Vous êtes sur la page 1sur 258

Analyse morphologique et biomécanique de l’épaule et

du membre supérieur des enfants avec une paralysie


obstétricale du plexus brachial : impact sur les
thérapeutiques
Christelle Pons

To cite this version:


Christelle Pons. Analyse morphologique et biomécanique de l’épaule et du membre supérieur des en-
fants avec une paralysie obstétricale du plexus brachial : impact sur les thérapeutiques. Médecine
humaine et pathologie. Université de Bretagne occidentale - Brest, 2018. Français. �NNT :
2018BRES0083�. �tel-03506205�

HAL Id: tel-03506205


https://theses.hal.science/tel-03506205
Submitted on 2 Jan 2022

HAL is a multi-disciplinary open access L’archive ouverte pluridisciplinaire HAL, est


archive for the deposit and dissemination of sci- destinée au dépôt et à la diffusion de documents
entific research documents, whether they are pub- scientifiques de niveau recherche, publiés ou non,
lished or not. The documents may come from émanant des établissements d’enseignement et de
teaching and research institutions in France or recherche français ou étrangers, des laboratoires
abroad, or from public or private research centers. publics ou privés.
THESE DE DOCTORAT DE

L'UNIVERSITE
DE BRETAGNE OCCIDENTALE
COMUE UNIVERSITE BRETAGNE LOIRE

ECOLE DOCTORALE N° 605


Biologie Santé
Spécialité : Analyse et traitement de l’information et des images médicales

Par
Christelle PONS

Analyse morphologique et biomécanique de l’épaule et du membre


supérieur des enfants avec une paralysie obstétricale du plexus
brachial: impact sur les thérapeutiques.
Thèse présentée et soutenue à Brest, le 5 décembre 2018
Unité de recherche : LaTIM INSERM UMR 1101

Rapporteurs avant soutenance : Composition du Jury :


Laurence CHEZE Professeur, Université Lyon 1 Laurence CHEZE Professeur, Université Lyon 1

Franck FITOUSSI Professeur, Université Pierre et Franck FITOUSSI Professeur, Université Pierre et Marie
Marie Curie Curie

Présidente du Jury
Marie-Agnès GIROUX-METGES Professeur, Université
Bretagne Loire

Raphael GROSS Maître de conférences, Université


Bretagne Loire

Directeur de Thèse
Sylvain BROCHARD Professeur, Université Bretagne Loire

Co-Directrice de Thèse
Valérie BURDIN Professeur, Institut Mines Telecom
"#$#%&'#$#()*!

"#$%&!'!()*(#+!%#,,#+!#(!%#*-!.*&!/0)1(!+)*(#1*#!2*$31(!%#+!.*3($#!3114#+!2#!(56+#7!!
!
"#$%&!'!89,:3&1!;$)%53$2<!=$)>#++#*$!'!,0*1&:#$+&(4!;$#(3?1#!@)&$#<!2&$#%(#*$!2#!(56+#<!.*&!3!
3%%#A(4! 2#A*&+! A,*+! 2#! B! 31+! 2#! /03&2#$! 231+! /3! >)$/3(&)1! +%&#1(&>&.*#! #(! /42&%3,#7! 8)1!
#1(5)*+&3+/#! '! ()*(#! 4A$#*:#! 3++)%&4#! '! *1#! $&?*#*$! 1)1! 14?)%&3C,#! /0&/A$#++&)11#$)1(!
()*D)*$+7!"#$%&!'!,*&!A)*$!+3!A3(&#1%#<!+3!2&+A)1&C&,&(4!#(!+)1!+)*(&#17!!!
!
"#$%&! '! E3,4$&#! ;*$2&1<! =$)>#++#*$#! '! ,0F1+&(*(! "&1#+! G#,#%)/<! 2&$#%($&%#! 2#! (56+#<! A)*$! +3!
C&#1:#&,,31%#<! +3! 2&+A)1&C&,&(4! #(! +)1! 3&2#! .*&! /03! 4(4! A3$(&%*,&6$#/#1(! *(&,#! ,)$+! 2#+!
.*#+(&)11#/#1(+!+*$!,3!+#?/#1(3(&)17!!
!
"#$%&!3*!=$)>#++#*$#!@3*$#1%#!H56I#<!=$)>#++#*$#!'!,0J1&:#$+&(4!@9)1!K<!.*&!3:3&(!24D'!4(4!
$3AA)$(#*$!A)*$!/)1!/4/)&$#!2#!/3+(#$!L<!203:)&$!3%%#A(4!20M($#!'!1)*:#3*!$3AA)$(#*$!A)*$!
%#((#! (56+#! #(! /#/C$#! 2*! D*$97! E)($#! #-A#$(&+#! #1! C&)/4%31&.*#! 2#! ,04A3*,#! #1$&%5&$3! %#!
($3:3&,7!!
!
"#$%&! 3*! =$)>#++#*$! N$31%O! N&()*++&<! =$)>#++#*$! '! ,0J1&:#$+&(4! =&#$$#! #(! "3$&#! H*$&#! 203:)&$!
3%%#A(4!20M($#!$3AA)$(#*$!#(!/#/C$#!2#!D*$97!@3!,#%(*$#!#(!,04:3,*3(&)1!2#!%#!($3:3&,!A3$!*1!
%5&$*$?&#1!)$(5)A42&.*#!#+(!*1!5)11#*$7!!
!
"#$%&!3*!=$)>#++#*$#!"3$&#!P?1#+!Q&$)*-!"#(?#+!#(!3*!R)%(#*$!S3A53#,!Q$)++!.*&!/0)1(!>3&(!
,05)11#*$!203%%#A(#$!20M($#!/#/C$#!2*!D*$97!!
!
"#$%&!3*-!/#/C$#+!2#!,04.*&A#!2*!@3GF"!.*&!/0)1(!3&24#!,)$+!2#+!2&>>4$#1(+!($3:3*-!2#!%#((#!
(56+#<!"3(5&#*!@#/A#$#*$<!;5*+531!;)$)(&O3$<!=&#$$#TU#1$&!H)1I#<!"3$%!Q3$#(&#$<!R)*$3&#2!
;#1!83,#/!#(!P+/3!83,5&7!!
!

! #!
"#$%&!'!,04.*&A#!3/4$&%3&1#!2*!NP;!A)*$!,3!%),,3C)$3(&)1!#1$&%5&++31(#!,)$+!2#!/)1!/3+(#$!L!
#(!2#!/3!(56+#7!!
!
"#$%&!'!()*(#+!,#+!A#$+)11#+!3931(!3%%#A(4!2#!A3$(&%&A#$!3*!A$)D#(!=V=;()-<!&1:#+(&?3(#*$+<!
%5#>! 2#! A$)D#(<! 3((3%54#! 2#! $#%5#$%5#! %,&1&.*#! WR3*A5)*! X22&<! "4,31&#! =#,)*&1<! Y3(53,9!
Z*&1(#$)<!"3$&311#!P,&+)1<!Q$4?)&$#!,#!Q3,<!"32#,#&1#!P+,31<![#11&>#$!;3+(&#1<!Q&,,#+!R3*(#,<!
N,)$&31#!H),&1<!"3$&)1!R#,A)1(<!;$*1)!R)5&1<!"3$&#!P?1#+!Q3,,)9<!E&1%#1(!Q3*(5#$)1<!83,#/!
U3++31!P,!\5)*$9<!=3+%3,![#5311)!<!"4,31&#!\33+<!!V,&:&#$!=$)25)//#<!"4,31&#!=)$(#<!P11#!
Q3#,,#! =9<! U#,61#! S3*+%#1(<!! X/&,&#! S*/&,,9<! \3(5#$&1#! 831%5#I! ;3$$<! H3(5#$&1#! G$4?*&#$<!
=5&,&AA#!E&),3+!]7!!
!
"#$%&! '! ,04.*&A#! /42&%3,#! #(! A3$3/42&%3,#! 2#! G9! ^311! 203:)&$! 3%%#A(4! /#+! A$4+#1%#+! #1!
A)&1(&,,4!#(!/#+!24>3&,,31%#+!20)$?31&+3(&)1!%#+!2#$1&#$+!/)&+<!3:#%!*1#!A#1+4#!+A4%&3,#!A)*$!
@3#(&(&3<!P?3(5#<!E3,#1(&1#!#(!N$31%#7!!
!
X1>&1!/#$%&!'!/#+!3/&+!#(!/3!>3/&,,#<!'!/#+!2#*-!A#(&(+!C)1+5)//#+!#(!'!G5)/3+7!!
!
!
!

! $!
<#3$'(6'&()#2/=+'&(

F7!HVYGX_GX! `

1 Anatomie de l’épaule et du membre supérieur 9


K7K!@#+!)+ 10
K7K7K @3!%,3:&%*,# 10
K7K7L @3!+%3A*,3 10
K7K7a @05*/4$*+ 11
K7K7b @#!$32&*+ 11
K7K7c @0*,13 12
K7K7d V+!2#!,3!/3&1!#(!2*!A)&?1#( 12
K7L @#+!3$(&%*,3(&)1+ 12
K7L7K H)/A,#-#!3$(&%*,3&$#!2#!,04A3*,# 12
K7L7L!!!!!!!P$(&%*,3(&)1+!2*!%)*2# 15
K7L7a P$(&%*,3(&)1+!2*!A)&?1#( 16
K7L7b P$(&%*,3(&)1+!2#!,3!/3&1 16
K7a @#+!/*+%,#+ 16
K7a7K!"*+%,#+!&1(#$:#131(!231+!,3!/)C&,&(4!2*!/#/C$#!+*A4$&#*$ 16
K7a7L!N)1%(&)1!/*+%*,3&$# 18
K7b!@#!A,#-*+!C$3%5&3, 19

2 La paralysie obstétricale du plexus brachial 22


L7K!R#+%$&A(&)1!2#!,3!/3,32&# 22
L7L!P((#&1(#!/*+%*,)T+.*#,#((&.*#!2#!,04A3*,#!2#+!#1>31(+!3:#%!=V=; 24
L7L7K!H#$%,#!:&%&#*-!2#!,3!24>)$/3(&)1!/*+%*,)T+.*#,#((&.*# 25
L7L7L!P((#&1(#!/*+%*,3&$# 25
L7L7a!P((#&1(#!)++#*+# 28
L7a!=#$(*$C3(&)1!2*!/)*:#/#1(!%5#I!,#+!#1>31(+!3:#%!=V=; 29
L7b!e:3,*3(&)1!C&)/4%31&.*#!#(!>)1%(&)11#,,#!2#+!#1>31(+!3:#%!=V=; 31
L7b!G$3&(#/#1(+!%5#I!,0#1>31(!3:#%!=V=; 33
L7b7K!S442*%3(&)1 34
L7b7L!H5&$*$?&#+!1#$:#*+#+!A$4%)%#+ 35
L7b7a!H5&$*$?&#+!+#%)123&$#+!/*+%*,)T+.*#,#(&.*#+ 35
L7b7b!F1D#%(&)1+!2#!()-&1#!C)(*,&1&.*# 36

3 Synthèse de l’introduction 38

FF7!XGJRX!"VS=UV@VQFZJX!"J8HJ@PFSX!XY!FS"! bK

1 Article 1 : Quantification des volumes et des formes des muscles squelettiques chez
l'homme en IRM: revue systématique de validité et fiabilité. 42

2 Article 2 : Morphologie musculaire en IRM et fonction des muscles de l’épaule chez l’enfant
sain 85

! %!
3 Article 3 : Morphologie musculaire en IRM et fonction musculaire de l’épaule chez l’enfant
avec paralysie obstétricale du plexus brachial 98

FFF7!PYP@^8X!RJ!"VJEX"XYG!RJ!"X";SX!8J=XSFXJS! Kf`!
!
+%)'&,#!-!.!/0%0&)1%'*)'23#*!43!$536#$#()!)%'4'$#(*'5((#,!43!$#$7%#!*381%'#3%!&9#:!,#*!#(;0()*!
06#&!80%0,<*'#!57*)1)%'&0,#!43!8,#=3*!7%0&9'0,!#)!#(;0()*!06#&!416#,588#$#()!)<8'23#>!!

FE7!=XS8=XHGFEX8!RPY8!@0X_=@VSPGFVY!RX!@0X=PJ@X!XG!RJ!"X";SX!8J=XSFXJS!RX!
@0XYNPYG!PEXH!=V=;! Ka`!

1 Exploration IRM 139

2 Exploration en analyse quantifiée du mouvement 141

3 Modélisation biomécanique 142

E!=XS8=XHGFEX8!GUXSP=XJGFZJX8! Kbc!

+%)'&,#!?!.!@;;'&0&')1!#)!'((5&3')1!4#*!'(A#&)'5(*!'()%0$3*&3,0'%#*!8%1&5&#*!4#!)5='(#!75)3,'('23#!853%!8%16#('%!
,0!41;5%$0)'5(!4#!,B1803,#!&9#:!,#*!7171*!0))#'()*!4#!80%0,<*'#!57*)1)%'&0,#!43!8,#=3*!7%0&9'0,!CDEDFGHEIJK!
3(!#**0'!&5()%L,1!%0(45$'*1!.!8%5)5&5,#!4#!,B1)34# 149

EF!HVYH@J8FVY8!RX!@P!GUX8X! KdB!

EFF!;F;@FVQSP=UFX!RX!@P!GUX8X! KgK

EFFF!PYYX_X8! KBL

Annexe 1: muscles du membre supérieur, innervation, mobilisation(s) principale(s) 182

Annexe 2: supporting information article 1 184


!
Annexe 3: Segmentation automatique par réseau de neurones 237

Annexe 4: supporting information article 4 247

F_!=J;@FHPGFVY8!! Lcd!
!

!
! !

! &!
M()%543&)'5(!*<()91)'23#!
!
@#!A,#-*+!C$3%5&3,!#+(!*1!A,#-*+!1#$:#*-!+&(*4!'!,3!C3+#!2*!%)*!3931(!A)*$!A$&1%&A3,#!>)1%(&)1!
,h&11#$:3(&)1!2*!/#/C$#!+*A4$&#*$7!@#+!>&C$#+!1#$:#*+#+!.*&!>)$/#1(!,#!A,#-*+!C$3%5&3,!+)1(!
&++*#+!2#+!$3/#3*-!:#1($3*-!2#+!1#$>+!+A&13*-!%#$:&%3*-!#(!(5)$3%&.*#+!W2#!Hc!'!GK]7!
@3!A3$3,9+&#!)C+(4($&%3,#!2*!A,#-*+!C$3%5&3,!W=V=;]!#+(!*1#!A3$4+&#!20*1!)*!2#+!2#*-!/#/C$#+!
+*A4$&#*$+!%3*+4#!,#!A,*+!+)*:#1(!A3$!*1!4(&$#/#1(!#-%#++&>!2#+!$3%&1#+!1#$:#*+#+!2*!A,#-*+!
C$3%5&3,! ,)$+! 2!i*1#! 13&++31%#! 2&>>&%&,#7! @#+! $3%&1#+! Hc! #(! Hd<! &11#$:31(! /3D)$&(3&$#/#1(!
,04A3*,#<!+)1(!,#+!A,*+!>$4.*#//#1(!()*%54#+7!
@3!/3D)$&(4!2#+!A3$4+&#+!#+(!(#/A)$3&$#7!@3!$4%*A4$3(&)1!1#*$),)?&.*#!#+(!()*(#>)&+!3C+#1(#!
)*!&1%)/A,6(#!231+!#1:&$)1!Lfj!2#+!%3+7!@#+!#1>31(+!3:#%!*1#!3((#&1(#!1#$:#*+#!A,*+!?$3:#!
?3$2#$)1(!2#+!+4.*#,,#+!'!:&#!%)/A$#131(!*1#!A#$(#!2#!>)$%#<!*1#!A#$(#!2#!/)C&,&(4!A3++&:#!
#(!3%(&:#!&/A3%(31(!,#+!3%(&:&(4+!2#!:&#!.*)(&2&#11#7!!
!
@04A3*,#! A#$/#(! ,0)$&#1(3(&)1! 231+! ,0#+A3%#! 2*! /#/C$#! +*A4$&#*$7! X,,#! %)/A$#12! %&1.!
3$(&%*,3(&)1+! W3$(&%*,3(&)1+! ?,41)T5*4/$3,#<! +(#$1)T%)+()T%,3:&%*,3&$#<! 3%$)/&)T%,3:&%*,3&$#<!
+%3A*,)T(5)$3%&.*#! #(! +)*+! 2#,()&2&#11#]7! 83! /)C&,&(4! 2)&(! M($#! ,3! A,*+! &/A)$(31(#! A)++&C,#!
A)*$!.*#!,3!A$45#1+&)1!+#!>3++#!231+!*1!#+A3%#!/3-&/&+47!H#((#!/)C&,&(4!#+(!#1!?$312#!A3$(&#!
3*()$&+4#! A3$! ,03$(&%*,3(&)1! ?,41)T5*/4$3,#7! H5#I! ,#+! #1>31(+! 3:#%! =V=;! +31+! $4%*A4$3(&)1!
%)/A,6(#<!,03((#&1(#!2#!,04A3*,#!#(!A,*+!A3$(&%*,&6$#/#1(!2#!,03$(&%*,3(&)1!?,41)T5*/4$3,#<!#+(!
,3! A$&1%&A3,#! %3*+#! 2#! /)$C&2&(47! @03((#&1(#! 2#+! /*+%,#+! /)C&,&+31(! ,03$(&%*,3(&)1! ?,41)T
5*/4$3,#!#+(!'!,0)$&?&1#!20*1#!2&/&1*(&)1!2#!,#*$!>)$%#!#(!2#!,3!,&/&(3(&)1!2#!,3!/)C&,&(4!3%(&:#!
#(!A3++&:#!2#!%#((#!3$(&%*,3(&)1!&/A3%(31(!,3!/)C&,&(4!2#!,0#1+#/C,#!2*!/#/C$#!+*A4$&#*$7!
H#((#! 3((#&1(#! /*+%*,3&$#! #+(! 4?3,#/#1(! '! ,0)$&?&1#! 20*1! %531?#/#1(! 3*! 1&:#3*! 2#+!
%)1($3&1(#+! /4%31&.*#+! +0#-#$k31(! +*$! ,03$(&%*,3(&)1! ?,41)T5*/4$3,#! '! ,0)$&?&1#! 2#! +3!
24>)$/3(&)1!($&2&/#1+&)11#,,#7!H#((#!24>)$/3(&)1<!C&#1!24%$&(#!#(!%)11*#<!?M1#!'!+)1!()*$!,#!
>)1%(&)11#/#1(!/*+%*,3&$#!#(!,#!/)*:#/#1(7!!
!
H5#I! %#+! #1>31(+! 3:#%! =V=;<! ,#+! A$&1%&A3*-! )CD#%(&>+! (54$3A#*(&.*#+! +)1(! ,3! $4%*A4$3(&)1!
/3-&/3,#! 2#! ,3! /)($&%&(4<! ,3! ,*((#! %)1($#! ,#+! $4($3%(&)1+! /*+%*,3&$#+! #(! ,#+! 24>)$/3(&)1+!

! '!
3$(&%*,3&$#+! A)*$! ,0)C(#1(&)1! 20*1#! C)11#! /)C&,&(4! 2*! /#/C$#! +*A4$&#*$7! J1#! 3((#1(&)1!
+A4%&>&.*#!#+(!A)$(4#!'!,04A3*,#7!!
!
@3!%)/A$45#1+&)1!A$4%&+#!2#!,03((#&1(#!2#+!/*+%,#+!2#!,04A3*,#!3&1+&!.*#!2#!,0)$?31&+3(&)1!2*!
/)*:#/#1(! 231+! %#((#! A)A*,3(&)1! A)*$$3&(! A#$/#(($#! 203/4,&)$#$! ,#+! (54$3A#*(&.*#+!
A$)A)+4#+7!!
!
@0#-A,)$3(&)1! %,&1&.*#! 2#! ,03((#&1(#! 2#+! /*+%,#+! ?,41)T5*/4$3*-! #(! 2#+! ,&/&(3(&)1+! 2#! ,3!
/)C&,&(4! 2#! ,04A3*,#! #(! 2#! ,0#1+#/C,#! 2*! /#/C$#! +*A4$&#*$<! 10#+(! A3+! +*>>&+31(#! A)*$! %#(!
)CD#%(&>7! X,,#! 1#! A#$/#(! #1! #>>#(! A3+! 20)C(#1&$! 2#+! 2)114#+! .*31(&>&4#+! #(! A$4%&+#+! +*$!
,03((#&1(#!&12&:&2*#,,#!2#+!/*+%,#+!#(!+*$!,3!,&/&(3(&)1!2*!/)*:#/#1(7!
R31+! *1! )CD#%(&>! 2#! %)/A$45#1+&)1! A,*+! A$4%&+#! 2*! >)1%(&)11#/#1(! 2#! ,04A3*,#! #(! 2#!
,0#1+#/C,#! 2*! /#/C$#! +*A4$&#*$! %5#I! ,0#1>31(! 3:#%! =V=;! #(! 20)$&#1(3(&)1! 2#+! %5)&-!
(54$3A#*(&.*#+<!203*($#+!#-A,)$3(&)1+!(#,,#+!.*#!,0FS"!#(!,0313,9+#!.*31(&>&4#!2*!/)*:#/#1(!
A#*:#1(!%)/A,4(#$!,0#-3/#1!%,&1&.*#7!@0FS"!A#$/#(!,0)C(#1(&)1!2#!2)114#+!.*31(&(3(&:#+!+*$!
,3!/)$A5),)?&#!2#!%53.*#!/*+%,#<!1)(3//#1(!,#*$!>)$/#!#(!,#*$!:),*/#!,&4+!'!,3!>)1%(&)1!
/*+%*,3&$#7!@0313,9+#!.*31(&>&4#!2*!/)*:#/#1(!A#$/#(!,3!24%)/A)+&(&)1!2#+!/)*:#/#1(+!
231+! %53.*#! 3$(&%*,3(&)1! A)*$! *1#! (l%5#! 2)114#! #(! A#*(! 4:3,*#$! ,3! A#$>)$/31%#! 2*!
/)*:#/#1(7!
!
N0!&5()%'73)'5(!.*#!1)*+!+)*/#(()1+!231+!%#!2)%*/#1(!85%)#!*3%!,O160,30)'5(!4#!,O0))#'()#!
4#*!$3*&,#*!4#!,O1803,#!3&1+&!.*#!+*$!,O0(0,<*#!43!$536#$#()!4#*!$#$7%#*!*381%'#3%*!&9#:!
,O#(;0()!06#&!DEDF!*0(*!%1&381%0)'5(!&5$8,P)#7!PA$6+!*1#!&1($)2*%(&)1!?414$3,#!2*!%)1(#-(#!
A$4+#1(31(!,3!A3$3,9+&#!)C+(4($&%3,#!2*!A,#-*+!C$3%5&3,<!,#+!A$)C,4/3(&.*#+!$#1%)1($4#+!231+!
%#((#! A3(5),)?&#! #(! ,#+! (54$3A#*(&.*#+! A$)A)+4#+<! ,#*! &908')%#*! 5()! 1)1! %#Q%5381*! 80%!
)91$0)'23#!4#!%#&9#%&9#7!@#!%53A&($#!FF!A)$(#!+*$!,O1)34#!$5%895,5Q'23#!$3*&3,0'%#!#(!M"R!
#(!A$4+#1(#!*1#!%)1($&C*(&)1!2#!S!0%)'&,#*7!@#!%53A&($#!FFF!A)$(#!+*$!,0313,9+#!2*!/)*:#/#1(!
2#+!/#/C$#+!+*A4$&#*$+!#(!>3&(!,0)CD#(!2#!,O0%)'&,#!-!.*&!>)*$1&(!2#+!A$4%&+&)1+!+*$!,#+!A$)A$&4(4+!
/4($),)?&.*#+!2#+!(#%51&.*#+!A#$/#((31(!2#!.*31(&>&#$!,#+!:),*/#+!#(!>)$/#+!/*+%*,3&$#+!
%5#I!2#+!#1>31(+!3:#%!24:#,)AA#/#1(!(9A&.*#!#(!%5#I!2#+!#1>31(+!3:#%!=V=;7!P!A3$(&$!2#+!
$4+*,(3(+! 2#+! %53A&($#+! FF! #(! FFF<! ,#! %53A&($#! FE! A$4+#1(#! *1#! 2&+%*++&)1! 2#+! A#$+A#%(&:#+!
20#-A,)$3(&)1!2*!>)1%(&)11#/#1(!2#!,04A3*,#!%5#I!,0#1>31(!#1!A3$(&%*,&#$!*1#!+#?/#1(3(&)1!

! (!
3*()/3(&.*#! 24:#,)AA4#! A3$! 1)($#! 4.*&A#! #+(! A$4+#1(4#! #1! 311#-#! a7! X1>&1<! >)$(! 2#! %#+!
$4>,#-&)1+<! *1! #**0'! )91%08#3)'23#! 4#! 8%16#()'5(! 8%1&5&#! 4#! ,0! 41;5%$0)'5(! $3*&3,5G
*23#,#))'23#!>3&+31(!,0)CD#(!2#!,O0%)'&,#!?!#+(!A$)A)+4!231+!,#!%53A&($#!E7

! )!
!

!M!/5()#=)#!

D(!"#2*)/'(6'($74,#1$'('2(61()')3+'(&1,4+/'1+(

@#+!4,4/#1(+!313()/&.*#+!A$43,3C,#+!'!,3!%)/A$45#1+&)1!2#!1)+!($3:3*-!+)1(!A$4+#1(4+!%&T
2#++)*+7!
@#!/#/C$#!+*A4$&#*$!#+(!%)1+(&(*4!2#!($)&+!+#?/#1(+!m!C$3+<!3:31(TC$3+!#(!/3&17!F,!#+(!$#,&4!3*!
($)1%!A3$!,04A3*,#7!@#!%)*2#!$#,&#!,#!C$3+!'!,03:31(TC$3+!#(!,#!A)&?1#(!$#,&#!,03:31(TC$3+!'!,3!/3&1!
!"#$%&'()*7!!

!
N&?*$#!K!m!,#!/#/C$#!+*A4$&#*$!
K!m!4A3*,#<!L!m!C$3+<!a!m!%)*2#<!b!m!3:31(TC$3+<!c!m!A)&?1#(<!d!m!/3&1!
!
H#((#!+#%(&)1!1#!$#A)+#!A3+!+*$!*1#!$#:*#!%)/A,6(#!2#!,3!,&((4$3(*$#7!X,,#!#+(!C3+4#!+*$!,#+!
$4>4$#1%#+!W\3/&13!#(!Q)*3I4!Lff`n!\3A312D&!#(!G*C&313!Lffcn!Y#((#$!LfKcn!N)$$)!#(!@)o#!
LfKB]7!e(31(!2)114!,#+!%)1+4.*#1%#+!&/A)$(31(#+!2#!,03((#&1(#!2*!A,#-*+!C$3%5&3,!3*!1&:#3*!
2#! ,04A3*,#! #(! A,*+! +A4%&>&.*#/#1(! 2#! ,03$(&%*,3(&)1! ?,41)T5*/4$3,#! %5#I! ,#+! #1>31(+! 3:#%!
=V=;<!,#+!%53A&($#+!#1!,&#1!+#$)1(!A,*+!A3$(&%*,&6$#/#1(!24:#,)AA4+7!!

! *!
!

)+)(,'-(.-(

K7K7K% @3!%,3:&%*,#!
!
@3!%,3:&%*,#!#+(!*1!)+!%)*$(<!%9,&12$&.*#!+&(*4#!#1($#!,#!+(#$1*/!#(!,3!+%3A*,37!E*#!2#!2#++*+<!
#,,#!2#++&1#!*1!8!&(3,&.*#+!!
!

K7K7L% @3!+%3A*,3!
!
@3!+%3A*,3!W"#$%&'(/]!#+(!*1!)+!2#!>)$/#!($&31?*,3&$#!3:#%!L!>3%#+!W31(4$&#*$#!#(!A)+(4$&#*$#]<!
a!C)$2+!W,3(4$3,<!/42&3,!#(!+*A4$&#*$]!#(!a!31?,#+!W+*A4$&#*$<!&1>4$&#*$!#(!#-(#$1#]7!P*!1&:#3*!
2#!,031?,#!#-(#$1#<!#1!$#?3$2!2#!,05*/4$*+<!+#!($)*:#!*1#!+*$>3%#!3$(&%*,3&$#<!3AA#,4#!?,61#7!
X,,#!#+(!)$&#1(4#!#1!2#5)$+<!#1!3:31(!#(!,4?6$#/#1(!:#$+!,#!53*(!WV5,!#(!3,7!LfKL]7!83!%)1%3:&(4!
#+(!/)&1+!/3$.*4#!.*#!%#,,#!2#!,3!(M(#!5*/4$3,#!W\3A312D&!#(!G*C&313!Lffc]7!@3!?,61#!#+(!
A$#+.*#! A,31#! >3:)$&+31(! ,h3/A,&(*2#! 2#+! /)*:#/#1(+! 2#! ,03$(&%*,3(&)1! ?,41)T5*/4$3,#7! @3!
>3%#! 31(4$&#*$#! 2#! ,3! +%3A*,3! #+(! %)1%3:#! #(! 3AA,&.*4#! %)1($#! ,#! (5)$3-! 3,)$+! .*#! ,3! >3%#!
A)+(4$&#*$#!#+(!A,*(p(!%)1:#-#7!P*-!($)&+!.*3$(+!+*A4$&#*$+!2#!,3!>3%#!A)+(4$&#*$#!+#!($)*:#!
,04A&1#!2#!,3!+%3A*,3!.*&!2&:&+#!,3!>3%#!A)+(4$&#*$#!#1!L!m!,3!>)++#!+*+T4A&1#*+#!#(!,3!>)++#!+)*+!
4A&1#*+#7!@03%$)/&)1!#+(!,#!A$),)1?#/#1(!2#!,04A&1#!2#!,3!+%3A*,3!.*&!:3!+03$(&%*,#$!3:#%!,3!
%,3:&%*,#7!F,!>)$/#!*1#!3$%32#!3:#%!,#!A$)%#++*+!%)$3%)q2#7!@3!+%3A*,3!+#!+&(*#!,#!A,*+!+)*:#1(!
#1!$#?3$2!2#!,3!K6$#!'!,3!g6/#!%p(#7!!
(

!
N&?*$#!L!m!S#A6$#+!313()/&.*#+!2#!,3!+%3A*,3!

! "+!
K!m!?,61#<!L!m!>)++#!+*+!4A&1#*+#<!a!m!>)++#!+)*+!4A&1#*+#<!b!m!31?,#!+*A4$&#*$<!c<!31?,#!,3(4$3,<!d!m!31?,#!&1>4$&#*$<!
g!m!C)$2!/42&3,<!B!m!C)$2!,3(4$3,<!`!m!C)$2!+*A4$&#*$<!Kf!m!A$)%#++*+!%)$3%)q2#<!KK!m!3%$)/&)1<!KL!m!4A&1#!2#!,3!
+%3A*,37!
5((A+mrrooo7&/3&)+7%)/r>$r#TP13()/9r"#/C$#+r"#/C$#T+*A#$&#*$T8%5#/3+!
!
K7K7a% @05*/4$*+!
!
@05*/4$*+! W"#$%&'( 0]! #+(! *1! )+! ,)1?! .*&! +03$(&%*,#! 231+! +)1! #-($4/&(4! +*A4$&#*$#! W(M(#!
5*/4$3,#]!3:#%!,3!?,61#!2#!,0)/)A,3(#!#(!231+!+)1!#-($4/&(4!&1>4$&#*$#!3:#%!,#!$32&*+!#(!,0*,137!
@3!(M(#!5*/4$3,#!#+(!)$&#1(4#!#1!53*(<!#1!2#231+!#(!#1!3$$&6$#7!V1!,03++&/&,#!'!*1!(&#$+!2#!
+A56$#! W\3A312D&! #(! G*C&313! Lffc]7! @#+! /*+%,#+! A4$&T3$(&%*,3&$#+! :&#11#1(! +0&1+4$#$! +*$! L!
+3&,,&#+! m! ,#! (*C#$%*,#! /&1#*$! #1! 3:31(! #(! ,#! (*C#$%*,#! /3D#*$! #1! 2#5)$+7! P*! 1&:#3*! 2#!
,0#-($4/&(4!&1>4$&#*$#<!)1!$#($)*:#!,3!A3,#((#!5*/4$3,#!#(!2#*-!A)&1(+!>3%&,#/#1(!A3,A3C,#+!m!
,04A&%)129,#!/42&3,!#(!,04A&%)129,#!,3(4$3,7!!!!

!
N&?*$#!a!m!S#A6$#+!313()/&.*#+!2#!,05*/4$*+!
K!m!(M(#!5*/4$3,#<!L!!m!(*C#$%*,#!/3D#*$<!a!m!(*C#$%*,#!/&1#*$<!b!m!4A&%)129,#!/42&3,<!c!m!4A&%)129,#!,3(4$3,!
5((A+mrrooo7&/3&)+7%)/r>$r#TP13()/9r"#/C$#+r"#/C$#T+*A#$&#*$T8%5#/3+!
!

K7K7b% @#!$32&*+!
!
@#!$32&*+!#+(!,0)+!31(4$)!,3(4$3,!2#!,03:31(TC$3+7!H0#+(!*1!)+!,)1?!.*&!+03$(&%*,#!#1!53*(!3:#%!
,05*/4$*+<!#1!53*(!#(!#1!2#231+!3:#%!,0*,13<!#1!C3+!3:#%!,0*,13!#(!,#!%3$A#7!8)1!%)$A+!#+(!A,*+!
:),*/&1#*-!#1!C3+7!F,!A$4+#1(#!*1#!%)*$C*$#!A#$/#((31(!,#!/)*:#/#1(!2#!A$)1)T+*A&13(&)17!
P*!1&:#3*!2#!,0#-($4/&(4!&1>4$&#*$#<!,#!A$)%#++*+!+(9,)q2#!$32&3,!#+(!>3%&,#/#1(!A3,A3C,#7!!
!

! ""!
K7K7c% @0*,13!
!
@0*,13! #+(! ,0)+! A)+(4$)! /42&3,! 2#! ,03:31(TC$3+7! H0#+(! *1! )+! ,)1?! .*&! +03$(&%*,#! #1! 53*(! 3:#%!
,05*/4$*+<!#1!53*(!#(!#1!2#5)$+!3:#%!,#!$32&*+<!,3(4$3,#/#1(!3:#%!,#!$32&*+!#(!#1!C3+!3:#%!,#!
,&?3/#1(! &1($3! 3$(&%*,3&$#! .*&! +03$(&%*,#! ,*&T/M/#! 3:#%! ,#! %3$A#7! P*! 1&:#3*! 2#! ,0#-($4/&(4!
&1>4$&#*$#<!,#!A$)%#++*+!+(9,)q2#!*,13&$#!#+(!>3%&,#/#1(!A3,A3C,#7!!
!

K7K7d% V+!2#!,3!/3&1!#(!2*!A)&?1#(!
!
@3!/3&1!#+(!>)$/4#!2#!Lg!)+!%)1+(31(+!$4A3$(&+!#1!a!?$)*A#+!m!,#!%3$A#<!,#!/4(3%3$A#!#(!,#+!
A53,31?#+7!!
!

)+/' ,'-(1&2#3%412#.5-(

K7L7K% H)/A,#-#!3$(&%*,3&$#!2#!,04A3*,#!
!
@04A3*,#! #+(! ,#! %)/A,#-#! 3$(&%*,3&$#! ,#! A,*+! /)C&,#! 2#! ,0)$?31&+/#7! X,,#! %)/A$#12! &'(2!
0%)'&3,0)'5(*! $1&0('23#$#()! ,'1#*! W6#$%&'( 7*7! V1! %)/A(#! ($)&+! 3$(&%*,3(&)1+! :$3&#+!m! ?,41)T
5*/4$3,#<!+(#$1)T%)+()T%,3:&%*,3&$#<!3%$)/&)T%,3:&%*,3&$#!#(!2#*-!3$(&%*,3(&)1+!A59+&),)?&.*#+!
W#+A3%#+!2#!?,&++#/#1(]!m!+%3A*,)T(5)$3%&.*#!#(!+)*+!2#,()&2&#11#!W\3A312D&!#(!G*C&313!Lffc]+(
!
R31+!,#!A$#/&#$!?$)*A#!W3$(&%*,3(&)1+!313()/&.*#+]!)1!$#($)*:#!m!
T!,O0%)'&3,0)'5(!Q,1(5G93$1%0,#7!H0#+(!*1#!#13$(5$)+#<!%)/A)+4#!A3$!,3!(M(#!5*/4$3,#!#(!,3!
?,61#!2#!,3!+%3A*,3!2)1(!,3!%)1%3:&(4!#+(!A#*!/3$.*4#!#(!$#1>)$%4#!A3$!,#!C)*$$#,#(!?,41)&2&#17!
8)1!3AA3$#&,!%3A+*,)T,&?3/#1(3&$#!#+(!+*>>&+3//#1(!,l%5#!A)*$!A#$/#(($#!+3!?$312#!/)C&,&(47!
J1#! 80%)'&'80)'5(! $3*&3,0'%#! #+(! 14%#++3&$#! A)*$! 3++*$#$! ,3! %)3A(3(&)1! 2#+! 2#*-! +*$>3%#+!
3$(&%*,3&$#+!231+!()*(#+!,#+!A)+&(&)1+7!!
T! ,03$(&%*,3(&)1! +(#$1)T%)+()T%,3:&%*,3&$#7! H0#+(! ,h4,4/#1(! 2#! D)1%(&)1! 3$(&%*,3&$#! 2*! /#/C$#!
+*A4$&#*$!3*!+.*#,#((#!3-&3,7!
T! ,03$(&%*,3(&)1! 3%$)/&)T%,3:&%*,3&$#7! H0#+(! ,#! +#*,! 4,4/#1(! $#,&31(! ,3! +%3A*,3! 3*! $#+(#! 2*!
+.*#,#((#!3-&3,7! !
!
R31+!,#!2#*-&6/#!?$)*A#!W3$(&%*,3(&)1+!A59+&),)?&.*#+]!)1!$#($)*:#!m!

! "#!
T!,O0%)'&3,0)'5(!*&083,5G)95%0&'23#7!H0#+(!*1!#*80&#!4#!Q,'**#$#()!2#!,3!+%3A*,3!+*$!,3!%3?#!
(5)$3%&.*#7! H#(! #+A3%#! #+(! %)1+(&(*4! 20*1#! &1(#$>3%#! 2#! A,*+&#*$+! (&++*+! /)*+7! H#((#!
3$(&%*,3(&)1! #+(! ($6+! ,&4#! /4%31&.*#/#1(! 3*-! 3$(&%*,3(&)1+! 3%$)/&)T%,3:&%*,3&$#! #(!
+(#$1)%,3:&%*,3&$#7!
T! ,03$(&%*,3(&)1! +)*+! 3%$)/&3,#! #+(! ,3! %)11#-&)1! #1($#! ,03$%32#! %)$3%)T3%$)/&3,#! #(! ,3! (M(#!
5*/4$3,#7!H#((#!3$(&%*,3(&)1!#+(!/4%31&.*#/#1(!,&4#!'!,3!?,41)T5*/4$3,#7!

1 8 (
N&?*$#!b!
3!m!@#+!a!)+!#(!b!2#+!3$(&%*,3(&)1+!2*!%)/A,#-#!2#!,04A3*,#7!@03$(&%*,3(&)1!+)*+!3%$)/&3,#!A#*(!M($#!%)1+&24$4#!
%)//#!*1#!3$(&%*,3(&)1!A59+&),)?&.*#!+*AA,4/#1(3&$#7!
C!m!E*#!+*A4$&#*$#!2#+!3$(&%*,3(&)1+!2*!%)/A,#-#!2#!,04A3*,#<!/)1($31(!#1!A3$(&%*,&#$!#1!c!,0#+A3%#!2#!
?,&++#/#1(!+%3A*,)T(5)$3%&.*#!WK!m!+(#$1)%,3:&%*,3&$#<!L!m!3%$)/&)T%,3:&%*,3&$#<!am!+%3A*,)5*/4$3,#<!b!m!+)*+!
3%$)/&3,#]!
WF++*!2#!R*>)*$<!Lffc]!!
!
@3!$57',')1!4#!,O1803,#!45')!T)%#!,0!8,3*!'$85%)0()#!85**'7,#!A)*$!.*#!,3!A$45#1+&)1!+#!>3++#!
231+!*1!#+A3%#!/3-&/&+47!@h4A3*,#!#+(<!3:#%!+#+!a!3-#+!2#!($3:3&,!#(!+#+!a!2#?$4+!2#!,&C#$(4!
3$(&%*,3&$#<!,#!%)/A,#-#!,#!A,*+!/)C&,#!2#!,h)$?31&+/#7!!
@#+!/)*:#/#1(+!A$&1%&A3*-!2*!%)/A,#-#!2#!,04A3*,#!W"#$%&'(9]!A#*:#1(!M($#!24%)/A)+4+!#1m!
,% >,#-&)1!.*&!4,6:#!,#!C$3+!:#$+!,h3:31(!
,% #-(#1+&)1<!.*&!A)$(#!,#!C$3+!#1!3$$&6$#!
,% 322*%(&)1<!.*&!$3AA$)%5#!,#!C$3+!2#!,h3-#!2*!%)$A+!
,% 3C2*%(&)1<!.*&!4,6:#!,#!C$3+!+*$!,#!%p(4!
,% $)(3(&)1!&1(#$1#<!.*&!%)$$#+A)12!'!*1#!$)(3(&)1!3*()*$!2#!,03-#!5*/4$3,!:#$+!,0&1(4$&#*$!
,% $)(3(&)1! #-(#$1#<! .*&! %)$$#+A)12! '! *1#! $)(3(&)1! 3*()*$! 2#! ,03-#! 5*/4$3,! :#$+!
,0#-(4$&#*$7!

! "$!
@#+! /)*:#/#1(+! 2#! >,#-&)1T#-(#1+&)1<! 3C2*%(&)1T322*%(&)1! #(! $)(3(&)1! &1(#$1#T#-(#$1#!
A#$/#((#1(!,0)$&#1(3(&)1!2#!,05*/4$*+!A3$!$3AA)$(!3*!(5)$3-!231+!,#+!($)&+!A,31+!2#!,0#+A3%#!
#(!3*()$&+#1(!,#!/)*:#/#1(!2#!%&$%*/2*%(&)1!2#!,04A3*,#!WE##?#$!#(!:31!2#$!U#,/!Lffg]7!@)$+!
2#!%#+!2&>>4$#1(+!/)*:#/#1(+<!,#+!%&1.!3$(&%*,3(&)1+!>)1%(&)11#1(!+&/*,(314/#1(!#(!231+!2#+!
A$)A)$(&)1+!:3$&3C,#+!WE##?#$!#(!:31!2#$!U#,/!Lffgn!U*$):!Lff`]7!!

!
N&?*$#!c!m!,#+!/)*:#/#1(+!?,)C3*-!2#!,04A3*,#!
5((A+mrr+,&2#A,39#$7>$r+,&2#rKgKdaf!
!
P*!1&:#3*!2#!,03$(&%*,3(&)1!+%3A*,)T(5)$3%&.*#<!+&!,0)1!%)1+&26$#!,#!+9+(6/#!2#!%))$2)114#+!
,)%3,#+! 24>&1&! A3$! ,0F1(#$13(&)13,! 8)%&#(9! )>! ;&)/#%531&%+! WF8;]<! ,#! /)*:#/#1(! ,#! A,*+!
&/A)$(31(!2#!,3!+%3A*,3!#+(!+3!%5)0)'5(!,0)1%0,#!03)53%!4O3(!0=#!0()1%5G85*)1%'#3%!W/#2&3,T
,3(#$3,! $)(3(&)1]7! @3! $)(3(&)1! +#,)1! ,i3-#! :#$(&%3,! +03AA#,,#! 8%5)%0&)'5(! W+#1+! 31(&5)$3&$#]! #(!
%1)%0&)'5(!W+#1+!5)$3&$#]!W&1(#$13,r#-(#$13,!$)(3(&)1]7!@#!/)*:#/#1(!2#!,3!+%3A*,3!3*()*$!20*1!
3-#!>$)1(3,!#+(!3AA#,4!)',)!0()1%585*)1%'#3%7!@3!C3+%*,#!#+(!31(4$&#*$#!,)$+.*#!,031?,#!&1>4$&#*$!
2#!,3!+%3A*,3!+04,)&?1#!2*!(5)$3-!WN&?*$#!d]7!
!

!
N&?*$#!d!m!/)*:#/#1(+!2#!,03$(&%*,3(&)1!+%3A*,)T(5)$3%&.*#!
WF++*!2#!Y?*9#1!H<!LfKc]!
!

! "%!
P*!1&:#3*!2#!,03$(&%*,3(&)1!?,41)T5*/4$3,#<!,3!/)$A5),)?&#!2#!,3!(M(#!5*/4$3,#!#(!2#!,3!?,61#<!
.*&!)1(!*1#!>)$/#!+&/&,3&$#!/3&+!2#+!$39)1+!2#!%)*$C*$#+!2&>>4$#1(+<!>3%&,&(#!,#+!/)*:#/#1(+!
3/A,#+! WE##?#$! #(! :31! 2#$! U#,/! Lffgn! U*$):! Lff`]7! @#+! %)1($3%(&)1+! %))$2)114#+! 2#+!
/*+%,#+! 2#! ,04A3*,#! 3++*$#1(! ,#! %#1($3?#! 2913/&.*#! 2#! ,3! (M(#! 2#! ,05*/4$*+! 231+! ,3! ?,61#!
WE##?#$!#(!:31!2#$!U#,/!Lffgn!U*$):!Lff`]7!
@#!/)*:#/#1(!+%3A*,)T5*/4$3,!)*!?,41)T5*/4$3,!A#*(!+#!24%)/A)+#$!#1!m!
T!3C2*%(&)1!A59+&),)?&.*#!.*&!#+(!,04%3$(#/#1(!231+!,#!A,31!2#!,3!+%3A*,3!W%0#+(!'!2&$#!#1:&$)1!
bcs]!
T!>,#-&)1T#-(#1+&)1!.*&!+0#>>#%(*#!231+!*1!A,31!A#$A#12&%*,3&$#!3*!A,31!2#!,3!+%3A*,37!
T!$)(3(&)1+!3-&3,#+!.*&!+0#>>#%(*#1(!231+!,#!A,31!($31+:#$+3,!!
@0&1(#$13(&)13,! +)%&#(9! )>! C&)/#%531&%+! WF8;]! 24%)1+#&,,#! 20*(&,&+#$! ,#+! (#$/#+! 2#! >,#-&)1! #(!
203C2*%(&)1! %3$! #1! >)1%(&)1! 2#! ,0)$2$#! 2#! ,3! +4.*#1%#! W3C2*%(&)1r>,#-&)1! )*! >,#-&)1r!
3C2*%(&)1]!,#+!$4+*,(3(+!1#!+)1(!A3+!,#+!/M/#+7!F,!A$)A)+#!,3!24%)/A)+&(&)1!A3$!,#+!$)(3(&)1+!
+*&:31(#+!m!A,31!204,4:3(&)1<!4,4:3(&)1!5*/4$3,#!#(!$)(3(&)1!3-&3,#!WN&?*$#!g]7!

!
N&?*$#!g!m!R4>&1&(&)1!2#+!/)*:#/#1(+!?,41)T5*/4$3*-7!
WF++*!2#!t*!Q<!Lffc]!
!

K7L7L!P$(&%*,3(&)1+!2*!%)*2#!!!!!
!
@#!%)*2#!#+(!%)/A)+4!2#!($)&+!3$(&%*,3(&)1+!3931(!,3!/M/#!%3:&(4!3$(&%*,3&$#!m!,03$(&%*,3(&)1!
5*/4$)T*,13&$#<!,03$(&%*,3(&)1!5*/4$)T$32&3,#!#(!,03$(&%*,3(&)1!$32&)T*,13&$#!A$)-&/3,#7!!
!
@#+! 3$(&%*,3(&)1+! 5*/4$)T*,13&$#! #(! 5*/4$)T$32&3,#! &1(#$:&#11#1(! 231+! ,#+! /)*:#/#1(+! 2#!
>,#-&)1!#-(#1+&)1!2#!%)*2#7!!
!

! "&!
@#+! 3$(&%*,3(&)1+! $32&)T*,13&$#! A$)-&/3,#! #(! 2&+(3,#<! *1&++31(! $#+A#%(&:#/#1(! ,#+! 4A&A59+#+!
A$)-&/3,#+!#(!2&+(3,#+<!()*(#+!2#*-!($)%5)q2#+<!A#$/#((#1(!2#+!/)*:#/#1(+!2#!$)(3(&)1!m!,3!
A$)13(&)1!#(!,3!+*A&13(&)17!!
!
K7L7a% P$(&%*,3(&)1+!2*!A)&?1#(!
!
@#+! /)*:#/#1(+! 2#! ,3! /3&1! +*$! ,03:31(TC$3+! >)1(! &1(#$:#1&$! 2#! 1)/C$#*+#+! 3$(&%*,3(&)1+!
+),&23&$#+! #1($#! #,,#+<! %)/A$#131(! ,03$(&%*,3(&)1! $32&)T%3$A&#11#! #(! ,#+! 3$(&%*,3(&)1+!
&1(#$%3$A&#11#+!WA$)-&/3,#+<!2&+(3,#+!#(!/42&)T%3$A&#11#+]7!!
!
@#!A)&?1#(!A)++62#!a!2#?$4+!2#!,&C#$(47!@#+!/)*:#/#1(+!2#!>,#-&)1!#-(#1+&)1!+#!24$)*,#1(!
23:31(3?#! 231+! ,03$(&%*,3(&)1! $32&)T%3$A&#11#7! @#+! /)*:#/#1(+! 203C2*%(&)1T322*%(&)1! +#!
24$)*,#1(! A$&1%&A3,#/#1(! 231+! ,03$(&%*,3(&)1! /42&)T%3$A&#11#7! R#+! $)(3(&)1+! ,4?6$#+! +#!
A$)2*&+#1(!231+!,03$(&%*,3(&)1!/42&)T%3$A&#11#7!!
!

K7L7b% P$(&%*,3(&)1+!2#!,3!/3&1!
!
X,,#+! %)/A$#11#1(! ,#+! 3$(&%*,3(&)1+! %3$A)T/4(3%3$A&#11#+<! /4(3%3$A)TA53,31?&#11#+! #(!
&1(#$A53,31?&#11#+7!!
!

)+0' ,'-(:%-34'-(

K7a7K!"*+%,#+!&1(#$:#131(!231+!,3!/)C&,&(4!2*!/#/C$#!+*A4$&#*$!
!
H#$(3&1+!/*+%,#+!2*!2)+!13&++#1(!2*!$3%5&+!#(!+#!(#$/&1#1(!+)&(!+*$!,3!%#&1(*$#!2*!/#/C$#!
+*A4$&#*$<!+)&(!+*$!,05*/4$*+7!F,+!%)/A$#11#1(!*1!?$)*A#!+*A#$>&%&#,!%)/A$#131(!,#+!/*+%,#+!
($3A6I#!#(!?$312!2)$+3,!#(!*1!?$)*A#!A$)>)12!3:#%!,#+!/*+%,#+!4,4:3(#*$+!2#!,3!+%3A*,3<!A#(&(!
$5)/C)q2#!#(!?$312!$5)/C)q2#7!!
R#!/M/#!%#$(3&1+!/*+%,#+!2*!(5)$3-!+#!(#$/&1#1(!+*$!,3!%#&1(*$#!2*!/#/C$#!+*A4$&#*$!)*!
+*$! ,05*/4$*+7! F,! +03?&(! 2#+! /*+%,#+! ?$312! A#%()$3,<! A#(&(! A#%()$3,<! +*C%,3:&#$! #(! 2#1(#,4!
31(4$&#*$7!!
@#+! /*+%,#+! 2#! ,04A3*,#! 13&++#1(! 2#! ,3! %#&1(*$#! 2*! /#/C$#! +*A4$&#*$! #(! +#! (#$/&1#1(! +*$!
,05*/4$*+7!F,+!%)/A$#11#1(!d!/*+%,#+!m!,#+!/*+%,#+!2#,()q2#<!+*A$34A&1#*-<!&1>$34A&1#*-<!A#(&(!

! "'!
$)12<! ?$312! $)12! #(! +*C+%3A*,3&$#! !"#$%&'( ;*7! @#+! /*+%,#+! +*A$34A&1#*-<! &1>$34A&1#*-<! #(!
+*C+%3A*,3&$#! >)$/#1(! ,3! %)&>>#! 2#+! $)(3(#*$+7! P:#%! ,#! /*+%,#! ?$312! A#%()$3,<! %#+! /*+%,#+!
+#$)1(! %&T2#++)*+! 3AA#,4+! /*+%,#+! ?,41)T5*/4$3*-! 2*! >3&(! 2#! ,#*$! $p,#! &/A)$(31(! 231+! ,3!
/)C&,&+3(&)1!2#!,03$(&%*,3(&)1!?,41)T5*/4$3,#7!!

!
N&?*$#!B!m!/*+%,#+!2#!,04A3*,#!
K!m!2#,()q2#<!L!m!?$312!A#%()$3,<!a!m!+*C+%3A*,3&$#<!b!m!+*A$34A&1#*-<!c!m!?$312!$)12<!d!m!&1>$34A&1#*-!
5((A+mrrooo7&/3&)+7%)/r>$r#TP13()/9r"#/C$#+r"#/C$#T+*A#$&#*$T8%5#/3+!
!
!
@#+!/*+%,#+!2*!C$3+!%)/A$#11#1(!2#*-!?$)*A#+!m!*1!?$)*A#!31(4$&#*$!%)/A$#131(!,#+!/*+%,#+!
C&%#A+! C$3%5&3,<! %)$3%)TC$3%5&3,! #(! C$3%5&3,! #(! *1! ?$)*A#! A)+(4$&#*$! %)1+(&(*4! 2*! /*+%,#!
($&%#A+!C$3%5&3,7!!
P*! 1&:#3*! 2#! ,03:31(TC$3+<! ,3! A3$(&#! 31(4$&#*$#! %)/A$#12! b! A,31+7! 8)1! A,31!
+*A#$>&%&#,!%)/A$#12!b!/*+%,#+!m!,#+!/*+%,#+!C$3%5&)T$32&3,<!$)12!A$)13(#*$<!>,4%5&++#*$!$32&3,!
2*! %3$A#<! ,)1?! A3,/3&$#! #(! >,4%5&++#*$! *,13&$#! 2*! %3$A#7! V1! $#($)*:#! #1+*&(#! ,#+! A,31+! 2#+!
/*+%,#+!>,4%5&++#*$+!+*A#$>&%&#,+!#(!A$)>)12+!2#+!2)&?(+7!X1>&1<!,#!A,31!A$)>)12!%)/A$#12!,#+!
/*+%,#+!+*A&13(#*$!#(!%3$$4!A$)13(#*$7!!
@#+!/*+%,#+!A)+(4$&#*$+!2#!,03:31(TC$3+!+)1(!)$?31&+4+!#1!*1!A,31!+*A#$>&%&#,!%)/A$#131(!,#+!
/*+%,#+!,)1?!#-(#1+#*$!$32&3,!2*!%3$A#<!%)*$(!#-(#1+#*$!$32&3,!2*!%3$A#<!#-(#1+#*$!%)//*1!
2#+!2)&?(+<!#-(#1+#*$!2*!A#(&(!2)&?(<!#-(#1+#*$!*,13&$#!2*!%3$A#!#(!31%)147!@#!A,31!A$)>)12!
#+(!2#+(&14!#++#1(&#,,#/#1(!3*!A)*%#7!!
X1>&1! ,#+! /*+%,#+! 2#! ,3! /3&1! %)/A$#11#1(! a! ?$)*A#+<! 1)1! 24(3&,,4+! &%&!m! ,#+! /*+%,#+! 2#!
,04/&1#1%#!(5413$!2#+(&14+!3*!A)*%#<!,#+!/*+%,#+!2#!,04/&1#1%#!59A)(5413$!2#+(&14+!3*!A#(&(!
2)&?(!#(!,#!?$)*A#!&1(#$/42&3&$#!311#-4!'!()*+!,#+!2)&?(+7!!
!

! "(!
K7a7L!N)1%(&)1!/*+%*,3&$#!!
!
=3$! ,#*$! %)1($3%(&)1<! ,#+! /*+%,#+! )1(! *1! $p,#! 231+! ,3! +(3C&,&(4! +(3(&.*#! #(! 2913/&.*#! 2#+!
3$(&%*,3(&)1+7!!
@#*$! $p,#! 231+! ,3! *)07',')1! *)0)'23#! $#,6:#! 2#! ,3! %)1($3%(&)1! /*+%*,3&$#! &+)/4($&.*#! 2*$31(!
,3.*#,,#!,3!>)$%#!/*+%*,3&$#!4.*&,&C$#!*1#!$4+&+(31%#7!!
@#*$! $p,#! 231+! ,3! *)07',')1! 4<(0$'23#! $#,6:#! 2#! ,3! %)1($3%(&)1! /*+%*,3&$#! &+)()1&.*#! .*&!
A$):).*#! *1! /)*:#/#1(! 2#! $)(3(&)1! 2*! /*+%,#! W)*! /)/#1(! 2#! ,3! >)$%#! /*+%*,3&$#]7! X1!
>)1%(&)1!2#!,#*$!7%0*!4#!,#6'#%<!,#+!/*+%,#+!+#$)1(!231+!*1#!A)+&(&)1!A,*+!)*!/)&1+!>3:)$3C,#!
A)*$!/)C&,&+#$!,h3$(&%*,3(&)1!W[7!"7!"7!;$)o1!#(!3,7!Lffg]7!@#!C$3+!2#!,#:&#$!20*1#!>)$%#!A3$!
$3AA)$(! '! *1! 3-#! 2#! $)(3(&)1! #+(! ,3! 2&+(31%#! #1($#! ,3! ,&?1#! 203%(&)1! 2#! ,3! >)$%#! #(! ,03-#! 2#!
$)(3(&)1!!"#$%&'(<*7!@#!C$3+!2#!,#:&#$!:3$&#!#1!>)1%(&)1!2#!,3!A)+&(&)1!2#!,03$(&%*,3(&)17!@3!,'Q(#!
4O0&)'5(!20*1!/*+%,#!#+(!,3!2&$#%(&)1!231+!,3.*#,,#!,3!>)$%#!2#!%#!/*+%,#!#+(!3AA,&.*4#7!V1!
A#*(!2&+(&1?*#$!,#+!/*+%,#+!/)C&,&+3(#*$+!A$&1%&A3*-<!,#+!/*+%,#+!+91#$?&.*#+!#(!,#+!/*+%,#+!
31(3?)1&+(#+7!@#+!$57','*0)#3%*!8%'(&'803=!Wu!A$&/#!/):#$+!v]!+)1(!3%(&:4+!A$4%)%#/#1(!,)$+!
2h*1!/)*:#/#1(!#(!)1(!2#+!>&C$#+!/*+%*,3&$#+!3:#%!2#+!,&?1#+!2h3%(&)1!A$)%5#+!2#!,3!2&$#%(&)1!
2*! /)*:#/#1(! A$4:*! 3:#%! *1! /)/#1(! 2#! >)$%#! 3?)1&+(#7! @#+! $3*&,#*! *<(#%Q'23#*! +)1(!
3%(&:4+!A,*+!(3$2&:#/#1(!,)$+!2*!/)*:#/#1(!#(!)1(!2#+!,&?1#+!2h3%(&)1!,4?6$#/#1(!2&:#$?#1(#+!
A3$! $3AA)$(! '! %#,,#+! 2#+! /)C&,&+3(#*$+! A$&1%&A3*-! /3&+! %)1+#$:#1(! *1! /)/#1(! 2#! >)$%#!
3?)1&+(#7!@#+!$3*&,#*!0()0Q5('*)#*!+)1(!3%(&:4+!A,*+!(3$2&:#/#1(!,)$+!2*!/)*:#/#1(!#(!)1(!
2#+! ,&?1#+! 2h3%(&)1! 231+! 2#+! 2&$#%(&)1+! )AA)+4#+! '! %#,,#! 2*! /)*:#/#1(<! '! ,h)$&?&1#! 2h*1!
/)/#1(! 2#! >)$%#! 31(3?)1&+(#! Wt&%O53/! #(! ;$)o1! K``Bn! [7! "7! "7! ;$)o1! #(! 3,7! Lffg]7! R#+!
+#?/#1(+! /*+%*,3&$#+! 2h*1! /M/#! /*+%,#! A#*:#1(! 3:)&$! 2#+! $p,#+! 2&>>4$#1(+! 231+! ,3!
/)C&,&+3(&)1!2h*1#!3$(&%*,3(&)1!W[7!"7!"7!;$)o1!#(!3,7!Lffg]7!X1!>)1%(&)1!2#!,3!A)+&(&)1!#(!2#!
,03/A,&(*2#!2*!/)*:#/#1(!$43,&+4<!,#+!C$3+!2#!,#:&#$!A#*:#1(!:3$&#$!!"#$%&'(<*7!J1!/*+%,#!A#*(!
2)1%!M($#!&/A,&.*4!*1&.*#/#1(!231+!*1#!A3$(&#!2*!/)*:#/#1(!WU*$):!Lff`]7!

! ")!
! !
!
N&?*$#!`!m!C$3+!2#!,#:&#$!
P!?3*%5#!m!24>&1&(&)1!20*1!C$3+!2#!,#:&#$!W/)/#1(!3$/]!!
5((A+mrr+($#++):#$+($3&17o)$2A$#++7%)/r(3?r()$.*#r!
P!2$)&(#!m!&,,*+($3(&)1!3*!1&:#3*!2#!,04A3*,#<!,#!C$3+!2#!,#:&#$!%531?#!#1!>)1%(&)1!2#!,3!A)+&(&)17!F,!3AA3$3w(!#1!
$)*?#7!@3!,&?1#!203%(&)1!#+(!,3!2&$#%(&)1!2#!,3!>,6%5#!1)&$#7!!
!5((Amrr)$#?)1+(3(#7#2*r&1+($*%(r#-++aLarP1?*,3$x\&1#(&%+r#,C)o/)/#1(3$/75(/!
!
=3$! #-#/A,#<! 3*! 1&:#3*! 2#! ,03$(&%*,3(&)1! ?,41)T5*/4$3,#<! ,#+! /*+%,#+! A$&1%&A3,#/#1(!
&/A,&.*4+!231+!%53.*#!/)*:#/#1(!#1!(31(!.*#!/)C&,&+3(#*$+!A$&1%&A3*-!+)1(!W[7!"7!"7!;$)o1!
#(!3,7!Lffgn!\*#%5,#!#(!3,7!K``g<!Lfff]!m!!!
-% >,#-&)1!m!2#,()q2#!31(4$&#*$<!+*A$34A&1#*-<!?$312!A#%()$3,!
-% #-(#1+&)1!m!2#,()q2#!A)+(4$&#*$<!?$312!$)12<!?$312!2)$+3,!
-% 3C2*%(&)1!m!+*A$3!4A&1#*-<!2#,()q2#!
-% 322*%(&)1!m!?$312!A#%()$3,<!?$312!2)$+3,!!
-% $)(3(&)1!&1(#$1#!m!+*C+%3A*,3&$#<!?$312!A#%()$3,!
-% $)(3(&)1!#-(#$1#!m!&1>$34A&1#*-<!A#(&(!$)12!
@#+!>)1%(&)1+!/)C&,&+3($&%#+!A$&1%&A3,#+!2#!%53.*#!/*+%,#!+)1(!$3AA)$(4#+!231+!,0311#-#!K7!!
!

)+7(,'(=4'>%-(8&13?#14(

@#!A,#-*+!C$3%5&3,!#+(!*1!A,#-*+!1#$:#*-!+&(*4!'!,3!C3+#!2*!%)*7!F,!3!A)*$!A$&1%&A3,#!>)1%(&)1!
,B'((#%60)'5(!43!$#$7%#!*381%'#3%7!@#+!>&C$#+!1#$:#*+#+!.*&!>)$/#1(!,#!A,#-*+!C$3%5&3,!+)1(!
&++*#+!2#+!$3/#3*-!:#1($3*-!2#+!1#$>+!+A&13*-!%#$:&%3*-!#(!(5)$3%&.*#+!W2#!/?!U!HV]!W\3((31!
#(!;)$+%5#,!LfKKn!;39)(!#(!X,I#>(3o9!LfKB]7!
@#!A,#-*+!C$3%5&3,!+h)$?31&+#!+*%%#++&:#/#1(!#1!%0&'(#*K!)%5(&*K!4'6'*'5(*K!;0'*&#03=K!7%0(&9#*!
)#%$'(0,#*!#)!(#%;*!81%'891%'23#*!W\3((31!#(!;)$+%5#,!LfKK]!W"#$%&'()@]7!
!

! "*!
!
N&?*$#!Kf!m!,#!A,#-*+!C$3%5&3,!
!
@#!A,*+!+)*:#1(!! !
-% @#+!$3%&1#+!Hc!#(!Hd!>*+&)11#1(!A)*$!>)$/#$!,#!($)1%!+*A4$&#*$!2*!A,#-*+!C$3%5&3,<!,3!
$3%&1#!Hg!#+(!+#*,#!'!,h)$&?&1#!2*!($)1%!/)9#1!#(!,#+!$3%&1#+!HB!#(!GK!>*+&)11#1(!A)*$!
>)$/#$!,#!($)1%!&1>4$&#*$!
-% H53%*1!2#!%#+!($)1%+!+#!2&:&+#!#1+*&(#!#1!*1#!C$31%5#!2)$+3,#!#(!*1#!C$31%5#!:#1($3,#!!
-% @#+! ($)&+! C$31%5#+! 2)$+3,#+! +#! $4*1&++#1(! A)*$! >)$/#$! ,#! >3&+%#3*! A)+(4$&#*$7! @#+!
C$31%5#+! :#1($3,#+! 2#+! ($)1%+! +*A4$&#*$! #(! /)9#1! +#! $4*1&++#1(! A)*$! >)$/#$! ,#!
>3&+%#3*!,3(4$3,7!@3!C$31%5#!:#1($3,#!2*!($)1%!&1>4$&#*$!2#:&#1(!,#!>3&+%#3*!/42&3,7!
-% @#+!($)&+!>3&+%#3*-!>)$/#1(!,#!1#$>!/*+%*,)!%*(314<!,#!1#$>!/42&31<!,#!1#$>!*,13&$#<!,#!
1#$>!$32&3,!#(!,#!1#$>!3-&,,3&$#7!
R&>>4$#1(+! (#%;*! &5,,0)1%03=! 4/#$?#1(! 2#+! $3%&1#+! 1#$:#*+#+<! ($)1%+! #(! >3&+%#3*-7! P&1+&<! ,#+!
$3%&1#+!2)11#1(!,#!1#$>!+%3A*,3&$#!2)$+3,!&++*!2#!Hc!n!,#!1#$>!(5)$3%&.*#!,)1?!&++*!2#!Hc<!Hd!n!#(!
,#!A$#/&#$!1#$>!&1(#$%)+(3,!WGK]7!@#!($)1%!+*A4$&#*$!2)11#!,#!1#$>!+*A$3T+%3A*,3&$#!#(!,#!1#$>!
+*C%,3:&#$7!@#!>3&+%#3*!,3(4$3,!2)11#!,#!1#$>!A#%()$3,!,3(4$3,7!@#!>3&+%#3*!/42&3,!2)11#!,#!1#$>!
A#%()$3,!/42&3,<!,#+!1#$>+!%*(314+!/42&3*-!2*!C$3+!#(!2#!,03:31(TC$3+7!@#!>3&+%#3*!A)+(4$&#*$!
2)11#!,#!1#$>!+*C+%3A*,3&$#!+*A4$&#*$<!,#!1#$>!(5)$3%)T2)$+3,!#(!,#!1#$>!+*C+%3A*,3&$#!&1>4$&#*$7!!
!

! #+!
@#!(3C,#3*!#1!311#-#!K!$3AA)$(#!,h&11#$:3(&)1!2#+!/*+%,#+!&1(#$:#131(!231+!,3!/)C&,&(4!2*!
/#/C$#!+*A4$&#*$!W4A3*,#!%)*2#!A)&?1#(]7!!!
!
! !

! #"!
B(G#(,#+#$%&/'(*3&242+/5#$'(61(,$':1&(3+#5-/#$(

@3!A3$3,9+&#!)C+(4($&%3,#!2*!A,#-*+!C$3%5&3,!W=V=;]!#+(!*1#!A3$4+&#!20*1!/#/C$#!+*A4$&#*$!
%5#I!,#!C4C4!+#%)123&$#!'!*1#!,4+&)1!2*!A,#-*+!C$3%5&3,!'!,3!13&++31%#7!!
!

(/+)(A'-3&#=2#.5(B'(41(:141B#'(

@3!A3$3,9+&#!)C+(4($&%3,#!2*!A,#-*+!C$3%5&3,!3!*1#!&1%&2#1%#!#+(&/4#!'!V>-WVXXX!(0'**0(&#*!
WH53*531<!;,3%Oo#,,<!#(!P131(5!LfKb]7!@#+!>3%(#*$+!2#!$&+.*#!2#!=V=;!+)1(!/3(#$1#,+!W)C4+&(4<!
?3&1!2#!A)&2+!#-%#++&>!2*$31(!,3!?$)++#++#<!2&3C6(#<!l?#!3:31%4]<!>y(3*-!WA)&2+!2#!13&++31%#!
4,#:4]<! #(! ,&4+! '! ,03%%)*%5#/#1(! W3%%)*%5#/#1(! A3$! :)&#! C3++#! #(! A,*+! A3$(&%*,&6$#/#1(!
3%%)*%5#/#1(!A3$!,#!+&6?#<!29+()%&#!2#+!4A3*,#+<!($3:3&,!A$),)1?4<!*(&,&+3(&)1!2#!>)$%#A+!#(r)*!
2#! :#1()*+#]! W"),,C#$?! #(! 3,7! Lffcn! VOC9! #(! 85#&1#$! LfKLn! t#&I+3#%O#$<! R#3:#$<! #(! H)5#1!
Lffg]7!
!
@#+! ,4+&)1+! )C+(4($&%3,#+! 2*! A,#-*+! C$3%5&3,! +)1(! ,#! A,*+! +)*:#1(! %3*+4#+! A3$! 3(! 1)'%#$#()!
#=&#**';!4#*!%0&'(#*!(#%6#3*#*<!+)&(!,)$+!20*1#!($3%(&)1!+*$!,3!(M(#<!+)&(!,)$+!20*1#!($3%(&)1!2*!
/#/C$#!+*A4$&#*$!WPC&2!LfKd]7!@3!,4+&)1!2*!A,#-*+!C$3%5&3,!A#*(!+*$:#1&$!2#!,h)$&?&1#!2#!,3!
/)#,,#!4A&1&6$#!3*-!C$31%5#+!(#$/&13,#+!W\3((31!#(!;)$+%5#,!LfKK]7!R*!>3&(!2#!,3!%)/A,#-&(4!
2*!A,#-*+!C$3%5&3,<!&,!#-&+(#!*1#!Q%0(4#!4'6#%*')1!4#!&5$7'(0'*5(*!)915%'23#*!2#!,4+&)1+!3*!
+#&1!2#+!4,4/#1(+!%)1+(&(*31(!,#!A,#-*+!C$3%5&3,!W^31?!LfKb]7!@#+!$3%&1#+!Hc!#(!Hd!+)1(!,#+!A,*+!
>$4.*#//#1(!()*%54#+<!4:#1(*#,,#/#1(!#1!3++)%&3(&)1!3:#%!,3!$3%&1#!Hg7!@#!A,#-*+!%)/A,#(!
#+(!/)&1+!+)*:#1(!3((#&1(!WPC&2!LfKdn!z3>#&$&)*!#(!=+9%5)?&)*!LffB]7!@#+!,4+&)1+!A$)-&/3,#+!
+)1(!3AA#,4#+!u!,4+&)1+!A$4T?31?,&)113&$#+!v!)*!u!3:*,+&)1!2#!$3%&1#!v7!@#+!,4+&)1+!A,*+!2&+(3,#+!
+)1(!3AA#,4#+!u!,4+&)1+!A)+(T?31?,&)113&$#+!v7!R&>>4$#1(+!(9A#+!203((#&1(#+!1#$:#*+#+!A#*:#1(!
+*$:#1&$!231+!%#!%3+!m!1#*$)(/4+&+<!3-)1)()/4+&+!#(!1#*$3A$3-&#!WS32*%53!#(!3,7!LfKgn!PC&2!
LfKd]!W"#$%&'())]7!J1#!80%1*'#!43!$#$7%#!*381%'#3%!+*$:&#1(!3:#%!3((#&1(#!2#+!/*+%,#+!#1!
>)1%(&)1!2#!,#*$!&11#$:3(&)1!$32&%*,3&$#!#(!2#!,3!?$3:&(4!2#!,3!,4+&)1!2#+!$3%&1#+!1#$:#*+#+7!!
!

! ##!
!
N&?*$#!KK!m!P((#&1(#!1#$:#*+#!2*!A,#-*+!C$3%5&3,!
84.*#1%#!2#!,4+&)1+!1#$:#*+#+!3,,31(!2#!,03:*,+&)1<!3*!1#*$)(/#+&+<!'!,3!1#*$3A$3-&#7!
5((A+mrr)C?91O#97%)/rC$3%5&3,TA,#-*+TC&$(5TA3,+9T/&%$)+*$?#$9r!
!
Y3$3O3+! #(! ;&$%5! WY3$3O3+! K`Bgn! P,TZ3((31! #(! 3,7! Lff`]! )1(! A$)A)+4! *1#! %,3++&>&%3(&)1! #1!
>)1%(&)1!2#!,3!A$4+#1(3(&)1!%,&1&.*#!m!!
-% ?$)*A#! F! WHcTHd]! 3:#%! A3$4+&#! 3*! 1&:#3*! 2#! ,04A3*,#! #(! 2*! C&%#A+<! %)$$#+A)1231(! '!
,03((#&1(#!,3!A,*+!>$4.*#1(#!n!%#!?$)*A#!#+(!3*++&!3AA#,4!A3$3,9+&#!20X$C!
-% !?$)*A#!FF!WHcTHg]!3:#%!A3$4+&#!3*!1&:#3*!2#!,04A3*,#<!2*!C&%#A+!#(!2#+!#-(#1+#*$+!2#!
,03:31(TC$3+!
-% ?$)*A#!FFF!WHcTGK]!3:#%!A3$4+&#!%)/A,6(#!2*!/#/C$#!+*A4$&#*$!
-% ?$)*A#! FE!! 3:#%! A3$4+&#! %)/A,6(#! 2*! /#/C$#! +*A4$&#*$! #(! +912$)/#! 2#! U)$1#$!
W3++)%&31(!*1!/9)+&+<!*1!A()+&+!#(!*1#!31592$)+#!,)%3,&+4#]7!!
@3!A3$3,9+&#!2#!\*/AO#!WHBTGK]!#+(!$3$#<!3:#%!A3$4+&#!2*!A)&?1#(!#(!2#!,3!/3&17!!
!
@3! /3D)$&(4! 2#+! A3$4+&#+! #+(! (#/A)$3&$#7! @3! $4%*A4$3(&)1! 1#*$),)?&.*#! #+(! 07*#()#! 53!
'(&5$8,P)#!40(*!#(6'%5(!YXZ!4#*!&0*!WH53*531<!;,3%Oo#,,<!#(!P131(5!LfKb]7!@3!,)%3,&+3(&)1!
2#!,03((#&1(#!1#$:#*+#!W+*A4$&#*$#<!&1>4$&#*$#<!%)/A,6(#]!#(!+)1!&/A)$(31%#!W3:*,+&)1<!$*A(*$#]!
%)12&(&)11#1(!,#!A$)1)+(&%!2#!$4%*A4$3(&)1!Wz3>#&$&)*!#(!=+9%5)?&)*!LffBn!^31?!LfKb]7!!
!
@#+!#1>31(+!3:#%!*1#!3((#&1(#!1#$:#*+#!A,*+!?$3:#!?3$2#$)1(!2#+!*123#,,#*!%)/A$#131(<!3*!
+#1+! 2#! ,3! %,3++&>&%3(&)1! &1(#$13(&)13,#! 2*! >)1%(&)11#/#1(! WHFN]<! 2#+! 41;'&'#(&#*K! 3(#!
,'$')0)'5(!4#*!0&)'6')1*K!4#*!%#*)%'&)'5(*!4#!80%)'&'80)'5(!#)!3(#!%143&)'5(!4#!,0!230,')1!4#!6'#!

! #$!
!6#$%&'( )/*7! @#+! 24>&%&#1%#+! +#$)1(! /3D)$&(3&$#/#1(! +#%)123&$#+! '! ,03((#&1(#! /*+%*,)T
+.*#,#((&.*#!3:#%!*1#!A#$(#!2#!>)$%#<!*1#!A#$(#!2#!/)C&,&(4!A3++&:#!#(!3%(&:#7!@#+!,&/&(3(&)1+!
2#+! 3%(&:&(4+! #(! $#+($&%(&)1+! 2#! A3$(&%&A3(&)1! +)1(! #1! ,&#1! 3:#%! ,3! 2&/&1*(&)1! 2#! /)C&,&(4! 2*!
/#/C$#!+*A4$&#*$!#(!,#+!%)1+4.*#1%#+!#+(54(&.*#+!W[*,O3!#(!E312#$!U3:#!LfKKn!z3>#&$&)*!#(!
=+9%5)?&)*!LffBn!83$3%!#(!3,7!LfKan!U*,,#C#$?!#(!3,7!LfKbn!8.*&(&#$&!#(!3,7!LfKan!;3#<!t3(#$+<!#(!
z*$3O)o+O&!LffBn!;*(,#$!#(!3,7!LfKg]7!P&1+&<!,#+!#1>31(+!A)*$$)1(!A$4+#1(#$!2#+!2&>>&%*,(4+!'!
,04%$&(*$#! )*! +#$)1(! ?M14+! 231+! ,#*$! A3$(&%&A3(&)1! 3*-! 3%(&:&(4+! +A)$(&:#+! 14%#++&(31(! 2#+!
A$45#1+&)1+!C&/31*#,,#+7!!

!
N&?*$#!KL!m!H,3++&>&%3(&)1!&1(#$13(&)13,#!2*!>)1%(&)11#/#1(<!2*!5312&%3A!#(!2#!,3!+31(4!WHFN]!
@#+!24>&%&#1%#+!m!24+&?1#1(!2#+!A$)C,6/#+!231+!,3!>)1%(&)1!)$?31&.*#!){!,3!+($*%(*$#!313()/&.*#!(#,!.*h*1!
4%3$(!)*!*1#!A#$(#!&/A)$(31(#7!
@#+!3%(&:&(4+!m!24+&?1#1(!,h#-4%*(&)1!2h*1#!(l%5#!)*!2h*1#!3%(&)1!A3$!*1#!A#$+)11#7!
@3!A3$(&%&A3(&)1!24+&?1#!,h&/A,&%3(&)1!2h*1#!A#$+)11#!231+!*1#!+&(*3(&)1!2#!:&#!$4#,,#7!
@#+!,&/&(3(&)1+!2h3%(&:&(4+!24+&?1#1(!,#+!2&>>&%*,(4+!.*#!$#1%)1($#!*1#!A#$+)11#!231+!,h#-4%*(&)1!2h3%(&:&(47!
@#+!$#+($&%(&)1+!2#!A3$(&%&A3(&)1!m!24+&?1#1(!,#+!A$)C,6/#+!.*h*1#!A#$+)11#!A#*(!$#1%)1($#$!231+!+)1!
&/A,&%3(&)1!231+!*1#!+&(*3(&)1!$4#,,#7!
!

