!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! !

!"#$%&'()'
'%*'+&,#$+*+-".'*/,+0-1*',.',%'2!3-0&'
,#$+*0-1&)''
!

"#$%&'())"*#!
!"# $%&$# '()*+,# -.,/)-/$',%# $+# &/-&-'0$"&,# )$# +-# 10,+$"20-# '-230%&-# $"# +-%#
/$+-20,"$%#)$#4-/$5-#)$%)$#+-#4$/%4$2&01-#)$#+-#2,$)*2-20("#%$"&0'$"&-+#6#7*8#4-4$+#
5*$9-#+-#$%2*$+-#6#$+#4/,:$%,/-),#$"#$%&,;##<$:+$=0,"-/$',%#-2$/2-#)$#+-#%,20-+0>-20("#
4/$1$"&01-# )$# +-# 10,+$"20-# '-230%&-# $"# +-%# /$+-20,"$%# -:$2&01-%# 6# %$# ,:/$2$/?"#
3$//-'0$"&-%#4-/-#++$1-/#-#2-.,#.*$"-%#4/?2&02-%#$"#$+#2,"&$=&,#$)*2-&01,;##
@-#$)*2-20("#)$%)$#+-%#-*+-%#4-/-#$+#$%&-.+$20'0$"&,#)$#/$+-20,"$%#09*-+0&-/0-%#3-#)$#
:,/'-/#4-/&$#)$#+-#4/?2&02-#),2$"&$#-#&/-18%#)$#*"-#&,'-#)$#2,"20$"20-#0")010)*-+#6#
2,+$2&01-A#)$#+-#-4+02-20("#)$#4/,9/-'-%#$:02-2$%#6#)$#*"#&/-.-5,#0"&$9/-+#2,"#$+#/$%&,#
)$#-9$"&$%#%,20-+$%#)$#+-#2,'*"0)-);#B/$1$"0/#+-#10,+$"20-#'-230%&-#$"#+-%#/$+-20,"$%#
-:$2&01-%# )$"&/,# )$+# 2,"&$=&,# $%2,+-/# $%# *"# /$&,# -# 0"2,/4,/-/# $"# *"-# $)*2-20("#
4C.+02-#)$#2-+0)-)#6#4-/-#*"-#%,20$)-)#+0./$#)$#10,+$"20-;#
!

&56789:;<=!
1 D2$/2-/#+-#'0/-)-#),2$"&$#-#+-#$)*2-20("#-:$2&01-#)$+#-+*'"-),#)$"&/,#
)$+#2,"&$=&,#$%2,+-/;!
1 <$:+$=0,"-/#%,./$#+-#10,+$"20-#'-230%&-#$"#+-%#/$+-20,"$%#)$#4-/$5-;#
1 E,'-/#2,"20$"20-#)$+#4,&$"20-+#&/-"%:,/'-),/#3-20-#*"#2-'.0,#$)*2-&01,#
7*$#:,'$"&$#+-#09*-+)-)#$"&/$#'*5$/$%#6#3,'./$%;#
1 F,&-/#)$#3$//-'0$"&-%#4-/-#+-#)$&$220("#)$#2-%,%#)$#10,+$"20-#'-230%&-#
$"&/$#$+#-+*'"-),#6#,:/$2$/#4-*&-%#4-/-#*"#2,//$2&,#&/-&-'0$"&,;##
!
!

+&.0,.-#&'0,"4-+&'
!"#$%&#'()*&*+,%#-&.&#/&#0+(&1#/&#+%*2.-2.&*+,%#('#/&#'()*&*+,%#&3'*4+0256'7)&/#'%#/&#
-.8*4+*&#(2*'%4'"##

! !

"#$%#&'&!#()&*+$,&!-./0!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
!!!!!!!!!!!!/!

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
! ! !
 !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! !

,23!45625789:23!9574!;59!<895!625=;3>?5!4@;697>A9!B!523!C84<;579:23!DE;F!34!@4G4!
4534H98!45!I93!436;4I93!4!>537>7;723J!K9379!L964!;523!9H23!I9!843C;4379!4379G9!6I989M!I9!
=;56>?5! @4! I9! 436;4I9! 489! I9! 78953:>3>?5! @4! I9! 6;I7;89N! &! @O9! @4! L2BM! II4<9:23! 9! I9!
6256I;3>?5!@4!P;4!4372!52!43!3;=>6>4574!B!@4!P;4!I9!436;4I9M!62:2!9<4574!326>9I>Q9@28M!
L9!@4!4534H98!9!A>A>8!45!326>4@9@M!9I<2!P;4!52!34!9C845@4!9!789AF3!@4!I93!93><597;893!
969@F:>693N! (I! 6;88O6;I;:! 4RCIO6>72! @4! I9! 436;4I9! 645789! 3;3! 43=;48Q23!
=;5@9:4579I:4574!45!@439882II98!I23!93C46723!896>259I43!@4!I93!C4832593M!@4S95@2!45!
34<;5@2!28@45!I9!4@;696>?5!9=467>A9N!"28!4II2M!;8<4!>5628C2898!9!I9!C8T67>69!@264574!;59!
4@;696>?5! 3457>:4579I! @43@4! ;59! C483C467>A9! @4! <F5482! P;4! 78974! 6;437>2543!
>:C8436>5@>GI43! C989! I9! A>@9! 62:2! 4I! P;4! I93! C4832593! C;4@95! 45745@4834M! P;4! 34!
964C745!B!A>A95!9!<;372!6253><2!:>3:93!B!45!3;3!84I96>2543!625!I93!@4:T3!C4832593M!B!
P;4!625A>A95!3>5!A>2I456>93!B!3>5!8>43<23!C989!3;!39I;@N!!
!
(5!I9!967;9I>@9@!39G4:23!P;4!L9B!;5!84C;574!@4!A>2I456>9!:96L>379!45!I93!84I96>2543!@4!
C984S93! 9@2I43645743! 3>45@2! ;5! :27>A2! =;5@9:4579I I9! =9I79! @4! 4@;696>?5! 964869! @4!
6?:2!4579GI98!84I96>2543!9I4S9@93!@4I!:2@4I2!9:28232!C978>9869I!G939@2!45!I9!I?<>69!
@2:>596>?513;:>3>?5N! '2@4I2! P;4! @43@4! I9! 5>H4Q! >5748>28>Q9:23! 9! 789AF3! @4! I23!
@>=4845743! 9<45743! 326>9I>Q9@2843! B! P;4! A9! 625378;B45@2! I9! :95489! 45! P;4! 9:9:23!
L2:G843! B! :;S4843N! U>6L93! 84I96>2543! 4:C>4Q95! 9! @9834! =;5@9:4579I:4574! 625! I9!
9@2I436456>9!C482!I23!A9I2843!P;4!I9!6>:>45795!52!59645!4R6I;3>A9:4574!45!4I!3452!@4!
I9! 84I96>?5! B9! 4379GI46>@9M! 3>52! @4I! >:9<>598>2! P;4! 5>H23! B! 5>H93! L95! 62:C987>@2! B!
62:C98745! @43@4! 3;3! C8>:4823! 9H23! @4! A>@9N! &3OM! I9! 4@;696>?5! 9=467>A9! 43!
4R78928@>598>9:4574!>:C2879574!C989!5>H93!B!5>H23!62G895@2!<895!84I4A956>9!45!4I!6932!
@4!I93!B!I23!9@2I43645743!C28!348!;59!479C9!@25@4!4I!>5748F3!C28!4379GI4648!84I96>2543!@4!
9:>379@! B! 9:282393! 34! @43C>4879N! V4! @434569@4595! 3457>:>45723! @4! 6;8>23>@9@! B!
4R789H4Q9! L96>9! 4I! 9:28! B! I9! 9=467>A>@9@! P;4! 43! >:C2879574! 9745@48N! (5! 4379! 479C9! 34!
54643>79! >5=28:96>?5! 2GS47>A9M! 9@46;9@9M! I>G84! @4! :>723! B! C84S;>6>23N! (I! 3457>:>4572!
9:28232M! G>45! 45! 3;! :95>=43796>?5! 82:T57>62148?7>69! @4I! 9:28! @4! C984S9! 2! 45! 3;!
@>:453>?5!9:>37239M!26;C9!;5!I;<98!645789I!45!3;3!A>@93!B!=28:9!C9874!@4!3;!62564C72!
@4!=4I>6>@9@N!!
W59!@4!I93!9C28796>2543!:T3!3><5>=>697>A93!9!4374!93C4672M!=;4!I9!P;4!L>Q2!*L982!&I79GI4!
45!3;!C82B4672!@4!624@;696>?5!3457>:4579IN!(5!F374M!C82C254!L9GI98!@4!3457>:>45723!
625!I23!6L>623!B!6L>693M!72:95@2!62:2!C;572!@4!C987>@9!3;3!C82C>23!C82B46723!9:282323M!
=95793O93!B!:>4@23!625684723N!X!72@2!4II2!G9S2!4I!9:G>6>232!2GS47>A2!@4!Y4@;698!45!I9!
4RC843>?5! 39I;@9GI4! @4! 4:26>2543! B! 3457>:>45723! 3>5! I23! 43748427>C23! @4! <F5482M!
C987>45@2!@4!3;!@>9<5?37>62!B!:4@>9574!>5748A456>2543!62536>45743!B!C23>7>A93Z![&I79GI4M!
/\\]^! 0_10`aN! (5! @4=>5>7>A9M! 34! 78979! @4! A9I28>Q98! I9! 4RC843>?5! @4! I23! 3457>:>45723! @4!
6L>693!B!6L>623!>5745795@2!4@;698!C989!I9!A>@9!C8>A9@9!B!CbGI>69!45!><;9I@9@M!4RC84395@2!
625=I>6723M!@43423!B!4:26>2543!P;4!C;4@95!74548!>5748>28:4574!5>H23!B!5>H93N!!
! !

"#$%#&'&!#()&*+$,&!-./0!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
!!!!!!!!!!!!-!

