#$%&#'&()%*)+

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

!"#$%&'%()#"(*+%&(*,'
-#'#(.*/&')#*)"*,'0122

,-./012343256%78-9.::5-2

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

-./0123454367%89.:/;;6.3

!"

!"#$%&'()*$%*+')#,(*-%#.&#/
 3*Q*"&-4"E*(Q4".%"%7')Q&$4("%$"=%-74Q)%-'*"8(Y')8*":"'%R()8*"%-"
'*(-*"4$"E%-RQ%-*"'%4'(4$2".%7.%"@>>H2"%$"3%-'(*".%"Z-V%7')P48)R-"
D%4'(4$"[*.*$E*"\7)P$)"G!"#$%&"'()I":"0#)(*$%*1#.(2*3%45).#*6%758#'#*
$%*-%#.&(9"8*-V*84-"4]*"8*-"4]*"4$"T(%Q)*".%"#-74:*"D%4'(4$<"^"
=4(')(".%$"@>1>":"8*-"$4"=4(')8)=48)R-".%":&.%;2*3%45).#*$%*/#)*:&.%)*
+)8<'58#)*.%"#7=4]49"%$"T(%Q)*"4._&)()R"&-"84(;8'%(")-'%(-48)*-4$"
4$" 46()(7%" 4" $4" =4(')8)=48)R-" .%" %78()'*(%7" .%" 8&4$_&)%(" =4('%" .%$"
Q&-.*":"4$"=&6$)84("$*7"%-74:*7"P4-4.*(%7".%"Q4-%(4"7)Q&$';-%4"
%-"+,A)8*":"#7=4]4<
T*("7%P&-.*"4]*"8*-7%8&')V*2"%$"%-74:*"P4-4.*("7%"=&6$)84"%-"
-&%7'(4"8*$%88)R-"3&4.%(-*7".%"#-74:*<
#$" `&(4.*" .%$" T(%Q)*" Z-'%(-48)*-4$" .%" #-74:*" D%4'(4$" @>11"
%7'&V*" )-'%P(4.*" =*(F" 34($*7" a)$2" U*7," b&)7" a4(8Y4" c4(()%-'*7" :"
d54.4:"b4()*7<"d%"(%8)6)%(*-"?L"'(464`*7"=(*V%-)%-'%7".%"1>"=4Y7%7<

2<=<>3/?@/%5.%A<3=/5/,
BCDE%FGH%IJG%HJF!%"I%" ,!/)#$-#0

K%-./0123454367%89.:/;;6.3L%!J""

!"!"#$%&'()*)"+,-&.&/0"(1**)"+,-&'-*2+)*$-&.&3)+,#$4"5067*$-
#$%&'%()*"+,-.%/"0"112"3*$*-)4"35&(&6&78*93*:*48;-2"
8<"=<">?1@>2"+,A)8*2"B<"C<"
D%$,E*-*7F"G>1HHI"HJ>1"J1?K2"HJLL"M@N@2"HJLL"LKHJ
OOO<=47*.%P4'*<8*Q

3*((%*7"%$%8'(R-)8*7F"
%.)'*(S=47*.%P4'*<8*Q2".)7%-*@S=47*.%P4'*<8*Q2"%.)'*()4$=.PSPQ4)$<8*Q

T4(4" 8*-*8%(" Q;7" 7*6(%" $47" =(*=&%7'47" '%R()847" :" %78,-)847" .%" U%4-9C(,.,()8"
35%V4$$)%(2"=&%.%-"8*-7&$'4(7%F"5''=FWWOOO<'()Q&X5)=$4'E*(Q<8*QW":"5''=FWWOOO<
=(*:%8'*N<-%'W

MN.5/% A3<96O65/% ;/% 3.A3<5N776P0% =<=/;% <% A/376/;% 5.% .Q=/% <O3/% .0% 7N/;RN6.3%
Q<A<3=.%6SA3.Q<%<%.;.7=3P067<%Q60%A3.:6/%/N=<36T/76P0%5.;%/N=<3U
# !"#$"%&#'()#*"+#(+*($"),!+#-.,*/!#,0"$(1"),1(1"1#"-,2349
84-":"84Q6)4-"e4"V%8%7"=*("8*Q=$%'*e<"34'%P*(Y47"'%R9
()847"_&%"&-*"5&6)%(4"=%-74.*")-4Q*V)6$%7"7%"'(4-7E*(Q4-"*"
3!)$&1,"$$#5(!"("2#1(.(*#)#*"60"($"*#7810"#1.#)34)32(2#1"(.(9
(%-'%Q%-'%"84.&8472"V&%$V%-"4"7&(P)(":"4".%74((*$$4(7%"*'(4"V%/<
T4(4"=%-74(".%"Q4-%(4"4.%8&4.4":"=%(')-%-'%"%7'*7"8*-79
'4-'%7" 84Q6)*72" .*7" 48')'&.%7" 7*-" =*7)6$%7F" =*(" &-" $4.*2" )-9
V%-'4(" -&%V47" -*8)*-%72" =(*=*-%(" *'(*7" 8*-8%='*7f" =*(" *'(*"
$4.*2"(%8*-7).%(4("$4"48%=8)R-".%"$47"-*8)*-%7":"$*7"8*-8%='*7"
:4" %A)7'%-'%72" )-'%((*P4(" :" (%.%E)-)(" 7&7" /*-47" .%" 4=$)848)R-"
%-" %$" 8*-'%A'*" .%$" '%4'(*" .%" 5*:<" g6V)4Q%-'%2" %7'47" .*7" %79
'(4'%P)47" -*" 7%" %A8$&:%-<" B%" 5%85*2" 7&%$%-" 8*Q6)-4(7%<" d)-"
%Q64(P*2" =&%.%" 7%(" h')$" .)7')-P&)($472" 4$" Q%-*7" .%" Q4-%(4"
=(*V)7)*-4$F"46&-.4("%-"&-4"=4(42".%7.%"4$$Y":"%-"&-"7%P&-.*"
Q*Q%-'*2"46&-.4("%-"$4"*'(4<"\-4"8(*-*$*PY4"47Y"%7'46$%8).4"
4:&.4"-*"7R$*"4"%$&.)("8*-E&7)*-%7"7)-*"'4Q6),-"4"6()-.4("Q;7"
()P*("4$"4-;$)7)7<
9(" *#:#;3<!" %&#" '#" 32," 2#1(**,$$(!2," 2#12#" '()#" &!("
.,84.4"%-"8&4-'*"4$"i'%4'(*".%$"=(%7%-'4(j1"G_&%".)7')-P*2"%-9
'*-8%72" .%$" i'%4'(*" .%$" (%=(%7%-'4(j" :" .%" $4" 8&4$" .%()V4-" $47"
-*8)*-%7" .%" i=(%7%-'48)R-j2" i=(%7%-8)4j" :" i=(%7%-'%j2" 47Y"
8*Q*"$*7"V%(6*7"i=(%7%-'4(j":"i=(%7%-8)4(jI"=4(')8)=4"%-"P(4-"
Q%.).4" .%" $4" =()Q%(4" %7'(4'%P)4F" 5%" =(*=&%7'*" =4$46(47" _&%"
=%(Q)'%-" %-E*84(2" %-'%-.%(" :" 4=(%8)4(" $*" )-,.)'*" '4-'*" .%" $*"

1
"k,47%"U%4-9C(,.,()8"35%V4$$)%(2"iD%4'(*".%$"=(%7%-'4(j2"!5.&">$(82*
!"#$%&'()* $%* ?'4%).5@#85A'* -%#.&#/9* -hQ<" 12" !"#$%2" +,A)8*2" @>>H2"
==<" 1KJ91LHf" :" U%4-9C(,.,()8" 35%V4$$)%(2" iD%4'(*" .%$" =(%7%-'4(" :" (%9
7)7'%-8)4"4$"-%*$)6%(4$)7Q*j2"BC'%#)*$%*D"@#9*-hQ<"@>2"3474"[%E&P)*"
3)'$4$',=%'$2"+,A)8*2"@>>J2"==<"J9@@<

+/*.%#.&(*=(, N U%4-9C(,.,()8"35%V4$$)%(
 !"#$%&'()*$%*+')#,(*-%#.&#/

_&%"7&(P%"%-"$*7"%78%-4()*7"8*Q*".%"$*"_&%"7%"=(*.&8%"%-"$47"
74$47<"B%8Y4"=&%7"_&%"$*"_&%"6&784"4$84-/4("%$"P%7'*"'%4'(4$"
8*-'%Q=*(;-%*":4"-*"%7"'4-'*"&-4"48'&48)R-"8(%Y6$%":"(%4$)7'4"
7)-*2"Q;7"6)%-2"&-4"=(%7%-8)4":"&-"=(%7%-'4("4&',-')8*7<"l&%79
'(4"4'%-8)R-".%"=(48')84-'%7".%$"'%4'(*"e.%7.%"$4"74$4":".%7.%"
%$"%78%-4()*e"7%"%-E*84":4"-*"%-"$4"(%=(%7%-'48)R-"7)-*"%-"
$4"=(%7%-'48)R-2"%-"$*"_&%"7&8%.%"4_&Y":"45*(42"%-"$*"_&%"7%"
*E(%8%"4"$4"Q)(4.4"%-"%$"=(%7%-'%".%$"48'*".%"*E(%8%($*<@
^5*(4"_&)7)%(4"4.*='4("$4"*'(4"48')'&.2"$4"_&%"8*-7)7'%"%-"
(%8*-7).%(4(" $47" -*8)*-%7" 546)'&4$Q%-'%" &74.47" =4(4" =%-74("
%$" _&%548%(" '%4'(4$<" g2" =*(" $*" Q%-*72" _&)7)%(4" 4.*='4(" %7'4"
48')'&."=&-'&4$Q%-'%2"%7'&.)4-.*"'(%7"=4$46(47"_&%"4=4(%8%-"
.%"E*(Q4"Q;7"_&%"(%8&((%-'%"8&4-.*"7%"546$4".%"'%4'(*F"#8.(&9*
.%7.(":"%)E%8.#$(&>"#-"-&%7'(*")Q4P)-4()*2"8*Q*"%-"-&%7'(47"
%A=%()%-8)472"%$"-h8$%*"E%-*Q%-4$".%$"'%4'(*"7)P&%"8*-7)7')%-9
.*2"=*(".%8)($*".%"Q4-%(4"&-"'4-'*"6;7)842"%-"4$P&)%-"G&-"489
'*(I"_&%"546$4"G&-"'%A'*I"E(%-'%"4"*'(*"4$P&)%-"G&-"%7=%8'4.*(I"
_&%"Q)(4"4$"=()Q%(*":"%78&854"%$"7%P&-.*<"D4-"7)Q=$%":"'4-"
,=73("1&#!("#1+("(4*-()3<!"%&#".(*#)#*/"3!!#)#1(*3,0"'(1+("
%7'h=).*2" (%=(*.&8)($4" 4_&Y<"D*.*7" $*" 746%Q*7f" '*.*7" $*" V%9
Q*7f"'*.*7"$*"%-'%-.%Q*7m"n=*("_&,"V*$V%("4"546$4(".%"%$$*o
T(%8)74Q%-'%" %-" %7*" 8*-7)7'%" $4" 7%P&-.4" 48')'&." .%78()'4"
(**3=(>"#!"*#7313+(*".($(=*(1")&6("135!34)()3<!"6")&6,"+#**#!,"2#"
4=$)848)R-"7*-"'4-"8*-*8).*7"_&%"-*7".%`4-"8*-"$4"8*-V)88)R-"
2#"%&#"!,"#1".*#)31,".#!1(*"2#"!&#7,"#!"1&"135!34)()3<!"6"-&9
85*"Q%-*7"%-"7&"'%((%-*".%"4=$)848)R-<"p"=(*646$%Q%-'%"&-4"

@
"Z-7)7'Y4":*"%-'*-8%7"7*6(%"%$"5%85*".%"_&%"%$"P%7'*"'%4'(4$"8*-'%Q9
=*(;-%*"8*-7)7'%"%-"&-4"%A=%()%-8)4"%7=%8YE)84".%"$4"=(%7%-8)4".*-.%"
7%"4=&%7'4"_&%"$4"8*=(%7%-8)4"EY7)84".%"48'*(%7":"%7=%8'4.*(%7"647'4"
=4(4" =(*V*84(" %$" %V%-'*<" d%" *=%(4" 47Y" &-4" )-E$%A)R-" .%" =%(7=%8')V4F"
4=4(%8%" &-" .%#.&(* $%/* E&%)%'.#&9" %7" .%8)(2" &-" %78%-4()*" =4(4" $*" _&%"
')%-%"$&P4("4_&Y":"45*(42"64`*"$4"Q)(4.4".%"$*7"_&%"%7';-"=(%7%-'%7<

?
=&#!(".(*+#"2#"$("*#:#;3<!"+#<*3)("#!")&(!+,"($"(),!+#)#*"+#(9
'(4$"8*-'%Q=*(;-%*"7%"`&%P4"4_&YF"%-"$4"84=48).4.".%"8&%7')*9
-4("$*"_&%2"%-"%7'47"=4$46(472"%7';".4.*"=*("&-"5%85*"=%(%--%<"
[%=)'*" %-'*-8%7F" '4-'*" %-" -&%7'(4" Q4-%(4" .%" 8*-8%6)($*"
8*Q*" %-" $47" %A=%()%-8)47" _&%" .%" ,$" '%-%Q*72" %$" .)7=*7)')V*"
'%4'(4$"7&%$%"8*-7)7')("%-"&-"48'*("G*"&-*7"48'*(%7I"_&%".)8%G-I"
&-" '%A'*" E(%-'%" 4" &-" %7=%8'4.*(" G*" 4" &-*7" %7=%8'4.*(%7I<" #$"
=()Q%(*" G%$" 48'*(I2" 4.%Q;7" .%" 546$4(" G%$" '%A'*I2" P%7')8&$4"
:" 7%" .%7=$4/4<"p" %$" '%(8%(*" G%$" %7=%8'4.*(I" Q)(4" $*7" P%7'*7" :"
.%7=$4/4Q)%-'*7" .%$" =()Q%(*" 4$" Q)7Q*" ')%Q=*" _&%" %78&854"
1&1".($(=*(1?"@1+("(4*-()3<!"#1"-#*(-#!+#"+8)!3)("6".,*"#!2#"
=4(%8%(;"4=$)846$%"4"'*.*7"$*7"847*7<"T%(*"-*"%7"47Y<"#A)7'%-"
=&%7'47"%-"%78%-4"7)-"48'*(%7"e=%-7%Q*7"%-"%$"'%4'(*".%"*69
`%'*ef"*"6)%-"7%"*67%(V4-"Q*Q%-'*7".%-'(*".%"%7'47"=&%7'47"
%-"$*7"8&4$%7"-*"7%"(%8&((%"4"48'*(%7<"[*Q%*"347'%$$&88)"=(%8)9
74642"=*("%`%Q=$*2"_&%"%-"6#&)%5//%2"&-"%7=%8';8&$*".%$"8)8$*"
.%"$4"-&#@%$5#*+'$(@('5$5#9"i4$P*"=474j")-8$&7*"%-"4&7%-8)4"
.%$"48'*(<N"p"6#&)%5//%"7)P&%"7)%-.*"&-4"=&%7'4"'%4'(4$F"5%"4_&Y"
&-".)7=*7)')V*"%78,-)8*"7)-"48'*(<"B%"$4"Q)7Q4"Q4-%(42"-&Q%9
(*7*7"7*-"$*7"847*7"%-"$*7"_&%"$*7"48'*(%7"-*".)8%-"&-"'%A'*2"
=*(_&%"%7'%"'%A'*"%7';"=(*:%8'4.*"7*6(%"&-4"=4-'4$$42"*"=(%9
P(464.*" :" .)E&-.).*" Q%.)4-.*" &-" .)7=*7)')V*" 7*-*(*2" *" %-9
'(%P4.*")Q=(%7*"4"$*7"%7=%8'4.*(%7"4-'%72".&(4-'%"*".%7=&,7"
.%"$4"E&-8)R-<"p"*6V)4Q%-'%"%7';"'4Q6),-2"7)Q=$%":"7%-8)$$49
Q%-'%2"%$"'%4'(*"7)-"=4$46(4F"%-"%$"%78%-4()*"54:"48'*(%7"=%(*"
-*"54:"'%A'*2"-)".)85*2"-)"=(*:%8'4.*2"-)"P(464.*2"-)")Q=(%7*<
^7Y2"%-"%$"'();-P&$*"48'*(9'%A'*9%7=%8'4.*(2"$*7".*7"=()Q%(*7"
',(Q)-*7"7*-"4Q*V)6$%7"e547'4"4Q*V)6$%7"`&-'*7F"=%-7%Q*72"
=*("%`%Q=$*2"%-"&-"'%4'(*".%"*6`%'*"7)-"'%A'*e<"T%(*2"4"=()9

N
"347'%$$&88)".%74((*$$R"%7'4"(%E$%A)R-".&(4-'%"&-4"8*-E%(%-8)4"*(9
P4-)/4.4"=*("%$"=%()R.)8*"B%*6('$%"%-"%$"`4(.Y-".%"$4"84$$%"+*-72"%$"
1L".%"`&$)*2"C%7')V4$".%"^V)P-*-2"@>>H<

+/*.%#.&(*=(, H U%4-9C(,.,()8"35%V4$$)%(
 !"#$%&'()*$%*+')#,(*-%#.&#/

Q%(4" V)7'42" =4(%8%(;" .)EY8)$" '(4'4(" $4" =4$46(4" i%7=%8'4.*(j" .%"

$4"Q)7Q4"Q4-%(4<"\-*".)(;2"8*-")-P%-&).4."=*("8)%('*2"=%(*"
8*-"8%('%/4"'4Q6),-F"i7)"-*"54:"%7=%8'4.*(2"q-*"=&%.%"546%("
'%4'(*rj<"#-"%E%8'*":"=*("5)=R'%7)72"n-*"%Q=)%/4"%$"'%4'(*"8*-"$4"
$$%P4.4".%"$*7"%7=%8'4.*(%7o"^_&Y2"=4(4"8*-'%7'4("%7'4"h$')Q4"
=(%P&-'42" 54:" _&%" (%Q)')(7%" .%" -&%V*" 4$" 4-85*" %7=%8'(*" .%"
=*7)6)$).4.%7"_&%"*E(%8%-"$47"=(;8')847"'%4'(4$%7"8*-'%Q=*(;9
-%47<"b4".)V%(7).4.".%"=(*=&%7'47"%78,-)847"%7"'4$"_&%"7%"%-9
8&%-'(4-".)7=*7)')V*7"%-"$*7"_&%"%$"%7=%8'4.*("-*"%7';")-8$&).*"
.%"E*(Q4"=%(Q4-%-'%F"%-"!('.#'$(*F(&&%@"5.()9".)()P).*"=*("
s,8'*("c*&(P%72"%$"=h6$)8*"V4":"V)%-%2"%-'(4":"74$%f"%-"G(HI
F#,*3#5/J#,)9".)()P).*"=*("&-"7%(V).*(2"$*7"%7=%8'4.*(%7"V%-":"
$&%P*"-*"V%-2"*"V%-"=%(*".%7=&,72"*"6)%-"V%-"45*(4"=%(*".%79
.%"*'(*"$&P4(<?"d)-"%Q64(P*2"%$"48'*"'%4'(4$"8*-')-h42"8*-"*"7)-"
$4"=(%7%-8)4".%"$*7"%7=%8'4.*(%7<"#$"'%(8%("',(Q)-*"%7"%-'*-8%7"
4"7&"V%/"4Q*V)6$%2"4$"Q%-*7"Q*Q%-';-%4Q%-'%<
b4"=(%P&-'42"7%-8)$$4":"4=4(%-'%Q%-'%"'*-'4F"n_&,"(%4$).49
.%7"8&6(%-"$47"=4$46(47"i48'*(j2"i'%A'*j":"i%7=%8'4.*(j"45*9
(4o2"-*"%7"'4-"7)Q=$%"8*Q*"=4(%8Y4<"#$"%`%(8)8)*"=(*=&%7'*2"%7"
2#)3*0".,*"&!"$(2,0")&#1+3,!(*"$(1"135!34)()3,!#1"2#"#1+(1"+*#1"
=4$46(47":2"=*("*'(*2"6&784(".R-.%"%7'46$%8%("e)-8$&7*".%"E*(9
-("$3-3!($A"1&1"()+&($#1"B*,!+#*(1"2#4!3+,*3(10"#1+#"#C#*)3)3,"
=&%72" 4.%Q;7" .%" 7&6(4:4(" $47" =(*6$%Q;')847" )-5%(%-'%7" 4" $4"
P(4-".)V%(7).4.".%"$4"48')V).4."'%4'(4$"8*-'%Q=*(;-%42")-V)'4"
4"'(4%("4"$4"$&/"$47"=%8&$)4().4.%7".%"%7'4"Q)7Q4"48')V).4.<"
s4:"&-4"=(%P&-'4")Q=*('4-'%"_&%"546)'4"%$"_&%548%("'%49
'(4$F"n=4(4"_&,"7)(V%"%$"'%4'(*o"Z-8$&7*F"n=*("_&,"548%("'%4'(*o"
#7".%8)(F"n8&;$"%7"$4"E&-8)R-".%$"'%4'(*"5*:"%-".Y4o"T%(*"=&%.%"

?
" ^Q6*7" Q*-'4`%7" 7%" %7'(%-4(*-" %-" %$" Q4(8*" .%" $4"D%(8%(4" l*9
85%".%"D%4'(*"G74$4":"7R'4-*".%$"D%4'(*"^(_&)'%8'*"34($*7"b4/*2"%')*IF"
!('.#'$(*F(&&%@"5.()9".)(<"s,8'*("c*&(P%72"=(*.<"D%4'(*"g`*2"C*-842"
+,A)8*2"@>>Kf":"G(HF#,*3#5/J#,)9".)(<"U%4-9C(,.,()8"35%V4$$)%(2"=(*.<"
T(*:%8'*"N2"C*-842"+,A)8*2"@>>K<"

J
7%("_&%2"47Y"E*(Q&$4.42"%7'4"=(%P&-'4"7%4"6&(.4"e%-"%$"7%-')9
.*".%"P(&%74":"=*("%-.%")-*=%(4-'%e<"s47'4"8)%('*"=&-'*2"%7"
=(%8)74Q%-'%"=*(_&%"-*"7)(V%"=4(4"-4.4"_&%"%$"'%4'(*"=&%.%"
'%-%(" &-4" =%(')-%-8)4" %-" $47" 7*8)%.4.%7" Q*.%(-472" .*-.%"
.%"$*"_&%"7%"'(4'4"%7".%"_&%"'*.*"7)(V42":"%-".)85*"8*-'%A'*2"
%7"$4"P(4'&).4."$4"_&%".4"7%-').*"4$"48'*<"g2"'4$"V%/2"$%"E4$'4"
5&Q)$.4."4"$4"=(%P&-'4<"l*"546(Y4"=*("_&,"4=$)84($4"4$"'%4'(*"
%-" 7Y2" 7)-*" 4" $*7" %$%Q%-'*7" _&%" 8*Q=*-%-" %$" 48'*" '%4'(4$<"
Z-'%((*P4("%7'*7"%$%Q%-'*7"=*("7%=4(4.*2"&-*"=*("&-*<"T(%9
P&-'4(7%"%-'*-8%7F"n8&;$"%7"$4"E&-8)R-".%$"48'*(o2"n8&;$"%7"$4"
E&-8)R-".%$"'%A'*o2"n8&;$"%7"$4"E&-8)R-".%$"%7=%8'4.*(o"p"'4$"
V%/"7R$*"47Y2"4$"=(%P&-'4("=*("$4"E&-8)R-"48'&4$2"%7".%8)("$4".%"
5*:"%-".Y42".%"84.4"&-4".%"%7'47"'(%7"=4$46(479=%(*P(&$$4.472"
-&%7'(*"(%8*(().*"7%"8*-V%(')(;"%-"&-4"')=*$*PY4"=*7)6$%"=4(4"
=%-74(" $4" =(;8')84" '%4'(4$" 8*-'%Q=*(;-%4" :2" 4-'%" '*.*2" 7&"
Q&$')=$)8).4.<

.)$.,'.1%#2(0$&"3&%#2(

#Q=%/4("8*-"%$"%7=%8'4.*("7*-4(;"%A'(4]*F"8(*-*$RP)84Q%-9
'%2"%$"=h6$)8*"%7"%$"h$')Q*"%-"$$%P4(2"&-4"V%/"_&%"'*.*"%7';"$)7'*"
=4(4"(%8)6)($*"e%7".%8)(2"546)'&4$Q%-'%2"8&4-.*":4"$*7"%-749
:*7"54-"8*-8$&).*e<"T%(*"%-"$4"48'&4$).4."7%"V)V%"&-"V%(.49
.%(*"'(47'*(-*<"#$"%7=%8'4.*("54".%`4.*".%"$$%P4(".%"h$')Q*m"
d)-'*Q;')8*" .%" %7*" %7" %$" 5%85*" .%" _&%" 7%" Q&$')=$)_&%-" $47"
Q&%7'(47" .%" '(464`*" %-" =(*8%7*" KJ(&L* 5'* E&(@&%))M" 47Y" 8*Q*"
$47" )-V)'48)*-%7" 4" 47)7')(" 4" %-74:*7" .%" Q*-'4`%7" _&%" -*" 7*-"
=4(4"-4.4"'%(Q)-4.*7<"b4"7%()%".%"$*7"N%%$/#EF"%Q=(%-.).4"
=*("%$"4(')7'4"6%$P4"U4-"b4&O%(7".%7.%"1MMM".4"&-4"8$4(4")$&79
'(48)R-".%$"E%-RQ%-*F"7%"'(4'42"&-4"V%/"4$"4]*"=*("$*"Q%-*72"
.%"%A=%()Q%-'4("8*-"%$"=h6$)8*2".%"Q4-%(4"$h.)84":"4"V%8%7"
E%7')V42"%7'(4'%P)47"%78,-)847"'*.4VY4"-*"8*((*6*(4.47"e$*7"(%9