/+/(C22'#52'(:%-3%4.D-E%'4'22#E%'(B'(4FG=1%4'(B'-('5"152-(1H'3(IJIK((

H5#I!,#+!#1>31(+!3:#%!=V=;<!,#+!&5(*123#(&#*!$3*&3,5G*23#,#))'23#*!2#!,03((#&1(#!2*!A,#-*+!
C$3%5&3,!#(!2#!,3!241#$:3(&)1!+)1(!/3D#*$#+!3*!1&:#3*!2#!,04A3*,#!#(!A#$+&+(#1(!'!,0l?#!32*,(#!
W=3$($&2?#! #(! X2o3$2+! Lffbn! U*,,#C#$?! #(! 3,7! LfKb]7! @03((#&1(#! 2#! ,04A3*,#! #+(! ,3! 8%'(&'80,#!
&03*#!4#!$5%7'4')1!231+!%#((#!A)A*,3(&)1!W"&%53#,!@7!=#3$,!Lff`n![*,O3!#(!E312#$!U3:#!LfKKn!
;35/!#(!3,7!Lffgn!8&C&1+O&!#(!3,7!LfKfn!:31!Q#,#&1!E&($&1?3!#(!3,7!Lff`n!=#(#$!"7!t3(#$+!#(!3,7!
Lff`n!=7!"7!t3(#$+<!8/&(5!#(![3$3/&,,)!K``B]7!!

! #%!
P*!1&:#3*!2#!,04A3*,#<!)1!$#($)*:#!,#!A,*+!+)*:#1(!*1#!$4($3%(&)1!#1!$)(3(&)1!&1(#$1#!)*!*1#!
,&/&(3(&)1!&/A)$(31(#!2#+!3/A,&(*2#+!3$(&%*,3&$#+!A3++&:#+!#1!$)(3(&)1!#-(#$1#<!*1#!,&/&(3(&)1!
2#+!3/A,&(*2#+!3$(&%*,3&$#+!2#!,04A3*,#!A,*+!/)24$4#!231+!,#+!3*($#+!2#?$4+!2#!,&C#$(4<!*1#!
2&/&1*(&)1!2#!>)$%#!#(!2#+!3/A,&(*2#+!3$(&%*,3&$#+!3%(&:#+7!
!

L7L7K!H#$%,#!:&%&#*-!2#!,3!24>)$/3(&)1!/*+%*,)T+.*#,#((&.*#!
!
R*! >3&(! 2#! ,#*$! &11#$:3(&)1<! ,#+! /*+%,#+! ?,41)T5*/4$3*-! W85#13.! #(! 3,7! Lffc]! +)1(!
+9+(4/3(&.*#/#1(!3>>#%(4+!%5#I!,#+!#1>31(+!3:#%!=V=;!+31+!$4%*A4$3(&)1!%)/A,6(#7!@03((#&1(#!
2#+! /*+%,#+! #+(! '! ,0)$&?&1#! 20*1! &90(Q#$#()! 03! ('6#03! 4#*! &5()%0'()#*! $1&0('23#*!
+0#-#$k31(!+*$!,03$(&%*,3(&)1!?,41)T5*/4$3,#!#(!20*1#!24>)$/3(&)1!($&2&/#1+&)11#,,#!2#!%#,,#T
%&7! H#((#! 24>)$/3(&)1! ?M1#! '! +)1! ()*$! ,#! >)1%(&)11#/#1(! /*+%*,3&$#! #(! ,#! /)*:#/#1(7!
@0#1+#/C,#!>)$/#!*1!%#$%,#!:&%&#*-!!"#$%&'()0*7!!!

!
N&?*$#!Ka!m!%#$%,#!:&%&#*-!2#!,03((#&1(#!2#!,04A3*,#!%5#I!,#+!#1>31(+!3:#%!=V=;!

L7L7L!P((#&1(#!/*+%*,3&$#!
!
@3! 241#$:3(&)1! &12*&(! 2#+! /)2&>&%3(&)1+! /)$A5),)?&.*#+! #(! +($*%(*$#,,#+<! A59+&),)?&.*#+<!
/4(3C),&.*#+!#(!C&)%5&/&.*#+!2#+!/*+%,#+!W"&2$&)!Lffd]!3931(!A)*$!A$&1%&A3,#!%)1+4.*#1%#!
*1#!3,(4$3(&)1!2#!,#*$+!A$)A$&4(4+!%)1($3%(&,#+7!@3!2&/&1*(&)1!2#+!+),,&%&(3(&)1+!/4%31&.*#+<!
2*! >3&(! 2#! ,3! A3$4+&#! 3>>#%(31(! ,0#1+#/C,#! 2*! /#/C$#! +*A4$&#*$<! 3! 4?3,#/#1(! 2#+!
%)1+4.*#1%#+!A$)A$#+!(#,,#+!.*0*1#!3($)A5&#<!)*!*1!%531?#/#1(!2#!%)/A)+&(&)1!2#+!/*+%,#+!

! #&!
3:#%!3,(4$3(&)1!2#!,#*$+!A$)A$&4(4+!>)1%(&)11#,,#+!WH,3$O<!H))O!#(!=,)*(IT8192#$!Lffgn!Q&$)*-T
"#(?#+!#(!3,7!Lffc]7!
!
H5#I!,0#1>31(!3:#%!=V=;<!,#+!4(*2#+!4:3,*31(!,03((#&1(#!/*+%*,3&$#!3:3&#1(!,#!A,*+!+)*:#1(!A)*$!
)CD#%(&>! A$&1%&A3,! ,04(*2#! 2#! ,0&/A3%(! 2#! %#((#! 3((#&1(#! 231+! ,3! ?#16+#! 2#! ,3! 24>)$/3(&)1!
)++#*+#!!"#$%&'()7*7!R31+!%#+!4(*2#+<!,O0))#'()#!43!$3*&,#!*37*&083,0'%#!#+(!A$42)/&131(#<!
3:#%! *1#! 0)%589'#! $0%231#! WU)?#12))$1! #(! 3,7! LfKfn! :31! Q#,#&1! E&($&1?3! #(! 3,7! Lff`n! E31!
Q#,#&1! E&($&1?3! #(! 3,7! LfKKn! =|95&}! #(! 3,7! Lffc]7! @3! *)%3&)3%#! 9'*)5,5Q'23#! 2#! %#! /*+%,#! #+(!
$#($)*:4#!3,(4$4#!3:#%!*1#!3*?/#1(3(&)1!2#!,3!$3&2#*$!2#+!>&C$#+!/*+%*,3&$#+<!*1#!+*$>3%#!
2#+!>&C$#+!#(!*1#!,)1?*#*$!+3$%)/4$&.*#!A,*+!>3&C,#+!A3$!$3AA)$(!'!2#+!/*+%,#+!2*!/#/C$#!
+*A4$&#*$! 2#! +*D#(+! +31+! A3(5),)?&#! 1#*$)/*+%*,3&$#<! #-A,&.*31(! ,3! $4($3%(&)1! #1! $)(3(&)1!
&1(#$1#!204A3*,#!%5#I!%#+!#1>31(+!WX&13$++)1!#(!3,7!LffB]7!J1#!0)%589'#!(5)07,#!43!$3*&,#!
'(;%018'(#3=!#+(!4?3,#/#1(!/)1($4#!W:31!Q#,#&1!E&($&1?3!#(!3,7!Lff`n!E31!Q#,#&1!E&($&1?3!#(!
3,7!LfKKn!=|95&}!#(!3,7!Lffc]7!@#+!/*+%,#+!2#,()q2#<!?$312!A#%()$3,!#(!+*A$3T4A&1#*-!)1(!4(4!
A#*! 4(*2&4+<! &,+! +#/C,3&#1(! 23:31(3?#! A$4+#$:4+! W=#(#$! "7! t3(#$+! #(! 3,7! Lff`n! E31! Q#,#&1!
E&($&1?3!#(!3,7!LfKKn!:31!Q#,#&1!E&($&1?3!#(!3,7!Lff`n!=|95&}!#(!3,7!Lffc]7!R#+!%)$$4,3(&)1+!#1($#!
,#+! 3((#&1(#+! /*+%*,3&$#+! &12&:&2*#,,#+! 2#+! /*+%,#+! +*C+%3A*,3&$#! #(! &1>$34A&1#*-! #(! ,3!
24>)$/3(&)1!)++#*+#!2#!,03$(&%*,3(&)1!?,41)T5*/4$3,#!/#+*$4#!231+!,#!A,31!3-&3,!W$4($):#$+&)1!
2#!,3!?,61#<!+*C,*-3(&)1!2#!,05*/4$*+]!)1(!4(4!$#($)*:4#+!WU)?#12))$1!#(!3,7!LfKfn!=|95&}!#(!
3,7! Lffcn! E31! Q#,#&1! E&($&1?3! #(! 3,7! LfKKn! =#(#$! "7! t3(#$+! #(! 3,7! Lff`]7! @#! /*+%,#! ?$312!
A#%()$3,<! '! ,0)$&?&1#! 20*1! 24+4.*&,&C$#! /*+%*,3&$#! #1($#! ,#+! $)(3(#*$+! &1(#$1#+! #(! #-(#$1#+!
A)*$$3&(!4?3,#/#1(!M($#!&/A,&.*4!231+!,3!?#16+#!2#!,3!24>)$/3(&)1!)++#*+#!W=#(#$!"7!t3(#$+!
#(!3,7!Lff`]7!!
!
R&>>4$#1(#+! 4(*2#+! ($3&(31(! 2#! ,03((#&1(#! /*+%*,3&$#! )1(! 4(4! $43,&+4#+! &9#:! ,O0('$0,<!
1)(3//#1(! ,3! +)*$&+! )*! ,#! $3(<! %5#I! ,#+.*#,+! 2#+! A3$3,9+&#+! 2*! A,#-*+! C$3%5&3,! )*! 2#+!
241#$:3(&)1+! /*+%*,3&$#+! A#*:#1(! M($#! $43,&+4#+! ,)$+! 20#-A4$&/#1(3(&)1+! D*+(#! 3A$6+! ,3!
13&++31%#7!H5#I!%#+!31&/3*-<!*1#!41Q1(1%#*&#(&#!$3*&3,0'%#!06#&!'(;',)%0)'5(!Q%0'**#3*#<!#1!
,&#1!3:#%!*1#!29+$4?*,3(&)1!231+!,0#-A$#++&)1!2#+!?61#+!/9)?41&.*#+!#(!32&A)?61#+!WR3+!#(!
3,7!LfKKn!U7!"7!\&/!#(!3,7!LfKf]!#+(!/)1($4#!+*&(#!'!*1#!241#$:3(&)1!2*!/*+%,#!+*A$3T4A&1#*-7!
R#+! 41*123','7%#*! $3*&3,0'%#*! #1($#! ,#+! $)(3(#*$+! &1(#$1#+! #(! #-(#$1#+! W+*C+%3A*,3&$#! #(!
&1>$34A&1#*-]! #(! *1#! A#$(*$C3(&)1! 2#! ,3! %$)&++31%#! /*+%*,3&$#! 231+! ,3! ?#16+#! 2#! ,3!

! #'!
24>)$/3(&)1!2#!,03$(&%*,3(&)1!?,41)T5*/4$3,#!+#!/#((#1(!#1!A,3%#7!F,+!+)1(!'!,0)$&?&1#!20*1#!
4'$'(3)'5(!4#*!85**'7',')1*!4#!%5)0)'5(!#=)#%(#!80**'6#!204A3*,#!#(!20*1#!/)2&>&%3(&)1!2#+!
%)1($3&1(#+!/4%31&.*#+!#-#$%4#+!+*$!,0)+!3931(!A)*$!%)1+4.*#1%#!,3!?#16+#!2#!,3!24>)$/3(&)1!
2#!,03$(&%*,3(&)1!?,41)T5*/4$3,#!W8),232)!#(!3,7!LfKbn!G3(3$3!#(!3,7!LfKb]7!H#+!4(*2#+!4(31(!
$43,&+4#+!%5#I!,031&/3,<!,#*$+!%)1%,*+&)1+!+)1(!'!&1(#$A$4(#$!3:#%!A$4%3*(&)1!%5#I!,0#1>31(!3:#%!
=V=;!W8),232)!#(!3,7!LfKL]7!!
!
R#*-! 4(*2#+<! $43,&+4#+! A3$! *1#! /M/#! 4.*&A#<! 3931(! A)*$! )CD#%(&>! A$&1%&A3,! 2#! /&#*-!
%)/A$#12$#!,#+!>3%(#*$+!/*+%*,3&$#+!&/A,&.*4+!231+!,3!?#16+#!2#!,3!24>)$/3(&)1<!)1(!*(&,&+4!
2#+!/)24,&+3(&)1+!C&)/4%31&.*#+!2#!,04A3*,#!WH$)*%5!#(!3,7!LfKbn!H5#1?!#(!3,7!LfKc]7![#8)!
$3*&,#*!W&1>$34A&1#*-<!+*C+%3A*,3&$#<!?$312!2)$+3,<!%5#>!,)1?!2*!C&%#A+<!2#,()q2#!31(4$&#*$<!
?$312! A#%()$3,<! %5#>! ,)1?! 2*! ($&%#A+]! )1(! 4(4! &2#1(&>&4+! %)//#! A)*:31(! A$)2*&$#! *1#!
3*?/#1(3(&)1! 2#! ,3! >)$%#! A)+(4$&#*$#! +03AA,&.*31(! +*$! ,03$(&%*,3(&)1! ?,41)T5*/4$3,#! #(!
>3:)$&+31(!,3!$4($):#$+&)1!2#!,3!?,61#!3&1+&!.*#!,3!+*C,*-3(&)1!A)+(4$&#*$#!2#!,3!(M(#!5*/4$3,#!
WH$)*%5!#(!3,7!LfKb]7!NO0**5&'0)'5(!4#*!41*123','7%#*!$3*&3,0'%#*!#)!4#!,0!8#%)3%70)'5(!4#!,0!
&%5'**0(&#!2#!%#+!/*+%,#+!3*$3&(!,0&/A3%(!,#!A,*+!>)$(<!%)/A3$4!3*!24+4.*&,&C$#!/*+%*,3&$#!+#*,!
)*! '! ,3! A#$(*$C3(&)1! 2#! ,3! %$)&++31%#! &+),4#7! R#+! &/A,&%3(&)1+! A)*$! ,3! A$&+#! #1! %53$?#! 2#+!
#1>31(+!3:#%!=V=;!#1!4(3&#1(!242*&(#+7!H#+!4(*2#+!A$4+#1(3&#1(!()*(#>)&+!%#$(3&1#+!,&/&(#+7!
G)*(!203C)$2<!,#!/)26,#!*(&,&+3&(!2#+!2)114#+!313()/&.*#+!A$):#131(!204(*2#+!%3$3%(4$&+31(!
,04A3*,#!%5#I!,032*,(#!WU),IC3*$<!"*$$39<!#(!R#,A!Lffc]7!R#!A,*+<!+#*,!,#!A,31!($31+:#$+3,!4(3&(!
%)1+&24$4!231+!,#!$3&+)11#/#1(7!X1>&1<!231+!,#+!/)24,&+3(&)1+<!,#+!3((#&1(#+!+&/*,4#+!4(3&#1(!
,#+!/M/#+!A)*$!%53.*#!/*+%,#7!!
!
H5#I!,0#1>31(!3:#%!=V=;<!*1#!24?414$#+%#1%#!2#+!/*+%,#+!20&/A)$(31%#!:3$&3C,#!+*&(#!'!,3!
241#$:3(&)1! +*$:&#1(7! NO0))#'()#! 43! &538,#! *37*&083,0'%#G'(;%018'(#3=K! 4#! $T$#! 23#! ,0!
8#%)3%70)'5(!4#!,0!&%5'**0(&#!#)!,#*!$54';'&0)'5(*!4#!,O0%&9')#&)3%#!43!$3*&,#!*37*&083,0'%#!
*5()!4#*!85'()*!&,1*!40(*!,0!80)95,5Q'#!4#!,O1803,#!4#*!#(;0()*!06#&!DEDF>!H#+!4,4/#1(+!+)1(!
&/A,&.*4+!231+!,3!$4($):#$+&)1!2#!,3!?,61#!#(!,3!/&?$3(&)1!A)+(4$&#*$#!2#!,3!(M(#!2#!,05*/4$*+7!!
@3!/3D)$&(4!2#+!4(*2#+!3!%#A#1231(!4(*2&4!*1!1)/C$#!$#+($#&1(!2#!/*+%,#+7!N#*!41*123','7%#*!
4#!;5%&#*!#)!,0!8#%)3%70)'5(!4#*!$536#$#()*!4#!,O1803,#!40(*!,#*!)%5'*!8,0(*!4#!,O#*80&#!
W;$)%53$2<!P,(#$<!#(!R3/&31)!LfKb]<!WA3$3?$3A5#!L7a]K!,0!41;5%$0)'5(!)%'4'$#(*'5((#,,#!4#!
,O0%)'&3,0)'5(! Q,1(5! 93$1%0,#! W;$)%53$2! #(! 3,7! LfKdn! N$&%5<! 8%5/&2(! #(! G)$>&1?! LfKg]! #)! ,#!

! #(!
85)#()'#,!'$80&)!4#!(5$7%#3=!$3*&,#*!40(*!,0!Q#(P*#!4#!&#))#!41;5%$0)'5(!40(*!,#*!1)34#*!
4#!*'$3,0)'5(!WH5#1?!#(!3,7!LfKcn!H$)*%5!#(!3,7!LfKb]!*5()!4#*!1,1$#()*!$5()%0()!,O'()1%T)!4#!
&9#%&9#%! 3(#! 0))#'()#! 8,3*! Q,570,#! 4#*! $3*&,#*! 4#! ,O1803,#! #)! 4#*! 41*123','7%#*! 40(*! ,#*!
&538,#*!0Q5('*)#*G0()0Q5('*)#*>!J1#!/#&,,#*$#!%)113&++31%#!2#!,03((#&1(#!2#!,0#1+#/C,#!2#+!
/*+%,#+!2#!,04A3*,#!A)*$$3&(!3&1+&!3&2#$!'!,3!%)/A$45#1+&)1!A,*+!?,)C3,#!2#+!,&/&(3(&)1+!2*!
/)*:#/#1(!#(!2#!,3!24>)$/3(&)1!($&2&/#1+&)11#,,#!2#!,04A3*,#7!!!

!
N&?*$#!Kb!m!P((#&1(#!2#+!/*+%,#+!?,41)T5*/4$3*-!#1!FS"<!24>)$/3(&)1!?,41)T5*/4$3,#!3++)%&4#!
H)*A#+!($31+:#$+3,#+!GK!2#+!4A3*,#+!20*1!#1>31(!3:#%!3((#&1(#!2*!A,#-*+!C$3%5&3,!2$)&(!
P!m!4A3*,#!3((#&1(#<!;!m!4A3*,#!1)1!3((#&1(#<!R!m!2#,()&2#<!88!m!+*C+%3A*,3&$#<!F8!m!&1>$34A&1#*-<!Q!m!?,61#<!U!m!
5*/4$*+7!
WF++*!2#!U)?#12))$1!8!LfKf]7!
!
!
L7L7a!P((#&1(#!)++#*+#!
!
@#+! 24>)$/3(&)1+! )++#*+#+! 2#! ,03$(&%*,3(&)1! ?,41)T5*/4$3,#! W"#$%&'( )9]! +*$:&#11#1(! )%P*!
8%1&5&#$#()!231+!,#+!/)&+!+*&:31(!,3!13&++31%#!W:31!2#$!8,*&D+!#(!3,7!Lffbn!E31!Q#,#&1!E&($&1?3!
#(!3,7!LfKKn!Q$##15&,,!#(!3,7!LfKBn!F)$&)!#(!3,7!LfKc]<!A$&1%&A3,#/#1(!%5#I!,#+!#1>31(+!3931(!*1#!
3((#&1(#! 53*(#! 2#! A,#-*+! C$3%5&3,! W;53$2o3D! #(! 3,7! LfKan! U)?#12))$1! #(! 3,7! LfKf]7! H#+!
24>)$/3(&)1+! )1(! 4(4! 4(*2&4#+! 231+! 2#! 1)/C$#*-! 3$(&%,#+! #(! +)1(! 24+)$/3&+! C&#1! 24%$&(#+!
W;35/!#(!3,7!Lffgn!")*O)O)!#(!3,7!Lffbn!E31!2#$!8,*&D+!#(!3,7!Lffbn!E31!Q#,#&1!E&($&1?3!#(!3,7!
LfKKn!E31!2#$!8,*&D+!#(!3,7!LffKn!;$)%53$2!#(!3,7!LfKdn!N$&%5<!8%5/&2(!#(!G)$>&1?!LfKgn!X&+/311!
#(!3,7!LfKc]7!X,,#+!+)1(!%3$3%(4$&+4#+!A3$!*1!#=&P*!4#!%1)%56#%*'5(!4#!,0!Q,P(#K!3(#!5%'#()0)'5(!
6#%*!,#!70*!#)!3(#!41;5%$0)'5(!4#!&#,,#G&'K!3(#!$'Q%0)'5(!85*)1%'#3%#K!'(;1%'#3%#!#)!$14'0,#!
4#!,0!)T)#!93$1%0,#!3,,31(!A$)?$#++&:#/#1(!:#$+!,3!,*-3(&)1!%)/A,6(#!!"#$%&'()9*!W;35/!#(!3,7!

! #)!
Lffgn!")*O)O)!#(!3,7!Lffbn!E31!2#$!8,*&D+!#(!3,7!Lffbn!E31!Q#,#&1!E&($&1?3!#(!3,7!LfKKn!E31!2#$!
8,*&D+!#(!3,7!LffKn!;$)%53$2!#(!3,7!LfKdn!N$&%5<!8%5/&2(!#(!G)$>&1?!LfKgn!X&+/311!#(!3,7!LfKc]7!!
!

!
N&?*$#!Kc!m!R4>)$/3(&)1!2#!,03$(&%*,3(&)1!?,41)T5*/4$3,#!%5#I!,0#1>31(!3:#%!=V=;!#1!FS"<!C&2&/#1+&)11#,,#!#(!
($&2&/#1+&)11#,,#!
X1!53*(!'!?3*%5#m!%)*A#!($31+:#$+3,#!FS"!20*1#!4A3*,#!24>)$/4#!%5#I!*1!#1>31(!3:#%!=V=;7!!
X1!53*(!'!2$)&(#!m!/&?$3(&)1!2#!,3!(M(#!5*/4$3,#!#1!3$$&6$#!#(!#1!C3+!%5#I!,#!/M/#!#1>31(7!!
X1!2#++)*+!m!:#$+&)1!?,41)&2&#11#!3:#%!)$&#1(3(&)1!2#!,3!?,61#!#1!3$$&6$#!#(!#1!C3+!%5#I!,#!/M/#!#1>31(7!!
!WF++*!2#!;$)%53$2!8<!LfKd]!
!
!
/+0(I'&2%&812#.5(B%(:.%H':'52(3?'L(4'-('5"152-(1H'3(IJIK(

@3! 2&/&1*(&)1! 2#! ,3! >)1%(&)1! /*+%*,3&$#! 3:#%! ,3! A#$(#! 2#! >)$%#! +*&(#! '! ,3! 241#$:3(&)1<!
,03,(4$3(&)1!2#!,3!%$)&++31%#!#(!2#!,3!+($*%(*$#!2#+!/*+%,#+!/3&+!4?3,#/#1(!,#+!24>)$/3(&)1+!
)++#*+#+<!.*&!'!,#*$!()*$!,&/&(#1(!,03%(&)1!2#+!/*+%,#+!2*!>3&(!2#!,3!/)2&>&%3(&)1!2#!,#*$+!C$3+!
2#!,#:&#$!W=#(#$!"7!t3(#$+!Lffcn!U*,(?$#1!#(!3,7!LfKan!\&$O)+!#(!3,7!Lffcn!Y3(5!#(!=3&I&!Lffg]!
)1(!A)*$!%)1+4.*#1%#!*1#!8#%)3%70)'5(!4#*!$536#$#()*!43!$#$7%#!*381%'#3%!3((#&1(<!2#!
>3k)1!A$42)/&131(#!3*!1&:#3*!2#!,01803,#!W"39>&#,2!#(!3,7!LfKgn!F)$&)!#(!3,7!LfKcn!G3,C#$(!#(!
3,7!LfKKn!")+.*#23!#(!3,7!Lffbn!S*++)!#(!3,7!LfKb]7!R31+!%#$(3&1+!($3:3*-<!*1#!80%)'&'80)'5(!

! #*!
&#()%0,#! 3:#%! *1! A541)/61#! 20!u!3A$3-&#! 24:#,)AA#/#1(3,#!v! A)*$$3&(! A3$(&%&A#$! '! %#((#!
A#$(*$C3(&)1!2*!/)*:#/#1(!WH),)1<!E$#2#:#,2!#(!;,33*o!Lffgn!;)9,31!#(!N)*,32:312!LffKn!
P1?*#,):3!#(!3,7!LfKg]!!
!
H#((#!A#$(*$C3(&)1!2*!/)*:#/#1(!#+(!,#!A$&1%&A3,!>3%(#*$!'!,0)$&?&1#!2#+!,'$')0)'5(*!4O0&)'6')1!
#)!%#*)%'&)'5(*!4#!80%)'&'80)'5(!40(*!&#))#!8583,0)'5(7!@3!/3D)$&(4!2#+!#1>31(+!3:#%!=V=;!#+(!
24%$&(#!%)//#!&124A#1231(#!A)*$!,3!A,*A3$(!2#+!3%(&:&(4+!2#!:&#!.*)(&2&#11#+!W+053C&,,#$<!>3&$#!
+3! ()&,#((#<! +03,&/#1(#$]! /3&+! %#+! 3%(&:&(4+! A#*:#1(! M($#! $#++#1(&#+! %)//#! 2&>>&%&,#+! A3$! ,#+!
#1>31(+! WE31! 2#$! U),+(! #(! 3,7! LfKgn! U*,,#C#$?! #(! 3,7! LfKb]7! H#$(3&1#+! (l%5#+! A#*:#1(! M($#!
A3$(&%*,&6$#/#1(!%)/A,&.*4#+!'!#>>#%(*#$<!%)//#!/#(($#!,#!C$3+!231+!,3!/31%5#!20*1!A*,,!)*!
%)&1%#$!*1!A*,,!'!,03$$&6$#!2*!A31(3,)1!A)*$!,#+!D#*1#+!#1>31(+<!C)*()11#$!%5#I!,#+!#1>31(+!A,*+!
l?4+! W8*125),/<! X,&3++)1<! #(! N)$++C#$?! K``Bn! 8A33$?3$#1! #(! 3,7! LfKK]7! @3! A3$(&%&A3(&)1! '!
%#$(3&1+!+A)$(+!A#*(!+03:4$#$!24,&%3(#!W83$3%!#(!3,7!LfKa]7!@3!4#=)1%')1!43!$#$7%#!*381%'#3%!
3((#&1(!2#+!#1>31(+!3:#%!=V=;!/3&+!4?3,#/#1(!2*!/#/C$#!+*A4$&#*$!+3&1!#+(!/)&1+!C)11#!
.*#!%#,,#!20#1>31(+!A$4+#1(31(!*1!24:#,)AA#/#1(!(9A&.*#!WPO(3~!#(!3,7!LfKBn!F//#$/31!#(!3,7!
LfKLn!"3((5#o+!LfKB]7!!
!
H5#I!,#+!#1>31(+!3:#%!=V=;<!,04A3*,#!3!4(4!4(*2&4#!+A4%&>&.*#/#1(7!\O'$85%)0()#*!,'$')0)'5(*!
40(*! ,#*! 0$8,')34#*! 4#! $536#$#()*! 40(*! ,#*! )%5'*! 8,0(*! 4#! ,O#*80&#! 03! ('6#03! 4#!
,O0%)'&3,0)'5(! Q,1(5G93$1%0,#! WU#$&++)1! #(! 3,7! LfKgn! S*++)! #(! 3,7! LfKbn! R*>><! R3931&25&<! #(!
\)I&1! Lffg]<! 3:#%! *1#! ($6+! >)$(#! ,'$')0)'5(! 4#*! $536#$#()*! #(! %5)0)'5(! #=)#%(#! )1(! 4(4!
24%$&(#+7! @3! A#$(*$C3(&)1! 2#+! /)*:#/#1(+! 2#! ,04A3*,#! 2*! >3&(! 2#! ,3! $4($3%(&)1! #1! $)(3(&)1!
&1(#$1#! #+(! '! ,0)$&?&1#! 20*1#! /)2&>&%3(&)1! 2#+! >)$%#+! +0#-#$k31(! +*$! ,03$(&%*,3(&)1! ?,41)T
5*/4$3,#!W\,#&C#$!#(!3,7!LfKa]7!H#((#!/)2&>&%3(&)1!2#+!>)$%#+!2*$31(!,#!/)*:#/#1(!A)*$$3&(!
3:)&$!'!+)1!()*$!*1!&/A3%(!+*$!,3!41;5%$0)'5(!5**#3*#!W\,#&C#$!#(!3,7!LfKa]7!!
!
NO'()#%418#(40(&#!43!;5(&)'5((#$#()!4#*!0%)'&3,0)'5(*!#1($#!#,,#+<!/&+#!#1!4:&2#1%#!231+!
%#((#!A)A*,3(&)1!A3$!,3!A#$(*$C3(&)1!2*!$9(5/#!+%3A*,)T5*/4$3,!WU#$&++)1!#(!3,7!LfKgn!S*++)!
#(!3,7!LfKbn!R*>><!R3931&25&<!#(!\)I&1!Lffg]!3:#%!*1#!3*?/#1(3(&)1!2#!,3!/)C&,&(4!2#!,3!+%3A*,3!
A)*$!%)/A#1+#$!,3!,&/&(3(&)1!2#!/)C&,&(4!2#!,03$(&%*,3(&)1!?,41)T5*/4$3,#<!/)1($#!,0&1(4$M(!
20*1#!4:3,*3(&)1!2#!,0#1+#/C,#!2#+!3$(&%*,3(&)1+!2*!/#/C$#!+*A4$&#*$!WU),IC3*$<!"*$$39!#(!
R#,A! Lffc]! %5#I! %#+! #1>31(+7! H#,3! A#$/#(($3&(! %5#I! ,#+! #1>31(+! 3:#%! =V=;! *1#! /#&,,#*$#!

! $+!
%)/A$45#1+&)1!2#+!*)%0)1Q'#*!4#!$536#$#()!43!$#$7%#!*381%'#3%!3:#%!:&+*3,&+3(&)1!2#+!
8#%)3%70)'5(*!#(!,'#(!06#&!,O0))#'()#!43!8,#=3*!7%0&9'0,<!1)(3//#1(!3*!1&:#3*!2#!,04A3*,#<!
/3&+!3*++&!2#+!16#()3#,,#*!&5$8#(*0)'5(*!/&+#+!#1!A,3%#!231+!,#+!3$(&%*,3(&)1+!+*+!#(!+)*+T
D3%#1(#+7!H#,3!A)*$$3&(!3&1+&!3&2#$!'!,3!&5$8%19#(*'5(!4#*!,'$')0)'5(*!4O0&)'6')1!)CD#%(&:4#+!
%5#I!%#+!#1>31(+!#(!'!,0)$&#1(3(&)1!231+!,#+!A$)A)+&(&)1+!2#!A$&+#+!#1!%53$?#!(54$3A#*(&.*#+7!!
!

/+7(MH14%12#.5(8#.:G315#E%'('2(".532#.55'44'(B'-('5"152-(1H'3(IJIK(

@0#-3/#1!%,&1&.*#!$#%5#$%5#!,3!A$4+#1%#!2#!41;5%$0)'5(*K!*81&';'&')1*!4#!85*')'5((#$#()!#)!
160,3#! ,0! $57',')1! 80**'6#! #)! 0&)'6#! 2#! ,0#1+#/C,#! 2#+! 3$(&%*,3(&)1+! 2*! /#/C$#! +*A4$&#*$!
W"&%53#,! @7! =#3$,! Lff`]7! F,! #+(! %)/A,4(4! A3$! *1#! 4:3,*3(&)1! 2#! ,O3)','*0)'5(! 43! $#$7%#!
*381%'#3%! 3((#&1(! 2#! ,0#1>31(! 3*! .*)(&2&#1<! 2#+! ,&/&(3(&)1+! 203%(&:&(4<! #(! 2#+! $#+($&%(&)1+! 2#!
A3$(&%&A3(&)1!W8*125),/<!X,&3++)1!#(!N)$++C#$?!K``B]7!!
@04:3,*3(&)1!2#!,3!/)($&%&(4!A3++&:#!%)1+&+(#!#1!,0#-3/#1!2#+!3/A,&(*2#+!3$(&%*,3&$#+!A3++&:#+!
231+!,#+!($)&+!A,31+!2#!,0#+A3%#7!=)*$!,04:3,*3(&)1!2#!,3!/)($&%&(4!3%(&:#<!2&>>4$#1(#+!4%5#,,#+!
+#/&T.*31(&(3(&:#+<!>3%&,#/#1(!$43,&+3C,#+!#1!%)1+*,(3(&)1<!+)1(!*(&,&+3C,#+7!X,,#+!A#$/#((#1(!
2#!+(3123$2&+#$!,0#-3/#1!2*!/#/C$#!+*A4$&#*$!2#!,0#1>31(!3:#%!=V=;7!@0P%(&:#!"):#/#1(!
8%3,#!WP"8]!WH*$(&+!#(!3,7!LffLn!H,3$O#!#(!H*$(&+!K``c]!!"#$%&'()N*!231+!,3.*#,,#!*1!+%)$#!#+(!
2)114! 3*-! ?$)*A#+! /*+%*,3&$#+! 3*! 1&:#3*! 2#! ,0#1+#/C,#! 2*! /#/C$#! +*A4$&#*$! W$)(3(#*$+!
&1(#$1#+<! #-(#1+#*$+! 204A3*,#<! •]! A)*$! %53.*#! /)*:#/#1(! #1! >)1%(&)1! 2#! ,#*$! $43,&+3(&)1!
3:#%!)*!+31+!A#+31(#*$!#(!+*$!A,*+!)*!/)&1+!2#!,3!/)&(&4!2#!,03/A,&(*2#!3$(&%*,3&$#!%)/A,6(#!
2*! /)*:#/#1(! 4:3,*4<! ,#! +%)$#! 2#! G)$)1()! )*! ,#! ;$&(&+5! "#2&%3,! S#+#3$%5! H)*1%&,! "*+%,#!
Q$32&1?!89+(#/!WP7!;&3,)%#$O)o+O&<!V0+5#3!#(!=&1!LfKan!83$3%!#(!3,7!LfKc]!)1(!A)*$!)CD#%(&>!
204:3,*#$!,3!>)$%#7!@04%5#,,#!2#!"3,,#(!#+(!($6+!+)*:#1(!*(&,&+4#!WP7!;&3,)%#$O)o+O&<!V0+5#3!#(!
=&1!LfKa]!!"#$%&'()N*!A)*$!4:3,*#$!,#+!3/A,&(*2#+!3%(&:#+!2*!/#/C$#!+*A4$&#*$7!R31+!%#((#!
4%5#,,#<! ,0#1>31(! 2)&(! $43,&+#$! 2&>>4$#1(#+! (l%5#+! W$)(3(&)1! #-(#$1#<! 3C2*%(&)1<! /3&1! '! ,3!
C)*%5#•]! +4,#%(&)114#+! A)*$! &2#1(&>&#$! ,#+! /)*:#/#1(+! 2&>>&%&,#+! %5#I! ,0#1>31(! 3:#%! =V=;<!
1)(3//#1(!3*!1&:#3*!2#!,04A3*,#7!@3!%)(3(&)1!+#!>3&(!#1!*(&,&+31(!*1!+%)$#!3,,31(!2#!K!'!c!W,3!
%)(3(&)1!c!$#A$4+#1(#!*1!/)*:#/#1(!1)$/3,]7!!
!

! $"!
!

!
N&?*$#!Kd!m!#-#/A,#+!204%5#,,#+!204:3,*3(&)1!2#+!3/A,&(*2#+!3$(&%*,3&$#+!3%(&:#+!
P*T2#++*+!m!4%5#,,#!P"8<!#1!2#++)*+!m!4%5#,,#!2#!"3,,#(!/)2&>&4#!
!
X1!A$3(&.*#<!,#+!#1>31(+!3:#%!=V=;!+)1(!4:3,*4+!A$&1%&A3,#/#1(!3:#%!,0#-3/#1!%,&1&.*#7!@#+!
24%&+&)1+! (54$3A#*(&.*#+! %5#I! %#+! #1>31(+! +)1(! $43,&+4#+! A$&1%&A3,#/#1(! 3:#%! %#(! #-3/#1!
%,&1&.*#7!!F,!A$4+#1(#!%#A#1231(!%#$(3&1#+!,&/&(#+!WG3,C#$(!#(!3,7!LfKK]m!!
-% &,!1#!A#$/#(!A3+!20)C(#1&$!2#+!45((1#*!230()')0)'6#*!
-% ,)$+! 2#! ,3! %)(3(&)1! 2#+! 4%5#,,#+<! &,! #-&+(#! *1! %'*23#! 4O#%%#3%! *<*)1$0)'23#! A)*$! ,3!
1)(3(&)1!2#!%#$(3&1+!&(#/+<!1)(3//#1(!%5#I!,#!D#*1#!#1>31(!WP7!;&3,)%#$O)o+O&<!V0+5#3!
#(!=&1!LfKan!P7!X7!;&3,)%#$O)o+O&!#(!Q3,#3!Lffd]!
-% ,3!41&5$85*')'5(!#(!*53*!')#$*!#)!,O'(4'6'430,'*0)'5(!4#*!;0&)#3%*!'(4'6'43#,*!3>>#%(4+!
+)1(!,&/&(4+7!!

! $#!
R31+! *1! )CD#%(&>! 2#! %)/A$45#1+&)1! A,*+! A$4%&+#! 2*! >)1%(&)11#/#1(! 2#! ,04A3*,#! #(! 2#!
,0#1+#/C,#! 2*! /#/C$#! +*A4$&#*$! %5#I! ,0#1>31(! 3:#%! =V=;! #(! 20)$&#1(3(&)1! 2#+! %5)&-!
(54$3A#*(&.*#+<!203*($#+!#-A,)$3(&)1+!(#,,#+!.*#!,0FS"!#(!,0313,9+#!.*31(&>&4#!2*!/)*:#/#1(!
A#*:#1(!%)/A,4(#$!,0#-3/#1!%,&1&.*#7!H#+!#-A,)$3(&)1+!1#!+)1(!A3+!#/A,)94#+!#1!A$3(&.*#!
%,&1&.*#!%)*$31(#!/3&+!+)1(!*(&,&+4#+!3%(*#,,#/#1(!231+!*1!%32$#!2#!$#%5#$%5#7!!!
!
R31+! ,#! %32$#! 2*! .*#+(&)11#/#1(! +*$! ,03((#&1(#! /*+%*,3&$#! 2#+! /*+%,#+! ?,41)T5*/4$3*-<!
,OM"R!4#!,O1803,#!+#/C,#!A3$(&%*,&6$#/#1(!&1(4$#++31(#!W;35/!#(!3,7!Lffgn!=|95&}!#(!3,7!Lffgn!
=#(#$! "7! t3(#$+! #(! 3,7! Lff`]7! X1! #>>#(<! %#((#! (#%51&.*#! 20&/3?#$&#! 1)1! &$$32&31(#! #(! 1)1!
&1:3+&:#! A#$/#(! ,04:3,*3(&)1! .*31(&(3(&:#! 2#! %53.*#! /*+%,#<! 2)1(! ,03%%6+! &12&:&2*#,! #+(!
&/A)++&C,#!#1!%,&1&.*#!2*!>3&(!2#!,3!%)/A,#-&(4!313()/&.*#!#(!>)1%(&)11#,,#!2#!,04A3*,#7!@0FS"!
#+(! ,3$?#/#1(! *(&,&+4#! 231+! ,04:3,*3(&)1! /)$A5),)?&.*#! 2*! +9+(6/#! ,)%)/)(#*$! %3$! ,3!
/)$A5),)?&#! 9! #+(! ($6+! #1! ,&#1! 3:#%! ,3! >)1%(&)113,&(47! R&>>4$#1(+! 4,4/#1(+! /)$A5),)?&.*#+!
W:),*/#<!•]!,&4+!'!,3!>)1%(&)1!/*+%*,3&$#!+)1(!/#+*$3C,#+!#(!.*31(&>&3C,#+!A)*$!%53.*#!/*+%,#!
#1!FS"!#(!$#A$4+#1(#1(!*1!&1(4$M(!231+!,04(*2#!#(!,3!%)/A$45#1+&)1!2#!,03((#&1(#!2#+!/*+%,#+!
%5#I!,#+!#1>31(+!3:#%!=V=;7!!
!
@04:3,*3(&)1!2*!/)*:#/#1(!2#!,04A3*,#!/3&+!3*++&!2#!,0#1+#/C,#!2*!/#/C$#!+*A4$&#*$!%5#I!
,0#1>31(!3:#%!=V=;<!#+(!&/A)++&C,#!2#!/31&6$#!A$4%&+#!3:#%!,#!+#*,!#-3/#1!%,&1&.*#!9!%)/A$&+!
3:#%!,0*(&,&+3(&)1!204%5#,,#+!WP7!X7!;&3,)%#$O)o+O&!#(!Q3,#3!Lffdn!P7!;&3,)%#$O)o+O&<!V0+5#3!#(!
=&1!LfKa]7!NO0(0,<*#!230()';'1#!43!$536#$#()!A#$/#(!,3!24%)/A)+&(&)1!2#+!/)*:#/#1(+!
231+!%53.*#!3$(&%*,3(&)1!A)*$!*1#!(l%5#!2)114#<!#(!'!,03&2#!2#+!A3$3/6($#+!+A3(&)T(#/A)$#,+<!
A#*(!4:3,*#$!,3!A#$>)$/31%#!2*!/)*:#/#1(7!X,,#!3!*1#!A,3%#!+A4%&>&.*#!A)*$!,3!.*31(&>&%3(&)1!
2*!/)*:#/#1(!%5#I!,#+!#1>31(+!3:#%!=V=;!#(!,04:3,*3(&)1!2#+!&1(#$:#1(&)1+!(54$3A#*(&.*#+!
WS*++)!#(!3,7!LfKbn!N&()*++&!#(!3,7!Lff`]7!!!
!

/+7(O&1#2':'52-(3?'L(4F'5"152(1H'3(IJIK(

@3!$4%*A4$3(&)1!2#!,3!/)($&%&(4<!,3!,3))#!&5()%#!,#*!%1)%0&)'5(*!$3*&3,0'%#*!#)!41;5%$0)'5(*!
0%)'&3,0'%#*!853%!,O57)#()'5(!4O3(#!75((#!$57',')1!43!$#$7%#!*381%'#3%!+)1(!,#+!)CD#%(&>+!
(54$3A#*(&.*#+!%5#I!,#+!#1>31(+!3:#%!=V=;!W85#13.!#(!3,7!Lffcn!=#(#$!"7!t3(#$+!Lffc]7!J1#!
0))#()'5(! *81&';'23#! #*)! 85%)1#! U! ,O1803,#! W[*,O3! #(! E312#$! U3:#! LfKK]7! P! +)1! 1&:#3*<! ,#!

! $$!
/3&1(&#1!2#!,3!/)C&,&(4!3%(&:#!#(!A3++&:#<!,3!,*((#!%)1($#!,#+!24+4.*&,&C$#+!2#!>)$%#<!,#!/3&1(&#1!
2#! ,3! %)1?$*#1%#! +%3A*,)T5*/4$3,#! #(! ,3! A$4:#1(&)1! 2#! ,0&1+(3,,3(&)1! 2#! %531?#/#1(+!
29+A,3+&.*#+!A#$/31#1(+!+)1(!2#+!)CD#%(&>+!(54$3A#*(&.*#+!A$&)$&(3&$#+7!!
!
L7b7K!S442*%3(&)1!
!
R#+! (54$3A&#+! $442*%3(&:#+! A#*:#1(! M($#! A$)A)+4#+! ()*(! 3*! ,)1?! 2#! ,3! :&#! 2#! ,0#1>31(!
A$4+#1(31(! *1#! =V=;! &1&(&3,#/#1(! A)*$! >3:)$&+#$! ,3! $4%*A4$3(&)1! A*&+! A)*$! ,&/&(#$! ,#+!
+4.*#,,#+! %5#I! ,#+! #1>31(+! .*&! 103*$)1(! A3+! *1#! $4%*A4$3(&)1! %)/A,6(#! 2#! ,#*$! A3(5),)?&#7!
X,,#+!+)1(!,#!A,*+!+)*:#1(!$43,&+4#+!#1!A$#/&6$#!,&?1#!#(!%)/A,4(4#+!+&!14%#++3&$#!A3$!203*($#+!
A$&+#+!#1!%53$?#7!
!
\P*!23#,23#*!*#$0'(#*!4#!6'#<!*1#!8%'*#!#(!&90%Q#!%1143&0)'6#!8%1&5&#!#*)!%#&5$$0(41#<!
3>&1! 2#! >3:)$&+#$! ,3! $4%*A4$3(&)1! 2*! /#/C$#! +*A4$&#*$! 3((#&1(<! ;0&',')#%! ,0! ;5(&)'5(! 4#! *#*!
$3*&,#*!#(!8%16#('%!,#*!&5$8,'&0)'5(*!'!(9A#!2#!$4($3%(&)1+!2#+!(&++*+!/)*+!#(!24>)$/3(&)1+!
3$(&%*,3&$#+! #(! )++#*+#+! +*$:#131(! $3A&2#/#1(! 3*! 1&:#3*! 2#! ,04A3*,#! W;&3,)%#$O)o+O&! Lffcn!
[*+(&%#!R!LfKcn!=5&,312$&31)+!LfKKn!R&G3$31(3!=!Lffbn!E#$%5#$#!LfKbn!8/&(5!LfKB]7!X,,#!A#*(!
%)1+&+(#$!#1!2#+!#-#$%&%#+!2)*-!'!(9A#!2#!/)C&,&+3(&)1+!A3++&:#+<!+(&/*,3(&)1!2#!,3!/)C&,&+3(&)1!
3%(&:#<!#-#$%&%#+!'!2)/&%&,#<!/&+#!#1!A,3%#!20)$(56+#+!W;&3,)%#$O)o+O&!Lffc<![*+(&%#!R!LfKc<!
=5&,312$&31)+!LfKK<!2&!G3$31()!=!Lffb]7!@#!/3&1(&#1!2#+!3/A,&(*2#+!3$(&%*,3&$#+!#1!%5)0)'5(!
#=)#%(#!,)$+!2#+!/)C&,&+3(&)1+!#(!3:#%!,#+!)$(56+#+!#+(!A3$(&%*,&6$#/#1(!%&C,47!!
!
H5#I!,0#1>31(!A,*+!l?4!103931(!A3+!$4%*A4$4!%)/A,6(#/#1(<!2#+!$442*%3(&)1+!A#*:#1(!M($#!
A$)A)+4#+<!3>&1!2#!$0'()#('%!,#*!0$8,')34#*!0%)'&3,0'%#*!0&)'6#*!#)!80**'6#*!0'(*'!23#!,0!;5%&#<!
231+!*1!%)1(#-(#!%5&$*$?&%3,!WA$4!)*!A)+(!)A4$3()&$#]!)*!#1!2#5)$+!W83>)*$9!#(!3,7!LfKgn!^&,/3I!
#(!3,7!LfKBn!S3+/*++#1!#(!3,7!LfKa]7!!
X1!A3$3,,6,#!2#!%#+!A$&+#+!#1!%53$?#!3931(!A)*$!)CD#%(&>!A$#/&#$!2#!,&/&(#$!,#+!24>&%&#1%#+!'!
(9A#! 2#! ,&/&(3(&)1+! 203/A,&(*2#+! 3$(&%*,3&$#+! A3++&:#+! #(! 3%(&:#+! 3*! 1&:#3*! 3$(&%*,3&$#<! 2#+!
)91%08'#*! 8%585*0()! 3(! )%060',! 8,3*! Q,570,! 2#! ,0#1+#/C,#! 2*! /#/C$#! +*A4$&#*$! )1(!
4?3,#/#1(! 4(4! $3AA)$(4#+! %5#I! ,0#1>31(! %)1+#$:31(! 2#+! +4.*#,,#+! 2#! +3! =V=;7! R#+!
A$)?$3//#+!?,)C3*-!2#!$442*%3(&)1!'!,3!/3&+)1!W87!U7!;$)o1!#(!3,7!LfKc]!)*!2#+!A$)?$3//#+!

! $%!
2#! (9A#! %)1($3&1(#! &12*&(#! :&+31(! '! 3/4,&)$#$! ,3! >)1%(&)1! 2*! /#/C$#! +*A4$&#*$! #(! ,#+!
,&/&(3(&)1+!203%(&:&(4!)1(!4(4!A$)A)+4+!W;*#+%5!#(!3,7!LfKfn!E3I!#(!3,7!LfKf]7!!!
!
M,!#*)!0&)3#,,#$#()!4';;'&',#!4O160,3#%!,O#;;'&0&')1!4#!&#*!'()#%6#()'5(*!%1143&0)'6#*!2*!>3&(!2*!
>3&C,#!1&:#3*!2#!A$#*:#!2#+!4(*2#+!3%(*#,,#+!3:#%!,#!A,*+!+)*:#1(!3C+#1%#!2#!?$)*A#!%)1($p,#7!!
!

L7b7L!H5&$*$?&#+!1#$:#*+#+!A$4%)%#+!
!
R31+!,#+!%3+!,#+!A,*+!?$3:#+<!%5#I!,#+!C4C4+!3:#%!=V=;<!2#+!$'&%5&9'%3%Q'#*!4#!%#&5(*)%3&)'5(!
(#%6#3*#!+)1(!A$)A)+4#+!A$4%)%#/#1(!*'!,0!%1&381%0)'5(!#*)!'(*3;;'*0()#!W=#(#$!"7!t3(#$+!
Lffcn!z3>#&$&)*!#(!=+9%5)?&)*!LffBn!"&%53#,!@7!=#3$,!Lff`n!8/&(5!#(!3,7!LfKB]7!X,,#+!%)1+&+(#1(!
#1! 2#+! ($31+>#$(+! 1#$:#*-<! ?$#>>#+! 1#$:#*+#+! )*! %)/C&13&+)1! 2#+! 2#*-! W8/&(5! #(! 3,7! LfKBn!
=)1233?! #(! "3,#++9! LfKb]! A#$/#((31(! *1#! 3/4,&)$3(&)1! %,&1&.*#! 2#+! A)++&C&,&(4+! 2#!
/)*:#/#1(+!3%(&>+!W8/&(5!#(!3,7!LfKBn!=)1233?!#(!"3,#++9!LfKb]7!@#+!&12&%3(&)1+!+)1(!%,3&$#+!
231+!,#+!3((#&1(#+!%)/A,6(#+!2*!A,#-*+!+31+!$4%*A4$3(&)1!'!.*#,.*#+!+#/3&1#+!2#!:&#!3:#%!
&1(#$:#1(&)1!#1:&+3?4#!26+!aTb!/)&+!2#!:&#!WS*%5#,+/31!#(!3,7!Lff`n!=)1233?!#(!"3,#++9!LfKbn!
8/&(5!#(!3,7!LfKBn!S32*%53!#(!3,7!LfKg]7!N0!8,0&#!#)!,#!$5$#()!4#*!&9'%3%Q'#*!(#%6#3*#*!&9#:!
,#*!#(;0()*!8%1*#()0()!4#*!0))#'()#*!'(&5$8,P)#*!W?$)*A#+!Y3$3O3+!F!#(!FF]!*5()!4060()0Q#!
4'*&3)1*!2*!>3&(!2#!,3!2&>>&%*,(4!'!#+(&/#$!,3!$4%*A4$3(&)1!+A)1(314#!%5#I!%#+!#1>31(+!W=)1233?!
#(!"3,#++9!LfKbn!S*%5#,+/31!#(!3,7!Lff`n!PC&2!LfKd]7!!
!
L7b7a!H5&$*$?&#+!+#%)123&$#+!/*+%*,)T+.*#,#(&.*#+!
!
H5#I!,#+!#(;0()*!8,3*!]Q1*!103931(!A3+!$4%*A4$4!%)/A,6(#/#1(!#(!A$4+#1(31(!20&/A)$(31(#+!
,&/&(3(&)1+! 203/A,&(*2#+! 3$(&%*,3&$#+! 853%! ,#*23#,*! ,0! 8%'*#! #(! &90%Q#! %1143&0)'6#! #*)!
'(*3;;'*0()#! 53! 0! 1&9531<! 2#+! &1(#$:#1(&)1+! %5&$*$?&%3,#+! u!'()#%6#()'5(*! &9'%3%Q'&0,#*!
*#&5(40'%#*!v! +)1(! A$)A)+4#+! 3>&1! 203/4,&)$#$! ,#*! 85**'7',')1*! 4#! $536#$#()*! 231+! %#+!
2&$#%(&)1+!#(!2#!,&/&(#$!,#!&#%&,#!6'&'#3=!4#!,0!41;5%$0)'5(!5**#3*#!W=#(#$!"7!t3(#$+!Lffcn!
"&%53#,!@7!=#3$,!Lff`n!S*%5#,+/31<!Q$)++/31!#(!=$&%#!LfKKn![*,O3!#(!E312#$!U3:#!LfKK]7!P*!
1&:#3*!2#!,04A3*,#<!#,,#+!%)1+&+(#1(!#1!*1#!$42*%(&)1!2#!,*-3(&)1!2#!,3!(M(#!5*/4$3,#!#(!#1!2#+!
?#+(#+!3*!1&:#3*!2#+!(&++*+!/)*+7!R31+!%#+!?#+(#+!3*!1&:#3*!2#+!(&++*+<!,#+!/*+%,#+!+)1(!%&C,4+7!
H5#I! ,#+! #1>31(+! A$4+#1(31(! 2#+! ,&/&(3(&)1+! 203/A,&(*2#! 3$(&%*,3&$#+! #1! $)(3(&)1! #-(#$1#! #(!

! $&!
3C2*%(&)1<!2#+!(#%51&.*#+!'!(9A#!4#!,'71%0)'5(!4#!%1)%0&)'5(C*J!$3*&3,0'%#C*JK!53!)%0(*;#%)*!
$3*&3,0'%#*! +)1(! *(&,&+4#+<! :&+31(! '! $4(3C,&$! ,#+! ,)1?*#*$+! /*+%*,3&$#+! #(! 3/4,&)$#$! ,#+!
24+4.*&,&C$#+! /*+%*,3&$#+! W"&%53#,! @7! =#3$,! Lff`n! VIC#1! #(! 3,7! LfKKn! U*,(?$#1! #(! 3,7! LfKan!
@)*2#1!#(!3,7!LfKan!U*,(?$#1!#(!3,7!LfKbn!Q$##15&,,!#(!3,7!LfKBn!"&%53#,!@7!=#3$,!#(!3,7!Lffdn!
\)I&1!#(!3,7!LfKf]7!@#+!/*+%,#+!,#+!A,*+!>$4.*#//#1(!%&C,4+!+)1(!,#+!/*+%,#+!+*C+%3A*,3&$#+<!
?$312!2)$+3,!#(!?$312!$)12!3&1+&!.*#!?$312!A#%()$3,7!H#+!%5&$*$?&#+<!$43,&+4#+!'!,0l?#!2#!d!/)&+!
A)*$! ,#+! A,*+! A$4%)%#+! A#$/#((#1(! *1#! 3/4,&)$3(&)1! 2#+! 3/A,&(*2#+! 3$(&%*,3&$#+! 3%(&:#+! #1!
3C2*%(&)1! #(! $)(3(&)1! #-(#$1#<! *1! 3$$M(! 2#! A$)?$#++&)1! :)&$#! *1#! 3/4,&)$3(&)1! 2#! ,3!
24>)$/3(&)1<!/3&+!4?3,#/#1(!*1#!3/4,&)$3(&)1!2#+!3%(&:&(4+!#(!2#!,3!.*3,&(4!2#!:&#!WU)>>#$<!
t&%O#12#1!#(!S)A#$!K`gBn!=#(#$!"7!t3(#$+!Lffcn!\)I&1!#(!3,7!Lffdn!H)5#1!#(!3,7!LfKfn!E31!
2#$!U),+(!#(!3,7!LfKc]7!!
@)$+.*#! ,3! 24>)$/3(&)1! )++#*+#! #+(! ($)A! 3:31%4#<! +31+! #>>&%3%&(4! +*>>&+31(#! 2#+! ?#+(#+! 3*!
1&:#3*! 2#+! (&++*+! /)*+<! 2#+! Q#*)#*! 5**#3=! W($&31?,#! (&,(! +*$?#$9<! )+(4)()/&#! 2#! $)(3(&)1!
5*/4$3,#<!%)$$#%(&)1!2#!,0)$&#1(3(&)1!2#!,3!?,61#]!+)1(!A$)A)+4+!3>&1!203/4,&)$#$!,3!/)C&,&(4!
231+!,#+!3/A,&(*2#+!3$(&%*,3&$#+!>3&+31(!24>3*(!#(!&/A3%(31(!,0*(&,&+3(&)1!2*!/#/C$#!+*A4$&#*$!
%5#I! ,0#1>31(! W"&%53#,! @7! =#3$,! Lff`n! R)2o#,,! #(! 3,7! LfKL]7! R#+! %5&$*$?&#+! +#%)123&$#+! +)1(!
4?3,#/#1(!A)++&C,#+!3*!1&:#3*!2#+!3*($#+!3$(&%*,3(&)1+!2*!/#/C$#!+*A4$&#*$!WH)+(&,<!S)/313<!
#(!N&()*++&!LfKB]7!!
!

L7b7b!F1D#%(&)1+!2#!()-&1#!C)(*,&1&.*#!

!
@#+! ()-&1#+! C)(*,&1&.*#+! )1(! *1#! 0&)'5(! *3%! ,0! *<(08*#! (#3%5$3*&3,0'%#! '! ,3! C3+#! 2#! ,#*$!
*(&,&+3(&)1!(54$3A#*(&.*#7!F1D#%(4#!231+!*1!/*+%,#<!,3!()-&1#!C)(*,&1&.*#!2#!(9A#!P!C,).*#!,3!
,&C4$3(&)1!2#!,03%4(9,%5),&1#!3*!1&:#3*!2#!,3!D)1%(&)1!1#*$)/*+%*,3&$#!WE&23,!LfKc]7!@#+!#>>#(+!
2#!,3!()-&1#!+)1(!$4:#$+&C,#+!W=)*,3&1<!=)A)>>!#(!3,7!LffB]7!@3!()-&1#!C)(*,&1&.*#!3!4(4!2#!A,*+!
#1! A,*+! *(&,&+4#! %#+! 2#$1&6$#+! 3114#+! 231+! ,#! ($3&(#/#1(! 2#! ,3! =V=;! #1! 3++)%&3(&)1! 3:#%! ,3!
$442*%3(&)1<!,#+!)$(56+#+!)*!,#+!%5&$*$?&#+!WS*%5#,+/31<!Q$)++/31!#(!3,7!LfKK]7!X,,#!#+(!*(&,&+4#!
231+!%#((#!A3(5),)?&#!A)*$!,3))#%!&5()%#!,#*!41*123','7%#*!$3*&3,0'%#*7!P*!1&:#3*!2#!,04A3*,#<!
,#+!/*+%,#+!$)(3(#*$+!&1(#$1#+!+)1(!%&C,4+!#(!&1D#%(4+!3>&1!2#!,&/&(#$!,#!24+4.*&,&C$#!2#!>)$%#!#1!
>3:#*$!2#!%#+!/*+%,#+7!R#+!$4+*,(3(+!A)+&(&>+!+*$!,#+!3/A,&(*2#+!3$(&%*,3&$#+!A3++&:#+!#(!3%(&:#+!
2#!%#((#!3$(&%*,3(&)1!3&1+&!.*#!+*$!,#+!%3A3%&(4+!>)1%(&)11#,,#+!+)1(!/&+!#1!4:&2#1%#!231+!2#+!
4(*2#+!2#!>3&C,#!A*&++31%#!WQ$)++/31<!=$&%#!#(!3,7!Lffan!;3+%&31&!312!F1(&+)!Lffdn!R#"3((#)<!

! $'!
;3&1! #(! 3,7! Lffdn! Q)C#(+<! ;#%O#$/31! #(! 3,7! LfKfn! 85&1<! 85&1! #(! 3,7! LfKb]7! H#+! &1D#%(&)1+!
A)*$$3&#1(!3:)&$!*1#!A,3%#!231+!,3!A$4:#1(&)1!2#!,3!+*C,*-3(&)1!)*!,*-3(&)1!A)+(4$&#*$#!2#!
,04A3*,#!WXI3O&<!"3,*1?A3&+5$)A#!#(!3,7!LfKf<!Q$##15&,,!RP!LfKd]!#(!>3:)$&+#$!,3!+&/A,&>&%3(&)1!
2#+! &1(#$:#1(&)1+! %5&$*$?&%3,#+! +#%)123&$#+! WXI3O&<! "3,*1?A3&+5$)A#! #(! 3,7! LfKfn! "&%53*2<!
@)*2#1!#(!3,7!LfKb<!Q$##15&,,!RP!LfKd]7!!
!

! $(!
Z(K%"2-=&'(6'($7/"2+*6152/*"(

H5#I!,#+!#1>31(+!3:#%!A3$3,9+&#!)C+(4($&%3,#!2*!A,#-*+!C$3%5&3,!+31+!$4%*A4$3(&)1!%)/A,6(#<!
,O0))#'()#! 4#! ,O1803,#! #+(! ,3! A$&1%&A3,#! %3*+#! 2#! /)$C&2&(47! X1! #>>#(<! ,#+! ,4+&)1+! 1#$:#*+#+!
&/A,&.*#1(!.*3+&!+9+(4/3(&.*#/#1(!,#+!$3%&1#+!Hc!#(!Hd<!&11#$:31(!,#+!/*+%,#+!2#!,04A3*,#<!
3:#%! *1! &/A3%(! A3$(&%*,&6$#/#1(! &/A)$(31(! 3*! 1&:#3*! 2#+! $3*&,#*! 4#! ,O0%)'&3,0)'5(! Q,1(5G
93$1%0,#7! H#((#! 3((#&1(#! /*+%*,3&$#<! 20&/A)$(31%#! :3$&3C,#! +#,)1! ,#+! /*+%,#+<! 3! A)*$!
%)1+4.*#1%#!,3!41;5%$0)'5(!5**#3*#!)%P*!8%1&5&#!2#!,03$(&%*,3(&)1!?,41)T5*/4$3,#7!H#+!2#*-!
4,4/#1(+<!3((#&1(#!/*+%*,3&$#!#(!24>)$/3(&)1!)++#*+#<!+)1(!'!,O5%'Q'(#!4O3(#!8#%)3%70)'5(!43!
$536#$#()! 4#! ,O1803,#7! H#((#! A#$(*$C3(&)1! 2*! /)*:#/#1(! 2#! ,04A3*,#! 3<! '! +)1! ()*$<! *1!
&/A3%(! +*$! ,#+! >)$%#+! #-#$%4#+! +*$! ,03$(&%*,3(&)1! ?,41)T5*/4$3,#! #(! +*$! ,0#1+#/C,#! 2#! ,3!
/)($&%&(4!2*!/#/C$#!+*A4$&#*$!2#!,0#1>31(!3:#%!=V=;!!6#$%&'()/*7!N#!$0'()'#(!4#!,0!$57',')1!
80**'6#! #)! 0&)'6#! 4#! ,O1803,#! #)! 4#! ,O#(*#$7,#! 43! $#$7%#! *381%'#3%K! ,0! &5(*#%60)'5(! 4#!
,O'()1Q%')1!4#!,O0%)'&3,0)'5(!Q,1(5G93$1%0,#!*5()!4#*!57A#&)';*!$0A#3%*!40(*!,0!8%'*#!#(!&90%Q#!
4#!,O#(;0()!06#&!DEDF7!!
!
@#+!$3*&,#*!Q,1(5G93$1%03=!*5()!03!&^3%!4#!,0!80)95,5Q'#!4#!,O1803,#<!'!,3!>)&+!A)*$!,#*$!
$p,#!231+!,3!24>)$/3(&)1!2#!,03$(&%*,3(&)1!#(!231+!,3!,&/&(3(&)1!2#+!/)*:#/#1(+7!F,+!+)1(!%&C,4+!
231+! ,#+! A$&+#+! #1! %53$?#! $442*%3(&:#+! #(! &1(#$:#1(&)1+! %5&$*$?&%3,#+7! _(#! $#',,#3%#!
&5((0'**0(&#! 4#! ,#3%! 0))#'()#! 0880%0`)! &5$$#! 3(! 85'()! &,1! 853%! 0$1,'5%#%! ,0!
&5$8%19#(*'5(! 2#+! %)1+4.*#1%#+! 2#! ,03((#&1(#! /*+%*,3&$#! +*$! ,3! 24>)$/3(&)1!
($&2&/#1+&)11#,,#!2#!,04A3*,#!#(!,3!,&/&(3(&)1!2#!,3!/)C&,&(4!2*!/#/C$#!+*A4$&#*$7!!
@#!+&/A,#!#-3/#1!%,&1&.*#!1#!A#$/#(!A3+!,3!%)113&++31%#!313()/&.*#!#(!>)1%(&)11#,,#!A$4%&+#!
2#+! /*+%,#+! 2#! ,04A3*,#! %5#I! ,0#1>31(! 3:#%! *1! 24:#,)AA#/#1(! (9A&.*#! #(! %5#I! ,#+! #1>31(+!
A$4+#1(31(!*1#!A3(5),)?&#!2#!,04A3*,#7!!
NOM"R<!#1!2)1131(!3%%6+!'!2&>>4$#1(+!4,4/#1(+!/)$A5),)?&.*#+!W:),*/#<!•]!,&4+!'!,3!>)1%(&)1!
/*+%*,3&$#<!%#8%1*#()#!3(!$5<#(!4O#=8,5%0)'5(!4#!,O0(0)5$'#!;5(&)'5((#,,#!4#!,O1803,#!%5#I!
,0#1>31(7!!!
H5#I!,#+!#1>31(+!3:#%!=V=;<!,0#-3/#1!/)$A5),)?&.*#!2#+!/*+%,#+!#1!FS"<!A)*$$3&(!A#$/#(($#!
2#!2)11#$!*1!3%%6+!'!,3!%)/A$45#1+&)1!2#!,03((#&1(#!&12&:&2*#,,#!#(!'!,3!>)1%(&)1!+A4%&>&.*#!
2#+!/*+%,#+!?,41)T5*/4$3*-!#(!3&1+&!?*&2#$!,#+!24:#,)AA#/#1(+!(54$3A#*(&.*#+7!!

! $)!
@3!+*&(#!2*!2)%*/#1(!$#A)+#!+*$!,3!A$4+#1(3(&)1!2#+!c!A*C,&%3(&)1+!&++*#+!2#!%#+!($3:3*-7!
@#!%53A&($#!FF!A$4+#1(#!4#*!)%0603=!*3%!S!3+A#%(+!3931(!>3&(!,0)CD#(!2#!837,'&0)'5(*!m!!
-% a30()';'#%!,#!65,3$#!#)!,0!;5%$#!4#*!$3*&,#*!+.*#,#((&.*#+!%5#I!,h5)//#!#1!*(&,&+31(!
,0FS"!m!$#:*#!+9+(4/3(&.*#!2#!:3,&2&(4!#(!>&3C&,&(4!WZ*31(&>9&1?!+O#,#(3,!/*+%,#!:),*/#!
312!+53A#!&1!5*/31+!*+&1?!"SF!m!3!+9+(#/3(&%!$#:&#o!)>!:3,&2&(9!312!$#,&3C&,&(9]!!!
-% b5,3$#!4#*!$3*&,#*!2#!,04A3*,#!%5#I!,0#1>31(!#(!%#,0)'5(!U!,0!;5%&#<!4(*2#!%3+!(4/)&1!
A&,)(#!WF1!:&:)!A#2&3($&%!+5)*,2#$!/*+%,#!:),*/#+!312!(5#&$!$#,3(&)1+5&A!()!aR!+($#1?(5]!
-% +)%589'#!4#*!$3*&,#*!2#!,04A3*,#<!%#,0)'5(!06#&!,0!8#%)#!4#!;5%&#!%5#I!,#+!#1>31(+!3:#%!
=V=;!W85)*,2#$!/*+%,#!3($)A59!312!&(+!$#,3(&)1!()!+($#1?(5!,)++!&1!)C+(#($&%3,!C$3%5&3,!
A,#-*+!A3,+9]7!
!
X(31(!2)114!,0&/A3%(!2&$#%(!2#+!,&/&(3(&)1+!2#!/)*:#/#1(!+*$!,#+!3%(&:&(4+!#(!,3!A3$(&%&A3(&)1!
%5#I!%#+!#1>31(+<!,3!%)113&++31%#!#(!,3!&5$8%19#(*'5(!4#*!*81&';'&')1*!4#!,#3%*!$536#$#()*!
3*!1&:#3*!2#!,04A3*,#!/3&+!3*++&!2#!,0#1+#/C,#!2*!/#/C$#!+*A4$&#*$!3&1+&!.*#!,04:3,*3(&)1!2#!
,#*$+! A#$>)$/31%#+! +)1(! 14%#++3&$#+7! @#! %53A&($#! FFF! A$4+#1(#! *1#! .*3($&6/#! A*C,&%3(&)1!
+%&#1(&>&.*#!.*&!%)1+&+(#!#1!*1#!4(*2#!%3+T(4/)&1!m!!
-% H3$3%(4$&+(&.*#+! 2*! $536#$#()! )%'4'$#(*'5((#,! 43! $#$7%#! *381%'#3%! %5#I! ,#+!
#(;0()*!06#&!80%0,<*'#!57*)1)%'&0,#!43!8,#=3*!7%0&9'0,!#(!#1>31(+!3:#%!24:#,)AA#/#1(!
(9A&.*#! WG5$##T2&/#1+&)13,! *AA#$! ,&/C! /):#/#1(! %53$3%(#$&+(&%+! &1! %5&,2$#1! o&(5!
C$3%5&3,!A,#-*+!C&$(5!A3,+9]7!
!
@03++)%&3(&)1!2#!%#+!($3:3*-<!:&+31(!'!/&#*-!%)/A$#12$#!,#!>)1%(&)11#/#1(!2#!,04A3*,#!#(!2*!
/)*:#/#1(! 2*! /#/C$#! +*A4$&#*$! %5#I! ,0#1>31(! 3:#%! =V=;<! #(! 2#+! 4,4/#1(+!
A59+&)A3(5),)?&.*#+! 24D'! %)11*+! #(! A$4+#1(4+! 231+! ,0&1($)2*%(&)1<! +)1(! '! ,0)$&?&1#! 2#!
4'*&3**'5(*!03)53%!4#!8#%*8#&)'6#*!4O#=8,5%0)'5(!4#!,O1803,#!#)!43!$#$7%#!*381%'#3%!0'(*'!
23#! 4#! 8#%*8#&)'6#*! )91%08#3)'23#*! 24:#,)AA4#+! 231+! ,#+! %53A&($#! FE! #(! E7! _(! #**0'!
)91%08#3)'23#!#*)!8%585*1!40(*!3(!&'(23'P$#!0%)'&,#!m!!
-% X>>&%3%&(4! #(! +4%*$&(4! 2#+! &1D#%(&)1+! &1($3/*+%*,3&$#+! A$4%)%#+! 2#! ()-&1#! C)(*,&1&.*#!
A)*$! A$4:#1&$! ,3! 24>)$/3(&)1! 2#! ,h4A3*,#! %5#I! ,#+! C4C4+! 3((#&1(+! 2#! A3$3,9+&#!
)C+(4($&%3,#!2*!A,#-*+!C$3%5&3,!W=V=;TGV_]<!*1!#++3&!%)1($p,4!$312)/&+4!m!A$)()%),#!
2#!,h4(*2#!WX>>#%(&:#1#++!312!+3>#(9!)>!#3$,9!&1($3/*+%*,3$!C)(*,&1*/!()-&1!&1D#%(&)1+!

! $*!
()!A$#:#1(!+5)*,2#$!2#>)$/&(9!&1!C3C&#+!o&(5!)C+(#($&%3,!C$3%5&3,!A,#-*+!A3,+9!W=V=;T
GV_]<!3!$312)/&I#2!%)1($),,#2!($&3,!m!+(*29!A$)()%),]77!
! !

! %+!
MM>!@)34#!$5%895,5Q'23#!$3*&3,0'%#!#(!M"R!

@3!>)$%#!24:#,)AA4#!A3$!*1!/*+%,#!#+(!&1>,*#1%4#!A3$!%#$(3&1+!80%0$P)%#*!$5%895,5Q'23#*!
W@&#C#$!#(!N$&241!Lfffn!H)$/&#<!"%Q*&?31!#(!Y#o()1!LfKK]7!@#+!A3$3/6($#+!(#,+!.*#!,3!+*$>3%#!
2#! +#%(&)1! A59+&),)?&.*#! )*! 313()/&.*#<! ,#! :),*/#! /*+%*,3&$#<! ,031?,#! 2#! A#113(&)1<! ,3!
,)1?*#*$! 2#! ,3! >&C$#! /*+%*,3&$#! )*! ,#! C$3+! 2#! ,#:&#$! +)1(! 20&/A)$(31(+! 4,4/#1(+! A)*$!
,04:3,*3(&)1!2#!,3!8#%;5%$0(&#!43!$536#$#()!93$0'(!W@&#C#$!#(!N$&241!Lfff]7!NO0%&9')#&)3%#!
$3*&3,0'%#! 8#3)! &90(Q#%! ,)$+! 20*1#! 3,(4$3(&)1! 2#! ,0*(&,&+3(&)1! 2#+! /*+%,#+<! ,)$+! 20*1#!
A3(5),)?&#! )*! ,)$+.*#! ,#+! %)1($3&1(#+! :3$&#1(<! /)2&>&31(! 3&1+&! +#+! A$)A$&4(4+! >)1%(&)11#,,#+!
W@&#C#$!#(!N$&241!Lfffn!\*C)!#(!3,7!Lffan!G3(#!#(!3,7!Lffdn!H7!F7!")$+#!#(!3,7!Lffc]7!!
@0M"R!#+(!,3$?#/#1(!*(&,&+4#!231+!,O160,30)'5(!$5%895,5Q'23#!43!*<*)P$#!,5&5$5)#3%7!X,,#!
A#$/#(!20&2#1(&>&#$!,#+!,4+&)1+!/*+%*,3&$#+<!,#+!.*31(&>&#$!#(!2)11#!2#+!&1>)$/3(&)1+!+*$!,#*$!
%)/A)+&(&)1! WN,#%O#1+(#&1! #(! 3,7! K``Kn! G5#)2)$)*! #(! \3O&(+*C3(3! LfKL]7! X,,#! A#$/#(!
4?3,#/#1(! ,3! $#*3%#! 230()')0)'6#! 43! 65,3$#! $3*&3,0'%#! #(! 2#! ,3! +*$>3%#! 2#! +#%(&)1!
313()/&.*#! %5#I! ,#+! +*D#(+! +3&1+! #(! A$4+#1(31(! 2#+! A3(5),)?&#+! 2*! /*+%,#! WE31/#%5#,#1<!
85)$(,312!#(!Y)C,#!LfKgn!E3,#1(&1!#(!3,7!LfKc]7!R#+!&5%%1,0)'5(*!2#!%#+!2#*-!/#+*$#+!4:3,*4#+!
#1!FS"!3:#%!,3!;5%&#!)1(!4(4!/)1($4#+!231+!2&>>4$#1(#+!A)A*,3(&)1+!WPO3?&!#(!3,7!Lff`n!"3(5*$!
#(!3,7!LffBn!N*O*13?3!#(!3,7!LffKn!E&2(!#(!3,7!LfKL]7!@3!%)$$4,3(&)1!A,*+!>)$(#!#1($#!,#!:),*/#!
/*+%*,3&$#!/#+*$4!#1!FS"!#(!,3!>)$%#!A#$/#(!2#!$#%)//312#$!,0*(&,&+3(&)1!2#!%#((#!(#%51&.*#!
A,*(p(!.*#!,3!/#+*$#!+&/A,#!2#!,3!+*$>3%#!2#!+#%(&)1!WN*O*13?3!#(!3,7!LffKn!PO3?&!#(!3,7!Lff`n!
;,3I#:&%5!#(!3,7!Lff`n!E&2(!#(!3,7!LfKdn!G)1+)1!#(!3,7!LffBn!"3(5*$!#(!3,7!LffB]7!@0&/A)$(31%#!
2#! %#+! %)$$4,3(&)1+! 4(3&(! :3$&3C,#! #1! >)1%(&)1! 2#+! A)A*,3(&)1+<! 3:#%! A3$! #-#/A,#! 2#+!
%)$$4,3(&)1+!/)&1+!>)$(#+!,)$+!2*!:&#&,,&++#/#1(<!231+!,0#1>31%#!)*!231+!%#$(3&1#+!A3(5),)?&#+!
WPO3?&!#(!3,7!Lff`n!\31#5&+3!#(!3,7!K``b]7!!
@04(*2#! 2#+! :),*/#+! 2#+! /*+%,#+! #1! FS"! #+(! 3&1+&! *(&,&+4#! #1! A$3(&.*#! %,&1&.*#! A)*$! ,#!
2&3?1)+(&%!#(!,#!+*&:&!2#+!/3,32&#+!1#*$)/*+%*,3&$#+!W[#1O&1+!#(!3,7!LfKan!Q)2&!#(!3,7!LfKd]<!
,04:3,*3(&)1!2#!%#$(3&1+!($3&(#/#1(+!WX7!_7!t*!#(!3,7!LffB]7!@04(*2#!2#+!:),*/#+!#(!2#+!>)$/#+!
2#+!/*+%,#+!#+(!4?3,#/#1(!*(&,&+4#!#1!$#%5#$%5#!A)*$!3/4,&)$#$!,3!%)/A$45#1+&)1!2#!%#$(3&1+!
+9/A(p/#+!)*!/3,32&#+!W\3&%O!#(!3,7!LfKfn!X1?+($)/!#(!3,7!Lffg]7!!

! %"!
NO0&&P*!03!65,3$#!$3*&3,0'%#!#)!U!*#*!&90(Q#$#()*!80%!,OM"RK!1)0()!45((1!*#*!85**'7,#*!
%#,0)'5(*! 06#&! ,0! ;5(&)'5(! $3*&3,0'%#K! %#8%1*#()#! 3(! '()1%T)! ;5%)! 40(*! ,#! &04%#! 4#! ,0!
&5$8%19#(*'5(!4#!,O0))#'()#!$3*&3,0'%#!03!('6#03!4#!,O1803,#!&9#:!,#*!#(;0()*!06#&!DEDF>!!
!

