7;U;>L'(L>/'(L7XR7><<(('('><R57M7<@UR/>L
$>;@UR7<4R57MRL4(RD
>R(R5RR57M7<R(L@L(RR7><(Z@L(MM(MR5RW(:><4MR>8UMR>L<>X(L6$><MRL7<('
$UM:MUM[MR(;D /WY(L(R>(:><4R><U<'(L6$><MRL7<('MUM[MR(;&R5($>L6
L(M@><'7<4MU4L@5Y>U:'5X(:(MM$><MRL7<RMR5<XL7:(M&7D(DM>;(U<9<>Y<
XL7:(MY>U:'(7<@URM74<:MR>$><MRL7<RMY57:((7<4>UR@UR>/<>>R5(L$><6
MRL7<R A7D(D (7<4 <>R ;R$5('& R5UM <><6>M(LX:(BD 74UL( 1DTS M5>YM R5( RY>
4L@5MMM>$7R('Y7R5R5(:7<(LM[MR(;MA1DTOB&A1DT+B<'A1DT=B&A1DS]BY57$5L(
L(M@($R7X(:[<><6>M(LX:(<'>M(LX:(D R$<(M((<R5R7<R5(0LMR$M(&(76
R5(LW. >LW MR<'MM<U<9<>Y<7<@UR>/$><MRL7<R&, Y57:(7<R5(M($><'$M(&
>R5$<(;R$5('R5UM@L>X7'7<4::R5(MRR(MY7R59<>Y<@L('($(MM>LMRM>;(
:(X(:D
I7[ 7O ]W`)]`WA CAgX>X

 

      

    

         

    
 

   

      

      

              

+ +21+ WK<=$X., >C].WKW.]]>FC F5 ]<. F$X.Wd$>A>]g KWFK.W]g

5(< '7//(L(<R (MR7;R7>< MU4L@5M Y7R5 R5( M;( RL4(R (Z7MR& R5([ @L>X7'( '7/6
/(L(<R $>;@URR7>< M$5(;(M />L R5( M;( XL7:(D 57M /(RUL( 7M >/ 7<R(L(MR Y5(<
;><7R>L7:7R[ <' L($><04UL7:7R[ L( $><M7'(L('D

+0 (&!1(-!$!18

 M[MR(; 7M M7' R> ( ,/-(>/8+ 7/ 7R $< ( '(R(L;7<('& UM7<4 ><:[ ARL8($R>L7(M


>/B 9<>Y< XL7:(M& Y5(R5(L R5( M[MR(; $><MRL7<RM L( MR7M0(' >L <>RD 57M M($6
R7>< 7M $><$(L<(' Y7R5 R5( <:[M7M >/ M[MR(; ;><7R>L7:7R[& <' Y7R5 R5( '(M74<
>/ /U:R '(R($R7>< <' 7M>:R7>< :4>L7R5;M M(' >< -+F>(+ A--F +'
>(/-9 AMBD <:[R7$: L('U<'<$[6M(' /U:R '74<>M7M RL7(M R> 7'(<R7/[ /U:RM
[ $>;@L7<4 R5( $RU: (5X7>UL >/ R5( M[MR(;& Y57$5 7M >M(LX(' R5L>U45 R5(
R7;( (X>:UR7>< >/ R5( 9<>Y< XL7:(M& Y7R5 R5( R5(>L(R7$: (5X7>UL '(M$L7(' [
R5( M[MR(; $><MRL7<RMD 57M $>;@L7M>< $< ( @(L/>L;(' ><:[ 7/ M>;( L('U<'<$[
(Z7MRM 7< R5( M[MR(;D M L( R5( $><MRL7<RM R5R (Z@L(MM R57M L('U<'<$[D < R57M
M($R7><& R5( <:[R7$: L('U<'<$[ L(:R7><6M(' @@L>$5 R> /U:R '74<>M7M 7M 0LMR
L7(2[ L($::(' <' MRR(' 7< R5( /L;( >/ MRLU$RUL: <:[M7M& :('7<4 R> $5L$R(L7M(
R5( MRLU$RUL::[ ;><7R>L:( @LR >/ R5( M[MR(;D 5( @L>:(; >/ '(M74<7<4 L>UMR <'
MRLU$RUL(' L(M7'U:M 7M R5(< ''L(MM('D
7O[ FC>]FW$>A>]g I7Z

$6;62 /-D=*- 8@//D)9 "@-= ==*1/ / *91-=*1/

<:[R7$: L('U<'<$[ L(:R7><M L( MRR7$ >L '[<;7$: $><MRL7<RM Y57$5 :7<9 R5(
R7;( (X>:UR7>< >/ R5( 9<>Y< XL7:(M Y5(< R5( M[MR(; >@(LR(M $$>L'7<4 R> 7RM
<>L;: >@(LR7>< ;>'(:D <$( M L( '(M74<('& R5( /U:R '(R($R7>< @L>$('UL(
$5($9M R ($5 R7;( Y5(R5(L R5([ L( MR7M0(' >L <>R& <' Y5(< <>R& R5( /U:R 7M>6
:R7>< @L>$('UL( 7'(<R70(M R5( M[MR(; $>;@><(<RAMB Y57$5 7M AL(B R> ( MUM@($R('D
5( (Z7MR(<$( >/  7M R5UM  @L(L(EU7M7R( R> R5( '(M74< >/ /U:R '74<>M7M @L>$(6
'UL(MD >L(>X(L& 7< >L'(L />L R5( /U:R '74<>M7M @L>$('UL( R> Y>L9 @L>@(L:[& 
M5>U:' 5X( R5( />::>Y7<4 @L>@(LR7(M%
% >UMR& 7D(D 7<M(<M7R7X( R> U<9<>Y< 7<@UR <' U<9<>Y< @L;(R(LMD 57M 7<MUL(M
R5R R5([ L( MR7M0(' Y5(< <> /U:R 7M @L(M(<R& M> R5R /:M( :L;M L( <>R 7MMU('
[ R5( /U:R '74<>M7M :4>L7R5;D
% (<M7R7X( R> /U:RM% 57M 7<MUL(M R5R R5([ L( <>R MR7M0(' Y5(< /U:RM L( @L(M(<R&
M> R5R R5(L( 7M <> ;7MM(' '(R($R7><D
% RLU$RUL('% 57M 7<MUL(M R5R 7< R5( @L(M(<$( >/  47X(< /U:R& ><:[  MUM(R >/ R5(
M L( <>R MR7M0('& R5UM ::>Y7<4 R> L($>4<7M( A/L>; R5( MUM(R >/ MR7M0('
<' R5( MUM(R >/ <>R MR7M0(' B& R5( /U:R Y57$5 >$$ULL('D

@-=96 <:[M7<4 R5( /U:R '74<>M7M @>MM77:7R7(M >/  M[MR(; <(('M /U:RM R> (
@L($7M(:[ '(0<('D < MRLU$RUL: <:[M7M&  /U:R 7M '(0<(' M  &-% (- 9/, /-'
9>8(->D  M[MR(; 7M R5( 7<R(L$><<($R7>< >/  <U;(L >/ $>;@><(<RM& ($5 >/ R5(;
(7<4 '(M$L7(' [ 7RM (5X7>UL ;>'(: 7< <>L;: >@(LR7><D (R # , ( 4 ) $
( R5( M(R >/ R5( M[MR(; $>;@><(<RMD $5 >/ R5(; 7M  MUM[MR(; $F, ( $F, %% Y57$5
7;@>M(M R5( M(R >/ $><MRL7<RM F, R> R5( M[MR(; XL7:(M $F, %& Y5(L( $F, %. L(
U<9<>Y< AU<;(MUL(' MRR( XL7:(M& U<9<>Y< 7<@UR& U<9<>Y< @L;(R(LMB Y57:(
$F, % . L( 9<>Y< A7<@UR& >UR@UR& 9<>Y< @L;(R(LMBD  /U:R 7< $>;@><(<R
 , 7M '(0<(' M  $5<4( 7< R :(MR ><( >/ R5( $><MRL7<RM G ) F, AR5( <>R6
R7>< G 7M UM(' , M  ;<(;><7$ />L H/U:RI , 7<MR(' >/ & Y57$5 YM  ;<(;><7$ />L
H$><MRL7<RIBD >R( R5R R57M ::>YM R> $><M7'(L '7//(L(<R /U:R ;>'(M MM>$7R(' Y7R5
R5( M;( $>;@><(<R A($5 MUM(R >/ F, $< 7< /$R ( $><M7'(L(' M  /U:R ;>'( >/
 , BD >R( :M> R5R M7<$( ><:[ R5( MRLU$RUL( 7M >/ 7<R(L(MR& R5(L( 7M <> <((' R>
'(0<(& <>L R> ;>'(: R5( <RUL( >/ R5( $5<4( A(D4D UM7<4 ''7R7X( >L ;U:R7@:7$R7X(
/U:R ;>'(:MBD

6#(" +1' ' #'/2%1 )#)


FCX>,.W C >CX`A]., K>K.+ C, X`KKFX. FC. >X >C].W.X]., >C BF,.AA>C: ]<. BXX C, ]<. <.]
]WCX5.WXO  X>BKA. BF,.A F5 ]<. K>K. >X :>d.C $g ]<. ]eF )FCX]W>C]X
C F# L! , F* L!  0
C F# L! N# L! , F* L! N* L!  0'
e<.W. F# LW.XK.)]>d.Ag F* M >X ]<. >CK`] LW.XK.)]>d.Ag ]<. F`]K`]M BXX>) 8Fe F5 ]<. L>C)FB=
KW.XX>$A.M 8`>,+ C, N# LW.XK.)]>d.Ag N* M >X ]<. >CK`] LW.XK.)]>d.Ag ]<. F`]K`]M 8`>, ].BK.W=
]`W.O  ,.5.)] >C ]<. >CX`A]>FC eF`A, F$d>F`XAg W.X`A] >C C $.>C: d>FA].,+ e<>A.  A.@ >C
]<. K>K. eF`A, $. BF,.A., $g C C, C $.>C: d>FA].,O 
I72 7O ]W`)]`WA CAgX>X

><M7'(L7<4 R5( Y5>:( M(R >/ $>;@><(<RM& R5( >X(L:: M[MR(; 7M $( %& Y5(L(
  @, F,
  @, $F, %E

*8= 8@//D6 ><M7'(L <[ $><MRL7<R G )  AL(;(;(L R5R  7M R5(


MUM(R >/ $><MRL7<RM MU$5 R5R $ % < B& <' :(R   ( R5( $>;@><(<R R>
Y57$5 G (:><4MD 57M $><MRL7<R 7M <  M7<$( 7R :7<9M ><:[ 9<>Y< XL7:(M&
<' 7R $< ( $5($9(' 7< L(: R7;( 7/ 7R 7M MR7M0(' >L <>R& [ R97<4 R5( <U;(L7$:
X:U(M >/ R5( 9<>Y< XL7:(M& @URR7<4 R5(; 7<R> $><MRL7<R G& <' R(MR7<4 Y5(R5(L
R5( L(MU:R 7M  >L <>RD >R( R5R Y5(< R5( $><MRL7<R 7M <>R MR7M0('& 7R $< (
$><$:U'(' R5R R5( M[MR(; 7M <>R 7< <>L;: >@(LR7><& Y57:( Y5(< R5( $><MRL7<R 7M
MR7M0(' 7R $< ><:[ ( M7' R5R R5( <>L;: >@(LR7>< 5[@>R5(M7M 7M <>R $><RL'7$R('
A>L /:M70('B [ R5( X:U(M >/ R5( >M(LXR7><MD
< @L$R7$: M7RUR7><M& XL7:(M L( <>R X(L[ @L($7M(:[ 9<>Y<& ;(MUL(;(<RM L(
$>LLU@R(' [ <>7M(& <' ;>'(:M ><:[ @@L>Z7;R( R5( M[MR(; $RU: (5X7>UL& R5UM
R5( >R7<(' X:U( Y7:: <(X(L ( (Z$R:[ \(L>& (X(< 7< <>L;: >@(LR7><D (R K ; $ %
( R5( >R7<(' X:U(D K; $ % 7M $::(' R5( 89(A+ MM>$7R(' Y7R5  G& <'
/U:R '(R($R7>< >7:M '>Y< R> '($7'( Y5(R5(L 7R 7M M;:: (<>U45 M> R5R R5( 
5[@>R5(M7M $< ( $$(@R('D U:R 7M>:R7>< >X7>UM:[ />::>YM /U:R '(R($R7>< M7<$(
><:[  /U:R 7< $>;@><(<R   $>U:' $UM( $><MRL7<R G <>R R> ( MR7M0('D
< :: M[MR(;M& R5( $><RL>: :4>L7R5;M L( '7L($R & M7<$( R5( MUM(R  7<$:U'(M
R5( $><MRL7<RM Y57$5 '(M$L7( R5(;D (<$(& R5([ $< ( UM(' R> $5($9 Y5(R5(L R5(
$><RL>::(L 7M Y>L97<4 @L>@(L:[D :R5>U45 R57M ;745R ( >/ @L$R7$: 7<R(L(MR& MU$5
'7L($R L('U<'<$[ L(:R7><M L( >/ :7RR:( 7<R(L(MR M /L M MRLU$RUL: <:[M7M 7M $><6
$(L<('& ($UM( R5( L(MU:R 7M >X7>UMD 5(L(/>L(& R5( 7; >/ R5( />::>Y7<4 7M R> 0<'
M 7< R5( MUM[MR(; $ ( % Y57$5 7<$:U'(M U<9<>Y< XL7:(MD

@ 8@//D6 ><M7'(L M>;( $><MRL7<R G )  <' 47< :(R   (


R5( $>;@><(<R R> Y57$5 G (:><4MD (R ;  $G% .  ( R5( MUM(R >/ U<9<>Y<M
Y57$5 @@(L 7< $><MRL7<R G& <' MU@@>M(
; < 6A ( A1DS?B
Y5(L( 6A 7M R5( MUM(R >/ R5( >M(LX:( XL7:(MD 5(<& <[ XL7:( W ) ;
$< ( (Z@L(MM(' M  /U<$R7>< >/ R5( 9<>Y< ><(M A7<$:U'7<4 (X(<RU::[ R5(7L '(L7X6
R7X(MB& UM7<4 R5( <>L;: >@(LR7>< M[MR(; ;>'(: AR57M L(MU:RM /L>; R5( (Z7MR(<$(
>/ ><( >L M(X(L: :R(L<R(' $57<M (RY((< R5( 9<>Y< XL7:(M <' R5( RL4(R WBD
U@@>M( R5R R5(L( (Z7MRM R :(MR ><( :R(L<R(' $57< Y7R5 RL4(R W Y57$5 '>(M <>R
$L>MM $><MRL7<R G AR57M ;(<M R5R (X(< Y5(< $><MRL7<R G 7M L(;>X('& W $< MR7::
( ;R$5(' <' $>;@UR(' M  /U<$R7>< >/ R5( 9<>Y< XL7:(M& Y57$5 7<'7$R(M
R5R $><MRL7<R G (:><4M R> < >X(L6$><MRL7<(' MUM[MR(;& M 7R Y7:: ( M((< :R(LBD
5(< R57M 7M RLU(& R57M :R(L<R(' $57< $< ( UM(' R> $>;@UR( W M  /U<$R7>< >/
R5( 9<>Y< XL7:(M& <' ><( $< @UR R5( >R7<(' (Z@L(MM7>< 7<R> G& Y57$5 >X76
>UM:[ @L>'U$(M < D 5( MM>$7R(' L(M7'U: K; $ % M5>U:' (  Y5(< R5(
7O[ FC>]FW$>A>]g I7D

M[MR(; >@(LR(M @L>@(L:[& Y57$5 7M UM('& M @L(X7>UM:[& />L /U:R '(R($R7><D >Y(X(L&
/U:R 7M>:R7>< Y7:: ( M:745R:[ '7//(L(<R M7<$( R5( L(M7'U: MM>$7R(' Y7R5 G Y7:: (
<>< <>R ><:[ Y5(<   7M <>R @(L/>L;7<4 Y(::& UR :M> Y5(< R5( $RU:
X:U(M >/ R5( ; XL7:(M L( '7//(L(<R /L>; R5>M( $>;@UR(' /L>; R5( >M(LXR7><M
X7 R5( <>L;: >@(LR7>< ;>'(:D 57M ;[ 5@@(< Y5(< R5( /U:R $5<4(M M>;( $><6
MRL7<R Y57$5 (:><4M R> < :R(L<R(' $57< Y5>M( RL4(R 7M 7< ; D 5( $><$:UM7><
7M R5R Y5(< K; $ % 7M <><& R5(L( 7M < MM>$7R(' M(R >/ $>;@><(<RM R> ( MUM6
@($R(' 7<MR(' >/  M7<4:( ><( D R $< ( (M7:[ '(R(L;7<(' /L>; R5( 4L@56M('
7<R(L@L(RR7><D

6#(" +12 #' %"1'$ /6/1&


FCX>,.W ]<. ]C@ e<FX. X]W`)]`W. :WK< >X X<FeC >C >:O 7O^O $d>F`XAg+ ]<.W. W. ]eF W.,`C=
,C)g W.A]>FCXO <. 6WX] FC. >X :>d.C $g )FCX]W>C] %
C, >X F5 CF >C].W.X] X>C). >] >X  ,>W.)]
W.,`C,C)g W.A]>FC e<>)< FCAg ,`KA>)].X ]<. )FC]WFA A:FW>]<BO <. X.)FC, FC. >X :>d.C $g
% e<>)< X<F`A, $. X]>X6., e<.C ]<. XgX].B FK.W].X CFWBAAg+ C, e<>)< e>AA $. 5AX. >5
FC. F5 ]<. )FCX]W>C]X % ' % ' % ' %  >X CF] X]>X6., L% >X  B]<.B]>)A )FCX]W>C] e<>)<
>X CF] A>C@., e>]< Cg <W,eW. FW XF5]eW. )FBKFC.C] C, ]<`X >] )CCF] $. 5`A]gMO 

$6;6? =8@=@8--D .1/*=18- 9@9D9=.9

</>LRU<R(:[& <>R (X(L[ /U:R $< ( '(R($R('D R 7M (M7:[ M((< R5R Y5(< A1DS?B
'>(M <>R 5>:'& 7R 7M 7;@>MM7:( R> >R7< <[ M UM7<4 $><MRL7<R GD 5UM& <[
/U:R Y57$5 Y>U:' $5<4( $><MRL7<R G $>U:' <>R ( '(R($R('D
#/*=*1/ $6 4=8@=@8--D .1/*=18- 9@9D9=.5
& 9>8A>A8++F ,/-(>/8+ 28> / >& 9F9>, (9 >& 9A9> / >& /-9>8(->9 9A&
>&> >&8 E(9>9 9 D&(& 8 9>8A>A8++F 9-9(>(C >/ >&(8 &-%5

5(<& /L>; >X(& 7R $< ( $5L$R(L7M(' [ R5( />::>Y7<4 R5(>L(;%

(18. $6& 4 1/*=18*-*=D5


& /++/D(-% >D/ -998F /-(>(/-9 /8  A+> G >/  ,/-(>/8+ 8 6A(C'
+->
3(4 ; (9 9>8A>A8++F /98C+ ' /8(-% >/ 3"5?14 ' (- >& 9F9>,
$ #G$( %
3((4 G +/-%9 >/ >& 9>8A>A8++F /98C+ /C8'/-9>8(- 28> / >& 9F9>,
$( %5

(R $ (  % (  MRLU$RUL::[ >M(LX:( >X(L6$><MRL7<(' MUM[MR(;& R5(< R5(L(


(Z7MRM  MUM(R  :  >/ ?  ! ! $><MRL7<RM Y57$5 A/L>;  MRLU$RUL: @>7<R >/
<>X X.] >X )AA., ]<. <@;C@C; 3# @) ;<+C/ >C ]<. )FC]WFA )FBB`C>]g C, >] >X )AA., 
31&+@ >C ]<. W]>6)>A C].AA>:.C). )FBB`C>]gO
I[i 7O ]W`)]`WA CAgX>X

X7(YB $< ( M>:X(' U<7EU(:[ />L R5( XL7:(M  A<>RR7><  7M UM(' M  ;<(;><7$
/>L >:X(BD 5(M( XL7:(M $< R5UM ( $>;@UR(' M /U<$R7><M >/ R5( 9<>Y< XL76
:(M D URR7<4 R5( >R7<(' X:U(M 7<R> R5( L(;7<7<4 $><MRL7<R M(R    
A<>RR7><  7M UM(' M  ;<(;><7$ />L (;7<7<4& >L ('U<'<RB& ><( >R7<M
! ! 4 ! ! L(:R7><M Y57$5 :7<9 ><:[ 9<>Y< XL7:(M <' Y57$5 L(& R5(L(/>L(&
L('U<'<$[ L(:R7><MD >L  ;>L( $><X(<7(<R <>RR7>< R5( /U<$R7><
   $ % A1DSTB
7M 7<RL>'U$(' />L R5( $>;@URR7>< >/ R5( U<9<>Y< XL7:(M& :('7<4 R> (Z@L(MM7<4
R5( M(R >/ $><MRL7<RM  U<'(L R5( (EU7X:(<R />L;
   4  $ %  4
  $  % 7  $ %  4( A1DSSB
Y5(L( 7 ;(<M R5( MUMR7RUR7>< >/  [  $ %D
R $< ( <>R(' R5R 7< 4(<(L:& M(X(L: '7//(L(<R $>;@:(R( ;R$57<4M $< (
@(L/>L;(' 7<  47X(< $UM: >X(L6$><MRL7<(' MUM[MR(;& R5UM @L>X7'7<4 '7//(L(<R
;(<M >/ $>;@UR7<4 R5( U<9<>Y< XL7:(M  /L>; R5( 9<>Y< ><(MD 57M /$R Y7::
( UM(' Y5(< /U:R6R>:(L<R >M(LXR7>< M$5(;(M Y7:: ( $><M7'(L('& UR 7R $< :M>
@L>X7'( <>R5(L 7<R(L@L(RR7>< >/ L('U<'<$[& M7<$( >X7>UM:[ R5( U<9<>Y< XL76
:(M  5X( R> ( R5( M;( />L :: ;R$57<4MD >L (Z;@:( MU@@>M( RY> ;R$56
7<4M (Z7MR MU$5 R5R  7M MM>$7R(' Y7R5  :  7< R5( 0LMR ><(& @L>X7'7<4
   $ %& <' Y7R5  :  7< R5( M($><' ><(& @L>X7'7<4    $ %D
5( L('U<'<$[ L(:R7><M
 $ % 4  $ %  4
'7L($R:[ />::>YM /L>; R5( /$R R5R R5( RY> L(MU:RM M5>U:' >X7>UM:[ ( R5( M;(D

6#(" +11 '/(. .2''6


<. X>BKA.X] >AA`X]W]>FC F5 ]<>X >,. >X KWFd>,., $g X.CXFW <W,eW. W.,`C,C)gO `KKFX. ]<]
]eF X.CXFWX B.X`W. ]<. XB. `C@CFeC dW>$A. SO <. B.X`W.B.C] .Q`]>FCX W. :>d.C $g
.CXFW I % T , S , +   0
.CXFW _ % T , S , +  0'
e<.W. + C, + ,.CF]. B.X`W.B.C] CF>X. e>]< @CFeC ,>X]W>$`]>FCO <. X]W`)]`W. :WK< <X
]<. 5FAAFe>C: >C)>,.C). B]W>fO

@CFeC `C@CFeC
 T T + + S
% I I I
% I I I

+ C, + W. <.W. )FCX>,.W., X @CFeC dW>$A.X $.)`X. ]<.>W KWF$$>A>]g ,>X]W>$`]>FC >X
@CFeCO <>X XgX].B >X Fd.W=)FCX]W>C., e>]<   % ' %  C,   SO <. `C@CFeC
S )C $. B])<., e>]< .)< F5 ]<. ]eF )FCX]W>C]X C,+ <.C).+ $. )A)`A]., $g .)< F5 ]<.
X.CXFW .Q`]>FCXO <>X >X CF] FCAg ]W`. 5WFB ]<. X]W`)]`WA KF>C] F5 d>.e $.)`X. S )C AXF $.
7O[ FC>]FW$>A>]g I[I

)A)`A]., C`B.W>)AAg >5 


;

C, 
;
W. $F]< CFC=h.WFO ]<.We>X. ] A.X] FC. F5 ]<. X.CXFWX
eF`A, $. )FBKA.].Ag `X.A.XXO
FW ]<. B])<>C:

@CFeC `C@CFeC
 T T + + S
% I I 

% I I I

]<. FW>.C]., :WK< >X :>d.C $g >:O 7O_9+ >C e<>)< ]<. `C@CFeC S >X )FBK`]., $g
S  / T ' + !
C, % >X `X., X  W.,`C,C)g W.A]>FC e<>)< )C $. eW>]].C X
% / T ' + !' T ' + !  0A

        

 
 

   

+ +2+ W>.C]., X]W`)]`W. :WK< 5FW ]<. X.CXFW W.,`C,C)g


>Cd.X]>:]>FCX

<FFX>C: ]<. X.)FC, KFXX>$A. B])<>C:

@CFeC `C@CFeC
 T T + + S
% I I I
% I I 


KWFd>,.X
S/ T '+ !
C, ]<. W.,`C,C)g W.A]>FC
% T ' + ' / T ' + !!  0A
>C). ]eF B])<>C:X .f>X]+ ]<. W.BW@ ]<] ]<. LXB.M dA`. F5 S )C $. )FBK`]., .>]<.W 5WFB
]<. 6WX] FW 5WFB ]<. X.)FC, FC. A.,X ]F ]<. W.,`C,C)g W.A]>FC+ e<>)< ]@.X ]<. 5FWB
/ T ' + ! , / T ' + !  0A 
I[_ 7O ]W`)]`WA CAgX>X

$6;6> 9*'/ 1" /-D=* 8@//D 8-=*1/9

('U<'<$[ L(:R7><M L( MU4L@5M >/ R5( MRLU$RUL( 4L@5& Y57$5 L( MM>$7R('
Y7R5 $>;@:(R( $UM: ;R$57<4M >/ R5( U<9<>Y< XL7:(M MM>$7R(' Y7R5 R5( >X(L6
$><MRL7<(' MUM[MR(; >/ R5( L('U$(' 76@LR7R( 4L@5D ('U<'<$[ L(:R7><M L(
$>;@>M(' >/ :R(L<R(' $57<M& Y57$5 MRLR Y7R5 9<>Y< XL7:(M <' Y57$5 (<'
Y7R5 <><6;R$5(' $><MRL7<RM Y5>M( >UR@UR 7M :(::(' D (M74<7<4  M(R >/
L(M7'U:M $::M />L U7:'7<4 ;Z7;: ;R$57<4M >< R5( 47X(< MRLU$RUL: 4L@5& U<'(L
'(L7XR7X( $UM:7R[& <' 7'(<R7/[7<4 R5( L('U<'<$[ L(:R7><M M R5( <><6;R$5('
$><MRL7<RM 7< Y57$5 :: R5( U<9<>Y<M 5X( ((< ;R$5('D :4>L7R5;M Y57$5 0<'
;Z7;: ;R$57<4M 5X( ((< @L(X7>UM:[ @L(M(<R(' A$/D ($R7>< 1DSD1B& <' M>;(
57<RM 5X( ((< 47X(<& UM7<4 R5( R<9 <' R5( M(<M>L 5L'YL( L('U<'<$[ (Z;@:(M&
>< R5( L(M7'U:M '(M74< @L>$('UL(D (R UM <>Y 47X(  $>;@:(R( 7::UMRLR7><& 0LMR UM7<4
R5( M7;@:( M7<4:(6R<9 M[MR(;& <' R5(< 47X7<4  :L4(L @L$R7$: (Z;@:( Y7R5 R5(
RY>6R<9 M[MR(;D

6#(" +1 '$#' 1! ('/1.#'1/ ( 1! /#' %"1'$ /6/1&


FCX>,.W FC). BFW. ]<. X>C:A.=]C@ .fBKA.+ C, W.)AA ]<. >C)>,.C). B]W>f F5 >]X W.,`).,
X]W`)]`W. :WK< 5WFB fBKA. 7O2O

 1 1 F# F$
% I I I
% I
% I I
% I
% 6 I

<. W.X`A] F5 ]<. WC@>C: A:FW>]<B >X X<FeC >C ]<. 5FAAFe>C: ]$A. C, >C >:O 7O_7O <.
B])<>C: >X >,.C]>)A e>]< ]<. X.)FC, B])<>C: FC fBKA. 7O2O F]. ]<]  C.e )FA`BC
<X $..C >C]WF,`)., ]F BW@ )FCX]W>C]X e<>)< <d. ]<. F`]K`] O >C).  >X CF] 
dW>$A.+ >] Bg $. B])<., X.d.WA ]>B.XO

`C@CFeC C@>C:
 1 1 F# F$  C@
% I I I 
 _
% 
 i
% I 
 I
% 
 i
% 6 
 I

FW]., ))FW,>C: ]F ]<. WC@+ ]<. 5FAAFe>C: )FCX]W>C] X.] >X F$]>C.,O
7O[ FC>]FW$>A>]g I[^

 

 
 

 
 

  


 

 

+ +2+ C@>C: 5FW ]<. X>C:A. ]C@ XgX].B

C@ FCX]W>C] `]K`]


% F# L!
i
% 1 L!
% F* L!
I
% 1
_ % 

5 ]<. W.,`)., X]W`)]`W. :WK< >X W.,WeC ))FW,>C: ]F ]<. WC@>C: F5 ]<. )FCX]W>C]X+ >:O 7O_7
>X F$]>C.,O <. 6:`W. X<FeX <Fe ]<. >C].WCA dW>$A.X F# ' 1' F$ C, 1 )C $. X`)).XX>d.Ag
,.].WB>C.,O <. )FCX]W>C]X W. FW,.W., ))FW,>C: ]F ]<.>W XXF)>]., WC@O >CAAg+ ]<. )FC=
X]W>C] % >X `X., ]F ].X] e.]<.W ]<. dW>$A.X W. )FCX>X].C] e>]< ]<. BF,.AO
X AA )FCX]W>C]X W. WC@.,+ ]<. XgX].B >X 5`AAg F$X.Wd$A. C, BFC>]FW$A.O g XFAd>C:
]<. )FCX]W>C]X 5FW ]<. B])<., dW>$A.X+ ]<. 5FAAFe>C: .Q`]>FCX W. F$]>C.,O <. W>:<] <C,
)FA`BC X<FeX ]<. K]< F5 ]<. B])<>C:O
% F# L!  " / P L! % P!  F#
% 1 L!  T / L! % T!  1
% F$ L!  4 1 L! % 1!  F$ L7O^9M
% 1 L!  5

1 L! % 1!  1
% 
0  1 L! # F* L! , F# L!  F# ' F$ !
% 1'  h.WF
<.X. .Q`]>FCX )C $. X>BKA>6., ]F F$]>C ]<. W.,`C,C)g W.A]>FCX >C CAg]>) 5FWB*
( /
% T L! # 4 T L! , "P L!A
0 
(L
<. FW,.W F5 FK.W]>FCX FC )FCX]W>C]X eX
% % % T!!' % 1!' % % T!!!  h.WFA
F]. ]<] AA dW>$A.X FC ]<. W>:<]=<C, X>,. F5 ]<. ]eF .Q`]>FCX W. @CFeCO .C).+ ]<.X.
.Q`]>FCX )C $. ].X]., 5FW :>d.C B.X`W.B.C]X P C, T e<>)< W. BW@., >C >:O 7O_7 ]F
>AA`X]W]. ]<>X 5)]O 

$6;6& =8@=@8- ==*-*=D / *91-*-*=D

MMU;( R5( >X(L6$><MRL7<(' MU6M[MR(; 5M ((< '(R(L;7<(' [ 0<'7<4  $>;@:(R(


;R$57<4 >< R5( U<9<>Y< XL7:(MD 5(<& R5( ;7< L(MU:RM >/ MRLU$RUL: <:[M7M L(
>R7<(' /L>; R5( />::>Y7<4 MR(@MD
I[9 7O ]W`)]`WA CAgX>X

% 7MR :: <:[R7$ L('U<'<$[ L(:R7><M R5R (Z7MR />L R5( M[MR(;D
% >L :: MU$5 L(:R7><M& '(R(L;7<( < (Z@:7$7R />L; 7/ R5( $><MRL7<RM L( (Z@:7$7R:[
9<>Y<D
% 7MR Y57$5 X7>:R7><M >/ $><MRL7<RM L( '(R($R:(D
% 7MR Y57$5 X7>:R7><M >/ $><MRL7<RM 7M>::(D
5(<  ;R$57<4 5M ((< />U<'& R5( M(R  "H# :  >/ U<;R$5(' $><MRL7<RM
 "H#  #&  &$W! ( 7! %  4( W! )  ( 7! ) $ 7M '(R(L;7<('D > >R7< <:[R7$:
L('U<'<$[ L(:R7><M />L '74<>M7M A:M> $::(' @L7R[ L(:R7><MB& R5( U<9<>Y< XL76
:(M 7< ($5 & )  "H# ;UMR ( MUMR7RUR(' [ 9<>Y< ><(M (<R(L7<4 R5L>U45 ;R$5('
$><MRL7<RMD $9RL$97<4 :><4 :R(L<R(' $57<M 7< R5( ;R$57<4 Y7:: (<:( MU$5
< (:7;7<R7>< >/ R5( U<9<>Y< XL7:(MD 7<::[& ($5 U<;R$5(' $><MRL7<R & Y7::
47X( ><( @L7R[ L(:R7>< K R> ( UM(' />L '74<>M7M& M7<$(  X7>:R7>< >/ <[ $><MRL7<R
R5R 7M UM(' 7< $><MRLU$R7<4 R5( @L7R[ L(:R7>< Y>U:' 47X(  <><6\(L> L(M7'U: Y5(<
:: 9<>Y< XL7:(M L( L(@:$(' [ R5(7L X:U(MD
ULR5(L;>L(& <:[R7$: L('U<'<$[ L(:R7><M M5>Y Y7R5 L(M7'U:M '(@(<' ><
Y57$5 $><MRL7<RMD <( X7(Y >< R5(M( L(:R7><M 7M R5( >>:(< ;@@7<4&
 K $& 6 4%
/L>; Y57$5 MRLU$RUL: '(R($R7:7R[ $< ( <:[M('D R $< ( $5($9(' R5R R5( />:6
:>Y7<4 '(0<7R7>< 7M R5( @L$R7$: RL<M:R7>< >/ R5( ;><7R>L7:7R[ $><'7R7>< 7< 5(6
>L(; 1D1D
.. $62 4=8@=@8- ==*-*=D5
 C(/+>(/- /  /-9>8(-> & (9 9>8A>A8++F >>+ ( - /-+F ( (> &9  -/-G8/
//+- 9(%->A8 (- 9/, 89(A+ K
& )  + +  +K  & 6 4  K 6 4E

>L(>X(L& M7<$( />L  47X(< $><MRL7<R & R5( M(R >/ :: @L7R[ L(:R7><M $< ( @L6
R7R7><(' 7<R> R5>M( 7< Y57$5 7RM >>:(< M74<RUL( 7M \(L> <' R5>M( 7< Y57$5 7RM
>>:(< M74<RUL( 7M <><6\(L>& R5( />::>Y7<4 '(0<7R7>< 7M MRL745R/>LYL'D

.. $6? 4=8@=@8- *91-*-*=D5


 C(/+>(/- /  /-9>8(-> &, (9 9>8A>A8++F (9/++ ( - /-+F ( (> &9  A-(6A
9(%->A8 (- >& 89(A+ C>/8 (55 /+A,- =, /  (9 (-2--> / ++ />&8
/+A,-9 (- 
&, ) (  A6 6 4  =, 6 =- E

6#(" +1 #' %"1'$ ).#16 .%1#(' " $1.$#'


<. X>C:A.=]C@ .fBKA. $Fd. <, FC. `CB])<., )FCX]W>C] %  O )@]W)@>C: ]<WF`:< ]<.
B])<>C: F$]>C.,
% % % T!!' % P!' % % T!!!  U*G=
<. eg )FCX]W>C]X .C].W >C]F ]<. XXF)>]., KW>]g W.A]>FC LW.X>,`AM >X
7O[ FC>]FW$>A>]g I[7

% % % % %
G      
A
.C).  d>FA]>FC >C Cg F5 ]<. )FCX]W>C]X >X X]W`)]`WAAg ,.].)]$A. $`] CFC. W. X]W`)]`WAAg
>XFA$A.O 

6#(" +1/ ('%#'. ).#16 .%1#(' (. /!#)


>d.C ]<. CFCA>C.W BF,.A F5  X<>K e>]< ,`A B.X`W.B.C]X F5 <.,>C: C:A. E C, e>]< CF
,>X]`W$C). 5WFB ed.X+
% >   # , > # , > ! # #)
% E  >
+
( 5
 >
( /
5
 E
9 T  E
9 T  E
9 T  E
9 T  )A
 >: + ]<. X.] F5 @CFeC dW>$A.X
<. X.] F5 `C@CFeC dW>$A.X >X   )' > ' >  ' E' E'
>X  T ' T ' T O  )FBKA.]. B])<>C: FC ]<. `C@CFeC dW>$A.X >X ]W)., >C ]<. A.5]
)FA`BC $.AFe+ ]<. W>:<] )FA`BC X<FeX ]<. $)@]W)@>C: ]F @CFeC dW>$A.XO
9  T !  E
9 T ' E!  U*G=  9 T ' 9 T !!  U*G=
9 T !  E
9 T !  )
 L7O^7M
( E' ?I2!  U*G=  ( 9 T !' 9 T !!  U*G=
% E!  >
( > !  E
% )' > ' > !  U*G=  % 9 T !' % 9 T !!' ( 9 T !!!  U*G=
<. eg )FCX]W>C]X W. `X., >C ]<. ]<W.. KW>]g W.A]>FCX >X X 5FAAFeX+

9 9 9 9 % % ( (
$ + $ +
G   0 0 0 0 0 0
" G )  " 0   0 0 0 0  )A
G 0 0      0
 d>FA]>FC F5 Cg )FCX]W>C] >X BKK., FC]F ]<. W.X>,`AX XF AA 5`A]X W. ,.].)]$A.O
FCX>,.W>C: >XFA$>A>]g+ 6d. )FA`BCX W. >C,.K.C,.C]* 9 ' 9 ' 9 ' 9 ' ( <.C). >] >X FCAg
d>FA]>FCX >C ]<.X. )FCX]W>C]X ]<] W. X]W`)]`WAAg >XFA$A.O
<. CAg]>)A 5FWB F5 ]<. KW>]g W.A]>FCX W. F$]>C., 5WFB ]<. XgB$FA>) .fKW.XX>FCX 5WFB
]<. $)@]W)@>C:O <>X :>d.X ]<. .fK.)]., W.X`A]
G  T , T
G  T , T L7O^[M
G  T , # , T ! # , T ! , #T A 
I[[ 7O ]W`)]`WA CAgX>X

$6;6$ 9*'/ 1" 81@9= / 9=8@=@8 89*@-9

1@9= 89*@-96 5( M(R >/ $><MRL7<RM R5R '(M$L7( R5( <>;7<: >@(LR7>< >/ R5(
M[MR(; <(X(L L(@L(M(<RM 7RM $RU: (5X7>ULD 7M$L(@<$7(M />::>Y /L>; R5( (Z7M6
R(<$( >/ U<9<>Y< 7<@URM A>L '7MRUL<$(MB <' /L>; R5( /$R R5R M[MR(; @L;(R(LM
X:U(M L( <(X(L (Z$R:[ 9<>Y< AU<$(LR7< @L;(R(LMBD U$5 '7M$L(@<$7(M ;[ L(6
MU:R 7< L(M7'U:M 0L7<4 /:M( :L;MD

6#(" +1. /#2% #/.)'#/ 2/ 6 2'$'(4' #')21/

<. `C@CFeC dW>$A.X F5 ]<. X>C:A.=]C@ .fBKA. e.W. )FBK`]., 5WFB ]<. 5FAAFe>C: )FC=
X]W>C]X
FBKFC.C] FCX]W>C] C`B$.W FCX]W>C] .fKW.XX>FC
`BK % F# L!  " / P L!
.d.A X.CXFW % 1 L!  T / L!
`]K`] K>K. % F$ L!  4 1 L!
]<.B]>)A )FCX]W>C] % 1 L!  5

1 L!O
`]]>C: ]<.>W .fKW.XX>FC >C]F )FCX]W>C]
% 1 L! , F# L! # F* L!  0'
e<>)< ,.X)W>$.X ]<. ]C@+ ]<. W.X>,`A
/
G L!  T L! # 4 T L! , "P L!
eX F$]>C.,O XX`B. ]<] ]<. A.d.A X.CXFW F`]K`] >X 55.)]., $g  )FCX]C] $>X ) L`C@CFeC
>CK`]M*

FBKFC.C] FB>CA BF,.A )FCX]W>C] )]`A )FCX]W>C]


.d.A X.CXFW 1 L!  T L! 1 L!  T L! , )O
>BKA. )A)`A]>FCX X<Fe ]<] ]<. W.X>,`A )FBK`]., `X>C: ]<. CFB>CA BF,.A )FCX]W>C]X
eF`A, <d.  CFC=h.WF dA`.
X. .X>,`A /
dA`.
FB>CA T L! # 4 T L! , "P L!  0 / %
/ /
.CXFW $>X T L! , " / P L! # 4 T L! , )  4 T L! , ) , T L! . 0O 

6#(" +1 /#2% #/.)'#/ 2/ 6 2'.1#' ).&1./


FCX>,.W CFe ]<. ]eF 5FAAFe>C: )X.X

FBKFC.C] FB>CA BF,.A )FCX]W>C] )]`A )FCX]W>C]


`BK F# L!  "/
/ P L! F# L!  "
// P L!
`]K`] K>K. F$ L!  4 T L!  T L!+
F$ L!  4
e<>)< W.5.W ]F `C).W]>C]>.X >C ]<. K`BK C, F`]K`] K>K. KWB.].WXO <.C+ ]<. W.X>,`A )FB=
K`]., `X>C: ]<. CFB>CA BF,.A )FCX]W>C]X eF`A, <d. ]<. 5FAAFe>C: dA`.X
7O[ FC>]FW$>A>]g I[Z

X. .X>,`A /dA`.


FB>CA T L! # 4 /T L! , "P L!  0
C).W]>C]g FC ]<. K`BK BF,.A T L! # 4 T L! , " /
/ P L!  " , "!
 P
' /L! . 0
C).W]>C]g FC ]<. F`]K`] K>K. BF,.A  T L!  4
T L! , " / P L! # 4 ,4 T L! . 0O


>UMR<(MM L(/(LM R> R5( @L>@(LR[ R5R L(M7'U:M Y>U:' <>R 0L( <[ /:M( :L; M
R5( L(MU:R >/ U<9<>Y< 7<@URM $R7<4 >< R5( M[MR(;& >L M R5( L(MU:R >/ U<$(LR7<R7(M 7<
R5( X:U(M >/ R5( M[MR(; @L;(R(LMD <( ;(<M >/ '(M74<7<4 L>UMR L(M7'U:M 7M R5(
M>6$::(' (Z$R '($>U@:7<4 @@L>$5& 7< Y57$5 R5( '(M74<(' L(M7'U:M L( 7<M(<M7R7X(
R> U<9<>Y< 7<@UR <' U<9<>Y< >L U<$(LR7< @L;(R(LMD 5(L(/>L(& R5([ L( MR7M6
0(' Y5(< <> /U:R 7M @L(M(<R& Y5R(X(L R5( X:U( >/ R5( U<9<>Y< 7<@UR >L U<$(LR7<
@L;(R(LMD >R( R5R R5( L>UMR<(MM @L>:(; 7M UR>;R7$::[ M>:X(' 7< MRLU$RUL:
<:[M7M& UM7<4 R5( (Z$R '($>U@:7<4 @@L>$5 @L(M(<R(' 7< 5@R(L P& M7<$( 7R (Z6
577RM M Y57$5 L(& [ '(0<7R7><& ><:[ '(@(<'(<R >< 9<>Y< XL7:(MD <9<>Y<
XL7:(M Y57$5 //($R R5( MRLU$RUL::[ ;><7R>L:( MUM[MR(; L( (:7;7<R(' M> R5R
<> L(M7'U: $< '(@(<' >< R5(;D 5(< U<9<>Y< XL7:(M $<<>R ( (:7;7<R('&
R5( @LR >/ R5( M[MR(; R5([ //($R 7M <>R ;><7R>L:(D 5(< U<$(LR7< @L;(R(LM L(
@L(M(<R& R5( M>:UR7>< R> R5( (Z$R '($>U@:7<4 @L>:(; 7M M7;@:[ R> '(M74< R5( /U:R
'74<>M7M M[MR(; $><M7'(L7<4 R5(; M U<9<>Y< XL7:(M AR57M >7:M '>Y< R> UM(
R5( MUM(R >/ L(M7'U:M 7< Y57$5 <> U<$(LR7< @L;(R(L 7<R(LX(<(MBD / $>ULM(& R5(
<U;(L >/ M Y7:: 7< R5R $M( ( M;::(LD

=8@=@8 89*@-96 M '(0<(' >X(& R5( MRLU$RUL( >/  L(M7'U: 7M R5( M(R >/ R5(
$><MRL7<RM Y57$5 $< ( MUM@($R(' Y5(< R57M L(M7'U: 7M <>R D (R  (  M(R
>/ L(M7'U:M& <' :(R $K% ) 1 ( R5( MRLU$RUL( >/ L(M7'U: K ) D 57M ;(<M R5R K
7M (Z@($R(' R> ( <><6 Y5(< R :(MR ><( >/ R5( $><MRL7<RM 7< $K% 7M /U:R[ A7<
/$R K Y7:: ( <><6 ><:[ />L '(R($R:( /U:RMBD 7;7:L:[& Y5(< M>;( $><MRL7<R
G )  7M /U:R[& R5(< :: R5( L(M7'U:M Y5>M( MRLU$RUL( $><R7<M G L( (Z@($R(' R> (
<><6D 5( @RR(L< >/  <' <><6 L(M7'U:M MM>$7R(' Y7R5  47X(<
/U:R 7M $::(' 7RM M74<RUL(D U:RM Y57$5 5X( '7//(L(<R M74<RUL(M L( 7M>::( /L>;
($5 >R5(L& Y57:( /U:RM Y57$5 M5L( R5( M;( M74<RUL( L( <><67M>::(D (R  
2 $P% @  $P% ( R5( '($>;@>M7R7>< >/ R5( M(R >/ L(M7'U:M @L>X7'(' R M>;( 47X(<
R7;( P [ R5( '($7M7>< @L>$('UL(& Y5(L( 2 $P% 7M R5( MUM(R >/ R5(  L(M7'U:M
<'  $P% 7M R5( MUM(R >/ <><6 ><(MD 5( MUM(R >/ 9A92> $><MRL7<RM AR5(
$><MRL7<RM Y57$5 ;745R ( U<MR7M0('B R R7;( P 7M 47X(< [
(/(! $P%  .?  "D# $K%E
>R( R5R 7R 7M @>MM7:( R> '(0<( R5( MUM(R >/ E/-8> $><MRL7<RM AR5( $><MRL7<RM
Y57$5 L( $(LR7<:[ MR7M0('B R R7;( P [
1 $P%  @?  "D# $K%(
I[2 7O ]W`)]`WA CAgX>X

UR ><( ;UMR ( YL( R5R R57M MU@@>M(M :: /U:RM R> ( '(R($R:(D Z><(LR7>< 7M
M(' >< R5( MMU;@R7>< R5R 7/  $><MRL7<R 7M <>R MR7M0(' R5(< 7R Y7:: <($(MML7:[
M5>Y R5L>U45 R5( L(M7'U:M Y5>M( MRLU$RUL( 7R (:><4M R>D 5( '74<>M7M R R7;( P 7M
  $P%  (/(! $P% 1 $P%E
< >L'(L R> >R7< 4>>' 7M>:7:7R[ @L>@(LR7(M& 7R ;[ ( >/ 7<R(L(MR R> '(M74< L(M7'6
U:M Y7R5 47X(< MRLU$RUL(D U@@>M( ><( Y7M5(M R> '(M74< L(M7'U:M Y57$5 L( 7<M(<6
M7R7X( R> R5( /U:RM >/  MUM(R >/ $><MRL7<RM   <' L( M(<M7R7X( R> R5( /U:RM >/ R5(
MUM(R >/ $><MRL7<RM    D  '7L($R @@L>$5 R> '> R57M 7M R> $><M7'(L ><:[ R5( M[M6
R(; $   ( % 7< R5( '(M74< @L>$(MMD >Y(X(L& /L>; R5( MRLU$RUL: ;><7R>L7:7R[
$><'7R7><& 7R 7M M((< R5R R5( L(M7'U:M $< ( ;'( M(<M7R7X( ><:[ R> R5( /U:RM 7< R5(
;><7R>L:( MUM[MR(; >/ $   ( %& Y57$5 ;[ ( M;::(L R5< R5R >/ $( %(
M7<$( R5( />L;(L $><R7<M :(MM $><MRL7<RMD
6#(" +1% 1.212. .2''6 .%1#('/ (. 1! 14("1'$ /6/1&
FCX>,.W ]<. ]eF=]C@ XgX].B C, XX`B. ]<] ]<. 8Fe F $.]e..C ]<. ]eF ]C@X )C $.
B.X`W., >C ,,>]>FC ]F ]<. >CK`] P C, ]<. F`]8Fe F' + e<>)< A.,X ]F ]<. ,,>]>FCA B.=
X`W.B.C] )FCX]W>C]
9 F  F  ' A

<. 5FAAFe>C: B])<>C: X<FeX ]<] ]<. XgX].B >X Fd.W=)FCX]W>C.,O <.W.5FW.+ ]<. ]eF W.=
B>C>C: )FC,>]>FCX )C $. `X., X KW>]g )FC,>]>FCX+ X BW@., <.W.O

 




 


   

 
 

 

 
  

   

  
 

   
 
 

+ +2/+ W>.C]., :WK<+ >C e<>)< ]<. WWFeX >C,>)]. ]<. FW,.W F5
B])<>C:
7O[ FC>]FW$>A>]g I[D

 F F 1  1 F 1 1 F 
2
F  % 1 %   ^
F  P/- 1 ! % 
  ^
0  ,F # F, , F , 1  %     9
1   5

1 ( 
  ^
'
1  1 # 0% 
%

   _
0  F , 1 , F %    9
1  5
1 ( 
  _
'
1  %0 % 
  I
F  F ' 9 
 i
F  %0 
%' 
 i

<>X B])<>C: W.X`A]X >C ]<. FW>.C]., :WK< X<FeC >C >:O 7O_[O FAAFe>C: ]<. FW>.C]]>FC F5
]<. .,:.X+ >] >X .Xg ]F X.. ]<] ]<. 6WX] KW>]g W.A]>FC ,.K.C,X FC ]<. dW>$A.X
P' F ' F ' 1  ' 1 ' F ' F ' ' 1 ' F ' F' 
FCAg+ e<>A. ]<. X.)FC, ,.K.C,X FC
F ' F ' 1 ' 1 ' F ' ' F' A
F ]<.X. ]eF )FC,>]>FCX )C $. `X., ]F X.A.)]>d.Ag BFC>]FW ,>55.W.C] KW]X F5 ]<. XgX].B LC@
I C, C@ _+ ]F $. KW.)>X.MO CAg  5`A] >C ]<. )FCC.)]>FC 8Fe F  FW >]X B.X`W.B.C] eF`A,
55.)] $F]< )FCX]W>C]XO
g X>:C>6)]>FC ]<. 5FAAFe>C: ]eF W.X>,`AX W. F$]>C.,*
/
0  P / - 1  ! , F ' , 1  ,%
1
 F'
0  F ' , 1 ,
4'
e>]<
 %
F '
1  1 #
4
 %
F'
1  A
4' 4

5( />::>Y7<4 (Z;@:( MU;;L7M(M R5( MRLU$RUL: @@L>$5 R> /U:R '74<>M7M />L
R5( RY>6R<9 M[MR(;D

6#(" +9 4("1'$ /6/1&


<. ]eF=]C@ XgX].B >C]WF,`)., >C .)]>FC _OI e>AA $. )FCX>,.W.,O P >X ]<. @CFeC )FC]WFA
>CK`] C, F' ]<. B.X`W., F`]8FeO <. 5FAAFe>C: .Q`]>FCX A., ]F ]<. X]W`)]`W. :WK< F5
]<. XgX].B L>:O 7O_ZM*
IZi 7O ]W`)]`WA CAgX>X

 




 
  


   

 
 

 
 
  

 

   
 

  
   
 


+ +2.+ ]W`)]`W. :WK< F5 ]<. ]eF=]C@ XgX].B

/
% F  % 1
% F  P / - 1  !

% 1   F , F , F  !

(
( 1   1
(L
/
%
F   4  1 , 1

% 1  F , F !

(
( 1  1
(L
/
% F 4 1
%' F'  4' F A

' 4 ' 4 C, 4' W. @CFeC KWB.].WXO % >X ]<. `C@CFeC KWB.].W ,.X)W>$>C: ]<. X>h. F5
]<. 5`A]O ] )C $. XX`B., ]F $. h.WF 5FW ]<. 5`A]A.XX )X.O C ]<. X]W`)]`W. :WK< ]<. )FC=
X]W>C]X % ' % ' % C, ( W.KW.X.C]>C: ]<. C@ I W. X.KW]., 5WFB )FCX]W>C]X % ' ( ' %
C, %' ,.X)W>$>C: ]<. C@ _O
<. 5FAAFe>C: B])<>C: >X 5F`C, `X>C: ]<. WC@>C: A:FW>]<B+ e<.W. ]<. AX] )FA`BC X<FeX
]<. WC@ F5 ]<. )FCX]W>C]X F$]>C.,O
7O[ FC>]FW$>A>]g IZI

 




 


   

   

 

  

 

   
 

   
 
 

+ +2+ W>.C]., :WK< F5 ]<. ]eF=]C@ XgX].B

 F F 1  1 F 1 1 F 
2
F  % 1 %   7
F  P / - 1  ! % 
  7
0  ,F # F, , F , 1  %     [
1   5

1 ( 
  7
'
1  1 # 0% 
%

   9
F  1 # F % 
   ^
1  5
1 ( 
  _
'
1  %0 % 
  I
F  %0 
%' 
 i

<. .Q`]>FCX X<FeC FC ]<. A.5] W. AW.,g XFAd., 5FW ]<. B])<., dW>$A.O <. )FWW.XKFC,=
>C: FW>.C]., :WK< >X X<FeC >C >:O 7O_2O >BKA>5g>C: ]<.X. .Q`]>FCX W.X`A]X >C ]<. 5FAAFe>C:
W.,`C,C)g W.A]>FC*
F' L! /
0  P L! /  1 L!! , 1 # , 1  ,% 1 L7O^ZM
4'
e>]<
! (
1 F' L!
1 L!  1 L!# # L7O^2M
4 4' 4
! (
F' L!
1 L!  A L7O^DM
4' 4
Q`]>FCX L7O^ZM 3 L7O^DM )C $. `X., ]F BFC>]FW ]<. ]eF=]C@ XgX].BO g `X>C: QO L7O^DM+
1 L! C,+ <.C).+ 1 )C $. ,.].WB>C., 5FW :>d.C B.X`W.B.C] F' L!O <.C QO L7O^2M g>.A,X
IZ_ 7O ]W`)]`WA CAgX>X

1 L! C, 1  O >CAAg+ QO L7O^ZM >X )<.)@., 5FW @CFeC P L!+ F' L! C, 5FW 1 L!' 1  C, 1
?`X] F$]>C.,O

 



          


       
    



 
 

 

+ +2%+ WK< X<Fe>C: ]<. FW,.W >C e<>)< ]<. `C@CFeC dW>$A.X
)C $. ,.].WB>C., 5FW :>d.C F'

5].W W.,We>C: ]<. X]W`)]`W. :WK<+ >:O 7O_D >X F$]>C.,O <>X :WK< X<FeX >C e<>)<
FW,.W ]<. )FCX]W>C]X )C $. `X., ]F ,.].WB>C. AA >C].WCA dW>$A.X 5FW :>d.C B.X`W.B.C]
F' O >CAAg+ )FCX]W>C] % >X `X., ]F ].X] ]<. )FCX>X].C)g F5 ]<. dW>$A.X e>]< ]<. BF,.AO
 X>B`A]>FC W.X`A] >X X<FeC >C >:O 7O^i e<>)< X<FeX 5WFB ]FK ]F $F]]FB ]<. X>:CAX
P L!' S L! C, S L!+ ]<. B.X`W.B.C] F' L! C, ]<. W>:<]=<C, X>,. F5 QO L7O^ZMO F].
]<] ]<. X]].X W. W.)FCX]W`)]., d.Wg C>).AgO <. W.X>,`A Le<>)< >X >C 5)] ]<. AFXX F5 e].W
]<WF`:< ]<. A.@M X<FeX ]<. F))`WW.C). F5 ]<. 5`A] d.Wg KW.)>X.Ag C, e>]<F`] Cg ,.AgO <.
A>]]A. XK>@. ] ]>B.  X >X ,`. ]F ]<. W.d.WXA F5 ]<. 8Fe ,>W.)]>FC >C ]<. )FCC.)]>FC K>K.+
e<>)< W.KW.X.C]X  X>C:`AW KF>C] >C ]<. A>C.W>X., XgX].BO
5 )F`WX.+ ]<. KW>]g W.A]>FC >X d.Wg X.CX>]>d. ]F B.X`W.B.C] CF>X. ,`. ]F ]<. ]eF ,>55.W=
.C]>]>FCXO d.C  d.Wg XBAA CF>X. )C ,>X]`W$ ]<. 5`A] ,.].)]>FC X)<.B. <.d>Ag X X<FeC
>C >:O 7O^IO A]<F`:< ]<. CF>X. >X CF] d>X>$A. >C ]<. B.X`W., X>:CA F ' + >]X ,>55.W.C]>]>FC
>X AW:. C, )AAX 5FW ]<. `X. F5 X]]>X]>)A ,.)>X>FC B@>C: A:FW>]<BX >C FW,.W ]F B@. 5`A]
,.].)]>FC KFXX>$A.O
A].WC]>d.Ag+ >5  6A].W >X >C)A`,., e<.C ,.].WB>C>C: 1  C, 1 5WFB 1 FW 1 + W.XK.)=
]>d.Ag+ ]<. W.X>,`AX >C)W.X. XA>:<]Ag ,.Ag., 5].W ]<. 5`A] <X F))`WW.,O `. ]F ]<. K<X.
A: >C]WF,`)., $g ]<. 6A].W+ ]<. W.X>,`A :>d.C $g QO L7O^ZM >X CF AFC:.W h.WF 5FW ]<. 5`A]A.XX
)X.O X>C: ,>:>]A 6A].WX e>]<F`] K<X. A: BFW. KW.)>X. W.X`A]X W. KFXX>$A.+ $`] ]<.X. 6A].WX
,.Ag ]<. )A)`A]>FC F5 ]<. W.X>,`A 5`W]<.WO 

+/ (&1-($$!$!18
><RL>::7:7R[ 7M  @L>@(LR[ Y57$5 ><:[ $><$(L<M R5R @LR >/ R5( ;>'(: Y57$5 '(6
M$L7(M R5( :7<9M (RY((< R5( U<9<>Y< XL7:(M <' R5( 7<@UR XL7:(M& 7<'(@(<6
'(<R:[ >/ R5( /$R R5R M>;( U<9<>Y< XL7:(M ;745R ( ;(MUL(' >L <>RD 5UM& 7R
$< ( <:[M(' /L>; R5( M[MR(; 76@LR7R( 4L@5 7< Y57$5 R5( ;(MUL(;(<R $><6
MRL7<RM 5X( ((< L(;>X('D >U45:[ M@(97<4& $><RL>::7:7R[ 7M $><$(L<(' Y7R5 R5(
@>MM77:7R[ >/ 0<'7<4 $><RL>:M AR57M (Z@:7<M Y5[ R5( 7<@UR XL7:(M Y7:: ( $><M7'6
(L(' M U<9<>Y<M R> ( $>;@UR('B M> M R> $57(X( >8($R7X(M& Y57$5 L( '(0<(' 7<
R(L;M >/ R5( X:U(M ><( Y7M5(M R5( M[MR(; XL7:(M R> ( 47X(<D
5( L($5:( M(R >/  M[MR(; AR5( ;(<7<4 >/ L($57:7R[ 7M 5(L( >/ $>ULM( '7/6
/(L(<R /L>; R5( ;(<7<4 7R 5M 7< 4L@5 R5(>L[B 7M R5( M(R >/ MRR(M MU$5 R5R R5(L(
7OZ FC]WFAA$>A>]g IZ^

/ߞÍÏ>™ŽÍÅáÅÏi“Íià>“­i\ÍÂiň`ØؓÍ}i™iÂ>ψž™
Ö

¥²x

¥
Ø

ç²x

ç
ç Öç {ç Ëç nç ¥çç ¥Öç ¥{ç ¥Ëç ¥nç Öçç
-áÅÏi“ÍÅÏ>Ïi
ç²n

ç²Ë
à¥Ì“]àÖ̓

ç²{

ç²Ö

ç
ç Öç {ç Ëç nç ¥çç ¥Öç ¥{ç ¥Ëç ¥nç Öçç
–Ñ -áÅÏi“ÍžØÏ­ØÏ
àÍ¥ç
¥²x
·̯Ì“ˆ™°

ç²x

ç
ç Öç {ç Ëç nç ¥çç ¥Öç ¥{ç ¥Ëç ¥nç Öçç
"LÅiÂÞi`ÍÅÏ>Ïi
ç²n

ç²Ë
à¥Ì“]àÖ̓

ç²{

ç²Ö

ç
ç Öç {ç Ëç nç ¥çç ¥Öç ¥{ç ¥Ëç ¥nç Öçç
–{ ,iň`ØؓÍ< ,"
àÍ¥ç
Ë

{
i>Ž
< ,"

–Ö
ç Öç {ç Ëç nç ¥çç ¥Öç ¥{ç ¥Ëç ¥nç Öçç
ÏÌÅ
+ +19+ >B`A]>FC W.X`A]X F5 ]<. ]eF=]C@ XgX].BO WFB ]FK ]F
$F]]FB* >CK`] PY ]C@ A.d.AX 1 ' 1 Y B.X`W., F' Y W.)FCX]W`)]., A.d.AX
1 ' 1 Y W>:<]=<C, X>,. F5 QO L7O^ZMO

(Z7MRM  $><RL>: Y57$5 'L7X(M R5( M[MR(; MRR(& /L>; M>;( 47X(< 7<7R7: X:U(& R> ><(
>/ R5(;D :>: $><RL>::7:7R[ 7M  MRL><4 @L>@(LR[& Y57$5 MRR(M R5R R5( L($5:(
M(R 7M R5( Y5>:( MRR( M@$(D >$: $><RL>::7:7R[ 7M  Y(9(L @L>@(LR[& Y57$5 MRR(M
R5R <[ @>7<R 7< R5( >@(< :: L>U<'  L($5:( @>7<R 7M :M> L($5:( AY57$5
;(<M R5R R5( MRR(M Y57$5 L( L($5:( /L>;  47X(< MRR( L( <>R L(MRL7$R(' R> 
K6'7;(<M7><: ;<7/>:'& Y5(L( K 7M :(MM R5< ?& R5( '7;(<M7>< >/ R5( MRR( M@$(BD
>L :7<(L M[MR(;M& :>$: <' 4:>: @L>@(LR7(M >X7>UM:[ $>7<$7'(D
IZ9 7O ]W`)]`WA CAgX>X

/ߞÍÏ>™ŽÍÅáÅÏi“Íià>“­i\ÍÂiň`ØؓÍ}i™iÂ>ψž™
Ö

¥²x

¥
Ø

ç²x

ç
ç Öç {ç Ëç nç ¥çç ¥Öç ¥{ç ¥Ëç ¥nç Öçç
-áÅÏi“ÍÅÏ>Ïi
ç²n

ç²Ë
à¥Ì“]àÖ̓

ç²{

ç²Ö

ç
ç Öç {ç Ëç nç ¥çç ¥Öç ¥{ç ¥Ëç ¥nç Öçç
–Ñ -áÅÏi“ÍžØÏ­ØÏ
àÍ¥ç
¥²x
·̯Ì“ˆ™°

ç²x

ç
ç Öç {ç Ëç nç ¥çç ¥Öç ¥{ç ¥Ëç ¥nç Öçç
"LÅiÂÞi`ÍÅÏ>Ïi
Öçç

¥çç
à¥Ì“]àÖ̓

–¥çç

–Öçç
ç Öç {ç Ëç nç ¥çç ¥Öç ¥{ç ¥Ëç ¥nç Öçç
,iň`ØؓÍ< ,"
¥çç


< ,"

ç i>Ž

–xç
ç Öç {ç Ëç nç ¥çç ¥Öç ¥{ç ¥Ëç ¥nç Öçç
ÏÌÅ
+ +1'+ >B`A]>FC W.X`A] X>B>AW ]F >:O 7O^i $`] e>]<  XBAA CF>X.
F5 ]<. B.X`W., X>:CA F'

(R UM 0LMR $><M7'(L MRR7$ M[MR(;M $( % :79(


4  + $9 ( 6%( A1D3]B
Y5(L(   +(   9 @ 6D >L MU$5 M[MR(;M& 4:>: $><RL>::7:7R[ ;(<M R5R
ED A1D3]B $< ( M>:X(' />L R5( U<9<>Y< XL7:(M 6 AR> ( '(R(L;7<('B />L <[
X:U( >/ R5( 9<>Y< AY7M5('B XL7:(M 9 & R5UM 8UMR7/[7<4 R5( '($>;@>M7R7>< >/ 
7<R>   @  ( Y5(L(  9 (   6D
7OZ FC]WFAA$>A>]g IZ7

/ߞÍÏ>™ŽÍÅáÅÏi“Íià>“­i\ÍÂiň`ØؓÍ}i™iÂ>ψž™
Ö

¥²x

¥
Ø

ç²x

ç
ç Öç {ç Ëç nç ¥çç ¥Öç ¥{ç ¥Ëç ¥nç Öçç
-áÅÏi“ÍÅÏ>Ïi
ç²n

ç²Ë
à¥Ì“]àÖ̓

ç²{

ç²Ö

ç
ç Öç {ç Ëç nç ¥çç ¥Öç ¥{ç ¥Ëç ¥nç Öçç
–Ñ -áÅÏi“ÍžØÏ­ØÏ
àÍ¥ç
¥²x
·̯Ì“ˆ™°

ç²x

ç
ç Öç {ç Ëç nç ¥çç ¥Öç ¥{ç ¥Ëç ¥nç Öçç
"LÅiÂÞi`ÍÅÏ>Ïi
ç²n

ç²Ë
à¥Ì“]àÖ̓

ç²{

ç²Ö

ç
ç Öç {ç Ëç nç ¥çç ¥Öç ¥{ç ¥Ëç ¥nç Öçç
–{ ,iň`ØؓÍ< ,"
àÍ¥ç
Ë

{
i>Ž
< ,"

–Ö
ç Öç {ç Ëç nç ¥çç ¥Öç ¥{ç ¥Ëç ¥nç Öçç
ÏÌÅ
+ +12+ >B`A]>FC W.X`A] X>B>AW ]F >:O 7O^I $`] e>]< 6A].W.,
B.X`W.B.C]Y F >X ]<. 6A].W., XgX].B F`]K`]O

(18. $6$ 41/=81--*-*=D 1" 9==* 9D9=.95


 -998F - 9A !(-> /-(>(/- /8 9F9>, 3"5$H4 >/  9>8A>A8++F /->8/+++
(9
3(4 (9 8&+ 8/, >& (-2A>
3((4 >& -/-(+ /,2/9(>(/- / $ (  (  % /->(-9 -/ /C8'/-9>8(- 9A'
9F9>,5
IZ[ 7O ]W`)]`WA CAgX>X

/ Y(L( <>R L($5:( /L>; R5( 7<@UR& R5(L( Y>U:' (  '($>;@>M7R7>< >/ 9
7<R> 9 AR5( L($5:( @LRB& <' 9 AR5( U<L($5:( @LRB& MU$5 R5R
4  3 $9 ( 6%
4  3 $9 %
<' >X7>UM:[ R5(L( 7M <> M>:UR7>< R> R5( >X( M[MR(; />L -F 9 & <;(:[ Y5(< 9
7M MU$5 R5R R5( @LR 9 '>(M <>R MR7M/[ R5( M($><' (EUR7><D < <>R5(L 5<'& 7/
R5( $<><7$: '($>;@>M7R7>< '7' $><R7< < >X(L6$><MRL7<(' MUM[MR(;& R5( 9<>Y<
XL7:(M Y>U:' MR7M/[ M>;( $>;@R77:7R[ $><'7R7><& Y57$5 Y>U:' L(MU:R 7< R5(
(Z7MR(<$( >/ M>;( ;<7/>:'
#$9 %  4
<' 7< R5( 7;@>MM77:7R[ R> 0<' <[ $><RL>: 6 Y5(< R5( Y7M5(' M[MR(; MRR(M :7( >UR
>/ R57M ;<7/>:'D
5( $M( >/ '[<;7$: M[MR(;M 7M ;>L( $>;@:(Z& <' (Z$(@R />L :7<(L M[MR(;M&
><:[ R5( L($57:7R[ $><'7R7>< >/ R5( >X( L(MU:R $< ( (ZR(<'('D ><M7'(L R5(
4(<(L: M[MR(;
9 #  ) $9# ( 9 ( 6( P% A1D3?B
  - $9# ( 9 ( 6( P% A1D3TB
)
9 #  9# ( A1D3SB
)P
Y5(L( R5( 9<>Y< XL7:(M L(  9 @ 9 # & R5( U<9<>Y< XL7:(M L(   9# @6
#
<' R5( $><MRL7<RM L(   ) @ - @ #D D
>R( R5R M7<$( R5( 7<7R7: $><'7R7><M 9# $4% L( 9<>Y<& '(L7XR7X( M Y(:: M 7<R(6
4L: $UM:7R[ $< ( UM('D
(18. $6; 4(*-*=D 1/*=*1/5
 -998F /-(>(/- /8 9F9>, 3"5$14  3"5$?4 >/  9>8A>A8++F /->8/+++ (9
>&> -  8& 8/, >& (-2A> 65

57M $><'7R7>< (Z@L(MM(M R5R R5(L( '>(M <>R (Z7MR <[ MUM[MR(; Y5>M( '[<;6
7$: (5X7>UL 7M 7<'(@(<'(<R >/ R5( 7<@URD 5( H<> >X(L6$><MRL7<(' MUM[MR(;I
$><'7R7>< $<<>R ( (ZR(<'(' R> R5( 4(<(L: $M(& UR 7R 5>:'M />L :7<(L M[MR(;MD >L
M7;@:7$7R[& :(R UM 'L>@ :4(L7$ (EUR7><M& <' $><M7'(L R5( M[MR(; A1D33B& A1D31B
Y7R5 R5( 9<>Y< XL7:(M  9 # & R5( U<9<>Y< XL7:(M   9# @ 6& <' R5(
#
$><MRL7<RM   ) @ #D D
9 #  ) $9# ( 6( P% A1D33B
)
9 #  9# A1D31B
)P
7O2 ]W`)]`WA CAgX>X F5 5`A] ]FA.WC). IZZ

(18. $6: 4 */8 1/=*/@1@9 9D9=.95


>& /-9>8(->9 ) 8 +(-8  -998F - 9A !(-> /-(>(/- /8 9F9>,
3"5$$4 3"5$"4 >/  9>8A>A8++F /->8/+++ (9 >&>
3(4 (9 8&+ 8/, >& (-2A>
3((4 >& -/-(+ /,2/9(>(/- / $ (  (  % /->(-9 -/ /C8'/-9>8(-
9A9F9>,5

5( (Z7MR(<$( >/ < >X(L6$><MRL7<(' MUM[MR(; Y>U:' 7;@:[ R5R R5( 9<>Y< XL76
:(M A5(L( 9 # B MR7M/[ M>;( $>;@R77:7R[ $><'7R7><MD >L :7<(L M[MR(;M& R5(M(
Y>U:' ( (Z@L(MM(' M

9 #  4( A1D3PB
Y5(L( 7M M>;( $><MR<R X($R>L& /L>; Y57$5 7R />::>YM R5R <[ M[MR(; RL8($R>L[
Y>U:' (:><4 R> R5( ;<7/>:'
 
9# $P% 4 9# $P2 %  4
<' R5(L(/>L( R5R 7R 7M <>R @>MM7:( R> 'L7X( R5( M[MR(; MRR( R> <[ @>7<R 7< R5( MRR(
M@$(D
><'7R7>< A77B '>(M <>R (ZR(<' R> <><:7<(L M[MR(;M& ($UM( 7< >L'(L R> '(0<( 
;<7/>:' R5( $>;@R77:7R[ $><MRL7<RM A1D3PB Y57$5 Y>U:' <>Y ( <><6:7<(L M5>U:'
:M> ( 7<R(4L:(D 57M @L>@(LR[ '>(M <>R />::>Y /L>; MRLU$RUL: $><M7'(LR7><MD

+ 1-414-$ &$8.!. ( 4$1 1($-&


 M[MR(; 7M M7' R> ( /U:R R>:(L<R 7/ R5( M[MR(; >8($R7X(M $< ( $57(X('& 7< M@7R(
>/ R5( /U:RMD 8($R7X(M $< ( $:MM70(' 7<R> RY> $:MM(M& MM>$7R(' (7R5(L Y7R5 R5(
$><RL>:& >L Y7R5 R5( (MR7;R7><& >/  47X(< MUM(R >/ R5( M[MR(; XL7:(MD 8($R7X(M
$< ( $57(X('& 7< M@7R( >/ R5( /U:RM& 7/ R :(MR ><( >/ RY> @L>$('UL(M& <;(:[ A+>
/,,/>(/- <' 9F9>, 8/-!%A8>(/- $< ( UM(' MU$$(MM/U::[D U:R $$>;6
;>'R7>< ;(<M R> $><RL>: >L (MR7;R( R5( XL7:(M >/ 7<R(L(MR 7< >& A+>F 9F9>,
AY57$5 ;(<M U<'(L R5( $><MRL7<RM MM>$7R(' Y7R5 R5( /U:R[ $>;@><(<RMBD [MR(;
L($><04ULR7>< ;(<M R> MY7R$5 >// /U:R[ $>;@><(<RM A<' (X(<RU::[ MY7R$5 ><
5(:R5[ ><(M& Y57$5 Y(L( >// (/>L( R5( /U:R >$$ULMB& M> R5R $><RL>::7<4 >L >M(LX6
7<4 >& 89A+>(-% -D 9F9>, $< $57(X( R5( $><RL>: >L (MR7;R7>< >8($R7X(M U<'(L
R5( M(R >/ $><MRL7<RM MM>$7R(' Y7R5 R5( L($><04UL(' M[MR(;D
5R(X(L R5( M@($70$ />L; >/ R5( $><RL>: >L (MR7;R7>< @L>:(; A'(R(L;7<7MR7$&
MR>$5MR7$& Y7R5 U<$(LR7<R7(M& (R$B& $><RL>: >8($R7X(M >X7>UM:[ <((' R5( M[MR(;
XL7:(M >/ 7<R(L(MR R> ( $><RL>:::(& Y57:( (MR7;R7>< >8($R7X(M <((' R5(; R>
( >M(LX:(D 5(L(/>L(& M /L M /U:R R>:(L<$( 7M $><$(L<('& 7R 7M >/ 7<R(L(MR R>
<:[M( R5>M( M[MR(; MRLU$RUL: @L>@(LR7(M& <>R ><:[ 7< R5( <>L;:& UR :M> 7< /U:R[
>@(LR7>< ;>'(MD
IZ2 7O ]W`)]`WA CAgX>X

$6 62 @-=9 / =( 9D9=. 9=8@=@8

U:R[ >@(LR7>< ;>'(M L( ;>'(M 7< Y57$5 M>;( $>;@><(<RAMB (7<4 /U:R[& ><( >L
M(X(L: >/ R5( M[MR(; $><MRL7<RM L( <>R R5( <>;7<: ><(MD (R $ (  (  %
AL(M@($R7X(:[ $/+ ( /+ ( /+ %B ( R5( 76@LR7R( 4L@5M MM>$7R(' Y7R5 R5(
<>;7<: AL(M@($R7X(:[ R5( /U:R[B M[MR(;D 5( $5<4(M 7< R5( $><MRL7<RM& Y57$5 />:6
:>Y R5( >$$ULL(<$( >/  /U:R& ;[ ( $:MM70(' 7<R> $5<4(M Y57$5 //($R R5( MRLU$6
RUL( >/ R5( M[MR(; A9>8A>A8+ A+>9B <' $5<4(M Y57$5 '> <>R //($R R5( MRLU$RUL(
>/ R5( M[MR(; A-/-'9>8A>A8+ A+>9BD

% 1/)9=8@=@8- "@-=9 L( MU$5 R5R


$ (  (  %  $/+ ( /+ ( /+ % E
5(L(/>L(& R5( ><:[ $5<4(M $UM(' [ R5( /U:R L( 7< R5( ;R5(;R7$: (Z@L(M6
M7><M >/ R5( $><MRL7<RM  D L;(RL7$ /U:RM& 7< Y57$5 ><:[ R5( X:U(M >/ R5(
@L;(R(LM L( $5<4('& L(  X(L[ $>;;>< (Z;@:( >/ <><6MRLU$RUL: /U:RMD >L
(Z;@:(& $><M7'(L  L(M7MR>L& Y5>M( L(M7MR<$( $5<4(M /L>; R5( <>;7<: X:U(
4 R> <>R5(L ><(& 4 ; ' ; -( />::>Y7<4 R5( M5>LR $7L$U7R >/ M>;( MUM(R >/
(:($RL7$ RUL<MD 5( >$$ULL(<$( >/ R5( /U:R 8UMR $5<4(M R5( $><MRL7<R T 4 4 4  4
7<R> R5( $><MRL7<R T 4 ' 4  4D

% =8@=@8- "@-=9 $5<4( R5( M(R >/ R5( $><MRL7<RM <' XL7:(M Y57$5 L( R>
( $><M7'(L('D >L (Z;@:(& /U:R (//($RM ;745R <>R ><:[ $><$(L< @L;(R(LM& >L
R5([ ;745R ( MM>$7R(' Y7R5 M@($7: X:U(M >/ R5( @L;(R(LM& M> R5R R5( M(RM
 (  (  L( $5<4('D >L R5( >X( L(M7MR>L& (Z;@:(M >/ MU$5 /U:RM
L( '  4 AR5( L(MU:R >/  $>;@:(R( M5>LR6$7L$U7RB& <' '  - AR5( L(MU:R
>/ R5( L(M7MR>L :>Y6>// 'U( R> >X(L 5(R7<4BD 5(M( RY> 7<R(L<: /U:RM $5<4(
R5( $><MRL7<R T 4 4 4  4 L(M@($R7X(:[ 7<R> T  4 AY57$5 '>(M <>R $><MRL7<
4B <' 7<R> 4  4 AY57$5 '>(M <>R $><MRL7< TBD <>R5(L (Z;@:( 7M R5R >/ <
(ZR(L<: /U:R& $UM(' [ >@(LR7<4 R5( L(M7MR>L <>R 7< R5( <>;7<: R(;@(LRUL(
L<4(& 7< Y57$5 R5( L(M7MR<$( X:U( $< <> :><4(L ( $><M7'(L(' M $><MR<R& UR
'(@(<'M >< R5( R(;@(LRUL( R& R5UM $5<47<4 R5( $><MRL7<R 7<R> T 4 $R%4  4
Y7R5 ' ( 4 6 4E
< ;<[ $M(M& R5( M(R >/ R5( XL7:(M Y57$5 L( :7<9(' [ R5( $><MRL7<RM '>(M
<>R $5<4(& UR R5( <RUL( >/ R5( L(:R7><M57@ 7M ;>'70('& L(MU:R7<4 7<  $5<4( >/
R5( @>MM7:( ;R$57<4MD < >R5(L $M(M& R5( <(Y $><MRL7<RM 7<RL>'U$( >L MU@@L(MM
M[MR(; XL7:(MD

6#(" +' '"( 3%3


FCX>,.W ]<. FC=F55 >CK`] dAd. F5 ]<. X>C:A.=]C@ XgX].B+ e<FX. CFWBA FK.W]>FC >X ,.=
X)W>$., $g

P L!    F# L!  "
%
P L!  0  F# L!  0A
`KKFX. ]<. dAd. >X $AF)@., FK.C+ ]<.C ]<. )FCX]W>C] >] >C]WF,`).X $.)FB.X
7O2 ]W`)]`WA CAgX>X F5 5`A] ]FA.WC). IZD


P L!    F# L!  "
%
P L!  0  F# L!  "A
$d>F`XAg+ ]<. X]W`)]`WA :WK< W.B>CX ]<. XB.+ $`] ]<. C]`W. F5 ]<. W.A]>FCX<>K $.]e..C
P C, F# >X )<C:.,O
.] `X 6WX] X`KKFX. ]<] $F]< P C, F# W. `C@CFeC dW>$A.X* ]<. X.] F5 ]<. KFXX>$A. B])<=
>C:X >X )<C:.,O C ]<. CFB>CA X>]`]>FC+ $F]< P C, F# )C $. B])<., e>]< )FCX]W>C] %
e<>A. >C ]<. 5`A]g X>]`]>FC+ ]<. FCAg KFXX>$A. B])<>C: >X % ' F# !O
.] `X CFe X`KKFX. Le<>)< >X ]<. `X`A X>]`]>FCM ]<] ]<. )FC]WFA P >X @CFeC C, ]<] F # >X
`C@CFeCO <. FCAg KFXX>$A. B])<>C: % ' F# ! ,F.X CF] W.KW.X.C] Cg W.A ,.K.C,.C)g+ X>C).
]<. dA`. F5 F# >X CF AFC:.W  )FCX.Q`.C). F5 ]<. dA`. F5 ]<. )FC]WFA P+ $`] >] >X 5FW)., ]F "A
<>X )C $. BF,.AA., $g ]<. 5)] ]<] e<.C ]<. 5`A] >X KW.X.C]+ ]<. CF,. % >X W.BFd., 5WFB
]<. :WK< C, )FCX.Q`.C]Ag+ ]<. .,:.X P' % ! C, F# ' % ! ,>XKK.WO <. CF,.X P C, F#
e<>)< W.B>C $.)FB. CF,.X e>]< @CFeC dA`.X+ C, CAgX>C: ]<. )<C:. >C ]<. F$X.Wd$>A>]g
C, )FC]WFAA$>A>]g KWFK.W]>.X F5 ]<. XgX].B W.,`).X ]F ]<. CAgX>X F5 ]<. )FCX.Q`.C). F5 F #
)<C:>C: >]X X]]`X 5WFB `C@CFeC ]F @CFeC L$`] )FCX]C]MO
`KKFX. CFe ]<] ]<. dAd. X]>AA )AFX.X K.W5.)]Ag+ $`] ]<.W. >X  A.@ e<.C >] >X FK.CO <.
)FCX]W>C] $.)FB.X

P L!    F# L! # F& L!  "
%
P L!  0  F# L!  0'
e<.W. F& L! >X ]<. L`C@CFeCM A.@:. 8FeO <. C.e )FCX]W>C] >C]WF,`).X ]<. .f]W dW>$A.
F& L! ]<`X )<C:>C: ]<. X]W`)]`W. F5 ]<. XgX].BO ] Bg $. >Cd.X]>:]., e<.]<.W >] >X KFXX>$A.
]F $`>A,  BF,.A X`)< ]<] ]<. X]W`)]`WA :WK< W.B>CX ]<. XB. >C ]<. KW.X.C). F5 X`)< 5`A]X+
$g )FCX>,.W>C: ]<. 5`A] BF,.A ] ]<. $.:>CC>C:O C ]<>X )X.+ ]<. CFWBA FK.W]>FC )F`A, $.
,.X)W>$., $g F& L! $.>C:  @CFeC dW>$A. L]<`X >C]WF,`)>C: ]<. )FCX]W>C] % M

P L!    F# L! # F& L!  "
%
P L!  0  F# L!  0
% F& L!  0'
e<>A. ]<. 5`A]g FK.W]>FC eF`A, $. BF,.AA., $g W.BFd>C: CF,. %  + ]<`X :>C )<C:>C: ]<.
:WK< C, ]<. X]]`X F5 F& L! 5WFB @CFeC ]F `C@CFeCO 

$6 6? /1B-' 1@= "@-=9

5<4(M Y57$5 L(MU:R /L>; /U:RM ;[ :M> ( $:MM70(' 7<R> 9<>Y< <' U<9<>Y<
><(MD 57M '(@(<'M >< R5( @(L/>L;<$( >/ R5( /U:R '74<>M7M :4>L7R5;MD
5( $>;@:(R( 9<>Y:('4( >/ $5<4(M AY5(R5(L R5([ //($R >L <>R R5( MRLU$RUL( >/
R5( M[MR(;B L(EU7L(M /U:R '(R($R7>< A7<'7$R(M R5R /U:R 5M >$$ULL('B& /U:R 7M>:R7><
A7<'7$R(M Y57$5 $><MRL7<RM 5X( ((< $5<4('B& <' /U:R (MR7;R7>< A7<'7$R(M R5(
<(Y ;R5(;R7$: (Z@L(MM7>< >/ R5( $><MRL7<RM& >L R5( <(Y X:U(M >/ R5( @L;(R(LM
7< R5( $5<4(' $><MRL7<RMBD >R( R5R 7< M>;( $M(M& 7R ;[ 5@@(< R5R ><:[  MUM(R
>/ X:U(M 7M @L>@>M(' [ R5( /U:R '74<>M7M :4>L7R5; />L R5( <(Y @L;(R(LM AR5UM
@L>X7'7<4 < U<$(LR7< ;>'(: >/ R5( /U:R[ M[MR(;BD
>Y(X(L& 7< ;>MR $M(M& ><:[ /U:R '(R($R7>< <' /U:R 7M>:R7>< L( X7::(D 5(<
$5<4(M L( ><:[ @LR7::[ 9<>Y<& <;(:[ R5( MUM(RM >/ $5<4(' <' U<$5<4('
$><MRL7<RM L( 9<>Y<& UR R5(7L ;>'(: 7M <>R X7::(D
I2i 7O ]W`)]`WA CAgX>X

$$>L'7<4 R> R5( $:MM >/ R5( /U:RM& <' R> R5( @(L/>L;<$(M >/ R5( /U:R '746
<>M7M :4>L7R5;M& R5L(( :(X(:M $< ( '7MR7<4U7M5(' />L R5( <:[M7M >/ R5( $5<4(M
7< R5( M[MR(; MRLU$RUL: <:[M7M& <;(:[ R5( <> MRLU$RUL: $5<4(& 9<>Y< MRU$RUL:
$5<4(M& <' U<9<>Y< MRLU$RUL: $5<4(M :(X(:MD

$6 6> @-= =1-8/ B*=( 893= =1 /1/)9=8@=@8- "@-=9

L>; R5(7L '(0<7R7><& <><6MRLU$RUL: /U:RM '> <>R $5<4( R5( M[MR(; MRLU$RUL:
4L@5D 5UM& <> M@($70$ MRLU$RUL: <:[M7M @L>:(; 5M R> ( MRR('& M7<$( MRLU$6
RUL: >M(LX7:7R[ <' $><RL>::7:7R[ @L>@(LR7(M L( R5( M;( 7< R5( /U:R[ <' 7<
R5( 5(:R5[ M[MR(;D 57M L(MU:RM /L>; MRLU$RUL: <:[M7M $><$:UM7><M (7<4 7<'(@(<6
'(<R >/ R5( ;R5(;R7$: (Z@L(MM7><M >/ R5( $><MRL7<RM AM :><4 M R5( U<'(L:[7<4
MMU;@R7><M L( MR7M0('B <' >/ R5( X:U(M >/ R5( @L;(R(LMD
5(< R5( ;>'(: >/ R5( /U:R[ M[MR(; 7M 9<>Y< AY57$5 ;(<M R5R R5( /U:R '76
4<>M7M @L>$('UL( @L>X7'(M :M> R5( (MR7;R7>< >/ R5( <(Y M[MR(; $><MRL7<RM <'
@L;(R(LMB& R5( /U:R $$>;;>'R7>< @L>:(; $< ( M(R& <' /U:R $$>;;>'R7><
$< ( @(L/>L;('& 7/ R57M @L>:(; 5M  M>:UR7>< AL(;(;(L R5R (X(< Y5(< MRLU$6
RUL: @L>@(LR7(M L( RLU(& R5([ '> <>R 4UL<R(( $RU: @L>@(LR7(M R> 5>:'BD 5(< ><:[
U<$(LR7< X:U(M $< ( MM74<(' R> R5( <(Y @L;(R(LM&  L>UMR /U:R $$>;;>'6
R7>< @L>:(; $< ( M(R& <' L>UMR /U:R $$>;;>'R7>< $< ( @(L/>L;(' 7/ R57M
@L>:(; 5M  M>:UR7><D 7<::[& Y5(< <> X:U( $< ( @L>X7'(' />L R5( <(Y @L;6
(R(LM& 7R 7M 8UMR 9<>Y< R5R R5( M[MR(; L(;7<M MRLU$RUL::[ $><RL>:::( A>M(LX:(B&
UR R5( /U:R6R>:(L<R $><RL>: $<<>R ( $57(X(' UM7<4 R5( $$>;;>'R7>< MRLR(4[&
<' L($><04ULR7>< 5M R> ( 7<X(MR74R('D

$6 6& @-= =1-8/ B*=( 893= =1 9=8@=@8- "@-=9

RLU$RUL: /U:RM $5<4( R5( M[MR(; MRLU$RUL: 4L@5D M M((< >X(& $5<4(M R> (
$><M7'(L(' L(% $5<47<4 R5( MRRUM >/ XL7:(M /L>; 9<>Y< R> U<9<>Y< A>L /L>;
U<9<>Y< R> 9<>Y<B& <' MU@@L(MM7<4 M>;( $><MRL7<R <>'(M Y57:( MU@@L(MM7<4 >L
<>R R5( MM>$7R(' XL7:(MD Y> $M(M L( R> ( '7MR7<4U7M5('& $$>L'7<4 R> Y5(R5(L
R5( /U:R '74<>M7M :4>L7R5; @L>X7'(M >L '>(M <>R @L>X7'( R5( 9<>Y:('4( >/ R5(
$5<4(MD
% 5(< R5( ;>'(: >/ R5( /U:R[ M[MR(; 7M 9<>Y<& 7R 7M @>MM7:( R> M(R < $$>;6
;>'R7>< @L>:(;& Y57$5 ;[ 5X( M>:UR7><MD RLU$RUL: >M(LX7:7R[ <' $><6
RL>::7:7R[ @L>@(LR7(M L( <($(MML[ />L MU$5  M>:UR7>< R> (Z7MR& <' R5([ $< (
<:[M(' /L>; R5( A9<>Y<B MRLU$RUL: 4L@5 >/ R5( /U:R[ M[MR(;D
% 5(< R5( ;>'(: >/ R5( /U:R[ M[MR(; 7M <>R 9<>Y< AR5( $5<4(M 7< R5( $><6
MRL7<RM $< ><:[ ( '(R($R(' <' 7M>:R('B& /U:R $$>;;>'R7>< 7M <>R @>MM76
:(& <' ><:[ M[MR(; L($><04ULR7>< $< ( UM(' R> @L>X7'( R5( '(M74< (<47<((L
Y7R5  9<>Y< M[MR(; ;>'(:& Y57$5 L(MU:RM /L>; MY7R$57<4 >// R5( /U:R[ $>;6
@><(<RM A<' ;[( :M> MY7R$57<4 >< M>;( $>;@><(<RM Y57$5 Y(L( @L(X7>UM:[
7O2 ]W`)]`WA CAgX>X F5 5`A] ]FA.WC). I2I

>//BD RLU$RUL: >M(LX7:7R[ <' $><RL>::7:7R[ @L>@(LR7(M& $< R5(< ( <:[M('


/L>; R5( A9<>Y<B 4L@5 >/ R5( L($><04UL(' M[MR(;D
< >R5 $M(M& MRLU$RUL: >M(LX7:7R[ <' $><RL>::7:7R[ L( <:[M(' /L>; R5(
$5<4(' MRLU$RUL: 4L@5 AR5( $5<4( L(MU:RM /L>; R5( /U:RM 7< R5( $$>;;>'R7><
MRLR(4[& Y57:( 7R L(MU:RM /L>; MY7R$57<4 >// <' >< M>;( $>;@><(<RM 7< R5( L($><6
04ULR7>< MRLR(4[BD (;(;(L R5R  MRLU$RUL::[ >M(LX:( A$><RL>:::(B XL7:(
W 7M R5( RL4(R >/  MU4L@5 A M(R >/ :R(L<R(' $57<MB Y7R5 M@($70$ @L>@(LR7(M A(D4D
$UM: Y7R5 L(M@($R R> '(L7XR7X( $UM:7R[B Y57$5 :7<9M R57M XL7:(M <' R5( M(R >/
R5( 9<>Y< ><(M AL(M@($R7X(:[ R5( M(R >/ R5( 7<@UR M74<:MBD 5(L(/>L(& R5( <:[M7M >/
/U:R R>:(L<$( 7M $><$(L<(' Y7R5 <MY(L7<4 R5( EU(MR7>< Y5(R5(L MU$5 MU4L@5M '>
>L '> <>R '7M@@(L& Y5(< <>'(M L( MU@@L(MM('& >L Y5(< R5( MRRUM >/ R5( XL7:(M
7M $5<4(' /L>; 9<>Y< R> U<9<>Y< MRRUM >L X7$( X(LMD
5( EU(MR7>< 5M R> ( <MY(L(' ><6:7<(& M M>>< M R5( MRLU$RUL( 4L@5 >/ R5(
/U:R[ M[MR(; ($>;(M X7::( /L>; /U:R '74<>M7M& Y5(< /U:R $$>;;>'R7><
7M UM('D R $< ( <MY(L(' >//6:7<(& (/>L(5<'& />L  47X(< M(R >/ /U:RM& Y5(< L(6
$><04ULR7>< 7M (<X7M4('D < R5R $M(& R5( @L>:(; 7M R> '($7'( >UR R5( 8/-!%'
A8(+(>F >/ R5( $><RL>: <' (MR7;R7>< M$5(;( 7< R5( @L(M(<$( >/ 47X(< /U:RM& 7D(D R>
'($7'( Y5(R5(L M>;( MRLU$RUL::[ >M(LX:( A$><RL>:::(B XL7:( W MR7:: L(;7<M
MRLU$RUL::[ >M(LX:( A$><RL>:::(B Y5(< R5( /U:R[ $>;@><(<RM L( MY7R$5(' >//&
>L 7< >R5(L Y>L'M& L(;>X(' /L>; R5( M[MR(; AY57$5 ;(<M R5R M>;( X(LR7$(M , <'
R5( MM>$7R(' ('4(M , L( L(;>X(' /L>; R5( MRLU$RUL( 4L@5BD
57M 7M >X7>UM:[ RLU( M :><4 M R5(L( L(;7<M R :(MR ><( (MR7;R7>< A$><RL>:B
MU4L@5 Y5>M( RL4(R 7M W( Y5(< R5>M( X(LR7$(M L( L(;>X('D EU7X:(<R:[& R57M
;(<M R5R M(X(L: (MR7;R7>< A$><RL>:B MU4L@5M Y7R5 RL4(R W Y(L( (Z7MR7<4 7<
R5( <>;7<: 76@LR7R( 4L@5& <' R5R R :(MR ><( >/ R5(; '>(M <>R $><R7< <[
$><MRL7<R Y57$5 (:><4M R> R5( /U:R[ $>;@><(<RD R />::>YM R5R 7R 7M @>MM7:( R>
(X:UR( R5( (ZR(<R R> Y57$5  M[MR(; 7M /U:R R>:(L<R [ L($><04ULR7><& [ $>U<R7<4
R5( <U;(L >/ MU$5 '7//(L(<R >M(LXR7>< A$><RL>:B @>MM77:7R7(MD
#/*=*1/ $60 4@//D '895
& 9>(,>(/- 8A--F %8 / - /98C+ C8(+ W D(>& 892> >/ 
%(C- A+> G (9 >& -A,8 / 9>(,>(/- 9A%82&9 D&/9 >8%> (9 W - D&(&
8 -/>  > F G5 (,(+8+F >& /->8/+ 8A--F %8 /  /->8/+++
C8(+ W D(>& 892> >/  %(C- A+> (9 >& -A,8 / /->8/+ 9A%82&9 D&/9
>8%> (9 W - D&(& 8 -/>  > F >&> A+>5
57M '(0<7R7>< $< >X7>UM:[ ( (ZR(<'(' R> R5( $><M7'(LR7>< >/  47X(< MUM(R >/
/U:RM& <' 7RM 7<R(L@L(RR7>< 7M MRL745R/>LYL'D (R *$W( % ( ><( >/ R5( L('U<'<$[
'(4L((M A(MR7;R7>< >L $><RL>:B >/ W Y7R5 L(M@($R R>  < D R $5L$R(L7M(M R5( <U;6
(L >/ M[MR(; $><04ULR7><M Y57$5 MR7:: ::>Y R> $57(X( R5( >8($R7X( >/ (MR7;R7<4
<' $><RL>::7<4 R5( U<9<>Y< XL7:( W R5L>U45 L($><04ULR7>< Y5(< R5( MUM(R >/
$><MRL7<RM  7M /U:R[D >L <[ @7L $W( % 7R $< ( (M7:[ '(R(L;7<(' /L>; MRLU$6
RUL: <:[M7M <' 7R $< ( UM(' M  ;(MUL( >/ /U:R R>:(L<$( AL($><04UL7:7R[B
>/ R5( (MR7;R7>< >L $><RL>: @L>:(;D
I2_ 7O ]W`)]`WA CAgX>X

#/*=*1/ $62F 48*=*- 9=95 /8 & %(C- C8(+ W >/  9>(,> /8 /-'
>8/++  8(>(+ A+> 9>  $W% (9 >& ,(-(,+ 9> / /-9>8(->9 9A& >&> W (9 -/
+/-%8 /98C+ /8 /->8/+++ D&- >&F 8 ++ A+>F
 ' 

$W%   < ( * W(   4 E

5(L( ;[ ( M(X(L: $L7R7$: /U:R M(RM />L  47X(< XL7:(D 5( ><( Y7R5 R5( :(MR
$L'7<:7R[ <' R5( ><( Y7R5 R5( :L4(MR $L'7<:7R[ L( L(M@($R7X(:[ MM>$7R(' Y7R5
R5( M>6$::(' GMRL><4G <' GY(9G L('U<'<$[ '(4L((MD

6#(" +2 4("1'$ .(' 2.1#('


FCX>,.W ]<. ]eF=]C@ XgX].B e<FX. FW>.C]., :WK< >X :>d.C $g >:O 7O_2O `KKFX. ]<] >C
,,>]>FC ]F ]<. X>C:A. X.CXFW F' Le<>)< KWFd>,.X ]<. W.,`C,C)g W.A]>FC :>d.C $g >:O 7O_DM
e. `X. X.CXFWX e<>)< B.X`W. ]<. A.d.AX 1' C, 1 ' >C ]<. ]eF ]C@X
%" 1  1'
%" 1  1 'A
<. `KK.W KW] F5 >:O 7O^^ X<FeX ]<. A].WC]., )<>CX XXF)>]., e>]< ]<. XB. B])<>C:+
e>]< F$d>F`X .f].CX>FC ]F ]<. C.e @CFeC dW>$A.X 1' C, 1 ' ]<] W. @CFeC C,+ <.C).+
,WeC e>]< ,X<., A>C.XO
XX`B. XFB. 5`A] FC X.CXFW F' + e<>)< >X `C@CFeC+ C, ]<.W.5FW. )CCF] $. )FBK.CX].,
L5`A] ))FBBF,]>FC >X CF] KFXX>$A.MO <. XgX].B )C C.d.W]<.A.XX X]>AA $. FK.W]., KWFd>,.,
W.)FC6:`W]>FC >X KFXX>$A.O <>X >X >C,.., ]<. )X.+ X X<FeC $g ]<. C.e A].WC]., )<>C
1 ' , %" , 1 , % , F
$g e<>)< F )C CFe $. )FBK`]., LC, ]<.W.5FW. >] W.B>CX F$X.Wd$A.+ X e.AA X AA ]<.
F]<.W XgX].B dW>$A.XMO F]. ]<] `X>C: ]<>X C.e X]W`)]`W.+ FC. W.,`C,C)g W.A]>FC >X AFX]+
CB.Ag ]<. W.A]>FC XXF)>]., e>]< ]<. A].WC]., )<>C
1 ' , %" , 1 , % , F , %' , F' A
<. C.e X>]`]>FC >X X<FeC >C ]<. AFe.W KW] F5 ]<. 6:`W.O 

6#(" +1 2''6  ./ ' .#1#% /1/


FCX>,.W  XgX].B e>]< 6d. X.CXFWX T# + 2  ' AAA' + C, XX`B. e. W. >C].W.X]., >C ]<.
.X]>B]>FC F5 ]<. `C@CFeC dW>$A. S O .] ]<. X]W`)]`WA :WK< $. :>d.C $g >]X >C)>,.C).
B]W>f
S S S S T T T T T

%   
%   
%   
%  
%
  
%   
%  
@>C: S X ]<. ]W:.] FC. F$]>CX ]<. :WK< :>d.C $g >:O 7O^9O
7O2 ]W`)]`WA CAgX>X F5 5`A] ]FA.WC). I2^

 

          


       
    



 
 
     
 

     

 

 

   
     

     
    



 
 
     
 

     

+ +11+ .)FC6:`W$>A>]g F5 ]<. ]eF=]C@ XgX].B Le>]< ,,>]>FCA


X.CXFWXM

 

     

       

       

       

+ +1+ ]W`)]`W. :WK< e>]< ]W:.] S


I29 7O ]W`)]`WA CAgX>X

<.W. W. ]<W.. ,>55.W.C] egX ]F )FBK`]. ]<. .X]>B]>FC F5 S + .>]<.W $g `X>C: )FCX]W>C]
% + FW $g % FW % O )@]W)@>C: ]<. A].WC]., )<>CX FC. F$]>CX  ]F]A F5 6d. KFXX>$>A>]>.X
L>O.O 6d. d.WX>FCX F5 ]<. .X]>B]>FC X.Wd>).M Q ' AAA' Q
+ e<FX. 5FWBA W.KW.X.C]]>FCX W.*
Q S  / / T !' /
T ' T !!
Q S  / T ' / T ' T !!
Q S  / T ' / T !!
Q S  / / T ' T !' T
!
Q
S  / / T !' T
!A
<.C X.CXFW T >X 5`A]g C, ,>X)FCC.)]., 5WFB ]<. XgX].B+ ]<. W.B>C>C: d.WX>FCX W.
Q S  / T ' / T ' T !!
Q S  / T ' / T !!
Q S  / / T ' T !' T
!
Q
S  / / T !' T
!
C, ]<.W.5FW. ]<. .X]>B]>FC W.,`C,C)g ,.:W.. F5 S e>]< W.XK.)] ]F ]<. 5`A] F5 T >X 9O
`A]X FC X.CXFW T W. BFW. X.d.W.+ X>C). ]<.g A.d. FCAg d.WX>FC Q
FK.W]>FCAO <. X.]X
T ' T + T ' T
+ T ' T  W. )W>]>)A+ X>C). e<.C ]<.X. X.CXFWX W. ,>X)FCC.)].,+ ]<.W. >X
CF .X]>B]>FC d.WX>FC ] AAO <.W.5FW.+ ]<. X]WFC: W.,`C,C)g ,.:W.. >X _O 

+' 5$41!(& ( .1-414-$ &$8.!.


RLU$RUL: <:[M7M 7M < 7;@>LR<R R>>:& Y57$5 7M >/ 7<R(L(MR 7< R5( (L:[ MR4( >/
R5( $><RL>: <' MU@(LX7M7>< M[MR(; '(M74<& Y5(< '(R7:(' ;>'(:M L( <>R X7::(D
5( /U:R '74<>M7M <' /U:R6R>:(L<R $><RL>: L(MU:RM 7R @L>X7'(M L( R5( 7'(<R70$R7><
>/ R5( ;><7R>L:( @LR >/ R5( M[MR(;& <' R5( 7'(<R70$R7>< >/ R5( L($><04ULR7><
@>MM77:7R7(M >/ R5( (MR7;R7>< AL(M@($R7X(:[ R5( $><RL>:B M$5(;(D 7<$( '(R7:(' (6
5X7>UL ;>'(:M <((' ><:[ R> ( '(X(:>@(' />L R5>M( @LRM >/ R5( M[MR(;& MRLU$RUL:
<:[M7M 7M :M>  R>>: />L '($7'7<4 Y57$5 ;>'(::7<4 7<X(MR;(<RM ;UMR ( '><( />L
R5( '(M74< >/ R5( $><RL>: <' MU@(LX7M7>< M[MR(;D
M(LX7:7R[ <:[M7M 7M R5( ;7< MR(@ R> 7'(<R7/[ R5( M[MR(; ;><7R>L:( @LR&
Y57$5 7M R5( >X(L6$><MRL7<(' MUM[MR(; Y7R57< R5( >M(LX:( ><(D R $< ( <>6
R7$(' R5R MRLU$RUL: <:[M7M <>R ><:[ @L>X7'(M R5( $>;@URR7>< ;($5<7M;M />L R5(
(MR7;R7>< :4>L7R5;M <' R5(7L L($><04ULR7><& UR 7R $< :M> MU44(MR Y57$5 M(<6
M>LM M5>U:' ( 7;@:(;(<R(' M> M R> $5<4( R5( MRRUM >/ M[MR(; $>;@><(<RM /L>;
<><6;><7R>L:( R> ;><7R>L:(D
RLU$RUL: <:[M7M $<<>R 5(:@ 7< '(0<7<4 /U:R $$>;;>'R7>< MRLR(47(M& M7<$(
R5(M( MRLR(47(M L( 7;(' R 7<X(MR74R7<4 R5( ;(<M >/ $57(X7<4 R5( M[MR(; >8($6
R7X(M& 7< M@7R( >/ /U:RM& Y7R5>UR $5<47<4 7RM MRLU$RUL(D < R5( $><RLL[& MRLU$RUL:
<:[M7M 7M >/ @L7;( 7;@>LR<$( M /L M L($><04ULR7>< 7M $><$(L<('& M7<$( R5( L(6
MU:RM L( (Z@L(MM(' Y7R5 L(/(L(<$( R> 4L@5 @L>@(LR7(M& Y5>M( $5<4(M $< ( <:6
[M(' Y5(< X(LR7$(M <' ('4(M '7M@@(L& M R5( $><M(EU(<$( >/ MY7R$57<4 >// M>;(
M[MR(; $>;@><(<RM& /R(L  /U:R 5M >$$ULL('D
7OIi f.W)>X.X I27

+)9 7-!..

6,- +' 1.212.% '%6/#/ (. #'2/1.#% 121(.


@.  X]W`)]`WA BF,.A F5 ]<. )]`]FW X<FeC >C >:O 7O^7O

       

  


 
    
  
    

+ +1+ FX>]>FC )]`]FW FK.C AFFK

IO .].WB>C. ]<. X.]X L@CFeC dW>$A.XM+  L`C@CFeC dW>$A.XM C,  LAA dW>$A.XMO
_O >X] ]<. X.] F5 )FCX]W>C]X ]<] ,.X)W>$. ]<. XgX].B X<FeC >C >:O 7O^7O
^O W>]. ]<. >C)>,.C). B]W>f C, ,We ]<. X]W`)]`W. :WK<O
9O :CFW. )`XA>]g C, ,.].WB>C.  )FBKA.]. B])<>C: FC  ]<] >X CFC=)`XAO
7O X. ]<. WC@>C: A:FW>]<B ]F ,.].WB>C.  )FBKA.]. )`XA B])<>C: FC O >X] ]<. `C=
B])<., )FCX]W>C]XO
[O .].WB>C. ]<. KW>]g W.A]>FCX 5F`C, 5WFB ]<. `CB])<., )FCX]W>C]X $g $)@]W)@>C:
]<. X]W`)]`W. :WK< ]F @CFeC dW>$A.X AFC: ]<. K]<X F5 ]<. B])<>C:+
%# # !  0 ) # 3 A
ZO fKW.XX ]<. KW>]g W.A]>FCX >C CAg]>)A 5FWB `X>C: ]<. )FCX]W>C]X 5WFB Q`.X]>FC _O 

6,- +2 1.212.% '%6/#/ 4#1! 2'$'(4' #')21


FCX>,.W ]<. XK.., )FC]WFA )AFX., >C >:O 7O^[ e<.W. ; >X ]<. W.5.W.C). XK..,O
IO X>C: ]<. @CFeC dW>$A.X
 2' ' ;' ' N' ' ; 
C, ]<. `C@CFeC dW>$A.X
 
 N' N '
  2' & ' ;' ;'
,.].WB>C. ]<. X.] F5 )FCX]W>C]X ]<] ,.X)W>$. ]<. XgX].BO
_O @. ]<. X]W`)]`W. :WK< 5FW ]<. XgX].BO .X)W>$. ]<. :WK< X C >C)>,.C). B]W>f C,
,We ]<. X]W`)]`W. :WK<O
^O KKAg ]<. WC@>C: A:FW>]<B FC ]<. :WK< ]F ,.].WB>C. ] A.X] FC. )`XA B])<>C:O >X]
e<>)< )FCX]W>C]X e.W. `CB])<.,O
9O FW .)< `CB])<., )FCX]W>C]+ ,.].WB>C.  KW>]g W.A]>FC % # # !  0' # 3 O 
I2[ 7O ]W`)]`WA CAgX>X

    




  


  
  
   
   
 
  
    

+ +1/+ AF)@ ,>:WB F5  BF]FW e>]< AF, ]FWQ`. C, )AFX.,
XK.., AFFK

6,- +1 .#16 .%1#('/ (. /#' % 5#/ /1%%#1


<>X .f.W)>X. )FCX>,.WX X]W`)]`WA CAgX>X 5FW  SX>C:A.=f>XS X].AA>]. ,.X)W>$., $g ]<. $AF)@
,>:WB >C >:O 7O^ZO <. 6:`W. >AA`X]W].X  X>C:A. f>X F5  X].AA>].O
<.W. W. ]eF >CK`] X>:CAX P C, P ]F )]`]FWX I C, _+ W.XK.)]>d.AgO
<.W. >X FC. `C@CFeC >CK`] (O
<.W. W. 6d. B.X`W.B.C]X* T B.X`W.X ]<. X]]. S + T C, T B.X`W. S Y T C, T

B.X`W. ]FWQ`. 5WFB )]`]FWX I C, _+ W.XK.)]>d.AgO


IO .].WB>C. ]<. X.]X F5 @CFeC dW>$A.X+ + C, `C@CFeC dW>$A.X O .W>5g ]<] ]<.
>C].WX.)]>FC  6  :>d.X ]<. ]F]A X.] F5 dW>$A.XO
_O .].WB>C. ]<. X.] F5 )FCX]W>C]X ]<] ,.X)W>$. ]<. XgX].BO
^O .].WB>C. ]<. )`XA X]W`)]`W. :WK< 5FW ]<. XgX].BO @.  :WK< X C >C)>,.C). B]W>f
C, X  $>=KW]>]. :WK<O
9O X. ]<. WC@>C: A:FW>]<B FC ]<. :WK< ]F 6C, FC. FW BFW. )FBKA.]. B])<>C:XO >X]
e<>)< )FCX]W>C]X e.W. `CB])<.,O
7O WFB ]<. `CB])<., )FCX]W>C]X+ ,.].WB>C. ]<. KW>]g W.A]>FCX >C CAg]>) 5FWB*
%# # !  0' # 3 A
F` Bg e>X< ]F `X. ]<.   KWF:WBB. ((% ]F )FK. e>]< ]<. )FBKA.f>]g F5 B])<=
>C: FW 5FW )<.)@>C: gF`W W.X`A]XO   FK.C XF`W). A>).CX. F5 ((% >X d>A$A. 5WFB ]<.
$FF@ <FB.K:.O 

6,- + .#16 .%1#('/ ' #1#(' (  /'/(.


.]  XgX].B $. )FBKFX., F5 ^ >C].W)FCC.)]., )FBKFC.C]X+ %  ' % ' % O )< )FBKFC.C] >X
,.X)W>$., $g FC. )FCX]W>C] ))FW,>C: ]F ]<. XgX].B
% S  , S  0 L7O9ZM
% S  , -S  0 L7O92M
% T # +S , S  0A L7O9DM
<. dW>$A.X S ' S e<>)< )<W)].W>X. ]<. FK.W]>FC F5 )FBKFC.C]X % ' % W. CF] B.=
X`W.,+ FCAg ]<. F`]K`] T F5 )FBKFC.C] % >X @CFeCO
IO We ]<. X]W`)]`W. :WK< F5 ]<. XgX].BO
7OIi f.W)>X.X I2Z

 

 
 

 




 

  

 
 

     
 

+ +1.+ AF)@ ,>:WB F5 X>C:A. f>X X].AA>]. e>]< >CK`] 5WFB ]eF
W.,`C,C] )]`]FWX+ W.,`C,C] B.X`W.B.C]X F5 ]]>]`,. LC:A.M+
B.X`W.B.C] F5 C:`AW W]. C, B.X`W.B.C] F5 ,.A>d.W., )]`]FW
]FWQ`.X

_O >C,  W.,`C,C)g W.A]>FC e<>)< AAFeX ]F ,.].)]  5`A] >C FC. F5 ]<. )FBKFC.C]XO
^O F`A, >] $. eFW]< ]F ,,  5F`W]< )FBKFC.C]+ ]<] eF`A, B.X`W. S  ))FW,>C: ]F
% U  S 
LU >X CFe C .f]W @CFeC dW>$A.+ $`] F5 )F`WX. )FBKFC.C] C   Bg AXF $. 5`A]gMO 

6,- +  /)#%#/ .#1!&1# #.2#1


<. 5FAAFe>C: XK.)>A>X., )FBK`]]>FC )>W)`>] >X )FBKFX., F5 ^ B`A]>KA>.WX   +  C, 
C, ]eF ,,.WX  C,  O

 

   

  

  

 

+ +1+ K.)>A>X., )FBK`]]>FC )>W)`>]

IO W>]. ]<. BF,.A F5 .)< XgX].B )FBKFC.C]O


_O >d. ]<. >C)>,.C). B]W>f F5 ]<. X]W`)]`W. :WK< L,>X]>C:`>X< ]<. @CFeC C, ]<. `C@CFeC
dW>$A.XMO
^O >C, ]<. CAg]>)A W.,`C,)g W.A]>FCX $g .A>B>C]>C: ]<. `C@CFeC dW>$A.XO
9O FW .)< + :>d. ]<. A>X] F5 ]<. )FBKFC.C]X ]<. 5`A]X F5 e<>)< >] >X X.CX>]>d. ]FO
7O X ]<.W. Cg CFC=,.].)]$A. FW CFC=>XFA$A. 5`A]R
I22 7O ]W`)]`WA CAgX>X

[O <] W. ]<. KFXX>$A. ,>:CFX]>)X XXF)>]., e>]< ]<. 5FAAFe>C: B.X`W.B.C]XRO
! # % ( * - .
 L7O7iM
- - + + - 0 -

+)) !$!(-*!$ &(1.


]W`)]`WA )FC).K]X C, $>=KW]>]. :WK<X <d. $..C >C]WF,`)., d.Wg .WAg C, <d. $..C ]<.
X`$?.)] F5 .f].CX>d. W.X.W)< >C ]<. KKA>., B]<.B]>)X )FBB`C>]g '7i(+ '7I(O f>BA
B])<>C:X <d. $..C .f].CX>d.Ag X]`,>., $.)`X. F5 ]<. C`B.WF`X KKA>)]>FCX ]<.g AAFe
]F XFAd.O C A:FW>]<B F5 )FBKA.f>]g 
 ! 5FW 6C,>C: Bf>BA B])<>C:X <X $..C KWF=
KFX., $g '7_(+ e<>A. 'D7( <d. KKA>., C A:FW>]<B F5 )FBKA.f>]g 
.
! ]F $>=KW]>].
:WK<XO f>BA B])<>C:X )C AXF $. 5F`C, 5WFB ]<. XFA`]>FCX ]F ]<. XX>:CB.C] KWF$A.B
'I_i(+ FW 5WFB ]<. Bf>BA 8Fe KWF$A.B '72(+ '7D(O FW ,.]>AX FC ]<. A:FW>]<BX C, BFW.
$>$A>F:WK<>)A CF].X+ W.5.W ]F 'I_(+ '9I(+ '2^(O
]W`)]`WA )FC).K]X <d. $..C `X., >C ]<. [i C, ZiVX 5FW ]<. ,.)FBKFX>]>FC F5 AW:. XgX=
].BX F5 .Q`]>FCX >C d>.e F5 ]<.>W <>.WW)<>)A W.XFA`]>FC '2D(+ '_9I(+ C, 5FW ]<. CAgX>X F5
XgX].B X]W`)]`WA KWFK.W]>.X+ A>@. F$X.Wd$>A>]g C, )FC]WFAA$>A>]g+ e<.W. BFX] eFW@X `X. 
,>:WK< W.KW.X.C]]>FC C, ,,W.XX A>C.W XgX].BX '2_(+ 'I_[(+ 'I_Z(+ 'IZ_(O <.g <d. AXF
$..C .f].C,., ]F ]<. ,.X>:C F5 B`A]>dW>$A. )FC]WFA XgX].BX+ >C)A`,>C: )FCX>,.W]>FCX A>@.
,>X]`W$C). W.?.)]>FC 5FW .fBKA. '_iZ(+ '_I9(+ e>]< C`B.WF`X KKA>)]>FCX >C )<.B>)A .C=
:>C..W>C:+ 'ZZ(+ 'I^i(+ 'IZI( X>C). )FBKA.f AW:. X)A. XgX].BX W. F5].C .C)F`C].W., >C ]<]
6.A,O C >BKFW]C] >XX`. >C ]<] 6.A, >X ]<. XFAd$>A>]g F5 AW:. X)A. ,>55.W.C]>A C, A:.$W>)
.Q`]>FCX XgX].BX+ e<FX. X]W`)]`WA CAgX>X >X ,W.XX., >C 'I_^(+ '_72(O
C ]<. 6.A, F5 5`A] ,>:CFX>X+ X]W`)]`WA )FC).K]X <d. $..C `X., ] ]<. $.:>CC>C: F5 ]<.
DiVX+ 5FW ]<. CAgX>X F5 XgX].B BFC>]FW$>A>]g '9Z(+ '_^9( C, 5FW ]<. ,.X>:C F5 X]W`)]`W.,
W.X>,`AX '2i(+ e<>)< KWFd>,. X]W>:<]5FWeW, ,.)>X>FC KWF).,`W.X 5FW 5`A] >XFA]>FC '97(O 
:FF, ,.X)W>K]>FC )C $. 5F`C, >C '_^^(+ e<>A.  X>:C>6)C] KKA>)]>FC >X ,.X)W>$., >C 'Ii_(O
<. W]>6)>A C].AA>:.C). KKWF)< F5 )`XA>]g >C ,.d>). $.<d>F`W 'IiI(+ e<>)< >X `X.,
>C ]<. ]<.FWg F5 BF,.A=$X., ,>:CFX>X+ >X AXF d.Wg )AFX. ]F ]<. )FC).K] F5 B])<>C: >C $>=
KW]>]. :WK<XO >C). ]<. F$]>C., BF,.AX W. B>CAg `C,.W  :WK<>) 5FWB+ FC,=:WK<>X]X
<d. ,.d.AFK., BCg XK.)>6) ]FFAX 5FW X]W`)]`WA CAgX>XO KKA>)]>FCX ]F 5`A] ,>:CFX>X )C
$. 5F`C, >C '_9Z(O
]W`)]`WA CAgX>X eX AXF 5F`C, `X.5`A ]F )FK. e>]< ]<. )FBKA.f>]g F5 CAgX>X >C )X.X F5
B`A]>KA. 5`A]X 'ID( e<>)< AXF W.KFW]., FC  BW>C. KKA>)]>FC F5 ]<. B.]<F,O C .f].CX>FC
F5 ]<. X]W`)]`WA CAgX>X ]F ,d>X. FC KFXX>$>A>]>.X F5 )]>d. >XFA]>FC eX X`::.X]., >C '_9(O
>CAAg X]W`)]`WA )FC).K]X <d. W.).C]Ag $..C KKA>., ]F ]<. KWF$A.B F5 X.CXFW X.A.)]>FC
'^Z(+ 'I[D(+ C, >C 5`A]=]FA.WC] )FC]WFA+ 5FW ]<. CAgX>X F5 XgX].B W.)FC6:`W$>A>]g 'Z_(+
'_^_(O



 (%  ## 
%((#) "  #+#%#

( "*' "'!-( (!,*! ( *! * ,* **!  (!*!   (*


*! "'!( . * ! ! * (,"'-( "'!(( ( *'  *'
 (* !'  (*!(* ! * ,!,(-' (0(*#  "*' ! ('(
,*( **   ! ( *- ( ( *  ! * "'!((# 
(!,*! ! *( "'!( ( *!   !(* (0(* . ( ("'*
 *.! "'*(  '(,  '*! !,    '(, -,*! !
,# '*,' ** *! ( " *! *   *. *( *.! "'*( .
,(  (*!(* !(#

0+) &1-(41!(&
><R7<U>UM6XL7:( ;>'(:M A>L <:[R7$: ;>'(:MB $><M7MR >/ M(RM >/ '7//(L(<R7: >L
'7//(L(<$( (EUR7><MD 5([ $< ( '('U$(' [ @@:7$R7>< >/ R5( :YM >/ @5[M7$M&
$5(;7MRL[ (R$D R> R5( MU@(LX7M(' <'Q>L $><RL>::(' @L>$(MMD 5( (ZR(L<: XL7:(M
(<R(L7<4 R5(M( (EUR7><M L( $::(' 7<@URMD <( '7MR7<4U7M5(M $><RL>: 7<@URM& Y57$5
L( 9<>Y< <' $< ( ;<7@U:R('& /L>; '7MRUL<$(M Y57$5 $<<>R ( ;<7@U6
:R('D 5( '7MRUL<$(M R5R L( <>R ;(MUL(' L( $::(' U<9<>Y< 7<@URMD (M7'(M&
7;@(L/($R7><M 7< R5( ;>'(: <' ;(MUL(;(<R <>7M( ;[ ( L(@L(M(<R(' [ MR>$5MR7$
@L>$(MM(M A>L M(EU(<$(MB @@(L7<4 M ''7R7><: 7<@URMD 5(< MU$5 L<'>; 7<@UR
7M UM('& ><( M@(9M >UR MR>$5MR7$ ;>'(:M& M >@@>M(' R> '(R(L;7<7MR7$ ;>'(:MD <
R57M $5@R(L& R5( '(M74< >/ /U:R '(R($R7><& 7M>:R7>< <'Q>L (MR7;R7>< M[MR(;M />L
@L>$(MM(M '(M$L7(' [ '(R(L;7<7MR7$ >L MR>$5MR7$ $><R7<U>UM6XL7:( ;>'(:M Y7R5
U<9<>Y< 7<@UR Y7:: ( M>:X('D U$5 M[MR(;M L( ;'( >/ RY> @LRM M :L('[ 7<'76
$R(' 7< 5@R(L ?%  L(M7'U: 4(<(LR7>< ;>'U:( <'  L(M7'U: (X:UR7>< ;>'U:(
A>L '($7M7>< M[MR(;B A74D PD?BD
IDi [O `A] ,>:CFX>X F5 )FC]>C`F`X=dW>$A. XgX].BX


  

  

                 


    


  


         


   
 


    
      
         
  

+ /+'+ ]W`)]`W. F5  5`A] ,>:CFX>X XgX].B

5( L(M7'U:M L( M74<:M R5R& 7< R5( M(<$( >/ /U:RM& '(X7R( /L>; \(L> ><:[ 'U(
R> ;>'(::7<4 U<$(LR7<R7(M& Y7R5 <>;7<: X:U( (7<4 \(L>& >L $:>M( R> \(L> U<'(L
$RU: Y>L97<4 $><'7R7><MD /  /U:R M5>U:' >$$UL& R5( L(M7'U:M '(X7R( /L>; \(L>
Y7R5  ;4<7RU'( MU$5 R5R R5( <(Y $><'7R7>< $< ( '7MR7<4U7M5(' /L>; R5( /U:R /L((
Y>L97<4 ;>'(D 5( L>:( >/ R5( '($7M7>< M[MR(; 7M R> '(R(L;7<( Y5(R5(L R5( L(M7'U:M
'7//(L M74<70$<R:[ /L>; \(L> <'& /L>; R5( @RR(L< >/ \(L> <' <><6\(L> L(M7'U:M&
R> '($7'( Y57$5 L( R5( ;>MR :79(:[ /U:R (//($RM& <' 7< RUL<& Y57$5 $>;@><(<RAMB
$>U:' ( R5( >L747< >/  /U:RD 5(< R5( '74<>MR7$ M[MR(; 7M UM(' 7<  /U:R6R>:(L<R
$><RL>::(L& M '(M$L7(' 7< 5@R(LM ? <' O& '(R7:M 7< R5( '74<>MR7$ RM9 Y7:: '(@(<'
>< R5( R[@( >/ /U:R[ '(X7$( <' >< R5( Y[ R5( /U:R[ $><'7R7>< $>U:' ( RL(R('D
(<M>L /U:RM $< >/R(< ( 5<':(' R5L>U45 (MR7;R7<4 R5( /U:R[ >UR@UR M74<:
UM7<4 < (MR7;R>L M(' >< >R5(L X7::( ;(MUL(;(<RM :(MM R5( ><( 7M>:R(' M
/U:R[D M(LX7:7R[ >/ R5( L('U$(' M[MR(; 7M <RUL::[ L(EU7L(' 7< R57M $M(D >L R57M
R[@( >/ M(<M>L /U:R& R5( '74<>MR7$ M[MR(; <(('M ><:[ R> @(L/>L; /U:R '(R($R7>< <'
7M>:R7>< R> '(R(L;7<( Y57$5 ;(MUL(' M74<:M M5>U:' ( '7ML(4L'('D >L < $RU6
R>L /U:R Y57$5 '>(M <>R $UM(  $>;@:(R( :>MM >/ $>;;<'&  L(;('7: $R7>< $>U:'
( R> ;>'7/[ R5( $><RL>: M74<: R> R5( M(R >/ $RUR>LM [ < 7<$L(;(<R $>;@UR(' 7<
MU$5  Y[ R5R R5( /U:R 7M $>;@(<MR('D < R57M $M(& < (MR7;R( >/ R5( /U:R M74<:
7M <(('('D
5( /U<';(<R: <>R7>< >< Y57$5 L(M7'U: 4(<(LR7>< />L $><R7<U>UM6XL7:( M[M6
R(;M L(MRM 7M <:[R7$: L('U<'<$[D <:[R7$: L('U<'<$[ L(:R7><M L( (EUR7><M
R5R L( '('U$(' /L>; < <:[R7$: ;>'(:& Y57$5 M>:(:[ UM( ;(MUL(' XL7:(M M
7<@URD <:[R7$: L('U<'<$[ L(:R7><M ;UMR ( $><M7MR(<R 7< R5( M(<$( >/  /U:R&
<' $< R5UM ( UM(' />L L(M7'U: 4(<(LR7><D  M7;@:( (Z;@:( 7M 47X(< R> 7<RL>'U$(
R57M <>R7><& (/>L( $><M7'(L7<4 ;>L( />L;: '(X(:>@;(<RM 7< MUM(EU(<R M($R7><MD
[OI C]WF,`)]>FC IDI

6#(" /+' /#2%/ (. 1! /!#) 21()#%(1


FCX>,.W ]<. 5FAAFe>C: KW] F5 ]<. X<>K `]FK>AF] .fBKA. LX.. .)]>FC _O_MO <. ]`WC W]. > 
C, ]<. <.,>C: C:A. E W. W.A]., ]<WF`:<
E L!  > L!A L[OIM
.] `X C.:A.)] ]<. .55.)] F5 ed.X C, XX`B. ]<] ]<. B.X`W.B.C]X )C FCAg $. 55.)]., $g
 $>XO .C). X.CXFW 5`A]X W. W.KW.X.C]., $g ,,>]>d. X>:CAX C, ]<. B.X`W.B.C] .Q`]>FCX
)C $. eW>]].C*
E' L!  E L! # -/ L! L[O_M
>' L!  > L! # -+ L! L[O^M
e<.W. ]<. >C,.f 9 ,.CF].X B.X`W., Q`C]>]>.X+ C, -/ L!+ -+ L! W. ]<. KF].C]>A $>X.XO
>C). BFX] X`K.Wd>X>FC XgX].BX W. >BKA.B.C]., X  XF5]eW.+ FCAg XBKA., ,] W. d>A=
$A.O <.g W. A>C@., ]<WF`:< ]<. 5FAAFe>C: ,>X)W.]. BF,.A ,.,`)., 5WFB L[OIM*
E 4 # !  E 4! # > 4!2 ' L[O9M
e<.W. 2 X]C,X 5FW XBKA>C: K.W>F,O g )FCX>,.W>C: ]<. .Q`]>FC .WWFW+ G+ W.X`A]>C: 5WFB
L[O9M e<.C ]<. dW>$A.X W. X`$X]>]`]., $g ]<.>W B.X`W., dA`.+ ]<. 5FAAFe>C: .fKW.XX>FC >X
F$]>C.,*
G 4!  E' 4! , E' 4 , ! , >' 4 , !2 A L[O7M
<>X Q`C]>]g <X ]<. KWFK.W]>.X .fK.)]., 5FW  W.X>,`AO C,..,+ >C]WF,`)>C: L[O_M+ L[O^M >C]F
L[O7M g>.A,X
G 4!  -/ 4! , -/ 4 , ! , -+ 4 , !2 A
<>X X<FeX ]<]+ >C ]<. $X.C). F5  5`A] LCB.Ag e<.C -/ 4!  -/ 4 , !  -+ 4 , ! 
0M+ G 4! >X h.WFO KFC F))`WW.C). F5  $>X >C ]<. B.X`W.B.C] F5 >  Xg ] ]>B. 4$ + G 4!
]@.X  )FCX]C] CFC=h.WF dA`. 5FW AA 4 % 4$ O >CAAg ]<. KK.WC). F5  $>X FC ]<.
B.X`W.B.C] F5 E ] ]>B. >CX]C] 4$ X<FeX `K X  XK>@. ] ]>B. 4$ + $`] <X CF K.WBC.C]
.55.)] FC GO F]< 5`A]X ]<`X 55.)] G C, ]<>X X>:CA >X h.WF >C ]<. $X.C). F5 5`A]O .C). >]
)C $. CB.,  W.X>,`A X>:CAO FW ,.)>X>FC B@>C:+ >] X`56).X ]F )FBKW. ]<. W.X>,`A ]F 
XK.)>6., ]<W.X<FA,O <. A]].W X<F`A, $. )<FX.C >C X`)<  eg ]<] $>X.X ]<] KK.W ]F $.
X>:C>6)C] 5FW ]<. )FCX>,.W., KKA>)]>FC W. ,.].)].,O
<.C B.X`W.B.C] CF>X. >X X>:C>6)C]+ )FBKW>XFC ]F  X>BKA. ]<W.X<FA, B>:<] CF] $.
KW)]>)$A.+ $.)`X. ]<. )<C:. >C ]<. B.C F5 ]<. W.X>,`A ,`. ]F ]<. 5`A] )C $. <>,,.C $g
]<. .55.)] F5 ]<. CF>X. FC ]<. W.X>,`AO <>X CF>X. C..,X ]F $. ]@.C >C]F ))F`C] X ,.X)W>$.,
>C ]<. 5FAAFe>C: ]eF ,>X)W.]>X., TCF>XgU d.WX>FCX F5 L[O_M+ L[O^M*
E' 4!  E 4! # -/ 4! # Q/ 4! L[O[M
>' 4!  > 4! # -+ 4! # Q+ 4!' L[OZM
e<.W. Q/ 2!' Q+ 2!' 2  ' -' A A A W. B`]`AAg `C)FWW.A]., e<>]. CF>X. X.Q`.C).X e>]< dW>=
C).  Q/ 4!!  / C,  Q+ 4!!  + W.XK.)]>d.AgO
`$X]>]`]>C: L[O[M C, L[OZM >C]F L[O7M g>.A,X*
G 4!  -/ 4! , -/ 4 , ! , -+ 4 , !2 # Q/ 4! , Q/ 4 , ! , Q+ 4 , !2 A
G !' A A A ' G 4!! >X CFe  WC,FB X.Q`.C). e<>)< B`X] $. .dA`]., $g X`>]$A. A:FW>]<BXO
CAg >]X B.C dA`. >X .Q`A ]F h.WF >C ]<. $X.C). F5 5`A]O 

5( '7//(L(<$( >/ RL(R;(<R (RY((< '(R(L;7<7MR7$ <' MR>$5MR7$ ;>'(:M 7M L(6
2($R(' 7< R5( >L4<7MR7>< >/ R5( $5@R(L% ($R7><M PDT R> PD1 '(: Y7R5 R5( 0LMR
$:MM >/ ;>'(:M <' PDO R> PD+& Y7R5 R5( M($><' ><(D <:[R7$: L('U<'<$[ L(:R7><M
ID_ [O `A] ,>:CFX>X F5 )FC]>C`F`X=dW>$A. XgX].BX

AB M(' ><  '(R(L;7<7MR7$ ;>'(: Y(L( :L('[ ''L(MM(' 7< R5( @L(X7>UM $5@6
R(LD RLU$RUL: ;>'(:M Y(L( UM(' />L R5(7L '(R(L;7<R7><D 5( :7<9 Y7R5 R57M $5@R(L
7M R5( >8($R >/ ($R7>< PDT Y(L( R5( @L7<$7@:( >/ R5( '(R(L;7<R7>< >/  /L>; 
'(R(L;7<7MR7$ <><:7<(L MRR(6M@$( ;>'(: 7M @L(M(<R('D (ZR& R5( @LR7$U:L $M( >/
'(R(L;7<7MR7$ :7<(L MRR(6M@$( ;>'(: 7M $><M7'(L(' 7< ($R7>< PDS& <'  $>;@:(R(
:4>L7R5; 7M @L>X7'(' />L R5( '(M74< >/ @L7R[ L(:R7><M A M@($70$ R[@( >/ <:[R76
$: L('U<'<$[ L(:R7><MBD  ;>L( />L;: @L(M(<RR7>< >/ @L7R[ L(:R7><M />L /U:R
'(R($R7><& 7M>:R7>< <' (MR7;R7>< 7M R5(< @L(M(<R(' 7< ($R7>< PD3 /L>;  :7<(L
7<@UR6>UR@UR ;>'(: >/ R5( MU@(LX7M(' @L>$(MMD 5( ;(R5>' >/ ($R7><M PDT R> PD3 M6
MUL(M @(L/($R 7<M(<M7R7X7R[ A>L '($>U@:7<4B >/ R5( L(M7'U:M R> < U<9<>Y< 7<@URD 57M
$< ><:[ ( $57(X(' Y5(< R5( <U;(L >/ U<9<>Y< 7<@UR M74<:M 7M :>Y(L R5< R5(
<U;(L >/ ;(MUL(' >UR@UR M74<:MD 5(< R57M $><'7R7>< '>(M <>R 5>:'& @@L>Z7;R(
'($>U@:7<4 >/ R5( L(M7'U: Y7R5 L(M@($R R> R5( U<9<>Y< 7<@UR $< ( >R7<(' [ <
>@R7;7MR7>< @@L>$5D 57M 7M R5( >8($R7X( >/ ($R7>< PD1D  @L(M(<RR7>< >/ :4>6
L7R5;M 7;(' R '(R($R7<4 $5<4(M 7< R5( ;(< >/  MR>$5MR7$ L<'>; M(EU(<$( 7M
47X(< 7< ($R7>< PDOD 5(M( R>>:M L( UM(' M @LRM >/ R5( M[MR(;M />L /U:R '(R($R7><&
/U:R 7M>:R7>< <' /U:R (MR7;R7>< M(' >< MR>$5MR7$ ;>'(:M R5R L( '(M$L7(' 7<
($R7>< PD+D

0+3 &$81!$ -4&&8 !& &(&$!&- 1-%!&!.1! .8.1%.


;6?62 1'*- ,'81@/

<:[R7$: L('U<'<$[ $< ( M((< M  R>>: />L >R7<7<4 $><'7R7><M& M(' >< X7:6
:( ;(MUL(;(<RM& R5R L( <($(MML7:[ /U:0::(' Y5(< R5( MU@(LX7M(' M[MR(; Y>L9M
7<  M@($70$ >@(LR7<4 ;>'(D < >L'(L R> 7::UMRLR( R5( @L7<$7@:( >/ <:[R7$: L('U<6
'<$[& $><M7'(L '(R(L;7<7MR7$ M[MR(;M '(M$L7(' 7< <>L;: >@(LR7>< [ MRR( <'
;(MUL(;(<R (EUR7><M

9$P%  )$9$P%( 6$P%( $$P%( R( P% APD+B
:$P%  +$9$P%( 6$P%( $$P%( R( P%( APD=B
Y5(L( 9 ) 4 7M R5( MRR( X($R>L& Y57$5 7M <>R X7::(& 6 ) 2 7M R5( $><RL>:
7<@UR X($R>L& $ ) 4 7M < U<$><RL>::(' '(R(L;7<7MR7$ X($R>L A'7MRUL<$(BD R 7M 
@L;(R(L X($R>L Y57$5 7M $><M7'(L(' R> ( 9<>Y<& <' : ) 8 7M R5( ;(MUL(;(<R
X($R>LD (R 2 ( R5( M7RUR7>< $>LL(M@><'7<4 R> <>L;: >@(LR7><& <'   12
M>;( /U:R[ M7RUR7><D 5( />::>Y7<4 :>47$: MRR(;(<RM L( RLU(

2 
9$P%  )$9$P%( 6$P%( $$P%( R( P% 0
:$P%  +$9$P%( 6$P%( $$P%( R( P%

 
9$P% 6 )$9$P%( 6$P%( $$P%( R$P%% 2
:$P% 6 +$9$P%( 6$P%( $$P%( R$P%% E
5( X7>:R7>< >/ (EU:7R[ $><MRL7<RM R5R L(MU:RM /L>; /U:RM ;[ ( '(M$L7(' 7<
RY> Y%
% < R5( 0LMR >@R7><& /U:RM L( MMU;(' R> L(MU:R /L>; @L;(RL7$ XL7R7><M& Y57$5
7M L(@L(M(<R(' M
[O_ CAg]>)A W.,`C,C)g >C CFCA>C.W ,.].WB>C>X]>) XgX].BX ID^

R' $P% 6 R  R' $P%  R ' ( $P%( ( $P% 6 4(


Y5(L( R' $P% MR<'M />L R5( @L;(R(L X($R>L MM>$7R(' Y7R5 R5( /U:R[ M[MR(;D
% < R5( M($><' >@R7><& <> 5[@>R5(M7M 7M ;'( >UR R5( >L747< >/ R5( '7M$L(@<$[&
Y57$5 7M 8UMR L(@L(M(<R(' M < ''7R7X( X($R>L


9$P% 6 )$9$P%( 6$P%( $$P%( R$P%% 2
:$P% 6 +$9$P%( 6$P%( $$P%( R$P%%

'
+ ( K ( ( L 6 $4( 4% 


9$P%  )$9$P%( 6$P%( $$P%( R$P%% ' ( K $P%
 
2 :$P%  +$9$P%( 6$P%( $$P%( R$P%% ' ( L $P% E
< >R5 $M(M& R5( <>L;: <' R5( /U:R[ M[MR(; L( L(@L(M(<R(' UM7<4 M>;( G/U:R
X($R>LG ( $P% Y5(L( <>L;: >@(LR7>< 7M MM>$7R(' Y7R5 ( $P%  4E >MR >/R(<& R5(
@L(:7;7<L[ <:[M7M >/ R5( M[MR(; 5M 7'(<R70('  M(R >/ /U:RM R5R L( :79(:[ R>
>$$UL& <' R5R R5(  M[MR(; R> ( '(M74<(' M5>U:' '(R($R& 7M>:R( <' (MR7;R(D
5(< MU$5 9<>Y:('4( 7M X7::(& 7R L(MU:RM 7< R5( :>47$: MRR(;(<R
4 )  ,  ( $P%  ( , $., ( P% 6 4(
Y5(L( , '(<>R(M R5( 4D+ /U:R M7RUR7><&  #"( 1( 8 8 8 ( ?' $ Y5(L( ?' 7M R5( <U;(L
>/ @>MM7:( /U:R ;>'(M& <' R5( 9<>Y:('4( X7::( >UR ($5 /U:R 7M ;>'(::('
[ R5( @>MM7:( R7;( (X>:UR7>< >/ R5( X($R>L ( Y57$5 '(@(<'M >< M>;( U<9<>Y<
@L;(R(LM ., A/U:R (MR7;R7>< R5(L(/>L( '7L($R:[ L(/(LM R> R5( (MR7;R7>< >/ R5(M(
@L;(R(LMBD

;6?6? /-D=*- 8@//D 8-=*1/9 B*=( /1 @/,/1B/ */3@=9

<RL>'U$7<4 R5( /U:R X($R>L ( $P% 7< R5( MRR( <' ;(MUL(;(<R (EUR7><M& <' M(RR7<4
$$P%  4( />L :: P ><( 4(RM

9$P%  )$9$P%( 6$P%( ( $P%% :$P%  +$9$P%( 6$P%( ( $P%%( APD?]B
Y5(L(& M7<$( R 7M 9<>Y<& R5( '(@(<'(<$[ >/ R5( MRR( <' ;(MUL(;(<R (EUR7><M
>< R5( @L;(R(L 7M <> :><4(L ;'( (Z@:7$7R& <' R7;( 7<XL7<R M[MR(;M L( $><6
M7'(L(' 7< >L'(L R> M5>LR(< R5( <>RR7><MD R RUL<M >UR R5R /L>; APD?]B& 7R 7M @>MM7:(
R> $><MRLU$R 89(A+9& 7D(D EU<R7R7(M Y57$5 $< ( $>;@UR(' 7< L(: R7;( /L>; R5(
X7::( 'R& <' Y5>M( (5X7>UL 7M '7//(L(<R U<'(L R5( '7//(L(<R M7RUR7><M  2
<'  D U$5 L(M7'U:M L( >R7<(' /L>;  RY> MR(@ $><MRLU$R7><%

=3 2 8*A=*1/ 1" =( 1@=3@=96 MMU;7<4 R5R :: /U<$R7><M L( '7//(L(<R7:(

Y7R5 L(M@($R R> R5(7L L4U;(<RM& 7R 7M @>MM7:( R> $><MRLU$R R5( '(L7XR7X( :$P% >/ R5(
>UR@UR M74<: :$P%%
D+ D+ D+ 

:$P%  
$8%9$P% ' 
$8%6$P% ' $8%( $P%
D9 D6 D(

<. XB. XgB$FAX . C, 1 X >C L[O2M+ L[ODM W. `X., $g C $`X. F5 CF]]>FC
ID9 [O `A] ,>:CFX>X F5 )FC]>C`F`X=dW>$A. XgX].BX


(@:$7<4 9$P% [ 7RM X:U(& ><( 4(RM
D+ D+ D+ 

:$P%  $8%)$9$P%( 6$P%( ( $P%% ' 
$8%6$P% ' $8%( $P%
D9 D6 D(
" #
 + $9$P%( 6  " # $P%( ( $P%%(
'
Y5(L( 6 " # $P% 7M  M5>LR <>RR7>< />L 6 ( 6  $P% D R(LR7<4 R57M @L>$(MM U<R7: M>;(
>L'(L >/ '(L7XR7>< J AR> ( '(R(L;7<(' :R(LB& <' MMU;7<4 R5( (Z7MR(<$( >/ ::
L(EU7L(' '(L7XR7X(M& ><( >R7<M
 %
">#
 "># $P% 
> 9$P%( 6
:  "># $P%( ( $P% APD??B

Y57$5 7M  M(R >/ $J ' "% C (EUR7><M 6 >L $><MRL7<RM 6 AR5( '7;(<M7>< >/ :  "># $P%B&
4
Y5(L( R5( '7//(L(<R XL7:(M 5X( R5( />::>Y7<4 '7;(<M7><M% 9 )  ( 6  "># $P% )
">#
">$ #2 ( ( $P% ) ">$ #4 E 5( 9<>Y< XL7:(M L( :  "># <' 6
 "># Y57:( R5(
">#
U<9<>Y< XL7:(M L( 9E ( $P% 5M  @LR7$U:L MRRUM& M7<$( 7R 7M 9<>Y< A(EU: R>
\(L>B Y5(< 2 7M RLU(& Y57:( 7R 7M U<9<>Y< Y5(<  7M RLU(D

6#(" /+2 2''6 #'  '('%#'. /6/1&


<. dW>$A. L >X FB>]]., $.AFeO KKAg>C: ]<. $Fd. KWF).,`W. e>]< I  - ]F ]<. XgX].B
! ( ! (
S  ,S # S # P # -

S ,-S # -
T  S # -
:>d.X
T  ,S # S # P # - # -
T  S , S , P , - # -S - # P # - # - A
L[OIIM >X ]<`X  XgX].B F5 ]<W.. .Q`]>FCX
$ + $ +
T S # - 
T 
 " T )  " ,S # S # P # - # - ) A  L[OI_M
T S , S , P , - # -S - # P # - # -

=3 ? -*.*/=*1/ 1" =( 9==6 MMU;( R5R $J ' "% C 2 ? <' R5(
$>7<
9
 "#
99 7M >/ L<9 ?D >R( R5R R5( 0LMR $><'7R7>< 47X(M  :>Y(L >U<' >< R5( >L'(L
>/ '(L7XR7>< R5R 7M <($(MML[ 7< (MR:7M57<4 APD??BD R />::>YM R5R APD??B $< (
'($>;@>M(' 7<R>
 & $ 
">#
% +
">#
 2 $P%
:
2 >  "># $P%( ( $P%
9$P%( 6
"># 4" 
">#
% )4 APD?SB
 42 $P%
: >

42  "># $P%( ( $P%
9$P%( 6

Y5(L( R5( 0LMR MUM[MR(; 7M >/ '7;(<M7>< ? <' ::>YM R> $>;@UR( W$P% AR :(MR
:>$::[B M  /U<$R7>< >/ R5( >R5(L XL7:(M
[O_ CAg]>)A W.,`C,C)g >C CFCA>C.W ,.].WB>C>X]>) XgX].BX ID7

">#
9$P%  F$
:2">#
 "># $P%( (
$P%( 6 $P%%
AR57M L(MU:RM /L>; R5( 7;@:7$7R /U<$R7>< R5(>L(;BD (@:$7<4 9$P% [ 7RM X:U( 7< R5(
M($><' MUM[MR(;& Y57$5 7M >/ '7;(<M7>< $J ' "% C 4 ?( ><( >R7<M  M[MR(; R5R
7M (EU7X:(<R R> APD??B
">#
9$P%  F$
:2">#
 "># $P%( ( $P%%
$P%( 6 APD?3B
">#
4  2$  "># $P%( ( $P%%(
: "># $P%( 6 APD?1B
Y5(L(
">#
 "># $P%( ( $P%%
: "># $P%( 6
2$
"># ">#
">#
 42
: >
$P% 4
42 $F$  "># $P%( (
: >2 $P%%( 6  "># $P%( (
$P%%( 6 $P%%E
5( M(R >/ $><MRL7<RM APD?1B 7M M((< R> $><R7< ><:[ 7<@URM& >UR@URM <' /U:R M74<:M
A:><4 Y7R5 R5(7L '(L7XR7X(MBD R 7M $::(' < <:[R7$: L('U<'<$[ L(:R7><M AB
">#
MM>$7R(' Y7R5 R5( @7L $)( +% <' 2$  "># ( ( % 7M $::(' R5( L(M7'U: X($R>LD
: "># ( 6

#,! /+' #'$ 1( /1.212.% )).(!


 X]W`)]`WA )FC,>]>FC 5FW  ]F .f>X] >X ]<] L[OIIM >X Fd.W)FCX]W>C., e>]< W.XK.)] ]F ]<.
`C@CFeCX / L! >O.O ]<.W. >X  B])<>C: e<>)< >X )FBKA.]. e>]< W.XK.)] ]F / L!O .)FBKFX=
>C: ]<. X.] F5 )FCX]W>C]X L[OIIM >C]F B])<., L>C,.f 9M C, CFC=B])<., FC.X L>C,.f ;9M
g>.A,X L[OI^M+ e<.W. ]<. B])<., X`$XgX].B <X ; )FCX]W>C]X e<>A. ]<. CFC=B])<., X`$=
XgX].B <X F # ! ? , ; )FCX]W>C]XO WFB ]<. >C].WKW.]]>FC F5 B])<>C:X >C ]<. KW.d>F`X
)<K].W+
 / L! >X )FBK`]., >C % ]<. B])<., X`$XgX].B+ X  5`C)]>FC F5 ]<. F]<.W dW>$A.X
0
B 0 '  0 L!' 
 0 L!' , L! C, W.KA)>C: / L! $g >]X dA`. >C ]<. CFC=B])<., X`$XgX].B
:>d.X ]<. W.,`C,C)g W.A]>FCXO 

6#(" /+2 )&$0+* 2''6 #'  '('%#'. /6/1&


].K _ >X CFe KKA>., ]F L[OI_MO <. X]]. S ' S ! )C $. )FBK`]., 5WFB ]<. 6WX] ]eF
.Q`]>FCX F5 L[OI_M A.,>C: ]F ]<. .Q`>dA.C] XgX].B
S  T,
/-
S  0 T # T , - , P , - , - '
0  T , T # - #  T # T , - , P , - , -% # P # AAA L[OI[M
/
AAA # - # - T # T , - , P , - , - - , P , - , - '

e<.W. ]<. ]<>W, .Q`]>FC >X X..C ]F ,.K.C, FCAg FC ]<. d>A$A. >CK`]X C, F`]K`]X C, FC ]<.
5`A]XO 
ID[ [O `A] ,>:CFX>X F5 )FC]>C`F`X=dW>$A. XgX].BX

;6?6> /,/1B/ */3@=9 C= 1@3-*/'

5(< U<9<>Y< 7<@URM L( @L(M(<R&  MRR(6M@$( ;>'(: >/ R5( M[MR(; R9(M R5( />L; 

9$P%  )$9$P%( 6$P%( $$P%( ( $P%% APD?OB
:$P%  +$9$P%( 6$P%( $$P%( ( $P%%E
@@:[7<4 R5( M;( R($5<7EU( M >X( :('M R>
 %
 "># $P% 
> 9$P%( 6
:  "># $P%( ( "># $P% E
 "># $P%( $ APD?+B

<'(L R5( $><'7R7>< R5R $J ' "% C 2 ? ' $J ' "% ?# <' R5(
$>7<
 
9
 "# 9
 "#
99  
9$

7M >/ L<9 ? ' $J ' "% ?# >R5 R5( MRR( <' R5( U<9<>Y< 7<@URM $< ( (:7;7<R('&
:('7<4 R> R5( (EU7X:(<R M[MR(;
 &  ">#
&
">#
9$P% FK $  "># $P%( ( $P%%
: 2 $P%( 6
 APD?=B
 "># $P%
$ F# $
"># ">#
 "># $P%( ( $P%%
: 2 $P%( 6
">#
4  2$  "># $P%( ( $P%%(
: "># $P%( 6 APDT]B
Y5(L( APDT]B L( R5( <:[R7$: L('U<'<$[ L(:R7><M& Y57$5 L( 7<'(@(<'(<R >/ R5(
U<9<>Y< 7<@URM& 5(<$( R5( <;( G(Z$R '($>U@:7<4G Y57$5 7M 47X(< R> R57M @@L>$5D
>R( R5R (Z$R '($>U@:7<4 7M @>MM7:( ><:[ 7/ R5( MRLU$RUL: 4L@5 >/ M[MR(; APD?+B
7M >X(L$><MRL7<(' Y7R5 L(M@($R R> >R5 R5( U<9<>Y<M 9 <' $  "># E

;6?6& 1B =1 #/ /-D=*- 8@//D 8-=*1/9

5(L( L( M(X(L: @L>$('UL(M [ Y57$5  $< ( />U<'D 5([ :: L(MR >< R5( (:7;6
7<R7>< >/ 9$P% A<' $  "># $P% Y5(< U<9<>Y< 7<@URM L( @L(M(<RB& (7R5(L [ MRLR7<4
Y7R5 APD+B <' APD=B >L [ (MR:7M57<4 0LMR APD??BD
:7;7<R7>< @L>$('UL(M 0R R5( <RUL( >/ R5( /U<$R7><M ) <' +D 5(< :: /U<$R7><M
L( :7<(L& @L>8($R7>< @@L>$5(M L( Y(:: MU7R('% R57M 7M R5( @L7R[ M@$( @@L>$5
Y57$5 Y7:: ( '(M$L7(' 7< ($R7>< PDSD >MR >/R(<& <><:7<(L ;>'(:M 7<X>:X( @>:[6
<>;7: /U<$R7><M A($UM( @>:[<>;7:M $< @@L>Z7;R( <[ M;>>R5 <><:7<(L /U<6
R7><BD 5(L( L(& M7$::[& R5L(( (:7;7<R7>< R($5<7EU(M />L @>:[<>;7: /U<$R7><MD
:: R5L(( L(EU7L( R5( $>;@><(<RM >/ R5( MRR( R> ( (:7;7<R(' $$>L'7<4 R> M>;(
M(:($R(' >L'(LD +(,(->(/- >&/8F L(MRM >< U$:7'(< '7X7M7>< <' '(L7XR7><D 80'
-8 99 UM(M U$:7'(< '7X7M7>< <' R5( $>;@URR7>< >/ M> $::(' 6@>:[<>;7:MD
&8>8(9>( 9>9 A:M> $::(' 7RRKM :4>L7R5;B L(MR >< U$:7'(< '7X7M7>< <'
'(L7XR7><D 5( MRR( 7M '7L($R:[ (:7;7<R(' /L>; R5( M[MR(; APD+B APD=B& <' 
Y7R5 ;7<7;U; '(L7XR7X( >L'(L $< ( >R7<('D
:>C ]<. XB. 5`C)]>FCX . C, 1 X $Fd. W. `X., $g C $`X. F5 CF]]>FCO
[O_ CAg]>)A W.,`C,C)g >C CFCA>C.W ,.].WB>C>X]>) XgX].BX IDZ

;6?6$ )9 *'/19*9

@-= ==*1/6 < R5( M(<$( >/ U<9<>Y< 7<@URM& >L Y5(< (Z$R '($>U@:7<4 7M
@>MM7:(& R5( />::>Y7<4 :>47$: MRR(;(<RM 5>:'
">#
$-E"4%  $-E"%( $-E"%  2$  "># $P%( ( $P%%  4
: "># $P%( 6
"># APDT?B
$-E",%  $-E" %  2$  "># $P%( ( $P%%  4
: "># $P%( 6
L>; APDT?B 7R />::>YM R5R 7< >R5 $M(M <($(MML[ $><'7R7><M />L <>L;: M[MR(;
>@(LR7>< L( 47X(< [
: "># $P%( 6
2  2$  "># $P%( 4%  4
5(L(/>L(& /U:R '(R($R7>< 7;;('7R(:[ />::>YM /L>;
: "># $P%( 6
2$  "># $P%( 4% 
6 4  E

#,! /+2 (' 11% 2%1/


F]. ]<] ( 0  0 L!' , 0 L!' 0!  0 ,F.X CF] >BKAg $ X>C). ]<. )FC,>]>FC .fKW.XX., $g
]<. CAg]>)A W.,`C,C)g W.A]>FC >X FCAg C.).XXWgO C 5)]+ ( 0  0 L!' ,
 0 L!' 0!  0 >X
]F $. W.,* $ >X CF] 5AX>6., $g ]<. F$X.Wd]>FCX+ FW >C F]<.W ].WBX S>] >X CF] >BKFXX>=
$A. ]<] ]<. XgX].B >X <.A]<gSO C 5)]+ XK.)>A 5`A] dA`.X ]<] W. CF] ,.].)]$A. ]<WF`:<
CAg]>)A W.,`C,C)g )F`A, .f>X]O <.g )FWW.XKFC, ]F CFCh.WF dA`.X F5  L! ]<] g>.A,
0
( 0  0 L!' 
 0 L!' , L!!  0O 

6#(" /+2 )&$0+* 2''6 #'  '('%#'. /6/1&


<. W.,`C,C)g W.A]>FC >C L[OI[M eW>].X
T # T # T , P , P
/ %
 - , - T # T , - , P , - , - - # - # - # - # - A

<.W.5FW.+ ]<. W.X>,`A >X


'
G T  ' P
  ' 0  T # T # T , P , P
C, ]<. 5`A] ,.].)]>FC W`A. >X
T # T # T , P , P . 0   A 

@-= *91-=*1/6 U:R 7M>:R7>< 7M @@L>$5(' 7<  M7;7:L Y[& [ R5( '(M74< >/
M>6$::(' MRLU$RUL(' L(M7'U:MD MMU;( 7R 7M @>MM7:( R> M(@LR( R5( M(R >/ /U:RM
7<R> RY> MUM(RM <' . MU$5 R5R  @ . D (R
 %
( $P%  (  $P% (  $P% (

Y5(L( ><:[ (  $P% A(  $P%B 7M <><\(L> U@>< >$$ULL(<$( >/  /U:R 7< A . BD / R5(
M(R >/ L(M7'U:M $< :M> ( M(@LR(' 7< RY> MUM(RM
ID2 [O `A] ,>:CFX>X F5 )FC]>C`F`X=dW>$A. XgX].BX

 &
2 $ "A# $P%( /"A# $P%%
Y "A# $P%( T
2$
Y "A#
$P%( T
 "A#
$P%( /"A# $P%%  ( APDTTB
"A# $P%( /"A# $P%%
Y "A# $P%( T
2 . $
M> R5R AB 2 7M 7<M(<M7R7X( R> /U:RM 7< . UR M(<M7R7X( R> /U:RM 7< Y57:( AB 2 .
7M 7<M(<M7R7X( R> /U:RM 7< UR M(<M7R7X( R> /U:RM 7< . & R5(<& M M5>Y< (:>Y& 7R 7M
@>MM7:( R> '7MR7<4U7M5 (RY((< R5( >$$ULL(<$( >/  /U:R /L>; R5( $:MM >L . D 5(
:>47$: (Z@L(MM7><M $>LL(M@><'7<4 R> R5(M( MMU;@R7><M L(

A4 )  (  $P%  ( , $., ( P%  4 2 $ "A# $P%( /"A# $P%%  4
Y "A# $P%( T
$"% 
+4 ) .  (  $P%  ( , $., ( P% 6 4 2 . $ "A# $P%( /"A# $P%% 6 4
Y "A# $P%( T

+4 )  (  $P%  ( , $., ( P% 6 4 2 $ "A# $P%( /"A# $P%% 6 4
Y "A# $P%( T
$$% 
A4 ) .  ( $P%  ( $., ( P%  4
 , 2 . $ "A#
Y $P%( T "A# $P%( /"A# $P%%  4E
5(L( L( />UL @>MM7:( M7RUR7><M A:>47$: ] ;(<M 2  4 Y57:( :>47$: ? ;(<M
2 6 4 B <' R5( />::>Y7<4 $><$:UM7><M L( RLU(D

2 2. ><$:UM7><
] ] 2 7M <>R /:M70(' A<> /U:R 7M '(R($R('B
] ? 2 7M /:M70(' [  /U:R 4 ) .
? ] 2 7M /:M70(' [  /U:R 4 )
? ? 2 7M /:M70(' [  /U:R 4 ) <'  /U:R 6 ) .

5(L(/>L(& U<'(L APDTTB& 7R 7M @>MM7:( R> 7M>:R(  /U:R Y7R57< R5( MUM(R >L
Y7R57< R5( MUM(R . D [ '(M74<7<4 M(X(L: @LR7R7><M >/ R5( M(R >/ /U:RM 7<R> RY>
$:MM(M 7R 7M >X7>UM:[ @>MM7:( R> 7M>:R( /U:RM Y7R57< M;::(L MUM(RM R5R L(MU:R
/L>; R5( 7<R(LM($R7><M >/ :: R5(M( @LR7R7><MD

#,! /+1 (' #/(%% 2%1/


CAg  A>B>]., C`B$.W F5 KW]>]>FCX >C]F ]eF )AXX.X .C?Fg>C: KWFK.W]g L[O__M )C $. F$]>C.,
5FW  :>d.C XgX].BO <.W.5FW.+ >] Bg <KK.C ]<] e<].d.W ]<. KW]>]>FC X`)< ]<] L[O__M
<FA,X+ ]eF :>d.C 5`A]X+ Xg 2 C, 3 W. AegX >C ]<. XB. )AXXO <.X. 5`A]X AegX <d. ]<.
XB. .55.)] FC ]<. CAg]>)A W.,`C,C)g W.A]>FCX+ C, ]<.W.5FW. ]<.g W. CF] >XFA$A. 5WFB
.)< F]<.W+ e<>)< B.CX ]<] .d.Wg  )FC)A`X>FC e>AA )FC]>C S]<. 5`A] >X .>]<.W 2 FW 3 LFW
$F]<MSO 

6#(" /+1 4("1'$ /6/1&


C fBKA. 7O9i+ ]<. X.] F5 )FCX]W>C]X XXF)>]., e>]< ]<. ]eF=]C@ XgX].B )FBKFC.C]X eWF].

`BK* F  PA- 1 !
C@ I* 1   

F , F , F  !
C@ _* 1   F , F !
 2
>K. $.]e..C ]C@X L1 0 1 !* F   4  1 , 1
2
`]K`] K>K.* F 4 1
`]8Fe B.X`W.B.C]* F'  4' AF O
[O^ CAg]>)A W.,`C,C)g W.A]>FCX 5FW A>C.W ,.].WB>C>X]>) XgX].BX 3 ]>B. ,FB>C IDD

<. X]].=XK). .Q`]>FCX W.


! (  % 2 &
1  ,  1 , 1 # " 

AP , 
AF

1  2 2 L[O_^M
%

1 , 1 , % 1
C, ]<. B.X`W.B.C] .Q`]>FC >X
/
F'  4 ' 4 1 A L[O_9M
.W>d]>C: FC). ]<. F`]K`] :>d.X
F'  4' 4 1 !4 1 L[O_7M
 %
4 / 4 /
F'  4' 4 1 !4 1 , 1 , 1 A
 
WFB L[O_9M C, L[O_7M ]<. ]eF X]].X 1 C, 1 )C $. )FBK`].,
 %
F'
1  L[O_[M
4' 4
'
1  F'  #  # F' ! A
.W>d]>C: FC). :>C :>d.X
2 '
1 , 1 !4 1 1  , 1 , 1 !4 1 1 , 1 !4
F'  '
1
e<.W. W.KA)>C: 1 ' 1 ' 1  ' 1 $g ]<.>W dA`.X ]@.C 5WFB L[O_[M+ L[O_^M C, L[O_9M 3 L[O_7M
:>d.X ]<. W.,`C,C)g W.A]>FC
G F' ' F' ' F' ' P' F !
/
 1 1 , 1 !4 F' , 1  # 1 # 1 ! 1 1 , 1 !  0 L[O_ZM
C, ]<. A.@:. ,.].)]>FC W`A.
G F' ' F' ' F' ' P' 0! . 0  F . 0A

0+2 &$81!$ -4&&8 -$1!(&. (- $!&- 1-%!&!.1!


.8.1%.  1!% (%!&

(R UM $><M7'(L R5( />::>Y7<4 $><R7<U>UM6R7;( MRR(6M@$( ;>'(:



9$P%  9$P% ' 6$P% '  K $$P% '  K ( $P%( 9$4%  92 ( APDT+B
:$P%  9$P% ' 6$P% '  L $$P% '  L ( $P%(
Y5(L( 9 ) 4 '(<>R(M R5( MRR( X($R>L& 6 ) 2 & 7M R5( X($R>L >/ ;(MUL(' 7<@UR
M74<:M& : ) 8 7M R5( X($R>L >/ ;(MUL(' @:<R >UR@UR M74<:M& $ ) 4 <'
( ) 4 L( X($R>LM >/ U<9<>Y< 7<@UR M74<:MD ( L(@L(M(<RM R5( /U:RM ><( Y7M5(M
R> '(R($R& Y57:( $ L( U<9<>Y< '7MRUL<$(M R5R M5>U:' <>R ( '(R($R('D
5( 7; 7M R> M>:X( R5( />::>Y7<4 @L>:(;D
_ii [O `A] ,>:CFX>X F5 )FC]>C`F`X=dW>$A. XgX].BX

81-. ;62 49*'/ 1" -*/8 /-D=*- 8@//D 8-=*1/95


(C-  ,/+ / >& 9A28C(9 28/99 / >& /8, 3<5@4 >8,(- ( 2/99(+ 
9> / +(-8 8+>(/-9 >D- >& ,9A8 (-2A>9 - /A>2A>9 - >&(8 8(C>(C9
A2 >/  8>(- /88 9F J 9A& >&>
% (- >& 9- / A+>
>
3 >
3
 L", : ",# $P% '  H", 6",# $P%  4(
, ,

D&8 ; $P% -/>9 >& 4D+ 8(C>(C / ;$P% -  L",   H", 8 ?? 5 C
",#

- ?? 5 = ,>8(9 / 8+ +,->9 ?? (-% >& -A,8 / 8+>(/-9 3>/ 


>8,(-4
% (- >& 289- /  A+>
>
3 >
3
 L", : ",# $P% '  H", 6",# $P% 6 4E
, ,

A& 8+>(/-9 8  28>(A+8 *(- / -+F>(+ 8A--F 8+>(/-9 ++


28(>F 8+>(/-95
< >L'(L R> M>:X( R57M @L>:(;& :(R UM $><M7'(L R5( MU$$(MM7X( R7;( '(L7XR7X(M >/ :
U@ R> >L'(L J%
:$P%  9$P% ' 6$P% '  L $$P% '  L ( $P%

:$P%  
 9$P%
APDT=B
 9$P% ' 6$P% '  6$P% '  K $$P%
' L $$P% '  K ( $P% '  L ( $P%(



Y5(L( R5( :MR (EU:7R[ 7M '('U$(' [ MUMR7RUR7>< >/ APDT+B />L 9$P%D [ 7R(LR7<4
R57M @L>$(MM& R5( />::>Y7<4 (Z@L(MM7>< />L R5( J D+ '(L7XR7X( >/ : 7M >R7<('%
: "># $P%  > 9$P% ' "> # 6$P% ' E E E ' 6"> # $P% ' 6"># $P% '
' "> #  K $$P% ' E E E '  K $"> # $P% '  L $"># $P% '
' "> #  K ( $P% ' E E E '  K ( "> # $P% '  L ( "># $P%E APDS]B
5( >X( M(R >/ (EUR7><M $< ( $><$R(<R(' 7<R> R5( (Z@L(MM7><

 "># $P%  9$P% '  H"> 6


:  "># $P% '  '"> ( "># (
 "># $P% '  #"> $ APDS?B
'
Y5(L( Y"># $P%  :$P% :$P%
  E E E : "># $P% & <' 6  "># $P%& ( "># $P% 5X(  M7;6
 "># $P%& $
7:L />L; Y7R5 6$P%& $$P% <' ( $P% MUMR7RUR(' />L :$P%&
$ + $ +
  4 4 EEE 4
# * # *
#  * #   4 EEE 4 *
# # DD
*
* (  H">  #
# DD DD DD
*
*
" D ) " D D D )
> >
   E E E E E E  
[O^ CAg]>)A W.,`C,C)g W.A]>FCX 5FW A>C.W ,.].WB>C>X]>) XgX].BX 3 ]>B. ,FB>C _iI

<'  M7;7:L '(0<7R7>< 5>:'M />L R5( :>$9 >(@:7R\ ;RL7$(M  #"> (  '"> Y7R5 L(6
M@($R7X(:[  L <'  K >L  L <'  K MUMR7RUR(' />L  <' D
/ R5(L( (Z7MRM  X:U( >/ J MU$5 R5R
 %
)  #"> ; $J ' "%C(

R5( :(/R <U::M@$( >/ $  #"> % 7M <>R (;@R[D


 5( '7;(<M7><
% >/ R57M MUM@$(& M[
?? & 7M 47X(< M ??  $J ' "%C 4 )  #"> D (R  (  ?? 5 $J ' "%C
;RL7Z >/ Y57$5 ($5 L>Y 7M  M7M X($R>L />L R57M MUM@$(D U:R7@:[7<4 APDS?B ><
R5( :(/R [  L(MU:RM 7< R5( />::>Y7<4 (EU:7R[
">#
:  "># $P%    '"> ( $P%(
 "># $P% 4   H"> 6 APDSTB

M7<$(  5M ((< M@($70$::[ $>;@UR(' R> (:7;7<R( R5( R(L;M 7< 9$P% <' $ $P%D  ">#
EUR7>< APDSTB '(M$L7(M ?? <:[R7$: L('U<'<$[ L(:R7><MD <'(('& 7< R5( M(<$(
>/ /U:R& R5( L745R 5<' M7'( 7M (EU: R> \(L>& <' 7R 7M <>L;::[ '7//(L(<R /L>; \(L> 7<
R5( @L(M(<$( >/  /U:RD
< >L'(L R> 7;@:(;(<R MU$5 L(:R7><M& <' R5UM R> $>;@UR( R5( EU<R7R[
 "># $P% 4   H"> 6
2$P%   :  "># $P%( APDSSB
7R 7M <($(MML[ R> (X:UR( R5( '(L7XR7X(M R5R @@(L 7< R5( >X( L(:R7><D U$5 M746
<:M L( 5745:[ M(<M7R7X( R> <>7M(& M> R5R 0:R(L(' (MR7;R(M >/ R5( '(L7XR7X(M 5X( R>
( UM('D <( @@L>$5 7M R> L(M>LR R>  M>6$::(' MRR( XL7:( 0:R(L& Y57$5 ;>U<RM
R> 7;@:(;(<R7<4 R5( M$5(;( >/ 74D PDTD U$5  0:R(L 7M UM(' />L ($5 $>;@><(<R >/
:$P% <' 6$P%D (RR7<4 Z$P% '(<>R( R5( 7<@UR >/ MU$5  0:R(L& R5( 4D+ 7<R(4LR>L >UR@UR
",#
@L>X7'(M R5( 4D+ 0:R(L(' '(L7XR7X( >/ Z& Z' D 57M 0:R(L $>LL(M@><'M R> R5( <:>4
M7;U:R7>< >/ R5( >M(LX7:7R[ $<><7$: MRR(6M@$( L(@L(M(<RR7>< />L R5( L(:R7><
"
Z' $M%  Z$M%E
M> '" M"> # ' E E E ' ">
[ R97<4 R57M 0:R(L 7<R> $$>U<R& APDSSB $< ( L(YL7RR(< 7< R5( /L(EU(<$[ '>;7< M
2 ' $M%  $ L $M%:$M% '  H $M%6$M%%OC' $M%( APDS3B
Y5(L(
>
3
 L $M%   , M,
,2

Y7R5  , & R5( ;RL7Z ;'( >/ $>:U;<M 4 C ' " R> $4 ' "%C >/  &  H $M% 7M '(0<('
M7;7:L:[ Y7R5   H"> MUMR7RUR(' />L  <'
C' $M%  M> ' " M"> # ' E E E ' "> E
($R>L 2 7M $::('  @L7R[ X($R>LD R 5M 4(<(L::[ '7//(L(<R '7L($R7><M <' ;4<76
RU'(M 7< R5( @L(M(<$( >/ R5( '7//(L(<R /U:R ;>'(MD 5( ?? '7;(<M7><: M@$( >/ ::
MU$5 X($R>LM 7M $::(' R5( @L7R[ M@$(& <' <[ :7<(L $>;7<R7>< >/ R5( L>YM >/
APDSSB 7M $::('  @L7R[ L(:R7><D
_i_ [O `A] ,>:CFX>X F5 )FC]>C`F`X=dW>$A. XgX].BX

  
 
       
  

 

 

 

+ /+2+ AF)@ ,>:WB F5  ]<>W,=FW,.W X]]. dW>$A. 6A].W

5( @L>$('UL( />L '(M74<7<4 <' 7;@:(;(<R7<4 @L7R[ L(:R7><M 7M <>Y MU;6
;L7M('D

-'18*=(. ;62 8(>F 8+>(/-9 /8 >8,(-(9>( +(-8 9F9>,9

*A/  :7<(L MRR(6M@$( ;>'(: >/ R5( />L; APDT+B <'  MU7R6
:( >L'(L >/ '(L7XR7>< J
1.3@= 1"")-*/ ?D RL7$(M (  #"> (  H">
TD  M7M  />L R5( :(/R <U:: M@$( >/ $  #"> %
SD RR( M@$( 0:R(LM />L R5( (MR7;R7>< >/ R5( '(L7XR7X(M >/
: <' 6 U@ R> >L'(L JD
= (
=*. */9=/=
?D $EU7L( R5( <(Y 'R :$P%& 6$P%D
TD >;@UR( 2 ' $P% /L>; APDS3BD
9@-=  L(M7'U: X($R>L 2 ' $P% />L < 7<$L(M7<4 R7;( 5>L7\><D
< :R(L<R7X( @@L>$5 R> '(R(L;7<( <:[R7$: L('U<'<$[ L(:R7><M $< ( '(6
'U$(' /L>; R5( 7<@UR6>UR@UR ;>'(: >/ R5( MU@(LX7M(' @L>$(MM& <;(:[ 7< R5( /L(6
EU(<$[ '>;7<D R '7L($R:[ L(MU:RM 7< L(:R7><M 7<X>:X7<4 R5( 0:R(L(' '(L7XR7X(M >/
R5( ;(MUL(' M74<:MD [ (ZR(<M7>< R57M ;(R5>' 7M $::(' R5( A4(<(L:7M('B @L7R[
M@$( @@L>$5D R 7M R5( >8($R >/ R5( <(ZR M($R7><D U:R 7M>:R7>< $< ( 5<':(' 7<
R5( :7<(L $M( 7<  M7;7:L Y[ M />L R5( <><:7<(L $M(D 5( '(R7:(' RL(R;(<R >/
R57M 7MMU( 7M '(/(LL(' R> ($R7>< PD3DSD
6#(" /+ .#16 .%1#('/ (. 1! /!#)
 A>C.W>X., BF,.A F5 ]<. X<>K .fBKA. )C $. eW>]].C X
! ( ! (! ( ! ( ! (
>  #, 0 > # 0
 # )# >: L[O^7M
E  0 E 0 
! ( ! (! ( ! (! ( ! (
>'  0 >  0 -+ 
 # # >: ' L[O^[M
E' 0  E 0  -/ 0
[O9 CAg]>)AW.,`C,C)gW.A]>FCX5FWA>C.W,.].WB>C>X]>)XgX].BX _i^

e<.C A>C.W>X]>FC WF`C, >  0 >X )FCX>,.W.,O .W. )+ ]<. W`,,.W C:A.+ >X  @CFeC >CK`]+
e<>A. >: + ]<. ed. ,>X]`W$C).+ >X C `C@CFeC >CK`]O
]W>:<]5FWeW, )FBK`]]>FCX g>.A, ]<. 5FAAFe>C: .fKW.XX>FC 5FW L[O^IM e>]< F  *
$ + $ + $ +
>'  0 ! ( 0 0 ! (
# E' * # 0  * > # 0 0 *
# * # * 
## * )
" > ' )  " #, 0 ) E " # 0 ) )
E '  0 0 0
$ + $ +$ +
 0 ! (  0 0 0 -+
# 0 0 * > # 0  0 0 * # -/ *
## * ## *# * L[O^ZM
:
" 0  ) > : " 0 0  0 ) " -+ )
 0 0 0 0  -/
<. $AF)@ B]W>f   ! ]@.X ]<. 5FWB*
$ +
 0  0
# 0  0 0 *
  !  #
" #,
*A
0 0  )
 0  0
 $X>X d.)]FW 5FW ]<. FC.=,>B.CX>FCA A.5] C`AAXK). F5 ]<>X B]W>f )C $. eW>]].C
'
   0 0 , A
fKW.XX>FC L[O^_M ]<.C g>.A,X
>' , E '  -+ , -/ A
.C).  W.X>,`A )C $. )FBK`]., ))FW,>C: X*
G I!  >' I! , IE' I!!K I # !!' L[O^2M
e<.W. ! >X  ,.X>:C KWB.].W ]F $. ,?`X]., ))FW,>C: ]F ]<. CF>X. A.d.AO <>X .fKW.XX>FC >X
 KW]>)`A] )X. F5 ]<. BFW. :.C.WA 5FWB L[O7_M 5FW  W.X>,`A 5FW ]<. X<>K .fBKA.O `W]<.W
,>X)`XX>FC F5 ]<. KWFKFX., W.X>,`A >X KWFd>,., >C .)]>FC [O9O 

0+ &$81!$ -4&&8 -$1!(&. (- $!&- 1-%!&!.1!


.8.1%.  -,4&8 (%!&

< R57M M($R7><& R5( @L>:(;M >/ /U:R '(R($R7><& /U:R 7M>:R7>< <' /U:R (MR7;R7><
L( M>:X(' UM7<4 R5( @L7R[ M@$( @@L>$5 R> L(M7'U: 4(<(LR7><& /L>; < 7<@UR6
>UR@UR ;>'(: >/ R5( MU@(LX7M(' M[MR(;D < :R(L<R7X( ;(R5>' Y>U:' ( R> '(M74<
>M(LX(L6M(' L(M7'U: 4(<(LR>LM& Y57$5 [7(:'M M7;7:L 0:R(LM& M 7<'7$R(' 7< R5(
7:7>4L@57$: <>R(MD 5( >M(LX(L6M(' @@L>$5 Y7:: ( UM(' 7< R5( M($R7>< ><
'74<>M7M M[MR(;M '(M74< /L>;  MR>$5MR7$ ;>'(:& M> R5R R5( L('(L Y7:: ( $6
EU7<R(' Y7R5 >R5 ;(R5>'MD
_i9 [O `A] ,>:CFX>X F5 )FC]>C`F`X=dW>$A. XgX].BX

;6&62 @-= ==*1/

><M7'(L 47<  M[MR(; '(M$L7(' [  :7<(L $><R7<U>UM6R7;( MRR(6M@$( ;>'(: >/


R5( />L;

9$P%  9$P% ' 6$P% '  K $$P% '  K ( $P%( 9$4%  92
:$P%  9$P% ' 6$P% '  L $$P% '  L ( $P%( APDS=B
4 2
Y5(L( 9 )  '(<>R(M R5( MRR( X($R>L& 6 )  & 7M R5( X($R>L >/ ;(MUL(' 7<@UR
M74<:M& : ) 8 7M R5( X($R>L >/ ;(MUL(' @:<R >UR@UR M74<:M& $ ) 4 <'
( ) 4 L( X($R>LM >/ U<9<>Y< 7<@UR M74<:MD ( L(@L(M(<RM R5( /U:RM ><( Y7M5(M
R> '(R($R& Y57:( $ L( U<9<>Y< '7MRUL<$(M R5R M5>U:' <>R ( '(R($R('D
U$5  ;>'(: $< :M> ( YL7RR(< 7< R(L;M >/ RL<M/(L /U<$R7><M%
:$M%  LH $M%6$M% ' L# $M%$$M% ' LK $M%9$4% ' L' $M%( $M%( APD3]B
Y5(L(
LH $M%  $M
4 %  ' 
LK $M%  $M
4 %
L# $M%  $M
4 %  K '  L
L' $M%  $M
4 %  K '  L E
M 7<'7$R(' 7< 74D PD?&  L(M7'U: 4(<(LR>L 7M  0:R(L Y7R5 7<@UR 6 <' :D M MU6
@(LX7M7>< >/ :7<(L R7;(67<XL7<R M[MR(;M 7M ''L(MM(' 5(L(& R5( $:MM >/ $><M7'(L('
0:R(LM Y7:: ( L(MRL7$R(' R> :7<(L R7;(67<XL7<R M[MR(;M >/ R5( />::>Y7<4 />L;

;$P%  M ;$P% '  MH 6$P% '  ML :$P%( ;$4%  ; 2
2$P%   ?M ;$P% '  ?H 6$P% '  ?L :$P% APD3?B
>L& 7< RL<M/(L /U<$R7>< />L;& MMU;7<4 \(L> 7<7R7: $><'7R7><M%
 &
6$M%
2$M%   ?H $M%6$M% '  ?L $M%:$M%  $ ?H $M%  ?L $M%% EAPD3TB
:$M%
5( @L>:(; >/ L(M7'U: 4(<(LR>L '(M74< />L /U:R '(R($R7>< M(' ><  '(R(L;76
<7MR7$ ;>'(: $< ( MRR(' M />::>YM%
81-. ;6? 49*@- '/8=18 9*'/ "18 "@-= ==*1/ 9 1/  =8)
.*/*9=* .1-5
(C-  ,/+ / >& 9A28C(9 28/99 / >& /8, 3<5?.4 /8 3<5$H4 >8,(- 
9>+ +(-8 >(,'(-C8(-> 9F9>, 3<5$14 /8 3<5$@4 9A& >&>
% - >& 9- / A+> 3( $P%  4 /8 ++ P4 >& /A>2A> 9(%-+ 2$P%( P 2 4 9F,2'
>/>(++F F9 >/ G8/ /8 -F (-2A> 6$P%( $$P%( P 2 4 - -F (-(>(+ /-(>(/-9
9$4%( ;$4%5
% 2$P% (9  > F ( $P%5
[O9 CAg]>)AW.,`C,C)gW.A]>FCX5FWA>C.W,.].WB>C>X]>)XgX].BX _i7

5( 0LMR $><'7R7>< MMUL(M R5R& /R(L  RL<M7(<R 'U( R> R5( (//($R >/ 7<7R7: $><'76
R7><M& R5( L(M7'U: 7M :;>MR (EU: R> \(L>D 5( M($><' $><'7R7>< 7M  /U:R '(R($R7:6
7R[ $><'7R7><D 5( >UR@UR 2$P% 7M //($R(' [ ( $P% Y5(< R5( RL<M/(L ;RL7Z (RY((<
( $M% <' 2$M% >R7<(' [ $>;7<7<4 APD3]B <' APD3TB 7M <><6\(L>D  R7;( '>6
;7< '(0<7R7>< >/ R57M <>R7>< 7M M>;(Y5R ;>L( $U;(LM>;(& 5(<$( Y( '(/(L 7R R>
($R7>< PD+DTD
U7R( >/R(<& ($5 $>;@><(<R >/ R5( X($R>L ( $P% $>LL(M@><'M R>  '7//(L(<R /U:RD
5( '(R($R7:7R[ $><'7R7>< 7M R5(< '(0<(' $>;@><(<R6Y7M(D <( '7MR7<4U7M5(M R5(
/>::>Y7<4 <>R7><M%
#/*=*1/ ;62 4, ==*-*=D5
& 4D+ A+> 3/, $P% 6 4 /8 ++ P , P2 4 (9 D*+F >>+ ( >&8 E(9>9  9>+
89(A+ %-8>/8 9A& >&> 2$P% (9  > F /, $P%5

< R5( :7R(LRUL( Y(9 '(R($R7:7R[ 7M :M> L(/(LL(' R> M '(R($R7:7R[D

#/*=*1/ ;6? 4=81/' ==*-*=D5


 A+> /, (9 9>8/-%+F >>+ ( >&8 E(9>9  9>+ 89(A+ %-8>/8 9A& >&>
2$P% 8&9  -/-'G8/ 9>F'9>> C+A /8  A+> 9(%-+ >&> &9  /A- !-+
C+A ( 8-> 8/, G8/5

;6&6? 1-@=*1/ D =( 38*=D 93 3381(

< >L'(L R> '(R(L;7<( R5( $><'7R7><M R> ( /U:0::(' [  ?H $M% <'  ?L $M% />L APD3TB
R> (  L(M7'U: 4(<(LR>L& APD3]B 7M MUMR7RUR(' />L :$M% 7< APD3TB%
2$M%   ?H $M%6$M% '  ?L $M% $ LH $M%6$M% ' LK $M%9$4%
' L# $M%$$M% ' L' $M%( $M%%
 &
6$M%
 $ ?H $M% '  ?L $M% LH $M%  ?L $M% L# $M%%
$$M%
' ?L $M% LK $M%9$4% '  ?L $M% L' $M%( $M% APD3SB
74UL( PDS 7::UMRLR(M R57M L(M7'U: 4(<(LR>LD
U:0:;(<R >/ R5( 0LMR $><'7R7>< 7< L>:(; PDT L(EU7L(M%
$ ?H $M% '  ?L $M% LH $M%  ?L $M% L# $M%%   APD33B
R>4(R5(L Y7R5 R5( M[;@R>R7$ MR7:7R[ >/  ?L $M% LK $M%D 7<$(& 7< 5(:R5[ Y>L97<4
;>'(& R5( @:<R 7M <>L;::[ MR7:7M(' [ < @@L>@L7R( $><RL>::(L& R5( :RR(L $><6
'7R7>< ;>U<RM R> L(EU7L7<4 R5( MR7:7R[ >/ R5( 0:R(LD 57M $< ( 4UL<R((' [ <

<>X CF]>FC X<F`A, CF] $. )FC5`X., e>]< ]<. ,.].)]$>A>]g F5  A>C.W XgX].B FW  K>W
' !Y >C,..,+ ]<. A]].W CF]>FC ,.K.C,X FC ]<. BK 5WFB X]]. ]F B.X`W., F`]K`]+ e<>A.
]<. 5`A] ,.].)]$>A>]g >X C >CK`]L>O.O 5`A]M\F`]K`]L>O.O W.X>,`AM KWFK.W]gO
_i[ [O `A] ,>:CFX>X F5 )FC]>C`F`X=dW>$A. XgX].BX

  
    

     
    

  
    

       

  

+ /+1+ ]W`)]`W. F5 W.X>,`A :.C.W]FW >C ]<. KW>]g XK). 5FWB`A]>FC

@@L>@L7R( $5>7$( >/ R5( '(<>;7<R>L >/  ?H $M% <'  ?L $M%D 5(L(/>L(& $><$(<6
RLR( <>Y >< R5( Y[ R> $57(X( APD33BD 5( EU(MR7>< >/ /U:R '(R($R7:7R[ Y7:: (
''L(MM(' ><$( R5( $:MM >/ :: 0:R(LM R5R /U:0: APD33B 7M $5L$R(L7M('D
>R7$( R5R APD33B $< ( L(YL7RR(<%
 &
LH $M% L# $M%
$ ?L $M%  ?H $M%%  4E APD31B


>L <[ 0:R(L& R5( :(MR $>;;>< ;U:R7@:( >/ R5( '(<>;7<R>LM >/ R5( (<RL7(M >/
 ?L $M% <'  ?H $M%& C$M% $< ( '(R(L;7<('D M7<4 C$M%& R5( :(/R ;>MR ;RL7Z 7<
APD31B $< ( YL7RR(<%
'
 ?L $M%  ?H $M%
$ ?L $M%  ?H $M%%  ( APD3PB
C$M%
Y5(L(  ?L $M% <'  ?H $M% L( MU7R:( @>:[<>;7: ;RL7$(MD (<$(& R5( Y5>:( $:MM
>/ 0:R(LM R5R ;((R APD31B $< ' ( >R7<(' [ $5L$R(L7M7<4 R5( M(R >/ @>:[<>;7:
;RL7$(M  ?L $M%  ?H $M% R5R /U:0:%
 &
' LH $M% L# $M%
 ?L $M%  ?H $M%  4E APD3OB


57M 7M R5( M(R >/ @>:[<>;7: ;RL7$(M R5R :7( 7< R5( :(/R <U::M@$( >/
 &
LH $M% L# $M%
$M%  E APD3+B


57M M@$( 7M '(<>R(' $ $M%%D RM '7;(<M7>< 7M (EU: R> R5( '7//(L(<$( (RY((<
R5( <U;(L >/ L>YM >/ $M% <' 7RM L<9& <;(:[
[O9 CAg]>)AW.,`C,C)gW.A]>FCX5FWA>C.W,.].WB>C>X]>)XgX].BX _iZ

$ $ $M%%%  = ' C 4 ) $M%  = ' C 4 $= ' ?# %  C 4 ?# (


Y5(L( = 7M R5( <U;(L >/ 7<@URM& C R5( <U;(L >/ >UR@URM& <' ?# R5( <U;(L >/
U<9<>Y< 7<@URM A'7MRUL<$(MBD R 5M ((< MMU;(' R5R LH $M% <' L# $M% 5X(
/U:: $>:U;< L<9 D >R7$( R5R R5( <U;(L >/ @:<R >UR@UR M74<:M ;UMR ( :L4(L R5<
R5( <U;(L >/ '7MRUL<$(M />L R5( :(/R <U::M@$( R> ( <><6\(L>D '
<( Y[ R> $5L$R(L7M( R5( M(R >/ @>:[<>;7: ;RL7$(M  ?L $M%  ?H $M% R5R
;((R APD3OB 7M R> '(R(L;7<( < 7LL('U$7:( @>:[<>;7: M7M& />L R5( LR7><: X($R>L
M@$( $ $M%%D ULR5(L& :(R  $M% (  ;RL7Z >/ Y57$5 R5( L>YM ;9( 'MU$5 <
7LL('U$7:( @>:[<>;7: M7M& R5(< <[ MU7R:( ;RL7Z  ?L $M%  ?H $M% $< (
>R7<(' [ $>;7<R7><M >/ R5( L>YM >/  $M%& <;(:[
'
 ?L $M%  ?H $M%  $M% $M%( APD3=B
Y5(L( $M% 7M < L7RLL[ @>:[<>;7: ;RL7Z Y7R5 @@L>@L7R( <U;(L >/ $>:U;<MD
 4(<(L: @L;(RL7MR7>< >/ R5( /;7:[ >/ L(M7'U: 4(<(LR>LM 7M >R7<(' /L>;
APD3=BD UMR7RUR7>< >/ APD3=B 7<R> APD3PB [7(:'M
$M% $M%
$ ?L $M%  ?H $M%%  E
C$M%
<RL>'U$7<4 R57M (Z@L(MM7>< 7<R> APD3TB 0<::[ L(MU:RM 7<
 &
$M% $M% :$M%
K$M%  E APD1]B
C$M% 6$M%
5( $5>7$( >/ R5( ;RL7Z $M% <' R5( @>:[<>;7: C$M% '(@(<'M >< R5( M@($70$R7><
>/ R5( '74<>M7M @L>:(;D [@7$::[ R5( L(M7'U: 4(<(LR>L M5>U:' (<MUL( 0:R(L7<4 >/
5745 /L(EU(<$[ '7MRUL<$(M Y57$5 :Y (Z7MR& (X(< R5>U45 R5([ Y(L( <>R $><M7'6
(L(' 7< R5( ;>'(:& <' '(EUR( @L>@(LR7(M R :>Y /L(EU(<$7(MD >;(R7;(M& @L($7M(
7</>L;R7>< >< R5( /L(EU(<$[ L<4( >/ R5( /U:R 7M X7::(& <' $M%OC$M% $< (
'(M74<(' R> @(L/>L; @@L>@L7R( 0:R(L7<4D

#,! /+ #'$ 4#1! ).#16 .%1#('/ 2 .(& 1! /11"/) &(%
Q`]>FC L[O^9M )A.WAg <X ]<. XB. 5FWB X L[O9_M C,+ $g )FCX]W`)]>FC+ >] 5`A6AX ]<. 6WX]
)FC,>]>FC F5 KWF$A.B [O_ KWFd>,., ? I! <X AA >]X WFF]X >C ]<. FK.C A.5]=<A5 KAC.O .C).
]<.W. .f>X]  B]W>f  I! C,  KFAgCFB>A ? I! 5FW e<>)< L[O^9M C, L[O7iM W. >,.C]>)AO 

1--*/' @/8=*/=D6 :R5>U45 ;>'(::7<4 U<$(LR7<R7(M 5X( <>R ((< 7<RL>6


'U$(' 5(L(& R5([ $< ( $$>U<R(' />L  @>MR(L7>L7 Y5(<  $M% 5M M(X(L: L>YMD
$M% 7M R5(< UM(' R> M(:($R @@L>@L7R( L>YM 7<  $M%D > (Z@:7< R5( 7'(& :(R
 , $M%( 4  "( 8 8 8 ( ?? '(<>R( R5( 4D+ L>Y >/  $M%& <' $><M7'(L R5( M$:L L(M7'U6
:M
 &
 , $M% :$M%
K, $M%  4  "( 8 8 8 ( ?? E
C$M% 6$M%

<. CF]>FC F5 WC@ )FCX>,.W., <.W. >X ]<. CFWBA WC@ )FBK`]., X / 2 %
I!
e<.W. ]<. Bf>B`B >X ]@.C Fd.W AA )FBKA.f dA`.X F5 IO
_i2 [O `A] ,>:CFX>X F5 )FC]>C`F`X=dW>$A. XgX].BX

[ @(L/>L;7<4  M7;U:R7>< >/ :: R5(M( 0:R(LM Y7R5 $RU: @:<R ;(MUL(;(<RM M
7<@UR& ><( ;[ $>;@L( 5>Y M74<70$<R:[ R5( $RU: L(M7'U:M K, $P%& 4  "( EEE( ??
'(X7R( /L>; \(L> 7< R5( M(<$( >/ /U:R& ><$( R5( RL<M7(<R 'U( R> 7<7R7: $><'7R7><M
5M X<7M5('D 57M L(2($RM R5( (//($R >/ ;>'(::7<4 (LL>LM >< R5( L(M7'U:MD (M7'(M&
[ UM7<4 /U:R[ 'R >R7<(' Y7R5  M7;U:R7>< >L $>LL(M@><'7<4 R> $RU: @:<R
;(MUL(;(<RM 7R 7M :M> @>MM7:( R> $>;@L( R5( $RU: M(<M7R7X7R7(M R> /U:RMD  97<'
>/ HM74<: R> <>7M( LR7>I $>U:' ( '(0<(' />L ($5 L(M7'U: M
 D $  .
K, $P% )P
 ,   DD$ ( APD1?B
D
K,  $P%. )P
Y5(L( K, $P% '(<>R(M R5( L(M7'U: >R7<(' Y7R5 R5( ;(MUL(;(<R MM>$7R(' R> R5(
/U:R[ ;>'(& <' K,  $>LL(M@><'M R> R5( /U:R /L(( M7RUR7><D  7M  UM(L '(0<('
5>L7\><& P2 <' P L( R7;( 7<MR<RM MM>$7R(' R> /U:R[ <' /U:R /L(( 'R M(EU(<$(MD
RL7Z $M% M5>U:' R5(< ( $5>M(< R> M(:($R R5( $>;@><(<RM >/ 2$M% />L Y57$5 R5(
HM74<:6R>6<>7M( LR7>I 7M M74<70$<R:[ :L4(L R5< ?D

1.3@==*1/- 93=96 5( @L>:(; >/ 0<'7<4 < 7LL('U$7:( @>:[<>;7: M7M
/>L $ $M%% $< ( RL<M/>L;(' 7<R> R5( '(R(L;7<R7>< >/  M7;7:L M7M />L 
@>:[<>;7: ;RL7Z 7<MR(' >/ R5( LR7><: ;RL7Z $M%D R MU/0$(M R> <>R7$( R5R

$M%  $M%O3$M%(
Y5(L( 3$M% 7M R5( :(MR $>;;>< ;U:R7@:( >/ :: '(<>;7<R>LMD < 7LL('U$7:( @>:[6

<>;7: M7M />L $M% 7M :M> < 7LL('U$7:( @>:[<>;7: M7M />L $M%& <' X7$(6
X(LMD U;(L7$::[ MR:( :4>L7R5;M />L R5( $>;@URR7>< >/ < 7LL('U$7:( @>:[6
<>;7: M7M L( X7::( 7< R5( :7R(LRUL(& <' R5([ 5X( ((< @L>4L;;(' 7< R5(
@>:[<>;7: R>>:>Z >/  D
5( M[;>:7$ R>>:M @:( <' R5(;R7$ $< $:$U:R(  M7M />L R5( :(/R
<U::M@$( >/ $M%D 5( @:( $>;;<' -A++92 9(9 @@:7(' R> R5( ;RL7Z
 $M% Y7:: @L>X7'( R5( L>Y M7M 47X(< 7< <:[R7$: />L;D :$U:R7>< >/  M7M
7M <>R U<7EU(& M> R5( L(MU:R $< ( (Z@<'(' >L L('U$(' [  @>:[<>;7: /L$R7>< M
'(M7L('D 5( L(MU:R 7M <>R <($(MML7:[ 7LL('U$7:(& (7R5(L& UR R5( L('U$R7>< R> < 7LL(6
'U$7:( M7M 7M UMU::[ MRL745R/>LYL' ><$(  /$R>L7MR7>< 7M ;'( >/ R5( (<RL7(M 7<
R5( <U::M@$( M7M D

6#(" /+ )&$0+* .#16 .%1#('/ (. 1! /!#)


 BF,.A F5 ]<. 5FWB L[O9iM )C $. .X>Ag ,.,`)., 5WFB ]<. A>C.W X]].=XK). BF,.A 5FW ]<.
X<>K .fBKA.O <. 5FAAFe>C: ]WCX5.W B]W>).X W. F$]>C., e<.C X.CXFW 5`A]X W. )FCX>,.W.,+
C, e<.C X]]. C, X.CXFW CF>X. W. C.:A.)].,*
! 
( ! ( ! 
(
2  2
0
 <8 I!   '  < I!   '  <; I!   
2 2 2 22  2

<. KA. XgB$FA>) B]<.B]>)X .C:>C. >X  X]C,=AFC. KWF,`)]O ] >X AXF  KW] F5
]<.   gB$FA>) FFA$FfO  

+ KA.


C, ]<.B]>)

W. W.:>X].W.,
]W,.BW@X F5 ]<.>W W.XK.)]>d. FeC.WXO
[O9 CAg]>)AW.,`C,C)gW.A]>FCX5FWA>C.W,.].WB>C>X]>)XgX].BX _iD

C,  <  O C ]<. $Fd. .fKW.XX>FCX+


/ L!  > L! E L!!
0 L!  >' L! E' L!!
( L!  >: L!
P L!  ) L!
 L!  -+ L! -/ L!!
<FA,O ] >X XX`B., ]<] , >X C.:]>d.+ XF ]<] ]<. X<>K >X X]$A.O  <; I! >X CF] XgBK]F]>)AAg
X]$A. <Fe.d.W+ ,`. ]F ]<. >C].:W]FW A>C@>C: XK.., C, KFX>]>FCO . X<AA X.. $.AFe e<]
XA>:<] BF,>6)]>FC B`X] $. >C]WF,`)., >C ]<. ]<.FWg ]F <C,A. ]<. KFA. ] ]<. FW>:>CO
<. B]W>f  I! ]@.X ]<. 5FWB*
$
# + $ +
 #I I I , #, !
I , #,
#  *  " #
 I!  " #
I )  I , #, ! ) A
I I , #, ! I I , #, !
I I , #, ! 0
 0
<. AX] B]W>f )FWW.XKFC,X ]F   I!O C >WW.,`)>$A. $X>X 5FW >]X A.5] C`AAXK). )C $.
)A)`A].,+ FW 5F`C, $g >CXK.)]>FC+ ]F $.
 I!   , I 0! A
<`X+ Cg d.)]FW F5 W]>FCA 5`C)]>FCX F5 ]<. 5FWB
 %
F I! ,IF I!
0 '
? I! ? I!
e<.W. ? I! >X C W$>]WWg KFAgCFB>A e>]< WFF]X >C ]<. A.5] <A5 KAC. C, F I! >X C W$>]WWg
KFAgCFB>A e>]< ,.:W.. A.XX ]<C ? I!+ 5`A6AX )FC,>]>FC L[O97MO C,>,]. W.X>,`A :.C.W]FWX
<d. ]<. 5FWB*
F I! IF I!
G I!  >' I! , E' I!A L[O7_M
? I! ? I!
F]>). ]<]+ $g X.]]>C: F I!  + FC. W.)Fd.WX L[O^2M e>]< ? I!  I # !O
`$X]>]`]>C: ]<. BF,.A .Q`]>FCX 5FW > I! C, E I! g>.A,X
F I! # 
G I!  ) I! # >: I! # > 0! # -+ I!!
? I! I , #, I , #,
! (
IF I! # >: I!  
, ) I! # # > 0! # E 0! # -/ I!
? I! I I , #, ! I I I , #, ! I

F I! F I! IF I!
 , E 0! # -+ I! , -/ I!A
? I! ? I! ? I!
C FW,.W ]F XX`W. ]<] ]<. W.X>,`A XgBK]F]>)AAg dC>X<.X+ ]eF XFA`]>FCX W. KFXX>$A.*
 C]WF,`)]>FC F5  ,.W>d]>d. )]>FC >C F I!+ XF ]<] F I!  I
F I! C, ]<. ].WB >CdFAd>C:
E 0! >C ]<. $Fd. .Q`]>FC >X C`AA ] X].,g X]].O
 F,>6)]>FC F5 L[O7_M $g ,,>C:  )FWW.)]>FC ].WB XXF)>]., e>]< ]<. >C>]>A KFX>]>FC
LX`KKFX., ]F $. B.X`W., )FWW.)]AgMO <>X g>.A,X
F I! F I! IF I!
G I!  E 0! # >' I! , E' I!
? I! ? I! ? I!
FW+ 5].W X`$X]>]`]>FC F5 >' I! C, E' I! >C ].WBX F5 ]<. BF,.A .Q`]>FCX*
_Ii [O `A] ,>:CFX>X F5 )FC]>C`F`X=dW>$A. XgX].BX

F I! IF I!
G I!  -+ I! , -/ I!A L[O7^M
? I! ? I!
<. 6WX] XFA`]>FC AXF >C]WF,`).X  ,.W>d]>d. )]>FC >C ]<. ]WCX5.W 5`C)]>FCX $.]e..C - + I!
C, G I!+ C, $.]e..C -/ I! C, G I!O .C). X].K A>@. 5`A]X ,F CF] <d. Cg X].,g X]].
.55.)] FC ]<. W.X>,`AO C ]<. F]<.W <C,+ >C L[O7^M+ F I! )C $. )<FX.C XF ]<]  X].K=A>@. 5`A]
-+ <X  X].,g X]]. .55.)] FC G+ $`]  X].K A>@. 5`A] >C -/ )C FCAg >C8`.C). ].BKFWW>Ag
G ,`. ]F ]<. h.WF ] ]<. FW>:>C >C 202
,2
O KKA>)]>FC F5 ]<. ]<.FWg $.AFe e>AA >C,>)]. ]<]+
>C,..,+ 5`A] -+ >X X]WFC:Ag ,.].)]$A.+ $`] -/ >X FCAg e.@Ag ,.].)]$A.O 

6#(" /+ .#16 .%1#('/  /!#) 4#1! 1!. (21)21 &/2.&'1/


FB. `X.5`A F$X.Wd]>FCX )C $. B,. A].W 5WFB ]<. $Fd. .fBKA. $`] `X>C: C ,,>]>FCA
>CX]W`B.C] ]F B.X`W. ]<. X<>K <.,>C:O <>X ]<>W, >CX]W`B.C] >X ]@.C ]F $. >C,.K.C,.C] F5
]<. F]<.W ]eFO <>X >X  W.A>X]>) )X. X>C). W.,`C,C] <.,>C: >CX]W`B.C]X W. W.Q`>W., 5FW
BFX] B.W)<C] X<>KXO
>]< ]eF >C,.K.C,.C] <.,>C: C:A. B.X`W.B.C]X

T I!  E' I!
C,
 
T I!  E' I!'
]<. B]W>f  I! ]@.X ]<. 5FWB*
$ +
#I I I , #, !
 # # I , #, ! *
 I!  # *A
I I , #, ! " # I , #, ! )
I I , #, ! 0
<. C`AAXK). $X>X 5FW  I! >X )FBK`]., ]F $.
! ,  0 0! (
I A
, 0  0!
I
<>X B.CX  5B>Ag F5 )C,>,]. W.X>,`A :.C.W]FWX .f>X]+ e<>)< <d. ]<. 5FWB
$ +
>' I!
! , (
F I!  0 0 # E'
 *
( I!  I #   I! * A
? I! , 0  0 " E' )! )
I
) I!
<. W.A]>FC $.]e..C )FBKFC.C]X F5 ]<. W.X>,`A d.)]FW ( I! ]F 5`A]X  I! C, ed. ,>X]`W=
$C). >: >X
 %
F I!
,  - I! # -/ I!

G I! 
? I!  I + %
F I!
, I -+ I! # -/ I! A
 
G I! 
? I!
] >X .d>,.C] ]<] AA .A.B.C]X F5 ]<. W.X>,`A W. ,.)F`KA., 5WFB ]<. ed. ,>X]`W$C).+ e<>)<
eX ]<. >C].C]>FCO
FWB>C:  ]<>W, W.X>,`A `X>C: ]<. KA>C ,>55.W.C). $.]e..C <.,>C: C:A. B.X`W.B.C]X
  
G I!  E' I! , E' I!'
[O9 CAg]>)AW.,`C,C)gW.A]>FCX5FWA>C.W,.].WB>C>X]>)XgX].BX _II

e<>)< eF`A, $.  X]W>:<]5FWeW, )<F>). X C F`]K`] KW>]g .Q`]>FC+ >X >C,.., KFXX>$A.+ $`]
X>C). ]<>X eF`A, $.  A>C.W W.A]>FC $.]e..C ]<. ]eF W.X>,`AX AW.,g ,.6C.,+ ]<>X eF`A, CF]
,, ]F ]<. >C5FWB]>FC )FC]>C., >C ]<. W.X>,`A d.)]FWO 

@-= ==*-*=D6 > '('U$( R5(>L(R7$: L(MU:RM >< /U:R '(R($R7:7R[& R5( (Z@L(M6
M7>< >/ R5( L(M7'U: 7< R5( @L(M(<$( >/ /U:RM ;UMR ( '(R(L;7<('D UMR7RUR7<4 APD31B
7<R> APD3SB [7(:'M
2$M%   ?L $M% LK $M%9$4% '  ?L $M% L' $M%( $M% APD13B
4
3
  ?L $M% LK $M%9$4% '  ?L $M% ,L' $M%/, $M%(
,

Y5(L( ,L' $M% D+


'(<>R(M R5( 4 $>:U;< >/ L' $M%D R $< ( M5>Y< R5R  <($(MML[
<' MU/0$7(<R $><'7R7>< />L '(R($R7:7R[ >/ R5( 4D+ /U:R 7M%
 ?L $M% ,L' $M% 6 4( APD11B
Y5(L(  ?L $M% :M> /U:0:M
 ?L $M% L# $M%  4E APD1PB
5( :RR(L $><'7R7>< $>;(M /L>; R5( M($><' (<RL[ 7< APD33BD >L APD11B <' APD1PB
R> ( M7;U:R<(>UM:[ X(L70('& ><( M5>U:' <>R ( :( R> (Z@L(MM ,L' $M% M  :7<(L
$>;7<R7>< >/ R5( $>:U;<M >/ L# $M%D < >R5(L Y>L'M& R5(L( $<<>R (Z7MRM <[
<><6\(L> @>:[<>;7: M(R #2 $M%& # $M%( 8 8 8 ( #4 $M% MU$5 R5R%
#2 $M% ,L' $M% ' # $M% L# $M% ' 8 8 8 ' #4 $M% 4L# $M%  4
57M $><'7R7>< 7M /U:0::(' Y5(<
'
) L# $M% ,L' $M% 2 ) L# $M%( APD1OB
Y5(L(
) $M%  3 ) $M%
A

'(<>R(M R5( <>L;: L<9 >/ R5( LR7><: ;RL7Z $M%D < R5( :RR(L (Z@L(MM7><& R5(
HL<9I6>@(LR7>< 7< R5( L745R 5<' M7'( $RM ><  ;RL7Z >/ $>;@:(Z <U;(LM >6
R7<(' />L  M@($70$ X:U( >/ MD R $< R5UM ( (X:UR(' 7< R5( MR<'L' Y APD1OB 7M
$RU::[  <($(MML[ <' MU/0$7(<R $><'7R7>< />L R5( 4D+ /U:R R> ( Y(9:[ '(R($R:(D
> '(R(L;7<(  R(MR />L MRL><4 /U:R '(R($R7:7R[& MUMR7RUR( R5( ;>'(: APD3]B />L
Y$M% 7< R5( @L;(RL7MR7>< >/ R5( $:MM >/ L(M7'U: 4(<(LR>LM APD1]B
$ +
 & 6$M%
$M% $M% LH $M% L# $M% L' $M% # *
2$M%  " $$M% )
C$M%
 
( $M%
 &
$M% $M% L' $M%
 ( $M%( APD1+B
C$M% 
_I_ [O `A] ,>:CFX>X F5 )FC]>C`F`X=dW>$A. XgX].BX

Y5(L( R5( M($><' (EU:7R[ $$>U<RM />L R5( /$R R5R  $M% 7M  M7M />L R5( :(/R
<U::M@$( >/ $M%D 5( RL<M7(<R R(L; 'U( R> 9$4% YM <>R $><M7'(L(' M 7RM (//($R
X<7M5(M Y5(< P R(<'M R> 7<0<7R[D RL><4 '(R($R7:7R[ >/ R5( /U:R /, 7M R5UM $57(X('
7/ R5(L( (Z7MRM M>;( @>:[<>;7: C$M% <' @>:[<>;7: ;RL7Z $M% MU$5 R5R
 &7
$M% $M% ,L' $M% 77
7 6 4E APD1=B
C$M%  7
A2

M C$4% 7M <($(MML7:[ $5>M(< <><6\(L> R> MMUL( M[;@R>R7$ MR7:7R[ >/ R5( 0:R(L&
<' $M% $< ( $5>M(< L7RLL7:[&  <($(MML[ <' MU/0$7(<R $><'7R7>< />L MRL><4
/U:R '(R($R7:7R[ 7M
 &7
,L' $M% 77
 $M% 7 6 4E APDP]B
 7
A2
 &
,L' $4%
>R7$( R5R R57M (Z@L(MM7>< ;[ ( '7//(L(<R /L>;  $4% <'& 5(<$(&

MUMR7RUR7>< [ M  4 ;UMR ( @(L/>L;(' /R(L $>;@URR7>< >/ R5( ;RL7Z @L>'U$RD

6#(" /+/ 11#%#16 " /!#) 4#1! 14( (21)21 &/2.&'1/



F )<.)@ ]<] 5`A] -/ >X ,.].)]$A.+ L[O7ZM >X KKA>., X 5FAAFeX
! ( ! (
  
%  0 %  A
2
0 2

>B>AWAg+ ]<. >C.Q`A>]g


! ( ! (
 0 
%  0 % 
2
 2

 
.CX`W.X ]<] -/ >X ,.].)]$A.O FC,>]>FC L[O[iM >X CFe `X., ]F )<.)@ X]WFC: 5`A] ,.].)]$>A=

>]gO FW 5`A] -/ >] g>.A,X
$ +7
 77
 , I 0! " 0 )77  A
0 72$
  
<`X 5`A] -/ >X X]WFC:Ag ,.].)]$A.O FW 5`A] -/ FC. :.]X
$ +7
0 77
 , I 0! "  )77  0'
0 72$
 
e<>)< >C,>)].X ]<] -/ >X CF] X]WFC:Ag ,.].)]$A.+ X eX .fK.)].,O 

5( @L>$('UL( />L L(M7'U: 4(<(LR>L '(M74< $< ( MU;;L7M(' M />::>YMD


[O9 CAg]>)AW.,`C,C)gW.A]>FCX5FWA>C.W,.].WB>C>X]>)XgX].BX _i^

-'18*=(. ;6? 9(A+ %-8>/8 9(%- D(>& >& 28(>F 92 ,>&/

*A/  ;>'(: >/ R5( MU@(LX7M(' M[MR(; 7< R5( />L; APD3]BD
1.3@==*1/
26 >;@UR( ;RL7Z $M% M '(0<(' [ APD3+BD
?6 (R(L;7<( < 7LL('U$7:( @>:[<>;7: M7M />L
$ $M%%& <' :(R  $M% ( R5( ;RL7Z Y5>M( L>YM
;9( MU$5  M7MD /  $M%  & R5( @L>:(; 5M <>
M>:UR7><D
"A#
>6 (M74< R5( 0:R(L 8"A# M  :>Y6@MM >L  <'6@MM 0:R(L
Y57$5 @>MM7:[ M(:($RM @@L>@L7R( L>YM 7<  $M% $$>L'6
7<4 R>  , ( 4  "( 8 8 8 ( % A$/D APD1?BBD
&6 5($9 />L Y(9 >L MRL><4 /U:R '(R($R7:7R[ M <(('('D
9@-=  L(M7'U: 4(<(LR>L 7< R5( />L; APD1]BD

;6&6> @-= *91-=*1/

>L /U:R6R>:(L<R $><RL>:& /U:RM M5>U:' <>R ><:[ ( '(R($R('& UR :M> ( 7M>:R('&
<;(:[ R5( /U:R[ $>;@><(<RM M5>U:' ( '(R(L;7<('D 5( @L>:(; >/ L(M7'U: 4(<6
(LR>L '(M74< />L /U:R '(R($R7>< <' 7M>:R7>< M(' ><  '(R(L;7<7MR7$ ;>'(: $< (
MRR(' M />::>YMD
><M7'(L  M[MR(; '(M$L7(' [  $><R7<U>UM6R7;( :7<(L MRR(6M@$( ;>'(: >/ R5(
/>L;
4
3

9$P%  9$P% ' 6$P% '  -K ( - $P%( 9$4%  92
-
4
3
:$P%  9$P% ' 6$P% '  -L ( - $P%( APDP?B
-

Y5(L( ( - ) 4 ( 6  "( E E E ( ?' L(@L(M(<R R5( /U:RM R5R ;UMR ( '(R($R(' <'
7M>:R('D < R(L;M >/ RL<M/(L /U<$R7><M& APDP?B $< ( YL7RR(< M
4
3
:$M%  LH $M%6$M% ' LK $M%9$4% ' L' $M%( - $M%( APDPTB
-

Y5(L(
LH $M%  $M
4 %  ' ( LK $M%  $M
4 %
<'
_I9 [O `A] ,>:CFX>X F5 )FC]>C`F`X=dW>$A. XgX].BX

L' $M%  $M


4 %  -K '  -L E

81-. ;6> 49*@- '/8=18 9*'/ "18 "@-= ==*1/ / *91-=*1/ 9
1/  =8.*/*9=* .1-5
(C-  ,/+ / >& 9A28C(9 28/99 / >& /8, 3<5<14 /8 3<5<@4 >8,(- 
9> / ?' 9>+ +(-8 >(,'(-C8(-> !+>89 98( F
; 1 $P%  M"1 ; 1 $P% '  MH"1 6$P% '  ML"1 :$P%( ; 1 $4%  ; 2"1 APDPSB
2 1 $P%   ?M"1 ; 1 $P% '  ?H"1 6$P% '  ?L"1 :$P%( <  "( E E E ( ?'
/8 (- >8-9 8 A->(/- /8, 99A,(-% G8/ (-(>(+ /-(>(/-9
2 1 $M%   ?H"1 $M%6$M% '  ?L"1 $M%:$M%( <  "( E E E ( ?' ( APDP3B
9A& >&> >& /++/D(-% /-(>(/-9 8 ,>5
% 2 1 $P% 9F,2>/>(++F F9 >/ G8/ /8 -F 6$P% - -F
( - $P%( 6  "( E E E ( ?' ( 6 6 <( P 2 45
% K1 $P% (9  > F /1 $P%5

< R57M @L>:(; MRR(;(<R& R5( <D+ L(M7'U: $< ><:[ ( //($R(' [ R5( <D+ /U:R&
<' <>R [ R5( >R5(LMD 5( R:( (:>Y L(@L(M(<RM R57M M7RUR7>< Y5(< ?'  /D

- ;62 //($RM >/ R5( /U:RM >< R5( L(M7'U:M


 ( (. (,
2 5 ] ]
2. ] 5 ]
2, ] ] 5

 H5I 7< :( PD? 7<'7$R(M R5R R5( /U:R 7< R5( $>LL(M@><'7<4 $>:U;< //($RM R5(
L(M7'U: >/ R5( $>LL(M@><'7<4 L>YD
5( /U:RM R5R '> <>R //($R R5( <D+ L(M7'U: $< ( M((< M U<9<>Y< 7<@URM R>
Y57$5 R57M L(M7'U: M5>U:' <>R ( M(<M7R7X(D (<$(& R> '(M74<  L(M7'U: 4(<(LR>L
R5R >UR@UR K1 & 7R MU/0$(M R> UM( R5( M>:UR7>< >/ R5( @L>:(; >/ L(M7'U: 4(<(LR7><
/>L /U:R '(R($R7>< 7< Y57$5 X($R>L $ 7M L(@:$(' [ $(  E E E ( 1 ( 1$ E E E ( 4 % D ?'
MU$5 @L>:(;M M5>U:' ( M>:X(' />L <  "( E E E ( ?' 7< >L'(L R> >R7< R5( ?' 0:R(LM
R5R ;9(  M>:UR7>< R> R5( /U:R 7M>:R7>< @L>:(;D
L>; R5( $><'7R7><M />L /U:R '(R($R7:7R[& R5( />::>Y7<4 $><'7R7><M $< ( '(6
'U$(' />L R5( >X( M$5(;( R> Y>L9%
'
) L' $M% L' $M% 2 ) L' $M% APDP1B
/>L :: <( 6  "( E E E ( ?' ( < 6 6E
 MU0$7(<R $><'7R7>< />L APDP1B R> 5>:' 7M
[O9 CAg]>)AW.,`C,C)gW.A]>FCX5FWA>C.W,.].WB>C>X]>)XgX].BX _I7

3
?' ; C( APDPPB
6  "( ?'
6 6 <
Y5(L( C 7M R5( <U;(L >/ ;(MUL(' >UR@UR M74<:M A'7;(<M7>< >/ :BD
5(< $><'7R7><& APDP1B 7M <>R ;(R& R5( '74><: MRLU$RUL( >/ :( PD? $<<>R (
>R7<('& <' ><( M5>U:' RR(;@R R> 4L>U@ R5( /U:R X($R>LM 7< '7//(L(<R $:MM(M <'
R> 4(<(LR( L(M7'U:M R5R L( //($R(' [  M@($70$ /U:R $:MM <' <>R [ R5( >R5(LMD
5( R:( (:>Y 7::UMRLR(M ><( Y[ R> @(L/>L; MU$5  4L>U@7<4& 7<  M7RUR7>< Y5(L(
?'  / <' RY> L(M7'U: 4(<(LR>LM L( '(M74<('D

- ;6? //($RM >/ R5( /U:RM >< R5( L(M7'U:M , <><6'74><: MRLU$RUL(
 ( (. (,
K 5 5 ]
K. 5 ] 5

< R5( M7RUR7>< >/ :( PDT& :: R5L(( /U:RM $< ( '7MR7<4U7M5(' M R5( $>;7<R7><
>/ K <' K. L($RM '7//(L(<R:[ R> ($5 /U:RD >Y(X(L& M7;U:R<(>UM /U:RM $<<>R (
7M>:R(' ($UM( R5([ //($R >R5 L(M7'U:M 7< :: $M(MD

6#(" /+. /(%#%#16 " /!#) 4#1! 1!. (21)21 &/2.&'1/


FW ]<. X<>K e>]< FC. W]. B.X`W.B.C] C, ]eF <.,>C: B.X`W.B.C]X LfBKA. [O7M+ 
W.X>,`A :.C.W]FW >X )<>.d.,+ e<>)< eX ,.)F`KA., 5WFB ]<. ,>X]`W$C).+
$ +
! ( ! ( -+ I!
G I! , 2  0 " -/ I! ) A
 L[O[ZM
G I! , 2 0   
-/ I!