+/*.%#.&(*=(, K U%4-9C(,.,()8"35%V4$$)%(
 !"#$%&'()*$%*+')#,(*-%#.&#/

7&$'4.*7".%"84.4"&-*".%"$*7"Q;7".%"1K"N%%$/#EF"(%4$)/4.*7"
%-"1@"4]*7"7%"54-"V&%$'*2".%7=&,72"Q*-'4`%7":4"iE*(Q4$%7j<H
#7" '4Q6),-" )-'%(%74-'%" *67%(V4(" $4" 8(%8)%-'%" )Q=*('4-8)4"
.4.4"4$"%7=%8'4.*("%-"%$".)78&(7*".%"$*7"548%.*(%7".%"$4"%78%9
-4<"#$".)(%8'*(")'4$)4-*"[*Q%*"347'%$$&88)"546$4".%"$4"i8&(V49
'&(4".%$$*"7P&4(.*jJ"K/#*8"&4#*$%*/#*H5&#$#M"=4(4"%A=$)8)'4("%$"
5%85*".%"_&%"%$"%7=%8'4.*("Q)(4-.*"548)4"%$"%78%-4()*"%7';2"
!"#$"%2"Q)(4-.*"4.%-'(*".%"7Y"Q)7Q*"e8*Q*"7)"$4".)(%88)R-"
.%"7&"*`%4.4"7%"8&(V4(4e<"p"4_&Y2"=4(4"%$"548%.*("%78,-)8*2"$4"
=(%P&-'4" 7%" V&%$V%" %-'*-8%7F" n8RQ*" .*6$4(" 4.%8&4.4Q%-'%""
$4" V)7'4" .%" $*7" %7=%8'4.*(%7o" +;7" 4$$;2" =&%.%" 7%(" _&%2" %-" $*"
_&%"8*-8)%(-%"4$"'%4'(*2".%7=&,7".%"$4"P(4-"V&%$'4".%"'&%(84"
2#$"4!"2#$"135$,"+"+,%")-)8)*7".%$"++"A$("(.(*3)3<!"2#"$("45&*("
.%$".)(%8'*(".%"%78%-4e2"V)V4Q*7"45*(4"*'(4"V&%$'4".%"'&%(842"
8*-" %$" =4=%$" 7)%Q=(%" Q;7" .%'%(Q)-4-'%" .4.*2" .%`4.*2" =(*9
=&%7'*"*"%A)P).*"G.%=%-.)%-.*".%"$*7"847*7I"4$"%7=%8'4.*(<
#-'*-8%72" n_&," E&-8)R-" 8&Q=$%-" $*7" %7=%8'4.*(%7o" g2" :"
,7'4" 7%(Y4" $4" V%(7)R-" 8(&.4" .%" $4" Q)7Q4" )-'%((*P48)R-F" n=4(4"
_&," 7)(V%" %$" %7=%8'4.*(o" nT4(4" _&," %7';" 4_&Y" 47)7')%-.*" 4" $4"
E&-8)R-2"4$"%-74:*"*"4"$4"Q&%7'(4".%"'(464`*"%-"=(*8%7*o"\-4"
E*(Q4" -*" %A48'4Q%-'%" .%" 8*-'%7'4(" %7'4" =(%P&-'4" 7)-*" .%"
8*-7'(&)("&-4"=$4'4E*(Q4".%7.%"$4"8&4$"4'%-.%($42"8*-7)7'%"%-"
8*-7).%(4("4$"%)E%8.#$(&"8*Q*"&-"5'45.#$(>"+;7"_&%"P%-&)-*"
*")-P%-&*2"%7'%"=&-'*".%"=4(').4"=%(Q)'%"%V)'4("(%=(*.&8)("&-4"
7%()%".%"=(%7&=*7)8)*-%7"G%Q=%/4-.*"=*("$4"Q;7"4((4)P4.4".%"

H
"b4"$)7'4".%"$*7"N%%$/#EF*7%"%-8&%-'(4"%-F
5''=FWWOOO<-%%.8*Q=4-:<*(PW8P)96)-WOOOt%.)'W=(*`%8'7W-8W78()='7W
-8<8P)o'uC[v4uVv).ul##Bb"
J
"k,47%"U%4-9C(,.,()8"35%V4$$)%(":"+4''5)%&"+,V%$2"ib4"8&(V4'&(4"
.%$$*" 7P&4(.*F" 8*-V%(74/)*-%" 8*-" [*Q%*" 347'%$$&88)j2" %-" ^-'*-)*"
^&.)-*"G8**(.<I2*!(&E5*%*45)5('59*5'$5;5*)"/*.%#.&(*8('.%HE(&#'%(2"^(9
'%Q).%2"[*Q42"@>>K2"==<"11N91@@<"

L
'*.47F"%$"'%4'(*"%7"&-"48'*".%"8*Q&-)848)R-2"=*("%-.%"%$"%79
=%8'4.*("E&-P%"8*Q*"(%8%='*(2"%$"48'*("8*Q*"%Q)7*(":"%$"'%A'*"
8*Q*"Q%-74`%I"_&%"$&%P*"-*"54(Y4-"*'(4"8*74"Q;7"_&%"$)Q)'4("
%$"4$84-8%".%"-&%7'(*7".%78&6()Q)%-'*7<"p"-*"E4$'4-"$47"=&%7'47"
%-"%78%-4".*-.%"%$"%7=%8'4.*("%7',2"$)'%(4$Q%-'%2"48*P).*"%-"
'4-'*"_&%")-V)'4.*<"b*7"48'*(%7".%$"D5,w'(%".&"d*$%)$".%"^()4-%"
+-*&85X)-%"48*7'&Q6(4-"7%(V)("%$$*7"Q)7Q*7"$4"8*Q).4"4"$*7"
%7=%8'4.*(%7".&(4-'%"$*7")-'%(Q%.)*7":"4$"8*-8$&)("$4"E&-8)R-f"
$*7")-'%P(4-'%7".%$"8*$%8')V*"Z$*'*=)%"%-"C(4-8)42"8*Q*"$*7".%"
D#(+*," EC," #!" F8;3),0" 1#" ),!73#*+#!" #!" (!4+*3,!#1" ($" (+#!9
.%(".%.)84.4Q%-'%"4"84.4"Q)%Q6(*".%$"=h6$)8*2":4"7%4"8*-"
=(%P&-'47"=%(7*-4$%72"8*-"P%7'*7".%"6)%-V%-).4"*"8*-")-7'(&89
8)*-%7"7*6(%"$4"Q%`*("E*(Q4".%"`&P4("%$"`&%P*"=(*=&%7'*<K"g69
V)4Q%-'%2"%-"Q&85*7"Q*-'4`%7"%$"'(4'4Q)%-'*".%$"%7=%8'4.*("
8*Q*"8*Q%-74$"-*"%7"-)"'4-"*6V)*"-)"'4-".)(%8'*<"d)-"%Q64(P*2"
%7'4".)Q%-7)R-"%7';"4$$Y"=(%7%-'%"e%Q=%/4-.*"=*("%$"7)Q=$%"
'#)',"2#"%&#"$,"%&#"1#"'("32,".*#.(*(!2,"6"',6"1#"#1)#!349
)(0"1#"#1)#!34)(".(*("$,1"#1.#)+(2,*#1"G3!)$&6#!2,"$,1")(1,1"
4-'%()*(Q%-'%"Q%-8)*-4.*7".*-.%"%$"=h6$)8*"$$%P4"Q)%-'(47"
847)"-4.4"%7';"'*.4VY4"$)7'*"*"6)%-".*-.%"$*7"%7=%8'4.*(%7"-*"
%7';-" =(%7%-'%7" .%" Q4-%(4" 8*-7'4-'%Ie<" s%" 4_&Y2" .)P4Q*72"
&-4" '%-.%-8)4" (%4$2" '%-.%-8)4" 4" $4" 8&4$" 7%" .4" Q;7" *" Q%-*7"
(%$%V4-8)42".%=%-.)%-.*".%"$*7"847*7<"
l*"%7'4Q*7"$%`*7".%$"4-;$)7)7".%"U*(P%"B&64'')F"=4(4"%$"%-9
74:)7'4"4(P%-')-*2"$*".%'%(Q)-4-'%".%$"48'*"'%4'(4$"8*-8)%(-%"4"
&-4"i/*-4".%"%A=%()%-8)4"_&%"7R$*"=&%.%"7%("%A=%()Q%-'4.4"
%-"',(Q)-*7"8*-V)V)4$%7j<L"#$"'%4'(*"54"'%-).*"7)%Q=(%"&-4".)9

K
"O3+2*P5)5.#)*@"5#$#)2".)(<"s,8'*("c*&(P%72"=(*.<"D%4'(*"g`*2"D%4'(*"
%')*2"+,A)8*2"@>>K<"!=#HE*$Q%7E<&5%'8%*E&%H5%&2".)(<"c(&-*"d85-%9
6%$)-2"=(*.<"Z$*'*=)%2"C%7')V4$".%"^V)P-*-2"C(4-8)42"1MMN<
L
"U*(P%"B&64'')2"D5/()(RC#*$%/*.%#.&("?>*!('4545(9*%7E%&5%'85#2")"FS%I
.545$#$2"^'&%$2"c&%-*7"^)(%72"@>>K2"=<"1HL<

+/*.%#.&(*=(, M U%4-9C(,.,()8"35%V4$$)%(
 !"#$%&'()*$%*+')#,(*-%#.&#/

Q%-7)R-" 8*-V)V)4$<"k%)-')8)-8*" 7)P$*7" 4'(;72" $*7" %7=%8'4.*(%7"

.%" dRE*8$%7" 7*$Y4-" 8*Q%(" G*$)V47" %-'(%" *'(47" 8*747I" :" 6%6%("
GV)-*I"Q)%-'(47"47)7'Y4-"4"$47"'(4P%.)47f":"&-4"7&%('%".%"=*$)9
8Y47" 4(Q4.*7" .%" $4(P*7" 647'*-%7" =4'(&$$464-" $47" P(4.47" =(*9
8&(4-.*"484$$4("$*7"P(&=*7".%"4Q)P*7"_&%"8*Q%-'464-"%-'(%"
7Y"e:"%-"V*/".%Q47)4.*"4$'4e"$*"_&%"*8&((Y4"%-"$4"%78%-4<"
#-"%$"7)P$*" +-""""%-"#&(*=42"$*7"'%4'(*7"Gi4"$4")'4$)4-4jI"%7'464-"
8*-8%6).*7" =4(4" _&%" %$" =h6$)8*" 7%" =&.)%(4" Q)(4(" %-'(%" 7Y" :"
=4(4"_&%2".%"%7'4"Q4-%(42"84.4"&-*"7&=)%(4"_&),-"%7'464"%74"
-*85%":"_&),-"-*"e$*"_&%"E48)$)'464"$*7"%-8&%-'(*7":"$47"8*-9
V%(748)*-%7" .&(4-'%" %$" )-'%(Q%.)*" *" 6)%-" 4$" 8*-8$&)(" $4" E&-9
8)R-e<"s*:"%-".Y42"%-"=&%6$*7"'()64$%7".%"$4"Z-.)42"Q)%-'(47"
&-"8*-8&(7*".(4Q;')8*"')%-%"$&P4("e:"%7*"4"$*"$4(P*".%"Q;7"
.%"V%)-')8&4'(*"5*(47"7)-")-'%((&=8)R-e2"$*7"=&%7'*7".%"8*Q)9
.4":"6%6).4"4647'%8%-"8*-')-&4Q%-'%"4"$*7"%7=%8'4.*(%7"_&%"
(%_&)%(%-".%"&-"%7=48)*"=4(4"=$4')84(<"p2".%"Q4-%(4"P%-%(4$2"
846(Y4"=(%P&-'4(7%"=*("_&,"&-*"7&%$%")("4$"'%4'(*"-*"7R$*"=4(4"
7#*"&!(",=*("13!,"+(-=38!".(*("H1,)3($3I(*J?"@!"4!0"$("=&1)("
.%" 8*-V)V)4$).4." 54" %A)7').*" :" 7)P&%" %A)7')%-.*" %-" %$" '%4'(*<"
T%(*"B&64'')")-7)7'%"7*6(%"%$"5%85*".%"_&%2"=*("&-4"=4('%2"%7'4"
.)Q%-7)R-" %7" Q;7" =(%P-4-'%" 45*(4" :2" =*(" *'(4" =4('%2" =&%.%"
1#*73*".(*(")($34)(*"$,"%&#"(),!+#)#"#!+*#"#$"#1)#!(*3,"6"$("1($("
e:"-*2"8*Q*"%-"$*7"%`%Q=$*7"4(()64".4.*72"7R$*"%-"$4"74$4e<"
b*" _&%" 7%" %A=%()Q%-'4" ')%-%" 7%-').*" =*(_&%" 7%" %A=%()Q%-'4"
%-"'4-'*"_&%"8*-V)V)*<"p2"'*Q4-.*"%-"8&%-'4"%$"5%85*".%"_&%"
7%"'(4'4".%"&-"8*-V)V)*"4-'%"'*.*".%"*(.%-"4('Y7')8*2"%$"E(4-8,7"
l)8*$47"c*&(()4&."$$%P4"4"546$4(".%"&-4"i%7',')84"(%$48)*-4$j<M"
b4"Q)(4.4".%"$*7"%7=%8'4.*(%7"7%".)()P%"4"$47"(%$48)*-%7"_&%"7%"
'%`%-"%-'(%"%$$*7":"$*"_&%"48*-'%8%"%-"%$"%78%-4()*<"d*-"%7'47"
(%$48)*-%7"$47"_&%"7%"V&%$V%-"%$"-h8$%*".%"$4"*6(4<"

M
"k,47%"l)8*$47"c*&(()4&.2"+).=<.5T"%*&%/#.5(''%//%2"b%7"T(%77%7".&"
[,%$2"T4(Y72"@>>1<

1>
 +;7" 4$$;2" B&64'')" :" c*&(()4&." )-7)7'%-" '4Q6),-" 7*6(%" %$"
.)7E(&'%"_&%"7%"')%-%"4$"%7'4("`&-'*7<"#$".)7=*7)')V*"%78%-*P(;9
4),"#!"#$"%&#"2,1"5*(2(1"#1+/!"),$,)(2(1"B*#!+#"("B*#!+#"6"$("
%78%-4"*8&((%"%-"%$"Q%.)*"7%"54"V&%$'*"847)"&-"$&P4("8*Qh-2"
:4"7%4"%-"#&(*=42"8*-"$4"'%(8%(4"V%(7)R-"_&%"T4'()8%"35,(%4&"
=(*=&7*".%"+'*/#*)(/%$#$*$%*/()*8#HE()*$%*#/@($A'2"%-"^Q,9
()84"b4')-4"8*-"UVA'$%*%).#&<*%).#*'(8=%W".%"3$4&.)*"k4$.,7"
x&()2"*"6)%-"%-"^7)4"8*-"-=%*X.=%&*O.(&,"KB#*(.&#*=5).(&5#M".%"
d&=():*" d4Q4`.4(<1>" b*" _&%" &-" .)7=*7)')V*" 47Y" =%(Q)'%" %72" $)9
'%(4$Q%-'%2" -*" =%(.%(" .%" V)7'4" %$" 5%85*" .%" _&%" '*.*7" %7';-"
`&-'*72"48'*(%7":"%7=%8'4.*(%7"e:"_&%".%"%7*"&-*"7%"(%P*8)`4<
^5*(4" 6)%-2" 7&6(4:4(" $4" .)Q%-7)R-" 8*-V)V)4$" :" (%$48)*-4$"
2#$" ()+," +#(+*($" !," (5,+(" 2#$" +,2," $(" #1.#)34)32(2" 6" $(" 13!9
P&$4().4." .%$" =4=%$" (%7%(V4.*" 4$" =h6$)8*" %-" %7'%" 8*-V)V)*" *"
%-" %7'4" =&%7'4" %-" (%$48)R-" 4Q)7'*74<" B%8)(" _&%" '*.*7" %7';-"
`&-'*7" %-" %7'%" E*(*" -*" 647'4" =4(4" .4(" 4" 8*Q=(%-.%(" $4" E&-9
8)R-".)E%(%-8)4$"_&%"$%"'*84"4"84.4"_&)%-<"T*("7&=&%7'*2"_&%"
#$"#1.#)+(2,*"1#("&!"3!73+(2,"135!34)("%&#"B,*-(".(*+#"2#"&!"
8*-V)V)*".*-.%"$47"(%$48)*-%7"548%-"Q;7"_&%")Q=*('4(2"=%(*"
135!34)(" +(-=38!0" 6" -/1" #1.#)K4)(-#!+#0" %&#" 1#" '(" 7&#$+,"
&-4"=%(7*-4"4$"7%(V)8)*".%"$4"8&4$"=*-%(7%<"^_&Y"%7';"%$")-'%(,7"
.%$"%-E*_&%2"=*(_&%"-*7"=%(Q)'%".)7')-P&)(F"%$"%7=%8'4.*("-*"
%7"&-"Q)%Q6(*"8&4$_&)%(4".%$"8*-`&-'*<"^"$4"=(%P&-'4F"n=4(4"
_&,"7)(V%"%$"%7=%8'4.*(o2"7%"=&%.%"(%7=*-.%(F"Y)5&4%*E#&#*T"%*
/%* )5&4#'Z" #A)7'%" &-4" .)7)Q%'(Y4" %-" $4" (%$48)R-" %78%-4()*W74$4"
_&%"%$"8*-8%='*".%"8*-V)V)*"-*"=%(Q)'%"464(84(F"$4"=()Q%(4"
E&-8)R-".%$"%7=%8'4.*("%7"$4".%"(R&%8%&)%*E#&#*T"%*/(*#.5%'$#'>"

1>
" V#')* /#* )(/5."$%* $%)* 8=#HE)* $%* 8(.('2" .)(<" T4'()8%" 35,(%4&2"
=(*.<"D5,w'(%".%7"y&4(')%(7".zZV(:2"C(4-8)42"1MMH<"UVA'$%*%).#&<*%).#*
'(8=%W9".)(<"3$4&.)*"k4$.,7"x&()2"=(*.<"D%4'(*".%"3)%('*7"s46)'4-'%72"
"'()2"+,A)8*2"@>>?<"-=%*X.=%&*O.(&,2".)(<"d&=():*"d4Q4`.4(2"=(*.<"c)9
65464-2"Z-.)42"@>11<"

+/*.%#.&(*=(, 11 U%4-9C(,.,()8"35%V4$$)%(
 !"#$%&'()*$%*+')#,(*-%#.&#/

p"%7"%7'4"E&-8)R-"$4"_&%"%A=$)84"$4"7)-P&$4().4.":"$4"48'&4$).4."
.%$".)7=*7)')V*<
b4"P$*64$)/48)R-".%$"Q%(84.*"8*-.&8%2")Q=$4846$%Q%-'%2"
4"$4"P%-%(4$)/48)R-".%"$4"(%$48)R-"Q%(84-')$"e%7*"4"84Q6)*"
.%"4_&%$$*2"%-'(%"P*6)%(-*72"P(&=*7"7*8)4$%7":"'4Q6),-"=%(7*9
-47e<"#-"'4$"8*-'%A'*2"_&%"54:4"&-"$&P4("G=*-P4Q*7"4_&Y"%$"
'%4'(*2"4"746)%-.47".%"_&%"54:"*'(*7I".*-.%"$4"(%$48)R-"%-'(%"
7%(%7"5&Q4-*7"-*"=4(')8)=4".%"$4"Q)7Q4":"&-)E*(Q%".)-;Q)84"
7%"V&%$V%2"4.%Q;7".%"(4(*2"%A'(%Q4.4Q%-'%"V;$).*<"^'%-.%("4$"
*'(*"7)-"%7=%(4("-4.4"4"84Q6)*m"$4"=%8&$)4().4."=*.(;"=4(%9
8%("7%-8)$$4":".%"Q&:"=*84"8*-7)7'%-8)42"=%(*"8*-7')'&:%"P(4-"
=4('%".%"$4"(4/R-".%"7%(".%$"%7=%8'4.*("%-"%$"'%4'(*".%"5*:<
b*".)P*"*'(4"V%/F"%$"'%4'(*"-*"7)(V%"=4(4"-4.42"%7"&-4"489
')V).4."P(4'&)'4<"p"%7"%7*"=(%8)74Q%-'%"$*"_&%"$4"$$4Q4.4"_&%"
$4-/4" %$" %7=%8'4.*(" 548)4" $*7" 548%.*(%7" .%" $4" %78%-4" 548%"
(%8*(.4(F"Y)C&4#'H%Z>>>*,*)C&4#'H%*#*8#HF5(*$%*'#$#>"#7"4"%7'4"
=%')8)R-"_&%"6&784-"(%7=*-.%("Q*-'4`%7"8*Q*"$*7".%"b4"34(9
-)8%(Y4"D%4'(*"%-"#7=4]42".%"+4=4"D%4'(*"%-"3*$*Q6)4"*".%"
$4"8*Q=4]Y4"d4754"{4$'/"v"a&%7'7"%-"^$%Q4-)42".)7=*7)')V*7"
84$$%`%(*7"8*Q*"$*7".%"T%()E,()8*".%"g6`%'*7"%-"^(P%-')-4"*"
.%$"3*$%8')V*"+&"%-"C(4-8)4F"n8RQ*"4'%-.%("4$"%7=%8'4.*(o2"
n8RQ*"%7'4("4"7&"7%(V)8)*o
L,*"1&.&#1+,0"1#".&#2#"-($#!+#!2#*"#1+("(4*-()3<!?"9("$<9
P)84" %7=%8'48&$4(" 4')%-.%" 4=4(%-'%Q%-'%" $4" Q)7Q4" =%')8)R-<"
b4" Q4:*(Y4" .%" $*7" =(*P(4Q47" '%$%V)7)V*7" 7%" 4(Q4-" 6&784-.*"
(%7=*-.%(" =(%P&-'47" 7)Q)$4(%72" 4$" Q%-*7" 4" =()Q%(4" V)7'4m"
T*(_&%2" %-" (%4$).4.2" $4" =(%P&-'4" 4_&YF" n8RQ*" 74')7E48%(" $47"
#;.#)+(+37(1" 2#$" +#$#732#!+#M0" 234#*#" 2#" $(" ,+*(>" N)<-," #1+(*"
4$" 7%(V)8)*" .%$" %7=%8'4.*(" .%" '%4'(*o"^.%Q;72" %-" %$" 847*" .%"
$4"'%$%V)7)R-2"$4"=(%P&-'4"%7"7R$*"(%'R()84f"-*"%7=%(4"(%7=&%7'4"
4$P&-4".4.*"_&%"$4"(%7=&%7'4":4"54"7).*"E*(Q&$4.4":"%-"$*7"
',(Q)-*7"Q;7"8$4(*7<"C&%2"%-"7&"Q*Q%-'*2"&-"%78;-.4$*2"=%(*"
($" -#!,1" +&7," $(" 7#!+(C(" 2#" 1#*" &!(" (4*-()3<!" #;.$K)3+(>" #$"

1@
.)(%8'*("P%-%(4$".%$"=()Q%("84-4$"=()V4.*"E(4-8,7"GDC1I"%A=$)9
8R2"%-"&-4"%-'(%V)7'4"4"$4"(%V)7'4"7%Q4-4$"-%/%&#H#9"_&%"$*7"
=(*P(4Q47" .%" $4" 84.%-4" _&%" .)()PY4" '%-Y4-" 8*Q*" =(*=R7)'*"
.)7=*-%("%$"8%(%6(*".%$"'%$%V).%-'%"4"(%8)6)(".%"Q4-%(4"E4V*9
(46$%"%$"8*Q%(8)4$".%"$4"3*8493*$4m"[Y$575.Z\"g6V)4Q%-'%2"4$"
8)'4("$*7"'(464`*7"%78,-)8*7".%"[*.()P*"a4(8Y42"[*$E"^6.%(54$9
.%-"*"d4754"{4$'/2"7%"(%8*-*8%"8$4(4Q%-'%"_&%".%"$*"_&%"7%"
'(4'4"%7".%"&-4"4'%-8)R-"548)4"%$"%7=%8'4.*("Q&85Y7)Q*"Q;7"
%A)P%-'%":"Q;7"=%('&(64.*(4"e'4-'*"=4(4"%$"%7=%8'4.*("8*Q*"
=4(4"%$"4(')7'4e<"T*-%(7%"4$"7%(V)8)*"-*"_&)%(%".%8)("(%7=*-.%("
%A=%8'4')V47" E*(Q4'%4.472" '*.*" $*" 8*-'(4()*<" [*.()P*" a4(8Y4"
),!4#1(0".,*"#C#-.$,>"

#7" &-4" &'*=Y4" -%8%74()4" =4(4" 7%P&)(" '(464`4-.*" =%-74(" _&%" &-*"
=&%.%"548%("4$P*".%".4]*"4$"=h6$)8*<"#7".%8)(2"_&%"=&%.%"7484("
(" $(" 1&.#*4)3#" &!(" *#($32(2" %&#" #$$,1" 4!5#!" 35!,*(*?" O()#*" %&#"
.)()`4-"7&"Q)(4.4"4$$Y".*-.%2".&(4-'%"'*.*"%$".Y42"-*"54-"_&%().*"
Q)(4(<"#7"&-4"64'4$$4"8*Q=$)84.4"=*(_&%"54:"_&%"%7'4("4"$4"4$'&(4<11