D(!+2/5$'(D(;([1#"2/8/5#2/*"(6'&(9*$1)'&('2(6'&(8*+)'&(6'&(

)1&5$'&(&01'$'22/01'&(5-'\($]-*))'('"(HMI(;(+'91'(

&%&24)#2/01'(6'(9#$/6/24('2(8/#3/$/24^((

R#!1)/C$#*+#+!)#&9('23#*!4#!$#*3%#K!$0(3#,,#*!#)W53!03)5$0)'23#*!A#*:#1(!M($#!*(&,&+4#+!
#1!FS"!A)*$!230()';'#%!,#*!65,3$#*!$3*&3,0'%#*7!@#*$!*(&,&+3(&)1!#+(!%)12&(&)114#!A3$!2#*-!
>3%(#*$+!m!,3!230,')1!4#!$#*3%#!W)*!A$)A$&4(4+!/4($),)?&.*#+]!#(!,#+!0*8#&)*!8%0Q$0)'23#*!#(!
%#,0)'5(!06#&!,#3%!3)','*0)'5(<!1)(3//#1(!,#!(#/A+!14%#++3&$#!A)*$!$43,&+#$!,3!/#+*$#!WS)23$9<!
=#I#(T@31?#:&1!#(!\3,&>3!LffK]7!!
!
@#+!A$)A$&4(4+!/4($),)?&.*#+!20*1!)*(&,!2#!/#+*$#!%)/A$#11#1(!($)&+!A$&1%&A3*-!3+A#%(+!m!,3!
:3,&2&(4! Wu!:3,&2&(9!v]<! ,3! >&3C&,&(4! )*! $#A$)2*%(&C&,&(4! Wu!$#,&3C&,&(9!v]! #(! ,3! +#1+&C&,&(4! 3*!
%531?#/#1(!Wu!$#+A)1+&:#1#++!v]!W")OO&1O!#(!3,7!LfKfn!S)23$9<!=#I#(T@31?#:&1!#(!\3,&>3!LffKn!
;$&1O!#(!@)*o!LfKL]7!!
@3! 60,'4')1! $#A$4+#1(#! ,3! %3A3%&(4! 2#! ,0)*(&,! '! 4:3,*#$! +A4%&>&.*#/#1(! %#! .*0&,! %5#$%5#! '!
/#+*$#$7! R&>>4$#1(+! (9A#+! 2#! :3,&2&(4! A#*:#1(! M($#! 2&+(&1?*4+7! @3! :3,&2&(4! 2#! %)1(#1*!
Wu!%)1(#1(!:3,&2&(9!v]!4:3,*31(!,#!2#?$4!+#,)1!,#.*#,!,04,4/#1(!/#+*$4!#+(!*1!$#>,#(!324.*3(!2#!
,04,4/#1(! '! /#+*$#$! #(! ,3! :3,&2&(4! 2#! %$&(6$#! Wu!%$&(#$&)1! :3,&2&(9!v]! #+(&/31(! ,#! 2#?$4! +#,)1!
,#.*#,!,0&1+($*/#1(!(#+(4!#+(!*1!$#>,#(!#-3%(!2#!,0&1+($*/#1(!?),2!+(3123$2!+)1(!A#$(&1#1(+!'!
$#(#1&$!231+!,#!%32$#!2*!($3:3&,!%&T2#++)*+!W")OO&1O!#(!3,7!LfKf]7!R31+!,#!%32$#!2#!,3!/#+*$#!
2#!:),*/#!/*+%*,3&$#!#1!FS"<!,3!:3,&2&(4!2#!%)1(#1*!A)*$$3!M($#!(#+(4#!#1!#+(&/31(!,#!:),*/#!
20*1!/*+%,#!+*$!*1!#-3/#1!FS"!A*&+!#1!/#+*$31(!,#!:),*/#!$4#,!2#!%#!/M/#!/*+%,#!3A$6+!
2&++#%(&)17! @3! :3,&2&(4! 2#! %$&(6$#! A)*$$3! M($#! 24(#$/&14#! #1! %)/A3$31(! ,0#+(&/3(&)1! 20*1!
/M/#!:),*/#!/*+%*,3&$#!A3$!,3!(#%51&.*#!2#!/#+*$#!(#+(4#!#(!,3!(#%51&.*#!2#!/#+*$#!2#!
$4>4$#1%#!#1!FS"7!!

! %#!
@3!;'07',')1!$#A$4+#1(#!,3!%3A3%&(4!2#!,0)*(&,!'!$3AA)$(#$!,#+!/M/#+!$4+*,(3(+<!+31+!#$$#*$!2#!
/#+*$#<! ,)$+! 2#! ,04:3,*3(&)1! 20*1! /M/#! 4,4/#1(! 231+! 2#+! +&(*3(&)1+! +&/&,3&$#+7! V1! A#*(!
2&+(&1?*#$!m! ,3! >&3C&,&(4! (#+(T$#(#+(! .*&! 4:3,*#! ,3! +(3C&,&(4! 2#+! $4+*,(3(+! 20*1#! /#+*$#! ,)$+! 2#!
A,*+&#*$+!(#+(+!A)*$!*1!/M/#!4,4/#1(<!,3!>&24,&(4!&1($3T#-3/&13(#*$!.*&!%)$$#+A)12!'!,h3%%)$2!
#1($#! A,*+&#*$+! /#+*$#+! A$&+#+! A3$! *1! /M/#! )C+#$:3(#*$! A)*$! ,h4:3,*3(&)1! 2h*1! /M/#!
4,4/#1(<!#(!,3!>&24,&(4!&1(#$!#-3/&13(#*$!.*&!%)$$#+A)12!'!,03%%)$2!#1($#!A,*+&#*$+!/#+*$#+!
$43,&+4#+!A3$!2&>>4$#1(+!)C+#$:3(#*$+!A)*$!,04:3,*3(&)1!20*1!/M/#!4,4/#1(!W")OO&1O!#(!3,7!
LfKfn!S)23$9<!=#I#(T@31?#:&1!#(!\3,&>3!LffKn!;$&1O!#(!@)*o!LfKL]7!R31+!,#!%32$#!2#!,3!/#+*$#!
2#! :),*/#! /*+%*,3&$#! #1! FS"<! *1#! C)11#! >&3C&,&(4! (#+(T$#(#+(! /)1($#$3! *1#! +(3C&,&(4! 2#+!
$4+*,(3(+!231+!,0#+(&/3(&)1!20*1!/M/#!:),*/#!/*+%*,3&$#!+*$!2#*-!#-3/#1+!FS"!$43,&+4+!3:#%!
,#+! /M/#+! A3$3/6($#+! /3&+! '! 2#*-! )%%3+&)1+! 2&>>4$#1(#+7! J1#! C)11#! >&24,&(4! &1($3!
#-3/&13(#*$! $#($)*:#$3! 2#+! #+(&/3(&)1+! A$)%5#+! A)*$! *1! /M/#! :),*/#! /*+%*,3&$#! +*$! ,#!
/M/#!#-3/#1!A3$!*1!/M/#!#-3/&13(#*$!/3&+!3:#%!2#+!/#+*$#+!'!A,*+&#*$+!$#A$&+#+7!J1#!
C)11#!>&24,&(4!&1(#$T#-3/&13(#*$!$#($)*:#$3!2#+!#+(&/3(&)1+!A$)%5#+!A)*$!*1!/M/#!:),*/#!
/*+%*,3&$#!+*$!,#!/M/#!#-3/#1!3:#%!2#+!/#+*$#+!$43,&+4#+!A3$!2#*-!#-3/&13(#*$+!2&>>4$#1(+7!!
@3!*#(*'7',')1!03!&90(Q#$#()!4:3,*#!,3!%3A3%&(4!2#!,0&1+($*/#1(!'!/#+*$#$!,#+!:3$&3(&)1+!2*!
A541)/61#!/#+*$4!W;#3()1!#(!3,7!LffK]7!
!
R31+!,3!$#:*#!+9+(4/3(&.*#!u!Z*31(&>9&1?!+O#,#(3,!/*+%,#!:),*/#!312!+53A#!&1!5*/31+!*+&1?!
"SF!m!3!+9+(#/3(&%!$#:&#o!)>!:3,&2&(9!312!$#,&3C&,&(9!v<!,0)CD#%(&>!A$&1%&A3,!4(3&(!2#!%0885%)#%!,0!
60,'4')1! #)! ,0! ;'07',')1! 4#*! )#&9('23#*! *(&,&+4#+! A)*$! #+(&/#$! ,#+! :),*/#+! /*+%*,3&$#+!
+.*#,#((&.*#+!#(!,#+!>)$/#+!/*+%*,3&$#+!($&2&/#1+&)11#,,#+!'!A3$(&$!2#+!2)114#+!2hFS"!231+!
,#+! /*+%,#+! +3&1+! #(! A3(5),)?&.*#+7! @#+! )CD#%(&>+! +#%)123&$#+! 4(3&#1(! 2#! 24(#$/&1#$! ,3!
;0'*07',')1! 2#! %#+! (#%51&.*#+! #(! 2#! A$)A)+#$! 2#+! $#%)//3123(&)1+! A)*$! ,#+! $#%5#$%5#+!
>*(*$#+7!!
!
H#(!3$(&%,#!#+(!A$)A)+4!&%&!231+!+3!:#$+&)1!3%%#A(4#!231+!,3!$#:*#!=,)+!V1#!,#!B!1):#/C$#!LfKB7!
@#+!3AA#12&%#+!+#$)1(!($)*:4+!#1!311#-#!L7!!
!

! %$!
"! !

#! !

$! -./01234205!678981/9!:.6;98!<=9.:8!/0>!6?/@8!20!?.:/06!.6205!ABCD!

%! /!64618:/12;!E8<28F!=3!</92>214!/0>!E892/G29214!
&! !

'! H?E2618998!I=06"J!#K!LJM!N?.6?/0!N=E=127/E#OM!A/E;!P/E8128E#J$M!Q/9RE28!N.E>20#J%M!S=.E/28>!N80!

(! T/98:#J&J'J!A/1?28.!U8:@8E8.E#J&J(!OM!T49</20!NE=;?/E>"J#J&J(L!

)! !
"
*! I8>2/1E2;!E8?/G2921/12=0!>8@/E1:801J!V=0>/12=0!CUSWTJ!NE861J!VE/0;8!
#
"+! U/G=E/1=2E8!>8!XE/218:801!>8!9YC03=E:/12=0!AR>2;/98J!CZT[BA!\""+"J!NE861J!VE/0;8!!
$
""! B/>2=9=54! >8@/E1:801J! !"#$%&'( )*+,-%./0%$1,( )2-( 3.452-! 6'2.41,%,71,,2..28(

"#! 9.2-%8(:.&,02!
%
"$! CAX!]19/012^.8J!NE861J!VE/0;8!!
&
"%! \02<8E621R!>8!NE81/508!_;;2>801/98J!NE861J!VE/0;8!!
'
"&! !B/>2=9=54!>8@/E1:801J!H`B\!>8!NE861J!NE861J!VE/0;8!!
(
"'! IAB!>8@/E1:801J!H`B\!>8!NE861J!`=@21/9!A=E</0J!NE861J!VE/0;8!

"(! !
L!
")! X?868!/.1?=E6!;=01E2G.18>!8^./994!1=!1?26!F=E7!
O
"*! !X?868!/.1?=E6!/96=!;=01E2G.18>!8^./994!1=!1?26!F=E7a!

#+! !

#"! KH=EE86@=0>205!].1?=E!D!

##! [,:/29D!;?E2618998a@=06G8;:8.Eb29>46a=E5!

#$! !

#%! !

#&! Abstract

! %%!
#'! Aims: The aim of this study was to report the metrological qualities of techniques currently

#(! used to quantify skeletal muscle volume and 3D shape 20!?8/91?4!/0>!@/1?=9=52;/9!:.6;986.

#)!

#*! Methods: A systematic review was conducted (IE=6@8E=!HBS%#+")+)#(+)c. PubMed, Web

$+! of Science, Cochrane and Scopus databases were searched using relevant keywords and

$"! inclusion/exclusion criteria. The quality of the articles was evaluated using a customized scale.

$#!

$$! Results: Thirty articles were included, 6 of which included pathological muscles. Most

$%! evaluated 9=F8E!92:G!:.6;986a!P/E12/994!=E!;=:@981894!/.1=:/12;!/0>!:/0./9!techniques were

$&! assessed in 10 and 24 articles, respectively. Manual slice-by-slice segmentation reliability was

$'! good-to-excellent (n=8 articles) and validity against dissection was moderate to good(n=1).

$(! Manual slice-by-slice segmentation was used as a gold-standard method in the other articles.

$)! Reduction of the number of manually segmented slices (n=6) provided good to excellent

$*! validity if a sufficient number of appropriate slices was chosen. Segmentation on one slice

%+! (n=11) increased volume errors. The! S83=E:/12=0! =3! /! I/E/:81E2;! T@8;232;! _Gd8;1! eSIT_c!

%"! :81?=>!e0f&c!decreased the number of manually-segmented slices required for any chosen level

%#! of error. Other automatic techniques combined with different statistical shape or atlas/images-

%$! based methods (n=4) had good validitya! T=:8! @/E12;.9/E21286! F8E8! ?25?925?18>! 3=E! 6@8;232;!

%%! :.6;986a![xcept for manual slice by slice segmentation, reliability has rarely been reported.

%&!

%'! Conclusions: X?8!E86.916!=3!1?26!64618:/12;!E8<28F!?89@!1?8!;?=2;8!=3!/@@E=@E2/18 segmentation

%(! techniques, according to the purpose of the measurement. C0!?8/91?4!@=@.9/12=06J!18;?02^.86!

%)! 1?/1!5E8/194!62:@92328>!1?8!@E=;866!=3!:/0./9!685:801/12=0!4289>8>!5E8/18E!8EE=E6!20!<=9.:8!/0>!

%*! 6?/@8!8612:/12=06a!B8>.;12=0!=3!1?8!0.:G8E!=3!:/0./994!685:8018>!692;86!F/6!@=662G98!F21?!

&+! /@@E=@E2/1894! ;?=680! 685:8018>! 692;86! =E! F21?! SIT_a! _1?8E! a.1=:/12;! 18;?02^.86! 6?=F8>!

! %&!
&"! @E=:268J!G.1!>/1/!F8E8!206.332;2801!3=E!1?82E!</92>/12=0a!A=E8!>/1/!=0!1?8!:81E=9=52;/9!^./9214!

&#! =3!18;?02^.86!.68>!20!1?8!;/686!=3!:.6;98!@/1?=9=54!/E8!E8^.2E8>a!!

&$! (

&%! +,%.1)/0%$1,!
&&! X?8! <=9.:8! /0>! 6?/@8! =3! /! :.6;98! /E8! 61E=0594! E89/18>! 1=! 216! 3.0;12=0! g"h%ia! T1E.;1.E/9!

&'! >2338E80;86!G81F880!:.6;986J!F?2;?!E86.91!3E=:!>2338E801!:.6;98!32GE8!/E;?218;1.E8J!/E8!5==>!

&(! @E8>2;1=E6! =3! 3=E;8! 5808E/12=0! ;/@/;214! g"ia! I?462=9=52;/9! ;E=66,68;12=0/9! /E8/! 26! 1?8! :/d=E!

&)! >818E:20/01!=3!d=201!1=E^.8!g"ia!A.6;98!<=9.:8J!F?2;?!26!;9=6894!E89/18>!1=!@?462=9=52;/9!;E=66!

&*! 68;12=0/9! /E8/J! F/6! 6?=F0! 1=! G8! 61E=0594! ;=008;18>! F21?! d=201! 1=E^.8! 20! G=1?! ?8/91?4! /0>!

'+! @/1?=9=52;/9!@=@.9/12=06!g#h&ia!!H?/0586!20!:.6;98!<=9.:86!/0>!6?/@86!:/4!G8!0=E:/9J!6.;?!

'"! /6!?4@8E1E=@?4!/318E!/!61E8051?80205!@E=5E/:J!=E!/1E=@?4!/66=;2/18>!F21?!/58205!g'J(ia!H?/0586!

'#! ;/0!/96=!G8!@/1?=9=52;/9!>.8!1=!08.E=:.6;.9/E!>268/68!=E!20d.E4!g&J)J*ia!!

'$! !

'%! ]66866:801!=3!:.6;98!<=9.:8!/0>!6?/@8!26!8668012/9!3=E!G=1?!;9202;/9!@E/;12;8!/0>!E868/E;?a!

'&! A8/6.E8:801!=3!:.6;98!<=9.:8!3/;2921/186!6.E<8299/0;8!=3!08.E=:.6;.9/E!>268/68!@E=5E8662=0!

''! g"+J""i!/0>!1?8!8338;16!=3!1E8/1:8016!g"#J"$iJ!/6!F899!/6!G8205!.683.9!3=E!>2/50=612;!@.E@=686!

'(! g"%J"&ia!A.6;98!6?/@86!;/0!G8!.68>!1=!>261205.26?!G81F880!@/1?=9=5286!g"'J"(i!/0>!:=>899205!

')! 20>2<2>./9! :.6;986! ;/0! G8! .683.9! F?80! @9/00205! 6.E58E4! g")iJ! 8</9./1205! ;?/0586! =<8E! 12:8!

'*! g'J"*i!/0>!20!=E>8E!1=!2:@E=<8!1?8!.0>8E61/0>205!=3!@/E12;.9/E!64:@1=:6!=E!>268/686!g"'J"(J#+h

(+! ##ia!

("! !

(#! A/50812;!E86=0/0;8!2:/5205!eABCc!26!1?8!5=9>,61/0>/E>!18;?02^.8!3=E!1?8!8</9./12=0!=3!:.6;98!

($! <=9.:86!/0>!1?E88,>2:8062=0/9!e$Sc!6?/@86J!/0>!26!.68>!/6!/!E838E80;8!1=!</92>/18!=1?8E!2:/5205!

(%! 18;?02^.86!3=E!1?26!@.E@=68!g#$J#%ia!A/04!:/0./9!/0>!/.1=:/12;!685:801/12=0!18;?02^.86!?/<8!

(&! G880!>8<89=@8>!3=E!1?8!8612:/12=0!=3!:.6;98!<=9.:86!/0>!$S!6?/@86!3E=:!ABC!>/1/!g#&h#*ia!

('! `=F8<8EJ! >86@218! 1?8! F2>86@E8/>! .68! =3! 1?868! :8/6.E8:8016! 20! G=1?! ;9202;/9! @E/;12;8! /0>!

! %'!
((! E868/E;?J! 1=! >/18! 0821?8E! 1?82E! :81E=9=52;/9! ^./921286! 0=E! 1?82E! 38/62G29214! 3=E! .68! 20! E=.1208!

()! @E/;12;8!?/<8!G880!6@8;232;/994!E8<28F8>a!
(*! !

)+! j0=F98>58!=3!1?8!</92>214!/0>!E892/G29214!=3!:8/6.E8:801!:81?=>6!26!8668012/9!F?80!;?==6205!

)"! /!18;?02^.8!20!=E>8E!1=!806.E8!/0!/;;.E/18!2018E@E81/12=0!=3!1?8!E86.916!g$+J$"ia!Q/92>214!26!1?8!

)#! >85E88!1=!F?2;?!/!18;?02^.8!:8/6.E86!F?/1!21!26!20180>8>!1=!:8/6.E8J!/0>!1?8!8k1801!1=!F?2;?!

)$! 1?8!</9.86!=G1/208>!/E8!62:29/E!1=!1?8!1E.8!</9.86a!B892/G29214!26!1?8!8k1801!1=!F?2;?!/!18;?02^.8!

)%! 4289>6!1?8!6/:8!E86.916!=<8E!E8@8/18>!1E2/96!20!61/G98!61.>4!6.Gd8;16!g$"J$#ia!X8;?02^.86!1?/1!/E8!

)&! 8/64!1=!.68!:/4!9/;7!</92>214!=E!E892/G29214!F?8E8/6!18;?02^.86!1?/1!/E8!</92>!/0>!E892/G98!/E8!0=1!

)'! /9F/46!38/62G98!3=E!.68!20!/!E868/E;?!=E!;9202;/9!6811205!23!1?84!/E8!1==!12:8,;=06.:205a!C1!:/4!

)(! 1?.6! G8! 08;866/E4! 1=! ;=:@E=:268! G81F880! eCc! 1?8! :81E=9=52;/9! /;;.E/;4! E8^.2E8>! /0>! eCCc!

))! @E/;12;/9!;=062>8E/12=06!=3!.6/58a!!!

)*! !

*+! X?8!:/20!/2:!=3!1?26!64618:/12;!E8<28F!F/6!1=!E8@=E1!1?8!</92>214!/0>!E892/G29214!=3!18;?02^.86!

*"! .68>!1=!8612:/18!678981/9!:.6;98!<=9.:86!/0>!$S!:.6;98!6?/@86!G/68>!=0!ABC!>/1/!20!?8/91?4!

*#! /0>!@/1?=9=52;/9!:.6;986!20!?.:/06a!X?8!68;=0>/E4!/2:6!F8E8!1=!>818E:208!1?8!38/62G29214!=3!

*$! 1?=68!18;?02^.86!/0>!1=!@E=<2>8!E8;=::80>/12=06!3=E!3.1.E8!E868/E;?a!!!!!!!!!!

*%! _.E!32E61!?4@=1?8626!F/6!1?/1!:/0./9!692;8!G4!692;8!685:801/12=0!F=.9>!?/<8!5==>!:81E=9=52;/9!

*&! @E=@8E1286!G.1!F=.9>!088>!/!9/E58!/:=.01!=3!12:8a!X?8!68;=0>!F/6!1?/1!F?298!@E=<2>205!</92>!

*'! /0>!E892/G98!E86.916J!/.1=:/12;!685:801/12=0!18;?02^.86!F=.9>!E8^.2E8!9866!12:8a!!!

*(! !

*)! ;&%2.$&'-(&,)(42%!1)-!
**! X?26! 64618:/12;! E8<28F! />?8E86! 1=! 1?8! IBCTA]! 5.2>892086a! ]! IBCTA]! ;?8;79261! F/6!

"++! ;=:@9818>!eT"!X/G98c!/0>!1?8!E8<28F!@E=1=;=9!F/6!@.G926?8>!20!IE=6@8E=!eHBS%#+")+)#(+)ca!!

"+"! (

! %(!
"+#! <&%&=&-2(-2&.0!(&,)(-2'20%$1,(#.102--(
"+$! ]E12;986!F8E8!2>8012328>!1?E=.5?!/!;=:@E8?8062<8!68/E;?!=3!1?8!3=99=F205!=09208!G2G92=5E/@?2;!

"+%! >/1/G/686D!I.GA8>J!l8G!=3!T;280;8J!X?8!H=;?E/08!U2GE/E4!/0>!T;=@.6a!C0!=E>8E!1=!806.E8!1?8!

"+&! 68/E;?! F/6! 8k?/.612<8J! 1?8! 3=99=F205! A8>2;/9! T.Gd8;1! `8/>2056! eA8T`c! /0>! 784F=E>!

"+'! ;=:G20/12=06!F8E8!.68>!eCc!ABCJ!:/50812;!E86=0/0;8!2:/5205J!eCCc!:.6;98J!678981/9!:.6;98J!

"+(! :.6;.9K! eCCCc! e784F=E>6! E89/1205! 1=! 685:801/12=0c! <=9.:KJ! ;E=66! 68;12=0/9! /E8/J! 1?E88!

"+)! >2:8062=0KJ!$SJ!6?/@8J!685:801/12=0J!=E5/0!62m8!/0>!eCQc!e784F=E>6!E89/12<8!1=!:81E=9=52;/9!

"+*! @E=@8E1286c!E892/G29214J!E8@E=>.;2G29214J!E8@8/1/G29214J!</92>214J!/;;.E/;4J!:8/6.EKJ!:81E=9=52;KJ!

""+! </92>/12=0! 61.>Ka! T8/E;?! 61E2056! F8E8! 3=E:.9/18>! /0>! 1/29=E8>! 1=! 1?8! 68/E;?! 6401/k! =3! 8/;?!

"""! >/1/G/68!1=!806.E8!/!;=::=0!68/E;?!61E/1854!eT"!X8k1ca!Z821?8E!@.G92;/12=0!48/E!0=E!9/05./58!

""#! 92:216!F8E8!2:@=68>a!X?8!9/61!68/E;?!F/6!@8E3=E:8>!20!n/0./E4!#+")a!!

""$! !

""%! C0;9.62=0! ;E218E2/! F8E8D! Cc! 61.>286! 20! F?2;?! 1?8! :/20! /2:! F/6! 1=! >86;E2G8! /0>o=E! 8</9./18! /!

""&! :81?=>!1=!>818E:208!678981/9!:.6;98!e=E!3.0;12=0/9!5E=.@6c!<=9.:8!/0>o=E!6?/@8!.6205!ABC!

""'! >/1/J! CCc! 1?8! 61.>4! F/6! =0! ?.:/0! 6.Gd8;16! /0>! CCCc! 1?8! 61.>4! 20;9.>8>! /0! 8</9./12=0! =3! 1?8!

""(! :81E=9=52;/9! ^./921286! =3! 1?8! :81?=>a! T1.>286! 1?/1! 8</9./18>! ?8/>! /0>! 08;7! :.6;986! =E! 1?/1!

"")! 8</9./18>!:.6;98!5E=.@6!1?/1!F8E8!0=1!3.0;12=0/994!5E=.@8>!g$$J$%i!/0>!;=038E80;8!@/@8E6!F8E8!

""*! 8k;9.>8>a!]E12;986!1?/1!;=:@/E8>!.91E/6=0=5E/@?4!e\TPc!F21?!ABC!1=!8</9./18!ABC!</92>214!

"#+! F8E8!/96=!8k;9.>8>!g$&ia!X?8!E838E80;86!=3!1?8!6898;18>!/E12;986!F8E8!6;E8808>!1=!;=:@9818!1?8!

"#"! E8<28F!@E=;866a!X?8!121986J!/G61E/;16!/0>!F?=98!18k16!=3!1?8!/E12;986!2>8012328>!G4!1?8!68/E;?!F8E8!

"##! 20>8@80>80194!8</9./18>!G4!1F=!8k/:208E6!eHI!/0>!AUca!]04!>26/5E88:8016!F8E8!E86=9<8>!G4!

"#$! >26;.662=0!G81F880!1?8!1F=!8k/:208E6a!!

"#%! !

"#&! >/&'$%?(&--2--42,%(1@(-2'20%2)(-%/)$2-(
"#'! T20;8!0=!61/0>/E>2m8>!1==96!8k261!1=!>818E:208!1?8!^./9214!=3!/E12;986!20!1?8!3289>!=3!E/>2=9=54J!/!

"#(! ;.61=:2m8>!^./9214!/66866:801!6;/98!F/6!>8<89=@8>!3E=:!=1?8E!6;/986!20!1?8!9218E/1.E8!g$'J$(ia!

! %)!
"#)! X?8!/2:!=3!1?8!6;/98!F/6!1=!/66866!G=1?!1?8!201E2062;!^./9214!=3!8/;?!/E12;98!e:/k2:.:!6;=E8!$+c!

"#*! /0>!1?8!:81E=9=52;/9!^./921286!=3!1?8!:81?=>!8</9./18>!e:/k2:.:!6;=E8!""ca!X?8!1=1/9!6;=E8!

"$+! F/6!0/:8>!1?8!-!6;=E8!/0>!F/6!=.1!=3!"++a!X?8!pE61!e^./9214c!@/E1!=3!1?8!6;/98!F/6!G/68>!=0!

"$"! @E8<2=.694! @.G926?8>! ^./9214! ;?8;792616! 3=E! 64618:/12;! E8<28F6! /6! F899! /6! 6;/986! 3=E! 1?8!

"$#! /66866:801! =3! 1?8! ^./9214! =3! 61.>286! 20;9.>8>! 20! 64618:/12;! E8<28F6a! X?=68! 6;/986! 20;9.>8>!

"$$! ^.8612=06!E89/1205!1=!61.>4!>86250!/0>!^./9214!=3!1?8!E8@=E1205!=3!:81?=>=9=5286!/0>!E86.916!g$)h

"$%! %+iJ!3=E!8k/:@98!qF8E8!1?8!/2:6!;98/E94!61/18>r!=E!qF/6!1?8!>86;E2@12=0!=3!@/12801!E8;E.21:801!

"$&! ;98/Er!eT#!X/G98!ca!X?8!68;=0>!e:81E=9=52;/9c!@/E1!=3!1?8!6;/98!F/6!G/68>!=0!@.G926?8>!6;/986!

"$'! 1?/1!F8E8!6@8;232;/994!>862508>!3=E!1?8!8</9./12=0!=3!:81E=9=52;/9!61.>286!20!=1?8E!3289>6!1?/0!

"$(! E/>2=9=54!g$"J$'J$(J%"J%#ia!C1!20;9.>8>!^.8612=06!6.;?!/6!qF/6!;=0;.EE801!</92>214!8</9./18>sr!

"$)! =E!ql/6!1?8!5=9>!61/0>/E>!:8/6.E8!>86;E2G8>!sra!X?8!5E/>86!3=E!1?8!^.8612=06!E/058>!3E=:!+!1=!

"$*! #a!X?26!6;/98!F/6!=094!.68>!3=E!1?8!@.E@=686!=3!1?8!@E86801!61.>4a!X?8!^./9214!E/1205!F/6!;/EE28>!

"%+! =.1! 20>8@80>80194! G4! 1F=! 8k/:208E6! eHI! /0>! NNc! /0>! >26/5E88:8016! F8E8! E86=9<8>! G4!

"%"! ;=06806.6a!

"%#! !

"%$! <&%&(2A%.&0%$1,(&,)(&,&'?-$-(
"%%! C03=E:/12=0!E85/E>205!1?8!6/:@986!20;9.>8>J!:.6;986!8</9./18>J!:/50812;!3289>!61E8051?6!/0>!

"%&! ABC!@E=1=;=96!.68>!F8E8!;=998;18>!3E=:!8/;?!/E12;98a!X?8!18;?02^.8!8</9./18>J!1?8!E838E80;8!

"%'! 18;?02^.8!.68>J!=@8E/1=E6!/0>!=.1;=:8!:8/6.E86!e</92>214J!E892/G29214!/0>!38/62G29214c!F8E8!/96=!

"%(! E8;=E>8>! e1/G98! "! /0>! T$! X/G98ca! C0! 1?26! @/@8EJ! </92>214! E838E6! 1=! 1?8! ;=0;8@1! =3! ;=0;.EE801!

"%)! </92>214!g$"i!/0>!E892/G29214!E838E6!1=!1?8!;=EE89/12=06!G81F880!>2338E801!:8/6.E8:8016!F21?20!

"%*! 1?8!6/:8!61/G98!6.Gd8;1J!/6!F899!/6!1?8!:8/6.E8:801!8EE=E!g$+J%$ia!X=!/66866!1?8!</92>214!/0>!

"&+! E892/G29214!=3!1?8!E86.916!E8@=E18>!20!8/;?!/E12;98J!1?8!3=99=F205!</9.86!F8E8!;=062>8E8>D!61/0>/E>!

"&"! 8EE=E!=3!1?8!8612:/18!eT[[c!/0>!E==1!:8/0!6^./E8!8EE=E!eBAT[cJ!</9.86!t!"+u!f!@==EJ!&!,!"+u!

"&#! f!:=>8E/18J!"!,!&u!f!5==>!/0>!v!"u!f!8k;899801a!X?8!6/:8!92:216!F8E8!.68>!3=E!1?8!;=8332;2801!

"&$! =3!</E2/12=0a!A8/0!>2338E80;86J!E86.916!t!&u!f!@==EJ!#!,!&u!f!:=>8E/18J!"!,!#u!f!5==>!/0>!v!

! %*!
"&%! "u!f!8k;899801a!V=E!:8/0!>261/0;86J!E86.916!F21?!>261/0;86!t!'!::!f!@==EJ!$!,!'!::!f!:=>8E/18J!

"&&! "!,!$!::!f!5==>!/0>!v!"!::!f!8k;899801a!C01E/;9/66!;=EE89/12=0!;=8332;28016!eCHHc!/0>!E#!</9.86!

"&'! 3E=:!+!,!+a%*!f!@==EJ!+a&!,!+a'*!f!:=>8E/18J!+a(!,!+a)*!f!5==>!/0>!t!+a*!f!8k;899801!g%%ia!X?8!

"&(! 6/:8!92:216!F8E8!.68>!3=E!1?8!S2;8!62:29/E214!20>8keSTCca!STC!26!1?8!62m8!=3!1?8!=<8E9/@!=3!1?8!

"&)! 1F=!685:801/12=06!>2<2>8>!G4!1?8!1=1/9!62m8!=3!1?8!1F=!=Gd8;16a!C3!>2338E801!61/12612;/9!/0/94686!

"&*! F8E8!/</29/G98!20!1?8!6/:8!61.>4J!1?8!F=E61!E86.916!F8E8!@E2:/E294!.68>!3=E!1?8!;9/66232;/12=0a!

"'+! ]91?=.5?! F8! /;70=F98>58! 1?/1! 1?8E8! 26! 0=! E838E80;8! =E! E8@=E18>! E8;=::80>/12=0! 3=E! 1?26!

"'"! ;/185=E2m/12=0J! 21! F/6! .68>! 1=! @E=<2>8! ;9/E214! /0>! 1=! 61/0>/E>2m8! 1?8! ?28E/E;?4! =3! 1?8! E86.916!

"'#! E8@=E18>!20!1?8!6898;18>!/E12;986a!X?8!E86.916!3=E!</92>214!/0>!E892/G29214!F8E8!/96=!8k1E/;18>!/6!

"'$! 1?84!F8E8!E8@=E18>!20!8/;?!=E2520/9!/E12;98!eT%!X/G98ca!l?80!62:29/E!8</9./12=06!F8E8!;/EE28>!

"'%! =.1J!3=E!8k/:@98!/!G29/18E/9!@6=/6!8</9./12=0!20!/!?8/91?4!6.Gd8;1!.6205!1?8!6/:8!18;?02^.8!3=E!

"'&! 8/;?! 62>8! g%&iJ! =094! 1?8! @==E861! </9.86! =3! </92>214! =E! E892/G29214! F8E8! E8@=E18>a! X8;?02^.8!

"''! 38/62G29214!F/6!>818E:208>!/6!1?8!12:8!E8^.2E8>!3=E!:/0./9!685:801/12=0!1=!G8!;/EE28>!=.1!=E!

"'(! 3E=:!1?8!12:8!088>8>!1=!E.0!/.1=:/12;!18;?02^.86a!!

! &+!
#$%! !"#$%&'&(&)%*+,-./-01&02&/3%&*%45%1/"/-01&/%+31-67%*&"18&5%/3080$049&02&/3%&",/-+$%*&-1+$78%8&
#$&! &
!! :7*+$%*& ,%2%,%1+%& /%+31-67%&<5%/3080$049& 0./-5-?"/-01&02& 0.%,"/0,*& @7/+05%&5%"*7,%*& A/"/-*/-+"$&
%;"$7"/%8&& /%+31-67%& "18&;0$75%=*3".%& /3%&"+67-*-/-01&20,& "1"$9*-*&
&& +"$+7$"/-01>& /",4%/%8&%,,0,& 175#%,B& ,%$-"#-$-/9& ;0$75%=&
67"$-2-+"/- */789&8%*-41& D)&*3".%&
01&"18&
%C.%,-%1+%&

E$#,"+3/& '()!'*)!+,! -./01!23!-./01! -/68.1!-./01!45675.! K! K! K! ;:.741! 0:607GG169! ;:.741!L(+M!


FGGH&IJFK& 45675.! -18416959/:6!@A+B45CD)! ;5./E/93!
-18416959/:6)! 47-0.1!.1689>!@(*D!!
;:.741!7-/68! :295/61E!7-/68!F7..!47-0.1!
<=!->5?1! G10:6-9G709/:6!56E!->5?1!
F509:G!@?DE191G4/61E!/6!5!
8G:7?!H/9>!769G5/61E!56E!
9G5/61E!?1G-:6-)!;:.741I!?J!
A+B45CJ!(*!!

&& !! !! !! !! !! !! !! !! !!
E5"#-$%&FG'L& N*)!M+)!'.(5)! <=! K!7-1!:F!BA+B45C!56E! K! K! K! ;:.741! 0:607GG169! ;:.741!L(+M!
IJDK& '.(1)!'.(/)! G10:6-9G709/:6)! 47-0.1!.1689>!@(*D! ;5./E/93!
BEE,O)!P*Q)!P()! -18416959/:6! :295/61E!7-/68!F7..!47-0.1!
RS*)!LS)!'G5)!+5G)! 7-/68! G10:6-9G709/:6!56E!->5?1!
TS+)!T*S)!+()! ?5G5419G/0! F509:G!@?D)!;:.741I!?J!
+R)!!8G:7?1E!/6! ->5?1! BA+B45CJ!(*!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
-?/61! E1F:G459/:6! K!G1E701E!(LQ!-19!419>:EI!
1C916-:G-UF.1C:G-)! 56E!/4581! 4:E1.!7-/68!9>1!=O+,!
>/?! ?G:01--/68! 419>:E)!H/9>!"!-1841691E!
1C916-:G-UF.1C:G-)! @=O+,! -./01-)!;:.741!?G1E/091E!
V611! 419>:ED! FG:4!5!47.9/./615G!
1C916-:G-UF.1C:G-)! G18G1--/:6!!
2:9>!-/E1-!
&& !! !! !! !! !! !! !! !! !!
E18,%M*& 'G5)!+5G)!TS*)! -./01!23!-./01! /691G509/;1!-18416959/:6! /4581! #)!?>3-/05.! K! <=!->5?1! 0:607GG169! =+Q)!4156!+7GF!
FG'J&INJK& LS)!+R)!TS+)!+()! 45675.! 7-/68!->5?1!?G/:G-!W! ?G1?G:01--/68! 9>1G5?/-9)! ;5./E/93! =!
PQ)!P()!BEE)!P*)!! -18416959/:6!!!!!!!!!!!!!!!!!!!!!!!!!
-959/-9/05.!->5?1!4:E1.! @./615G! 1C?1G9!
.1F9!-/E1! 9G56-F:G459/:6D!
&& !! !! !! !! !! !! !! !! !!

! "#!
O",107-1& LS)!PQ)!P*)!P()! K! -./01!23!-./01!45675.! K! X)!9G5/61E! K! ;:.741! /691G!G591G! QAA)!+97E169)!
FG'PIPNK& N75)!2:9>!-/E1-!! -18416959/:6)!;:.741I! G1./52/./93! 4156!E/FF!
47-0.1!9/--71!5G15!J! @47-0.1!
/691G-./01!E/-95601!! ;:.741!
1-9/459/:6)!
47-0.1!
/6E/;/E75.!
0:69G/279/:6D!!
&& !! !! !! !! !! !! !! !! !!
O",107-1& LS)!PQ)!P*)!P()! -./01!23!-./01! K!-./01!23!-./01!45675.! K! K! K! ;:.741! 0:607GG169! B[,PB)!4156!
FG'J&IPLK& 2:9>!-/E1-! 45675.! -18416959/:6)!;:.741I! ;5./E/93)! E/FF)!AP!
-18416959/:6)! 0:61!419>:EU!<EK:GE1G! 0:4?5G/-:6!
;:.741I!! ?:.36:4/5.!G18G1--/:6U!Y9>K 219H116!
03./6E1G! :GE1G!?:.36:4/5.! 419>:E-!
419>:E! G18G1--/:6!!!!!!!!!!!!ZK!45675.!
-18416959/:6!:F!5!G1E701E!
67421G!:F!-./01-!)!;:.741I!
03./6E1GU!0:61!419>:EU!<EK
:GE1G!?:.36:4/5.!
G18G1--/:6U!Y9>K:GE1G!
?:.36:4/5.!G18G1--/:6!!

&& !! !! !! !! !! !! !! !! !!
O%$";9&FG''& LS)!P()!P*)!PQ)! -./01!23!-./01! 45675.!-18416959/:6!:F!5! 67421G!:F!-./01-! #)![L! K! ;:.741! 0:607GG169! O15G-:6!
IJJK& +5G)!'G5)BEE!()! 45675.! G1E701E!67421G!:F!-./01-)! 0>:-16I!!`!H/9>/6! 0>5681!! ;5./E/93!! 0:GG1.59/:6!
BEE!*)!TS*)! -18416959/:6)! -1.109/:6!:F!9>1!-1841691E! _a"`!:F!9>1! 0:1FF/0/169!G)!
TS+)+R)!+()!'*)! ;:.741I!./615G! -./01-!H/9>!"!5.8:G/9>4-! G1F1G1601!`!0>5681! 4156!?1G0169581!
'()!+:WS\*)!RO)! /691G?:.59/:6! /60.7E/68!-725.8:G/9>4-! /6!47-0.1!;:.741b!! 0>5681!
S=*)!O1G!*TR)! H/9>!;5G/:7-!67421G!:F! ;5G/52/./93!:F!9>1!`!
RB!WM=*!W!M\*)! -./01-!@#K.5G81-9!A+B!56E! 0>5681!/6!47-0.1!
.1F9!-/E1! 9>1!-74!:F!9>1!<)$)&!]! -/c1!-541!:G!.1--!
.5G81-9!A+B!415-7G14169U! 9>56!9>59!:F!9>1!
XK.5G81-9!A+B!H/9>! ;5G/52/./93!:F!9>1!
/441E/591.3!5E^50169! G1F1G1601!`!0>5681!
A+B-U!<K-541!5-!X!1C01?9! /6!47-0.1!;:.741a!
1;1G3!-10:6E!/4581-!95V16U!
YK!419>:E!7-/68!A+B!59!<_)!
Y_)!"_)!%_`U!"K!!4:-9!
?G:C/45.!A+B!H/9>!1;1G3!
XE)!<E)!Y9>aaa!A+B!
415-7G14169-D)!;:.741I!
./615G!/691G?:.59/:6!

&& !! !! !! !! !! !! !! !! !!

! "X!
Q$$-0/&'RRL& '()!'*)!+:! K! /4581!25-1E!-18416959/:6! 0:GG109/:6! X)!9G5/61E! K! ;:.741! /691G!G591G! 0:GG1.59/:6!
INNK& W!45675.!-18416959/:6)! 5.8:G/9>4!F:G! G1./52/./93! 0:1FF/0/169)!45C!
;:.741I!5EE/9/:6!:F!9>1! ?5G9/5.!;:.741! E/FF!
67421G!:F!;:C1.-! 1FF109!

&& && && && && && &&


Q14&&FGGL& OR!@#_9/41-!D)! E/--109/:6! 45675.!-18416959/:6!/6!9>1! K! X)![L! K! ;:.741! 0:607GG169! QAA)!4156!E/FF!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
IJPK& MALT!@#_!9/41-D)! <!?.561-)!;:.741I!5EE/9/:6! ;5./E/93)!!!!!!!!!!!!!!!!!!!!!!!!!
MO*!@#_!9/41-D)! :F!9>1!67421G!:F!;:C1.-! /691G!G591G!
SAd!@e!9/41-D)! G1./52/./93!
TL!@$!9/41-D!!
&& !! !! !! !! !! !! !! !! !!
Q14*/,05& N*)!O-)!M+()! -./01!23!-./01! 59.5-!25-1E!W!-959/-9/05.! /4581! #)!1C?1G9! !! Z<=!->5?1! 0:607GG169! =+Q)!RA)!!4156!
FG''&INLK& 2:9>!-/E1-! 45675.! ->5?1!25-1E!-18416959/:6! ?G1?G:01--/68!@2/5-! @F:G!45675.! ;5./E/93! +7GF!=!!
-18416959/:6! F/1.E!0:GG109/:6)! -18416959/
?5G9/5.!;:.741! :6D!
/691G?:.59/:6D!

&& !! !! !! !! !! !! !! !! !!
S0$-;%/&FG'P& LS)!P*(Q)!+5G)! -./01!23!-./01! -18416959/:6!7-/68! 67421G!:F!-./01-! K! K! ;:.741)!<=! 0:607GG169! ?:/69K9:K-7GF501!
INHK& RS*)!TS+)!TS*)! 45675.! ?5G5419G/0!->5?1! 0>:-16!9:!:295/6!56! ->5?1! ;5./E/93! E/-95601!
+R)!+R)!'G5! -18416959/:6)! E1F:G459/:6!56E!/4581! 1GG:G!g"`U!g"44! XJL(+M!
;:.741I!7-/68! ?G:01--/68)!/4?G:;14169-!
<=!->5?1!! @/4?G:;1E!=O+,!
910>6/f71I!-14/!579:459/0!
0:69:7G/68)!579:459/0!
5E^7-914169-!:F!9>1!
/691G41E/591!0:69:7G-D!!
&& !! !! !! !! !! !! !! !! !!
T-5&FG'L& +-?/! 9>G1->:.E/68! /4581!25-1E!56E!->5?1! K! X)!1C?1G9-! K! <=!->5?1! 0:607GG169! =+Q)!B007G503!h!
IFRK& 56E!45675.! 25-1E!-18416959/:6)! ;5./E/93! @LOW!L[DU@!LOW!
?:-9K! ;:.741I!500747.59/:6!:F! M![W!M!OW!L[D)!
?G:01--/68! 9>1!X=!0:69:7G-)!*5?.50/56! 4156!+7GF!=)!
-4::9>/68!?G:01--! (5C!+7GF!=!
&& !! !! !! !! !! !! !! !! !!
U%3/-1%1& +-?/)+-05)! -./01!23!-./01! K!-/68.1!-./01!45675.! K! X)! 150>!:?1G59:G! ;:.741! 0:607GG169! +97E169)!4156!
FGGD&IJNK& Q-?/WR4/6! 45675.! -18416959/:6!@59!9>1!iK :G9>:?51E/0! 0:69:7G1E! ;5./E/93)!/69G5! E/FF)!X+=)!AP!
-18416959/:6)! ->5?1E!?:-/9/:6D)!;:.741I! -7G81:6-! 47-0.1-!<! 56E!/691G!
;:.741I!! 05.07.591E!23!9>1!-:F9H5G1!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! 9/41-!:6!<!E53-! G591G!
05.07.591E!23! ZK!45675.!-18416959/:6!:F!X! G1./52/./93!
9>1!-:F9H5G1!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
-./01-!@59!9>1!iK->5?1E!
?:-/9/:6!56E!59!5!E1F/61E!
4:G1!41E/5.!?:-/9/:6D)!
;:.741I!05.07.591E!23!9>1!
-:F9H5G1!!!!!!!!!

! "<!
&& !! !! !! !! !! !! !! !! !!
U%&!,0/%,& LS)!PQ)!P()!P*)! -./01!23!-./01! K!59.5-!25-1E!-18416959/:6! K! #)! K! ;:.741)!<=! 0:607GG169! QAA)!AP)!=+Q)!
FG'N&IPHK& N75)!G/8>9!-/E1! 45675.! @-14/!579:4591ED!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! 1C?1G/1601 ->5?1! ;5./E/93)! S[PS)!SOPS)!
-18416959/:6)! ZK!59.5-!25-1E!-18416959/:6! E! G1?15952/./93)! (P+S!
;:.741I!0:61! @F7..3!579:4591ED! 1;5.759/:6!:F!
419>:E! 5FF/61!56E!
6:6!./615G!
G18/-9G59/:6!
419>:E-)!56E!
F7-/:6!
419>:E-!
&& !! !! !! !j"<k! !! !! !! !! !!
U718&FGGF& RBWM=*WM\*)! -./01!23!-./01! K!-./01!23!-./01!45675.! 67421G!:F!-./01-! X)![L! 45675.! ;:.741! 0:607GG169! QAA)!B[,PB)!
IPRK& .1F9!-/E1! 45675.! 0>:-16I!9:!>5;1!g!
-18416959/:6)!;:.741I![L!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! -18416959/:6! ;5./E/93! 4156!E/FF)!X+=!
-18416959/:6)! K!-./01!23!-./01!45675.! #_`!E/FF1G1601U! :F!#<!-./01-! @G1E701E!
;:.741I! -18416959/:6)!;:.741I! G1F1G1601!;:.741! 1f75..3! 67421G!:F!
03./6E1G! 0:61!419>:E!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! E/-9G/2791E!<! -./01-D)!/69G5!
ZK!45675.!-18416959/:6!:F!%!
419>:E!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! 9/41-!23!:61! 56E!/691G!
-./01-)!;:.741I!03./6E1G! :?1G59:G)!#! G591G!
419>:E!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! 9/41!23!56:9>1G! G1./52/./93!
ZK!45675.!-18416959/:6!:F!%! 7-/68!#<!
-./01-)!;:.741I!0:61! -./01-)!!
419>:E!!!!!! 0:4?5G/-:6!
219H116!
419>:E-!
&& !! !! !! !! !! !! !! !! !!
:",+01&FG'J& N75! 45675.! K!-/68.1!-./01!45675.! -./01!59!X"04! #)! :?1G59:G! ;:.741! 0:607GG169! QAA)!+MM!
IRK& -18416959/:6! -18416959/:6!@59!X"04! @G59>1G!9>56!-./01!59! 47-07.:-V1 G1?1591E!9>1! ;5./E/93!
:F!5!G1E701E! 52:;1!9>1!V611!^:/69D)! #"!56E!X_04D! .195.! 1;1G3!9>/GE! @-/68.1!-./01D)!
67421G!:F! ;:.741I![L! 0>:-16I!9:!>5;1!9>1! G5E/:.:83! -./01!45675.! /69G5!G591G!
-./01-!@1;1G3! 4/6/45.!+MM!! F1..:H! -18416959/:6! G1./52/./93!
9>/GE!-./01D)! @1;1G3!<E!
;:.741I![L! -./01!45675.!
-18416959/:6
D!
&& !! !! !! !! !! !! !! !! !!
:%,*5"11& '()!'*)!+,)!R+)! -./01!23!-./01! -/68.1!-./01!45675.! K! K! K! ;:.741! 0:607GG169! GX)!B[,PB)!
FG'P&IJLK& G/8>9!-/E1! 45675.! -18416959/:6!@A+B!45CD)!! ;5./E/93! ;:.741!L(+M!
-18416959/:6)! 47-0.1!.1689>!@(*D!
;:.741I!! :295/61E!7-/68!F7..!47-0.1!
/6918G5.!:F!9>1! G10:6-9G709/:6!56E!->5?1!
A+B!5.:68!9>1! F509:G!@?D!E191G4/61E!/6!5!
47-0.1!.1689>!!!!!!!!!!!!!!!!!!!!
8G:7?!H/9>!769G5/61E!56E!
9G5/61E!?1G-:6-)!;:.741I!?J!
BA+B45CJ!(*!

! "Y!
&& !! !! !! !! !! !! !! !!
:%,*5"11& P*)!P()!PQ)!:61! -./01!23!-./01! -/68.1!-./01!45675.! K! K! K! ;:.741! 0:607GG169! 0:1FF/0/169!:F!
FG'J&IJHK& -/E1! 45675.! -18416959/:6!@A+B!45CD)!! ;5./E/93! E191G4/659/:6!!GX)!
-18416959/:6)! 47-0.1!.1689>!@(*D! B[,PB)!
;:.741I!! :295/61E!7-/68!F7..!47-0.1! ;:.741!L(+M!
/6918G5.!:F!9>1! G10:6-9G709/:6!56E!->5?1!
A+B!5.:68!9>1! F509:G!@?D)!E191G4/61E!/6!5!
47-0.1!.1689>!!!!!!!
8G:7?!H/9>!769G5/61E!56E!
9G5/61E!?1G-:6-)!;:.741I!?J!
BA+B45CJ!(*!
&& !! !! !! !! !! !! !! !! !!
:0"$&FG'P& BEE!T*()!TS)! -./01!23!-./01! -18416959/:6!7-/68! K! <! <!:?1G59:G-! Z;:.741)! K!/69G5!G591G! +97E169)!4156!
IJRK& M+)!'.(5)!'.(1)! 45675.! ?5G5419G/0!->5?1! 1C?1G/1601 45E1!<!R#! <=!->5?1! G1./52/./93! E/FF)!+=)!AP)!!
'.(/)!'G5)!Q.)!,2.)! -18416959/:6! E1F:G459/:6!56E!/4581! E!:?1G59:G-!!!!!!!!!!!!!!!!!
G10:6-9G709/:6! 56E!/691G! ?:/69!9:!-7GF501!
O-)!N*)!LB)!LS)! @R#!/4581-D)! ?G:01--/68!@=O+,D! 56E!<!S59! G591G! E/-95601!
+5G)!+(R)!RS*)! ;:.741!7-/68! G10:6-9G709/:6! G1./52/./93!:F! XJL(+M!
P*Q)!P(!! <=!->5?1! @7-/68!=O+,! 9>1!=O+,!
419>:ED! 419>:E!F:G!
R#!56E!F59!
/4581-!!!!!!!!!!!!!!!!!!!!!
ZK!0:607GG169!
;5./E/93!:F!
9>1!=O+,!
419>:E!F:G!
R#!56E!F59!
/4581-!H/9>!
G1F1G1601!
419>:E!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
&& !! !! !! !! !! !! !! !! !!

! ""!
:0,*%&FGGL& N75)!P*)!P()!PQ)! -./01!23!-./01! K!#U-/68.1!-./01!45675.! K! #! K! ;:.741! 0:607GG169! GX)!+MM)!4156!
INGK&& LS)!G/8>9!-/E1! 45675.! -18416959/:6!@A+B45CD)! @415-7G1-! ;5./E/93! E/FF)!#a&$+=!!!!!
-18416959/:6)! 47-0.1!.1689>!@(*D!H/9>! 45E1!<!
;:.741I!! d+)!;:.741I!1f759/:6!7-/68! 9/41-)!
47-0.1!9/--71! (*!56E!BA+B!45C!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! 5;1G581!
5G15!J! ZK!XU!-/68.1!-./01!45675.! G10:GE1ED!
/691G-./01! -18416959/:6!@A+B!59!Y_`!
E/-95601!!! FG:4!9>1!E/-95.!16E!:F!9>1!
F147GD)!G18G1--/:6!1f759/:6!
9:!1-9/4591!9>1!45C/474!
47-0.1!0G:--K-109/:65.!5G15)!
47-0.1!.1689>!@(*D!H/9>!
d+)!;:.741I!1f759/:6!7-/68!
(*!56E!BA+B!45C!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
ZK!<U-541!419>:E!5-!XU!H/9>!
A+B!59!"_`!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
ZK!YU-541!419>:E!!5-!XU!
H/9>!A+B!59!$_`!!

&& !! !! !! !! !! !! !! !! !!
V0,8%?&FGGR& N75! -./01!23!-./01! K!45675.!-18416959/:6!:F!5! 67421G!:F!-./01-! X)![L! #-9!:?1G59:G! ;:.741! /69G5!G591G! !QAA)!B[,PB)!
IFLK& @P*WPQWP(WLSD! 45675.! G1E701E!67421G!:F!-./01-! 0>:-16!9:!:295/6!56! :79./61E!5..!9>1! G1./52/./93! +97E169)!4156!
-18416959/:6)! @<KX#D)!;:.741I!0:61! 1GG:Ggh#a#`! -./01-!5!-10:6E! 56E!/691G! E/FF)!#a&$+=!
;:.741!7-/68! 419>:E)!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! 9/41!:6! G591G!
<=!->5?1a!! ZK!45675.!-18416959/:6!:F!5! E/FF1G169!E53-a!! G1./52/./93!F:G!
G1E701E!67421G!:F!-./01-! 9>1!G1F1G1601!
@<KX#D)!;:.741I!A5;5./1G/! 910>6/f71)!!!!!!!!!!!!!!!!!!!!
F:G47.5!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! 0:607GG169!
ZK!45675.!-18416959/:6!:F!5! ;5./E/93!)!!!!!!!!!!!!!!!!!!!!!!!!!!!!
G1E701E!67421G!:F!-./01-)! 0:4?5G/-:6!
072/0!-?./61!/691G?:.59/:6!9:! 219H116!
1-9/4591!4/--/68!A+B-!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! 419>:E-!
ZK!45675.!-18416959/:6!:F!5!
G1E701E!67421G!:F!-./01-!
@<KX#D)!;:.741I!=O+,!

&& !! !! !! !! !! !! !! !! !!

! "$!
W0."8-+&FG''& RT)!2:9>!-/E1-! -./01!23!-./01! K!-/68.1!-./01!45675.! K! K! K! ;:.741)! 0:607GG169! 5E^7-91E!GX)!L+M!
IJGK&&& 45675.! -18416959/:6!@A+B!45CD)! ;:.741! ;5./E/93!
-18416959/:6)! >741G7-!.1689>!@\*D)! 0>5681! 47-0.1!
;:.741I!0:61! ;:.741I!1f759/:6!7-/68! ;:.741)!
419>:E! A+B45C)!>741G7-!.1689>! 47-0.1!
@\*D)!T(Q!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! ;:.741!
ZK!!-/68.1!-./01!45675.! 0>5681D!
-18416959/:6!@A+B!45CD)!
>741G7-!.1689>!@\*D)!!
;:.741I!1f759/:6!7-/68!
A+B45C)!\*!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
ZK!!-/68.1!-./01!45675.!
-18416959/:6!@A+B!"_`D)!
>741G7-!.1689>!@\*D)!
;:.741I!1f759/:6!7-/68!
A+B"_`)!\*!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
ZK!!-/68.1!-./01!45675.!
-18416959/:6!@A+B!$_`D)!
>741G7-!.1689>!@\*D)!
;:.741I!1f759/:6!7-/68!
A+B!$_`)!\*!!!!!!!

&& !! !! !! !! !! !! !! !! !!
AX0,7.*X"& O/G)!'.(/)!'.(1)! K! -./01!23!-./01!45675.! K! X!?>3-/05.! K! ;:.741! /691G!G591G! QAA!
FG'N&IN'K& '.(5)!2:9>!-/E1-! -18416959/:6)!;:.741I! 9>1G5?/-9-)! G1./52/./93!
5EE/9/:6!:F!9>1!;:C1.-!56E! <U_!315G-!:F!
47.9/?./059/:6!23!9>1!;:C1.! 1C?1G/1601)!!
E/416-/:6! 9G5/61E!

&& !! !! !! !! !! !! !! !! !!
A5%7$8%,*&& SAd)!MAd)!G/8>9! K! -./01!23!-./01!45675.! K! X)![L! #-9!:?1G59:G! ;:.741! /69G5!G591G! QAA)!+97E169)!!
FG'G&INFK& -/E1! -18416959/:6)!;:.741I! G1?1591E!9>1! G1./52/./93)! 4156!E/FF)!AP)!
47-0.1!9/--71!5G15!J! 1;5.759/:6!:F! /691G!G591G! +==!
/691G-./01!E/-95601!! 9>1!F/G-9! G1./52/./93)!
E595-19)!150>! G1?15952/./93!
:2-1G;1G!
1;5.7591E!2:9>!
E595-19-!
&& !! !! !! !! !! !! !! !! !!

! "e!
A.,-14%,& '.(1)!'.(/)!,M)! K! -./01!23!-./01!45675.! K! X)![L! XE!:?1G59:G! ;:.741! /69G5!G591G! +97E169)!4156!
FG'F&IPHK& 2:9>!-/E1-! -18416959/:6)!;:.741I![L! G1?1591E!9>1! E/FF)!#a&$+=)!AP!!
G1./52/./93)!!!!!!!!!!!!!!!!!!!!!!!!!!!
1;5.759/:6!:F! /691G!G591G!
5..!E595-19-! G1./52/./93!
5F91G!56!
/691G;5.!:F!Y!
H11V-a!!
&& !! !! !! !! !! !! !! !! !!
A783022&FGGR& +()!+R)!TS+)! -./01!23!-./01! -18416959/:6!7-/68! 67421G!:F!-./01-! X)![L! K! ;:.741)!<=! 0:607GG169! QAA)!4156!E/FF)!
INDK& TS*)!+5G)!RS*)! 45675.! ?5G5419G/0!->5?1! 0>:-16!9:!:295/6!56! ->5?1! ;5./E/93)!/691G! +=)!?:/69!9:!
'G5)!P*Q)!P()! -18416959/:6! E1F:G459/:6!56E!/4581! 1GG:Gg"`! G591G! -7GF501!E/-95601!
LS)!'()!'*! @R#!/4581-D)! ?G:01--/68!@=O+,D! G1./52/./93!! 1GG:G)!?:/69!9:!
;:.741I!7-/68! -7GF501!E/-95601!
<=!->5?1!! XJL(+M!!
&& !! !! !! !! !! !! !! !! !!
!-14",/&FGGD& +-?/)+-05)! E/--109/:6)! -./01!23!-./01!45675.! K! <)![L! 150>!:?1G59:G! ;:.741! 0:607GG169! O15G-:6!GX)!4156!
IFJK& Q-?/WR4/6! H591G! -18416959/:6)!;:.741I!! 0:69:7G1E! ;5./E/93)!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
E/FF)!+=)!AP!
E/-?.5014169! 47-0.1!9/--71!5G15!J! 47-0.1-!<! /69G5!G591G!
/691G-./01!E/-95601!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
9/41-!:6!<!E53-! G1./52/./93)!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
/691G!G591G!
G1./52/./93!!
&& !! !! !! !! !! !! !! !! !!
!,"+9&FGGD& N75)!9G5/61E!-/E1! -./01!23!-./01! K!45675.!-18416959/:6!:F!5! K! #)![L! - ;:.741)! 0:607GG169! GX)!+MM)!4156!
IFNK& 45675.! G1E701E!67421G!:F!-./01-! ;:.741! ;5./E/93! E/FF)!X+=!
-18416959/:6)! @1;1G3!X6EU!Y9>U!$93U!%9>U! 0>5681! @47-0.1!
;:.741I!0:61! #_9>!-109/:6D)!;:.741I!0:61! ;:.741)!
419>:E! 419>:E!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! 47-0.1!
ZK!-/68.1!-./01!45675.! ;:.741!
-18416959/:6!@A+B45CD)! 0>5681!5F91G!
;:.741I!76/;5G/591! 9G5/6/68D!
G18G1--/:6!
&& !! !! !! !! !! !! !! !! !!
Y"$%1/-1& M+)!()!LB)!O-! K! -./01!23!-./01!45675.! K! X)!6:;/01!! 61H!565.3-/-! ;:.741! /691G!G591G! QAA)!4156!E/FF)!
FG'J&IPJK& 2:9>!-/E1-! -18416959/:6)!;:.741I! @G101/;1E! 45E1!X!H11V-! G1./52/./93!! X+=!
47-0.1!9/--71!5G15!J! 9G5/6/68D!! .591G!/F!.:HU!
/691G-./01!E/-95601!!!! 4:E1G591!
58G114169!
219H116!
5--1--:G-!:6!
9>1!#-9!
1;5.759/:6!
&& !! !! !! !! !! !! !! !! !!

! "%!
Y"15%+3%$%1& '()!+,*)!RB)! -./01!23!-./01! -/68.1!-./01!45675.! K! K! K! ;:.741! 0:607GG169! GX)!+MM!
FG'L&IJ'K& LS)!+()!+R)!.1F9! 45675.! -18416959/:6)!47-0.1! ;5./E/93!
-/E1! -18416959/:6)! .1689>!@(*D!:295/61E!7-/68!
;:.741I!! F7..!47-0.1!G10:6-9G709/:6!
47-0.1!9/--71! 56E!F:G4!F509:G!@SSD)!
5G15!J!-./01! ;:.741I!@@BA+B45CJ!
9>/0V61--! (*DK,FF-19DJSS!

&& !! !! !! !! !! !! !! !!
Z"5"7+3-& !P*)!P()!PQ)!LS)!! -./01!23!-./01! K-/68.1!-./01!45675.! d-1!:F!9>1!A+B!59! #)!9G5/61E! K! ;:.741! 0:607GG169! +MM!
FG'L&IFHK& +()!+R)!TS+)! 45675.! -18416959/:6!59!E/FF1G169! $_`!FG:4!9>1! /4581! ;5./E/93!
TS*)!?5/6F7.!-/E1! -18416959/:6)! F14:G5.!.1689>!.1;1.-)! E/-95.!16E!:F!9>1! 565.3-9!
;:.741I! F14:G5.!.1689>!@S*D)! F147G!56E!47-0.1!
47-0.1!9/--71! ;:.741I!G18G1--/:6! 9>/0V61--!59!"_`!:F!
5G15!J! 1f759/:6-!H>/0>!;5G/1E!F:G! 9>1!E/-95.!16E!:F!
/691G-./01! 150>!47-0.1!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
9>1!F147G!9:!>5;1!
E/-95601!!! ZK!7-1!:F!47-0.1!9>/0V61--! 9>1!21-9!
59!E/FF1G169!F14:G5.!.1689>! 0:GG1.59/:6-!H/9>!
.1;1.-!56E!F14:G5.!.1689>! (P!
@S*D)!;:.741I!G18G1--/:6!
1f759/:6-!H>/0>!;5G/1E!F:G!
150>!47-0.1!!!!!!

#e_! !
#e#! [LI!6:9!G1?:G91E)!!!
#eX! QAAI!/69G50.5--!0:GG1.59/:6!0:1FF/0/169)!4156!E/FFI!4156!E/FF1G1601)!+=I!-956E5GE!E1;/59/:6)!API!0:1FF/0/169!:F!;5G/59/:6)!+==I!-45..1-9!E1910952.1!E/FF1G1601)!
#e<! L(+MI!G::9!4156!-f75G1!1GG:G)!+MMI!-956E5GE!1GG:G!:F!9>1!1-9/4591)!=+QI!=/01!-/4/.5G/93!/6E1C)!4156!-7GF!=I!4156!-7GF501!E/-95601)!45C!-7GF!=I!45C/45.!
#eY! -7GF501!E/-95601)!RAI!R566/4:9:!0:1FF/0/169)!S[PSI!F5.-1!61859/;1!;:.741!FG509/:6)!SOPSI!F5.-1!?:-/9/;1!;:.741!FG509/:6)!(P+SI!47-0.1!;:.741!-/4/.5G/93!
#e"! FG509/:6!
#e$! LSI!G1097-!F14:G/-)!PQI!;5-97-!/691G41E/7-)!P*I!;5-97-!.591G5./-)!P(!I!;59-7-!41E/5./-)!N75!I!f75EG/01?-)!O/G!I!O/G/F:G4/-)!'.(/!I!'.7917-!(/6/47-)!'.(1!I!'.7917-!
#ee! (1E/7-)!'.(5!I!'.7917-!(5C/47-)!SAdI!F.1C:G!05G?/!7.65G/-)!MAdI!1C916-:G!05G?/!7.65G/-)!+-?/I!+7?G5-?/6597-)!+-05I!+72-05?7.5G/-)!Q-?/WR4/6I!Q6FG5-?/6597-!
#e%! 56E!R1G1-!4/6:G)!M+I!MG109:G!+?/651)!(I!47.9/F/E7-)!LBI!G1097-!52E:4/6/-)!O-I!O-:5-)!+5GI!+5G9:G/7-)!'G5I!'G50/./-)!BEE(I!BEE709:G!(5867-)!BEE!*I!BEE709:G!
#e&! .:687-)!TS*I!T/01?-!S14:G/-!*:68!>15E)!TS+I!T/01?-!S14:G/-!+>:G9!>15E)!+RI!+14/!R16E/6:-7-)!+(I!+14/!(142G56:-7-)!'*I!'5-9G:0614/7-!*591G5./-)!'(I!
#%_! '5-9G:0614/7-!(1E/5./-)!+:WS\*I!+:.17-!56E!F.1C:G!>5..70/-!.:687-)!ROI!R/2/5./-!O:-91G/:G)!S=*I!F.1C:G!E/8/9:G74!.:687-)!O1G!*TRI!O1G:617-!@*:687-)!TG1;/-)!
#%#! R1G9/7-D)!RBWM=*WM\*I!9/2/5./-!5691G/:G!56E!1C916-:G!E/8/9:G74!.:687-!56E!1C916-:G!>5..70/-!.:687-)!+:I!+:.17-)!R+I!9G/01?-!-7G51)!!RTI!9G/01?-!2G50>//)!RBI!
#%X! R/2/5./-!B691G/:G)!P*(QI!P5-97-!*591G5./-!56E!(1E/7-!56E!Q691G41E/7-)!RS*I!916-:G!S5-0/5!*595)!BEE!T*(I!5EE709:G!@2G1;/-)!.:687-)!45867-D)!Q.I!Q./507-!)!,2.I!
#%<! ,2./f77-!@9G56-;1G-7-!52E:4/6/-)!/691G67-!56E!1C91G67-!:2./f77-D)!N*I!N75EG597-!*742:G74)!P*QI!P5-97-!*591G5./-!56E!Q691G41E/7-!9:819>1G)!P*(QI!P5-97-!
#%Y! *591G5./-!56E!(1E/5./-!56E!Q691G41E/7-)!TSI!T/01?-!S14:G/-)!+(RI!+14/!(142G56:-7-!56E!R16E/6:-/-)!M+(!I!1G109:G!-?/651!56E!47.9/F/E7-)!ORI!?G:659:G!91G1-)!
#%"! MALT!I!MC916-:G!A5G?/!L5E/5./-!TG1;/-)!MO*!I!MC916-:G!O:../0/-!*:687-)!TG!I!TG50>/:G5E/5./-!

! "&!
$%"! !"#$%&#'

$%&! ("%")&*+,'-.+)"##'
$%%! '()!*+,)-.,/-)!0).-1(!+2)3,+4+)2!5$"#!1+,.,+630!+3!7/89)2:!;5<!1+,.,+630!+3!,()!=61(-.3)!>+8-.-?:!

$%@! ;@$$!1+,.,+630!+3!A16B/0:!5;#5!1+,.,+630!+3!C)8!64!A1+)31)D!E4,)-!-)F6G+3H!2/B*+1.,)0:!<";$!

$@#! -)F.+3)2D!E4,)-!01-))3+3H!,+,*)0!.32!.80,-.1,0:!%"!.-,+1*)0!I)-)!46/32!,6!8)!B6,)3,+.**?!)*+H+8*)D!

$@$! J+3.**?:!;#!F),!,()!+31*/0+63!1-+,)-+.!.32!I)-)!+31*/2)2!KJ+H!$LD!!

$@5! !

$@;! /*0'12'3%+4')56.&''
$@<! !

$@M! 7$6%*&8'6##"##9",&'
$@"! '()!F).3!N!016-)!64!,()!.-,+1*)0!+31*/2)2!I.0!"<D$O$##!KAPQ!@D&LD!'()!B-+F.-?!.+F!64!0)G)3,))3!

$@&! .-,+1*)0!I.0!,6!2),)-F+3)!,()!F),-6*6H+1.*!B-6B)-,+)0!64!.!F).0/-)F)3,!,)1(3+R/)D!')3!.-,+1*)0!

$@%! (.2!.!016-)!.86G)!&#O$##!S@:5&:5%:<MTM$U:!4+4,))3!.-,+1*)0!(.2!.!016-)!8),I))3!"#!.32!&#O$##!

$@@! S5M:5":M5T"<U!.32!4+G)!.-,+1*)0!(.2!.!016-)!8)*6I!"#O$##!S5@:"MT"%UD!P),.+*0!64!,()!016-)0!64!

5##! ).1(!.-,+1*)!.-)!B-6G+2)2!+3!A5!'.8*)D!

5#$! !

5#5! :"#).*-&*+,'+3'(&$;*"#'
5#;! '()! F),(626*6H+1.*! 1(.-.1,)-+0,+10! K0.FB*)0:! 2)0+H30! .32! F).0/-)F)3,! F),(620L! 64! ).1(!

5#<! .-,+1*)!.-)!B-)0)3,)2!+3!,.8*)!$!.32!A;!'.8*)D!!

5#M! '()! .-,+1*)0! +31*/2)2! B-+F.-+*?! 461/0)2! 63! 0)HF)3,.,+63! ,)1(3+R/)0D! 9.3/.*! ,)1(3+R/)0!

5#"! K+31*/2+3H!0*+1)!8?!0*+1)!1-600!0)1,+63.*!.-).!K=AEL!0)HF)3,.,+63:!0)HF)3,.,+63!64!=AE!+3!.!

5#&! -)2/1)2!3/F8)-!64!0*+1)K0L:!0)HF)3,.,+63!64!=AE!63!63)!0*+1)!.32!F/01*)!*)3H,(!/0)L!I)-)!

5#%! )G.*/.,)2!+3!,I)3,?V46/-!.-,+1*)0!S@:5MT5%:<MTM%:"#T"<U!.32!B.-,+.**?!6-!16FB*),)*?!./,6F.,+1!

5#@! 0)HF)3,.,+63! ,)1(3+R/)0! K2)46-F.,+63! 64! .! B.-.F),-+1! 0B)1+4+1! 68W)1,:! 0)F+V./,6F.,)2! .32!

5$#! ./,6F.,)2!.,*.0V8.0)2:!+F.H)V8.0)2!.32!0(.B)V8.0)2:!.,*.0V8.0)2!.32!0,.,+0,+1.*!0(.B)V8.0)2:!

! "#!
5$$! .32!+3,)-.1,+G)V0)HF)3,.,+63!/0+3H!0(.B)!B-+6-0!.32!0,.,+0,+1.*!0(.B)!F62)**+3H!F),(620L!I)-)!

5$5! )G.*/.,)2!+3!,)3!.-,+1*)0!S5&:5@:<%:M;:M@:"<T"%UD!!

5$;! 9/01*)!G6*/F)!I.0!)G.*/.,)2!+3!,I)3,?V0+X!.-,+1*)0!S@:5MT5%:<MTM<:M"T"<:"":"%U:!1(.3H)0!+3!

5$<! F/01*)!G6*/F)!I)-)!)G.*/.,)2!+3!,(-))!.-,+1*)0!S5":M#:MMU!.32!;P!0(.B)0!I)-)!)G.*/.,)2!+3!

5$M! 0)G)3!.-,+1*)0!S5@:<%:M@:"<:"M:"&:"%UD!!

5$"! A)G)3,))3!.-,+1*)0!+31*/2)2!63*?!().*,(?!0/8W)1,0!S5":5&:<MTM#:M5:M;:M&T"#:"5:"<:"&U!.32!0+X!

5$&! +31*/2)2!0/8W)1,0!I+,(!.!F/01/*.-!B.,(6*6H?!64!I(+1(!4+G)!I)-)!63!.2/*,0!I+,(Q!*6I!8.1Y!B.+3:!

5$%! ,6,.*! /3+*.,)-.*! .-,(-6B*.0,?:! .3,)-+6-! 1-/1+.,)! *+H.F)3,! -)1630,-/1,+63:! 1(-63+1! 680,-/1,+G)!

5$@! B/*F63.-?!2+0).0)!6-!Y3))!60,)6.-,(-+,+0!S@:5%:"$:";:"MUZ!,()!4+4,(!.-,+1*)!I.0!63!1(+*2-)3!I+,(!

55#! 1)-)8-.*!B.*0?!SM$UD!'(-))!.-,+1*)0!)G.*/.,)2!1.2.G)-0!S5M:M<:M"UD!!

55$! J6-,?! 2+44)-)3,! F/01*)0! I)-)! )X.F+3)2Q! /BB)-! *+F8! F/01*)0! I)-)! .00)00)2! +3! 0+X! .-,+1*)0!

555! S5M:5@:M#:M<:M":"5U! .32! *6I)-! *+F8! F/01*)0! +3! ,I)3,?V46/-! .-,+1*)0! S@:5"T5%:<MT<@:M$T

55;! M;:MM:M&T"$:";T"%UD! '()! -)1,/0! 4)F6-+0! F/01*)! I.0! ,()! F60,! 4-)R/)3,*?! )G.*/.,)2! K3[$;!

55<! .-,+1*)0LD!P+44)-)3,!4/31,+63.*!H-6/B0!I)-)!/0)2!K3[$%!.-,+1*)0LD!J6-!)X.FB*):!46-!,()!R/.2-+1)B0:!

55M! +,!16/*2!8)!1630+2)-)2!.0!.!I(6*):!6-!H-6/B+3H0!16/*2!8)!F.2)!8),I))3!G.0,/0!*.,)-.*+0!.32!

55"! +3,)-F)2+/0!6-!G.0,/0!*.,)-.*+0:!F)2+.*+0!.32!+3,)-F)2+/0:!6-!.**!,()!F/01*)0!16/*2!8)!0)HF)3,)2!

55&! 0)B.-.,)*?D!!

55%! C+,(!-)H.-20!,6!9\]!B.-.F),)-0:!$DM'!01.33)-0!I)-)!,()!F60,!4-)R/)3,*?!/0)2!K3[55!.-,+1*)0L:!

55@! '$!I)+H(,)2!0)R/)31)0!I)-)!/0)2!+3!,I)3,?!46/-!.-,+1*)0!.32!;P!0)R/)31)0!I)-)!/0)2!+3!0)G)3!

5;#! .-,+1*)0!S@:5@:<":<&:M5:M<:""UD!EX+.*!0*+1)0!I)-)!,()!F60,!4-)R/)3,*?!0)HF)3,)2D!!

5;$! !

5;5! <6,$6%'&")5,*=$"#!K,.8*)!$!.32!5:!A;!A<!.32!AM!'.8*)0L!

5;;! (%*)"'>8'#%*)"'?(@'#"09",&6&*+,!

5;<! ^0,+F.,+63! 64! F/01*)! G6*/F)! /0+3H! 0*+1)V8?V0*+1)! =AE! 0)HF)3,.,+63! I.0! )G.*/.,)2! +3! $$!

5;M! .-,+1*)0!K\.3H)!N!016-)Q!"$V&;:!F).3!N!016-)Q!"%DM!S5M:5&:<MT<@:"$T"<ULD!A*+1)!,(+1Y3)00)0!

5;"! G.-+)2! 8),I))3! $DMFF! S5MU! .32! $#! FF! S<MUD! ]3! 0)G)3! 64! ,(60)! .-,+1*)0:! ,()-)! I)-)! 36! H.B0!

! "$!
5;&! 8),I))3!0*+1)0!S5M:5&:<":<&:<@:"$:"<UD!E4,)-!0)HF)3,.,+63:!0)G)3!2+44)-)3,!1.*1/*.,+63!F),(620!

5;%! I)-)!/0)2!,6!)0,+F.,)!F/01*)!G6*/F)D!

5;@! 962)-.,)! ,6! H662! G.*+2+,?! I.0! 46/32! 8),I))3! F.3/.*! 0*+1)V8?V0*+1)! =AE! 0)HF)3,.,+63! .32!

5<#! F).0/-)F)3,0! 4-6F! 1.2.G)-0! K3[$! .-,+1*):! S5MULD! ]3,-.V-.,)-! -)*+.8+*+,?! I.0! H662! ,6! )X1)**)3,!

5<$! K3[<! S5M:5&:"5:";ULD! ]3,)-V-.,)-! -)*+.8+*+,?! I.0! F62)-.,)! ,6! H662! K3[%! S5M:5&:<<:<M:"#T";ULD!

5<5! ')0,!-),)0,!-)*+.8+*+,?!I.0!H662!K3[5:!S<%:"5ULD!\)0/*,0!I)-)!*)00!-)*+.8*)!46-!)X,)-3.*!68,/-.,6-!

5<;! G6*/F)! S";U! 6-! H*/,)/0! F+3+F/0! G6*/F)D! \)0/*,0! 46-! R/.2-+1)B0! G6*/F)! I)-)! F6-)! -)*+.8*)!

5<<! ,(.3!-)0/*,0!46-!,()!+32+G+2/.*!F/01*)0!,(.,!1630,+,/,)!+,!S5&:<":<%:"<UD!]3!.-,+1*)0!,(.,!+31*/2)2!

5<M! 86,(! ().*,(?! .32! B.,(6*6H+1.*! F/01*)0:! -)0/*,0! I)-)! F6-)! -)*+.8*)! 46-! ().*,(?! F/01*)0! ,(.3!

5<"! B.,(6*6H+1.*!F/01*)0!S"$:";UD!9).3!2+44)-)31)0!64!*)00!,(.3!$_!I)-)!46/32!8),I))3!2+44)-)3,!

5<&! F),(620! 64! G6*/F)! )0,+F.,+63! K163):! 1?*+32)-:! ;-2! .32! <,(! 6-2)-! B6*?36F+.*! -)H-)00+63!

5<%! )R/.,+630L!K3[5:!S<&:<@UL"!