57M L(M7'U: 4(<(LR>L 5M R5( @L>@(LR7(M M5>Y< 7< :( PDTD 

/918 "@-= *91-=*1/ */  "@-=)=1-8/= 1/=81- 9==*/'6 / 7R 5M ((< '(R($R('


R5R ><( >UR >/  M(R >/ /U:RM 7M @L(M(<R& UR 7R 5M <>R ((< @>MM7:( R> 7M>:R( Y57$5
/U:R 7M $RU::[ @L(M(<R& <' R57M YM 'U( R> R5( '(M74< >/ R5( L(M7'U: 4(<(LR>L
M@($70$R7><& :R(L<R7X(M L( X7::( >< R5( /U:R6R>:(L<R M(RR7<4 ($UM( R5( MU6
@(LX7M>L[ M[MR(; 5M $><RL>: >/ R5( 7<@UR M74<:M R> R5( @:<RD 7;7:L R> M[MR(;
7'(<R70$R7><& Y5(L(  '('7$R(' R(MR M74<: 7M @@:7(' R> >R7< R5( >@R7;: 7</>L6
;R7>< >UR  @LR7$U:L @L;(R(L&  '('7$R(' R(MR M74<: $< ( @@:7(' >< R5(
$><RL>: 7<@UR R> 5(:@ $><0L; @LR7$U:L 5[@>R5(M(MD 57M @L>$('UL( $< 5(:@ L('U$(
R7;( R> '74<>M( <' R5(L(/>L( R7;( R> L($><04UL(  $><RL>::(LD

6#(" /+ #1 1/1 /# '% (. #/(%1#('  /!#) /1.#'


5 ]eF >,.C]>)A W]. X.CXFWX W. d>A$A. >C ]<. X<>K X]..W>C: .fBKA.+ C, ]<. W.X>,`A :.C.W=
]FW eX ,.X>:C., ]F $. >CX.CX>]>d. ]F ]<. ed. ,>X]`W$C).+ >] >X CF] KFXX>$A. ]F >XFA]. 5`A]X
_I[ [O `A] ,>:CFX>X F5 )FC]>C`F`X=dW>$A. XgX].BX

-+ C, -+ O C  5`A]=]FA.WC] )FC]WFA X.]]>C:+ .BKAFg )]>d. ].X] X>:CA :.C.W]>FC ]F >XFA].
]<. 5`A] FC). >] <X $..C ,.].)]., ]<] FC. F5 ]<. W]. X.CXFW `C>]X >X ,.5.)]O .6C.  ,.,>)].,
].X] X>:CA
) L!  ), L!' L 1 0' 
'
e<>)< >X KKA>., >BB.,>].Ag 5].W ]<. <gKF]<.X>X F5
 
- + L! * - + L! . 0
>X )FC6WB.,O $X.Wd. =KW>FW> ]<. W.XKFCX. >C ]<. CFC=5`A]g )FC,>]>FC
>1 L!  .+ ), L!'  L!!' L 1 0' 

CF]. ]<] ]<. 5`C)]>FC .+ >X CF] )A)`A].,+ ]<. C:`AW W]. >X B.W.Ag W.)FW,., C, X]FW.,O
A)`A]. ]<. )FWW.A]>FCX
 5

%=G L!  >1 M !>'

M !(M
L $
 5
 
%=G  L!  >' M !>' M !(M
L $
 5

%=G L!  >1 M !>' M !(MA
L $

<.X. )FWW.A]>FC X>:CAX e>]< KKWFKW>]. CFWBA>X]>FC B@. >] X]W>:<]5FWeW, ]F ,.].WB>C.
e<>)< <gKF]<.X>X >X ]<. BFX] A>@.AgO 

;6&6& @-= 9=*.=*1/

5( 7M>:R7>< M$5(;(M M74<7/[ Y57$5 /U:R 7M @L(M(<R UR '> <>R MM(MM R5( ;4<7RU'(
>/ R5( /U:RD U:R (MR7;R(M L( <(('(' 7< $(LR7< /U:R $$>;;>'R7>< @@L>$5(M
M YM 7<'7$R(' 7< ($R7>< PD?D 57M <>R7>< 7M '(0<(' M />::>YMD
#/*=*1/ ;6> 4@-= 9=*.=*1/5
A+> 9>(,>(/- (9 >& (+(>F >/ 9>(,> >& ,%-(>A /  A+> ( , $P% - (>9 >(,
&(9>/8F5

>;7<7<4 APD3TB <' APD1+B& R5( :7<9 (RY((< R5( /U:R X($R>L ( $M% <' R5( L(M7'6
U: 2$M% 7M M((< R> (
 &
$M% $M% L' $M%
2$M%   ?H $M%6$M% '  ?L $M%:$M%  ( $M%( APDP+B
C$M% 
Y5(L( 7R 7M MMU;(' R5R 7<7R7: $><'7R7><M 5X( X<7M5('D (RR7<4
 $M%  $ $M%  . $M%% (
Y5(L(  $M% 5M C $>:U;<M <'  . $M% 5M = $>:U;<M& ED APDP+B $< ( YL7RR(<
$M% $M%
2$M%   ?H $M%6$M% '  ?L $M%:$M%  L' $M%( $M%E APDP=B
C$M%
[O9 CAg]>)AW.,`C,C)gW.A]>FCX5FWA>C.W,.].WB>C>X]>)XgX].BX _IZ

< R5( >R5(L 5<'& ED APD13B [7(:'M R5( />::>Y7<4 L(:R7>< Y5(< R5( RL<M7(<R 'U(
R> R5( 7<7R: $><'7R7><M 7M <(4:($R('
2$M%   ?L $M% L' $M%( $M%(
5(<$(
$M% $M%
 ?L $M%  E APDO]B
C$M%
M  $>;@$R <>RR7><& 7<RL>'U$( ?' $M% [
$M% $M%
?' $M%   ?L $M% L' $M%  L' $M%E
C$M%
/ 7R 7M @>MM7:( R> '(R(L;7<(  MU7R:( :(/R 7<X(LM( R> ?' $M%& M[ $M%& < (MR76
;R( >/ ( $M% Y>U:' (
( $M%  $M%2$M%  $M%$ ?H $M%6$M% '  ?L $M%:$M%%E APDO?B

"= */A89 =8/9"18.=*1/6 / R5( @>:[<>;7: ;RL7Z ?' $M% 7M MEUL(& R5(< R5(
(MR7;R( ( $M%   
?' $M% Y5(L( R5( 466R5 (:(;(<R >/ ?' & $:: 7R 3,- 7M R5( UMU:
7<X(LM(
"
3,- $M%  $4"%,$- $ -, $M%%(
.$ ?' $M%%
Y5(L(  -, $M% 7M R5( '(R(L;7<<R >/ R5( ;RL7Z />L;(' [ ?' $M% /R(L '(:(R7<4
L>Y 6 <' $>:U;< 4D
/ ?' $M% 7M <><6MEUL(& Y7R5 9 L>YM <' ?' $>:U;<M& R5(<& R5(L( (Z7MRM  :(/R
@M(U'>67<X(LM( $M% >/ ?' $M% 7/ <' ><:[ 7/
) $ ?' $M%%  ?' (
Y5(L( R5( <>L;: L<9 7M $><M7'(L('D $M% 7M 47X(< M
$M%  $ ?' $M% ?' $M%% ?' $M%E APDOTB
5( @M(U'>67<X(LM( 5M R5( @L>@(LR[
$M% ?' $M% 
4
Y7R5
4 (7<4 R5( U<7R[ ;RL7Z >/ '7;(<M7>< ?' D

#,! /+ 2/%#16 ( /(%21#('


F $. $A. ]F >BKA.B.C] ]<. 6A].W QO L[OZIM+  I!  18 I! C,  I!  1< I! B`X] $. KWFK.W
C, X]$A. ]WCX5.W 5`C)]>FCXO <>X Bg CF] $. ]W`. e<.C  I! >X )FBK`]., X $Fd.O  BF=
,>6., KWF).,`W. )C $. 5F`C, >C ]<. A>].W]`W. LX.. ]<. $>$A>F:WK<>)A CF].X 5FW ]<>X )<K].WMO


@-= 9=*.=*1/ "=8 *91-=*1/6  <($(MML[ $><'7R7>< R> ( :( R> $>;@UR( R5(
>X( LR7><: (MR7;R(& M(' ><  @M(U'> 7<X(LM( RL<M/>L;R7><& 7M R5R R5( L<9
_I2 [O `A] ,>:CFX>X F5 )FC]>C`F`X=dW>$A. XgX].BX

>/ R5( ?' ;RL7Z 7M (EU: R> R5( <U;(L >/ /U:RM R> ( (MR7;R('D M R5( <U;(L
>/ /U:RM 7M >/R(< :L4(L R5< R5( <U;(L >/ 7<'(@(<'(<R L(M7'U:M& 7R 7M <($(MML[
R> R9( 'X<R4( >/ R5( L(MU:RM >/ R5( /U:R 7M>:R7>< R> :7;7R (MR7;R7>< >/ /U:RM R>
R5>M( R5R R5( 7M>:R7>< :4>L7R5; />U<' R> ( @L(M(<R 7< R5( M[MR(;D
MMU;( R5( MUM(R >/ R5( /U:R X($R>L ( , & 4 )
6( EEE( 7 5M ((< '(R(L;7<(' <($6
(MML[ R> (MR7;R( [ R5( 7M>:R7>< :4>L7R5;D 5( >X( 4(<(L: (Z@L(MM7><M R5(<
5>:' />L R5( (<RL7(M >/ R5( RL<M/(L /U<$R7>< ;RL7$(M R5R L(:R( R> /, ( 4 )
6( EEE( 7 D
MMU;(  M7<4:( /U:R 5M ((< '(R(L;7<(' @L(M(<RD 5(<&  M7<4:( $>:U;< 7<
?' $M% <(('M R> ( $><M7'(L('D 5( L(MU:R />L R57M M7;@:(MR $M( $< ( />L;U:R('
M />::>YMD
7X(< R5( MR:( L(M7'U: 4(<(LR>L
2$M%   ?H $M%6$M% '  ?L $M%:$M%%
<'  RL<M/(L /U<$R7>< ;>'(: L(:R7<4 R57M L(M7'U: R> /U:RM
2$M%  ?' $M%( $M%E
MMU;( R5R R5( 7M>:R7>< @L>$('UL( 7<'7$R(M R5R /U:R <U;(L 4 7M @L(M(<R& <' :(R
R5( 4D+ $>:U;< >/ ?' $M% (
 , $M%
+
+, $M%  (
'$M%
Y5(L( +  -, $M% <' '$M% 7M R5( :(MR $>;;><
 , $M% 7M  @>:[<>;7: X($R>L Y7R5 (<RL7(M +
'(<>;7<R7>< >/ R5( (<RL7(M >/ +, $M%D
(18. ;62 4*/'- "@-= 9=*.=*1/5
0 , $M%  4 +
/
- >& /-(>(/- >&> '$M% - +  -, $M%. 8 9>+ 2/+F-/,(+9 -
-
9>(,> / ( ,  ( , (9 %(C- F
'
( , $M%  +, $M% +, $M% +, $M% 2$M%E APDOSB
57M (MR7;R>L 7M $UM: Y5(<  '$M%  3  +  -, $M%D 57M 7M (M7:[ @L>X('
[ '7L($R $>;@URR7>< >/ R5( @M(U'> 7<X(LM( 7< ED APDOSB%
 .$M% '
$+, $M% +, $M%% +, $M%  /  , $M%( EEE( +
+  /, $M% E APDO3B
4 .
+-, $M%
,

/ R5( >X( $><'7R7>< >< R5( '(4L(( 7M <>R ;(R&  :>Y @MM @@L>Z7;R7>< />L R5(
/U:R (MR7;R( $< ( >R7<(' [ ;U:R7@:[7<4 R5( '(<>;7<R7>< >/ ED APDO3B [
$4 ' #% & Y5(L( # ) $ <' % 7M $5>M(< M> R5R :: (<RL7(M 7< ED APDO3B L( $UM:D

6#(" /+% 2%1 /1#&1#(' " /!#) 4#1! 1!. (21)21 &/2.&'1/
`A] .X]>B]>FC 5FAAFe>C: >XFA]>FC 5FW ]<. X<>K e>]< ]<W.. F`]K`] B.X`W.B.C]X W.X`A]X 5WFB
]<. W.X>,`A :.C.W]FW F$]>C., >C fBKA. [OZ
! ( ! (
, 2  0  , I 0
 1 I!   A
, 2 0  I , 0 I
[O9 CAg]>)AW.,`C,C)gW.A]>FCX5FWA>C.W,.].WB>C>X]>)XgX].BX _ID

3"0 ' -&"0 <. .X]>B]. F5 5`A] C`B$.W I >X


I
-   (  I! # ( I!! A
-
>C). ]<>X 6A].W >X CF] )`XA+  AFe=KXX 6A].W., KKWFf>B]>FC 5FW ]<. W]. :gWF 5`A] >X
C..,.,+ e<.W. " ! 
I
-   (  I! # ( I!! A L[OZ7M
- I # "!
3"0 2 -&"0 <. .X]>B]. F5 5`A] C`B$.W _ >X
  (  I!A
3"0 2 -&"0 <. .X]>B]. F5 5`A] C`B$.W ^ >X
   ( I!A
] X<F`A, $. CF]., ]<] C .WWFC.F`X >XFA]>FC e>AA :>d. :WFXX .WWFWX >C ]<. 5`A] .X]>B].O
C C >BKA.B.C]]>FC+ ]<. $Fd. 5`A] .X]>B]FWX eF`A, W`C >C KWAA.AO C).  KW]>)`AW
5`A] >X >XFA].,+ ]<. .X]>B]. )C $. WK>,Ag KWFd>,.,O 

-=8/=*A .=(19 =1 "@-= 9=*.=*1/6 < $M(M& Y5(L( R5( >X( :4(L7$ @6
@L>$5 R> /U:R (MR7;R7>< /7:M& M[;@R>R7$ (MR7;R7>< >/ /U:RM ;[ ( $57(X:(
UM7<4 < >M(LX(L >< < U4;(<R(' M[MR(;& Y5(L( R5( MRR( 7M U4;(<R(' [ R5(
/U:RAMB R> ( (MR7;R(' A;>'(::7<4 /U:RM R> ( $><MR<RB%
 &  & &  &
) 9  K 9 
 ' 6$P%
)P (   ( 4
 &
9
:$P%  $  L % E
(
 <($(MML[ $><'7R7>< />L < M[;@R>R7$::[ MR:( (MR7;R>L R> (Z7MR 7M R5R R5(
@7L
 & &
 K
( $  L %
 
7M >M(LX:(D M(LX(L6M(' ;(R5>'M L( $>X(L(' (ZR(<M7X(:[ 7< R5( :7R(LRUL( AM((
R5( 7:7>4L@57$: <>R(M />L L(/(L(<$(MBD
__i [O `A] ,>:CFX>X F5 )FC]>C`F`X=dW>$A. XgX].BX

< MU;;L[ R5( @L>$('UL( />L (MR7;R7<4 R5( ;4<7RU'( >/  /U:R 7M M />::>YM%

-'18*=(. ;6> A+> 9>(,>(/-

*A/  ;>'(: >/ R5( MU@(LX7M(' @L>$(MM >/ R5( />L; APD3]B <'  L(M7'U:
4(<(LR>L >/ R5( />L; APD3TB
1.3@=
26 5( RL<M/(L ;RL7Z ?' $M% L(:R7<4 L(M7'U:M R> /U:RM
?6  :(/R 7<X(LM( R> ?' $M%
>6 < (MR7;R>L >/ R5( />L; APDO?B& @>MM7:[ /R(L @@L>@L7R( 0:R(L7<4 >/
R5( :(/R 7<X(LM( 7< >L'(L R> >R7<  $UM: <' MR:( (MR7;R>L />L ::
/U:RMD
9@-=  $UM: <' MR:( /U:R (MR7;R>L M(' >< R5( ;(MUL(;(<RM >/ 6$M%
<' :$M%D

0+ 1-%!&!.1! %($  (*1!%!.1!(& . **-(

;6$62 81-. 9==./=

5( >X( ;(R5>'M Y(L( M(' >< :4(L7$ >L @>:[<>;7: ;<7@U:R7><M& <' L(6
:7(' >< R5( 7:7R[ R> $57(X( (Z$R '($>U@:7<4 /L>; '7MRUL<$(M <' /L>; 7<@UR
R> R5( L(M7'U:D 5(< R57M 7M <>R @>MM7:(& R5( 7<2U(<$( $$P% <' 6$P% 5X( >< R5(
L(M7'U: $>;@(R(M Y7R5 R5R 4(<(LR(' [ /U:RM ( $P%E / R5( (//($RM >/ 7<@UR <'
'7MRUL<$( >< R5( L(M7'U: L( <><6\(L>& Y( '> <>R >R7<
 &
6$M%
$ ?H $M% '  ?L $M% LH $M%  ?L $M% L# $M%% 4 APDOPB
$$M%
/>L :: 6$M% <' $$M% <'
 &
6$M%
2$M%  $ ?H $M% '  ?L $M% LH $M%  ?L $M% L# $M%%
$$M%
' ?L $M% L' $M%( $M% '  ?L $M% LK $M%9$4% APDOOB
7M MRL7$R:[ M@(97<4 <>R  L(M7'U: 4(<(LR>L $$>L'7<4 R> R5( '(0<7R7><D
5( @UL@>M( >/ R57M M($R7>< 7M R> 0<' Y R> L(:Z R5( L(EU7L(;(<R >< (Z$R '(6
$>U@:7<4 />L R5( L(M7'U: 4(<(LR>LD <MR('& M>;( >@R7;: @@L>Z7;R7>< M5>U:' (
>R7<(' 7< R5( M(<M( R5R R5( '(M74< M5:: MR7M/[ $(LR7< $L7R(L7D
5( '(M74< >8($R7X(M M5>U:' ( R>
?D L>X7'(  MU/0$7(<R MU@@L(MM7>< >/ '7MRUL<$(M $ M((< /L>; R5( L(M7'U:&
[O7 .].WB>C>X]>) BF,.A 3 FK]>B>X]>FC=$X., KKWF)< __I

TD Z7;7M( R5( M(<M7R7X7R[ 2 >/ R5( L(M7'U: Y7R5 L(M@($R R> :: >L  R>  M(:($R('
M(R >/ /U:RM 7< ( E
SD 9( R5( L(M7'U: M74<: MU/0$7(<R:[ 7<M(<M7R7X( R> XL7R7><M 7< R5( 7<@UR M74<:
6E
3D L>X7'( R5( '(M74<(L Y7R5 R>>:M R> (<R(L  M@($70$R7>< >/ R5( '(M7L(' @(L/>L6
;<$(D

>L;U:R7<4 R5( '(M74< >8($R7X(M M @(L/>L;<$( 7<'7$(M Y7:: (<:(  L74>L>UM


RL(R;(<RD L>; R5( $><'7R7>< ED APDOPB& @(L/($R '($>U@:7<4 >/ '7MRUL<$( L(EU7L(M
 ?L $M% L# $M%  4E
<M(<M7R7X7R[ R> 7<@UR L(EU7L(M R5( ;>'(: R> /U:0:
 ?H $M% '  ?L $M% LH $M%  4
<' >R5 L( MU8($R R> R5( $><MRL7<R R5R M(<M7R7X7R[ R> /U:RM 7M <>R X<7M57<4
 ?L $M% L' $M% 6 4

18.9 / '*/96 < >L'(L R> RL(R R5( L(:Z(' $><'7R7><& 7R 7M <>R L(EU7L(' R5R R5(
L745R65<' M7'(M L( (Z$R:[ \(L>& UR Y( Y7M5 R> >R7< ;7<7;: X:U(M MU8($R R>
$><MRL7<RM :79( MR:( M[MR(;M <' $UM: L(:7MR7>< >/ 0:R(LMD < >L'(L R> />L;U:R(
'(EUR( >@R7;7MR7>< @L>:(;M& L($:: R5( '(0<7R7><M >/ R5( X($R>L <>L; <' R5(
;RL7Z <>L; 7<'U$(' [  X($R>L <>L;% (R 9 ) 4 E 5(< R5( X($R>L @6<>L; >/ 9
7M
 4 & C8
3 8
!9!8  !W, !
,

< @LR7$U:L& Y5(< C  1( -(


1
2 4
23
!9!.  0
.
!W, !
,

<'
!9!  3 !W, ! E
,4

ULR5(L& :(R   $",- % ) 24 <' 9 ) 4 E 5( ;RL7Z <>L; 7<'U$(' [  X($R>L
@6<>L; 7M '(0<(' M
!9!8
!!8  *2#
K2 !9!8
< @LR7$U:L& Y5(< C  1( -(
-
!!.  :1 $ %  N  $%
___ [O `A] ,>:CFX>X F5 )FC]>C`F`X=dW>$A. XgX].BX

<'
4
3
!!  3 !",- ! 3,E(,A, 9/+A> 8/D 9A,4(
,2
-

Y5(L( :1 7M R5( :L4(MR (74(<X:U(& <' N


 7M R5( :L4(MR M7<4U:L X:U(D
R 7M <>R(' R5R < 7<'U$(' <>L; $< ( X7(Y(' M  ;@@7<4 /L>;  X($R>L M@$(
4 (EU7@@(' Y7R5  <>L; !8!8 R>  X($R>L M@$( 2 Y7R5  <>L; !8!8 D 5( 7<'U$('
<>L;M 5X( R5( 7<R(L@L(RR7>< >/ 7<@URQ>UR@UR ;@:70$R7>< 47<MD
(R $6B% ) 24 (  MR:( RL<M/(L /U<$R7><& 7D(D Y7R5 :: @>:(M MRL7$R:[ 7< R5(
:(/R 5:/ @:<(D 5(< R5( T6<>L; 7M
!   ( 
" 
! !.  PK"&+ $6B% $46B% )B
1H 
<' R5( - <>L;
! !  3 N
 $ $6B%% E
7

< 7;@>LR<R L(MU:R 7M R5R


. . . .
 $ $6B%%. !( !.
! ( !. / ! ! !( !.  3 N
7

M7<$(
 
. "
! ( !.  (  $46B%  $46B% $6B%( $6B%)B
1H 

. "  
/ ! ! ( $46B%( $6B%)B
1H 
. .
 ! ! !( !. (
.
Y57$5 M5>YM ! ! 7M R5( U@@(L >U<' />L R5( M74<: @>Y(L RL<M;7RR(' /L>; 7<@UR
R> >UR@UR >/ R5( RL<M/(L /U<$R7>< $M%D

18.@-=*1/ 9 / 13=*.*9=*1/ 381-.6 5( 0LMR @L>@(LR[ >/  L(:Z(' L(M7'U:


4(<(LR>L M5>U:' ( ;7<7;7MR7>< >/ R5( (//($R >/ '7MRUL<$(M 7< R5( L(M7'U:D
 '7L($R ;7<7;7MR7>< >/ R5( (//($R R5( '7MRUL<$( 5M >< R5( L(M7'U: 7M (Z@L(MM('
7< R5( 7<'U$(' <>L;
.
! ?L $M% L# $M%$$M%!. .
 ,#   .   ! ?L $M% L# $M%!
 %  % !$$M%!.  %
MU8($R R>
 ?L $M% L' $M% 6 4E
5( $><MRL7<R @L(X(<RM R5( RL7X7: M>:UR7><  ?L $M%  4D
5( M74<: @>Y(L $>;@L7M(' 7< R5( L(M7'U: $UM(' [ R5( '7MRUL<$( >X(L R5(
@>Y(L 4(<(LR(' [ /U:RM M5>U:' ( ;7<7;7M('& 5(<$(  /(M7:( 7<'(Z $>U:' (
[O7 .].WB>C>X]>) BF,.A 3 FK]>B>X]>FC=$X., KKWF)< __^

 .
&
! ?L $M% L' $M%( $M%!.
3 .  3 . E
 %  % ! ?L $M% L# $M%$$M%!.
!$!2
5( 7<R(L@L(RR7>< >/ R57M 7<'(Z 7M R> ;Z7;7M( R5( M74<: >X(L <>7M( LR7> 7< R5(
L(M7'U:& UM7<4 R5( R>R: @>Y(L& 7D(D >X(L :: /L(EU(<$7(MD 57M 7<'(Z $<<>R ( (M7:[
>@R7;7M('D / Y(& 5>Y(X(L& ;9(  M:745R ;>'70$R7>< R> R5( >@R7;7MR7>< $L7R(L7><&
MR<'L' R>>:M L( X7::(D
M  4(<(L: R>>: />L >@R7;7MR7><& R5( MR<'L' M(RU@ />L;U:R7>< 7M Y7'(:[ UM('
7< L>UMR <' >@R7;: $><RL>: R5(>L[ <' 7M Y7'(:[ MU@@>LR(' [ $>;@UR(L 7'('
'(M74< R>>:MD (<$( 7R 7M 'X<R4(>UM R> '(M$L7( R5( >@R7;7MR7>< @L>:(; 7< R5(
MR<'L' M(RU@ />L;U:R7><D
@@:7$R7>< >/ R5( MR<'L' ;(R5>'M L(EU7L(  M@($70$ />L;U:R7>< >/ R5( @L>:(;&
Y57$5 7M 0LMR 7::UMRLR(' UM7<4 ;<7@U:R7>< >< R5( :>$9 '74L; 7< 74D PD3 />L R5(
$M(& Y5(L( R5( >8($R7X( 7M R> 0<'  @>:[<>;7: ;RL7Z  $M% MU$5 R5R  M74<: %$M%
7M 7<M(<M7R7X( R>  '7MRUL<$( $$M%
%$M%  $ M# $M% 4  $M% L# $M%% )$M%E

;6$6? 1-@=*1/ @9*/' =( 9=/8 9=@3 "18.@-=*1/

( 7<RL>'U$( 0LMR R5( M7$ <>R7>< >/ R5( MR<'L' (MR7;R7>< M(RU@ <' R5( MR<'L'
(MR7;R7>< @L>:(;& Y57$5 5X(  '7L($R (L7<4 >< '(M74< >/ L(M7'U: 4(<(LR>LMD
#/*=*1/ ;6& 4=/8 9=*.=*1/ 9=@35
>  9F9>,  %(C- F (-2A> C>/8 3*-/D- - A-*-/D- (-2A>4 $ ) 4 ( 9>>
C>/8 9 ) 4 ( - AE(+(8F /A>2A> ; ) / - ,9A8 /A>2A> C>/8 : ) 8
D(>& 9>>'92 6A>(/-

9$P%  9$P% '  K $$P%
;$P%   M 9$P% '  M $$P% APDO+B
:$P%   L 9$P% '  L $$P%
- (%-/8(-% (-(>(+ /-(>(/-9 8289-> (- >& 2+ /,(- F
;$M%  M# $M%$$M%
APDO=B
:$M%  L# $M%$$M%(
D&8
 &
 K
M# $M%    M $M
4 %  K '  M APD+]B
M M
 &
 K
L# $M%    L $M
4 %  K '  L E APD+?B
L L
__9 [O `A] ,>:CFX>X F5 )FC]>C`F`X=dW>$A. XgX].BX

  
    

     

       
       

      
    

   
 

  
    

  

            

            

  

+ /++ C>K`A]>FC F5 ]<. $AF)@ ,>:WB ]F WW>d. ]  X]C,W,


KWF$A.B 5FWB`A]>FCO <. `KK.W ]eF ,>:WBX W. .Q`>dA.C]+ ]<. AFe.W
>X ]<. W.KW.X.C]]>FC `X., ]F ,.].WB>C.  I! $g X]C,W, B.]<F,XO

81-. ;6& 4=/8 9=*.=*1/ 381-.5


$M%  - 9>(,> / ;$M%5 -/> >& ( 8- F %M $M%  ;$M% 4 ;
> ; $M%E
/8 >& 9F9>, !- F >& 9>-8 28/+, 9>A2 3<5;.4 >8,(-  9>+
>8-9 8 A->(/- ,>8(E  $M% >/ 28/C( - 9>(,> / >& AE(+(8F /A>2A> %(C-
>& ,9A8 /A>2A>
$M%   $M%:$M%
; APD+TB
[O7 .].WB>C>X]>) BF,.A 3 FK]>B>X]>FC=$X., KKWF)< __7

9A)> >/  9A(>+ -/8, / >& 9>(,>(/- 88/8 !%M $M%! (-% +99 >&-  &/9-
%(- >/8
*2# !%M $M%! ; 1  *2# ! M# $M% 4  $M% L# $M%! ; 1( APD+SB
 "A#  "A#
D&8 >& -/8, -  / >F29 . /8  /8 (-9>-5
EUR7>< APD+SB />::>YM /L>; (Z@<'7<4 R5( (MR7;R7>< (LL>L%
%M $M%  $M%
;$M% 4 ;
 ;$M% 4  $M%:$M%
 $ M# $M% 4  $M% L# $M%%$$M%E APD+3B

#,! /+/
>55.W.C] 6A].W>C: C, .X]>B]>FC KWF$A.BX )C $. .X>Ag 5FWB`A]., e>]<>C ]<>X :.C.WA .X=
]>B]>FC 5WB.eFW@O <. X]]. )C $. .X]>B]., `X>C:  =  )) C,  =  O <. >CK`]
)C $. .X]>B]., `X>C:  =   C, =  && O <. .X]>B]>FC X.]`K e>AA $. `X., A].W 5FW
W.X>,`A :.C.W]>FCO 

R<'L' . <'  ;(R5>'M R5R 0<' R5( ;7<7;U; >/ /U<$R7>< $$>L'7<4 R> R5(
M(:($R(' <>L; $< :M> ( @@:7(' R> 0<'  MU7R:(  $M% RL<M/(L /U<$R7>< ;RL7Z
/>L R5( (MR7;R7>< @L>:(;D M( >/ Y7'(:[ X7::( M>/RYL( />L R57M @UL@>M( A/>L
(Z;@:( R5(   > R>>:>ZB L(EU7L(M />L;U:R7>< 7< Y5R 7M L(/(LL(' R> M R5(
9>-8 9F9>, 9>A2 - 9>-8 28/+, 7< L>UMR $><RL>:D
#/*=*1/ ;6$ 4=/8 9D9=. 9=@35
>  9F9>,  98( (- >& 2+ /,(- F >& >8-9 8 A->(/- ,>8(E
 $M%( - /A8 C>/89 (-2A> 6$M% ) 2  AE(+(8F (-2A> $$M% ) 4  AE(+(8F
/A>2A> %$M% ) 2 - ,9A8 /A>2A> :$M% ) 8 5 -2A> - /A>2A> 8 8+>
>&8/A%&  $M% ) "8$2 #"2$4 # 9
 &  &  & &
%$M% $$M%  $# $M%  $H $M% $$M%
  $M% 
:$M% 6$M%  L# $M%  LH $M% 6$M%
> >& >8-9 8 A->(/- ,>8(E  $M% ) 28   * /->8/++8 /8 >&
9F9>, >D- : - 6(
6$M%   $M%:$M%
M7<4 R57M M(RU@ <' UR7:7M7<4 M>:UR7><M />L RY> /U<';(<R: >@R7;7MR7>< @L>6
:(;M 7< R5( '(M74< >/ L(M7'U: 4(<(LR>LM& R5(  MU6>@R7;: $><RL>: @L>:(; <'
R5( . MU6>@R7;: $><RL>: @L>:(;D
81-. ;6$ 4 9@13=*.- 1/=81-5
(C-  9F9>, (- /8, / >& 9>-8 9F9>, 9>A2 / !-(>(/- <5"5 9(%- 
9>(+(9(-% /->8/++8  $M% 9A& >&> >& -/8, / >& +/9'+//2 >8-9 8 A->(/-
 $# $M% 8/, AE(+(8F (-2A> $$M% >/ AE(+(8F /A>2A> %$M% (9 +/D8 >&-  92(!
/A- 1
__[ [O `A] ,>:CFX>X F5 )FC]>C`F`X=dW>$A. XgX].BX

*2# !$# ! ; 1  *2# N  $$# $6B%% ; 1(


  "-7#
D&8 N
 -/>9 >& +8%9> 9(-%A+8 C+A5
5(  <>L; 47X(M R5( ;Z7;U; M7<UM>7': 47< >/ R5( M[MR(; A(<(L4[ 47< >L
7<'U$(' . M[MR(; 47<BD

81-. ;6; 4. 9@)13=*.- 1/=81- 381-.5


(C-  9F9>, (- /8, / >& 9>-8 9F9>, 9>A2 (- !-(>(/- <5"5 9(%-  9>'
(+(G(-% /->8/++8  $M% 9A& >&> >& . -/8, / >& +/9'+//2 >8-9 8 A->(/-
 $# $M% 8/, AE(+(8F (-2A> $$M% >/ AE(+(8F /A>2A> %$M% (9 ,(-(,(95

5( MR<'L' (MR7;R7>< @L>:(; >/ 74D PD3 $< ( />L;U:R(' 7< R5( MR<'L' M(RU@D
5( 4(<(L:7M(' M[MR(;  $M% R5(< R9(M R5( />L;
 &
M# $M% 4

 $M%  E
L# $M% 
>R( R5R R5(L( 7M <> /(('$9 R5L>U45 R5( M[MR(; M7<$(  LH $M%  E

;6$6> 9*@- '/8=*1/

5( >X( L(MU:R $< ( @@:7(' 7< $><<($R7>< Y7R5 '(R($R7><& 7M>:R7>< <' (MR7;6
R7>< >/ /U:RMD ( 7; R ;97<4 ; $M%  L(M7'U: M74<:D ( 7<X(MR74R( RY> @L>6
:(;MD 5( 0LMR 7M R> MU@@L(MM '7MRUL<$(M M Y(:: M @>MM7:(D 5( M($><' 7M R> ;9(
 :<$(' >@R7;7MR7><& Y5(L( R5( /U:R M74<RUL( 7M @L(M(LX(' 7< R5( L(M7'U: Y57:(
'7MRUL<$(M L( MU@@L(MM(' R> R5( (ZR(<R @>MM7:(D >R5 L(MU:RM />::>Y /L>; @@L>6
@L7R( />L;U:R7>< >/ R5( MR<'L' @L>:(;D 5( MRLR(4[ 7M R> M(:($R < UZ7:7L[
>UR@UR ;$M% <' 47X( 7R R5( @L>@(LR7(M R5R R5( L(M7'U: M5>U:' 5X(D 57M ;(<M R5(
/>L;U:R7>< >/ ;$M% 7M '7L($R:[  M@($70$R7>< >/ R5( L(M7'U:D < '(M74<7<4 R5( (M6
R7;R( ; $M% R> RL$9 ;$M% M $:>M(:[ M @>MM7:(& $$>L'7<4 R>  47X(< $L7R(L7><& 
MU6>@R7;: (MR7;R>L 7M >R7<(' />L R5( 7'(: L(M7'U:D 5( $$UL$[ Y7R5 Y57$5
R5( M@($70$R7>< 7M ;(R 7M M((< 7< R5( $5>7$( >/ R5( >@R7;7MR7>< $>(/0$7(<R 1E
5( M7$ L(M7'U: 4(<(LR>L Y7:: 5X( R5( />L;
2$M%   $M%$:$M% 4 LH $M%6$M%%E APD+1B
5( '(M74< @L>:(; 7M R> '(R(L;7<( R5( >@(LR>L  $M%D

#,! /+. %1#(' 1( ).#16 /) (.&2%1#('


<. W.X>,`A :.C.W]FW QO L[O9^M <, X KW.W.Q`>X>].+ 5FAAFe>C: 5WFB WF$A.B [O_+ ]<]
 18 #  1<  <8  0
<.C).
[O7 .].WB>C>X]>) BF,.A 3 FK]>B>X]>FC=$X., KKWF)< __Z

( I!   1< I!0 I! #  18 , I!
  1< I!0 I! ,  1< I! <8 , I!
  1< I! 0 I! ,  <8 I!, I!!A
FBKW>XFC e>]< QO L[O27M X<FeX ]<] 6C,>C: ]<. XFA`]>FC  I! >C ]<. X]C,W, X.]`K >X
.Q`>dA.C] ]F ,.].WB>C>C: ]<. FK.W]FW  1< I!O 

< R5( '(M74<& RY> L(EU7L(;(<RM 5X( R> ( $>;7<('D

9*@- '/8=*1/ B*=( 93*#=*1/ 1/ "@-= 9/9*=*A*=D / *9=@8/ 9@3)


3899*1/6 5( 4>: 7M <>Y R> 5X( R5( L(M7'U: L(@:7$R7<4  /U:R R5L>U45  M@($70('
'[<;7$: L(:R7>< Y57:( R5( '7MRUL<$( M5>U:' ( MU@@L(MM(' M /L M @>MM7:(D
5(L(/>L(& Y( 7<$:U'( R5( /U:R X($R>L ( $M% 7< R5( M[MR(; '(M$L7@R7>< <' '(0<( R5(
UZ7:7L[ >UR@UR ;$M% R> ( '(@(<'(<R ><:[ >/ R5( /U:R X($R>L%
:$M%  L# $M%$$M% ' L' $M%( $M%
;$M%  M' $M%( $M%
$M%
;   ?L $M%:$M%
%M $M%  ;$M% 4 ; $M%
5( M(:($R7>< >/ R5( UZ7:7L[ >UR@UR L(2($RM '7L($R:[ R5( @L>@(LR7(M R5R R5( L(M7'U:
M5>U:' 5X(D M#   7M $5>M(< ($UM( Y( Y7M5 R> 7<R(L@L(R $$M% M  '7MRUL<$(
<' '($>U@:( 7R /L>; R5( L(M7'U:D 5( M@($70$R7>< >/ M' $M% 7M  '(M74< $5>7$(D
5(L( ;[ <>R (Z7MR  M>:UR7><  ?L $M% />L :: L7RLL[ M@($70$R7><M& M> M' $M% 7M
R5( 9([ '(M74< @L;(R(LD
5( @(L/>L;<$( R5R M5>U:' ( $57(X(' 7M R5R R5( L(M7'U: />::>YM ;$M% M $:>M(
M @>MM7:(& 5(<$( R5( L(:R7><
! M' $M% 4  ?L $M% L' $M%! ; 1A
M5>U:' 5>:'& Y5(L( 1A $5L$R(L7M(M R5( '(M7L(' /U:R M(<M7R7X7R[ A>L RL$97<4B @(L6
/>L;<$(D 7;U:R<(>UM:[& R5( (//($R >/ R5( '7MRUL<$( M5>U:' ( (:>Y  $(LR7<
:(X(:& 5(<$(
! ?L $M% L# $M%! ; 1? (
Y5(L( 1? 7M  ;(MUL( >/ L>UMR<(MM Y7R5 L(M@($R R> 7<@UR (//($RMD >;7<7<4 R5(
RY>& R5( @5[M7$::[ ;>R7XR(' >@R7;7MR7>< @L>:(; [7(:'M%
!$4 ?L $M% L# $M%% $ M' $M% 4  ?L $M% L' $M%%! ; 1E APD+PB
7<$(
;$M% 4  ?L $M%:$M%
 $ M' $M% 4  ?L $M% L' $M%% ( $M% 4  ?L $M% L# $M%$$M%
 &
$$M%
 $$4 ?L $M% L# $M%% $ M' $M% 4  ?L $M% L' $M%%%
( $M%
__2 [O `A] ,>:CFX>X F5 )FC]>C`F`X=dW>$A. XgX].BX

ED APD+PB 7M (EU7X:(<R R>


!;$6B% 4  ?L $6B%:$6B%!. !%M $6B%!.
7 &7 7
 *2#
& 7 $$6B% 7 & 7
; 1   *2# &7 ; 1E
7
$ 7 7 $ 7 $$6B% 7
 7 7 7
 7 7
7 ( $6B% 7 ( $6B% 7
1 . 1 .

5( L(M7'U: 4(<(LR7>< '(M74< @L>:(; 7M 7::UMRLR(' 7< 74D PD1D 5( U@@(L '76
4L; 7< R5( 74UL( '(@7$RM R5( L(M7'U: 4(<(LR>L Y7R5 >R5 M@($70$R7><M M#
<' M' 47X(<D < />L;U:R7<4 R5( L(EU7L(;(<R R5R '7MRUL<$( /(('6R5L>U45 R> R5(
L(M7'U: M5>U:' ( ;7<7;:& M#   7M M@($70(' 7< R5( M(RU@ M5>Y< 7< R5( :>Y(L
@LR >/ 74D PD1D
< R5( MR<'L' M(RU@& R5( L(M7'U: 4(<(LR>L '(M74< 5M R5( />::>Y7<4 />L;%
81-. ;6: 49*@- '/8=*1/ B*=( 93*#=*1/ 1/ "@-= 9/9*=*A*=D /
*9=@8/ 9@33899*1/5
(C- -  9F9>, D(>& (-2A> 6$M% A-*-/D- (-2A> 3(9>A8-94 $$M% - A+>9
( $M% - +> (-2A>'/A>2A> 8+>(/-9 / >& 9F9>,  98( F $ LH ( L# ( Y/ %5
->8/A - AE(+(8F C8(+ ;$M% - 92( F  >8-9 8 A->(/- ,>8(E M'
-  8+ -A,8 1A 5 > ;$M%  M' ( $M%5 >8,(-  ?L 9A& >&> >& ,E(,+
C(>(/- >D- ; $M%   ?L :$M% - ;$M% (9 /A- F 1A 

!;$M% 4 ;$M%! ; 1A APD+OB
5( M>:UR7>< R> R57M @L>:(; >/ L(M7'U: 4(<(LR7>< '(M74< 5M R5( />::>Y7<4 />L;%
?D (0<( R5( MR<'L' @L>:(; M(RU@%
 &
$$M%
23E#2.  $$M% 
( $M%
#2.  6$M%  2$M%
23E!2.#2.  %$M%  %M $M%  ;$M% 4 2$M%
!2.#2.  :$M%  :$M%
$  % +
 M' $M% 4

 $M%  "  % )
L# $M% L' $M% 
 $M%   ?L $M%
TD M( M>/RYL( R5R M>:X(M R5( MR<'L' @L>:(; R> '(R(L;7<(  M>:UR7>< 7< />L;
>/  MR:( RL<M/(L /U<$R7><  ?L $M% R5R MR7M0(M R5( 7<(EU:7R[
!%M !.
7
& 7 &77 ; 1
 *2#
$ 7 $ 7
 77 7
( ( 7
.

Y57$5 7M (EU7X:(<R R> 0<'7<4  M>:UR7>< R>


[O7 .].WB>C>X]>) BF,.A 3 FK]>B>X]>FC=$X., KKWF)< __D

     
     

 

    

    
 

     

    

  

     
        
  
             
  

  

+ /++ .X>,`A :.C.W]FW ,.K>)]., >C  X]C,W, X.]`K 5FWB`A]>FC


e>]< XK.)>6)]>FCX  = C,  = >C ]<. `KK.W KW] F5 ]<. 6:`W.O  =
>X XK.)>6., X h.WF >C ]<. ,.X>:C KWF$A.B X<FeC >C ]<. AFe.W KW] F5
]<. 6:`W.O

7 %7
7 7
7 4 ?L L# M' 4  ?L L' 7 ; 1E

/  L(MU:R (Z7MRM& Y57$5 7M <>R 4UL<R(('& R5( L(MU:R 7M MRL><4 7< R5( M(<M( 7R @L>X7'(M
R5( L(M7'U: 4(<(LR>L Y7R5 >@R7;: Y(745R7<4 (RY((< MU@@L(MM7>< >/ '7MRUL<$(M
<' M@($70(' M(<M7R7X7R[ R> /U:RMD
< @L$R7$( 7R 7M Y>LR5Y57:( R> MRLR  '(M74< Y7R5 7<X(MR74R7<4 R5( (ZR(<R R> Y57$5
'7MRUL<$(M $< ( MU@@L(MM(' UM7<4 R5( '7MRUL<$( MU@@L(MM7>< @L>:(;D 5(<
7<M745R 7< R5( @L>:(; 5M ((< 47<('& $><R7<U( Y7R5 MU@@:[7<4  M@($70$R7>< R>
_^i [O `A] ,>:CFX>X F5 )FC]>C`F`X=dW>$A. XgX].BX

R5( @L>:(; <' 7R(LR( U<R7:  MU7R:( $>;@L>;7M( 5M ((< />U<' (RY((< '7MRUL6
<$( MU@@L(MM7>< <' /U:R RL$97<4D

@-= ==*1/6 5(< R5( @UL@>M( 7M R> '(M74<  @UL( /U:R '(R($R7>< 0:R(L&  M(<6
M7:( Y[ R> M@($7/[ M' $M% 7M R> L(EU7L( R5R 7R 7M  L>Y X($R>L Y7R5 <><\(L> $UM:
<' MR:( (<RL7(MD 5(<  L(M7'U: X($R>L 7M M>U45R R5( M@($70$R7>< ($>;(M%

) $ M' $6B%% / "
AB+ 6B 6 Z. 
A4  3, $6B% 6 4(

Y5(L( 3, $6B% MR<'M />L R5( 4D+ $>:U;< >/ M' $6B% <' Z. L( R5( \(L>M >/ M' $M%D

@-= *91-=*1/6 / R5( <U;(L >/ /U:RM R> ( 7M>:R(' 7M /' <' M7;U:R<(>UM /U:RM
$< >$$UL& M' $M% 5M R> /U:0: R5( L(EU7L(;(<R%
) M' $M%  /' (
Y5(L(& M UMU:& R5( <>L;: L<9 7M $><M7'(L('D
5(< M7;U:R<(>UM /U:RM L( <>R $><M7'(L('&  X($R>L ; >/ M7\( 9 7M MU/0$7(<R
R> 7M>:R( 1/ 4 " /U:RM [ $><M7'(L7<4 MU7R:( $>'7<4 M(RMD 57M RL<M:R(M 7<R> R5(
/>::>Y7<4 M@($70$R7>< />L ;RL7Z M' $M%D > 7M>:R( /' /U:RM& $5>>M(  ;RL7Z
M' $M% MU$5 R5R%
) M' $M% , !. $/' ' "%
) $+, $M% +- $M%%  1 Y7R5 4  "( EEE( /' 4 6 6 6  "( EEE( /' E

@-= 9=*.=*1/6 U:R (MR7;R7>< $< ( >R7<(' [ M@($7/[7<4 M' $M% 


D <
R57M $M(&
;$M% 
/ $M%
<'
$M%E
%$M%  ;$M% 4 ;
< R5( 7'(: M7RUR7><& Y5(L( <> '7MRUL<$( (Z7MRM& R57M M@($70$R7>< 7;M R MMUL7<4
RL$9M R5( /U:R / [ 4UL<R((7<4 R5R
R5R ;
!
; 4 ;!.
*2# ; 1E
!/ !.
5(< '7MRUL<$(M '> (Z7MR&  RL'(6>// 7M ;'( (RY((< /U:R RL$97<4 <' 7<M(<6
R> R5( '7MRUL<$(D 5( :>$9 '74L; R> M@($7/[ /U:R (MR7;R7>< /L>;
M7R7X7R[ >/ ;
R5( M>:UR7>< R>  MR<'L' @L>:(; 7M M5>Y< 7< 74D PDPD

9*'/ 1/9*8=*1/96 < $><<($R7>< Y7R5 UM7<4 . >L  >@R7;7MR7>< R> '(M74<
R5( L(M7'U: 4(<(LR>L&  Y(745R /U<$R7>< $< /ULR5(L ( 7<$:U'(' 7< R5( M(RU@ R> M>;(
[O7 .].WB>C>X]>) BF,.A 3 FK]>B>X]>FC=$X., KKWF)< _^I

     
 

  

     

 

  

    

  

  
  
     
  
 
             

  

+ /+/+ 5  XFA`]>FC  I! .f>X]X+ 5`A] .X]>B]>FC >X F$]>C., $g


XFAd>C: ]<. X]C,W, KWF$A.B `X>C: ]<. XK.)>6)]>FC  =  +
 =  O

'X<R4( >/ R5( '(M74<(LD 5( Y(745R /U<$R7><  $M% $< ( @@:7(' R> M@($7/[ R5(
/L(EU(<$[ L<4(AMB& Y5(L( '(R($R7><& 7M>:R7>< >L (MR7;R7>< M5>U:' ( >R7<(' ;>MR
(//($R7X(:[D 5( Y[ R> 7<$:U'(  Y(745R ;RL7Z 7< R5( '(M74< 7M R> ;>'7/[ R5(  $M%
M[MR(; ;RL7Z R>
$  % +
  M' 4
 $M%  "  % )E
L# L' 

5( Y(745R7<4 ;RL7Z M@($70(M 7< Y57$5 /L(EU(<$[ L<4(M  '(M74<(L (;@5M7M(M R>
;((R R5( >U<' 1 <' Y5(L( 7R $< ( L(:Z('D
5( ;7< 7MMU( 7< UM7<4 R5( MR<'L' M(RU@ R> >R7< MU6>@R7;: L(M7'U: 4(<(L6
R>LM >/ R5( '7//(L(<R $:MM(M '(M$L7(' >X( 7M R5( M(:($R7>< >/  @L>@(L M@($70$R7><
_^_ [O `A] ,>:CFX>X F5 )FC]>C`F`X=dW>$A. XgX].BX

M' $M%D 5(L(M R5( >@R7;7MR7>< 7RM(:/ 7M :(/R R> R5( M>/RYL( R>>:M X7::(& 4>>'
L(MU:RM L( ><:[ >R7<(' 7/  4>>' M@($70$R7>< 7M @L>X7'('D < 7R(LR7X( '(M74<
;(R5>' 5M @L>X(' UM(/U: 7< @L$R7$(D

-'18*=(. ;6& 9(A+ %-8>/8 9(%-

?D 18.@-= 381-. >L;U:R( R5( L(:(X<R X(LM7>< >/ R5( MR<'L' M(RU@
/>L R5( @L>:(;D
TD 9*'/ 93*#=*1/ @($7/[ < 7<7R7: EU:70(' 4U(MM >< R5( M@($70$R7><
M' $M%E 5( M@($70$R7>< <(('M R> ( >U<'(' /L>; (:>Y& >R5(LY7M(& R5(
>@R7;: M>:UR7>< Y7:: (    <' M'  D
SD 1-A 381-. 7<' R5( /U<$R7><  $M% 7< R5( L(M7'U: 4(<(LR>L
2$M%   $M%$:$M% 4 LH $M%6$M%%(
Y5(L(  $M% 7M R5( (MR >R7<:( M>:UR7>< R> R5( @L>:(; 47X(< R5( M@($76
0$R7>< M' $M%D
3D =8= @/=*- 1/A8' ><R7<U( U<R7: R5( X:U( >/ 1 >R7<(' 5M $><6
X(L4('D
1D =8= */ 93*#=*1/ M(' >< R57M L(M7'U: 4(<(LR>L& M@($7/[  <(Y
M' $M% <' L(@(R R5( '(M74<D
5( @L>$('UL( UMU::[ L(EU7L(M X(L[ /(Y 7R(LR7><MD

0+0 .!4$ 5$41!(&

7X(<  L(M7'U: 4(<(LR>L />L R5( '(R(L;7<7MR7$ $M(& 7D(D R5(L( L( ><:[ 7<M74<70$<R
L<'>; '7MRUL<$(M >L ;(MUL(;(<R <>7M(& R5( @UL@>M( >/ R57M M($R7>< 7M R> 0<' 
;(R5>' />L L(M7'U: (X:UR7>< R5R Y7:: '(R(L;7<( Y5(R5(L  /U:R 7M @L(M(<RD

9*@- ) '/8- 96 (R  M(R >/ L(M7'U:M >R7<(' /L>; MRLU$RUL: <:[M7M
5X( R5( />L; 2  $K ( K. ( EEE( K4 % D ><M7'(L ><( >/ R5(M( L(M7'U:M
K- $P%  C- $7, ( &, ( P% 7, ) "-# ( &, )  "-# ( 6  "( EEE( ?( APD++B
Y5(L( C- 7M >/ R5( />L; 7< Y57$5 R5( $><MRL7<RM 7<  "-# Y(L( />L;U:R('% :7<(L&
<><:7<(L& RU:L& EU<R7M('& :>47$: >L 5[L7'D M 7R 7M UM(/U: R> $R(4>L7M( 9<>Y<
XL7:(M 7<R> R5( <RUL: $R(4>L7(M 7<@UR T( ;(MUL(' Y( <' @L;(R(LM R( R5(
@L7R[ L(:R7>< 7M YL7RR(< M
K- $P%  C- $T, ( Y, ( R, ( &, ( P% T, ( Y, ( R, ) "-# ( &, )  "-# ( 6  "( EEE( ?E APD+=B
5( @L7R[ L(:R7><M 7;@:(;(<R(' />L L(M7'U: 4(<(LR7>< Y>U:' <>R ( R5( RLU( M[M6
R(; $><MRL7<RM &, <>L R5( RLU( @L;(R(LM R, UR Y>U:' ( (MR7;R(M >/ R5>M(& & , ( R , &
L(M@($R7X(:[D
[O[ .X>,`A .dA`]>FC _^^

< >L'(L R> M5@( R5( M74<RUL(M >/ /U:RM 7< R5( L(M7'U:M >L MU@@L(MM <>7M(& 0:R(L7<4
>/ R5( LY @L7R[ L(:R7>< ED APD+=B Y7:: UMU::[ R9( @:$(& <' :M> R5( 0:R(L('
X(LM7>< 7M  L(M7'U:&
 D
K- $P%  V- $P 4 Q %C- $T, ( Y, ( R , ( & , ( Q %)Q( 6  "( EEE( ?( APD=]B
2
Y5(L( V- $P 4 Q % 7M R5( 7;@U:M( L(M@><M( >/ R5( 0:R(L @@:7(' R> @L7R[ L(:R7>< 6D
ULR5(L& R5( X($R>L >/ L(M7'U:M $>U:' ( $><MRLU$R(' M  :7<(L $>;7<R7>< >/
R5( (:(;(<RM /L>; R5( >X( L(M7'U:M& ED APD=]B&
$ +
K $P%
# DD *
2$P   # " D
*(
) APD=?B
K4 $P%
Y5(L(  ) 44 ( .$% 6 4E

/8=*/=D6 < L(: :7/(& & , 6 &, ( <' R , 6 R, & 5(<$( K- $P% $>U:' ( <><\(L>
(X(< R5>U45 R5(L( YM <> X7>:R7>< >/  $><MRL7<R 7< L(:R7>< 6& A&, )  "-#  &, 
4D < @LR7$U:L& $RUR>L '(;<' <' '7MRUL<$(M $>U:' 'L7X( R5( L(M7'U: Y[
/L>; \(L> Y5(< @L;(R(LM <' $><MRL7<RM L( <>R (Z$R:[ (EU: R> R5>M( >/ R5( L(:
>8($RD < >L'(L R> ;9( L(M7'U: (X:UR7>< U<'(L MU$5 U<$(LR7<R[& 7R 7M <($(MML[
R> $$(@R R5R  L(M7'U: $< 5X( M>;( '(X7R7>< /L>; \(L> (X(< 7< R5( <>6/U:R
$M(D >Y(X(L& R5( (//($R >< K- $P% 5M R> ( >U<'('& 5(<$( C- $T, ( Y, ( R , ( & , ( P% 7M
>U<'('&
6 6
6 6
6C- $T, ( Y, ( R , ( & , ( P%6 / #- $T, ( Y, ( P% 0 4 ; #$T, ( Y, ( P% ; -E APD=TB

 96 / R5( >8($R />L '74<>M7M 7M :7<(L <' R7;(67<XL7<R A  B& R5( L(M7'U:
4(<(LR>L $>U:' (  Y7R5  /L(EU(<$[ L(@L(M(<RR7><
$M%  ?H $M%6$M% ' ?# $M%$M% ' ?' $M% $M% APD=SB
(7<4 < (Z@:7$7R /U<$R7>< >/ 7<@UR& '7MRUL<$(M <' /U:RMD
< < 7'(: $M(& L(M7'U: 4(<(LR7>< 7M @(L/($R <' Y( 5X( ?H $M%   <'
?# $M%  D (M7'U: (X:UR7>< R5(< L('U$(M R> 7<X(MR74R7<4 R5( @L>@(LR7(M >/
$M%  ?' $M% $M%E APD=3B
< R5( 4(<(L: $M(& MR7:: Y7R5 <  M[MR(;& ;>'(: U<$(LR7<R[ <' U<;>'(::('
'[<;7$M Y7:: 47X( L7M( R> ?H $M% 6  <' ?# $M% 6 D (M7'U: (X:UR7><
<((' R5(< ( ;'( MU$5 R5R /:M( :L;M L( X>7'(' /L>; $><RL>: 7<@UR 6$P% <'
'7MRUL<$(M $P% Y7R57< R5( <>L;: L<4(D

;6;62 A-@=*1/ '*/9=  =(89(1-


:7'R7<4 R5R <> /U:R 7M @L(M(<R 7M (EU7X:(<R Y7R5 $5($97<4 R5R R5( L(M7'U: X($R>L
7M \(L>D :7'R7<4 R5( @L(M(<$( >/  /U:R ;(<M $5($97<4 Y5(R5(L R5( L(M7'U: 7M >L
_^9 [O `A] ,>:CFX>X F5 )FC]>C`F`X=dW>$A. XgX].BX

5M ((< '7//(L(<R /L>; \(L>D 5( RY> 5[@>R5(M(M <' R5( MM>$7R(' $><'7R7>< ><
R5( L(M7'U: X($R>L L(
2 $4( P%  <> /U:R 7M @L(M(<R ""  4
APD=1B
 $/- ( P- %  /U:R /- YM @L(M(<R M7<$( R7;( P- "$P%" 6 4( P , P- (
Y5(L( "" 7M < @@L>@L7R( <>L; >/ R5( L(M7'U:D

9= "@/=*1/6 >L 4(<(L:7R[& 7<RL>'U$(  R(MR /U<$R7>< G$K$P%%& Y57$5 @L>X7'(M 
;(MUL( A<>L;B >/ R5( L(M7'U:KM '(X7R7>< /L>; \(L>D >;( $>;;>< R(MR /U<$R7><M
L( R5( />::>Y7<4
% M>:UR( X:U(
G$K- $P%%  !K- $P%! E APD=PB
% < @@L>Z7;R7>< R> R5( RY>6<>L; >/ R5( L(M7'U: X($R>L
$ + 
D
" .
G$K- $P%%  " !K- $Q %! )Q ) E APD=OB

D

% EUL( L>>R >/ 0:R(L(' M>:UR( X:U(& MEUL('&


! D ( 
"-#
G$K- $P%%  V; $P 4 Q % !K- $Q %! )Q E APD=+B
2
% 7:R(L(' ;(< MEUL( X:U( >/ M74<:
 D !  (.
"-# " E
G$K- $P%%  V; $P 4 Q % K- $Q % 4 K- $Q. %)Q. )Q( APD==B
2  E 
"-#
Y5(L( V; $P% 7M R5( 7;@U:M( L(M@><M( >/  0:R(L UM(' @LR7$U:L:[ />L (X:UR><
>/ L(M7'U: 6D < R57M $><R(ZR& R5( R(MR /U<$R7>< 47X(< 7< ED APD=PB 7M $><M7'(L('
/ULR5(LD

(89(1- "@/=*1/6 5( <(ZR MR(@ 7< L(M7'U: (X:UR7>< 7M R> '(R(L;7<(  R5L(M5>:'
/U<$R7>< $P% />L (X:UR7>< >/ R5( R(MR /U<$R7>< G$P%D $P% M5>U:' 5X( R5( @L>@(LR7(M
<> /U:R% AP , 4( / $P%  4  G$K$P%% / $P%
Y(9:[ '(R($R:( /U:R% +P , P2  / $P% 6 4  G$K$P%% 2 $P%
MRL><4:[ '(R($R:( /U:R% AP , P , P2  / $P% 6 4( P , P2  G$K$P%% 2 $P%

 96 < R5( 7'(:  $M(& ED APD=3B& $P% $>U:' ( $5>M(< $><MR<R <' M
$:>M( R> \(L> M ::>Y(' [ @L$R7$: X:U(M >/ 7M <' <>7M( 7< R5( L(M7'U:D
< R5( <><67'(: $M(& ED APD=SB @@:7(M <' 7<@UR <' '7MRUL<$(M 5X( M>;(
/(('6R5L>U45 R> R5( L(M7'U:D 7R5 R5( R(MR /U<$R7>< G$P%  "K- $P%". ( R5( R5L(M5>:'
<((' ( '(R(L;7<(' MU$5 R5R
[O[ .X>,`A .dA`]>FC _^7

- $P% , *2# $G$K- $P%%%


' 2" H"# 0%

7M $57(X(' 7< R5( R7;( '>;7<D 5( /$R R5R R>R: @>Y(L $:$U:R(' 7< R5( R7;(
'>;7< <' 7< R5( /L(EU(<$[ '>;7< L( (EU: 7M UM(' R> '(R(L;7<( R5( R5(M5>:'
/U<$R7><&
   
"
!!K$6B%!!.  K$6B%K$46B%)B   !K$P%!. )P  !!K$P%!!. E
1H 2   2

L>; ED APD=SB& R5( L(M7'U: 7M 47X(< 7< R5( /L(EU(<$[ '>;7<D >;@><(<R 6 >/ R5(
L(M7'U: 7M
"-# "-# "-#
K- $M%  $?H $M%6$M%% ' $?# $M%$M%% ' $?' $M% $M%% E
7R5 7 $><RL>: 7<@URM
"-# "-#
"K- $6B%". / "?H $6B%6$6B%". ' "?# $6B%$6B%". APD?]]B
.
3 "-,# "-#
/ "?H $6B%" "T, $6B%". ' "?# $6B%$6B%"
,
/>L :: ';7MM7:( 6 <' D 5( 0LMR R(L; 7< R5( L745R 5<' M7'( 7M  47< R7;(M 7<@UR
@>Y(LD 5( M($><' 7M R5( ;Z7;: $><RL7UR7>< R> R5( L(M7'U: /L>; '7MRUL<$(MD
(R R5( (//($R >/ '7MRUL<$(M >< R5( L(M7'U: ( >U<'(' [
"-# "-#
"?# $6B%$6B%" ; %# ( APD?]?B
R5(< $P% M5>U:' ( $5>M(< M R5( R7;(6XL[7<4 /U<$R7><
.
3 "-#
- $P%  %, "T, $P%". ' %# APD?]TB
,
"-,#
%,  "?H $6B%" E
57M R5L(M5>:' 7M  /U<$R7>< >/ ;Z7;: 47<M /L>; $><RL>: 7<@URM R> L(M7'U: <'
>/ R5( ;Z7;U; 47< /L>; '7MRUL<$(M R> L(M7'U:D R 7M >/R(< L(/(LL(' R> M  R7;(6
XL[7<4 R5L(M5>:' 7< R5( :7R(LRUL(D 5( R(L; '@R7X( R5L(M5>:' 5M :M> ((< UM('D
/ R5( R7;(6XL[7<4 R5L(M5>:' ED APD?]TB 7M R>> $><M(LXR7X(&  '[<;7$ >U<'
$>U:' ( M@($70(' M
. ! D
3 (
- $P%  "-,# $P 4 Q %T, $Q %)Q ' ,# (
3 APD?]SB
?H
, 2

"-,#
?H
Y5(L( 3 7M < (MR7;R( >/ R5( ;Z7;U; A(<X(:>@(B >/ 7;@U:M( L(M@><M( /U<$R7><M
/L>; 7<@UR 4 R> L(M7'U: 6 />L  47X(< ;>'(: U<$(LR7<R[D

6#(" /+'9 !#) 5&)% *  /+


XX`B. ]<. X<>K eX  +
#
T I!  > I! # >: I! # -+ I!  ) I! # >: I! # -+ I! L[OIi9M
I , #,

T I!  E I! # -/ I!  > I! # >: I!! # -/ I!
I
_^[ [O `A] ,>:CFX>X F5 )FC]>C`F`X=dW>$A. XgX].BX

]<. ,.X>:C BF,.A eX


#
>
 I!  )
I , #
,

E I!  >
 I!
I
C,  W.X>,`A :.C.W]FW >X )<FX.C X
! (
# #
G I!  T I! , >
 I!  , ) I! # >: I! # -+ I!
I , #, I , # ,
M IM M
G I!  IT I! , T I!!  -/ I! , -+ I!A
 # IM  # IM  # IM
>]< CF 5`A]X
6 6
6 # # 6
6
G 3>! ( 6 , 6 ) 3>! # >: 3>!
3> , #,
3> , # ,  6
C,
6 6
6 # # 6
G 3>! ( 6 6 ) L! # >: 3>!
6 3> # #, , 3> # #
,  6
L[OIi7M
6 6
6 #
3> 6
 L!  6 , 6 ) L! # >: 3>! L[OIi[M
6 3> , #, 3> , # ,  6
e>]< >: 3>! ( $ '
7 7
7 ,  , , 7
 L!  7 7
7 , ,  7 ) L! # $  $8 ) L! # $ A L[OIiZM

C W.A ]>B.+ e. .dA`].


G L! ( $8 ) L! # $ L[OIi2M
`X>C: QO L[ODZM X C KKWFf>B]>FC ]F ]<. ]eF CFWBO 

/8- 96 < R5( 4(<(L: $M(& 7/ R5( @L7R[ L(:R7>< 7M >U<'(' [
G$C- $T, ( Y, ( R , ( & , ( P%% / #- $T, ( Y, ( P% 0 4 ; #$T, ( Y, ( P% ; -E APD?]=B
5( R5L(M5>:' /U<$R7>< $< >X7>UM:[ ( $5>M(< M
- $P% , #- $T, ( Y, ( P% APD??]B
/ ;>L( '(R7:(' 7</>L;R7>< 7M X7::(& (D4D
.
3
#- $T, ( Y, ( P% / %2 ' %-, !T, ! APD???B
,

MU$5 7</>L;R7>< M5>U:' ( UR7:7M(' Y5(< M@($7/[7<4 R5( R5L(M5>:'& 7< R57M $M( M
.
3
- $P%  %2 ' %-, !T, ! E APD??TB
,
[O[ .X>,`A .dA`]>FC _^Z

=@8/ =1 /18.-6 5( >X( @L>$('UL( R(MR(' />L R5( $5<4(


2 R>
E 5(<
 /U:R 5M ((< '(R($R('& G$K- $P%% , - $P% 
"-# 
& $5<4( R> <>L;: 7M
UMU::[ ;'( Y7R5  5[MR(L(M7M& 1  G$K- $P%% ; 1- $P% 
"-# 
2 D  $>;;><
$5>7$( >/ 5[MR(L(M7M 7M 1 :
4E( 4E E
/  /U:R 7M ><:[ Y(9:[ '(R($R:( 7< L(M7'U: 6& UR MRL><4:[ '(R($R:( 7< >R5(L
L(M7'U:M& A6  G$K- $P%% ; 1- $P% 
"-# 
2 M5>U:' ( UM('D
R 7M >X7>UM R5R M7;U:R7>< <' R(MRM 7< R5( L(: (<X7L><;(<R M>;( (<47<((L7<4
8U'4(;(<R <((' ( (;@:>[(' (/>L( 4>>' $5>7$(M $< ( ;'( >/ R5( R7;(XL[7<4
R5L(M5>:' /U<$R7>< - $P% <' >/ R5( 5[MR(L(M7M 1D
57M :('M R> :4>L7R5;M />L '(R(L;7<7MR7$ $5<4( '(R($R7><&

-'18*=(. ;6$ 9> %(-9> >(,'C8F(-% >&89&/+

*A/  L(M7'U: K-  C- $T, ( Y, ( R , ( & , ( P% <' R5( >8($R />L '74<>M7M M6
MU;(' 7< R5( <>6/U:R $><'7R7><D
26 (R(L;7<(  R(MR /U<$R7>< G$K$P%% $$>L'7<4 R> EMD APD=PB R> APD==BD
?6 (R(L;7<(  R5L(M5>:' /U<$R7>< - $P% />L R5(  $M( $$>L'7<4
R> ED APD?]TB& />L R5( 4(<(L: $M( $$>L'7<4 R> ED APD?]=B >L
ED APD?]TB Y5(< M$($70$ 7</>L;R7>< 7M X7::(D
/**=*-*9
"-# 
2 D
1
26 :$U:R( G$K- $P%% <' - $P%D
?6 /
"-# 
2 ( A6 D
/ G$K- $P%% , - $P% M(R 5[@>R5(M7M R>
"-# 
D
:M(%
/ G$K- $P%% ; 1 - $P% />L A6 M(R 5[@>R5(M7M R>
"-# 
D

6#(" /+'' #&"3.6#' 1!./!(% (. /!#)


.] ]<. X<>KVX ]W`. )FCX]W>C]X $.*
% >   #, > # #, > # #)
% E  > # >:
L[OII^M
9 T  E
9 T  E
C, A.]  BF,.A `X., 5FW ,.X>:C $.
%  >   #
, > # #)
% E  >
L[OII9M
9 T  E
9 T  E
X>C: ]<. BF,.A 5FW ,.X>:C+  W.X>,`A :.C.W]FW >X X`::.X]., X
_^2 [O `A] ,>:CFX>X F5 )FC]>C`F`X=dW>$A. XgX].BX

 
G  T
5 
, 5 T 
 L[OII7M
G  5
T , T
]<.C+ ]<. W.A W.X>,`A e>AA dWg e>]< >CK`] C,
G L!  #, , #
, !> # #, > # # , #!) L! # 
>
5 :
L!
G L!  0

7 7 7 7 7 7 7 7
7( 7
G L! ( 7#, , #
, 7 T  # #,  7T 7 # 7# , #7 ) # 7 >: L!7
(L !
7 7
( $ T  # $ 7T 7 # " ) # $ ( " ) # $ A 

0+/ 1(.1! %($  & 11!(& $(-!1%.

;6:62 /=81@=*1/

> ( :( R> M>:X( R5( @L>:(; >/ /U:R '(R($R7><& 7M>:R7>< <'Q>L (MR7;R7>< R5R
Y7:: ( MRR(' @L($7M(:[ 7<  MR>$5MR7$ /L;(Y>L9 (:>Y&  @L(L(EU7M7R( 7M <(('(' ><
M(EU(<R7: $5<4( '(R($R7>< :4>L7R5;MD R 7M 9<>Y< R5R /U:R '(R($R7>< A<' 7M>:6
R7>< >L (MR7;R7><B M[MR(;M L( ;'( >/ RY> @LRM&  L(M7'U: 4(<(LR>L <'  '($7M7><
M[MR(;D 5(< R5( L(M7'U: 4(<(LR>L 7M '(M74<(' >< R5( M7M >/  :7<(L MR>$5MR7$
;>'(:& L(M7'U: (X:UR7>< L('U$(M R> R5( @L>:(; >/ '(R($R7<4  $5<4( 7< R5( ;(<
>/  <>L;::[ '7MRL7UR(' L<'>; M(EU(<$(& Y57$5 $< ( $57(X(' [ M(EU(<R7:
$5<4( '(R($R7>< :4>L7R5;MD 5(L(/>L(& R57M R>@7$ 7M $><M7'(L(' (/>L( ''L(MM7<4
MU$$(MM7X(:[ /U:R '(R($R7><& 7M>:R7>< <' (MR7;R7>< 7< R5( $M( >/ ''7R7X( /U:RMD

;6:6? 7@/=*- (/' ==*1/ =( 9-8 9

/=81@=*1/6 5( M(EU(<R7: $5<4( '(R($R7>< :4>L7R5;M L( 0LMR '(L7X(' 7< R5(
M7;@:( $M( >/ @L>$(MM7<4  M(EU(<$( >/ 7<'(@(<'(<R L<'>; XL7:(M Y7R5 @L>6
7:7R[ '(<M7R[ /U<$R7>< '(@(<'7<4 ><  M$:L @L;(R(L RD 5( M7RUR7>< Y5(L( R
7M R5( ;(< >/  UMM7< '7MRL7UR7>< 7M UM(' R> 7::UMRLR( R5( R5(>L[& M7<$( R57M 7M
R5( @L>:(; (<$>U<R(L(' />L L(M7'U: (X:UR7><D M R5( M(EU(<R7: :4>L7R5;M Y7::
( UM(' R> @L>$(MM L(M7'U:M& R5( >X( R5(>L[ 5M R> ( 4(<(L:7M(' R> ( :( R>
'(R($R $5<4(M 7< R5( ;(< >/ M(EU(<$(M >/ UMM7< X($R>LM& Y57$5 7M '><( 7< 
MUM(EU(<R @L4L@5D

81-. 9==./=6 ><M7'(L  M(EU(<$( >/ 7<'(@(<'(<R L<'>; XL7:(M Z$4%&


4  "( 1( E E E& Y7R5 @L>7:7R[ '(<M7R[ /U<$R7>< CF $Z% '(@(<'7<4 U@>< ><( M$:L
@L;(R(L RD (/>L( < U<9<>Y< $5<4( R7;(& 72 & R 7M (EU: R> R2 D R R7;( 72 & 7R
$5<4(M R> R  R 6 R2 D 5( @L>:(; 7M R> '(R($R R5( $5<4( R7;(& <' @>MM7:[
[OZ ]F)<X]>) BF,.A 3 )<C:. ,.].)]>FC A:FW>]<BX _^D

(MR7;R( R5( X:U( >/ R5( $5<4( 7< R5( @L;(R(LD >  @L7>L7 9<>Y:('4( >/ R5(
'7MRL7UR7>< >/ R5( $5<4( R7;( 7M MMU;('D R2 7M 9<>Y< [ 5[@>R5(M7M& <' RY>
M7RUR7><M L( $><M7'(L(' />L R & <;(:[ R 9<>Y< <' R U<9<>Y<D 5( 0LMR $M(
[7(:'M R5( M>6$::(' $U;U:R7X( MU; A B :4>L7R5;& R5( M($><' R5( M>6$::('
4(<(L:7M(' :79(:75>>' LR7> A B :4>L7R5;D
>R5 :4>L7R5;M L(:[ ><  /U<';(<R: $><$(@R& <;(:[ R5( :>46:79(:75>>' LR7>
>/ < >M(LXR7>< Z& Y57$5 7M '(0<(' M%
CF $Z%
M$Z%   E APD??PB
CF $Z%
5( <;( $>;(M /L>; R5( /$R R5R R5( :79(:75>>' /U<$R7>< >/ R5( >M(LXR7>< Z 7M [
'(0<7R7>< (EU: R> R5( @L>7:7R[ '(<M7R[ CF $Z% >/ R5( U<'(L:[7<4 L<'>; XL7:(
(X:UR(' R ZD 5( :79(:75>>' /U<$R7>< 7M R5UM  '(R(L;7<7MR7$ /U<$R7>< >/ RD
5( :>46:79(:75>>' LR7> 5M R5( />::>Y7<4 /U<';(<R: MRR7MR7$: @L>@(LR[%
 
F $M%  M$Z% CF $Z%)Z ; 4( APD??OB

 
F $M%  M$Z% CF $Z%)Z 2 4E APD??+B


F AF B '(<>R(M (Z@($RR7>< >/ M$Z% U<'(L R5( '7MRL7UR7>< MM>$7R(' R> CF $Z%
$CF $Z%BD 57M @L>@(LR[ $< ( (M7:[ U<'(LMR>>' /L>; R5( />::>Y7<4 (Z;@:(D M6
MU;( R5R CF $Z% 7M  UMM7< '7MRL7UR7>< <' R5R R5( @L;(R(L R 7M R5( ;(< >/
R57M '7MRL7UR7><& Y57$5 Y7:: ( '(<>R(' >D

ç²{

ç²Ñx

ç²Ñ

ç²Öx

ç²Ö

ç²¥x

ç²¥

ç²çx

ç
–x å¥Í ç ÖÍ x

+ /+.+ eF `XX>C KWF$$>A>]g ,.CX>]g 5`C)]>FCX e>]< B.C


:$  0 C, :  -+ C, e>]< ]<. XB. dW>C). J  

><M7'(L 74D PDOD 5(< R5( L<'>; XL7:( Z 5M C3 $Z% AC3 $Z%B M @L>7:7R[
'(<M7R[ /U<$R7><& 7RM L(:7MR7><M L( ;>MR >/R(< 7< R5( H<(745>UL5>>'I >/ >2 A> BD
8 "M #
9( R5( L(:7MR7>< Z />L 7<MR<$(D :(L:[ 8 "M # ; "D M Z 7M ;>MR @L>:[

>R7<(' Y5(< R5( L<'>; XL7:( Z 5M C3 $Z% M @L>7:7R[ '(<M7R[ /U<$R7><&
8 "M#
R57M 7::UMRLR(M R5R R5( :>4L7R5; >/ 8 "M# 7M >< R5( X(L4( <(4R7X( Y5(< Z 5M

_9i [O `A] ,>:CFX>X F5 )FC]>C`F`X=dW>$A. XgX].BX

C3 $Z% M @L>7:7R[ '(<M7R[ /U<$R7><D 5( @L>@(LR[ '(M$L7(' [ APD??OB& APD??+B
7M (Z@:>7R(' 7< R5( <(ZR M($R7>< R> @L>X7'( < 7<RU7R7X( '(L7XR7>< >/ R5( 
:4>L7R5;D

8*A=*1/ 1" =(  -'18*=(.6 5( @L>:(; MRR(' 7< R5( @L(X7>UM M($R7><&
Y7R5 R 9<>Y<& 7M ''L(MM('D ><M7'(L R5( $U;U:R7X( MU;%
.
3 .
3 CF $Z$4%%
U;U:R7X( MU;% $7%  M$Z$4%%   E APD??=B
, ,
CF $Z$4%%

< R57M (Z@L(MM7><& <' 7< R5( L(;7<7<4 @LR >/ R57M M($R7><& 7 '(<>R(M R5( @L(M(<R
R7;( 7<MR<RD L>; APD??OB <' APD??+B& $7% 7M (Z@($R(' R> (Z577R  <(4R7X( 'L7/R
(/>L( $5<4(& <'  @>M7R7X( 'L7/R /R(L $5<4(D 57M 7M 7::UMRLR(' 7< 74D PD+ <'
PD=D

–¥

–Ö

–Ñ
ç Öçç {çç Ëçç nçç ¥ççç
+ /++ .A>X]>FC F5  X.Q`.C). F5 >C,.K.C,.C] WC,FB dW>$A.X
e>]< ,>X]W>$`]>FCX ,.K>)]., >C >:O [OZO >B. FC ]<. S=f>X >X .fKW.XX.,
>C C`B$.W F5 XBKA.XO

< 74D PD+&  L(:7MR7>< >/  M(EU(<$( >/ 7<'(@(<'(<R L<'>; XL7:(M Y7R5 '7M6
RL7UR7>< CF $Z% (/>L( 7  44 <' CF $Z% /R(L 7  44 7M '(@7$R('D (L( CF $Z%
<' CF $Z% $>LL(M@><' R> R5( UMM7< '7MRL7UR7><M C3 $Z% <' C3 $Z% >/ 74D PDOD
74UL( PD= 47X(M R5( (X>:UR7>< >/ $7%& Y57$5 (5X(M M (Z@($R('D 5( '7//(L(<$(
(RY((< $7% <' R5( ;7<7;U; X:U( >/ $6%& " / 6 / 7 [7(:'M L(:(X<R 7</>L;6
R7>< >< R5( $5<4(D (<$( R5( />::>Y7<4 '($7M7>< /U<$R7>< 0$7% 7M $><M7'(L('
0$7%  $7% 4 =$7% APD?T]B
Y7R5 =$7%   -. $6%D 5( MR>@@7<4 R7;( A:M> $::(' :L; R7;(B& 7 7M
R5( R7;( 7<MR<R R Y57$5 0$7% $L>MM(M  UM(L '(0<(' @>M7R7X( R5L(M5>:' 3D 5( /U:R
>$$ULL(<$( R7;(& 72 & $< ( (MR7;R(' M R5( R7;( 7<MR<R 7 2 R Y57$5 $7% 5M
$5<4(' /L>; <(4R7X( R> @>M7R7X( M:>@(D R 7M />L;::[ (Z@L(MM(' [
7 2  ) -. $6%E

[OZ ]F)<X]>) BF,.A 3 )<C:. ,.].)]>FC A:FW>]<BX _9I

Öçç

–Öçç

–{çç

–Ëçç

–nçç

–¥ççç
ç Öçç {çç Ëçç nçç ¥ççç
+ /+%+ dFA`]>FC F5  4! 5FW ]<. X.Q`.C). F5 >:O [O2+ X  5`C)]>FC
F5 ]>B. >C C`B$.W F5 XBKA.X

5( (Z@L(MM7>< >/ R5( $U;U:R7X( MU; APD??=B $< (M7:[ ( $>;@UR(' />L R5( '7MRL76
UR7><M $><M7'(L(' 7< 74D PDO& M M5>Y< 7< R5( (Z;@:( (:>YD

6#(" /+'2 !'  #' 1! &' (  2//#' /-2'


.B.B$.W ]<] ]<. `XX>C KWF$$>A>]g ,.CX>]g 5`C)]>FC 5FW  WC,FB dW>$A. e>]< B.C :
C, dW>C). J >X
! (
 U , :!
?( U!  2 / , A L[OI_IM
-DJ -J
<. W.X`A]>C: A>@.A><FF, W]>F 5FW ,.].)]>C:  )<C:. >C ]<. B.C 5WFB : $ ]F : >X
! (
?( U! U , : ! U , :$ !
 / , # A
?( U! -J -J
.C). X]W>:<]5FWeW, )FBK`]]>FCX g>.A, ]<. 5FAAFe>C: .fKW.XX>FC 5FW ]<. AF:=A>@.A><FF,
W]>F I U!*
- : , :$ !U # :$ , : !
 %
: , : $ :$ # : 
I U!   U, A L[OI__M
-J J -
>:`W. [OD <X $..C F$]>C., $g X`$X]>]`]>C: L[OI__M Le>]< U  U 2!M 5FW I U 2!! >C L[OIIDM+
e<>)< g>.A,X ]<. A:FW>]<B ,.K>)]., >C ]<. $AF)@ ,>:WB F5 >:O [OIiO F]>). ]<] ]<. X>:CA
]F CF>X. W]>F (3(


KK.WX >C L[OI__M+ C, >] >X ]<`X `]FB]>)AAg ))F`C]., 5FW >C ]<.
].X]>C: KWF).,`W.O 

6#(" /+'1 !'  #' 1! &' ' 3.#'


5 $F]< B.C C, dW>C). )<C:. 5].W  5`A]+ ]<. 5FAAFe>C: W.A]>FC
! (
?( U! J$ U , : ! U , :$ !
 / , #
?( U! J -J -J$
<FA,X C, ]<. AF:=A>@.A><FF, W]>F >X
J$ U , :$ ! U , : !
I U!   # , A
J -J$ -J
_9_ [O `A] ,>:CFX>X F5 )FC]>C`F`X=dW>$A. XgX].BX

<>X :.C.WA )X. >X X<FeC >C ]<. A>].W]`W. $`] CF] )FCX>,.W., 5`W]<.W >C ]<>X )FC].f]O 


 
   

        
 
 


  
     


+ /+'9+ AF)@ ,>:WB 5FW ]<.  ].X] L[OIIDM+ L[OI_iM+ L[OI__M

#,! /+ ' ' 3.#' ( 2&2%1#3 /2& #'.&'1/


<. B.C :2 + C, ]<. dW>C). J2 F5 ]<. )`B`A]>d. X`B >C)W.B.C]X L[OI__M e>AA $. C..,.,
]  A]].W X]:.O <.g )C $. )FBK`]., >C  X]W>:<]5FWeW, eg 5WFB L[OI__MO C,..,+
: , : $ !
e<.C :  :$ ' ( U!  :$ C, :2  ( I U!!  , '
-J
: , : $ !
e<.C :  : ' ( U!  : C, :2  ( I U!!  '
-J
: , : $ !
J2  A 
J

 ;>L( />L;: '(L7XR7>< >/ R5(  :4>L7R5; Y57$5 7M 5(:@/U: />L R5( MU6
M(EU(<R '(M$L7@R7>< >/ R5(   :4>L7R5; 7M <>Y @L(M(<R('D R 7M $::(' R5( >//6:7<(
MRR7MR7$: '(L7XR7><& <' 7R 7M M(' >< R5( />::>Y7<4 L(6/>L;U:R7>< >/ R5( @L>:(;D
81-. ;6 4"")-*/ 9==*9=*- "18.@-=*1/5 /-9(8 >& 96A- / (-2-'
-> 8-/, C8(+9 Z$"%( E E E ( Z$7% D(>& 28/(+(>F -9(>F A->(/- CF $Z% '
2-(-% /- /- 9+8 28,>8 R5 &//9 > >(, (-9>-> 7 >D- >& &F2/>&'
99
2  R  R2 /8 " / 4 / 75
  R  R2 /8 " / 4 / 72 4 " - R  R /8 72 / 4 / 7 D&8 >&
>(, (-9>-> 72 (9 A-*-/D-5

L>; $:MM7$: L(MU:RM 7< 5[@>R5(M7M R(MR7<4 'U( R> ([;< <' (LM><& 7R 7M
9<>Y< R5R R(MRM R> '($7'( (RY((< 2 <'  R5R L( >@R7;: 7< M>;( M(<M( L(
M(' >< R5( :>46:79(:75>>' LR7> (RY((< >R5 5[@>R5(M(MD M 72 7M U<9<>Y<& :(R 6
[OZ ]F)<X]>) BF,.A 3 )<C:. ,.].)]>FC A:FW>]<BX _9^

( < 5[@>R5(R7$: $5<4( R7;(D 5( :>46:79(:75>>' LR7> (RY((< 2 <'  Y7R5
72  6 7M 47X(< M
-
, .
,
CF $Z$4%% CF $Z$4%%
. , ,-
 $6%  .
E APD?TSB
,
CF $Z$4%%
,

5( 7<'(@(<'(<$( (RY((< R5( L<'>; XL7:(M Z$4%( 4  "( E E E 7 YM UM(' R>
(Z@L(MM . $6% 7< R(L;M >/ R5( ;L47<: @L>7:7R[ '(<M7R[ /U<$R7>< CF $Z$4%%D L>;
APD?TSB& R5( />::>Y7<4 $U;U:R7X( MU; >/ :>46:79(:75>>' LR7>M 7M '('U$('%
.
3 CF $Z$4%%
-.   E APD?T3B
,-
CF $Z$4%%

M R5( $5<4( R7;( 7M U<9<>Y<& R5( MR<'L' MRR7MR7$: @@L>$5 $><M7MRM 7< L(6
@:$7<4 7R [ 7RM ;Z7;U; :79(:75>>' (MR7;R(& <;(:[& 7< :>>97<4 />L R5( X:U( >/
6 R5R ;Z7;7M(M R5( <U;(LR>L 7< APD?TSBD 57M 7M :M> R5( X:U( >/ 6 R5R ;Z6
7;7M(M APD?T3BD 5( :>46:79(:75>>' LR7> (RY((< 2 <'  7M R5UM (MR7;R(' [
3 -. -. D 5( L(MU:R 'U( R> ([;< <' (LM>< 7<X>9(' >X( $RU::[ MRR(M
R5R R5( >@R7;: '($7M7>< /U<$R7>< />L L>:(; PD+ 7M
.
3 3.
CF $Z$4%%
0$7%  3   3 M$4% APD?T1B
-.
,-
CF $Z$4%% -.
,-

<' R5( >@R7;: R(MR $><M7MRM >/ R5( />::>Y7<4 '($7M7><MD


 0$7% / 3  #. 2
APD?TPB
 0$7% 2 3  #.  E
5( Y[ >@R7;:7R[ 7M U<'(LMR>>' 5(L( 7<X>:X(M M(X(L: $><$(@RMD 5( L('(L M5>U:'
$><MU:R R5( L(/(L(<$( M($R7>< />L @L($7M7><M >< R57M R>@7$D
5(<  7M $$(@R('& < (MR7;R( >/ R5( $5<4( R7;( 7M @L>X7'(' [%
7 2  )3 -.  . ( -

Y5(L( 7 7M R5( :L; R7;(& <;(:[ R5( X:U( >/ 7 />L Y57$5 0$7% $L>MM(M R5( R5L(M56
>:' 3D
5( '($7M7>< /U<$R7><M APD?T]B <' APD?T1B L( 7'(<R7$:D <'(('& Y7R5 L(/(L(<$(
4. 8 "M",##
R> 74D PD=& ,-  8"" "M",# 7M ;Z7;U; Y5(< :: R5( MU$$(MM7X( :79(:75>>' LR7>M

Y57$5 $>LL(M@><' R>  @>M7R7X( M:>@( >< X(L4( L( $><M7'(L('D 57M 7M @L($7M(:[
R5( Y[ APD?T]B YM >R7<('D
< (/0$7(<R Y[ R> 7;@:(;(<R R5(  :4>L7R5; 7M R> UM( 7RM L($ULM7X( />L;D
L>; APD?T]B <' 74D PD= >L /L>; APD?T1B& <' /L>; R5( /$R R5R R5( R5L(M5>:' 3
7M @>M7R7X(& 7R 7M M((< R5R ><:[ R5( $><RL7UR7><M R> R5( $U;U:R7X( MU; R5R '' U@
R>  @>M7R7X( <U;(L ;UMR ( R9(< 7<R> $$>U<R 7< >L'(L R> '(R(L;7<( R5( '($7M7><
/U<$R7><D R 8UMR70(M R5( />::>Y7<4 L($ULM7X( $>;@URR7>< >/ R57M /U<$R7><%
_99 [O `A] ,>:CFX>X F5 )FC]>C`F`X=dW>$A. XgX].BX

0$7%  3$4( 0$7 4 "% ' M$Z$7%%%E APD?TOB


> >R7< < (MR7;R( >/ R5( /U:R >$$ULL(<$( R7;(& R5( <U;(L >/ MU$$(MM7X( >6
M(LXR7><M />L Y57$5 R5( '($7M7>< /U<$R7>< L(;7<M MRL7$R:[ @>M7R7X( 7M $>;@UR(' M%
 $7%   $7 4 "% " (". #*2 ' "( APD?T+B
Y5(L( " K 7M R5( 7<'7$R>L >/ (X(<R W& <;(:[ " K  " Y5(< W 7M RLU(& <' " K  4
>R5(LY7M(D < (MR7;R( />L R5( /U:R >$$ULL(<$( R7;( 7M R5(< 47X(< M
7 2  7 4  $7 %( APD?T=B
Y5(L( 7 7M R5( MR>@@7<4 >L :L; R7;(D

6#(" /+'2 )&$0+* !'  #' 1! &' (  2//#' /-2'


FCX>,.W>C: :>C ]<. ,.].)]>FC F5  )<C:. >C ]<. B.C F5  `XX>C X.Q`.C).+ L[OI_ZM
]F:.]<.W e>]< L[OI__M g>.A,X*
 %
: , : $ :$ # : 
. 4!  / 0' . 4 , ! # U 4! , ! ! L[OI^iM
J -
e<>)< B`X] $. >C]WF,`)., >C ]<. ,.)>X>FC AF:>) L[OI_[MO 

#,! /+% 4("/#  % (.#1!&


`>]. F5].C+ $F]< KFX>]>d. C, C.:]>d. )<C:.X >C ]<. B.C F5  `XX>C X.Q`.C). e>]<
B.C :$ C, dW>C). J <d. ]F $. ,.].)].,O .]]>C: $ ,.CF]. ]<. B:C>]`,. F5 ]<>X )<C:.+
]<. 5FAAFe>C: ]eF=X>,.,  A:FW>]<B )C $. `X., 5FW ]<>X K`WKFX.O
 %
$
.  4!  / 0' .  4 , ! # U 4! , :$ , L[OI^IM
-
 %
$
.  4!  / 0' .  4 , ! , U 4! # :$ , A L[OI^_M
-
  1J K$O F]>).
C AWB >X :.C.W]., e<.C .>]<.W .  4! FW .  4! W.)<.X ]<. ]<W.X<FA, 1
( (
]<] ]<. 5)]FW 3 ]<] KK.WX >C L[OI^iM <X $..C )C).AA., 5WFB ]<. ,.)>X>FC 5`C)]>FCX

.  4! C, .  4! >C L[OI^IM C, [OI^_MO Q`>dA.C]Ag+ >] >X CFe >C)A`,., >C ]<. ]<W.X<FA, 1O
<. .fKW.XX>FC 5FW .  4! >X ,.,`)., 5WFB L[OI^iM $g AFF@>C: 5FW  KFX>]>d. )<C:. >C ]<.
B.C F5 ]<. X.Q`.C). ,U 2!' 2  ' -' A A AO 

8.=8 =@/*/' "18 =(  -'18*=(.6 < R57M M($R7><& R5( />$UM 7M >< R5(
$M( >/  $5<4( 7< R5( ;(<& >& >/  UMM7< M(EU(<$(D
>L;::[& R5( 'R MM>$7R(' R> 5[@>R5(M7M 2 $>LL(M@><' R>  /U:R /L(( Y>L96
7<4 ;>'(D (<$( @L;(R(L >2 $< ( (MR7;R(' /L>;  M(R >/ (Z@(L7;(<R: 'R
>R7<(' 7< R5( M(<$( >/ /U:R [ R97<4 R5( (;@7L7$: ;(< >/ R5(M( 'RD 5(
XL7<$( N . $< :M> ( (MR7;R(' 7< R57M Y 5( (MR7;R(M L( '(<>R(' > .&
2 >L N
L(M@($R7X(:[D
5(L( L( R5UM RY> '(M74< @L;(R(L :(/R 7< R5(  :4>L7R5;& 3 <' > D
<'(('& :R5>U45 R5( :4>L7R5; YM '(L7X(' U<'(L R5( 5[@>R5(M7M R5R > 7M 9<>Y<&
R57M 7M M(:'>; R5( $M( 7< @L$R7$(D (X(LR5(:(MM& R5( :4>L7R5; @L>X(' R> ( UM(/U:
(X(< Y5(< > 7M L(@:$(' [ < @@L>Z7;R( X:U(D
[OZ ]F)<X]>) BF,.A 3 )<C:. ,.].)]>FC A:FW>]<BX _97

5( $5>7$( >/ R5( R5L(M5>:' 3 L(MU:RM /L>;  $>;@L>;7M( (RY((< R5( ;(< '(:[
/>L '(R($R7>< <' R5( ;(< R7;( (RY((< /:M( :L;MD Z$R $>;@URR7>< >/ R5(M(
EU<R7R7(M 7M 7<X>:X('& UR @@L>Z7;R( (Z@L(MM7><M <' >U<'M L( X7::(D >R5
EU<R7R7(M $< ( '(R(L;7<(' /L>; R5( M>6$::(' X(L4( LU< :(<4R5 A B /U<$R7><
'(0<(' M
$>%  3 $7 %
/>L R5( (Z;@:( >/ R5( '(R($R7>< >/  $5<4( 7< R5( ;(< >/  UMM7< M(EU(<$(
Y7R5 XL7<$( N . D 5(  /U<$R7>< 7M R5UM R5( (Z@($R(' X:U( >/ R5( :L; R7;(
7<MR<R Y5(< R5( 'R L( '7MRL7UR(' $$>L'7<4 R> R5( <>L;: @L>7:7R[ '(<M7R[
/U<$R7>< Y7R5 ;(< > <' XL7<$( N . D R 7M  /U<$R7>< >/ R5( ;(< >D 5(< >  >2
A'R L($>L'(' 7< 5(:R5[ $><'7R7><MB& R5( X:U( >/ R5(  /U<$R7>< $>2 % 7M (EU:
R> R5( ;(< R7;( (RY((< /:M( :L;M& D < R5( >R5(L 5<'& $> % 47X(M R5( ;(<
'(:[ />L '(R($R7><D < @@L>Z7;R7>< />L R5(  /U<$R7>< 7< R5( M7RUR7>< Y(L(
$5<4(M 7< R5( ;(< >/  UMM7< M(EU(<$( 5X( R> ( '(R($R(' 7M 47X(< [ R5(
/>::>Y7<4 (Z@L(MM7>< A"1#& @4( T?=B
A% 
$> APD?SSB
!  ! ( ! (( ! . (
>A 3 >A >A 3 >A NA
3# 41 ' "E"-- 4"'1 ' "E"--
NA. NA NA. NA 1>.A
/>L >A 6 4& Y5(L( >A <' NA L( R5( ;(< >L R5( MR<'L' '(X7R7>< >/ R5( 7<$L(;(<RM
>/ R5( $U;U:R7X( MU;& L(M@($R7X(:[& M $>;@UR(' 7< (;L9 PD+D
5( ;(< R7;( />L '(R($R7><& Q $< ( (MR7;R(' M
! .
( ! . (
$> 4 >2 %
Q      % ( APD?S3B
1N . 1N .
Y5(L( %  > 4 >2 <' R5( (MR7;R(' ;(< R7;( (RY((< /:M( :L;M 7M >R7<('
M
! ( ! (

 $> 4 >2 %. %.
  4  4 . E APD?S1B
1N . 1N
5(< > A>L (EU7X:(<R:[ %B 7M <>R 9<>Y<& 7R $< ( L(@:$(' [  UM(L M@($70('
X:U( MU$5 M R5( ;>MR :79(:[ ;4<7RU'( >/ R5( $5<4(D  M7;@:( Y[ R> '(R(L;7<(
R5( R(MR R5L(M5>:' /L>; APD?S3B >L APD?S1B 7M R> @:>R Q  <'   M  /U<$R7>< >/ 3D
3 #
> R57M (<'& $><M7'(L7<4 APD?S3B />L 7<MR<$(& "3. 
B 7M MUMR7RUR(' />L >A <'
3 #
"3 

B 7M MUMR7RUR(' />L NA 7< APD?SSBD <>Y7<4 R5( '(M7L(' X:U( />L Q  >L  & ><(
R5(< '(R(L;7<(M /L>; R5( @:>R < @@L>@L7R( X:U( />L 3D :R(L<R7X(:[& MR<'L'
@@L>$5(M MU$5 M R5( M($<R ;(R5>' $< ( UM(' R> M>:X( R5( <><:7<(L (EUR7><M
APD?S3B <' APD?S1BD
U7R( >/R(<& ><( $< @L>X7'(  ;7<7;U; X:U( >/ R5( $5<4( />L Y57$5 ><( Y7M5(M
R5( :4>L7R5; R> 4(<(LR( < :L;D (R % '(<>R( R57M X:U(D R 7M R5(< 'X7M:( R>
$5>>M( >  > 2 ' 1% D <'(('& :(R C3  $Z% <' C3  $.   $Z% '(<>R( R5( UMM7<
@L>7:7R[ '(<M7R[ /U<$R7><M Y7R5 L(M@($R7X( ;(< > 2 <' > 2 ' 1% <' Y7R5
XL7<$( N . D R 7M (M[ R> $5($9 R5R C3  $Z%  C3  $.   $Z% 7M $57(X(' />L Z 
_9[ [O `A] ,>:CFX>X F5 )FC]>C`F`X=dW>$A. XgX].BX

>
2 ' % D 5UM <[ M(EU(<$( >/ X:U(M >/ Z 4L(R(L R5< > 2 ' % >< X(L4( Y7::
8 "M#
[7(:'  M(EU(<$( >/ @>M7R7X( :>46:79(:75>>' LR7>   8  
  "M#

>< X(L4(& <' <
:L; Y7:: ( RL744(L(' /R(L M>;( R7;( />L MU$5  M(EU(<$(D

#,! /+'9 1 ( ' ..(. (' :


<. F$?.)]>d. F5 ]<>X W.BW@ >X ]F >AA`X]W]. ]<] ]<.  A:FW>]<B 5FW ,.].)]>FC F5 
)<C:. >C ]<. B.C F5  `XX>C X.Q`.C). )C ,.].)] )<C:.X .d.C e<.C :  >X Fd.W.X]>=
B].,O F ]<>X .C,+ A.] `X )FCX>,.W >:O [OIIO

     

  
  
 

     
 

     

 
  
  

 
                     
LM L$M
+ /+''+ LM `XX>C KWF$$>A>]g ,.CX>]g 5`C)]>FCX e>]< )]`A
L)FC]>C`F`X A>C.M C, Fd.W.X]>B]., B.CX L,X<=,F]]., A>C.M+ L$M
.dFA`]>FC F5 ]<. W.)`WX>d.  ,.)>X>FC 5`C)]>FCX )FBK`]., e>]<
]<. .f)] L)FC]>C`F`X A>C.M C, KKWFf>B]., A>@.A><FF, W]>FX
L,X<=,F]]., A>C.M 5FW ]<. ,] X.Q`.C). F5 >:O [O2

C ]<. A.5] <C, 6:`W.+ ]<. ,.CX>]g 5`C)]>FCX W.KW.X.C]., $g )FC]>C`F`X A>C.X )FWW.XKFC,
]F ]<. )]`A ,]+ e<>)< <d. B.C :$  0 $.5FW. ]<. )<C:. C, B.C :  - 5].W ]<.
)<C:.O >:O [O2 W.KW.X.C]X  ,] X.Q`.C). e<>)< eX :.C.W]., 5WFB ]<.X. ,.CX>]g 5`C)]>FCXO
<. .dFA`]>FC F5 ]<. W.)`WX>d.  ,.)>X>FC 5`C)]>FC ]`C., e>]< : $  0 C, :  -
F$]>C., $g KWF).XX>C: ]<. ,] F5 >:O [O2 >X KAF]]., X  )FC]>C`F`X A>C. >C >:O [OIIL$MO .]
`X CFe KWF).XX ]<. XB. ,] e>]<   A:FW>]<B ]`C., e>]<  B.C dA`. 5].W )<C:.
.Q`A ]F ^ L>CX]., F5 _MO <. W.X`A]>C: ,.)>X>FC 5`C)]>FC >X W.KW.X.C]., $g ]<. ,X<=,F]]., A>C.
>C >:O [OIIL$MO C. CF]>).X ]<]+ e<.C ]<. dA`. F5 : >C ]<. 5`C)]>FC . 4! >X <>:<.W ]<C ]<.
W.A :+ ]<. ,.)>X>FC 5`C)]>FC X]>AA >C)W.X.X FC d.W:. `KFC F))`WW.C). F5  )<C:.+ <Fe.d.W
]<. XAFK. F5 ]<. ,.)>X>FC 5`C)]>FC >X AFe.W ]<C e>]< ]<. )FWW.)] dA`. F5 :  O F `C,.WX]C, ]<>X
K<.CFB.CFC+ A.] `X AFF@ :>C ] >:O [OIILM+ e<.W. ]<. `XX>C ,.CX>]g 5`C)]>FC e>]< B.C
.Q`A ]F ^ >X KAF]]., e>]<  ,X<=,F]]., A>C.O .] ?$ U!+ ? U! C, ? U! ,.CF]. ]<. ,.CX>]g
5`C)]>FCX e>]< B.C 0+ - FW ++ W.XK.)]>d.AgO 5].W ]<. )<C:. >C ]<. B.C+  ]gK>)A ,]
XBKA. 5WFB ]<. )]`A ,] X.Q`.C).+ XgX U, e>AA <d.  dA`. >C ]<. C.>:<$F`W<FF, F5 -O <.
XXF)>]., dA`.X F5 ]<. ,.CX>]g 5`C)]>FCX W. W.KW.X.C]., $g ]<. KF>C]X  L? U,!M+ L? U,!M
FW  L?$ U,!M+ W.XK.)]>d.AgO <. )FC]W>$`]>FC ]F ]<.  ,.)>X>FC 5`C)]>FC XXF)>]., ]F U,
>X .Q`A ]F ,, 
=

=
e<.C ]<. )FWW.)] ]`C>C: >X `X.,+ C, ]F ,, 

=
=
e<.C ]<. : >X Fd.W.X]>B].,O
F]< dA`.X W. )A.WAg AW:.W ]<C FC.+ $`] ,, 

=
=
7 ,, 

=
=
e<>)< .fKA>CX ]<. AFe.W XAFK. F5
]<.  ,.)>X>FC 5`C)]>FC e<.C : >X Fd.W.X]>B].,O 
[OZ ]F)<X]>) BF,.A 3 )<C:. ,.].)]>FC A:FW>]<BX _9Z

5( $><04ULR7>< <' R5( 7;@:(;(<RR7>< >/ R5(  :4>L7R5; R> '(R($R
$5<4(M 7< R5( ;(< >/  UMM7< M(EU(<$( $< ( MU;;L7M(' M />::>YM%

-'18*=(. ;6;  +%/8(>&, /8 >>(/- /  &-% (- >& ,- /  A9'


9(- 96A-
*A/
?D  M(R >/ (Z@(L7;(<R: 'R #Z$"%( E E E ( Z$ %$ >R7<('
7< /U:R /L(( Y>L97<4 ;>'(D
TD %& $>LL(M@><'7<4 R> RY7$( R5( ;7<7;U; ;4<7RU'( >/ R5(
$5<4( R> ( '(R($R(' >L R> R5( ;>MR :79(:[ ;4<7RU'( >/
R57M $5<4(D
SD  M@($70(' ;(< R7;( />L '(R($R7>< >L  M@($70(' ;(<
R7;( (RY((< /:M( :L;MD
/*=*-*9=*1/ ?D (R(L;7<( > . /L>; #Z$"%( E E E ( Z$ %$D
2 <' N
TD 5>>M( 3 R> ;((R (7R5(L R5( M@($70(' ;(< R7;( />L '(6
R($R7>< >L R5( M@($70(' ;(< R7;( (RY((< /:M( :L;M
/L>; APD?S3B >L APD?S1BD
= (
9.3- =*.
?D $EU7L( R5( <(Y 'R Z$7%D
TD >;@UR( 0$7% [ APD?S]B <'  $7% [ APD?T+BD
SD / 0$7% 2 3& 7MMU( < :L;& @L>X7'( < (MR7;R( >/ R5(
$5<4( >$$ULL(<$( R7;( 7 2 [ APD?T=B <' L(7<7R7:7M( R5(
'($7M7>< /U<$R7>< R> 4D
9@-=  M(EU(<$( >/ :L; R7;( 7<MR<RM 7 <' (MR7;R('
$5<4( >$$ULL(<$( R7;(M 7 2 & />L 7<$L(M7<4 R7;( 5>L7\><
7D

5( L(7<7R7:7MR7>< /R(L < :L; ::>YM ><( R> $5($9 Y5(R5(L R5( $5<4( 7< R5(
;(< @(LM7MRM M R7;( (:@M(MD >L( >< R57M 7MMU( Y7:: ( M7' Y5(< R5( :4>L7R5;
Y7:: ( UM(' />L /U:R '(R($R7>< @@:7$R7><MD

6#(" /+'2 )&$0+* !'  #' 1! &' (  2//#' /-2'


WFB ]<. 6WX] 7ii ,] XBKA.X KAF]]., >C >:O [O2+ ]<. 5FAAFe>C: .X]>B].X e.W. F$]>C.,
$  0A0
: J
 0A)A
.]]>C: $  - g>.A,X :   -A0O >:`W. [OI_ :>d.X ]<. B.C ,.].)]>FC ,.Ag C, ]<. B.C
]>B. $.]e..C 5AX. AWBX X  5`C)]>FC F5 ]<. ]<W.X<FA, 1+ )FBK`]., 5WFB L[OI^9M C, L[OI^7M
e.W. ]<. .X]>B]., dA`.X W. X`$X]>]`]., 5FW :$ + : C, J O <. ]<W.X<FA, 1  0 :>d.X C
.X]>B]., B.C ]>B. $.]e..C 5AX. AWBX AW:.W ]<C 0
e<>A. XX`W>C: C .X]>B]., B.C
,.].)]>FC ,.Ag AFe.W ]<C [ XBKA.XO >:`W. [OI^ :>d.X  hFFB F5 ]<. ,.)>X>FC 5`C)]>FC >C ]<.
_92 [O `A] ,>:CFX>X F5 )FC]>C`F`X=dW>$A. XgX].BX

d>)>C>]g F5 ]<. )<C:. ]>B. LCB.Ag ]>B. 00MO <. AWB e>AA $. >XX`., ] ]>B. 0+ e<>)<
)FWW.XKFC,X ]F  ,.].)]>FC ,.Ag F5 ]<W.. XBKA.X LF5 ]<. FW,.W F5 B:C>]`,. F5 ]<. .X]>B].,
FC.MO 

˲x ›

Ë n

x²x É

x Ë

{²x x

{ {

Ѳx Ñ

Ñ Ö
Ö²x ¥
Ö ç
Ö { Ë n ¥ç ¥Ö Ö { Ë n ¥ç ¥Ö
LM L$M
+ /+'2+ X]>B]., B.C ,.].)]>FC ,.Ag >C C`B$.W F5 XBKA.X+ X 
5`C)]>FC F5 1 LM C, B.C ]>B. $.]e..C 5AX. AWBX .fKW.XX., >C
B`A]>KA.X F5 0
XBKA.X X  5`C)]>FC F5 1 L$M

¥ç

ç
{›{ {›Ë {›n xçç xçÖ
+ /+'1+ FFB FC ]<. ,.)>X>FC 5`C)]>FC W.X`A]>C: 5WFB ]<. W.)`WX>d.
A:FW>]<B 5FW ]<. ,] F5 >:O [O2

<>R5(L >@R7>< L(4L'7<4 R5( $5>7$( >/ R AR5( X:U( >/ R5( @L;(R(L /R(L
$5<4(B $><M7MRM 7< L(@:$7<4 7R [ R5( ;>MR :79(:[ X:U( $>;@UR('  @>MR(L7>L7 /L>;
(Z@(L7;(<R: 'RD 57M :('M R> R5( 4(<(L:7M(' :79(:75>>' LR7> :4>L7R5; '(M$L7('
7< R5( <(ZR M($R7><D

8*A*=*1/ 1" =( '/8-*9 -*,-*(11 8=*1 -'18*=(.6 5( @L>:(; $< (
MRR(' 7<  M7;7:L Y[ M />L R5( >//6:7<( '(L7XR7>< >/ R5(  :4>L7R5; A$/D
[OZ ]F)<X]>) BF,.A 3 )<C:. ,.].)]>FC A:FW>]<BX _9D

L>:(; PD+B& (Z$(@R R5R R 7M U<9<>Y<D [ R5( M;( L(M><7<4 M >X(& R5( :>46
:79(:75>>' (RY((< 5[@>R5(M(M 2 <'  & Y7R5 < 5[@>R5(R7$: $5<4( R7;( 6& $<
( $>;@UR(' M
.
3 CF $Z$4%%
-. $R %   E APD?SPB
,-
CF $Z$4%%

>L  47X(< R7;( 7<MR<R 7& 7R 7M  /U<$R7>< >/ >R5 6& R5( $5<4( R7;(& <' R & R5( X:U(
>/ R5( @L;(R(L R /R(L R5( $5<4(D 5( MR<'L' MRR7MR7$: @@L>$5 R> (MR7;R(
APD?SPB 7M R> L(@:$( 6 <' R [ R5(7L ;Z7;U; :79(:75>>' (MR7;R(MD 5( :RR(L L(
>R7<(' [ M>:X7<4 R5( />::>Y7<4 '>U:( ;Z7;7MR7>< @L>:(;%


$72 ( R %  ) 3 3 - $R % ( .
APD?SOB
-. F

Y5(L( 7 2 '(<>R(M R5( (MR7;R( >/ R5( $5<4( R7;(D 5(   '($7M7>< /U<$R7>< R9(M
R5( />L;%
0$7%  3 3 -. $R %E APD?S+B
-. F

5( $><04ULR7>< <' R5( 7;@:(;(<RR7>< >/ R5( :4>L7R5; $< ( MU;;L7M(' M
/>::>YM%

-'18*=(. ;6:   +%/8(>&, 9+8 28,>8

*A/
?D  M(EU(<$( >/ 'R Z$"%( E E E ( Z$7% Y7R5 @L>7:7R[ '(<M7R[
/U<$R7>< CF $Z% '(@(<'7<4 >< R5( M$:L @L;(R(L RD
TD  R5L(M5>:' 3D
1.3@= 0$7% UM7<4 APD?SPB& APD?S+BD
* =1 ?D $$(@R 2 7/ 0$7% / 3D
TD $$(@R  7/ 0$7% 2 3D

#,! /+'' 5#&2& ' /2).&2&


>:FWF`XAg+ ]<. XgB$FA / $% N ! X<F`A, $. W.KA)., $g &. $% N ! Le<>)< :>d.X ]<.
7 7
A.X] `KK.W $F`C, F5 $% N ! e>]< W.XK.)] ]F N MO <. W.XFC >X ]<] ]<. Bf>B`B Bg FCAg
$. W.)<., e<.C N ].C,X ]F >C6C>]g >C K]<FAF:>)A )X.XO Fe.d.W+ 5FW .C:>C..W>C: K`WKFX.+
]<.W. >X CF ,>55.W.C). $.]e..C TBfU C, TX`KUY <.C). FCAg ]<. TBfU FK.W]>FC e>AA $. `X.,
<.W.O 

5( ;Z7;7MR7>< 7< APD?S+B 7M @(L/>L;(' >X(L :: @>MM7:( @MR R7;( 7<MR<RMD M
R7;( (:@M(M& R5( $><M7'(L(' R7;( M@< 7<$L(M(M Y57$5 7<'U$(M < 7<$L(M7<4 M(L$5
_7i [O `A] ,>:CFX>X F5 )FC]>C`F`X=dW>$A. XgX].BX

'ULR7>< />L 0<'7<4 R5( >@R7;U;D > X>7' R5R @L>:(;& R5( /U:R >$$ULL(<$( R7;(
7M L(MRL7$R(' R> R5( :MR  R7;( 7<MR<RM 7< @L$R7$(D 57M ;>U<RM R> MMU;7<4 R5R
R5( '(:[ />L '(R($R7>< 7M :>Y(L R5<  M> R5R /U:RM $< ( '(R($R(' 7<  M;@:7<4
@(L7>'M R ;>MRD 5( $RU: '($7M7>< /U<$R7>< >R7<(' /L>; APD?S+B 7M R5UM%
0$7%  3 3 -. $R %E APD?S=B
. $ -. F

6#(" /+'2 )&$0+* !'  #' 1! &' (  2//#' /-2'


C ]<>X KW]>)`AW )X.+ >] >X KFXX>$A. ]F 6C, C .fKA>)>] .fKW.XX>FC 5FW :
 4' 3!+ ]<. Bf>B`B
A>@.A><FF, .X]>B]. F5 : ] ]<. KW.X.C] ]>B. >CX]C] 4+ XX`B>C: ]<] ]<. 5`A] F))`WW., ]
]>B. >CX]C] 3O C,..,+ 5WFB L[OI__M+ $% : ! ]@.X ]<. 5FAAFe>C: 5FWB*
%  %
: , : $ 3 :$ # : 
$% : !  U 2! , L[OI9iM
J -
#$

C FW,.W ]F Bf>B>X. ]<>X .fKW.XX>FC e>]< W.XK.)] ]F : + FC. <X ]F ]@. ]<. ,.W>d]>d. F5
$% : ! e>]< W.XK.)] ]F : C, .Q`]. ]<] .fKW.XX>FC ]F h.WF*
%  %
@$% : !  3 :$ # :  4 , 3 #  : , : $ !
 U 2! , ,  0A L[OI9IM
@: J - - J
#$

Q`]>FC L[OI9IM g>.A,X*

 3
%

:
 4' 3!  U 2!A L[OI9_M
4,3#
#$

`$X]>]`]>C: ]<>X .fKW.XX>FC 5FW : >C L[OI9iM W.X`A]X+ 5].W X]W>:<]5FWeW, )FBK`]]>FCX+ >C*
 
  3
%

$% :
 4' 3!!  U 2! , :$ ! A L[OI9^M
-J 4 , 3 # 
#$

.C). ]<.   ,.)>X>FC 5`C)]>FC )C $. eW>]].C*


 
 
%
3
. 4!  / U 2! , :$ ! A L[OI99M
-J % $% 4,3#
#$

5  >X )).K]., >C ]<. $Fd.   A:FW>]<B+ ] ]<. AWB ]>B. 4 + ]<. .X]>B]., )<C:.
F))`WW.C). ]>B. >X :>d.C X*
%
 
3
$  % 
4 /

U 2! , :$ ! A  L[OI97M
-J %  $% 4 , 3 # 
#$

8.=8 =@/*/' "18 =( '/8-*9 -*,-*(11 8=*1 -'18*=(.6 < (Z@(L76
;(<R: @@L>$5 Y7:: ( $><M7'(L(' 5(L( R> '8UMR R5(M( @L;(R(LMD :R5>U45 R5(
;(R5>' 7M '(M$L7(' Y7R5 L(/(L(<$( R> Z;@:( PD?T& 7R $< ( 4(<(L:7M(' (M7:[
R> >R5(L R[@(M >/ $5<4(M R5< 8U;@M 7< R5( ;(< >/  UMM7< M(EU(<$(D 7LMR
[OZ ]F)<X]>) BF,.A 3 )<C:. ,.].)]>FC A:FW>]<BX _7I

 M5>U:' ( $5>M(< :L4(L >L (EU: R> R5( $$(@R:( '(R($R7>< '(: (ZR& R5(
R5L(M5>:' M5>U:' ( '(R(L;7<(' >< R5( M7M >/ 5(:R5[ <' /U:R[ @L>$(MM 'RD 
$>;@URR7>< >/ R5( '($7M7>< /U<$R7>< M(' ><  M(R >/ 5(:R5[ 'R ::>YM ><( R>
'(R(L;7<( R5( R[@7$: L<4( >/ X:U(M >/ R57M /U<$R7>< 7< R5( M(<$( >/ /U:R& <' R>
M(R R5( R5L(M5>:' 7< MU$5  Y[ R5R /:M( :L;M L( X>7'(' A>L R5( R7;( (RY((<
/:M( :L;M 7M $$(@R:(B D 57M $5>7$( $< R5(< ( X:7'R(' [ @L>$(MM7<4 'R
>R7<(' 7< /U:R[ Y>L97<4 ;>'(& <' $5($97<4 R5R '(R($R7>< 7M $57(X('D 5>U:'
(Z@(L7;(<R: 'R $>LL(M@><'7<4 R>  /U:R[ (5X7>UL <>R ( X7::(&  M7;U:R>L
$>U:' @>MM7:[ ( UM(' R> >R7< 'R R5R $>U:' ( UM(' M  MUMR7RUR(D < 7R(LR7X(
'8UMR;(<R >/ R5( 5>L7\><  <' R5( R5L(M5>:' 3 ;[ ( <(('(' R> >R7< R5( L745R
$>;@L>;7M( (RY((< /:M( :L; LR( <' '(R($R7>< '(: <'(('& R5( :>Y(L  & R5(
:>Y(L 3 5M R> ( $5>M(< 7< >L'(L R> $57(X( '(R($R7>< 7< R5( Y7<'>Y
7 4 '"( 7 D
($L(M7<4 R5( '(R($R7>< '(:[ R5UM 7<$L(M(M R5( /:M( :L; LR(D >L R5( (X:U6
R7>< >/ R5(   '($7M7>< /U<$R7>< APD?33B L(EU7L(' 7< R5( >X( @L>$('UL(& (;@7L7$:
(MR7;R(M > . M5>U:' ( MUMR7RUR(' />L >2 <' N . D
2 <' N

*/*=*-*E=*1/6 47< R5( @LR7$U:L $M( >/  $5<4( 7< R5( ;(< >/  UMM7<
M(EU(<$( 7M $><M7'(L(' 5(L(D 5( L(7<7R7:7MR7>< ::>YM ><( R> '(R($R  <(Y $5<4(
7< R5( ;(<D 5( ;(< X:U( >/ R5( 'R /R(L $5<4( 7M R5UM $><M7'(L(' M R5( <(Y
X:U( >/ >2 D 57M L(7<7R7:7MR7>< $>U:' UM( > $7 ( 7 2 % M < (MR7;R( >/ R5( ;(<
/R(L R5( $5<4( >$$ULL('D >Y(X(L& 7/ R5( '(:[ />L '(R($R7>< 7M M5>LR A><( >L  /(Y
M;@:(MB& X(L[ /(Y 'R L( UM(' R> $>;@UR( > $7 ( 7 2 %& <' R57M (MR7;R( >/ R5(
;(< ;745R ( @>>L Y5(< R5( <>7M( >< R5( 'R 7M M74<70$<RD R 7M R5( L(M>< Y5[
R5( L(7<7R7:7MR7>< 7M M(' ><  'R M(R >/ 0Z(' :(<4R5 >R7<(' [ $>::($R7<4 ''76
R7><: 'RD (L( R5( :(<4R5 >/ R5( 'R M(R 7M $5>M(< (EU: R>  & UR < ''7R7><:
@L;(R(L '7//(L(<R /L>;  ;745R ( 7<RL>'U$('D R M5>U:' ( '(R(L;7<(' 7< MU$5 
Y[ R5R  L(:7:( (MR7;R( >/ R5( ;(< /R(L $5<4( 7M >R7<('D >L( >< R57M $<
( />U<' 7< R5( @@(<'7Z >< L<'>; XL7:(M <' MR>$5MR7$ @L>$(MM(M& Y5(L( R5(
MRR7MR7$M >/ R5( (;@7L7$: ;(< 7M MRU'7('D
7R5 R57M 7< ;7<'& R5( 4:>:   :4>L7R5; R> '(R($R  $5<4( 7< R5( ;(< >/ 
UMM7< M(EU(<$( $< ( MU;;L7M(' M />::>YMD
_7_ [O `A] ,>:CFX>X F5 )FC]>C`F`X=dW>$A. XgX].BX

-'18*=(. ;6   +%/8(>&, >/ >> - 9>(,> &-%9 (- >& ,- / 


A99(- 96A-

*A/
?D  M(R >/ 'R #Z2 $"%( E E E ( Z2 $2 %$ U<'(L 5[@>R5(M7M 2
<'  M(R #Z $"%( E E E ( Z $ %$ U<'(L 5[@>R5(M7M  D
TD < $$(@R:( ;Z7;U; '(R($R7>< '(:
/*=*-*9=*1/
?D 5>>M(  :L4(L R5< >L (EU: R> R5( ;Z7;U; '(R($R7><
'(:
TD (R(L;7<( > . /L>; #Z2 $"%( E E E ( Z2 $2 %$D
2 <' N
SD >;@UR( R5( '($7M7>< /U<$R7>< 0$4%( 4   ' "( E E E ( 2
/>L R5( 'R M(R #Z2 $"%( E E E ( Z2 $2 %$ [ UM6
7<4 APD?33B <' $5>>M( R5( R5L(M5>:' 3 M> R5R
0$4% ; 3( 4   ' "( E E E ( 2 D
3D >;@UR( R5( '($7M7>< /U<$R7><
0$4%( 4   ' "( E E E (  />L R5( 'R M(R
#Z $"%( E E E ( Z $ %$ [ APD?33B <' R5( (MR7;R('
$5<4( ;4<7RU'( [ APD?3TBD 5($9 R5R R5( /U:R 7M
'(R($R(' <' R5R R5( '(:[ />L '(R($R7>< 7M $$(@R:( />L
R5( (MR7;R(' $5<4( ;4<7RU'(D
1D >MM7:[ 7R(LR( >< R5( $5>7$( >/  <' 3D
PD $EU7L(  4 " 'R M;@:(MD
= (
9.3-*/' =*.
?D $EU7L( R5( <(Y 'R Z$7%D
TD >;@UR( 0$7% /L>; APD?33BD
SD / 0$7% 2 3 & 4(<(LR( < :L;N @L>X7'( R5( :L; R7;(
7<MR<R 7  7 & R5( (MR7;R( >/ R5( $5<4( >$$ULL(<$(
R7;( 7 2 [ APD?31B N <' $>;@UR( >
$7 ( 7 2 % [ APD?3TBD
*/*=*-*9=*1/
?D >::($R  M(R >/  'R /L>; R7;( 7 2 R> 7 2 '  4 "D
TD >;@UR( R5( <(Y X:U( >/ > 2 /L>; R5(M( 'RD
SD (MRLR R5( ><6:7<( :4>L7R5; /L>; 7  7 2 '  ><YL'M
AMR(@ ?BD
9@-=  M(EU(<$( >/ :L; R7;( 7<MR<RM 7 & (MR7;R(' $5<4(
>$$ULL(<$( R7;(M 7 2 <' ;(< M74<: X:U(M >
$7 ( 7 2 %&
/>L 7<$L(M7<4 R7;( 5>L7\>< 7D
[OZ ]F)<X]>) BF,.A 3 )<C:. ,.].)]>FC A:FW>]<BX _7^

6#(" /+'2 )&$0+* !'  #' 1! &' (  2//#' /-2'


FCX>,.W :>C ]<. ,] F5 >:O [O2O .] ]<. X.] U !' A A A ' U $ ! $. B,. F5 ]<. 6WX] 00
XBKA.X e<>A. U !' A A A ' U  ! )FCX>X]X F5 XBKA.X 00 ]F 000O C. :.]X+ X $.5FW.+
$  0A0+ J
:  0AO >:`W. [OI9 LA.5]M :>d.X ]<. dA`. F5 ]<.   ,.)>X>FC 5`C)=
]>FC F$]>C., $g KWF).XX>C: ]<. X.Q`.C). U !' A A A ' U $ ! e>]<  e>C,Fe  F5 A.C:]< 0
XBKA.XO  ]<W.X<FA, $Fd.  KK.WX ]F $. X`>]$A. >C ]<>X )X.O .C).+ 1 >X X.] ]F -0O `C=
C>C: ]<. A:FW>]<B FC ]<. X.] U !' A A A ' U  !+ FC. F$X.Wd.X ]<] C AWB >X :.C.W]., ]
]>B. 0 L>:O [OI9 LW>:<]MMO <. .X]>B]. F5 ]<. )<C:. B:C>]`,. >X -A)+ C, ]<. .X]>B].
F5 ]<. )<C:. F))`WW.C). ]>B. >X 0++ e<>A. ]<. )]`A )<C:. F))`WW., ] ]<. 0 25 XBKA.
>C ]<] X.]O `. ]F ]<. CF>X. FC ]<. X>:CA+ ]<. .X]>B]. F5 ]<. )<C:. B:C>]`,. >X >C .WWFW $g
+0"O <>X )F`A, $. KW]Ag AA.d>]., $g >C)W.X>C: ]<. ]<W.X<FA,+ XF ]<] BFW. ,] W. `X.,
]F .X]>B]. ]<. 5`A] B:C>]`,.Y ]<>X eF`A, >C)W.X. ]<. ,.].)]>FC ,.Ag <Fe.d.WO 

¥x Öx

Öç

¥ç

¥x

¥ç

ç ç
ç xç ¥çç ¥xç Öçç Öxç Ñçç Ñxç {çç {xç xçç ç Öç {ç Ëç nç ¥çç ¥Öç

LM L$M
+ /+'+ eF   ,.)>X>FC 5`C)]>FCX

;6:6> 7@/=*- (/' ==*1/ =( A=18 9

5( @L(X7>UM '7M$UMM7>< '(:R Y7R5 '(R($R7>< >/ $5<4(M 7<  M$:L M74<:D < R5(
/U:R '(R($R7>< @@:7$R7><M& R5( M74<: R> ( @L>$(MM(' 7M 7MMU(' [  L(M7'U: 4(<(L6
R>L& <' 7R 7M 4(<(L::[  X($R>L M74<:D 5( $>;7<(' 7</>L;R7>< $>;@L7M(' 7< R57M
X($R>L M5>U:' ( $><M7'(L(' 7< >UL :4>L7R5;D 7<$( /U:R '(R($R7>< Y7:: ( L('U$('
R> R5( '(R($R7>< >/ $5<4(M 7< R5( ;(< >/  UMM7< X($R>L M(EU(<$(& R5( M>:UR7><
R> R5( />::>Y7<4 @L>:(; Y7:: ( <(('('D
81-. ;60 4==*1/ 1"  (/' */ =( ./ 1"  @99*/ A=18 97@/5
/-9(8  96A- / ?M '(,-9(/-+ 8-/, C>/89 ;$"%( E E E ( ;$7% >&> 8
(-2--> - (9>8(A> 9 $.( % D&8  (9 *-/D- 9 D++ 9 >& -/,(-+
C+A /8 . .2 5 &//9 >D- >& /++/D(-% >D/ &F2/>&99
2 
$Z$4%%  $.2 ( %( 4  "( E E E ( 7
  8/, >(, (-9>-> " A2 >/ - A-*-/D- >(, (-9>-> 72  Z$4% 4  "(E E E (72 4 "
(9 (9>8(A> 9
_79 [O `A] ,>:CFX>X F5 )FC]>C`F`X=dW>$A. XgX].BX


$;$4%%  $.2 ( % APD?3PB
D&(+ /8 >(, (-9>->9 4 , 72 

$;$4%%  $. ( % APD?3OB
D(>& . 6 .2 5
9( >>(-% >& 2/99(+ &-% (- >& ,- /- 9&/A+ +9/ 9>(,> (>9 >(,
/ /A88- - 2/99(+F (>9 ,%-(>A5

5(< . 7M 9<>Y<& R5( '(R($R7>< :4>L7R5; 7M  '7L($R 4(<(L:7MR7>< >/ R5(


 :4>L7R5;D < R5( M($><' M7RUR7>< Y57$5 7M $><M7'(L(' 7< R57M @L4L@5&
R5( $5<4( 7< . 5M 9<>Y< '7L($R7>< UR U<9<>Y< ;4<7RU'(D 57M [7(:'M   
:4>L7R5;D 7<::[& R5( M7RUR7><& Y5(L( . 7M L(@:$(' [  '[<;7$: @L>0:( >/
$5<4( Y7:: ( $><M7'(L('& M R57M 7M  L(MU:R <(('(' R  :R(L MR4(D

. ,/1B/ )  -'18*=(.6 [ UM7<4 R5( (Z@L(MM7>< >/ R5( @L>7:7R[ '(<M7R[
/U<$R7>< >/  ?6'7;(<M7><: UMM7< X($R>L ; Y7R5 ;(< . <' XL7<$( 
! (
" "
C. $;%  / 3# 4 $; 4 .%  $; 4 .% ( APD?3+B
$1H%4 )+P 1
R5( />::>Y7<4 (Z@L(MM7>< 7M >R7<(' />L R5( :>46:79(:75>>' LR7> MM>$7R(' R> R5(
>X( @L>:(;D
C. $;$7%%
M$;$7%%  
C. $;$7%%
"  " 
 4 $;$7% 4 . %  $;$7% 4 . % ' $;$7% 4 .2 %  $;$7% 4 .2 %
1 ! 1(
  "
 $. 4 .2 %  ;$7% 4 $.2 ' . % APD?3=B
1
57M :>4:79(:75>>' LR7> 7M M$:L& M> R5( L($ULM7X( $>;@URR7>< >/ R5(  '($76
M7>< /U<$R7>< $< ( @(L/>L;(' 7<  M7;7:L Y[ M />L R5( M$:L $M( A$/D APD?TOBB
0$7%  3$4( 0$7 4 "% ' M$;$7%%%E APD?1]B
5( :L; >L MR>@@7<4 R7;(& 7 & 7M R5( M;::(MR R7;( 7<MR<R R Y57$5 0$7% $L>MM(M 
47X(< R5L(M5>:'D

/1B/ *8=*1/ 1" (/' )   -'18*=(.6 (R . ( >/ R5( />L;


.  .2 '  @(
Y5(L(  7M  9<>Y< X($R>L& <' @ 7M < U<9<>Y< M$:L $5<4( ;4<7RU'(D UMR7RUR6
7<4 R57M (Z@L(MM7>< />L . 7< APD?3=B ::>YM ><( R> '('U$( R5( />::>Y7<4 (Z@L(MM7><
>/ R5( $U;U:R7X( MU; -. $@%& Y5(L( 6 '(<>R(M < 5[@>R5(R7$: X:U( >/ R5( $5<4(
R7;( 72 &
[OZ ]F)<X]>) BF,.A 3 )<C:. ,.].)]>FC A:FW>]<BX _77

. C.
3 $  5 $;$4%%
-. $@%   
APD?1?B
,-
C. $;$4%%
. !
3 (
"
 @   $;$4% 4 .2 % 4 @ .     E
,-
1

9 "5#
EUR7<4 95 R> \(L> [7(:'M
3.
D-. $@%
    $;$4% 4 .2 % 4 $7 4 6 ' "%     @
D@ ,-
 %
 $7 4 6 ' "%      . 4 .2 4 $7 4 6 ' "%     @ APD?1TB
-

 4
.
3
. 
Y7R5  ;$4%D
- .-$
,-
(<$(& R5( ;Z7;U; :79(:75>>' (MR7;R( >/ @ R R7;( 7& MMU;7<4 R5( /U:R >$6
$ULL(' R R7;( 6 7M >R7<(' /L>; APD?1TB M
.
 4 .2 %
    $ -
@ $7( 6%  E APD?1SB
   
UMR7RUR7<4 APD?1SB />L @ 7<R> APD?1?B 0<::[ [7(:'M R5(   '($7M7>< /U<$R7>< 7<
 M7;7:L Y[ M APD?33B YM '('U$(' /L>; APD?3TB <' APD?3SB
0$7%  3 -. $
@ $7( 6%% 
3 $7 4 6 ' "% 8
. $ -. . $ -.
!  % " (
   . .  
8 @ $7( 6%    - 4 .2 4 @ $7( 6%    E
1
5( (MR7;R(' /U:R >$$ULL(<$( R7;( U@>< $$(@R<$( >/ 5[@>R5(M7M  R R7;( 7<6
MR<R 7 7M 47X(< M
7 2  )# 3 $7 4 6 ' "% 8
.  $ -.
!  % " (
   . .  
8 @ $7 ( 6%   - 4 .2 4 @ $7 ( 6%    $E
1

/1B/ D/.*- 381#- 1" (/' )  -'18*=(.6 5(L( 7M  <((' R>
4(<(L:7M( R5( @L(X7>UM L(MU:R [ L(@:$7<4  @ [  R7;(6XL[7<4 $5<4( '7L($R7><&
M R57M 7M @L($7M(:[ R5( M7RUR7>< Y57$5 7M (<$>U<R(L(' Y5(< '(R($R7<4 ''7R7X( /U:RM
7< :7<(L M[MR(;MD 57M :('M R> R5( />::>Y7<4 ;>'70(' X(LM7>< >/ L>:(; PD=D
81-. ;62F 4(/' ==*1/ ,/1B/ D/.*- 381#- 1" (/'5
/-9(8  96A- / ?M '(,-9(/-+ 8-/, C>/89 ;$"%( E E E ( ;$7% >&> 8
(-2--> - (9>8(A> 9 $.( % D&8  (9 *-/D- 9 D++ 9 >& -/,(-+
C+A /8 . .2 5 &//9 >D- >& /++/D(-% >D/ &F2/>&99
_7[ [O `A] ,>:CFX>X F5 )FC]>C`F`X=dW>$A. XgX].BX

2 
$Z$4%%  $.2 ( % 4  "( E E E ( 7
  8/, >(, (-9>-> " A2 >/ - A-*-/D- >(, (-9>-> 72  Z$4% 4  "( E E E ( 724"
(9 (9>8(A> 9

$;$4%%  $.2 ( % APD?13B
D&(+ /8 >(, (-9>->9 4 , 72 

$;$4%%  $.2 ' 3$4 4 72 %( %( APD?11B
D&8 3$4 4 72 % (9  *-/D- C>/8 28/!+ D&(& (9 -/-'G8/ /-+F /8 4 , 72 5
9( >>(-% >& 2/99(+ &-% (- >& ,- /- 9&/A+ +9/ 9>(,> (>9
>(, / /A88-5
5( $U;U:R7X( MU; />L R57M @L>:(; M(RR7<4& Y7R5 6 M < 5[@>R5(R7$: X:U( />L
72 & 7M 47X(< M
.
3 C. $ 3",-# $;$4%%
-.  
,-
C. $;$4%%

3. ! (
"
 4 $;$4% 4 .2 4 3$4 4 6%%  $;$4% 4 .2 4 3$4 4 6%% '
,-
1
.
"3
' $;$4% 4 .2 %  $;$4% 4 .2 %
1 ,-
.
3 .
"3
 3$4 4 6%  $;$4% 4 .2 % 4 3$4 4 6%  3$4 4 6%
,-
1 ,-
APD?1PB
<' R5( '($7M7>< /U<$R7><& >R7<(' 7<  M7;7:L Y[ M />L R5( M$:L $M(& 7M 47X(<
M A$/D APD?T1BB
0$7%  3 -.
-.

Y7R5 -. M 7< APD?1PBD


57M :4>L7R5; $< ( YL7RR(< 7<  L($ULM7X( />L; A"1#& @@D T+S6T+3B%
0$7%  3$4( $7%% APD?1OB
 $7%   $7 4 "% " (". #*2 '" APD?1+B
$7%  $7 4 "% " (". #*2 ' 3$ $7% 4 "%  $;$7% 4 .2 % 4
 
44E3$ $7% 4 "%  3 $ $7% 4 "%E APD?1=B
 $7% 7M R5UM R5( <U;(L >/ >M(LXR7><M /R(L R5( :MR R7;( 7<MR<R />L Y57$5 R5(
'($7M7>< /U<$R7>< 0 YM <U::D >R7$( R5R R57M :4>L7R5; L(EU7L(M R5( 5[@>R5(M7M
3$4% 6 4& Y57$5 7M 7<$:U'(' 7< R5( @L>:(; MRR(;(<R& >R5(LY7M( R5( '($7M7>< /U<$6
R7>< Y>U:' :Y L(;7< (EU: R> \(L>D
[OZ ]F)<X]>) BF,.A 3 )<C:. ,.].)]>FC A:FW>]<BX _7Z

6#(" /+' 1 5!##1#'  6'&#% ).(% ( !' 


<. >B F5 ]<>X .fBKA. >X ]F >AA`X]W]. ]<. ]gK. F5 d.)]FW X>:CA FC e<>)< ]<. $Fd. A:FW>]<B
)C $. KKA>.,O FCX>,.W  d.)]FW X>:CA B,. F5 ]eF )FBKFC.C]X+ U  C, U O `KKFX. ]<]
]<. ,gCB>)A KWF6A. F5 ]<. )<C:. >C U LU M )C $. BF,.AA., X ]<. X].K W.XKFCX. ]F  6WX]
$.
.
FW,.W XgX].B e>]< ]WCX5.W 5`C)]>FC =$.
L =$. MO C F]<.W eFW,X+ ]<. X.Q`.C). U$ 2!' 2 
' -' A A A ' 3  ' -' ]@.X ]<. 5FWB
U$ 2!  U$$ 2! # H2$ 2 , 4$ ! # % ' L[OI[iM
e<.W.
 U$ 2!!   U $ 2!! 
0' 0A0-!'
<FA, C, H2$ 8!+ e<>)< >X ]$`A]., $.AFe 5FW 8  0' A A A ' + 3  ' -+ W. ]<. X].K W.XKFCX.X
$.
.
L<.C). ]<. >C,.f IM XXF)>]., ]F =$.
C, =$. O >:`W. [OI7 :>d.X  W.A>X]>FC F5 ]<.
X.Q`.C). L[OI[iM 5FW 4$  -0O 

Ö²x

¥²x

ç²x

–ç²x
ç ¥ç Öç Ñç {ç
+ /+'+ .A>X]>FC F5 ]<. d.)]FW X.Q`.C). L[OI[iM

5( MU@(L7;@>M7R7>< >/ R5( '(R(L;7<7MR7$ MR(@ L(M@><M( <' R5( MR>$5MR7$ M(6
EU(<$( 7M $:(L:[ X7M7:(D > @@:[ :4>L7R5; APD?1OB6APD?1=B R> '(R($R R5( $5<4(
7< R5( M(EU(<$(& ><( M5>U:' R9( L- $<%  LA"- $< ' "%& <  4( "( 1 E E E& 6  "( 1 7<
>L'(L R> MMUL( R5R 3$4% ( <><\(L>D
_72 [O `A] ,>:CFX>X F5 )FC]>C`F`X=dW>$A. XgX].BX

- ;6> 7LMR ?] X:U(M >/ R5( '[<;7$: @L>0:( >/ R5( $5<4(
< LA" LA".
] ] ]
? ]D1]]] ?D3]]]
T ]DO1]] ?D+T]]
S ]D+O1] ?D=3P]
3 ]D=SO1 ?D=+S+
1 ]D=P++ ?D==1?
P ]D=+33 ?D==+1
O ]D==TT ?D===P
+ ]D==P? ?D====
= ]D==+] TD]]]]

/1B/ D/.*- 381#- 1" (/' @3 =1 / @/,/1B/ 1/9=/= )   -'1)


8*=(.6 (R  ;>L( 4(<(L: M7RUR7>< >$$ULM Y5(< R5( />L; >/ R5( '[<;7$: @L>0:(
>/ $5<4( 7M 9<>Y<& UR 7RM ;4<7RU'( 7M <>R 9<>Y<D
81-. ;622 4(/' ==*1/ ,/1B/ D/.*- 381#- 1" (/' @3 =1 /
@/,/1B/ 1/9=/=5
/-9(8  96A- / ?M '(,-9(/-+ 8-/, C>/89 ;$"%( E E E ( ;$7% >&> 8
(-2--> - (9>8(A> 9 $.( % D&8  (9 *-/D- 9 D++ 9 >& -/,(-+
C+A /8 . .2 5 &//9 >D- >& /++/D(-% >D/ &F2/>&99
2 
$Z$4%%  $.2 ( % 4  "( E E E ( 7
  8/, >(, (-9>-> " A2 >/ - A-*-/D- >(, (-9>-> 72  Z$4%(
4  "( E E E ( 72 4 " (9 (9>8(A> 9

$;$4%%  $.2 ( % APD?P?B
D&(+ /8 >(, (-9>->9 4 , 72
0 $4 4 72 %@( %(

$;$4%%  $.2 ' 3 APD?PTB
D&8 30 $4 4 72 % (9  *-/D- C>/8 28/!+ D&(& (9 -/-'G8/ /-+F /8 4 , 72 
72 (9 - A-*-/D- >(, (-9>-> - @ (9 - A-*-/D- 9+85
9( >>(-% >& 2/99(+ &-% (- >& ,- /- 9&/A+ +9/ 9>(,> (>9
>(, / /A88- - (>9 ,%-(>A @5
5( $U;U:R7X( MU; />L R57M @L>:(; M(RR7<4& Y7R5 6 M < 5[@>R5(R7$: X:U( />L
72 & 7M 47X(< M
.
3 C. - ",-#5 $;$4%%
$3
-. $@%   

,-
C. $;$4%%
[OZ ]F)<X]>) BF,.A 3 )<C:. ,.].)]>FC A:FW>]<BX _7D

.
3 .
@. 3
 @ 0 $4 4 6%  $;$4% 4 .2 % 4
3 0 $4 4 6%  3
3 0 $4 4 6%E
,-
1 ,-
APD?PSB
7;7:L $>;@URR7><M M />L R5( $M( >/  $><MR<R '7L($R7>< >/ R5( @L;(R(L $5<4(
[7(:' R5( />::>Y7<4 ;Z7;U; :79(:75>>' (MR7;R( >/ @ R R7;( 7& MMU;7<4 R5( /U:R
>$$ULL(' R R7;( 6&
.
3
0 $4 4 6%  $;$4% 4 .2 %
3
,-
@ $7( 6%  .
APD?P3B
3
 
0 $4 4 6% 
3 0 $4 4 6%
3
,-

<'
0$7%  3 3 -. $@%
. $ -. 5
.
3
 3 #
@ $7( 6% 0 $4 4 6%  $;$4% 4 .2 %
3
. $ -.
,-
.
@ $7( 6%. 3
4 0 $4 4 6%  3
3 0 $4 4 6%$E APD?P1B
1 ,-

5( (MR7;R(' /U:R >$$ULL(<$( R7;( U@>< $$(@R<$( >/ 5[@>R5(M7M  R R7;(
7<MR<R 7 7M 47X(< M

3.
7 2  ) 3 @ $7 ( 6% 0 $4 4 6%  $;$4% 4 .2 % 4
3

.  $ -.
,-

.
@ $7 ( 6%. 3 
4 0 $4 4 6%  3
3 0 $4 4 6% E APD?PPB
1 
,-

8.=8 9==*/' "18 =(  -'18*=(.6 >L R5(  :4>L7R5; MM>6
$7R(' R>  9<>Y< X($R>L . & R5( (Z@L(MM7><M >/ R5(  /U<$R7>< APD?SSB L(;7<M
X:7' 7< R5( X($R>L $M(D R MU/0$(M R> L(@:$( >A <' NA [%
$. 4 .2 %  $. 4 .2 %
>A  9
1
NA.  $. 4 .2 %  $. 4 .2 %(
Y5(L( R5( @:UM >L R5( ;7<UM M74< L( $5>M(< $$>L'7<4 R> R5( X:U( >/ .& R5( (Z@($R('
X:U( >/ ;$4% A$/D (;L9 PD+BD 5( ;(< R7;( />L '(R($R7>< <' R5( ;(< R7;(
(RY((< /:M( :L;M $< L(M@($R7X(:[ ( (MR7;R(' M
_[i [O `A] ,>:CFX>X F5 )FC]>C`F`X=dW>$A. XgX].BX

!  ( ! (
$. 4 .2 %  $. 4 .2 % "  
Q     "  " ( APD?POB
1 1
Y5(L( "  . 4 .2
!   (
4 $. 4 .2 %  $. 4 .2 % E
    APD?P+B
1
< >L'(L R> (X:UR( R5( >X( (Z@L(MM7><M& 47X(<  M(R >/ (Z@(L7;(<R: 'R L($>L'('
7< /U:R /L(( $><'7R7>< <'  $5<4( ;4<7RU'( "& R5( (;@7L7$: ;(< <' XL7<$(M
2 <' 
. M5>U:' ( MUMR7RUR(' />L . <' D 5(M( (;@7L7$: (MR7;R(M M5>U:'
2
:M> ( UM(' />L R5( 7;@:(;(<RR7>< >/ APD?3=B6APD?1]BD
5( :4>L7R5; />L R5( X($R>L @L;(R(L $M( 7M R5UM M7;7:L R> R5( M$:L $M(&
<;(:[

-'18*=(. ;60  +%/8(>&, /8 A99(- C>/8 96A- 9>2'+(* &-%


3> *-/D-4

*A/
?D  M(R >/ (Z@(L7;(<R: 'R #;$"%( E E E ( ;$ %$ >R7<(' 7< /U:R
/L(( Y>L97<4 ;>'(D
TD "& $>LL(M@><'7<4 R> RY7$( R5( ;7<7;U; ;4<7RU'( >/ R5(
$5<4( R> ( '(R($R(' >L R> R5( ;>MR :79(:[ ;4<7RU'( >/ R57M
$5<4(D
SD  M@($70(' ;(< R7;( />L '(R($R7>< >L  M@($70(' ;(< R7;(
(RY((< /:M( :L;MD
/*=*-*9=*1/
?D (R(L;7<( . /L>; #;$"%( E E E ( ;$ %$D
2 <' 
TD 5>>M( 3 R> ;((R (7R5(L R5( M@($70(' ;(< R7;( />L '(R($R7><
>L R5( M@($70(' ;(< R7;( (RY((< /:M( :L;M /L>; APD?POB >L
APD?P+BD
= (
9.3- =*.
?D $EU7L( R5( <(Y 'R X($R>L ;$7%D
TD >;@UR( 0$7% [ APD?1]BD
SD / 0$7% 2 3& 7MMU( < :L; <' L(7<7R7:7M( R5( '($7M7>< /U<$6
R7>< R> 4D
9@-=  M(EU(<$( >/ :L; R7;( 7<MR<RM 7 <' (MR7;R(' $5<4( >$6
$ULL(<$( R7;(M 7 2 & />L 7<$L(M7<4 R7;( 5>L7\>< 7D
[OZ ]F)<X]>) BF,.A 3 )<C:. ,.].)]>FC A:FW>]<BX _[I

5(< R5( '[<;7$: @L>0:( >/ R5( $5<4( 7M $$>U<R(' />L AM 7< APD?11BB& R5( MRU'[
>/ R5( @L>@(LR7(M >/ R5( :4>L7R5; MU$5 M ;(< '(:[ />L '(R($R7>< <' ;(< R7;(
(RY((< /:M( :L;M ($>;(M ;U$5 ;>L( '7/0$U:RD 5( '7/0$U:R[ MR(;M /L>; R5(
/$R R5R R5( 7<$L(;(<RM 7< R5( $U;U:R7X( MU; >/ :>46:79(:75>>' LR7>M L( <>R 7'(<6
R7$::[ '7MRL7UR('D 5(L(/>L(& < (Z@(L7;(<R: @@L>$5 />L M(RR7<4 R5( '(M74< @6
L;(R(LM 7M @L>@>M(' 7< R5( :4>L7R5; (:>YD

-'18*=(. ;62F  +%/8(>&, /8 A99(- C>/8 96A- *-/D- F-,('


+ 28/!+ / &-%

*A/
?D  M(R >/ 'R #; 2 $"%( E E E ( ; 2 $2 %$ U<'(L 5[@>R5(M7M 2
<'  M(R #; $"%( E E E ( ; $ %$ U<'(L 5[@>R5(M7M  D
TD  '[<;7$: @L>0:( >/ $5<4( 3$4% 6 4( 4 , 4D
/*=*-*9=*1/
?D (R(L;7<( . 2 <'  /L>; #; 2 $"%( E E E ( ; 2 $2 %$D
TD >;@UR( R5( '($7M7>< /U<$R7>< 0$4%( 4  "( E E E ( 2 />L R5(
'R M(R #; 2 $"%( E E E ( ; 2 $2 %$ [ APD?1OB , APD?1=B <'
$5>>M( R5( R5L(M5>:' 3 M> R5R
0$4% ; 3( 4  "( E E E ( 2 D
3D >;@UR( R5( '($7M7>< /U<$R7>< 0$4%( 4  "( E E E (  />L R5(
'R M(R #; $"%( E E E ( ; $ %$ [ APD?1OB , APD?1=BN $5($9
R5R R5( /U:R 7M '(R($R(' <' R5R R5( '(:[ />L '(R($R7>< 7M
$$(@R:(D
PD >MM7:[ 7R(LR( >< R5( $5>7$( >/ 3D
= (
9.3-*/' =*.
?D $EU7L( R5( <(Y 'R ;$7%D
TD >;@UR( 0$7% /L>; APD?1OB , APD?1=BD
SD / 0$7% 2 3& 4(<(LR( < :L; [ M(RR7<4 7  7 &
<' @L>X7'( < (MR7;R( >/ R5( $5<4( >$$ULL(<$( R7;( M
7 4  $7 % [ APD?1+BD
*/*=*-*9=*1/
?D (M(R 0$7 %&  $7 %& <' $7 % R> \(L> 7< APD?1OB , APD?1=BD
TD (MRLR R5( L($ULM7X( :4>L7R5; Y7R5 AMR(@ ?BD
9@-=  M(EU(<$( >/ :L; R7;( 7<MR<RM 7 <' (MR7;R(' /U:R >$6
$ULL(<$( R7;(M 7 2 & />L 7<$L(M7<4 R7;( 5>L7\>< 7D

#,! /+'2 #'#1#%#/1#(' ).(2.


<. W.>C>]>A>X]>FC Bg ,.K.C, FC e<] FC. e>X<.X ]F ,.].)]O .W. >] >X XX`B., ]<] FC.
e>X<.X ]F )<.)@ e<.]<.W ]<. F$X.Wd., )<C:. W.B>CX KW.X.C]O g W.>C>]>A>X>C: ]<. A:FW>]<B
_[_ [O `A] ,>:CFX>X F5 )FC]>C`F`X=dW>$A. XgX].BX

X KWFKFX.,+ W.K.]., AWBX e>AA F))`W X AFC: X ]<. )<C:. >X KW.X.C] >C ]<. X>:CAO CF]<.W
FK]>FC 5FW W.>C>]>A>X]>FC >X ]F )<C:. ]<. X>:C F5 ]<. AF:A>@.A><FF, W]>F e<>)< BF`C]X ]F
)<C:>C: ]<. X>:C F5 ]<. AX] ]eF ].WBX >C L[OI7DM C, ]F W.X.] AA dW>$A.X ]F h.WF X >C,>)].,
>X X].K I F5 ]<. W.>C>]>A>X]>FCO C ]<>X eg  W.]`WC ]F CFWBA e>AA :.C.W]. C AWBO
<. KWFKFX., W.>C>]>A>X]>FC KFA>)>.X W.Q`>W. ]<] ]<. ,gCB>)A KWF6A. F5 )<C:. ,F.X CF]
XgBK]F]>)AAg dC>X<O <F`A, ]<>X CF] <FA,+ FC. X<F`A, W.XFW] ]F    A:FW>]<B X >AA`X=
]W]., >C ]<. X<>K .fBKA. >C .)]>FC [O2O9 

< (Z;@:( >/ @@:7$R7>< >/ R57M :4>L7R5; 7< R5( /L;(Y>L9 >/  /U:R '(R($R7><
M[MR(; 7M 47X(< 7< ($R7>< PD+DTD
  +%/8(>&, (L( :M> < (Z@(L7;(<R: @@L>$5 7M UM(' R> M(R R5( '(M74< @6
L;(R(LMD 5( :4>L7R5; 7M ><:[ @L(M(<R(' />L  $5<4( $5L$R(L7M(' [  '[<;7$:
@L>0:( Y7R5 U<9<>Y< ;4<7RU'(D

-'18*=(. ;622   +%/8(>&, *-/D- F-,(+ 28/!+ A> A-*-/D- &-%


,%-(>A
*A/
?D  M(R >/ 'R #; 2 $"%( E E E ( ; 2 $2 %$ U<'(L 5[@>R5(M7M 2 <'
 M(R #; $"%( E E E ( ; $ %$ U<'(L 5[@>R5(M7M  D
TD 0 $4%( 4 , 4D
 '[<;7$: @L>0:( >/ $5<4( 3
/*=*-*9=*1/
?D 5>>M(  :L4(L R5< >L (EU: R> :L4(MR ';7MM7:( '(R($R7><
'(:
TD (R(L;7<( . /L>; #; 2 $"%( E E E ( ; 2 $2 %$D
2 <' 
SD >;@UR( R5( '($7M7>< /U<$R7>< 0$4%( 4   ' "( E E E ( 2 />L
R5( 'R M(R #; 2 $"%( E E E ( ; 2 $2 %$ [ APD?P3B& APD?P1BB& <'
$5>>M( R5( R5L(M5>:' 3 M> R5R 0$4% ; 3( 4   ' "( E E E ( 2 D
3D >;@UR( R5( '($7M7>< /U<$R7>< 0$4%( 4   ' "( E E E (  />L
R5( 'R M(R #; $"%( E E E ( ; $ %$ [ APD?P1B <' R5( (MR76
;R(' $5<4( ;4<7RU'( [ APD?P3BN $5($9 R5R R5( /U:R 7M '(6
R($R(' <' R5R R5( '(:[ />L '(R($R7>< 7M $$(@R:( 47X(< R5(
(MR7;R(' $5<4( ;4<7RU'(D
1D >MM7:[ 7R(LR( >< R5( $5>7$( >/  <' 3D
PD $EU7L(  4 " 'R M;@:(MD
[OZ ]F)<X]>) BF,.A 3 )<C:. ,.].)]>FC A:FW>]<BX _[^

= (
9.3-*/' =*.
?D $EU7L( R5( <(Y 'R ;$7%D
TD >;@UR( 0$7% /L>; APD?P3B& APD?P1B
SD / 0$7% 2 3& 4(<(LR( < :L;N @L>X7'( R5( (MR7;R( >/
R5( $5<4( >$$ULL(<$( R7;(& 7 2 & [ APD?PPB& <' R5( (MR76
;R(' $5<4( ;4<7RU'( @ $7( 7 2 % $>;@UR(' [ APD?P3BD
*/*=*-*9=*1/
?D >::($R  M(R >/  'R /L>; R7;( 7 2 R> 7 2 '  4 "D
TD >;@UR( R5( (MR7;R(' $5<4( ;4<7RU'(
$7 2 '  4 "( 7 2 % />L R5(M( 'R [ APD?P3BD
0
SD (MRLR R5( L($ULM7X( :4>L7R5; /L>; 7  7 2 '  ><6
YL'M Y7R5 MR(@ ?D >R7$( R5R R5( ;(< X:U( R> (
MURL$R(' /L>; ;$4% 7< APD?P3B& APD?P1B M5>U:' <>Y (
2 ' @ $7 2 '  4 "( 7 2 %0
. 3$4 4 7 2 % A$/D (;L9 PD?S
(:>YBD
9@-=  M(EU(<$( >/ :L; R7;( 7<MR<RM 7 & (MR7;R(' $5<4(
>$$ULL(<$( R7;(M 7 2 <' $5<4( ;4<7RU'(M @ $7( 7 2 %D

#,! /+'1 #'#1#%#/1#(' (.   % (.#1!&


 <. W.XFC 5FW )FAA.)]>C:  X.] F5  ,] ]F .X]>B]. < 4 $ #  , ' 4 $ ! >X ]F XX`W.
 X`56)>.C] KW.)>X>FC F5 ]<. )<C:. B:C>]`,. XF ]<] `K,]>C: ]<. B.C F5 ]<. X>:CA >X
K.W5FWB., KWFK.WAgO
 5].W W.>C>]>A>X]>FC+ L[OI[9M C, L[OI[7M X<F`A, $. W.KA)., >C X].K _ $g ]<. 5FAAFe>C:
.fKW.XX>FC e<>)< ))F`C]X 5FW ]<. .X]>B]., B.C F5 ]<. X>:CA 5].W )<C:.
%
3 '
, 2 , 3!  1 2! , %
) $ !
$ , < H, 2 , 4
#$
< 4' 3!  L[OI[DM
3
%
 
, 2 , 3! 
) , 2 , 3!
)
#$

3
%
'
. 4!  / < 4' 3! , 2 , 3!  1 2! , %
) $ ! ,
$ , < H, 2 , 4
% $%
#$

< 4' 3! 3
%

, , 2 , 3!  )
) , 2 , 3! ' L[OIZiM
-
#$
$ #  , ' 4
e<.W. < X]C,X 5FW < 4 $ !O 

5( ;(R5>' Y7:: ( 7::UMRLR(' 7< ($R7>< PD+DS& M  @LR >/  /U:R '(R($R7>< <'
(MR7;R7>< M[MR(;D
_[9 [O `A] ,>:CFX>X F5 )FC]>C`F`X=dW>$A. XgX].BX

0+ 1(.1! %($ 


$%& $1- **-(

/R(L  @L(M(<RR7>< >/ R5( ;>'(: >/ R5( MU@(LX7M(' @L>$(MM& R5( @L>:(;M >/ '(6
R($R7><& 7M>:R7>< <' (MR7;R7>< >/ ''7R7X( /U:RM 7<  MR>$5MR7$ M[MR(; Y7:: (
MU$$(MM7X(:[ $><M7'(L(' 7< R57M M($R7><D

;6 62 1-

(R UM $><M7'(L  M[MR(; '(M$L7(' [  :7<(L '7M$L(R(6R7;( ;>'(: >/ R5( />L;


9$7 ' "%  9$7% ' 6$7% '  # $$7% '  ' ( $7% ' 8$7%
9$4%  92 APD?O?B
:$7%  9$7% ' 6$7% '  # $$7% '  ' ( $7% ' 7$7%(
Y5(L( 9 ) 4 & 6 ) 2 & : ) 8 L( L(M@($R7X(:[ R5( MRR( X($R>L& R5( X($R>L >/
9<>Y< 7<@UR M74<:M <' R5( X($R>L >/ ;(MUL(' >UR@UR M74<:M& 8 7M R5( X($R>L >/
MRR( <>7M(& 7 '(<>R(M R5( ;(MUL(;(<R <>7M(D 8$7% <' 7$7% L( M;@:(M >/ X($R>L
Y57R( <>7M( M(EU(<$(M Y7R5 \(L> ;(< <' $>XL7<$( ;RL7Z%
 &   &
8$7%   J JI
 $8$<% 7$<% %  *.1 E
7$7% JI I
92 7M  MR>$5MR7$ X($R>L Y7R5 ;(< -2 <' XL7<$(  2 U<$>LL(:R(' Y7R5 R5(
MRR( <' ;(MUL(;(<R <>7M( M(EU(<$(MD 7<::[& $ ) 4 7M  X($R>L >/ U<9<>Y<
7<@UR M74<:M >L '7MRUL<$(M A'(R(L;7<7MR7$ >L MR>$5MR7$ Y7R5 <><6\(L> ;(<B& <'
( ) 4 7M  X($R>L >/ U<9<>Y< 7<@UR M74<:M L(@L(M(<R7<4 R5( /U:RM R> ( '(R($R('D
5( /U:RM L( M7' R> ( ''7R7X(& M7<$( R5([ (<R(L :7<(L:[ 7< R5( ;>'(: M ''7R7><:
7<@URD
U$5  ;>'(: $< :M> ( YL7RR(< 7< R(L;M >/  M7<4:( X($R>L Y57R( <>7M( M(EU(<$(&
Y7R5 XL7<$( (EU: R> R5( 7'(<R7R[ ;RL7Z [ $><M7'(L7<4 R5( /$R>L7MR7><
 &  &
J JI & '
   &  & E
JI I &
 M;@:( >/ R57M M(EU(<$( Y7:: ( '(<>R(' &$7%& 5(<$( R5( 7<'(Z 7<  & <'  & D
R 7M  ?& 6'7;(<M7><: L<'>; X($R>L& Y5(L( ?& 7M R5( L<9 >/ R5( XL7<$( >/
$8$7% 7$7% % & 4(<(L::[ (EU: R> ? ' CD 5( MRR(6M@$( ;>'(: APD?O?B $< R5UM
( L(YL7RR(< M
9$7 ' "%  9$7% ' 6$7% '  # $$7% '  ' ( $7% '  & &$7%
9$4%  92 APD?OTB
:$7%  9$7% ' 6$7% '  # $$7% '  ' ( $7% '  & &$7%E
[O2 ]F)<X]>) BF,.A 3 ABC 6A].W KKWF)< _[7

;6 6? @-= ==*1/

81-. 9==./=6 U:R '(R($R7>< ;>U<RM R> '(R(L;7<7<4 Y5(R5(L R5( MU@(LX7M('
@L>$(MM 7M Y>L97<4 7<  <>L;: A>L 5(:R5[B >@(LR7<4 ;>'(D 5( @L>:(; $< (
MRR(' M />::>YMD
81-. ;62? 4@-= ==*1/5
(C-
%  ,/+ / >& 28/99 / >& /8, 3<51;14 /8 3<51;@4
%  96A- / ,9A8 28/99 (-2A> - /A>2A>
$:$4%( 6$4%% ,. (

D&8 7 -/>9 >& A88-> >(, (-9>->5


&//9 >D- >& /++/D(-% >D/ &F2/>&99
2  &+>&F /28>(-% /-(>(/-
  A+>F /28>(-% /-(>(/-5
5( EU:7R[ >/  /U:R '(R($R7>< M[MR(; 7M ;(MUL(' 7< R(L;M >/ '(R($R7>< '(:[
<' R7;( (RY((< /:M( :L;MD  R[@7$: >8($R7X( 7M R> ;7<7;7M( R5( ;(< '(:[
/>L '(R($R7>< >/  $5<4( MU8($R R>  0Z(' /:M( :L; LR( (/>L( R5( $5<4( R7;(D
> $57(X( R57M 4>:& R5( RM9 7M UMU::[ '7X7'(' 7<R> RY> @LRM% L(M7'U: 4(<(LR7><
<' L(M7'U: (X:UR7><D $5 >/ R5(; 7M ''L(MM(' MU$$(MM7X(:[ 7< R5( />::>Y7<4
MUM($R7><MD

9*@- '/8=*1/6 M 7< R5( '(R(L;7<7MR7$ $M(& R5( L(M7'U: 4(<(LR>LM L( 0:R(LM
Y7R5 7<@UR M74<:M 6 <' :& (:><47<4 R> R5( />::>Y7<4 $:MM >/ :7<(L R7;( 7<XL7<R
M[MR(;M
;$7 ' "%  M ;$7% '  MH 6$7% '  ML :$7%( ;$4%  ; 2
2$7%   ?M ;$7% '  ?H 6$7% '  ?L :$7% APD?OSB
>L& 7< RL<M/(L /U<$R7>< />L;& /R(L R97<4 R5( \6RL<M/>L; >/ R5( >X( (EUR7><M <'
MMU;7<4 \(L> 7<7R7: $><'7R7><M%
2$Z%   ?H $Z%6$Z% '  ?L $Z%:$Z% APD?O3B
 &
6$Z%
 $ ?H $Z%  ?L $Z%% E
:$Z%
5( @L>:(; >/ '(M74<7<4  L(M7'U: 4(<(LR>L $< ( MRR(' M />::>YMD
81-. ;62> 49*@- '/8=18 9*'/ "18 "@-= ==*1/5
>8,(-  9>+ +(-8 >(,'(-C8(-> !+>8 3<51;?4 /8 3<51;$4 9A& >&>
15 & 96A- / /A>2A> C+A9 2$7%( 7  "( 1( E E E (9  G8/ ,- D&(> -/(9
C>/8 96A- 3D&(& (9 -/>  > F 6 - $4 /- >& >8-9(-> A >/
(-(>(+ /-(>(/-9 &9 C-(9&5
_[[ [O `A] ,>:CFX>X F5 )FC]>C`F`X=dW>$A. XgX].BX

@5 - >& 289- /  A+> 3( $7% 6 4 /8 ++ 7 , 72 4 >& ,- / 2$7% (9


( 8-> 8/, G8/ /8 > +9> 9/, 7 , 72 5

M 6 <' $ L( L7RLL[ M74<:M& R5([ $<<>R //($R 2 />L R5( :RR(L R> (  Y57R(
<>7M( M(EU(<$(D > '(0<( L74>L>UM:[ Y5R 7M ;(<R [ R57M MRR(;(<R& <>R7$( R5R R5(
4:>: M[MR(; ;'( >/ R5( MU@(LX7M(' @L>$(MM <' R5( L(M7'U: 4(<(LR>L& >R7<('
[ $>;7<7<4 EMD APD?OTB <' APD?OSB& 7M M((< R> 5X( M 7<@UR M74<:M 6& $& ( & &&

<' MRR( $9 ;% D (<$( R5( L(M7'U: R R7;( 7 $< ( $><M7'(L(' M  /U<$R7>< >/ R5(
>X( 7<@UR <' R5( 7<7R7: MRR(& <;(:[%
2$7%  2$7+ 6( $( ( ( &+ 92 ( ; 2 %E
[7<4 R5R R5( L(M7'U: 7M <>R //($R(' [ 6 <' $ ;(<M R5R& />L <[ RY> '7MR7<$R
7<@UR M(EU(<$(M 6 $7%( 6. $7% <' $ $7%( $. $7%( 7  "( 1( E E E&
' '
2 7+ 6 ( $( ( ( &+ 92 ( ; 2  2 7+ 6. ( $( ( ( &+ 92 ( ; 2
<'
' '
2 7+ 6( $ ( ( ( &+ 92 ( ; 2  2 7+ 6( $. ( ( ( &+ 92 ( ; 2 (
Y5R(X(L R5( 7<7R7: MRR( <' R5( >R5(L 7<@UR M(EU(<$(MD
<( Y[ R> M>:X( R5( @L>:(; 7M R> '(M74<  0:R(L Y57$5 ;((RM R5( 0LMR $><'7R7><
<' R5(< R> $5($9 Y5(R5(L R5( M($><' L(EU7L(;(<R 7M /U:0::('D < >L'(L R> ;Z7;7M(
R5( $5<$(M />L R57M M($><' $><'7R7>< R> 5>:'& ><( M5>U:' ;9( MUL( R5R& Y5(<
7;@>M7<4 $><'7R7>< ?& <> UM(/U: 7</>L;R7>< $><R7<(' 7< : 7M :>MRD <:[ R5( 7<6
/>L;R7>< $>LLU@R(' [ < U<9<>Y< 7<@UR M5>U:' ( $<$(::('D  0:R(L R5R ;((RM
R5( :RR(L $><'7R7><& R>4(R5(L Y7R5 R5( 0LMR $><'7R7>< >/ L>:(; PD?S 7M $::(' <
7<<>XR7>< 0:R(L />L L(M><M R5R Y7:: ( $:L70(' 7< R5( <(ZR MUM($R7><D
> $><MRLU$R  L(M7'U: 4(<(LR>L& ><( Y7:: 0LMR M>:X( R5( 7<<>XR7>< 0:R(L '(M74<
@L>:(; (:>YD (ZR /U:R M(<M7R7X7R[ >/ R5( 0:R(L >UR@UR Y7:: ( $5($9(' R> M((
Y5(R5(L $><'7R7>< T 7M ;(R 7< L>:(; PD?SD < R5( /0L;R7X(& R5( 7<<>XR7>< 0:6
R(L 7M  L(M7'U: 4(<(LR>LD 5( 7MMU( >/ /U:R M(<M7R7X7R[ 7M R5( >8($R >/  M@($70$
MUM($R7><D

81-. ;62& 4 //1A=*1/ #-=8 9*'/5


>8,(-  9>+ +(-8 >(,'(-C8(-> !+>8 3<51;$4 D(>& >& +9> -A,8 / /A>'
2A> 9(%-+9 9A& >&> (- >& 9- / A+> 3(55 ( $7%  4 /8 ++ 74
15 & 96A- / /A>2A> C+A9 2$7%( 7  "( 1( 8 8 8 (9  G8/ ,- D&(> -/(9
C>/8 96A- D&(& (9 -/>  > F 6 - $ /- >& >8-9(-> A >/
(-(>(+ /-(>(/-9 &9 C-(9&5
@5 / (- /8,>(/- /- >& A+> /->(- (- : (9 +/9> E2> ( (> (9  > F >&
A-*-/D- (-2A> C>/8 $5

< >M(LX(L6M(' @@L>$5 Y7:: ( UM(' R> M>:X( R5( L>:(; PD?3D
Y> M7RUR7><M 5X( R> ( '7MR7<4U7M5('& <;(:[ R5( M(<$( >/ U<9<>Y< 7<@UR
A #   <'  #  B <' R5( @L(M(<$( >/ U<9<>Y< 7<@URD
[O2 ]F)<X]>) BF,.A 3 ABC 6A].W KKWF)< _[Z

1 @/,/1B/ */3@=6 < R57M M7RUR7>< R5( '(M74< >/ < 7<<>XR7>< 0:R(L ;>U<RM
R> R5( '(M74< >/  MR('[ MRR( :;< 0:R(LD U$5  0:R(L @L>X7'(M  @L('7$6
R7>< >/ R5( >UR@UR :$7%& : $7%& 47X(< R5( 'R U@ R> R7;( 7 4 "& <;(:[& 47X(<
6$4%( :$4%( 4  "( 1( E E E ( 7 4 "D 5( >UR@UR @L('7$R7>< (LL>L& 2$7%  :$7% 4 : $7%
7M $::(' R5( 7<<>XR7>< 7< MR<'L' :;< 0:R(L :7R(LRUL(& ($UM( 7R $><M7MRM >/ R5(
<(Y 7</>L;R7>< $><R7<(' 7< :$7%& Y57$5 YM <>R X7::( 7< :$"%( E E E ( :$7 4 "%D
5( 7<<>XR7>< M(EU(<$( 7M 9<>Y< R> (  Y57R( <>7M( M(EU(<$( <>R //($R(' [ 6
A><$( R5( RL<M7(<R 'U( R> 7<7R7: $><'7R7><M 5M '($[(' R> \(L>BD (<$( 7R /U:0:M
$><'7R7>< ? >/ L>:(; PD?3D (M7'(M& R5( 7</>L;R7>< >UR ( $><R7<(' 7< R5( M(6
EU(<$( >/ 'R 7M :M> $><R7<(' 7< R5( 7<<>XR7>< M(EU(<$(D >L R57M L(M><& R5(
7<<>XR7>< 7M M7' R> (  MU/0$7(<R MRR7MR7$M />L R5( /U:R X($R>L ( D 5UM $><'7R7>< T
>/ L>:(; PD?3 7M :M> /U:0::(' [ R5( 7<<>XR7>< M(EU(<$(& <' 5(<$( R5( :RR(L 7M 
MU7R:( $<'7'R( M  L(M7'U: M(EU(<$(D R 7M R5( /$R R5R R5( 7<<>XR7>< M(EU(<$(
;((RM $><'7R7><M ? <' T >/ L>:(; PD?3 R5R 8UMR70(M R5( <;( 7<<>XR7>< 0:R(LD
> MRR( R5( '(M74< @L>$('UL( @L($7M(:[& :(R UM 7<RL>'U$( R5( <>R7>< >/  L(4U:L
EU'LU@:( $( ( ( %D

#/*=*1/ ;6; 4'@-8 7@8@3- $( ( ( %5


$( ( ( % (9 8%A+8 ( >& ,>8(E
 &
4Z
'  
 
&9 A++ 8/D 8-* /8 ++ Z /- >& A-(> F+ 3Z  3#$6B% B ) 45

R 7M MMU;(' (:>Y R5R R5( @7L $( % 7M '(R($R:(& <' $(  & ( (  & % 7M
L(4U:LD

#,! /+' '(..%1 /11 ' &/2.&'1 '(#/ /-2'/


C ]<. KW]>)`AW )X. e<.W. ]<. X.Q`.C). . 4! C, - 4! W. `C)FWW.A]., Le<>)< BF`C]X ]F
     M+ ]<. $Fd. W.:`AW>]g XX`BK]>FC )C $. W.KA)., $g ]<. )AXX>)A W.Q`>W.B.C]
]<] ]<. K>W '   ! <X CF `C)FC]WFAA$A. BF,. FC ]<. `C>] )>W)A.O 

<'(L MU$5 5[@>R5(M(M& R5( (EUR7><M />L R5( MR('[ MRR( :;< 0:R(L $< (
YL7RR(< M
$7 ' "%
9   $7% 4 6$7%%(
9$7% ' 6$7% 4 $:$7% 4  9
$4%
9  2
9 APD?O1B
2$7%  $7% 4 6$7%(
:$7% 4  9
Y5(L( R5( 0:R(L 47< 7M 47X(< [
 4$   ' JI %$I '    % ( APD?OPB
 (7<4 R5( M[;;(RL7$ M(;76@>M7R7X( '(0<7R( M>:UR7>< >/ R5( />::>Y7<4 '7M$L(R( :6
4(L7$ 7$$R7 (EUR7><
_[2 [O `A] ,>:CFX>X F5 )FC]>C`F`X=dW>$A. XgX].BX

    4 $   ' JI %$I '    % 8


8 $  ' JI % ' J E APD?OOB
74D PD?P 7::UMRLR(M R5( MRR(6M@$( 7;@:(;(<RR7>< >/ R5( 7<<>XR7>< 0:R(LD

    
 

                        
                
 

                                  
                  

+ /+'/+ AF)@ ,>:WB F5 ]<. X`K.Wd>X., XgX].B ]F:.]<.W e>]< ]<.
>CCFd]>FC 6A].W

<  RL<M/(L /U<$R7>< />L;& R57M 0:R(L 7M '(M$L7(' [


2$Z%   ?H $Z%6$Z% '  ?L $Z%:$Z%
 $4$Z
4  4 % $ ' % 4 %6$Z% ' APD?O+B
' $$Z
4  4 % '
%:$Z% E
/ R5( @7L $( % 7M <>R '(R($R:(& 7R 7M MR7:: @>MM7:( R> '(M74< < 7<<>XR7>< 0:R(L
[ (ZRL$R7<4 R5( >M(LX:( @LR >/ M[MR(; APD?OTB <' '(M74<7<4  :;< 0:R(L />L
R57M >M(LX:( MUM[MR(;D >R7$( R5R R57M @@L>$5 $< :M> ( $><M7'(L(' Y5(<
APD?OTB 7M '(R($R:( UR <>R >M(LX:(& 7/ ><( Y7M5(M R> >R7<  L(M7'U: 4(<(LR>L
Y7R5 R5( :>Y(MR @>MM7:( >L'(LD

#,! /+' #& 3.6#'


%&' %1.
F XX`W. )F<.W.C)g e>]< .)]>FCX [O^ C, [O9 C, ]F .X. ]<. X]`,g F5 ]<. X.CX>]>d>]g ]F ]<.
5`A]+  X].,g X]]. ABC 6A].W >X )FCX>,.W., $Fd.O <>X >BKA>.X ]<] e<>].C.XX F5 ]<.
X.Q`.C). ( 4! >X FCAg W.)<., 5].W ]<. ]WCX>.C] <X dC>X<.,O  e<>]. CF>X. X.Q`.C). )C
$. :.C.W]., 5WFB ]>B. 4  0+ >5  L]>B.=dWg>C:M ABC 6A].W >X `X., >CX]., F5  X].,g
X]]. ABC 6A].WO Q`]>FC L[OIZ7M+ L[OIZ[M C, L[OIZZM W. ]<.C W.KA)., $g
4 # !
/  / 4! # , 4! , 4! 0 4! ,  /
4! , , 4!!
0!
/  $$ L[OIZDM
( 4!  4! , , 4!'
0 4! ,  /
[O2 ]F)<X]>) BF,.A 3 ABC 6A].W KKWF)< _[D

e<.W. ]<. 6A].W :>C 4! >X :>d.C $g


4!  ,  4!  # :9 ! 9 #  4!  ! ' L[OI2iM
 4! $.>C: ]<. XFA`]>FC F5 ]<. 5FAAFe>C: ,>X)W.]. >))]> .Q`]>FC
 4 # !   4!  ,  4!  # :9 ! 9 #  4!  ! /
/  4! # :9 ! # : '  0!   $ L[OI2IM
FW >BKA.B.C]]>FC K`WKFX.+ >] >X >C].W.X]>C: ]F X.KW]. ]<. .Q`]>FCX F5 ]<. ABC 6A].W >C 
]eF=X]:. `K,]. KWF).,`W. ] .)< XBKA>C: ]>B.*  B.X`W.B.C] `K,]. C,  ]>B. `K,].O
<. KKWF)< >X ]<. F$?.)] F5 ]<. 5FAAFe>C: W.BW@O <>X >BKA.B.C]]>FC F5 ]<. ABC 6A].W
AAFeX FC. ]F <C,A. B>XX>C: B.X`W.B.C]X >C  X]W>:<]5FWeW, egO 

#,! /+'/ '%#' &#//#' &/2.&'1/


<. B.X`W.B.C] `K,]. )FCX>X]X >C ]@>C: >C]F ))F`C] ]<. C.e >C5FWB]>FC $WF`:<] $g
C ,,>]>FCA B.X`W.B.C]+ Xg 0 4!+ >C FW,.W ]F )FBK`]. / 44!+ ]<. $.X] .X]>B]. L>C ]<.
A.X] XQ`W. X.CX.M F5 / 4! :>d.C , 2!' 0 2!' 2  ' -' / / / ' 4O <. A]].W >X ,.,`)., 5WFB
, 4!' 0 4! C, 5WFB / 4! ]<. $.X] KW.,>)]>FC F5 / 4! :>d.C , 2!' 0 2!' 2  ' -' / / / ' 4 , O
<. ]>B. `K,]. ]<.C `X.X ]<. KAC] BF,.A >C FW,.W ]F KW.,>)] ]<. X]]. .dFA`]>FC FC. X].K
<.,O
C ,,>]>FCA <gKF]<.X>X >X C..,., ]F `X. ]<. A:FW>]<B $.AFe* ]<. dW>C). F5 ]<. B.X`W.=
B.C] CF>X.+ 9 X<F`A, $. KFX>]>d. ,.6C>]. C, ,>:FCAO <`X+  9   F9 / / / F9, !+
e<.W. F9# 0 0' 2  ' / / / ' ?O <. S,>:FCA>]gS )FC,>]>FC )C $. .C5FW)., $g  X`>]$A.
)<C:. F5 F`]K`] dW>$A. e<.C  9 >X KFX>]>d. ,.6C>].O ] X`56).X ]F X.] 0  4!  4
9 0 4!+
XF ]<] ]<. dW>C). F5 0  4! >X ]<. ? - ? >,.C]>]g B]W>fO
<. 5FAAFe>C: CF]]>FCX W. >C]WF,`)., >C ]<. A:FW>]<B $.AFe*  # C, # ,.CF]. W.XK.)=
]>d.Ag ]<. 25" WFe F5  C, O
_Zi [O `A] ,>:CFX>X F5 )FC]>C`F`X=dW>$A. XgX].BX

"&,0# /+'2 <C;01@ 1 @+0 C5@ #3; @) +113F@+31 $/@;

$0"80&$ .]  0!   $ ' / 0!  $ $ O


0 
-#("$ 0#
IO .X`W.B.C] `K,].O
.]  $ 4!   4!' / $ 44!  /
4!O
FW 2   `K ]F ?+ )FBK`].  # 44!   # 4! # # # KF9# O
.]  44!   , 44!O
FW 2   `K ]F ?+ )FBK`].
# 4!   44!# KF9#
# 44!
/  # 44! #
/ # 4! , # , 4!!A
4! T# 4! , # /
44!  /
.] / , 44!O
_O >B. `K,].O
FBK`]. X`)).XX>d.Ag
4!   44!  
9

 4 # !   44!  # : , :9 9 #  4!  ! :9


, 4!:9 , :9 4! 
4 # !  /
/ 44! # :9 9 #  4!  ! /
4! , , 4!!A
/ 0 4! ,  /

^O FBK`]]>FC F5 ]<. W.X>,`AO


FW 2   `K ]F ?+ )FBK`]. ]<. )FBKFC.C]X F5 ]<. W.X>,`A d.)]FW
4! , # , 4!!A
G# 4!  T# 4! , # /

-3"0 .X>,`A d.)]FW ( 4! 5FW >C)W.X>C: ]>B. <FW>hFC 4O

<.C  B.X`W.B.C] >X B>XX>C:+ >] X`56).X ]F X@>K ]<. )FWW.XKFC,>C: B.X`W.B.C] `K,].+
CB.Ag ]F X@>K ]<. )FWW.XKFC,>C: dA`. F5 >C,.f 2 >C ]<. S5FWS AFFKXO 

*=( @/,/1B/ */3@=6 < R57M $M(& R5( '(M74< >/ < 7<<>XR7>< 0:R(L $><M7MRM >/ 
RY> MR(@ @L>$('UL(D 7LMR  L('U$(' M[MR(; 5X7<4 <> U<9<>Y< 7<@UR 7M (ZRL$R('
/L>; R5( >L747<: M[MR(;D 5(<  MR('[ MRR( :;< 0:R(L 7M '(M74<(' />L R57M MU6
M[MR(; <' R5( $<'7'R( L(M7'U: M74<: 7M <>R57<4 UR R5( 7<<>XR7>< MM>$7R('
R> R57M 0:R(LD M >X(& R> $5($9 Y5(R5(L R5( 7<<>XR7>< M(EU(<$( 7M  L(M7'U:& 7RM
M(<M7R7X7R[ R> R5( /U:R X($R>L ( 5M R> ( X(L70('& Y57$5 7M R5( >8($R >/ R5( <(ZR
MUM($R7><D
5( 7'( (57<' R5( (ZRL$R7>< >/ R5( MUM[MR(; Y7:: 0LMR ( M9(R$5(' 7< R5( $M(&
Y5(L(  #   A<> U<9<>Y< 7<@UR //($R7<4 :BD (ZR  $>;@:(R( :4>L7R5; Y7::
( @L>X7'(' R> M>:X( L>:(; PD?3D 5( 8UMR70$R7>< >/ R57M :4>L7R5; 7M L(:R7X(:[
[O2 ]F)<X]>) BF,.A 3 ABC 6A].W KKWF)< _ZI

7<X>:X('& <' R5( 7<R(L(MR(' L('(L 7M 7<X7R(' R> $><MU:R R5( 7:7>4L@5[ />L R5(
@L>>/MD

> (ZRL$R  MUM[MR(; Y57$5 5M <>R $ M 7<@UR& :(R 9AH '(<>R( R5( MRR( >/ R57M
MUM[MR(; <' M(R
9AH $7%  9$7%( APD?+TB
Y5(L(  7M < ?AH 5 ? ;RL7Z AY7R5 ?AH / ?B R> ( '(R(L;7<('D [ ;U:R7@:[7<4
R5( 0LMR ED APD?OTB [  >< R5( :(/R& <' [ R97<4 APD?+TB 7<R> $$>U<R& ><( 4(RM
9AH $7 ' "%  9$7% ' 6$7% '  # $$7%
' ' ( $7% '  & &$7%E APD?+SB
/ R5( />::>Y7<4 L(:R7><M L( 7;@>M('
   ' 
  APD?+3B
 #  ( APD?+1B
 <' 
Y5(L(   L( U<9<>Y< ;RL7$(M R> ( '(R(L;7<('& R5(< APD?+SB $< ( YL7RR(<
M
9AH $7 ' "%   AH $7% ' 
9  $:$7% 4 6$7% 4  ' ( $7% 4  & &$7%%
'6$7% '  ' ( $7% '  & &$7% APD?+PB
[ UM7<4 APD?+TB <' R5( >UR@UR >/ ED APD?OTB A7< Y57$5  # 7M MMU;(' R> ( <U::BD
<RL>'U$7<4 R5( L(X7R7><M
0
  
 4 
0'
   '
 ' 4 
0&
   &
 & 4 
7<R> APD?+PB [7(:'M
 AH $7% ' 6$7%
9AH $7 ' "%  9 0 
' :$7% 0 ' ( $7% ' 
' 0 & &$7%E APD?+OB

57M M[MR(; 5M <> U<9<>Y< 7<@UR $ M $>U:' ( (Z@($R(' [ 7;@>M7<4 APD?+1BD
> '(M74<  :;< 0:R(L M(' >< R5( MRR( ED APD?+OB Y5(< (  4& R5( @LR >/ R5(
;(MUL(;(<R : Y57$5 '(@(<'M >< 9AH ( 6 <' & ><:[ M5>U:' ( '(R(L;7<('D 57M
7M $57(X(' [ '(0<7<4 R5( M74<: : AH M
: AH $7%   :$7%   9$7% '  6$7% '   & &$7%( APD?++B
Y5(L(  7M U<9<>Y<D ;@>M7<4
   ( APD?+=B
APD?++B ($>;(M
: AH $7%  9AH $7% '  6$7% '   & &$7%( APD?=]B
Y57$5 5M R5( L(EU7L(' />L;D
_Z_ [O `A] ,>:CFX>X F5 )FC]>C`F`X=dW>$A. XgX].BX

>Y& @L>X7'(' $ ( % 7M '(R($R:(& <' $(


  0 & ( (   & % 7M L(4U:L&  :;<
0:R(L $< ( '(M74<(' />L R5( MUM[MR(; APD?+OB& APD?=]B& Y5(< (  4
AH $7 ' "%
9   9AH $7% ' 6$7%
 0 
' :$7% 4 AH $: AH
4 9AH $7% 4  6$7%% ( APD?=?B
Y5(L(
 AH  ' 
AH  4$ 0 &     %$  &     '  AH  %
& &

Y7R5  AH R5( M[;;(RL7$ M(;76@>M7R7X( '(0<7R( M>:UR7>< >/


 %
 AH    AH    4   AH  '  0 &     &   
& &
'  %
'  AH 
   '  & 
 AH  0 ' 0 E
0&
& &

         

  
                      
       
  
          
        
 



        
   
      
  
  
     
    

        
      

+ /+'.+ AF)@ ,>:WB F5 ]<. X`K.Wd>X., XgX].B ]F:.]<.W e>]< ]<.
>CCFd]>FC 6A].W >C ]<. KW.X.C). F5 `C@CFeC >CK`]X

5( MM>$7R(' >UR@UR L($><MRLU$R7>< (LL>L 7M 47X(< [


2$7%  : AH $7% 4
9AH $7% 4  6$7% E APD?=TB
Y57$5 $< ( (X:UR(' /L>; R5( X7::( 'RD R $< ( $5($9(' R5R 7R /U:0:M R5(
0 AH $7% 
$><'7R7><M />L < 7<<>XR7>< M(EU(<$(D <'(('& R5( MRR( (MR7;R7>< (LL>L& 9
9AH $7% 4 9 AH $7%& X(L70(M R5( />::>Y7<4 (EUR7>< >R7<(' [ MURL$R7<4 APD?=?B
/L>; APD?+OB%
[O2 ]F)<X]>) BF,.A 3 ABC 6A].W KKWF)< _Z^

'
0 AH $7 ' "%
9   ' AH 9
 0 ' ( $7%
0 AH $7% ' 
 %
'  0 & ' AH   & &$7% E APD?=SB

57M (LL>L 7M $:(L:[ <>R //($R(' [ $ <' 6& <' M> 7M R5( MM>$7R(' 7<<>XR7><
2$7%  0 9AH $7% '   & &$7%D ><'7R7>< ? >/ L>:(; PD?3 7M R5UM /U:0::('D >
MMUL( R5R R5( ;Z7;U; ;>U<R >/ 7</>L;R7>< >< R5( /U:R 5M ((< 9(@R A$><'76
R7>< T >/ L>:(; PD?3B& 9AH M5>U:' 5X( R5( :L4(MR @>MM7:( '7;(<M7>< A M5>U:'
5X( R5( :L4(MR @>MM7:( <U;(L >/ L>YMBD 5( 7;@:(;(<RR7>< >/ R5( 7<<>XR7><
0:R(L 7M MU;;L7M(' 7< R5( :>$9 '74L; >/ 74D PD?O
5( '(M74< >/ < 7<<>XR7>< 0:R(L (MM(<R7::[ ;>U<RM R> M>:X7<4 R5( M(R >/ <><:7<6
(L :4(L7$ EMD APD?+3B& APD?+1B& APD?+=BD (M@7R( R5( <><:7<(L7R[& < :4>L7R5;
M(' ><:[ >< :7<(L :4(L7$ >@(LR7><M $< ( '(L7X('D R 7M @L(M(<R(' (:>Y 7< R5(
4(<(L: M7RUR7><& Y5(L(  # 6 D
_Z9 [O `A] ,>:CFX>X F5 )FC]>C`F`X=dW>$A. XgX].BX

-'18*=(. ;62> --/C>(/- !+>8 9(%- /8  9F9>, D(>& A-*-/D- (-2A>

*A/  M[MR(; >/ R5( />L; APD?OTBD


1.3@=
26 (R(L;7<( R5( 7<R(4(L ?AH R>4(R5(L Y7R5 /U:: L>Y L<9 <' /U:: $>:6
U;< L<9 ;RL7$(M  <'  L(M@($R7X(:[ MU$5 R5R
 &  &
4Z
4# ' AH  AH 4Z
4 '   #  &
 
 AH  AH   # &
 &
 
8 E

4
5( :4>L7R5; PD?3 @L(M(<R(' (:>Y $< ( UM(' R> $>;6
@UR( ?AH &  <' D 5( ?AH 6'7;(<M7><: MUM[MR(;
$AH (  AH (  AH (  AH % 5M <> U<9<>Y< 7<@URD (R CAH '(6
<>R( R5( <U;(L >/ L>YM >/  AH D
?6 (M74<  :;< 0:R(L />L R5( />::>Y7<4 L('U$(' M[MR(;%
9AH $7 ' "%  0 AH 6$7% 4 
AH 9AH $7% '  . :$7%
' AH &AH $7%
9AH $4%  9AH"2
: AH $7%  0 AH 6$7%
 .. :$7%   AH 9AH $7% ' 
' AH &AH $7%(
Y5(L( &AH $7% 7M  M;@:( >/  Y57R( <>7M( M(EU(<$( Y7R5 XL7<$(
(EU: R> R5( 7'(<R7R[ ;RL7Z&
 &
  .
 
.  ..
Y7R5  (  . (  . (  .. L(M@($R7X(:[ ?AH 5 ?& ?AH 5 C&
CAH 5 ? <' CAH 5 C 6'7;(<M7><: ;RL7$(M&
0 AH
   ' . (
0 AH
   .  '  .. E
5( L(MU:R7<4 7<<>XR7>< EU:70(M M  L(M7'U:D
9@-= < 7<<>XR7>< 0:R(L />L M[MR(; APD?OTBD
[O2 ]F)<X]>) BF,.A 3 ABC 6A].W KKWF)< _Z7

(L( 7M R5( :4>L7R5; R> ( UM(' 7< MR(@ BD

-'18*=(. ;62& /,2A>>(/- / ?AH    


/*=*-*9=*1/ (R  &  &
4
4  4  4  #
 &  D
8  4  8  4  #
(R

  & 
  &  
4$8 <'  
4$4 D
1.3@=
6 57:( 
7M <>R /U:: $>:U;< L<9& '>

?D @(L/>L;  M7<4U:L X:U(


 '($>;@>M7R7><
&  >/ & &
'    

     .  (
   . 
<' $>;@L(MM R5( $>:U;<M >/ 
[ $>;@UR7<4 R5( L745R
5<' M7'( >/ R5(0LMR (EU:7R[%(:>Y%
  '
$
%  
    .          D
  
%
TD (R $

. %  
    .  E
SD 7<' R5( 5745(MR L<9 /U:: L>Y L<9 ;RL7Z MR7M/[7<4

.  4 M />::>YMD (L/>L;  M7<4U:L X:U( '($>;@>6
M7R7>< >/  & &
 %     


. 
 . %  .      E
   .
>R7$7<4
 R5R
&  &

 
   
 .  (
 . 

><( 4(RM   . D
3D (R 
 
& 
 
&    &

      ( (<' '>D
_Z[ [O `A] ,>:CFX>X F5 )FC]>C`F`X=dW>$A. XgX].BX

6 (R(L;7<( < 7<X(LR7:(


& ;RL7Z  MU$5 R5R
4

 
 &

Y5(L( R5( '7;(<M7>< >/
7M >X7>UM:[ (EU: R> L<9
D U$5  ;RL7Z
$< ($>;@UR(' M />::>YM%&  &

$      %   
   &

 . 
Y5(L( R5( <>RR7><M L( R5( M;( M />L R5( M7<4U:L X:U( '($>;@>M7R7><
>/ 
>X(& (Z$(@R R5R        <'  .  '>(M <>R (Z7MR M7<$( 

5M /U:: $>:U;< L<9 <>YD


6 (R
  &  4 (   & &  &
AH  AH &
 4  (  D
 AH  AH &

5( >X( '(M74< @L>$('UL( ;[ /7: 7< '7//(L(<R Y%


 &
AH
% 5(< R5( '7;(<M7><M >/  <'  L( MU$5 R5R 7M  MEUL( ;RL7Z& R5(
 AH
>R7<(' MUM[MR(; 5M <> >UR@UR& <' 5(<$( <> :;< 0:R(L $< ( '(M74<('
<' <> L(M7'U: 4(<(LR>L $< ( >R7<('D 57M R[@7$::[ >$$ULM Y5(< ?# , CD
% 5(<
 &
Z
' AH  AH
 AH  AH
5M /U:: 4(<(L7$ L<9& UR 7R :>>M(M L<9 />L Z  3#$46B%& B ) & R5(< 7R 7M <>R
@>MM7:( R> '(M74<  L(M7'U: 4(<(LR>L M R5( L(4U:L7R[ MMU;@R7>< <(('(' />L
R5( '(M74< >/ R5( :;< 0:R(L 7M <>R /U:0::('D 
% 5(< R5( L(4U:L7R[ MMU;@R7>< $(M(M R> ( ;(R 'U( R>  AH  (  AH  
>L 'U( R>
 &
4Z
' AH  AH
 AH  AH
5X7<4 <>R /U:: 4(<(L7$ L<9& R5( '(M74< 7M ;>L( 7<X>:X(' <' R5( L('(L 7M L(/(LL('
R> R5( 7:7>4L@5[ />L R57M $M(D

6#(" /+' ''(31#(' %1. /# ' (. 1! /!#) 5&)%
.] `X )FCX>,.W ]<. A>C.W>X., `:B.C]., X<>K=X]..W>C: BF,.A ,.X)W>$., $g )FB$>C>C: ]<.
ed. BF,.A C, ]<. X<>K=X]..W>C: XgX].B

`A6AB.C] F5 ]<>X )FC,>]>FC )C $. )<.)@., $g )FBK`]>C: ]<. h.WFX F5 XgX].B
28 '  28 '  28 '  28 ! C, $g d.W>5g>C: ]<] CFC. F5 ]<.B A>.X FC ]<. `C>] )>W)A.O
[O2 ]F)<X]>) BF,.A 3 ABC 6A].W KKWF)< _ZZ

$ + $ +$ + $ + $ +
S : ,-,+ J$ ,J$ 0 0 S: 0 
# S : * #  0 0 0 * # * # * # 0 *
# *  # * # S: * # # 0 * ) # # * R+
" >  ) " 0 0 #, 0 ) " > ) " # ) " 0 )
E  0  0 E 0 0
$ +
! ( ! ( S: ! ( ! (
>'  0  0 # S: *
 # * # -+ # <+ A
E' 0 0 0  " > ) -/ </
E
 XBKA.,=,] BF,.A F5 ]<>X XgX].B <X $..C F$]>C., ]  XBKA>C: W]. F5 0A
UO
<. W.X`A]>C: .Q`]>FCX W.*
$ + $ +$ +
S: 4 # ! ,0A- ,0A)+) 0 0 S: 4!
# S: 4 # ! * # 0A 0A0) 0 0 * # S: 4! *
# * # *# *
" > 4 # ! )  " 0 0 0A0000 0 ) " > 4! )
E 4 # ! 0A ,0A 0A000 A0000 E 4!
$ +
0
# 0 *
## *
" 0A000 ) ) 4! # . 4! L[OID9M

0A0(
$ +
! ( ! ( S: 4!
>' 4!  0  0 # S: 4! *
 # *
E' 4! 0 0 0  " > 4! )
E 4!
! ( ! (
-+ 4! Q+ 4!
# # A L[OID7M
-/ 4! Q/ 4!
<. )FdW>C). B]W>f F5 ]<. X]]. CF>X. . 4! )C $. .dA`]., $g ]<. XBKA>C: KWF).,`W.
,.X)W>$., >C KK.C,>f _O ] g>.A,X
$ +
0A00 0A00) 0A00 0A00)
# 0A00) 0A0+-- 0A00(( 0A0+-- *
 . 4!. 4! !  :  #

" 0A00
*A
0A00(( 0A00- 0A00(( )
0A00) 0A0+-- 0A00(( 0A0+--
<. B.X`W.B.C] CF>X. X.Q`.C). >X )<W)].W>X., $g  )FdW>C). B]W>f :>d.C X
! (
0A000 0
9  A
0 0A00
]]. C, B.X`W.B.C] CF>X. W. X`KKFX., ]F $. `C)FWW.A].,+ <.C).  :9  O
<. )FCX>,.W., >CK`] X>:CA ) L! >X  X>C. ed. e>]< K.W>F, -0D X.)FC,XO
>:`W. [OI2 :>d.X ]<. .dFA`]>FC F5 ]<. XBKA., F`]K`] X>:CAX >C <.A]<g eFW@>C: BF,.
L6WX] +00 XBKA.XM+ e<.C  0A ,.:\X $>X FC ]<. ]`WC W]. > 4! >X ,,., L5WFB XBKA. +0
]F XBKA. )00M+ C, e<.C ]<>X $>X ,>XKK.WX $W>C:>C: ]<. XgX].B $)@ ]F <.A]<g eFW@>C:
BF,. LXBKA. )0 ]F 00M C F]<.W eFW,X+  X].K=A>@. 5`A] -+ F))`WX $.]e..C XBKA. +0
C, )00O
WFB ]<. $Fd. BF,.A+ ]<. 5FAAFe>C: ABC 6A].W >X ,.,`).,  O

<. :>C F5 ]<>X 6A].W )C $. )FBK`]., $g   5`C)]>FC /9 5FW >CX]C).O
_Z2 [O `A] ,>:CFX>X F5 )FC]>C`F`X=dW>$A. XgX].BX

‡¥
ç xçç ¥ççç
+ /+'+ BKA., F`]K`] X.Q`.C). F5 X<>K BF,.A >C <.A]<g C,
5`A]g eFW@>C: BF,.XY >' X  5`C)]>FC F5 XBKA. C`B$.W
L)FC]>C`F`X A>C.M+ E' X  5`C)]>FC F5 XBKA. C`B$.W L,X<=,F]].,
A>C.M

$ + $ +$ +
S : 4 # ! ,0A- ,0A)+) 0 0 S : 4!
# S : 4 # ! * # 0A 0A0) 0 0 * # S : 4! *
# * # *# *
" >  4 # ! )  " 0 0 0A0000 0 ) " >  4! )
E 4 # ! 0A ,0A 0A000 A0000 E 4!
$ + $ +
0 ,0A+-) ,0A
# 0 * # 0A)(0 0A00)( *
## * #
" 0A000 ) ) 4! # " 0A0000
*
0A0000 )
0A0( 0A)0 0A0
$ $ ++
! ( ! ( S : 4!
# >' 4!  0  0 # S : 4! **
/#
" E' 4! ,
#
" >
**A
0 0 0   4! ))
E 4!
L[OID[M
<. >CCFd]>FC >X )FBK`]., 5WFB
$ +
! ( ! ( S : 4!
>' 4!  0  0 # S : 4! *
G 4!  , # *A L[OIDZM
E' 4! 0 0 0  " >  4! )
E 4!
<. >CCFd]>FC X.Q`.C).X 5FW ]<. ,] F5 >:O [OI2 >X KAF]]., >C >:O [OIDO <. )<C:. >C ]<.
B.C F5 ]<. >CCFd]>FC X.Q`.C). ,`. ]F ]<. 5`A] >X d>X>$A.O Fe.d.W+ X`)<  )<C:. )CCF]
$. ,.].)]., $g )FBKW>C: ]<. X>:CAX ]F  X>BKA. ]<W.X<FA,O 

5( (Z7MR(<$( >/  0:R(L R5R ;((RM R5( $><'7R7><M 7< L>:(; PD?3 '>(M <>R 4UL6
<R(( R5R R5( 0:R(L >UR@UR A<;(:[ R5( 7<<>XR7><B 7M UM(/U: />L /U:R '(R($R7><D R
M5>U:' ( //($R(' [ ( 7< >L'(L R> ;((R R5( M($><' $><'7R7>< >/ L>:(; PD?S& <'
R5UM R> ( MU7R:( M  L(M7'U:D 57M 7MMU( 7M ''L(MM(' 7< R5( <(ZR MUM($R7><D
[O2 ]F)<X]>) BF,.A 3 ABC 6A].W KKWF)< _ZD

ç²x

‡ç²x

‡¥
ç xçç ¥ççç
+ /+'%+ CCFd]>FC X.Q`.C).X )FBK`]., $g L[OID[M+ L[OIDZM 5WFB
]<. ,] F5 >:O [OI2Y 6WX] )FBKFC.C] L)FC]>C`F`X A>C.MY X.)FC,
)FBKFC.C] L,X<=,F]]., A>C.M

/9*=*A*=D =1 "@-=9 18 "@-= ==*-*=D6 5(L( L( M(X(L: Y R> '(0<( R5(
M(<M7R7X7R[ >/ < 7<<>XR7>< M74<: R>  /U:R ( >L& (EU7X:(<R:[& R5( '(R($R7:7R[ >/ 
/U:R [  47X(< 7<<>XR7>< M74<:D
<  M7;7:L Y[ M />L R5( '(R(L;7<7MR7$ $M(& < 7<<>XR7>< 0:R(L />L M[MR(;
APD?OTB 7M M7' R> ( A+> 9-9(>(C 7/ 7RM >UR@UR 7M //($R(' [ ( D EU7X:(<R:[& R5(
/U:R 7M M7' R> ( '(R($R:( 7< R57M $M(D
/ R5( RL<M/(L /U<$R7>< /L>; ( R> 2 7M :(/R 7<X(LR7:(& R5(< R5( 7<<>XR7>< 0:R(L 7M
9>8(>+F A+> 9-9(>(CD
R $< ( M5>Y< R5R M[MR(; APD?OTB 5M  AMRL7$RB /U:R M(<M7R7X( 7<<>XR7>< 0:R(L
Y57$5 M>:X(M L>:(; PD?3 7/ <' ><:[ 7/ (X(L[ 7<<>XR7>< 0:R(L M>:UR7>< >/ L>6
:(; PD?3 7M AMRL7$R:[B /U:R M(<M7R7X(D 5UM AMRL7$RB /U:R M(<M7R7X7R[ 7M  @L>@(LR[ >/
R5( MU@(LX7M(' M[MR(; APD?OTB& <' 7R '>(M <>R '(@(<' U@>< R5( $5>7$( >/ 7<<>XR7><
0:R(LD 5(L(/>L(& AMRL7$RB /U:R M(<M7R7X7R[ >/ APD?OTB Y7:: ( L(/(LL(' R> 7< R5( M(EU(:D
MMU;7<4 R5( @7L $ AH ( AH % L(MU:R7<4 /L>; R5( '(M74< @L>$('UL( 7M >M(LX6
:(& R5( />::>Y7<4 <($(MML[ <' MU/0$7(<R $><'7R7><M />L M(<M7R7X7R[ $< ( (Z6
@:>7R('D
[MR(; APD?OTB 7M /U:R M(<M7R7X( 7/ <' ><:[ 7/  %
 &
'
 6: +K$ % E APD?=+B
'
[MR(; APD?OTB 7M MRL7$R:[ /U:R M(<M7R7X( 7/ <' ><:[ 7/ M[MR(; $AH &  '"AH &  AH &
 '"AH %& Y5(L(
 &  &
 '"AH '
 APD?==B
 '"AH '
7M :(/R 7<X(LR7:(D

<. >B:. LXK).M  ! F5  A>C.W ]WCX5FWB]>FC XXF)>]., ]F ]<. ; - 9 B]W>f 
>X ]<. X.] F5 AA d.)]FWX 0 >C ) ]<] .Q`A  , 5FW XFB. , >C ' O <. @.WC.A LFW C`AA
XK).M *G  ! F5  A>C.W ]WCX5FWB]>FC XXF)>]., ]F ]<. ; - 9 B]W>f  >X ]<. X.] F5
AA d.)]FWX , >C ' ]<] 5`A6A  ,  0
_2i [O `A] ,>:CFX>X F5 )FC]>C`F`X=dW>$A. XgX].BX

(R <>R5(L <>R7>< 7M MRL><4 /U:R M(<M7R7X7R[& Y57$5 7M R[@7$::[ $><M7'(L(' />L
M$:L /U:RMD M />L  '(R(L;7<7MR7$ L(M7'U:& R5( 7<<>XR7>< M74<: 7M MRL><4:[ /U:R
M(<M7R7X( Y5(< 7R L($5(M  <><6\(L> MR('[ MRR( X:U( />L  MR(@6:79( /U:R& / $7% 
/" .*.  & />L <[ $><MR<R <><6\(L> /D 57M @L>@(LR[ $< ( $5($9('  @>MR(L7>L7
[ $>;@UR7<4 R5( MR('[ MRR( 47< >/ R5( RL<M/(L /U<$R7>< (RY((< /U:R / <'
7<<>XR7>< 2 <' X(L7/[7<4 R5R 7R 5M R :(MR ><( <><6\(L> (<RL[D

#,! /+'. (&&'1/ (' /1.(' 2%1 11#%16


C  ,.].WB>C>X]>) 5WB.eFW@+ C.).XXWg C, X`56)>.C] )FC,>]>FCX 5FW ]<. .f>X].C). F5  W.X>,=
`A :.C.W]FW e<>)< >X X]WFC:Ag 5`A] X.CX>]>d. 5FW  :>d.C XgX].B <d. $..C ,.d.AFK., 'I2Z(O
<. )FWW.XKFC,>C: 5`A] >X X>, ]F $. X]WFC:Ag ,.].)]$A.O ] >X `C)A.W e<.]<.W ]<. >CCFd]>FC
X>:CA )FBK`]., X ]<. F`]K`] F5 ]<. 6A].W L[OIZ7M LFW X ]<. >CCFd]>FC F5  ABC 6A].W 5FW
]<. X`$XgX].B >C X].K _ F5 ]<. A:FW>]<B [OI^M >X C.).XXW>Ag X]WFC:Ag 5`A] X.CX>]>d.+ e<.C 
X]WFC:Ag ,.].)]$A. 5`A] >X )FCX>,.W.,O 

*9=8*@=*1/ 1" =( 89*@- A=18 / 89*@- A-@=*1/6 >L @L>@(L $5>7$(
>/ R5( L(M7'U: (X:UR7>< ;(R5>'& 7R 7M <($(MML[ R> <:[M( R5( MRR7MR7$: '7MRL7U6
R7>< >/ 2$7%D >L R5( M9( >/ M7;@:7$7R[& R5( M7RUR7><& Y5(L( 92 & 7$7%& 8$7%( 7 
4( "( E E E& L( <>L;::[ '7MRL7UR(' 7M $><M7'(L('D 5(<& R5( L(M7'U: 5M M[;@R>R76
$::[ AM 7 R(<'M R> 7<0<7R[B  UMM7< '7MRL7UR7>< Y7R5 9<>Y< XL7<$( <' Y7R5
\(L> ;(< >L <><6\(L> ;(<& '(@(<'7<4 >< Y5(R5(L ( $7% M[;@R>R7$::[ X<7M5(M
>L <>R MMU;7<4 R5( /U:R 7M MRL><4:[ '(R($R:(D 5( <>L;: '7MRL7UR7>< L(MU:RM /L>;
R5( :7<(L7R[ >/ R5( 0:R(L <' R5( MU@(LX7M(' @L>$(MMD
< >L'(L R> $5L$R(L7M( R57M '7MRL7UR7><& :(R UM $><M7'(L R5( M7RUR7><& Y5(L( R5(L(
7M <> U<9<>Y< 7<@UR& <' 5(<$( R5( L(M7'U: 4(<(LR>L 7M 47X(< [ APD?O1BD 5(
L(M><7<4 (:>Y :M> @@:7(M R> R5( :;< 0:R(L '(M74<(' />L R5( M[MR(; 47X(<
7< MR(@ T >/ R5( :4>L7R5; PD?S& UR R5( <>RR7><M L( ;>L( $U;(LM>;(D 5(
0LMR RY> ;>;(<RM >/ R5( '7MRL7UR7>< >/ 2$7% $< ( $>;@UR(' M />::>YMD (R
0 $7%  9$7% 4 9
9 $7%D 5(< $:MM7$: L(MU:RM >< MR('[ MRR( :;< 0:R(LM @L>6
X7'( R5( />::>Y7<4 (Z@L(MM7>< />L R5( ;(< <' R5( XL7<$( >/ 9 0 $7% 7< R5( M(<$(
>/ /U:R%
 $0
9$7%%  4
. 
  $0 0 $7% %
9$7% 9  (
. 

Y7R5  47X(< M R5( M(;76@>M7R7X( '(0<7R( M>:UR7>< >/ APD?OOBD [ MUMR7RUR7<4 R5(
M($><' (EUR7>< >/ APD?OTB AY7R5  #  B />L :$7% 7< R5( (Z@L(MM7>< >/ 2$7%
APD?O1B& R5( L(M7'U: $< ( YL7RR(< M
0 $7% '  ' ( $7% '  & &$7%E
2$7%   9 APDT]]B
5(< ( $7% X<7M5(M M 7 R(<'M R> 7<0<7R[& ><( '('U$(M /L>; APDT]]B Y7R5 ( $7%  4%
22    $2$7%%  4
. 
'
?    $2$7% 4 2 2 % $2$7% 4 2 2 %     '  &  & E
. 
[O2 ]F)<X]>) BF,.A 3 ABC 6A].W KKWF)< _2I

/& >< R5( $><RLL[ .  ( $7%  ( 6 4& R5( L(M7'U: ;(< 7M <><6\(L>D R $< (
>R7<(' /L>; R5( RL<M/(L /U<$R7>< (RY((< ( $Z% <' 2$Z% ' '('U$(' /L>; APD?OTB
<' APD?O+B& <;(:[  ?L $Z%  $Z
4 %  ' '  ' D <'(('& R5( ;(< >/ R5(
L(M7'U: 7M <>R57<4 UR R5( MR('[ MRR( X:U( >/ R5( L(M7'U: />L ( $7%  ( D 5UM&
'
2 2    $2$7%%   ?L $"% $
4 %  ' '  ' ( E
. 

R7:7R[ >/ R5( MU@(LX7M(' M[MR(; 7M 7;@:7$7R:[ MMU;(' Y5(< YL7R7<4 R57M (Z@L(M6
M7><D 5( XL7<$( >/ R5( L(M7'U: 7M U<$5<4('& M7<$( R5( /U:R M74<: 7M $><M7'(L('
M '(R(L;7<7MR7$D
5( @L>:(; >/ /U:R '(R($R7>< R5UM ;>U<RM R> '($7'7<4 (RY((< R5( />::>Y7<4
RY> 5[@>R5(M(M
2 
$2$7%%  M $4( ? % APDT]?B
' '
 
 
$2$7%%  M  ?L $"%  $
4 %  ' '  ' ( ( ? ( APDT]TB
Y5(L( R5( <>RR7><
$2$7%% '(<>R(M R5( '7MRL7UR7>< >/ 2$7%& <'

$2$7%%  M $( %
7<'7$R(M R5R R57M '7MRL7UR7>< 7M <>L;: Y7R5 ;(<  <' XL7<$(  M 7 R(<'M
R> 7<0<7R[D >R7$( R5R R5( L(M7'U: ;UMR ( MRL><4:[ M(<M7R7X( R> /U:R ( />L R5(
'7MRL7UR7><M U<'(L 2 <'  R> ( '7//(L(<RD
5( M[;@R>R7$ $5L$R(L >/ APDT]?B& APDT]TB 7M 'U( R> R5( (//($RM >/ 7<7R7: $><'76
R7><M <' 0:R(L RL<M7(<RM U@>< >$$ULL(<$( >/  /U:RD (4:($R7<4 MU$5 RL<M7(<RM& <'
MMU;7<4 R5R ( 7M 9<>Y<& ><( $< L($MR R5( >X( @L>:(; M R5( />::>Y7<4 R(MR >/
5[@>R5(M(MD

81-. ;62$ 49= 1" (D31=(99 =8/9*/= /1= 1@/= "185


(C-  96A- / 89(A+ C>/89 2$"%( E E E ( 2$7% />(- 9 >& /A>2A> / !+>8
3<51;"4 &//9 >D- >& /++/D(-% >D/ &F2/>&99 > >& A88-> >(, (-9>-> 7
2 
$2$4%%  $4(    '  &  & % /8 " / 4 / 7
  8/, >(, (-9>-> 1 A2 >/ - A-*-/D- >(, (-9>-> 72 2$4% 4  "( E E E ( 724"
(9 (9>8(A> 9

$2$4%%  $4(    '  &  & %
D&(+ /8 >(, (-9>-> 4 , 72
'

$2$4%%  $ ?L $"%  $
4 %  ' '  ' %( (    '  &  & E
57M @L>:(; 7M >/ R5( />L; >/  $5<4( '(R($R7>< 7< R5( ;(< >/  UMM7< X($R>L
 
M(EU(<$( A L>:(; PD=B Y7R5 ;$4% L(@:$(' [ 2$4%&
' .2  4&     '  &  &
 
<' .  "   ?L $"% $
4 %  ' '  ' ( D (<$(& R5(  :4>L7R5;
M(' ><  MR(@6:79( $5<4( $< ( UM(' />L L(M7'U: (X:UR7><& Y7R5 / R9(< M RY7$(
R5( ;7<7;U; ;4<7RU'( >/ R5( /U:R R> ( '(R($R(' >L M R5( ;>MR :79(:[ ;4<7RU'(
>/ R57M /U:RD 5( $>;@:(R( /U:R '(R($R7>< M[MR(; 7M '(@7$R(' 7< 74D PDT]D
_2_ [O `A] ,>:CFX>X F5 )FC]>C`F`X=dW>$A. XgX].BX

  

   
  

 


   

    
     


   
+ /+29+ `A] ,.].)]>FC XgX].B

#,! /+' & "1/1


C XFB. KKA>)]>FCX+ KW]>)`AWAg >C ]<. W. F5 KW.,>)]>d. B>C].CC).+ ]<. ,.Ag 5FW ,.=
].)]>FC Bg CF] $.  )W`)>A 5)]FW+ C, FC. Bg W.XFW] ]F C F55=A>C. KKWF)< ]F XFAd. 
X>BKA>6., d.WX>FC F5 ]<. $Fd. <gKF]<.X.X ].X]>C: KWF$A.BO <. BFX] W.).C] ,] Fd.W  XA>,=
>C: e>C,Fe 4 ,  # ' 4
W. )FCX>,.W.,+ C, ]<. ]>B. >CX]C] 4$ >X X.] ]F I+ e<>)< BF`C]X
]F )FCX>,.W>C: ]<] ]<. )<C:. <X 55.)]., AA .A.B.C]X F5 ]<. $])< F5 ,]O <. B.]<F, ]F
XFAd. ]<>X <gKF]<.X.X ].X]>C: KWF$A.B W.A>.X FC ]<. & =].X] e<>)< >X KW.X.C]., >C ]<. KK.C,>f
5FW  X)AW ,] X.]O 

5(< MRR7<4 R5( >X( 5[@>R5(M(M R(MR7<4 @L>:(;& R5( RL<M7(<R >/ R5( M[MR(;
<' R5( L(M7'U: 4(<(LR>L U@>< >$$ULL(<$( >/  /U:R L( <>R R9(< 7<R> $$>U<RD
57M ;[ M74<70$<R:[ //($R R5( '(R($R7>< '(: /  @L7>L7 9<>Y:('4( >< R5( /U:R
M(EU(<$( ( $4%( 4  72 ( 72 ' "( E E E 7M X7::(& R5( @(L/>L;<$( >/ R5( '(R($R7><
M[MR(; $< ( 7;@L>X(' [ 7<RL>'U$7<4  MU7R:( '[<;7$: @L>0:( >/ $5<4( 7<
R5(  :4>L7R5;D
>MR $>;;><:[& MR(@6:79( $5<4(M 7< R5( /U:R M(EU(<$( L( $><M7'(L('& <;(:[
( $4%  4 4  "( 1( E E E ( 72 4 "
APDT]SB
( $4%  ( 4 , 72
>L& 7<  $>;@$R Y[& ( $4%  ( ,.  & Y5(L( ( 7M  $><MR<R X($R>LD
U( R> R5( :7<(L7R[ >/ R5( M[MR(; APD?OTB <' R5( 0:R(L APD?O1B& R5( L(M7'U: M(6
EU(<$( $< ( YL7RR(< M
2$7%  2 2 $7% ' 3 $7( 72 %( APDT]3B
Y5(L( 2 2 $7% 7M R5( X:U( >/ R5( L(M7'U: 7< R5( M(<$( >/ /U:R& <' 3 $7( 72 % 7M
R5( $><RL7UR7>< R> 2$7% >/  /U:R >$$ULL7<4 R R7;( 72 / 7D < R5( $M( >/  MR(@6
:79( /U:R $><M7'(L(' >X(& 3$7( 72 % $< ( $>;@UR(' (M7:[N 7R ><:[ '(@(<'M ><
R5( '7//(L(<$( 7 4 72 & <' 5(<$(& 7M YL7RR(< Y7R5 < UM( >/ <>RR7>< 3$7( 72 % 
[O2 ]F)<X]>) BF,.A 3 ABC 6A].W KKWF)< _2^

3$7 4 72 %D >L R5( M9( >/ M7;@:7$7R[& ><:[  M$:L /U:R M(EU(<$( 7M $><M7'(L('D
5(<& 3 $7 4 72 %  3 0 $7 4 72 %/& Y5(L( 3
0 $7% 7M R5( L(M@><M( >/ M[MR(; APD?OTB&
APD?O1B R>  /U:R M74<: >/ R5( />L; APDT]SB Y7R5 /  "& />L 6$7%  4( $$7%  4
<' &$7%  4 />L :: 7 2 4& <' />L \(L> 7<7R7: $><'7R7><MD R $>7<$7'(M Y7R5 R5( MR(@
'
L(M@><M( >/ R5( M[MR(; Y7R5 RL<M/(L /U<$R7><  ?L $Z% $Z
4 %  ' '  ' D
5( 5[@>R5(M(M R(MR7<4 @L>:(; Y5(< R97<4 7<R> $$>U<R R5( '[<;7$: @L>0:( >/
R5( $5<4( $< ( YL7RR(< M

81-. ;62; 49= 1" (D31=(99 =8/9*/= 1@/= "185


(C-  96A- / 89(A+ C>/89 2$"%( E E E ( 2$7% />(- 9 >& /A>2A> / !+>8
3<51;"4 &//9 >D- >& /++/D(-% >D/ &F2/>&99 > >& A88-> >(, (-9>-> 7
2 
$2$4%%  $4(    '  &  & % /8 " / 4 / 7
  8/, >(, (-9>-> 1 A2 >/ - A-*-/D- >(, (-9>-> 72  2$4%(
4  "( E E E ( 72 4 " (9 (9>8(A> 9

$2$4%%  $4(    '  &  & % APDT]1B
D&(+ /8 >(, (-9>-> 4 , 72 
3 $4 4 72 %/(    '  &  & %E

$2$4%%  $0 APDT]PB

57M @L>:(; 7M 7< R5( />L; >/ L>:(; PD?]D APDT]1B& APDT]PB @L($7M(:[ 5X( R5(
/>L; APD?13B& APD?11B Y7R5 2$4% L(@:$7<4 ;$4%&    ' &  & L(@:$7<4 & 3
0 $44
72 %/ L(@:$7<4 3$4 4 72 % <' .2  4D 5(  :4>L7R5; M(' ><  9<>Y<
'[<;7$: @L>0:( >/ $5<4( $< R5UM ( @@:7(' Y7R5 3$7%  3 0 $7%/& Y5(L( / 7M
R9(< M RY7$( R5( ;7<7;U; ;4<7RU'( >/ R5( $5<4( R> ( '(R($R(' >L M R5( ;>MR
:79(:[ ;4<7RU'( >/ R57M $5<4(D

#,! /+'% %6 #' 6'&# ).(%


C ]<. X]].B.C] F5 KWF$A.B [OIi+ H 3! >X X`KKFX., ]F $. ,>55.W.C] 5WFB h.WF 5FW 3 0 0O'<>X
<gKF]<.X>X >X CF] d.W>6., e<.C ]<. ]WCX5.W 5`C)]>FC  1< U!  U , !  #  <X
CF ,>W.)] 5..,]<WF`:< ].WBO C ]<>X )X.+ FC. X<F`A, `X. H 4!  H, 4 , M ! -+ e<.W. M ,.CF].X
]<. B>C>B`B ,.Ag >C ]<. ;1 .A.B.C]X F5 ]<. B.C]>FC., ]WCX5.W 5`C)]>FCO 

>R7$( R5R MRL><4 /U:R M(<M7R7X7R[ 7M <> ;>L(  L(EU7L(' @L>@(LR[ >/ R5( L(M7'U:
7< >L'(L R> $57(X( /U:R '(R($R7><& Y5(< R5( '[<;7$: @L>0:( >/ R5( $5<4( 7M
$$>U<R(' />LD <'(('& 7R MU/0$(M R5R R5( '7MRL7UR7><M APDT]1B& APDT]PB ( '7//(L(<R
/>L M>;( R7;( 7<R(LX:D 5($97<4 R5R R5( /U:R MUM7MRM [ L(7<7R7:7MR7>< >/ R5(
 :4>L7R5; 7M 5>Y(X(L 7;@>MM7:( Y5(< R5( L(M7'U: 7M <>R MRL><4:[ /U:R
M(<M7R7X(D

#,! /+29 2%1 /-2'


<. )<F>). F5  X].K=A>@. 5`A] X.Q`.C). )C $. B,. e>]<F`] AFXX F5 :.C.WA>]gO C,..,+ F]<.W
X>:CA 5FWBX )F`A, KFXX>$Ag $. W.KW.X.C]., X ]<. X].K W.XKFCX. F5  A>C.W XgX].B+ C, ]<>X
A>C.W BF,.A )F`A, $. >C)A`,., >C ]<. X]].=XK). QXO L[OIZIMO 
_29 [O `A] ,>:CFX>X F5 )FC]>C`F`X=dW>$A. XgX].BX

6#(" /+' )&$0+* !#) 5&)%


<.  A:FW>]<B $X., FC ]<. @CFeA.,:. F5 ]<. ,gCB>)A KWF6A. F5 )<C:. e>AA $.
`X., ]F ,.].)] ]<. F))`WW.C). F5 5`A] -+ O C FW,.W ]F ,.].WB>C. ]<. ,gCB>)A KWF6A. F5 ]<.
)<C:. ]F $. `X., >C ]<. A:FW>]<B+ >] X`56).X ]F )FCX>,.W ]<. W.XKFCX. F5 ]<. XgX].B B,. F5
QXO L[OID9M+ L[OID7M+ L[OID[M+ L[OIDZM ]F  X].K=A>@. 5`A] - + + @..K>C: AA F]<.W >CK`] X>:CAX
.Q`A ]F h.WF C, X]W]>C: e>]< h.WF >C>]>A )FC,>]>FCXO <>X )FWW.XKFC,X
' ]F ]<. X].K W.XKFCX. F5
]<. ]WCX5.W 5`C)]>FC  1< U!   U , !  #  e>]< W.XK.)] ]F ]<. 6WX] >CK`]O
>d.C ]<. XK.)>6)]>FCX+ FC. ,.)>,.X ]<] ]<. XBAA.X] $>X FC > ]F $. ,.].)]., >X
0A0- ,.:\XO -+ >X X.] ]F ]e>). ]<>X dA`.+ e<>)< g>.A,X 0A0 ,.:\XO  X].K F5 B:C>]`,.
0A0 ,.:\X >X ]<`X KKA>., X X>:CA 5FW -+ O <. d.)]FW ,gCB>)A KWF6A. F5 )<C:. e>]<
, + >X KAF]]., >C >:O [O_IO
W.XK.)] ]F 5`A] -+ + 0A0 )

ç²¥

ç²çx

‡ç²çx

‡ç²¥

‡ç²¥x
ç xç ¥çç ¥xç Öçç
+ /+2'+ gCB>) KWF6A. F5 )<C:. 5FW 5`A] -+ Y 6WX] )FBKFC.C] F5
0A0 H,+ L)FC]>C`F`X A>C.MY X.)FC, )FBKFC.C] L,X<=,F]]., A>C.M

<. .dFA`]>FC F5 ]<.  ,.)>X>FC 5`C)]>FCX 5FW ,.].)]>FC F5 -+ + .+ >X KAF]]., >C
>:O [O__O <. >C,>)]., ]<W.X<FA, L,X<., A>C.M <X $..C X.] FC ]<. $X>X F5 ]<. dA`. F5 ]<.
,.)>X>FC 5`C)]>FC 5FW ]<. 6WX] +00 XBKA.X L<.A]<g eFW@>C: BF,.MO <. W.>C>]>A>X]>FC KFA>)g
>X ]<. W.X.] KWF).,`W. >C,>)]., >C ]<. ,.X)W>K]>FC F5 ]<. A:FW>]<BO C. CF]>).X ]<. W.K.].,
]<W.X<FA, )WFXX>C: F5 ]<. ,.)>X>FC 5`C)]>FC .+ e<>A. ]<. 5`A] >X KW.X.C] L5WFB XBKA. +00 ]F
)00MO 

;6 6> @-= 9=*.=*1/

< R57M M($R7><&  ;>'(: >/ R5( />L; APD?O?B 7< Y57$5 ?'  " 7M $><M7'(L('D (6
M7'(M& 7R 7M MMU;(' R5R MR(@6:79( /U:RM >/ U<9<>Y< ;4<7RU'( >$$ULD 5UM  M$:L
M(EU(<$( / $4%( 4  "( 1( E E E >/ R5( />L; APDT]SB Y7R5 < U<9<>Y< $><MR<R / 7M
MMU;('D
5( @L>:(; $< ( MRR(' M%
81-. ;62: 4@-= 9=*.=*1/5
(C-
15  ,/+ / >& 28/99 / >& /8, 3<51;14 9A)> >/  9+8 9>2'+(* A+>
96A- / $4%  /" ,.  / A-*-/D- ,%-(>A /5
[O2 ]F)<X]>) BF,.A 3 ABC 6A].W KKWF)< _27

 

 

 


       

+ /+22+  ,.)>X>FC 5`C)]>FC W.X`A]>C: 5WFB KKA>)]>FC ]F ]<.


>CCFd]>FC X.Q`.C). F5 >:O [OID F5 ]<.  A:FW>]<B $X., FC
]<. @CFeC ,gCB>)A KWF6A. F5 )<C:. L>:O [O_IM

@5  96A- / ,9A8 28/99 (-2A> - /A>2A> C+A9


$:$4%( 6$4%% ,. (
D&8 7 -/>9 >& A88-> >(, (-9>->5
&//9 >D- >& /++/D(-% >D/ &F2/>&99
2  &+>&F /28>(-% /-(>(/-
  A+>F /28>(-% /-(>(/-5
&-  (9 9+> - 9>(,> / >& A+> /A88- >(, 7 2  - / >& A+>
,%-(>A /  9&/A+  28/C(5
M />L R5( /U:R '(R($R7>< @L>:(;&  RY> MR(@ @L>$('UL( 7M UM(' R> M>:X( R57M @L>6
:(;D 5( 0LMR MR(@& <;(:[ R5( L(M7'U: 4(<(LR7><& 7M R5( M;( />L >R5 @L>:(;MD
>L L(M7'U: (X:UR7><&  4(<(L:7M(' :79(:75>>' LR7> :4>L7R5; 7M UM(' R> >R7< <
(MR7;R( >/ R5( /U:R ;4<7RU'(D <'(('& 47X(< R5( M@($70$ /U:R ;>'(:& R5( L(M7'U:
(X:UR7>< L('U$(M R> L>:(; PD?P 7< Y57$5 / 7M U<9<>Y<D (<$(& 7R 7M >/ R5( />L;
>/ L>:(; PD??D APDT]1B& APDT]PB @L($7M(:[ 5X( R5( />L; APD?P?B& APD?PTB Y7R5 2$4%
L(@:$7<4 ;$4%&    '  &  & L(@:$7<4 & / L(@:$7<4 @ <' .2  4D 5(  
:4>L7R5; M(' ><  9<>Y< '[<;7$: @L>0:( >/ $5<4( UR < U<9<>Y< /U:R ;46
<7RU'( $< R5UM '7L($R:[ ( UM(' R> @L>$(MM R5( L(M7'U: X($R>L 7< >L'(L R> >R7< <
><6:7<( M>:UR7>< R> L>:(; PD?OD
6#(" /+' )&$0+* !#) 5&)%
.] `X :>C )FCX>,.W ]<. >CCFd]>FC X.Q`.C). ,.K>)]., >C >:O [OIDO CX]., F5 `X>C: 
 A:FW>]<B+ e. CFe K.W5FWB    A:FW>]<B FC ]<>X X.Q`.C).O  ,gCB>)A KWF6A.
F5 )<C:. <X ]F $. KWFd>,.,O ] )C $. )FBK`]., X 5FW ]<.  A:FW>]<B C, FC. :.]X
 KWF6A. X>B>AW ]F >:O [O_I .f).K] ]<] ]<. B>C>B`B 5`A] B:C>]`,. >X CF] ))F`C]., 5FWO
<`X ]F F$]>C ]<. ,gCB>)A KWF6A. H,+ + ]<. X>:CA -+ e<>)< >X `X., >X  X].K 5`C)]>FC e>]<
`C>] B:C>]`,. >CX]., F5 ]<. B:C>]`,. F5 0A0 ,.:\X `X., KW.d>F`XAgO
 >X )<FX.C X 0O <>X AAFeX FC. ]F ,.].WB>C.  Q`>]. KW.)>X. .X]>B]. F5 ]<. 5`A]
B:C>]`,. >C ]<. W.>C>]>A>X]>FC KWF).,`W.O >d.C ]<. dA`.X F5 ]<. ,.)>X>FC 5`C)]>FC F$]>C.,
_2[ [O `A] ,>:CFX>X F5 )FC]>C`F`X=dW>$A. XgX].BX

5FW ]<. 6WX] +00 ,]+ e<>)< )FWW.XKFC, ]F ]<. X.] U$ !' / / / ' U$ $ !+ C, :>d.C >]X dA`.X
`KFC F))`WW.C). F5 ]<. 5`A]+ ]<. ]<W.X<FA, 1 >X X.] ]F +0O <. .dFA`]>FC F5 ]<.   ,.)>X>FC
5`C)]>FC >X KAF]]., >C >:O [O_^O )< ]>B. ]<. ]<W.X<FA, >X )WFXX.,+ C AWB >X :.C.W].,+ C,
]<. ,.)>X>FC 5`C)]>FC W.B>CX .Q`A ]F h.WF `C]>A .CF`:< ,] W. d>A$A. 5FW .X]>B]>C: ]<.
5`A] B:C>]`,. >C  W.A>$A. egO <. W.)`WX>d. A:FW>]<B W.X]W]X ] 4 $ #  O

Ñç

Öç

¥ç

ç
ç xçç ¥ççç

+ /+21+   ,.)>X>FC 5`C)]>FC W.X`A]>C: 5WFB KKA>)]>FC ]F ]<.


>CCFd]>FC X.Q`.C). F5 >:O [OID F5 ]<. A:FW>]<B e>]< @CFeC
,gCB>)A KWF6A. F5 )<C:.

F]. ]<] X`)).XX>d. )<C:.X X.KW]., $g A.XX ]<C  XBKA.X )CCF] $. <C,A., KWFK.WAgO
FW ]<. )FCX>,.W., ,]+ C AWB >X :.C.W]., ] ]>B. >CX]C]X +0 C, )0)O <. .X]>B].,
)<C:. ]>B.X W. +00 C, )0 e<>A. ]<. )]`A )<C:.X F))`W ] +0 C, )0O AA C`B$.WX
X<F`A, $. B`A]>KA>., $g ]<. XBKA>C: K.W>F, ]F F$]>C ]>B. >C X.)FC,XO <. .X]>B].X F5
]<. )<C:. B:C>]`,. `X., 5FW W.>C>]>A>X]>FC W. W.XK.)]>d.Ag 0A0-0 5FW ]<. KFX>]>d. )<C:.
C, ,0A0(+ 5FW ]<. C.:]>d. )<C:. L,>XKK.WC). F5 ]<. 5`A]MO .B.B$.W ]<] ]<. )]`A
)<C:. B:C>]`,. >X 0A >C $F]< )X.XO F]>). ]<] ]<. .X]>B]. F5 ]<. )<C:. B:C>]`,.
KAF]]., >C >:O [O_9 )FCd.W:.X W.A]>d.Ag 5X] 5].W F))`WW.C). F5  5`A]O .C). ]<. <FW>hFC
 )F`A, KFXX>$Ag $. )<FX.C XBAA.W 5FW ]<>X X>]`]>FC+ g.] ]<>X dA`. >X `X., ]F B@. ]<.
)FCd.W:.C). F5 ]<. .X]>B]. d>X>$A. >C ]<. KAF]O

ç²{

ç²Ö

‡ç²Ö

‡ç²{
ç xçç ¥ççç

+ /+2+ X]>B]. F5 ]<. )<C:. B:C>]`,. W.X`A]>C: 5WFB


KKA>)]>FC ]F ]<. >CCFd]>FC X.Q`.C). F5 >:O [OID F5 ]<.  
A:FW>]<B e>]< @CFeC ,gCB>)A KWF6A. F5 )<C:.
[O2 ]F)<X]>) BF,.A 3 ABC 6A].W KKWF)< _2Z

;6 6& @-= *91-=*1/

@ R> <>Y R5( @:<R ;>'(: UM(' 7< R5( MR>$5MR7$ /L;(Y>L9 ><:[ $><R7<(' ><(
M7<4:( A@>MM7:[ X($R>LB /U:R R> ( '(R($R('D >Y(X(L& ;>MR >/R(< M(X(L: /U:RM ;[
//($R R5( (5X7>UL >/ R5( MU@(LX7M(' @L>$(MM& <' ><( M5>U:' <>R ><:[ '(R($R R5(;&
UR :M> 7M>:R( R5( /U:R[ $>;@><(<RMD < @@L>@L7R( ;>'(: R> '(M$L7( R5( @L>$(MM
R5(< R9(M R5( />L;
4
3
9$7 ' "%  9$7% ' 6$7% '  , /, $7% '  & &$7%
,
9$4%  92 APDT]OB
4
3
:$7%  9$7% ' 6$7% '  , /, $7% '  & &$7%(
,

Y5(L(& />L R5( M9( >/ M7;@:7$7R[& M$:L /U:RM /, ( 4  "( E E E ( ?' L( $><M7'(L('D
<( Y[ R> '(R($R <' 7M>:R(  M7<4:( /U:R& M[ / & 7M R> '(M74<  L(M7'U: Y57$5
7M ><:[ M(<M7R7X( R> R5R /U:R <' R> (X:UR( 7R 7< < @@L>@L7R( Y 57M $<
( $57(X(' [ L($MR7<4 R5( @L>:(; M  /U:R '(R($R7>< @L>:(; />L  M@($70$
M[MR(; Y7R5 U<9<>Y< 7<@URD X7>UM:[& R5( U<9<>Y< 7<@UR X($R>L ;UMR ( ;'(
>/ R5( /U:RM <>R R> ( '(R($R('& <' R5UM R5( ;>'(: R9(M R5( />L; APD?O?B Y7R5

$  / ( E E E ( / ( /$ ( E E E ( /4 <' /  / D <( $< <>Y @L>$((' M 7< R5(
M($R7>< >< /U:R '(R($R7>< A<' (MR7;R7><B R> U7:'  M[MR(; R5R '(R($RM& 7M>:R(M
<' @>MM7:[ (MR7;R(M /U:R / D
/ ($5 /U:R ;UMR ( '(R($R(' <' 7M>:R('& ><( M>:UR7>< 7M R> M>:X( ?' /U:R '(6
R($R7>< A<' (MR7;R7><B @L>:(;M >/ R5( />L; 8UMR ;(<R7><('D 57M [7(:'M  <9
>/ L(M7'U: 4(<(LR>LM& ($5 ><( (7<4 //($R(' [  M7<4:( /U:RD 5( R:( (:>Y
L(@L(M(<RM R5( M7RUR7>< Y5(< ?'  /D

- ;6& //($RM >/ R5( /U:RM >< R5( L(M7'U:M


( (. (,
2 5 ] ]
2. ] 5 ]
2, ] ] 5

Y5(L(  5 7<'7$R(M R5R R5( /U:R 7< R5( $>LL(M@><'7<4 $>:U;< //($RM R5( L(M7'U:
>/ R5( $>LL(M@><'7<4 L>YD $5 L(M7'U: $< ( @L>$(MM(' 7<'7X7'U::[ [   
:4>L7R5; >L   :4>L7R5;& $$>L'7<4 M < (MR7;R( >/ R5( /U:R ;4<7RU'(
7M <(('(' >L <>RD
L>; R5( $><'7R7><M />L /U:R '(R($R7:7R[& R5( />::>Y7<4 <($(MML[ $><'7R7><M $<
( '('U$(' />L R5( >X( M$5(;( R> Y>L9
'
) $ L' $M% L' $M% % 2 ) L' $M% APDT]+B
/>L :: <( 6  "( E E E ( ?' ( < 6 6(
_22 [O `A] ,>:CFX>X F5 )FC]>C`F`X=dW>$A. XgX].BX

Y5(L( L' $Z% 7M R5( RL<M/(L ;RL7Z (RY((< /1 <' Y D  <($(MML[ $><'7R7><
/>L APDT]+B R> 5>:' 7M ?' / C& Y5(L( C 7M R5( <U;(L >/ ;(MUL(' >UR@UR M74<:M
A'7;(<M7>< >/ :BD
5(< 7R 7M <>R @>MM7:( R> '(M74< L(M7'U: 4(<(LR>LM 7< MU$5  Y[ R5R ($5
L(M7'U: 7M ><:[ M(<M7R7X( R>  M7<4:( /U:R& 7R 7M MR7:: @>MM7:( R> $57(X( /U:R 7M>:R7><
@L>X7'(' R5( \(L> (<RL7(M 7< R5( R:( $5L$R(L7M7<4 R5( (//($R >/ R5( /U:RM >< R5(
L(M7'U: 5X(  '7//(L(<R @RR(L< 7< ($5 $>:U;<D >Y(X(L& ><:[  '74><: MRLU$RUL(
MU$5 M 7< :( PD3 ::>YM 7M>:R7>< >/ ;U:R7@:( M7;U:R<(>UM /U:RMD

#,! /+2' (2'1#' (. (..%1#(' 14' ./#2% 31(./


>C). ]<. ,>55.W.C] W.X>,`A d.)]FWX W. $`>A] FC ]<. $X>X F5 ]<. XB. X]F)<X]>) BF,.A+ ]<.g
W. :.C.WAAg )FWW.A].,O .C). ]<. W.X>,`A .dA`]>FC X<F`A, >,.AAg $. )WW>., F`] FC ]<.
X])@., W.X>,`A d.)]FW
'
( 4!  (  4! ( 4! AAA ( ) 4! A
<. KWF$A.B )C ]<.C $. eW>]].C >C ]<. 5FWB F5  B`A]>KA. <gKF]<.X.X ].X]>C:O <. >C].W.X].,
W.,.W >X W.5.WW., ]F 'IZD(+ 'II9( 5FW ]<. A:FW>]<BX ]F $. `X.,O 

6#(" /+' )&$0+* !#) 5&)%


`A]X FC $F]< ]<. W]. X.CXFW C, ]<. C:`AW KFX>]>FC X.CXFW W. CFe )FCX>,.W.,O >:`W. [O_7
,.K>)]X ]<. B.X`W.B.C] X>:CAX F$]>C., e<.C X].K=A>@. 5`A]X e>]< B:C>]`,. 0A ,.:\X
C, 0A ,.: W. W.XK.)]>d.Ag >C]WF,`)., FC >' $.]e..C ]>B. >CX]C] +0 C, )00 C, FC
E' $.]e..C ]>B. >CX]C] 00 C, -00O AA ]>B. ,] W. .fKW.XX., >C C`B$.W F5 XBKA>C:
K.W>F,XO

‡¥
ç xçç ¥ççç ¥xçç
+ /+2+ C:`AW W]. C, <.,>C: B.X`W.B.C]X

C FW,.W ]F )<>.d. 5`A] >XFA]>FC+ ]eF W.X>,`A X>:CAX W. :.C.W].,+ FC. $.>C: X.CX>]>d. ]F
-+ + ]<. F]<.W ]F -/ O F ]<>X .C,+ )FCX>,.W ]<. XBKA.,=,] X<>K BF,.A L[OID9M+ L[OID7MO 5 
ABC 6A].W >X ,.X>:C., 5FW ]<>X XgX].B `X>C: FCAg ]<. 6WX] B.X`W.B.C] .Q`]>FC >C L[OID7M+
]<. W.X`A]>C: W.X>,`A e>AA FCAg $. 55.)]., $g -+ O `)<  6A].W )CCF] $. ,.X>:C., $.)`X.
]<. W.X`A]>C: XgX].B >X CF] ,.].)]$A.O Fe.d.W+ ]<.W. >X CF C.., ]F .X]>B]. ]<. e<FA. X]].