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
! ! !
 !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! !
!
V4!C;4@4!II4<98!9!C45398!P;4!P;F!84I96>?5!7>454!I2!P;4!C939!45!I9!436;4I9!625!I2!P;4!C939!
45!I93!84I96>2543!@4!C984S9N!";43!G>45M!I9!84I96>?5!43!6253>@489GI4:4574!437846L9!3>45@2!
6I9A4! I9! 326>9I>Q96>?5! 45! I9! 436;4I9! B! 4I! 9G28@9S4! @4! @23! 74:93! =;5@9:4579I43^! I9!
597;89I>Q96>?5!@4!I9!9<843>A>@9@!45!I23!5>H23!B!6L>623!B!I9!326>9I>Q96>?5!@>=48456>9I!45!4I!
9:28N!!!
!
! )9!624@;696>?5!9=467>A9!C84C989!C989!I9!52!@4C45@456>9M!3;G28@>596>?5!2!@2:>5>2N!
! (@;698!C989!4I!9:28!43!4@;698!C989!I9!84=I4R>?5M!C989!39G48!P;F!L9648!625!5;437823!
! 3457>:>45723M!C989!I9!436;6L9!@4!I93!4:26>2543!C82C>93!B!9S4593M!C989!39G48!6?:2!
4RC84398I93! B! P;F! L9648! 625! 4II93! B! 52! >5748=48>8! 45! I23! @4846L23! @4! I93! @4:T3!
#
C4832593N!(@;698!C989!4I!9:28!43!4@;698!45!I23!9=46723M!4I!843C472!B!I9!><;9I@9@N!
#
#
!! @-#"-&*/-+0>-20("#)$#+-#-9/$%010)-)#2,',#2-/-2&$/G%&02-#'-%2*+0"-#

(I! C28P;F! @4! I9! 9<843>A>@9@! @4! I23! 6L>623! L96>9! I93! 6L>693! 45! 3;3! 84I96>2543! @4! C984S9!
:48464!;5!89Q259:>4572!9:CI>2!B!62:CI4S2N!"989!62:C845@48!I93!84I96>2543!G939@93!
45!4I!:2@4I2!@2:>5>213;:>3>?5!43!C846>32!6253>@4898!6?:2!34!4378;67;895!I93!84I96>2543!
B!34!843;4IA45!I23!625=I>6723!C28!I9!@>=48456>9!34R;9IN!"989!4II2M!43!>:C8436>5@>GI4!P;4!
6254674:23! B! 8436974:23! I23! 625745>@23! @4! :?@;I23! 95748>2843M! 45! 62568472! @4I!
:?@;I2!-M!@25@4!L4:23!789G9S9@2!I9!A>2I456>9!:96L>379!@43@4!;59!I?<>69!4378;67;89IN!
,2! 2IA>@4:23! P;4! I9! A>2I456>9! :96L>379! 45! I93! 84I96>2543! @4! C984S9! 52! 3;8<4!
4R6I;3>A9:4574! @4! I93! C9;793! 84I96>259I43! P;4! 45! 4II9! 34! @95M! 3>52! @4! 72@9! ;59!
>5748>28>Q96>?5!@4!62:C2879:>45723M!4:26>2543!B!A9I2843!9!I2!I98<2!@4!I9!A>@9!45!;59!
326>4@9@! P;4! L9! L46L2! @4! I9! @>=48456>9! ;59! @>368>:>596>?5! [326>9I>Q96>?5! @>=48456>9IM!
@>A>3>?5!34R;9I!@4I!789G9S2M!625=I>6723!C28!I9!@>=48456>9!34R;9IM!A>2I456>9!:96L>379!45!4I!
T:G>72! 4@;697>A2M! >5A>3>G>I>Q96>?5! @4! I93! :;S4843! 45! I23! :9748>9I43! @>@T67>623M! 476Na!
3;3745795@2! I9! 84I96>?5! @4! C2@48! @4! I23! L2:G843! =84574! 9! I93! :;S4843N! &3OM! 9574! I9!
A>2I456>9!:96L>379M!I9!624@;696>?5!9=467>A9M!43!>:C2879574!79572!C989!I23!6L>623!62:2!
C989!I93!6L>693!C;4372!P;4!9:G23!L95!6846>@2!45!4374!:2@4I2!326>9IN!!,2!2G379574M!34!
L9!@4!C843798!43C46>9I!97456>?5!9!I23!6L>623!C28!348!P;>4543!L95!9C845@>@2!9!23745798!
@>6L2!C2@48!C978>9869IN!!
&3OM!;52!@4!I23!C;5723!=;5@9:4579I43!9!74548!45!6;4579!C989!62:C845@48!I9!A>2I456>9!
:96L>379! 43! I9! 625=28:96>?5! @4! I9! >@457>@9@! @4! <F5482! 45! I23! 6L>623N! (I! :2@4I2!
:936;I>52! L4<4:?5>62! @25@4! I23! 6L>623! 34! :>@45M! 437T! 9789A439@2! 52! 3?I2! C28! I9!
A>8>I>@9@M! I9! 6;9I! 9! 3;! A4Q! 7>454! P;4! A48! 625! I9! =;48Q9! B! I9! 9<843>A>@9@M! 3>52! C28! I9!
3;C48>28>@9@! 625! 843C472! 9I! Y34R2! 2C;4372ZM! I93! :;S4843N! )23! 6L>623! 9C845@45! 45! I9!
436;4I9M!9!789AF3!@4!I23!:9748>9I43!@>@T67>623M!@4!I93!84I96>2543!625!3;3!9:>379@43M!3;3!
C82=432893!B!C82=432843M!476N!B!9!789AF3!@4!27823!9<45743!326>9I>Q9@2843!62:2!I23!:4@>23!
! !

"#$%#&'&!#()&*+$,&!-./0!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
!!!!!!!!!!!!c!

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
! ! !
 !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! !

@4! 62:;5>696>?5M! I23! S;4<23M! I9! =9:>I>9M! 476NM! P;4! I23! 6L>623! 325! =;48743! B! 7>4545! P;4!
@4:237898I2N!U4!L46L2M!I9!68>3>3!45!I9!>@457>@9@!@4!<F5482!@4!I23!6L>623!9@2I43645743!34!
645789!45!4I!DV48F!2!52!I2!3;=>6>4574:4574!L2:G84JM!93O!C;43M!45!C9I9G893!@4!'4864@43!
$I>A4>89!YL964834!L2:G84!34!625A>4874!45!4I!2GS47>A2!5986>3>379!C8>:28@>9I!C989!I2<898!4I!
8462526>:>4572!B!625=>8:96>?5!<8;C9I!@4!I9!C82C>9!A>8>I>@9@Z![-...^!]_aN!U4!4379!:95489M!
:;6L23!6L>623!3>45745!I9!54643>@9@!@4!@4:237898!3;!L2:G8O9!B!I2!L9645!>57>:>@95@2!9!
P;>4543!6253>@4895!3;3!2C;43793!4!>5=48>2843M!I93!6L>693N!(3723!625@;6793!I93!C2@4:23!
A48M! 62:2! A>:23! 45! :?@;I23! 95748>2843M! 45! I9! :252C2I>Q95@2! 4I! 43C96>2! =O3>62M! @4I!
7>4:C2!B!I23!846;8323M!9<84@>45@2!A48G9I:4574M!=O3>69:4574M!34R;9I:4574M!476N!!
!
W52!@4!I23!C82GI4:93!@4I!4S486>6>2!@4!I9!A>2I456>9!:936;I>59!43!P;4!F379!43!43456>9I>Q9@9!
62:2!6;9I>@9@!597;89I!@4!I23!L2:G843N!U43@4!4374!@>36;832M!34!I4<>7>:95!967>7;@43!B!34!
:>5>:>Q95!625346;456>93N!)9!6FI4G84!=8934!@4!YI23!6L>623!325!72@23!;523!G8;723Z!43!4I!
6I982! 4S4:CI2! @4! 93;:>8! 625! 528:9I>@9@! 9I<2! P;4! @4G48O9! @4! 62884<>834N! V>5! @98523!
6;4579M!4379:23!@95@2!AO9!I>G84!9!72@9!;59!348>4!@4!625@;6793!:96L>3793!P;4!P;4@95!
S;37>=>69@93!C28!;5!@>36;832!43456>9I>379!P;4!34!L9!84C47>@2!L9379!I9!396>4@9@!62:2!4I!
P;4!I23!6L>623!325!=;48743!B!A>2I45723!C28!597;89I4Q9N!)93!9<843>2543!A48G9I43M!=O3>693M!
34R;9I43!B!9:G>4579I43!P;4!I23!6L>623!62:4745!625789!I93!6L>693!45!4I!62574R72!4362I98/!
325!C82@;672!@4!I9!I4<>7>:96>?5!@4!4379!:95489!@4!43798!45!4I!:;5@2!B!@4!9C845@48!9!
9;729=>8:9834!9!789AF3!@4!I9!A>2I456>9!B!4I!@2:>5>2!@4!27893!C4832593N!V4<b5!);>3!#2S93!
'98623!5;43789!326>4@9@!L9G8O9!625378;>@2!7843!=>8:43!896>259I>Q96>2543!6;I7;89I43!C989!
S;37>=>698!4379!A>2I456>9!:936;I>59!625789!I93!:;S4843^!4I!6;I72!9I!Y:96L2ZM!I9!<I28>=>696>?5!
@4!I9!62:C47>7>A>@9@!B!4I!C8>56>C>2!@>=48456>9@28!@4!I23!Y27823Z![/\\`aN!!U4!4379!:95489M!
34! C;4@4! II4<98! 9! I4<>7>:98! I9! >:9<45! @4! I23! L2:G843! 62:2! 9<843>A23M! >:CI969GI43M!
@43C>9@9@23M!34<;823!@4!3O!:>3:23!B!3>5!625643>?5!9I<;59!9!I2!3457>:4579IN!!
!
*9G4! 4RCI>698! 9P;O! I2! P;4! '98O9! d23F! UO9Q1&<;9@2! 6256I;B4! 9! C987>8! @4! 3;3!
>5A437><96>2543!964869!@4!I9!A>2I456>9!:96L>379!45!4I!62574R72!4362I98M!62:2!C28!4S4:CI2M!
P;4!I23!9I;:523!P;4!962395!9!3;3!62:C9H4823e93!2!789795!:9I!9I!C82=43289@2!437T5!:T3!
@4!96;48@2!P;4!I23!@4:T3!625!I93!684456>93!P;4!II4A95!9!S;37>=>698!I9!A>2I456>9!45!@>37>572!
7>C2! @4! 84I96>2543M! :95>=437T5@234! 62:2! :T3! 34R>3793M! R45?=2G23! B! 896>3793N! E;4!
9@4:T3M! F3723! 7>4545! @>=>6;I79@43! C989! C254834! 45! 4I! I;<98! @4! I23! @4:T3M! 436939!
69C96>@9@! @4! 9;7268O7>69M! G9S9! 72I48956>9! 9! I9! =8;37896>?5! 4! >53;=>6>45743! L9G>I>@9@43!
9I748597>A93!9!I9!A>2I456>9N!&3>:>3:2M!I9!9;7289!2G348A?!C28!2789!C9874M!P;4!I23!C82GI4:93!
9326>9@23! 9I! 43748427>C2! =4:45>52! 789@>6>259I! [@4G>I>@9@M! 2G4@>456>9M! 3;:>3>?5fa!
>5684:45795! 4I! 8>43<2! @4! P;4! ;59! 9I;:59! 2! ;5! 9I;:52! 349! 4I4<>@2! 62:2! AO67>:9! @4!
96232!3>!4I!3>374:9!4362I98!52!I4!C8274<4![UO9Q1&<;9@2M!-..\^!c_aN!
!

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
/
!#4A>398!7>C2I2<O9!@4!9<843>2543!34R>3793!45!4I!'?@;I2!-N!
! !

"#$%#&'&!#()&*+$,&!-./0!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
!!!!!!!!!!!!_!