#7'4Q*7"48%(8;-.*-*7"4"$*"_&%"s4-79D5)%7"b%5Q4--"$$4Q4"
i=*$Y')84".%"$4"=%(8%=8)R-j":"i%7',')84".%"$4"(%7=*-746)$).4.j<1@"
s4:"_&%"%-'%-.%("_&%"%$")-V)'4.*"%7"'4Q6),-"$4"=%(7*-4")-V)9
'4.4"4"548%(<"#$"V%(6*"i)-V)'4(j")Q=$)84"&-"i%A8)'4("4jF"%$"7*$"5'I
45.#*#"74$)(2"&-"6&%-"P&)7*"8*Q6)-4.*"8*-"&-"6&%-"V)-*"5'45.#*
#"'(=$(*?"@$"(!4+*3<!"2#"$(")#!("'()#"+,2,"$,".,13=$#".(*("%&#"
%$")-V)'4.*"=47%".%$"47)7')("4$"548%(<"p"&-"548%("_&%"8*-7)7'%2"
%-"%$"847*".%$"'%4'(*2"-*"%-"8*((%("4"8*Q=(4("&-4"3*8493*$4"

11
"[*.()P*"a4(8Y42"iD%4'(*"=4(4"(%7)7')(j2"%-"!(/(T"5(*5'.%&'#85('#/*
)(F&%*%/*@%).(*.%#.&#/*8('.%HE(&]'%(2" %')*W#78%-*$*PY4WT(*:%8'*"N2"
+,A)8*2"@>>?2"==<"11>9111<
1@
"k,47%"s4-79D5)%7"b%5Q4--2"B%*.=<^.&%*E().$&#H#.5T"%9"bz^(85%2"
T4(Y72"@>>@2"=<"@M@<

+/*.%#.&(*=(, 1N U%4-9C(,.,()8"35%V4$$)%(
 !"#$%&'()*$%*+')#,(*-%#.&#/

7)-*"%-"%7'4("=(%7%-'%":"Q)(4("e.)()P)%-.*"$4"Q)(4.42"4]4.Y4"
a4(8Y42"548)4"$*"_&%"-*"7%"48*7'&Q6(4"Q)(4(2"%7".%8)(F"%7'4("
=(%7%-'%"4"$*"_&%"7%"V%e<"s%"4_&Y2"5*:"%-".Y42"&-4"8*-.)8)R-"
)5'%*T"#*'('"=4(4"_&%"%$"48*-'%8%("'%4'(4$"7)P4"7&"8&(7*F"_&%"
%$"%7=%8'4.*("%7',"=(%7%-'%"4"$*"_&%"V%<"3&4-.*2"%-"0#E59*,#*
45*%).#*(F&#*)%5)*4%8%)*,*.($#4C#*'(*%'.5%'$(*E(&*T"<*)%*E%I
@#'*%'.&%*%//()2"$4"8*(%RP(4E4"7&(4E()84-4"[*6:-"g($)-"=).%"4"
7&7"64)$4()-%7"74$)(7%".%$"E*(*"=4(4"'*Q4("&-"'4A)"%-"$4"84$$%2"
4=&%7'4"4"_&%"%$"=h6$)8*2"7%-'4.*"%-"$47"6&'48472"7%P&)(;"8*-"
4'%-8)R-"%7'47"=%()=%8)47"%-"$4"=4-'4$$4".%"=(*:%88)R-<1N"s48%"
E4$'42"=%7%"4"_&%"$*7")-',(=(%'%7":4"-*"%7',-"G(%P(%74(;-".%79
=&,7" =4(4" $*7" 4=$4&7*7I2" _&%" $*7" %7=%8'4.*(%7" 7)P4-" %7'4-.*"
4_&Y":"45*(4"Q)(4-.*"$*"_&%"=474<
B%"5%85*2"$4"-*8)R-".%$"i%7'4("=(%7%-'%j"7%"54"Q4$)-'%(9
=(%'4.*<"T*("$*"(%P&$4(2"7%"=)%-74"_&%"8*-8)%(-%"7R$*"4$"%78%9
-4()*"e4"$*7"48'*(%7"4-'%"'*.*e2"Q)%-'(47"_&%"%-"$47"=(;89
')847" 8*-'%Q=*(;-%47" 8*-8)%(-%" .)(%8'4Q%-'%" '4Q6),-" 4$"
#1.#)+(2,*?"@1+(*".*#1#!+#"135!34)(0".(*("#$"#1.#)+(2,*".&#10"
%7'4(" .)7=*-)6$%" =4(4" 48*P%(" $*" _&%" 45*(42" %-" %$" =(%7%-'%2"
7&(P%<"^8*P%(m"%7".%8)("'(464`4("8*-"$*"_&%2"%-"%7'%"Q*Q%-9
'*":"%-"%7'%"$&P4(2"%7';"48*-'%8)%-.*<"#$"(%8)%-'%"Q*-'4`%".%"
[*Q%*"347'%$$&88)"%-"%$"C%7')V4$".%"^V)P-*-"@>112"O(F&%*%/*
8('8%E.(* $%* &().&(* %'* %/* =5S(* $%* V5()" %A)P%" Q&85*" .%$" =h9
6$)8*<"3(Y')8*7"_&%"47)7')%(*-"4$"%7'(%-*"GC46)%--%"B4(P%".%$"
=%()R.)8*"B%*6('$%":"[%-,"d*$Y7".%$"=%()R.)8*"B5F<&#.5('\1?"
(%8*-*8%-" _&%" =*8*7" .)(%8'*(%7" %A)P%-" '4-'*" 8*Q*" 347'%9

1N
"V#$$,9*?Q4%*)%%'*.=5)*E5%8%*)57*.5H%)*F%R(&%*#'$*?*).5//*$('Q.*L'(J*
J=,*.=%,*#&%*="&.5'@*%#8=*(.=%&2".)(<"[*6:-"g($)-2"=(*.<"B4-8%"\Q9
6(%$$42"|E()84".%$"d&(2"1MMM<
1?
"k,47%"C46)%--%"B4(P%2"i347'%$$&88)"4((}'%"$%"35()7'"~"^V)P-*-j2"
B%*6('$%9"@N".%"`&$)*".%"@>11f":"[%-,"d*$Y72"i35()7'".z4$4(Q%j2"B5F<I
&#.5('9*@@".%"`&$)*".%"@>11<

1?
$$&))3?"P0"),!4#1("Q,R$$#"S(3$$,+0"*#.,*+#*("2#"$("*(23,23B&1,*("
C(4-8%"3&$'&(%2"_&%"7%"'(4'R".%"i.%`4("V%-)("548)4"&-*"Q)7Q*"
$4"V)*$%-8)4".%"$*"_&%"7%"Q*7'(464":"$4")-')Q).4."4"$4"8&4$"-*7"
.%V&%$V%"%74"V)*$%-8)4j<1H"d%"$%"=).%"45*(4"Q&85*"4$"%7=%89
'4.*(2"=*(_&%2":"%-"h$')Q4")-7'4-8)42"%7",$"%$"(%8%=';8&$*".%"
'*.*<"D*.*"$*")Q=*('4-'%"_&%"*8&((%2"7&8%.%"%-",$"e:"4$$Y"7%"
),!4*-("$(".#*+3!#!)3("+(!+,"2#"$("(4*-()3<!"2#"T(1+#$$&))3"
%-"8&4-'*"4"$4"8&(V4".%"$4"Q)(4.42"8*Q*".%"$4"*67%(V48)R-".%"
a4(8Y4"%-"8&4-'*"4"$4"-%8%7).4.".%"Q)(4(".%64`*".%"$4"7&=%(9
4)3#A?"9(".*#5&!+(>"N%&8"'()#*".(*("%&#"#$"#1.#)+(2,*"#1+8"
=(%7%-'%o" %_&)V4$%" 47Y" 4" n8RQ*" =(*8%.%(" =4(4" _&%" 7*7'%-P4"
$4"Q)(4.4o
U$"4!"6"($")(=,0"2#"$,"%&#"1#"+*(+("#1"2#"%&#"#$"#1.#)+(2,*"
7)%-'4<"l*"54:"-4.4"4-'%7".%"%7'%"7%-')(<"b4"Q)(4.42"8&(V4.4":"
2#=(C,"2#"$("1&.#*4)3#0"#1".*3-#*(-#!+#"1#!1,*3($?"@$"(*+#B()+,"
'%4'(4$"=(*8&(4"=(*.&8)("7%-748)*-%7"%-"%$"%7=%8'4.*(<"3*Q*"
7)2"!"#$"%2"%$"%7=%8'4.*("%7'&V)%(4"Q)(4-.*"$47"7%-748)*-%7"_&%"
%Q%(P%-".%-'(*".%",$<"n3RQ*"548%("%-'*-8%7"=4(4"_&%"%$"%79
=%8'4.*("8*-')-h%"7)-')%-.*2"%-"$*"4P(4.46$%"'4-'*"8*Q*"%-"$*"
.%74P(4.46$%o"p"-*"*$V).%Q*7"$4"=()Q%(4"5)=R'%7)7F"%$"%7=%8'49
.*("E&-P%"8*Q*")-V)'4.*<"l*"$*"*$V).%Q*7"=*(_&%"4_&Y"%7';"%$"
.&"8("_&%"%A=$)84"=*("_&,"&-*"7*7')%-%"$4"Q)(4.4<"#-"%E%8'*2"
#!+*(" #!" C&#5," &!(" 1#!1()3<!" #1.#)K4)(>" $(" 2#" #1+(*" (),532,"
e%7".%8)("$4"8*-V)88)R-".%"_&%"%A)7'%"&-"$&P4(".%7.%"%$"8&4$"
&-*"=&%.%"7%-')("8*-"'*.4"$)6%('4.e<"p4"7%4"4P(4.46$%"*".%79
(5*(2(=$#0"#$"#1.#)+(2,*"1#"13#!+#"H=3#!J"A$,"%&#"!,"135!34)("
%A48'4Q%-'%"%-"84742"=*(_&%"%7'4("4$$Y2"7)-')%-.*"8*-"'4-'4")-9
'%-7).4.2":4"%7"$4"(%7&$'4-'%".%"&-".%7=$4/4Q)%-'*e<"T%(*"4$"
-#!,1"#1+/"H#!"),!4(!I(J0"),-,"13"#;.#*3-#!+(*"#1+(".,13=3$39
.4."(%4$".%"7%-')("$)6(%Q%-'%"$%"5&6)%(4")-8)'4.*"4"i(%8*-%8'4(j"
8*-7)P*"Q)7Q*<"s%-()"+)854&A".%8Y4"_&%"8*-'%Q=$4("%7"7%-9

1H
"C(4-8%"3&$'&(%2"-*')8)%(*".%"$47"J"=<Q<2"@1".%"`&$)*".%"@>11<

+/*.%#.&(*=(, 1H U%4-9C(,.,()8"35%V4$$)%(
 !"#$%&'()*$%*+')#,(*-%#.&#/

')(7%"48*P).*<1J"#7"$4"Q)7Q4"%A'(4]4".)7=*7)8)R-F"&-*"7%"7)%-'%"
48*P).*2"6)%-V%-).*2"(%$4`4.*":2"=*("%-.%2"=&%.%"8*-'%Q=$4(2"
48*P%("4"7&"V%/"$4"Q&$')=$)8).4.".%"7%-748)*-%7"_&%"7&(P%-2"$*"
'#*-,1,"),-,"$,"#1.(!+,1,?"NT<-,"#!+#!2#*"13"!,"$("(4*-(9
8)R-".%"a4(8Y4F"%-"%$"'%4'(*"$*7"%7=%8'4.*(%7".)()P%-"7&"Q)(4.4"
4$$Y".*-.%2".&(4-'%"'*.*"%$".Y42"-*"54-"_&%().*"Q)(4(o
g6V)4Q%-'%2"%$"=(*8%7*"-*"'%(Q)-4"4_&Y<"b4"$46*(".%$"%79
=%8'4.*(9)-V)'4.*"-*"7%"$)Q)'4"4"_\"=%.)("_&%"$*"7)(V4-2"`\"%7'4("
=$%-4Q%-'%"=(%7%-'%"4"$*"_&%"48*-'%8%":"a\"7%-')("$)6(%Q%-9
'%<"C4$'4".%78()6)("$47"8*-7%8&%-8)47".%"%7'4"Q)(4.4"7*7'%-).4<"
d&%$%"=474("_&%2".%7=&,7".%"V%(2"$&%P*".%"7%-')(2":"$&%P*".%"V%("
1&"1#!+3*0"&!,"%&3#*("2(*"1#!+32,"("#1+#"1#!+3*"G$("*#.,*+#*("Q,R9
$$%"a4)$$*'"546$464".%"i)-')Q).4.jI"%")-8$&7*"=%-74("$47")Q=$)9
848)*-%7".%"%7'%"7%-').*".4.*"4$"7%-')("Ga4)$$*'"(%8*-*8Y4"_&%"
$4"V)*$%-8)4"$*"8*Q=*-%"4"84.4"&-*I<"#-"*'(47"=4$46(47F"V%("7&"
=(*=)*"7%-')(")Q=$)842"%-"Q&8547"*847)*-%72"&-"%7E&%(/*"=%(9
7*-4$"=*("-*Q6(4($*<"T*("%`%Q=$*2".%7=&,7".%"546%("=(%7%-9
8)4.*"&-4"=&%7'4"%-"%78%-4".%"6]T"5'#Ib#H/%.".)()P).4"=*("
&-"7%(V).*(2"&-4"%7=%8'4.*(4"7%"=&7*"4"$$*(4(<1K"b&%P*"%A=$)8R"
_&%"%$"Q*-'4`%"$%"546Y4"i546$4.*j".%"7&"%-8%((4Q)%-'*"%-"$4"
3)&.4.".%"+,A)8*<"^$$Y2"%-"%7'4"P(4-"&(6%2"7%"7%-'Y4"8*Q*"%-"
&!(")/*)#$0"),-#!+<?"P"),!)$&6<"(4*-(!2,"%&#0"2#"',6"#!"
4.%$4-'%2"7%"'%-Y4"_&%"8*Q=*('4(".%"Q4-%(4".)7')-'4"8*-"7&7"
5)`*7<"#$"Q*-'4`%2"_&%"8*Q6)-464"%$"'%A'*".%"s%)-%("+•$$%("
8*-"7%8&%-8)47".%"48(*648)42"8*(%*P(4EY47"Q)-)Q4$)7'472"'(479
$4.*7".%-'(*".%"&-4"-4V%"%-"(%=4(48)R-".%$"+&7%*"l48)*-4$"
.%" $47" 3&$'&(472" $4-8%7" .%" 7)$$47" =$%P46$%7" :" Q&%6$%7" .%75%9
85*72"%'8<2"-*"546$464"-)".%"$4"3)&.4.".%"+,A)8*"-)"'4Q=*8*"

1J
"k,47%" s%-()" +)854&A2" 65)<&#F/%* H5&#8/%>* B#* H%)8#/5'%2" a4$$)9
Q4(.2"T4(Y72"1MK@<"
1K
" 6]T"5'#Ib#H/%.2" .)(<" U%4-9C(,.,()8" 35%V4$$)%(2" =(*.<" ./02" T(*9
:%8'*"N2"+,A)8*2"@>>?<

1J
.464"8*-7%`*7"=4(4"Q%`*(4("$47"(%$48)*-%7"%-'(%"=4.(%7"%"5)`*7<"
#7%"7%-').*"GiQ%"7)%-'*"4_&Y"%-"&-4"8;(8%$jI":"%7'%"=%-74Q)%-9
'*"GiQ%"8*Q=*('4(,".)E%(%-'%"8*-"Q)7"5)`*7jI"E&%(*-"=(*.&8)9
.*7" =*(" %7'4" %7=%8'4.*(4" _&)%-2" V)%-.*" %$" Q*-'4`%2" %A=%()9
Q%-'R"7%-748)*-%7"=(*=)47<"#$"=%-74Q)%-'*"_&%"%$$4"'&V*2"5'*
$"%2"7&(P)R".%$"5%85*".%"_&%"$4"7%()%".%"7%-748)*-%7"V)V).47"
'%(Q)-R" 4._&)()%-.*" 7%-').*F" %$" '*Q4(" 7%-').*" =(%8%.)R" 4" $4"
8*-7'(&88)R-".%"&-"=%-74Q)%-'*<"b4"%A48'4"8(*-*$*PY4"7%(Y4"
%-'*-8%7F"&-4"V%/"_&%".4"7%-').*2"&-4"V%/"_&%"$4"%A=%()%-8)4"
7%-7*()4$"4$84-/4"7%-').*2"%$"%7=%8'4.*("%Q=)%/4"4"=%-74(<"p2"
%-" %7'%" =(%8)7*" 847*2" %$" =%-74(" $$%V4" 4" %Q=(%-.%(" 488)*-%7"
(%4$%72"%7".%8)("E&%(4".%$"E*(*"'%4'(4$<1L
T%(*".)P4Q*7"_&%"%7'47"7&67%8&%-'%7"%'4=47"7*-"=*7)6)$)9
.4.%7f"-*"48*-'%8%-"7)%Q=(%<"D4Q=*8*"7%"%A)P%"_&%"48*-'%/9
84-<"p2"547'4"8)%('4"Q%.).42"4&Q%-'4"$4"=(*646)$).4.".%"_&%"
48*-'%/84-" 8&4-.*" -*" 7%" %A)P%" _&%" 48*-'%/84-<" [%P(%74(%9
Q*7" 4" %7'4" =4(4.*`4" Q;7" 4.%$4-'%2" 4$" 8*-8$&)(" %7'%" %7'&.)*<"
p"%7*"-*7".4(;"%$"=)%"=4(4"=(*=*-%("$*"_&%"'*.4VY4"-*"5%Q*7"
%-8*-'(4.*F" &-4" ')=*$*PY4" .%$" %7=%8'4.*(" Q)7Q*<" T*(" 45*(4"
)Q=*('4"%-'%-.%("8*-8(%'4Q%-'%"8RQ*"$4"E&-8)R-"*"$47"E&-9
8)*-%7" .%$" 48'*(" 7%" (%%$46*(4G-I" %-" (%$48)R-" 8*-" $47" .%$" %79
=%8'4.*(<

4(2#)&2#2.,$#1%(0#).,

a)$$%7" B%$%&/%2" 6&784-.*" -*Q6(4(" 8*-" %A48')'&." $4" $46*("

.%7%Q=%]4.4"=*("&-4"=%(7*-4"%-"%$"%78%-4()*2"$$%P4"4"=(*9

1L
"T4(4"Q;7".%'4$$%7"7*6(%"$4"8(*-*$*PY4".%"%7'%"=(*8%7*"_&%"$$%V4"
4$"%7=%8'4.*(".%"&-"7%-')("4"&-"=%-74(2"V,47%"U%4-9C(,.,()8"35%V4$$)%(2"
iC%-*Q%-*$*PY4" .%$" =(%7%-'4(j2* B5.%&#."&#2* -%(&C#9* b5).(&5#9* !&C.58#9*
-hQ<"1N2"c*P*';2"\-)V%(7).4."l48)*-4$".%"3*$*Q6)42"@>112"==<"?M9LN<

+/*.%#.&(*=(, 1K U%4-9C(,.,()8"35%V4$$)%(
 !"#$%&'()*$%*+')#,(*-%#.&#/

=*-%("%$"',(Q)-*".%"i*=%(4.*(j<1M"#$"*'(*(4"48'*("7%"54"V&%$'*"
&-"i*=%(4.*(j".%"$4"%78%-4<"#$"',(Q)-*"')%-%"&-4"P(4-"V%-9
'4`4F" =%(Q)'%" =%-74(" %-" &-" 48'*(" _&%" -*" 48'h4" e&-4" 8*74"
%&#0" B&#*(" 2#" 1#*" ),!+*(23)+,*3(0" ,)&**#" ),!" &!(" 2#4!3+37("
(%8&((%-8)4"5*:"%-".Y4e<"#-"$4"'%(8%(4"V%(7)R-".%"-%).5@(*$%*
/#)*&"5'#)2"$4"h$')Q4"546)'4-'%".%$"64(()*".%$"34('&85*"G%-"c*9
P*';I2"_&%"=(%=4(4"4(%=47"%-"%$"=(*78%-)*2"-*"7)Q&$4"7%("b4.:"
+486%'52"-)"gE%$)42"-)"&-4".%"7&7"7)(V)%-'47f"$4"8*8)-%(4"-*"
=(%'%-.%"%-84(-4("&-"$&#H#.5)*E%&)('#%2"7&"=4(')8)=48)R-"%-"
$4"%78%-4"7%"$)Q)'4"4"=(%=4(4("4(%=47":"4"*E(%8%($47"4$"=h6$)9
8*"4$"8*-8$&)("$4"E&-8)R-<"b*7")-',(=(%'%7".%$"P(&=*"`4=*-,7"
V(!W(3"Q&W&"*#($3I(!"())3,!#1".*#)31(1".#*,"+(-.,),"45&*(!"
7%("&-*"&"*'(*"=%(7*-4`%".%"&-4"'(4Q4".(4Q;')84<@>"p"546$4("
.%"'*.*7"%$$*7"%-"'4-'*"_&%"(E%&#$(&%)*$%*/#*%)8%'#"4:&.4"
4" %-'%-.%(" _&%" $*" _&%" 548%-" %-" %7'47" %78%-47" ')%-%" =*8*"
_&%"V%("8*-"&-4"%7',')84".%"$4"(%=(%7%-'48)R-<"s*:"%-".Y42"
$*" _&%" %$" %7=%8'4.*(" Q)(4" =()Q%(*" %7" 4$" *=%(4.*(" =(%7%-'%"
%-"%$"%78%-4()*"e$*"Q)(4"%-"'4-'*"_&%"=(%7%-'%":"-*"'4-'*"
8*Q*"(%=(%7%-'4-'%e<"p"=(*646$%Q%-'%2"$47"V4()48)*-%7"_&%"
7%"*67%(V4-"%-"%$"'(464`*".%"%7'%"*=%(4.*("7*6(%"%$"%78%-4()*"
8*-8)%(-%-2"%-"=()Q%(4")-7'4-8)42"4"$47"Q4-%(47".%".4("4"V%("
*".%".%`4("V%("4$"%7=%8'4.*("7&"=(%7%-8)4<"
d%"=&%.%"546$4("4_&Y".%"H($#/5$#$%)*#8.(&#/%)2"%7".%8)("
.%" .)E%(%-'%7" H($")* (E%&#'$5" G*" Q4-%(47" .%" *=%(4(I" 4"
'(4V,7" .%" $*7" 8&4$%7" &-" 48'*(9*=%(4.*(" 7%" .%`4" *67%(V4("
.,*" $,1" #1.#)+(2,*#1" A6" #C#*)#" (1K" 1&" B&!)3<!" 2#" (!4+*3<!"
548)4"$*7")-V)'4.*7e<"#78*P%("&-4"Q*.4$).4."&"*'(42"*"6)%-"

1M
"a)$$%7"B%$%&/%2"i\-"Q4-)E%7'%".%"Q*)-7j2"%-"34(Q%$*"c%-%":"
a)$$%7"B%$%&/%2"O"E%&E()5.5(')2"+)-&)'2"T4(Y72"1MKM2"=<"LM<
@>
" -%).5@()* $%* /#)* &"5'#)* ???2" .)(7<" [*$E" :" s%).)" ^6.%(54$.%-2"
=(*.<" +4=4"D%4'(*2" 3*$*Q6)42" @>>H<" c#&#* 652" .)(<" \75)*"^Q4P4'7&2"
=(*.<"d4-X4)"U&X&2"U4=R-2"@>1><

1L
8*Q6)-4($47"*"548%($47"7&8%.%(7%"%-"8)%('*"*(.%-2"7*-"%7'(49
'%P)47"%7',')847"%Q=(%-.).47".%7.%"%$"%78%-4()*2"%7'(4'%P)47"
=*(_&%" *='4(" =*(" &-4" Q*.4$).4." &" *'(4" G%'8<I" 7%" V&%$V%" &-"
Q*.*" 8*-8(%'*" .%" (%7=*-.%(" $4" =(%P&-'4F" n8RQ*" *=%(4" %$"
()+,*"1,=*#"1K"-31-,".(*("1#*"#4)(I-#!+#",.#*(+37,".(*("),!"
%$"%7=%8'4.*(o"
^$"548%("&-4"$)7'4".%"%7'47".)E%(%-'%7"Q*.4$).4.%72"47Y"8*Q*"
.%"7&7"(%7=%8')V*7"Q*.*7".%"*=%(4(2"7%"$$%P4"4"'%-%("&-"=4-*9
(4Q4".%"$*"_&%")Q=$)84"$4"$46*("48'*(4$"%-"$*7"%78%-4()*7"8*-9
'%Q=*(;-%*7<"GB%6*"=(%8)74("'4Q6),-"_&%"$4"')=*$*PY4"_&%"=(*9
=*-P*"45*(4":"_&%"7%P&(*"=4(%8%(;"&-"'4-'*"%A'(4]42"%7"=4(8)4$"
:"=4(8%$4()42"$$4Q4.4"-*"7R$*"4"7%(".)78&').4"7)-*"'4Q6),-"4"7%("
-,234)(2(0"#1"2#)3*0"+(!+,"),-.$#+(2("),-,"*#),*+(2(?X
b4"=()Q%(4".%"%7'47"Q*.4$).4.%7"')%-%"_&%"V%("8*-"&-4"%A9
5)6)8)R-"()P&(*74".%"$4"=(%7%-8)4"Q)7Q4"&'(%)*+#'+)%+,)-$'+"
*"'+)%+,).$./+01"$4"7%P&-.4"8*-"&-4"Q4-%(4".%"%7'4("Q;7"8*9
').)4-4"[8"%&E(*8(.5$5#'(\9"$4"'%(8%(4"8*-"&-"&7*"%A48%(64.*"
e:"=*("%-.%".)7'4-8)4.*e".%"$4"48'&48)R-"'(4.)8)*-4$"[8"%&I
E(*/d$58(\>"#-"$4"8&4('42"7%"*6(4".%"Q4-%(4"847)"Q&7)84$2"6&79
84-.*"=(*.&8)(".)7*-4-8)4"[8"%&E(*$5)('#'.%\>"#-"$4"_&)-'42"
7%"*=%(4"=*("(%')(*":".%E%8'*"[8"%&E(*#H5'(&#$(\>"b4"7%A'4"=49
(%8%(Y4"*=&%7'4"4"$4"_&)-'4"=*(_&%"4$$Y"7%"=(*8&(4"_&%"$4"=%8&9
$)4().4.".%"$4"=(%7%-8)4"647'%"=*("7Y"Q)7Q4"[8"%&E(*)5'@"/#&\>"
#-"$4"7,=')Q42"7%"(%=)'%"E(%-'%"4$"%7=%8'4.*("488)*-%7"_&%",7'%"
8*-*8%".%"Q%Q*()4"&'(%)*+#2+3)%'+/!$'./+04"#-"84.4"%A=(%9
7)R-2"7%"&74"$4"=4$46(4"i8&%(=*j"=4(4")-7)7')("7*6(%"$4"Q4'%()4$)9
.4.".%$"48*-'%8)Q)%-'*"e:"-*"*$V).4(7%".%"$4"=%(*P(&$$4.4"7)9
P&)%-'%F"%$"'(464`*".%$"48'*("%7"8*(=*(4$e<"d%"5&6)%(4"=*.).*"
(%8&(()("'4Q6),-"4"$4"=4$46(4"i=(%7%-8)4j"e84.4"Q*.4$).4."
13#!2,"&!("-(!#*("#1.#)K4)("2#"+*(=(C(*"("$("eE&(R"'$5;#85A'*
,*$%/5;#H5%'.(*$%*/#*E&%)%'85#fe@1":".%8)(F"E&%)%'85#*8(&%(I