! "5!
5<@! A6>%"'B2'CD*;",)"'+3'D6%*;*&8'6,;'."%*6>*%*&8'>8'&")5,*=$"'6,;'>8'9$#)%"!!
!! #%*)"E>8E#%*)"' ?(@' ?(@' ?(@' ;"3+.96&*+,'+3' ;"3+.96&*+,' +&5".'
?(@' #"09",&6&*+,' #"09",&6&*+,F' #"09",&6&*+,' 6'-6.69"&.*)' +3'6' 6$&+96&*)'
#"09",&6&*+,' +,'6'.";$)";' 9$#)%"' +,'6'#*,0%"' #-")*3*)'+>H")&' -6.69"&.*)' 9"&5+;#'
,$9>".'+3' &5*)G,"##'$#*,0' #%*)"'' I:J(KL'' #-")*3*)'+>H")&'
#%*)"#'' 6'#*,0%"'#%*)"' I:J(KL'M'
6,;'9$#)%"' .";$)";'<!N'
%",0&5'' #"&'9"&5+;'
!!
#$-.6#-*,6&$#' G.*+2+,?! ``!S5MU! `!K5!9AAL!SM"U!! !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
`!SM"U!! !! !! ````!S5@U!
'' +3,-.\! ```!S5MU! ```!K5!9AAL! !! ```!SM"U!! !! !! !!
SM"U!!!
'' +3,)-\! ```!S5MU! ```!K5!9AAL! !! ```!SM"U!! !! !! !!
SM"U!!
#$>#)6-$%6.*#' G.*+2+,?! ``!S5MU! ``!K5!9AAL! !! `!SM"U!! !! !! !!
SM"U!!
+3,-.\! ```!S5MU! ```!K5!9AAL! !! ```!SM"U!! !! !! !!
SM"U!!
+3,)-\! ```!S5MU! ```!K5!9AAL! !! ```!SM"U!! !! !! !!
SM"U!!
*,3.6#-*,6&$#'O' G.*+2+,?! ``!S5MU! ``!K5!9AAL! !! ``!SM"U!! !! !! !!
&"."#'9*,+.'' SM"U!!
+3,-.\! ```!S5MU! ```!K5!9AAL! !! ```!SM"U!! !! !! !!
SM"U!!
'' +3,)-\! ```!S5MU! ``!K5!9AAL! !! ```!SM"U!! !! !! !!
SM"U!!
&.*)"-#'>.6)5**' G.*+2+,?! !! !! ``!SM#U! !! !! !! !!
3%"P+.')6.-*' +3,-.\! ````!S"5U!!!!!!!!!!!!!!!
!! !! !! !! !!
!!
$%,6.*#''
+3,)-\! ```!S"5U!!!!!!!!!!!!!!!!!!!!!!!!!!!
!! !! !! !! !!
!!
"P&",#+.')6.-*' +3,-.\! ```!S"5U!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
!! !! !! !! !!
!!
$%,6.*#'
+3,)-\! ``!S"5U!!!!!!!!!!!! !! !! !! !! !! !!
=$6;.6&$#' G.*+2+,?! !! !! `!SM;U! !! !``!KP+X63LO! !! ```!S"&U!
%$9>+.$9' ```!K'$L!
K$%_9AAL!SM@U!
+3,-.\! !! !! !! !! ```!K$%_9AAL! !! !!
SM@U!
+3,)-\! !! !! !! !! ```!K$%_9AAL! !! !!
SM@U!
".")&+.'#-*,6"' G.*+2+,?! !! ``!SM;U! !! !``!KP+X63LO! !! !!
```!K'$L!K$M_!
!! 9AAL!SM@U!!!
+3,-.\! !! !! !! !! ```!K$M_!9AAL! !! !!
SM@U!
+3,)-\! !```!S<MU! !! !! !! ```!K$M_!9AAL! !! !!
SM@U!
9$%&*3*;$#' +3,)-\! ``!S<MU!!!!!!!!! !! !! !! !! !! !!
.")&$#' G.*+2+,?! !! !! !! !``!KP+X63LO! !! !!
6>;+9*,*#' ```!K$5_!9AAL!
!! K'$L!SM@U!!!!!
+3,-.\! !! !! !! !! ```!K$5_!9AAL! !! !!
SM@U!!
+3,)-\! `!S<MU!!!!!!!!!!!!!!! !! !! !! ``!K$5_!9AAL! !! !!
SM@U!
-#+6#' G.*+2+,?! !! !! !! !``!KP+X63LO! !! ```!S"&U!!
```!K'$L!K$#_!
!! 9AAL!SM@U!
+3,-.\! !! !! !! !! ```!K$#_!9AAL! !! !!
SM@U!!
+3,)-\! ```!S<MU!!!!!!!!!! !! !! !! ```!K$#_!9AAL! !! !!
SM@U!
".")&+.'#-*,6"' G.*+2+,?! !! !! !! !! !! !! ```!S"&U!!!!!!!!!!!!!!!
6,;'9$%&*3*;$#'' +3,)-\! ```!S<MU!!!!!!!!!!!!!!!!!!!
!! !! !! !! !! !!
0%$&"$#'9";*$#' G.*+2+,?! !!!!!!!!!!! !! ``!SM;U!!!!!!!!!!!!!!!! !! !``!KP+X63LO! !! !!
```!K'$L!K5M_!
9AAL!SM@U!
+3,-.\! ```!S";U!!!!!!!!!!!!!!!!!!
!! !! !! ```!K5M_!9AAL! !! !!
SM@U!

! ";!
+3,)-\! ```!S"$U!!!!!!!!!!!!!!!!!!!!!!!!
!! !! !! ``!K5M_!9AAL! !! !!
`!S";U!!!!!!!!!!!!!!!!!!! SM@U!
''0%$&"$#' G.*+2+,?! !! `!SM;U!!!!!!!!!!! !! !``!KP+X63LO! !! !!
9*,*9$#' ```!K'$L!K;#_!
!! 9AAL!SM@U!
+3,-.\! `!K7L!O!``!KaL!! !! !! !! ``!K;#_!9AAL! !! !!
S";U!!!!!! SM@U!
+3,)-\! ```!S"$U!!!!!!!!!!!!!!!!!!!!!!!!!
!! !! !! ``!K;#_!9AAL! !! !!
`!S";U!!!!!!!!!!!!!!! SM@U!
"P&".,6%' +3,-.\! ``!S";U! !! !! !! !! !! !!
+>&$.6&+.' +3,)-\! `!S";U! !! !! !! !! !! !!
0%$&"$#'96P*9$#' G.*+2+,?! !! ``!SM;U!!!!!!!!!!!!! !! !``!KP+X63LO! !! !!
```!K'$L!K$%_!
!! 9AAL!SM@U!
+3,-.\! !! !! !! !! ```!K$%_!9AAL! !! !!
SM@U!!
+3,)-\! ```!S"$U!! !! !! !! ```!K$%_!9AAL! !! !!
SM@U!
-*.*3+.9*#' +3,)-\! ```!S"$U! !! !! !! !! !! !!
*%*6)$#' G.*+2+,?! !! !! !! !! !``!KP+X63LO! !! !!
```!K'$L!K5M_!
9AAL!SM@U!
+3,-.! !! !! !! !! ```!K5M_!9AAL! !! !!
-)*+.8! SM@U!
+3,)-! !! !! !! !! ```!K5M_!9AAL! !! !!
-)*+.8! SM@U!
+>%*=$$#' G.*+2+,?! !! !! !! !! !``!KP+X63LO! !! !!
```!K'$L!K5#_!
9AAL!SM@U!
+3,-.\! !! !! !! !! ```!K5#_!9AAL! !! !!
SM@U!
+3,)-\! !! !! !! !! ```!K5#_!9AAL! !! !!
SM@U!
#-*,"'3%"P+.#' G.*+2+,?! !! !! !! !! !! ``!SM;U! !!
#-*,"'"P&",#+.#' G.*+2+,?! !! !! !! !! !! `!SM;U! !!
5*-'3%"P+.#' G.*+2+,?! !! !! !! !! !! ``!SM;U! !!
5*-'"P&",#+.#' G.*+2+,?! !! !! !! !! !! ``!SM;U! !!
.")&$#'3"9+.*#' G.*+2+,?! !! ````!K.*H!5:!@! ```!SM$U!!!!!!!!!!!!!!!!!!!! !! !``!KP+X63LO! !! `!K4/**?LO!
9AAL!SMMU!!!!!!!!!!!!!!``!S"#U!!!!!!!!!!!!!!!!!!!!!!!! ```!K'$L!K$;_! ```!
`!,6!```! `! 9AAL!SM@U!!!!!!!!!!!!!!!!!!!!!!!!!!!! K0)F+L!
K2)B)32+3H!64! K=AEO,(+1Y3)00L! ``!K"!9AAL!S"<U!!!!!!!!!!!!!!!!!!!!!!!!!!! S<%U!!!!!!!!!
3-!64!9AAL!S<&U!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
S5%U!!!!!!!!!!!!!!!!! ``!K+FB-6G)2! ```!S"MU!!!!!!!!!!!
```!SM;U!!!! P7Ab:!M!9AAL!
S"%U!
+3,-.\! !! !! !! !! ```!K$;_!9AAL! !! !!
SM@U!!!!!!!!!!!!!!!!!!!!!
``!"!9AALS"<U!!!!!!!!!!!!!!!!
+3,)-\! ``!K$!0/8W)1,L! !! !! !! ```!K$;_!9AAL! !! !!
S"<U!!!!!!!!!!!!!!!!!!!!!!!!!!! SM@U!!
``!S<"U!!!!!!!!!!
```!S<%U!!!!!!!!!!!!
D6#&$#'%6&".6%*#' G.*+2+,?! !`!,6!```! ```!KM%L!!!!!!!!!!!!!!!!!!!!!!
!! !! !! `!K4/**?LO!
K2)B)32+3H!64! ```!S"#U!!!!!!!!!!!!!!!!!!!!!! ```!
3-!64!9AAL!S<&U!!! `!K,(+1Y3)00LO! K0)F+L!
``!K=AEL!S"#U!!!!!!!!!!!!!!!!!!! S<%U!!!!!!!!!
!! ```!S"MU!!!!!!!!!!!
+3,)-\! ``!S<%U!!!!!!!!!!!!!!!!!!!!!!
!! !! !! !! !! !!
``!S<"U!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
D6#&$#'9";*6%*#' G.*+2+,?! !! `!,6!```! !``!SM;U!!!!!!!!!!!!!!! !! ``!KP+X63LO!```! !! ```!K4/**?!
K2)B)32+3H!64! ```!S"#U!!!!!!!!!!!!!!!!!!!!! K'$L!K$M_!9AAL! .32!0)F+L!
3-!64!9AAL!S<&U!!! ``!KM%L!!!!!!!!!!!!!!!!!!!!!! SM@U!!!!!!!!!!!!!!!!!!!!!! S<%U!!!!!!!!!!!!!!
`!K,(+1Y3)00LO! ``!K&!9AAL!S"<U!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
```!S"MU!!!!!!!!!
``!K=AEL!S"#U!!!!!!!!!
+3,-.\! !! !! !! !! ```!K$M_!9AAL! !! !!
SM@U!!!!!!!!!!!!!!!!!!!!!!!!!!!
``!K&!9AAL!S"<U!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

! "<!
+3,)-\! ``!S<"U!!!!!!!!!!!!!!!!!!!!!!
!! !! !! ```!K$M_!9AAL! !! !!
``!K$!0/8W)1,L! SM@U!!!
S"<U!!!!!!!!!!!!!!!!!
```!S<%U!!!!!!!!!!!!!!!!!!!!!

D6#&$#' G.*+2+,?! ````! !`!,6!```! ``!KM%L!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


!! !! !! `!K4/**?LO!
*,&".9";*$#' c.-36/+3! K2)B)32+3H!64! ``!S"#U!!!!!!!!!!!!!!!! ```!
5#$M!!!!!!! 3-!64!9AAL!S<&U!!! `!K,(+1Y3)00LO! K0)F+L!
``!K=AEL!S"#U!!!!!!!!!!! S<%U!!!!!!!!
```!S"MU!!!!!!!!!!!
+3,)-\! ```!S<"U!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
!! !! !! !! !! !!
```!S<%U!!!!!!!!!!!!!!!!!!!!!
D6#&$#'%6&".6%*#' G.*+2+,?! !! !! ```!SM;U!!!!!!!!!!!!! !! !``!KP+X63LO! !! !!
6,;'*,&".9";*$#' ```!K'$L!K$M_!
9AAL!SM@U!!!!!!!!!!!!!!!!!!!!!!!!!!!!
``!K&!9AAL!S";U!!!
+3,-.\! !! !! !! !! ```!K$M_!9AAL! !! !!
SM@U!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
```!K&!9AAL!
S";U!!!!!!!!!!!!!!!!!!!
+3,)-\! ``!K$!0/8W)1,L! !! !! !! ```!K$M_!9AAL! !! !!
S"<U!!!!! SM@U!
D6#&$#'%6&".6%*#' G.*+2+,?! !! ````!K.*H!;:!;! !! !! ``!K+FB-6G)2! !! !!
6,;'9";*6%*#' 9AAL!SMMU!!! P7Ab:!M!9AAL!
6,;'*,&".9";*$#' S"%U!
=$6;.*)"-#'' G.*+2+,?! ``!,6!````! `!,6!``!K=AE!.,! ``!S5"U!!!!!!!!!!!!!!!!!!!!!!!
````!S5&U! !``!! !!
K2)B)32+3H!64! 2+44)-)3,!*)G)*0L! ``!K@L!!!!!!!!!!! SM;U!
3,!64!9AAL!S5"U!!! S"#U!
!`!,6!```!
K2)B)32+3H!64!
3,!64!9AAL!S<&U!!'
```!,6!````!
K2)B)32+3H!64!
G6*/F)!
1.*1/*.,+63!
F),(62:!M!,6!$5!
!! 9AAL!S5&U!
+3,-.\! ````!S5&U! !! !! !! !! !! !!
+3,)-\! ```!S<%U!!!!!!!!!!!!!!!!!!!!!!
!```!K@L!! !! !! !! !! !!
``!S<"U!!!!!!!!!!!!!!!!!!!!!!!!
````!S5&U!!!
#6.&+.*$#' G.*+2+,?! !! ````!K.*H!;:!&! ```!SM;U!!!!!!!!! !! !``!KP+X63LO! !! ```!S"MU!
9AAL!SMMU! ```!K'$L!K$#_!
9AAL!SM@U!!!!!!!!!!!!!!!!!!!!!!!!!!!
``!K&!9AAL!S"<U!!!!!!!!!!!!!!!!!!!
``!K+FB-6G)2!
P7Ab:!M!9AAL!
S"%U!!!!!!
+3,-.\! !! !! !! !! ```!K$#_!9AAL! !! !!
SM@U!!!!!!!!!!!!!!!!!!!!!!
`!K&!9AAL!S"<U!!!
+3,)-\! `!K$!0/8W)1,L!! !! !! !! ```!K$#_!9AAL! !! !!
S"<U!!!!! SM@U!
&",#+.'36#)*6'%6&6' G.*+2+,?! !! !! ``!SM;U!!!!!!!!!!!!! !! !``!KP+X63LO! !! !!
```!K'$L!
K$M_9AAL!SM@U!!!!!!!!!!!!!!!!!!!!!!!!!
``!K"!9AAL!S"<U!!!!!!!!!!!!!!!!!!!!!
``!K+FB-6G)2!
P7Ab:!<!9AAL!
S"%U!!!!!!!!
+3,-.\! !! !! !! !! ```!K$M_9AAL! !! !!
SM@U!!!!!!!!!!!!!!!!!!!!!!!!!!
``!K"!9AAL!S"<U!
+3,)-\! ``!K$!0/8W)1,L!! !! !! !! ```!K$M_9AAL! !! !!
S"<U!!! SM@U!!!
>*)"-#'3"9+.*#' G.*+2+,?! !! ````!K.**L!SMMU! ``!SM;U!!!!!!!!!!!!!!!! !! ``!K%!9AAL!S"<U!!!!!!!!!!!!!!!!!!!!!!
!! !```!S"MU!
#5+.&'5"6;' `!S"#U!!!!!!!!!!!!!!!!!!!!! ``!K+FB-6G)2!
P7Ab:!M!9AAL!
S"%U!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
+3,-.\! !! !! !! !! `!K%!9AAL!S";U!!! !! !!

! "M!
+3,)-\! `!K$!0/8W)1,L! !! !! !! !! !! !!
S"<U!!!!!
>*)"-#'3"9+.*#' G.*+2+,?! !! ````!K.**L!SMMU! ``!SM;U!!!!!!!!!!!!!!!!!!!!!!!!!!!!
!! ```!K"!9AAL! !! ```!S"MU!
%+,0'5"6;' `!S"#U! S"<U!!!!!!!!!!!!!!!!!!!!!!!
``!K+FB-6G)2!
P7Ab:!<!9AAL!
S"%U!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
+3,-.\! !! !! !! !! `!K"!9AAL!S"<U!!! !! !!
+3,)-\! ``!K$!0/8W)1,L!! !! !! !! !! !! !!
S"<U!!!!
>*)"-#'3"9+.*#' G.*+2+,?! !! !! !! !! !``!KP+X63LO! !! !!
```!K'$L!K$5_!
9AAL!SM@U!!!
+3,-.\! !! !! !! !! ```!K$5_!9AAL! !! !!
SM@U!
+3,)-\! !! !! !! !! ```!K$5_!9AAL! !! !!
SM@U!!!
#"9*'&",;*,+,#*#' G.*+2+,?! !! ````!K.*H!5:!$$! ``!SM;U!!!!!!!!!!!!!!!!!!!!!!!!!
!! ``!K"!9AAL!S"<U!!!!!!!!!!!!!!!!!!!!!!!!
!! ```!S"MU!
9AAL!SMMU! `!S"#U!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! ``!K+FB-6G)2!
``!SM$U!! P7Ab:!"!9AAL!
S"%U!!!!
+3,-.\! !! !! !! !! `!K"!9AAL!S"<U!!! !! !!
+3,)-\! ``!K$!0/8W)1,L! !! !! !! !! !! !!
S"<U!!!!!
#"9*' G.*+2+,?! !! ````!K.**L!SMMU! ``!SM;U!!!!!!!!!!!!!!!!!!!!!!!!
!! ``!K"!9AAL!S"<U!!!!!!!!!!!!!!!!!!!!
!! ```!S"MU!
9"9>.6,+#$#' `!S"#U!!!!!!!!!!!!!!!!!!!!! ``!K+FB-6G)2!
``!SM$U!! P7Ab:!M!9AAL!
S"%U!!!!
+3,-.\! !! !! !! !! `!K"!9AAL!S"<U!!!!!!!! !!
+3,)-\! ``!K$!0/8W)1,L! !! !! !! !! !! !!
S"<U!!!!!
0.6)*%*#' G.*+2+,?! !! ````!K.**L!SMMU! ``!SM;U!!!!!!!!!!!! !! !``!KP+X63LO! !! !```!S"MU!
```!K'$L!K$#_!
9AAL!SM@U!!!!!!!!!!!!!!!!!!!!!!!!!!!!
``!K&!9AAL!S"<U!!!!!!!!!!!!!!!!!!!!!!!!!!!
``!K+FB-6G)2!
P7Ab:!<!9AAL!
S"%U!!
+3,-.\! !! !! !! !! ```K$#_!9AAL! !! !!
SM@U!!!!!!!!!!!!!!!!!!!!!!!!
`!K&!9AAL!S"<U!!!
+3,)-\! `!K$!0/8W)1,L! !! !! !! ```!K$#_!9AAL! !! !!
S"<U!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! SM@U!!!!
@;;KJ' G.*+2+,?! !! !! ``!SM;U!!!!!!!!! !! !! !! !!
6;;'%+,0$#' G.*+2+,?! !! ````!K.*H!5:!;! !! !! !! !! !!
9AAL!SMMU!!
6;;'960,$#' G.*+2+,?! !! ````!K.*H!5:!$! !! !! !! !! !!
9AAL!SMMU!
#"9*' G.*+2+,?! !! !! !! !! !``!KP+X63LO! !! !!
9"9>.6,+#$#' ```!K'$L!
6,;'&",;*,+#*#' K$$_9AAL!SM@U!!
+3,-.\! !! !! !! !! ```!K$$_9AAL! !! !!
SM@U!!
+3,)-\! !! !! !! !! ```!K$$_9AAL!! !! !!
SM@U!
6;;$)&+.' G.*+2+,?! !! !! !! !! !``!KP+X63LO! !! !!
I>."D*#M'%+,0$#M' ```!K'$L!
960,$6#L'' K5#_9AAL!SM@U!!
+3,-.\! !! !! !! !! ```!K5#_9AAL! !! !!
SM@U!
+3,)-\! !! !! !! !! ```!K5#_9AAL! !! !!
SM@U!
6;;$)&+.' G.*+2+,?! !! !! !! !! !! !! ```!S"MU!!!!!!!!!!!!!!!
G,""'3%"P+.#'' G.*+2+,?! !! !! !! !! !! ``!SM;U! !!
G,""'"P&",#+.#' G.*+2+,?! !! !! !! !! !! ``!SM;U! !!
06#&.+),"9*$#' G.*+2+,?! !! ````!K.*H!5:!5! ``!SM5U!!!!!!!!!!!!!!!!!!!!!!!!
!! ``!K%!9AAL!S"<U!!! !! !!
9";*6%*#' 9AAL!SMMU! ``!SM$U!!!!!!!!!!!!!!!!!!!!
```!SM&U!!!!!!!

! ""!
+3,)-\! ``!K$!0/8W)1,L! !! !! !! !! !! !!
S"<U!!!!!!!!!!!!!!!!!!!!!!!!!!
06#&.+),"9*$#' G.*+2+,?! !! ````!K.*H!5:!&! `!SM5U!!!!!!!!!!!!!!! !! ``!K"!9AAL!S"<U!!! !! !!
%6&".6%*#' 9AAL!SMMU!
+3,-.\! !! !! !! !! `!K"!9AAL!S"<U!!! !! !!
+3,)-\! ``!K$!0/8W)1,L! !! !! !! !! !! !!
S"<U!!!!!!!!!!!!!!!!!!!!!!!!!!
#+%"$#' G.*+2+,?! !! ````!K.*H!5:!<! ``!SM5U!!!!!!!!!!!!!!!!!!!!!!!!!!
!! !! !! !!
9AAL!SMMU! ``!SM$U!!!!!!!!!!!!!!!!!!!!!!
``!SM&U!
&*>*6%*#'-+#&".*+.' G.*+2+,?! !! ````!K.*H!5:!$5! !! !! !! !! !!
9AAL!SMMU!!
-".+,"$#' G.*+2+,?! !! ````!K.*H!;:!&! !! !! !! !! !!
IQ+,0$#M'R."D*#M' 9AAL!SMMU!
A".&*$#L'
&*>*6%*#'6,&".*+.' G.*+2+,?! !! ````!K.*H!;:!$#! !! !! !! !! !!
O'"P&",#+.' 9AAL!SMMU!!!!!!!!!!!!!!!!!!!!
;*0*&+.$9' ````!K%!9AAL!
%+,0$#'O' S<@U!!!!!!
"P&",#+.'56%%$)*#' +3,-.\! !! ```!$;!0*+1)0! !! !! !! !! !!
%+,0$#' S<@U!!!!!!!!!!!!!!!!
+3,)-\! !! ``!$;!0*+1)0! !! !! !! !! !!
S<@U!!!!!!!!!!!!!!!!!!!!!
3%"P+.';*0*&+.$9' G.*+2+,?! !! ````!K.*H!5:!&! !! !! !! !! !!
%+,0$#' 9AAL!SMMU!
&*>*6%*#'6,&".*+.' G.*+2+,?! !! !! ``!SM$U!!!!!!! !! !! !! !!
5M#! !
5M$! ]3,-.\Q!+3,-.!-.,)-!-)*+.8+*+,?:!+3,)-\Q!+3,)-!-.,)-!-)*+.8+*+,?!
5M5! ^X1)**)3,:! H662:! F62)-.,)! .32! B66-! F),-6*6H+1.*! R/.*+,+)0! .-)! -)B-)0)3,)2! 8?! ````:! ```:! ``! .32! `! 0+H30!
5M;! -)0B)1,+G)*?!
5M<! '

! "&!
5MM! ?(@'#"09",&6&*+,'+,'6'.";$)";',$9>".'+3'#%*)"#''

5M"! ^0,+F.,+63! 64! F/01*)! G6*/F)! /0+3H! =AE! 0)HF)3,.,+63! 63! .! -)2/1)2! 3/F8)-! 64! 0*+1)0! I.0!

5M&! )G.*/.,)2! +3! "! .-,+1*)0! K\.3H)! N! 016-)Q! ""V&;Z! F).3! N! 016-)Q! &#D5! S@:5":5&:<&:<@:MMUL"! '()!

5M%! 1(6+1)!64!0*+1)0!46-!0)HF)3,.,+63!I.0!8.0)2!63!2+44)-)3,!)*)F)3,0:!0/1(!.0!,()!3/F8)-!64!0*+1)0!

5M@! S5&:<@U:!+3,)-0*+1)!2+0,.31)!S@:5":<&:MMU:!0B)1+4+1!1(.-.1,)-+0,+10!64!,()!0*+1)0!K46-!)X.FB*)!0*+1)0!

5"#! I+,(!*.-H)0,!=AE:!6-!0*+1)0!,.Y)3!+3!.!0B)1+4+1!B.-,!64!,()!F/01*)!SMMULD!A+X!2+44)-)3,!F),(620!64!

5"$! G6*/F)!)0,+F.,+63!I)-)!-)B6-,)2Q!,()!1?*+32)-!F),(62!S<@U:!,()!163)!F),(62!S5":5&:<@U:!,()!

5"5! =.G.*+)-+! F),(62! S5&U:! 1/8+1! 0B*+3)! +3,)-B6*.,+63! S5&U:! .32! ;-2! .32! <,(! 6-2)-! B6*?36F+.*!

5";! )R/.,+630! S<&UD! =6FB.-+063! 8),I))3! 0)HF)3,.,+63! 2.,.! 4-6F! ,)1(3+R/)0! /0+3H! .! -)2/1)2!

5"<! 3/F8)-!64!0*+1)0!.32!0*+1)V8?V0*+1)!0)HF)3,.,+63!K3[M!S5":5&:<&:<@:MMUL!0(6I)2!,(.,!G.*+2+,?!

5"M! G.-+)2!4-6F!B66-!,6!)X1)**)3,D!d.*+2+,?!I.0!)X1)**)3,!I()3!.!0/44+1+)3,!3/F8)-!64!0*+1)0!I.0!

5""! 0)HF)3,)2!\)2/1+3H!,()!3/F8)-!64!0*+1)0!0?0,)F.,+1.**?!+31-).0)2!,()!)--6-D!'()!3/F8)-!.32!

5"&! ,()!1(6+1)!64!0*+1)0!,6!0)HF)3,!.32!,()!1(6+1)!64!G6*/F)!1.*1/*.,+63!F),(62!,6!68,.+3!.!B-)V

5"%! 2),)-F+3)2!)--6-!I.0!0B)1+4+1!,6!).1(!F/01*)D!'()!F),(62!64!=AE!0)HF)3,.,+63!63!.!-)2/1)2!

5"@! 3/F8)-!64!0*+1)0!(.2!F62)-.,)!,6!H662!+3,-.!.32!+3,)-V-.,)-!-)*+.8+*+,?!]==!K3[5!S@:<@ULD!!

5&#! !!

5&$! ?(@'#"09",&6&*+,'+.'9$#)%"'&5*)G,"##'$#*,0'6'#*,0%"'#%*)"'6,;'9$#)%"'%",0&5''

5&5! ^+H(,!.-,+1*)0!)G.*/.,)2!,()!/0)!64!=AE!0)HF)3,.,+63!6-!F/01*)!,(+1Y3)00!/0+3H!.!0+3H*)!0*+1)!

5&;! .32!F/01*)!*)3H,(!,6!)0,+F.,)!F/01*)!G6*/F)!K\.3H)!N!016-)0Q!"$V&%Z!F).3!N!016-)Q!"&D<L!

5&<! SM#TM;:M&:M%:"#UD! J6-! ,()! F).0/-)F)3,0:! )+,()-! ,()! 0*+1)! I+,(! ,()! H-).,)0,! =AE! SM$T

5&M! M;:M&:M%:"#U:! 6-! 0*+1)0! ,.Y)3! .,! 0B)1+4+1! *61.,+630! K46-! )X.FB*)! .,! M#_! 64! ,()! 863)! *)3H,(L!

5&"! S5%:M#:"#U!I)-)!/0)2D!'6!)0,+F.,)!F/01*)!G6*/F)0:!)R/.,+630!/0+3H!F/01*)!*)3H,(:!=AE!.32!

5&&! 0(.B)!4.1,6-0!I)-)!/0)2D!'()!G.*+2+,?!64!,()0)!F),(620!I.0!)G.*/.,)2!8?!16FB.-+3H!I+,(!0*+1)V

5&%! 8?V0*+1)!F.3/.*!0)HF)3,.,+63!+3!.**!,()!0,/2+)0!8/,!63)D!\)0/*,0!0(6I)2!,(.,!G.*+2+,?!-.3H)2!

5&@! 4-6F!B66-!,6!H662:!8/,!I.0!F60,*?!F62)-.,)!K3[%!SM#TM;:M&:M%:"#ULD!'()!0F.**)0,!)--6-0!I)-)!

5%#! 46/32!46-!=AE!F).0/-)2!.,!"#_!4-6F!,()!2+0,.*!)32!64!,()!4)F/-!6-!(/F)-/0!46-!,()!R/.2-+1)B0:!

! "%!
5%$! Y3))!4*)X6-0!.32!,-+1)B0!8-.1(+.*+0!K3[;!S5%:M#:"#UL:!.32!/0+3H!F/01*)!,(+1Y3)00!.,!M#_!64!,()!

5%5! 4)F/-!46-!,()!R/.2-+1)B0!K3[$!S5%UL"!A6F)!F/01*)!G6*/F)0!.BB).-)2!,6!8)!F6-)!2+44+1/*,!,6!

5%;! 68,.+3! I+,(! =AE! 0)HF)3,.,+63! /0+3H! .! 0+3H*)! 0*+1):! 0/1(! .0! H*/,)/0! F+3+F/0! .32! R/.2-.,/0!

5%<! */F86-/F:!46-!I(+1(!G.*+2+,?!I.0!B66-D!!e6!0,/2+)0!)G.*/.,)2!-)*+.8+*+,?D!!

5%M! !

5%"! ?(@'#"09",&6&*+,'+,'6'#*,0%"'#%*)"'4*&5+$&'9$#)%"'%",0&5''

5%&! ^0,+F.,+63!64!F/01*)!G6*/F)!/0+3H!=AE!0)HF)3,.,+63!63!.!0+3H*)!0*+1)!I+,(6/,!F/01*)!*)3H,(!

5%%! I.0!)G.*/.,)2!+3!,(-))!.-,+1*)0!K\.3H)!N!016-)Q!"%V&5Z!F).3!N!016-)Q!"@D;!S@:5":M"ULD!AB)1+4+1!

5%@! 0*+1)0!I)-)!1(60)3:!)+,()-!,()!63)!I+,(!,()!*.-H)0,!=AE!S5"U!6-!,(60)!,.Y)3!.,!0B)1+4+1!*61.,+630!

5@#! S@:M"UD! 9.3/.*! 0*+1)V8?V0*+1)! 0)HF)3,.,+63! I.0! /0)2! .0! ,()! 163,-6*! -)4)-)31)! ,6! )G.*/.,)!

5@$! G.*+2+,?:!.32!0(6I)2!,(.,!+,!I.0!B66-!,6!F62)-.,)!K3[;!S@:5":M"ULD!766-!-)0/*,0!I)-)!46/32!46-!

5@5! 0/B-.0B+3.,/0:!.32!0/801.B/*.-+0!F/01*)0!SM"UD!]3,-.!.32!+3,)-V-.,)-!-)*+.8+*+,?!I)-)!H662!K3[$!

5@;! SM"ULD!!

5@<! !

5@M! @$&+96&*)'#"09",&6&*+,'&")5,*=$"#!K,.8*)!$!.32!5:!A;!A<!.32!AM!'.8*)0L!!

5@"! :"3+.96&*+,' +3' 6' -6.69"&.*)' #-")*3*)' +>H")&' 9"&5+;' 4*&5' 96,$6%'

5@&! #"09",&6&*+,''

5@%! ^0,+F.,+63!64!F/01*)!G6*/F)!.32O6-!;P!0(.B)!/0+3H!,()!2)46-F.,+63!64!.!B.-.F),-+1!0B)1+4+1!

5@@! 68W)1,!KP7AbL!F),(62!I+,(!F.3/.*!0)HF)3,.,+63!I.0!)G.*/.,)2!+3!4+G)!.-,+1*)0!K\.3H)!N!016-)Q!

;##! <"V&$Z!F).3!N!016-)Q!"5D5!S5&:M;:M@:"<:"%ULD'(+0!,)1(3+R/)!+3G6*G)0!F.3/.*!163,6/-+3H!63!.!

;#$! -)2/1)2!0),!64!+F.H)0:!46**6I)2!8?!.!B.-.F),-+1!0(.B)V8.0)2!+3,)-B6*.,+63!16F8+3)2!I+,(!.!

;#5! Y-+H+3H! ,)1(3+R/)! +3! 6-2)-! ,6! 68,.+3! .! 0/-4.1)! F62)*! I+,(6/,! /0+3H! ,()! +3,)-F)2+.,)! 0*+1)0!

;#;! S"%:"@UD!d.*+2+,?!I.0!F62)-.,)!,6!H662!16FB.-)2!,6!0*+1)V8?V0*+1)!F.3/.*!0)HF)3,.,+63!K3[<!

;#<! S5&:M@:"<:"%ULD!\)2/1+3H!,()!3/F8)-!64!0*+1)0!+31-).0)2!,()!)--6-!K3[$!SM;ULD!\)*+.8+*+,?!I.0!

;#M! B66-!,6!H662!2)B)32+3H!63!,()!F/01*)!K3[5:!SM@:"<ULD!'()!3/F8)-!64!F.3/.**?!0)HF)3,)2!0*+1)0!

! "@!
;#"! -)R/+-)2!,6!68,.+3!.!B-)V2),)-F+3)2!)--6-!I.0!0B)1+4+1!,6!).1(!F/01*)D!E!*.-H)-!3/F8)-!64!0*+1)0!

;#&! I.0!3)1)00.-?!46-!H*/,)/0!F+3+F/0:!H*/,)/0!F)2+/0:!68*+R//0!.32!+*+.1/0D!

;#%! !

;#@! K&5".'6$&+96&*)'#"09",&6&*+,'&")5,*=$"#'

;$#! J6/-! 6,()-! F),(620! ,6! )0,+F.,)! ;P! F/01*)! 0(.B)0! I)-)! )G.*/.,)2Q! 0)F+V./,6F.,)2! .32!

;$$! ./,6F.,)2! .,*.0V8.0)2! 0)HF)3,.,+63! S<%U:! +F.H)V8.0)2! .32! 0(.B)V8.0)2! 0)HF)3,.,+63! S5@U:!

;$5! .,*.0V8.0)2!.32!0,.,+0,+1.*!0(.B)V8.0)2!0)HF)3,.,+63!S"&U:!.32!+3,)-.1,+G)V0)HF)3,.,+63!/0+3H!

;$;! 0(.B)!B-+6-0!.32!0,.,+0,+1.*!0(.B)!F62)**+3H!S"MU!K\.3H)!N!016-)0Q!<@V&;Q!F).3!N!016-)Q!MMDMLD!

;$<! E32-)I0! ),! .*D! /0)2! .! B-68.8+*+0,+1! 0(.B)! -)B-)0)3,.,+63! 1.**)2! H)3)-.*+f)2! *6HV-.,+6!

;$M! -)B-)0)3,.,+63!,(.,!+31*/2)2!.2W.1)31?!+346-F.,+63!.*63H!I+,(!.!-6,.,+63.**?!+3G.-+.3,!-.326F!

;$"! 46-)0,!86/32.-?!2),)1,6-!,6!./,6F.,+1.**?!0)HF)3,!,(+H(!F/01*)0!S"MUD!g+F!),!.*D!/0)2!.3!.1,+G)!

;$&! 163,6/-!0)HF)3,.,+63!F),(62!I+,(!.!*)G)*!0),0!.BB-6.1(!,6!./,6F.,+1.**?!)X,-.1,!0/B-.0B+3.,/0!

;$%! F/01*)! 4-6F! .3! 9\! +F.H)! S5@UD! ^3H0,-6F! ),! .*D:! /0)2! .! 0,.,+0,+1.*! 0(.B)! F62)*! KAA9L! ,6!

;$@! ./,6F.,+1.**?! 0)HF)3,! R/.2-.,/0! */F86-/F! S"&UD! P/-+3H! ,()! 4+,,+3H! B-61)00:! ,()! 2)46-F.8*)!

;5#! AA9!I.0!1630,-.+3)2!/0+3H!B-68.8+*+0,+1!9\!.,*.0)0D!>)!'-6,,)-!),!.*D!/0)2!.!F/*,+V.,*.0!8.0)2!

;5$! ./,6F.,+1!0)HF)3,.,+63!F),(62!,6!R/.3,+4?!,()!G6*/F)!64!,()!R/.2-+1)B0!4)F6-+0!F/01*)!H-6/B!

;55! S<%UD!d.*+2+,?!.H.+30,!0*+1)!8?!0*+1)!F.3/.*!0)HF)3,.,+63!I.0!F62)-.,)!,6!)X1)**)3,!.32!F60,!

;5;! 64!,()!-)0/*,0!0(6I)2!H662!G.*+2+,?D!e6!0,/2+)0!64!-)*+.8+*+,?!I)-)!46/32D!!

;5<! !

;5M! A")5,*=$"'3"6#*>*%*&8!KA<!'.8*)L!
;5"! '()!2/-.,+63!64!0)HF)3,.,+63!I.0!)G.*/.,)2!+3!)+H(,!0,/2+)0!S5M:5":<":M":M@:"<T""UD!h0)!64!.!

;5&! -)2/1)2!3/F8)-!64!0*+1)0!,6!68,.+3!F/01*)!G6*/F)!2+G+2)2!0)HF)3,.,+63!,+F)!8?!<:!/0)!64!63*?!

;5%! 63)!6-!,I6!0*+1)0!2+G+2)2!0)HF)3,.,+63!,+F)!8?!5"!.32!$M:!-)0B)1,+G)*?!SM"UD!h0)!64!,()!P7Ab!

;5@! F),(62!,6!)G.*/.,)!;P!0(.B)!(.*G)2!,()!,+F)!,.Y)3!+3!63)!.-,+1*)!SM@U!.32!2+G+2)2!+,!8?!$5!+3!

;;#! .36,()-!S5&UD!h0+3H!./,6F.,+1!0)HF)3,.,+63!F),(620:!63)!.-,+1*)!-)B6-,)2!,(.,!,()!,+F)V,6V-/3:!

! &#!
;;$! I+,(6/,!(/F.3!+3,)-.1,+63:!I.0!.86/,!M#!F+3/,)0!B)-!+F.H)!S"MUD!e6!6,()-!0,/2+)0!)G.*/.,)2!

;;5! 4).0+8+*+,?D!!

;;;! !

;;<! :*#)$##*+,'
;;M! '(+0!-)G+)I!+31*/2)2!;#!.-,+1*)0!I(+1(!B-+F.-+*?!461/0)2!63!0)HF)3,.,+63!,)1(3+R/)0D!],!(.0!

;;"! -)B6-,)2!1/--)3,*?!.G.+*.8*)!)G+2)31)!46-!,()!F),-6*6H+1.*!R/.*+,+)0!64!F.3/.*!.32!./,6F.,+1!

;;&! 0)HF)3,.,+63!,)1(3+R/)0!,(.,!)0,+F.,)!F/01*)!G6*/F)!.32!0(.B):!.32!,()!4).0+8+*+,?!64!,()+-!/0)!

;;%! +3!.!1*+3+1.*!6-!-)0).-1(!0),,+3HD!'()!F.W6-+,?!64!0,/2+)0!-)G+)I)2!+31*/2)2!().*,(?!0/8W)1,0:!

;;@! )G.*/.,)2!*6I)-!*+F8!F/01*)0!.32!/0)2!0*+1)V8?V0*+1)!F.3/.*!0)HF)3,.,+63!.0!,()!H6*2V0,.32.-2!

;<#! -)4)-)31)D!i-).,)-!)--6-0!+3!G6*/F)!.32!0(.B)!)0,+F.,+63!I)-)!46/32!,6!8)!B-62/1)2!8?!F),(620!

;<$! ,(.,! 0+FB*+4+)2! .32! 0(6-,)3)2! ,()! F.3/.*! 0)HF)3,.,+63! B-61)00D! A/44+1+)3,! )G+2)31)! I.0!

;<5! .G.+*.8*)!,6!0/BB6-,!,()!G.*+2+,?!64!,()!P7Ab!,)1(3+R/)D!E!*.1Y!64!-68/0,!0,/2+)0!F).3,!,(.,!

;<;! 6,()-! a/,6F.,+1! 0)HF)3,.,+63! ,)1(3+R/)0! 16/*2! 36,! 8)! G.*+2.,)2! 8/,! ,()! )G+2)31)! 1/--)3,*?!

;<<! .G.+*.8*)!I.0!1630+2)-)2!,6!8)!)316/-.H+3H!.32!4/-,()-!I6-Y!63!,()0)!F),(620!+0!+32+1.,)2D!

;<M! A6F)!B.-,+1/*.-+,+)0!46-!0B)1+4+1!F/01*)0!.32!0)HF)3,.,+63!,)1(3+R/)0!I)-)!(+H(*+H(,)2D!

;<"! !

;<&! <"&.+%+0*)6%'=$6%*&*"#'+3'96,$6%'6,;'6$&+96&*)'&")5,*=$"#'

;<%! <6,$6%'#"09",&6&*+,'&")5,*=$"#'

;<@! A*+1)V8?V0*+1)!F.3/.*!0)HF)3,.,+63!I.0!,()!F60,!)G.*/.,)2!,)1(3+R/)!8/,!+,0!G.*+2+,?!I.0!63*?!

;M#! )G.*/.,)2! +3! 63)! 0,/2?! K63! -6,.,6-! 1/44! F/01*)0LD! E0! 0*+1)V8?V0*+1)! F.3/.*! 0)HF)3,.,+63! +0!

;M$! I+2)*?!/0)2!.0!.!-)4)-)31)!F),(62:!4/-,()-!0,/2+)0!.-)!I.--.3,)2!,6!1634+-F!+,0!G.*+2+,?D!C+,(!

;M5! -)H.-20!,6!-)*+.8+*+,?:!-)0/*,0!G.-+)2!.F63H!F/01*)0D!'()!/0)!64!2+44)-)3,!G6*/F)!1.*1/*.,+63!

;M;! F),(620!2+2!36,!0))F!,6!1(.3H)!,()!)--6-0:!+32+1.,+3H!,(.,!)--6-0!46/32!8),I))3!F).0/-)F)3,0!

;M<! I)-)!*+Y)*?!-)*.,)2!,6!0)HF)3,.,+63D!'()!R/.*+,?!64!,()!-)0/*,0!I.0!*6I)-!46-!2))B!F/01*)0!0/1(!

;MM! .0! H*/,)/0! F+3+F/0! .32! 46-! F/01*)0! I(60)! 86/32.-+)0! .-)! /31*).-:! 0/1(! .0! ,()! +32+G+2/.*!

! &$!
;M"! F/01*)0!64!,()!R/.2-+1)B0D!]2)3,+4?+3H!,()+-!)X,)-3.*!86-2)-0!.BB).-0!1(.**)3H+3HD!'6!*+F+,!,()0)!

;M&! 0)HF)3,.,+63! )--6-0:! I)! 8)*+)G)! ,(.,! +,! +0! )00)3,+.*! ,(.,! 0,.32.-2+f)2! B-61)2/-)0! /0+3H! 1*).-!

;M%! .3.,6F+1.*!*.32F.-Y0!B)-!F/01*)!.-)!2)G)*6B)2!.32!+FB*)F)3,)2!S<"UD!P)0B+,)!,()!4.1,!,(.,!

;M@! 4)I!0,/2+)0!)G.*/.,)2!+F.H)!.1R/+0+,+63!F),(620:!,()?!.BB).-!,6!8)!Y)?!46-!,()!*+F+,.,+63!64!

;"#! 0)HF)3,.,+63!)--6-0!S&#UD!\)H.-2+3H!,()!0,/2+)0!,(.,!16FB.-)2!2.,.!4-6F!0/8W)1,0!I+,(!().*,(?!

;"$! 6-!B.,(6*6H+1.*!F/01*)0:!,()!I).Y)-!-)*+.8+*+,?!46-!B.,(6*6H+1.*!F/01*)0!16/*2!8)!.,,-+8/,)2!,6!

;"5! 0(.B)! 1(.3H)0! .32! 86/32.-+)0! ,(.,! .-)! F6-)! 2+44+1/*,! ,6! +2)3,+4?! S"MUD! A*+1)V8?V0*+1)! F.3/.*!

;";! 0)HF)3,.,+63!+0!.*06!,+F)V1630/F+3H:!()31)!+,!1.336,!8)!).0+*?!/0)2!+3!1*+3+1.*!B-.1,+1)D!!

;"<! !

;"M! ')1(3+R/)0!8.0)2!63!,()!F.3/.*!0)HF)3,.,+63!64!.!-)2/1)2!3/F8)-!64!0*+1)0!-).1()2!H662!,6!

;""! )X1)**)3,!G.*+2+,?!I()3!.!0/44+1+)3,!3/F8)-!64!0*+1)0!I.0!0)HF)3,)2D!'()!.BB-6B-+.,)!3/F8)-!

;"&! 64!0*+1)0!G.-+)2!.F63H!F/01*)0D!J6-!F60,:!4)I)-!,(.3!(.*4!64!,()!,6,.*!3/F8)-!64!0*+1)0!3))2!,6!

;"%! 8)! F.3/.**?! 0)HF)3,)2:! I+,(! 0*+1)! ,(+1Y3)00)0! 64! $#! FF! .32! +3,)-0*+1)! 2+0,.31)0! 64! M! FF:!

;"@! .**6I+3H!0(6-,)-!B-61)00+3H!,+F):!I(+*0,!F.+3,.+3+3H!.3!.*F60,!)R/+G.*)3,!*)G)*!64!B)-46-F.31)!

;&#! 16FB.-)2! ,6! 0*+1)! 8?! 0*+1)! 0)HF)3,.,+63D! \)0/*,0! 1.3! 4/-,()-! 8)! +FB-6G)2! 8?! ,()! 1(6+1)! 64!

;&$! .BB-6B-+.,)!0*+1)0!,6!0)HF)3,!SMMUD!^--6-0!+3! G6*/F)!)0,+F.,+63!1.3!(6I)G)-!611/-!I()3!,()!

;&5! 3/F8)-! 64! 0)HF)3,)2! 0*+1)0! +0! -)2/1)2! S5":5&:<&:<@:MMUD! C)! I)-)! /3.8*)! ,6! 2),)-F+3)! .3?!

;&;! H)3)-.*!-/*)0!8.0)2!63!F/01*)!0(.B)!6-!,()!0+f):!,(/0!4/-,()-!0,/2+)0!.-)!-)R/+-)2!,6!.00)00!,()0)!

;&<! F),(620!+3!F/01*)0!,(.,!I)-)!36,!)G.*/.,)2!+3!,(+0!0?0,)F.,+1!-)G+)I:!)0B)1+.**?!/BB)-!*+F8!

;&M! .32! ,-/3Y! F/01*)0D! >.0,*?:! +FB6-,.3,! 2+44)-)31)0! 8),I))3! G6*/F)! 1.*1/*.,+63! F),(620! I)-)!

;&"! .*06!(+H(*+H(,)2D!J6-!)X.FB*):!,()!163)!F),(62!I.0!+3.BB-6B-+.,)!46-!4/0+46-F!F/01*)0!S5&:<&UD!!

;&&! !

;&%! h0)!64!)G)3!4.0,)-!,)1(3+R/)0:!0/1(!.0!,()!0)HF)3,.,+63!64!.!0+3H*)!0*+1)!I+,(!6-!I+,(6/,!F/01*)!

;&@! *)3H,(:!16/*2!8)!.0061+.,)2!I+,(!.!*600!64!B-)1+0+63D!c)1./0)!64!,()+-!0B))2!64!-).*+f.,+63:!,()0)!

;%#! ,)1(3+R/)0!1.3!8)!/0)2!+3!1*+3+1.*!B-.1,+1)!+4!,()!.+F!+0:!46-!)X.FB*):!,6!)0,+F.,)!,()!2)H-))!64!

;%$! F/01*)! *600! +3! 2+0).0)0! ,(.,! 1./0)0! 0)G)-)! .,-6B(?:! I()-)! 2+44)-)31)0! 64! F6-)! ,(.3! $#_! +3!

! &5!
;%5! G6*/F)!I6/*2!36-F.**?!8)!)XB)1,)2D!AB)1+.*!.,,)3,+63!F/0,!(6I)G)-!8)!B.+2!I()3!/0+3H!,()0)!

;%;! F),(620!46-!363V4/0+46-F!F/01*)0D!E*,(6/H(!,()!H/+2)*+3)0!/0)2!46-!,()!1(6+1)!64!).1(!0*+1)!

;%<! I)-)!2),.+*)2!46-!).1(!,)1(3+R/):!,()-)!I.0!*+,,*)!-)*+.8+*+,?!)G.*/.,+630D!],!(.0!8))3!B-)G+6/0*?!

;%M! -)B6-,)2!,(.,!,()!6B,+F.*!*61.,+63!64!F).0/-)F)3,0!1.3!8)!2+44+1/*,!,6!86,(!2)4+3)!.32!-)B-62/1)!

;%"! S"$U!,(/0!,()-)!+0!.!B6,)3,+.*!46-!)--6-0!,6!611/-!4-6F!F.3/.*!=AE!0)HF)3,.,+63D!J/-,()-!0,/2+)0!

;%&! .-)!I.--.3,)2!,6!)G.*/.,)!-)*+.8+*+,?D!!

;%%! !

;%@! @$&+96&*)'#"09",&6&*+,'&")5,*=$"#!

;@#! '()!P7Ab!F),(62:!I(+1(!+3G6*G)0!./,6F.,+1!0)HF)3,.,+63!64!+3,)-F)2+.,)!0*+1)0:!(.2!H662!

;@$! G.*+2+,?! +4! )36/H(! 0*+1)0! I)-)! F.3/.**?! 0)HF)3,)2D! J6-! 363V4/0+46-F! .32! 0F.**! F/01*)0:! .!

;@5! H-).,)-! 3/F8)-! 64! 0*+1)0! (.0! ,6! 8)! F.3/.**?! 0)HF)3,)2! ,6! F.+3,.+3! H662! .11/-.1?D! ]4! ,(+0!

;@;! F),(62!+0!46/32!,6!8)!-)*+.8*):!+,!16/*2!8)!/0)2!+3!.0061+.,+63!I+,(!F.3/.*!,)1(3+R/)0!,6!-)2/1)!

;@<! ,()!3/F8)-!64!F.3/.**?!0)HF)3,)2!0*+1)0!.32!()*B!0.G)!,+F)D!J/-,()-!0,/2+)0!.-)!I.--.3,)2!,6!

;@M! 2),)-F+3)!I(+1(!,)1(3+R/)!+0!,()!F60,!.11/-.,)!.32!4.0,!8),I))3!F.3/.*!0)HF)3,.,+63!64!.!

;@"! -)2/1)2!3/F8)-!64!0*+1)0!I+,(!2+44)-)3,!G6*/F)!)0,+F.,+63!F),(620!.32!F.3/.*!0)HF)3,.,+63!

;@&! I+,(!P7Ab!S5&UD!'()!-)0/*,0!16/*2!2+44)-!2)B)32+3H!63!,()!F/01*)0:!8)1./0)!64!,()+-!0B)1+4+1!

;@%! 0(.B)0!.32!*61.*+f.,+630D!!

;@@! !

<##! '()! G.*+2+,?! 64! ,()! 6,()-! 46/-! B.-,+.**?! 6-! 16FB*),)*?! ./,6F.,+1! ,)1(3+R/)0! .3.*?0)2! K0)F+V

<#$! ./,6F.,)2! .32! ./,6F.,)2! .,*.0V8.0)2! 0)HF)3,.,+63:! +F.H)! 8.0)2! .32! 0(.B)V8.0)2!

<#5! 0)HF)3,.,+63:!.,*.0!8.0)2!.32!0,.,+0,+1.*!0(.B)V8.0)2!0)HF)3,.,+63L!16/*2!36,!8)!1634+-F)2!+3!

<#;! ,(+0!-)G+)I!2/)!,6!,()!0F.**!3/F8)-!64!*6IVR/.*+,?!0,/2+)0!1/--)3,*?!.G.+*.8*):!(6I)G)-!+,!+0!

<#<! +FB6-,.3,!,6!36,)!,(.,!-)0/*,0!I)-)!)316/-.H+3HD!'()0)!,)1(3+R/)0!.BB).-)2!,6!8)!B-6F+0+3H!+3!

<#M! ,)-F0!64!G.*+2+,?D!a+H(!R/.*+,?:!.22+,+63.*!F),-6*6H+1.*!0,/2+)0!.-)!,(/0!3))2)2!,6!G.*+2.,)!,()FD!

<#"! ^.1(! ,)1(3+R/)! (.2! +,0! 6I3! 1(.-.1,)-+0,+10Q! 0)HF)3,.,+63! /0+3H! H)3)-.*+f)2! *6HV-.,+6!

<#&! -)B-)0)3,.,+63!,-.3046-F.,+63!1.3!+FB60)!064,!1630,-.+3,0!I()-).0!2)46-F.8*)!0,.,+0,+1.*!0(.B)!

! &;!
<#%! F62)*0!.32!.,*.0V8.0)2!0)HF)3,.,+630!/0)!(.-2!1630,-.+3,0D!a6I)G)-:!,()!H)3)-.*+f)2!*6HV-.,+6!

<#@! -)B-)0)3,.,+63! F),(62! 1.336,! )44)1,+G)*?! 2)*+3).,)! B60)! G.-+.8+*+,?! .0! .H.+30,! ,()! 6,()-!

<$#! ,)1(3+R/)0!.32!,(/0!-)R/+-)0!+F.H)!B-)VB-61)00+3H!.0!.3!.22+,+63.*!0,)BD!'(/0:!06F)!,)1(3+R/)0!

<$$! F.?!8)!F6-)!.BB-6B-+.,)!,(.3!6,()-0!2)B)32+3H!63!,()!F/01*)0!.32!,()+-!B-6B)-,+)0!.32!63!,()!

<$5! 1(.-.1,)-+0,+10!64!,()!B6B/*.,+63!K1(+*2-)3:!B)-0630!I+,(!F/01*)!B.,(6*6H?!),1DLD!b,()-!4+32+3H0!

<$;! +32+1.,)2! ,(.,! ,)1(3+R/)0:! 0/1(! .0! -.326FVI.*Y! 0)HF)3,.,+63! S&$:&5U:! I.G)*),V8.0)2!

<$<! 0)HF)3,.,+63! S&;U:! 6-! 2))B! *).-3+3HV8.0)2! 0)HF)3,.,+63! S&<U! 0(6/*2! .22+,+63.**?! 8)!

<$M! +3G)0,+H.,)2! 4/-,()-! ,6! 2),)-F+3)! +4! ,()?! 16/*2! B-6G+2)! -.B+2:! .11/-.,):! G.*+2! .32! -)*+.8*)!

<$"! F).0/-)F)3,0!64!F/01*)!G6*/F)!.32!0(.B)!46-!/0)!+3!-6/,+3)!1*+3+1.*!B-.1,+1)D!!!

<$&! '

<$%! J6&5+%+0*)6%'9$#)%"#!!
<$@! 9),(620!,6!)0,+F.,)!0Y)*),.*!F/01*)!G6*/F)0!.32O6-!;P!F/01*)!0(.B)0!/0+3H!9\]!2.,.!.-)!/0)2!

<5#! 1*+3+1.**?! 46-! 2+.H360+0! S$<U:! ,6! )G.*/.,)! ,()! )44)1,0! 64! ,-).,F)3,! S$5U:! .32! .0! .3! .+2! ,6!

<5$! B-)6B)-.,+G)!B*.33+3H!S$%UD!]3!,()!1.0)!64!F/01*)!B.,(6*6H+)0:!1(.3H)0!+3!F/01*)!0(.B)!.32!

<55! 0+H3.*! 611/-! 8)1./0)! 64! F/01*)! 2)H)3)-.,+63:! I(+1(! 1.3! -)32)-! +2)3,+4+1.,+63! 64! F/01*)!

<5;! 86/32.-+)0!+3!9\]!2+44+1/*,!K2/)!,6!4.,,?!.32!4+8-6/0!+34+*,-.,+63L!S$":$&UD!962+4+1.,+63!64!,()!

<5<! .3.,6F+1.*! *.32F.-Y0! /0)2! 46-! =AE! 0)HF)3,.,+63:! 64! ,)1(3+R/)0! ,(.,! .-)! 8.0)2! 63! 0(.B)!

<5M! 4.1,6-0:! .32! 64! G6*/F)! )0,+F.,+63! F),(620! F.?! ,()-)46-)! 8)! -)R/+-)2D! '(+0! +0:! (6I)G)-:!

<5"! 1/--)3,*?! /3Y36I3! 2/)! ,6! .! *.1Y! 64! 0,/2+)0! ,(.,! (.G)! )G.*/.,)2! B.,(6*6H+1.*! F/01*)0D! '(+0!

<5&! 4+32+3H!0/HH)0,)2!,(.,!0B)1+4+1!F),-6*6H+1.*!0,/2+)0!.-)!-)R/+-)2!2)B)32+3H!63!,()!B.,(6*6H?!

<5%! 8)+3H!+3G)0,+H.,)2!+3!6-2)-!,6!.G6+2!F).0/-)F)3,!)--6-0!.32!,(.,!1./,+63!F/0,!8)!.BB*+)2!I()3!

<5@! )X,-.B6*.,+3H!,()!-)0/*,0!64!,)1(3+R/)0!/0)2!+3!().*,(?!F/01*)0!,6!,(60)!I+,(!B.,(6*6H+)0D!!

<;#! !

<;$! N960"'6)=$*#*&*+,'
<;5! '()!9\]!B-6,616*!/0)2!,6!.1R/+-)!+F.H)0!1.3!(.G)!.!(/H)!+FB.1,!63!0)HF)3,.,+63!6/,16F)0!

<;;! S&#UD!'()!0,/2+)0!+31*/2)2!+3!,(+0!-)G+)I!F60,*?!/0)2!'$!I)+H(,)2!0)R/)31)0:!0/HH)0,+3H!,(.,!

! &<!
<;<! ,()0)!.3.,6F+1.*!0)R/)31)0!.-)!.BB-6B-+.,)!46-!0)HF)3,.,+63!8)1./0)!64!,()+-!.8+*+,?!,6!B-6G+2)!

<;M! H662!R/.*+,?!+F.H)0!64!,()!F/01*)0:!,6!2+0,+3H/+0(!,()!F.-H+30!8),I))3!,()F!.32!8)1./0)!64!

<;"! ,()+-!1.B.1+,?!,6!163,-.0,!863)0!4-6F!F/01*)!S@:5&:5@:"<UD!a6I)G)-!6,()-!0)R/)31)0!16/*2!.*06!

<;&! 8)!/0)2!.32!2+44)-)31)0!+3!F),-6*6H+1.*!B-6B)-,+)0!8),I))3!0)R/)31)0!I)-)!0(6I3!+3!63)!.-,+1*)!

<;%! SM@UD! e6! 6,()-! 0,/2+)0! 16FB.-)2! 2+44)-)3,! 0)R/)31)0! +3! ,()! .-,+1*)0! +31*/2)2D! '(/0:! 2.,.!

<;@! -)H.-2+3H!,()!G.*+2+,?!64!,()!2+44)-)3,!0)R/)31)0!.-)!I.--.3,)2!SM@UD!\)H.-2+3H!,()!+00/)!64!5P!

<<#! 6-! ;P! .1R/+0+,+63:! 64! ,()! 0)G)3! .-,+1*)0! I(+1(! /0)2! ;P! 0)R/)31)0:! 363)! 0(6I)2! ,(.,! ;P!

<<$! 0)R/)31)0! ?+)*2)2! 8),,)-! -)0/*,0! ,(.3! 5P! 0)R/)31)0D! 960,! 64! ,()F! )G.*/.,)2! F.3/.*!

<<5! 0)HF)3,.,+63!,)1(3+R/)0D!A+31)!;P!0)R/)31)0!,.Y)!*63H)-!,6!.1R/+-):!(.G)!*6I)-!163,-.0,!.32!

<<;! .-)! F6-)! 0)30+,+G)! ,6! 0/01)B,+8+*+,?! .32! c#! +3(6F6H)3)+,+)0! S&MU:! ,()-)! I.0! 36! )G+2)31)! ,6!

<<<! -)16FF)32! ;P! .1R/+0+,+63! 46-! F.3/.*! 0)HF)3,.,+63D! =63,+3/6/0! 0*+1)! .1R/+0+,+63:! .**6I+3H!

<<M! F/01*)! ,-.1Y+3H:! F+H(,! 8)! .3! +3,)-)0,+3H! F),(62! SMMUD! '()! 0+f)! 64! ,()! F/01*)! 0(6/*2! 8)!

<<"! 1630+2)-)2! +3! 2),)-F+3+3H! ,()! -)06*/,+63! ,6! /0)! ,6! .G6+2! B.-,+.*! G6*/F)! .-,)4.1,0! S<@:""UD! E!

<<&! H-).,)-! -)06*/,+63! +0! 3))2)2! 46-! 0F.**! F/01*)0D! C)! 0/HH)0,! ,()! /0)! 64! .! '$! 0)R/)31):! 5P!

<<%! .1R/+0+,+63!I+,(!163,+3/6/0!0*+1)0!8),I))3!$!.32!$#FF!,(+1Y:!6-+)3,)2!+3!.3!6-,(6H63.*!I.?!,6!

<<@! ,()!*.-H)!.X+0!64!,()!F/01*)0:!I+,(!.!-)06*/,+63!,(.,!.G6+20!B.-,+.*!G6*/F)!)44)1,0D!a6I)G)-:!,()!

<M#! B./1+,?! 64! 2.,.! +3! ,()! .-,+1*)0! +31*/2)2! +3! ,()! 0?0,)F.,+1! -)G+)I! 26)0! 36,! .**6I! 0,-63H!

<M$! -)16FF)32.,+630!,6!8)!F.2)D!>.0,*?:!36!2.,.!.-)!1/--)3,*?!.G.+*.8*)!,6!0(6I!,()!)44)1,!64!9\]!

<M5! 01.33)-!.32!16+*!,?B)!63!2.,.!.1R/+0+,+63!.32!,()!R/.*+,?!64!F),-6*6H+1.*!B.-.F),)-0:!2)0B+,)!,()!

<M;! 4.1,!,(.,!.**!64!,()0)!)*)F)3,0!16/*2!+FB.1,!63!,()!.11/-.1?!.32!-)*+.8+*+,?!64!,()!F/01*)!G6*/F)!

<M<! .32!0(.B)!SM<:"M:&":&&UD!J/-,()-!0,/2+)0!.-)!,()-)46-)!I.--.3,)2!,6!1*.-+4?!,()0)!+00/)0D!

<MM! '()!4).0+8+*+,?!64!9\]!1.3!8)!*+F+,)2!8?!,()!.G.+*.8+*+,?!64!9\]!01.33)-0!.32!,()!160,!64!9\]!

<M"! 2)G+1)0! .32! .00)00F)3,0D! '(/0:! 06F)! 6,()-! ,)1(3+R/)0:! 46-! )X.FB*)! /0+3H! /*,-.0636H-.B(?:!

<M&! 16/*2!8)!+3,)-)0,+3H!,6!)0,+F.,)!0Y)*),.*!F/01*)!G6*/F)0!.32!;P!F/01*)!0(.B)0!S&%UD!!

<M%! !

<M@! N9-.+D*,0'3$&$."'9"&.+%+0*)6%'#&$;8'9"&5+;+%+08'

! &M!
<"#! C)!8)*+)G)!4/,/-)!I6-Y!0(6/*2!+31*/2)!)G.*/.,+63!64!,)0,V-),)0,!-)*+.8+*+,?!0+31)!I)!46/32!63*?!

<"$! ,I6!.-,+1*)0!,(.,!.00)00)2!,(+0!S<%:"5UD!')0,!-),)0,!-)*+.8+*+,?!-)4)-0!,6!,()!)X,)3,!,6!I(+1(!,()!!

<"5! -.,+3H!64!63)!0.FB*)!64!+32+G+2/.*0!8?!63)!680)-G)-!63!,I6!6-!F6-)!0)B.-.,)!611.0+630!/0+3H!

<";! ,()!0.F)!,)0,!?+)*20!0+F+*.-!-)0/*,0:!I+,(!.**!,)0,!1632+,+630!-)F.+3+3H!.0!1630,.3,!.0!B600+8*)!

<"<! S;$UD!'(+0!+0!64!(+H(!+FB6-,.31)!8)1./0)!4.1,6-0!0/1(!.0!B.,+)3,!B60+,+63+3H!16/*2!+FB.1,!63!,()!

<"M! .11/-.1?! .32! -)*+.8+*+,?! 64! ,()! F/01*)! G6*/F)! .32! 0(.B)! .0! 2),)-F+3)2! /0+3H! 9\]!

<""! SM<:"M:&":&&UD! '()! 0)1632! )G.*/.,+63! 64! H-).,! +FB6-,.31)! +3! 4/,/-)! I6-Y! +0! -)0B630+G)3)00D!

<"&! \)0B630+G)3)00!-)4)-0!,6!,()!R/.*+,?!64!.!F).0/-)!I()3!0(6I+3H!1(.3H)0!S;5U:!.32!+0!.*06!.!

<"%! G)-?!+FB6-,.3,!R/.*+,?!46-!,()!)G.*/.,+63!64!3)/-6F/01/*.-!2+0).0)!B-6H-)00+63!S$#:$$U!.32!,()!

<"@! )44)1,0!64!,-).,F)3,!S$5:M#UD!C)!I)-)!/3.8*)!,6!-)B6-,!63!,()!-)0B630+G)3)00!64!,)1(3+R/)0!+3!

<&#! ,()!B-)0)3,!-)G+)I!.0!+,!I.0!63*?!)G.*/.,)2!+3!,I6!.-,+1*)0D!!

<&$! J/-,()-F6-):! B-)1+0)! -)B6-,+3H! 64! ,()! 0,.,+0,+1.*! .3.*?0+0! F),(62! )FB*6?)2! +0! )00)3,+.*! 46-!

<&5! F),-6*6H+1.*!0,/2+)0D!E0!.!-)0/*,!64!,()!I6-Y!/32)-,.Y)3!+3!,(+0!-)G+)I!I)!-)16FF)32!,(.,!,()!

<&;! 46**6I+3H!)G.*/.,+630!.-)!+31*/2)2!.0!0,.32.-2!+3!4/,/-)!I6-Y:!+3!.22+,+63!,6!,()!/0/.*!.3.*?0)0!

<&<! 64!16--)*.,+63!,6!+FB-6G)!,()!+3,)-3.*!G.*+2+,?:!63!F).0/-)F)3,!,)1(3+R/)!0,/2+)0!S;#:&@UD!'()!

<&M! 4+-0,!)G.*/.,+63!I)!-)16FF)32!+0!F).0/-)F)3,!)--6-D!]3!6-2)-!,6!2)F630,-.,)!,()!-)*+.8+*+,?!64!

<&"! .!,)1(3+R/):!,()!0,.32.-2+f)2!)--6-!64!F).0/-)F)3,:!+31*/2+3H!*+F+,0!64!.H-))F)3,!6-!0F.**)0,!

<&&! 2),)1,.8*)!1(.3H)!S;#U:!0(6/*2!8)!Y36I3!.0!,()?!+32+1.,)!I(),()-!,()!680)-G)2!2+44)-)31)!+0!

<&%! 2/)!,6!.!,-/)!1(.3H)!+3!F/01*)!G6*/F)!6-!0+f):!6-!+4!+,!+0!0+FB*?!.!F).0/-)F)3,!)--6-D!!

<&@! !

<%#! Q*9*&6&*+,#'
<%$! C()3!1630+2)-+3H!6/-!4+32+3H0!.32!-)16FF)32.,+630:!+,!+0!+FB6-,.3,!,6!36,)!,(.,!,()!0,-)3H,(!

<%5! 64!.3?!1631*/0+630!2)B)320!63!,()!R/.*+,?!64!,()!6-+H+3.*!.-,+1*)0!S<;UD!'()!.-,+1*)0!I)-)!-.,)2!

<%;! .0!F62)-.,)!,6!H662!R/.*+,?:!(6I)G)-!63*?!,I6!+31*/2)2!0,.,+0,+1.*!B6I)-!1.*1/*.,+630:!-)2/1+3H!

<%<! ,()! 1631*/0+630! ,(.,! 1.3! 8)! 2-.I3! 4-6F! ,()! -)0/*,0D! '(+0! .0B)1,! 64! 0,/2?! 2)0+H3! 0(6/*2! 8)!

<%M! +31*/2)2!+3!.**!4/,/-)!0,/2+)0!+3,6!,(+0!,6B+1D!E!0)1632!*+F+,.,+63!64!,(+0!0,/2?!+0!,()!(),)-6H)3)+,?!

! &"!
<%"! 64!06/-1)!F.,)-+.*!+31*/2)2:!+3!B.-,+1/*.-!,()!2+44)-)3,!9\]!B.-.F),)-0!/0)2!+3!,()!0,/2+)0!.32!

<%&! ,()! 2+44)-)3,! F/01*)0! )G.*/.,)2! B-)G)3,)2! B66*)2! .3.*?0+0! 4-6F! 8)+3H! 1.--+)2! 6/,! .32!

<%%! 16FB*+1.,)2!,()!0?3,()0+0!64!,()!-)0/*,0D!\)H.-2+3H!9\]:!)G)3!I()3!,()!0.F)!0)R/)31)0!I)-)!

<%@! /0)2:! ,()! B.-.F),)-0! -)F.+3)2! (),)-6H)3)6/0! 0+31)! ,()?! I)-)! 2)G+1)V2)B)32)3,D! \)H.-2+3H!

<@#! F/01*)0:!06F)!F/01*)0!(.G)!8))3!,()!461/0!64!F.3?!0,/2+)0:!I(+*0,!6,()-0!(.G)!8))3!3)H*)1,)2D!

<@$! =*+3+1+.30!.32!-)0).-1()-0!0(6/*2!8).-!,(+0!+3!F+32!I()3!/0+3H!.!,)1(3+R/)!,(.,!(.0!36,!8))3!

<@5! B-)G+6/0*?!)G.*/.,)2!46-!,()!F/01*)!+3!R/)0,+63D!'()!-)0/*,0!64!,(+0!0,/2?!.-)!,()-)46-)!63*?!

<@;! -)*)G.3,!46-!,()!F),(620!64!)0,+F.,+63!64!F/01*)!G6*/F)!.32!0(.B)!)G.*/.,)2!8?!,()!0,/2+)0!

<@<! +31*/2)2:!.32!F/0,!8)!H)3)-.*+0)2!I+,(!1./,+63!,6!6,()-!F),(620!.32!6,()-!F/01*)0D!J+3.**?:!,()!

<@M! 0,.,+0,+1.*!F),(620!)FB*6?)2!8?!,()!2+44)-)3,!0,/2+)0!.*06!G.-+)2!1630+2)-.8*?!I(+1(:!+3!,/-3:!

<@"! 4/-,()-! B-)G)3,)2! F6-)! 2)4+3+,)! 1631*/0+630! 4-6F! 8)+3H! 2-.I3! +3! ,(+0! -)G+)ID! '()! 2+44)-)3,!

<@&! 0,.,+0,+1.*!F),(620!/0)2!,6!-)B6-,!1631/--)3,!G.*+2+,?!K+31*/2+3H!-5:!]==:!P+1)!A+F+*.-+,?!]32)XL:!

<@%! '.33+F6,6!16)44+1+)3,:!F).3!2+44)-)31)0:!AP:!A^^:!\9A^!.32!B6+3,V,6V0/-4.1)!2+0,.31)L!.32!

<@@! -)*+.8+*+,?! K0/1(! .0! ]==:! F).3! 2+44)-)31)0:! \9A^:! 16)44+1+)3,! 64! G.-+.,+63! .32! 0,.32.-2!

M##! 2)G+.,+63L!*+F+,)2!,()!0?3,()0+0!64!,()!2.,.!I+,(!.!R/.3,+,.,+G)!B66*)2!.3.*?0+0D!J/,/-)!I6-Y!

M#$! 0(6/*2!.+F!,6!6G)-16F)!.0!4.-!.0!B600+8*)!0/1(!2+G)-0+,?!+3!6-2)-!,6!86,(!0,-)3H,()3!-)0/*,0!.0!

M#5! I)**!.0!+FB-6G+3H!,()!H)3)-.*+0.8+*+,?!64!4+32+3H0!.1-600!2+44)-)3,!F),(620D!!!

M#;! !

M#<! ?+,)%$#*+,'
M#M! '()! -)0/*,0! 64! ,(+0! 0?0,)F.,+1! -)G+)I! B-6G+2)! .! -.,+63.*)! 46-! ,()! 1(6+1)! 64! appropriate

M#"! segmentation techniques depending on the muscle, the need for precision and the available time.

M#&! Such uses could include diagnosis of a disease, evaluation of a treatment response, monitoring

M#%! of disease progression or measurement for research purposes. Further research is required to

M#@! confirm the validity!64!F.3/.*!0*+1)V8?V0*+1) segmentation and automatic techniques, except

M$#! for DPSO for which there is sufficiently strong supporting evidence. The reliability of most

M$$! techniques in current use also needs to be confirmed, except for manual slice-by-slice

! &&!
M$5! segmentation, which has been shown to be sufficiently reliable (if time consuming). Studies to

M$;! evaluate different 9\]!B-6,616*0!.-)!I.--.3,)2D!AB)1+4+1!0,/2+)0!+3!B.,(6*6H+1.*!F/01*)0!.-)!

M$<! .*06!3))2)2!,6!)3.8*)!,()!B-6B)-!.BB*+1.,+63!64!0/1(!,)1(3+R/)0!+3!-6/,+3)!1*+3+1.*!B-.1,+1)D!

M$M! !
M$"! !

M$&! @)G,+4%";0"9",&#'
M$%! C)! 0+31)-)*?! ,(.3Y! j6(.33.! \68)-,063! .32! j)33+4)-! P.32-).! 7.*),(6-B)! 46-! ,()! ^3H*+0(!
M$@! -)G+0+63D!C)!0+31)-)*?!,(.3Y!^*+0.8),(!c-/?.3,:!A)8.0,+)3!g)-2-.63!.32!d+31)3,!j600)!46-!,()+-!
M5#! ()*B!-)*.,+3H!,6!9\]!,)1(3+R/)0D!!
M5$! !
M55! !

M5;! !"3".",)"#'
M5<! !

M5M! $D!! >+)8)-!\>:!J-+2k3!jD!J/31,+63.*!.32!1*+3+1.*!0+H3+4+1.31)!64!0Y)*),.*!F/01*)!.-1(+,)1,/-)D!


M5"! 9/01*)!e)-G)D!5###!e6G!$Z5;K$$LQ$"<&T""D!!
M5&! 5D!! J/Y/3.H.! ':! 9+?.,.3+! 9:! '.1(+! 9:! g6/f.Y+! 9:! g.I.Y.F+! l:! g.3)(+0.! aD! 9/01*)!
M5%! G6*/F)! +0! .! F.W6-! 2),)-F+3.3,! 64! W6+3,! ,6-R/)! +3! (/F.30D! E1,.! 7(?0+6*! A1.32D! 5##$!
M5@! E/HZ$&5K<LQ5<@TMMD!!
M;#! ;D!! a6*f8./-!g\A:!P)*B!A>:!i6*2!i^:!9/--.?!C9D!96F)3,VH)3)-.,+3H!1.B.1+,?!64!/BB)-!
M;$! *+F8!F/01*)0!+3!().*,(?!.2/*,0D!j!c+6F)1(D!5##&Z<#K$$LQ5<<5T@D!!
M;5! <D!! '-.BB)! AC:! '-.BB)! 'E:! >))! iE:! =60,+**! P>D! =.*4! F/01*)! 0,-)3H,(! +3! (/F.30D! ]3,! j!
M;;! AB6-,0!9)2D!5##$!EB-Z55K;LQ$%"T@$D!!
M;<! MD!! 7630!=:!A())(.3!J':!]F!aA:!c-61(.-2!A:!E*,)-!g^D!A(6/*2)-!F/01*)!.,-6B(?!.32!+,0!
M;M! -)*.,+63!,6!0,-)3H,(!*600!+3!680,),-+1.*!8-.1(+.*!B*)X/0!B.*0?D!=*+3!c+6F)1(!c-+0,6*!EG63D!5#$&!
M;"! b1,Z<%Q%#T&D!!
M;&! "D!! e.-+1+!9d:!9.H.3.-+0!=e:!\))G)0!eP:!=.B62.H*+6!7D!^44)1,!64!.H+3H!63!(/F.3!F/01*)!
M;%! .-1(+,)1,/-)D!j!EBB*!7(?0+6*!c),()02.!92!$@%MD!5##;!P)1Z@MK"LQ555@T;<D!!
M;@! &D!! 9.,(/-! A:! '.Y.+! g7:! 9.1+3,?-)! P>:! \)+2! PD! ^0,+F.,+63! 64! ,(+H(! F/01*)! F.00! I+,(!
M<#! F.H3),+1! -)063.31)! +F.H+3H! +3! 6*2)-! .2/*,0! .32! B)6B*)! I+,(! 1(-63+1! 680,-/1,+G)! B/*F63.-?!
M<$! 2+0).0)D!7(?0!'()-D!5##%!J)8Z%%K5LQ5$@T;#D!!
M<5! %D!! >.?)1!i:!d)3,/-)**+!9:!j)63H!^Vg:!\+1(.-2063!\AD!'()!G.*+2+,?!64!.3,(-6B6F),-+1!*)H!
M<;! F/01*)!G6*/F)!)0,+F.,+63!.1-600!.!I+2)!0B)1,-/FQ!4-6F!.8*)V862+)2!.2/*,0!,6!+32+G+2/.*0!I+,(!
M<<! .!0B+3.*!16-2!+3W/-?D!j!EBB*!7(?0+6*!c),()02.!92!$@%MD!5#$<!9.?!$Z$$"K@LQ$$<5T&D!!
M<M! @D!! 9.-163!9:!=+-+,0+0!c:!>./X!=:!e.3f!P:!eH/?)3Vg+F!'P>:!J+01()-!9E:!),!.*D!=-600V
M<"! 0)1,+63.*!.-).!F).0/-)F)3,0!G)-0/0!G6*/F),-+1!.00)00F)3,!64!,()!R/.2-+1)B0!4)F6-+0!F/01*)!+3!
M<&! B.,+)3,0!I+,(!.3,)-+6-!1-/1+.,)!*+H.F)3,!-)1630,-/1,+630D!^/-!\.2+6*D!5#$M!J)8Z5MK5LQ5@#T%D!!
M<%! $#D!! j)3Y+30! '9:! c/-3)00! =:! =6336**?! Pj:! \.6! Pi:! a6HH.-2! e:! 9.I063! A:! ),! .*D! E!
M<@! B-60B)1,+G)!B+*6,!0,/2?!F).0/-+3H!F/01*)!G6*/F),-+1!1(.3H)!+3!.F?6,-6B(+1!*.,)-.*!01*)-60+0D!
MM#! EF?6,-6B(!>.,)-.*!A1*)-!J-63,!P)H)3)-D!5#$;!A)BZ$<KMT"LQ<$<T5;D!!
MM$! $$D!! i62+! =:! EF8-60+! E:! e+1.0,-6! J:! 7-)G+,.*+! A=:! A.3,.-60.! =:! e.B6*+,.36! A:! ),! .*D!
MM5! >63H+,/2+3.*!9\]!R/.3,+4+1.,+63!64!F/01*)!2)H)3)-.,+63!+3!P/1()33)!F/01/*.-!2?0,-6B(?D!E33!
MM;! =*+3!'-.30*!e)/-6*D!5#$"!E/HZ;K%LQ"#&T55D!!