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
! ! !
 !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! !

(3!>:C8436>5@>GI4!P;4!I23!6L>623!3495!4@;69@23!45!5;4A23!:2@4I23!@4!:936;I>5>@9@!P;4!
437F5! I>G843! @4I! 4S486>6>2! @4! I9! =;48Q9! B! I9! 9<843>A>@9@! 62:2! 4I4:45723! 9326>9@23! 9! I9!
A>8>I>@9@N!)93!L9G>I>@9@43!@4!>5748966>?5!C483259IM!@4!62:;5>696>?5!O57>:9M!93O!62:2!I93!
625@;6793!@4!6;>@9@2!B!622C4896>?5!B!9=467>A>@9@!34!L95!@4!=2:45798!45!:9B28!:4@>@9!
45! I23! 6L>623! C;43! I9! 326>9I>Q96>?5! 846>G>@9! C28! F3723! >5L>G4! I9! 4RC843>?5! @4! 43793!
L9G>I>@9@43!B!625@;6793N!V4<b5!'N!*98:45!#2@8O<;4QM!@43@4!4379!C483C467>A9!34!L9!@4!
68498!;59!97:?3=489!@4!9C2B2!45!4I!9;I9!P;4!C48:>79!9!I23!5>H23!4RCI2898!B!:237898!3;3!
3457>:>45723M! 6;437>2595@2! I93! 528:93! P;4M! 789@>6>259I:4574M! L95! 625=><;89@2! I9!
:936;I>5>@9@N!"28!79572M!43!5464398>2!979698!I9!>@49!@4!P;4!6>48793!4:26>2543!52!325!
:936;I>593M!9B;@98!9!I23!6L>623!9!4RC84398!3;3!3457>:>45723!:T3!A;I5489GI43!B!C82:2A48!
I9!62:C8453>?5!B!I9!625=>95Q9!45!4I!<8;C2![-..c^!0caN!!
!
(3! 5464398>2! P;4! 79572! 6L>693! 62:2! 6L>623! 93C>845! 9! I9! 7279I>@9@! @4! I23! A9I2843M! P;4!
C;4@95! 3457>834! >@457>=>69@23e93! 625! A9I2843! P;4! 52! 4R6I;B95! 27823M! L96>45@2!
62:C97>GI4M! C28! 4S4:CI2M! I9! 4:C97O9! B! 4I! C2@48M! @4! =28:9! P;4! 59@>4! 745<9! P;4!
>@457>=>69834! 625! 4I! @2:>5>2! C989! 74548! C2@48M! 5>! 625! I9! 3;:>3>?5! 62:2! 4RC843>?5! @4!
4:C97O9N! +<;9I:4574! 3><5>=>697>A2! 43! 789G9S98! 43C46O=>69:4574! 625! I93! 6L>693! 45! I9!
@4625378;66>?5!@4I!:2@4I2!@4!=4:>5>@9@!L4<4:?5>62!@25@4!I9!C93>A>@9@!B!I9!3;:>3>?5!
325!4S43!A4874G89@2843!@4I!:>3:2!B!9B;@98I93!C989!3;!4:C2@489:>4572N!!
!
! "989!62:C845@48!I9!A>2I456>9!:96L>379!L9B!P;4!74548!45!6;4579!6?:2!34!625=28:9!
! I9!>@457>@9@!@4!<F5482!45!I23!6L>623!45!4I!3>374:9!C978>9869IN!)9!684456>9!@4!F3723!45!
# P;4!I9!9<843>A>@9@!B!I9!=;48Q9!=28:95!C9874!@4!3;!>@457>@9@!62:2!L2:G843!II4A9!9!
# I4<>7>:96>?5!@4!I9!A>2I456>9!B!9!I9!93;56>?5!@4!I9!3;C48>28>@9@!625!843C472!9!I93!P;4!I9!
# 326>4@9@!52!6253>@489@2!L>37?8>69:4574!3;3!><;9I43M!I93!6L>693N!
#
#
!! H,20-+0>-20("#)0:$/$"20-+#$"#$+#-',/#
#
W59!@4!I93!89Q2543!C28!I93!P;4!I93!84I96>2543!9=467>A93!52!L95!3>@2!62574:CI9@93!@45782!
@4!;5!C82<89:9!4@;697>A2!43!I9!43456>9I>Q96>?5!@4I!3457>:>4572!9:28232N!!&3OM!C2@4:23!
6253>@4898!P;4!4I!9:28!P;4!A>A45!9I;:523!B!9I;:593!45!3;!A>@9!C8>A9@9!43!9I<2!O57>:2!
B!C483259IM!P;4!7>454!P;4!A48!625!4I!T:G>72!C8>A9@2!B!P;4!52!7>454!59@9!P;4!A48!625!4I!
T:G>72!4362I98!B!C28!79572!52!L9B!I;<98!C989!I9!>5748A456>?5M!3>5!4:G98<2M!:;B!I4S23!@4!
I9!849I>@9@N!)23!3457>:>45723!P;4!6253>@489:23!:T3!O57>:23!52!I2!325M!9!C4398!@4!A>A>8I23!
93OM!7>4545!P;4!A48!625!4I!:;5@2!45!4I!P;4!4379:23M!625!I9!62:CI4S9!84@!@4!82I43!45!I9!
P;4!4379:23!>5:48323M!625!I23!A9I2843!>:C;43723M!625!I9!6;I7;89!B!625!I9!FC269!P;4!523!
L9!7269@2!A>A>8N!!
!

! !

"#$%#&'&!#()&*+$,&!-./0!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
!!!!!!!!!!!!g!

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
! ! !
 !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! !

*L>623!B!6L>693!9C845@45!9!84I96>259834!9=467>A9!B!34R;9I:4574!45784!3O!9!C987>8!@4!;5!
:9862!9:28232!P;4!5;43789!326>4@9@!L9!>@49I>Q9@2!B!P;4!52!437T!G939@2!45!84I96>2543!
><;9I>798>93N! ! *>4872! 43! P;4! 52! C2@4:23! 45745@48! P;4! 72@93! I93! C4832593! 9:95! @4! I9!
:>3:9! :95489M! G9S2! 4R96723! C9782543! @4! C4539:>4572! B! 625@;679! C482! 3O! C2@4:23!
9=>8:98!I9!4R>37456>9!45!I9!326>4@9@!@4!;5!>@49I!9:28232!P;4!34!78953:>74!B!34!4R9I79!9!
789AF3!@4!I23!I>G823M!C82@;6723!6;I7;89I43M!C4IO6;I93M!6956>2543M!476NM!B!3><;4!3>45@2!;5!
84=484574!C989!;59!<895!:9B28O9!@4!S?A4543N!V>!G>45!43!6>4872!P;4!45!I23!7>4:C23!P;4!
A>A>:23!72:95!=;48Q9!5;4A93!=28:93!@4!C984S9!B!5;4A23!C96723!9:282323M!4R>374!9b5!
;59!>@42I2<O9!964869!@4I!9:28!82:T57>62!G939@2!45!84I96>2543!34R>3793!45784!L2:G843!B!
:;S4843!P;4!I4S23!437T!@4!43798!45!68>3>3N!!

h9S2!4374!:2@4I2!34R>379!@4I!9:28!C2@4:23!2G348A98!P;4^!
!
1! &!I93!6L>693M!34!I43!326>9I>Q9!C989!4I!6;>@9@2!@4!I9!2789!C483259!3>5!43C4898!59@9!9!
69:G>2M! 3>5! 846>C826>@9@M! A9I28T5@234! 4379! 45784<9! 9G32I;79! B! @4! 845;56>9! 9! ;59!
:>3:9!B!9!3;3!54643>@9@43!2!@43423N!'>457893M!9!I23!6L>623M!34!I43!84=;48Q9!C989!52!
C23448! 5>5<;59! @4! 43793! 69896748O37>693! P;4! 34! I43! 3;C2545! 9! I93! 6L>693! B! 34! I43!
4:C;S9! 9! 625789C4398! F3793! 625! 3;3! 2C;43723! [896>259I>@9@M! =;48Q9! B! 9;3456>9! @4!
4:26>2543NaN!(5!@4=>5>7>A9M!9!4II93!34!I43!6253>@489!Y348431C989127823Z!B!9!4II23!Y348431
C98913OZ![)9<98@4M!-...aN!!
!
1! )93!4RC46797>A93!3457>:4579I43!@4!<F5482!325!@>=4845743!C989!6L>693!B!6L>623N!(5!4I!
6932!@4!I93!6L>693M!B!9!C4398!@4!I23!>:C28795743!69:G>23!96946>@23!45!I93!!bI7>:93!
@F69@93M! 72@2! I2! P;4! 7>454! P;4! A48! 625! 4I! 9:28! [I23! :>723! @4! 9:28! 82:T57>62M!
684456>93M! 476Na! 3><;4! =28:95@2! C9874M! 625! C987>6;I98! =;48Q9M! @4! I9! 326>9I>Q96>?5!
=4:45>59M!625A>87>F5@234!45!C9874!C8>28>798>9!@4!3;!C82B4672!A>79IN!&3OM!I9!625346;6>?5!
@4I!9:28!B!3;!@439882II2![4I!459:289:>4572M!I9!84I96>?5!@4!C984S9!B!4I!6;>@9@2!@4I!
2782a!3><;45!3>45@2!4I!4S4!45!72852!9I!6;9I!<>89!@4!:2@2!62:CI472!2!693>!62:CI472!I9!
A>@9!@4!:;6L93!:;S4843M!:>457893!45!I9!A>@9!@4!I23!A982543!I2!C8>28>798>2!3><;4!3>45@2!
4I!8462526>:>4572!326>9I!BM!45!72@2!6932M!4I!9:28!2!I9!84I96>?5!@4!C984S9!3;4I4!26;C98!
;5!34<;5@2!CI952![i48848!B!h236LM!-./c^!/.`aN!!
!
W59!>5A437><96>?5!II4A9@9!9!69G2!625!S?A4543!C28!*L982!&I79GI4![/\\`aM!2G348A?!P;4!
><;9I:4574! I23! 82I43! 3457>:4579I43! @4! 967>A>@9@1C93>A>@9@! 34<;O95! C9;793!
789@>6>259I43!@4!<F5482!@4!:2@2!P;4!I93!6L>693!745@O95!9!:237898!45!I93!84I96>2543!
3457>:4579I43!P;4!625378;O95![@4!:2@2!>:9<>598>2!C989!4I!437;@>2a!;5!82I!C93>A2!B!
625! C84@2:>5>2! @4I! 9:28M! :>457893! I23! 6L>623! 4895! :9B28>798>9:4574! 967>A23M! I93!
C84=48O95!9!4II93!C93>A93!B!45!3;3!L>3728>93!C84@2:>59G9!4I!34R2N!$7893!>5A437><96>2543!
2G348A95!4R9679:4574!I2!:>3:2M!@25@4!I93!6L>693!34!69896748>Q95!C28!:237898!;59!
>@49I>Q96>?5!@4I!9:28!B!;59!45784<9!>5625@>6>259I!9!I9!84I96>?5!9:28239!B!I23!6L>623!
! !