@1
"s4-79D5)%7"b%5Q4--2"(E>*85.>9"=<"@NN<

+/*.%#.&(*=(, 1M U%4-9C(,.,()8"35%V4$$)%(
 !"#$%&'()*$%*+')#,(*-%#.&#/

,).$./.2"E&%)%'85#*8(.5$5#'#2"E&%)%'85#"/d$58#2"E&%)%'85#"$5I
)('#'.%2"E&%)%'85#"#H5'(&#$#2"E&%)%'85#*)5'@"/#&":"E&%)%'85#*
2+3)%'+/!$'./.4#3&4$_&)%(4"_&%"7%4"$4"E*(Q&$48)R-"%78*P).42"
8*-V)%-%"%-E*84("84.4"&-4".%"%7'47"Q*.4$).4.%7"8*Q*"&-4"
7)Q=$%" '%-.%-8)42" 8*Q*" &-" 4=&-'4(" 548)4F" %-" %7'%" Q*-'4`%2"
*"%-"%7'4"7%8&%-8)4".%"%7'%"Q*-'4`%2"%$"'(464`*"48'*(4$"')%-.%"
548)4m"'4$"*"8&4$"Q*.4$).4.<"p"7*-"7)Q=$%7"4=&-'%7"=*("*'(4"
(4/R-F"!"#$"%2"%7'47"Q*.4$).4.%7"8*-8)%(-%-"4$"%7=%8'4.*("e
%A48'4Q%-'%F"4'4]%-"%$"%E%8'*"7%-7)')V*"_&%"7%"6&784"=(*.&8)("
7*6(%"%$"%7=%8'4.*(<
d%" 546$4" .%" &-" '(%)*+# '+)%+,)-$'+" *" .%" &-4" E&%)%'85#*
'+)%+,).$./."8&4-.*"%$"'(464`*".%$"48'*("e*"6)%-2"%V).%-9
'%Q%-'%".%"&-"64)$4(Y-2"_&%"=4(4"%$"847*"%7"$*"Q)7Q*e"8*-9
7)7'%" %-" %`%8&'4(" &-" Q4(84`%" 8*(=*(4$" =(%8)7*" G%7" .%8)(" &-4"
=4(')'&(4".%"Q*V)Q)%-'*7I2"8*-"$4"7)Q=$%"Q%'4".%"8*Q=4(')("
7&" =(%7%-8)4<" #$" =(*=R7)'*" 4_&Y" %7" =(*.&8)(" &-4" 7&%('%" .%"
V48Y*"48*P%.*(<"T*("7&=&%7'*2"%747"'(%7"84(48'%(Y7')847"%7';-"
V)-8&$4.47F" %$" Q4(84`%" %7';" 5%85*" =4(4" .4(" 8*-'&-.%-8)4"
4"&-4"=(%7%-8)4"_&%2"=*("5)=R'%7)72"-&-84"$$%P4(;"4"7%("%A9
54&7')V42" _&%" _&%.4(;" 7)%Q=(%2" .%" &-4" Q4-%(4" *" .%" *'(42"
45&%84.4<"#$"5%85*".%"_&%"%$"48'*("-*"54P4"4=4(%-'%Q%-'%"
-4.4"Q;7"_&%"%`%8&'4("8*-".%.)848)R-"7&"=4(')'&(4".4"$4")Q9
=(%7)R-".%"_&%"%7';"'*'4$Q%-'%"V48Y*2"8*Q*"7)"'*.*"5&6)%(4"
7).*"_&)'4.*":"-4.4"Q;7"_&%.4(4"%$"=(%7%-'%<"#7'4Q*7"8%(84"
.%"$*"_&%"%$"48'*("p*75)"g).4"4=&-'464"%-"8&4-'*"4"7&"'(49
64`*F" iD*.4" $4" 8*-8%-'(48)R-" '%-Y4" _&%" %7'4(" .)()P).4" 4" $*"
_&%"548Y4"8*-"%$"8&%(=*2":"=*("$*"'4-'*"-*"=*.Y4"=%-74("%-"
€48'&4(z" .%" -)-P&-4" Q4-%(4j<@@"D(464`4(" 7*6(%" &-4" 7%()%" .%"
Q*V)Q)%-'*7" 467*$&'4Q%-'%" =(%8)7*7" :" =(%%7'46$%8).*7" 548%"
_&%" %$" 48'*(" %7'," =*(" 8*Q=$%'*" %-" $*" _&%" 548%F" -4.4" Q;7"
8&%-'4"%$"=(%7%-'%"e:"%7"$*"_&%".4"E&%(/4"4"7&"=(%7%-8)4e<"

"p*75)"g).42"g'*#8.(&*#*/#*$%&54#2"#$"+)$4P(*2"+,A)8*2"@>>N2"=<"N><
@@

@>
^$"(%')(4("'*.*"$*"_&%"-*"%7"%$"=(%7%-'%2"4=4(%8%"%$"V48Y*F"&-"
V48Y*"_&%"7%"=&%.%"8*Q=4(4("4"&-"7)ER-"%-"%$"_&%"%7';"4'(4Y.*"
%$"%7=%8'4.*(2"&-"(%')(*"=&%72"_&%"=%(Q)'%"4$"Q)7Q*"%-'(4(<"b4"
48'()/" T4*$4"D*((%7" (%8&%(.42" 48%(84" .%" 7&" .%7%Q=%]*" %-" %$"
Q*-'4`%".%"6]T"5'#Ib#H/%."4(()64"(%E%().*F

#7'4("45Y2"7)-"=%-74Q)%-'*7"_&%"Q%.)%-"%-'(%"$4"488)R-"=&(42"8*-9
8(%'4":"Q)"84=48).4.".%"%`%8&'4($42"%7"=4(4"QY"$*"Q;7"8%(84-*"4"
V)V)("%$"=(%7%-'%2"&-"=(%7%-'%".*-.%"-*"%A)7'%"847)"-4.42"%-".*-.%"
-*"=(%'%-.*"-)"%7=%(*"-4.42":"`&7'*"%-"%74"%7=%8)%".%"5&%8*"%7"
.*-.%" 7&(P%" %$" %-8&%-'(*" 8*-" $4" Q)(4.4" .%$" *'(*" _&%" Q%" 548%"
7%-')("_&%"=&%.*2"=*("&-*7")-7'4-'%72"(%8*-*8%(Q%":"(%8*-*8%($*"
=$%-4Q%-'%<@N"

#-"6#)"&8#*D(@(".%"T)-4"c4&7852"$*7"64)$4()-%7"7*$Y4-"=4(9
')8)=4(" .%" %7'4" Q*.4$).4.<@?" l*" 7)%Q=(%2" =*(_&%" .%" (%=%-'%"
$*7"8&%(=*7"=%(.Y4-"7&"'%-7)R-f":4"-*"7%"7*7'%-Y4-"8*-"%$"Q)79
Q*" ()P*(<" T*(" %`%Q=$*2" &-4" 64)$4()-4" 4P4((464" &-" Q)8(RE*-*"
:" %Q=%/464" 4" 546$4(" .%" Q4-%(4" Q&:" 7%-8)$$4<" d&" =(%7%-8)4"
4=4(%8Y4"%-'*-8%7"=*8*")-'%-74":"Q;7".)E&Q)-4.4"e=%(*"%-"
-)-Ph-" Q*Q%-'*" %(4" Q%-*7" )-'%(%74-'%" Q)(4(" 548)4" %$$4e<"
^_&Y" 7%" =&%.%" 546$4(" .%" &-" 8"%&E(* 8(.5$5#'(2" .%" &-4" =(%9
7%-8)4" V&%$'4" E&%)%'85#* 8(.5$5#'#<" #$" *=%(4.*(" %78,-)8*2" 4$"
.%.)84(7%"4"$4"(%4$)/48)R-".%"&-"48'*"8*').)4-*2"%A5)6%"7&"=(%9
7%-8)4".%"Q*.*"$)P%(*<"d)-"%Q64(P*2"-*"=(%'%-.%"8(%4("&-4"
)Q=(%7)R-".%"(%4$)7Q*<"#7'47"488)*-%7"-*"7*-"i48'&4.47j<"#-"
:*G&%#L5'@*V(J'*#'$*#*6"/.5E/58#.5('*(R*-5))"%2"Q)%-'(47"&-4"
Q&`%("64)$4642"&-"Q)%Q6(*".%$"%_&)=*"',8-)8*".%$"'%4'(*"%-9

@N
" T4*$4" D*((%72" i3(R-)84" .%" 8&4'(*" Q*-'4`%7" %-" '(%7" ')%Q=*7j"
G)-E*(Q%" 484.,Q)8*2" $)8%-8)4'&(4" %-" b)'%(4'&(4" B(4Q;')84" :"D%4'(*I2"
%')*1,+,A)8*2"@>112"=<"@><
@?
" 6#)"&8#* D(@(2" .)(<" T)-4" c4&7852" =(*.<"D4-/'5%4'%("{&==%('4$2"
^$%Q4-)42"1MML<

+/*.%#.&(*=(, @1 U%4-9C(,.,()8"35%V4$$)%(
 !"#$%&'()*$%*+')#,(*-%#.&#/

'(464"4"'(4=%4(":"7%84("%$"%78%-4()*<@H"g"6)%-2"7%"7*$)8)'4"4"=%(9
7*-47"8*Q=$%'4Q%-'%"4`%-47"4"$4"=(*E%7)R-"=4(4"(%4$)/4("%7'47"
488)*-%7F"%-"'(%7"Q*-'4`%7".%"347'%$$&88)2")-'%(V)%-%-"-)]*7<@J"
#")Q=*('4"7%]4$4("_&%2"=%7%"4"'(4'4(7%".%"488)*-%7"8*').)4-472"
%$$*"-*"_&)%(%".%8)("_&%"7%4-"488)*-%7")Q=(*V)74.47"*"=*8*"
%-74:4.47F" .)8547" 488)*-%7" =474-" =*(" &-" =(*8%7*" =(%V)*" .%"
7%$%88)R-2"*(.%-4Q)%-'*":"(%P&$48)R-"'%Q=*(4$<"
d)2"%-"$4"=()Q%(4"Q*.4$).4."G%$"'(%)*+#'+)%+,)-$'+01"4$P*"
7%" 46(Y4" =*(" $4" )-Q%(7)R-" .%$" 48'*(" %-" %$" =(%7%-'%" :" =*(" %$"
()P*(" %-" $4" %`%8&8)R-" .%" 7&7" Q*V)Q)%-'*72" %-" %7'4" 7%P&-.4""
G%$"8"%&E(*8(.5$5#'(\9"4$P*"7%"46(%".%6).*"4"&-4".)7=%(7)R-<"d)"
4Q6*72"%$"'(%)*+#'+)%+,)-$'+"8*Q*"%$"8"%&E(*8(.5$5#'("=4(9
')8)=4-".%"&-4"i-*"48'&48)R-j":"')%-.%-"4"P%-%(4("&-"%7=48)*"
.%"(%')(*"_&%"E4V*(%/84"$4"=&%7'4"%-"Q*V)Q)%-'*"G)-'%(-*I".%$"
%7=%8'4.*(2" 54:" &-4" .)E%(%-8)4" 7&7'4-8)4$" %-'(%" $47" .*7" Q*9
.4$).4.%7F")-V*$&8(4-2".%"=4('%".%$"%78%-4()*2"8&4$).4.%7".%"
Q*V)Q)%-'*" G%A'%(-*I" :" 8&4$).4.%7" .%" %-%(PY4" .)E%(%-'%7<" b4"
=(%8)7)R-":"$4"8*-8%-'(48)R-"(%_&%().47"%-"%$"=()Q%("847*"7*-"
1&.#*:&(1"#!"#$"1#5&!2,?@K"

@H
" :* G&%#L5'@* V(J'* #'$* #* 6"/.5E/58#.5('* (R* -5))"%2" .)(7<" U%4-9
C(,.,()8"35%V4$$)%(":"+4''5)%&"+,V%$2"=(*.<"D%4'(*" %')*2"C*-842"3*9
-48&$'42""T(*:%8'*"N2"+,A)8*2"@>>M<
@J
" !&%)85.#* h??" G@>>HI2" ?'R%&'(" G@>>LI" :" O"/* 8('8%..(* $5* 4(/.(* '%/*
R5@/5(*$5*V5("G@>11I2".)(<"[*Q%*"347'%$$&88)2"=(*.<"d*8•%'47"[4EE4%$$*"
d4-/)*2"C%7')V4$".%"^V)P-*-2"Z'4$)42"C(4-8)4<
@K
" ^=4(%8%" 4_&Y" *'(4" .)E%(%-8)4" %-'(%" $4" $46*(" .%$" 48'*(" :" $4" .%$"
%7=%8'4.*(<"b*7"Q*V)Q)%-'*7".%$"=()Q%(*"7*-"4-'%"'*.*"EY7)8*7"*"%A9
'%(-*72"Q)%-'(47"_&%"$*7".%$"7%P&-.*"7*-"=()*()'4()4Q%-'%"%7=)()'&4$%7"
%")-'%(-*7<"a)$$%7"B%$%&/%"546$42"=*("%`%Q=$*2".%$"iQ*V)Q)%-'*".%"$4"
D5)5)":"‚.%$ƒ".%"$4"0),8=%j"GV,47%"a)$$%7"B%$%&/%2"V5RR<&%'8%*%.*&<E<.5I
.5('9"+)-&)'2"T4(Y72"1MJL2"=<"1LI<"b4"=%(')-%-8)4".%$"=()Q%(*".%=%-.%"
.%"$4"(%4$).4.".%$"7%P&-.*<"b*"_&%".4"V4$).%/"4"&-"Q*V)Q)%-'*"%A'%(9
-*"%-"%$"%78%-4()*"%7"7&"84=48).4."=4(4".%7=%('4("Q*V)Q)%-'*7")-'%(9

@@
 ^$")-)8)*".%"g'*.&#'4C#*//#H#$(*:H<&58#".%"C(4-X"347'*(E2"
&-" 48'*(" '*84" $4" P&)'4((4" Q)%-'(47" *'(*" )-'%-'4" Q*$%(" 5&%V*7"
8*-"$%85%"%-"&-4"$)8&4.*(4<@L"#$"=(*=R7)'*"%7"847)".%Q47)4.*"
*6V)*F"7%"6&784"(%$4`4("4$"=h6$)8*<"T%(*"Q)%-'(47"'(4-78&((%"$4"
*6(42"=*8*"4"=*8*"$*7")-',(=(%'%7"464-.*-4-"%7'4"Q*.4$).4."
8*').)4-4" =4(4" 4.*='4(" *'(4" .*-.%" 7&" i48'&48)R-j" 7%" V&%$V%"
%A48%(64.4":"7%"48%(84"4"$*"E;(7)8*"e*"4"$4"!(HH%$5#*$%//Q*
#&.%e<"^"$4"5*(4".%"Q4$'(4'4("e*"6)%-"47%7)-4(e"4"&-4"Q&`%(2"
7%".%.)84-"4"6()-84("`&-'*7"%-8)Q4".%"&-4"84Q4":"%7*".%7.%"
231+3!+,1" /!5&$,10" 13-&$(!2," $(" 3*(0" $(" (14;3(" ," $(" 2#=3$32(2"
BK13)(?" @1" )&#1+3<!" 2#" 237#*+3*1#" ),!" #$" )<235," +#(+*($>" 45&*(*"
$4"Q&%('%2"%$".%7%*"7%A&4$2"%$".%7%*".%"Q4'4(2"%'8<2".%"Q4-%(4"
%A4P%(4.42" 6&(.4" :" =*(" %-.%" '*(=%<" b*7" 48'*(%7" 7&6(4:4-" $4"
.)Q%-7)R-"$h.)84"G)((%4$F"5'I/"$")\".%"7&"48'&48)R-"E4$74<"d&7"
8&%(=*7"7%"54-"V&%$'*"8"%&E()*/d$58()<
b*7"4-;$)7)7".%"a)$$%7"B%$%&/%"%-"8&4-'*"4"$47"i=*'%-8)47"
.%"$*"E4$7*j@M"%-"$47"=%$Y8&$47".%"U%4-9b&8"a*.4(.":2"%-"=4(9
')8&$4(2"%-"%$"'(464`*"_&%"$*7"48'*(%7"4$$Y".%7%Q=%]4-"%7"h')$"
=4(4"%-'%-.%("%-"_&,"Q%.).4"$4"E4$7%.4."8*-V*84.4"%7"P%-%9
(4.*(4".%"=*7)')V).4.<"^$"V%("%$".%7846%$$4.*"4'4_&%"4$"64-8*"
%-"N(HF&%2*!#&H%'9"-4.)%"7%"$4Q%-'4"=*("$4"E4$'4".%"(%4$)79
Q*".%"$47"488)*-%7"G&-4"%Q=$%4.4"$)Q=)4".%.)84.4Q%-'%"$47"
Q4-8547".%"74-P(%"Q)%-'(47"')%-%"$&P4("%$"E(%-,')8*"')(*'%*I2"
=*("7&"4&7%-8)4".%"7%()%.4."G$*7"=*$)8Y47".4-"74$'*7":"6()-8*7"
.%"&-"7*E;"4"*'(*"4"Q;7"-*"=*.%(I"*"=*("7&"467*$&'4")-8*-9

-*7"%-"$4"74$4<"g'(4"Q4-%(4".%".%8)("$*"_&%".%8Y4Q*7"4-'%()*(Q%-'%F"
$4"48')V).4.".%$"48'*("8*-7)7'%2"=&%72"%-"4'%-.%("4"$*7"%7=%8'4.*(%79
)-V)'4.*7<"
@L
" +'$).#.5('*:H%&5L#2" .)(<" C(4-X" 347'*(E2" =(*.<"k*$X76•5-%2"^$%9
Q4-)42"@>>1<
@M
"k,47%"a)$$%7"B%$%&/%2"!5'<H#*`>*BQ5H#@%I.%HE)2"+)-&)'2"T4(Y72"
1MLH2"==<"1JH9@>@<

+/*.%#.&(*=(, @N U%4-9C(,.,()8"35%V4$$)%(
 !"#$%&'()*$%*+')#,(*-%#.&#/

P(&%-8)4" G.4.*" _&%2" .%" &-" $4.*" 7%" 48464(*-" $*7" 84('&85*72"
:".%"*'(*"%$"E&7)$"7%"6$*_&%R2"&-*".%"$*7"=*$)8Y47"'%(Q)-4"=*("
6%74("8*Q*"P$*'R-"4"$4"Q;7"P&4=4".%"$*7"4'484-'%7I<N>"#A'(49
]4Q%-'%" $4" E4$7%.4." .%" $4" 7%8&%-8)4" 7%" V&%$V%" )-P%-&).4.2"
)-*8%-8)4":2".%"4$P&-4"Q4-%(42"P%-%(*7).4.F"'*.*"%7*"7%"548%"
=*("-4.4<"#-"&-"%78%-4()*2"$*7"%E%8'*7"7*-"7)Q)$4(%7"8*-"&-4"
7*$4".)E%(%-8)4F"%7"Q;7"=4$=46$%"%$"P*8%".%"$*7"48'*(%7"4"'(49
64`4(" %-" %7'4" H($#/5$#$* /d$58#<" c47'4" 8*-" V%(" 4$" %$%-8*" .%"
347'*(E2" :4" 7%4" %-" %$" Q*-'4`%" 4-'%7" Q%-8)*-4.*" *" %-"N(&.%"
8&4-.*".%7'(&:%"4$%P(%Q%-'%"P(4-"=4('%".%"$4"%78%-*P(4EY42N1"
=4(4"8*-V%-8%(7%".%"%$$*F"%$"=$48%("%-"%$"%78%-4()*"8*-'4P)4"
4$"=h6$)8*"%-"$4"74$4<
^"V%8%72"$4"%A48%(648)R-"-*"8*Q=*('4"%7'%"84(;8'%(".%"E4$9
7%.4."*6V)42"-)"%7"'4-"%A'(*V%(').4<"^$"8*-'(4()*2"%$"'(464`*".%$"
48'*("%7"Q;7")-'%(-*2"Q;7"8*-'%-).*":"$*7"%E%8'*7".%"%$$*"-*"
7*-")-Q%.)4'4Q%-'%"(%8*-*8)6$%7<"#-"%7'*7"847*72"%$"=(*=R7)'*"
84Q6)4"=*("8*Q=$%'*<"B%"$*"_&%"7%"'(4'4"%-'*-8%72"%7".%"=(*9
V*84("&-4"7%-748)R-".)7*-4-'%"%-"%$"%7=%8'4.*(2"'4$"8*Q*"%$"
%7'(%Q%8)Q)%-'*"_&%"-*"E4$$4"%-"P%-%(4(7%"8*-"$4"8*-`&-8)R-"
.%"&-"48'*("484()8)4-.*"')%(-4Q%-'%"&-"'(*/*".%"84(-%"%-"%$"
=(*78%-)*":"&-47"48'()8%7"4$"*'(*"$4.*".%$"%78%-4()*"=%P4-.*"
.($(1"),!+*("*3#$#1"2#"4#**,?"@!"#1+#"-,-#!+,"2#"&!"6#8F%.="
.)()P).*" =*(" d%(P%" l*:%$2" %$" '(464`*" .%" $*7" *=%(4.*(%7" %78,9
-)8*7"-*"=4(')8)=4":4".%$"8"%&E(*/d$58("7)-*".%$*8"%&E("$5)(I
'#'.%<N@
9(" 2#4!3)3<!" !3#+I1)'#(!(" 2#" $(" 231,!(!)3(" 6" 2#$" 5,)#"
_&%"=(*=*(8)*-4"%$$4"%-"$4"Qh7)84"7)(V%"=4(4"%-'%-.%("8RQ*"

N>
"0&<'(H2*!#&H%'2".)(<"U%4-9b&8"a*.4(.2"=(*.<"^-'%--%"@2"C(4-9
8)42"1MLN<
N1
"N(&$%'9".)(<"C(4-X"347'*(E2"=(*.<"k*$X76•5-%2"^$%Q4-)42"@>>K<
N@
"6#8F%.=2".)(<"d%(P%"l*:%$2"=(*.<"D5,w'(%".%"354')$$*-2"C(4-8)42"
1MMN<

@?
E&-8)*-4" %$" .)7=*7)')V*<NN" b4" .)7*-4-8)4" 7&%-4" 8&4-.*" 4" &-"
%$%Q%-'*".%"%7'46)$).4."7%"$%"4.`&-'4"&-"%$%Q%-'*".%")-%7'49
6)$).4.2"8&4-.*"4"&-4"'%-.%-8)4"4$"*(.%-":"4"$4"8*-'%-8)R-"G$*"
_&%"l)%'/785%"$$4Q4(4"$*"i4=*$Y-%*jF"$47"8*-')-&47":"')%(-47"
84()8)47I2"7%"Q%/8$4"&-4"'%-.%-8)4"4$".%7*(.%-":"4$".%76*(.49
Q)%-'*"G$*"i.)*-)7)48*jF"$*7")((%P&$4(%7":"E(%-,')8*7"P*$=%7".%"
=4$*7"7*6(%"$*7"()%$%7I<"#-"',(Q)-*7".%"7%-748)R-2"7%".%7'(&:%"
$4"%7'46)$).4.".%"$4"=%(8%=8)R-<"d)"%$"=(*=R7)'*".%"$47"'(%7"=()9
Q%(47"Q*.4$).4.%7"&'(%)*+#'+)%+,)-$'+1#'+5!/!."+#:*/d$58(\"
8*-7)7'Y4"%-"=(*8&(4("=(*.&8)("8*-Q*8)*-%72"%$"=(*=R7)'*".%"
%7'4"8&4('4"')%-%"Q;7"_&%"V%("8*-"%$"%7'(%Q%8)Q)%-'*<N?"b4".)9
7*-4-8)4"7%"%A=%()Q%-'4"8*Q*"&-".%7P4((R-2"&-"V,(')P*"*"&-"
=;-)8*"V*$&='&*7*f"Q4(%42"4'&(.%"*"6)%-"%Q6()4P4<
#$"%`%Q=$*".4.*"=4(4")$&7'(4("%7'4"Q*.4$).4."=&%.%"$$%V4("
4" =%-74(" _&%" 7%" 4$84-/4" %$" %E%8'*" 4P%-8)4-.*" .%" &-4" 8)%('4"
Q4-%(4"%$"%78%-4()*":"_&%"-*"8*-8)%(-%"%-'*-8%7"%-"%7=%8Y9
4)," ($" +*(=(C," ()+,*($?" @1" #$" ),!C&!+," 2#" 2,1" ())3,!#10"$("2#"
484()8)4(":"$4".%"=%P4(2"$*"_&%"=(*.&`*"$4".)7*-4-8)4<"T%(*"%-"
(%4$).4.2"%$"8&%(=*".%$"48'*("=&%.%"V*$V%(7%"$4"64-.%`4"7*6(%"
$4"8&4$"7%"%A=*-%"$4".)7*-4-8)4<"y&)/;7"%7'4".)-;Q)84"'%-P4"
_&%"V%("e4&-_&%".%"E*(Q4"Q%-*7"=(%'%-8)*74e"8*-"$4"_&%"