%  U! X]C,X 5FW ]<. CFWBA WC@ F5 B]W>f  U!Y >] )C $. )FBK`]., X
/= %  U!
[O2 ]F)<X]>) BF,.A 3 ABC 6A].W KKWF)< _2D

]F :.C.W].  W.X>,`AY >] X`56).X ]F ,.X>:C  ABC 6A].W 5FW ]<. 6WX] ^ X]]. .Q`]>FCX >C
L[OID9M C, ]<. 6WX] B.X`W.B.C] .Q`]>FCO <>X 6A].W ]@.X ]<. 5FWB*
$ + $ +$ +
S : 4 # ! ,0A- ,0A)+) 0 S : 4!
" S : 4 # ! )  " 0A 0A0) 0 ) " S : 4! )
>  4 # ! 0 0 0A0000 >  4!
$ + $ +
0 ,0A)()0
# " 0 ) ) 4! # " 0A0 )
0A000 0A0000
$ $ ++
S
: 4!
/ ">' 4! ,  0 ! " S
: 4! )) L[O_iDM
>  4!
<. >CCFd]>FC >X )FBK`]., 5WFB
$ +
S
: 4!
G+ 4!  >' 4! ,  0 ! " S
: 4! ) L[O_IiM
>  4!
] >X KAF]]., >C >:O [O_[ LMO  X>:C>6)C] )<C:. >C ]<. B.C F5 ]<>X X>:CA >X d>X>$A. e<.C
]<. 5`A] FC > >X KW.X.C]O

¥ ¥

ç²x
ç²x
ç

‡ç²x
ç
‡¥

‡ç²x ‡¥²x
ç xçç ¥ççç ¥xçç ç xçç ¥ççç ¥xçç

LM L$M
+ /+2/+ .X>,`A 55.)]., $g -+ LM FW -/ L$M FCAg

<. ,.X>:C F5  W.X>,`A :.C.W]FW 5FW ,.].)]>FC C, >XFA]>FC F5 - / >X $X., FC ]<. BF,.A
B,. F5 QXO L[OID9M C, L[OID7MO <>X XgX].B >X ,.].)]$A. C, ]<. >CCFd]>FC+ G / + F5 ]<.
ABC 6A].W $X., FC ]<. $Fd. BF,.A >X 55.)]., $g 5`A] -/ X )C $. X..C >C >:O [O_[ L$MO
Fe.d.W+ ]<. A]].W 5`A] >X CF] X]WFC:Ag ,.].)]$A.O
.C). 5FW .dA`]>FC F5 W.X>,`A G/ + FC. <X ]F W.XFW] ]F ]<.   A:FW>]<B+ X>C). >] >X CF]
KFXX>$A. ]F ,.].)] 5`A] ,>XKK.WC). $g X`)).XX>d. W.>C>]>A>X]>FC F5   A:FW>]<BO
<. A]].W FK]>FC >X KFXX>$A. 5FW .dA`]>FC F5 G+ <Fe.d.WO >:`W. [O_Z W.KW.X.C] ]<.   ,.=
)>X>FC 5`C)]>FC F$]>C., $g KWF).XX>C: ]<. W.X>,`A X.Q`.C). F5 >:O [O_[ LM C, ]<. 
,.)>X>FC 5`C)]>FC F$]>C., $g KWF).XX>C: ]<. W.X>,`A F5 >:O [O_[ L$MO .K.]., AWBX W.
>XX`., $g ]<.  A:FW>]<B+ ]<. 6WX] F))`WW>C: ] ]>B. +00+ ]<. AX] FC. ] ]>B. (O
C ]<>X ]>B. >C].WdA+ ]<.  ,.)>X>FC 5`C)]>FC )WFXX.X >]X ]<W.X<FA, .d.Wg  XBKA.X FC
]<. d.W:.O KK.WC). C, ,>XKK.WC). F5 ]<. 5`A] FC ]<. C:`AW W]. B.X`W.B.C] )C
]<`X $. ,.].)]., C, >XFA].,O X 5W X ]<.   ,.)>X>FC 5`C)]>FC F5 >:O [O_Z LM >X )FC=
).WC.,+ >] W.)<.X >]X ]<W.X<FA, ] ]>B. 0+ C, ]<. .X]>B]., 5`A] F))`WW.C). ]>B. F5 - / >X
_Di [O `A] ,>:CFX>X F5 )FC]>C`F`X=dW>$A. XgX].BX

00 L)]`A dA`. 0MO <. .X]>B]., 5`A] B:C>]`,. $X., FC ]<. W.X>,`A >C ]<. ]>B. e>C=
,Fe 00 
>X 0A+ e<>)< >X >C .WWFW $g 0 NO 5].W W.>C>]>A>X]>FC+ ]<.   A:FW>]<B
,.].)]X 5`A] ,>XKK.WC). ] ]>B. -0+ C, >] KWFd>,.X >CX]C] -0 X ]<. .X]>B]. F5 ]<.
)<C:. F))`WW.C). ]>B.+ CB.Ag ]<. )FWW.)] ]>B. >CX]C]O <. .X]>B]., )<C:. B:C>]`,. >X
,0A) e<>)< >X >C .WWFW $g -+ NO

¥x xç


¥ç
Ñç

Öç
x
¥ç

ç ç
ç xçç ¥ççç ¥xçç ç xçç ¥ççç ¥xçç

LM L$M
+ /+2.+  ,.)>X>FC 5`C)]>FC C,   ,.)>X>FC 5`C)]>FC
W.X`A]>C: 5WFB .dA`]>FC F5 G/ LM C, G+ L$M

0+' 7-!..

6,- /+' /#2% '.1(. (. )(/#1#(' 121(.


FCX>,.W ]<. XgX].B >C >:O ^O2 C, KWB.].WX :>d.C >C f.W)>X. ^O^O <.W. >X CF B.X`W.=
B.C] CF>X. >C ]<. .f.W)>X.O
IO BKA.B.C]  )C,>,]. W.X>,`A :.C.W]FWO X. ]<. KW>]g .Q`]>FCX
* I!  T' I! , T I!'
e<.W.

T  I!  40 , 2' I!! '
I 5*5 # "
C,

T I!  ;' I!! A
I
Cd.X]>:]. ]<. KWFK.W]>.X F5 ]<.X. KF].C]>A W.X>,`A :.C.W]FWX $g KKAg>C: X].K )<C:.X
FC .>]<.W F5 ]<. 5`A]XO
_O FCX>,.W 5`W]<.W ]<. KFXX>$A. 5`A] >C ]<. X<5] XK.., X.CXFWO Cd.X]>:]. .fK.W>B.C]AAg
e<.]<.W AA ]<W.. 5`A]X )C $. ,.].)]., C, >XFA].,O
^O .W>d. ]<. ]WCX5.W 5`C)]>FC B]W>f  < I! C, `X. ]<>X ]F .fKA>C ]<. F$X.Wd]>FCXO 
[OD f.W)>X.X _DI

6,- /+2 /#2% '.1#(' 2/#' 1! ).#16 /) )).(!


<>X .f.W)>X. ,.AX e>]< W.X>,`A :.C.W]FW 5FW ]<. >C,`X]W>A )]`]FWO .5.W ]F >:O ^OZO <.
,>X]`W$C). >X & A <. >CK`] >X 2 A <. B.X`W.B.C]X W. ;' C, N' A
IO .].WB>C. ]<. ]WCX5.W 5`C)]>FC B]W>).X  <8 I! C,  < I!A
_O W>]. ]<. ]WCX5.W
!5`C)]>FC B]W>f (
 <8 I!  < I!
 I!  A

^O W>].  I! >C ]<. 5FWB
 ,
 I!   I!
1 I!
, >X  KFAgCFB>A B]W>fO
e<.W.

, I!O
9O .].WB>C. ]<. WC@ F5 
,  I!O
7O .].WB>C. ]<. C`AAXK). F5 
,  I!+ ,.].WB>C. W.X>,`A :.C.W]FWLXM
[O WFB ]<. C`AAXK). F5 
( I!   18 I!, I! #  1< I!0 I!
]<] B@. ]<. W.X>,`A >C,.K.C,.C] F5 `C@CFeC >CK`]O .W>5g ]<>X KWFK.W]g $g X<Fe>C:
]<]
 1< I! <  0A
ZO .].WB>C. ]<. W.A]>FC
 ,
( I!   1< I! < I!   I!
1 I!
C, ,.].WB>C. e<>)< F5 ]<. ]<W.. 5`A]X -# + -) C, -7 W. ,.].)]$A.O 

6,- /+1 /#2% '.1#(' (. /#' %"5#/ /1%%#1


C )FC]>C`]>FC F5 f.W)>X. 7O^ ]<>X .f.W)>X. ,.AX e>]< W.X>,`A :.C.W]>FC 5FW ]<. X>C:A. f>X
X].AA>].O
 X]].=XK). BF,.A 5FW ]<. X>C:A. f>X >X :>d.C $g

S  

4P # 4P # R$ !
S  S
T  S # - 
T  S #-
T  S # -
T  4  P # -
T
 4 P # -
'
e<.W. S >X ]<. C:`AW d.AF)>]g+ S ]<. C:A. F5 ]<. X].AA>]. C, CFB>CA KWB.].WX W.
 A++ 
4 4  0A A
<.W. W. ]eF >CK`] X>:CAX+ P C, P ]F )]`]FWX I C, _+ W.XK.)]>d.AgO <.W. >X FC.
`C@CFeC >CK`] (O <. B:C>]`,. F5 ( >X CF] @CFeC KW>FW ]F ]<. A`C)< F5 ]<. X].AA>].+ $`] >]
>X @CFeC ]<] ( >X )FCX]C] Fd.W ]>B.O
<.W. W. 6d. B.X`W.B.C]X* T B.X`W.X ]<. X]]. S + T C, T B.X`W. ]<. X]]. S O T
B.X`W.X ]<. )]`A ]FWQ`. 5WFB )]`]FW I+ T
B.X`W.X ]<. )]`A ]FWQ`. 5WFB )]`]FW _O
_D_ [O `A] ,>:CFX>X F5 )FC]>C`F`X=dW>$A. XgX].BX

IO .].WB>C. ]<. ]WCX5.W 5`C)]>FC B]W>).X  <8 I! C,  < I!A


_O .].WB>C. ]<. ]WCX5.W 5`C)]>FC B]W>f
! (
 <8 I!  < I!
 I!  A

^O W>].  I! >C ]<. 5FWB
 ,
 I!   I!
1 I!
, >X  KFAgCFB>A B]W>fO
e<.W. 
9O .].WB>C. ]<. WC@ F5  , I!O
7O Fe BCg >C,.K.C,.C] W.X>,`A :.C.W]FWX )C $. .fK.)]., ]<] W. >C,.K.C,.C] F5 >CK`]
, I! C, F5 ,>X]`W$C).X ( I!O
, I!O
[O >C, ]<. A.5] C`AAXK). F5 
ZO .].WB>C.  W.X>,`A :.C.W]FW $X., FC ]<. C`AAXK).O 

6,- /+ .().1#/ ( ./#2% '.1(./ (. /#' %"5#/ /1%%#1


<>X .f.W)>X. >X  )FC]>C`]>FC F5 [O^O
IO .].WB>C. ]<. W.XKFCX. F5 ]<. W.X>,`A d.)]FW ]F ]<. ,,>]>d. 5`A]X FC T  ]F T
$g )A)`=
A]>C:
( I!   1< I! < I! I!A
_O .].WB>C. e<>)< F5 ]<. $Fd. 5`A]X W. ,.].)]$A. C, e<>)< W. X]WFC:Ag ,.].)]$A.O
^O .].WB>C. e<>)< F5 $Fd. 5`A]X )C $. >XFA].,O
X K`W. ,>55.W.C]>]>FC FW >C].:W]>FC W. CF] 5.X>$A. >C ]<. KW.X.C). F5 B.X`W.B.C]
CF>X.+  6A].W >X KKA>., FC FC. F5 ]<. W.X>,`AXO Cd.X]>:]. ]<. 5.]`W.X F5 ]eF KWFKFX.,
W.X>,`A :.C.W]FWXO F]< <d. ]<. 5FWB
 I
G I!  T I! , T I!
I#" I#"
G  I!  T I! , T I!A
.WX>FC  <X "  0A0+ d.WX>FC $ <X "  0O
9O >X)`XX ]<. KWFK.W]>.X F5 ]<. ]eF W.X>,`A :.C.W]FWX L,.].)]$>A>]g+ X]WFC: ,.].)]$>A>]g+
>XFA$>A>]gMO KKAg  6f., ]<W.X<FA, FC .>]<.W X.] F5 :.C.W]FWX ]F ,.].)] >5  5`A] >X
KW.X.C] C, d.W>5g gF`W W.X`A]X $g X>B`A]>FCO 

6,- /+ /#2% '.1(. /# ' " ()1#&#/1#(' &1!(


<>X .f.W)>X. ,,W.XX.X ]<. KFX>]>FC X.WdF 5WFB f.W)>X. ^O_+ >:O 7O^7O <. .f.W)>X. >X ]F
,.X>:C W.X>,`A :.C.W]FWX $X., FC ]<. X]C,W, X.]`K `X., >C WF$`X] )FC]WFAO ] >X XX`B.,
]<] FCAg  X>C:A. 5`A] )C KK.W ]  ]>B.O
IO FWB`A]. ]<.  KWF$A.B 5FW ]<. XgX].B X  X]C,W, KWF$A.BO ,.C]>5g ]<. B]W>).X
]<] C.., ]F $. X.A.)]., >C )FCC.)]>FC e>]< ]<. ,.X>:CO
_O .X>:C W.X>,`A :.C.W]FWX 5FW 5`A] ,.].)]>FC `X>C: ]<. X]C,W, X.]`K C, X]C,W, ,.=
X>:C B.]<F,XO
[OD f.W)>X.X _D^

^O .X>:C  W.X>,`A :.C.W]FW 5FW 5`A] >XFA]>FC C, 5`A] .X]>B]>FC `X>C: ]<. X]C,W,
X.]`K C, X]C,W, ,.X>:C B.]<F,XO 

6,- /+/ /#2% '.1(. 4#1! ' 5)%##1 /)#1#('


<>X .f.W)>X. ,,W.XX.X ]<. KFX>]>FC X.WdF 5WFB f.W)>X. ^O_+ >:O 7O^[O
XX`B. ]<. AF, KFXX.XX  ,FB>CC] ,>X]`W$C). $Fd. iO7 W,\XO

IO FWB`A].  XK.)>6)]>FC  = I! C,  = I! 5FW ]<. ,.X>:CO


_O FWB`A]. ]<. 5`A] ,.].)]>FC C, >XFA]>FC KWF$A.B 5FW ]<. XgX].B X  X]C,W, KWF$A.BO
,.C]>5g ]<. B]W>).X ]<] C.., ]F $. X.A.)]., >C )FCC.)]>FC e>]< ]<. ,.X>:CO
^O .X>:C W.X>,`A :.C.W]FWX 5FW 5`A] ,.].)]>FC X>C: ]<. X]C,W, X.]`K C, X]C,W, ,.X>:C
B.]<F,XO
9O .X>:C  W.X>,`A :.C.W]FW 5FW 5`A] >XFA]>FC C, 5`A] .X]>B]>FC `X>C: ]<. X]C,W,
X.]`K C, X]C,W, ,.X>:C B.]<F,XO 

6,- /+. (3.#' (  %1. (21)21 " #')21 #/ ' %#&#1 '(#/
>d.C  AFe=KXX 6A].W e>]< ]<. X]].=XK). W.KW.X.C]]>FC
S L!  ,"S L! # "R L!
T L!  S L!
e>]< >CK`] R L!+  $C,=A>B>]., WC,FB X>:CA :.C.W]., $g
/
(R L!  ,$R L!(L # J: -$ (Q L!A

IO .KW.X.C] ]<. 6A].W >C ]<. 5FWB


(/ L!  S L! # (- L!A
_O .] ]<. )FdW>C). B]W>f $.
! (  ! (
R L! ' ! %
 R L! S L!  A
S L! % #
A)`A]. ]<. )FdW>C).  X ]<. XFA`]>FC ]F ]<. gK`CFd .Q`]>FC
 #  #  9    0A
^O <Fe ]<] ]<. dW>C). FC g + J< + >X
"
J<  J: L[O_IIM
"#$
C, ,.].WB>C. ]<. dA`. F5 ]<. KFA. " W.Q`>W., ]F F$]>C  ,.X>W., dA`. F5 J < :>d.C J: O

_D9 [O `A] ,>:CFX>X F5 )FC]>C`F`X=dW>$A. XgX].BX

6,- /+ !'  11#(' (. #'2/1.#% 121(.


>d.C  X>B`A]>FC BF,.A C, W.X>,`A :.C.W]FWX $X., FC KW>]g .Q`]>FCX+ ]<>X .f.W)>X.
,.AX e>]< ,.].)]>FC F5 5`A]X >C ]<. KW.X.C). F5 B.X`W.B.C] CF>X. C, WC,FB ,>X]`W$C).XO
.]  CF>X. XK.)>6)]>FC 5FW ;' + N' C, 2' $. :>d.C $g ]<. `]F)FWW.A]>FC 5`C)]>FC
## M !  J# * 6 
e<.W.
;' J)  + % K& $  0
N' J7  0A0 % $- A
2' J#  0A-  $  0
<. CF>X. XF`W).X W. CF] )FWW.A].,O
IO BKA.B.C]  X>BKA. ]<W.X<FA, LA.d.AM ,.].)]FW FC ]<. ]eF W.X>,`AX 5WFB ]<. KW>]g .Q`=
]>FCXO Cd.X]>:]. e<.]<.W gF` )C ,.].)]
M  X].K )<C:. F5 iOiI7 W, >C ]<. KFX>]>FC X.CXFW
$M  X].K )<C:. F5 iOI7  >C ]<. KFe.W ,W>d. )`WW.C]O
_O .X>:C  X)AW  ,.].)]FW F5 )<C:. >C B.C dA`.O .X] 5FW ]<. <gKF]<.X>X ]<]
 5`A] >X KW.X.C] C W.8.)]., >C ]<.  B.C dA`. )<C:. F5 ]<. dA`.X :>d.C $Fd.O
^O .X>:C  ,.].)]FW 5FW ]<. KFX>]>FC X.CXFW 5`A] ]<] <X  ]>B. ]F ,.].)] F5 _O7 XO .].WB>C.
]<. d.W:. ]>B. $.]e..C 5AX. AWBXO C)W.X. ]<. XK.)>6., ]>B. ]F ,.].)] ]F Ii X C,
,.].WB>C. ]<. C.e d.W:. ]>B. $.]e..C 5AX. AWBXO
9O Cd.X]>:]. .fK.W>B.C]AAg L$g X>B`A]>FCM e<.]<.W ]<. ]eF 5`A]X )C $. ,.].)].,O
7O .W>5g ]<. ]>B. ]F ,.].)] C, ]<. 5AX. AWB W].X `X>C: ,>55.W.C] X..,X F5 gF`W B.X`W.=
B.C] CF>X. :.C.W]FWXO
F]. I* <. W.X`A]X FC ]>B. ]F ,.].)] C, B.C ]>B. $.]e..C 5AX. AWBX XX`B. e<>].
CF>X. X]]>X]>)X F5 ]<. AF:=A>@.A><FF, ].X] Q`C]>]g I 4!O <.C I 4! >C CF] e<>].+ ]<.
X]]>X]>)A W.X`A]X W. FCAg KKWFf>B]. 6:`W.X ]<] )C FCAg $. `X., X :`>,.A>C.X 5FW
,.X>:CO 

6,- /+%   !'  11#(' /# '


X  )FC]>C`]>FC F5 f.W)>X. [OZ+ ,.X>:C    .X]>B]FWO
.X>:C  X)AW   $X., ,.].)]FWO Cd.X]>:]. ]<. A>B>]X F5 5`A]X ]<] )C $. ,.].)].,
C, 6C, ]<. ]<W.X<FA, FC ]<. ,.)>X>FC 5`C)]>FC ]<] :>d.X  ]>B. ]F ,.].)] F5 _O7 X 5FW  5`A]
F5 X>B>AW B:C>]`,. X >C f.W)>X. [OZO 

6,- /+'9 !'  11#(' (. /#' %"5#/ /1%%#1


.5.WW>C: ]F [O^+ B.X`W.B.C]X W. X`$?.)] ]F B.X`W.B.C] CF>X.O  X]].=XK). BF,.A 5FW
]<. X>C:A. f>X >X :>d.C $g*

S   4P # 4P # (!

S  S
T  S # - # R
T  S #- #R
T  S # - # R
T  4 P # -
T
 4 P # -
'
[OD f.W)>X.X _D7

e<.W. ( >X C `C@CFeC ,>X]`W$C).O <. CF>X. XK.)>6)]>FC 5FW R  + R C, R W. :>d.C $g
]<. `]F)FWW.A]>FC 5`C)]>FC
## M !  J# * 6 
e<.W.
R J  - / 0 % K& $  0
R J   / 0
% $  0
R J  - / 0 % $  0A
<. ]<W.. CF>X. XF`W).X W. `C)FWW.A].,O
FCX>,.W ]eF W.X>,`AX ]<] W. X`KKFX., `X., ]F ,.].)]  5`A] - >C ]<. B.X`W.B.C] T O
3
%

G 4!   T 2! # T 0! , T 4! L[O_I_M
#
G  4!  T 4! , T 4!
e<.W.  >X ]<. XBKA>C: ]>B. F5 ]<. B.X`W.B.C]XO XX`B. ]<. XBKA>C: ]>B. >X    &O

IO A)`A]. ]<. dW>C). F5 G C, G  $Fd.O


] >X ,.X>W., ]F ,.X>:C  )<C:. ,.].)]FW X`)< ]<] 5`A]X AW:.W ]<C - / 0  % FC T
W. ,.].)]., 5].W BfO 0 & L0 XBKA.XMO <>X >X CF] KFXX>$A. ,`. ]F ]<. AW:. dW>C).
F5 ]<. CF>X. R FC T O
_O .].WB>C. e<>)< dW>C). T X<F`A, <d. >C FW,.W ]F B..] ]<. d.W:. ]>B. ]F ,.].)]
X XK.)>6.,O .X>:C  AFe=KXX 6A].W FC G  ]<] e>AA W.,`). ]<. dW>C). X W.Q`>W.,O
F]. ]<] ]<.  5`C)]>FC >X ,.W>d., FC ]<. XX`BK]>FC F5  e<>]. W.X>,`AO X gF` W.
d>FA]>C: ]<>X XX`BK]>FC+ dA>,]>FC $g X>B`A]>FC >X W.Q`>W., ]  A].W X]:.O
^O .X>:C  X.] F5 X)AW=$X., )<C:. ,.].)]>FC A:FW>]<BX 5FW ]<. )X. ]<. 5`A] FC T <X
 B:C>]`,. F5 - / 0 % C, ]<. )<C:. >X  X].KO .W>5g ]<] ]<. ,.X>W., ]>B. ]F
,.].)] )C $. F$]>C.,O 

6,- /+'' 1(."/ !'  11#(' (. /#' %"5#/ /1%%#1


IO .].WB>C. ]<. 5`A] X>:C]`W. >C ]<. W.X>,`A d.)]FW XX`B>C:  5`A] FC T KK.WX X 
X].KO
_O .X>:C  d.)]FW=$X., )<C:. ,.].)]>FC A:FW>]<B 5FW ]<. )X. ]<. 5`A] FC T <X 
B:C>]`,. F5 - / 0 % C, KK.WX X  X].KO >X)`XX ]<. KWFK.W]>.X F5 ]<. d.)]FW=
$X., )<C:. ,.].)]>FC )FBKW., e>]< ]<. X.] F5 X)AW A:FW>]<BXO 

6,- /+'2 /#2% '.1#(' #'  2'. . (/.3.


FCX>,.W ]<. 5FAAFe>C: A>C.W ]>B. >CdW>C] XgX].B
! ( ! (! ( ! (
S  0  S -
 #
S ,- ,+ S -
! (
' S
T   0 # -
S
_D[ [O `A] ,>:CFX>X F5 )FC]>C`F`X=dW>$A. XgX].BX

$ +
! ( -
S
e<.W. /  >X ]<. X]].+   " - ) >X ]<. 5`A] d.)]FW L-  0  CFWBA
S
-
FK.W]>FCM C, T >X ]<. B.X`W., F`]K`]O

IO .6C. ]<. KWB.].WX 4 C, 4 F5  `.C$.W:.W F$X.Wd.W


! ( ! (! ( ! (
U 0  U 4
 # T , T !
U ,- ,+ U 4
! (
' U
T   0
U
e<>)< <X ]<. 5FAAFe>C: KWFK.W]g* >C ]<. $X.C). F5 5`A]X+ ]<. .X]>B]>FC .WWFW
! (
U , S
U ,S
)FCd.W:.X ]F h.WF e>]<  ,gCB>)X XXF)>]., e>]< ]<. ]eF .>:.CdA`.X 6   6  ,O
_O .].WB>C. ]<. ]WCX5.W 5`C)]>FC $.]e..C ]<. W.X>,`A G  T , T C, ]<. 5`A] d.)]FW 
`C,.W ]<. 5FWB
G   I!- #  I!- #  I!- A  L[O_I^M

6,- /+'1 11# ' 6'&# .2''6


FCX>,.W ]<. 5FAAFe>C: XgX].B )FBKFX., F5 9 )FBKFC.C]X* KWF).XX+ X.CXFW I+ X.CXFW _+ X.C=
XFW ^O

     

   
  
     
   

     

+ /+2+ gX].B e>]< ]<W.. X.CXFWX

] >X XX`B., ]<] >] )C $. ,.X)W>$., $g ]<. 5FAAFe>C: A>C.W ]>B. >CdW>C] BF,.A
! ( ! (! ( ! (
S  L! 0  S L! 0
 # P L!
S L! ,- ,+ S L! 
$ +
! ( - L!
0 0 0 0 # - L! *
# # *
0 0 0  " - L! )
- L!
[OIi >$A>F:WK<>)A CF].X _DZ

$ +
$ + $ + $ + - L!
T L!  0 ! (  0 0 0
S L! # - L! *
" T L! )  "   ) #" 0  0 0 )"# *
S L! - L! )
T L! -  0 0  0
- L!
e<.W.
! (
S L!
/ L! 
S L!
)<W)].W>X.X ]<. X]]. F5 ]<. KWF).XX )FBKFC.C]+ P L! >X ]<. )FC]WFA >CK`]+
$ +
T L!
0 L!  " T L! )
T L!
>X ]<. d.)]FW F5 AA B.X`W.B.C]X C,
$ +
- L!
# - L! *
 L!  #
" -
*
L! )
- L!
>X ]<. 5`A] d.)]FWO

IO <] >X ]<. XXF)>]>FC $.]e..C ]<. 5`A]X -# + 2  ' -' +'  C, ]<. XgX].B )FBKFC.C]XO
_O X ]<. X]]. / L! F$X.Wd$A.R
^O X ]<.W. Cg X]]>) W.,`C,C)g >C ]<>X XgX].BR <] W. ]<. ,.].)]$A. \ >XFA$A. 5`A]XR
9O XX`B. ]<] ,`W>C:  :>d.C K.W>F, F5 ]>B.+ FCAg X.CXFW T >X FK.W]>FCA L5FW .fBKA.+
T C, T W. ,>X)FCC.)]., 5FW B>C].CC).MO X >] X]>AA KFXX>$A. ]F .X]>B]. ]<. X]]. R ]F
,.].)] C, >XFA]. ]<. 5`A]XR 

0+)9 !$!(-*!$ &(1.


<. KW>]g W.A]>FCX ]<] e.W. >C>]>AAg X]`,>., >C '99(+'ZD( C, 'I^7( W. 5`C)]>FCX F5  XA>,>C:
e>C,Fe F5 ]<. BFX] W.).C] X.CXFW F`]K`] C, )]`]FW >CK`] dA`.XO <. >,. `X., ]F ,.d.AFK
KW>]g W.A]>FCX >C ]<. ]>B. ,FB>C eX .f].C,., ]F ]<. 5W.Q`.C)g ,FB>CO <>X <X A., ]F
]<. XF=)AA., :.C.WA>X., KW>]g W.A]>FCX '_[i( e<>)< ,F CF] C.).XXW>Ag >CdFAd. FCAg ]<. ,]
F5  XA>,>C: e>C,FeO ].W ]<>X ,>X]>C)]>FC $.]e..C KW>]g W.A]>FCX C, :.C.WA>X., KW>]g
W.A]>FCX ].C,., ]F ,>XKK.WO <. KW.X.C]]>FC :>d.C <.W. >X >C ]<. A>C. F5 'I2Z(+ 'I22(O 
eg ]F XX`W. )`XA>]g C, X]$>A>]g F5  6A].W >CdFAd>C: ]<. >Cd.WX. F5  ]WCX5.W B]W>f )C
$. 5F`C, >C 'II^(O  ]<FWF`:< X]`,g F5 ]<. KW>]g XK). KKWF)< ]F W.X>,`A :.C.W]>FC )C
AXF $. 5F`C, >C 'Z2(O <. .Q`>dA.C). $.]e..C F$X.Wd.W=$X., C, KW>]g XK). KKWF)<.X
>X ,.d.AFK., >C 'I[[( 5FW >CX]C).O `W]<.W W.X`A]X FC ]<. ,.X>:C F5 W.X>,`A :.C.W]FWX >C ]<.
5W.Q`.C)g ,FB>C )C $. 5F`C, >C 'II^(O
<. XgX].B]>) )FBK`]]>FC F5 CAg]>)A W.,`C,C)g W.A]>FCX 5FW KFAgCFB>A CFCA>C.W
BF,.AX >X ,.d.AFK., >C '_^2( C, '_Z2(O .]>AX FC .A>B>C]>FC ]<.FWg Bg $. 5F`C, >C '9D(
C, '_I2(O WH$C.W $X.X `X., >C `)<$.W:.WVX A:FW>]<B '_Z(+ ,.]>AX C, ,.6C>]>FCX )C $.
5F`C, >C '9[(O <. W.,.W >X W.5.WW., ]F '2I( 5FW ,.]>AX X ]<. `X. F5 )<W)].W>X]>) X.]XO
_D2 [O `A] ,>:CFX>X F5 )FC]>C`F`X=dW>$A. XgX].BX

 )FBKW.<.CX>d. W.5.W.C). ]F 5`A] ,>:CFX>X ]W.]., X C FK]>B>X]>FC KWF$A.B >X 'I[2(O


WA>.W W.X.W)< W.X`A]X+ ]<] W.A]. ]F ]<. KW.X.C]]>FC >C ]<>X $FF@+ e.W. K`$A>X<., >C '7[( C,
'7Z(O <. $FF@ '9^( <X  )<K].W ,.dF]., ]F ]<>X X`$?.)]O <. ,.X>:C F5 5`A] ,>:CFX>X 6A].WX
`X>C: ]<. X]C,W, X.]`K KW.X.C]., >C ]<>X $FF@ FW>:>C].X >C 'I29( C, '_9_(O
FW. >C5FWB]>FC FC ]<W.X<FA, ,.].)]>FC )C $. 5F`C, >C ]<. )AXX>)A KW.X.C]]>FC F5 ]<>X
X`$?.)] F5 '79( C,+ 5FW A].W W.X`A]X+ >C '92( C, 'Ii9(O
<. F$X.Wd.W=$X., KKWF)< 5FW W.X>,`A :.C.W]>FC <X $..C ]<. F$?.)] F5 C`B.WF`X X]`,=
>.X+ )5O ]F ]<. $FF@ 'ID9( 5FW C >C]WF,`)]FWg ]W.]B.C] C, W.5.W.C).X FC .WAg eFW@X >C ]<>X
W.O '9^( KWFd>,.X BFW. W.).C] ,.d.AFKB.C]X FC ]<. ]FK>) X e.AA X  d.Wg )FBKA.]. A>X] F5
W.5.W.C).XO
<. CFC=X.Q`.C]>A C, X.Q`.C]>A A:FW>]<BX 5FW )<C:. ,.].)]>FC >C X>:CAX W. ,.X)W>$.,
>C ,.]>AX >C ]<. $FF@ '7(O <. W.X`A] F5 >.BC C, .WXFC+ FC ]<. FK]>BA>]g F5 ].X]X $X.,
FC ]<. A>@.A><FF, W]>F $.]e..C ]eF <gKF]<.X.X )C $. 5F`C, >C .)]>FC 9O_O_ F5 '7(O <. KWFK=
.W]>.X F5 X.Q`.C]>A A:FW>]<BX ,.,`)., 5WFB ]<.  5`C)]>FC W. >Cd.X]>:]., >C <K].W 9
F5 '7(O  <.`W>X]>) KKWF)< 5FW )<FFX>C: ]<. ,.X>:C KWB.].WX F5 ]<.   A:FW>]<B 5FW
,.].)]>FC F5 )<C:.X >C ]<. B.C >X KW.X.C]., >C 'ID2(O C A].WC]>d. ]F ]<.   A:FW>]<B+
e<>)< >X A.XX ]>B.=)FCX`B>C:+ >X KW.X.C]., >C 'I2i(O
 C`B.W>)AAg X]$A. A:FW>]<B ]F .f]W)] ]<. F$X.Wd$A. KW] F5  :>d.C XgX].B )C $.
5F`C, FC K:. __i F5 '9_(Y >] )C $. `X., X  6WX] X].K ]F ,.X>:C  W.X>,`A :.C.W]FW $X.,
FC  ABC 6A].W 5FW C `CF$X.Wd$A. XgX].BO <. ,.X>:C F5  W.X>,`A :.C.W]FW $X., FC
 ABC 6A].W 5FW  XgX].B X`$?.)] ]F `C@CFeC >CK`] C, ,,>]>d. 5`A]X >X ,K]., 5WFB
'I2I(O C A].WC]>d. KKWF)< ]F )FBK`]. C >CCFd]>FC X.Q`.C). >X ]F `X. KW>]g W.A]>FCX
C, ]F 6A].W ]<. F$]>C., W.X>,`A $g C KKWFKW>]. e<>].C>C: 6A].WO <>X B.]<F, <X $..C
)FCX>,.W., >C 'ID2( 5FW >CX]C).O ] eX CF] KFXX>$A. ]F .fB>C. <.W. ]<. Q`.X]>FC F5 WF$`X]=
C.XX e>]< W.XK.)] ]F BF,.AA>C: `C).W]>C]>.X F5 ]<. X]]>X]>)A KKWF)< ]F 5`A] ,.].)]>FCO 
dA`$A. W.5.W.C). ]F X]`,g ]<>X Q`.X]>FC >X 'I[2(O
gX].B >,.C]>6)]>FC $X., B.]<F,X 5FW 5`A] ,.].)]>FC+ .X]>B]>FC C, >XFA]>FC <d. CF]
$..C )FCX>,.W., >C ]<>X )<K].W $`] ]<.g <d. AXF KWFd., `X.5`A >C BCg KKA>)]>FCXO <.g
)C $. X.KW]., >C ]eF )AXX.X* B.]<F,X $X., FC .fKA>)>] KWB.].W .X]>B]>FC C, B.]<F,X
$X., FC X]]>X]>)X LX`)< X ]<. X]]>X]>)A AF)A KKWF)<MO C >C]WF,`)]>FC ]F ]<. 6WX] )AXX F5
B.]<F,X )C $. 5F`C, >C 'DZ( C, 'DD(O FW ]<. X.)FC, )AXX+ ]<. W.,.W >X W.5.WW., ]F '_ZZ(
C, '7(O
)]>d. 5`A] ,.].)]>FC C, >XFA]>FC <X $..C $W>.8g B.C]>FC., >C ]<>X )<K].WO <. KWF$A.B
F5 ,.].WB>C>C: C FK]>BA >CK`] X>:CA ]F ,>X]>C:`>X< $.]e..C ,>55.W.C] BF,.AX LW.KW.X.C]>C:
<.A]<g C, 5`A]g BF,.XM 5FW  :>d.C KWF).XX <X $..C ]<. F$?.)] F5  ]<FWF`:< X]`,g >C
'^9( C, 'IZ7(O 'IZZ( X`::.X]., CFd.A egX ]F )<>.d. )]>d. 5`A] >XFA]>FC e<>A.  KAC] >X
W`CC>C:O
FW BFW. >C5FWB]>FC FC ]<. B].W>A >C ]<. KK.C,>f FC WC,FB dW>$A.X C, X]F)<X]>)
KWF).XX.X+ ]<. W.,.W )C )FCX`A] '9(+ 'IiD( FW 'ID_( 5FW >CX]C).O C KW]>)`AW ]<. KKWF)<
5FW XBKA>C:  A>C.W X]F)<X]>) ,>55.W.C]>A .Q`]>FC >X $FWWFe., 5WFB K:.X I9Z=I7I F5 '9(O



 (%%" % %" 
%((#) "  #+#%#

,**!' * ! *'! !( !* 0* !"'(  , $, *!'* '.!'


,* "!0( (" ( *! *'* * ' * "'!(# ( "*'
-(  !-'-. ! * - *!( !'   .* ,*(  ( 
(!'( *,*!'(   .* * ! *'! (0(*#  '' '(,*( ! 
!(( ' "!0 *! ,*!*0 '( * ! *'! .#  ,*(
  * 0 ,* !!*!  .' * ! *'!' "'*'(
' "* *! * "'*'( ! * ,*0 " *#  !!*!
 !*  ,(   * ( !  *,*!' !' ( (!' '!.  *
! *'! !!" ( *!  '! ,'   . ! *'!' "'*'( *'
 #

/+)  4$1 1($-&1 (&1-($ *-($%


:6262 =/8 1/=81- 381-.

< >L'(L R> (Z@:7< R5( /U:R6R>:(L<R $><RL>: @L>:(; 7< ;>L( '(R7:& R5( MR<'L'
$><RL>: @L>:(; 7M 0LMR MRR(' M  @L>:(; R5R 7M '(0<(' [  47X(< >8($R7X(&  M(R
>/ $><MRL7<RM <'  M(R >/ ';7MM7:( $><RL>: :YMD R<'L' $><RL>: 7;M R 0<'7<4
 $><RL>: :Y 7<  47X(< M(R >/ $><RL>: :YM  & MU$5 R5R
R5( $><RL>::(' M[MR(; $57(X(M R5( $><RL>: >8($R7X(M &
Y57:( 7RM (5X7>UL MR7M0(M  M(R >/ $><MRL7<RM D
5UM& R5( M>:UR7>< >/ R5( @L>:(; 7M $>;@:(R(:[ '(0<(' [ R5( RL7@:(
; ( (  2 E
^ii ZO `A]=]FA.WC] )FC]WFA F5 )FC]>C`F`X=dW>$A. XgX].BX

#/*=*1/ :62 4( 1/=81- 381-.5


/+C >& 28/+, ; ( (  25
5( />::>Y7<4 L(;L9M M5>U:' (Z@:7< R57M @L>:(; 7< ;>L( '(R7:%
% 5( M(R  >/ ';7MM7:( $><RL>: :YM '(0<(M R5( :4>L7R5;M R5R $< ( 7;@:(6
;(<R('& (D4D >@(<6:>>@ $><RL>: A ;@@7<4 /L>; R5( R7;( '>;7< R> R5( $><RL>:
M@$(B& $:>M('6:>>@ $><RL>: A ;@@7<4 /L>; R5( >UR@UR 5 L(/(L(<$( M@$(M R> R5(
$><RL>: M@$(B& UM7<4 $><R7<U>UM >L '7M$L(R(6X:U(' L4U;(<RM />L R5( XL7:(M&
::>Y7<4 />L $><R7<U>UM >L '7M$><R7<U>UM& '7//(L(<R7:( >L <><6'7//(L(<R7:(
;@@7<4M& (R$D
% 5( >8($R7X(  '(0<(M Y5R R5( M[MR(; 7M (Z@($R(' R> $57(X(& Y5(< $><RL>::('
[ R5( >X( ;(<R7><(' $><RL>: :YD R ;[ L<4( /L>; X(L[ 4(<(L: MRR(;(<RM
A(D4D $57(X( $:>M('6:>>@ MR7:7R[B R> ;U$5 ;>L( M@($70$ ><(M A(D4D L($5  47X(<
@>7<R& ><  47X(< $7L$U:L >L7R L>U<' R5( (LR5& R  47X(< R7;(& />L  M@$(
' 1-!,(BD
% ><MRL7<RM  L( /U<$R7><: L(:R7><M R5R R5( (5X7>UL >/ R5( $><RL>::(' M[MR(;
;UMR MR7M/[ >X(L R7;(D 5([ L( (Z@L(MM(' [ :4(L7$ <' '7//(L(<R7: >L '7//(L6
(<$( (EUR7><M& Y5(< $><R7<U>UM XL7:(M L( $><M7'(L('& <' [ >R5(L ;>'(:M
Y5(< '7M$L(R( X:U(M L( >/ 7<R(L(MR AM(( 5@R(L TBD <(EU:7R[ $><MRL7<RM (Z@L(MM
R5R M>;( MRULR7><M $R >< R5( M[MR(; ';7MM7:( M>:UR7><M A(D4D <[ RL8($R>L[
Y57$5 L(MU:RM /L>; < ';7MM7:( $><RL>: :Y ;UMR (<' ><  47X(< @>7<R >/  47X(<
$7L$U:L >L7R& R  47X(< R7;(& UR R5( (<(L4[ $><MU;(' :: :><4 R5( RL8($R>L[ 7M
:7;7R(' [ R5( $@$7R[ >/ R5( L>$9(RKM L(M(LX>7LMBD

6#(" .+' ('1.(% ( 1! /#' %"1'$ /6/1&


FCX>,.W ]<. KWF$A.B F5 6AA>C: C >C>]>AAg .BK]g ]C@ `K ]F  ).W]>C BXX 9 F5 XFB. A>Q`>,+
X 5X] X KFXX>$A.+ XF X ]F X]W]  $])< FK.W]>FC KWF).XX >C ]<. 5FF, >C,`X]WgO .] 9 L! $.
]<. BXX KW.X.C] >C ]<. ]C@ ] ]>B. L+ C, A.] P L! $. ]<. )FC]WFAA., >CK`] 8FeO <. )FC]WFA
KWF$A.B >X  d.Wg )AXX>)A B>C>B`B ]>B. KWF$A.B ,.6C., $g ]<. ]W>KA.*
* <. F$?.)]>d. >X ]F )<C:. ]<. BXX 9 L! 5WFB >]X >C>]>A dA`. 9 L$ !  0 ]F ]<. :>d.C
6CA dA`. 9 L !  ' >C B>C>B`B ]>B.+ >O.O B>C>B>h>C: ]<. 5`C)]>FCA
 5
(LA
5
* <. $.<d>F`W F5 ]<. XgX].B >X )FCX]W>C., $g ]<. X]]. .Q`]>FC
9 L!  P L!A
 * <. )FC]WFA Ae $.AFC:X ]F ]<. )AXX F5 K>.).e>X. )FC]>C`F`X FK.C=AFFK )FC]WFAX e>]<
X]`W]>FC
P   
L +, P L!
P L! ! 0' P#

P ! $
C). ]<. ]C@ <X $..C 6AA., e>]< ]<. BXX 9 F5 A>Q`>,+ ]<. KWF,`)]>FC KWF).XX F5 ]<. $])<
e>AA X]W]O XX`B. ]<] 5FW ]<. KWFK.W $>FAF:>)A W.)]>FC ]F ]@. KA).+ ]<. ].BK.W]`W. , L!
B`X] $. W.:`A]., WF`C, XFB. :>d.C W.5.W.C). , O <. XXF)>]., )FC]WFA KWF$A.B >X :>C
e.AA @CFeCO   =W.:`A]>FC .fBKA. >X :>d.C $.AFe*
ZOI <. 5`A]=]FA.WC] )FC]WFA KWF$A.B ^iI

* <. F$?.)]>d. >X ]F W.:`A]. ]<. ].BK.W]`W. , L! F5 ]<. $])< WF`C, ]<. W.5.W.C). dA`.
, ' ,`W>C: ]<. KWF).XX>C: K.W>F, 0'  !O ] >X .fKW.XX., $g
, , , L! ( 6' 8L ! $ ' 
'
e<.W. 6 >X XFB. )FCX]C] e<>)< ,.6C.X ]<. ,B>XX>$A. ].BK.W]`W. .f)`WX>FC WF`C,
]<. W.5.W.C). FC ]<. ]>B. >C].WdA $ ' 
' C, $ 0 0 >X ]<. ]>B. dA`. 5].W e<>)< ]<.
C.>:<$FW<FF, F5 ]<. W.5.W.C). ].BK.W]`W. B`X] <d. $..C W.)<.,O
* <. $.<d>F`W F5 ]<. XgX].B >X ,.X)W>$., $g ]<. X]]. C, B.X`W.B.C] .Q`]>FCX
, L!  - , L!! # V L! # Q L!
V L!  . , L!' L!
T L!  , L! # + L!'
e<>)< .fKW.XX.X ]<] ]<. ].BK.W]`W. dW>]>FC >X ]<. W.X`A] F5 ]<.WBA AFXX.X - , L!!+ F5
]<. .fF]<.WB>) )<W)].W F5 ]<. $>FAF:>)A W.)]>FC L]<. W.)]>FC .C.W:g >X V L!+ e<FX.
.dFA`]>FC >X :>d.C $g . , L!' L! >C ]<. X.)FC, X]]. .Q`]>FCM+ C, F5 ]<. )FC]WFA Q L!+
C, ]<] ]<. d>A$A. B.X`W.B.C] X>:CA >X ]<. ].BK.W]`W.+ e<>)< >X )FWW`K]., $g
XFB. B.X`W.B.C] .WWFW + L!O
 * <. )FC]WFA Ae $.AFC:X ]F ]<. )AXX F5 )AFX.,=AFFK  )FC]WFAX
Q  -   
 5
, ' T L!! +, Q L!  4, , , T L!! # 4# , , T M !! (M'
$
e<.W. 4, C, 4# W. )F.56)>.C]X ]F $. 5F`C, X ]<. XFA`]>FC F5 ]<. )FC]WFA KWF$A.B+  
>X ]<. X.] F5 KFXX>$A. W.5.W.C).X C,  >X ]<. X.] F5 ]<. X.CXFW F`]K`] dA`.XO 

:626? .3=9 1" "@-=9 1/ =( 1/=81- 381-.

U:R6R>:(L<R $><RL>: 7M $><$(L<(' Y7R5 R5( $><RL>: >/ R5( /U:R[ M[MR(;D 57M $<
( '><( [ $5<47<4 R5( $><RL>: :Y Y7R5>UR $5<47<4 R5( @:<R Y57$5 7M >@(L6
R(' A'@RR7><& $$>;;>'R7><& L( R(L;M >/R(< (<$>U<R(L(' 7< R5( :7R(LRUL(B& >L
[ $5<47<4 >R5 R5( $><RL>: <' R5( M[MR(; A7< R57M $M( L($><04ULR7>< 7M UM('BD
7<$( R5( $><RL>: :4>L7R5; 8UMR 7;@:(;(<RM R5( M>:UR7>< >/  $><RL>: @L>:(; />L 
47X(< M[MR(;& $5<47<4 R5( $><RL>: >L R5( M[MR(; ;(<M R5R R5( $><RL>: @L>:(; 5M
((< $5<4(' M R5( L(MU:R >/ /U:RMD < >L'(L R> U<'(LMR<' R5( '7//(L(<R MRLR(47(M
Y57$5 $< ( @@:7(' R> R5( '(M74< >/ /U:R6R>:(L<R $><RL>:& :(R UM 0LMR $><M7'(L R5(
7;@$R >/ /U:RM >< R5( $><RL>: @L>:(; ; ( $R%(  2& Y5(L( $R% '(<>R(M R5(
'(@(<'(<$[ >/ R5( $><MRL7<R  U@><R R5( @L;(R(L R& Y57$5 7< RUL< '(@(<'M U@><
R5( /U:RD 5( '7//(L(<R /U:R6R>:(L<R $><RL>: MRLR(47(M Y7:: R5(< ( 7<RL>'U$('& M 
$><M(EU(<$( >/ R5( X7::( 9<>Y:('4(D

D9=. 1+=*A96 5( >$$UL(<$( >/ /U:RM M5>U:' <>R $5<4( R5( M[MR(; >8($6
R7X(MD 5( >8($R7X(M L( MM>$7R(' Y7R5 R5( UM(LM AR5([ '(0<( Y5R R5( UM(LM (Z@($R
R5( M[MR(; R> $57(X(B& <' R5( X(L[ <RUL( >/ /U:R6R>:(L<R $><RL>: 7M R> MR7:: RL[ R>
$57(X( R5(M( >8($R7X(M& (- 92(> >/ R5( /U:RMD >Y(X(L& R57M Y7:: ( @>MM7:( >L <>RD
5(L(/>L(& RY> $M(M 5X( R> ( '7MR7<4U7M5('%
^i_ ZO `A]=]FA.WC] )FC]WFA F5 )FC]>C`F`X=dW>$A. XgX].BX

?D 5(L( 7M  ;(<M >/ MR7:: $57(X7<4 R5( M[MR(; >8($R7X(M 7< R5( @L(M(<$( >/
$(LR7< /U:RMD 5( M[MR(; 7M M7' R> ( /U:R R>:(L<R& Y7R5 L(M@($R R> R5R >8($6
R7X(M <' R> R5(M( /U:RMD 5( $><RL>: (<47<((LKM RM9 7M R> '(M74< M>;( $><RL>:
:Y Y57$5 7M :( R> '> R5RD

TD 5( >8($R7X(M $<<>R ( $57(X(' 7< R5( @L(M(<$( >/ R5( $><M7'(L(' /U:RMD 5(
M[MR(; 7M <>R /U:R R>:(L<R Y7R5 L(M@($R R> R5R >8($R7X(M <' R5(M( /U:RMD >Y6
(X(L& 7R 7M <>R (<>U45 R> MR<' Y7R5 R57M $><$:UM7><D 5( $><RL>: (<47<((L M5>U:'
@L>X7'(& 7< R57M $M(& 7<'7$R7><M >UR Y5R R> '> Y7R5 R5( M[MR(;D 7<$( R5(
$ULL(<R >8($R7X(M $<<>R ( $57(X('& R5( @L>:(; 7M RL<M/>L;(' 7<R> 0<'7<4
<(Y >8($R7X(M R5R L( >/ 7<R(L(MR 7< R5( $ULL(<R M7RUR7><& <' R> '(M74< R5(
$><RL>: :Y Y57$5 7M :( R> $57(X( R5(M( <(Y >8($R7X(MD

D9=. 1/9=8*/=96 5( >$$UL(<$( >/ /U:RM ;[ >X7>UM:[ $5<4( R5( $><MRL7<RM
$R% >/ R5( $><RL>: @L>:(;D
% 7LMR& R5( $><MRL7<RM ;[ L(;7< R5( M;( UR R5( @L;(R(LM ;[ $5<4(&
R5UM RL<M/>L;7<4 R5( $><RL>: @L>:(; ; ( $R4 %(  2 7<R> R5( @L>:(;
; ( $R' %(  2& Y5(L( R4 AL(M@($R7X(:[ R' B '(<>R(M R5( <>;7<: AL(M@($R7X(:[
R5( /U:R[B M[MR(; @L;(R(LMD
% ($><'& R5( $><MRL7<RM R5(;M(:X(M ;745R $5<4(& RL<M/>L;7<4 R5( $><RL>: @L>6
:(; ; ( 4 $R4 %(  2 7<R> R5( @L>:(; ; ( ' $R' %(  2& Y5(L( 4 7M R5(
M(R >/ <>;7<: $><MRL7<RM& <' ' $R' % 7M  M(R >/ <(Y $><MRL7<RM Y7R5 <(Y MM>6
$7R(' @L;(R(LMD

>R5 $M(M ;[ ( MU;;L7M(' [ R5( $5<4( >/ 4 $R4 % 7<R> ' $R' % M7<$( R5(
$5<4( >/ @L;(R(LM ><:[ 7M  @LR7$U:L $M(& '(M$L7(' [ '  4 D

6#(" .+2  1'$ 4#1! 14( 5#1 )#)/


FCX>,.W 5FW .fBKA.  ]C@ e>]< ]eF .f>] K>K.X+ W.XK.)]>d.Ag X>]`]., ] A.d.AX 5  C, 5
B.].WXO <. XgX].B CFB>CA )FCX]W>C]X W. ]<. 5FAAFe>C:
S L! ! 0' 5 S L!  F# L!
S L! ! 5 ' 5 S L!  F# L! , F Q ' L!
S L! % 5 S L!  F# L! , F Q ' L! , F Q ' L!'
e<.W. S L! >X ]<. A.d.A >C ]<. ]C@+ F# L! >X ]<. >CK`] 8Fe+ F Q ' L! LW.XK.)]>d.Ag F Q ' L !M >X
]<. F`]K`] 8Fe ]<WF`:< K>K. I LW.XK.)]>d.Ag ]<WF`:< K>K. _M e<>)< ,.K.C,X FC XFB. .f].WCA
dW>$A. FW )FC]WFA X>:CA Q LW.XK.)]>d.Ag Q MO <>X B>:<] $.+ 5FW .fBKA.+ ]<. A.d.A >C CF]<.W
]C@ )FCC.)]., ]F ]<. K>K.+ FW ]<. )FC]WFA X>:CA F5 C F`]K`] dAd. FC ]<. K>K.O `KKFX. CFe
]<] K>K. I >X )AF::.,+ ]<.C X ]<. W.X`A] F5 ]<. 5`A]+ ]<. XgX].B )FCX]W>C]X $.)FB.
S L! ! 0' 5 S L!  F# L!
S L! ! 5 ' 5 S L!  F# L! 8Q L!
S L! % 5 S L!  F# L! , F Q ' L!'
ZOI <. 5`A]=]FA.WC] )FC]WFA KWF$A.B ^i^

e<>)< )C AXF $. W.KW.X.C]., $g ,,>C:  5F`W]< )FCX]W>C] ]F ]<. ]<W.. CFB>CA FC.X
S L! ! 0' 5 S L!  F# L!
S L! ! 5 ' 5 S L!  F# L! , F Q ' L!
S L! % 5 S L!  F# L! , F Q ' L! , F Q ' L!
F Q ' L!  0' 8Q ' LA 

.*99*- 1/=81- -B96 5( >$$UL(<$( >/ /U:RM ;[ :M> $5<4( R5( M(R >/ '6
;7MM7:( $><RL>: :YM M7<$( /U:RM ;[ >$$UL 7< R5( $>;@UR7<4 <' $>;;U<7$R7><
'(X7$(M 7< Y57$5 R5([ L( 7;@:(;(<R('D M 7< R5( @L(X7>UM MUM($R7><& R5( <(Y M(R
>/ ';7MM7:( $><RL>: :YM 7M <>R(' ' Y57:( R5( <>;7<: ><( 7M 4 D

6#(" .+' )&$0+* ('1.(% (  /#' %"1'$ /6/1&


FCX>,.W ]<. X]C,W, )FC]WFA KWF$A.B F5 6AA>C:  ]C@ >C B>C>B`B ]>B. 5FW KWF).XX>C: 
$])< >C 5FF, >C,`X]Wg* 6C, ]<. )FC]WFA Ae >C ]<. X.] ) F5 K>.).e>X. )FC]>C`F`X 5`C)]>FCX
X]>X5g>C:
P   
L +, P L!
P L! ! 0' P#

P ! $
X`)< ]<] ]<. >C>]>A BXX 9 L$ !  0 >X )<C:., >C]F ]<. 6CA BXX 9 L !  ' >C B>C>B`B
]>B.+ e<>A. X]>X5g>C: ]<. X]]. .Q`]>FC 9 L!  P L!O `KKFX. CFe ]<] ]<. K`BK >X 5`A]g
C, )C FCAg ,.A>d.W  5W)]>FC F5 >]X CFB>CA Bf>B`B F`]K`] 8Fe+ CB.Ag P # >X )<C:.,
>C]F P# 7 P# A <. X.] ) >X F$d>F`XAg )<C:., >C]F ]<. X.]  + e<.W. ]<. X]`W]>FC
A.d.A >X AFe.W L]<`X F$d>F`XAg A.,>C: ]F  AW:.W 6AA>C: ]>B. 5FW ]<. FK]>BA XFA`]>FCMO 

:626> 99*A A89@9 =*A "@-=)=1-8/= 1/=81-

< R5( @MM7X( @@L>$5& R5( $><RL>: :4>L7R5; 7M '(M74<(' M> R5R R5( M[MR(; 7M :(
R> $57(X( 7RM 47X(< >8($R7X(M& 7< 5(:R5[ M Y(:: M 7< /U:R[ M7RUR7><M& Y7R5>UR <[
$5<4( 7< R5( $><RL>: :YD 5(L(/>L(& @MM7X( /U:R6R>:(L<R $><RL>: M(RM R5( $><RL>:
@L>:(; 7<  $><R(ZR& Y5(L( R5( 7:7R[ >/ R5( M[MR(; R> $57(X( 7RM 47X(< >8($R7X(
7M @L(M(LX('& UM7<4 R5( M;( $><RL>: :Y& Y5R(X(L R5( M[MR(; M7RUR7>< A5(:R5[ >L
/U:R[BD
< $R7X( @@L>$5(M& R5( $><RL>: :Y 7M $5<4(' Y5(< /U:RM >$$UL& M> R5R R5(
7:7R[ >/ R5( M[MR(; R> $57(X( 7RM 47X(< >8($R7X( 7M @L(M(LX('& UM7<4  $><RL>: :Y
'@R(' R> ($5 /U:R M7RUR7><D 5(L(/>L(& $R7X( /U:R6R>:(L<R $><RL>: :4>L7R5;M
7;@:(;(<R R5( M>:UR7>< >/ @L>:(;M Y57$5 L( M@($70$::[ M(R />L ($5 >/ R5( @>MM76
:( A5(:R5[ <' /U:R[B M7RUR7><MD
M R5( L(MU:R >/ /U:RM& R5( $><RL>: @L>:(; 7M RL<M/>L;('
/L>; ; ( 4 $R4 %( 4 2 7<R> ; ( ' $R' %( ' 2 E
^i9 ZO `A]=]FA.WC] )FC]WFA F5 )FC]>C`F`X=dW>$A. XgX].BX

U@@>M( R5R >R5 ' $R' % <' ' L( @(L/($R:[ 9<>Y<& R5(< R5( /U:R6R>:(L<R $><6
RL>: :Y 5M R> M>:X( ; ( ' $R' %( ' 2D / MU$5  M>:UR7>< (Z7MRM& R5( M[MR(; 7M
/U:R R>:(L<R Y7R5 L(M@($R R> R5( >8($R7X(  <' R5( /U:R M7RUR7>< ' $R' %( ' D
/ R5( @L>:(; ; ( ' $R' %( ' 2 5M <> M>:UR7><& R5(< R5( M[MR(; 7M <>R /U:R
R>:(L<R <' >8($R7X( L($><04ULR7>< 5M R> ( (Z@:>L('& M @L(X7>UM:[ (Z@:7<('D
5( '7//(L(<$( (RY((< @MM7X( <' $R7X( /U:R6R>:(L<R $><RL>: $< <>Y ( X(L[
M7;@:[ (Z@:7<('D

99*A "@-= =1-8/6 < 299(C A+> >/+8-& R5( $><RL>: :Y 7M <>R $5<4('
Y5(< /U:RM >$$ULD 57M ;(<M R5R R5( M[MR(; >8($R7X(M $< ( >R7<(' Y5(<
R5( M[MR(; 7M 5(:R5[ AR5UM 7R M>:X(M ; ( 4 $R4 %( 4 2B& M Y(:: M Y5(< R5(
M[MR(; 7M /U:R[ AR5UM 7R :M> M>:X(M ; ( ' $R' %( ' 2BD ;@:(;(<R7<4 @MM7X(
/U:R R>:(L<$( />L  47X(< M(R >/ /U:RM ;(<M R5R R5(L( 7M  $>;;>< M>:UR7>< R>
@L>:(; ; ( 4 $R4 %( 4 2 <' R> :: @L>:(;M ; ( ' $R' %( ' 2& / )  &
Y5(L(  7<'(Z(M R5( M(R >/ :: R5( $><M7'(L(' /U:RMD
57M 7M  X(L[ @LR7$U:L M7RUR7><& Y57$5 7M /U:0::('& 7< 4(<(L:& ><:[ />L >8($R7X(M
MM>$7R(' Y7R5 X(L[ :>Y :(X(:M >/ @(L/>L;<$(M AR57M 7M  M>6$::(' /-98C>(C
@@L>$5BD >R( R5R M7<$( R5( $><RL>: :Y 7M <>R $5<4('& R5( @MM7X( /U:R R>:(L<$(
@@L>$5 7M M7;7:L R> R5( L>UMR @@L>$5 Y5(< U<$(LR7< M[MR(;M L( $><M7'(L('
A$/D 5@R(L ?BD <'(('& /U:RM $< ( $><M7'(L(' M U<$(LR7<R7(M Y57$5 //($R R5(
M[MR(; @L;(R(LMD 5( '7//(L(<$( :7(M <>R ><:[ 7< R5( M7\( <' 7<R(L@L(RR7>< >/
R5(M( $5<4(M& UR :M> 7< R5( /$R R5R R5( MRLU$RUL( >/ R5( $><MRL7<RM ;[ $5<4(
M R5( L(MU:R >/ /U:RMD

=*A "@-= =1-8/6 < $R7X( /U:R R>:(L<$(& ($5 >/ R5( @L>:(;M
; ( 4 $R4 %( 4 2 <' ; ( ' $R' %( ' 2(
/ )  & 5M 7RM >Y< M@($70$ M>:UR7><& R5UM ::>Y7<4 />L ;U$5 ;>L( '(;<'7<4
>8($R7X(MD >Y(X(L& />L ($5 >/ R5(M( @L>:(;M R> ( M>:X(' R5( 9<>Y:('4( >UR
' $R' % <' ' ;UMR ( X7::(D 57M 7M R5( L>:( >/ /U:R '(R($R7>< <' 7M>:R7><
:4>L7R5;MD 57M $5@R(L '(:M Y7R5 $R7X( /U:R6R>:(L<R $><RL>:D

:626& A*-- ,/1B-'

L>X7'7<4 7</>L;R7>< >UR R5( /U:R 7;@$R 7M R5( 7; >/ R5( /U:R '74<>M7M :6
4>L7R5;MD >Y(X(L& R5( @>Y(L <' (/0$7(<$[ >/ R5(M( :4>L7R5;M 7M :7;7R('D U:R
'(R($R7>< 7</>L;M R5R R5( @L>:(; R> M>:X( 7M <> :><4(L ; ( 4 $R4 %( 4 2D U:R
7M>:R7>< 7</>L;M >UR R5( MUM(R >/ R5( $><MRL7<RM 4 $R4 % Y57$5 L( U<$5<4('
AR5>M( MM>$7R(' Y7R5 R5( MR7:: 5(:R5[ $>;@><(<RMB& <' R5( MUM(R ' < 4 >/
$><RL>: :YM Y57$5 $< MR7:: ( UM('D 5( 9<>Y:('4( >UR R5( $5<4(' $><MRL7<RM
$::M />L /U:R (MR7;R7><& Y57$5 7M  <(Y /U<$R7>< R> ( $><M7'(L(' />L R5( '(M74<
>/ /U:R6R>:(L<R $><RL>:D $$>L'7<4 R> 7RM @(L/>L;<$(M& R5L(( $M(M ;UMR ( $><M7'6
(L('%
ZOI <. 5`A]=]FA.WC] )FC]WFA KWF$A.B ^i7

?D 5( /U:R '74<>M7M :4>L7R5; 7M :( R> @L>X7'( < (MR7;R(  ' $R ' %&  ' >/ R5(
/U:R 7;@$RD 5(<& R5( @L>:(; R> ( M>:X(' 7M R5( MR<'L' $><RL>: @L>:(;
; (  ' $R ' %(  ' 2D >R( R5R& Y5(<  M>:UR7>< (Z7MRM& R5(L( 7M MR7::  L7M9
R5R R5( $RU: /U:R[ M[MR(; A'(M$L7(' [ ' $R' % <' ' B /7:M R> MR7M/[ R5(
>8($R7X(M & :R5>U45 R5( X7::( ;>'(: >/ R5( /U:R[ M[MR(; '>(M MR7M/[
R5(;D
TD 5( /U:R '74<>M7M :4>L7R5; 7M :( R> @L>X7'( < (MR7;R( ' $ ' %( ' >/ R5(
/U:R 7;@$R& Y5(L( ' 7M  M(R >/ @>MM7:( $><MRL7<RM <'  ' 7M  M(R >/ MM>6
$7R(' @L;(R(LMD 5(< R5( @L>:(; R> ( M>:X(' 7M R5( L>UMR $><RL>: @L>:(;
; ( ' $ ' %( 
' 2D 5(<  M>:UR7>< (Z7MRM& R5( $RU: /U:R[ M[MR(; Y7::
MR7M/[ R5( >8($R7X(M  @L>X7'(' R5( $RU: $><MRL7<RM ' $R' % ) ' $ ' %& >R56
(LY7M(& R5( M;( L7M9 M >X( (Z7MRMD
SD 5( /U:R '74<>M7M :4>L7R5; '(R($RM <' 7M>:R(M R5( /U:RM& UR 7R $<<>R @L>6
X7'( <[ (MR7;R( >/ R5( /U:R 7;@$RD 5( $><RL>: (<47<((L 7M /$(' Y7R5 R5(
@L>:(; >/ '(M74<7<4 R5( $><RL>: >/  $>;@:(R(:[ U<9<>Y< M[MR(;& Y57$5 7M
<>R @>MM7:(D R7<7<4 9<>Y:('4( >UR R5R M[MR(; $>U:' ( R5>U45R >/& UM6
7<4 (D4D :(L<7<4 @@L>$5(M& UR R5(< < (MR7;R7>< >/ R5( /U:R 7;@$R $>U:'
7<'((' ( >R7<('& Y57$5 Y>U:' L7<4 R5( @L>:(; $9 R> $M( TD
R5(L @>MM7:( $M(M L( R5>M(& Y5(L( R5( /U:R '74<>M7M M[MR(; '(R($RM R5( /U:R&
UR 7R $<<>R 7M>:R( 7R& <>L 7M 7R :( R> @L>X7'( <[ (MR7;R(& <' R5( $M(& Y5(L(
R5( /U:R '74<>M7M M[MR(; '>(M <>R (X(< '(R($R R5( /U:RD < R5( 0LMR $M(& R5( ><:[
@>MM77:7R[ R> 9((@ ;MR(L7<4 R5( M[MR(; 7M R> ;>X( R>  /:: $9 ;>'(& Y57:( 7< R5(
M($><' $M(& <[ $RMRL>@57$ (5X7>UL 7M @>MM7:(D $R7X( /U:R R>:(L<$( 7M ><:[
$><$(L<(' Y7R5 $M(M ?& T <' SD

:626$ =*A "@-=)=1-8/= 1/=81- 9=8='*9

@-= 1..1=*1/6 U:R $$>;;>'R7>< 7M R5( /U:R6R>:(L<R $><RL>: MRLR(4[


Y57$5 7M MM>$7R(' Y7R5 $M(M ? <' TD R M>:X(M R5( @L>:(; ; (  ' $R ' %( 
' 2

>L ; ( ' $' %( ' 2& Y57$5 L( MM>$7R(' Y7R5 R5( $><RL>: >/ R5( /U:R[ M[MR(;D
5( /U:R M7RUR7>< $< ( $$>;;>'R(' Y7R5 L(M@($R R> R5( >8($R7X(M  Y5(< R5(
@L>:(; 5M  M>:UR7><D

#/*=*1/ :6? 4@-= 1..1=*1/5


/+C >& /->8/+ 28/+, ; (  ' $R ' %( 
' 2 D&8  ' $R ' % (9 >& 9>(,> / >&
>A+ /-9>8(->9 28/C( F A+> (%-/9(9 +%/8(>&,95

>R( R5R R5( 7<R(L@L(RR7>< >/ /U:R $$>;;>'R7>< 7M R5R 7R 7M  MRLR(4[ [ Y57$5
R5( /U:R[ M[MR(; 7M $><RL>::(' 7<  M@($70$ Y[& M> M R> MR7:: $57(X( R5( >8($R7X(M
Y57$5 Y(L( A(/>L( R5( /U:RB $57(X(' [ R5( 5(:R5[ M[MR(;D

D9=. 81/#'@8=*1/6 [MR(; L($><04ULR7>< 7M R5( /U:R6R>:(L<R $><RL>: MRLR6


(4[ Y57$5 7M MM>$7R(' Y7R5 $M( SD (;7<' R5R 7< R57M $M( R5( /U:R[ M[MR(;
^i[ ZO `A]=]FA.WC] )FC]WFA F5 )FC]>C`F`X=dW>$A. XgX].BX

7M M>:UR(:[ U<9<>Y<& UR R5( $><RL>: (<47<((L Y7M5(M R> '(M74<  $><RL>: R5R
$57(X(M R5( M[MR(; >8($R7X(MD 5( ><:[ ;(<M R> M(R <[ $><RL>: @L>:(; 7M R>
MY7R$56>// R5( /U:R[ $>;@><(<RM AY57$5 L( 9<>Y< /L>; R5( 7M>:R7>< /U<$R7><B&
<' R> RL[ R> $57(X( R5( >8($R7X(M UM7<4 ><:[ R5( L(;7<7<4 A5(:R5[B ><(MD (R
' $R' %  4 $R4 % @ ' $R' %& Y5(L( 4 $R4 % 7M R5( MUM(R >/ R5( $><MRL7<RM Y57$5
L( MM>$7R(' Y7R5 R5( 5(:R5[ @LR >/ R5( M[MR(;& <' ' $R' % 7M R5( MUM(R >/ R5(
$><MRL7<RM Y57$5 L( MM>$7R(' Y7R5 R5( /U:R[ @LRD
#/*=*1/ :6> 41/#'@8=*1/5
(-  -D 9> / 9F9>, /-9>8(->9 ' $R' % 9A& >&> >& /->8/+ 28/+,
; ( ' $R' %(  2 &9  9/+A>(/- !- - >(C> >&(9 9/+A>(/-5
5( $5>7$( >/  <(Y M(R >/ $><MRL7<RM Y7:: 7;@:[ R5R 7<@UR6>UR@UR L(:R7><M (6
RY((< $><RL>::(L <' @:<R L( $5<4('D
>R( R5R R5( $><MRL7<RM 4 $R4 % L( 9<>Y< Y57:( ' $R' % L( U<9<>Y<D M7<4
M7;7:L <>RR7><M& :(R '  4 @ ' D 5(<& R5( L($><04ULR7>< MRLR(4[ M>:X(M
R5( @L>:(; ; ( 4 $R4 %( 4 2& 7D(D 7R RL7(M R> $57(X( R5( M[MR(; >8($R7X(M [
$><RL>::7<4 ><:[ R5( 5(:R5[ @LR >/ R5( M[MR(;D
U:R $$>;;>'R7>< <' L($><04ULR7>< L( '7MR7<4U7M5(' $$>L'7<4 R> Y5(R5(L
R5( Q M74<:M (RY((< $><RL>::(L <' @:<R L( $5<4('D ($><04ULR7>< 7;@:7(M
UM( >/ '7//(L(<R Q L(:R7><M (RY((< R5( $><RL>::(L <' R5( M[MR(;D Y7R$5 >/ R5(
M[MR(; R>  '7//(L(<R 7<R(L<: MRLU$RUL(& R> $5<4( 7RM ;>'( >/ >@(LR7><& 7M < (Z;6
@:( >/ MU$5 Q MY7R$57<4D $$>;;>'R7>< '>(M <>R UM( MU$5 ;(<MD
>R5 /U:R $$>;;>'R7>< <' M[MR(; L($><04ULR7>< MRLR(47(M ;[ <((' <(Y
$><RL>: :YM 7< L(M@><M( R> /U:RMD 5([ :M> 5X( R> ;<4( RL<M7(<R (5X7>UL&
Y57$5 L(MU:R /L>; R5( $5<4( >/ $><RL>: :Y >L $5<4( >/ R5( $><MRL7<RMK MRLU$RUL(D

:626; @38A*9*1/

U@@>M( R5R R5( $$>;;>'R7>< <' R5( L($><04ULR7>< MRLR(47(M /7: R> @L>X7'( 
M>:UR7><D 57M ;(<M R5R R5(L( 7M <> @>MM77:7R[& UM7<4 R5( /U:R[ M[MR(; A$$>;;>6
'R7><B >L  MUM[MR(; >/ 7R AL($><04ULR7><B R> $57(X( R5( >8($R7X(D < R57M $M(&
<>R5(L >8($R7X( 5M R> ( @L>X7'(' R> R5( M[MR(;D 57M 7<RL>'U$(M R5( ;>MR 4(<6
(L: @L>:(;& '(0<(' [ R5( 36RU@:( ; & & &  2& Y5(L( 7M  M(R >/ @>MM7:(
$><RL>: >8($R7X(MD 57M @L>:(; 7M $::(' R5( MU@(LX7M7>< @L>:(;D R 7M  '($7M7><
@L>:(; 7< Y57$5 R5( M[MR(; >8($R7X( 7M <>R @L(6'(0<('& UR 5M R> ( '(R(L;7<('&
$$>L'7<4 R> R5( M[MR(; @>MM77:7R7(M R ($5 R7;(& R97<4 7<R> $$>U<R R5( $RU:
M[MR(; @>MM77:7R7(MD
 MU@(LX7M7>< @L>:(; 7M R5UM  /U:R6R>:(L<R $><RL>: @L>:(; MM>$7R(' Y7R5
 '($7M7>< @L>:(;% 7/ /U:R L( MU$5 R5R /U:R R>:(L<$( $<<>R ( $57(X('& R5(
M[MR(; 4>: 7RM(:/ 5M R> ( $5<4('D 5(< /L L($57<4 '($7M7><M Y7R5 L(M@($R R>
R5( M[MR(; 4>: 5X( R> ( R9(<& 5U;< >@(LR>LM L( 4(<(L::[ 7<X>:X('D
R ;[ 5@@(< R5R <> $57(X:( >8($R7X( (Z7MRM U<'(L R5( $RU: M[MR(; @>MM76
7:7R7(MD 57M $< (  '(M74< (LL>L& >L  '(:7(LR( $5>7$( R> $$(@R $(LR7< /7:UL(
M$(<L7>M& (D4D />L L(M><M >/ (<(0R >L M;:: :79(:75>>' >/ $(LR7< (X(<RMD >R( R5R
ZO_ `A]=]FA.WC] )FC]WFA W)<>].)]`W. ^iZ

/7:6R>6M/( $><'7R7><M L( 7<R(<'(' R> X>7' R57M $M( 7< M>;( M7RUR7><M& M7<$( R5([
(Z@L(MM R5R />L $(LR7< $:MM(M >/ /U:RM& R5( >8($R7X( >/ MR>@@7<4 R5( M[MR(; ;UMR
:Y ( $57(X:(D

/+3 4$1 1($-&1 (&1-($ -!114-

5( ;(R5>' R> $57(X( /U:R R>:(L<$(& Y57$5 7M $><M7'(L(' 7< R57M $5@R(L& L(:7(M
>< (;@:>[7<4 /U:R '74<>M7M M$5(;(M ><6:7<( <' >< L($R7<4 R> R5( L(MU:RM >/ R5(
'74<>M7MD  '7M$L(R(6(X(<R M74<: R>  MU@(LX7M>L 4(<R 7M 4(<(LR(' [ R5( '74<>M6
R7$ :4>L7R5; Y5(<  /U:R 7M '(R($R('& <>R5(L Y5(< 7R 7M 7M>:R('D 57M $R7XR(M <
:R(L<R7X( $><RL>: R5R 7M MU@@>M(' R> 5<':( R5( /U:RD 5( $><RL>: />L R5( @LR7$6
U:L $M( $>U:' ( @L(6'(R(L;7<(' />L ($5 R[@( >/ $L7R7$: /U:R >L >R7<(' /L>;
L(:6R7;( <:[M7M <' ><6:7<( L('(M74<D < <[ (X(<R& R5( '(M74< @L>$(MM ;UMR LU<
R5L>U45  <U;(L >/ $M(M (EU: R> R5( <U;(L >/ /U:RM R> ( 5<':(' <' R5(
$><RL>: M[MR(; <((' R> ( L(6'(M74<(' />L ($5 MU$5 $M(D >;( R[@(M >/ /U:RM 7<
M(<M>LM <' $RUR>LM L( M7;@:( R> 5<':(& >R5(LM L(EU7L(  '(R7:(' L(6'(M74<D R 7M
R5(L(/>L( Y>LR5Y57:( R> 0LMR $><M7'(L R5( M7;@:(MR @>MM77:7R7(M& R5(L(/R(L R5( ;>L(
4(<(L: <' $>;@:7$R(' $M( >/ L(6'(M74<D
5( L$57R($RUL( >/  /U:R6R>:(L<R $><RL>: M[MR(; 7M 7::UMRLR(' 7< 74D OD?D  /U:R
7M  '7M$L(R( (X(<R R5R $RM ><  M[MR(; <' [ R5R $5<4(M M>;( >/ 7RM @L>@(LR7(MD
X7<4 '74<>M('  /U:R&  '($7M7>< <(('M R> ( R9(< >UR  L(;('7: $R7><D

     
       

     

       


  
      

   


    

          
      
                  
 

+ .+'+ <. KAC] )C )<C:. >C  ,>X)W.]. eg ]<WF`:< )<C:. >C
X]].X+  KAC] 5`A] )C )`X.  ,>X)W.]. .d.C]O AC] W)<>].)]`W. )C $.
)<C:., $g Xe>])<=Fd.W 5`C)]>FCXO WB.].WX FW X]W`)]`W. F5 ]<.
)FC]WFAA.W )C $. )<C:., $g AF:>) >C  X`K.Wd>XFW `]FB]FCO <.
`]FB]FC :.]X >]X >CK`] 5WFB 5`A] ,>:CFX>XO
^i2 ZO `A]=]FA.WC] )FC]WFA F5 )FC]>C`F`X=dW>$A. XgX].BX

5( 4>: >/ /U:R6R>:(L<R $><RL>: 7M R> L(M@><' R> R5( >$$ULL(<$( >/  /U:R MU$5
R5R R5( /U:R[ M[MR(; MR7:: MR7M0(M R5( 47X(< M@($70$R7><MD U( R> R5( '7M$L(R( <6
RUL( >/ R5( /U:R >$$ULL(<$( <' L($><04ULR7><& /U:R6R>:(L<R $><RL>: M[MR(;M L(
5[L7' 7< <RUL( A$/D ($R7>< SDOBD < R5( 04UL(& N' '(<>R(M /U:R (X(<RM& N L( $><6
RL>: (X(<RM L($><04UL7<4 R5( M[MR(; <' J! R5( $><RL>: ;>'(& Y57$5 M(:($RM  $><RL>:
:YD 5( $RU: @5[M7$: ;>'( J8 >/ R5( @:<R ;[ ( X7(Y(' M R5( '7M$L(R( MRR( >/
< UR>;R>< Y57$5 7M 'L7X(< [ @:<R 7<R(L<: (X(<RM N8 & R5( /U:R (X(<RM N' <' R5(
$><RL>: (X(<RM N D 57:( ;<[ '7//(L(<R @@L>$5(M $< ( UM(' R> M>:X( R5( /U:R6
R>:(L<R $><RL>: @L>:(;& 7R ;[ <>R ( @>MM7:( R> $><RL>: R5( M[MR(; R>  '(M7L('
@(L/>L;<$( />L < L7RLL[ $5<4( >/ @L;(R(L >L MRLU$RUL(D  0<: L(;('7: $6
R7>< 7M R5(< R> $:>M( '>Y< R>  M/( MRR( M5>U:' @L>@(L $><RL>: <>R ( @>MM7:(D 5(
9([ 7MMU( 7M R> ( :( R> >R7< $(LR7< M@($70(' @L>@(LR7(M >/ R5( $><RL>: >/ R5(
/U:R[ M[MR(;& <' R57M $5@R(L R5(L(/>L( />$UM >< ;(R5>'M />L L(6'(M74< M(' ><
M@($70$R7><MD
 /U:R 7< R5( @:<R $< //($R R5( MRLU$RUL( <' R5( @L;(R(LM >/  @:<RD 5(
$>;@:(Z7R[ >/ '(M74<7<4  $><RL>::(L />L R5( /U:R[ M[MR(; 7M R5(L(/>L( 7;;(<M(& <'
R5(L( 7M <> M7<4:(& M[MR(;R7$ Y[ R> '(M74<  $><RL>: M[MR(; Y7R5 L($><04ULR7><
M '(@7$R('D >MR L(M(L$5 Y>L9 '(: (7R5(L Y7R5 '74<>M7M >L $><RL>::(L L($><04U6
LR7><& UR <>R >R5D <( @@L>$5 7M M(' ><  <9 >/ $><RL>::(LM& ($5 ><( (7<4
MM>$7R(' R>  5(:R5[ >L  /U:R[ @:<R Y>L97<4 ;>'(D 5( M(:($R7>< >/ R5( $><6
RL>::(L R> ( UM(' />L R5( @L(M(<R Y>L97<4 ;>'( ;UMR ( MMU;(' R> ( $57(X('
Y7R5 M>;( '(:[ <' @>MM7:[ /:M( :L;MD
5( R5(>L[ >/ :>47$6M(' MY7R$57<4 $><RL>: :M> L(:7(M ><  <9 >/ $><RL>::(LM
A74D ODTBD R 5M L($(<R:[ ((< UM(' />L /U:R6R>:(L<R $><RL>:D 5( MU@(LX7M>L 7M ;'(
>/  M(R >/ (MR7;R>LM& />::>Y(' [ @(L/>L;<$( (X:UR7><& <'  MY7R$57<4 :>47$
M$5(;( A74D ODSBD

         
 


    

  

 


    

+ .+2+ ]W`)]`W. F5 AF:>)=$X., Xe>])<>C: )FC]WFAA.W

$5 (MR7;R>L L($><MRLU$RM R5( @:<R >UR@UR 7< (7R5(L ><( >/ R5( 5(:R5[ >L /U:R[
Y>L97<4 ;>'(MD RM @(L/>L;<$( 7M (X:UR(' [ $>;@UR7<4  <>L; >/ R5( >UR@UR
(MR7;R7>< (LL>L& <' R5( (MR7;R>L R5R [7(:'M R5( M;::(MR @(L/>L;<$( 7<'(Z 7M
ZO^ `A]=]FA.WC] A>C.W Q`,W]>) ,.X>:C ^iD

      
  

   
  

       
      
   
   
 

       

   
  

       

+ .+1+ F:>) e>]<>C  X`K.Wd>XFW X.A.)]X C F`]K`] .X]>B]. 5WFB 


$C@ F5 .X]>B]FWX

MMU;(' R> $>LL(M@><' R> R5( @L(M(<R Y>L97<4 ;>'(D 5( >UR@UR >/ R5( MY7R$57<4
:>47$& . 7M R5( 7<R(4(L MM>$7R(' Y7R5 R5R (MR7;R>L& 7D(D R5( (MR7;R>L <U;(LD 5(
$>LL(M@><'7<4 $><RL>::(L 7M @@:7(' R> R5( @L>$(MM UM7<4 R5( MY7R$57<4 :>47$D
57M @@L>$5& 5>Y(X(L& @L(MU@@>M(M R5R />L ($5 /U:R  L(M><:( $><RL>::(L
5M ((< '(M74<(' (/>L( R5( @:<R 7M @UR 7<R> >@(LR7><D L>;  @L$R7$: @>7<R >/
X7(Y& R57M 7M <>R L(M><:( 7/  $><M7'(L:( <U;(L >/ /U:RM 5M R> ( R9(< 7<R>
$$>U<RD 5(L(/>L(& R57M $5@R(L />$UM(M >< ;(R5>'M R5R $< ( @@:7(' ><6:7<(D
5R 7M& R5( /U:R6R>:(L<R $><RL>: :4>L7R5; 7<$:U'(M  ;(R5>' />L L(6'(M74<7<4 R5(
$><RL>::(L /R(L  /U:R 5M ((< 7'(<R70('D
< R5( M(EU(: >/ R57M $5@R(L& '7//(L(<R @@L>$5(M R> R5( /U:R6R>:(L<R $><RL>:
@L>:(; L( @L(M(<R('& Y57$5 L(/(L R> '7//(L(<R >8($R7X(M <' /U:RMD 5( :7<(L
EU'LR7$ @L>:(; U<'(L $RUR>L /U:RM 7M $><M7'(L(' 7< ($R7>< ODS& R5( ;>'(:6
;R$57<4 @L>:(; U<'(L M(<M>L <' $RUR>L /U:RM 7M '(M$L7(' 7< ($R7>< OD3& R5(
$><RL>: $><04ULR7>< />L L(/(L(<$(6RL$97<4 <' '7MRUL<$( L(8($R7>< 7< ($R7>< OD1&
Y5(L( R5( $><$(@R >/ X7LRU: M(<M>LM <' $RUR>LM L( 7<RL>'U$('& <' 0<::[ ($6
R7>< ODP @L(M(<RM M>;( L(MU:RM >< R5( 4(<(L: MR7:7MR7>< <' '7MRUL<$( L(8($R7><
@L>:(;& U<'(L M(<M>L <' $RUR>L /U:RM& UM7<4 R5( >U:6 U$(L @L;(R(L7MR7><D

/+2 4$1 1($-&1 $!&- ,4-1! .!&


:6>62 1/=81- 381-.

7<(L EU'LR7$ A B @L>:(;M $><MR7RUR(  X(L[ @>@U:L /L;( />L $><RL>: '(M74<D
< R57M M($R7><& R5(  @L>:(; 7M <:[M(' Y7R5 L(M@($R R> R5( @>MM7:( >$$ULL(<$(
>/ $RUR>L /U:RMD R 7M M5>Y< R5R /U:R R>:(L<$( $< ><:[ ( $57(X(' 7/ ';7MM7:(
ALR5(L R5< >@R7;:B M>:UR7><M (Z7MRD ><'7R7><M >< < $RUR>L /U:R R> ( @>MM7:[
^Ii ZO `A]=]FA.WC] )FC]WFA F5 )FC]>C`F`X=dW>$A. XgX].BX

R>:(LR(' L( 47X(< >R5 />L R5( /U:R $$>;;>'R7>< <' />L R5( M[MR(; L($><04U6
LR7>< MRLR(47(MD
><M7'(L R5( M[MR(; Y5>M( <>;7<: >@(LR7>< 7M ;>'(::(' [

9$P%  9$P% ' 6$P% AOD?B
3
 9$P% '  , 6, $P%E
,

9 )  : 4 7M R5( MRR( X($R>L <' 6 )  : 2 7M R5( $><RL>: X($R>LD 4 7M R5( M(R


>/ R5( $RUR>LM& 6, $P% ) 2 7M R5( 7<@UR >/ $RUR>L 4 ) ( <' =  , =, D 
<'  L( $><MR<R ;RL7$(M >/ MU7R:( '7;(<M7><M& <' 7R 7M MMU;(' R5R R5( @7L
$( % 7M $><RL>:::(D 5( />::>Y7<4 >@R7;: $><RL>: @L>:(; 7M $><M7'(L('%
81-. :62 43=*.- 1/=81- 381-.5
15 +=*A  8-9 8 >& 9F9>, 9>> 8/, 9$4%  * >/D89 9$-%  
D&8 * ) 4  - 9$-% 9>-9 /8 D  9$P% D&(+ ,(-(,(9(-% >& A-'
>(/-+

"  
$6( *%  $6 $P%6$P% ' 9 $P%9$P%% )P( AODTB
1 2
D&8  -  8 9F,,>8( ,>8(9 -  , 4(  2 45

@5 1/9=8*/=9  6A>(/- 3;514 (9 9>(9! AP )


4( -% 9$P% - 6$P% 8
/->(-A/A9 A->(/-9 / >(, -   4    2 &/+5

:6>6? 1/=81- 1" =( /1.*/- 3-/=

5( M>:UR7>< >/ L>:(; AODTB 7M Y(:: 9<>Y< /L>; R5( $:MM7$: R5(>L[ >/ >@R7;:
$><RL>:D (R
$9( 6( 1( P% ( R5( M[MR(; ;7:R><7<
"

$9( 6( 1( P%  4 $6 $P%6$P% ' 9 $P%9$P%% ' 1 $P% $9$P% ' 6$P%% (
1
Y5(L( 1$P% 7M R5( '8>7<R MRR( X($R>L& R5(< R5( <($(MML[ >@R7;:7R[ $><'7R7>< 7M
D

9  $9( 6( 1( P%  9 ' 6$P% AODSB


D1
D

1  4$9( 6( 1( P%  9 4  1 AOD3B
D9
D

  $9( 6( 1( P%  6 4    1E
D6
R 7M (M[ R> M5>Y R5R R5( >@R7;: M>:UR7>< 7M 47X(< [
1$P%  4 9$P%
6$P%  4    9$P%(
ZO^ `A]=]FA.WC] A>C.W Q`,W]>) ,.X>:C ^II

Y5(L( 7M R5( AM[;;(RL7$B M>:UR7>< >/ R5( :4(L7$ 7$$RR7 (EUR7><


 '   '   4       
MU$5 R5R R5( $:>M('6:>>@ M[MR(;
'

9$P%   4     9$P%
7M MR:(D 5( M>:UR7>< (Z7MRM M7<$( R5( @7L $( % 7M $><RL>:::(& <' R5( >@R7;:
X:U( >/ R5( $L7R(L7>< 7M 47X(< [
$4( *( *%  *   *( AOD1B
Y5(L( R5( L4U;(<R 4( * L($::M R5R R5(L( 7M <> /U:R[ $RUR>L >< R5( R7;( Y7<'>Y

4( -%D

1.*/- 38"18./96 EUR7>< AOD1B M5>YM R5R R5( <>;7<: @(L/>L;<$( >/ R5(
$RUR>L M(R '(@(<'M >< R5( X:U( >/ *D
 #* ) 4 ( MDRD *   * / "$
L(@L(M(<RM R5( M(R >/ @>7<RM 7< R5( MRR( M@$( /L>; Y57$5 R5( >L747< $< ( L($5('
Y7R5  $>MR :(MM R5< "D 5( $5L$R(L7MR7>< >/ R5( $RUR7>< M$5(;( 7<'(@(<6
'(<R:[ >/ R5( $><RL>: >8($R7X( * :('M R> $><M7'(L R5( Y>LMR $><RL>: @L>:(; /L>;
R5( EU'LR7$ $L7R(L7>< @>7<R >/ X7(Y% RL<M/(L R5( M[MR(; MRR( /L>; 9$4%  *
R>
9$-%  & Y5(L(
*
 ) 3 $4( *( *% E
* 

5( M(R >/ $RUR>LM 7M R5UM $5L$R(L7M(' [ R5( ;Z7;U; (74(<X:U( >/  Y57$5
7M 7<R(L@L(R(' M R5( ;Z7;U; $>MR Y57$5 ;745R ( M@(<R 7< RL<M/(LL7<4 R5( M[MR(;
MRR( /L>; 9$4%  * R> 9$-%   />L M>;( * ) 4 MU$5 R5R !*!  "
$4( *( *
%  :1 $ %E AODPB

:6>6> @-= =1-8/ B*=( 893= =1 =@=18 "@-=9

57M M($R7>< $><M7'(LM R5( M7RUR7>< 7< Y57$5 R5( M[MR(; 7M /U:R:(MM U<R7: R5( R7;(
7<MR<R P' <' 5M /R(LYL'M  /U:R 7< ><( >L M(X(L: $RUR>LMD (<$(& R5( Y5>:(
M(R >/ $RUR>LM 7M 5(:R5[ 7< R5( R7;( 7<R(LX: $4( P'
Y57:( R5(L( 7M  MUM(R  >/
/U:R[ $RUR>LM 7< R5( 7<R(LX:
P' ( -%D (R   @  & Y5(L(  7M R5( MUM(R >/
R5( MR7:: <>L;: $RUR>LMD /R(L P' R5( /U:R[ M[MR(; (5X7>UL 7M '(M$L7(' [
3 3

9$P%  9$P% '  , 6, $P% ' " , $6, $P%( R, % ( AODOB
,  , 

Y5(L( " , $6, $P%( R, % '(M$L7(M R5( $><RL7UR7>< >/ R5( /U:R[ $RUR>L 4D 57M X($6
R>L ;[ ( 9<>Y<& 9<>Y< Y7R5 U<9<>Y< @L;(R(LM R, >L $>;@:(R(:[ U<9<>Y<&
^I_ ZO `A]=]FA.WC] )FC]WFA F5 )FC]>C`F`X=dW>$A. XgX].BX

'(@(<'7<4 >< R5( /U:RM Y57$5 L( $><M7'(L('& <' >/ R5( $@7:7R[ >/ R5( /U:R '76
4<>MR7$ :4>L7R5; R> (MR7;R( R5(;D 5( >8($R7X(& $><MRL7<RM <' $L7R(L7>< >/ R5(
/U:R6R>:(L<R $><RL>: @L>:(; L( 7'(<R7$: R> R5>M( >/ R5( $><RL>: @L>:(;& Y7R5 R5(
(Z$(@R7>< >/ $><MRL7<R AOD?B (7<4 X:7' >< $4( P'
<' (7<4 L(@:$(' [ $><MRL7<R
AODOB ><
P' ( -%D

81-. 1/9=8*/=96 Y> $M(M $< ( $><M7'(L(' M /L M R5( MRRUM >/ $><MRL7<R
AODOB 7M $><$(L<('D
?D < R5( 0LMR $M(& R5( /U:R R>:(L<$( <:[M7M 7M '><( A>//6:7<(B />L 47X(< /U:RM&
Y57$5 L( 9<>Y< R> @>MM7:[ >$$UL 7< R5( $><M7'(L(' M[MR(; A/L>; R5( /7:UL(6
;>'(M <' (//($R <:[M7M& />L (Z;@:(BD 5(L(/>L(& $><MRL7<R AODOB (9 *-/D-
<' R5( /U:R6R>:(L<R $><RL>: $< ( '(M74<(' (/>L(5<' AUR 7R $< ( @@:7('
><6:7<( ><:[ Y5(< R5( $RU: /U:R ;R$5(M R5( /U:R />L Y57$5 7R 5M ((< '(6
M74<('& Y57$5 <(('M R5( $RU: /U:R R> ( 7'(<R70('BD

TD < R5( M($><' $M(& R5( <:[M7M 7M '><( />L <[ 97<' >/ /U:R Y57$5 ;745R >$$UL
'UL7<4 R5( M[MR(; >@(LR7>< <'& R5(L(/>L(& $><MRL7<R AODOB (-% -/> *-/D-&
5M 47< R> ( 7'(<R70(' A>L L(@:$(' [ <>R5(L $><MRL7<R 7/ 7'(<R70$R7>< 7M
7;@>MM7:( >L <>R X7::(BD5( 7'(<R70$R7>< >/ R5( MUM(R  >/ /U:R[ $6
RUR>LM 7M <>L;::[ '><( [ R5( /U:R '74<>MR7$ :4>L7R5;& Y57$5 '(R($RM <'
7M>:R(M R5( /U:RMD (0<7<4 R5( $><MRL7<RM L(MU;(M R> 7'(<R7/[7<4 R5( /U<$R7><M
" , $6, $P%( R, %( 4 )  D 57M 7M <>R UMU::[ '><( [ /U:R '74<>MR7$ :4>L7R5;M&
<' $>U:' ( L(/(LL(' R> M  (%-/9>( A>L /U:R (MR7;R7><B @>MM77:7R[& Y57$5
L(MRM >< /U:R ;>'(::7<4 <' >< /U:R @L;(R(L 7'(<R70$R7><& <' 7R $>U:' ( 6
>L <>R 6 @L>X7'(' [ R5( /U:R '74<>MR7$ M[MR(;D
5(L(/>L(& R5( RY> @@L>$5(M R> /U:R6R>:(L<R $><RL>: $< ( @@:7(' 7< '(@(<6
'(<$( U@>< R5( M7RUR7><D U:R $$>;;>'R7>< $><M7MRM >/ $><RL>::7<4 R5( /U:R[
M[MR(; /R(L L(@:$7<4 ED AODOB [
3 3  %

9$P%  9$P% '  , 6, $P% ' 6, $P%( 5
" , ( AOD+B
,
,  , 

Y5(L( R5( /U<$R7><M " $6, $P%( 5


, % <' @L;(R(LM 5
, & 4 )  L( (MR7;R('D [M6
,
R(; L($><04ULR7>< $><M7MRM >/ $><RL>::7<4 ><:[ R5( 5(:R5[ @LR >/ R5( M[MR(; AR5UM
MY7R$57<4 >// R5( /U:R[ $RUR>LMB& Y57$5 ;(<M L(@:$7<4 ED AODOB [
3

9$P%  9$P% '  , 6, $P%E AOD=B
, 

.*99*- 91-@=*1/96 5R(X(L R5( M(:($R(' MRLR(4[&  M>:UR7>< R> R5( /U:R6
R>:(L<R $><RL>: @L>:(; (Z7MRM @L>X7'(' R5( >8($R7X( 9$-%   $< MR7:: ( L($5('
/L>; R5( 7<7R7: MRR( 9$4%  *D 5(< M>:UR7><M L( <(('(' R> (Z7MR />L <[ >8($R7X(
*& 7R 7M >X7>UM:[ <($(MML[ R5R R5( M[MR(; AODOB >L AOD=B 7M MR7:: $><RL>:::(D
ZO^ `A]=]FA.WC] A>C.W Q`,W]>) ,.X>:C ^I^

U@@>M( R5R R5( /U:R6R>:(L<R $><RL>: @L>:(; 5M  M>:UR7><& 7D(D R5( M[MR(; MRR(
$< ( RL<M/(LL(' /L>; 9$4%  * R> 9$-%  & <' 7<RL>'U$( R5( <>RR7><
$$4( P' % ( $*(  % ( *% AOD?]B
/>L R5( ;7<7;: $>MR MM>$7R(' Y7R5 R5( RY> R7;( 7<MR<RM $4( P' % R Y57$5 R5( /7:('
$RUR>LM L( L(M@($R7X(:[ $*(  %D X7>UM:[& R5( /$R R5R  M>:UR7>< (Z7MRM '>(M <>R
;(< R5R 7R 7M MR7M/$R>L[D Y> $M(M $< ( '7MR7<4U7M5('D
% 5( $>MR 7M >/ <> 7;@>LR<$( @L>X7'(' R5( M[MR(; >8($R7X( 7M $57(X(' 7< M@7R( >/
R5( /U:RD < R57M $M(& R5( $RUR7>< M$5(;( 7M /U:R R>:(L<R Y7R5 L(M@($R R> R5(
M7RUR7><  >$$ULL7<4 R R7;( P' 7/ <' ><:[ 7/ M[MR(; AOD+B 6 Y5(< $$>;;>'6
R7>< 7M UM(' 6 >L AOD=B 6 Y5(< L($><04ULR7>< 7M $><$(L<(' 6 7M $><RL>:::(D
% >;( $>MR :7;7RR7>< 7M $><M7'(L('D :R5>U45 >@R7;:& R5( $>MR ;745R ( R>> 5745&
R5UM '(<[7<4 R5( $RUR7>< M$5(;( R> '(M(LX( R5( H/U:R6R>:(L<RI :(: Y7R5
L(M@($R R> R5( M7RUR7><  D
#/*=*1/ :6& 4.*99**-*=D5
>    A+> 9(>A>(/- /A88(-% > >(, P' 5 & 9/+A>(/- / >& A+>'>/+8->
/->8/+ 28/+, (9 ,(99(+ D(>& 892> >/ >& /->8/+ /)>(C * ( - /-+F (
$$4( P' % ( $*(  % ( *% / L$*% $4( *( *% ( AOD??B
D&8 L$*% , " (9 9/, 28!- A->(/-5
X7>UM:[& L$*% 7M R5( ;Z7;: :>MM >/ (/0$7(<$[ Y57$5 $< ( ';7RR(' Y5(< 
$><RL>: M>:UR7><& Y57$5 MR7:: $57(X(M R5( >8($R7X( *& UR U<'(L R5( M7RUR7><& Y5(L(
R5( /U:R  >$$ULM R R7;( P' 7M UM('D 5L(( M@($7: $5>7$(M >/ L$*% ;[ ( >/
7<R(L(MRD
% L$*%  -( A* ) 4 E
< R57M $M(& /U:R R>:(L<$( 7M ><:[ $><$(L<(' Y7R5 R5( (Z7MR(<$( >/ < >@R7;:
M>:UR7><& Y5R(X(L 7RM $>MR& R5UM L(MU;7<4 R5( /U:R R>:(L<$( @L>@(LR[ R> R5( @(L6
;<(<$( >/ R5( $><RL>::7:7R[ @L>@(LR[&

% L$*%  * B * ( A* ) 4 ( !*! / "


'(0<(M  U<7/>L; >U<' N />L R5( $>MR >/ $><RL>::7<4 R5( /U:R[ M[MR(;& Y5R(X(L
R5( 7<7R7: MRR( 7< R5( U<7R M@5(L(&

% L$*%  L
( A* ) 4
'(0<(M  U<7/>L; >U<' />L R5( :>MM >/ (/0$7(<$[ 7< R5( $><RL>: >/ R5( /U:R[
M[MR(;& Y5R(X(L R5( $><RL>: >8($R7X(D
M(' >< R5( '(0<7R7>< >/ ';7MM77:7R[& /U:R R>:(L<$( $< ( '(0<(' M />::>YMD
#/*=*1/ :6$ 4@-= =1-8/ 1"  9D9=. 9@+= =1 =@=18 "@-=95
& >A>(/- 9&, (9 A+> >/+8-> D(>& 892> >/ >& A+>  /A88(-% > >(,
P' /8 >& /->8/+ /)>(C * ( - /-+F ( >& /,,/>(/- /8 >& 8/-!%A8>(/-
28/+, &9 - ,(99(+ 9/+A>(/-5
^I9 ZO `A]=]FA.WC] )FC]WFA F5 )FC]>C`F`X=dW>$A. XgX].BX

:6>6& @-= 1..1=*1/

5( $$>;;>'R7>< MRLR(4[ 7M <>Y <:[M(' />L R5( M[MR(; '(M$L7(' [


3

9$P%  9$P% '  , 6, $P% />L P )
4( P'

,
3 3

9$P%  9$P% '  , 6, $P% ' " , $6, $P%( R, % ( 9$P' %  9' (
,  , 
/>L P )
P' ( -% E

/=*"D*/' =( "@-=D 9D9=.6 7<$( R5( /U<$R7><M " , $6, $P%( R, % <' @L;(R(LM
R, ( 4 )  L( <>R 9<>Y<& R5([ ;UMR ( (MR7;R('& <' R5(L(/>L( R5(  $><RL>:
@L>:(; 7M M(R />L R5( ;>'(:
3

9$P%  9$P% '  , 6, $P% />L P )
4( P'

,
3 3  %

9$P%  9$P% '  , 6, $P% ' 6, $P%( R ,
" />L P )
P' ( -% (
,
,  , 
 %
6, $P%( 5
Y5(L( R5( /U<$R7><M " , & 4 )  L( 9<>Y<D 57M
, <' @L;(R(LM 5
,
@@L>$5 >X7>UM:[ <(('M M>;( /U:R ;>'(: R> ( '(0<('& <' 7RM @L;(R(LM R> (
7'(<R70('D
MMU;( 7R 7M 9<>Y< R5R R5( /U:R[ $RUR>LM $< MR7:: ( '(M$L7(' [  :7<(L
;>'(:
 %
" 6, $P%( 5
,   , 6, $P%( 4 ) 
,

<'& R5(L(/>L(& R5( ;>'(: >/ R5( /U:R[ M[MR(; 7M


3 3

9$P%  W$P% '  , T, $P% ' - T- $P%
 AOD?TB
,  - 
 W$P% '  ' $P%(
Y5(L(  '  $  (   % 7M R5( <(Y $RUR>L ;RL7Z& />L;(' [ R5( $><$R(<R7>< >/
R5(  , ;RL7$(M MM>$7R(' Y7R5 R5( 5(:R5[ $RUR>LM    $ , ( 4 )  % <' R5(
 - ;RL7$(M MM>$7R(' Y7R5 R5( /U:R[ $RUR>LM 
  $ - ( 6 )  %

1.1=*/' =( 1/=81- =1 =( "@-=D 9D9=.6 L>; (::;<KM >@R7;:7R[ @L7<6
$7@:(& R5( $$>;;>'R7>< MRLR(4[ $><M7MRM >/ @@:[7<4 R5( >@R7;: $><RL>: M>:UR7><
R> M[MR(; AOD?TB& Y7R5 7<7R7: $><'7R7>< 9'  9$P' %& >< R5( R7;( 7<R(LX:
P' ( -%&
R5UM :('7<4 R> $>;@UR( R5( $$>;;>'R(' $><RL>: <' RL8($R>L7(M M R5( M>:UR7><
>/
9  9 '  ' 6$P%
1  9 4  1 AOD?SB
6    ' 1
ZO^ `A]=]FA.WC] A>C.W Q`,W]>) ,.X>:C ^I7

Y7R5 R5( L(MU:R R5R R5( X:U( >/ R5( $L7R(L7>< 7M <>Y
$$4( P' %( $*(  %( *%%  2' ' 9'  ' 9' AOD?3B
7<MR(' >/
$4( *( *%  *   *(
Y5(L( 2' 7M R5( $>MR :L('[ M@(<R (RY((< P  4 <' P  P' <'  ' 7M R5( M>:UR7><
>/ R5( :4(L7$ 7$$RR7 (EUR7>< 7< Y57$5  5M ((< L(@:$(' [  ' & <;(:[
 '   ' '  '  4  '  '   '  '  E AOD?1B

9=*/' =( .*99**-*=D 1" =( 1..1= 1/=81-6 L>; M7;@:( $:$U:6
R7><M& <' R97<4 7<R> $$>U<R R5R
$4( *( *%  2' ' 9'  9'
><( 5M
2'  *   * 4 9'  9'
<' R5(L(/>L(
$$4( P' %( $*(  %( *%%  *   * ' 9' $ ' 4  % 9' E AOD?PB
L>; AOD?3B <' R5( '7//(L(<R '(0<7R7><M >/ ';7MM77:7R[& R5( M(R >/ RL7@:(M
$ ' ( P' ( *%
Y57$5 $< ( R>:(LR(' [ < $$>;;>'R7>< MRLR(4[ L( $5L$R(L7M(' M />::>YM%
% L$*%  -( A* ) 4
$(  ' % $><RL>:::( AOD?OB
B 4
% L$*%  *   * ( A* )  ( !*! / "

$(  ' % $><RL>:::(


AOD?+B
9' $ ' 4  % 9' / N 4 *   *
% L$*%  L
( A* ) 4
$(  ' % $><RL>:::(
AOD?=B
9' $ ' 4  % 9' / $L
4 "% *  *
>R( R5R R5(M( $><'7R7><M '(@(<' >< R5( X:U( >/ R5( MRR( 9' R R5( R7;( >/ R5( /U:R
>$$ULL(<$(& Y57$5 7M $>;@UR(' [
 D
9'  +  D
*' +"D D# 6$P% )P(
2

Y5(L( 6$P% 7M R5( >@R7;: $><RL>: $>;@UR(' /L>; AOD3B& <' $< :M> ( (Z@L(MM('
M
^I[ ZO `A]=]FA.WC] )FC]WFA F5 )FC]>C`F`X=dW>$A. XgX].BX


9'  +"    #D *E

7<$( P' 7M >X7>UM:[ U<9<>Y< (/>L(5<'& R5(M( $><'7R7><M $< ><:[ ( $5($9('
><6:7<(& R R7;( P' Y5(< R5( /U:R 7M '(R($R('& 7M>:R(' <' '74<>M('D / $>ULM(& 7R
;745R ( U<@:(M<R R> '7M$>X(L ><6:7<( R5R R5( /U:R R5R 8UMR >$$ULL(' $<<>R (
$$>;;>'R('D 5(L(/>L(& 7R 7M 7<R(L(MR7<4 R> :>>9 />L MU/0$7(<R $><'7R7><M& Y57$5
$>U:' ( $5($9(' >//6:7<(D U$5 $><'7R7><M $< ( />U<' U<'(L R5( L(M><:( M6
MU;@R7>< R5R 7/ R5( >8($R7X( $< ( L($5(' [ < ';7MM7:( $><RL>: UM7<4 R5(
/U:R[ M[MR(; /L>; R5( (47<<7<4& R5(< 7R $< :M> ( L($5(' [ < ';7MM7:( $><6
RL>: Y5(< R5( <>;7<: M[MR(; 7M 0LMR UM(' <' L(@:$(' AR < U<9<>Y< R7;(B [ R5(
/U:R[ ><(D
57M MMU;@R7>< 7M >X7>UM:[ MR7M0(' M 7R $< ( M((< [ $><M7'(L7<4 R5( Y>LMR
$M( X:U( >/ 9' 7< R5( @L(X7>UM $><'7R7><MD <'(L R5( MMU;@R7>< R5R $ ' 4  %
, 4 AY57$5 7M L(M><:( M7<$( 7R MRR(M R5R R5( /U:R[ $RUR>LM L( :(MM (/0$7(<R
R5< R5( 5(:R5[ ><(MB& R5( Y>LMR $M( M7RUR7>< 7M R5R 7< Y57$5 R5( /U:R >$$ULM
L745R R R7;( P'  4& <' R5(L(/>L( ><( 5M 9'  *& Y57$5 :('M R> R5( MU/0$7(<R
$><'7R7><M AODT]B , AODTTB />L R5( /U:R  R> ( R>:(LR(' UM7<4 < $$>;;>'R7><
MRLR(4[D >R( R5R R5(M( $><'7R7><M $5L$R(L7M( :: R5( @7LM $ ' ( *% />L Y57$5 R5(
M[MR(; 7M /U:R R>:(L<R& Y5R(X(L R5( R7;( R Y57$5 R5( /U:R  ' >$$ULMD
% L$*%  -( A* ) 4
$(  ' % $><RL>:::( AODT]B

B 4
% L$*%  *   * ( A* )  ( !*! / "
$(  ' % $><RL>:::(
AODT?B
* ' * / N

% L$*%  L
( A* ) 4
$(  ' % $><RL>:::(
AODTTB
*  $ ' 4 L
8  % * / 4
5( $><'7R7><M U<'(L Y57$5 R5( /U:R  ' $< ( R>:(LR(' />L <[ >8($R7X( *&
Y5R(X(L R5( R7;( R Y57$5 7R >$$ULM& L( >X7>UM:[ 47X(< [
% L$*%  -( A* ) 4
$(  ' % $><RL>:::(( AODTSB

B 4
% L$*%  *   * ( A* )  ( !*! / "
$(  ' % $><RL>:::(
AODT3B
:1 $ ' % / N(
ZO^ `A]=]FA.WC] A>C.W Q`,W]>) ,.X>:C ^IZ

% L$*%  L
( A* ) 4
$(  ' % $><RL>:::(
AODT1B
:1 $ ' 4 L
8  % / 4E

:6>6$ 1/=81- 81/#'@8=*1/

($><04ULR7>< MRLR(47(M M(R R5( $><RL>: @L>:(; >/  M[MR(; 7< Y57$5 R5( /U:R[
@LR 5M ((< MY7R$5(' >//D 5( $5>7$( >/  L($><04ULR7>< MRLR(4[ ;745R />::>Y
/L>; R5( 7;@>MM77:7R[ >/ (MR7;R7<4 R5( /U:R& >L 7R $< ( '(:7(LR(& M> M R> 7;@:(6
;(<R /U:R6R>:(L<R MRLR(47(M Y57$5 @L>X7'( 4UL<R((' L(MU:RM& <' L( M M7;@:(
<' M U<'(LMR<':( M @>MM7:( [ >@(LR>LMD < ;<[ $M(M& L($><04ULR7>< 7M
U<'(LMR>>' M R5( L(@:$(;(<R >/ R5( /U:R[ @LR [ M>;( <><6/U:R[ ><(D ><M7'6
(L7<4 R5( @L>:(; U<'(L 7<X(MR74R7><& R57M ;(<M R5R M>;( $RUR>LM Y(L( <>R 7<
M(LX7$( (/>L( R5( /U:R >$$ULL(<$( <' R5R R5([ $< ( MY7R$5(' >< /R(L R5( /U:RD
(R 6' ' ( R5( M(R >/ R5>M( $RUR>LM& Y57$5 L( MMU;(' Y7R5>UR :>MM >/ 4(<(L6
:7R[ R> ( <><6/U:R[D R >X7>UM:[ />::>YM R5R $><M7'(L7<4 /L>; R5( (47<<7<4 R5(
Y5>:( M(R >/ $RUR>LM @ 6' ' L('U$(M R5( @L>:(; R> R5R >/ L($><04UL7<4 R5( M[M6
R(; 6' ' @  @  [ M7;@:[ L(;>X7<4 R5( /U:R[ @LRD 5UM& 7<$:U'7<4 6' ' Y7R57<
A<;(:[& 7<R>  B& ><( $< 4> >< Y7R5 U<$5<4(' <>RR7><MD < R57M M7RUR7><& R5(
/U:R6R>:(L<R $><RL>: @L>:(; 5M R> ( <:[M(' L(@:$7<4 ED AODOB [
3

9$P%  9$P% '  , 6, $P%E
, 

5(L(/>L(& :: R5( @L($('7<4L(MU:RM <'%MRR(;(<RM :M> @@:[ R> R5( L($><04UL6
R7>< MRLR(4[& @L>X7'('  '    (   7M L(@:$(' [  '  $  ( %D
R 7M (M7:[ M((< R5R  ' ><:[ '(@(<'M >< R5( MUM(R >/ $RUR>LM  Y5R(X(L
R5( /U:RM R5R $R >< R5( MUM(R >/ $RUR>LM  D 5(L(/>L(& <(7R5(L 7M 7R <(('(' R>
MMU;( R5R R5( /U:R[ $RUR>LM ( '(M$L7(' [  :7<(L ;>'(:  ' & <>L 7M 7R <(('('
R> 7'(<R7/[ R57M ;>'(:D >L(>X(L& M7<$( R5(L( 7M ><:[  0<7R( <U;(L >/ $RUR>L
MUM(RM& R5( L($><04UL(' $><RL>:M $< ( $>;@UR(' >//6:7<( />L ($5 @>MM7:( MUM(R
 & <' R5( M>:UR7>< $< ( MY7R$5(' ><6:7<( M M>>< M R5(  5M @L>X7'(' R5(
$ULL(<R MUM(R >/ /U:R[ $RUR>LM AR57M <(('M ><:[ /U:R '(R($R7>< <' 7M>:R7><BD
>R( R5R />L M>;( MUM(RM  < ';7MM7:( M>:UR7>< Y7:: <>R (Z7MR& R5(L(/>L( 7R 7M >/
7<R(L(MR R> <:[M( >//6:7<( :: R5( @>MM7:( MUM(RM >/ /U:R[ $RUR>LMD

( -==* 1" =@=189 9@9=96 7<$( 7M R5( M(R >/ :: $RUR>LM 7< R5( M[MR(;&
R5( @>Y(L M(R 1 7M R5( M(R >/ :: @>MM7:( $RUR>L MUM(RMD $$>L'7<4 R> R5( /$R
R5R R5( @7L $(  ' % MM>$7R(' Y7R5  47X(< MUM(R  MR7M0(M >L <>R $><'7R7><M
AODTSB6AODT1B& 1 $< ( @LR7R7><(' 7<R>
1  1 $ @ 1  (
Y5(L(
^I2 ZO `A]=]FA.WC] )FC]WFA F5 )FC]>C`F`X=dW>$A. XgX].BX

1 $  #  <  R5( /U:R    $< ( R>:(LR('$


1   # :  R5( /U:R    $<<>R ( R>:(LR('$
R 7M Y(:: 9<>Y< R5R @>Y(L M(RM 5X(  :RR7$( MRLU$RUL(D 5R ;(<M R5R 1 $<
( L(@L(M(<R(' [  57(LL$57$: 4L@5& Y5(L( <>'(M L( $RUR>L MUM(RM >L4<7M('
7<R> :(X(:M M />::>YM%
6 :(X(: 4 $><R7<M ><:[ (
6 :(X(: ? $><R7<M :: MUM(RM  MU$5 R5R  5M ><:[ ><( (:(;(<R&
6 :(X(: T $><R7<M :: MUM(RM  MU$5 R5R  5M RY> (:(;(<RM&
6 (R$ DDD
6 R5( :MR :(X(: 7M R5( (;@R[ M(R A  $><R7<M :: $RUR>LM BD
$5 :(X(: 7M @LR7R7><(' 7<R> <>'(M Y57$5 (:><4 R> 1 $ R> 1  D '4(M $><<($R
<>'(M Y57$5 (:><4 R> '8$(<R :(X(:M <' '7//(L [ ><:[ ><( $RUR>LD (R  ( 
<>'(&  $  % R5( M(R >/ 7RM />::>Y(LM <'  $  % R5( M(R >/ 7RM @L('($(MM>LMD <( 5M
 $  %  #    #N$ ( N )  $
 $  %  #    @ #N$ ( N )  $
L>; R57M '(0<7R7>< 7R 7M (M[ R> '(0<(  $  % 6 L(M@D  . $  % 6 R5( M(R >/ :: />:6
.

:>Y(LM >/  6 L(M@D >/ :: @L('($(MM>LM 6 R5R '7//(L /L>;  [ (Z$R:[ 7 $RUR>LM&
/>L <[ 7  "( 1( EE !  !D

6#(" .+1 (' 2.1#(' 1. 121(. 2%1/


FCX>,.W  XgX].B e>]< Z X]].X+ C, 9 )]`]FWX*  !' #' %' (O <. B]W>).X  C, 
W. X 5FAAFeX*
   ,' ,0A' ,+' ,' ,-' ,A' ,-A '
$ +
0      0
#  0    0  *
,
  # *A
"   0  0   )
 0  0   
<. )FCX>,.W., )W>].W>FC >X


,' !!  , L!, L! (L'
- $

e<>)< B.CX ]<] FCAg ]<. )FC]WFA .C.W:g >X F5 >C].W.X] C,  >X ]<. >,.C]>]g B]W>fO C ]<]
)X.+ >] >X @CFeC ]<]
' 0' !!  !   
 !'

e<.W.   >X ]<. WB>C XXF)>]., e>]< ]<. K>W ' !+ >O.O
  %
  *5   *5 (LA
$
'
<. Bf>BA .>:.CdA`. >X 6#    !  0A+( .C.W:g `C>]XO
XX`B. ]<] ,B>XX>$A. XFA`]>FCX W. ,.6C., X`)< ]<] ]<. eFWX] X>]`]>FC )FC]WFA )FX]
X<F`A, CF] .f).., A- .C.W:g `C>]XO <.C+ ]<.W. W. Ii 5`A] X>]`]>FCX >C e<>)< ]<. XgX=
].B >X )FC]WFAA$A. $g W.)FC6:`W]>FC+ CB.Ag e<.C FCAg )]`]FWX !' #' %' (+ #' %' (+
ZO^ `A]=]FA.WC] A>C.W Q`,W]>) ,.X>:C ^ID

!' %' (+ !' #' (+ !' #' %+ %' (+ #' %+ !' (+ !' #+ !' % W.B>C d>A$A.+ $`]
FCAg [ F5 ]<.B W. ,B>XX>$A. e<.C .C.W:g A>B>]]>FC >X )FCX>,.W.,+ X X<FeC $g $A. ZOIO
" .+' ,B>XX>$A. )]`]FWX X`$X.]X C, XXF)>]., )<W)].W>X]>)X
)]`]FW 6#
X`$X.]X L.C.W:g `C>]XM
!' #' %' ( 0A+(
#' %' ( A(
!' %' ( 0A)()
!' #' ( 0A-(
!' #' % 0A((
'  A
'  A 
'  A
!' # A0)-
'  A
>:`W. ZO9 X<FeX ]<. )]`]FWX A]]>). C, >]X 6d. A.d.AXO W@ :W.g CF,.X W. X`$X.]X F5
)]`]FWX ]<] )CCF] )FC]WFA ]<. XgX].B L]<. )FWW.XKFC,>C: K>W '  ! >X CF] )FC]WFAA$A.M+
A>:<] :W.g CF,.X W. X`$X.]X F5 )]`]FWX $g e<>)< ]<. XgX].B >X )FC]WFAA$A.+ $`] .C.W:g
A>B>]]>FCX W. CF] B.]+ e<>]. CF,.X W. X`$X.]X F5 )]`]FWX e<>)< AAFe ]F )FC]WFA ]<. XgX].B
>C C ,B>XX>$A. egO W.g CF,.X )FWW.XKFC, ]F 5`A]X ]<] )CCF] $. ]FA.W].,O 

   

           

           

   

 

+ .++ <. A]]>). F5 ]<. )]`]FWX X`$X.]X >C ]<. .fBKA.

*98= 9== (A*1@8 1" =( =@=*1/ 9D9=.6 (0<( R5( '7M$L(R( MRR( >/ R5(
$RUR7>< M[MR(; M R5( MUM(R >/ $RUR>LM  $P%( R5R L( 5(:R5[ R R7;( P <'
MMU;(& Y7R5>UR :>MM >/ 4(<(L:7R[& R5R  $4%  D MMU;( R5R R R7;( P $RUR>L
^_i ZO `A]=]FA.WC] )FC]WFA F5 )FC]>C`F`X=dW>$A. XgX].BX

N ($>;(M /U:R[& R5(< R5(  ;($5<7M;& [ '7M$L'7<4 $RUR>L N ( L(MU:RM 7<


R5( '7M$L(R( MRR(  $P %  #N $& Y57$5 (:><4M R>  $ %D ULR5(L /U:RM Y7::
L(MU:R 7< '7M$L(R( MRR(M  $P% ;>X7<4 R> :>Y(L :(X(:M 7< R5( :RR7$(& $$>L'7<4 R> R5(
'[<;7$ '7$L(R( MRR( (EUR7><
 $P$ %   $P % #' $P%$ (
Y5(L(  $P % 7M R5( '7M$L(R( MRR( (/>L( R5( /U:R& ' $P% <  $P % 7M R5( MUM(R
>/ $RUR>LM R5R ($>;( /U:R[ R R7;( P( <'  $P$ % 7M R5( '7M$L(R( MRR( /R(L R5(
M[MR(; L($><04ULR7><D [;;(RL7$::[& L(@7L >@(LR7><M ;>X( R5( '7M$L(R( MRR( R>
5745(L :(X(:M& $$>L'7<4 R>
 $P$ %   $P % @ #? $P%$ (
Y5(L( ? $P% <  $P % 7M R5( MUM(R >/ $RUR>LM R5R 5X( ((< L(@7L(' R R7;(
P A7R $< ( $5($9(' R5R MUM(RM >/ /U:R[ >L L(@7L(' $RUR>LM $< ( RL(R(' ><( [
><(& 7< < L7RLL[ >L'(L& L(MU:R7<4 7< R5( M;( @>MR6/U:R >L @>MR6;7<R(<<$( <>'(
7< R5( :RR7$(BD (@7L >@(LR7><M 5X( < 7;@>LR<R 7;@$R >< M[MR(; L(:77:7R[ A[
;(<M >/ /U:R X>7'<$(B& UR 'U( R> M@$( :7;7RR7><& R5([ Y7:: <>R ( $><M7'(L('
<[ /ULR5(L 5(L(D

8*=*- =@=18 9@9=96 MMU;( R5R  $P% ) 1 $ D  MUM(R >/ $RUR>LM  :


 $P% MU$5 R5R
 $P%  ) 1 $
7M <>R $L7R7$:& 7< R5( M(<M( R5R 7RM :>MM $< ( R>:(LR('D 5( 8*=*- =@=18 9@9=9
MM>$7R(' Y7R5  '7M$L(R( MRR(  $P% L( :: R5( ;7<7;: MUM(RM R5R MR7M/[
 
 $  $P%%   :  $P%   $P%  ) 1 
7<7;:7R[ 7M L(EU7L(' 7< R5( '(0<7R7>< ($UM( R5( :>MM >/ <[ MU@(LM(R >/  $L7R7$:
$RUR>L MUM(R $>U:' >X7>UM:[ <>R ( R>:(LR('D

A-@=*1/ 1" =( "@-= =1-8/ -A-6 5( M[MR(; 7M R>:(L<R R> $RUR>L /U:RM&
Y5(< R5(  MRLR(4[ 7M UM('& M :><4 M
 $P% ) 1 $
7<$( R5( M(R 1 $ $< ( '(R(L;7<(' >//6:7<(& 7R 7M (M[ R> $5($9 ><6:7<(& Y5(<
$RUR>LM /7: <' L( MY7R$5('6>//& 7/ R5( MRR(  $P% MR7M0(M R57M $><'7R7><D (RR(L&
R <[ R7;( P( 7R 7M @>MM7:( R> (X:UR( R5( GL(;7<7<4 /U:R R>:(L<$(G [ ;(<M >/
R5( 8A--F %89%
 
7
 $P%   7   . $  $P%% 6= 1 $
 
71
 $P%   7   . $  $P%% . 1 $  *
7
 $P% 7M $::(' R5( MRL><4 L('U<'<$[ '(4L(( >/  $P%D R />::>YM /L>; 7RM
'(0<7R7>< R5R <> ;RR(L Y57$5 $RUR>LM L( :>MR& M :><4 M R5(7L <U;(L '>(M <>R
(Z$((' 7
 $P% 4 "( R5( /U:R $< ( R>:(LR('D
ZO9 `A]=]FA.WC] BF,.A=B])<>C: ,.X>:C ^_I

71
 $P% 7M R5( Y(9 L('U<'<$[ '(4L(( >/
 $P% D R />::>YM /L>; 7RM '(/6
7<7R7>< R5R R5( 744(MR M(R >/ $RUR>LM Y5>M( :>MM $< ( R>:(LR(' 7M >/ M7\(
71
 $P% 4 "E R >X7>UM:[ />::>YM /L>; R5(7L '(0<7R7>< R5R />L <[  $P%
7
 $P% / 71
 $P% E

6#(" .+ 2''6  ./


>:`W. ZO9 X<FeX ]<] 4 !' #' %' (
 * ]<. AFXX F5 FC. )]`]FW $W>C:X ]<. XgX].B ]F
 .d.A I CF,.+ e<>)< >X e<>]. 5FW X`W.O <. AFXX F5 ]eF )]`]FWX ,F.X CF] :`WC].. ]<>X
KWFK.W]gO ] >X AXF X..C ]<] 4# !' #' %' (
 -* ]<.W. .f>X]X  X>]`]>FC+ e<.W. ]<. AFXX F5
]eF )]`]FWX )C $. ]FA.W]., L]<.W. >X FC. e<>]. CF,. ] A.d.A _MO 

/+ 4$1 1($-&1 %($ %1!& .!&


:6&62 1/#'@8=*1/ 381-.

5( M7$ M$5(;( >/ /U:R6R>:(L<R $><RL>: 7M '(@7$R(' 7< 74D ?D? >< @D TD R R5(
(Z($UR7>< :(X(:&  /(('$9 $><RL>::(L
6$P%  ,$:$P%( : ' $P%%
7M UM(' R> RR(<UR( R5( '7MRUL<$( $ <' R> (<MUL( $>;;<' RL$97<4 />L R5( $>;6
;<' 7<@UR : ' D 5( $><RL>: :Y , 7M '(M74<(' M> R5R R5( $:>M('6:>>@ M[MR(; MR6
7M0(M R5( 47X(< L(EU7L(;(<RM />L R5( /U:R:(MM @:<RD (/>L(  /U:R / >$$ULM R5( MU6
@(LX7M7>< :(X(: M5>Y< 7< R5( 04UL( 7M <>R $R7X(D
5( '@RR7>< >/ R5( $><RL>::(L R> R5( /U:R[ M[MR(; 7M $$>;@:7M5(' R R5( MU@(L6
X7M7>< :(X(:D 57M @L>$(MM L(MU:RM 7< <(Y $><RL>::(L @L;(R(LM <' @>MM7:[ 7<  <(Y
$><RL>: $><04ULR7><D / R5( M(<M>LM <' $RUR>LM Y>L9 '7//(L(<R:[ M (/>L( UR R5(
/U:R[ @:<R 7M MR7:: >M(LX:( <' $><RL>:::(& R5( $><RL>: $><04ULR7>< $< L(;7<
M (/>L( UR R5( $><RL>::(L @L;(R(LM 5X( R> ( '@R(' R> R5( /U:R[ M[MR(;D 57M
@L>$(MM 7M $::(' /U:R $$>;;>'R7><D
>Y(X(L& 7/ R5( M(<M>L >L $RUR>L /U:RM L(9 R5( $><RL>: :>>@& <(Y M(<M>LM >L
$RUR>LM& L(M@($R7X(:[& 5X( R> ( UM('D 5(< R5( $><RL>::(L 5M R> ( HL($><04UL('I
7< R5( M(<M( R5R R5( Y5>:( @L>$(MM >/ M(:($R7<4  MU7R:( $><RL>: $><04ULR7>< <'
>/ $5>>M7<4 @@L>@L7R( $><RL>::(L @L;(R(LM 5M R> ( L(@(R(' /R(L R5( /U:R 7M
@L(M(<RD R 7M <>R MU/0$7(<R R> $5<4( M>;( $><RL>::(L @L;(R(LMD <MR('& R5( $><RL>:
@L>:(; 5M R> ( $><M7'(L(' H/L>; R5( M$LR$5I [ @@L>@L7R(:[ $5>>M7<4
% R5( M74<: X($R>L : R> ( $><RL>::(' <' R5( 7<@UR X($R>L 6 R> ( UM('&
% R5( $><RL>: :Y , 7<$:U'7<4 R5( $><RL>::(L @L;(R(LM&
% R5( M(R6@>7<R : ' >/ U<'(L:[7<4 $><RL>: :>>@MD
><RL>: L($><04ULR7>< $< ( R5>U45R >/ M < H<:[R7$: L(@7LI >/ R5( $:>M('6
:>>@ M[MR(;& Y5(L( 7<MR(' >/ L(@7L7<4 R5( @:<R R5( $><RL>::(L M>/RYL( 7M $5<4('
Y57:( (Z@:>7R7<4 R5( L('U<'<R ;(MUL(;(<R >L $><RL>: M74<:M />L MR7M/[7<4 R5(
$><RL>: M@($70$R7><M '(M@7R( >/ R5( /U:R A74D OD1BD
^__ ZO `A]=]FA.WC] )FC]WFA F5 )FC]>C`F`X=dW>$A. XgX].BX

           

   
   
   

           

 
           

+ .++ `A]=]FA.WC] )FC]WFAA.W

> M>:X( R5( /U:R6R>:(L<R $><RL>: @L>:(;& 7R 7M MMU;(' R5R  MRR(6M@$( ;>'(:

9$P%  )$9$P%( 6$P%( / %( 9$4%  92 AODTPB
:$P%  +$9$P%( 6$P%( / % AODTOB
Y7R5 MRR( 9 ) 4 & 7<@UR 6 ) 2 <' >UR@UR : ) ? 7M X7::( Y57$5 :M> '(6
M$L7(M R5( '(@(<'(<$( >/ R5( @:<R '[<;7$M U@>< R5( /U:RM / )  & Y5(L( R5( M(R 
7<$:U'(M :: /U:RM U<'(L $><M7'(LR7><D ULR5(L;>L(& 7R 7M MMU;(' R5R  '74<>MR7$
:4>L7R5; 5M 7'(<R70(' R5( $ULL(<R /U:R / D
$$>L'7<4 R> R5(M( MMU;@R7><M& R5( /U:R6R>:(L<R $><RL>: @L>:(; $< ( MU;6
;L7M(' M />::>YM%
81-. :6? 4@-=)=1-8/= 1/=81- 381-.5
*A/ /+ 3;5@<4 3;5@;4 / >& 2+->5
/,(-+ /->8/++8 ,5
/->8/+ 92(!>(/-95
A+> / 5
*/ /->8/+ /-!%A8>(/- - -D /->8/+ +D , ' 5

>R( R5R 7< $><RLMR R> R5( UMU: $><RL>::(L '(M74< @L>:(;& :M>  <>;7<: $><6
RL>::(L , 7M 47X(<D <( >/ R5( 7;@>LR<R M@($RM >/ /U:R6R>:(L<R $><RL>: 7M R> R9(
'X<R4( >/ R5( 9<>Y:('4( >/ R5( <>;7<: $><RL>::(L ,D

:6&6? 9@1)*/A89 .=(1


<( >/ R5( (L:7(MR ;(R5>'M />L R5( $><RL>::(L L(6'(M74< 7M M(' >< ;>'(:6;R$57<4D
M R5( <>;7<: $:>M('6:>>@ M[MR(; 7M 9<>Y<& R5( ;>'(: >/ R57M M[MR(; $< ( UM('
M  '(M$L7@R7>< >/ R5( '[<;7$: @L>@(LR7(M R5R R5( <(Y $><RL>::(L M5>U:' @L>'U$(
7< $><<($R7>< Y7R5 R5( /U:R[ @:<RD 5R 7M& R5( $:>M('6:>>@ M[MR(; M5>U:' ;R$5
R5( ;>'(: >/ R5( <>;7<: :>>@D
5( 7'( >/ ;>'(:6;R$57<4 7M '(@7$R(' 7< 74D ODPD 5( <>;7<: $:>M('6:>>@
M[MR(; 7M $>;@>M(' >/ R5( :7<(L <>;7<: @:<R
ZO9 `A]=]FA.WC] BF,.A=B])<>C: ,.X>:C ^_^

    
         
 

   
          

         
   
         
 

   
          
+ .+/+ ,. F5 ]<. BF,.A=B])<>C: KKWF)< ]F )FC]WFA
W.)FC6:`W]>FC


9$P%  9$P% ' 6$P% AODT+B
:$P%  9$P% AODT=B
<'  MRR( /(('$9 $><RL>::(L 6$P%  4 9$P% >R5 >/ Y57$5 [7(:' R5( ;>'(: >/
R5( $:>M('6:>>@ M[MR(;

9$P%  $ 4  % 9$P%
:$P%  9$P%E
/ R5( $><RL>::(L '>(M <>R UM( :: R5( 7<@URM T, >/ R5( 7<@UR X($R>L 6& R5( ;RL7Z
5M \(L> L>YMD 5(< R5( /U:R / >$$ULM& R5( /U:R[ @:<R 7M 47X(< [

9$P%  ' 9$P% '  ' 6$P% AODS]B
:$P%   ' 9$P%( AODS?B
Y5(L( R5( /U:R / 5M $5<4(' R5( M[MR(; @L>@(LR7(M& Y57$5 L( <>Y '(M$L7(' [
R5( ;RL7$(M ' &  ' <'  ' D / R5( M(RM >/ X7::( 7<@UR >L >UR@UR M74<:M 5X(
$5<4('& R5( ;RL7$(M  ' <'  ' 5X( X<7M57<4 $>:U;<M >L L>YM& L(M@($R7X(:[D 
<(Y MRR( /(('$9 $><RL>::(L
6$P%  4 ' 9$P%
M5>U:' ( />U<' MU$5 R5R R5( $:>M('6:>>@ M[MR(;

9$P%  $' 4  ' ' % 9$P%
:$P%   ' 9$P%
(5X(M :79( R5( <>;7<: :>>@D 5R 7M& R5( L(:R7><
 4   ' 4  ' ' AODSTB
5M R> 5>:'& Y57$5 ;(<M R5R >R5 $:>M('6:>>@ M[MR(;M 5X( M7;7:L '[<;7$MD
^_9 ZO `A]=]FA.WC] )FC]WFA F5 )FC]>C`F`X=dW>$A. XgX].BX

EUR7>< AODSTB $<<>R ( MR7M0(' U<:(MM  <'  ' 5X( R5( M;( 7;4(& A:79(
7< R5( $M( >/  L('U<'<R $RUR>LBD 5(L(/>L(& R5( <(Y $><RL>::(L ' 7M $5>M(< M>
M R> ;7<7;7M( R5( '7//(L(<$(
"$ 4  % 4 $' 4  ' ' %"E AODSSB
5( M>:UR7>< R> R57M @L>:(; 7M 47X(< [
'
'  $ 
' $' 4  '  %   '  '  ' $' 4  '  % ( AODS3B
Y5(L(  $ ' '(<>R(M R5( @M(U'>7<X(LM( >/  ' 47X(< >< R5( L745R65<' M7'( >/ AODS3BD
RM UM( @L>X7'(M R5( L(M>< />L R5( <;( 29A/'(-C89 ,>&/ >/ R57M @@L>$5D
5( <(Y $><RL>::(L AODS3B 7M '@R(' R> R5( /U:R[ M[MR(; <' ;7<7;7M(M R5( '7//(L6
(<$( AODSSB (RY((< R5( '[<;7$: @L>@(LR7(M >/ R5( <>;7<: :>>@ <' R5( $:>M('6
:>>@ M[MR(; Y7R5 R5( /U:R[ @:<RD >Y(X(L& 7R '>(M <>R (<MUL( R5( MR7:7R[ >/ R5(
$:>M('6:>>@ M[MR(;D 5(L(/>L(& R5( MR7:7R[ >/ ' 4  ' ' 5M R> ( R(MR(' M(@6
LR(:[D ZR(<M7><M >/ R57M ;(R5>' (<MUL( R5( MR7:7R[ Y7R5>UR  M(@LR( R(MRD

@-= 1..1=*1/ / 1/=81- 81/#'@8=*1/6 5( ;(R5>' '(M$L7(' M> /L
7M LR5(L 4(<(L:D R 7<$:U'(M >R5 /U:R $$>;;>'R7>< <' $><RL>: L($><04ULR7><D
(@(<'7<4 >< R5( M(<M>LM <' R5( $RUR>LM UM('& R5( $><RL>::(L 7M M7;@:[ '@R('
R> R5( <(Y @:<R '[<;7$M >L 7R UM(M <(Y M(<M>LM >L $RUR>LMD < R5( :RR(L $M( X<6
7M57<4 L>YM 7< R5( <>;7<: $><RL>::(L L( L(@:$(' [ <><\(L> (:(;(<RM& Y57$5
;(<M R5R <(Y $RUR>LM L( UM(' <'& 5(<$(&  <(Y $><RL>: $><04ULR7>< L(MU:RMD

:6&6> 1-).=(*/' 1/=81- "18 9/918 "*-@89


57M M($R7>< $><M7'(LM R5( $M( >/ $>;@:(R( M(<M>L /7:UL(MD / R5( 46R5 M(<M>L /7:M&
R5( >UR@UR Y, 7M 7'(<R7$: R> \(L>D < R5( @:<R ;>'(: R5( ;RL7Z  $5<4(M R>  ' &
Y5>M( 46R5 L>Y 7M \(L>& UR R5( >R5(L ;RL7$(M L(;7< R5( M;( M 7< R5( <>;7<:
$M(D 5( $>LL(M@><'7<4 L($><04ULR7>< @L>:(; Y7:: ( 7<X(MR74R(' 5(L( />L >UR6
@UR /(('$9
6$P%  4 :$P% (
/>L Y57$5 R5( $:>M('6:>>@ M[MR(; 7M '(M$L7(' [

9$P%  $ 4  % 9$P%
:$P%  9$P%E
>L R5( /U:R[ @:<R& R5( <(Y $><RL>::(L
6$P%  4 ' : ' $P%
M5>U:' ( />U<' MU$5 R5R R5( $:>M(' :>>@

9$P%  $ 4  '  ' % 9$P%
: ' $P%   ' 9$P%
5M R5( M;( '[<;7$M M R5( <>;7<: :>>@D
ZO9 `A]=]FA.WC] BF,.A=B])<>C: ,.X>:C ^_7

5( $><RL>::(L 5M R> MR7M/[ R5( M7;@:70(' X(LM7>< >/ ED AODSTB
'  '  E AODS1B
> 0<' < @@L>@L7R( ;RL7Z ' 7M @>MM7:( ><:[ 7/ R5( $><'7R7><
(L<$ ' % < (L<$% AODSPB
7M MR7M0('& Y5(L( (L< '(<>R(M R5( 9(L<(: >/  ;RL7ZD 5( $><'7R7>< ;(<M R5R
R5( ;(MUL(;(<R 7</>L;R7>< >R7<(' [ R5( /U:: >UR@UR X($R>L : 7M R5( M;( M
R5( 7</>L;R7>< >R7<(' [ R5( L(;7<7<4 M(<M>LM R5L>U45 : ' D 5( $><'7R7>< AODSPB
$< ( YL7RR(< 7< < (EU7X:(<R />L; M
! (

)  '  ) E
'
.. :62 - 9 / 9-9/8 (+A89 E> ,/+',>&(-% -  8& ( >&
8+>(/- 3;5?<4 &/+95 &- >& /->8/++8
6$P%  4  :$P% AODSOB
9/+C9 >& 8/-!%A8>(/- 28/+, D&8
 '
 
   $ '   '  '  ' AODS+B
9>(9!9 >& 8+>(/-
   ' E AODS=B

5( L($><04UL(' $><RL>::(L '   @L>'U$(M  $:>M('6:>>@ M[MR(; R5R 5M


(Z$R:[ R5( M;( @L>@(LR7(M M R5( /U:R:(MM $:>M('6:>>@ M[MR(;D
7RUR7><M Y5(L( R5( L(EU7L(;(<R AODSPB 7M MR7M0(' 7<$:U'( R5( />::>Y7<4%
% 5( /U:R 5M $5<4(' R5( M(<M7R7X7R[ >/ R5( M(<M>L& UR R5( M74<: 7M <>R $>;@:(R(:[
:>MRD (<$(& : '  " : 5>:'M />L M>;( M$:L "D
%  M(<M>LM 7M R /U:R Y57$5 5M R :(MR ><( @L::(: L('U<'<R M(<M>LD 5( ;RL7Z
 MY7R$5(M R5( >UR@UR R> R5( L('U<'<R M(<M>LD
% < <:[R7$ L(:R7>< (RY((< R5( /U:R[ >UR@UR <' M(X(L: >R5(L >UR@UR X:U(M
(Z7MRM& Y57$5 $< ( L(/>L;U:R(' [ UM7<4 R5( ;RL7Z  D
5( :R(L RY> $M(M L( ><:[ @>MM7:( 7/  '>(M <>R 5X( /U:: L<9& Y57$5 7M :79(:[
7< M@($7: @@:7$R7><M ><:[D

:6&6& 1-).=(*/' 1/=81- "18 =@=18 "*-@89

< $M( >/ < $RUR>L /7:UL(& R5( ;RL7Z  7M L(@:$(' [ R5( ;RL7Z  ' Y7R5 \(L>
$>:U;< />L R5( /7:7<4 $RUR>LD 5( >UR@UR /(('$9

<. @.WC.A F5  >X ]<. X.] F5 d.)]FWX / 5FW e<>)< / L!   <FA,XO
^_[ ZO `A]=]FA.WC] )FC]WFA F5 )FC]>C`F`X=dW>$A. XgX].BX

6$P%  4 :$P%
Y57$5 :('M R> R5( $:>M('6:>>@ M[MR(;

9$P%  $ 4  ' % 9$P%
:$P%  9$P%E
M5>U:' ( L(@:$(' [  <(Y $><RL>::(L
6$P%  4 ' : ' $P%
MU$5 R5R R5( $:>M(' :>>@

9$P%  $ 4  ' ' % 9$P%
: ' $P%  9$P%
5M R5( M;( '[<;7$M M R5( <>;7<: :>>@D
5( $><RL>::(L 5M R> MR7M/[ R5( M7;@:70(' X(LM7>< >/ ED AODSTB
 ' '   E AOD3]B
 M>:UR7>< ' R> R57M (EUR7>< (Z7MRM ><:[ 7/ R5( $><'7R7><
; $ ' % = ;$% AOD3?B
5>:'M& Y5(L( ; '(<>R(M R5( 7;4( >/  ;RL7ZD < (EU7X:(<R />L;U:R7>< >/ R5(
$><'7R7>< AOD3?B 7M 47X(< [
)  '  ) $ ' % E
.. :6? - 9 / >A>/8 (+A89 E> ,/+',>&(-% -  8& (
65 3;5$14 &/+95 &- >& 8/-!%A8 /->8/++8 (9 %(C- F
6$P%  4 :$P%( AOD3TB
D&8
  % 
  $
'   ' ' '  AOD3SB

(9  ,>8(E 9>(9 F(-% >& 8+>(/-


'    E AOD33B

5( <(Y $><RL>::(L '   [7(:'M  $:>M('6:>>@ M[MR(; Y7R5 (Z$R:[ R5(
M;( @L>@(LR7(M M R5( <>;7<: $:>M(' :>>@D

6#(" .+ (%"&1!#' (. 121(. #%2./


<>X .fBKA. ,.BFCX]W].X ]<. BF,.A=B])<>C: KKWF)< 5FW )]`]FW 5>A`W.X C, X<FeX ]<.
B>C >,. C,  X>]`]>FC >C e<>)< ]<>X KKWF)< 5>AXO
FCX>,.W ]<. ]C@ XgX].B X<FeC >C >:O ZOZ e<>)< <X ]eF >CK`] K>K.XO $d>F`XAg+ 5FW ]<.
A.d.A )FC]WFA+ FCAg FC. K>K. >X C.).XXWg X )FC]WFA >CK`] C, ]<. W.,`C,C] >CK`] )C $. `X.,
>C )X. F5 C )]`]FW 5>A`W.O
<. >B:. F5  >X ]<. X.] F5 d.]FWX 0+ 5FW e<>)<  d.)]FW / .f>X]X X`)< ]<] 0  / <FA,XO
ZO9 `A]=]FA.WC] BF,.A=B])<>C: ,.X>:C ^_Z


 
 

 


+ .+.+ fBKA. ,.BFCX]W]>C: ]<. BF,.A=B])<>C: W.)FC6:`W]>FC
X]W].:g

XX`B. 6WX]+ ]<] ]<. dAd. KFX>]>FC >X `X., X ]<. )FC]WFA >CK`]XO <.C ]<. XgX].B )C $.
,.X)W>$., $g  X]].=XK). BF,.A LZO_2M+ LZO_DM e<.W. ]<. B]W>f
   4!
<X ]eF A>C.WAg ,.K.C,>C: )FA`BCX $.)`X. ]<. ]eF >CK`] >C8`.C). ]<. XgX].B >C ]<. XB.
eg C, ]<. .55.)]X F5 ]<. ]eF )]`]FWX ,>X]>C:`>X< FCAg e>]< W.XK.)] ]F XFB. )FCX]C] 5)]FW
4O C ]<. CFB>CA XgX].B+ ]<. 6WX] )FC]WFA >CK`] >X `X.,*
P  P  , 0
5FW XFB. )FC]WFAA.W C, XFB. F`]K`] 0 F5 ]<. ]C@ XgX].BO
5 ]<. )FWW.XKFC,>C: )]`]FW 5>AX+ ]<. )FC]WFAA.W X<F`A, $. Xe>])<., ]F ]<. X.)FC, >CK`]+
e<.W.
   4!
<FA,XO <. BF,.A=B])<>C: XFA`]>FCX g>.A,X ]<. L_IM=.A.B.C] F5 ]<. B]W>f

  4  ! 4   '
4
e<>)< B.CX ]<] ]<. F`]K`] P F5 ]<. CFB>CA )FC]WFAA.W >X ]WCX5FWB., >C]F ]<. >CK`]

P  P
4
]F ]<. X.)FC, )]`]FWO <>X >X  F$d>F`X XFA`]>FC* X ]<. :>C F5 ]<. C.e )]`]FW >X 4=]>B.X
]<. :>C F5 ]<. FA, FC.+ ]<. FA, >CK`] P >X B`A]>KA>., $g % O  K.W5.)] W.)FC6:`W]>FC W.X`A]XO
Fe )<C:. ]<. X>]`]>FC $g >C)A`,>C: ]<. BF]FWX 5FW ]<. dAd.X X X<FeC >C >:O ZOZO X
]<.X. BF]FWX <d. >C].:WA ,gCB>)X+ ]eF ,,>]>FCA X]].X <d. ]F $. ,,., ]F ]<. X]].
$ +
S
,  " S )
/
/
X`)< ]<] ]<. BF,.A CFe W.,X X
$ + $ +
0 0 0  0 ! (
( "0 P
,
/  0 0 )/
, #" 0  )
(L P
 4   
0    !
^_2 ZO `A]=]FA.WC] )FC]WFA F5 )FC]>C`F`X=dW>$A. XgX].BX

C KW>C)>KA.+ ]<. XB. XFA`]>FC X $.5FW. >X KFXX>$A.O Fe.d.W+ ]<. BF,.A=B])<>C: KKWF)<
g>.A,X 5FW
$ +

  "0)

$ +
0
  ")

]<. XFA`]>FC
$$ + $ ++ $ + $ +
0 0 0 
  ""  ) "  )) "  ) " 0 )  0A
   
.C).+ ]<.W. >X CF )FC]WFA >CK`] ] AAO <. BF,.A=B])<>C: KKWF)< 5>AXO
<. W.XFC 5FW ]<>X W.X`A] A>.X >C ]<. 5)] ]<] ]<. BF,.A=B])<>C: >,. ]W>.X ]F W.KWF,`). ]<.
.55.)] P F5 ]<. CFB>CA )FC]WFAA.W $g ]<. W.)FC6:`W., )FC]WFAA.W  PO <>X >X >BKFXX>$A.
>C ]<>X .fBKA.+ $.)`X. ]<. CFB>CA )FC]WFAA.W <X  ,>W.)] .55.)] FCAg FC ]<. X]]. dW>$A.
S C CF .55.)] ] AA FC ]<. X]]. dW>$A. S e<.W.X ]<. W.,`C,C] >CK`] A.,X ]F ]<.
W.d.WX. X>]`]>FCO .C).+ CF )<F>). F5 )C W.KWF,`). Cg F5 ]<. .55.)]X F5 ]<. CFB>CA
>CK`]O <. 5>A`W. F5 ]<. BF,.A=B])<>C: KKWF)< A>.X >C ]<>X >,. C, )C $. )>W)`Bd.C].,
$g .f].C,>C: ]<. BF,.A=B])<>C: >B ]F ]<. e<FA. KAC] X ,.X)W>$., $.AFeO 

:6&6$ 8,1A 38.=8 3381( =1 1/=81- 81/#'@8=*1/ "18 =@=18


"*-@89

5( @L(X7>UM @@:7$R7>< >/ R5( ;>'(:6;R$57<4 @@L>$5 UM7<4 R5( @M(U'>67<X(LM(
>< R5( 7<@UR ;RL7Z M5>YM R5R R5( L(M>< >/ 7RM /7:UL( :7(M 7< R5( $><$(<RLR7>< >< R5(
/>L$7<4 $R7><& @>7<R &  7< 74D OD+D < R5( @@L>$5 M5>Y< 7< R57M ($R7><& R5( 4>:
L(/(LM R> R5( Q6(5X7>UL >/ R5( @:<RD [ R57M />L;U:R7><& <:[R7$: L('U<'<$7(M
($>;( ;(<:( Y57$5 L( M(' >< 7<R(L<: $>U@:7<4M X7 R5( M[MR(; ;RL7Z ><
R5( ><( 5<' <' R5( M(:($R7>< >/ L(:(X<R MRR(M X7 R5( >UR@UR ;RL7Z >< R5( >R5(L
5<'& M(( @>7<R &  7< R5( 04UL(D U$5 L('U<'<$7(M L( 57''(< /L>;  />L$7<4 $R7><
@(LM@($R7X(D
5( 8*/C 28,>89
,  ", # ( 4  "( E E E ( ? AOD31B
$>;@:(R(:[ '(M$L7( R5( 7<@URQ>UR@UR6(5X7>UL >/  :7<(L M[MR(; AODT+B& AODT=B 7<
R(L;M >/ 7RM RL<M/(L /U<$R7><
3
 $M%  , M, E AOD3PB
,2

5( L9>X @L;(R(L6M(' @@L>$5 RL7(M R> L($>X(L R5( <>;7<: @:<R L9>X
@L;(R(LM /R(L < $RUR>L /7:UL( [ UM7<4 R5( MRR7$ L($><04ULR7>< :>$9
6! $P%   6' $P%E AOD3OB
ZO9 `A]=]FA.WC] BF,.A=B])<>C: ,.X>:C ^_D

     

 


   

   

   




+ .++ CK`]\F`]K`]=$X., W.)FC6:`W]>FC 5].W )]`]FW 5>A`W.X

/ R5( L9>X @L;(R(LM >/  L($><04UL(' @:<R ;R$5 R5>M( >/ R5( <>;7<:
@:<R AODT+B& AODT=B (Z$R:[& R5( '[<;7$ Q6(5X7>UL 7M L($>X(L(' (Z$R:[& Y57$5
7M >R5 <($(MML[ <' MU/0$7(<R />L MU$$(MM/U: MRR7$ Q6L($><04ULR7><D
7R5 R5( >M(LX7:7R[ ;RL7Z
$ +

# *
#  *
  ## DD * ) 424
* AOD3+B
" D )
"4 #
R5( '(M74< @@L>$5 R> L9>X @L;(R(L L($>X(L[ 7M
  )  "   '  4   " AOD3=B

Y7R5 R5( M>:UR7><
  $   ' %$   E AOD1]B
/ R5( $><'7R7><
 $   ' % =  $  % AOD1?B
5>:'M& R5(< @(L/($R Q6L($><04ULR7>< L(MU:RM 7< R5( M(<M( R5R :: L9>X @L;(6
R(LM L( (Z$R:[ L($>X(L('D 57M $><'7R7>< 7M (EU7X:(<R R>
) $   ' %  ) $   '   %E AOD1TB
< R5( >X(L6$><MRL7<(' $M(& < @@L>Z7;R( M>:UR7>< 7M >R7<(' 7< R57M Y[
Y57$5 ;R$5(M R5( >L747<: L9>X @L;(R(LM M $:>M(:[ M @>MM7:(D
.. :6> - 9 / >A>/8 (+A89 E> ,/+',>&(-% D(>& 892> >/ >&
(-2A>=/A>2A>'&C(/A8 -  8& ( >& /-(>(/- 3;5"14 &/+95 &- >& 8'
/-!%A8 /->8/++8 (9 %(C- F
^^i ZO `A]=]FA.WC] )FC]WFA F5 )FC]>C`F`X=dW>$A. XgX].BX

6$P%  4 :$P%( AOD1SB


D&8
  $   ' %$    AOD13B
(9  ,>8(E 9>(9 F(-% >& 8+>(/-
", #  '   ", # ( 4  "( E E E ( ?E AOD11B
& -D /->8/++8 F(+9  +/9'+//2 9F9>, D(>& E>+F >& 9, (-2A>=/A>2A>'
&C(/A8 9 >& -/,(-+ +//25

#,! .+' '.%#16 ( 1! &1!(


<. KKWF)< >X dA>, >C )FCC.)]>FC e>]< Cg )FC]WFAA.W+ X>C). ]<. KAC] \=W.XKFCX. >X W.)Fd=
.W., C, ]<. 5`A] >X <>,,.C 5WFB ]<. )FC]WFAA.WO
5 ]<. CFB>CA AFFK eX >C].WCAAg X]$A.+ ]<>X KWFK.W]g >X KW.X.Wd., `C,.W W.)FC6:`W]>FC
>5 )FC,>]>FC LZO7IM <FA,X+ X C CAgX>X `X>C: ]<. ABC ,.)FBKFX>]>FC W.d.AXO 

6#(" .+ )&$0+* (%"&1!#' (. 121(. #%2./ .$(3 )).(!


<. .fBKA. >X CFe XFAd., `X>C: ]<. W@Fd KKWF)<O ] >X X<FeC ]<] ]<. KWF$A.BX F5
]<. BF,.A=B])<>C: KKWF)< `X>C: ]<. KX.`,F=>Cd.WX. B.]<F, W. Fd.W)FB.O
<. )FCX]W`)]>FC F5 ]<. F$X.Wd$>A>]g B]W>f LZO92M g>.A,X
    / 4/! e>]< /  0  AAA! ' LZO7[M
e<.W.X 5].W ]<. 5`A]
     4/!A LZO7ZM
FC,>]>FC LZO7IM >X B.] C, ]<. ,B>XX>$A. XFA`]>FC ]F ]<. KWF$A.B
   LZO72M
>X 5F`C, `X>C: QO LZO7iM X
! (
0 0
  A LZO7DM
%

X .fK.)].,+ ]<. )FC]WFA >CK`] B.C] 5FW ]<. 6WX] dAd. >X W.,>W.)]., ]F ]<. X.)FC, dAd.
e>]< ]<. )FWW.)] :>C ,?`X]B.C]O 

6#(" .+/ .$(3 )).(! ))%# 1( 1! 14("1'$ 5&)%


<. KAC] )FCX>X]X F5 ]<. ]eF ]C@X  C,  >C].W)FCC.)]., $g dAd.X P ' P + e<.W. 
>X 6AA., d> K`BK P X X<FeC >C >:O ZODO Ad.X W. .A.)]WFB.)<C>)AAg ,W>d.C e>]< ]<.
BF]FW X]].X Q ' Q O <. )FC]WFAA., Q`C]>]>.X W. ]<. A.d.AX 1 C, 1 O >]< ]<. X]]. / 
Q ' Q ' 1 ' 1 ! + ]<. ]C@ XgX].B >X ,.X)W>$., $g ]<. A>C.W BF,.A LZO_2M+ LZO_DM e>]<
$ +
0 0 0 0
# 0 0 0 0 *
  0 #
" ,+A-
*
,+A ,(A +A) )
+A- +A (A ,
ZO9 `A]=]FA.WC] BF,.A=B])<>C: ,.X>:C ^^I

$ + $ +
0 0 0 0 0 0
# 0
# 0 0 * # 0 0 0 *
  0 " *' #
  0 " *
A 0 0 ) A 0 0 )
0 0 0 0 0 0
! (
0 0  0
 
0 0 0 
C, )FC]WFAA., $g ]eF ,.).C]WA>X., KWFKFW]>FCA )FC]WFAA.WX O

 

   

   
 

 
 
  
  
  

+ .+%+ .)FC6:`W]>FC F5  ]eF=]C@ XgX].B

5].W  $AF)@>C: AFe.W dAd. ] 5`A] ]>B. L + e<>)< g>.A,X P L!  0 5FW L % L + ]<. KAC]
>X X]]>)AAg \=W.)FC6:`W$A. ))FW,>C: ]F ]<. )FC,>]>FC LZO7_MO <. W.)FC6:`W]>FC LZO79M
g>.A,X
$ +
 0 0
" 0 0 0 )A
0 0A)( 

  
ç²çn
  


ç²çÉ

ç²çË

¥çç Öçç Ñçç {çç xçç Ëçç Éçç nçç


 
ç²n


ç²Ë
ç²{
ç²Ö
¥çç Öçç Ñçç {çç xçç Ëçç Éçç nçç

  

+ .+'9+ fK.W>B.C]A W.X`A]X e>]< ]<. W.)FC6:`W., ]C@ XgX].B*


5].W ]<. 5>A`W. F5 ]<. AFe.W dAd. LP + XFA>,M ]<. )FC]WFAA.W )]X ] ]<.
`KK.W dAd. LP + ,X<.,M
^^_ ZO `A]=]FA.WC] )FC]WFA F5 )FC]>C`F`X=dW>$A. XgX].BX

<. $.<d>F`W F5 ]<. X`)).XX5`AAg W.)FC6:`W., KAC] e>]< 5`A] - F))`WW>C: ] L  -0I >X
X<FeC >C >:O ZOIiO 5].W ]<. 5`A] ] L  -0I C, W.)FC6:`W]>FC ] L  -)0I+ ]<. )FC]WFA
)]>FC >X W.,>W.)]., 5WFB ]<. AFe.W ]F ]<. `KK.W dAd.O <>X )]>FC KK.WX AF:>)A+ $`] >] >X CF]
5F`C, $g ]<. e.AA=@CFeC KX.`,F=>Cd.WX. B.]<F,O 

/+ (&1-($ -(&4-1!(& (- 141(- (- .&.(- !$4-.

:6$62 ( * 1" A*8=@- 9/9189 / A*8=@- =@=189

(X(L( /U:RM MU$5 M R5( $>;@:(R( /7:UL( >/ $RUR>LM >L M(<M>LM L(9 R5( $><RL>:
:>>@M L>U45R >UR [ R5( <>;7<: $><RL>::(LMD < >L'(L R> 5>:' R5( M[MR(; 7< >@6
(LR7><& 7R 7M <($(MML[ R> UM(  '7//(L(<R M(R >/ 7<@UR >L >UR@UR M74<:M R> $57(X(
R5( $><RL>: RM9D <$( R5( <(Y $><RL>: $><04ULR7>< 7M M(:($R('& <(Y $><RL>::(L @6
L;(R(LM 5X( R> ( />U<'D 5( 4>: >/ R5( L($><04ULR7>< 7M R> MR7:7M( R5( /U:R[
@L>$(MM <' R> 9((@ 7R >@(LR7><: Y7R5 MU/0$7(<R @(L/>L;<$(D


       
     


            
    

    


         





    
             
      
 

+ .+''+ W>C)>KA. F5 )FC]WFA W.)FC6:`W]>FC 5FW )]`]FW FW X.CXFW


5`A]X

74UL( OD?? M5>YM R5( ;7< 7'( >/ R5( ;(R5>'M (Z@:7<(' 7< R57M M($R7><D <MR('
>/ '@R7<4 R5( $><RL>::(L R> R5( /U:R[ @:<R&  L($><04ULR7>< :>$9 7M UM(' R> '@R
R5( /U:R[ @:<R R> R5( <>;7<: $><RL>::(LD 5( /U:R[ @:<R R>4(R5(L Y7R5 R5( L($><6
04ULR7>< :>$9 M5>U:' @L>'U$(& />L  47X(< 7<@UR 6! & R5( M;( A>L @@L>Z7;R(:[
R5( M;(B >UR@UR : ! M R5( <>;7<: @:<RD (<$(& R5( $><RL>::(L HM((MI R5( M;(
@:<R M (/>L( <' L($RM 7< R5( M;( Y[ M (/>L(D
57M M>:UR7>< >/ R5( L($><04ULR7>< @L>:(; RL7(M R> @@:[  ;7<7;: $5<4( R>
R5( $><RL>: :>>@D < @LR7$U:L& R5( <>;7<: $><RL>::(L L(;7<M < U<$5<4(' :>$9
>/ R5( $><RL>: :>>@D 5( LR7><:( />L 9((@7<4 R5( $><RL>::(L M (/>L( 7M 47X(< [
R5( /$R R5R R5( (Z7MR7<4 $><RL>: :>Y 7<$:U'(M X:U:( 7;@:7$7R 9<>Y:('4( >UR R5(
@L>$(MM <' R5( @>MM7:( @(L/>L;<$( >/ R5( $:>M('6:>>@ M[MR(;D 57M 9<>Y:('4(
YM $EU7L(' 'UL7<4 R5( '(M74< $[$:( <' 7M <>R L(@L(M(<R(' 7< R5( @L>$(MM ;>'(:D
ZO7 FC]WFA W.)FC6:`W]>FC 5FW )]`]FW FW X.CXFW 5>A`W.X ^^^

>L (Z;@:(& 'UL7<4 R5( '(M74< 7R ($;( >X7>UM& Y57$5 $><RL>: >8($R7X(M A:79(
>X(LM5>>R& <' Y7'R5& M(RR:7<4 R7;(B $< ( ;(R Y7R5 L(M><:( $><RL>: (//>LR <'
Y57$5 <>RD 5( RL'(6>// (RY((< R5( '7//(L(<R $><RL>: >8($R7X(M 7M L(@L(M(<R(' [
R5( <>;7<: $><RL>::(LD
< $M( >/  M(<M>L L(96'>Y<& R5( L($><04ULR7>< :>$9 L(MU:RM /L>; R5( @@:76
$R7>< >/  U(<(L4(L >M(LX(L R> L($><MRLU$R R5( 7;;(MUL:( >UR@URD R 7M $::('
 HX7LRU: M(<M>LI& ($UM( 7R L($><MRLU$RM R5R (:(;(<R Y, >/ R5( >UR@UR X($R>L : !
/L>; R5( >R5(L ;(MUL(' >UR@UR M74<:M R5R R5( /U:R[ M(<M>L '>(M <> :><4(L ;(6
MUL(D / < $RUR>L ($>;(M /U:R[& R5( L($><04ULR7>< :>$9 7M >R7<(' 7<  'U:
Y 5( L($><04ULR7>< :>$9 7M $::('  HX7LRU: $RUR>LI& ($UM( 7R $RM :79( R5(
/U:R[ $RUR>L UR L(@:$(M R5( (//($R >/ R57M $RUR>L [ UM7<4 R5( $><RL>: 7<@UR >/
R5( >R5(L $RUR>LM @@L>@L7R(:[D 5( L($><04UL(' $><RL>::(L& Y57$5 7M R> ( @@:7('
R> R5( /U:R[ @:<R& $><M7MRM >/ R5( <>;7<: $><RL>::(L <' R5( L($><04ULR7>< :>$9
A74D OD??BD
5( Y[ R> 0<' @@L>@L7R( L($><04ULR7>< :>$9M& Y57$5 Y7:: ( '(M$L7(' 7< R57M
M($R7><& UM(M < :R(L<R7X( 7<R(L@L(RR7>< >/ R5( L($><04UL(' $><RL>: :>>@% 5( /U:R[
@L>$(MM <' R5( L($><04ULR7>< :>$9 R>4(R5(L L( $::(' R5( L($><04UL(' @:<R&
Y57$5 7M $><<($R(' R> R5( <>;7<: $><RL>::(LD / R5( L($><04UL(' @:<R (5X(M :79(
R5( <>;7<: @:<R& R5( :>>@ $><M7MR7<4 >/ R5( L($><04UL(' @:<R <' R5( $><RL>::(L
(5X(M :79( R5( <>;7<: $:>M('6:>>@ M[MR(;D 57M 7M RLU( />L < L7RLL[ <>;7<:
$><RL>::(LD
6#(" .+. 4("1'$ .(' 2.1#(' ).(%&
<. W.)FC6:`W]>FC >X >AA`X]W]., $g ]<. ]eF )F`KA., ]C@X ,.K>)]., >C >:O ZOI_O

   
  
       
 
 

 

 
 

 
   

      
       

     

+ .+'2+ .)FC6:`W]>FC KWF$A.B 5FW ]<. ]C@ .fBKA.

<. B>C >B F5 ]<. XgX].B >X ]F X]FW. e].W ]  ).W]>C A.d.A >C ]<. W>:<] ]C@ 5FW XFB.
)FCX`B.WO `W>C: ]<. CFB>CA FK.W]>FC ]<.W. .f>X] ]eF A.d.A )FC]WFAA.WX+ e>]< ]<. X.]=KF>C]X
T1 C, T 1 O <. W>:<] )FC]WFAA.W `X.X ]<. `KK.W dAd.+ e<FX. KFX>]>FC >X :>d.C $g ]<.
>CK`] P O  W.,`C,C] )FC]WFA >CK`] >X KWFd>,., $g ]<. AFe.W dAd. e>]< >CK`] X>:CA P  O C
]<. CFB>CA )X.+ ]<. dAd.  >X )AFX.,O <. W>:<] )FC]WFAA.W <X ]F ]].C`]. ]<. ,>X]`W$C).
( C, ]F <FA, ]<. ]C@ A.d.A ]  :>d.C dA`. T 1 O <. )FC]WFA XK.)>6)]>FCX >C)A`,. ]<.
X]$>A>]g+ ]<. X.]=KF>C] 5FAAFe>C: W.Q`>W.B.C] C, ]<. XK.)>6)]>FC ]<] ]<. )FBBC, X].K
W.XKFCX. X<F`A, CF] <d.  AW:. Fd.WX<FF]O
^^9 ZO `A]=]FA.WC] )FC]WFA F5 )FC]>C`F`X=dW>$A. XgX].BX

FW ]<. W.)FC6:`W]>FC KWF$A.B+ ]<W.. )]`]FW 5`A]X W. )FCX>,.W.,*


 Ad.  >X )AFX., C, $AF)@.,O
 Ad.  >X FK.C C, $AF)@.,O
  A.d.A X.CXFW >X 5`A]gO
C ]<.X. )X.X+ FC. F5 ]<. ]eF )FC]WFA AFFKX ,F.X CF AFC:.W eFW@O <. W.)FC6:`W]>FC ]X@
)FCX>X]X >C 6C,>C:  C.e )FC]WFA X]W`)]`W. $g X.A.)]>C: KKWFKW>]. )]`]FWX+ C.e )FC]WFA
AeX C, C.e X.]=KF>C]X 5FW ]<. )FC]WFA AFFKX X`)< ]<] ]<. )FC]WFA >BX ,.X)W>$., $Fd. W.
W.)<.,O


 

 


     
    

    
 
 

+ .+'1+ AF)@ ,>:WB F5 ]<. W.)FC6:`W]>FC KWF$A.B

$d>F`XAg+ ]<. W.)FC6:`W]>FC ]X@ )CCF] $. XFAd., $g X>BKAg )<C:>C: ]<. KWB.].WX F5
]<. :>d.C )FC]WFAA.WX+ $`]  X]W`)]`WA )<C:. F5 ]<. )FC]WFA )FC6:`W]>FC >X C.).XXWg*
 5 Ad.  >X )AFX., C, $AF)@.,+ ]<. A.d.A )FC]WFAA.W F5 ]<. W>:<] ]C@ <X ]F `X. ]<.
AFe.W dAd.  X )FC]WFA >CK`]O C ]<>X )X.+ ]<. )FC]WFAA.W F5 ]<. A.5] ]C@ )C W.B>C
`C)<C:.,O
 5 Ad.  >X FK.C C, $AF)@.,+ >C ,,>]>FC ]F ]<. )<C:. F5 ]<. A.d.A )FC]WFAA.W F5 ]<. W>:<]
]C@ X $.5FW.+ ]<. X.]=KF>C] F5 ]<. A.d.A )FC]WFAA.W F5 ]<. A.5] ]C@ <X ]F $. X.] ]F  dA`.
e<>)< >X AFe.W ]<.C ]<. KFX>]>FC F5 Ad.  O CF]<.W KFXX>$>A>]g >X ]F `X. ]<. X.]=KF>C] F5
]<. A.d.A )FC]WFAA.W F5 ]<. A.5] ]C@ X )FC]WFA >CK`] F5 ]<. A.d.A )FC]WFAA.W F5 ]<. W>:<] ]C@O
 C )X. F5 ]<. X.CXFW 5`A]+ ]<. B>XX>C: X.CXFW W.,>C: <X ]F $. W.)FCX]W`)]., $g B.CX F5
]<. W.B>C>C: F`]K`] B.X`W.B.C]XO
AA ]<.X. XFA`]>FCX+ e<>)< 5FW ]<>X X>BKA. .fBKA. X..B ]F $. F$d>F`X+ <d. ]F $. 5F`C,
`]FB]>)AAg $g  5`A]=]FA.WC] )FC]WFA A:FW>]<BO 

:6$6? 1/#'@8=*1/ 381-.

(/>L( (Z@:7<7<4 R5( L($><04ULR7>< ;(R5>'& R5( @L>:(; R> ( M>:X(' 7M />L;::[
MRR('D 5( ;>'(: >/ R5( <>;7<: @L>$(MM 7M 47X(< 7< MRR(6M@$( />L;%

9$P%  9$P% ' 6$P% ' $$P% ( 9$4%  92 AODP]B
:$P%  9$P%E AODP?B
5( MR<'L' ;>'(: 7M (ZR(<'(' [ R5( '7MRUL<$( $ ) 8 D
R 7M 7;@>LR<R R5R R5( @L>$(MM ;>'(: 7<$:U'(M :: X7::( 7<@UR <' >UR@UR M746
<:M 7<$:U'7<4 R5>M( R5R L( <>R UM(' [ R5( <>;7<: $><RL>::(LD <:79( 7< R5( RL'76
R7><: '(M74< @L>:(;&  <'  ;[ <>R 5X( /U:: L<9D
ZO7 FC]WFA W.)FC6:`W]>FC 5FW )]`]FW FW X.CXFW 5>A`W.X ^^7

5( <>;7<: @L>$(MM 7M MR7:7M(' [  <>;7<: $><RL>::(L Y7R5 >UR@UR 6$P% <'
7<@URM :$P% <' : ' $P%D 5( L($><04ULR7>< ;(R5>' (Z@:7<(' 5(L( $< ( @@:7('
Y7R5>UR /ULR5(L MMU;@R7><M >< R5( $><RL>::(L& Y57$5 ;[ 5X( < L7RLL[ '[<;6
7$M <' (X(< ( <><:7<(LD >Y(X(L& />L R5( <:[M7M >/ R5( L(MU:R7<4 $><RL>: :>>@ 
:7<(L /(('$9 $><RL>::(L
6! $P%  4 : ! $P% '  : ' $P% AODPTB
7M UM('D
L>$(MM <' $><RL>::(L />L; R5( <>;7<: $><RL>: :>>@ />L 6$P%  6! $P% <' :$P% 
: ! $P%%

9$P%  $ 4  % 9$P% '  : ' $P% ' $$P%( 9$4%  92 AODPSB
:$P%  9$P%E AODP3B
57M $><RL>: :>>@ 7M MMU;(' R> ( MR:( <' R> MR7M/[ R5( @(L/>L;<$( L(EU7L(6
;(<RM $><$(L<7<4 M(R6@>7<R RL$97<4 <' '7MRUL<$( L(8($R7><D

@-= 996 < $M( >/  :>MM >/ M(<M>L 4& R5( 46R5 L>Y >/ R5( ;RL7Z  7M $5<4('
7<R> \(L>M <' R5( <(Y ;RL7Z 7M '(<>R(' [  ' D / R5( 66R5 $RUR>L /7:M& R5( 66R5
$>:U;< >/ R5( ;RL7Z  7M M(R R> \(L> <' R5( L(MU:R7<4 ;RL7Z '(<>R(' [  ' D < R57M
Y[& R5( <U;(L >/ 7<@UR M74<:M& >UR@UR M74<:M <' MRR( XL7:(M 7M <>R $5<4('
7< R5( ;>'(:& R5>U45 M>;( >/ R5(; ;[ 5X( :>MR R5(7L /U<$R7><D R 7M MMU;(' R5R
R5( /U:R[ @L>$(MM 7M MR7:: $><RL>:::( <' >M(LX:(D 57M 7;@:7(M R5R  MR7:7M7<4
$><RL>::(L (Z7MRMD 5( 7<@UR <' >UR@UR >/ R5( /U:R[ @:<R L( '(<>R(' [ 6' >L : ' &
L(M@($R7X(:[D

1/#'@8=*1/ =9,6 5( 7; 7M R> 0<'  L($><04UL(' $><RL>::(L R5R ;9(M R5(
$:>M('6:>>@ M[MR(; MR7M/[ R5( />::>Y7<4 $><'7R7><M& Y57$5& '(@(<'7<4 >< R5( $><6
RL>: RM9& L(/(L R> R5( UR><>;>UM (5X7>UL& L(/(L(<$( RL$97<4 <' '7MRUL<$( L(6
8($R7><%
% =81/' 81/#'@8=*1/ '1-
5( $><RL>::(L M5>U:' ;9( R5( L($><04UL(' $><RL>: :>>@ (5X( 7< (Z$R:[ R5(
M;( Y[ M R5( <>;7<: $><RL>: :>>@& 7D(D R5( L(:R7><
: ' $P%  :$P%
M5>U:' 5>:' />L <[ $$P%& : ' $P% <' 92 D
R Y7:: ( '(;><MRLR(' R5R R57M MRL><4 4>: 7M ><:[ /(M7:( 7< X(L[ M@($7: $M(MD
5(L(/>L(&  Y(9(L 4>: 7M '(0<(' 7< R(L;M >/ R5( '[<;7$: <' R5( MRR7$ (6
5X7>UL >/ R5( L($><04UL(' :>>@D
% , 81/#'@8=*1/ '1-
5( Y(9 4>: $><M7MRM >/  MRR7$ <'  '[<;7$: @LRD ><M7'(L7<4 R5( MRR7$
(5X7>UL& R5( >UR@UR : ' >/ R5( L($><04UL(' :>>@ M5>U:' 5X( R5( M;( X:U( M
/>L R5( <>;7<: M[MR(;D 57M ;(<M R5R />L $><MR<R X:U(M >/ : ' <' $& R5(
L(:R7><
^^[ ZO `A]=]FA.WC] )FC]WFA F5 )FC]>C`F`X=dW>$A. XgX].BX

: ' $P%  :$P% />L P  -


M5>U:' 5>:'D 5( RL<M7(<R (5X7>UL 7M '(R(L;7<(' [ R5( @>:(M <' \(L>M >/
R5( M[MR(; Y57$5 M5>U:' <>R '7//(L M74<70$<R:[ 7< R5( <>;7<: <' R5( L($><046
UL(' $><RL>: :>>@D 57M L(EU7L(;(<R @@:7(M />L R5( UR><>;>UM& R5( '7MRUL<$(&
<' R5( $>;;<' />::>Y7<4 (5X7>UL >/ R5( L($><04UL(' :>>@D ''7R7><: @>:(M
A<' \(L>MB L( ::>Y(' ><:[ 7/ R5([ L( /MR (<>U45 <>R R> '>;7<R( R5( M[MR(;
(5X7>ULD

:6$6> *8=@- 9/918


57M M($R7>< '(M$L7(M  L($><04ULR7>< :>$9 R5R L($><MRLU$RM  ;(MUL(;(<R Y ,
/L>; R5( L(;7<7<4 M(<M>L M74<:M /R(L R5( 46R5 M(<M>L 7M <> :><4(L X7::(D 5(
;7< 7'( 7M R> UM( < >M(LX(L />L R5( /U:R[ M[MR(;& Y57$5 L(@L(M(<RM R5( ;7< @LR
>/ R5( L($><04ULR7>< :>$9 R> ( U7:RD 57M :>$9 7M $::(' C(8>A+ 9-9/8 'U( R> 7RM
/U<$R7>< >/ L(@:$7<4  L>9(< M(<M>LD



  


       





   



  


        
 

 
       


+ .+'+ .)FC6:`W]>FC $g `X>C:  d>W]`A X.CXFW

5( M[MR(; U<'(L $><M7'(LR7>< 7M '(M$L7(' [ R5( MRR(6M@$( ;>'(:


9 ' $P%  9' $P% ' 6' $P% ' $$P% ( 9' $4%  9' 2 AODP1B
: ' $P%   ' 9' $P%( AODPPB
ZO7 FC]WFA W.)FC6:`W]>FC 5FW )]`]FW FW X.CXFW 5>A`W.X ^^Z

Y5(L( R5( M(<M>L /7:UL( 7M L(2($R(' [ R5( ;RL7Z  ' D / R5( $><'7R7>< AODSPB 7M
MR7M0('& R5( $>;@:(R( >UR@UR X($R>L : $< ( L($><MRLU$R(' /L>; : ' <' R5( L($><6
04UL(' $><RL>::(L AODSOB $< ( UM('D 57M <(Y $><RL>: MRLU$RUL( $< ( 7<R(L@L(R('
M $><M7MR7<4 >/  L($><04ULR7>< :>$9
: ! $P%   : ' $P% ' : 
6' $P%  6! $P%
<' R5( <>;7<: $><RL>::(LD 5R 7M& U<'(L R5( $><'7R7>< AODSPB R5( X7LRU: M(<M>L 7M 
MRR7$ L($><04ULR7>< :>$9D
< R5( />::>Y7<4& R5( 4(<(L: $M( 7M $><M7'(L('& Y5(L( R5( $><'7R7>< AODSPB 7M
X7>:R('D 5(<& R5( L($><04ULR7>< :>$9 7<$:U'(M  MRR( >M(LX(L <'  '7L($R
/(('R5L>U45%

#/*=*1/ :6; *8=@- 9/918


/-9(8 >& A+>F 2+-> 3;5<"4 3;5<<45 & C(8>A+ 9-9/8 (9 !- 9 >& 9F9>,
9  $P%   9 $P% '   6! $P% ' : ' $P%( 9 $4%  9 2 AODPOB
6' $P%  6! $P% AODP+B
: ! $P%    9 $P% '  : ' $P% AODP=B
4
D(>& >& 9>> 9 )  - ,>8(9
   4  ' AODO]B
   AODO?B
   4  ' AODOTB
 - -/> ,>8(9 >&> -  8+F &/9-5

5( ;7< @LR >/ R5( X7LRU: M(<M>L 7M R5( MRR( >M(LX(L Y7R5 R5( MRR( X($R>L 9 $P%D
5( $>;@:(R( >UR@UR : ! $P% >/ R5( @:<R $< ( @@L>Z7;R(:[ '(R(L;7<('% : ! $P% 
9 $P%D 57M >M(LXR7>< L(MU:R 7M 7;@L>X(' [ UM7<4 R5( X7::( M(<M>L X:U(M
<' [ >M(LX7<4 ><:[ R5( '7//(L(<$( (RY((< R5( <>;7<: <' R5( /U:R[ >UR@URD <
 4(<(L:7M(' />L;& R57M @@L>$5 7M L(@L(M(<R(' [ ED AODP=B Y5(L( R5( ;RL7Z 
7M  '(M74< @L;(R(LD >L    ><:[ >M(LX(' X:U(M L( UM('D

1- 1" =( 81/#'@8 3-/=6 5( @:<R R>4(R5(L Y7R5 R5( X7LRU: M(<M>L 7M
'(M$L7(' [ EMD AODP1B , AODOTB%
 &  & &
9 ' $P%   9' $P%
 AODOSB
9  $P%  '  4  ' 9 $P%
 &  &
 
' 6! $P% ' $$P%
 
^^2 ZO `A]=]FA.WC] )FC]WFA F5 )FC]>C`F`X=dW>$A. XgX].BX

 &
 % 9' $P%
: ! $P%   '  E AODO3B
9 $P%
 MRR( RL<M/>L;R7>< 7M @(L/>L;(' 7< >L'(L R> 7<RL>'U$( R5( >M(LXR7>< (LL>L
9 $P%  9 $P% 4 9' $P%% EUR7><M AODOSB& AODO3B L( (EU7X:(<R R>
 &  & &
9 ' $P%   9' $P%
 AODO1B
9  $P%   4  ' 9 $P%
 &  &
 
' 6! $P% ' $$P%
 4
 &
 % 9' $P%
: ! $P%    AODOPB
9 $P%
 &  &
9' $4% 9' 2
 E
9 $4% 9  2 4 9' 2

1- 1" =( 81/#'@8 -1136 >L R5( <:[M7M >/ R5( $:>M('6:>>@ (5X7>UL
R5( ;>'(: >/ R5( L($><04UL(' @:<R 7M $>;7<(' Y7R5 R5( :7<(L /(('$9 $><6
RL>::(L AODPTB%
 &  & &
9 ' $P%  4   4   9' $P%
 '
9  $P%   4  ' 9 $P%
 &  &
 
' $$P% ' : ' $P% AODOOB
4 
 &
 % 9' $P%
: ' $P%  '  E AODO+B
9 $P%
5( RL8($R>L[ >/ R57M M[MR(; '(@(<'M >< R5( 7<7R7: MRR(& R5( L(/(L(<$( 7<@UR : '
<' R5( '7MRUL<$( $ A74D OD?1BD M R5( M[MR(; 7M :7<(L& R5( (5X7>UL $< (
<:[M(' M(@LR(:[ />L R5(M( R5L(( (Z$7RR7><MD

@=1/1.1@9 (A*1@86 >L : ' $P%   <' $$P%   R5( M[MR(; AODOOB& AODO+B
M7;@:70(M R>
 &  & &
9 ' $P%  4   4   9' $P%
 AODO=B
9  $P%   4  ' 9 $P%
 &
 % 9' $P%
: ' $P%  '  AOD+]B
9 $P%
 &  &
9' $4% 9' 2
 E
9 $4% 9  2 4 9' 2
ZO7 FC]WFA W.)FC6:`W]>FC 5FW )]`]FW FW X.CXFW 5>A`W.X ^^D


         


 
    



 




   



 
              
+ .+'+ CAgX>X F5 ]<. )AFX.,=AFFK XgX].B e>]< d>W]`A X.CXFW

5( M(@LR7>< @L7<$7@:( >/ MRR( >M(LX(LM @@:7(M% 5( ;RL7Z 7<2U(<$(M R5(
(5X7>UL >/ R5( @L>$(MM MRR( 9' $P% R5L>U45 R5( MU;RL7Z  4   A$><RL>::(L
'(M74<B& Y57:( //($RM R5( (5X7>UL >/ R5( >M(LXR7>< (LL>L 9 R5L>U45 R5( MU6
;RL7Z  ' A>M(LX(L '(M74<BD 5(L( L( $L>MM6$>U@:7<4M 7< ><( '7L($R7>< ><:[ /L>;
9 $P% R> 9' $P%D 5( MRL(<4R5 >/ R5( $L>MM6$>U@:7<4 <' R5( 7<2U(<$( >/ 9 $P% ><
R5( >UR@UR $< ( L('U$(' [  MU7R:( $5>7$( >/ R5( ;RL7Z  D
(18. :62 38=*1/ 38*/*3- "18 =( A*8=@- 9/918
& 9> N / (%-C+A9 / >& 8/-!%A8 +/9'+//2 9F9>, 3;5;.4 3;5H4 /-'
9(9>9 / >& 9> / (%-C+A9 / >& -/,(-+ +/9'+//2 9F9>, 3;5<?4 3;5<$4 -
>& 9> / (%-C+A9 / >& C(8>A+ 9-9/8 3;5<;4
N  N# 4  $ @ N# 4  ' $E

5( MR7:7R[ >/ R5( $:>M('6:>>@ 7M 4UL<R((' 7/ R5( <>;7<: $><RL>: :>>@ 7M MR6
:( A'(@(<'7<4 >< B <' 7/ R5( >M(LX(L 7M MR:( A'(@(<'7<4 >< BD 5( M($><'
$><'7R7>< $< ( MR7M0(' [ < @@L>@L7R( $5>7$( >/ ($UM( R5( @7L A& ' B 7M
MMU;(' R> ( >M(LX:(D 5( (EU7:7L7U; MRR( 7M \(L> />L >R5 R5( /U:R[ <' R5(
<>;7<: M[MR(;D
^9i ZO `A]=]FA.WC] )FC]WFA F5 )FC]>C`F`X=dW>$A. XgX].BX

8,*/' (A*1@86 >L 9' 2  9 2   <' $  & R5( M[MR(; AODOOB& AODO+B
M7;@:70(M R>
9 ' $P%  $ 4  % 9' $P% '  : ' $P%( 9' $4%  
: ' $P%   ' 9' $P%(

Y57$5 7M 7'(<R7$: R> R5( (5X7>UL >/ R5( <>;7<: $:>M('6:>>@ M[MR(; AODPSB& AODP3BD
(<$(& R5( L(/(L(<$( RL$97<4 (5X7>UL >/ R5( L($><04UL(' $><RL>: :>>@ 7M 7'(<R7$:
R> R5R >/ R5( <>;7<: $><RL>: :>>@D

*9=@8/ (A*1@86 >L R5( '7MRUL<$( (5X7>UL 7R 7M MMU;(' R5R R5( 7<76
R7: MRR( <' R5( L(/(L(<$( 7<@UR L( \(L>D 57M :('M R> R5( />::>Y7<4 $:>M('6:>>@
M[MR(;%
 &  & &
9 ' $P%  4   4   9' $P%

9  $P%   4  ' 9 $P%
 &

' $$P%
4
 &
 % 9' $P%
: ' $P%  ' 
9 $P%
 &  &
9' $4% 
 E
9 $4% 
R 7M >X7>UM R5R R5( >UR@UR : ' 7M '7//(L(<R /L>; R5( >UR@UR : >/ R5( <>;7<: $><6
RL>: :>>@D 5( '[<;7$: '7MRUL<$( (5X7>UL 7M ;U$5 ;>L( $>;@:(Z ($UM( R5(
<U;(L >/ MRR(M >/ R5( L($><04UL(' @L>$(MM 7M 1? 7<MR(' >/ ? />L R5( <>;7<: @L>6
$(MMD 5( @>:(M >/ R5( '7MRUL<$( L(8($R7>< (5X7>UL '(@(<' >< <' & Y57:(
R5( \(L>M L( //($R(' [  D
5(M( L(MU:RM L( MU;;L7M(' 7< R5( />::>Y7<4 R5(>L(;D

(18. :6? 4*8=@- 9/9185


/8 9-9/8 A+>9 >& C(8>A+ 9-9/8 3;5<;4  3;5<.4 9/+C9 >& 8/-!%A8>(/-
28/+, 9A& >&> >& D* %/+ (9 8& 28/C( >&> >& A+>F 28/99 (9
/98C+5 & 9>8/-% %/+ (9 8& /8 >& 8 8- >8*(-% &C(/A85

5( <:[M7M 5M M5>Y< 5>Y R5( X7LRU: M(<M>L Y>L9MD 5( '7L($R /(('R5L>U45 
L($><MRLU$RM >L R :(MR @@L>Z7;R(M R5( >UR@UR : ! >/ R5( /U:R:(MM @:<R /L>; R5(
L(;7<7<4 >UR@UR : ' D / R5( $><'7R7>< AODSPB 7M MR7M0(' <'  7M $5>M(< $$>L'7<4
R> ED AODS+B& R5( X7LRU: M(<M>L M5L7<9M R>  MRR7$ L($><04ULR7>< :>$9

  %
: ! $P%   '  '  ' : ' $P%
ZO7 FC]WFA W.)FC6:`W]>FC 5FW )]`]FW FW X.CXFW 5>A`W.X ^9I

6' $P%  6! $P%(


($UM(     L(MU:RMD 57M M>:UR7>< R> R5( L($><04ULR7>< @L>:(; $>7<$7'(M
Y7R5 R5( M>:UR7>< >R7<(' [ R5( ;>'(:6;R$57<4 @@L>$5D 5( MRL><4 L($><04U6
LR7>< 4>: 7M MR7M0('D
/ R5( $><'7R7>< AODSPB 7M <>R MR7M0('& R5( X7LRU: M(<M>L L($><MRLU$RM R5( ;7MM7<4
M(<M>L 7</>L;R7><D RM MRR( 9 $P% @@L>Z7;R(M R5( @:<R MRR( 9' $P%D 5( MRL><4
L($><04ULR7>< 4>: 7M MR7M0(' ><:[ />L R5( L(/(L(<$( RL$97<4 (5X7>ULD 5( '7M6
RUL<$( (5X7>UL >/ R5( L($><04UL(' $:>M('6:>>@ M[MR(; 7M R[@7$::[ M:>Y(L $>;6
@L(' Y7R5 R5( <>;7<: (5X7>ULD 5( M;::(L R5( MRR( 9 $P% 7< R5( ;>'(: >/ R5(
'7MRUL<$( (5X7>UL 7M& R5( (RR(L @@L>Z7;R(M R5( L($><04UL(' :>>@ R5( <>;7<:
(5X7>ULD

:6$6& *8=@- =@=18


57M M($R7>< '(X(:>@M  M>:UR7>< R> R5( L($><04ULR7>< @L>:(; />L $RUR>L /7:UL(MD
5( <>R7>< >/  X7LRU: $RUR>L 7M 7<RL>'U$(' M R5( 'U: M[MR(; R> R5( X7LRU: M(<M>LD


 


        

 




 
  

  

            
 

          


+ .+'/+ .)FC6:`W]>FC $g B.CX F5  d>W]`A )]`]FW

5( M[MR(; U<'(L $><M7'(LR7>< 7M '(M$L7(' [


9 ' $P%  9' $P% '  ' 6' $P% ' $$P%( 9' $4%  9' 2 AOD+?B
: ' $P%  9' $P%( AOD+TB
^9_ ZO `A]=]FA.WC] )FC]WFA F5 )FC]>C`F`X=dW>$A. XgX].BX

Y5(L( \(L> $>:U;<M 7< R5( ;RL7Z  ' L(2($R R5( /7:7<4 $RUR>LMD / R5( $><'76
R7>< AOD3?B 7M MR7M0('& R5( MRR7$ L($><04ULR7>< :>$9
6' $P%   6! $P%
: ! $P%  : ' $P%
$< ( UM('D < R5( />::>Y7<4& R5( ;>L( 4(<(L: $M( 7M 7<X(MR74R('& Y5(L( R57M
$><'7R7>< 7M <>R MR7M0('D
> (Z@:7< R5( MRLU$RUL( >/ R5( X7LRU: $RUR>L& R5( 'U: M[MR(; >/ R5( L($><04UL('
$><RL>: :>>@ />L M(<M>L /U:RM M5>Y< 7< 74D OD?3 7M $><MRLU$R('D 5( L(MU:R 7M M5>Y<
7< 74D OD?PD

#/*=*1/ :6: *8=@- =@=18


/-9(8 >& A+>F 2+-> 3;514 3;5@45 & C(8>A+ >A>/8 (9 !- 9 >&
9F9>,
9  $P%   9 $P% '   6! $P%( 9 $4%  92 AOD+SB
6' $P%    9 $P% '   6! $P% AOD+3B
: ! $P%  9 $P% ' : ' $P% AOD+1B
D(>& >& 9>> 9 ) 4 - ,>8(9
   4 '  AOD+PB
   4 '  AOD+OB
   AOD++B
  E AOD+=B
 -  -/> ,>8(9 >&> -  8+F &/9-5

/-D9*9 1" =( 81/#'@8 3-/=6 5( @:<R R>4(R5(L Y7R5 R5( X7LRU: $RUR>L
:('M R> R5( />::>Y7<4 ;>'(: >/ R5( L($><04UL(' @:<R%
 &  & &
9 ' $P%  '  9' $P%
 AOD=]B
9  $P%   4 '  9 $P%
 &  &
'  
' 6! $P% ' $$P%
 4 '  
 &
 % 9' $P%
: ! $P%    E AOD=?B
9 $P%
$P%  9' $P% ' 9 $P% :('M R> R5( />::>Y7<4
5( 7<RL>'U$R7>< >/ R5( <(Y MRR( 9
(EU7X:(<R ;>'(:%
ZO7 FC]WFA W.)FC6:`W]>FC 5FW )]`]FW FW X.CXFW 5>A`W.X ^9^

 &  & &


) $P%
9   9 $P%

)P 9 $P% 
 4 '  9 $P%
 &  &
 
' 6! $P% ' $$P%
 4 '  
 &
 % $P%
9
: ! $P%   
9 $P%
 &  &
$4%
9 92 ' 92
 E
9 $4% 92
>R( R5R R5( MRR( 9 >/ R5( M($><' MUM[MR(; 7M <>R >M(LX:( [ : ! D (<$(&
R57M MRR( '>(M <>R 7<2U(<$( R5( 7<@UR6>UR@UR (5X7>UL >/ R5( L($><04UL(' @:<R&
Y5>M( ;>'(: $< ( L('U$(' R>

9$P%  9$P% ' 6! $P%( 9$4%  92 ' 92
: ! $P%  9$P%E
57M ;>'(: 7M 7'(<R7$: R> R5( <>;7<: @:<R @L>X7'(' R5R 92   5>:'MD
(18. :6> & 8/-!%A8 2+-> 3;514 3;5.4 &9 >& 9, (-2A>'/A>2A> '
&C(/A8 9 >& -/,(-+ 2+-> 3;5<?4 3;5<$4 /8 8(>88F 28,>8 ,>8(9 
-  / >& C(8>A+ >A>/85
(<$(& R5( X7LRU: $RUR>L [7(:'M  L($><04UL(' @:<R R5R MR7M0(M R5( /U:R657'7<4
4>: />L L7RLL[ ;RL7$(M  <'  D

38=*1/ 38*/*3- "18 =( A*8=@- =@=186 5( L($><04UL(' $:>M('6:>>@ M[M6
R(; $><M7MRM >/ R5( L($><04UL(' @:<R <' R5( $><RL>::(L AODPTB& >R5 >/ Y57$5 L(
$><M7'(L(' />L X<7M57<4 '7MRUL<$( $ <' $>;;<' 7<@UR : ' D / R5( RL<M/>L;('
;>'(: 7M UM('& R5( L($><04UL(' $:>M('6:>>@ M[MR(; 7M '(M$L7(' [
 &  & &
) $P%
9  4    $P%
9

)P 9 $P% 4    4 '  9 $P%
 &  &
$4%
9 92 ' 92
 E
9 $4% 92
M R5( M[MR(; ;RL7Z 7M  :>$9 '74><: ;RL7Z& R5( />::>Y7<4 L(MU:R 7M >R7<('%
(18. :6& 38=*1/ 38*/*3- "18 =( A*8=@- =@=18
& 9> N / (%-C+A9 / >& 8/-!%A8 +/9'+//2 9F9>, 3;5<@4 3;514
3;5.4 /-9(9>9 / >& 9> / (%-C+A9 / >& -/,(-+ +/9'+//2 9F9>, 3;5<@4
3;5<$4 - >& 9> / (%-C+A9 / >& C(8>A+ >A>/8 3;5?4
N  N# 4  $ @ N# 4  '  $E
^99 ZO `A]=]FA.WC] )FC]WFA F5 )FC]>C`F`X=dW>$A. XgX].BX

57M R5(>L(; 5>:'M RLU( />L L7RLL[ ;RL7$(M  <'  >/ R5( X7LRU: $RUR>LD
:(L:[&  $>L>::L[ >/ R57M R5(>L(; 7M R5R R5( ;RL7Z  5M R> ( $5>M(< M> R5R R5(
;RL7Z  4  '  5M (74(<X:U(M Y7R5 <(4R7X( L(: @LRM 7< >L'(L R> (<MUL( R5(
MR7:7R[ >/ R5( L($><04UL(' $:>M('6:>>@ M[MR(;D
181--8D :62 & 9>(+(>F / >& 8/-!%A8 +/9'+//2 9F9>, -  -9A8
F 228/28(>+F &//9(-% >& ,>8(E  / >& C(8>A+ >A>/8 ( - /-+F ( >&
2(8 $(  ' % (9 9>(+(9+5

57M $>L>::L[ M5>YM R5R R5( MR7:7MR7>< 4>: $< ( MR7M0(' [ UM7<4 R5( 4(<(L6
:7M(' X7LRU: $RUR>L M :><4 M R5( /U:RM @:<R 7M MR7:7M:(D

      





  

  






   


 


               
+ .+'.+ WCX5FWB., )AFX.,=AFFK XgX].B X<Fe>C: ]<. X.KW]>FC
KW>C)>KA.

<)(A*1@8 1" =( 81/#'@8 -19)-113 9D9=.6 5( />::>Y7<4 7<X(MR76


4R(M R5( 7<@UR6>UR@UR (5X7>UL >/ R5( L($><04UL(' $:>M('6:>>@ M[MR(; <' '(L7X(M
4U7'(:7<(M />L $5>>M7<4 R5( @L;(R(L ;RL7$(M  <'  >/ R5( X7LRU: $RUR>LD
/ R5( ;>'(:M >/ R5( /U:R[ @:<R AOD+?B& AOD+TB 7M $>;7<(' Y7R5 R5( X7LRU: $RUR>L
AOD+SB , AOD+1B <' R5( $><RL>::(L AODPTB& R5( />::>Y7<4 ;>'(: 7M >R7<(' /R(L R5(
5M ((< 7<RL>'U$(' M (/>L(%
MRR( 9
ZO7 FC]WFA W.)FC6:`W]>FC 5FW )]`]FW FW X.CXFW 5>A`W.X ^97

 &  & &


) $P%
9  4    9$P%
 AOD=TB
)P 9 $P% 4    4 '  9 $P%
 &  &
 
' : ' $P% ' $$P%
 
 &  &
$4%
9 92 ' 92

9 $4% 92
 &
$P%
9
: ! $P%  $ % AOD=SB
9 $P%
 &
$P%
9
: ' $P%  $ 4 % E AOD=3B
9 $P%
5( :>$9 '74L; R5R 7::UMRLR(M R57M ;>'(: 7M M5>Y< 7< 74D OD?OD 5( :>Y(L :>$9
L(@L(M(<RM R5( <>;7<: $:>M('6:>>@ M[MR(;D 5( $><RL>: (LL>L %   : ' 4 : ! 7M /('
7<R> R5( H'7//(L(<$( M[MR(;I
9  $P%  $ 4  '  %9 $P% '   %$P%( 9 $4%  92 AOD=1B
:  $P%  9 $P%( AOD=PB
Y5>M( <;( L(MU:RM /L>; 7RM >UR@UR :  & Y57$5 7M R5( '7//(L(<$( (RY((< R5( >UR@UR
: ! >/ R5( <>;7<: $:>M('6:>>@ M[MR(; <' R5( >UR@UR : ' >/ R5( L($><04UL(' $:>M('6
:>>@ M[MR(;D (<$(& :  M5>YM 5>Y R5( L($><04UL(' $:>M('6:>>@ M[MR(; '7//(LM
/L>; R5( <>;7<: :>>@D
57M ;>'(: [7(:'M RY> $>L>::L7(M%
% 5( 7<@UR6>UR@UR (5X7>UL Y7R5 L(M@($R R> R5( '7MRUL<$( 7<@UR $ >L R5( $>;6
;<' 7<@UR : ' & L(M@($R7X(:[& <' R> R5( >UR@UR : ! 7M 7'(<R7$: R> R5( $>LL(M@><'6
7<4 7<@UR6>UR@UR (5X7>UL >/ R5( <>;7<: $:>M('6:>>@ M[MR(;D
% 5( 7<@UR6>UR@UR (5X7>UL Y7R5 L(M@($R R> R5( '7MRUL<$( 7<@UR $ >L R5( $>;6
;<' 7<@UR : ' & L(M@($R7X(:[& <' R> R5( >UR@UR : ' '7//(LM /L>; R5R >/ R5( <>;76
<: $:>M('6:>>@ M[MR(; 'U( R> R5( 7<2U(<$( >/ R5( '7//(L(<$( M[MR(; AOD=1B& AOD=PBD
> MU;;L7M( R5(M( L(MU:RM& R5( X7LRU: $RUR>L @L(M(<RM  MU$$(MM/U: L($><04U6
LR7>< 7< $M( >/ $RUR>L /7:UL(MD R $L(R(M  MR:( $><RL>: :>>@ Y7R5 ? @:$(:(
''7R7><: @>:(MD >Y(X(L& 7R '>(M <>R L(MR>L( R5( >L747<: (EU7:7L7U; U<:(MM R5(
(EU7:7L7U; 7M \(L>D

(18. :6$ 4*8=@- =@=185


/8 >A>/8 (+A89 >& C(8>A+ >A>/8 3;5?4  3;5.4 (9  9/+A>(/- >/ >& 8'
/-!%A8>(/- 28/+, 9A& >&> >& D* %/+ (9 8& 28/C( >&> >& A+>F
28/99 (9 /->8/+++5
^9[ ZO `A]=]FA.WC] )FC]WFA F5 )FC]>C`F`X=dW>$A. XgX].BX

57M />::>Y7<4 $><$(L<M R5( EU(MR7>< 5>Y R> $5>>M( R5( ;RL7$(M  <'  >/
R5( X7LRU: $RUR>L 7< >L'(L R> 4(R  M;:: '7//(L(<$( :  (Y((< R5( (5X7>UL >/
R5( <>;7<: <' R5( L($><04UL(' $:>M('6:>>@ M[MR(;D

1.3-= 81/#'@8=*1/6 M 74D OD?O <' EMD AOD=1B& AOD=PB M5>Y&  $>;@:(R(
L($><04ULR7>< 7M @>MM7:( 7/ R5( ;RL7Z  $< ( $5>M(< MU$5 R5R R5( ;RL7Z  
X<7M5(MD
181--8D :6? >& ,>8(E  -  &/9- 9A& >&>
   4 '    AOD=OB
&/+9 >& (-2A>'/A>2A> &C(/A8 / >& 8/-!%A8 +/9'+//2 9F9>, (9 (->(+
>/ >&> / >& -/,(-+ /->8/+ +//2 /8 />& >& (9>A8- (-2A> $ - >& /,,-
(-2A> : ' 5 A8>&8,/8 (
9 $4%   AOD=+B
&/+9 >& 8/-!%A8 +//2 &9 >& 9, 8 ,/>(/- 9 >& -/,(-+ +//25
5( $><'7R7>< AOD=OB $< ( MR7M0(' />L < L7RLL[ $><RL>::(L AODPTB 7/ <' ><:[ 7/
R5( L(:R7>< AOD3?B 5>:'MD 5(< R5( X7LRU: $RUR>L AOD+SB& AOD+1B L('U$(M R> R5( MRR7$
L($><04ULR7>< :>$9
 
6' $P%  $ '  ' %  ' 6! $P% AOD==B
: ! $P%  : ' $P%( AOD?]]B
Y57$5 7M 7'(<R7$: R> R5( L($><04ULR7>< M>:UR7>< '(M$L7(' 7< ($R7>< OD3D3D
/ R5( $><'7R7>< AOD3?B 7M X7>:R('& R57M MRR7$ L($><04ULR7>< :>$9 '>(M <>R M>:X(
R5( L($><04ULR7>< @L>:(;&   6  5>:'M <' R5( '[<;7$: @LR >/ R5( X7LRU:
$RUR>L ($>;(M $R7X(D

9*'/ 1" =( A*8=@- =@=18 D *9=@8/ 1@3-*/' .=(196 / R5( RL<M6
/(L /U<$R7>< ;RL7Z >/ R5( '7//(L(<$( M[MR(; X<7M5(M
$M%  $M
4  '  '  % $ 4  '  %  ( AOD?]?B
R5( L($><04ULR7>< 7M $>;@:(R( M Y(::D 5(< R5( '7//(L(<$( ;>'(: AOD=1B& AOD=PB&
Y57$5 $< ( (EU7X:(<R:[ YL7RR(< M
9  $P%  9 $P% ' 6! $P% '  ' 6' $P%( 9 $4%  92 AOD?]TB
6 $P%   9 $P% '  6! $P% ' 06$P% AOD?]SB
5M  X<7M57<4 >UR@URD > M(:($R R5( ;RL7$(M  <'  MU$5 R5R R5( $><'76
R7>< AOD?]?B 5>:'M 7M  '7MRUL<$( '($>U@:7<4 @L>:(; />L 9<>Y< '7MRUL<$( 6 ! D R
5M ((< M5>Y< 7< "T3]# R5R R5( M>:UR7>< R> R57M @L>:(; [7(:'M  $>;@:(R( L($><6
04ULR7><D 57M M>:UR7>< (Z7MR& 5>Y(X(L& ><:[ U<'(L L(MRL7$R7X( $><'7R7><MD

9=18=*1/ 1" =( 9==* (A*1@86 5( MRR7$ (5X7>UL 7M $>;@:(R(:[ L($><6
MRLU$R(' 7/ R5( 47< >/ R5( '7//(L(<$( M[MR(; X<7M5(M%
ZO7 FC]WFA W.)FC6:`W]>FC 5FW )]`]FW FW X.CXFW 5>A`W.X ^9Z

$4%  4$ 4  '  % $ 4  '  %   AOD?]3B

3381C*.= 91-@=*1/6 5( 4(<(L:7M(' X7LRU: $RUR>L 5M R5( @L>@(LR[ R5R R5(
(//($R >/ R5( X7LRU: $RUR>L H'7M@@(LMI 7/ R5( ;RL7Z   $< ( ;'( X(L[ M;::
[ $5>>M7<4 R5( ;RL7Z  @@L>@L7R(:[D
181--8D :6> /8 "  "  4 >& &C(/A8 / >& 8/-!%A8 +/9'+//2 9F9'
>, 228/&9 >&> / >& -/,(-+ +//2
": ! $P% 4 : ' $P%"  4E
(<$(& 7/ "  " 7M MU/0$7(<R:[ M;:: 7R 7M L(M><:( R> UM( R5( MRR7$ L($><04ULR7><
:>$9 ><:[D

6#(" .+ (' 2.1#(' ( 1! 14("1'$ /6/1&


F >AA`X]W]. ]<. W.)FC6:`W]>FC $g B.CX F5 ]<. d>W]`A )]`]FW+ ]<. KWF$A.B KFX., >C fB=
KA. ZOZ >X )FCX>,.W.,O <. ]C@ XgX].B >X ,.X)W>$., $g ]<. CFCA>C.W X]].=XK). BF,.A
';
1  L!  ,4
S1 L! , 4 1 L! , P L!!!

'; / '; /
, -. 1 L! , 19 !P L! , -.1 L!P L!
 
S 1 L!  1 L! , P L!
 / / / %

1 L!   -. 1 L! , 19 !P L! #  -.1 L!P L! ,  -.1 L!( L!

T L!  1 L!
]<] >C)A`,.X ]<. )FC]WFAA.W F5 ]<. A.5] ]C@+ e<>)< >X   )FC]WFAA.W
S 1 L!  1 L! , P L!
, L!
P  ,4
S1 L! , 4 1 L! , P L!!A
<>X BF,.A `X.X ]<. 5FAAFe>C: KWB.].WX*
gB$FA <gX>)A B.C>C:
 +  WFXX X.)]>FC W.X F5 ]<. ]eF ]C@X
'; f>B`B 8Fe ]<WF`:< ]<. K`BK
19 .>:<] F5 ]<. `KK.W K>K. $Fd. ]<. ]C@ $F]]FB
 FCX]C] F5 ]<. dAd.X
. :Wd>]g )FCX]C]
4
+ 4  FC]WFAA.W KWB.].WX
  + 1 + P
5].W ]<. A>C.W>X]>FC F5 ]<. BF,.A WF`C, ]<. FK.W]>FC KF>C] ,.X)W>$., $g 1  + P +
P + ]<. 5FAAFe>C: BF,.A LZO[iM+ LZO[IM e>]<
$ +
,0A0( ,0A000 0
  " A0000 0 0 )
0A00 0 ,0A00
$ +
0A00) ,0A00 ,0A00-
  " ,A0000 0 0 )
0 0A00) 0A00(+
^92 ZO `A]=]FA.WC] )FC]WFA F5 )FC]>C`F`X=dW>$A. XgX].BX

  0 0 !
$ +
0
  " 0 )
,0A0
>X F$]>C.,O X >X XX`B., ]<] ]<. `KK.W dAd. 5>AX C, >X+ ]<.W.5FW.+ )FBKA.].Ag )AFX., C,
CF AFC:.W `X., X )]`]FW F5 ]<. W>:<] A.d.A )FC]WFAA.WO <.C ]<. X.)FC, )FA`BC >C ]<. B]W>f
 <X ]F $. X.] ]F h.WF ]F F$]>C ]<. B]W>f  *
$ +
0A00) 0 ,0A00-
  " ,A0000 0 0 )A
0 0 0A00(+

 
    

 

 
 
           

+ .+'+ ]]>) W.)FC6:`W]>FC F5 ]<. ]C@ XgX].B

00 ,&$3,0&$+  )FBKA.]. W.)FC6:`W]>FC F5 ]<. )FC]WFAA.W >X KFXX>$A.+ $.)`X.


]<. )FC,>]>FC LZO9IM >X X]>X6., ,`. ]F ]<. AFe.W dAd.+ e<>)< W.KW.X.C]X  W.,`C,C] )FC]WFA
>CK`] e>]< X>B>AW .55.)]X FC ]<. ]C@ XgX].B X ]<. `KK.W dAd.O C 5)]+ ]<. AX] )FA`BC F5 
>X A>C.WAg ,.K.C,.C] `KFC ]<. X.)FC, )FA`BC*
$ + $ +
,0A00- ,0A00
0A)+- " 0 )" 0 )A
0A00(+ 0A00)
.C).+ ]<. W.)FC6:`W]>FC >X KFXX>$A. e>]<  X]]>) W.)FC6:`W]>FC $AF)@ LZODDM
$ +
0 0 ,-A(0+
P L!  " 0 0 0A)+- ) P L!
0 0 
L)5O >:O ZOI2MO
>:`W. ZOID X<FeX ]<. W.5.W.C). ]W)@>C: $.<d>F`W F5 ]<. W>:<] ]C@ 5FW )<C:>C: A.d.A
X.]=KF>C]O <. W>:<] ]C@ <X ]<. XB. $.<d>F`W e>]< ]<. W.)FC6:`W., )FC]WFAA.W X >C ]<.
CFB>CA )X.O C ]<. AFe.W X`$KAF] ]<. )FC]WFA >CK`] P `X., $g ]<. W.)FC6:`W., )FC]WFAA.W
>X )FBKW., ]F ]<. >CK`] P F5 ]<. CFB>CA )FC]WFAA.W+ e<>)< >X X<FeC $g ]<. ,X<., A>C.XO
A.Wg+ ]<. C.e >CK`] <X ]F $. XBAA.W ]<C ]<. CFB>CA FC.+ $.)`X. ]<. AFe.W dAd. $.]e..C
]<. ]C@X <X  <>:<.W .55.)]>d.C.XX ]<C ]<. `KK.W FC.+ e<>)< )C $. X..C $g )FBKW>C: ]<.
)FWW.XKFC,>C: )FA`BCX >C ]<. B]W>f O

&$3,0&$ 7 #$- & 0 4,03" 030&,+ 5 ]<. AFe.W dAd. >X CF] d>A$A. 5FW
]<. W.)FC6:`W]>FC+ ]<. W>:<] )FC]WFAA.W <X FCAg ]<. >CK`] P + e<>)< >X ]<. )FBBC, X>:CA
ZO7 FC]WFA W.)FC6:`W]>FC 5FW )]`]FW FW X.CXFW 5>A`W.X ^9D

ç²{

…Ö͈™Í“
ç²Ñ
ç²Ö
ç²¥
ç

¥
ØÖ]ÍØÑ

ç²x

ç
ç Öçç {çç Ëçç nçç
/ˆ“i͈™ÍÅiV
+ .+'%+ .<d>F`W F5 ]<. W.)FC6:`W., )AFX.,=AFFK XgX].B e<.W. ]<.
W.)FC6:`W., )FC]WFAA.W `X.X ]<. >CK`] P

       
               

  


 

 


 
     
     
       

+ .+29+ .)FC6:`W., XgX].B e>]< d>W]`A )]`]FW

ç²{
…Ö͈™Í“

ç²Ñ
ç²Ö
ç²¥
ç
ç Öçç {çç Ëçç nçç
/ˆ“i͈™ÍÅiV
¥
Ø¥

ç²x

ç
ç Öçç {çç Ëçç nçç
/ˆ“i͈™ÍÅiV
+ .+2'+ .<d>F`W F5 ]<. W.)FC6:`W., )AFX.,=AFFK XgX].B e<.W. ]<.
W.)FC6:`W., )FC]WFAA.W `X.X ]<. >CK`] P
^7i ZO `A]=]FA.WC] )FC]WFA F5 )FC]>C`F`X=dW>$A. XgX].BX

F5 ]<. A.5] )FC]WFAA.W+ X >]X ,>XKFXAO >]< ]<. ]<>W, )FA`BCX ,.A.].,+ ]<. B]W>).X  C, 
,F CF AFC:.W X]>X5g ]<. )FC,>]>FC LZO9IMO .C).+  ,gCB>)A W.)FC6:`W]>FC $AF)@ <X ]F $.
`X.,O <. B]W>f F5 ]<. d>W]`A )]`]FW >X )<FX.C ))FW,>C: ]F QO LZO9^M*
$ +
 ,0A000- A0A000
 "0 0 0 )A
0 0 0
<. CFB>CA )AFX.,=AFFK XgX].B <X ]<. .>:.CdA`.X ,0A0-(+ ,0A0- 0 0A002O <.W.=
5FW.+ ]<. B]W>f F5 ]<. d>W]`A )]`]FW >X )<FX.C XF X ]F KA). ]<. .>:.CdA`.X F5 ]<.
B]W>f  ,  ]F ]<. A.5] F5 ]<.X. .>:.CdA`.X+ CB.Ag ] ,0A0+ ,0A0) C, ,0A0(O X
X<F`A, `X. FCAg ]<. 6WX] >CK`]+ >]X CFCh.WF .A.B.C]X W. W.X]W>)]., ]F ]<. 6WX] WFe*
$ +
,0A) ,0A00 ,0A000-
" 0 0 0 )A
0 0 0
C X`BBWg+ ]<. d>W]`A )]`]FW LZO2^M+ LZO29M W.X`A]X*
$ +
,0A00( ,0A000- 0
/  L!  " 0A00+- ,0A00 ,0A000- ) / L! #
0A00 0 ,0A00
$ +
0 ,0A00 ,0A00
# "0 ,0A000- ,0A000 ) P  L!
0 0A00) 0A00(+
P L!  ,0A) , 0A00 , 0A000-!/  L! #
#  , 0A000- 0A000!0  L!'
e<.W. P  L! >X ]<. )FC]WFA >CK`] :.C.W]., $g ]<. CFB>CA A.d.A )FC]WFAA.W F5 ]<. W>:<] ]C@O
<>X X>:CA >X `X., CFe X C >CK`] F5 ]<. d>W]`A )]`]FW L)5O >:O ZO_iMO
>:`W. ZO_I X<FeX ]<. ,>X]`W$C). $.<d>F`W F5 ]<. ]C@ XgX].B 5].W ]<. )FC]WFAA.W <X
$..C .f].C,., $g  d>W]`A )]`]FW ]<] `X.X ]<. >CK`] P O <. W.XKFCX. >X XAFe.W ]<C ]<.
CFB>CA W.XKFCX.+ e<>)< >X ,WeC $g ,X<., A>C.X ]F B@.  )FBKW>XFC KFXX>$A.O <. XAFe.W
W.XKFCX. W.X`A]X 5WFB ]<. 5)] ]<] ]<. )FC]WFAA.W F5 ]<. W>:<] ]C@ `X.X CFe ]<. )FBBC, >CK`]
F5 ]<. )FC]WFAA.W F5 ]<. A.5] ]C@ X )FC]WFA >CK`]O 

:6$6$ @-*=D =B/ A*8=@- 9/9189 / A*8=@- =@=189

5( $>;@L7M>< >/ R5( L($><04ULR7>< :>$9M '(X(:>@(' 7< R5( @L($('7<4 M($R7><M
$:(L:[ M5>YM R5( 'U:7R[ >/ R5( @@L>$5(M />L M(<M>L <' $RUR>L /7:UL(MD 5(
XL7:(M $>LL(M@><' R> ($5 >R5(L 7< R5( />::>Y7<4 Y[%

- :6? U:7R[ >/ R5( M[MR(; XL7:(M


*8=@- 9/918    
9 6 :
     
*8=@- =@=18      0
9 : 6
ZO[ `A]=]FA.WC]  ,.X>:C ^7I

>R( R5R R5( 'U:7R[ 7<X>:X(M ;>L( R5< 8UMR MY@@7<4 7<@UR <' >UR@UR <' RL<M6
@>M7<4 R5( ;RL7$(MD R L(EU7L(M R5R R5( '7L($R7><M >/ R5( M74<:M ( L(X(LM('D U;;6
R7>< @>7<RM ($>;( M74<: 9<>RM <' X7$( X(LMD 5( '74L;M :M> L(EU7L( ;7LL>L7<4
R> @L(M(LX( R5( $:>$9Y7M( M74<: '7L($R7>< >/ R5( $><RL>: :>>@D
 M5>LR ;R5(;R7$: '(;><MRLR7>< >/ R5( 'U:7R[ 7M 47X(< 5(L(D / R5( M[MR(;
AODOSB 7M RL<M@>M('& R5( 7<@UR <' >UR@UR ;RL7$(M L( (Z$5<4('& <' :: M[MR(;
;RL7$(M L( RL<M@>M('& R5( />::>Y7<4 ;>'(: L(MU:RM%
 &  & &
9 ' $P%   '  9' $P%


9$P%   4  '  9 $P%
 &
 '  
' 6' $P%
  4  '  
 &
 % 9' $P%
: ! $P%    E
9 $P%
@LR /L>; R5( '7//(L(<R XL7:( <;(M $$>L'7<4 R> :( ODT& R5( L(MU:R 7M 7'(<R7$:
R> AOD=]B , AOD=?BD 5( 'U:7R[ 5>:'M />L ;>MR @L>@(LR7(M& UR <>R />L R5( L(/(L(<$(
RL$97<4D 5( L(M>< 7M R5R : ' <' : '> <>R 5X( M[;;(RL7$ @>M7R7><M 7< R5( M[M6
R(;D

/+0 4$1 1($-&1  .!&


57M M($R7>< 7<RL>'U$(M /U:R6R>:(L<R $><RL>: MRLR(47(M R5R $< ( @@:7(' 7<  4(<6
(L: /U:R $M(D R MRLRM Y7R5  $5L$R(L7MR7>< >/ :: $><RL>::(LM R5R MR7:7M(  :7<(L
M[MR(; <' ;[( :M> MR7M0(' <>L;M $><'7R7>< :79( (D4D . >L  <>L; $><6
'7R7><MD 57M $5L$R(L7MR7>< ;9(M 7R @>MM7:( R> (X:UR( R5( M(X(L7R[ >/ R5( /U:R
Y7R5 L(M@($R R> R5( $><RL>: 7;M <' R> 0<' ;(R5>'M />L L(6'(M74< R5( $><RL>::(L
UR>;R7$::[D
5( $>;@:(R( '(M$L7@R7>< >/ :: MR7:7M7<4 $><RL>::(LM 7M 47X(< [ R5( >U:6
U$(L >L 6@L;(RL7MR7><D 5( >U: @L;(RL7MR7>< YM >L747<::[ '(0<(' [
UM7<4 $>6@L7;( /$R>L7MR7><D >Y(X(L& 7R 7M M7;@:( R> 47X( < (EU7X:(<R '(M$L7@R7><
>/ R5( >U:6 U$(L @L;(RL7MR7>< M  MRR(6M@$( />L;U:R7><D < R5( MRR(6M@$(
/>L;U:R7><& R5( @L;(RL7MR7>< RUL<M >UR R> ( < >M(LX(L6M(' $><RL>::(LD
<( >/ R5( /$7:7R7(M [ UM7<4 R57M @L;(RL7MR7>< 7M R5R R5( $:>M('6:>>@ RL<M/(L
/U<$R7>< RUL<M >UR R> ( /0<( 7< R5( $><RL>::(L @L;(R(LMD 57M /0<( MRLU$RUL( 7M
X(L[ UM(/U: 7< $><<($R7>< Y7R5 '(M74< >/ $><RL>::(LM UM7<4 >@R7;7MR7>< ;(R5>'MD
5(L(/>L( R5( ;(R5>' :M> 0RM Y(:: R> M>:X( R5( $><RL>: @L>:(; L7M7<4 Y5(< Y(
Y7M5 R> ;9(  L(6'(M74< />L  $><RL>::(L Y5(<  M[MR(; 7M 7<  /U:R[ MRR(D
5( M:7(<R /(RUL( >//(L(' [ R5( >U:6 U$(L @L;(RL7MR7>< 7M R5R 7R >//(LM
< (:(4<R <' X(L[ /MR M>:UR7>< R> R5( L(6'(M74< @L>:(; />L M>;( $:MM(M >/ /U:RM
R5R :(X( R5( M[MR(; MR:( Y7R5 R5( (Z7MR7<4 $><RL>::(L UR ;9( 7R U<:( R> ;((R
R5( L(EU7L(' @(L/>L;<$(D
^7_ ZO `A]=]FA.WC] )FC]WFA F5 )FC]>C`F`X=dW>$A. XgX].BX

:6;62 D9=. 98*3=*1/

><M7'(L
W  9$P% '  8 '  . 6$P%

;   9$P% '  8 '  . 6$P% AOD?]1B

:   . 9$P% '  . 8 '  .. 6E


>L L(X7R[& 7R 7M $>;;>< R> '(<>R( R57M M[MR(; [ R5( M5>LR(L <>RR7><
$ +
  .
# *
$M%  "   . ) (
 .  .  ..
Y5(L( 9 ) 4 7M R5( MRR(& 6 ) ? & 7M R5( $><RL>: 7<@UR& 8 ) . 7M R5( (ZR(L<: 7<6
@UR >L '7MRUL<$(& ; ) / 7M R5( $><RL>::(' >UR@UR <' : ) 2 7M R5( ;(MUL(;(<R
>UR@URD R 7M MMU;(' R5R $(  . % 7M MR7:7M:( <' $ . ( % 7M '(R($R:(D
(M$L7(' 7< RL<M/(L /U<$R7>< />L;&
 &  & &
9$M%  $M%  . $M% 8$M%

:$M% . $M% .. $M% 6$M%
R5( RL<M/(L /U<$R7>< ;RL7Z $M% 7M '(0<(' [
 &
 $M%  . $M%
$M%  E
. $M% .. $M%
ULR5(L& 7< >L'(L R> :R(L MRU'[ R5( '(M74< >/ '74<>M7M 7< $><8U<$R7>< Y7R5 $:>M('6
:>>@ $><RL>:& :(R R5( M[MR(; '(M$L7(' [ AOD?]1B ( $><RL>::(' [ < >UR@UR /(('$9
$><RL>::(L
6$P%  $M%:E
( 5X( <>Y R5( />::>Y7<4 '(0<7R7>< >/ MR7:7MR7>< [ UM7<4 >UR@UR /(('$9D
#/*=*1/ :6  28/28 9F9>, $M% (9 9( >/  9>(+(9+ >&8/A%& /A>2A> '
* ( >&8 E(9>9  28/28 /->8/++8 $M% (->8-++F 9>(+(9(-% $M%5 /8/C8
 28/28 /->8/++8 $M% (9 9( >/  ,(99(+ ( (> (->8-++F 9>(+(99 $M%5

(ZR& Y( 5X( R5( />::>Y7<4 L(MU:R />L R5( (Z7MR(<$( >/  MR7:7M7<4 $><RL>::(L
$M% />L R5( M[MR(; $M%& Y5(L( 5(L( <' 7< R5( />::>Y7<4
 
 
$M% 
 
7M UM(' M L(X7R7>< >/
$M%   $M
4  %  ' E
ZO[ `A]=]FA.WC]  ,.X>:C ^7^

.. :6& &8 E(9>9  28/28 $M% &(C(-% (->8-+ 9>(+(>F ( - /-+F (
$(  . % (9 9>(+(9+ - $ . ( % (9 >>+5 A8>&8 +>  -  9A&
>&>  '  .  -  '  . 8 9>+ >&- - /98C8'9 9>(+(9(-% /-'
>8/++8 (9 %(C- F
 
 '  .  '  . '  ..  
$M%  E
4 

R 7M 7;@>LR<R R> <>R( R5R R5( MR7:7M7<4 $><RL>::(L />L $M% '(@(<' ><:[ ><
.. $M%D ( <((' R5(L(/>L( ><:[ R> :>>9 R .. $M% Y5(< Y( L( :>>97<4 />L MR7:7M6
7<4 $><RL>::(LMD 57M 7M :M> R5( $M( Y5(< Y( L( UM7<4 R5( >U:6 U$(L @L;(RL76
MR7><D < R5( />::>Y7<4 R5( L4U;(<R M Y7:: >/R(< ( >;7RR('D

:6;6? 1@-) @8 38.=8*9=*1/ */ 138*. "=18*9=*1/ "18.