! &%!
MM<! $5D!! C/!^m:!'.3H!a:!'63H!=:!a)?F04+)*2!Ac:!d.00)**+!j\D!]3!G+G6!9\]!R/.3,+4+1.,+63!64!
MMM! +32+G+2/.*! F/01*)! .32! 6-H.3! G6*/F)0! 46-! .00)00F)3,! 64! .3.86*+1! 0,)-6+2! H-6I,(! )44)1,0D!
MM"! A,)-6+20D!5##%!EB-Z&;K<LQ<;#T<#D!!
MM&! $;D!! 76B.2+1!i.1)0.!jn:!g6f+1!Pc:!P-.H3+1!e\:!j.Y6G*W)G+1!Pi:!c-62+)!PE:!i-/W+1!eiD!
MM%! =(.3H)0!64!4/31,+63.*!0,.,/0!.32!G6*/F)!64!,-+1)B0!8-.1(++!F).0/-)2!8?!F.H3),+1!-)063.31)!
MM@! +F.H+3H!.4,)-!F.X+F.*!-)0+0,.31)!,-.+3+3HD!j!9.H3!\)063!]F.H+3H!j9\]D!5##@!9.-Z5@K;LQ"&$T
M"#! "D!!
M"$! $<D!! g6*,f)38/-H!9:!l6/0-?!'D!9.H3),+1!-)063.31)!+F.H+3H!64!0Y)*),.*!F/01*)D!=/--!bB+3!
M"5! e)/-6*D!5##&!b1,Z5#KMLQM@MT@D!!
M";! $MD!! E32)-0)3!a:!iW)-0,.2!9P:!j.Y680)3!jD!E,-6B(?!64!466,!F/01*)0Q!.!F).0/-)!64!2+.8),+1!
M"<! 3)/-6B.,(?D!P+.8),)0!=.-)D!5##<!b1,Z5&K$#LQ5;%5TMD!!
M"M! $"D!! g.+1Y! b! G.3:! a.F.-3)(! i:! C.-2! EP:! A1(I)+,f)-! 9:! n(.3H! aD! >).-3+3H! J6/-+)-!
M""! 2)01-+B,6-0! 46-! 16FB/,)-V.+2)2! 2+.H360+0! 64! ,()! 0/B-.0B+3.,/0D! E1.2! \.2+6*D! 5#$#!
M"&! E/HZ$&K%LQ$#<#T@D!!
M"%! $&D!! a.Wi(.38.-+!c:!a.F.-3)(!i:!=(.3H+f+!e:!C.-2!EP:!\)+2!CPD!9\]V8.0)2!;P!0(.B)!
M"@! .3.*?0+0!64!,(+H(!F/01*)0!B.,+)3,0!I+,(!1(-63+1!680,-/1,+G)!B/*F63.-?!2+0).0)!G)-0/0!().*,(?!
M&#! .2/*,0D!E1.2!\.2+6*D!5#$$!J)8Z$%K5LQ$MMT""D!!
M&$! $%D!! c*)FY)-! AA:! P)*B! A>D! '(-))V2+F)30+63.*! -)B-)0)3,.,+63! 64! 16FB*)X! F/01*)!
M&5! .-1(+,)1,/-)0!.32!H)6F),-+)0D!E33!c+6F)2!^3HD!5##M!9.?Z;;KMLQ""$T&;D!!
M&;! $@D!! 2)! c6)-! 9P:! 9.H.3.-+0! =e:! A)?33)0! b\:! \)33+)! 9j:! e.-+1+! 9dD! '+F)! 16/-0)! 64!
M&<! F/01/*.-:!3)/-.*!.32!,)32+36/0!.2.B,.,+630!,6!5;!2.?!/3+*.,)-.*!*6I)-V*+F8!0/0B)30+63!+3!?6/3H!
M&M! F)3D!j!7(?0+6*V>632D!5##&!A)B!$MZM%;K;LQ$#&@T@$D!!
M&"! 5#D!! c)*.G?!P>:!b(0(+F.!a:!c.-)+**)!9V7:!\+,,I)H)-!j:!J)*0)38)-H!PD!>+F+,)2!)44)1,!64!4*?V
M&&! I())*!.32!0B+3.*!F68+*+f.,+63!)X)-1+0)!16/3,)-F).0/-)0!63!*/F8.-!0B+3)!2)1632+,+63+3H!2/-+3H!
M&%! @#!2!8)2V-)0,!+3!,()!'6/*6/0)!>'c\!0,/2?D!E1,.!E0,-63./,D!5#$$!b1,Z"@K&T%LQ<#"T$@D!!
M&@! 5$D!! ^3H0,-6F!=9:!C.*Y)-!Pi:!g+BB)-0!d:!9)(3)-,!EjaD!N/.2-.,/0!*/F86-/F!.0?FF),-?!
M%#! .32! ><! B.-0! +3W/-?! +3! 4.0,! 86I*)-0Q! .! B-60B)1,+G)! 9\! 0,/2?D! 9)2! A1+! AB6-,0! ^X)-1D! 5##&!
M%$! j/3Z;@K"LQ@$#T&D!!
M%5! 55D!! ]3.3!9:!E*Y.3!E:!a.-F.!E:!^-,)F!gD!^G.*/.,+63!64!,()!H*/,)/0!F)2+/0!F/01*)!.4,)-!.!
M%;! B)*G+1!0/BB6-,!60,)6,6F?!,6!,-).,!163H)3+,.*!2+0*61.,+63!64!,()!(+BD!j!c63)!j,!A/-HVEF!d6*D!
M%<! 5##M!b1,Z%&EK$#LQ55<"TM5D!!
M%M! 5;D!! '6,(+**! 7:! A,)I.-,! EPD! ^0,+F.,+63! 64! ,(+H(! F/01*)! .32! .2+B60)! ,+00/)! G6*/F)! /0+3H!
M%"! F.H3),+1!-)063.31)!+F.H+3H!.32!.3,(-6B6F),-?D!j!AB6-,0!A1+D!5##5!j/*Z5#K&LQM";T&"D!!
M%&! 5<D!! e.Y.,.3+! 9:! '.Y.+! l:! EY.H+! \:! C.Y.(.-.! ':! A/H+0.Y+! e:! b(,.! 9:! ),! .*D! d.*+2+,?! 64!
M%%! F/01*)!,(+1Y3)00V8.0)2!B-)2+1,+63!)R/.,+63!46-!R/.2-+1)B0!4)F6-+0!G6*/F)!+3!F+22*)V.H)2!.32!
M%@! 6*2)-!F)3!.32!I6F)3D!^/-!j!EBB*!7(?0+6*D!5#$"!P)1Z$$"K$$T$5LQ5$5MT;;D!!
M@#! 5MD!! '+3H.-,! 9j:! EB-)*)G.! 9:! >)(,+3)3! j':! =.B)**! c:! 7.*F)-! C^:! C.-3)-! jj7D! 9.H3),+1!
M@$! -)063.31)!+F.H+3H!+3!R/.3,+,.,+G)!.3.*?0+0!64!-6,.,6-!1/44!F/01*)!G6*/F)D!=*+3!b-,(6BD!5##;!
M@5! b1,ZK<$MLQ$#<T$#D!!
M@;! 5"D!! '-.1?!c>:!]G)?!J9:!j)44-)?!9),,)-!^:!J*)H!j>:!A+)H)*!^>:!a/-*)?!cJD!E!F6-)!)44+1+)3,!
M@<! F.H3),+1!-)063.31)!+F.H+3HV8.0)2!0,-.,)H?!46-!F).0/-+3H!R/.2-+1)B0!F/01*)!G6*/F)D!9)2!A1+!
M@M! AB6-,0!^X)-1D!5##;!9.-Z;MK;LQ<5MT;;D!!
M@"! 5&D!! e6-2)f! E:! j6*+G),! ^:! Ao2(644! ]:! c633)./! P:! 2)! i/+0)! jE:! AY.**+! CD! =6FB.-+063! 64!
M@&! F),(620!,6!.00)00!R/.2-+1)B0!F/01*)!G6*/F)!/0+3H!F.H3),+1!-)063.31)!+F.H+3HD!j!9.H3!\)063!
M@%! ]F.H+3H!j9\]D!5##@!e6GZ;#KMLQ$$$"T5;D!!
M@@! 5%D!! l.F./1(+! g:! l60(+Y6! E:! A/f/Y+! A:! g.,6! =:! EY+F.! a:! g.,6! ':! ),! .*D! ^0,+F.,+63! 64!
"##! +32+G+2/.*!,(+H(!F/01*)!G6*/F)0!4-6F!.!0+3H*)V0*+1)!F/01*)!1-600V0)1,+63.*!.-).!.32!F/01*)!
"#$! ,(+1Y3)00!/0+3H!F.H3),+1!-)063.31)!+F.H+3H!+3!B.,+)3,0!I+,(!Y3))!60,)6.-,(-+,+0D!j!b-,(6B!A/-H!
"#5! a63H!g63HD!5#$&!P)1Z5MK;LQ5;#@<@@#$&&<;$#$D!!
"#;! 5@D!! g+F! A:! >))! P:! 7.-Y! A:! b(! gVA:! =(/3H! AC:! g+F! lD! E/,6F.,+1! 0)HF)3,.,+63! 64!
"#<! 0/B-.0B+3.,/0! 4-6F! 9\]! 8?! +3,)-3.*! 0(.B)! 4+,,+3H! .32! ./,616--)1,+63D! =6FB/,! 9),(620!
"#M! 7-6H-.F0!c+6F)2D!5#$&!9.-Z$<#Q$"MT&<D!!

! &@!
"#"! ;#D!! 2)! d),! a=C:! ')-I))! =c:! g36*! P>:! c6/,)-! >9D! C()3! ,6! /0)! .H-))F)3,! G)-0/0!
"#&! -)*+.8+*+,?!F).0/-)0D!j!=*+3!^B+2)F+6*D!5##"!b1,ZM@K$#LQ$#;;T@D!!
"#%! ;$D!! c-+3Y! l:! >6/I! NED! =*+3+1.*! +30,-/F)3,0Q! -)*+.8+*+,?! .32! G.*+2+,?! 1-+,+1.*! .BB-.+0.*D! j!
"#@! ^G.*!=*+3!7-.1,D!5#$5!P)1Z$%K"LQ$$5"T;5D!!
"$#! ;5D!! 96YY+3Y! >c:! ')-I))! =c:! 7.,-+1Y! P>:! E*6306! j:! A,-.,46-2! 7C:! g36*! P>:! ),! .*D! '()!
"$$! =bA9]e!0,/2?!-).1()2!+3,)-3.,+63.*!1630)30/0!63!,.X636F?:!,)-F+36*6H?:!.32!2)4+3+,+630!64!
"$5! F).0/-)F)3,!B-6B)-,+)0!46-!().*,(V-)*.,)2!B.,+)3,V-)B6-,)2!6/,16F)0D!j!=*+3!^B+2)F+6*D!5#$#!
"$;! j/*Z";K&LQ&;&T<MD!!
"$<! ;;D!! c-/33)-! i:! e.F8+! d:! l.3H! ^:! g/F.-! E:! d+-.3+! AA:! g6/H+.0! 7:! ),! .*D! E/,6F.,+1!
"$M! R/.3,+4+1.,+63!64!F/01*)!G6*/F)0!+3!F.H3),+1!-)063.31)!+F.H+3H!01.30!64!,()!*6I)-!)X,-)F+,+)0D!
"$"! 9.H3!\)063!]F.H+3HD!5#$$!b1,Z5@K%LQ$#"MT&MD!!
"$&! ;<D!! 9+,0+6B6/*60! e:! c./FH.-,3)-! \e:! a)?F04+)*2! Ac:! >?630! C:! i.**.H()-! P:! \600! \D!
"$%! =.2.G)-! G.*+2.,+63! 64! 0Y)*),.*! F/01*)! F).0/-)F)3,! 8?! F.H3),+1! -)063.31)! +F.H+3H! .32!
"$@! 16FB/,)-+f)2!,6F6H-.B(?D!j!EBB*!7(?0+6*!c),()02.!92!$@%MD!$@@%!j/*Z%MK$LQ$$MT55D!!
"5#! ;MD!! ^046-F)0!j]:!e.-+1+!9d:!9.H.3.-+0!=eD!9).0/-)F)3,!64!(/F.3!F/01*)!G6*/F)!/0+3H!
"5$! /*,-.0636H-.B(?D!^/-!j!EBB*!7(?0+6*D!5##5!9.?Z%&K$LQ@#T5D!!
"55! ;"D!! c6-6,+Y.-!c:!>)FB)-)/-!9:!>)*+)G-)!9:!c/-2+3!d:!c)3!A.*)F!P:!c-61(.-2!AD!P?3.F+1!
"5;! 9\]! ,6! R/.3,+4?! F/01/*60Y)*),.*! F6,+63Q! E! 0?0,)F.,+1! -)G+)I! 64! 1631/--)3,! G.*+2+,?! .32!
"5<! -)*+.8+*+,?:! .32! B)-0B)1,+G)0! 46-! )G.*/.,+63! 64! F/01/*60Y)*),.*! 2+06-2)-0D! 7*6A! b3)D!
"5M! 5#$&Z$5K$5LQ)#$%@M%&D!!
"5"! ;&D!! 7630!=:!\kF?Vek-+0!b:!9k2k)!c:!c-61(.-2!AD!d.*+2+,?!.32!-)*+.8+*+,?!64!-.2+6*6H+1.*!
"5&! F),(620!,6!.00)00!B-6X+F.*!(+B!H)6F),-?!+3!1(+*2-)3!I+,(!1)-)8-.*!B.*0?Q!.!0?0,)F.,+1!-)G+)ID!
"5%! P)G!9)2!=(+*2!e)/-6*D!5#$;!P)1ZMMK$5LQ$#%@T$#5D!!
"5@! ;%D!! C(+,+3H!7:!\/,W)0!ECA:!\)+,0F.!jc:!c600/?,!799:!g*)+W3)3!jD!'()!2)G)*6BF)3,!64!
";#! NhEPEAQ! .! ,66*! 46-! ,()! R/.*+,?! .00)00F)3,! 64! 0,/2+)0! 64! 2+.H360,+1! .11/-.1?! +31*/2)2! +3!
";$! 0?0,)F.,+1!-)G+)I0D!c9=!9)2!\)0!9),(626*D!5##;!e6G!$#Z;Q5MD!!
";5! ;@D!! P6I30!Aa:!c*.1Y!eD!'()!4).0+8+*+,?!64!1-).,+3H!.!1()1Y*+0,!46-!,()!.00)00F)3,!64!,()!
";;! F),(626*6H+1.*! R/.*+,?! 86,(! 64! -.326F+0)2! .32! 363V-.326F+0)2! 0,/2+)0! 64! ().*,(! 1.-)!
";<! +3,)-G)3,+630D!j!^B+2)F+6*!=6FF/3+,?!a).*,(D!$@@%!j/3ZM5K"LQ;&&T%<D!!
";M! <#D!! G63!^*F!^:!E*,F.3!Pi:!^HH)-!9:!76161Y!Aj:!ip,f01()!7=:!d.32)38-6/1Y)!j7:!),!.*D!
";"! '()! A,-)3H,()3+3H! ,()! \)B6-,+3H! 64! b80)-G.,+63.*! A,/2+)0! +3! ^B+2)F+6*6H?! KA'\bc^L!
";&! A,.,)F)3,Q! H/+2)*+3)0! 46-! -)B6-,+3H! 680)-G.,+63.*! 0,/2+)0D! ]3,! j! A/-H! >632! ^3H*D! 5#$<!
";%! P)1Z$5K$5LQ$<@MT@D!!
";@! <$D!! >)FB)-)/-!9:!c-61(.-2!A:!>)86)/4!J:!\kF?Vek-+0!bD!d.*+2+,?!.32!-)*+.8+*+,?!64!;P!
"<#! F.-Y)-! 8.0)2! 01.B/*.-! F6,+63! .3.*?0+0Q! .! 0?0,)F.,+1! -)G+)ID! j! c+6F)1(D! 5#$<! j/*!
"<$! $%Z<&K$#LQ55$@T;#D!!
"<5! <5D!! ')-I))!=c:!96YY+3Y!>c:!g36*!P>:!b0,)*6!\Cji:!c6/,)-!>9:!2)!d),!a=CD!\.,+3H!
"<;! ,()! F),(626*6H+1.*! R/.*+,?! +3! 0?0,)F.,+1! -)G+)I0! 64! 0,/2+)0! 63! F).0/-)F)3,! B-6B)-,+)0Q! .!
"<<! 016-+3H! 0?0,)F! 46-! ,()! =bA9]e! 1()1Y*+0,D! N/.*! >+4)! \)0! ]3,! j! N/.*! >+4)! E0B! '-).,! =.-)!
"<M! \)(.8+*D!5#$5!9.?Z5$K<LQ"M$T&D!!
"<"! <;D!! 96YY+3Y! >c:! ')-I))! =c:! g36*! P>:! A,-.,46-2! 7C:! E*6306! j:! 7.,-+1Y! P>:! ),! .*D! '()!
"<&! =bA9]e! 1()1Y*+0,! 46-! )G.*/.,+3H! ,()! F),(626*6H+1.*! R/.*+,?! 64! 0,/2+)0! 63! F).0/-)F)3,!
"<%! B-6B)-,+)0Q!.!1*.-+4+1.,+63!64!+,0!163,)3,D!c9=!9)2!\)0!9),(626*D!5#$#!9.-!$%Z$#Q55D!!
"<@! <<D!! E,Y+3063! i:! e)G+**! E9D! A,.,+0,+1.*! F),(620! 46-! .00)00+3H! F).0/-)F)3,! )--6-!
"M#! K-)*+.8+*+,?L! +3! G.-+.8*)0! -)*)G.3,! ,6! 0B6-,0! F)2+1+3)D! AB6-,0! 9)2! E/1Y*! enD! $@@%!
"M$! b1,Z5"K<LQ5$&T;%D!!
"M5! <MD!! d.*)3,+3! A:! l).,)0! 'P:! >+1Y.! ':! ^**+6,,! jD! ]3,)-V-.,)-! -)*+.8+*+,?! 64! ,-/3Y! F/01*)!
"M;! F6-B(6F),-+1!.3.*?0+0D!j!c.1Y!9/01/*60Y)*),!\)(.8+*D!5#$MZ5%K$LQ$%$T@#D!!
"M<! <"D!! c.-36/+3!l:!c/,*)-Vc-6I3)!i:!d6+,!':!\)G)-0.,!P:!Eff.86/!e:!>)-6/X!i:!),!.*D!9.3/.*!
"MM! 0)HF)3,.,+63!64!+32+G+2/.*!F/01*)0!64!,()!R/.2-+1)B0!4)F6-+0!/0+3H!9\]Q!.!-).BB-.+0.*D!j!9.H3!
"M"! \)063!]F.H+3H!j9\]D!5#$<!j/*Z<#K$LQ5;@T<&D!!
"M&! <&D!! c.-36/+3! l:! c/,*)-Vc-6I3)! i:! 96-./X! E:! \)G)-0.,! P:! >)-6/X! i:! c)(+3! E:! ),! .*D!

! %#!
"M%! =6FB.-+063!64!P+44)-)3,!9),(620!,6!^0,+F.,)!,()!d6*/F)!64!,()!N/.2-+1)B0!J)F6-+0!9/01*)0!
"M@! h0+3H!9\]D!j!9)2!]F.H+3H!a).*,(!]346-FD!5#$M!b1,ZMK"LQ$5#$T&D!!
""#! <%D!! >)!'-6,)-!E:!J6/-k!E:!i/?)!9:!=6346-,Vi6/3?!A:!9.,,)+!jV7:!i632+3!j:!),!.*D!d6*/F)!
""$! F).0/-)F)3,0! 64! +32+G+2/.*! F/01*)0! +3! (/F.3! R/.2-+1)B0! 4)F6-+0! /0+3H! .,*.0V8.0)2!
""5! 0)HF)3,.,+63!.BB-6.1()0D!9.HF.!e!l!eD!5#$"!EB-Z5@K5LQ5<MTM&D!!
"";! <@D!! >/32!a:!=(-+0,)30)3!>:!A.G3+Y!E:!c6)0)3!j:!P.33)0Y+6*2VA.F0p)!c:!c*+22.*!aD!d6*/F)!
""<! )0,+F.,+63! 64! )X,)306-! F/01*)0! 64! ,()! *6I)-! *)H! 8.0)2! 63! 9\! +F.H+3HD! ^/-! \.2+6*D! 5##5!
""M! P)1Z$5K$5LQ5@%5T&D!!
"""! M#D!! 76B.2+1! i.1)0.! j:! P-.H3+1! e\:! 7-G/*6G+1! e9:! c.-.Y! bJ:! i-/W+1! eD! '()! G.*+2+,?! 64!
""&! )0,+F.,+3H! ,-+1)B0! 8-.1(++! G6*/F)! 4-6F! 0+3H*)! 9\]! 1-600V0)1,+63.*! .-).! 8)46-)! .32! .4,)-!
""%! -)0+0,.31)!,-.+3+3HD!j!AB6-,0!A1+D!5#$$!9.-Z5@K"LQ";MT<$D!!
""@! M$D!! d.3F)1()*)3!]9:!A(6-,*.32!E7:!e68*)!jjD!>6I)-!*+F8!F/01*)!G6*/F)!)0,+F.,+63!4-6F!
"&#! F.X+F/F! 1-600V0)1,+63.*! .-).! .32! F/01*)! *)3H,(! +3! 1)-)8-.*! B.*0?! .32! ,?B+1.**?! 2)G)*6B+3H!
"&$! +32+G+2/.*0D!=*+3!c+6F)1(!c-+0,6*!EG63D!5#$&!e6G!$<ZM$Q<#T<D!!
"&5! M5D!! E*8-.1(,! g:! E-.FB.,f+0! E:! c.*,f6B6/*60! dD! E00)00F)3,! 64! F/01*)! G6*/F)! .32!
"&;! B(?0+6*6H+1.*!1-600V0)1,+63.*!.-).!64!,()!(/F.3!,-+1)B0!0/-.)!F/01*)!+3!G+G6D!j!c+6F)1(D!5##%!
"&<! j/*!$@Z<$K$#LQ55$$T%D!!
"&M! M;D!! EF.8+*)! =:! 96.*! c:! =(,.-.! bE:! 7+**),! a:! \.?.! ji:! ].33)00+! E:! ),! .*D! ^0,+F.,+63! 64!
"&"! 0B+36B)*G+1!F/01*)0q!G6*/F)0!+3!?6/3H!.0?FB,6F.,+1!0/8W)1,0Q!.!R/.3,+,.,+G)!.3.*?0+0D!A/-H!
"&&! \.2+6*!E3.,D!5#$&Z;@K<LQ;@;T<#;D!!
"&%! M<D!! ^3H!=9:!E8-.F0!iP:!AF.**I662!>\:!>+)8)-!\>:!C.-2!A\D!9/01*)!H)6F),-?!.44)1,0!
"&@! .11/-.1?!64!46-).-F!G6*/F)!2),)-F+3.,+63!8?!F.H3),+1!-)063.31)!+F.H+3H!K9\]LD!j!c+6F)1(D!
"%#! 5##&Z<#K$<LQ;5"$T"D!!
"%$! MMD!! c)*.Gr!P>:!9+6Y6G+1!':!\+,,I)H)-!j:!J)*0)38)-H!PD!^0,+F.,+63!64!1(.3H)0!+3!G6*/F)!
"%5! 64!+32+G+2/.*!*6I)-V*+F8!F/01*)0!/0+3H!F.H3),+1!-)063.31)!+F.H+3H!K2/-+3H!8)2V-)0,LD!7(?0+6*!
"%;! 9).0D!5#$$!j.3Z;5K$LQ;MTM#D!!
"%<! M"D!! >)(,+3)3!j':!'+3H.-,!9j:!EB-)*)G.!9:!n/-.Y6I0Y+!P:!7.*F)-!C:!C.-3)-!jj7D!7-.1,+1.*!
"%M! .00)00F)3,! 64! -6,.,6-! 1/44! F/01*)! G6*/F)0! /0+3H! 0(6/*2)-! 9\]D! E1,.! b-,(6B! A1.32D! 5##;!
"%"! P)1Z&<K"LQ&55T@D!!
"%&! M&D!! 9)-0F.33!J:!c6(F!A:!A1(-6**!E:!E-.FB.,f+0!ED!d.*+2.,+63!64!.!0+FB*+4+)2!F),(62!46-!
"%%! F/01*)!G6*/F)!.00)00F)3,D!j!c+6F)1(D!5#$<!EB-!$$Z<&K"LQ$;<%TM5D!!
"%@! M%D!! 9)-0F.33! J:! c6(F! A:! A1(-6**! E:! c6),(! a:! P/2.! i:! E-.FB.,f+0! ED! 9/01*)! 0(.B)!
"@#! 1630+0,)31?! .32! F/01*)! G6*/F)! B-)2+1,+63! 64! ,(+H(! F/01*)0D! A1.32! j! 9)2! A1+! AB6-,0D! 5#$M!
"@$! EB-Z5MK5LQ)5#%V5$;D!!
"@5! M@D!! 96.*!c:!\.?.!ji:!j6*+G),!^:!A1(I.8!J:!c*632)*!c:!>.4.H)!d:!),!.*D!d.*+2.,+63!64!;P!
"@;! 0B+36VB)*G+1! F/01*)! -)1630,-/1,+630! 8.0)2! 63! 2)2+1.,)2! 9\]! 0)R/)31)0! 46-! 4.,VI.,)-!
"@<! R/.3,+4+1.,+63D!]-8FD!5#$<!j/3Z;MK;LQ$$@T5&D!!
"@M! "#D!! 96-0)! =]:! P)H)30! a:! j63)0! PED! '()! G.*+2+,?! 64! )0,+F.,+3H! R/.2-+1)B0! G6*/F)! 4-6F!
"@"! 0+3H*)!9\]!1-600V0)1,+630!+3!?6/3H!F)3D!^/-!j!EBB*!7(?0+6*D!5##&!j/3Z$##K;LQ5"&T&<D!!
"@&! "$D!! AY6-/B0Y.! ^:! g)1fF)-! 7:! s61(6I0Y+! \9:! '6F.*! 7:! \?1(*+Y! 9:! A.F86-0Y+! CD!
"@%! \)*+.8+*+,?!64!9\Vc.0)2!d6*/F),-+1!;VP!E3.*?0+0!64!7)*G+1!9/01*)0!.F63H!A/8W)1,0!I+,(!>6I!
"@@! c.1Y!I+,(!>)H!7.+3!.32!a).*,(?!d6*/3,))-0D!7*6A!b3)D!5#$"Z$$K&LQ)#$M@M%&D!!
&##! "5D!! AF)/*2)-0! 9j=:! G.3! 2)3! c)-H! A:! b/2)F.3! j:! e)2)-G))3! Ej:! g-)/*)3! 9:! 9..0! 9D!
&#$! \)*+.8+*+,?!64!+3!G+G6!2),)-F+3.,+63!64!46-).-F!F/01*)!G6*/F)!/0+3H!;D#!'!F.H3),+1!-)063.31)!
&#5! +F.H+3HD!j!9.H3!\)063!]F.H+3H!j9\]D!5#$#!9.?Z;$KMLQ$5M5TMD!!
&#;! ";D!! AB-+3H)-! ]:! 9o**)-! 9:! a.FF! c:! P)I)?! 9D! ]3,-.V! .32! +3,)-680)-G)-! G.-+.8+*+,?! 64!
&#<! F.H3),+1! -)063.31)! +F.H+3H! 46-! R/.3,+,.,+G)! .00)00F)3,! 64! .82/1,6-! .32! )X,)-3.*! -6,.,6-!
&#M! F/01*)!1(.3H)0!.4,)-!,6,.*!(+B!.-,(-6B*.0,?D!^/-!j!\.2+6*D!5#$5!9.?Z%$KMLQ@5%T;;D!!
&#"! "<D!! Ao2(644!]:!2)!i/+0)!jE:!e6-2)f!E:!j6*+G),!^:!c633)./!P:!g(6/-?!d:!),!.*D!;PVB.,+)3,V
&#&! 0B)1+4+1!H)6F),-?!64!,()!F/01*)0!+3G6*G)2!+3!Y3))!F6,+63!4-6F!0)*)1,)2!9\]!+F.H)0D!9)2!c+6*!
&#%! ^3H!=6FB/,D!5##@!j/3Z<&K"LQM&@T%&D!!
&#@! "MD!! E32-)I0!A:!a.F.-3)(!iD!'()!i)3)-.*+f)2!>6HV\.,+6!'-.3046-F.,+63Q!>).-3+3H!A(.B)!

! %$!
&$#! .32!E2W.1)31?!7-+6-0!46-!A+F/*,.3)6/0!'(+H(!9/01*)!A)HF)3,.,+63D!]^^^!'-.30!9)2!]F.H+3HD!
&$$! 5#$M!A)BZ;<K@LQ$&&;T%&D!!
&$5! ""D!! ^**+6,,!9E:!C.*,)-!iE:!i/*+0(!a:!A.2+!EA:!>.I063!PP:!j.44)!C:!),!.*D!d6*/F),-+1!
&$;! F).0/-)F)3,!64!(/F.3!1.*4!F/01*)!4-6F!F.H3),+1!-)063.31)!+F.H+3HD!9.HF.!e!l!eD!$@@&!
&$<! j/3ZMK5LQ@;T%D!!
&$M! "&D!! ^3H0,-6F!=9:!J-+BB!j:!j/-1.Y!d:!C.*Y)-!Pi:!A.*G.26!b:!=-6f+)-!AD!A)HF)3,.,+63!64!
&$"! ,()!R/.2-.,/0!*/F86-/F!F/01*)!/0+3H!0,.,+0,+1.*!0(.B)!F62)*+3HD!j!9.H3!\)063!]F.H+3H!j9\]D!
&$&! 5#$$!j/3Z;;K"LQ$<55T@D!!
&$%! "%D!! j6*+G),! ^:! P+63! ^:! \6/1(! 7:! P/86+0! i:! =(.--+)-! \:! 7.?.3! =:! ),! .*D! AY)*),.*! F/01*)!
&$@! 0)HF)3,.,+63! 4-6F! 9\]! 2.,.0),! /0+3H! .! F62)*V8.0)2! .BB-6.1(D! =6FB/,! 9),(620! c+6F)1(!
&5#! c+6F)2!^3H!]F.H+3H!d+0D!5#$<!J)8!$&Z5D!!
&5$! "@D!! j6*+G),! ^:! P.H/),! ^:! c6/0063! d:! c)-H6,! =:! AY.**+! C:! >.-)26! jPD! d.-+.8+*+,?! 64! (+B!
&55! F/01*)! G6*/F)! 2),)-F+3)2! 8?! 16FB/,)2! ,6F6H-.B(?D! c+61?8)-3! c+6F)2! ^3HD! 5##@!
&5;! J)8Z;#K$LQ$<T@D!!
&5<! &#D!! C.3H! >:! =(+,+86+! ':! 9)+3)! a:! io3,()-! 9:! a.(3! agD! 7-+31+B*)0! .32! F),(620! 46-!
&5M! ./,6F.,+1! .32! 0)F+V./,6F.,+1! ,+00/)! 0)HF)3,.,+63! +3! 9\]! 2.,.D! 9.HF.! e! l! eD! 5#$"!
&5"! EB-Z5@K5LQ@MT$$#D!!
&5&! &$D!! c./2+3!7l:!Eff.86/!e:!=.-*+)-!7i:!7.-.H+60!eD!7-+6-!Y36I*)2H):!-.326F!I.*Y0!.32!
&5%! (/F.3!0Y)*),.*!F/01*)!0)HF)3,.,+63D!9)2!]F.H)!=6FB/,!=6FB/,VE00+0,!]3,)-G!9]==E]!]3,!
&5@! =634!9)2!]F.H)!=6FB/,!=6FB/,VE00+0,!]3,)-GD!5#$5Z$MK7,!$LQM"@T&"D!!
&;#! &5D!! c./2+3! 7Vl:! i662F.3! P:! g/F-3.-! 7:! Eff.86/! e:! =.-*+)-! 7i:! 7.-.H+60! e:! ),! .*D!
&;$! P+01-+F+3.,+G)! B.-.F),)-! )0,+F.,+63! 46-! -.326F! I.*Y0! 0)HF)3,.,+63D! 9)2! ]F.H)! =6FB/,!
&;5! =6FB/,VE00+0,!]3,)-G!9]==E]!]3,!=634!9)2!]F.H)!=6FB/,!=6FB/,VE00+0,!]3,)-GD!5#$;Z$"K7,!
&;;! ;LQ5$@T5"D!!
&;<! &;D!! ^00.4+!A:!>.3H0!i:!7.-.H+60!eD!a+)-.-1(+1.*!;P!2+44/0+63!I.G)*),!0(.B)!B-+6-0D!]3Q!5##@!
&;M! ]^^^!$5,(!]3,)-3.,+63.*!=634)-)31)!63!=6FB/,)-!d+0+63D!5##@D!BD!$&$&T5<D!!
&;"! &<D!! >+/!J:!n(6/!n:!j.3H!a:!A.F0636G!E:!n(.6!i:!g+W6I0Y+!\D!P))B!163G6*/,+63.*!3)/-.*!
&;&! 3),I6-Y! .32! ;P! 2)46-F.8*)! .BB-6.1(! 46-! ,+00/)! 0)HF)3,.,+63! +3! F/01/*60Y)*),.*! F.H3),+1!
&;%! -)063.31)!+F.H+3HD!9.H3!\)063!9)2D!5#$&!j/*!5$Z!!
&;@! &MD!! J.**.(!J:!9.1(.33!j:!9.-,+-60+.3!7:!c.F8)-H!J:!A1(+1Y!J:!l.3H!cD!=6FB.-+063!64!'$V
&<#! I)+H(,)2!5P!'A^:!;P!A7i\:!.32!,I6VB6+3,!;P!P+X63!9\]!46-!./,6F.,)2!0)HF)3,.,+63!64!
&<$! G+01)-.*!.2+B60)!,+00/)!.,!;!')0*.D!9.HF.!e!l!eD!5#$&!EB-Z;#K5LQ$;@TM$D!!
&<5! &"D!! J+01(F.33! E:! 96--6I! j9:! A+31*.+-! =Pj:! \)+**?! 99:! a.33.! 9i:! l6/0-?! ':! ),! .*D!
&<;! ]FB-6G)2!.3.,6F+1.*!-)B-62/1+8+*+,?!+3!R/.3,+,.,+G)!*6I)-V*+F8!F/01*)!9\]D!j!9.H3!\)063!
&<<! ]F.H+3H!j9\]D!5#$<!EB-Z;@K<LQ$#;;T%D!!
&<M! &&D!! 9)*Y)! iA! 2)! J:! =60,.! E>J:! >6B)0! A>7! 2)! =:! J/f+?! E:! J)--)+-.VA.3,60! \]D! '(-))V
&<"! 2+F)30+63.*!*.,)-.*!B,)-?H6+2!F/01*)!G6*/F)Q!9\]!.3.*?0)0!I+,(!+30)-,+63!B.,,)-30!16--)*.,+63D!
&<&! E33!E3.,!E3.,!E3f!b44!b-H.3!E3.,!i)0D!5#$"!e6GZ5#%Q@T$%D!!
&<%! &%D! e.Y.,.3+!9:!'.Y.?!l:!C.Y.(.-.!':!A/H+0.Y+!e:!b(,.!9:!g.I.Y.F+!l:!J/Y/3.H.!':!
&<@! g.3)(+0.! aD! d.*+2+,?! 64! F/01*)! ,(+1Y3)00V8.0)2! B-)2+1,+63! )R/.,+63! 46-! R/.2-+1)B0! 4)F6-+0!
&M#! G6*/F)! +3! F+22*)V.H)2! .32! 6*2)-! F)3! .32! I6F)3D! ^/-! j! EBB*! 7(?0+6*D! 5#$"! P)1Z$$"K$$V
&M$! $5LQ5$5MV5$;;D!!
&M5! &@D!! 96YY+3Y! >c:! ')-I))! =c:! 7.,-+1Y! P>:! E*6306! j:! A,-.,46-2! 7C:! g36*! P>:! ),! .*D! '()!
&M;! =bA9]e! 1()1Y*+0,! 46-! .00)00+3H! ,()! F),(626*6H+1.*! R/.*+,?! 64! 0,/2+)0! 63! F).0/-)F)3,!
&M<! B-6B)-,+)0!64!().*,(!0,.,/0!F).0/-)F)3,!+30,-/F)3,0Q!.3!+3,)-3.,+63.*!P)*B(+!0,/2?D!N/.*!>+4)!
&MM! \)0D!5#$#!9.?Z$@K<LQM;@T<@D!!
&M"!

! %5!
!"#$%#&'(#)*#%)+,-.#%)$+/#%%-01#%)2)("#%,0&-,03$)*"4$)53(4&#)&4%/4(-01#)#%,)1-..31,+)*-$%)
/#),1-5-0(6)/3&.1#$-$,)(#%)*3$$+#%)/3$/#1$-$,)("-/740%0,03$)*#%)0&-8#%)#,)+5#$,4#((#&#$,)(#)
.3%,).13/#%%0$86)(#%)*3$$+#%)1#(-,05#%)-49),#/:$074#%)*#)%#8&#$,-,03$)2).-1,01)*#%)0&-8#%)
-/740%#%) #,) (#%) ,#/:$074#%) 4,0(0%+#%) .341) (#%) /-(/4(%) *#) 53(4&#) 4$#) ;30%) (-) %#8&#$,-,03$)
1+-(0%+#<)=$#)81-$*#)*05#1%0,+)*#).13,3/3(#%)+,-0,)1#,1345+#).341)/:-/4$#)*#)/#%)+,-.#%<))
>() ?) -5-0,) *#) .(4%) 4$#) 5-10+,+) $3,-'(#) *-$%) (#%) &4%/(#%) +5-(4+%) #,) *-$%) (#%) 8134.#&#$,%)
&4%/4(-01#%) 1+-(0%+%<) !#%) .3.4(-,03$%) *0;;+1-0#$,) +8-(#&#$,) %#(3$) (#%) -1,0/(#%) @%4A#,%) %-0$%6)
%4A#,%).-,:3(38074#%6)/-*-51#%B<))
!"#$%#&'(#)*#)/#%).-1-&C,1#%6)-%%3/0+)2)(-)5-10-'0(0,+)*#%),#%,%)%,-,0%,074#%)4,0(0%+%6)1#$*-0,)(#%)
!"#$%&%'(")(* +),&+* -+(* .,/0+(* !"#$-+1+() #,) $#) .#1&#,,-0,) .-%) (-) 1+-(0%-,03$) *"4$#) #.,%2*
%)%-3(+4) D$) #;;#,6) (#%) +,4*#%) +,-0#$,) ,13.) 5.,.&"67)+(* #$) ,#1&#%) *#) .3.4(-,03$6) ,?.#) *#)
,#/:$074#) ,#%,+#) #,) 74-(0,+) &+,:3*3(38074#) #,) $"-41-0#$,) .-%) .4) /3$*401#) 2) *#%) 1+%4(,-,%)
.1+/0%).-1),#/:$074#)#,).-1)&4%/(#6)(0&0,-$,)-0$%0)("0$,+1E,)*#)("+,4*#<))
)
F-$%) (#) /3$,#9,#) .-1,0/4(0#1) *#) ("+)8%),6) (#%) 1+%4(,-,%) *#) /#) ,1-5-0() %3$,) 2) 4,0(0%#1) -5#/)
$&.!%/,'")<) D$) #;;#,6) 4$#) %#4(#) +,4*#) 0$/(4%#) *-$%) (-) 1#54#) %?%,+&-,074#) /3$/#1$-0,) (#%)
#$;-$,%) @G-$&#/:#(#$6) H:31,(-$*) #,) I3'(#) JKLMB<) F4) ;-0,) *"+5#$,4#((#%) *0;;+1#$/#%)
&31.:3(38074#%) -4) $05#-4) *#%) &4%/(#%) @&3*0;0/-,03$) *4) /3$,1-%,#) &4%/4(-01#) #$) >NO)
@P3,,3&(#?)#,)-(<)LQRSB)*#)(-);31&#)&4%/4(-01#)#,)*4)/-1,0(-8#)*#)/130%%-$/#)@T:-$$-)#,)U:-.-)
JKKQB6) *#%) %.+/0;0/0,+%) .341) ("-/740%0,03$) *#%) 0&-8#%) #$) >NO) .40%) .341) (-) %#8&#$,-,03$)
.3411-0#$,)#90%,#1<)F#)&E&#6)4$#)9'6'-%)!+).-1,0/4(0C1#)#%,)2)-5301).341)-:.,/0+*0/*#/(!-+*
$%,5"-"6';/+<)!#%)74#(74#%)*3$$+#%)1#,1345+#%)(-0%%-0#$,).1+%-8#1)4$#);0-'0(0,+).(4%);-0'(#)
*#%) &#%41#%) /:#V) *#%) %4A#,%) -5#/) 4$#) .13,:C%#) *#) :-$/:#) #,) 1-/:0-(8074#%)@H.10$8#1) #,) -(<)
JKLJW)HX314.%X-)#,)-(<)JKLYB<))
)
!"+5-(4-,03$)&+,13(38074#)%#)(0&0,-0,)2)(-)5-(0*0,+)*-$%)(-)&30,0+)*#%)+,4*#%<)<%*8'0.-',.*,+(,2
&+,+(,*+,*-%*(+)('='-',.*%/*!5%)6+#+),)%3$,)*#%).13.10+,+%)0&.31,-$,#%)2)/3$%0*+1#1)*-$%)4$#)
.#1%.#/,05#)*#)%4050)*#).3.4(-,03$).+*0-,1074#<)F-$%)(#)/-*1#)%.+/0;074#)*4)%4050)(3$80,4*0$-()
*"#$;-$,%) .1+%#$,-$,) 4$#) Z[ZP6) -5#/) +5-(4-,03$) *4) '+$+;0/#) *"4$#) ,:+1-.#4,074#6)
("+5-(4-,03$)*#)/#%)*#49).13.10+,+%)-..-1-0,)0$*0%.#$%-'(#)-;0$)*#).345301)+/-1,#1)4$#)#11#41)
*#)&#%41#)*-$%)("0$,#1.1+,-,03$)*#%)1+%4(,-,%<))
)

! %;!
!#%),#/:$074#%)*#)(+6#+),%,'")*%/,"#%,';/+()-..-1-0%%#$,),1C%).13&#,,#4%#%6)*4);-0,)*#)(-)
1+*4/,03$) 34) *0%.-10,03$) *4) ,#&.%) *#) %#8&#$,-,03$) &-$4#((#6) -5#/) *#%) .#1%.#/,05#%)
*"4,0(0%-,03$) #$) 1#/:#1/:#) &-0%) .#4,\E,1#) +8-(#&#$,) #$) .1-,074#) /(0$074#) *-$%) ("-5#$01<) F#)
)"/9+--+(*.,/0+(*#.,&"-"6';/+()%3$,)0$*0%.#$%-'(#%)-;0$)*#)/3$;01&#1)/#,,#):?.3,:C%#).341)
(#%),#/:$074#%)*+/10,#%)*-$%)(#%)-1,0/(#%)0$/(4%)*-$%)(-)1#54#)%?%,+&-,074#<)!31%)*#)("4,0(0%-,03$)
*#) /#1,-0$#%) ,#/:$074#%) *#) %#8&#$,-,03$) -4,3&-,074#%6) *#%) .1+1#740%) %3$,) /#.#$*-$,)
$+/#%%-01#%) #,) 2) .1#$*1#) #$) /3&.,#6) /3&&#) (-) $+/#%%0,+) *"-5301) 4$#) '-%#) *#) *3$$+#%)
*"#$,1-]$#&#$,)@!#)U13,#1)#,)-(<)JKLYW)D$8%,13&)#,)-(<)JKLLB<))
!
Z341)(-)#+(/&+*0+(*9"-/#+(*0+(*#/(!-+(*6-.)"25/#.&%/1*!5+>*-+(*+)8%),(*2)*#5#(3..#&#$,)
,?.074#) #,) .1+%#$,-$,) 4$#) Z[ZP6) -4/4$#) *3$$+#) &+,13(38074#) $"+,-0,) *0%.3$0'(#) *-$%) (-)
(0,,+1-,41#)/3$/#1$-$,)(#%),#/:$074#%)-*-.,+#%).341)(#%)&4%/(#%6)*#(,3^*#6)81-$*).#/,31-()#,)
81-$*)13$*)/:#V)("#$;-$,<)Z341)(#%)&4%/(#%)*#)(-)/30;;#)*#%)13,-,#41%6)(#%),#/:$074#%)%0&.(#%)
*#)%#8&#$,-,03$)-..-1-0%%-0#$,)0$%4;;0%-&&#$,).1+/0%#%)*-$%)*#49)*#%)-1,0/(#%)0$/(4%)@U0$8-1,)
#,) -(<) JKK_W) !#:,0$#$) #,) -(<) JKK_B<) !#) ;-0'(#) $3&'1#) *"#9-&#$%6) (-) .1+%#$/#) *#) &4%/(#%) *#)
;31&#%) #,) ,-0((#%) *0;;+1#$,#%6) (-) .3%%0'0(0,+) *"-1,#;-/,%) 1#%.01-,301#%) -4) $05#-4) *4) &4%/(#)
.#/,31-(6) (#%) *0;;0/4(,+%) -,,#$*4#%) .341) *+(0&0,#1) (#%) &4%/(#%) *4) ;-0,) *#) (-) *+8+$+1#%/#$/#)
&4%/4(-01#) @/:#V) (#%) #$;-$,%) -5#/) Z[ZPB) +,-0#$,) *#%) +(+&#$,%) #$) ;-5#41) *4) /:309) *"4$#)
,+!5)';/+*0+*(+6#+),%,'")*#%)/+--+*$&.!'(+<)=$#),#/:$074#)*#)%#8&#$,-,03$)&-$4#((#)%41)
4$)81-$*)$3&'1#)*#)/34.#%6)-5#/)4$#);1+74#$/#)*#)%#8&#$,-,03$)5-10-$,)#$);3$/,03$)*#)(-)
,-0((#)#,)*#)(-)/3&.(#90,+)*#%)&4%/(#%)+5-(4+%6).341)1+.3$*1#)-49)3'A#/,0;%)*#).1+/0%03$)&-0%)
-4%%0)*#);-0%-'0(0,+)-)+,+)/:30%0#<!

! %<!
!

"!#$%&'()!"!*!+,$-.,(,/&)!012'1(3&$)!)4!56+!)%!7,4'%&,4!8)2!

012'()2!8)!(9:-31()!'.);!(9)4734%!23&4!

`:#V)(#%)#$;-$,%6)(#)8")!,'"))+#+),*,3$';/+*0+*-:.$%/-+)1#%,#).#4)#9.(31+<)Z#4)*"+(+&#$,%)
*#%/10.,0;%) *#) ("+.-4(#) %3$,) *0%.3$0'(#%) *-$%) /#,,#) .3.4(-,03$) -4) $05#-4) &4%/4(-01#<) !#%)
/3$$-0%%-$/#%)-$-,3&074#%).135#$-$,)0:.,/0+(*!%0%9.&';/+(*%0/-,+()(#41)%3$,)-..(074+#%)
'0#$)74"-4/4$)+(+&#$,)$#).#1&#,,#)*#)(#)A4%,0;0#1<)F#%)*0;;+1#$/#%)&31.:3(38074#%)-4)$05#-4)
*#%)&4%/(#%)#$,1#)*#%).3.4(-,03$%)*"a8#%)*0;;+1#$,%)3$,)*+A2)+,+)/3$%,-,+#%)@U-,#)#,)-(<)JKKYW)
T4'3)#,)-(<)JKK_W)bX-80)#,)-(<)JKKQB<)F#%)5-10-,03$%)#$);3$/,03$)*#)("a8#)#,)*#%)&4%/(#%)*#)(-)
*0%,10'4,03$)&4%/4(-01#)#,)4$#)+53(4,03$)*#)(-)1#(-,03$);31/#)53(4&#)#$);3$/,03$)*#%)a8#%)#,)
%#(3$)(#%)%#9#%)3$,)+,+)&3$,1+#%)*-$%)*0;;+1#$,#%)1+803$%)-$-,3&074#%)/:#V)("#$;-$,)@T-$#:0%-)
#,)-(<)LQQcW)F#08:-$)#,)-(<)JKKYW)T-$#:0%-)#,)-(<)LQQSW)Z0,/:#1)#,)-(<)JKLJW)d33*)#,)-(<)JKKSB<)
b0$%06)-4)$05#-4)*#)("+.-4(#6)(-)/130%%-$/#).3411-0,)%#);-01#)*#)&-$0C1#)0$:3&38C$#)#$);3$/,03$)
*#%)8134.#%)&4%/4(-01#%6)#$,1-]$-$,)4$)+740(0'1#)#$,1#)(#%)&4%/(#%)-83$0%,#%)#,)-$,-83$0%,#%)
*0;;+1#$,%)*#)/#(40)*#)("-*4(,#)#,)(-)1#(-,03$)#$,1#)("-1/:0,#/,41#)&4%/4(-01#)#,)(-)8#$C%#)*#)
;31/#).3411-0,)E,1#).(4%);-0'(#)/:#V)(#%)#$;-$,%<))
)
F+;0$01)(#);3$/,03$$#&#$,)*#)("+.-4(#)/:#V)(#%)#$;-$,%)2)*+5#(3..#&#$,),?.074#)#,)/3$$-0,1#)
%-) e)$31&-(0,+)f) 1#.1+%#$,#) 4$) #$A#4<) D$) #;;#,6) (-) '3$$#) /3$$-0%%-$/#) *#) %#%) %.+/0;0/0,+%)
-$-,3&074#%)#,)*#)%3$);3$/,03$$#&#$,)$31&-()#%,)4$#)+,-.#).1+-(-'(#)2)("0*#$,0;0/-,03$)#,)2)
(-) /3&.1+:#$%03$) *#%) *?%;3$/,03$$#&#$,%) .1+%#$,%) /:#V) (#%) #$;-$,%) .1+%#$,-$,) *#%)
.-,:3(380#%)*#)("+.-4(#6)/3&&#)(#%)#$;-$,%)-5#/)Z[ZP<)
<:.,/0+* ?@A6) $3$) 0$5-%05#) #,) $3$) 011-*0-$,#6) .#1&#,,-$,) (-) 50%4-(0%-,03$) *#) ("#$%#&'(#) *#%)
%,14/,41#%) *#) ("+.-4(#) -0$%0) 74#) (-) #+(/&+* ;/%),'8'.+* 0+(* 9"-/#+(* #/(!/-%'&+(6) %#&'(#)
.-1,0/4(0C1#&#$,)0$,+1#%%-$,#)*-$%)/#)/-*1#<))
)
F-$%)/#,,#).1#&0C1#)+,4*#6)("3'A#/,0;).10$/0.-()+,-0,)*g+,-'(01)4$#)=%(+*0+*0")).+(*$.0'%,&';/+*
(/&*-+(*9"-/#+(*0+(*#/(!-+(*0+*-:.$%/-+*+,*-+/&*0'(,&'=/,'")B)*-$%)4$#).3.4(-,03$)1#8134.-$,)
*#%) #$;-$,%) *ga8#%6) *#) ,-0((#%) #,) *#) 8#$1#%) *05#1%<) !"3'A#/,0;) %#/3$*-01#) +,-0,) 0C%(("!'+&* -+(*

! %M!
9"-/#+(* #/(!/-%'&+(* 0+* -C.$%/-+* %/1* #"#+),(* %&,'!/-%'&+(* '("#.,&';/+(* 9"-"),%'&+(*
#%1'#%/1).13*40,%)*-$%)(#%)*0;;+1#$,%)*#81+%)*#)(0'#1,+)*#)("+.-4(#<))
!#) ,1-5-0() 1+-(0%+) /3$%0%,-0,) #$) Lh) 2) (-) .-1,0/0.-,03$) -49) /:309) *#) *#) (-) &+,:3*3(380#) *#)
%#8&#$,-,03$6) *#) 1+.-1,0,03$) *#%) &4%/(#%) #$) 8134.#%) ;3$/,03$$#(%6) *#) &+,:3*3(380#) *#)
*050%03$)*4)*#(,30*#6)*#%)%,-,0%,074#%6)#$)Jh)2)(-)%#8&#$,-,03$)&-$4#((#)*#%)&4%/(#%6)#$)_h)2)
(-)1#(#/,41#)*#)("-1,0/(#).10$/0.-(#&#$,)+/10,%).-1)(#).1#&0#1)#,)(#)*#1$0#1)-4,#41%<))

! %"!
Journal of Biomechanics 47 (2014) 2730–2737

Contents lists available at ScienceDirect

Journal of Biomechanics
journal homepage: www.elsevier.com/locate/jbiomech
www.JBiomech.com

In vivo pediatric shoulder muscle volumes and their relationship


to 3D strength
Hyun Soo Im a, Katharine E. Alter a,b, Sylvain Brochard a,c,d, Christelle Pons c,
Frances T. Sheehan a,n
a
Functional and Applied Biomechanics Section, Rehabilitation Medicine Department, National Institutes of Health, Bethesda, MD, USA
b
Mt Washington Pediatric Hospital, Baltimore, MD, USA
c
Rehabilitation Medicine Department, University Hospital of Brest, Brest, France
d
LaTIM, INSERM U1101, Brest, France

art ic l e i nf o a b s t r a c t

Article history: In the pediatric shoulder, injury and pathology can disrupt the muscle force balance, resulting in severe
Accepted 28 April 2014 functional losses. As little data exists pertaining to in vivo pediatric shoulder muscle function,
musculoskeletal data are crucially needed to advance the treatment of pediatric shoulder pathology/
Keywords: injury. Therefore, the purpose of this study was to develop a pediatric database of in vivo volumes for the
Torque major shoulder muscles and correlate these volumes with maximum isometric flexion/extension,
MRI internal/external rotation, and abduction/adduction joint moments. A methodology was developed to
Children derive 3D shoulder muscle volumes and to divide the deltoid into sub-units with unique torque
Reliability producing capabilities, based on segmentation of three-dimensional magnetic resonance images. Eleven
Rotator cuff
typically developing children/adolescents (4F/7M, 12.0 73.2 years, 150.8 716.7 cm, 49.27 16.4 kg)
Injury
participated. Correlation and regression analyses were used to evaluate the relationship between
volume and maximum, voluntary, isometric joint torques. The deltoid demonstrated the largest
(30.4 71.2%) and the supraspinatus the smallest (4.8 70.5%) percent of the total summed volume of
all six muscles evaluated. The anterior and posterior deltoid sections were 43.473.9% and 56.673.9% of the
total deltoid volume. The percent volumes were highly consistent across subjects. Individual muscle volumes
demonstrated moderate-high correlations with torque values (0.70–0.94, po0.001). This study presents
a comprehensive database documenting normative pediatric shoulder muscle volume. Using these data a clear
relationship between shoulder volume and the torques they produce was established in all three rotational
degrees-of-freedom. This study furthers the understanding of shoulder muscle function and serves as a
foundation for evaluating shoulder injury/pathology in the pediatric/adolescent population.
& 2014 Published by Elsevier Ltd.

1. Introduction sports is taking place at earlier ages (Davis, 2010; Emery, 2006).
Unfortunately, much of the existing knowledge regarding shoulder
Shoulder stability and function are predominantly maintained function originates from adult cadaver and modeling studies. Since
by a balance of muscle forces (Ackland and Pandy, 2011; Boettcher evidence suggests that children may not be scaled versions of adults
et al., 2010; Otis et al., 1994). As such, congenital conditions (e.g., (Neu et al., 2002; Tonson et al., 2008), in vivo pediatric shoulder
brachial plexus palsy (Kozin et al., 2010) and cerebral palsy musculoskeletal data are needed to enhance the understanding of
(Abel et al., 2003; Brochard et al., 2012)) can cause muscle imbalances typical shoulder function and improve the management and treat-
and skeletal deformities, resulting in functional losses in both the ment of pediatric shoulder pathology/injury.
pediatric and adult populations. Sports related injuries, which have Although it is well accepted that an individual muscle's volume
been viewed as primarily adult issues, are now becoming prominent can predict its force generating capacity (Akagi et al., 2009;
in pediatric populations as participation in high-level competitive Blazevich et al., 2009; Fukunaga et al., 2001), establishing this
relationship for the shoulder presents unique challenges. Specifi-
n
cally, the largest shoulder muscle (deltoid) has multiple lines of
Correspondence to: National Institutes of Health, Building 10 CRC RM 1-1469,
action, which enables it to generate torques on humerus in opposite
10 Center Drive MSC 1604, Bethesda, MD 20892-1604, USA. Tel.: þ1 301 451 7585;
fax: þ1 301 451 7536. directions (Ackland and Pandy, 2011; Brown et al., 2007; Kuechle
E-mail address: fsheehan@cc.nih.gov (F.T. Sheehan). et al., 2000). Specifically, the anterior deltoid segments produce

http://dx.doi.org/10.1016/j.jbiomech.2014.04.049
0021-9290/& 2014 Published by Elsevier Ltd.

! %&!
!
!

! %%!
!

! %@!
!

! @#!
!

! @$!
!
!

! @5!
!

! @;!
!
! !

! @<!
F0;;+1#$,#%)*0;;0/4(,+%)&+,:3*3(38074#%)3$,)+,+)1#$/3$,1+#%).341)/#),1-5-0(<))
)
F-$%)(#),1-5-0()/0\*#%%4%6)4$#)(.;/+)!+*%)%,"#';/+*%9+!*0+(*!"/$+(*,&7(*8')+(6)-)+,+)/:30%0#<)
F#%)5+10;0/-,03$%)*#)(-)A4%,#%%#)*#)(-)%#8&#$,-,03$)%41)(#%)/34.#%)-90-(#%)+,-0#$,).3%%0'(#%)*-$%)
(#%).(-$%)%-80,,-()#,);13$,-(<)=$#),#/:$074#)*#)%#8&#$,-,03$)&-$4#((#)%41)4$)81-$*)$3&'1#)
*#) /34.#%) +,-0,) 4,0(0%+#<) !#%) .9%-/%,'")(* 0+* 8'0.-',.* '),+&2+1%#')%,+/&* &+,&"/9%'+),*
0:+1!+--+),(*&.(/-,%,(*(/&*,&"'(*#/(!-+()(-0%%-$,).1+%-8#1)*#)'3$$#%)74-(0,+%)&+,13(38074#%)
.341)/#,,#),#/:$074#<)O-(81+)("-'%#$/#)*#)%#8&#$,-,03$)*#),34,#%)(#%)/34.#%6)DE*5+/&+(*%/*
#')'#/#) +,-0#$,) $+/#%%-01#%) .341) 1+-(0%#1) (#%) %#8&#$,-,03$%) &-$4#((#%) .40%) (-)
1#/3$%,14/,03$) *"4$#) +.-4(#) 4$074#6) $#) .#1&#,,-$,) .-%) *"4,0(0%#1) /#,,#) ,#/:$074#) %41) *#%)
.3.4(-,03$%)'#-4/34.).(4%)(-18#%)34)#$).1-,074#)/(0$074#<)
)
b;0$) 0:.,%=-'&* 0+(* 6&"/$+(* 8")!,'"))+-(* 0+(* #/(!-+() 0$,#15#$-$,) *-$%) /:-/4$) *#%)
&345#&#$,%)*#)("-1,0/4(-,03$)8(+$3\:4&+1-(#6)-+(*=&%(*0+*-+9'+&)*+,#1&0$+%)2).-1,01)*"+,4*#%)
/-*-5+1074#%) /:#V) (#%) -*4(,#%) "),* .,.* /,'-'(.(* -5#/) 4$#) &+,:3*#) *#) e),#$*3$) #9/41%03$)f)
.#1&#,,-$,)*#)%"-;;-1$/:01)*#)(-)*+,#1&0$-,03$)*4)/#$,1#)*#)13,-,03$)*#)("-1,0/4(-,03$)8(+$3\
:4&+1-(#<) >(%) %3$,) 2) ("31080$#) *"4$) '0-0%) *-$%) (#) 1-0%3$$#&#$,) .341) ("+,4*#) *#) (-) 1#(-,03$)
53(4&#\;31/#)#,)%3$,)4$#)(0&0,#).341)/#,,#)+,4*#<))
)
D$;0$6)(#)#/(!-+*0+-,"F0+6)*4);-0,)*#)%3$)318-$0%-,03$),10*0&#$%03$$#((#)#$,341-$,)("+.-4(#6)
$&.(+),+*0+(*%!,'")(*0'88.&+),+()#$);3$/,03$)*#%)/:#;%)&4%/4(-01#%)-5#/).341)/#1,-0$%)/:#;%)
*#%)-/,03$%)-$,-83$0%,#%)@i<)O<)O<)P13j$)#,)-(<)JKKMB<)F#)/#);-0,6)/)+*,+!5)';/+*0+*0'9'('"))#$)
*#49) .-1,0#%) %* .,.* $&"$"(.+<) H-) ;0*+(0,+) 0$,#1\#9-&0$-,#41) +,-0,) ,1C%) %-,0%;-0%-$,#) &-0%) %-)
5-(0*0,+)1#%,#)2).1345#1<)F#)&E&#6)%3$)4,0(0%-,03$)*-$%)*#%)0&-8#%)-4,1#%)74#)/#((#%)3',#$4#%)
.341)/#),1-5-0(6)-5#/)4$#)%+74#$/#)*0;;+1#$,#).-1)#9#&.(#6)%#1-)2)#9.(31#1<))
)
O-(81+) /#%) *0;;0/4(,+%) &+,:3*3(38074#%6) /#) ,1-5-0() -) .#1&0%) *#) 1#/4#0((01) (#%) $&+#'7&+(*
0")).+(*0+*9"-/#+(*0+(*#/(!-+(*0+*-:%&,'!/-%,'")*6-.)"25/#.&%-+)-0$%0)74#)(#41)0'(,&'=/,'")*
%.+/0;074#) *-$%) 4$#) .3.4(-,03$) *"#$;-$,%) -5#/) *+5#(3..#&#$,) ,?.074#<) G+(* !"&&.-%,'")(*
#"3+))+(*H*8"&,+(*+),&+*-+(*9"-/#+(*#/(!/-%'&+(*+,*-%*8"&!+*"),*$/*I,&+*.,%=-'+()*-$%),34,#%)
(#%)*01#/,03$%)*4)&345#&#$,)#,)-5#/)("#$%#&'(#)*#%)&4%/(#%)0$,#15#$-$,)*-$%)(-)8#$C%#)*#)
;31/#) *-$%) (#%) *0;;+1#$,#%) *01#/,03$%6) /3$;01&-$,) ("0$,+1E,) *#) ("+,4*#) &31.:3(38074#) *#%)

! @M!
&4%/(#%) *#) ("+.-4(#) #$) >NO) /:#V) ("#$;-$,<) J+(* $&+#'7&+(* 0")).+(* 9"),* $"/9"'&* (+&9'&* 0+*
0")).+(*0+*&.8.&+)!+*0%)(*-+(*.,/0+()0$/(4-$,)*#%)#$;-$,%).1+%#$,-$,)*#%).-,:3(380#%)*#)
("+.-4(#6)/3&&#)(#%*+)8%),(*%9+!*KLKM<)
F#%) +,4*#%) %0&0(-01#%) 2) /#((#) .1+%#$,+#) /0\*#%%4%) .13.3%-$,) 4$#) +,4*#) *#%) 53(4&#%)
&4%/4(-01#%)#,)*#)(#41)1#(-,03$)2)(-);31/#)*-$%)*#%)6&"/$+(*0:+)8%),(*$%&*N6+*+,*(+1+).3411-0,)
.#1&#,,1#)*"+5-(4#1)("0&.-/,)*#)(-)/130%%-$/#)%41)("-$-,3&0#)#,)(#);3$/,03$$#&#$,)*#)("+.-4(#)
/:#V)("#$;-$,)2)*+5#(3..#&#$,),?.074#)#,).3,#$,0#((#&#$,)*"-;;0$#1)/#,,#).1#&0C1#)'-%#)*#)
*3$$+#%<))
)
)
D11-,4&)k)F#%)#11#41%)%#)%3$,)8(0%%+#%)*-$%)(#),-'(#-4)L)@/-(/4()*#)(">O`B6)(-)5#1%03$)#9-/,#)#%,)
.1+%#$,+#)/0\*#%%34%)
<))
0/8W)1,! H)32)-! 26F+3.3,! .H)! ()+H(,!K1FL! I+)H(,!KYHL! c9]! I)+H(,!
.-F! K?).-0L! 1.,)H6-?!
$! 9! \! $;:%! $M&:M! &<:;! ;#:#! 68)0)!
5! 9! \! $<:M! $%#:;! &5:#! 55:$! 36-F.*!
;! 9! \! $$:<! $M@:#! <#:M! $":#! 36-F.*!
<! 9! \! &:;! $;$:#! 5;:@! $;:@! 36-F.*!
M! 9! \! $$:$! $;#:#! <<:"! 5":<! 68)0)!
"! 9! \! @:5! $<5:5! <&:;! 5;:<! 68)0)!
&! 9! \! $;:&! $M$:%! "<:@! 5%:5! 68)0)!
%! J! \! %:&! $5&:#! 5":;! $":;! 36-F.*!
@! J! \! $#:%! $M5:<! <M:M! $@:"! 36-F.*!
$#! J! \! $%:&! $"M:$! <@:M! $%:5! 36-F.*!
$$! J! >! $5:<! $"5:"! M;:$! 5#:$! 36-F.*!
)
!

! @"!
!

<!#$%&'()!<!*!+,$-.,(,/&)!012'1(3&$)!)4!56+!)%!7,4'%&,4!

012'1(3&$)!8)!(9:-31()!'.);!(9)4734%!3=)'!-3$3(>2&)!,?2%:%$&'3()!

81!-()@12!?$3'.&3(!

P0#$)74#)(#%)#/(!-+(*%30#$,)-4)/l41)*#)(-).-,:3(380#)*#)("+.-4(#)/:#V)(#%)#$;-$,%)-5#/)Z[ZP6)
(#41)%,,+'),+*&+(,+*'#$%&8%',+#+),*!"))/+<))
)
D$) >NO6) (-) #"&$5"-"6'+* +,* )",%##+),* -%* ,&"$5'!',.* 0+(* #/(!-+(* (!%$/-"25/#.&%/1) *#)
("#$;-$,)-5#/)Z[ZP)%-$%)1+/4.+1-,03$)$#413(38074#)/3&.(C,#)-)+,+)+,4*0+#)*-$%)!');*%&,'!-+()
@Zm?:0n)#,)-(<)JKKcW)5-$)o#(#0$)G0,10$8-)#,)-(<)JKKQW)Z#,#1)O<)d-,#1%)#,)-(<)JKKQW)p38#$*331$)
#,) -(<) JKLKW) G-$) o#(#0$) G0,10$8-) #,) -(<) JKLLB) -;0$) *"+,-'(01) 4$) (0#$) #$,1#) (#%) *+;31&-,03$%)
3%%#4%#%)#,)("-,,#0$,#)&4%/4(-01#<))
F-$%)/#%),1-5-496)(-),13.:0/0,+)*#%)&4%/(#%)*#)("+.-4(#)+,-0,)#9.(31+#)-5#/)*#%),+!5)';/+(*0+*
(+6#+),%,'")* ('#$-+(6) ,#((#%) 74#) ("+.-0%%#41) *#) %#/,03$) &-90&-(#) 34) (-) %41;-/#) *#) %#/,03$)
-$-,3&074#)*4)&4%/(#)&#%41+#%)%41)4$#)/34.#)4$074#<)F-$%)(#)/-*1#)*4)&4%/(#).-,:3(38074#)
*#)("#$;-$,6)/#%),#/:$074#%)4,0(0%-$,)4$#)/34.#)4$074#)$#)%3$,)/#.#$*-$,).-%)5-(0*+#%<)D((#%)
)+*("),*$%(*%0%$,.+(*H*0+(*#/(!-+(*%9+!*0+(*8"&#+(*)")*8/('8"&#+(*($.!'8';/+(*!"##+*-+*
0+-,"'0+4)D$;0$6)*4);-0,)*#)("-,13.:0#6)*#%)*+;31&-,03$%)*4)&4%/(#).#45#$,)E,1#)%4%.#/,+#%<)
!"#$%#&'(#)#%,)#$);-5#41)*"4$#)+5-(4-,03$)*4)&4%/(#)*-$%)%3$)#$%#&'(#).-1)4$#),#/:$074#)
*#)%#8&#$,-,03$).1+/0%#)@!#:,0$#$)#,)-(<)JKK_B@b1,0/(#)LB<))
H#4()4$)$+,',*)"#=&+*0+*#/(!-+(*.,%',*.,/0'.6).10$/0.-(#&#$,)(#%)&4%/(#%)%4'%/-.4(-01#)#,)
0$;1-+.0$#49<)`#.#$*-$,)/#)$#)%3$,)$0)(#%)%#4(%)&4%/(#%)*4)/34.(#)13,-,03$)0$,#1$#h#9,#1$#)
@T4#/:(#)#,)-(<)JKKKW)b/X(-$*6)T#?$#A-*6)#,)Z-$*?)JKLLB6)$0)(#%)%#4(%)&4%/(#%)2)0$,#15#$01)*-$%)
(-)%,-'0(0%-,03$)#,)(-)&3'0(0%-,03$)*#)("+.-4(#)@.-1-81-.:#)J<J<JB<))
!#%)/311+(-,03$%)#$,1#)(-),13.:0/0,+)&4%/4(-01#)#,)(#%)*+;31&-,03$%)3%%#4%#%)+,-0#$,)+,-'(0#%)
%-$%) 74#) -+* -'+)* +),&+* -%* ,&"$5'!',.* #/(!/-%'&+* +,* -%* 8"&!+6) #$) (0#$) -5#/) (#%) /3$,1-0$,#%)
&+/-$074#%)%"#9#1q-$,)%41)("-1,0/4(-,03$)8(+$3\:4&+1-(#6)$#)%30,)/3$$4)*-$%)/#,,#).3.4(-,03$)
@F?%-1,6)p-1X$#%%)#,)p#1'0%3$)LQRQW)O<)!<)Z#-1()#,)D*8#1,3$)LQQRB<)!#%)/311+(-,03$%)/3$$4#%)
.341)("#$;-$,)2)*+5#(3..#&#$,),?.074#)#,).1+%#$,+#%)/0\*#%%4%)$#).345-0#$,).-%)E,1#)4,0(0%+#%)

! @&!
+,-$,)*3$$+)(#)/-1-/,C1#).-,:3(38074#)*#%)&4%/(#%)/:#V)(#%)#$;-$,%)-5#/)Z[ZP6).1+%#$,-$,)
4$#) 0$;0(,1-,03$) 81-0%%#4%#) #,) 4$) /:-$8#&#$,) *#) (#41) -1/:0,#/,41#) @D0$-1%%3$) #,) -(<) JKKRW)
p38#$*331$)#,)-(<)JKLKB)&3*0;0-$,).3%%0'(#&#$,)(#41%).13.10+,+%)/3$,1-/,0(#%<)))
)
`#,,#)+,4*#)e)-,13.:0#)*#%)&4%/(#%)*#)("+.-4(#6)1#(-,03$)-5#/)(-).#1,#)*#);31/#)/:#V)("#$;-$,)
-5#/)Z[ZP)f)50%-0,)2)&0#49)+5-(4#1)("-,,#0$,#)&4%/4(-01#)*#%)&4%/(#%)8(+$3):4&+1-49<)H3$)
"=O+!,'8*$&')!'$%-)+,-0,)*#)74-$,0;0#1)(#).13;0()#,)(-)81-50,+)*#)-:%,&"$5'+*#/(!/-%'&+*0+(*#/(!-+(*
6-.)"25/#.&%/1* /:#V) (#%) #$;-$,%) .1+%#$,-$,) 4$#) Z[ZP) #$) 4,0(0%-$,) 4$#) ,#/:$074#) *#)
%#8&#$,-,03$) &-$4#((#) %41) 4$) 81-$*) $3&'1#) *#) /34.#%) .#1&#,,-$,) (-) /3$%0*+1-,03$) *4)
&4%/(#)*-$%)%3$)#$%#&'(#<)H#%)3'A#/,0;%)%#/3$*-01#%)+,-0#$,)*#);/%),'8'+&*-:.;/'-'=&+*+),&+*
-+(* 9"-/#+(* #/(!/-%'&+(* %6")'(,+(* +,* %),%6")'(,+(6) -0$%0) 74#) *#) *+,#1&0$#1) (-) &+-%,'")*
9"-/#+*8"&!+)-4)$05#-4)*#)("+.-4(#)*-$%)/#,,#).3.4(-,03$<))
!

! @%!
!

! @@!
!

! $##!
!

! $#$!
!

! $#5!
!

! $#;!
!

! $#<!
!

! $#M!
!
! !

! $#"!
J+,,+*.,/0+*+(,*-%*$&+#'7&+*H*$&"$"(+&*/)+*.9%-/%,'")*$&.!'(+*0+(*#/(!-+(*#"='-'(%,+/&()
.10$/0.-49)*#)("-1,0/4(-,03$)8(+$3\:4&+1-(#)/:#V)("#$;-$,)-5#/)Z[ZP)#,)2)+,-'(01)4$)(0#$)-5#/)
(-);3$/,03$)&4%/4(-01#)#$)+,-'(0%%-$,)*#%)/311+(-,03$%)-5#/)(-);31/#<)
)
!#%) *0;;0/4(,+%) &+,:3*3(38074#%) +,-0#$,) %0&0(-01#%) 2) /#((#%) #9.(0/0,+#%) .341) ("+,4*#) /:#V)
("#$;-$,) 2) *+5#(3..#&#$,) ,?.074#<) I34%) 1#50#$*13$%) %0&.(#&#$,) %41) (#) /:309) 1+-(0%+)
/3$/#1$-$,)(-);31&-,03$)*#%)6&"/$+(*8")!,'"))+-(<)H#4(%)(#%)&4%/(#%)-5#/)4$)'1-%)*#)(#50#1)
*"-4)&30$%)Y)&&).345-0#$,)E,1#)0$/(4%)*-$%)4$)8134.#);3$/,03$$#(<)`#,,#)%0&.(0;0/-,03$)+,-0,)
$+/#%%-01#)*4);-0,)*#)(-)&081-,03$).3%,+10#41#6)0$;+10#41#)#,)&+*0-(#)*#)(-),E,#):4&+1-(#).-1)
1-..31,)2)(-)8(C$#6)&3*0;0-$,)(#%)(08$#%)*"-/,03$)#,)'1-%)*#)(#50#1)*#%)&4%/(#%)8(+$3\:4&+1-49)
@T4#/:(#) #,) -(<) LQQM6) JKKKB<) D$) /3$%#15-$,) (#) %#40() *#) _) &&) 4,0(0%+) .341) ("#$;-$,) 2)
*+5#(3..#&#$,) ,?.074#) *-$%) ("+,4*#) .1+/+*#$,#6) $34%) /1-08$03$%) *"-,,10'4#1) 4$#) -/,03$)
&+/-$074#&#$,)0&.3%%0'(#)2)4$)*#%)&4%/(#%)+,4*0+%)*4);-0,)*#)(-)*+;31&-,03$<)`3&&#)*-$%)
("+,4*#).1+/+*#$,#6)/#,,#)&+,:3*#)1#.1+%#$,#)4$#)(0&0,#)#,)4$)'0-0%)*-$%)(#)1-0%3$$#&#$,)
.341)("+,4*#)*#)(-)1#(-,03$)53(4&#\;31/#<))
)
J+,,+*.,/0+*.9%-/+*('1*#/(!-+(*#"='-'(%,+/&(*$&')!'$%/1)*#)("-1,0/4(-,03$)8(+$3\:4&+1-(#6)#,)
$+&#+,* /)+* 9'('")* $-/(* 6-"=%-+* 0+(* %,,+'),+(* #/(!/-%'&+(* +,* 0.(.;/'-'=&+() -4) $05#-4) *#)
("+.-4(#) 74#) (#%) +,4*#%) .1+/+*#$,#%<) `#.#$*-$,6) -:+)(+#=-+* 0+(* #/(!-+(* $",+),'+--+#+),*
'#$-';/.(*0%)(*-%*$%,5"-"6'+*0+*-:.$%/-+)/:#V)("#$;-$,)-5#/)Z[ZP6)*4);-0,)*#)(#41)'))+&9%,'")*
"/*0+*-+/&*$",+),'+--+*$%&,'!'$%,'")*0%)(*-%*0.8"&#%,'"))*#)("+.-4(#)@`134/:)#,)-(<)JKLSB6)):%*
$%(* $/* I,&+* .,/0'.<) !#%) /:#;%) (3$8) *4) '0/#.%) #,) (3$8) *4) ,10/#.%) #,) (#) &4%/(#) 81-$*) *31%-(6)
,1-$%;+1+) *-$%) /#1,-0$#%) /:014180#%) @O0/:-#() !<) Z#-1() #,) -(<) JKKYW) T3V0$) #,) -(<) JKKYB6)
&+10,#1-0#$,)*"E,1#)+8-(#&#$,)+,4*0+%)*-$%)(#%)+,4*#%);4,41#%)/3$/#1$-$,)(#%)&4%/(#%)*-$%)
/#,,#) .3.4(-,03$<) >(%) $#) .345-0#$,) .-%) E,1#) /3$%0*+1+%) 0/0) *4) ;-0,) *#) ("0&.3%%0'0(0,+) *#)
%#8&#$,-,03$6)&E&#)&-$4#((#6).341)(#)81-$*)*31%-()#,)*#%)(0&0,#%)*#)/:-&.)*#)54#).341)(#%)
*#49)-4,1#%)&4%/(#%<)))
)
!#%)!"+88'!'+),(*0+*!"&&.-%,'")*+),&+*-+*9"-/#+*+,*-%*8"&!+*.,%'+),*$&.(+),(*#%'(*$-/(*8%'=-+()
.341)(#%)&4%/(#%)0/*!P,.*0+*-%*KLKM)74#)*4)/r,+)$3$)-;;#/,+)34)74#)/#49)1#,1345+%)/:#V)(#%)
#$;-$,%)2)*+5#(3..#&#$,),?.074#<)D$).(4%)*#)("-,13.:0#6)0:%/,&+(*8%!,+/&()-'#',+),*-+(*#/(!-+(*

! $#&!
0%)(* -+/&* $&"0/!,'")* 0+* 8"&!+B* ,+--+(* ;/+* -:')8'-,&%,'")* 6&%'((+/(+B* -+(* #"0'8'!%,'")(* 0+*
-:%&!5',+!,/&+*#/(!/-%'&+<))
!#) &4%/(#) .#/,31-() +,-0,) 2) (-) ;30%) (#) &30$%) -,13.:074#) #,) (#) &4%/(#) *3$,) (#%) /3#;;0/0#$,%) *#)
/311+(-,03$)53(4&#\;31/#)+,-0#$,)(#%).(4%)+(#5+%6)%488+1-$,)(-),13.:0/0,+)/3&&#)4$)'3$)1#;(#,)
*#) ("0&.31,-$/#) *#) ("-,,#0$,#) *"4$) &4%/(#) /:#V) (#%) #$;-$,%) -5#/) Z[ZP<) !"#90%,#$/#) *#%)
/311+(-,03$%)53(4&#\;31/#)*-$%),34%)(#%)*#81+%)*#)(0'#1,+)*#)("+.-4(#)%-4;)4$)#%,)4$)-184&#$,)
#$);-5#41)*#)("4,0(0%-,03$)*#%)53(4&#%)&4%/4(-01#%)*-$%)("+,4*#)*#)(-)8#$C%#)*#)(-)*+;31&-,03$)
8(+$3\:4&+1-(#<)))
Q/!/)+*&+-%,'")*+),&+*-:')8&%.$')+/1*+,*-%*8"&!+*+)*&",%,'")*+1,+&)+*):.,%',*&+,&"/9.+<)[$)
.#4,) *-$%) /#) /-%) ;-01#) (":?.3,:C%#) 74#) (-) %4'(49-,03$) *#) (-) ,E,#) :4&+1-(#) #$) -110C1#6) #$)
*0&0$4-$,)("#%.-/#)#$,1#)("0$%#1,03$)*4)&4%/(#)0$;1-+.0$#49)%41)(-)%/-.4(-)#,)%-),#1&0$-0%3$)
%41) (":4&+14%6) &3*0;0#) %3$) '1-%) *#) (#50#1) #,) 1#$*#) (#) &4%/(#) e),13.) (3$8)f) #&.E/:-$,) (-)
/3$,1-/,03$) #;;0/-/#) *4) &4%/(#<) =$#) .,/0+* RAS) -%%3/0+#) 2) ("+,4*#) &31.:3(38074#) *#%)
+(+&#$,%) .1+%#$,+%) /0\*#%%4%6) !"),&'=/+&%',* H* %#.-'"&+&* )",&+* !"#$&.5+)('")) *#) /#,,#)
-'%#$/#)*#)1#(-,03$)#,)+5-(4#1)(-)/3$,1-/,03$)*4)&4%/(#)0$;1-+.0$#49)(31%)*#%),#$,-,05#%)*#)
&345#&#$,)#$)13,-,03$)#9,#1$#)@i<)O<)O<)P13j$)#,)-(<)JKKMW)p4135)JKKQW)U-('#1,)#,)-(<)JKLLW)
o13%%)#,)-(<)JKLcB)<!
!