NN
"k,47%"U%4-9C(,.,()8"35%V4$$)%(2"iD(%7"%-'(4.47"%-"$*"'(;P)8*"8*-9
'%Q=*(;-%*":"&-"=*8*"Q;7mj2"+$"8#85A'*+).<.58#9*-hQ<"N2"c*P*';2"
\-)V%(7).4."l48)*-4$".%"3*$*Q6)42"@>>K2"==<"@HN9N>M<
N?
"b4"8*-Q*8)R-".%7=)%('4"&-"7%-')Q)%-'*"_&%"7%"=&%.%"(%8*-*8%("
:"-*Q6(4(<"^$"8*-'(4()*2"%$"%7'(%Q%8%("%7"&-"=(*8%7*"_&%")Q=$)84"$4"
)Q=*7)6)$).4.".%"&6)84("&-"=*(_&,<"d%"'(4'4".%"7%-')Q)%-'*7"_&%"7&(9
P%-"4"$4"=4("_&%"7&(P%-"*'(*72"7)-"_&%"7%"$*P(%"%A=$)84("%7*7"Qh$')=$%7"
7&(P)Q)%-'*7<"d%".%')%-%"$4"=*7)6)$).4.".%"84(48'%()/4($*7<"k,47%"U%4-9
C(,.,()8" 35%V4$$)%(" :" |-P%$%7" c4')7'42" iZ-V%7')P48)R-" %-" T(*:%8'*" NF"
=(*V*84("$*7"7%-').*72".4("7%-').*j2"%-"!(/(T"5(*5'.%&'#85('#/*)(F&%*%/*
@%).(*.%#.&#/*8('.%HE(&]'%(2" %')*&#78%-*$*PY4WT(*:%8'*"N2"+,A)8*2"
@>>?2"==<"KM9M><

+/*.%#.&(*=(, @H U%4-9C(,.,()8"35%V4$$)%(
 !"#$%&'()*$%*+')#,(*-%#.&#/

7%"(%_&%(Y4"*'(*(4"=4(4"$$%V4("4"846*"=#EE%'5'@)<NH"B%"&-4"&"
*'(4"Q4-%(42"%$"48'*("7%"%-8&%-'(4"%-"&-4"7)'&48)R-"%A'(%Q4<"
[%P(%7%Q*7".%"-&%V*"4$"'%7')Q*-)*".%"T4*$4"D*((%7F

B&(4-'%" $*7" %-74:*72" 8&4-.*" 546Y4" _&%" '(464`4(" %78%-47" %-" %74"
Q*.4$).4.2"48*7'&Q6(464"$$%P4("Q;7"'%Q=(4-*":"84$%-'4("$*"Q;7"
E&%('%"_&%"Q%"E&%(4"=*7)6$%"=*(_&%"%$"%7E&%(/*"EY7)8*":"%Q*8)*-4$"
(%_&%().*7"%(4"%$%V4.*<"#7"$4"Q*.4$).4."_&%"Q;7"Q%"8*Q=(*Q%'%<"
#7"'4Q6),-"$4"Q;7"8*Q=$)84.4F"Q%"%A)`*"Q;72").%4$)/*"Q;7":"=*("
$*"Q)7Q*"E(4847*"Q;7<"B%"=(*-'*"'*.*"7%"V&%$V%".%7%*".%"$*P(4(2"
.%".%Q*7'(4(<NJ"

s4:"&-"E(;P)$"64$4-8%"%-'(%"$4"(4.)84$).4.".%"$4"7)'&48)R-"
%-" $4" 8&4$" 7%" %-8&%-'(4" %$" 48'*(" :" $4" 5&Q)$.4." 8*-" $4" 8&4$"
'(4'4".%"%-E*84("%$"546%("$*P(4.*"%7'4"(4.)84$).4.<"#$".%7P47'%"
%Q*8)*-4$":"EY7)8*"=&%.%"7%("'4$"_&%"%$"48'*("7%"8)%((4"7*6(%"
7Y"Q)7Q*F"$*"P*/4"*"$*"7&E(%"7*$)'4()4Q%-'%<"T4(4"%V)'4("%7*2"%$"
48'*("-%8%7)'4"=%(Q4-%8%("E(;P)$"e=%7%2"`&7'4Q%-'%2"4"_&%"7%"
'(4'%".%"&-"%`%(8)8)*".%"E&%(/4e<"ZQ=*('4"_&%"7%4".,6)$"%-"%7'%"
7%-').*2"=4(4".%`4(7%"4'(4V%74("=*("E&%(/47"7)-"8*-'%-%("-)".%9
'%-%($47<"p"%7"=(*646$%Q%-'%"%7'4"8*Q6)-48)R-".%"$47"E&%(/47"
%-"`&%P*":".%"$4"E(4P)$).4.".%$"8&%(=*"_&%"$47"%A=*-%2"$*"_&%"
548%"_&%"%7'%"8&%(=*"7%"V&%$V4".)7*-4-'%<
#7'47" 8&4'(*" =()Q%(47" Q*.4$).4.%7" &'(%)*+# '+)%+,)-$'+2"
8(.5$5#'(2" /d$58(" :" $5)('#'.%\" ')%-%-" &-" =&-'*" %-" 8*Qh-F"
,.#*(!".,*"*#+3*,0"6("1#("#$"*#+3*,"2#"$("45&*()3<!0"2#"$("4)9
8)R-2" .%" &-4" %Q*8)R-" *" .%" &-4" ).%4<" #-" %7'%" 7%-').*" '(4649
`4-"E&%(4".%"$4"(%=(%7%-'48)R-2"Q;7"6)%-2"84.4"&-4"8*-7')'&:%"
8*Q*"&-4"%7=%8)%".%"%7'(4'%P)4"=4(4"(%7'4("$4"i(%j"4"$4"=4$46(4"

NH
"k,47%"b4&(%-8%"c%('(4-.9B*($,482"BQ(&$&%*)#"4#@%2*P5(/%'8%9*$<I
E%')%*%.*)#8&<*$#')*/Q#&.*$%)*#''<%)*_ijkI_ilk9"a4$$)Q4(.2"T4(Y72"@>>?<
NJ
"T4*$4"D*((%72"(E>*85.>9"=<"@K<

@J
i(%=(%7%-'48)R-j" e:" 47Y" %7'4(" %-" $4" =&(4" =(%7%-'48)R-e<" #7"
%7'4"*=%(48)R-2"4"=()Q%(4"V)7'4"7&7'(48')V42"$4"_&%"=*7)6)$)'4"%$"
7&(P)Q)%-'*".%"&-4".)V%(7).4.".%"7%-748)*-%7"(%4$%7<"b4"$RP)9
84"4_&Y"%7"Q&:"7)Q=$%F"7)"&-*"G=*-P4Q*7"%$"48'*(I".%`4".%")Q9
=*-%("G=*-P4Q*7"7&7"488)*-%7"%-"'4-'*"_&%"(%=(%7%-'48)*-%7"
.%"4$P*I"4"*'(*"G=*-P4Q*7"%$"%7=%8'4.*(I2"%$"7%P&-.*"V&%$V%"4"
'%-%("%-'*-8%7"$4"=*7)6)$).4.".%"(%7=*-.%("4$"%7'YQ&$*"%7',')8*"
.%" Qh$')=$%7" Q4-%(47<" 3*Q*" $*" %78()6%" a)$$%7" B%$%&/%2" i7%"
'(4'4".%"464-.*-4("$*7"%$%Q%-'*7"%7'46$%7".%"$4"(%=(%7%-'48)R-"
'%4'(4$"=4(4"_&%"7&(`4-"*'(*7"Q4'%()4$%72"*'(47"Q4-%(472"*'(47"
=*7)6)$).4.%7<"d%"'(4'4".%"=*7)6)$)'4("*'(*7"7&(P)Q)%-'*7j<NK"b*"
_&%"7%"_&)'4"4$"(%')(4("%$"i(%j".%$"V%(6*"(%=(%7%-'4(2"%7"$4")Q=*9
7)8)R-".%"&-4"7*$4"Q4-%(4".%"Q)(4("548)4"%$"%78%-4()*<"d)"&-"
48'*(2"4$"$%V4-'4("%$"6(4/*2"_&)%(%".4("4"%-'%-.%("_&%",$"%7"%$"
84=)';-".%"&-"(%P)Q)%-'*"'&(8*2"7&"P%7'*"V4$%"=*("%$"P(4.*"Q)9
$)'4(F"%$"=()Q%(*"%7")-'%(84Q6)46$%"8*-"%$"7%P&-.*<"[%=(*.&8)("
%7'%"Q%84-)7Q*".%"7&7')'&8)R-"G%$"6(4/*"4(()64"=*("$4"84$).4."
.%"84=)';-"'&(8*I")Q=).%"_&%"$*7"%7=%8'4.*(%7"54P4-"*'(4"8*74"
8*-"%7'%"P%7'*"_&%"$%%($*"'4$":"8*Q*"%7';"=(*=&%7'*<"#-"84Q9
6)*2"4$"'(464`4("E&%(4".%"%7'%"Q%84-)7Q*2"%$"%78%-4()*"46(%"$4"
=*7)6)$).4."e*"$47"Qh$')=$%7"=*7)6)$).4.%7e".%"7%-')(<"#-"O=5E*
5'*#*P5%J2"=*("%`%Q=$*2"&-4"8*(%*P(4EY4".%$"`4=*-,7"s)(*75)"
x*)X%2"8&4-.*"&-4"64)$4()-4"7%"=4(4"7*6(%"&-4"7)$$4":"%7')(4"%$"
6(4/*2"84.4"=%(7*-4"%-"%$"=h6$)8*"=&%.%"4=(%8)4("7&"488)R-"
.%"Q4-%(4".)E%(%-'%F"&-*"7%"8*-Q*V%(;"=*("$4"'%(-&(4"8*-"$4"
8&4$"%7'%"Q*V)Q)%-'*"54"7).*"%E%8'&4.*2"Q)%-'(47"*'(*"7%"=(%9
*8&=4(;"=*("$4"$%-')'&."8*-"$4"8&4$"%$"6(4/*"54"7).*"$%V4-'4.*2"
%'8<NL"^$"#H5'(&#&"$4"(%9=(%7%-'48)R-2"7%"V&%$V%"4"=*7)6)$)'4("$*"
_&%"%$"464')Q)%-'*"7*6(%"%$"%`%"h-)8*".%$")-'%(84Q6)*"546Y4"

NK
"a)$$%7"B%$%&/%2"i\-"Q4-)E%7'%".%"Q*)-7j2"(E>*85.>9"==<"M@9M?<
NL
"O=5E*5'*#*P5%J2".)(<"s)(*75)"x*)X%2"=(*.<"T4==4"D4(45&Q4(42"U49
=R-2"@>>@<

+/*.%#.&(*=(, @K U%4-9C(,.,()8"35%V4$$)%(
 !"#$%&'()*$%*+')#,(*-%#.&#/

3-.,13=3$3+(2,>" .#*-3+#" %&#" 1#!1()3,!#1" 13!5&$(*#1" (:,*#!""

e%-"%$"48'*(2"=*("8)%('*2":"4h-"Q;7"%-"%$"%7=%8'4.*(<"
:H5'(&#&2" .)8%" B%$%&/%2" %7" =474(" .%" $4" 8&%7')R-"
.%$" T*.%(" e_&%" &-*" %`%(8%" 7*6(%" :" 8*-'(4" *'(*e" 4" $4"
8&%7')R-" .%" $47" =*'%-8)4$).4.%7F" %$" =*.%(" .%" 548%(" *" %$" =*9
.%(" 8(%4')V*" .%" 84.4" &-*<" #-'*-8%72" *=%(4(" $4" 4Q)-*(48)R-"
)Q=$)84"4=*7'4("4"_&%"&-"(%')(*"%-"%$"%78%-4()*"e&-"H%'()"
=&%7e" =*7)6)$)'%" &-" E/")" %-" $4" 74$4<" #-" %7'%" 7%-').*2" -*" )Q9
=*('4"'4-'*"8&;-'*"7%"(%')(4"%$"48'*(2"7)-*"8&;-'*"7%"=(*.&8%"
%-"%$"%7=%8'4.*(2"*"6)%-F"8&;-'*"%$"%7=%8'4.*("=(*.&8%<"p"7)"
$47"Q*.4$).4.%7".%$"'(%)*+#'+)%+,)-$'+2"8(.5$5#'(2"/d$58(":"
$5)('#'.%" =4(')8)=4-" .%" %7'4" ).%4" .%" 548%(" &-" =*8*" Q%-*7"
=4(4"_&%"%$"*'(*"'%-P4"$4"=*7)6)$).4.".%"548%("&-"=*8*"Q;72"
%A)7'%" &-4" Q*.4$).4." %-" $4" 8&4$" 7%" (4.)84$)/4" %7'4" 4=&%7'4<"
^5*(4"8*-8)%(-%"4"$4"=(%7%-8)4"Q)7Q4".%$"8&%(=*<"d)"4Q)-*(4("
$4"(%=(%7%-'48)R-"(%7).%"%-"_&)'4("$*7"%$%Q%-'*7"%7'46$%7"_&%"
V&%$V%-"(YP).*"%$"48*-'%8%("%78,-)8*"%")Q=).%-"_&%"7&7"%E%89
'*7" %7',')8*7" .%-" %-" %$" 6$4-8*2" 4Q)-*(4(" $4" =(%7%-8)4" .%" &-"
8&%(=*"8*-7)7'%"%-")("84/4-.*"$*"_&%"_&%.4(Y4".%"%7'46)$).4.2"
:"=*("%-.%".%")Q=*7)8)R-2"%-"&-".)7=*7)')V*"=(%7%-'48)*-4$"e
7)%-.*"%$"=%$)P(*"_&%"$4"=(%7%-8)4"=(%'%-.4"7%("&-4"'*'4$).4."
:"47Y"=)%(.4"7&"84(;8'%("4P&`%(4.*e<NM"c&784("#H5'(&#&"$4"=(%9
7%-8)4")P&4$Q%-'%"(%7=*-.%"4$".%7%*".%"_&%.4("4'%-'*"4"i_&%"
$4"V4()48)R-"-*".%`%"%$$4"Q)7Q4".%"V4()4(2"%7".%8)("_&%"=47%"
%E%8')V4Q%-'%"=*("-&%V*7"84Q)-*7"7)%Q=(%")-%7=%(4.*7j<?>
#-":%@&5*O(H'5#9*.%"U%4-"b4Q6%('9{)$.2"%$"48'*("=(*V)7'*"
.%"&-4"%784E4-.(4"7%"%-8&%-'(4"%-"%$"E*-.*".%"&-4"4$6%(842"

NM
"U%4-9b&8"l4-8:"%7'&.)4"%7'4"=*7)6)$).4.":"7&7"8*-7%8&%-8)47"%-"
ib4"(%=(,7%-'4')*-")-'%(.)'%j"KB#*&%E&%)%'.#85A'*E&(=5F5$#M2"U%4-9b&8"
l4-8:2":"*R('$*$%)*5H#@%)2"a4$)$,%2"T4(Y72"@>>N2"==<"HK9MM<
?>
"a)$$%7"B%$%&/%2"i\-"Q4-)E%7'%".%"Q*)-7j2"(E>*85.>9"=<"1@J<

@L
.*-.%"%7';"8*$*84.4"&-4"84Q4<?1"d)"_&)%(%"V%("7&7"Q*V)Q)%-9
'*72"%$"%7=%8'4.*("%7';"*6$)P4.*"4"7&Q%(P)(7%"%-"%$"4P&4"8*-"
1&"-/1)(*(0"6"2#C(*1#"$$#7(*".,*"$("1#!1()3<!"2#":,+(-3#!+,"
_&%"48*Q=4]4"$*7"P%7'*7".%"'*.*72".%$"48'*("8*Q*".%"$*7"%79
=%8'4.*(%7<"T%(*"=&%.%"'4Q6),-2"846%/4"%Q%(P).42"%78&854("
%$"'%A'*"_&%"%7';".)E&-.).*"%-"$4"74$42":"-*"V%("-4.4".%$"48'*(F"
Q)(4"$4"Q&$')'&.".%"Q)%Q6(*7":"'&647"_&%"7%"Q&%V%-"4"$4"7&9
.#*4)3#"2#$"(5&(?"@!"&!"-,!+(C#"+3+&$(2,"m*45*%/*8(&$%&(*)(F&%*
/#*H('.#n#*$%*O5A'2*:E(8#/5E5)5)*_o>_0"Y("Z[$:"1&1+*(#".(*9
8)4$Q%-'%"$*7"8&%(=*7".%"$4"V)7'4".%"$*7"%7=%8'4.*(%7F"&-*7";(9
6*$%7"%(%8'*7"%-"Q%.)*".%"$47"6&'48472":"%-"8*-')-&4"(*'48)R-2"
)Q=).%-"4$"=h6$)8*".)7')-P&)("$*7"64)$4()-%7"-%'4Q%-'%<?@"T4(4"
)($34)(*"#$"+*(=(C,"()+,*($"#!"#1+,1"2,1"#C#-.$,10"1#".&#2#"*#9
8&(()("4"$4"-*8)R-".%"E&%)%'85#*%'*H%'(&"*".%"8"%&E(*#H5'(I
&#$(<"b%"'*84"4$"%7=%8'4.*("%$"=4=%$".%"6&784("$47"=(%7%-8)47"
%-"%$"%78%-4()*<"D4Q6),-"=&%.%"*$V).4(7%".%"%$$47"=4(4")-V*9
$&8(4(7%"%-"*'(47"Q4-%(47".%"47)7')("4$"%7=%8';8&$*<"3*-"Q;7"
8$4().4."4h-"_&%"%-"$47"Q*.4$).4.%7"4-'%()*(%72"$4"=(%7%-8)4"
.%$"48'*("4_&Y"7%"V&%$V%"7R$*"&-"%$%Q%-'*".%-'(*".%"*'(*7"%-"
$4"8*Q=*7)8)R-".%$"%7=%8';8&$*<"s4"=%(.).*"%$$4"'*.*"84(;8'%("
.%" 8%-'(*<" #$" .4'*" %7" .%" P(4-" )Q=*('4-8)4F" 8*-" $4" 6*((4.&(4"
:W*"(%')(*".%$"8&%(=*".%$"48'*(2"$*7"%$%Q%-'*7".%$".)7=*7)')V*"
%78,-)8*"%7';-"=&%7'*7"4$"Q)7Q*"-)V%$F"-*"54:"`%(4(_&Y4"=4(4"
*(.%-4($*7":"'4Q=*8*"54:"&-"%$%Q%-'*"8%-'(4$"4$(%.%.*(".%$"
8&4$"*(P4-)/4("$*7".%Q;7<
#-"8)%('47"=&%7'47"%-"%78%-42"%$"8&%(=*"-*"=4(%8%"=4(')8)=4("
.%"-)-P&-4".%"%7'47"8)-8*"Q*.4$).4.%7<"d%4"8&4$"7%4"$4"-4'&9
(4$%/4".%"$*7"Q*V)Q)%-'*7"%`%8&'4.*7"G)-8$&7*"%-"4&7%-8)4".%"

?1
":%@&5*O(H'5#9*.)(<"U%4-"b4Q6%('9{)$.2"=(*.<"C%7')V4$".%"^V)P-*-2"
C(4-8)42"@>>H<
?@
"g'$*58=*)#=*$#)*/#HH*#"R*$%H*G%&@*p5('2*XRRF>*_o9_2".)(<"k4"
{„$E$2"=(*.<"l%&%("D4-/2"^$%Q4-)42"@>11<

+/*.%#.&(*=(, @M U%4-9C(,.,()8"35%V4$$)%(
 !"#$%&'()*$%*+')#,(*-%#.&#/

#$$,1X" (1K" ),-," $(" B,*-(" 2#" #C#)&+(*$,1" G),*#,5*/4)(-#!+#0"

8*').)4-4Q%-'%2"$h.)84Q%-'%2"%'8<I2"%$"*`*"7)P&%")-'%(%7;-.*9
7%" 7R$*" =*(" $4" =%8&$)4().4." .%" $4" =(%7%-8)4" .%" %7'4" =%(7*-4"
_&%"')%-%"%-"E(%-'%F"%-"15"/5(*!%)#&%".%"347'%$$&88)2"7%(;-".*7"
5*Q6(%7".%"%.4."4V4-/4.42"&-*"847)"%7_&%$,')8*":"%$"*'(*"6479
'4-'%"P*(.*<?N"g6V)4Q%-'%2"%7'%"')=*".%"=%8&$)4().4.%7"4=4(%9
8%"%-"84.4"&-4".%"$47"Q*.4$).4.%7"-*Q6(4.47"4-'%()*(Q%-'%2"
=%(*" 4_&Y" 8*6(4" &-4" )Q=*('4-8)4" '4$" _&%" $4" .)7')-8)R-" %-'(%"
Q*.4$).4.%7".%`4".%")Q=*('4(<"d%"%-E*84"4$"8&%(=*"%-"'4-'*"
_&%"8"%&E(*)5'@"/#&<"d&"=(%7%-8)4")Q=*('4"7R$*"%-"'4-'*"_&%*
E&%)%'85#*)5'@"/#&2"7%4"$*"_&%"7%4"$*"_&%"%7'%"8&%(=*"54P4":"
7%4"8&4$"7%4"$4"Q4-%(4"8*Q*"$*"548%<
3&4-.*"47Y"7&8%.%2"7)"4$"'%(Q)-4("$4"E&-8)R-"7%"=(%P&-'4"4"
$*7"%7=%8'4.*(%7"_&,"E&%"$*"_&%"4=(%8)4(*-".%"$*7"48'*(%72"7%"
.%.)84(;-"%$$*7"4"6&784("$*7"4.`%')V*7"Q;7"=(%8)7*7"=4(4".%79
8()6)("$*"_&%"84(48'%()/464"$4"E&%)%'85#*)5'@"/#&".%"'4$"*"8&4$"
=%(7*-4" %-" %$" %78%-4()*<" l*" 546$4(;-" '4-'*" .%" $47" 488)*-%7"
(%4$)/4.472" '4Q=*8*" .%" $47" .)7')-'47" Q4-%(47" .%" %`%8&'4($47<"
d&%$%"=474("%-"=&%7'47".%"'%4'(*"#H#.%"&"*"6)%-"e:"=4(%8%(;"
8*-'(4.)8'*()*e"%-"Q*-'4`%7"8*-"48'*(%7"7&Q4Q%-'%"iP%-)49
$%7j<" \-" 7%(V).*(" (%8&%(.4" &-4" E&-8)R-" *(P4-)/4.4" =*(" &-4"
2'."6%-P4$Y"%-"$4"8&4$"&-*".%"$*7"i-hQ%(*7j"8*-7)7'Y4"%-"&-"
=(3$#"),*#,5*(4(2,"($"#1+3$,"\,$$6],,2?"9("*#.*,2&))3<!"2#"
Q*V)Q)%-'*7".4-8Y7')8*7"V)7'*7"%-"7&=%(=(*.&88)*-%7"EY$Q)847"
.%" c*Q64:" -*" '%-Y4" Q4:*(" )-'%(,7<" d)-" %Q64(P*2" $4" 84$).4."
G&-4"(%4$"E(%78&(4I":"$4"=%8&$)4().4.".%"$47"=(%7%-8)47"G&-4"(49
.)84$")-P%-&).4.I".%"4$P&-47".%"$47"4.*$%78%-'%7")-V*$&8(4.47"
4$$Y"V*$VY4"%$"i75*Oj"%A'(%Q4.4Q%-'%"8*-Q*V%.*("e8*Q=49
(46$%2"%-"8&4-'*"4"7&7"%E%8'*7"%7',')8*72"4"$*7"'(464`*7"=(*E%7)*9
-4$%7"Q%-8)*-4.*7"547'4"45*(4<

?N
"15"/5(*!%)#&%2".)(<"[*Q%*"347'%$$&88)2"=(*.<"d*8•%'47"[4EE4%$$*"
d4-/)*2"Z'4$)42"1MML<