7LMR& :(R UM $><M7'(L RY> @>:[<>;7:M =$M% <' ?$M% Y7R5 L(: $>(/0$7(<RMD = <' ?
L( M7' R> ( $>@L7;(& 7/ R5(7L 4L(R(MR $>;;>< '7X7M>L 7M " AR5([ 5X( <> $>;;><
\(L>MBD R />::>YM /L>; U$:7'KM :4>L7R5; R5R / <' 0 L( $>@L7;( 7/ <' ><:[ 7/
R5(L( (Z7MR @>:[<>;7:M W$M% <' Y$M% MU$5 R5R
=W ' ?Y  "E AOD?]PB
57M (EUR7>< 7M $::('  (\>UR 7'(<R7R[D 7;7:L:[& R5( RY> MR:( RL<M/(L /U<$R7><M
= <' ? L( M7' R> ( $>@L7;( 7/ R5(L( (Z7MR MR:( W <' Y MU$5 R5R ED AOD?]PB 7M
MR7M0('D
(<(L::[& RY> MR:( ;RL7$(M  <'  L( L745R $>@L7;( 7/ R5([ 5X( (EU:
<U;(L >/ $>:U;<M <' R5(L( (Z7MR MR(: ;RL7$(M  <'  MU$5 R5R
 &

$  %   '   
E

57M 7M (EU7X:(<R R> M[7<4 R5R R5( ;RL7Z
 &


7M MR:( :(/R 7<X(LR7:(D
7;7:L:[& RY> MR:( ;RL7$(M  <'  L( :(/R $>@L7;( 7/ R5([ 5X( (EU: <U;6
(L >/ L>YM <' R5(L( (Z7MR MR:(  <' MU$5 R5R
 &

$  %   '  


>L (EU7X:(<R:[&
$ %
7M MR:( L745R 7<X(LR7:(D
^79 ZO `A]=]FA.WC] )FC]WFA F5 )FC]>C`F`X=dW>$A. XgX].BX

>Y& :(R .. $M% (  @L>@(L L(:6LR7><: ;RL7ZD  L745R $>@L7;( /$R>L7MR7><
>/ .. $M% 7M  /$R>L7MR7>< .. $M%     Y5(L(  <'  L( MR:( L745R
$>@L7;( ;RL7$(MD 7;7:L:[&  :(/R $>@L7;( /$R>L7MR7>< 5M R5( />L; .. $M% 
0  0 Y5(L(  0 <'  0 L( :(/R $>@L7;(D >R( R5R& 7< R5(M( '(0<7R7><M& 7R 7M
0
L(EU7L(' R5R  <'  L( MEUL(' <' <><M7<4U:LD
M(' >< R5( >X(& R5(L( (Z7MR R5( />::>Y7<4 L(MU:RD

.. :6$ /8 & 28/28 8+'8>(/-+ ,>8(E .. $M% >&8 E(9> (%&> 9>+
,>8(9 9>(9 F(-% >& 6A>(/-9
0 
.. $M%       0
 & &
0
 0  4

E
40 0  

57M :(;; '(0<(M  '>U:( $>@L7;( /$R>L7MR7>< >/ .. $M%D R M5>U:' ( <>R('
R5R 7R 7M :Y @>MM7:( R> ;9(  $>@L7;( /$R>L7MR7><& 7/ R5( M[MR(; 7M MR7:7M:(
<' '(R($R:(D
>Y& :(R 0 (  MR7:7M7<4 $><RL>::(L />L .. $M% <' :(R 0 5X( R5( />::>Y7<4
/$R>L7MR7><
0      0  
0E

 /(('$9 M[MR(; Y7R5 @>M7R7X( /(('$9 7M MR:( 7/ <' ><:[ 7/


 &

4 0
7M MR:(D
4..

0 Y( 4(R R5( />::>Y7<4 $><'7R7><M />L 7<R(L<:


M7<4 R5( $>@L7;( /$R>L7MR7>< >/
MR7:7R[D

.. :6; > .. $M%   28/28 8+'8>(/-+ ,>8(E -



0
.. $M%       0

 >& 9>+ 8(%&> - + > /28(, >/8(9>(/-5 &- >&8 E(9>9  /->8/++8
0 2   2    0  
02
2 2
0 2 - 0 2 9>+ 9A& >&>
D(>&  2 (  2 ( 
 & &
0 2 4 02  2

E
4 0 0  2

M(' >< R5( >X( L(MU:RM& 7R 7M <>Y @>MM7:( R> 47X(  @L;(RL7MR7>< >/ ::
$><RL>::(LM R5R MR7:7M( .. $M%D
(18. :6; > .. $M%   28/28 8+'8>(/-+ ,>8(E -
0 
.. $M%       0
ZO[ `A]=]FA.WC]  ,.X>:C ^77

 >& 9>+ 8(%&> - + > /28(, >/8(9>(/-5 &- >& 9> / ++ 28/28 /-'
>8/++89 &(C(-% (->8-+ 9>(+(>F (9 28,>8(9 (>&8 F
 $ 2 '  ? %$ 2 '  ? % AOD?]OB
.$
'  
2  ? %$-% 6 4

/8 9>+ ? /8 F
0 %  $
 $0 2 ' /  0%
0 2 ' /  AOD?]+B

0 0
.$
' /  %$-% 6 4
2
0 2 - 0 2 9>+ 9>(9! >& G/A> (->(>(9
/8 9>+ / D&8  2 (  2 ( 
0 2  4 
0 2 
(
0 24 0 2 

0 2 - 0 2 8 &/9- 9A& >&>


/8/C8 (  2 (  2 ( 
 & &
0 2 4 02  2

E
4 0 0  2
&- D &C

 $ 2 '  ? % $ 2 '  ? %
 %  %
 0
0 2 ' ?  02 ' 
 ?
0 AOD?]=B

 / $ ? ( ? %(
D&8
 
&
 2 
2 0 2
? 
2 4 
2 

- ? (9 9>+ - 9>(9!9 >&> $


'  
2  L %$-% (9 (-C8>(+5

5( >U:6 U$(L @L;(RL7MR7>< 7M M5>Y< 7< 74D ODTTD

:6;6> 8.=8*9=*1/ */ =( 9==)93 "18.

5( >U:6 U$(L @L;(RL7MR7>< '(L7X(' 7< R5( >X( M($R7>< YM M(' >< $>6
@L7;( /$R>L7MR7><& Y57$5 ;[ <>R ( R5( />L; 7< Y57$5  @LR7$U:L /U:R6R>:(L<R
$><RL>: @L>:(; 7M '(M$L7('D ULR5(L& @>@U:L R>>:>Z(M MU@@>LR  MRR(6M@$( '(6
M$L7@R7><D 57M 7<$:U'(M  D 5(L(/>L(&  MRR(6M@$( '(M$L7@R7>< Y7:: ( 47X(<
7< R57M M($R7>< R>4(R5(L Y7R5  '(M$L7@R7>< >/ R5( $:>M('6:>>@ RL<M/(L /U<$R7>< M
/U<$R7>< >/ R5( /L(( MR:( @L;(R(L D
><M7'(L R5( $>@L7;( /$R>L7MR7>< 7<  MRR(6M@$( />L;D M7<4 MRR( /(('$9 <'
>M(LX(LM& 7R 7M @>MM7:( 7<  X(L[ M7;@:( Y[ [ R> '(0<(  $>@L7;( /$R>L7MR7>< 7<
MRR( M@$(D 5( />::>Y7<4 L(MU:R 7M X7::(%
^7[ ZO `A]=]FA.WC] )FC]WFA F5 )FC]>C`F`X=dW>$A. XgX].BX

P T
 

,    ,
 

G


G,

 ,
 


 ,
 

>:O ZO__* FC]WFAA.W X]W`)]`W. 5FW ]<. F`A= `).W


KWB.]W>X]>FC

(R RY> $>@L7;( /$R>L7MR7><M >/ .. $M% ( $5>M(< M


$ +
 &  '  .    . '  .. 
 2 # *
 " .
 .. )
 2
4 

$ +
 &  '  .   .
0 2 4 02 # *
 " 4$ . '  .. %
4 .. ) (
4 0 0


Y5(L(  <' L( $5>M(< MU$5 R5R  '  .  <'  '  . L( >R5 MR:(D
R 7M <>Y EU7R( M7;@:( R> 47X(  MRR(6M@$( L(:7MR7>< >/ R5( 6@L;(RL7MR7>< >/
:: 7<R(L<: MR7:7M7<4 $><RL>::(LMD L>; 5(>L(; ODP Y( 5X( R5( :7<(L /L$R7><:
RL<M/>L;R7>< />L;U:R7>< >/ :: MR7:7M7<4 $><RL>::(LMD M7<4 R5( MRR(6M@$( '(6
M$L7@R7>< >/ R5( $>@L7;( /$R>L7MR7>< 7< L Y( 4(R R5( />::>Y7<4 L(MU:RD

(18. :6: >  -  9A& >&>  '  .  -  '  . 8 9>+5 &-
++ /->8/++89 >&> (->8-++F 9>(+(9 $M% -  28,>8(9 9 >& >8-9 8
,>8(E 8/, : >/ 6 %(C- F / $ L ( % D&8
$ +
 '  .  '  . '  ..   4$ . '  ..  %
# *
L  " 4 
)
 . '  ..
4 ..
D(>& -F  )  -
'  .. $-% (9 -/-9(-%A+85
ZO[ `A]=]FA.WC]  ,.X>:C ^7Z

5( $><RL>::(L 47X(< 7< R5( R5(>L(; 7M M>;(R7;(M $::(' R5( 6>M(LX(L6M('
$><RL>::(LD ULR5(L& <>R( R5R Y5(<    R5( <>;7<: $><RL>::(L RUL< >UR R> (
 MR<'L' /U::6>L'(L >M(LX(L6M(' $><RL>::(LD >L(>X(L& 7R $< ( M5>Y< R5R R5(
M(@LR7>< (RY((< R5( '(M74< >/ R5( MRR( /(('$9 47<  <' R5( >M(LX(L 47<
7M MR7:: X:7' <'  M(@LR7>< (RY((< R5( <>;7<: $><RL>::(L <' R5(  @L;(R(LD
57M $< ( M5>Y< [ M(RR7<4 U@  MRR(6M@$( '(M$L7@R7>< >/ R5( $><RL>::(L R>4(R5(L
Y7R5 R5(  @L;(R(L <' UM( R5( MRR( X($R>L 9   $9 9 4 9 9> %& Y5(L( 9> 7M
R5( MRR( X($R>L />L D
(ZR& :(R UM :>>9 R R5( $:>M('6:>>@ RL<M/(L /U<$R7>< Y5(< Y( 5X( @@:7('  6
@L;(R(L7M(' $><RL>::(L M 47X(< 7< 5(>L(; ODOD 5( $:>M('6:>>@ RL<M/(L /U<$R7><
7M 47X(< [ R5( />::>Y7<4 :7<(L /L$R7><: RL<M/>L;R7><%
Z  / $( %V  / $( / $ L ( %%V  / $ ( %VE
( <((' <>Y 8UMR R> 47X(  MRR(6M@$( '(M$L7@R7>< >/  D [ UM7<4 MRL745R/>LYL'
<' R('7>UM :4(L& Y( 4(R R5( />::>Y7<4 L(MU:RD
(18. :6 >  -  9A& >&>  '  .  -  '  . 8 9>+5 &-
>& 9> /  +/9'+//2 >8-9 8 ,>8(9 8/, V >/ Z &(C+ F - 9>(+(9(-%
28/28 /->8/++8 (9 6A+ >/
/ $ ( %   ' .  . (  )  (
'  .. $-%(
D&8  (9 %(C- F
$ +
 &  ' . 4 .   .
  . #   '  .  '  .  *
# *
  # *E
.  .. "  '  . 4 .    . )
 . . 
R 7M 7;@>LR<R R> <>R( R5R R5( $:>M('6:>>@ RL<M/(L ;RL7Z  7M < /0<( /U<$R7><
>/ R5( $><RL>::(L @L;(R(L ;RL7Z & M7<$(  ..  D 57M 7M R5( L(M>< Y5[ R5( 6
@L;(RL7MR7>< 7M M> UM(/U:D <( (Z;@:( Y5(L( R5( @L;(RL7MR7>< 7M X(L[ UM(/U:
7M 7< $><<($R7>< Y7R5 >@R7;7MR7>< >/ $><RL>::(LM [ UM7<4 <U;(L7$: R>>:MD

:6;6& *.@-=/1@9 9*'/ 1" =( 1/=81--8 / =( 89*@- '/8=18

< R5( $:>M(' :>>@& R5(L( 7M < 7<R(L$R7>< (RY((< R5( M(<M7R7X7R[ >/ R5( L(M7'U: /L>;
 /U:R '(R($R7>< 0:R(L <' R5( <RUL: MU@@L(MM7>< >/ <[ /U:R Y7R57<  $:>M(' :>>@D
5( '(M74< >/ $:>M('6:>>@ $><RL>: <' L(M7'U: 4(<(LR>L $< R5(L(/>L( ( $><M7'6
(L(' < 7<R(4LR(' '(M74< @L>:(;D ><M7'(L R5(L(/>L( R5( M7;U:R<(>UM '(M74< >/
/(('$9 $><RL>::(L <' L(M7'U: 4(<(LR>LD 5( '(M74< M(RU@ 7::UMRLR(' 7< 74D ODTSD
5( M(RU@ UM(M R5( MR<'L' @L>:(; @57:>M>@5[D
M MRR(' (L:7(L <' M '(R7:(' 7< @@(<'7Z& R5( MR<'L' '(M74< @L>X7'(M  $><6
RL>::(L $M% '(M74<(' MU$5 R5R R5( $:>M(' :>>@ 7M 7<R(L<::[ MR:( <'  MU7R:(
<>L; >/ R5( $:>M('6:>>@ RL<M/(L /U<$R7>< /L>; 8 R> ; 7M ;7<7;7M(' >L ;'( M;::(L
R5<  @L(6M@($70(' :(X(:D
^72 ZO `A]=]FA.WC] )FC]WFA F5 )FC]>C`F`X=dW>$A. XgX].BX

 
  

 

  

+ .+21+ FC]WFA XgX].B >C X]C,W, )FC6:`W]>FC

<MR(' >/ UM7<4  MR<'L' ><( @L;(R(L $><RL>::(L M M5>Y< 7< 74D ODTS&  RY>
@L;(R(L $><RL>::(L $< ( (;@:>[('%
 &  &
6
 :
 .
5( ''7R7><: >UR@UR M74<:  /L>; R5( $><RL>::(L 7M  '74<>MR7$ M74<:D R Y7:: (
@@:7(' R> '(L7X( < (MR7;R( >/ /U:RM 7< R5( $><RL>::(' M[MR(;D
(R R5( >@(< :>>@ RL<M/(L /U<$R7>< ( 47X(< [%
$ +
 &  & $
% $# $' $H # *
 " ( ) AOD??]B
: L# L' LH
6
> >R7<  4>>' (MR7;R7>< >/ R5( 7<'7X7'U: /U:RM& /U:R ;>'(:M L( 7<$:U'(' 7<
R5( 4(<(L:7M(' M[MR(; M /L(EU(<$[ Y(7457<4M >< R5( /U:RM M74<:M
(   ' $M%7(
Y5(L( 7 7M  M74<: R5R 7M <R7$7@R(' R> 5X(  2R @>Y(L M@($RLU;D 5( 4(<(L:7M('
M(RU@ 7M M5>Y< 7< 74D ODT3D

 
   

 

  

+ .+2+ .C.WA>X., X.]`K 5FW )FC]WFA C, 5`A] ,.].)]>FC

>Y Y( <((' R> />L;U:R( R5( '(M74< M(RU@ 7< 74D ODT3 M  MR<'L' '(M74<
@L>:(; M 7::UMRLR(' 7< 74D ODTSD >L '>7<4 R57M& '(0<( < ''7R7><: >UR@UR 2 M
R5( /U:R (MR7;R7>< (LL>L%
ZO[ `A]=]FA.WC]  ,.X>:C ^7D

2  ( 4 E AOD???B
57M 7M R5( MR<'L' Y[ >/ />L;U:R7<4  0:R(L '(M74< @L>:(; 7< R5( MR<'L' @L>6
:(; M(RU@D 5( 4(<(L:7M(' M[MR(;  $M% 7M R5(< 47X(< [%
$ + $ +
$ $
# * # *
" 2 )   $M% " 7 ) AOD??TB
: 6
Y7R5
$ +
$# $'  ' $H 
# *
 $M%  "  '  4
) E
L# L'  ' LH 
M7<4 R5( M[MR(; M(RU@ 7< AOD??TB <' @@:[  RY> @L;(R(L $><RL>::(L
6  $M%:
Y( 4(R R5( />::>Y7<4 $:>M('6:>>@ RL<M/(L /U<$R7><
 &  &
% $
  !/ $M%
2 7
Y7R5
 &
$# $'  '
 !/ $M%  '
 '
 &
$H   %  %
$M%$
4 LH  $M%% L# L'  '
 4

>L M7;@:7$7R[& MMU;( R5R $M% 7M >@(< :>>@ MR:( AR5( U<MR:( $M( $< (
'(:R Y7R5 M Y(:: 7< R57M ;(R5>'>:>4[& UR 7M $>;@URR7><::[ ;>L( '7/0$U:RBD 5(<
R5( >U:6 U$(L @L;(R(L7MR7>< >/ :: MR7:7\7<4 $><RL>::(LM $< ( >R7<(' [
;97<4 R5( MUMR7RUR7><%
 %
$M%  $M%$
4 LH  $M%%
 % AOD??SB
$M%  $M%$
' LH  $M%% (

Y5(L( $M% 7M  MR:( @L>@(L RL<M/(L /U<$R7><& R5( >U: @L;(R(LD ULR5(L& :(R
$M% ( @LR7R7><(' M%
 &
 $M%
$M% 
. $M%
5(< R5( />::>Y7<4 (EUR7>< />L R5( $:>M('6:>>@ RL<M/(L /U<$R7><  !/ 7M >R7<('%
 &
$# ' $H  L# $'  ' ' $H  L'  '
 !/ $M%  AOD??3B
4. L#  ' 4 . L'  '
^[i ZO `A]=]FA.WC] )FC]WFA F5 )FC]>C`F`X=dW>$A. XgX].BX

>R( R5R  ><:[ @@(LM 7< R5( 0LMR L>Y >/  !/ <' . ><:[ 7< R5( M($><' L>Y
>/  !/ D  M(@LR7>< (RY((< R5( '(M74< >/  <' . 5M R5(L(/>L( ((< >R7<('
[ UM7<4  >U: @L;(R(L7MR7><D 57M 7M  M:7(<R /(RUL( >/ R57M '(M74< @@L>$5D
:$U:R7<4 $M% '7L($R:[ /L>; AOD??SB L(MU:RM 7< R5( />::>Y7<4 (EUR7><%
 &
 $M%$
' LH  $M%%
$M% 
 $M%$
' LH  $M%%
 . & AOD??1B
 $M%$
' LH  $M%%

. $M%$
4 LH $M%%
5( L(MU:R 7<'7$R(M R5R :M> R5( >L747<: $><RL>::(L MRLU$RUL( 7M M(@LR(' 7< 
'(M74< >/ R5( /(('$9 $><RL>::(L $M% <'  '(M74< >/ R5( /U:R '(R($R7>< 0:R(L
. $M%D (M74< >/ R5( /U:R '(R($R7>< 0:R(L . $M% '(@(<'M >/ R5( $><RL>::(L '(M74<
$M%D
57M L(MU:R 7M (MM(<R7: />L @L>@(L '(M74< >/ L(M7'U: 4(<(LR>LM Y>L97<4 7< $:>M('
:>>@D R 7M :M> 7;@>LR<R />L R5( L(6'(M74< @L>:(; M7<$( R5( (//($R R5R R5( L(6
'(M74<(' $><RL>::(L 5M >< R5( '74<>MR7$ 0:R(LM $<<>R ( 74<>L('D

/+/ &$!& 1 4$1 -(5-8 1-&.!&1.

:6:62 9=8*/' =8/9*/= @31/ 9B*=(*/' =B/ 1/=81--89


< R5( @L(X7>UM M($R7><M& $><RL>::(L L($><04ULR7>< >L $$>;;>'R7>< >/R(< ;>U<RM
R> MY7R$57<4 R>  <(Y:[ '(M74<(' $><RL>::(L >L R> < (:(;(<R >/  <9 >/ $><RL>::(LM
Y57$5 7M '7//(L(<R /L>; R5( $><RL>::(L @L(M(<R:[ 7< R5( :>>@D 5(< R5( $><M7'(L('
$><RL>: :YM L( >/ R5( MRR( /(('$9 >L >UR@UR /(('$9 R[@(& <;(:[ Y5(< MRR7$
:YM L( UM('& <> @L($UR7>< 7M L(EU7L(' R> MY7R$5 (RY((< $><RL>::(LM Y7R5 R5( M;(
L(/(L(<$( 7<@URD >Y(X(L& R5( M7RUR7>< 7M '7//(L(<R />L '[<;7$ $><RL>::(LMD <'(('&
R5( MRR( >/ R5( $><RL>::(L Y57$5 7M <>R 7< R5( :>>@ 5M R> ( 7<7R7:7M(' @L>@(L:[ (6
/>L( R57M $><RL>::(L 7M 7<RL>'U$(' 7< R5( :>>@& 7< >L'(L R> X>7' U;@M 7< R5( M[MR(;
L(M@><M(D <( ;(R5>' R> $57(X( R57M 4>: 7M @L(M(<R(' 5(L(D R ;>U<RM R> /(('7<4
$9 R> ($5 $><RL>::(L& ( 7R $R7X( 7< R5( :>>@ >L <>R& R5( ;<7@U:R(' XL7:( $6
RU::[ @@:7(' R> R5( @L>$(MM A<;(:[ R5( @L>$(MM 7<@URBD 57M ;($5<7M; 7M M7;7:L
R> < <R76Y7<'U@ MRLR(4[& Y57$5 7M <>L;::[ UM(' R> 5<':( $RUR>L MRULR7>< 7<
 $><RL>: :>>@D
7R5>UR :>MM >/ 4(<(L:7R[&  M7RUR7>< Y7R5 RY> $><RL>::(LM 7M $><M7'(L(' 5(L(&
M> R5R ><( $><RL>::(L& M[ $><RL>::(L "& 7M $R7X( 7< R5( :>>@& <' $><RL>::(L 1 7M
R5( $><RL>::(L R>YL'M Y57$5 MY7R$57<4 >$$ULM AM(( 74D ODT1BD >R5 $><RL>::(LM L(
MU@@>M(' R> ( '(M$L7(' [  :7<(L MRR(6M@$( ;>'(: >/ R5( />L;
9 !, $P%  !, 9!, $P% '  !, : ' $P% '  !, :$P% 9!, $4%  92!,
AOD??PB
6, $P%   !, 9!, $P% '  !, : ' $P% '  !, :$P% 4  "( 1(
Y5(L( 9!, $P%& 6, $P%& :$P% <' : ' $P% L( L(M@($R7X(:[ R5( $><RL>::(L MRR(& R5( $><6
RL>::(L >UR@UR& R5( ;(MUL(' @:<R >UR@UR <' R5( L(/(L(<$(D
ZOZ C,A>C: ]<. 5`A] W.)Fd.Wg ]WCX>.C]X ^[I

 

 
    
 

 

 

+ .+2+ eF=)FC]WFAA.W X)<.B.

M (Z@:7<(' 7< R5( @L(X7>UM @L4L@5& R> >R7<  M;>>R5 MY7R$57<4 R>YL'M
$><RL>::(L T& R5( MRR( >/ R57M $><RL>::(L ;UMR ( @L>@(L:[ 7<7R7:7M('D 57M $< (
$57(X(' R5<9M R> < >M(LX(L6M(' <R76Y7<'U@ ;($5<7M;D R ;>U<RM R> /(('7<4
$9 R5( '7//(L(<$(& 6$P% 4 6. $P%& (RY((< R5( @:<R 7<@UR <' R5( $><RL>::(L >UR@UR&
7< R5( MRR( (EUR7><D (<$( R5( MRR( (EUR7>< />L $><RL>::(L 1 ($>;(M
9 !. $P%  !. 9!. $P% '  !. : ' $P% '  !. :$P% ' . $6$P% 4 6. $P%%
AOD??OB
6. $P%   !. 9!. $P% '  !. : ' $P% '  !. :$P%E
UMR7RUR7<4 R5( >UR@UR (EUR7>< />L 6. $P% 7< R5( MRR( (EUR7>< >/ AOD??OB [7(:'M
9 !. $P%  $!. 4 .  !. %9!. $P% ' $ !. 4 .  !. %: ' $P%
'$ !. 4 .  !. % :$P% ' . 6$P% AOD??+B
6. $P%   !. 9!. $P% '  !. : ' $P% '  !. :$P%
57M M5>YM R5R . M5>U:' ( $5>M(< 7< MU$5  Y[ R5R $!. 4 .  !. % 5M ::
7RM (74(<X:U(M 7<M7'( R5( >@(< :(/R 5:/ @:<( 7< >L'(L />L 9!. $P% R> L($5  MR('[
MRR( X:U( Y5(< $><RL>::(L 1 7M <>R 7<M(LR(' 7< R5( :>>@& 7< R5( M(<$( >/ $5<4( 7<
: ' $P%& :$P% <' 6$P%D >MM7:( >@R7><M $><M7MR 7< $5>>M7<4 . M> R5R :: (74(<X:6
U(M :7( R R5( >L747<& >L M> R5R .   !.   !. & Y57$5 $>LL(M@><'M R> R5( M>6$::('
$><'7R7><7<4 R($5<7EU(D 5( :RR(L @@L>$5 L(EU7L(M  MEUL( /U:: L<9 ;RL7Z  !. &
:R5>U45 R57M $><'7R7><M $< ( Y(9(<('D R :M> L(EU7L(M R5R R5( \(L>M >/ R5( $><6
RL>::(L :7( 7< R5( >@(< :(/R 5:/ @:<(& M7<$( R5(M( L( @L($7M(:[ R5( (74(<X:U(M >/
!. 4  !.   !.  !. &  $><'7R7>< >/R(< /U:0::(' 7< @L$R7$(D

 

 

 
   

 
 
 

 
+ .+2/+ eF=)FC]FAA.W X)<.B. e>]< C]>=e>C,`K B.)<C>XB
^[_ ZO `A]=]FA.WC] )FC]WFA F5 )FC]>C`F`X=dW>$A. XgX].BX

X7>UM:[& />L L(M>< >/ M[;;(RL[& R> ::>Y MY7R$57<4 /L>; $><RL>::(L 1 R> $><6
RL>::(L "& R5( :RR(L $><RL>::(L ;UMR ( @L>X7'(' Y7R5  M7;7:L <R76Y7<'U@ /(RUL(D
RM MRR(6M@$( (EUR7><M L( R5UM YL7RR(< :79( AOD??+B& Y7R5 7<'(Z " MUMR7RUR(' />L 1D
5( L(MU:R7<4 :>$9 '74L; 7M 47X(< 7< 74D ODTPD

:6:6? 81'899*A "@-= 1..1=*1/

< R5( 7'(: U:R6R>:(L<R :7<(L EU'LR7$ @L>:(; '(M$L7(' >X( A($R7>< ODSB R5(
/U:R '(R($R7><& 7M>:R7>< <' (MR7;R7>< @L>$(MM& Y57$5 @L>X7'(M R5( ;>'(: $(  ' %
>/ R5( @>MR6/U:R M[MR(;& <' R5( /U:R $$>;;>'R7>< @L>$(MM& Y57$5 7<$:U'(M R5(
L(M>:UR7>< >/ R5( <(Y :4(L7$ 7$$R7 (EUR7>< <' R5( L(6'(M74< >/ R5( /(('$9
$><RL>: R9( <> R7;(D >Y(X(L& 7R 5M ((< :L('[ <>R(' R5R 7< @L$R7$(& R5L(( R7;(
@(L7>'M (Z7MR%

7;( Y7<'>Y [MR(; M7RUR7>< [MR(; ><RL>:



4( P'
>;7<: >@(LR7>< $( % 6  4    9

P' ( P
U:R '(R($R7><& 7M>:R7>< $(  ' % 6  4    9
<' (MR7;R7>< @L>$(MM&
/U:R $$>;;>'R7><
@L>$(MM '(:[

P ( -% U:R 7M $$>;;>'R(' $(  ' % 6'  4  '  ' 9

UL7<4 R5( R7;( @(L7>'


P' ( P
R5( /U:R[ M[MR(; $(  ' % 7M MR7:: $><RL>::(' [
R5( <>;7<: $><RL>: 6  4    9E 57M $><RL>: 7M >@R7;: />L $( % <' R5(
$:>M(' :>>@  4     7M MR:(& UR <> 4UL<R(( $< ( 47X(< Y5(<  7M
L(@:$(' [  ' <' R5( $:>M('6:>>@ 4 '     ;[ ( U<MR:(D / P 4P' 7M
<>R M;:: (<>U45& :R5>U45 R5( <(Y $><RL>: :Y 6' Y7:: L($>X(L R5( M[MR(; MR7:7R[
<' @L>X7'( R5( (MR @>MM7:( @(L/>L;<$( Y5(< @@:7('& R5( M[MR(; MRR( ;[ X7>6
:R( M>;( @5[M7$: :7;7RM >L 7R ;[ :(' R>  <><6';7MM7:( X:U( >/ R5( M[MR(; $>MRD
>R( R5R @5[M7$: :7;7RM L( <>R />L;:7M(' 7< R5( MR<'L'  @L>:(; M(RR7<4& UR
R5([ L( UMU::[ R9(< 7<R> $$>U<R [ < @@L>@L7R( $5>7$( >/ R5( Y(745R7<4 ;RL76
$(M  <' D
5(L(/>L(& R5( @L$R7$: /U:R $$>;;>'R7>< @L>:(; 7M R> '(M74<  /U:R '(R($6
R7><& 7M>:R7>< <' (MR7;R7>< @L>$(MM <' /U:R $$>;;>'R7>< @L>$(MM @L>$('UL(
MU$5 R5R P 4 P' 7M M M;:: M @>MM7:(& Y57$5 <(('M ;7<7;7\7<4 >R5 R5( /U:R
'(R($R7><& 7M>:R7>< <' (MR7;R7>< @L>$(MM '(:[ <' R5( /U:R $$>;;>'R7>< @L>6
$(MM '(: M /L M /U:R $$>;;>'R7>< 7M $><$(L<('& R57M $< ( >R7<(' [ RY>
$>;@:(;(<RL[ MRLR(47(M%

% '(M74< < :4>L7R5; R5R $>;@UR(M R5( $$>;;>'R(' $><RL>: 6' A7D(D R5R M>:X(M
R5( :4(L7$ 7$$R7 (EUR7><B 7< ;7<7;U; R7;(&
% '(M74< < :4>L7R5; R5R $>;@UR(M  M(EU(<$( >/ $><RL>:M R5R Y7:: (X(<RU::[ $><6
X(L4( R> 6' <' Y7:: MR7:7M( R5( M[MR(; M M>>< M @>MM7:(D U$5 < :4>L7R5;
ZOZ C,A>C: ]<. 5`A] W.)Fd.Wg ]WCX>.C]X ^[^

(:><4M R> R5( /;7:[ >/ G<[R7;(G :4>L7R5;M& Y57$5 ;(<M R5R R5( L(MU:R >/ <[
7R(LR7>< 7M $$(@R:(& <' 7R Y7:: 7;@L>X( M R5( <U;(L >/ 7R(LR7><M 7<$L(M(MD
57M 7M R5( 28/%899(C /,,/>(/- MRLR(4[D

B=1/)3(91/ *=8=*1/ 9(. "18 91-A*/' =( -'8* *=* 7@=*1/6 D


5( (YR><6@5M>< 7R(LR7>< M$5(;( 5M ((< @L>@>M(' 7< R5( :7R(LRUL( M < (/6
/($R7X( Y[ >/ M>:X7<4 R5( :4(L7$ 7$$R7 (EUR7><D (R  , ( R5( U<7EU( M>:UR7><
>/ R5( [@U<>X (EUR7><
 , $ 4  '  , % ' $ 4  '  , %  ,  4 4  ,  , ( AOD??=B
Y5(L(
 ,    '  , AOD?T]B
/>L :: 4  "( 1( 8 8 8 <' R5( 7<7R7:  2 7M 47X(<D /  4  '  2 7M MR:(& R5(< ::
;RL7$(M , L( @>M7R7X( '(0<7R(& <' ><( 5M R5( $><X(L4(<$( L(MU:R
$"%  2 ,  , EEE ,  , ,  ,$ , EEE ,  ' ( 4  "( 1( 8 8 8
AOD?T?B
$1% ,   ,   ' (
Y5(L(  ' 7M R5( M>:UR7>< >/ R5( :4(L7$ 7$$R7 (EUR7><
 ' $ 4  '  ' % ' $ 4  '  ' %  '  4 4  '  ' E

81'899*A 1..1=*1/ 45 9(.6 5(  M$5(;( 7M M(' >< R5(


(YR><6@5M>< :4>L7R5;D MMU;( R5R 7R(LR7>< 4 R9(M  R7;( , & <' $><M7'(L
R5( M(EU(<$(
,
3
P,  P,4,D ' - ( 4  "( 1( EEE(
-

Y5(L( P,4,D 7M R5( R7;( R Y57$5 R5( (YR><6@5M>< :4>L7R5; 7M 7<7R7:7M(' /R(L
R5( /U:R 5M ((< '(R($R('& 7M>:R(' <' (MR7;R(' A<>R( R5R P' ; P' #, ; P,4,D BD P, 7M
R5( R7;( R Y57$5 R5( L(MU:R  , ($>;(M X7::( A<>R( R5R R5( $><MR<$[ >/ , 7M
<>R <($(MML[& R5( M$5(;( $< R5(L(/>L( ( (;@:>[(' Y5R(X(L R5( RM9M M$5('U:7<4
MRLR(4[ >/ R5(  $>;@UR(LBD 5( 7'( >/ @L>4L(MM7X( $$>;>'R7>< 7M R> @@:[
R5( /(('$9 $><RL>: :Y 6,  4 , 9 >< R5( R7;( 7<R(LX:
P, ( P,$
D M  L(MU:R& R5(
M[MR(; (5X7>UL /R(L R5( /U:R >$$ULL(<$( 7M
9  $ 4  '     %9( P )
P' ( P,4,D
AOD?TTB
9  $ 4  '  2 %9( P )
P,4,D ( P
AOD?TSB
9  $ 4  '  , %9( P )
P, ( P,$
4  "( 1( EEE( AOD?T3B
Y5(L(  2 7M R5( (YR><6@5M>< 7<7R7:7MR7>< R R7;( P,4,D D R $< ( M5>Y< /L>;
AOD?T?B R5R 7/ R5( M[MR(; $(  ' % 7M MR7:7M(' [  2 & R5(< 7R 7M MR7:7M(' [ ::  , &
<' ($5  , 7M (RR(L R5< R5( @L(X7>UM ><( Y7R5 L(M@($R R> R5(  $>MRD >L(>X(L&
^[9 ZO `A]=]FA.WC] )FC]WFA F5 )FC]>C`F`X=dW>$A. XgX].BX

L>4L(MM7X( $$>;;>'R7>< L(MU:RM 7<  :>Y(L $>MR R5< R5( ><( MM>$7R(' Y7R5
$><RL>::7<4 R5( M[MR(; [ R5( <>;7<: $><RL>: U<R7: R5( (YR><6@5M>< :4>L7R5;
5M $><X(L4(' AY57$5 ;(<M R5( $$>;;>'R(' M>:UR7>< 7M $>;@UR('B <' R5(<
@@:[7<4 R5( $$>;;>'R(' $><RL>:D 74UL( ODTO M5>YM R5( /U:R6R>:(L<R M[MR(;
L$57R($RUL( UM7<4 R5(  M$5(;(D


   

 
         


   
     

           
             

+ .+2.+ WF:W.XX>d. ))FBBF,]>FC X)<.B.

 ,   $ $.>C: X]$A. >X FCAg  X`56)>.C] )FC,>]>FC 5FW ]<.  KWF).,`W. ]F )FCd.W:.O
FCd.W:.C). Bg $. F$]>C., >C XFB. )X.X+ .d.C e<.C ]<. >C>]>A 5..,$)@ ,F.X CF] X]$>A>X.
]<. XgX].BO <>X <KK.CX >C ]<. 5FAAFe>C: .fBKA.O 7
'

6#(" .+% .( .//#3 (&&(1#(' (  ./1 (.. /6/1&


FCX>,.W ]<. 5FAAFe>C:  KWF$A.B
/  ,/ # , / 0!  


 / L! # , L!
(L
$

<. CFB>CA2 A:.$W>) >))]> Q`]>FC >X  # -2,   0 A.,>C: ]F ]<. FK]>BA )FC]WFA
,   , -!/+ C, )AFX.,=AFFK $.<d>F`W /  , -/O .] ]<. 5`A]g XgX].B $.
2
/  ,/ , - -, L%
2
C,.W ]<. CFB>CA )FC]WFA+ ]<. 5`A]g XgX].B $.<d>F`W >X /  + , - -!/ e<>)< >X
>CX]$A.O <. C.e A:.$W>) >))]> Q`]>FC >X  # - ,   0 e<FX. X]$A. XFA`]>FC

:>d.X ]<. FK]>BA )FC]WFA F5 ]<. 5`A]g XgX].B ,  / C, ]<. )AFX.,=AFFK $.<d>F`W
/  ,+/O <. .e]FC=K<XFC A:FW>]<B W.X`A]X >C
 #  #
# 
-  #  # !
e<>)< )FCd.W:.X ]F ]<. XFA`]>FC F5 ]<. C.e A:.$W>) >))]> Q`]>FCO <. ]$A. $.AFe
X<FeX ]<. .dFA`]>FC F5  # + e<>A. >:O ZO_2 X<FeX ]<. .dFA`]>FC F5 ]<. XgX].B X]]. e<.C
ZO2 f.W)>X.X ^[7

5`A] ))FBBF,]>FC >X KKA>., 5].W )FCd.W:.C). F5 ]<. .e]FC=K<XFC X)<.B. Le<>)<
]@.X ^ >].W]>FCX+ e>]<   IM L)AXX>)A KKWF)<+ ,X<., A>C.M+ C, `X>C: ]<. KWF:W.XX>d.
))FBBF,]>FC X)<.B. L)FC]>C`F`X A>C.MO

2 i I _ ^ 9 7
7
'
4# - 0 A- -(A -A0 - - -

 
                     
 
 
                    
 
                   
 
 
        
            
 
                 
 
                     
  
+ .+2+ FBKW>XFC F5 ]<. )AXX>)A C, ]<. KWF:W.XX>d.
))FBBF,]>FC X)<.B.X

/+ 7-!..

6,- .+' (' 2.1#(' 6 &(% &1!#' 1!'#-2/


FCX>,.W ]<. KAC]
! ( ! (! ( ! (! (
S  L! ,  0 S L!  - P L!
  #
S L! 
,  S L! - + P L!
! (
S L!
T L!   !
S L!
C, ]<. KWFKFW]>FCA )FC]WFAA.W
! ( ! (
P L! ,4
 T L!A
P L! 0
5 ]<. )]`]FW I 5>AX+ ]<. )FC]WFA AFFK X<F`A, $. )AFX., e>]< ]<. <.AK F5 ]<. W.,`C,C] )FC]WFA
>CK`] P L!O F.X ]<. BF,.A=B])<>C: KKWF)< g>.A,  X]$A. )AFX.,=AFFK XgX].BR X ]<.
K.W5FWBC). F5 ]<. )AFX.,=AFFK XgX].B >BKWFd., e>]< W.XK.)] ]F ]<. CFB>CA AFFK >5 ]<.
W@Fd KWB.].W KKWF)< >X `X.,R 7 '
^[[ ZO `A]=]FA.WC] )FC]WFA F5 )FC]>C`F`X=dW>$A. XgX].BX

6,- .+2 #.12% 121(.


FW ]<. `CX]$A. XgX].B
! ( ! (! ( ! (! (
S  L! 0  S L! - 0 P L!
 #
S L! , - S L!   P L!
! (
S L!
T L!  - !
S L!
 KWFKFW]>FCA )FC]WFAA.W
! ( ! (
P L! ,4
 T L!A
P L! 0
X<F`A, $. 5F`C, ]<] X]$>A>X.X ]<. XgX].BO C )X. F5 ]<. )]`]FW 5>A`W.  d>W]`A )]`]FW
X<F`A, $. `X., ]F X]$>A>X. ]<. XgX].B e>]< ]<. CFB>CA )FC]WFAA.WO >C, W.XFC$A. KWB.].WX
F5 ]<. d>W]`A )]`]FW C, KWFd. ]<] ]<. W.)FC6:`W., )AFX.,=AFFK XgX].B >X X]$A.O 7
'

/+' !$!(-*!$ &(1.


 X`Wd.g FC 5`A] ))FBBF,]>FC >X :>d.C >C 'ID^( C, '_i[(O
'D[( >X FC. F5 ]<. .WA>.X] KK.WX FC )FC]WFAA.W W.)FC6:`W]>FC $g BF,.A=B])<>C:O 'Zi(
,.X)W>$.X C >BKWFd.B.C] F5 ]<. KX.`,F=>Cd.WX. B.]<F, 5FW ]<. .CX`WC). F5 X]$>A>]gO 
KWFF5 F5 .BB ZO9 )C $. 5F`C, >C '_ZD(O
`W]<.W .f].CX>FCX F5 ]<. KX.`,F=>Cd.WX. B.]<F,+ ]<] W.X`A] >C ]<. XF=)AA., ,B>XX>$A.
BF,.A B])<>C: KKWF)< <d. $..C W.).C]Ag :>d.C >C '__[( C, '__Z(O
<. >,.X F5 ]<. d>W]`A X.CXFW C, d>W]`A )]`]FW <d. $..C ,.d.AFK., >C 'I[i(+ 'I[_(O 
]<FWF`:< ]W.]B.C] )C $. 5F`C, >C ]<. W.).C] BFCF:WK< '_9i(O <.X. )FC).K]X <d. $..C
.fK.W>B.C]AAg ].X]., ]  A$FW]FWg KWF).XX 'I[_( C,  ]eF=,.:W..X=F5=5W..,FB <.A>)FK].W
BF,.A 'I[I(O <. :.C.WA>X., d.WX>FC F5 ]<. d>W]`A )]`]FW+ e<>)< >X .fKA>C., >C ]<>X )<K=
].W+ <X $..C KWFKFX., >C 'I9D(O
F,.A=KW.,>)]>d. )FC]WFA <X $..C `X., >C 'I[9( 5FW 5`A] ))FBBF,]>FC C, W.)FC6:=
`W]>FCO <. BF,.A=KW.,>)]>d. )FC]WFAA.W `X.X AA d>A$A. >CK`] X>:CAX P # C, B.X`W$A.
F`]K`] X>:CAX T# e<>)< )FBKW>X. ]<. d.)]FWX , C, 0 X $.5FW. W]<.W ]<C FCAg ]<FX. >CK`]
C, F`]K`] X>:CAX W. `X., >C ]<. CFB>CA 5..,$)@ AFFKO 5 FC ]<. X`K.Wd>X>FC A.d.A  5`A]
- >X ,.].)].,+ ]<. >C.Q`A>]g )FCX]W>C]X >C)A`,., >C ]<. FK]>B>X]>FC KWF$A.B )C $. )<C:.,
XF ]<] ]<. BF,.A=KW.,>)]>d. )FC]WFAA.W ,K]X ]F ]<. 5`A]g XgX].BO <>X )C $. ,FC. >C  d.Wg
.Xg eg 5FW )]`]FW 5`A]XO 5 ]<. ,>:CFX]>) A:FW>]<B X<FeX ]<. ]<. 3=]< )]`]FW >X 5`A]g+
]<. .Q`A>]g )FCX]W>C] P$  0 >X >C)A`,., >C ]<. FK]>B>X]>FC KWF$A.B >C FW,.W ]F .CX`W. ]<]
]<. )FC]WFAA.W ,F.X CF] W.AAg `X. ]<. 3=]< >CK`]O <.C ]<. BF,.A=KW.,>)]>d. )FC]WFAA.W BFd.X
>]X )FC]WFA )]>d>]g ]FeW,X ]<. d>A$A. )]`]FWX+ e<>)< )C $. >C].WKW.]., X C FC=A>C.
W.)FC6:`W]>FC F5 ]<. )FC]WFA AFFKO
X BF,.A=KW.,>)]>d. )FC]WFA C.).XX>]].X  W]<.W AW:. FC=A>C. )FBK`]>C: )K)>]g C, X
>]X W.)FC6:`W$>A>]g KWFK.W]g >X+ BFW. FW A.XX+ W.X]W>)]., ]F )]`]FW 5`A]X ]<>X B.]<F, X<F`A,
$. `X., 5FW .CX`W>C: 5`A]=]FA.WC). FCAg >5 ]<. ,dC]:.X F5 BF,.A=KW.,>)]>d. )FC]WFA <X ]F
$. .fKAF>]., 5FW ]<. 5`A]A.XX KAC] X e.AAO FW KKA>)]>FCX+ e<.W.  6f., LA>C.WM )FC]WFAA.W
>X X`56)>.C] 5FW X]>X5g>C: ]<. )FC]WFA W.Q`>W.B.C]X 5FW ]<. 5`A]A.XX KAC] ]<. W.)FC6:`W]>FC
X<F`A, $. )WW>., F`] $g B.]<F,X ,.X)W>$., >C ]<. .WA>.W X.)]>FCX+ e<>)< .d.C]`AAg W.X`A] >C
 C.e 6f., )FC]WFA AeO
 )FC]WFA B>f.W KKWF)< ]F ,.A e>]< )]`]FW 5`A]X eX K`WX`., $g '_Z9(+ '_Z7(O  e>,.W
W. F5 W.)FC6:`W]>FC eX X]`,>., >C '_Z^( C, '_[D(O
ZOD >$A>F:WK<>)A CF].X ^[Z

<. W.X`A]X FC )FC]WFAA.W W.=,.X>:C W. $X., >C ]<. W.X`A]X 5FW ]<. F`A= `).W KWB.]W>=
X]>FC :>d.C >C 'I2[(+ '_7i( C, 'IID(O .. AXF 'I2^(+ e<.W. ]<. F`A= `).W KWB.]W>X=
]>FC <X $..C KKA>., >C )FCC.)]>FC e>]< ]`C>C: )FC]WFAA.WXO <. .f)]+ ]<. ABFX] .f)] C,
]<. FK]>BA ,.X>:C KWF$A.BX 5FW  <d. $..C )FCX>,.W., >C ,.]>A >C '_iD(O
<. KWFK.W]>.X F5 )FB$>C., 5`A] ,>:CFX>X C, )FC]WFA e.W. ]W.]., >C 'ID^(O <. W.X`A]X >C
.)]>FC ZO[O9 W. $X., FC '_9^( C, '_99( e<>)< 5F)`X FC ]<. `X. F5 5`A] .X]>B]>FC e>]<>C 
W.A>$A. )FC]WFA 5WB.eFW@ '_7D(O <. B.]<F,X 5FW W.=)FC6:`W]>FC ,.X>:C W. )FBKW]>d.Ag
C.e e>]<>C ]<. 5`A]=]FA.WC] )FC]WFA ,FB>CO  5.e X)<.B.X <d. )FB. >C]F W.A KKA>)]>FCO
W.,.].WB>C., ,.X>:C 5FW ))FBBF,]>FC eX ,.BFCX]W]., 5FW  X].AA>]. >C '_[(+ C, '_7(O
.)<C>Q`.X `X>C: AF:>) >C5.W.C). FC Q`A>]]>d. BF,.AX e.W. `X., >C 'I^2( C, 'I79(O
 W.A]., W. >X ]<. )FC]WFA F5 ,>X)W.].=.d.C] ,gCB>)A XgX].BX e<>)< <d.  @CFeC
X]W`)]`W. e>]< KW.=,.].WB>C., .d.C]X ]<] F))`W e>]< `C@CFeC >CX]C]X C, X.Q`.C). '_[9(O
>:CFX>X 5FW ,>X)W.].=.d.C] ,gCB>)A XgX].B eX ]W.]., >C '_II( C, 'I7[(O
.)Fd.W$>A>]g >X )FC).WC., e>]< ]<. KFXX>$>A>]g .>]<.W ]F ))FBBF,]. ]<. 5`A]X FW ]F W.=
)FC6:`W. ]<. XgX].B e<.C 5`A]X F))`WO ] <X $..C )FCX>,.W., 5WFB ]<. KF>C] F5 d>.e F5
]<. XgX].B X]W`)]`WA KWFK.W]>.X+ .O:O F$X.Wd$>A>]g FW )FC]WFAA$>A>]g+ .f].C,>C: ]<. .dA`]>FC
F5 ]<.X. KWFK.W]>.X ]F ]<. 5`A]g XgX].BO FW .fBKA.+ ]<. XBAA.X] X.)FC, FW,.W BF,.+ 6WX]
>C]WF,`)., >C 'IZi(+ <X $..C KWFKFX., X  W.)FC6:`W$>A>]g B.X`W. >C '_[2(+ e<>A. ]<.
,.].WB>CC]X F5 ]<. )FC]WFAA$>A>]g C, F$X.Wd$>A>]g WB>CX e.W. KW.5.W$Ag X`::.X]., >C
'_I(O C '_^Z( C, '__9(+ ]eF W.)FC6:`W$>A>]g B.X`W.X <d. $..C KWFKFX., ]F .dA`]. ]<.
X>h. F5 ]<. X.] F5 5`A]=]FA.WC] X>]`]>FCX+ CB.Ag ]<. C`B$.W F5 W.)Fd.W$A. 5>A`W.X LW.,`C=
,C)g ,.:W..XM C, ]<. B.C ]>B. `C]>A  CFC=W.)Fd.W$A. 5>A`W. F))`WXO
<. W.)Fd.W$>A>]g KWF$A.B )C AXF $. )FCX>,.W., 5WFB ]<. KF>C] F5 d>.e F5  XK.)>6)
F$?.)]>d.+ X CAgX., >C '_^[(+ $g )FCX>,.W>C: ]<. Q`.X]>FC* TC ]<. F$?.)]>d. $. )<>.d.,
.>]<.W ]<WF`:< 5`A] ))FBBF,]>FC FW ]<WF`:< XgX].B W.)FC6:`W]>FCRU
`. ]F ]<. ,>X)W.]. C]`W. F5 5`A] F))`WW.C). C, W.)FC6:`W]>FC+ 5`A]=]FA.WC] )FC]WFA
XgX].BX W. <g$W>, >C C]`W. ))FW,>C: ]F '[Z(+ '[[(O
Cg ,>55.W.C] KKWF)<.X )C $. `X., ]F XFAd. ]<. 5`A]=]FA.WC] )FC]WFA KWF$A.B
7 ' ' '
 0 'ID^(O
FX] )FBBFCAg+ <`BC >C].Wd.C]>FC >X C..,.,+ `X>C: ,.)>X>FC X`KKFW] 5WFB ]<. ,>:CFX>X
C, Fd.WAA :FAX 5FW ]<. KAC] 'I^I(+ '_^[(O
<.FW.B ZO[ <X $..C KWFd., >C '_ZD(O
<. ,.X>:C B.]<F,X )FCX>,.W., >C .)]>FC ZO[ W. $X., FC ]<. XB. )FC,>]>FCX X ]<.
B.]<F,X ,.X)W>$., >C '__i(O `W]<.W W.X`A]X FC `X>C: ]<. F`A= `).W KWB.].W>X]>FC 5FW
5`A]=]FA.WC] )FC]WFA >C ]<. ,,>]>d. 5`A]+ B`A]>KA>)]>d. 5`A] C, KWB.].W 5`A] )X.X )C
$. 5F`C, >C 'IZ2(+ 'I27(+ 'I2_(+ '_97( C, 'I2[(O C W)<>].)]`W. 5FW 5`A]=]FA.WC] )FC]WFA+
$X., FC ?F>C] )FC]WFAA.W C,  ,.X>:C eX KW.X.C]., >C 'IZ[(O
<. A>C@ $.]e..C BX].W>C: ]<. ]WCX>.C] `KFC )FC]WFAA.W Xe>])<>C: C, <C,A>C: )]`]FW
X]`W]>FC <X $..C W.)F:C>X., 5FW  AFC: ]>B.O C,..,+ $F]< KWF$A.BX >CdFAd. ]<. ,>X)W.K=
C)g $.]e..C ]<. )FC]WFAA.W F`]K`] C, ]<. KWF).XX >CK`]+ e<>)< B>:<] A., ]F K.W5FWBC).
,.:W,]>FC C, .d.C >CX]$>A>]g F5 ]<. )AFX.,=AFFKO C]>=e>C,`K B.]<F,X <d. ]<`X $..C ,.=
d.AFK., e>]<  d>.e ]F <C,A. $F]< KWF$A.BX LX.. '9( 5FW ]<. F$X.Wd.W=$X., KKWF)<+ C,
'2Z(+ 'IDD(+ '22( 5FW ]<. )FC,>]>FC>C: ].)<C>Q`.MO C '27( C, '_Z[(+ ]<.g W. .fKA>)>]Ag >C]WF=
,`)., >C B`A]>=)FC]WFAA.W X)<.B.X X`)< X 5F`C, >C <g$W>, FW Xe>])<.,=BF,. XgX].BX >C FW,.W
]F dF>, `C,.X>W$A. Xe>])<>C: ]WCX>.C]XO <. C]>=e>C,`K B.)<C>XBX `X., >C '27( W. <>:<
:>C 5..,$)@ AFFKX WF`C, .)< >,A. )FC]WFAA.W+ e<>)< 5FW). ]<. )FC]WFAA.W F`]K`]X ]F ]W)@
]<. KWF).XX >CK`]+ e<>A. >C '_Z[( .)< )FC]WFAA.W >X `:B.C]., e>]<  ,gCB>)X >,.C]>)A ]F
]<] F5 ]<. KAC] >C FW,.W ]F AAFe ]<. )FC]WFAA.W X]]. ]F .dFAd. >C C KKWFKW>]. eg e<.C
]<. )FC]WFAA.W >X CF] )FCC.)]., ]F ]<. KAC] >CK`]O <. A]].W X)<.B. >X )`B$.WXFB. e<.C ]<.
C`B$.W F5 )FC]WFAA.WX >X AW:.O
.,>)]., B.]<F,X <d. AXF $..C X]`,>., 5FW <C,A>C: ]WCX>.C] >C )FC]WFAA.W Xe>])<>C:O
C '29(+ ]<. `]<FWX W.)X] ]<. KWF$A.B >C C XXF)>]., ]W)@>C: KWF$A.B+ e<.W. ]<. X]C,$g
)FC]WFAA.W >X d>.e., X  ,gCB>) XgX].B F5 e<>)< ]<. F`]K`] X<F`A, ]W)@ ]<. BC>K`A].,
^[2 ZO `A]=]FA.WC] )FC]WFA F5 )FC]>C`F`X=dW>$A. XgX].BX

X>:CA LKAC] >CK`]M $g B.CX F5  ]eF=,.:W..=F5=5W..,FB )FC]WFAA.WO C '_Z_(+  X>BKA. C.e


W.A>h]>FC F5  X.] F5 A>C.W   )FC]WFAA.WX >X ,.X)W>$., ]<] >C<.W.C]Ag XX`W.X $`BKA.XX
]WCX>.C] `KFC Xe>])<>C: $.]e..C )FC]WFAA.WXO
'_ZI( B,.  W>:FWF`X CAgX>X F5 )FC]WFAA.W Xe>])<>C: C, X`::.X]., C ,K]>d. B.]<F,
]F F$]>C $F`C,., X>:CAX e>]<  CFB>CA )FC]WFAA.W 5WFB ]<. >CX]C]  5`A] >X ,.].)]., `C]>A
)FC]WFAA.W W.)FC6:`W]>FC >X B,.O

 

 ##  "(" 


%"  #"%)%
#+#%#

( "*' ! ' ( ('*- * 0  (0(*( ** ' ('


0 (*!(* ,*!*# ( ! * (!,*! *! * (** !('-*! "'!
 -!"  *! #+ * ,*  !(* "'! .  (!-
 *! # 0 %!('- & * ,  !. (** ! * ,* !# 
*! #) (!.( !.  (,"'-(!'   '! ,' *'  ,* ( 
**#

+) (1!51!(&
57M $5@R(L 7M '(X>R(' R> '7M$L(R(6(X(<R '[<;7$: M[MR(;M Y5>M( (5X7>UL 7M '(6
M$L7(' [ M(EU(<$(M >/ 7<@UR <' >UR@UR (X(<RMD < $><RLMR R> R5( @L($('7<4 $5@6
R(LM Y5(L( R5( $><R7<U>UM $5<4(M >/ R5( M74<:M >$$ULL7<4 7< R5( M[MR(; 5X( ((<
7<X(MR74R('& ><:[ LU@R $5<4(M >/ R5( M74<: X:U(M L( $><M7'(L(' 5(L(D 5( M746
<:M L( <> :><4(L L(:6X:U('& UR 5X(  '7M$L(R( X:U( M(RD
7M$L(R(6(X(<R M[MR(;M >$$UL <RUL::[ 7< R5( (<47<((L7<4 @L$R7$(D / R5( $RUR>LM
:79( MY7R$5(M >L X:X(M $< ><:[ 8U;@ (RY((< '7M$L(R( @>M7R7><M R5( 7<@UR M74<: 7M
7<L[ <' R5( M74<: X:U(M ] <' ? L( MM>$7R(' Y7R5 R5( $:>M(' <' R5( >@(<
@>M7R7><D (<M>LM ;[ 7<'7$R( R5R  @5[M7$: EU<R7R[ :79( R5( :7EU7' :(X(: 7<  R<9
>L  X>:R4( (Z$(('M  @L(M$L7(' >U<'D :L; M(<M>LM L( R[@7$: (Z;@:(M />L
MU$5 M(<M>LMD (M7'(M R5(M( '7M$L(R(6X:U(' 7<@URM <' >UR@URM :M> R5( 7<R(L<: MRR(
>/ R5( M[MR(; ;[ ( '7M$L(R(D >L (Z;@:(&  L>>R 4L7@@(L 7M (;@R[ >L 5M 4LM@('
M>;( @LR&  @L>'U$R7>< MR(@ @L(M$L7(' [  L($7@( 5M ((< $LL7(' >UR >L <>RD
^Zi 2O >:CFX>X C, W.)FC6:`W$A. )FC]WFA F5 ,>X)W.].=.d.C] XgX].BX

M R5( '[<;7$: (5X7>UL >/ MU$5 M[MR(;M 7M '(M$L7(' [ R5( $5<4(M >/ R5(
'7M$L(R( M74<: X:U(M& Y57$5 L( $::(' C->9& MU$5 M[MR(;M L( $::(' '7M$L(R(6
(X(<R M[MR(;MD
5(R5(L >L <>R  47X(< '[<;7$: M[MR(; 7M $><M7'(L(' M  '7M$L(R(6(X(<R M[MR(;
'(@(<'M U@>< R5( @UL@>M( >/ R5( 7<X(MR74R7><MD R 7M R[@7$: />L @L>$(MM MU@(LX7M7><
@L>:(;M R5R  LR5(L L>' X7(Y >< R5( M[MR(; (5X7>UL $< ( '>@R(' Y57$5
7M M(' ><  EU:7RR7X( MM(MM;(<R >/ R5( M74<: X:U(MD / R5( MU@(LX7M>L M5>U:'
;9(  L>>R $LL[ >UR  47X(< M(EU(<$( >/ ;>X(;(<RM >L @@:[  $(LR7< L($7@(&
R5(< 7RM '($7M7><M '(@(<' >< '7M$L(R( M74<: X:U(M :79( R5>M( ;(<R7><(' 7< R5( (Z6
;@:(M <'& 5(<$(&  '7M$L(R(6(X(<R X7(Y6@>7<R 7M '(EUR(D >Y(X(L& 7/ M74<:M 5X(
R> L(;7< 7<  <LL>Y R>:(L<$( <'& R5( $><R7<U>UM $5<4(M >/ R5(M( M74<:M 5X(
R> ( $><M7'(L(' <'& R5UM& R5( $><R7<U>UM6M[MR(;M @>7<R >/ X7(Y UM(' 7< R5( @L(6
$('7<4 $5@R(LM 7M @@L>@L7R(D 5( :R(L<R7X( $><M7'(LR7><M >/ R5( R<9 M[MR(; M
 $><R7<U>UM M[MR(; >L M  '7M$L(R( M[MR(; '(;><MRLR(M R5( '(@(<'(<$( >/ R5(
L(@L(M(<RR7>< :(X(: >/  '[<;7$: M[MR(; /L>; R5( RM9 R> ( @(L/>L;('D >R( R5R
R5( R(L;M H$><R7<U>UMI <' H'7M$L(R(I L(/(L R> R5( M74<: M@$(M <'& 5(<$(& R> R5(
'7//(L(<R '(M$L7@R7>< :(X(:MD /  '7MR7<$R7>< 5M R> ( ;'( $><$(L<7<4 R5( R(;@>L:
(5X7>UL& R5( <>R7><M >/ $><R7<U>UM6R7;( <' '7M$L(R(6R7;( M[MR(;M Y7:: ( UM('D
5( R5(>L[ >/ '7M$L(R(6(X(<R M[MR(;M 5M ((< '(X(:>@(' LR5(L M(@LR(:[ Y7R5
L(M@($R R> R5( R5(>L[ >/ $><R7<U>UM6XL7:( M[MR(;MD 5(L(/>L(& R5( MRR( >/ R5( LR
7M '7//(L(<R /L>; Y5R 7M 9<>Y< >UR $><R7<U>UM M[MR(;MD 5( ;7< R5(>L(R7$: L(6
MU:RM $><$(L< R5( ;>'(::7<4& <:[M7M <' MU@(LX7M>L[ $><RL>: >/ '7M$L(R( M[MR(;M&
UR ><:[  /(Y L(MU:RM L( X7::( />L '74<>M7M <' /U:R6R>:(L<R $><RL>:D 57M
7M R5( L(M>< Y5[ R57M $5@R(L $><$(L<M ;7<:[ R5( /U:R '74<>MR7$ @L>:(; <'
@L(M(<RM ;(L(:[ @L(:7;7<L[ L(MU:RM >< /U:R $$>;>'R7>< <' $><RL>: L($><04U6
LR7><D ($R7>< +DO M5>YM 5>Y @L>$(MM MU@(LX7M7>< $< ( ;'( /U:R6R>:(L<RD R
7<X(MR74R(M 5>Y R5( '74<>MR7$ :4>L7R5; $< ( L($><04UL(' /R(L  M(<M>L >L <
$RUR>L /U:R 5M >$$ULL('D 5( '74<>MR7$ M[MR(; L($RM R> MU$5  /U:R [ $5<47<4
R5( ;>'(: UM(' />L '74<>M7M <'& 5(<$(& L(;7<M 7< >@(LR7><D 57M 7M  @L(:7;7<L[
MR(@ R> R5( L>'(L @L>:(; >/ '7M$L(R( $><RL>::(L L($><04ULR7><& Y57$5 5M <>R [(R
((< $><M7'(L(' 7< '(@R5 7< R5( :7R(LRUL( <' MR7:: L(;7<M < >@(< L(M(L$5 @L>:(;D
< ($R7>< +DT ;>'(:M >/ '7M$L(R(6(X(<R M[MR(;M L( 7<RL>'U$('D 5( /ULR5(L 7<X(M6
R74R7>< $><$(L<M ;7<:[ R5( MR>$5MR7$ UR>;R><D ($R7>< +DS 47X(M R5( M>:UR7>< R>
R5( MRR( >M(LXR7>< @L>:(; >/ MR>$5MR7$ UR>;R& Y57$5 @L>X7'(M R5( M7M />L
R5( M>:UR7>< >/ R5( '74<>MR7$ @L>:(; 47X(< 7< ($R7>< +D3D 5( '74<>MR7$ L(MU:R $<
( UM(' R> L($><04UL(  MU@(LX7M>L >/ R5( M[MR(; 7< $$>L'<$( Y7R5 R5( $5<4(M >/
R5( M[MR(; '[<;7$M L>U45R >UR [ R5( /U:R M '(M$L7(' 7< ($R7>< +DOD
2O_ F,.AX F5 ,>X)W.].=.d.C] XgX].BX ^ZI

+3 ($. ( !.-1 5&1 .8.1%.


6?62 =8.*/*9=* / /1/)=8.*/*9=* 9D9=.9

57M M($R7>< (Z@:7<M R5( M7$ '[<;7$: @L>@(LR7(M >/ '7M$L(R(6(X(<R M[MR(;M <'
M5>YM 5>Y MU$5 M[MR(;M $< ( '(M$L7('D R (ZR(<'M R5( L7(/ 7<RL>'U$R7>< 47X(< 7<
($R7>< SDPD

*98=)A-@ 9*'/-96 5( '7M$L(R( 7<@UR& MRR( <' >UR@UR >/ R5( M[MR(; L( '(6
<>R(' [ R5( M[;>:M U& Z <' VD 5(7L '7M$L(R( X:U( M(RM L( (<U;(LR(' M />::>YM%
U ) I  #"( 1( EEE(  $
Z ) M  #"( 1( EEE(  $
V ) J  #"( 1( EEE( $
A$/D 74D SDS >< @D 1OBD R 7M MMU;(' R5R R5( <U;(LM  &  >L  L( 0<7R(D
< >L'(L R> UM( R5(M( M[;>:7$ X:U(M& 7< ;<[ @@:7$R7><M R5( @5[M7$: XL7:(M
5X( R> ( (<$>'('D >L (Z;@:(& 7/  R<9 M[MR(; Y7R5 3 ><Q>// X:X(M 7M $><M7'(L('&
R5( 7<@UR $< ( L(@L(M(<R(' [  36X($R>L 7 Y5>M( 46R5 $>;@><(<R '(M$L7(M R5(
@>M7R7>< >/ R5( 46R5 X:X(D M ($5 $>;@><(<R $< MMU;( (7R5(L R5( X:U( ] >L ?&
Y57$5 '(M$L7(M R5( $:>M(' >L R5( >@(< X:X(& 7 5M ><( >/ ?P '7//(L(<R X:U(MD 5(M(
?P X:U(M L( L(@L(M(<R(' 7< R5( />::>Y7<4 [  M$:L 7<@UR M[;>: U Y7R5 R5( X:U(
M(R I  #"( 1( EEE( "-$D > '> M>&  ;@@7<4 /L>; R5( M(R >/ R5( ?P X:U(M >/ 7 ><R>
R5( M(R I 5M R> ( '(0<('D
X(L[ $5<4( >/ R5( M[;>:7$ X:U( >/ U& Z >L V 7M $::(' < (X(<RD >L (Z;@:(&
7/ R5( MRR( 8U;@M /L>; R5( X:U( 6 R> R5( X:U( 4&  MRR( (X(<R '(<>R(' [ +,- >$$ULMD
< 74D SD3 >< @D 1+ R5( (X(<RM + , <' +,. L( ;L9('D

1'*- (A*1@86 5( (X(<RM >$$UL R R5( R7;( 7<MR<RM P. Y57$5 L( (<U;(LR('
A7  4( "( 1( EEEBD < R5( />::>Y7<4 ><:[ R5( <U;(L 7 >/ R5( (X(<R 7M $><M7'(L(' UR
<>R R5( $RU: R7;( P. D 5R 7M& R5( ;>'(:M UM(' L( $::(' U<R7;(' >L :>47$:D 5([
'(M$L7( 7< Y57$5 >L'(L R5( (X(<RM >$$UL UR R5([ M[ <>R57<4 >UR R5( R(;@>L:
'7MR<$( >/ R5(M( (X(<RMD
5( ;>R7XR7>< />L UM7<4 U<R7;(' ;>'(:M 7M RY>/>:'D 7LMR& R5( M7$ 7'(M >/ '76
4<>M7M <' /U:R6R>:(L<R $><RL>: >/ '7M$L(R(6(X(<R M[MR(;M $< ( (Z@:7<(' [ UM6
7<4 U<R7;(' ;>'(:M& Y57$5 L( ;U$5 M7;@:(L R5< R7;(' ;>'(:MD ZR(<M7><M >/ R5(
;(R5>'M R> R7;(' ;>'(:M L( ;(<R7><(' 7< R5( 7:7>4L@57$: <>R(MD ($><'& 7<
;<[ @L$R7$: $7L$U;MR<$(M& R5( U<R7;(' ;>'(: [7(:'M R5( Y<R(' L(MU:RMD >L (Z6
;@:(& />L ;<[ '7M$L(R(6(X(<R M[MR(;M /U:RM $< ( '(R($R(' 'U( R> R5( $5<4( >/
R5( >L'(L 7< Y57$5 R5( (X(<RM >$$UL <' <> R(;@>L: 7</>L;R7>< 7M <($(MML[D
>L L(:6R7;( @@:7$R7><M&  M[<$5L><7MR7>< >/ R5( L(MU:RM >R7<(' />L R5( U<6
R7;(' ;>'(: Y7R5 R5( 47X(< M[MR(; 7M <($(MML[D 57M @L>:(; $< ( (M7:[ M>:X('
[ UM7<4 L($ULM7X( :4>L7R5;M R5R @L>$(MM (X(L[ ;(MUL(' (X(<R R R5( R7;( >/ 7RM
>$$ULL(<$(D 5(< R5( R7;( 7<MR<RM 7< Y57$5 R5( :4>L7R5;M 5X( R> $LL[ >UR R5( <(ZR
MR(@ 7M @L(M$L7(' [ R5( R7;( 7<MR<R 7< Y57$5 < (X(<R 7M ;(MUL('D
^Z_ 2O >:CFX>X C, W.)FC6:`W$A. )FC]WFA F5 ,>X)W.].=.d.C] XgX].BX

 '7M$L(R( M74<: $< ( '(M$L7(' (7R5(L [ R5( M(EU(<$( >/ (X(<RM R5R 7R 4(<(LR(M
>L [ R5( M(EU(<$( >/ '7M$L(R( X:U(M R5R 7R MMU;(M (RY((< RY> MU$$(MM7X( (X(<RMD
5( M74<: '(@7$R(' 7< 74D SD3 4(<(LR(M R5( (X(<R M(EU(<$(
+,. ( + , ( +, ( +., ( +,. ( + , (
UR 7R $< :M> ( '(M$L7(' [ R5( M(EU(<$( >/ '7M$L(R( X:U(M
1( /( "( /( 1( /( "
R> Y57$5 7R 8U;@MD < R5( :RR(L L(@L(M(<RR7><& R5( 47X(< '7M$L(R( X:U( 7M MMU;('
[ R5( M74<: (RY((< RY> MU$$(('7<4 (X(<R R7;(M P. Y5(L( R5( 76R5 X:U( U$7% 7M
X:7' />L R5( R7;( 7<R(LX:
P. ( P.$ %D
< R5( />::>Y7<4& R5( M($><' />L; >/ M74<: L(@L(M(<RR7>< Y7:: ( UM('D 5( M(6
EU(<$( >/ '7M$L(R( X:U(M R5R R5( 7<@UR& MRR( >L >UR@UR MMU;(M />L  47X(< R7;(
5>L7\>< 7+ 7M '(<>R(' [
 $4 EEE 7+ %  $U$4%( U$"%( U$1%( EEE( U$7+ %%
!$4 EEE 7+ %  $Z$4%( Z$"%( Z$1%( EEE( Z$7+ %%
 $4 EEE 7+ %  $V$4%( V$"%( V$1%( EEE( V$7+ %% (
Y5(L( R5( M(EU(<$(M L( (:(;(<RM >/ R5( @L>'U$R M@$(M >/ R5( M(RM I & M >L J D
>L (Z;@:( />L R5( 7<@UR M(EU(<$(  $4 EEE 7+ % R5( L(:R7><
 $4 EEE 7+ % ) I. $  I 5 I 5 EEE 5 I
  
$7+ '"%4R7;(M
5>:'MD 5( MRR( M(EU(<$( 7< 74D SD3 7M 47X(< [
!$4EEE-%  $1( /( "( /( 1( /( "% ) #"( 1( /$) E
M R5( 7<@UR& MRR( >L >UR@UR (X(<RM $< >$$UL M[<$5L><>UM:[& R5( $>U<R(L 7 7M '(6
0<(' 7< MU$5  Y[ R5R 7R $>U<RM :: (X(<RM 7<'(@(<'(<R:[ >/ Y5(R5(L R5( (X(<R
7M 4(<(LR(' [ R5( 7<@UR& MRR( >L >UR@UR M74<: A:(/R @LR >/ 74D +D?BD 5(L(/>L(&
><( M74<: ;[ 4(<(LR( < (X(<R Y57:( <>R5(L M74<: L(;7<M $><MR<R R R57M (X(<R
R7;(D M  $><M(EU(<$(& R5( M(EU(<$(M  & ! <'  $< 7<$:U'( L(@(R7R7><M >/ M74<:
X:U(M :79( R5( MRR( M(EU(<$( !$4 EEE /%  $"( "( ( %D
< >L'(L R> M7;@:7/[ R5( $><M7'(LR7><& 7R 7M MMU;(' 7< R57M $5@R(L R5R R5( (X(<RM
>$$UL M[<$5L><>UM:[D 5R 7M& R5( MRR( $< ><:[ $5<4( 7/ R5( 7<@UR $5<4(M& Y57$5&
R R5( M;( R7;(& L(MU:RM 7<  $5<4( >/ R5( >UR@URD (@(R7R7><M >/ R5( M[;>:M 7<'76
$R( R5R <> HL(:I (X(<R >$$ULM UR  M74<: L(;7<M $><MR<RD

=8.*/*9=* / /1/)=8.*/*9=* 9D9=.96 R R7;( 7  4 R5( '7M$L(R( M[MR(;


7M 7< MRR( Z$4% <' >R7<M R5( 7<@UR U$4% A74D SDS <' +D?BD 5( MRR( 8U;@M R> R5(
<(ZR X:U( Z$"% <' R5( >UR@UR V$"% 7M 47X(<D <'(L R5( <(ZR 7<@UR U$"% R5( M[MR(;
$5<4(M 7RM MRR( /L>; Z$"% R> Z$1% <' M> ><D < R57M Y[& />L  47X(< 7<7R7: MRR(
<' 7<@UR M(EU(<$(  $4 EEE 7+ % R5( MRR( M(EU(<$( !$4 EEE 7+ % <' >UR@UR M(EU(<$(
 $4 EEE 7+ % L( 4(<(LR(' [ R5( '7M$L(R(6(X(<R M[MR(;D
2O_ F,.AX F5 ,>X)W.].=.d.C] XgX].BX ^Z^

 
 
 
 

 
 
 
 

 
 
 
 

      
         

+ +'+ XgC)<WFCF`X LA.5]M C, XgC)<WFCF`X LW>:<]M >CK`]+ X]]. C,
F`]K`] X.Q`.C).X

>L '(R(L;7<7MR7$ M[MR(;M& R5( 4(<(LR(' MRR( <' >UR@UR M(EU(<$(M ! <'  L(
U<7EU(:[ '(0<(' [ R5( 7<7R7: MRR( Z$4% <' R5( 7<@UR M(EU(<$(  D  MR<'L' />L;
/>L '(M$L77<4 '(R(L;7<7MR7$ M[MR(;M 7M R5( UR>;R><& Y57$5 Y7:: ( 7<RL>'U$(' 7<
($R7>< +DTDTD
>L <><6'(R(L;7<7MR7$ M[MR(;M R5(M( M(EU(<$(M L( <>R U<7EU( UR R5( M[MR(;
;[ 4(<(LR( <[ M(EU(<$(M >/ R5( M(RM $Z$4%(  % <' $Z$4%(  %D 57M <><6
'(R(L;7<7M; 5M R> ( U<'(LMR>>' 7< R5( />::>Y7<4 Y 5( L(: M[MR(; U<'(L $><6
M7'(LR7>< 5M  U<7EU( @(L/>L;<$(& ($UM( 7R $<<>R MMU;( '7//(L(<R MRR(M R
R5( M;( R7;(D (<$(& />L  47X(< 7<7R7: MRR( <'  47X(< 7<@UR M(EU(<$(& < U<;6
74U>UM MRR( M(EU(<$( <' < U<;74U>UM >UR@UR M(EU(<$( >$$ULD >Y(X(L& 7/ R5(
M[MR(; 7M L>U45R 7<R> R5( 47X(< 7<7R7: MRR( Z$4% />L M(X(L: R7;(M <' 4(RM (X(L[
R7;( R5( M;( 7<@UR M(EU(<$(  & R5(< R5( 4(<(LR(' MRR( <' >UR@UR M(EU(<$(M ;[
'7//(LD 5R 7M& 7R 7M <>R @>MM7:( R> @L('7$R R5(M( M(EU(<$(M U<;74U>UM:[D 57M 7M
R5( L(M>< Y5[ R5( M[MR(; 7M $::(' <><6'(R(L;7<7MR7$D
5( ;>'(: UM(' R> <:[M( R57M M[MR(; 5M R> '(M$L7( R5( M(RM $Z$4%(  % <'
$Z$4%(  % >/ @>MM7:( M(EU(<$(M ! <'  /L>; Y57$5 R5( L(: M[MR(; HM(:($RMI
><( M(EU(<$( R ($5 R7;( R5R 7R 7M L>U45R 7<R> R5( 7<7R7: MRR( Z$4% <' >R7<M
R5( 7<@UR M(EU(<$(  D U$5 ;>'(: 5X( R5( />L; >/& />L (Z;@:(& <><6'(R(L;7<7MR7$
UR>;R >L (RL7 <(RM& Y57$5 Y7:: ( 7<RL>'U$(' 7< ($R7>< +DTDT >L >/ MR>$5MR7$
UR>;R (Z@:7<(' 7< ($R7>< +DTDSD
^Z9 2O >:CFX>X C, W.)FC6:`W$A. )FC]WFA F5 ,>X)W.].=.d.C] XgX].BX

6?6? 1/)=8.*/*9=* @=1.= / =8* /=9

57M <' R5( <(ZR M($R7>< 7<RL>'U$( ;>'(:M Y57$5 $< ( UM(' R> '(M$L7( R5( L(:6
R7>< (RY((< R5( 7<7R7: MRR( Z$4% <' R5( 7<@UR M(EU(<$(  $4 EEE 7+ % >< R5( ><( 5<'
<' R5( MRR( M(EU(<$( !$4 EEE 7+ % <' >UR@UR M(EU(<$(  $4 EEE 7+ % R5R R5( '7M$L(R(
M[MR(; 4(<(LR(M >< R5( >R5(L 5<'D

=8.*/*9=* @=1.=6 5( '(R(L;7<7MR7$ UR>;R><


  $ M ( I ( J ( (
( Z2 %
5M R5( MRR( M(R M & R5( 7<@UR M(R I A:M> $::(' R5( 7<@UR :@5(RB <' R5( >UR@UR
M(R J A:M> $::(' R5( >UR@UR :@5(RBD  <'
L( R5( MRR( RL<M7R7>< /U<$R7><
<' R5( >UR@UR /U<$R7><& Y57$5 '(R(L;7<( R5( MU$$(MM>L MRR( >L >UR@UR 7< R5( />::>Y6
7<4 Y[%
  M 5 I  M ( Z   $Z( U% A+D?B

 M 5 I  J ( V 
$Z( U% E A+DTB
< R57M <>RR7><& Z& U <' V L( R5( X:U(M >/ R5( MRR(& 7<@UR <' >UR@UR R R7;( 7
<' Z  '(<>R(M R5( MU$$(MM>L MRR( >$$ULL7<4 R R7;( 7 ' "D 5(M( M[;>:M L( UM(' 7/
R5( R7;( 7 7M <>R 7;@>LR<R />L R5( <:[M7M >/ R5( ;>X(;(<R Z  Z  >/ R5( M[MR(;&
Y57$5 >$$ULM R <[ R7;( 7 7< Y57$5 R5( M[MR(; 7M 7< MRR( Z <' >R7<M R5( 7<@UR UD
>L 47X(< 7<7R7: MRR( Z2 <' 7<@UR M(EU(<$(  $4 EEE 7+ % R5([ [7(:' R5( MRR( M(6
EU(<$( !$4EEE7+ ' "% <' >UR@UR M(EU(<$(  $4 EEE 7+ % [ L($ULM7X( @@:7$R7>< M
/>::>YM%
Z$7'"%  $Z$7%( U$7%% ( Z$4%  Z2 A+DSB
V$7% 
$Z$7%( U$7%% E A+D3B
>R( R5R R5( MRR( M(EU(<$( 5M ><( (:(;(<R ;>L( R5< R5( 7<@UR <' >UR@UR M(6
EU(<$(MD >L 7<X(MR74R7><M Y5(L( R57M /$R 7M 7;@>LR<R& R5( :(<4R5 >/ R5( M(EU(<$(M
 $4 EEE 7+ %& !$4EEE7+'"% <'  $4 EEE 7+ % L( (Z@:7$7R:[ 47X(<& Y5(L(M >R5(LY7M( R5(
M(EU(<$(M L( '(<>R(' ;(L(:[ [  & ! <'  D
 <7$( 4L@57$: 7<R(L@L(RR7>< 7M R5( A>/,>/- %82&& Y5>M( X(LR7$(M '(@7$R R5(
MRR(M Z ) M <' Y5>M( ('4(M M5>Y 5>Y R5( MRR( >/ R5( UR>;R>< $< $5<4(
A74D +DTBD 5( :(:M MM>$7R(' Y7R5 R5( L$M '(M$L7( R5( 7<@UR U U<'(L Y57$5 R5(
MRR( $5<4( >$$ULM <' R5( >UR@UR V R5R R5( UR>;R>< 4(<(LR(M Y57:( $5<47<4
R5( MRR(D 5( 7<7R7: MRR( 7M ;L9(' [ < LL>Y <>R (;(L47<4 /L>; <[ >R5(L X(LR(ZD
>L  47X(< 7<7R7: MRR( Z2 <' 7<@UR M(EU(<$(  & R5( '[<;7$: (5X7>UL >/ R5(
UR>;R>< 7M L(@L(M(<R(' [ R5( @R5 R5L>U45 R5( UR>;R>< 4L@5 R5R MRLRM 7< R5(
X(LR(Z Z2 <' Y5>M( ('4(M L( MM>$7R(' Y7R5 R5( 7<@UR @L(M$L7(' [  D
R 7M >/R(< MMU;(' R5R R5( /U<$R7><  <'
L( $>;@:(R(:[ '(0<('& R5R 7M& R5([
'(M$L7( Z$7'"% >L V$7%& L(M@($R7X(:[& />L :: Z$7% ) M <' :: U$7% ) I D 5(<&
7< R5( UR>;R>< 4L@5 R5(L( ;UMR (Z7MR />L (X(L[ MRR( Z <' (X(L[ 7<@UR U < ('4(
/L>; Z R>YL'M <>R5(L MRR( AY57$5 7M '(<>R(' [ Z  B R5R 7M :(::(' [ U <' [
M>;( >UR@UR VD < 74D +DT R5(M( :(:M L( 47X(< ><:[ />L M>;( >/ R5( ('4(MD >R(
2O_ F,.AX F5 ,>X)W.].=.d.C] XgX].BX ^Z7

      

      
      
      

      

      

+ +2+ `]FB]FC :WK< F5  ,.].WB>C>X]>) `]FB]FC e>]<   0+


  - C,   -

R5R 7/ ><:[ ><( ('4( :(X(M  MRR(& R57M ('4( ;UMR ( :(::(' Y7R5 :: 7<@UR X:U(M
U ) I :79( R5( ('4( 1  / 7< R5( 04UL(D
5( UR>;R>< 7M '(R(L;7<7MR7$ ($UM( R5( MRR( <' R5( 7<@UR U<;74U>UM:[
'(R(L;7<( R5( ('4( <'& 5(<$(& R5( MU$$(MM>L MRR( <' >UR@URD >L (Z;@:(& 7/ R5(
UR>;R>< 7< 74D +DT 7M 7< MRR( ?& '(@(<'7<4 >< R5( 7<@UR U ) #"( 1$ R5( UR>;R><
4>(M (7R5(L R>YL'M MRR( T >L R>YL'M ?]D

1/)=8.*/*9=* @=1.=1/6 < R5( <><6'(R(L;7<7MR7$ UR>;R><


 $ M ( I ( J ( 4 ( Z2 %
7<MR(' >/ R5( /U<$R7><M  <'
R5( /U<$R7><
4  M 5 J 5 M 5 I  #4( "$
>$$ULMD R '(M$L7(M />L (X(L[ 47X(< MRR( Z <' 7<@UR U Y57$5 MU$$(MM>L MRR( Z  $<
( MMU;(' Y57:( 4(<(LR7<4 R5( >UR@UR VD 57M /U<$R7>< '(M$L7(M R5( (5X7>UL
>/ R5( UR>;R>< 7< R(L;M >/ :: 36RU@:(M $Z  ( V( Z( U% R5R L( $><M7MR(<R Y7R5 R5(
UR>;R>< <' />L; R5( M(R
$4 %  #$Z  ( V( Z( U%  4 $Z  ( V( Z( U%  "$ < M 5 J 5 M 5 I E A+D1B
M R5( M(R A+D1B 7M& ;R5(;R7$::[&  8+>(/-& R5( /U<$R7>< 4 7M $::(' &C(/A8+
8+>(/- >/ R5( <><6'(R(L;7<7MR7$ UR>;R><D
5( '(M$L7@R7>< >/ R5( '[<;7$: (5X7>UL >/  <><6'(R(L;7<7MR7$ UR>;R>< '7/6
/(LM /L>; R5R >/  '(R(L;7<7MR7$ UR>;R>< 47X(< [ EMD A+DSB <' A+D3BD <MR('
>/  U<7EU( MU$$(MM>L MRR( Z  <' >UR@UR V& R5( (5X7>UL: L(:R7>< 4 [7(:'M R5(
/>::>Y7<4 M(RM >/ @>MM7:( MU$$(MM>L MRR(M <' >UR@UR X:U(M />L R5( $ULL(<R MRR(
Z$7% <' 7<@UR U$7%%
$Z$7%( U$7%%  #Z   +V ) J MU$5 R5R 4 $Z  ( V( Z$7%( U$7%%  "$ ( A+DPB
$Z$7%( U$7%%  #V  +Z  ) M MU$5 R5R 4 $Z  ( V( Z$7%( U$7%%  "$ E A+DOB
74UL( +DS '(@7$RM  @LR >/ R5( UR>;R>< 4L@5 >/  <><6'(R(L;7<7MR7$ UR>;R><D
R M5>YM R5R />L R5( 7<@UR U  " R5( MRR( ;[ $5<4( /L>; ? R>YL'M T >L R>YL'M
^Z[ 2O >:CFX>X C, W.)FC6:`W$A. )FC]WFA F5 ,>X)W.].=.d.C] XgX].BX

      
       
      
       
 




+ +1+ W] F5 ]<. `]FB]FC :WK< F5  CFC=,.].WB>C>X]>) `]FB]FC

?]& Y5(L(M />L U  1 ><:[ R5( MRR( RL<M7R7>< "  1 $< >$$ULD 5( MRR( $5<4(
/L>; ? R> ?] ;[ (7R5(L $UM( R5( >UR@UR V  " >L R5( >UR@UR V  1D Z;@:(M />L
R5( M(RM '(0<(' 7< EMD A+DPB <' A+DOB L( R5( />::>Y7<4%
$( "%  #1( "4$
$"( 1%  #1$E
/ R5( (5X7>UL: L(:R7>< 4 MM>$7R(M Y7R5 ($5 @7L Z& U  U<7EU( MU$$(MM>L
MRR( Z  <' >UR@UR V 7R $< ( L(@L(M(<R(' [  MRR( RL<M7R7>< /U<$R7><  <' <
>UR@UR /U<$R7><
<' R5( <><6'(R(L;7<7MR7$ UR>;R>< ($>;(M '(R(L;7<7MR7$D

8,1A 38138=D6 >R5 R5( '(R(L;7<7MR7$ <' R5( <><6'(R(L;7<7MR7$ UR>;R>< @>M6
M(MM < 7;@>LR<R @L>@(LR[& Y57$5 7M L(/(LL(' R> M R5( 8*/C 28/28>FD 57M @L>@6
(LR[ ;(<M R5R R5( MU$$(MM>L MRR( Z$7'"% '>(M ><:[ '(@(<' U@>< R5( $ULL(<R MRR(
Z$7% <' R5( $ULL(<R 7<@UR U$7%D R '>(M <>R '(@(<' >< R5( Y5>:( MRR( M(EU(<$(
!$4EEE7% >L R5( Y5>:( 7<@UR M(EU(<$(  $4EEE7% R5R R5( UR>;R>< 5M 4(<(LR(' >L
>R7<(' U<R7: R7;( 7& UR ><:[ >< R5( MRR( <' 7<@UR R R7;( 7D 5( L9>X @L>@(LR[
;9(M 7R @>MM7:( R> 0<' R5( L($ULM7X( L(:R7><M A+DSB <' A+DPB >R5 >/ Y57$5 L( 
L(:R7>< (RY((< R5( <(ZR MRR( Z$7 ' "% <' R5( $ULL(<R MRR( Z$7% <' 7<@UR U$7%
><:[D < $M( >/ R5( <><6'(R(L;7<7MR7$ UR>;R><& R57M L(:R7>< '>(M <>R '(R(L;7<(
R5( /URUL( MRR( U<;74U>UM:[& UR 7R 0Z(M R5( M(R >/ /URUL( MRR(MD >R( R5R R5( M(R
$Z$7%( U$7%% 47X(< 7< ED A+DPB '(@(<'M ;(L(:[ U@>< Z$7% <' U$7%D
< @@:7$R7><M& R5( EU(MR7>< Y5(R5(L >L <>R R5( M[MR(; U<'(L 7<X(MR74R7>< @>M6
M(MM(M R5( L9>X @L>@(LR[ '(@(<'M U@>< R5( '(0<7R7>< >/ R5( MRR( ZD >U45:[
M@(97<4& 7/ R5( MRR( Z 7<$:U'(M :: R5( 7</>L;R7>< >UR R5( M74<:M U@ R> R7;( 7
Y57$5 7M <($(MML[ R> '(R(L;7<( R5( /URUL( (5X7>UL >/ R5( M[MR(;& R5(< R5( /URUL(
MRR( $< ( L(@L(M(<R(' ><:[ 7< R(L;M >/ R5( $ULL(<R MRR( Z$7% <' R5(L( 7M <> <(('
R> L(/(L R> (L:7(L MRR(M >L 7<@UR X:U(M >$$UL7<4 7< R5( M(EU(<$(M !$4EEE7 4 "% >L
 $4EEE7 4 "%D > '(0<( R5( MRR( @@L>@L7R(:[ 7M < 7;@>LR<R ;>'(::7<4 MR(@D

=(8 .1-9 1" /1/)=8.*/*9=* 9D9=.96 UR>;R L( < 7;@>LR<R ;(<M />L
'(M$L77<4 '7M$L(R(6(X(<R M[MR(;M& UR R5([ L( <>R R5( ><:[ />L; >/ '7M$L(R( ;>'(:MD
5( (5X7>UL: L(:R7>< 4 $< ( L(@L(M(<R(' 7< '7//(L(<R YD >L (Z;@:(& 7R 7M
@>MM7:( R> '(M$L7( R5( /$R
2O_ F,.AX F5 ,>X)W.].=.d.C] XgX].BX ^ZZ

$Z$7'"%  Z  ( V$7%  V( Z$7%  Z( U$7%  U% ) $4 %


[ :>47$ />L;U:( :79(
$Z$7%  Z% 0 $U$7%  U%  $V$7%  V% 0 $Z$7'"%  Z  % (
Y5(L( R5( (Z@L(MM7><M 7< R5( @L(<R5(M(M L( :>47$ MM(LR7><MD <>R5(L @>MM77:7R[ 7M
R> '(M$L7( R57M L(:R7>< [  (RL7 <(RD < R5( (Z;@:( <(R 47X(< 7< 74D +D3& $7L$U:L
X(LR7$(M '(<>R( @:$(M <' :$9 >Z(M RL<M7R7><MD 5( '[<;7$M >/ R5( <(R 7M '(6
M$L7(' 7< R(L;M >/ R5( ;>X(;(<R >/ R5( R>9(<MD < R5( 04UL(& R5( @:$(M ?& P <' O
L( ;L9(' [ ><( R>9(< ($5& Y57$5 L( L(@L(M(<R(' [ :$9 U::(RMD  RL<M7R7><
7M (<:(' R> MY7R$5 7/ :: @L('($(MM>L @:$(M L( ;L9(' :79( R5( RL<M7R7><M ?& T <'
1 7< R5( 04UL(D /  RL<M7R7>< MY7R$5(M& R5( R>9(<M ;>X( /L>; R5( @L('($(MM>L @:$(M
R5L>U45 R5( RL<M7R7>< <' ;L9 :: MU$$(MM>L @:$(MD 5( H0L7<4I >/  RL<M7R7><
L(@L(M(<RM < (X(<RD




 
 
   




+ ++  .]W> C.]

 <><6'(R(L;7<7MR7$ (5X7>UL >$$ULM 7/& 7< R5( (Z;@:(& @:$( T 7M ;L9(' /R(L
RL<M7R7>< ? 5M 0L(' <'& 5(<$(& >R5 R5( RL<M7R7><M S <' 3 L( (<:('D <:[ ><(
RL<M7R7>< ;[ L(::[ MY7R$5& UR R5( ;>'(: '>(M <>R 0Z Y57$5 >/ R5( RY> RL<M7R7><M
7M M(:($R('D
(RL7 <(RM @L>X7'(  ;>L( $><$7M( L(@L(M(<RR7>< >/ <><6'(R(L;7<7MR7$ M[MR(;M 7/
R5( <><6'(R(L;7<7M; L(/(LM R> R5( /$R R5R @LR7$U:L (X(<RM ;[ >$$UL 7< '7//(L(<R
>L'(LD < R5( 04UL( R5( RL<M7R7><M T <' 1 L( >R5 (<:(' <' R5( (RL7 <(R '>(M <>R
'(M$L7( 7< Y57$5 >L'(L R5(M( RL<M7R7><M Y7:: 0L(D 7R5(L RL<M7R7>< T >L RL<M7R7>< 1
MY7R$5(M 0LMRD 57M ($>;(M 7<RU7R7X(:[ $:(L /L>; R5( 4L@57$: L(@L(M(<RR7><D
>Y(X(L& (RL7 <(RM '> <>R 7<RL>'U$( /U<';(<R::[ <(Y @5(<>;(< $>;@L(' R>
UR>;RD < /$R& R5([ $< ( RL<M/>L;(' 7<R> UR>;R Y7R5 @L($7M(:[ R5( M;(
'[<;7$: (5X7>ULD 5(L(/>L(& UR>;R L( UM(' 7< R5( />::>Y7<4 R> '(M$L7(
'7M$L(R(6(X(<R M[MR(;MD
^Z2 2O >:CFX>X C, W.)FC6:`W$A. )FC]WFA F5 ,>X)W.].=.d.C] XgX].BX

6?6> =1(9=* 381999 / @=1.=


5( MR>$5MR7$ UR>;R 7<RL>'U$(' 7< R57M M($R7>< (ZR(<' R5( '(M$L7@R7>< >/ <><6
'(R(L;7<7MR7$ '7M$L(R(6(X(<R M[MR(;M 7< MU$5  Y[ R5R R5( /L(EU(<$[ >/ R5( >$$UL6
L(<$( >/ R5( '7//(L(<R (X(<RM $< ( MM(MM('D 5([ @L>X7'( X(L[ UM(/U: ''7R7><:
7</>L;R7><& ($UM( <><6'(R(L;7<7MR7$ M[MR(;M >/R(< @L>'U$(  :L4( M(R >/ '7//(L6
(<R MRR( <' >UR@UR M(EU(<$(M& UR 7< @L$R7$( R5(M( M(RM '> [ <> ;(<M >$$UL Y7R5
R5( M;( /L(EU(<$[D < ;<[ @@:7$R7><M R5(L( L( <U;(L>UM M(EU(<$(M R5R $<<>R
( $>;@:(R(:[ 74<>L(' <' 5X( R> ( '(M$L7(' [ R5( <><6'(R(L;7<7MR7$ UR>;R><
7< >L'(L R> ;((R R5( L(EU7L(;(<R R5R R5( ;>'(: $< 4(<(LR( :: MRR( <' >UR@UR
M(EU(<$(M R5R R5( M[MR(; U<'(L $><M7'(LR7>< ;[ 4(<(LR(D >Y(X(L& R5([ >$$UL
X(L[ M(:'>; <' R57M ''7R7><: 7</>L;R7>< M5>U:' :M> ( @L>X7'(' [ R5( ;>'(:D
5( />::>Y7<4 (Z@:7<M 5>Y <><6'(R(L;7<7MR7$ UR>;R $< ( MM>$7R(' Y7R5
R5( @L>7:7R7(M R5R R5( '7//(L(<R M(EU(<$(M >$$ULD 7LMR& R5( <>R7>< >/  MR>$5MR7$
@L>$(MM 5M R> ( (Z@:7<('D

=1(9=* 3819996 M '7M$UMM(' 7< ($R7>< +DTD?& R($5<>:>47$: M[MR(;M 4(<6


(LR(& />L  47X(< 7<7R7: MRR( <' 7<@UR M(EU(<$(& U<;74U>UM MRR( <' >UR@UR
M(EU(<$(MD >Y(X(L& R <[ R7;( R5R MU$5  M[MR(; 7M L>U45R 7<R> R5( 47X(< 7<7R7:
MRR( <' >R7<M R5( 47X(< 7<@UR M(EU(<$( AY57$5 7M :M> L(/(LL(' R> M < H(Z@(L76
;(<RI 7< @L>7:7R[ R5(>L[B& R5( 4(<(LR(' MRR( <' >UR@UR M(EU(<$(M A:M> $::('
HL(:7MR7><MIB ;[ ( '7//(L(<R /L>; R5( M(EU(<$(M 4(<(LR(' (/>L(D 5(L(/>L(&
<[ ;>'(: $< ><:[ @L('7$R M>;( M(RM $Z2 (  % <' $Z2 (  % >/ @>MM7:( MRR( <'
>UR@UR M(EU(<$(M LR5(L R5< R5( $RU: MRR( <' >UR@UR M(EU(<$(D 57M 7M Y5[ R5(
M[MR(; 7M $::(' <><6'(R(L;7<7MR7$D
 MR>$5MR7$ @L>$(MM 7M  <><6'(R(L;7<7MR7$ M[MR(; />L Y57$5 R5( MRR( <' >UR@UR
M(EU(<$(M L( 4(<(LR(' Y7R5  $(LR7< @L>7:7R[D RM <><6'(R(L;7<7M; 7M <>R ><:[
$><M7'(L(' 7< R(L;M >/ R5( M(RM $Z2 (  % <' $Z2 (  % UR :M> 7< R(L;M >/ R5(
/L(EU(<$[ Y7R5 Y57$5 R5( '7//(L(<R (:(;(<RM >/ R5(M( M(RM L( 4(<(LR('D >;( >/
R5(; ;[ >$$UL X(L[ >/R(< Y5(L(M >R5(LM >$$UL LL(:[D

    
    
    
   
+ ++ ]F)<X]>) KWF).XX

5( M[;>:M U8 & Z8 <' V8 L( UM(' R> '(<>R( R5( L<'>; XL7:(M >/ R5( 7<@UR&
MRR( <' >UR@UR >/ R5( MR>$5MR7$ @L>$(MMD 5([ L( MR>$5MR7$ XL7:(M& R5R 7M& XL76
:(M Y5>M( X:U(M L( '(R(L;7<(' [ $5<$(D < (X(L[ (Z@(L7;(<R R5(M( XL7:(M
MMU;( X:U(M /L>; R5( M(RM I & M >L J & L(M@($R7X(:[ A74D +D1BD M R5( L<4(M
>/ R5(M( XL7:(M <' R5( R7;( 7 L( '7M$L(R(& R5( @L>$(MM 7M $::(' ;>L( @L($7M(:[ 
(98> 9>/&9>( 28/99D
5( MR>$5MR7$ UR>;R>< M5>U:' '(M$L7( R5( @L>7:7R[ Y7R5 Y57$5 R5( '7//(L6
(<R M(EU(<$(M >$$UL />L  47X(< MR>$5MR7$ @L>$(MMD > '> M>& 7R 5M R> L(@L(M(<R
2O_ F,.AX F5 ,>X)W.].=.d.C] XgX].BX ^ZD

R5( 4(<(LR7>< :Y U<'(L:[7<4 R5( MR>$5MR7$ @L>$(MMD (/>L( />L;::[ 7<RL>'U$7<4
R5( MR>$5MR7$ UR>;R><& R5( 4(<(LR7>< :Y >/ R5( $><M7'(L(' $:MM >/ MR>$5MR7$
@L>$(MM(M 5M R> ( $5L$R(L7M('D
 '7M$L(R( MR>$5MR7$ @L>$(MM 7M '(0<(' [ R5( @L>7:7R[ Y7R5 Y57$5  $(LR7<
MRR( $5<4( @@(LM <' < >UR@UR M[;>: >$$ULM R R7;( 7 />L  47X(< M(EU(<$( >/
7<@UR M[;>:MD < 4(<(L: R57M @L>7:7R[ '(@(<'M >< R5( M(EU(<$( >/ MRR(M U@ R>
R7;( 7 <' 7M R5UM '(M$L7(' [ R5( $><'7R7><: @L>7:7R[
 7 &
Z8 $7'"%  Z$7'"%( 77 Z8 $4%  Z$4%( EEE( Z8 $7%  Z$7%(
)! 7 E
V8 $7%  V$7% 7 U8 $4%  U$4%( EEE( U8 $7%  U$7%
< R5( />::>Y7<4 ><:[ R5>M( MR>$5MR7$ @L>$(MM(M L( $><M7'(L(' R5R @>$(MM R5(
8*/C 28/28>FD >L MU$5 @L>$(MM(M R5( L(:R7><
)! $Z8 $7'"%  Z$7'"%( V8 $7%  V$7% ! Z8 $7%  Z$7%( U8 $7%  U$7%% A+D+B
 7 &
Z8 $7'"%  Z$7'"%( 77 Z8 $4%  Z$4%( EEE( Z8 $7%  Z$7%(
 )! 7
V8 $7%  V$7% 7 U8 $4%  U$4%( EEE( U8 $7%  U$7%
5>:'M />L :: 7& Z$7 ' "%( Z$7%( EEE( Z$4%& V$7%& V$7 4 "%( EEE( V$4% <' U$7%&
U$7 4 "%&DDD&U$4%D R 7M $>;;>< R> M[ R5R Z$7 ' "% <' V$7% L( $><'7R7><::[
7<'(@(<'(<R >/ R5( @MR XL7:(M />L 47X(< Z$7% <' U$7%D 5(<& ><:[ R5( RL<M7R7><
@L>7:7R[
)! $Z8 $7'"%  Z$7'"%( V8 $7%  V$7% ! Z8 $7%  Z$7%( U8 $7%  U$7%%
5M R> ( 9<>Y<& Y5>M( $><'7R7><: @LR 5M R5( M;( H:(<4R5I />L :: 7D
ULR5(L;>L(& 7R 7M MMU;(' R5R R5( @L>$(MM 7M 5>;>4(<(>UM Y57$5 ;(<M R5R R5(
RL<M7R7>< @L>7:7R[ '>(M <>R (Z@:7$7R:[ '(@(<' >< R5( R7;( XL7:( 7D 5(<(X(L
R5( 36RU@:( >/ MU$$(MM>L MRR( Z  & >UR@UR V& $ULL(<R MRR( Z <' 7<@UR U 7M $><M7'(L('&
R5( RL<M7R7>< @L>7:7R[ 7M R5( M;(D (<$(& R5( L(:R7><
)! $Z8 $7'"%  Z  ( V8 $7%  V ! Z8 $7%  Z( U8 $7%  U%
 )! $Z8 $"%  Z  ( V8 $4%  V ! Z8 $4%  Z( U8 $4%  U% A+D=B
5>:'M />L :: 7D  '7M$L(R( MR>$5MR7$ @L>$(MM Y5>M( 4(<(LR7>< :Y 7M '(M$L7('
[ R5( MRR( RL<M7R7>< @L>7:7R[ A+D=B 7M $::(' &/,/%-/A9 8*/C 28/99 Y7R5
7<@UR <' >UR@URD
>L '(M$L77<4 R5( MR>$5MR7$ @L>$(MM [  MR>$5MR7$ UR>;R>< 7R 7M MMU;(' R5R
R5( @@(L<$( >/  $(LR7< 7<@UR M[;>: R R7;( 7 7M 7<'(@(<'(<R >/ R5( MRR(M <'
>/ R5( 7<@UR X:U(M R5R 5X( >$$ULL(' U@ R> R5R R7;(& <' 7<'(@(<'(<R >/ R5( R7;(
7D 5(L(/>L(& R5( L(:R7><
 7 &
7 Z $4%  Z$4%( EEE( Z $7%  Z$7%(
7 8 8
)! U8 $7%  U$7% 7
7 U8 $4%  U$4%( EEE( U8 $7 4 "%  U$7 4 "%
 )! $U8  U% A+D?]B
5>:'M& Y5(L( )! $U8  U% '(M$L7(M R5( @L>7:7R[ Y7R5 Y57$5 R5( 7<@UR M[;>: U
>$$ULMD 57M MMU;@R7>< 7M <>R MR7M0('& />L (Z;@:(& 7/ R5( 7<@UR U$7% 7M @L(M$L7('
^2i 2O >:CFX>X C, W.)FC6:`W$A. )FC]WFA F5 ,>X)W.].=.d.C] XgX].BX

[  MU@(LX7M>L R5R $RM 7< '(@(<'(<$( U@>< R5( ;(MUL(' >UR@UR V$7%D 5(< R57M
H/(('$9I <(('M R> ( 7<$:U'(' 7<R> R5( MR>$5MR7$ '(M$L7@R7>< >/ R5( @L>$(MM 7<
>L'(L R> MR7M/[ R5( MMU;@R7>< A+D?]B Y57$5 Y7:: ( UM(' 7< R5( />::>Y7<4D
5( UR>;R>< 7M M(R U@ U<'(L R5( MMU;@R7>< R5R :: 7<@UR M[;>:M U $< >$$UL%
)! $U8  U% 2 4 />L :: U ) I E A+D??B
R5(LY7M( 7<@UR M[;>:M Y7R5 X<7M57<4 @L>7:7R[ L( L(;>X(' /L>; R5( M(R I D

389/==*1/ 1" 9=1(9=* 381999 D 9=1(9=* @=1.=6 >;>4(<(>UM


L9>X @L>$(MM(M Y7R5 0<7R( M(RM >/ 7<@UR X:U(M& >UR@UR X:U(M <' MRR(M L( L(6
@L(M(<R(' [ 0<7R(6MRR( MR>$5MR7$ UR>;RD < 7<7R7:7M(' MR>$5MR7$ UR>;R>< 7M
47X(< [ R5( 16RU@:(
  $ M ( I ( J ( ( )! $Z$4%%% A+D?TB
Y7R5 M & I <' J '(0<(' >X(D )! $Z$4%% '(<>R(M R5( 7<7R7: MRR( @L>7:7R[
'7MRL7UR7>< Y57$5 7M R5( M(R >/ R5(  @L>7:7R[ X:U(M )! $Z$4%  Z2 % />L Z2 )
M D  7M  /U<$R7><
  M 5 J 5 M 5 I 4
4( " A+D?SB
R5R L(@L(M(<RM R5( 4(<(LR7>< :Y 4>X(L<7<4 R5( MR>$5MR7$ L9>X @L>$(MM%
$Z  ( V( Z( U%  )! $Z8 $"%  Z  ( V8 $4%  V ! Z8 $4%  Z( U8 $4%  U% E A+D?3B
< (ZR(<M7>< >/ R5( R(L;7<>:>4[ UM(' />L R5( <><6'(R(L;7<7MR7$ UR>;R><& R5( /U<$6
R7><  7M $::(' &C(/A8+ 8+>(/- >/ R5( MR>$5MR7$ UR>;R><D < >L'(L R> 7<'76
$R( R5R R5( (5X7>UL: L(:R7>< 7M  $><'7R7><: @L>7:7R[ '7MRL7UR7><& R5( M[;>:
$Z  ( V ! Z( U% 7M UM(' 7<MR(' >/ $Z  ( V( Z( U%D 5( <>R7>< >/ R5( @L>7:7R[ '7MRL76
UR7>< L(/(LM R> R5( ;@@7<4 $Z  ( V ! Z( U% />L :: Z( Z  ) M & U ) I <' V ) J D
5( (5X7>UL: L(:R7>< 5M R5( @L>@(LR7(M
4 / $Z  ( V ! Z( U% / "( AZ  ( Z ) M ( U ) I ( V ) J
3 3
$Z  ( V ! Z( U%  "( AZ ) M ( U ) I A+D?1B
M  & J$

<' R5( RY> >U<'L[ '7MRL7UR7><M


3
$Z  ! Z( U%  $Z  ( V ! Z( U% A+D?PB
J$
3

$V ! Z( U%  $Z  ( V ! Z( U% E A+D?OB
M   &

$Z  !Z( U% 7M $::(' R5( 9>> >8-9(>(/- 8+>(/- <'


$V!Z( U% R5( /A>2A> 8+>(/- >/
R5( MR>$5MR7$ UR>;R><D U( R> ED A+D?3B R5(M( L(:R7><M L(@L(M(<R R5( $><'7R7><:
@L>7:7R[ '7MRL7UR7><M
$Z  ! Z( U%  )! $Z8 $"%  Z  ! Z8 $4%  Z( U8 $4%  U% A+D?+B

$V ! Z( U%  )! $V8 $4%  V ! Z8 $4%  Z( U8 $4%  U% A+D?=B
2O_ F,.AX F5 ,>X)W.].=.d.C] XgX].BX ^2I

<' @>MM(MM R5( @L>@(LR7(M


3
$Z  ! Z( U%  " A+DT]B
M  &
3

$V ! Z( U%  "E A+DT?B
J$

5(M( $><'7R7><: @L>7:7R[ '7MRL7UR7><M L(@:$( R5( MRR( RL<M7R7>< /U<$R7>< 


<' R5( >UR@UR /U<$R7><
>/ R5( '(R(L;7<7MR7$ UR>;R>< UM(' 7< EMD A+D?B <'
A+DTBD
>R( R5R R5( /U<$R7><M  <'
'(0<(' 7< ED A+D?+B <' A+D?=B 7<$:U'( :(MM 7<6
/>L;R7>< R5< R5( (5X7>UL: L(:R7><  ($UM(  :M> L(2($RM R5( MR>$5MR7$ '(6
@(<'(<$( >/ Z  <' VD 5(L(/>L(& R5( />::>Y7<4 7<X(MR74R7><M L(/(L R>  LR5(L R5<
 <'
D  7M UM(/U: />L @L>:(;M 7< Y57$5 ><:[ R5( MRR( M(EU(<$( 7M $><M7'(L('
<' R5( >UR@UR M(EU(<$( 74<>L('D R>$5MR7$ UR>;R />L Y57$5 R5( (5X7>UL: L(6
:R7><  $< ( L($><MRLU$R(' /L>;  <'
L( $::(' MR>$5MR7$ +F A>/,>D
>L R5(; R5( L(:R7><
$Z  ( V ! Z( U%  $Z  ! Z( U% 8
$V ! Z( U%
5>:'M />L :: Z( Z  ) M & U ) I <' V ) J D

@=1/1.1@9 9=1(9=* @=1.=1/6 / R5( UR>;R>< 5M <> 7<@UR& 7R 7M $::(' <
UR><>;>UM UR>;R><D /& /ULR5(L;>L(& R5( >UR@UR $>7<$7'(M Y7R5 R5( MRR(& R57M
UR>;R>< 7M 47X(< [ R5( RL7@:(
  $ M ( ( )! $Z$4%%%(
Y5(L(  '(<>R(M R5( MRR( RL<M7R7>< L(:R7>< 47X(< [ ED A+D?+B /R(L <(4:($R7<4 R5(
7<@UR U%
$Z  ! Z%  )! $Z8 $"%  Z  ! Z8 $4%  Z%E

83(*- */=838==*1/ 1" 9=1(9=* @=1.=6 ><M7'(L 0LMR R5( UR><>;>UM


UR>;R><& Y57$5 $< ( 7<R(L@L(R(' M  '7L($R(' 4L@5& Y5>M( X(LR7$(M '(<>R( R5(
MRR(M <' Y5>M( ('4(M '(<>R( R5( @>MM7:( MRR( RL<M7R7><MD 74UL( +DP 47X(M <
(Z;@:(D 5( ('4(M L( MM>$7R(' Y7R5 R5( MRR( RL<M7R7>< @L>7:7R[ 47X(< [ R5(
X:U( >/ R5( MRR( RL<M7R7>< L(:R7><  />L R5( @7L >/ MRR(M $><<($R(' [ R5( ('4(MD
5(M( @L>7:7R7(M L( M5>Y< 7< R5( 04UL( ><:[ />L M>;( ('4(MD
(47<<7<4 7<  MRR( Z2 Y7R5 )! $Z$4%  Z2 % 2 4 R5( UR>;R>< ;>X(M :><4
R5( '7L($R(' ('4(M $$>L'7<4 R> R5( $>LL(M@><'7<4 @L>7:7R7(MD / ;>L( R5< ><(
('4( MRLRM 7<  MRR( R5(< :: R5(M( ('4(M $< ( />::>Y(' Y57$5 L(MU:RM 7< :R(L<R7X(
MRR( <' >UR@UR M(EU(<$(MD 5( /L(EU(<$7(M Y7R5 Y57$5 R5( UR>;R>< />::>YM R5(M(
('4(M 7M '(M$L7(' [ R5( RL<M7R7>< @L>7:7R7(MD
M Y7:: ( '(M$L7(' 7< '(R7: (:>Y& R5( @L>7:7R[ R5R R5( UR>;R>< 7M R R7;(
7 7<  47X(< MRR( Z $< ( >R7<(' [ ;U:R7@:[7<4 R5( MRR( @L>7:7R7(M R R7;(
^2_ 2O >:CFX>X C, W.)FC6:`W$A. )FC]WFA F5 ,>X)W.].=.d.C] XgX].BX

                   

           
           




+ +/+ `]FCFBF`X X]F)<X]>) `]FB]FC

7 4 " Y7R5 R5( RL<M7R7>< @L>7:7R7(MD / ;>L( R5< ><( HY :('M R> R5( MRR( Z&
R5(< :: R5(M( @L>7:7R7(M 5X( R> ( MU;;(' U@D

               
              
                 
                

 

+ +.+ W] F5 ]<. `]FB]FC :WK< F5  X]F)<X]>) `]FB]FC e>]<


>CK`] C, F`]K`]

>L UR>;R Y7R5 7<@UR <' >UR@UR& R5( MRR( RL<M7R7>< @L>7:7R[ 7M L(@:$('
[ R5( $>LL(M@><'7<4 X:U( >/ R5( (5X7>UL: L(:R7><  A74D +DOBD 5( ;>X(;(<R
R5L>U45 R5( UR>;R>< 4L@5 '(@(<'M >< R5( 7<@URD >L(>X(L& R5( @L>7:7R[ R5R 
$(LR7< >UR@UR 7M 4(<(LR(' '(@(<'M >< R5( @7L >/ MRR(M 7<X>:X(' 7< R5( ;>X(;(<R
<' R5( 7<@UR >R7<('D

6#(" +' .().1#/ (  /1(!/1# 21(&1('


C ]<. .fBKA. X<FeC >C >:O 2OZ+ ]<. `]FB]FC Bg X].K 5WFB X]]. I ]FeW,X X]]. _ FW Ii
>5 >] F$]>CX >CK`] Q  + $`] >] >X @CFeC ]F X].K ]FeW,X X]]. _ >5 ]<. >CK`] Q  - >X KKA>.,O
FW.Fd.W+ ]<. `]FB]FC Bg KWF,`). .>]<.W F`]K`] R   FW R  -O <. $.<d>F`WA W.A]>FC
XgX ]<] ]<. KWF$$>A>]g ]F X].K 5WFB X]]. I ]FeW,X Ii e<.C :.]]>C: ]<. >CK`] Q   >X 0A- >5
]<>X X].K >X XXF)>]., e>]< ]<. F`]K`] R   C, 0A+ >5 R  - F))`WXO <. X`B F5 0A F5 $F]<
dA`.X >X ]<. KWF$$>A>]g ]<] ]<. `]FB]FC X].KX 5WFB I ]F Ii `C,.W ]<. >CK`] Q   e<>A.
KWF,`)>C: <30 F`]K`]O .C).+  0  ' !  0A <FA,XO A].WC]>d.Ag+ ]<. `]FB]FC Bg
X].K 5WFB I ]FeW,X _O ] ,.6C>].Ag ,F.X ]<>X X].K >5 >] F$]>CX >CK`] Q  - C, >] >X @CFeC ]F
2O_ F,.AX F5 ,>X)W.].=.d.C] XgX].BX ^2^

KWF,`). F`]K`] R  - ,`W>C: ]<>X X].KO 5 ]<. `]FB]FC :.]X >CK`] Q  + ]<.C ]<. KWF$$>A>]g
]F X].K ]F X]]. _ e<>A. :.C.W]>C: F`]K`] R   >X 0AO
<. KWFK.W]g L2OI7M F5 ]<. $.<d>F`WA W.A]>FC >X X]>X6.,+ $.)`X. 5FW U   C, Q   ]<.
.fBKA.X g>.A,X
33
 U  ' R  U  ' Q  ! 
= :

  U   0' R    U  ' Q  ! #  U   0' R  -  U  ' Q  ! #


#  U   -' R    U  ' Q  !
 0A- # 0A+ # 0A  
C, 5FW U   C, Q  -
3 3
 U  ' R  U  ' Q  -!   U   -' R  -  U  ' Q  -!   A
=  & : $

<. X]]. ]WCX>]>FC W.A]>FC  ,.6C., >C QO L2OI[M >:CFW.X ]<. F`]K`] C, )FCX>,.WX B.W.Ag
]<. ]WCX>]>FC $.]e..C ]<. X]].X >C ,.K.C,.C). `KFC ]<. >CK`]O FW ]<. .fBKA. ]<. 5FAAFe>C:
W.A]>FCX <FA,*
 U   0  U  ' Q  !  0A- # 0A+  0A
 U   -  U  ' Q  !  0A
 U   -  U  ' Q  -!  A
<.g Xg ]<] 5FW ]<. >CK`] Q   ]<. `]FB]FC :F.X 5WFB X]]. I ]F X]]. _ FW Ii e>]<
KWF$$>A>]g 0A+ $`] >5 >] F$]>CX >CK`] Q  - ]<. `]FB]FC >X @CFeC ]F :F ]FeW,X X]]. _O
<. F`]K`] W.A]>FC
,.6C., >C QO L2OIZM XgX e<>)< F`]K`] >X KWF,`)., >C,.K.C,.C]Ag
F5 ]<. C.f] X]]. ]<] >X XX`B., $g ]<. `]FB]FCO FW ]<. .fBKA.

R    U  ' Q  !  0A(

R  -  U  ' Q  !  0A+

R  -  U  ' Q  -!  
<FA,+ e<>)< B.CX ]<] ]<. `]FB]FC >X @CFeC ]F KWF,`). ]<. F`]K`] R  - >5 >] F$]>CX
]<. >CK`] Q  - >C X]]. I+ $`] 5FW ]<. >CK`] Q   >] Bg :.C.W]. ]<. F`]K`] R  
e>]< KWF$$>A>]g iOZ C, R  - e>]< KWF$$>A>]g iO^O F]. ]<] ]<.W. >X >C :.C.WA CF eg ]F
W.)FCX]W`)]  5WFB :>d.C  C,
X B.C]>FC., $Fd.O 7 '

6?6& (A*1@8 1" 9=1(9=* @=1.=

57M M($R7>< '(M$L7(M R5( ;>X(;(<R >/ MR>$5MR7$ UR>;R />L 47X(< 7<7R7: MRR(
@L>7:7R[ '7MRL7UR7>< <' 7<@UR M(EU(<$(MD 5( '(R(L;7<R7>< >/ R5( MRR( <' >UR6
@UR M(EU(<$(M R5R R5( UR>;R 4(<(LR( Y7R5 @>M7R7X( @L>7:7R[ 7M $::(' 9(,A+'
>(/-D 5( L(MU:RM >R7<(' L( R5( M7M />L '(0<7<4 <' 7<X(MR74R7<4 R5( >M(LX7:6
7R[ <' '74<>M7:7R[ >/ MR>$5MR7$ UR>;R 7< R5( <(ZR M($R7><MD

== / 1@=3@= 97@/9 '/8= D =( 9=1(9=* @=1.=1/6 79(  <><6
'(R(L;7<7MR7$ UR>;R><& R5( MR>$5MR7$ UR>;R>< 7M <>R 7<  U<7EU( MRR( Z$7% UR
R5( MRR( R R7;( 7 7M 47X(< M  M(R >/ @>MM7:( MRR(MD 57M M(R 7M '(M$L7(' [ 
'7M$L(R( @L>7:7R[ '7MRL7UR7>< '(<>R(' [ )! $Z$7%%%
^29 2O >:CFX>X C, W.)FC6:`W$A. )FC]WFA F5 ,>X)W.].=.d.C] XgX].BX

)! $Z$7%%  #)! $Z8 $7%  "%( )! $Z8 $7%  1%( EEE( )! $Z8 $7%   %$ E A+DTTB
57M <>RR7>< >/ R5( @L>7:7R[ '7MRL7UR7>< )! $Z$7%% ;(<M R5R ::  @>MM7:(
X:U(M >/ R5( L<'>; XL7:( Z8 $7% L( $><M7'(L(' <' R5(7L @L>7:7R[ L( R5(
(:(;(<RM >/  M(R >L& :R(L<R7X(:[& >/  X($R>LD (<$(& R5( @L>7:7R[ '7MRL7UR7><
)! $Z$7%% 7M  /U<$R7>< MM>$7R7<4 R> ::  '7//(L(<R MRR(M Z ) M R5( @L>7:7R[
Y7R5 Y57$5 R5( UR>;R>< MMU;(M R5( MRR( Z R R7;( 7D (<$(& )! $Z8 $7%  Z%
5M R5(  (:(;(<RM 47X(< >< R5( L745R65<' M7'( >/ ED A+DTTBD
5( '[<;7$: (5X7>UL '(@(<'M U@>< R5( 7<7R7: MRR( Z2 <' R5( 7<@UR M(EU(<$(
 D >L R5( 7<7R7: MRR(  @L>7:7R[ '7MRL7UR7>< )! $Z$4%% 7M 47X(<& Y57$5 ;(<M&
$$>L'7<4 R> R5( >X( $><X(<R7><& R5R R5( X:U( >/ )! $Z8 $4%  Z% 7M X7::(
/>L ::  '7//(L(<R MRR(M Z ) M D 5( MRR( R R7;( 7+ '(@(<'M :M> U@>< R5( 7<@UR
M(EU(<$( Y7R5 :(<4R5 7+
 $4 EEE 7+ 4 "%  $U$4%( EEE( U$7+ 4 "%% ) I.  I 5 I 5 EEE 5 I ( A+DTSB
  
7+ 4 R7;(M
Y5(L( 7+ 7M R5( R7;( 5>L7\><D $$>L'7<4 R> ED A+D?]B R5( @L>7:7R[ Y7R5 Y57$5 
$(LR7< 7<@UR M(EU(<$( >$$ULM 7M 47X(< [ R5( @L>'U$R >/ R5( @L>7:7R7(M Y7R5 Y57$5
R5( 7<@UR X:U(M 7<$:U'(' >$$UL%
)! $8 $4 EEE 7+ 4 "%   $4 EEE 7+ 4 "%%
 )! $U8 $4%  U$4%( U8 $"%  U$"%( EEE( U8 $7+ 4 "%  U$7+ 4 "%%
 )! $U8  U$4%% 8 )! $U8  U$"%% 8 EEE 8 )! $U8  U$3+ 4 "%% E
>L 47X(< 7<@UR M(EU(<$(& R5( 7<7R7:7M(' MR>$5MR7$ UR>;R>< [7(:'M  @L>7:7R[
'7MRL7UR7>< >X(L R5( M(R >/ :: MRR( M(EU(<$(M >/ :(<4R5 7+ '"
!$4 EEE 7+ %  $Z$4%( Z$"%( EEE( Z$7+ %% ) M.$
M />::>YM%
)! $!$4 EEE 7+ % !  $4 EEE 7+ 4 "%% A+DT3B
 )! $Z$4%( Z$"%( EEE( Z$7+ % ! U$4%( EEE( U$7+ 4 "%%
 $Z$7+ % ! Z$7+ 4 "%( U$7+ 4 "%% 8 $Z$7+ 4 "% ! Z$7+ 4 1%( U$7+ 4 1%% 8
8EEE 8 $Z$"% ! Z$4%( U$4%% 8 )! $Z$4%%
,. 
 .2 $Z$7'"% ! Z$7%( U$7%% 8 )! $Z$4%% E


57M (EUR7>< '(M$L7(M 5>Y R5( @L>7:7R[ '7MRL7UR7><


)! $!$4 EEE 7+ % !  $4 EEE 7+ 4 "%%
7M >R7<(' />L 47X(<  $4 EEE 7+ %D 7;7:L R> ED A+DTTB& 7R $< ( UM(' />L :: '7//(L(<R
MRR( <' 7<@UR M(EU(<$(M !$4 EEE 7+ % <'  $4 EEE 7+ 4 "%D 5( '7MRL7UR7><
)! $!$4 EEE 7+ % !  $4 EEE 7+ 4 "%%
$><M7MRM >/  . $ 8 . '7//(L(<R X:U(M& Y57$5 L( >R7<(' M(@LR(:[ [ ED A+DT3BD
2O_ F,.AX F5 ,>X)W.].=.d.C] XgX].BX ^27

$$>L'7<4 R> R57M (EUR7><& R5( @L>7:7R[ R5R  47X(< MRR( M(EU(<$(
!$4 EEE 7+ %  $Z$4%( Z$"%( EEE( Z$7+ %%
>$$ULM U<'(L R5( MMU;@R7>< R5R R5( UR>;R>< >R7<M R5( 7<@UR M(EU(<$(
 $4 EEE 7+ 4 "%  $U$4%( EEE( U$7+ 4 "%%
7M 47X(< [ R5( @L>'U$R >/ R5( MRR( RL<M7R7>< /U<$R7><  Y5>M( L4U;(<RM $>LL(6
M@><' R> R5( $><M7'(L(' MRR( M(EU(<$( <' R5( 7<@URD >L ($5 (<RL[ >/ R5( @L>6
7:7R[ '7MRL7UR7><& 7+ X:U(M >/ R5( /U<$R7><  '(R(L;7<( R>4(R5(L Y7R5 R5( X:U( >/
)! $Z$4%% R5( L(MU:R7<4 (<RL[ >/
)! $!$4 EEE 7+ % !  $4 EEE 7+ 4 "%%E
5( @@:7$R7>< >/ ED A+DT3B Y7:: ( L(/(LL(' R> M R5( 9(,A+>(/- >/ R5( MR>$5MR7$
@L>$(MM >L >/ R5( UR>;R><& ($UM( 7R M5>YM Y7R5 Y57$5 @L>7:7R[ R5( M[MR(;
U<'(L $><M7'(LR7>< />::>YM R5( MRR( M(EU(<$( !$4 EEE 7+ % />L 47X(< 7<@UR M(EU(<$(
 $4 EEE 7+ 4 "%D
> M7;@:7/[ R5( <>RR7>< R5( L(X7R7><
$7%  $Z$7'"% ! Z$7%( U$7%%
Y7:: ( UM(' 7< R5( />::>Y7<4 7/ 7R 7M $:(L /L>; R5( $><R(ZR />L Y57$5 L4U;(<R
Z$7 ' "%( Z$7% <' U$7% R5( /U<$R7>< 7M @@:7('D 5(<& ED A+DT3B M7;@:70(M R>
,. 
)! $!$4 EEE 7+ % !  $4 EEE 7+ 4 "%%  .2 $7% 8 )! $Z$4%% E A+DT1B


5( MRR( >/ R5( MR>$5MR7$ UR>;R>< R R7;( 7+ 7M '(M$L7(' [ R5( >U<'L[
'7MRL7UR7>< >/ A+DT1B%
)! $Z$7+ % !  $4 EEE 7+ 4 "%% A+DTPB
3 3 3
 888 )! $!$4 EEE 7+ % !  $4 EEE 7+ 4 "%%
M"2#& M" #& M".  #&
3 3 3
 888 $7+ 4 "% 8 $7+ 4 1% 8 EEE 8 $4% 8 )! $Z$4%%
M"2#& M" #& M".  #&
3 ,.

 "2 ::: .  # .2 $7% 8 )! $Z$4%% E
5( MU; 7< R5( :MR :7<( >/ R5( >X( (EUR7>< ;(<M R5( MU; >X(L :: MRR( M(EU(<$(M
>/ R5( :(<4R5 7+ % !$4 EEE 7+ 4 "% ) M. D < R5( />::>Y7<4 :: MU;M L( L(X7R('
:79(Y7M(D ED A+DTPB $< ( YL7RR(< 7< R5( L($ULM7X( />L;
7+ 2 "  )! $Z$7+ % !  $4 EEE 7+ 4 "%% A+DTOB
3
 $7+ 4 "% 8 )! $Z$7+ 4 "% !  $4 EEE 7+ 4 1%%
M".  #
3
7+  "  )! $Z$"% ! U$4%%  $4% 8 )! $Z$4%% ( A+DT+B
M"2#
^2[ 2O >:CFX>X C, W.)FC6:`W$A. )FC]WFA F5 ,>X)W.].=.d.C] XgX].BX

Y5(L( R5( L9>X @L>@(LR[ A+D+B <' R5( 7<'(@(<'(<$( A+D?]B (RY((< R5( $ULL(<R
MRR( <' R5( $ULL(<R 7<@UR 5X( ((< UM('D >R( R5R 7< ED A+DT+B R5( M7;@:70('
<>RR7><  $4 EEE 4%   $4% 5M ((< UM('D >R( R5R
)! $Z$7+ % !  $4 EEE 7+ 4 "%%  )! $Z$7+ % !  $4 EEE 7+ %% A+DT=B
5>:'M ($UM( $$>L'7<4 R> ED A+D?]B R5( $ULL(<R MRR( Z$7+ % '>(M <>R '(@(<' ><
R5( $ULL(<R 7<@UR U$7+ %D 7;7:L:[& />L R5( >UR@UR M(EU(<$( R5( L(:R7><
)! $ $4 EEE 7+ % !  $4 EEE 7+ %% A+DS]B
3
 M"2# )! $ $4 EEE 7+ % !  $4 EEE 7+ %( Z$4%% 8 )! $Z$4%%
3 ,.
 "2:::.$ # .2

$7% 8 )! $Z$4%%
Y7R5 R5( L(X7R7><
$7%  $Z$7'"%( V$7% ! Z$7%( U$7%% A+DS?B
7M >R7<('D M >X(& R57M (EUR7>< $< ( RL<M/>L;(' 7<R> R5( L($ULM7X( L(:R7><M
7+ 2 4  )! $Z$7+ '"%(  $4 EEE 7+ % !  $4 EEE 7+ %% A+DSTB
3
 M". # $7+ % 8 )! $Z$7+ %(  $4 EEE 7+ 4 "% !  $4 EEE 7+ 4 "%%
3
7+  4  )! $Z$"%( V$4% ! U$4%%  M"2# $4% 8 )! $Z$4%% A+DSSB
Y57$5 [7(:'
)! $ $4 EEE 7+ % !  $4 EEE 7+ %% A+DS3B
3
 M".$ # )! $Z$7+ '"%(  $4 EEE 7+ % !  $4 EEE 7+ %% E

>R( R5R 7< R5( L($ULM7>< A+DSTB& A+DSSB R5( 8>7<R @L>7:7R[ '7MRL7UR7>< >/ R5(
<(ZR MRR( Z$7+ ' "% <' R5( >UR@UR M(EU(<$( U@ R> R7;( 7+ 5M R> ( '(R(L;7<('D
5( @L>7:7R[ >/ R5( >UR@UR M(EU(<$( 7M R5(< >R7<(' M R5( >U<'L[ @L>7:7R[
[ ED A+DS3BD

(A*1@8 1" =( 9=1(9=* @=1.=1/6 5( (5X7>UL >/  '[<;7$: M[MR(;
7M R5( M(R >/ :: 7<@UR <' >UR@UR M(EU(<$(M R5R L( $><M7MR(<R Y7R5 R5( M[MR(; '[6
<;7$MD >L R5( MR>$5MR7$ UR>;R><  @7L $><M7MR7<4 >/ R5( 7<@UR M(EU(<$(  <'
>UR@UR M(EU(<$(  (:><4M R> R5( (5X7>UL 7/ R5(L( (Z7MRM  MRR( M(EU(<$(
!$4EEE7+ '"%  $Z$4%( Z$"%( Z$1%( EEE( Z$7+ '"%%
MU$5 R5R R5( RY> $><'7R7><M
,.
)! $Z8 $4%  Z$4%% 2 4 <' 
.2 $7% 2 4 A+DS1B
L( MR7M0('%
$7+ %  #$$U$4%( U$"%( EEE( U$7+ %%( $V$4%( V$"%( EEE( V$7+ %%  A+DSPB
+!$4 EEE 7+ '"%  $Z$4%( Z$"%( EEE( Z$7+ '"%% Y7R5
)! $Z8 $4%  Z$4%% 2 4( $7% 2 4 />L 7  4( "( EEE( 7+ 4 " $ E
2O_ F,.AX F5 ,>X)W.].=.d.C] XgX].BX ^2Z

>R( R5R ED A+DSPB UM(M R5( MMU;@R7>< A+D??BD < R5( /ULR5(L 7<X(MR74R7><M R5(
R7;(5>L7\><7+ 7MUM('MMR('7:[7<$L(M7<4XL7:(D5('(@(<'(<$(>/ U@><
7+ 7M;(<R7><('(Z@:7$7R:[D>R(R5R
)! $ $4 EEE 7+ %( $4 EEE 7+ %%  )! $ $4 EEE 7+ %! $4 EEE 7+ %%8
8)! $$4 EEE 7+ %%(
Y5(L( )! $ $4 EEE 7+ % ! $4 EEE 7+ %%47X(< [ ED A+DS]B '(M$L7(M R5( @L>7:6
7R[ Y7R5 Y57$5 R5( (:(;(<R $$4 EEE 7+ %(  $4 EEE 7+ %%>/ R5( M(R $7+ %>$$ULMD M
)! $$4 EEE 7+ %%245>:'M&R5((5X7>UL>/R5(UR>;R><$<:M>(YL7RR(<M
$7+ %#$$4 EEE 7+ %(  $4 EEE 7+ %%)! $ $4 EEE 7+ %! $$4 EEE 7+ %% 2 4$ E
A+DSOB

1/9*9=/D 1" */3@=<1@=3@= 3*896 <R7: <>Y& R5( UR>;R>< 5M ((< UM(' R>
@L('7$R R5( (5X7>UL >/ R5( MR>$5MR7$ @L>$(MM />L 47X(< 7<@UR M(EU(<$(D < MRR(
>M(LXR7>< <' '74<>M7M R5( UR>;R>< Y7:: ( UM(' R> $5($9 Y5(R5(L ;(MUL('
M(EU(<$(M >/ 7<@UR <' >UR@UR X:U(M H(:><4I R> R5( UR>;R><D 5( @7L >/ 7<@UR
<' >UR@UR M(EU(<$(M $ $4 EEE 7+ %(  $4 EEE 7+ %% 7M $::(' < (-2A>=/A>2A> 3 =4 2(8D
R 7M $5($9(' Y5(R5(L R5(L( (Z7MRM < 7<7R7: MRR( MU$5 R5R R5( UR>;R>< 4(<(LR(M
R5( 47X(< >UR@UR M(EU(<$( />L R5( 47X(< 7<@UR M(EU(<$( Y7R5 <><6X<7M57<4 @L>6
7:7R[D Q @7LM L( $::(' /-9(9>-> Y7R5 R5( MR>$5MR7$ UR>;R>< 7/ R5([ (:><4 R>
R5( (5X7>UL $7+ % '(M$L7(' [ ED A+DSOB%
$(  % ) E
5( 7<X(MR74R7>< >/ Y5(R5(L < Q @7L 7M $><M7MR(<R >L <>R Y7R5  MR>$5MR7$ U6
R>;R>< Y7:: ( R5( M7M >/ R5( <(ZR M($R7><MD

6?6$ 1- 1" =( "@-=D @=1.=1/

< >L'(L R> '(M$L7( R5( (5X7>UL >/  '7M$L(R(6(X(<R M[MR(; U<'(L R5( 7<2U(<$( >/
/U:RM& R5( /U:R / $7% 7M 7<RL>'U$(' M < ''7R7><: 7<@UR A74D +D+BD 5( /U:R ;[
$5<4( >X(L R7;(D (<$(& 7R 7M '(M$L7(' [ R5( M(EU(<$(
 $4 EEE 7+ %  $/ $4%( / $"%( EEE( / $7+ %%E
5( ''7R7><: 7<@UR / (ZR(<'M R5( MR>$5MR7$ UR>;R><& Y57$5 <>Y ($>;(M
  $ M ( I ( ' ( J ( ( )! $Z$4%%% A+DS+B
Y7R5 ' '(<>R7<4 R5( M(R >/ @>MM7:( /U:R X:U(MD 5( (5X7>UL: L(:R7><  7M <>Y
 /U<$R7>< >/ 0X( L4U;(<RM%
  M 5 J 5 M 5 ' 5 I 4
4( " A+DS=B

$Z ( V ! Z( /( U%
 )! $Z8 $"%  Z  ( V8 $4%  V ! Z8 $4%  Z( /8 $4%  /( U8 $4%  U% (
Y5(L( /8 M[;>:7M(M R5( MR>$5MR7$ XL7:( />L R5( $ULL(<R /U:RD
^22 2O >:CFX>X C, W.)FC6:`W$A. )FC]WFA F5 ,>X)W.].=.d.C] XgX].BX

 
          
  

+ ++ ]F)<X]>) `]FB]FC X`$?.)] ]F XFB. 5`A]

5( ;>'(: A+DS+B 7M @@:7$:( />L :: /U:R M(EU(<$(M  $4 EEE 7+ % ) '.$ D (6
EU(<$(M >/ R57M 97<' '(M$L7(& ;><4 >R5(LM&  /U:R (5X7>UL 7< Y57$5 R5( /U:R
$5<4(M Y7R5>UR 7<R(LLU@R7>< /L>; <[ R7;( MR(@ R> R5( <(ZR ><(D U$5  /U:R (6
5X7>UL 7M& 7< 4(<(L:& <>R L(:7MR7$D < ;<[ R($5<7$: @L>$(MM(M R5( /U:R 7M 9<>Y<
R> ( M:>Y:[ $5<47<4 <' R5( /U:RM '> <>R MY7R$5 /L>; ><( R> <>R5(L Y7R5>UR 
/U:R:(MM @(L7>' 7< (RY((<D 57M 7</>L;R7>< 5M R> ( UM(' 'UL7<4 R5( '74<>M7MD
< >L'(L R> 7<$:U'( MU$5 < 7</>L;R7>< 7<R> R5( '74<>M7M& R5( /U:R 7M MMU;(' R>
( R5( >UR@UR >/ <>R5(L MR>$5MR7$ UR>;R><
'  $ ' ( ' ( )! $/ $4%%% A+D3]B
Y57$5 7M $::(' R5( A+> ,/+ A74D +D=BD ' 7M R5( MRR( RL<M7R7>< L(:R7>< >/ R5(
/U:R ;>'(:& Y57$5 '(M$L7(M R5( $><'7R7><: @L>7:7R[ R5R R5( /U:R $5<4(M /L>;
/ R>YL'M /  Y7R57< ><( R7;( MR(@%
'  ' 5 ' 4
4( "
' $/  ! / %  )! $/8 $"%  /  ! /8 $4%  / % E A+D3?B
/ R5( R7;( MR(@M L( (EU7'7MR<R A:79( 7< '7M$L(R(6R7;( M[MR(;MB R5(M( @L>7:7R7(M L(
$:>M(:[ L(:R(' R> R5( Y(:: 9<>Y< ;(MUL( >/ ;(< R7;( (/>L( /7:UL(D )! $/ $4%%
'(<>R(M R5( @L>7:7R[ '7MRL7UR7>< >X(L R5( 7<7R7: /U:R M(RD

      


 
                      

+ +%+ ]F)<X]>) `]FB]FC e>]< 5`A] BF,.A

5( $>;7<R7>< >/ R5( MR>$5MR7$ UR>;R>< Y7R5 R5( /U:R ;>'(: '(@7$R(' 7<
74D +D= 7M  MR>$5MR7$ UR>;R><
0  $ M-( I ( J ( (
0 )! $0
Z $4%%% A+D3TB
Y5>M( MRR( M(R 7M 47X(< [
M-  M 5 ' A+D3SB
2O^ ]]. F$X.Wd]>FC F5 X]F)<X]>) `]FB] ^2D

0 7M >R7<(' /L>;  <' ' $$>L'7<4 R>


<' Y5>M( (5X7>UL: L(:R7>< 
0  ( /  ( V ! Z( /( U%  $Z  ( V ! Z( /( U% 8 ' $/  ! / %
$Z A+D33B
Y7R5 Z( Z  ) M & U ) I & V ) J <' /( /  ) ' D / R5( (:(;(<RM Z0 ) M- L(
YL7RR(< M R5( X($R>L
 &
Z
Z0  ( A+D31B
/
0 7< ED A+D33B $< ( L(YL7RR(< M
R5( (5X7>UL: L(:R7>< 
0  M- 5 J 5 M- 5 I 4
4( "
 A+D3PB
0 Z  ( V ! Z0( U%
$0
 )! $0 Z8 $"%  Z0 ( V8 $4%  V ! Z08 $4%  Z0( U8 $4%  U%
 &  &
Z8 $"%  Z  7 Z8 $4%  Z
 )! $ ( V8 $4%  V 7 ( U8 $4%  U%
/8 $"%  /  /8 $4%  /
0 R5( MR<'L' />L;D
Y57$5 47X(M 

#,! +' (. '.% 2%1 &(%


] X<F`A, $. B.C]>FC., <.W. ]<] ]<. X]W`)]`W. ,.K>)]., >C >:O 2OD >X CF] ]<. BFX] :.C.WA FC.+
$.)`X. >] ,F.X CF] AAFe ]<] ]<. 5`A] ,.K.C,X FC ]<. >CK`] C, ]<. X]].O C KKA>)]>FCX ]<.
F))`WW.C). F5  5`A] Bg $. B,. BFW. 5.X>$A. >5+ 5FW .fBKA.+  :>d.C XgX].B >X `X., `C,.W
Bf>B`B AF, )FC,>]>FCXO <.C+ ]<. KWF$$>A>]g F5 ]<. 5`A] F))`WW.C). ,.K.C,X AXF FC Q
C, UO FW X`)< XgX].BX+ C >C5FWB]>FC A>C@ 5WFB ]<. 5`A] BF,.A ]FeW,X ]<. 5`A] BF,.A
, )C CF AFC:.W $. ,.)FBKFX.,
<X ]F $. >CX.W]., >C]F >:O 2OD C, ]<. $.<d>F`WA W.A]>FC 
))FW,>C: ]F QO L2O99MO Fe.d.W+ >C ]<. 5FAAFe>C: ]<. X>BKA.W X)<.B. ,.K>)]., >C >:O 2OD
e>AA $. )FCX>,.W.,O 7
'

+2 11 (.-51!(& ( .1(.1! 41(%1


6>62 8-*.*/8D 1/9*8=*1/9 1" 1/9*9=/D)9 *'/19*9
><M7MR(<$[6M(' '74<>M7M 7M M(' >< R5( 7<X(MR74R7>< Y5(R5(L < Q @7L
$ $4 EEE 7+ %(  $4 EEE 7+ %%
;(MUL(' />L  M[MR(; U<'(L 7<X(MR74R7>< 7M $><M7MR<R Y7R5  MR>$5MR7$ UR>;R><
R5R '(M$L7(M R5( /U:R:(MM >L R5( /U:R[ M[MR(;D ><M7MR(<$[ ;(<M R5R R5(L( (Z7MRM 
MRR( M(EU(<$( !$4 EEE 7+ '"% R5R >$$ULM />L R5( ;(MUL(' 7<@UR M(EU(<$(  $4 EEE 7+ %
Y7R5 @>M7R7X( @L>7:7R[ <' />L Y57$5 R5( >UR@UR M(EU(<$(  $4 EEE 7+ % >$$ULM Y7R5
@>M7R7X( @L>7:7R[D
> '(0<( R57M <>R7>< />L;::[ 7R 7M MMU;(' R5R >R5 ;(MUL(' M(EU(<$(M
 $4 EEE 7+ % <'  $4 EEE 7+ %
5X( R5( M;( :(<4R5 7+ D
^Di 2O >:CFX>X C, W.)FC6:`W$A. )FC]WFA F5 ,>X)W.].=.d.C] XgX].BX

#/*=*1/ 62 41/9*9=/= < 3*85 - = 2(8 $(  % (9 ++ $><M7MR(<R D(>&


>& 9>/&9>( A>/,>/-  ( >&8 E(9>9 - (-(>(+ 9>> Z$4% D(>&
)! $Z8 $4%  Z$4%% 2 4
9A& >&> >& 9>/&9>( A>/,>/- D(>& %(C- (-2A> 96A-  %-8>9 >& %(C-
/A>2A> 96A-  D(>& -/-'C-(9&(-% 28/(+(>F
)! $ $4 EEE 7+ % !  $4 EEE 7+ %( Z$4%% 2 4E A+D3OB
57M $><M7'(LR7>< 5M R5( 7;@>LR<R $><M(EU(<$( R5R (X(L[ '74<>MR7$ @L>:(;
7<$:U'(M  MRR( >M(LXR7>< @L>:(; U<:(MM R5( MRR( M(EU(<$( $< ( ;(MUL('D
5(L(/>L(& R57M M($R7>< @L(M(<RM  />L;: MRR(;(<R >/ R5( MRR( >M(LXR7>< @L>:(;M
/>L MR>$5MR7$ UR>;R <' '(X(:>@M R5( M>:UR7>< R> 7RD < R57M M7M& R5( <(ZR M($R7><
'(M$L7(M ;(R5>'M />L $><M7MR(<$[6M(' '74<>M7M >/ MR>$5MR7$ UR>;RD

6>6? 98A=*1/ 381-.

5( MRR( >M(LXR7>< @L>:(; $><$(L<M R5( M7RUR7>< 7< Y57$5 R5( Q @7L
$ $4 EEE 7+ %(  $4 EEE 7+ %%
7M 9<>Y< <' R5( $ULL(<R MRR( Z$7+ % >/ R5( MR>$5MR7$ UR>;R>< 7M R> ( '(R(L;7<('D

81-. 62 498A=*1/ 381-. "18 =( 9=1(9=* @=1.=1/5


*A/ -2A> 96A-  $4 EEE 7+ 45
A>2A> 96A-  $4 EEE 7+ %5
>/&9>( A>/,>/- 5
*/ A88-> 9>> Z$7+ %5

5( M>:UR7>< R> R5( >M(LXR7>< @L>:(; 7M& 7< 4(<(L:& <>R U<7EU( UR 47X(< [ R5(
M(R
$7+ ! 7+ %  #Z$7+ %  )! $Z$7+ % !  $4 EEE 7+ %(  $4 EEE 7+ %% 2 4$ ( A+D3+B
Y57$5 7<$:U'(M :: MRR(M Z$7+ % R> Y57$5 R5( UR>;R>< ;[ ;>X( Y7R5 <><6
X<7M57<4 @L>7:7R[ Y57:( $$(@R7<4 R5( 47X(< 7<@UR M(EU(<$(  <' 4(<(LR7<4
R5( 47X(< >UR@UR M(EU(<$(  >R5 >/ Y57$5 L( 9<>Y< />L R5( R7;( 5>L7\>< 7+ D 5(
M(R $7+ ! 7+ % '(@(<'M U@>< R5( R7;( 5>L7\>< 7+ <' U@>< R5( Q @7L& UR ><:[
R5( '(@(<'(<$[ U@>< 7+ 7M 7<'7$R(' (Z@:7$7R:[D 5( RY> L4U;(<RM >/  L(/(L R> R5(
R7;( 7<MR<R />L Y57$5 R5( MRR( M5>U:' ( L($><MRLU$R(' <' R> R5( R7;( 5>L7\>< >/
R5( Q @7LD $7+ !7+ 4 "% 7M R5( M(R >/ MRR(M Z$7+ % R5R R5( UR>;R>< $< MMU;(
/R(L 7R 5M >R7<(' R5( 7<@UR M(EU(<$(  $4 EEE 7+ 4 "% <' 4(<(LR(' R5( >UR@UR
M(EU(<$(  $4 EEE 7+ 4 "% >R5 >/ Y57$5 5X( R5( R7;( 5>L7\>< 7+ 4 "D
5( >M(LXR7>< MRLRM R 7+  4 Y7R5 R5( 6@L7>L7 7<7R7: MRR( @L>7:7R[ '7MRL7U6
R7>< )! $Z$4%%& Y57$5 7M 47X(< />L R5( MR>$5MR7$ UR>;R>< A+D?TB <' '(0<(M R5(
7<7R7: M(R
2  #Z$4%  )! $Z$4%% 2 4$E
2O^ ]]. F$X.Wd]>FC F5 X]F)<X]>) `]FB] ^DI

57M 9<>Y:('4( >UR R5( 7<7R7: MRR( $< ( 7;@L>X(' /R(L R5( 0LMR 7<@UR U$4% 5M
((< @@:7(' <' R5( 0LMR >UR@UR V$4% >M(LX('D 5(L(/>L(& R5( M(R 2 7M '(<>R(' [
$4 ! 4 "%
$4 ! 4 "%  #Z$4%  )! $Z$4%% 2 4$( A+D3=B
Y5(L( R5( R7;( 5>L7\>< 4" 7<'7$R(M R5R R57M M(R 7M '(R(L;7<(' (/>L( R5( 0LMR Q
7</>L;R7>< 7M X7::(D /R(L R5( Q @7L $U$4%( V$4%% 5M ((< ;(MUL('& R5( M(R
$4 ! 4% 7M '(R(L;7<(' M '(M$L7(' (:>YD 57M M(R 7<$:U'(M :: Z$4% ) $4 ! 4 "%
/>L Y57$5 R5( L(:R7>< $Z  ( V$4%!Z$4%( U$4%% 2 4 5>:'M />L M>;( Z  D
5( >M(LXR7>< @L>:(; '>(M <>R ><:[ 7<$:U'( R5( '(R(L;7<R7>< >/ R5( M(R  UR
:M> R5( '(R(L;7<R7>< >/ R5( @L>7:7R[ '7MRL7UR7><
)! $Z$7+ % !  $4 EEE 7+ %(  $4 EEE 7+ %% />L :: Z$7+ % ) M (
Y57$5 Y7:: ( L(X7R(' [
)! $Z$7+ % ! 7+ %  )! $Z$7+ % !  $4 EEE 7+ %(  $4 EEE 7+ %%E A+D1]B
$$>L'7<4 R> R57M $><X(<R7><& )! $Z$7+ % ! 7+ 4 "% '(<>R(M R5( @L>7:7R[ '7MRL76
UR7>< >/ Z$7+ % Y57$5 7M '(R(L;7<(' /L>; R5( Q M(EU(<$(M  $4 EEE 7+ 4 "% <'
 $4 EEE 7+ 4 "% >R7<(' />L R5( R7;( 5>L7\>< 7+ 4 "D 7R5 R5( L(X7R7>< A+D1]B
R5( M(R $7+ ! 7+ % 7M 47X(< [
$7+ ! 7+ %  #Z$7+ %  )! $Z$7+ % ! 7+ % 2 4$ A+D1?B

6>6> 1/9*9=/= */3@=)1@=3@= 3*89

57M M($R7>< 7<X(MR74R(M R5( (Z7MR(<$( >/  M>:UR7>< R> R5( MRR( >M(LXR7>< @L>:(;D
5( />::>Y7<4 :(;; '(M$L7(M  $><'7R7>< />L R57M& Y57$5 />::>YM /L>; R5( (EUR7><
3 ,.
)! $ $4 EEE 7+ % !  $4 EEE 7+ %( Z$4%%  .2 $7% 8 )! $Z$4%%


" :::.$ #

>R7<(' /L>; R5( M($><' <' R57L' :7<( >/ ED A+DS]B <' R5( L(X7R7>< A+DS?BD

.. 62 - = 2(8 $ $4 EEE 7+ %(  $4 EEE 7+ %% (9 /-9(9>-> D(>& >& 9>/&9>(


A>/,>/-  ( - /-+F ( >& /++/D(-% /-(>(/- &/+9
3
$Z$7+ '"%( V$7+ % ! Z$7+ %( U$7+ %% 8 A+D1TB
" :::.$ #

8  $Z$7+ %( V$7+ 4 "% ! Z$7+ 4 "%( U$7+ 4 "%% 8


8 $Z$"%( V$4% ! Z$4%( U$4%% 2 4 E
/ $><'7R7>< A+D1TB 7M MR7M0(' 7R 7M 4UL<R((' R5R R5(L( (Z7MRM < 7<7R7: MRR( Z$4%
MU$5 R5R ED A+D3OB 5>:'MD
5( $><<($R7>< (RY((< R5( $><M7MR(<$[ >/ R5( @7L $(  % <' R5( (Z7MR(<$(
>/ M>:UR7><M R> R5( >M(LXR7>< @L>:(;M 7M >X7>UMD / R5( Q @7L 7M $><M7MR(<R&
^D_ 2O >:CFX>X C, W.)FC6:`W$A. )FC]WFA F5 ,>X)W.].=.d.C] XgX].BX

R5(L( (Z7MRM R :(MR ><( MRR( M(EU(<$( !$4 EEE 7+ % />L Y57$5 )! $! ! (  % 2 4
5>:'MD 5( 0<: MRR( Z$7+ % >/ R57M MRR( M(EU(<$( (:><4M R> $7+ ! 7+ %D / R5( Q
@7L 7M <>R $><M7MR(<R& R5(L( 7M <> MRR( M(EU(<$( />L Y57$5 R5( MR>$5MR7$ UR>;R><
4(<(LR(M R5( >UR@UR M(EU(<$(  D (<$(& R5( />::>Y7<4 $>L>::L[ 5>:'M%
181--8D 62  9/+A>(/- >/ >& /98C>(/- 28/+, E(9>9 ( - /-+F ( >& =
2(8 $(  % (9 /-9(9>-> D(>& >& 9>/&9>( A>/,>/-5

6>6& 1-@=*1/ =1 =( 9== 198A=*1/ 381-.

< R57M M($R7>< R5( M>:UR7>< R> R5( MRR( >M(LXR7>< @L>:(; 7M @L(M(<R(' <' 7::UM6
RLR(' [ ;(<M >/  M7;@:( (Z;@:(D < 7;@>LR<R @L(:7;7<L[ L(MU:R $><$(L<M R5(
@L>7:7R[ '7MRL7UR7>< )! $!$4 EEE 7+ % !  $4 EEE 7+ %(  $4 EEE 7+ %% >X(L :: MRR( M(6
EU(<$( !$4 EEE 7+ % >/ R5( UR>;R>< />L  47X(< Q @7LD

(18. 62 481*-*=D *9=8*@=*1/ 1" =( 9== 97@/5


/-9(8  9>/&9>( A>/,>/- D(>& (-(>(+ 9>> 28/(+(>F (9>8(A>(/-
)! $Z$4%% -  /-9(9>-> = 2(8 $(  %5 &-
L>$!$4 EEE 7+ % !  $4 EEE 7+ %(  $4 EEE 7+ %%
4
$7+ % 8 EEE 8 $"% 8 $4% 8 L>$Z$4%%
M".$ #
 4 A+D1SB
$7+ % 8 EEE 8 $"% 8 $4% 8 L>$Z$4%%
"2 ::: .$ #

98(9 >& 28/(+(>F >&> >& 9>/&9>( A>/,>/- &9 %-8> >& 9>> 9'
6A- !$4 EEE 7+ %5

>R( R5R R5( '(<>;7<R>L 7< ED A+D1SB '>(M <>R X<7M5 ($UM( R5( Q @7L 7M
MMU;(' R> ( $><M7MR(<R <'& 5(<$(& ED A+D1TB 5>:'MD < R5( @@:7$R7>< >/ 5(>6
L(; +D? 0LMR R5( 7<(EU:7R[ A+D1TB $< ( $5($9(' R> 0<' >UR Y5(R5(L R5( Q @7L 7M
$><M7MR(<R Y7R5 R5( UR>;R>< <' 7/ R57M R(MR 7M MU$$(MM/U: ED A+D1SB 7M @@:7(' R>
'(R(L;7<(
L>$!$4 EEE 7+ % !  $4 EEE 7+ %(  $4 EEE 7+ %%E

,&&+ ))FW,>C: ]F g.XV 5FWB`A+ ]<. W.A]>FC


% 0 AAA 4" !   0 AAA 4" !'  0 AAA 4" !! L2O79M
% 0 AAA 4" !'  0 AAA 4" !'  0 AAA 4" !!

%  0 AAA 4" !'  0 AAA 4" !!
<FA,X+ e<.W. ]<. )FC,>]>FC %  0 AAA 4" !'  0 AAA 4" !! 0 0 >X X]>X6., $.)`X. ]<. K>W
'  ! >X XX`B., ]F $. )FCX>X].C] e>]< ]<. X]F)<X]>) `]FB]FCO Q`]>FC L2O79M )C $.
W.5FWB`A]., X
2O^ ]]. F$X.Wd]>FC F5 X]F)<X]>) `]FB] ^D^

% 0 AAA 4" !   0 AAA 4" !'  0 AAA 4" !! L2O77M


4
% U 0!' AAA' U 4" #!' Q 0!' AAA' Q 4" !' R 0!' AAA' R 4" !!
=%
 4 A
% U 0!' AAA' U 4" #!' Q 0!' AAA' Q 4" !' R 0!' AAA' R 4" !!
$ ... %

<. KWF$$>A>]g ,>X]W>$`]>FC ]<] KK.WX >C ]<. C`B.W]FW C, ,.CFB>C]FW F5 L2O77M )C $.
X>BKA>6., X 5FAAFeX*
% U 0!' AAA' U 4" #!' Q 0!' AAA' Q 4" !' R 0!' AAA' R 4" !!  L2O7[M

% U 4" #!' R 4" !  U 4" !' Q 4" !' 0 AAA 4" , !'  0 AAA 4" , !'  0 AAA 4" , !! /
/% U 4" !' Q 4" !' 0 AAA 4" , !'  0 AAA 4" , !'  0 AAA 4" , !!  L2O7ZM

% U 4" #!' R 4" !  U 4" !' Q 4" !! /


/% U 0!' AAA' U 4" !' Q 0!' AAA' Q 4" !' R 0!' AAA' R 4" , !! L2O72M

 AAA 
% U 4" #!' R 4" !  U 4" !' Q 4" !! / L2O7DM
/% U 4" !' R 4" , !  U 4" , !' Q 4" , !! /
/AAA / % U !' R 0!  U 0!' Q 0!! / % U 0!' Q 0!' AA' Q 4" !!  L2O[iM

 4" ! /  4" , ! / AAA /  0! / % U 0!! / % Q 0!' AAA' Q 4" !! A L2O[IM
F F$]>C QO L2O7ZM+ g.XV 5FWB`A eX `X.,O <. 6WX] KWF$$>A>]g >C L2O7ZM )C $. W.5FWB`=
A]., X L2O72M ,`. ]F ]<. W@Fd KWFK.W]g L2O2MO <. X.)FC, KWF$$>A>]g ,>X]W>$`]>FC >C L2O7ZM
C, L2O72M <X  X>B>AW 5FWB X L2O7[MO CAg ]<. X]]. U C, F`]K`] R e>]< ]<. <>:<.X] ]>B.
>C,.f <d. ,>XKK.W., >C ]<. A>X] F5 W:`B.C]XO .C).+ ]<. XB. X>BKA>6)]>FC X].KX )C $.
)WW>., F`] X.d.WA ]>B.X `C]>A QO L2O[iM >X F$]>C.,O X U 0! >X >C,.K.C,.C] F5 Q 0!' AA' Q 4 " !
C, ]<. W.A]>FC
% U 4#!' R 4!  U 4!' Q 4!!   4! 5FW AA 4
<FA,X+ QO L2O[IM >X F$]>C.,O >CAAg+ L2O7^M W.X`A]X 5WFB >CX.W]>C: L2O[IM >C]F L2O77M C,
X>BKA>5g>C: ]<. W.X`A]>C: .fKW.XX>FCO 7
'

L>; 5(>L(; +D? R5( M>:UR7>< R> R5( >M(LXR7>< @L>:(; 7M >R7<(' [ '(R(L6
;7<7<4 R5( $><'7R7><: @L>7:7R[ '7MRL7UR7><M
)! $Z$7+ % ! 7+ %  )! $Z$7+ % !  $4 EEE 7+ %(  $4 EEE 7+ %%
3
 )! $!$4 EEE 7+ % !  $4 EEE 7+ %(  $4 EEE 7+ %%E A+DPTB
"2 ::: .  #

5( L(MU:RM L( MU;;L7M(' 7< R5( />::>Y7<4 R5(>L(;& Y57$5 7M  '7L($R $><M(EU(<$(
>/ 5(>L(; +D?%

(18. 6? 41-@=*1/ =1 =( 198A=*1/ 381-.5


/-9(8  9>/&9>( A>/,>/- D(>& >& (-(>(+ 9>> 28/(+(>F (9>8(A>(/-
)! $Z$4%%5 >& = 2(8 $(  % (9 /-9(9>-> D(>& >& A>/,>/- >& A88->
9>> 28/(+(>F (9>8(A>(/- (9 %(C- F
^D9 2O >:CFX>X C, W.)FC6:`W$A. )FC]WFA F5 ,>X)W.].=.d.C] XgX].BX

4 4
$7+ % 8 $7+ 4 "% 8 EEE 8 $"% 8 $4% 8 )! $Z$4%%
"2 ::: .  # M".$ #
 4 A+DPSB
$7+ % 8 $7+ 4 "% 8 EEE 8 $"% 8 $4% 8 )! $Z$4%%
"2:::.$ #

- >& 9> / A88-> A>/,>/- 9>>9 F 65 35$45


>R( R5R />L R7;( 7+  4 ED A+DPSB [7(:'M R5( @L>7:7R[ '7MRL7UR7><
)! $Z$4% ! 4% R5R R5( UR>;R>< 7M 7< R5( 7<7R7: MRR( Z$4% <' 5M 4(<(LR('
R5( >UR@UR V$4% />L R5( 7<@UR U$4%D 57M @L>7:7R[ 7M& 7< 4(<(L:& '7//(L(<R /L>;
)! $Z$4%%& Y57$5 L(@L(M(<RM R5( 6@L7>L7 @L>7:7R[ '7MRL7UR7>< >/ R5( 7<7R7: MRR(D
(<$(& R5( M(R
$4 ! 4%  #Z$4%  )! $Z$4% ! 4% 2 4$
7M '7//(L(<R /L>; $4 ! 4 "% 47X(< 7< ED A+D3=B <' MR7M0(M R5( L(:R7><
$4 ! 4% < $4 ! 4 "%E

       
     
            
     
   
 
 

       
     
            
     


   
 

+ +'9+ `]FB]FC :WK< F5 ]<. .fBKA.

6#(" +2 11 (/.31#(' (  /1(!/1# 21(&1('


FCX>,.W ]<. X]F)<X]>) `]FB]FC e<FX. `]FB]FC :WK< >X X<FeC >C >:O 2OIi C, e<FX.
>C>]>A X]]. >X `C>5FWBAg ,>X]W>$`].,*

% U, 0!  U!  U  ' AAA' !A

<. dA`. F5 ]<. $.<d>F`WA W.A]>FC  >X >C,>)]., ] ]<. )FWW.XKFC,>C: .,:.X F5 ]<. `=
]FB]FC :WK< `CA.XX >]X dA`. >X IO
AA X]]. X.Q`.C).X ]<] F))`W e>]< CFC=dC>X<>C: KWF$$>A>]g 5FW ]<. >CK`] X.Q`.C).
 0 AAA !  ' ' ' ' !
C, g>.A, ]<. F`]K`] X.Q`.C).
 0 AAA !  ' ' ' +' +!
W. X<FeC >C $A. 2OI ]F:.]<.W e>]< ]<. KWF$$>A>]>.X
2O^ ]]. F$X.Wd]>FC F5 X]F)<X]>) `]FB] ^D7

% U 0!  Q 0!' R 0!!' % 0 AAA !   0 AAA !'  0 AAA !! '
AAA' % 0AAA!   0AAA!'  0AAA!!'
e<>)< W. F$]>C., $g B.CX F5 QO L2O7^MO F]. ]<] ]<. dA`. F5
% 0 AAA 0!   0 AAA 0!'  0 AAA 0!!  % U 0!  Q 0!' R 0!!
e<>)< >X X<FeC >C )FA`BC E_ ,>55.WX 5WFB ]<. =KW>FW> KWF$$>A>]g ,>X]W>$`]>FC % U 0!! 


$.)`X. ]<>X =KFX].W>FW> KWF$$>A>]g >C)A`,.X ]<. >C5FWB]>FC KWFd>,., $g ]<. \ K>W
Q 0!' R 0!!O <>X >X ]<. W.XFC e<g ]<. X]].X U   C, U  + $F]< F5 e<>)< W. XX`B.,
$g ]<. `]FB]FC e>]< ]<. =KW>FW> KWF$$>A>]g % U 0!!   ,F CF] KK.W >C )FA`BC EIO

" +' WF$$>A>]g ,>X]W>$`]>FC %  '  ! F5 ]<. .fBKA. `]FB]FC

4"  0 4"   4"  -


 0 AAA 0!  !  0 AAA !  ' !  0 AAA -!  ' ' !
 0 AAA 0!  !  0 AAA !  ' !  0 AAA -!  ' ' !
0AAA0! % '  ! 0AAA! % '  ! 0AAA-! % '  !
! 0A ' ! 0A0-+ ' ' ! 0A0)+-
-! 0A ' -! 0A+ ' ' -! 0A0+
+! 0A ' +! 0A0) ' ' +! 0A0-
! 0A -' +! 0A+0(( ' -' +! 0A+0
)! 0A00 ' ! 0A+ ' ' ! 0A(
(! 0A ' )! 0A0() ' ' )! 0A0((
)' (! 0A+ ' )' (! 0A(
EI E_ E^ E9 E7 E[

4"  + 4"  
 0 AAA +!  ' ' ' !  0 AAA !  ' ' ' ' !
 0 AAA +!  ' ' ' +!  0 AAA !  ' ' ' +' +!
0 AAA +! %  '  ! 0 AAA ! %  '  !
' )' (' !  ' )' (' ' ! 
EZ E2 ED EIi

<. X]]. KWF$$>A>]g ,>X]W>$`]>FC F$]>C., $g B.CX F5 QO L2O[^M >X X<FeC >C >:O 2OIIO
<. KWF$$>A>]>.X W. ,.K>)]., >C :W.g X)A.O A)@ W.)]C:A.X XgB$FA>X.  KWF$$>A>]g F5 FC.+
e<>]. W.)]C:A.X  KWF$$>A>]g F5 h.WFO <. X.]  4"  4" ! >C)A`,.X AA X]].X U 4" ! e>]< CFC=
h.WF KWF$$>A>]g L:W.g C, $A)@ $Ff.XM*
 0  0!  ' -' +' ' )' (
   !  ' -' +' ' )' (
OO
O
   !   A'
7
^D[ 2O >:CFX>X C, W.)FC6:`W$A. )FC]WFA F5 ,>X)W.].=.d.C] XgX].BX

>–­žÅÏiˆžÂˆÍVØÂÂi™ÏÍÅÏ>ÏiÍ`ˆÅψLØψž™Å

x
ÅÏ>ÏiÅ
{

ç ¥ Ö Ñ {
ÅÏi­Å͎
+ +''+ $X.Wd]>FC W.X`A]

6>6$ @89*A "18. 1" =( 91-@=*1/

>L R5( @@:7$R7><& R5( (:(;(<RM >/ R5( M(EU(<$(M  $4 EEE 7+ % <'  $4 EEE 7+ % @@(L
><( /R(L R5( >R5(L />L 7+  4( "( 1( EEE <' M5>U:' ( @L>$(MM(' 7< R57M Y 5(L(6
/>L(& R5( />::>Y7<4 L($ULM7X( />L; >/ R5( M>:UR7>< R> R5( MRR( >M(LXR7>< @L>:(; 7M
7;@>LR<R A/>L  @L>>/ $/D "?1O#BD

(18. 6> 4@89*A 91-@=*1/ =1 =( 9== 198A=*1/ 381-.5


/-9(8  9>/&9>( A>/,>/- D(>& >& (-(>(+ 9>> (9>8(A>(/- )! $Z$4%%5
>& = 2(8 $(  % (9 /-9(9>-> D(>& >& 9>/&9>( A>/,>/- >& '2/9>8(/8(
9>> 28/(+(>F (9>8(A>(/- (9 %(C- F >& 8A89(C 8+>(/-9
4
$7+ % 8 )! $Z$7+ % ! 7+ 4 "%
M".$ #
)! $Z$7+ % ! 7+ %  4 (
$7+ % 8 )! $Z$7+ % ! 7+ 4 "%
M". #"M".$ #

$7+ , 4% A+DP3B
D(>&
4
$7+ 4 "%8)! $Z$7+ 4 "% ! 7+ 4 1%
M".  #
)! $Z$7+ % ! 7+ 4 "%  4 ( A+DP1B
$7+ 4 "%8)! $Z$7+ 4 "% ! 7+ 4 1%
M". #"M".  #

$7+ 2 4%

L>$Z$4% ! 4 "%  )! $Z$4%% $7+  4%E A+DPPB

>R( R5R R5( 7<@UR U$7+ % <' >UR@UR V$7+ % ;(MUL(' R R7;( 7+ @@(L M L4U6
;(<RM 7<
$7+ %   $Z$7+ ' "%( V$7+ % ! Z$7+ %( U$7+ %% E
2O^ ]]. F$X.Wd]>FC F5 X]F)<X]>) `]FB] ^DZ

EUR7>< A+DP1B 7M UM(' /R(L R5( @7L U$7+ 4"%( V$7+ 4"% 5M ((< ;(MUL('& Y57$5
:79(Y7M( >$$ULM 7< $7+ 4 "%D R '(M$L7(M  H@L('7$R7><I >/ R5( MRR( Z$7+ % [ UM7<4
R5( 7</>L;R7>< >UR R5( ;>X(;(<R >/ R5( MR>$5MR7$ UR>;R>< U<R7: R7;( 7 + 4 "D
R 7M  L($ULM7X( L(:R7>< Y5>M( 7<7R7: X:U( 7M 47X(< [ ED A+DPPBD EUR7>< A+DP1B
;9(M 7R @>MM7:( R> '(R(L;7<( )! $Z$7+ % ! 7+ 4"% />L 47X(< )! $Z$7+ 4"% ! 7+ 4
1% <' R5( <(Y ;(MUL(;(<RM U$7+ 4 "% <' V$7+ 4 "%D (<$(& ><:[ R5( @L>7:7R[
'7MRL7UR7>< )! $Z$7+ 4 "% ! 7+ 4 1% 5M R> ( MR>L(' 7< R5( $>;@UR(L ;(;>L[&
Y57$5 $><M7MRM >/  X:U(MD
EUR7>< A+DP3B '(M$L7(M 5>Y R5( @L('7$R7>< /L>; R5( @L(X7>UM R7;( @>7<R 5M R>
( $>LL($R(' /R(L R5( <(Y ;(MUL(;(<RM U$7+ % <' V$7+ % ($;( X7::(D 57M
MR(@ $< ( 7<R(L@L(R(' M  H@L>8($R7><I ><R> R5( M(R >/ R5>M( MRR(M Z$7+ % /L>;
Y57$5 R5( UR>;R>< $< 5X( ;>X(' Y5(< 4(<(LR7<4 R5( <(Y ;(MUL(;(<R 7</>L6
;R7>< V$7+ %D 5( L(MU:R >/ R5( L($ULM7>< 7M R5( 6@>MR(L7>L7 @L>7:7R[ '7MRL7UR7><
)! $Z$7+ % ! 7+ % >/ R5( $ULL(<R MRR( Z$7+ % />L R5( 47X(< ;(MUL(;(<RM U<R7: R7;(
7+ D 7R5 R57M MRLU$RUL(& R5( L($ULM7X( M>:UR7>< R> R5( MRR( >M(LXR7>< @L>:(; M5>YM
 L(;L9:( M7;7:L7R[ R> R5( :;< 0:R(L& Y57$5 :79(Y7M( $< ( '($>;@>M(' 7<R>
 @L('7$R7>< <'  @L>8($R7>< MR(@D

6>6; *9@99*1/ 1" =( 89@-=9


5( />::>Y7<4 L(;L9M $><$(L< R5( @@:7$R7>< >/ R5( >M(LXR7>< ;(R5>'D 5( 0LMR
RY> $>;;(<RM '(: Y7R5 @L>:(;M R5R ;[ @@(L 7/ R5( L(MU:RM @L(M(<R(' 7< 5(6
>L(;M +DT <' +DS L( UM(' R> 7;@:(;(<R < >M(LXR7>< :4>L7R5;D ($R7>< +DSDO
@L(M(<RM MU$5 < :4>L7R5;& Y57$5 :M> L(/(LM R> R5( $><M(EU(<$(M >/ R5( />::>Y7<4
L(;L9M $><$(L<7<4 R5( 5<':7<4 >/ 7<$><M7MR(<R Q @7LM >L YL><4 6@L7>L7 9<>Y:6
('4( >UR R5( 7<7R7: UR>;R>< MRR(D

/1/9*9=/= < 3*896 < Q @7L R5R 7M 4(<(LR(' [ M>;( MR>$5MR7$ @L>$(MM
7M $><M7MR(<R Y7R5 R5( MR>$5MR7$ UR>;R>< R5R '(M$L7(M R57M MR>$5MR7$ @L>$(MMD
>Y(X(L& 7< < @@:7$R7><& R5( M(EU(<$(M @L>$(MM(' [ R5( >M(LXR7>< :4>L7R5;
;[ ( MU8($R(' R> M>;( ;(MUL(;(<R (LL>LM& Y57$5 ;[ $UM( R5( Q @7L R>
($>;( 7<$><M7MR(<RD < R5( @@:7$R7>< >/ R5( >M(LXR7>< :4>L7R5; />L '74<>MR7$
@UL@>M(M& R5( Q @7L ;[ ( 4(<(LR(' [ R5( /U:R[ M[MR(; <'& 5(<$(& R5( Q
@7L ;[ ( 7<$><M7MR(<R Y7R5 R5( UR>;R>< Y7R5 R5( (5X7>UL: L(:R7>< >/ R5(
/U:R:(MM M[MR(;D 5( EU(MR7>< L7M(M Y5R 5@@(<M Y7R5 R5( >M(LXR7>< L(MU:RD
5( 7<$><M7MR(<$[ >/ R5( 47X(< Q @7L :('M R>  X7>:R7>< >/ $><'7R7>< A+D1TB&
Y57$5 7;@:7(M R5R R5( '(<>;7<R>LM 7< EMD A+DP3B <' A+DP1B X<7M5 <' <> M>:UR7><
R> R5( >M(LXR7>< @L>:(;M 7M />U<'D 5( >M(LXR7>< :4>L7R5; M5>U:'& R5(L(/>L(&
( 7<R(LLU@R(' 7/ R5( ;(<R7><(' '(<>;7<R>LM
3
$7+ % 8 )! $Z$7+ % ! 7+ 4 "%
M". #"M".$ #

($>;( \(L>& ($UM( R57M 7<'7$R(M R5( 7<$><M7MR(<$[ >/ R5( Q @7LD U$5  R(MR 7M
7<$:U'(' 7< R5( :4>L7R5; @L(M(<R(' 7< ($R7>< +DSDOD
^D2 2O >:CFX>X C, W.)FC6:`W$A. )FC]WFA F5 ,>X)W.].=.d.C] XgX].BX

)38*18* ,/1B-' 1@= =( */*=*- 9==6 < R5( M>:UR7>< R> R5( MRR( >M(LX6
R7>< @L>:(;& R5( 7<7R7: MRR( @L>7:7R[ '7MRL7UR7>< )! $Z$4%% 7M MMU;(' R>
( 9<>Y<D 7<$( 7< @@:7$R7><M& R57M 6@L7>L7 9<>Y:('4( 7M >/R(< <>R X7::(&
)! $Z$4%% 7M ;(MUL(' >L H4U(MM('ID 5( EU(MR7>< L7M(M Y5R 5@@(<M 7/ R5( 6
@L7>L7 9<>Y:('4( >UR Z$4% 7M 7< $><27$R Y7R5 R5( HL(:I 7<7R7: MRR( >/ R5( MR>$5M6
R7$ @L>$(MMD
> <MY(L R57M EU(MR7><& MMU;( R5R )! $ Z $4%% '(<>R(M R5( @@L>Z7;R( 7<7R7:
MRR( @L>7:7R[ '7MRL7UR7>< <' $><M7'(L R5( M(RM
2  #Z  )! $Z8 $4%  Z% 2 4$ < M A+DPOB
 2  #Z  )! $
Z8 $4%  Z% 2 4$ < M E A+DP+B
5( MR>$5MR7$ @L>$(MM MRLRM /L>; < 7<7R7: MRR( Z2 ) 2 & Y5(L(M 7< R5( >M(LX6
R7>< :4>L7R5; 7R 7M MMU;(' R5R R5( UR>;R>< MRLRM /L>; M>;( MRR( Z2 )  2 D 5(
6@L7>L7 9<>Y:('4( >UR R5( 7<7R7: MRR( 7M <>R 7< $><27$R Y7R5 R5( L(: M[MR(; 7/ R5(
L(:R7><
 2 = 2 A+DP=B
5>:'M RLU(D 5(<& R5( M>:UR7>< R> R5( >M(LXR7>< @L>:(; (<MUL(M R5R R5( L(:R7><
Z$7+ % ) $7+ ! 7+ %
7M X:7' />L :: 7+ , 4& 7D(D R5( M(R >/ $ULL(<R MRR(M '(R(L;7<(' [ R5( >M(LXR7><
:4>L7R5; 7<$:U'(M R5( RLU( MRR( >/ R5( MR>$5MR7$ @L>$(MMD / R5( @L>7:7R[ '7M6
RL7UR7>< )! $ Z $4%% UM(' 7< R5( >M(LXR7>< :4>L7R5; 7M '7//(L(<R /L>; R5( HL(:I
'7MRL7UR7>< )! $Z$4%%& R5( @L>7:7R[ '7MRL7UR7>< )! $Z$7+ % ! 7+ % >R7<(' [
R5( :4>L7R5; 7M YL><4& UR 7R 7M $$(@R(' 7< @L$R7$( M M>:UR7>< R> R5( >M(LXR7><
@L>:(; 'U( R> R5( :$9 >/  (RR(L 6@L7>L7 9<>Y:('4(D
/& 5>Y(X(L& $><'7R7>< A+DP=B 7M X7>:R('& R5(< 7R 7M @>MM7:( R5R R5( @L>7:7R[
)! $ $4 EEE 7+ % !  $4 EEE 7+ %( Z$4%% 7M \(L> />L :: 7<7R7: MRR(M Z$4% )  2 D ><M(6
EU(<R:[& :79( 7< R5( $M( >/ < 7<$><M7MR(<R Q @7L& R5( X7>:R7>< >/ R5( $><'7R7><
A+DP=B ;9(M R5( '(<>;7<R>LM 7< EMD A+DP3B <' A+DP1B X<7M5& Y57$5 $< ( UM('
M < 7<'7$R>L R> MR>@ R5( >M(LXR7>< :4>L7R5;D
57M <' R5( @L($('7<4 L(;L9M M5>Y R5R R5( >M(LXR7>< :4>L7R5; $<<>R '7M6
R7<4U7M5 (RY((< < 7<$><M7MR(<R Q @7L <'  YL><4 7<7R7: MRR( @L>7:7R[ '7M6
RL7UR7><D
M  $><M(EU(<$(& 7< < @@:7$R7>< R5( M(R  2 5M R> ( $5>M(< H:L4( (<>U45ID 
M($UL( Y[ 7M R> $5>>M( )! $ Z $4%% M> R5R  2  M 5>:'M& />L (Z;@:(& [ UM7<4
R5( U<7/>L; 7<7R7: MRR( '7MRL7UR7><
"
)! $ Z8  Z%  />L :: Z ) M E A+DO]B

>R( R5R 7< R5( :4>L7R5; @L(M(<R(' 7< ($R7>< +DSDO& )! $Z$4%% 7M L(@:$(' [
)! $ Z $4%% ($UM( )! $Z$4%% 7M UMU::[ <>R 9<>Y<D
(M7'(M R5( :$9 >/ 9<>Y:('4( >/ )! $Z$4%% <>R5(L /$R ;9(M 7R L(M><:(
R> UM( R5( 6@L7>L7 @L>7:7R[ '7MRL7UR7>< A+DO]BD >L ;<[ MR>$5MR7$ UR>;R&
R5( M>:UR7>< )! $Z$7+ % ! 7+ % >/ R5( >M(LXR7>< @L>:(; 7M A<(L:[B 7<'(@(<'(<R
2O^ ]]. F$X.Wd]>FC F5 X]F)<X]>) `]FB] ^DD

>/ )! $Z$4%% />L 7+ , 7 Y7R5 X(L[ M;:: 7D


 57M 7M @LR7$U:L:[ RLU( 7/ R5( M(R
!$7+ ! 7+ % 5M ><:[  /(Y (:(;(<RM $>;@L(' R> R5( $L'7<:7R[  >/ R5( MRR( M(R
M D

@88/= 9== 198A=*1/ 9=8=*/' "81.  ,/1B/ */*=*- 9==6 RR( >M(LXR7><
@L>:(;M L( UMU::[ M>:X(' 7/ R5( 7<7R7: MRR( Z2 7M <>R 9<>Y<D >Y(X(L& />L <><6
'(R(L;7<7MR7$ M[MR(;M R5( @L>:(; >/ L($><MRLU$R7<4 R5( $ULL(<R MRR( ;9(M M(<M(
:M> 7/ Z2 7M 9<>Y< ($UM( R5( 9<>Y:('4( >/ R5( $ULL(<R MRR( 7M :>MR 7/ R5( UR>;6
R>< ;9(M  <><6'(R(L;7<7MR7$ MRR( $5<4(D 57M /$R Y7:: ( '(;><MRLR(' [ R5(
/>::>Y7<4 (Z;@:(D

6#(" +1 11 (/.31#(' (. $'(4' #'#1#% /11


XX`B. ]<] 5FW ]<. X]F)<X]>) `]FB]FC ,.6C., >C fBKA. 2O_ ]<. >C>]>A X]]. >X @CFeC
]F $. U$   L>:O 2OIiMO 5 ]<. `]FB]FC eX ,.].WB>C>X]>)+ 5FW  :>d.C >CK`] X.Q`.C). 
]<. )`WW.C] X]].X U 4" ! )F`A, $. ,.].WB>C., 5FW 4"  ' -' AAA `CB$>:`F`XAgO Fe.d.W+
X>C). ]<. X]F)<X]>) `]FB]FC >X CFC=,.].WB>C>X]>)+ ]<. X]]. F$X.Wd]>FC KWF$A.B W.B>CX 
KWF$A.B ]F $. XFAd.,O
>B`A]>FC e>]< ]<. :>d.C >CK`] X.Q`.C).  0 AAA +!  ' ' ' ! g>.A,X ]<. KWF$$>A>]g
% U 4" !   ! :>d.C $g QO L2O_[M C, X<FeC >C $A. 2O_O FW 4   ]<. W.X`A]X F$]>C.,
5WFB X>B`A]>FC L)FA`BC E_M C, 5WFB F$X.Wd]>FC L)FA`BC E^M ,F CF] ,>X]>C:`>X< $.)`X.
5FW AA X]]. ]WCX>]>FCX ]<. XB. F`]K`] F))`WXO Fe.d.W+ X>C). ]<. ]WCX>]>FC 5WFB X]]. 9
]FeW,X X]]. 9+ e<>)< >X  KFXX>$A. X>B`A]>FC W.X`A]+ :.C.W].X ]<. F`]K`] R  -+ e<>)<
)FC]W,>)]X ]<. F$X.Wd., F`]K`] R -!  R +!  + ]<. X>B`A]>FC C, ]<. F$X.Wd]>FC W.=
X`A]X :>d.C >C )FA`BCX E7 C, E[ FW E2 C, ED+ W.XK.)]>d.Ag+ ,>55.WO C KW]>)`AW+ ]<. X]].
F$X.Wd]>FC g>.A,X ]<. W.X`A] ]<] ]<. `]FB]FC )CCF] $. >C X]]. 9+ e<>)< >X KW.,>)]., $g
]<. X>B`A]>FC e>]< ]<. KWF$$>A>]g F5 0A- FW 0A()+ W.XK.)]>d.AgO
<>X .fBKA. X<FeX ]<] ,`. ]F ]<. CFC=,.].WB>C>XB F5 ]<. X]F)<X]>) KWF).XX+ ]<. X]].
F$X.Wd]>FC KWF$A.B <X ]F $. XFAd., .d.C >5 ]<. >C>]>A X]]. >X `CB$>:`F`XAg @CFeCO $=
X.Wd]>FC W.6C.X ]<. W.X`A]X F$]>C., 5WFB X>B`A]>FC $.)`X. F$X.Wd]>FC `X.X AXF ]<. >C=
5FWB]>FC KWFd>,., $g ]<. B.X`W., F`]K`] X.Q`.C).O 7 '
9ii 2O >:CFX>X C, W.)FC6:`W$A. )FC]WFA F5 ,>X)W.].=.d.C] XgX].BX

" +2 FBKW>XFC F5 ]<. X>B`A]>FC C, ]<. F$X.Wd]>FC W.X`A]XO

4"   4"  -
 0 AAA !  ' !  0 AAA -!  ' ' !
 0 AAA !  ' !  0 AAA -!  ' ' !
U ! % U ! % U'  ! U -! % U ! % U'  !
I iO^ iO^ I iOiD iOII_7
_ iO7 iO7 _ iOI7 iOI2Z7
^ iO_ iO_ ^ iO7[ iOZiii
9 i i 9 iO_i i
EI E_ E^ E9 E7 E[

4"  +
 0 AAA +!  ' ' ' !
 0 AAA +!  ' ' ' !
U +! % U ! % U'  !
I iOi_Z iOII_7
_ iOi97 iOI2Z7
^ iOI[2 iOZiii
9 iOZ[i i
EZ E2 ED

6>6: 98A=*1/ -'18*=(.

> M5>Y 5>Y R5( >M(LXR7>< ;(R5>' '(X(:>@(' 7< R57M M($R7>< $< ( @@:7(' ><6
:7<(& R57M M($R7>< @L(M(<RM < >M(LXR7>< :4>L7R5;& Y57$5 7M M(' >< R5( L($ULM7X(
M>:UR7>< 47X(< 7< 5(>L(; +DSD 5( />::>Y7<4 L(X7R7><M L( UM('%
3
3$Z$7+ %%  $7+ % 8 )! $Z$7+ % !  $4 EEE 7+ 4 "%(  $4 EEE 7+ 4 "%%
M".$ #

C. $Z$7+ %%  L>$Z$7+ % !  $4 EEE 7+ %(  $4 EEE 7+ %%


C? $Z$7+ '"%%  L>$Z$7+ '"% !  $4 EEE 7+ %(  $4 EEE 7+ %%
2O^ ]]. F$X.Wd]>FC F5 X]F)<X]>) `]FB] 9iI

-'18*=(. 62 98C>(/- / 9>/&9>( A>/,>

*A/ R>$5MR7$ UR>;R>< D


<7R7: MRR( @L>7:7R[ '7MRL7UR7>< )! $
Z $4%%D
/*=*-*9=*1/ C? $Z%  )! $
Z8 $4%  Z% />L :: Z ) M
7+  4D
113
?D (MUL( R5( $ULL(<R 7<@UR U <' >UR@UR VD
TD >L :: Z ) M '(R(L;7<(
4
3$Z%  M $ Z ( V ! Z( U% 8 C? $Z%D
4
SD / M 3$Z%  4 5>:'M& MR>@ R5( :4>L7R5; A7<$><M7MR(<R Q
@7L >L YL><4 7<7R7: MRR( '7MRL7UR7><BD
3$Z%
3D >L :: Z ) M '(R(L;7<( C. $Z%  3 D
3$Z%
M
3
$Z( V ! Z( U% C? $
Z%
M 3
1D >L :: Z ) M '(R(L;7<( C? $Z%  D
3$Z%
M

PD (R(L;7<( $7+ ! 7+ % $$>L'7<4 R> ED A+D3+BD


OD 7+  7+ '"
><R7<U( Y7R5 R(@ ?D
9@-= C. $Z$7+ %%  L>$Z$7+ % !  $4 EEE 7+ %(  $4 EEE 7+ %% <'
$7+ ! 7+ % />L 7<$L(M7<4 R7;( 5>L7\>< 7+ D
< R(@ S R5( $><M7MR(<$[ >/ R5( Q @7L <' >/ R5( 6@L7>L7 @L>7:7R[ '7MRL7UR7><
7M R(MR(' M '(M$L7(' 7< ($R7>< +DSDPD R(@M 3 <' 1 UM( ED A+DP3B <' A+DP1B&
L(M@($R7X(:[& Y5(L( R5( :MR (EUR7>< 7M YL7RR(< />L 7+ '" 7<MR(' >/ 7+ D 5( R(MR 7<
R(@ S (<MUL(M R5R R5( '(<>;7<R>LM >/ >R5 (EUR7><M '> <>R X<7M5D
>R( R5R 7< ($5 MR(@ >/ R5( :4>L7R5; X(L[ (M[ $:$U:R7><M 5X( R> ( $LL7('
>UR& Y57$5 ;9(M R5( :4>L7R5; @@:7$:( U<'(L L(:R7X(:[ MRL><4 L(:6R7;( $><6
MRL7<RMD 7<$( R5( :4>L7R5; 7M M(' >< R5( L($ULM7X( M>:UR7>< R> R5( MRR( >M(LX6
R7>< @L>:(;& 7RM $>;@:(Z7R[ '>(M -/> 7<$L(M( Y7R5 R5( :(<4R5 >/ R5( ;(MUL(;(<R
M(EU(<$(M  <'  D <:[ R5(  X:U(M >/ R5( /U<$R7><M 3$Z%& C. $Z% <' C? $Z% 5X(
R> ( MR>L(' 7< R5( ;(;>L[D
9i_ 2O >:CFX>X C, W.)FC6:`W$A. )FC]WFA F5 ,>X)W.].=.d.C] XgX].BX

6>6 == 198A=*1/ 1" /1/)=8.*/*9=* @=1.=

57M M($R7>< $><$(L<M R5( >M(LXR7>< @L>:(; />L R5( <><6'(R(L;7<7MR7$ UR>;R><D
5( M>:UR7>< $< ( >R7<(' '7L($R:[ /L>; R5( M>:UR7>< '(X(:>@(' />L R5( MR>$5M6
R7$ UR>;R>< 7/ R5( @L>7:7MR7$ 7</>L;R7>< 7M L(@:$(' [ MM(LR7><M R5R M7;@:[
M[ Y5(R5(L >L <>R  MRR( (:><4M R> R5( M>:UR7>< M(R $7+ ! 7+ %D 5( M>:UR7>< 7M
47X(< 5(L( ($UM( 7R 7::UMRLR(M R5( M>:UR7><& Y57$5 5M ((< '(L7X(' [ ;(<M >/
@L>7:7R[ R5(>L[ 7< R5( @L($('7<4 M($R7><M& /L>;  '7//(L(<R X7(Y@>7<RD
5( >M(LXR7>< @L>:(; R> ( M>:X(' 7M R5( M;( M R5R 47X(< >< @D S=] Y7R5 R5(
MR>$5MR7$ UR>;R><  L(@:$(' [ R5( <><6'(R(L;7<7MR7$ UR>;R><
 $ M ( I ( J ( 4 ( Z2 %E
< $><RLMR R> R5( MR>$5MR7$ UR>;R><& R5( (5X7>UL: L(:R7>< 4 >/ R5( <><6
'(R(L;7<7MR7$ UR>;R>< M ><:[ Y5(R5(L >L <>R R5( RL<M7R7>< /L>; MRR( Z$7%
R>YL'M MRR( Z$7 ' "% 7M @>MM7:( />L R5( 47X(< 7<@UR U$7% <' >UR@UR V$7%D 57M
RL<M7R7>< 7M @>MM7:( 7/
+ $Z$7'"%( V$7%( Z$7%( U$7%%  "
>L& (EU7X:(<R:[&
$Z$7+ ' "%( V$7%( Z$7%( U$7%% ) $+ %
5>:'M A$/D ED A+D1BB& UR <> @L>7:7MR7$ 7</>L;R7>< >UR R5( >$$ULL(<$( >/ R57M
RL<M7R7>< 7M 47X(<D 5(L(/>L(& :: @L>7:7R7(M L( L(@:$(' [ < 7<'7$R>L /U<$R7><
H!**I R5R '(M$L7(M Y5(R5(L >L <>R  $(LR7< 7<@UR& MRR( >L >UR@UR @>MM7:[ >$$ULM
A5( >@(LR>L <;( >MM L(X7R(M 2/99((+(>FBD $$>L'7<4:[&
!**$Z$7+ %  Z! 7+ %  "
7<'7$R(M R5R R5( MRR( Z 7M @>MM7:[ MMU;(' [ R5( <><6'(R(L;7<7MR7$ UR>;R>< R
R7;( 7+ <'
!**$Z$7+ %  Z ! 7+ %  4
M R5R Z $<<>R ( MMU;('D
5( 7<7R7: MRR( Z2 >/ R5( <><6'(R(L;7<7MR7$ UR>;R>< 7M <>R 9<>Y<D R 7M MMU;('
R5R  M(R $4% < M 7M 47X(< MU$5 R5R Z2 ) $4% 5>:'MD 57M M(R L(@L(M(<RM R5(
6@L7>L7 9<>Y:('4( >UR Z2 D
5( '74<>MR7$ M>:UR7>< />L R5( <><6'(R(L;7<7MR7$ UR>;R>< $< ( >R7<(' '76
L($R:[ /L>; R5( M>:UR7>< '(X(:>@(' />L R5( MR>$5MR7$ UR>;R>< 7/ R5( />::>Y7<4
<:>47(M L( R9(< 7<R> $$>U<R%
$Z  ( V ! Z( U% 2 4  $Z  ( V( Z( U% ) $4 % (
)! $Z$7+ % ! 7+ % 2 4  !**$Z$7+ % ! 7+ %  " (
)! $Z$7+ % ! 7+ %  4  !**$Z$7+ % ! 7+ %  4 (
Z$7+ % ) $7+ ! 7+ %  Z$7+ % ) 4 $7+ ! 7+ % E
5(M( <:>47(M L( (EU7X:(<$(M 7/ R5( 7<7R7: MRR( >/ R5( <><6'(R(L;7<7MR7$ UR>;6
R>< 7M 9<>Y< R> ( 7< R5( M(R $4 ! 4 "% '(0<(' />L R5( MR>$5MR7$ UR>;R><D >R(
2O^ ]]. F$X.Wd]>FC F5 X]F)<X]>) `]FB] 9i^

R5R />L R5( MR>$5MR7$ UR>;R>< R5( <:>47(M >/ EMD A+DP3B , A+DPPB [7(:' ><:[
[(MQ<> <MY(LM 7<MR(' >/ @L>7:7R[ X:U(M%


" 7/ !**$Z$7+ % ! 7+ 4 "%  " <'
!**$Z$7+ % ! 7+ %  +Z$7+ '"%  $Z$7+ '"%( V$7+ %( Z$7+ %( U$7+ %% ) $4 %


4 (:M(
$7+ , 4% A+DO?B
Y7R5
!**$Z$7+ % ! 7+ 4 "%  A+DOTB


" 7/ +Z$7+ 4 "%  !**$Z$7+ 4 "% ! 7+ 4 1%  " <'
$Z$7+ %( V$7+ 4 "%( Z$7+ 4 "%( U$7+ 4 "%% ) $4 % $7+ 2 4%


4 (:M(

!**$Z$4% ! 4 "%  !**$Z$4%% $7+  4%E A+DOSB


< EMD A+DO?B , A+DOSB  @>M7R7X( X:U( />L R5( :(/R65<' M7'( L(MU:RM Y5(<(X(L 7<
EMD A+DP3B , A+DPPB R5( <U;(LR>L 7M @>M7R7X(D 57M L(MU:R $< ( L(/>L;U:R(' 7< 
M5>LR(L Y[ 7/ R5( M(RM
$7+ ! 7+ %  #Z  !**$Z$7+ % ! 7+ %  "$
$7+ ! 7+ 4 "%  #Z  !**$Z$7+ % ! 7+ 4 "%  "$
L( UM('%
(18. 6& 4@89*A 91-@=*1/ =1 =( 9== 198A=*1/ 381-. "18 =( /1/)
=8.*/*9=* @=1.=1/5
/-9(8  -/-'>8,(-(9>( A>/,>/- D(>& >& (-(>(+ 9>> 9> $4%5 >& =
2(8 $(  % (9 /-9(9>-> D(>& >& -/-'>8,(-(9>( A>/,>/- >&- >& 9> / 2/9'
9(+ A88-> 9>>9 (9 %(C- F
$7+ ! 7+ %  #Z ) $7+ ! 7+ 4 "%  $0
Z ( V$7+ %( Z( U$7+ %% ) $4 % A+DO3B
/>L M>;( Z0 ) M $ $7+ , 4%(
D&8
$7+ ! 7+ 4 "%  #Z  $Z( V$7+ 4 "%( Z0( U$7+ 4 "%% ) $4 % A+DO1B
/>L M>;( Z0 ) $7+ 4 " ! 7+ 4 "%$ $7+ 2 4%

$4 ! 4 "%  $4% $7+  4%A+DOPB


&/+95

< Q @7L 7M $><M7MR(<R Y7R5 R5( <>6'(R(L;7<7MR7$ UR>;R>< 7/ />L M>;( 7<7R7:
MRR( 7< R5( 47X(< 7<7R7: MRR( M(R R5( UR>;R>< ;[ 4(<(LR(  MRR( M(EU(<$( />L
R5( 47X(< 7<@UR M(EU(<$(  MU$5 R5R R5( >UR@UR M(EU(<$(  7M >R7<('D /R(L R5(
Q @7L $ $4 EEE 7+ 4 "%(  $4 EEE 7+ 4 "%% 5M ((< >R7<('& ED A+DO1B @L('7$RM ::
9i9 2O >:CFX>X C, W.)FC6:`W$A. )FC]WFA F5 ,>X)W.].=.d.C] XgX].BX

/URUL( MRR(M Z$7+ % R5R R5( <><6'(R(L;7<7MR7$ UR>;R>< $< MMU;(D 5(M( MRR(M
L( 47X(< [ R5( (5X7>UL: L(:R7>< 4 />L R5( :MR 7<@UR U$7+ 4 "%& :MR >UR@UR
V$7+ 4 "% <' R5( MRR(M Z$7+ 4 "% ) $7+ 4 " ! 7+ 4 "%D 57M MR(@ $>LL(M@><'M
R> R5( H@L('7$R7><I MR(@ '7M$UMM(' 7< ($R7>< +DSD1 />L R5( MR>$5MR7$ UR>;R><D >L
7+  4 R5( L(MU:R 7M 47X(< [ ED A+DOPBD
EUR7>< A+DO3B '(R(L;7<(M R5( M(R >/ $ULL(<R MRR(M Z$7+ % [ M(:($R7<4 :: R5>M(
MRR(M /L>; R5( M(R $7+ ! 7+ 4 "% /L>; Y57$5 R5( UR>;R>< $< 4> R> <>R5(L MRR(
/>L R5( ;(MUL(' 7<@UR U$7+ % Y57:( 4(<(LR7<4 R5( ;(MUL(' >UR@UR V$7+ %D 57M 7M
R5( H@L>8($R7><I MR(@ '7M$UMM(' 7< ($R7>< +DSD1 />L R5( MR>$5MR7$ UR>;R><D
5( R5(>L(; :('M R> R5( />::>Y7<4 >M(LXR7>< :4>L7R5;& 7< Y57$5 R5( M(RM
.  $7+ ! 7+ %
?  $7+ ! 7+ 4 "%
L( L($ULM7X(:[ U@'R(' /R(L  <(Y ;(MUL(;(<R 7</>L;R7>< 5M ((< >R7<('D

-'18*=(. 6? 98C>(/- / -/-'>8,(-(9>( A>/,>

*A/ ><6'(R(L;7<7MR7$ UR>;R>< D


<7R7: MRR( M(R $4%D
/*=*-*9=*1/ ?  $4%
7+  4D
113
?D (MUL( R5( $ULL(<R 7<@UR U <' >UR@UR VD
TD (R(L;7<(
.  #Z ) ?  $0
Z ( V( Z( U% ) $4 % />L M>;( Z0 ) M $D
SD / .  *& MR>@ R5( :4>L7R5; A7<$><M7MR(<R Q @7L >L YL><4
7<7R7: MRR( M(RBD
3D (R(L;7<(
?  #Z  $Z( V( Z0( U% ) $4 % />L M>;( Z0 ) . $D
1D 7  7'"
><R7<U( Y7R5 R(@ ?D
9@-= .  $7+ ! 7+ % />L 7<$L(M7<4 R7;( 5>L7\>< 7+ D

6#(" + 11 (/.31#(' (  '('"1.&#'#/1# 21(&1('


FCX>,.W ]<. `]FB]FC `X., >C fBKA. 2O_ e<FX. `]FB]FC :WK< >X ,.K>)]., >C >:O 2OIi
FC K:. ^D9O <. CFC=,.].WB>C>X]>) `]FB]FC e<>)< e>AA $. >Cd.X]>:]., CFe >X F$]>C., >5
]<. X]]. ]WCX>]>FC KWF$$>A>]>.X XXF)>]., e>]< ]<. .,:.X F5 ]<. :WK< W. >:CFW.,O
<. >C>]>A X]]. >X XX`B., ]F $.AFC: ]F ]<. X.]
 0  , !  ' -' +' ' ' )' (' '
2O^ ]]. F$X.Wd]>FC F5 X]F)<X]>) `]FB] 9i7

e<>)< g>.A,X ]<. >C>]>A dA`. F5 1 >C ]<. >C>]>A>X]>FC X].K F5 ]<. A:FW>]<BO 5].W ]<. 6WX]
B.X`W.B.C]
Q 0!   C, R 0!  
<X $..C F$]>C.,+ ]<. KWF?.)]>FC X].K g>.A,X
%  ' -' +' ' )' (
e<>)< >X >,.C]>)A ]F ]<. X.]  0  0! F5 AA >C>]>A X]].X U 0! 5FW e<>)<  X]]. ]WCX>]>FC
.f>X]X X`)< ]<] ]<. CFC=,.].WB>C>X]>) `]FB]FC :.C.W].X ]<. F`]K`] R 0!   5FW ]<. >CK`]
Q 0!   L].K _ F5 ]<. A:FW>]<BMO C ]<. `]FB]FC :WK< ]<>X X.] )C $. 5F`C, $g AFF@>C:
5FW AA X]].X U !  0  , ! >C e<>)< C .,:. X]W]X ]<] >X A$.AA., e>]< Q   C, R  O
C ].K 9 ]<. A:FW>]<B ,.].WB>C.X ]<. X.]
1  ' -' +' ' ' )' ('      0!
F5 X]].X U ! ]<] ]<. `]FB]FC )C XX`B. 5].W ]<. X]]. )<C:.X ]<] <d. $..C )FCX>,.W.,
?`X] CFeO <>X KW.,>)]>FC KWFd>,.X ]<. X.] F5 X]].X >C e<>)< ]<. `]FB]FC )C $. 5].W >] <X
:.C.W]., ]<. F`]K`] R 0!   5FW ]<. >CK`] Q 0!  O
FW ]<. C.f] B.X`W.B.C]
Q !   C, R !  
]<. ].KX _ C, 9 F5 ]<. A:FW>]<B g>.A,
%  ' -' +' ' )' (     !
1  ' -' +' ' ' )' ('    -  !
C, 5FW
Q -!   C, R -!  
]<. X.]X
%  ' -' +' ' )' (   -  -!
1  ' -' +' ' ' )' ('    +  -! A
C >BKWFd.B.C] F5 ]<. F$X.Wd]>FC W.X`A] >X F$]>C., 5].W ]<. B.X`W.B.C]
Q +!   C, R +!  +
<X $..C F$]>C.,+ $.)`X. ]<.C ]<. X>C:A.]FCX
%     +  +!
1       +!
W.X`A]O .C).+ ]<. X]]. >X 5F`C, `CB$>:`F`XAg ]F $. 2O
].K ^ ].X]X e<.]<.W ]<. X.] % >X CFC.BK]g+ e<>)< >C,>)].X e<.]<.W ]<. \ K>W >X )FC=
X>X].C] e>]< ]<. `]FB]FCO FW %  " CF X]]. X.Q`.C). 0 AAA 4" ! .f>X]X 5FW e<>)< ]<.
`]FB]FC :.C.W].X ]<. B.X`W., F`]K`] X.Q`.C). 5FW ]<. :>d.C >CK`] X.Q`.C).O 7'

5( MRR( >M(LXR7>< :4>L7R5; />L <><6'(R(L;7<7MR7$ UR>;R $:(L:[ '(;><6


MRLR(M 5>Y MRR( >M(LXR7>< $< ( '><( />L '7M$L(R(6(X(<R M[MR(;MD M R5( (Z;@:(
5M M5>Y<& R5( :4>L7R5; :>>9M />L MRR( RL<M7R7><M R5R $< >$$UL U<'(L R5( ;(6
MUL(' 7<@UR <' >UR@UR U$7+ % <' V$7+ %D 57M $< ( '><( L($ULM7X(:[& ($UM( R5(
7</>L;R7>< >R7<(' /L>; (L:7(L ;(MUL(;(<RM 7M MR>L(' 7< R5( M(R $7+ ! 7+ 4 "%D
/R(L R5( 7+ 6R5 ;(MUL(;(<R 5M ((< >R7<('& ><:[ R5>M( MRR(M 5X( R> ( $><M7'6
(L(' R5R L( (:(;(<RM >/ $7+ ! 7+ 4 "%D
9i[ 2O >:CFX>X C, W.)FC6:`W$A. )FC]WFA F5 ,>X)W.].=.d.C] XgX].BX

5( Q @7L 7M 7<$><M7MR(<R 7/ <> MRR( $5<4( (Z7MRM R5R MRLRM 7< R5( M(R $7+ ! 7+ 4
"% <' [7(:' />L R5( 7<@UR U$7+ % R5( 47X(< >UR@UR V$7+ %D

1.38*91/ B*=( =( 9== 198A=*1/ 1" 9=1(9=* @=1.=6 5( '7//(L(<$(
(RY((< R5( >M(LXR7>< :4>L7R5;M />L R5( <><6'(R(L;7<7MR7$ <' R5( MR>$5MR7$ U6
R>;R>< :7(M ><:[ 7< R5( /$R R5R />L R5( MR>$5MR7$ UR>;R><  @L>7:7R[ '7MRL76
UR7>< >X(L R5( M(RM $7+ ! 7+ 4 "% <' $7+ ! 7+ % $< ( '(R(L;7<('D >L R5(
MR>$5MR7$ UR>;R>< $><M7'(L(' 7< Z;@:( +DT <' />L R5( <><6'(R(L;7<7MR7$ U6
R>;R>< $><M7'(L(' 7< Z;@:( +D3 R5( L(MU:R7<4 M(RM $7+ ! 7+ % L( R5( M;(D >Y6
(X(L& />L R5( MR>$5MR7$ UR>;R>< ''7R7><: @L>7:7MR7$ 7</>L;R7>< 7M >R7<('&
Y57$5 :('M R> R5( L(MU:R @L(M(<R(' 7< 74D +D??D 57M 7M < ''7R7><: 7</>L;R7><&
Y57$5 7< @L$R7$( 7M X(L[ UM(/U:& ($UM( R5( MRR( >M(LXR7>< L(MU:R 7M UMU::[ <>R
 U<7EU( MRR( UR  M(R >/ M(X(L: MRR(MD 5(<& R5( @L>7:7R[ >/ R5( '7//(L(<R MRR(M
7< R5( M>:UR7>< M(R 5(:@M R> (X:UR( R5( >M(LXR7>< L(MU:R $><$(L<7<4 R5(7L @L$R7$:
L(:(X<$(D >L (Z;@:(& 7/ R5( UR>;R>< 7M />U<' R> ( 7<  '<4(L>UM MRR( R5(< R5(
@L>7:7R[ Y7R5 Y57$5 R57M L(MU:R 7M L(:(X<R $< ( UM(' R> '($7'( >UR MU@(LX7M>L[
$><RL>: $R7><MD

6>60 98A*-*=D 1" 9=1(9=* @=1.=

< R57M M($R7><&  <>R7>< >/ >M(LX7:7R[ 7M 7<RL>'U$('& Y57$5 R9(M 7<R> $$>U<R R5R
/>L MR>$5MR7$ UR>;R R5( MRR( 4(<(L::[ $<<>R ( '(R(L;7<(' U<;74U>UM:[D
X(< 7/ R5( 7<7R7: MRR( 7M 9<>Y<& R5( UR>;R>< ;[ @L>'U$( < Q @7L R5R '>(M
<>R ::>Y R> RL$9 R5( MRR( RL8($R>L[ Y7R5 $(LR7<R[D

                   


     

  
      

                        


+ +'2+ FBKW>XFC F5 X>B`A]>FC C, F$X.Wd]>FC

5( >M(LX7:7R[ '(0<7R7>< 7M M(' ><  $>;@L7M>< >/ R5( L(MU:RM R5R L( >6
R7<(' [ ;(<M >/ M7;U:R7>< <' >/ >M(LXR7>< A$/D 74D +D?TBD >U45:[ M@(97<4&
R5( MR>$5MR7$ UR>;R>< 7M $::(' >M(LX:( 7/ 7R 7M @>MM7:( R> '(R(L;7<( R5( MRR(
;>L( @L($7M(:[ [ MRR( >M(LXR7>< R5< [ M7;U:R7><D (/>L( '(0<7<4 R5( >M(LX6
7:7R[ 7< R57M Y[& M7;U:R7>< <' >M(LXR7>< 5X( R> ( $>;@L(' 7< ;>L( '(R7:D
2O^ ]]. F$X.Wd]>FC F5 X]F)<X]>) `]FB] 9iZ

>L >R5 M7;U:R7>< <' >M(LXR7><& R5( 7<7R7: MRR( '7MRL7UR7><


)! $Z$4%% <' R5( 7<@UR M(EU(<$(  5X( R> ( 9<>Y<D
% < 9*.@-=*1/& R5( $ULL(<R MRR( @L>7:7R[ '7MRL7UR7>< 7M '(R(L;7<(' [ ED A+DTPB
Y57$5 @L>@4R(M R5( 7<7R7: MRR( @L>7:7R[ '7MRL7UR7>< $$>L'7<4 R> R5( MRR(
RL<M7R7>< L(:R7><  >/ R5( MR>$5MR7$ UR>;R>< <' [7(:'M R5( $ULL(<R MRR( @L>6
7:7R[ '7MRL7UR7>< )! $Z$7+ % !  $4 EEE 7+ 4 "%%D $$>L'7<4 R> ED A+DT=B R5( M(R
>/ MRR(M 7< Y57$5 R5( MR>$5MR7$ UR>;R>< L($7'(M R R7;( 7+ Y7R5 <><6X<7M57<4
@L>7:7R[ />L R5( 47X(< R5( 7<@UR M(EU(<$(  $4 EEE 7+ % 7M
 $ $4 EEE 7+ %%  #Z$7+ %  )! $Z$7+ % !  $4 EEE 7+ %% 2 4$ E A+DOOB
% < 9== 198A=*1/ '(M$L7(' [ 5(>L(; +DS R5( ''7R7><: 7</>L;R7>< 7<6
$:U'(' 7< R5( >UR@UR M(EU(<$(  7M UM(' R> '(R(L;7<( R5( @L>7:7R[
)! $Z$7+ %! $4 EEE 7+ %(  $4 EEE 7+ %%
>/ R5( MRR( Z$7+ % @L>X7'(' R5R R5( 7<@UR <' R5( >UR@UR M(EU(<$(M  <' 
L( 9<>Y< $$>L'7<4 R> ED A+DPSBD 5( M(R >/ MRR(M $7+ ! 7+ % 7M >R7<(' [
ED A+D3+BD
M R5( MRR( >M(LXR7>< UM(M R5( 4(<(LR(' >UR@UR M(EU(<$( M ''7R7><: $><MRL7<R
Y5(< '(R(L;7<7<4 R5( M(R >/ @>MM7:( MRR(M Z$7+ %& R5( L(:R7><
A,2 $ $4 EEE 7+ %% = $7+ ! 7+ %
5>:'MD

=1(9=* @/198A*-*=D6 < UR>;R>< 7M $::(' U<>M(LX:( 7/ />L :: 7<@UR


M(EU(<$(M  R5( Q @7L $(  % '>(M <>R 7<$:U'( ;>L( 7</>L;R7>< R5< R5( 7<@UR
 :><(D 57M $< ( MRR(' ;>L( />L;::[ M />::>YM%

#/*=*1/ 6? 4=1(9=* @/198A*-*=D5


 9>/&9>( A>/,>/- (9 ++ MR>$5MR7$::[ U<>M(LX:( ( >& &C(/A8+ 8'
+>(/-  -  8289-> 9 >& 28/A> / >D/ A->(/-9
  M 5 M 5 I 
4( "

 J 5 I 
4( "
9A& >&>
$Z  ( V ! Z( U%  $Z  ! Z( U% 8
$V ! U% A+DO+B
&/+9 /8 ++ Z  ( Z ) M  U ) I - V ) J 5
M (/>L(& R5( /U<$R7><M $Z  ( Z( U% <'
$V( U% L( '(<>R(' [ $Z  ! Z( U% >L

$V ! U%& L(M@($R7X(:[& ($UM( R5([ RUL< >UR R> ( $><'7R7><: @L>7:7R7(MD


(0<7R7>< +DT 5M < >X7>UM 7<R(L@L(RR7><D EUR7>< A+DO+B M R5R R5( >UR@UR
V '>(M <>R '(@(<' >< Z <'& 5(<$(& '>(M <>R @L>X7'( <[ 7</>L;R7>< >UR R5(
$ULL(<R UR>;R>< MRR(D ULR5(L;>L( ED A+DO+B 7;@:7(M R5R V '>(M <>R '(@(<' ><
9i2 2O >:CFX>X C, W.)FC6:`W$A. )FC]WFA F5 ,>X)W.].=.d.C] XgX].BX

Z  <'& 5(<$(& R5( >UR@UR '>(M <>R @L>X7'( <[ 7</>L;R7>< >UR R5( MU$$(MM>L MRR(
(7R5(LD

98A*-*=D =9=6 (/>L( R5( $><M(EU(<$(M >/ ED A+DO+B Y7:: ( '7M$UMM(' 7R
M5>U:' ( ;(<R7><(' 5>Y R57M '(0<7R7>< $< ( UM(' R> R(MR Y5(R5(L  MR>$5MR7$ U6
R>;R>< 7M MR>$5MR7$::[ U<>M(LX:(D R 7M (M[ R> M(( R5R R5( HL7RLL[I /U<$R7><
 <'
UM(' 7< ED A+DO+B L( R5( $><'7R7><: @L>7:7R7(M '(0<(' [ EMD A+D?PB
<' A+D?OBD L>; R57M /$R 7R 7M $:(L R5R R5( '($>;@>M7R7>< >/  7< R5( />L; A+DO+B
7M />U<' A7/ 7R (Z7MRMB [ '(R(L;7<7<4  <'
$$>L'7<4 R> EMD A+D?PB <' A+D?OB
<' [ R(MR7<4 Y5(R5(L ED A+DO+B 5>:'MD >R( R5R R5( /U<$R7><
>R7<(' /L>;
ED A+D?OB 7M <>R ::>Y(' R> '(@(<' U@>< Z& UR
$V ! Z, ( U% 
$V ! Z- ( U% 5M R>
5>:' />L :: Z, ( Z- ) M & U ) I <' V ) J D

8138=D 1" @/198A- @=1.=6 5( />::>Y7<4 :(;; M R5R R5( '(0<7R7><
>/ U<>M(LX7:7R[ MR7M0(M R5( 7; R> $:: < UR>;R>< >M(LX:( 7/ R5( $ULL(<R
MRR( $< ( '(R(L;7<(' ;>L( @L($7M(:[ [ MRR( >M(LXR7>< R5< [ M7;U:R7><D
.. 6? >& 9>/&9>( A>/,>/- (9 9>/&9>(++F A-/98C+ >&- /8 ++
/-9(9>-> = 2(89 $(  % >& 89A+>9 / 9>> /98C>(/- 28/+, - / 9(,A+'
>(/- 8 (->(+ /8 ++ 7+  4( "( 1( EEE
)! $Z$7+ % !  $4 EEE 7+ %(  $4 EEE 7+ %%  )! $Z$7+ % !  $4 EEE 7+ %% A+DO=B
$7+ ! 7+ %   $ $4 EEE 7+ %%E A+D+]B

(<$(& R5( >UR@UR M(EU(<$(  '>(M <>R 7<$:U'( <[ 7</>L;R7>< >UR R5( MRR(
RL8($R>L[ >/ R5( UR>;R>< R5R $<<>R ( >R7<(' /L>; R5( 7<7R7: MRR( @L>7:6
7R[ )! $Z$4%% <' R5( 7<@UR M(EU(<$(  D < R57M $M( R5( >M(LX(LM '(M$L7(' [
5(>L(;M +DT <' +DS Y>L9 M M7;U:R>LMD

,&&+ `. ]F QO L2OZ2M+


 4" !   U 4" #!' R 4" !  U 4" !' Q 4" !!
  U 4" #!  U 4" !' Q 4" !! /
R 4" !  Q 4" !!
<FA,X C, QO L2O7^M g>.A,X
% 0 A A A 4" !   0AAA4" !'  0AAA4" !!
4

R 4" !  Q 4" !! / AAA /
R 0!  Q 0!! /  4" ! / AAA /  0! / % U 0!!
=%
 4 A

R 4" !  Q 4" !! / AAA /
R 0!  Q 0!! /  4" ! / AAA /  0! / % U 0!!
$..%

X QO L2O_iM <FA,X+ ]<. X`B >C ]<. ,.CFB>C]FW >X  C, ]<. W.A]>FC
% 0AAA4" !   0AAA4" !'  0AAA4" !!   4" , ! / / /  0! / % U 0!!
>X F$]>C.,+ e<>)< >X >,.C]>)A ]F ]<. X>B`A]>FC W.X`A] ,.X)W>$., $g QO L2O_9MO 7
'
2O^ ]]. F$X.Wd]>FC F5 X]F)<X]>) `]FB] 9iD

=1(9=* @/198A*-*=D 1"  9== 9=6 5( MR>$5MR7$ UR>;R>< ;[ <>R MR6
7M/[ R5( $><'7R7>< A+DO+B />L :: Z ) M & UR ><:[ />L  MUM(R M < M & Y5(L( M
M5>U:' 5X( R :(MR RY> (:(;(<RM A!M ! , 1BD 5(<  MR>$5MR7$ UR>;R>< 7M $::('
9>/&9>(++F A-/98C+ D(>&(-  9> M 7/ R5( L(:R7><
& $Z  ( V ! Z( U%  & $Z  ! Z( U% 8
& $V ! U% ( A+D+?B

5>:'M />L :: Z( Z ) M & U ) I & <' V ) J & Y7R5
$Z  ( V ! Z( U%
& $Z  ( V ! Z( U%  4 4 A+D+TB
$Z  ( V ! Z( U%
M   & J

3
& $Z  ! Z( U%  & $Z  ( V ! Z( U% A+D+SB
J

3

& $V ! U%  & $Z  ( V ! Z( U% E A+D+3B
M   &

< R57M '(0<7R7>< R5( /U<$R7><M &  <'


@@(L7<4 7< (0<7R7>< +DT L( L(@:$('
[ & & & >L
& & L(M@($R7X(:[D 5(M( /U<$R7><M L( <>L;:7M(' M M5>Y< 7<
EMD A+D+TB , A+D+3B M> M R> '(0<( $><'7R7><: @L>7:7R[ '7MRL7UR7><MD >L R5(M(
<(Y /U<$R7><M& ED A+D+?B 7M& 7< @L7<$7@:(& R5( M;( M ED A+DO+B& UR 7R 5M ><:[ R>
( MR7M0(' />L R5( MRR(M Z( Z  R5R (:><4 R> R5( M(R M D (;; +DT 5>:'M M :><4 M
R5( UR>;R>< L(;7<M Y7R57< R5( M(R M %
Z$7% ) M />L 7  4( "( EEE( 7+ E
/ R5( UR>;R>< 7M MR>$5MR7$::[ U<>M(LX:( Y7R57< R5( M(R M R5(< R5( MRR( >6
M(LX(L $RM M  M7;U:R>L M :><4 M R5( MRR( L(;7<M 7< R5( M(R M D

=1(9=* 198A*-*=D6 5( MR>$5MR7$ >M(LX7:7R[ $< <>Y ( '(0<(' M R5(


@L>@(LR[ >/ < UR>;R>< <>R R> @>MM(MM M(RM >/ U<>M(LX:( MRR(M%
#/*=*1/ 6> 4=1(9=* 198A*-*=D5
 9>/&9>( A>/,>/- (9 ++ MR>$5MR7$::[ >M(LX:( ( (> /9 -/> 2/9999 -F
9> M / 9>/&9>(++F A-/98C+ 9>>95
><M(EU(<R:[& R5( MR>$5MR7$ UR>;R>< 7M $::(' >M(LX:( 7/ 7R 7M @>MM7:( R> '(R(L6
;7<( (X(L[ MRR( ;>L( @L($7M(:[ [ MRR( >M(LXR7>< R5< [ M7;U:R7><D 57M /$R 7M
L(@L(M(<R(' [ R5( />::>Y7<4 $>L>::L[& Y57$5 />::>YM '7L($R:[ /L>; (;; +DT <'
(0<7R7>< +DSD
181--8D 6? >& 9>/&9>( A>/,>/- (9 9>/&9>(++F /98C+ >& /++/D'
(-% 8+>(/- &/+9
$7+ ! 7+ % <  $ $4EEE7+ %%( $7+ , 4%E A+D+1B
>R( R5R R5( (EU:7R[ M74< ;[ 5>:' />L M>;( 7<@UR M(EU(<$( (X(< 7/ R5( UR>;R><
7M >M(LX:(D 5( L(M>< />L R57M 7M 47X(< 7< ($R7>< +DSD?]D
9Ii 2O >:CFX>X C, W.)FC6:`W$A. )FC]WFA F5 ,>X)W.].=.d.C] XgX].BX

#,! +2 /.3#%#16 1/1


<. 5FAAFe>C: W.BW@X )FC).WC ]<. ].X] F5  :>d.C X]F)<X]>) `]FB]FC )FC).WC>C: F$X.Wd=
$>A>]gO <. ,.6C>]>FC F5 `CF$X.Wd$A. X]]. X.]X >BKA>.X ]<] >5 ]<. X.]  = >X X]F)<X]>)AAg `C=
F$X.Wd$A. ]<.C Cg X`$X.] ,= 1 = >X X]F)<X]>)AAg `CF$X.Wd$A. X e.AA+ $.)`X. QO L2O2IM
<FA,X CF] FCAg 5FW AA U' U  ! = $`] AXF 5FW AA U' U  ! ,= C, ]<. CFWBA>X]>FC )WW>., F`]
>C QXO L2O2_M 3 L2O29M ,F.X CF] >C8`.C). ]<>X W.X`A]O .C).+ ]<. ].X] F5  X]F)<X]>) `]FB]FC
X]W]X e>]< ].X]>C: AA K>WX U' U e<.]<.W FW CF] ]<.g W. `CF$X.Wd$A. X.]XO 5 CF X`)< K>W
>X 5F`C,+ ]<. X]F)<X]>) `]FB]FC ,F.X CF] KFXX.XX Cg `CF$X.Wd$A. X.] C, >X+ ]<.W.5FW.+
X]F)<X]>)AAg F$X.Wd$A.O 5 X`)< K>WX .f>X]+ AW:.W `CF$X.Wd$A. X]]. X.]X )C $. F$]>C., L>5
]<.g .f>X]M 5WFB )FB$>C]>FCX F5 X`)< `CF$X.Wd$A. K>WX ))FW,>C: ]F ]<. 5FAAFe>C: )FWFA=
AWgO 7
'

181--8D 6>  9>/&9>( A>/,>/- (9 9>/&9>(++F A-/98C+ D(>&(-  9>


M / > +9> >&8 9>>9 3!M ! , /4 ( - /-+F ( >& 9>/&9>( A>/,>/- (9
9>/&9>(++F A-/98C+ D(>&(- ++ 9A9>9 M, : M / >D/ 9>>9 3!M, !  145
5(L(/>L(& R5( M(L$5 />L MR>$5MR7$::[ U<>M(LX:( M(RM >/ MRR(M $< ( L('U$('
R> R5( R(MR >/ :: @7LM >/ MRR(MD 5( MR>$5MR7$ UR>;R>< 7M MR>$5MR7$::[ >M(LX:(
7/ <> U<>M(LX:( @7L >/ MRR(M 7M />U<'D

 
  
    
 
 

 
  
  

     
   
     
  
    
   
+ +'1+ ]F)<X]>) `]FB]FC e>]< X]F)<X]>)AAg `CF$X.Wd$A. X.]
' -

6#(" + /.3#%#16 ( /1(!/1# 21(&1


FCX>,.W ]<. X]F)<X]>) `]FB]FC X<FeC >C >:O 2OI^+ e<>)< <X ]<. FCAg >CK`] Q  O <.
`]FB]FC >X CF] X]F)<X]>)AAg `CF$X.Wd$A. ))FW,>C: ]F .6C>]>FC 2O_O Fe.d.W+ ]<. X]].
X.] =  ' - >X X]F)<X]>)AAg `CF$X.Wd$A.O <>X )C $. d.W>6., $g B.CX F5 QO L2OZ2M
X X<FeC >C $A. 2O^O F]. ]<] & /
& >X >,.C]>)A ]F & 5FW AA U' U  ' R C, QO 7
'

6>62F *9=*/'@*9(*/' */3@=9


< R57M M($R7><& 7R 7M 7<X(MR74R(' U<'(L Y5R $><'7R7><M R5( >M(LX(L 7;@L>X(M 7RM
L(MU:R [ @L>$(MM7<4 R5( 7+ 6R5 Q @7L $U$7+ %( V$7+ %% 7< $>;@L7M>< Y7R5 R5( L(MU:R
2O^ ]]. F$X.Wd]>FC F5 X]F)<X]>) `]FB] 9II

" +1 .X] 5FW X]F)<X]>) `CF$X.Wd$>A>]g F5 ]<. X]]. X.] =  ' -

 &  &
 &   & /
 &
U U- U U- U U- U U-
R 0A 0A)+ 0A 0A 0A 0A)+
U   R- 0A 0A0( A0 0A( 0A 0A 0A 0A0(
R+ 0 0 0 0 0 0
R 0 0A-( 0A 0A 0 0A-(
U  - R- 0 0A0+ 0 0A+ 0A 0A 0 0A0+
R+ 0 0 0 0 0 0

>R7<(' />L R5( $7+ 4 "%6MR MR(@D 57M <:[M7M UM(M R5( L($ULM7X( />L;U:R7>< >/
R5( >M(LX(L 47X(< 7< 5(>L(; +DS <' $>;@L(M R5( >M(LXR7>< L(MU:R Y7R5 R5(
M7;U:R7>< L(MU:RM >R7<(' [ R5( L($ULM7>< A+DTOBD R Y7:: ( M5>Y< R5R (X(< 7/ R5(
UR>;R>< 7M >M(LX:( R5(L( (Z7MR 7<@UR X:U(M U />L Y57$5 R5( <(ZR L($ULM7>< MR(@
>/ R5( >M(LX(L [7(:'M R5( M;( L(MU:R M R5( <(ZR L($ULM7>< MR(@ >/ R5( M7;U:R>LD
(<$(& R5( ;>X(;(<R >/ R5( UR>;R>< U<'(L R57M 7<@UR $<<>R $><RL7UR( R> <
7;@L>X(;(<R >/ R5( 9<>Y:('4( >UR R5( $ULL(<R MRR(D
> MRLR R5( <:[M7M& 7R 7M MMU;(' R5R >R5 M7;U:R7>< <' >M(LXR7>< 5X( >6
R7<(' R5( M;( MRR( @L>7:7R[ '7MRL7UR7>< R R7;( 7+
)! $Z$7+ %  Z !  $4 EEE 7+ 4 "%(  $4 EEE 7+ 4 "%% 
 )! $Z$7+ %  Z !  $4 EEE 7+ 4 "%%
 C$Z ! 7+ 4 "% (
Y5(L( >R5 >M(LXR7>< <' M7;U:R7>< 5X( UM(' R5( 7</>L;R7>< X7::( U<R7:
R7;( 7+ 4 "D ><M(EU(<R:[& >R5 ;(R5>'M [7(:' R5( M;( MRR( M(R R R7;( 7+ %
$7+ 4 " ! 7+ 4 "%%   $ $4 EEE 7+ 4 "%%
 #Z  C$Z ! 7+ 4 "% 2 4$ E
5( M(R >/ MU$$(MM>L MRR(M R5R R5( UR>;R>< $< L($5 R R7;( 7+'" 7/ 7R 7M MU8($R('
R> 7<@UR U$7+ %  U 7M 47X(< M />::>YM%
 $ $4 EEE 7+ %%  #Z ! $Z ! Z0( U% 2 4 />L M>;( Z0 )  $ $4 EEE 7+ 4 "%%$ E
< R5( />::>Y7<4 R5( EU(MR7>< M5>U:' ( <MY(L(' U<'(L Y5R $><'7R7>< R5(
7+ 6R5 >M(LXR7>< MR(@ [7(:'M  M(R $7+ ! 7+ % Y57$5 7M  @L>@(L MUM(R >/
 $ $4 EEE 7+ %%D 5( <MY(L $< ( >R7<(' /L>; R5( $><M7'(LR7><M ;'( 7< ($6
R7>< +DSD=D (;; +DT 5M M5>Y< R5R >M(LXR7>< [7(:'M R5( M;( L(MU:R M M7;U6
:R7>< 7/ R5( UR>;R>< 7M U<>M(LX:( <'& 5(<$(& R5( (5X7>UL: L(:R7>< $< (
'($>;@>M(' $$>L'7<4 R> ED A+DO+BD 57M L(MU:R 7M @@:7(' 5(L( />L R5( 0Z(' 7<@UR
UD / R5( '($>;@>M7R7>< A+DO+B 7M @>MM7:( />L R5( 7<@UR U$7+ %  U& M7;U:R7>< <'
>M(LXR7>< :(' R> R5( M;( M(R >/ MRR(M Z$7+ '"%D 57M L(MU:R 7M MU;;L7M(' 7< R5(
/>::>Y7<4 $>L>::L[D R M5>YM R5R R5( (EU:7R[ M74< $< 5>:' 7< ED A+D+1BD
9I_ 2O >:CFX>X C, W.)FC6:`W$A. )FC]WFA F5 ,>X)W.].=.d.C] XgX].BX

181--8D 6& 99A, >&> >& 9>> 28/(+(>F (9>8(A>(/- C$Z ! 7+ 4 "% (9
*-/D- - >& 9>/&9>( A>/,>/- %-8>9 >& /A>2A> V$7+ %  V  /8 >& (-2A>
U$7+ %  U5 &- 9(,A+>(/- - 9>> /98C>(/- F(+ >& 9, 9>> 28/(+(>F
(9>8(A>(/-
)! $Z$7+ '"% !  $4 EEE 7+ %(  $4 EEE 7+ %%  )! $Z$7+ '"% !  $4 EEE 7+ %%
/8 >& $7+ '"%'9> A>/,>/- 9>> ( - /-+F ( >& 8+>(/-
$Z  ( V
 ! Z( U%  $Z  ! Z( U% 8
$V
 ! U% A+D+PB
 ! U% /8 ++ Z ) $7+ 4 " ! 7+ 4 "% - Z  )
&/+9 D(>& 9/, /-9>->
$V
 $ $4 EEE 7+ %%5

5( $><'7R7>< A+D+PB $< ( R(MR(' 7< ($5 L($ULM7>< MR(@ >/ R5( >M(LXR7>< :6
4>L7R5; 7< >L'(L R> 7<'7$R( Y5(R5(L R5( >M(LX(L Y>L9M L(::[ M < >M(LX(L >L
;(L(:[ M  M7;U:R>LD / R5( $><'7R7>< 7M MR7M0('& R5( >M(LX(L [7(:'M R5( M;( MRR(
@L>7:7R[ '7MRL7UR7>< )! $Z$7+ '"% !  $4 EEE 7+ %% M  M7;U:R7>< MR(@ '(M$L7('
[ ED A+DTOB AY7R5 7+ L(@:$7<4 7+ 4 "BD
57M L(MU:R 5M 7<R(L(MR7<4 $><M(EU(<$(M $><$(L<7<4 R5( $5>7$( >/ R5( 7<@URD X(<
7/ R5( MR>$5MR7$ UR>;R>< 7M >M(LX:( $$>L'7<4 R> (0<7R7>< +DS& <>R :: 7<'76
X7'U: Q @7LM $U ( V%
 :(' R> < 7;@L>X(;(<R >/ R5( >M(LXR7>< L(MU:R $>;@L('
R> R5( $>LL(M@><'7<4 M7;U:R7>< MR(@D 5( L(M>< />L R57M 7M 47X(< [ R5( /$R R5R
R5( >M(LX7:7R[ '(0<7R7>< $:7;M R5R R5( '($>;@>M7R7>< >/ R5( (5X7>UL: L(:6
R7><  $$>L'7<4 R> ED A+DO+B 7M 7;@>MM7:( />L :: MRR(M Z( Z  ) M & :: 7<@UR
X:U(M U ) I <' :: >UR@UR X:U(M V ) J D >Y(X(L& MU$5  '($>;@>M7R7><
;[ ( @>MM7:( />L R5( M(R 0I : I >/ 7<@UR X:U(M (X(< 7/ 7R 7M 7;@>MM7:( />L ::
U ) I D / R5( MR>$5MR7$ UR>;R>< 4(RM& />L M>;( L(M><& ><:[ 7<@UR X:U(M /L>;
0I R5( M>:UR7>< >/ R5( >M(LXR7>< @L>:(; 7M <>R (RR(L R5< R5( M7;U:R7>< L(MU:R
A$/D (;; +DTB& :R5>U45 R5( MR>$5MR7$ UR>;R>< 7M >M(LX:(D 5(L(/>L(& 7R 7M
7;@>LR<R R> 9<>Y& Y57$5 7<@UR M5>U:' ( UM(' 7< >L'(L R> 4(R < 7;@L>X(' >M(LX6
R7>< L(MU:RD 5(M( 7<@UR X:U(M L( $::(' (9>(-%A(9&(-%D >L MU$5 7<@UR X:U(M U R5(
'($>;@>M7R7>< A+DO+B 7M 7;@>MM7:( />L U  U <' :: Z  ( Z <' VD
M  $><M(EU(<$(& />L (X(L[ 47X(< MRR( M(R M 7R 7M @>MM7:( R> @LR7R7>< R5( 7<6
@UR M(R I 7<R> RY> M(RM 0I $M % <'
I $M % MU$5 R5R R5( '($>;@>M7R7>< >/  7M
0
@>MM7:( />L :: U ) I $M %%
& $Z  ( V ! Z( U%  & $Z  ! Z( U% 8
& $V ! U% A+D+OB
0I $Z%( V ) J (
/>L :: Z  ( Z ) M ( U )
Y5(L(M MU$5  '($>;@>M7R7>< >/  7M 7;@>MM7:( />L :: U ) I $M %D L>;
(;; +DT 7R 7M >X7>UM R5R R5( MRR( >M(LX(L $<<>R 7;@L>X( 7RM L(MU:R R R7;(
7+ />L MRR(M Z$7+ %( Z$7+ ' "% ) M 7/ R5( MR>$5MR7$ UR>;R>< >R7<M R5( 7<@UR
U$7+ % ) 0I $M %D (<$(& I $M % 7M R5( M(R >/ '7MR7<4U7M57<4 7<@URMD <:[ 7/ < 7<@UR
U) I $M % 7M @@:7('& R5( MRR( >M(LX(L 4(RM (<>U45 7</>L;R7>< />L '(R(L;7<7<4
R5( MRR( @L>7:7R[ '7MRL7UR7>< (RR(L R5< 7R $< ( '(R(L;7<(' [ M7;U:R7><D
< < @@:7$R7>< Y5(L( R5( MRR( >/ R5( M[MR(; M5>U:' ( />U<' M EU7$9:[ M
@>MM7:(& R5( 7<@UR 5M R> ( $5>M(< R (X(L[ R7;( 7<MR<R /L>; R5( $ULL(<R M(R >/
2O^ ]]. F$X.Wd]>FC F5 X]F)<X]>) `]FB] 9I^

'7MR7<4U7M57<4 7<@URMD 57M M(R 5M R> ( '(R(L;7<(' R R7;( 7+ M />::>YMD (:($R R5(
M(R M R> 7<$:U'( :: @>MM7:( $ULL(<R MRR(M Z$7+ % ) $7+ !7+ 4 "% <' :: @>MM7:(
MU$$(MM>L MRR(M Z$7+ '"%& />L Y57$5 $Z$7+ '"%( V!Z$7+ %( U% 5>:'M />L M>;( U <'
VD 5(< I $M %& Y57$5 7M >R7<(' M '(M$L7(' >X(& 7M R5( M(R >/ '7MR7<4U7M57<4
7<@URM />L; Y57$5 R5( $ULL(<R 7<@UR  $7+ % M5>U:' ( M(:($R('D >R( R5R R5( M(R
I $M % $5<4(M /L>; ><( R7;( MR(@ R> R5( <(ZR ($UM( R5( M(R >/ $ULL(<R MRR(
$5<4(MD R '(@(<'M >< R5( @L$R7$: $7L$U;MR<$(M Y5(R5(L R5( 7<@UR $< L(::[ (
$5>M(< Y7R5 R5( 7; >/ MRR( >M(LXR7>< >L Y5(R5(L R5( M(:($R7>< >/ R5( 7<@UR 5M R>
MR7M/[ >R5(L $><RL>: 7;MD < <[ $M(& R5( M(R >/ '7MR7<4U7M57<4 7<@URM 7M R5( M(R >/
@L(/(LL(' 7<@UR M74<:M M /L M MRR( >M(LXR7>< 7M $><$(L<('D
/ R5( MR>$5MR7$ UR>;R>< 7M MR>$5MR7$::[ >M(LX:(& />L (X(L[ MRR( Z R5(L(
(Z7MRM R :(MR ><( '7MR7<4U7M57<4 7<@UR UD /& 7< @LR7$U:L& R5( '($>;@>M7R7>< A+DO+B
7M 7;@>MM7:( />L :: U ) I & R5( MR>$5MR7$ UR>;R>< 7M $::(' A-( /8,+F 9>/&9'
>(++F /98C+D 5(<& (X(L[ 7<@UR 7M '7MR7<4U7M57<4 <' R5( >M(LXR7>< L(MU:R
7;@L>X(M 7< (X(L[ L($ULM7>< MR(@D

6#(" +/ #/1#' 2#/!#' #')21 3%2/


>:`W. 2OI9 X<FeX ]<. `]FB]FC :WK< F5  X]F)<X]>) `]FB]FC e>]< ]eF >CK`] XgB$FAX
Q ! ' - C, ]eF F`]K`] XgB$FAX R ! ' -O CAg FC. F`]K`] XgB$FA >X ,>X]>C:`>X<>C:O
<. .,:.X >C >:O 2OI9 W. A$.AA., $g ]<. \ K>W QKR 5FW e<>)< ]<.g F))`W C, $g ]<.
)FWW.XKFC,>C: KWF$$>A>]gO ] )C $. X..C ]<] 5FW Q   ]<. W.A]>FC L2O2[M <FA,X e>]<

R
    Q  !  0A C,
R
  -  Q  !  0A
C,
 U     U  ' Q  !  0A'  U     U  -' Q  !  0A-
 U   -  U  ' Q  !  0A-'  U   -  U  -' Q  !  0A A

    
    
    
    
    
    

    

    
    

 
    
    
    
+ +'+ `]FB]FC :WK< F5 ]<. .fBKA.