"#$%#&'&!#()&*+$,&!-./0!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
!!!!!!!!!!!!0!

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
! ! !
 !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! !

:;437895!;59!@>3C23>6>?5!:;6L2!:4528!9!I9!845;56>9!7279IM!I9!45784<9!B!;59!:4528!
6257456>?5!4:26>259I![i48848!B!h236LM!-./c^!/.\aN!
!
1! V4! @9! ;59! 84I96>?5! 45784! 9:28M! 845;56>9! B! 3;=8>:>4572N! W5! 437;@>2! @4368>C7>A2!
849I>Q9@2!45!>537>7;723!:9@8>I4H23!625!_g.!9@2I43645743!B!S?A4543!@4!45784!/g!B!/\!
9H23!625=>8:9!4379!625=;3>?5!45784!I9!A>2I456>9!B!4I!9:28!B9!P;4!45!4I!:>3:2M!4I!`.j!
@4!I93!6L>693!B!;5!]gj!@4!I23!6L>623!52!84I96>259G95!I9!=9I79!@4!9:28!625!4I!:9I78972!
['4893!)I>4G84M!-..caN!(3!@46>8M!I9!<895!:9B28O9!@4!6L>693!B!6L>623!C4539G95!P;4!34!
C;4@4!9<84@>8M!L9648!3;=8>8!B!69;398!@9H2!9!9I<;>45!9!P;>45!34!P;>484N!+<;9I:4574M!I23!
843;I79@23!@4!2789!>5A437><96>?5!849I>Q9@9!625!:T3!@4!cg.!6L>693!S?A4543M!C;3>4825!
@4! :95>=>4372! @>=>6;I79@43! B! 698456>93! 348>93! C28! C9874! @4! I93! 6L>693! 9@2I43645743!
C989!C486>G>8!I9!A>2I456>9!C3>62I?<>69!45!3;3!84I96>2543!@4!52A>9Q<2M!3>45@2!4I!9:28!
4I!4I4:4572!P;4!:9B28!625=;3>?5!C82@;6O9![(37FG954QM!-./.^!_gaN!
!
(379!9326>96>?5!@4!>@493!45784!3;=8>:>4572M!845;56>9!B!9:28M!C82A>454!@4!I23!=9I323!
:>723! @4I! 9:28! 82:T57>62! [:>72! @4! I9! :4@>9! 59895S9M! I23! 64I23! 62:2! :;43789! @4!
9:28M!I9!45784<9!7279IM!I9!2:5>C843456>9!@4I!9:28M!476NaN!)23!:>723!7>4545!;59!<895!
698<9! 4:27>A9! C989! 6L>623! B! 6L>693! B! 6256457895! :;6L23! 3457>:>45723M!
62578>G;B45@2! 93O! 9! :9574548! ;59! >@42I2<O9! 9:28239! 843>374574! 9I! 69:G>2! B! 9I!
89Q259:>4572N!!
!
1! )9! L2:234R;9I>@9@! 34! 625A>4874! 45! YI2! @>=484574Z! B! 45! ;5! 93;572! 79Gb! 9574! I23!
A9I2843! L47482528:97>A23! >:C4895743! 45! 5;43789! 326>4@9@! B! 436;4I9N! %9B3! B!
I43G>9593!456;457895!;59!4528:4!@>=>6;I79@!9P;O!C989!74548!84=4845743!>@457>798>23!
45! 43793! 4@9@43! 795! 68O7>693! B9! P;4! 52! 843C25@45! 9! I23! :2@4I23! 9:282323!
I4<>7>:9@23!326>9I:4574N!&3OM!34!625A>48745!45!:;6L93!2693>2543!45!2GS472!@4!G;8I9!
4!>56I;32!@4!4R6I;3>?5!45!I23!6457823!4362I9843N!!"28!45@4M!43!=;5@9:4579I!P;4!45!4I!
T:G>72!4@;697>A2M!62:2!43C96>2!@4!84=48456>9M!34!C;4@9!:95>=43798!I9!@>A483>@9@!B!
39I>8!93O!@4!I9!A;I5489G>I>@9@!9!I9!P;4!I43!32:474!4I!:>4@2![74:28!9I!846L9Q2!B!9!I9!
32I4@9@aN!'>457893!P;4!I23!9@2I43645743!L4748234R;9I43!9C845@45!9!326>9I>Q9834!45!
4I!9:28!9G>4879:4574M!<9B3!B!I43G>9593!9C845@45!9!43625@4834N!!
!
,23!;8<4!C28!79572!@43@4!I9!436;4I9M!@4345:9369898!4I!:2@4I2!A><4574!B!@4625378;>8I2!
45! 72@93! 3;3! =964793! C989! 625378;>8! 5;4A23! 84=4845743! P;4! 52! 97>45@95! 9! 47>P;4793! 5>!
:2@4I23! 8O<>@23M! 79849! C8>28>798>9! @4! I9! 624@;696>?5! 3457>:4579I! B! 34R;9IN! V4! 78979! @4!
>5A>798!9I!69:G>2!@4!967>7;@43!:4579I43M!4:26>259I43!B!628C289I43!@4!I9!84I96>?5!45784!
I23!34R23!B!45784!72@93!I93!C4832593M!@4!4534H98!9!843C479834!9!3O!:>3:23!B!9!3O!:>3:93M!
3;!C82C>2!43C96>2M!3;3!3457>:>45723!B!2C>5>2543!B!9!I9!A4Q!843C4798!9!I93!27893!C4832593N!
(5!@4=>5>7>A9M!34!78979!@4!4534H98!9!9:98!@43@4!I9!I>G4879@!B!I9!><;9I@9@N!!

! !

"#$%#&'&!#()&*+$,&!-./0!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
!!!!!!!!!!!!]!

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
! ! !
 !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! !

(R>374!72@9!;59!348>4!@4!>5A437><96>2543!969@F:>693!32G84!4I!74:9!@4!9:28!82:T57>62!B!
A>2I456>9! :96L>379! P;4! I4! @2795! @4! 8><;823>@9@! B! 698T6748! 6>457O=>62N! &3OM! I23!
62526>:>45723!@48>A9@23!@4!I93!>5A437><96>2543![843;I795743!@4!I93!4RC48>456>93!@4!I93!
:;S4843M! @4I! 95TI>3>3! 326>9IM! C2IO7>62M! 6;I7;89IM! 476Na! 523! @95! I9! C23>G>I>@9@! @4! 4RCI>698M!
62:C845@48M! C84@46>8M! A9I2898! B! 84=I4R>2598! 32G84! 43723! L46L23N! (5784! 43723! 437;@>23!
6>457O=>623M!8439I798!9P;O!I23!C82B46723!F$+#'0&,#)$+#-',/#/,'?"&02,#-#+-#10,+$"20-#2,"&/-#
+-%# '*5$/$%! [-..ga! B! B/,:*")0>-"),# $"# $+# -"?+0%0%# )$+# '0&,# )$+# -',/# /,'?"&02,# 6# %*%#
/$+-20,"$%#2,"#+-#10,+$"20-#2,"&/-#+-%#'*5$/$%#$"#+-#4-/$5-I#-"?+0%0%#2*-+0&-&01,![-..]aM!
@>8><>@23! C28! (3C4895Q9! h236L! i>2IM! @4! I9! W5>A483>@9@! @4! I93! +II43! h9I4983M! 9:G23!
C82B46723!=>5956>9@23!C28!4I!+537>7;72!@4!I9!';S48!B!4I!'>5>3748>2!@4!+<;9I@9@!45!4I!:9862!
@4! I9! 625A269728>9! V;GA456>2543! @437>59@93! 9! I9! 849I>Q96>?5! @4! >5A437><96>2543! B!
437;@>23! 32G84! I93! :;S4843! @4I! +537>7;72! @4! I9! ';S48N! k9:G>F5! 8439I798! I23! 437;@>23! B!
C82<89:93!32G84!I9!C84A456>?5!@4!I9!A>2I456>9!@4!<F5482!@43@4!I9!4@;696>?5!@>8><>@23!
C28!'98O9!UO9Q1&<;9@2![-../a!B!C28!'98O9!UO9Q1&<;9@2!B!#2398>2!'987O54Q!&8>93![-..-aM!
9:G23!437;@>23!II4A9@23!9!69G2!45!I9!W5>A483>@9@!*2:CI;74534!@4!'9@8>@!625!4I!9C2B2!
@4I!+537>7;72!@4!I9!';S48N!!
!
! )9! 326>9I>Q96>?5! @>=48456>9I! 45! 4I! 9:28! @4=>54! ;5! :2@4I2! @4! C984S9! G939@2! 45! I9!
! @43><;9I@9@! 45784! :;S4843! B! L2:G843! I2! P;4! 3;C254! ;5! =96728! @4! 8>43<2! C989! 4I!
! 4379GI46>:>4572!@4!84I96>2543!@4!A>2I456>9!:96L>379N!!
!
!

9"#:2%2*'.#/&#0+2/'%*+&#;&*<+64&#'%#/&6#.'/&*+2%'6#('#-&.'=&#-&.&#-.'0'%+./&"#

"989!C2@48!C84A45>8!I9!A>2I456>9!:96L>379!43!=;5@9:4579I!P;4!34!6252Q69M!C28!79572M!
4RCI>6984:23!9!6257>5;96>?5!I93!@>=4845743!4RC843>2543!@4!A>2I456>9!@45782!@4!I9!C984S9!
B!4I!6>6I2!@4!I9!A>2I456>9N!

!! E04,%#)$#10,+$"20-%##
#
)9!3><;>4574!79GI9!C48:>74!4RCI>698!@4!:95489!3>374:97>Q9@9!I93!A>2I456>93![V9>QM!-./c^!
c01c]a^!
!
! &66>?5M! 528:9I:4574! @4! 698T6748! A48G9IM!
! P;4! C82A269! @9H2! C3>62I?<>62! 45! I93!
:;S4843M! 967;95@2! 32G84! 3;! 69C96>@9@! @4!
l+$)(,*+&!"V+*$)m%+*&! @46>3>?5N! +5=I;B4! 4I! 4:CI42! @4! :4695>3:23!
! @4! 625782I! B! 62:;5>696>?5! P;4! 9745795!
! 625789! 3;! >574<8>@9@! C3>62I?<>69M! 3;!
G>4543798M!3;!9;72437>:9!2!3;!6253>@4896>?5M!
! !

"#$%#&'&!#()&*+$,&!-./0!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
!!!!!!!!!!!!`!