N>
 ^$"*'(*"$4.*"%7';"$4"Q;7"_&%"E4Q*74"i8*-E%(%-8)4j"_&%".)*"
^-'*-)-"^('4&."%$"1N".%"%-%(*"1M?K"%-"%$"D5,w'(%".&"k)%&A"
3*$$*Q6)%("%-"T4(Y7<"b*7"'%7')Q*-)*7".%"$*7"%7=%8'4.*(%7"G^(9
'5&("^.4Q*V2"^-.(,"c(%'*-2"U%4-"T4&$54-2"U%4-9b*&)7"c4((4&$'2"
U%4-"3*8'%4&2"^-.(,"a).%2"%'8<I"_&%"'&V)%(*-"$4"*=*('&-).4."
.%" =(%7%-8)4(" %7'%" 48'*" 7*-" %$*8&%-'%7F" -4.)%" %(4" 84=4/" .%"
.%78()6)("$*"_&%"*8&(()R":"'*.*7"74$)%(*-".%"4$$Y"E&%('%Q%-'%"%79
'(%Q%8).*7m"d)"7%"$%%"8*-"&-"=*8*"Q;7".%"4'%-8)R-"$*7"(%=*(9
'%72"7%"%-')%-.%"_&%"$47"Q)(4.47"54-"7).*"8*Q=$%'4Q%-'%"4'(49
=4.47"=*("$4"(4.)84$"=%8&$)4().4.".%"$4"=(%7%-8)4"%-"%78%-4".%"
^-'*-)-"^('4&." e=4(4" %7%" %-'*-8%7" (%8),-" 74$).*" .%" -&%V%"
4]*7".%"%-8)%((*"%-"%$"5*7=)'4$"=7)_&);'()8*".%"[*.%/e<"#7'4"
Q*.4$).4.2" $4" .%" $4" E&%)%'85#* )5'@"/#&2" 7%(Y4" %$" 8*$Q*" .%" $4"
=(%7%-8)42"7&"=&-'*".%"%A4$'48)R-"Q;A)Q*<
p"'%(Q)-*"%7'%"$)7'4.*"4]4.)%-.*"&-4"7,=')Q4":"=*("45*(4"
h$')Q4"Q*.4$).4.2"&-4"Q*.4$).4."_&%"4&-"Q;7"_&%"$47"4-'%9
*3,*#1" #1+/" B&#*+#-#!+#" $35(2(" (" #1.#)K4),1" ),!+#;+,1" 1,)3,9
8&$'&(4$%7"e%-"%$"%-'%-.).*".%"_&%".)85*7"8*-'%A'*7"')%-%-"
3!:&#!)3(" 1,=*#" !&#1+*(1" -(!#*(1" 2#" 1#!+3*" 6" .#*)3=3*A?" @!"
%E%8'*2" %A)7'%-" 847*7" %-" $*7" _&%" %$" $)6(%" .)7E(&'%" .%" $47" =(%9
7%-8)47" 8*(=*(4$%72" %7" .%8)(" $4" =*7)6)$).4." .%" 4=(%8)4($47" %-"
'4-'*" _&%" =*'%-8)47" -*" (%=(%7%-'4')V472" 7%" .%6%" 4" _&%" $*7"
8&%(=*7"7*-"7*6(%((%=(%7%-'4')V*7<"b4"=(%=*7)8)R-"i7*6(%j"G%-"
i7*6(%((%=(%7%-'4')V*7jI" -*" .%7)P-4" &-" %A8%7*" E;(7)8*" 8*Q*"
%(4"%$"847*"8*-"%$"8"%&E(*/d$58(<"^5*(42"%7".%6).*"4$"5%85*"
.%"_&%"$47"=(%7%-8)47"7*-"7*6(%((%=(%7%-'48)*-4$%7"_&%"%$"=h9
6$)8*" 464-.*-4" '*.4" %A=%8'48)R-" %-" 8&4-'*" 4" $4" .)Q%-7)R-"
(%=(%7%-'48)*-4$"_&%"%7'47"=(%7%-8)47"8*-V*84-<"s%"4_&Y2"7)-"
.&.42"&-4"%A'(4]4".)7=*7)8)R-".%$"=h6$)8*<
#7'4"%A'(4]4".)7=*7)8)R-"7%".%`4"*67%(V4(".&(4-'%"E&-8)*-%7"
.%".4-/4"8$;7)84"%-"$4"Z-.)4F"=&%.%"7%("&-4"E&-8)R-".%"c54(4'4"
l4':4Q2".%"x4'54X2".%"x4'54X4$)2".%"+4-)=&()2".%"x&85)=&9
.)" *" .%" g.)77)<"^=%-47" %Q=)%/4-" $*7" )-',(=(%'%7" 4" 64)$4(2" 7%"

+/*.%#.&(*=(, N1 U%4-9C(,.,()8"35%V4$$)%(
 !"#$%&'()*$%*+')#,(*-%#.&#/

*:%-"7&7&((*7"%-"$47"6&'4847F"84.4"&-*"%7';"546$4-.*"8*-"7&"
7#)3!," .(*(" ),!4*-(*" %&#" $,1" -,73-3#!+,1" ),**#1.,!2#!" ("
'4$"=4('%".%"$4"5)7'*()4"(%$4'4.4"%-"%$"6#=#F=#&#.#2"%$"3#H#I
,#'#2"$47"B%,%)*$%*6#'d"*")-8$&7*"%-"$*7"P%$#)<"T*-P4Q*72"
=*("%`%Q=$*2"%$"%=)7*.)*".*-.%"B(4&=4.)"%7"4((47'(4.4"=*("$*7"
846%$$*7" 4-'%" $4" 8*('%" .%" B&(:*.54-4<" T4(4" 5&Q)$$4($4" Q;72"
$*7" P&4(.)47" (%8)6%-" $4" *(.%-" .%" .%7V%7')($4<" T%(*" B(4&=4.)"
%7';" 64`*" $4" =(*'%88)R-" .%" x()75-42" _&)%-" Q)%-'(47" `4$4-" $4"
'%$4" .%$" 74()2" =(*V%%" Q;7" '%$4<"D*.*7" $*7" %7=%8'4.*(%7" 8*-*9
8%-"%-".%'4$$%"%7'%"%=)7*.)*".%$"6#=#F=#&#.#<"p"&-4"V%/"_&%"
'(!"),!4*-(2,"#!+*#"#$$,1"%&#"1#"+*(+("2#"#1+#"#.31,23,"G$,1"
7&7&((*7".&(4-"&-*7"'(%)-'4"7%P&-.*7I2"$4"5)7'*()4".%`4".%")-9
'%(%74($%7"=*("8*Q=$%'*<"d%"467*(6%-"%-"$4"8*-'%Q=$48)R-".%"
$*7"Q*V)Q)%-'*7<"
@1" -/10" )(2(" &!," 2#" #1+,1" -,73-3#!+,1" #1+/" ),234)(2,>"
8&4-.*"$4"64)$4()-4")-8$)-4"7&"Q4-*")/_&)%(.4"'(%)-'4"P(4.*7"
548)4"4(()64":"Q)(4"4$'%(-4')V4Q%-'%".%"84.4"$4.*2"'*.*7"749
=#!"%&#"#1,"45&*("("^*(&.(23"#!B&*#)32("#;.$3)(!2,"("^&*9
:*.54-4" _&%" ,$" -*" ')%-%" -)-Ph-" .%(%85*" 7*6(%" %$$4<" T%(*" 4"
-4.)%"%-"%$"=h6$)8*"$%")Q=*('4"%7*<"p"'4Q=*8*"$%")Q=*('4"_&%2"
.%7=&,7" .%" '4$" Q*V)Q)%-'*2" V%-P4" %7%" *'(*<" T*(_&%" 4$" )P&4$"
_&%"8*-*8%-"$4"i5)7'*()4j2"$*7"%7=%8'4.*(%7"'4Q6),-"7%"746%-"
.%"Q%Q*()4"$4"=4(')'&(4"8*(=*(4$".%"$*7"64)$4()-%7<"3*Q*"%7*7"
*6`%'*7" _&%" '%-%Q*7" %-" 8474" .%7.%" 548%" '4-'*" ')%Q=*" _&%"
-*7"48*7'&Q6(4Q*7":":4"-)"$*7"V%Q*72"%$"=h6$)8*"-*"=)%(.%"
Q;7"')%Q=*"%-"Q)(4("$*"_&%"7%"(%=(%7%-'4"G$4"5)7'*()4"$%P%-9
.4()4I" *" $*" _&%" 7%" (%=(*.&8%" G$4" =4(')'&(4" .%" Q*V)Q)%-'*7IF"
$*"(%=(%7%-'4.*":"$*"(%=(*.&8).*"7%"54-"V&%$'*"'(4-7=4(%-'%7"
4"$*"=(%7%-'4.*<"b*7"%7=%8'4.*(%7"7%"4$%P(4-"*"47*Q6(4-"=*("
$4"84$).4.".%"$4"=(%7%-8)42"%7".%8)(2"4_&Y"$4"P(48)4":"$4"4P)$).4."
.%$"8&%(=*<
#7*"7%(Y4"%$"Q*.*".%"=(*8%.%(".%$"'(%)*+#2+3)%'+/!$'./+6"
&-4" =(%7%-8)4" _&%" *=%(4" =*(_&%" $47" %A=%8'4')V47" %-" 8&4-'*"

N@
4"$4"(%=(%7%-'48)R-"%7';-"74')7E%8547".%"4-'%Q4-*<"#$"8"%&E(*
2+3)%'+/!$'./+"7%".%`4".)7E(&'4("=*("7Y"7*$*"eE&%(4".%"'*.*"
)<235," 45&*(+37,A?" ^#" '#)',0" $(1" ,=1#*7()3,!#1" '#)'(1" #!"
8&4-'*"4"$*7"%7=%8'4.*(%72"7%"4=$)84-"'4Q6),-"4"$*7"48'*(%7F"%$"
)-',(=(%'%2"4$")P&4$"_&%"7&"=h6$)8*2"%7';"'*.*"%-'%(*".%.)84.*"
4" $4" %`%8&8)R-" 7)-P&$4(" .%" $*7" Q*V)Q)%-'*7" :" 7%" *$V).4" =*("
8*Q=$%'*".%"7&"=*(_&,"(%=(%7%-'48)*-4$<
#7'4"Q*.4$).4."-*"7%"i%A=*('4j"-)"'(47$4.4"'4-"E;8)$Q%-'%<"
l*" 54:" _&%" 7&6%7')Q4(" $4" .)Q%-7)R-" 5)7'R()84" _&%" $4" V4$)9
2(?"U$"!,"#!+#!2#*"#$".(.#$"%&#"C&#5("$("1,=*#),234)()3<!"
%-".%'%(Q)-4.4"'(4.)8)R-"%7',')842":"4$"'(4'4(".%"8*-7'(&)("&-"
-&%V*"8R.)P*"8*(=*(4$"7&=&%7'4Q%-'%"4.4='4.*"4"&-4".%'%(9
Q)-4.4"7)'&48)R-"48'&4$2"-*"7%"$*P(4"'(4-7=4(%-'4("$4"(%=(%9
7%-'48)R-<" B%" 5%85*2" 8&4-.*" 7%" )-'%-'42" =474" %A48'4Q%-'%"
$*" *=&%7'*F" %-" V%/" .%" .%74=4(%8%(2" %$" 8R.)P*" 4=$47'4" :" :4"
-*" 7%" =&%.%" V%(" -4.4" .%" $4" =%(E*Q4-8)4" %-" 7Y<" #$" 8R.)P*"
7%" V&%$V%" *=48*" :" *6$)'%(4-'%F" -*" .%`4" _&%" $47" Q)(4.47" $*"
4'(4V)%7%-"=4(4"%-E*84("$*"_&%"%7';".%'(;7<"l*"7%"=&%.%".)79
E(&'4("-4.4".%"$*7"Q*V)Q)%-'*7".%"$*7"*=%(4.*(%7"%-"%78%-4"
=*(_&%"%7'*7"Q*V)Q)%-'*7"%7';-"'4=4.*7"=*("&-".)78&(7*"_&%"
=(%'%-.%" %A=$)84(" 84.4" &-*" .%" %$$*7<??" #$" 8&%(=*" 7%" V&%$V%*
8"%&E(*$5)8"&)54(<
d)"%$"'(%)*+#2+3)%'+/!$'./+"4$84-/4"7&"$YQ)'%"e%7".%8)(2"
.%`4".%"E&-8)*-4(e"8&4-.*"7%"V&%$V%"8"%&E(*$5)8"&)54(2".%"
)P&4$"Q4-%(4"84.4"&-4".%"$47"*'(47"7%)7"Q*.4$).4.%7"=*7%%"7&7"
$)Q)'48)*-%72"7&7"6*(.%7".%".)7E&-8)*-4Q)%-'*<"#$"8"%&E(*8(I
)%+,)-$'+"=&%.%"V*$V%(7%"8"%&E(*)(/%H'%<"#$"()%7P*"_&%"8*((%"
%$"8"%&E(*8(.5$5#'("%7"%$".%"7%("-4.4"Q;7"&-*8"%&E(*F#'#/>*
B%Q47)4.*" .%Q*7'(4')V*2" %$" 8"%&E(* /d$58(" 7%" '(4-7E*(Q4" %-"
8"%&E(*.%#.&#/5).#<"#$"8&%(=*"_&%"-*"$*P(4"4$84-/4("$4".)7*-4-9

??
"T*("%`%Q=$*"%-"V%45*6#=#.H,#H9".)(<"+4$$)X4"d4(4654)2"=(*.<"
D5%"B4(=4-4"T%(E*(Q)-P"a(*&=2"Z-.)42"@>>K<

+/*.%#.&(*=(, NN U%4-9C(,.,()8"35%V4$$)%(
 !"#$%&'()*$%*+')#,(*-%#.&#/

8)4"4=4(%8%(;"E#.<.58(<"d%"7&E()(;".%"&-"8"%&E(*#H5'(&#$("8*-"
.%Q47)4.*" E*(Q4$)7Q*" =*(_&%" 7%" 546(;" V&%$'*" 8"%&E(* 8('I
8%E."#/<" #$" 8"%&E(* )5'@"/#&" E;8)$Q%-'%" .%`4(;" .%" 7%(" '4$" =4(4"
Q*7'(4(7%" 8*-" $*7" (47P*7" .%" &-" $4Q%-'46$%" 8"%&E(* %@(.5).#<"
^$"4$84-/4("%7'*7"$YQ)'%72"$47"Q*.4$).4.%7".%`4-".%"=(*.&8)("
%E%8'*7"%7',')8*7<"#$"'(464`*".%$"48'*("8%74".%")-'%(%74("4$"%79
=%8'4.*(<"\-*"-*"7)%-'%"-4.4":"=*("8*-7%8&%-8)4"7%"V&%$V%"
)-.)E%(%-'%"4"$*"_&%"7&8%.%"%-"%$"%78%-4()*<"#$"'%4'(*"46&((%<

.)$%.5%(6'0.*!"%#$7$.)$%.5%(6'0('!.,%#

s46$4(".%$"'%A'*"%-"%$"'%4'(*".%"5*:"%7"Q;7"()%7P*7*"_&%"546$4("
.%$"%7=%8'4.*("8*-'%Q=*(;-%*"*".%"$47"48'&4$%7"Q4-%(47".%"
*=%(4(" .%$" 48'*(<" b4" ).%4" .%" i'%A'*j" 7%" =(%7'4" 4" -&Q%(*747"
8*-E&7)*-%7<" d%" =$4-'%4-" 4" V%8%7" .)7')-8)*-%7" 8*Q=$%'4Q%-9
'%")-*=%(4-'%7<"d%"=(%'%-.%2"=*("%`%Q=$*2"*=*-%("&-"7&=&%7'*"
i'%4'(*".%"'%A'*j"4"&-"E4-'47Q4PR()8*"i'%4'(*".%")Q4P%-j?H"e:"
8*-"%7*"7%"*$V).4"=*("8*Q=$%'*2"=*("&-"$4.*2"_&%"%$"',(Q)-*"
.=%#.&('" 1#" *#4#*#0" #+3-,$<53)(-#!+#0" ($" $&5(*" 2#12#" 2,!2#"
7%"V%":2"=*("*'(*"$4.*2"4"&-"48*-'%8%(e<"s48%"E4$'4"=&%7"8*-9
+#;+&($3I(*"2#"!&#7,"$("*#:#;3<!?"@!"#1+#"1#!+32,"+($"7#I"7($5("
$4"=%-4"(%=%')($*F"$*7"%78%-4()*7"8*-'%Q=*(;-%*7"-*"(%8&((%-"
-%8%74()4Q%-'%"4"&-4"E;6&$4".(4Q;')84"_&%"(%=(%7%-'4"=%(7*9
!(C#1"#!"),!:3)+,?"L,*"#C#-.$,0"N2,!2#"#1+/!"$("'31+,*3("6"1&"
(%=(%7%-'48)R-"8&4-.*"!(HE&<*"'#*E#/#*%'*?L%#*E#&#*8#4#&*H5*
."HF#".%"[*.()P*"a4(8Y4"8*Q)%-/4"47YF"iQ%"`*.%"_&%"$*7"=49
.(%7"$$%V%-"4"$*7"-)]*7"4"(%7'4&(4-'%7":"_&%"$*7"5)`*7".%"=&'4".%"
7&7"-)]*7".%`%-"%-"%$"=$4'*"$4"8*Q).4"847)"7)-"'*84(2"7%"$4"Q%'%-"

?H
"#$".)(%8'*("E(4-8,7"g$)V)%("T:"&74"4"Q%-&.*"%7'4"46%((4-'%".)79
')-8)R-<"k,47%"ig$)V)%("T:2".)(%8')*-"^V)P-*-j2"B%*6('$%9"1J".%"46()$"
.%"@>11<

N?
%-"$4"6*842"`&%P4-":"$4"%78&=%-"*'(4"V%/"%-"%$"=$4'*jo?J"#7"&-4"
Q4-%(4".%"%Q=%/4("Q&:".)E%(%-'%".%"$47"=()Q%(47"$Y-%47".%$"
V%)%'/#8%*5HE&%45).(*.%"+4()V4&AF

B#*%)8%'#*%)*%'*/#*8#)#*$%*8#HE(*$%/*)%n(&*:&@#'.%9*%'*/#)*8%&8#I
'C#)*$%*0#&C)>

2(0#"%."[#E%'#$(\2"#7'*:".%7%7=%(4.*2"Q)"=*6(%"Q4%7'(*"T%9
.(*F"-*"7,"_&,"548%(<"
4#.,%0($'.20(8"q#5r2"84(4:2"q.,`%$*"=&%7r"qd&"$4Q%-')8*"Q%"8*9
((*%"'*.*"%$"6&%-"5&Q*(r
2(0#"%.8"ny&,"_&)%(%7o"^Q*"4"$4"7%]*()'4"^(P4-'%"Q;7".%"$*"
_&%" -&-84" 5%" 4Q4.*F" Q%" V%*" %-" $4" VY7=%(4" .%" =%(.%($42" n:" -*"
%&3#*#1"%&#"-#"13#!+("(:3532,M?K"

@$"1#5&!2,"#C#-.$,".(*+3)3.("2#$"),!:3)+,_"#$"2*(-("#1+/"
4-)Q4.*"=*("&-".%/()2"')%-%"&-4"Q%'42"&-"=&-'*".%"$$%P4.42"&-"
2#1#!$()#"A(%&K"3-.*#731+,>"&!("4#1+("#!"',!,*"2#"$("V#`,9
()'4e<"p"%7"=(%8)74Q%-'%"$*"_&%":4"-*"')%-%"$&P4("%-"%$"=()Q%("
%`%Q=$*":"%-"&-"P(4-"-hQ%(*".%"=&%7'47"%-"%78%-4"8*-'%Q9
=*(;-%47<"s*:"%-".Y42"_&)%-"%78()6%"=4(4"%$"'%4'(*"'*Q4"8*-"
)3#*+("$35#*#I("$(1"45&*(1",+*,*(")$/13)(1"2#$"58!#*,"+#(+*($>"#$"
23/$,5,"#!+*#".#*1,!(C#10"#$"!&2,"2#$"),!:3)+,0"1&"2#1#!$()#0"
$4" $%88)R-" .%" V).42" %'8<" b47" '*Q4" 8*-" $)P%(%/4" '4Q6),-" =*(9
_&%"%$"'%A'*":4"-*"%7';"-%8%74()4Q%-'%"%-"%$"8%-'(*".%$"P%7'*"
%78,-)8*<" +;7" 6)%-" %$" '%A'*" 7%" V&%$V%" &-*" .%" $*7" %$%Q%-'*7"
_&%"%-'(4-"e*"-*"%-'(4-e"%-"`&%P*"%-"%$"*(.%-4Q)%-'*".%$"
4('%E48'*"'%4'(4$<

?J
" [*.()P*" a4(8Y42" BQb5).(5&%* $%* 3('#/$* /%* 8/(J'* $%* 8=%;* 68*
V('#/$Q)"…*qQ#5*#8=%.<*"'%*E%//%*r*?L%#*E("&*8&%")%&*H#*.(HF%2"c%9
74-†*-2"b%7"d*$)'4)(%7"Z-'%Q=%7')E72"@>>N2"=<"LN<
?K
"+4()V4&A2"B%*$<'("%H%'.*5HE&<4"2"%-"-=<^.&%*8(HE/%.2"a4$$)9
Q4(."GT$,)4.%I2"T4(Y72"1M?M2"=<"NMM<

+/*.%#.&(*=(, NH U%4-9C(,.,()8"35%V4$$)%(
 !"#$%&'()*$%*+')#,(*-%#.&#/

p"%7".%8)7)V*"4_&Y"%$"5%85*".%"_&%"-*"7%4")Q=(%78)-.)6$%"
_&%"54:4"'%A'*"%-"$4"%78%-4<"T*(_&%"%7"%7'%"84(;8'%("*=8)*-4$"
2#$"#$#-#!+,"+#;+&($"$,"%&#"-,234)("$("B&!)3<!"2#$"+#;+,>"13"
-*"%7"*6$)P4'*()*2"(%8&(()("4"&-"'%A'*"(%7=*-.%"%-'*-8%7"4"&-4"
.%8)7)R-" =(*=)42" 4" &-4" 4=&%7'42" 4" &-" =(*=R7)'*" e.%8)7)R-2"
4=&%7'42"=(*=R7)'*"_&%2"=4(4.R`)84Q%-'%2"(%V4$*()/4-"$4"E&-9
8)R-2"*"Q;7"6)%-"8*-V)%-%".%8)("$47"E&-8)*-%72".%$"'%A'*e<"d%"
&74"&-"'%A'*"=*(_&%2"4$"&74($*2"7%"4=&%7'4"4"_&%"4$P*"=474(;"
_&%"-*"=474(Y4"7)"-*"7%"&74(4<"b4"=(%P&-'4"%7"%-'*-8%7F"n_&,"
=(*.&8%"%$"'%A'*"%-"&-"%78%-4()*o"#7".%8)(2".%"-&%V*F"n8&;$%7"
7*-"7&7"E&-8)*-%7"45*(4o
#-"&-"%-8&%-'(*"_&%"*(P4-)/4Q*7"%-"@>>K"48%(84".%"%79
'47"=(%P&-'472".*7"8*$%P472"&-*"8*(%RP(4E*"GC(4-X"+)85%$$%'')I"
:" %$" *'(*" %.)'*(" :" %-74:)7'4" GT5)$)==%" g$$,9b4=(&-%I" %76*/49
(*-" &-4" )-'%(%74-'%" =(*=&%7'4F" (%8&(()(" 4" &-" '%A'*" %-74-8542"
.%8Y4-2"$4"84-').4.".%"iQ)7'%()*j"%-"%$"%78%-4()*"*"6)%-"48(%9
8)%-'4"$4"i*=48).4.j".%$"%V%-'*"%78,-)8*2":"=*("%-.%"=&%.%"
$$%P4("4"V*$V%("%$"48*-'%8%("'%4'(4$"Q;7"=(*E&-.*":"Q;7"(%$%9
V4-'%<?L"#7'4"(%7=&%7'4"%7")-'%(%74-'%"=*(_&%"'*Q4"%-"8&%-'4"
e:"%7*".%"Q4-%(4"Q&:"7&')$e"%$"5%85*".%"_&%"%$"'%A'*"-*"
%7" -)" &-" %$%Q%-'*" 8%-'(4$" -)" &-" %$%Q%-'*" 4)7$4.*<" d)" %$%V4"
%$" P(4.*" .%" Q)7'%()*" *" .%" *=48).4.2" %7" 8*Q6)-4.*" 8*-" $*7"
*'(*7"%$%Q%-'*7"_&%"8*Q=*-%-"$4"%78%-4<"B%"5%85*2"%$"'%A'*"
4=4(%8%"4_&Y"8*Q*"84'4$)/4.*(".%"4$P*":4"=(%7%-'%F"4&Q%-'4("
$4"84-').4.".%"Q)7'%()*"*".%"*=48).4."7&=*-%"_&%":4"54:"=(%9
7%-'%"&-4"'%-.%-8)4"4$"Q)7'%()*"*"6)%-"4"$4"*=48).4.<
#7"%A48'4Q%-'%"$4"E&-8)R-"_&%"8&Q=$%"$4"E(47%"=(*:%8'4.4"
%-"$4"7%P&-.4"=4('%".%"O(F&%*%/*8('8%E.(*$%*&().&(*%'*%/*=5S(*
$%* V5()2" &-4" E(47%" _&%2" Q)%-'(47" 7%" =(*:%8'4" 7%" '(4-7E*(Q4"
)-.)78%(-)6$%Q%-'%F" %$" ip*&" 4(%" Q:" 75%=5%(.j"Kg).%$%)*)('*