>:`W.X 2OI7 C, 2OI[ X<Fe ]<. .55.)] F5 ]<. CFC=,>X]>C:`>X<>C: >CK`] FC ]<. F$X.Wd]>FC
W.X`A]O ]W]>C: e>]<  `C>5FWB >C>]>A X]]. ,>X]W>$`]>FC Fd.W ]<. e<FA. X]]. X.] ]<. F$X.Wd]>FC
W.X`A] >X X<FeC >C >:O 2OI[O ] >X >,.C]>)A ]F ]<. X>B`A]>FC W.X`A] X AFC: X ]<. >CK`] >X
Q   L]>B. X].KX 4  0' ' A A A ' (!O .)`X. F5 ]<. XgBB.]Wg F5  U   U' Q! ]<. X>B`A]>FC
g>.A,X `C>5FWB ,>X]W>$`]>FCX 5FW ]<.X. ]>B.X X].KXO .]e..C ]>B. X].KX 4   C, 4  + ]<.
,>X]>C:`>X<>C: >CK`] Q  - >X KKA>., C,+ <.C).+ ]<. F$X.Wd]>FC W.X`A] >BKWFd.X >BB.,>].AgO
CX]., F5  `C>5FWB KWF$$>A>]g ,>X]W>$`]>FC+ >:O 2OI[ X<FeX ]<] ]<. F$X.Wd]>FC W.X`A]X >C
<>:< KWF$$>A>]g 5FW ]<. X]]. U  - ] 4  '  C, 5FW ]<. X]]. U   ] 4  0AAA+O
<.C ]<. >CK`] W.]`WCX ]F ]<. CFC=,>X]>C:`>X<>C: >CK`] XgB$FA Q   ] ]>B. X].K 4   ]<.
F$X.Wd]>FC 5AAX $)@ >C]F  X>B`A]>FC+ Q`>)@Ag AFFX>C: AA X]]. >C5FWB]>FCO 7 '
9I9 2O >:CFX>X C, W.)FC6:`W$A. )FC]WFA F5 ,>X)W.].=.d.C] XgX].BX

Ö Ö

žØÏ­ØÏÍß
ˆ™­ØÏÍÞ

¥ ¥

ç Ñ Ë ÅÏi­Å ¥Ñ ¥Ë ¥› ç Ñ Ë ÅÏi­Å ¥Ñ ¥Ë ¥›
LM L$M
+ +'+ .Q`.C).X F5 >CK`] LA.5]M C, F`]K`] XgB$FAX LW>:<]M

Ö
ÅÏ>ÏiÍå

ç Ñ Ë ÅÏi­Å ¥Ñ ¥Ë ¥›
+ +'/+ $X.Wd]>FC W.X`A]

+ !&(.!. ( .1(.1! 41(%1


6&62 8*/*3- 1" 1/9*9=/D)9 *'/19*9

57M M($R7>< M5>YM 5>Y R5( '74<>MR7$ @L>:(; $< ( M>:X(' />L  MR>$5MR7$ U6
R>;R><D > '> M>& 7R 5M R> ( 9<>Y< 5>Y R5( /U:R / $5<4(M R5( (5X7>UL >/ R5(
MR>$5MR7$ UR>;R><D 5(L(/>L(& 7< R57M M($R7>< R5( '(@(<'(<$( >/ R5( UR>;R><
<' 7RM (5X7>UL U@>< R5( /U:R 7M '(<>R(' [ $/ % <' $/( 7+ %D >R5 M[;>:M
Y7:: ( (Z@:7<(' 7< ;>L( '(R7: 7< ($R7>< +DTD1D
81-. 6? 4*'/19=* 381-. "18 =( 9=1(9=* @=1.=1/5
*A/ -2A> 96A-  $4 EEE 7+ 45
A>2A> 96A-  $4 EEE 7+ %5
>/&9>( A>/,>/- $/ %5
*/ A+> / 5

5( 7'( >/ $><M7MR(<$[6M(' '74<>M7M 7M R> M9 Y5(R5(L R5( ;(MUL(' Q @7L 7M
$><M7MR(<R Y7R5 R5( UR>;R>< $/ %D / R5( <MY(L 7M 7< R5( /0L;R7X(& R5( /U:R /
2O9 >:CFX>X F5 X]F)<X]>) `]FB] 9I7

;[ 5X( >$$ULL('D < $M( >/  <(4R7X( <MY(L R5( $><$:UM7>< 7M R5R R5( UR>;R><
7M <>R MU8($R(' R> R5( /U:R / D
7<$( R5( (5X7>UL  >/ R5( MR>$5MR7$ UR>;R>< 7M R5( M(R >/ :: Q @7LM R5R
L( $><M7MR(<R Y7R5 R5( UR>;R><& R5( UR>;R>< ;[ ( MU8($R(' R> R5( /U:R /
Y5(<(X(L R5( ;(MUL(' Q @7L (:><4M R> 7RM (5X7>UL $/( 7+ %%
$ $4 EEE 7+ %(  $4 EEE 7+ %% ) $/( 7+ %E A+D++B
5( /U:R / 7M 9<>Y< <>R R> 5X( >$$ULL(' 7/ R5( L(:R7><
$ $4 EEE 7+ %(  $4 EEE 7+ %% 6) $/( 7+ % A+D+=B
5>:'M ($UM( R5(< R5( Q @7L 7M 7<$><M7MR(<R Y7R5 $/ %D < @LR7$U:L& />L R5( U6
R>;R>< $/2 % >/ R5( /U:R:(MM M[MR(;& R5( 7<$><M7MR(<$[ A+D+=B />L /  /2 7;@:7(M
R5R M>;( /U:R / 6 /2 5M >$$ULL('D
< MU;;L[& '74<>M7<4 R5( MR>$5MR7$ UR>;R>< ;(<M R> <MY(L R5( EU(MR7><%
>(M R5(L( (Z7MR  /U:R / MU$5 R5R R5( Q @7L $ $4 EEE 7+ %(  $4 EEE 7+ %% 7M
$><M7MR(<R Y7R5 R5( MR>$5MR7$ UR>;R><F
5( L(MU:R 7M  M(R  $7+ % >/ A+> -(>9& Y57$5 L( R5>M( /U:RM / ) ' />L
Y57$5 R5( Q @7L Y7R5 R7;( 5>L7\>< 7+ 7M $><M7MR(<R Y7R5 R5( ;>'(: $/ %D

 
 



   

+ +'.+ FCX>X].C)g=$X., ,>:CFX>X

< R5( 4L@57$: 7<R(L@L(RR7>< 47X(< 7< 74D +D?O& Y57$5 @@:7(M R5( 7'(M >/
74D ?DT >< @D 3 R> R5( '74<>MR7$ @L>:(; />L R5( MR>$5MR7$ UR>;R><& R5( R5L((
(5X7>ULM
2  $/2 ( 7+ %
  $/ ( 7+ %
.  $/. ( 7+ %
L( $><M7'(L(' Y57$5 L( L(:(X<R />L R5( /U:R:(MM M[MR(; A/  /2 % <' />L R5( RY>
/U:RM / <' /. D 5( @>7<RM  6  L(@L(M(<R ;(MUL(' Q @7LMD X7>UM:[&  7M
$><M7MR(<R ><:[ Y7R5 2 & Y57$5 ;(<M R5R 7/  7M ;(MUL(' R5( M[MR(; 7M 9<>Y< <>R
R> ( MU8($R(' R> R5( /U:RM / <' /. D / 7R 7M ''7R7><::[ 9<>Y< R5R R5( /U:R 7M
L(MRL7$R(' R> R5( M(R '  #/2 ( / ( /. $&  /ULR5(L $><$:UM7>< 7M R5R R5( UR>;R>< 7M
/U:R:(MMD < R57M M7RUR7><& /2 7M R5( ><:[ /U:R $<'7'R(%
 $7+ %  #/2 $E
9I[ 2O >:CFX>X C, W.)FC6:`W$A. )FC]WFA F5 ,>X)W.].=.d.C] XgX].BX

7<$(  7M $><M7MR(<R Y7R5 2 <' Y7R5 . & 7R $<<>R ( '($7'(' Y5(R5(L R5( M[MR(;
7M /U:R:(MM >L Y5(R5(L /U:R /. 5M >$$ULL('D >Y(X(L& / $< ( (Z$:U'(' M 
@>MM7:( /U:RD (<$(& R5( M(R >/ /U:R $<'7'R(M 7M
 $7+ %  #/2 ( /. $E
5( Q @7LM  <'  M5>Y R5R R5( M[MR(; 7M /U:R[ Y7R5 R5( @>MM7:( /U:R /. >L
/ & L(M@($R7X(:[%
 $7+ %  #/ ( / 1$E
5(L( 7M >/R(< <> U<7EU( M>:UR7>< R> R5( '74<>MR7$ @L>:(; UR R5( M(R >/ /U:R
$<'7'R(M 7<$:U'(M ;>L( R5< ><( (:(;(<R / ) ' D
< >L'(L R> '7MR7<4U7M5 (RY((< 5745:[ @L>:( /U:RM <' /U:RM Y7R5 :>Y @L>6
7:7R[ :: >/ Y57$5 L( (:(;(<RM >/ R5( M(R  $7+ %& R5( M>:UR7>< R> R5( '74<>MR7$
@L>:(; Y7:: <>R ><:[ ( < <MY(L R> R5( R(MR A+D++B UR 7R M5>U:' ''7R7><::[ 47X(
R5( @L>7:7R[ '7MRL7UR7><
)! $/ !  $4 EEE 7+ %(  $4 EEE 7+ %%
/>L :: / ) ' & Y5(L( ' '(<>R(M R5( M(R >/ @>MM7:( /U:RMD 79( />L R5( >M(LXR7><
@L>:(;& R57M @L>7:7R[ Y7:: ( L(X7R(' [
)! $/ ! 7+ %  )! $/ !  $4 EEE 7+ %(  $4 EEE 7+ %% E
X7>UM:[&
$ $4 EEE 7+ %(  $4 EEE 7+ %% ) $/( 7+ %
5>:'M 7/ <' ><:[ 7/ )! $/ ! 7+ % 2 4 7M X:7'D

6&6? 1/9*9=/D)9 *'/19*9 1" 9=1(9=* @=1.=


74UL( +D= M5>YM R5R R5( /U:R / $7% 7M < 7;;(MUL:( 7<R(L<: MRR( >/ R5( U6
R>;R>< D 0 ><M(EU(<R:[& R5( '74<>MR7$ @L>:(; $< ( M>:X(' [ >M(LX7<4 R5(
7<R(L<: MRR( Z0$7+ % <' [ M(:($R7<4 :: R5>M( /U:RM / $7+ % R5R L( @LR >/ R5( MRR(M
Z0$7+ %  $Z$7+ %( / $7+ %% R5R >$$UL Y7R5  @>M7R7X( @L>7:7R[ A$/D ED A+D31BBD 
'7L($R @@:7$R7>< >/ 5(>L(; +DS [7(:'M R5( />::>Y7<4 >M(LXR7>< L(MU:R%
4 0
$7+ % 8 )! $0Z $7+ % ! 7+ 4 "%
M-".$ #
)! $0
Z $7+ % ! 7+ %  4 (
0 + % 8 )! $0
$7 Z $7+ % ! 7+ 4 "%
M-". #"-
M ".$ #

$7+ , 4%
Y7R5
4 0
$7+ 4 "% 8 )! $0
Z $7+ 4 "% ! 7+ 4 1%
M-".  #
Z $7+ % ! 7+ 4 "% 
)! $0 4 0 + 4 "% 8 )! $0
$7 Z $7+ 4 "% ! 7+ 4 1%
M-". #"-
M ".  #

$7+ 2 4%
)! $0
Z $4% ! 4 "%  )! $0
Z $4%% $7+  4%(
2O9 >:CFX>X F5 X]F)<X]>) `]FB] 9IZ

Y5(L(& M (/>L(& R5( L(X7R7><


0 + %  $0
$7 0 Z $7+ '"%( V$7+ % ! Z0$7+ %( U$7+ %%

7M UM('D 5( '74<>MR7$ L(MU:R />::>YM /L>;


3
)! $/ $7+ % ! 7+ %  )! $0
Z $7+ % ! 7+ %
M". #&
 &
3 Z$7+ %
 )! $ ! 7+ % E
M". #&
/ $7+ %

0 + % $< ( '($>;@>M(' 7<R> $7+ % <'


57M L(MU:R $< ( M7;@:70(' ($UM( $7
' $7+ %  ' $/ $7+ '"% ! / $7+ %%
M '(M$L7(' [ ED A+D33B%
0 + %  $7+ % 8 ' $7+ %E
$7
ULR5(L;>L(& [ MMU;7<4 R5( MR>$5MR7$ 7<'(@(<'(<$( >/ R5( 6@L7>L7 X:U(M >/ >R5
$>;@><(<RM >/ Z0 7< ED A+D31B& R5( 7<7R7: MRR( @L>7:7R[ '7MRL7UR7>< )! $0 Z $4%%
$< ( L(@L(M(<R(' M R5( @L>'U$R >/ R5( 7<7R7: MRR( @L>7:7R[ '7MRL7UR7><M >/ Z$4%
<' / $4%%
)! $0
Z $4%%  )! $Z$4%% 8 )! $/ $4%%E
7R5 R57M L(/>L;U:R7>< R5( />::>Y7<4 L(MU:R 7M >R7<(' Y5(L( R5( L(X7R7><
)! $/ $7+ %( Z$7+ % ! 7+ 4 "% 
)! $/ $7+ %( Z$7+ % !  $4 EEE 7+ 4 "%(  $4 EEE 7+ 4 "%%
7M UM('D
9I2 2O >:CFX>X C, W.)FC6:`W$A. )FC]WFA F5 ,>X)W.].=.d.C] XgX].BX

(18. 6$ 41-@=*1/ =1 =( *'/19=* 381-.5


/-9(8  9>/&9>( A>/,>/- D(>& >& (-(>(+ 9>> 28/'
(+(>F (9>8(A>(/- )! $Z$4%% - >& '28(/8( A+> (9>8(A>(/-
)! $/ $4%%5 >& 8+>(/-
3
$7+ 4 "% 8 ' $7+ 4 "% 8 )! $/ $7+ 4 "%( Z$7+ 4 "% ! 7+ 4 1% 2 4
' ".  #"M".  #
A+D=]B
&/+9 >& 9/+A>(/- >/ >& (%-/9>( 28/+, (9 %(C- F
4
$7+ % 8 ' $7+ % 8 )! $/ $7+ %( Z$7+ % ! 7+ 4 "%
' ".$ #
M".$ #"M". #
)! $/ $7+ % ! 7+ %  4
$7+ % 8 ' $7+ % 8 )! $/ $7+ %( Z$7+ % ! 7+ 4 "%
' ". #"' ".$ #
M". #"M".$ #

$7+ , 4% A+D=?B
D(>&
)! $/ $7+ %( Z$7+ % ! 7+ 4 "% 
4
$7+ 4 "% 8 ' $7+ 4 "% 8 )! $/ $7+ 4 "%( Z$7+ 4 "% ! 7+ 4 1%
' ".  #"M".  #
4
$7+ 4 "% 8 ' $7+ 4 "% 8 )! $/ $7+ 4 "%( Z$7+ 4 "% ! 7+ 4 1%
' ". #"' ".  #
M". #"M".  #

$7+ 2 4% A+D=TB

)! $Z$4% ! 4 "%  )! $/ $4%% 8 L>$Z$4%% $7+  4%E A+D=SB

(<$(& R5( M(R >/ @>MM7:( /U:RM 7M 47X(< [


 $7+ %  #/ $7+ %  )! $/ $7+ % ! 7+ % 2 4$E A+D=3B
U( R> R5( ;7< 7'( >/ $><M7MR(<$[6M(' '74<>M7M& R5( />::>Y7<4 $>L>::L[ 5>:'M%
2O9 >:CFX>X F5 X]F)<X]>) `]FB] 9ID

181--8D 6$ 4*'/19=* 89@-= "18 =( 9=1(9=* @=1.=1/5


% & A>/,>/- (9 *-/D- >/  9A)> >/ 9/, A+> / $7+ % )  $7+ % D(>&
 $7+ % %(C- F 65 35.$45

% @-= ==*1/ /2 6)  $7+ % &/+9 D&8 /2 9F,/+(99 >& A+>+99 A'


>/,>/- - >& A>/,>/- (9 *-/D- >/  9A)> >/ 9/, A+> / $7+ % )
' ( / 6 /2 5

% @-= */=*#=*1/  $7+ %  #/, $ &/+9 >& A>/,>/- (9 *-/D- >/ 


9A)> >/ >& A+> / $7+ %  /, 28/C( >&> >& 9> ' (-+A9 ++ 2/99(+
A+>95

5( 0LMR MM(LR7>< 5>:'M U<'(L R5( MMU;@R7>< R5R R5( $ULL(<R /U:R (:><4M R>
R5( M(R ' D  /U:R 7M '74<>M(' $$>L'7<4 R> R5( M($><' MM(LR7><& 7/ /2 7M <>R 
/U:R $<'7'R(D >Y(X(L& M :><4 M  $7+ % 5M ;>L( R5< ><( (:(;(<R& R5( /U:R
$<<>R ( U<;74U>UM:[ '(R(L;7<('D 5( @L>7:7R[ )! $/ $7+ % ! 7+ % '(M$L7(M
Y7R5 Y57$5 @L>7:7R[ R5( /U:RM / )  $7+ % >$$ULD 5( R57L' MM(LR7>< $><$(L<M R5(
$M( R5R  $7+ % 7M  M7<4:(R><D 5(< R5( /U:R 7M U<;74U>UM:[ '(R(L;7<(' @L>X7'('
R5R / ) ' 5>:'MD
/ R5( $><'7R7>< A+D=]B 7M <>R MR7M0('& R5( Q @7L 7M 7<$><M7MR(<R Y7R5 R5( MR>$5M6
R7$ UR>;R>< />L :: /U:RM / $7+ % ) ' D 5(<& < U<;>'(::(' /U:R >$$ULL(' >L R5(
6@L7>L7 7</>L;R7>< >UR R5( MRR( <' /U:R '7MRL7UR7><M 7M YL><4D

6&6> *'/19=* -'18*=(.

5(>L(; +D1 :('M R> R5( />::>Y7<4 '74<>MR7$ :4>L7R5;& Y57$5 7M '(X(:>@(' 7<
$:>M( <:>4[ R> R5( >M(LXR7>< :4>L7R5; @L(M(<R(' 7< ($R7>< +DSDOD R UM(M R5(
/>::>Y7<4 L(X7R7><M%
3$/ $7+ %( Z$7+ %%
3
 $7+ % 8 ' $7+ % 8 )! $Z$7+ % !  $4 EEE 7+ 4 "%(  $4 EEE 7+ 4 "%%
' ".$ #"M".$ #

C. $/ $7+ %( Z$7+ %%  )! $/ $7+ %( Z$7+ % !  $4 EEE 7+ %(  $4 EEE 7+ %%


C? $/ $7+ '"%( Z$7+ '"%%  )! $/ $7+ '"%( Z$7+ '"% !  $4 EEE 7+ %(  $4 EEE 7+ %%
9_i 2O >:CFX>X C, W.)FC6:`W$A. )FC]WFA F5 ,>X)W.].=.d.C] XgX].BX

-'18*=(. 6> (%-/9(9 / 9>/&9>( A>/,>

*A/ R>$5MR7$ UR>;R><  <' /U:R ;>'(: ' D


<7R7: MRR( @L>7:7R[ '7MRL7UR7>< )! $
Z $4%%D
<7R7: /U:R @L>7:7R[ '7MRL7UR7>< )! $/ $4%%D
/*=*-*9=*1/ C? $/( Z%  )! $/ 8 $4%  / % 8 )! $
Z8 $4%  Z% />L ::
/ ) ' <' Z ) M
7+  4D
113
?D (MUL( R5( $ULL(<R 7<@UR U <' >UR@UR VD
TD >L :: / ) ' <' Z ) M '(R(L;7<(
4
3$/( Z%  '"M $Z ( V ! Z( /( U% 8 ' $/ ! / % 8 C? $/( Z%D
4
SD / '"M 3$/( Z%  4 5>:'M& MR>@ R5( :4>L7R5; A7<$><M7MR(<R
Q @7L >L YL><4 7<7R7: '7MRL7UR7><MBD
3D >L :: / ) M <' Z ) M '(R(L;7<(
3$/( Z%
C. $/( Z%  3 D
3$/( Z%
'"M

1D >L :: / ) ' <' Z ) M '(R(L;7<(


3
$Z( V ! Z( U% 8 ' $/ ! /% 8 C? $/( Z%
'"
M
C? $/( Z%  3 D
3$/( Z%
'"M
4
PD (R(L;7<(  KA$$/ $7+ %  / ! 7+ %  M C. $/( Z%D
OD (R(L;7<(  $7+ % $$>L'7<4 R> ED A+D=3BD
+D 7+  7+ '"
><R7<U( Y7R5 R(@ ?D
9@-= )! $/ $7+ % ! 7+ % <'  $7+ % />L 7<$L(M7<4 R7;( 5>L7\><
7+ D
5( :4>L7R5; UM(M R5( 7<7R7: /U:R @L>7:7R[ '7MRL7UR7>< C $/ $4%% Y57$5 L(@:$(M
R5( RLU( '7MRL7UR7>< )! $/ $4%% 7/ R57M '7MRL7UR7>< 7M <>R 9<>Y< A$/D ($R7>< +DSDPBD
2O9 >:CFX>X F5 X]F)<X]>) `]FB] 9_I

6#(" +. # '(/#/ (  /1(!/1# 21(&1('


FCX>,.W ]<. X]F)<X]>) `]FB]FC X<FeC >C >:O 2OI2 e>]< ]eF 5`A]X -   C, -  -O <.
`]FB]FC X]].X U, W. )FBKFX., F5 ]<. `]FB]FC X]]. C, ]<. 5`A] ))FW,>C: ]F QO L2O97MO
<. >C>]>A X]]. U$   >X @CFeC+ e<>)< :>d.X ]<. >C>]>A X]]. KWF$$>A>]g ,>X]W>$`]>FC

 5FW U  
% U, 0!  U! 
0 .AX.O
FW ]<. `C@CFeC 5`A]X+  `C>5FWB ,>X]W>$`]>FC
% -, 0!  - !  0A 5FW -  ' -
>X XX`B.,O <>X B.CX ]<] ]<. >C>]>A X]].\5`A] ,>X]W>$`]>FC >X :>d.C $g
! (
U, 0!  U 0A 5FW U   C, - ! ' -
% U,, 0!  U,!  % 
-, 0!  - 0 .AX. A


  
   

  
 

 
  
  
  


 
 
 
 
 
 


   
 
 

 


  
   

  
 

 
  
  
  


 
 
 
 
 
 


   
   
 

 

+ +'+ `]FB]FC :WK< 5FW ,>:CFX>X

$A. 2O9 X<FeX ]<. ,>:CFX]>) W.X`A] 5FW ]<. \ K>W


 0 AAA +!  ' ' ' ' !
 0 AAA +!  ' ' ' +' +!A
FW ]<. >C>]>A X]]. U$  + CF >C5FWB]>FC $F`] ]<. 5`A] )C $. F$]>C., ] ]>B. 4"  0+
$.)`X. 5FW $F]< 5`A]X ]<. `]FB]FC g>.A,X ]<. F`]K`] R   5FW ]<. :>d.C >CK`] Q   e>]<
).W]>C]gO FW 4"   ]<. XgX].B )C $. >C ]<. X]].X
! ( ! ( ! ( ! ( ! ( ! (
U  - +  -
 ' ' ' FW A
-    - -
<. \ K>W Q !  ' R !  ! .f)A`,.X ]<. X]]. ]WCX>]>FC
! ( ! (
- 

- -
C, B@.X ]<. 5`A] -  - A.XX KWF$$A. ]<C ]<. 5`A] - L)5O >:O 2OI2MO WFB $A. 2O9 >]
)C $. X..C+ ]<]+ ]<.W.5FW.+ ] 4   XFB. >C5FWB]>FC $F`] ]<. 5`A] >X F$]>C., $g ]<. \
K>W C, ]<. ,>:CFX]>) W.X`A] ,>55.WX 5WFB  X>B`A]>FC F5 ]<. >C>]>A 5`A] ,>X]W>$`]>FCO 5].W
9__ 2O >:CFX>X C, W.)FC6:`W$A. )FC]WFA F5 ,>X)W.].=.d.C] XgX].BX

" + WF$$>A>]g ,>X]W>$`]>FC % - 4" !  4" !

4"  0 4"   4"  -


 0 AAA 0!  !  0 AAA !  ' !  0 AAA -!  ' ' !
 0 AAA 0!  !  0 AAA !  ' !  0 AAA -!  ' ' !
- % - 0!0! % - !! % - -!-!
 0A 0A( 0A)
- 0A 0A-) 0A+)

4"  + 4"  
 0 AAA +!  ' ' ' !  0 AAA +!  ' ' ' ' !
 0 AAA +!  ' ' ' +!  0 AAA +!  ' ' ' +' +!
- % - +!+! % - !!
 0A0 0A0
- A0 A0

R +!  + <X $..C B.X`W.,+ ]<. 5`A] -  - >X `CB$>:`F`XAg 5F`C, $.)`X. ]<>X F`]K`] >X
:.C.W]., FCAg >5 ]<. 5`A] -  - F))`WXO 7
'

*9@99*1/ 1" =( *'/19=* 89@-=96 5( '74<>MR7$ :4>L7R5; [7(:'M R5( M(R
 $7+ % >/ /U:R $<'7'R(M />L R7;( 7+ D $5 >/ R5( /U:R M(@LR(:[ H(Z@:7<MI Y5[
R5( ;(MUL(' Q @7L >$$ULMD < ''7R7>< R> R57M M(R& R5( @L>7:7R[ '7MRL7UR7><
)! $/ $7+ % ! 7+ % (X:UR(M Y7R5 Y57$5 @L>7:7R[ ($5 /U:R $<'7'R( L(@L(M(<RM
R5( L(: /U:RD
<'(L @L$R7$: $7L$U;MR<$(M& M(X(L: 5(UL7MR7$ (ZR(<M7><M $< ( ;'(D >L (Z6
;@:(&  R5L(M5>:' M $< ( 0Z(' <' ><:[ R5>M( /U:RM R5R >$$UL Y7R5  @L>7:7R[
5745(L R5< M L( <<>U<$(' R> R5( 5U;< >@(LR>L 7< R5( $><RL>: L>>;D 5(< R5(
R5L(M5>:' $< ( UM(' R> '@R R5( L(MU:R >/ R5( '74<>MR7$ :4>L7R5; R> R5( $(LR7<R[
Y7R5 Y57$5 R5( (5X7>UL: L(:R7>< >/ R5( UR>;R>< 7M 9<>Y< <' R> R5( '(4L((
>/ '<4(L R5R R5( '7//(L(<R /U:RM ;[ 5X( >< R5( M[MR(; @(L/>L;<$(D 57M '@6
RR7>< >/ R5( '74<>MR7$ L(MU:RM 7M <:>4>UM R> R5( UM( >/ R5L(M5>:'M 7< R5( L(M7'U:
(X:UR7>< >/ EU<R7RR7X( '74<>MR7$ ;(R5>'M '(M$L7(' 7< 5@R(L PD

@=1.= B*=( #C "@-=96 < @@:7$R7><M& R5( '74<>MR7$ :4>L7R5; ;[ 5X( R>
UM( R5( M;( $>;@UR7<4 L(M>UL$(M M >R5(L :4>L7R5;MD 5(< 7R 7M ><:[ R(;@>LL7:[
7<X>9('D <'(L R57M $><'7R7>< 7R ;[ ( L(M><:( R> MMU;( R5R R5( /U:R '>(M
<>R $5<4( 'UL7<4 R5( LU< >/ R5( '74<>MR7$ :4>L7R5;D 7R5(L R5( M[MR(; 7M 7< R5(
<>L;: >@(LR7>< ;>'( A/  /2 B >L R5( /U:R 5@@(<(' R> (Z7MR (/>L( R5( :4>L7R5;
7M MRLR('D
2O9 >:CFX>X F5 X]F)<X]>) `]FB] 9_^

57M M7RUR7>< M7;@:70(M R5( '74<>MR7$ @L>:(; 7< RY> L(M@($RMD 7LMR& <> /U:R
;>'(: ' 5M R> ( M(R U@D M R5( /U:R 7M MMU;(' <>R R> $5<4(& R5( MRR( RL<M7R7><
L(:R7><

 " />L /   /
' $/ ! / %  A+D=1B
4 (:M(
7M UM(' />L :: /U:RM / ) ' D ($><'& R5( :4>L7R5; M7;@:70(M ($UM( 7<MR(' >/ 
/U:R M(EU(<$(  $4 EEE 7+ % ><:[  $><MR<R /U:R / 5M R> ( $><M7'(L('D

*'/19*9 1" /1/)=8.*/*9=* @=1.=6 / <> @L>7:7MR7$ 7</>L;R7>< >UR


R5( ;>X(;(<R >/ R5( UR>;R>< 7M X7::(& R5( '74<>MR7$ :4>L7R5; $< :M> (
@@:7(' R> R5( <><6'(R(L;7<7MR7$ UR>;R><D 79( />L R5( >M(LXR7>< @L>:(;& R5(
@L('7$R( )! 5M R> ( L(@:$(' [ !** 7< :: />L;U:M <'& $><M(EU(<R:[& 7<MR('
>/ R5( (EUR7><M />L '(R(L;7<7<4 >/ @L>7:7R[ '7MRL7UR7><M />L;U:M />L '(R(L;7<6
7<4 M(RM >/ UR>;R>< MRR(M <' /U:RM L( >R7<('D 57M L(/>L;U:R7>< 7M M7;7:L R>
Y5R 5M ((< '><( 7< ($R7>< +DSD+ />L R5( >M(LXR7>< @L>:(;D

6&6& *'/19*-*=D 1" 9=1(9=* @=1.=

5(< M>:X7<4 @L$R7$: @L>:(;M& R5( '74<>MR7$ :4>L7R5; M5>U:' @L>X7'(  M(R
 $7+ % Y57$5 7M  M7<4:(R>< />L  @>MM7:[ M;:: R7;( 5>L7\>< 7+ D 5(R5(L >L <>R
R57M 7M @>MM7:(& '(@(<'M >< R5( '74<>M7:7R[ >/ R5( MR>$5MR7$ UR>;R><& Y57$5 7M
7<X(MR74R(' 7< R57M M($R7><D >R( R5R R5( '74<>M:7R[ 7M  M[MR(; @L>@(LR[& Y57$5
'(@(<'M U@>< R5( M[MR(; '[<;7$M '(M$L7(' [ R5( (5X7>UL: L(:R7>< >/ R5( U6
R>;R>< <' [ R5( ;(MUL(' M74<:M U <' V& UR '>(M <>R L(/(L R> R5( '74<>MR7$
;(R5>' @@:7('D 74<>M7:7R[ $:7;M R5R R5( /U:R / 5M R> ( />U<' [ 228/28('
>+F UM7<4 :: R5( 7</>L;R7>< X7::(D
R 7M <>R (M[ R> 0<' $><'7R7><M U<'(L Y57$5 R5( M[MR(; 7M '74<>M:(& ($UM(
R5( EU(MR7>< Y5(R5(L  /U:R $< ( '(R($R(' '>(M <>R ><:[ '(@(<' >< R5( M[MR(;
'[<;7$M UR :M> >< R5( 7<7R7: MRR( <' >< R5( 7<@UR M(EU(<$(D >Y(X(L& R5( /L(6
EU(<R '7M$UMM7><M ;><4 R5(>L(R7$<M <' @(>@:( /L>; '7//(L(<R @@:7$R7>< 0(:'M
>< H57''(< /U:RMI R5R '> <>R 7<2U(<$( R5( ;(MUL(;(<R M(EU(<$( <'& R5UM& $<6
<>R ( />U<' [ <[ '74<>MR7$ :4>L7R5;& <' '7M$UMM7><M >< R5( /$R R5R '7//(L(<R
/U:RM 5X( R> L7<4 >UR '7//(L(<R (//($RM >< R5( M[MR(; (5X7>UL 7/ R5([ M5>U:' (
'7M$L7;7<R('& M5>Y R5R '74<>M7:7R[ 7M < 7;@>LR<R @L$R7$: 7MMU(D
< R57M M($R7>< R5( L(MU:RM >< R5( >M(LX7:7R[ >/ MR>$5MR7$ UR>;R @L(M(<R('
7< ($R7>< +DSD= Y7:: ( UM(' R> '(0<( <' <:[M( R5( '74<>M7:7R[ >/ UR>;RD
79( 7< ($R7>< +DSD= R5( MRLR7<4 @>7<R 7M R5( 7<X(MR74R7>< U<'(L Y5R $><'7R7><M R5(
UR>;R>< 7M <>R '74<>M:(D
9_9 2O >:CFX>X C, W.)FC6:`W$A. )FC]WFA F5 ,>X)W.].=.d.C] XgX].BX

#/*=*1/ 6& 4=1(9=* @/*'/19*-*=D5


 9>/&9>( A>/,>/- 0 D(>& &C(/A8+ 8+>(/-
0  ( /  ( V ! Z( U( / %  $Z  ( V ! Z( U( / % 8 ' $/  ! / %
$Z
(9 ++ MR>$5MR7$::[ U<'74<>M:( ( (> 9>(9!9 >& 28/28>F
$Z  ( V ! Z( U( / %  $Z  ( V ! Z( U% A+D=PB
/8 ++ Z  ( Z ) M  V ) J  U ) I - / ) ' 5
:(L:[& U<'(L R5( $><'7R7>< A+D=PB R5( MRR( <' >UR@UR M(EU(<$(M >/ R5( MR>$5MR7$
UR>;R>< L( 7<'(@(<'(<R >/ R5( /U:R / & ($UM( R5( /U:R '>(M <> :><4(L @@(L 7<
 <'& 5(<$(& R5( /U:R $<<>R ( HM((<I /L>; R5( ;(MUL(' Q @7LD < <:>4[ R>
(;; +DT 7R $< ( @L>X(' R5R />L U<'74<>M:( UR>;R R5( '74<>MR7$ L(MU:R
$>7<$7'(M Y7R5 R5( L(MU:R >R7<(' [ M7;U:R7>< >/ R5( /U:R[ (5X7>UL%
.. 6> >& 9>/&9>( A>/,>/- (9 9>/&9>(++F A-(%-/9+ >&- /8
++ (-2A> 96A-9  - /8 ++ /A>2A> 96A-9  >& (%-/9>( 89A+> (9 (-'
>(+ >/ >& 9(,A+>(/- 89A+>
)! $/ $7+ % !  $4 EEE 7+ %(  $4 EEE 7+ %%  )! $/ $7+ % !  $4 EEE 7+ %% E A+D=OB

5( :(/R65<' M7'( >/ ED A+D=OB 7M R5( L(MU:R >R7<(' /L>; R5( '74<>MR7$ :4>L7R5;D
M R5( /U:R / '>(M <>R '(@(<' >< R5( 7<@UR U& R5( L745R65<' M7'( >/ ED A+D=OB 7M
47X(< [ R5( L(:R7><
)! $/ $7+ % !  $4 EEE 7+ %%
 )! $/ $7+ %%
3
 ' $/ $7+ % ! / $7+ 4 "%% 8 ' $/ $7+ 4 "% ! / $7+ 4 1%% 8 EEE
 "2 ::: .  #
8 ' $/ $"% ! / $4%% 8 )! $/ $4%% (
Y57$5 @L('7$RM R5( MRR( >/ R5( UR><>;>UM /U:R ;>'(: ' D 5( /U:R $5<4(M Y7R5
7<$L(M7<4 R7;( 5>L7\>< 7+ <' M> '>(M R5( @L>7:7R[ '7MRL7UR7><
)! $/ $7+ % !  $4 EEE 7+ %%E
>Y(X(L& R5( ><:[ 7</>L;R7>< UM(' />L M7;U:R7>< 7M R5( MRR( RL<M7R7>< L(:R7><  '
>/ R5( /U:R ;>'(:D M R5( '74<>MR7$ :4>L7R5; UM(M /ULR5(L 7</>L;R7>< 47X(< [
R5( >UR@UR M(EU(<$(  7R 7M L(M><:( R> (Z@($R R5R R5( '74<>MR7$ L(MU:R 7M (RR(L
R5< R5( M7;U:R7>< L(MU:RD 5( :(;; M R5R />L MR>$5MR7$::[ U<'74<>M:(
UR>;R R57M (Z@($RR7>< 7M <>R ;(RD 5( '74<>MR7$ :4>L7R5; $<<>R 7;@L>X( R5(
M7;U:R7>< L(MU:RD
 47X(< MR>$5MR7$ UR>;R>< 7M 4(<(L::[ <>R $>;@:(R(:[ MR>$5MR7$::[ U<'746
<>M:( $$>L'7<4 R> ED A+D=PB& UR R5(L( ;[ (Z7MR ><( >L ;>L( MRR( M(RM M : M
<' ><( >L ;>L( /U:R M(RM ' : ' MU$5 R5R R5( (5X7>UL Y7R57< R5( M(R M '>(M
<>R '(@(<' >< R5( /U:RM / ) ' D 5(< ED A+D=PB '>(M <>R 5>:' />L :: Z( Z  <' / &
UR />L :: Z( Z  ) M <' :: / ) ' D /  <><(;@R[ /U:R M(R  $< ( />U<' MU$5
R5R ED A+D=PB 7M MR7M0(' />L :: Z( Z  ) M & R5( M(R M 7M $::('  9>/&9>(++F
2O9 >:CFX>X F5 X]F)<X]>) `]FB] 9_7

A-(%-/9+ 9>> 9>D / R5( MR>$5MR7$ UR>;R>< '>(M <>R @>MM(MM MU$5  MRR(
M(R& 7R 7M $::(' '74<>M:(D

#/*=*1/ 6$ 4=1(9=* *'/19*-*=D5


 9>/&9>( A>/,>/- (9 ++ MR>$5MR7$::[ '74<>M:( ( (> /9 -/> 2/9999
-F 9>/&9>(++F A-(%-/9+ 9>> 9>5

R 7M >X7>UM /L>; R5( 7<X(MR74R7><M >X( R5R />L MR>$5MR7$::[ '74<>M:( M[M6
R(;M R5( '74<>MR7$ :4>L7R5; [7(:'M (RR(L L(MU:RM R5<  M7;U:R7>< >/ R5( (5X7>UL
>/ R5( /U:R ;>'(:D
6#(" + # '(/#%#16 ( /1(!/1# 21(&1
<. X]F)<X]>) `]FB]FC ,.K>)]., >C >:O 2OI2 >X CF] X]F)<X]>)AAg `C,>:CFX$A.O .d.W=
]<.A.XX+ ]<. X.] F5 5`A]X  
>X X]F)<X]>)AAg `C,>:CFX$A. e>]<>C ]<. X.] F5 X]].X
=  ' -' +O .C).+ X AFC: X ]<. XgX].B >X CF] >C X]]. U   CFW <X ]<. KFXX>$>A>]g ]F :F
]F ]<>X X]]. e>]<>C FC. ]>B. X].K+ CF >C5FWB]>FC $F`] ]<. 5`A] )C $. F$]>C.,O <>X W.X`A]
)C $. X..C 5WFB fBKA. 2OZO <. 5`A] -   >X KWFd., CF] ]F .f>X] ] ]>B. 4 "  + e<.C
]<. F`]K`] R  + F))`WX+ e<>)< KWFd.X ]<] ]<. `]FB]FC >X >C ]<. X]]. U,  ' -!  O 7
'

6#(" +% # '(/#/ (  /1(!/1# 21(&1

          
                
           
           
 
     
     
     


    
     

     
     

    
    

    

    
    
       
     
    
     
    
     

          
          
          

+ +'%+ `]FB]FC :WK< 5FW 5`A] -  

X C .fBKA. )FCX>,.W ]<. ]X@ ]F ,>:CFX.  5`A] $g B.CX F5 ]<. `]FB] X<FeC >C
>:O 2OID C, 2O_iO F]< `]FB] ]F:.]<.W ,.X)W>$. ]<. $.<d>F`WA W.A]>FC  U  ' R  U' Q' - !O
<. 5`A] >X XX`B., ]F $. )FCX]C]O .C).+ ]<. 5`A] BF,.A L2OD7M >X `X.,O
9_[ 2O >:CFX>X C, W.)FC6:`W$A. )FC]WFA F5 ,>X)W.].=.d.C] XgX].BX

           

         
    
    
    
    
    
    

    
    


    

          
  
     

    

    
     
    
     

          
    
     
    

+ +29+ `]FB]FC :WK< 5FW 5`A] -  -

 ,>:CFX$>A>]g )<.)@ 5FW Q   g>.A,X ]<. W.X`A] ]<] ]<. X]F)<X]>) `]FB]FC >X CF]
,>:CFX.$A. e>]< W.XK.)] ]F ]<. X.] F5 5`A]X
 ' - e>]<>C AA X]].X = 
= O FW
Q  - ]<. `]FB]FC >X ,>:CFX$A.O
<W.. .fK.W>B.C]X W. )FCX>,.W.,O >WX]+ ]<. >CK`] >X 6f., ] Q  - C, ]<. 5`A] >X -  O
C .fK.W>B.C] e>]< ]<. >C>]>A X]]. U  ) g>.A,X ]<. F`]K`] X.Q`.C). X<FeC >C ]<. A.5] KW]
F5 >:O 2O_IO  X.)FC, .fK.W>B.C] e>]< ]<. XB. >C>]>A X]]. >X B,. 5FW Q  - C, -  -
W.X`A]>C: >C ]<. F`]K`] X.Q`.C). X<FeC >C ]<. B>,,A. KW] F5 >:O 2O_I+ C,  ]<>W, .fK.W>B.C]
e>]< Q   C, -   A.,X ]F ]<. W>:<] KW] F5 >:O 2O_IO

Ñ Ñ Ñ
­ÂžViÅÅ͞ØÏ­ØÏ

­ÂžViÅÅ͞ØÏ­ØÏ
­ÂžViÅÅ͞ØÏ­ØÏ

Ö Ö Ö

¥ ¥ ¥

ç ¥ Ö Ñ { x ç ¥ Ö Ñ { x ç ¥ Ö Ñ { x
ÅÏi­Å ÅÏi­Å ÅÏi­Å

+ +2'+ `]K`] X.Q`.C).X 5FW Q  -' -   LA.5]M+ Q  -' -  -


LB>,,A.M C, Q  + -   LW>:<]M

<. ,>:CFX]>) W.X`A]X )FWW.XKFC,>C: ]F ]<. ]<W.. .fK.W>B.C]X W. X<FeC >C >:O 2O__O ]
)C $. X..C ]<] ]<. 5`A] >X >XFA]., 5FW Q  -+ $`] 5FW Q   ]<. ,>:CFX]>) W.X`A] >X B.W.Ag
 X>B`A]>FC F5 ]<. >C>]>AAg @CFeC 5`A] ,>X]W>$`]>FC+ e<>)< W.X`A]X 5FW ]<. :>d.C `]FB=
]FC >C  X.Q`.C). F5 `C>5FWB ,>X]W>$`]>FCXO <. W.X`A] >X F$]>C., $.)`X. ]<. `]FB]FC >X
`C,>:CFX$A. 5FW Q   >C ]<. e<FA. X]]. X.]
= O 7 '
2O7 .BF]. ,>:CFX>X F5 ,>X)W.].=.d.C] XgX].BX 9_Z

Ö Ö Ö

`ˆ>}™žÅi`Ív>؏ÏÅ

`ˆ>}™žÅi`Ív>؏ÏÅ
`ˆ>}™žÅi`Ív>؏ÏÅ

¥ ¥ ¥

ç ¥ Ö Ñ { x ç ¥ Ö Ñ { x ç ¥ Ö Ñ { x
ÅÏi­Å ÅÏi­Å ÅÏi­Å

+ +22+ >:CFX]>) W.X`A]X 5FW ]<. ]<W.. .fK.W>B.C]X X<FeC >C
>:O 2O_I >C ]<. XB. FW,.W

+ %(1 !&(.!. ( !.-1 5&1 .8.1%.

6$62 *'/19=* *.

57M M($R7>< $><$(L<M R5( M7RUR7>< 7< Y57$5 R5( '74<>MR7$ RM9 5M R> ( $$>;6
@:7M5(' [ < ><6>L' <' < >//6>L' '74<>MR7$ M[MR(; Y5(L( R5( >//6>L' M[M6
R(; 7M $><<($R(' R> R5( M[MR(; R> ( '74<>M(' X7  @>MM7:[ U<L(:7:( 7</>L;R7><
:7<9D 57M M7RUR7>< 7M R[@7$: />L L(;>R( '74<>M7M 7<RL>'U$(' 7< ($R7>< ?D3DSD
57M M($R7>< />::>YM R5( 7'( R> '($>;@>M( R5( '74<>MR7$ RM9 7< MU$5  Y[ R5R
R5( RM9 >/ /U:R '(R($R7>< 7M $LL7(' >UR [ R5( ><6>L' $>;@><(<R Y5(L(M R5(
/U:R 7'(<R70$R7>< @L>:(; 7M M>:X(' >//6>L' A74D ?D?+BD 5( @L>:(; $><M7'(L('
<>Y 7M 5>Y R> $>@( Y7R5 'R :>MM(M L>U45R >UR [ R5( $>;;U<7$R7>< :7<9D 7LMR&
7R 5M R> ( '(0<(' Y57$5 @L>@(LR7(M R5( '74<>MR7$ M[MR(; M5>U:' 5X( 7< $M( >/
:>MR 'RD
> 0Z R5( L(EU7L(' @L>@(LR[& 7R 7M L($::(' /L>; ($R7>< ?DSDT R5R <[ $><M7MR(<$[6
M(' '74<>MR7$ M[MR(; 7;M R 0<'7<4 R5( M(R >/ /U:R $<'7'R(M& Y57$5 7<$:U'(M
:: /U:RM / & />L Y57$5 R5( ;(MUL(' Q6@7L 7M $><M7MR(<R Y7R5 R5( ;>'(:  $/ %
R5R '(M$L7(M R5( M[MR(; (5X7>UL MU8($R R> R5( /U:R / D / R5( '74<>M(L 5M /U::
7</>L;R7><
 $4EEE7%  $U$4%( U$"%( EEE( U$7+ %%
 $4EEE7%  $V$4%( V$"%( EEE( V$7+ %%E

R5( (MR @>MM7:( M(R  >/ /U:R $<'7'R(M $< ( >R7<('%



$7+ %  #/  5( Q6@7L 7M $><M7MR(<R Y7R5 R5( ;>'(:  $/ %$E
<'(L R5( UMU: MMU;@R7><M R5R R5( ;>'(:M L( @L($7M( (<>U45 <' R5( /U:R M(R
' 7<$:U'(M R5( RLU( /U:R& R5( /U:R / R5R L(::[ >$$ULM 7<  47X(< M7RUR7>< 7M 9<>Y<
R> (:><4 R> R57M M(R >/ /U:R $<'7'R(M%
/ ) 
$7+ %E
/ 'R L( :>MR 7< R5( 'R <(RY>L9& 7<MR(' >/ R5( /U:: 7</>L;R7>< $ (  %
><:[  L('U$(' Q6@7L $ ( 
% 7M RL<M;7RR(' R> R5( >//6>L' '74<>MR7$ M[MR(;

A74D ?D?+BD 5(<& R5( M(R  >/ /U:R $<'7'R(M R5R R5( >//6>L' M[MR(; '(R(L;7<(M
M5>U:' 7<$:U'( R5( RLU( /U:R%
9_2 2O >:CFX>X C, W.)FC6:`W$A. )FC]WFA F5 ,>X)W.].=.d.C] XgX].BX

/ )  $7+ %E
57M $:7; $< ><:[ ( ;(R& 7/ R5( >//6>L' '74<>MR7$ :4>L7R5; 7M '(M74<(' M> M
R> MR7M/[ R5( L(:R7><
 $7+ % = 
$7+ % />L :: 7+ E A+D=+B
57M @L>@(LR[ 7M $::(' R5( /,2+>-99 / >& (%-/9>( 89A+> D 5( 7; >/ R57M
M($R7>< 7M R> @L>@>M(  '74<>MR7$ ;(R5>' />L '7M$L(R(6(X(<R M[MR(;M '(M$L7(' [
<><6'(R(L;7<7MR7$ UR>;R R5R MR7M0(M R57M L(EU7L(;(<RD

6$6? /)18 "@-= ==*1/

5( ><6>L' $>;@><(<R 5M R> '(R($R /U:RM [ ;(<M >/ R5( ;>'(:  $/2 % >/ R5(
/U:R:(MM M[MR(;D 57M 7M '><( [ R(MR7<4 R5( $><M7MR(<$[ >/ R5( Q6@7L
 $4EEE7%  $U$4%( U$"%( EEE( U$7+ %%
 $4EEE7%  $V$4%( V$"%( EEE( V$7+ %%
Y7R5 R5( ;>'(: AY5(L( R5( 7<'(Z GG UM(' 7< 74D ?D?+ 5M ((< L(;>X(' />L R5(
$><$7M(<(MM >/ <>RR7><BD 5( ><6>L' ;(R5>' 7M '(X(:>@(' 5(L( />L M[MR(;M R5R
L( '(M$L7(' [ <><6'(R(L;7<7MR7$ UR>;R 7<RL>'U$(' 7< ($R7>< SDP M 16RU@:(
$ M ( I ( J ( 4 ( Z2 %
Y7R5 R5( (5X7>UL: L(:R7><
4  M 5 J 5 M 5 I ) #4( "$E
5( /U<$R7>< 4 7<'7$R(M Y57$5 MRR( RL<M7R7>< Z$7%  Z$7 ' "% 7M @>MM7:( 7/
R5( M[MR(; 4(RM R5( 7<@UR U$7% <' @L>'U$(M R5( >UR@UR V$7%D / R57M 7M @>MM7:(& R5(
L(:R7><
4 $Z$7'"%( V$7%( Z$7%( U$7%%  "
5>:'M A$/D ED ASD?3BD 5( '74<>MR7$ @L>:(; 7M $><M7'(L(' 5(L( />L  $><MR<R /U:R
/ & Y5(L( /2 '(<>R(M R5( /U:R:(MM $M(D
>;@L(' R> R5( '74<>M7M >/ MR>$5MR7$ UR>;R '(M$L7(' 7< ($R7>< +D3 R5( '76
4<>MR7$ @L>:(; 7M M7;@:(L ($UM( R5( ;>'(: 8UMR '7MR7<4U7M5(M (RY((< @>MM7:(
<' 7;@>MM7:( MRR( RL<M7R7><M UR '>(M <>R @L>X7'( <[ 7</>L;R7>< >UR R5( /L(6
EU(<$[ Y7R5 Y57$5 R5(M( RL<M7R7><M >$$ULD 5(L(/>L(& R5( /U:R '(R($R7>< RM9 >/ R5(
><6>L' $>;@><(<R 7M $LL7(' >UR [ M7;@:[ R(MR7<4 R5( $><M7MR(<$[ >/ R5( Q6@7L
$(  % Y7R5 R5( ;>'(:  $/2 % >/ R5( /U:R:(MM M[MR(;D
5( Q6@7L 7M $><M7MR(<R Y7R5 R57M ;>'(: L(@L(M(<R(' [ R5( <><6'(R(L;7<7MR7$
UR>;R>< 7/ R5(L( (Z7MRM  MRR( M(EU(<$(
!$4EEE7+ %  $Z$4%( Z$"%( EEE( Z$7+ ' "%%
MU$5 R5R
4 $Z$7'"%( V$7%( Z$7%( U$7%%  "
2O7 .BF]. ,>:CFX>X F5 ,>X)W.].=.d.C] XgX].BX 9_D

5>:' />L :: 7  4( "( EEE( 7+ & Y5(L( U$7% <' V$7% L( R5( 76R5 (:(;(<R >/ R5( M(6
EU(<$(M  $4EEE7+ % >L  $4EEE7+ %& L(M@($R7X(:[D 57M $><'7R7>< 7M (EU7X:(<R R> R5(
L(:R7><
33 3 3 .
,
EEE 4 $Z$7 ' "%( V$7%( Z$7%( U$7%% 2 4E A+D==B
M"2# M" # M". # M". $ # .2

> 4(R  L($ULM7X( L(@L(M(<RR7>< >/ R5( '74<>MR7$ :4>L7R5;& '(0<( R5( @>MM7:7R[
!**$Z ! 7+ ' "% ) #4( "$ />L :: Z ) M
>/ R5( M[MR(; R> ( 7< R5( MRR( Z R R7;( 7+ ' " /R(L R5( Q6@7L >/ :(<4R5 7+ 5M
((< (X:UR('D 57M ;@@7<4 5M R> MR7M/[ R5( L(EU7L(;(<R
!**$Z$7+ ' "% ! 7+ ' "%  " 
3 .
3 ,
EEE 4 $Z$7 ' "%( V$7%( Z$7%( U$7%% 2 4E
M"2# M". # .2

R $< ( L(@L(M(<R(' 7< R5( />::>Y7<4 L($ULM7X( Y[%


!**$Z ! 4%  " A+D?]]B
3
 
!**$Z ! 7+ '"%  4 $Z ( V$7+ %( Z( U$7+ %% 8 !**$Z ! 7+ %E A+D?]?B
M

 /U:R 7M '(R($R(' 7/
,
!**$Z ! 7+ ' "%  4
M&

5>:'M />L M>;( 7+ & Y57$5 $< ( L(/>L;U:R(' [ 7<RL>'U$7<4


!**$/2 ! 7+ % ) #4( "$
M < 7<'7$R>L >/  /U:RD 5( L(:R7>< !**$/2 ! 7+ %  4 M5>U:' M5>Y R5R R5( /U:R6
:(MM $M( 7M 7<$><M7MR(<R Y7R5 R5( Q6@7L <'& 5(<$(&  /U:R 5M ((< '(R($R('D
(<$(& R57M 7<'7$R>L 7M >R7<(' M
,
!**$/2 ! 7+ %  !**$Z ! 7+ ' "%E A+D?]TB
M&
9^i 2O >:CFX>X C, W.)FC6:`W$A. )FC]WFA F5 ,>X)W.].=.d.C] XgX].BX

-'18*=(. 6& -'/8 A+> >>(/- +%/8(>&,

*A/ ><6'(R(L;7<7MR7$ UR>;R>< '(M$L77<4 R5( /U:R:(MM


M[MR(;
/*=*-*9=*1/ !**$Z ! 4%  " />L :: Z ) M
7+  4
113 ?D (MUL( R5( $ULL(<R 7<@UR U$7+ % <' >UR@UR V$7+ %D
TD (R(L;7<( !**$Z ! 7+ ' "% $$>L'7<4 R> ED A+D?]?B />L ::
Z ) M
SD (R(L;7<( !**$/2 ! 7+ % [ ED A+D?]TB />L :: Z ) M
3D / !**$/2 ! 7+ %  4 5>:'M& MR>@ R5( :4>L7R5; A /U:R 7M
'(R($R('BD
1D 7+  7+ '"
><R7<U( Y7R5 R(@ ?D
9@-= !**$/2 ! 7+ % />L 7<$L(M7<4 R7;( 5>L7\>< 7+

6$6> "")18 "@-= */=*#=*1/

5( >//6>L' $>;@><(<R UM(M ;>'(:M  $/ %& / ) ' >/ R5( /U:R[ M[MR(; 7< >L'(L
R> 7'(<R7/[ R5( M(R >/ /U:R $<'7'R(MD 5(M( ;>'(:M L( <><6'(R(L;7<7MR7$ UR>;R
$ M ( I ( J ( ' ( 4 ( Z2 %
Y5>M( (5X7>UL: L(:R7><
4  M 5 J 5 M 5 ' 5 I ) #4( "$E
'(M$L7(M R5( @>MM7:( MRR( RL<M7R7>< >/ R5( M[MR(; MU8($R R> M>;( /U:R / ) ' & 7/
4 $Z$7 ' "%( V$7%( Z$7%( /( U$7%%  "E
M R5( /U:R 7M MMU;(' <>R R> $5<4( 'UL7<4 R5( R7;( >/ @@:7$R7>< >/ R5( '74<>MR7$
:4>L7R5;& R5( /U:R / 7< R57M L(:R7>< '>(M <>R '(@(<' >< R5( R7;( 7<MR<R 7D
5( >//6>L' $>;@><(<R 5M R> (X:UR( R5( Q6@7L />L :: ;>'(:M  $/ %D 5(
Q6@7L 7M $><M7MR(<R Y7R5 R5( ;>'(:  $/ % <'& 5(<$(& / 7M  /U:R $<'7'R(& 7/ R5(
/>::>Y7<4 (ZR(<M7>< >/ ED A+D==B 5>:'M%
33 3 3 .
,
EEE 4 $Z$7 ' "%( V$7%( Z$7%( /( U$7%% 2 4E A+D?]SB
M"2# M" # M". # M". $ # .2
2O7 .BF]. ,>:CFX>X F5 ,>X)W.].=.d.C] XgX].BX 9^I

>L R5( L($ULM7X( L(@L(M(<RR7>< >/ R5( $><M7MR(<$[ R(MR& R5( 7<'7$R>L !**$Z ! 7 + '
"% 5M R> ( '(R(L;7<(' Y7R5 L(M@($R R> R5( /U:R / <' 7M& R5UM& '(<>R(' [
!**$Z( / ! 7+ ' "%D 5( L(:R7>< !**$Z( / ! 7+ ' "%  " 7<'7$R(M R5R R5( M[M6
R(; MU8($R R> R5( /U:R / $< MMU;( R R7;( 7+ ' " R5( MRR( ZD EUR7><M A+D?]]B&
A+D?]?B 5X( R> ( (ZR(<'(' R>
!**$Z( / ! 4%  " A+D?]3B
3
!**$Z  ( / ! 7+ '"%  4 $Z  ( V$7+ %( Z( /( U$7+ %% 8 !**$Z( / ! 7+ %EA+D?]1B
M

 /U:R / 7M  /U:R $<'7'R( 7/


,
!**$/ ! 7+ %  !**$Z( / ! 7+ ' "% 2 4 A+D?]PB
M&

5>:'M%
 $7+ %  #/  !**$/ ! 7+ % 2 4$E A+D?]OB

-'18*=(. 6$ A+> (->(!>(/- +%/8(>&,

*A/ ><6'(R(L;7<7MR7$ UR>;R>< '(M$L77<4 R5( /U:R[ M[MR(;


/*=*-*9=*1/ !**$Z( / ! 4%  " />L :: Z ) M ( / ) '
7+  4
113 ?D (MUL( R5( $ULL(<R 7<@UR U$7+ % <' >UR@UR V$7+ %D
TD (R(L;7<( !**$Z( / ! 7+ ' "% $$>L'7<4 R> ED A+D?]1B />L
:: Z ) M <' :: / ) '
SD (R(L;7<( !**$/ ! 7+ % [ ED A+D?]PB />L :: Z ) M <' ::
/ ) '
3D (R(L;7<( R5( M(R >/ /U:R $<'7'R(M [ ED A+D?]OBD
1D 7+  7+ '"
><R7<U( Y7R5 R(@ ?D
9@-= (R >/ /U:R $<'7'R(M  $7+ % />L 7<$L(M7<4 R7;( 5>L7\>< 7+

@-= */=*#=*1/ "=8 -19= =6 5( ;7< @L>:(; Y7R5 R5( @@:7$R7>< >/ :6
4>L7R5; +D1 [ R5( >//6>L' $>;@><(<R 7M R5( /$R R5R R57M $>;@><(<R 7M <>R 4UL6
<R((' R> 4(R R5( Y5>:( Q6@7LD 5( />::>Y7<4 '(M$L7(M R5( <($(MML[ (ZR(<M7>< >/
R57M :4>L7R5;D
R 7M MMU;(' R5R R5( ;(MUL(;(<R M74<:M L( M(<R /L>; R5( ><6>L' M[MR(;
R>YL'M R5( >//6>L' M[MR(;M M @$94(M >/ R5( M74<: RU@:(M
9^_ 2O >:CFX>X C, W.)FC6:`W$A. )FC]WFA F5 ,>X)W.].=.d.C] XgX].BX

$ +
U$7%
# *
C$7%  " V$7% ) (
7
Y5(L( 7 7M R5( <U;(L >/ R5( Q6@7LD [ $><M7'(L7<4 R5( @$94( <U;(L 7& R5(
>//6>L' M[MR(; $< '(R($R @$9(R :>MM(M <' 7R 9<>YM Y57$5 @$9(RM Y(L( :>MR
'UL7<4 R5( RL<M;7MM7><D
R 7M <>Y $><M7'(L(' 5>Y R> $>@( Y7R5 R5( M7RUR7>< 7< Y57$5 R5( 76R5 @$94( 7M
:>MR& UR :: >R5(L @$94(M L( L($(7X(' [ R5( >//6>L' M[MR(;D 5(< R5( 7<@UR <'
>UR@UR M(EU(<$(M
 $4EEE7+ %  $U$4%( U$"%( EEE( U$7 4 "%( U$7 ' "%( EEE( U$7+ %%
$4EEE7+ %
  $V$4%( V$"%( EEE( V$7 4 "%( V$7 ' "%( EEE( V$7+ %%
5X( R> ( @L>$(MM(' 7< MU$5  Y[ R5R R5( '74<>MR7$ L(MU:R 7M $>;@:(R( $$>L'7<4
R> ED A+D=+B& Y5(L( 
'(<>R(M R5( L(MU:R >R7<(' />L R5( $>;@:(R( Q6@7L [
:4>L7R5; +D1D

(<>R( R5( L(MU:R >/ R5( >//6>L' :4>L7R5; [ !**$Z(
/ ! 7+ '"% <' !**$/ ! 7+ %
MU$5 R5R R5( M(R >/ /U:R $<'7'R(M >R7<(' [ R5( >//6>L' $>;@><(<R 7M 47X(<
[
 $7+ %  #/  !**$/
! 7+ % 2 4$E A+D?]+B
/ $><M($UR7X( ;(MUL(;(<R 'R L( L($(7X('& R5( L($ULM7>< A+D?]3B& A+D?]1B $< (
UM(' Y7R5>UR $5<4(M <' ><:[ 5X( R> ( L(YL7RR(< />L R5( <(Y M[;>:M%

!**$Z( / ! 4%  " A+D?]=B
3

!**$Z ( / ! 7+ ' "%  
4 $Z ( V$7+ %( Z( /( U$7+ %% 8 !**$Z( / ! 7+ %EA+D??]B
M


/ R5( 76R5 @$94( 7M :>MR& !**$Z( / ! 7 ' 1% 5M R> ( '(R(L;7<(' '7L($R:[ /L>; R5(
L($ULM7>< />L R5( $7 4 "%6MR ;(MUL(;(<R M />::>YM%
3 3 33

!**$Z 
( / ! 7 ' 1%  4 $Z  ( V$7'"%( Z  ( /( U$7'"%%
I".# J".# M  M

84 $Z ( V$7%( Z( /( U$7%% 8 !**$Z( / ! 7% A+D???B

!**$Z(
/ ! 7'"%  !**$Z( / ! 7'1%( A+D??TB
Y5(L( R5( ''7R7><: MU;;R7><M L( $LL7(' >UR />L :: U$7% ) I & V$7% ) J

<' Z  ) M D EUR7>< A+D??TB 5M ((< ''(' R> '(0<( R5( /U<$R7>< !**$Z( / ! 7+ %
:M> />L R5( R7;( 7<MR<R 7+  7 ' " R Y57$5 R5( 'R :>MM >$$ULL('D 7<::[& R5( M(R
>/ /U:R $<'7'R( 7M '(R(L;7<(' [ ;(<M >/ R5( 7<'7$R>L
,

!**$/ ! 7+ % 
!**$Z( / ! 7+ ' "% A+D??SB
M&
2O7 .BF]. ,>:CFX>X F5 ,>X)W.].=.d.C] XgX].BX 9^^

(18. 6; 41.3-=/99 1" =( 1"")18 *'/19=* 89@-=5


& (%-/9>( 89A+> />(- F 695 351H.4  3511@4 (9 /,2+> >&> (9 >&
86A(8,-> 35.4 (9 9>(9! /8 >& 9>  $7+ % />(- F 65 351H45

,&&+ <. 5FAAFe>C: X<FeX ]<] 5FW ]<. >C,>)]FWX && -  4" ! F$]>C., $g QXO L2OIiDM 3
L2OII_M C, && -  4" ! F$]>C., $g QXO L2OIi9M+ L2OIi7M ]<. W.A]>FC
-  4" ! % && -  4" !
&&
<FA,X e<>)< >BKA>.X ]<. W.A]>FC L2OD2MO X ]<. 6WX] 4 ,  K)@:.X W. W.).>d., $g ]<. F55=
$FW, )FBKFC.C]+ $F]< >C,>)]FWX W. ]<. XB. `C]>A ]>B. 4 , *
-  4" !  && -  4" !
&& 5FW 4"  0' ' AAA' 4 , 
$.)`X. ]<. W.)`WX>FCX L2OIiDM+ L2OIIiM C, L2OIi9M+ L2OIi7M )F>C)>,.O 5].W ]<. ,] AFXX
U' -  4 # -!+ e<.W.X && U' -  4 # -! >X F$]>C., $g
] ]>B. 4+ QO L2OIIIM g>.A,X &&
KKAg>C: QO L2OIi7M ]e>).*
&& U  ' -  4 # -!
3
 ) U  ' R 4 # !' U  ' -' Q 4 # !! / && U  ' -  4 # !
=
3
 ) U  ' R 4 # !' U  ' -' Q 4 # !!
=
3
/ ) U  ' R 4!' U' -' Q 4!! / && U' -  4!A
=

<. 5FAAFe>C: W.5FWB`A]>FC g>.A,X ]<. W.Q`>W., W.X`A]*


&& U  ' -  4 # -!
33
 ) U  ' R 4 # !' U  ' -' Q 4 # !!
= =

/) U  ' R 4!' U' -' Q 4!! / && U' -  4!


3 3 33
( ) U  ' R 4 # !' U  ' -' Q 4 # !!
9% :% = =

/) U  ' R 4!' U' -' Q 4!! / && U' -  4!

 U  ' -  4 # -!A 7
&& '

7R5 R57M L(MU:R& R5( :4>L7R5; +D1 $< ( (ZR(<'(' R> < >//6>L' '74<>MR7$
:4>L7R5; R5R R>:(LR(M M7<4:( @$94( :>MM(M%
9^9 2O >:CFX>X C, W.)FC6:`W$A. )FC]WFA F5 ,>X)W.].=.d.C] XgX].BX

-'18*=(. 6;  '/8 A+> (->(!>(/- +%/8(>&,

*A/ ><6'(R(L;7<7MR7$ UR>;R>< '(M$L77<4 R5( /U:R[ M[MR(;


/*=*-*9=*1/
!**$Z( / ! 4%  " />L :: Z ) M ( / ) '
7+  4
113 ?D ($(7X( R5( <(ZR 'R @$94(

C= A/= TD / R5( 'R $><$(L< R5( Q6@7L $U$7+ %( V$7+ %%



'(R(L;7<( !**$Z( / ! 7+ ' "% $$>L'7<4 R> ED A+D??]B />L ::
/ ) '
SD
(R(L;7<( !**$/ ! 7+ % [ ED A+D??SB
3D (R(L;7<( R5( M(R >/ /U:R $<'7'R(M [ ED A+D?]+BD
1D 7+  7+ ' "
><R7<U( Y7R5 R(@ ?D

= -199 TD /  @$94( 7M :>MR <' R5( L($(7X(' 'R $><$(L< R5( Q6@7L

$U$7+ ' "%( V$7+ ' "%% '(R(L;7<( !**$Z( / ! 7+ ' 1% $$>L'6

7<4 R> ED A+D???B <' !**$Z( / ! 7+ ' "% [ ED A+D??TB />L
:: / ) '
SD
(R(L;7<( !**$/
! 7+ % <' !**$/ ! 7+ ' "% [ ED A+D??SB
3D (R(L;7<( R5( M(RM  $7+ % <' $7
+ ' "% [ ED A+D?]+BD

1D 7+  7+ '1
><R7<U( Y7R5 R(@ ?D

9@-= + % />L 7<$L(M7<4 R7;( 5>L7\>< 7+


(R >/ /U:R $<'7'R(M $7

C=/9*1/ "18 .@-=*3- 3,' -19996 5( ;(R5>' '(M$L7(' M> /L />L M7<4:(
'R :>MM(M M5>YM R5( ;7< 7'( />L '(:7<4 Y7R5 R57M M7RUR7><D M <> 7</>L;R7><
7M L($(7X(' [ R5( >//6>L' $>;@><(<R >UR R5( 7<@UR U$7% <' R5( >UR@UR V$7%
<' M R5( $>;@:(R(<(MM >/ R5( '74<>MR7$ L(MU:R M5>U:' ( (<MUL('& R5( '74<>MR7$
;(R5>' (Z$:U'(M /U:RM / ><:[ 7/ R5([ 5X( R> ( (Z$:U'(' />L L7RLL[ Q6@7LM
$U$7%( V$7%%D / R5( MU;;R7>< 7< ED A+D???B >X(L U$7%& V$7% <' Z   Z$7 ' "%
[7(:'M  @>M7R7X( L(MU:R& ><( $>U:' L(@:$( R5( ;7MM7<4 'R $U$7%( V$7%% [  @7L
$U( V% Y7R5 U ) I & V ) J MU$5 R5R R5( $>;@:(R(' Q6M(EU(<$( 7M $><M7MR(<R
Y7R5 R5( ;>'(: />L R5( /U:R / D 57M G>@R7;7MR7$G L(@:$(;(<R >/ R5( ;7MM7<4 'R 7M
<($(MML[ 7< >L'(L R> (<MUL( R5( $>;@:(R(<(MM >/ R5( '74<>MR7$ L(MU:RD
2O[ .CXFW C, )]`]FW ,>:CFX>X 9^7

57M 7'( $< >X7>UM:[ (ZR(<'(' R> ;U:R7@:( 'R :>MM(M& Y5(L( RY> >L ;>L( MU$6
$(('7<4 @$94(M L( <>R RL<M;7RR(' R> R5( >//6>L' $>;@><(<RD 5(< R5( MU;6
;R7>< 7< ED A+D???B 5M R> ( (ZR(<'(' >X(L :: R5(M( :>MR 'R R>4(R5(L Y7R5 R5(
MU$$(MM>L MRR(M >/ R5(M( 'RD :(L:[& R5( :L4(L R5( <U;(L >/ :>MR @$94(M 7M& R5(
;>L( $><M(LXR7X( 7M R5( '74<>MR7$ L(MU:RD >Y(X(L& R5( ;(R5>' (Z@:7<(' (<MUL(M
R5( $>;@:(R(<(MM >/ R5( M(R >/ /U:R $<'7'R(MD 5R 7M& <> /U:R / 7M (Z$:U'(' /L>;
R57M M(R& />L Y57$5 R5( L($(7X(' 'R '> <>R @L>X( 7RM 7<X:7'7R[D

+0 &.(- & 141(- !&(.!.

6;62 *'/19=* 381-.

57M M($R7>< @L(M(<RM RY> >M(LX(L M$5(;(M />L 7M>:R7<4 M(<M>L >L $RUR>L /7:UL(MD
R 7M M(' >< R5( '74<>MR7$ ;(R5>' '(X(:>@(' 7< ($R7>< +D3& Y57$5 7M <>Y @@:7('
R> R5( M7RUR7>< R5R  M(<M>L >L < $RUR>L /7:MD
< R5( @L(X7>UM M($R7><M M$:LM 5X( ((< UM(' />L R5( M[;>:7$ 7<@UR <' >UR@URD
>Y(X(L& $><RL>: M[MR(;M UMU::[ 5X( ;U:R7@:( 7<@UR <' >UR@UR M74<:M& MM>$7R6
7<4 @5[M7$::[ ($5 7<@UR R> < $RUR>L <' ($5 >UR@UR R>  M(<M>LD 5(L(/>L(& R5(
M$:L 7<@UR <' >UR@UR M[;>:M UM(' (/>L( L(& 7< /$R& $>;@>M(' >/ M(X(L: M[;6
>:7$ X:U(M 47X(< R> R5( $RUR>LM >L >R7<(' /L>; R5( M(<M>LM& Y57$5 L( (<$>'('
[ R5( M$:LM U <' VD 5( ;@@7<4M R> ( @@:7(' R> R5( 7<@UR >L >UR@UR X($R>LM
L( />L;::[ 7<RL>'U$(' 7< R5( />::>Y7<4D 5( X($R>L <>RR7>< ;9(M 7R @>MM7:( />L
R5( '74<>MR7$ :4>L7R5; R> MM>$7R( Y7R5  /U:R R5( L745R M(<M>L >L $RUR>LD (<$(&
R5( ;(R5>'M R5R Y7:: ( '(X(:>@(' 7< R57M M($R7>< (9/+> R5( /U:R [ M5>Y7<4 Y57$5
$>;@><(<R AM(<M>L >L $RUR>LB /7:MD
>L  ;U:R767<@UR ;U:R76>UR@UR M[MR(;& 7<MR(' >/ R5( Y5>:( 7<@UR M(R
I  #"( 1( E E E (  8 . 8 8 8 2 $
= M(RM Y7R5 R5( M[;>:7$ 7<@UR X:U(M >/ R5( = 7<@UR $5<<(:M L( UM('
I  #"( 1( E E E ( , $ ( 4  "( E E E ( =
<'  ;@@7<4
  I" 5 8 8 8 5 I"2 4 I
7M '(0<(' MU$5 R5R R5( 7<@UR X:U( U UM(' 7< R5( @L($(('7<4 M($R7><M 7M >R7<('
/L>; R5( M[;>:7$ X:U(M U, >/ R5( = 7<@UR $5<<(:M%
U   $U ( E E E ( U2 %E
<:>4>UM:[& R5( M(RM
J  #"( 1( E E E (  8 . 8 8 8 ? $
J  #"( 1( E E E ( , $ ( 4  "( E E E ( K
<' R5( ;@@7<4
9^[ 2O >:CFX>X C, W.)FC6:`W$A. )FC]WFA F5 ,>X)W.].=.d.C] XgX].BX

  J" 5 8 8 8 5 J"? 4 J
V   $V ( E E E ( V? %
L( '(0<('D < R5( />::>Y7<4& R5( 7<@UR <' >UR@UR >/ R5( M[MR(; L( MMU;(' R> (
X($R>L6X:U(' <' R5( 78($R7X( ;@@7<4M  <'  RL<M/>L; R5(M( 7<@UR <'
>UR@UR X($R>LM R> M$:L M[;>:7$ X:U(MD 7R5 R5(M( 78($R7X( ;@@7<4M 7< ;7<'& 
X($R>L <>RR7>< Y7R5 R5( 7<@UR X($R>L 7 )  <' R5( >UR@UR X($R>L 8 )  Y7R5
  I" 5 8 8 8 5 I"2
<'
  J" 5 8 8 8 5 J"?
7M UM('D
5( 7; >/ M(<M>L >L $RUR>L /U:R '74<>M7M 7M R> '(R(L;7<( Y57$5 M[;>:7$ 7<@UR
U, >L >UR@UR V, $UM(M < 7<$><M7MR(<$[ Y7R5 R5( /U:R:(MM ;>'(:D 5( ;>R7XR7>< 7M
R> 7'(<R7/[ /U:R[ ;(MUL(;(<RM >/ R5( 7<@UR >L >UR@UR Y7R5>UR R5( <((' R> (Z@:7$7R:[
;>'(: MU$5 /U:RMD 5( MMU;@R7>< M7;@:[ 7M R5R  /U:R[ M(<M>L >L /U:R[ $RUR>L
(5X(M '7//(L(<R:[ M  /U:R:(MM ><(D MMU;( R5R U0, $7% >L V 0, $7% '(<>R( R5( RLU(
7<@UR R> R5( M[MR(; >L >UR@UR /L>; R5( M[MR(;D 5(< />L  /U:R:(MM $RUR>L R5(
L(:R7>< U, $7%  U0, $7% <' />L  /U:R:(MM M(<M>L R5( (EU:7R[ V, $7%  V0, $7% 5>:'M
RLU(D 5( >$$ULL(<$( >/  /U:R 7< R5( 46$>;@><(<R 7;@:7(M R5R R5( 47X(< (EU:7R[
'>(M <>R 5>:' />L R5( 7<'(Z 4D
5( ;7< 7'( >/ M(<M>L >L $RUR>L '74<>M7M 7M (Z@:7<(' />L $>LLU@R(' >UR@UR
M74<:MD MMU;( R5R >UR@UR M[;>:M V, L( ;(MUL(' R5R '7//(L /L>; R5( M[;>:M
V0, R5R L(::[ >$$UL 7< R5( M[MR(;D $$>L'7<4 R> ($R7>< +DSDP& R5( '(<>;7<R>L
3
$7+ %  $7+ % 8 )! $Z$7+ % !  $4EEE7+ 4"%(  $4EEE7+ 4"%% A+D??3B
M". $ #"M". #

>/ ED A+DP3B 7M <><\(L> 7/ <' ><:[ 7/ R5( Q @7L $(  % U@ R> R7;( 7+ 7M $><M7MR(<R
Y7R5 R5( M[MR(;D (<$(& M :><4 M />L :: >UR@UR M74<:M V, & $4  "( EEE( K% R5( L(:R7><
V, $8%  V 0, $8%& $8  4( EEE( 7+ % 5>:'M&  <><\(L> '(<>;7<R>L $7+ % 2 4 7M >R7<('D
/ R5( '(<>;7<R>L $7+ % ($>;(M \(L>& R :(MR ><( >/ R5( >UR@UR M74<:M V, $8%
;UMR '7//(L /L>; R5( $>LL($R >UR@UR V 0, $8% />L R :(MR ><( R7;( 7<MR<R 8D / R57M
7<$><M7MR(<$[ 7M L(;>X(' [ L(@(R7<4 R5( '74<>M7M />L 8  4EEE7+ Y57:( UM7<4 ::
UR R5( 46R5 >UR@UR& 7R ($>;(M $:(L R5R R5( 46R5 >UR@UR ;UMR ( $>LLU@R('D >L R57M
L(@(R7R7><&  ;>'(: 5M R> ( UM('& Y57$5 '(M$L7(M R5( M[MR(; Y7R5 L(M@($R R> ::
UR R5( 46R5 >UR@URD (M>:X7<4 R5( 7<$><M7MR(<$[ 7< R57M Y[ 7M>:R(M R5( M>UL$( >/ <
>UR@UR M74<: $>LLU@R7><D

6;6? /918 9@38A*9*1/

57M M($R7>< '(X(:>@M RY> M$5(;(M />L M(<M>L /7:UL( '(R($R7><D M R57M M$5(;( 7M
$><$(@RU::[ M7;7:L R> R5( 4(<(L:7M(' >M(LX(L M$5(;( >L R5( '('7$R(' >M(LX(L
M$5(;( '(X(:>@(' />L $><R7<U>UM6XL7:( M[MR(;M "P1#& R5( M;( R(L;7<>:>4[ 7M
2O[ .CXFW C, )]`]FW ,>:CFX>X 9^Z




     
  
           


    

              
        

 
            
              


 
  
 
            
               


    

                    

+ +21+ .C.WA>X., F$X.Wd.W X)<.B. 5FW X.CXFW 5`A] >XFA]>FC

UM(' 5(L(D 5( M(<M>L >L $RUR>L /U:RM Y57$5 L( $><M7'(L(' 7< R57M M($R7>< L(MU:RM
7<  $>;@:(R( /7:UL( >/ R5(M( $>;@><(<RMD 5(L(/>L(& R5( R(L; GM(<M>L /7:UL( '(6
R($R7><G '(M$L7(M R5( M7RUR7>< (RR(L R5< GM(<M>L /U:R 7M>:R7><G <' Y7:: ( UM('
5(L(D

/8-*9 198A8 9(.6 5( 7'( (Z@:7<(' >X( :('M R> R5( %-8+(9
/98C8 9&, '(@7$R(' 7< 74D +DTSD 5( U@@(L :>$9 7M R5( MRR( >M(LX(L >/ R5(
>X(L:: M[MR(;D [ ;(<M >/ 7RM >UR@UR $7+ % >R7<(' /L>; ED A+D??3B& R5( $><6
M7MR(<$[ >/ R5( Q @7L 7M $5($9('D / $7+ % ($>;(M \(L>& R5( >R5(L K >M(LX(LM
L( 7<X>9(' R> R(MR Y5(R5(L R5( $>LL(M@><'7<4 >UR@UR M74<: 7M $>LLU@R('D $5 >/
R5( K :>$9M >/ R5( 4(<(L:7M(' >M(LX(L M$5(;( >R7<M :: UR ><( >UR@UR M74<:M
<' R(MRM R5( $><M7MR(<$[ >/ R5( 7<@UR M(EU(<$( <' R5( M(EU(<$( >/ R5( L(;7<7<4
>UR@UR M74<:M Y7R5  ;>'(: R5R '(M$L7(M R5( M[MR(; Y7R5 :: UR R5( 46R5 >UR@URD
$5 :>$9 >/ R5( 4(<(L:7M(' >M(LX(L M$5(;( [7(:'M R5( '(<>;7<R>L >/ R5( $>LL(6
M@><'7<4 >M(LX(L M >UR@URD ULR5(L;>L(& ($5 :>$9 [7(:'M < >M(LXR7>< L(MU:R
M(' >< :(MM 7</>L;R7>< $>;@L(' R> R5( ;7< >M(LXR7>< :>$9D
5( :>Y(L @LR >/ 74D +DTS 5M R5( M;( MRLU$RUL( M R5( 4(<(L:7M(' >M(LX(L
M$5(;( 9<>Y< /L>; M(<M>L /7:UL( '(R($R7>< >/ $><R7<U>UM6XL7:( M[MR(;MD >Y6
(X(L& M '7M$L(R(6(X(<R M[MR(;M L( '(M$L7(' [ MR>$5MR7$ UR>;R LR5(L R5< '7/6
9^2 2O >:CFX>X C, W.)FC6:`W$A. )FC]WFA F5 ,>X)W.].=.d.C] XgX].BX

/(L(<R7: (EUR7><M& R5( ;(R5>'M UM(' R> @@:[ R5( 4(<(L:7M(' >M(LX(L M$5(;( />L
$><R7<U>UM <' '7M$L(R( M[MR(;M '7//(L $>;@:(R(:[D
5( />::>Y7<4 L(MU:RM />L;::[ MRR( R5( >X( (Z@:<R7>< >/ R5( 4(<(L:7M(' >6
M(LX(L M$5(;(D 5( 0LMR L(MU:R $><$(L<M R5( ;>'(: R> ( UM(' [ R5( :>$9M >/ R5(
4(<(L:7M(' >M(LX(L M$5(;( A/>L  @L>>/ $/D "?1=#BD
.. 6& & 9>/&9>( 28/99 D(>&/A> >& 4'>& /A>2A> V, (9 8289-> F >&
9>/&9>( A>/,>/-
  $ M (  ( J" 5 8 8 8 J", 5 J",$ 5 8 8 8 5 J"? ( J % ( A+D??1B
D(>& >& &C(/A8+ 8+>(/-
3
J $Z  ( $V ( E E E ( V, ( V,$ ( E E E ( V? % ! Z( 7%  $Z  ( 8 ! Z( 7% E A+D??PB
J

5( :(;; M R5R R5( MR>$5MR7$ UR>;R>< L(@L(M(<R7<4 R5( MR>$5MR7$ @L>$(MM
Y7R5>UR >UR@UR V, $< ( >R7<(' '7L($R:[ /L>; R5( MR>$5MR7$ UR>;R>< L(@L(M(<R6
7<4 R5( Y5>:( MR>$5MR7$ @L>$(MM& 7/ R5( <(Y (5X7>UL: L(:R7>< J 7M '(R(L;7<('
$$>L'7<4 R> ED A+D??PBD 5( 4D+ $>;@><(<R >/ R5( 4(<(L:7M(' >M(LX(L M$5(;(
'(R(L;7<(M R5( '(<>;7<R>L A+D??3B [ ;(<M >/ R5( UR>;R>< A+D??1BD RM L(MU:R 7M
'(<>R(' [ , $7+ %D

.. 6$ $7+ % 2 4 (,2+(9 , $7+ % 2 4 $4  "( EEE( K% /8 & +/* / >&
%-8+(9 /98C8 9&,5
$$>L'7<4 R> R57M L(MU:R& R5( >M(LXR7>< :>$9M >/ R5( 4(<(L:7M(' >M(LX(L M$5(;(
<((' ><:[ R> ( 7<X>9(' 7/ $7+ % ($>;(M \(L>D R5(LY7M( 7R 7M $:(L R5R R5(M(
:>$9M& Y57$5 L( $><<($R(' R>  /(Y(L <U;(L >/ >UR@UR M74<:M& 7<'7$R( R5( $><6
M7MR(<$[ >/ R5( Q @7L Y7R5 R5(7L ;>'(:D
L>X7'(' R5R ><:[ ><( >UR@UR M74<: 7M $>LLU@R('& 7R $< ( 7M>:R(' 'U( R> R5(
/>::>Y7<4 @L>@(LR[ >/ R5( 4(<(L:7M(' >M(LX(L M$5(;(%
.. 6; 99A, >&> >& 4'>& /A>2A> 9(%-+ /->(-9 C+A9 V, $8% ( 8->
8/, V 0, $8% D&(+ >& 8,(-(-% /A>2A> 9(%-+9 - >& (-2A> 8 /88> /8 8 
4( "( EEE( 7+ 5 &- , $7+ % 2 4 &/+95
$$>L'7<4:[& R5( 46R5 :>$9 '>(M <>R ($>;( 7<$><M7MR(<R 7/ ><:[ R5( 46R5 >UR@UR
M74<: 7M $>LLU@R('D (<$(& R5( 4(<(L:7M(' >M(LX(L M$5(;( $< ( UM(' R> 7M>:R(
R5( $>LLU@R(' >UR@UR M74<: M />::>YM%
2O[ .CXFW C, )]`]FW ,>:CFX>X 9^D

181--8D 6; 4 /=*#=*1/ 1" 188@3= 1@=3@= 9*'/-9 D =( /8-*9


98A8 (.5
99A, >&> >& 4'>& /A>2A> 9(%-+ /->(-9 C+A9 V, $8% ( 8-> 8/, V 0, $8%
D&(+ >& 8,(-(-% /A>2A> 9(%-+9 - >& (-2A> 8 /88> /8 8  4( "( EEE( 7+ 5
>& /98C8 +/* F(+9 >& 89A+> $7+ %  4 - >& %-8+(9 /98C8
9&, >& 89A+>9
- $7+ %  4( 6  "( EEE( 44"( 4'"( EEE( K
, $7+ % 24
>&- >& 4'>& /A>2A> 9(%-+ (9 /88A2>5

6#(" +'9 '/(. #%2. 11#(' ( 1! 14("1'$ /6/1&


<. :.C.WA>X., F$X.Wd.W X)<.B. >X KKA>., ]F ]<. ]eF=]C@ .fBKA. >C]WF,`)., >C .)]>FC _OIO
<. X.CXFWX W. XX`B., ]F ,.A>d.W ,>X)W.]. X.CXFW W.,>C:X+ e<>)< X<Fe ]<] ]<. A.d.AX F5 ]<.
)FWW.XKFC,>C: ]C@ >X >C  ).W]>C >C].WdAO FW $F]< X.CXFWX+ Ii ,>55.W.C] A.d.AX W. ,>X]>C=
:`>X<.,O 5 ]<. K`BK >X XX`B., ]F F$]>C  ,>X)W.]. >CK`]+ e<>)< X<`]X ]<. K`BK F55 FW FC+
]<. ]eF=]C@ XgX].B >X  ,>X)W.].=.d.C] XgX].BO .X>,.X ]<. X.CXFW 5>A`W.X+ ]<.W. Bg $. 
A.@:. >C C@ I C,  $AF)@:. F5 ]<. F`]8FeO
X >] e>AA $. X<FeC >C ,.]>A >C <K].W D+ ]<. ]eF=]C@ XgX].B )C $. BF,.AA., $g 
X]F)<X]>) `]FB]FC+ e<>)< <X ,>W.)] W.5.W.C). ]F ]<. ,>X)W.].=dA`., >CK`] C, ]<. ,>X)W.].
X.CXFW >C5FWB]>FCO  X]F)<X]>) `]FB]FC >X F$]>C., 5WFB ]<. X]].=XK). BF,.A F5 ]<. ]C@
XgX].B :>d.C >C .)]>FC _OI $g B.CX F5 ]<. $X]W)]>FC B.]<F, .fKA>C., >C .)]>FC DO9O_O C
`]FB]FC e>]< Iii X]].X C, _i_Z CFCh.WF .C]W>.X >C ]<. $.<d>F`WA W.A]>FC  <X $..C
F$]>C.,+ e<>)< )CCF] $. X<FeC <.W.O <>X BF,.A ]@.X >C]F )FCX>,.W]>FC FCAg ]<. KAC]
5`A]X LA.@:.+ $AF)@:.M+ $`] ,F.X CF] W.5.W ]F ]<. X.CXFW 5>A`W.XO <. F$X.Wd.W X)<.B. ]<]
`X.X ]<>X BF,.A <X $..C KKA>., ]F  A$FW]FWg ]C@ XgX].B e>]< ]<. 5FAAFe>C: W.X`A]XO
>:`W. 2O_9 X<FeX  X.Q`.C). F5 B.X`W.B.C]X F$]>C., 5WFB ]<. ]eF A.d.A X.CXFWXO <.
$A)@ W.:>FCX BW@ ]<. >C].WdAX >C e<>)< ]<. ]C@ A.d.AX W.X>,. ] ]<. )FWW.XKFC,>C: ]>B.
>CX]C]O CAg ]<.X. >C].WdAX $`] CF KW.)>X. B.X`W.B.C] dA`.X W. @CFeCO C ]<. .fK.W>B.C]+
]<. K`BK <X $..C )FBBC,., ]F $. F55 .f).K] 5FW ]<. ]>B. >C].WdA $.]e..C Di X C, IZi XO
.5FW. ]>B. h.WF+ ]<. ,>:CFX]>) $AF)@ :d. KWF$$>A>]g F5 I 5FW ]<. 5`A]A.XX )X.O
] ]>B. 9i X+ ]<. A.d.A X.CXFW I $W.@X ,FeC C, :>d.X K.WBC.C]Ag  Q`A>]]>d. A.d.A h.WF
X X<FeC >C >:O 2O_9O Fe.d.W+ `K ]F ]>B. Iii X ]<. 5`A] ,.].)]>FC $AF)@ X>:CAX )FCX>X].C)g
F5 ]<. B.X`W., \ K>W e>]< ]<. BF,.A C, <.C). ]<. 5>A`W. F5 X.CXFW I )CCF] $. ,.].)].,
>C ]<>X ]>B. >C].WdA L)5O >:O 2O_7MO <>X >X $.)`X.  AFe A.d.A >C C@ I 5FW K`BK F55 >X CF] >C
)FC8>)] e>]< ]<. XgX].B ,gCB>)XO  BFW. ,.]>A., CAgX>X $g KKAg>C: ]<. ,>:CFX$>A>]g
].X] .fKA>C., >C .)]>FC 2O9O9 X<FeX ]<] ]<. X.CXFW 5`A] >X CF] ,>:CFX.$A. >C ]<. ]>B.
>C].WdA $.]e..C 9i X C, Iii XO
] ]>B. Iii X ]<. 5`A] ,.].)]>FC $AF)@ >C,>)].X ]<. .f>X].C). F5 XFB. 5`A] L 4 " !  0
5FW 4" % 00 XM C, ]<. :.C.WA>X., F$X.Wd.W X)<.B. >X >CdF@.,O C]`>]>d.Ag ]<>X >C)FCX>X=
].C)g F))`WX $.)`X. ]<. A.d.A B.X`W.B.C] >C C@ I W.B>C., h.WF e<.C ]<. K`BK >X FCO
))FW,>C: ]F >:O 2O_7 ]eF F$X.Wd.W $AF)@X W.B>C )FCX>X].C] ] Iii X+ CB.Ag ]<. $AF)@X
5FW  K`BK 5`A] C, 5FW ]<. .CXFW I 5`A]O $d>F`XAg+  K`BK 5`A] AXF .fKA>CX ]<. h.WF
B.X`W.B.C] ] ]>B. Iii X C, ]<. W.X`A] >X+ ]<.W.5FW.+ )FWW.)]O `] e<.C ] ]>B. I[i X ]<.
A.d.A >C C@ _ W.)<.X ]<. X.)FC, Q`C]>X]>FC >C].WdA >] >X d>X>$A. 5WFB ]<. B.X`W.B.C]X
]<] `BK I >X eFW@>C: C,+ <.C).+ .CXFW I B`X] $. 5`A]gO f)]Ag ]<>X W.X`A] >X F$]>C.,+
99i 2O >:CFX>X C, W.)FC6:`W$A. )FC]WFA F5 ,>X)W.].=.d.C] XgX].BX

 ¥

'#
'
QØR
 ç

ç xç ¥çç ¥xç Öçç Öxç

+ + ++ + &++ &+


-iVž™`Å

"+ ç²xÉ
!! ##
*#


ç²x¥
ç²{x
ç²Ñ›
ç²ÑÑ
Qá¥R

ç²ÖÉ
ç²Ö¥
ç²¥x
ç²ç›
ç²çÑ
+ ç xç ¥çç ¥xç Öçç Öxç
+ + ++ -iVž™`Å + &++ &+
%+
!! #&#
*#

ç²Önx
&

ç²Öxx
ç²ÖÖx
ç²¥›x
ç²¥Ëx
QáÖR

ç²¥Ñx
ç²¥çx
ç²çÉx
ç²ç{x
ç²ç¥x
+

+

++
¥çç
-iVž™`Å +
¥xç
&++ Öçç
&+ Öxç

$##!  !
+ +2+ >X)W.]. >CK`] X.Q`.C). L]FKM C, ,>X)W.]. B.X`W.B.C]
X.Q`.C).X F5 ]<. ]eF X.CXFWX

' Í*Ív>؏Ï
'$

!! #
-ÍEÍ

-¥Ív>؏Ï

'$

!! #& -ÖÍv>؏Ï


'$
ç xç ¥çç ¥xç Öçç Öxç
++ + &++ &+ + + -iVž™`Å

$##!  !
+ +2+ .X`A] F5 ]<. X.CXFW C, )]`]FW X`K.Wd>X>FC XgX].BO W.g
FW $A)@ $Ff.X >C,>)]. )FCX>X].C)g F5 ]<. \ K>W e>]< ]<.
)FWW.XKFC,>C: BF,.A ] ]<. )FWW.XKFC,>C: ]>B. >CX]C]O
2O[ .CXFW C, )]`]FW ,>:CFX>X 99I

C, FCAg ]<. X`K.Wd>X>FC $AF)@ CF] )FCC.)]., ]F .CXFW I W.B>CX )FCX>X].C] C, >XFA].X ]<.
5`A]g X.CXFWO 7
'

*= 198A8 9(.6 < :R(L<R7X( Y[ R> 7M>:R( $>LLU@R(' Q M74<:M
7M @L>X7'(' [ R5( (> /98C8 9&, M5>Y< 7< 74D +DTPD < $><RLMR R>
R5( 4(<(L:7M(' >M(LX(L M$5(;(& ($5 :>$9 >/ R5( '('7$R(' >M(LX(L M$5(;( 7M
$><<($R(' R> ><:[ ><( >UR@URD 5( ;>'(: UM(' />L ($5 >M(LX(L >/ R5( '('7$R('
>M(LX(L M$5(;( 7M <:>4>UM R> R5( ;>'(: '(M$L7(' 7< (;; +D3 7/ R5( MU; 7<
ED A+D??PB 7M '(R(L;7<(' />L :: UR ><( >UR@URD (;; +D1 5>:'M (EU7X:(<R:[ />L
R5( '('7$R(' >M(LX(L M$5(;( <' R5( $>LLU@R(' >UR@UR M74<: $< ( 7M>:R(' /L>;
R5( />::>Y7<4 L(MU:R%
.. 6: 99A, >&> ++ (-2A>9 8 /88>5 >& /98C8 +/* F(+9 >& 8'
9A+> $7+ %  4 - >& (> /98C8 9&, >& 89A+> , $7+ %  4 >&- >&
4'>& /A>2A> 9(%-+ (9 /88A2>5




     
  
           

     


         
        

  
         
             


 
  

  
         
             


    

  
             

+ +2/+ .,>)]., F$X.Wd.W X)<.B. 5FW X.CXFW 5`A] >XFA]>FC

5( ;7< 'X<R4( >/ R5( '('7$R(' >M(LX(L M$5(;( 7M R5R ;U:R7@:( $>LLU@R('
>UR@UR M74<:M $< ( '(R($R(' Y57:( R5( 4(<(L:7M(' >M(LX(L M$5(;(& 7< 4(<(L:&
99_ 2O >:CFX>X C, W.)FC6:`W$A. )FC]WFA F5 ,>X)W.].=.d.C] XgX].BX




     
  
            


    

             
       

 
           
         

 
  
 
           
           


    
                   

+ +2.+ .C.WA>X., F$X.Wd.W X)<.B. KKA>., ]F >CK`] X>:CA


X`K.Wd>X>FC

[7(:'M , $7+ %  4 7< R57M $M(D < R5( >R5(L 5<'& R5( :>$9M >/ R5( 4(<(L:7M(' >6
M(LX(L M$5(;( UM( ;>L( 7</>L;R7><& <' L(& R5(L(/>L(& ;>L( M(<M7R7X( R> $>LLU@R('
M74<:MD ULR5(L;>L(& R5( 4(<(L:7M(' >M(LX(L M$5(;( '7L($R:[ [7(:'M R5( >M(LX6
R7>< L(MU:R (Z$:U'7<4 R5( /U:R[ M74<:D

6;6> =@=18 9@38A*9*1/


57M M($R7>< '(X(:>@M  G'U:G $><$(@R />L $RUR>L /7:UL( '(R($R7><D < 74D +DTO&
R5( 4(<(L:7M(' >M(LX(L M$5(;( />L MU@(LX7M7<4 R5( 7<@UR M74<:M 7M M5>Y<D RM @@:76
$R7>< 7M M '(M$L7(' [ (;;M +D1 <' +DPD 5( ;>'(:M R> ( UM(' 7< R5( :>$9M
>/ R5( 4(<(L:7M(' >M(LX(L M$5(;( L( >R7<(' M />::>YM%
.. 6 & 9>/&9>( 28/99 D(>&/A> >& 4'>& (-2A> U, (9 8289-> F >&
9>/&9>( A>/,>/-
  $ M ( I" 5 8 8 8 I", 5 I",$ 5 8 8 8 5 I"2 (  ( I % (
D(>& >& &C(/A8+ 8+>(/-
3
I $Z  ( 8 ! Z( $U ( E E E ( U, ( U,$ ( E E E ( U2 %%  $Z  ( 8 ! Z( 7% 8 )! $U, % (
I
A+D??OB
2OZ FC]WFA W.)FC6:`W]>FC 5FW X]F)<X]>) `]FB] 99^

D&8 )! $U, % -/>9 >& '28(/8( 28/(+(>F (9>8(A>(/- / >& 4'>& (-2A> 9(%-+5
5( 4(<(L:7M(' >M(LX(L M$5(;( />L $RUR>L /7:UL( '(R($R7>< 7M M5>Y< 7< 74D +DTOD
R 7M R5( G'U:G MRLU$RUL( >/ 74D +DTSD 5( (5X7>UL: L(:R7><M I UM(' 7< R5( 46R5
'74<>MR7$ :>$9 L( >R7<(' [ ED A+D??OBD
57M M$5(;( 5M R5( M;( @L>@(LR7(M M R5( 4(<(L:7M(' >M(LX(L M$5(;( />L M(<M>L
/7:UL( '(R($R7><D M :><4 M /U:R '(R($R7>< :>$9 [7(:'M  <><6X<7M57<4 7<'7$R>L
$7+ %& R5( $RUR>L /7:UL( '(R($R7>< :>$9M [7(:' R5( M;( L(MU:R $, $7+ %  4%
<'& 5(<$(& <((' <>R R> ( @@:7('D / R5( /U:R '(R($R7>< :>$9 7<'7$R(M R5( >$6
$UL(<$( >/ M>;( /U:R $$7+ %  4%& R5( = '74<>MR7$ :>$9M >/ R5( 4(<(L:7M('
>M(LX(L M$5(;( L( 7<X>:X(' R> '($7'(& Y5(R5(L R5( /U:R 7M < $RUR>L /7:UL(D
< <:>4[ R> R5( '('7$R(' >M(LX(L M$5(;( />L M(<M>L /7:UL( '(R($R7>< M5>Y< 7<
74D +DTP&  '('7$R(' >M(LX(L M$5(;( />L $RUR>L /7:UL( '(R($R7>< $< ( '(X(:6
>@('D

#,! +1 5)%##1 /'/(. (. 121(. 2%1 &(%/


<. :.C.WA>X., F$X.Wd.W X)<.B. C, ,.,>)]., F$X.Wd.W X)<.B. KWFd>,. C .A.:C] B.]<F,
]F >XFA]. X.CXFW C, )]`]FW 5`A]X e>]<F`] .fKA>)>]Ag BF,.AA>C: ]<.X. 5`A]XO <. BF,.A  F5
]<. 5`A]A.XX XgX].B >BKA>)>]Ag )FC]>CX ]<. XX`BK]>FC ]<] ]<. X.CXFW X>:CAX R # FW )]`]FW
X>:CAX Q# W. ] AA ]>B.X >,.C]>)A ]F ]<FX. X>:CAX )]`AAg F))`WW>C: ] ]<. XgX].BO .d.W=
]<.A.XX+ X.CXFW FW )]`]FW 5`A]X )C X]>AA $. .fKA>)>]Ag BF,.AA., e<.C `X>C: ]<.X. X)<.B.XO
<.C ]<. $.<d>F`WA W.A]>FC  U  ' R  U' -  -# ' Q! 5FW -  -# ,.X)W>$.X ]<. XgX].B >C
KW.X.C). F5 ]<. X.CXFW 5`A] -# O C ]<>X )X.+ ]<. ,.CFB>C]FW  4" ! F5 ]<. B>C ,>:CFX]>)
$AF)@ ,F.X CF] $.)FB. >C)FCX>X].C] e<.C ]<. X.CXFW 5`A] -# F))`WXO 7 '

+/ (&1-($ -(&4-1!(& (- .1(.1! 41(%1

57M M($R7>< $><$(L<M /U:R6R>:(L<R $><RL>: >/ '7M$L(R(6(X(<R M[MR(;M R5R L( '(6
M$L7(' [ MR>$5MR7$ UR>;RD R $>;7<(M R5( '74<>M7M >/ M(<M>L >L $RUR>L /U:RM
Y7R5 R5( L($><04ULR7>< >/ R5( MU@(LX7M>L R5R 5M $$(MM R> R5( M(<M>L <' $RU6
R>L M74<:MD R 7M M5>Y< 5>Y /U:R[ M(<M>L M74<:M $< ( L(@:$(' [ L($><MRLU$R('
M(<M>L >UR@UR X:U(M <' 5>Y R5( @L>$(MM MU@(LX7M>L $< ( L($><04UL(' 7/ /U:RM
>$$ULD U( R> R5( MRR( >/ R5( LR >/ /U:R6R>:(L<R $><RL>: >/ '7M$L(R(6(X(<R M[MR(;M&
R57M M($R7>< 7<$:U'(M ><:[  /(Y @L(:7;7<L[ 7<X(MR74R7><MD

6:62 @=1.=* 9@9=*=@=*1/ 1" "@-=D 9/9189

M7<4 R5( >M(LX(L M$5(;(M @L(M(<R(' 7< R5( @L(X7>UM M($R7><& 7R 7M @>MM7:( R> 7M>:R(
/U:R[ M(<M>LMD < R57M $M(& R5( $><RL>: M[MR(; $< ( L($><04UL(' [ L(@:$7<4 R5(
;7MM7<4 M(<M>L 7</>L;R7>< [  $>;@UR(' (MR7;R( >/ R5( $>LLU@R(' XL7:(D 57M
Y7:: ( (Z@:7<(' />L R5( 4(<(L:7M(' >M(LX(L M$5(;( 7<RL>'U$(' 7< R5( @L(X7>UM
M($R7><D
999 2O >:CFX>X C, W.)FC6:`W$A. )FC]WFA F5 ,>X)W.].=.d.C] XgX].BX

MMU;( R5R R5( 46R5 M(<M>L M74<: 7M $>LLU@R(' <' R5R R57M M(<M>L /7:UL( 5M
((< '(R($R(' M '(M$L7(' 7< >L>::L[ +DPD 5(< ><:[ R5( 46R5 MRR( >M(LX(L >/ R5(
4(<(L:7M(' >M(LX(L M$5(;( [7(:'M < >M(LXR7>< L(MU:R Y57$5 7M '(M$L7(' [
)! $Z$7% !  $4EEE7%( 0 $4EEE7%% A+D??+B
 )! $Z$7% !  $4EEE7%(  $4EEE7%( EEE( , $4EEE7%( ,$ $4EEE7%( EEE( ? $4EEE7%%(
Y57:( :: >R5(L >M(LX(LM [7(:' <> L(MU:R ($UM( >/ R5(7L X<7M57<4 '(<>;7<R>LM
$, $7+ %  4%D M(' >< R5( >M(LXR7>< L(MU:R A+D??+B R5( (MR7;R( />L V, 7M >6
R7<(' /L>;
)! $V, $7% !  $4EEE7%( 0 $4EEE7%% A+D??=B
3
 
0
J $Z ( 8$7% 0
! Z$7%( 7$7%% 8 )! $Z$7% !  $4EEE7%(  $4EEE7%% E
M

 MU@(LX7M>L R5R <(('M R5( 46R5 M(<M>L L('7<4 V, $< UM( R5( ;>MR @L>:( X:U(%
, $7%  ) 3 )! $V, $7% !  $4EEE7%(  $4EEE7%%E
V
J

57M Y[ >/ MUMR7RUR7<4 R5( /U:R[ M(<M>L L('7<4 [ R5( >M(LX(' X:U( 7M <:>6
4>UM R> Y5R 7M '><( />L $><R7<U>UM M[MR(;MD 5( '7//(L(<$( :7(M 7< R5( /$R R5R R5(
'7M$L(R( >M(LX(L UM(' 5(L( [7(:'M  M(R >/ >UR@UR X:U(M V, Y7R5 @>M7R7X( @L>7:7R[
Y5(L(M  $><R7<U>UM >M(LX(L :('M R>  U<7EU( @@L>Z7;R( >UR@UR X:U(D

6:6? @=1.=* 81/#'@8=*1/ 1" *'/19*9


/  M(<M>L >L $RUR>L /7:UL( >$$ULM& R5( '74<>MR7$ M$5(;( $< ( '@R(' R> R57M
M7RUR7><D 57M '@RR7>< 7M M7;7:L R> R5( '(L7XR7>< >/ R5( :>$9M >/ R5( 4(<(L:7M('
>M(LX(L M$5(;( /L>; R5( MRR( >M(LX(L >/ R5( >X(L:: M[MR(;D
MMU;( R5R R5( 46R5 >UR@UR 7M /U:R[D 5(< R5( '74<>MR7$ :4>L7R5; $< L(;7< 7<
>@(LR7>< /R(L 7R 5M ((< L($><04UL(' M> M R> 74<>L( V, D 5(< R5( $><M7MR(<$[ >/
R5( ;(MUL(' 7<@UR
4 <' >UR@UR M(EU(<$(M '(M$L7(' [ R5( '(<>;7<R>L >$$UL7<4 7<
ED A+D=?B />L '  ' $/  ! / %  " 7M L(MR>L(' 7/  7M L(@:$(' [ J %
, $7+ % 
3
J $7+ % 8 )! $Z$7+ %( / $7+ % !  $4EEE7+ 4"%(  $4EEE7+ 4"%% E
M". $ #"M". #"' ". #

J $7+ % '(<>R(M R5( (5X7>UL: L(:R7>< >/ R5( M[MR(; Y7R5>UR R5( 46R5 >UR@UR%
3
J $Z  ( $V ( E E E ( V, ( V,$ ( E E E ( V? % ! Z( ( /( 7%  $Z  ( 8 ! Z( /( 7% E
J

/ R57M '(<>;7<R>L '>(M <>R X<7M5 R5( ;(MUL(' M74<:M Y7R5 74<>L(' >UR@UR V , L(
$><M7MR(<R Y7R5 R5( ;>'(:D / 7R X<7M5(M&  /ULR5(L /U:R 7M '(R($R('D <:>4>UM:[&
/U:R[ 7<@URM $< ( '(:R Y7R5D
57M L($><04ULR7>< >/ R5( '74<>MR7$ :4>L7R5; Y7:: ( 7::UMRLR(' />L EU<R7M('
M[MR(;M 7< ($R7>< =DPD3D
2O2 f.W)>X.X 997

+ 7-!..

6,- +' /.3#%#16 ( /1(!/1# 21(&1


XX`B. ]<] ]<. )`WW.C] X]]. KWF$$>A>]g ,>X]W>$`]>FC >X :>d.C 5FW ]>B. 4 " C, ,.CF]., $g
% U 4" !!O WFd. ]<. 5FAAFe>C: 5)]* 5 ] ]>B. 4" #  C >CK`] Q 4" # ! C, C F`]K`]
R 4" #! F))`W 5FW e<>)<  ,.)FBKFX>]>FC L2OZ2M >X KFXX>$A. 5FW ]<. X]]. X.]
 4"  4" !  U % U, 4" !  U! 0 0
]<.C >C ].KX 9 C, 7 F5 ]<. F$X.Wd]>FC A:FW>]<B ]<. XB. W.X`A]X W. F$]>C., X $g X>B`=
A]>C: ]<. `]FB]FC $.<d>F`W ))FW,>C: ]F QO L2O_ZMO 7
'

6,- +2 # '(/#/ ( 5 2%1/


Fe )C ]<. A:FW>]<B 2O^ $. X>BKA>6., >5 ]<. 5`A] >X @CFeC CF] ]F )<C:. Fd.W ]>B.R 7
'

6,- +1 # '(/#/ (  1! .1(.


<. W.)]FW X<FeC >C >:O 2O_2 >X `X., e>]<>C  AW:.W $])< KWF).XX+ e<.W. >] >X 6AA., C,
.BK]>., >C FW,.W ]F $W>C:  ).W]>C BF`C] F5 A>Q`>, >C]F CF]<.W W.)]FWO FW ]<. $.<d>F`W F5
]<. W.)]FW FCAg ]<. .BK]g C, ]<. 5`AA X]]. >X ,>X]>C:`>X<.,+ e<.W. ]<. A>Q`>, A.d.A >X $Fd.
]<. <>:<.W FW $.AFe ]<. AFe.W $FW,.W X<FeC >C ]<. 6:`W.O <.X. X]].X W. ,.CF]., $g U  C,
U O
F 6AA ]<. W.)]FW+ ]<. K`BK >X Xe>])<., FC L>CK`] Q M+ ]F .BK]g ]<. W.)]FW+ ]<. >CK`] Q
FK.CX ]<. dAd.O  X.)`W>]g )<.)@ .CX`W.X ]<] ]<. K`BK >X CF] Xe>])<., FC >5 ]<. dAd. >X
FK.CO

 

 

 

 
+ +2+ ])< W.)]FW

IO .X)W>$. ]<. W.)]FW $g  ,.].WB>C>X]>) `]FB]FC


_O <. 5`A] - $W.@X ]<. K`BKO f].C, gF` BF,.A >C FW,.W ]F ,.X)W>$. ]<. W.)]FW 5FW ]<.
5`A]A.XX C, ]<. 5`A]g FK.W]>FC BF,.O
^O <. 5`A]A.XX W.)]FW W.B>CX 5`A]A.XX e>]< ]<. KWF$$>A>]g F5 DDN >C AA X]]. ]WCX>]>FCX
]<] W. )`X., $g Xe>])<>C: ]<. K`BK FW FK.C>C: C, )AFX>C: ]<. dAd.O f].C, gF`
BF,.A ]F :.]  X]F)<X]>) `]FB]FC+ e<>)< W.8.)]X ]<>X >C5FWB]>FCO 7 '
99[ 2O >:CFX>X C, W.)FC6:`W$A. )FC]WFA F5 ,>X)W.].=.d.C] XgX].BX

6,- + # '(/#/ ( '('"1.&#'#/1# 21(&1


Fe )C ]<. ,>:CFX]>) B.]<F, ,.d.AFK., >C ]<>X )<K].W $. X>BKA>6., >5 >CX]., F5  X]F)<X=
]>) `]FB]FC  CFC=,.].WB>C>X]>) `]FB]FC >X `X., ]F ,.X)W>$. ]<. XgX].B `C,.W )FCX>,.W=
]>FCR F ]<. X.]X F5 5`A] )C,>,].X F$]>C., $g $F]< B.]<F,X ,>X]>C:`>X<R 7
'

+' !$!(-*!$ &(1.


<. 6WX] W.X`A]X )FC).WC>C: X]]. F$X.Wd]>FC F5 ,>X)W.].=.d.C] XgX].BX F))`WW., >C )FCC.)]>FC
e>]< ]<. X`K.Wd>XFWg )FC]WFA ]<.FWg ,.d.AFK., >C '_i7( e<.W. ]<. X`K.Wd>XFW <X ]F W.)FCX]W`)]
]<. )`WW.C] X]]. F5 ]<. XgX].B 5WFB KW]>AAg B.X`W$A. X]].X FW .d.C]XO .5.W.C). 'I_D(
,.6C., ]<. CF]>FC F5 ]<. F$X.Wd$A. AC:`:. C, ,.d.AFK., W.X`A]X FC ]<. .f>X].C). F5 ]<.
)FB$>C., X`K.Wd>XFWg )FC]WFA C, ]<. F$X.Wd]>FC KWF$A.B :>d.CO .5.W.C). '^7( X<Fe.,
]<] 5FW X`K.Wd>XFWg )FC]WFA ]<. KWF$A.B F5 X]]. F$X.Wd]>FC )C $. W.5FWB`A]., X C .d.C]
F$X.Wd]>FC KWF$A.BO
<. )AXX>)A F$X.Wd$>A>]g ,.6C>]>FC <X $..C :>d.C >C '^[( C, eX `X., AXF+ 5FW .fBKA.+
>C ]<. ].f]$FF@X >C '^^( C, '__^(O ))FW,>C: ]F ]<>X ,.6C>]>FC  X]F)<X]>) `]FB]FC >X )AA.,
<0+*@;0+1+<@+ FW F$X.Wd$A. >5 5FW AA X]].X U ]<. X`)).XXFW X]]. U   C U' Q' R! )C $.
`CB$>:`F`XAg ,.].WB>C., >5 ]<. )`WW.C] X]]. U+ ]<. )`WW.C] >CK`] Q C, )`WW.C] F`]K`] R
W. @CFeCO <>X ,.6C>]>FC >X `X.5`A FCAg >5 >] )C $. <<C0 ]<] FC. `]FB]FC X]]. U
] XB. ]>B. 4 >X KW.)>X.Ag @CFeCO <.C+ ]<. 5`]`W. X.Q`.C). F5 X]].X X]W]>C: >C U )C $.
`CB$>:`F`XAg ,.].WB>C.,O Fe.d.W+ X AFC: X ]<>X XX`BK]>FC >X CF] X]>X6.,+ ]<. CF]>FC F5
F$X.Wd$>A>]g ,F.X CF] Xg Cg]<>C: $F`] ]<. XFAd$>A>]g F5 ]<. F$X.Wd]>FC KWF$A.BO >B>AW
W.BW@X <FA, ]W`. 5FW F]<.W F$X.Wd$>A>]g ,.6C>]>FCX A>@. ]<. FC. :>d.C >C 'IDI( e<>)< A>@.e>X.
)A>B ]<] ]<. `]FB]FC X]]. X<F`A, $. `CB$>:`F`XAg ,.].WB>C.,O
<. ,>:CFX>X F5 ,>X)W.].=.d.C] XgX].BX eX ]<. X`$?.)] F5 FCAg  5.e KK.WX >C ]<. KX]O C
]<. W.5.W.C).X '[(+ '_ii( C, '___( ]<. ,>:CFX]>) KWF$A.B eX X.] `K 5FW .]W> C.]X e<.W.X
>C 'I_2(+ 'I7Z( C, '_Ii( CFC=,.].WB>C>X]>) FW X]F)<X]>) `]FB] <d. $..C )FCX>,.W.,O
FC,>]>FCX FC ]<. `]FB]FC `C,.W e<>)< ]<. 5`A] )C $. `C>Q`.Ag ,.].WB>C., <d. $..C
,.W>d., >C 'I_2( C, '_Ii(O .5.W.C). '_ii( F`]A>C., ]<. )FCC.)]>FCX $.]e..C ,>X)W.].=.d.C]
BF,.AX C, AF:>)A ,.X)W>K]>FCX+ e<>)< FK.CX ]<. eg ]F KKAg ,>:CFX]>) B.]<F,X .A$FW].,
>C ]<. 6.A, F5 W]>6)>A >C].AA>:.C). ]F ,>X)W.].=.d.C] XgX].BX L5FW X`Wd.g )5O '2[( FW 'I^D(MO
Fe.d.W+ BFX] F5 ]<. ,>:CFX]>) B.]<F,X ,.d.AFK., >C W]>6)>A >C].AA>:.C). )C FCAg $. `X.,
5FW X]]>) XgX].B ,.X)W>K]>FCX+ e<.W.X ]<. B.]<F,X ]<] <d. $..C ,.d.AFK., <.W. AAFe ]F
,>:CFX. ,gCB>)A XgX].BX 5W 5WFB ]<.>W .Q`>A>$W>`B X]].O
X., FC A:FW>]<B 2O^ 5FW ]<. ,>:CFX>X F5 X]F)<X]>) `]FB]+  XK.)>6) X.CXFW C,
)]`]FW X`K.Wd>X>FC XgX].B <X $..C ,.d.AFK., >C 'I7D(O
<. >XX`. F5 )FBKA.f>]g W.,`)]>FC F5 ]<. ,>:CFX>X F5 `]FB] <X $..C )FCX>,.W., >C
'I97(O <. $X>) >,. eX ]F A`BK `CF$X.Wd$A. X]].X F5 ]<. BF,.A ]F:.]<.W $.)`X. ,`W>C:
]<. BFd.B.C] >C X`)< X.]X F5 X]].X ]<. F$X.Wd]>FC FW ,>:CFX]>) A:FW>]<B ,F.X CF] :>C Cg
,,>]>FCA >C5FWB]>FC $F`] ]<. XgX].BO ] <X $..C X<FeC ]<] ]<>X B.]<F, F5 )FBKA.f>]g
W.,`)]>FC )C $. KKA>., 5FW CFC=,.].WB>C>X]>) `]FB]O Fe.d.W+ 5FW X]F)<X]>) `]FB]
]<. )FBKA.f>]g W.,`)]>FC $W>C:X $F`] $>X., ,>:CFX]>) W.X`A]XO
<. W.X`A]X W.KFW]., >C .)]>FC 2OZ <d. $..C ,.d.AFK., >C 'I7Z(O AA KWFF5X F5 ]<. W.X`A]X
:>d.C <.W. )C $. 5F`C, >C ]<>X W.5.W.C).O
<. .f].CX>FC F5 ]<. ,>:CFX]>) B.]<F, ]F W.BF]. ,>:CFX>X+ e<.W. ,] AFXX >C ]<. C.]eFW@
<X ]F $. ]FA.W].,+ >X ,.X)W>$., >C '[2( C, '[D(O
f.W)>X.X 2O^ W. ]@.C 5WFB 'I99(O

 

 ##  "(" %


 !( %# #+#%#


, *( (0(*( ' ! * ,!,(-' (0(*( .!( ( (!'   *,
*!' ( (  ! 0  (( *'!, $, *('( ** "'!, (0!
(** !' - * ($, (#   $, *( (0(*( -  ('*- *
-!,'# ( "*' (!.( !. $, *( (0(*(   '"'( *
0 (*!(* ,*!*   !. (** !('-*!   !(*   ! *'!
"'!(   (!-# '(*  (*!(* ,*!*! ( (* ," (! ( *!
'"'( * * ('*- * -!,' ! * $, *( (0(* !"*0#
!  * -  0((   ( "'!( ' (!- !' * ,*!
*! 0  ( ! * *!( ** -  -!"  "*' #

'+) &1-(41!(& 1( ,4&1!. .8.1%.


06262 @38A*9*1/ 1" (D8* 9D9=.9

5( @L($('7<4 $5@R(LM 5X( $><M7'(L(' (7R5(L $><R7<U>UM6XL7:( M[MR(;M& Y57$5


5X( L(:6X:U(' M74<:M <' $< ( '(M$L7(' [ '7//(L(<R7: >L '7//(L(<$( (EU6
R7><M& >L '7M$L(R(6(X(<R M[MR(;M& Y57$5 5X( M74<:M Y7R5 M[;>:7$ X:U(M <' $<
( '(M$L7(' [ UR>;R& (RL7 <(RM >L M7;7:L ;>'(:MD 57M $5@R(L 7M '(X>R(' R> <
7;@>LR<R $:MM >/ M[MR(;M& 7< Y57$5 >R5 $><R7<U>UM <' '7M$L(R( @5(<>;(< 5X(
R> ( R9(< 7<R> $$>U<RD U$5 M[MR(;M L( $::(' &F8( 9F9>,9D
5( ;7ZRUL( >/ '7M$L(R( <' $><R7<U>UM M74<:M <' '7M$L(R( <' $><R7<U>UM />L;M
>/ R5( ;>'(:M UM(' 7M R[@7$: />L MU@(LX7M>L[ $><RL>: RM9M <' @:  @LR7$U:L L>:(
7< '74<>M7M <' /U:R6R>:(L<R $><RL>:D (X(LR5(:(MM& 5[L7' M[MR(;M 5X( RRL$R('
MUMR<R7: 7<R(L(MR ><:[ 'UL7<4 R5( :MR R(< [(LM <' ><:[ @L(:7;7<L[ L(MU:RM L(
X7::( />L R5(7L MU@(LX7M7>< <' $><RL>:D
992 DO >:CFX>X C, W.)FC6:`W]>FC F5 Q`C]>X., XgX].BX

   

   

   

            
 
   
  

 
     
   

       

+ %+'+ `C]>X., XgX].B

=8@=@8 1" 7@/=*9 9D9=.96 5( ;7< @L>:(;M 7< '(:7<4 Y7R5 5[L7' M[M6
R(;M L(MU:R /L>; R5( '7//(L(<R L<4(M >/ R5( M74<:MD 5(M( @L>:(;M L( 7<X(MR74R('
7< R57M $5@R(L />L EU<R7M(' M[MR(;M '(@7$R(' 7< 74D =D?D 5( L(:R7>< (RY((< R5(
'7//(L(<R M74<: L<4(M L( L(@L(M(<R(' [ EU<R7M(LM <' 7<8($R>LMD 5( 6A->(98
RL<M/>L;M  L(:6X:U(' M74<: 7<R>  M(EU(<$( >/ M[;>:M& Y5(L( R5( L(:6X:U('
M74<: >L M74<: X($R>L 7M '(<>R(' [  :>Y(L6$M( :(RR(L :79( 6 >L Y <' R5( $>L6
L(M@><'7<4 EU<R7M(' M74<:M [
6 >L
Y & L(M@($R7X(:[D /& 7< R5( M7;@:(MR $M(&
R5( EU<R7M(L '($7'(M R> Y57$5 L(: 7<R(LX: >/  47X(< M(R >/ 7<R(LX:M R5( $ULL(<R
X:U( Y$P% (:><4M& R5( X:U( >/ R5( EU<R7M(' M74<:
Y$P% R R5( R7;( 7<MR<R P 7M
R5( <U;(L >/ R5( $>LL(M@><'7<4 7<R(LX:D 57M 7<R(LX: $< ( MM>$7R(' Y7R5 M[;6
>:7$ <;(M :79( H<>L;:I& H5745I >L H:>YI& Y57$5 47X(  M(;<R7$ M74<: X:U(D M
:><4 M R5( M74<: '>(M <>R :(X(  47X(< 7<R(LX:& R5( EU<R7M(' X:U( L(;7<M R5(
M;(D (<$(&  $><R7<U>UM $5<4( >/ Y$P% 7M RL<M/>L;(' 7<R>  M(EU(<$( >/ '7M6
$L(R( $5<4(M >/
Y$P% & Y57$5 M5>YM R5R R5( EU<R7M(L $< ( UM(' M < 7<R(L/$(
(RY((< L(:6X:U(' <' M[;>:7$ M74<:MD
5( (-)>/8 $LL7(M >UR R5( 7<X(LM( ;@@7<4D RM 7<@UR 7M  M[;>:7$ M74<: :79(

% & Y57$5 7M MM>$7R(' Y7R5  L(:6X:U(' M74<: %D < (Z;@:( 7M 47X(< 7< 74D =D?&
Y5(L( R5( 7<8($R>L MM>$7R(M R>  M[;>:7$ /U:R
% R5( L(:6X:U(' /U:R 7<@UR %D
5( L(:R7>< (RY((<
% <' % $< ( (7R5(L '(R(L;7<7MR7$ Y5(L( (X(L[ M[;>:7$
X:U( 7M MM>$7R(' Y7R5  U<7EU( L(: X:U( >L <><6'(R(L;7<7MR7$ Y5(L( R5( MM>$76
R(' L(: X:U( 7M L<'>;:[ M(:($R(' /L>;  47X(< M(R >/ M74<: X:U(M >L ;[ XL[
Y7R57< R57M M(R M :><4 M R5( M[;>:7$ X:U( '>(M <>R $5<4(D < <[ $M(& R5( 7<8($6
R>L 7M R5( 7<R(L/$( /L>; M[;>:7$ R> L(:6X:U(' M74<:MD

91/9 "18 */=81@*/' 7@/=*989 / */+=1896 5( EU(MR7>< Y5[ EU<R7M(LM
>L 7<8($R>LM >$$UL 7< R5( M[MR(; 5M ;<[ <MY(LM%
% 9@8./= @/8=*/=*9 <[ @5[M7$: EU<R7R7(M $<<>R ( @L($7M(:[ ;(6
MUL(' M& />L (Z;@:(& R5( 7>;MM $><$(<RLR7>< 7< 7>L($R>LM& MUMR<$( $><6
$(<RLR7><M 7< R5( :7EU7' >L R5( 4M(>UM @5M(& R5( R(;@(LRUL( 7< $(;(<R 97:<M >L
DOI C]WF,`)]>FC ]F Q`C]>X., XgX].BX 99D

:MR /UL<$(MD 5(<& EU<R7M(LM L( 7<RL>'U$(' M  L(@L(M(<RR7>< >/ M[MR(;R7$


;(MUL(;(<R (LL>LMD

% -8.9 5( <>L;: (5X7>UL >/ 7<'UMRL7: @:<RM 7M M74<::(' [ ;(<M >/
:L; ;(MM4(M& Y57$5 L(@L(M(<R EU<R7M(' M74<: X:U(MD

% *98= =@=189 <[ 7<'UMRL7: $RUR>LM $< ><:[ ( MY7R$5(' ;><4  M(R
>/ '7M$L(R( X:U(M LR5(L R5< ( XL7(' $><R7<U>UM:[D >L (Z;@:(& 4M UL<(LM
L( UM(' 7< < ><Q>// ;>'(D 57M /$R <($(MM7RR(M R5( 7<RL>'U$R7>< >/ < 7<8($R>L
R5R RL<M/>L;M '7M$L(R( X:U(M
T 7<R> R5( MM>$7R(' L(: 7<@UR X:U(M TD

% *98= 1/=81- <[ 7<'UMRL7: @L>$(MM(M L( $><RL>::(' [ @L>4L;;:(


:>47$ $><RL>::(LM& Y57$5 L($R >< EU<R7M(' ;(MUL(;(<RM [ @L(M$L77<4 '7M$L(R(
7<@UR X:U(MD >L (Z;@:(& R5( $><RL>::(L >/ < (:(XR>L '>(M <>R 9<>Y R5( :7/R
@>M7R7>< @L($7M(:[& UR 5M ><:[ R5( 7</>L;R7>< (RY((< >L R Y57$5 2>>L R5( :7/R
$ULL(<R:[ 7MD

% B*=(*/' 9D9=. D/.*9 5( M[MR(; '[<;7$M MY7R$5(M 7/ R5( 7<@UR >L MRR(
(Z$(('M $(LR7< >U<'MD < (Z;@:( 7M 47X(< [ R5( R<9 M[MR(; '(M$L7(' 7<
($R7>< ?]D? Y5(L( R5( '[<;7$: @L>@(LR7(M '(@(<' >< Y5(R5(L R5( :7EU7' :(X(:M
L( >X( >L (:>Y R5( 5(745R >/ R5( $><<($R7<4 @7@(MD $$>L'7<4 R> R57M EU<R76
MR7>< >/ R5( :(X(:M 3 <' 3. R5( (EUR7><M 47X(< >< @4( 1]P L( X:7' 7< ><(
>/ R5( />UL @>MM7:( $><04ULR7><M >/ (Z7MR7<4 >L <><(Z7MR7<4 2>YM R5L>U45 R5(
U@@(L X:X(MD (L(& M74<: EU<R7MR7>< >$$UL 7<R(L<::[ 7< R5( M[MR(;D / L>U45R
7<R> R5( 5[L7' M[MR(; MRLU$RUL( '(@7$R(' 7< 74D SDP& R5( '7M$L(R(6(X(<R @LR >/ R5(
R<9 ;>'(: MY7R$5(M R5( $><R7<U>UM ;>'(: ;><4 R5( />UL '7//(L(<R (EUR7><MD
5(M( L4U;(<RM M5>Y R5R EU<R7M(' M[MR(;M >$$UL <RUL::[ 7< R5( (<47<((L7<4
@L$R7$(D >Y(X(L& 7< ''7R7>< R> R5( M7RUR7><M '(M$L7(' >X(& 7<8($R>LM >L EU<6
R7M(LM ;[ ( '(:7(LR(:[ 7<RL>'U$(' />L R5( />::>Y7<4 L(M><M%
% /*"18.*=D 1" =( 9D9=. 98*3=*1/ 5( ;7ZRUL( >/ '7//(L(<R7: (EUR7><M />L
R5( $><R7<U>UM6XL7:( @LR <' UR>;R />L R5( '7M$L(R(6(X(<R @LR ;9(M R5(
;>'(: >/ 5[L7' M[MR(;M X(L[ $>;@:(ZD 5(L(/>L(& 7R 7M L(M><:( R> '(: Y7R5
:: M74<:M U<7/>L;:[ M '7M$L(R(6X:U(' M74<:M [ 7<RL>'U$7<4 ''7R7><: 7<8($6
R>LM <' EU<R7M(LMD 5( $><M7'(L:( M7;@:70$R7>< >/ >M(LXR7>< <' '74<>MR7$
@L>:(; 'U( R> R57M U<7/>L;7R[ >/ R5( M74<:M Y7:: ($>;( >X7>UM 7< ($R7><M =D1
<' =DPD

% /"18.=*1/ 8@=*1/ / R5( $><RL>: 7; $><$(L<M  4:>: MM(MM;(<R >/ R5(
M[MR(; (5X7>UL& 7R 7M L(M><:( R> UM( ;>'(:M R5R 5X( '7L($R L(/(L(<$( R>
R5(M( MM(MM;(<RMD < R5( '74<>MR7$ @L>:(; $><M7'(L(' 7< ($R7>< =DP R5( /U:RM
>$$ULL7<4 7< R5( M[MR(; $5<4(M R5( (5X7>UL EU:7RR7X(:[D 5(L(/>L(& EU<R7M('
7</>L;R7>< >UR R5( M[MR(; (5X7>UL 7M MU/0$7(<R R> 7'(<R7/[ R5( /U:RD
97i DO >:CFX>X C, W.)FC6:`W]>FC F5 Q`C]>X., XgX].BX

% "8/ =1 (@8*9=* .1-9 5( (Z@(L7(<$( >/ 5U;< >@(LR>LM L(/(LM R> MU6
M(RM >/ R5( M74<: M@$( LR5(L R5< R> M@($70$ M74<: X:U(MD (<$(& R57M 9<>Y:6
('4( $><M7'(LM $><R7<U>UM6XL7:( M[MR(;M M M[MR(;M Y7R5 EU<R7M(' M74<:
M@$(MD

@/=*9 9D9=.9 */ "@-=)=1-8/= 1/=81-6 >L M[MR(;M MU8($R R> /U:RM < '6
'7R7><: ;>R7XR7>< $>;(M /L>; R5( /$R R5R /U:RM L(& 7< 4(<(L:& EU<R7M(' @5(6
<>;(<D X7>UM (Z;@:(M >/ /U:RM $><$(L< L>9(< Y7L(M&  :(94( 7<  @7@(& >L 
X:X( R5R 7M MRU$9 >@(< >L $:>M('D >Y(X(L& (X(< 7/ R5( /U:R $><$(L<M  $5<4( >/
M>;( @L;(R(L& R5( $><RL>::(' M[MR(; Y7:: M5>Y < <>L;: (5X7>UL ><:[ 7/ R5(
@L;(R(L $5<4( 7M :L4( (<>U45 <' $<<>R ( $>;@(<MR(' [ R5( $><RL>: :>>@M
7<MR::('D (<$(& :M> 7< R57M $M(  EU<R7MR7>< >/ R5( @L;(R(L $5<4(M 7<R> /U:R[
<' <><6/U:R[ ><(M 7M L(M><:(D
< 74D =D? R5( /U:R 7M& R5(L(/>L(& '(M$L7(' [ 7RM EU:7RR7X( X:U(
% & Y57$5 7M
RL<M/>L;(' 7<R> R5( $RU: L(:6X:U(' /U:R @L;(R(L >L /U:R M74<: [ < 7<8($R>LD
74<>M7M 5M ><:[ R> 0<' R5( EU:7RR7X( X:U(
% LR5(L R5< R5( L(: X:U( %D
>;@L(' Y7R5 R5( '74<>M7M >/ '7M$L(R(6(X(<R M[MR(;M 7<X(MR74R(' 7< 5@R(L +
R5( EU:7RR7X( X:U(
%$7+ % >/ R5( /U:R $>LL(M@><'M R>  M[;>:7$ /U:R / $7+ % R5R
>$$ULM R R5( 47X(< R7;( 7+ D 5(L(/>L(& 7< R5( />::>Y7<4& R5( EU:7RR7X( /U:R
% Y7::
:R(L<R7X(:[ ( '(<>R(' [ R5( /U:R M[;>: / D
< MU;;L[& 7< ;<[ @L$R7$: M7RUR7><M R5( L(:(X<R 7</>L;R7>< UM(' 7< MU@(L6
X7M>L[ $><RL>: 7M 7<$:U'(' 7< R5( EU<R7M(' M74<:D 5( 7<RL>'U$R7>< >/ R5( 7<8($R>LM
<' R5( EU<R7M(LM 7;M R L('U$7<4 R5( 7</>L;R7>< <'& 7< R57M Y[& R M7;@:7/[7<4
R5( $><RL>: RM9D R />::>YM R5( 4U7'(:7<(%

<[ @L>$(MM MU@(LX7M7>< RM9M $< ( M>:X(' Y7R5 L(M><:( (//>LR ><:[ 7/ M
;U$5 7</>L;R7>< >UR R5( M[MR(; M @>MM7:( 7M 74<>L('D

/  ;>L( 4:>: 7</>L;R7>< >UR R5( M[MR(; 7M MU/0$7(<R R> M>:X(  47X(< RM9&
R5(< R57M 4:>: 7</>L;R7>< M5>U:' ( UM(' LR5(L R5< R5( ;>L( '(R7:(' ><(D < R5(
EU<R7M(' M[MR(; @@L>$5 R5( L(M>:UR7>< >/ R5( 7<8($R>L <' R5( EU<R7M(L $< (
UM(' R> '@R R5( H4L<U:L7R[I >/ R5( 7</>L;R7>< UM(' [ R5( MU@(LX7M>L R> R5( RM9
R> ( M>:X('D

0626? ( 7@/=*9 9D9=. 3381( =1 9@38A*918D 1/=81-

 EU<R7M(' M[MR(; L(@L(M(<RM  '[<;7$: M[MR(; Y7R5 L(:6X:U(' M74<:M R5R $<
><:[ ( ;(MUL(' R5L>U45 EU<R7M(LM A74 =D?BD <MR(' >/ R5( L(:6X:U(' 7<@UR 6$7%
<' >UR@UR :$7% ><:[ R5( EU<R7M(' M74<: X:U(M
6$7% <'
:$7% L( X7::(D ::
RM9M R5R Y7:: ( $><M7'(L(' 7< R57M $5@R(L M5>U:' ( M>:X(' [ UM7<4 R5( EU<R7M('
M74<:M ><:[D
7R5 L(M@($R R> R5( 4(<(L: 5[L7' M[MR(; M5>Y< 7< 74D SDP& R5( '7M$L(R(6(X(<R
MUM[MR(; 7M ;7MM7<4 5(L(D 57M M7;@:70$R7>< 7M ;'( 7< >L'(L R> (;@5M7M( R5(
DOI C]WF,`)]>FC ]F Q`C]>X., XgX].BX 97I

;7< @L>:(;M R5R >$$UL 7< R5( M7RUR7>< R5R  $><R7<U>UM6XL7:( M[MR(; 5M R> (
MU@(LX7M(' [ UM7<4 M[;>:7$ 7</>L;R7>< ><:[D R Y7:: ( M5>Y< R5R R5( EU<R7M('
M[MR(; $< ( '(M$L7(' [  '7M$L(R(6(X(<R ;>'(:& Y57$5 7<$:U'(M R5( $><R7<U>UM6
XL7:( MUM[MR(; R>4(R5(L Y7R5 R5( EU<R7M(LM <' 7<8($R>LD 5(L(/>L(& R5( (ZR(<6
M7>< R> 5[L7' M[MR(;M $< >X7>UM:[ ( ;'( [ $>;7<7<4 R57M '7M$L(R(6(X(<R
;>'(: >/ R5( EU<R7M(' M[MR(; Y7R5 R5( ;>'(: >/ R5( '7M$L(R( MUM[MR(;D
5( Y[ 5>Y @L>$(MM MU@(LX7M7>< RM9M $< ( M>:X(' />L EU<R7M(' M[MR(;M Y7::
( (Z@:7<(' 7< R57M $5@R(L [ $><M7'(L7<4 RY> 7;@>LR<R @L>:(;M% R5( >M(LX6
R7>< >/ R5( EU<R7M(' MRR( >/ R5( M[MR(; <' R5( '74<>M7M >/ /U:RMD 5( />::>Y7<4
@L(M(<RM R5( @L>:(;M R> ( M>:X(' R>4(R5(L Y7R5  L7(/ >UR:7<( >/ R5( Y[ >/ M>:U6
R7><& Y57$5 Y7:: ( (Z@:7<(' 7< ($R7><M =D1 <' =DPD 5( EU<R7M(' M[MR(;M $><6
M7'(L(' 5(L( L( '7M$L(R(6R7;( M[MR(;M Y5(L( R5( R7;( 7 L(/(LM R> R5( 76R5 M;@:7<4
R7;(D

== 198A=*1/6 RR( >M(LXR7>< $><$(L<M R5( @L>:(; >/ '(R(L;7<7<4 R5( 7<6
R(L<: MRR( >/  '[<;7$: M[MR(; /L>; R5( 7<@UR <' >UR@UR ;(MUL(;(<RMD >L
$><R7<U>UM6XL7:( M[MR(;M R5( ;7< 7'( 7M R> UM(   >M(LX(L R5R
'(R(L;7<(M < @@L>Z7;R7>< 9 >/ R5( $><R7<U>UM MRR( 9D >Y(X(L& R5( @@:7$6
R7>< >/ R5(M( L(MU:RM 7M @>MM7:( ><:[ 7/ R5( M[MR(;M 7<@UR <' >UR@UR L( ;(MUL('
EU<R7RR7X(:[ <' 7/ R5( ;>'(: 5M R5( />L; >/ '7//(L(<R7: >L '7//(L(<$( (EUR7><MD
>L R5( EU<R7M(' M[MR(;& ><:[ M[;>:7$ 7<@UR <' >UR@UR 7</>L;R7>< 7M X7::(&
UR  M7;7:L MRR( >M(LXR7>< @L>:(; $< ( @>M('D 5( ;(MUL(;(<R 7</>L;R7><
[7(:' R5( M(EU(<$( >/ EU<R7M(' 7<@UR X:U(M

 $4 EEE 7+ %  $
6$4% ( EEE(
6$7+ % %
<' R5( M(EU(<$( >/ EU<R7M(' >UR@UR X:U(M

 $4 EEE 7+ %  $
:$4% ( EEE(
:$7+ % %E
U( R> R5( ;>L( MRL$R ;(MUL(;(<R 7</>L;R7>< R5( RM9 7M R> L($><MRLU$R R5(
EU:7RR7X( MRR(
9 LR5(L R5< R5( L(:6X:U(' MRR( 9D 5( >M(LXR7>< @L>:(; $<
( MRR(' M />::>YM%
81-. 062 498A=*1/ 381-. "18 7@/=*9 9D9=.95
*A/ 6A- / 6A->(9 (-2A> C+A95
6A- / 6A->(9 /A>2A> C+A95
/+ / >& 6A->(9 9F9>,5
*/ A88-> 6A+(>>(C 9>>
9$7+ % 5

5( :4>L7R5; @L(M(<R(' 7< ($R7>< =D1 (MR7;R(M R5( @L>7:7R[


)! $
9$7+ % !
 $4 EEE 7+ % (
 $4 EEE 7+ % %
R5R R5( EU:7RR7X( MRR( 5M R5( X:U(
9$7+ % U<'(L R5( $><'7R7>< R5R R5( 47X(<
7<@UR <' >UR@UR M(EU(<$(M >$$ULL('D 5( $ULL(<R EU:7RR7X( MRR( (:><4M R> R5( M(R
 $7+ ! 7+ %  #
9$7+ %  )! $
9$7+ % !
 $4 EEE 7+ % (
 $4 EEE 7+ % % 2 4$ ( A=D?B
97_ DO >:CFX>X C, W.)FC6:`W]>FC F5 Q`C]>X., XgX].BX

                  
    

           


   
   

        
            
             


   
+ %+2+ ]]. F$X.Wd]>FC F5 Q`C]>X., XgX].BX

Y5(L( R5( <>RR7><  $7+ ! 7+ % ;(<M R5R R5( MRR( R R7;( 7+ 7M L($><MRLU$R(' />L
47X(< EU:7RR7X( 7<@UR <' >UR@UR M(EU(<$(M U@ R> R7;( 7+ D


   

    

   

                  
!  

           


   
   

        
        !    
             


   
+ %+1+ >:CFX>X F5 Q`C]>X., XgX].BX

8199 *'/19*96 5( '74<>MR7$ RM9 />L EU<R7M(' M[MR(;M $><$(L<M R5( @L>:(;
>/ 0<'7<4 R5( M[;>:7$ /U:R X:U( / /L>; R5( EU<R7M(' ;(MUL(;(<R M(EU(<$(M%
DO_ `C]>X., XgX].BX 97^

81-. 06? 4*'/19=* 381-. "18 7@/=*9 9D9=.95


*A/ 6A- / 6A->(9 (-2A> C+A95
6A- / 6A->(9 /A>2A> C+A95
/+ / >& 6A->(9 9F9>,5
*/ A+> / $7+ % 
%$7+ % 5

5( :4>L7R5; @L(M(<R(' 7< ($R7>< =DP (MR7;R(M R5( @L>7:7R[


)! $/ $7+ % !
 $4 EEE 7+ % (
 $4 EEE 7+ % %
R5R  /U:R / $7+ % 
%$7+ % 5M >$$ULL(' @L>X7'(' R5R R5( EU<R7M(' M[MR(; Y7R5
EU:7RR7X( 7<@UR M(EU(<$(
 $4 EEE 7+ % 5M @L>'U$(' R5( EU:7RR7X( >UR@UR M(EU(<$(

 $4 EEE 7+ % D < ><6:7<( @@:7$R7><M& R57M RM9 7M M>:X(' />L 7<$L(M7<4 R7;( 5>L7\><
7+  "( 1( EEE <' :('M R> R5( M(R
 $7+ ! 7+ %  #/ $7+ %  )! $/ $7+ % !
 $4 EEE 7+ % (
 $4 EEE 7+ % % 2 4$ A=DTB
>/ /U:R $<'7'R(MD

'+3 4&1!. .8.1%.

06?62 1/=*/@1@9)A8*- 9D9=.

5( $>L( >/  EU<R7M(' M[MR(; 7M R5( $><R7<U>UM6XL7:( '7M$L(R(6R7;( M[MR(;


9$7'"%  )$9$7%( 6$7%%( 9$4% ) 2 A=DSB
:$7%  +$9$7%( 6$7%% A=D3B
Y7R5 7<@UR X($R>L 6 ) 2 & >UR@UR X($R>L : ) ? <' R5( X($R>L >/ R5( 7<R(L<:
MRR( 9 ) 4 D 2 < 4 7M R5( M(R >/ 7<7R7: MRR(M R5R R5( M[MR(; $< MMU;(D /
9$4% 7M 9<>Y<& R57M M(R 7M  M7<4:(R><D >Y(X(L& M R5( MRR( 9 7M <>R ;(MUL:(&  2
7M UMU::[  MUM(R >/ R5( MRR( M@$( 4 D
R 7M MMU;(' R5R />L <[ 7<7R7: MRR( 9$4% ) 2 <' 7<@UR M(EU(<$(
 $4 EEE 7+ %  $6$4%( 6$"%( EEE( 6$7+ %%
EMD A=DSB& A=D3B 4(<(LR(  U<7EU( MRR( <'  U<7EU( >UR@UR M(EU(<$(
$4 EEE 7+ %  $9$4%( 9$"%( EEE( 9$7+ %%
 $4 EEE 7+ %  $:$4%( :$"%( EEE( :$7+ %%(
Y57$5 L( $><M7'(L(' >X(L R5( R7;( 7<R(LX:
4( 7+ D
/ R5( M[MR(; 7M :7<(L& EMD A=DSB& A=D3B 5X( R5( />L;
9$7'"%  9$7% ' 6$7%( 9$4% ) 2 A=D1B
:$7%  9$7% ' 6$7% A=DPB
979 DO >:CFX>X C, W.)FC6:`W]>FC F5 Q`C]>X., XgX].BX

Y7R5 ;RL7$(M & &  <'  >/ @@L>@L7R( '7;(<M7><MD 5(<& (Z@:7$7R M>:UR7><M
L( 9<>Y<%
.
3
9$7%  . 9$4% ' . ,
6$4%
,2
.
3
:$7%  . 9$4% ' . ,
6$4% ' 6$7%E
,2

U:RM >$$ULL7<4 7< R5( M[MR(; L( '(M$L7(' [ < ''7R7><: 7<@UR M74<: %$7% )
8 & Y57$5 />L R5( R7;( 5>L7\>< 7+ 7M 47X(< [ R5( M(EU(<$(
$4 EEE 7+ %  $%$4%( %$"%( EEE( %$7+ %% E
$$>L'7<4:[& R5( MRR(6M@$( ;>'(: 5M R> ( (ZR(<'(' R> ($>;(
9$7'"%  )$9$7%( 6$7%( %$7%%( 9$4% ) 2 A=DOB
:$7%  +$9$7%( 6$7%( %$7%% E A=D+B
>L <[ 47X(< 7<@UR <' /U:R M(EU(<$(M  <'  R57M M[MR(; 7M MMU;(' R> 4(<(LR(
U<7EU( MRR( <' >UR@UR M(EU(<$(M  <'  D

06?6? @/=*9=*1/ 1" =( 9*'/- 939

5( $><R7<U>UM6XL7:( M[MR(; 7M $><M7'(L(' 7< EU<R7M(' M74<: M@$(MD 5( 6A-'
>(989 7<RL>'U$( @LR7R7><M >/ R5( M74<: M@$(M 2 <' ? 7<R>  0<7R( <U;(L
>/ '7M8>7<R M(RM H $@% $@ ) H  #4( "( EEE(  $% <' L $B% $B ) L 
#4( "( EEE( $%& Y5(L( H $@% >L L $B% '(<>R( R5( M(R >/ 7<@UR X:U(M 6 >L >UR6
@UR X:U(M : Y7R5 R5( M;( EU<R7M(' X:U(M @ >L BD 5( ;@@7<4 7<X>9(' [ R5(
EU<R7M(L 7M M[;>:7M(' [
8 %

6  @  6 ) H $@% A=D=B

:  B  : ) L $B%E A=D?]B
5( <U;(LM @ >L B L( $::(' R5( EU<R7M(' X:U(M >L R5( 6A+(>>(C C+A9 >/
R5( 7<@UR >L >UR@UR& L(M@($R7X(:[& <'
6 >L
: R5( 6A+(>>(C (-2A> >L 6A+(>>(C
/A>2A>D
5( M(RM H $@% $@ 6 4% <' L $B% $B 6 4% L( MMU;(' R> ( >U<'(' Y57:(
H $4% <' L $4% L( R5( U<>U<'(' HL(;7<7<4I MUM(RM >/ 2 >L ? & L(M@($6
R7X(:[D
>L '7M$L(R( 7<@UR >L >UR@UR& R5( EU<R7MR7>< 7M (EU7X:(<R R> R5( (<U;(LR7>< >/
R5( '7M$L(R( M74<: X:U(MD >L R5( R<9 M[MR(; 7<RL>'U$(' 7< ($R7>< TD? R5( 7<@UR
 AM$ % 5M RY> X:U(M& Y57$5 L( '(<>R(' [ ? <' ]%
 AM$ % ) #4( "$D
< >L'(L R> 4(R  $><$7M( ;>'(: >/ R5( EU<R7M(' M[MR(;& 7R 7M L(M><:( R> 7<6
RL>'U$(  EU<R7MR7>< >/ R5( MRR( M@$( 4 7<R> R5( @LR7R7><M K $[% $[ ) K 
#4( "( EEE(  $B Y7R5

9  [  9 ) K $[%E
DO_ `C]>X., XgX].BX 977

5( <U;(L [ >/ R5( @LR7R7>< K $[% R> Y57$5 R5( $ULL(<R MRR( 9 (:><4M 7M $::('
R5( 6A+(>>(C 9>> A:R5>U45 7R 7M& ;>L( @L($7M(:[& R5( EU:7RR7X( X:U( >/ R5( MRR(BD

ç²Ë
… ͈™Í“

É n ›
Ö

ç²Ö
{ x Ë
ç²¥
¥ Ö Ñ
ç
ç ç²Ö … ͈™Í“ ç²{ ç²Ë
¥
+ %++ W]>]>FC F5  ]eF=,>B.CX>FCA X]]. XK). F5 ]<. ]C@ XgX].B

74UL( =D3 M5>YM < (Z;@:( />L R5( @LR7R7>< >/ R5( RY>6'7;(<M7><: MRR( M@$(
>/ R5( R<9 M[MR(;D 5( 4L([ L(47>< 7<$:U'(M :: MRR(M 9  $3 ( 3. % Y7R5 R5( M;(
EU:7RR7X( X:U(
9  ,D 5( RY>6'7;(<M7><: MRR( M@$( >URM7'( R5( <7<( @LR76
R7><M $><MR7RUR(M R5( U<>U<'(' @LR7R7>< K $4%D
 $><M(EU(<$( >/ R5( 7<RL>'U$R7>< >/ R5( EU<R7M(L 7M R5( /$R R5R <> '7MR7<$R7><
$< ( ;'( (RY((< '7//(L(<R 7<@UR& MRR( <' >UR@UR X:U(M R5R (:><4 R> R5( M;(
L(47>< H $@%& K $[% >L L $B%D < < @@:7$R7><& R5( L(47><M 5X( R> ( $5>M(<
7< MU$5  Y[ R5R 7R '>(M <>R ;RR(L />L R5( M>:UR7>< >/ R5( @L>$(MM MU@(LX7M7><
RM9 Y57$5 L(:6X:U(' 7<@UR& MRR( >L >UR@UR >/  47X(< L(47>< L(::[ >$$ULMD 5(
7<@UR >L >UR@UR EU<R7MR7>< ;[ ( 47X(< [ @L$R7$: $7L$U;MR<$(M& />L (Z;@:(&
[ R5( M(<M>L :>$R7><MD 5( MRR( EU<R7MR7>< $< UMU::[ ( L7RLL7:[ $5>M(<&
Y57$5 47X(M R5( @>MM77:7R[ R> '@R R57M EU<R7MR7>< R> R5( '[<;7$: @5(<>;(<
R5R >$$UL 7< R5( M[MR(;D

@-= */+=186 5( 7<8($R>L M5>Y< 7< 74D =D? RL<M/>L;M R5( EU:7RR7X( /U:R X:U(

% 7<R>  L(:6X:U(' M74<: %D 57M RL<M/>L;R7>< $< ( $><M7'(L(' M R5( 7<X(LM(


>@(LR7>< >/ EU<R7MR7><D X(L[ EU:7RR7X( X:U( / 
% 7M MM>$7R(' Y7R5  @L6
R7R7>< $ >/ R5( M74<: M@$( 8 >/ R5( /U:R M74<: %D M ><:[ R5( EU:7RR7X( /U:R
X:U( / 7M MMU;(' R> ( 9<>Y<& R5( /U:R M74<: % 7M ><:[ 9<>Y< R> (:><4 R> R5(
@LR7R7>< $ $/ %%

%  /  % ) $ $/ %E
< R5( (Z;@:( $><M7'(L(' 7< R5( />::>Y7<4 M($R7>< R5( :(94( 7<  R<9 7M '(6
M$L7(' [ R5( 2>Y $><MR<R &. >/  5>:( Y57$5 7M @LR7R7><(' 7<R> RY> 7<R(LX:MD
5( 0LMR 7<X(LX: L(@L(M(<RM  X(L[ M;:: :(94( R5R 7M $><M7'(L(' M <(4:747:(
A/U:R:(MMB <' R5( M($><' 7<R(LX: $>LL(M@><'M R> R5( /U:RD
97[ DO >:CFX>X C, W.)FC6:`W]>FC F5 Q`C]>X., XgX].BX

     

 
  
    
   
 
       
 

   
 
  

+ %++ eF=]C@ XgX].B e>]< Q`C]>X., A.d.A B.X`W.B.C]

6#(" %+' 2'1#/ 14("1'$ /6/1&


FCX>,.W ]<. ]C@ .fBKA. >C]WF,`)., >C .)]>FC _OI C, XX`B. ]<] ]<. X.CXFWX :>d. FCAg
Q`C]>X., >C5FWB]>FC L>:O DO7MO <] >X+ ]<. X.CXFWX B.W.Ag X>:CA e<.]<.W ]<. A>Q`>, A.d.A >X
$Fd. FW $.AFe ]<.>W KFX>]>FCO <. W.X`A] >X  Q`C]>X., B.X`W.B.C] >C5FWB]>FC 5FW ]<. ]C@
A.d.AX 1 C, 1 C, ]<. F`]8Fe F F5 C@ _O <. Q`C]>X]>FC >C].WdAX W. X`BBW>X., >C
$A. DOIO

" %+' >:CA Q`C]>X]>FC

1
  >5 0  ( 1 7 0A-   -  0
1
 - >5 0A-  ( 1 7 0A   -   )   0
1
 + >5 0A  ( 1 7 0A)     
1
  >5 0  ( 1 7 0A     0
1
 - >5 0A  ( 1 7 0A-      ) +  0
1
 + >5 0A-  ( 1 7 0A)   +  
F
  >5 0 K ( F 7 + K
F
 - >5 + K ( F 7 ) K
F
 + >5 ) K ( F 7 0 K

>]< ]<>X Q`C]>X]>FC+ ]<. >CK`] C, F`]K`] F5 ]<. ]C@ XgX].B <d. ]<. X>:CA dA`.X X`B=
BW>X., >C $A. DO_O <. ]eF Q`C]>X., A.d.A B.X`W.B.C]X 1
C, 1
g>.A, ]<. KW]>]>FC
F5 ]<. F`]K`] XK).O d.Wg W.:>FC 1 ' 1 !
! ' -' AAA'  )FWW.XKFC,X ]F FC. )FB$>C]>FC
F5 Q`C]>X., dA`.X 5FW 1
C, 1
O C ]<. 5FAAFe>C: .>]<.W ]<. Q`C]>X., A.d.A B.X`W.B.C]
1 ' 1 !
FW ]<. Q`C]>X., F`]8Fe F
>X `X., X Q`C]>X., F`]K`]O 7 '
DO_ `C]>X., XgX].BX 97Z

" %+2 `C]>X., >CK`]+ F`]K`] C, 5`A]X F5 ]<. ]C@ XgX].B

gB$FA A`. X.] .C>C:


CK`]X

' - FCC.)]>C: dAd. )AFX., 5FW 
 + FK.C 5FW 
 -
P
' - `BK F55 5FW P
 + CFB>CA d.AF)>]g 5FW P
 -
`]K`]X
1 ' 1
' -' AAA'  `C]>X., A.d.A F5 ]<. ]C@X
F
' -' + `C]>X., F`]8Fe F5 C@ _
`A]
%
' - F A.@:. 5FW %
 + A.@:. 5FW %
 -

06?6> (A*1@8 1" 7@/=*9 9D9=.9

< R5( MU$$(('7<4 7<X(MR74R7><M R5( ;7< 7'(M >/ ;>'(::7<4 EU<R7M(' M[MR(;M <'
>M(LX7<4 R5( EU:7RR7X( MRR( >/ MU$5 M[MR(;M Y7:: ( (Z@:7<(' Y7R5>UR L(/(L(<$(
R> @>MM7:( /U:RMD 5(L(/>L(& R5( /U:R:(MM M[MR(; A=DSB& A=D3B Y7:: ( $><M7'(L('D
5( (5X7>UL >/ R5( EU<R7M(' M[MR(; 7M R5( M(R >/ :: Q @7LM
$
 $4 EEE 7+ % (
 $4 EEE 7+ % %
R5R L( $><M7MR(<R Y7R5 R5( M[MR(; '[<;7$M <' R5( M74<: EU<R7MR7><D M R5(
EU:7RR7X( 7<@UR <' >UR@UR L( $><M7'(L('& R5( (5X7>UL 7M :M> L(/(LL(' R> M R5(
6A+(>>(C &C(/A8 >/ R5( M[MR(; A=DSB& A=D3B%
 $7+ %  #$
 $4 EEE 7+ % (
 $4 EEE 7+ % %  EMD A=DSB& A=D3B 5>:'$E A=D??B
M :: ;(MUL(;(<RM L( EU:7RR7X(& R5( 7<7R7: MRR( >/ R5( M[MR(; 7M $><M7'(L(' ><
R5( EU:7RR7X( :(X(: >/ MRL$R7>< M Y(::D 57M 7M Y5[ :: R5( />::>Y7<4 7<X(MR746
R7><M $><$(L< R5( M(R >/ R5>M( EU:7RR7X( Q @7LM R5R R5( EU<R7M(' M[MR(; $< 4(<6
(LR( />L  6A+(>>(C+F 47X(< 7<7R7: MRR(D / R5( EU:7RR7X( 7<7R7: MRR( [$4% 
9$4%
7M @L($7M(:[ 9<>Y<& 2  K $[$4%% 5>:'MD / R5( EU:7RR7X( 7<7R7: MRR( 7M U<9<>Y<&
R5( M(R 2 7M R5( U<7>< >/ M(X(L: MRR( @LR7R7><M K $[% >L 2  4 5>:'MD
< >L'(L R> 4(R  (RR(L 7;47<R7>< >/ R5( EU:7RR7X( (5X7>UL Q`A <>R( R5R />L
R5( (:(;(<RM >/ R5( Q M(EU(<$(M R5( L(:R7><M

6$7% ) H  #4( "( EEE(  $ A=D?TB

:$7% ) L  #4( "( EEE( $ A=D?SB
<'& 5(<$(&

 $4 EEE 7+ % ) H.$  H 5 H 5 EEE 5 H A=D?3B

 $4 EEE 7+ % ) L.$  L 5 L 5 EEE 5 L A=D?1B
5>:'& Y5(L( R5( LR(M7< @L>'U$RM >< R5( L745R65<' M7'( 7<$:U'( R5( 47X(< M(RM
7+ ' " R7;(MD ><M(EU(<R:[& R5( EU:7RR7X( (5X7>UL 7M  MUM(R >/ R5( LR(M7<
@L>'U$R >/ H.$ <' L.$ %
972 DO >:CFX>X C, W.)FC6:`W]>FC F5 Q`C]>X., XgX].BX

 $7+ % < H.$ 5 L.$ E A=D?PB


5( <U;(L >/ (:(;(<RM >/ R57M @L>'U$R 7M $$ ' "% 8 $ ' "%%.$ D /& />L (Z;6
@:(& ><:[ S EU:7RR7X( 7<@UR <' 3 EU:7RR7X( >UR@UR M74<:M L( $><M7'(L(' <' R5(
R7;( 5>L7\>< 7M 7+  & R57M <U;(L 7M "-4( 444D 5( (5X7>UL  $7+ % M(:($RM
/>L  47X(< R7;( 5>L7\>< 7+ R5>M( (:(;(<RM >UR >/ R57M :L4( M(R& Y57$5 L( $><M7M6
R(<R Y7R5 R5( M[MR(;D >Y :L4( R57M <U;(L >/ (:(;(<RM 7M '(@(<'M >< R5( M[MR(;
@L>@(LR7(MD / R5( M[MR(; Y(L( '(R(L;7<7MR7$ AY57$5 7R 7M 4(<(L::[ <>R M '(M$L7('
(:>YB& 7R Y>U:' 4(<(LR(  U<7EU( >UR@UR M(EU(<$(
 $4 EEE 7+ % />L (X(L[ 47X(< 7<6
@UR M(EU(<$(
 $4 EEE 7+ % <' 7<7R7: MRR(D < R5( 47X(< (Z;@:(& T3S '7//(L(<R 7<@UR
M(EU(<$(M
 $4EEE% (Z7MR& Y57$5 :(' R> R5( M;( <U;(L >/ (:(;(<RM >/  %/ $%
/>L (X(L[ 7<7R7: MRR(D
/ :R(L  /U:R[ M[MR(; 7M $><$(L<('& R5( (5X7>UL 7M L(@L(M(<R(' [ :: RL7@:(M
$
 (
 (
 % R5R L( $><M7MR(<R Y7R5 R5( M[MR(; A=DOB& A=D+B& R5( EU<R7M(LM <'
R5( 7<8($R>LD R 7M 47X(< [
 $7+ % 
#$
 $4 EEE 7+ % (
$4 EEE 7+ % (
 $4 EEE 7+ % %  ED A=DOB& A=D+B 5>:'$E A=D?OB

1/)=8.*/*9. 1" =( 7@-*==*A (A*1@86 < 7;@>LR<R 7MMU( 7M R5( /$R
R5R 7R 7M 7;@>MM7:( R> @L('7$R R5( EU:7RR7X( >UR@UR M(EU(<$( >/  EU<R7M(' M[M6
R(; U<;74U>UM:[ />L 47X(< EU:7RR7X( 7<7R7: MRR( <' EU:7RR7X( 7<@URD 5( M(R
 $7+ % 7<$:U'(M& 7< 4(<(L:& ;>L( R5< ><( (:(;(<R $
 (
 % Y7R5 R5( M;(
EU:7RR7X( 7<@UR M(EU(<$(
 D 5( L(M>< />L R57M 7M 47X(< [ R5( /$R R5R R5( M[M6
R(; A=DSB& A=D3B ;[ MRLR /L>; <[ 7<7R7: MRR( 9$4% Y7R5 R5( 47X(< EU:7RR7X( X:U(
[$4% 
9$4% <' ;[ >R7< <[ 7<@UR M(EU(<$(  Y57$5 7M ><:[ '(M$L7(' [
R5( EU:7RR7X( M(EU(<$(
 D >L R5(M( M(RM >/ 7<7R7: MRR(M <' 7<@UR M(EU(<$(M& R5(
L(MU:R7<4 >UR@UR M(EU(<$(M  [7(:'& 7< 4(<(L:& '7//(L(<R EU:7RR7X( M(EU(<$(M
 D
57M @5(<>;(<>< 7M L(/(LL(' R> M R5( -/-'>8,(-(9, / >& 6A+(>>(C &C(/A8D

ç²Ë
…Ö͈™Í“

ç²Ö

ç²¥

ç
ç ç²Ö …¥Íˆ™Í“ ç²{ ç²Ë

+ %+/+ .]X F5 X]].X W.)<., $g ]<. ]C@ XgX].B 5FW Q`A>]]>d.
>C>]>A X]]. / 0! ! ; (!
DO_ `C]>X., XgX].BX 97D

6#(" %+2 ('"1.&#'#/& ( 1! -2%#11#3 !3#(2. ( 1! 1'$ /6/1&


<. W.XFC e<g ]<. Q`A>]]>d. $.<d>F`W >X CFC=,.].WB>C>X]>) >X >AA`X]W]., $g >:O DO[+ e<>)<
X<FeX ]<. X.] F5 X]]. ]W?.)]FW>.X  F5 ]<. ]C@ XgX].B 5FW ]<. >C>]>A Q`C]>X., X.] F5 X]].X
1 ' 1 !
 (O ] ]>B. 4  0 ]<. ]C@ XgX].B Bg XX`B. Cg X]]. >C ]<. W.:>FC Z
F5 ]<. KW]>]>FC., X]]. XK).+ $.)`X. ]<. >C>]>A X]]. >X FCAg Q`A>]]>d.Ag @CFeCO FW ]>B.
4  ' -' +' ]<. XgX].B Bg $. >C Cg X]]. F5 ]<. X`))..,>C: W.:>FCX+ e<>)< e.W. ,.].WB>C.,
5FW )FCX]C] >CK`] 
 - C, P
 -O <. >BKFW]C] KF>C] >X ]<] ]<.X. W.:>FCX Fd.WAK
e>]< BFW. ]<C FC. X]]. KW]>]>FCO .C).+ ]<. XgX].B :.C.W].X ,>55.W.C] Q`A>]]>d. X]].
]W?.)]FW>.X

 / 0!
' / !
' / -!
' / +!
' AAA!'
5FW .fBKA.
 0AAA+!
 (' ' ' !
 0AAA+!
 (' ' ' !
 0AAA+!
 (' ' ' !
 0AAA+!
 (' ' ' !
C,+ <.C).+ ,>55.W.C] F`]K`] ]W?.)]FW>.XO 5+ 5FW .fBKA.+ ]<. F`]K`] >X >,.C]>)A ]F ]<. X.)FC,
A.d.A 1 + ]<. Q`C]>X., F`]K`] X.Q`.C).X W.
 0AAA+!
 +' +' +' +!
 0AAA+!
 +' -' -' -!
 0AAA+!
 +' -' +' +!'
e<.W. ]<. F`]K`] T  1 e>]< ]<W.. Q`A>]]>d. dA`.X <X $..C `X.,O >:`W. DOZ X<FeX 
:WK<>)A W.KW.X.C]]>FC F5 ]<. X.] F5 Q`A>]]>d. X]]. X.Q`.C).XO

› ›
·Ø>™ÏˆÅi`ÍÅÏ>ÏiÍQàR

·Ø>™ÏˆÅi`ÍÅÏ>ÏiÍQàR

n n
É É
Ë Ë
x x
{ {
Ñ Ñ
Ö Ö
¥ ¥
ç ¥ç ÅiVž™`Å Ñç {ç ç ¥ç ÅiVž™`Å Ñç {ç

› ›
·Ø>™ÏˆÅi`ÍÅÏ>ÏiÍQàR

·Ø>™ÏˆÅi`ÍÅÏ>ÏiÍQàR

n n
É É
Ë Ë
x x
{ {
Ñ Ñ
Ö Ö
¥ ¥
ç ¥ç ÅiVž™`Å Ñç {ç ç ¥ç ÅiVž™`Å Ñç {ç
+ %+.+ F`W Q`C]>X., ]W?.)]FW>.X F5 ]<. ]C@ XgX].B 5FW ]<. XB.
Q`C]>X., >C>]>A X]]. /$
 ( C, )FCX]C] >CK`] 
 -+ P
 -
9[i DO >:CFX>X C, W.)FC6:`W]>FC F5 Q`C]>X., XgX].BX

<>X .fBKA. X<FeX ]<] ]<. CFC=,.].WB>C>XB F))`WX $.)`X.  $`C,A. F5 ]W?.)]FW>.X <X
]F $. )FCX>,.W., W]<.W ]<C  `C>Q`. ]W?.)]FWgO <>X $`C,A. X]W]X >C ]<. )FBBFC Q`A>]]>d.
X]]. /$
 ( C, <X  )FBBFC Q`A>]]>d. >CK`] X.Q`.C).O <. ]W?.)]FW>.X F5 ]<>X $`C,A.
:.C.W]. ,>55.W.C] Q`A>]]>d. X.Q`.C).X 
C,+ <.C).+ ]<. Q`A>]]>d. F`]K`] X.Q`.C). )C=
CF] $. KW.,>)]., `CB$>:`F`XAg 5FW :>d.C Q`A>]]>d. >CK`] X.Q`.C). C, Q`A>]]>d. >C>]>A
X]].O

ç²x ç²x
iÞiÍ¥

iÞiÍ¥
ç²Ñ ç²Ñ

ç²¥ ç²¥

ç ç²x ¥ ¥²x Ö Ö²x Ñ Ñ²x ç ç²x ¥ ¥²x Ö Ö²x Ñ Ñ²x


ψ“i͈™Í“ˆ™ØÏiŠψ“i͈™Í“ˆ™ØÏiÅ

ç²x ç²x
iÞiÍÖ

iÞiÍÖ

ç²Ñ ç²Ñ

ç²¥ ç²¥

ç ç²x ¥ ¥²x Ö Ö²x Ñ Ñ²x ç ç²x ¥ ¥²x Ö Ö²x Ñ Ñ²x


ψ“i͈™Í“ˆ™ØÏiŠψ“i͈™Í“ˆ™ØÏiÅ

LM L$M
+ %++ eF ,>55.W.C] Q`C]>X., ]W?.)]FW>.X F5 ]<. ]C@ XgX].B
X]W]>C: >C ]<. XB. Q`C]>X., >C>]>A X]]. / $

>:`W. DO2 X<FeX <Fe ]<>X CFC=,.].WB>C>XB $.)FB.X F$d>F`X >C .fK.W>B.C]X e>]< ]<. ]C@
XgX].BO C )FC]WX] ]F >:O DOZ+ >:O DO2 X<FeX ]<. ]eF Q`C]>X., ]C@ A.d.AX W]<.W ]<C ]<.
.C`B.W]., X]].O <. ]eF KW]X F5 ]<. 6:`W. )FC).WC ]eF .fK.W>B.C]X+ >C e<>)< ]<. >C>=
]>A A>Q`>, A.d.AX W. Q`A>]]>d.Ag ]<. XB.+ $`] ,>55.W Q`C]>]]>d.AgO <. ]<>C A>C.X X<Fe ]<.
Q`C]>]]>d. ]C@ $.<d>F`WO $d>F`XAg+ ]<. W.X`A]>C: Q`A>]]>d. ]W?.)]FW>.X W. ,>55.W.C]O
<>X K<.CFB.CFC <X  ,>W.)] )FCX.Q`.C). )FC).WC>C: ]<. XX.W]>FCX ]<] C .fK.W>.C).,
<`BC FK.W]FW )C B@. $F`] ]<. ]C@ XgX].BO 5 X@., $F`] ]<. Q`A>]]>d. ]C@ A.d.AX ]
]>B. 4   `C,.W ]<. XX`BK]>FC ]<] ]<. Q`A>]]>d. >C>]>A X]]. >X Z+ ]<. FK.W]FW )C FCAg
KW.,>)]  X.] F5 Q`A>]]>d. A.d.AX W]<.W ]<C  `C>Q`. FC.O <>X >X+ $.)`X. ]<. FK.W]FW <X
B.W.Ag ]<. Q`A>]]>d. @CFeA.,:. ]<] C@ I <X >C>]>AAg  AFe A.d.A 1  C, C@ _  <>:<
A.d.A 1 O <. `C).W]>C]g F5 ]<. @CFeA.,:. $F`] ]<. 5`]`W. ]C@ A.d.A >X CF] $X., FC >CX`56=
)>.C] @CFeA.,:. $F`] ]<. ,gCB>)X F5 ]<. XgX].B `C,.W )FCX>,.W]>FC $`] FC ]<. `C).W]>C]g
F5 ]<. >C>]>A A.d.AX >C $F]< ]C@X W.X`A]>C: 5WFB ]<. Q`C]>X., >C5FWB]>FC d>A$A.O 7 '

5( (Z;@:( ;9(M 7R >X7>UM R5R R5( EU<R7M(' M[MR(; (5X(M :79(  MR>$5M6
R7$ @L>$(MMD 5( 7<7R7: MRR( 9$4% $< ( MMU;(' R> ( $5>M(< L<'>;:[ ;><4
:: 7<7R7: MRR(M Y7R5 R5( 47X(< EU:7RR7X( X:U( [$4% 
9$4% D <  ;>L( 4(<(L:
(Z@(L7;(<R& :M> R5( 7<@UR M(EU(<$(  $< ( $5>M(< L<'>;:[ ;><4 :: 7<@UR
M(EU(<$(M Y7R5  0Z(' EU:7RR7X( X:U(
 D >L ($5 >/ R5(M( 7<7R7: MRR(M <' 7<6
@UR M(EU(<$(M R5( M[MR(; 4(<(LR(M  U<7EU( EU:7RR7X( >UR@UR M(EU(<$(
 & UR
M7<$( R5( 7<7R7: MRR( <' R5( 7<@UR XL[ /L>; (Z@(L7;(<R R> (Z@(L7;(<R M> '> R5(
EU:7RR7X( >UR@UR M(EU(<$(MD > U<;74U>UM @L('7$R7>< >/
 $< ( ;'(& UR
M>;( @L>7:7MR7$ @L('7$R7>< 7M @>MM7:(D U$5  @L('7$R7>< Y7:: ( $><M7'(L(' 7<
($R7>< =D3& Y5(L(  MR>$5MR7$ UR>;R>< Y7:: ( M(R U@ R5R 4(<(LR(M  @L>7:7R[
'7MRL7UR7>< />L :: R5( EU:7RR7X( >UR@UR X:U(M 4(<(LR(' [ R5( EU<R7M(' M[MR(;D
DO_ `C]>X., XgX].BX 9[I

06?6& =1(9=* 38138=*9 1" 7@/=*9 9D9=.9


< R5( />::>Y7<4& R5( M(R 2 >/ 7<7R7: MRR(M 92 $><M7'(L(' 7M MMU;(' R> ( EU:7R6
R7X(:[ 47X(<D 5R 7M& 7R 7M R5( U<7>< >/ ><( >L ;>L( MRR( @LR7R7><M K $[%D 5( 7<7R7:
MRR( 7M MMU;(' R> ( L<'>;:[ '7MRL7UR(' >X(L 2 D <'(L R5(M( $7L$U;MR<$(M&
$><M7'(L R5( @L>7:7R[
)! $
 $4 EEE 7+ % !
 $4 EEE 7+ % ( 2 %
Y7R5 Y57$5 R5( EU:7RR7X( >UR@UR M(EU(<$(
 >$$ULM />L  47X(< EU:7RR7X( 7<@UR
M(EU(<$(
 <' EU:7RR7X(:[ 47X(< 7<7R7: MRR( M(R 2 D 57M @L>7:7R[ $5L$6
R(L7M(M 5>Y >/R(< R5( Q @7L $
 (
 % >$$ULM 7/ R5( @L>7:7R[ >/ R5( >$$ULL(<$(
>/
 <'& ;>L(>X(L& R5( @L>7:7R[ >/ R5( 7<7R7: MRR( 9$4% ) 2 L( 9<>Y<D >R(
R5R R5( '(@(<'(<$[ >/ )! $
 $4 EEE 7+ % !
 $4 EEE 7+ % ( 2 % U@>< 9$4% 7M 47X(<
7;@:7$7R:[ [ EMD A=DSB <' A=D3BD
> (RR(L U<'(LMR<' R5( ;(<7<4 >/ R57M @L>7:7R[& MMU;( R5R R5( 7<7R7:
MRR( 9$4% 7M 9<>Y< R> (:><4 R> ><( MRR( @LR7>< K $[2 % />L 47X(< [2 D 5(<
)! $
 $4 EEE 7+ % !
 $4 EEE 7+ % ( 2 % M 5>Y >/R(<
 >$$ULM />L  47X(< 7<@UR
M(EU(<$(
 7/ ;<[ (Z@(L7;(<RM L( ;'( Y7R5 R5( M[MR(; MRLR7<4 7< R5( M;(
7<7R7: MRR( 92 ) 2 D /  M@($70$ Q @7L $
 (
 % <(X(L >$$ULM& ($UM( R5(
M[MR(; $<<>R />::>Y R5( EU:7RR7X( >UR@UR M(EU(<$(
 />L R5( EU:7RR7X( 7<@UR
M(EU(<$(
 <' />L M>;( 7<7R7: MRR( 9$4% ) 2 & R5(<
)! $
 $4 EEE 7+ % !
 $4 EEE 7+ % ( 2 %  4
5>:'MD R5(L Q @7LM ;[ >$$UL Y7R5 '7//(L(<R /L(EU(<$7(M& Y57$5 :(' R> @>M7R7X(
@L>7:7R[ X:U(MD
/ R57M @L>7:7R[ M5>U:' ( '(R(L;7<('& R5( H(Z@(L7;(<RMI $><M7'(L(' 8UMR <>Y
5X( R> ( 7<X(MR74R(' 7< ;>L( '(R7:D 7<$(
 7M R5( 7<@UR R> R5( EU<R7M(' M[M6
R(; Y5(L(M
 '(M$L7(M R5( (//($R >/ R57M 7<@UR R>4(R5(L Y7R5 R5( 7<7R7: MRR(& R5(
7<@UR  <' R5( 7<7R7: MRR( 9$4% 5X( R> ( XL7(' /L>; (Z@(L7;(<R R> (Z@(L7;(<R
Y7R57< R5( 47X(< M(RM >/ EU:7RR7X(:[ (EU7X:(<R 7<@UR M(EU(<$(M <' 7<7R7: MRR(MD
M R5( /L(EU(<$[& Y7R5 Y57$5  $(LR7< >UR@UR M(EU(<$(  >$$ULM& :M> '(@(<'M ><
5>Y >/R(<  $(LR7< 7<@UR M(EU(<$(  <' 7<7R7: MRR( 9$4% 7M $5>M(<& R5( @L>7:6
7R[ '7MRL7UR7>< >/ R5(M( XL7:(M 5X( R> ( 0Z('D 57M $< ( '><(& 7< @L7<$7@:(&
7< < L7RLL[ Y > U<'(LMR<' R5( />::>Y7<4 7<X(MR74R7><M& 7R $< ( MMU;('
R5R A-( /8, @L>7:7R[ '7MRL7UR7><M L( UM('D 5(< (X(L[ X:U( 9$4% R5R (:><4M
R> R5( M(R 2 >$$ULM Y7R5 R5( M;( @L>7:7R[D 5( M;( 5>:'M />L R5( 7<@UR M(6
EU(<$(MD >Y(X(L& R5( />::>Y7<4 7<X(MR74R7><M L( X:7' />L L7RLL[ @L>7:7R[
'7MRL7UR7><MD
5( (Z@(L7;(<RM R> ( ;'( 5X( R> L7<4 R5( M[MR(; 7< R5( $5>M(< 7<7R7: MRR(
9$4% <' R> '(R(L;7<( R5( EU:7RR7X( M[MR(; RL8($R>L[
 $4 EEE 7+ % />L R5( $5>M(<
7<@UR M(EU(<$(  $4 EEE 7+ %D /R(L :: (Z@(L7;(<RM 5X( ((< ;'(& R5( L(:R7X( /L(6
EU(<$7(M >/ R5( >$$ULL(<$( >/ R5( '7//(L(<R EU:7RR7X( >UR@UR M(EU(<$(M
 47X( R5(
A@@L>Z7;R(B X:U( >/ R5( @L>7:7R[ )! $
 $4 EEE 7+ % !
 $4 EEE 7+ % ( 2 % R> (
/>U<'D
7R5 R57M @L>7:7R[& R5( EU:7RR7X( (5X7>UL >/ R5( EU<R7M(' M[MR(; '(0<(' 7<
ED A=D??B $< ( (Z@L(MM(' 7< R5( />L;
9[_ DO >:CFX>X C, W.)FC6:`W]>FC F5 Q`C]>X., XgX].BX

 $7+ % A=D?+B


 #
 $4 EEE 7+ % (
 $4 EEE 7+ %  )! $
 $4 EEE 7+ % !
 $4 EEE 7+ % ( 2 % 2 4$E
M R5( <U;(L >/ (:(;(<RM >/ %/ $7+ % 7M X(L[ :L4( A$/D ($R7>< =DTDSB& 7R 7M <>R
@>MM7:( R> 4L@57$::[ 7::UMRLR( R5( @L>7:7R[ >/ R5( Q @7LMD >Y(X(L& 7R 7M >/R(<
;>L( 7<R(L(MR7<4 R> 9<>Y Y7R5 Y57$5 @L>7:7R[  M@($70$ EU:7RR7X( >UR@UR X:U(

:$7+ % >$$ULMD 57M @L>7:7R[ $< ( >R7<(' M >U<'L[ @L>7:7R[


)! $
:$7+ % !
 $4 EEE 7+ % ( 2 % A=D?=B
3
 )! $
 $4 EEE 7+ % !
 $4 EEE 7+ % ( 2 %

 $4 EEE 7+ 4 "%
3
 )! $
:$4% ( EEE(
:$7+ % !
 $4 EEE 7+ % ( 2 %(

:$4% ( EEE(
:$7+ 4 "%
Y5(L( R5( MU;;R7>< 7M ;'( >X(L :: (:(;(<RM
:$7% >/ R5( >UR@UR M(EU(<$( Y7R5
R5( (Z$(@R7>< >/ R5( :MR (:(;(<R
:$7+ % D 57M @L>7:7R[ 7M '(@7$R(' 7< 74D =D= />L
R5( R<9 M[MR(; Y7R5 :  9  $3 ( 3. % D 57M 04UL( MU;;L7M(M R5( 7</>L;R7><
47X(< [ R5( />UL MRR( M(EU(<$(M '(@7$R(' 7< 74D =DO <' MM>$7R(M R5(M( M(EU(<$(M
Y7R5 R5( @L>7:7R[ >/ R5(7L >$$ULL(<$(D 5( 'L9(L R5( L($R<4:(M L(& R5( 5745(L
7M R5( @L>7:7R[D 57R( L($R<4:(M M5>Y R5R R5( $>LL(M@><'7<4 EU:7RR7X( >UR@UR
X:U( $<<>R >$$UL R R5( $>LL(M@><'7<4 R7;( 7<MR<RD

›
·Ø>™ÏˆÅi`ÍÅÏ>ÏiÍQàR

n
É
Ë
x
{
Ñ
Ö
¥
ç ¥ç ÅiVž™`Å Ñç {ç
+ %+%+ ]]>X]>)A KWFK.W]>.X F5 ]<. ]C@ XgX].B

8,1A 38138=D6 5( @L>7:7R[ $><M7'(L(' M> /L $><$(L<M M(EU(<$(M >/ EU:76
RR7X( 7<@UR <' >UR@UR X:U(M >/ L7RLL[ R7;( 5>L7\>< 7+ %
)! $
:$4% (
:$"% ( EEE(
:$7+ % !
6$4% (
6$"% ( EEE(
6$7+ % ( 2 %E
M R5(M( M(EU(<$(M ;[ ( L7RLL7:[ :><4& 7R 7M 7;@>MM7:( R> MR>L( :: R5( @L>7:6
7R[ '7MRL7UR7><M&
)! $
:$4% !
6$4% ( 2 %
DO_ `C]>X., XgX].BX 9[^

)! $
:$4% (
:$"% !
6$4% (
6$"% ( 2 %
)! $
:$4% (
:$"% (
:$1% !
6$4% (
6$"% (
6$1% ( 2 %
DD
D
)! $
:$4% (
:$"% ( EEE(
:$7+ % !
6$4% (
6$"% ( EEE(
6$7+ % ( 2 %
/>L :: L4U;(<RMD 5(L(/>L(& 7R 7M 7<R(L(MR7<4 R> 9<>Y< Y5(R5(L 7R 7M @>MM7:( R> '(6
R(L;7<( R5(M( @L>7:7R[ '7MRL7UR7><M L($ULM7X(:[& Y5(L( R5( @L>7:7R[ '7MRL7UR7><
>R7<(' />L R5( R7;( 5>L7\>< 7+ 7M '(R(L;7<(' /L>; R5( @L>7:7R[ '7MRL7UR7>< />L
R5( R7;( 5>L7\>< 7+ 4 "D 7;7:L:[& R5( @L>7:7R[ $><M7'(L(' 7< ED A=D?=B M5>U:'
( '(R(L;7<(' /L>; R5( @L>7:7R[ >/ R5( >UR@UR
:$7 4 "% D
U$5 L($ULM7X( L(@L(M(<RR7><M L( @>MM7:(& 7/ R5( M[MR(; @>MM(MM(M R5( L9>X
@L>@(LR[D 5(<  RL<M7R7>< @L>7:7R[ CD? (Z7MRM Y7R5 Y57$5 R5( @L>7:7R[ />L R7;(
7+ $< ( >R7<(' /L>; R5( @L>7:7R[ >/ R7;( 7 4 "D
< 4(<(L:& '[<;7$: M[MR(;M @>MM(MM R5( L9>X @L>@(LR[ Y7R5 L(M@($R R> R5(
MRR( 9 :R5>U45 R57M @L>@(LR[ '>(M <>R 5>:' Y7R5 L(M@($R R> R5( >UR@UR :D 57M (6
$>;(M >X7>UM /L>; ED A=DSB&
9$7'"%  )$9$7%( 6$7%%( 9$4% ) 2
Y5(L( R5( MRR( RL<M7R7>< 7M L(@L(M(<R(' [ R5( /U<$R7>< )D 57M (EUR7>< M R5R
R5( MRR( R R7;( 7'" $< ( U<;74U>UM:[ '(R(L;7<(' /L>; MRR( 9$7% Y7R5>UR R5(
9<>Y:('4( >/ R5( MRR(M 9$7 4 "%& 9$7 4 1% (R$D >$$ULL7<4 7< R5( /ULR5(L 57MR>L[ >/
R5( M[MR(;D <  @L>7:7MR7$ M(RR7<4& R5( @L>7:7R[ >/ R5( MRR( RL<M7R7>< 7M ><( />L
R5( @7L >/ MRR(M $9$7 ' "%( 9$7%% R5R >$$UL 7< R57M (EUR7>< R>4(R5(L Y7R5 R5( 7<@UR
6$7% <' 7R 7M \(L> />L :: >R5(L @7LMD
>L R5( EU<R7M(' M[MR(;& R5( MRR( 9 7M L(@:$(' [ R5( EU:7RR7X( MRR(
9 D 5(
L9>X @L>@(LR[ Y>U:' ;9( 7R @>MM7:( R> L(@L(M(<R R5( @L>7:7R[ )! $
9$7 '
"% % 7< '(@(<'(<$( U@>< )! $
9$7% %D 5(< R5( L(:R7><
0 $)! $
9$7% %( )! $
6$7% %%
)! $
9$7'"% %  ) A=DT]B
Y>U:' 5>:' />L M>;( /U<$R7>< ) 0 D >Y(X(L& 7< 4(<(L:&  EU<R7M(' M[MR(; '>(M -/>
@>MM(MM R5( L9>X @L>@(LR[ <'& 5(<$(& MU$5  L($ULM7X( L(@L(M(<RR7>< '>(M <>R
(Z7MRD 57M 5M M(X(L( $><M(EU(<$(M />L R5( M>:UR7>< >/ R5( ;>'(::7<4 RM9 Y57$5
Y7:: ( 7<X(MR74R(' 7< R5( <(ZR M($R7><%

M R5( EU<R7M(' M[MR(; '>(M <>R @>MM(MM R5( L9>X @L>@(LR[ Y7R5 L(M@($R R> R5(
EU<R7M(' 7<@UR& MRR( <' >UR@UR M74<:M& (X(L[ ;>'(: R5R @>MM(MM(M R5( L9>X
@L>@(LR[& $< ><:[ ( < @@L>Z7;R( L(@L(M(<RR7>< >/ R5( EU<R7M(' M[MR(;D

6#(" %+1 #(%1#(' ( 1! .$(3 ).().16 6 1! 1'$ /6/1&


C FW,.W ]F .fKA>C e<g :.C.WAAg Q`C]>X., XgX].BX ,F CF] KFXX.XX ]<. W@Fd KWFK.W]g+
>:O DOIi X<FeX ]<. BFd.B.C] F5 ]<. >C>]>A X.] F5 X]].X $ F5 ]<. ]C@ XgX].B >C ]<. Q`C]>X.,
X]]. XK). 5FW ]<. )FCX]C] >CK`] 
 - C, P
 O >C). ]<. Q`A>]]>d. >C>]>A X]]. >X
XX`B., ]F $. / 0!
 ++
9[9 DO >:CFX>X C, W.)FC6:`W]>FC F5 Q`C]>X., XgX].BX

ç²Ë 

…Ö͈™Í“  


ç²Ö 
ç²¥

ç
ç ç²Ö …¥Íˆ™Í“ ç²{ ç²Ë

+ %+'9+ >X)`XX>FC F5 ]<. W@Fd KWFK.W]g F5 ]<. Q`C]>X., XgX].B

$  ; +!'
]<. >C>]>A X]]. / 0! A>.X >C ]<. KW]>]>FC ,.CF]., $g $ O <. X.]X  C,  W. ]<. X.]X F5
X`)).XXFW X]].X / ! C, / -! ]<] )C $. F$]>C., $g ]<. BF,.A :>d.C >C .)]>FC _OIO $=
d>F`XAg+ / !
! 
 ' )' '  C, / -!
! 
 ' '  <FA,O <.X. W.X`A]X W.
F$]>C., 5WFB  Q`C]>X]>FC F5 ]<. ]W?.)]FWg $`C,A. F5 ]<. )FC]>C`F`X=dW>$A. XgX].B LDO^M
]<] X]W]X >C ]<. KW]>]>FC ; +!O
Fe )FCX>,.W e<]  Q`A>]]>d. BF,.A F5 ]<. 5FWB LDO_iM )C ,FO X ]<. >CK`] >X )FCX]C]+
]<. XgX].B )C $. )FCX>,.W., X `]FCFBF`X e>]< ]<. X>BKA.W BF,.A
% / 4#!
!  , % / 4!
!! A
FW 4  0 C, % / 0!
 +!   ]<. 5`C)]>FC , g>.A,X
% / !
 !  0A' % / !
 !  0A0)
% / !
 !  0A(' % / !
 )!  0A0
e<>)< >X W.A]., ]F ]<. W.A]>d. Fd.WAK F5 ]<. X.]  e>]< ]<. KW]>]>FCX ; !+ ; )!+ ; !
C, ; ! L5FW  ,.]>A., CAgX>X )5O .)]>FC DO9MO FW 4   ]<. 5`C)]>FC , <X ]F ,.].WB>C.
% / 4 # !
! $g `X>C: ]<>X W.X`A] FCAgO X ]<>X 5`C)]>FC ,F.X CF] @CFe ]<] ]<. XgX].B
<X X]W]., ] 4  0 >C ]<. X.] ; +!+ >] XX`B.X ]<] ]<. X]]. )C A>. Cge<.W. >C ]<. X.]X
; !+ ; )!+ ; ! C, ; ! e<FX. `C>FC

 ; ! 6 ; )! 6 ; ! 6 ; !
>X ,.K>)]., >C B.,>`B :W.g >C >:O DOIiO <.W.5FW.+ ]<. 5`C)]>FC , )FC).WCX ]<. BKK>C: F5
]<>X X.]+ e<>)< W.X`A]X >C ]<. A>:<] :W.g X.] >C >:O DOIi e<>)< )FCX.Wd]>d.Ag Fd.WKKWFf>B].X
]<. ]W`. X.]   $ !! ,.CF]., $g 
!O <. A>:<] :W.g X.] >C].WX.)]X e>]< ]<. W.=
:>FCX ' '  C,  F5 ]<. KW]>]>FC., X]]. XK).O FCX.Q`.C]Ag+ , g>.A,X  KFX>]>d. KWF$$>A>]g
% / -!
 ! 0 0 A]<F`:< ]<. X.]  ,F.X CF] >C].WX.)] e>]< ; ! C,+ <.C).+ ]<.
)FWW.)] W.X`A] >X % / -!
 !  0O
<. W.XFC 5FW ]<. T.WWFWU >C ]<. )A)`A]>FC e>]< ]<. BF,.A DO_i >X ]<. B>XX>C: W@Fd
KWFK.W]gO <. .fBKA. ,.BFCX]W].X ]<] e>]< ]<. ,,>]>FCA @CFeA.,:. $F`] / 0!
]<. ,.=
].WB>C]>FC F5 / -!
>X $.]].W )FBKW., ]F ]<. ,.].WB>C]>FC $X., FC ]<. >C5FWB]>FC $F`]
/ !
FCAgO C )FC]WX] ]F ]<>X+ ]<. W@Fd KWFK.W]g W.Q`>W.X ]<] ]<>X ,,>]>FCA @CFeA.,:.
<X CF .55.)]O 7
'
DO^  $.<d>F`WA d>.e FC X`K.Wd>X>FC KWF$A.BX 9[7

'+2  5!(4-$ 5!6 (& 1 *-(.. .4*-5!.!(& *-($%. (-


,4&1!. .8.1%.
M R5( 74D =DT <' =DS M5>Y& R5( >M(LXR7>< <' R5( '74<>MR7$ ;(R5>'M 5X( $$(MM
R> R5( Q @7L
 $4 EEE 7+ % <'
 $4 EEE 7+ % >/ R5( EU<R7M(' M[MR(;D 5( >M(LX6
R7>< @L>:(; 7M M>:X(' [ :>>97<4 />L EU:7RR7X( MRR(M
9$7+ % />L Y57$5 R5( 47X(<
Q @7L ;[ >$$ULD < 4(<(L:& R5( M>:UR7>< Y7:: <>R ( U<7EU( UR L(@L(M(<RM  M(R
$7+ ! 7+ % >/ MU$5 EU:7RR7X( MRR(MD 5( '74<>MR7$ @L>:(; 7M M>:X(' [ M(L$57<4
/>L :: /U:RM / $7+ % />L Y57$5 R5( 47X(< Q @7L ;[ >$$ULD R [7(:'M R5( M(R  $7+ %
>/ /U:R $<'7'R(MD
>R( R5R 7< >R5 @L>:(;M& R5( '7MR7<$R7>< (RY((< 7<@UR <' >UR@UR 7M >/ <> 7;6
@>LR<$(D >R5 M(EU(<$(M 7<$:U'(' 7< R5( Q @7L R>4(R5(L @L>X7'( R5( 7</>L;R7><
>UR R5( $ULL(<R ;>X(;(<R >/ R5( EU<R7M(' M[MR(; UM(' Y5(< M>:X7<4 R5( >M(L6
XR7>< >L '74<>MR7$ RM9D R 5M ><:[ R> ( 9<>Y< Y57$5 Q @7LM ;[ >$$UL <'
Y57$5 Q @7LM ;[ <>R >$$ULD R 7M 8UMR R5( 7</>L;R7>< @L>X7'(' [ R5( (5X7>UL
 >/ R5( EU<R7M(' M[MR(;D <[ ;>'(: >/ R5( EU<R7M(' M[MR(; UM(' Y5(< M>:X7<4
R5( >M(LXR7>< >L '74<>MR7$ RM9 M5>U:' @L>X7'( R57M 7</>L;R7><D

   




+ %+''+ .<d>F`W 

5( (5X7>UL  $7+ % />L 47X(< R7;( 5>L7\><R 7+ 5M  <7$( 4L@57$: 7<R(L6
@L(RR7><& ($UM( 7R 7M  MUM(R >/ R5( LR(M7< @L>'U$R >/ R5( M(RM >/ M(EU(<$(M

 $4 EEE 7+ % <'
 $4 EEE 7+ % A$/D ED A=D?PB <' 74D =D??BD U:7RR7X( Q @7LM
$
 $4 EEE 7+ % (
 $4 EEE 7+ % % />L Y57$5 R5( L(:R7><
$
 $4 EEE 7+ % (
 $4 EEE 7+ % % )  $7+ %
7M X:7' L( $::(' /-9(9>-> Y7R5 R5( EU<R7M(' M[MR(;D >L (Z;@:(& R5( Q @7L
M[;>:7M(' [ R5( @>7<R  7M $><M7MR(<R Y7R5 R5( EU<R7M(' M[MR(; Y5(L(M R5( Q
@7L  7M 7<$><M7MR(<RD

== 198A=*1/ 1" 7@/=*9 9D9=.96 L>; R5( (5X7>UL: X7(Y@>7<R& R5( >6
M(LXR7>< @L>:(; $><M7MRM 7< '(R(L;7<7<4 R5>M( EU:7RR7X( MRR( M(EU(<$(M

$4 EEE 7+ %  $
9$4% (
9$"% ( EEE(
9$7+ % %
R5R ;[ >$$UL />L R5( ;(MUL(' 7<@UR M(EU(<$(
 $4 EEE 7+ % <' ;[ @L>'U$( R5(
;(MUL(' >UR@UR M(EU(<$(
 $4 EEE 7+ % D 5(< R5( Q @7L 7M $::(' $><M7MR(<R Y7R5
9[[ DO >:CFX>X C, W.)FC6:`W]>FC F5 Q`C]>X., XgX].BX


 

 



  
 

+ %+'2+ FCX>X].C)g=$X., F$X.Wd]>FC C, ,>:CFX>X

R5( (5X7>UL R5R >$$ULM />L R5( 7<7R7: MRR( [2 


9$4% <' [2 7M  @>MM7:( EU:76
RR7X( 7<7R7: MRR( <'
9$7+ %  @>MM7:( EU:7RR7X( MRR( R R7;( 7+ D
< ;>L( '(R7:& MMU;( R5R& M 7< 74D =D?T& R5L(( '7//(L(<R (5X7>ULM L( 47X(<&
Y57$5 L(@L(M(<R R5( EU<R7M(' M[MR(; />L R5L(( '7//(L(<R EU:7RR7X( 7<7R7: MRR(M
2  K $[2 %& 2  K $[2. %& <' 2  K $[2, %D / R5( ;(MUL(' Q @7L
$>LL(M@><'M R> @>7<R & 7R 7M $><M7MR(<R Y7R5  & Y57$5 7;@:7(M R5R R5( EU:7R6
R7X( 7<7R7: MRR( 7M />U<' R> ( [2 D /  >L  L( ;(MUL('& R5( EU:7RR7X( 7<7R7:
MRR( [2. >L [2, L( U<7EU(:[ '(R(L;7<('D 5( @>7<R  7::UMRLR(M R5R R5( >M(LXR7><
@L>:(; ;[ <>R 5X(  U<7EU( M>:UR7><D 5( Q @7L L(@L(M(<R(' [  7M $><M7M6
R(<R Y7R5 RY> (5X7>ULM <'& 5(<$(& R5( EU<R7M(' M[MR(; ;[ 5X( ><( >/ R5( RY>
EU:7RR7X( 7<7R7: MRR(M [2 <' [2. D

@-= *'/19*9 1" 7@/=*9 9D9=.96 5( M;( Y[ >/ M>:UR7>< 7M UM(' />L R5(
'74<>MR7$ @L>:(; Y7R5 R5( ><:[ '7//(L(<$( R5R R5( EU<R7M(' M[MR(; 7M <>Y MU6
8($R R> R5( /U:R M(EU(<$( D 5(<& R5( (5X7>ULM  & . <' , UM(' 7<
74D =D?T M5>Y R5( M(RM >/ RL7@:(M
$
 $4 EEE 7+ % (
$4 EEE 7+ % (
 $4 EEE 7+ % %
R5R L( $><M7MR(<R Y7R5 R5( EU<R7M(' M[MR(; />L R5L(( '7//(L(<R EU:7RR7X( 7<7R7:
MRR(MD < R5( 4L@57$: L(@L(M(<RR7><& R5( (5X7>UL 7M <>Y  MUM(R >/ R5( M(R >/
MU$5 RL7@:(MD
5( ;(MUL(' Q @7L $
 (
 % 7<$:U'(M R5( 0LMR <' R5( R57L' (:(;(<R >/ R5(
RL7@:( $
 (
 (
 % '(M$L77<4 R5( (5X7>UL >/ R5( /U:R[ M[MR(;D > M>:X( R5(
'74<>MR7$ @L>:(; 7R 5M R> ( $5($9(' Y5(R5(L R5( ;(MUL(' @7L 7M $><M7MR(<R
Y7R5 M>;( RL7@:( 7< R5( M(<M( R5R R5( ;(MUL(;(<RM L( 7'(<R7$: Y7R5 R5( 0LMR <'
R5( R57L' (:(;(<R >/ R5( RL7@:(D 5(<  @>MM7:( /U:R M(EU(<$( 7M 47X(< [ R5( M($><'
(:(;(<R
 >/ R57M RL7@:( />L R5( 7<7R7: MRR( [$4% R> Y57$5 R5( (5X7>UL (:><4MD
5R 7M& R5( '74<>MR7$ RM9 7M M>:X(' [ R(MR7<4 R5( $><M7MR(<$[ >/ R5( ;(MUL(' Q
@7L Y7R5 R5( (5X7>UL >/ R5( EU<R7M(' M[MR(;D 57M 7::UMRLR(M /-9(9>-F'9
(%-/9(9 >/ EU<R7M(' M[MR(;MD

D 1" 91-@=*1/ "18 1=( 381-.96 5( '(X(:>@;(<R >/  M>:UR7>< R> R5( >6
M(LXR7>< <' R5( '74<>MR7$ @L>:(;M $><M7MRM >/ RY> ;8>L MR(@MD 7LMR&  MU7R:(
L(@L(M(<RR7>< >/ R5( EU<R7M(' M[MR(; 5M R> ( />U<'D ($R7>< =D3 Y7:: M5>Y R5R
 MR>$5MR7$ UR>;R>< 7M MU$5  MU7R:( L(@L(M(<RR7>< <' R5R R5( UR>;R>< $<
DO^  $.<d>F`WA d>.e FC X`K.Wd>X>FC KWF$A.BX 9[Z

( '(R(L;7<(' /L>; R5( '(M$L7@R7>< >/ R5( EU<R7M(' M[MR(; [ ;(<M >/ EMD A=DSB&
A=D3B R>4(R5(L Y7R5 R5( EU<R7M(LMD ($><'& ;(R5>'M R5R UM( R57M ;>'(: <' R5( >6
M(LX(' 7<@UR <' >UR@UR M(EU(<$(M ;UMR ( (:>LR(' 7< >L'(L R> M>:X( R5( MRR(
>M(LXR7>< >L R5( '74<>MR7$ @L>:(;MD M R5( ;>'(: UM(' 7M  MR>$5MR7$ UR>;6
R><& R5( ;(R5>'M '(X(:>@(' 7< 5@R(L + $< ( @@:7(' />L R5(M( @UL@>M(MD M R5(
L(MU:RM >R7<(' />L R5( MR>$5MR7$ UR>;R>< M5>U:' ( UM(' />L R5( EU<R7M(' M[M6
R(;& R5( UR>;R>< 5M R> MR7M/[ M>;( $>;@:(R(<(MM L(EU7L(;(<RM& Y57$5 Y7:: (
'(X(:>@(' 7< R5( M(EU(:D

7@*8./= 1/ =( .1-6 5( (5X7>UL: X7(Y >< R5( MU@(LX7M7>< @L>:(;M R>
( M>:X(' M5>YM R5R R5( ;>'(: >/ R5( EU<R7M(' M[MR(; 5M R> @L>X7'( R5( (5X7>UL
 $7+ % >/ R5( EU<R7M(' M[MR(; />L R5( L(:(X<R R7;( 5>L7\>< 7+ D 5(L(/>L(& <[
;>'(: R5R '(M$L7(M R5( EU:7RR7X( (5X7>UL  $< ( UM('D 5( ;>'(: >/ R5(
5[L7' M[MR(; 47X(< [ EMD ATD?B , ATDSB R>4(R5(L Y7R5 R5( '(M$L7@R7>< >/ R5( EU<6
R7M(LM 47X(< 7< :( =D? @L>X7'(M MU$5  L(@L(M(<RR7>< >/ R5( EU:7RR7X( (5X7>UL
 D

           
     

    
    

          
           

             

 

+ %+'1+  $.<d>F`WA d>.e FC ]<. F$X.Wd]>FC KWF$A.B

>Y(X(L& R57M 5[L7' L(@L(M(<RR7>< >/ R5( EU<R7M(' M[MR(; :('M R> X(L[ $>;@:(Z
>M(LXR7>< <' '74<>MR7$ :4>L7R5;M ($UM( 7R $>;7<(M '7//(L(<R7: (EUR7><M
Y7R5 7<(EU:7R7(M >L :>47$: />L;U:( R5R '(M$L7( R5( EU<R7M(LMD 5(L(/>L(&  ;>L(
$>;@$R ;>'(: Y7:: ( 7<RL>'U$(' 7< ($R7>< =D3 Y57$5 5M R5( />L; >/  MR>$5M6
R7$ UR>;R>< Y5>M( MRR(& 7<@UR <' >UR@UR $>LL(M@><' '7L($R:[ Y7R5 R5( EU<R7M('
MRR(& EU<R7M(' 7<@UR <' EU<R7M(' >UR@UR >/ R5( 47X(< M[MR(;D <MR(' >/ R5( (6
5X7>UL  & R5( MU@(LX7M7>< @L>:(;M Y7:: ( M>:X(' [ ;(<M >/ R5( (5X7>UL
>/ R5( MR>$5MR7$ UR>;R><& Y57$5 :79(Y7M( '(@(<'M >< R5( EU:7RR7X( 7<7R7:
MRR( <' R5( /U:R >$$ULL7<4 7< R5( EU<R7M(' M[MR(; A$/D 74D =D?SBD 57M ;>'(: '76
L($R:[ L(/(LM R> R5( EU:7RR7X( X(LM7><M >/ R5( 7<@UR& MRR( <' >UR@UR <' 7M $::('
6A+(>>(C ,/+D
M >R5 R5( >M(LXR7>< <' R5( '74<>MR7$ ;(R5>'M L( M(' ><  $><M7MR(<$[
$5($9 />L  47X(< Q @7L <' R5( ;>'(:& R5( ;>'(: 5M R> L(@L(M(<R ++ Q @7LM
9[2 DO >:CFX>X C, W.)FC6:`W]>FC F5 Q`C]>X., XgX].BX

R5R ;[ >$$UL />L R5( 47X(< EU<R7M(' M[MR(;& 7D(D 7R 5M R> ( /,2+> $$>L'7<4
R> R5( />::>Y7<4 '(0<7R7><D
#/*=*1/ 062 41.3-=/995
 ,/+ D(>& >& &C(/A8 >&> 9>(9!9 >& 8+>(/-
$7+ % =  $7+ % A=DT?B
/8 ++ 7+ (9 ++ $>;@:(R(5
>;@:(R( ;>'(:M 7<$:U'( :: Q @7LM />L  47X(< R7;( 5>L7\>< 7+ R5R L( $><M7M6
R(<R Y7R5 R5( EU<R7M(' M[MR(;D
L>; ED =DT? 7R />::>YM R5R R5(L( ;[ (Z7MR @7LM
$ $4 EEE 7+ %(  $4 EEE 7+ %% ) $7+ %
$ $4 EEE 7+ %(  $4 EEE 7+ %% 6)  $7+ %
Y57$5 L( $><M7MR(<R Y7R5 R5( ;>'(: UR <>R Y7R5 R5( EU<R7M(' M[MR(;D 5(M( @7LM
L( $::(' 92A8(/A9D 5(7L (Z7MR(<$( 7M  R[@7$: @5(<>;(<>< (<$>U<R(L(' 7< EU:76
RR7X( ;>'(::7<4D 5( L(M>< />L R5( (Z7MR(<$( >/ M@UL7>UM M>:UR7><M 7M 47X(< [ R5(
/$R R5R R5( EU:7RR7X( ;>'(: M5>U:' ( :(MM $>;@:(Z R5< R5( @L($7M( ;>'(:D (<$(&
7R 5M R> 74<>L( M>;( 7</>L;R7>< >UR R5( @L>@(LR7(M >/ R5( EU<R7M(' M[MR(;D <
@LR7$U:L& R5( EU:7RR7X( ;>'(: 5M R5( L9>X @L>@(LR[ R> @L>X7'(  L($ULM7X( L(@6
L(M(<RR7>< >/ R5( (5X7>UL Y5(L(M R5( EU<R7M(' M[MR(; '>(M <>R @>MM(MM R5(
L9>X @L>@(LR[D
5( 7;@>LR<$( >/ R5( $>;@:(R(<(MM >/ R5( ;>'(: UM(' />L MRR( >M(LXR7>< <'
/U:R '74<>M7M 7M 47X(< [ R5( />::>Y7<4 $>L>::L[%

 ;>'(: 7M MU7R:( />L M>:X7<4 R5( MRR( >M(LXR7>< @L>:(; >L R5( '74<>MR7$
@L>:(; 7/ <' ><:[ 7/ 7R 7M $>;@:(R(D

    
 


+ %+'+ >:CFX>X e>]< )FBKA.]. BF,.AX

>L  $>;@:(R( ;>'(: Y7R5 (5X7>UL < Q @7L :79(  7< 74D =D?3& Y57$5 7M
<>R $><M7MR(<R Y7R5 & 7M :M> <>R $><M7MR(<R Y7R5  %
$
 (
 % 6) $7+ %  $
 (
 % 6)  $7+ %E A=DTTB
57M 5M  '7L($R $><M(EU(<$( />L R5( >M(LXR7>< @L>:(;D MMU;( R5R  7M R5(
(5X7>UL />L 2  K $[2 % <' R5R R5( ;(MUL(' Q @7L $>LL(M@><'M R> R5( @>7<R
DO9 >X)W.].=.d.C] BF,.AX F5 Q`C]>X., XgX].BX 9[D

D 5(< R5( 7<$><M7MR(<$[ >/ R5( Q @7L  Y7R5 7;@:7(M R5( 7<$><M7MR(<$[ >/ 
Y7R5  <' 7R 7M 9<>Y< R5R R5( 7<7R7: MRR( $<<>R 5X( ((< 7< 2 % 92 6) 2 D <
R5( >R5(L 5<'& < Q @7L :79( & Y57$5 7M $><M7MR(<R Y7R5  7M :M> $><M7MR(<R
Y7R5 <' 47< R5( L(MU:R >R7<(' />L $>LL(M@><'M R> R5( L(MU:R R5R Y>U:' (
>R7<(' />L  D
7//(L(<R L(MU:RM L( >R7<(' />L Q @7LM R5R :7( Y7R57< UR <>R 7<  :79(
R5( @7L  AM@UL7>UM Q @7LMBD X7>UM:[&  7M $><M7MR(<R Y7R5 UR 7<$><M7MR(<R
Y7R5 R5( EU<R7M(' M[MR(;D M  $><M(EU(<$(& R5( M(RM >/ EU:7RR7X( 7<7R7: MRR(M >L
/U:R $<'7'R(M R5R L( >R7<(' [  MU@(LX7M7>< :4>L7R5; R5R UM(M R5( ;>'(:
L( MU@(LM(RM >/ R5( M>:UR7>< M(RM R5R Y>U:' ( >R7<(' 7/  Y(L( UM(' M
L(@L(M(<RR7>< >/ R5( EU<R7M(' M[MR(;D 5( /$R R5R  MU@(LM(R >/ R5( M>:UR7>< 7M
>R7<(' LR5(L R5< R5( @L($7M( M>:UR7><& 7M R5( H@L7$(I />L UM7<4 R5( M7;@:( ;>'(:
LR5(L R5< R5( ;>L( $>;@:(Z L(@L(M(<RR7>< >/ R5( EU<R7M(' M[MR(; [ R5(
(5X7>UL  D 5( ;>L( M@UL7>UM M>:UR7><M (Z7MR& R5( ;>L( EU:7RR7X( 7<7R7: MRR(M
>L /U:R $<'7'R(M >$$UL 7< R5( M>:UR7>< M(R R5R M5>U:' <>R >$$UL R5(L(D (<$(& R5(
@L($7M7>< >/ R5( M>:UR7>< '($L(M(MD R 7M& R5(L(/>L(& R5( 7; >/ ;>'(::7<4 R> 0<' 
;>'(: R5R MR7M0(M R5( $>;@:(R(<(MM L(EU7L(;(<R A=DT?B Y7R5 R5( M;::(MR @>MM7:(
M(R >/ M@UL7>UM M>:UR7><MD

'+ !.-1 5&1 %($. ( ,4&1!. .8.1%.