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
! ! !
 79572!CbGI>69!62:2!C8>A9@9M!9574!I93!@4:T3!
C4832593N! U43C846>98! I2! P;4! L964! 2! @>64M!
L9648!P;4!34!3>4579!6;IC9GI4M!789798I9!62:2!
3>! =;489! ;59! 436I9A9M! L9648! 62:45798>23!
@439745723! 32G84! 3;! =O3>62M! L;:>II98I9! 2!
@45><898I9!45!CbGI>62!2!C8>A9@2M!68498I4!:9I9!
84C;796>?5M!2GI><98I9!9!845@>8!6;45793!32G84!
3;3! 84I96>2543! 2! 625796723! 625! 27893!
C4832593M!2GI><98I9!!9!82:C48!3;3!9:>379@43M!
C82L>G>8I4!L9GI98!625!C4832593!@4I!2782!34R2M!
:237898!64I23!@4!3;3!9:>379@43M!I>:>798I4!3;!
43C96>2! A>79I! 2! 52! 843C4798I2M! G82:93! 625!
625745>@2! :96L>379! B! @45><89574M!
>5=89A9I2896>?5! @4! 3;3! 9C28796>2543! 2!
4S46;6>2543M! >53;I723! CbGI>623! 2! C8>A9@23M!
9:459Q93M! >57>:>@96>?5M! 6L9579S4!
4:26>259IM!476N
k2@9!966>?5!849I>Q9@9!A2I;5798>9:4574!P;4!
C82A2P;4!2!C;4@9!C82A2698!@9H2!2!I43>2543!
=O3>693! 45! I93! :;S4843! P;4! I2! C9@4Q695N!
l+$)(,*+&!inV,*&! +56I;B4!4I!;32!@4!I9!=;48Q9!=O3>69!2!@4!2GS4723!
C989! 9745798! 625789! 3;! >574<8>@9@! =O3>69! Be2!
3;! A>@9N! (:C;S2543M! 7>82543! @4! C4I2M!
G2=479@93M! <2IC43M! C979@93M! C4II>Q623M!
:28@>3623M!476N!!
*;9IP;>48!974579@2!625789!I9!I>G4879@!34R;9I!
@4! I93! :;S4843! P;4! 9=4674! 9! 3;! >574<8>@9@!
=O3>69! 2! 9=467>A9M! C28! 4I! P;4! 34! I43! 2GI><;4!
625789! 3;! A2I;579@! 9! 32C28798! 96723! @4!
597;89I4Q9! 34R;9I! 2! 9! 849I>Q98I23M!
l+$)(,*+&!V(oW&)! C84A9I>F5@234! @4! ;59! 3>7;96>?5! @4! C2@48M!
4:CI495@2!45<9H23M!62966>2543M!9:459Q93!
2 4I! ;32! @4! I9! =;48Q9N! +56I;B4! G82:93M
4RC843>2543! <8234893M! ;5! G432! =28Q9@2M
6;9IP;>48! 9672! 2! 84I96>?5! 34R;9I! 52
6253457>@9M! 6;9IP;>48! 9672! P;4! 6253>@484
L;:>II9574!2!@2I28232M!476N
U4378;66>?5!Be2!:9I78972!@4I!4572852!@4!I9!
:;S48! 625! >57456>?5! @4! @434379G>I>Q98I9!
C3>62I?<>69:4574N!%2IC498M!I95Q98!B!82:C48!
l+$)(,*+&!&'h+(,k&)! 2GS4723M! 43625@48! 2! 69:G>98! @4! 3>7>2! I23!
2GS4723!@4!I9!:;S48M!52!843C4798!3;!628842M!
9882S98! 3;3! 62393! 9! I9! 69II4M! >:C4@>8! 4I!
@4369532M! :9I789798! 9! 3;3! 95>:9I43! 2!
:9362793M!476N!

"#$%#&'&!#()&*+$,&!-./0!
!!!!!!!!!!!!\!
 !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! !

! *25782I! @4! 3;! @>5482! Be2! @4! C82C>4@9@43!

! 62:C987>@93N! ,4<98I4! Be2! 625782I98! 3;!
l+$)(,*+&!(*$,m'+*&! 966432! 9I! @>5482! C82C>2! 2! 62:b5! [P;>798I4!
798S4793! @4! 68F@>72M! 966432! 9! 6;45793!
G95698>93a!<454898!@4C45@456>9!4625?:>69M!
>:C4@>8!P;4!9664@9!9!;5!C;4372!@4!789G9S2!
[Be2!P;4!@>3C25<9!@4!3;3!<95956>93aM!54<98I4!
@4846L2!9!I9!C82C>4@9@M!476N!
!
!
!! J02+,#)$#+-#10,+$"20-#
#
(3793! A>2I456>93! 325! I93! P;4! 34! L9II95! @>84679:4574! A>56;I9@93! 625! I93! 84I96>2543! @4!
C984S9! B! 9:28! 82:T57>62N! [h236LM! (3C4895Q9M! &N! i48848M! l>6728>9M! i4884>82M! l>8<>5>9M!
,9A9882M!*9C>II9M!-./c^!-_]aN!U>6L93!A>2I456>93!325!4S486>@93!9!789AF3!@4!I2!P;4!)42528!
p9Iq48![/\]\a!@452:>5?!4I!Y6>6I2!@4!I9!A>2I456>9Z!P;4!4RCI>6?!93O^
!
i934!/N!&6;:;I96>?5!@4!7453>?5N!!)9!7453>?5!43!4I!843;I79@2!@4I!9;:4572!@4!625=I>6723!45!
I9!C984S9N!(I!:9I78979@28!43!L237>IM!9;5P;4!9b5!52!I2!@4:;43789!625!A>2I456>9!=O3>69M!B!I9!
AO67>:9! 78979! @4! 69I:98! I9! 3>7;96>?5! B! 4A>79! L9648! 9P;4II2! P;4! 6844! P;4! @>3<;379! 9! 3;!
C984S9M!C45395@2!P;4!C;4@4!4A>798!I9!=;7;89!9<843>?5![C3>62I?<>69!2!=O3>69aN!(379!=934!34!
C;4@4!@>I9798!@;89574!:;6L2!7>4:C2N!(5!4379!3>7;96>?5!4I!62:C2879:>4572!@4!I9!:;S48!
43!@4!54<96>?5!B!896>259I>Q96>?5!@4!I2!26;88>@2!P;4!34!4RC8439!45!I9!S;37>=>696>?5!@4!3;!
C984S9N! V;! 4379@2! 4:26>259I! 43! 795! C84698>2! P;4! I4! C;4@4! II4A98! 9! 3>7;96>2543! @4!
@4C843>?5!B!953>4@9@!P;4!I9!>569C96>795!C989!A9I2898!I2!P;4!437T!3;64@>45@2M!B9!P;4!3;!
4548<O9!437T!45!I9!4A>796>?5!@4!;5!:9I!:9B28N!!!
!
i934!-N!(RCI23>?5!A>2I4579N!!(3!4I!843;I79@2!@4!I9!7453>?5!96;:;I9@9!45!I9!C8>:489!=934N!
(5! 4379! 34<;5@9! 479C9! 34! C>48@4! C28! 62:CI472! 72@9! =28:9! @4! 62:;5>696>?5! B!
45745@>:>4572! B! 4I! :9I78979@28! 4S4864! I9! A>2I456>9! 45! 3;! 3457>@2! 9:CI>2M! 9! 789AF3! @4!
9<843>2543!A48G9I43M!C3>62I?<>693M!=O3>693!Be2!34R;9I43N!&P;O!I9!:;S48!62:>45Q9!9!C45398!
P;4!6;9IP;>48!6239!P;4!@><9!2!L9<9!C;4@4!C82A2698I4!C28!I2!P;4!34!3457>8T!6;IC9GI4N!)9!
625=>95Q9!B!I9!684456>9!45!4II9!:>3:9!69@9!A4Q!34!A9!:48:95@2!:T3N!!!
!
i934!cN!&884C457>:>4572N!!U;89574!4379!479C9!I9!7453>?5!B!I9!A>2I456>9!@439C984645!B!4I!
:9I78979@28! 34! :;43789! 9884C457>@2! C28! I2! P;4! L9! L46L2M! 62I:95@2! 9! I9! :;S48! @4!
C82:4393!@4!69:G>2N!(379!=934!L9!A45>@2!9!II9:9834!79:G>F5!@4!YI;59!@4!:>4IZM!C28P;4!
4I!L2:G84!34!:;43789!9:9GI4!B!698>H232M!4:;I95@2!I9!>@49!@4!I9!A;4I79!9I!62:>45Q2!@4!
I9!84I96>?5!@4!9=467>A>@9@N!(3!45!4379!=934!I9!:;S48!34!9C4<9!9!I93!A>A456>93!@4!9:28M!9!I23!
:>723M!3>57>45@2!6;IC9G>I>@9@!3>!82:C4!I9!84I96>?5M!476N!V4!C486>G4!9!3O!:>3:9!62:2!I9!
843C2539GI4!@4I!G>4543798!4:26>259I!@4!I9!C984S9N!!!
! !

"#$%#&'&!#()&*+$,&!-./0!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
!!!!!!!!!!!!/.!