! $#%!
!

???*Q)%-3(+*0/*#"/9+#+),*0/*#+#=&+*(/$.&'+/&*

!"-,,#0$,#) &4%/4(3\%74#(#,,074#) *#) ("+.-4(#) -) .341) /3$%+74#$/#) (-) -'#',%,'")* 0+(*


#"/9+#+),(*0+*-:.$%/-+*/:#V)(#%)#$;-$,%)-5#/)Z[ZP6)-5#/)4$)1#,#$,0%%#&#$,)%41)-:+)(+#=-+*
0+(*#"/9+#+),(*0+(*#+#=&+(*(/$.&'+/&(*+,*-+(*%!,'9',.(*+,*-%*$%&,'!'$%,'"))*#)/#%)#$;-$,%<))
<:.9%-/%,'")* !-')';/+* )+* $+&#+,* $%(* /)+* %)%-3(+* $&.!'(+* +,* !"#$&.5+)('9+*
='"#.!%)';/+#+),) *4) &345#&#$,) /:#V) (#%) #$;-$,%) -5#/) Z[ZP<) P0-(3/#1X3j%X0) #,) -(<) 3$,)
/3&.-1+6)%41)_K)#$;-$,%)-5#/)Z[ZP6)(-)/3,-,03$)*#)("bOH)-5#/)(#)%#4()#9-&#$)/(0$074#)#,)-5#/)
4$)%?%,C&#)*"-$-(?%#)JF)*4)&345#&#$,)(#)G)H/3.#)@b<)D<)P0-(3/#1X3j%X06)d108(#?)#,)o-(#-)
JKKYB<)>(%)1#,1345-0#$,)*#%)#11#41%)%?%,+&-,074#%)*-$%)(-)/3,-,03$)*#)("bOH)(31%)*#)("+5-(4-,03$)
/(0$074#) 50%4#((#) #,) &3$,1-0#$,) -0$%0) ("0$,+1E,) *"4$#) -$-(?%#) 74-$,0;0+#) 0$%,14&#$,-(#) *4)
&345#&#$,).341)-&+(031#1)(-).1+/0%03$)*#)(-)&#%41#)@b<)D<)P0-(3/#1X3j%X0)#,)o-(#-)JKKYB<)!#)
%?%,C&#) G) %/3.#) +,-0,) ,34,#;30%) (0&0,+) .341) ("-$-(?%#) /3&.1+:#$%05#) *4) &345#&#$,) *4)
&#&'1#)%4.+10#41).-1)%3$)/-1-/,C1#)'0*0&#$%03$$#(6)$#).#1&#,,-$,).-%)("-$-(?%#)/3&.(C,#)
*4),13$/)34)*#)("+.-4(#6).3%%+*-$,)_)*#81+%)*#)(0'#1,+)-1,0/4(-01#<)))
!#%) (3(,7#+(* "$,".-+!,&")';/+(* 0:%)%-3(+* ;/%),'8'.+* 0/* #"/9+#+),) 4,0(0%#$,) *#%)
&-174#41%) #9,#1$#%) .3%0,03$$+%) %41) *#%) 1#.C1#%) -$-,3&074#%) @o<) d4) #,) -(<) JKKcB<) Z341)
.345301)*+,#1&0$#1)(#)&345#&#$,)*#%)%,14/,41#%)#$)&345#&#$,)*-$%)(#%),130%)*0&#$%03$%)*#)
("#%.-/#) #,) -5#/) 4$#) ;1+74#$/#) *"-/740%0,03$) +(#5+#6) (#%) %?%,C&#%) 3.,074#%) &#%41#$,) (#%)
/331*3$$+#%)_F)*#)/#%)&-174#41%)@i-%.#1%)#,)-(<)JKLLW)F#%13/:#%)#,)-(<)JKLKW)b(,)O41.:?6)
d0((+$)#,)H4$$#1:-8#$)JKL_B<))!31%)*"4$)&345#&#$,6)/#%)%?%,C&#%).#1&#,,#$,)*"3',#$01)(#%)
0")).+(* !').#%,';/+(* 0+* !5%;/+* %&,'!/-%,'")* +)* TG6) #,) .#1&#,,#$,) *3$/) -4) $05#-4) *4)
&#&'1#)%4.+10#41)("#9.(31-,03$)*?$-&074#)*4)&345#&#$,)#,)%-)74-$,0;0/-,03$)*-$%)/:-74#)
-1,0/4(-,03$6) $3,-&&#$,) -4) $05#-4) *#) ("+.-4(#<) `:#V) ("#$;-$,) -5#/) Z[ZP6) (-) ;-0%-'0(0,+) #,)
("0$,+1E,) *#) ("4,0(0%-,03$) *#) /#) %?%,C&#) -4) $05#-4) *4) &#&'1#) %4.+10#41) .341) 74-$,0;0#1) (#)
&345#&#$,),10*0&#$%03$$#()#,)+5-(4#1)("0&.-/,)*"4$),1-0,#&#$,)3$,)+,+)&3$,1+%)*-$%)*#49)
+,4*#%)@s0,34%%0)#,)-(<)JKKQW)O3%74#*-)#,)-(<)JKKSB<))

! $#@!
`#%)%?%,C&#%)3$,)-4%%0).#1&0%)*#)&3$,1#1)(#%)(0&0,-,03$%)0&.31,-$,#%)*4)&345#&#$,)-/,0;)-4)
$05#-4) *#) -:%&,'!/-%,'")* 6-.)"25/#.&%-+) #,) (#%) !"#$+)(%,'")(* %/* )'9+%/* 0+* -:%&,'!/-%,'")*
(!%$/-"2,5"&%!';/+)@F4;;6)F-?-$0*:0)#,)T3V0$)JKKMW)N4%%3)#,)-(<)JKLSB<)=$#)%,,+'),+*%/*)'9+%/*
0/*!"/0+*-)+,+)3'A#/,05+#6)-5#/)4$#),#$*-$/#)2)("-48&#$,-,03$)*#)(-);(#903$)@p#10%%3$)#,)-(<)
JKLMW)O3%74#*-)#,)-(<)JKKSW)s0,34%%0)#,)-(<)JKKQB)@.-1-81-.:#)J<_B<))
D,-$,) *3$$+) (-) .3%%0'0(0,+) *#) /3&.#$%-,03$%) -4) $05#-4) *#) ("#$%#&'(#) *#%) -1,0/4(-,03$%) *4)
&#&'1#) %4.+10#41) -,,#0$,) &-0%) +8-(#&#$,) (#) .3%%0'(#) 0&.-/,) %41) (-) &3,10/0,+) *4) &#&'1#)
%4.+10#41)%-0$)*3$,)(-)*#9,+10,+).#4,)E,1#)-;;#/,+#)@bX,-t)#,)-(<)JKLRW)>&&#1&-$)#,)-(<)JKLJW)
O-,,:#j%)JKLRB6)/)+*%)%-3(+*0/*#"/9+#+),*0+(*0+/1*#+#=&+(*(/$.&'+/&(*0%)(*/)*6&"/$+*
0:+)8%),(*KLKM*$%&*&%$$"&,*H*0+(*+)8%),(*UG*$+&#+,,&%',*0+*!%&%!,.&'(+&*-+(*($.!'8'!',.()*4)
&345#&#$,)/:#V)(#%)+)8%),(*%9+!*KLKM<)))
F-$%) (#) ,1-5-0() /0\*#%%34%6) -?-$,) .341) 3'A#/,0;) *#) /-1-/,+10%#1) (#) &345#&#$,) *#%) *#49)
&#&'1#%) %4.+10#41%) *-$%) 4$) 8134.#) *"#$;-$,%) -5#/) Z[ZP) .-1) 1-..31,) 2) *#%) #$;-$,%) -5#/)
*+5#(3.#&#$,),?.074#6)*#%),a/:#%),#%,-$,)%.+/0;074#&#$,)-:%#$-',/0+*0+(*#"/9+#+),()0+*
-:.$%/-+* .,%'+),* .9%-/.+() +,-$,) *3$$+) ("-,,#0$,#) 0&.31,-$,#) /3$$4#) 2) /#) $05#-4<) b;0$) *#)
/3$$-],1#)(#%)%,1-,+80#%)*#)&345#&#$,)4,0(0%+#%)(31%)*#),a/:#%)743,0*0#$$#%)#,)("#;;0/-/0,+)*#)
/#((#%\/06),&"'(*,N!5+(*8")!,'"))+--+().,%'+),*.9%-/.+(<)!31%)*#)/#%),a/:#%);3$/,03$$#((#%6)(#%)
.-1-&C,1#%)%.-,03\,#&.31#(%)+,-0#$,)&#%41+%)-;0$)*"+5-(4#1)(-).#1;31&-$/#)*4)&345#&#$,<))
)
`#,) -1,0/(#) #%,) #$) .1+.-1-,03$) .341) 4$#) %34&0%%03$) *-$%) o-0,) -$*) Z3%,41#<) !-) 1#(#/,41#) *#)
("b$8(-0%)$"-).-%)#$/31#)+,+)1+-(0%+#<)!#%)-..#$*0/#%)%#13$,),1345+%)#$)-$$#9#)S<)

! $$#!
A5.""E;*9",#*+,6%'$--".'%*9>'9+D"9",&')56.6)&".*#&*)#'*,')5*%;.",'4*&5'
>.6)5*6%'-%"P$#'>*.&5'-6%#8''
'
'
=(-+0,)**)!7630$:!5:!9.,(+)/!>)FB)-)/-5:;:<:!g.,(.-+3)!E*,)-M:!P+.3)!P.F+.36M:!A?*G.+3!

c-61(.-2$:5:;:<t!

!
$
7)2+.,-+1!-)(.8+*+,.,+63!2)B.-,F)3,:!J632.,+63!]>PlA:!c-)0,:!J-.31)!
5
>.86-.,6+-)!2)!'-.+,)F)3,!2)!*q]346-F.,+63!9k2+1.*):!]eA^\9!h$$#$:!c-)0,:!J-.31)!!
;
h3+G)-0+,k!2)!c-),.H3)!b11+2)3,.*):!c-)0,:!J-.31)!!
<
79\!2)B.-,F)3,:!=a\h!2)!c-)0,:!a6B+,.*!96-G.3:!c-)0,:!J-.31)!
M
J/31,+63.*!.32!EBB*+)2!c+6F)1(.3+10!A)1,+63:!\)(.8+*+,.,+63!9)2+1+3)!P)B.-,F)3,:!

e.,+63.*!]30,+,/,)0!64!a).*,(:!hAE!

'
@>#&.6)&'IST'BU1F'BUV'4+.;#'96PL'

! $$$!
K>H")&*D"'2''6!+3G)0,+H.,)!I(+1(!Y+3)F.,+1!.32!0B.,+6,)FB6-.*!B.-.F),)-0!2+44)-)3,+.,)!/BB)-!

*+F80! F6G)F)3,0! +3! 1(+*2-)3! I+,(! 680,),-+1.*! 8-.1(+.*! B*)X/0! B.*0?! Kbc77L! 4-6F! ,?B+1.**?!

2)G)*6B+3H!1(+*2-)3!K'P=LD!!

:"#*0,2!=.0)!163,-6*!0,/2?!

("&&*,02!J/31,+63.*!EBB*+)2!c+6F)1(.3+10!*.86-.,6-?:!e]a:!hAE!

J6.&*)*-6,&#2!$5!1(+*2-)3!I+,(!/3+*.,)-.*!bc77!KF).3!.H)![!$$D&!?).-0!KAP!<D5L!?).-0L!.32!$$!

'P=!K.H)[$#D@!KAP!5DMLL!!

N,&".D",&*+,#2!36,!.BB*+1.8*)!

<6*,'+$&)+9"'9"6#$."#2!'(-))V2+F)30+63.*!F6,+630!64!86,(!/BB)-!*+F80!64!1(+*2-)3!I+,(!

bc77!.32!64!,()!363V26F+3.3,!*+F8!64!'P!1(+*2-)3!I)-)!16**)1,)2!2/-+3H!,()!)X)1/,+63!64!M!

0(6/*2)-!.FB*+,/2)!,.0Y0!.32!;!4/31,+63.*!,.0Y0D!'6,.*!.1,+G)!-.3H)!64!F6,+63!K\b9L!0,.-,!.32!

0,6B!.3H*)0!I)-)!1.*1/*.,)2D!g+3)F.,+10!8),I))3!H-6/B0!I)-)!16FB.-)2!/0+3H!,()!E-F!7-64+*)!

A16-)D!AB.,+6V,)FB6-.*!B.-.F),)-0!I)-)!16FB/,)2!46-!,()!4/31,+63.*!,.0Y0D!

!"#$%&#2''

AB.,+6V,)FB6-.*! B.-.F),)-0! 2+2! 36,! 2+44)-! 8),I))3! H-6/B0! 46-! F60,! 64! ,()! ,.0Y0D! A+H3+4+1.3,!

1(.3H)0!I)-)!46/32!2/-+3H!.**!,()!,.0Y0!.,!,()!H*)36V(/F)-.*!W6+3,:!)0B)1+.**?!+3!,()!-6,.,+63!

B*.3):!8/,!.*06!63!.**!,()!6,()-!0)HF)3,OW6+3,0!K,-/3Y:!01.B/*6V,(6-.1+1:!)*86I:!I-+0,LD!J6-!.**!

,()!,.0Y0:!1(+*2-)3!I+,(!bc77!(.2!0+H3+4+1.3,*?!(+H()-!E7AV016-)0!16FB.-)2!,6!'P=D!]3!,()!

/3+FB.+-)2!0+2)!64!1(+*2-)3!I+,(!bc77:!0+H3+4+1.3,!Y+3)F.,+1!2+44)-)31)0!16FB.-)2!,6!'P=!

I)-)!46/32:!)0B)1+.**?!+3!,()!0(6/*2)-!-6,.,+63!B*.3)D!

?+,)%$#*+,#2! ^44)1,+G)! F6G)F)3,0! I+,(! H662! F6,6-! 163,-6*! 8/,! I+,(! .,?B+1.*! B.,,)-30! 64!

F6G)F)3,0!I)-)!(+H(*+H(,)2!63!,()!+FB.+-)2!/BB)-!*+F8!64!1(+*2-)3!I+,(!bc77D!'()!F.W6-!

]3G6*G)F)3,! 64! ,()! H*)36V(/F)-.*! W6+3,! I.0! 1634+-F)2! .32! 16FB)30.,6-?! F6G)F)3,0! I)-)!

46/32! .,! ,()! 6,()-! *)G)*0D! 9.3.H)F)3,! 64! H*k36V(/F)-.*! F68+*+,?! .BB).-0! .0! .! Y)?! B6+3,D!

=6FB)30.,+630!I)-)!.*06!46/32!63!,()!/3+FB.+-)2!*+F8:!+3!4.G6-!64!.3!6G)-.**!)G.*/.,+63!64!

1(+*2-)3!I+,(!bc77D!!

! $$5!
!

W"8'4+.;#2!8-.1(+.*!B*)X/0!B.*0?:!/BB)-!*+F8:!Y+3)F.,+10:!0B.,+6V,)FB6-.*:!-)(.8+*+,.,+63!!

'
'
'
'
'
'
'
'
'
'
' '

! $$;!
N,&.+;$)&*+,''

b80,),-+1.*!c-.1(+.*!7*)X/0!7.*0?!Kbc77L!-)4)-0!,6!+3W/-?!,6!63)!6-!F6-)!1)-G+1.*!3)-G)!-66,0!

K=MV=%L!.32O6-!,()!4+-0,!,(6-.1+1!3)-G)!-66,!K'$L:!/0/.**?!1./0)2!8?!)X1)00+G)!,-.1,+63!2/-+3H!

8+-,(D! '()! +31+2)31)! +0! .-6/32! $DM! B)-! $###! 8+-,(0D! ]3! 63)! ,(+-2! 64! 1.0)0:! 3)-G)! -)16G)-?! +0!

+316FB*),)! 6-! .80)3,! K$:5L:! -)0/*,+3H! +3! B)-F.3)3,! +FB.+-F)3,! K$LD! '()! /BB)-! B.-,! 64! ,()!

8-.1(+.*!B*)X/0! +0! F60,!16FF63*?! .44)1,)2:!-)0/*,+3H!+3!B.-)0+0!64! 0(6/*2)-!F6G)F)3,0!.32!

)*86I! 4*)X+63! K;:<LD! b3! ,()! +FB.+-)2! 0+2):! .1,+G)! .32! B.00+G)! -.3H)! 64! F6,+630! K\b9L! .-)!

Y36I3!,6!8)!*+F+,)2!K<T"LD!!b3!,()!/3+FB.+-)2!0+2)!.*06:!B)-46-F.31)0!.-)!-)B6-,)2!,6!8)!I6-0)!

16FB.-)2! ,6! ,?B+1.**?! 2)G)*6B+3H! 1(+*2-)3! K'P=LD! b3)! 64! ,()! F.+3! H6.*0! 64! ,()! 1.-)! .32!

-)(.8+*+,.,+G)!F.3.H)F)3,!+0!,6!+FB-6G)!,()0)!F6G)F)3,0!+3!6-2)-!,6!+FB-6G)!4/31,+63!.32!

B.-,+1+B.,+63!K&:%LD!!

'()!/0)!64!,(-))V2+F)30+63.*!F6G)F)3,!.3.*?0+0!!(.G)!8))3!-)B6-,)2!+3!1(+*2-)3!I+,(!bc77!,6!

R/.3,+4?!2+44)-)31)0!I+,(!,?B+1.**?!2)G)*6B+3H!1(+*2-)3!K'P=L!+3!/BB)-!*+F8!B60+,+63!2/-+3H!

F6G)F)3,0!K@:$#LD!],!.220!,6!6/-!+30+H(,0!+3!,()!/BB)-!*+F8!F6G)F)3,!B.,(6*6H?!+3!1(+*2-)3!

I+,(!bc77!.32!B-6G+2)!G.*/.8*)!+346-F.,+63!46-!+3,)-G)3,+63!)G.*/.,+630!K$#:$$LD!=6FB.-)2!

,6!'P!1(+*2-)3!2+44)-)31)0!I)-)!(+H(*+H(,)2!.,!,()!H*)36V(/F)-.*:!01.B/*6V,(6-.1+1!.32!)*86I!

*)G)*0!I+,(!2)1-).0)2!H*)36V(/F)-.*!163,-+8/,+63:!+31-).0)2!01.B/*.,(6-.1+1!163,-+8/,+630!.32!

.! F6-)! 4*)X)2! )*86I! B60+,+63! K@T$;LD! a6I)G)-:! .! F6-)! H*68.*! .3.*?0+0! 64! 86,(! /BB)-V*+F80!

F6G)F)3,0!+0!0,+**!*.1Y+3HD!'6!6/-!Y36I*)2H):!0B.,+6,)FB6-.*!B.-.F),)-0:!I(+1(!1.3!B-6G+2)!

-)*)G.3,!+346-F.,+63!.86/,!/BB)-!*+F8!F6,6-!uB)-46-F.31)v!K$<T$"L!(.0!36,!8))3!0,/2+)2!?),!

+3! 1(+*2-)3! I+,(! bc77D! c),,)-! 1(.-.1,)-+f+3H! ,()! +FB.+-)2! .32! /3+FB.+-)2! /BB)-! *+F8!

F6G)F)3,! 64! 1(+*2-)3! I+,(! bc77! I+**! ()*B! .0! I)**! +3! /32)-0,.32+3H:! .32! ,(/0! .2.B,!

-)(.8+*+,.,+63!0,-.,)H+)0D!!

'()! .+F! 64! ,(+0! 0,/2?! I.0! ,6! +3G)0,+H.,)! I(+1(! 0B.,+6,)FB6-.*:! .32! Y+3)F.,+1! B.-.F),)-0!

68,.+3)2!4-6F!;P!F6,+63!.3.*?0+0!2+44)-)3,+.,)!/BB)-!*+F80!F6G)F)3,0!+3!1(+*2-)3!I+,(!bc77!

! $$<!
4-6F!'P=:!2/-+3H!,()!)X)1/,+63!64!M!4/**!0(6/*2)-!,.0Y0!.32!;!,.0Y0!I(+1(!0+F/*.,)2!.1,+G+,+)0!

64!2.+*?!*+G+3HD!!

b/-! (?B6,()0)0! I)-)! ,(.,! /BB)-! *+F8! 0B.,+6,)FB6-.*! .32! Y+3)F.,+1! B.-.F),)-0! I6/*2! 8)!

2+44)-)3,!8),I))3!H-6/B0!63!,()!+FB.+-)2!.32!/3+FB.+-)2!0+2)0!I+,(!F60,!0+H3+4+1.3,!1(.3H)0!

.,!,()!0(6/*2)-!*)G)*D!!

'

<"&5+;#'

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

P.,.! 4-6F! .3! 63H6+3H! ]\c! Ke.,+63.*! ]30,+,/,)! 64! =(+*2! a).*,(! .32! a/F.3! P)G)*6BF)3,:!

+3,-.F/-.*:!9P:!hAEL!.BB-6G)2!0,/2?!K$&T$@L!46-F)2!,()!8.0+0!64!,(+0!1.0)V163,-6**)2!0,/2?D!

]31*/0+63! 1-+,)-+.! I)-)Q! .H)! MT$%! ?).-0:! /3+*.,)-.*! bc77:! .32! .8+*+,?! ,6! 4*)X! .32! .82/1,! ,()!

+FB.+-)2! .-F! .,! *).0,! ;#wD! ^X1*/0+630! I)-)! .3?! 6,()-! 0+H3+4+1.3,! 3)/-6*6H+1.*! 6-! 6-,(6B)2+1!

+FB.+-F)3,:!6-,(6B)2+1!0/-H)-?!I+,(!0)1632.-?!+3,)-G)3,+630!K<L:!86,/*+3/F!,6X+3!+3W)1,+630!,6!

/BB)-! *+F80! I+,(+3! "! F63,(0:! +3.8+*+,?! ,6! 46**6I! G)-8.*! 2+-)1,+630D! 9)2+1.*! (+0,6-+)0! I)-)!

-)G+)I)2!,6!1634+-F!)*+H+8+*+,?!K4+H/-)!$LD!J/31,+63.*!)G.*/.,+63!/0+3H!9.**),!01.*)!K5#L!I.0!

B)-46-F)2!46-!.**!,()!1(+*2-)3!I+,(!bc77D!J6-!16FB.-+063!B/-B60)0:!'P=!I+,(!36!(+0,6-?!64!

3)/-6VF/01/*6V0Y)*),.*!2+06-2)-0!I)-)!.*06!-)1-/+,)2D!

'()!B-6,616*!I.0!.BB-6G)2!8?!,()!+30,+,/,+63.*!-)G+)I!86.-2!.,!,()!e.,+63.*!]30,+,/,)0!64!a).*,(:!

c),()02.:!9PD!7.-)3,0!.32!1(+*2-)3!+4!B600+8*)!B-6G+2)2!+346-F)2!1630)3,D!

,$&$!(-../(&'-*!

'(-))V2+F)30+63.*!F6,+63!64!,()!F.-Y)-0!I.0!1.B,/-)2!/0+3H!.!$#!1.F)-.!d+163!9m!0?0,)F!

Kd+163!96,+63!A?0,)F0:!bX46-2:!hgL!.,!.!-.,)!64!$##!afD!9.-Y)-0!I)-)!B*.1)2!63!,()!,-/3Y:!+3!

,()! .-F:! 63! F)2+.*! .32! *.,)-.*! )B+1632?*)0:! 63! 46-).-F! .32! 63! ,()! (.32! K5$LD! E3! .1-6F+63!

! $$M!
F.-Y)-!1*/0,)-!KE9=L!I+,(!,(-))!F.-Y)-0!I.0!B60+,+63)2!63!,()!4*.,!0/-4.1)!64!,()!.1-6F+63D!

E!01.B/*.!*61.,6-:!B*.1)2!6G)-!,()!.3H/*/0!.1-6F+/0:!.3H/*/0!+34)-+/0!.32!,-+H63/F!0B+3.):!I.0!

/0)2!,6!1.*+8-.,)!,()!01.B/*.!B60+,+63!+3!,()!E9=!4-.F)D!!

'()! F6G)F)3,! B-6,616*! 1630+0,)2! 4+-0,! +3! 0,.,+1! 1.*+8-.,+63! +3! -)0,! B60+,+63! ,6! +2)3,+4?! ,()!

.3.,6F+1.*!*.32F.-Y0!K5$LD!e)X,!1(+*2-)3!I)-)!.0Y)2!,6!B)-46-F!M!4/**!0(6/*2)-!F6G)F)3,0!

K4*)X+63:! )X,)30+63:! .82/1,+63:! .22/1,+63! .32! )X,)-3.*! -6,.,+63L! 3.F)2! ()-).4,)-! .FB*+,/2)!

,.0Y0!.32!;!,.0Y0!I(+1(!0+F/*.,)2!.1,+G+,+)0!64!2.+*?!*+G+3H!K-).1(!,6!H-.0B:!(.32!,6!,6B!64!,()!

().2:!(.32!,6!163,-.*.,)-.*!0(6/*2)-L!3.F)2!4/31,+63.*!,.0Y0D!E**!F6G)F)3,0!I)-)!B)-46-F)2!

,(-))!,+F)0!.,!0)*4V0)*)1,)2!0B))2!I+,(!,()!363V26F+3.3,!.-F!46-!'P!1(+*2-)3!.32!I+,(!86,(!

.-F0!46-!1(+*2-)3!I+,(!bc77D!96G)F)3,0!I)-)!0?0,)F.,+1.**?!1.--+)2!6/,!+3!,()!0.F)!6-2)-D!

=(+*2-)3!I+,(!bc77!B)-46-F)2!,()!0),!64!,.0Y0!+3!,()!+FB.+-)2!0+2)!.32!,()3!I+,(!,()!6,()-!

0+2)D! b-.*! +30,-/1,+630! I)-)! H+G)3! ,6! ()*B! ,()! 1(+*2-)3! ,6! B)-46-F! ,()! F6G)F)3,0! +3! .!

0,.32.-2+f)2!I.?!!

7.-,+1+B.3,0! 0).,)2! +3! .3! .-F*)00! 1(.+-! I+,(! ,()+-! 4)),! 63! ,()! H-6/32! I+,(! .3Y*)! +3! 3)/,-.*!

B60+,+63!.32!,()!(+B0!.32!Y3))0!4*)X)2!@#wD!a6-+f63,.*!.22/1,+63!I.0!B)-46-F)2!4-6F!F.X+F.*!

(6-+f63,.*!.82/1,+63D!^X,)-3.*!-6,.,+63!I.0!B)-46-F)2!I+,(!,()!.-F!0/BB6-,)2!8?!.3!)X.F+3)-!

.,! @#w! 64! .82/1,+63! 4-6F! F.X+F.*! +3,)-3.*! -6,.,+63D! J/31,+63.*! ,.0Y0! 8)H.3! I+,(! ,()! .-F!

(.3H+3H!4-))*?!.,!,()!B.-,+1+B.3,x0!0+2)D!J6-!,()!-).1(!,6!H-.0B!,.0Y:!.!1?*+32-+1.*!-62!I.0!B*.1)2!

63! .! ,.8*)! .,! )*86I! ()+H(,! .32! .,! .! 2+0,.31)! 3).-! 8/,! *)00! ,(.3! F.X+F/F! -).1(! 46-! ).1(!

+32+G+2/.*D!!

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

'()!H*)36V(/F)-.*!1)3,)-!64!-6,.,+63!I.0!)0,+F.,)2!/0+3H!,()!4/31,+63.*!F),(62!64!i.F.H)!y!

>.0)38?!K55:5;LD!hBB)-!*+F8!Y+3)F.,+10!64!,()!,-/3Y:!0(6/*2)-:!01.B/*.:!)*86I!.32!I-+0,!I)-)!

! $$"!
16FB/,)2! 46**6I+3H! ,()! ]Ac! -)16FF)32.,+630! K5$L:! /0+3H! G+0/.*! ;P! K=V96,+63:! ]31D:!

i)-F.3,6I3:!9PLD!P6/8*)!1.*+8-.,+63!I.0!/0)2!K5<:5ML!,6!8),,)-!)0,+F.,)!01.B/*.-!-6,.,+630!

2/-+3H!4*)X+63!.32!.82/1,+63!F6G)F)3,0D!P+01-),)!Y+3)F.,+1!B.-.F),)-0!+31*/2)2!,6,.*!.1,+G)!

-.3H)!64!F6,+63!K\b9:!1.*1/*.,)2!.0!,()!2+44)-)31)!8),I))3!F+3+F/F!.32!F.X+F/F!.3H*)0L!

0,.-,!.3H*)0!.32!B6+3,!64!,.0Y!.1(+)G)F)3,!K7'EL!.3H*)0D!g+3)F.,+10!I)-)!16FB.-)2!/0+3H!,()!

E-F! 7-64+*)! A16-)! KE7AL:! .! 0/FF.-?! +32)X! ,6! H-.2)! ,()! 0)G)-+,?! 64! /BB)-! *+F8! F6G)F)3,!

B.,(6*6H?:!2)16FB60)2!64!$;!E-F!d.-+.8*)!A16-)0!KEdAL!I(+1(!.-)!1.*1/*.,)2!.0!,()!\9A^!

8),I))3!,()!B6+3,!8?!B6+3,!16FB.-+063!64!,()!W6+3,!.3H*)!64!,()!+3G6*G)2!/BB)-!*+F8!.32!,()!

0.F)! W6+3,! .3H*)! 64! ,()! -)4)-)31)! 2.,.8.0)! K5"LD! J6-! ,()! 4/31,+63.*! ,.0Y0:! 0B.,+6V,)FB6-.*!

B.-.F),)-0!+31*/2+3H!F6G)F)3,!2/-.,+63K0L:!B).Y!G)*61+,?!64!,()!I-+0,!F.-Y)-!KFO0L:!,+F+3H!64!

F.X+F/F!G)*61+,?!K_L!.32!,()!+32)X!64!1/-G.,/-)!K5&L!I)-)!1.*1/*.,)2D!!

'

1&$&'+&'($.!$*$.2+'+!

g+3)F.,+1:! 0B.,+6,)FB6-.*! .32! E7A! 2.,.! I)-)! .3.*?f)2! /0+3H! \! KG)-0+63! ;D<D;LD! A,.,+0,+1.*!

.3.*?0)0!I)-)!F.2)!63!,()!.G.+*.8*)!2.,.D!9).30!.32!0,.32.-2!2)G+.,+630!8),I))3!,()!,-+.*0!46-!

.!0.F)!F6G)F)3,!I)-)!1.*1/*.,)2!46-!).1(!B.-.F),)-D!=6FB.-+0630!8),I))3!+FB.+-)2!0+2)!64!

1(+*2-)3! I+,(! bc77! .32! 363V26F+3.3,! 0+2)! 64! 'P=:! .32! 8),I))3! ,()! /3+FB.+-)2! 0+2)! 64!

1(+*2-)3!I+,(!bc77!.32!363V26F+3.3,!0+2)!64!'P=!KY+3)F.,+1:!0B.,+6!,)FB6-.*!.32!E7A!2.,.L!

I)-)!1.--+)2!6/,!/0+3H!.!9.33!C(+,3)?!h!,)0,D!'()!*)G)*!64!0+H3+4+1.3,!I.0!0),!.,!#D#MD!

!"#$%&#'

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

'I)*G)!1(+*2-)3!I+,(!bc77!K&!86?0:!M!H+-*0:!.H)![!$$D&!KAP!<D5L!?).-0L!.32!$$!'P=!K&!86?0:!

<!H+-*0:!.H)[$#D@!KAP!5DMLL!I)-)!+31*/2)2D!e6!0,.,+0,+1.*!2+44)-)31)!8),I))3!.H)0!+3!,()!,I6!

H-6/B0!I.0!46/32D!!

! $$&!
]3!,()!H-6/B!64!1(+*2-)3!I+,(!bc77:!,()!+FB.+-)2!0+2)!I.0!,()!-+H(,!0+2)!+3!%!1(+*2-)3!.32!,()!

*)4,!0+2)!+3!<!1(+*2-)3D!9).3!9.**),!01.*)!I.0!$MDM:!e.-.Y.0!)G.*/.,+63!I.0!$!46-!;!1(+*2-)3:!5!

46-!M!1(+*2-)3!.32!;!46-!<!1(+*2-)3D!'P!1(+*2-)3!I)-)!.**!-+H(,!(.32)2D!!

3-4)$%'+-*!5/&6//*!'4)$'%/7!+'7/!-8!(9'.7%/*!6'&9!:;##!<=!:;##>!$*7!*-*?7-4'*$*&!+'7/!-8!

@,!(9'.7%/*!<A,!@,>!

AB.,+6V,)FB6-.*!B.-.F),)-0!K,.8*)!$L!

96G)F)3,!,+F):!,+F+3H!64!F.X+F/F!G)*61+,?!.32!+32)X!64!1/-G.,/-)!2+2!36,!2+44)-!8),I))3!

H-6/B0!46-!.**!,()!4/31,+63.*!,.0Y0D!P/-+3H!(.32!,6!0(6/*2)-!F6G)F)3,:!1(+*2-)3!I+,(!bc77!

(.2!.!0+H3+4+1.3,*?!*6I)-!G)*61+,?!K$;_!0*6I)-LD!!

g+3)F.,+1!B.-.F),)-0!K'.8*)!5L!

=(+*2-)3!I+,(!bc77!(.2!0+H3+4+1.3,*?!(+H()-!E7AV016-)0!16FB.-)2!,6!,()!'P=D!9).3!E7A!

I)-)! -)0B)1,+G)*?! 64! 5<D<! .32! $#D%! 46-! bc77! .32! 'P=D! \)H.-2+3H! +32+G+2/.*! W6+3,! .3H*)0:!

0+H3+4+1.3,!,.0YV2)B)32)3,!2+44)-)31)0!+3!EdA!I)-)!(+H(*+H(,)2D!

B&! &9/! ./C/.! -8! &9/! &%D*E:! 1(+*2-)3! I+,(! bc77! (.2! .*,)-)2! -)0,! .32! 0,.-,+3H! B60+,+630! I+,(! .!

0+H3+4+1.3,*?!+31-).0)2!,-/3Y!-6,.,+63!I+,(!,()!+FB.+-)2!0+2)!4-63,I.-2!K2+44)-)31)!"V$#wL!.32!

*)00!*.,)-.*!,+*,!K2+44)-)31)!≅;wLD!C(+*)!B)-46-F+3H!4*)X+63:!.82/1,+63:!.32!,()!,(-))!4/31,+63.*!

,.0Y0:!1(+*2-)3!I+,(!bc77!/0)2!F6-)!\b9!+3!4*)X+63O)X,)30+63!K2+44)-)31)!;V$;wLD!E,!7'E:!

,()?!(.2!*)00!*.,)-.*!,+*,!63!,()!+FB.+-)2!0+2)!46-!4*)X+63:!.82/1,+63!.32!)X,)-3.*!-6,.,+63!,.0Y0!

K2+44)-)31)!≅"wL:!.32!+31-).0)2!,+*,!46-!-).1(!,6!H-.0B!,.0Y!K2+44)-)31)!≅<wLD!'-/3Y!-6,.,+63!EdA!

I.0!+31-).0)2!+3!.**!,()!,.0Y0D!

B&!&9/!./C/.!-8!&9/!+($)D.$:!1(+*2-)3!I+,(!bc77!0,.-,)2!)X,)-3.*!-6,.,+63!,.0Y!I+,(!*)00!.3,)-+6-!

,+*,!.32!F6-)!*.,)-.*!-6,.,+63D!'()?!0,.-,)2!(.32!,6!0(6/*2)-!.32!(.32!,6!().2!,.0Y0!I+,(!F6-)!

F)2+.*!-6,.,+63D!J6-!,()!.FB*+,/2)!,.0Y0!)X1)B,!.82/1,+63:!*6I)-!\b9!I)-)!46/32!+3!.**!B*.3)0D!

! $$%!
E0!.!-)0/*,:!.,!7'E:!,()?!(.2!*)00!B60,)-+6-!,+*,!46-!4*)X+63!K2+44)-)31)!≅$;wL:!*)00!.3,)-+6-!,+*,!

46-! )X,)30+63! .32! .22/1,+63! ,.0Y0! K2+44)-)31)! ≅$$wLD! '()?! .*06! (.2! *)00! *.,)-.*! -6,.,+63! 46-!

4*)X+63:!)X,)30+63!.32!.22/1,+63!,.0Y0!K2+44)-)31)!≅$MwLD!\)H.-2+3H!4/31,+63.*!,.0Y0:!1(+*2-)3!

I+,(!bc77!/0)2!H-).,)-!\b9!I+,(!F6-)!,+*,!46-!-).1(!,6!H-.0B!.32!(.32!,6!().2!F6G)F)3,0!

K2+44)-)31)! &V$$wL:! F6-)! -6,.,+63! 46-! -).1(! ,6! H-.0B! ,.0Y! K2+44)-)31)! ≅&wL! .32! F6-)!

B-6O-),-.1,+63!46-!(.32!,6!().2!F6G)F)3,!K2+44)-)31)!≅$$wLD!!

B&! &9/! 0./*-?9D4/%$.! ./C/.:! 1(+*2-)3! I+,(! bc77! (.2! .*,)-)2! -)0,! .32! 0,.-,+3H! B60+,+630! I+,(!

F6-)!+3,)-3.*!-6,.,+63!46-!.**!,()!,.0Y0!K2+44)-)31)!5&VM;wL!8/,!)X,)30+63:!F6-)!)*)G.,+63!46-!.**!

,()!,.0Y0!K2+44)-)31)!≅!$#wLD!'()?!4+3+0()2!,()+-!F6G)F)3,!I+,(!F6-)!+3,)-3.*!-6,.,+63!46-!.**!

,()!,.0Y0!K2+44)-)31)!5MV"$wL!8/,!(.32!,6!0(6/*2)-D!A(6/*2)-!-6,.,+63!EdA!I.0!+31-).0)2!+3!.**!

,()!,.0Y0D!>6I)-!\b9!+3!,()!,I6!6,()-!B*.3)0!I)-)!46/32!46-!,()!.FB*+,/2)!,.0Y0!KB*.3)!64!

)*)G.,+63:! 2+44)-)31)Q! &VM5D"wZ! )*)G.,+63Q! 2+44)-)31)! $#V;MwLD! J6-! -).1(! ,6! H-.0B! .32! (.32! ,6!

0(6/*2)-! ,.0Y0:! 1(+*2-)3! 4+3+0()2! ,()+-! F6G)F)3,! I+,(! .! *)00! .3,)-+6-! B60+,+63! .32! F6-)!

)*)G.,+63D!A(6/*2)-!)*)G.,+63!EdA!I.0!+31-).0)2!+3!&O%!,.0Y0D!!!

B&! &9/! /.5-6! ./C/.:! 1(+*2-)3! I+,(! bc77! (.2! .! F6-)! 4*)X)2! B60+,+63! 46-! ,()! .FB*+,/2)! ,.0Y0!

K2+44)-)31)! 55V;;wLD! '()?! /0)2! *)00! \b9! 46-! -).1(! ,6! H-.0B! .32! (.32! ,6! ().2! F6G)F)3,0!

K2+44)-)31)!≅5#wLD!'()?!4+3+0()2!(.32!,6!0(6/*2)-!,.0Y!I+,(!*)00!0/B+3.,+63!K2+44)-)31)!≅;#wLD!

.32! -).1(! ,6! H-.0B! ,.0Y! I+,(! *)00! B-63.,+63! K2+44)-)31)! ≅5MwLD! \b9! I)-)! 2)1-).0)2! 46-!

B-636O0/B+3.,+63! +3! .**! ,()! ,.0Y0! K2+44)-)31)! $%V;%wL! 8/,! ,(-))! K.22/1,+63:! )X,)-3.*! -6,.,+63:!

-).1(!,6!H-.0BLD!!

B&! &9/! 6%'+&! ./C/.:! 46-! ,()! (.32! ,6! ().2! ,.0Y:! H-).,)-! )X,)30+63! I.0! /0)2! K2+44)-)31)! ≅$5wLD!

968+*+,?! I.0! H-).,)-! +3! ,()! ,I6! B*.3)0! 64! F68+*+,?! 46-! .82/1,+63! ,.0Y! .32! +3! +31*+3.,+63! 46-!

.22/1,+63D!C-+0,!2)G+.,+63!EdA!I.0!+31-).0)2!+3!&O%!,.0Y0D!!

! $$@!
3-4)$%'+-*!5/&6//*!D*'4)$'%/7!+'7/!-8!(9'.7%/*!6'&9!:;##!<F=!:;##>!$*7!*-*?7-4'*$*&!

+'7/!-8!@,!(9'.7%/*!<A,!@,><@$5./!GH!$))/*7'I!G!$*7!J>!

AB.,+6V,)FB6-.*! B.-.F),)-0! K,.8*)! $L! 2+2! 36,! 2+44)-! 8),I))3! H-6/B0! 46-! ,()! 4/31,+63.*! ,.0Y0D!

E7A!I)-)!0+H3+4+1.3,*?!H-).,)-!)X1)B,!46-!4*)X+63!,.0YD!9).3!E7A!I)-)!-)0B)1,+G)*?!64!$<:"!

.32!$#D%!46-!bc77!.32!'P!1(+*2-)3D!E,!,()!,-/3Y!*)G)*:!*.,)-.*!,+*,0!.32!-6,.,+630!I)-)!-)G)-0)2!

.32!EdA!I)-)!0+H3+4+1.3,*?!(+H()-D!E,!,()!H*)36V(/F)-.*!*)G)*:!1(+*2-)3!I+,(!bc77!(.2!F6-)!

+3,)-3.*! -6,.,+63! .,! ,()! 0,.-,! 64! ,()! F6G)F)3,! 46-! 4*)X+63! .32! .82/1,+63! K2+44)-)31)! $#V$&wL:!

*).2+3H!,6!H-).,)-!+3,)-3.*!-6,.,+63!.,!,()!0(6/*2)-!*)G)*!K4*)X+63:!.82/1,+63:!)X,)30+63LD!E,!7'E:!

,()?!(.2!*)00!)X,)-3.*!-6,.,+63!46-!)X,)-3.*!-6,.,+63!,.0YD!

:*#)$##*+,'

'()! 8-.1(+.*! B*)X/0! +0! .! B)-+B()-.*! 3)/-6*6H+1.*! *)0+63D! a6I)G)-! +,! 611/-0! 8)46-)! F6,6-!

B-6H-.F0!(.G)!8))3!2)G)*6B)2!4/**?!.32!,(/0!1)3,-.*!2)G)*6BF)3,.*!1630)R/)31)0!.-)!)XB)1,)2!

+3!1(+*2-)3!I+,(!bc77:!*+Y)!1(.3H)0!+3!8-.+3!6-H.3+f.,+63!K5%T;#LD!AB)1+4+1!1630)R/)31)0!63!

,()! 2)G)*6BF)3,! 64! 1)3,-.*! F6,6-! B-6H-.F0! .-)! 0/0B)1,)2! +3! ,()! *+,)-.,/-)! K;$T;;LD! ]3!

B6B/*.,+630! I+,(! 1)3,-.*! 8-.+3! *)0+630! *+Y)! 1(+*2-)3! I+,(! 1)-)8-.*! B.*0?! K$<:;<L:! .2/*,0! I+,(!

F/*,+B*)! 01*)-60+0! K;ML! 6-! 0,-6Y)! K;"L:! F6G)F)3,0! )X(+8+,0! *)00! 0,-.+H(,! ,-.W)1,6-+)0! +3! ,()!

+FB.+-)2! /BB)-! *+F8! I+,(! 2+0163,+3/6/0! 0B.,+.*! .32! ,)FB6-.*! F6G)F)3,! ,-.W)1,6-+)0D! ]3! ,(+0!

0,/2?! (6I)G)-:! 36! 1630)R/)31)! I.0! 46/32! 63! ,+F+3H! 64! F.X+F/F! G)*61+,?! .32! +32)X! 64!

1/-G.,/-)!+3!4/31,+63.*!,.0Y0!+3!,()!+3G6*G)2!/BB)-!*+F8!64!1(+*2-)3!I+,(!bc77D!'(+0!4+-0,!-)0/*,!

+0! +3! 4.G6-! 64! .,! *).0,! .! -)*.,+G)*?! B-)0)-G)2! F6,6-! 163,-6*! +3! 1(+*2-)3! I+,(! bc77:! I(6! 1.3!

B-62/1)!0F66,(!,-.W)1,6-+)0:!0+F+*.-!,6!163,-6*0:!2)0B+,)!,()!).-*+3)00!64!,()!*)0+630D!'()0)!3)I!

2.,.!63!0B.,+6V,)FB6-.*!B.-.F),)-0!I(+1(!0(6I)2!H662!/BB)-!*+F8!F6,6-!B)-46-F.31):!.-)!+3!

! $5#!
4.G6-!64!,()!.1R/+0+,+63!64!16FB)30.,6-?!F)1(.3+0F0!.**6I+3H!1(+*2-)3!I+,(!bc77!,6!(.G)!

)44)1,+G)!F6G)F)3,0D!

=(+*2-)3!I+,(!bc77!0(6I)2!2+01)-3.8*)!2+44)-)31)0!+3!W6+3,!Y+3)F.,+10!63!,()+-!+FB.+-)2!0+2)!

16FB.-)2!,6!,()!'P=!46-!.**!,()!W6+3,0!.32!,.0Y0D!P)B)32+3H!64!,()!.FB*+,/2)!6-!4/31,+63.*!

,.0Y0:!F6G)F)3,0!.,!+32+G+2/.*!W6+3,0!16/*2!2+44)-D!!

E7A!016-)0!I)-)!R/+,)!(+H(!16FB.-)2!,6!1(+*2-)3!I+,(!1)-)8-.*!B.*0?!K$<LD!i-).,)-!EdA!I)-)!

46/32! .,! ,()! 0(6/*2)-! *)G)*! 8/,! .*06! .,! ,()! 6,()-! *)G)*0:! +31*/2+3H! *)G)*0! I(60)! F6,-+1+,?! +0!

B-)0)-G)2D!!

E0!B-)G+6/0*?!0(6I3:!F.W6-!1(.3H)0!I)-)!1634+-F)2!.,!,()!H*)36V(/F)-.*!*)G)*!I+,(!2)1-).0)!

\b9!+3!.**!,()!B*.3)0!K@:$$:$;LD!'()!(/F)-/0!I.0!F6-)!+3,)-3.**?!-6,.,)2!.,!-)0,!.32!46-!.**!,()!

,.0Y0! K$$LD! '()0)! 1(.3H)0! 1.3! 8)! )XB*.+3)2! 8?! ,()! +3G6*G)F)3,! 64! .**! ,()! 0(6/*2)-! F/01*)0!

K$%:;&:;%L!.32!,()!863)!2)46-F+,?!K$&:;@LD!\)H.-2+3H!.X+.*!-6,.,+63:!,()!+FB.+-)2!H-6I,(!I+,(!

+3,)-3.*!-6,.,+63!163,-.1,/-)0!64!,()!0/801.B/*.-+0!K<#L!.32!,()!+3,)-3.*!.32!)X,)-3.*!-6,.,6-0!

+F8.*.31)! .-)! +3G6*G)2! +3! ,()! )X,)-3.*! -6,.,+63! *+F+,.,+63! K":<$T<;LD! J6-! -).1(! ,6! H-.0B! .32!

(.32!,6!0(6/*2)-!,.0Y0:!1(+*2-)3!4+3+0()2!,()+-!F6G)F)3,!I+,(!.!*)00!.3,)-+6-!B60+,+63!.32!F6-)!

)*)G.,+63! 64! ,()! .-F! K$;L:! 0/HH)0,+3H! ,(.,! *)00! .3,)-+6-! )*)G.,+63! F+H(,! 8)! ).0+)-! 46-! ,()0)!

1(+*2-)3D!E,!,()!01.B/*.!*)G)*:!46-!,()!.FB*+,/2)!,.0Y0:!2)1-).0)!\b9!I)-)!46/32:!I(+1(!1.3!

8)!-)*.,)2!,6!,()!2)1-).0)!+3!.FB*+,/2)0!.,!,()!H*)36V(/F)-.*!*)G)*D!J6-!,()!4/31,+63.*!,.0Y0:!

H-).,)-!01.B/*.!\b9!I+,(6/,!H-).,)-!H*)36V(/F)-.*!\b9!I)-)!46/32!+3!06F)!1.0)0:!+3!4.G6-!

64!,()!01.B/*6V(/F)-.*!-(?,(F!2+0,/-8.31)!.32!.!H-).,)-!163,-+8/,+63!64!,()!01.B/*6V,(6-.1+1!

W6+3,!46-!,()0)!F6G)F)3,0!K@T$5LD!!

E,!,()!,-/3Y!*)G)*:!.3!+31-).0)2!,-/3Y!-6,.,+63!I+,(!,()!+FB.+-)2!0+2)!4-63,I.-2!I.0!(+H(*+H(,)2!

.,!,()!0,.-,!8/,!36,!.,!,()!)32!64!,()!F6G)F)3,:!+3!4.G6-!64!.3!+FB.+-)2!B60+,+63!I+,(!B600+8+*+,+)0!

64! 16--)1,+63! .32! 16FB)30.,+630! ,6! .G6+2! +FB.+-)2! /BB)-! *+F8! ,6! 8)! )G)3! F6-)! +3,)-3.**?!

-6,.,)2D!'()!2)1-).0)!64!,()!*.,)-.*!,+*,!(+H(*+H(,)2!46-!,()!.FB*+,/2)!,.0Y0!16/*2!8)!*+3Y)2!I+,(!

! $5$!
,()! -)2/1)2! H*)36V(/F)-.*! \b9D! '()! +31-).0)! 64! ,-/3Y! 4*)X+63! 46-! 4*)X+63:! .82/1,+63:! .32!

4/31,+63.*!,.0Y0!16/*2!.+F!,6!+31-).0)!,()!F68+*+,?!64!,()!+FB.+-)2!/BB)-!*+F8!.32!16FB)30.,)!

,()!H*)36V(/F)-.*!+3G6*GF)3,D!!

E,!,()!)*86I!*)G)*:!.0!B-)G+6/0*?!0(6I3:!.!F6-)!4*)X)2!)*86I!B60+,+63!I.0!46/32!I+,(!-)2/1)2!

\b9!K$#:$5:$;LD!\b9!2)1-).0)!46-!B-636O0/B+3.,+63!I.0!)XB)1,)2!8)1./0)!64!,()!4-)R/)3,!

+3G6*G)F)3,!64!,()!0/B+3.,6-!F/01*)0!+3!,()0)!1(+*2-)3D!A6F)!16FB)30.,+630!I)-)!(+H(*+H(,)2!

46-!,()!-).1(!,6!H-.0B!,.0Y:!2/-+3H!I(+1(!1(+*2-)3!4+3+0()2!I+,(!*)00!B-63.,+63!B600+8*?!,6!I)**!

6-+)3,.,)!,()!+3,)-3.*!-6,.,)2!/BB)-!*+F8!,6!.1(+)G)!,()!,.0YD!!

>.0,*?:!-)H.-2+3H!I-+0,!W6+3,:!H-).,)-!F68+*+,?!+3!,()!0.H+,,.*!B*.3)!I.0!46/32!46-!.82/1,+63!.32!

.22/1,+63!,.0Y0:!,(.,!1.3!8)!+3,)-B-),)2!.0!.3!.,,)FB,!,6!+31-).0)!,()!F68+*+,?!64!,()!/BB)-!*+F8D!!

]3! ,(+0! .-,+1*):! I)! 1634+-F)2! ,()! B-)26F+3.3,! +FB.+-F)3,! 64! ,()! H*)36V(/F)-.*! W6+3,! +3! ,()!

+FB.+-)2!0+2)!64!1(+*2-)3!I+,(!bc77D!E!0B)1+4+1!6-H.3+f.,+63!64!,()!F6G)F)3,!+3G6*G+3H!.**!

,()!/BB)-!*+F8!W6+3,0!I.0!.*06!(+H(*+H(,)2!I+,(!.3!+3,)-2)B)32)31)!64!,()!4/31,+63+3H!64!,()!

W6+3,0D! =630)R/)31)0! 0/1(! .0! .! 2)1-).0)! +3! .FB*+,/2)! 64! ,()! F6G)F)3,0! 6-! 16FB)30.,6-?!

F6G)F)3,0!I)-)!(+H(*+H(,)2!0(6I+3H!,()!+3,)-)0,!64!1630+2)-+3H!,()!I(6*)!/BB)-!*+F8!I()3!

)G.*/.,+3H!1(+*2-)3!I+,(!bc77D!96-)!16FB)30.,+630!I)-)!46/32!46-!4/31,+63.*!,.0Y0D!

b3!,()!/3+FB.+-)2!*+F8!64!1(+*2-)3!I+,(!bc77:!*)00!)X,)-3.*!-6,.,+63!.,!,()!8)H+33+3H!64!,()!

,.0Y0!.32!2/-+3H!F6G)F)3,!I)-)!46/32!46-!06F)!64!,()!,.0Y0!16FB.-)2!,6!'P=D!E0!36!1(.3H)!

46-!/3+FB.+-)2!,-/3Y!-6,.,+63!I.0!68G+6/0:!)X1)B,!,()!+3G)-0)!-6,.,+630!.32!,+*,!8)1./0)!64!,()!

16FB.-+0630! 64! /3+FB.+-)2! 0+2)! I+,(! ,()! 363V26F+3.3,! 0+2):! I)! 2+2! 36,! +3,)-B-),! ,(+0! .0! .!

16FB)30.,+63D!E0!1)3,-.*!F6,6-!-)6-H.3+f.,+63!I.0!0(6I3!,6!+3G6*G)!86,(!()F+0B()-)0!K;$L:!

1)3,-.*!-)6-H.3+f.,+63!64!,()!B60+,+63!.32!F6G)F)3,0!1.3!8)!R/)0,+63)2!+3!,(+0!1.0):!I+,(!.!

F+--6-+3H! 64! ,()! +3G6*G)2! .32! /3+3G6*G)2! 0+2)0D! C)! ,(/0! 8)*+)G)! ,(.,! 'P=! 0(6/*2! 0)-G)! .0!

163,-6*0!46-!4/,/-)!/BB)-!)X,-)F+,?!F6,+63!.3.*?0+0!0,/2+)0!+3!1(+*2-)3!I+,(!bc77!K<<LD!!!

! $55!
=*+3+1.*!+FB*+1.,+630!1.3!8)!2-.I3!4-6F!,()!-)0/*,0!64!,(+0!0,/2?D!'()!F.3.H)F)3,!64!,()!H*)36V

(/F)-.*! +3,)-3.*! -6,.,+63! 163,-.1,/-):! I(+1(:! .0061+.,)2! I+,(! +31-).0)2! ,-/3Y! -6,.,+63! .32!

*+F+,.,+63!64!B-636V0/B+3.,+63!*.-H)*?!2+0,/-8)2!,()!-)0,!B60+,+63!.32!F6G)F)3,!2/-+3H!.**!,()!

,.0Y0!+3!,(+0!0,/2?!+0!.!Y)?!B6+3,D!E0!)X,)-3.*!-6,.,+63!+0!3)1)00.-?!2/-+3H!(/F)-.*!)*)G.,+63:!

+3,)-3.*! -6,.,+63! 163,-.1,/-)! F.?! 4/-,()-! *+F+,! 0(6/*2)-! F6G)F)3,! K<MLD! '(/0:! .! 1.-)4/*!

F63+,6-+3H!64!.1,+G)!.32!B.00+G)!-.3H)!64!F6,+630!+3!0(6/*2)-!-6,.,+630!+0!3)1)00.-?D!96-)!2.,.!

63! ,()! ,-).,F)3,! 0,-.,)H?! 64! +3,)-3.*! -6,.,+63! 163,-.1,/-):! /0+3H! ).-*?! B.00+G)! .32! .1,+G)!

F68+*+f.,+63!+3!B(?0+6,()-.B?!K<"L:!86,/*+3/F!,6X+3!+3W)1,+630!K&L!.32!0)1632.-?!0/-H)-+)0!K<L!

.-)!I.--.3,)2D!!

'()!B-)0)31)!64!)44)1,+G)!F6G)F)3,0!+3!86,(!0+2)0!I+,(!H662!F6,6-!163,-6*!8/,!I+,(!.,?B+1.*!

B.,,)-3!64!F6G)F)3,0!R/)0,+630!,()!,?B)!64!-)(.8+*+,.,+G)!,()-.B+)0!,6!0),!/B!+3!,(+0!B.,(6*6H?D!

h0)!64!,)1(3+R/)0!*+Y)!1630,-.+3,!+32/1)2!F6G)F)3,!,()-.B+)0!K<&L!1.3!8)!R/)0,+63)2:!8)1./0)!

64!,()!H662!B)-46-F.31)0!64!86,(!/BB)-!*+F80D!'()!-+0Y!64!B-)G)3,+3H!16FB)30.,+630!4-6F!8)+3H!

/0)2!.32!,(/0!*+F+,+3H!,()!)44)1,+G)3)00!64!,()!F6G)F)3,!1.3!.*06!R/)0,+63!,()-.B+)0!.+F+3H!,6!

-)0,6-)!.!,?B+1.*!B.,,)-3!64!F6G)F)3,!K<%LD!E3!+3G6*G)F)3,!64!,()!/3+FB.+-)2!/BB)-!*+F8!I.0!

0/0B)1,)2:!4/-,()-!)G.*/.,+630!64!86,(!/BB)-!*+F80!.-)!I.--.3,)2!K<@LD!c+F.3/.*!,()-.B+)0!KM#L!

16/*2!8)!+3,)-)0,+3H!+4!,()!6-H.3+f.,+63!64!,()!F6G)F)3,!8),I))3!/BB)-!*+F80!+0!.44)1,)2D!!

'()!*.-H)!3/F8)-!64!0,.,+0,+1.*!16FB.-+0630!1.--+)2!6/,!+3!,(+0!B+*6,!0,/2?!+32/1)!.!(+H(!-+0Y!64!

,?B)! $! )--6-! K06F)! 0+H3+4+1.3,! 2+44)-)31)0! F.?! (.G)! 611/--)2! 2/)! ,6! 1(.31)LD! a6I)G)-:! ,()!

1631*/0+630! I)-)! 2),)-F+3)2! 8?! 6G)-.**! 16FB.-+0630! .32! I.0! 36,! 8.0)2! 63! 0B)1+4+1!

16FB.-+0630D!J/-,()-!6-+)3,)2!0,/2+)0!+3!.!*.-H)-!B6B/*.,+63!(.G)!,6!8)!1.--+)2!6/,D!]FB6-,.3,!

G.-+.8+*+,?!+3!0B.,+6!,)FB6-.*!.32!Y+3)F.,+1!B.-.F),)-0!-)F.+3!+3!,()!+FB.+-)2!0+2)!64!1(+*2-)3!

I+,(!bc77!16FB.-)2!,6!'P!1(+*2-)3!I(+1(!1.3!8)!+3!4.G6-!64!G.-+.,+630!+3!F6,+63!0,-.,)H+)0!

.F63H!1(+*2-)3!I+,(!bc77D!J/-,()-!0,/2+)0!.-)!I.--.3,)2!,6!+2)3,+4?!F6,+63!0B)1+4+1+,+)0!.32!

B-6B60)!F6-)!+32+G+2/.*+f)2!F.3.H)F)3,0!+3!0/8H-6/B0!64!1(+*2-)3!I+,(!bc77!K@LD!!

! $5;!
!

]3!,(+0!0,/2?:!)44)1,+G)!F6G)F)3,0!I+,(!H662!F6,6-!163,-6*!8/,!I+,(!.,?B+1.*!B.,,)-3!64!W6+3,!

F68+*+,?!I)-)!(+H(*+H(,)2!63!,()!+FB.+-)2!/BB)-!*+F8!64!1(+*2-)3!I+,(!bc77D!=(.3H)0!I)-)!

.*06!(+H(*+H(,)2!63!,()!/3+FB.+-)2!*+F8D!]3G6*G)F)3,!64!,()!H*)36V(/F)-.*!W6+3,!I.0!1634+-F)2!

63!,()!+FB.+-)2!*+F8:!)0B)1+.**?!+3!,()!-6,.,+63!B*.3):!I+,(!+FB.1,0!,()!F68+*+,?!64!6,()-!W6+3,0D!

9.3.H)F)3,!64!+3,)-3.*!-6,.,+63!163,-.1,/-)!.BB).-0!,(/0!.0!.!Y)?!B6+3,!+3!,()!F.3.H)F)3,!64!

1(+*2-)3!I+,(!bc77!,6!+FB-6G)!.**!/BB)-V*+F8!F6G)F)3,0D!!

!"3".",)"#'

$D!! =(./(.3! A7:! c*.1YI)**! Ac:! E3.3,(! =dD! e)63.,.*! 8-.1(+.*! B*)X/0! B.*0?Q! +31+2)31):!
B-)G.*)31):!.32!,)FB6-.*!,-)320D!A)F+3!7)-+3.,6*D!5#$<!j/3Z;%K<LQ5$#T%D!!

5D!! a6)Y0F.!EJ:!,)-!A,))H!E9:!e)*+00)3!\iaa:!G.3!b/I)-Y)-Y!Cj\:!>.3Y(6-0,!ij:!2)!
j63H!cED!e)/-6*6H+1.*!-)16G)-?!+3!680,),-+1!8-.1(+.*!B*)X/0!+3W/-+)0Q!.3!(+0,6-+1.*!16(6-,!
0,/2?D!P)G!9)2!=(+*2!e)/-6*D!5##<!J)8Z<"K5LQ&"T%;D!!

;D!! G.3!P+WY!ji:!7632..H!C:!9.*)00?!9jD!b80,),-+1!*)0+630!64!,()!8-.1(+.*!B*)X/0D!9/01*)!
e)-G)D!5##$!e6GZ5<K$$LQ$<M$T"$D!!

<D!! 7).-*!9>D!A(6/*2)-!B-68*)F0!+3!1(+*2-)3!I+,(!8-.1(+.*!B*)X/0!8+-,(!B.*0?Q!)G.*/.,+63!.32!
F.3.H)F)3,D!j!EF!E1.2!b-,(6B!A/-HD!5##@!EB-Z$&K<LQ5<5TM<D!!

MD!! j/*Y.! E:! d.32)-! a.G)! g>D! A(6/*2)-! 0)R/)*.)! 64! 3)63.,.*! 8-.1(+.*! B*)X/0! +3W/-+)0Q!
6-,(6B)2+1!.00)00F)3,!.32!F.3.H)F)3,D!j!7)2+.,-!\)(.8+*!9)2D!5#$$Z<K5LQ$;$T<#D!!

"D!! d.3!i)*)+3!d+,-+3H.!d9:!j.0B)-0!\:!9/**)32)-!9:!b/I)-Y)-Y!Cj:!d.3!P)-!A*/+W0!jED!
^.-*?!)44)1,0!64!F/01*)!.,-6B(?!63!0(6/*2)-!W6+3,!2)G)*6BF)3,!+3!+34.3,0!I+,(!/3+*.,)-.*!
8+-,(!8-.1(+.*!B*)X/0!+3W/-?D!P)G!9)2!=(+*2!e)/-6*D!5#$$!J)8ZM;K5LQ$&;T%D!!

! $5<!
&D!! i68),0!P:!c)1Y)-F.3!a:!2)!i-66,!d:!d.3!P66-3V>66HF.3!9a:!c)1()-!jiD!]32+1.,+630!
.32!)44)1,0!64!86,/*+3/F!,6X+3!E!46-!680,),-+1!8-.1(+.*!B*)X/0!+3W/-?Q!.!0?0,)F.,+1!*+,)-.,/-)!
-)G+)ID!P)G!9)2!=(+*2!e)/-6*D!5#$#!j/3ZM5K"LQM$&T5%D!!

%D!! >6/2)3!^j:!c-6)-+3H!=E:!9)(*F.3!=':!>+BB)-,!C=:!7-.,,!j:!g+3H!^=D!9),.V.3.*?0+0!64!
4/31,+63! .4,)-! 0)1632.-?! 0(6/*2)-! 0/-H)-?! +3! 3)63.,.*! 8-.1(+.*! B*)X/0! B.*0?D! j! 7)2+.,-!
b-,(6BD!5#$;!A)BZ;;K"LQ"M"T";D!!

@D!! \/006! AE:! g6f+3! Aa:! n*6,6*6I! PE:! '(6F.0! gJ:! a/*8)-,! \>:! 9.,,063! j9:! ),! .*D!
A1.B/*6,(6-.1+1! .32! H*)36(/F)-.*! 163,-+8/,+630! ,6! F6,+63! +3! 1(+*2-)3! I+,(! 8-.1(+.*!
B*)X/0!8+-,(!B.*0?D!j!A(6/*2)-!^*86I!A/-HD!5#$<!9.-Z5;K;LQ;5&T;%D!!

$#D!! J+,6/00+! J:! 9./-)*! e:! P+6B! E:! >..00)*! ^9:! ]*(.--)86-2)! c:! 7-)0)26! E:! ),! .*D! hBB)-!
)X,-)F+,?! Y+3)F.,+10! .3.*?0+0! +3! 680,),-+1.*! 8-.1(+.*! B*)X/0! B.*0?D! b-,(6B.)2+10! y!
'-./F.,6*6H?Q!A/-H)-?!y!\)0).-1(D!5##@!A)B!$Z@MKMLQ;;"T<5D!!

$$D!! P/44! Ad:! P.?.3+2(+! A:! g6f+3! AaD! E0?FF),-+1.*! 0(6/*2)-! Y+3)F.,+10! +3! 1(+*2-)3! I+,(!
8-.1(+.*!B*)X/0!8+-,(!B.*0?D!=*+3+1.*!c+6F)1(.3+10D!5##&!j/*!$Z55K"LQ";#T%D!!

$5D!! a)-+0063!b:!9./-)*!e:!P+6B!E:!>)!=(.,)*+)-!9:!=.F863Vc+32)-!E:!J+,6/00+!JD!A(6/*2)-!
.32!)*86I!Y+3)F.,+10!2/-+3H!,()!9.**),!016-)!+3!680,),-+1.*!8-.1(+.*!B*)X/0!B.*0?D!=*+3+1.*!
c+6F)1(.3+10D!5#$&!9.-!$Z<;Q$T&D!!

$;D!! 960R/)2.!':!j.F)0!9E:!7),/0Y)?!g:!c.H*)?!E:!E82.*.!^:!\.8!iD!g+3)F.,+1!E00)00F)3,!
64!,()!hBB)-!^X,-)F+,?!+3!c-.1(+.*!7*)X/0!c+-,(!7.*0?D!j6/-3.*!64!7)2+.,-+1!b-,(6B.)2+10D!
5##<!P)1Z5<K"LQ"@MD!!

$<D!! j.0B)-0!^:!P)0*66G)-)!g:!c-/?3+31YX!a:!g*+3H)*0!g:!96*)3.)-0!i:!E)-,8)*+z3!^:!),!.*D!
'(-))V2+F)30+63.*! /BB)-! *+F8! F6G)F)3,! 1(.-.1,)-+0,+10! +3! 1(+*2-)3! I+,(! ()F+B*)H+1!
1)-)8-.*!B.*0?!.32!,?B+1.**?!2)G)*6B+3H!1(+*2-)3D!\)0).-1(!+3!P)G)*6BF)3,.*!P+0.8+*+,+)0D!
5#$$!e6G!$Z;5K"LQ55%;T@<D!!

$MD!! E*,! 9/-B(?! 9:! C+**k3! =:! A/33)-(.H)3! gAD! \)0B630+G)3)00! 64! hBB)-! ^X,-)F+,?!
g+3)F.,+1! 9).0/-)0! .32! =*+3+1.*! ]FB-6G)F)3,! P/-+3H! ,()! J+-0,! '(-))! 963,(0! E4,)-!
A,-6Y)D!e)/-6-)(.8+*!e)/-.*!\)B.+-D!5#$;!e6G!$Z5&K@LQ%<<TM;D!!

$"D!! 9.,)6!A:!\68?Vc-.F+!E:!\)+**?!g':!\600),,+!l:!=6**),!=:!\62)!iD!hBB)-!*+F8!Y+3)F.,+10!
.4,)-! 1)-G+1.*! 0B+3.*! 16-2! +3W/-?Q! .! -)G+)ID! j6/-3.*! 64! e)/-6^3H+3))-+3H! .32!
\)(.8+*+,.,+63D!5#$M!j.3!;#Z$5K$LQ@D!!

$&D!! c-61(.-2!A:!96f+3H6!jP:!E*,)-!g^:!A())(.3!J'D!'(-))!2+F)30+63.*+,?!64!H*)36V(/F)-.*!
2)46-F+,+)0!+3!680,),-+1.*!8-.1(+.*!B*)X/0!B.*0?D!j!b-,(6B!\)0D!5#$"!EB-Z;<K<LQ"&MT%5D!!

$%D!! 7630! =:! A())(.3! J':! ]F! aA:! c-61(.-2! A:! E*,)-! g^D! A(6/*2)-! F/01*)! .,-6B(?! .32! +,0!
-)*.,+63!,6!0,-)3H,(!*600!+3!680,),-+1.*!8-.1(+.*!B*)X/0!B.*0?D!=*+3!c+6F)1(!Kc-+0,6*:!EG63LD!
5#$&!b1,Z<%Q%#T&D!!

$@D!! 9.?4+)*2! =a:! g/YY)! Ae:! c-61(.-2! A:! A,.3*)?! =j:! E*,)-! g^:! P.F+.36! P>D! ]3,)-VW6+3,!
166-2+3.,+63! .3.*?0+0! 64! -).1(V,6VH-.0B! Y+3)F.,+10! +3! 1(+*2-)3! .32! .26*)01)3,0! I+,(!
680,),-+1.*!8-.1(+.*!B*)X/0!B.*0?D!=*+3+1.*!c+6F)1(.3+10D!5#$&!j/*!$Z<"Q$MT55D!!

! $5M!
5#D!! 9.**),! jD! Sb80,),-+1.*! B.-.*?0+0! 64! ,()! 8-.1(+.*! B*)X/0D! ]]D! '()-.B)/,+10D! '-).,F)3,! 64!
0)R/)*.)D!7-+6-+,?!46-!,()!,-).,F)3,!64!,()!0(6/*2)-D!9),(62!46-!,()!)XB-)00+63!64!-)0/*,0UD!
\)G!=(+-!b-,(6B!\)B.-.,-+1)!EBB.-!96,D!$@&5ZM%QA/BB*!$Q$""V$"%D!!

5$D!! C/!i:!G.3!2)-!a)*F!J=':!KP+-Yj.3L!d))H)-!a^j:!9.Y(06/0!9:!d.3!\6?!7:!E3H*+3!=:!),!
.*D!]Ac!-)16FF)32.,+63!63!2)4+3+,+630!64!W6+3,!166-2+3.,)!0?0,)F0!64!G.-+6/0!W6+3,0!46-!
,()!-)B6-,+3H!64!(/F.3!W6+3,!F6,+63{7.-,!]]Q!0(6/*2)-:!)*86I:!I-+0,!.32!(.32D!j6/-3.*!64!
c+6F)1(.3+10D!5##M!9.?!$Z;%KMLQ@%$T@5D!!

55D!! i.F.H)!AAah:!>.0)38?!jD!e)I!*).0,!0R/.-)0!06*/,+630!46-!)0,+F.,+3H!,()!.G)-.H)!1)3,-)!
64!-6,.,+63!.32!,()!.X+0!64!-6,.,+63D!j6/-3.*!64!c+6F)1(.3+10D!5##5!j.3!$Z;MK$LQ%&T@;D!!

5;D!! >)FB)-)/-! 9:! >)86)/4! J:! c-61(.-2! A:! \6/00),! j:! c/-2+3! d:! \kF?Vek-+0! bD! ]3! G+G6!
)0,+F.,+63! 64! ,()! H*)36(/F)-.*! W6+3,! 1)3,-)! 8?! 4/31,+63.*! F),(620Q! E11/-.1?! .32!
-)B).,.8+*+,?!.00)00F)3,D!j6/-3.*!64!c+6F)1(.3+10D!5#$#!j.3!$@Z<;K5LQ;&#T<D!!

5<D!! c-61(.-2!A:!>)FB)-)/-!9:!9.6!>:!\kF?Vek-+0!bD!'()!-6*)!64!,()!01.B/*6V,(6-.1+1!.32!
H*)36V(/F)-.*! W6+3,0! +3! /BB)-V*+F8! F6,+63! +3! 1(+*2-)3! I+,(! ()F+B*)H+1! 1)-)8-.*! B.*0?D!
=*+3+1.*!c+6F)1(.3+10D!5#$5!E/H!$Z5&K&LQ"M5T"#D!!

5MD!! >)FB)-)/-! 9:! c-61(.-2! A:! >)86)/4! J:! \kF?Vek-+0! bD! d.*+2+,?! .32! -)*+.8+*+,?! 64! ;P!
F.-Y)-! 8.0)2! 01.B/*.-! F6,+63! .3.*?0+0Q! .! 0?0,)F.,+1! -)G+)ID! j! c+6F)1(D! 5#$<! j/*!
$%Z<&K$#LQ55$@T;#D!!

5"D!! j.0B)-0! ^:! J)?0! a:! c-/?3+31YX! a:! g*+3H)*0! g:! 96*)3.)-0! i:! P)0*66G)-)! gD! '()! E-F!
7-64+*)!A16-)Q!E!3)I!0/FF.-?!+32)X!,6!.00)00!/BB)-!*+F8!F6G)F)3,!B.,(6*6H?D!i.+,!y!
760,/-)D!5#$$!j/3!$Z;<K5LQ55&T;;D!!

5&D!! a)+2)! j=! G.3! 2)-:! J61Y! j9:! b,,)3! c:! A,-)FF)*..-! ^:! a.22)-0VE*H-.! 9D! g+3)F.,+1!
=(.-.1,)-+0,+10! 64! \).1(+3H! 96G)F)3,0! +3! 7-),)-F! =(+*2-)3! I+,(! =)-)8-.*! 7.*0?D!
7)2+.,-+1!\)0).-1(D!5##M!j/3ZM&K"LQ%%;T@D!!

5%D!! E/)-!':!7+3,)-!A:!g6G.10!e:!g.*F.-!n:!e.H?!J:!a6-G.,(!\E:!),!.*D!P6)0!680,),-+1!8-.1(+.*!
B*)X/0!+3W/-?!+34*/)31)!0B))1(!26F+3.31)|!E33!e)/-6*D!5##@!j.3Z"MK$LQM&T""D!!

5@D!! c/+,)3(/+0! A:! G.3! C+W*)3Va)FB)*! \A:! 7632..H! C:! 9.*)00?! 9jED! b80,),-+1! 8-.1(+.*!
B*)X/0!*)0+630!.32!1)3,-.*!2)G)*6BF)3,.*!2+0.8+*+,?D!^.-*?!a/F!P)GD!5#$5!A)BZ%%K@LQ&;$T
<D!!

;#D!! l.3H!>jVA:!E3.32!7:!c+-1(!\D!>+F8!7-)4)-)31)!+3!=(+*2-)3!I+,(!b80,),-+1!c-.1(+.*!7*)X/0!
7.*0?D!7)2+.,-+1!e)/-6*6H?D!5##M!j/*!$Z;;K$LQ<"T@D!!

;$D!! E3H/)*6G.!id:!2)!d*/H,!^:!d.-2?!Ee:!G.3!nI),!^C:!G.3!P+WY!ji:!9.*)00?!9jE:!),!.*D!
=6163,-.1,+63!F).0/-)2!I+,(!0(6-,V-.3H)!0,+443)00!I.0!(+H()-!+3!680,),-+1!8-.1(+.*!B*)X/0!
*)0+630! B.,+)3,0! 16FB.-)2! ,6! ().*,(?! 0/8W)1,0D! j6/-3.*! 64! c+6F)1(.3+10D! 5#$&! b1,!
;Z";Q$@5T"D!!

;5D!! =6*63! Ej:! d-)2)G)*2! jC:! c*../I! iD! 96,6-! ^G6Y)2! 76,)3,+.*0! E4,)-! '-.301-.3+.*!
9.H3),+1!A,+F/*.,+63!A/BB6-,!a?B6,()0+0!64!=6)X+0,+3H!=)3,-.*!9)1(.3+0F!+3!b80,),-+1!
c-.1(+.*!7.*0?D!j6/-3.*!64!=*+3+1.*!e)/-6B(?0+6*6H?D!5##&!J)8Z5<K$LQ<%D!!

;;D!! c6?*.3!>A:!J6/*.2G.32!9D!P)G)*6BF)3,.*!.B-.X+.!.-+0+3H!4-6F!3)63.,.*!8-.1(+.*!B*)X/0!
B.*0?D!e)/-6*6H?D!5##$!J)8!5&ZM"K<LQM&"T&D!!

! $5"!
;<D!! =(.3H!jVj:!C/!'V]:!C/!CV>:!A/!JV=D!g+3)F.,+1.*!F).0/-)!46-!0B.0,+1!-).1(+3H!+3!1(+*2-)3!
I+,(!1)-)8-.*!B.*0?D!=*+3!c+6F)1(!Kc-+0,6*:!EG63LD!5##M!9.?Z5#K<LQ;%$T%D!!

;MD!! =6-63.!J:!i)-G.063+!^:!=6H()!i:!=6116!^:!J)--.-+3!9:!7./!9:!),!.*D!d.*+2.,+63!64!,()!
E-F!7-64+*)!A16-)!+3!.00)00+3H!/BB)-!*+F8!4/31,+63.*!+FB.+-F)3,0!+3!B)6B*)!I+,(!F/*,+B*)!
01*)-60+0D!=*+3+1.*!c+6F)1(.3+10D!5#$%!j.3!$ZM$Q<MTM#D!!

;"D!! '(-.3)! i:! A/33)-(.H)3! g:! 7)-0063! a! 1:! bB()+F! E:! E*,! 9/-B(?! 9D! g+3)F.,+1! /BB)-!
)X,-)F+,?!B)-46-F.31)!+3!B)6B*)!I+,(!3).-!6-!4/**?!-)16G)-)2!0)306-+F6,6-!4/31,+63!.4,)-!
0,-6Y)D!7(?0+6,()-.B?!'()6-?!.32!7-.1,+1)D!5#$%!EB-!$"Z!!

;&D!! c-61(.-2!A:!E*,)-!g:!P.F+.36!PD!A(6/*2)-!0,-)3H,(!B-64+*)0!+3!1(+*2-)3!I+,(!.32!I+,(6/,!
8-.1(+.*!7>^mhA!7E>AlD!9/01*)!e)-G)D!5#$<!j/*ZM#K$LQ"#T"D!!

;%D!! =()3H!C:!=6-3I.**!\:!=-6/1(!P>:!>+!n:!A./*!g\D!=63,-+8/,+630!64!9/01*)!]F8.*.31)!
.32!]FB.+-)2!i-6I,(!,6!760,/-.*!.32!b00)6/0!A(6/*2)-!P)46-F+,?!J6**6I+3H!c-.1(+.*!
7*)X/0!c+-,(!7.*0?Q!E!=6FB/,.,+63.*!A+F/*.,+63!E3.*?0+0D!'()!j6/-3.*!64!a.32!A/-H)-?D!
5#$M!j/3!$Z<#K"LQ$$&#T"D!!