06&62 1--*/' 381-.
L>; R5( @>7<R >/ X7(Y >/ R5( '74<>MR7$ :4>L7R5; R5R ><:[ 5M $$(MM R> R5( EU:6
7RR7X( Q M(EU(<$(M& R5( 7<@UR <' >UR@UR >/ R5( EU<R7M(' M[MR(; MY7R$5 /L>; ><(
'7M$L(R( X:U( R> <>R5(L Y5(< R7;( @L>$(('MD (<$(& R5( EU<R7M(' M[MR(; (5X(M
:79(  '7M$L(R(6(X(<R M[MR(;D < ;>L( '(R7:& ($R7>< =DTD3 5M M5>Y< R5R R5( EU<6
R7M(' M[MR(; 7M <><6'(R(L;7<7MR7$ <' $< ( $><M7'(L(' M  MR>$5MR7$ @L>$(MMD 5(
;>'(: UM(' />L '74<>MR7$ @UL@>M(M 5M R> '(M$L7( R57M MR>$5MR7$ @L>$(MMD

M R5( EU:7RR7X( (5X7>UL 7M <><6'(R(L;7<7MR7$& R5( ;>'(: 5M R> ( <><6


'(R(L;7<7MR7$D

57M M($R7>< M5>YM 5>Y  ;>'(: $< ( >R7<(' R5R MR7M0(M R5( $>;@:(R(<(MM
L(EU7L(;(<R A=DT?BD
> MRR( R5( ;>'(::7<4 @L>:(; ;>L( />L;::[& '(<>R( R5( ;>'(: 7<@UR [ @$7%&
R5( ;>'(: >UR@UR [ B$7% <' R5( (5X7>UL >/ R5( ;>'(: [ D 5( M>:UR7>< R> R5(
;>'(::7<4 @L>:(; Y7:: ( (Z@:7<(' />L R5( /U:R:(MM M[MR(; A=DSB& A=D3B <' :R(L
(ZR(<'(' R> /U:R[ M[MR(;MD >L 47X(< 7<7R7: MRR( [$4% <' 47X(< 7<@UR M(EU(<$(
$4 EEE 7+ %  $@$4%( @$"%( @$1%( EEE( @$7+ %%
R5( ;>'(: 4(<(LR(M R5( >UR@UR M(EU(<$(
$4 EEE 7+ %  $B$4%( B$"%( B$1%( EEE( B$7+ %%E
9Zi DO >:CFX>X C, W.)FC6:`W]>FC F5 Q`C]>X., XgX].BX

5( ;>'(: (5X7>UL $7+ %  #$$4 EEE 7+ %( $4 EEE 7+ %%$ 7<$:U'(M :: Q @7LM
Y7R5 R7;( 5>L7\>< 7+ R5R R5( ;>'(: ;[ @L>'U$(D 7<$( R5( ;>'(: M5>U:' ( 
L(@L(M(<RR7>< >/ R5( EU<R7M(' M[MR(;& 7RM 7<@UR <' >UR@UR $< MMU;( R5( M;(
X:U(M M R5( EU:7RR7X( 7<@UR <' EU:7RR7X( >UR@UR M74<:M >/ R5( EU<R7M(' M[MR(;%
@$7% ) H & B$7% ) L D
>L(>X(L& R5( ;>'(: MRR( [ 7M 7<R(L@L(R(' M R5( EU:7RR7X( MRR(
9 >/ R5( M[MR(;
<'& 5(<$(& [ ) K 5>:'MD 57M $5>7$( >/ R5( ;>'(: MRR( 7M X(L[ 7;@>LR<R ($UM(
7R ;9(M 7R @>MM7:( R> MM>$7R( Y7R5 ($5 ;>'(: MRR(  EU:7RR7X( M[MR(; MRR(D <
@LR7$U:L& />L R5( 7<7R7: MRR( R5( L(:R7><
[$4% 
9$4% A=DTSB
7M X:7'D
M R5( $><M7'(LR7><M >/ ($R7>< =DS 5X( M5>Y<& R5( $>;@:(R(<(MM >/ R5( ;>'(: 7M
 /U<';(<R: L(EU7L(;(<RD 5( />::>Y7<4 M($R7><M M5>Y 5>Y MR>$5MR7$ UR>;R
$< ( />U<' R5R @L>X7'(  $>;@:(R( '(M$L7@R7>< >/ R5( EU<R7M(' M[MR(;D

06&6? 389/==*1/ 1" @=1/1.1@9 7@/=*9 9D9=.9 D 9=1(9=*


@=1.=

57M <' R5( <(ZR M($R7><M 7<X(MR74R( 5>Y  EU<R7M(' M[MR(; $< ( '(M$L7(' [
 MR>$5MR7$ UR>;R>< A+D?TB
  $ K ( H ( L ( ( )! $Z$4%%% A=DT3B
Y5>M( MRR(& 7<@UR >L >UR@UR M(RM L( 7'(<R7$: R> R5( M(RM >/ EU:7RR7X( MRR(M& EU:76
RR7X( 7<@UR X:U(M >L EU:7RR7X( >UR@UR X:U(M& L(M@($R7X(:[D 5( ;>'(::7<4 @L>:(;
7M R> 0<' R5( (5X7>UL: L(:R7><  MU$5 R5R R5( UR>;R><  7M  $>;@:(R( ;>'(:
>/ R5( EU<R7M(' M[MR(;D 5(<& R5( UR>;R>< 7M :M> $::(' < 9>8>(/- >/ R5(
M[MR(; A=DSB& A=D3BD

@-*==*A .1--*/' 1" @=1/1.1@9 7@/=*9 9D9=.96 7LMR& < UR><>;>UM


EU<R7M(' M[MR(; A6  4B 7M $><M7'(L(' Y5>M( EU:7RR7X( MRR( $< ( ;(MUL('
A
:$7% 
9$7% BD 5( $><R7<U>UM6XL7:( @LR >/ R57M M[MR(; 7M 47X(< [
9$7 ' "%  )$9$7%%( 9$4% ) 2 A=DT1B
:$7%  9$7%E A=DTPB
5( EU<R7M(' M[MR(; M5>U:' ( '(M$L7(' [ R5( MR>$5MR7$ UR>;R><
  $ K ( ( )! $Z$4%%%
Y5(L(  '(<>R(M R5( MRR( RL<M7R7>< @L>7:7R[ A$/D ED A+D?+B />L B  4BD
M R5( M(R >/ UR>;R>< MRR(M $>7<$7'(M Y7R5 R5( M(R K >/ EU:7RR7X( MRR(M >/
R5( M[MR(; =DT1& 7< R5( 4L@57$: L(@L(M(<RR7>< ($5 @LR7R7>< >/ R5( MRR( M@$( 7M
MM>$7R(' Y7R5 < UR>;R>< MRR(D 57M 7M 7::UMRLR(' [ 74D =D?1 />L R5( EU<R7M('
R<9 M[MR(; Y7R5 = MRR( @LR7R7><MD
DO9 >X)W.].=.d.C] BF,.AX F5 Q`C]>X., XgX].BX 9ZI

ç²Ë

… ͈™Í“
É n ›
Ö

ç²Ö
{ x Ë
ç²¥
¥ Ö Ñ
ç
ç ç²Ö … ͈™Í“ ç²{ ç²Ë
¥
+ %+'+ .6C>]>FC F5 ]<. `]FB] X]].X 5FW ]<. Q`C]>X., ]C@
XgX].B

1.3-=/99 1" =( 7@-*==*A .1-6 < >L'(L R> 7::UMRLR( R5( ;(<7<4 >/ R5(
$>;@:(R(<(MM >/ R5( >R7<(' ;>'(:& UM( R5( ;>'(: />L  @L('7$R7>< >/ R5( EU:7RR7X(
(5X7>UL >/ R5( EU<R7M(' M[MR(; />L R5( R7;( 5>L7\><
4( 7+ [ '(R(L;7<7<4 R5(
MRR( RL8($R>L[ >/ R5( UR>;R><D MMU;( R5R R5( EU:7RR7X( 7<7R7: MRR(
9$4% >/
R5( EU<R7M(' M[MR(; 5M ((< ;(MUL('D 5(< R5( 7<7R7: @L>7:7R[ '7MRL7UR7>< >/
R5( UR>;R>< 7M 47X(< [

2 4 7/ Z 
92 />L M>;( 92 ) 2
)! $Z$4%  Z%
4 (:M(D
5( /URUL( MRR( RL8($R>L[ $< ( '(R(L;7<(' [ ED A+DT3B& Y57$5 />L R5( U6
R><>;>UM UR>;R>< L('M M
)! $!$4 EEE 7+ %%  $Z$7+ % ! Z$7+ 4 "%% 8 $Z$7+ 4 "% ! Z$7+ 4 1%% A=DTOB
8 $Z$"% ! Z$4%% 8 )! $Z$4%%E
5( (5X7>UL >/ R5( UR>;R>< 7<$:U'(M :: MRR( RL8($R>L7(M R5R >$$UL Y7R5 <><6
X<7M57<4 @L>7:7R[%
$7+ %  #!$4 EEE 7+ %  )! $!$4 EEE 7+ %% 2 4$ A=DT+B
 #$Z$4%( Z$"%( EEE( Z$7+ %%  A=DT=B
)! $Z$4%% 2 4
$Z$7 ' "% ! Z$7%% 2 4 />L 7  4( "( EEE7+ 4 "$ E
U( R> R5( ><(6R>6><( L(:R7>< (RY((< R5( EU:7RR7X( MRR(M >/ R5( EU<R7M(' M[M6
R(; <' R5( UR>;R>< MRR(M& R5( MRR( RL8($R>L7(M >/ R5( UR>;R>< $< ( 7<R(L6
@L(R(' '7L($R:[ M EU:7RR7X( MRR( RL8($R>L7(M >/ R5( EU<R7M(' M[MR(;%
!$4 EEE 7+ % 
$4 EEE 7+ % E A=DS]B
5( $>;@:(R(<(MM L(EU7L(;(<R >/ R5( ;>'(: $:7;M R5R 7/ R5( EU:7RR7X( MRR( RL6
8($R>L[
9Z_ DO >:CFX>X C, W.)FC6:`W]>FC F5 Q`C]>X., XgX].BX


$4 EEE 7+ %  $
9$4%  Z$4%(
9$"%  Z$"%( EEE(
9$7+ %  Z$7+ %%
$< ( 4(<(LR(' [ R5( EU<R7M(' M[MR(;& R5( RL8($R>L[
!$4 EEE 7+ %  $Z$4%( Z$"%( EEE( Z$7+ %%
5M R> (:><4 R> $7+ %D
</>LRU<R(:[& ED A=DS]B 7M <>R X:7' />L :: !$4 EEE 7+ %D 5( $>;@:(R(<(MM L(:6
R7>< A=DT?B 7;@:7(M R5R R5( EU<R7M(' M[MR(; ;[ <>R 4(<(LR( :: EU:7RR7X( MRR(
RL8($R>L[ R5R (:><4 R> R5( M(R $7+ %& UR R5(L( ;[ ( M>;( MRR( RL8($R>L7(M !
R5R R5( EU<R7M(' M[MR(; $<<>R />::>YD 5(M( L( R5( M@UL7>UM MRR( M(EU(<$(M >/
R5( ;>'(:D

9=8=*1/ 1" =( 9=1(9=* @=1.=1/6 5( 7<7R7: MRR( @L>7:7R[ '7MRL7UR7><
)! $Z$4%% <' R5( MRR( RL<M7R7>< L(:R7><  >/ R5( UR>;R>< 5X( R> ( $5>M(<
M> R5R R5( ;>'(: 7M $>;@:(R(D 5( EU(MR7>< 5>Y R> 0<' MU$5 < UR>;R>< />L 
47X(< EU<R7M(' M[MR(; 7M <MY(L(' 7< R5( />::>Y7<4 :(;;%
.. 062 41.3-= .1- 1" =( @=1/1.1@9 7@/=*9 9D9=.5
 9>/&9>( A>/,>/-   $ M ( ( )! $Z$4%%% (9  /,2+> ,/+ / >& A'
>/-/,/A9 6A->(9 9F9>, ( - /-+F ( >& /++/D(-% /-(>(/-9 8 9>(9!
$Z  ! Z% 2 4  )! $
9$"%  Z  !
9$4%  Z% 2 4 A=DS?B
)! $Z$4%  Z% 2 4 />L :: Z 
92 ( 92 )  2 E A=DSTB

 MR>$5MR7$ UR>;R>< R5R MR7M0(M R5(M( L(EU7L(;(<RM 7M $::(' < 9>8>(/- >/
R5( UR><>;>UM EU<R7M(' M[MR(;D
EUR7>< A=DSTB (<MUL(M R5R R5( UR>;R>< MRR(M& Y57$5 $>LL(M@><' R> @>MM76
:( EU:7RR7X( 7<7R7: MRR(M& 5X(  <><6X<7M57<4 @L>7:7R[D /
9$4% 7M 9<>Y<&
)! $Z$4%% 7M $5>M(< $$>L'7<4 R>

" />L Z$4% 
9$4%
)! $Z$4%%  A=DSSB
4 >R5(LY7M(D
/
9$4% 7M <>R 9<>Y<& R5( $><'7R7>< A=DSTB $< ( MR7M0(' [ MM>$7R7<4  @>M7R7X(
@L>7:7R[ Y7R5 :: @>MM7:( EU:7RR7X( 7<7R7: MRR(MD 5R 7M& 7/  M(R $4% < K 7M
X7::( Y57$5 7M 9<>Y< R> 7<$:U'( R5( RLU( X:U( >/
9$4% & R5( L(:R7><
)! $Z$4%  Z% 2 4 />L :: Z ) $4%
5M R> ( MR7M0('D
< >L'(L R> '(R(L;7<( R5( /U<$R7>< $Z  ! Z%& R5( X:U( >/
)! $
9$"%  Z  !
9$4%  Z%
7M '(R(L;7<(' />L :: @>MM7:( $>;7<R7><M >/ Z <' Z  [ ;(<M >/ R5( MRR(6M@$(
;>'(: A=DT1B >/ R5( $><R7<U>UM6XL7:( M[MR(; <' R5( '(0<7R7><M >/ R5( EU<R7M(LD
> '> R57M& MMU;( R5R R5( 7<7R7: MRR( 9$4% 7M U<7/>L;:[ '7MRL7UR(' >X(L R5( M(RM
DO9 >X)W.].=.d.C] BF,.AX F5 Q`C]>X., XgX].BX 9Z^

K $Z% <' '(R(L;7<( R5( @L>7:7R[ R5R


9$"%  Z  5>:'M />L 47X(< Z <' Z  D
>L :7<(L M[MR(;M 9$7 ' "%  9$7% Y7R5 L($R<4U:L @LR7R7><M R57M $< ( '><(
[ ;@@7<4 R5( $>L<(L @>7<RM >/ R5( M(R K $Z% [ @@:[7<4 R5( ;RL7Z  <' [
'(R(L;7<7<4 R5( 7<R(LM($R7>< >/ R5( L(MU:R7<4 M(R Y7R5 K $Z  %D >L <><:7<(L M[MR(;M
R5( $><'7R7><: @L>7:7R[ A=DS?B $< ( @@L>Z7;R(:[ '(R(L;7<(' [ ;@@7<4 
4L7' >/ 7<7R7: MRR(M <' H$>U<R7<4I R5>M( @>7<RM 9$"% R5R /:: 7<R> R5( M(R K $Z  %D

ç²Ë
…Ö͈™Í“

 
ç²Ö 

  


ç²¥



ç
ç ç²Ö …¥Íˆ™Í“ ç²{ ç²Ë

+ %+'/+ $X]W)]>FC F5  X]F)<X]>) `]FB]FC ,.X)W>$>C: ]<.


`]FCFBF`X ]C@ XgX].B

6#(" %+ /1.1#(' ( 1! 21('(&(2/ 1'$ /6/1&


FCX>,.W ]<. ]C@ XgX].B 5FW ]<. XB. )FC6:`W]>FC X >C >:O DOIiO >:`W. DOI[ X<FeX ]<.
BK F5 ]<. X.] $  ; +! F5 >C>]>A X]].X ]FeW,X ]<. X.]   $ ! e<>)< >C)A`,.X AA
X`)).XXFW X]].X / !O C FW,.W ]F ,.].WB>C. ]<. ]WCX>]>FC KWF$$>A>]g+ ]<. X.]   <X ]F $.
,.)FBKFX., >C]F ]<. X.]X  +  +  C,  e<.W. ]<. W.A]>FCX
   & ; !'    & ; !
   & ; !'    & ; )!
<FA,O <.C >] >X ,.].WB>C., e<>)< >C>]>A X]].X / 0! A., ]F  X]]. / ! !   O <. X.]
F5 X`)< X]].X >X ,.CF]., $g $ O <. XB. >X ,FC. 5FW / 0! ]<] g>.A, X`)).XXFW X]].X >C
 '  FW  + e<>)< W. X`BBW>X., >C]F ]<. X.]X $ ' $ FW $ + W.XK.)]>d.AgO <]
>X+ ]<. ]W?.)]FW>.X W. 5FAAFe., >C W.d.WX. ,>W.)]>FC A.,>C: ]F ]<. ,.)FBKFX>]>FC F5 ]<. X.]
; +! >C]F ]<. ,>X?F>C] X.]X $ ]F $ O <.C ]<. ]WCX>]>FC KWF$$>A>]g )C $. ,.].WB>C.,
X ]<. Q`F]>.C] F5 ]<. W.X F5 ]<.X. X.]X+ e<>)< W. :>d.C $g ]<. B.X`W. 6 /! F5 ]<.X. X.]X*
6 $ !
% / !
   / 0!
 +! 
6 $ !
6 $ !
% / !
 )  / 0!
 +! 
6 $ !
6 $ !
% / !
   / 0!
 +! 
6 $ !
9Z9 DO >:CFX>X C, W.)FC6:`W]>FC F5 Q`C]>X., XgX].BX

6 $ !
% / !
   / 0!
 +! 
6 $ !

FW. KW.)>X.Ag+ ]<.X. W.X W. ]<. .$.X:`. B.X`W.X F5 ]<. X.]XO
<.X. X].KX <d. ]F $. K.W5FWB., 5FW AA KW]>]>FCX ; U!+ U !
; O F]. ]<] ]<>X >Cd.X]>=
:]>FC >C)A`,.X FCAg ]<. $.<d>F`W F5 ]<. )FC]>C`F`X=dW>$A. XgX].B 5FW FC. ]>B. X].K L>O.O
5WFB 4  0 ]FeW,X 4  M+ A]<F`:< ]<. `]FB]FC )C $. `X., A].W ]F :.C.W]. X]].
]W?.)]FW>.X  0 AAA 4" ! F5 W$>]WWg A.C:]< 4" O 7
'

91/- (1* 1" =( 9== =8/9*=*1/ 381*-*=D6 EUR7>< A=DS?B $:7;M R5R
Y5(<(X(L R5( EU<R7M(' M[MR(; $< @(L/>L;  MRR( RL<M7R7>< /L>; R5( EU:7RR7X(
MRR( Z R>YL'M R5( EU:7RR7X( MRR( Z  R5(< R5( UR>;R>< 5M R> ( :( R> @(L/>L;
R5( M;( MRR( RL<M7R7><D M R5( UR>;R>< M5>U:' <>R ( UM(' ><:[ R> 4(<(LR(
 $>;@:(R( (5X7>UL UR :M> R> @L('7$R R5( @L>7:7R[ Y7R5 Y57$5 R5( Q @7LM
>$$UL& R5( RL<M7R7>< @L>7:7R[ 7M $5>M(< M />::>YM%
$Z  ! Z%  )! $
9$"%  Z  !
9$4%  Z%E A=DS3B
5(<& ED A=DTOB 47X(M < (MR7;R( >/ R5( @L>7:7R[ Y7R5 Y57$5  47X(< MRR( RL8($6
R>L[ ! 7M 4(<(LR(' 7/ R5( EU<R7M(' M[MR(;M 7M R 7  4 7<  47X(< EU:7RR7X( 7<7R7:
MRR(
9$4%  Z2 D 57M @L>7:7R[ 7M ><:[ < 9>(,> <' <>R R5( RLU( @L>7:7R[&
($UM( R5( L(:R7>< A=DT?B 7M& 7< 4(<(L:& <>R MR7M0(' Y7R5 R5( (EU:7R[ M74< <'
R5( M@UL7>UM RL8($R>L7(M L( @L('7$R(' Y7R5 <><6X<7M57<4 @L>7:7R[D (<$(& M>;(
<><6M@UL7>UM RL8($R>L7(M ;UMR ( MM>$7R(' Y7R5 7;@L($7M( @L>7:7R[ ;(MUL(MD
/R(<& 7<MR(' >/ R5( @L>7:7R[ >/ R5( Y5>:( MRR( RL8($R>L[ ! R5( @L>7:7R[ >/
 $(LR7< EU:7RR7X( MRR(
9$7% 7M R> ( @L('7$R('D EUR7>< A+DSTB& Y57$5 M7;@:70(M
/>L R5( UR><>;>UM $M( R> R5( L($ULM7X( L(:R7><
3
)! $Z$7'"%%  $Z$7'"% ! Z$7%% 8 )! $Z$7%%(
M".#&

$< ( UM(' R> '(R(L;7<( )! $Z$7'"%% />L R5( 47X(< R7;( 5>L7\>< 7  4( EEE( 7+ 4
"D 5( L(MU:R 47X(M < (MR7;R( >/ R5( @L>7:7R[ Y7R5 Y57$5 R5( EU:7RR7X( MRR(

9$7%  Z$7% 7M MMU;(' >< <[ MRR( RL8($R>L[ R5R R5( EU<R7M(' M[MR(; ;[
4(<(LR( />L R5( 47X(< EU:7RR7X( 7<7R7: MRR(D 5( $>;@:(R(<(MM @L>@(LR[ >/ R5(
EU:7RR7X( ;>'(: 7;@:7(M R5R ><:[ EU:7RR7X( MRR(M >/ R5( M(R
$7%  #
9$7%  )! $Z$7% 
9$7% % 2 4$
$< ( MMU;(' >L& X7$( X(LM& R5R R5( EU<R7M(' M[MR(; 7M 9<>Y< <>R R> MMU;( <[
EU:7RR7X( MRR(
9$7% />L Y57$5 R5( L(:R7><
)! $Z 
9$7% %  4
5>:'MD

d.C >5+ `C,.W d.Wg W.X]W>)]>d. )FC,>]>FCX+ ]<. W.A]>FC LDO_IM e.W. X]>X6., e>]< ]<. .Q`A=
>]g X>:C+ ]<. X]F)<X]>) `]FB]FC eF`A, g>.A, B.W.Ag C .X]>B]. W]<.W ]<C ]<. ]W`.
KWF$$>A>]g ,>X]W>$`]>FCXO
DO9 >X)W.].=.d.C] BF,.AX F5 Q`C]>X., XgX].BX 9Z7

6#(" %+ .#1#(' ( 1! -2%#11#3 /11 ( 1! 1'$ /6/1&


>:`W. DOIZ X<FeX ]<. Q`A>]]>d. X]]. ]W?.)]FWg F5 ]<. ]C@ XgX].B ]<] <X $..C :.C.W].,
$g B.CX F5 ]<. Q`A>]]>d. BF,.AO <. :W.g W.)]C:A.X X<Fe e>]< e<>)< KWF$$>A>]g ]<. :>d.C
Q`A>]]>d. X]]. >X XX`B., ] ]<. )FWW.XKFC,>C: ]>B. >CX]C]XO <>]. W.)]C:A.X Xg ]<] >] >X
>BKFXX>$A. ]<] ]<. Q`C]>X., ]C@ XgX].B XX`B.X ]<. )FWW.XKFC,>C: Q`A>]]>d. X]]. 5FW ]<.
]>B. >CX]C] 4 )FCX>,.W.,O <. )FBKA.].C.XX F5 ]<. BF,.A >BKA>.X ]<] ]<. Q`A>]]>d. X]].X
XX`B., $g ]<. ]C@ XgX].B ,`W>C: ]<. ]W?.)]FW>.X ,.K>)]., >C >:O DOZ W. XXF)>]., e>]<
 CFC=dC>X<>C: KWF$$>A>]g L:W.g $FfM >C >:O DOIZO <. KWF$$>A>]>.X F$]>C., $g B.CX F5
]<. Q`A>]]>d. BF,.A ,>55.W 5WFB ]<. ]W`. dA`.X ,.K>)]., >C >:O DOD $.)`X. ]<. X]F)<X]>)
`]FB]FC >X FCAg C KKWFf>B]. BF,.A F5 ]<. Q`C]>X., XgX].BO 7 '

›
n
É
Ë
ÅÏ>ÏiÍå

x
{
Ñ
Ö
¥
ç Ñ ÅÏi­Å Ë ›
+ %+'.+ `A>]]>d. X]]. ]W?.)]FWg F5 ]<. ]C@ XgX].B KW.,>)]., $g
B.CX F5 ]<. Q`A>]]>d. BF,.A

9=8=*1/ -'18*=(.96 5( '(R(L;7<R7>< >/ R5( L745R65<' M7'( >/ ED A=DS3B 7M
 <U;(L7$: @L>:(; >/ 7RM >Y<D 5( ;7< '7/0$U:R[ :7(M 7< R5( '(R(L;7<R7>< >/ R5(
M(R  >/ MU$$(MM>L MRR(M 9$"% />L  47X(< M(R 2  K $Z% >/ 7<7R7: MRR( 9$4%D
(X(L: ;(R5>'M 5X( ((< (:>LR('D
5( M7;@:(MR ;(R5>' UM(M  4L7' >/ @>7<RM '7MRL7UR(' U<7/>L;:[ >X(L R5( M(R
K $Z% <' '(R(L;7<(M R5( M(R >/ MU$$(MM>L MRR(M 9$"%D 5(< R5( <U;(L  >/
MRR(M Y7R5 R5( M;( EU:7RR7X( X:U(
9$"%  Z  7M >R7<(' <' R5( @L>7:7R[
@@L>Z7;R(' [ R5( L(:R7X( /L(EU(<$[ M />::>YM%

)! $
9$"%  Z  !
9$4%  Z%  E

5( :L4(L R5( <U;(L R5( (RR(L 7M R57M @@L>Z7;R7><D >Y(X(L& (X(< />L  :>Y
'[<;7$: >L'(L @  $9%  X(L[ :L4( <U;(L >/ 4L7' @>7<RM 5X( R> ( UM(' R>
4(R  L(M><:( @@L>Z7;R7><D
5( ;7< @L>:(; >/ @@:[7<4 R57M ;(R5>' 7M R5( /$R R5R R5( $>;@:(R(<(MM >/
R5( ;>'(: $<<>R ( (<MUL('D 5( L(M>< />L R57M 7M 47X(< [ R5( /$R R5R (X(< />L
 :L4( <U;(L >/ 4L7' @>7<RM <>R :: MRR( RL<M7R7><M Z 3 Z  L( />U<'D (<$(& R5(
:4>L7R5; [7(:'M
9Z[ DO >:CFX>X C, W.)FC6:`W]>FC F5 Q`C]>X., XgX].BX

)! $
9$"%  Z  !
9$4%  Z%  4
(X(< 7/ R5( MRR( RL<M7R7>< Z 3 Z  7M @>MM7:( />L R5( EU<R7M(' M[MR(;D
 $>;@:(R( ;>'(: $< ( >R7<(' [ < MRL$R7>< ;(R5>' R5R UM(M  7@M$57R\
$><'7R7>< />L R5( /U<$R7>< )D $$>L'7<4:[&  $><MR<R  7M '(R(L;7<(' MU$5 R5R
!!)$9% 4 )$9 %!! /  !!9 4 9 !!
5>:'M />L :: 9( 9 ) K $Z%D 5( ;7< 7'( >/ R57M MRL$R7>< ;(R5>' 7M R> ;@ 
MUM(R  : K $Z% Y57$5 L(MU:RM 7< R5( M(R
  #9$"% ! 9$"%  )$9$4%%( 9$4% ) $
>/ MU$$(MM>L MRR(MD <MR(' >/ '(R(L;7<7<4  &  MU@(LM(R  $< ( />U<' [ ;@6
@7<4 R5( $(<R(L @>7<R # >/  7<R> R5( @>7<R #  )$#% <' [ UM7<4 R5( 7@M$57R\
$><MR<R  />L '(R(L;7<7<4 < U@@(L >U<' >/ R5( '7MR<$( R5R <[ @>7<R 9$"% ;[
5X( /L>; R5( $(<R(L # D / K $Z% 7M @LR7R7><(' 7<R> MU/0$7(<R:[ M;:: M(RM & R5(
U<7>< >/ R5( M(RM  />U<' 7< R57M Y[ 7M  L(M><:( @@L>Z7;R7>< >/  D 5( '6
X<R4( >/ R57M ;(R5>' Y7R5 L(M@($R R> R5( @>7<R6;@@7<4 ;(R5>' '(M$L7(' >X(
L(MU:RM /L>; R5( /$R R5R  MU@(LM(R >/  7M />U<' <'& 5(<$(& <> EU:7RR7X( MRR(
RL<M7R7>< 7M ;7MM('D 5( ;>'(: >R7<(' 7< R57M Y[ 7M $>;@:(R(D
/ R5( /U<$R7>< ) 5M M@($70$ @L>@(LR7(M& M7;@:(L :4>L7R5;M $< ( UM('D >L (Z6
;@:(& 7/ ) 7M :7<(L
)$9%  9(
<' R5( EU<R7M(L 7<$:U'(M  L($R<4U:L @LR7R7><7<4 >/ R5( MRR( M@$(& 7R 7M MU/0$7(<R
R> ;@ R5( $>L<(L @>7<RM >/ K $Z% [ ;U:R7@:[7<4 R5(; [ R5( ;RL7Z D 5( @>7<RM
>R7<(' L( R5( $>L<(L @>7<RM >/  A$/D 74D =D?PBD

06&6> C=/9*1/9 =1 7@/=*9 9D9=.9 B*=( */3@= / 1@=3@=

5( MRL$R7>< ;(R5>' (Z@:7<(' 7< R5( @L($('7<4 M($R7>< />L UR><>;>UM M[MR(;M
M5>U:' ( (ZR(<'(' <>Y />L M[MR(;M Y7R5 7<@UR <' >UR@URD  MR>$5MR7$ UR>;R><
  $ K ( H ( L ( ( )! $Z$4%%%
7M UM(' Y5>M( MRR(& 7<@UR <' >UR@UR M(RM L( 7'(<R7$: R> R5( M(RM >/ EU:7RR7X(
MRR(M& EU:7RR7X( 7<@UR <' EU:7RR7X( >UR@UR X:U(M >/ R5( EU<R7M(' M[MR(;D 5(
(5X7>UL: L(:R7><  <' R5( 7<7R7: MRR( @L>7:7R[ 5X( R> ( $5>M(< $$>L'7<4
R> R5( />::>Y7<4 R5(>L(;D
DO9 >X)W.].=.d.C] BF,.AX F5 Q`C]>X., XgX].BX 9ZZ

(18. 062 41.3-= .1- 1" =( 7@/=*9 9D9=.5


 9>/&9>( A>/,>/- (9  /,2+> ,/+ / >& 6A->(9 9F9>, ( - /-+F (
>& /++/D(-% /-(>(/-9 8 9>(9!
$Z  ( V ! Z( U% 2 4
 )! $
9$"%  Z  (
:$4%  V !
9$4%  Z(
6$4%  U% 2 4 A=DS1B
)! $Z$4%  Z% 2 4 />L :: Z 
92 92 ) 2 A=DSPB

79( 7< R5( UR><>;>UM $M( A$/D ED A=DS3BB&  7M (MR $5>M(< $$>L'7<4 R>

$Z  ( V ! Z( U%  )! $
9$"%  Z  (
:$4%  V !
9$4%  Z(
6$4%  U%E A=DSOB

>R( R5R R5( L745R65<' M7'( >/ ED A=DS1B $< ( '(R(L;7<(' [ ;(<M >/ R5(
MRR(6M@$( ;>'(: A=DSB& A=D3B >/ R5( $><R7<U>UM6XL7:( M[MR(; <' R5( '(0<7R7><M
>/ R5( EU<R7M(LMD 5( 7<7R7: MRR( 9$4% <' R5( 7<@UR 6$4% L( '7MRL7UR(' >X(L R5(
M(RM K $Z% >L H $U% <' R5( RM9 7M R> '(R(L;7<( R5( @L>7:7R[ R5R
9$"%  Z  <'

:$4%  V 5>:'M />L 47X(< Z& U& Z  <' VD < @@L>Z7;R7>< >/  $< ( >R7<('
[ ;@@7<4  4L7' >/ 7<7R7: MRR(M />L M(:($R(' 7<@UR X:U(M <' H$>U<R7<4I R5>M(
@>7<RM 9$"% >L :$4% R5R /:: 7<R> R5( M(RM K $Z  % >L L $V%& L(M@($R7X(:[D
57M MRL$R7>< MR(@ $< ( (Z@:7<(' [ 47< UM7<4 74D =D?PD M <>Y '7//(L(<R
>UR@UR X:U(M (:><4 R> '7//(L(<R X:U(M >/ & R5( '($>;@>M7R7>< >/ R5( M(RM 2
<'  7<R> R5( M(RM 2" E E E 2" >L  " E E E  " & L(M@($R7X(:[& 5M R> ( L(0<('D
:: R5(M( M(RM 5X( R> ( /ULR5(L '($>;@>M(' $$>L'7<4 R> R5( >UR@UR
: R5R R5(
M[MR(; @L>'U$(M Y5(< 7R ;>X(M /L>; R5( M(R 2", R>YL'M R5( M(R  ", D 5( L(MU:R7<4
@LR7R7><M L( H<U;(L('I [ R5( >UR@UR V& Y57$5 :('M R> R5( <>RR7><M 2", $V% >L
 ", $V% <' R5( L(:R7><M
2",  @J$ 2", $V%
 ",  @J$  ", $V%
5>:'MD ULR5(L;>L(& R5( MRR( RL<M7R7><M 5X( R> ( $><M7'(L(' />L :: R5( @>MM7:(
7<@UR X:U(M UD 5(L(/>L(& R5( H'(@LRUL(I M(RM 2", <' R5( HLL7X:I M(RM  ", '(6
@(<' >< R5( 7<@UR U& Y57$5 7M M[;>:7M(' [ R5( ''7R7><: L4U;(<R% 2", $U( V% <'
 ", $U( V%D 5(< R5( (5X7>UL: L(:R7><  $< ( '(R(L;7<(' />L R5( MRR( RL<M76
R7>< MRLR7<4 7< R5( EU:7RR7X( MRR( / <' (<'7<4 7< R5( EU:7RR7X( MRR(M ( -(  >L
M />::>YM%
$V(  ! /( U%  )! $
:$4%  V(
9$"%   !
9$4%  /(
6$4%  U%
:$2" $U( V%%

:$K $/%%
9Z2 DO >:CFX>X C, W.)FC6:`W]>FC F5 Q`C]>X., XgX].BX

$V( - ! /( U%  )! $
:$4%  V(
9$"%  - !
9$4%  /(
6$4%  U%
:$2" $U( V%%

:$K $/%%
DD
D

06&6& 389/==*1/ 1" "@-=D 7@/=*9 9D9=.9

5( MRL$R7>< ;(R5>' '(X(:>@(' M> /L $< ( UM(' R> 0<'  $>;@:(R( ;>'(: />L
R5( /U:R[ EU<R7M(' M[MR(;D 5( '(M$L7@R7>< >/ R5( MR>$5MR7$ UR>;R>< 5M R> (
(ZR(<'(' M> M R> L(/(L R> R5( /U:R M < ''7R7><: 7<@UR A$/D 74D =D?B%
  $ M ( I ( J ( ' ( ( )! $Z$4%%%E A=DS+B
5( (5X7>UL: L(:R7>< $Z  ( V ! Z( U( / % 5M R> MR7M/[ R5( $><'7R7>< A=DS1B />L
47X(< /U:R / %
$Z  ( V ! Z( U( / % A=DS=B

 )! $
9$"%  Z (
:$4%  V !
9$4%  Z(
6$4%  U(
%  / %E

ç²Ë
… ͈™Í“
Ö

ç²Ö ™ž
͏i

>}
i
ç²¥
i>Ž
>}i
ç
ç ç²Ö … ͈™Í“ ç²{ ç²Ë
¥
+ %+'+ .] F5 X]].X F5 ]<. ]C@ XgX].B W.)<., e>]< C, e>]<F`]
5`A]

6#(" %+/ (% ( 1! 2%16 1'$ /6/1&


FW ]<. ]C@ XgX].B+  X]F)<X]>) `]FB]FC <X $..C F$]>C., $g B.CX F5 ]<. $X]W)]>FC
B.]<F, .fKA>C., >C ]<>X X.)]>FCO >:`W. DOI2 X<FeX ]<. X.] F5 X]].X W.)<., $g ]<. 5`A]A.XX
C, $g ]<. 5`A]g XgX].B 5FW 4   e<.C X]W]>C: >C / 0! ! ; +! 5FW ]<. >CK`] X>:CAX

 - C, P
 -O C ]<. 5`A]A.XX )X. ]<. W.:>FC Fd.WAKX e>]< ]<. W.:>FCX ' )'  C,
 F5 ]<. KW]>]>FC., X]]. XK).O
C ]<>X .fBKA.+ ]<. Q`C]>X., F`]8Fe F
F5 C@ _ >X )FCX>,.W., X F`]K`]O <. `]FB=
]FC :WK< 5FW ]<. 5`A]A.XX )X. C, 5FW ]<. $Fd. >CK`] >X X<FeC >C >:O DOIDO <. d.W]>).X
DO9 >X)W.].=.d.C] BF,.AX F5 Q`C]>X., XgX].BX 9ZD

  
  

 

 

  
  

  
  
 

 

  

  
  
  
     
  

  
 
  
 
 
 

  
  

  

  
  
 
 

+ %+'%+ `]FB]FC :WK< F5 5`A]A.XX ]C@ XgX].B L %


 M 5FW ]<.
>CK`] 
 - C, P
 -

  
  
 

  

  
  
  

 
 

 
 

  

    
  
 

  
  

  
  
 
 

  
+ %+29+ `]FB]FC :WK< F5 5`A]g ]C@ XgX].B L %
 -M 5FW ]<.
>CK`] 
 - C, P
 -
92i DO >:CFX>X C, W.)FC6:`W]>FC F5 Q`C]>X., XgX].BX

)FWW.XKFC, ]F ]<. Q`C]>X., X]].X X<FeC >C >:O DOI7O <. )FAF`W C, ]<>)@C.XX F5 ]<. .,:.X
,.CF]. ]<. ,>55.W.C] Q`C]>X., F`]K`] dA`.X+ 5WFB ]<>C $A)@ 5FW F
  ]F ]<>)@ A>:<] :W.g
5FW F
 +O <. .,:. A$.AX W.5.W ]F ]<. KWF$$>A>]g F5 ]<. ]WCX>]>FCO
FW  A.@:. %
 - ]<. Q`A>]]>d. $.<d>F`W F5 ]<. ]C@ XgX].B )<C:.X )FCX>,.W$Ag+
e<>)< )C $. X..C 5WFB ]<. ,>55.W.C). $.]e..C ]<. `]FB]FC :WK<X 5FW ]<. 5`A]A.XX C, ]<.
5`A]g XgX].BX >C >:XO DOID C, DO_iO 7'

5( /U:R / 
%$7% 7M UM(' 5(L( M < ''7R7><: AU<9<>Y<B 7<@UR R> R5( EU<6
R7M(' M[MR(;D < 4(<(L:& M>;( 7</>L;R7>< >UR R5( /L(EU(<$[ >/ R5( $5<4( >/ R57M
M74<: 7M 9<>Y< <' M5>U:' ( UM(' 'UL7<4 R5( '74<>M7MD 79( />L R5( MR>$5MR7$ U6
R>;R>< A$/D 74D +D= >< @4( S++B  /U:R ;>'(: 7M UM(' R> L(@L(M(<R R57M 7</>L;R7><
A74D =DT?BD

       

   

   

   

                  
  

             

   
   

+ %+2'+ `C]>X., XgX].B e>]< 5`A] BF,.A

5( /U:R 7M MMU;(' R> ( R5( >UR@UR >/ R5( MR>$5MR7$ UR>;R><
'  $ ' ( ' ( )! $/ $4%%% A=D3]B
Y57$5 7M $::(' R5( A+> ,/+D 5( RL<M7R7>< L(:R7>< ' '(M$L7(M R5( /U:R6MRR(
RL<M7R7>< @L>7:7R[
'  ' 5 ' 4
4( "
' $/  ! / %  L>$
%$"%  /  !
%$4%  / % ( A=D3?B
Y57$5 7M R5( $><'7R7><: @L>7:7R[ R5R R5( /U:R $5<4(M /L>;
%$4%  / R>YL'M

%$"%  /  Y7R57< ><( R7;( MR(@D 5( 6@L7>L7 @L>7:7R[ '7MRL7UR7>< >X(L R5( 7<7R7:
/U:R M(R 7M 47X(< [ )! $/ $4%%D
5( $>;7<R7>< >/ R5( MR>$5MR7$ UR>;R><& Y57$5 L(@L(M(<RM R5( EU<R7M(' M[M6
R(;& Y7R5 R5( /U:R ;>'(: 7M '(@7$R(' 7< 74D =DTTD R 7M  MR>$5MR7$ UR>;R><
DO7 ]]. F$X.Wd]>FC F5 Q`C]>X., XgX].BX 92I

      

 

        
   
            

+ %+22+ F,.A F5 ]<. Q`C]>X., XgX].B )FB$>C., e>]< ]<. 5`A]
BF,.A

0  $ M-( I ( J ( (
0 )! $0
Z $4%%% A=D3TB
Y5>M( MRR( M(R 7M 47X(< [ R5( LR(M7< @L>'U$R
M-  M 5 ' A=D3SB
0 $< ( >R7<(' /L>;  <' ' $$>L'7<4 R> R5(
<' Y5>M( (5X7>UL: L(:R7>< 
L(:R7><
0  ( /  ( V ! Z( /( U%  $Z  ( V ! Z( /( U% 8 ' $/  ! / %
$Z A=D33B
Y7R5 Z( Z  ) M & U ) I & V ) J <' /( /  ) ' A$/D EMD A+D3TB , A+D33BBD 57M
;>'(: Y7:: ( UM(' :R(L />L M>:X7<4 '74<>MR7$ RM9MD

'+ 11 (.-51!(& ( ,4&1!. .8.1%.

06$62 98A=*1/ .=(1

57M M($R7>< '(:M Y7R5 R5( MRR( >M(LXR7>< @L>:(; />L EU<R7M(' M[MR(;M 47X(<
7< ($R7>< =D?DTD 5( RM9 7M R> 0<' R5( $ULL(<R EU:7RR7X( MRR(
9$7+ % />L R5(
;(MUL(' M(EU(<$(M >/ 7<@UR X:U(M

 $4 EEE 7+ %  $
6$4% ( EEE(
6$7+ % %
<' >UR@UR X:U(M

 $4 EEE 7+ %  $
:$4% ( EEE(
:$7+ % %E
5( ;>'(:  UM(' />L M>:X7<4 R57M @L>:(; 7M R5( MR>$5MR7$ UR>;R><
  $ K ( H ( L ( ( )! $Z$4%%%
7<RL>'U$(' 7< ED A=DT3BD 5(L(/>L(& R5( >M(LXR7>< @L>:(; $< ( M>:X(' [ '76
L($R:[ @@:[7<4 R5( >M(LXR7>< ;(R5>' '(X(:>@(' 7< ($R7>< +DS Y5(L(
 $4 EEE 7+ % 7M L(@:$(' [
 $4 EEE 7+ %
 $4 EEE 7+ %
 $4 EEE 7+ % E A=D31B
92_ DO >:CFX>X C, W.)FC6:`W]>FC F5 Q`C]>X., XgX].BX

5( UR>;R>< MRR( Z$7% '(M$L7(M R5( EU:7RR7X( X:U(


9$7% >/ R5( M[MR(; MRR(
9D EUR7><M A+DP3B , A+DPPB [7(:'
4
$7+ % 8 )! $
9$7+ % ! 7+ 4"%

9$7+ '"%
)! $
9$7+ % ! 7+ %  4 A=D3PB
$7+ % 8 )! $
9$7+ % ! 7+ 4"%

9$7+ % (
9$7+ '"%
$7+  4( "( EEE%
Y7R5
4
$7+ 4"% 8 )! $
9$7+ 4"% ! 7+ 41%

9$7+ 4"%
)! $
9$7+ % ! 7+ 4"%  4
$7+ 4"% 8 )! $
9$7+ 4"% ! 7+ 41%

9$7+ % (
9$7+ 4"%
$7+  "( 1( EEE% A=D3OB

L>$
9$4% ! 4"%  L>$
9$4% %( A=D3+B
Y5(L( R5( L(X7R7><
$7+ %  $
9$7+ '"% (
:$7+ % !
9$7+ % (
6$7+ % %
5M ((< UM('D 5( M(R
$7+ ! 7+ %  #
9$7+ %  )! $
9$7+ % ! 7+ % 2 4$ A=D3=B
'(M$L7(M :: $ULL(<R EU:7RR7X( MRR(M
9$7+ % R5R R5( >M(LXR7>< ;(R5>' @L>X7'(MD

06$6? *9@99*1/ 1" =( 89@-=

5( L($ULM7>< L(:R7><M A=D3PB , A=D3+B 5X( ((< >R7<(' [ UM7<4 R5( L(:6
R7><M A+DP3B , A+DPPB '(X(:>@(' />L R5( MR>$5MR7$ UR>;R><& Y5(L( R5( L(X76
R7>< A+D1]B
)! $Z$7+ % ! 7+ %  )! $Z$7+ % !  $4 EEE 7+ %(  $4 EEE 7+ %%
5' ((< UM('D 5(L(/>L(& 7R 7M L(M><:( R> (Z@($R R5R )! $
9$7+ % ! 7+ % Y57$5
>$$ULM 7< EMD A=D3PB , A=D3+B 7M :79(Y7M( < L(X7R7>< >/ R5( @L>7:7R[
)! $
9$7+ % !
 $4 EEE 7+ % (
 $4 EEE 7+ % %
Y7R5 Y57$5 R5( EU:7RR7X( MRR(
9 $< ( MMU;(' [ R5( EU<R7M(' M[MR(; @L>6
X7'(' R5R R5( EU<R7M(' M[MR(; 5M 4(<(LR(' R5( Q @7L $
 $4 EEE 7+ % (
 $4 EEE 7+ % %D
>Y(X(L& R57M $><8($RUL( 7M <>R RLU(& ($UM( R5( MR>$5MR7$ UR>;R>< UM(' R> M>:X(
R5( >M(LXR7>< @L>:(; 7M ><:[  $>;@:(R( UR <>R  @L($7M( ;>'(: >/ R5( EU<R7M('
M[MR(;D 5(L(/>L(& R5( L(MU:R >R7<(' [ R5( >M(LXR7>< ;(R5>' $< ><:[ ( <
@@L>Z7;R7>< >/ R5( @L>7:7R[ R> ( />U<'%
)! $
9$7+ % ! 7+ %  )! $
9$7+ % !
 $4 EEE 7+ % (
 $4 EEE 7+ % % E A=D1]B
DO7 ]]. F$X.Wd]>FC F5 Q`C]>X., XgX].BX 92^

M  $><M(EU(<$(& R5( M(R $7+ ! 7+ % >R7<(' /L>; ED A=D3=B <((' <>R $>7<$7'(
Y7R5 R5( M>:UR7>< M(R >/ R5( >M(LXR7>< @L>:(; '(0<(' 7< ED A=D?B%
 $7+ ! 7+ %  #
9$7+ %  )! $
9$7+ % !
 $4 EEE 7+ % (
 $4 EEE 7+ % % 2 4$E
>Y(X(L& 'U( R> R5( $>;@:(R(<(MM >/ R5( ;>'(: R5( M(R  7M 9<>Y R> (  MU@(LM(R
>/  %
$7+ ! 7+ % =  $7+ ! 7+ % E A=D1?B

(18. 06? 498A=*1/ 1" 7@/=*9 9D9=.95


>& 9>/&9>( A>/,>/-  (9  /,2+> ,/+ / >& 6A->(9 9F9>, >&
6A+(>>(C 9>>
9$7+ % / >& 6A->(9 9F9>, +/-%9 >/ >& 9> $7+ ! 7+ %
98( F 65 3.5$.4 D&8 )! $
9$7+ % ! 7+ % (9 %(C- F 695 3.5$<4 
3.5$45

>L R5( @@:7$R7><& R57M R5(>L(; [7(:'M R5( />::>Y7<4 $><$:UM7><M%

181--8D 062 498A=*1/ 89@-= "18 =( 7@/=*9 9D9=.5


% & 6A->(9 9F9>, (9 *-/D- >/  (- 9/, 6A+(>>(C 9>>

9$7+ % ) $7+ ! 7+ %
- -/> >/  (- -F 9>>
9$7+ % 6) $7+ ! 7+ %5
% )! $
9$7+ % ! 7+ % (9 - 9>(,> / >& 28/(+(>F D(>& D&(& >& 6A->(9
9F9>, 99A,9 >& 9>>
9$7+ % 5

)38*18* ,/1B-' 1@= =( */*=*- 9==6 < 6@L7>L7 @L>7:7R[ '7MRL7UR7><
L>$
9$4% % 5M R> ( 9<>Y< R> 7<7R7:7M( R5( >M(LXR7>< ;(R5>'D M />L R5(
MR>$5MR7$ UR>;R><& 7R 7M ;>MR 7;@>LR<R R> (<MUL( R5R
)! $
9$4% % 2 4
5>:'M />L R5( RLU( EU:7RR7X( 7<7R7: MRR(
9$4% & Y57$5 7M U<9<>Y<D / <>R57<4 7M
9<>Y< >UR
9$4% &  4>>' $5>7$( >/ R5( 6@L7>L7 @L>7:7R[ '7MRL7UR7>< 7M R5(
U<7/>L; '7MRL7UR7>< >X(L R5( M(R K >/ :: EU:7RR7X( MRR(M
)! $
9$4% %  "O$ ' "% />L ::
9$4% ) K (
Y5(L(  '" 7M R5( <U;(L >/ EU:7RR7X( MRR(M '(0<(' [ R5( MRR( EU<R7M(LD

1/9*9=/= < 3*896 R 5M ((< '7M$UMM(' 7< '(R7: 7< ($R7>< +DSDS R5R MRR(
>M(LXR7>< @L>:(;M $< ( M>:X(' />L MR>$5MR7$ UR>;R ><:[ 7/ R5( ;(MUL('
929 DO >:CFX>X C, W.)FC6:`W]>FC F5 Q`C]>X., XgX].BX

Q @7L 7M $><M7MR(<R Y7R5 R5( UR>;R><D 5( M;( 5>:'M RLU( 5(L( />L R5( EU<6
R7M(' M[MR(;D >Y(X(L& R57M '>(M <>R @>M( <[ @L>:(;M& ($UM( R5( ;>'(: 7M M(R
U@ R> (  $>;@:(R( MRL$R7>< >/ R5( EU<R7M(' M[MR(;D 5(L(/>L(& <[ Q @7L R5R
R5( EU<R7M(' M[MR(; ;[ 4(<(LR( 7M $><M7MR(<R Y7R5 R5( MR>$5MR7$ UR>;R>< UM('
7< R5( >M(LXR7>< ;(R5>'D ><M(EU(<R:[& R5( '(<>;7<R>LM >$$ULL7<4 7< EMD A=D3PB
<' A=D3OB L( @>M7R7X( 7< ($5 L($ULM7>< MR(@D / R5([ ($>;( \(L>& (7R5(L R5( 6@L7>L7
9<>Y:('4( >UR R5( 7<7R7: MRR( YM YL><4& R5( ;(MUL(;(<RM 5M ((< @(LRUL('
[ M>;( '7MRUL<$(M <'& 5(<$(& ($;( 7<$><M7MR(<R Y7R5 R5( ;>'(: >L& />L M>;(
L(M><& R5( EU:7RR7X( ;>'(: 7M <>R $>;@:(R(D / R5( EU:7RR7X( ;>'(: 5M ((< >6
R7<(' [ R5( MRL$R7>< ;(R5>' 47X(< 7< ($R7>< =D3 R5( :RR(L M7RUR7>< $< ><:[
>$$UL 7/ R5( $><R7<U>UM6XL7:( MRR(6M@$( ;>'(: A=DSB& A=D3B 7M YL><4D

06$6> 98A=*1/ -'18*=(.

< R5( >M(LXR7>< :4>L7R5; R5( />::>Y7<4 L(X7R7><M L( UM('%


3$
9$7+ % %
3
 $7+ % 8 )! $
9$7+ % !
 $4 EEE 7+ 4 "% (
 $4 EEE 7+ 4 "% %
9".$ #

C. $
9$7+ % %  L>$
9$7+ % !
 $4 EEE 7+ % (
 $4 EEE 7+ % %
C? $
9$7+ '"% %  L>$
9$7+ '"% !
 $4 EEE 7+ % (
 $4 EEE 7+ % %
DO7 ]]. F$X.Wd]>FC F5 Q`C]>X., XgX].BX 927

-'18*=(. 062 98C>(/- +%/8(>&, /8 6A->(9 9F9>,9

*A/ >;@:(R( ;>'(:  >/ R5( EU<R7M(' M[MR(;D


6@L7>L7 7<7R7: MRR( @L>7:7R[ )! $
9$4% %D
/*=*-*9 C? $
9 %  )! $
9$4% %
7+  4D
1
?D (MUL(
6$7+ % &
:$7+ % D
TD >L ::
9 ) K '(R(L;7<(
4 
3$
9 %  9 
$
9 (
:$7+ % !
9 (
6$7+ % % 8 C? $
9 %D
4
SD / 9
3$
9 %  4 5>:'M& MR>@ R5( :4>L7R5; A7<$><M7MR(<R Q
@7L >L YL><4 7<7R7: MRR( '7MRL7UR7><BD
3$
9 %
3D >L ::
9 ) K '(R(L;7<( C. $
9 %  3 D
3$
9 %
9

1D >L ::
9 ) K '(R(L;7<(
3

6$7+ % % C? $
9 %
$
9 (
:$7+ % !
9 ( 
9


C? $
9 %  3 D
3$
9 %
9

PD (R(L;7<( $7+ ! 7+ %  #
9  C. $
9 % 6 4$D
OD 7+  7+ '"
><R7<U( Y7R5 R(@ ?D
(MU:R% C. $
9$7+ % %  L>$
9$7+ % !
 $4 EEE 7+ % (
 $4 EEE 7+ % % <'
$7+ ! 7+ % />L 7<$L(M7<4 R7;( 5>L7\>< 7+ D

6#(" %+. 11 (/.31#(' (  1'$ /6/1&


<. F$X.Wd]>FC A:FW>]<B >X CFe KKA>., ]F ]<. ]eF=]C@ XgX].B ,.X)W>$., >C .)]>FC _OI
>C ]<. Q`C]>X., )FC6:`W]>FC :>d.C >C .)]>FC DO9O C ]<. A.5]=<C, X>,. F5 >:O DO_^ ]<. X.=
Q`.C).  0 AAA 4" !
F5 B.X`W., Q`C]>X., >CK`] X>:CAX >X X<FeCO <. `KK.W X.Q`.C). )FWW.=
XKFC,X ]F ]<. dAd. KFX>]>FC 
LFK.C FW )AFX.,M C, ]<. AFe.W ]F ]<. Q`C]>X., K`BK >CK`]
P
O <. W>:<]=<C, X>,. F5 ]<>X 6:`W. X<FeX ]<. B.X`W., F`]K`] X.Q`.C).  0 AAA 4 " !
+
e<.W. ]<. F`]K`] )FWW.XKFC,X ]F ]<. Q`C]>X., F`]8Fe F
F5 C@ _O <. ]X@ >X ]F ,.].W=
B>C. 5WFB ]<.X. X.Q`.C).X ]<. Q`C]>X., X]].X / 4" !
] .)< ]>B. >CX]C] 4"  0' ' AAA 5FW
`C@CFeC >C>]>A X]]. X.] $ O
C ]<. A.5]=<C, X>,. F5 >:O DO_9 ]<. F$X.Wd]>FC W.X`A] F$]>C., $g ]<. $Fd. A:F=
W>]<B >X X<FeCO <. :W.g $Ff.X ,.K>)] ]<. KWF$$>A>]g ,>X]W>$`]>FCX % / 4 " !
 4" ! 5FW
92[ DO >:CFX>X C, W.)FC6:`W]>FC F5 Q`C]>X., XgX].BX

“i>ÅØÂi`Í·Ø>™ÏˆÅi`͞ØÏ­ØÏÍQáR
“i>ÅØÂi`Í·Ø>™ÏˆÅi`͈™­ØÏÍQØR

͞­
n
ÍV
ç Öç ÅiVž™`Å Éç ›ç
{²x
͞™
¥²x
žvv
ç Öç ÅiVž™`Å Éç ›ç ç Öç ÅiVž™`Å Éç ›ç
LM L$M
+ %+21+ `C]>X., >CK`] C, F`]K`] X.Q`.C).X `X., ]F XFAd. ]<. X]].
F$X.Wd]>FC KWF$A.B

› ›
·Ø>™ÏˆÅi`ÍÅÏ>ÏiÍQàR

·Ø>™ÏˆÅi`ÍÅÏ>ÏiÍQàR

n n
É É
Ë Ë
x x
{ {
Ñ Ñ
Ö Ö
¥ ¥
ç Öç ÅiVž™`Å Éç ›ç ç Öç ÅiVž™`Å Éç ›ç
LM L$M
+ %+2+ $X.Wd]>FC W.X`A] LA.5]M C, X]]. X.Q`.C). F5 ]<.
)FCX>,.W., .fK.W>B.C] LW>:<]M

4"  0' ' AAA 5FW ]<. D ,>55.W.C] Q`C]>X., X]].XO FW )FBKW>XFC+ ]<. X]]. X.Q`.C). F5 ]<.
.fK.W>B.C] 5FW e<>)< ]<. F`]K`] X.Q`.C). eX F$]>C., >X X<FeC FC ]<. W>:<]=<C, X>,. F5 ]<.
6:`W.O ] )C $. X..C+ ]<] ]<. F$X.Wd]>FC W.X`A] >X CFCh.WF >C ]<. X]].X F5 ]<. TW.AU X.Q`.C).
] AA ]>B.XO F]. ]<] ]<. X]]. X.Q`.C). F$]>C., >C ]<>X .fK.W>B.C] >X CF] ]<. FCAg KFXX>$A.
FC. g>.A,>C: ]<. B.X`W.B.C]X F5 >:O DO_^O Fe.d.W+ ]<. F$X.Wd]>FC W.X`A] >X :`WC].., ]F
)Fd.W AA KFXX>$A. X.Q`.C).XO 7 '

'+0 !&(.!. ( ,4&1!. .8.1%.

06;62 *'/19=* .=(1

57M M($R7>< '(:M Y7R5 R5( '74<>M7M >/ EU<R7M(' M[MR(;D > M>:X( R5( @L>:(;
47X(< 7< ($R7>< =D?DT& R5( /U:R
%$7+ % 5M R> ( '(R(L;7<(' />L R5( ;(MUL(' M(6
EU(<$(M >/ EU:7RR7X( 7<@UR X:U(M

 $4 EEE 7+ %  $
6$4% ( EEE(
6$7+ % %
DO[ >:CFX>X F5 Q`C]>X., XgX].BX 92Z

<' EU:7RR7X( >UR@UR X:U(M



 $4 EEE 7+ %  $
:$4% ( EEE(
:$7+ % %E
5( ;>'(: >/ R5( /U:R[ EU<R7M(' M[MR(; UM(' 5(L( 7M 47X(< [ R5( UR>;R><
0 )! $0
0  $ M-( I ( J ( ( Z $4%%%
'(0<(' 7< ($R7>< =D3D3D 5(L(/>L(& R5( '74<>MR7$ @L>:(; $< ( M>:X(' [ '7L($R:[
@@:[7<4 R5( '74<>MR7$ ;(R5>' '(X(:>@(' />L MR>$5MR7$ UR>;R 7< ($R7>< +D3
/R(L
 $4 EEE 7+ % 7M L(@:$(' [
 $4 EEE 7+ %
 $4 EEE 7+ %
 $4 EEE 7+ % E
7R5 R5(M( MUMR7RUR7><M& EMD A+D=?B , A+D=SB [7(:' R5( />::>Y7<4 L(MU:R%
)! $
%$7+ % ! 7+ %
4
$7+ % 8 ' $7+ % 8 )! $
%$7+ % (
9$7+ % ! 7+ 4 "%

".$ #
" ". #

 4
$7+ % 8 ' $7+ % 8 )! $
%$7+ % (
9$7+ % ! 7+ 4 "%
 
". #
" ".$ #

$7+  4( "( EEE% A=D1TB


Y7R5
)! $
%$7+ % (
9$7+ % ! 7+ 4 "%
4
$7+ 4 "% 8 ' $7+ 4 "% 8 )! $
%$7+ 4 "% (
9$7+ 4 "% ! 7+ 4 1%
".  #
" ".  #

 4
$7+ 4 "% 8 ' $7+ 4 "% 8 )! $
%$7+ 4 "% (
9$7+ 4 "% ! 7+ 4 1%
  
". #
" ".  #

$7+  "( 1( EEE% A=D1SB

L>$
9$4% (
%$4% ! 4 "%  )! $
%$4% % 8 )! $
9$4% % A=D13B
<' R5( L(X7R7><
$7+ %  $
9$7+ '"% (
:$7+ % !
9$7+ % (
6$7+ % (
%$7+ % % E A=D11B

06;6? *9@99*1/ 1" =( 89@-=

79( 7< R5( >M(LXR7>< :4>L7R5;& )! $


%$7+ % ! 7+ % '(R(L;7<(' [ R5(M( (EU6
R7><M 7M <>R 7'(<R7$: R> R5( @L>7:7R[ '7MRL7UR7>< >/ R5( $ULL(<R /U:R
%$7+ % & UR 7R
7M < @@L>Z7;R7><%
)! $
%$7+ % ! 7+ %  )! $
%$7+ % !
 $4 EEE 7+ % (
 $4 EEE 7+ % %E
5( M(R >/ /U:RM />L Y57$5 )! $
%$7+ % ! 7+ % 2 4 5>:'M 7M  MU@(LM(R >/ R5( M(R >/
/U:R $<'7'R(M R5R Y>U:' ( >R7<(' 7/ R5( 5[L7' ;>'(: >/ R5( EU<R7M(' M[MR(;
922 DO >:CFX>X C, W.)FC6:`W]>FC F5 Q`C]>X., XgX].BX

Y(L( UM(' R> M>:X( R5( '74<>MR7$ @L>:(; R5R ;[ L(::[ >$$UL 7< R5( EU<R7M('
M[MR(;D

(18. 06> 4*'/19*9 1" 7@/=*9 9D9=.95


>& 9>/&9>( A>/,>/-  (9  /,2+> ,/+ / >& 6A->(9 9F9>, >&
A+> >&> /A89 (- >& 6A->(9 9F9>,9 +/-%9 >/ >& 9>
 $7+ %  #
%$7+ %  )! $
%$7+ % ! 7+ % 2 4$( A=D1PB
D&8 )! $
%$7+ % ! 7+ % (9 98( F 695 3.5"@4  3.5"$45

>R( R5R R5( :4>L7R5; '>(M <>R 7<$:U'(  M7;U:R7>< >/ R5( M[MR(; (5X7>ULD
5( ;7< 7'( 7M R> '(R(L;7<( R5( @L>7:7R[ Y7R5 Y57$5 R5( M[MR(; 5M ;'( R5(
MRR( RL<M7R7><M R5R L( <($(MML[ R> @L>'U$( R5( $ULL(<R:[ ;(MUL(' >UR@UR />L R5(
$ULL(<R:[ ;(MUL(' 7<@URD

181--8D 06? 4*'/19=* 89@-=9 "18 =( 7@/=*9 9D9=.5


% & 6A->(9 9F9>, (9 *-/D- >/  9A)> >/ 9/, A+> / )  $7+ %5

% @-= ==*1/ /2 6)  $7+ % &/+9 >& 6A->(9 9F9>, (9 *-/D- >/ 


9A)> >/ 9/, A+> 3D&8 /2 -/>9 >& A+>+99 9F9>,45

% @-= */=*#=*1/  $7+ %  #/, $ (9  9(-%+>/- >& 9F9>, (9 *-/D- >/ 


9A)> >/ A+> /, 28/C( >&> >& /A88(-% A+> +/-%9 >/ >& 9>  5

M :><4 M  $7+ % 5M ;>L( R5< ><( (:(;(<R& R5( @L>7:7R[ )! $/ ! 7+ % '(6
M$L7(M < @@L>Z7;R7>< >/ R5( @L>7:7R[ R5R R5( /U:R / >$$ULMD

*'/19*-*=D 1" 7@/=*9 9D9=.96 5( L(MU:RM >< '74<>M7:7R[ >/ MR>$5MR7$
UR>;R @@:[ '7L($R:[ R> R5( EU<R7M(' M[MR(; 7/ R5( UR>;R>< L(@L(M(<RM  /,'
2+> ;>'(:D 5( EU<R7M(' M[MR(; 7M '74<>M:( Y5(<(X(L R5( UR>;R>< 7M '746
<>M:(D 5R 7M& 7/ R5( /U:R 7M '74<>M:( /L>; R5( :(MM @L($7M( ;>'(: 7R $< :M> (
'74<>M(' /L>; R5( @L($7M( L(@L(M(<RR7>< 47X(< [ R5( $><R7<U>UM6XL7:( ;>'(:
R>4(R5(L Y7R5 R5( EU<R7M(LM <' R5( 7<8($R>LD
DO[ >:CFX>X F5 Q`C]>X., XgX].BX 92D

06;6> *'/19=* -'18*=(.

5(M( L(MU:RM :(' R> R5( />::>Y7<4 '74<>MR7$ :4>L7R5; 7< Y57$5
 <'
 '(6
<>R( R5( M(EU(<$(M
 $4 EEE 7+ % <'
 $4 EEE 7+ % >/ :(<4R5 7+ ' "D 5( />::>Y7<4
L(X7R7><M L( UM('%
3$
%$7+ % (
9$7+ % %
3
 $7+ % 8 ' $7+ % 8 )! $
9$7+ % !
 $4 EEE 7+ 4 "% (
$4 EEE 7+ 4 "% %
".$ #
" ".$ #

C. $
%$7+ % (
9$7+ % %  )! $
%$7+ % (
9$7+ % !
 $4 EEE 7+ % (
$4 EEE 7+ % %
C? $
%$7+ '"% (
9$7+ '"% %
 )! $
%$7+ '"% (
9$7+ '"% !
 $4 EEE 7+ % (
$4 EEE 7+ % %

-'18*=(. 06? (%-/9(9 / 6A->(9 9F9>,9

*A/ >;@:(R( ;>'(:  >/ R5( EU<R7M(' M[MR(;D


U:R ;>'(: ' D
<7R7: MRR( @L>7:7R[ '7MRL7UR7>< )! $
9$4% %D
<7R7: /U:R @L>7:7R[ '7MRL7UR7>< )! $
%$4% %D
/*=*-*9=*1/ C? $
% (
9 %  )! $
%$4%  / %8 8)! $
9$4%  Z% />L ::
/ ) ' <' Z ) M
7+  4D
?D (MUL( R5( $ULL(<R 7<@UR
6$7+ %  U <' >UR@UR

:$7+ %  VD
TD >L ::
% ) ' <'
9 ) K '(R(L;7<(
4 
3$
% (
9 %  
"  $
9 (
:$7+ % !
9 (
% (
6$7+ % %8
 

 !
% % 8 C? $
% (
9 %D
8 ' $
%
4
SD / 
" 
3$
% (
9 %  4 5>:'M& MR>@ R5( :4>L7R5; A7<$><M7M6
R(<R Q @7L >L YL><4 7<7R7: '7MRL7UR7><MBD
3D >L ::
% ) ' <'
9 ) K '(R(L;7<(
3$
% (
9 %
C. $
% (
9 %  3 D
3$
% (
9 %

" 

9Di DO >:CFX>X C, W.)FC6:`W]>FC F5 Q`C]>X., XgX].BX

1D >L ::
% ) ' <'
9 ) K '(R(L;7<(
C? $
% (
9 % 
3

6$7+ % (
 % 8 ' $
% !
% %
$
9 ( V !
9 (  8 C? $
% (

9 %

 


" 
3 D
3$
% (
9 %
%
" 9

4
PD (R(L;7<( )! $
%$7+ % ! 7+ %  
C. $
% (
9 %D
OD (R(L;7<(  $7+ % $$>L'7<4 R> ED A=D1PBD
+D 7+  7+ '"
><R7<U( Y7R5 R(@ ?D
9@-= )! $
%$7+ % ! 7+ % <'  $7+ % />L 7<$L(M7<4 R7;( 5>L7\>< 7+ D

6#(" %+ # '(/#/ (  -2'1#/ 1'$ /6/1&


F ,.BFCX]W]. ]<>X ,>:CFX]>) A:FW>]<B+ ]<. ]C@ XgX].B F5 .)]>FC _OI >X )FCX>,.W., X 
Q`C]>X., XgX].BO C ]<. A.5]=<C, X>,. F5 >:O DO_7 ]<. X.Q`.C).  0 AAA 4 " !
F5 B.X`W.,
Q`C]>X., >CK`] dA`.X >X X<FeCO <. `KK.W X.Q`.C). )FWW.XKFC,X ]F ]<. dAd. KFX>]>FC  

C, ]<. AFe.W ]F ]<. Q`C]>X., K`BK >CK`] P


O <. W>:<]=<C, X>,. F5 ]<>X 6:`W. X<FeX ]<.
B.X`W., F`]K`] X.Q`.C).  0 AAA 4" !
+ e<>)< ,.X)W>$.X ]F ]<. Q`C]>X., F`]8Fe F
F5
C@ _O <. ]X@ >X ]F ,.].WB>C. 5WFB ]<.X. X.Q`.C).X ]<. `C@CFeC Q`C]>X., 5`A]  4!

%
] .)< ]>B. >CX]C] 4"  0' ' AAA+ 5FW `C@CFeC >C>]>A X]]. X.] $ O <. 5`A] >X XX`B.,
]F $. )FCX]C] ,`W>C: ]<. .fK.W>B.C]+ XF ]<] ]<. 5`A] BF,.A L2OD7M )C $. `X.,O
C ]<. A.5]=<C, X>,. F5 >:O DO_[ ]<. ,>:CFX]>) W.X`A] >X ,.K>)].,O ] >X X<FeC <Fe ]<.
KWF$$>A>]g ,>X]W>$`]>FC %  4" !
 4" ! )<C:.X 5FW 4"  0' ' AAAO C>]>AAg $F]< 5`A]X
<d. ]<. XB. KWF$$>A>]gO <. KWF$$>A>]>.X )<C:. e>]< >C)W.X>C: ]>B. <FW>hFC 4 " O 5].W
2 X].KX+ ]<. B.X`W., X.Q`.C).X W. FCAg )FCX>X].C] e>]< ]<. BF,.A 5FW ]<. 5`A]A.XX )X.
*
 + X<Fe>C: ]<] CF A.@:. F))`WW., >C ]<>X .fK.W>B.C]O <. )X. *
 - )FWW.XKFC,>C:
]F  A.@:. >C C@ I >X .f)A`,.,O 7 '

06;6& 1/#'@8=*1/ */ 9 1" 9/918 18 =@=18 "*-@89

/ M(<M>L >L $RUR>L /7:UL(M L( <>R 7<$:U'(' 7< R5( /U:R M(R  & R5( '74<>MR7$ :4>6
L7R5; =DT
4 MR>@M 7< R(@ S M M>>< M  /U:R[ M(<M>L >L $RUR>L $UM(M R5R R5( '(<>;6
7<R>L 
" 
3$
% (
9 % R> ($>;( \(L>D < R57M $M(& R5( /U:R[ M(<M>L >L $RUR>L
$< ( 7M>:R(' [ UM7<4 R5( >M(LX(L M$5(;(M 7<RL>'U$(' 7< ($R7>< +DOD ULR5(L6
;>L(& R5( '74<>MR7$ :4>L7R5; $< ( UR>;R7$::[ L($><04UL(' M '(M$L7(' 7<
($R7>< +DODTD 57M 7M 7::UMRLR(' [ R5( />::>Y7<4 (Z;@:(D

6#(" %+% 21(&1# .(' 2.1#(' ( # '(/#/


<. `]FB]>) W.)FC6:`W]>FC F5 ,>:CFX>X >X X<FeC `X>C: ]<. .fBKA. F5 ]<. ]eF=]C@ XgX].B
F5 .)]>FC _OIO )]`]FWX W. ]<. dAd.  e<>)< )C $. .>]<.W )AFX., FW FK.C., C, ]<. K`BK
 e<>)< )C $. Xe>])<., FC e>]< P  P)*' FW Xe>])<., F55 e>]< P  0O X KAC] 5`A]+ 
DO[ >:CFX>X F5 Q`C]>X., XgX].BX 9DI

“i>ÅØÂi`Í·Ø>™ÏˆÅi`͞ØÏ­ØÏÍQáR
“i>ÅØÂi`Í·Ø>™ÏˆÅi`͈™­ØÏÍQØR

͞­
n
ÍV
ç Öç ÅiVž™`Å Éç ›ç
{²x
͞™
¥²x
žvv
ç Öç ÅiVž™`Å Éç ›ç ç Öç ÅiVž™`Å Éç ›ç
LM L$M
+ %+2+ `C]>X., >CK`] C, F`]K`] X.Q`.C).X d>A$A. 5FW 5`A]
,>:CFX>X

›
i>Ž>}i

·Ø>™ÏˆÅi`ÍÅÏ>ÏiÍQàR

n
·Ø>™ÏˆÅi`Ív>؏ÏÍQiR

É
Ë
x
{
™žÍv>؏Ï

Ñ
Ö
¥
ç Öç ÅiVž™`Å Éç ›ç ç Öç ÅiVž™`Å Éç ›ç
LM L$M
+ %+2/+ >:CFX]>) W.X`A] LA.5]M C, F$X.Wd., X]].X LW>:<]M

A.@:. >C ]<. A.5] ]C@ >X )FCX>,.W.,O <. A.d.AX >C $F]< ]C@X W. B.X`W., $g B.CX F5 ]<.
,>X)W.]. A.d.A X.CXFWX ] ]<. KFX>]>FCX A.,>C: ]F ]<. X]].=XK). KW]>]>FC X<FeC >C >:O DO9O
FW X>BKA>6)]>FC+ ]<. ,>X)W.]. A.d.A X.CXFWX ] C@ I W. ]W.]., X Q`C]>X., A.d.A X.CXFW I
C, ]<FX. ] C@ _ X Q`C]>X., A.d.A X.CXFW _O <. XBKA>C: ]>B. >X  2  0 &O



###
 +"
'#
((#
'# +
((#

'#
((# ! +&
'#
((# !

+  +  &+ & %+  +
+  +  &+ & %+ 
LM
L$M
+ %+2.+ `C]>X., >CK`] X.Q`.C). LA.5]M C, 5`A]g >C].WdA
B.X`W.B.C]X F5 A.d.A X.CXFW I LW>:<]MO
9D_ DO >:CFX>X C, W.)FC6:`W]>FC F5 Q`C]>X., XgX].BX


 
&
+" +"

+

+& +&
+
+ +
+  +  &+ & %+  +  +  &+ & %+ 
LM L$M
+ %+2+ .Q`.C). F5 ]<. ]W`. Q`C]>X., A>Q`>, A.d.AX >C ]<. A.5] C,
W>:<] ]C@+ W.XK.)]>d.AgO

C C .fK.W>B.C]+ ]<. Q`C]>X., >CK`] X.Q`.C). X<FeC FC ]<. A.5]=<C, X>,. F5 >:O DO_Z
<X $..C KKA>., ]F ]<. ]C@ XgX].BO <>X g>.A,X ]<. X.Q`.C).X F5 Q`C]>X., ]C@ A.d.AX X<FeC
>C >:O DO_2O CX]., F5 ]<. )FWW.)] F`]K`] X<FeC FC ]<. A.5]=<C, X>,. F5 ]<. X.)FC, 6:`W.+
X.CXFW I g>.A,X ]<. X.Q`.C). X<FeC FC ]<. W>:<]=<C, X>,. F5 ]<. 6WX] 6:`W.O ] )C $. X..C ]<]
5WFB ]>B. 4  0 FCeW,X+ ]<. X.CXFW g>.A,X ]<. B.X`W.B.C] dA`. 0' 0A-! >C,.K.C,.C]Ag
]<. )]`A A.d.A >C ]<. A.5] ]C@O

 

####
(( ' !!  !! &

&




&
'$!!



+  +  &+ & %+  +  +  &+ & %+ 


LM L$M
+ %+2%+ >:CFX]>) W.X`A] 5FW ]<. KAC] 5`A] LA.5]M C, ,.CFB>C]FWX
F5 ]<. $AF)@X F5 ]<. :.C.WA>X., F$X.Wd.W X)<.B. LW>:<]MO

F ]<. B.X`W., X.Q`.C).X+ ]<. :.C.WA>X., F$X.Wd.W X)<.B. X<FeC >C >:O 2O_^ >X K=
KA>.,O `W]<.WBFW.+ ]eF $AF)@X 5FW )]`]FW X`K.Wd>X>FC X X<FeC >C >:O 2O_Z W. `X.,O <]
>X+ $.X>,.X ]<. ,>:CFX]>) W.X`A]+ ]<. 5F`W X>:CAX  4!+   4!+  4! C,   4! W.
,.].WB>C.,+ e<>)< )FWW.XKFC, ]F ]<. ,.CFB>C]FWX F5 ]<. ,>:CFX]>) $AF)@X e>]<F`] .CXFW
I+ .CXFW _+ )]`]FW I LdAd.M FW )]`]FW _ LK`BKM+ W.XK.)]>d.AgO <. ,>:CFX]>) W.X`A] >X
X<FeC FC ]<. A.5]=<C, X>,. F5 >:O DO_DO <. dA`.X F5 ]<. 5F`W ,.CFB>C]FWX W. X<FeC FC
]<. W>:<]=<C, X>,. F5 ]<. 6:`W.+ e<.W.  $A)@ $W >C,>)].X  CFCh.WF ,.CFB>C]FWO
WFB ]<. A.5]=<C, X>,. F5 >:O DO_D+ >] )C $. X..C ]<] `C]>A 4   ]<. ,>:CFX]>) A:FW>]<B
eFW@X )FWW.)]Ag C, ]<] ]<. 5`A]A.XX )X. >X >XFA]., 5FW `C@CFeC >C>]>A KAC] 5`A] 5].W 
5.e X].KXO ] 4  0+ e<.C .CXFW I $W.@X ,FeC+ ]<. ,.CFB>C]FW  I! F5 ]<. B>C ,>:=
CFX]>) $AF)@ $.)FB.X h.WFO <. ,>:CFX]>) $AF)@ g>.A,X CF 5`W]<.W ,>:CFX]>) W.X`A]X e<>)< >X
>C,>)]., $g ]<. e<>]. $WX 5WFB 4  0 FCeW,XO <. W>:<]=<C, X>,. F5 ]<. 6:`W. X<FeX ]<]
] 4  0+ ]eF F]<.W ,.CFB>C]FWX+ CB.Ag   4! C,  4!+ AXF $.)FB. h.WF >C,>)]>C:
]<] C.>]<.W  dAd. 5`A] CFW  5>A`W. F5 >C .CXFW _ )F`A, <d. )`X., ]<. >C)FCX>X].C)g e>]<
]<. BF,.A F5 ]<. B>C ,>:CFX]>) $AF)@O 5].W  5.e BFW. X].KX ] 4  + ]<. B.X`W., X.=
DO[ >:CFX>X F5 Q`C]>X., XgX].BX 9D^

Q`.C).X AXF $.)FB. >C)FCX>X].C] e>]< ]<. BF,.A ]<] <X CF W.:W, F5 ]<. K`BK >CK`]O <>X
>C,>)].X ]<] .CXFW I B`X] $. 5`A]g $.)`X. ]<. FCAg $AF)@ e<>)< >X X]>AA )FCX>X].C] e>]<
]<. B.X`W.B.C] X.Q`.C).X >X ]<. $AF)@ F5 ]<. :.C.WA>X., F$X.Wd.W X)<.B. ]<] ,F.X CF] `X.
]<. >C5FWB]>FC F5 .CXFW IO
d>C: >,.C]>6., ]<. 5`A]g )FBKFC.C]+ ]<. ,>:CFX]>) XgX].B >X W.)FC6:`W., XF ]<] FCAg
.CXFW _ >X `X., 5FW ,>:CFX>XO `)<  ,>:CFX]>) $AF)@ >X AW.,g >C)A`,., >C ]<. :.C.WA>X.,
F$X.Wd.W X)<.B.O <. KWF$$>A>]>.X F5 ]<. KAC] 5`A]X ,.].WB>C., $g ]<>X $AF)@ W. X<FeC FC
]<. A.5]=<C, X>,. F5 >:O DO_D 5WFB ]>B. 4   FCeW,XO F]. ]<] ]<. C.e ,>:CFX]>) $AF)@
>BKA>)>]Ag K.W5FWBX  X]]. F$X.Wd]>FC F5 ]<. A.d.A >C C@ IO
] ]>B. 4  +  A.@:. F))`WX >C ]<. A.5] ]C@ C, >X KW.X.C] `C]>A ]<. .C, F5 ]<. .fK.W>=
B.C]O ] )C $. X..C ]<] 5].W XFB. ]>B.+ ]<>X KAC] 5`A] >X >,.C]>6.,O Fe.d.W+ ]<. W.)FC6:=
`W., ,>:CFX]>) XgX].B <X  AFe.W K.W5FWBC). $.)`X. >] F$]>CX A.XX >C5FWB]>FC ,`. ]F ]<.
AFXX F5 .CXFW IO 5 .CXFW I eX X]>AA FK.W]>C:+ ]<. A.@:. )F`A, $. ,.].)]., AW.,g ] ]>B.
4   e<.C ]<. A.d.A >C ]<. A.5] ]C@ ,.)W.X.X 5FW  )AFX., )FCC.)]>C: dAd.+ )5O >:O DO_Z
LA.5]M C, >:O DO_2 LA.5]MO <. W.)FC6:`W., X)<.B. >X XAFe.W $`] AAFeX ]<] ]<. ,>:CFX>X )C
$. )FC]>C`., ]<F`:< ]<. FW>:>CA ,>:CFX]>) $AF)@ )F`A, CF AFC:.W $. `X., 5WFB ]>B. 4  0
FCeW,XO 7 '

06;6$ C=/9*1/9 / 33-*=*1/ C.3-9


*'/19*9 1" =8/9*/= "@-=96 5( '74<>MR7$ @L>:(; '(:R Y7R5 M> /L $><$(L<('
R5( RM9 R> 0<' R5( $ULL(<R /U:R / $7+ % [ UM7<4 R5( ;(MUL(' Q @7LD 5( M>:UR7><
R> R57M @L>:(; 7M <>R @@L>@L7R( 7/ R5( /U:R 7M @@L(<R 7< R5( ;(MUL(;(<RM ><:[
/R(L M>;( R7;( '(: L<M7(<R /U:RM& Y57$5 XL[ EU7$9:[ 7< R7;(& L(@L(M(<R MU$5
/U:RM& Y5(L( R5( ;>;(<R >/ R5( /U:R >$$ULL(<$( :7(M M(X(L: R7;( 7<MR<RM (/>L( R5(
(//($RM >/ R5( /U:R ($>;( ;(MUL:(D
> U<'(LMR<' R5( '7//(L(<$( Y7R5 L(M@($R R> R5( '74<>MR7$ @L>:(; R$9:(' U<R7:
<>Y& L(;(;(L R5R R5( /U:R 7M '(M$L7(' [ R5( M(EU(<$(
 $4 EEE 7+ %  $/ $4%( / $"%( / $1%( EEE( / $7+ %%
<' R5R U<R7: <>Y ><:[ R5( :MR (:(;(<R >/ R57M M(EU(<$( 5M R> ( />U<'D / R5( /U:R
($>;(M HX7M7:(I /L>; R5( ;(MUL(;(<RM ><:[ /R(L M>;( R7;( '(:[& R R7;( 7 + R5(
RM9 R> ( M>:X(' 7M R> 0<' :: @>MM7:( M(EU(<$(M  $4 EEE 7+ % <' R> '($7'( Y5(R5(L
R5(M( M(EU(<$(M 7<$:U'( /U:RM / $7+ 4 7% 6 /2 R5R >$$ULL(' 7 R7;( 7<MR<RM 4>&
Y5(L( /2 47< '(<>R(M R5( /U:R:(MM >@(LR7>< ;>'( >/ R5( M[MR(;D
M  $><M(EU(<$(& R5( @L>:(; 5M R> ( @>M(' 7< MU$5  Y[ R5R :: @>MM7:( /U:R
M(EU(<$(M  $4 EEE 7+ % 5X( R> ( />U<' />L Y57$5 R5( ;(MUL(' Q @7L $
 (
 %
(:><4M R> R5( M[MR(; (5X7>UL  $7+ % >/ R5( EU<R7M(' M[MR(;D 5(< 7R 7M 9<>Y<
R5R R5( M(EU(<$(  $4 EEE 7+ % $< 5X( 5@@(<(' <'& $><M(EU(<R:[& R5( /U:RM >$$UL6
L7<4 7< R57M M(EU(<$( ;[ 5X( >$$ULL(' R R5( $>LL(M@><'7<4 R7;( 7<MR<RMD
5( '74<>MR7$ ;(R5>' (Z@:7<(' 7< R57M $5@R(L $< ( (ZR(<'(' R> M>:X( R57M
@L>:(;D 5( ;7< 7'( L(;7<M R5( M;( UR R5( MU;;R7>< >$$ULL7<4 7< R5( />L6
;U:M 5X( R> ( ;'( >X(L :: @>MM7:( /U:R M(EU(<$(M  $4 EEE 7+ %D

*'/19*9 1" *98=)A/= 7@/=*9 9D9=.96 57M $5@R(L $><$(L<(' '7M$L(R(6


R7;( EU<R7M(' M[MR(;M& Y5>M( $><R7<U>UM6XL7:( $>L( $< ( '(M$L7(' [ R5(
9D9 DO >:CFX>X C, W.)FC6:`W]>FC F5 Q`C]>X., XgX].BX

EMD A=DSB& A=D3B Y7R5 47X(< M;@:7<4 R7;(D >Y(X(L& <>R5(L X7(Y@>7<R $< (
'>@R(' $><$(L<7<4 R5( R(;@>L: EU<R7MR7><D /  $><R7<U>UM6R7;( M[MR(; 7M $><6
M7'(L('& R5( EU<R7M(L ;[ <>R ><:[ '(R(L;7<( R5( $ULL(<R EU:7RR7X( MRR(& UR 7R
;[ :M> 7'(<R7/[ R5( R7;( 7<MR<RM R Y57$5 R5(M( EU:7RR7X( X:U(M $5<4(D 5(<
R5( $><R7<U>UM6R7;( $><R7<U>UM6XL7:( M[MR(; H;>X(MI Y5(<(X(L 7RM >UR@UR RL6
8($R>L[ :$P% $L>MM(M  >L'(L (RY((< RY> '8$(<R >UR@UR M@$( @LR7R7><M  L $4%
<' L $6%D  $5<4( >/ R5( EU:7RR7X( X:U(
: 7M $::(' < (X(<RD
5( ;7< 7'(M '(M$L7(' 7< R57M $5@R(L $< ( UM(' R> '74<>M( '7M$L(R(6(X(<R
EU<R7M(' M[MR(;MD 5(<& R5( MR>$5MR7$ UR>;R>< '(M$L7(M R5( M(EU(<$( >/ '7M6
$L(R( (X(<RM 4(<(LR(' [ R5( EU<R7M(' M[MR(;D 5( '74<>MR7$ :4>L7R5; $< (
'7L($R:[ @@:7(' 7/ R5( 7<R(L/$( (RY((< R5( EU<R7M(' M[MR(; <' R5( :4>L7R5; 7M
;>'70(' MU$5 R5R R5( Q M(EU(<$(M L( $>;@>M(' >/ (X(<RM LR5(L R5< >/ EU:7R6
R7X( 7<@UR <' >UR@UR X:U(M >R7<(' [ M;@:7<4D
:R5>U45 R5( ;7< 7'(M L( R5( M;(& R5( L(MU:RM ;[ '7//(L $><M7'(L:[D 5(
L(M>< />L R57M 7M 47X(< [ R5( /$R R5R MR>$5MR7$ UR>;R >/ '7M$L(R(6(X(<R EU<6
R7M(' M[MR(;M 5X( <> 7</>L;R7>< >UR R5( R(;@>L: '7MR<$( >/ R5( (X(<RM& UR R57M
R(;@>L: '7MR<$( ;[ ( '($7M7X( />L R5( '74<>M7:7R[D
5(L(/>L(& R7;(' '7M$L(R(6(X(<R ;>'(:M M& />L (Z;@:(& M(;76 L9>X @L>$(MM(M
5X( R> ( UM('D U$5 ;>'(:M $< ( M(R U@ 7<  M7;7:L Y[ M '(M$L7(' 7< ($6
R7>< =D3 7/ R5( @L>7:7R[ >/ R5( >$$ULL(<$( >/ (X(<RM L( (X:UR(' :M> Y7R5 L(6
M@($R R> R5(7L >$$ULL(<$( R7;(MD 5( '74<>MR7$ :4>L7R5; @L(M(<R(' />L MR>$5MR7$
UR>;R $< ( (ZR(<'(' R> R57M 97<' >/ ;>'(:MD

33-*=*1/ C.3-96 5( ;(R5>'M '(M$L7(' 7< R57M $5@R(L 5X( ((< @@:7(' R>
'7//(L(<R :>LR>L[ (Z@(L7;(<RM <' @L$R7$: @L>:(;MD
% *'/19*9 1"  =( 38199 5( (Z;@:( UM(' R> 7::UMRLR( R5( ;(R5>'M
R5L>U45>UR R57M $5@R(L @L(M(<RM  5[L7' M[MR(; Y7R5 MY7R$57<4 '[<;7$MD

% *'/19*9 / "@-=)=1-8/= 1/=81- 1"  /@=8-*9=*1/ 38199 <[ 7;@>L6


R<R M74<:M R5R >$$UL 7< R5( @L>$(MM 7<'UMRL[ L( <>R @L($7M(:[ ;(MUL:( >L (X(<
7;;(MUL:(D  <(URL:7MR7>< @L>$(MM 5M ((< UM(' R> '(;><MRLR( R5( @@:76
$7:7R[ >/ R5( >M(LXR7>< <' '74<>MR7$ ;(R5>'MD 5( /U:R6R>:(L<R $><RL>: >/
 @LR >/ R57M @L>$(MM 7M '(M$L7(' 7< ($R7>< ?]DTD

% *'/19*9 1" / . 1.389918 >L :L4( 7<'UMRL7: $>;@L(MM>L M[MR(;M& <>


EU<R7RR7X( ;>'(: A=DSB& A=D3B 7M X7::(D [ @@L>Z7;R7<4 R5( (5X7>UL: L(6
:R7>< [ R5( L(:R7X( /L(EU(<$[ Y7R5 Y57$5 R5( M[MR(; U<'(L $><M7'(LR7>< 5M
$5<4(' 7RM EU:7RR7X( MRR( 'UL7<4 7RM >@(LR7>< >X(L M(X(L: [(LM&  MR>$5MR7$
UR>;R>< M EU:7RR7X( ;>'(: >/ R5( $>;@L(MM>L M[MR(; 5M ((< >R7<(' <'
UM(' />L ><6:7<( '74<>M7MD

% *'/19*9 1" =( 31B8 9=' 1"  *9- /'*/ UR>;>R7X( M[MR(;M 5X( EU7$9
'[<;7$M <'& 5(<$(& LR5(L MRL><4 L(:6R7;( $><MRL7<RM />L '74<>M7MD 5( EU<6
R7M(' M[MR(; @@L>$5 5M R5( 'X<R4( >/ L('U$7<4 R5( 7</>L;R7>< X7::(
DO[ >:CFX>X F5 Q`C]>X., XgX].BX 9D7

R> R5R Y57$5 7M <($(MML[ R> M>:X( R5( '74<>MR7$ RM9D (:R Y7R5 M  '7M$L(R(6
(X(<R EU<R7M(' M[MR(;& R5( @>Y(L MR4( >/  '7(M(: (<47<( 5M MU$$(MM/U::[ ((<
(EU7@@(' Y7R5  '74<>MR7$ ;>'U:(D

6#(" %+'9 # '(/#/ ( 1! #. )1! (  #/% ' #'
WFe>C: ,.BC,X FC `]FBF$>A.X >C ].WBX F5 W.A>$>A>]g+ .)FCFBg+ C, X5.]g C.).XX>].
X.d.W. >BKWFd.B.C]X F5 `]FB]., FC=$FW, ,>:CFX>XO F :`WC].. AFe .B>XX>FC A.d.AX
]<. ,>:CFX>X F5 ]<. >C?.)]>FC+ )FBKW.XX>FC+ C, )FB$`X]>FC KAgX  @.g WFA.O <>X .fBKA.
)FC).WCX ]<. Q`A>]]>d. ,>:CFX>X F5 ]<. >W K]< F5  ,>.X.A .C:>C. e>]<  X>C:A. ]`W$F )<W:.W
L>:O DO^iMO

 




  


 

 







 
+ %+19+ >W K]< F5  ,>.X.A .C:>C.

<. >W K]< )FCX>X]X F5 ]<. 5FAAFe>C: )FBKFC.C]X L>:O DO^iM*

 F]=e>W. >W 8Fe B.].W L M* .X`W.B.C] F5 ]<. >C)FB>C: >W 8FeO
 FBKW.XXFW* FBKW.XX>FC F5 ]<. >C)FB>C: >W 8FeO
 C].W)FFA.W* FFA>C: F5 ]<. )FBKW.XX., >W ]F >C)W.X. ]<. ,.CX>]gO
 FC]>C.W* A.C,>C: F5 ]<. )FBKW.XX., >W e>]< KW]X F5 ]<. eX]. :XO
 gA>C,.W* FB$`X]>FC F5 ]<. 5`.A C, >WB>f 5WFB ]<. )FC]>C.WO
 f<`X] :X W.)>W)`A]>FC dAd. L dAd.M* FC]WFA F5 ]<. K.W).C]:. F5 ]<. W.)>W)`A].,
.f<`X] :XO
 `W$>C.* W>d>C: ]<. )FBKW.XXFWY .Q`>KK., e>]<  dW>$A. ]`W$>C. :.FB.]Wg LMO
 f<`X] K>K.* <CC.AA>C: F5 ]<. eX]. :X ]F ]<. F`]X>,.O
<. >W K]< >X X`$?.)] ]F ]<. >CK`] X>:CAX ; L.C:>C. XK..,M+ 9 L5`.A 8Fe K.W X]WF@.M+
 L.55.)]>d. W. F5 ]<.  dAd.M C,    L.55.)]>d. W. F5 ]<. ]`W$>C.MO <. 5FA=
AFe>C: F`]K`] X>:CAX )C $. B.X`W.,* F L>C)FB>C: >W 8FeM+ ? LKW.XX`W. >C ]<. )FC]>C.WM
C,  L].BK.W]`W. >C ]<. )FC]>C.WMO <. )FC]>C`F`X=dW>$A. X]].=XK). BF,.A LDO^M+ LDO9M
<X X.d.C X]]. dW>$A.X+ 5F`W >CK`] C, ]<W.. F`]K`] X>:CAX L>:O DO^IMO
9D[ DO >:CFX>X C, W.)FC6:`W]>FC F5 Q`C]>X., XgX].BX

 


 
  
+ %+1'+ AF)@ ,>:WB F5 ]<. >W K]<

<. XK.)>A X]W`)]`W. F5 ]<. >W K]< W.X`A]X >C  X]WFC: )F`KA>C: BFC: ]<. ,>55.W.C] XgX].B
X]].XO <. W.)>W)`A]., .f<`X] :X 55.)]X ]<. >WB>f ]<] X]W.BX >C]F ]<. .C:>C. $g )<C:>C:
>]X ].BK.W]`W.+ KW.XX`W.+ C, Ffg:.C )FC].C]O C ]`WC+ ]<. >WB>f >C8`.C).X ]<. .f<`X] :X
]<] >X A.d>C: ]<. .C:>C.O  X.)FC, 5..,$)@ >X W.A>X., ]<WF`:< ]<. ]`W$F )<W:.WO ] )F`KA.X
]<. >CK`] >W 8Fe e>]< ]<. .f<`X] :X 8FeO
`A]X ]<] F))`W >C ]<. )FBKFC.C]X F5 ]<>X XgX].B >C8`.C). ]<. .B>XX>FC+ e<>)< >X X`$?.)]
]F A.:A W.X]W>)]>FCXO <.W.5FW.+ ]<. X.CXFW C, )]`]FW 5`A]X A>X]., >C ]<. ]$A. $.AFe <d.
]F $. )FCX>,.W., 5FW ,>:CFX>XO <. ,>:CFX]>) ]X@ >X ]F ,.].)] 5`A]X >C ]<. >W XgX].B C, ]F
>,.C]>5g ]<. 5`A]X - ]<WF`:<] - $g `X>C: B.X`W.B.C] X.Q`.C).X F5 ]<. X.CXFWX C, >CK`]
X.Q`.C).X ]F ]<. )]`]FWX B.C]>FC., $Fd.O

`A] `A] ,.X)W>K]>FC


-$ `A]A.XX FK.W]>FC
-  F55X.] Pi+i_ @:\X
-  $W.@,FeC i+iiiI @:\X
-  ,W>5] =_i
-  $AF)@., )AFX.
-
 $AF)@., FK.C
-  =X.CXFW ,W>5] P^i
-  =X.CXFW ,W>5] =^i
- ? =X.CXFW ,W>5] P^i
- ? =X.CXFW ,W>5] =^i

<. >WK]< >X )FCX>,.W., X  Q`C]>X., XgX].BO FW AA B.X`W., X>:CAX+  KW>]>FC F5 ]<.
X>:CA XK). >X >C]WF,`).,O FW .fBKA.+ 5FW ]<. >W 8Fe F X>f W.:>FCX X]W]>C: 5WFB Sd.Wg
AFeS `K ]F SBf>B`BS W. ,>X]>C:`>X<., 5].W ]<. ,>X)W.]>X]>FC L>:O DO^_MO <. ,W@ FW A>:<]
W.)]C:A.X >C,>)]. >C e<>)< >C].WdA ]<. X>:CA F A>.X ] ]<. W.XK.)]>d. ]>B. >CX]C]O X )C
$. X..C >C ]<. 6:`W.+ ]<. ]W?.)]FW>.X F5 ]<. X>:CA F 5FW ]<. ]eF 5`A] )X.X -$ C, - )C $.
,>X]>C:`>X<., .X>Ag >C XK>]. F5 ]<. WF`:< ,>X)W.]>X]>FCO
FW ]<. .dA`]>FC F5 ]<. ,>:CFX]>) B.]<F,+ ]<. >CK`] X>:CAX 5WFB ].X] X.W>.X e>]< C
.fK.W>B.C]A )W <d. $..C `X.,O C ]<. ].X]X ]<.  dAd. eX )AFX.,+ e<>)< eX ,FK].,
X  BF,.AA>C: XX`BK]>FCO
<. Q`A>]]>d. BF,.A <X $..C ,.].WB>C., $g ]<. $X]W)]>FC A:FW>]<B .fKA>C., >C .)=
]>FC DO9O

-3"0-+ <. W.X`A]X F$]>C., $g ,>:CFX>C: ]<. ,>55.W.C] 5`A]X W. $W>.8g KW.X.C]., >C ]<.
5FAAFe>C:O ] <X ]`WC., F`] ]<] ]<. 5`A]X - + - 3 - W. d.Wg .Xg ]F $. ,>:CFX., C,
]<.W.5FW. ]<. ]].C]>FC >X 5F)`X., FC ]<. W.B>C>C: 5`A]XO <. ,>:CFX]>) W.X`A] ,.X)W>$.X ]<.
KWF$$>A>]g 5FW ]<. F))`WW.C). F5 .)< 5`A]+ e<>)< >X BW@., $g ]<. >C].CX>]g F5 ]<. $WX >C
]<. 5FAAFe>C: ,>:WBXO
>:`W. DO^^ X<FeX ]<. ,>:CFX]>) W.X`A] 5FW ]<. 5`A]A.XX )X. -$ O <. 5`A]A.XX FK.W]>FC >X
`CB$>:F`XAg W.)F:C>X.,O 5].W X]W]>C: ]<. ,>:CFX>X ] ]>B. i ]<. 5`A]A.XX )X. >X ]<. BFX]
DO[ >:CFX>X F5 Q`C]>X., XgX].BX 9DZ

 

     


 



 
 

   

        

   
+ %+12+ >W 8Fe F ,`W>C: 5`A]A.XX FK.W]>FC -$ L$A)@M C, ,`W>C:
5`A] - L:W.gM

  






    



+ %+11+ ,.C]>6)]>FC F5 ]<. 5`A]A.XX )X.

  






    



+ %+1+ ,.C]>6)]>FC F5 ]<. 5`A] -


9D2 DO >:CFX>X C, W.)FC6:`W]>FC F5 Q`C]>X., XgX].BX

A>@.Ag FC. $`] ]<. 5`A]X - C, - )CCF] $. .f)A`,.,O <. <>:<.W >C>]>A KWF$$>A>]g F5 ]<.
5`A]A.XX )X. >X :>d.C ]F ]<. ,>:CFX]>) XgX].B $.)`X. >] >X XX`B., ]<] ]<. XgX].B CFWBAAg
eFW@X e>]<F`] Cg 5`A]XO 5].W  X<FW] ]>B. F5 ,>:CFX>C:+ ]<. 5`A] -  >X .f)A`,.,O `W>C:
]<. ]>B. XKC 5WFB FC. ]F ]eF X.)FC,X ]<. X>:CAX 5WFB ]<. >W K]< )F>C)>,. X e.AA e>]< ]<.
5`A]A.XX BF,.A X e>]< ]<. BF,.A 5FW ]<. 5`A] - O 5].W ]eF X.)FC,X ]<. KWF$$>A>]g 5FW ]<.
5`A] - ,.)W.X.X )FC]>C`F`XAg C, ]<. ,>:CFX]>) XgX].B X<FeX ]<. )FWW.)] W.X`A]* CF 5`A]
>X KW.X.C] >C ]<>X .fK.W>B.C]O
<. 6:`W. >AA`X]W].X ]<. 5)] ]<] ]<. ,>:CFX]>) W.X`A] >X F$]>C., $g ))`B`A]>C: ]<.
>C5FWB]>FC >C)A`,., >C ]<. B.X`W.B.C] X.Q`.C).XO 5].W $F`] _O7 X.)FC,X+ ]<. ,>:CFX]>)
A:FW>]<B <X X`56)>.C] >C5FWB]>FC 5FW ,.].WB>C>C: ]<. 5`A]A.XX )X. `CB$>:`F`XAgO
5 ]<. >W K]< >X 55.)]., $g ]<. 5`A] - + ]<. 5`A]X -$ + - C, - W. X]]., KFXX>$A. e<.C ]<.
,>:CFX>X X]W]X L>:O DO^9MO <. <>:<.W KWF$$>A>]g F5 -$ >X ,`. ]F ]<. <>:<.W >C>]>A KWF$$>A>]g
.fKA>C., $Fd.O `W>C: ]<. ,>:CFX>X ]<. KWF$$>A>]g F5 - ,.)W.X.X )FC]>C`F`XAg C, ]<.
KWF$$>A>]g F5 - >C)W.X.X ))FW,>C:AgO ] IOD X.)FC,X  B.X`W.B.C] <X F))`WW., ]<] >X
>BKFXX>$A. >C ]<. 5`A]A.XX )X.O <.W.5FW.+ ]<. 5`A]A.XX )X. >X .f)A`,., C, ]<. ,>:CFX]>)
XgX].B W.]`WCX ]<. )FWW.)] W.X`A]O

4"30&$ & 0 ,-3"0-+ <. KW.X.C]., Q`A>]]>d. ,>:CFX]>) B.]<F, AAFeX ,>:CFX>C:
5`A]X ]<]+ >C :.C.WA+ )CCF] $. ,>:CFX., $g X>:CA=$X., B.]<F,XO <. Q`A>]]>d. KKWF)<
B.CX ]<] ]<. $.<d>F`W F5 ]<. >W K]< >X BF,.AA., X )FWX. X KFXX>$A. XF ]<] BCg ,.]>AX
)C $. >:CFW., $`] ]<. 5`A]g $.<d>F`W )C X]>AA $. ,>X]>C:`>X<., 5WFB ]<. CFB>CA $.<d>F`WO
<.W.$g ]<. `CdF>,$A. `C).W]>C]>.X F5 ]<. BF,.A W. ]@.C >C]F ))F`C] C, ]<. >W K]<
)C $. BF,.AA., >C  X>BKA. BCC.WO 7 '

5(M( (Z;@:(M M5>Y R5R '7/0$U:R7(M 7< R5( ;(MUL(;(<R >/ 7;@>LR<R >UR@UR M746
<:M L( <>R R5( ><:[ L(M>< />L UM7<4 R5( EU<R7M(' M[MR(; @@L>$5 R> R5( '74<>M7M
>/ $><R7<U>UM6XL7:( M[MR(;MD / R5( M[MR(; 5M  5[L7' '[<;7$M& R5( ;(R5>' R>
UM(  '7M$L(R(6(X(<R MRL$R7>< M R5( ;>'(: />L '74<>M7M 5M R5( 'X<R4(M R>
'(: Y7R5  U<7EU( '7M$L(R(6(X(<R M[MR(; <' R> UM( L($ULM7X( :4>L7R5;M R5R $< (
@@:7(' 7< L(: R7;(D

'+/ 4$1 1($-&1 (&1-($ ( ,4&1!. .8.1%.


06:62 1/#'@8=*1/ 381-.

M R5( $R7><M R> ( ;'( 7< /U:R6R>:(L<R $><RL>: L(/(L R> M(X(L( $5<4(M >/ R5( $><6
RL>: 7<@UR <' @>MM7:[ 7<$:U'( MY7R$5(M R> <(Y M(<M>LM >L $RUR>LM& R5( EU<R7M('
M[MR(; @@L>$5 7M @LR7$U:L:[ L(M><:( />L R5(M( MR(@MD 5( '7M$L(R(6(X(<R ;>'(:
>/ R5( @:<R 5M '7L($R L(/(L(<$( R> R5( '7M$L(R( '($7M7>< XL7:(M R> ( />U<'D 57M
/$R Y7:: ($>;( >X7>UM 7< R57M M($R7><D <  ;>L( (:>LR( />L;& R57M ;(R5>' 7M
7::UMRLR(' [ 7RM @@:7$R7>< R> R5( <(URL:7MR7>< @L>$(MM '(M$L7(' 7< ($R7>< ?]DTD
5( $><RL>: @L>:(; $><M7'(L(' 5(L( $><$(L<M R5( />::>Y7<4 M7RUR7><D MMU;(
R5R  /U:R 5M @@(L(' 7< R5( @:<R <'  '74<>MR7$ :4>L7R5; 5M />U<' R57M /U:RD
M R5( '74<>M7M R9(M M>;( R7;(& R5( M[MR(; 5M ;>X(' /L>; 7RM <>;7<: >@(LR7><
@>7<R R> <>R5(L @>7<R& ($UM( R5( <>;7<: $><RL>::(L 7M @@:7(' R> R5( /U:R[ M[MR(;D
57M M7RUR7>< >$$ULM& 7< @LR7$U:L& 7/  M(<M>L >L < $RUR>L /7:M& ($UM( R5(<
R5( $><RL>: :Y 7M L(MRL7$R(' R> R5R @LR >/ R5( @:<R6$><RL>::(L 7<R(L/$( R5R 7M MR7::
DOZ `A]=]FA.WC] )FC]WFA F5 Q`C]>X., XgX].BX 9DD

Y>L97<4D 5( $><RL>: R> ( />U<' L(EU7L(M R5( L($><04ULR7>< >/ R5( $><RL>: :>>@&
($UM( R5( $><RL>::(L $< 5X( $$(MM ><:[ R> R5( /U:R:(MM M(<M>LM <' /U:R:(MM
$RUR>LMD
< R57M M7RUR7><  /U:R6R>:(L<R $><RL>::(L 5M 0LMR R> ;>X( R5( M[MR(; MRR( $9
7<R> R5( <>;7<: >@(LR7>< @>7<R <' R5(< R> MR7:7M( R5( M[MR(; 7< R57M @>7<RD 5(L(6
/>L(& R5( $><RL>: :4>L7R5; $><M7MRM >/ RY> MR(@M%
?D  '7M$L(R( $><RL>::(L 5M R> ( />U<' R5R ;>X(M R5( >@(LR7>< @>7<R $9 7<R>
R5( <>;7<: ><(D
TD  <(Y $><R7<U>UM $><RL>::(L 5M R> ( />U<' R5R MR7:7M(M R5( /U:R[ M[MR(; 7<
R5( >@(LR7>< @>7<RD
5( 0LMR $><RL>::(L 5M& UMU::[& '7M$L(R( 7<@UR <' >UR@UR M74<:M& ($UM( R5( >@6
(LR7>< @>7<R 5M R> ( ;>X(' R5L>U45  :L4( @LR >/ R5( MRR( M@$(& Y57$5 '>(M <>R
<($(MM7RR( @L($7M( <U;(L7$: ;(MUL(;(<RMD 5( MR7:7M7<4 $><RL>::(L 7M  /(('$9
$><RL>::(L >/ R5( /U:R[ M[MR(;& Y57$5 $< ( '(M74<(' [ Y(:: 9<>Y< $><RL>::(L '(6
M74< ;(R5>'M /R(L R5( X7::( $RUR>LM <' M(<M>LM 5X( ((< 7'(<R70(' <' R5(
L($><04UL7:7R[ 7<X(MR74R(' A$/D 5@R(LM 3 <' 1BD 5( />::>Y7<4 $><$(<RLR(M ><
R5( 0LMR @LR >/ R5( /U:R6R>:(L<R $><RL>: :4>L7R5;D

*/ *6 M R5( ;>X(;(<R >/ R5( >@(LR7>< @>7<R L(EU7L(M L>' $5<4(M >/
R5( 7<@UR& R5( EU<R7M(' M[MR(;M @@L>$5 7M L(M><:( />L R5( M>:UR7>< >/ R57M RM9
(X(< 7/ R5( @:<R 5M $><R7<U>UM 7<@URM <' >UR@URMD (<$(& EU<R7M(LM L( 7<RL>'U$('
'(:7(LR(:[ />L $><R7<U>UM6XL7:( M74<:MD 57M MR(@ /$7:7RR(M  U<7/>L; '7M$L(R(6
(X(<R X7(Y >< R5( M[MR(;& Y57$5 ;[ 5X( >R5 '7M$L(R( <' $><R7<U>UM 7<@URM <'
>UR@URMD
 '7M$L(R(6(X(<R ;>'(: 7M MRL$R(' [ R5( ;(R5>'M '(M$L7(' 7< ($R7>< =D3D
>L R5( (Z@:<R7>< >/ R5( ;7< 7'( >/ R5( $><RL>: '(M74< />L R57M ;>'(:&  <><6
'(R(L;7<7MR7$ UR>;R>< 7M MU/0$7(<R& ($UM( R5( (ZR(<M7>< R> MR>$5MR7$ UR>;R
7M MRL745R/>LYL'D 5( UR>;R>< $< ( 4L@57$::[ 7<R(L@L(R(' [ R5( UR>;6
R>< 4L@5D 5( '7L($R(' ('4(M >/ R5( 4L@5 M5>Y Y57$5 MRR( RL<M7R7><M ;><4 R5(
EU<R7M(' MRR(M R5( M[MR(; $< @(L/>L;& Y5(L( R5( ('4( :(: $
6 ( / % '(<>R(M R5(
EU<R7M(' $><RL>: 7<@UR <' R5( /U:R U<'(L Y57$5 R57M RL<M7R7>< >$$ULMD [ UM7<4
R57M L(@L(M(<RR7><& R5( $><RL>: @L>:(; $< ( />L;U:R(' M  4L@5 M(L$5 @L>6
:(;D  @R5 /L>; R5( X(LR(Z L(@L(M(<R7<4 R5( $ULL(<R EU:7RR7X( MRR( 5M R> ( />U<'
R>YL'M ><( >/ R5>M( X(LR7$(M R5R L(@L(M(<R R5( $:7;(' >@(LR7>< @>7<RD 57M @R5
;[ 7<$:U'( ><:[ R5>M( ('4(M R5R L( X:7' />L R5( $ULL(<R /U:R& Y57$5 7M MMU;(' R>
( 47X(< [ R5( '74<>MR7$ :4>L7R5;D 5( :(:M (:><47<4 R> R5( ('4(M 7< R5( @R5
M74<7/[ Y57$5 $><RL>: $R7><M 5X( R> ( UM('D 5( M(EU(<$( >/ R57M $><RL>: $R7><M
L(@L(M(<RM R5( M>:UR7>< R> R5( $><RL>: @L>:(;D
57M ;(R5>' Y7:: ( (Z@:7<(' <>Y 7< ;>L( '(R7:D R 7M @@:7(' 7< ($R7>< ?]D?DS
R> L($><04UL( R5( $><RL>::(L >/  R5L((6R<9 M[MR(;D
7ii DO >:CFX>X C, W.)FC6:`W]>FC F5 Q`C]>X., XgX].BX

06:6? 83()=(18=* "18.@-=*1/ 1" =( 1/=81- 381-.

7<$(  '74<>MR7$ :4>L7R5; $< ><:[ 0<' R5( /U:R /R(L R5( M[MR(; U<'(L $><M7'6
(LR7>< 5M MU/0$7(<R:[ $5<4(' 7RM (5X7>UL <'& R5UM& :(/R 7RM <>;7<: MRR(& R5(
EU:7RR7X( 7<7R7: MRR(
9$4% 7M '7//(L(<R /L>; R5( L(EU7L(' MRR( <' MMU;(' 7< R5(
/>::>Y7<4 R> ( L7RLL[& UR 9<>Y<D 5( @L>:(; 7M R> 0<'  $><RL>::(L

6$7%  7> $
9$7% ( / % A=D1OB
MU$5 R5R R5( >@(LR7>< @>7<R 7M ;>X(' /L>; R5( $ULL(<R @>7<R
9$4% 7<R> ><( >@(L6
R7>< @>7<R 7<$:U'(' 7< R5( M(R 
 $/ %  #
9 ! ><RL>: M@($70$R7><M L( MR7M0('$ : M E A=D1+B
5(M( @>7<RM L( M(:($R(' M> M R> MR7M/[ R5( 47X(< M@($70$R7><M >< R5( $:>M('6:>>@
M[MR(; U<'(L R5( /U:R[ $><'7R7><MD >R( R5R R5( $><RL>::(L A=D1OB UM(M R5( EU<R7M('
7</>L;R7>< >UR R5( $ULL(<R MRR( 9 <' L(@L(M(<RM  EU:7RR7X( MRR( /(('$9D
>L( L(MRL7$R7X( $><RL>: :YM :79(  EU:7RR7X( >UR@UR /(('$9

6$7%  70> $
:$7% ( / %
$< ( />U<' 7<  M7;7:L Y
 4L@56R5(>L(R7$ 7<R(L@L(RR7>< >/ R57M @L>:(; $< ( >R7<(' M />::>YMD R
R7;( 7  4 R5( EU<R7M(' M[MR(; 7M 7< R5( EU:7RR7X( 7<7R7: MRR( Z2 
9$4% &
Y57$5 7M L(@L(M(<R(' [ R5( X(LR(Z >/ R5( UR>;R>< 4L@5 Y7R5 R5( M;( <;(D 5(
$><RL>::(L A=D1OB 5M R> ( $5>M(< MU$5 R5R R5( M[MR(; LL7X(M R R5( M(R  $/ %
<' L(;7<M R5(L(D 5R 7M& R5( EU<R7M(' M[MR(; R>4(R5(L Y7R5 R5( $><RL>::(L 5M R>
( 6A+(>>(C+F 9>+D

83()=(18=* (8=8*9=*1/ 1" 7@-*==*A 9=*-*=D6 5( EU:7RR7X( MR7:6


7R[ $< ( R(MR(' [ R5( UR>;R>< 4L@5 ! >/ R5( $:>M('6:>>@ M[MR(;D MMU;( R5R
R5( $><RL>::(L A=D1OB 7M :L('[ 9<>Y<D 5(< R5( <><6'(R(L;7<7MR7$ UR>;R><
!  $ M ( ' ( ! ( Z2 %
>/ R5( $:>M('6:>>@ M[MR(; 5M R5( MRR( RL<M7R7>< L(:R7><
! $Z( / %  4 $Z( 7> $Z( / %( / %
Y5(L( 4 7M R5( MRR( RL<M7R7>< L(:R7>< >/ R5( <><6'(R(L;7<7MR7$ UR>;R>< >/ R5(
@:<R MU8($R R> /U:R / D 5( 4L@5 ! >/ R57M UR>;R>< $< ( >R7<(' /L>; R5(
UR>;R>< 4L@5 >/ R5( @:<R [ '(:(R7<4 :: ('4(M $Z, ( Z- % Y5>M( :(:M $
6 ( / % '>
<>R MR7M/[ R5( $><RL>: :Y A=D1OB Y7R5
9$7%  Z, D
>L R5( MR7:7R[ <:[M7M R5( M(R >/ X(LR7$(M  7M L(@:$(' 7< R5( 4L@5 ! [
 <(Y X(LR(Z Z D :: ('4(M $Z( Z  % MRLR7<4 7< M>;( X(LR(Z Z 6)  <' 4>7<4 R>
M>;( Z  )  L( L(@:$(' [ < ('4( $Z( Z %D < R57M Y[  <(Y 4L@5 '(<>R('
[ ! $ M ( ! % 7M >R7<('D 5( L($><04ULR7>< @L>:(; 7M M>:X(' 7/ R5( $><'7R7><M
47X(< 7< R5( />::>Y7<4 R5(>L(; L( MR7M0('%
DOZ `A]=]FA.WC] )FC]WFA F5 Q`C]>X., XgX].BX 7iI

(18. 06& 4@-*==*A 9=*-*=D5


 6A+(>>(C /->8/++8 3.5";4 9/+C9 >& /->8/+ 28/+, ( >& %82& ! $ M ( ! %
9>(9!9 >& /++/D(-% >&8 /-(>(/-9
15 & %82& ! &9 -/ 9>8/-%+F /--> C8>(95
@5 &8 8 -/ 9+ '(8+9 8/A- -F C8>E Z 6 Z 5
?5 & C8>E Z (9 >& /-+F - C8>E / ! 5 &> (9 Z (9 >& /-+F C8>E
>&> &9 -/ /A>%/(-% %5

5( $><'7R7><M @@(L7<4 7< R5( R5(>L(; 5X( ((< @L>X(' R> ( <($(MML[ <' MU/6
0$7(<R />L R5( EU:7RR7X( MR7:7R[ >/ R5( EU<R7M(' $:>M('6:>>@ M[MR(; @L>X7'(' R5R
R5( EU:7RR7X( ;>'(: 7M $>;@:(R(D (<$(& R5( L($><04ULR7>< @L>:(; $< ( />L6
;U:R(' M />::>YM%
1/#'@8=*1/ 381-. (-  /->8/++8 3.5";4 9A& >&> >& 8A
A>/,>/- %82& ! $ M ( ! % / >& +/9'+//2 9F9>, 9>(9!9 >& >&8
/-(>(/-9 %(C- (- &/8, .5$5

06:6>  81/#'@8=*1/ .=(1

7LMR& M>;( <>R7><M /L>; 4L@5 R5(>L[ 5X( R> ( L($::('D R 7M MMU;(' R5R 7<
R5( UR>;R>< 4L@5 R5(L( 7M R ;>MR ><( ('4( (RY((<  @L('($(MM>L MRR( <' 
MU$$(MM>L MRR(D 57M MMU;@R7>< $< ( MR7M0(' [ :U;@7<4 @L::(: ('4(' R>4(R5(L&
Y5(L( R5( :(:M L( $>;7<(' $$>L'7<4:[D
 MU4L@5  $ M ( D % >/ $ M ( % Y7R5 D <  7M $::('  92--(-% >8 7/ <[
@7L >/ 7RM X(LR7$(M Z, <' Z- L( $><<($R(' <' 7/  5M <> $[$:(D Y> X(LR7$(M
Z, <' Z- L( $::(' 9>8/-%+F /--> 7/ R5(L( (Z7MRM  @R5 /L>; Z, R>YL'M Z-
<'  @R5 /L>; Z- R>YL'M Z, D  MU4L@5 , $ M, ( , % >/  7M $::('  MRL><4:[
$><<($R(' $>;@><(<R 7/ :: X(LR7$(M >/ M, L( MRL><4:[ $><<($R('D 5( 4L@5 R5R
L(MU:RM /R(L L(@:$7<4 (X(L[ MRL><4:[ $><<($R(' $>;@><(<R [  <(Y X(LR(Z 7M $::('
R5( /--9 %82&D
7i_ DO >:CFX>X C, W.)FC6:`W]>FC F5 Q`C]>X., XgX].BX

-'18*=(. 06> /+A>(/- / >& 8/-!%A8>(/- 28/+, F ,-9 /  6A+(>>(C


,/+

*A/ UR>;R>< 4L@5 $ M ( %&


>: M(R  D
?D (R(L;7<( R5( 4L@5  $ M (   % [ L(@:$7<4 R5( M(R >/ X(LR7$(M  [ R5(
M7<4:( X(LR(Z Z D
TD (R(L;7<( R5( $><'(<M(' 4L@5 $ M ( %
>/  $  (   % [ 0LMR '(R(L;7<6
M
7<4 :: MRL><4:[ $><<($R(' $>;@><(<RM , >/  <' M($><' L(@:$7<4 , [
5[@(L X(LR7$(MD
SD >L :: MRL><4:[ $><<($R(' $>;@><(<RM , '(R(L;7<(  M@<<7<4 RL(( , D
3D M7<4 R5( $><'(<M(' 4L@5 <' R5( M@<<7<4 RL((M& $><MRLU$R  <(Y 4L@5
4$J $ M ( 4$J % Y7R5 4$J   @  @ . @ 8 8 8 @ A Y5(L( M 7M R5( <U;(L
>/ MRL><4:[ $><<($R(' $>;@><(<RMD
1D (R(L;7<( R5( $><RL>: :Y 7> $Z( / % M />::>YM% >L (X(L[ X(LR(Z Z ) M <'
(X(L[ /U:R / & M(:($R R5( EU:7RR7X( >UR@UR
6 MM>$7R(' Y7R5 R5( ('4( $Z( Z  %
7< R5( 4L@5 4$J D
9@-= U:7RR7X( $><RL>::(L A=D1OBD

5( MRL><4:[ $><<($R(' $>;@><(<RM , $< ( $><MRLU$R(' UM7<4  '(@R560LMR6


M(L$5 :4>L7R5; Y5>M( $>;@:(Z7R[ 7M :7<(L Y7R5 L(M@($R R> R5( <U;(L >/ X(LR7$(MD
>L ($5 X(LR(Z >/ R5( $><'(<M(' 4L@5 R5(L( (Z7MRM  M@<<7<4 RL(( , D U$5 RL((M
$< ( />U<' [ L(;UZ <' L8<KM :4>L7R5; Y5>M( $>;@:(Z7R[ 7M :7<(LD $5
X(LR(Z Z 6 Z, >/ 4L@5  Y7:: ( RL<M/(LL(' R> R5( X(LR(Z Z, >/ M UM7<4 M@<<7<4
RL(( , D 5(<& />L ($5 X(LR(Z Z, R5(L( (Z7MRM  @R5 R> R5( '(M7L(' X(LR(Z  7< R5(
$><'(<M(' 4L@5 D
5( L(MU:R 7M R5( ;@@7<4 7> >/ R5( $><RL>::(L A=D1OB& Y57$5 $< ( L(@L(M(<R(' [
 R:( <' Y57$5 $< ( (M7:[ 7;@:(;(<R('D

'+ 7-!..

6,- %+' %1#(' ( ./('% /11"/) ).1#1#('/


FCX>,.W C `]FCFBF`X 6WX]=FW,.W ,>X)W.].=]>B. XgX].BO C,.W e<] )FC,>]>FCX FC ]<. X]].
KW]>]>FCX ,F.X ]<. XgX].B BK FC. X]]. X.] KW.)>X.Ag >C]F CF]<.W X]]. X.] e>]< ]<. )FCX.=
Q`.C). ]<] ]<. Q`C]>X., XgX].B )C $. ,.X)W>$., $g  @;0+1+<@+ `]FB]FCR
C ]<>X ,.].WB>C>XB $. W.]>C., >5 ]<. XgX].B <X C >CK`] $g KKWFKW>].Ag KW]>]>FC>C:
]<. >CK`] XK).R 7
'
DOD >$A>F:WK<>)A CF].X 7i^

6,- %+2 1.&#'/1# #/.1"3'1 !3#(2. ( ' 2'&) (/#%%1(.


FCX>,.W C `C,BK., FX)>AA]FW ,.X)W>$., $g ]<. X]].=XK). BF,.A
! ( ! (! ( ! ( ! (
S  0 > S S 0! S$
 '  A
S ,> 0 S S 0! S $
<Fe ]<] ]<. XBKA>C: ]>B. )C $. )<FX.C X`)< ]<] ]<. FX)>AA]FW <X  ,.].WB>C>X]>)
,>X)W.].=.d.C] $.<d>F`W >C  X]]. XK). e<.W. $F]< X]]. dW>$A.X S  C, S W. >C,.K.C=
,.C]Ag KW]>]>FC.,O
F.X ]<>X W.X`A] <FA, >5 ]<. FXh>AA]FW >X ,BK., Le<.W. ]<. ,BK>C: 5)]FW ) W.KA).X ]<.
h.WFX >C ]<. XgX].B B]W>fMR 7'

6,- %+1 2'1#/ 1'$ /6/1&


FCX>,.W  ]eF=]C@ XgX].B >C  X]]. XK).+ e<FX. KW]>]>FC>C: ,>X]>C:`>X<.X B.W.Ag $.]e..C
 5`AA C, C .BK]g ]C@O ] ]>B. L  0 $F]< ]C@X W. 6AA.,O C F`]A.] dAd. F5 ]<. W>:<] ]C@
>X FK.CO .] `K  X>BKA. X.)FC,=FW,.W X]].=XK). BF,.A C, `X. ]<. $X]W)]>FC A:FW>]<B ]F
:.]  CFC=,.].WB>C>X]>) FW  X]F)<X]>) `]FB]FC ,.X)W>$>C: ]<. Q`C]>X., ]C@ XgX].BO
f].C, ]<. BF,.A+ >5 ]<. A.5] ]C@ <X  K`BK+ e<>)< )C $. Xe>])<., FC C, F55 C,
e<>)< KWF,`).X C >C8Fe >C]F ]<. A.5] ]C@ ]<] >X ]e>). X AW:. X ]<. F`]8Fe 5WFB ]<. W>:<]
]C@O Fe ,F gF` <d. ]F .f].C, ]<. `]FB]FC ]F )FK. e>]< ]<>X .f].CX>FC F5 ]<. Q`C]>X.,
XgX].BR 7'

6,- %+ ).#' "&// /6/1&


FCX>,.W  ,BK., XKW>C:=BXX XgX].BO  5`A] W.,`).X ]<. BXX $. ]<. 5)]FW ]eFO We
]<. BFd.B.C] F5 ]<. XgX].B >C ]<. 5`A]A.XX C, ]<. 5`A]g )X. C, ,.)>,. e<.]<.W ]<>X 5`A]
)C $. ,>:CFX., $g FCAg B.X`W>C: Q`C]>X., dA`.X F5 ]<. BXX KFX>]>FCO 7'

'+' !$!(-*!$ &(1.


.X`A]X FC ]<. ,>:CFX>X F5 Q`C]>X., XgX].BX <d. $..C F$]>C., >C ]eF 6.A,XO <. KWF$=
A.B F5 $X]W)]>C: ,>X)W.].=.d.C] W.KW.X.C]]>FCX 5FW Q`C]>X., XgX].BX <X $..C >Cd.X]>:].,
X  X].K 5FW ]<. CAgX>X F5 <g$W>, XgX].BX FW 5FW ]<. d.W>6)]>FC F5 ,>X)W.]. )FC]WFAA.WXO
<. K`$A>)]>FCX 'I^2(+ 'I9I( C, 'I7^( <d. X<FeC ]<] Q`C]>X., XgX].BX <d.+ >C :.C.WA+
 CFC=,.].WB>C>X]>) Q`A>]]>d. $.<d>F`W C, ,F CF] KFXX.XX ]<. W@Fd KWFK.W]gO .C).+
]<.g )CCF] $. W.KW.X.C]., KW.)>X.Ag $g Cg BF,.A ]<] KFXX.XX.X ]<. W@Fd KWFK.W]g A>@.
X]F)<X]>) `]FB]O
.]<F,X 5FW $X]W)]>C: ,>X)W.].=.d.C] W.KW.X.C]]>FCX F5 ,>X)W.].=]>B. FW ,>X)W.].=.d.C]
Q`C]>X., XgX].BX <d. $..C KWFKFX., >C 'II2(+ 'I^2(+ 'I9I(+ 'I7^(+ 'IIZ(+ '_iI(+ '_i9(+
'_9[(AA F5 e<>)< >B ] 6C,>C: )FBKA.]. BF,.AX >C ]<. X.CX. ,.6C., >C .)]>FC DO9O '_i9(
X<Fe., ]<] $g `X>C: ,>55.W.C] ,.6C>]>FCX F5 ]<. BF,.A X]].+  <>.WW)<g F5 ,>X)W.]. $X]W)=
]>FCX )C $. F$]>C.,+ e<>)< :.C.W]. ,>55.W.C] C`B$.WX F5 XK`W>F`X XFA`]>FCXO
C ]<. 6.A, F5 )FBK`].W=>,., BF,.AA>C: ]<. $X]W)]>FC KWF$A.B <X $..C )FCX>,.W., >C
'I^[( C, '_[_( e>]< ]<. >B ]F 6C, ,.].WB>C>X]>) ,>X)W.].=.d.C] W.KW.X.C]]>FCX+ e<>)<+ )=
)FW,>C: ]F 'I^2( >X KFXX>$A. FCAg 5FW  d.Wg XBAA )AXX F5 Q`C]>X., XgX].BXO <.W. W. FCAg
KW.A>B>CWg W.X`A]X )FC).WC>C: ]<. Q`.X]>FC <Fe ]F KW]>]>FC ]<. X>:CA XK).X >C FW,.W ]F
7i9 DO >:CFX>X C, W.)FC6:`W]>FC F5 Q`C]>X., XgX].BX

F$]>C $X]W)]>FCX e>]<  XBAA C`B$.W F5 XK`W>F`X XFA`]>FCX+ )5O 'I7^(+ 'I9Z(+ 'II7(O  )FC=
C.)]>FC F5 ]<. X]F)<X]>) `]FB]FC X ,>X)W.].=.d.C] ,.X)W>K]>FC F5 Q`C]>X., XgX].BX C,
]<. WF$.C>`X=.WWFC FK.W]FW >X :>d.C >C 'I72(O
C ]<. F]<.W <C,+ ]<. ,>:CFX>X F5 Q`C]>X., XgX].BX >X $X., FC B.]<F,X 5FW ,>:CFX>C:
,>X)W.].=.d.C] XgX].BX ,.X)W>$., $g `]FB]+ e<>)< <d. $..C .A$FW]., >C 'I_2(+ 'I7Z(+
'_II( C, '_Ii(O <. )FBKA.]. XFA`]>FC ]F ]<. ,>:CFX]>) KWF$A.B 5FW X]F)<X]>) `]FB]
:>d.C >C 'I7Z( >X ]<. $X>X 5FW ]<. W.X`A]X W.d>.e., >C .)]>FC 2O9O >WX] W.X`A]X 5FW Q`C]>X.,
XgX].BX <d. $..C ,.X)W>$., >C 'I_7( C, 'I7[(O C '[^( >] >X X<FeC ]<] ,>X)W.].=.d.C] W.K=
W.X.C]]>FCX F5 Q`C]>X., XgX].BX )C $. `X., 5FW ,>:CFX>X >5 C, FCAg >5 ]<.g W. )FBKA.].O
<>X W.5.W.C). AXF :>d.X C .fBKA. ]F ,.BFCX]W]. ]<] ,>55.W.C] BF,.AX )C $. `X., 5FW
]<. XB. Q`C]>X., XgX].B AA F5 e<>)< W. )FBKA.]. $`] ,>55.W )FC).WC>C: ]<. C`B$.W F5
XK`W>F`X XFA`]>FCX C,+ <.C).+ g>.A, ,>:CFX]>) W.X`A]X F5 ,>55.W.C] KW.)>X>FCO
<. XFA`]>FC ]F ]<. X]]. F$X.Wd]>FC KWF$A.B 5FW ]<. Q`C]>X., XgX].B >X $X., FC ]<.
XFA`]>FC ]F ]<. F$X.Wd]>FC KWF$A.B 5FW X]F)<X]>) `]FB]O <>X KWF$A.B <X $..C ,.A]
e>]< FCAg $g  5.e `]<FWX+ 5FW .fBKA. >C 'I7Z( C, 'IDI(O
<. .f].CX>FCX ]F ]WCX>.C] 5`A]X >X ,.X)W>$., >C '_I[(O
<. ,>:CFX>X F5 ,>X)W.].=.d.C] Q`C]>X., XgX].BX <X $. ,.d.AFK., >C '[^( C, 'I9^(+
e<.W. ]<. A]].W W.5.W.C). KW.X.C]X  B.]<F, ]<] ]@.X ]<. ].BKFWA .d.C] ,>X]C).X >C]F
))F`C]O <. )FWW.XKFC,>C: $X]W)]>FC B.]<F,X+ e<>)< ]WCX5FWBX ]<. )FC]>C`F`X=dW>$A.
,.X)W>K]>FC F5 ]<. XgX].B >C]F  ,>X)W.].=.d.C] BF,.A+ W. ,.d.AFK., >C '[i( C, 'I9_(O
<.FW.B DO9 <X $..C KWFd., >C 'I9i(O <. KWF$A.B <Fe ]F KW]>]>FC ]<. X]]. XK). >C
FW,.W ]F dF>, ]<. CFC=,.].WB>CXB FC ]<. Q`C]>X., XgX].B A.d.A C, ]F :.]  ,.].WB>C>X]>)
`]FB]FC X ]<. KW.)>X. Q`A>]]>d. BF,.A F5 ]<. Q`C]>X., XgX].B >X X]>AA FK.C 'I9Z(O
KKA>)]>FC .fBKA.X F5 5`A] ,>:CFX>X F5 Q`C]>X., XgX].BX W. KW.X.C]., >C 'I7[( LC.`=
]WA>X]>FC KWF).XXM+ 'I_9( L )FBKW.XXFWM+ '[I(+ '[_( L,>.X.A >C?.)]>FC XgX].BM C, '[9(+
'IZ9( L>W K]< F5  ,>.X.A BF]FWM+ e<>)< >X X`BBW>X., <.W. X fBKA. DOIiO
<. W.)FC6:`W]>FC B.]<F, ,.X)W>$., >C .)]>FC DOZ <X $..C 6WX] K`$A>X<., >C <K].W I_
F5 '^(O

 

  % *  #

( "*' "'( *( - ""*! ( ** ,(*'* !. * *!( 
-!"  * "'  "*'(   "" , ' ' "'* ! 
*! (   !. *0   !  *! *  !"* (!,*! ! ,*
*!' * ! *'! "'!(#  *'*  (0(*   "'!((  ("
"'!",(! (0(*  (*  '*!'    (*' 0.' (0(* !' 
.'!,( *', ' ! ('  ! . -   -(** 
*  ,  /"' * *(*(#

)9+) 4$1 1($-&1 (&1-($ (  1- 1&# .8.1%

2F6262 1/=81- 381-.

><M7'(L R5( R5L(( $>U@:(' R<9M '(@7$R(' 7< 74D ?]D?D 5(M( R<9M L( $><<($R('
[ @7@(M Y57$5 $< ( $><RL>::(' [ '7//(L(<R X:X(MD R(L $< ( 0::(' 7<R> R5(
:(/R <' L745R R<9M UM7<4 RY> 7'(<R7$: @U;@MD (MUL(;(<RM X7::( /L>; R5(
@L>$(MM L( R5( $><R7<U>UM YR(L :(X(:M 3, >/ ($5 R<9 <'& ''7R7><::[& /L>; R<9
. '7M$L(R( M74<:M /L>; RY> $@$7R7X( @L>Z7;7R[ MY7R$5(M M74<::7<4 Y5(R5(L R5(
YR(L :(X(: 7< R5( R<9 7M >X( >L (:>Y R5( @>M7R7>< >/ R5( M(<M>LD
< R5( <>;7<: $M( A74D ?]DTB& ><:[ R5( :(/R R<9  <' R5( ;7'':( R<9 . L(
UM('D 5( L745R R<9 , <' @U;@ . $R M L('U<'<R 5L'YL(D 5( @UL@>M( >/ R5(
M[MR(; 7M R> @L>X7'(  $><R7<U>UM YR(L 2>Y J. $P%  J R>  $><MU;(LD 5(L(/>L(&
R5( YR(L :(X(: 7< R5( ;7'':( MU@@:[6R<9 . 5M R> ( ;7<R7<(' Y7R57< R5( 7<R(LX:
3. ; 3. ; 3.
& 7D(D (RY((< R5( RY> '7M$L(R( :(X(: M(<M>LM >/ R<9 . D
R(L 2>YM (RY((< R5( R<9M $< ( $><RL>::(' [ M(X(L: X:X(M A . &  .
&
., & .,
BD :: X:X(M $< ><:[ ( $>;@:(R(:[ >@(<(' >L $>;@:(R(:[ $:>M(' A><Q>//
X:X(MBD 5( $><<($R7>< @7@(M (RY((< R5( R<9M L( @:$(' R R5( >RR>; >/ R5(
R<9M A@7@(M Y7R5 X:X(M  . & ., B <' R  5(745R >/ 3
A@7@(M Y7R5 X:X(M  .
&
7i[ IiO KKA>)]>FC .fBKA.X

.,
BD <( >/ R5( $><M7'(L(' /U:RM 7M  :(94( 7< R<9  AM(( (:>YBD / MU$5 
:(94( >$$ULM& R5(L( 7M < ''7R7><: >UR2>Y J >/ R<9  A$/D 74D ?]D?BD

         

           
 

       
       
   

    

        
 
  
       

     
 
           

          
      
     
+ '9+'+ <W..=]C@ XgX].B

D/.*- .1-6 (@(<'7<4 >< R5( YR(L :(X(:M <' R5( @>M7R7>< >/ R5( X:X(M&
'7//(L(<R <><6:7<(L MRR(6M@$( ;>'(:M L( X:7'D < 4(<(L:& R5( YR(L 2>Y J ,- /L>;
<9 4 R> <9 6 $< ( $:$U:R(' UM7<4 R5( >L7$(::7 :Y
-
J,-  &,- 8 * $3, 4 3- % 8 !3, 4 3- ! (
Y5(L( &,- 7M  $><MR<R '(@(<'7<4 >< R5( 4(>;(RL[ >/ R5( $><<($R7<4 @7@( <' R5(
X:X( <' 3, ( 3- L( R5( YR(L :(X(:MD 5( $5<4( >/ YR(L X>:U;(  7<  R<9 7M
'(M$L7(' [
3 3
   8 3  J
4 J  ( A?]D?B
4 4
Y5(L( J
7M R5( MU; >X(L :: YR(L 7<2>YM <' J  R5( MU; >X(L :: YR(L
>UR2>YM >/ R5( R<9D < A?]D?B&  7M R5( $L>MM6M($R7>< L( <' 3 R5( YR(L :(X(: 7<
R5( $[:7<'L7$ R<9D >L R5( R5L(( R<9M ED A?]D?B [7(:'M%
"
3 
$J 4 J . 4 J .
4 J % A?]DTB

"
3 .  $J . ' J .
4 J., 4 J.,
4 J. % A?]DSB

"
3 ,  $J . ' J., ' J.,
% E A?]D3B

5( 2>YM 7< EMD A?]DTB 6 A?]D3B '(@(<' >< R5( :(X(:M 3 & 3. <' 3, M Y(:: ><
R5( @>M7R7>< >/ R5( X:X(M <' R5( $>;;<'M T ( T . 47X(< R> R5( @U;@MD >L
(Z;@:(& R5( (Z7MR(<$( >/ R5( 2>Y J .
'(@(<'M >< R5( YR(L :(X(:M 3 <' 3. <'
IiOI `A]=]FA.WC] )FC]WFA F5  ]<W..=]C@ XgX].B 7iZ

R5( @>M7R7>< >/ R5( X:X(  .


D 5( 2>Y 7M ><:[ <><\(L> 7/ R5( X:X( 7M >@(< <' R
:(MR ><( :7EU7' :(X(: (Z$(('M R5( 5(745R 3
>/ R5( U@@(L $><<($R7<4 @7@(D
>L( @L($7M(:[& R5( />::>Y7<4 (Z@L(MM7><M L( >R7<(' />L R5( 2>YM& Y7R5 R5(
@L;(R(LM 47X(< 7< :( ?]D?%


 7/ 3 / 3  <' & 8 T ; J 



J 

 
7/ 3 / 3  <' & 8 T , J 
 J


4 >R5(LY7M( (


 & . 8 T . 7/ 3, / 3  <' & . 8 T . ; J  .



J . 

 J  7/ 3, / 3  <' & . 8 T . , J 

 . .

4 >R5(LY7M( (
 /
& . * $3 4 3. % !3 4 3. ! 7/  . >@(<
J . 
4 >R5(LY7M( (
/

 & .
!3 4 3
! 7/ 3 2 3
( 3. / 3
(  .
>@(<

4& /
.
!3. 4 3
! 7/ 3 / 3
( 3. 2 3
(  .
>@(<
J .
 /

 & .
* $3 4 3 . % !3 4 3 . 7/ 3 2 3
( 3. 2 3
(  .
>@(<
!


4 >R5(LY7M( (
 /
&., * $3. 4 3, % !3. 4 3, ! 7/ ., >@(<
J., 
4 >R5(LY7M( (
/

 &.,
!3. 4 3
! 7/ 3. 2 3
( 3, / 3
( .,
>@(<

4& /
.,
!3 , 4 3
! 7/ 3. / 3
( 3, 2 3
( .,
>@(<
J.,
 /

 &.,
* $3. 4 3, % !3. 4 3, ! 7/ 3. 2 3
( 3, 2 3
( .,
>@(<


4 >R5(LY7M( (
 ;
&. 3 . 7/ 3. 2 4
J. 
4 >R5(LY7M( (
 ;
& 3 7/ 3 2 4 <' :(94( 7< R<9 ?
J 
4 >R5(LY7M( E

1.*/- 1/#'@8=*1/6 < R5( <>;7<: $M(& X:X(M  . & .,


& ., L( $:>M('
<' <>R 7< UM(D :X(  .
7M UM(' R> $><RL>: R5( YR(L :(X(: 7< R<9 . & @U;@  R>
$><RL>: R5( :(X(: 7< R<9  D > $><RL>: R5( YR(L :(X(:M 7< R5( L(M(LX>7L6R<9  <'
R5( MU@@:[6R<9 . &  $><X(<R7><:  6$><RL>::(L <' < '7M$L(R( A><6>//B $><RL>::(L
L( UM(' A74D ?]DTB%
7i2 IiO KKA>)]>FC .fBKA.X

" '9+' WB.].WX C, dW>$A.X F5 ]<. ]<W..=]C@ XgX].B C, ]<. )FC]WFAA.WX
1 + 1 + 1  'B( C@ A.d.AX >C B.].WX
F  ' F ' F ' F 'B \X( FA`B. 8FeX >C )`$>) B.]W.X K.W X.)FC,
F ' F 'B \X( FA`B. 8FeX >C )`$>) B.]W.X K.W X.)FC,
F  ' F  'B \X( FA`B. 8FeX >C )`$>) B.]W.X K.W X.)FC,
 A / 0  WFXX=X.)]>FC W. F5 $F]< ]C@X
1  0A)0  .>:<] F5 $F]< ]C@X
1 0A)0  .>:<] F5 $F]< ]C@X
% A) / 0 
4 K& AFe )FCX]C] F5 dAd. 
% A) / 0 
4 K& AFe )FCX]C] F5 dAd. 
%  A) / 0 
4 K& AFe )FCX]C] F5 dAd.  
%  A) / 0 
4 K& AFe )FCX]C] F5 dAd.  
% A) / 0 
4 K& AFe )FCX]C] F5 ]<. F`]A.] F5 ]C@ _
% A) / 0 
4 K& AFe )FCX]C] F5  A.@:. >C ]C@ I
%  A0 / 0  K& AFe )FCX]C] F5 K`BK I
% A0 / 0  K& AFe )FCX]C] F5 K`BK _
F 
 A0 / 0  K& f>B`B 8Fe F5 K`BK I
F  A0 / 0  K& f>B`B 8Fe F5 K`BK I
1
 0A0  .] KF>C] F5  )FC]WFAA.W
 0A0 K WFKFW]>FCA :>C F5  )FC]WFAA.W

A0 / 0 K& C].:WA :>C F5  )FC]WFAA.W
1 0A0  FX>]>FC F5 AFe.W ,>X)W.]. A.d.A X.CXFW
1 0A  FX>]>FC F5 `KK.W ,>X)W.]. A.d.A X.CXFW

         
   
       

 
      
  
                   
          
 

  
       
     


                   
      
+ '9+2+ FB>CA )FC6:`W]>FC F5 ]<. ]<W..=]C@ XgX].B

T $P%  7$3 $P%( 3 %


 
  8 $3 4 3 $P%% ' 8 $3 4 3 $Q %%)Q A?]D1B
2
IiOI `A]=]FA.WC] )FC]WFA F5  ]<W..=]C@ XgX].B 7iD



>@(<  3. / 3.
  $:>M(  3. , 3.
A?]DPB


<> $5<4(  3. ; 3. ; 3.
(
Y5(L(  <' L( $><RL>::(L @L;(R(LM <' 3 7M R5( M(R6@>7<R />L R<9  D
EUR7>< A?]DPB '(M$L7(M U<'(L Y5R $><'7R7><M R5( ><6>// $><RL>::(L $5<4(M R5(
@>M7R7>< >/ R5( X:X( /L>; >@(<(' R> $:>M(' >L X7$(6X(LMD :: @L;(R(LM >/ R5(
$><RL>::(LM L( 47X(< 7< :( ?]D?D
< MU;;L[& R5( <>;7<: (5X7>UL 7M $5L$R(L7M(' [ R5( />::>Y7<4%
% <:[ R5( :(/R <' ;7'':( R<9 L( 7< UM(& YR(L :(X(: 3. ;UMR ( ;('7U;& R5(
M(R6@>7<R />L 3 7M $5>M(< R> 3 D
% :X(M  . ( ., ( .,
L( $:>M('D
% > :(94( >$$ULM AJ  4BD
% 5(  6$><RL>::(L A?]D1B $><RL>:M R5( :(X(: 3 >/ R<9  Y7R5 @U;@  UM7<4 
$><R7<U>UM :(X(: M(<M>LD
% 5( ><6>// $><RL>::(L A?]DPB $><RL>:M R5( :(X(: 3. >/ R<9 . Y7R5 X:X(  UM7<4
'7M$L(R( :(X(: M(<M>LMD

1/#'@8=*1/ 381-.6 5L(( '7//(L(<R /U:R M$(<L7>M L( 47X(<%


?D U:R / % :X(  .
7M $:>M(' <' :>$9('D
TD U:R /. % :X(  .
7M >@(<(' <' :>$9('D
SD U:R /, %  :(94( 7< <9  >$$ULM AJ 6 4BD
5( L($><04ULR7>< RM9 7M R> 0<' A>/,>(++F  <(Y $><RL>: $><04ULR7>< >/ R5(
R5L((6R<9 M[MR(; MU$5 R5R
% R5( YR(L :(X(: 3. L(;7<M (RY((< 3. <' 3.
/>L :: M$(<L7>M& 7D(D R5( L(:R7><

3. $7%  =+)4T= A?]DOB
M5>U:' 5>:' />L 7 , 7 />L  @>MM7:[ M;:: 7D

% />L M$(<L7> S& R5( :>MM >/ YR(L 7M ;7<7;:& 7D(D

3 $7%  +=CPY A?]D+B
M5>U:' 5>:' />L 7 , 7 />L  @>MM7:[ M;:: 7D


5( L($><04ULR7>< RM9 $><M7MRM 7< 0<'7<4  <(Y $><RL>: MRLU$RUL( [ M(:($R7>< >/
$RUR>LM <' M(<M>LM& <(Y $><RL>: :YM <' <(Y M(R6@>7<RM />L R5( $><RL>: :>>@M&
MU$5 R5R R5( $><RL>: 7;M >X( L( ;(RD / <(('('& R5( UM( >/ L('U<'<R 5L'YL(
$>;@><(<RM 7M @>MM7:(D X7>UM:[& R5( 7'( >/ L($><04ULR7>< $<<>R ( MR7M0('
[ M7;@:[ $5<47<4 R5( @L;(R(LM  >L & UR  MRLU$RUL: $5<4( >/ R5( M[MR(;
7M <($(MML[D
7Ii IiO KKA>)]>FC .fBKA.X

2F626? /8* 1.31//=)9 /-D9*9 1" =( =(8)=/, 9D9=.


57M M($R7>< @@:7(' R5( ;(R5>'M (:>LR(' 7< 5@R(L 3 R> R5( R5L((6R<9 (Z;@:(D

1--*/' 1" =( #- 1.31//=96 5( R5L(( R<9 M[MR(; 7M $>;@>M(' >/ R5(
7<R(L$><<($R7>< >/ ?3 (:(;(<RL[ $>;@><(<RM& <;(:[
% 3 X:X(M%  (  , ( . ( ., (
% T @U;@M%  ( . &
% S R<9M%  ( . ( , (
% S :(X(: M(<M>LM%  ( . ( , &
% T $><RL>::(LM  . D
5( 7<R(L$><<($R7<4 @7@(M ;745R :M> ( $><M7'(L(' M $>;@><(<RM& 7/ R5( M(LX7$(
R5([ '(:7X(L YM R> ( <:[M('D
5( 4(<(L7$ ;>'(: >/ ($5 >/ R5(M( $>;@><(<RM M5>U:' 7<$:U'(%
?D 7RM UM(6;>'( UR>;R><&
TD R5( :7MR >/ M(LX7$(M MM>$7R(' Y7R5 ($5 UM(6;>'(D

-A96 ><M7'(L 0LMR R5( X:X(M , & 4  "( EEE& <' MMU;( R5([ L( :: '(M$L7(' [
R5( M;( ;>'(:& Y7R5 R5( UM(6;>'( M(R - #, W>//& , W;7<R(<<$(& , WUR>;R7$$&
MM>$7R(' Y7R5 R5( M(LX7$( :7MRM%
% , B/  , B>/B,(->-- , B>/BA>/,>(
% , B,(->-- , B/2- , B+/9 , B/2-B,-A+ , B+/9B,-A+
, B>/B/  , B >/BA>/,>(
% , BA>/,>( , B/2- , B+/9 , B>/B/  , B>/B,(->--
7<$( ><:[ R5( UR>;R7$ (5X7>UL Y7:: ( >/ 7<R(L(MR />L R5( X:X(M M Y(:: M
/>L R5( >R5(L $>;@><(<RM& R5( @LR7: ;>'(: MM>$7R(' Y7R5 R5( UR>;R7$ >@(L6
R7>< ;>'(& Y5>M( M(LX7$(M L( , B /2- , B +/9 7M R5( ><:[ ><( Y57$5 Y7:: (
$><M7'(L('D
5( '(0<7R7>< >/ R5(M( M(LX7$(M 7< R(L;M >/ $><MU;('& @L>'U$(' XL7:(M <'
@L>$('UL( 7M M />::>YM& Y5(L( J, 7M R5( 2>Y R5L>U45 X:X( 4( C, 7M R5( @L(MMUL(
'L>@ (RY((< R5( 7<@UR <' >UR@UR >/ R5( X:X(& <' 7, 7M  @L;(R(LD

(LX7$( ><MU;(' L>'U$(' L>$('UL(


/
, WAC+?  C, J, J,  7, * $C, % !C, !
, W&9AM+  C, J, J,  4( AC,

@.396 $5 @U;@ , ( 4  "( 1 $< @L>X7'( R5( M7<4:( M(LX7$( )+94U+KW, Y5(L(
, 7M R5( 2>Y @L;(R(L MM>$7R(' Y7R5 R5( L(EU(MR />L R5( H'(:7X(LI M(LX7$(& <' J ,
7M R5( 2>Y L(::[ '(:7X(L('D
IiOI `A]=]FA.WC] )FC]WFA F5  ]<W..=]C@ XgX].B 7II

(LX7$( ><MU;(' L>'U$(' L>$('UL(


)+94U+KW, , J, J,   ,

/,96 $5 R<9 , ( 4  "( 1( / $< @L>X7'( R5( M(LX7$( , WMPAK+& Y5(L( 9, 7M R5(
:(X(: 7< R<9 4 & J, 7M R5( '7//(L(<$( (RY((< R5( 7<@UR <' >UR@UR 2>YM 7< R5( R<9&
9,1 <' ", L( @L;(R(LMD

(LX7$( ><MU;(' L>'U$(' L>$('UL(


, WMPAK+ J, 9, 9, $P% 
    
 3 4( ", J, $P%)P ( 9,1

/91896 $5 M(<M>L , ( 4  "( 1( / $< @L>X7'( R5( M(LX7$( 9+U+9WU"9T+, & Y5(L( 9,
7M R5( RLU( :(X(: 7< R<9 4( 3, 7M 7RM ;(MUL(' X:U( A(MR7;R(' [ R5( M(<M>LB <' 0 7M
 47X(< /U<$R7><D

(LX7$( ><MU;(' L>'U$(' L>$('UL(


9+U+9WU"9T+, 9, 3, 3,  0$9, %

1/=81--896 ><RL>::(L  @L>'U$(M R5( , @L;(R(LM >/ R5( @U;@MD Y> M(LX7$(M
L( @L>X7'('& <;(:[ ,EW Y57$5 '(:7X(LM R5( $><RL>: M74<: />L R5( ;Z7;U;
2>Y <' 8%A+B#/D Y57$5 '(:7X(LM R5( $><RL>: M74<: />L   L(4U:R(' 2>Y& Y5(L(
1
, 7M R5( ;Z7;U; X:U( >/ R5( 2>Y Y57$5 $< ( L(EU(MR(' /L>; @U;@ , &
V, 7M R5( L(/(L(<$( :(X(: />L R5(  $><RL>::(L& <'  , & AL(M@($R7X(:[ , B L( R5(
@L>@>LR7><: AL(M@($R7X(:[ 7<R(4L:B $>(/0$7(<RM >/ R5(  L(4U:R>LD

(LX7$( ><MU;(' L>'U$(' L>$('UL(


,EW ,  4 , ,  1
,
K+0T9W/ 9AV,  3, ( V, , , 

 , $3, 4 V, % ' , $3, 4 V, %)P

><RL>::(L . @L>X7'(M R5( M(LX7$( &A?PKA9W, & Y57$5 7M MM>$7R(' Y7R5 < ><Q>//
L(4U:R7><& <' Y57$5 L(EU(MRM R5( , WAC+? <' , W&9AM+ M(LX7$(M >/ R5( X:X(M&
Y5(L( 3 $
, ( 3, L( R5( ;7<Q;Z :(X(: X:U(M MM>$7R(' Y7R5 R5( ><Q>// L(4U:R>L& U ,
7M R5( $><RL>: L(EU(MR R> X:X( 4 $U, ) #/2-+/9$% E
7I_ IiO KKA>)]>FC .fBKA.X

(LX7$( ><MU;(' L>'U$(' L>$('UL(


3, / 3 
,  U,  AC+?
&A?PKA9W,  3, ( 3 $
, ( 3, U,
3, , 3 $
,  U,  &9AM+

9).19 / 1+=*A96 5( '(0<7R7>< >/ R5( UM(6;>'( M(R >/ R5( >X(L:: M[M6
R(;& <' />L ($5 UM(6;>'( R5( '(0<7R7>< >/ 7RM MM>$7R(' >8($R7X(M '7L($R:[ L(MU:R
/L>; R5( M@($70$R7>< <:[M7MD >L R5( R5L((6R<9 M[MR(;& R5( '7//(L(<R >8($R7X(M
L( R5( />::>Y7<4%
% 8($R7X( ]% > $R7><
% 8($R7X( ?% ($5 R5( :(X(: M(R @>7<RM M /MR M @>MM7:(
% 8($R7X( T% (4U:R( R5( :(X(:M R> R5( M(R @>7<RM
% 8($R7X( S% >;@:(R(:[ (;@R[ R5( M[MR(;
% 8($R7X( 3% L>R($R R5( (<X7L><;(<RD
5( />::>Y7<4 R:( 47X(M R5( '7//(L(<R UM(6;>'(M <' R5( MM>$7R(' >8($R7X(MD

U;(L >/ UM(6;>'( ;( 8($R7X(M


] >W>@(LR7>< ]
? L(@LR7>< ?& 3
T (4U:R7>< T& 3
S <'W>/W@L>'U$R7>< S& 3
3 ::W$9 S

5( MM>$7R(' UM(6;>'( ;<4(;(<R 4L@5 7M 47X(< >< 74D ?]DTD

   

  
 
  
      
       

 
 

     
       
  


  
       


           


 


 
   
 

+ '9+1+ X.=BF,. BC:.B.C] :WK<


IiOI `A]=]FA.WC] )FC]WFA F5  ]<W..=]C@ XgX].B 7I^

*'()-A- 98A*96 8($R7X(M L( $57(X(' /L>; R5( M(LX7$(M @L>X7'(' [ R5(
M[MR(; (:(;(<RL[ $>;@><(<RMD 74UL( ?]D3 47X(M R5( @[L;7': '($>;@>M7R7>< >/
R5( R5L((6R<9 M[MR(;& Y57$5 7M '($>;@>M(' 7<R> R5L(( MUM[MR(;M& ($5 >/ R5(;
$><MR7RUR(' >/ ><( R<9 <' 7RM 7<MRLU;(<RR7><D

             

                                   


          

                    

                                   
+ '9++ gWB>,A ,.)FBKFX>]>FC

5( M(LX7$(M >/ R5( (:(;(<RL[ $>;@><(<RM '(0<( H7<MRLU$R7><MI A M7$ X>$U6
:L[B Y7R5 Y57$5 H@L>4L;MI AY>L'M />L;(' >< R57M X>$U:L[& UM7<4 47X(< $><<($6
R>LMB $< ( YL7RR(< R> '(:7X(L M(LX7$(M >/ 5745(L :(X(:D 5( /(M7:( $>;7<R7><M >/
(:(;(<RL[ M(LX7$(M Y57$5 @L>X7'( R5( MUM[MR(; ? AL(M@($R7X(:[ MUM[MR(; SB M(L6
X7$(M L( 47X(< [ R5( 0LMR $>:U;< >/ R:( ? AL(M@($R7X(:[ R:( TB Y5(L( R5( YL7R7<4
"E1  # WMPAK+( )+94U+KW (  W&9AM+(  , WAC+?$
;(<M R5R R5( />UL (:(;(<RL[ M(LX7$(M 7< R5( L$9(RM L( <(('(' R> @L>X7'( R5(
57456:(X(: M(LX7$(% H'($L(M( :(X(: 7< <9 ?ID >R( R5R& $$>L'7<4 R> R5( $><RL>:
L$57R($RUL(& R57M 57456:(X(: M(LX7$( $>U:' ( 7;@:(;(<R(' 7< '7//(L(<R Y& />L
(Z;@:(%
 WMPAK+ OO )+94U+KW OO  W&9AM+ OO  , WAC+?
AY5(L( QQ ;(<M R5( @L::(: (Z($UR7>< $><<($R>LB 7/ R5( @U;@ <' R5( X:X(M L(
7<R(::74(<R $RUR>LM Y7R5 R5(7L >Y< @L>$(MM7<4 U<7R& >L
 WMPAK+ OO  
Y5(L(   7M '(0<(' [ R5( @L>4L;%
)A
)+94U+KW
 W&9AM+
 , WAC+?
+?)W)A
Y57$5 $>LL(M@><'M R> R5( HY>L'I )+94U+KW O W&9AM+O , WAC+?& Y5(L( Q 7M R5(
M(EU(<$7: (Z($UR7>< $><<($R>L& 7/  (  (  , L( $><RL>::(' [ R5( M;( @L>$(MM7<4
U<7RD 5( $>LL(M@><'7<4 /U<$R7><: 7<R(L@L(RR7><M 7< R5( $M( Y5(L( R5( M(LX7$(M L(
7I9 IiO KKA>)]>FC .fBKA.X

LU< /L>; R5( L(4U:R7>< <>;7<: $><'7R7><M L( 47X(< [ R5( M($><' $>:U;< >/ R5(
R:(MD

- 2F6? (LX7$( >/ MUM[MR(; ?%  /U<$R7><: 7<R(L@L(RR7><


/>L 3  4E & <' 3,  4E" 
(M7:( $>;7<R7>< U<$R7><: 7<R(L@L(RR7><
7/  6 4 7<$L(M(
"E"  :(X(: ?& (:M( 9((@
# WMPAK+( )+94U+KW (  W&9AM+(  , W&9AM+$ :(X(: ? $><MR<R
"E1 
'($L(M( :(X(: ?
# WMPAK+( )+94U+KW (  W&9AM+(  , WAC+?$
"E/ 
'($L(M( :(X(: ?
# WMPAK+( )+94U+KW (  WAC+?(  , W&9AM+$
"E 
'($L(M( :(X(: ?
# WMPAK+( )+94U+KW (  WAC+?(  , WAC+?$

- 2F6> (LX7$( >/ MUM[MR(; S%  /U<$R7><: 7<R(L@L(RR7><


/>L 3  4E & <' 3,  4E" 
(M7:( $>;7<R7>< U<$R7><: 7<R(L@L(RR7><
/E"  #, WMPAK+(  W&9AM+(  , W&9AM+$ '($L(M( :(X(: S
/E1  #, WMPAK+(  W&9AM+(  , WAC+?$ 7<$L(M( :(X(: S
/E/  #, WMPAK+(  WAC+?(  , W&9AM+$ 7<$L(M( :(X(: S
/E  #, WMPAK+(  WAC+?(  , WAC+?$ 7<$L(M( :(X(: S

(LX7$(M >/ MUM[MR(;M ? <' S $< R5(;M(:X(M ( MM>$7R(' R> @L>X7'( M(LX7$(M
R R5( M[MR(; :(X(:D M 7< R5( @L(X7>UM MR(@& /(M7:( MM>$7R7><M L( UR>;R7$::[
4(<(LR(' [ R5( (Z@:>LR7>< >/ R5( @>MM7:( M(LX7$( $>;7<R7><M R97<4 $L( R5R
R5( $5>7$( >/  :( ?]DS M(LX7$( ;[ 7;@>M( R5( $5>7$( >/  :( ?]D3 M(LX7$(&
M7<$(  @LR >/ R5( (:(;(<RL[ M(LX7$(M 7;@:7(' 7< R5( 44L(4R(' ><( L( R5( M;(D
>L (Z;@:(&  M(LX7$( Y57$5 ;9(M UM( >/  WAC+? $<<>R ( LU< M7;U:R<(>UM:[
Y7R5  M(LX7$( Y57$5 ;9(M UM( >/  W&9AM+D (M7:( $>;7<R7><M >/ 4L>U@ ? <'
S M(LX7$(M R> @L>X7'( M[MR(; M(LX7$(M L( 47X(< [ R5( 0LMR $>:U;< >/ :( ?]D3D
5( $>LL(M@><'7<4 /U<$R7><: 7<R(L@L(RR7>< 7< R5( $M( Y5(L( R5( M(LX7$( 7M LU< /L>;
R5( L(4U:R7>< <>;7<: $><'7R7><M 7M 47X(< [ R5( M($><' $>:U;<D
IiOI `A]=]FA.WC] )FC]WFA F5  ]<W..=]C@ XgX].B 7I7

- 2F6& 7456:(X(: M(LX7$(M%  /U<$R7><: 7<R(L@L(RR7>< />L 3  4E  <'


3,  4E" 
7456:(X(: M(LX7$( U<$R7><: <R(L@L(RR7><
4E"  #"E"( /E"$ 7<$L(M( >L 9((@ :(X(: ?& '($L(M( :(X(: S
4E1  #"E1( /E1$ '($L(M( :(X(: ?& 7<$L(M( :(X(: S
4E/  #"E/( /E/$ '($L(M( :(X(: ?& 7<$L(M( :(X(: S
4E  #"E( /E$ '($L(M( :(X(: ?& 7<$L(M( :(X(: S

:( ?]D3 M5>YM R5R R5(L( 7M <> M(LX7$( Y57$5 ::>YM R> 9((@ <9 ? <' <9 S
:(X(:M $><MR<RD ><M(EU(<R:[ R5( L(4U:R7>< >8($R7X( $< ><:[ ( @(L/>L;(' [ L(6
EU(MR7<4 MU$$(MM7X(:[ :(X(:67<$L(M7<4 <' :(X(:6'($L(M7<4 M(LX7$(MD 5( L(4U:R7><
>8($R7X( $57(X(;(<R L(EU7L(M R5( :(X(: M(R @>7<RM V ( 3 $
, ( 3, M 7<@UR <' $< (
@L>X7'(' [ '7//(L(<R X(LM7><M& Y57$5 L( 47X(< [

 1E" - #4E"( 4E/( 9+U+9WU"9T+, ( 9+U+9WU"9T+ ( K+0T9W/ 9AV ( &A?PKA9W $


 1E1 - #4E"( 4E1( 9+U+9WU"9T+, ( 9+U+9WU"9T+ ( K+0T9W/ 9AV ( &A?PKA9W , $
 1E/ - #4E"( 4E( 9+U+9WU"9T+, ( 9+U+9WU"9T+ ( K+0T9W/ 9AV ( &A?PKA9W &
&A?PKA9W , $

5( :4>L7R5; Y57$5 L(:7M(M M(LX7$(  1E" $>U:' (& />L (Z;@:(%

-'18*=(. 2F62 @51 +%/8(>&,


/3@=9 V ( 3 $
, ( 3,
1 <R7: (<' >/ L(4U:R7>< M(LX7$(D
?D K+0T9W/ 9AVW    / $V ( 3 %D
TD &A?PKA9W  U  / $3, ( 3 $
, ( 3, %D
SD 7/ U  AC+? R5(< ]DS (:M( ]D?D

@-=9 9/8*196 5(< /U:RM >$$UL& M>;( :>Y(L :(X(: M(LX7$(M ($>;( U<X7::(
>L ($>;( @(L;<(<R 7< R7;(D 5( X7::( X(LM7><M >/ R5( 57456:(X(: M(LX7$(M L(
R5>M( Y57$5 '> <>R L(EU7L( R5( :>MR :>Y6:(X(: M(LX7$(M <' 7< Y57$5 R5( @(L;<(<R
:>Y6:(X(: M(LX7$(M L( 7;@:7('D (R UM $><M7'(L R5L(( (Z;@:(MD
/8*1 2F62 5( $ULL(<R >@(LR7>< ;>'( 7M  T& <' R5( $ULL(<R:[ UM(' X(L6
M7>< />L $57(X7<4 >8($R7X( T 7M R5( <>;7<: ><( TD?D U@@>M( R5R :X(  4(RM
:>$9(' $:>M('D 5( <:[M7M 7M M />::>YM%
% (LX7$(  W&9AM+ 4(RM @(L;<(<R 7< R7;( <' M(LX7$(  WAC+? ($>;(M U<X7:6
:(D 5(L(/>L(& M(LX7$(M ?DS& ?D3& SDS& <' SD3 ($>;( U<X7::(& Y57$5
7;@:7(M R5( U<X7:7:7R[ >/ M(LX7$(M ]DS <' ]D3D
7I[ IiO KKA>)]>FC .fBKA.X

% 5(L( (Z7MRM ><( X(LM7><& <;(:[ TDT& Y57$5 $< ( LU< R> $57(X( R5( L(4U:R7><
>8($R7X(& M7<$( 7R '>(M <>R ;9( UM( >/ <[ U<X7::( M(LX7$(D 5( <>;7<:
X(LM7>< $< <> :><4(L ( @L>X7'(' UR >8($R7X( T $< MR7:: ( $57(X('& R5<9M R>
M(LX7$( L($><04ULR7><D
/8*1 2F6? 5( $ULL(<R >@(LR7>< ;>'( 7M  T& <' R5( $ULL(<R:[ UM(' X(L6
M7>< />L $57(X7<4 >8($R7X( T 7M R5( <>;7<: ><( TD?D U@@>M( R5R :X(  4(RM
:>$9(' >@(<D 5( <:[M7M 7M M />::>YM%
% (LX7$(  WAC+? 4(RM @(L;<(<R 7< R7;( <' M(LX7$(  W&9AM+ ($>;(M U<X7:6
:(D 5(L(/>L(& M(LX7$(M ?D?& ?DT& SD?& SDT ($>;( U<X7::(& Y57$5 7;6
@:7(M R5( U<X7:7:7R[ >/ M(LX7$(M ]D?& ]DTD
% 5( <>;7<: X(LM7>< />L $57(X7<4 >8($R7X( T $< <> :><4(L ( @L>X7'('& <'
<> >R5(L X(LM7>< $< ( @(L/>L;('& M7<$( M(LX7$( ]D? 7M $>;;>< R> :: X(LM7><MD
(X(: ? $<<>R ( 9(@R R> 4E & <' 7R ;9(M <> M(<M( R> MR[ 7<  T <[ :><4(LD
 @>MM7:( M>:UR7>< 7M R> ;>X( R> <>R5(L UM(6;>'( Y5>M( ;7MM7><M >R5 '> <>R
$><R7< R5( L(4U:R7>< ><( <' $< ( /U:0:(' UM7<4 R5( L('U$(' M(R >/ L(;7<7<4
M(LX7$(MD <>R5(L @>MM7:( M>:UR7>< 7M R> $5<4( R5( >L747<: ;7MM7>< @L;(R(LM
M> M R> ;9( MU$$(MM @>MM7:(& (D 4D $5<4( :(X(: ? M(R @>7<R /L>; V R> V
&
Y5(L( V
7M R5( :(X(: >/ R5( X:X(  $><<($R7<4 @7@(D 7R5 R57M <(Y >8($R7X(&
:(M ?]DT& ?]DS& ?]D3 ($>;(M :(M ?]D1& ?]DP& ?]DO A><:[ R5( /U<$R7><: 7<6
R(L@L(RR7>< $5<4(MB <' :(X(: S $< ( L(4U:R(' UM7<4 ><( >/ R5( X(LM7><M 47X(<
[
 1E"  #4E/( 4E( 9+U+9WU"9T+, ( 9+U+9WU"9T+ ( K+0T9W/ 9AVW ( &A?PKA9W , $E

- 2F6$ (LX7$( >/ MUM[MR(; ?%  /U<$R7><: 7<R(L@L(RR7>< />L 3  V


<'
3,  4E" 
(M7:( $>;7<R7>< U<$R7><: 7<R(L@L(RR7><
7/  6 4 7<$L(M(
"E/  :(X(: ?& (:M( 9((@
# WMPAK+( )+94U+KW (  WAC+?(  , W&9AM+$ :(X(: ? $><MR<R
"E 
'($L(M( :(X(: ?
# WMPAK+( )+94U+KW (  WAC+?(  , WAC+?$

- 2F6; (LX7$( >/ MUM[MR(; S%  /U<$R7><: 7<R(L@L(RR7>< />L 3  V


<'
3,  4E" 
(M7:( $>;7<R7>< U<$R7><: 7<R(L@L(RR7><
/E/  #, WMPAK+(  WAC+?(  , W&9AM+$ '($L(M( :(X(: S
/E  #, WMPAK+(  WAC+?(  , WAC+?$ 7<$L(M( :(X(: S
IiOI `A]=]FA.WC] )FC]WFA F5  ]<W..=]C@ XgX].B 7IZ

- 2F6: 7456:(X(: M(LX7$(M%  /U<$R7><: 7<R(L@L(RR7>< />L 3  V


<' 3, 
4E" 
(M7:( $>;7<R7>< U<$R7><: 7<R(L@L(RR7><
4E/  #"E/( /E/$ '($L(M( :(X(: ?& 7<$L(M( :(X(: S
4E  #"E( /E$ '($L(M( :(X(: ?& 7<$L(M( :(X(: S
/8*1 2F6> 5(L( 7M  :(9 7< <9  D 5( $>LL(M@><'7<4 MR>L4( M(LX7$( (6
$>;(M U<X7::( <' R5( (<X7L><;(<R @L>R($R7>< >8($R7X( $< <> :><4(L ( /U:6
0::('D 5( M[MR(; 5M R> ( ;>X(' R> < UM(6;>'( 7< Y57$5 R57M >8($R7X( '>(M <>R
@@(L& <;(:[ R5( /:: $9 UM(6;>'(D < R57M UM(6;>'(& $57(X7<4 >8($R7X( S :('M
R> $>;@:(R(:[ (;@R[ R5( R<9MD
M  L(;L9& 7R M5>U:' ( <>R(' R5R />L R5( $>;7<R7>< >/ <9M . <' , R>
@@(L M  L('U<'<R 5L'YL( ::>Y7<4 /ULR5(L L($><04ULR7><& >8($R7X( T M5>U:'
5X( ((< />L;U:R(' M% HL(4U:R( :(X(:M ? <' S >L :(X(:M T <' S R> R5( M(R @>7<RMID

2F626> 1-@=*1/ 1" =( 81/#'@8=*1/ =9,


5( L($><04ULR7>< @L>:(; >/ R5( R5L((6R<9 M[MR(; 7<$:U'(M '7M$L(R( '($7M7><M
R5R 5X( R> ( ;'( $><$(L<7<4 R5( $5>7$( >/ R5( $RUR>LM& R5( M(<M>LM& R5( $><6
RL>::(L <' R5( M(R6@>7<RMD 5(L(/>L(& 7R 7M L(M><:( R> UM(  L(@L(M(<RR7>< >/ R5(
R5L((6R<9 M[MR(; Y57$5 L(/(LM '7L($R:[ R> R5(M( '($7M7>< XL7:(MD 5( ;(R5>' @L(6
M(<R(' 7< ($R7>< =DO Y7:: ( @@:7(' 5(L(& Y5(L( R5( <><6'(R(L;7<7MR7$ UR>;R><
7M MRL$R(' /L>;  '7M$L(R(6R7;( X(LM7>< >/ R5( $><R7<U>UM6XL7:( ;>'(: A?]DTB ,
A?]D3BD

8=*=*1/*/' 1" =( 9*'/- 9396 5( EU<R7M(L >/ R5( :(X(: 3. 7M :L('[ 47X(< 7<
R5( @L>:(; />L;U:R7><& Y5(L( R57M :(X(: 7M ><:[ 9<>Y< R> MMU;( ><( >/ R5( R5L((
EU:7RR7X( X:U(M +/D& ,(A, >L &(%&D 5( EU<R7M(LM />L 3 <' 3, L( 7<RL>'U$('
'(:7(LR(:[& ($UM( R5( '($7M7>< $><$(L<7<4 R5( L($><04ULR7>< >/ R5( $><RL>::(L
'>(M& 7< 4(<(L:& <>R '(@(<' >< R5( @L($7M( EU<R7RR7X( X:U( 9 UR ><  4:>:
MM(MM;(<R
9 >/ R5( MRR(D (<$(& R5( M74<: M@$(M >/ R5( R<9 :(X(:M L( @LR7R7><('
7<R> R5( M7Z 7<R(LX:M '(M$L7(' 7< R5( />::>Y7<4 R:(D


3,  +=CPY 3, )
4( 4E4 %

3,  9AV 3, )
4E4 ( 4E"" %

3,  =+)4T= 3, )
4E"" ( 4E %

3,  3403 3, )
4E ( 4E" %

3,  / T99 3, )
4E" ( 4E-4 %

3,  AU+K/ 9AV 3, , 4E- 

<MR(' >/ R5( R<9 :(X(:M 3, ><:[ R5( EU:7RR7X( X:U(M


3, L( MMU;(' R> ( 9<>Y<&
Y57$5 />L; R5( X($R>L
7I2 IiO KKA>)]>FC .fBKA.X


9$7%  $
3 $7% (
3, $7% (
3. $7% % E
>L R5( X:X(M& R5( EU:7RR7X( X:U(M +/9 <' /2- $>LL(M@><' R> R5( EU<R7RR7X(
X:U(M  AM$ %  4 >L  AM$ %  "& L(M@($R7X(:[D 5( M(R @>7<R 3' 7M MMU;(' R>
5X( ><( >/ R5( EU:7RR7X( X:U(M
3 >/ R5( :(X(: >/ <9  <' R5( @U;@ . 7M
MMU;(' R> 5X( R5L(( EU:7RR7X( X:U(M M M5>Y< 7< R5( />::>Y7<4 R:(%


,  &9AM+)  AM$, %  4

,  AC+?  AM$, %  "


.

 A/ / 
. 4




.  =+)4T= 
.  4E 1




.

 A? 
.  1


5( '7M$L(R( 7<@UR X($R>L


6$7% 7M $>;@>M(' >/ R5( EU:7RR7X( 7<@UR X:U(M M7;76
:L:[ M R5( EU:7RR7X( MRR(
9$7% D

@-*==*A .1--*/' 1" =( =/, 9D9=.6  ;>'(: A=DS+B >/ R5( R5L((6R<9 M[M6
R(; MU8($R R> R5( R5L(( /U:RM $><M7'(L(' $< ( >R7<(' [ @@:[7<4 R5( MRL$6
R7>< ;(R5>' '(X(:>@(' 7< ($R7>< =D3DSD >L R5( L($><04ULR7>< @UL@>M(M&  <><6
'(R(L;7<7MR7$ UR>;R>< 7M UM(' LR5(L R5<  MR>$5MR7$ UR>;R><D 5( UR>;R><
R9(M 7<R> $$>U<R :: R5L(( R<9M& ($UM( R5( L745R R<9 5M R> ( UM(' 7< $M( >/
R5( /U:R /, D M R5( :(X(:M 7< <9M  <' , L( EU<R7M(' 7<R> P 7<R(LX:M ($5 <'
R5( :(X(: >/ R5( ;7'':( R<9 7<R> R5L(( 7<R(LX:M& R5( UR>;R>< 5M - 8 / 8 -  "41
MRR(M <' $<<>R ( M5>Y< 5(L(D
/R(L R5( EU:7RR7X( ;>'(: 5M ((< >R7<(' [ R5( MRL$R7>< @L>$('UL(& R5(
$><RL>::(L 5M ((< />U<' [ :4>L7R5; =DSD 7R5 R5( L(EU7L(;(<RM 47X(< />L R5(
R5L((6R<9 M[MR(;& R5( M(R  $/ % >/ ';7MM7:( >@(LR7>< @>7<RM 7M 47X(< [
 $/ %  #
9  EMD A?]DOB <' A?]D+B L( MR7M0('$E
>L /U:R / &
 $/ %  #$
3 ( =+)4T=(
3, % Y7R5 L7RLL[
3 (
3, $
5>:'MD 5( /U<$R7>< 7> $< ( L(@L(M(<R(' M  RU:L M5>Y7<4 R5( L(:R7>< ;><4
R5( '7//(L(<R /U:RM / & R5( EU:7RR7X( MRR(
9 <' R5( EU:7RR7X( 7<@UR
6 D

C38*./=- 89@-=96 Z@(L7;(<RM Y7R5 R5( R5L((6R<9 M[MR(; 5X( ((< ;'(
Y7R5 M;@:7<4 R7;( A  , * <' Y7R5 R5( EU<R7M(L '(M$L7(' >X(D
9$7% 7M
;(MUL(' [ $@$7R[ M(<M>LM R5R 7<'7$R( ;(L(:[ Y5(R5(L R5( :7EU7' :(X(: 7< R5(
R<9 7M >X( >L (:>Y R5( M(<M>L @>M7R7><D R R7;( 7  4 R5( /U:R6R>:(L<R $><RL>:
:4>L7R5; 7M 7</>L;(' >UR R5( $ULL(<R /U:R / & Y57$5 5M ((< @@:7(' R> R5( R<9
M[MR(; (L:7(L <' Y57$5 5M L>U45R R5( R<9 :(X(:M R> HYL><4I X:U(MD 5(< R5(
$>;@UR(L M(:($RM R5( $><RL>: 7<@UR $$>L'7<4 R> R5( $><RL>: :Y 7> D
IiOI `A]=]FA.WC] )FC]WFA F5  ]<W..=]C@ XgX].B 7ID

ç²Ë
¥
९ϰ\ÍiÏiÂ

ç²{

6¥Ñ
ç²x
ç²Ö

ç
ç
ç ¥çç Öçç Ñçç {çç xçç ç ¥çç Öçç Ñçç {çç xçç
Ï\Í/ˆ“i Ï\Í/ˆ“i

ç²Ë
¥
àѯϰ\ÍiÏiÂ

ç²{

ç²x
ç²Ö

ç
ç
ç ¥çç Öçç Ñçç {çç xçç ç ¥çç Öçç Ñçç {çç xçç
Ï\Í/ˆ“i Ï\Í/ˆ“i

+ '9++ .<d>F`W F5 ]<. W.)FC6:`W., XgX].B 5FW 5`A] -

ç²Ë
¥
९ϰ\ÍiÏiÂ

ç²{
6¥Ñ

ç²x
ç²Ö

ç
ç
ç ¥çç Öçç Ñçç {çç xçç ç ¥çç Öçç Ñçç {çç xçç
Ï\Í/ˆ“i Ï\Í/ˆ“i

ç²Ë
¥
àѯϰ\ÍiÏiÂ

ç²{

ç²x
ç²Ö

ç
ç
ç ¥çç Öçç Ñçç {çç xçç ç ¥çç Öçç Ñçç {çç xçç
Ï\Í/ˆ“i Ï\Í/ˆ“i

+ '9+/+ .<d>F`W F5 ]<. W.)FC6:`W., XgX].B 5FW 5`A] -


7_i IiO KKA>)]>FC .fBKA.X

5( (Z@(L7;(<R: L(MU:RM L( M5>Y< 7< 74D ?]D1 />L /U:R / <' R5( 7<7R7: MRR(
92  & Y57$5 $>LL(M@><'M R> R5( (ZRL(;( MMU;@R7>< R5R /R(L R5( /U:R 5M >$6
$ULL('& R5( R<9 M[MR(; 7M (;@R7(' U<R7: R5( /U:R 5M ((< 7'(<R70('D 57M (ZRL(;(
MMU;@R7>< 7M ;'( R> M5>Y R5( (//($R >/ R5( '7M$L(R( $><RL>::(L& Y57$5 Y>L9M U<R(L
R5( 7<2U(<$( >/ R5( /U:RD 5( $><RL>::(L UM(M R5( X:X(  . M <(Y $><RL>: 7<@UR
<' L7<4M R5( M[MR(; 7<R> R5( L(EU7L(' MRR( Y7R57< >UR ",4 *D < R5( (Z@(L7;(<R
M5>Y< 7< 74D ?]DP& U:R /. >$$ULL('D 5( $><RL>::(L L('U$(M R5( M(R @>7<R >/ R5(
:(X(: $><RL>::(L >/ <9  R>
3'  =+)4T= <' UM(M 47< R5( X:X(  . R>
L7<4 R5( :(X(: >/ <9 . R> R5( L(EU7L(' X:U( =+)4T=D

)9+3 !&(.!. & 4$1 1($-&1 (&1-($ (  %!$ *-(..

< R57M M($R7><& /U:R '74<>M7M <' /U:R6R>:(L<R $><RL>: L( @@:7(' R> RY> $5(;7$:
@L>$(MM(M& Y5(L( 7< R5( 0LMR $M(  /U:R6R>:(L<R R(;@(LRUL( <' :(X(: $><RL>::(L
M5>U:' ( @@:7(' Y5(L(M 7< R5( 7; >/ R5( M($><' $M( 7M R> RR(<UR( '7MRUL<$(M
$><$(L<7<4 R5( $><'U$R7X7R[ <' R(;@(LRUL( >/  :7EU7'D >R5 @L>:(;M L( R$9:('
[ ;(<M >/ :7<(L7M(' ;>'(:MD 5( (Z@(L7;(<RM Y7R5 7<'UMRL7: (EU7@;(<R M5>Y
7;@L(MM7X( L(MU:RM Y7R5 R5( ;(R5>'M '(X(:>@(' 7< R57M >>9 UR :M> @>7<R R> R5(
L(MRL7$R7><M >/ R5( /U:R R>:(L<$( 7/ R5( @L>$(MM '7X(L4(M $><M7'(L:[ /L>; R5( >@(L6
R7>< @>7<R <' R5( <><:7<(L7R7(M M57/R R5( @:<R @L>@(LR7(M /L>; R5( <>;7<: ><(MD

2F6?62 @-= *'/19*9 D ./9 1"  *98=)A/= .1-

5( (Z@(L7;(<R: M(R6U@ UM(' />L R5( R(MR >/ EU:7RR7X( '74<>MR7$ ;(R5>'M 7M '(6
@7$R(' 7< 74MD ?]DO <' ?]D+D :R5>U45 R5( ;7< ;>'(::7<4 @L>:(;M L( @>M(' [
R5( MR7LL(' L($R>L& Y57$5 7M '(@7$R(' 7< R5( ;7'':( >/ 74D ?]D=& R5( /U:RM //($R >R5(L
@LRM >/ R5( Y5>:( M[MR(; M Y(::D
74UL( ?]D= M5>YM R5( @LR >/ R5( @L>$(MM R5R 7M $><M7'(L(' /ULR5(LD < 7<2>Y6
7<4 :7EU7' 7M 5(R(' 7< R5( MR7LL(' R<9 L($R>L MU$5 R5R R5( >UR2>Y7<4 :7EU7' 5M 
R(;@(LRUL( >/ @@L>Z7;R(:[ ,4 D 5( R(;@(LRUL( 7M $><RL>::(' [  'U:6;>'(
$><RL>::(L MY7R$57<4 >R5 5(R7<4 (:(;(<RM M7;U:R<(>UM:[ >< >L >// MU$5 R5R R5(
R(;@(LRUL( 7< R5( L($R>L 7M 5(:' (RY((< - <' ," D 5( :7EU7' :(X(: 7< R5(
R<9 7M $><RL>::(' [ ;(<M >/  'U:6;>'( $><RL>::(L R5R >@(<M R5( >UR:(R X:X(
5:/ >L $>;@:(R(:[ MU$5 R5R R5( :(X(: 7< R5( L($R>L XL7(M (RY((< /4 <' 4 D <
74D ?]D?S& R5( /U:R:(MM (5X7>UL >/ R5( @L>$(MM 7M '(@7$R('D 5( X:X(M .2 <' 2
L( ''7R7><: 7<@URM Y57$5 L( <>R UM(' U<'(L /U:R:(MM $><'7R7><M UR ;[ ( UM('
7< /U:R6R>:(L<R $><RL>:D 7R5 R5(M( X:X(M& YR(L >/ R(;@(LRUL( T]6  >L =]6 &
L(M@($R7X(:[& $< ( @UR 7<R> R5( L($R>LD

@-=96 < R5( />::>Y7<4& R5L(( /U:RM Y7:: ( $><M7'(L('& Y57$5 :: :>$9 R5( $><6
RL>::(LM <'& 5(<$(& <($(MM7RR(  L($><04ULR7>< >/ R5( $><RL>: :4>L7R5;%
IiO_ >:CFX>X C, 5`A]=]FA.WC] )FC]WFA F5  )<.B>)A KWF).XX 7_I

+ '9+.+ <. )<.B>)A KAC]  

% =*/' -./= "@-=6 /  M7<4:( 5(R7<4 (:(;(<R $(M(M R> >@(LR(& R5( 5(R7<4
@>Y(L 7M 7<MU/0$7(<R R> ;7<R7<  L($R>L R(;@(LRUL( >/ ,4 D

% -A "@-=6 / R5( >UR:(R X:X( 7M MRU$9 7< R5( $>;@:(R(:[ >@(<(' @>M7R7><& /R(L
M>;( R7;(& R5( :7EU7' :(X(: /::M (:>Y 14  Y57$5 7M (:>Y R5( R>@ >/ R5( 5(R7<4
(:(;(<RM <' R5(L(/>L( $UM(M  M/(R[ ;($5<7M; R> RUL< >// R5( 5(R7<4 <' R>
'($R7XR( R5( R(;@(LRUL( $><RL>:D U:R6R>:(L<R $><RL>: 5M R> @L(X(<R R5( M/(R[
M[MR(; /L>; M5URR7<4 >// R5( @:<RD

% 11-8 "@-=6 5( R(;@(LRUL(  >/ R5( 7<2>Y7<4 :7EU7' 7M R5( >UR@UR >/ <>R5(L
@L>$(MM 7<$:U'7<4  $>>:(L& Y57$5 ;[ /7:D <'(L <>L;: $><'7R7><M& R5( R(;6
@(LRUL( 7M 1/ D < $M( >/ R5( $>>:(L /U:R& R5( R(;@(LRUL( >/ R5( 7<2>Y7<4
:7EU7' L7M(M R> 4  MU$5 R5R $>>:7<4 LR5(L R5< 5(R7<4 7< R5( MR7LL(' L($R>L 7M
<($(MML[D
7__ IiO KKA>)]>FC .fBKA.X

 # !   $ $ " & 
 
 
  $% '  % #
  
#  $ '  % # 

 
 %      

 
  !     
 
 ! !  % 

   
 & % !    
 ! !  %  

 

   
  
  
    
 
 
 
              



   
 
   
 
 
   


 
  
#  $ '  % #

     

 
    
     
 
 

   
    
    

   
  
  $% '  % #
+ '9++ )<.B]>) ,>:WB F5 ]<. Fd.WAA KWF).XX

>L R5( @:<R $><M7'(L(' 5(L(& R5( 0LMR RY> /U:RM L( 7<R(L<: /U:RM Y5(L(M R5(
R57L' /U:R 7M < (ZR(L<: /U:R A$/D 5@R(L SBD

-/= .1- "18 *'/19*96 >L R5( '(;><MRLR7>< >/ R5( '74<>MR7$ :4>L7R5;&
R5( M[MR(; U<'(L $><M7'(LR7>< 7M R5( MR7LL(' R<9 L($R>L $>;7<(' Y7R5 RY> 'U:6
;>'( $><RL>::(LMD M R5( :>$9 '74L; '(@7$R(' 7< 74D ?]D?] M5>YM& R5( @:<R
5M R5( />UL 7<@UR M74<:M  &  T=C& .2 <' 2 & Y5>M( 7<R(L@L(RR7><M L( :M>
47X(< 7< 74D ?]D=D 5( 'U:6;>'( $><RL>::(L 7M $><M7'(L(' M  @LR >/ R5( M[MR(;
Y5>M( /U:RM M5>U:' ( '74<>M('D 5( ;(MUL(' >UR@UR 7M R5( R(;@(LRUL(  <'
IiO_ >:CFX>X C, 5`A]=]FA.WC] )FC]WFA F5  )<.B>)A KWF).XX 7_^

"  ( *  *  '
 

 ) ! $  % )   - 
   )  $ # +  &   
 % )    - 
 "
   - 
   * 
   ! $  & () & ' " '# &

' " '# &

  )  ! #  
( ! $  & () &
  # " (&#  &
   -
   ( "   )  ! #  
  !  " ('  * 
  # " (&#  &

    !
#  # " 
 ) (  (
 ( & &   *  *      # ! $  (  ,  # $  "
&   (# &

+ '9+%+ W] F5 ]<. KWF).XX `X., 5FW ]<. .fK.W>B.C]X

R5( :7EU7' :(X(: 3 >/ R5( L($R>LD 5( R5L(( /U:RM L( $><M7'(L(' M ''7R7><: 7<@URM
R> R5( M[MR(;D
5( $5(;7$: @:<R 5M $><R7<U>UM M Y(:: M '7M$L(R( M74<:MD >L (Z;@:(& R5(
R(;@(LRUL(M L( $><R7<U>UM Y5(L(M R5( 7<@UR M74<:M 4(<(LR(' [ R5( 'U:6;>'(
$><RL>::(LM L( '7M$L(R(D 5(L(/>L(& R5( EU<R7M(' M[MR(;M @@L>$5 (Z@:7<(' 7<
5@R(L = 7M UM(/U:& ($UM( :: M74<:M L( 7<R(L@L(R(' U<7/>L;:[ M '7M$L(R( M746
<:MD
 MRR(6M@$( ;>'(: >/ R5( L($R>L $< ( '(L7X(' Y7R5 R5( :7EU7' :(X(: <' R5(
R(;@(LRUL( M R5( RY> MRR( XL7:(MD Y> '7//(L(<R7: (EUR7><M >$$UL& Y5(L( R5(
0LMR 7M <:>4>UM R> R5( (EUR7>< UM(' 7< R5( R<9 (Z;@:( R5L>U45>UR R57M >>9
<' R5( M($><' L(MU:RM /L>; < (<R5:@[ :<$(D 5(M( RY> '7//(L(<R7: (EUR7><M
5X( ((< $>;7<(' Y7R5 R5( MY7R$57<4 $><'7R7><M >/ R5( 'U:6;>'( $><RL>::(LM&
Y57$5 L(MU:RM 7<  5[L7' ;>'(: >/ R5( M[MR(; R> ( '74<>M('D $5 'U:6;>'(
$><RL>::(L 5M RY> '7M$L(R( MRR( XL7:(M& Y57$5 L( $><M7'(L(' R> ( 7;;(MUL:(
<' M5>U:' ( >M(LX('D 5( >X(L:: MRR( M@$( $><M7MRM >/ RY> $><R7<U>UM <' RY>
'7M$L(R( MRR( XL7:(MD
5( EU:7RR7X( ;>'(: 7M MRL$R(' /L>;  EU<R7RR7X( ;>'(: />L  M;@:7<4 R7;(
>/ A  "14 *D 5( :7EU7' R(;@(LRUL( <' R5( :(X(: L( R5( >UR@UR M74<:MD >L
R5( EU:7RR7X( ;>'(:& R5( @LR7R7><7<4 >/ R5( $><R7<U>UM6XL7:( MUM@$(& Y57$5 7M
7'(<R7$: R> R5( @LR7R7><7<4 >/ R5( >UR@UR M@$(& 7M '(@7$R(' 7< 74D ?]D??D 5( M7\(
>/ R5( MRR( M(RM L>U<' R5( M(R6@>7<R >/ ,4  7M $5>M(< M;::(L R5< 7< R5( >R5(L
L(47><M >/ R5( MRR( M@$(D 79(Y7M(& R5( 7<@UR M@$( UM(' [ R5( $><RL>::(L >/ R5(
/U:R:(MM M[MR(; 7M @LR7R7><('D 5( ''7R7><: 7<@UR M74<:M& Y57$5 ;[ ( UM(' [
R5( /U:R6R>:(L<R $><RL>::(L& L( R5( @>M7R7><M >/ RY> X:X(M .2 <' 2 & Y57$5 $<
( $>;@:(R(:[ >@(<(' >L $:>M('& ><:[D
7_9 IiO KKA>)]>FC .fBKA.X

  (   ' &

   & !   ' &  " "  $  ' &

 
 
 
 
 !
   
 ' #  !  " $  $
   * !     % * % & 
  
   
  & ) "  " ! & ! ' " ' %
%& & %       
 

 '   "  
 " ! & $ "  $ %
& ) "  %  $  &  % &  &  %
   

  % & $   & " !

  

  !
 
 ' #   '  &  & ( 
  "     
 

+ '9+'9+ $X]W)]>FC F5 ]<. Q`A>]]>d. BF,.A

5( L(MU:R 7M  MR>$5MR7$ UR>;R>< Y7R5 3]] MRR(MD

C38*./=- 89@-=9 "18 9== 198A=*1/6 5( >M(LXR7>< :4>L7R5; '(M$L7('


7< ($R7>< =D1DS 7M @@:7(' R> '(R(L;7<( R5( '7M$L(R( MRR( >/ R5( 'U:6;>'( $><6
RL>::(LMD 5(M( '7M$L(R( MRR(M $>7<$7'( Y7R5 R5( $><RL>: 7<@UR 4(<(LR(' [ R5( $><6
RL>::(LM& Y57$5 MY7R$5 R5( 5(R7<4 >< <' >// <' '(R(L;7<( R5( @>M7R7>< >/ R5( >UR:(R
X:X(D 5( L($R>L R(;@(LRUL(  $P% <' R5( :7EU7' :(X(: 3$P% L( UM(' M >UR@UR ;(6
MUL(;(<RMD 5( RM9 $><M7'(L(' 5(L( 7M R> '(R(L;7<( R5( 'U:6;>'( $><RL>::(L MRR(M
/L>; R5( EU<R7M(' ;(MUL(;(<R 7</>L;R7><D
5( 7<@UR <' >UR@UR M74<:M ;(MUL(' 7< < (Z@(L7;(<R Y7R5 R5( /U:R:(MM @:<R
L( '(@7$R(' 7< 74MD ?]D?T <' ?]D?SD 5( 0LMR 04UL( M5>YM R5( @U;@ @>Y(L
 T=C$P% <' R5( 7<@UR R(;@(LRUL(  $P%D 5( RY> >R5(L 7<@UR M74<:M M5>Y< 7<
74D ?]D?] L( $><MR<RD 5( ;(MUL(' L($R>L R(;@(LRUL(  <' :7EU7' :(X(: 3 L(
IiO_ >:CFX>X C, 5`A]=]FA.WC] )FC]WFA F5  )<.B>)A KWF).XX 7_7

  
 
   
   
  

 

 
                 



 
 


 

 
                  
 

          
+ '9+''+ W]>]>FC>C: F5 ]<. X]]. XK).

                   


 
          
              


       
    
 

 

 

 

        
    
 
               
    
+ '9+'2+ WF).XX >CK`]
7_[ IiO KKA>)]>FC .fBKA.X

    # !     !  # $ !    %        # !   ! " #  #  "



    # !     ! #$ !
 !  # $ !  ' 


  #    


  #    


    #  !   %           #  !   




    # !   %  
 

    % 
     #  &   
  % 
    
 
             
#   " 
+ '9+'1+ `]K`] B.X`W.B.C]X

'(@7$R(' 7< 74D ?]D?SD 57M 04UL( :M> M5>YM R5( RLU( '7M$L(R( MRR(M >/ R5( 'U:6
;>'(: $><RL>::(LM& Y57$5 $>LL(M@><' R> R5( 5(R7<4 MY7R$57<4 <' R5( X:X( @>M76
R7><D 5(M( '7M$L(R( MRR(M 5X( ((< MMU;(' 7;;(MUL:( <'& R5(L(/>L(& R> (
L($><MRLU$R(' [ R5( >M(LXR7>< :4>L7R5;D

  
 

    

               
  


   

 

               
  

+ '9+'+ `A>]]>d. F$X.Wd]>FC W.X`A]


IiO_ >:CFX>X C, 5`A]=]FA.WC] )FC]WFA F5  )<.B>)A KWF).XX 7_Z

5( >M(LXR7>< L(MU:R 7M M5>Y< 7< 74D ?]D?3D 5( @L>7:7R7(M >/ R5( 'U:6;>'(
$><RL>::(L MRR(M L( '(@7$R(' 7< 4L([ M$:(D  'L9 $>:>UL L(@L(M(<RM  5745 <' 
:745R  :>Y @L>7:7R[D :: ;(MUL(;(<R 7</>L;R7>< 5M ((< EU<R7M(' $$>L'7<4
R> R5( $5>M(< M74<: M@$( @LR7R7><M (/>L( R5([ L( @L>$(MM(' [ R5( >M(LXR7><
:4>L7R5;D
5( 4L([ L($R<4:(M />L R5( 7<7R7: R7;( @>7<R M5>Y R5R R5( '7M$L(R( $><RL>::(L MRR(M
$<<>R ( '(R(L;7<(' /L>; R5( ;(MUL(;(<R >R7<(' />L R5( 0LMR R7;( 7<MR<R :><(D
5( :4>L7R5; 5M ((< 7<7R7:7M(' Y7R5  U<7/>L; '7MRL7UR7>< >X(L R5( EU:7RR7X(
MRR(MD R R5( M($><' R7;( MR(@ R5( 5(R7<4 @>M7R7>< $< ( U<7EU(:[ '(R(L;7<(' R> (
H>//I& Y5(L(M R5L(( EU<R7M(' ;(MUL(;(<RM L( <($(MML[ R> '(R(L;7<( R5( X:X(
@>M7R7>< R> ( H5:/6>@(<ID
5( EU:7R[ >/ R5( >M(LXR7>< $< ( (X:UR(' [ $>;@L7<4 R5( >M(LXR7><
L(MU:R Y7R5 R5( RLU( L(MU:RM M5>Y< 7< 74D ?]D?SD R $< ( M((<& R5R R5( >M(LXR7><
:4>L7R5; @L>X7'(M  4>>' @@L>Z7;R7>< >/ R5( '7M$L(R( $><RL>::(L MRR(MD 57M MRR(
>M(LXR7>< 7M 7<$>L@>LR(' 7<R> R5( '74<>MR7$ :4>L7R5; '(M$L7(' 7< R5( />::>Y7<4D

        
      


   
   
  
  


     
       

             


   



         

      
 


+ '9+'+ `A] ,>:CFX>X F5 ]<. W.)]FW


7_2 IiO KKA>)]>FC .fBKA.X

*'/19=* 89@-=96 5( '74<>MR7$ :4>L7R5; '(X(:>@(' 7< ($R7>< =DP 7M @@:7('D
M  5(R7<4 /U:R ;(<M R5R R5( R(;@(LRUL( $><RL>: :>>@ 7M >@(<(' <'& 5(<$(&
R5( $><RL>: 7; $< <> :><4(L ( ;(R& R5( L($R>L YM (EU7@@(' Y7R5  /U:R6R>:(L<R
$><RL>::(L R5R $:>M(M  :>>@ L>U<' R5( M[MR(; $><M7'(L(' M> /LD R UM(M R5( L($R>L
R(;@(LRUL( <' :7EU7' :(X(: M M[MR(; >UR@UR <' R5( X:X(M .2 <' 2 M $><RL>:
7<@UR A74D ?]D?1BD 5( $><RL>::(L 4(RM R5( '74<>MR7$ L(MU:R M /ULR5(L 7</>L;R7><D
5( ''7R7><: $><RL>::(L 7M UM(' 5(L( R> 5>:' R5( L($R>L 7<  :><4 R7;( 7<R(LX:
7<M7'( 7RM L(47>< >/ $$(@R:( @(L/>L;<$(D 5( (Z@(L7;(<R 7M ;'( R> '(;><MRLR(
R5( '74<>MR7$ :4>L7R5;D
M R5( '74<>M7M :M> $><$(L<M R5( $>>:(L /U:R& R5( 7<@UR R(;@(LRUL(  7M <>R
UM(' M ;(MUL(;(<RD
74UL( ?]D?P M5>YM R5( (Z@(L7;(<R: L(MU:RMD 5( U@@(L @LR >/ R5( 04UL( 7<$:U'(M
R5( 7;;(MUL:( 7<@UR R(;@(LRUL(  <' R5( @U;@ @>Y(L  T=C <' R5( ;7'':(
@LR '(@7$RM R5( L($R>L R(;@(LRUL(  <' R5( :7EU7' :(X(: 3 R>4(R5(L Y7R5 R5( 7<@UR
M74<:M .2 <' 2 4(<(LR(' [ R5( /U:R6R>:(L<R $><RL>::(L& Y57$5 L7<4 >UR <
''7R7><: $>:' :7EU7' 7<2>Y >L 5>R :7EU7' 7<2>Y& L(M@($R7X(:[D
5( 0LMR /U:R 7M  L(96'>Y< >/  5(R7<4 (:(;(<R R R7;( +]] M($><'MD M R5(
M($><' /U:R& R R7;( TO]] M($><'M& R5( $>>:(L L(9M '>Y<& Y57$5 :('M R> R5( 7<6
$L(M7<4 R(;@(LRUL( '(@7$R(' 7< R5( U@@(L @LR >/ R5( 04UL(D
74UL( ?]D?O M5>YM R5( '74<>MR7$ L(MU:RD 5( :4>L7R5; 7M MRLR(' 7< R5( MRLR6U@
@5M( >/ R5( @L>$(MM& Y5(< R5( L($R>L R(;@(LRUL( YM MR7:: R>> :>Y <' R5( /U:R6
R>:(L<R $><RL>::(L >@(<M R5( X:X( 2 R> :(R 5>R :7EU7' 7<R> R5( L($R>L R> 7<$L(M(
R5( R(;@(LRUL(D 5( '74<>MR7$ :4>L7R5; @L>X7'(M R5( /U:R @L>7:7R7(M& Y57$5
L( :M> '(@7$R(' 7< 74D ?]D?OD R $< ( M((<& R5R >R5 /U:RM& Y57$5 :M> >$$UL
7< $>;7<R7><& L( '(R($R(' EU7$9:[ <' U<7EU(:[& <' R5( X:X( /U:R 7M (Z@:7$7R:[
(Z$:U'('D
/R(L @@L>Z7;R(:[ R(< ;7<UR(M& R5( 5(R7<4 (:(;(<R /U:R >$$ULMD R $< ( M((<
7< 74D ?]D?O R5R R5( '74<>MR7$ :4>L7R5; 0<'M R57M /U:R R ><$(D > @L(X(<R R5(
L($R>L /L>; :(X7<4 7RM L(47>< >/ $$(@R:( @(L/>L;<$(& R5( /U:R6R>:(L<R $><6
RL>::(L >@(<M R5( X:X( 2 R> :(R 5>R :7EU7' 7<R> R5( L($R>L 7< >L'(L R> MR7:7M( R5(
R(;@(LRUL( '(M@7R( >/ R5( L('U$(' 5(R7<4 @>Y(LD M  L(MU:R& R5( (Z@(L7;(<R $<
( $><R7<U('D
/R(L ><( 5>UL& 7< ''7R7>< R> R5( 5(R7<4 (:(;(<R /U:R&  $>>:(L /U:R >$$ULMD
5( 7<@UR R(;@(LRUL( MRLRM R> L7M( R> 4 D >R( R5R R5( '74<>MR7$ :4>L7R5; 7M
<>R MU@@:7(' Y7R5 R5( '(@7$R(' 7</>L;R7>< >UR R5( R(;@(LRUL(& UR MMU;(M R5R
R5( 7<@UR R(;@(LRUL( 7M :>Y A7D(D (RY((< 14 <' /4 BD >Y(X(L& R5( '74<>MR7$
:4>L7R5; '(R($RM R5( /U:R A74D ?]D?OBD [ UM7<4 R57M 7</>L;R7><& R5( /U:R6R>:(L<R
$><RL>::(L MRLRM ''7<4 $>:' :7EU7' [ >@(<7<4 X:X( .2 <' R5UM L(RUL<M R5( @L>$(MM
7<R> R5( L(47>< >/ $$(@R:( @(L/>L;<$(D

2F6?6? 1/#'@8=*1/ 1"  -A- / =.38=@8 1/=81- -113

>L  '(;><MRLR7>< >/ R5( $><RL>: L($><04ULR7>< 7< $M( >/ < $RUR>L /7:UL(
R5( @LR >/ R5( $5(;7$: @L>$(MM M5>Y< 7< 74D ?]D?+ 7M $><M7'(L('D 5( $><RL>:
IiO_ >:CFX>X C, 5`A]=]FA.WC] )FC]WFA F5  )<.B>)A KWF).XX 7_D

# % ) (   " %  & () &  ) " % % $ +  &


  



# % ) (   " %  &  ( ) &  ,  

 

 

  # % ) (   " %  & () &

  ) !! % ) " %
% $ +  &
    ! % ) " %
% $ +  &

                                       
( "  ' 

    ( $ &   " %  &  ( ) &    *  !  #     ( $ #  ! # % ) ( '  #  !'




    ( $ &   " %  &  ( ) &  ,  


    ( $ &   *  !  "       ( $ &   " %  &  ( ) &  ,  

    ( #   ! "  # (  &   '  $ $ ! &  &   '

   ( $ #  !  $ ( +  (  & # !$ +

 

    ( $ #  !  $ !
+  (  & # !$ +
 

      ( $ &   *  !  " 

 

 

 
                                       
( "  ' 
+ '9+'/+ WF).XX >CK`] :.C.W]., $g ]<. 5`A]=]FA.WC] )FC]WFAA.W C,
F`]K`] B.X`W.B.C]X
7^i IiO KKA>)]>FC .fBKA.X

ˆ>}™žÅˆÅÍÂiÅ؏ÏÅ

v>؏ÏáÍÍÍÍ
i>ψ™}

žŽÍÍÍÍÍÍÍÍ

ç xçç ¥ççç ¥xçç Öççç Öxçç Ñççç Ñxçç {ççç {xçç


ψ“iÍQÅR

ÅÏØVŽÍž­i™
6>ÞiÍÍ

žŽÍÍÍÍÍÍÍÍ

ç xçç ¥ççç ¥xçç Öççç Öxçç Ñççç Ñxçç {ççç {xçç


ψ“iÍQÅR

ϞžÍ…žÏÍÍÍ
™vžßÍ

™žÂ“>ÍÍÍÍ

ç xçç ¥ççç ¥xçç Öççç Öxçç Ñççç Ñxçç {ççç {xçç


ψ“iÍQÅR

+ '9+'.+ >:CFX]>) W.X`A]

>8($R7X(M L( R> ;7<R7<  $><MR<R :7EU7' :(X(: <'  $><MR<R R(;@(LRUL( 7< R5(
L($R>L R<9  <'& R5UM& @L>'U$7<4  $><MR<R @L>'U$R >UR2>YD > $57(X( R57M& 5>R
<' $>:' :7EU7' $< ( L>U45R 7<R> R5( L($R>L /L>; <9M . <'  D 5( ;7<
L($R>L  $< ( 5(R(' <' $>>:('D
< R5( <>;7<: $M( R5( :7EU7' :(X(: 7M $><RL>::(' [ '8UMR7<4 R5( $>:' :7EU7' 7<2>Y
/L>; <9  <' R5( R(;@(LRUL( [ ;(<M >/ R5( 5(R7<4D

 

 

  

 
 


  

        
      


  


 
 
  

  



 


 


       


    

+ '9+'+ AC] `X., 5FW )FC]WFA W.)FC6:`W]>FC L = A.d.A )FC]WFA+
  = ].BK.W]`W. )FC]WFA
IiO_ >:CFX>X C, 5`A]=]FA.WC] )FC]WFA F5  )<.B>)A KWF).XX 7^I

-/= .1-6 5( @:<R ;>'(: $><R7<M R5L(( MRR(M% R5( L($R>L $><R(<R  & R5(
L($R>L R(;@(LRUL( S <' R5( $><R(<R >/ R5( $>:' :7EU7' R<9  D L>;  ;MM
:<$(& R5( />::>Y7<4 (EUR7><M L( >R7<('
  $P%  7 . T . $P% 4 J $P%
  $P%  J. $P% ' J $P% 4 J 6HD $P%
J. $P% J $P%
S  $P%  $S. $P% 4 S $P%% ' $S $P% 4 S $P%%
 $P%  $P%
T+$D $P%7+$D
' (
 $P%
Y5(L( />L R5( :7EU7' 2>YM R5( L(:R7><M
J. $P%  7 T $P%
/
J $P%  7 "1EH
 "D# 3 $P% ' "E4,
.
 $P%
J 6HD $P%  7 . ' "E

5>:'D 3 $P% 7M R5( :7EU7' :(X(: 7< R5( M@5(L7$: R<9  & T+$D $P% R5( 5(R7<4 @>Y(L&
7+$D  5(R7<4 $>(/0$7(<R& T $P%& T . $P% <' T $P% R5( $><RL>: 7<@UR R> R5( RY>
@U;@M <' R> R5( :X(  <'  R5( $L>MM6M($R7>< L( >/ R5( <9  D /R(L 
:7<(L7MR7>< >/ R57M <><:7<(L ;>'(: L>U<' R5( >@(LR7<4 @>7<R >/ S  46 & R5(
/>::>Y7<4 :7<(L ;>'(: 7M >R7<('%
$ + $ +$ +
  $P% 44E- 4 4  $P%
# * , # *# *
"  $P% )  "4 " '4E- 44E// 4 ) "  $P% )
S  $P% 44E 4E44 4"E" S $P%
$ +
$ + T . $P%
4E4 44E41/ 4 4 # *
# * # T $P% *
'" 4 '4E41/ '4E4 4 )# *
" T $P% )
4 44E41 '4E41 4E11/
T+$D $P%
$ +
3 $P%
# *
:  " 3 $P% ) E
S $P%
5( <>;7<: @L>@>LR7><: $><RL>::(LM L( '(0<(' [%
T $P%  44E  $P%
T+$D $P%  44E S $P%
T . $P%  4"  $P%E
5([ $< ( L(@L(M(<R(' M
6$P%  4 :$P%
7^_ IiO KKA>)]>FC .fBKA.X

Y7R5
$ +
4E 4 4
# 4 " 4 *
# *
# *E
" 4 4 4 )
4 4 4E
>R( R5R R5(M( $><RL>::(LM '> <>R UM( R5( $><RL>: 7<@UR T & ($UM( R5( ;RL7Z
5M  X<7M57<4 R57L' L>YD

@-=96 (X(L: M(X(L( /U:RM $< >$$UL R5R >@(< R5( $><RL>: :>>@MD >L (Z;@:(& 'U(
R>  5(R7<4 /7:UL(& R5( L($R>L $< <> :><4(L ( 5(R('& >L $:>447<4 >L :>$94( >/
:X(  $< L7<4 R5( :(X(: $><RL>::(L >UR >/ >@(LR7><D < R5( />::>Y7<4 R5( 5(R7<4
/7:UL( <'  :>$94( >/ :X(  7< 7RM <>;7<: @>M7R7>< Y7:: ( $><M7'(L('D

1/=81--8 81/#'@8=*1/ "=8  (=*/' "*-@86 /R(L  5(R7<4 /7:UL( 5M


>$$ULL('& R5( R(;@(LRUL( $><RL>::(L
T+$D $P%  44E S $P%
5M <> 7<2U(<$( >< R5( @L>$(MMD 5( M[MR(; 7< R5( <>;7<: <' R5( /U:R[ $M( 5M
R5( ;RL7$(M
$ +
4E4 44E41/ 4 4
# *
  " 4 '4E41/ '4E4 4 )
4 44E41 '4E41 4E11/
$ +
4E4 44E41/ 4 4
# *
'  " 4 '4E41/ '4E4 4 ) (
4 44E41 '4E41 4
Y57$5 '7MR7<4U7M5 7< R5( :MR $>:U;<D >R5 ;RL7$(M 5X( R5( M;( L<9 <' $< (
L(:R(' R> ><( <>R5(L [ R5( ;RL7Z
$ +
" 4 4 4"E,1
# 4 " 4 4-E,1 *
# *
 # *
" 4 4 " /E4 )
4 4 4 4
MU$5 R5R R5( (EUR7><
'   
5>:'MD (<$(  $>;@:(R( L($><04ULR7>< 7M @>MM7:( [ UM7<4 R5( R57L' $><RL>: 7<@UR&
Y57$5 7M <>R UM(' 7< R5( <>;7<: $M(D 5( L($><04UL(' $><RL>::(L
6$P%  4 :$P%
5M R5( $><RL>::(L ;RL7Z
IiO_ >:CFX>X C, 5`A]=]FA.WC] )FC]WFA F5  )<.B>)A KWF).XX 7^^

$ +
4E 4 44E-
# 4 " 4/E/- *
# *
  # *E
" 4 4 "E )
4 4 4
X7>UM:[& R5( />ULR5 $RUR>L 7M <> :><4(L UM('D 5( (//($R >/ R57M $RUR>L 7M '7M6
RL7UR(' ;><4 R5( R5L(( L(;7<7<4 $RUR>LM& Y57$5 $< ( M((< 7< R5( :MR $>:U;<
>/ R5( <(Y $><RL>::(L ;RL7ZD 7R5 R5( L($><04UL(' $><RL>::(L& R5( (5X7>UL >/ R5(
<>;7<: M[MR(; 7M $>;@:(R(:[ L(@L>'U$('D

1/=81--8 81/#'@8=*1/ D ./9 1"  A*8=@- =@=186 5( :>MM >/ R5( $6
RUR>L  '>(M <>R //($R R5( >@(LR7>< @>7<R& UR 7R L(9M R5( :(X(: $><RL>: :>>@ />L
R5( L($R>L  D 5( UM( >/  L('U$(' X7LRU: $RUR>L ::>YM R> 9((@ R5( <>;7<:
$><RL>::(L Y57:( $5<47<4 R5( $><RL>: MRLU$RUL( M :7RR:( M @>MM7:(D



   


 

 


  



   

 


 
  


   
   


    

+ '9+'%+ .)FC6:`W., )FC]WFAA.W >C)A`,>C:  d>W]`A )]`]FW

< R5( R(L;7<>:>4[ >/ ($R7>< OD1DS& R5( '7L($R:[ 7<2U(<$:( @LR 9 >/ R5( @:<R
MRR( 7M '(0<(' [  <' S & Y57:( 9 . 7M R5( M7<4:( MRR( XL7:(  %
 &
 $P%
9' $P%  ( 9' . $P%   $P%E
S $P%
5( $"( 1%6@L;(R(L ;RL7Z  7M '(R(L;7<(' [ @>:( @:$(;(<RD 5( (:(;(<R >/
 R5R 7M $R7<4 >< S 5M <> 7<2U(<$( >< R5( $RUR>L @>:( <' 7M& R5(L(/>L(& M(R
R> ]D 5( >R5(L X:U( 7M $5>M(< M> R5R R5( $RUR>L @>:( :7(M R 44E44 7< >L'(L R>
;9( R5( 7<2U(<$( >/ R5( X7LRU: $RUR>L >< R5( $:>M('6:>>@ '[<;7$M M M;:: M
@>MM7:(D 5( @@:7$R7>< >/ R5( ;(R5>' (Z@:7<(' 7< ($R7>< OD1D3 R> R57M (Z;@:(
:('M R>
7^9 IiO KKA>)]>FC .fBKA.X

 . $P%
W  44E44 W . $P% ' 4E411 T ." $P%
$ + $ +
4E4" 44E"4,
# * # *
$P%
6  " 44E/" ) W . $P% ' " "E, ) T ." $P%
4 4
$ +
4
# *
$P%
:  " 4 )W . $P% E
"
5( /U<$R7>< >/ R5( L('U$(' X7LRU: $RUR>L $< ( '(M$L7(' M />::>YM A74D
?]D?=BD 5( 7<@UR T $P% 7M <>R X7::( R> $><RL>: R5( 7<2>Y 7<R> R5( ;7< L($R>L&
UR R57M 7<2>Y :M> '(@(<'M >< R5( :(X(: 7< <9  <'& 5(<$(& ><  D < >L'(L
R> L($5 R5( M;( (//($R M R5( L>9(< $RUR>L&  $P% 7M 7<$L(M(' >L '($L(M('
[ 7<2U(<$7<4 R5( U;@ . X7 R5( 7<@UR T . $P%D M  $P% $<<>R ( $5<4('
7<MR<R<(>UM:[& R57M HL(@:$(;(<R $R7><I 7M M:>Y(L R5< R5( '7L($R $R7>< >/ R5(
<>;7<: $><RL>: :>>@ >< R5( X:X(  <' :('M R>  M:>Y(L L($R7>< >/ R5( M[MR(;
U<'(L R5( 7<2U(<$( >/ R5( L($><04UL(' $><RL>::(LD
< ;R5(;R7$: R(L;M& R5( X7LRU: $RUR>L L7<4M >UR < ''7R7><: @>:( Y57$5
[7(:'M R5( M:>Y(L '[<;7$MD 5( '7//(L(<$( (RY((< R5( <>;7<: <' R5( <(Y (6
5X7>UL 7M '(R(L;7<(' [ R5( X7LRU: $RUR>L <' '('U$R(' /L>; R5( ;(MUL(;(<RM
>/  $P% <'  $P%D < R57M Y[& R5( ''7R7><: @>:( L(;7<M 57''(< /L>; R5( :(X(:
$><RL>::(L <' R57M $><RL>::(L $RM :79( 7< R5( <>;7<: $M(D

>؏ÏÍ
>Åi]ÍÅáÅÏi“ÍžØÏ­ØÏÍÞŲÍVž™ÏžiÂ͈™­ØÏ
{ç²x
/…Ì

ћ²x
ç ¥çç Öçç Ñçç {çç xçç Ëçç Éçç nçç ›çç ¥ççç
Öç ÏÌÅ

¥›
6̏

¥n
ç ¥çç Öçç Ñçç {çç xçç Ëçç Éçç nçç ›çç ¥ççç
¥{ ÏÌÅ

¥Ö
6̏

¥ç

n
ç ¥çç Öçç Ñçç {çç xçç Ëçç Éçç nçç ›çç ¥ççç
ÏÌÅ
+ '9+29+ .X`A]X F5 ]<. W.)FC6:`W]>FC .fK.W>B.C] L.)]FW
].BK.W]`W. O L! L]FKM+ W.)]FW )FC].C]  L! LB>,,A.M C, W.)]FW
)FC].C] 
L!
IiO_ >:CFX>X C, 5`A]=]FA.WC] )FC]WFA F5  )<.B>)A KWF).XX 7^7

5( (Z@(L7;(<R: L(MU:RM L( M5>Y< 7< 74D ?]DT]D 5( MRR(  $P% 7M '7MRUL(' [
Y7R5'LY7<4  $><M7'(L:( ;>U<R >/ :7EU7' U<R7: R7;( P  "4 *D 5( X7LRU: $RU6
R>L 7<$L(M(M R5( :(X(:  $P% 7< <9  [ 7<$L(M7<4 R5( @U;@ 7<@UR T $P%D 5(
(//($R >/ R57M ;<7@U:R7>< <' >/ R5( /U:R 7M GJM7;U:R('GK [ R5( X7LRU: $RUR>L&
MURL$R(' /L>; R5( M(<M>LM 'R <'& R5(L(/>L(& 57''(< /L>; R5( <>;7<: $><RL>::(LD
/R(L ?+] M($><'M R5( R<9 :(X(:  $P% L($5(M 7RM ;Z7;U; <' /R(L <>R5(L +]]
M($><'M R5( MRR( '(X7R7>< 5M ((< L(M><:[ $>;@(<MR('D  MRR7$ '(X7R7><
L(;7<M ($UM( >/ M>;( ;>'(::7<4 7<$$UL$7(MD
5( 'M5(' :7<(M M5>Y R5( (5X7>UL >/ R5( /U:R:(MM $:>M('6:>>@ M[MR(;D 5(
M:>Y(L L($R7>< >/ R5( :(X(: $><RL>::(L L(MU:RM 7< R5( M:>Y(L '7MRUL<$( RR(<UR7><
M5>Y< 7< R5( ;7'':( @LR >/ R5( 04UL(& Y5(L( R5( <>;7<: M[MR(; L($5(M R5( M(R6
@>7<R >/ " , EU7$9(L R5< R5( L($><04UL(' M[MR(;D (<$(& R5( >@(LR7>< >/ R5(
;7< L($R>L $< ( L(MR>L(' Y7R5  ;7<>L @(L/>L;<$( '(4L'R7><D
< R5( :>Y(L @LR >/ R5( 04UL( R5( '7//(L(<R (5X7>UL >/ <9  $< ( M((<D
5( '7//(L(<$( 7M 'U( R> R5( '7//(L(<R /U<$R7><M R5R R57M R<9 5M 7< >R5 M7RUR7><MD
< R5( /U:R:(MM $M( R5( :(X(: $><RL>::(L >/ R57M R<9 '8UMRM R5( :7EU7' $><R(<R R> R5(
M(R6@>7<R& Y5(L(M U<'(L /U:R[ $><'7R7><M R57M XL7:( 7M UM(' M  ;(<M R> $><RL>:
R5( 7<2>Y 7<R> <9  <'& R5UM& R> $><RL>: R5( $><R(<RM >/  D

+ '9+2'+ W] F5 ]<. )<.B>)A KAC]  `X., >C ]<. .fK.W>B.C]
7^[ IiO KKA>)]>FC .fBKA.X

2F6?6> 1/#'@8=*1/ 1"  1/@=*A*=D 1/=81- -113

5( M($><' @@:7$R7>< >/ R5( L($><04ULR7>< ;(R5>' R5R UM(M R5( X7LRU: $RUR>L
7M R5( /U:R6R>:(L<R $><RL>: >/ R5( $><'U$R7X7R[ >/  :7EU7'D 74UL( ?]DT? M5>YM R5(
(Z@(L7;(<R: M(R6U@ <' 74D ?]DTT R5( M$5(;R7$ '74L; >/ R5( R5L(( L($R>LM 7<6
X>:X(' 7< R5( $><RL>: :>>@ $><M7'(L('D 5( M(EU(<$( >/ R5( RY> ($R>LM   <'
  Y7R5 R5( ($R>L   7M UM(' R> @L>'U$(  :7EU7' Y7R5 @L(M$L7(' R(;@(LRUL(
<' $><'U$R7X7R[D (X(L: $><RL>: :>>@M 5X( R> ( UM('& Y57$5 L( M5>Y< 7< R5(
M$5(;R7$ '74L; Y7R5 R5( L(X7R7><M  />L :(X(: $><RL>::(L&   />L R(;@(L6
RUL( $><RL>::(L <'  />L $><$(<RLR7>< $><RL>::(LD / $RUR>L /7:UL(M >$$UL& R5(M(
:>>@M L( L>U45R >UR >/ >@(LR7><D [@7$: /7:UL(M $><$(L< R5( X:X(M   <'
 <' R5( 5(R7<4 $/ D

         


  


 

    

  



   "   
 

 
   !      #

  !          
       "    "   
+ '9+22+ )<.B]>) ,>:WB F5 ]<. KWF).XX

5( <>;7<: $><RL>::(L UM(M R5( 7<@URM T  & T  <' T  & Y57$5 L( MU8($R R>
R5( R5L(( /7:UL(MD 5( R5L(( XL7:(M R> ( $><RL>::(' L( R5( R(;@(LRUL( S   & R5(
:7EU7' :(X(: 9  7< R5( ($R>L   <' R5( $><'U$R7X7R[ :  >/ R5( :7EU7' 7< R5(
($R>L   A74D ?]DTSBD 5( :>$9 '74L; :M> M5>YM R5( L('U<'<R 7<@URM T 
<' T  & Y57$5 Y7:: ( UM(' />L R5( L($><04ULR7><D
IiO_ >:CFX>X C, 5`A]=]FA.WC] )FC]WFA F5  )<.B>)A KWF).XX 7^Z

        

            
  

 
 
    
  
         
   
  

     


            

      !  
+ '9+21+ )<.B]>) ,>:WB F5 ]<. KWF).XX

1/-*/8 .1-6 5( />::>Y7<4 <><:7<(L ;>'(: 7M >R7<(' /L>; :<$( (EU6
R7><M R5R $><$(L< R5( '7//(L(<R $>;@><(<RM >/ R5( @:<RD > M5>LR(< R5( <>RR7>< >/
R5( (EUR7><M& R5( '(@(<'(<$[ >/ R5( M74<:M /L>; R5( R7;( P 7M >;7RR('%
% 5<4( >/ R5( :7EU7' R(;@(LRUL( >/ ($R>L  %

 " $/"  4   " 
S   '=
   $S  4 S  % '
  L9  &8

=   $S  4 S  % ' =   $S 4 S  %

% 5<4( >/ R5( :7EU7' X>:U;( 7< ($R>L  %


=
   $P% ' =
   $P% ' =  $P% 4 =
   $P%
9  $P% 
  L
% 5<4( >/ R5( $><$(<RLR7>< 7< ($R>L  %
&  $P%
=   $P%$&  4 &  $P%% ' =
   $P%$&  4 &  $P%% 4 =
  $P%&  $P%

  L9  $P%
% 5<4( >/ R5( :7EU7' R(;@(LRUL( 7< ($R>L  %
S   $P%
 
" $/"  $P% 4   "  $P%
 '=
 . $P%$S . 4 S  $P%%
  L9  &8
% (5X7>UL >/ R5( $>:' YR(L :X(  %
7^2 IiO KKA>)]>FC .fBKA.X

" "
W  $P%   4 W $P% ' T $P%
 
  $P%
=  W $P% Y7R5   /( , *
% $RUR>L '[<;7$M >/ R5( 5(R7<4 >/ R5( ($R>L  %
" "
W   $P%   4 W  $P% ' T  $P%
$/"  $/" 
$/"  $P%  7  W  $P%(
Y7R5 $/"   1, *( 7   " 
% $RUR>L '[<;7$M >/ R5( 5(R7<4 >/ R5( ($R>L  %
" "
W   $P%   4 W  $P% ' T  $P%
$/"  $/" 
$/"  $P%  7  W  $P%(
Y7R5 $/"   - *( 7    
(M7'(M R5( MRR( XL7:(M S  <' 9  & R5( $><'U$R7X7R[ 7M R5( R57L' XL7:( R> (
$><RL>::('D 57M M74<: 7M >R7<(' [ R5( />::>Y7<4 L(:R7><%
 
:  $P%  4( - ' 14,( , &  $P%E
 
:: R5(M( (EUR7><M UM( R5( />::>Y7<4 ;MM <' 5(R 2>YM%
% MM 2>Y /L>; ($R>L   R>YL'M ($R>L  %
 %;
  

 4( 4" 
( 
' 4( ,1, 
( 
$T   $P% 4 4( "/% 9  ' 4( / (


7/ T  , 4( "/
=   $P% 

 4 
(

 (

(:M(
% MM 2>Y /L>; ($R>L   R>YL'M ($R>L  %
 %;

  
4( 4, (  ' 4(-4 (  $T  $P% 4 4( 4% 9  ' 4(/ 
=   $P%  7/ T  , 4(4



4  (:M(D
(

% MM 2>Y >UR >/ R5( ($R>L  %


 /
=
   $P%  =
   $P%  4( "-, ; T  $P% 9  $P% ' 4( /- 
* 
% (R :<$( >/ R5( ($R>L  %

   " "64 $S  $P%%( 7/ 5(R7<4 7M ><
 "  $S  $P%% 
  " "6' ' $S  $P%%( 7/ 5(R7<4 7M >//
Y7R5
IiO_ >:CFX>X C, 5`A]=]FA.WC] )FC]WFA F5  )<.B>)A KWF).XX 7^D


-( 4/  $S  $P% 4 11(   %( 7/ S  , 11(   
  " "64 $S  $P%% 
4 ( 7/ S  ; 11(   

(  -  $S  $P% 4 11(   %( 7/ S  , 11(   
  " "6' ' $S  $P%% 
4 ( 7/ S  ; 11(   
% (R :<$( >/ R5( ($R>L  %

   " "64 $S  $P%%( 7/ 5(R7<4 7M ><
 "  $S  $P%% 

 " "6' ' $S  $P%%( 7/ 5(R7<4 7M >//

"/( -  $S  $P% 4 11(   %( 7/ S  , 11(   
  " "64 $S  $P%% 
4 ( 7/ S  ; 11(   E

 (  -  $S  $P% 4 11(   %( 7/ S  , 11(   
 " "6' ' $S  $P%% 
4 ( 7/ S  ; 11(   
5( 47X(< (EUR7><M $< ( :U;@(' R>4(R5(L R> 4(R  <><:7<(L MRR(6M@$( ;>'(: A=DSB&
A=D3B
9$7'"%  )$9$7%( 6$7%%( 9$4%  92
:$7%  +$9$7%( 6$7%%
Y7R5 R5( MRR(& 7<@UR <' >UR@UR X($R>LM
$ +
S  $P% $ +
# 9 $P% * T  $P%
#  * # * $ +
# * # T  $P% * S  $P%
# &  $P% * # * # *
# * # T  $P% * # 9  $P% *
9$P%  # S  $P% * ( 6$P%  #
# *
#
*(
* :$P%  # *E
# * # T  $P% * " :  $P% )
# W $P% * # *
# * " T $P% ) S  $P%
" W  $P% )
T  $P%
W  $P%

*/8*9 .1-6  :7<(L7M(' MRR(6M@$( ;>'(:



9$P%  9$P% ' 6$P%( 9$4%  92
:$P%  9$P% ' 6$P%
7M >R7<(' /L>; R5( <><:7<(L ;>'(: Y7R5 R5( />::>Y7<4 ;RL7$(M%
79i IiO KKA>)]>FC .fBKA.X


$ +
4/( - 4 4 "( - 4 ( "1 4 / ( /-
# 4 44( ,- 4 4 "( " 4 4 *
# *
# *
# 4 4 4/( " 4 44( 44/ 4 4 *
# *
"4, 8 #
# 4 4 4 4"( / 4 ",( - 4 *
*
# *
# 4 4 4 4 41,4( 1, 4 4 *
# *
" 4 4 4 4 4 4/,( 4/ 4 )
4 4 4 4 4 4 4"( /

$ +
4"4( -1 4 4 4 4 4
# ,( "" (  4 4 4 4"(  *
# *
# *
# 4( 41 4( 41/ 4 4 4 4 *
#
, #
*
  "4 8 # 4 4 4 4 4 4 *
*
# *
# 4 4 4 4 1,4( 1, 4 *
# *
" 4 4 /,( 4/ 4 4 4 )
4 4 4 "( / 4 4
$ +
" 4 4 4 4 4 4
# 4 " 4 4 4 4 4 *
# *
  # *
" 4 4 14,( , 4 4 4 4 )
4 4 4 " 4 4 4
  E
5( M(R >/ (74(<X:U(M >/ R5( ;RL7Z 
N  #44( 1,4/+ 44( 4/,4+ 44( 4"+ 44( 44/+ 44( 44/1+ 44( 44"/+ 44( 444$
47X(M < 7;@L(MM7>< >/ R5( '[<;7$: @L>@(LR7(M >/ R5( @:<RD

1-9 1" =( "@-=D 9D9=.6 5( R5L(( $RUR>L /7:UL(M $UM(  $5<4( >/ R5(
;RL7Z  >/ R5( :7<(L7M(' MRR(6M@$( ;>'(:%
% 7:UL( / >/ R5( :X(   & Y57$5 4(RM R5( 7<@UR M74<: T  %
$ +
4"4( -1 4 4 4 4 4
# ,( "" 4 4 4 4 4"(  *
# *
# *
# 4( 41 4 4 4 4 4 *
# *
 '  "4, 8 ## 4 4 4 4 4 4 *
*
# *
# 4 4 4 4 1,4( 1, 4 *
# *
" 4 4 /,( 4/ 4 4 4 )
4 4 4 "( / 4 4
IiO_ >:CFX>X C, 5`A]=]FA.WC] )FC]WFA F5  )<.B>)A KWF).XX 79I

% 7:UL( /. >/ R5( 5(R7<4 >/ R5( ($R>L  & Y57$5 $RM $$>L'7<4 R> R5( $><RL>:
7<@UR T  %
$ +
4"4( -1 4 4 4 4 4
# ,( "" (  4 4 4 4"(  *
# *
# *
# 4( 41 4( 41/ 4 4 4 4 *
# *
 '  "4, 8 ## 4 4 4 4 4 4 *
*
# *
# 4 4 4 4 1,4( 1, 4 *
# *
" 4 4 /,( 4/ 4 4 4 )
4 4 4 4 4 4
% 7:UL( /, >/ R5( U;@  & Y57$5 LU<M $$>L'7<4 R> R5( $><RL>: 7<@UR T  %
$ +
4"4( -1 4 4 4 4 4
# ,( "" (  4 4 4 4 *
# *
# *
# 4( 41 4( 41/ 4 4 4 4 *
# *
 '  "4, 8 # # 4 4 4 4 4 4 * *E
# *
# 4 4 4 4 1,4( 1, 4 *
# *
" 4 4 /,( 4/ 4 4 4 )
4 4 4 "( / 4 4
5(M( ;RL7$(M '7//(L /L>; R5( ;RL7Z  />L R5( <>;7<: ;>'(: Y7R5 L(M@($R R> ><(
$>:U;< ($5& Y57$5 7M M(R R> \(L> />L R5( /7:(' $RUR>LD

1/=81- 81/#'@8=*1/ D  A*8=@- =@=186 >L :: R5L(( /U:R $M(M& R5( X7L6
RU: $RUR>L '(M$L7(' 7< (0<7R7>< ODO 7M UM(' />L R5( $><RL>: L($><04ULR7><
A74 ?]DT3BD 5( M$5(;( 7M R5( M;( 7< :: $M(M& ><:[ R5( ;RL7Z  ' & Y57$5 7M 
@L;(R(L >/ R5( X7LRU: $RUR>L& '7//(LMD 57M M5>YM R5R R5( $><RL>: L($><04ULR7><
7M $>;@:(R(:[ UR>;R7$ 7< R5( M(<M( R5R  4(<(L: L($><04ULR7>< :4>L7R5; $<
( @@:7('& Y57$5 '@RM R5( (//($R >/ R5( <>;7<: $><RL>::(L R> R5( /7:UL( R5R 5M
>$$ULL('D
5( 0LMR (Z@(L7;(<R $><$(L<M R5( L($><04ULR7>< Y7R5 R5( 4>: R> L(R7< R5( MR7:6
7R[ >/ R5( $:>M('6:>>@ M[MR(;D >L R57M RM9&  X7LRU: $RUR>L Y7R5 @L;(R(L ;RL7Z
   7M UM('D
< $M( >/ R5( /7:UL( >/ R5( :X(   & R5( X7LRU: $RUR>L 5M ((< '(M74<(' R>
5X( R5( />::>Y7<4 M(R >/ (74(<X:U(M%

N   1N A?]D=B
 #4-( ,-+ 44( 1 + 4( /-+ 44( 4--+ 44( 4, 4+ 44( 4//+ 44( 4" 4$
79_ IiO KKA>)]>FC .fBKA.X

  
   
   
    
             
    
           
 
      

             

      
  
    
   
                     
   
      

      
+ '9+2+ .)FC6:`W]>FC $g B.CX F5  d>W]`A )]`]FW

57M 7M $$>;@:7M5(' [ R5( /(('$9 ;RL7Z



$ +
4"1(/" 4"-(4 ,,(-/ 4(" ("" 4(4 4/(,"
# *
# 4 4 4 4 4 4 4 *
# *
# "/(/ 44(4" ,,4 4(4, 41/(," ",(4- "(" *
# *E
# ",(" 44(4- ,//1 1/(1- 4/"( / (" 1(/" *
# *
# *
" 4"( 44(4" 4-1(/4 41(4 1("" 4/(/ 4"(" )
4"/4(" 4" 1(4 1/ (,/ 4(, "(-" 1(1" 4"1(
57M @>:( MM74<;(<R 7M @>MM7:(& ($UM( R5( @7L $(  ' % 7M $>;@:(R(:[ $><RL>:6
::(D 5( (74(<X:U(M L( $5>M(< Y7R5 L(M@($R R> R5( (74(<X:U(M >/ R5( @:<RD 5([
;9( R5( X7LRU: $RUR>L ;U$5 EU7$9(L R5< R5( @:<RD 5( \(L> L>Y >/ R5( ;6
RL7Z  (<MUL(M R5R R5( /7:(' X:X( 7M <> :><4(L UM(' />L /(('$9 $><RL>:D U(
R> R5( M(@LR7>< @L>@(LR[ >/ R5( X7LRU: $RUR>L& R5( >X(L:: $:>M('6:>>@ M[MR(;
5M R5( (74(<X:U(M >/ R5( <>;7<: $:>M('6:>>@ M[MR(; <' R5( (74(<X:U(M 47X(< 7<
ED A?]D=B />L R5( X7LRU: $RUR>LD (<$(& R5( L($><04UL(' M[MR(; 7M MR:(D
74UL( ?]DT1 @@L>X(M R57M L(MU:RD 5( RY> LM @:$(' R R7;( P  /4 * ;L9
R5( R7;( 7<MR<R R Y57$5 R5( X:X( 7M :>$9(' <' R5( $><RL>::(L L($><04UL('D 5(
R(;@(LRUL( S  <' R5( :(X(: 9  L(;7< R R5( M(R6@>7<RM& Y5(L(M R5( $><'U$R7X7R[
$<<>R />::>Y @L($7M(:[ R5( M(R6@>7<R $5<4( R R7;( P  /44 * ;L9(' [ R5( 'M5('
:7<(D 57M 7M 'U( R> R5( @L>@>LR7><: $><RL>::(L UM('D
74UL( ?]DTP M5>YM R5( M7Z $><RL>: 7<@URMD /R(L R5( X:X(   7M :>$9('& R5(
M74<: T  M5>Y< 7< R5( R>@ L745R $>L<(L >/ R5( 04UL( '>(M <> :><4(L $5<4(D 5(
X7LRU: $RUR>L UM(M R5( 7<@UR M74<:M T  & T  <' T  Y57$5 L( :M> UM(' [ R5(
<>;7<: $><RL>::(LD < ''7R7>< R> R57M& R5( X7LRU: $RUR>L (Z@:>7RM R5( 7<@UR T  R>
R5( $>:' YR(L :X(  & Y5(L(M R5( >R5(L ''7R7><: 7<@UR T  7M <>R UM('D
IiO_ >:CFX>X C, 5`A]=]FA.WC] )FC]WFA F5  )<.B>)A KWF).XX 79^

Ö²n

 Ö²Ë
 Ö²{

 

Ö²Ö
Ö
¥²n
ç Öçç {çç Ëçç nçç ¥ççç ¥Öçç ¥{çç ¥Ëçç ¥nçç Öççç
 

Ön
    

ÖË

Ö{

ÖÖ
ç Öçç {çç Ëçç nçç ¥ççç ¥Öçç ¥{çç ¥Ëçç ¥nçç Öççç
 

ç²Ñn

ç²ÑË
  

ç²Ñ{

ç²ÑÖ

ç²Ñ
ç Öçç {çç Ëçç nçç ¥ççç ¥Öçç ¥{çç ¥Ëçç ¥nçç Öççç
 

+ '9+2+ .)FC6:`W]>FC >C )X. F5 ]<. dAd.   =5>A`W.