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
! ! !
 !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! !
!
k893!4379!=934!@4!9884C457>:>4572!A2IA48T!I9!=934!@4!7453>?5!B!34!84C47>8T!@4!5;4A2!4I!
:>3:2! 6>6I2! :>457893! 34! :95745<9! I9! 84I96>?5! @4! C984S9N! ! V4<b5! )42528! p9Iq48! 4374!
:2@4I2!43!9CI>69GI4M!52!9!72@93M!C482!3>!9!:;6L93!:;S4843!P;4!3;=845!43793!84I96>2543!
@4!A>2I456>9M!9C;5795@2!P;4!C;4@45!4R>37>8!C46;I>98>@9@43!45!69@9!C984S9![/\\`^!g]aN!!
!
!
!! K")02-),/$%#4-/-#+-#)$&$220("##
!
"2@4:23!43798 9574!I9!@;@9!B!52!74548!I9!34<;8>@9@ @4!3>!;59!6L>69!437T!3;=8>45@2!;59!
3>7;96>?5!@4!A>2I456>9!:96L>379!45!3;!84I96>?5!@4!C984S9N!&!6257>5;96>?5M!C8434579:23!
9I<;523!@4!I23!>5@>69@2843!P;4!C;4@45!9B;@98I43!9!I9!@47466>?5![';S4843!45!+<;9I@9@M!
-.//a^!!
!
1! (:26>259I43^!:;43789!625=;3>?5!2!>5@46>3>?5!843C4672!9!I9!84I96>?5!@4!C984S9M!436932!
2!5;I2!625782I!4:26>259I!9574!3>7;96>2543!43784395743M!9574!II9:9@93!@4!I9!C984S9M!
3457>:>45723! @4! 32I4@9@M! 34! 3>4574! 8989M! :;43789! :>4@2! 9574! 6;9IP;>48! 3>7;96>?5!
95?:9I9! 2! 5;4A9M! L9! 3;=8>@2! :9I78972! 45! 3;! 95748>28! 2! 95748>2843! 84I96>2543! @4!
C984S9N!
!
1! iO3>623^!L4:972:93M!L48>@93M!893<;H23M!827;893!@4!L;4323!P;4!S;37>=>69!@4!I93!:T3!
@>A48393!:954893N!!
!
1! "3>62I?<>623^! 69:G>23! @4! 4379@2! @4! T5>:2M! G9S9! 9;72437>:9M! C82GI4:93! @4! 3;4H2M!
548A>23>3:2M!@2I2843!@4!69G4Q9!6257>5;23!2!C48>?@>623M!C82GI4:93!@4!6256457896>?5N!
!
1 *25@;67;9I43^! :>4574! ;! 26;I79! 9! 3;3! C9@843M! 9I! C82=43289@2! 2! 9:>379@43! I93!
625@;6793! 9G;3>A93! @4! 3;! C984S9M! ;7>I>Q9! 82C9! 52! 9628@4! 625! I9! FC269! @4I! 9H2! 2!
3>7;96>?5!C989!26;I798!:28972543!2!L48>@93M!6253;:2!9G;3>A2!@4!9I62L2I!B!@82<93M!
@4S9! @4! 849I>Q98! 3;3! 967>A>@9@43! =9A28>793! C989! 43798! 625! I9! C984S9M! 6257>5;9:4574!
84A>39!3;!:?A>I!2!:9>I!C989!A48!3>!34!L9!62:;5>69@2!625!4II9!3;!C984S9M!B!3>!43!93O!I4!
7>454!P;4!625743798!>5:4@>979:4574!9!I9!A4Q!P;4!4RC48>:4579!953>4@9@N!
!
1! V26>9I43^! 34! 9O3I9! @4! I93! 9:>379@43! 2! =9:>I>9843M! 52! 4R748>28>Q9! A48G9I:4574! 3;3!
C8426;C96>2543!2!C82GI4:93N!
!
1! &69@F:>623^! G9S2! 845@>:>4572! 969@F:>62! 2! I9G289I! B! @>3:>5;6>?5! @4I! :>3:2M!
9G95@252!@4!437;@>23!2!@4!789G9S2N
!
V>! 34! @474679895! 69323! @4! A>2I456>9! :96L>379! 45! I93! 84I96>2543! @4! C984S9! 45! 4I! 645782!
4362I98M! 4I! C82=4328! 2! C82=43289! 9CI>698T! I23! C827262I23! @4! 967;96>?5! B! I93! :4@>@93!

! !

"#$%#&'&!#()&*+$,&!-./0!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
!!!!!!!!!!!!//!

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
! ! !
 !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! !

5464398>93!4R>3745743!45!3;3!62:;5>@9@43!9;7?52:93!C989!2=84648!9C2B2!C82=43>259I!9!
I9!6L>69N!"28!4II2M!@4G4:23!@4!@98!9!6252648!9I!C82=43289@2M!I23!C827262I23!@4!967;96>?5!
B!!846;8323!P;4!7>4545!9!3;!@>3C23>6>?5!45!3;!62:;5>@9@N!
!
!
*252648!I9!A>2I456>9!:96L>379![7>C23!@4!A>2I456>9M!6>6I2!@4!A>2I456>9!4!>5@>69@2843a!43!
!
=;5@9:4579I! C989! 62:C845@48I9! B! P;4! C2@9:23! 967;98! 9@46;9@9:4574! 9574!
!
3>7;96>2543!P;4!34!I4!C84345745N!!
!
!

>"#?'*2%2*+;+'%42#('/#-&-'/#('#/&#'()*&*+,%#'%#/&#@'A#('#B.24'**+,%#C%4'D.&/#*2%4.&#
/&#E+2/'%*+&#('#FG%'.2"#

)9!)4B!@4!'4@>@93!@4!"827466>?5!+574<89I!625789!I9!l>2I456>9!@4!%F5482!@4!-.._!84=I4S9!
I23! 84723! P;4! 5;43789! 326>4@9@! @4:95@9M! 9I! 846252648! P;4! YI23! C2@4843! CbGI>623! 52!
C;4@45!348!9S4523!9!I9!A>2I456>9!@4!<F5482Z!3>52!P;4!@4G45!9@2C798!:4@>@93!@4!966>?5!
C23>7>A9! 45784! I93! P;4! 34! >56I;B45! 45! C8>:48! I;<98! I93! :4@>@93! @4! 3453>G>I>Q96>?5! B!
4@;696>?5M!P;4M!62:2!34!8462<4!45!4I!7O7;I2!;52^!Y+5782@;Q695Z!45!4I!4364598>2!326>9I!I93!
5;4A93! 4369I93! @4! A9I2843! G939@93! 45! 4I! 843C472! @4! I23! @4846L23! B! I>G4879@43!
=;5@9:4579I43!B!@4!I9!><;9I@9@!45784!L2:G843!B!:;S4843M!93O!62:2!45!4I!4S486>6>2!@4!I9!
72I48956>9!B!@4!I9!I>G4879@!@45782!@4!I23!C8>56>C>23!@4:268T7>623!@4!625A>A456>9M!72@2!
4II2!@43@4!I9!C483C467>A9!@4!I93!84I96>2543!@4!<F5482N!!
!
(I!69CO7;I2!;52!@4!@>6L9!I4B!@439882II9!I23!C8>56>C>23!@4!C84A456>?5!@4!I9!A>2I456>9!45!
69@9!5>A4I!4@;697>A2M!@43@4!I9!(@;696>?5!+5=957>I!L9379!I9!W5>A483>@9@M!4RC8439!P;4!79572!
I9! =28:96>?5! >5>6>9I! 62:2! I9! =28:96>?5! C48:954574! @4I! C82=43289@2! @4G4! C48:>7>8I4!
789G9S98! 967>A9:4574! 45! @>6L9! C84A456>?5M! 43C46>=>695@2M! 9@4:T3M! 4I! C9C4I! P;4! I9!
>53C466>?5!4@;697>A9!B!I23!*2534S23!4362I9843!@4G45!@434:C4H98!C989!<98957>Q98!P;4!
I93!:4@>@93!45!4374!T:G>72!3495!C846>393!B!4=467>A93![UO9Q1&<;9@2M!-..0^!g.aN!
!
(5!I9!(RC23>6>?5!@4!:27>A23![9C9879@2!+++a!625!I9!P;4!62:>45Q9!4374!74R72!I4<>3I97>A2!34!
@>64! 74R7;9I:4574^! Y(5! I9! (@;696>?5! V46;5@98>9! 34! >5628C289! I9! 4@;696>?5! 32G84! I9!
><;9I@9@! 45784! L2:G843! B! :;S4843! B! 625789! I9! A>2I456>9! @4! <F5482! 62:2! 625745>@2!
6;88>6;I98M! >5628C2895@2! 45! 72@23! I23! *2534S23! (362I9843! ;5! 5;4A2! :>4:G82! P;4!
>:C;I34!:4@>@93!4@;697>A93!9!=9A28!@4!I9!><;9I@9@!B!625789!I9!A>2I456>9!32G84!I9!:;S48"#!
!
! )9!I4B!A>56;I9!9!I93!>537>7;6>2543!CbGI>693!62:2!I9!436;4I9!9I!6;:CI>:>4572!@4!:4@>@93!
! @4!966>?5!C23>7>A9!62:2!I9!4@;696>?5!B!I9!3453>G>I>Q96>?5!C989!I9!4889@>696>?5!@4!I9!
! A>2I456>9!:96L>379N!
!

! !

"#$%#&'&!#()&*+$,&!-./0!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
!!!!!!!!!!!!/-!

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
! ! !
 !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! !

H"#I)'%&6#-.8*4+*&6#-&.&#/&#-.'0'%*+,%#'%#/&#'6*)'/&#('#/&#0+2/'%*+&#;&*<+64&#'%#/&6#
.'/&*+2%'6#('#-&.'=&#('6('#)%#'%32J)'#+%4'D.&/"####

"989! C84A45>8! I9! A>2I456>9! :96L>379! 45! 4I! T:G>72! 4362I98! L9B! P;4! 72:98! :4@>@93!
4@;697>A93!625684793!P;4!I2!C48:>795M!52!43!3;=>6>4574!625!@98!>5=28:96>?5!9I!9I;:59@2!
B!3453>G>I>Q98N!!'98O9!d23F!UO9Q!&<;9@2M!9!789AF3!@4!3;3!>5A437><96>2543!45!84I96>?5!9!I9!
C84A456>?5! @4! I9! A>2I456>9! :96L>379! 45! I9! 436;4I9! 6256I;B4! P;4! I93! :4@>@93!
=;5@9:4579I43!325![-..\^!__1_ga^!!
!
/a! (R745@48! I9! 4/$1$"20("# )$%)$# *"-# 4$/%4$2&01-# 0"&$9/-+# .-%-)-# $"# $+# /$%4$&,# -# +,%#
)$/$23,%#3*'-",%M!P;4!4534H4!9!846L9Q98!72@2!7>C2!@4!A>2I456>9!4!>56I;B9!967>A>@9@43!
43C46O=>693! 625789! I9! A>2I456>9! :96L>379N! (3793! :4@>@93! @4G45! 9@9C79834! 9! 69@9! 5>A4I!
4@;697>A2!4!>5>6>9834!45!I9!(@;696>?5!+5=957>IN!)93!>5A437><96>2543!849I>Q9@93!32G84!4374!
74:9! II4A95! 9! @4379698! I9! 43C46>9I! 84I4A956>9! P;4! C;4@45! 74548M! 45! 4374! 3457>@2M! ! I9!
>5748A456>?5!@43@4!I9!9@2I436456>9M!4@9@!45!I9!P;4!43!C23>GI4!4534H98!9!@4746798!6?:2!
325! I93! C8>:4893! :95>=43796>2543! @4! I9! A>2I456>9! :96L>379! 45! I9! C984S9! B! 6?:2!
4A2I;6>259M! =9A2846>45@2! I9! >5628C2896>?5! @4I! 846L9Q2! 9! @>6L9! A>2I456>9! 45! I9! C82C>9!
>@457>@9@M! 45! 4I! :2:4572! P;4! C8464@4! 9! I93! C8>:4893! 84I96>2543! @4! C984S9! B! 9! I93!
C8>:4893!A>2I456>93!P;4!45!4II93!34!C82@;645N!!!
!
-a! (534H98! 9! 2,"%&/*0/# +-# 09*-+)-)# )$%)$# +-# 4/?2&02-# -# &/-18%# )$# $=4$/0$"20-%# )$#
2,+-.,/-20("#$"&/$#2302-%#6#2302,%M!G939@93!45!4I!843C472!:;7;2M!C989!9A95Q98M!93OM!45!I9!
3;C4896>?5!@4!@23!@4!I93!C8>56>C9I43!625@>6>2543!P;4!3;GB9645!9!I9!A>2I456>9!:96L>379^!
I9!@43><;9I!@>378>G;6>?5!@4I!C2@48!P;4!4R>374!45!I9!326>4@9@!B!I9!843>37456>9!9I!69:G>2!P;4!
4379!3>7;96>?5!C82@;64M!43C46>9I:4574!45784!I23!L2:G843N!(3723!62574R723!622C4897>A23!
C48:>745M! 9@4:T3M! >5348798! I9! 625378;66>?5! @4! I9! ><;9I@9@! @45782! @4! ;5! 78979:>4572!
>574<89I!B!62L484574!@4!I9!625A>A456>9M!!P;4!62578>G;B4!79:G>F5!9I!I2<82!@4!27823!84723!
967;9I43M!62:2!4I!@4!I9!>57486;I7;89I>@9@!B!9B;@9!9!I9!@>378>G;6>?5!@4I!C8279<25>3:2!45!
4I!9;I9M!@>3:>5;B45@2!93O!I9!745@456>9!9!G;3698!C8279<25>3:2!54<97>A2!P;4!3;GB964!9!
:;6L93!@4!I93!625@;6793!@>38;C7>A93N!!!
!
ca!U439882II98!4/,&,2,+,%#%,./$#2(',#)$.$#-2&*-/%$#)$%)$#+-#$%2*$+-#$"#2-%,#)$#&$"$/#
2,",20'0$"&,#)$#10,+$"20-#$"#$+#-+*'"-),#,#$"#%*%#:-'0+0-%M!@4!=28:9!P;4!349!C23>GI4!
>5684:45798! I9! 4=>696>9! 45! I9! @47466>?5! B! 4889@>696>?5! @4! @>6L93! 3>7;96>2543M!
=9A2846>45@2! I9! 62I9G2896>?5! 45784! I9! 436;4I9! B! 4I! 84372! @4! I23! 28<95>3:23! 625!
843C2539G>I>@9@!45!4374!74:9N!(3!625A45>4574!P;4!I9!436;4I9!C;4@9!62578>G;>8!9!C9I>98!4I!
@9H2!P;4!I9!4RC23>6>?5!9!I9!A>2I456>9!C;4@4!L9G48!C82@;6>@2!45!4I!9I;:59@2!@4!@>6L93!
=9:>I>93M! B! C84A45>8! 4I! 8>43<2! @4! 3;! 84C82@;66>?5! >5748<454896>259IM! C82:2A>45@2! I93!