;@D!! J-+1(! >a:! A1(F+2,! 7a:! '6-4+3H! 'D! i*)36+2! F6-B(6*6H?! +3! 680,),-+1.*! 8-.1(+.*! B*)X/0!
*)0+63Q!.!,(-))V2+F)30+63.*!16FB/,)2!,6F6H-.B(?!0,/2?D!j6/-3.*!64!A(6/*2)-!.32!^*86I!
A/-H)-?D!5#$&!E/H!$Z5"K%LQ$;&<T%5D!!

<#D!! e+Y6*.6/!A:!7),)-063!^:!g+F!E:!C?*+)!=:!=6-3I.**!\D!]FB.+-)2!i-6I,(!64!P)3)-G.,)2!
9/01*)!=63,-+8/,)0!,6!=63,-.1,/-)!J6-F.,+63!J6**6I+3H!e)63.,.*!c-.1(+.*!7*)X/0!]3W/-?D!
jcjAD!5#$$!9.-!5Z@;KMLQ<"$D!!

<$D!! C.,)-0!79:!963+1.!j':!^.-B!c^:!n/-.Y6I0Y+!P:!c.)!PAD!=6--)*.,+63!64!-.2+6H-.B(+1!
F/01*)!1-600V0)1,+63.*!.-).!I+,(!H*)36(/F)-.*!2)46-F+,?!+3!1(+*2-)3!I+,(!8-.1(+.*!B*)X/0!
8+-,(!B.*0?D!j!c63)!j6+3,!A/-H!EFD!5##@!b1,Z@$K$#LQ5;"&T&MD!!

<5D!! a6H)3266-3! A:! G.3! bG)-G)0,! g>j:! C.,,! ]:! P/+W0)30! Eac:! e)*+00)3! \iaaD! A,-/1,/-.*!
1(.3H)0!+3!F/01*)!.32!H*)36(/F)-.*!W6+3,!2)46-F+,?!+3!3)63.,.*!8-.1(+.*!B*)X/0!B.*0?D!j!
c63)!j6+3,!A/-H!EFD!5#$#!EB-Z@5K<LQ@;MT<5D!!

<;D!! 7}?(+~!'a:!e+),60G..-.!lE:!\)F)0!d9:!g+-W.G.+3)3!9b:!7)*,63)3!j]:!>.FF+3)3!E^D!
9\]! 64! -6,.,6-! 1/44! F/01*)! .,-6B(?! +3! -)*.,+63! ,6! H*)36(/F)-.*! W6+3,! +3163H-/)31)! +3!
8-.1(+.*!B*)X/0!8+-,(!+3W/-?D!7)2+.,-!\.2+6*D!5##M!EB-Z;MK<LQ<#5T@D!!

<<D!! C.3H!jA:!7),/0Y)?!g:!c.H*)?!E9:!j.F)0!9E:!\.8!iD!'()!=63,-.*.,)-.*!h3+FB.+-)2!E-F!
.0!.!=63,-6*!46-!hBB)-!^X,-)F+,?!g+3)F.,+1!E3.*?0+0!+3!=(+*2-)3!C+,(!c-.1(+.*!7*)X/0!
c+-,(!7.*0?D!j6/-3.*!64!7)2+.,-+1!b-,(6B.)2+10D!5##&!A)BZ5&K"LQ&#@D!!

<MD!! >/2)I+H!79:!\)?36*20!jJD!'()!.0061+.,+63!64!01.B/*.-!Y+3)F.,+10!.32!H*)36(/F)-.*!W6+3,!
B.,(6*6H+)0D!j!b-,(6B!AB6-,0!7(?0!'()-D!5##@!J)8Z;@K5LQ@#T$#<D!!

<"D!! c+.*61)-Y6I0Y+! E:! g/-*6I+1f! g:! d*.2/0+1! A:! i-+FF)-! gD! ^44)1,+G)3)00! 64! B-+F.-?!
1630)-G.,+G)!F.3.H)F)3,!46-!+34.3,0!I+,(!680,),-+1!8-.1(+.*!B*)X/0!B.*0?D!]3,!j!^G+2!c.0)2!
a).*,(1D!5##M!9.-Z;K5LQ5&T<<D!!

<&D!! A.3,.F.,6!E:!7.3f.!J:!\.3+)-+!9:!J+6-)!7D!^44)1,!64!86,/*+3/F!,6X+3!,?B)!E!.32!F62+4+)2!
1630,-.+3,V+32/1)2!F6G)F)3,!,()-.B?!63!F6,6-!4/31,+63!64!/BB)-!*+F8!+3!1(+*2-)3!I+,(!
680,),-+1.*!8-.1(+.*!B*)X/0!B.*0?D!=(+*20!e)-G!A?0,D!5#$$!P)1Z5&K$5LQ5$%&T@5D!!

! $5&!
<%D!! \/006!AE:!n*6,6*6I!PE:!=(.4),f!\A:!\62-+H/)f!>9:!g)**?!P:!>+3.F)3!a:!),!.*D!^44+1.1?!
64!;!,()-.B)/,+1!,.B+3H!1634+H/-.,+630!46-!1(+*2-)3!I+,(!8-.1(+.*!B*)X/0!8+-,(!B.*0?D!j!a.32!
'()-D!5#$%!A)BZ;$K;LQ;M&T&#D!!

<@D!! i.+**.-2!J:!=-),/.*!E:!=6-2+**),!A:!>)!=6-3)1!=:!i63,(+)-!=:!c6/G+)-!c:!),!.*D!g+3)F.,+1!
F6,+63!.836-F.*+,+)0!.32!8+F.3/.*!B)-46-F.31)!+3!1(+*2-)3!I+,(!/3+*.,)-.*!1)-)8-.*!B.*0?D!
P)G!9)2!=(+*2!e)/-6*D!5#$%Z"#K%LQ%;@T<MD!!

M#D!! ')-G.(./,.!9:!i+-6*.F+!i:!•8)-H!iD!^44+1.1?!64!1630,-.+3,V+32/1)2!F6G)F)3,!,()-.B?!
16FB.-)2! I+,(!8+F.3/.*! +3,)30+G)! ,-.+3+3H! +3! 1(+*2-)3! I+,(! /3+*.,)-.*! 1)-)8-.*!B.*0?Q! .!
0?0,)F.,+1!-)G+)ID!=*+3!\)(.8+*D!5#$&!e6G!$Z;$K$$LQ$<<MTM"D!

! $5%!
!

!
!

/*0$."'1'2'3%+4')56.&'
!
!
!
!
!
!
!
!
!
!
!
!
!
!

! $5@!
!
'
/*0$."' B'2' @.9' J.+3*%"' ()+."M' *9-6*.";' #*;"' +3' )5*%;.",' 4*&5' KRJJ' IN' KRJJLM' ,+,E
;+9*,6,&'#*;"'+3'A:')5*%;.",'IS:'A:?L'
€Q!B•#D#M

! $;#!
!! $%&'(!)*!+$&,-! (&./!)*!(%&/!! (&./!)*!,(*01/%$!
!! 23!435!627""8! 9:!;<==!627">8! -! 23!435!627""8! 9:!;<==!627""8! -! 23!435!627""8! 9:!;<==!627">8! -!
!! ?%&.! @3! ?%&.! @3! !! ?%&.! @3! ?%&.! @3! !! ?%&.! @3! ?%&.! @3! !!

?*A%?%.)!)B?%! "C"D! >C"E! "C"F! >C"D! >CG"! "C#F! >CH#! "CHH! >C##! >CF>! "CI>! >C#I! "CIH! >CIG! >C#E!
?&JB?0?!A%1*'B)K! "C>>! >C">! >CLH! >C"E! >CIH! "CID! >C"L! "CII! >C"D! >CHF! "C"E! >C"H! "C"I! >C"L! >C#E!
)B?B.+!*M!?&JB?0?! >C#E! >C>H! >C#E! >C>F! >CE#! >C#L! >C>G! >CH"! >CGE! >C#D! >CHL! >C>E! >CHE! >C">! >C"E!
A%1*'B)K!!
B./%J!*M!'0$A&)0$%!! >CFI! >C>G! >CF#! >C>F! >CH"! >CGF! >C>D! >CGF! >CEG! >CFE! >CGH! >C""! >CGF! >C>D! >CIE!
!! !! !! !! !! !! !! !! !! !! !! !! !! !! !! !!
!! !! !! !! !! !! !! !! !! !! !! !! !! !! !! !!
!! 23!435!627""8! :!;<==!627">8! -! 23!435!627""8! 2:!;<==!627""8! -! 23!435!627""8! :!;<==!627">8! -!
!! ?%&.! @3! ?%&.! @3! !! ?%&.! @3! ?%&.! @3! !! ?%&.! @3! ?%&.! @3! !!
?*A%?%.)!)B?%! "C"D! >C"E! "C"L! >CIE! >CF#! "C#F! >CH#! "CDI! >CD"! >C##! "CI>! >C#I! "CH"! >CHI! >CI>!
?&JB?0?!A%1*'B)K! "C>>! >C">! >CFD! >C"F! >C>L! "CID! >C"L! "C">! >C#>! >C"I! "C"E! >C"H! "C>>! >C"D! !"!#$
)B?B.+!*M!?&JB?0?! >C#E! >C>H! >C#H! >C">! >CF#! >C#L! >C>G! >CHH! >C"I! >CID! >CHL! >C>E! >CHD! >C">! >CFG!
A%1*'B)K!!
B./%J!*M!'0$A&)0$%!! >CFI! >C>G! >CF#! >C>F! >CHL! >CGF! >C>D! >CD>! >C>F! >CEI! >CGH! >C""! >CD"! >C>E! >C"#!

!
%&'()$#$*$+,&-./0-)1,/2&($,&2&1)-)2+$/3$-4)$5/5$6/1.5&5-$+.6)$/3$-7,.8&((7$6)9)(/,,.5:$84.(62)5"$.1,&.2)6$&56$;5.1,&.2)6$+.6)+$/3$84.(62)5$<.-4$
=>??$$
23!435!N!.*.!/*?B.&.)!,B/%!*M!)K-B'&11K!/%A%1*--B.+!'(B1/$%.!
9:!;<==!N!0.B?-&B$%/!,B/%!*M!'(B1/$%.!OB)(!;<==!!
:!;<==!N!B?-&B$%/!,B/%!*M!'(B1/$%.!OB)(!;<==!
2!N!.0?P%$!*M!'(B1/$%.!
!
!

! "#"!
!! !! &$?!/*O.! 6$%,)8! !! M1%JB*.! !! !! &P/0')B*.! !! %J)%.,B*.! !! !! &//0')B*.! !!
!! !! 23! :!627"I8! -! 23! :!627"I8! -! 23!627""8! :! -! 23! :!627"I8! -! 23!627""8! :! -!
627""8! 627""8! 627"I8! 627""8! 627""8!
,)&$)!&.+1%! !! !! !! !! !! !! !! !! !! !! !! !! !! !! !! !!
O$B,)! M1Q%J)! QICG! Q#CI! !! >C#! Q">C"! !! Q"ECG! QIIC>! !! "CE! QHCF! !! QIGCE! QIICF! !!
!! !$&/Q01.&$! QDC#! QIC#! !! Q"CH! Q>CI! !! QHC"! Q>CH! !! QICL! >CF! !! QECL! GC#! R!
B.'1B.&)B*.!
%1P*O! M1!%J)! I"C"! #GC"! ">CF! ##C#! RRR! DC#! #HCD! RRRR! ">CG! #GCH! RRR! >CL! ##CF! RRRR!
!! -$*Q ">GCI! L#C"! FECG! DECD! !! IFC#! DIC#! RRR! FGCG! FIC>! !! EFC#! DLC"! !!
,0-B.&)B*.!
+1%.*! -1&.%!*M! GCG! GCH! !! FCI! ECH! !! FCG! GC#! !! FC#! LC#! !! Q"GC#! "#C>! RRRR!
(0?%$&1! %1%A&)B*.!
%1%A&)B*.! Q"#CF! QIFCH! RR! QLCE! QIHCE! RR! QDCH! Q"LCF! RR! Q"ICG! QIFC"! RRR! Q#GC#! QE"CL! R!
&JB&1! Q#"C#! IC"! RR! QI#C>! GC"! R! QE#C#! >C>! RRR! QIECF! QECG! !! QGDC>! Q"#CE! RRRR!
S*)&)B*.!
,(*01/%$! -1&.%!*M! Q"CE! FCH! R! QIC#! HCF! R! Q#C>! ECE! R! Q#C>! FCE! R! QI#CL! "LCI! RRRR!
6)(*$&'*! %1%A&)B*.!
(0?%$&18!
%1%A&)B*.! Q""CE! QIIC"! R! Q">CD! Q"FC#! R! QFC>! Q"GCE! R! Q"IC>! Q"DCD! !! #>!%)!IE!A,! QGHCD! !!
H>8!
&JB&1! IC>! HGCD! RRR! Q>CF! ##CD! RRR! Q"LCE! #>CH! RRR! #C#! #HC"! RR! QELCF! Q"CD! RRRR!
S*)&)B*.!
,'&-01&! &.)Q-*,)!)B1)! Q"HCF! Q"ECH! Q"GCE! Q"#CD! !! Q"GC"! Q"HCE! !! Q"GCL! Q"HCE! !! Q">CF! QFC#! !!
?%/Q1&)! HCH! ECF! "CE! HCE! !! "CE! ICE! !! ICD! DCD! !! Q"HCL! Q"ECG! !!
$*)&)B*.!
-$*Q #>CH! #LCL! !! IGCL! #IC>! !! "LC>! IFCD! !! IECL! #HCE! !! #C#! "ICH! R!
$%)$&')B*.!
)$0.T! M1Q%J)! ECH! FCE! !! #CH! DCH! !! Q>CH! HC#! !! #CI! DCE! !! "CI! QDCI! R!
1&)!)B1)! Q>CF! IC"! >CD! #CG! R! >CL! HCH! R! Q>CI! ICI! !! Q"#C#! Q#C"! RRR!
$*)&)B*.! "CD! QHCD! R! #C#! Q#CH! RR! Q>CD! QLCD! RR! IC#! QDCG! RRR! Q"HC"! QI#C"! !!
=4U!&.+1%! !! !! !! !! !! !! !! !! !! !! !! !! !! !! !! !!

! "#I!
O$B,)! M1Q%J)! !! !! Q"#CH! QI>CE! !! Q"ECE! QIICH! !! "FC>! HCF! !! QI#CG! Q"DCF! !!
!! $&/Q01.&$! !! !! QECG! Q#C>! !! >CG! ECD! !! "CF! DC#! !! QHC>! Q#CH! !!
B.'1B.&)B*.!
%1P*O! M1!%J)! !! !! "ECF! HEC#! RR! ""CD! H#CI! RR! "CE! #ECI! RRRR! #"C"! G>CL! R!
!! -$*Q !! !! HFCD! GICE! !! F"CG! DECG! !! ""IC#! FFC"! !! EFCL! F#C>! !!
,0-B.&)B*.!
+1%.*! -1&.%!*M! !! !! ""CL! "GC#! !! ">CD! "GCD! !! QIDC>! HCD! RRRR! ELC"! #HCH! RRR!
(0?%$&1! %1%A&)B*.!
%1%A&)B*.! !! !! QLLCG! QDGCI! RR! Q">ECG! QD>CF! RRR! Q""CF! QI"CI! R! QHFCG! QEFCH! !!
&JB&1! !! !! QGIC#! Q"ECE! RRR! QE>CL! Q"#C"! RR! Q#>CF! QHCG! R! QHFCH! QHC>! RRR!
S*)&)B*.!
,(*01/%$! -1&.%!*M! !! !! I"C#! HICI! RR! IDCF! #EC"! !! QE>CF! QHCF! RRRR! EDC"! GICF! R!
6)(*$&'*! %1%A&)B*.!
(0?%$&18!
%1%A&)B*.! !! !! Q"HHCF! Q">DCH! RR! Q"HFCH! Q">"CD! RRRR! Q#ECG! Q"LCF! RR! E>CL! I#CH! !!
&JB&1! !! !! QL#CG! Q#HC#! RRRR! QFLCF! QIDCF! RRRR! "C>! IDCL! RR! LDCE! DECI! !!
S*)&)B*.!
,'&-01&! &.)Q-*,)!)B1)! !! !! "ECL! ICL! RR! DCI! "C#! !! QILCD! Q"LC"! RR! QI"CE! QLCF! R!
?%/Q1&)! !! !! QHGC"! Q#"CD! R! QH"CE! Q#"CD! !! "C#! ECF! !! Q##C>! Q"GCF! RR!
$*)&)B*.!
-$*Q !! !! I"C>! #IC#! !! #"CF! IECD! !! "HC>! IGC"! !! GFC>! G"CI! !!
$%)$&')B*.!
)$0.T! M1Q%J)! !! !! Q"#CF! Q"HCL! !! Q">CH! Q""CH! !! "EC#! LCE! !! QGCG! QECI! !!
1&)!)B1)! !! !! QLCH! Q"CL! R! Q"HCD! QLCI! RR! QDC>! >C#! RR! Q#CL! >CE! !!
$*)&)B*.! !! !! ICID! "CI! !! Q#CH! Q"HC>! !! Q"DCF! QIICH! !! #ECH! IECG! R!
S;V!&.+1%! !! !! !! !! !! !! !! !! !! !! !! !! !! !! !! !!
O$B,)! M1Q%J)! !! !! "FCH! IGC"! !! ""C#! IECL! R! I"C>! "#CF! !! "ECD! "#CL! !!
!! !$&/Q01.&$! !! !! FCD! ILCL! !! DC"! "ECL! RR! ">C#! IFCF! !! GC#! #HCG! R!
B.'1B.&)B*.!
%1P*O! M1!%J)! !! !! "GCI! "EC"! !! "#CG! "GC>! !! "#CL! ECF! RR! #HC"! #>CI! !!

! "##!
!! -$*Q !! !! #LC>! I"CH! RRR! EDCD! I>C>! RRRR! #HCH! "ICI! RRR! I#CG! "LCL! !!
,0-B.&)B*.!
+1%.*! -1&.%!*M! !! !! IECI! "FC#! R! #>CF! "GC"! RRR! #GC"! FC"! RRRR! DECF! I#CI! RRRR!
(0?%$&1! %1%A&)B*.!
%1%A&)B*.! !! !! L>CL! E#C>! RRR! LFCH! EHCI! RRRR! "IC"! LCG! !! #ICE! "DC"! RR!
&JB&1! !! !! HEC"! IHCD! RR! IDCG! I"C>! !! "HC"! ECL! RRRR! IDCG! "DCH! R!
S*)&)B*.!
,(*01/%$! -1&.%!*M! !! !! GHC>! HDC#! RR! #HCE! #"CD! !! HDCF! "ECF! RRRR! LLCL! E>CH! RRRR!
6)(*$&'*! %1%A&)B*.!
(0?%$&18!
%1%A&)B*.! !! !! "#GCI! L>CE! RRRR! "H>CH! FECE! RRRR! IDCD! GCI! RRRR! "IECD! LFC#! !!
&JB&1! !! !! ">>CI! DICH! R! D"C"! EFCL! !! "LC>! LC#! RRR! "GHC#! "IEC>! !!
S*)&)B*.!
,'&-01&! &.)Q-*,)!)B1)! !! !! #HCI! I>CE! RRR! IECF! "FCF! !! "HC"! GC>! RRR! "ECD! ">CI! !!
?%/Q1&)! !! !! HFC"! #GCE! R! HHC>! #HCD! !! FCG! ECE! R! I"C"! ">C#! RRR!
$*)&)B*.!
-$*Q !! !! IICF! "EC#! R! "DC#! "GCG! !! "HCE! LC"! R! GECD! HLCG! RR!
$%)$&')B*.!
)$0.T! M1Q%J)! !! !! "DCF! IICF! R! ">CG! "GCL! RR! "#C>! HCG! RRRR! ""CH! GCH! R!
1&)!)B1)! !! !! ""C#! LCH! !! "GCE! "ECG! !! FCE! ICF! RRR! "ICF! LCG! !!
$*)&)B*.! !! !! !! ""CI! LCE! !! DC#! ">CD! !! I"C"! "ECI! !! EGC#! HLCI! !!

!
!
!
!
!
!
!

! "#H!
!! !! %J)%$.&1!$*)&)B*.! !! S4W! !! !! X4@! !! !! X4X! !! !!
!! !! 23!627""8! :! -! 23! :!627"I8! -! 23! :!627">8! -! 23! :!627""8! -!
627"I8! 627""8! 627""8! 627""8!
,)&$)!&.+1%! !! !! !! !! !! !! !! !! !! !! !! !! !!
O$B,)! M1Q%J)! "LCD! "HCD! !! QGCD! Q"ECH! !! QFC"! QLC#! !! Q#CD! QDCF! !!
!! !$&/Q01.&$! QLCH! QHC#! !! QGC>! Q"CI! !! QGCL! Q"CF! !! QGCD! >C#! !!
B.'1B.&)B*.!
%1P*O! M1!%J)! L>CI! FECL! !! I"CI! H#CF! IIC>! ##C"! !! IICD! #ECE! !!
!! -$*Q "">CE! LIC#! !! ">#CH! LHC>! ">#CD! L"CL! !! ">HCF! FHCI! !!
,0-B.&)B*.!
+1%.*! -1&.%!*M! QIHC"! "C"! RRRR! GCL! FC#! !! GCE! DC"! !! FC"! ECE! !!
(0?%$&1! %1%A&)B*.!
%1%A&)B*.! QHHC"! QEGC>! RR! Q"IC#! QIDCL! RR! Q""C"! QIDCL! RRR! Q""CG! QIGCL! RRR!
&JB&1! Q"FCI! ""C#! R! Q#>CD! QHC#! R! QIFCD! Q#CD! R! QIFCI! QHCE! RR!
S*)&)B*.!
,(*01/%$! -1&.%!*M! QDCH! IHCE! RRRR! Q#C>! LCE! R! Q#C#! #CL! R! QICL! #CF! R!
6)(*$&'*! %1%A&)B*.!
(0?%$&18!
%1%A&)B*.! QDIC#! QDIC"! !! Q">CG! Q"FCF! RR! Q""C#! Q"DCI! !! Q""CI! Q"GCL! !!
&JB&1! "GCF! #"C"! !! "CL! #ECE! RR! "CD! ##CF! RR! ICI! #ICE! R!
S*)&)B*.!
,'&-01&! &.)Q-*,)!)B1)! QIHC>! Q"ICF! RR! Q"ECG! Q"#C"! !! Q"GC"! Q"EC>! !! Q"GCG! Q"#CI! !!
?%/Q1&)! Q">C"! Q"GCF! R! HCH! GCF! IC"! ">CE! R! ICD! LCF! R!
$*)&)B*.!
-$*Q #HCH! #"CL! !! ILCF! #ECI! !! IFC>! #"CF! !! IDCH! #ICE! !!
$%)$&')B*.!
)$0.T! M1Q%J)! GCD! IC#! !! ECE! GC#! !! HCF! ECD! !! HCG! HCI! !!
1&)!)B1)! QLC"! Q#C#! R! Q>C#! QICL! R! Q>CH! IC"! R! Q>CE! ICE! R!
$*)&)B*.! >C#! Q"FC>! RRRR! >CF! EC>! IC#! QDC"! RRR! IC>! QECL! RR!
=4U!&.+1%! !! !! !! !! !! !! !! !! !! !! !! !! !!
O$B,)! M1Q%J)! QHDCG! Q#LC>! !! QIICI! Q#>CE! !! Q">CG! Q"ICI! !! QICI! Q#IC>! RR!

! "#E!
!! !$&/Q01.&$! Q"#C"! QICF! !! Q"LC"! QGC>! R! QLCD! Q"GCH! !! Q"#C#! Q""C>! !!
B.'1B.&)B*.!
%1P*O! M1!%J)! ">#CL! DHC>! RR! EECE! EDCH! !! ""FC#! "I#CH! !! ""FCD! ""ECL! !!
!! -$*Q L"CD! D#CD! !! LHCI! GLC#! R! HECG! DEC#! RR! #GC"! HFCI! !!
,0-B.&)B*.!
+1%.*! -1&.%!*M! "CI! "GCF! R! #>CH! "FCD! R! E>CH! IFC#! RR! I"CI! "FCI! !!
(0?%$&1! %1%A&)B*.!
%1%A&)B*.! Q#LC"! QGICD! RRRR! Q#GCD! QHFCD! R! QIECL! QEFCH! RRR! QD>CL! QGGCF! !!
&JB&1! QDLC#! Q"FC"! RRRR! QHICE! QFC>! RRRR! Q"ECF! QLC>! !! QD#CD! Q#>CD! RRRR!
S*)&)B*.!
,(*01/%$! -1&.%!*M! ">C>! #HCI! RRR! #FCG! HHCI! !! EICI! G>C>! !! HHC>! #ECD! !!
6)(*$&'*! %1%A&)B*.!
(0?%$&18!
%1%A&)B*.! QGDCG! QFLC#! R! Q"EC#! Q#ECG! RRR! "GCI! >C>! !! Q""#CL! Q">#C"! !!
&JB&1! QF>CI! Q"FCD! RRRR! ">CI! #ICE! R! D>C>! HHC>! QF>CF! Q#FC>! RRRR!
S*)&)B*.!
,'&-01&! &.)Q-*,)!)B1)! HCL! "CE! !! Q"HCE! QDC>! !! Q"ECF! QGCE! R! Q#CI! LC#! R!
?%/Q1&)! QIDCL! QIGCH! !! QHCE! QDCL! !! QI#CH! QGCF! RR! Q#FCI! QIFCG! !!
$*)&)B*.!
-$*Q ECG! "DCF! R! HICF! HIC>! !! E#CI! EHCD! !! IECG! "DCF! !!
$%)$&')B*.!
)$0.T! M1Q%J)! QDCH! Q"#CI! !! EC#! ICF! !! ICL! "CF! !! Q"CE! Q"HC#! RR!
1&)!)B1)! QFCH! >CG! RR! >C"! QHCI! R! >CI! ICI! !! Q#CF! Q>C"! !!
$*)&)B*.! QGC#! QI#C>! RRRR! ""CD! >CL! !! FC>! "CG! !! "CG! QECF! R!
S;V!&.+1%! !! !! !! !! !! !! !! !! !! !! !! !! !!
O$B,)! M1Q%J)! D"CH! GDC#! !! #IC>! #"CG! !! IFC"! ILCI! !! IFCI! H>CI! R!
!! !$&/Q01.&$! ""CD! #"C"! !! "GCD! #"CF! !! ">CG! H>C"! !! "#CG! H#CE! R!
B.'1B.&)B*.!
%1P*O! M1!%J)! IECF! IHCD! !! G"CF! #FCF! RRR! ">>CH! L"CI! !! LLCI! F"CG! RR!
!! -$*Q H>CG! IDC>! !! IFC#! #HC"! !! G>CE! #>CE! RRR! DICH! HGC>! RR!
,0-B.&)B*.!

! "#G!
+1%.*! -1&.%!*M! IGC#! "GCL! R! IGCG! "HCD! RR! HHCD! I#CE! RRR! "DCH! "DCE! !!
(0?%$&1! %1%A&)B*.!
%1%A&)B*.! ""CH! "ICH! !! IGC#! IIC#! !! IHC#! #ECG! R! ELCG! H#CH! R!
&JB&1! G"CF! #>C>! RRR! "HCF! ""C>! !! IICE! "GC#! !! HGCE! ILC>! RR!
S*)&)B*.!
,(*01/%$! -1&.%!*M! "LCH! "ICD! R! HEC>! #GC#! !! EFC>! G>CG! !! HLC#! H"CF! !!
6)(*$&'*! %1%A&)B*.!
(0?%$&18!
%1%A&)B*.! ">CG! I>CH! RR! "HC"! IGCG! R! #FC#! E>CD! !! ">#CG! L>CF! !!
&JB&1! LDC"! HLCL! RRRR! I>CG! "DCE! !! DHCL! GLCI! !! FHCG! DFC>! !!
S*)&)B*.!
,'&-01&! &.)Q-*,)!)B1)! ILCH! "EC>! RRR! HCI! ""C#! RRRR! DCD! "ICD! !! "EC>! IGCE! RR!
?%/Q1&)! I>C"! ""C#! RR! ">CF! "DCI! R! IGCI! I>C>! R! H"CL! H>CH! !!
$*)&)B*.!
-$*Q ILC#! "EC#! RR! "EC"! "ICI! !! IDC>! IHCH! !! ""C>! IICI! R!
$%)$&')B*.!
)$0.T! M1Q%J)! "HCF! "ECF! !! ICE! ECH! RR! #C>! ECG! R! GCH! "LCH! RRRR!
1&)!)B1)! HCH! ECG! !! IC"! #CD! !! ICH! HCI! R! HC#! GCD! !!
$*)&)B*.! DCD! GC>! !! ""CH! "#CH! !! DCF! ">CI! !! HC>! FCD! RR!

$
%&'()$@$*$A)&5$/3$-4)$6.+82)-)$B/.5-$&5:()+$/3$-4)$5/5$6/1.5&5-$+.6)$/3$-7,.8&((7$6)9)(/,,.5:$84.(62)5$&56$.1,&.2)6$+.6)$/3$84.(62)5$<.-4$
=>??$$
23!N!.*.!/*?B.&.)C!2!N!.0?P%$!*M!'(B1/$%.C!:!N!B?-&B$%/!
Y1Q%J)!N!M1%JB*.!%J)%.,B*.C!-$*Q,0-B.&)B*.!N!-$*.&)B*.Q,0-B.&)B*.C!&.)Q-*,)!)B1)!N!&.)%$B*Q-*,)%$B*$!)B1)C!?%/Q1&)!$*)&)B*.!N!?%/B&1Q?&)%$&1!$*)&)B*.C!-$*Q$%)$&')B*.!N!-$*)$&')B*.Q
$%)$&')B*.C!1&)!)B1)!N!1&)%$&1!)B1)!
S4W!N!$%&'(!)*!+$&,-C!X4@!N!(&./!)*!,(*01/%$C!X4X!N!(&./!)*!(%&/!
!

! "#D!
!
!"#$%&#'()*)#$+"$,"))"$&)'+"$-./)%"/)$(01/)&%2)$+"$,./#1+&%"%!("$-"-3%"$#'4&%1"'%$+*/#$#./$
"/#"-3("!"#$%!&$'()*+*,%!-,.!/#(.0&$,(/,.!1,!-2')),*(),!(,%3,$.,!'$!(*3,'$!1,.!'%)*/$-')*#(.!
1#()! -,.! 4#5*-*.'),$%.! "%*(/*"'$6! .#()! '++,/)0.! 4'*.! 07'-,4,()! "#$%! /#4"%,(1%,! -,.!
.)%')07*,.! 12'1'")')*#(! 4*.,.! ,(! "-'/,! '$! (*3,'$! 1,.! '$)%,.! '%)*/$-')*#(.! 1'(.! $(! 7%#$",!
12,(+'().!'3,/!898:;!!
<(,!#)%*)&51"$+"$-.'6"-"/)$+177&%"/)"$-*1#$*6",$'/"$3.//"$4"%7.%-*/,"!/=,>!/,.!,(+'().!
&)*1)$ -./)%&";! ?2=@"#)=A.,! 12$(! 4#$3,4,()! ,++*/'/,! ,)! +#(/)*#((,-! .#$.! %0.,%3,! 1,! -'!
"#..*5*-*)0!1,!4,))%,!,(!"-'/,!1,.!/#4",(.')*#(.!'3,/!-,.!'%)*/$-')*#(.!1#()!-,.!4$./-,.!.#()!
4#*(.! #$! (#(! '++,/)0.! "'%! -'! 10(,%3')*#(! ",$)! B)%,! +#%4$-0,;! ?2'..#/*')*#(! 1,.! -*4*)')*#(.!
12'4"-*)$1,.! '%)*/$-'*%,.! '/)*3,.! ,)! "'..*3,.! ,)! 1$! 10"'..,4,()! 1,.! /'"'/*)0.! 1,!
/#4",(.')*#(! "#$%%'*)! B)%,! $(! +'/),$%! ,6"-*/')*+! 1,.! -*4*)')*#(.! 12'/)*3*)0! C:',D! E'),%.D! ,)!
F$%'G#H.G*!IJJKL;!!.%#$+"$(0&6*('*)1./$+"#$"/7*/)#$*6",$898:;$'/$&(&-"/)$,(&$<$,./#1+&%"%$
4.'%%*1)$+./,$2)%"$("#$4.##131(1)&#$+"$,.-4"/#*)1./$")$("'%#$(1-1)"#;!!
!
M'(.!/,)),!0)$1,D!-,.!'(7-,.!1,!10"'%)D!1,!+*(!,)!-,.!'4"-*)$1,.!'%)*/$-'*%,.!0)'*,()!/#4"'%0.!
1'(.! -,.! '('-@.,.! .)')*.)*&$,.;! N,)),! +1#,%&)1#*)1./$ +"#$ +.//&"#! 12'('-@.,! 1$! 4#$3,4,()!
",%4,)! $(,! .*4"-*+*/')*#(! 1,! -,$%! )%'*),4,()! 4'*.! ",$)! 07'-,4,()! B)%,! O! -2#%*7*(,!
12*(+#%4')*#(.! 4'(&$'(),.;! ?2$)*-*.')*#(! 1,! -2P8Q! '$)#%*.'*)! $(,! /#4"'%'*.#(! 7-#5'-,! 1,.!
/#$%5,.!1,!/*(04')*&$,!4'*.!.'(.!",%4,))%,!1,!3*.$'-*.,%!-,.!4#4,().!#R!-,.!4#$3,4,().!
1*++0%'*,();!!
!

! "#$!
!"#$%&'(%)*+,%'#-./'#01%2(03&.*+3/#-%#014(.50%#%*#-5#

6%67&%#'5(4&+%5&#-%#01%/8./*#.,%)#$9$:#

;#<2(03&.*+3/#!=>##

?20)$1,!1,.!3#-$4,.!1,.!4$./-,.!7-0(#S=$40%'$6!'""'%'*..'*)!"'%)*/$-*A%,4,()!*()0%,..'(),!
1'(.! -2,6"-#%')*#(! 1$! +#(/)*#((,4,()! 1,! -20"'$-,! /=,>! -,.! ,(+'().! '3,/! 103,-#"",4,()!
)@"*&$,!,)!'3,/!898:!0)'()!1#((0!-,!-*,(!3#-$4,S+#%/,!#5T,/)*30!1'(.!-,.!1,$6!"#"$-')*#(.!
C'%)*/-,.!I!,)!UL;!?,!)"-4#$/&,"##*1%"$4.'%$(*$)",=/1>'"$+"$#"5-"/)*)1./$-*/'"(("!.$%!$(!
7%'(1! (#45%,! 1,! /#$",.! $)*-*.0,! 1'(.! -,.! '%)*/-,.! I! ,)! U! /"$ 4"%-"))*1)$ ,"4"/+*/)$ 4*#$ +"$
(0')1(1#"%$#'%$+"#$4.4'(*)1./#$(*%5"#$.'$"/$4%*)1>'"$,(1/1>'";!?,.!),/=(*&$,.!1,!.,74,()')*#(!
'$)#4')*&$,.! .#()! "%#4,)),$.,.! 1$! +'*)! 1$! "#),()*,-! 7'*(! 1,! ),4".! &$2,--,.! ",%4,)),()!
C'%)*/-,!VL;!
P+*(!12'3#*%!'//A.!"-$.!+'/*-,4,()!'$6!3#-$4,.!4$./$-'*%,.!-#%.!1,!-203'-$')*#(!1,.!,(+'().!
'3,/! 898:D! $(,! ),/=(*&$,! 1,! .,74,()')*#(! $)*-*.'()! 1,.! %&#"*'?$ +"$ /"'%./"#! '! 0)0!
103,-#""0,!,)!),.)0,!'$!.,*(!1,!(#)%,!0&$*",!1,!%,/=,%/=,!C'((,6,!IL;!?,.!.,74,()')*#(.!
%0'-*.0,.!.$%!-,.!WXY!120"'$-,!1,.!,(+'().!'3,/!103,-#"",4,()!)@"*&$,!,)!'3,/!898:!"#$%!-,.!
'%)*/-,.! I! ,)! U! 0)'*,()! $)*-*.0.! ,)! .,%3'*,()! 1,! %0+0%,(/,! "#$%! -2'""%,()*..'7,! ,)! "#$%!
-203'-$')*#(! 1,! -'! .,74,()')*#(! '$)#4')*&$,! 103,-#""0,;! M,.! %0.$-)').! "'%)*/$-*A%,4,()!
*()0%,..'().! #()! 0)0! #5),($.! "#$%! -2,(.,45-,! 1,.! 4$./-,.! ),.)0.! C1,-)#*1,D! .$"%'S0"*(,$6D!
*(+%'S0"*(,$6!,)!.$5./'"$-'*%,L!C'((,6,!IL;!?,.!*4'7,.!"%#3,('*,()!/,",(1'()!)#$),.!1,!-'!
4B4,! 4'/=*(,! ,)! 1,! -'! 4B4,! .0&$,(/,D! 1,.! ),.).! %,.),()! O! %0'-*.,%! '+*(! 1,! .'3#*%! .*! -'!
.,74,()')*#(!'$)#4')*&$,!12*4'7,.!%0'-*.0,.!.$%!$(,!'$)%,!4'/=*(,!,)!$(,!'$)%,!.0&$,(/,!
,.)!"#..*5-,;!Z(!,++,)D!-,.!%0.$-)').!1,!.,74,()')*#(!",$3,()!B)%,!10",(1'().!1,.!),/=(*&$,.!
12#5),()*#(!1,.!*4'7,.!C"'%'4A)%,.!WXYD!"%0)%'*),4,()L;!<(,!"-$.!7%'(1,!5'.,!1,!1#((0,.!
12'""%,()*..'7,!/#(),('()!1,.!*4'7,.!"%#3,('()!1,!4'/=*(,.!,)!.0&$,(/,.!3'%*0,.!"#$%%'*)!
B)%,!(0/,..'*%,;!!
!

! "#%!
P$!(*3,'$!4#%"=#-#7*&$,D!/,%)'*(.!*')%"#$&(&-"/)#$,*%*,)&%1#*/)$("#$-'#,("#!"#$%%'*,()!B)%,!
'//,..*5-,.!,)!&$'()*+*'5-,.!,(!WXY!,)!#"%*1"/)$1/)&%"##*/)#$<$"?4(.%"%!."0/*+*&$,4,()!/=,>!
(0"/7*/)$*6",$898:!1'(.!$(!/'1%,!1,!%,/=,%/=,!*(*)*'-,4,()!'3,/!03'-$')*#(!1'(.!$(!.,/#(1!
),4".!1,!-2*()0%B)!1,!/,.!4,.$%,.!"#$%!-'!"%')*&$,!/-*(*&$,;!
N=,>!/,.!,(+'().D!-,.!/#,++*/*,().!1,!/#%%0-')*#(!,()%,!-,!3#-$4,!,)!-'!+#%/,!0)'*,()!"%0.,().!
4'*.!"-$.!+'*5-,.!"#$%!-,.!4$./-,.!1$!/[)0!1,!-'!898:!&$,!1$!/[)0!(#(!'++,/)0!#$!&$,!/,$6!
%,)%#$30.!/=,>!-,.!,(+'().!O!103,-#"",4,()!)@"*&$,;!?2*4"#%)'(/,!1,!(01/71()%*)1./$5%*1##"'#"!
,)! .#(! *4"-*/')*#(! 1'(.! -'! 1*4*($)*#(! 1,! 7,(A.,! 1,! +#%/,! 40%*),%'*)! 12B)%,! 03'-$0,! ,)!
&$'()*+*0,! '$! (*3,'$! 1,! -20"'$-,D! /#44,! /,-'! '! 10TO! 0)0! +'*)! '$! (*3,'$! 1$! 5%'.! 1'(.! /,)),!
"#"$-')*#(! CM$*T(*.3,-1! ,)! '-;! IJV\]! ^_-*(! ,)! '-;! IJVKL! ,(! $)*-*.'()! $(,! .0&$,(/,! M*6#(;! M,!
4B4,D!("#$)1##'#$,./@./,)17#$"#$%%'*,()!B)%,!&$'()*+*0.!,(!$)*-*.'()!$(,!.0&$,(/,!`!$-)%'!.=#%)!
,/=#!)*4,!a!CN.'"#!,)!'-;!IJVbL;!!0*%,=1)",)'%"$-'#,'(*1%"!"#$%%'*)!B)%,!0)$1*0,!,(!$)*-*.'()!-'!
)%'/)#7%'"=*,!4'*.!O!(#)%,!/#(('*..'(/,D!/,-'!(2'!"'.!,(/#%,!0)0!%0'-*.0!/=,>!-2,(+'()!'3,/!
898:!,)!-'!+'*.'5*-*)0!(0/,..*),!12B)%,!,6'4*(0,!Cc,,4.G,%G!,)!'-;!IJJd]!^='-*-!,)!'-;!IJVJL;!!
?'!(./5'"'%$-'#,'(*1%";!&$*!*4"'/),!-'!4#5*-*)0!"'..*3,!,)!'/)*3,D!,)!&$*!'!$(!%[-,!.$.",/)0!
1'(.!-'!7,(A.,!1,!-'!10+#%4')*#(!7-0(#S=$40%'-,!CN=,(7!,)!'-;!IJVd]!N%#$/=!,)!'-;!IJVbL!,.)!
,--,!'$..*!4,.$%'5-,!,(!WXY;!!
Z(+*(D!-'!,.//*1##*/,"$+"#!3%*#$+"$("61"%!1,.!4$./-,.!7-0(#S=$40%'$6!*44*%*A)$'/$4.1/)$,(&$
,="B$ ("#$ "/7*/)#$ *6",$ 898:;! Z(! ,++,)D! -'! 10+#%4')*#(! 7-0(#S=$40%'-,! -,.! 4#1*+*,!
"%#5'5-,4,();!?,.!4$./-,.!",$3,()!'-#%.!B)%,!1'(.!$(,!"#.*)*#(!"-$.!#$!4#*(.!+'3#%'5-,!"#$%!
4#5*-*.,%! -2'%)*/$-')*#(;! ?,.! 7%#$",.! +#(/)*#((,-.! 1,! 4$./-,.! *4"-*&$0.! 1'(.! -'! 4#5*-*)0! 1,!
-2'%)*/$-')*#(!7-0(#S=$40%'-,!1'(.!.,.!1*++0%,().!1,7%0.!1,!-*5,%)0!"#$%%'*,()!B)%,!4#1*+*0.;!
?2$)*-*.')*#(!1,.!5%'.!1,!-,3*,%!10)0%4*(0.!/=,>!1,.!.$T,).!'1$-),!%0"%,.,(),!$(,!-*4*),!1'(.!
-,.! '%)*/-,.! I! ,)! U;! !0.3)"/)1./$ +"$ ,"#$ 3%*#$ +"$ ("61"%$ <$ 4*%)1%$ +"#$ +.//&"#$ +01-*5"%1"$
CD*5*/*%1#$EFFGH$-&%1)"%*1)$+02)%"$)"#)&"$&)*/)$+.//&$(*$/./$4.##131(1)&$+0')1(1#*)1./$+"$(*$
-&)=.+"$ I$)"/+./$ "?,'%#1./$J$ +*/#$ ,"))"$ 4.4'(*)1./$ +0"/7*/)#$ CP(! ,)! '-;! VeKbL;! N,-'!
%,"%0.,(),! /,",(1'()! $(! /='--,(7,! ./*,()*+*&$,! '$! (*3,'$! 1,! -20"'$-,! 0)'()! 1#((0! .'!
.)%$/)$%,!/#4"-,6,!,)!.'!4#5*-*)0!1'(.!-,.!)%#*.!"-'(.!1,!-2,."'/,!'*(.*!&$,!-'!(0/,..*)0!1,!
10+*(*%!-,!/,()%,!1,!%#)')*#(!1,!-2'%)*/$-')*#(;!N,)),!1*++*/$-)0!,.)!'//%$,!"'%!-'!"%0.,(/,!1,!-'!
10+#%4')*#(!#..,$.,!4#1*+*'()!-,.!%'""#%).!,()%,!-2=$40%$.!,)!-'!7-A(,!/=,>!-,.!,(+'().!'3,/!
898:;!

! "&'!
!

?#<2(03&.*+3/#%/#./.0@'%#A5./*+8+4%#-5#635,%6%/*#

?2'('-@.,!&$'()*+*0,!1$!4#$3,4,()!",%4,))'*)!1,!4#()%,%!1,.!/='(7,4,().!/*(04')*&$,.!
'$! (*3,'$! 1,! -2,(.,45-,! 1,.! '%)*/$-')*#(.! 1$! 4,45%,! .$"0%*,$%! 1$! /[)0! ')),*()! /=,>! -,.!
,(+'().!'3,/!898:!C'%)*/-,!bL;!<(,!#%7'(*.')*#(!1*++0%,(),!4'*.!,++*/'/,!1$!4#$3,4,()!/=,>!
-,.!,(+'().!'3,/!898:!0)'*)!%,)%#$30,;!!
!
P+*(! 12'++*(,%! -'! /#4"%0=,(.*#(! 1$! 4#$3,4,()! /=,>! -2,(+'()! '3,/! 898:D! 1,.! ),/=(*&$,.!
03'-$'()!-,.!4#1*+*/')*#(.!/*(04')*&$,.!,)!-,.!1*++0%,(/,.!12#%7'(*.')*#(!1'(.!-'!/##%1*(')*#(!
1,.! 4#$3,4,().! 1,.! '%)*/$-')*#(.! .$%! -2,(.,45-,! 1$! 4#$3,4,()! ,)! (#(! $(*&$,4,()! '$!
105$)! ,)! O! -'! +*(! "#$%%'*,()! B)%,! *()0%,..'(),.;! ?'! ),/=(*&$,! 1,! I$#)*)1#)1,*($ 4*%*-")%1,$
-*441/5$J!CQ8YL!C8')'G@!IJVJL!"#$%%'*)!B)%,!$)*-*.0,!1'(.!-,.!0)$1,.!+$)$%,.!"#$%!-203'-$')*#(!
1,.! 1#((0,.! /*(04')*&$,.;! N,)),! ),/=(*&$,! ",%4,)! 1,! 10),/),%! 1,.! "0%*#1,.! 1$%'()! -,!
4#$3,4,()D!1$%'()!-,.&$,--,.!-,.!7%#$",.!),.)0.!#()!1,.!1*++0%,(/,.!/*(04')*&$,.!'$!(*3,'$!
12$(,!'%)*/$-')*#(!C8')'G@!IJVJ]!Q'()#.!,)!'-;!IJVKL;!?,.!"')),%(.!1,!/##%1*(')*#(!,()%,!-,.!
'%)*/$-')*#(.!"#$%%'*,()!B)%,!03'-$0.!O!-2'*1,!1$!I$-'()1K@.1/)$,..%+1/*)1./$-"*#'%"$J!CYfNYL!
C^$GG,!,)!'-;!IJVgL;!N,)),!40)=#1,!"%0/*.,!-'!4'(*A%,!1#()!-,.!%0.$-)').!/*(04')*&$,.!.#()!
/##%1#((0.!.,-#(!-,.!1*++0%,().!1,7%0.!1,!-*5,%)0;!N,/*!,.)!%0'-*.0!O!-2'*1,!12$(,!'('-@.,!,(!
/#4"#.'(),!"%*(/*"'-,!4,.$%'()!-,.!/#()%*5$)*#(.!1,.!1*++0%,().!1,7%0.!1,!-*5,%)0!"#$%!$(!
4#$3,4,()!C^$GG,!,)!'-;!IJVg]!Y'@+*,-1!,)!'-;!IJV\L;!!
!
Z)'()! 1#((0! -,.! 4#1*+*/')*#(.! /*(04')*&$,.! )%#$30,.! 1'(.! -2'%)*/-,! b! '$! (*3,'$! 1,.! 1,$6!
4,45%,.!.$"0%*,$%.!,)!-,!&$,.)*#((,4,()!.$%!-,!103,-#"",4,()!1,.!"%#7%'44,.!4#),$%.!
CP(7$,-#3'! ,)! '-;! IJV\]! N#-#(D! h%,1,3,-1D! ,)! :-''$H! IJJ\LD! $(! '$)%,! +'/),$%! O! -2#%*7*(,! 1,!
-*4*)')*#(.!12'/)*3*)0.!/=,>!/,.!,(+'().!"#$%%'*)!B)%,!-,$%!1*++*/$-)0!O!%0'-*.,%!'/$-.'6"-"/)$
31-*/'"(D!&$*D!O!(#)%,!/#(('*..'(/,D!(2'!"'.!,(/#%,!0)0!03'-$0!1'(.!/,)),!"#"$-')*#(;!M,.!
"%#)#/#-,.!,6*.),()!,(!'('-@.,!&$'()*+*0,!1$!4#$3,4,()!Ci'*--'%1!,)!'-;!IJVKL!"#$%!-203'-$,%!
,)!.,%'*,()!*()0%,..'().!O!),.),%!1'(.!/,)),!"#"$-')*#(;!
!
!

! "&"!
!

B#>3-40+'.*+3/#7+364)./+A5%#

N=,>!-,.!,(+'().!'3,/!898:D!-'!/#(('*..'(/,!,)!-'!/#4"%0=,(.*#(!"%0/*.,!1,!-2"/#"-3("$+"#$
&(&-"/)#$ 1/)"%6"/*/)$ +*/#$ ("$ ,"%,("$ 61,1"'?$ +"$ (*$ 4*)=.(.51"$ +"$ (0&4*'(";$ -*1#$ *'##1$ ("'%$
.%5*/1#*)1./$ +*/#$ ("$ )"-4#! ,)! -'! 4./+&%*)1./$ 1,! -2*4"#%)'(/,! 1,! /='/$(! 12,()%,! ,$6!
%,"%0.,(),! $(! ,(T,$! "#$%! -2'40-*#%')*#(! 1,! -,$%! 03'-$')*#(! ,)! 1$! /=#*6! 1,.! /*5-,.!
)=0%'",$)*&$,.;!W-!,.)!,(!,++,)!'/)$,--,4,()!",$!'*.0!1,!%'))'/=,%!"%0/*.04,()!/,.!0-04,().!
,()%,!,$6L$!*$,.//*1##*/,"$+"$(*$4=M#1.4*)=.(.51"$+'$+M#7./,)1.//"-"/)$+"$(0&4*'("$,="B$
,"#$"/7*/)#$%"#)"$+./,$1-4*%7*1)";!$
!
?2$)*-*.')*#(! 1,! 4#1A-,.! 5*#40/'(*&$,.! %,"%0.,(),! $(,! "#..*5*-*)0! 12'*1,! 1'(.! /,)),!
/#4"%0=,(.*#(;! P! (#)%,! /#(('*..'(/,D! +*/#$ )%.1#$ &)'+"#$ ,="B$ (0"/7*/)$ *6",$ 898:;$ +"#!
-.+N("#$31.-&,*/1>'"#!./)$&)&$')1(1#&#!O!/,)),!+*(!C^-,*5,%!,)!'-;!IJVU]!N%#$/=!,)!'-;!IJVb]!
N=,(7!,)!'-;!IJVdL;!!
!
M'(.!-'!"%,4*A%,!0)$1,D!$(!-.+N("$31.-&,*/1>'"$.3)"/'$<$4*%)1%$+"$+.//&"#$+0*/*(M#"$+'$
-.'6"-"/)$")$+0'/"$)",=/1>'"$+M/*-1>'"$1/6"%#"!",%4,))'*)!1,!4#()%,%!&$2$(,!%0)%'/)*#(!
,(! %#)')*#(! *(),%(,! '$! (*3,'$! 1,! -20"'$-,! 0)'*)! O! -2#%*7*(,! 12$(,! '$74,()')*#(! 1,.! +#%/,.!
'""-*&$0,.! .$%! -2'%)*/$-')*#(! )=#%'/#S=$40%'-,! -#%.! 12$(! 4#$3,4,()! 1,! +-,6*#(! ,6),(.*#(!
C^-,*5,%!,)!'-;!IJVUL;!?20)$1,!/#(/-$'*)!O!$(!"#),()*,-!*4"'/)!1,!-'!",%)$%5')*#(!1$!4#$3,4,()!
1,! -20"'$-,! 1'(.! -'! 7,(A.,! 1,! -'! 10+#%4')*#(! #..,$.,;! N,! 4#1A-,! "%0.,()'*)! /,%)'*(,.!
+'*5-,..,.;!!"$%*1#.//"-"/)$&)*1)$(1-1)&$*'?!7.%,"#$#0*44(1>'*/)$#'%$(0*%)1,'(*)1./!,4"B/='()!
-'!1*.)*(/)*#(!1,.!0-04,().!O!-2#%*7*(,!1,!-'!%0)%'/)*#(!,(!%#)')*#(!*(),%(,;!!0&)'+"$*$&)&$7*1)"$
#'%$(0*%)1,'(*)1./$='-"%.K)=.%*,1>'"$")!(#(!"'.!7-0(#S=$40%'-,;!!
!
M'(.!1,$6!'$)%,.!0)$1,.D!+"#$#1-'(*)1./#$#'%$'/!-.+N("$1/7.%-*)1>'"$)%1+1-"/#1.//"($+'$
-"-3%"$ #'4&%1"'%! ./)$ &)&$ %&*(1#&"#! '+*(! 12*1,()*+*,%! -,.! 4$./-,.! ,)! -,! )@",! 12')),*(),!
C10.0&$*-*5%,! 4$./$-'*%,D! ",%)$%5')*#(! 1,! -'! /%#*..'(/,L! *4"-*&$0.! 1'(.! -'! 7,(A.,! 1,! -'!
10+#%4')*#(! #..,$.,! CN%#$/=! ,)! '-;! IJVb]! N=,(7! ,)! '-;! IJVdL;! Q,")! 4$./-,.! C*(+%'0"*(,$6D!
.$5./'"$-'*%,D!7%'(1!1#%.'-D!/=,+!-#(7!1$!5*/,".D!1,-)#j1,!'()0%*,$%D!7%'(1!",/)#%'-D!/=,+!-#(7!

! "&(!
1$!)%*/,".L!0)'*,()!*1,()*+*0.!/#44,!"#$3'()!"%#1$*%,!$(,!+#%/,!+'3#%*.'()!-'!10+#%4')*#(!1,!
-2'%)*/$-')*#(!7-0(#S=$40%'-,!CN%#$/=!,)!'-;!IJVbL;!?2'..#/*')*#(!1,.!10.0&$*-*5%,.!4$./$-'*%,.!
,)!1,!-'!",%)$%5')*#(!1,!-'!/%#*..'(/,!1,!/,.!4$./-,.!'3'*,()!-2*4"'/)!-,!"-$.!+#%)D!/#4"'%0!'$!
10.0&$*-*5%,!4$./$-'*%,!.,$-!#$!O!-'!",%)$%5')*#(!1,!-'!/%#*..'(/,!*.#-0,;!M'(.!/,!4#1A-,D!-,.!
1#((0,.! '(')#4*&$,.! 1,.! #.D! -,.! 1,7%0.! 1,! -*5,%)0! '$! (*3,'$! 1,.! '%)*/$-')*#(.! C./'"$-#S
)=#%'/*&$,D! 7-0(#S=$40%'-,D! /#$1,D! "#*7(,)! ,)! 1#*7).LD! -,.! 1#((0,.! 12'%/=*),/)$%,! ,)! 1,!
/'"'/*)0! 1,! 70(0%')*#(! 1,! +#%/,! 1,.! 4$./-,.! 0)'*,()! *()07%0.! !"#$%&'( )*+,! N,-'! ",%4,))'*)!
1203'-$,%! -2*4"'/)! 1,! "-$.*,$%.! 4$./-,.! ,)! "-$.*,$%.! )@",.! 12')),*(),! 4$./$-'*%,.! .$%! -,.!
/#()%'*(),.!40/'(*&$,.!.2'""-*&$'()!.$%!-2'%)*/$-')*#(!7-0(#S=$40%'-,;!!"#$+.//&"#$1/)&5%&"#$
4%.6"/*1"/)$+0&)'+"#$,="B$(0*+'()"!Cc#->5'$%D!Y$%%'@D!,)!M,-"!IJJd]!c#->5'$%D!M,-"D!,)!'-;!
IJJ\]!c#->5'$%D!Y$%%'@D!,)!'-;!IJJ\L!,)!*6*1"/)$#1-4("-"/)$&)&$-1#"#$<$(0&,="(("$4.'%$("#$
"/7*/)#;! ?2$)*-*.')*#(! 1,! +.//&"#$ +*/#$ ("$ -.+N("$ 4%.6"/*/)$ +0*+'()"#$ /./$ 4*)=.(.51>'"#!
%"4%&#"/)"$ '/$ 31*1#! ,)! -*4*),! -'! +#%/,! 1,.! /#(/-$.*#(.! 1,! /,.! 0)$1,.;! M'(.! -,! /#(),6),! 1,!
-2,(+'()!,(!/%#*..'(/,D!1,.!4#1A-,.!4$./$-#S.&$,-,)*&$,.!"01*')%*&$,.!4*%$O5"!.,%'*,()!"-$.!
'1'")0.;!!
N=,>! -2,(+'()! (0*3#"/,"$ +"$ +.//&"#$ ,*+*6&%1>'"#! ,4"B/=,! -2#5),()*#(! 1*%,/),! 1,! /,%)'*(.!
1,.! 0-04,().! O! *()07%,%! '$! 4#1A-,;! ?,.! ),/=(*&$,.! 12'('-@.,! &$'()*+*0,! 1$! 4#$3,4,()! ,)!
12WXY! "%0.,()0,.! /*S1,..$.D! '1T#*(),.! O! -2ZYi! "#$%! /'%'/)0%*.,%! -2'/)*3')*#(! 4$./$-'*%,D!
"#$%%'*,()! B)%,! *()0%,..'(),.! O! $)*-*.,%! "#$%! -'! /#--,/),! 1,.! 1#((0,.! /=,>! -2,(+'()! ,)!
-2#5),()*#(! 1,! -.+N("#$ #4&,171,1>'"#$ <$ (0"/7*/)$ *6",$ 898:L$ <(! )%'3'*-! 1,! )=A.,! .$%! /,)),!
"%#5-04')*&$,!,.)!'/)$,--,4,()!%0'-*.0!'$!.,*(!1$!-'5#%')#*%,!"'%!P.4'!Q'-=*;!$!
N,!)@",!1,!4#10-*.')*#(!'!0)0!$)*-*.0!"#$%!'('-@.,%!-,.!/#(.0&$,(/,.!1,!/,%)'*(.!)%'*),4,().!
1'(.!1,.!"')=#-#7*,.!1,!-20"'$-,!/=,>!-2'1$-),!Cf'.)*+,%!,)!'-;!IJVI]!?*(7D!P(7,-,.D!,)!c#%#1@.G*!
IJJeL;!M,!-'!4B4,!4'(*A%,D!/=,>!-2,(+'()!'3,/!898:D!/,.!4#1A-,.!"#$%%'*,()!B)%,!$)*-*.0.!,(!
%,/=,%/=,!"#$%!4%&,1#"%$("#$,./#&>'"/,"#$+"#$)=&%*4"')1>'"#$1,!%001$/')*#(D!1,.!*(T,/)*#(.!
1,!)#6*(,.!5#)$-*(*&$,.!#$!1,.!/=*%$%7*,.!.,/#(1'*%,.;!!!
!
?,.!')),*(),.!1$!"-,6$.!5%'/=*'-!",$3,()!B)%,!1*3,%.,.;!M,!4B4,!-'!%0/$"0%')*#(!.$*),!O!$(,!
')),*(),!1$!"-,6$.!5%'/=*'-!/=,>!-,!5050!.,%'!1*++0%,(),!12$(!,(+'()!O!-2'$)%,!Ck'(7!IJVb]!h'(!
M*TG!,)!'-;!IJVIL;!M,!/,!+'*)D!(0"?4(.%*)1./$")$(*$-.+&(1#*)1./$1/+161+'"(("$+"$(0"/7*/)$*6",$898:!
"#)$ 4%.-"))"'#"D! -#%.! 1,.! &$,.)*#((,4,().! "#$%! -,.! /=#*6! )=0%'",$)*&$,.! ,(! "%')*&$,!
/-*(*&$,!/#$%'(),!"'%!,6,4"-,;!P$!(*3,'$!1,!-20"'$-,D!,(!+#(/)*#(!1,!-2')),*(),!4$./$-'*%,!,)!

! "&#!
1,! -'! 10+#%4')*#(! #..,$.,D! 1,.! %0.$-)').! 3'%*'5-,.! "#$%%'*,()! B)%,! #5),($.! '3,/! 1,.!
/#(.0&$,(/,.!,(!),%4,.!1,!4#5*-*)0!'/)*3,!,)!"'..*3,!1*++0%,(),.!.,-#(!-,.!/=#*6!%0'-*.0.;!N,)!
#5T,/)*+!'""'%'*)!/#44,!$(!#5T,/)*+!O!-#(7!),%4,D!1$!+'*)!1,.!)%'3'$6!(0/,..'*%,.!'$!"%0'-'5-,!
"#$%! ",%4,))%,! (0.3)"/)1./$ %*41+"$ +"#$ +.//&"#! ",%4,))'()! 1,! ."0/*+*,%! -,! 4#1A-,!
CN='%5#((*,%!,)!'-;!IJV\]!l#5-,!,)!'-;!IJVKL;!
!

!!
m*7$%,!Vg!n!Y#1A-,!1$!4,45%,!.$"0%*,$%!12c#->5'$%;!P!n!3$,!-')0%'-,D!:!n!3$,!'()0%*,$%,D!N!n!3$,!
'()0%#S401*'-,D!M!n!3$,!"#.)0%#S-')0%'-,;!
Co*%0!1,!-2'%)*/-,!c#->5'$%!^XQ!IJJdL

! "&&!
!

P$8"%#4",)16"#$)=&%*4"')1>'"#$

?'! %0/$"0%')*#(! 1,! -'! 4#)%*/*)0! *(*)*'-,4,()D! -'! ('))"$ ,./)%"$ ("#$ %&)%*,)1./#$ -'#,'(*1%"#$ ")$
+&7.%-*)1./#$*%)1,'(*1%"#$4.'%$(0.3)"/)1./$+0'/"$3.//"$-.31(1)&$+'$-"-3%"$#'4&%1"'%!.#()!
-,.!#5T,/)*+.!)=0%'",$)*&$,.!"%*(/*"'$6!/=,>!-,.!,(+'().!'3,/!898:!CQ=,('&!,)!'-;!IJJd]!8,),%!
Y;!E'),%.!IJJdL;!?2'..#/*')*#(!1,.!)%'3'$6!"%0.,()0.!/*S1,..$.D!3*.'()!O!4*,$6!/#4"%,(1%,!-,!
+#(/)*#((,4,()!1,!-20"'$-,!,)!1$!4#$3,4,()!1$!4,45%,!.$"0%*,$%!/=,>!-2,(+'()!'3,/!898:D!
,)! 1,.! 0-04,().! "=@.*#"')=#-#7*&$,.! 10TO! /#(($.! ,)! "%0.,()0.! 1'(.! -2*()%#1$/)*#(D!
",%4,)),()!1,!1*./$),%!"-$.!"%0/*.04,()!/,%)'*(.!#5T,/)*+.!,)!/*5-,.!)=0%'",$)*&$,.;!!
!
M'(.! -2'%)*/-,! bD! 03'-$'()! -,! 4#$3,4,()! 1,.! 4,45%,.! .$"0%*,$%.! 12$(! 7%#$",! 12,(+'().!
"%0.,()'()!1,.!.0&$,--,.!1,!898:D!$(,!#%7'(*.')*#(!1*++0%,(),!4'*.!,++*/'/,!1$!4#$3,4,()!
0)'*)! #5T,/)*30,! '3,/! 1,.! /#4",(.')*#(.! 1,.! 1,7%0.! 1,! -*5,%)0! 4'(&$'().! '$! (*3,'$! 1,.!
'%)*/$-')*#(.! -,.! "-$.! *4"'/)0,.! "'%! -'! 898:! "'%! $(,! 4#5*-*)0! 1*++0%,(),! '$! (*3,'$! 1,.!
'%)*/$-')*#(.!4#*(.!'++,/)0,.;!M'(.!$(!#5T,/)*+!1,!+'3#%*.,%!-,!4#$3,4,()!,)!-2$)*-*.')*#(!1$!
4,45%,!.$"0%*,$%!')),*()!,)!03*),%!-,.!-*4*)')*#(.!12'/)*3*)0!4'-7%0!-'!"'%0.*,!,)!-,.!-*4*)')*#(.!
12'4"-*)$1,.! '%)*/$-'*%,.! "'..*3,.D! .*! /,.! %0.$-)').! .#()! /#(+*%40.! 1'(.! $(! 0/='()*--#(!
12,(+'().!"-$.!*4"#%)'()D!-,.!)=0%'"*,.!"'%!/#()%'*(),!*(1$*),D!3*.'()!O!+#%/,%!-2$)*-*.')*#(!1$!
4,45%,!.$"0%*,$%!"'%0.*0!.,45-,()!",$!(0/,..'*%,.!0)'()!1#((0!-2,++*/'/*)0!1$!4#$3,4,()!
%,)%#$30,;!?'!-$)),!/#()%,!-,.!/#4",(.')*#(.!CX$..#!,)!'-;!IJVbL!'$!(*3,'$!1,.!'%)*/$-')*#(.!
"%0.,%30,.! .,45-,! 07'-,4,()! ",$! '""%#"%*0,! /'%! %*.&$'()! 1,! -*4*),%! -,.! "#..*5*-*)0.! 1,!
4#5*-*.')*#(!1$!4,45%,!.$"0%*,$%!')),*()!,)!*4"'/)'()!-,.!'/)*3*)0.!1,!3*,!&$#)*1*,((,;!P$!
/#()%'*%,D! 0)'()! 1#((0! -2$)*-*)0! 1,.! /#4",(.')*#(.! "#$%! -2#5),()*#(! 12$(! 4#$3,4,()!
+#(/)*#((,-D!$(!'6,!1,!"%*.,!,(!/='%7,!"#$%%'*)!B)%,!-,!)%'3'*-!."0/*+*&$,!1,!/,.!/#4",(.')*#(.!
CN$.'/G!,)!'-;!IJVbL;!!
!
?2'..#/*')*#(! 12$(,! ')),*(),! 1,! -2,(.,45-,! 1,.! 4$./-,.! 1,! -20"'$-,D! 1,! 10.0&$*-*5%,.!
4$./$-'*%,.! 1'(.! -,.! )%#*.! "-'(.! 1,! -2,."'/,! C'%)*/-,! UL! ,)! 12$(,! ')),*(),! 1,! -2,(.,45-,! 1,.!

! "&)!
4#$3,4,().!'$!(*3,'$!1,!-2'%)*/$-')*#(!7-0(#S=$40%'-,!C'%)*/-,!bLD!,.)!$(!'%7$4,()!,(!+'3,$%!
12$(,! #)%*)&51"$ +"$ 4%1#"$ "/$ ,=*%5"$ 5(.3*("$ 4.'%$ ,"))"$ *%)1,'(*)1./! ,)! 3'! '3,/! -2#5T,/)*+! 1,!
%0)'5-*%!-,.!0&$*-*5%,.!4$./$-'*%,.!"#$%!-,.!%#)'),$%.!4'*.!'$..*!"#$%!-,.!4$./-,.!*(),%3,('()!
1'(.! -,.! '$)%,.! 4#$3,4,().! '+*(! 1,! ",%4,))%,! $(,! 4,*--,$%,! 4#5*-*.')*#(! 1$! 4,45%,!
.$"0%*,$%!C:*'-#/,%G#H.G*!IJJdD!T$.)*/,!M!IJVdL;!!*$(1-1)*)1./$4%&,.,"$+"$,"#$+&#&>'1(13%"#$
-'#,'(*1%"#$ 4.'%%*1)$ *'##1$ 2)%"$ '/$ "/@"'$ 4.'%$ (*$ 4%&6"/)1./$ +"$ (*$ +&7.%-*)1./$ )%1K
+1-"/#1.//"(("$5(&/.K='-&%*(";!M'3'()'7,!120)$1,.!.#()!/,",(1'()!(0/,..'*%,.!"#$%!5*,(!
/#4"%,(1%,! -,! -*,(! ,()%,! -2')),*(),! 4$./$-'*%,! 1'(.! )#$.! -,.! "-'(.! 1,! -2,."'/,! ,)! -'!
10+#%4')*#(!#..,$.,D!1,!4B4,!&$,!"#$%!03'-$,%!-,.!)=0%'",$)*&$,.!3*.'()!O!'40-*#%,%!/,)!
0&$*-*5%,!4$./$-'*%,;!!
!
8-$.!."0/*+*&$,4,()D!/#(/,%('()!-2')),*(),!1,.!%#)'),$%.D!-2')),*(),!1,.!-'#,("#$#'3#,*4'(*1%"$
")$ 1/7%*&41/"'?! ,)! -,.! /#(.0&$,(/,.! 1,! -,$%! ')),*(),! .$%! -'! 10+#%4')*#(! #..,$.,! ,)! -,!
4#$3,4,()!.#()!10TO!5*,(!/#(($,.!,)!10/%*),.!C8p@=*_!,)!'-;!IJJd]!8,),%!Y;!E'),%.!,)!'-;!
IJJe]!h'(!i,-,*(!h*)%*(7'!,)!'-;!IJVV]!3'(!i,-,*(!h*)%*(7'!,)!'-;!IJJe]!c#7,(1##%(!,)!'-;!IJVJL;!
?,! 4$./-,! .$5./'"$-'*%,! ,.)! "'%)*/$-*A%,4,()! /*5-0! 1'(.! -,.! )%'*),4,().! /=*%$%7*/'$6;! M,.!
/=*%$%7*,.! .,/#(1'*%,.! 1,! -*50%')*#(! 1$! .#$.! ./'"$-'*%,! /=,>! -,.! ,(+'().! "%0.,()'()! $(,!
%0)%'/)*#(! ,(! %#)')*#(! *(),%(,! 120"'$-,! .#()! "%')*&$0,.! /#$%'44,()D! '+*(! 1,! -*50%,%! /,)),!
%0)%'/)*#(D! ,)! /#%%*7,%! -'! 10+#%4')*#(! #..,$.,! Cc$-)7%,(! ,)! '-;! IJVb]! 8,1#H*)>! ,)! '-;! IJJ\]!
Y,=-4'(!,)!'-;!IJVVL;!
M'(.!-2'%)*/-,!bD!-'!4"%)'%3*)1./$+"$(*$%.)*)1./!'$!(*3,'$!1,!-2'%)*/$-')*#(!7-0(#S=$40%'-,!0)'*)!
"%0.,(),!"#$%!).')"#$("#$)O,="#;!M,.!4#$3,4,().!/#4",(.')#*%,.!0)'*,()!(0/,..'*%,.!1'(.!
-,.!'$)%,.!'%)*/$-')*#(.;!N,)),!",%)$%5')*#(!1,.!4#$3,4,().!,(!%#)')*#(!"#$%%'*)!O!.#(!)#$%!
+'3#%*.,%! -'! 10+#%4')*#(! 1,! -2'%)*/$-')*#(! 7-0(#S=$40%'-,! C^-,*5,%! ,)! '-;! IJVULD! 4#()%'()!
-2*()0%B)!1,!-*4*),%!C/=,>!-,!5050L!"$*.!-*50%,%!C/=,>!-2,(+'()!"-$.!q70L!-'!%0)%'/)*#(!,(!%#)')*#(!
*(),%(,!1'(.!-,!1#$5-,!#5T,/)*+!1,!Vr!+'3#%*.,%!-'!4#5*-*)0!1$!4,45%,!.$"0%*,$%!,)!Ir!-*4*),%!
-'!10+#%4')*#(!#..,$.,;!!!!
?,.!%0.$-)').!1,!-2'%)*/-,!U!1#()!-2#5T,/)*+!0)'*)!1,!/'%'/)0%*.,%!"-$.!"%0/*.04,()!-2')),*(),!1,.!
4$./-,.!,)!O!+'*%,!-,!-*,(!'3,/!-'!+#(/)*#(!4$./$-'*%,D!4#()%,()!-2*()0%B)!1,!/#(.*10%,%!-,!/#$"-,!
.$5./'"$-'*%,S*(+'%0"*(,$6! 4'*.! '$..*! /='/$(! 1,.! '$)%,.! %#)'),$%.! *(),%(,.! 1'(.! -,!
&$,.)*#((,4,()!.$%!-,.!.)%')07*,.!)=0%'",$)*&$,.;!!

! "&*!
<(! %0.$-)')! (#)'5-,! 0)'*)! (0*3#"/,"$ +"$ %"(*)1./$ "/)%"$ ("$ 6.('-"$ -'#,'(*1%"$ +'$ -'#,("$
1/7%*&41/"'?$")$(*$7.%,"$5&/&%&"$"/$%.)*)1./$"?)"%/";!<(!0-04,()!"#$3'()!,6"-*&$,%!/,)),!
'5.,(/,!1,!%,-')*#(!,.)!-'!-.+171,*)1./$+"#$3%*#$+"$("61"%$1/+'1)"$4*%$(*$+&7.%-*)1./$.##"'#";!
?'! -$)),! /#()%,! -'! 7,(A.,! 1,! -'! 10+#%4')*#(! #..,$.,! '3,/! -,! )%'3'*-! 1,! /#(.,%3')*#(! 1,.!
'4"-*)$1,.!'%)*/$-'*%,.!"'..*3,.!,(!%#)')*#(!,6),%(,!"#$%!-*4*),%!-'!%0)%'/)*#(!1$!.$5./'"$-'*%,!
-*0!O!-'!1*4*($)*#(!1,.!.#--*/*)')*#(.!40/'(*&$,.!'*(.*!&$,!-'!%0/$"0%')*#(!12$(,!/#()%'/)*#(!
'/)*3,!1$!4$./-,!*(+%'0"*(,$6!.#()!1'(.!/,!/#(),6),!1,.!#5T,/)*+.!"%*#%*)'*%,.!1'(.!-'!"%*.,!,(!
/='%7,!*(*)*'-,!/=,>!-,!5050;!N=,>!-2,(+'()!"-$.!q70!"%0.,()'()!$(,!10+#%4')*#(!*(.)'--0,D!-,!
)%'3'*-!'/)*+!,(!%#)')*#(!,6),%(,!%0'-*.0!,(!G*(0.*)=0%'"*,!",$)!B)%,!&$,.)*#((0!0)'()!1#((0!
-2'5.,(/,!1,!%,-')*#(!3#-$4,S!+#%/,!"#$%!-,!4$./-,!*(+%'0"*(,$6;!!
?,! -'#,("$ 5%*/+$ 4",).%*($ *44*%*1##*1)$ %"(*)16"-"/)$ 4%&#"%6&;! N,)),! %,-')*3,! "%0.,%3')*#(!
0)'*)!O!-2#%*7*(,!1$!10.0&$*-*5%,!,()%,!-,.!3#-$4,.!1,.!%#)'),$%.!*(),%(,.!,)!,6),%(,.;!M'(.!
-2'%)*/-,! 1,! 4#10-*.')*#(! 1,! N%#$/=! ,)! '-!;! CIJVbLD! -,! 4$./-,! 7%'(1! ",/)#%'-! 0)'*)! *1,()*+*0!
/#44,! "#$3'()! 70(0%,%! $(,! +#%/,! /#()%*5$'()! O! -'! 10+#%4')*#(! 1,! -2'%)*/$-')*#(! 7-0(#S
=$40%'-,;! N,.! 0-04,().! 4#()%,()! -2*()0%B)! 1,! /#(.*10%,%! -,! 4$./-,! 7%'(1! ",/)#%'-! /#44,!
4.)"/)1"(("$ ,13("$ )=&%*4"')1>'"$ "#$%! -2#5T,/)*+! 12'40-*#%')*#(! 1,.! 0&$*-*5%,.! 4$./$-'*%,.!
C8,),%!Y;!E'),%.!,)!'-;!IJJe]!9>5,(!,)!'-;!IJVVL;!!
Z(+*(D! -,! -'#,("$ 5%*/+$ %./+D! %#)'),$%! *(),%(,! '//,..#*%,D! ,.)! /#$%'44,()! $)*-*.0! 1'(.! -,.!
/=*%$%7*,.! 1,! )%'(.+,%)! "#$%! #5),(*%! $(,! %#)')*#(! ,6),%(,! '/)*3,! ^*%G#.! IJJdD! ^#>*(! IJJg!
c<-)7%,(;!Q#(!3#-$4,!0)'*)!"'%)*/$-*A%,4,()!1*4*($0!/=,>!-,.!d!,(+'().!'3,/!898:!'@'()!,$!
1,.! /=*%$%7*,.! .,/#(1'*%,.! C)%'(.+,%).! 1,! 7%'(1! %#(1! "#$%! -,.! d! ,(+'().D! -*50%')*#(! 1$! .#$.!
./'"$-'*%,! "#$%! b! 12,()%,! ,$6L! C'%)*/-,! UL;! M2$(! "#*()! 1,! 3$,! +#(/)*#((,-D! 1$! +'*)! 1,! .#(!
*)%.4=1"$-*@"'%"D!/,!4$./-,!.,45-,!",$!.$./,")*5-,!12'3#*%!$(!*4"'/)!+#%)!.$%!-,.!'4"-*)$1,.!
'%)*/$-'*%,.!'/)*3,.;!!0"771,*,1)&$")$(01/)&%2)$+'$)%*/#7"%)!4"'6"/)$2)%"$>'"#)1.//&#!C^*%G#.!,)!
'-;!IJJd]!c$-)7%,(!,)!'-;!IJVUL;!!
!!
?'!('))"$,./)%"$("$+&#&>'1(13%"$-'#,'(*1%"$+"$(0"/#"-3("$+"#$%.)*)"'%#$1/)"%/"#$4*%$%*44.%)$
*'?$%.)*)"'%#$"?)"%/"#$'""'%'s)!1#(/!/#44,!$(,!4%1.%1)&$+*/#$(*$4%1#"$"/$,=*%5"!1,.!,(+'().!
'3,/!898:;!!*$4%&,.,1)&!+"$(*$4%1#"$"/$,=*%5"$"#)$'/$4.1/)$,(&!0)'()!1#((0!-'!"%0.,(/,!1,!-'!
10+#%4')*#(!#..,$.,!O!.,$-,4,()!&$,-&$,.!4#*.!1,!3*,!C3'(!1,%!Q-$*T.!,)!'-;!IJJV]!h'(!i,-,*(!
h*)%*(7'!,)!'-;!IJVVL;!!

! "&+!
M,.!0)$1,.!1,!+'*5-,.!"$*..'(/,.!#()!4#()%0!-,!"#),()*,-!*()0%B)!1,!-'!)#6*(,!5#)$-*(*&$,!'$!
(*3,'$! 1,.! %#)'),$%.! *(),%(,.! 120"'$-,! /=,>! -,.! ,(+'().! "%0.,()'()! $(,! 898:! "#$%! -$)),%!
/#()%,! /,! 10.0&$*-*5%,! 4$./$-'*%,D! '40-*#%,%! -,.! '4"-*)$1,.! '%)*/$-'*%,.! ,)! -*4*),%! -'!
10+#%4')*#(!7-0(#S=$40%'-,!CZ>'G*!,)!'-;!IJVJL;!!
l#$.!"%#"#.#(.!+0&6*('"%$(01/)&%2)!+01/@",)1./#$+"$).?1/"$3.)'(1/1>'"$4%&,.,"#$*'$/16"*'$+"$
(0"/#"-3("$+"#$%.)*)"'%#$1/)"%/"#$+*/#$("$)%*1)"-"/)$+"#$"/7*/)#$*6",$898:!"%0.,()'()!$(,!
10+#%4')*#(! 1,! -20"'$-,! 4.'%$ 4%&6"/1%$ (0&6.(')1./$ +"$ ,"))"$ +&7.%-*)1./D! ,)! /#(.,%3,%! -'!
4#5*-*)0!'/)*3,!,)!"'..*3,!1,!-20"'$-,!'3,/!$(,!0)$1,!1,!+#%),!"$*..'(/,!C'%)*/-,!dL;!!
!
!
!
! !

! "&$!
!