ç²Ö
¥






ç²x ç²¥x

ç
ç²¥
ç xçç ¥ççç ¥xçç Öççç ç xçç ¥ççç ¥xçç Öççç
   

¥ ¥
 


 


ç²x ç²x

ç ç

ç xçç ¥ççç ¥xçç Öççç ç xçç ¥ççç ¥xçç Öççç


   

ç²çË ¥

ç²çx ç²n



 


ç²ç{
ç²Ë
ç²çÑ
ç²{
ç²çÖ
ç xçç ¥ççç ¥xçç Öççç ç xçç ¥ççç ¥xçç Öççç
   

+ '9+2/+ $XFA`]. dA`.X F5 ]<. )FC]WFA >CK`] 5].W ]<.


W.)FC6:`W]>FC >C )X. F5 ]<. dAd.   =5>A`W.
799 IiO KKA>)]>FC .fBKA.X

5( $5>7$( 5>Y R> '7MRL7UR( R5( (//($R >/ R5( :>$9(' X:X( >X(L R5( L(;7<7<4
$RUR>LM 7M ;'( 7;@:7$7R:[ [ R5( X7LRU: $RUR>LD > M(:($R7>< @L>$('UL(& Y7R5
 @>MM7:( 7<X>:X(;(<R >/  5U;< $><RL>: '(M74<(L& 7M <($(MML[D 5(L(/>L(& R5(
$><$(@R >/ R5( X7LRU: $RUR>L $< ( @@:7(' $>;@:(R(:[ UR>;R7$::[D
5( M($><' (Z@(L7;(<R $><$(L<M R5( 7; R> L7<4 :: XL7:(M R> ( $><RL>::('
$9 R> R5(7L M(R6@>7<RMD (L( R5( GJ$>;@:(R(GK X7LRU: $RUR>L Y7R5 R5( RY> @L;6
(R(L ;RL7$(M  <'  7M UM('D (M7'(M R5( ;RL7Z  47X(< >X(& R5( '7L($R
/(('R5L>U45 7M $5>M(< M
' '
  $ 4  '  %  ' $ 4  '  % 
$ +
" 4(1 " 44(4"- 4(4/ 4 4
# *
# 4 4 4 4 4 4 *
# *
# 4 4 4 4 4 4 *
 # # *(
# 4 4 4 4 4 4 * *
# *
" 4 44( 4(4/" 44(4/, " 4 )
4 4(14 44(4"1 44(44 4 "
Y57$5 (<MUL(M M(R6@>7<R />::>Y7<4& ($UM( R5( L($><04UL(' $:>M('6:>>@ M[MR(; 5M
R5( M;( MRR7$ L(7</>L$(;(<R M R5( <>;7<: $><RL>: :>>@D

Ö²n
Ö²Ë




Ö²{

 

Ö²Ö
Ö
¥²n
ç Öçç {çç Ëçç nçç ¥ççç ¥Öçç ¥{çç ¥Ëçç ¥nçç Öççç
 

Ön
    

ÖË

Ö{

ÖÖ
ç Öçç {çç Ëçç nçç ¥ççç ¥Öçç ¥{çç ¥Ëçç ¥nçç Öççç
 

ç²Ñn

ç²ÑË
  

ç²Ñ{

ç²ÑÖ

ç²Ñ
ç Öçç {çç Ëçç nçç ¥ççç ¥Öçç ¥{çç ¥Ëçç ¥nçç Öççç
 

+ '9+2.+ .)FC6:`W]>FC 5].W dAd.   =5>A`W.

5( L($><04ULR7>< L(MU:R 7M '(@7$R(' 7< 74D ?]DTOD 5( M;( (Z@(L7;(<R 5M ((<
;'( M (/>L(& UR <>Y :: R5L(( $><RL>: >UR@URM L( ;>X(' $9 R> R5(7L M(R6@>7<RMD
IiO^ >:CFX>X C, )FC]WFA F5  X<>K KWFK`AX>FC XgX].B 797

ç²¥ ç²Ö

ç²çx





ç²¥x
ç

ç²¥
ç xçç ¥ççç ¥xçç Öççç ç xçç ¥ççç ¥xçç Öççç
   

¥ ¥
 


 

ç²x ç²x

ç
ç
ç xçç ¥ççç ¥xçç Öççç ç xçç ¥ççç ¥xçç Öççç
   

ç²çË
ç²É
ç²çx ç²Ë



 


ç²ç{ ç²x

ç²çÑ ç²{
ç²Ñ
ç²çÖ
ç xçç ¥ççç ¥xçç Öççç ç xçç ¥ççç ¥xçç Öççç
   

+ '9+2+ FC]WFA >CK`] 5].W ]<. W.)FC6:`W]>FC 5FW dAd.


 =5>A`W.

M 74D ?]DT+ M5>YM& R5( X7LRU: $RUR>L UM(M <>Y R5( ''7R7><: 7<@URM T <'
T  D 5( L($><04ULR7>< 7M $>;@:(R(:[ MU$$(MM/U: 7<$:U'7<4 R5( L(MR>LR7>< >/ R5(
M(R6@>7<RD

)9+2 !&(.!. & (&1-($ (  .!* *-(*4$.!(& .8.1%

2F6>62 =8@=@8 1" =( 9(*3 3813@-9*1/ 9D9=.

U:RM 7<  M57@ @L>@U:M7>< M[MR(; <' 7RM MM>$7R(' UR>;R7>< M[MR(; $< $UM( 
'L;R7$ L('U$R7>< 7< R5( M57@KM 7:7R[ R> @L>@(: <' ;<>(UXL( 7RM(:/& <' (//($R7X(
;(<M L( <(('(' R> @L(X(<R /U:RM R> '(X(:>@ 7<R>  /7:UL(D L7>UM :4>L7R5;M <'
;(R5>'M /L>; '7//(L(<R L(M(L$5 L(M $< ( UM(' R> <:[M( R5( M[MR(; <' MU6
M(EU(<R:[ '(R($R& 7M>:R(& <' $$>;;>'R( R5( /U:RMD 5( M57@ @L>@U:M7>< M[MR(;
'(M$L7(' 7< R57M M($R7>< YM @L(M(<R(' M < 7<R(L<R7><: (<$5;L9 <' YM UM('
M  @:R/>L; />L '(X(:>@;(<R >/ <(Y 7'(M <' $>;@L7M>< >/ ;(R5>'MD
5( R>@7$M M(:($R(' />L R57M M($R7>< L( M(' >< MRLU$RUL: <:[M7MD R 7M M5>Y<
5>Y L(M7'U: 4(<(LR>LM L( '7L($R:[ '('U$(' /L>; <:[M7M >/ MRLU$RUL( <' 5>Y
/U:R6R>:(L<$( $< ( >R7<('D 74<>MR7$ ;(R5>'M <'  MU@(LX7M>L :>47$ R> >R7<
79[ IiO KKA>)]>FC .fBKA.X

/U:R6R>:(L<R $><RL>: L( 7;@:(;(<R(' <' R(MR(' 47<MR L($>L'(' R7;(657MR>L[ 'R
Y57$5 Y(L( ;<7@U:R(' R> 7<$:U'( Y(:: '(0<(' /U:RMD
5( '[<;7$M >/ R5( @L>@U:M7>< M[MR(; 7M <><6:7<(LD ULR5(L;>L(& ><( (MM(<R7:
/U:R 7M <><6''7R7X(D 5( 7;@:7$R7>< 7M R5R M>;( L(M7'U: 4(<(LR>LM ($>;( <><6
:7<(LD 57M M($R7>< 7::UMRLR(M 5>Y MU$5 L(:6:7/( @5(<>;(< $< ( 5<':(' 7< R5(
4(<(L: /L;(Y>L9 '(X(:>@(' 7< R57M >>9 <' Y5(L( M:745R (ZR(<M7><M L( <(('('D
5( @L>@U:M7>< M[MR(; (Z;@:( >L747<M /L>; MRU'7(M <' ;<>(UX(L7<4 RL7:M Y7R5
R5( <7M5 7<R(L$7R[ /(LL[  LD <4L7'&  ?]D]]] R><M $>;7<(' @MM(<4(L <' RL7<
/(LL[D (R7:(' ;>'(::7<4 <' 'R L($>L'(' /L>; ;<>(UX(L7<4 RL7:M Y7R5 R5( /(LL[
47X(  L(:7MR7$ M$(<L7> />L R(MR >/ '74<>MR7$ ;(R5>'M <' R($5<7EU(M R> >R7< /U:R
R>:(L<$(D



  




   

   
   


     
      
  
    




+ '9+2%+ AF)@ ,>:WB F5 ]<. X<>K KWFK`AX>FC XgX].B

(*3 3813@-9*1/ 9D9=.6 < >UR:7<( >/ R5( @L>@U:M7>< M[MR(; $5>M(< />L R5( (<$56
;L9 7M M5>Y< 7< 74D ?]DT= A>/ :( ?]D+ />L  :7MR >/ M[;>:MBD 5( ;7< $>;@>6
<(<RM L( '(M$L7(' [ R5( />::>Y7<4 :>$9M%
% (9+ F-,(9 47X(M (<47<( R>LEU( R> 'L7X( R5( @L>@(::(L M5/RD
% & > F-,(9 @L>X7'(M M5/R M@((' 47X(< '7(M(: <' @L>@(::(L R>LEU(MD
% 8/2++8 &8>8(9>(9 @L>X7'( @L>@(::(L R5LUMR <' :>' R>LEU( /L>; M5/R
M@((' ?& @L>@(::(L @7R$5 S <' YR(L M@(('  N
% &(2 92 F-,(9 '(R(L;7<(M M57@ M@((' /L>; @L>@(::(L R5LUMR <' (ZR(L<:
/>L$(MD
% 8/2++8 2(>& - 9& > 92 /->8/++89 A4>X(L<>LB $><RL>: R5( @L>@(::(L @7R$5
<' M5/R M@(('D
% & //8(-> /->8/+ +C+ $:$U:R(M M(R6@>7<RM />L M5/R M@((' <' @L>@(::(L
@7R$5 $><RL>::(LMD
IiO^ >:CFX>X C, )FC]WFA F5  X<>K KWFK`AX>FC XgX].B 79Z

- 2F6 7MR >/ M[;>:M UM(' 7< R5( M57@ @L>@U:M7>< M[MR(;
D.1- /*= C3-/=*1/
.
D 94; F]A >C.W]>
L ; FWQ`. )F.56)>.C]
?$P% L'M <5] XK..,
$ %  `AA W.X>X]C).
8?68 $P%  WFK.AA.W ]<W`X]
$KD $P%  f].WCA 5FW).
" 4 P 6 <W`X] ,.,`)]>FC 5)]FW
 $P% ;M <>K XK..,
 $P% ;M AFe ] KWFK.AA.W
"4V 6 @. 5W)]>FC
$4( $P% ; >.X.A ]FWQ`.
' ; <5] 5W>)]>FC
8?68 $P% ; WFK.AA.W ]FWQ`.
# $P% ]DDD? `.A >C,.f
S$P% 6?DDD? WFK.AA.W K>])<

5( $>>L'7<R(' $><RL>: :(X(: 7M '(R7:(' 7< 74D ?]DS]D 5( />::>Y7<4 /U<$R7><M
L( 7<$:U'('%
% 1.*/=18% 7X(M  M(R >/ $>;;<' X:U(M% ?  $P% <' S  $P% M /U<$R7><M
>/ R5( $>;;<' 5<':( @>M7R7><D

% "#*/D 13=*.*98%  ;>'U:( R> >@R7;7M( @L>@U:M7>< (/0$7(<$[ '(R(L;7<(M


?  $P% <' S  $P%& M(' >< ;(MUL(' X:U(M >/ $P%& ?$P%& S$P% <'  $P%D

% 3 1/=81-%  M57@ M@(('6$><RL>: ;>'U:( ;7<R7<M  $>;;<' X:U( >/ M57@
M@((' ' & UM7<4 ;(MUL(' X:U(M >/ $P%& ?$P%& S$P% <'  $P% M 7<@URD

% A8-1 1/=81-% >'70(M ?  $P% <' S  $P% R> @L>577R R5( @L7;( ;>X(L
/L>; L($57<4 7RM R>LEU( :7;7RMD 5( /U(: 7<'(Z 7M UM(' R> '(R(L;7<( < @@L>$56
7<4 >X(L:>' $><'7R7><D

2F6>6? 1-9 1" =( 3813@-9*1/ 9D9=.

5( >X(L:: /U<$R7>< >/ R5( @L>@U:M7>< M[MR(; 7M R> ;7<R7< R5( M57@KM 7:7R[ R>
@L>@(: 7RM(:/ <' R> ;<>(UXL(D L>@U:M7>< L(EU7L(M R5LUMR 5(' Y5(L(M ;<>(U6
XL(M L(EU7L( 5(' <' MR(L< R5LUMR 7:7R[D 7R5  @>M7R7X( M5/R M@((' ?& R57M 7M
792 IiO KKA>)]>FC .fBKA.X


  
         

        
    
            

       !       
    "       

                     
       

    
    

   
       
           
       
      

+ '9+19+ >.WW)<g F5 )FC]WFAA.WX 5FW ]<. KWFK`AX>FC XgX].BO <.


<C,A. :>d.X >CK`] ]F  )FB$>C]FW+ .56)>.C)g FK]>B>X.W+ C, X<>K
XK.., )FC]WFA BF,`A.O Fe.W A.d.A )FC]WFAX W. X<5] XK.., L:Fd.WCFWM+
KWFK.AA.W K>])< C, ,>.X.A Fd.WAF, $AF)@XO

>R7<(' [ < @@L>@L7R( $5<4( >/ R5( @L>@(::(L @7R$5 S& Y57$5 7M R5( <4:( R5R
R5( @L>@(::(L :'(M L( RY7MR('D
5( $>;@><(<R 57(LL$5[ 7M RL(R(' M (:><47<4 R> RY> :(X(:MD >Y(L :(X(: $>;6
@><(<RM L( R5( '7(M(: (<47<( Y7R5 M5/R M@((' $><RL>::(L& R5( @L>@(::(L Y7R5 R5( @7R$5
$><RL>::(L& <' R5( M57@KM M@((' '[<;7$MD 5( U@@(L :(X(: $>;@L7M(M $>>L'7<R('
$><RL>: />L R5( :>Y(L :(X(: $>;@><(<RM <' >X(L:: $>;;<' R> R5( @L>@U:M7>< M[M6
R(;D ($><04ULR7>< Y7:: R9( @:$( R R5( U@@(L :(X(:& UR :>Y(L6:(X(: $><RL>::(LM
M5>U:' ( /U:R6R>:(L<R& 7/ @>MM7:(& R> ;7<R7< R5(7L @L7;L[ M(LX7$(MD

338)-A- 1.31//=96 @@(L :(X(: $>;@><(<RM L( R5( />::>Y7<4%


% 1../ (/-%  $>;;<' 5<':(KM @>M7R7>< $><MR7RUR(M R5( ;7< ;<6
;$57<( 7<R(L/$( A BD

% 1.*/=18% M(6;>'(M Y7R5 '7//(L(<R 7<R(L@L(RR7><M >/ 5<':( @>M7R7>< L(


X7::(%
! /1@A8*/'% <':( @>M7R7>< '(R(L;7<(M ?$P% <' S$P%N
! 1/1.D% <':( @>M7R7>< '(R(L;7<(M ?  $P% <' S  $P%N
! = 93% 7<R7<  M(R M57@ M@((' UM7<4 ;(MUL(' M57@ M@(('  $P%D
IiO^ >:CFX>X C, )FC]WFA F5  X<>K KWFK`AX>FC XgX].B 79D

% "#*/D 13=*.*98% 5( (/0$7(<$[ >@R7;7M(L '(R(L;7<(M R5( M(R >/ ?$P% <'
S$P% R5R $57(X(M R5( '(M7L(' M57@ M@((' '  /A! $3$P%% M '(R(L;7<(' [ R5(
5<':( @>M7R7><& Y7R5>UR M57@ M@((' /(('$9D

% (*3 93 1/=81-% 57@ M@((' $><RL>: 7;M R ;7<R7<7<4  M(R M57@ M@(('
Y7R57<  <LL>Y ;L47<D 57M $>;@><(<R UM(M ;(MUL(' M57@ M@((' M ><( >/
7RM 7<@UR XL7:(MD

% *9- 1A8-1 1/=81-% X(L:>' 7M X>7'(' [ L('U$7<4 R5( @L>@(::(L @7R$5 7/


'7(M(: R>LEU( 7M $:>M( R> ;Z7;U; R  47X(< M5/R M@(('D

1B8)-A- 1.31//=96 5( :>Y(L :(X(: $><M7MRM >/ R5( M5/R M@((' <' R5(
@L>@(::(L6@7R$5 $><RL>::(LM <' R5( @5[M7$: $>;@><(<RM >/ R5( @L>@U:M7>< M[MR(;D
<  $>;@><(<R6M(' <:[M7M& R5( @5[M7$: $>;@><(<RM L(:R(' R> R5( @7R$5 $><RL>:
/U<$R7>< L( :U;@(' R>4(R5(L R>  <(Y (<R7R[ $::(' 28/2++8 2(>& /->8/+D

813--8 3*=( 1/=81-6 5( @7R$5 $><RL>: 7M < 44L(4R(' $>;@><(<R R5R $>;6
@L7M(M  :L4( 5['LU:7$ $RUR>L RUL<7<4 R5( @L>@(::(L :'(M& R5( /(('$9 /L>; 
@7R$5 M(<M>L&  $><RL>::(L <' R5( 'L7X( (:($RL><7$MD < 7RM >L747<: 7;@:(;(<RR7><&
R57M $>;@><(<R 5M ><:[ ><( X(LM7>< >/ R5( UM(6;>'( T= & Y57$5 '(<>R(M R5( U6
R>;R7$ ;>'(D < >L'(L R> >R7< /U:R6R>:(L<R @L>@(LR7(M& >R5(L X(LM7><M L( ''('D
5( $><$7M( '(0<7R7>< >/ R5( $>;@><(<R 7M 47X(< 7< R5( />::>Y7<4 (EUR7><M%

7   
   0 
7  0' ! 0  7 P9$ 9!;P!5!' P9 !PL=9!L2%! 0

7 P9* 9!;P!5! 0  7 I* 0
7 P9 !PL=9!L2%! 0  7 I * ' I 0

7   , ! 0  7 Q$ P? , (=R;! 0

7 Q$ P? , (=R;! 0  7 %=;IP9*( 0' 7 ?G=(P%*( 0'


7 ?G=%*(PG* 0' 7 G*FP*IL 0'
7 !%L2Q!L2=; 0' 7 G*I=PG%*I 0
7 %=;IP9*( 0  7 %=99!;( ! P?' ;25' (=R;
' 0
7 ?G=(P%*( 0  7 ?2L%1 !;.5* =- #5!(*I' 0
7 ?G=%*(PG* 0  7 ?5!;L (T;!92%I $A 0A-! R2L1
%=;LG=5 0A+!' 0
7 G*FP*IL 0  7 I*5*%L + , IL!L*' 0
7 !%L2Q!L2=; 0  7 ;=;*' 0
7 G*I=PG%*I 0  7 1T(G!P52% =25 IP??5T'  ?G=?*55*G 0
77i IiO KKA>)]>FC .fBKA.X

7 * '&+#&,',* 0  7 Q ;=G9!5!' Q - L% , !! 0

7 Q ;=G9!5! 0  7 %=;IP9*( 0' 7 ?G=(P%*( 0'


7 ?G=%*(PG* 0' 7 G*FP*IL 0'
7 !%L2Q!L2=; 0' 7 G*I=PG%*I 0
7 %=;IP9*( 0  7 ?2L%1 !;.5* %=99!;(' 0
7 ?G=(P%*( 0  7 ?2L%1 !;.5* =- #5!(*I' 0
7 ?G=%*(PG* 0  7 ?5!;L (T;!92%I $A 0A-! R2L1 %=;LG=5
0A!' 0
7 G*FP*IL 0  7 I*5*%L !PL=9!L2%' ;=G9!5' 0
7 !%L2Q!L2=; %=;(2L2=; 0  7 1T(G!P52% ?G*IIPG* ?G*I*;L' 0
7 G*I=PG%*I 0  7 !;.5* I*;I=G' 1T(G!P52% =25 IP??5T'
 ?G=?*55*G 0

7 Q - L% , !! 0  7 %=;IP9*( 0' 7 ?G=(P%*( 0'


7 ?G=%*(PG* 0' 7 G*FP*IL 0'
7 !%L2Q!L2=; 0' 7 G*I=PG%*I 0
7 %=;IP9*( 0  7 ?2L%1 !;.5* %=99!;(' 0
7 ?G=(P%*( 0  7 ?2L%1 !;.5* =- ?G=?*55*G' 0
7 ?G=%*(PG* 0  7 $A 0A-! !;( - !P5L , L=5*G!;L %=;LG=5
G*IP5LI' 0
7 G*FP*IL 0  7 I*5*%L !PL=9!L2%' - L% , !' 0
7 !%L2Q!L2=; 0  7 1T(G!P52% ?G*IIPG* ?G*I*;L' 0
7 G*I=PG%*I 0  7 1T(G!P52% =25 IP??5T'  ?G=?*55*G 0 A
7    2;?PL  P9$ * P9 0  7 I*;I=G - !P5L -  O' A.@ -  O #) '
*#  O 0
7    =PL?PL  P9$ * P9 0  7 **  O 0
7    (*I%G2?L2=;  P9* 0  7 ,8'$ 0
7    (*I%G2?L2=;  P9 0  7 ,8' 0
5( ;R5(;R7$: ;>'(: />L R5( @5[M7$: @LRM >/ R5( $>;@><(<R 7M $>;@>M(' >/
R5( />::>Y7<4 (EUR7><M%
S2 $P%  S$P% ' @G $P% ' S$P% A?]D?]B
  %%

S$P%  3 S  (  TG $P%( S 1 $P% ' S  A?]D??B
S$P%  3 $S (  $S$P%( S1 %% E A?]D?TB
5( $><RL>: M74<: TG $P% 7M 4(<(LR(' $$>L'7<4 R> R5( X(LM7>< LU<<7<4D < X(LM7><
U6 R5( $><RL>: M74<: 7M >R7<(' /L>;
TG $P%  7D T  $P%( T  )
4"( 4( " E A?]D?SB
< X(LM7><M U <' U. &
TG $P%  7D $S' $P% 4 S2 $P%% A?]D?3B

5>:'MD (L(& S2 $P% 7M R5( ;(MUL(' @L>@(::(L @7R$5&


S  ( S 1 R5( LR( 7<R(LX:
M(R [ R5( 5['LU:7$ @U;@ $@$7R[ <' 4(>;(RL[& <'
S ( S1 7M R5( @5[M7$:
IiO^ >:CFX>X C, )FC]WFA F5  X<>K KWFK`AX>FC XgX].B 77I

7<R(LX: />L @L>@(::(L6:'( RLX(:D @G $P% 7M R5( ;(MUL(;(<R <>7M(D Y> /U:RM L(
7<$:U'(' 7< R5( ;>'(:% :(94( S  $P%& <' @7R$5 M(<M>L /U:R S$P%D R 7M <>R('
R5R R5( $><RL>: M74<: TG $P% 7M <>R ;(MUL('D
7R5 $+, % )
9AV( 3403( / 9T&( T?)+/ Y( 4(R
$ +
4 4 4 4 " 4 4 4 " 4 4 4
# 4 4 4 4 4 " 4 4 4 " 4 4 *
# *
 8!H26  # *
" 4 4 4 4 4 4 " 4 4 4 " 4 )
4 4 4 4 4 4 4 " 4 4 4 "
$ +
4 " 4 4 4 4 4 4 " 4 4 4
# " 4 4 4 4 4 4 4 4 " 4 4 *
# *
 8!H2  # * E
" 4 4 " 4 4 4 4 4 4 4 " 4 )
4 4 4 " 4 4 4 4 4 4 4 "

("= 93 1/=81-6 5( 7<@UR R> R5( M5/R M@((' $><RL>::(L& Y57$5 7M $::(' R5(
4>X(L<>L& 7M 47X(< [ R5( M5/R M@((' L(/(L(<$( ?' $P% <' R5( ;(MUL(' M5/R M@(('
?2 $P%D 5( >UR@UR 7M R5( R5L>RR:( >/ R5( '7(M(: (<47<(& Y57$5 7M @L>@>LR7><: R> R5(
/U(: 7<'(Z $P%D 5( 4>X(L<>L 7M   $><RL>::(LD <R76Y7<'U@ 7M @LR >/ R5( 7<R(4LR6
7<4 $R7><& <' 7M R5( <R76Y7<'U@ 47<D

7 0 -( &$0,&"", 0 


7  0' ! 0  7 P9 !PL=9!L2%! 0

7 P9 !PL=9!L2%! 0  7 I * ' I 0

7 *   ! 0  7 Q$ %=;IL!;L! 0
7 Q$ %=;IL!;L! 0  7 %=;IP9*( 0' 7 ?G=(P%*( 0'
7 ?G=%*(PG* 0' 7 G*FP*IL 0'
7 !%L2Q!L2=; 0' 7 G*I=PG%*I 0
7 %=;IP9*( 0  7 5=.2% %=99!;( 0'
7 ?G=(P%*( 0  7 (2*I*5 2;(*S  0'
7 ?G=%*(PG* 0  7   5 L29* =- !%L2Q!L2=; 0'
7 G*FP*IL 0  7 %=;IL!;L 0'
7 !%L2Q!L2=; 0  7 ;=;* 0'
7 G*I=PG%*I 0  7 (2*I*5 *;.2;* 0

7 * %=;L2;P=PI! 0  7 Q ;=G9!5!' Q - L% , ;! 0
7 Q ;=G9!5! 0  7 %=;IP9*( 0' 7 ?G=(P%*( 0'
7 ?G=%*(PG* 0' 7 G*FP*IL 0'
7 !%L2Q!L2=; 0' 7 G*I=PG%*I 0
77_ IiO KKA>)]>FC .fBKA.X

7 %=;IP9*( 0  7 ;' ' ; ' ' 0'


7 ?G=(P%*( 0  70'
7 ?G=%*(PG* 0  7 QXO LIiOI7M !;( LIiOI[M 0'
7 G*FP*IL 0  7 !PL=9!L2% 0'
7 !%L2Q!L2=; 0  7 ;=;* 0'
7 G*I=PG%*I 0  7 ;' ' ' ' ; =9' ?=R*G' 9!2;*;.2;* 0

7Q - L% , ;! 0  7 %=;IP9*( 0' 7 ?G=(P%*( 0'


7 ?G=%*(PG* 0' 7 G*FP*IL 0'
7 !%L2Q!L2=; 0' 7 G*I=PG%*I 0
7 %=;IP9*(  7; ' ; ' ' 0'
7 ?G=(P%*( 0  7  0'
7 ?G=%*(PG* 0  7 QO LIiOI7M R2L1 ;'  ; !;(
QO LIiOI[M 0'
7 G*FP*IL 0  7 !PL=9!L2% 0'
7 !%L2Q!L2=; 0  7 !PL=9!L2%' - L% , ; 0'
7 G*I=PG%*I 0  7; ' ; =9' ' ' ?=R*G' 9!2; *;.2;* 0

7    2;  P9 ' Q$ 0  7 ;' ' ; ' ' 0


7    2;  P9 ' Q 0  7 ;' ' ; ' ' 0
7    2;  P9 ' Q 0  7; ' ; ' ' 0
7    =PL 0  7 0
7    2;  P9 ' Q$ 0  7  !L0  0
7    =PL  P9 ' Q$ 0  7 !*99 0
7    9!L  P9 Q$ 0  7 !*99 0
5( $><RL>::(L 7M 47X(< [
?2 $P%  ?$P% ' @4 $P% ' ?$P%
7? '
 , $P%  $?' $P% 4 ?2 $ %% 4 $   $P% 4  $P%%
Q, A?]D?1B
  $P%  , $P% ' 7? E$?' $P% 4 ?2 $P%%

 $P%   $3 $   $P%( / %( H %E

/ <' H L( R5( :>Y(L <' U@@(L >U<'M />L R5( 7<R(4LR>L @LR >/ R5( 4>X(L<>L&
<' ?$P% R5( ;(MUL(;(<R /U:RD 5( 4>X(L<>L $>;@L7M(M /U(: 7<'(Z :7;7RM R> 9((@
R5( '7(M(: (<47<( Y7R57< 7RM ::>Y(' (<X(:>@( >/ >@(LR7><D 5(M( :7;7RM L( 47X(<
(:>Y


 4E ?2 / 4 & >/ ?1"  

Y1  " ?2 , 4 & >/ ?1"

 "E?2 


4 4E1 >R5(LY7M(  A?]D?PB
?1" 

$P%  3$4( $  $P%( Y1 %%(


IiO^ >:CFX>X C, )FC]WFA F5  X<>K KWFK`AX>FC XgX].B 77^

Y5(L( ?1" 7M R5( ;Z7;U; 4(<(LR(' M5/R M@((' ::>Y('& ?2 R5( ;(MUL('
M5/R M@(('& Y1 R5( 5L' :7;7R M@($70(' />L R5( (<47<(& <' )
4( 1 '(<>R(M
R5( $>;;<' /U(: 7<'(ZD
 M7;7:L />L;: '(M$L7@R7>< $< ( ;'( />L ($5 @5[M7$: $>;@><(<R& UR R57M
7M >;7RR(' />L L(X7R[D

*9- /'*/6 5( '7(M(: (<47<( 4(<(LR(M  R>LEU(  & Y57$5 7M $><RL>::(' [ 7RM
/U(: 7<'(Z & R> 'L7X( R5( M5/RD 5( '7(M(: (<47<( '[<;7$M $< ( '7X7'(' 7<R> RY>
@LRMD 5( 0LMR @LR '(M$L7(M R5( L(:R7>< (RY((< R5( 4(<(LR(' R>LEU( <' R5( /U(:
7<'(ZD R 7M 47X(< [ R5( RL<M/(L /U<$R7><
L '  L
 $M%  $M%( A?]D?OB
" ' Q! M
Y5(L( L 7M R5( 47< $><MR<R <' Q! 7M R5( R7;( $><MR<R $>LL(M@><'7<4 R> R>LEU(
U7:'6U@ /L>; $[:7<'(L 0L7<4MD
5( M($><' @LR (Z@L(MM(M R5( R>LEU( :<$( >/ R5( M5/R%
2 ?$P%
   $P% 4 !'! $P% 4 ' E A?]D?+B
 $P% 7M R5( R>LEU( '(X(:>@(' [ R5( '7(M(: (<47<(& !'! $P% 7M R5( R>LEU( '(X(:6
>@(' /L>; R5( @L>@(::(L& <' ' 7M R5( /L7$R7>< R>LEU(D

813--8 =(8@9= / =187@6  $><RL>:::( @7R$5 @L>@(::(L AB 5M :'(M R5R
$< ( RUL<(' [ ;(<M >/  5['LU:7$ ;($5<7M;D 5( @L>@(::(L @7R$5 S $< (
$5<4(' /L>; "44 & A/U:: 5('B R> 4"44 & A/U:: MR(L<BD
5( @L>@(::(L R5LUMR <' R>LEU( L( '(R(L;7<(' [ R5( />::>Y7<4 7:7<(L L(:R7><M%
!'! $P%   4 4 $S% !?$P%!?$P% '  4  $S$P%% !?$P%! $P% A?]D?=B
!'! $P%   4 4 $S% !?$P%!?$P% '  4  $S$P%% !?$P%! $P%E A?]DT]B
 7M R5( X(:>$7R[ >/ R5( YR(L @MM7<4 R5L>U45 R5( @L>@(::(L '7M$
 $P%  $" 4 V% $P%(
Y5(L( V 7M  5U::6'(@(<'(<R @L;(R(L $::(' R5( Y9( /L$R7><D 5( $>(/0$7(<RM
 4 4 &  4  &  4 4 <'  4  L( $>;@:(Z /U<$R7><M >/ R5( @7R$5 S$P%D !'! <'
!'! L( $:$U:R(' [ 7<R(L@>:R7<4 (RY((< R:(M >/ 'R ;(MUL(' 7< ;>'(:
@L>@(::(L R(MRMD 74UL( ?]DS? M5>YM 4L@57$::[ R5( '(@(<'(<$7(M >/ !'! <' !'!
>< ? <'  />L '7//(L(<R X:U(M >/ R5( @7R$5D  <'  & 7< R5(M( 04UL(M '(<>R(
R5LUMR <' R>LEU( $>(/0$7(<RM
!'!   L  !?!? A?]DT?B
!'!   L  !?!?(
Y5(L(  7M R5( @L>@(::(L '7;(R(L <' L R5( ;MM '(<M7R[ >/ YR(LD

(*3 93 D/.*96 5( />::>Y7<4 <><6:7<(L '7//(L(<R7: (EUR7>< @@L>Z7;R(M


R5( M57@ M@((' '[<;7$M%
779 IiO KKA>)]>FC .fBKA.X

/…ÂØÅÏÍVživvˆVˆi™Ï /žÂ·ØiÍVživvˆVˆi™Ï
¥ ¥²Ë

/¯­ˆÏV…° ¥çI+¯­ˆÏV…°
ç²n
¥²{

ç²Ë
¥²Ö
¥çç±
ç²{
–¥çç±
¥
ç²Ö xç±
ç²n µ¥çç±
ç ç±

–xç±
ç²Ë
–ç²Ö

–¥çç± –xç±
–ç²{ ç²{

µxç±
–ç²Ë ç²Ö

–ç²n ç±
ç

–¥
–ç²Ö

–ç²{ –ç²Ö ç ç²Ö ç²{ –ç²{ –ç²Ö ç ç²Ö ç²{


͖Í>`Þ>™Vi͙ؓLi ͖Í>`Þ>™Vi͙ؓLiÂ
+ '9+1'+ WFK.AA.W ]FWQ`. X 5`C)]>FCX F5 ,dC). C`B$.W
 -D K; 5FW ,>55.W.C] dA`.X F5 K>])<

$= 4  % $P%  $ $P%% ' $" 4 P %!'! $P% ' 1+ $P% A?]DTTB
2 $P%   $P% ' @ $P% E
5( R(L; $ % '(M$L7(M R5( L(M7MR<$( >/ R5( M57@ 7< R5( YR(LD R 7M  <(4R7X( EU<6
R7R[D 74UL( ?]DST M5>YM R5( 5U:: L(M7MR<$( M  /U<$R7>< >/ R5( M@((' />L RY> 47X(<
:>' $><'7R7><MD  L(@L(M(<RM R5( ''(' ;MM 7< MUL4(& Y57$5 7M <(4R7X(D 5(
R5LUMR '('U$R7>< " 4 P L(@L(M(<RM R5( <(R R5LUMR :>MR 'U( R> R5( @L>@(::(L64(<(LR('
2>Y R R5( M57@KM MR(L<D 1+ 7M R5( (ZR(L<: />L$( L>U45R >UR [ R5( Y7<' <' R5(
YX(MD @ 7M R5( ;(MUL(;(<R <>7M(D

2F6>6> @-= 9/8*19 / 87@*8./=9 1/ =( *'/19*9

@-= 9/8*16 5( /U:RM L( MU;;L7M(' 7< :( ?]D=D


IiO^ >:CFX>X C, )FC]WFA F5  X<>K KWFK`AX>FC XgX].B 777

x
àÍ¥ç ؏ÍÂiňÅÏ>™ViÍ,¯Ø°Íˆ™ÍÏߞ͏ž>`ÍVž™`ˆÏˆž™Å
¥ç

؏ÍÂiňÅÏ>™ViÍVØÂÞiÅͯϞ߈™}ÍÏ>™ŽÍÏiÅÏÅ°\Í
n

ÍIÍÍ\ÍÍÖÑxçç͓IIÑÍ`ˆÅ­>Vi“i™Ï
É

͞ÍÍ\ÍÍ¥Ëxçç͓IIÑÍ`ˆÅ­>Vi“i™Ï
,iňÅÏ>™ViÍÍQ R

–Í–Í\Í,ÝØØÍØIIÖÍ>­­Âžàˆ“>ψž™Í
x

ç
¥ Ö Ñ { x Ë É n › ¥ç ¥¥
-…ˆ­ÍÅ­ii`ÍÍQ“ÌÅR
+ '9+12+ <. B:C>]`,. F5 ]<. <`AA W.X>X]C). >C ,.K.C,.C). `KFC
]<. X<>K XK.., C, >]X AF,>C: )FC,>]>FCXO <. )FBBFCAg ,FK].,
XQ`W. Ae )`Wd. >X CF] dA>, >C ]<. W.A.dC] WC:. F5 FK.W]>FC
LA K& ]F 0A K&M

- 2F60 U:RM $><M7'(L('


@-= D.1- D3
(<M>L /U:RM S ''7R7X( 6 LU@R
['LU:7$ :(9  S  ''7R7X( 6 7<$7@7(<R
(<M>L /U:RM ? ''7R7X( 6 LU@R
7(M(: /U:R  L ;U:R7@:7$R7X( 6 LU@R

 />L;: <:[M7M >/ /U:R @L>@4R7>< M5>YM R5R R5([ 5X( '7//(L(<R '(4L((M >/
M(X(L7R[D >;( L( X(L[ M(L7>UM <' <((' L@7' /U:R '(R($R7>< <' $$>;;>'R7>< R>
X>7' M(L7>UM $$7'(<RM 7/ R5( $>;@><(<R /7:UL( >$$ULM 'UL7<4  $L7R7$: ;<>(UXL(D
5( R7;( R> '(R($R <' L($><04UL( 7M 5(<$( (MM(<R7:D >;( >/ R5( /U:RM '(M$L7('
L( M(' >< $RU: (X(<RM R5R 5X( $UM(' M(L7>UM ';4( 'U( R> R5( :$9 >/ /U:R6
R>:(L<R /(RUL(M 7< (Z7MR7<4 @L>@U:M7>< $><RL>: M[MR(;MD 74UL( ?]DSS :>$R(M R5(
4(<(L7$ /U:RM >/ R5( (<$5;L9 7< R5( M[MR(; :>$9 '74L;D 5( /U:RM L(%
?D U:RM S L(:R(' R> R5( @L>@(::(L @7R$5%
% S % 57M /U:R $< >$$UL 'U( R> < (:($RL7$: >L ;($5<7$: '(/($R 7< R5(
@7R$5 M(<M>L >L 7RM 7<R(L/$(D
% S0 % 57M /U:R $< >$$UL 'U( R> < (:($RL7$: >L ;($5<7$: /U:R 7< R5(
@7R$5 M(<M>L >L 7RM 7<R(L/$(D
77[ IiO KKA>)]>FC .fBKA.X

               


   
     
   

       
   
          

       
                   

     
 
     
              
   
 

   
                

  

  

+ '9+11+ AF)@ ,>:WB F5 ]<. KWFK`AX>FC XgX].B e>]< X]`W]>FC


K<.CFB.C X<FeC 5FW X<5] XK.., C, K>])< )FC]WFAA.WO <. :.C.W>)
5`A]X F5 ]<. $.C)<BW@ W. >C,>)].,O

% S  %  :(94( $< >$$UL 7< R5( A5['LU:7$B $RUR7>< @LR >/ R5( $><RL>:
M[MR(;N 7< @L$R7$(& >/R(< 7< < >X(L6@L(MMUL7M(' X:X(D
TD U:RM ? L(:R(' R> M5/R M@((' ;(MUL(;(<RD  'U: @U:M( @7$96U@ 7M UM(' />L
;(MUL7<4 R5( M5/R M@(('D 5( />::>Y7<4M /U:RM L( $><M7'(L('%
%  ;Z7;U; M74<: ? A'7MRUL<$( >< ><( @7$96U@B& <'
%  ;7<7;U; M74<: ?0 A:>MM >/ >R5 @7$96U@ M74<:MBD
SD U:RM L(:R(' R> R5( '7(M(: (<47<( A L %D 5( 4(<(LR(' M5/R R>LEU( $< (
:>Y(L R5< (Z@($R(' />L R5( />::>Y7<4 L(M><M% L('U$(' 7L 7<:(R& L('U$(' /U(:
>7: 7<:(R& >L  $[:7<'(L 7M <>R Y>L97<4D
> '(R(L;7<( 5>Y /U:RM //($R R5( M[MR(; >@(LR7><& R5( /U:R6@L>@4R7>< <:[M7M
;(R5>'>:>4[ @L(M(<R(' 7< 5@R(L 3 YM (;@:>[('D 57M <:[M7M M5>YM R5( (<'6
(//($RM />L ($5 /U:RD >;7<7<4 (<' (//($RM& R5( M(X(L7R[ :(X(: />L ($5 /U:R YM
MM(MM('D 5( L(MU:RM L( M5>Y< 7< :( ?]D?]D
IiO^ >:CFX>X C, )FC]WFA F5  X<>K KWFK`AX>FC XgX].B 77Z

- 2F62F ><M(EU(<$(M <' M(X(L7R[ :(X(:M />L R5( (<$5;L9 /U:RM
@-= 1/97@/ A8*=D
)+&+9+K"P4A? 
S 5745
="?A+TUK4?0 K4M7
"&&+9+K"P4A? 
S0 X(L[ 5745
&A994M4A? K4M7
0K")T"9 MC++) &3"?0+
S  ;('7U;
 &AMP 4?&K+"M+
)+&+9+K"P4A? 
? 5745
="?A+TUK4?0 K4M7
"&&+9+K"P4A? 
?0 X(L[ 5745
&A994M4A? K4M7
)4+M+9 AU+K9A") 
 L ;('7U;
V+"K( M9AV)AV?

7@*8./=9 1/ =( *'/19*96 5( L(EU7L(;(<RM />L >UL '74<>MR7$ ;(R5>'M L(
M />::>YM& Y5(L( A 7M R5( M;@:7<4 R7;( 7< R5( @LR7$U:L $><RL>: :>>@%
% (,'>/'>> A# B% >L R5( M(<M>L /(('$9 /U:RM AS0 ( S & ?0 & <'
? B% # ; 1A & R5( 7<$7@7(<R /U:R S   # ; "44 A & R5( 47< /U:R 7L 
# ; A D
% -*-/D- (-2A>%  R7;(6XL[7<4 (ZR(L<: 'L4 />L$( /L>; Y(R5(L <' M5::>Y
YR(L 7M  @>R(<R7: M>UL$( >/ /:M( '(R($R7><D 74<>M7M M5>U:' ( 7<M(<M7R7X( R>
R57MD
% +9 >>(/- 28/(+(>F ' ; 4E4"D U:R6/L(( L(: 'R& 7<$:U'7<4 5L>UL
;<>(UXL(M& L( @L>X7'(' R> ::>Y L(:7MR7$ R(MR7<4 >/ :4>L7R5;M Y7R5 L(M@($R R>
/:M( '(R($R7><D
% (99'>>(/- 28/(+(>F 2 ; 4E44"D U( R> R5( 5745 M(X(L7R[ :(X(: >/
/U:RM& Y57$5 $< L(MU:R 7< (<'<4(L7<4 R5( M57@ A<' 7RM $L(YB& R5( @L>7:7R[ >/
<>R '(R($R7<4 R5(; Y5(< R5([ '> >$$UL M5>U:' ( M :>Y M @>MM7:(D
% /A9> 9(%- (X(L: M>UL$(M >/ ;>'(: U<$(LR7<R[ (Z7MR% M:>Y:[ 7<$L(M7<4 5U::
L(M7MR<$( $ % 'U( R> 4L>YR5 A4 & 7<$L(M7<4 R> 14 & >/ $ %B& >L XL[7<4 (Z6
R(L<: />L$( /L>; M( <' Y7<' A9"4 C >/ $ %B& '28(/8( U<$(LR7<R[ 7< @L>@(::(L
R5LUMR <' R>LEU( A9 "4 &B <' (<47<( /L7$R7>< A/L>;  & R>  &B& <' 4(<(L: U<6
$(LR7<R[ >< >R5(L @5[M7$: @L;(R(LM A9 1 &BD U:R '74<>M7M M5>U:' ( L>UMR
R> R5(M(D '2/9>8(/8( 'R />L @L;(R(LM ;[ ( 7'(<R70(' <' UM(' />L '74<>6
M7MD

7@*8./=9 1/ "@-= (/-*/'6 U:R 5<':7<4 M5>U:' 7<$>L@>LR( @@L>@L7R(


MR(@M R> $$>;;>'R( R5( /U:RMD 5( L(;('7: $R7><M M5>U:' @L7;L7:[ UM( R5( L(6
772 IiO KKA>)]>FC .fBKA.X

$><04ULR7>< R R5( $>>L'7<R7>< :(X(:D (L/>L;<$( 7<  L($><04UL(' ;>'( $<


( :>Y(L R5< U<'(L /U:R:(MM $><'7R7><MD L4( RL<M7(<RM M5>U:' ( X>7'(' Y5(<
$5<47<4 R>  L($><04UL(' ;>'(D U;@6:(MM RL<M/(L 7M <>R L(EU7L('& UR 7M  '(M7L6
:( /(RUL(D

9= 9/8*16 5( R(MR M(EU(<$(M $><MR7RUR( L($>L'7<4M /L>; ;<>(UXL(M Y7R5 R5(
7<R(L$7R[ /(LL[  LD <4L7'D U:RM L( MU@(L7;@>M(' >< R5( L($>L'(' 'R UM7<4 R5(
574560'(:7R[ M7;U:R7>< ;>'(:D 7;( MR;@M />L '7//(L(<R /U:R (X(<RM L( 47X(< 7<
:( ?]D??D 5( R>R: M7;U:R7>< R7;( 7M /44 M($><'MD 5( /U:R  L $>LL(M@><'M
R>  14 & 'L>@ 7< R5( '7(M(: (<47<( 47< L D

*'/19*96 5( ;7< RM9 7M R> 0<' /U:R '74<>M7$ :4>L7R5;M R5R ;9( 7R @>MM7:(
R> '(R($R <' 7M>:R( R5( /U:RM ;(<R7><(' >X(D 5( :4>L7R5;M M5>U:' ( L>UMR R>
;>'(: U<$(LR7<R[& :>' $5<4(M& <' (ZR(L<: />L$(MD
5( 9<>Y< <' ;(MUL(' XL7:(M L( @L>@(::(L @7R$5 M(R6@>7<R S' $P%& @L>@(::(L
@7R$5 ;(MUL(;(<R S2 $P%& M5/R M@((' M(R6@>7<R ?' $P%& M5/R M@((' ;(MUL(;(<R
?2 $P%& M57@ M@((' 2 $P%& <' R5( /U(: 7<'(Z 2 $P%D 5( 'R L( >R7<(' [ M;6
@:7<4 (X(L[ " M($><'D

- 2F622 U:R (X(<RM <' R5(7L $>LL(M@><'7<4 $R7XR7>< R7;( 7<R(LX:M
A/= =8= =*. / =*.
S "4 * 1"4 *
S  44 * ",44 *
S0 " 4 * " 14 *
? -4 * ,"4 *
?0 1-4 * 1-,4 *
 L /444 * /44 *

2F6>6& =8@=@8- /-D9*9 1" =( 3813@-9*1/ 9D9=.

/R(L 5X7<4 ;'( < MM(MM;(<R >/ R5( M(R >/ 5745 M(X(L7R[ /U:RM R5R <((' R> (
5<':(' R> >R7<  /U:R6R>:(L<R @L>@U:M7>< M[MR(;& R5( <(ZR MR(@ 7M R> @L>X7'( L(6
:R7><M />L UM( 7< '(M74< >/ L(M7'U: 4(<(LR>LMD RLU$RUL: <:[M7M 7M (;@:>[(' />L
R57M @UL@>M(D  @L(L(EU7M7R( />L MRLU$RUL: <:[M7M 7M R5R R5( M(R >/ $><MRL7<RM L(
:7MR('D >L R5( >@(< :>>@ M[MR(;& 7<X>:X7<4 R5( M5/R <' M57@ '[<;7$M& R5( L(:R('
$><MRL7<RM L( R5( />::>Y7<4%
IiO^ >:CFX>X C, )FC]WFA F5  X<>K KWFK`AX>FC XgX].B 77D

&  & $S( S2 %  4  S  S2


&.  &. $?( ?2 %  4  ?  ?2
&,  &, $ ( 2 %  4   2
&  & $7L ( L %  4  7 L  L
&  & $ ( 7L (  %  4   ' Q!  $4(  7L
#
&*  &* $ $4( (  %  4   $4(  #D

&)  &) $ ( !'! ( ?%  4  2 ?   4 !'!


A?]DTSB
&  & $?(
 ?%  4  ?  #4
#D
&  & $?( S( ( !'! %  4   "$9+
&2  & 2 $?( S( ( !'! %  4   "$9+.
&  & $ ( $ %( !'! %  4  =  $ % 4 $" 4 P %!'!
&.  & . $$ %(  %  4   "$9+,
&,  & , $ (  %  4    ##D
&  &  $( 2 %  4    2
5( @L>@(::(L '(X(:>@(' R>LEU( !'! $P% <' RLUMR !'! $P% L( /U<$R7><M >/ ?$P%&
S$P%& <'  $P%& <' L( $:$U:R(' [ 7<R(L@>:R7<4 (RY((< 'R R5R L( '(M$L7('
7< R5( 47X(< R:(MD >L R5( M9( >/ $:L7R[& R5( />::>Y7<4 M7;@:70$R7><M L( ;'(%
% ;(MUL(;(<R <>7M(M 7< R5( M[MR(; L( <>R L(@L(M(<R('&
% '7MRUL<$(M& ' <' 1+ L( '7ML(4L'('&
%  7M <(4:747:( <' R5( RLUMR '('U$R7>< " 4 P 7M 9<>Y<D
ULR5(L;>L(& R5( @L>@(::(L @7R$5 '[<;7$ 7M '(M$L7(' [ R5( />::>Y7<4 $><MRL7<RM%
&   &  $TG ( S' ( S2 %  4  TG  7D $S' 4 S2 %
& *   4
& * $TG ( S%  TG  S A?]DT3B
& )   S%  4
& ) $S(  S  #G
#D

5(M( $><MRL7<RM L( X:7' 'UL7<4 <>L;: >@(LR7><: $><'7R7><M Y5(< R5( $><RL>:
<' M[MR(;KM @5[M7$: :7;7RM L( <>R X7>:R('D
5( M[MR(; MRLU$RUL( 7M
)
5
  &, (
,
  #& ( &. ( 8 8 8 ( & ) $(
 #S2 ( ?2 ( 2 ( 2 ( L ( S' $(

  #( S( ?( ( 7L (   (  ( !'! ( !'! ( TG ( $ %(  ( ?( 


 S$(
5
  E
M R5( ;(MUL(;(<R <>7M( 7M '7ML(4L'(' 7< <:[M7M >/ MRLU$RUL(& R5( L(:R7><M S 2 
S <' ?  ?2 (R$D 5>:'D  76@LR7R( 4L@5 L(@L(M(<RR7>< >/ R5( M[MR(; MRLU$RUL( 7M
'(@7$R(' 7< 74D ?]DS3D
7[i IiO KKA>)]>FC .fBKA.X

 
                 

      
    
           
                 

     
 

+ '9+1+ ]W`)]`WA BF,.A F5 ]<. X<>K KWFK`AX>FC XgX].BO <.


B])<>C: >X >AA`X]W]., $g ]<. ]<>)@ A>C.XO

=(*/'6 5( ('4(M >/  ;R$57<4 L( 7'(<R70(' [  R57$9 :7<( 7< R5( 4L@5
L(@L(M(<RR7>< A74D ?]DS3B <' [ K>K 7< R5( />::>Y7<4 7<$7'(<$( ;RL7ZD
M 7R 7M 7::UMRLR('&  $>;@:(R( ;R$57<4 Y7R5 L(M@($R R> R5( U<9<>Y< XL7:(M L(
>R7<('D 5(L( L( R5L(( U<;R$5(' $><MRL7<RM R5R $< ( UM(' />L '(R($R7<4 R5(
/U:RMD $5 U<;R$5(' $><MRL7<R 7<X>:X(M  '7//(L(<R @LR >/ R5( M[MR(; M />::>YM%

@9D9=. 2 /'*/ D/.*9 / 3813--8 =187@ (8=8*9=*96 5( U<6


;R$5(' $><MRL7<R & 7<X>:X(M (<47<( <' M5/R '[<;7$M <' R5( @L>@(::(L R>LEU(
$5L$R(L7MR7$MD 5( 7<X>:X(' $><MRL7<RM L(%
&  S$P%  S2 $P%
&.  ?$P%  ?2 $P%
&,  $P%  2 $P%
&  7L $P%  L $P%
&   $P% ' Q!   $P%  7L $P% $P%
) $P%
&*    $P% 
)P
&)  2 ?$P%
   $P% 4 !'! $P%
)?$P%
&  ?$P%
 
)P
&    $P%  2 $P%
5( /U:RM R5R //($R R5( '[<;7$M >/ R57M MUM[MR(; L( >X7>UM:[ /U:RM 7< @7R$5
<' M5/R ;(MUL(;(<RM M Y(:: M R5( /U:R 7< R5( '7(M(: (<47<(D

@9D9=. ? (*3 93 D/.*9 / 3813--8 =(8@9= (8=8*9=*96 5(


U<;R$5(' $><MRL7<R & 7<X>:X(M M57@ M@((' '[<;7$M <' R5( @L>@(::(L R5LUMR
   
                 

                     
   
   
   
   
    

 
   
  
    
      
     
    
    

+ '9+1+ C)>,.C). B]W>f F5 ]<. X<>K .fBKA.


    
    
IiO^ >:CFX>X C, )FC]WFA F5  X<>K KWFK`AX>FC XgX].B

 
 
   
7[I
7[_ IiO KKA>)]>FC .fBKA.X

$5L$R(L7MR7$MD 5( 7<X>:X(' $><MRL7<RM L(%


&  S$P%  S2 $P%
&.  ?$P%  ?2 $P%
&2   "$9+.
&  = $P%  $ $P%% 4 $" 4 P %!'! $P%
) $P%
& ,   $P% 
)P
&    $P%  2 $P%
5( 7<X>:X(' '[<;7$M Y7:: ( //($R(' [ /U:R 7< M5/R M@((' <' @7R$5 ;(MUL(6
;(<RMD

@9D9=. > 813--8 3*=( D/.*96 5( U<;R$5(' $><MRL7<R & ) 7<X>:X(M
$><$RL7<RM L(:R(' R> R5( @L>@(::(L @7R$5 '[<;7$MD 5( 7<X>:X(' $><MRL7<RM L(%
&  S$P%  S2 $P%
&   TG $P%  7D $S' $P% 4 S2 $P%%
& *  
T  $P%  S$P%
G

& )    )S$P%
S$P%
)P
57M MUM[MR(; '[<;7$M Y7:: ( //($R(' [ /U:R 7< @7R$5 ;(MUL(;(<R <' R5(
5['LU:7$ /U:RD

2F6>6$ @-= *'/19*9 @9*/' =( 38*=D 93 3381( / 9== 198A=*1/

9*@- '/8=*1/6 M 7R 5M ((< (ZR(<M7X(:[ L4U(' 7< @L(X7>UM $5@R(LM& R5(
@L7R[ M@$( <' >M(LX(L6M(' @@L>$5(M L( $>;;><:[ UM(' R> 4(<(LR( L(M7'U6
:MD < R57M M($R7><& R5(M( @@L>$5(M L( @@:7(' R> R5( @L>@U:M7>< M[MR(; R> >R7<
< (Z@L(MM7>< />L L(M7'U:MD

@9D9=. >6 M7<4 R5( L(:(X<R $><MRL7<RM&  @L7R[ (EUR7>< $< ( M(R U@& Y57$5
7<X>:X(M ><:[ 9<>Y< XL7:(M >/ R57M MUM[MR(;D 5( >R7<(' @L7R[ (EUR7>< 7M%
)S2 $P%
 7D $S' $P% 4 S2 $P%%E
)P
M(' >< R57M&  L(M7'U: $< ( '(0<(' M
)S2 $P%
KG $P%  4 7D $S' $P% 4 S2 $P%%E
)P
5( L(M7'U: M5>U:' 5X(  X<7M57<4 ;(< X:U( U<'(L <>L;: $><'7R7><M& 7D(D Y5(<
<> M(<M>L /U:R 5M >$$ULL('D 5( L(M7'U:KM '[<;7$: (5X7>UL M5:: $5<4( 7< R5(
@L(M(<$( >/ /U:RM AS & S0 & <' S  BD
IiO^ >:CFX>X C, )FC]WFA F5  X<>K KWFK`AX>FC XgX].B 7[^

@9D9=. 26 7<$( M(<M>L ;(MUL(;(<RM />L @L>@(::(L @7R$5& M5/R M@((' <' M57@
M@((' L( X7::(& R5( X:U( >/ R5( @L>@(::(L R>LEU( !'! $< ( $>;@UR(' ;(<M
>/  "$9+ D (<$(& !'! $S2 ( ?2 ( 2 % 7M 9<>Y<D 5L>U45 $><MRL7<R &) Y( >R7<
 $P%  2 ? 2 $P% 4 !'! $S2 $P%( ?2 $P%( 2 $P%%
>Y& 7R 7M @>MM7:( R> M(R U@  @L7R[ (EUR7>< [ UM7<4 R5( $><MRL7<RM &, ( & ( & & <'
&* & 7D(D
) $P%
L 2 $P%   $P% ' Q!
)P
 2 ? 2 $P% 4 !'! $S2 $P%( ?2 $P%( 2 $P%%

)$ 2 ?$P% 2 4 !'! $S2 $P%( ?2 $P%( 2 $P%%%
' Q! E
)P
 L(M7'U: (Z@L(MM7>< $< ( '(0<('& [ UM7<4 R5( >R7<(' @L7R[ (EUR7><& 7< 
MRL745R/>LYL' ;<<(L%

K $P%  2 ?$P% 2 4 !'! $S2 $P%( ?2 $P%( 2 $P%%

)$ 2 ?$P% 2 4 !'! $S2 $P%( ?2 $P%( 2 $P%%%
'Q! 4 L 2 $P%E
)P
$RU: $>;@URR7>< >/ R57M L(M7'U:& 7< @L(M(<R /L>;& L(EU7L(M (;@:>[7<4 <U;(L7$:
;(R5>'M A/>L 7<MR<$( U:(L ;(R5>' >L $(<RL:6'7//(L(<$( />L;U: >/ >L'(L TBD 5(
$>;@UR(' L(M7'U: M5>U:' 5X(  ;(< X:U( (EU: \(L> U<'(L <>L;: $><'7R7><MD
5( L(M7'U:KM '[<;7$: (5X7>UL M5:: $5<4( 7< @L(M(<$( >/ M(<M>L ;(MUL(;(<R
/U:RM AS & S0 ( ? & ?0 <' R5( (<47<( 47< /U:R  L D

9*@- '/8=18 1=*/ D .=(*/'6 57M MUM($R7>< (;@:>[M R5( 2(Z77:7R[


>/ MRLU$RUL: <:[M7M R> 4(<(LR(  L(M7'U: Y7R5 '(M7L(' @L>@(LR7(MD R Y>U:' (
'(M7L:( 7/ R5( '7(M(: (<47<( 47< /U:R $>U:' ( '(R($R(' 7<'(@(<'(<R:[ >/  /U:R
7< R5( M5/R M@((' ;(MUL(;(<RD 7<$( R5( $><MRL7<R &. 7M <>R X:7' 7/ R5( M5/R
M@((' /U:R 7M @L(M(<R& L(;>X( R57M $><MRL7<R /L>; R5( >L747<: M(RD ULR5(L& ;9(
R5( />::>Y7<4 M7;@:70$R7><M% 5( '7(M(: (<47<( '[<;7$M 7M ;U$5 /MR(L R5< R5(
M5/R M@((' <' M57@ M@((' '[<;7$MD 57M MMU;@R7>< 7M ;<7/(MR(' [ L(;>X7<4
R5( $><MRL7<R &* <' $5<47<4 R5( (EUR7>< 7< R5( $><MRL7<R & R>   7L D

6#(" '9+' 1!#' (' .3#/ /6/1&


])<>C: FC ]<. FK.C AFFK XgX].B ]<] 5FAAFeX 5WFB W.BFd>C: % C, % 5WFB ]<. X.] F5
)FCX]W>C]X >C LIiO_^M C, %
BF,>6.,+ B@.X `X ,.].WB>C. ]<. `CB])<., )FCX]W>C]X ]<]
W. C.).XXWg ]F ,.].)] ]<. ,>.X.A .C:>C. :>C 5`A]O <>X >X A.5] X C .f.W)>X.O
<. F$]>C., 5`A]=5W.. X`$XgX].B )C $. eW>]].C X*
/ L!  / L!! # 8 / L!!, L!
T L!   L!
e<.W.
! (
; L!
/ L! 
 L!
7[9 IiO KKA>)]>FC .fBKA.X

! (
0
/!   5
'
 ! # '
)  , R!;
! 
  (


4< ,
 )) ; # )  , R!;
8 /!  5
0 '
)) ;
! (
' L!
, L!  A
O' L!
<. ,>.X.A .C:>C. ,gCB>)X >X d.Wg 5X] LXBAA M M+ >O.O QO LIiOIZM <X $..C `X., ]F .BKAFg 
X]]>) W.A]>FC 5FW .C:>C. ]FWQ`. )!  4< # 4< !' O  !#5* C,  !#5* W. W.KW.X.C].,
$g ]<.>W $>A>C.W KKWFf>B]>FCX LIiOIDM C, LIiO_iMO $ >X ,>XW.:W,., >C ]<. .Q`]>FCXO 7'

==*1/ 1" =( *9- /'*/ '*/ "@-=  L 6 > L(RUL< R> R5( >L747<: <>RR7><
>/ R5( M57@ '[<;7$M R5( />::>Y7<4 <>RR7>< 7M UM(' />L R57M MUM[MR(;
" "  
?$P%
  L 2 4  4  $" 4 V% ?  '  4 4 ?. S
2 2
" " 4 P " 4 P
 $P%  $ % '  4  $" 4 V% ?  '  4 4 ?. S
= = =
Y$P%   $P%
Y7R5 R5( /U(: 7<'(Z ;(MUL(;(<R 2 <' R5( @7R$5 ;(MUL(;(<R S2 M (ZR(L<:
7<@URD >L R57M M[MR(; < >M(LX(L $< ( 47X(< 7< R5( />::>Y7<4 />L;%
" "  
?  $P%  L 2 4  4  $" 4 V% ? '  4 4 ? . S2 ' . 4

$2 4  %
2 2 %

 " " 4 P
 $P%  $ % ' ? '  4 4 ?

 4  $" 4 V% 
. S2 ' . $2 4  %
= = %

Y $P%   $P%E
 L(M7'U: $< ( >R7<(' [ UM7<4 R5( >UR@UR AM57@ M@((' (MR7;R(B >/ R5( >M(LX(L
<' R5( M57@ M@((' ;(MUL(;(<R 2 7< R5( />::>Y7<4 Y[%
K   2 4  E
5( L(M7'U: K  7M [ $><MRLU$R7>< ><:[ //($R(' [ R5( 47< /U:R  L AY5(<
$><M7'(L7<4 R5( @7R$5 M74<: R> ( /U:R6/L((BD M R5( >M(LX(L 7M MR:(& R5( L(M7'6
U: (5X(M 7< R5( /U:R6/L(( $M( MU$5 R5R K   4 5>:'M />L P  -D >L R5(
(MR7;R7>< (LL>LM
+4 $P%  ?$P% 4 ?
$P% <' + $P%   $P% 4  $P%
R5( />::>Y7<4 (LL>L '[<;7$M $< ( 47X(< AY7R5 S  S2 B%
" "  % '  4 4 $?. 4 ?

+ 4  7L 4  4  $" 4 V%$? 4 ?  . % S2
2 2
4

4 .% $2 4  % A?]DT1B
" %% ' " 4 P  % '
+   K  $$ % 4 $
 4  $" 4 V%$? 4 ? 
= =
%E
' 4 4 $?. 4 ? 
. %S2 4 . %
$2 4  A?]DTPB
IiO^ >:CFX>X C, )FC]WFA F5  X<>K KWFK`AX>FC XgX].B 7[7

>>97<4 R R5( (MR7;R7>< (LL>L '[<;7$M A?]DT1B ><( $>U:' R57<9 R5R < >$$ULL7<4
47< /U:R  L Y>U:' 5X(  '7L($R 7;@$R >< + 4 :('7<4 R>  4L>Y7<4 (MR7;R7><
(LL>L% ? 6 ?
D M $< ( M((< /L>; ED A?]DTPB R57M Y>U:' R5(< :M> //($R R5( M5/R
M@((' (MR7;R(& 7D(D  6  D (<$(& R5( 0LMR L(M7'U: Y>U:' '(X7R( /L>; \(L> 7< $M(
>/  47< /U:R% K  6 4D >Y(X(L& Y7R5 R5( $>U@:(' <><:7<(L (EUR7><M R 5<' R57M
L4U;(<RR7>< 7M <>R $>LL($RD 7;U:R7>< L(MU:RM 47X(< (:>Y M5>Y R5R R5( 47< /U:R
 L '>(M 7<'((' //($R R5( L(M7'U: K  D
5( >M(LX(L >//(LM :M>  M($><' @>MM77:7R[ R> 4(<(LR(  L(M7'U: Y5(< UM7<4 R5(
M5/R M@((' ;(MUL(;(<R ?2 %
K  $P%  ?2 $P% 4 ?
$P%E
X7>UM:[& R57M L(M7'U: 7M :M> //($R(' [ R5( M5/R M@((' M(<M>L /U:R ?D 5(
L(M7'U: '[<;7$M $< ( MRR(' M />::>YM
K  $?2 $P%( ? 
$P%%  + 4 $P% ' ?$P%(
Y5(L( + 4 7M '(M$L7(' [ ED A?]DT1BD

*.@-=*1/ 89@-=96 5( 47<M <' 7<7R7: $><'7R7><M />L R5( >M(LX(L L( $5>M(< M
/>::>YM%
4

. %
 4E44"(


. %
 4E4"(
?
$P  4%  )O*(

 $P  4%  4E" O*E
5( M7;U:R7>< L(MU:R 7M M5>Y< 7< 74D ?]DSPD
5( M($><' L(M7'U:& 7D(D K  & 7M 4(<(LR(' [ $5>>M7<4 R5( 47<M <' R5( 7<7R7:
$><'7R7><M >/ R5( >M(LX(L M%
4

. %
 4E44"(


. %
 4E4"(
?
$P  4%  )O*(
$P  4%
  4E" O*E
5( M7;U:R7>< L(MU:R 7M M5>Y< 7< 74D ?]DSOD
>;@L7<4 74D ?]DSP <' ?]DSO& 7R 7M $:(L R5R L(M7'U: K  7M <>R //($R(' [
M5/R M(<M>L /U:R M 7R YM R5( 7'( R5R YM '(M$L7(' 7< R5( MRLR >/ M($R7>< ?]DSD1&
Y5(L(M L(M7'U: K  7M //($R(' [ >R5 R5( M5/R M@((' /U:R <' R5( (<47<( 47<
/U:RD ;:: '(X7R7><M A/L>; \(L>B 7< >R5 L(M7'U:M L( 'U( R> R5( MU''(< $5<4(
7< ;(MUL(;(<RQ7<@UR M74<:M $>;7<(' Y7R5 R5( <><:7<(L (5X7>UL >/ R5( M[MR(;
<' $< ( 5<':(' [ $5>>M7<4 < @@L>@L7R( R5L(M5>:'D
7[[ IiO KKA>)]>FC .fBKA.X

       

ç²¥

–ç²¥
 


–ç²Ö

–ç²Ñ

–ç²{

–ç²x
xçç ¥ççç ¥xçç Öççç Öxçç Ñççç Ñxçç
 
+ '9+1/+ .X>,`A G   ' ,  O >B`A]>FC >C)A`,>C: AA 5`A]X
C, CF B.X`W.B.C] CF>X.O

       

ç


–Ö

–{

–Ë

–n

–¥ç

–¥Ö

–¥{
xçç ¥ççç ¥xçç Öççç Öxçç Ñççç Ñxçç
 
+ '9+1.+ .X>,`A G   ;' , ; O >B`A]>FC >C)A`,>C: AA 5`A]X
C, CF B.X`W.B.C] CF>X.O

2F6>6; @/=*9 9D9=.9 3381( =1 =( *'/19*9 1" =( 3*=( 1/=81- -113

M < :R(L<R7X( @@L>$5 R> R5( '74<>M7M >/ R5( M57@ @L>@U:M7>< M[MR(;& R5( EU<6
R7M(' M[MR(;M @@L>$5 (Z@:7<(' 7< 5@R(L = 7M @@:7(' R> R5( @7R$5 $><RL>: :>>@&
Y57$5 7M M5>Y< 7< 74D ?]DSS 7< R5( L745R U@@(L $>L<(LD 5( :>>@ 7M L(6'LY< M R5(
:>$9 '74L; M5>Y< 7< 74D ?]DS+& Y5(L( R5( 7<@UR R' 7M L(@L(M(<R(' [ R5( :(/R
LL>Y <' R5( ;(MUL(' @7R$5 <4:( R2 [ R5( L745R LL>YD 5( RY> /U:RM& Y57$5
//($R R57M :>>@& L( M5>Y< [ R5( LL>YM :(:(' M R <' R,4! Y5(L( R5( 0LMR
IiO^ >:CFX>X C, )FC]WFA F5  X<>K KWFK`AX>FC XgX].B 7[Z

L(@L(M(<RM R5( M(<M>L /U:R& Y57$5 ;[ 5X( R5( RY> X:U(M R/6J >L R+,(+ & <'
R5( M($><'  /U:R 7< R5( 5['LU:7$ M[MR(;D
57M 04UL( '(@7$RM 5>Y R5( MRLU$RUL( @L>@>M(' 7< 74D =DS >< @D 31T 7M @@:7(' R> 
@LR >/ R5( M57@ @L>@U:M7>< @L>:(;D 5( />::>Y7<4 7<X(MR74R7><M Y7:: M5>Y R5R R5(
/U:RM $5<4( R5( (5X7>UL >/ R5( @7R$5 $><RL>: :>>@ 7< MU$5  Y[ R5R R5([ $< (
'(R($R(' [ ;(<M >/ L>U45 ;(MUL(;(<R M(EU(<$(M R5R L(MU:R /L>;  EU<R7MR7><
>/ R5( <U;(L7$ 'R R5R L(@L(M(<R R5( (X>:UR7>< >/ R' <' R2 D 57M '74<>MR7$
;(R5>' 7M L>UMR 47<MR ;>'(: U<$(LR7<R7(M <' ;(MUL(;(<R <>7M(& ($UM( 7R 7M
M(' >< L>U45 'RD


    

 
                     

       
     
      

 

             

     
        
               
             

            

+ '9+1+ `C]>X., XgX].BX KKWF)< ]F ]<. ,>:CFX>X F5 ]<. K>])<


)FC]WFA AFFK

@-*==*A .1--*/' 1" =( 3*=( 1/=81- -1136 $$>L'7<4 R> ($R7>< =D3& R5(
@7R$5 $><RL>: :>>@ R>4(R5(L Y7R5 R5( EU<R7M(LM $< ( '(M$L7(' [  MR>$5MR7$
UR>;R><& Y57$5 7M >R7<(' [ R5( MRL$R7>< :4>L7R5;D 5( EU<R7RR7X( ;>'(:
7M 47X(< [ EMD A?]D?TB& A?]D?3BD R 7M UM(' 5(L( 7<  '7M$L(R(6R7;( X(LM7>< />L R5(
M;@:7<4 R7;( A  " *D 5( EU<R7M(LM L( $5>M(< M> M R> 4(R& >< R5( ><( 5<'& 
:>Y <U;(L >/ M[;>:7$ 7<@UR <' >UR@UR X:U(M UR& >< R5( >R5(L 5<'& R> >R7<
(<>U45 7</>L;R7>< >UR R5( @(L/>L;<$( >/ R5( @7R$5 $><RL>: :>>@D
74UL( ?]DS= M5>YM 5>Y R5( EU<R7MR7>< 7<R(LX:M >/ R5( ;(MUL(' @7R$5 <4:(
5X( ((< $5>M(<D 5( EU<R7MR7>< >/ R5( 7<@UR& Y57$5 7M R5( L(/(L(<$( 7<@UR />L R5(
;(MUL(' @7R$5 <4:(& 7M $5>M(< $$>L'7<4:[D 5( M7\( >/ R5( 7<R(LX:M L( $>;@L6
:( Y7R5 R5( M7\( >/ R5( ;(MUL(;(<R <>7M(D U( R> R57M <>7M(&  M;::(L EU<R7MR7><
L(M>:UR7>< 7M UM(:(MMD < R5( >R5(L 5<'& R5( '74<>MR7$ L(MU:RM Y7:: M5>Y R5R R5(
L(M>:UR7>< UM(' 7M M;:: (<>U45 />L R5( '74<>MR7$ @UL@>M(M& 7D(D& R5( EU<R7M(' 7<@UR
<' >UR@UR M(EU(<$(M @L>X7'( (<>U45 7</>L;R7>< />L '(R($R7<4 <' 7'(<R7/[7<4 R5(
/U:RMD
7R5 R5(M( EU<R7M(LM& R5( MRL$R7>< :4>L7R5; '(X(:>@(' 7< ($R7>< =D3DS 5M
((< @@:7('D 5( L(MU:R 7M  MR>$5MR7$ UR>;R><& Y57$5 $<<>R ( M5>Y< 5(L( 'U(
7[2 IiO KKA>)]>FC .fBKA.X

¥²Ö

ç²n
“
*ž­iiÂ߈™ŽiÍ

ç²Ë

ç²{

ç²Ö

ç
nçç ›çç ¥ççç ¥¥çç ¥Öçç ¥Ñçç ¥{çç ¥xçç ¥Ëçç ¥Éçç
-iŽØ™`i™

+ '9+1%+ .X`W., K>])< C:A. >C ]<. Q`C]>X., F`]K`] XK).

R> 7RM M7\(D 57M UR>;R>< 7M  $>;@:(R( ;>'(: >/ R5( @7R$5 $><RL>: :>>@ R>4(R5(L
Y7R5 R5( $5>M(< EU<R7M(LMD

*'/19=* 89@-=96 5( '74<>MR7$ :4>L7R5; 5M ((< R(MR(' />L R5( @7R$5 $><RL>:
:>>@ [ UM7<4 7<@UR <' >UR@UR M(EU(<$(M& Y57$5 5X( ((< >R7<(' [ EU<R7M7<4
7<@UR <' >UR@UR M74<:M UM(' 7< M7;U:R7>< MRU'7(M >/ R5( M57@ @L>@U:M7>< M[MR(;D
<  :><4 M7;U:R7>< LU<& R5( R5L(( '7//(L(<R /U:R M7RUR7><M& Y57$5 $><$(L< R5( @7R$5
$><RL>: :>>@& 5X( ((< M7;U:R(' 'UL7<4 R5( R7;( 7<R(LX:M 47X(< 7< R5( R:(D

`A] XgB$FA `B.W>)A 5`A] dA`. )]>d]>FC ]>B. >CA ]>B.


N"#!" I 0 & -0 &
N&*: =iOZ 0 & -0 &
N#) $.$$$$
2$.$$$
00 & (00 &

74UL( ?]D3] M5>YM R5( RL8($R>L[ >/ R5( ;(MUL(' @7R$5 <4:( R2 7<  R7;( 7<R(LX:&
7< Y57$5 R5( 0LMR /U:R YM @L(M(<RD 5( '74<>MR7$ :4>L7R5; 5M <> $$(MM R> R57M
;(MUL(;(<R X:U(M& UR >R7<M ;(L(:[ R5( EU<R7M(' X(LM7>< >/ R5(;D 5( 04UL(
7M UM(' 5(L( R> (Z@:7< R5( '74<>MR7$ L(MU:RD
5( '74<>MR7$ :4>L7R5; 0<'M R5( /U:R R  R+,(+ & Y57$5 L(@L(M(<RM  @>M76
R7X( ;(MUL(;(<R (LL>L& R ><$(D 57M L(MU:R 7M X7M7:( 7< 74D ?]D3?& Y5(L( R5( L($R6
<4:( M5>Y7<4 R57M /U:R A$::(' H(<M>L/U:R 5745IB 7M :$9 /L>; R5( M($><' R7;(
7<MR<R M5>Y<& Y57$5 ;(<M R5R R5( '74<>MR7$ L(MU:R MM>$7R(M Y7R5 R57M /U:R 
5745 @L>7:7R[ AY57$5 7M <(L:[ ><( >X(L R5( Y5>:( R7;( 7<R(LX: Y5(L( R5( /U:R 7M
@L(M(<RBD
R R7;( T?] M($><'M& R5( /U:R '7M@@(LMD (<$( R5( ;(MUL(' @7R$5 <4:( 7M ;U$5
:>Y(L R5< (/>L( A$/D 74D ?]D3]B& Y57$5 7;7RR(M R5( $><RLMR7<4 /U:R R/6J D 57M
(5X7>UL (Z@:7<(M Y5[ R5( '74<>MR7$ :4>L7R5; MM>$7R(M Y7R5 R57M /U:R R /6J
IiO^ >:CFX>X C, )FC]WFA F5  X<>K KWFK`AX>FC XgX].B 7[D

&

+

+

+"
( ' 

+

+&

++

+&

+
+ + &++ &+ &&+ &%+
' 
+ '9+9+ `C]>]]>d. ]W?.)]FWg F5 ]<. B.X`W., K>])< C:A.


! 

 

)

+ &++ + &+ &&+ &%+


' 
+ '9+'+ >:CFX]>) W.X`A] 5FW X.CXFW 5`A] N"#!" $.]e..C I2i C,
_Ii X.)FC,X
7Zi IiO KKA>)]>FC .fBKA.X

&

+

+

+"
( '  

+

+&

++

+&

+
+ ++ + &+ %+ +
' 
+ '9+2+ `C]>]]>d. ]W?.)]FWg F5 ]<. B.X`W., K>])< C:A. 5FW
X.CXFW 5`A] N&*:

 :>Y AUR @>M7R7X(B @L>7:7R[ R R5( R7;( 7<MR<R T??D >Y(X(L& M R5( '74<>MR7$
:4>L7R5; '>(M <>R ><:[ UM( R5( M[MR(; >UR@UR& UR $5($9M R5( $><M7MR(<$[ >/ R5(
AEU<R7M('B 7<@UR <' >UR@UR M(EU(<$(M Y7R5 R5( MR>$5MR7$5 UR>;R><& 7R 0<'M >UR
R5R R5( '($L(M( >/ R5( ;(MUL(;(<R X:U(M 7M R5( L(MU:RM >/  '7M@@(L<$( >/ R5(
/U:R R+,(+ <' <>R 'U( R> R5( :>Y6;(MUL(;(<R /U:R R/6J D (<$(& R5( '74<>MR7$
:4>L7R5; 4(RM R5( L745R L(MU:R M5>Y7<4 R5R R5( M[MR(; 7M /U:R:(MMD
>L R5( M($><' /U:R R/6J & R5( @7R$5 <4:( (5X(M @@L>Z7;R(:[ 7< R5( >@@>M7R(
Y[ M (/>L( A$/D 74D ?]D3TBD 5( '74<>MR7$ :4>L7R5; 0<'M R57M /U:R R ><$( <'
(5X(M M7;7:L:[ M 7< R5( 0LMR /U:R $M(& Y5(< R5( M($><' /U:R '7M@@(LM R R7;(
7<MR<R ?=T] M($><'M A74D ?]D3SBD
7<::[& R5( '74<>M7M >/ R5( @7R$5 $><RL>: :>>@ MU8($R R> R5( 5['LU:7$ /U:R 7M
$><M7'(L('D M 74D ?]D33 M5>YM& R5( ;(MUL(' @7R$5 <4:( $5<4(M X(L[ M:>Y:[D
(<$(& R5( (//($R >/ R5( /U:R 7M '(R($R:( LR5(L :R(D 5(L(/>L(& R5( 04UL(M L(
'LY< Y7R5  ;U$5 5745(L M;@:7<4 R7;( M (/>L(D
74UL( ?]D31 M5>YM R5R R5( /U:R 7M '(R($R(' R R7;( L>U<' ?3]] M($><'MD
5( L(MU:RM M5>Y R5R R5( /U:RM 7< R5( @7R$5 $><RL>: :>>@ $< [ />U<' [  '746
<>MR7$ ;(R5>' R5R UM(M ><:[ EU<R7M(' ;(MUL(;(<R M74<:MD >R5 M(<M>L /U:RM L(
7'(<R70(' R ><$(& Y5(L(M R5( 5['LU:7$ /U:R& Y57$5 $5<4(M R5( M[MR(; (5X7>UL
M:>Y:[& 7M 7'(<R70(' LR5(L :R(D / R5( 5['LU:7$ /U:R @@(LM M < 7<$7@7(<R /U:R
A$/D :( ?]D=B& R57M ;(R5>' 7M <>R EU7$9 (<>U45 />L 7RM 7'(<R70$R7><D >Y(X(L&
(X(< Y7R5 @L($7M( <U;(L7$: ;(MUL(;(<RM& R57M /U:R RUL<M >UR R> ( 5L' R> '(R($R
A$/D ($R7>< ?]DSD1BD
IiO^ >:CFX>X C, )FC]WFA F5  X<>K KWFK`AX>FC XgX].B 7ZI


! 

 

)

+ + ++ &+ %+ +


' 
+ '9+1+ >:CFX]>) W.X`A] 5FW X.CXFW 5`A] N&*: $.]e..C I22i C,
ID_i X.)FC,X

&

+

+
( '# 

+"

+

+&

++

+&

+
++ +++ &++ ++ "++ ++
' 
+ '9++ `C]>]]>d. ]W?.)]FWg F5 ]<. B.X`W., K>])< C:A. 5FW
<g,W`A>) 5`A] N#)
7Z_ IiO KKA>)]>FC .fBKA.X

 

* '

 

++ +++ &++ ++ "++ ++


' 

+ '9++ >:CFX]>) W.X`A] 5FW <g,W`A>) 5`A] N#) $.]e..C 2ii
C, IZii X.)FC,X

2F6>6: @-=)=1-8/= 3813@-9*1/

$R7X( L($><04ULR7>< 7M $57(X(' R R5( :>Y(L :(X(: >/ R5( M57@ @L>@U:M7>< M[M6
R(;D 74UL( ?]D3P M5>YM 5>Y M>/RYL( L('U<'<$[& 7< R5( $M( Y5(L( M5/R M@(('
;(MUL(;(<R 5M /7:('& 7M 7;@:(;(<R('D 5( L('U<'<R ;>'U:( $><M7MRM >/ R5( <><6
:7<(L >M(LX(L R5R UM(M R5( /U(: 7<'(Z 2 <' R5( @L>@(::(L @7R$5 ;(MUL(;(<R S2
M 7<@UR <' R5( M57@ M@((' ;(MUL(;(<R& 2 & M R5( M[MR(; >UR@URD M ;(<R7><('
(L:7(L& R57M >M(LX(L 7M 7<'(@(<'(<R >/ /U:RM 7< R5( M5/R M@((' ;(MUL(;(<RD >Y6
(X(L& 7R $< $>LL($R:[ @L>X7'( < (MR7;R( >/ R5( M5/R M@(('& Y57$5 7< RUL< 7M UM(' M
 AM>/RYL(B L('U<'<R 7</>L;R7>< Y5(<  /U:R >$$ULMD
5( :>$9 $><R7<7<4 R5( >M(LX(L <' /U:R 7M>:R7>< ;>'U:(M 7< 74D ?]D3P 7M R5(
/U:R '(R($R7>< <' 7M>:R7>< :>$9 <' >L747<::[ $><R7<M M(X(L: L(M7'U: 4(<(L6
R7>< <' /U:R 7'(<R70$R7>< ;>'U:(M& Y57$5 L( <>R :: (Z@:7<(' 5(L(D
 M5/R M@((' M(<M>L /U:R >$$ULM R R7;( -4 * 74 ?]D3O M5>YM  \>>; >/ R5(
R7;( L(M@><M(M >/ R5( M5/R M@((' <' R5( /U(: 7<'(Z Y5(< R5( /U:R >$$ULM R R5(
Y>LMR 7<MR<R 7< R7;(& 'UL7<4  RL<M7(<R (5X7>UL $UM(' [ :R(LR7>< >/ R5( 5<6
':( $>;;<' M7;U:R<(>UM:[ Y7R5 R5( '7(M(: R>LEU( (7<4 $:>M( R> R5( ;Z7;U;
:7;7RD  MRR7MR7$: /U:R '(R($R7>< ;(R5>' A B '(R($RM R5( M(<M>L /7:7<4 5745
R R7;( P+? M <' 4(<(LR(M  /U:R (X(<RD 5( MRR( 7< R5( '($7M7>< :>47$ $5<4(M
R> -B A+>F <' R5( /U:R 7M $$>;;>'R(' >< P+TD+ M Y5(L( R5( (//($R>L :R(LM R5(
/U:R[ ;(MUL(;(<R M74<: Y7R5 R5( (MR7;R( 4(<(LR(' [ R5( <><:7<(L >M(LX(LD
5( RL<M7(<R (5X7>UL />::>Y7<4 R5( /U:R $UM(M R5( >X(L:>' $><RL>::(L L@7':[
R> L('U$( R5( @7R$5 <4:(D 57M L@7' :>' L('U$R7>< ;9(M 7R '7/0$U:R />L R5( M5/R
M@((' $><RL>::(L R> L('U$( R5( M5/R M@(('D X(< 7< R57M (ZRL(;( $M(& R5( >X(LM5>>R
7< M5/R M@((' 7M M>;(  && Y57$5 7M (:>Y R5( $L7R7$: :7;7R >/ >X(L6M@((' M5UR '>Y<
A7M &B >/ R5( ;7< (<47<(D 5( RL<M7(<R R5UM 5M <> $L7R7$: (//($RM <' 7M $(LR7<:[
$$(@R:( $>;@L(' Y7R5 R5( :R(L<R7X(& Y57$5 Y>U:' ( 7<MR<R :>MM >/ @L>@U:M7><
>/ R5( M57@D < ($5 >/ R5( 04UL(M& R5( $ULX(M L(@L(M(<R R5( />::>Y7<4 $M(M% <>L;:
$M( AM>:7' :7<(B& /U:R[ $M( A'M5 '>RR(' :7<(B& <' L(6$><04UL(' $M( A'M5(' :7<(B&
L(/(L(<$( M74<: A'>RR(' :7<(BD 5( L(MU:R7<4 >X(LM5>>R 7M <>Y Y(:: (:>Y R5( $L7R7$:
IiO^ >:CFX>X C, )FC]WFA F5  X<>K KWFK`AX>FC XgX].B 7Z^

    !      
    #
      
             
 
  !  
 
  
     
            

 
           
           
       
       

 

"   
    
+ '9+/+ )]>d. W.)FC6:`W]>FC X)<.B. 5FW ]<. X<5] XK.., e<.C
]<. CFC=A>C.W F$X.Wd.W >X `X.,

>X(L6M@((' M5UR '>Y< :7;7R <' R5( (//>LR >/ '(M74<7<4 R5( '@R7X( >M(LX(L YM
Y(:: M@(<RD

+ '9+.+  hFFB F5 ]<. X<5] XK.., C, 5`.A >C,.f dA`.X >C ]<.
eFWX] )X.+ `X>C: ]<. F$X.Wd.W=:.C.W]., X<5] XK.., LfK.W>B.C] IM
7Z9 IiO KKA>)]>FC .fBKA.X

  
     
 

 

   

 


  

  

  




 

 





 

   

   
 

     

 
+ '9++  hFFB F5 ]<. X<5] XK.., C, 5`.A >C,.f dA`.X >C ]<.
eFWX] )X.+ `X>C: ]<. F$X.Wd.W=:.C.W]., X<5] XK.., LfK.W>B.C] _M

)9+ 4*-5!.!(& (  .1% &-1(-

2F6&62 98*3=*1/ 1" =( 38199

57M M($R7>< M5>YM 5>Y  '74<>MR7$ :4>L7R5; $< ( />U<' />L  MR(; 4(<(LR>L
[ UM7<4 MRLU$RUL: <:[M7MD
5( MR(; 4(<(LR>L 7M  @7:>R @L>$(MM X7::( R R5( <7X(LM7R[ >/ 7::( AL<$(BD
 4(<(L: X7(Y >/ R5( 7<MR::R7>< 7M 47X(< >< 74D ?]D3=D

+ '9+%+ .C.WA d>.e F5 ]<. X].B :.C.W]FW


IiO9 `K.Wd>X>FC F5  X].B :.C.W]FW 7Z7

5( (<(L4[ >/ R5( @L7;L[ :>>@ 7M @L>'U$(' [ < (:($RL7$ 5(R7<4& Y57:( R5( (<6
(L4[ >/ R5( MR(; AY57$5 Y>U:' ( L(::[ UM(' 7< 7<'UMRL7: @@:7$R7><M& (D4D [
@L>X7'7<4 7R R>  RUL>6:R(L<R>L 7<  @>Y(L MRR7><B& 7M 5(L( M7;@:[ '7MM7@R(' [
 $>>:7<4 M[MR(; R5R 7M $>;@>M(' >/  M(R >/ ;>'U:R7<4 X:X(M <'  $><'(<M(L
$>U@:(' Y7R5  5(R (Z$5<4(LD
< R5( />::>Y7<4  @LR >/ R5( 7<MR::R7>< Y57$5 7M $>;@>M(' >/ R5( YR(L /(('6
7<4 $7L$U7R <' >/ R5( ?O1 :7RL(M >7:(L R>4(R5(L Y7R5 R5( 5(R7<4 7M $><M7'(L('D 5(
R($5<>:>47$: '(M$L7@R7>< 7M 47X(< [ 74D ?]D1]D

 
  

        
  
 " & 
%& 
 & 
    " (
 
 %) %&
  

  
  !   

 
    (  & $
% ' # # )
    
  
    $  
 *
$  % % &  !  
   
  

   
   "  $


+ '9+9+ )<.B. F5 ]<. KWF).XX

5( '7//(L(<R M[MR(; XL7:(M L( :(::(' M%


 % ;MM7$ 2>Y A94QMB
 % R(;@(LRUL( A B
 % @L(MMUL( ALB
% :(X(: A:7RL(BD
(:M Y7R5  <U;(L7$: 7<'(Z '(<>R(  M(<M>L >UR@UR Y57:( :(:M Y7R5  :7RR(L:
7<'(Z MR<' />L R5( ;>'(: XL7:(MD >L (Z;@:(& ) 7M R5( >UR@UR >/ R5( @L(MMUL(
M(<M>L Y57:(  7M R5( @L(MM7>< M $>;@UR(' /L>; R5( ;>'(:D 5(L;: @>Y(L
A;(MUL(' 7<
QMB Y57$5 7M RL<M/(L(' [ $><X($R7>< >L $><'U$R7><& L(M@($R7X(:[& 7M
:(::(' [
 <' D

R(L /(('7<4 R5( MR(; 4(<(LR>L 7M MR>L(' 7< R5( R<9 R R(;@(LRUL(  <'
R5(< /(' 7<R> R5( >7:(L R5L>U45 R5( @U;@   R $><MR<R M@(('D U;@  . 7M
7< @L::(: Y7R5   <' MR<'M M L('U<'<R 5L'YL(D 5( YR(L :(X(:  <'
R5( @L(MMUL(  7< R5( >7:(L L( ;(MUL(' [ R5( M(<M>LM  &  <' ) D 5([ L(
L(4U:R(' [ R5( RY> ><6>// L(4U:R>LM   A@L(MMUL( $><RL>:B <'  A:(X(: $><RL>:BD
5(M( $><RL>::(LM $R >< R5( 5(R7<4 @>Y(L >/ R5( R5(L;: L(M7MR>L  
& Y57$5 7M
;(MUL(' [ M(<M>L  & <' >< R5( 2>Y >/ @U;@  Y57$5 7M ;(MUL(' [ M(<M>L
7Z[ IiO KKA>)]>FC .fBKA.X

. D 5( @L>'U$(' MR(;& Y5>M( <>;7<: 2>Y 7M    -4 O A;(MUL(' [


M(<M>L  2 B& 7M MU8($R R> < 7M(<R5:@7$ '(@L(MMUL7MR7>< & 'U( R>  M(R >/ ;>'U:R7<4
X:X(M  "   <'  * & U<R7: R5( 0Z(' @L(MMUL(   7M L($5('D 57M @L(MMUL(&
;(MUL(' [ M(<M>LM  . <'   8UMR 5(' >/ R5( ;>'U:R7<4 X:X(M& 7M L(4U:R('
[  @L(MMUL( $><RL>::(L $ %D 5( @L(MMUL( 'L>@ (RY((< R5(; (7<4 <(4:($R7:(&
R5( RY> ;(MUL(;(<RM L( L('U<'<RD 5( MR(; <' MRULR(' YR(L R(;@(LRUL(M
7< R5( >7:(L A>R5 (EU: R>  B& L( ;(MUL(' [ R5( R5(L;>$>U@:(M  <' * D
5( ;<U: X:X(  , >< R5( (;@R[7<4 @7@( >/ R5( >7:(L ::>YM R> $L(R(  YR(L
:(94( 7< R5( MR(; 4(<(LR>L& Y57:( R5( ;<U: X:X(  . >< R5( >UR@UR MR(;
@7@( ::>YM R> $L(R(  @7@( $:>447<4D   7M  [6@MM X:X( Y57$5 :M> ::>YM R>
$L(R(  MR(; :(94(D

2F6&6? 1-*/' 1" =( 9=. '/8=18

5( MR(; 4(<(LR>L 7M  '[<;7$: <><:7<(L M[MR(;D R 5M (<(L4[ >/ R5L(( '>6
;7<M& <;(:[ 5['LU:7$ (<(L4[ A2>YM >/ 2U7'M 7< @7@(MB& (:($RL7$ (<(L4[ A5(R7<4
@>Y(LB& R5(L;: (<(L4[ A@L>'U$R7>< >/ MR(;& R5(L;: (Z$5<4(MB <' ;($5<7$:
(<(L4[ A@U;@M& X:X(MBD 5L(( MUM[MR(;M L( '7MR7<4U7M5('%
?D R5( /(('YR(L $7L$U7R A@U;@& X:X(& @7@(B
TD R5( MR(; 4(<(LR7>< @L>$(MM
SD R5( R5(L;: L(M7MR>L D
5( ;>'(::7<4 5[@>R5(M(M L( M />::>YM%
% R(L <' MR(; L( MRULR('D 5(L;>'[<;7$: @L>@(LR7(M L( $:$U:R(' R
(EU7:7L7U; AR57M 7M 8UMR70(' [ R5( MMU;@R7>< R5R R5( YR(L6MR(; ;7ZRUL( 7M
5>;>4(<(>UMBD
% 5( YR(L6MR(; ;7ZRUL( 7M R  U<7/>L; @L(MMUL(  7D(D R5( (//($R >/ R5( MU@(L6
0$7: R(<M7>< >/ MR(; U:(M 7M <(4:($R('D
% >L( 4(<(L::[& :: XL7:(M 5X( U<7/>L; X:U(M& 'U( R> R5( M;:: M7\( >/ R5(
>7:(LD
% 5( MR(; 4(<(LR>L 5M 9<>Y< R5(L;: $@$7R[ <' 7R MU//(LM /L>; R5(L;:
:>MM(M [ $><'U$R7>< R> R5( (ZR(L<: (<X7L><;(<RD
% 5( :7EU7' 7< R5( /(('7<4 $7L$U7R 7M U<$>;@L(MM7:(D
% 5( @L>'U$(' MR(; 7M $>;@L(MM7:(D

B=8 *8@*=6 5( /(('YR(L $7L$U7R 7M $>;@>M(' >/  <U;(L >/ @7@(M& >/
 5['LU:7$ L(MRL7$R7><& >/ RY> @L::(: @U;@M& <'  ;<U: X:X(   E R(L 7M
@UM5(' [ R5( ><6>// $><RL>::(' 5['LU:7$ @U;@M $$>L'7<4 R> R5( YR(L :(X(:  
7< R5( MR(; 4(<(LR>LD

D8@-* .1-6 5( 5['LU:7$ ;>'(: 7M 7<R(<'(' R> '(R(L;7<( R5( YR(L 2>Y
 2 7< R5( >7:(L /(('7<4 @7@(D 57M 2>Y 7M >R7<(' [ R5( 7<R(LM($R7>< >/ R5(
IiO9 `K.Wd>X>FC F5  X].B :.C.W]FW 7ZZ

$5LL$R(L7MR7$M >/ R5( @U;@   A47X(< [ R5( @L>X7'(LB <' >/ R5( @7@( 
A74D ?]D1?BD

  

     

   

    

      

 
   

+ '9+'+ .].WB>C]>FC F5 ]<. 5..,>C: 8Fe

5( $ULX(M  <'  . L(@L(M(<R R5( @7@(M $5L$R(L7MR7$M />L '7//(L(<R X:U(M
>/ 7RM 5['LU:7$ L(M7MR<$(D 5( @U;@ $5L$R(L7MR7$M 7M 47X(< M  /U<$R7>< Y57$5
:7<9M R5( @L(MMUL( '7//(L(<$(   A@M$:B (RY((< R5( 7<@UR <' R5( >UR@UR& <'
R5( X>:U;7$ 2>Y   L D
5( '(R(L;7<R7>< >/ R5( ;MM7$ 2>Y  M  /U<$R7>< >/ R5( >UR@UR @L(MMUL(
7< R5( <9  <' >/ R5( @L(MMUL( 7< R5( MR(; 4(<(LR>L  8UMR $><M7MRM 7<
M>:X7<4 R5( />::>Y7<4 M[MR(; >/ (EUR7><M%
  '
@  - 4(   8 "4 2   ' ( ,11 8 "4 $
 "  
# 2
@   "M
 # E
  7M R5( @L(MMUL( 'L>@ (RY((< R5( 7<@UR <' R5( >UR@UR >/ R5( @U;@%
   "4 $  4  % E
 7M R5( A9<>Y<B @L(MMUL( R R5( >UR@UR >/ R5( R<9 <'   7M R5( @L(MMUL( R R5(
>UR@UR >/ R5( @U;@D 5( @L(MMUL( 'L>@ (RY((< R5( R<9 <' R5( 7<@UR >/ R5( @U;@
7M <(4:747:( $>;@L(' Y7R5 R5( 'L>@ (RY((< R5( >UR@UR >/ R5( @U;@ <' R5( >7:(LD
L 7M R5( YR(L '(<M7R[&  R5( @L(MMUL( 7<M7'( R5( >7:(L <'  $Z % R5(
@L(MMUL( 'L>@ $>(/0$7(<R MM>$7R(' Y7R5 R5( $><04ULR7>< >/ R5( @7@( A:(<45R& <U;6
(L >/ RUL<M& (R$BD 5( :RR(L :M> '(@(<'M >< R5( >@(<7<4 '(4L(( >/ R5( ;<U: X:X(
  D $ 7M  >>:(< XL7:( MM>$7R(' Y7R5 R5( >UR@UR >/ R5( $><RL>::(L& Y57$5
'(@(<'M >< R5( :(X(: '7//(L(<$( (RY((< R5( YR(L :(X(: 7< R5( MR(; 4(<(LR>L  
<' R5( L(/(L(<$( YR(L :(X(:  ?$' & <' >< ( R5( '(' \><( >/ R5( L(:[%
$   $ * $ ?$' 4  %( %E
7Z2 IiO KKA>)]>FC .fBKA.X

(8.- .1-6 R(L 7M /(' 7<R> R5( >7:(L R5L>U45  $:>L7/U4R(' @7@(& 7<R>
Y57$5 7R LL7X(M R ;7<R R(;@(LRUL( / D 5( >@(LR7<4 L(47;( 7M '7M$><R7<U6
>UM& <' R5UM R5( R5(L;: :>MM(M& [ L'7R7><& $><X($R7>< <' $><'U$R7>< $< (
<(4:($R('D 5(L(/>L(& R5( (<R5:@[ 2>Y
  A
QMB $LL7(' [ R5( /(('YR(L 2>Y 7M
(EU: R> R5R R R5( >UR@UR >/ R5( R<9
  %

  
    8 3 E
5( M@($70$ (<R5:@[ >/ R5( YR(L 7M 3 A
Q94B
3  &8$  (
Y5(L( &8$ ( R5( M@($70$ 5(R >/ R5( YR(L& 7M @L$R7$::[ $><MR<R UR '(@(<'M Y(9:[
>< R5( R(;@(LRUL( <' XL7(M /L>; 3?+] R> 144  8   8  />L R(;@(LRUL(
(RY((< ?1 <' ?]] D 7<$( R5( /(('YR(L R(;@(LRUL( XL7(M (RY((< S] <'
P] & R5( ;>'(: 7M YL7RR(< M

   144  E
R M5>U:' ( <>R7$(' R5R R5( MRR( >/ R5( YR(L 5M R> ( (X:UR(' Y7R5 L(M@($R R> 
M7$ L(/(L(<$( R(;@(LRUL(& Y57$5 7M R9(< R 2  4 E 5( M@($70$ (<R5:@[ >/
:7EU7' YR(L 7M R5UM $><M7'(L(' R> ( 3  4 R   4D

D8@-* .1- 1" 9=. @.@-=*1/6 5( XL7R7>< >/ R5( ;MM >/ R5( YR(L6
MR(; ;7ZRUL(  A94B 7< R5( >7:(L 7M
)
$ %      4   (
)P
Y5(L(   L(@L(M(<RM R5( ;MM7$ 2>Y >/ R5( MR(; R R5( >UR@UR >/ R5( >7:(L& Y57$5
2>YM R5L>U45 R5( ;<U: X:X(  . D
<[ ;>'(:M $< ( UM(' R> $>;@UR( R5( ;MM7$ 2>Y  >/  $>;@L(MM7:( 2U7'&
'(@(<'7<4 >< R5( >@(LR7<4 L(47;( >/ R5( @5[M7$: @L>$(MMD  Y(:: 9<>Y< ;>'(: 7M
47X(< [
    4/ . ; 4E

- A?]DTOB
   $ 4 . %  4/ . 2 4E (
Y5(L(  7M M>;( 2>Y $>(/0$7(<R& <'  (  ( . <' . L( L(M@($R7X(:[ R5(
@L(MMUL(M <' R(;@(LRUL(M R R5( 7<@UR AR5( >UR@URB >/ R5( @7@( L(MRL7$R7><MD R 7M
Y>LR5 <>R7$7<4 R5R (L<>U::7KM :Y AY57$5 :7<9M R5( 2>Y ><:[ Y7R5 R5( '7//(L(<$( >/
@L(MMUL(MB 7M X:7' ><:[ />L U<$>;@L(MM7:( 2U7'MD
< R5( @L(M(<R $M(& R5( @L(MMUL(M R R5( 7<@UR <' >UR@UR >/ X:X(  . L( L(M@($6
R7X(:[ R5( L(:R7X( @L(MMUL( Y7R57< R5( MR(; 4(<(LR>L  $ % <' R5( @L(MMUL(
R R5( 7<@UR >/ R5( '(@L(MMUL7MR7>< X:X(M   $. %D 57M @L(MMUL( 7M ;(MUL(' [
M(<M>LM  . <'   D 97<4 7<R> $$>U<R L(:R7>< A?]DTOB& 7R />::>YM
.
$ 4   %  
    $Z . %E E A?]DT+B

IiO9 `K.Wd>X>FC F5  X].B :.C.W]FW 7ZD

< EUR7>< A?]DT+B&  $Z . % 7M R5( @L(MMUL( 'L>@ $>(/0$7(<R MM>$7R(' Y7R5 R5(
MR(; >UR@UR @7@(D R '(@(<'M >< R5( X:X(  . @>M7R7>< <' 7R 7M (Z@(L7;(<R::[
'(R(L;7<('D

(8.- .1- 1" =( 1*-86 5( (<(L4[ :<$( (EUR7>< 7< R5( MR(; 4(<(LR>L
7M 47X(< [
)$
 %

    
'
  '   4
   4    (
)P
Y5(L( 3 >L
 L(& L(M@($R7X(:[& R5( M@($70$ (<R5:@[ <' R5( R>R: (<R5:@[ 7<
R5( >7:(L& <'  
7M R5( R5(L;: 5(R7<4 @>Y(L
 
 $. E  $. E-4444 E
57M @>Y(L 7M 4(<(LR(' [  -4  5(R7<4 L(M7MR>L& ;(MUL(' [ M(<M>L  & <'
$><RL>::(' [ R5( ><Q>// L(4U:R>L& Y57$5 $RM >< R5( @L(MMUL(  7< R5( MR(; 4(<6
(LR>LD $. AR5( L(:[ >UR@URB 7M R5( >>:(< $><RL>:& Y57$5 '(@(<'M >< R5( '7//(L(<$(
(RY((< R5( @L(MMUL( 7< R5( MR(; 4(<(LR>L  <' 7RM L(/(L(<$( X:U(  ?$' &
R97<4 7<R> $$>U<R R5( L(:M '(' \><( D
$.   $ * $ ?$' 4  %( %E
  7M R5( @>Y(L A
QMB @L>X7'(' [ R5( Y>L9 >/ R5( @L(MMUL( />L$(M& Y57$5 7M $>;6
@UR(' /L>; R5( L(:R7><
     
)
   E
)P
 A=, B 7M R5( 4(>;(RL7$ X>:U;( >/ R5( >7:(L& <;(:[ 4( ", , D
5( R>R: (<R5:@[ 2>Y $LL7(' [ R5( MR(; 7M @L>@>LR7><: R> R5( M@($70$ (<R5:@[
>/ R5( MR(; 3 <' R> 7RM ;MM7$ 2>Y   %

      8 3 E
   7M R5( R5(L;: @>Y(L '7MM7@R(' [ $><'U$R7>< /L>; R5( YR(L6MR(; ;7ZRUL(
R> R5( ;(R: >'[ >/ R5( >7:(LD R 7M $:$U:R(' (:>Y& 7< R5( R5(L;: :>MM(MD

1-*/' =( =(8.- -19996 (R &  ( R5( R5(L;: $@$7R[ >/ R5( ;(R: >'[
>/ R5( >7:(LD Y> $M(M L( 7< 4(<(L: $><M7'(L(' Y5(< ;>'(::7<4 MU$5 M[MR(;M%
% < R5( 0LMR $M(& R5( R5(L;: $@$7R[ 7M R9(< 7<R> $$>U<R& UR R5( 7M>:R7>< (6
RY((< R5( ;(R: >'[ <' R5( ;7<R R;>M@5(L( 7M $><M7'(L(' M @(L/($R& M>
R5R R5( :>MM(M L( <(4:($R('D

% < R5( M($><' $M(& L'7R7><Q$><'U$R7>< 7M @L(M(<R (RY((< R5( ;(R: >'[ <'
R5( >URM7'( Y>L:'D
< R5( 7::( @L>$(MM& (Z@(L7;(<RM 5X( M5>Y< R5R R5(L;: :>MM(M A[ L'7R7>< <'
$><'U$R7><B $>U:' <>R ( <(4:($R('& M7<$( M(X(L: @LRM >/ R5( @7@(M& M(<M>LM& X:X(M
72i IiO KKA>)]>FC .fBKA.X

L( <>R $:>L7/U4R('D >L(>X(L& R5( ;MM >/ R5( ;(R: >'[ >/ R5( >7:(L $<<>R (
<(4:($R(' A"41 BD
5( (<(L4[ :<$( MM>$7R(' Y7R5 R5( ;(R: >'[ >/ R5( >7:(L& Y5>M( X>:U;( 7M
  <' '(<M7R[ 7M L  7M 47X(< [
) 
L    &      4   (
)
Y5(L(
     $ 4   % E
  7M R5( '7MM7@R(' R5(L;: @>Y(L R> R5( (ZR(L<: Y>L:'& Y5>M( R(;@(LRUL( 
7M MU@@>M(' R> ( $><MR<RD L;(R(LM L  <' &  '(@(<' >< R5( 97<' >/ ;(R:
Y57$5 $><MR7RUR(M R5( >'[ >/ R5( >7:(L
    $  4  % E
 <'  L( 5(R (Z$5<4( $>(/0$7(<RMD  '(@(<'M >< R5( :(<4R5 9
>/ R5( @7@(& >/ 7RM (ZR(L<: <' 7<R(L<: '7;(R(LM  <'  & >< R5( X>:U;7$
;MM L >/ R5( MR(;& >< R5( R5(L;: $><'U$R7X7R[ $>(/0$7(<R : & >< R5( '[<;7$:
X7M$>M7R[ > ( <' >< R5( L'7R7>< $>(/0$7(<R  D  '(@(<'M >< R5( ;7<R
R;>M@5(L( @L>@(LR7(MD

98*3=*1/ 1" =( =B1)3(9 B=8)9=. .*C=@86 Y> @>MM77:7R7(M (Z7MR />L
;>'(::7<4  RY>6@5M( ;7ZRUL(%
?D L7R( R5( :<$( (EUR7><M />L ($5 >/ R5( RY> @5M(M& <' YL7R( R5( (EUR7><M
Y57$5 ;>'(: R5( (Z$5<4(M (RY((< R5(;D >Y(X(L& R5(M( (EUR7><M L( <>R
Y(:: 9<>Y<& <' R57M :('M R>  X(L[ 5U4( <U;(L >/ (EUR7><MD
TD ><M7'(L 4:>: (EUR7><M Y57$5 @@:[ R> R5( RY> @5M(M M7;U:R<(>UM:[D 57M
@@L>$5& :R5>U45 <>R X(L[ L74>UL>UM& 7M R5( ><:[ ><( Y57$5 ::>YM R> >R7<
@L$R7$: ;>'(:M& @LR7$U:L:[ ($UM( 7R 7<X>:X(M R5( M>6$::(' 6A+(>F / >&
9>,  & Y57$5 L(@L(M(<RM R5( LR7> (RY((< R5( MR(; <' R5( YR(L 7< R5(
;7ZRUL(D
<  YR(L6MR(; ;7ZRUL(& 7D(D 7< R5( $M( >/ MRULR(' MR(;& R(;@(LRUL( <' @L(M6
MUL( L( <>R 7<'(@(<'(<RD 5( @L(MMUL(  <' R5( MR(; EU:7R[  L( '(R(L;7<('
[ R5( />::>Y7<4 ;7ZRUL( (EUR7><





3  
 3 $ % 8  ' 3 $ % 8 $" 4 %




@  
 @ $ % 8  ' @ $ % 8 $" 4 %(
Y5(L( 3 $ %& 3 $ %& @ $ % <' @ $ % L( @>:[<>;7: R5(L;>'[<;6
7$: /><$R7><M >/ R5( @L(MMUL(  & >/ R5( M@($70$ (<R5:@7(M 3 <' >/ R5( ;MM7$ X>:6
U;(M @ >/ R5( :7EU7' <' >/ R5( MR(;D 5([ L( '(R(L;7<(' A/>L  47X(< >@(LR7<4
L(47;(B [  :(MR MEUL(M >@R7;7MR7>< @@L>$5 /L>; R5( YR(L6MR(; (EU7:7L7U;
R:(M%
IiO9 `K.Wd>X>FC F5  X].B :.C.W]FW 72I

.
3 $ %  44( , 4 ",( 1" ' 1-4
 , .
3 $ %  44( 41/ ' 4( , 4 ""(  4 ( , ' /,
   ,
@ $ %  4( / 8 "4  ' 4( 4414, 4 4( 4/1
.
'4( 1  4 "( 4/ ' 1( "--
@ $ %  4/(  8 "4  ' "( 1- 8 "4 
) , .
' "( 4/ 8 "4,
57M M[MR(; R5UM ::>YM R> '(R(L;7<( R5( MR(; EU:7R[ & R5( @L(MMUL( 7< R5( YR(L6
MR(; ;7ZRUL(  M Y(:: M R5( R(;@(LRUL(  UM7<4 R5( />::>Y7<4 R5(L;>'[6
<;7$: /U<$R7><%
.
  44(   ' "1( ,1/ ' ( 44/E

2F6&6> 9*'/ 1" =( *'/19=* 9D9=.

3*#=*1/96 U:RM $< >$$UL 7< R5( @L>$(MM 7RM(:/& >L 7< R5( M(<M>LM <' $RU6
R>LM& (D4D M  $5<4( 7< R5( @L;(R(LM >/ M>;( $>;@><(<RD 5( M@($70$R7><M
L( 7<R(<'(' R> :7MR R5>M( /U:RM Y57$5 5X( R> ( $><M7'(L('D $5 /U:R 7M R5(< M6
M>$7R(' Y7R5 ><( >L M(X(L: (EUR7><M >/ R5( M[MR(; ;>'(:& 7D(D Y7R5 XL7:(M >L
@L;(R(LM >/ R5R ;>'(:D
5( '74<>MR7$ M[MR(; Y7:: ( MM>$7R(' Y7R5 47X(< '(R($R7>< <' 7M>:R7>< EU:6
7R[ :(X(:M& (X:UR(' (D4D [ R5( /:M( :L; <' ;7MM('6'(R($R7>< @L>7:7R7(M& R5(
'(R($R7>< '(:[& R5( @>MM77:7R[ R> 0<' >UR Y57$5 /U:R L(::[ >$$UL('& ;><4 R5(
'7//(L(<R @>MM7:( ><(MD
5( ;7< 4>: >/  MR(; 4(<(LR>L 7M R> '(:7X(L  MR(; 2>Y Y7R5 47X(< @L(M6
MUL( <' R(;@(LRUL(D 5( 0LMR $><M7'(L(' /U:R 7M R5UM MM>$7R(' Y7R5 R5( >UR@UR
MR(; 2>Y& 7D(D Y7R5 R5( A@LR7: >L R>R:B $:>447<4 >/ R5( >UR@UR @7@(& Y57$5 $< (
;>'(::(' M  $5<4( 7< R5( @L(MMUL( 'L>@ $>(/0$7(<R  D
< 7<'UMRL7: @>Y(L @:<RM 7R 7M 7;@>LR<R R> $>;@:(R(:[ M(@LR( R5( @L7;L[ <'
R5( M($><'L[ :>>@MD 57M ;(<M R5R <> :(94( 7M ::>Y('D 5(L(/>L(& R5( M($><'
$><M7'(L(' /U:R 7M  :(94( 7< R5( MR(; 4(<(LR>LD U$5  /U:R Y7:: 7<2U(<$( R5(
R5(L;: (<(L4[
 <' R5( ;MM  $$U;U:R(' 7< R5( >7:(LD
5( ;(MUL(;(<RM L( (MM(<R7: />L R5( $><RL>: >/ R5( @L>$(MM& R5UM :('7<4 R>
$><M7'(L M(<M>L /U:RM #. ( , (  (  ( * ( ) (  2 (  (  . (   $ 7< >UL :7MRD

9*'/ 1" =( /-D=* 8@//D 8-=*1/96 5( M[MR(; ;>'(: $< ( '($>;6
@>M(' 7<R> RY> MUM(RM >/ L(:R7><MD 5( (5X7>UL >/ R5( @L>$(MM 7M '(M$L7(' [ R5(
L(:R7><M >/ R5( >X( ;>'(: A B& Y57$5 >X7>UM:[ $><$(L< ><:[ :(RR(L67<'(Z('
XL7:(MD 5( 9<>Y:('4( X7::( 7< L(: R7;( >UR R5( (5X7>UL 7M '(M$L7('
[ R5( L(:R7><M  Y57$5 L( 8UMR  Y[ >/ M5>Y7<4 Y57$5 M[MR(; XL7:(M L(
;(MUL('D

(A*1@8 .1-6 L>; R5( @L(X7>UM (EUR7><M& R5( (5X7>UL ;>'(: 7M M />::>YM
72_ IiO KKA>)]>FC .fBKA.X

.
    44(   ' "1( ,1/ ' ( 44/
   3  3  ' 3 $" 4 %
   @  @  ' @ $" 4 %
 , .
  3  44( 41/ ' 4( , 4 ""(  '
' ( , ' /,
.
   3  44( , ' ",( 1" ' 1-4
   @  4/(  8 "4)  ,
' "( 1- 8 "4 
.
' "( 4/ 8 "4,
   ,
   @  4( / 8 "4  ' 4( 4414, 4 4( 4/1
.
'4( 1  4 "( 4/ ' 1( "--


   @  

  3 
-

       $Z . % 8 "

 #



     ##D

       4  
  
   #
#D

 
    
'
  '   4
   4   

  
   144 
  
      E3
        $ 4   %
   L    &  8   '   $  '  %
   '  
     ##D 
        
      ##D

57M ;>'(: 7M  M(R >/ T? $><MRL7<RM A<><:7<(L :4(L7$ <' '7//(L(<R7: (EUR7><MB&
Y57$5 :7<9 T1 U<9<>Y< XL7:(MD
L>; R5( @5[M7$: <:[M7M >/ R5( @L>$(MM& R5( MRR( X($R>L 7M >/ '7;(<M7>< R5L((D
Y> MRR( XL7:(M L( MM>$7R(' Y7R5 R5( $$U;U:R7>< 7< R5( >7:(L& <;(:[ R5(
R5(L;: (<(L4[
 <' R5( ;MM  D 5( R57L' MRR( XL7:( 7M MM>$7R(' Y7R5
R5( $$U;U:R7>< >/ R5( R5(L;: (<(L4[ 7< R5( ;(R: >'[ >/ R5( >7:(LD R 7M 5(L(
L(@L(M(<R(' [ R5( R(;@(LRUL(   D
< 4(<(L:& R5( 7<7R7: $><'7R7><M (7<4 U<9<>Y<& ><:[ '(L7XR7X( $UM:7R[ $< (
UM(' />L R5( '(R(L;7<R7>< >/ R5( <:[R7$ L('U<'<$[ L(:R7><MD >Y(X(L& 7< R57M
$M(& R5( 7<7R7: $><'7R7><M $< ( '(L7X(' R ($5 >@(LR7>< >/ R5( MR(; 4(<(LR>LD
<'(('& R5( 7<7R7: ;MM  $4% >/ R5( ;7ZRUL( />::>YM /L>; R5( L(:R7><
 $4%   $4%L $4% '  $4%L $4%
  $4%L $4% '
 4  $4% L $4%(
IiO9 `K.Wd>X>FC F5  X].B :.C.W]FW 72^

Y5(L(  $4% 7M R5( 7<7R7: X>:U;( >/ R5( :7EU7' 7< R5( >7:(L& Y57$5 7M 0Z(' A/>L 
47X(< @L(MMUL(  $4%B [ R5( L(/(L(<$( >/ R5( :(X(: L(4U:R7>< M[MR(; A4E"- ,
7< >UL @@:7$R7><BD 5( X>:U;(  $4% >/ R5( MR(; R5(< />::>YM /L>;  ( R5(
R>R: X>:U;( >/ R5( >7:(L& 47X(< [ 7RM 4(>;(RL[D 5( X>:U;7$ ;MM(M >/ R5( MR(;&
L $4% <' >/ R5( :7EU7' L $4% L( '(R(L;7<(' /L>; R5( R5[(L;>'[<;7$: R:(M R
@L(MMUL(  $4%D
5( R>R: 7<7R7: (<R5:@[ $$U;U:R(' 7< R5( MR(; 4(<(LR>L 7M R5(<

 $4%   $4%3 $4%
  $4%
3 $4%E$4% ' 3 $4%$" 4 $4%% E
5( 7<7R7: M@($70$ (<R5:@[ >/ R5( ;7ZRUL(& 3 $4%( 7M '(R(L;7<(' M  /U<$R7><
>/ R5( 7<7R7: MR(; EU:7R[& $4% Y57$5 7M $>;@UR(' [
 $4%  $4%
$4%  
 $4% '  $4%  $4%
<' >/ R5( MR(; , 3 $4% , <' YR(L , 3 $4% , (<R5:@7(M& '(R(L;7<(' /L>; R5(L6
;>'[<;7$: R:(MD 5( 7<7R7: R(;@(LRUL( >/ R5( >7:(L >'[   $4% L(MU:RM /L>;
R5( '7//(L(<R7: (EUR7><  " 7< MRR7$ L(47;(& Y5(L( R5( 7<7R7: R(;@(LRUL( 7< R5(
>7:(L  $4% '(@(<'M >< R5( MRULR7>< @L(MMUL(  $4%
  $4% '  
  $4%  E
 ' 

/91896 5( $><MRL7<RM MM>$7R(' Y7R5 R5( M(<M>LM L( R5( />::>Y7<4%
  .   $. (    %

  ,*22   $,  O(   O*%
   8 "444   
$  (- 
 %
     $ (    %
  *   $* (    %
  )   $) (   )%

  ,*22    $ 2  O(   O*%
     $ (   )%
   .    $ . (    )%
        $  (    )%E

2F6&6& =8@=@8- /-D9*9

5( MRLU$RUL: ;>'(: 7M 7<R(<'(' R> <:[M( R5( MRLU$RUL: @L>@(LR7(M >/ R5( M[MR(;
<' R> @L>X7'( R5( ;(<M >/ $L(R7<4 L(M7'U:MD <$( R5(M( L(M7'U:M 5X( ((< 7'(<6
R70('& R5( (5X7>UL ;>'(: 5M R> ( UM(' R> '(R(L;7<( R5( $RU: /U<$R7><M Y57$5
5X( R> ( 7;@:(;(<R(' />L R5(7L L(:6R7;( $>;@URR7><D
         729
        
                                                                      

    
      


       
    

    

    

   

 
 
    
       
     
   
IiO KKA>)]>FC .fBKA.X

  
     
         


      
      

     
  
  
    

     
     

   

   
   
   

+ '9+2+ C)>,.C). B]W>f F5 ]<. XgX].B X]W`)]`WA :WK<


   
   
  

 
  
    
IiO9 `K.Wd>X>FC F5  X].B :.C.W]FW 727

 

    

 
       
         

   
           
                 
      
   
    


     
   
    
   
 
   
          
             
  

    
     
  

  

    
        

    

 


     

   
  

  

+ '9+1+ W>.C]., X]W`)]`W. :WK< F5 ]<. $F>A.W

5( 7<$7'(<$( ;RL7Z >/ R5( M[MR(; MRLU$RUL: 4L@5 7M 47X(< [ 74D ?]D1SD
5( <:[R7$ L('U<'<$[ L(:R7><M (Z@L(MM R5( $>;@R77:7R[ $><'7R7><M >/ R57M M[M6
R(; >/ /" (EUR7><M <' 1 U<9<>Y<MD 5([ L( (Z577R(' [ @(L/>L;7<4  $>;@:(R(
;R$57<4 Y7R5 L(M@($R R> R5( U<9<>Y< XL7:(M& M M5>Y< >< R5( 7<$7'(<$( ;RL7Z&
<' 7::UMRLR(' [ 74D ?]D1SD 5( <><6;R$5(' $><MRL7<RM L(
    # "(  (  "4( ( ( "4$ E
>;@UR7<4 R5( U<9<>Y< XL7:(M M /U<$R7><M >/ R5( 9<>Y< ><(M [ ;(<M >/ R5(
;R$57<4& <' R5(< @URR7<4 R5( L(MU:R 7<R> R5( $><MRL7<RM >/   & ><( >R7<M M7Z
L(:R7><M Y57$5 :7<9 ><:[ 9<>Y< XL7:(M& 7D(D M7Z <:[R7$ L('U<'<$[ L(:R7><MD
72[ IiO KKA>)]>FC .fBKA.X

26 5( 0LMR  $"% L(MU:RM /L>;  "&  <' -& <' R5( MM>6
$7R(' :R(L<R(' $57< 7M M5>Y< >< 74D ?]D13D

     
   




+ '9++ I X`$:WK<

57M :('M R> R5( />::>Y7<4 $>;@URR7><M%


.
    44(   ' "1( ,1/ ' ( 44/
  *  
  )   E
(@:$7<4  <'  [ R5(7L ;(MUL(M ) <' * 7<R> (Z@L(MM7><  "& ><(
>R7<M "
*  44(  ). ' "1( ,1/) ' ( 44/E A?]DT=B

?6 5( $>;@URR7>< />L; >/ 1 7M%


.
$ 4   % 8  
       $Z . %

.
    44(   ' "1( ,1/ ' ( 44/
  )  

  ,*22   
   .   
$/-44%. $) 4  . % 8  8  .
   4  .2  4
44(  ). ' "1( ,1/) ' ( 44/
$/-44%. $) 4  . % 8  8  .
K.   .2 4 E
44(  ). ' "1( ,1/) ' ( 44/
K. 7M 7< . O*. & 7R L(@L(M(<RM R5( :7<9 (RY((< R5( MR(; 2>Y   ( M $>;@UR(' [
 &   <'  & <'  2 & R5( ;(MUL(' X:U( >/ R57M 2>YD R 7M L(@L(M(<R(' ><
74D ?]D11D

>6 5( MU$$(MM7X( MR(@M />L R5( $>;@URR7>< >/ / L( M />::>YMD

=3 26 L>; $><MRL7<RM " 4 "4 <'  "/ 4  ",( < (:7;7<R7>< @L>6
$('UL( @L>X7'(M R5( />::>Y7<4 (Z@L(MM7>< >/
 %

" #

  $ ' 144. , 4  $ 4   % 4  2 3 $) %)P% '
 $4%E
IiO9 `K.Wd>X>FC F5  X].B :.C.W]FW 72Z





     



  

 

 

 

+ '9++ _ X`$:WK<

=3 ?6 L>;  "" 4  "/( 1 <' , R5( />::>Y7<4 L(:R7>< 7M >R7<('%

  $, 4  2 %O/-44)P '  $4%E

=3 >6 5( (Z@L(MM7>< >/  AR9(< /L>;  /B 7M >R7<(' UM7<4   <' R5(
>X( (Z@L(MM7>< >/ 
 '
4( ",O $, 4  2 %O/-44)P '  $4% 4 @ $) %
 E
@ $) % 4 @ $) %

=3 &6 <>R5(L (Z@L(MM7>< >/


 7M >R7<(' [ MUMR7RUR7><& L(@:$7<4  <'
 [ R5(7L L(M@($R7X( (Z@L(MM7><M 7< $><MRL7<R  %
".#

 
!  ' (
2" )C "  #C,*22#D$
"2# 5 " #
5
" #5 " # 8 $3 $)# 4 3 $) %%

 '
'3 $) % 8 $, 4  2 %O/-44)P '  $4% E

5( L(M7'U: 7M R5(<


".# " #
K, 
 4

  '
4( ",O $, 4  2 %O/-44)P '  $4% 4 @ $) %
2, 
@ $) % 4 @ $) %
! (
' 
8 $3 $)# 4 3 $) %% ' 3 $) % 8 $, 4  2 %O/-44)P '  $4%
722 IiO KKA>)]>FC .fBKA.X

! (
4 $ ' 144. , 4  $ 4   % 4  2 3 $) %%)P '
 $4% E

K, 7M < (<(L4[ A7<


B Y5>M( MRLU$RUL( 7M M5>Y< >< 74D ?]D1PD

 

    

 
     
          
  
   
  

           

 
            
      
    

    
    

  

      
        
 

           
  

   

     
  
  

  

   
  

 

+ '9+/+ ^ X`$:WK<

>;( L(;L9M >< / />::>YD

#,! '9+' (&( '#16


FW )AW>]g+ ]<.W. >X CF )F.56)>.C] >C ]<>X .fKW.XX>FC ]F >CX`W. >]X <FBF:.C.>]gO C 5)]+ ]<.
8FeX X<F`A, $. >C @:\X e<>A. ]<. X.CXFWX  C, $ KWFd>,. B.X`W.B.C]X >C @:\<O <.
.C.W:g X<F`A, $. >C
e<>A. X.CXFW  KWFd>,.X B.X`W.B.C]X >C @
O .X>,.X+ 1  ! C,
1  ! B`X] $. >C
\@:O 7'

#,! '9+2 (&)%5#16


<. )FBK`]]>FC 5FWB F5 ]<>X W.X>,`A B@.X `X. F5 BCg )FCX]W>C]XO <>X 5FAAFeX 5WFB ]<.
5)] ]<] BCg dW>$A.X )CCF] $. B.X`W., L.C]<AKg+ dFA`B>) BXX+ .C.W:g+ Q`A>]g F5 ]<.
X].BMO 7'
IiO9 `K.Wd>X>FC F5  X].B :.C.W]FW 72D

9 & $ / ;6 5( R5L(( :MR M L( MM>$7R(' Y7R5 5L'YL( L('U<'<$[&
M7<$( M(X(L: M(<M>LM L( ;(MUL7<4 R5( M;( M[MR(; XL7:(MD
(<M>LM  <' * L( >R5 :>$R(' 7< R5( >7:(L& UR * 7M M:745R:[ 5745(L R5<
 <' R5UM 7R ;(MUL(M R5( R(;@(LRUL( >/ R5( MR(;D <'(L R5( 5[@>R5(M7M R5R R5(
;7ZRUL( 7M L(::[ 5>;>4(<(>UM& >R5 M(<M>LM M5>U:' @L>X7'( R5( M;( X:U(
K   4 * E
(<M>L ) 7M :>$R(' 7< R5( >7:(L Y57:( M(<M>L  7M :>$R(' R R5( >UR@URD (4:($R6
7<4 R5( @L(MMUL( 'L>@ 7< R5( AM;::B @7@(& >R5 M5>U:' @L>X7'( R5( M;( X:U(
K  ) 4  E
(<M>LM  . <'   L( >R5 :>$R(' (/>L( R5( RY> @L::(: ;>'U:R7<4 X:X(M R
R5( (47<<7<4 >/ R5( '(@L(MMUL7MR7>< $7L$U7R
K*   . 4  E

2F6&6$ @-= 9*'/=@89

(;(;(L R5R R5( M74<RUL( >/  /U:R 7M R5( MUM(R >/ R5( L('U<'<$[ L(:R7><M
Y57$5 L( 7<2U(<$(' [ R5( /U:RD 5( /U:RM R> ( '(R($R(' <' 7M>:R(' L( /U:RM 7<
R5( M(<M>LM # ( * ( ) (  (  . (   (  2 $ <' 7< # (  $D >L R5( M[MR(; >/
P L('U<'<$[ L(:R7><M& R5( L(MU:R7<4 M74<RUL( R:( 7M 47X(< 7< :( ?]D?TD

- 2F62? U:R M74<RUL(M


 . ,   * )  2   .    
L I I
L. I I I I
L, I I I I I I I
L I I
L I I
L* I I

:: RY(:X( $>:U;< X($R>LM L( '7//(L(<R /L>; \(L>& <' R5UM :: /U:RM L( '(R($R:(D
>R( R5R /U:RM >< M(<M>LM . & , <'  Y57$5 Y(L( <>R 7< R5( M@($70$R7><M&
$< :M> ( '(R($R(' A7R Y7:: ( M((< (:>Y R5R R57M 7M <>R (Z$R:[ RLU(& R5( $RU:
M(<M7R7X7R[ (7<4 R>> :>YBD 5( @5[M7$: 7<R(L@L(RR7>< >/ R5( R5(>L(R7$: M74<RUL(M
7M M />::>YM%
% (M7'U: K :7<9M R5( R(;@(LRUL(  <' R5( @L(MMUL(  >/ R5( MR(;6YR(L
;7ZRUL(D  $:>447<4 >L  :(94( M5>U:' <>R $R >< R57M L(M7'U:D
% (M7'U: K. :7<9M R5( MR(; ;MM7$ 2>Y   & R5( >UR@UR @L(MMUL(   & R5(
@L(MMUL( 7< R5( >7:(L  & <' R5( R(;@(LRUL(  D  $:>447<4 M5>U:' M5>Y
7Di IiO KKA>)]>FC .fBKA.X

R5L>U45 R57M L(M7'U: M7<$( $>(/0$7(<R  7M (Z@:7$7R(:[ @L(M(<R 7< R5( $>;@UR6
R7>< />L;D
% (M7'U: K, :7<9M R5( '7//(L(<R (<(L47(M (Z$5<4('D R M5>U:' ( M(<M7R7X( R> 
YR(L :(9 ($UM(  @@(LM (Z@:7$7R(:[ 7< 7RM (Z@L(MM7><D
% (M7'U:M K & K & <' K* (Z@L(MM 5L'YL( L('U<'<$[ <' R5UM L( M(<M7R7X( R>
R5( /U:RM 7< R5( MM>$7R(' M(<M>LMD 5([ M5>U:' ( 7<'(@(<'(<R >/ R5( $:>447<4
>L R5( :(94( /U:RMD
>R( R5R 7R 7M :Y @>MM7:( R> >R7< <(Y M [ $>;7<7<4 R5( (Z7MR7<4
><(MD 57M $< ( '><( [ MUMR7RUR7<4 ><( XL7:( 7<  L(:R7>< [ 7RM (Z@L(MM7><
>R7<(' /L>; <>R5(L L(:R7><D >L (Z;@:(&  <(Y L(M7'U: K) $< ( $L(R(' /L>;
K <' K [ (:7;7<R7<4 ) <'& R5(L(/>L(& K) Y>U:' ><:[ '(@(<' >< * <'  D
5( '($7M7>< @L>$('UL( <>Y Y>L9M M />::>YM%
?D 7LMR $>;@UR( R5( L(M7'U:M <' $5($9 Y5(R5(L R5([ L( >L <>R '7//(L(<R /L>;
\(L> AL(M7'U:M (7<4 MR>$5MR7$ XL7:(M& R57M $::M />L 5[@>R5(M(M R(MR7<4 >/
$5<4( @>7<R '(R($R7>< :4>L7R5;MBD
TD ><MRLU$R R5( M[MR(; M74<RUL( [ @URR7<4  \(L> />L (X(L[ \(L> L(M7'U: <'
 ? />L (X(L[ <><6\(L> L(M7'U:& <' $>;@L( R5( M[MR(; M74<RUL( Y7R5 R5(
R5(>L(R7$: ><(M 47X(< [ :( ?]D?TD
/ $>ULM(& M7<$( '($7M7>< (LL>LM L( :Y @>MM7:(& R5( M[MR(; M74<RUL( ;745R
( '7//(L(<R /L>; <[ R5(>L(R7$: M74<RUL( 7< R5( R:(D < R5R $M(& R5( <(L(MR ><(
7M 7< 4(<(L: R9(<D 5UM& R5( '(R($R7>< <' 7M>:R7>< @L>$('UL( Y7:: ( :(MM M(<M7R7X(
R> (LL>LM M R5( '7MR<$(M (RY((< R5( R5(>L(R7$: M74<RUL( 7M :L4(LD :( ?]D?S
47X(M R5( ;;7<4 '7MR<$(M (RY((< R5( ?T R5(>L(R7$: M74<RUL(MD
R $< ( <>R7$(' R5R R5( '7MR<$( (RY((< R5( M74<RUL(M MM>$7R(' Y7R5 . ( , ( 
<'  7M \(L>D 57M ;(<M R5R <[ >/ R5(M( /U:RM 5M R5( M;( M74<RUL(& <'
R5UM& 7R 7M 7;@>MM7:( R> 7M>:R( Y57$5 ><( 5M >$$UL('D ;(:[&  /U:R >/ ><( >/ R5(
R5L(( M(<M>LM $<>R ( '7MR7<4U7M5(' /L>;  :(94( 7< R5( >7:(LD
" '9+'1 BB>C: ,>X]C).X

    
  $     
 i i i _ _ ^ I I ^ _ _ i
 i i _ _ ^ I I ^ _ _ i
 i _ _ ^ I I ^ _ _ i

i _ 7 ^ _ ^ _ _ _
 i ^ ^ 9 7 9 9 _
 i _ ^ 9 7 ^ ^
$ i ^ _ ^ I I
 i ^ _ _ I
 i I I ^
 i _ _
 i _
 i
IiO9 `K.Wd>X>FC F5  X].B :.C.W]FW 7DI

2F6&6; C38*./=- 89@-=9


18.- 138=*1/6 < <>L;: >@(LR7><& R5( L(M7'U:M M5>U:' ( \(L> 7< R5( 7'(:
$M( A<> ;>'(::7<4 (LL>L& <> U<$(LR7<R7(M& <> ;(MUL(;(<R <>7M(BD 57M 7M <>R R5(
$M(& M7<$( ;>'(::7<4 (LL>LM <' <>7M(M L( L(::[ @L(M(<RD >Y(X(L& R97<4 7<R> $6
$>U<R R5( L(:R7X( X:U(M >/ R5( L(M7'U:M Y7R5 L(M@($R R> R5( $>LL(M@><'7<4 M74<:M
M5>YM R5R R5( @L($7M7>< 7M <>R '& M 7::UMRLR(' <>Y />L L(M7'U: K, & Y5>M( (6
5X7>UL 7< <>L;: >@(LR7>< 7M M5>Y< [ 74D ?]D1OD


  
  
 

 

 

 

 
      
       
+ '9+.+ .X>,`A G >C CFWBA FK.W]>FC

57M L(M7'U: (Z@L(MM(M R5( '7//(L(<$( (RY((< R5( RY> X7::( Y >/ $>;6
@UR7<4
 D :( ?]D?3 47X(M R5( <>L;:7M(' X:U(M >/ K, ACBD R 7M M((< R5R R57M
L(M7'U:& :R5>U45 <><\(L>
' 7< <>L;: >@(LR7><& $< MR7:: ( UM('& M7<$( 7RM X(L6
4( X:U(' 1(  8 "4,  7M X(L[ M;:: Y7R5 L(M@($R R> R5( X(L4( X:U( >/
 &
,( "   & R5( LR7> (7<4 4( /- &D

- 2F62& (M7'U: K, <:[M7M


(L$(<R4( Y7R5
(M7'U: K, X:U(
L(M@($R R>

,
X(L4( X:U( 1( 1 8 "4 4( /-
R<'L' '(X7R7>< //( 4 , 4( "1
Z7;U; X:U( ( 4// 8 "4, 4( ,4
7<7;U; X:U( ,( 44- 4( "1

2F6&6: @-= 9/8*19


/918 "@-=96 (<M>L /U:RM L( $L(R(' [ ''7<4  " & (ZRL M74<: R> R5(7L >UR@UR
>< R5( R7;( Y7<'>Y ", *& "4 *#D . & , <'  $R ><:[ >< L(M7'U: K, UR R57M ><(
7D_ IiO KKA>)]>FC .fBKA.X

'>(M <>R L($RD 5( L(M>< 7M R5R :R5>U45 7R 7M MRLU$RUL::[ M(<M7R7X( R> R5( /U:RM& 7RM
$RU: A<U;(L7$:B M(<M7R7X7R[ 7M ;U$5 R>> :>Y AR5( (<(L4[ MM>$7R(' Y7R5 R5( /U:RM
7M <(4:($R7:( Y7R5 L(M@($R R> R5( (<(L4[ >/ R5( 4(<(LR>LBD  <' * L( @L(M(<R
7< L(M7'U:M K & K, <' K D K, '>(M <>R L($R R> R5(M( /U:RM& />L R5( M;( L(M>< M
:L('[ (Z@:7<('D UR K <' K L( L(::[ M(<M7R7X( M M5>Y< [ 74D ?]D1+D




   

   

   

 

   
             
               

LM L$M
+ '9++ .X>,`A G e>]< # " FC X.CXFW  LA.5]M C, W.X>,`A
G e>]< # " FC X.CXFW 
LW>:<]M

U:RM >< M(<M>LM ) <'  //($R L(M7'U:M K & K. <' K, D Z@(L7;(<R: L(MU:RM
L( 47X(< >< 74D ?]D1= <' ?]DP]D






 
        
  
  
+ '9+%+ .X>,`A G e>]< # " FC 

R 7M M((< R5R R5( M(<M7R7X7R[ >/ K, R> ) 7M L(:& <' R5UM 7R L($RM R> R5( /U:RD
7;7:L:[& L(M7'U:M K. (R K, L( L(::[ M(<M7R7X( R> /U:RM >/ M(<M>L  2 <' L(M7'U:M
K. & K* L( L(::[ M(<MR7X( R> /U:RM >/  . <'   D
5UM& :: M(<M>L /U:RM $< ( '(R($R(' M7<$( R :(MR ><( L(M7'U: 7M L(::[ M(<MR7X7(
R> ($5 >/ R5(;D
IiO9 `K.Wd>X>FC F5  X].B :.C.W]FW 7D^


               
 




  

 




    
 
    

                
LM L$M
+ '9+/9+ .X>,`A G LA.5]M C, G LW>:<]M e>]< I7 " FC 

8199 "@-=96 Y> (Z@(L7;(<RM L( ;'( Y7R5 R5( /U:R[ @L>$(MM% R5( $:>447<4
>/ R5( >UR@UR X:X( A(RY((< R7;( -4 * <' "44 *B& <'  YR(L :(94( 7< R5( >7:(L
A><:[ />L S M($><'M& /L>; R7;( "1 * R> "1 *& M7<$( R5( (Z@(L7;(<R 7M X(L[ '<4(L6
>UMBD
M (Z@($R('& L(M7'U: K 7M <>R M(<M7R7X( R> <[ >/ R5(M( /U:RMD (M7'U: K. 7M
M(<M7R7X( ><:[ R> R5( $:>447<4 A74D ?]DP?B ($UM( 7R 7M MM>$7R(' Y7R5 R5( MR(;
2>Y   A;(MUL(' [  2 B Y57$5 7M <>R //($R(' [ R5( /U:R 7< R5( $><M7'(L('
>@(LR7<4 $><'7R7><M AR5( >7:(L MR7:: $><R7<M YR(L (<>U45BD

 
      


    

       

+ '9+/'+ .X>,`A G )AF::>C: F5 ]<. F`]K`] K>K.

(M7'U: K, A74D ?]DPTB 7M ><:[ M(<MR7X( R> R5( :(9D 5( @5[M7$: 7<R(L@L(RR7><
7M R5R M7<$( R5( :(X(: L(4U:R>L RL7(M R> $>;@(<MR( R5( :(9& R5( >7:(L 0::M U@ Y7R5
;>L( $>:' YR(L& 5(<$( $L(R7<4  $5<4( 7< 7RM (<(L4(R7$ $><R(<RD
(M7'U:M K & K <' K* $><0L; R5(7L 7<M(<M7R7X7R[ R> R5( $:>447<4 <' R> R5( :(9D
7D9 IiO KKA>)]>FC .fBKA.X


      



    

        
+ '9+/2+ .X>,`A G A.@ >C ]<. $F>A.W

2F6&6 A-@=*1/ 1" =( C38*./=- 89@-=9

< M@7R( >/ R5( M7;@:70$R7><M& R5( ;>'(: >/ R5( MR(; 4(<(LR>L 7M EU7R( 4>>'& M
M5>Y< [ R5( /$R R5R 7< <>L;: >@(LR7><& R5( L(M7'U:M L( @L$R7$::[ \(L>D
RLU$RUL: <:[M7M 5M ((< @@:7(' R> '(M74< R5( /U:R '74<>MR7$ M[MR(;& <' 5M
@L>X7'(' L(M7'U:M Y57$5 '(R($R <' 7M>:R( R5( /U:RM 47X(< 7< R5( M@($70$R7><MD
5( $><M7MR(<$[ (RY((< R5( (Z@($R(' (5X7>UL >/ R5( L(M7'U:M <' R5(7L $RU:
(5X7>UL 5M ((< (Z@(L7;(<R::[ M5>Y<D
5( '($7M7>< @L>$('UL( Y57$5 5M ((< @@:7(' 7M LR5(L M7;@:(% 5( L(M7'U:M
5X( ((< $>;@L(' Y7R5  R5L(M5>:' (EU: R> S R7;(M R5( MR<'L' '(X7R7>< U<'(L
R5( <>L;: >@(LR7>< 5[@>R5(M7MD R 5M <>R ((< <($(MML[ R> '(X(:>@ ;>L( M>@57M6
R7$R(' @@L>$5(M& M7<$( R5( L(MU:RM >R7<(' 7< R5( <>;7<: >@(LR7<4 L(47;( AP6+
LMB L( EU7R( MR7M/$R>L[% >L :: R5( (Z@(L7;(<RM Y57$5 5X( ((< @(L/>L;('& R5(
/:M( :L; <' R5( ;7MM('6'(R($R7>< LR(M Y(L( \(L>D

)9+ 4$1 1($-&1 $1-!$ .1-!& ( 6-(4. 1-4#.

57M $M( MRU'[ '(:M Y7R5 (:($RL7$: MR((L7<4&  $>;7<(' 5L'YL(6M>/RYL(6


$><RL>: @L>:(; R5R M5>YM 5>Y R5( ;(R5>'M /L>; R5( R5(>L[ $5@R(LM L( @@:7('
R> R57M R[@( >/ (;(''(' M[MR(;D (7<4 $L7R7$: R> R5( M/(R[ >/ X(57$:(M& R5( MR((L6
7<4 M[MR(; >/  X(57$:( 7M L(EU7L(' R> ;7<R7< R5( X(57$:(M 7:7R[ R> MR((L U<R7: 7R
7M L>U45R R> 5:R& M5>U:'  /U:R >$$ULD 7R5 (:($RL7$: MR((L7<4 ($>;7<4  $>MR6
(//($R7X( $<'7'R( />L (:($RL7$: @>Y(L(' X(57$:(M&  /U:R6R>:(L<R L$57R($RUL( 7M
<(('(' R5R ;((RM R57M L(EU7L(;(<RD 57M $M( MRU'[ RL(RM R5( /U:R6R>:(L<$( @L>@6
(LR7(M >/ < (:($RL7$: MR((L7<4 M[MR(;D R @L(M(<RM  <>X(: /U:R6R>:(L<R L$57R($RUL(
Y5(L(  '('7$R(' 6;>R>L '(M74< YM UM(' 7< $><8U<$R7>< Y7R5 $5(@ X>:R4(
;(MUL(;(<RM R> (<MUL( '(R($R7>< >/ :: L(:(X<R /U:RM 7< R5( MR((L7<4 M[MR(;D 5(
MRU'[ M5>YM 5>Y $R7X( $><RL>: L($><04ULR7>< $< $$>;;>'R( :: $L7R7$: /U:RMD
5( /U:R6R>:(L<R MR((L7<4 M[MR(; YM 7;@:(;(<R(' >< R5( 5L'YL( >/  YL(5>UM(
IiO7 `A]=]FA.WC] .A.)]W>)A X]..W>C: F5 eW.<F`X. ]W`)@X 7D7

RLU$9 <' X:7'R7><M Y(L( ;'( Y7R5 5L'YL(67<6R5(6:>>@ R(MRM& '(;><MRLR7<4 '76
4<>M7M >/ :: $L7R7$: /U:RM <' 7:7R[ R> >R7< R5( L(EU7L(' /U:R6R>:(L<R $@7:76
R7(MD

2F6$62 /=81@=*1/

 MR((L7<4 M[MR(; />L  X(57$:( >< @U:7$ L>' 7M L(EU7L(' R> ;7<R7< 7RM 7:7R[
R> MR((L U<R7: 7R $< ( L>U45R R> 5:R& 7LL(M@($R7X( >/ <[ M7<4:( /U:R 7< R5( MR((L6
7<4 M[MR(;D 7R5 (:($RL7$: MR((L7<4 ($>;7<4  $>MR6(//($R7X( $<'7'R( />L MR((L7<4
>/ (:($RL7$: @>Y(L(' X(57$:(M& M[MR(; L$57R($RUL( <' U<'(L:[7<4 7<R(L/$(M& M74<:
@L>$(MM7<4 <' $><RL>: ;(R5>'M <((' ( '('7$R(' R> ;((R R57M /U<';(<R: L(EU7L(6
;(<RD
7:6>@(LR7><: M[MR(;M R5R L( :( R> $><R7<U( >@(LR7>< Y7R5 U<$5<4(' @(L6
/>L;<$( 7LL(M@($R7X( >/ <[ '(/($R Y7R57< R5( M[MR(; 7RM(:/ L( $>;;>< 7< $L7R7$:
@@:7$R7><M MU$5 M 7L@:<( $><RL>:D ;@:(;(<R(' Y7R5 RL7@:( L('U<'<$[ >L ;>L(&
R5(M( M[MR(;M L(& 5>Y(X(L& @L>577R7X( />L $>;;(L$7: ;L9(RMD < >L'(L R> $57(X(
:>Y6$>MR M>:UR7><M& 7'(M /L>; /U:R6R>:(L<R $><RL>: $>U:' ( UM(/U: M7<$( Y( $>U:'
$$(@R '(4L'(' @(L/>L;<$( /R(L  /U:R 5M >$$ULL('& 7/ R5( X(57$:( 7M MR7:: :( R>
( MR((L(' U<R7: 7R $< ( L>U45R R>  5:RD
57M $M( MRU'[ MU44(MRM  /U:R6R>:(L<R M>:UR7>< />L < (:($RL7$: MR((L7<4 M[MR(;&
'7M$UMM(M 5>Y 5L'YL(& M>/RYL( <' M[MR(; /U<$R7><:7R[ M5>U:' ( ''L(MM(' <'
@L(M(<RM  /U:R6R>:(L<R L$57R($RUL( R5R (<:(M  $5(@ M>:UR7>< R5R ;((RM R5( L(6
EU7L(;(<R >/ UR5>L7R7(M />L 'L7X7<4 >< @U:7$ L>'MD <:[M7<4 R5( L$57R($RUL( >/
 MR((L7<46[6Y7L( M[MR(; 7R 7M $><M7'(L(' 5>Y 'U@:7$R(' $RUR>L ;>R>LM $>U:' (
X>7'('D M7<4 R5(  ;>R>L MRL6@>7<R ;(MUL(;(<R& R5( MRU'[ M5>YM 5>Y '746
<>M7M 7M >R7<(' />L :: $L7R7$: M7<4:(6/U:R $M(M 7< R5( M[MR(;D 7<::[& < (ZRL$R
>/ M[MR(;R7$ R(MRM >/ 5L'YL( <' M>/RYL( /U:RM L( 7<$:U'(' M X:7'R7>< >/
R5( /U:R6R>:(L<$( 7:7R7(M >/ (:($RL7$: MR((L7<4 M[MR(;D L'YL( 7< R5( :>>@ R(MRM
Y(L( ;'( M X:7'R7>< UM7<4 R5( 5L'YL( @:R/>L; /L>;  YL(5>UM( RLU$9 R>
'>$U;(<R L(: @(L/>L;<$(D

2F6$6? -=8*- =8*/'

5( L$57R($RUL( >/  M7$ (:($RL7$: MR((L7<4 M[MR(; />L X(57$:(M 7M M5>Y< 7<
74D ?]DPSD 5( '>U:(6LL>YM 7<'7$R( R5R $><<($R(' MU6M[MR(;M //($R ($5 >R5(LD
5( MR((L7<4 M[MR(; $><R7<M  MR((L7<4 7<@UR M[MR(;&  $>;@UR(L&  'L7X( M[MR(;& <
7<'U$R7>< ;>R>L& ;($5<7$: :7<9 R> MR((L7<4 Y5((:AMB& <'  RR(L[ @>Y(L MU@@:[D
5( UM(L $>;;<' $>;(M /L>;  MR((L7<46Y5((: >L  8>[6MR7$9D 5( MR((L7<4 7<@UR
M[MR(; 7M  5L'YL( $>;@><(<R& Y57$5 RL<M/>L;M R5( ;($5<7$: 7<@UR R>  L(/(L6
(<$( MR((L7<4 M74<: />L R5( $>;@UR(LD  $><RL>: :4>L7R5; 7< R5( $>;@UR(L 4(<(LR(M
R5( $RU: $><RL>: $>;;<' R> R5( 'L7X( M[MR(;& <' R5( 'L7X( M[MR(; $><X(LRM R5(
X>:R4( >/ R5( @>Y(L MU@@:[ 7<R>  R5L(( @5M( X>:R4( M74<: />L R5( 7<'U$R7>< ;>R>LD
5( ;>R>L 7M ;($5<7$::[ :7<9(' R> R5( Y5((:AMB >/ R5( X(57$:(D
7D[ IiO KKA>)]>FC .fBKA.X

   !          !

  
          
         

          
          
         

+ '9+/1+  $X>) .A.)]W>)A X]..W>C: XgX].B

>L YL(5>UM( RLU$9M <' M7;7:L $>;;(L$7: @@:7$R7><M&  MR((L7<4 M[MR(; 7M


<(('(' R5R 7M :>Y6$>MR <' /U:R6R>:(L<RD  M7$ (:($RL7$ MR((L7<4 M[MR(; 7M M5>Y<
7< 74D ?]DPSD R 7M @>R(<R7::[ :>Y6$>MR UR 7M <>R /U:R6R>:(L<RD > '(X(:>@  :>Y6
$>MR <' /U:R6R>:(L<R MR((L7<4 M[MR(;& :: MUM[MR(;M <' R5(7L 7<R(L$R7><M <((' (
$L(/U::[ $><M7'(L('D 7R5 R57M @UL@>M(& 7R 7M UM(/U: R> M(@LR( 7<R> R5L(( MUM[M6
R(;MD <( 7M R5( @>Y(L MU@@:[& R5( M($><' 7M R5( MR((L7<4 7<@UR M[MR(;& R5( R57L' 7M
R5( Y5((: 'L7X( $RUR>L& $>;@L7M7<4 $>;@UR(L& 'L7X( (:($RL><7$M& 7<'U$R7>< ;>R>L&
Y5((:& <' M(<M>LMD 57M $M( MRU'[ $><M7'(LM R5( :RR(LD

=@=18 / 9/918 9D9=.6 74D ?]DP3 M5>YM Y5((: 'L7X( $RUR>L M[MR(;D 5(
'L7X( $><M7MRM >/ < 7<X(LR(L <'  4R(6'L7X(LD  6M74<:M L( $:$U:R(' [ R5(
$>;@UR(L <' />LYL'(' R> R5( 4R(6'L7X(L R5R >@(<M <' $:>M(M R5( M(;7$><'U$6
R>L MY7R$5(M A BD 5( @>Y(L (:($RL><7$M $><X(LRM R5( RR(L[ MU@@:[ X>:R4( R>
 MY7R$5(' R5L(( @5M( X>:R4( Y57$5 7M @@:7(' R> R5( 7<'U$R7>< ;>R>LD >R(<R7::[&
MU$5 M[MR(; $>U:' $><R7<  <U;(L >/ '7//(L(<R M(<M>LMD >Y(X(L& />L R5( YL(6
5>UM( RLU$9 <' >R5(L :>Y6$>MR @@:7$R7><M& 7R 7M @>MM7:( R> UM(  $><RL>: @L7<$7@:(
Y57$5 UM(M ><:[ R5( X(L4( $ULL(<R 4 />L /(('$9D 74UL( ?]DP3 M5>YM R5L((
M(<M>LM% R5( Y5((: '(;<' J & $ULL(<R $><MU;(' [ R5( @>Y(L MR4( 4 <' R5(
MRR>LK MRL @>7<R X>:R4( >/ R5( ;>R>L& AD D

8*=*- "@-=96 R 7M @>MM7:( R> 7'(<R7/[  :L4( <U;(L >/ @>MM7:( /U:RM 7< R5(
'L7X( M[MR(; <' R5( 7<'U$R7>< ;>R>L& 5>Y(X(L& <>R :: /U:RM L( L(:(X<RD >L R5(
YL(5>UM( RLU$9& M/(R[ 7M R5( 9([ 7MMU(& <' /U:RM R5R <((' R> ( $><M7'(L(' L(
R5>M( R5R 5X( 7;@:7$R7><M >< M/(R[D
5( MR((L7<4 M[MR(; />L  YL(5>UM( RLU$9 7M M  L(:R7X( :>Y6R>LEU(Q:>Y6@>Y(L
@@:7$R7>< <' 7< MU$5 @@:7$R7><M& L(4U:R7><M [ @U:7$ UR5>L7R7(M :7MR ;($5<76
$: $>;@><(<RM Y57$5 L( U<:79(:[ R> /7: 7/ R5(7L '(M74< />::>Y 47X(< MR<'L'MD >L
(Z;@:(& L(94( >/ R5( L>R>L M5/R <' L(94( >/ R5( 7L>< LM 7< R5( L>R>L (:><4
R> R57M $R(4>L[D < $><RLMR& ;>R>L (L7<4M ($>;( Y>L< <' Y7:: /7: (X(<RU::[D
:: (:($RL><7$ $>;@><(<RM <((' R> ( $><M7'(L(' @L><( R> /7:UL(D 57M 7<$:U'(M
R5(  :7<9 M(<M>L AR5( 4 M74<:B& R5( $>;@UR(L Y7R5 <:>4 7<R(L/$( <' R5(
IiO7 `A]=]FA.WC] .A.)]W>)A X]..W>C: F5 eW.<F`X. ]W`)@X 7DZ


 
   
     
          


 

 
  

  

+ '9+/+ X>) e<..A ,W>d. XgX].B

7<X(LR(L (:($RL><7$MD 5( 7<X(LR(L $><R7<M 4R(6'L7X(L <' R5( @>Y(L MY7R$5(MD $5
@>Y(L MY7R$5 $< (7R5(L ( M5>LR $7L$U7R(' >L ( >@(< $7L$U7R(' A'7M$><<($R('BD
:($RL7$: $>;@><(<RM 7<$:U'( 5L<(MM <' 7<'U$R7>< ;>R>LD < R5( ;>R>L& MRR>L
Y7<'7<4M L( MU8($R R> ( '7M$><<($R(' >L M5>LR $7L$U7R('& < 7<R(L<: RUL< Y7<'7<4
M5>LR $7L$U7R $>U:' >$$ULD < R5( 5L<(MM >L 7< R5( ;>R>L&  @5M( $>U:' ( '7M$><6
<($R(' A>@(< @5M( /U:RBD  @5M( $>U:' ( M5>LR6$7L$U7R(' R> $5MM7M UR MU$5 /7:6
UL( 7M '(:R Y7R5 [ 7<RL7<M7$ '(M74< UM7<4 Y(:: (MR:7M5(' R($5<7EU(M Y7R5 '>U:(6
7<MU:R7><D
>;@><(<R /7:UL(M R5R Y>U:' $UM( :>MM >/ MR((L7<4 $@7:7R[ Y7R5 R5( M7$
L$57R($RUL( >/ R5( (:($RL7$: MR((L7<4 M[MR(; L( :7MR(' 7< :( ?]D?D

" '9+'+ W>]>)A )FBKFC.C] 5>A`W.X


`$XgX].B FBKFC.C] >A`W. FO
W>d. ]. ,W>d.W A5`C)]>FC -
Fe.W Xe>])< <FW] )>W)`>] -
Fe.W Xe>])< >A FK.C -
F]FW >C,>C: K.C K<X. -
>C,>C: `WC X<FW] -

WC.XX K.C K<X. -


WC.XX <X. ]F )<XX>X -
.W>C: ]`)@ -
.CXFW  A>C@ A5`C)]>FC -
Fe.W WC.XX Fe.W AFXX -$
7D2 IiO KKA>)]>FC .fBKA.X

2F6$6> D9=. 8(*==@8

5( L(EU7L(;(<R >/ ;7<R7<7<4 7:7R[ R> MR((L R5( X(57$:( U<R7: 7R $< ( L>U45R
R>  5:R 5M M>;( MRL745R/>LYL' 7;@:7$R7><M >< R5( L$57R($RUL( >/ R5( (:($RL7$:
MR((L7<4 M[MR(;&
% > M7<4:( /7:UL( >/  $>;@><(<R ;[ @L(X(<R '(EUR( MR((L7<4 7:7R[
% 5( M[MR(; M5:: [@MM  /U:R[ $>;@><(<R R> $><R7<U( >@(LR7>< >L >X(LL7'( R5(
(//($RM >/  /U:R[ $>;@><(<R
% / < $RUR>L /U:R 7M @L(M(<R& @L::(: $R7>< M5>U:' 5X( (<>U45 $><RL>: UR5>L7R[
R> >X(LL7'( R5( (//($RM >/ R5( /U:R
57:( 4>>' $M( [ $M( (<47<((L7<4 '(M74<M $>U:' ( $57(X(' /L>; MU$5 7;;('76
R( >M(LXR7><M&  M[MR(;R7$ <' L74>L>UM <:[M7M >//(L 7;@>LR<R (<(0RMD <( 7M
R> MMUL( R5R <[ $>;@><(<R '7M$L(@<$[ /L>; <>L;: 7M $>X(L(' [ < <:[M7M >/
/U:R @L>@4R7>< <' R5( $><M(EU(<$(M >/ $>;@><(<R /7:UL(D <>R5(L 7M  @L>X:(
$>LL($R '('U$R7>< >/ /U:R @L>@4R7>< /L>; M7$ MMU;@R7><M 7M  X:U:( R>>: 7<
R5( EU:7R[ MMUL<$( <' M[MR(;R7$ X:7'R7>< >/  '(M74<D 5( :4(L7$ @@L>$5
R> /U:R @L>@4R7>< <:[M7M& Y7R5 R5( (ZR(<M7>< R> 4(<(L7$ $>;@><(<R L(@L(M(<R6
R7><M @L>X7'(  UM(/U: ;(R5>' />L  M[MR(;R7$ '(M74<D

1.31//=)9 /-D9*96 5( <:[M7M @L(M(<R(' 5(L( 7M M(' >< M(LX7$(M >/6
/(L(' [ $>;@><(<RM 7< <>L;: >L /U:R[ ;>'(M& <' R5( 7;@$R R5( L$57R($RUL(
5M >< R5( M(LX7$( X7::( /L>; R5( (<R7L( (:($RL7$: MR((L7<4 M[MR(;D  $>;@:(R(
/U:R6@L>@4R7>< <:[M7M YM $LL7(' >UR 7< "T13#D

@9D9=. (A*1@896 5( M[MR(; L(9'>Y< 7< 74D ?]DPS M5>Y(' R5( M[MR(;
$>;@><(<RM <' R5(7L 7<R(L$R7><D 7R5 <>RR7>< />L M74<:M M5>Y< 7< :( ?]DS&
(5X7>ULM 7< <>L;: ;>'( (RY((< 7<@UR <' >UR@UR M74<:M L( :7MR(' 7< :( ?]DTD
5( M(LX7$(  ".# >//(L(' [  $>;@><(<R 7 7M R> '(:7X(L < >UR@UR& $$>L'7<4 R>
"I#
R5( M@($70(' (5X7>UL  ".# $&. % Y5(L( U ) #?( )"( )1( EE( A$ 7M  X(LM7>< >/ R5(
M(LX7$( R5R />::>YM /L>; R5( $><'7R7>< >/ R5( $>;@><(<R A<>L;:& L('U$('?&DD&<><(BD
/  $>;@><(<R 5M < 7<R(L<: /7:UL(&  X(LM7>< >/ R5( M(LX7$( ;[ ( X7::(
"##
Y7R5 '(4L'(' @(L/>L;<$(  ".# $&. % >L R5( M(LX7$( ;[ <>R ( X7::( R ::
"##
 ".# $&. %D

D9=. 98A*6 5( MR((L7<4 M(LX7$( >R7<(' />L R5( M[MR(; M < (<R7L(R[ 7M 
/U<$R7>< >/ R5( $>;@><(<R L$57R($RUL(  <' R5( X(LM7>< X($R>L 7 />L R5( @L(M(<R
$><'7R7>< >/ $>;@><(<RMD 7R5 = $>;@><(<RM& R5( M(R >/ X7::( (5X7>ULM Y7::
I" # I".# I"2# I",#
( I  $& ( &. ( EEE( &2 %& <' R5( >X(L:: M[MR(; M(LX7$( 7M  "A# $( &, % 
",#
$ %( 4  "( EEE( =D 7R5  M7<4:( MRL7<4 L$57R($RUL( M 74D ?]DP3& Y( >R7<
IiO7 `A]=]FA.WC] .A.)]W>)A X]..W>C: F5 eW.<F`X. ]W`)@X 7DD

" '9+2+ FBKFC.C] X.Wd>).X C, $.<d>F`WX


FBKFC.C] C `] .<d>F`W
.5.W.C). P    %1 P !
FBK`].W  ( (  %  !
 ,W>d. , ,2 P2  % ( !
F]FW ,2 ' +
2 '  %' ,2 '
2 ' >2 !

2  %'# ,2 ' ' ' >2 !
2=X.CXFW 2' 2 2'  2
Fe.W  ! !  %=;ILA

" '9+1+ F]]>FC


W>$A. fKAC]>FC
P W>d.WVX >CK`] )FBBC,
 FWQ`. ,.BC,
, FBBC, ]F >Cd.W].W
,2 Y ,1 ]]FW LWF]FWM dFA]:.

2 Y
1 ]]FW LWF]FWM )`WW.C]
E2 Y E1 ]]FW LWF]FWM B:C.]>) 8`f A>C@:.
B+ N C:A.X X]]FW C, WF]FW 6.A,X
' F]FW ]FWQ`.
>' F]FW=X<5] C:`AW d.AF)>]g
B' F]FW=X<5] C:A.
2 d.W:. BF]FW )`WW.C]
2' .X`W., d.W:. BF]FW )`WW.C]
P) ]WKF>C] dFA]:.
! ]].Wg dFA]:.
! `X dFA]:.

"A#
(   J 0  8 0  2 0  # 0  , 0  ! 0  L ( A?]DS]B
Y5(L( MU@(LM$L7@R V 7<'7$R(M Y5((:& C 7M @>Y(L MU@@:[& = 7M ;>R>L& ) 7M 'L7X(& 4 7M
$ULL(<R M(<M>L& & 7M $>;@UR(L <' T 7M X>:R4( M(<M>LD
< :R(L<R7X( $>U:' (  5L'YL( $><04ULR7>< Y7R5 RY> @L::(: R>R::[ L('U<6
'<R :7<(M Y7R5 ><:[ R5( Y5((: 7< $>;;><&

"A# '
'0  J 0 8 0 2 0 # 0 , 0 ! 0 L
''
2  8. 0  2. 0  #. 0  ,. 0  !. 0  L. A?]DS?B
57M M>:UR7>< 7M (Z@(<M7X( M 7R L(EU7L(M RY> ;>R>LMD Y> ;>R>LM Y>U:' ( ::>Y('
R> 'L7X(  $>;;>< M5/R 7/ 7R 7M @L>X(' R5R  5(:R5[ ;>R>L Y7:: ( :( R> 5X(
$><RL>: UR5>L7R[ >X(L  /U:R[ ><(D  $>MR (//($R7X( M>:UR7>< Y>U:' ( ><( M7<4:(
;>R>L R5R $>U:' UM( 'U: Y7<'7<4M >< R5( MRR>L <' '7X7'( R5( @>Y(L 'L7X( >UR@UR
MR4(M (RY((< R5( Y7<'7<4MD 7R5 MU$5 M>:UR7><& >R5 Y7<'7<4 M(RM <' 7<X(LR(L
[ii IiO KKA>)]>FC .fBKA.X

MR4(M Y>U:' ( UM(' 7< <>L;: >@(LR7>< Y57:(& 7< $M( >/ /7:UL( 7< ><( MRR>L&
R5( ;>R>L Y>U:' ( 'L7X(< Y7R5 U@ R> 5:/ >/ ;Z7;: A<>;7<:B R>LEU(D 5( /U:R6
R>:(L<R L$57R($RUL( M5>Y< 7< 74D ?]DP1 7M M(' >< R57M 7'(D R YM  @L(L(EU7M7R(
/>L R57M M>:UR7>< R5R R5( L>R>L LM >/ R5(  ;>R>L L( <>R @L><( R> /7:UL(D L(M(<R
AT]]PB MR<'L'M ::>Y  $>;;>< L>R>L @L>X7'(' '(M74< LU:(M L( '5(L(' R>& 8UMR
M 7M R5( $M( >/ R5( $>;;>< L>' /L>; R5( ;>R>L R> R5( MR((L7<4 Y5((:& Y57$5 7M
MMU;(' U<:79(:[ R> /7: @L>X7'(' MR<'L' '(M74< LU:(M L( />::>Y('D


 

   
     
       


 

  
     
       
  

  

 
       


 

 
  


+ '9+/+ C W)<>].)]`W. 5FW 5`A]=]FA.WC] .A.)]W>)A X]..W>C:

5( M(LX7$( R M[MR(; :(X(: 7M


"A# ' '
+   J 0  2# 0  8 2  8. 0  , 2  ,. A?]DSTB
' ''
0  ! 0  # 0  L 2  !. 0  #. 0  L.
5( @L'74; 7< R57M L$57R($RUL( 7M R5R $>;@><(<R /7:UL(M M5>U:' ( '(R($R:(
<' /U:R[ $>;@><(<RM ( [@MM(' [ $><RL>::7<4 R5( M74<: 2>Y 7< R5( M>/RYL( >/
R5( M[MR(;D M7<4  ;>R>L Y7R5 'U: Y7<'7<4M L(EU7L(M
IiO7 `A]=]FA.WC] .A.)]W>)A X]..W>C: F5 eW.<F`X. ]W`)@X [iI

% > $L7R7$: /7:UL( 7< R5( ;>R>L ;UMR @L(X(<R R5( '(X(:>@;(<R >/ R>LEU( 7< R5(
<><6/U:R[ @LRD
%  ;>R>L (L7<4 /U:R M5>U:' ( '(R($R(' (/>L( 7R $< RUL< 7<R>  /7:UL( R5R
;9(M R5( ;>R>L M5/R U<:( R> RUL<D

@- 9==18  .1=186 <  ;>R>L Y7R5 />UL Y7<'7<4M YM @L>@>M(' (L:7(L 7<
R5( :7R(LRUL(D  M7;@:(L <' ;>L( $>MR (//($R7X( M>:UR7>< 7M R> L(;7< Y7R5  R5L((
@5M( 'L7X( M[MR(;M M7<$( ;MM @L>'U$(' @>Y(L MR4(M />L 7<X(LR(LM A  '(X7$(MB
L( X7::( />L R5( M7Z RL<M7MR>L MY7R$5 L7'4( M(RM UM(' [ S6@5M( 'L7X(MD (<$(&
7R 7M Y>LR5Y57:( R> 7<X(MR74R(  ;>R>L @L>@(LR7(M />L ;>R>LM Y7R5 'U@:7$R(' MRR>L
Y7<'7<4MD  :[>UR >/  'U: MRR>L  ;>R>L 7M M5>Y< 7< 74D ?]DPPD  M$LUR7<[ >/
@L;(R(LM 7< R5( 'U: Y7<'7<4 ;>R>L M5>Y(' R5R ><( @5[M7$: ;>R>L Y7R5 'U:
Y7<'7<4M 47X( /U:R6R>:(L<$( @L>@(LR7(M EU7R( (EU7X:(<R R> RY> 7<'(@(<'(<R ;>R>LM
><  $>;;>< M5/RD 5( 9([ 7MMU( 7M R5R R5( ;URU: 7<'U$R<$( AA 7M <>R M> :L4(
R5R  M5>LR $7L$U7R >< ><( Y7<'7<4 Y7:: @L(X(<R R5( ;>R>L /L>; RUL<7<4 UM7<4 R5(
>R5(L Y7<'7<4 />L $><RL>:D

+ '9+//+  BF]FW e>]< ,`A X]]FW e>C,>C:X L$g )F`W].Xg F5


O O
<FBX.CM

7@*8./=9 =1 "@-= ==*1/ / 1..1=*1/6 5( /U:R6R>:(L<R L$57R($6


RUL( 7<$:U'(M RY> $RUR>LM 7< @L::(: $><M7MR7<4 >/ 'L7X( M[MR(; <' MRR>L Y7<'6
7<4MD < <>L;: >@(LR7>< >R5 $RUR>LM L( $R7X( <' $>6>@(LR( R> L>RR( R5( Y5((:
$$>L'7<4 R> $><RL>: 7<@URD /  /U:R M5>U:' >$$UL 7< ><( >/ R5( RY> $RUR>LM 7R ;UMR
( '(R($R(' <' $$>;;>'R(' R> $57(X( /U:R R>:(L<$(D :: $L7R7$: /U:RM Y57$5
L( <>R 5<':(' [ '(M74< M '(M$L7(' 7< ($R7>< ?]D1DS ;UMR ( '(R($R(' <' $6
$>;;>'R('D 57M 7<$:U'(M /U:RM / & /. & /, & / & / & <' / & 7< :( ?]D?D
R $< ( (Z@($R(' R5R /U:RM 7< R5( 'L7X( M[MR(; Y7:: @L>@4R( R> 5X( < (//($R 7<
R5( MRR>L Y7<'7<4MD (X(L: ;(R5>'M (Z7MRM />L '(R($R7<4 /U:RM 7< MRR>L Y7<'7<4MD
[i_ IiO KKA>)]>FC .fBKA.X

R7:7\7<4  MRL @>7<R M(<M>L 7M 'X<R4(>UM />L  :>Y6$>MR M>:UR7>< M ><:[ RY>
X>:R4( ;(MUL(;(<RM L( <(('('D

1A8'6 5( @L'74; 7< R57M L$57R($RUL( 7M R5R /U:RM $< ( '(R($R(' <' /U:R
5<':7<4 ( MU$$(MM/U::[ $57(X(' R> [@MM ;:/U<$R7><7<4 $>;@><(<RMD < R5(>L[&
R5( @L>7:7R[ >/ ;97<4  MU$$(MM/U: '(R($R7>< <' M[MR(; L($><04ULR7>< A$>X(L6
4(B& 7M <>R ?]]C& UR 7R Y7:: ( M5>Y< 7< R5( (Z@(L7;(<R: M($R7>< R5R />L :: /U:RM&
Y57$5 7;@7L MR((L7<4 @(L/>L;<$(& /U:RM $< 7<'((' ( '(R($R('& 7M>:R(' <' R5(
M[MR(; ( L($><04UL('D
< R5( />::>Y7<4& Y( />$UM R5( '7M$UMM7>< R> @>Y(L 'L7X( <' $RUR>L <' :7;7R
R5( RL(R;(<R R> R5( $L7R7$: /U:RM& <>R7<4 R5R '74<>M7M >/ ;>R>L (L7<4 Y(L 7M <>R
@ULMU(' 7< R57M $><R(ZRD

2F6$6& =8@=@8- /-D9*9

5( <:[M7M >/ MRLU$RUL( $>;@L7M(M R5( (:(;(<RM% />L;U:R7<4 $><MRL7<RM& @L>X7'7<4
 ;R$57<4 >< R5( U<9<>Y< XL7:(M& '(R(L;7<( ;(MUL(;(<RM 7< Y57$5 :: $L7R7$:
/U:RM L( '(R($R:( <' /U:R[ @LRM L( 7M>::( MU$5 R5R $>LL($R L($><04ULR7><
$< ( ;'(D

1/9=8*/=9 "18 =( @- 9==18  .1=186 5( (5X7>ULM >/ R5( 'U: MRR>L 
;>R>L L( X7::( R5L>U45  M;:: (ZR(<M7>< R> R5( R5(>L[ />L UMU: (:($RL7$: ;>6
R>LM& [ R97<4 $$>U<R >/ R5( ;URU: 7<'U$R7><M Y7R57< R5( 'U: Y7<'7<4 ;>R>LD
(R R5( R(L;7<: X>:R4( ( 6D  $TD TD. TD, % & R5( $ULL(<R 7<  MRR>L Y7<'7<4

A  $4A 4A. 4A, % <' $ULL(<R 7< R5( L>R>L


?  $4? 4?. 4?, % D 5( 2UZ 7<  MRR>L 7M
M7;7:L:[ R5( X($R>L IA <' R5( 2UZ R5L>U45 R5( L>R>L 7M I? D L;(R(LM L(  />L L(6
M7MR<$(&  />L 7<'U$R<$(&  />L ;URU: 7<'U$R<$(& R />L (:($RL7$: <4:( (RY((<
MRR>L ? <' L>R>L& % R5( (:($RL7$: >//M(R <4:( (RY((< RY> MRR>LM <' ",",# $F% 
L>RR7>< ;RL7Z UM(' R> (Z@L(MM R5( L>R>L6MRR>L 2UZ 7<R(L$R7><&
$ +
!*$F% !*$F ' .<, % !*$F ' < , %
# *
 $F%  " !*$F ' < , % !*$F% !*$F ' .< , % )
!*$F ' .<, % !*$F ' <, % !*$F%
>L :R(L UM(& <>R( R5R R5( MU; >/ (:(;(<RM 7<  $>:U;< >/  $F% 7M \(L>&
4,
.  .- $F%  &AM$F% ' &AM$F ' .< <
, % ' &AM$F ' , %  4E
A?]DSSB
5( M7$ (:($RL7$: (EUR7><M />L R5( 'U: Y7<'7<4  ;>R>L L(
IiO7 `A]=]FA.WC] .A.)]W>)A X]..W>C: F5 eW.<F`X. ]W`)@X [i^

 %
" # " # " # # " #
&  6D  T 4 '  A
A ' #D IA +
 %
".# ".# ".# # ".#
&.  6D  T 4 '  A
A ' #D IA +
#
&,  4   ?
? ' #D $I? %
" # " # ".#
&  IA  A
A ' A?  $R%
? ' AA  $4%%
A
".# ".# " #
&  IA  A
A ' A?  $R ' %%
? ' AA  $%%
A A?]DS3B
" # ".#
&*  I?  ?
? ' A?   $R%
A ' A?   $R 4 %%
A
4, " #
&)  4  . 4A.
4, ".#
&  4  . 4A.
4,
&  4  . 4?.

" # ".#
Y5(L( 6D <' 6D L( R5( R(L;7<: X>:R4( X($R>LM @@:7(' >< R5( RY> MRR>L Y7<'6
7<4MD
5( ;($5<7$: XL7:(M L( R5( <4:( R <' R5( <4U:L X(:>$7R[ B& ;>R>L R>LEU(
2 <' :>' R>LEU( / D >R: 7<(LR7 L(/(LL(' R> R5( ;>R>L M5/R 7M D D 5( R>LEU(
:<$( >/ R5( ;>R>L R5(< 47X(M
" # ' 9
& 2  2 
A 9F $A? $R%%
?
".# ' 9
'
A 9F $A? $R 4 %%%
?
# A?]DS1B
&  #D $ D B%  2 4 /
#
)  B  #D $R%

7R5>UR :>MM >/ 4(<(L:7R[& M(X(L: '7//(L(<R7: $><MRL7<RM 5X( ((< YL7RR(< 7;6
@:7$7R:[ 7< EUR7><M A?]DS3B <' A?]DS1B R> :7;7R R5( M7\( >/ R5( 7<$7'(<$( ;RL7ZD
5( M(RM >/ U<9<>Y< XL7:(M 2 <' 9<>Y< XL7:(M 2 7< EUR7><M A?]DS3B
<' A?]DS1B L(
" # ".# " # ".# " # ".#
2  #T4 ( T4 (
A (
A (
? ( IA ( IA ( I? ( R( B( 2 ( / $
" # ".# A?]DSPB
2  #6D ( 6D $E

7(Y7<4 ED A?]DSPB M M$:L XL7:(M& R5(L( L( 1 U<9<>Y< <' - 9<>Y<
M$:L XL7:(MD 5(L( L( 1 M$:L $><MRL7<RM $>;@L7M(' 7< EUR7><M A?]DS3B <'
A?]DS1BD (<$(& R5( M[MR(; 7M U<'(L6$><MRL7<(' >L 8UMR $><MRL7<(' >< 2 D
5( MRLU$RUL( 4L@5 2 7M M5>Y< 7< R5( 7<$7'(<$( ;RL7Z Y5(L( ($5 >/ R5( X($R>L
$><MRL7<RM 5X( ((< M@:7R 7<R> R5(7L M$:L @LRM "( $ <' & L(M@($R7X(:[& <' R5(
$>:U;<M L(/(L R> R5( M$:L XL7:(M 7< R5( M(R 2 D
                            
P) P) 22 22 22 22 22 22 21 21 21 E2 E2 E2 E2 E2 E2 E1 E1 E1 N > ' & P5 P5 P5 P5 P5 P5 [i9
% I i 
 i i i i i i i i I i i i i i i i i i i i i i i i i i i
% I i i 
 i i i i i i i i I i i i i i i i i i i i i i i i i i
% 
 i i i I i i i i i i i i I i i i i i i i i i i i i i i i i
%  i I i i i 
 i i i i i i i i I i i i i i i i i i i i i i i i
%  i I i i i i 
 i i i i i i i i I i i i i i i i i i i i i i i
%  i 
 i i i i i I i i i i i i i i I i i i i i i i i i i i i i
% i i i i i i i i 
 i i i i i i i i I i i i i i i i i i i i i
% i i i i i i i i i 
 i i i i i i i i I i i i i i i i i i i i
% i i i i i i i i i i I i i i i i i i i 
 i i i i i i i i i i
IiO KKA>)]>FC .fBKA.X

%  i i I i i I I I I I I 
 i i i i i i i i I i i i i i i i i i
%  i i i I i I I I I I I i 
 i i i i i i i I i i i i i i i i i
%  i i i i I I I I I I I i i 
 i i i i i i I i i i i i i i i i
%
 i i I I I I i i I I I i i i 
 i i i i i I i i i i i i i i i
%
 i i I I I i I i I I I i i i i 
 i i i i I i i i i i i i i i
%
 i i I I I i i I I I I i i i i i 
 i i i I i i i i i i i i i
% i i I I I I I I I i i i i i i i i 
 i i I i i i i i i i i i
% i i I I I I I I i I i i i i i i i i 
 i I i i i i i i i i i
% i i I I I I I I i i I i i i i i i i i I 
 i i i i i i i i i
% i i I I 
 i i i i i i i i i i i i i i i i i i i i i i i i i
% i i i i i I I 
 i i i i i i i i i i i i i i i i i i i i i i
% i i i i i i i i I I 
 i i i i i i i i i i i i i i i i i i i
%$ i i I I I I I I I I I i i i i i i i i i I i 
 i i i i i i i
% i i i i i i i i i i i i i i i i i i i i i I I 
 i i i i i i
( i i i i i i i i i i i i i i i i i i i i f 
 i i i i i i i i
IiO7 `A]=]FA.WC] .A.)]W>)A X]..W>C: F5 eW.<F`X. ]W`)@X [i7

 $>;@:(R( ;R$57<4 >< 2 7M ;L9(' 7< R5( 7<$7'(<$( ;RL7Z [ &D " 5( ;R$56
7<4 7M :M> $>;@:(R( >< 2 M> 'L7X(< [ R5( R(L;7<: X>:R4(M >< R5( RY> Y7<'7<4M&
<' Y7R5 U<9<>Y< :>' R>LEU(& R57M M[MR(; 7M 8UMR $><MRL7<('D 5( ;R$57<4 $>U:'
<>R ( />U<' UM7<4 R5( M7;@:( L<97<4 :4>L7R5; 'U( R> R5( $:>M(' :>>@M 7< R57M
4L@5D 5( ;>L( 4(<(L: :4>L7R5;M 5' R> ( (;@:>[('D
5( (Z7MR(<$( >/  $>;@:(R( ;R$57<4 9<>Y7<4 R5( R(L;7<: X>:R4(M >< R5( ;>R>L&
UR <>R R5( ;($5<7$: :>' R>LEU(& M5>YM R5R R5( ;>R>L Y7:: (<R(L < (EU7:7L7U;
MRR( Y5(L( ;>R>L R>LEU( >UR:<$( R5( :>' R>LEU(D ULL(<RM <' 2UZ(M Y7R57< R5(
;>R>L L( '(R(L;7<(' [ R5( M>:UR7>< R> R5( M(R >/ <><:7<(L (EUR7><M 7< EUR7><M
A?]DS3B <' A?]DS1BD 5( (Z7MR(<$( >/  M[;>:7$ >L <U;(L7$ M>:UR7>< $< <>R (
'(R(L;7<(' /L>; R5( MRLU$RUL( 4L@5 :><( M7<$( R5( :>>@M 7< R5( MRLU$RUL( 4L@5
$>;@L7M( <><:7<(L (:(;(<RMD  M$LUR7<[ 7< (:($RL7$: ;$57<(M M5>YM& 5>Y(X(L&
R5R  M>:UR7>< '>(M (Z7MR& Y57$5 7M 7<'((' (Z@($R(' /L>; M7;7:L7R[ >/ R57M ;>R>L
Y7R5 M7<4:( MRR>L  ;>R>LMD
MMUL(' R5R R5( M>:UR7>< '>(M (Z7MR& 7R R7;(:[ R> $><M7'(L Y57$5 M(<M>LM M5>U:' (
;'( X7::( R> ;((R R5( /U:R6R>:(L<$( L(EU7L(;(<RMD

9@8./=9 1/ =( .1=186 (X(L: M74<:M $>U:' ( ;><7R>L(' 7< R5(  ;>6
R>L <' R5( $><<($R(' $>;@><(<RMD L>;  $>MR @(LM@($R7X(& 57456/L(EU(<$[ A7D(D
T]6T]] 9\B @U:M( Y7'R5 ;>'U:R(' A B X>:R4( M74<:M L( '7/0$U:R <' (Z6
@(<M7X( R> ;><7R>LD < $><RLMR& X>:R4(M Y7R5>UR 57456/L(EU(<$[ $><R(<RM L( (M7:[
<' 7<(Z@(<M7X(:[ $><X(LR(' R> '747R: M74<:MD (MUL(;(<R >/ 5745 $ULL(<RM 7M $(L6
R7<:[ @>MM7:( UR L(EU7L( (Z@(<M7X( RL<M'U$(LM Y5(< R5( $ULL(<RM L( >X( R5(
16?]  L<4(D 7<$( 6D 7M 5745 /L(EU(<$[ $5>@@(' A B <' R5( P $>;@><(<RM >/
" # ".#
R5( X($R>L X:U(' $ULL(<RM
A &
A (:><4 R> R5( 5745 $ULL(<R $R(4>L[& R5( @L(/(LL('
" # ".#
;><7R>L7<4 @>MM77:7R[ />L R5(  ;>R>L L( R5( RY> MRL @>7<R X>:R4(M U4 <' U4 D
5>>M7<4 R5( MRL6@>7<R X>:R4(M M ;(MUL(;(<RM ;(<M R> '' RY> $><MRL7<RM&
" # " #
=  T42  T4
".# ".# A?]DSOB
=.  T42  T4

" # " #
=8 31*/= A1-='6 7R5 T4 <' T4 L(:R(' R> X>:R4( <' $ULL(<R 7< R5( RY>
MRR>LM& $><MRL7<RM & R> &. 7< ED A?]DS3B& $><M7'(L MU;;R7>< >/ R5( "& $ <' &
$>;@><(<RM />L ($5 MRR>LD >L L(X7R[& Y( UM( R5( <>RR7><
,
3 3
" # " #
TD.  TD E
. ,

5(<
3 " #
3 ) 3 "
TD  /T"4 # ' A 4"A # ' I #
A?]DS+B
, ,
)P , A
<'
[i[ IiO KKA>)]>FC .fBKA.X

3 " #
3 3
ID.  A 4"A # ' A? $ $R%
? %
, , ,
3
' AA $ $R 4 %%
".#
A %
,

7<$(
3 ,
3 ,
3 ,
3
 $R%
?   . $R%4? '  .. $R%4?. '  ., $R%4?,
, . . .
  8
?
<'
3
4"A #  4(
,

ED A?]DS+B 7M L('U$(' R>


3 "#
4  /T"4 # 4 TD ( A?]DS=B
,

<'  M7;7:L L(MU:R 7M >R7<(' />L MRR>L 1D


457M M5>YM R5R Y7R5  M[;;(RL7$ X>:R4( X($R>L @@:7(' R R5( R(L;7<:M & 7D(D
, TD  4& R5( MRL @>7<R X>:R4( 7M \(L> Y5(< R5( M[MR(; $RM $$>L'7<4 R> 7RM
<>L;: (5X7>ULD

=8@=@8- ==*-*=D */ 9=8)31*/= 89*@-96 ''7<4 R5( RY> ;(MUL(' MRL6


@>7<R X>:R4(M M 9<>Y< XL7:(M <' R5( MM>$7R(' $><MRL7<RM /L>; ED A?]DSOB
R> R5( MRLU$RUL( 4L@5& R5(M( RY> $><MRL7<RM L(;7< U<;R$5(' <' L( 5(<$( @L7R[
L(:R7><M& R5R L( UM(' />L L(M7'U: 4(<(LR7><D $9RL$97<4 R5L>U45 R5( ;R$57<4
'7M$:>M( 5>Y X7>:R7>< >/ $><MRL7<RM L( '(R($R:( 7< R5( RY> L(M7'U:M&
3 "#
K $P%  /T"4 # $P% 4 TD $P% A?]D3]B
,
3 ".#
K. $P%  /T".#
4 $P% 4 TD $P%(
,

5( L(MU:R 7M R5R /L>; R5( MRL6@>7<R ;(MUL(;(<RM& X7>:R7>< >/ <[ $><MRL7<R 7<
EUR7><M A?]DS3B <' A?]DS1B L( '(R($R:( 7< >R5 >/ R5( L(M7'U:M >/ ED A?]D3]BD
RLU$RUL: 7M>:7:7R[ 7M <>R $57(X(' />L <[ X7>:R7>< >/ R5( @L7;L[ $><MRL7<RM
($UM( >R5 L(M7'U:M '(@(<' MRLU$RUL::[ >< R5( (<R7L( M(R >/ R5( M7$ $><MRL7<RMD
57M '>(M <>R <($(MML[ ;(< R5R A<>R MRLU$RUL:B 7M>:R7>< 7M 7;@>MM7:(D < >L'(L
R> M$LUR7<7\( R5( @L>@(LR7(M >/ R5( L(M7'U:M 7< ED A?]D3]BD

C=/9*1/ =1 1=(8 1.31//=96 > /L& ><:[ R5( 'U: MRR>L  ;>R>L YM RL(R('D
R L(;7<M R> />L;U:R( R5( $><MRL7<RM />L R5( L(;7<7<4 $>;@><(<RM >/ R5( (:($RL7$:
MR((L7<4 M[MR(;D
IiO7 `A]=]FA.WC] .A.)]W>)A X]..W>C: F5 eW.<F`X. ]W`)@X [iZ

$5 >/ R5( @>Y(L MR4(M A@>Y(L 'L7X(MB L($(7X(  X>:R4( $>;;<' 6!2# /L>;
R5( ;7$L>@L>$(MM>L <' '(:7X(L R5(  M74<: 6D R> R5( ;>R>LD 5( @>Y(L $><6
MU;@R7>< >/ R5( 'L7X( 7M # <' @>Y(L '(:7X(L(' R>  MRR>L 7M A Y7R5 < (/0$7(<$[
.# D 5(<& $6  "( 1%
"-# "-#
C) -  6D  6!2#
"-# "-#
C).-  #  $
#! %HA A?]D3?B
C),-  .# #-  A-
Y5(L( 4#! 7M R5( $ULL(<R 'LY< [ R5( @>Y(L MR4( /L>; R5(  X>:R4( MU@@:[D
>L ($5 >/ R5( ;7$L> @L>$(MM>LM $6  "( 1%&
=C -  6-!2# "-#
 &! $T?2 %
"- #
=C.-  T42  T"4 #
"-.#
=C,-  T42  T".#
4 A?]D3TB
"- # " #
=C-  42  4#!
"-.# ".#
=C-  42  4#!
"-#
=C*-  T?2  T?$'
Y5(L( $><MRL7<R =C. M5>YM R5R R5( @5[M7$: ;(MUL(;(<R >/ R5( MRL @>7<R X>:R4(
7M '><( [ R5( ;7$L>@L>$(MM>L U<7RD 7;7:L:[& 7R 7M R5( ;7$L>@L>$(MM>L R5R ;(6
MUL(M $>;;<' T?$' <' $ULL(<R $><MU;@R7>< 42 />L ($5 >/ R5( @>Y(L MR4(MD 5(
@L>$(MM>L >UR@URM R5( $>;;<' X>:R4( 6!2# D 5( ;(MUL(;(<RM >/ L( $><'U$R('
MU$5 R5R ;7$L>@L>$(MM>L MM>$7R(' Y7R5 R5( MRR>L A?B :7<( 5M 7</>L;R7>< >UR R5(
;(MUL(;(<RM /L>; R5( MRR>L ATB :7<(D 5( $L>MM6;(MUL(;(<RM L( <>R <($(MML7:[
<:>4 7<R(L/$( UR $>U:' ( 7;@:(;(<R(' UM7<4 'R6UM $>;;U<7$R7>< (RY((<
R5( ;7$L>@L>$(MM>LM& 5>Y(X(L Y7R5  @(<:R[ 7< 7M>:7:7R[ >/ /U:RM 7< 7<R(L/$( >L
M(<M>LMD
X7<4 7<RL>'U$(' @>Y(L $><MU;@R7>< 7< R5( $><MRL7<RM& Y( L(X(LR R> R5( ;>6
R>L (EUR7><M <' (Z@L(MM R5( @>Y(L :<$( >/ R5( ;>R>L UM7<4 :L('[ X7::(
XL7:(M&
" #
& .  A  $
"A # % 6"A #

".#
& ,  A  $
".#  ".#
A % 6A
 %
&   2  .2 A" # ' A" # 4 2 A?]D3SB
&   2  2 B
Y5(L( .2 7M  9<>Y< ;>R>L (/0$7(<$[ <' 2 R5( ;4<(R7\R7>< :>MM& Y57$5 7M :M>
9<>Y< /L>; ;>R>L 'RD
R$57<4 R5( MRLU$RUL( 4L@5 L(MU:R7<4 /L>; $><MRL7<RM 7< EUR7><M A?]D3?B&
A?]D3TB <' A?]D3SB :('M R> /ULR5(L @L7R[ L(:R7><M R5R ;9(M 7R @>MM7:( R> 7M>6
:R( /U:RM 7< (7R5(L >/ R5( $>;@UR(L U<7RM& <' 7< ($5 >/ R5( $>;7<R7>< >/ 'L7X(
<' MRR>L :>$9MD 5( MRLU$RUL: <:[M7M R5R 47X(M R5(M( L(MU:RM 7M MRL745R />LYL'D
[i2 IiO KKA>)]>FC .fBKA.X

2F6$6$ /-D=*- 38138=*9 1" 89*@-9

><R7<U7<4 Y7R5 R5( <(ZR :(X(: >/ '(R7: 7< R5( '(M74<& Y( <>Y <:[\( R5( @L>@(LR7(M
>/ R5( <:[R7$: @L7R[ L(:R7><M />U<' 7< R5( MRLU$RUL: <:[M7MD M>:7:7R[ >/ /U:RM
R> ><( >L R5( >R5(L >/ R5( MRR>L /((' :7<(M A$>;@UR(L 6 @>Y(L MR4( 6 MRR>LB 7M R5(
9([ 7MMU( <' Y(9 <' MRL><4 '(R($R7:7R[ L( >/ /U:RM L( (MM(<R7: 7< R57M L(M@($RD

=8)31*/= 89*@-96 (X(LR7<4 R> K $P% /L>; ED A?]D3]B&


3 "#
K $P%  /T"4 # $P% 4 6D $P%(
,
3 3 )  %
 A
"A # ' IA" #
, ,
)P
3 3 D $R% 3 )
 A
"A # ' B A?
? ' A $
"A # % A?]D33B
, ,
DR ,
)P
3 ) 3 )
' A?  $R% $
? % ' AA  $4%% $
".#
A %
,
)P ,
)P

<'  M[;;(RL7$: L(MU:R 7M >R7<(' />L K. $P%D


ED A?]D33B M5>YM R5R R5(L( 7M MRL><4 '(R($R7:7R[ 7< K >/ /U:RM 7< MRR>L ? <'
7< R5( L>R>LD U:RM 7< /U:RM 7< MRR>L T Y7:: ( Y(9:[ '(R($R:( 7/ R5( L(MU:R7<4
'(L7XR7X(M >/ $ULL(<RM L( M[;;(RL7$:& 7D(D R5( MU; >/ R5( $>;@><(<RM L(;7< \(L>D
5( 7;@:7$R7>< 7M R5R MRR>L T /U:RM Y7:: ( Y(9:[ '(R($R:( >L X(L[ M;:: 7< K D
7R5 R5( M[;;(RL[ >/ K <' K. & MRR>L T <' L>R>L /U:RM Y7:: ( MRL><4:[ '(R($R:(
7< K. <' MRR>L ? /U:RM Y7:: ( Y(9:[ '(R($R:(D
R 7R <>R(' R5R :M> /U:RM 7< R5( MRR>L ? @>Y(L (:($RL><7$M Y7:: ( MRL><4:[ '(6
R($R:( M 7;:<$( 7< 6D Y7:: 47X( L7M( R> 7;:<$( 7<
A D
57M 7M  EU7R( />LRU<R( L(MU:R M 7R 7M @>MM7:( R> >R7<  U<;74U>UM '74<>MR7$
L(MU:R <' R5( L(;('7: L($R7>< R> '74<>M(' /U:RM 7M $:(L&

$K % 0
2 $K. %  '7M:(A?B

2 $K % 0
$K. %  '7M:(ATB

$K % 0
$K. %  L('U$( @>Y(L R> ;>R>L

R 7M <>R(' R5R& $$>L'7<4 R> L(4U:R7><M& [ L(4U:R>L[ '(M74< >/ R5( L>R>L <' R5(
M5/R >/ <  ;>R>L& L>R>L '(/($RM L( $><M7'(L(' 7;@>MM7:(D /& <><(R5(:(MM&  L>R>L
'(/($R M5>U:' ( '(X(:>@7<4& R5( R>R: @>Y(L 7M L('U$(' R> @L(X(<R L>R>L /7:UL(D

(/' ==*1/ "81. 9=8 31*/= 89*@-6 7R5 < U<:<$(& R5( MRL @>7<R
L(M7'U: Y7:: '7//(L /L>; \(L> 7< ;@:7RU'(D 5( MRL @>7<R 5M R5( /U<';(<R: /L(6
EU(<$[ >/ 6D M  '>;7<<R $>;@><(<RD (R($R7>< >/ $5<4(M 7< K$P% R5(L(/>L( <(('
( '><( R R5( /U<';(<R: /L(EU(<$[D >LL(:R7>< R R5( /U<';(<R: /L(EU(<$[ 7M
IiO7 `A]=]FA.WC] .A.)]W>)A X]..W>C: F5 eW.<F`X. ]W`)@X [iD

'><( R5L>U45 $>LL(:R7>< >X(L  Y7<'>Y >/  M;@:(M >/ R5( L(M7'U:& <' Y7R5
M;@:7<4 R7;( A &

4
3
K- $?%  T42 $?A %"-# +-7  . E A?]D31B
.4

=(8 89*@-96 7R5 RY> $ULL(<R ;(MUL(;(<RM L(@L(M(<R7<4 (:($RL7$: @>Y(L R>
 'L7X(& ''7R7><: L(M7'U:M (Z7MR UR R5( :>' R>LEU( >< R5( Y5((: 7M U<9<>Y< <'
><:[ ><( ''7R7><: L('U<'<$[ L(:R7>< $< ( >R7<(' M  L(:7:( ;(MUL( >/
'7M$L(@<$[ Y7R57< R5( M[MR(;D 57M L(M7'U: 7M K, M ;(MUL(' [  ? <' K M
;(MUL(' [ T&
" # ".#
K, $P%  42 $P% 4 42 $P% A?]D3PB
" # ".#
K $P%  42. $P% 4 42. $P%
M>:R7>< 7< $M( >/   :7<9 M(<M>L /U:R 7M @>MM7:( /L>; R5( G@MM7X(G L(M7'U6
:M ED A?]D3PB& UR $(LR7< $>;;>< ;>'( /U:RM Y>U:' //($R >R5 L(M7'U:M& Y57$5
Y>U:' @L(X(<R 7M>:R7><D M R5( M[MR(; 7M @LR >/ < /U:R6R>:(L<R $><RL>: M[MR(;&
$R7X( 7M>:R7>< $< (M7:[ ( @(L/>L;('D  @(LRULR7>< M74<: 7M ''(' R> R5( $>;6
" # ".#
;<' />L ($5 'L7X( <' R5( M74<RUL( 7< R5( $ULL(<R M74<: 42 <' 42 Y7:: '(R(L6
;7<( Y57$5 M(<M>L $>U:' ( '(/($RD

2F6$6; @-= ==*1/ / *91-=*1/

5( $L7R7$: /U:RM R5R <((' ( '(R($R(' <' $$>;;>'R(' 7< R5( @LR >/ R5( M[MR(;
>< Y57$5 Y( />$UM& L( / 6 / <' / >/ :( ?]D?D 5( (//($RM >/ ($5 /U:R YM
7<X(MR74R(' <' R5( M74<RUL( />U<' 7< R5( L(M7'U:MD
/  T4 :<$( 2 T4 U<:<$( !
/.  T4 U<:<$(!
/,  T4 U<:<$(!
A?]D3OB
/  T4 U<:<$(!
/  T4 U<:<$(!
/   :7<9 7<$>LL($R X:U(!
/ 7M  4R( 'L7X(L ;:/U<$R7><D /  $L7R7$: /U:R >$$ULM 7< R5( 4R(6'L7X(L 7R $< (M7:[
( MMU;(' R5R R5( >UR@UR M74<:M 5M <> L(M(;:<$( Y7R5 X:7'  M74<:M&
(Z$(@R Y5(< :: M74<:M L( :>47$: \(L>D >;( $>;7<R7><M >/ M74<:M Y7:: (<:(
 $7L$U7R /L>; @>M7R7X( R> <(4R7X( MU@@:[& (7R5(L 7< R5( 7<X(LR(L >L R5L>U45 R5( MRR>LD
< >R5 $M(M ><( >L ;>L( @>Y(L MY7R$5(M Y>U:' ( '(MRL>[('D 57M Y>U:' L(MU:R 7<
MRR>L U<:<$( M7;7:L R> < >@(< @5M( /U:RD $9 >/ U<:<$( ><:[ >$$UL 7< R5(
M7RUR7>< Y5(L( :: >UR@UR M74<:M L( :>47$: \(L>D 57M '>(M <>R :(X(  M74<RUL(
[Ii IiO KKA>)]>FC .fBKA.X

7< R5( MRL @>7<R M74<: UR R5( /U:R 7M (M7:[ 7'(<R70(' 7< R5(  :7<9 M74<:& Y57$5
Y7:: ( \(L> '(M@7R(  $><RL>: 7<@UR 7M @L(M(<RD /. 7M  @>Y(L MY7R$5 M5>LR $7L$U7RD
M '(MRLU$R7>< >/ ><( >L ;>L( MY7R$5(M $< ( (Z@($R('& R5( X>:R4(M @@:7(' R> R5(
MRR>L Y7:: <>R ( :<$('D 79(Y7M( U<:<$(' M74<:M L( >R7<(' 7/ /, A@>Y(L
MY7R$5 /7: >@(<B >L / AY7<'7<4M >@(< @5M(B 5@@(<D / 7M < 7<R(L<: RUL< /U:R 7<
R5( MRR>LD U$5 /U:R L(MU:RM 7<  L('U$(' Y7<'7<4 <'& R5UM& < U<:<$(' MRR>L
7M >R7<('D / 7M   :7<9 M(<M>L /U:RD 57M $UM(M <> U<:<$( 7< R5( MRR>L
Y7<'7<4M UR Y7R5 RY>  :7<9 M(<M>LM& /U:R 7M>:R7>< 7M @>MM7:(D

(/' ==*1/ / *91-=*1/6 < $><$:UM7><& ;(< X:U( >L $>;7<(' ;(<
X:U( <' XL7<$( $5<4( '(R($R7>< 7< R5( RY> L(M7'U:M K- $?%& <' 7< -$?% YM :(
R> '(R($R ($5 >/ R5( $L7R7$: /U:RMD :: $L7R7$: /U:RM Y(L( MRL><4:[ '(R($R:( <'
@@:7$R7>< >/ MR<'L'  ;(R5>'M YM MRL745R/>LYL'D M>:R7>< YM :M>
@>MM7:( 7< :: $M(M Y7R5 @@L>@L7R( ;(<MD

2F6$6: C38*./=9

5( /U:R6R>:(L<R L$57R($RUL( 7< ($R7>< ?]D1DS 5M ((< 7;@:(;(<R(' M  :>L6
R>L[ R(MR M[MR(; UM7<4 $RU: 5L'YL(D 7R5 R5( R(MR M[MR(; 7R 7M @>MM7:( R> 4(<(LR(
M(:($R(' <><6'(MRLU$R7X( /U:RMN  @5M( Y7L( $< ( @5[M7$::[ '7M$><<($R(' 7< M[M6
R(; ?& ($5 RL<M7MR>L 7< R5( 7<X(LR(L >/ M[MR(; T $< ( '7M:('& <'  @LR >/ 
@5M( Y7<'7<4 7<  MRR>L $< ( M5>LR $7L$U7R('D M7<4 R5( R(MR M[MR(; 7R 7M @>MM7:(
R> (Z@(L7;(<R::[ 4(<(LR( /U:RM / & /. & /, & / <' / & <' '(R($R7>< <' 7M>:R7><
YM X:7'R('D
 <U;(L >/ R(MRM Y(L( @(L/>L;('D 5L(( R(MR L(MU:RM AR(MRM T& 1& <' OB L( M5>Y<
(:>YD 74D ?]DPO M5>YM R5( $M( Y5(L(  @5M( 7M @5[M7$::[ '7M$><<($R(' 7< M[MR(;
?& 7< 74D ?]DP+ ><( >/ R5( 7<X(LR(L RL<M7MR>LM 7M '7M:(' A>@(<B 7< M[MR(; T& <' 7<
74D ?]DP=  @LR >/  @5M( Y7<'7<4 7< M[MR(; ? 7M M5>LR $7L$U7R('D 5( R(MRM M5>Y
R5( MRL><4 '(R($R7:7R[ >/ /U:RM <'  R7;( R> '(R($R 7< R5( ]D?6]DS M L<4(& Y57$5 7M
$$(@R:(D

2F6$6 A-@=*1/ 1" =( 89@-=9

57M 7<'UMRL7: $M( MRU'[ M5>Y(' 5>Y R5( M[MR(;R7$ @@L>$5 /L>; $>;@><(<R
<' M[MR(; MRLU$RUL( $>U:' ( (;@:>[(' R> 0<' R5( @L>@(LR7(M >/ R5( >X(L:: /U:R6
R>:(L<R (:($RL7$: MR((L7<4 M[MR(;D R YM M5>YM 5>Y 5L'YL(& M>/RYL( <' M[MR(;
/U<$R7><:7R[ M@($RM $>U:' ( $>;7<(' R> >R7< M[MR(;6Y7'( /U:R6R>:(L<$(D U6
@:7$R(' ;>R>LM Y(L( X>7'(' <' L(@:$(' [ ><( '>U:( MRR>L 7<'U$R7>< ;>R>L R>
>R7<  :>Y6$>MR [(R /U:R6R>:(L<R M>:UR7><D M7<4 R5(  ;>R>L MRL6@>7<R ;(6
MUL(;(<R <'  M7;@:( ;(MUL(;(<R >/ R>R: $ULL(<R R> ($5 'L7X( M($R7><& R5( $M(
M5>Y(' 5>Y $>LL($R '74<>M7M YM >R7<(' />L :: M7<4:( /U:R $M(M& >R5 7< R5( ;>6
R>L <' 7< MM>$7R(' @>Y(L (:($RL><7$MD 5( $M( $><M7'(L(' 5>Y '(/($RM 7< @>Y(L
IiO7 `A]=]FA.WC] .A.)]W>)A X]..W>C: F5 eW.<F`X. ]W`)@X [II

/iÅÏÍֲ͞ϞÂÍÅ­ii`\Í¥çËÑÍ,*²Í"­i™Í­…>ÅiÍv>؏Ï͈™ÍÅáÅÏi“Í¥²
¥x
Âiň`Ø>Í¥

¥ç

ç
ç ç²x ¥ ¥²x Ö Ö²x Ñ
Ö
v>؏ÏÍQçÌ¥R

–¥
ç ç²x ¥ ¥²x Ö Ö²x Ñ
¥x
Âiň`Ø>ÍÖ

¥ç

ç
ç ç²x ¥ ¥²x Ö Ö²x Ñ
Ö
v>؏ÏÍQçÌ¥R

–¥
ç ç²x ¥ ¥²x Ö Ö²x Ñ
ψ“iÍQÅR

+ '9+/.+  K<X. >X K<gX>)AAg ,>X)FCC.)]., >C XgX].B I L$g


)F`W].Xg F5
O O <FBX.CM

/iÅÏÍx²ÍžÏžÂÍÅ­ii`\Í¥ç{¥Í,*²Í/Â>™ÅˆÅϞÂÍ/¥ÑÍv>؏Ï͈™ÍÅáÅÏi“ÍÖ²
¥ç
Âiň`Ø>Í¥

ç
ç ç²x ¥ ¥²x Ö Ö²x Ñ
Ö
v>؏ÏÍQçÌ¥R

–¥
ç ç²x ¥ ¥²x Ö Ö²x Ñ
¥ç
Âiň`Ø>ÍÖ

ç
ç ç²x ¥ ¥²x Ö Ö²x Ñ
Ö
v>؏ÏÍQçÌ¥R

–¥
ç ç²x ¥ ¥²x Ö Ö²x Ñ
ψ“iÍQÅR

+ '9+/+ C >Cd.W].W ]WCX>X]FW >X ,>X$A., LFK.CM >C XgX].B _ L$g
)F`W].Xg F5
O O <FBX.CM
[I_ IiO KKA>)]>FC .fBKA.X

/iÅÏÍɲ͞ϞÂÍÅ­ii`\Í¥çxÖÍ,*²Í-…žÂÏÍVˆÂV؈ÏÍv>؏Ï͈™ÍÅáÅÏi“Í¥²
¥ç
Âiň`Ø>Í¥

ç
ç ç²x ¥ ¥²x Ö Ö²x Ñ
Ö
v>؏ÏÍQçÌ¥R

–¥
ç ç²x ¥ ¥²x Ö Ö²x Ñ
¥ç
Âiň`Ø>ÍÖ

ç
ç ç²x ¥ ¥²x Ö Ö²x Ñ
Ö
v>؏ÏÍQçÌ¥R

–¥
ç ç²x ¥ ¥²x Ö Ö²x Ñ
ψ“iÍQÅR

+ '9+/%+  KW] F5  K<X. e>C,>C: >C XgX].B I >X X<FW] )>W)`>]., L$g
)F`W].Xg F5
O O <FBX.CM

(:($RL><7$M $>U:' ( '(R($R(' 7< R7;( R> ::>Y /U:RM R> ( 7M>:R(' <' 5>Y L($><046
ULR7>< $>U:' ( >R7<('D 7<::[& M[MR(;R7$ R(MRM >/ /U:RM 7;@>M(' ><  YL(5>UM(
RLU$9 @:R/>L; '(;><MRLR(' R5( /U:R6R>:(L<R 7:7R7(M >/ R5( <(Y MR((L7<4 M[MR(;D

)9+0 4%%-8 4!$!&. (- 1 .!& ( 4$1 1($-&1


(&1-($

M  MU;;L[ />L /ULR5(L @@:7$R7><M& R57M M($R7>< RL(RM R5( L$57R($RUL( />L 7;@:(6
;(<RR7>< >/ UR><>;>UM MU@(LX7M7>< <' '(M$L7(M R5( '(M74< @L>$(MM <(('(' R>
$57(X(  /U:R6R>:(L<R $><RL>: :4>L7R5; 7<  '>$U;(<R(' <' L(:7:( Y

2F6;62 8(*==@8

UR><>;>UM MU@(LX7M7>< L(EU7L(M '(X(:>@;(<R <' 7;@:(;(<RR7>< >M(LX7<4 $>;6


@:(R(<(MM <' $>LL($R<(MM EU:7R7(MD R 7M 7;@>LR<R R5R R5( '(M74< >/  MU@(LX7M('
$><RL>: M[MR(; />::>YM  ;>'U:L @@L>$5& Y5(L( ($5 /U<$R7><:7R[ $< ( '(6
M74<('& 7;@:(;(<R('& <' R(MR(' 7<'(@(<'(<R:[ >/ R5( L(;7<7<4 M[MR(;D 5( :4>6
L7R5;M R5R L(:7M( R5( MU@(LX7M>L[ /U<$R7><:7R[ $><MR7RUR( R5(;M(:X(M < 7<$L(M('
IiO[ `BBWg* `>,.A>C.X 5FW ]<. ,.X>:C F5 5`A]=]FA.WC] )FC]WFA [I^

L7M9 />L /7:UL(M 7< M>/RYL(& M> R5( >X(L:: L(:77:7R[ $< ><:[ ( 7;@L>X(' 7/ R5(
MU@(LX7M>L[ :(X(: 7M M>:UR(:[ RLUMRY>LR5[D
5( '(M74< >/ < UR><>;>UM MU@(LX7M>L L(:7(M 5(X7:[ >< 5X7<4 < @@L>@L7R(
L$57R($RUL( R5R MU@@>LRM $:(L ::>$R7>< >/ ;(R5>'M R> '7//(L(<R M>/RYL( RM9MD
57M 7M $LU$7: />L >R5 '(X(:>@;(<R <' X(L70$R7><D 5( :RR(L 7M X7R: M7<$( R(MR >/
R5( MU@(LX7M>L /U<$R7><M 7< < UR><>;>UM $><RL>: M[MR(; 7M  'U<R7<4 RM9D

@38A*9186 5( 7;@:(;(<RR7>< >/  MU@(LX7M>L[ :(X(: ><R>  $><RL>: M[MR(; 7M


<>R  RL7X7: RM9D 5( L$57R($RUL( M5:: $$>;;>'R( R5( 7;@:(;(<RR7>< >/ '7X(LM(
/U<$R7><M
% U@@>LR >/ >X(L:: $>>L'7<R(' @:<R $><RL>: 7< '7//(L(<R @5M(M >/ R5( $><RL>::('
@L>$(MMN MRLR6U@& <>L;: >@(LR7><& R$5 @L>$(MM7<4& (X(<R RL744(L(' >@(LR7><
Y7R5 '7//(L(<R $><RL>: >8($R7X(M& $:>M(6'>Y<D
% U@@>LR >/ :: UM(6;>'(M />L <>L;: >@(LR7>< <' ;>'(M >/ >@(LR7>< 7< /U:R6
R>:(L<R $><RL>: X(LM7><M >/ M(LX7$(M& />L R5( />L(M((:( /U:RMD
% UR><>;>UM ;><7R>L7<4 >/ >@(LR7><: MRRUM& $><RL>: (LL>LM& @L>$(MM MRRUM <'
$><'7R7><MD
% U:R '74<>M7M& $$>;;>'R7>< <' L(6$><04ULR7>< M <(('('D 57M 7M '><( U6
R><>;>UM:[& Y7R5 MRRUM 7</>L;R7>< R> @:<R6Y7'( $>>L'7<R(' $><RL>:D
5(M( /U<$R7><M L( '(EUR(:[ 7;@:(;(<R(' 7<  MU@(LX7M>L[ MRLU$RUL( Y7R5 R5L((
:(X(:M 7< R5( UR><>;>UM $><RL>::(L& <' $>;;U<7$R7>< R>  @:<R6Y7'( $><RL>: M
R5( />ULR5D 5( UR><>;>UM MU@(LX7M7>< 7M $>;@>M(' >/ :(X(:M T <' S& R97<4 $L(
>/ /U:R '74<>M7M& :>47$ />L MRR( $><RL>: <' (//($R>LM />L $R7XR7>< >L $:$U:R7><
>/ @@L>@L7R( L(;('7: $R7><MD 57M 7M 7::UMRLR(' 7< 74D ?]DO] R5R M5>YM%
?D  :>Y(L :(X(: Y7R5 7<@URQ>UR@UR <' R5( $><RL>: :>>@D
TD  M($><' :(X(: Y7R5 :4>L7R5;M />L /U:R '74<>M7M <' (//($R>LM R> /U:R $$>;6
;>'R7><D
SD  R57L' :(X(: Y7R5 MU@(LX7M>L :>47$D
3D  />ULR5 :[(L Y7R5 @:<R6Y7'( $><RL>: <' $>>L'7<R7><D
5( $><RL>: :(X(: 7M '(M74<(' <' R(MR(' 7< ($5 7<'7X7'U: ;>'( R5R 7M M@($6
70(' [ '7//(L(<R >@(LR7><: @5M(M <' '7//(L(<R 7<MRLU;(<RR7>< $><04ULR7><MD
5( ;7M$(::<(>UM $><RL>::(L ;>'(M L( $><M7'(L(' M(@LR(:[ <' 7R 7M :(/R R> R5(
MU@(LX7M>L '(M74< R> 4UL<R(( M(:($R7>< >/ R5( $>LL($R ;>'( 7< '7//(L(<R M7RUR7><MD
5( '(R($R>LM L( M74<: @L>$(MM7<4 U<7RM R5R >M(LX( R5( M[MR(; <' $>;@L(M
Y7R5 R5( (Z@($R(' M[MR(; (5X7>ULD < :L; 7M L7M(' Y5(< < <>;:[ 7M '(6
R($R('D 5( (//($R>LM (Z($UR( R5( L(;('7: $R7><M MM>$7R(' Y7R5 /U:R $$>;;>6
'R7>< >L L($><04ULR7><D
[I9 IiO KKA>)]>FC .fBKA.X


           

                  

        

      
           
   
                     

          

          
+ '9+.9+ `]FCFBF`X X`K.Wd>XFW )FBKW>X.X 5`A] ,>:CFX>X+
X`K.Wd>XFW AF:>) C, .55.)]FWX+ ]<. A]].W ]F )WWg F`] ]<. C.).XXWg
W.B.,>A )]>FCX e<.C 5`A]X W. ,>:CFX.,O <. `KK.W A.d.A >X
KAC]=e>,. )FC]WFA C, FK.W]FW X`K.Wd>X>FCO

2F6;6? 9*'/ 381@8

5(< R5( :(X(: >/ UR><>;[ ($>;(M 5745 <' R5(L([ '(;<'M  5745 :(X(: >/ L(:76
:( >@(LR7><& 7R ($>;(M 7<5(L(<R:[ $>;@:(Z />L R5( '(M74<(L R> $>X(L :: @>MM7:(
M7RUR7><M <' 4UL<R(( $>LL($R <' $>;@:(R( >@(LR7><D
 M[MR(;R7$ '(M74< MRLR(4[ Y7:: UM( R5( <:[M7M >/ /U:R @L>@4R7>< <' MRLU$6
RUL( M M7$ (:(;(<RM R> >R7< $>;@:(R(<(MM >/ R5( <:[M7M <' $>LL($R >@(LR7><
>/ R5( M[MR(; Y5(< 7;@:(;(<R('D

1.31//= 9 /-D9*96 (M$L7( $>;@><(<RM <' R5(7L 7<R(L$><<($R7><M UM7<4


R5( 4(<(L7$ ;>'(: <' /U:R @L>@4R7>< <:[M7M 7<RL>'U$(' 7< 5@R(L 3D 5( L(MU:R
7M  :7MR >/ $>;@><(<R L(:R(' /U:RMQ/7:UL(M R5R <(('M R> ( 5<':(' R> X>7' 5745
M(X(L7R[ (<' (//($RM >L $L7R7$: (X(<RMD
% D9=. 8,1B/ 9(& M R5( 7<7R7: MR(@&  R>@6'>Y< L(9'>Y< >/ R5( M[M6
R(; 7<R> MU7R:( MUM[MR(;MD 9(  /ULR5(L L(9'>Y< >/ MUM[MR(;M 7<R> $>;6
@><(<RM& >/ R[@(M 44L(4R(' >L M7;@:(D

% 1.31//= .1-9 (M$L7( R5( M(LX7$(M >/ ($5 $>;@><(<R& R5( UM(6;>'(M
<' M(LX7$(M MM>$7R(' Y7R5 ($5 UM(6;>'(D 7MR 7<@UR6>UR@UR XL7:(M MM>$76
R(' Y7R5 ($5 X(LM7>< >/  M(LX7$(D L>X7'( /U:R '(M$L7@R7><& (//($RM >< $>;@>6
IiO[ `BBWg* `>,.A>C.X 5FW ]<. ,.X>:C F5 5`A]=]FA.WC] )FC]WFA [I7

<(<R >UR@UR /L>; @>MM7:( /U:RM <' /7:UL( <' $><MRLU$R R5( @L>@4R7>< ;RL76
$(M MM>$7R(' Y7R5 ($5 X(LM7>< >/  M(LX7$(D

% @-= 3813'=*1/ 9(  U:R L>@4R7>< <:[M7M >/ :: L(:(X<R MUM[M6
R(;M <' $>;7<( 7<R>  $>;@:(R( <:[M7M >/ R5( $><RL>::(' M[MR(;D 5( (<'6
(//($RM '(M$L7( $><M(EU(<$(M R R>@ :(X(:D (6UM( <[ X7::( /U:R @L>@4R7><
;RL7$(M />L $>;@><(<RM <' $$U;U:R7<4 9<>Y:('4( >UR $>;@><(<R /7:UL(MD

% A8*=D 9999./=
U'4( R>@ :(X(: (<'6(//($RM />L M(X(L7R[D 5( ><(M Y7R5 M746
<70$<R 7<2U(<$( >< $><RL>: @(L/>L;<$(& M/(R[ >L X7:7:7R[ L( $>::($R(' 7< 
:7MR />L RL(R;(<R [ R5( UR><>;>UM MU@(LX7M>LD

% A89 @=*1/ 9(  L(X(LM( '('U$R7>< >/ /U:R @L>@4R7>< R> :>$R(
/U:RM R5R Y>U:' $UM( <[ >/ R5( M(X(L( (<'6(//($RM& >L $>;7<R7><M R5(L(>/&
/L>; R5( :7MRD

% 9@-= 5( L(MU:R 7M  M5>LR6:7MR >/ /U:RM R5R M5>U:' ( '74<>M(' <' 5<':('D

=8@=@8- /-D9*96 <:[M( M[MR(; MRLU$RUL( UM7<4 R5( ;(R5>'M 47X(< 7< 5@6
R(L 1D 5( L(MU:R 47X(M  R[@( >/ 7</>L;R7>< Y5(R5(L MU/0$7(<R L('U<'<$[ 7M X7:6
:( 7< R5( M[MR(; R> '(R($R <' 7M>:R( ($5 >/ R5( M(:($R(' /U:RM& <' R> 5<':( R5(
/U:RM [  L($><04ULR7>< MRLR(4[D

% 1/9=8*/=9 ('U$( < (<U;(LR(' :7MR >/ $><MRL7<RM /L>; R5( M(R >/ ;>'(:M >/
R5( 7<'7X7'U: $>;@><(<RMD5(L( ;[ ( '7//(L(<R M(RM >/ $><MRL7<RM MM>$7R('
Y7R5 '7//(L(<R M(LX7$(MD

% =8@=@8 '83( M( R5( M(R >/ $><MRL7<RM R> />L;U:R( R5( M[MR(; MRLU$RUL(
4L@5 M (Z@:7<(' 7< 5@R(L 1D

% =(*/' 9(  $>;@:(R( ;R$57<4 R> 0<'  M(R >/ U<;R$5(' $><MRL7<RMD

% 1/9=8*/=9 "18 89*@- '/8=*1/ M( U<;R$5(' $><MRL7<RM R> @L>X7'( @L6
7R[ (EUR7><M />L L(M7'U: 4(<(LR7><D

% *-*=D =1 *'/19 9A8 "@-=9 >L ($5 /U:R Y7R5 M(X(L( (<' (//($RM :7MR(' 7<
R5( /U:R @L>@4R7>< <:[M7M& X(L7/[ R5R R5( M[MR(; MRLU$RUL( ::>YM R5( @LR7$U6
:L /U:R R> ( '74<>M('D

% *-*=D =1 38"18. "@-= (/-*/' >L ($5 >/ R5( /U:RM /L>; R5( :7MR& X(L7/[
R5R MU/0$7(<R L('U<'<$[ 7M X7::( 7< R5( /U:R[ M[MR(; R> ::>Y 5<':7<4 >/
R5( /U:RD >L M(<M>L /U:RM 7<X(MR74R( MRLU$RUL: >M(LX7:7R[D >L $RUR>L /U:RM&
7<X(MR74R( MRLU$RUL: $><RL>::7:7R[D >L >R5(L /U:RM X:7'R( R5( 7:7R[ R> $><RL>:
R5( /U:R[ M[MR(;D
[I[ IiO KKA>)]>FC .fBKA.X

.*- =*1/96 5( @>MM7:( L(;('7: $R7><M L( '(M74<(' 7< R57M MR(@D >L ($5
>/ R5( M5>LR6:7MR(' /U:RM& R5( '(M74<(' ;UMR $5>>M( R> UR7:7M( @5[M7$: L('U<'<$[
>L <:[R7$: L('U<'<$[ $$>L'7<4 R> R5( L(MU:RM >/ R5( MRLU$RUL: <:[M7MD 5(R5(L
R5( >L747<: $><RL>: >8($R7X(M $< ( ;(R Y7:: <>R ( 9<>Y< R R57M MR4( >/ '(M74<D
5( />::>Y7<4 7MMU(M <((' R> ( '(:R Y7R5D
% @-=)=1-8/= 1/=81- A89*1/ 1" 98A* B*=( "@-- 38"18./ / L('U<'<R
5L'YL( 7M X7::(& UM( R57M R> >@(LR( Y7R5 /U:: @(L/>L;<$(D

% @-=)=1-8/= 1/=81- A89*1/ 1" 98A* B*=( '8 38"18./ 5<4(


R>  $><RL>: M$5(;( R5R '>(M <>R L(EU7L( R5( /U:R[ $>;@><(<R >L $< $>;@(<6
MR( R5( /U:R [ (MR7;R7<4 7RM ;4<7RU'(D  /U:R6R>:(L<R M>:UR7>< Y7R5 M>;(
@(L/>L;<$( '(4L'R7>< 7M ;>MR:[ < $$(@R:( :R(L<R7X( R> @LR >/  @:<R (6
$>;7<4 U<X7::(D  @(L/>L;<$( 7<'(Z M5>U:' ( X7::( R> 4U7'( $><RL>::(L
L(6'(M74<D

% 8=8.*/ 1/=81--8 8)9*'/ L('(R(L;7<(' L($R7><M R> /U:RM $< (


>R7<(' 7< ;<[ $M(M <' M5>U:' ( @L(/(LL(' Y5(< @>MM7:(& 'U( R> :(MM $>;6
@:(Z7R[ R5< R5( :R(L<R7X(D L('(R(L;7<(' M>:UR7><M 7<$:U'( (MR7;R>L >L $><6
RL>::(L L(6'(M74< '><( R R5( '(M74< MR4(D

% @=1/1.1@9 1/=81--8 8)9*'/ 5(< L(;('7: $R7><M '(@(<' >< R5( MRR(
>/ R5( M[MR(;& ><:7<( UR><>;>UM L(6'(M74< $< ( <($(MML[D UR><>;>UM L(6
'(M74< 7M $><M7'(L(' R5( ;>MR $5::(<47<4 >/ R5( /U:R6R>:(L<R $><RL>: @>MM77:76
R7(M& Y7R5  $>;@:(Z7R[ (EU7X:(<R R> M>:UR7><M 7< '@R7X( $><RL>:D

% *- =1 9" 9== 5(< @@L>@L7R( /U:R 5<':7<4 $<<>R ( $57(X('& R5( MU6
@(LX7M>L M5>U:' ;9( R5( M[MR(; /7: R>  M/( MRR(D 5(< UR><>;>UM L(6'(M74<
7M L(:(X<R& R5( MU@(LX7M>L M5>U:' $>;@L7M( < 7<'(@(<'(<R '74<>MR7$ ;>'U:( />L
@(L/>L;<$( ;><7R>L7<4 <' ;UMR L(R7< R5( 7:7R[ R> /7: R>  M/( MRR(& M5>U:'
@L>@(L @(L/>L;<$( >/ R5( L(6'(M74< /7: R> ( $><0L;('D

@-= *'/19*9 9*'/6 5( MRLU$RUL( 7</>L;R7>< 47< @L>X7'(M  :7MR >/ @>MM76
7:7R7(MD 5( L($><04UL7:7R[ ;(MUL( />L R5( /U:R[ M[MR(; 7<'7$R(M 5>Y '7/0$U:R
L($><MRLU$R7>< Y7:: (D
% 9*@- '/8=18 M(' >< U<;R$5(' $><MRL7<RM& />L;U:R( R5( @L7R[ (EU6
R7><M R5R $< @L>X7'( R5( M7M />L  L(M7'U: 4(<(LR>LD

% =*- 9*'/ "18 ==*1/ 9(  '(R7:(' '(M74< />L '74<>M7M />::>Y7<4
R5( L(MU:RM 7< ($R7>< PDT UM7<4 R5( @L7R[ (EUR7><M @@L>$5 >L ($R7>< PD3 UM7<4
< >@R7;7MR7><6M(' @@L>$5D
IiO[ `BBWg* `>,.A>C.X 5FW ]<. ,.X>:C F5 5`A]=]FA.WC] )FC]WFA [IZ

% =*-9*'/"18*91-=*1/5(M(:($R('L(;('7:$R7><M'(R(L;7<(R5(L(6
EU7L(;(<RM/>L/U:R7M>:R7><D R7M<>R<($(MML[R>7M>:R(/U:RM(:>YR5(:(X(:
Y5(L(R5(/U:R@L>@4R7><$<(MR>@@('D

% =*- 9*'/ "18 9=*.=*1/ / R5( L(;('7: $R7>< L(EU7L(M /U:R (MR7;R7><&
'(M74< /U:R (MR7;R7>< 7/ @>MM7:(D

1/=81- 1" =( "@-=D 9D9=.6 ><RL>: >/ R5( /U:R[ M[MR(; 7M [ <RUL( >/ R5( @L>6
:(;& M '7/0$U:R M  '(M74< >/ < >L747<: $><RL>: M[MR(;D >Y(X(L& 7/ R5( /U:R 7M >/
><( >/ R5( M7;@:(L R[@(M 7<  M(<M>L&  L(;('7: $R7>< 7M M>;(R7;(M MRL745R/>LYL'D
57M 7M :M> R5( $M( 7/ R5( /U:R $< ( RL(R(' M < 7<$L(;(<R: $5<4( R> R5( M[M6
R(;& >L R5( /U:R 7M @UL(:[ ''7R7X(& R5(< L(MU:RM 7< 5@R(L O $< ( @@:7(' <' M5>Y
R5( /;7:[ >/ $><RL>::(LM R5R MR7:7M( R5( M[MR(;D < R5( 4(<(L: $M( >/ L(6'(M74<&
R5( (<R7L( L<4( >/ '(M74< ;(R5>'M 7< /(('$9 $><RL>: $>U:' ( (;@:>[('& 5>Y(X(L&
/>::>Y7<4 R5( '7M$UMM7>< 7< 5@R(L O&  ;(R5>'>:>4[ 7M L($>;;(<'(' R5R 7M M('
>< R5( />L;U:R7>< >/  $:(L:[ '(0<(' @(L/>L;<$( M@($70$R7><D
% /918 "@-=9 RR(;@R R> (MR7;R( R5( /U:R[ ;(MUL(;(<R& '(M74< <' (;@:>[
< >M(LX(LN '(M74< < >UR@UR /(('$9 Y7R5>UR UM7<4 R5( /U:R[ M(<M>LN 7/ R5( R[@(
>/ /U:R 7M ''7R7X( A7M >L 'L7/RB $><M7'(L  $>;@(<MR7>< R5L>U45 /U:R (MR7;6
R7><D

% =@=18 "@-=9 ><M7'(L R5( $><RL>::7:7R[ Y7R5>UR UM7<4 R5( /U:R[ $RUR>LD /
@>MM7:(& ;9(  $><RL>::(L L(6'(M74< />L R5( /U:R[ M[MR(; UM7<4 L(;7<7<4 $6
RUR>LMD / R5( $RUR>L /U:RM 7M @5[M7$::[ ''7R7X(& /U:R (MR7;R7>< ;[ ;9( 7R
@>MM7:( R> ;9(  M7;@:( $>;@(<MR>LD

% -/= "@-=9 ><M7'(L $><RL>::7:7R[ AMR7:7M7:7R[B >/ R5( /U:R[ M[MR(;D (R(L6
;7<( @>MM7:( @(L/>L;<$( Y7R5>UR L(6RU<7<4 R5( $><RL>::(LD <X(MR74R( Y5(R5(L
 M7;@:( L(6RU<7<4 $< ( $57(X(' >/ R5( /U:R[ M[MR(; UM7<4 >U:6 U$(L @6
L;(R(L7MR7><D

% 1/#'@8=*1/ / >R5(L >@R7><M /7:& L(6'(M74< R5( $><RL>::(L $>;@:(R(:[& R> >6
R7< L(EU7L(' @(L/>L;<$(D

% *.)=1)81/#'@8 / L($><04ULR7>< 7M <(('(' <' $>;@:(R( 7M>:R7>< $<<>R


( $57(X(' Y7R57< R5( L(EU7L(' R7;( R> L($><04UL(& R5( M(R $( Q % Y7:: <((' R>
( M(:($R(' MMU;7<4  Y>LMR6$M( $><'7R7>< 7< R5( M(R >/ '74<>MR7$ L(MU:RMD 5(
Y>LMR $M( /U:R 7M ><( R5R 5M R5( 5745(MR '(4L(( >/ M(X(L7R[D

% (/' 1+=*A 5(< >R5(L @>MM77:7R7(M L( (Z5UMR('& L(:Z R5( @(L/>L;<$(
>8($R7X(M />L R5( /U:R[ M[MR(; <' '(M74< < @@L>@L7R( $><RL>::(LD

% *- =1 9" / R5( >L747<: $><RL>: >8($R7X(M $<<>R ( ;(R& 5<':7<4 >/ R5(
@L>:(; [  R5( MU@(LX7M7>< /U<$R7>< ;UMR ( $><M7'(L('D 5( UR><>;>UM @LR
[I2 IiO KKA>)]>FC .fBKA.X

>/ MU@(LX7M7>< ;UMR :Y ( R> >//(L 4L$(/U: '(4L'R7>< <' $:>M( '>Y< Y5(<
R57M 7M <($(MML[ M /::6$9D

@38A*918 -1'*6 U@(LX7M>L 7</(L(<$( LU:(M L( '(M74<(' UM7<4 R5( 7</>L;R7><
>UR Y57$5 /U:RMQ(//($RM L( '(R($R(' <' 5>Y R5([ L( RL(R('D 5( UR><>;>UM
MU@(LX7M>L '(R(L;7<(M R5( ;>MR @@L>@L7R( $R7>< /L>; R5( @L(M(<R $><'7R7>< <'
$>;;<'MD 5( UR><>;>UM MU@(LX7M>L ;UMR ( '(M74<(' R> RL(R ;>'( $5<4(M >/
R5( $><RL>::(' @L>$(MM <' <[ >X(L::Q>@(LR>L $>;;<'MD >LMR6$M( $><'7R7><M
<' >X(L:: M/(R[ >8($R7X(M M5>U:' 5X( @L7>L7R[ Y5(< /U:: 7M>:R7>< >L $><RL>::(L6
L(6'(M74< $<<>R ( $$>;@:7M5(' Y7R57< R5( L(EU7L(' R7;( R> 4(R Y7R57< $><RL>:
M@($70$R7><M /R(L  /U:RD

9=6 (MRM M5>U:' ( $>;@:(R(D 5( ;7< >MR$:( 7M R5( $>;@:(Z7R[ >/ R5( L(MU:R7<4
5[L7' M[MR(; $><M7MR7<4 >/ $><RL>::(L <' @:<RD L<M7(<R $><'7R7><M :79( MY7R$57<4
(RY((< <>L;: <' <>R6<>L;: $><RL>::(LM 6 <' L(X(LM( 6 M5>U:' 7< @LR7$U:L (
$L(/U::[ R(MR('D
5( >X( MR(@M L( 7<R(<'(' R> ;9( R5( MU@(LX7M>L '(M74< $5(@(L& /MR(L& <'
(RR(LD 5( /U:R $>X(L4( 7M R5(< A5>@(/U::[B M $>;@:(R( M 7M @>MM7:(& ($UM( R5(
/U:R @L>@4R7>< <:[M7M MR(@ 7< @L7<$7@:( 7<$:U'(M :: @>MM7:( /U:RMD 5( <:[6
M7M 7M ;>'U:L& ($UM( M;:: MUM[MR(;M L( RL(R(' 7<'7X7'U::[D ULR5(L;>L(& R5(
MRLR(4[ 5M R5( 'X<R4( R5R R5( M[MR(; 7M <:[M(' ><  :>47$: :(X(: M /L M
@>MM7:( (/>L( R5( :>L7>UM 8> >/ ;R5(;R7$: ;>'(::7<4 <' '(M74< 7M 7<7R7R('D
57M M5>U:' (<MUL( R5R MU@(L2U>UM <:[M7M <' '(M74< L( X>7'('D

)9+/ !$!(-*!$ &(1.