! !

"#$%#&'&!#()&*+$,&!-./0!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
!!!!!!!!!!!!/c!

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
! ! !
 !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! !

625@>6>2543!P;4!9B;@95!9!>57488;:C>8I2^!/a!AO56;I23!9=467>A23!@4!69I>@9@M!9I748597>A23!9!
I9!A>2I456>9r!-a!4I!846L9Q2!9!72@9!=28:9!@4!A>2I456>9r!ca!I9!9B;@9!5464398>9!C989!4I9G2898!
I9!L>3728>9!@4!:9I78972!A>A>@9r!_a!B!L9G>I>@9@43!326>9I43!B!4:26>259I43!9I748597>A93!9!I9!
A>2I456>9N!!!!
!
_a! %98957>Q98! I9! 4$/'-"$"20-# )$# +-%# '$)0)-%# $)*2-&01-%# )$%&0"-)-%# -# 4/$1$"0/# +-#
10,+$"20-M!C82C286>2595@2!9!I23!6457823!4@;697>A23!I93!625@>6>2543!P;4!C48:>795!II4A98!
9! I9! C8T67>69! C82<89:93! 4=>69643N! "989! I2! 6;9I! 625A>454! >5348798! 3;! 78979:>4572! 45! 4I!
6;88O6;I;:! 4362I98! [45! I;<98! @4! 3>7;98I2! 45! 967>A>@9@43! C;57;9I43! B! 43C28T@>693aM!
C82C286>2595@2! 9I! C82=43289@2! I23! :4@>23! 5464398>23! C989! II4A98I93! 9! 69G2! @4! =28:9!
3>374:T7>69^!=28:96>?5!74?8>621C8T67>69M!>56457>A23!9I!43=;48Q2!P;4!3>4:C84!3;C254!I9!
>552A96>?5! 4@;697>A9! 93O! 62:2! 4I! 84372! @4! I93! 625@>6>2543! P;4! I23! L9<95! A>9GI43!
[846;8323! 4625?:>623M! :9748>9I43! C989! I9! 9CI>696>?5M! 9S;3743! 45! I23! L2898>23M! :4@>23!
L;:9523M!C4832593!4RC48793!C989!6253;I798!@;@93NNNaN!!!!
!
ga! i9A284648! I9! 0"%$/20("# )$# +-# 4/$1$"20("# )$# +-# 10,+$"20-# )$# 98"$/,# $"# # 4/,9/-'-%#
0"&$9/-+$%#)$#'$5,/-#)$#+-#2,"101$"20-#$%2,+-/N!(379!>574<896>?5!C;4@4!C82C286>2598!;59!
2C287;5>@9@!@4!4R78928@>598>9!84I4A956>9!C989!62534<;>8!I9!C48:95456>9!@4!I93!:4@>@93!
B!3;!4R7453>?5!9!72@9!I9!C2GI96>?5N!!X!C989!4II2!625A>454!C82:2A48!I9!62I9G2896>?5!45784!
P;>4543! 7>4545! I9! 843C2539G>I>@9@! @4! I23! 6457823! 4@;697>A23! 625! I93! C4832593!
43C46>9I>Q9@93!45!I9!625378;66>?5!@4!I9!><;9I@9@!45784!L2:G843!B!:;S4843N!U45782!@4!
4379! :4@>@9M! 43! C846>32! >56I;>8! 79:G>F5! 966>2543! @437>59@93! 9! I9! 3453>G>I>Q96>?5! 4!
>:CI>696>?5!@4!I93!=9:>I>93N!!!
!
0a!"82:2A48!I9!62I9G2896>?5!436;4I91=9:>I>93!4!>574<898!I9!>5748A456>?5!4@;697>A9!625!I9!
P;4!@4G4!II4A9834!9!69G2!45!72@23!I23!62574R723!@43@4!I23!P;4!34!4378;67;89!I9!326>4@9@M
625467T5@2I93!@43@4!;5!$":,7*$#'*+&0)0%204+0"-/A#7*$#4$/'0&-#+-#2,+-.,/-20("#$"#/$)#)$#
+,%# -9$"&$%# $)*2-&01,%# 2,"# ,&/,%# -9$"&$%# %,20-+$%M! >56I;>@23! I23! 28<95>3:23!
43C46>9I>Q9@23!45!I9!I;6L9!625789!I9!A>2I456>9!:96L>379M!I23!:4@>23!@4!62:;5>696>?5M!I9!
9@:>5>37896>?5!B!I23!28<95>3:23!@4@>69@23!9!I9!>5A437><96>?5M!C28P;4!@4!I2!6257898>2!43!
@>=O6>I!P;4!C;4@9!625789884379834!I9!=;4874!745@456>9!P;4!4R>374!9!I9!84C82@;66>?5!@4I!
:2@4I2! 95643789I! @4! 84I96>?5! P;4! 625@;64! 9I! 34R>3:2! B! I9! A>2I456>9! :96L>379N! V>5! I9!
>5=28:96>?5! B! I9! 34<;8>@9@! P;4! C82C286>2595! I9! 622C4896>?5M! I9! >5A437><96>?5! B! I9!
=28:96>?5M!43!C262!C82G9GI4!P;4!I23!9<45743!4@;697>A23!3;C4845!I9!>56487>@;:G84!P;4!
<45489!789798!;5!74:9!P;4!L9379!9L289!L9!3>@2!79GbM!C989!9A95Q98!L96>9!Y434!2782!:;5@2!
C23>GI4Z!@43@4!I9!4@;696>?5N!
!
"82C254:23!9P;O!9I<;593!>@493!6I9A43!P;4!34!C;4@95!>5628C2898!9!I9!C8T67>69!@264574!
62:2^!!!
!

! !

"#$%#&'&!#()&*+$,&!-./0!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
!!!!!!!!!!!!/_!

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
! ! !
 !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! !

1! k89G9S98!I23!@>=4845743!43748427>C23!@4!<F5482!@4I!9:28!82:T57>62!B!84326>9I>Q98!I23!
:2@4I23!9:282323!@4349GI43M!I23!:2@4I23!:936;I>523!B!I23!:2@4I23!=4:45>523N!
1! U4625378;>8!4I!:2@4I2!@4!9:28!82:T57>62!967;9I!B!4I9G2898!625S;579:4574!27823!
:T3!4P;>797>A23M!S;3723!B!323745>GI43N!
1! K9GI98!32G84!84I96>2543!9=467>A93!B!9G8>8!@4G974!C989!I9!4RC843>?5!@4!C4539:>45723!
B!4:26>2543N!
1! "82:2A48!I9!>@457>=>696>?5!B!4RC843>?5!@4!3457>:>45723!45784!5>H23!B!5>H93!45!;5!
6I>:9!@4!843C472!B!9C846>2!C28!I9!@>A483>@9@N!
1! *2:;5>698! B! 4RC84398! 3457>:>45723M! =2:45795@2! I9! 4:C97O9! L96>9! I23! :>3:23M! B!
C82:2A>45@2!4I!843C472!B!4I!A9I28!P;4!6257>4545N!
1! U>326>98!4I!9:28!@4I!625782IM!4I!3;=8>:>4572M!4I!9G;32!B!I9!A>2I456>9N!
1! U4G97>8!32G84!I9!A>2I456>9!625789!I93!:;S4843!45!I93!84I96>2543!9=467>A93N!
1! U>36;7>8!32G84!I93!A>2I96>2543!@4!I23!@4846L23!L;:9523!45!4I!T:G>72!C8>A9@2N!
1! "82:2A48!967>7;@43!@4!846L9Q2!9!72@2!7>C2!@4!S;37>=>696>?5!2!>@49I>Q96>?5!@4!I9!=;48Q9M!
I9!A>2I456>9!B!I9!<;4889N!
1! #439I798!I93!A4579S93!@4!62534<;>8!I93!62393!C28!:2@23!52!A>2I45723N!
1! &B;@98!9!4:C2@4898!9!I93!6L>693!B!9!84@4=>5>8!5;4A93!:936;I>5>@9@43!C989!I23!6L>623N!
1! k89G9S98!I9!52!A>2I456>9!:96L>379^!I45<;9S4!>56I;3>A2M!@>378>G;6>?5!@4I!43C96>2M!S;4<23!
622C4897>A23M!4I!34R>3:2!45!I9!C;GI>6>@9@M!45!I23!74R723M!476N!
1! &B;@98! 9! I23! 5>H23! B! 9! I93! 5>H93! 9! A>A>8! I93! @>=48456>93! 3>5! @43><;9I@9@! @4!
2C287;5>@9@43N!!
1! K9648!C987>6>C98!9!9P;4II93!2!9P;4II23!P;4!:4523!I2!L9<95N!
1! l9I2898! I9! =;56>?5! @4! 69@9! ;52! B! @4! 69@9! ;59! 45! 4I! @>36;832! @4I! C82=43289@2! B!
789G9S98!>53>37>45@2!45!I9!>@49!@4!P;4!5>5<b5!34R2!C84A9I464!32G84!2782N!
1 (A>798! 6948! 45! 7?C>623! 7>C2^! 5>H2! :T3! =;4874M! C28! I2! 79572M! :;4A4! I93! 62393! :T3!
C439@93r!5>H9!:T3!28@459@9M!I;4<2!6;>@9!4I!9;I9M!476N!!
1! K9648!A>3>GI43!I23!625=I>6723M!68495@2!;5!43C96>2!45!4I!P;4!P;4C95!72@93!I93!>@493M!
C9I9G893M!54643>@9@43M!4RC843>2543M!I9!84I96>?5M!I9!84=I4R>?5!B!4I!>574869:G>2N!
!
k2@93!43793!IO5493!@4!967;96>?5!C;4@45!II4A9834!9!69G2!9!C987>8!@4!@>37>5793!L4889:>45793!
62:2^! A>@42=28;:M! 82I1CI9B>5<M! @4G9743M! S;4<23! @4! 698T6748! 3>:G?I>62M! I467;89!
62:C987>@9!@4!74R723M!95TI>3>3!@4!@26;:45723!@4!C84539M!74I4A>3>?5!B!C;GI>6>@9@M!476NM!B!
C28!3;C;4372M!9!789AF3!@4!I9!627>@>95>@9@!45!I93!9;I93!@25@4!4I!@4G974!@4G4!43798!9G>4872!
9!43723!74:93!L96>F5@234!78953A4839I!9!I9!C8T67>69!@264574N!
!
"82C254:23! 9P;O! 79:G>F5! 9I<;593! @4! I93! <;O93! B! C82C;43793! C989! 79II4843! @>8><>@93! 9!
9@2I43645743!B!625!I93!P;4!C2@4:23!789G9S98!I9!@4625378;66>?5!@4I!9:28!82:T57>62!45!
4I!9;I9M!325^!L*G-#4-/-#$10&-/#-',/$%#7*$#'-&-"!s!L*G-#)$+#.*$"#-',/![V>:?5M!-.._ar!
M,#&$#+G$%#2,"#+,%#2302,%#'-+,%!@4!'N!d23F!W88;Q2I9![-..gar!D./$#+,%#,5,%;#!+#-',/#",#$%#