?L
" k,47%" 5''=FWWOOO<=(*:%8'*N<-%'W48')V).4.%79'%*()84794$9(%.%9
.*(9.%9$49'%(8%(49-*85%9.%9'%4'(*94MN1M1L

NJ
H5)* (4%S#)M" 7%" V&%$V%2" 4$P&-*7" 7%P&-.*7" .%7=&,72" ip*&" 4(%"
-*'"Q:"75%=5%(.j"Kg).%$%)*'(*)('*H5)*(4%S#)M":"V)8%V%(74<"d)-"
.&.42"4_&Y"$4")((&=8)R-".%$"%$%Q%-'*"'%A'&4$"G%-"%7'4"7%P&-.4"
=4('%2" $*7" 48'*(%7" -*" 54-" 546$4.*I" (%E&%(/4" $4" 4Q6)P•%.4."
.%"$47"7%-748)*-%7"%A=%()Q%-'4.47"547'4"%7%"Q*Q%-'*"=*("%$"
=h6$)8*<"#$"'%A'*"4&Q%-'4"$4")-%7'46)$).4.".%$"7%-')(":"V&%$V%"
Q;7"E&%('%"$4")Q=(%7)R-".%")-7%P&().4."_&%"%7'4")-%7'46)$).4."
8*-$$%V4<
#7'%"%E%8'*"4&Q%-'4.*("*"84'4$)/4.*(".%$"'%A'*"7*6(%"%$"%79
8%-4()*"')%-%"7&7"=(*=)*7"'(*=)7Q*7<"\-4"E*(Q4".%"(%7&Q)("%$"
%7=%8'(*".%"=*7)6)$).4.%7"_&%"7&(P%-"8*-7)7'%"%-"%-E*84("$*7"
.*7"%A'(%Q*7".%"%7'%"%7=%8'(*<"\-"7%(V).*(":"+4''5)%&"+,V%$"
-*7" .%.)84Q*7" 4" %7'4" '4(%4" (%8)%-'%Q%-'%<" b4" 5)=R'%7)7" %(4"
7)Q=$%<"b4"%V*8*"45*(4"6(%V%Q%-'%<"T*("&-"$4.*2"%7';"%$"'%A'*"
%&#",.#*(".,*":(%&#,"6"2#1()#$#*()3<!?"V#"*#+3*(".(*(".#*-3+3*"
4$"%7=%8'4.*("%-'(4("e8*Q*"%-"B#*d/.5H#*85'.#*$%*c&#EE".%"
d4Q&%$" c%8X%''" (*:/@"5%'* %).]* E(&* //%@#&" .%" U*-" C*77%e<"^$"
,+*,"$(2,"#1+/"#$"+#;+,"%&#",.#*(".,*"3!+#!134)()3<!"6"()#$#9
(48)R-F"%-"6]T"5'#Ib#H/%.".%"s%)-%("+•$$%(2"8*Q*"%-*?')"/I
.()*#/*EdF/58(*.%"T%'%("s4-.X%"e=*("8)'4("-*"$*7"'%A'*7"Q;7"
(%8)%-'%7"7)-*"$*7"Q;7"8*-*8).*7e2"$47"=4$46(47"%Q=&`4-"4$"
%7=%8'4.*("548)4".%$4-'%<"B%"&-"$4.*2"&-".%7.(*$<F5/":"4P&`%9
(4.*f"4$"*'(*"$4.*2"&-".%7.(*R"%&.%":"$$%-*"547'4"%$"%A8%7*<"^$"
8*-8$&)("%7'%"(%=47*2"$$%P;64Q*7"4"&-4"=(%P&-'4"7*(=(%-.%-'%"
_&%"-*"7&=)Q*7"(%7=*-.%(F"in-*"=(%7%-'4(Y4"%$"=*%Q4"'%4'(4$"
$4" .)7$*848)R-" .%" $4" )-.)V).&4$).4." G'4-'*" .%$" d&`%'*948'*("
8*Q*".%$"d&`%'*9%7=%8'4.*(Ioj<?M"#7"'4$"V%/".%"%7'%"$4.*"_&%"
54:"_&%")-.4P4(2"=(%P&-'4(7%F"i8RQ*"%$":*"7%".%78*Q=*-%j2"

?M
"U%4-9C(,.,()8"35%V4$$)%(":"+4''5)%&"+,V%$2"iD%A'*"E&%('%WD%A'*"
.,6)$j2"3%45).#*!(/(HF5#'#*$%*/#)*:&.%)*+)8<'58#)9*-hQ<"?2"+4-)/4$%72"
@>1>2"=<"@1<

+/*.%#.&(*=(, NK U%4-9C(,.,()8"35%V4$$)%(
 !"#$%&'()*$%*+')#,(*-%#.&#/

548%("&-"i)-V%-'4()*j2"Q*7'(4("i8RQ*"%7j<H>"^$"Q%-*7"Q&85*7"
'%A'*7" %78()'*7" (%8)%-'%Q%-'%" =4(4" %$" '%4'(*" 4=&-'4-" %-" %7'4"
.)(%88)R-<"\-4"*6(4".%"k4$‡(%"l*V4()-4"8&:*"'Y'&$*"%7":4"%V*9
84.*(2"m(*)(,2"%Q=)%/4"47YF

#7';7"E&%(4".%"')<"p4"-*"54:"-4.)%"E&%(4".%"4$P&)%-<"l*"54:"-4.)%"7)-"
4$P&)%-<"#$"%7=48)*"-*"%7';"E&%(4".%"')<"s4:"4$P&)%-"7)-"-4.)%<"l49
.)%"%7';"E&%(4".%"')<"p4"-*"54:"%7=48)*"4$")-'%()*(".%"-4.4<"p4"-*"54:"
%7=48)*"7)-"-4.4<"#7';7"7)-"-4.4<"p4"-*"54:"%7=48)*"7)-"-4.)%<"#7';7"
7)-"-4.)%<"#$"%7=48)*"-*"%7';"4$")-'%()*(".%$"%7=48)*<"l4.4"%7';"7)-"
,$<" p4" -*" 54:" %7=48)*" 4$" )-'%()*(" .%$" %7=48)*<" p4" -*" 54:" -4.)%"
7)-"-4.)%<"l*"54:"-4.4"7)-"')<"l*"54:"-4.4"4$"%A'%()*(".%"')<"p4"-*"
54:"-4.)%"%-"-4.4<"l4.)%"%7';"%-"4$P&)%-<"l4.4"%7';"%-"4$P&)%-<"
l4.)%"%7"Q%-*7"E&%(4".%"-4.4"_&%"'h<"s4:"4$P&)%-".%-'(*".%"')<"p4"
-4.4"%7';".%-'(*".%"')<"#7';7"%-"4$P&)%-<"Gp4"-*"54:"-4.)%<IH1

#7'%"'%A'*"-*"'%Q4')/4"&-"48*-'%8%("%78,-)8*"7)-*"_&%"$*"
4'(4V)%74" 8*-" )-'%((*P4-'%7<" d)" $4" =(%P&-'4" =&%.%" 7%(" n_&,"
7*Q*7" :" _&," 548%Q*7" 4_&Yo2" %$" (%8&(()(" 4" =4$46(47" V&%$V%"
%7'4" =(%P&-'4" Q;7" (4.)84$2" Q;7" V)(&$%-'42" Q;7" )-%$&.)6$%<"
l*V4()-4" 4]4.Y4" _&%" i-*" %7" $4" 8*Q=*7)8)R-" .%$" =%(7*-49
`%2" 7)-*" $4" .%78*Q=*7)8)R-" .%" $4" =%(7*-42" $4" .%78*Q=*7)9
8)R-" .%$" 5*Q6(%" $*" _&%" 7%" 548%" 7*6(%" %$" %78%-4()*j<H@" T%(*"
%$" '%A'*" -*" 8&%7')*-4" %$" %V%-'*" %78,-)8*2" 7)-*" _&%" )-'%((*9
P4" $47" 7%-748)*-%7" _&%" %$" %7=%8'4.*(" %A=%()Q%-'4" 4$" Q)(4("
%7'%" %V%-'*<" #-" %7'%" 7%-').*" %$" .%7.(IE&%@"'.#" 4'(4V)%74"
%$"%78%-4()*F"$$%P4"4"$4"74$4<"g2"Q;7"%A48'4Q%-'%2"7)"%$"'%A'*"
=4(%8%"8&%7')*-4("%$"%V%-'*"%78,-)8*"%7"=4(4")-'%((*P4("Q;7"4"
E*-.*"%$"7%-')(".%$"%7=%8'4.*("e$*"_&%".%",$"7%".%78*Q=*-%"

H>
"k,47%"a)$$%7"B%$%&/%2"ibz,=&)7,j2"%-"d4Q&%$"c%8X%''2"s"#$9"+)9
-&)'2"T4(Y72"1MM@2"==<"J@9JN<
H1
"k4$‡(%"l*V4()-42"q%*)"5)2"T<g<b2"T4(Y72"1MM12"==<"K91K<
H@
"k4$‡(%"l*V4()-42"B%*.=<^.&%*$%)*E#&(/%)9"T<g<b2"T4(Y72"==<"@@2"@?<

NL
:" (%8*Q=*-%" 4$" 7%-')(" 47Ye<" d)" %$" %7=%8'4.*(" %7" =%(7*-42" %7"
%-"'4-'*"_&%"%-'%"_&%"7)%-'%<"T*("%`%Q=$*2"%-"!&"$#>*P"%/.#*
,*4"%/.#>*:/*E"'.(>*!=#H")8#$#2"$4"%7=%8)%".%"7&6'Y'&$*7"=(*9
:%8'4.*7"Q)%-'(47"&-"4.*$%78%-'%".4"&-"'%7')Q*-)*".%"7&"V).4"
%-"&-*".%"$*7"64(()*7"=*6(%7".%"c&%-*7"^)(%7"-*"=(*=*-%"&-4"
%A48'4"'(4.&88)R-".%$"'%7')Q*-)*"7)-*"_&%"7%".%.)84"4"=*-%("
%-".&.4"$4"4&'%-')8).4.".%".)85*"'%7')Q*-)*<HN"T%(*"$4")(*-Y4"
%&#"1#"-(!34#1+("($$K"!,"),!)3#*!#"+(!+,"($"(2,$#1)#!+#"13!,"("
$4"=*7'&(4"_&%"4.*='4"%$"=h6$)8*"=4(4"%78&854("%7'%"')=*".%"(%9
$4'*"G=)%.4.2"=%-42"8*-Q)7%(48)R-2"=4'%(-4$)7Q*I<"#$"8)-)7Q*"
.%"$*7"7&6'Y'&$*7"7&%-4"8*Q*"&-4"$$4Q4.4"*"6)%-"&-4"=(*V*9
848)R-" 4" *Y(" %7'%" '%7')Q*-)*" .%" *'(4" Q4-%(42" =(*646$%Q%-'%"
-#!,1"1&.#*4)3($?"
s%"4_&Y"&-"'(*=)7Q*"(%8),-"4=4(%8).*"_&%2"4$"_&%(%("%-E*9
84("$4"=4(')'&(4".%"488)*-%7"%`%8&'4.47"=*("$*7"48'*(%7"8*Q*"
&-"'%A'*2")-8$&7*"8*Q*"$4"l&%V4"C*(Q4".%"'%A'*"=4(4"%$"'%4'(*2"
7%".%74')%-.%"'*'4$Q%-'%<"#7"=*7)6$%2"%-"%E%8'*2"_&%"$4"V&%$'4"
2#"+&#*)("1#`($(2("($"),-#!I(*"#1+("*#:#;3<!"G#$"#1.#)+(2,*"
$$%P4"4$"=()-8)=)*I"7%"48*Q=4]%".%"*'(4"V&%$'4".%"'&%(84"Q;72"
%7'4" V%/" %-" 8&4-'*" 4$" '%A'*<"p" _&%(%(" 74$V4(" 4" '*.4" 8*7'4" %$"
'%A'*"8*Q*"=(*=)%.4."%A8$&7)V4".%$"%78%-4()*"7R$*"7)(V%"=4(4"
8%P4("$4"V)7'4<"d)"*'(*(4"%$"'%A'*"4-'%8%.Y4"4$"48*-'%8%("%78,-)9
8*"G)-8$&7*"%(4"%$"=&-'*".%"=4(').4".%"%7'%"48*-'%8%(I2"-*"7%(Y4"
467&(.*" 8*-V%-)(" 45*(4" _&%" $4" 8(*-*$*PY4" 54" =(*646$%Q%-9
'%"7&E().*"&-"84Q6)*"(4.)84$F"5*:"%-".Y4"4"$*"_&%"7%"4=&-'42"
!"#$"%2"%7"4"$4"=(*.&88)R-"'%A'&4$".%$"%7=%8'4.*(<"#7'%".%7.(I
E&(E"%).#" -*" V)%-%" 4-'%7" 7)-*" .%7=&,7f" :" -*" %7" %$" =&-'*" .%"
=4(').4"7)-*"%$"=&-'*".%"$$%P4.4<

HN
"!&"$#>*P"%/.#*,*4"%/.#>*:/*E"'.(>*!=#H")8#$#2".)(<"[*.()P*"a4(9
8Y42"=(*.<"C%7')V4$".%"^V)P-*-2"C(4-8)42"@>>K<

+/*.%#.&(*=(, NM U%4-9C(,.,()8"35%V4$$)%(
 !"#$%&'()*$%*+')#,(*-%#.&#/

\-" '(464`*" _&%" &-" 7%(V).*(" *(P4-)/R" 8*-" %7'&.)4-'%7" .%"

$4"Q4%7'(Y4"%-"D%4'(*":"^('%7"k)V47".%"$4"\-)V%(7).4."l48)*9
-4$".%"3*$*Q6)4"-*")-V*$&8(464"&-4"P(4-"84-').4.".%"'%A'*F"
$4" $%8'&(4" .%" &-" =474`%" .%" +/* H#@(* $%*P5%'#" .%" d%(P)*" T)'*$"
G=474`%"8&:4".)Q%-7)R-"467&(.4"%(4"Q;7"_&%"*6V)4I2"4$P&-47"
=(%P&-'47".%"84(;8'%("Y-')Q*"_&%"48'()8%7"7&7&((464-"4$"*Y.*"
.%"$*7"%7=%8'4.*(%7":"&-"=4(".%"=;((4E*7"8*-"'*-4$).4.")(R-)84"
7484.*7".%"`lll"2#"a,=#*+,"\,$(`,?"@!"4!0"'(=K("-&6".,),"
'%A'*" :" 8&4-.*" 546Y42" 7%" &7464" =4(4" 8*-E&-.)(2" 8*Q=$%`)/4("
*"8&%7')*-4(<"a(4-"=4('%".%$"')%Q=*"-*"546Y4"=4$46(472"-)".)9
8547"-)"=(*:%8'4.47<"T%(*"4"$47"=*847"5*(47".%"=(%7%-'4(7%"=*("
=()Q%(4"V%/2"%7'%"'(464`*":4"%7'464"48*Q=4]4.*".%"&-"'%A'*"
(4*-(+37,0"$(*5,0"2#+($$(2,0".#*1,!($?"@1+#"+#;+,"'(=K("132,"#19
8()'*"=*("&-"%7=%8'4.*("4$"74$)(".%"$4"E&-8)R-":"8*$*84.*"%-"
)-'%(-%'".*7".Y47".%7=&,7<

D*.*"=4(%8Y4"=(*P(4Q4.*"=*("%$"4/4(<"#$"Q),(8*$%7"@L".%"46()$".%"
@>1>" Q%" )-V)'4(*-" 4" =(%7%-'4(" &-" .*8&Q%-'4$" 7*6(%"pV%7" x$%)-"
%-"%$"3%-'(*"a4(8Y4"+;(_&%/".%"c*P*';<"s46$,"7*6(%"$4"(%V*$&9
8)R-"4/&$2"7*6(%"$*7"*(YP%-%7".%$"E%&R(&H#'8%2".%$"F($,*#&.2".%"$47"
)-7'4$48)*-%72".%$"V48Y*"8*Q*"'%(()'*()*".%"$4"=(*V*848)R-<"^$".Y4"
7)P&)%-'%2"%-"%$"Q)7Q*"7)')*2"546$,"7*6(%"T)-4"c4&7852"4"=(*=R7)'*"
.%$".Y4")-'%(-48)*-4$".%"$4".4-/4<"s46$,"7*6(%"$4".4-/4"'%4'(*2"$4"
(%=%')8)R-2"$47"(%$48)*-%7"%-'(%"$47")Q;P%-%7"%-"Q*V)Q)%-'*"P(49
64.47" :" $47" )Q;P%-%7" %-" Q*V)Q)%-'*" %-" V)V*2" )((%=%')6$%7<" \-47"
5*(47"Q;7"'4(.%2"%7'464"%-"$4"\-)V%(7).4."l48)*-4$".%"3*$*Q6)42"
=(%7%-8)4-.*" %$" b46*(4'*()*" .%" $4" Q4%7'(Y4" Z-'%(.)78)=$)-4()4" %-"
D%4'(*":"^('%7"k)V472"64`*"$4".)(%88)R-".%"U%4-9C(,.,()8"35%V4$$)%(<"
#$" 8Y(8&$*" 8*Q%-/464" 4" 8%((4(7%" :" V*$VY4" 4" 46()(7%<" l*" =%-7464"
)3+(*"-31"2,1"#;.#*3#!)3(1"(&+,=3,5*/4)(1".*#73(1?"L#*,"$,"13#!+,0"
-*"7%"=&%.%"P&4(.4(".)7'4-8)4"%-"&-4"4V%-'&(4"8*Q*"$4"_&%"V)VY"%$"
`&%V%7"@M".%"46()$"4"$47"7%)7":"'(%)-'4".%"$4"'4(.%"%-"%$"74$R-"@>M".%$"
#234)3,"2#"^31#`,"S*/4),?"P"!,"1#".&#2#".,*%&#"#$"+*(=(C,"-31-,"
)-V)'464"4"&-"V)4`%"4"'(4V,7".%"$4"=%(8%=8)R-":".%"$*7")-7')-'*7"%-"

?>
 $*7"_&%"-*7*'(*72"$*7"%7=%8'4.*(%72"%7';64Q*7")-V*$&8(4.*72"Q;7"
4$$;".%"$4"7)Q=$%"%A=%()%-8)4"(48)*-4$<
K:T"C*O#'$&(*3(H%&(*3%,9*T"5%'*%)8&5F5A*%).%*.%7.(9*=#8%*"'*
H5'"85()(* ,* %7.%')(* &%8"%'.(* $%* /()* $5R%&%'.%)* #8('.%85H5%'.()*
T"%*8(HE('C#'*%/*H('.#S%>M*
^$"$$%P4("4"84742"5hQ%.*2"64]4.*"%-"(%8&%(.*7":"%-"$*7"(%7'*7"
.%" $4" $$&V)42" Q%" .)" 8&%-'4" .%" _&%" %$" '(464`*" Gn%$" '(464`*oI" _&%"
4846464".%"V%("7%"$$4Q464"B#*H%/#'8(/C#*)%*'".&%*$%*)"*E&(E5#*
5HE(.%'85#<"#-'*-8%7"%-'%-.Y"$*"_&%"Q%"=47464<"#-'%-.Y"=*("_&,"
546Y4" 74$).*" 5&:%-.*2" 847)" 7)-" .%7=%.)(Q%" .%" -4.)%2" 8*-"pV%7"
x$%)-":"T)-4"c4&785":"U%4-9C(,.,()8"35%V4$$)%("%-'(%"=%85*":"%79
=4$.4<"#-'%-.Y"_&%"7Y2"_&%"8$4(*2"_&%"$4"Q%$4-8*$Y4"7%"-&'(%".%"7&"
.*,.3("3-.,+#!)3("6"6,"'(=K("132,"7K)+3-("2#"&!("(5*#13<!":(9
P(4-'%".%$"=474.*2".%"&-4"7%-748)R-".%Q47)4.*"=(*E&-.42".*-.%"
7%" Q%" 8(&/4(*-" $*7" 846$%7" .%" $4" Q%Q*()4" :" Q%" 7%-'Y" 4P*'4.*2"
Q4-)_&Y"7)-"6(4/*7":"7)-"=)%(-472"%-'%-.Y":"48%=',"8RQ*"%7'%"')=*"
.%"4(6)'(4()%.4.%7"4('Y7')847"=&%.%-"7%(")-8RQ*.47"=4(4"$4"P(4-"
Q4:*(Y42"8*Q=(%-.Y"=*("_&,"$47"%V)'4Q*7":2"4$"Q)7Q*"')%Q=*2"$47"
=*.%Q*7"V4$*(4("7)-"(%7%(V472"=*(_&%"7Y2"=*(_&%"7*-"V)4`%7"548)4"
%$".%$)()*".%"$47"7*Q6(472"548)4"$*7"6%7*7"(*64.*7":"$*7"4Q*(%7"
$*8*72"7*-"=)%/47"E(48'4$%7".%$"5*((*(":".%"$4".)8542".%"$47"8&4$%7"
74$)Q*7"4)(*7*72"$&%P*".%"7&Q%(P)(-*72"7)-"%784E4-.(4<"\-4"5*(4"
.%7=&,72" '(47" $4" 5&).42" $$%P&," 4" 8474" :" $*7" '&6*7" .%$" 4P&4" %7'49
64-"(*'*7<"s46Y4"_&%"$$4Q4("4$"=$*Q%(*<"l*"Q%"Q*$%7'R"_&%"7%"
5&6)%(4-"(*'*"$*7"'&6*7".%$"4P&4".%"Q)"4=4('4Q%-'*<"#(4"4=%-47"
%-'%-.)6$%<H?

#7" )-'%(%74-'%" -*'4(" 4_&Y" _&%" $4" =()Q%(4" =4('%" .%$" '%A'*"
1#" (1#-#C(" (" $," %&#" )($34)/=(-,1" 2#" B&!)3,!(-3#!+," 28=3$"
Q)%-'(47"$4"7%P&-.4"G4"=4(')(".%"i%$"8Y(8&$*"8*Q%-/464"4"8%9

H?
"s%"'%-).*"_&%"(%8*('4("647'4-'%"%$"'%A'*".%"d4-.(*"[*Q%(*"[%:<"
b4"V%(7)R-"8*Q=$%'4"8*-"%$"'Y'&$*"ib4"Q%$4-8*$Y4"7%"-&'(%".%"7&"=(*=)4"
)Q=*'%-8)4"N>W>?W@>1>j"7%"%-8&%-'(4"%-F"5''=FWW6*P*'4<V)V%<)-W6$*P7W
6*P*'4W&-t4(')8&$*<=5=o).t6$*PuNJN>MMMv).t(%8&(7*u?H>>@>>KK

+/*.%#.&(*=(, ?1 U%4-9C(,.,()8"35%V4$$)%(
 !"#$%&'()*$%*+')#,(*-%#.&#/

((4(7%jI"7%"48%(84"4"$*"_&%"$$4Q;64Q*7"&-"'%A'*"E&%('%<"\-4"
46(%":".%`4"=474(f"$4"*'(4"4(Q4":"%Q=&`4<"T%(*"E&%(4".%"%7'*7"
.*7"=4(4$%$*72"%$"'%A'*"%-"$4"%78%-4":"%$"'%A'*".%$"%7=%8'4.*("
=4(%8%-"'%-%("8*-7)7'%-8)47":"=(*=R7)'*7"647'4-'%".)E%(%-'%7<"
#$"'%A'*"%-"%$"%78%-4()*"8&%7')*-4"*"=(*8&(4"4P&.)/4(":"=(*E&-9
.)/4("$47"=(%P&-'47"e$$4Q,Q*7$47"*-'*$RP)847e"_&%"&-*":4"
')%-%<"^"84Q6)*2"%$"'%A'*".%$"%7=%8'4.*("6&784"%A=*-%("$4"%A9
=%()%-8)4".%"&-*2"4"V%8%7"%A=$)84("%$"7%-').*"*"$4"4&7%-8)4".%"
7%-').*"_&%"')%-%"%7'4"%A=%()%-8)4":2"%-"8)%('*7"847*72"=$4-'%4("
-&%V47"(&'47"=4(4"$4"488)R-".%"&-*"8*Q*"=%(7*-4<"
^7Y2"8&4-.*"7%"(%8&((%"4"$47"=4$46(47"%-"%78%-42"$4"E&-8)R-"
.%$"'%A'*"')%-.%"4")-'%((*P4(":"=*-%("%-".&.42"Q)%-'(47"$4".%$"
'%A'*"=(*.&8).*"=*("%$"%7=%8'4.*("G8&4-.*"%$"%7=%8'4.*("=(*9
2&)#"&!"+#;+,X"),!131+#"#!".*,.,!#*"6"(4*-(*?"b!,"2#),!1+*&9
:%2"*'(*"(%%-74Q6$4f"&-*".%Q&$')=$)842"*'(*"5)$4<"b4".)E%(%-8)4"
.%" E&-8)*-%7" %7'4(Y4" 8*-'%-).4" %-" %7'4" 7&%('%" .%" =*%7Y4" _&%"
s4Q$%'"%78()6%"4"gE%$)4F

T*-"%-".&.4"_&%"$47"%7'(%$$47"7*-".%"E&%P*2
=*-"%-".&.4"_&%"%$"7*$"P)(42
=*-"%-".&.4"$4"V%(.4."Q)7Q42"
Q47"-*".&.%7"_&%"'%"4Q*<HH

#$" =(*-*Q6(%97&`%'*" i'hj" =%('%-%8%(Y4" 4$" '%A'*" %-" %78%-4"

:" %7'4(Y4" .)()P).*" 4$" %7=%8'4.*(F" i=*-" %-" .&.4j<" #$" =(*-*Q9
6(%" i:*j" 7%" %-&-8)4(Y4" .%7.%" %$" '%A'*" .%$" %7=%8'4.*(2" 8*Q*""
%7'%"i:*"4Q*j"e&-4")-78()=8)R-".%$".%7%*"%-"%$"=(%7%-'%<