<. W.)FC6:`W]>FC KWF$A.B 5FW ]<. ]<W..=]C@ XgX].B ,.X)W>$., >C .)]>FC IiOI <X $..C
])@A., X  $.C)<BW@ KWF$A.B >C ]<.  KWF?.)] 'DI(O .d.WA XFA`]>FCX W. ,.X)W>$., >C
'^(+ 'I7I(O
<. )<.B>)A KWF).XX ,.X)W>$., >C .)]>FC IiO_ <X $..C `X., ]F ].X] C, .dA`]. ,>55.W.C]
,>:CFX]>) B.]<F,X C, 5`A]=]FA.WC] )FC]WFA KW>C)>KA.XO <. W.X`A]X F`]A>C., <.W. <d. $..C
K`$A>X<., >C 'I7[(+ 'I77( C, '_IZ(O <. d>W]`A X.CXFW C, d>W]`A )]`]FW .fBKA. 5FW W.=
)FC6:`W]>FC >X K`$A>X<., >C 'I[_(+ '_9i(O  5`A]=]FA.WC] )FC]WFA KW>C)>KA.+ e<>)< >X $X.,
FC C FC=A>C. FK]>B>X]>FC+ >X ,.X)W>$., >C '_I_(O <. W.).C] .fK.W>B.C]A W.X`A]X e>]< ]<.
)FC,`)]>d>]g )FC]WFA KWF$A.B W. W.KFW]., >C '_I7(O
<. ,>:CFX>X C, 5`A]=]FA.WC] )FC]WFA KWF$A.B F5 ]<. X<>K KWFK`AX>FC XgX].B ,.X)W>$.,
>C .)]>FC IiO^ eX KW.X.C]., X C >C].WC]>FCA $.C)<BW@ 'Ii7(+ 'Ii[( C, eX `X., X
 KA]5FWB 5FW ]<. )FBKW>XFC F5 ,>55.W.C] B.]<F,X C, ]<. ,.d.AFKB.C] F5 C.e >,.XO <.
BF,.AA>C: F5 ]<. X<>K KWFK`AX>FC XgX].B eX ,.X)W>$., >C 'I9(+ 'I2(O <. Q`C]>X., XgX].BX
KKWF)< ]F ]<. ,>:CFX>X F5 ]<. X<>K XgX].B >X KW.X.C]., >C ,.]>A >C 'D_(O <. X]$>A>]g F5 C
F$X.Wd.W `X., >C .)]>FC IiO^ <X $..C KWFd., >C 'ZI(O
'ID( KW.X.C]., C ,K]>d. F$X.Wd.W XFA`]>FC ]F .X]>B]. X]].X C, 5`A]X C, `X., ]<. XB.
CFCA>C.W F$X.Wd.W 5FW W.)FC6:`W]>FCO '7^( .f].C,., `X.,  ,.,>)]., XA>,>C: BF,. F$X.Wd.W
5FW 5`A] ,.].)]>FC FC ]<. CFCA>C.W KWFK`AX>FC KAC]O eF <OO ]<.X.X `X., ]<. $.C)<BW@ X
 B>C .fBKA.O `K.Wd>XFW AF:>) ,.X>:C eX  B>C ]<.B. >C 'IiZ(Y ]<. CFCA>C.W KWF$A.B
IiOZ >$A>F:WK<>)A CF].X [ID

eX ]<. 5F)`X 5FW 'I^^(O '_2( `X.,  <>:< :>C F$X.Wd.W 5FW ]<. CFCA>C.W X<5] XK.., ,gCB>)X+
X>B>AW ]F ]<] F5 'ID(+ <Fe.d.W CF] ,K]>d.O <.g KKA>.,  X]]>) ,.].)]FW ]F ,>:CFX. K>])<
C, .C:>C. :>C 5`A]XO C .X]>B]. F5 ]<. B:C>]`,. F5 X.CXFW 5`A]X eX `X., $g ]<. )FC]WFA
X)<.B. ]F ))FBBF,]. 5`A]X $g X.]KF>C] A].W]>FCO .8.)]>C: FC ]<. CFCA>C.W ,gCB=
>)X+ `C).W]>C KWB.].WX C, )FBKA.f ,.X>:CX F5 X.d.WA .WA>.W B.]<F,X+ 'Ii^( X`::.X]., 
C.`WF=5`hhg F`]K`] F$X.Wd.W 5FW ,>:CFX>XO '_Zi( X`::.X].,  ABC 6A].W XFA`]>FC e<.W.
CFC=Xe>])<>C: 5`A] ))FBBF,]>FC eX F$]>C., `X>C: X.CXFW 5`A] .X]>B]>FCO
.X)W>$>C: ]<. $.<d>F`W F5 X].B :.C.W]FWX )FCX>,.W., >C .)]>FC IiO9 W.X`A]X >C <>:<Ag
CFCA>C.W BF,.AX ,`. ]F ]<. )F`KA>C: F5 BCg K<gX>)A K<.CFB.C F5 ,>55.W.C] C]`W.XO @=
>C: >C]F ))F`C] ]<. 5)] ]<] X].B :.C.W]FWX W. BFC: ]<. BFX] e>,.Ag XKW., KWF).XX.X+
BCg eFW@X <d. $..C ,.dF]., ]F ]<. X`$?.)]+ .O:O '^(+ '_D(+ 'I2D(+ '_7I(O
<. )F.56)>.C]X F5 ]<. ]<.WBA BF,.A ,.X)W>$., >C .)]>FC IiO9 W. )FBK`]., $g .BK>W>)A
A:FW>]<BX :>d.C >C '_7I(O
C. F5 ]<. 6WX] KKA>)]>FCX F5 5`A]=]FA.WC] )FC]WFA >C C >C,`X]W>A X)A. eX ,.X)W>$., >C
'_7[( 5FW BXX=KWF,`)., >Cd.W].WX 5FW >C,`)]>FC BF]FWXO
<. KWF).XX F5 WW>d>C: ] ,.d.AFKB.C] B.]<F,X 5FW 5`A]=]FA.WC] )FC]WFA >X C .dFA`]>FC
e<.W. XFB. W.X F5 KKA>)]>FC <d. $..C .fKAFW.,+ $`]  6CA 5FWB )CCF] $. X>, ]F $.
W.)<.,O ].KX >C ]<. .dFA`]>FC >C)A`,. '__( KW.X.C]>C: :.C.WA >,.X+ '_[( C, '_7( e<.W. .f=
K.W>.C). 5WFB KKAg>C: 5`A]=]FA.WC] B.]<F,X 5FW ]<. ]<. WX]., X].AA>]. e.W. >C)FWKFW].,+
'IiZ( e<F ]W.] ]<. X`K.Wd>XFW=AF:>) A.d.A+ '_7Z( C, '_7[( >B>C: ] >BKA.B.C]]>FC >C 
AW:. dFA`B. >C,`X]W>A KWF,`)] C, ]<.W.5FW. AXF >C)A`,.X )FX]=$.C.6] XX.XXB.C]XO
FC).WC>C: >BKA.B.C]]>FC+  )FWW.)] C, )FCX>X].C] )FC]WFA XgX].B CAgX>X X<F`A, A=
egX $. 5FAAFe., $g .Q`AAg )FWW.)] XF5]eW. >BKA.B.C]]>FCO <>X >X KW]>)`AWAg W.A.dC]
5FW ]<. X`K.Wd>XFWg KW]X F5 C 5`A]=]FA.WC] )FC]WFA X)<.B. 'IiZ(O .X]>C: F5 ]<. 5`A]=]FA.WC]
)FC]WFA .A.B.C]X >X ,>56)`A] X>C). >] >X ,>56)`A] ]F W.KA>)]. ]<. W.A )FC,>]>FCX `C,.W e<>)<
5`A]X F))`WO .AA KACC., XF5]eW. W)<>].)]`W. C, >BKA.B.C]]>FC W. ]<`X )W`)>A >XX`.X
5FW 5`A]=]FA.WC] )FC]WFA >BKA.B.C]]>FCO  X]`,g F5 ]<. `X. F5 F$?.)]=FW>.C]., KWF:WBB>C:
W)<>].)]`W.X eX ,.X)W>$., $g 'I^Z(O <. 5`A]=]FA.WC] )FC]WFA W. >X <.C). d.Wg e>,. C,
>CdFAd.X X.d.WA W.X F5 XgX].B ]<.FWgO C. Fd.Wd>.e 'ID^( .BK<X>X., BCg A:FW>]<B>)
.XX.C]>AX C, ]<. WFA. F5 5`A] ,>:CFX>XO CF]<.W '__( KW.X.C]., C .C:>C..W>C: d>.e F5 ]<.
B.CX ]F F$]>C 5`A]=]FA.WC] )FC]WFAO FWBA ,.6C>]>FCX e.W. >C]WF,`)., >C '_I(O CAgX>X F5
X]W`)]`W. eX )Fd.W., >C 'Z[(+ 'IiZ( C, '_^_(O .X`W.X F5 W.)Fd.W$>A>]g e.W. ,>X)`XX., >C
'[Z(+ 'Z[( C, '_[2(O `C]>]]>d. ].)<C>Q`.X ]F XX.XX ]<. W.A>$>A>]g F5 5`A]=]FA.WC] )FC]WFA
>BKA.B.C]]>FCX eX ]<. X`$?.)] F5 '_^(+ '_[[(+ '_[Z(O
F,.A>C: 5FW ,.].)]>FC F5 5`A]X >C >C,>d>,`A )FBKFC.C]X <d. $..C e>,.Ag X]`,>.,* '^2(
6A].W., ]<. X]W=KF>C] dFA]:. F5 C  BF]FW WF`C, ]<. 5`C,B.C]A 5W.Q`.C)g C, `X., 
A.d.A ].X] ]F ,.].)]  BF]FW 5`A]XY  BF,.A 5FW X>B`A]>FC F5 ]`WC 5`A]X eX K`$A>X<., >C
'_92(Y ,.].)]>FC F5 KW]>)`AW 5`A]X F))`WW>C: >C )AFX.,=AFFK  BF]FW )]`]FWX e.W. X]`,>.,
>C '_9D(Y 'III( `X., ,>:CFX]>) B.]<F,X 5FW ).C]W>5`:A K`BKXY '_i2( CAgX., egX ]F ,.].)]
KW]>A 5>A`W. >C KFe.W Xe>])< )>W)`>]XO .W5FWBC). F5 )FBKFC.C]X eX )FCX>,.W., $g '_^D(
e<F CAgX.,  B`A]>=K<X. >C,`)]>FC B)<>C. e>]< 5`A]XO CAgX>X F5 C .C]>W. XgX].B eX
]W.]., >C '77( e<F C..,.,  5`AAg <W,eW. W.,`C,C] XFA`]>FC+ e>]< ,`KA>)]., K.WBC.C]
BF]FWX+ ]F )FK. e>]< )FBKFC.C] 5`A]XO C  BF]FW e>]< 5F`W e>C,>C:X eX KWFKFX., 5FW
5`A]=]FA.WC] XgX].BX >C '_^D(O <. )X. X]`,g F5 .A.)]W>)A X]..W>C: FW>:>C]., >C ]<. B.]<F,X
]F F$]>C XgX].B=e>,. 5`A]=]FA.WC). '__( C, XK.)>6) W.X.W)< W.X`A]X F$]>C., >C '_79(+ >C
]<. K].C] '_i( C, >C '_77(O

"#

IO O>]F`)<.+O O.<>C+OA>fC,O`BFW]>.WO.C.W>))FC]WFA\)FBBC,,>X]W>$`].,


XgX].BOKKA>)]>FC]F]<.X`K.Wd>X>FCF5BFd>C:X]:.X.]X>C]<.].WXOC;351
3C;1/
3#31@;3/+2*[9=Z7+_ii_O
_O
OOA$`XC,OOWF)]FWOW.5.W.C).BF,.AW)<>].)]`W.5FW>C].AA>:.C]<g$W>,)FC]WFA
XgX].BXO 4A@)3;/31(;<<+KKO9Z^=922+CWC)>X)FIDD[O
^O O
OX]WHB+OA$.W]FX+ OAC@.+O X>,FW>+OChC,O)<`5.A$.W:.WO31@;3/
3#305/HI<@0<OKW>C:.W.WA: FC,FC+_iiIO
9O O
O X]WHB C, O >]].CBW@O 305C@; 31@;3// I<@0< )3;I 1 <+(1O
W.C]>).=AA+C:A.eFF,A>55XID29O
7O OXX.d>AA.C, OO>@>5FWFdO@@+313#;C5@)1(<)3;I155/+@+31O
C5FWB]>FCC,gX].B)>.C).+W.C]>).AA+.eFW@IDD^O
[O O .Cd.C>X].+ O :<XWgC+ O $W.+ O F`$F`W C, O
W,O `A] ,.].)]>FC C,
,>:CFX>X>C,>X]W>$`].,XgX].BX*CKKWF)<$gKW]>AAgX]F)<X]>)K.]W>C.]XO+<;@
F1@I10+I<@0<)3;I155/+@+31<+2*_i^=_^I+IDD2O
ZO OgW]+O O.<>CC, O]WFXe>.)@>O`A],.].)]>FCC,>XFA]>FCC,BF,.BC=
:.B.C]>CXBW])]`]FWXO   :2B+ A:IDD_O
2O OgW]+O .B>W.+ OO/WA,>C,OC,W/Of].WCABF,.AC,XgC))<W]X,.X)W>K=
]>FCF5C`]FBF$>A.)W`>X.)FC]WFAXgX].BO31@;3/1(+1;+1(;@++Z*I_7D=I_[Z+
IDDDO
DO OgW]C, O]WFXe>.)@>OBW])]`]FWX5FW,>X]W>$`].,>C].AA>:.C]XgX].BXO 
I053<+C0+<@;+C@ 1@//+(1@I<@0<+WA>C:]FCIDDIO
IiO OgW]+ O]WFXe>.)@>C,O O.<>CO F,.BC:.B.C]>C,>X]W>$`].,>C].AA>:.C]
`]FB].,KWF,`)]>FCXgX].BO +X].C,.IDD7O
IIO OgW]+ O]WFXe>.)@>+O>BFCF]= >FCC,
OO<FB.XX.OCAgX>XF5,>X]W>$`].,
XgX].BX$X.,FC>C].AA>:.C],.d>).XO4<@ 3;.<)3531@3;I300C1+@+31I<*
@0<+ .gX>CIDD7O
I_O O.W:.OG3)3;0<+1;5))3;IOW>C).]FCC>d.WX>]g+ID7ZO
I^O O>XeX+ O=OFW,>.W+
O `Ch.+ OWd/= XX`g1XC,]WFXe>.)@>+ O*>:CFX>XF5
)FBKA.fXgX].BX*W>,:>C:]<.B.]<F,FAF:>.XF5]<. C,)FBB`C>]>.X+,>]FW>A+
;1<8+ =^9*_I7D=_I[_+_ii9O
I9O OAC@.O)+5;35C/<+31 3<<</@@3C@30@+@;+1(1;+0 3F;31*
@;3/O<]<.X>X+.)<C>)AC>d.WX>]gF5.CBW@+ID2IO
I7O OAC@.OFCX>X].C],.X>:CF5,.K.C,$A.)FC]WFAXgX].BXO31@;3/1(+1;+1(;*
@++9*I^i7=I^I_+IDD[O
I[O OAC@.O`A]=]FA.WC]X.CXFW5`X>FCe>]<CKKA>)]>FC]FX<>KCd>:]>FCO -3+1@
BKK% 1@;1@+31/I053<+C031 1@//+(1@31@;3/14A@) +@;;1131#;1
3131@;3/1C@30@+31+KKOI^27=I^Di+_ii7O
[__ .5.W.C).X

IZO O AC@.+ O FW)<+ O :CFA> C, O AAX>O .d.AFKB.C] F5 C `]FB]., ].)<C>Q`.


5FW 5>A`W. BF,.X C, .55.)] CAgX>XO ;38 C;351 #@I 1 /++/+@I 31#8+ KKO
2^D=299+ `C>)< IDDDO
I2O O AC@. C,
O O C,.WX.CO C ,gCB>)X F5 AW:. ]eF X]WF@. ,>.X.A .C:>C.X* .e W.X`A]X
5WFB >,.C]>6)]>FCO ;3+1(< 2@)  3;/ 31#;1+ `,K.X] ID29O
IDO AC@.+ O+ h,>=BC$,>+ O+ C, FF]XB+ OO LIDD2MO `A] BFC>]FW>C: C, W.=
)FC6:`W$A. )FC]WFA 5FW  X<>K KWFK`AX>FC KAC]+
3C;1/ 3# 5@+F 31@;3/ 1 +(1/
;3<<+1(+ dFAO I_+ KKO[ZI=[22O
_iO O AC@.+ O W.,.W>@X.C+
O W>X].CX.C `C,
O C,$.W: <FBX.CO /@;+/ <@;+1(
<I<@08 C>]., X]].X K].C]+  [+[D^+9i7 $_O
_IO O AC@.+ O O W.>+ O W`X+ O
O ]]FC C, O ]WFXe>.)@>O <] >X 5`A]=]FA.WC]
)FC]WFAR  I053<+C0 31 C/@ @@+31 C5;F+<+31 1 #@I #3; )1+/ ;3*
<<<+ I* 9i=7I+ `,K.X] _iiiO
__O O AC@.+ O h,>=BC$,>+ O O J:< C, O O `C`O `A]=]FA.WC] )FC]WFA XgX=
].BX 3  <FA>X]>) d>.eO 31@;3/ 1(+1;+1( ;@++ 7* [D^=Zi_+ IDDZO
_^O O AC@.+ O ]WFXe>.)@> C, O O `O FC).K]X C, B.]<F,X >C 5`A]=]FA.WC] )FC]WFAO
;38 0;+1 31@;3/ 31#;1+ X<>C:]FC _iiIO
_9O O AC@. C, O ]WFXe>.)@>* `A]=]FA.WC] )FC]WFA e>]< X5. $.<d>F`W `C,.W B`A]>=
KA. )]`]FW FW X.CXFW 5`A]X = <.FWg C, KKA>)]>FCO 4'@)  #5;3<< I053<+C0+
.>?>C: _ii[O
_7O O O J:<O C/@ 3/;1@ 31@;3/ I<@0< "  F/3501@ @)3 1 /* +# <
@CIO < ]<.X>X+ .K]O F5 FC]WFA C:O+ A$FW: C>d.WX>]g+ .CBW@ IDDZO
_[O O O J:<+ O h,>=BC$,> C, O AC@.O C$FW, X`K.Wd>XFW 5FW ]<. JWX]., X].A=
A>]. ]]>]`,. )FC]WFA XgX].BO ;@+$+/ 1@//+(1 1 13G/( < I<@0< #3; 5
%@) 3;.<)35+ KKO I^Z=I7_+ FFW,e>?@ IDD7O
_ZO O `)<$.W:.WO WH$C.W $X.X* C A:FW>]<B>) B.]<F, >C KFAgCFB>A >,.A ]<.FWgO C/@+*
+01<+31/ I<@0< )3;I+ KKO I29=_^_+ FW,W.)<] .>,.A ID27O
_2O FC>d.C]F O+ FA> O C, W)FC> O L_ii^MO `A]=FA.WC] FC]WFA 5FW ]<. <>K WFK`A=
X>FC gX].B+ 31@;3/ 1(+1;+1( ;@++ dFAO II+ KKO 92^=9D_O
_DO O F`BBC+ O `K<>C=C:`gO FC, :WK< BF,.A F5  X].B :.C.W]FW KWF).XX C,
>]X .Cd>WFCB.C]O 4K*@) C;351 +0C/@+31 C/@+31#;1+ KKO _^2=_9_+ `,K.X] IDD[O
^iO O F`WX+ O gW] C, O ]WFXe>.)@>O K.)>6)]>FC F5 XBW] >CX]W`B.C]X 5FW ,>X=
]W>$`]., >C].AA>:.C] )FC]WFAO  1@;1@+31/ 31#;1 31 I<@0<+ C)F`d.W IDD7O
^IO O F`WX C, O ]WFXe>.)@>O `>A,>C: ,>X]W>$`]., W)<>].)]`W.X $g ]<. >C].W)FCC.)]>FC
F5 >C].AA>:.C] >CX]W`B.C]XO   :2!+ C)g IDD2O
^_O O F`WX C, O ]WFXe>.)@>O Fe )C >C].AA>:.C] >CX]W`B.C]X >C].WFK.W]. >C C K=
KA>)]>FC 5WB.eFW@R  B.)<C>XB 5FW ]@>C: >C]F ))F`C] FK.W]>C: )FCX]W>C]XO 
  :2=+ CC.)g IDDZO
^^O O `@<W.dO )3;+ ; <@3)<@+<)1 C@30@1O O O .`$C.W+ ]`]]:W] IDD7O
^9O O O BK$.AA C, O >@F`@<<O CH+/+;I <+(1/ <+(1 #3; #+/C; @@+31O W>C).]FC
C>d.WX>]g W.XX+ W>C).]FC+ O
O _ii9O
^7O O F+ O >C C, O >CO <g .d.C] F$X.Wd]>FC* $X.Wd$>A>]g W.d>X>].,O +<;@ F1@
I10+ I<@0< )3;I 1 55/+@+31<+ Z* I_Z=I9D+ IDDZO
^[O
O WAgA.O ]].=)A)`A$A. X]F)<X]>) X.Q`.C]>A B)<>C.X+ .Q`>dA.C).X C, .d.C]XO
e>])<>C: )>W)`>] ]<.FWg C, AF:>)O  31#8 8 G+@)8 +;C+@ )8 1 3(+ <+(1+
KKO 2[7=2Zi+ ID[7O
^ZO O WK.C]>.W+ O >]e@ C,
O=<O XXWO W>].W> 5FW ]<. .dA`]>FC F5  XgX].BX 3 K=
KA>)]>FC ]F X.CXFWX AF)]>FCO  I053<+C0 31 C/@ @@+31 C5;F+<+31 1 #@I
#3; )1+/ ;3<<<+ KKO Ii2^=Ii22+ `AA IDDZO
^2O O O X<+ O O $.]A.W C, O O A>BCO CX`A]>FC 5>A`W. KW.,>)]>FC >C >C,`)]>FC B=
)<>C.X `X>C: A>C.=C.`]WA dFA]:.XO  ;1<@+31< 31 1C<@;I 55/+@+31<+ 79* I_^9=
I_^D+ IDD2O
.5.W.C).X [_^

^DO O XXC,WX C, O 5FW]`C.O 1@;3C@+31 @3 +<;@ F1@ I<@0<O A`e.W ),.B>)
`$A>X<.WX+ IDDDO
9iO
O O XXW+ O gW] C, O ]WFXe>.)@>O >.WW)<>)A ,] dA>,]>FC >C )FC]WFA XgX=
].BX `X>C: XBW] )]`]FWX C, X.CXFWXO  I053<+C0 31 1@//+(1@ 305311@< 1
1<@;C01@< #3; 31@;3/ 55/+@+31 6  :2B7+ A: IDD_O
9IO O <W]WC, C, O O .AA.WBCCO 55/+ 1 /(3;+@)0+ (;5) @)3;I8 C; 1 5*
5/+ 0@)0@+<O )We=>AA C)O+ IDD^O
9_O O O <.CO +1; I<@0 )3;I 1 <+(1O FA]+ >C.<W] C, >CX]FC+ ID29O
9^O
O <.C C, O
O ]]FCO 3C<@ 3/*< C/@ +(13<+< #3; I10+ I<@0<O
A`e.W ),.B>)+ IDDDO
99O O O <Fe C, O O >AAX@gO CAg]>)A W.,`C,C)g C, ]<. ,.X>:C F5 WF$`X] 5>A`W.
,.].)]>FC 6A].WXO  ;1<8+ =_D* [i^=[I9+ ID29O
97O O =O FW,>.W+ O :`.+ O /dg+ O `BX+
O FC]B>C+ O ]WFXe>.)@>+ C, O
Wd/= XX`g1XO  C, `]FB]>) )FC]WFA KKWF)<.X F5 BF,.A=$X., ,>:CFX>X* A>C@X
C, `C,.WAg>C: <gKF]<.X>XO  I053<+C0 31 C/@ @@+31 C5;F+<+31 1 #@I
#3; )1+/ ;3<<<+ KKO _Z9 = _ZD+ `,K.X] _iiiO
9[O O Ff+
O >]]A.+
O C, O V<.O ;+@+< 1 /(3;+@)0<+ KW>C:.W+ .e FW@ IDD_O
9ZO O .)A.W)@ C, O ]WFXe>.)@>O <W)].W>X]>FC F5 ]<. )CFC>)A )FBKFC.C]X F5  X]W`)=
]`WA :WK< 5FW 5`A] ,.].)]>FC >C AW:. X)A. >C,`X]W>A KAC]XO ;38 C;351 31@;3/ 31*
#;1+ W.CF$A. IDDIO
92O O >C: C, O O WC@O W.Q`.C)g ,FB>C KKWF)< C, ]<W.X<FA, X.A.)]FW 5FW WF$`X]
BF,.A=$X., 5`A] ,.].)]>FC C, >XFA]>FCO  I058 #5;3<<+ I* ^iZ=^I_+ ,.C=
,.C IDDIO
9DO O >FKO A>B>C]>FC >C )FC]WFA ]<.FWgO @)8 31@;3/ +(1/< I<@0<+ 9* IZ=^_+ IDDIO
7iO O O `AB:. C, O O .C,.AXF<CO Fd.W>C: F5 $>=KW]>]. :WK<XO 1
8 @)8+ Ii*
7IZ=7^9+ ID72O
7IO O O `AB:. C, O O .C,.AXF<CO  X]W`)]`W. ]<.FWg F5 $>=KW]>]. :WK<X F5 6C>].
.f].W>FW ,>B.CX>FCO ;1<8 3# 3I/ 38 1 @+31 + 7^* I=I^+ ID7DO
7_O
O ,BFC,XO ]<X+ ]W..X C, 8Fe.WXO 18
8 3# @)8+ IZ* 99D=9[Z+ ID[7O
7^O ,eW,X+ O C, O O K`W:.FC L_iiiMO  XA>,>C: BF,. F$X.Wd.W $X.,  X)<.B. 5FW
]<. X<>K $.C)<BW@O C;351
3C;1/ 3# 31@;3/+ dFA [L9M KK ^9I=^7[O
79O O BB>=.>C> C, O O @<].W C, O O F)@O 55.)] F5 BF,.A `C).W]>C]g FC 5>A`W.
,.].)]>FC 3 <. ]<W.X<FA, X.A.)]FWO  ;1<8+ =^^* IIi[=III7+ ID22O
77O O W]`:W`A+ O FFC:+ O FX]A C, O fFCO `A] ]FA.WC] BF]FW ,W>d. XgX].B e>]<
W.,`C,C)g 5FW )W>]>)A KKA>)]>FCXO ;38  AA; 11C/ 3G; /@;31+< 5+/+<@<
31#;1+ KKO I97Z=I9[_+ _ii_O
7[O O O WC@O CAg]>)A C, Q`A>]]>d. BF,.A=$X., 5`A] ,>:CFX>X 3  X`Wd.g C, XFB.
C.e W.X`A]XO C;351
3C;1/ 3# 31@;3/+ _* [=_2+ IDD[O
7ZO O O WC@ C, O >C:O W.Q`.C)g ,FB>C KKWF)< ]F FK]>BAAg WF$`X] W.X>,`A :.C.W=
]>FC C, .dA`]>FC `X>C: BF,.A=$X., 5`A] ,>:CFX>XO C@30@++ ^i* Z2D=2i9+ IDD9O
72O O O FW, C, O O `A@.WXFCO f>BA 8Fe ]<WF`:<  C.]eFW@O 18
8 @)8+ 2*
^DD=9i9+ ID7[O
7DO O O FW, C, O O `A@.WXFCO  X>BKA. A:FW>]<B 5FW 6C,>C: Bf>BA C.]eFW@ 8FeX
C, C KKA>)]>FC ]F ]<. <>])<)F)@ KWF$A.BO 18
8 @)8+ D* _Ii=_I2+ ID7ZO
[iO O HWX]C.W+ O
`C: C,
O `Ch.O  ,>X)W.].=.d.C] BF,.A F5 XgC)<WFCF`X Q`C]>X.,
XgX].BXO C@30@++ ^2* I_ZZ=I_2[+ _ii_O
[IO O HWX]C.W C,
O `Ch.O `A>]]>d. BF,.A>C: F5  KFe.W X]:. 5FW ,>:CFX>XO 4A@) 1@;*
1@+31/ 3;.<)35 31 C/+@@+F <31+1(+ F)< e. IDDDO
[_O O HWX]C.W C,
O `Ch.O `A>]]>d. BF,.A=$X., 5`A] ,.].)]>FC F5  5`.A >C?.)]>FC XgX].BO
 I053<+C0 31 C/@ @@+31 C5;F+<+31 1 #@I #3; )1+/ ;3<<<+ KKO
22=D^+ `,K.X] _ii_O
[^O O HWX]C.W C,
O `Ch.O >X)W.].=.d.C] BF,.AX F5 Q`C]>X., XgX].BX 5FW ,>:CFX>XO 1@;18

8 31@;3/+ Z9* [Di=Zii+ _iiIO
[_9 .5.W.C).X

[9O O HWX]C.W+ O .$.W C,


O `Ch.O >:CFX. .>C.X >.X.A=>CXKW>]hXgX].BX B>] .W.>:C>X=
,>X@W.].C F,.AA.C+ C@30@+<+;C1(<@)1+<) ;H+< 97* Z^=ZD+ _ii^O
[7O O O WC@O +(13<+< +1 I10+/ I<@0< F+ @@ <@+0@+31 "  C;FIO I* ^7=D2+
O .>,.A `$A>X<>C: FBKCg+ ID2ZO
[[O O O W.>O C/@*3/;1@ @)3< +1 1<@)<++ < <.X>X+  bW>)<+ _iiiO
[ZO O O W.>+ O
O W`X C, O AC@.O .)Fd.W$>A>]g d>.e., X  XgX].B KWFK.W]gO ;38
C;351 31@;3/ 31#;1+ WAXW`<. IDDDO
[2O O W>]X)<+
O `Ch.+ FBKA.f>]g W.,`)]>FC F5 W.BF]. ,>:CFX>X F5 ,>X)W.].=.d.C] XgX].BX+
;38 + gF]F _ii[O
[DO O W>]X)<+
O `Ch.+ O )<e>:.W C, O W.$X+ .BF]. ,>:CFX>X F5 ,>X)W.].=.d.C] XgX=
].BX e>]< FC=$FW, C, F55=$FW, )FBKFC.C]X+  I053<+C0 31 C/@ @@+31 C*
5;F+<+31 1 #@I #3; )1+/ ;3<<< 67+ .>?>C: _ii[O
ZiO O F C, O
O C]X@A>XO ]$>A>]g F5 ]<. KX.`,F=>Cd.WX. B.]<F, 5FW W.)FC6:`W$A. )FC]WFA
XgX].BXO 1@;1@+31/
3C;1/ 3# 31@;3/+ 7^* ZIZ=Z_D+ IDDIO
ZIO
O O `]<>.W+ O BBF`W> C, O ]<BCO  X>BKA. F$X.Wd.W 5FW CFCA>C.W XgX].BX
KKA>)]>FCX ]F $>FW.)]FWXO  ;1<8+ =^Z* 2Z7=22i+ IDD_O
Z_O O O .<>C+ O XXX C, O ]WFXe>.)@>O ]W`)]`WA CAgX>X F5 XgX].B W.)FC6:`W$>A>]gO
 I053<+C0 31 C/@ @@+31 C5;F+<+31 1 #@I #3; )1+/ ;3<<<+ KKO
_D_ = _DZ+ `,K.X] _iiiO
Z^O O O .<>C+ O gW] C, O ]WFXe>.)@>O `A]g W.XF`W).X BC:.B.C] >C `]FB]>FC
XgX].BXO   :2=+ WAC,F IDDZO
Z9O O O .<>C C, O ]WFXe>.)@>O  5FWBA KKWF)< ]F W.)FC6:`W$>A>]g CAgX>XO KKA>=
)]>FC ]F ]<. ]<W.. ]C@ $.C)<BW@O ;38 C;351 31@;3/ 31#;1+ WAXW`<. IDDDO
Z7O O O .<>C+ O ]WFXe>.)@> C, O O XXXO  $F]]FB=`K KKWF)< ]F CAgX. W.)FC=
6:`W]>FC KFXX>$>A>]>.XO 4K@) 1@;1@+31/ 3;.<)35 +1 ;+1+5/< 3# +(13<+<+ F)< e.
IDDDO
Z[O O O .<>C C, O ]WFXe>.)@>O  5FWBA KKWF)< ]F W.)FC6:`W$>A>]g CAgX>X 3 KKA>=
)]>FC ]F ]<. ]<W.. ]C@ $.C)<BW@O ;38 C;351 31@;3/ 31#;1+ WAXW`<. IDDDO
ZZO O .FW:>F` C, O O AF`,XO ]W`)]`WA CAgX>X C, XgC]<.X>X F5 5.X>$A. )FC]WFA XgX=
].BX* <.FWg C, KKA>)]>FCXO )0+/ 1(+1;+1( <;) 1 <+(1+ [Z* [ii=[I2+
ID2DO
Z2O
O .W]A.WO C/@ @@+31 1 +(13<+< +1 1(+1;+1( I<@0<O W).A .@@.W+ .e
FW@ IDD2O
ZDO
O .W]A.WO CAg]>)A W.,`C,C)g B.]<F,X >C 5>A`W. ,.].)]>FC C, >XFA]>FCO 31@;3/ )*
3;I 1 F1 )13/3(I+ ILDM* _7D=_27+ IDD^O
2iO
O .W]A.W C, O >C:.WO  C.e X]W`)]`WA 5WB.eFW@ 5FW KW>]g XK). .Q`]>FC $X., 5>A`W.
,.].)]>FC C, >XFA]>FCO C@30@++ _[* ^2I=^22+ IDDiO
2IO O O A,O FC=A>C.W X]]. XK). C, >CK`]=F`]K`] ,.X)W>K]>FCX `X>C: ,>55.W.C]>A KFAgCF=
B>AXO G ;1< +1 31/+1; 31@;3/ )3;IO FC]WFA C, C5FWB]>FC )>.C).+ I__*
I2_=I2D+ KW>C:.W+ .WA>C ID2DO
2_O O FAd.W C, O O >Ad.WBCO <W)].W>X]>FC F5 X]W`)]`WA )FC]WFAA$>A>]gO  ;1<8+
=_I+ 9* 7^9=7^Z+ IDZ[O
2^O O FC,WC C, O >CF`fO WK<.X .] A:FW>]<B.XO 3//8 +;@+31 < @C< @
);)<  I;3//<+ L^, .,>]>FCM+ IDD7O
29O O O W.$.+ O OO <A/CO gCB>) ]WCX5.W BFC: A].WC]>d. )FC]WFAA.WX C, >]X W.A]>FC
]F C]>=e>C,`K )FC]WFAA.W ,.X>:CO  ;1<@+31< 31 31@;3/ I<@0 )13/3(I+ 9* D_=
DD+ IDD[O
27O O W..C C, O
OO >B.$..WO +1; 3C<@ 31@;3/O W.C]>).=AA+ C:A.eFF, A>55X+
.e
.WX.g+ IDD7O
2[O O BX)<.W+ O FCXFA. C,
O ,. A..WO +1(< +1 3/*< +(13<+<O FW:C
`5BCC+ IDD_O
2ZO O C`X+ O >CC.W] C,
O O .CWF]].O FC,>]>FC>C: .)<C>Q`.+  .C.WA C]>=>C,`K
C, `BKA.XX WCX5.W .]<F,O C@30@++ ^* Z_D=Z^D+ ID2ZO
.5.W.C).X [_7

22O C`X+ O C, O .C:O FC,>]>FC>C: .)<C>Q`. 5FW FC]WFAA.WX e>]< >B. .AgXO 
;1<@+31< 31 C@30@+ 31@;3/+ ^Z* [2D=[D_+ IDD_O
2DO O WWgO  :WK< ]<.FW.]>) KKWF)< ]F B]W>f >Cd.WX>FC $g KW]>]>FC>C:O C0;8 @)8+ 9*
I_2=I^7+ ID[_O
DiO O W.AO ]].)<W]X+  d>X`A 5FWBA>XB 5FW )FBKA.f XgX].BXO +1 3# 305C@; ;3*
(;00<+ 2D*_^I=_Z9+ ID2ZO
DIO O .>B>C: C,
O `Ch.O .6C>]>FC F5 ]<. ]<W..=]C@ $.C)<BW@ KWF$A.B 5FW )FC=
]WFAA.W W.)FC6:`W]>FCO C;351 31@;3/ 31#;1+ WAXW`<. IDDDO <]]K*\\eeeOW`<W=
`C>=$F)<`BO ,.\]KO
D_O O .WWBCCO C/+@@+F )/;+(13< +0 C@30@11@J 0  )+5 ;35C/<+31
1)0;.8 >KAFBW$.>]+  B$`W:=W$`W:+ _iiiO
D^O O O .WW>CO >C]>C$>A>]g KKA>)]>FCX `X>C: ]<. B]W>f   ].)<C>Q`.O  ;1<8+
=^i* _I_=_IZ+ ID2IO
D9O O O >BB.A$A`O C/@ @@+31 1 +(13<+< +1 )0+/ 1 @;3)0+/ ;3*
<<<O AX.d>.W+ BX].W,B IDZ2O
D7O
O O FK)WF5] C, O O WKO C A:FW>]<B 5FW Bf>B`B B])<>C:X >C $>KW]>]. :WK<XO
 
8 3058+ _* __7=_^I+ IDZ^O
D[O O O `C:+ O O ]C:.AO .X]W`)]`W$A. )FC]WFA `X>C: KWFKFW]>FCA=>C].:WA >BKA>)>]
BF,.A 5FAAFe>C:O
8 C+1 31@;3/ 1 I10+<+ I^* ^i^=^iD+ IDDiO
DZO O X.WBCCO WF).XX 5`A] ,.].)]>FC $X., FC BF,.AA>C: C, .X]>B]>FC B.]<F,X*  X`Wd.gO
C@30@++ _iL9M* ^2Z=9i9+ ID29O
D2O O X.WBCCO C/@*+(13<+< I<@0<O KW>C:.W=.WA:+ .WA>C _ii[O
DDO O X.WBCCO `A] ,>:CFX>X F5 B)<>C.X d> KWB.].W .X]>B]>FC C, @CFeA.,:. KWF=
).XX>C:O C@30@++ _DL9M* 2I7=2^[+ IDD^O
IiiO O X.WBCC C, O AA/O W.C,X >C ]<. KKA>)]>FC F5 BF,.A=$X., 5`A] ,.].)]>FC C,
,>:CFX>X F5 ].)<C>)A KWF).XX.XO 31@;3/ 1(+1;+1( ;@++ 7L7M* ZiD=ZID+ IDDZO
IiIO O eX@> C, O O >BFCO `XA>]g >C ,.d>). $.<d>F`WO ;@+$+/ 1@//+(1+ _D* ^=^_+
ID2[O
Ii_O O h,>=BC$,>+ O BCC+ O AC@.+ O F)Q`.BKF]+ O O >XX>C:.W+ O O .WW>=
:C+ O O FF]XB+
O O .WWFCC. C, O )<W.>.WO )+5 5;35C/<+31 31@;3/ 1 ;31$(*
C;@+31O >C '^(+ KKO _27=^I7O
Ii^O O h,>=BC$,>+ O AC@. C, O ].$> L_ii^MO <.K ,>:CFX>X `X>C: X]W`)]`WA
BF,.AA>C: C, 5`hhg=AF:>) $X., ,.].)]>FCO 31@;3/ 1(+1;+1( ;@+ dFAO IIL9M KK
9I7=9_IO
Ii9O
O X@XXFCO C FC=A>C. ]<W.X<FA, X.A.)]FW 5FW 5FW 5>A`W. ,.].)]>FCO ;38 1@8 31#8 31 C/@
+(13<+<   + KKO [_2=[^9+ F`AF`X. IDD^O
Ii7O O h,>=BC$,> C, O AC@.O <>K KWFK`AX>FC XgX].B X  $.C)<BW@ 5FW 5`A]=
]FA.WC] )FC]WFAO .)<C>)A W.KFW]+ FC]WFA C:>C..W>C: .K]O+ A$FW: C>d.WX>]g+ .C=
BW@ IDD2O
Ii[O O h,>=BC$,> C, O AC@.O  X<>K KWFK`AX>FC XgX].B X  $.C)<BW@ 5FW 5`A]=
]FA.WC] )FC]WFAO 31@;3/ 1(+1;+1( ;@++ Z* __Z=_^D+ IDDDO
IiZO O h,>=BC$,>O C/@*3/;1@ C5;F+<3;I 31@;3/ " I<@0 1/I<+< 1 3(+
<+(1O < ]<.X>X+ .K]O F5 FC]WFA C:O+ A$FW: C>d.WX>]g+ .CBW@ IDDDO
Ii2O O
AF].O C/@ 3/;1 +1 +<@;+C@ I<@0<O W.C]>).=AA+ IDD9O
IiDO O O
he>CX@>O @3)<@+ ;3<<< 1 +/@;+1( )3;IO ),.B>) W.XX+ IDZiO
IIiO O O
.CC>C:X+
O O FKA. C, O O B,C>O .X>:C>C:  W.`X$A. )FFW,>C]>FC BF,=
`A. 5FW )FFK.W]>d. >C,`X]W>A )FC]WFA KKA>)]>FCO  ;3+1(< 31 31@;3/ )3;I 1
55/+@+31<+ KKO DI=Ii_+ IDD[O
IIIO O O AA.XJ.O `A] .].)]>FC C, XFA]>FC >C .C]W>5`:A `BKXO < ]<.X>X+ 5;@*
01@ 3# 31@;3/ 1(+1;+1( 1 ;C1#3< ?+ _ii7O
II_O O WCFKK C, O O FX.C$.W:O I<@0< I10+<8  1+$ 55;3)O >A.g C].W=
X)>.C).X+ .e FW@ IDZ7O
[_[ .5.W.C).X

II^O O >CC.W]+ O .C:O .X>,`A :.C.W]>FC 5FW X.CXFW C, )]`]FW 5`A] ,.].)]>FC C, >XF=
A]>FC+  5W.Q`.C)g ,FB>C KKWF)<O 1@;18
8 31@;3/ [I* I9_^=I9^7+ IDD7O
II9O O >CC.W]+ O WC)>)+ O .CFA>C+ O
`W>)>) C,
O .]WFd)>)O F,.A=$X., 5`A] ,.].)=
]>FC C, >XFA]>FC 5FW :X=A>Q`>, X.KW]>FC `C>]O 31@;3/ 1(+1;+1( ;@++ 2* I_Z^=
I_2^+ _iiiO
II7O O F@WO C )FCX>X].C] XgB$FA>) W.KW.X.C]]>FCX F5 :.C.WA ,gCB>) XgX].BXO 
;1<8+ =9i* I_^I=I_9_+ IDD7O
II[O
O FW$>)h+
O FX)>.ACg+ O FeA)h`@ C, O <FA.eO C/@ +(13<+<O KW>C:.W=.WA:+
.WA>C _ii9O
IIZO O FeA.eX@>+ O C:.AA+
O W.>;>: C, O ]`WX$.W:O .W>6)]>FC F5 AF:>) )FC]WFAA.WX 5FW
)FC]>C`F`X KAC]X `X>C: ]>B., )FC,>]>FC\.d.C]=XgX].B BF,.AXO C@30@++ ^7* 7i7=7I2+
IDDDO
II2O O O WF:< C, O <`]>CCO FBK`]>C: KFAg<.,WA KKWFf>B]>FCX ]F 8Fe K>K.X 5FW
,gCB>) XgX].BXO  31#8 31 +<+31 1 31@;3/+ KK.W  =iI+ IDD2O
IIDO O `).WO 1/I<+< 1 <+(1 3# +<;@ +1; 31@;3/ I<@0<O W.C]>).=AA IDDIO
I_iO O O `<CO <. `C:W>C B.]<F, 5FW ]<. XX>:CB.C] KWF$A.BO F/ <;) 3(+<@+<
C;@;/I+ _* 2^=DZ+ ID7[O
I_IO O BK.W]> C, O C.AA+ +(13<+< 3# @+F I<@0<+ A`e.W ),.B>) `$A>X<.WX+
FW,W.)<] _ii^O
I__O
O O .::O FBK`].W>h., KKWF)< 5FW B]W>f=5FWB  O  ;1<8+ =_Z* _79=_7Z+
IDZ2O
I_^O O .>]FA, C, O O C:FXO ]W`)]`WA XFAd$>A>]g CAgX>X F5 ,gCB>) KWF).XX BF,.AXO
305C@;< 1 )0+/ 1(+1;+1(+ _7* I[^^=I[9[+ _iiIO
I_9O O >)<].C$.W:+
O `Ch.+ O )<.`W>C: C,
O )<WH,.WO WFh.;,>:CFX. B>]].AX Q`A>]]>d.W
F,.AA. B .>XK>.A .>C.X XX.WX]F55d.W,>)<].WXO C@30@+<+;C1(<@)1+.+ 9Z* IiI=IiD+
IDDDO
I_7O O >)<].C$.W: C, O ]..A.O C KKWF)< ]F 5`A] ,>:CFX>X `X>C: KWAA.A Q`A>]]>d.
F$X.Wd.WXO 3;.<)35 31 +<;@ F1@ I<@0<+ KKO _Di=_D7+ IDD[O
I_[O O O >CO ]W`)]`WA )FC]WFAA$>A>]gO  ;1<8+ =ID* _iI=_i2+ IDZ9O
I_ZO O O >CO gX].B X]W`)]`W. C, B>C>BA X]W`)]`W. )FC]WFAA$>A>]gO  ;1<8+ =__*
277=2[_+ IDZZO
I_2O O >CO >:CFX$>A>]g F5 ,>X)W.]. .d.C] XgX].BX C, >]X KKA>)]>FCXO +<;@ F1@ I*
10+ I<@0< )3;I 1 55/+@+31<+ 9* IDZ=_I_+ IDD9O
I_DO O >C C, O FC<BO C F$X.Wd$>A>]g F5 ,>X)W.].=.d.C] XgX].BXO 1#3;0@+31 +1<+
99* IZ^=ID2+ ID22O
I^iO O >C+ O O ,. C, O O .e.AAO `]K`] X]W`)]`WA )FC]WFAA$>A>]g )FC,>]>FC 5FW ]<.
XgC]<.X>X F5 )FC]WFA XgX].BX 5FW )<.B>)A KWF).XX.XO 1@8
8 I<@0< +8+ __* IiZ=I^_+ IDDIO
I^IO O >C,O F,.A>C: :FAX C, 5`C)]>FCX F5 )FBKA.f >C,`X]W>A KAC]XO 55/+ ;@+$+/
1@//+(1+ 2* _7D=_2^+ IDD9O
I^_O O ?`C:O I<@0 1@+$@+31 )3;I #3; @) <;O W.C]>).=AA+ IDDDO
I^^O O O FF]XBO $X.Wd.W=$X., 5`A] ,.].)]>FC C, >XFA]>FC 5FW CFCA>C.W XgX].BXO <OO
]<.X>X+ .KW]B.C] F5 FC]WFA C:>C..W>C:+ A$FW: C>d.WX>]g+ .CBW@ _iiIO
I^9O O FW.C]h.C C, O AC@.O C,`X]W>A `X. F5 X]W`)]`WA CAgX>X =  WK>, KWF]F]gK>C: ]FFA
>C ]<. K`$A>) ,FB>CO ;38  3;.<)35+ KKO I[[=IZI+ WAXW`<. _ii9O
I^7O O O F`+ O O >AAX@g C, O O .W:<.X.O K]>BAAg WF$`X] W.,`C,C)g W.A]>FCX 5FW
5>A`W. ,.].)]>FC >C `C).W]>C XgX].BXO C@30@++ __* ^^^=^99+ ID2[O
I^[O O `< C, O .>:A.WO $X]W)]>C: .d.C]=$X., )FC]WFA BF,.AX 5FW <>:< `]FCFBg XgX].BXO
 ;1<8+  =_^* 9_=79+ IDD^O
I^ZO O O `C`O  W.8.)]>d. W)<>].)]`W. 5FW KWF).XX )FC]WFA KKA>)]>FCXO C O @X>] C, O
]X`F@+ .,>]FWX+ :2= -@ ;+1@ ;3(;00+1(+ KKO IZi=I2DO KW>C:.W .WA:+
IDDZO
I^2O
O `Ch.O `A>]]>d. BF,.AA>C: F5 A>C.W ,gCB>)A XgX].BX e>]< Q`C]>h., X]]. B.X`W.=
B.C]XO C@30@++ ^i* 9IZ=9^I+ IDD9O
.5.W.C).X [_Z

I^DO
O `Ch.O D1<@/+) 1@//+(1J #D; 1(1+C; 1 BO A,.C$F`W:=.WA:+ bC)<.C
IDD7O
I9iO
O `Ch.O ]$>A>X]>FC F5 CFCA>C.W XgX].BX $g Q`A>]]>d. 5..,$)@ )FC]WFAA.WXO 1@;18
8
31@;3/+ [_* IiD=I_2+ IDD7O
I9IO
O `Ch.O C ]<. W@Fd KWFK.W]g F5 Q`C]>h., X]]. B.X`W.B.C] X.Q`.C).XO C@30@++
^9* I9^D=I999+ IDD2O
I9_O
O `Ch.O  ]>B., ,>X)W.].=.d.C] $X]W)]>FC F5 )FC]>C`F`X=dW>$A. XgX].BXO 1@;18
8 31*
@;3/+ Z_* II9Z=II[9+ IDDDO
I9^O
O `Ch.O >:CFX>X F5 Q`C]>X., XgX].BX $X., FC  ]>B., ,>X)W.].=.d.C] BF,.AO 
;1<8+  =^i* ^__=^^7+ _iiiO
I99O
O `Ch.+ C@30@+<+;C1(<@)1+.O A,.C$F`W:=.WA:+ bC)<.C _ii^O
I97O
O `Ch.O FBKA.f>]g W.,`)]>FC >C X]]. F$X.Wd]>FC F5 X]F)<X]>) `]FB]O 3;.<)35 31
+<;@ F1@ I<@0<+ KKO ^9D=^79+ .>BX _ii9O
I9[O
O `Ch.O FC]WFA W.)FC6:`W]>FC+ >C FK>) [O9^ FC]WFA gX].BX+ F$F]>)X C, `]FB=
]>FC+ .,>]., $g O C$.<`.CO >C C)g)AFK.,> F5 >5. `KKFW] gX].BX L M+ FAXX
`$A>X<.WX+ f5FW, _ii9O
I9ZO
O `Ch.O <. X]]. KW]>]>FC>C: KWF$A.B F5 Q`C]>h., XgX].BX+ >C AFC,.A+ O OY .:W.]X@>+
O* 1<3/F ;3/0< +1 @)0@+/ I<@0< 1 31@;3/ )3;I+ W>C).]FC C>d.WX>]g
W.XX+ KKO I^9=I^D+ W>C).]FC _ii9O
I92O
O `Ch.+ ;+(1+<+<.;@ I<@0O A,.C$F`W:=.WA:+ bC)<.C _ii[O
I9DO
O `Ch.+ FC]WFA W.)FC6:`W]>FC 5].W )]`]FW 5>A`W.X* <. :.C.WA>X., d>W]`A )]`=
]FWO  I053<+C0 31 C/@ @@+31 C5;F+<+31 1 #@I #3; )1+/ ;3<<<
67+ .>?>C: _ii[O
I7iO
O `Ch.+
O X@W>= WCC>+ O .A+ O O WC@+ O O .<>C+ O .>B>C:+ O .BFX+ O
W)`+ O ]F C, O ]WFXe>.)@>O <W.. ]C@ )FC]WFA W.)FC6:`W]>FCO C '^(O
I7IO
O `Ch.+
O X@W>= WCC> C, O .>B>C:O FC]WFAA.W W.)FC6:`W]>FC $X., FC Q`A>]=
]>d. BF,.A*  XFA`]>FC F5 ]<W..=]C@X $.C)<BW@ KWF$A.BO C;351 31@;3/ 31#;1+
WAXW`<. IDDDO
I7_O
O `Ch.+
O .>,>:* .).C]WA>X., ,>:CFX>X F5 `]FB] C.]eFW@XO 4>*@)  3;/
31(;<<+ KK.W <=i7=\9+ W:`. _ii7O
I7^O
O `Ch.+ O >f,FW5 C,
O )<WH,.WO .].WB>C>X]>) ,>X)W.].=.d.C] W.KW.X.C]]>FCX F5
)FC]>C`F`X=dW>$A. XgX].BXO C@30@++ ^7* IiI=IiD+ IDDDO
I79O
O `Ch. C, O )<>AA.WO F:>)=$X., KWF).XX ,>:CFX>X `]>A>X>C: ]<. )`XA X]W`)]`W. F5
,gCB>)A XgX].BXO ;5;+1@< 3# ?  ?  1@8 I058 31 ;@+$+/ 1@//+(1 +1
/*@+0 31@;3/+ KKO [9D=[79+ .A5] IDD_O
I77O
O `Ch. C,
O )<WH,.WO KKA>)]>FC F5 Q`A>]]>d. F$X.Wd]>FC C, KW.,>)]>FC ]F  C.`=
]WA>X]>FC KWF).XXO ;3+1(< 3# 4'@)  31(;<<+ I* 9D=79+ .>?>C: IDDDO
I7[O
O `Ch. C,
O )<WH,.WO WF).XX ,>:CFX>X $X., FC  ,>X)W.].=.d.C] ,.X)W>K]>FCO
C@30@+<+;C1(<@)1+.+ 9Z* ^72=^[7+ IDDDO
I7ZO
O `Ch. C,
O )<WH,.WO ]]. F$X.Wd]>FC C, ,>:CFX>X F5 ,>X)W.].=.d.C] XgX].BX ,.=
X)W>$., $g X]F)<X]>) `]FB]O +<;@ F1@ I10+ I<@0< )3;I 1 55/+@+31<+
II+ _iiIO
I72O
O `Ch. C,
O )<WH,.WO FCC.)]>FCX $.]e..C Q`A>]]>d. ,gCB>)A BF,.AX C, ]<.
WF$.C>`X=.WWFC FK.W]FW+ C@30@+<+;C1(<@)1+.+ 7I* 9ZI=9ZD+ _ii^O
I7DO
O `Ch. C,
O )<WH,.WO .CXFW C, )]`]FW 5`A] ,>:CFX>X F5 XgX].BX e>]< ,>X)W.].
>CK`]X C, F`]K`]X+  ;1<8+  =^9* IiD[=IIiZ+ _ii9O
I[iO
O `Ch. C, O ].55.CO FC]WFA W.)FC6:`W]>FC $g B.CX F5  d>W]`A )]`]FW+  I0*
53<+C0 31 C/@ @@+31 C5;F+<+31 1 #@I #3; )1+/ ;3<<< 6*
7+ X<>C:]FC _ii^O
I[IO
O `Ch. C, O ].55.CO FC]WFA W.)FC6:`W]>FC ,.BFCX]W]., ]  ]eF=,.:W..X=F5=5W..,FB
<.A>)FK].W BF,.A+ C;351 31@;3/ 31#;1+ B$W>,:. _ii^O
I[_O
O `Ch. C, O ].55.CO .@FC6:`W]>FC A>C.W.W gX].B. $.> @]FW= `C, .CXFW5.<A.WCO
C@30@+<+;C1(<@)1+.+ 9^+ _ii^O
[_2 .5.W.C).X

I[^O
O `Ch. C, O ].55.CO FC]WFA W.)FC6:`W]>FC 5].W )]`]FW 5>A`W.X `X>C: ,>X]`W$C).
,.)F`KA>C: B.]<F,XO  ;1<8 =7I L_ii[M FO DO
I[9O
O O )>.?FeX@>O ;+@+F 31@;3/ G+@) 31<@;+1@<O W.C]>).=AA+ _ii_O
I[7O O 55.hhFC>+ O .WWW>C> C, O WK.ChCFO $?.)] FW>.C]., BF,.AX 5FW ,dC)., `=
]FB]>FC .C:>C..W>C:O 2@) I053<+C0 31 1#3;0@+31 31@;3/ +1 1C#@C;+1(+ KKO _I=^I+
IDD2O
I[[O
O O :C> C, O F`gFCO C W.X>,`A :.C.W]>FC $g F$X.Wd.W C, KW>]g XK). K=
KWF)<.XO  ;1<8+ =^D* 99I=99Z+ IDD9O
I[ZO O <BF`,+
O
>C: C, O <C:O @+F C/@ 3/;1@ 31@;3/ I<@0< @3)<@+
1/I<+< 1 I1@)<+<O KW>C:.W=.WA:+ FC,FC _ii^O
I[2O O O C:F`$>O 3C<@ <@+0@+31 1 +/C; @@+31O KW>C:.W=.WA:+ IDD2O
I[DO O .g.W+
O = O . CC+ O F.<W.] C, O C?A$.W]O K]>BA X.A.)]>FC F5 X.CXFW AF=
)]>FC FC  )FBKA.f KAC] `X>C:  :WK< FW>.C]., KKWF)<O 305C@; )0+/ 1(8+ I2*
7^7=79i+ IDD9O
IZiO O O FFW.O W>C)>KA )FBKFC.C] CAgX>X >C A>C.W XgX].BX* )FC]WFAA$>A>]g+ F$X.Wd$>A>]g
C, BF,.A W.,`)]>FCO  ;1<8 =_[* IZ=^_+ ID2IO
IZIO O FWW> C, O ].K<CFKF`AFXO ]`,>.X >C ]<. XgC]<.X>X F5 )FC]WFA X]W`)]`W.X 5FW )<.B=
>)A KWF).XX.XO W] >>* ]W`)]`WA XK.)]X C, ]<. XgC]<.X>X F5 A].WC]>d. 5.X>$A. )FC]WFAO
 )
3C;1/+ 9i* _^_=_9[+ ID2iO
IZ_O O `WF]O I<@0< 1/I<+< I (;5)< 1 0@;3,<8 @;C@C;/ <3/F+/+@I 1 31@;3//*
+/+@IO KW>C:.W .WA:+ ID2ZO
IZ^O
O O <BCO 51+/+@I 3# 1(+1;+1( I<@0<O KW>C:.W=.WA:+ .WA>C _ii_O
IZ9O
O .>,>:+ O A@.C$.W:+
O `Ch. C, O W>]hO `A>]]>d. ,>:CFX>X F5 C `]FB]>d. >W
K]<O @5 +1@;1@+31/+ ^* ^Z=9_+ _ii7O
IZ7O O >@F`@<< C, O O BK$.AAO  B`A]>=BF,.A KKWF)< ]F 5>A`W. ,.].)]>FC >C `C).W]>C
XBKA.,=,] XgX].BXO C;351
3C;1/ 3# 31@;3/+II*I=II+ _ii7O
IZ[O O >.BCC+ C,
O ]F`X]W`KO C W)<>].)]`W. 5FW 5`A] ]FA.WC] )FC]WFAA.WXO 1@;1@+31/

3C;1/ 3# 31@;3/+ Z2* IiDI=IIIi+ _ii7O
IZZO O >.BCC C, O O F`AX.CO )]>d. 5`A] ,>:CFX>X >C )AFX.,=AFFK XgX].BXO  3;/
31(;<<+ W:`. _ii7O
IZ2O O >.BCCO `A F`A KWB.].W>h]>FCO  ;3+1(< * 31@;3/ )3;I 1 55/+*
@+31<+ I7i* 9D^=9DZ+ _ii^O
IZDO O >@>5FWFdO  X>BKA. W.)`WX>d. A:FW>]<B 5FW ,>:CFX>X F5 $W`K] )<C:.X >C X>:CAX C,
XgX].BXO 0;+1 31@;3/ 31#;1+ KKO ID^2=ID9_+ IDD2O
I2iO O O >@>5FWFdO  X>BKA. )<C:. ,.].)]>FC X)<.B.O +(1/ ;3<<+1(+ 2I* I9D=IZ_+ _iiIO
I2IO O >@F`@<<O CCFd]>FC :.C.W]>FC >C ]<. KW.X.C). F5 `C@CFeC >CK`]X* KKA>)]>FC ]F
WF$`X] 5>A`W. ,.].)]>FCO C@30@++ ^i* I27I=I2[2+ IDD9O
I2_O OO >.BCCO 3C<@ 31@;3/ C/@ +(13<+< 1 C/@*3/;1@ 31@;3/ *  @1;
@C5 55;3)O .)]`W. F].XO `]FB]>FC ] WX].,/+ _ii_O
I2^O O O >.BCC C,
O ]F`X]W`KO >C X)<.,`A>C: `X>C: ]<. F`A KWB.].W>h]>FCO 
31#;1 31 +<+31 1 31@;3/+ KKO _^i[=_^II+ <F.C>f IDDDO
I29O O O >.BCC C,
O ]F`X]W`KO .X>:C F5 5`A] ,.].)]FWX `X>C:  FK]>B>X]>FCO ;3*
+1(< 3# @) A2@)  31#;1 31 +<+31 1 31@;3/+ 9_^Z=9_^2+ _iiiO
I27O OO >.BCC C,
O ]F`X]W`KO .A>$A. )FC]WFA `X>C: ]<. KW>BWg C, ,`A F`A KWB=
.].W>h]>FCO '4<@  31#8 +<+31 1 31@;3/+ KKO 9^7^=9^72+ X .:X _ii_O
I2[O O >.BCC C,
O ]F`X]W`KO C W)<>].)]`W. 5FW `A] FA.WC] FC]WFAA.WXO 1@8
8 31*
@;3/+ Z2* IiDI=IIIi+ _ii7O
I2ZO O g$.W:O 3/ < C/@ +(13<+< @)3< )3;I 1 C@303@+F 1(+1 5*
5/+@+31<O < ]<.X>X+ >C@HK>C: C>d.WX>]g+ .KW]B.C] F5 A.)]W>)A C:>C..W>C:+ IDDDO
I22O O g$.W:O W>].W>FCX 5FW ,.].)]$>A>]g C, X]WFC: ,.].)]$>A>]g F5 5`A]X >C A>C.W XgX].BXO
1@;1@+31/
3C;1/ 3# 31@;3/+ Z* 9Di=7iI+ _ii_O
I2DO O O W,gXO 3/+1( 1 +0C/@+31 3# 3G; 1;@+31 /1@<8 KW>C:.W=.WA: IDD9O
.5.W.C).X [_D

IDiO O `A, F`BB+ O O .<>C C, O ]WFXe>.)@>O AWB 6A].W>C: $g )FBKFC.C] BF,=
.AA>C: C, $FC, :WK< KKWF)<O '@)  3;.<)35 31 1*/+1 C/@ @@+31 1 C*
5;F+<+31 +1 @) )0+/ ;3<< 1C<@;+< 6 *'7+ .F`A+ _iiIO
IDIO O O hd.W.C C, O >AAX@gO $X.Wd$>A>]g F5 ,>X)W.]. .d.C] ,gCB>) XgX].BXO 
;1<8+ =^7* ZDZ=2i[+ IDDiO
ID_O O KF`A>XO ;3+/+@I 130 ;+/< 1 @3)<@+ ;3<<<O )We=>AA+ ID[7O
ID^O O
O ]]FCO `A]=]FA.WC] )FC]WFA* <. IDDZ X>]`]>FCO  I053<+C0 31 C/@ @@+31
C5;F+<+31 1 #@I #3; )1+/ ;3<<<+ KKO Ii^^=Ii77+ `AA IDDZO
ID9O O
O ]]FC+ O O WC@ C, O O AW@ L,XMO C/@ +(13<+< +1 I10+ I<@0<
)3;I 1 55/+@+31O W.C]>). AA+ .e FW@ ID2DO
ID7O O
O ]]FCY O O WC@ C, O AW@ L,XOMO <<C< 3# C/@ +(13<+< #3; I10+/
I<@0<O KW>C:.W=.WA:+ FC,FC IDDDO
ID[O O `O +/C; +(13<+< 1 ;#3;01 31+@3;+1(O W).A .@@.W+ .e FW@ ID2IO
IDZO O gC].WO 1/I<+< 1 <+(1 3# 1(+1;+1( I<@0<O  W.XX+ ID[IO
ID2O O .C:+ O F`XXF`5+ <O W]. C, O >CC.W]O  )FBKA.]. KWF).,`W. 5FW W.X>,`A :.C=
.W]>FC C, .dA`]>FC e>]< KKA>)]>FC ]F <.] .f)<C:.WO  ;1<8+ =7* 79_=777+
IDDZO
IDDO O .C:+ WC)>)+ O C, O C`XO C]>=e>C,`K+ $`BKA.XX+ C, )FC,>]>FC., ]WCX5.W ].)<=
C>Q`.X 5FW   )FC]WFAA.WXO  31@;3/ I<@0 (J+1+ Ii* 92=7Z+ IDD[O
_iiO O FW]>CA.O .<d>F`WA K.]W> C.]X*  BF,.A 5FW ,>:CFX]>) @CFeA.,:. W.KW.X.C]]>FC C,
W.XFC>C:O  ;1<8+  =_Z* I29=ID7+ IDDZO
_iIO O
O O >?K.WX+ O W.>X>: C, O .>XXO  ,>X)W.]. BF,.AA>C: KWF).,`W. 5FW )FC]>C`F`X
KWF).XX.X $X., FC X]]. ,>X)W.]>h]>FCO ;38 B1   31#8 KKO I2D=ID9+ >.CC
IDDZO
_i_O O O FKK.WO 31-@C;< 1 #C@@+31<8 F`]A.,:. C, .:C `A+ FC,FC ID[^O
_i^O O= O W`,CgO ;/ 355; 1 )+/3<35) C;CH8 WXX.]+ W>X _ii_O
_i9O
O >X)<O FC,.].WB>C>X]>) `]FB] X KKWFf>B]>FCX 5FW )FC]>C`F`X XgX].BX 3 C K=
KWF)< e>]< C ,?`X]$A. ,.:W.. F5 ))`W)gO  I053<+C0 31 @)0@+/ 3*
//+1(+ KKO ID7=_i_+ IDDZO
_i7O O B,:. C, O FC<BO `K.Wd>XFWg )FC]WFA F5  )AXX F5 ,>X)W.]. .d.C] KWF).XX.XO
 
8 31@;3/ 1 5@+0+J@+31+ _7* _i[=_^i+ ID2ZO
_i[O O O `)<O `]FCFBF`X )FC]WFA W.)FC6:`W]>FCO  31@;3/ I<@0< (J+1+ KKO
^Z=92+ .).B$.W IDD7O
_iZO O
O .>CX)<@.O C/@+F;+/ 31@;3/  ;5) )3;@+ 55;3)O KW>C:.W=.WA:+
ID22O
_i2O O O O >$.>WF+ O O
)F$>CC+ O O O , >Ad C, O O O >BO `A]=]FA.WC] dFA]=
:.5., KeB >Cd.W].W ) BF]FW ,W>d. XgX].BXO  ;1<@+31< 31 1C<@;+/ /@;31+<+
7I* 9^D=99[+ _ii9O
_iDO O $.W>+ O O ]FFWdF:.A C, O CC`]>O f)]+ ABFX] C, FK]>BA >CK`] ,.)F`KA.,
L,.Ag.,M F$X.Wd.WXO 1@8
8 31@;3/+ Z^* 77_=72_+ _iiiO
_IiO O BK]<+ O .C:`K]+ O 5FW]`C.+ O >CCBF<>,..C C, O .C.@.]h>XO >:CFX=
$>A>]g F5 ,>X)W.]. .d.C] XgX].BXO  ;1<8+ =9i* I777=I7Z7+ IDD7O
_IIO O BK]<+ O .C:`K]+ O 5`W]`C.+ O >CCBF<>,..C C, O .C.@.]h>XO >A`W.
,>:CFX>X `X>C: ,>X)W.]. .d.C] BF,.AXO  ;1<8+ =9+ IDD[O
_I_O O )<>AA.W C,
O )<WH,.WO FB$>C>C: Q`A>]]>d. BF,.A=$X., ,>:CFX>X C, F$X.Wd]>FC
e>]< 5`A]=]FA.WC] XgX].BXO  300C1+@+31<+ I_* ZD=D2+ IDDDO
_I^O O )<>AA.W+
O )<WH,.W C,
O `Ch.O >:CFX>X F5 ]WCX>.C] 5`A]X >C Q`C]>X., XgX].BX+
1(+1;+1( 55/+@+31< 3# ;@+$+/ 1@//+(1+ I9* 7ID=7^[+ _iiIO
_I9O O )<>hX C, O
O dCXO  :WK< ]<.FW.]>) KKWF)< ]F B`A]>dW>$A.X )FC]WFA XgX].B
,.X>:CO C@30@++ IZ* ^ZI=^ZZ+ ID2IO
_I7O O )<A:.O .31$(C;@+31 +1; ;3J<<;(/C1( 0+@@/< F+;@C//0 .@3;O >KAFBW$.>]+
`<W=C>d.WX>]] F)<`B+ .<WX]`<A 5bW `]FB]>X>.W`C:X].)<C>@ `C, WFh.XX>C5FWB]>@+
_ii[O
[^i .5.W.C).X

_I[O
O )<WH,.W+ O )<>AA.W C,
O `Ch.O >:CFX>X F5 ]WCX>.C] 5`A]X >C Q`C]>X., XgX].BXO
 I053<+C0 31 C/@ @@+31 C5;F+<+31 1 #@I #3; )1+/ ;3<<<+ `=
,K.X]+ _iiiO
_IZO
O )<WH,.WO 3//+1( @@ <;F@+31 1 +(13<+< 3# C1@+< I<@0<O KW>C:.W=
.WA:+ .WA>C+ _ii_O
_I2O O .>,.C$.W:O C .A>B>C]>FC ]<.FWg 5FW ,>55.W.C]>A A:.$WO 1+F8 /+#3;1+ C/8 @)8+
^* ^I=[7+ ID7[O
_IDO O >BC>+ O C]`hh> C, O O ]]FCO 3/*< C/@ +(13<+< +1 I10+ I<@0<
<+1( 1@+$@+31 )1+9C<O KW>C:.W=.WA:+ _ii_O
__iO O @F:.X], C, O FX]A.]<e>].O C/@+F;+/ . 31@;3/ 1/I<+< 1 <+(1O
^W, .,>]>FC+ >A.g+ _ii7O
__IO O H,.WX]WHB C, O ]F>)O I<@0 1@+$@+31O W.C]>).=AA+ ID2DO
___O O W>C>dXC C, O
5W>O `A] ,.].)]>FC\BFC>]FW>C: `X>C: ]>B., K.]W> C.]XO  ;1<8+
 =_^+ IDD^O
__^O O ]W@.O <@;.@ C@30@1O .`]X)<.W .WA: ,.W >XX.CX)<5].C+ .WA>C+ ID[DO
__9O O ]WFXe>.)@>+ O F$AFX+ O >]F`)<.O `A] ]FA.WC). CAgX>X F5 X.CXFW XgX].BXO 
31#8 31 +<+31 1 31@;3/+ <F.C>f IDDDO
__7O O ]WFXe>.)@>O .X )]>FCC.`WX >C].AA>:.C]XO FC  1 ;/  /:/@;++@ + Z* ^i=^9+
IDDiO
__[O O ]WFXe>.)@>O `A] ]FA.WC] )FC]WFA* ]<. KX.`,F=>Cd.WX. B.]<F, W.d>X>].,O 4>*@) 
3;/ 31(;<<+ KK.W <=i7=\_+ W:`. _ii7O
__ZO O ]WFXe>.)@>O 5`A] ]FA.WC] )FC]WFA `X>C: C ,B>XX>$A. BF,.A B])<>C: KKWF)<O
*+ KK.W `IiO[+ .d>AA _ii7O
__2O O ]WFXe>.)@>O >X]W>$`]., XgX].B X`K.Wd>X>FC $X., FC >C].AA>:.C] >CX]W`B.C]XO 1@;1*
@+31/ 31#;1 31 C/@ +(13<+<   :2A+ F`AF`X. IDD^O
__DO O ]WFXe>.)@> C, O O .<>CO CAgX>X F5 XgX].B W.)FC6:`W$>A>]g `X>C: :.C.W>) )FB=
KFC.C] BF,.AXO   31@;3/:2!+ eCX. IDD2O
_^iO O ]WFXe>.)@> C, O gW]O < @+311C;< +1@//+(1@<O .WB1X+ W>X IDD9O
_^IO O ]WFXe>.)@> C, O gW]O F,.AX C, AC:`:.X 5FW ]<. >C].WFK.W$>A>]g F5 XBW]
>CX]W`B.C]XO C@30@++ ^_* 27D=2Z^+ IDD[O
_^_O O ]WFXe>.)@>+ O ]]F`)<. C, O O XXXO  :WK<>) KKWF)< 5FW W.)FC6:`W$>A>]g
CAgX>XO 4K@) 1@8 3;.<)35 31 ;+1+5/< 3# +(13<+<+ F)< e. IDDDO
_^^O O ]WFXe>.)@>+
O O XXW C, O .)A.W)@O  X]W`)]`WA 5WB.eFW@ 5FW ]<. ,.X>:C F5
 >C AW:. X)A. >C,`X]W>A KAC]XO C 'ID7(O
_^9O O ]WFXe>.)@> C, O .)A.W)@O CAg]>)A W.,`C,C)g >C CFC=A>C.W >C].W)FCC.)].,
XgX].BX $g B.CX F5 X]W`)]`WA CAgX>XO ? ?  31#8  : !2+ C)g+
WC).+ ID2DO
_^7O O ]WFXe>.)@> C, O O .<>CO CAgX>X F5 XgX].B W.)FC6:`W$>A>]g `X>C: :.C.W>) )FB=
KFC.C] BF,.AXO  :2! KKO II7Z=II[_+ eCX. IDD2O
_^[O O ]WFXe>.)@> C, O O .<>CO FC]WFA+ 5`A] ]FA.WC] )FC]WFA C, X`K.Wd>X>FC KWF$A.BXO
 I053<+C0 31 C/@ @@+31 C5;F+<+31 1 #@I #3; )1+/ ;3<<<+ `=
,K.X] _iiiO
_^ZO O ]WFXe>.)@>+ O F$AFX C, O >]F`)<.O `A] ]FA.WC). CAgX>X F5 X.CXFW XgX].BXO
 31#8 31 +<+31 1 31@;3/+ <F.C>f IDDDO
_^2O O ]WFXe>.)@> C, O FB].] W:O CAg]>)A W.,`C,C)g W.A]>FCX 5FW 5`A] ,.].)]>FC
C, >XFA]>FC >C A:.$W>) ,gCB>)A XgX].BX+ C@30@++ ^Z* [2Z=[DD+ _iiIO
_^DO O O >C:<+ O C]O CAgX>X F5  B`A]>K<X. >C,`)]>FC B)<>C. `C,.W 5`A] )FC,>]>FC >C
 K<X.=W.,`C,C] O)O ,W>d. XgX].BO /@;+ 0)+1< 1 3G; I<@0<+ _2* 7ZZ=7Di+
_iiiO
_9iO O ].55.CO 31@;3/ 31# +(C;@+31 3# I10+/ I<@0 +1; 55;3)< 1 @;C*
@C;/ <@<O KW>C:.W=.WA:+ .>,.A$.W: _ii7O
_9IO O O ].eW,O C C KKWF)< ]F ].)<C>Q`.X 5FW ]<. CAgX>X F5 ]<. X]W`)]`W. F5 AW:.
XgX].BX F5 .Q`]>FCXO   F+G+ 9* ^_I=^9_+ ID[_O
.5.W.C).X [^I

_9_O O O ]FFWdF:.A+ O O >.BCC+ O $.W> C, O CC`]>O K]>BA 5`A] X>:CA .X]>B]>FCO
1@;1@+31/
3C;1/ 3# 3C<@ 1 31/+1; 31@;3/+ I_* [DZ=Z_Z+ _ii_O
_9^O
O ]F`X]W`K C, O
O W>B$A.O C].:W]>C: )FC]WFA C, 5`A] ,>:CFX>X*  X.KW]>FC W.X`A]O
 I08 31 C/@ @@+31 C5;F+<+31 1 #@I #3; )1+/ ;3<<<+ KKO ^_^=
^_2+ `AA IDDZO
_99O
O ]F`X]W`K+ O
O W>B$A. C, OO >.BCCO .X>:C F5 >C].:W]., XgX].BX 5FW )FC]WFA
C, ,.].)]>FC F5 )]`]FW\X.CXFW 5`A]XO 1<3; F+G+ IZ* I7Z=I[2+ IDDZO
_97O
O ]F`X]W`K C, OO >.BCCO `A] ]FA.WC] 5..,$)@ )FC]WFA `X>C: ]<. F`A KWB.=
].W>h]>FCO C;351 31@;3/ 31#;1+ FW]F _iiIO
_9[O O ]`WX$.W:+ O FeA.eX@> C, O C:.AAO .C.W]>C: ]>B., ,>X)W.]. BF,.AX F5 )FC]>C`=
F`X XgX].BXO ;38 B1   31#8+ KKO _i^=_iD+ >.CC IDDZO
_9ZO O :>C+
O =O XXW+ O `K<>C=C:`g C, O ]WFXe>.)@>O FC,=:WK< BF,.AX
5FW ,>W.)] :.C.W]>FC F5 5FWBA 5`A] ,.].)]>FC XgX].BXO I<@0< 1/I<+< 3//+1( 1
+0C/@+31
8+ _^* I=IZ+ IDD[O
_92O O O AAB+ O O $.]A.W C, O O WA.gO WCX>.C] BF,.A 5FW >C,`)]>FC B)<>C.X
e>]< X]]FW e>C,>C: ]`WC 5`A]XO  ;1<@+31< 31 1C<@;I 55/+@+31<+ ^2* [^_=[^Z+
_ii^O
_9DO O O AAB+ O O $.]A.W C, O O WA.gO ]]FW e>C,>C: ]`WC=5`A] ,.].)]>FC 5FW
)AFX.,=AFFK >C,`)]>FC BF]FW ,W>d.XO  ;1<@+31< 31 1C<@;I 55/+@+31<+ ^D* Z_i=
Z_9+ _ii^O
_7iO O O g+ O O O W..AX C,
O O FFW.O +() ;#3;01 31@;3/O >W@<`X.W+ IDDZO
_7IO
O <FB C, O `A, F`BBO 3//+1( 1 <+0C/@+31 +1 @);0/ 1 )0+/
1(+1;+1(  31 (;5) 55;3)O KW>C:.W=.WA: .WA>C+ _iiiO
_7_O
O O <FBO 3;1 +/)I;C/+ 1(+1;+1(O W,. C, ].)<C>)A KW.XX ],+ FW,.C+
`WW.g IDZIO
_7^O O <FBX+ O B$FA>X+ O .X>F`W+ O C,W/+ O gW] C, O <F`@>WO W)<>].)]`WA
].)<C>Q`.X 5FW ]<. ,.X)W>K]>FC C, dA>,]>FC F5 ,>X]W>$`]., W.A=]>B. XgX].BXO B1  1*
@;1@+31/ I053<+C0 31 -@ 3;+1@ /*+0 +<@;+C@ 305C@+1( 6 :227+
KKO ^_^=^^I+ IDDDO
_79O
O O <FBX.CO  C/@ 3/;1@ /@;31+ @;+1( I<@0 #3;  3;. +#@ ;C.8 C].WCA
W.KFW]+ A$FW: C>d.WX>]g C, C5FXX \+ _iiiO
_77O
O O <FBX.C C, O AC@.O `A]=]FA.WC] A.)]W>)A ]..W>C: 5FW W.<F`X. W`)@XO
 :K> AB1 11C/ 31#;1 3# @)  1C<@;+/ /@;31+< 3+@I+
Fd.B$.W _ii[ LX`$B>]].,MO
_7[O O <g$FO C/@*3/;1@ 31@;3/ 3# 1F;@; 31@;3// 1C@+31 3@3;<O < <.X>X+
A$FW: C>d.WX>]g _iiiO
_7ZO O <g$F C, O AC@.O C,`X]W>A )FX]=$.C.6] XX.XXB.C] 5FW 5`A]=]FA.WC] )FC]WFA XgX=
].BXO ;38  31#;1 31@;3/+ eCX. IDD2+ KKO II7I=II7[O
_72O
O C:.W+ O WHC.W C, O WQ`W,]O ]W`)]`WA CAgX>X F5 ,>55.W.C]>A=A:.$W>) .Q`=
]>FC XgX].BX 3 ]<.FWg C, KKA>)]>FCXO 305C@;< 1 )0+/ 1(+1;+1(+ ID* 2[Z=
22_+ IDD7O
_7DO O
O .>AA.]].+
O O .,C> C, O O .W@>CXO .X>:C F5 W.A>$A. )FC]WFA XgX].BXO 
;1<8+ =^Z* _Di=^i9+ IDD_O
_[iO O >XeC,<B+
O O gAFW C, O O `).O  5W.Q`.C)g=,FB>C KKWF)< ]F 5>A`W.
,.].)]>FC C, >XFA]>FC e>]< KKA>)]>FC ]F =_I ]`W$>C. .C:>C. )FC]WFA XgX].BO 31@;3/*
)3;I 1 F1 )13/3(I+ ^* 97=Z_+ ID2ZO
_[IO O A].W C, O WFCh]FO 1@+$@+31 3# ;0@;+ 3/< #;30 H5;+01@/ @O
KW>C:.W+ IDDZO
_[_O O C: C, O O .AA>.WO >B. e>C,FeX* `]FB]., $X]W)]>FC F5 )FC]>C`F`X=]>B. BF,=
.AX >C]F ,>X)W.].=.d.C] BF,.AX >C <>:< `]FCFBg XgX].BXO 1@8
8 1;/ I<@0<+ ID* _9I=
_[_+ IDDIO
_[^O
O >AA.BXO W,>:BX C, K`hhA.X >C ]<. ]<.FWg F5 ,gCB>) XgX].BXO  ;1<8+ =^[*
_7D=_D9+ IDDIO
[^_ .5.W.C).X

_[9O O O FC<BO  )FC]WFA ]<.FWg 5FW ,>X)W.].=.d.C] XgX].BO C O


O .C<B C, O
O
`$+ .,>]FWX+ F1 305C@+1( 315@< 1 )1+9C< +1 31@;3/ 1(+1;+1(+ KKO
I_D=I[D+ KW>C:.W=.WA:+ ID22O
_[7O O O `O Fd.W:. >C 5`A]=]FA.WC] )FC]WFAO C@30@++ 9i* 7^Z=792+ _ii9O
_[[O O O ` C, O
O <.CO .A>$>A>]g KW.,>)]>FC 5FW X.A5=W.K>W>C: 8>:<] )FC]WFA XgX].BXO
;38 A%@)  31#;1 31 <++31 1 31@;3/+ F$. IDD[O
_[ZO O O ` C, O
O A>WO K]>BA W.,`C,C)g BC:.B.C] >C W.)FC6:`W$A. )FC]WFA XgX=
].BX $X., FC CFWBA>X., CFCXK.)>6)>]gO 1@8
3C;1/ 3# I<@0< +1+ ^I* ZDZ=2i2+
_iiiO
_[2O O O `+ O <F` C, O AFBFCO .)FC6:`W$>A>]g >C A>C.W ]>B.=>CdW>C] XgX].BXO
C@30@+ ^[* IZ[Z=IZZI+ _iiiO
_[DO O O `+ <C: C, <F`O .].)]>FC+ .X]>B]>FC C, ))FBBF,]>FC FC AFXX F5 )FC]WFA
.55.)]>d.C.XXO 1@;1@+31/
3C;1/ 3# 5@+F 31@;3/ 1 +(1/ ;3<<+1(+ _iiiO
_ZiO O O `+ O <dBC>+ O O <C: C, O AC@.O .CXFW 5`A] BX@>C: F5  X<>K
KWFK`AX>FC XgX].B+ 31@;3/ 1(+1;+1( ;@++ _ii[ L>C KW>C]MO
_ZIO O <C:+ O W>X>C> C, O O FAg)WKF`O ,K]>d. 5`A]=]FA.WC] )FC]WFA F5 CFCA>C=
.W `C).W]>C XgX].BX* C >C5FWB]>FC=$X., ,>:CFX]>) KKWF)<O  ;1<@+31< 31
C@30@+ 31@;3/+ =9D* I_7D=I_Z9+ _ii9O
_Z_O
O B/ C, O >CC.W]O WB.].W>h]>FC F5 A>C.W )FC]WFAA.WX 5FW $`BKA.XX Xe>])<>C:
>C B`A]>=)FC]WFAA.W X)<.B.XO ;3+1(< 3# @)   C+1 F+(@+31 1 31@;3/
31#;1+ WFd>,.C).+ <F,. XAC, _ii9O
_Z^O O C: C,
O ]F`X]W`KO .X>:C F5 WF$`X] W.)FC6:`W$A. )FC]WFA 5FW KWB.]W>) C, ,,>=
]>d. 5`A]XO A2@)  31#;1 31 +<+31 1 31@;3/+ KKO 9I^_=9I^Z+ g,C.g _iiiO
_Z9O O C: C, O AC@.O <. WF$`X] )FC]WFA B>f.W BF,`A. B.]<F, 5FW )FC]WFA W.)FC6:`W=
]>FCO 0;+1 31@;3/ 31#;1+ _iiiO
_Z7O O C:+ O h,>=BC$,> C, O AC@.O C=A>C. B`A]>KA.=BF,.A $X., ,K]>d. )FC=
]WFA W.)FC6:`W]>FC 5FW  )AXX F5 CFC=A>C.W )FC]WFA XgX].BXO #5;3<<+ `,K.X] _iiiO
_Z[O O ))W>C C, OO ..AO  )FBBFC 5WB.eFW@ 5FW C]>=e>C,`K+ $`BKA.XX ]WCX5.W C,
W.A>$A. ,.X>:CX+ C@30@++ ^2* IZ^7=IZ99+ _ii_O
_ZZO O <C:+ O XX.d>AA. C, O .Cd.C>X].O WAg eWC>C: F5 XA>:<] )<C:.X >C XgX].BXO
C@30@++ ^i* D7=II^+ IDD9O
_Z2O <C:+ O+ O XX.d>AA. C, O .Cd.C>X].O `A] .].)]>FC C, XFA]>FC >C FCA>C.W
gCB>) gX].BX*  FB$>C., CK`]=`]K`] C, F)A KKWF)<O C@30@++ ^9* I^7D=
I^Z^+ .Cd.C>X]. IDD2O
_ZDO O <F`+
O O FgA. C, O AFd.WO 3C<@ 1 5@+0/ 31@;3/O W.C]>). AA+ IDD7O
 * 

 ""!(#%#  )%"#


  %"#

1.1'/1@9 9D9=.6 (R  ( < = 5 ? ;RL7Z&  ) 24 <' 9 < ? X($R>L


9 ) 4 D 5( M[MR(;
9  
7M $::('  &/,/%-/A9 9F9>,D
% X(L[ 5>;>4(<(>UM M[MR(; 5M R5( M>:UR7>< 9  D 57M M>:UR7>< 7M $::(' R5(
RL7X7: M>:UR7><D
% / R5( 5>;>4(<(>UM M[MR(; 5M /(Y(L (EUR7><M R5< U<9<>Y<M& 7R 5M < 7<0<7R(
<U;(L >/ M>:UR7><MN 7< @LR7$U:L& 7R 5M  <><RL7X7: M>:UR7><D

=18 936  $>::($R7><  >/ ?6X($R>LM 7M  C>/8 92 7/  MR7M0(M R5( />:6
:>Y7<4 @L>@(LR7(M%
?D A+/9A8 A-8 C>/8 (>(/-B 5( MU; >/ RY> X($R>LM T <' U 7<  7M  X($R>L
T ' U R5R (:><4M R>  D
TD A+/9A8 A-8 9+8 ,A+>(2+(>(/-B 5( @L>'U$R >/  X($R>L U 7<  Y7R5 <[
M$:L & 7M  X($R>L &U R5R (:><4M R>  D
/  MR7M0(M R5(M( @L>@(LR7(M& 7R 7M M7' R> ( +/9 U<'(L X($R>L ''7R7>< <' M$:L
;U:R7@:7$R7><D
[^9 KK.C,>f I* FB. KW.W.Q`>X>].X FC d.)]FWX C, B]W>).X

/, 1"  .=8*C6 (R  ( < = 5 ? ;RL7Z <' :(R 0 ( 7RM UMM6L('U$(' />L;D
0
5( L<9 >/  7M R5( <U;(L >/ <><\(L> L>YM >/ D R 7M (EU: R> R5( <U;(L >/
:7<(L:[ 7<'(@(<'(<R L>YM >L $>:U;<M 7< ;RL7Z D

@936  X($R>L M@$(  7M  9A92 >/  X($R>L M@$(  7/ (X(L[ X($R>L 7<
 :M> (:><4M R>  D
(R  ) 24 ( < = 5 ? ;RL7ZD

#/*=*1/6 & 9A92 / 4 /-9(9>(-% / ++ 9/+A>(/-9 >/ >& &/,/%-/A9 +(-'
8 9F9>, 9   (9 ++ >& -A++ 92 / >& ,>8(E  - (9 -/> F
 $%5

#/*=*1/6 & 9A92 / 2 /-9(9>(-% / ++ C>/89 ! /8 D&(& >& 9F9>,


9  ! (9 /-9(9>-> (9 ++ >& /+A,- 92 / >& ,>8(E  - (9 -/> F
 $%5

6#(" (%2&' /)


.]
! (
 - +
 A
+ ) 
<. C`AA XK). F5  >X ]<. X`$XK). F5  )FCX>X]>C: F5 AA d.)]FWX F5 ]<. 5FWB
$ + $ +
- +
/  L " , ) # P " 0 )
0 ,
5FW W.A C`B$.WX L C, PO <. )FA`BC XK). F5  >X ]<. X`$XK). F5  )FCX>X]>C: F5 AA
d.)]FWX F5 ]<. 5FWB
! (

Q
+
5FW W.A C`B$.WX QO 7
'

1@8 "@/./=- 9@9396 (R  ( < = 5 ? ;RL7ZD 5( />UL /U<';(<R:


MUM@$(M >/  L(
% R5( /+A,- 92 >/ & '(<>R(' [ $%D
% R5( -A++92 >/ & '(<>R(' [  $%D
% R5( 8/D 92 >/ & Y57$5 7M R5( $>:U;< M@$( >/  <' '(<>R(' [  $%D
% R5( + > -A++92 >/ & Y57$5 7M R5( <U::M@$( >/  D R $><R7<M :: X($R>LM : MU$5
R5R  :  4& <' 7M '(<>R(' [  $ %D

@/./=- =(18. 1" -*/8 -'86 (R  ( < = 5 ? ;RL7Z >/ L<9 KD


5(<
KK.C,>f I* FB. KW.W.Q`>X>].X FC d.)]FWX C, B]W>).X [^7

% 5( $>:U;< M@$( >/  5M '7;(<M7>< KD


% 5( <U::M@$( >/  5M '7;(<M7>< ? 4 KD
% 5( L>YM@$( >/  5M '7;(<M7>< KD
% 5( :(/R <U::M@$( >/  5M '7;(<M7>< = 4 KD

6#(" (2. 2'&'1% /2/)/


.]
 
 - +
 A
+ ) 
$ + $ + 
- + 
 <. LW>:<]M C`AA XK). F5  <X  $X>X " , ) ' " 0 ) ] >X  X`$XK). F5 


0 ,
F5 ,>B.CX>FC _O ! ( 

 <. )FA`BC XK). F5  <X  $X>X A ] >X  X`$XK). F5  F5 ,>B.CX>FC IO
+
$ + 
 
 <. WFe XK). F5  <X  $X>X " - ) A ] >X  X`$XK). F5  F5 ,>B.CX>FC IO


+
 <. LA.5]M
! C`AA XK).
(  F5  >X ]<. X.] F5 XFA`]>FCX ]F ]<. B]W>f .Q`]>FC /     O ] <X 
,+
$X>X C, >X  X`$XK). F5  F5 ,>B.CX>FC IO 7 '


8=(1'1/- 9@9396 Y> MUM@$(M  <'  >/ R5( X($R>L M@$( 4 L( /8'
>&/%/-+ 7/ (X(L[ X($R>L 7 )  7M >LR5>4><: R> (X(L[ X($R>L 8 )  N R5R 7M&
7  8  4 />L :: 7 <' 8D

8=(1'1/- 1.3-./=6 7X(<  MUM@$(  >/ 4 & R5( M@$( >/ :: X($R>LM >L6
R5>4><: R>  7M $::(' R5( /8>&/%/-+ /,2+,-> >/  & <' 7M '(<>R('   D

1*/ / 1=(8 8*A=*A96 (L7XR7X(M >/ /U<$R7><M Y7R5 L(M@($R R> X($R>LM
L( (;@:>[(' Y5(< <><:7<(L M[MR(;M ( :7<(L7M('D < R5( '[<;7$ X($R>L (EUR7><
9  )$9( 6%( 9 )  4 ( 6 ) 2 A?D?B
Y( 7<RL>'U$( 90  94 9  <' 6
0  64 6  Y5(L( R5( >X(LL 7<'7$R(M R5( X:U( A/U<$6
R7><:B >UR Y57$5 R5( M[MR(; 7M R> ( R> :7<(L7M('D [:>L (Z@<M7>< >/ ED A?D?B
[7(:'M
)9 )
9 )0 9 D)$ %
9( 6 D)$ %
9( 6
 '  )$ % '
9( 6 0'
9 0 ' EEE
6
)P )P )P D9 D6
<' R5( 0LMR >L'(L (Z@<M7>< '(0<(M R5( :7<(L7M(' M[MR(;&
)0
9 D)$ %
9( 6 D)$ %
9( 6
 0'
9 0  0
6 0E
9 ' 6
)P D9 D6
[^[ KK.C,>f I* FB. KW.W.Q`>X>].X FC d.)]FWX C, B]W>).X

9 ) "9
 "6
#
5(
/(- 96 7M R5( ? 5 = ;RL7Z
$ +
D) D) D)
888
# DW DW. DT2 *
# *
# D) . D) . D) . *
888
D)$ % #
9( 6 # DW DW. DT2 *
*
# * A?DTB
D6 # DD DD DD DD *
# D D D D *
# *
" )
D) 4 D) 4 D) 4
888
DW DW. DT2
>/ @LR7: '(L7XR7X(M >/ R5( (<RL7(M >/ 0E
R5(L UM(/U: '(L7XR7X(M Y7R5 L(M@($R R>  X($R>L U L(
)
$7%  
)U
)
$7  %  
)U
) '
$7  7%  7   '  E
)U
 * '

%#  " %+ %"+

/=81@=*1/6 < R57M @@(<'7Z& '7//(L(<R <>R7><M >/ @L>7:7R[ R5(>L[ R5R L( UM('
>L ;(<R7><(' 7< $5@R(L P L( L7(2[ L(X7(Y('D UMM7< <' '. 6'7MRL7UR(' L<'>;
XL7:(M L( 0LMR @L(M(<R('D (ZR  M7;@:( 5[@>R5(M7M R(MR7<4 @L>:(; 7M MRR(' <'
M>:X(' [ R5( M>6$::(' '. R(MRD 5( MRR7MR7$M >/ R5( (;@7L7$: ;(< 7M <:[M(' 7< R5(
MUM(EU(<R M($R7><D 7<::[& R5( :MR @LR >/ R5( @@(<'7Z& Y57$5 7M :M> R5( ;7< ><(&
7M @L(M(<R7<4  L(X7(Y >/ <>R7><M >< $><R7<U>UM <' '7M$L(R(6R7;( L<'>; @L>$(MM(MD

@99*/ / '. )*9=8*@= 8/1. A8*-96  <>L;::[ '7MRL7UR(' L<'>;


XL7:( W Y7R5 ;(< > <' XL7<$( N . 7M $5L$R(L7M(' [ 7RM @L>7:7R[ '(<M7R[
/U<$R7><& C$W% Y57$5 5M R5( />L;
! (
" $W 4 >%.
C$W%  ; +WC 4 E ATD?B
N 1H 1N .
> 7<'7$R( R5R R5( @L>7:7R[ :Y >/ W&
$W%& 7M R5( UMM7< :Y Y7R5 ;(< > <'
XL7<$( N . & ><( UM(M R5( <>RR7><
$W%  $>( N . %D
5( @L>7:7R[ '(<M7R[ /U<$R7>< >/  <6'7;(<M7><: UMM7< L<'>; X($R>L 9
Y7R5 ;(< . <' XL7<$(  5M R5( />L;
! (
" $9 4 .%  $9 4 .%
C$9%  / 3# 4 ATDTB
$1H%4 .  1

#,!+ (&&'1 (' '(11#('/


<. XgB$FA S L/M <X ]eF ,>55.W.C] B.C>C:X $Fd.O ] ,.CF].X .>]<.W  WC,FB dW>$A. Ld.)=
]FWM FW ]<. W:`B.C] F5 ]<. KWF$$>A>]g ,.CX>]g 5`C)]>FC XXF)>]., ]F ]<. )FCX>,.W., WC,FB
dW>$A. Ld.)]FWMO <. ,>X]>C)]>FC X<F`A, $. )A.W 5WFB ]<. )FC].f]O 7
'
[^2 KK.C,>f _* F]>FCX F5 KWF$$>A>]g ]<.FWg

><M7'(L <>Y  M(R >/ 7<'(@(<'(<R <>L;::[ '7MRL7UR(' L<'>; XL7:(M W , &
4  "( EEE( )& ($5 >/ R5(; Y7R5 \(L> ;(< <' U<7R XL7<$( A
$W, %  $4( "%( 4 
#
3
"( E E E ( )BD 5(< R5( '7MRL7UR7>< >/ R5( L<'>; XL7:( X  W., 7M '(<>R(' [
,
'. $)%& <' 7R 7M $::('  $576MEUL( '7MRL7UR7>< Y7R5 ) '(4L((M >/ /L(('>;D RM ;(<
7M (EU: R> )& <' 7RM XL7<$( 7M 1)D
3#
/
$W, %  $>, ( "%( 4  "( E E E ( )& R5( '7MRL7UR7>< >/ X  W., 7M '(<>R('
,
'. $)( :%D R 7M <>Y  $576MEUL( '7MRL7UR7>< Y7R5 ) '(4L((M >/ /L(('>; <' Y7R5
3#
<><6$(<RL:7R[ @L;(R(L :  >., D RM ;(< 7M (EU: R> ) ' :& <' 7RM XL7<$( 7M
,
1) ' :D

7R5 R5(M( '(0<7R7><M 7< ;7<'& R5( M7$ 5[@>R5(M7M R(MR7<4 @L>:(; $< <>Y (
MRR(' <' '(:7X(L' R> R5( '. 6R(MRD

9* (D31=(9*9 =9=*/' 381-. / '. )=9=6 ><M7'(L R5( />::>Y7<4 @L>:(;%

81-.6 9* (D31=(9*9 =9=*/' (C- 92   8+(9>(/- /  -/8,++F (9'


>8(A> 8-/, C>/8 9 / (,-9(/- ? D(>& C8(- 
>8,(- D&>&8 92 (9  8+(9>(/- /  8-/, C>/8 9 D(>& G8/ ,- /8
-/-'G8/ ,- -,+F &//9 >D- >& /++/D(-% >D/ &F2/>&99
2 
$9%  $4( %
 
$9%  $.( % D&8 . (9 - A-*-/D- -/-'G8/ C>/8
5( 7<'(Z = UM(' >X( MR<'M />L I;(MUL('ID
> M>:X( R5( @L>:(;& 7R MU/0$(M R> L(:7M( R5R R5( L<'>; XL7:( X  9  9
5M  '. '7MRL7UR7>< U<'(L 5[@>R5(M7M 2 D <'(('& M7<$(  7M @>M7R7X( '(0<7R(& 7R $<
( /$R>L7M(' M    00  [ 5>:(M97 /$R>L7MR7><D (R 9
0 0  9& <' $><M7'(L
0 U<'(L 5[@>R5(M7M 2 %
R5( XL7<$( >/ 9

$0
99 0  $99 %
0 %   0   
0 
00 
0  
4 (

Y5(L( R5( MU@(LM$L7@R 4 MR<'M />L 7<X(LM( RL<M@>M(D M R5( XL7<$( >/ W 0 7M R5(
7'(<R7R[ ;RL7Z& 7RM $>;@><(<RM& 90 , ( 4  "( E E E ( ? L( 7<'(@(<'(<R <'
$0
9, % 
$4( "% U<'(L 5[@>R5(M7M 2 D 7<::[& <>R7$7<4 R5R
4&
3
  
X9 09
99 0 0., (
W
,

><( '('U$(M R5R X 7<'((' 5M  '. $?% '7MRL7UR7>< U<'(L 5[@>R5(M7M 2 D
5UM  MR<'L' '. 6R(MR $< ( UM(' R> $5($9 Y5(R5(L X2  92  92 7M 
L(:7MR7>< >/  '. $?% L<'>; XL7:(D 57M R(MR L(:7(M >< R5( '. MRR7MR7$: R:(
KK.C,>f _* F]>FCX F5 KWF$$>A>]g ]<.FWg [^D

R5R @L>X7'(M& />L  47X(< @L>7:7R[ >/ /:M( :L;& # A<;(:[ R5( @L>7:7R[ >/
$5>>M7<4  Y57:( 2 7M RLU(B&  R5L(M5>:' 3 MU$5 R5R%
)! $X / 3%  " 4 #( ATDSB
Y5(L( )! $X / 3% '(<>R(M R5( @L>7:7R[ >/ R5( (X(<R X / 3D
5( M>6$::(' '. 6R(MR R5(< M7;@:[ ;>U<RM R> R5( />::>Y7<4 >@(LR7><M%

-'18*=(. ?6? '. '9>


*A/
?D 92 &  L(:7MR7>< >/ R5( ?6'7;(<M7><: <>L;::[
'7MRL7UR(' L<'>; X($R>L 9 Y7R5 XL7<$( &
TD #&  @L>7:7R[ >/ /:M( :L;D
=8.*/
?D 5( R5L(M5>:' 3 R5R /U:0:M ATDSB /L>; R5( '. MRR7MR7$:
R:(D
TD X2  92  92 D
@=3@= $$(@R 2 7/ X2 / 3D
$$(@R  >R5(LY7M(D

==*9=*9 1" =( .3*8*- ./6 ><M7'(L  'R M;@:( #W2" ( E E E ( W2"4 $ Y5(L(
R5( W2", ( 4  "( E E E ( ? L( L(:7MR7><M >/ R5( L<'>; XL7:(M W, D 5( :RR(L L(
MMU;(' R> ( 7<'(@(<'(<R <' 7'(<R7$::[ '7MRL7UR('D (R =  $W, % <' N . 
$$W, 4 =%. % ( L(M@($R7X(:[ R5( ;(< <' R5( XL7<$( >/ W, A$E% '(<>R(M R5(
(Z@($RR7>< >/ R5( $><M7'(L(' L<'>; XL7:(BD 5( (;@7L7$: ;(< >/ R5( 'R
M;@:( 7M '(0<(' M
4
"3
W
 W, E
? ,
5( ;(< <' R5( XL7<$( >/ W
 L( L(M@($R7X(:[ 47X(< [
$
W%  =
N.
$$W 4 =%. %  E
?
< R5( M(EU(:& R5( @LR7$U:L $M( Y5(L( R5( '7MRL7UR7>< >/ R5( W, KM 7M UMM7< 7M

$><M7'(L('& <;(:[
$W, %  $=( N . %D 57M 7;@:7(M
$ W%  $=( B4 %D
> ( :( R> $5L$R(L7M( R5( EU:7R[ >/ R5( (MR7;R( >/ R5( ;(< @L>X7'('; [ R5(
(;@7L7$: ;(< ><( L(M>LRM R> R5( />::>Y7<4 L(MU:RD (0<( 4  K2 > ? 4 "&
[9i KK.C,>f _* F]>FCX F5 KWF$$>A>]g ]<.FWg

44
Y5(L( J .  4 , $W, 4 W %. 7M R5( (;@7L7$: XL7<$( >/ R5( M;@:(D 5(< 7R $<
( @L>X(< R5R 4 7M  RU'(<R L<'>; XL7:( Y7R5 ? 4 " '(4L((M >/ /L(('>;D
L>; R57M /$R& R5( $><0'(<$( L(47>< />L R5( ;(< $< ( $5L$R(L7M(' [
J2 J2
2 4 PC. ;
W ;=;W 2 ' PC. ; ( ATD3B
?4" ?4"
Y5(L(
% W
2 <' J4 2 L( L(:7MR7><M >/ R5(4
L<'>; XL7:(M W  <' J L(M@($R7X(:[& <;(:[
4 . 4
W
2  4 , W2", <' J2  4 , $W2", 4 W  2 %.
D
% PC. 7M MU$5 R5R D   / $W%)W  # Y7R5
! / $W%% R5( @L>7:7R[ '(<M7R[ /U<$R7>< MM>$7R(' R>  RU'(<R L<'>; XL7:(
Y7R5 ? 4 " '(4L((M >/ /L(('>;
! #% R5( @L>7:7R[ R5R = :7(M 7< R5( $><M7'(L(' 7<R(LX: ATD3B

#,!+ (11#(' ('3'1#('/


 ,>55.W.C] CF]]>FC <X $..C `X., $Fd. ]F ,.CF].  WC,FB dW>$A. FW d.)]FW C,  XK.)>6)
W.A>X]>FC F5 ]<>X dW>$A. FW d.)]FWO C BFX] F5 ]<. F]<.W X.)]>FCX+ ]<>X ,>X]>C)]>FC >X CF]
>C,>)]., .fKA>)>]AgY ]<. )FCX>,.W., F$?.)] X<F`A, $. )A.W 5WFB ]<. )FC].f]O 7
'

=1(9=* 3819996  MR>$5MR7$ A>L L<'>;B @L>$(MM 7M '(0<(' M  ;@@7<4


R5R MM>$7R(M R> ($5 R7;( 7<MR<R P 7<  M(R   L<'>; XL7:( W$P% A>L  L<6
'>; X($R>L 7< R5( $M( >/  X($R>L L<'>; @L>$(MMBD  L<'>; @L>$(MM R5UM @6
@(LM  < 7<0<7R( M(R >/ L<'>; XL7:(MD <( $< '7MR7<4U7M5 $><R7<U>UM <'
'7M$L(R(6R7;( MR>$5MR7$ @L>$(MM(M $$>L'7<4 M R5( XL7:( P (:><4M R>  $><R7<6
UU; >/ X:U(M >L R5( M(R  7M ;'( >/ R5( M;@:7<4 7<MR<RMD < R5( :RR(L $M(&
  #EEE( 4( 4( ( 1( EEE$ >L   #EEE( 4"( 4( "( 1( EEE$ Y5(< R5( M;@:7<4 @(L7>'
 7M $5>M(< M R5( R7;( U<7RD 7M$L(R(6R7;( MR>$5MR7$ @L>$(MM(M L( :M> $::(' L<6
'>; >< MR>$5MR7$ M(EU(<$(MD
5( <>R7>< >/ L<'>; @L>$(MM 7M UM(' R> ;>'(: EU<R7R7(M />L Y57$5 R5(L( 7M <>
Y[ R> @L('7$R < (Z$R X:U( R  /URUL( 7<MR<R >/ R7;(D 57M 7M R[@7$::[ R5( $M( />L
;(MUL(;(<R <>7M( />L 7<MR<$(D 5( >UR$>;( >/ < (Z@(L7;(<R 4(<(LR(M  M@($70$
>UR$>;( >L L(:7MR7>< >/  L<'>; @L>$(MM& Y57$5 7M  /U<$R7>< >/ R7;(D

*9=8*@=*1/ "@/=*1/ / 381*-*=D /9*=D "@/=*1/6  L<'>; @L>$(MM 7M


$>;@:(R(:[ $5L$R(L7M(' [ 7RM ?D+ 6>L'(L '7MRL7UR7>< /U<$R7>< A:M> $::(' $U;U:6
R7X( '7MRL7UR7>< /U<$R7><B& />L < L7RLL[ ?& '(0<(' M
 $W ( P + 8 8 8 + W4 ( P4 %  )! $W$P % / W ( 8 8 8 ( W$P4 % / W4 %(
P, 6 P- ( W ( 8 8 8 ( W4 ) ( P ( 8 8 8 ( P4 )  !) !(
Y5(L(
)! $W$P % / W ( 8 8 8 ( W$P4 % / W4 %
7M R5( @L>7:7R[ R5R R5( (X(<RM $W$P % / W %( 8 8 8 ( $W$P4 % / W4 % L( >M(LX(' 7< 
L(:7MR7>< >/ W$P%D
KK.C,>f _* F]>FCX F5 KWF$$>A>]g ]<.FWg [9I

<@LR7$U:L&R5(0LMR6>L'(LA$U;U:R7X(B'7MRL7UR7></U<$R7><7M'(0<('M$W(P%
)! $W$P%/ W%E R7MR5UMR5(@L>7:7R[>/R5((X(<R$W$P%/ W%D
5( @L>7:7R[ '(<M7R[ /U<$R7>< >/ R5( L<'>; @L>$(MM W$P%7M '(0<(' M R5(
'(L7XR7X( >/ R5( 0LMR6>L'(L $U;U:R7X( '7MRL7UR7>< /U<$R7>< Y7R5 L(M@($R R> W%
C$W( P% 99K
"K"D#
<' R5( ?D+ >L'(L @L>7:7R[ '(<M7R[ /U<$R7>< 7M%
D 4  $W ( P + 8 8 8 + W4 ( P4 %
C$W ( P + 8 8 8 + W4 ( P4 % 
DW 8 8 8 DW4

1./=9 1" 9=1(9=* 3819996 5( @L>@(LR7(M >/  L<'>; @L>$(MM W$P% $< (
/U::[ $5L$R(L7M(' [ 7RM ;>;(<RM '(0<('& />L R5( ?D+ 6>L'(L ;>;(<R M
 
K4 $P%  W4 C$W( P%)WE


5( 0LMR6>L'(L ;>;(<R >/  L<'>; @L>$(MM W$P% 7M $::(' 7RM ;(< >L 7RM (Z@($R('
X:U(&
 
>K $P%  WC$W( P%)WE


57M >@(LR7>< 7M >/R(< '(<>R(' >K $P%  $W$P%% Y5(L( II MR<'M />L R5( (Z@($6
RR7>< >@(LR>LD < R5( X($R>L $M(& .K $P% 7M  X($R>L Y7R5 R5( M;( '7;(<M7>< M
9$P% >/ Y57$5 R5( 4D+ (<RL[ 7M >R7<(' [ $>;@UR7<4 R5( >X( 7<R(4L: />L R5( 4D+
$>;@><(<R >/ 9$P%D < R5R $M(& C$9( P% 7M  M$:L /U<$R7>< >/ X($R>L 9 <' R7;( P
AM(( />L 7<MR<$( R5( @L>7:7R[ '(<M7R[ /U<$R7>< >/  UMM7< L<'>; @L>$(MM 7<
ATDPB (:>YBD
7;7:L:[& R5( ;(< MEUL( 7M '(0<(' M R5( M($><' >L'(L ;>;(<R
 
=MK $P%  W. C$W( P%)W  $W. $P%%E


5( XL7<$( >/ R5( MR>$5MR7$ @L>$(MM W$P% 7M R5( $(<R(L(' M($><' >L'(L ;>;(<R >/
W$P% AI$(<R(L('I 7<'7$R(M R5R R5( ;(< 7M MURL$R(' /L>; W$P%B&
 
.
NK $P%  $W 4 >K $P%%. C$W( P%)W  $$W$P% 4 >K $P%%. %E


>L  X($R>L MR>$5MR7$ @L>$(MM& R57M (Z@L(MM7>< R9(M R5( />L;


 
K $P%  $9$P% 4 .K $P%%$9 4 .K $P%% C$9( P%)9

 $$9$P% 4 .K $P%%$9$P% 4 .K $P%% %E
K $P% 7M R5UM  ;RL7Z >/ Y57$5 (<RL[ $4( 6% 7M 47X(< [
 
$W, 4 >K", %$W- 4 >K"- %C$9( P%)9E


5( 7<R(4L: 7M $RU::[  ;U:R7@:( 7<R(4L:N 7<R(4LR7>< 7M @(L/>L;(' >X(L ($5 $>;6
@><(<R >/ 9D
[9_ KK.C,>f _* F]>FCX F5 KWF$$>A>]g ]<.FWg

5( UR>$>LL(:R7>< /U<$R7>< >/  L<'>; @L>$(MM 9$P% 7M R5( 8>7<R ;>;(<R >/ R5(
L<'>; X($R>LM 9$P % <' 9$P. %&
 

KK $P ( P. %  $9$P %9$P. % %  9 9. C$9 ( P + 9. ( P. %)9 )9.


<' R5( AUR>B$>XL7<$( >/ 9$P% 7M 47X(< M


 KK $P ( P. %  $$9$P % 4 .$P %%$9$P. % 4 .$P. %% %E
57M 4(<(L:7M(M R> R5( $L>MM6$>XL7<$( >/ RY> L<'>; @L>$(MM(M 9$P% <' :$P%
'(0<(' M
 KL $P ( P. %  $$9$P % 4 .K $P %%$:$P. % 4 .L $P. %%%E
>MR >/R(< 7< (<47<((L7<4 @@:7$R7><M& ><( L(M>LRM R> R5( 0LMR <' M($><' >L'(L
;>;(<RM >/ R5( MR>$5MR7$ @L>$(MM(MN 5>Y(X(L R5(M( L( <>R MU/0$7(<R R> /U::[ $5L6
$R(L7M(  L<'>; @L>$(MM& (Z$(@R 7/ R57M @L>$(MM 7M <>L;::[ '7MRL7UR('D < R5( :RR(L
$M(& C$W( P% $>LL(M@><'M R> R5( Y(:: 9<>Y< UMM7< '7MRL7UR7>< Y7R5 ;(< > K <'
XL7<$( NK. A >L K 7< R5( X($R>L $M(B&
! (
" $W 4 >K $P%%.
C$W( P%  ; 3# 4 ( ATD1B
NK $P% 1H 1NK $P%.
<' />L < ?6'7;(<M7><: UMM7< L<'>; @L>$(MM&
! (
" $9 4 .K $P%% K $P% $9 4 .K $P%%
C$9( P%  / 3# 4 ATDPB
$1H%4 . K $P% 1

#,!+ #/.1"1#& .'(& ).(//


<. $Fd. ,.6C>]>FCX W. dA>, 5FW $F]< )FC]>C`F`X=]>B. C, ,>X)W.].=]>B. X]F)<X]>) KWF=
).XX.XO .AFe+ e<.C XK.)>6) .fKW.XX>FCX B`X] $. )FCX>,.W., 5FW ,>X)W.].=]>B. KWF).XX.X+ ]<.
X`K.WX)W>K]  ( e>AA $. `X., ]F >C,>)]. .fKA>)>]Ag ]<] BFB.C]X FW F]<.W Q`C]>]>.X W. XXF=
)>]., ]F ,>X)W.].=]>B. WC,FB KWF).XX.XO 7 '

==*1/8D 8/1. 381996  MR>$5MR7$ @L>$(MM 7M M7' R> ( MRR7><L[ A7< R5(
MRL7$R M(<M(B 7/ 7RM @L>7:7R[ '(<M7R[ /U<$R7><M >/ <[ >L'(L L( <>R //($R(' [ 
M57/R 7< R5( R7;( >L747<& <;(:[

C$W ( P + W. ( P. + 8 8 8 + W4 ( P4 %  C$W ( P ' -+ 8 8 8 + W4 ( P4 ' -%

/>L <[ L(: - <' <[ 7<R(4(L ?D


< R5( >R5(L 5<'&  Y(9:[ MRR7><L[ L<'>; @L>$(MM 5M R5( />::>Y7<4 @L>@(L6
R7(M%
% 7RM ;(< '>(M <>R $5<4( Y7R5 R7;(D
% 7RM $>XL7<$( $P ( P. % '(@(<'M >< P <' P. ><:[ R5L>U45 R5( '7//(L(<$( P. 4 P D
5UM $P ( P. %  $P. 4 P %  $$W$P ' P. 4 P % 4 >K %$W$P% 4 >K %%E
KK.C,>f _* F]>FCX F5 KWF$$>A>]g ]<.FWg [9^

 L<'>; @L>$(MM Y7R5 R5( >X( RY> @L>@(LR7(M 7M :M> M>;(R7;(M M7' R> ( MR6
R7><L[ 7< R5( Y7'( M(<M(D
RR7><L7R[ 7< R5( MRL7$R M(<M( 7;@:7(M Y(9 MRR7><L7R[& UR R5( $><X(LM( 7M <>R
RLU(& (Z$(@R 7/ W$P% 5M  UMM7< '7MRL7UR7><D
:(L:[ R5( @L>7:7R[ '(<M7R[ /U<$R7>< >/  UMM7< Y(9:[ MRR7><L[ L<'>;
@L>$(MM 7M 47X(< [ ATD1B >L ATDPB 7< Y57$5 R5( L4U;(<R P 7M $<$(::('D

.3*8*- ./ A8*/ / 1A8*/ 1"  9=1(9=* 381996 /R(< 7< @L$6
R7$(& ><:[ ><( >L  /(Y >UR$>;(M >/ < (Z@(L7;(<R L( X7::(& <' ><( 5M R> 7<6
/(L /L>; MU$5 'R  ;>'(: >/ R5( >M(LX(' @5(<>;(<><D < @LR7$U:L& ><( 5M R>
'('U$( R5( @L>@(LR7(M >/ ;(MUL(;(<R <>7M( /L>;  L(:7MR7>< >/ R57M <>7M(D  $:M6
M7$: @@L>$5 R> '> R57M 7M R> (MR7;R( R5( ;>;(<RM >/ R5( $>LL(M@><'7<4 L<'>;
@L>$(MM [ R7;( X(L4(MD 57M ;>U<RM R> MMU;7<4 R5R R7;( X(L4(M L( (EU:
R> (<M(;:( X(L4(M A7D(D (Z@($R(' X:U(MBN 7R 7M R5( M>6$::(' (L4>'7$ 5[@>R5(M7MD
>U45:[ M@(97<4& R57M 5[@>R5(M7M 5>:'M RLU( />L  MR>$5MR7$ @L>$(MM W$P% 7/& M Q
7<$L(M(M& R5( L<'>; XL7:(M A>L X($R>LMB W$P% <' W$P ' Q % ($>;( U<$>LL(:R('D
57M M7RUR7>< 7M EU7R( 4(<(L: 7< @L$R7$(D
>L  Y(9:[ MRR7><L[ (L4>'7$ $><R7<U>UM6R7;( MR>$5MR7$ @L>$(MM& R5( />::>Y7<4
(EU:7R7(M 5>:'
 
"
.K  $9$P%%   9$P%)P
  1 
 
"
KK $Q %  $9$P ' Q %9$P% %   9$P ' Q %9$P% )P
  1 

 KK $Q %  $$9$P ' Q % 4 .K %$9$P% 4 .K % %


 
"
  $9$P ' Q % 4 .K %$9$P% 4 .K % )PE
  1 

< @L$R7$(& ><:[  0<7R( <U;(L& M[  & >/ M;@:(M >/  L(:7MR7>< >/  MR>$5MR7$
@L>$(MM 7M X7::(D 5( 7<R(4L: 7< R5( >X( (Z@L(MM7><M $< ( (MR7;R(' /L>; R5(
'R M(R #9$"%( 8 8 8 ( 9$ %$ M

" 3

. 9$4%
 ,


 $4%
" 3
 
$9$4% 4 .%$9$4% E
4 .%
 ,

3=8- /9*=D 18 31B8 93=8@.6 < $:MM7$: $><RL>: (<47<((L7<4& RL<M/(L


/U<$R7><M L( (ZRL(;(:[ UM(/U: $>;@URR7><: <' <:[M7M R>>:MD > (Z@:>7R R5(; 7<
MR>$5MR7$ $><RL>: R5(>L[& R5( <>R7>< >/ @>Y(L M@($RLU; A>L M@($RL: '(<M7R[B 7M 7<6
RL>'U$('D [ '(0<7R7><& R5( @>Y(L M@($RLU; >/ R5( $><R7<U>UM6R7;( A'7M$L(R(6R7;(B
[99 KK.C,>f _* F]>FCX F5 KWF$$>A>]g ]<.FWg

MR>$5MR7$ @L>$(MM W$P% 7M R5( >UL7(L RL<M/>L; A'7M$L(R( >UL7(L RL<M/>L;B >/ 7RM
UR>$>XL7<$( /U<$R7><&
 
KK $B%  KK $Q % 3#$46BQ %)Q ATDOB

#
4 #
AKK $B%  4 KK $?% 3#$46B?%BD
>L  L<'>; X($R>L&  KK $B% 7M  ;RL7Z >/ Y57$5 ($5 (<RL[ 7M R5( >UL7(L RL<M/>L;
>/ R5( $>LL(M@><'7<4 (<RL[ 7<  KK D
5( <;( IM@($RL: '(<M7R[I UM(' />L KK $B% 7M 'U( R> R5( /$R R5R R5( XL7<$(
>/ R5( MR>$5MR7$ @L>$(MM $< ( L($>X(L(' R5L>U45
 
. "
NK  KK $B%)B ATD+B
1H 
< #
ANK#.  .< < KK $B%)BBD
ATD+B 7M >R7<(' [ R97<4 R5( 7<X(LM( >UL7(L RL<M/>L; >/ ATDOB <' M(RR7<4 R5(
R7;( M57/R (EU: R> \(L> 7< R5( L(MU:RD

6#(" (&)211#(' ( /)1.% '/#16 2'1#('


<. `]F)FdW>C). 5`C)]>FC F5  WC,FB KWF).XX Q L! >X :>d.C $g

99 M !  J *6  '


e<.W. J C, $ W. @CFeC dW>$A.XO <. XK.)]WA ,.CX>]g 5`C)]>FC 5FW ]<. Q L! KWF).XX >X

-J $
99 >! 
> #$
dA`]>FC F5 L_O2M g>.A,X

 -J $ J $  >
(>  * !

  J ' L_ODM
-D 
> #$ D $ $

X .fK.)]., X>C). 99 0!  J O 7


'

6#(" '"%#&#1 '(#/ 1!.(2 ! %(4")// %1.


>d.C  X]$A. AFe=KXX 6A].W e>]< ]<. ]WCX5.W 5`C)]>FC
"

I!  L_OIiM
I#"
e>]< >CK`] R L!+ e<>)< >X  $C,=A>B>]., WC,FB X>:CA e>]< `]F)FWW.A]>FC 5`C)]>FC

:: M !  J: *6  A
<. F`]K`] F5 ]<. 6A].W >X T L! e<FX. )FdW>C). J< X<F`A, $. ,.].WB>C.,O ]$>A>]g >BKA>.X
" 0 0 C, $ 0 0
KKAg>C: QO L_O2M
KK.C,>f _* F]>FCX F5 KWF$$>A>]g ]<.FWg [97


 -$ "
J<  J: (> 
-D > #$ > #"

$ +
 
J: -"  " $ $
J<  (> , (> ) 
$ , " ! -D > #" ! > #$ !
 
 %
- J:  $ 
J<  " D , D 
D $ ," - " -
$ , "! " "
J<  J:  J<  J: 7
' L_OIIM
$ ," "#$

1/=*/@1@9 / *98=)=*. B(*= /1*9 3819996  M$:L $><R7<U>UM6R7;(


Y57R( <>7M( @L>$(MM W$P% 7M  Y(9:[ MRR7><L[ $><R7<U>UM6R7;( L<'>; @L>$(MM
Y7R5 UR>$>XL7<$( /U<$R7><
KK $Q %  $$W$P ' Q % 4 >%$W$P% 4 >%%  M*$Q %( ATD?TB
Y5(L( IMI 7M  L(: $><MR<R $::(' 7<R(<M7R[ <' *$Q % 7M R5( 7L$ 7;@U:M(D >L 
X($R>L Y57R( <>7M( @L>$(MM& ATD?TB R9(M R5( />L;
 KK $Q %  $$9$P ' Q % 4 .%$9$P% 4 .% %  *$Q %( ATD?SB
Y5(L( R5( 7<R(<M7R[  7M  M(;76@>M7R7X( '(0<7R( ;RL7ZD
>L  Y57R( <>7M( @L>$(MM& R5( M@($RL: '(<M7R[ /U<$R7>< 7M $><MR<R%
KK $B%  M >L  KK $B%  E
 Y57R( <>7M( @L>$(MM 7M $:(L:[ < MRL$R7><& M 7R $>LL(M@><'M R>  @L>$(MM Y7R5
7<0<7R( XL7<$(D R $< ( M((< M R5( :7;7R7<4 $M( Y5(< % R(<'M R> 7<0<7R[ 7<
R5( 47X(< (Z;@:(& Y57$5 ;(<M R5R <> $>LL(:R7>< (Z7MRM (RY((< MU$$(MM7X( R7;(
7<MR<RMD 5( R(L; IY57R( <>7M(I $>;(M /L>; R5( <:>4[ Y7R5 R5( M@($RL: @L>@(LR7(M
>/ Y57R( :745RN :: /L(EU(<$7(M L( @L(M(<R Y7R5 R5( M;( 7<R(<M7R[ 7< R5( M74<:D
 Y57R( <>7M( M(EU(<$( 7M '(0<(' 7<  M7;7:L Y[ M 7RM $><R7<U>UM6R7;( $>U<6
R(L@LRD R 7M  Y(9:[ MRR7><L[ '7M$L(R(6R7;( @L>$(MM Y7R5 UR>$>XL7<$( 47X(<
[

# N. Q 4
KK $Q %  ATD?3B
4 Q  9"( 91( 8 8 8
#
7< R5( M$:L $M(D 5( MM>$7R(' M@($RL: '(<M7R[ YL7R(M KK $B%  N . D
 <'6:7;7R(' Y57R( <>7M( @L>$(MM 7M  L<'>; @L>$(MM Y5>M( M@($RL: '(<M7R[
7M $><MR<R >X(L  0<7R( L<4( >/ /L(EU(<$7(M& <' \(L> >URM7'( R57M L<4(D  <>7M(
M>UL$( R5R 5M  $><MR<R M@($RL: '(<M7R[ '>Y< R> \(L> /L(EU(<$[& <'  <'Y7'R5
>/  "L'QM# 7M '(0<(' [

# !B! / 
II $B%  ATD?1B
4 !B! 2 
[9[ KK.C,>f _* F]>FCX F5 KWF$$>A>]g ]<.FWg

U$5  MR>$5MR7$ @L>$(MM $< ( @@L>Z7;R(' M R5( >UR@UR >/  :7<(L '[<;7$:
M[MR(; Y7R5  Y57R( <>7M( 7<@UR <' Y7R5 $UR6>// /L(EU(<$[ O1H
M D 57M 7M R5(
MU8($R >/ R5( <(ZR M($R7><D

*-=8 B,-D 9==*1/8D 38199 / #-=8 B(*= /1*9 381996 ><M7'(L 
:7<(L R7;(67<XL7<R M[MR(; '(M$L7(' [

9$P%  9$P% ' 8$P% ATD?PB
:$P%  9$P% ' 7$P%( ATD?OB
Y5(L( 8$P% <' 7$P% L( ;URU::[ U<$>LL(:R(' Y(9:[ MRR7><L[ L<'>; @L>$(MM(M
Y7R5 ;(< <' @>Y(L M@($RL: '(<M7R[ -J (  J $B% <' -I (  I $B% L(M@($R7X(:[D
UL 7; 7M 0LMR R> $>;@UR( R5( @>Y(L M@($RL: '(<M7R[ >/ 9$P% <' :$P%D > R57M
(<'& :(R UM 7<RL>'U$( R5( />::>Y7<4 RL<M/(L /U<$R7><M% LJ $M%  $M
4 % 
<' KJ $M%  $M
4 % D 5(< M[MR(; ATD?PB& ATD?OB 7M M[;@R>R7$::[
MR:(& 9$P% <' :$P% L( MRR7><L[ MR>$5MR7$ @L>$(MM(M <' R5(7L M@($RL: '(<M7R[ 7M
L(M@($R7X(:[
 K $B%  KJ $6B%J $B% KJ $46B%
 L $B%  LJ $6B%J $B% LJ $46B% '  I $B%E ATD?+B
5( ;(< >/ :$P%& -L 7M $>;@UR(' /L>; -L  LJ $4%-J ' -I E
5(< 8$P% <' 7$P% L( \(L>6;(< Y57R( <>7M( @L>$(MM(M Y7R5 7<R(<M7R7(M  J
<'  I & ><( $< $>;@UR( R5( ;(< <' XL7<$( >/ 9$P% A-K $P% <' K $P%B '76
L($R:[ /L>; R5( MRR(6M@$( ;>'(:D (R -2 <' 2 '(<>R( R5( ;(< <' XL7<$( >/
R5( 7<7R7: MRR(& R5(< -K $P% <' K $P% L( 4>X(L<(' [ R5( />::>Y7<4 '7//(L(<R7:
(EUR7><M%
)-K $P%
 -K $P%( -K $4%  -2 ATD?=B
)P
)K $P%
 K $P% ' K $P% '  J   ( K $4%  2 ATDT]B
)P
5( XL7<$( >/ :$P% 7M '('U$(' /L>; ATD?OB& <;(:[
L $P%  K $P%  '  I E ATDT?B
/ ;>L(>X(L R5( :7<(L R7;(67<XL7<R M[MR(; ATD?PB& ATD?OB 7M M[;@R>R7$::[
MR:(& 9$P% R(<'M R>  Y(9:[ MRR7><L[ MR>$5MR7$ @L>$(MM Y7R5 \(L> ;(< <'
 47X(< M R5( M>:UR7>< >/ R5( />::>Y7<4 :4(L7$ [@U<>X (EUR7><
XL7<$(  K
 '
   '  J    E ATDTTB
K K

6#(" (3.#' %2%1#(' " ('1#'2(2/ 1#& /


 X]]>FCWg WC,FB X>:CA R L! <X ]<. `]F)FdW>C). 5`C)]>FC  :: M !  J: *6  .
e>X< ]F )A)`A]. ]<. dW>C). J: O
<. X>:CA R L! >X :.C.W]., $g  ,gCB>) LAFe KXXM 6A].W+
/
R L!  ,$R L! # -$J: Q L!'
KK.C,>f _* F]>FCX F5 KWF$$>A>]g ]<.FWg [9Z

e<.W. Q L! >X  e<>]. CF>X. e>]< >C].CX>]g O <. dW>C). F5 R L! >X F$]>C., 5WFB ]<. g=
K`CFd .Q`]>FC+
/ /
0  ,$ , $ # -$J: J: -$
 ,-$ # -$J:  0
   J:
e<>)< >X ]<. XB. W.X`A] X eX F$]>C., $g ]<. 5W.Q`.C)g ,FB>C )A)`A]>FC L_ODMO 7
'

6#(" (3.#' %2%1#(' " !# !")// %1.


 X]]>FCWg WC,FB X>:CA R L! e>]< ]<. `]F)FWW.A]>FC 5`C)]>FC  :: M !  J: *6  >X
KXX., ]<WF`:<  X]$A. <>:<=KXX 6A].W
I

I! 
I#"
e>]< ]<. .Q`>dA.C] X]].=XK). W.KW.X.C]]>FC
S L!  ,"S L! # "R L!
T L!  R L! , S L!A
.C).+ ]<. 6A].W )]>C: FC dL]M >X
! ( ! (! ( ! 2 (
( R L! ,$ 0 R L! J: -$
 # Q L!
(L S L! " ," S L! 0
! (
' R L!
T L!   ,
S L!
<. )FdW>C). >X XgBB.]W>)+
! ( ! (
J: J:; ! %
 
J;: J; % #
C, e>]< 9  + ]<. gK`CFd .Q`]>FC :>d.X
! (! ( ! (! (
,$ 0 ! % ! % ,$ "
# #
" ," % # % # 0 ,"
! 2 ( ! (
J: -$ 2 2 ' 0 0
# $J: - 0 
0 0 0
.Q`>dA.C] ]F ]<. ]<W.. )FC,>]>FCX
,-!$ # -J: $  0
,-#" # -%"  0
!" , % " # $!  0
e<>)< :>d.X
,-!$ # -J: $  0  !  J:
"
!" , % " # $!  0  %#
"#$
,-#" # -%"  0  #  %A
[92 KK.C,>f _* F]>FCX F5 KWF$$>A>]g ]<.FWg

.C).
! 
(
 
   J:
 

C,
"
J<     J: L_O_^M
"#$
e<>)< >X ]<. ,.X>W., W.X`A]O 7
'

7;7:L L(MU:RM $< ( >R7<(' />L R5( <:[M7M >/  '7M$L(R(6R7;( M[MR(; MU8($R
R>  Y57R( <>7M( 7<@UR M(EU(<$(D >L( M@($70$::[& $><M7'(L  '7M$L(R(6R7;( L<'>;
@L>$(MM '(0<(' M R5( >UR@UR >/ R5( />::>Y7<4 '7M$L(R(6R7;( :7<(L R7;(67<XL7<R
M[MR(;
9$7 ' "%  9$7% ' 8$7% ATDT3B
:$7%  9$7% ' 7$7%( ATDT1B
Y5(L( 8$7% <' 7$7% L( ;URU::[ U<$>LL(:R(' Y57R( <>7M( M(EU(<$(M Y7R5 XL76
<$( J <' I D
(R R5( ;(< <' XL7<$( >/ R5( 7<7R7: MRR( >/ M[MR(; ATDT3B& ATDT1B ( - 2
<' 2 L(M@($R7X(:[D 5( ;(< X:U( /U<$R7>< >/ R5( L<'>; M(EU(<$( 9$7% 7M R5(<
47X(< [
-#K $7 ' "%  -#K $7%( -#K $4%  -2
<' 7RM XL7<$( 7M R5( M>:UR7>< >/ R5( />::>Y7<4 '7M$L(R( [@U<>X (EUR7><
#K $7 ' "%  #K $7% ' J   ( #K $4%  2
/ R5( :7<(L R7;(67<XL7<R M[MR(; 7M M[;@R>R7$::[ MR:(& R5( L<'>; M(EU(<$(
9$7% R(<'M R>  MRR7><L[ @L>$(MM Y7R5 \(L> ;(< <' Y7R5 XL7<$(   # 47X(< M
K
 #  
R5( M>:UR7>< >/ R5( />::>Y7<4 '7M$L(R( :4(L7$ [@U<>X (EUR7><   #  '
K K
J D 5( XL7<$( >/ R5( $>LL(M@><'7<4 >UR@UR 7M $>;@UR(' /L>;
 #  
  #   ' I E
L K

/8=*1/ 1" 1-1@8 /1*96 < R5( @L(X7>UM M($R7><& ><( YM 47X(<  M[MR(; Y7R5
Y57R( <>7M( 7<@URM& <' ><( 5' R> $>;@UR( R5( M@($RL: '(<M7R[ >/ 7RM >UR@URD U7R(
>/R(<& R5( L(X(LM( @L>:(; 7M (<$>U<R(L('N ><( 5M R> 4(<(LR(  $>:>UL(' <>7M( Y7R5
 47X(< LR7><: M@($RL: '(<M7R[D >L R5( M9( >/ M7;@:7$7R[& ><:[ R5( $M( >/  M$:L
MR>$5MR7$ @L>$(MM 7M $><M7'(L('D U$5  $>:>UL(' <>7M( $< ( >R7<(' [ (<R(L7<4
 Y57R( <>7M( @L>$(MM 7<R> < @@L>@L7R( MR:( 0:R(L M 7<'7$R(' 7< 74D TD?D

 
  
    

     
  

    

+ 2+'+ FAF`W., CF>X. :.C.W]., $g  6A].W., e<>]. CF>X.


KK.C,>f _* F]>FCX F5 KWF$$>A>]g ]<.FWg [9D

5( $>;@URR7>< >/ R5( 0:R(L 7M M(' >< L(:R7>< ATD?+B Y7R5 I $B%  4 <'
J $B%  "&
L $B% 
LJ $6B%
LJ $46B%E ATDTPB
<RL>'U$7<4 M  6B& R5( L745R 5<' M7'( >/ ATDTPB $< ( YL7RR(<%
LJ $M% 
LJ $M%
LJ $4M% ATDTOB
5(< Z, AC, B 7M  \(L> A@>:(B >/
LJ $M%& 4Z, A4C, B 7M  \(L> A@>:(B >/
LJ $4M%D
(M7'(M& (X(L[ $>;@:(Z @>:( @@(LM Y7R5 7RM $>;@:(Z $><8U4R( 7< LJ $M%D 5(
@>:(M <' \(L>M >/ LJ $M% L( R5UM M[;;(RL7$ Y7R5 L(M@($R R> R5( 7;47<L[ Z7MD
(RR7<4 Z, ( 4  "( E E E ( = <' C
, ( 4  "( E E E ( ? '(<>R( R5( \(L>M <' @>:(M >/ LJ $M%
Y7R5 <(4R7X( L(: @LR& ><( $< >R7< R5( 0:R(L RL<M/(L /U<$R7><
$M% M
2
,
$M 4 Z, %

$M%  7 ,4 (
,
$M 4 C
, %
,

Y5(L( 7 7M  47< $5>M(< M> R5R L $4% 5M R5( '(M7L(' X:U(D

.3-*/'  -*/8 9=1(9=* *""8/=*- 7@=*1/6 ><M7'(L R5( '7//(L(<R7: (EU6


R7><

9$P%  9$P% ' 8$P%( ATDT+B
Y5(L( 8$P% 7M  \(L> ;(< Y57R( <>7M( @L>$(MM Y7R5 7<R(<M7R[ D M M((< >X(&
R5( $>XL7<$( >/ 8$P% 7M $8$P %8 $P. %%  *$P 4 P. %& <' R5( XL7<$( 7M R5UM
7<0<7R(D > X>7' ;R5(;R7$: '7/0$U:R7(M&  MR>$5MR7$ @L>$(MM
 R5R 7M />L;::[ R5(
7<R(4L: >/  Y57R( <>7M( @L>$(MM 7M 7<RL>'U$(' ;$P%  2 8$J%)JD ;$P% 7M $::('
 7(<(L @L>$(MM& <' R5( 7<0<7R(M7;: 7<$L(;(<R );$P%  ;$P ' )P% 4 ;$P% 5M
XL7<$( )P
7R5 R57M <>R7><& R5( '7//(L(<R7: (EUR7>< ATDT+B $< ( YL7RR(<
)9  9)P ' );E ATDT=B
<R(4LR7>< >/ ATDT=B >X(L ><( M;@:7<4 @(L7>'&  & [7(:'M
 ".$ #
9$$7 ' "% %  +  
9$7 % ' +"".$ # ># );$J%E ATDS]B
.
 ".$ # "".$ # >#
(0<( R5( L<'>; XL7:( %$7 %  . + );$J%E R 5M \(L>
;(< ($UM( ;$J% 5M \(L> ;(<D 5( L<'>; X($R>LM %$7 % <' %$4 % L( :M>
U<$>LL(:R(' />L 7 6 4& ($UM( R5( 7<$L(;(<RM >/ ; >X(L '7M8>7<R 7<R(LX:M L( U<6
$>LL(:R('D 5( XL7<$( >/ %$7 % 7M 47X(< [
[7i KK.C,>f _* F]>FCX F5 KWF$$>A>]g ]<.FWg

$%$7 %%$7 % %

 ".$ #  ".$ # 
 $ +"".$ # >#
);$J%);$P%   + "".$ # D#
. .

 ".$ # 
 +"".$ # >#
  + "".$ # >#
)JE
.

5UM R5( M;@:(' 'R ;>'(: MM>$7R(' R> ATDT+B $< ( YL7RR(<

9$$7 ' "% %  + 9$7 % ' %$7 %(


Y5(L( %$7 % 7M  M;@:( >/  '7M$L(R( R7;( Y57R( <>7M( M(EU(<$( Y7R5 XL7<$( 47X(<
[ ATDS?B
:$U:R7>< >/ R5( XL7<$( $  $%$7 %%$7 % % AU<7R 7M ""=C94PT)+. #B Y5(<
M;@:7<4 R5( $><R7<U>UM '7//(L(<R7: (EUR7>< Y7R5 Y57R( <>7M( 7<@UR A7<@UR 7<R(<M7R[
 ""=C94PT)+. OM#B />::>YM /L>; ED ATDS?BD 7R5 R5( UMU: @@L>Z7;R7>< >/ R5(
;RL7Z (Z@><(<R7:
" . .
+D 
' Q '  Q 4 EEE ATDS?B
1
 L@7' @@L>Z7;R7>< 7M R> 7<$:U'( ><:[ ><( R(L; 7< R5( M(L7(M (Z@<M7><D ( R5(<
4(R R5( @@L>Z7;R7><
$ ?   E ATDSTB
 * &

   %"" #

57M @@(<'7Z L(X7(YM R5( . <'  $><RL>::(L '(M74< />L MR<'L' M[MR(;MD 7LMR&
R5( $(<RL: $><RL>::(L M>:UR7>< 7M '7M$UMM(' <' R5(< :: MU>@R7;: . >L  $><6
RL>::(LM L( '(L7X(' [ UM7<4 6@L;(RL7MR7><D

 (&1-($$- .!&
><M7'(L  MR<'L' . '(M74< @L>:(; Y5(L( R5( M[MR(;  7M 47X(< [ R5( />:6
:>Y7<4 MRR(6M@$( L(:7MR7><%
$ +
  .
# *
"    . )E ASD?B
 . . 
>R7$( R5R R5( ;RL7Z  5M  M@($7: MRLU$RUL(D /  '>(M <>R 5X( R57M MRLU$RUL(&
7R 7M R5(< 7;@>MM7:( R> '(M74< < . $><RL>::(L />L R5( '(M74< @L>:(;D
>L R5( '(M74< >/ < >@R7;: . $><RL>::(L />L R5( M[MR(; 47X(< 7< ASD?B& M>;(
MMU;@R7><M ><  L( R5( />::>Y7<4%
% $(  . % 7M MR7:7M:( <' $ . ( % 7M '(R($R:(D
%  . 5M /U:: $>:U;< L<9& 7D(D  . 7M 7<8($R7X(D
%  . 5M /U:: L>Y L<9& 7D(D  . 7M MUL8($R7X(D

 &
 4 6B
.
% 5M /U:: $>:U;< L<9 />L :: BD
  .
[7_ KK.C,>f ^*  C,  )FC]WFAA.W ,.X>:C

 &
 4 6B

% 5M /U:: L>Y L<9 />L :: BD
. .
5( 0LMR MMU;@R7>< 7M />L R5( MR7:7R[ >/  [ >UR@UR /(('$9 <' R5( />ULR5 <'
0/R5 MMU;@R7>< R>4(R5(L Y7R5 R5( 0LMR 4UL<R(( R5R R5( RY> ;7:R><7< ;RL7$(M
MM>$7R(' Y7R5 R5( . @L>:(; (:>Y (:><4 R> /,3(4D 5( L<9 MMU;@R7><
4UL<R(( R5R R5( . >@R7;: $><RL>: @L>:(; 7M <><M7<4U:LD >Y(X(L& R5(M( M6
MU;@R7><M $< Y7R5>UR @L>:(;M ( L(:Z(' <' R5( @L>:(; $< MR7:: ( M>:X('& UR
R5( $><RL>::(L Y7:: <>R <($(MML[ ( U<7EU(D
5( . '(M74< @L>:(; 7M M />::>YM%

81-.6 & . /->8/+ 28/+, (9 >/ !-  28/28 8+'8>(/-+ /->8/++8


D&(& 9>(+(9  (->8-++F - ,(-(,(99 >& . -/8, / >& >8-9 8 ,>8(E  MJ
8/, V >/ Z5
5( >@R7;: M>:UR7>< R> R57M . '(M74< @L>:(; 7M 47X(< [ R5( />::>Y7<4 R5(>L(;D

(18.6 > >& 9F9>,  %(C- F 3?514 D&(& 9>(9!9 >& !C /-(>(/-9 %(C-
)A9>  >8 3?5145 &- >& /2>(,+ /->8/++8 (9 %(C- F
 &
 '  .  . ' .  . 4 .
.  ( ASDTB
. 
D&8  . - . 8 >& 9>> * %(- - >& /98C8 %(- /8 892>(C+F5
& >D/ %(-9 8 %(C- F
.  4$  .  . % $ .  . '   .  %

.  4$ .  . '   . %$ .  . % (


D&8  . , 4 -  . , 4 8 >& 9>(+(9(-% 9/+A>(/-9 / >& /++/D(-% >D/ (>(
6A>(/-9
    . '  .  '    4 $ .  . '    . %$  .  . % 8
8$ .  . '   .  %

   . '  .  '    4 $ .  . '   . %$ .  . % 8


8$ .  . '  .   %
(55
 4  . $  .  . % $ .  . '   .  %
-
 4 $ .  . '   . %$ .  . %  .
8 9>+5 /8/C8 >& . -/8, / >& +/9'+//2 >8-9 8 ,>8(E  MJ (9 %(C-
F
" MJ "..  "!  ".. ' " . ' "..  "! . ".. ' " ' ".. (
KK.C,>f ^*  C,  )FC]WFAA.W ,.X>:C [7^

D&8
 &  &
 ' .  .  ' .  .  ' .  .
!  ( '  E
 '  . . 


5( >X( $><RL>::(L 7M :M> <;(' M R5( $(<RL: . $><RL>::(LD ULR5(L& 7R 7M @>M6
M7:( R> '(L7X(  @L;(RL7MR7>< >/ :: . $><RL>::(LM Y57$5 ;9( R5( . <>L; >/
R5( $:>M(' :>>@ M;::(L R5<  M@($70(' :(X(: 1 [ UM7<4 R5( 6@L;(RL7MR7><D (
5X( R5( />::>Y7<4 L(MU:RD

(18.6 & ,(+F / ++ ,(99(+ /->8/++89 9A& >& " MJ ". ; 1 6A+9 >&
9> / ++ >8-9 8 ,>8(9 8/, Y >/ T (- / $. ( % D&8
$ +
 ' .  . ' .  . 4 .  .
# *
.  " . 
)
4 .

- D&8  ) . ( "".. ; 1 . 4 $"!  ".. ' " . ' ".. %5

 1/=81--8 9*'/6 <  MR<'L'  '(M74< @L>:(; Y5(L( R5( M[MR(;  7M


47X(< [ R5( MRR(6M@$( L(:7MR7>< 7< ASD?BD 5( M@($7: MRLU$RUL( />L R5(  ;RL7Z
7M L(R7<('D /  '>(M <>R 5X( R57M MRLU$RUL(& :>>@ M57/R7<4 R($5<7EU( $< ( UM('
MU$5 R5R R5(  '(M74< @L>:(; 7M RL<M/>L;(' R> 5X( R5( M[MR(;KM  ;RL7Z 7<
R5( L(EU7L(' >//6'74><: />L;D
47<& 7R 7M MMU;(' R5R R5( M[MR(;  MR7M0(M R5( />::>Y7<4 $><'7R7><M& 5(<$(
R5( MU>@R7;:  $><RL>::(L (Z7MRM%
% $(  . % 7M MR7:7M:( <' $ . ( % 7M '(R($R:(D
%  . 5M /U:: $>:U;< L<9& 7D(D  . 7M 7<8($R7X(D
%  . 5M /U:: L>Y L<9& 7D(D  . 7M MUL8($R7X(D

 &
 4 6B
.
% 5M /U:: $>:U;< L<9 />L :: BD
  .
 &
 4 6B

% 5M /U:: L>Y L<9 />L :: BD
. .
M(' >< R5( '(M$L7@R7>< >/ R5( M[MR(; & R5( />::>Y7<4 />L;U:R7>< >/ R5( MU6
>@R7;:  '(M74< @L>:(; 7M >R7<('%

81-.6 > 1 2 4  %(C-5 9(%-  28/28 8+'8>(/-+ /->8/++8  ( 9A&


/- E(9> D&(& 9>(+(99  (->8-++F - ,* >&  -/8, / >& >8-9 8
,>8(E  MJ 8/, 8 >/ ; 9,++8 >&- 15
R 7M 7;@>LR<R R> <>R( R5R Y( L( <>R :>>97<4 /R(L < >@R7;:  $><RL>::(L&
UR 7<MR(' /R(L  $><RL>::(L Y57$5 MR7M0(M  @L(6M@($70('  <>L; >U<'D M 
[79 KK.C,>f ^*  C,  )FC]WFAA.W ,.X>:C

$><M(EU(<R:[ >/ R57M& <>R ><:[ ><( $><RL>::(L Y7:: MR7M/[ R5(  <>L; $><MRL7<& 
:>R >/ $><RL>::(LM Y7:: '> 7RD R 7M 7< 4(<(L: <>R @>MM7:( >L EU7R( '7/0$U:R R> '(M74<
< >@R7;:  $><RL>::(L Y5(< Y( L( Y>L97<4 Y7R5 MRR(6M@$( '(M$L7@R7><D / Y(
UM(  @>:[<>;7: @@L>$5& 7R 7M ;U$5 ;>L( (M[ R> '(M74< >@R7;:  $><RL>::(LMD
>Y(X(L& >< R5( >R5(L 5<'& 7R 7M ;U$5 ;>L( '7/0$U:R R> UM( R5( @>:[<>;7: ;(R5>'M
7< <U;(L7$: >@R7;7MR7><D
5( MU>@R7;:  $><RL>::(L 7M 47X(< [ R5( />::>Y7<4 R5(>L(;D

(18.6 > >& 9F9>,  %(C- F 3?514 D&(& 9>(9!9 >& !C /-(>(/-9 %(C-
/C5 &-  9A/2>(,+  /->8/++8 D&(& D(++ ,* >&  -/8, / >&
+/9'+//2 >8-9 8 ,>8(E 8/, V >/ Z 9,++8 >&- 1 (9 %(C- F

! (
 # /     #   #   # /      ! , 
'
 
D&8
  4$  .  . % $ .   '   .  %

  4$   . '   . %$ .  . %

  $
4 1 .     % E
  , 4 -   , 4 8 >& 9>(+(9(-% 9/+A>(/-9 / >& /++/D(-% >D/ (>(
6A>(/-9
     '    '    ' 1 .       

4$   . '    . %$  .  . % $ .   '   .  %


ASDSB
    '    '    ' 1 .       

4$   . '   . %$ .  . % $ .   '  .   %


- 9>(9 F >& /A2+(-% /-(>(/-
L$ % ; 1.(
(55
 ' 1 .     4 . $  .  . % $.  '   .  %
 ' 1 .     4 $   . '   . %$ .  . %  .
8 9>+5

>R( R5R R5( RY>  7$$R7 (EUR7><M 7< R5( R5(>L(; 5X( < ''7R7><: R(L;
$>;@L(' R> R5( 7$$R7 (EUR7><M />L R5( . '(M74< @L>:(;D ULR5(L&  $>U@:7<4
$><'7R7>< 5M :M> ((< 7<$:U'(' 7< R5(  $M( $>;@L(' Y7R5 R5( . $M(D 5(
$><RL>::(L 7< R5( R5(>L(; 7M :M> <;(' M R5( $(<RL:  $><RL>::(LD
R 7M :M> 5(L( L(EU7L(' R5R R5( '7L($R R(L;&  . <'  . 5X( /U:: L<9D / R57M 7M
<>R R5( $M(& R5( RY> 7$$R7 (EUR7><M L( L(@:$(' [ RY> EU'LR7$ ;RL7Z 7<(EU:6
KK.C,>f ^*  C,  )FC]WFAA.W ,.X>:C [77

7R7(M <' R5( (EUR7><M />L R5( RY> 47<M L( L(@:$(' [ RY> :;>MR '7MRUL<$(M
'($>U@:7<4 @L>:(;M ABD
M 7< R5( . $M(& 7R 7M :M> @>MM7:( R> '(L7X(  @L;(RL7MR7>< >/ ::  $><6
RL>::(LM Y57$5 ;9( R5(  <>L; >/ R5( $:>M(' :>>@ M;::(L R5<  M@($70(' :(X(:
" A M$:7<4 5M ((< UM(' M> 1  "& R57M 7M Y7R5>UR :>MM >/ 4(<(L:7R[B [ UM7<4 R5(
6@L;(RL7MR7><D ( 5X( R5( />::>Y7<4 L(MU:RD

(18.6 & ,(+F / ++ ,(99(+ /->8/++89 9A& >& " MJ " ; " 6A+9
>& 9> / ++ >8-9 8 ,>8(9 8/, : >/ 6 (- / $  ( % D&8
$ +
 '      '  .   '    0. 4   !  0.
# *
  "  
)(
0
4 .

D&8
0.
  . '     .
0.
   '   
. . 

 )  ( "" ; "5

 &(& -4$- .


5( . <'  '(M74< ;(R5>'M $><M7'(L(' 7< R57M M($R7><& M Y(:: M R5( ;(R5>'M
7< "TT]#& L( M(' >< R5( $><'7R7>< R5R R5( RY> '7L($R ;RL7$(M  . <'  . 7<
AOD?]1B 5X( /U:: L<9& :M> 9<>Y M R5( L(4U:L $M(D >Y(X(L& R57M $><'7R7>< ;745R
<>R :Y ( MR7M0('D 5( $M( Y5(L( R5( RY> '7L($R ;RL7$(M  . <'  . '>(M
<>R 5X( /U:: L<9 7M <>L;: $::(' />L R5( M7<4U:L $M( >L R5( <><6L(4U:L $M(D
R 7M @>MM7:( R> 5<':( R57M M7<4U:L $M( 7<  <U;(L >/ YD M < '65>$
;(R5>'& R5( RY> '7L($R ;RL7$(M $< ( L(4U:L ( ''7<4  M;:: @(LRULR7>< <'
R5(< UM( R5( MR<'L' L(4U:L . >L  '(M74< ;(R5>'D 5( M>:UR7>< <((' R> (
7<X(MR74R(' Y7R5 L(M@($R R> R5( M(<M7R7X7R[ >/ R5( @(LRULR7><D 57M $< ( '><( [
$5<4( R5( @(LRULR7>< <' $5($9 R5R R5( M>:UR7>< 7M H:;>MRI 7<'(@(<'(<R >/ R5(
@(LRULR7><D
5( R5(>L(R7$: $>LL($R Y[ 7M R> UM(  '(M74< ;(R5>' R5R $< 5<':( R5( '(M74<
@L>:(; '7L($R:[ Y7R5>UR UM7<4 <[ @(LRULR7><D <( ;(R5>' 7M R5( M7<4U:L  . <'
R5( M7<4U:L  '(M74< ;(R5>'D 5( M7<4U:L ;(R5>'M L( UM7<4 7$$R7 7<(EU:76
R7(M 7<MR(' >/ 7$$R7 (EUR7><M 7< R5( L(4U:L $M(D R 7M EU7R( ;>L( $>;@:7$R(' R>
M>:X( R5(M( 7$$R7 7<(EU:7R7(M R5< 7$$R7 (EUR7><MD 7LMR& R5( 7$$R7 7<(EU:7R[
7M RL<M/>L;(' 7<R>  L('U$(' >L'(L 7$$R7 (EUR7><& R5R $< ( M>:X(' M  MR<6
'L' 7$$R7 (EUR7><D 5(L( '>(M <>R (Z7MR <[ MR<'L' R>>:>Z />L M>:X7<4 7$$R7
7<(EU:7R7(MD
<>R5(L ;(R5>' 7M R5( UM( :7<(L ;RL7Z 7<(EU:7R[6M(' . <'  '(M74<
;(R5>'MD 47<& R5(L( 7M <> $><'7R7>< >< R5( RY> '7L($R ;RL7$(MD ULR5(L& R5( :7<(L
;RL7Z 7<(EU:7R[6M(' ;(R5>' $< :M> 5<':( >R5(L $M(M R5R $<<>R ( 5<':('
[7[ KK.C,>f ^*  C,  )FC]WFAA.W ,.X>:C

[ R5( L(4U:L 7$$R7 M(' ;(R5>'D    R>>:>Z (Z7MR />L <:[M7M <'
'(M74< UM7<4 :7<(L ;RL7Z 7<(EU:7R7(MD
 *

 %("

5( M[;>:M L( UM(' $$>L'7<4 R> R5( />::>Y7<4 $><X(<R7><MD $:LM L( L(@L(6
M(<R(' [ 7R:7$M :79( 4( 6( "( M& X($R>LM [ >:' :>Y(L6$M( :(RR(LM :79( 9& 6 <' ;6
RL7$(M [ >:' U@@(L6$M( :(RR(LM :79( & D (RM L( '(<>R(' [ $::74L@57$ :(RR(LM
:79( D

L(X7R7>< (<7<4 7<RL>'U$(' >< @D


 <:[R7$: ('U<'<$[ (:R7>< ?1P
 ;U:R7X(  TS=
  7:UL(6 >'(M <' //($RM <:[M7M +1
  (<(L:7M(' 79(:75>>' R7> TS=
 7<(L L$R7><: L<M/>L;R7>< S1P
 7<(L U'LR7$ AL(4U:R>LB S]=
 7<(L R7;(67<XL7<R TSS
 M(6 >'( O]
 * 

"+

5( R(L;7<>:>4[ UM(' 7< '74<>M7M <' /U:R6R>:(L<R $><RL>: :7R(LRUL( 5M ><:[ 'UL6
7<4 R5( L($(<R [(LM @@L>$5('  $>5(L(<$[ 7< R5( @U:7M5(' ;R(L7:D 5( /(6
@L>$(MM ($5<7$: >;;7RR(( >/ & R5( <R(L<R7><: ('(LR7>< >/ UR>;R7$
><RL>:& 5M $>;@7:('  :7MR >/ MU44(MR(' '(0<7R7><M A"?]]#B& Y57$5 7M 4(<(L::[ 7<
$$>L'<$( Y7R5 R5( R(L;7<>:>4[ UM(' R5L>U45>UR R57M >>9D
< (Z$(@R7>< 7M R5( UM( >/ R5( Y>L' (MR7;R7>< Y5(L( R5( /(@L>$(MM R(L;7<>:6
>4[ 7M 7'(<R70$R7><D 5( Y>L' 7'(<R70$R7>< 7M Y7'(:[ UM(' M  M[<><[; />L M[M6
R(; 7'(<R70$R7>< >L M[MR(; @L;(R(L 7'(<R70$R7><D MR7;R7>< 7M $>;;><:[ UM('
Y5(< R5( ;4<7RU'( >/  M74<: 7M L($><MRLU$R('& Y57$5 7M Y5R 7M '><( 7< R57M >>9D

04 3"00&",$0  5`A]=]FA.WC] XgX].B e<.W. 5`A]X W. .fKA>)>]Ag ,.=


&$0,&" -7-0# ].)]., C, ))FBBF,].,O KKFX>]. F5  KXX>d. 5`A]=
]FA.WC] XgX].BO
$"70" ,3$$7 X. F5 ]eF FW BFW.+ $`] CF] C.).XXW>Ag >,.C]>)A egX
]F ,.].WB>C.  dW>$A. e<.W. FC. eg `X.X  B]<.=
B]>)A KWF).XX BF,.A >C CAg]>)A 5FWBO
4""07 >@.A><FF, ]<]  XgX].B FW .Q`>KB.C] e>AA FK.W]. X]=
>X5)]FW>Ag C, .55.)]>d.Ag ] Cg :>d.C KF>C] >C ]>B.O
&$-0,$0 <. A>B>]]>FC >BKFX., $g C]`W. LK<gX>)A AeXM FW
BCO ] K.WB>]X ]<. dW>$A.X ]F ]@. FCAg ).W]>C dA`.X
>C ]<. dW>$A. XK).O
-&$ "& <. 5`C)]>FCA>]g ]<] ,.].WB>C.X e<>)< W.B.,>A )=
]>FCLXM ]F .f.)`]. >C )X. F5  W.KFW]., 5`A] C, e<>)<
AWBLXM X<AA $. :.C.W].,O
-,($7 C $CFWBA $.<d>F`W F5  K<gX>)A dA`. FW >C)FCX>X=
].C)g $.]e..C BFW. K<gX>)A dA`.X C, ]<. W.A]>FCX<>K
$.]e..C ]<.BO
KK.C,>f 7* .WB>CFAF:g [7D

,,&, .d>]>FC $.]e..C  B.X`W., FW )FBK`]., dA`. LF5 C


F`]K`] dW>$A.M C, ]<. ]W`.+ XK.)>6.,+ FW ]<.FW.]>)AAg
)FWW.)] dA`.O
"- <. $>A>]g ]F X`X]>C  5>A`W. C, W.]>C ]<. )K$>A>]g
]F B@.  X5. )AFX.=,FeCO  XgX].B e<.W. ]<. F))`W=
W.C). F5  X>C:A. 5`A] )C $. ,.].WB>C., $`] CF] >XF=
A]., C, e<.W. ]<. 5`A] )CCF] $. ))FBBF,]., ]F
)FC]>C`. FK.W]>FCO
"&(,0&$" <. $>A>]g ]F X`X]>C Cg X>C:A. KF>C] 5>A`W.O
"3, .WBC.C] >C].WW`K]>FC F5  XgX].BX $>A>]g ]F K.W5FWB 
W.Q`>W., 5`C)]>FC `C,.W XK.)>6., FK.W]>C: )FC,>]>FCXO
"3, 0 <. )FCX.Q`.C). F5  5>A`W. BF,. FC ]<. FK.W]>FC+
5`C)]>FC+ FW X]]`X F5 C >].BO
"3, #& W]>)`AW eg >C e<>)<  5>A`W. )C F))`WO
3"0 CK.WB>]]., ,.d>]>FC F5 ] A.X] FC. )<W)].W>X]>)
KWFK.W]g FW KWB.].W F5  XgX].B 5WFB >]X )).K]=
$A.\`X`A\X]C,W, )FC,>]>FCO  5`A] >X ]<. F))`WW.C).
F5  5>A`W. BF,.O
3"0 &##&0&$ <. )]>FC F5 )<C:>C: ]<. )FC]WFA Ae >C W.XKFCX. ]F
5`A]+ e>]<F`] Xe>])<>C: F55 Cg XgX].B )FBKFC.C]O C
5`A] ))FBBF,]>FC+ 5`A]g )FBKFC.C]X W. X]>AA @.K]
>C FK.W]>FC ]<C@X ]F C ,K]., )FC]WFA AeO
3"0 00&$ .].WB>C]>FC F5 5`A]X KW.X.C] >C  XgX].B C, ]>B. F5
,.].)]>FCO
3"0 00&, C A:FW>]<B ]<] K.W5FWBX 5`A] ,.].)]>FC C, >XFA=
]>FCO
3"0 $&-- .].WB>C]>FC F5 @>C,+ X>h.+ AF)]>FC+ C, ]>B. F5 F))`W=
W.C). F5  5`A]O `A] ,>:CFX>X >C)A`,.X 5`A] ,.].)]>FC+
>XFA]>FC C, .X]>B]>FCO
3"0 -0#0&$ .].WB>C]>FC F5  BF,.A F5 ]<. 5`A]g XgX].BO
3"0 $00&$ .].WB>C]>FC F5 ]<. X><h. C, ]>B.=dWg>C: $.<d>F`W
F5  5`A]O FAAFeX 5`A] >XFA]>FCO X., X  XgCFCgB
5FW 5`A] .X]>B]>FCO
3"0 -&"0&$ .].WB>C]>FC F5 ]<. AF)]>FC F5  5`A]O FAAFeX 5`A]
,.].)]>FCO
3"0 #&""$ .].WB>C]>FC F5  B]<.B]>)A BF,.A ]F ,.X)W>$. 
XK.)>6) 5`A] .55.)]O
3"0 (,&(0&$ $"7-- CAgX>X ]F ,.].WB>C. <Fe ).W]>C 5`A] .55.)]X KWFK=
:]. ]<WF`:< ]<. )FCX>,.W., XgX].BO
3"0 ,&4,7 <. W.X`A] F5  X`)).XX5`A 5`A] ))FBBF,]>FC FW XgX=
].B W.)FC6:`W]>FCO
3"00&",$0 -7-0#  XgX].B e<.W.  5`A] >X W.)Fd.W., e>]< FW e>]<F`] K.W=
5FWBC). ,.:W,]>FC+ $`]  X>C:A. 5`A] ,F.X CF] ,.=
d.AFK >C]F  5>A`W. FC X`$XgX].B FW XgX].B A.d.AO
,5, ,3$$7 X. F5 BFW. ]<C FC. >C,.K.C,.C] >CX]W`B.C] ]F ))FB=
KA>X<  :>d.C 5`C)]>FCO
$($0 3"0  5`A] e<.W. ]<. .55.)] ,.d.AFKX XAFeAg .O:O )AF::>C:
F5  dAd.O C FKKFX>]. ]F C $W`K] 5`A]O
 04 <. )FC]WFA XK.)>6)]>FC+ ]<. >B F5 ]<. )FC]WFA XgX].BO
[[i KK.C,>f 7* .WB>CFAF:g

 04 ,&$3,0&$ <. )]>FC F5 )<C:>C: ]<. F$?.)]>d. F5 ]<. )FC]WFA XgX=
].BO $?.)]>d. W.)FC6:`W]>FC >X BC,]FWg e<.C `C=
W.)Fd.W$A. 5`A]X 5FW ]<. )`WW.C] F$?.)]>d. F))`WO
--4 3"00&",$0  5`A]=]FA.WC] XgX].B e<.W. 5`A]X W. CF] .fKA>)>]Ag
&$0,&" -7-0# ,.].)]., C, ))FBBF,].,+ $`] ]<. )FC]WFAA.W >X ,.=
X>:C., ]F $. >CX.CX>]>d. ]F  ).W]>C W.X]W>)]., X.] F5
5`A]XO FC]WWg ]F C )]>d. 5`A]=]FA.WC] XgX].BO
3"004 #&"  XgX].B BF,.A ,.X)W>$>C: ]<. $.<d>F`W e>]< W.A=
]>FCX BFC: XgX].B dW>$A.X C, KWB.].WX >C <.`W>X=
]>) ].WBX X`)< X )`XA>]>.X FW >5=]<.C W`A.XO
3$0004 #&"  XgX].B BF,.A ,.X)W>$>C: ]<. $.<d>F`W e>]< W.A]>FCX
BFC: XgX].B dW>$A.X C, KWB.].WX >C CAg]>)A
].WBX X`)< X ,>55.W.C]>A FW ,>55.W.C). .Q`]>FCXO
7-0# ,&$3,0&$ <. )]>FC F5 Xe>])<>C: F55 ]<. 5`A]g )FBKFC.C]X C,
))FW,>C:Ag )<C:>C: ]<. )FC]WFA Ae+ >C W.XKFCX. ]F 
5`A]O C XgX].B W.)FC6:`W]>FC+ 5`A]g )FBKFC.C]X W.
CF AFC:.W .BKAFg.,O
&4,"07 FXX>$>A>]g F] ))FBBF,]. ]<. 5`A] FW ]F W.)FC6:`W.
]<. XgX].B >5 5`A] F))`WXO
""07 WF$$>A>]g F5  XgX].B ]F K.W5FWB  W.Q`>W., 5`C)]>FC
`C,.W CFWBA )FC,>]>FCX C, ,`W>C:  :>d.C K.W>F, F5
]>B.O
#" 0&$  )FWW.)]>C: )]>FC LW.)FC6:`W]>FC FW  )<C:. >C ]<.
FK.W]>FC F5  XgX].BM ]<] KW.d.C]X  ).W]>C 5`A] ]F
KWFK:]. >C]F C `C,.X>W., .C,=.55.)]O
-3" `A] >C5FWB]>FC )WWg>C: X>:CAX+ $X., FC ,.d>]>FC
$.]e..C B.X`W.B.C]X C, BF,.A $X., )FBK`]]>FCXO
07 -7-0# A.)]WFC>) XgX].B ]<] KWF].)]X AF)A X`$XgX].BX 5WFB
K.WBC.C] ,B:. FW ,B:. ]F .Cd>WFCB.C] e<.C KF=
].C]>A ,C:.WF`X .d.C]X F))`WO
$-&, 3-&$ C].:W]>FC F5 >C5FWB]>FC 5WFB ,>55.W.C] X.CXFWX ]@>C:
>C]F ))F`C] ]<. Q`A>]g F5 ]<. B.X`W.B.C]X KWFd>,.,
$g .)< F5 ]<.BO
4,07  B.X`W. FC ]<. X.W>F`XC.XX F5 5`A] .55.)]X `X>C:
d.W$A )<W)].W>X]>FCO .d.W>]g )FCX>,.WX ]<. eFWX]=
)X. ,B:. ]F .Q`>KB.C]+ ,B:. ]F .Cd>WFCB.C]+ FW
,.:W,]>FC F5  XgX].BVX FK.W]>FCO
0,303," $"7-- CAgX>X F5 ]<. X]W`)]`WA KWFK.W]>.X F5 ]<. BF,.AX+ >O.O
KWFK.W]>.X ]<] W. >C,.K.C,.C] FC ]<. )]`A dA`.X F5
]<. KWB.].WO
3(,4-&$ FC>]FW>C: F5  K<gX>)A XgX].B C, ]@>C: KKWFKW>].
)]>FCX ]F B>C]>C ]<. FK.W]>FC >C ]<. )X. F5 5`A]XO
3(,4-&,  5`C)]>FC ]<] K.W5FWBX X`K.Wd>X>FC `X>C: W.X`A]X
F5 5`A] ,>:CFX>X+ ,.].WB>C.X W.B.,>A )]>FCX e<.C
C..,.,+ C, .f.)`]. )FWW.)]>d. )]>FCX ]F <C,A. 5`A]XO
,-&" >B>] dA`. F5  W.X>,`AVX ,.d>]>FC 5WFB h.WF+ XF >5
.f)..,.,+  5`A] >X ,.)AW., X ,.].)].,O
 * $

% "+

57M @@(<'7Z M5>YM R5( ;7< <>R7><M 7< <4:7M5 <' R5( <R7X( :<4U4(M >/ R5(
/>UL UR5>LMD

$"- ,#$ ,$ $-

- $&0&$- $ -7-0#- $ &$0,&" 0&,7

)]`]FW @]FW+ ].AA:A>., )]>FCC.`W @]`]FW

CAgX>X CAgX. CAgX. CAgX.

W)<>].)]`W. `5$`+ W)<>].@]`W W)<>].)]`W. W@>].@]`W

`]FB]FC `]FB] `]FB]. `]FB]

$AF)@ ,>:WB AF)@X)<A]$>A, X)</B 5FC)]>FC= $AF@,>:WB


C.A
$.<d>F`W .W<A].C )FBKFW].B.C] FK5JWX.A

)AFX.,=AFFK XgX= .:.A@W.>X XgX]1B. .C $F`)A. A`@@.]XAJ?5. XgX].B


].B 5.WB/.
)FC]>C`F`X=dW>$A. e.W]@FC]>C`>.WA>)<.X XgX]1B. ! dW>= @FC]>C`.W] XgX].B
XgX].B gX].B $A.X )FC]>C`.X
)FC]WFA ].`.W`C:+ )FBBC,.+ W/:`A= X]gW>C:+ W.:`A.W>C:
.:.A`C: ]>FC
)FC]WFAA$>A>]g ].`.W$W@.>] :F`d.WC$>A>]/+ X]gW$W<.,
)FBBC,$>A>]/
[[_ KK.C,>f [* >)]>FCWg

$"- ,#$ ,$ $-

)FC]WFAA.W .:A.W W/:`A].`W+ )FC= W.:`A]FW


]WGA.`W
)FC]WFA ,.X>:C .:A.W.C]e`W5 )FC).K]>FC ,. W/= W.:`A]FW ,.X>:C
:`A].`W
)FC]WFA >CK`] ].AA:WH;. )FBBC,. X]gW.X>:CA LKWF=
).XK"d>W@C>C:M

)FC]WFA AFFK .:.A@W.>X $F`)A. ,. W/:`= W.:`A.W>C:XXAJ?5.


A]>FC
)FC]WFA F$?.)]>d. .:.A`C:Xh>.A )FCX>:C.+ F$?.)]>5 ! W.:`A.W>C:X 5FWB"A
W/A>X.W
)FC]WFA F`]K`] .:.A:WH;. X>:CA ,. )FB= X]gW.] dW>$.A
BC,.
,>X)W.].=.d.C] XgX= .W.>:C>X,>X@W.].X XgX]1B. ! /d/C.= ,>X@W.]=< C,.AX.X
].B gX].B B.C]X ,>X)W.]X XgX].B

,>X]`W$C). ]HW`C: K.W]`W$]>FC 5FWX]gWW.AX.

.d.C] W.>:C>X /d/C.B.C] < C,.AX.

5..,$)@ b)@5b<W`C: $F`)A. ,. W.]F`W BF,@F$A>C:

5..,$)@ )FC]WFA .:.A`C: W/:`A]>FC KW A`@@.]XAJ?5. X]gW>C:


W/]WF)]>FC .AA.W = W.:`A.W>C:

5..,5FWeW, )FC= ].`.W`C: L>C ,.W W/:`A]>FC d.) )= 5W.B@F$A>C:


]WFA F55.C.C >W@`C:X= ]>FC C]>)>K]>d.
@.]].M
>CK`] >C:C: .C]W/. >C,:C:

B.X`W.B.C] .XX`C:+ .XX= X>:CA ,. B.X`W. B"A>C:


e.W]
BF,.A F,.AA BF,1A. BF,.A

BF,.AA>C: F,.AA$>A,`C: BF,/A>X]>FC BF,.AA.W>C:

BF,.A `C).W]>C= F,.AA`CX>)<.W= .WW.`W ,. BF,/= BF,.A `X>@@.W<.,


]>.X <.>].C A>X]>FC
F$?.)]>d. 5`C)]>FC b].5`C@]>FC 5FC)]>FC ,. )Fa] @FX]5`C@]>FC

F$X.Wd$>A>]g .F$)<]$W@.>] F$X.Wd$>A>]/ F$X.Wd.W$W<.,

F$X.Wd]>FC .F$)<]`C: F$X.Wd]>FC F$X.Wd]>FC

F$X.Wd.W .F$)<].W F$X.Wd].`W F$X.Wd.W

FK.C=AFFK XgX].B F55.C. .]]. XgX]1B. .C $F`)A. "$.CXAJ?5. XgX].B


F`d.W].
KK.C,>f [* >)]>FCWg [[^

$"- ,#$ ,$ $-

FK]>BA )FC]WFA FK]>BA. ].`.W`C: W/:`A]>FC FK]>= FK]>BA W.:`A.W>C:


BA.+ )FBBC,.
FK]>BA.
F`]K`] `X:C: XFW]>. `,:C:

.]W> C.] .]W>C.]h W/X.` ,. .]W> .]W> C.]

K.W5FWBC). .:.A:b]. K.W5FWBC). K.W5FWBC).

KW.,>)]>FC FW<.WX:.+ W,>@= KW/,>)]>FC KW.,>@]>FC


]>FC
Q`A>]]>d. BF,.A Q`A>]]>d.X F= BF,1A. Q`A>]]>5 Q`A>]]>d BF,.A
,.AA
Q`C]>X., XgX].B Q`C]>X>.W].X gX= XgX]1B. Q`C]>6/ @dC]>X.W.] XgX].B
].B
W.Q`>W.B.C] FW,.W`C: )<>.W ,.X )<W:.X @Wd

XK.)>6)]>FC b].5FW,.W`C: XK/)>6)]>FC XK.)>6@]>FC

X.CXFW .CXFW )K].`W :>d.W+ X.CXFW

X.]=KF>C] FAAe.W] KF>C] ,. 5FC)]>FC= X.]K`C@]


C.B.C]+ :WC,.`W ,.
W/5/W.C).
X>:CA >:CA X>:CA X>:CA

X]$>A>]g ]$>A>]] X]$>A>]/ X]$>A>].]

X]]. `X]C, /]] ]>AX]C,

X]]. XK). `X]C,XW`B .XK). ,V/]] ]>AX]C,XW`B

X]W`)]`W. ]W`@]`W X]W`)]`W. X]W`@]`W

X]W`)]`W. :WK< ]W`@]`W:W5 :WK<. X]W`)]`W.A X]W`@]`W :W5

XgX].B gX].B XgX]1B. XgX].B

XgX].B >,.C]>6)= gX].B>,.C]>6@= >,.C]>6)]>FC ,.X XgX].B


]>FC ]>FC XgX]1B.X >,.C]>6@]>FC

&0&$- -,$ 0 -7-0# -3 0 0& 3"0-

)]`]FW 5`A] .<A.W >B ].AA:A>., ,/5`] ,V)]>FCC.`W @]`]FW 5.?A

$W`K] 5`A] KAH]hA>)< .>C]W.= ,/5`] >CX]C]C/ KA`,X.A>: 5.?A


].C,.W .<A.W
[[9 KK.C,>f [* >)]>FCWg

$"- ,#$ ,$ $-

d>A$>A>]g .W5b:$W@.>] ,>XKFC>$>A>]/ ]>A: C:.A>:<.,

)FCX>X].C)g >,.WXKW`)<X5W.>= )F</W.C).+ )FB= @FCX>X].CX


<.>]+ FCX>X].Ch K]>$>A>]/
)FCX>X].C)g=$X., @FCX>X].Ch$X>.W]. ,>:CFX]>) KW @FCX>X].CX$X.W.]
,>:CFX>X >:CFX. >CdA>,]>FC LW/5`= ,>:CFX.
]]>FCM
,.)>X>FC AF:>) C]X)<.>,`C:XAF:>@ AF:>Q`. ,. ,/)>X>FC $.XA`]C>C:XAF:>@

,.K.C,$>A>]g .W5b:$W@.>] XaW.]/ ,. 5FC= K"A>,.A>:<.,


)>FCC.B.C]
,.d>]>FC $e.>)<`C: ,/d>]>FC 5d>:.AX.

,>:CFX>X >:CFX. ,>:CFX]>) ,>:CFX.

,>:CFX]>) A:F= >:CFX.A:FW>]<= A:FW>]<B. ,. ,>= ,>:CFX. A:FW>]<B.


W>]<B B`X :CFX]>)
.dA`]>FC .e.W]`C: /dA`]>FC .dA`.W>C:

5>A`W. .WX:.C KCC. C.,$W`,

5`A] .<A.W ,/5`A]+ ,/5>AAC). 5.?A

5`A]A.XX XgX].B 5.<A.W5W.>.X gX= XgX]1B. X>C 5.?A5W>] XgX].B


].B
5`A]g XgX].B 5.<A.W$.<5].].X XgX]1B. .C ,/5`] 5.?A$.< 5].] XgX].B
gX].B
5`A]=]FA.WC] )FC= 5.<A.W]FA.WC]. )FBBC,. ]FA/WC]. 5.?A]FA.WC]
]WFA ].`.W`C: `f W.:`A.W>C:
5`].X
5`A] ,.].)]>FC .<A.W,.].@]>FC ,/].)]>FC ,. 5.?A,.].@]>FC
,/5>AAC).X
5`A] ,>:CFX>X .<A.W,>:CFX. ,>:CFX]>) ,. 5.?A,>:CFX.
,/5>AAC).X
5`A] .55.)]X .<A.We>W@`C: .55.]X ,V`C. 5.?A.55.@]
,/5>AAC).
5`A] .X]>B]>FC )<]h`C: ,.W .X]>B]>FC ,. 5.?A.X]>B]>FC
.<A.W:WH;. ,/5>AAC).
5`A] >,.C]>6)= .<A.W>,.C]>6@]>FC >,.C]>6)]>FC ,. 5.?A>,.C]>6@]>FC
]>FC ,/5>AAC).
5`A] >XFA]>FC .<A.W>XFA]>FC AF)A>X]>FC ,.X 5.?A>XFA]>FC
,/5>AAC).X
5`A] KWF$$>A>]g .<A.We<WX)<.>C= KWF$$>A>]/ ,V`C. 5.?AXC,XgCA>:<.,
A>)<@.>] ,/5>AAC).
5`A] KWFK:]>FC .<A.W5FW]K8Ch`C: KWFK:]>FC ,V`C. 5.?AKWFK:.W>C:
,/5>AAC).
KK.C,>f [* >)]>FCWg [[7

$"- ,#$ ,$ $-

>C)>K>.C] 5`A] .<A.W+ ,.W X>)< ,/5>AAC). C>X= 5.?A ,.W `,d>@A.X
AC:XB .C]e>= XC]. AC:XFB]
)@.A]
B>C].CC). W]`C: .C]W.]>.C+ B>C].= d.,A>:.<FA,
CC).
BF,.A=$X., ,>:= BF,.AA$X>.W]. ,>:CFX]>) 5FC,/ BF,.A$X.W.]
CFX>X >:CFX. X`W `C BF,/A. ,>:CFX.

W.)FC6:`W]>FC .@FC6:`W]>FC W.)FC6:`W]>FC W.@FC6:`W]>FC

W.,`C,C)g .,`C,Ch W.,FC,C). W.,`C,CX

W.A>$>A>]g `d.WAXX>:@.>] 6$>A>]/ K"A>,.A>:<.,

W.B.,>A )]>FC FWW.@]`W )]>FC )FWW.)]>d. <C,A>C: ,.W X@A


:.CFKW.]]. CFWBA
5`C@]>FC

W.K>W .KW]`W W/KW]>FC W.KW]>FC

W.X>,`A .X>,``B W/X>,` W.X>,`A

WF$`X]C.XX F$`X]<.>] WF$`X].XX. WF$`X]<.,

X5.]g >)<.W<.>] X/)`W>]/+ XaW.]/ X>@@.W<.,

X.CXFW 5`A] .CXFW5.<A.W ,/5`] ,. )K].`W X.CXFW 5.?A

X.CXFW 5`X>FC .CXFW5`X>FC 5`X>FC ,. B`A]>= X.CXFW5`X>FC


)K].`WX
X<`]=F55 $X)<A]`C: WW0] C.,A`@C>C:

XgBK]FB gBK]FB XgBK]GB. XgBK]FB

X`K.Wd>X>FC $.We)<`C: X`K.Wd>X>FC Fd.Wd":C>C:

]<W.X<FA, )<WC@. X.`>A :W CX.d W,>

]FA.WC). FA.WCh ]FA/WC). ]FA.WC).


(% *

& =,>X]W>$`]>FC+ [^2 `]FB]FC :WK<+ ^Z9+ ^2I


& =].X]+ [^2 d>A$>A>]g+ 2+ [72

$X]W)]>FC+ 77+ [^+ IIi+ 9Z_+ 7i^+ 7I2+ 7[Z $.<d>F`W+ 9+ 7i


3 O F5 5`A]g XgX].B+ 9Z2 3 $O F5 Q`C]>X., XgX].B+ 97Z+ 9[7
3 ,>X)W.].=.d.C] O F5 )FC]>C`F`X XgX].BX+ 3 $O F5 X]F)<X]>) `]FB]FC+ ^2[
97Z+ 9Zi 3 Q`A>]]>d. $O+ 97Z
)]>d. 5`A] ]FA.WC).+ I_ $.<d>F`WA W.A]>FC
)]>d. 5`A]=]FA.WC] )FC]WFA+ IZ 3 $OWO F5 CFC=,.].WB>C>X]>) `]FB]FC+ 7D+
)]>d. 5`A]=]FA.WC] )FC]WFA XgX].B+ ^i9+ ^Z7
[72 3 $OWO F5 X]F)<X]>) `]FB]FC+ 7D+ ^2i
)]`]FW+ 97 .hF`] >,.C]>]g+ ^7^
3 d>W]`A O+ ^^^ $>=KW]>]. :WK<+ IiD
)]`]FW 5`A]+ ^_I+ ^^_+ 9^7 $`BKA.XX Xe>])<>C:+ ^[i
)]`]FW 5`A] ,>:CFX>X+ 9^[
,K]>d. )FC]WFA+ I_ )CFC>)A ,.)FBKFX>]>FC+ I9^
AWB ]>B.+ _9i )CFC>)A X`$XgX].B+ I9^
CAg]>)A W.,`C,C)g+ < W.,`C,C)g+ [72 )`XA :WK<+ I_2
CAg]>)A W.,`C,C)g W.A]>FC+ I7[+ I7Z+ )`XA X`$XgX].B+ I92
IDi+ ID^+ ID[+ _i^ )`XA>]g+ I_2
3 A>C.W OWOWO+ IDD 3 ,.W>d]>d. )O+ I_D+ I^I
C]>=e>C,`K+ ^[i 3 >C].:WA )O+ I_D
KKA>)]>FC X]`,>.X+ 7i7 )<C:. >C ]<. B.C+ _9I+ _99+ _7^
W)<>].)]`W.+ [D )<.B>)A KWF).XX+ 7_i
 5`C)]>FC+ _97+ _7D )FA`BC XK).+ [^9
+ < CAg]>)A W.,`C,C)g W.A]>FC )FBKA.B.C]
`]F)FWW.A]>FC 5`C)]>FC+ [9_ 3 FW]<F:FCA )O+ [^7
`]FB]FC )FBKA.]. BF,.A+ 9[2+ 92^+ 922
3 `]FCFBF`X X]F)<X]>) O+ ^2I )FBKA.].C.XX
3 ,.].WB>C>X]>) O+ 72+ ^Z9 3 )O F5 ,>:CFX]>) W.X`A]+ 9_2
3 5`A]g O+ ^2Z )FBKFC.C]+ 9Z+ [D
3 CFC=,.].WB>C>X]>) O+ 7D+ ^Z7 3 <>:<=A.d.A )O+ 9D
3 F$X.Wd$A. O+ 99[ 3 AFe=A.d.A )O+ 9D
3 X.B>,.].WB>C>X]>) O+ 99[ )FBK`]$>A>]g+ I7i
3 X]F)<X]>) O+ ^Z2 )FC,.CX]>FC+ I^9
3 X]F)<X]>) .Ag O+ ^2I )FC,`)]>d>]g )FC]WFA+ 7^[
[[2 `$?.)] >C,.f

)FCX>X].C)g+ ^2Z 3 ,O F5 X]F)<X]>) `]FB]FC+ 9I9


)FCX>X].C)g=$X., ,>:CFX>X+ I9+ 9[[ 3 ,.).C]WA>X., ,O+ _9
)FCX>X].C] >CK`]\F`]K`] K>W+ ^Di+ 9[7 3 ,>X]W>$`]., ,O+ _9
)FCX]W>C]+ [+ 9^+ IIi+ [i_+ [72 3 W.BF]. ,O+ 9_Z
3 A:.$W>) )O+ I_2 ,>:CFX>X dXO X>B`A]>FC+ 9_9
3 ,>55.W.C]>A )O+ I_D ,>:CFX]>) W.X`A]
3 .fFC.W]., )O+ I[Z 3 )FBKA.].C.XX F5 ,OWO+ 9_2
3 B])<., )O+ I_7 ,>X)W.KC)g+ [72
3 CFC=>Cd.W]>$A. )O+ I^_ ,>X)W.].=.d.C] XgX].B+ 7Z+ ^[D+ ^ZI
3 CFC=B])<., )O+ I_7 ,>X]>C:`>X<>C: >CK`]X+ 9Ii
)FCX]W>C] KWFK:]>FC+ I9_ ,>X]W>$`]., ,>:CFX>X+ _9
)FC]WFA ,>X]`W$C).+ 79
3 ,K]>d. )O+ I_ ,>X]`W$C). $.<d>F`W+ ^9i
3 )O W.)FC6:`W]>FC+ ^i[ ,>X]`W$C). X`KKW.XX>FC+ __Z
3 5`A] ))FBBF,]>FC+ ^i7 ,`A>]g+ ^7I
3 WF$`X] )O+ II ,gCB>)A KWF6A. F5 )<C:.+ _77+ _2_
)FC]WFA ,.d>).+ 97
)FC]WFA W.=,.X>:C+ ^+ ^__+ ^[Z .A.)]W>)A X]..W>C:+ [i_
)FC]WFA W.)FC6:`W]>FC+ < W.)FC6:`W]>FC .B$.,,., XgX].B+ _^
3 )OWO F5  )<.B>)A KWF).XX+ 7_2 .WWFW+ [7D
)FC]WFAA$>A>]g+ IZ_ .d.C]+ 72+ ^Zi+ ^ZI
)FC]WFAA.W+ _ .f)] ,.)F`KA>C:+ ID[
)FC]WFAA.W ,.X>:C .fBKA.
3  ,.X>:C+ [7I 3  W.)FC6:`W]>FC $.C)<BW@
3  )FC]WFAA.W+ [7_ KWF$A.B+ ^^+ 7i7
)FFW,>C]., ,>:CFX>X+ _9 3 >.X.A .C:>C.+ 9D7
+ d+ ^_+ [I2 3 .A.)]W>)A X]..W>C: F5 eW.<F`X. ]W`)@X+
 W.)FC6:`W]>FC $.C)<BW@ KWF$A.B+ 7D9
^^+ 7i7 3 .)FC6:`W]>FC F5 ].BK.W]`W. )FC]WFA+
)FdW>C).+ [9_+ [9^ 7_2
3 W`CC>C: .O+ ^^
 + [7Z
3 X<>K KWFK`AX>FC )FC]WFA+ 797
 A:FW>]<B+ _9i+ _79+ _77+ _2I
3 X].B :.C.W]FW+ 7Z9
3 W.)`WX>d. 5FWB F5 OO+ _9^
3  + 7_i
3 eF=X>,., OO+ _99
3 + 7^[
.fFC.W]>FC+ I[Z
  + d .fK.)]., dA`.+ [9I
,.).C]WA>X., ,>:CFX>X+ _9
,.)>X>FC AF:>)+ [72 5>A=:W).5`A XgX].B+ D
,.)>X>FC XgX].B+ IDi 5>A=FK.W]>FCA+ D+ [7D
,.,>)]., F$X.Wd.W X)<.B.+ 99I 5>A=X5.+ 2+ [7D
,.Ag 5FW ,.].)]>FC+ _97 5>A`W.+ 2+ [7D
,.K.C,$>A>]g+ 2 3 W.)Fd.W$A. 5O+ ^[Z
,.K.C,$A. XgX].B+ 2 5>A`W. .55.)]+ [7D
,.].)]$>A>]g+ I9 5>A`W. BF,.+ [7D
,.].WB>C>X]>) `]FB]FC+ 72+ ^Z9 5>A`W.=BF,.X C, .55.)] CAgX>X+ ^i+ 27
,.].WB>C>X]>) XgX].B+ ^Z^ 5`A]+ I+ ^+ 9[+ 7Z+ I7Z+ [7D
,>:CFX$>A>]g+ I7 3 )]`]FW 5O+ 9[
3 ,O F5 Q`C]>X., XgX].B+ 922 3 ,,>]>d. 5O+ [+ 79
3 ,O F5 X]F)<X]>) `]FB]FC+ 9_7 3 .f].WCA 5O+ 9[
,>:CFX>X+ < 5`A] ,>:CFX>X 3 >C)>K>.C] 5O+ [7D
3 )FCX>X].C)g=$X., ,O+ I9+ 9I9+ 9[[ 3 >C].WCA 5O+ 9[
3 )FFW,>C]., ,O+ _9 3 B`A]>KA>)]>d. 5O+ [+ 79
3 ,O F5 Q`C]>X., XgX].B+ 9[[+ 92[ 3 CFC=X]W`)]`WA 5O+ IZ2
`$?.)] >C,.f [[D

3 KWF).XX 5O+ 9[ 3 & =].X]+ [^2


3 X]W`)]`WA 5O+ IZ2
5`A] ))FBBF,]>FC+ ID+ IZZ+ ^i7+ ^_I+ \ K>W+ 9+ < >CK`]\F`]K`] K>W
[7D >BKA>)>] 5`C)]>FC ]<.FW.B+ I_2
5`A] )C,>,].+ I9+ I7+ 9I7 >C>]>A X]].
5`A] ,.].)]$>A>]g+ _II+ _ZD 3 =KFX].W>FW> >OXO+ ^D9
5`A] ,.].)]>FC+ I9+ IZD+ _[7+ [7D 3 =KW>FW> >OXO+ ^Di+ ^D2
3 CAg]>)A W.,`C,C)g=$X., 5O,O+ I7Z 3 >OXO F5 CFC=,.].WB>C>X]>) `]FB]FC+ 9i_
3 5O,O F5 Q`C]>X., XgX].B+ 922 >C>]>A X]]. KWF$$>A>]g ,>X]W>$`]>FC+ ^2i
3 5O,O F5 X]F)<X]>) `]FB]FC+ 9ID >C?.)]FW+ [I+ 992
5`A] ,.].)]FW+ [7D 3 5`A] >O+ 977
5`A] ,>:CFX>X+ ^+ I2D+ [7D >CCFd]>FC+ _[Z
3 )]`]FW 5O,O+ 9^[ >CCFd]>FC 6A].W+ _[[+ _Z9
3 X.CXFW 5O,O+ 9^[ >CK`]
5`A] .X]>B]>FC+ I9+ IZD+ _29+ [7D 3 ,>X]>C:`>X<>C: >O+ 9I_
5`A] >,.C]>6)]>FC+ I9+ [7D 3 >O F5 ,>X)W.].=.d.C] XgX].B+ ^ZI
3 5O>O F5 Q`C]>X., XgX].B+ 922 3 Q`A>]]>d. >O+ 979
3 5O>O F5 X]F)<X]>) `]FB]FC+ 9ID >CK`] AK<$.]+ 72+ ^Z9
5`A] >XFA]>FC+ I9+ IZD+ _I^+ 9^7+ [7D >CK`] X.Q`.C).+ 72+ ^Z_
5`A] BF,.A+ 79+ ^22+ 92i+ [7D >CK`]\F`]K`] K>W+ ^2Z
5`A] KWFK:]>FC CAgX>X+ 2[+ [7D 3 )FCX>X].C] >\F KO+ ^Di+ 9[7
5`A] KWFK:]>FC B]W>f+ 2Z 3 >C)FCX>X].C] >\F KO+ ^DZ
5`A] W.)Fd.Wg+ [7D 3 XK`W>F`X >\F KO+ 9[2
5`A] W.)Fd.Wg ]WCX>.C]X+ ^[i
5`A] X.CX>]>d>]g+ __Z ABC 6A].W+ _[2
5`A] X>:C]`W.+ 72D
5`A] ]FA.WC).+ _+ I2i + [7Z
3 X]W`)]`WA CAgX>X F5 5O]O+ IZZ A>@.A><FF, W]>F+ _^D
5`A] ]FA.WC). CAgX>X+ 9D A>C.W CAg]>)A W.,`C,C)g W.A]>FC+ _ii
5`A]=]FA.WC] )FC]WFA+ _+ ^__+ [72 AF:=A>@.A><FF, W]>F+ _^D+ _79
3 W)<>].)]`W. F5 5O]O)O+ Ii AF:>) 5FWB`A+ ^ZZ
AFFK+ I^I
3 5O]O)O F5 )FC]>C`F`X XgX].BX+ _DD
3 ,>55.W.C]>A AO+ I^^
5`A]=]FA.WC] XgX].B+ _+ [7D
3 CFC=)`XA AO+ I^^
 + < 5>A`W.=BF,.X C, .55.)]
+ [7Z
CAgX>X+ [7Z
 + [7Z
5`C)]>FC+ 9^
`.C$.W:.W F$X.Wd.W+ ^^^
gK`CFd .Q`]>FC+ [9[+ [92
:.C.WA>X., A>@.A><FF, W]>F A:FW>]<B+ _92
:.C.WA>X., F$X.Wd.W X)<.B.+ 9^Z W@Fd KWF).XX
:.C.W>) )FBKFC.C] BF,.A+ 9Z 3 <FBF:.C.F`X OKO+ ^ZD
 + [7Z W@Fd KWFK.W]g+ ^Z[+ ^ZD
  A:FW>]<B+ _79+ _72 3 OKO F5 Q`C]>X., XgX].B+ ^Z[+ 9[^
:WK< B])<>C:+ I_I
3 ?`X]=)FCX]W>C., :O+ I9^ 3 )FBKA.]. BO+ I_^
3 FW>.C]., :O+ I_7 3 BO A:FW>]<B+ I^7
3 Fd.W=)FCX]W>C., :O+ I9^ 3 Bf>BA BO+ I__
3 `C,.W=)FCX]W>C., :O+ I9^ .Ag `]FB]FC+ ^2I
B.C+ [9I
BB>C: ,>X]C).+ 7Di 3 .BK>W>)A BO+ [9^
<W,eW. W.,`C,C)g+ [7D B.C ]>B. $.5FW. 5>A`W.+ ^22
<g$W>, XgX].B+ [i+ 99Z BF,.A+ 9^
3 X]W`)]`W. F5 <OXO+ [I 3 $.<d>F`W BO+ IIi
<gKF]<.X>X ].X]>C:+ [^2 3 )FBKA.]. BO+ 9[2
[Zi `$?.)] >C,.f

3 )FBKFC.C] BO+ 9Z KWF$$>A>]g ,>X]W>$`]>FC+ [9i


3 )FC]>C`F`X=]>B. BO+ 7_ KWF).XX+ 9^+ [9i
3 ,>X)W.].=.d.C] BO+ ^ZI 3 X]]>FCWg KO+ [9[
3 X]W`)]`WA BO+ 77+ IIi 3 e<>]. CF>X. KO+ [9[
3 `C]>B., BO+ ^ZI KWF).XX ,>:CFX>X+ I^+ < 5`A] ,>:CFX>X
BF,.A B])<>C:+ ^_I KWFK.W]g
BF,.A=KW.,>)]>d. )FC]WFA+ ^[[ 3 X]W`)]`WA KO+ 7[+ II2
BFB.C]+ [9_ KX.`,F=>Cd.WX. B.]<F,+ ^_9
BFC>]FW$>A>]g+ I7[
Q`A>]]>d. $.<d>F`W+ 97Z
CF>X.+ 79+ [97 Q`A>]]>d. >CK`]+ 979
CFC=,.].WB>C>XB F5 ]<. Q`A>]]>d. Q`A>]]>d. BF,.A+ 9[Z+ [[i
$.<d>F`W+ 972 3 )FBKA.].C.XX F5 QO BO+ 9ZZ
CFC=,.].WB>C>X]>) `]FB]FC+ 7D+ ^Z7 3 )FBKA.].C.XX F5 QOBO+ 9[2+ 9Z_
3 ,>:CFX>X F5 COO+ 9_Z 3 QOBO F5  )<.B>)A KWF).XX+ 7_^
CFC=,.].WB>C>X]>) XgX].B+ ^Z^ 3 QOBO F5 ]<W..=]C@ XgX].B+ 7I2
C`AAXK).+ [^9 Q`A>]]>d. F`]K`]+ 979
3 A.5] CO+ [^9 Q`A>]]>d. X]$>A>]g+ 7ii
Q`A>]]>d. X]].+ 977
F$?.)]>d.+ [7D
Q`A>]]>d. X]]. 5..,$)@+ 7ii
F$?.)]>d. W.)FC6:`W]>FC+ [[i
Q`A>]]>d. dA`.+ 979
F$X.Wd$>A>]g+ I9D
Q`C]>X]>FC+ 979
3 FO F5 A>C.W XgX].B+ I7_
Q`C]>X., X>:CA XK).+ 979
3 FO F5 X]F)<X]>) `]FB]FC+ 9i[
Q`C]>X., XgX].B+ 99Z
3 X]F)<X]>) FO+ 9iD
3 CFC=,.].WB>C>XB F5 QO XO+ 972
3 X]W`)]`WA FO+ I7i
Q`C]>X.W+ [I+ 992+ 979
3 `C>5FWB X]F)<X]>) FO+ 9I^
F$X.Wd]>FC dXO X>B`A]>FC+ 9ii+ 9i[ Q`C]>]]>d. BF,.A+ [[i
F$X.Wd.W+ ^^^
F$X.Wd.W=$X., )FC]WFAA.W+ ^7^+ ^7Z WC,FB KWF).XX+ [9i
F$X.Wd.W=$X., ,>:CFX>X+ I^i+ _DZ+ 9^Z+ 3 X]]>FCWg WOKO+ [9_
7[_ WC,FB dW>$A.+ [^Z
F`]K`] W.)<$>A>]g+ I_Z+ IZ_
3 FO F5 ,>X)W.].=.d.C] XgX].B+ ^ZI W.)FC6:`W$>A>]g+ I2I
3 Q`A>]]>d. FO+ 979 W.)FC6:`W]>FC+ _i+ ^i[+ ^_I+ ^_9+ ^^_+ 7iI+
F`]K`] AK<$.]+ 72+ ^Z9 7i7
F`]K`] 5`C)]>FC+ 72+ ^Z9 W.)FC6:`W]>FC :FA
F`]K`] W.A]>FC+ ^2i 3 X]WFC: WO:O+ ^^7
F`]K`] X.Q`.C).+ 72+ ^Z_ 3 e.@ WO:O+ ^^7
W.)FC6:`W]>FC F5 )FC,`)]>d>]g )FC]WFA AFFK+
KWB.].W>X., )FC]WFAA.W+ ^77 7^[
KW>]g W.A]>FC+ _iI W.)FC6:`W]>FC KWF$A.B+ ^^9
KW>]g XK).+ _iI 3  W.)FC6:`W]>FC $.C)<BW@
KW>]g XK). KKWF)<+ _i^+ 7[_ KWF$A.B+ 7iD
KXX>d. 5`A] ]FA.WC).+ II+ ^i9 W.)FC6:`W., KAC]+ ^^Z+ ^9_
KXX>d. 5`A]=]FA.WC] )FC]WFA XgX].B+ [[i W.)Fd.W$>A>]g+ ^[Z+ [[i
.]W> C.]+ ^ZZ W.,`C,C)g+ I9Z
K<gX>)A W.,`C,C)g+ < W.,`C,C)g 3 CAg]>)A WO+ ^+ I[+ [72
KA).+ ^ZZ 3 ,.,`)., WO+ I72
KAC]+ _ 3 ,>W.)] WO+ I72
3 W.)FC6:`W., KO+ ^^Z 3 <W,eW. WO+ [7D
KFe.W XK.)]W`B+ [9^ 3 K<gX>)A WO+ ^
KWF$$>A>]g+ [^Z 3 X.CXFW WO+ I[i
KWF$$>A>]g ,.CX>]g 5`C)]>FC+ [9i+ [9I W.,`C,C)g ,.:W..+ I2I+ ^[Z
`$?.)] >C,.f [ZI

W.A>$>A>]g+ 2+ [[i X]]. XK).


W.B.,>A )]>FC+ [[i 3 KW]>]>FC., XOXO+ 979
W.X>,`A+ I[+ I72+ IDi+ [[i X]]. ]WCX>]>FC 5`C)]>FC+ 72+ ^Z9
3 X]W`)]`W., WO+ I[[ X]]. ]WCX>]>FC KWF$$>A>]g+ 9Zi
W.X>,`A .dA`]>FC+ I2D+ _2i X]]. ]WCX>]>FC W.A]>FC+ ^2i+ ^2I
W.X>,`A :.C.W]>FC+ I^i+ I2D X]]. dW>$A. 6A].W+ _iI
W.X>,`A :.C.W]FW+ _[7 X].,g X]]. ABC 6A].W+ _[Z
W.X>,`A :.C.W]FW ,.X>:C+ _i9 X].B :.C.W]FW+ 7Z9
>))]> .Q`]>FC+ [7_ X]F)<X]>)+ [9i
WF$`X] )FC]WFA+ II X]F)<X]>) ,>55.W.C]>A .Q`]>FC+ [9D
WFe XK).+ [^9 X]F)<X]>) `]FB]FC+ ^Z2
3 ,>:CFX$>A>]g F5 XOO+ 9_^
X5.]g+ 2 3 ,>:CFX>X F5 XOO+ 9I9
X5.]g XgX].B+ 2+ [[i 3 F$X.Wd$>A>]g F5 XOO+ 9i[
X5.]g=)W>]>)A XgX].B+ ^ 3 X>B`A]>FC F5 XOO+ ^27
X.CX>]>d>]g ]F 5`A]X+ _ZD 3 X]F)<X]>) ,>:CFX$>A>]g F5 XOO+ 9_7
X.CXFW+ 97 3 X]F)<X]>)AAg `C,>:CFX$A. XOO+ 9_9
3 d>W]`A XO+ ^^^ X]F)<X]>) KWF).XX+ ^Z2
X.CXFW 5`A]+ ^_I+ ^_9+ ^^_+ 9^7 3 ,>X)W.].=]>B. XOKO+ [9i
X.CXFW 5`A] ,>:CFX>X+ 9^[ 3 Q`C]>X., XgX].B X XOKO+ 9[i
X.CXFW 5`X>FC+ [[i X]FKK>C: ]>B.+ _9i
X.KW]>FC KW>C)>KA.+ ^^D X]WFC: ,.].)]$>A>]g+ _i7
X.Q`.C]>A )<C:. ,.].)]>FC+ _^2 X]W`)]`WA CAgX>X+ IiD+ [[i
X.Wd>).+ 9Z 3 XOO F5 .A.)]W>)A X]..W>C:+ [i_
3 <>:<=A.d.A XO+ IiI 3 XOO F5  X].B :.C.W]FW+ 72^
3 d.WX>FCX F5 XO+ 92 3 XOO F5 ]<W..=]C@ XgX].B+ 7Ii
X.d.W>]g+ [[i X]W`)]`WA ,.].)]$>A>]g+ I[^
X<>K KWFK`AX>FC XgX].B+ ^Z+ _Z[+ 797 X]W`)]`WA >XFA$>A>]g+ I[^
3 CFCA>C.W KW>]g W.A]>FCX+ I[7 X]W`)]`WA BF,.A+ IIi
X>:CA X]W`)]`WA F$X.Wd$>A>]g+ I7i
3 ,>X)W.].=dA`., XO+ 7Z+ ^ZI X]W`)]`WA KWFK.W]g+ II2
X>B`A]>FC+ ^2^ X]W`)]`W.+ 77
3 XO F5 X]F)<X]>) `]FB]FC+ ^27 X]W`)]`W. :WK<+ 7[+ II^
XF5]eW. >BKA.B.C]]>FC+ [ID 3 XO:O F5 .A.)]W>)A X]..W>C:+ [i^
XK.)]WA ,.CX>]g+ [9^ X]W`)]`W., W.X>,`A+ IDZ
XK`W>F`X >CK`]\F`]K`] K>W+ 9[2 X`K.Wd>X>FC+ 9[7+ [[i
XK`W>F`X XFA`]>FC+ 9[D X`K.Wd>XFW+ [[i
X]$>A>X>C: )FC]WFAA.W+ ^7_ X`K.Wd>XFWg )FC]WFA+ [i+ 99Z
X]$>A>]g+ ^^D Xe>])<>C: $.]e..C )FC]WFAA.WX+ ^[i
3 Q`A>]]>d. XO+ 7ii XgX].B
X]C,W, .X]>B]>FC X.]`K+ __^ 3 )FC]>C`F`X=dW>$A. XO+ 7_
X]]. 3 )FC]WFAA., XO+ 99
3 Q`A>]]>d. XO+ 977 3 ,.K.C,$A. XO+ 2
3 XO F5 ,>X)W.].=.d.C] XgX].B+ ^ZI 3 ,.].WB>C>X]>) XO+ ^Z_+ ^Z^
X]]. F$X.Wd]>FC 3 ,>X)W.].=.d.C] XO+ 7Z+ ^[D
3 .f>X].C). F5 XFA`]>FC+ ^D_ 3 ,gCB>)A XO+ 9^
3 W.)`WX>d. XFA`]>FC+ ^D[ 3 5>A=:W).5`A XO+ D
3 XOFO F5 CFC=,.].WB>C>X]>) `]FB]+ 9i_ 3 5>A=FK.W]>FCA XO+ D+ [7D
3 XOFO F5 Q`C]>X., XgX].B+ 97I+ 92I 3 5>A=X5. XO+ 2+ [7D
3 XOFO F5 X]F)<X]>) `]FB]+ ^2D+ ^Di 3 5`A]=]FA.WC] XO+ _+ [7D
3 XFA`]>FC+ ^D^ 3 <FBF:.C.F`X XO+ [^^
X]]. X.Q`.C).+ 72+ ^Z_ 3 <g$W>, XO+ [i
3 KWF$$>A>]g F5 XOXO+ ^D_ 3 CFC=,.].WB>C>X]>) XO+ ^Z_+ ^Z^+ 9[D
[Z_ `$?.)] >C,.f

3 Q`C]>X., XO+ 99Z `C@CFeC >CK`]+ ID[+ IDD+ _Zi


3 X5.]g XO+ 2 `X.=BF,.+ 9D+ Z^+ [7Z
3 X5.]g=)W>]>)A XO+ ^
XgX].B W.)FC6:`W]>FC+ IZZ+ [[i dW>$A.+ IIi
XgX].B X]W`)]`W.+ 77 3 @CFeC dO+ 7[+ IID
3 `C@CFeC dO+ 7[+ IID
]<W..=]C@ XgX].B+ 7i7 dW>C).+ [9I+ [9^
]<W.X<FA,+ [[i + 7^[
]>B.+ 7i d>W]`A )]`]FW+ ^^^
]>B. $.]e..C 5AX. AWBX+ _97+ _7D 3 dOO 5FW  )<.B>)A KWF).XX+ 7^^
]>B. 5FW ,.].)]>FC+ _7D d>W]`A X.CXFW+ ^^^+ ^^[
]F@.CX+ ^ZZ
]W)@>C: $.<d>F`W+ ^9i e.@ ,.].)]$>A>]g+ _i7
]WCX>.C] 5`A]+ 9D^ e<>]. CF>X.+ [97
]WCX>]>FC+ ^ZZ e<>]. CF>X. KWF).XX+ [97
]WCX>]>FC KWF$$>A>]g+ ^ZD+ 9Z^ >.C.W KWF).XX+ [9D+ [7i
]eF=]C@ XgX].B+ ^^+ 7D+ I[D+ 9Di
 + < `X.=BF,. F`A= `).W KWB.]W>X]>FC+ ^[Z

Das könnte Ihnen auch gefallen