! !

"#$%#&'&!#()&*+$,&!-./0!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
!!!!!!!!!!!!/g!

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
! ! !
 !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! !

20$9,!@4I!+537>7;72!&5@9I;Q!@4!I9!';S48![#;>Q!#4C;II2M!-..\ar!2!C82C;43793!@4!79II4843!
62:2!@-#'?%2-/-#)$+#-',/M!;5!79II48!C989!9@2I43645743!@439882II9@2!45!4I!:;5>6>C>2!@4!
k4I@4![%452AF3!B!*9393M!-..\aM!2!I93!@>=4845743!C82C;43793M!@>8><>@93!9!5>H23M!6L>623!B!
L2:G843!9@;I723!@4I!U4C9879:4572!@4!K2:G843!C28!I9!+<;9I@9@!@4I!&B;579:>4572!@4!
d484Q!B!4I!C82B4672!D/0-"$A!"I95!P;4!34!3>7b2!45!4I!:9862!@4I!748648!C82<89:9!@4!966>?5!
@4!I9!W5>?5!(;82C49M!P;4!C84745@4!9:CI>98!I23!L28>Q25743!@4!I9!:936;I>5>@9@!9!C987>8!@4!
;5!@>34H2!@4!C82<89:93M!45784!27823!846;8323N!
!
)93! 4378974<>93! @4! C84A456>?5! 34! @>8><45! 5;4A9:4574! 9! I9! @452:>59@9! %,20-+0>-20("#
4/$1$"&01-#)$#+-#10,+$"20-#2,"&/-#+-%#'*5$/$%M!P;4!L9!3>@2!@4=>5>@9!62:2^!Y;5!C826432!
326>9I!9!789AF3!@4I!6;9I!@439882II9:23!I9!6256>456>9!@4!;593!528:93!B!;523!A9I2843!P;4!
C84A>4545!I23!62:C2879:>45723!B!I93!967>7;@43!P;4!625@;645!9!I9!A>2I456>9!625789!I93!
:;S4843! B! =9A284645! I23! 62:C2879:>45723! ><;9I>798>23! B! 843C47;2323Z! [$I>A48! B! l9II3M!
-.._^!//caN!

! k89G9S98!@43@4!I9!436;4I9!I9!C84A456>?5!@4!I9!A>2I456>9!:96L>379!45!I93!84I96>2543!@4!
! C984S9!C939!5464398>9:4574!C28!I9!@4625378;66>?5!@4I!:2@4I2!@4!9:28!82:T57>62M!4I!
! 6;437>259:>4572! @4! I23! :2@4I23! C978>9869I43! =4:45>523! B! :936;I>523M! I9!
! @43A>56;I96>?5!@4!I9!A>2I456>9!B!I9!:936;I>5>@9@M!4I!4:C2@489:>4572!@4!I93!6L>693!B!I9!
C82C;4379!@4!5;4A23!C96723!9:282323!><;9I>798>23N!

!
!
!
!
!
!
!
!
!
!
!
!

! !

"#$%#&'&!#()&*+$,&!-./0!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
!!!!!!!!!!!!/0!

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
! ! !
 !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! !

ICI@CKF?LMNL#
&)k&h)(M!*L982![/\\]a^!Y*24@;696>?5!3457>:4579IZ!45#J*-)$/",%#)$#4$)-9,9G-A#NOP;!
[CCN!0_10`aN!
&)k&h)(M!*L982![/\\`aN!B$"8+,4$#,#+-%#&/-'4-%#)$+#-',/;!l9I456>9N!,9;!II>G843N!
h$VKM! (3C4895Q9M! i48848M! l>6728>9! &NM! i4884>82M! l>8<>5>9! B! ,9A9882M! *9C>II9! [-./ca^! )9!
A>2I456>9!625789!I93!:;S4843N!(I!9:28!62:2!629879@9M!h9864I259N!&57L82C23!(@>728>9IN!
Un&t1&%W&U$M! '98O9! d23F! [-..0a^! YV4R>3:2M! A>2I456>9! @4! <F5482! B! 96232! 4362I98N!
"82C;43793! C989! ;59! C84A456>?5! >574<89I! @4! I9! A>2I456>9M! 45! <$10%&-# )$# !%&*)0,%# )$#
Q*1$"&*)A#MRST;![CCN!c`1g]a!
Un&t1&%W&U$M!'98O9!d23F![-..\a^!Y"84A45>8!I9!A>2I456>9!@4!<F5482!@43@4!I9!436;4I9ZM!45!
<$10%&-#)$#!%&*)0,%#)$#Q*1$"&*)A#MR#UON![CCN!c/1!_]a!
(Vkuh&,(t!*9379H2M!+95>84![-./.a^!Yk4!P;>482f![V?I2!C989!:OaN!#4I96>2543!9@2I43645743!
@4!625782IZN!!E-.-"7*$;#<$10%&-#4$)-9(902-A#NT!![CCN!_g10`aN!
i(##(#M! l>6728>9! B! h236LM! (3C4895Q9! [-./ca^! YU4I! 9:28! 82:T57>62! 9! I9! A>2I456>9! @4!
<F5482N! "989! ;59! 624@;696>?5! 4:26>259I! 45! I9! 9<45@9! 4@;697>A9ZM! 45! B/,:$%,/-),;#
<$10%&-#)$#2*//G2*+*'#6#:,/'-20("#)$+#4/,:$%,/-),#[CCN!/.g1!/--aN!
)&%&#U(M!'9864I9![-...a^!J+-1$%#:$'0"0%&-%#4-/-#+-#-*&,$%&0'-#)$#+-%#'*5$/$%N!'9@8>@N!
K2893!B!K2893N!
'(#&V! )I>4G84M! &59! [-..caN! B/$1$"20("# )$# +-# V0,+$"20-# )$# L8"$/,# $"# -),+$%2$"&$%;!
(37;@>23!@4!d;A457;@M!0-M!/_c1/g.N!!!!
'Wd(#(V!(,!+%W&)U&U![-.//aN!W-"*-+#)$#4/$1$"20("#)$#+-#10,+$"20-#)$#98"$/,#6#.*$"-%#
4/?2&02-%;# @-%# 5(1$"$%# 2,',# "*$1-%# 1G2&0'-%N! +537>7;72! @4! I9! ';S48! B! '>5>3748>2! @4!
V95>@9@M!V48A>6>23!V26>9I43!4!+<;9I@9@N!
$)+l(+#&M! '4864@43! [-...a^! Y)9! 4@;696>?5! 3457>:4579IN! W59! 698456>9! 45! 4I! 3>374:9!
4@;697>A2Z!45!'><;4I!&N!V95723![6228@Na!!+#3-/8"#4$)-9(902,N!h9864I259N!%89?N![CCN!]/1
`\aN!
$)+l(#M!(37L48!B!l9II3M!#239![-.._a^!V0,+$"20-#)$#98"$/,;#K"1$%&09-20,"$%#%,./$#7*0$"$%A#
4,/#7*8#6#2(',#%*4$/-/+-N!h9864I259N!#2;84N!
#$U#n%W(tM!'N!*98:45![-..ca^!Y)9!62578>G;6>?5!@4!I9!436;4I9!9I!I2<82!@4!>@457>@9@43!
@4!<F5482!52!43748427>C9@93ZM!45!W*5$/$%A#:$'0"0%',#6#2,$)*2-20(";#+5A437><96>?5!45!
I9!436;4I9!g.N!V4A>II9N!UO9@9N
#$d&V!'98623M!);>3![/\\`a^!@-%#%$'0++-%#)$#+-#10,+$"20-N!'9@8>@N!(3C9391*9IC4N!

! !

"#$%#&'&!#()&*+$,&!-./0!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
!!!!!!!!!!!!/]!

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
! ! !
 !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! !

V&+t!'987O54QM!'?5>69![-./ca^!D',/#/,'?"&02,A#-',/#4-&/0-/2-+#6#10,+$"20-#'-230%&-;#
X"-#-4/,=0'-20("#2/G&02-#-+#4$"%-'0$"&,#-',/,%,#3$9$'("02,#)$#Y220)$"&$;!+537>7;72!
@4!+5A437><96>2543!i4:>5>3793N!W5>A483>@9@!*2:CI;74534!@4!'9@8>@N!
p&)v(#M!)42528![/\\`a^!';S4843!'9I78979@93N!,;4A9!X28qN!K98C48!95@!#2w!";GI>3L483N!
!
!
!
!
!
!
!
!
!
!
!

!
!
!
!
!
!
!
!
!
!
!

! !

"#$%#&'&!#()&*+$,&!-./0!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
!!!!!!!!!!!!/`!

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
! ! !