HH
"{)$$)4Q"d54X%7=%4(%2"b#H/%.2"48'*"ZZ2"%78%-4"@2"'(4.&88)R-".%$"
4&'*(<

?@
 .)$#0%&,%#6.,'.1%#2(0$7$.)$.,'.1%#2(06#0%&,%#

#$"(%=47*"=*("%7'47"'(%7"=4$46(479=%(*P(&$$4.47".%$"'%4'(*"G%79
=%8'4.*(2"48'*(":"'%A'*I"-*"%76*/4"&-4"84('*P(4EY4"'4-"8$4(4"-)"
'4-"-Y').4".%$"48*-'%8%("%78,-)8*"8*-'%Q=*(;-%*<"d)-".&.42"
54(Y4"E4$'4".%74((*$$4("'*.4VY4"Q&85*"Q;7"$*7"VY-8&$*7"$RP)8*7"
:" E&-8)*-4$%7" %-'(%" 84.4" &-*" .%" %7'*7" ',(Q)-*7" e%-'%-.%("
8*-"Q;7".%'4$$%"%$"Q*.*".%"*=%(4(".%$"'();-P&$*"_&%"%$$*7"5'*
$"%" 8*-E*(Q4-e<" d%P&(4Q%-'%" '4Q6),-" 7%(Y4" -%8%74()*" )-9
)$&3*"#1+(1"+*#1"!,)3,!#1"#!"#$"-(*),"2#"&!("*#:#;3<!"-/1"5#9
-%(4$"48%(84".%$"P%7'*"'%4'(4$F"-*"5%Q*7"Q%-8)*-4.*"4$".)(%89
'*(".%"%78%-42"'4Q=*8*"4$"(%7'*".%"$*7"4(')7'47"_&%"$*"4:&.4-"
=4(4" 8*-8%6)(" =()Q%(*" :" $&%P*" 8*-7'(&)(" &-" Q*-'4`%" '%4'(4$F"
%78%-RP(4E*2"V%7'&4()7'42")$&Q)-4.*(2"Q&7)84$)/4.*(2"V).%*479
'42"%'8<"s%"4_&Y"$4P&-47"_&%"(%7'4-"%A54&7')V).4."4$"4-;$)7)7<"
T%(*"%$"V%(.4.%(*"'4$R-".%"^_&)$%7".%"%7'%"%7'&.)*".%$"%79
=%8'4.*(2"%$"48'*(":"%$"'%A'*"(4.)84"%-"*'(4"=4('%2"%-"&-4"=*7)9
6$%"8*-'(4.)88)R-"%-'(%"$4"5)=R'%7)7")Q=$Y8)'4"%-"%7'%"%7'&.)*"
G=4(4"_&%"E&-8)*-%"%$"'%4'(*"4"'*.4"=*'%-8)4"54:"_&%".%`4(".%"
4C(*"2#"(!+#-(!,"1&1"B&!)3,!#1X"6"$("1#*3#"2#",=1#*7()3,!#1"("
$(1"%&#"4!($-#!+#"1#"$$#5(>"#$"#B#)+,"2#$"+#;+,","2#")(2("&!("
.%" $47" Q*.4$).4.%7" 48'*(4$%7" 7*6(%" %$" %7=%8'4.*(2" )-8$&7*" %$"
%E%8'*".%"$4"$$%P4.4".%$"%7=%8'4.*("4$"'%4'(*"=&%.%-"7*-4("4"
B&!)3,!#1"=(1+(!+#"4C(2(1?"NT<-,"),!)3$3(*".&#10"$("(.#*+&*("
*#373!23)(2("G1&")(*/)+#*"!,".*#2#)3=$#X"),!"$("(4*-()3<!"2#"
_&%"%A)7'%"&-4"(%$48)R-"G=(%.%8)6$%I"%-'(%2"=*("&-"$4.*2"$4"Q49
-%(4"8*-"$4"8&4$"%7';"8*-7'(&).*"%$"48*-'%8%("%78,-)8*":2"=*("
*'(*" $4.*2" $*7" %E%8'*7" %A=%()Q%-'4.*7" =*(" $*7" %7=%8'4.*(%7o"
n3RQ*"8*-`&P4("$4"-%8%7).4.".%"$*")Q=(%V)7)6$%".%-'(*".%"&-"
Q%84-)7Q*"_&%"=4(%8%(Y4"7%("=(%V)7)6$%"%-"8&4-'*"4"$*7"%E%89
'*7"_&%"=(*.&8%2"*2"=*("$*"Q%-*72"%-"8&4-'*"4"$4"Q4-%(4".%"
=(*.&8)("%7'*7"%E%8'*7o"#$"=(*6$%Q4"%7"'4-'*"Q;7"8*Q=$)84.*"
.%"(%7*$V%("%-"$4"Q%.).4"%-"_&%"5*:"%-".Y4"e:"$*"(%8&%(.4"

+/*.%#.&(*=(, ?N U%4-9C(,.,()8"35%V4$$)%(
 !"#$%&'()*$%*+')#,(*-%#.&#/

),!"(5&2#I("Q()%&#1"a(!)3c*#A"H$("#4)()3("#1+8+3)("135!34)("
$("#4)()3("2#"$("1&1.#!13<!"2#"+,2("*#$()3<!"23*#)+("#!+*#"$("
=(*.&88)R-".%"$47"E*(Q47".%$"4('%":"$4"=(*.&88)R-".%"&-"%E%8'*"
.%'%(Q)-4.*"7*6(%"&-"=h6$)8*".%'%(Q)-4.*j<HJ"B%"5%85*2"7)"
(',*("$(1"(*+#1"1#"7&#$7#!"),!73!)#!+#1"G($)(!I(!")3#*+("#49
848)4"%7',')84I2"%7"=(%8)74Q%-'%"=*(_&%"-*"6&784-"8*-V%-8%("
G)Q=*-%("'4$"*"8&4$"%E%8'*"%7',')8*I<
b4"8*-'(4.)88)R-"7&%-4"4=*(,')84<"d)-"%Q64(P*2"&-"%$%Q%-9
'*".%"(%7=&%7'4"4=4(%8)R"4$"8*Q)%-/*".%"%7'%"4-;$)7)72"8*-"$4"
)-'%(%74-'%"8*-E%7)R-".%"[*.()P*"a4(8Y4<"#$".)(%8'*(".%"%78%-4"
%7=4]*$".%8Y4F"i#7"&-4"&'*=Y4"-%8%74()4"=4(4"7%P&)("'(464`4-.*"
=%-74("_&%"&-*"=&%.%"548%("4$P*"‚mƒ"4$"=h6$)8*j<HK"#7".%8)(F"
7&('%" %E%8'*7" %$" 5%85*" .%" 8(%%(" _&%" 7%" 7&(')(;-" %E%8'*7" Q)%-9
'(472"%-"(%4$).4.2"-*"7%"7&('%-"'4$":"8*Q*"7%"=$4-%R<"#$"48'*".%$"
`&)8)*"e.%"=4('%".%$"4(')7'4"%78,-)8*e"(%7).%"%-"%$"746%("_&%"
$*7"%E%8'*7").%4.*7".%7.%"$4"%78%-4"G%-"%$"')%Q=*".%"$*7"%-749
:*7I"7*-".)7')-'*7".%"$*7"%E%8'*7"_&%"7%"=(*.&8%-"%-"(%4$).4."%-"
84.4"%7=%8'4.*("G%-"%$"')%Q=*".%"$4"=(%7%-'48)R-"'%4'(4$I<"p"5%"
4_&Y"&-4"i&'*=Y4"-%8%74()4j"=*(_&%"548%"E4$'4"=%-74("$4"8*-79
'(&88)R-".%$"%V%-'*"%78,-)8*"%-"',(Q)-*7".%"%E%8'*7"%7',')8*7"
=(*.&8).*7"%-"%$"%7=%8'4.*(<"#7"$4"Q4-%(4"_&%"'%-%Q*72"5*:2"
.%".)7')-P&)("_&,"%$%Q%-'*7"7%"%78*P%-"=4(4"8*Q=*-%("&-4"%79
8%-4<"p"%7"'4Q6),-"-%8%74()*"_&%"7%4"&-4"i&'*=Y4j"e:"_&%"7%"
&6)_&%"8*Q*"'4$e"=*(_&%".%"*'(4"Q4-%(4"%$"'%4'(*"7%"V*$V%(Y4"
*'(4"V%/"&-4"Q4_&)-4()4"".%")Q=*7)8)R-"7)-"-)-P&-4"=%(')-%-8)4"
4('Y7')84<"d)"%$".)(%8'*("".%"%78%-42"*"6)%-"%$"48'*("8(%:%(4"_&%"$*"
_&%",$").%R"=(*.&8)("%7"$*"_&%2".%"V%(.4.2"7%"=(*.&8%2"7&"'(4649
`*".%`4(Y4"%-7%P&).4".%"=(*.&8)("%E%8'*7"e$4")Q=*7)8)R-"7&%$%"
7%(" 8*-'(4=(*.&8%-'%e<" #-" *'(*7" ',(Q)-*72" %$" 4(')7'4" -%8%7)'4"

HJ
" U48_&%7" [4-8)‡(%9* B%* )E%8.#.%"&* %H#'85E<2" b4" C46()_&%2" T4(Y72"
@>>L2"=<"J1<
HK
"[*.()P*"a4(8Y42"iD%4'(*"=4(4"(%7)7')(j2"(E>*85.>9"=<"11><

??
7%("8*-78)%-'%".%"$*"%((R-%*".%"7&")-'%-8)R-2".%$"84(;8'%(")$&7*9
()*".%"%$$4<"#7"8*-"%7'4"8*-.)8)R-"_&%2"%-"%$"48*-'%8%("'%4'(4$2"
7%"46(%-"%$"')%Q=*":"%$"%7=48)*"4"$*")Q=(%V)7)6$%":"$*")-%7=%(4.*"
:"_&%"%7'4".*6$%"4=%('&(4"7%"V&%$V%"&-4"/*-4"%7=48)*9'%Q=*(4$"
.%"48')V).4.".%$"%7=%8'4.*(<
T%(*".%8)("%7*"'4Q=*8*"(%7&%$V%"=*("8*Q=$%'*"$4"4=*(Y4<"
+;7"6)%-2"548%"4=4(%8%("&-4"-&%V4"8*-'(4.)88)R-<"#-"%E%8'*2"
7%"(%8&%(.4"_&%"[*.()P*"a4(8Y4"%-')%-.%"Q4-%`4("4"$*7"%7=%89
'4.*(%7".%"'4$"E*(Q4"_&%".)()`4-"7&"Q)(4.4"4$$Y".*-.%2".&(4-'%"
'*.*"%$".Y42"-*"54-"_&%().*"Q)(4(<"#$".)(%8'*(".%"%78%-4"'(464`4"
8*-"$4")$&7)R-".%"_&%"8*-7%P&)(;"548%("_&%"$*7"%7=%8'4.*(%7"
Q)(%-"548)4".*-.%"-*"_&%(Y4-<"^5*(4"6)%-2"7%"54"Q%-8)*-4.*"
%$"5%85*".%"_&%"%$"%7=%8'4.*("%(4"&-4"7&%('%".%"5&,7=%."_&%"
7)(V%"=4(4"7%("7%(V).*<"d%"54"=(%8)74.*"'4Q6),-"_&%2"&-4"V%/"
_&%"54:4"7).*"48*P).*":"_&%"7%"$%"54:4".4.*"&-"$&P4(".%7.%"
#$" )&($" 1,1+#!#*" #!" ),!4(!I(" 1&" -3*(2(0" #$" 1#*73*$," 3-.$3)("
%A)P)($%"&-"=*8*"Q;7<"y&%"%$"%7=%8'4.*("7%"7)%-'4"6)%-"=4(4"
7%-')("E48)$)'4"_&%"7)%-'4"$*"_&%"-*"_&%(Y4"7%-')(<"T%(*"%7*"-*"
=(1+(?"@1+("#;.$3)()3<!"!,"#1"1&4)3#!+#".(*("*#2&)3*"#$"+(-(`,"
.%"$4"8*-'(4.)88)R-F"=*("&-"$4.*2"7%"7)(V%"4$"%7=%8'4.*(":2"=*("
*'(*2"7%"$%"=).%"548%("%7#8.#H%'.%"$*"_&%"-*"_&)%(%<
T%(*"%7'4Q*7"%-"%$"%-'%-.).*".%"_&%"%$"4.V%(6)*"i%A48'49
Q%-'%j"%7"&'R=)8*"e%7"&-4"i&'*=Y4"-%8%74()4je<"p""I.(E()"
135!34)("13!"H+,.,1J0"13!"$&5(*?"@1"2#)3*>"$("2#+#*-3!()3<!"2#"
8&(V4("$4"Q)(4.4"%7"&-4")-'%-8)R-"_&%"-*"4=&-'4"4"-)-Ph-"$&9
P4(".%'%(Q)-4.*<"#7".%8)("'*.4VY4F"7%"_&)%(%"_&%"%$"%7=%8'4.*("
_&)%(4"_&%(%("Q)(4("548)4".*-.%"-*"_&%(Y4"7)-"746%("8*-"8%(9
'%/4".R-.%"%7';"%7%"$&P4("_&%"-*"_&%(Y4"Q)(4(<"b4"*=%(48)R-"
%7"&9'R=)84"%-"%7'%"7%-').*F"4=&-'4"548)4"&-"$&P4("7)-"$&P4(<"p"
.)85*"%7*2"7%"(%7&%$V%"=4('%".%"$4"8*-'(4.)88)R-<"b4")-'%-8)R-"
.%" 8&(V4(" $4" Q)(4.4" -*" =(%%7'46$%8%" -4.4" .4.*2" :4" _&%2" %-"
(%4$).4.2" -*" 7%" 746%" %-" _&," .)(%88)R-" 8&(V4($4<" l*" 7%" ')%-%"
$47"8**(.%-4.47".%$"i'*=*7j<"p"$4")Q=*7)6)$).4.".%"4=&-'4("%-"

+/*.%#.&(*=(, ?H U%4-9C(,.,()8"35%V4$$)%(
 !"#$%&'()*$%*+')#,(*-%#.&#/

.)(%88)R-".%$"$&P4("(%4$"_&)'4"4$"P%7'*"'%4'(4$"8*-'%Q=*(;-%*"
$*"_&%"5&6)%(4"=*.).*"%-'%-.%(7%"4"=()Q%(4"V)7'4"8*Q*"&-4"
)Q=*7)8)R-<"#7"=*(_&%"%$"i%A48'4Q%-'%j"E4$$4"_&%"$*".%Q;7"7%"
=&%.%<"l*"7%"*6$)P4"4$"%7=%8'4.*("4"548%("$*"_&%"-*"_&)%(%"
=*(_&%" -*" 7%" 746%" i%A48'4Q%-'%j" _&," %7" $*" _&%" -*" _&)%(%<"
B%"5%85*2"-&Q%(*7*7"7*-"$*7"%7=%8'4.*(%7".%"[*.()P*"a4(8Y4"
_&%2"$%`*7".%"7%-')(7%"*6$)P4.*7"8*-'(4"7&"V*$&-'4.2".)7E(&'4-"
=$%-4Q%-'%" 7&7" =&%7'47" %-" %78%-4F" -*" %A=%()Q%-'4-" 7&E()9
Q)%-'*"7)-*"=$48%(":"`h6)$*<"\-"7%(V).*("%7".%"%$$*7<
#7"_&%"$4"8*-'(4.)88)R-"7%"(%7&%$V%"%-"$4"=(;8')84F"$4"h-)84"
Q4-%(4"_&%"')%-%"%$".)(%8'*("%78,-)8*".%"4=(*A)Q4(7%"4"%7'%"
$&P4(" .%$" 8&4$" -*" ')%-%" $47" 8**(.%-4.47" %A48'47" %7" V*$V%(7%"
%7=%8'4.*(<"p"%7*"7Y"')%-%"$&P4(<"d%"54"8)'4.*"V4()47"V%8%7"4$"
.)(%8'*(".%"%78%-4"[*Q%*"347'%$$&88)<"^5*(4"$%4Q*7"$*"_&%",$"
4-*'4".%7=&,7".%"546%("=(%7%-8)4.*"%$"%-74:*".%"&-4".%"7&7"
*6(47"e*'(*"'%A'*".%$"%7=%8'4.*("%-'*-8%7F

B&(4-'%" %$" =()Q%(" %-74:*" .%" 15"/5(* !%)#&%2" 8&4-.*" $4" =4-84('4"
G8*-"%$"'%A'*F"i%7*"-*"%7"&-"48'*(jI"64`4"7*6(%"%$"8&%(=*".%"3()79
')4-42"$$*(,"4"%78*-.).47<"s4:"4$P*")-%A=(%746$%2"4$P*"_&%"V&%$V%"
%7'4"=%_&%]4"E(47%"&-4"E(47%"84(P4.4".%"&-4"E&%(/4"7*6(%5&Q4-42"
Q&:" '()7'%2" :" 8*-" &-4" =(*E&-.4" V%(.4." _&%2" 7)-" %Q64(P*2" -*" 7%"
#!+3#!2#?"T,-,"&!("1#!1()3<!"4!($"2#"+,2("$("'&-(!32(20"1,$(0"
E(%-'%"4"$*7"Q)$%-4()*72"8*-"7&"=*6(%")-7'(&Q%-'*2"h-)8*":"8*-E&7*2"
8*Q=$%'4Q%-'%")-h')$F"$4"=4$46(4<HL

^_&Y"7%"=&%.%"&74("$47".)7')-'47"-*8)*-%7"_&%"=(*=&7)Q*7"
%-"8&4-'*"4$"48'*(2"4$"%7=%8'4.*(":"4$"'%A'*<"#$"8&%(=*".%"3()79
')4-4" E&-8)*-4" =()Q%(*" 8*Q*" 8"%&E(* )5'@"/#&" :2" :4" 8&6)%('*"
=*("$4"=4-84('42"8*Q*"8"%&E(*#H5'(&#$(<"#$"%7=%8'4.*("G3479

HL
" [*Q%*" 347'%$$&88)2" B%)* E</%&5')* $%* /#* H#.5t&%2" c%74-†*-2" b%7"
d*$)'4)(%7"Z-'%Q=%7')E72"@>>12"=<"MK<

?J
'%$$&88)I"%A=%()Q%-'4"&-4"7%-748)R-"G$$*(4"=&%7I":"$&%P*"'(4'4"
.%".4("4"%74"7%-748)R-"&-"7%-').*"G546$4".%"&-4"i7%-748)R-"
4!($"2#"+,2("$("'&-(!32(2JX?"@$"+#;+,"#!"#1)#!("G$(".(!)(*+("
_&%".)8%"i%7*"-*"%7"&-"48'*(jI"V&%$V%"Q;7"*78&(4"$4"%A=%()%-9
8)4"%2")-8$&7*"4_&Y2"$4"=(%P&-'4"_&%"7*7')%-%2"8*Q6)-4.4"8*-"
%$"8&%(=*"7)-P&$4(2"P%-%(4"4$P*".%".)7*-4-8)4<"B%"5%85*2"Q;7"
4.%$4-'%"%-"7&7"4-*'48)*-%7"G%7".%8)(2"*'(4"V%/2"%-"%$"'%A'*".%$"
%7=%8'4.*(I2"347'%$$&88)"%A=$)84".%"%7'4"Q4-%(4"%$"=*(_&,".%"
7&"(%=%-')-*"$$4-'*<
s%"4_&Y"$*"_&%"E4$'464"4"%7'%"=(%7%-'%"4-;$)7)7F"7)"%A)7'%-"V49
()47"Q*.4$).4.%7"48'*(4$%7":".)7')-'47"-4'&(4$%/47".%"'%A'*72"54:"
'4Q6),-".)E%(%-'%7"')=*7".%"%7=%8'4.*(%72"*"=*("$*"Q%-*72".*7F"
%$"#&.5).#I%)E%8.#$(&":"%$"%)E%8.#$(&I#&.5).#?"@$".*3-#*,"-,234)("
$4"%78%-4"547'4":4"-*"_&%(%("548%($*2"=*(_&%2"7)P&%"347'%$$&88)2"
7%"4$84-/R"&-4"7&%('%".%"i7&=(%Q48Y4".%"$4"%A=%()%-8)4jHM"7%-9
7*()4$<"#$"#&.5).#I%)E%8.#$(&"-,234)("#$"(),!+#)3-3#!+,"+#(+*($"
547'4" -*" _&%(%(" Q;7" _&%" 7%-')(<" T*(_&%" $$*(R" :" 7&" $$4-'*" E&%"
K!+3-,"G1#"+&7,"%&#"#1),!2#*X0"6("!,"!#)#13+("-,234)(*"$("#19
8%-4<"p" 4$" 7&Q%(P)(7%" 4" 7&" V%/" %-" %7'4" %A=%()%-8)4" 7%-7*()4$2"
%$"7%P&-.*"%7=%8'4.*(2"%7".%8)("%$"%)E%8.#$(&I#&.5).#2"%Q=)%/4"
4" (%8*-7).%(4(" G.4(" 7%-').*" 4I" 7&" =(*=)4" %A)7'%-8)4<" #7" d4-.(*"
[*Q%(*"[%:2"%7=%8'4.*("=&%72"_&)%-2"4$"=(%7%-8)4("$4"E&-8)R-"
8&(V4"7&"Q)(4.42"$4"8&(V4"4('Y7')84Q%-'%<"#7",$"_&)%-2"4$"8&(V4($4"
47Y" 7%" V&%$V%2" .%" 8)%('4" Q4-%(42" 4(')7'4" .%" 7&" V).4" e(%8*(.%9
-,1"$("3**&.)3<!"4!($"2#$".$,-#*,"#!"1&")(1(A?"@1"+(-=38!"$("
%7=%8'4.*(4".%"6]T"5'#Ib#H/%."_&%".%8).%")-V%-'4("-&%V47"
E*(Q47".%"8*Q=*('4(7%"8*-"7&7"5)`*7<
#$"$YQ)'%"G%-"%$"7%-').*".%"$47"Q4'%Q;')847I"4$"8&4$"')%-.%"
%$" #&.5).#I%)E%8.#$(&" %7" V*$V%(7%" =&(*" %7=%8'4.*(" G=*(_&%" :4"
!,"'(6"!(2("%&#"-,234)(*"#!"$("#1)#!(X?"@$"$K-3+#"($")&($"1#"
48%(84"%$"%)E%8.#$(&I#&.5).#"8*-7)7'%"%-"464-.*-4("$4"E&-8)R-"

HM
"?$%H>

+/*.%#.&(*=(, ?K U%4-9C(,.,()8"35%V4$$)%(
 !"#$%&'()*$%*+')#,(*-%#.&#/

8*(()%-.*"=4(4"V*$V%(7%":4"%$"8(%4.*(".%"7&"V).4<"T%(*"-&-84"
7%" 4$84-/4" =*(" 8*Q=$%'*" %7'*7" .*7" $YQ)'%7<" d*-" '%-.%-8)472"
$4-8%72"(%4$%7"=*("8)%('*2"%-'(%"8*-'%Q=$48)R-":"488)R-<

+/*.%#.&(*=(,2
"'#*.5E(/(@C#*E()5F/%
7%"'%(Q)-R".%")Q=()Q)("%-"*8'&6(%".%"@>11"
%-"$*7"'4$$%(%7".%"gEE7%'"d4-')4P*2"d<"^<".%"3<"k<
#$"8&).4.*".%"$4"%.)8)R-"%7'&V*"4"84(P*"
.%,b%')8)4"a4(8Y4"\(()/42"%$"4&'*(":"s&P*"{)('5<
C*(Q48)R-":".)7%]*2"a4$.)"a*-/;$%/"d4$P4.*<
#$".)7%]*"%.)'*()4$"%7".%"U*7,"c%(-%85%4"Z'&(()4P4<"
#$"')(4`%"8*-7'4".%"@">>>"%`%Q=$4(%7<"

?L
! "#"$ %&'$ (")#'$ *+$ +,-.#%/')$ +/$ 0+&,'#.+&-"$ 1)2-.1"$
3$-+4).1"$+&$-")&"$'/$(+&4#+&"$-+'-)'/5$*+,*+$67785$
+/$ !+&-)"$ *+$ 9&:+,-.;'1.4&$ <+'-)'/$ ="*"/("$ >,.;/.$ ?!"#$%&
"'()@$3$!"#$%&'%(")$*%+',-#)"%.'/-0"1"%&'%2'")3$4%1"&:"A
1'&$'B"$1"&$'B"$'/$C)+#."$*+$D&,'3"$<+'-)'/E$F$0')-.)$*+/$
67G7$3$1"&$/'$0')-.1.0'1.4&$*+$53)'6*%+',-#)"%&'%7"#%53)'#%
8#091-0"#%*+$D,0'B'4%+/$C)+#."$'*H%.).4$1')I1-+)$.&-+)&'A
1."&'/$'/$'J).),+$'$/'$0')-.1.0'1.4&$*+$+,1).-")+,$*+$1%'/A
H%.+)$0')-+$*+/$#%&*"$3$'/$0%J/.1')$/",$+&,'3",$;'&'*")+,$
*+$#'&+)'$,.#%/-I&+'$+&$KLM.1"$3$D,0'B'E
D/$+&,'3"$;'&'*")$+&$+,-'$+#.,.4&$*+/$C)+#."5$!"#$%&$'(#
)(*+#,-&#$./("(01&#/(2.3"%4!"#$!"%&#'()&!"#!#*'#+,!-!.$/A
,"("$ ()'&1L,$ N+'&AO)L*L).1$ !P+:'//.+)5$ 0)+,+&-'$ %&'$ .&-+A
)+,'&-+$ 3$ ").;.&'/$ )+:.,.4&$ ,"J)+$ /',$ (%&1."&+,$ H%+$ +&$ /'$
'1-%'/.*'*$ 1%#0/+&$ /",$ -)+,$ 0).&1.0'/+,$ +/+#+&-",$ '$ /",$
H%+$,%+/+$)+(+).),+$1%'&*"$,+$P'J/'$*+/$(+&4#+&"$-+'-)'/Q$
+/$ '1-")5$ +/$ -+M-"$ 3$ +/$ +,0+1-'*")5$ 1"#+&R'&*"$ 0")$ L,-+$
*'*'$/'$1)+1.+&-+$.#0")-'&1.'$H%+$-.+&+$+&$+/$-+'-)"$P"3E
!"#$%&'()('*+, -."/#00*"'! #*(0"%/! .$)*)12,3! *)'%)$)42,! -!
-+'-)"$'$&.:+/$#'+,-)2'$3$+,$*"1-")$0")$/'$>&.:+),.*'*$*+$
/'$ S")J"&&+$ T"%:+//+$ ?C')2,@E$ U'$ )+'/.R'*"$ #"&-'V+,$ +&$
O)'&1.'5$KLM.1"5$D1%'*")5$>)%;%'35$D,0'B'$3$/'$9&*.'E$U'$
.#0')-.*"$1/',+,$+&$*.:+),',$.&,-.-%1."&+,$*+$KLM.1"5$+&-)+$
+//',$/'$O'1%/-'*$*+$O./","(2'$3$W+-)',$*+$/'$%')*+$D,$0)"(+A
,")$.&:.-'*"$+&$/'$>&.:+),.*'*$T'1."&'/$*+$!"/"#J.'$3$/'$
>&.:+),.*'*$*+$N'*':0%)$+&$9&*.'E$S%,$+&,'3",$#I,$)+1.+&A
-+,5$0%J/.1'*",$+&$KLM.1"5$O)'&1.'5$9&*.'5$9-'/.'5$XL/;.1'5$
!'&'*I$ 3$ !"/"#J.'5$ J%,1'&$ 0+&,')$ /'$ 0",.-.:.*'*$ *+$ %&$
-+'-)"$(%+)'$*+/$#')1"$*+$/'$)+0)+,+&-'1.4&$3$*+/$*)'#'E

EDICIONES Y PRODUCCIONES
ESCÉNICAS Y CINEMATOGRÁFICAS, A. C.