C&*+)0%#D#E#<88+).)+*4#%*#+//3)5+*4#-%'#+/F%)*+3/'#+/*&.65')50.+&%'#

(&4)3)%'#-%#*32+/%#73*50+/+A5%#(35&#(&4,%/+&#0.#-483&6.*+3/#-%#

0G4(.50%#)H%I#0%'#7474'#.**%+/*'#-%#(.&.0@'+%#37'*4*&+).0%#-5#

(0%25'#7&.)H+.0#J$9$:KL9MNO#5/#%''.+#)3/*&P04#&./-36+'4#E#

(&3*3)30%#-%#0G4*5-%##

!
N,!"%#)#/#-,!'!0)0!.#$4*.!1'(.!:Yf!#",(!,)!,.)!+*('(/0!"'%!-,!8cXN!l')*#('-;!?20)$1,!'!105$)0!
,(!'3%*-!IJVK;!?'!1,%(*A%,!4*.,!,(!"-'/,!'!0)0!+'*),!O!ls4,.!-,!K!#/)#5%,!IJVK;!M,$6!,(+'().!
#()!0)0!*(/-$.;!!

! "&%!
!""#$%&'#(#))*+(,*)+"#%-*."*#+/0-*&(%/+12)$20+/*3.%20&(21*%.4&(*&(5#$%&.()*
%.*6/#'#(%*)7.20,#/*,#"./1&%-*&(*3+3&#)*8&%7*.3)%#%/&$+0*3/+$7&+0*60#42)*6+0)-*
9:;:<=>;?@A*+*/+(,.1&B#,*$.(%/.00#,*%/&+0C*)%2,-*6/.%.$.0*
*
,-./012332!4560!78"9(9#!:!8;<=-5<!>??/!4-8&!:!@.AB5/.2!32!@;3!789!4-8)!:!7;.C!@;.21/2.!
78(9*!:!85<.;/2?!D26!E;32F!789!4-8(9+9$!:!G;21/1/;!H5<I!78"9(9#!:!J.;6CK!J/15<00/!789!
4-8%!:!L;1-;3M!N</612.5!78"'!:!EM3O;/6!D.5C-;.?!789!4-8"9(9#9$!:!;6?!1-2!4P4DQRPS!
@.5<=!T7;./;662!U3/0569!7;?232/62!U03;69!V266/W2.!D;01/269!@/3320!8;<1239!J35./;62!,53/69!7;./56!
823=5619!D.<65!85-/69!7;./2!UB620!@;335M9!X/6C261!@;<1-2.56!E;32F!H;00;6!U3!Y-5<.M9!4;0C;3!
V2-;665!9!7A3;6/2!Y;;09!!P3/O/2.!4.5?-5FF29!7A3;6/2!45.129!U662!@;2332!4M9!H23Z62!
[;<0C2619!!>F/3/2![<F/33M9!Y;1-2./62!E;6C-2\!D;..!9!!,;1-2./62!R.AB</2.9!;6?!4-/3/==2!X/53;0!]!
!
!
"! 42?/;1./C!.2-;^/3/1;1/569!J56?;1/56!_G8`E9!D.2019!J.;6C2!
(! G;^5.;15.M!5W!72?/C;3!_6W5.F;1/56!4.5C200/6B9!_LE>[7!""'"9!D.2019!J.;6C2!
#! 47[!?2=;.1F2619!D.201!,H[a9!D.2019!J.;6C2!
&! 8[,_9!D.201!,H[a9!D.2019!J.;6C2!
)! ,261.2!W5.!,3/6/C;3!_6O201/B;1/56!_LE>[7!,_,!"&"(9!D.201!,H[a9!D.2019!J.;6C2!!
*! [;?/535BM!?2=;.1F2619!-b=/1;3!?c_601.<C1/56!?20!U.FA20!,32.F561QR562..29!D.2019!
J.;6C2!
+! [;?/535BM!?2=;.1F2619!D.201!,H[a9!D.2019!J.;6C2!
$! a6/O2.0/1A!?2!D.21;B62!PCC/?261;329!D.2019!J.;6C2!!
%! ,Ha!4;./0!>01!Q!Hb=/1;3!?d>6W;610!U.F;6?QR.5<002;<:!4;./09!J.;6C2!
"'! Hb=/1;<I!?2!E1!7;<./C29!E1!7;<./C29!J.;6C2!
!
,5..20=56?/6B!;<1-5.!
,-./012332!4560!
EE[!=A?/;1./e<2!^.2015/09!J56?;1/56!_G8`E9!.<2!U3;/6!,53;09!(%(''!D.201!
R23!f!'()*#"'"&)!
C-./012332g=560^2CF2<.h/3?M0g5.B!
!
i5.?!C5<61!f!&+%(!
!
!
*
*
*
*
*
*
*
*
*
D<E>FDG>*

")'!
!
!"#$%&'(#)%"*
_6!C-/3?.26!j/1-!P^0121./C;3!D.;C-/;3!432I<0!4;30M!T4P4D]9!?262.O;1/56!5W!1-2!0-5<3?2.!F<0C320!
32;?0!15!^56M!?2W5.F/1M!/6!1-2!W/.01!F561-0!5W!3/W29!.2?<C/6B!;C1/O2!;6?!=;00/O2!.;6B2!5W!F51/56!
T[P7]9!;6?!C;<0/6B!;C1/O/1M!3/F/1;1/56g!R-2!;/F!5W!1-/0!F<31/C261.2!.;6?5F/02?!C561.5332?!1./;3!
/0! 15! 2O;3<;12! 1-2! 2WW2C1/O26200! 5W! ^51<3/6<F! 15I/6! /6k2C1/560! TDR_]! /6! 1-2! 0-5<3?2.! /612.6;3!
.51;15.!F<0C320!5W!"(!F561-Q53?!^;^/20!/6!3/F/1/6B!1-2!=.5B.200/56!5W!=5012./5.!0<^3<I;1/56!5W!
1-2!B3265-<F2.;3!k5/619!C5F=;.2?!j/1-!;!0-;F!=.5C2?<.2!F/F/CK/6B!DR_g!R-2!02C56?;.M!;/F0!
;.2!15!2O;3<;12!1-2!2WW2C1/O26200!5W!DR_!/6!T_]!3/F/1/6B!1-2!=.5B.200/56!5W!B3265/?!.21.5O2.0/56!
;6?!#8!?2W5.F/1M!;6?!T__]!/F=.5O/6B!0-5<3?2.!.;6B2!5W!F51/56!;6?!<==2.!3/F^!W<6C1/569!;0!j233!
;0!15!C56W/.F!1-2!1532.;6C2!5W!DR_g!!
+,#-%&.*/"&*/"/01.).*
E/I1MQ1j5!^;^/20!j/1-!<6/3;12.;3!4P4D!;6?!;!./0K!5W!=5012./5.!-<F2.;3!-2;?!0<^3<I;1/56!j/33!^2!
/6C3<?2?g!P63M!1-502!j/1-!;1!32;01!+l!=5012./5.!0<^3<I;1/56!5W!1-2!-<F2.;3!-2;?!C5F=;.2?!j/1-!
1-2! C561.;3;12.;3! 0-5<3?2.! 56! 1-2! 7[_! j/33! ^2! .;6?5F/\2?! 15! 562! 5W! 1j5! B.5<=0f! mDR_n! ;6?!
mE-;Fng!R-2!DR_!B.5<=!j/33!.2C2/O2!DPRPS!/6k2C1/560!;1!1-2!;B2!5W!"(!F561-0!/6!1-2!/612.6;3!
0-5<3?2.!.51;15.!F<0C320!T$a_oKB]g!R-2!0-;F!B.5<=!j/33!<6?2.B5!;!0-;F!DR_!=.5C2?<.2g!D51-!
B.5<=0! j/33! <6?2.B5! .2=2;12?! 0-5<3?2.! 7[_! ;1! "$! F561-0! 5W! ;B2! 15! e<;61/WM! C-;6B20! /6! 1-2!
=2.C261;B2!5W!=5012./5.!F/B.;1/56!5W!1-2!-<F2.;3!-2;?!T=./F;.M!5<1C5F2]9!B3265/?!O2.0/56!;6?!
#8!^562!?2W5.F/1Mg!,3/6/C;3!2O;3<;1/560!T=;00/O2!0-5<3?2.!.;6B2!5W!F51/569!UC1/O2!75O2F261!
EC;32]!j/33!^2!C;../2?!5<1!;1!^;023/62!;6?!")!;6?!"$!F561-0!5W!;B2g!R-2!F/6/!U00/01/6B!H;6?!
U00200F261!j/33!^2!.;12?!^21j226!"'!;6?!""!F561-09!;6?!;1!"$F561-0!5W!;B2g!U?O2.02!2O2610!
j/33!^2!.2C5.?2?!;1!32;01!F561-3M!W5.!2;C-!C-/3?g!
2#-)(.*/"&*&)..,3)"/#)%"*
J<33!21-/C;3!;==.5O;3!W5.!1-/0!01<?M!-;0!^226!5^1;/62?g!!!
4$)/0*$,5).#$/#)%"*"'36,$*
><?.;,Rf! ('")Q''"&'(Q#&! /6! ><.5=2;6! ,3/6/C;3! R./;3! ?;1;^;02:! L,R'#"%$+'(! /6! ,3/6/C;3!
R./;3!?;1;^;02g!
7,18%$&.9!P^0121./C;3!D.;C-/;3!432I<0!4;30M9!0-5<3?2.9!^51<3/6<F!15I/69!^562!?2W5.F/1M!
*
E%/#(H%7)*+(,*0&1&%+%&.()*."*%7&)*)%2,-**
i2!2I=2C1!^51<3/6<F!15I/6!/6k2C1/560!15!3/F/1!0-5<3?2.!?2W5.F/1M!;6?!/F=.5O2!0-5<3?2.!.;6B2!
5W!F51/56!/6!C-/3?.26!j/1-!5^0121./C;3!^.;C-/;3!=32I<0!=;30Mg*
R-/0!.;6?5F/\2?!C561.5332?!01<?M!j/33!2O;3<;12!1-2!0;W21M!;6?!2WW2C1/O26200!5W!2;.3M!^51<3/6<F!
15I/6!/6k2C1/560!/6!1-2!0-5<3?2.!/612.6;3!.51;15.!F<0C320g!!

")"!
!
R-2! 2WW2C1! 56! ^56M! ?2W5.F/1/20! TB3265-<F2.;3! 0<^3<I;1/56! ;6?! B3265/?! O2.0/56]9! ;C1/O2! ;6?!
=;00/O2!.;6B2!5W!F51/56!;6?!<==2.!3/F^!W<6C1/56!j/33!^2!2O;3<;12?g!!
!
*
IJ>F;KLG>I;J*
!
!

P^0121./C;3!D.;C-/;3!432I<0!4;30M!T4P4D]!.2W2.0!15!/6k<.M!15!562!5.!F5.2!C2.O/C;3!62.O2!
.5510!T,)Q,$]!;6?o5.!1-2!W/.01!1-5.;C/C!62.O2!.551!TR"]9!<0<;33M!C;<02?!^M!2IC200/O2!1.;C1/56!
?<./6B! ;! ?/WW/C<31! ^/.1-g! R-2! /6C/?26C2! /0! ;.5<6?! "g)! =2.! "'''! ^/.1-0T,-;<-;69! D3;CKj2339! 21!
U6;61-! ('"&]g! _6! 562! 1-/.?! 5W! C;0209! 62.O2! .2C5O2.M! /0! /6C5F=3212! 5.! ;^0261T,-;<-;69!
D3;CKj2339!21!U6;61-!('"&:!H52K0F;!21!;3g!(''&]9!.20<31/6B!/6!=2.F;6261!/F=;/.F261!j-/C-!/6!
1<.6! F;M! 32;?! 15! ;C1/O/1M! 3/F/1;1/56! ;6?! =;.1/C/=;1/56! ;0! ?2W/62?! ^M! 1-2! _612.6;1/56;3!
,3;00/W/C;1/56!5W!J<6C1/56/6BTV<3K;!21!X;6?2.!H;O2!('"":!p;W2/./5<!21!40MC-5B/5<!(''$]g!!
4P4D!B.2;13M!;WW2C10!1-2!F<0C<350K2321;3!?2O235=F261!5W!1-2!0-5<3?2.!C5F=32ITV<3K;!
21!X;6?2.!H;O2!('"":!7/C-;23!Gg!42;.3!(''%:!X;6!@232/6!X/1./6B;!21!;3g!('""]g!82W5.F/1/20!
5CC<.!O2.M!2;.3M9!j/1-/6!1-2!F561-0!W5335j/6B!^/.1-TX;6!@232/6!X/1./6B;!21!;3g!('"":!O;6!?2.!
E3</k0! 21! ;3g! (''"9! (''&]9! ;6?! B.;?<;33M! j5.026! j/1-! 1-2! C-/3?c0! B.5j1-TO;6! ?2.! E3</k0! 21! ;3g!
(''":!4212.!7g!i;12.0!('')]g!D56M!;6?!k5/61!?2W5.F/1/20!;.2!C;<02?!^M!1-2!=;.1/;3!?262.O;1/56!
5W!1-2!0-5<3?2.!F<0C3209!j-/C-!.20<310!/6!;6!/F^;3;6C2!5W!1-2!W5.C20!;C1/6B!56!1-2!B3265-<F2.;3!
k5/61! TX;6! @232/6! X/1./6B;! 21! ;3g! ('"":! 4qM-/r! 21! ;3g! ('')]g! _6! =;.1/C<3;.9! 1-2.2! /0! 5W126! ;!
?5F/6;6C2! 5W! 1-2! /612.6;3! .51;15.! F<0C320! T,.5<C-! 21! ;3g! ('"&:! Y32/^2.! 21! ;3g! ('"#]g! >IC200!
B3265/?! .21.5O2.0/56! /0! 1M=/C;39! ;356B! j/1-! ?2W5.F;1/56! 5W! 1-2! B3265/?! W500;g! R-/0! ;335j0!
=5012./5.! F/B.;1/56! 5W! 1-2! -<F2.;3! -2;?! 15! 5CC<.9! 2O261<;33M! =.5B.200/6B! 15! C5F=3212!
0<^3<I;1/56TX;6!@232/6!X/1./6B;!21!;3g!('"":!O;6!?2.!E3</k0!21!;3g!(''"9!(''&:!75<K5K5!21!;3g!
(''&]g!R-202!?2W5.F/1/20!/6C.2;02!1-2!./0K!5W!2;.3M!?2B262.;1/O2!k5/61!C-;6B20!;6?!=;/6!?<./6B!
C-/3?-55?!;6?!;?<31-55?T4;.1./?B2!21!>?j;.?0!(''&:!Y/.K50!21!;3g!('')]g!UC1/O2!;6?!=;00/O2!
0-5<3?2.!.;6B2!5W!F51/56!T[P7]!;.2!;305!.2?<C2?9!C;<0/6B!;!O/C/5<0!C/.C32!/6!j-/C-!1-2!F<0C320!!
C;6651!C561.;C1!2WW2C1/O23M!^2C;<02!5W!1-2!^56M!?2W5.F/1/20!;6?!;312.2?!32O2.!;.F0!T4212.!7g!
i;12.0!('')]g!R-202!C-;6B20!.2?<C2!1-2!W<6C1/56;3!C;=;C/1M!;6?!e<;3/1M!5W!3/W2!5W!C-/3?.26!j/1-!
4P4DTH<332^2.B!21!;3g!('"&:!Ee</1/2./!21!;3g!('"#]g!!
D51<3/6<F! 15I/6! /6k2C1/560! TDR_]! ;.2! ;! C5FF56! 1.2;1F261! 15! .2?<C2! F<0C32! ;C1/O/1Mg!
R-/0!1.2;1F261!/0!F5013M!<02?!15!1.2;1!0=;01/C/1M!/6!C-/3?.269!=;.1/C<3;.3M!/6!1-2!C;02!5W!C2.2^.;3!
=;30MTL5O;K! 21! ;3g! ('"#]9! -5j2O2.! /1! /0! ;305! ^2C5F/6B! F5.2! j/?23M! <02?! /6! C-/3?.26! j/1-!
4P4DT[<C-230F;6!21!;3g!(''%:!@5^210!21!;3g!('"']9!C5F^/62?!j/1-!51-2.!1.2;1F2610!0<C-!;0!
=-M0/51-2.;=M9!5CC<=;1/56;3!1-2.;=M9!5.1-5020!;6?!05F21/F20!0<.B2.Mg!!R-2!?5F/6;61!/612.6;3!

")(!
!
0-5<3?2.!.51;15.0!;.2!5W126!1;.B212?!/6!5.?2.!.2?<C2!1-2!01.26B1-!/F^;3;6C2!^21j226!;B56/01!;6?!
;61;B56/01!F<0C320!TD.5C-;.?9!U312.9!21!8;F/;65!('"&]g!E1<?/20!-;O2!0-5j6!1-;1!DR_!C5F^/62?!
j/1-!/FF5^/3/0;1/56!C5<3?!.2?<C2!=5012./5.!0<^3<I;1/56!5.!?/035C;1/56!5W!1-2!0-5<3?2.!/6!^;^/20!
j/1-! 4P4DT>\;K/! 21! ;3g! ('"']9! ;0! j233! ;0! /F=.5O2! =;00/O2! ;6?! ;C1/O2! 0-5<3?2.! [P7! ;6?!
W<6C1/56;3! C;=;C/1MT@5^210! 21! ;3g! ('"':! 7/C-;<?! 21! ;3g! ('"&:! E-/6! 21! ;3g! ('"&]g! DR_! /0! ;!
F/6/F;33M!/6O;0/O2!1.2;1F261!1-;1!/0!j233!1532.;12?g!i-26!<02?!=./5.!15!0<.B2.M9!/1!C;6!;O2.1!5.!
.2?<C2!1-2!C5F=32I/1M!5W!0<.B/C;3!02C56?;.M!5.1-5=;2?/C!=.5C2?<.20!T2g!Bg!0<^0C;=<3;./0!.232;029!
3;1/00/F<0!?5.0/!;6?!12.20!F;k5.!1.;60W2.0!]!T>\;K/!21!;3g!('"':!7/C-;<?!21!;3g!('"&]g!U31-5<B-!
1-2!.20<310!5W!01<?/20!5W!2;.3M!DR_!W5.!4P4D!;.2!26C5<.;B/6B9!F501!01<?/20!;.2!.21.50=2C1/O29!
/6C3<?2!0F;33!0;F=320!;6?!?5!651!-;O2!;!C561.53!B.5<=9!3/F/1/6B!1-2!C56C3<0/560!1-;1!C;6!^2!
?.;j6!.2B;.?/6B!;6M!2WW2C10!56!1-2!F<0C<350K2321;3!0M012Fg![;6?5F/\2?!C561.5332?!1./;30!15!
2O;3<;12!1-2!2WW/C;CM!5W!2;.3M!DR_!;.2!1-2.2W5.2!j;..;612?g!i/1-!.2B;.?!15!1-2!C561.53!1.2;1F2619!
;! 0-;F! =.5C2?<.2! F/F/CK/6B! DR_! j/1-5<1! /6k2C1/56! /0! 21-/C;33M! F5.2! ;==.5=./;12! 1-;6! ;6!
/6O;0/O2!=3;C2^5!=.5C2?<.2!^2C;<02!5W!1-2!M5<6B!;B2!5W!1-2!C-/3?.26!/6O53O2?g!!
*
DIME*+(,*NO:;>N!E!E*
*
D&1)*
R-2!F;/6!;/F!5W!1-/0!01<?M!/0!15!2O;3<;12!1-2!2WW2C1/O26200!5W!DR_!/6!1-2!/612.6;3!0-5<3?2.!
.51;15.!F<0C320!5W!"(!F561-Q53?!^;^/20!/6!3/F/1/6B!1-2!=.5B.200/56!5W!=5012./5.!0<^3<I;1/56!5W!
1-2!B3265-<F2.;3!k5/61g!!
R-2!02C56?;.M!;/F0!;.2!T_]!15!C5F=;.2!1-2!2WW2C1/O26200!5W!DR_!j/1-!;!0-;F!1.2;1F261!!
/6!3/F/1/6B!1-2!=.5B.200/56!5W!B3265/?!.21.5O2.0/56!;6?!1-.22Q?/F260/56;3!B3265/?!?2W5.F/1M:!
T__]!15!C5F=;.2!1-2!2WW2C1/O26200!5W!DR_!j/1-!;!0-;F!1.2;1F261!/6!/F=.5O/6B!;C1/O2!;6?!=;00/O2!
k5/61!.;6B2!5W!F51/56!;6?!<==2.!3/F^!W<6C1/56:!T___]!15!;00200!1-2!1532.;6C2!5W!DR_!/6!^;^/20!j/1-!
4P4D:!T_X]!15!2O;3<;12!1-2!2WW2C10!5W!DR_!56!F<0C32!B.5j1-!;6?!W;11M!/6W/31.;1/56!5W!1-2!/6k2C12?!
F<0C3209!;0!j233!;0!F<0C32!O53<F2!^;3;6C2!;.5<6?!1-2!0-5<3?2.9!;6?!TX]!15!?212.F/62!1-2!356BQ
12.F!2WW2C1!5W!DR_!56!W.2e<26CM!;6?!1M=2!5W!0<.B/C;3!/612.O261/560g!!
!
N-6.%7#)#)*
P<.!=./F;.M!-M=51-20/0!/0!1-;1!DR_!j/33!3/F/1!=5012./5.!0<^3<I;1/56!5W!1-2!B3265-<F2.;3!
k5/61!/6!1-2!DR_!B.5<=!C5F=;.2?!j/1-!1-2!E-;F!B.5<=g!!
i2! W<.1-2.! -M=51-20/\2! 1-;1! 1-2! =.5B.200/56! 5W! B3265/?! .21.5O2.0/56! ;6?! 1-.22!
?/F260/56;3! ?2W5.F/1/20! j/33! ^2! .2?<C2?9! 1-;1! ;C1/O2! ;6?! =;00/O2! .;6B2! 5W! F51/56! j/33! ^2!
/6C.2;02?9!;6?!1-;1!6<F^2.!5W!02C56?;.M!0<.B/C;3!/612.O261/560!j/33!^2!.2?<C2?!/6!1-2!DR_!B.5<=!

")#!
!
C5F=;.2?! j/1-! 1-2! E-;F! B.5<=g! R-2! .5^<01! ?20/B6! 5W! 1-/0! 01<?M! j/33! C56W/.F! 1-2! .20<310! 5W!
=.2O/5<0!<6QC561.5332?!01<?/209!=.5O/?/6B!;!01.56B!32O23!5W!2O/?26C2!W5.!DR_!1.2;1F261g!i2!;305!
-M=51-20/\2! 1-;1! DR_! j/33! ^2! j233! 1532.;12?! ^M! 1-2! ^;^/20g! i/1-! .2B;.?0! 15! F5.=-535B/C;3!
C-;6B20!W5335j/6B!DR_9!j2!2I=2C1!03/B-1!;1.5=-M!15!5CC<.!/6!1-2!/6k2C12?!F<0C3209!j/1-!05F2!
W;11M!/6W/31.;1/56!Ti/33/;F0!21!;3g!('"#]!^<1!65!C-;6B2!/6!656Q/6k2C12?!F<0C3209!32;?/6B!15!;6!
/F=.5O2F261!/6!1-2!O53<F2!^;3;6C2!5W!;B56/01!;6?!;61;B56/01!F<0C320![>J!sssg!!
!
M!K>N;KEPK!EIQJ*
*
K#)&H(!
U! .;6?5F/02?9! F<31/C261.29! ?5<^32Q^3/6?9! C561.5332?9! =;.;3323! B.5<=9! 0<=2./5./1M! 1./;3!
j/33! ^2! =2.W5.F2?! TO2.0/56! #9! "+g'"g('"$]g! P62! B.5<=! j/33! .2C2/O2! DR_! ;6?! 1-2! 51-2.! j/33!
<6?2.B5!;!E-;F!=.5C2?<.2g!
!
!%7&$)*
J<33!21-/C;3!;==.5O;3!W5.!1-/0!01<?M!-;0!^226!5^1;/62?!^M!1-2!21-/C;3!C5FF/1122!P<201!"!
5W!R5<.0!;6?!UB26C2!L;1/56;32!?2!EAC<./1A!?<!7A?/C;F261!21!?20!=.5?</10!?2!0;61A!TULE7]g!
R-2!1./;3!-;0!^226!.2B/012.2?!/6!1-2!><.5=2;6!,3/6/C;3!R./;3!?;1;^;02!T><?.;,Rf!('")Q''"&'(Q
#&]! ;6?! ,3/6/C;3! R./;3! ?;1;^;02! TL,R'#"%$+'(]g! U33! W;F/3/20! j/33! ^2! B/O26! ;! j./1126!
/6W5.F;1/56!32112.!?21;/3/6B!1-2!01<?M!;6?!=;.2610!5.!B<;.?/;60!j/33!0/B6!/6W5.F2?!C560261!=./5.!
15!1-2!C-/3?c0!/6C3<0/56g!U6M!F5?/W/C;1/56!5.!;F26?F261!15!1-2!=.515C53!j/33!^2!0<^F/112?!15!
1-2! 21-/C;3! C5FF/11220! ;6?! ULE7! W5.! ;==.5O;3g! UW12.! ;==.5O;39! /6O201/B;15.0! ;6?! 1./;3!
=;.1/C/=;610!j/33!^2!/6W5.F2?!5W!1-2!C-;6B20!^M!32112.!5.!2F;/3g!U33!1./;3!?;1;^;020!j/33!;305!^2!
<=?;12?g!!
!
F#$/2&%1#(%*
R-2!0=5605.!/0!,H[a!D.201g!D;^/20!j/33!^2!.2C.</12?!W.5F!0/I!J.26C-!-50=/1;30!T,H[a!
D.2019! ,261.2! ?2! [A;?;=1;1/56! =5<.! 26W;61! J3;O/B6MQ0<.Q75023329! Hb=/1;3! L;1/56;3! ?2! E;/61!
7;<./C29!,Ha!E;/61Q>1/26629!,Ha!LtF209!,Ha![26620]9!;33!5W!j-/C-!;.2!0=2C/;3/\2?!/6!1-2!
F;6;B2F261! 5W! C-/3?.26! j/1-! ^.;C-/;3! =32I<0! =;30M! ;6?! -;O2! ;CC200! 15! 7[_g! U33! ?5C15.0!
/6O53O2?!;.2!0K/332?!/6!DR_g!H50=/1;30!j2.2!0232C12?!^M!1-2!01<?M!C55.?/6;15.!;6?!0=5605.!^;02?!
56!1-2/.!.20=56020!15!;!W2;0/^/3/1M!e<201/566;/.2g!_1!/0!=.2?/C12?!1-;1!?<./6B!1-2!(%!F561-0!5W!
/6C3<0/569! ;.5<6?! ()%'! C-/3?.26! j/33! ^2! ^5.6! j/1-! 4P4D! /6! J.;6C2! T,-;<-;69! D3;CKj2339! 21!
U6;61-!('"&]9!5W!j-5F!&**!j/33!32W1!j/1-!02e<23;2T,-;<-;69!D3;CKj2339!21!U6;61-!('"&]g!R-/0!
01<?M!j/33!.2C.</1!"#g)l!5W!1-202!^;^/20!T*(!=;1/2610!5O2.!(%!F561-0]g!R-2!/6O201/B;15.!/6!2;C-!

")&!
!
5W!1-2!0=2C/;3/01!=;.1/C/=;1/6B!C261.20!j/33!/6W5.F!C3/6/C/;60!/6!35C;3!F;12.6/1M!<6/10!;^5<1!1-2!
01<?M9!;6?!W3M2.0!;6?!=5012.0!j/33!^2!?/0=3;M2?!/6!1-2!.2C2=1/56!;.2;0!5W!C3/6/C0!;6?!F;12.6/1M!
<6/10g!,3/6/C/;60!j/33!^2!;0K2?!15!.2W2.!^;^/20!j/1-!PDD4!15!1-2/.!62;.201!=;.1/C/=;1/6B!0=2C/;3/01!
C261.2! ;6?! 1-2M! j/33! ^2! =.5O/?2?! j/1-! /6W5.F;1/56! 32;W3210! 15! B/O2! 15! 1-2! =;.2610g! >I12.6;3!
;?O2.1/0/6B!j/33!;305!/6C3<?2!;!j2^=;B2!56!1-2!D.201!,H[a!j2^0/12g!_W!/6C3<0/56!B5;30!;.2!651!
;C-/2O2?9!F5.2!C2612.0!j/33!^2!;0K2?!15!=;.1/C/=;12g!!!
U!.2-;^/3/1;1/56!=-M0/C/;6!;6?o5.!;!0<.B256!/6!2;C-!=;.1/C/=;1/6B!0=2C/;3/01!C261.2!j/33!
/?261/WM!=51261/;33M!23/B/^32!^;^/20!W5.!1-2!01<?M!?<./6B!.5<1/62!C560<31;1/560g!R-2!=.515C53!j/33!
^2!2I=3;/62?!;6?!=.5=502?!15!=;.2610!5W!^;^/20!^21j226!"'!;6?!""!F561-0!5W!;B2!j-5!-;O2!;!
-/B-!./0K!5W!^56M!?2W5.F/1Mg!U6!/6W5.F;1/56!32112.!j/33!^2!B/O26!15!1-2!=;.2610!T0<==32F261;.M!
W/32]g_W!1-2!=;.2610!;B.22!15!1-2/.!^;^Mc0!=;.1/C/=;1/569!;6?!1-2!^;^M!W<3W/30!1-2!/6C3<0/56!C./12./;9!
-2!5.!0-2!j/33!^2!26.5332?!/6!1-2!01<?M!W5.!+!F561-0g!!
R-2!/6C3<0/56!C./12./;!;.2f!F;32!5.!W2F;32!^;^/20!;B2?!^21j226!"'!;6?!""!F561-0!j/1-!
<6/3;12.;3! 4P4D:! ;1! 32;01! 562! 5W! 1-2! W5335j/6B! ./0K! W;C15.0! W5.! =5012./5.! 0<^3<I;1/56! 5W! 1-2!
-<F2.;3! -2;?f! !"'u! 3200! =;00/O2! 2I12.6;3! [P7! 5W! 1-2! ;WW2C12?! 0-5<3?2.! C5F=;.2?! j/1-! 1-2!
C561.;3;12.;3! 0-5<3?2.! ;6?o! 5.! ;! 0C5.2! ^235j! *! 56! 1-2! UC1/O2! 75O2F261! EC;32! TU7E]! W5.!
0-5<3?2.! 2I12.6;3! .51;1/56! ;6?! ;^?<C1/569! 23^5j! W32I/56! 5.! 0<=/6;1/56:! j-502! =;.2610! 5.!
B<;.?/;60!-;O2!0/B62?!1-2!C560261!W5.Fg!D;^/20!j/1-!^/3;12.;3!4P4D9!F/C.50<.B2.M!5.!0-5<3?2.!
F<0C32! 0<.B2.M! =3;662?! ^21j226! "(! ;6?! "$! F561-0! 5W! ;B29! ! C561.;/6?/C;1/560! 15! 1-2! <02! 5W!
^51<3/6<F!15I/6!T-M=2.0260/1/O/1M!15!^51<3/6<F!15I/6!5.!1-2!2IC/=/2610!<02?9!5.!FM;01-26/;]9!
C561.;/6?/C;1/560!15!7[_!T=;C2!F;K2.9!F21;3!/F=3;6109!W5.2/B6!F21;3!^5?M!/6!1-2!2M29!21Cg]9!7[_!
651! =500/^32! /6! 1-2! 4;2?/;1./C! 8;M! H50=/1;3! 0211/6B! ^2C;<02! 5W! C561.;/6?/C;1/560! 15! 1-2!
=.2F2?/C;1/56!=.515C53!5.!5.B;6/\;1/56;3!C5601.;/6109!=;.2610!/6;=1!15!=.5O/?2!C560261!W5.!1-2!
=;.1/C/=;1/56!5W!1-2/.!C-/3?9!5.!=;.2610!<6?2.!1-2!;B2!5W!"$!M2;.09!j/33!^2!2IC3<?2?g!!
*
E%2,-*6/.$#,2/#*TJ/B<.2!"!;6?!R;^32!"]*
U1!O/0/1!"!T^21j226!"'!;6?!""!F561-0!5W!;B2]9!1-2!=;.2610!5.!B<;.?/;60!j/33!0/B6!1-2!
/6W5.F2?!C560261!W5.F!;6?!1-2!^;^M!j/33!^2!/6C3<?2?g!R-2!=-M0/C/;6!5.!0<.B256!j/33!C;..M!5<1!
;!=-M0/C;3!2I;F/6;1/56!;6?!j/33!C5332C1!05C/5Q?2F5B.;=-/C!?;1;!/6C3<?/6B!-/015.M!5W!4P4D!/6!
;! ^.51-2.! 5.! 0/012.9! 5O2.j2/B-1! 5.! 5^20/1M! 5W! 1-2! F51-2.9! ;6M! F2?/C;3! C56?/1/560! ?<./6B! 1-2!
=.2B6;6CM!T2gBg!B201;1/56;3!?/;^2120]9!1-2!^/.1-!=.5C2?<.2!TC;20;.2;6!02C1/569!O;B/6;3!?23/O2.M!
j/1-!2=/?<.;39!/6?<C1/56!5W!3;^5<.9!/601.<F261;3!?23/O2.M9!0-5<3?2.!?M015C/;9!12.F!;6?!?<.;1/56]9!
^/.1-!j2/B-1!;6?!326B1-9!;6?!U4@U[!0C5.2g!!
X/0/1! (! T;1! ""! F561-0! 5W! ;B2]! j/33! /6O53O2! 7[_! 15! C56W/.F! 1-2! ?/;B650/0! 5W! ^56M!
?2W5.F/1M!T;1!32;01!+l!0<^3<I;1/56!5W!1-2!-<F2.;3!-2;?!56!1-2!/6O53O2?!0/?2!C5F=;.2?!j/1-!1-2!

"))!
!
C561.53;12.;3!0/?2]g!P6C2!C56W/.F2?9!.;6?5F/0;1/56!j/33!^2!C;../2?!5<1g!R-/0!j/33!260<.2!1-;1!
563M! C-/3?.26! j/1-! O2./W/2?! B3265-<F2.;3! ?2W5.F/1M! ;.2! /6C3<?2?9! 0/6C2! C3/6/C;3! 12010! ;.2! 651!
0<WW/C/2613M!0260/1/O2!15!C56W/.F!1-/0g!D;^/20!j-5!?5!651!W<3W/3!1-/0!.;6?5F/0;1/56!C./12./56!j/33!
^2!j/1-?.;j6!W.5F!1-2!01<?M!;6?!j/33!=<.0<2!1-2!<0<;3!F2?/C;3!W5335jQ<=g!R-2!=;.2610!j/33!^2!
/6W5.F2?!5W!1-2!.20<310!5W!1-2!7[_!j/1-/6!"'!?;M0!^M!F2;60!5W!;!1232=-562!C;33!W.5F!1-2!.202;.C-!
/6O201/B;15.0g!R-2!.;6?5F/0;1/56!j/33!;335C;12!1-2!^;^/20!15!562!5W!1j5!1.2;1F261!B.5<=0!T2;C-!
j/1-!1-2!0;F2!6<F^2.!5W!^;^/20]f!DR_!B.5<=!;6?!0-;F!B.5<=g!!
X/0/1!#!T"(!F561-0!soQ")!?;M0!5W!;B2]!j/33!/6C3<?2!1.2;1F261!TDR_!5.!0-;F!=.5C2?<.2]g!!!
D51-!B.5<=0!j/33!1-26!;1126?!02O26!W5335j!<=!O/0/10f!O/0/1!&!j/33!^2!C;../2?!5<1!126!?;M0!
;W12.!1.2;1F261!;?F/6/01.;1/569!;6?!O/0/10!*Q"'!j/33!^2!C;../2?!5<1!2;C-!F561-!<61/3!"$!F561-0!
5W! ;B2g! X/0/10! "9! +! ;6?! "'! j/33! /6O53O2! ;! 01;6?;.?/\2?! C3/6/C;3! 2I;F/6;1/56! ^M! 5CC<=;1/56;3!
1-2.;=/010! 5.! =-M0/51-2.;=/010! ;6?! O/0/10! )9! *9! $! ;6?! %! j/33! /6O53O2! ;! 1232=-562! C;33! W.5F! ;!
F2F^2.!5W!1-2!01<?M!12;Fg!!
a6Q^3/6?/6B!j/33!^2!=2.W5.F2?!;1!O/0/1!"'!T"$QF561-0!5W!;B2]g!J5335j/6B!<6Q^3/6?/6B9!
1-2! ^;^M! j/33! ;1126?! ;! W5335jQ<=! O/0/1! ;1! (&! F561-0! 1-26! M2;.3M! W5335jQ<=! O/0/109! ;0! /0! <0<;3!
=.;C1/C2g!R-2!;/F!5W!1-/0!/0!15!?212.F/62!1-2!0;W21M!5W!1-2!<02!5W!^51<3/6<F!15I/6!^2W5.2!1-2!;B2!
5W!1j5!M2;.0!T;W12.!j-/C-!1-2.2!/0!;!F;.K21/6B!;<1-5./\;1/56!W5.!C-/3?.26!j/1-!C2.2^.;3!=;30M]9!
;6?!15!C5F=;.2!1-2!W.2e<26CM!;6?!C5F=32I/1M!5W!0<.B/C;3!/612.O261/560!^21j226!B.5<=0!<61/3!
1-2!;B2!5W!"'!M2;.0g!
!
MFI**
R-2!^;^/20!/6C3<?2?!/6!1-/0!01<?M!j/33!<6?2.B5!7[_!5W!^51-!0-5<3?2.0!;1!O/0/10!(!;6?!"'!
T;1!""!;6?!"$!F561-0!5W!;B2]g!U!1-.22Q?/F260/56;39!R"Qj2/B-12?!B.;?/261Q2C-5!02e<26C2!j/33!
^2! <02?g! R-/0! ;6;15F/C;3! 02e<26C2! -/B-3/B-10! ^5620! ;6?! F<0C3209! /6C3<?/6B! ?262.O;12?!
F<0C320TY;F;1-!21!;3g!(''$]g!R-2!C-/3?!j/33!3/2!0<=/62!j/1-!-/0o-2.!;.F0!/6!62<1.;3!;6?!-;6?0!
=.56;12?g!R-2!R"!=.515C53T4560!21!;3g!('"+]!j/33!^2!;?;=12?!/6!2;C-!C261.2!?2=26?/6B!56!1-2!
1M=2! 5W! 7[_! 0C;6! 1-2M! -;O2g! UCe</0/1/56! 1/F2! j/33! ^2! 3200! 1-;6! )! F/6<120! =2.! 0-5<3?2.g! L5!
C561.;01!/6k2C1/56!j/33!^2!.2e</.2?g!_F;B20!j/33!-;O2!15!/6C3<?2!012.6<F!;6?!0=/62!F2?/;33M9!1-2!
j-532!?2315/?!3;12.;33M!;6?!1-2!0=/62!5W!1-2!0C;=<3;!;1!1-2!^;CK!?5j6g!4.2F2?/C;1/56!T02?;1/56!
5.!B262.;3!;6;201-21/C]!j/33!^2!62C200;.M!W5.!^51-!7[_!2I;F09!;1!""!;6?!"$!F561-0!5W!;B2g!R-2!
=.2F2?/C;1/56!j/33!^2!;?;=12?!15!1-2!C3/6/C;3!01;1<0!5W!2;C-!C-/3?!;6?!1-2!C<015F0!5W!2;C-!C261.2g!
UW12.!=.2F2?/C;1/569!1-2!C-/3?!j/33!^2!F56/15.2?!^M!;!=;2?/;1./C/;6!/6!1-2!?;M!-50=/1;3!5W!2;C-!
C261.2!<0/6B!;!O;3/?;12?!=.515C53g!!
!
F+(,.1&)+%&.(*6/.$#))*+(,*30&(,&(H*

")*!
!
[;6?5F/0;1/56! j/33! ^2! =500/^32! (&! -5<.0! =2.! ?;M! <0/6B! C261.;3/02?! C5F=<12.!
.;6?5F/0;1/56! ^M! _612.6219! ;CC5.?/6B! 15! 1-2! <0<;3! =.5C2?<.20! /6! 2WW2C1! ;1! D.201! [2B/56;3!
a6/O2.0/1M!H50=/1;3g!UW12.!7[_!C56W/.F;1/56!1-;1!1-2!^;^M!W<3W/30!1-2!.;6?5F/0;1/56!C./12./56!
TO/0/1!(]9!.;6?5F/0;1/56!j/33!^2!=2.W5.F2?!^M!1-2!01<?M!/6O201/B;15.!?<./6B!O/0/1!#!T"(!F561-0!
5W!;B2]g!E1.;1/W/C;1/56!j/33!^2!C;../2?!5<1!^M!C261.2!;6?!^M!F/C.50<.B2.M!=./5.!15!/6C3<0/569!0/6C2!
2;.3M! 0<.B2.M! C5<3?! /6W3<26C2! 1-2! =.5B.200/56! 5W! ^56M! ?2W5.F/1Mg! L2/1-2.! 1-2! =;.2610! 5.!
B<;.?/;609! 65.! 1-2! C3/6/C;3! ;6?! .;?/535B/C;3! 2O;3<;15.0! j/33! ^2! ;j;.2! 5W! 1-2! 1.2;1F261!
;?F/6/012.2?g!R-2!?5C15.0!C;..M/6B!5<1!1-2!DR_!j/33!651!1;K2!=;.1!/6!0<^02e<261!O/0/109!15!260<.2!
1-2!^3/6?/6B! 5W! 1-2! 2I;F/62.g!U! C261.;3! ;6;3M0/0!5W!7[_!?;1;! j/33!^2! C;../2?!5<1! /6! 5.?2.! 15!
260<.2!^3/6?/6B!5W!1-2!2O;3<;15.!15!1-2!=./F;.M!5<1C5F2!F2;0<.2g!
*
E%2,-*>/#+%1#(%)*
DR_!=.5C2?<.2!
R-2!^51<3/6<F!15I/6!1-;1!j/33!^2!<02?!/6!1-2!01<?M!/0!DPRPS!TU332.B;6]g!85020!j/33!^2!
/6k2C12?!/615!1-2!=2C15.;3/0!F;k5.9!0<^0C;=<3;./0!;6?!12.20!F;k5.o3;1/00/F<0!?5.0/!F<0C320!56!
562!5CC;0/56!TO/0/1!#f!"(F561-0!soQ!")!?;M0!5W!;B2]g!R-202!F<0C320!-;O2!^226!1-2!1;.B21!5W!DR_!
1.2;1F261!15!=.2O261!1-2!=.5B.200/56!5W!-<F2.;3!-2;?!0<^3<I;1/56!;6?!15!/F=.5O2!;C1/O2!;6?!
=;00/O2!0-5<3?2.![P7!/6!=.2O/5<0!01<?/20!5W!C-/3?.26!j/1-!4P4DT>\;K/!21!;3g!('"']g!J5335j/6B!
.2C5601/1<1/569!1-2!15I/6!j/33!^2!/6k2C12?!/61.;F<0C<3;.3M!<0/6B!;!1.;60C<1;625<0!;==.5;C-!j/1-!
<31.;05<6?!B</?;6C2g!R-2!C-5026!?5020!;.2!^;02?!56!?;1;!/6!1-2!3/12.;1<.2!/6!C-/3?.26!;6?!^;^/20!
j/1-!4P4DT@5^210!21!;3g!('"':!>\;K/!21!;3g!('"':!7/C-;<?!21!;3g!('"&]f!;!151;3!5W!!$aoKB!j/33!
^2! /6k2C12?! T(aoKB! /6! 0<^0C;=<3;./09! #aoKB! /6! =2C15.;3/0! F;k5.! ;6?! #aoKB! /6! 12.20!
F;k5.o3;1/00/F<0!?5.0/]g!D2C;<02!1-2.2!/0!65!F;.K21/6B!;<1-5./0;1/56!W5.!1-2!<02!5W!^51<3/6<F!
15I/6!/6!C-/3?.26!<6?2.!1-2!;B2!5W!1j5!M2;.09!1-2!C-5026!?5020!;.2!0F;332.!1-;6!1-2!F;I/F;3!
?5020!;<1-5./\2?!W5.!1-2!1.2;1F261!5W!0=;01/C/1M!/6!53?2.!C-/3?.26!j/1-!C2.2^.;3!=;30Mg!75.25O2.9!
1-2!?5020!C-5026!C5..20=56?!j/1-!?5020!<02?!/6!=.2O/5<0!01<?/20g!U!01;6?;.?/\2?!=.515C53!W5.!
1-2! =.2O261/56! ;6?! 1.2;1F261! 5W! /6?<C2?! =;/6! ;6?! =501Q/6k2C1/56! =;/6! j/33! ^2! 0M012F;1/C;33M!
<02?g! R-/0! j/33! /6O53O2! 1-2! ;?F/6/01.;1/56! 5W! 15=/C;3! ;6;201-20/;! T0<C-! ;0! >7GU]! ;6?!
=;.;C21;F53!T?502!;CC5.?/6B!15!1-2!^;^Mc0!j2/B-1]!562!-5<.!=./5.!15!1-2!/6k2C1/56g!8/01.;C1/56!
12C-6/e<20!j/33!^2!<02?!?<./6B!1-2!/6k2C1/56g!R-2!=;.2610!j/33!^2!/601.<C12?!15!^./6B!.2;00<./6B9!
W;F/3/;.!5^k2C10!^2356B/6B!15!1-2!C-/3?!T2gBg!05W1!15M9!=;C/W/2.9!6<.02.M!.-MF29!F<0/C]g!_6!5.?2.!
15!01;6?;.?/\2!=.;C1/C20!;6?!15!260<.2!F;I/F<F!0;W21M9!01;WW!W.5F!1-2!?/WW2.261!C261.20!j/33!;33!
^2! 1.;/62?! /6! DR_! 5W! 1-2! 0-5<3?2.! F<0C320! <0/6B! <31.;05<6?! B</?;6C2! /6! ^;^/20! =./5.! 15!
=;.1/C/=;1/6B!/6!1-2!01<?Mg!!!
*

")+!
!
E-;F!=.5C2?<.2!
R-2!;/F!5W!1-2!E-;F!=.5C2?<.2!/0!15!F/F/C!1-2!DR_!;6?!15!F;/61;/6!1-2!^3/6?/6B!5W!1-2!
.202;.C-!12;F!;6?!1-2!=;.2610!5.!B<;.?/;60g!R-2!0;F2!;6201-21/C!=.5C2?<.2!j/33!^2!C;../2?!5<1!
;0! W5.! DR_g! R-2! =-M0/C/;6! =2.W5.F/6B! 1-2! /6k2C1/56! j/33! =.2=;.2! ;! 0M./6B2! C561;/6/6B!
=-M0/535B/C;3!0;3/62!053<1/56!"'!F/6<120!=./5.!15!1-2!E-;F!=.5C2?<.2g!R-2!=.5C2?<.2!j/33!^2!
0/F<3;12?!j/1-!<31.;05<6?!;6?!<02!5W!;!^3<61!622?32!T1-;1!j/33!651!=2621.;12!1-2!0K/6]!56!1-2!0/120!
0232C12?!W5.!/6k2C1/56g!U33!0/120!j/33!^2!C5O2.2?!j/1-!;?-20/O2!?.200/6B0!;6?!1/6C1<.2!5W!^21;?/629!
;0!W5.!1-2!DR_g!i/1-!.2B;.?!15!1-2!C561.53!1.2;1F2619!;!0-;F!=.5C2?<.2!F/F/CK/6B!DR_!j/1-5<1!
/6k2C1/56!/0!21-/C;33M!F5.2!;==.5=./;12!1-;6!;6!/6O;0/O2!=3;C2^5!=.5C2?<.2!^2C;<02!5W!1-2!M5<6B!
;B2!5W!1-2!C-/3?.26!/6O53O2?g!!
!
[2-;^/3/1;1/56!;6?!F2?/C;3!W5335j!<=!
R5! 260<.2! C5F=;.;^/3/1M9! 1-2! ^;^/20! /6! ^51-! B.5<=0! j/33! .2C2/O2! (! 0200/560! 5W!
=-M0/51-2.;=M!=2.!j22Kg!U!01;6?;.?/\2?!F2?/C;3!=.20C./=1/56!j/33!^2!F;?2g!U6!/6W5.F;1/56!;6?!
;?O/C2!32112.!j/33!^2!B/O26!15!1-2!=-M0/51-2.;=/010!O/;!1-2!=;.2610!15!01;6?;.?/\2!;6?!5=1/F/02!
=-M0/51-2.;=M!1.2;1F261g!U?O/C2!j/33!^2!B/O26!15!=;.2610!.2B;.?/6B!2I2.C/020!15!C;..M!5<1!;1!
-5F2g!U33!51-2.!F2?/C;3!;6?!.2-;^/3/1;1/56!j/33!^2!C;../2?!5<1!;CC5.?/6B!15!<0<;3!=.5C2?<.20g!!
!
D,'#/)#*#'#(%)*
U?O2.02!2O2610!.23;1/6B!15!1-2!<02!5W!^51<3/6<F!15I/6!
R-2!02C56?;.M!2WW2C10!5W!DR_!;.2!F5013M!F/3?9!12F=5.;.M!;6?!.23;12?!15!1-2!?502!;6?!1-2!
/6k2C1/56! 0/12g! G5C;3! .2;C1/560! 0<C-! ;0! C561<0/560! 5.! =;/6! ;1! 1-2! /6k2C1/56! 0/12! F;M! 5CC<.9! 5.!
2IC200/O29!35C;3/02?!F<0C32!j2;K6200g!EM012F/C!2WW2C10!;.2!.;.2!;6?!/6C3<?2!B262.;3/02?!;332.B/C!
.2;C1/560! ;6?! 2WW2C10! .23;12?! 15! =.5?<C1! ?/WW<0/56! T.;0-9! 2.M1-2F;9! =.<./1<09! ;6;=-M3;C1/C!
.2;C1/569! W3<Q3/K2! 0M6?.5F29! -2;?;C-209! ?/\\/62009! W2O2.9! 0-/O2./6B9! -M=2.1260/569! ;6?!
;^?5F/6;3!=;/6!;6?!?.M!F5<1-]g!>IC2=1/56;33M9!02./5<0!2WW2C10!-;O2!^226!5^02.O2?9!;!1M=2!5W!
2IC200/O2! F<0C32! j2;K62009! ?M0=-;B/;! ;6?! ;0=/.;1/56! =62<F56/;9! -5j2O2.! 1-202! 5CC<..2?!
=./6C/=;33M!j-26!1-2!.2C5FF26?2?!?5020!j2.2!651!.20=2C12?TD5<.02<3!21!;3g!('"+:!4;=;O;0/3/5<!
21! ;3g! ('"#:! U3^;O2.;QH2.6v6?2\9! [5?.wB<2\9! 21! _?.5O5! (''%:! 8;-;6QP3/23! 21! ;3g! ('"(]g! R-2!
0;W21M!5W!DR_!/6!/6W;610!<6?2.!1j5!M2;.0!5W!;B2!j;0!0-5j6!15!^2!B55?!/6!;!.2C261!0M012F;1/C!
.2O/2jTD5<.02<3! 21! ;3g! ('"+]! ;6?! 1-2! 1532.;6C2! 5W! 1-/0! 1.2;1F261! ;305! 022F0! B55?! /6! 1-/0!
=5=<3;1/56T>\;K/!21!;3g!('"':!8;-;6QP3/23!21!;3g!('"(:!820/;15!21![/0/6;!(''"]g!R-2!0=2C/W/C!
2WW2C10! 56! F<0C32! 01.<C1<.2! ;6?! 1-2! C561.;C1/32! =.5=2.1/20! 5W! F<0C320! ;.29! -5j2O2.9! =55.3M!
<6?2.0155?g! 75?2.;12! F<0C32! ;1.5=-M! ;6?! W;11M! /6W/31.;1/56! F;M! 5CC<.! W5335j/6B!
/6k2C1/560Ti/33/;F0!21!;3g!('"#:!J5.1<6;!21!;3g!('"":!EC-.52?2.!21!;3g!(''%]g!!

")$!
!
!!J;F/3/20!j/33!^2!B/O26!;!C561;C1!=-562!6<F^2.!15!26;^32!1-2F!15!?/0C<00!;6M!e<201/560!
5.! ?5<^10! .2B;.?/6B! 1-2! 2WW2C10! 5W! 1-2! 1.2;1F2619! 5.! 15! .2=5.1! ;6M! 0<0=2C12?! ;?O2.02! 2O261g!
4;.2610!j/33!^2!e<201/562?!.2B;.?/6B!;?O2.02!2O2610!;1!"'!?;M0!;6?!2;C-!F561-!^21j226!"(!;6?!
"$!F561-0!5W!;B2!<0/6B!01;6?;.?/\2?!e<201/566;/.20!1-;1!/6C3<?2!;33!=500/^32!0/?2!2WW2C10g!!
!
U?O2.02!2O2610!.23;12?!15!7[_!=.2F2?/C;1/56!
R-2! ./0K0! .23;12?! 15! 1-2! =.2F2?/C;1/56! ;.2! 1-2! 01;6?;.?! ./0K0! W5.! 1-2! 02?;1/56! 5.!
;6;201-20/;! 5W! C-/3?.26! TB;01./1/09! ;61/C-53/62.B/C! 2WW2C109! 5IMB26! ?20;1<.;1/569! 2IC200/O2!
02?;1/56]g! R-2! C-/3?! j/33! ^2! 2I;F/62?! W5.! =51261/;3! ./0K0! ?<./6B! ;! .5<1/62! =;2?/;1./C! 5.!
;6;201-21/C!C560<31;1/56g!
!
_6?2=26?261!8;1;!756/15./6B!,5FF/1122!;6?!<6Q^3/6?/6B!=.5C2?<.2!
U6! /6?2=26?261! ?;1;! 0;W21M! F56/15./6B! ,5FF/1122! T8E7,]! C5F=./02?! 5W! W/O2!
/6?2=26?261! F2F^2.0! j/33! ^2! 021! <=g! R-2! =<.=502! 5W! 1-2! 8E7,! j/33! ^2! 15! =.5O/?2! ;6!
/6?2=26?261! 2O;3<;1/56! 5W! ;6M! ;?O2.02! 2O2610! 1-;1! 5CC<.! ?<./6B! 1-2! .202;.C-9! ;0! j233! ;0! 15!
F56/15.!1-2!^262W/1!o!./0K!.;1/5g!!
E-5<3?!;6!;?O2.02!2O261!1-;1!.2e</.20!?/WW2.261!C;.2!1-;6!1-;1!=3;662?!/6!1-2!01<?M!5CC<.9!
<6^3/6?/6B!j/33!^2!C;../2?!5<1g!a6^3/6?/6B!j/33!651!^2!C;../2?!5<1!/6!;6M!51-2.!C56?/1/56g!!
!
:+%&#(%*+(,*:230&$*&('.0'#1#(%*)%+%#1#(%*
! 4;1/2610!j2.2!651!/6O53O2?!/6!1-2!?2O235=F261!5W!1-2!.202;.C-9!;6?!j/33!651!^2!/6O53O2?!
/6!1-2!.2C.</1F261!;6?!C56?<C1!5W!1-2!01<?Mg![20<310!5W!1-2!01<?M!j/33!^2!B/O26!15!1-2!=;.2610!
;W12.!1-2!01<?M!?<./6B!;!F2?/C;3!C560<31;1/56!/6!1-2/.!=;.1/C/=;1/6B!C2612.g!!!
!
;L>G;M!*M!DELF!E**
!
:/&1+/-*;2%$.1#*9%+30#*R@*
R-2!=./F;.M!5<1C5F2!F2;0<.2!/0!1-2!C-;6B2!/6!1-2!=2.C261;B2!5W!=5012./5.!F/B.;1/56!5W!
1-2!-<F2.;3!-2;?!F2;0<.2?!56!;6!;I/;3!7[_!/F;B2!^21j226!""!F561-0!T^2W5.2!1-2!DR_!;1!"(!
F561-0]!;6?!"$!F561-0!5W!;B2!T*!F561-0!=501!DR_]!;1!O/0/10!(!;6?!"'g!45012./5.!0<^3<I;1/56!j/33!
^2!2O;3<;12?!<0/6B!1-2!F21-5?!?20C./^2?!^M!i;12.09!56!;6!;I/;3!7[_!03/C2!1;K26!k<01!^235j!1-2!
C5.;C5/?!=.5C200!TH!Y5\/6!(''&:!G/==2.1!21!;3g!('"(:!4g!7g!i;12.09!EF/1-9!21!V;.;F/335!"%%$]g!
42.C261;B2! =5012./5.! 0<^3<I;1/56! j/33! ^2! C;3C<3;12?! /6! 1-2! W5335j/6B! F;662.f! ;! 3/62! j/33! ^2!
1.;C2?!W.5F!1-2!F2?/;3!^5.?2.!5W!1-2!0C;=<3;!15!1-2!F/??32!5W!1-2!B3265/?!W500;g!U!02BF261!j/33!
1-26!^2!?.;j6!=2.=26?/C<3;.3M!15!1-2!3/629!W.5F!1-2!j/?201!=;.1!5W!1-2!-<F2.;3!-2;?!TU,]g!R-2!

")%!
!
326B1-!5W!1-2!;612./5.!=;.1!5W!1-/0!02BF261!TUD]!?/O/?2?!^M!1-2!TU,]!02BF261!j/33!^2!F<31/=3/2?!
^M! "''! 15! 5^1;/6! 1-2! =2.C261;B2! F/B.;1/56! 5W! 1-2! -<F2.;3! -2;?g! U! =2.C261;B2! ^235j! )'l!
/6?/C;120!=5012./5.!F/B.;1/56!5W!1-2!-<F2.;3!-2;?g!R-/0!F2;0<.2F261!/0!e</CK!15!C;..M!5<1!;6?!
/0!<02?!/6!^51-!.202;.C-!;6?!.5<1/62!C3/6/C;3!=.;C1/C2!/6!C-/3?.26!;6?!^;^/20!j/1-!4P4D!15!-23=!
=.25=2.;1/O2! ?2C/0/56! F;K/6B! W5.! 1-2! 1M=2! 5W! /612.O261/56! ;6?! =501Q5=2.;1/O2! W5335j! <=TX;6!
@232/6!X/1./6B;!21!;3g!('"":!O;6!?2.!E3</k0!21!;3g!(''&:!4g!7g!i;12.09!EF/1-9!21!V;.;F/335!"%%$]g!
_61.;Q! ;6?! /612.Q.;12.! .23/;^/3/1M! -;O2! ^226! 0-5j6! 15! ^2! 2IC2332619! j/1-! ;! +l! 201/F;12?!
F2;0<.2F261!2..5.!TG/==2.1!21!;3g!('"(]g!7[_!?;1;!j/33!^2!;6;3M02?!C261.;33M!T;1!D.201!,H[a]!
^M! 1j5! 1.;/62?! /6O201/B;15.0! <0/6B! 1-2! 0;F2! B</?23/620! /6! 5.?2.! 15! F/6/F/02! /612.Q.;12.!
O;./;^/3/1M!;6?!15!260<.2!1-2!^3/6?/6B!5W!1-2!2O;3<;15.g!!
!
E#$.(,+/-*;2%$.1#*M#+)2/#)*9%+30#*R@*
@3265/?!.21.5O2.0/56!;6?!1-.22Q?/F260/56;3!?2W5.F/1M!!
R-2!W5335j/6B!7[_!F2;0<.2F2610!j/33!^2!C5F=;.2?!;1!O/0/10!(!;6?!"'!T""!;6?!"$!F561-0!
5W! ;B2]! 15! ?212.F/62! 1-2! 2WW2C1/O26200! 5W! DR_! .23;1/O2! 15! 1-2! 0-;F! 1.2;1F261! /6! 3/F/1/6B! 1-2!
=.5B.200/56!5W!B3265/?!.21.5O2.0/56!;6?!1-.22Q?/F260/56;3!?2W5.F/1Mf!!
"]! (8! B3265/?! O2.0/56! j/33! ^2! F2;0<.2?! 56! ;6! ;I/;3! /F;B2! <0/6B! J./2?F;6c0!
12C-6/e<2TJ./2?F;69! H;j1-5.629! 21! @262\! "%%(]g! R-/0! F2;0<.2F261! -;0! ^226!
O;3/?;12?!;6?!/0!<02?!/6!C3/6/C;3!=.;C1/C2!;6?!.202;.C-T4qM-/r!21!;3g!(''):!G/==2.1!21!
;3g!('"(]g!!
(]! #8! B3265/?! O2.0/56! ;6?! #8! F/B.;1/56! 5W! 1-2! -<F2.;3! j/33! ^2! F2;0<.2?! 56! 7[_0!
W5335j/6B!#8!.2C5601.<C1/56g!R-202!5./B/6;3!F2;0<.2F2610!j2.2!.2C2613M!<02?!W5.!
1-2!W/.01!1/F2TD.5C-;.?!21!;3g!('"*]!;6?!j/33!=.5O/?2!;6!2O;3<;1/56!5W!#8!0-5<3?2.!
?2W5.F/1M!;6?!1-2!2WW2C1!5W!DR_!56!1-2!?2W5.F/1Mg!!
!
4;00/O2!;6?!;C1/O2!F5O2F261!;6?!<==2.!3/F^!W<6C1/56!
R-.22! 01;6?;.?/\2?! 2O;3<;1/560! j/33! ^2! C;../2?! 5<1! ^M! 5CC<=;1/56;3! 1-2.;=/010! 5.!
=-M0/51-2.;=/010!15!C5F=;.2!1-2!2WW2C1!5W!DR_!;6?!1-2!0-;F!1.2;1F261!56!;C1/O2!;6?!=;00/O2!
k5/61!.;6B2!5W!F51/56!;6?!<==2.!3/F^!W<6C1/56g!U33!1-2.;=/010!j/33!<6?2.B5!1.;/6/6B!=./5.!15!1-2/.!
/6O53O2F261!/6!1-2!01<?M!/6!5.?2.!15!260<.2!1-2!.23/;^/3/1M!5W!F2;0<.20g!
"]! 4;00/O2!0-5<3?2.![P7!j/33!^2!F2;0<.2?!;1!1-2!^;023/62!T^2W5.2!1-2!7[_!;1!O/0/1!"9!
^21j226!"'!;6?!""!F561-0!5W!;B2]9!;1!O/0/10!+!;6?!"'!T")QF561-0!;6?!"$QF561-0!5W!
;B2!O/0/10]g!!
(]! R-2!U7E!TUC1/O2!75O2F261!EC;32]!j/33!^2!.;12?!;1!^;023/62!T^2W5.2!1-2!7[_!;1!O/0/1!
"9!^21j226!"'!;6?!""!F561-0!5W!;B2]9!;6?!;1!O/0/10!+!;6?!"'!T")QF561-0!;6?!"$Q

"*'!
!
F561-0!5W!;B2!O/0/10]g!R-/0!1201!2O;3<;120!<==2.!3/F^!01.26B1-!/6!^;^/20!j/1-!4P4D!
?<./6B!;C1/O2!F5O2F2610g!>;C-!F5O2F261!/0!.;12?!56!;6!$Q=5/61!0C;32!W.5F!'!T65!
F5O2F261]! 15! +! TC5F=3212! F5O2F261! ;B;/601! B.;O/1M]g! _1! -;0! 0;1/0W;C15.M!
=0MC-5F21./C!=.5=2.1/20T,<.1/0!21!;3g!(''(:!Ug!D/;35C2.K5j0K/9!Pc0-2;9!21!4/6!('"#]g!
#]! R-2! 7/6/QUHU! T7/6/Q;00/01/O2! H;6?! U00200F261]! j/33! ^2! .;12?! ;1! O/0/1! "! ;6?! "'!
T^;023/62! ;6?! 1-2! "$QF561-0! 5W! ;B2! O/0/10]g! R-/0! W<6C1/56;3! 2O;3<;1/56! F2;0<.20!
^/F;6<;3!=2.W5.F;6C2!?<./6B!B;F20!;6?!1;0K0g!_1!j;0!?20/B62?!W5.!C-/3?.26!;B2?!
W.5F!$!15!"$!F561-0T@.2;O20!21!;3g!('"#]g!!
!
R532.;6C2!
R-2!=;.2610!5W!1-2!^;^/20!/6!^51-!B.5<=0!j/33!^2!e<201/562?!;1!"'!?;M0!;6?!2;C-!F561-!
^21j226!"(!;6?!"$!F561-0!5W!;B2!<0/6B!;!01;6?;.?/\2?!e<201/566;/.2!1-;1!/6C3<?20!;!3/01!5W!;33!
=500/^32!0/?2!2WW2C10!5W!DR_g!!
!
,-;6B20!/6!F<0C32!01.<C1<.2!TDR_!B.5<=!563M]!
#8! 7[_! .2C5601.<C1/56T4560! 21! ;3g! ('"+]! ;6?! 1-2! O;3/?;12?! 12C-6/e<2! ?20C./^2?! ^M!
H5B26?55.6! 21! ;3gTH5B26?55.6! 21! ;3g! ('"']! j/33! ^2! <02?! 15! .20=2C1/O23M! 2O;3<;12! 1-2! ?/.2C1!
2WW2C10!5W!DR_!/6k2C1/560!56!F<0C32!O53<F2!;6?!W;11M!/6W/31.;1/56!5W!1-2!0-5<3?2.!F<0C320g!R-/0!
2O;3<;1/56!j/33!563M!^2!C;../2?!5<1!/6!1-2!DR_!B.5<=g!!!
!
J<1<.2!0<.B/C;3!/612.O261/560!
R5!?212.F/62!/W!DR_!.2?<C20!1-2!W.2e<26CM!;6?!C5F=32I/1M!5W!0<.B/C;3!/612.O261/560!/6!
1-2!356B!12.F9!0<.B/C;3!=.5C2?<.20!<6?2.B562!^M!1-2!C-/3?.26!/6!^51-!B.5<=0!T.2C5.?2?!?<./6B!
.5<1/62!F2?/C;3!W5335jQ<=]!j/33!^2!C5F=;.2?!<=!15!1-2!;B2!5W!"'!M2;.0g!!
!
S.$+%&.()*+(,*,+%+*1+(+H#1#(%*
>;C-! C261.2! j/33! F;6;B2! 1-2/.! 5j6! .2C.</1F261! 5W! ^;^/20! ;6?! 5.B;6/\;1/56! 5W! 7[_09!
C3/6/C;3! 2O;3<;1/560! ;6?! 1.2;1F261g! >32C1.56/C! ?;1;! j/33! ^2! 02C<.2?! ;6?! ;6;3M\2?! /6! ;! C261.;3!
?;1;^;02!F;6;B2?!^M!1-2!D.201!,H[ag!8;1;!j/33!^2!1-2!=.5=2.1M!5W!,H[a!D.201g!!
_6!;CC5.?;6C2!j/1-!@55?!,3/6/C;3!4.;C1/C2!T@,4]!B</?23/6209!1-2!0=5605.!/0!/6!C-;.B2!5W!
5^1;/6/6B!;B.22F261!W.5F!;33!C2612.0!/6O53O2?!/6!1-2!C3/6/C;3!.202;.C-9!/6!5.?2.!15!B<;.;6122!
?/.2C1!;CC200!15!;33!1-2!C3/6/C;3!.202;.C-!0/1209!15!;33!1-2!05<.C2!?;1;9!05<.C2!?5C<F2610!;6?!;33!
1-2!.2=5.10!W5.!1-2!=<.=502!5W!N<;3/1M!,561.53!;6?!;<?/1!^M!1-2!0=5605.g!!
U33!/6W5.F;1/56!.2e</.2?!W5.!1-2!01<?M!j/33!^2!2612.2?!/6!1-2!=;=2.!C;02!.2=5.1!W5.F0!
?<./6B! 2O;3<;1/5609! 1-26! 1.;60W2..2?! 15! 1-2! 232C1.56/C! C;02! .2=5.1! W5.F! T,3/60/B1-]g! _12F0! 5W!

"*"!
!
F/00/6B!?;1;!j/33!^2!C5?2?g!>;C-!C261.2!j/33!^2!.20=560/^32!W5.!C5F=321/6B!1-2!,[J0!W5.!1-2!
^;^/20!26.5332?!/6!1-2/.!C261.2g!>;C-!/6O201/B;15.!j/33!.2C2/O2!;6!/601.<C1/56!?5C<F261!.2B;.?/6B!
1-2!<02!5W!1-/0!1553g!R-2!/6O201/B;15.!j/33!^2!.20=560/^32!W5.!1-2!;CC<.;CM9!e<;3/1M!;6?!.232O;6C2!
5W!;33!1-2!?;1;!2612.2?g!_6!;??/1/569!1-2!?;1;!j/33!^2!/FF2?/;123M!O2./W/2?!;0!1-2M!;.2!2612.2?9!
<0/6B!C560/0126CM!C-2CK0g!!R-2!/6O201/B;15.!F<01!O;3/?;12!;6M!C-;6B20!15!1-2!O;3<20!/6!1-2!,[Jg!
R-202! F5?/W/C;1/560! j/33! ^2! 0<^k2C1! 15! ;6! ;<?/1! 1.;/3g! U! k<01/W/C;1/56! C;6! ^2! ;??2?! j-26!
;==3/C;^329!;0!;!C5FF261g!8;1;!F;6;B2F261!;6?!e<2.M!=.5C200/6B!j/33!^2!C;../2?!5<1!^M!;!?;1;!
F;6;B2.g!!
!
U!,3/6/C;3![202;.C-!U00/01;61!T,[U]!;==5/612?!^M!1-2!0=5605.!j/33!260<.2!1-2!B55?!.<66/6B!5W!
1-2!01<?M9!?;1;!C5332C1/56!56!1-2!=;=2.!,[J9!?;1;!.2C5.?/6B!/6!1-2!232C1.56/C!,[J9!?;1;!0;O/6B!
;6?!.2=5.1/6B!/6!;CC5.?;6C2!j/1-!1-2!0=5605.c0!E1;6?;.?/\2?!P=2.;1/6B!4.5C2?<.20!;0!j233!;0!
1-2!@,4!B</?23/620!;6?!C<..261!32B/03;1/56!;6?!3;j0!/6!W5.C2g!!
R-2! /6O201/B;15.! ;6?! 1-2! F2F^2.0! 5W! -/0o-2.! 12;F! j/33! ;B.22! 15! ^2! ;O;/3;^32! ?<./6B! ;33! 1-2!
.5<1/62!;6?!=3;662?!N<;3/1M!,561.53!O/0/10!^M!1-2!,[Ug!8<./6B!1-202!O/0/109!1-2!W5335j/6B!j/33!
^2!;<?/12?f!0/B62?!/6W5.F2?!C5602619!C5F=3/;6C2!j/1-!1-2!01<?M!=.515C53!;6?!=.5C2?<.209!?;1;!
.2C5.?2?!/6!1-2!,[Jf!;CC<.;CM9!F/00/6B!?;1;9!C560/0126CM!^21j226!1-202!?;1;!;6?!1-2/.!m05<.C2n!
TF2?/C;3!W/3209!5./B/6;3!3;^5.;15.M!.20<3109!21Cg]9!=.5?<C1!F;6;B2F261!;6?!/6O201/B;15.!W/32g!R-2!
/6O201/B;15.0!;B.22!15!;CC2=1!1-2!e<;3/1M!;00<.;6C2!;<?/10!C;../2?!5<1!^M!1-2!0=5605.!;0!j233!;0!
1-2!/60=2C1/560!C;../2?!5<1!^M!1-2!C5F=21261!;<1-5./1/20g!U33!?;1;9!?5C<F2610!;6?!.2=5.10!F;M!
^2!0<^k2C1!15!.2B<3;15.M!;<?/10!;6?!/60=2C1/560g!72?/C;3!C56W/?261/;3/1M!C;6651!^2!/6O5K2?!/6!
5==50/1/56!15!1-202!;<?/10!;6?!/60=2C1/560g!
U6M!?;1;!0261!15!1-2!0=5605.!^M!1-2!/6O201/B;15.0!T5.!;6M!51-2.!0=2C/;3/02?!=;.1/20]!?<./6B!5.!
;W12.! 1-2! ^/5F2?/C;3! .202;.C-! j/33! ^2! ;656MF/02?g! R-202! ?;1;! 0-5<3?! 651! .2O2;3! ;6M! O/0/^3M!
;CC<.;12! 6;F20! ;6?! ;??.20020! 5W! 26.5332?! T/6O53O2?]! /6?/O/?<;30g! P63M! 1-2! W/.01! 32112.! 5W! 1-2!
0<^k2C1c0!6;F2!;6?!W/.01!6;F2!j/33!^2!0;O2?!;356B!j/1-!;!C5?2?!6<F^2.!/6?/C;1/6B!1-2!5.?2.!5W!
/6C3<0/56!5W!1-2!0<^k2C10g!R-2!0=5605.!j/33!260<.2!1-;1!1-2!=;.261!5W!2;C-!.202;.C-!0<^k2C1!-;0!
B/O26!=2.F/00/56!/6!j./1/6B!W5.!;CC200!15!=2.056;3!/6W5.F;1/56!;^5<1!1-2!^;^M!j-/C-!/0!01./C13M!
62C200;.M!W5.!1-2!e<;3/1M!C561.53!5W!1-2!.202;.C-g!
!
E+160#*)&B#*+(,*)%+%&)%&$+0*+(+0-)&)!
L5! 356B/1<?/6;3! ?;1;! .2B;.?/6B! 1-2! =.5B.200/56! 5W! ^56M! ?2W5.F/1/20! /6! C-/3?.26! j/1-!
4P4D!;.2!;O;/3;^32!/6!1-2!3/12.;1<.2g!P63M!1.;60O2.0;3!01<?/20!-;O2!^226!C;../2?!5<19!/6?/C;1/6B!
1-;1!=5012./5.!0<^3<I;1/56!/0!0/B6/W/C;613M!B.2;12.!56!1-2!;WW2C12?!0/?2!C5F=;.2?!j/1-!1-2!-2;31-M!
0/?2! ;1! 1-2! ;B2! 5W! &g$! F561-0! T;WW2C12?! 0/?2f! #(g"l! Q! E8x"%g+l! O0g! -2;31-M! 0/?2f! &%g$l! Q!

"*(!
!
E8x+g#l]TX;6! @232/6! X/1./6B;! 21! ;3g! ('""]g! R-2! C;3C<3;1/56! 5W! 1-2! 6<F^2.! 5W! 0<^k2C10!
62C200;.M!W5.!1-/0!01<?M!j;0!^;02?!56!;!?/WW2.26C2!5W!562!01;6?;.?!?2O/;1/56!;1!"(!F561-09!W5.!
;!01;6?;.?!?2O/;1/56!5W!)lg!
_6!5.?2.!15!B<;.;6122!;!=5j2.!5W!%'l9!;!0;F=32!5W!((!^;^/20!=2.!B.5<=!/0!.2e</.2?9!1-<0!;!151;3!
5W!&&g!_6!5.?2.!15!;CC5<61!W5.!^;^/20!3501!15!W5335jQ<=!T"'l]!;6?!^;^/20!j-5!j/33!651!^2!1.2;12?!
^2C;<02!5W!;!3;CK!5W!1.<2!0<^3<I;1/56!56!7[_9!*(!^;^/20!j/33!^2!.2C.</12?g!!
R-2!C-;.;C12./01/C0!5W!1-2!^;^/20!/6!^51-!B.5<=0!j/33!^2!?20C./^2?!<0/6B!F2;609!01;6?;.?!
?2O/;1/5609! F2?/;609! e<;.1/320! 5.! W.2e<26C/20g! 72;6! C-;6B20! /6! (8! =2.C261;B2! -<F2.;3!
0<^3<I;1/569!#8!-<F2.;3!0<^3<I;1/569!(8!;6?!#8!B3265/?!O2.0/569!1-2!U7E!0C5.2!;6?!=;00/O2!
0-5<3?2.! [P7! j/33! ^2! C5F=;.2?! <0/6B! ;6;3M0/0! 5W! C5O;./;6C2! TUL,PXU]! ;?k<012?! 56! 1-2!
/6/1/;3!O;3<20g!_W!1-2!-M=51-2020!<6?2.3M/6B!1-2!;6;3M0/0!5W!C5O;./;6C2!F5?23!;.2!651!.20=2C12?9!
;! 656Q=;.;F21./C! i/3C5I56! 1201! j/33! ^2! <02?g! E-5<3?2.! F<0C32! O53<F20! ;6?! 1-2! F/6/QUHU!
0C5.20!j/33!^2!C5F=;.2?!^21j226!1-2!B.5<=0!<0/6B!;!E1<?261!1201!5.!;!656Q=;.;F21./C!7;66Q
i-/162M!12019!?2=26?/6B!56!1-2!?/01./^<1/56!5W!1-2!O;./;^32!5W!/612.201g!G;013M9!1-2!6<F^2.!5W!
02./5<0!;6?!656Q02./5<0!;?O2.02!2O26109!;6?!1-2!?2B.22!5W!W/^.50/0!;6?!W;11M!/6W/31.;1/56!j/33!^2!
C5F=;.2?!^21j226!1-2!1j5!B.5<=0!<0/6B!;!,-/(!1201!5.!J/0-2.c0!2I;C1!12019!05!;0!1-2!6<F^2.!5W!
02C56?;.M!0<.B2./20g!=y'g')!j/33!^2!C560/?2.2?!;0!01;1/01/C;33M!0/B6/W/C;61g!!
8;1;!;6;3M0/0!j/33!^2!C;../2?!5<1!56!;6!/61261/56!15!1.2;1!^;0/0!^M!;!^/501;1/01/C/;6!;W12.!
^3/6?!.2O/2j!;6?!?;1;^;02!W.22\/6B!;1!1-2!26?!5W!1-2!01<?Mg*L5!/612.F2?/;12!;6;3M0/0!/0!=3;662?!
?<./6B!1-/0!1./;3g!
!
KIEGLEEI;J*
R-/0! =;=2.! =.202610! 1-2! ^;CKB.5<6?! ;6?! ?20/B6! W5.! ;! F<31/C261.2! ?5<^32Q^3/6?!
.;6?5F/02?!C561.5332?!1./;3!15!2O;3<;12!1-2!2WW2C1/O26200!5W!DR_!/6!1-2!0-5<3?2.!/612.6;3!.51;15.!
F<0C320! 5W! "(! F561-! 53?! ^;^/20! /6! 3/F/1/6B! 1-2! =.5B.200/56! 5W! =5012./5.! 0<^3<I;1/56! 5W! 1-2!
B3265-<F2.;3!k5/619!C5F=;.2?!j/1-!;!0-;F!=.5C2?<.2g!R5!5<.!K65j32?B29!1-/0!/0!1-2!W/.01!01<?M!
j/1-! ;! 0<WW/C/2613M! .5^<01! F21-5?535BM! 15! ;335j! C56C3<0/560! 15! ^2! ^;02?! 56! ;! -/B-! 32O23! 5W!
2O/?26C2g!R-2!=./F;.M!26?Q=5/619!C-;6B2!/6!1-2!=2.C261;B2!=5012./5.!F/B.;1/56!5W!1-2!-<F2.;3!
-2;?!F2;0<.2?!56!;6!;I/;3!7[_!/F;B2!^21j226!""!F561-0!T^2W5.2!DR_]!;6?!"$!F561-0!5W!;B2!
T*! F561-0! =501! DR_]9! -;0! ^226! C-5026! W5.! /10! C3/6/C;3! .232O;6C2! ;6?! /10! 01.56B! =0MC-5F21./C!
=.5=2.1/20! C5F=;.2?! j/1-! C3/6/C;3! 5.! W<6C1/56;3! ;00200F261! /6! 1-/0! =5=<3;1/56g! ,3/6/C;3!
2O;3<;1/560! C;../2?! 5<1! ^2W5.2! ;6?! ;W12.! DR_! j/33! ?212.F/62! 1-2! 2WW2C10! 5W! 1-2! 1.2;1F261! 56!
0-5<3?2.![P7!;6?!W<6C1/56;3!C;=;C/1Mg!>O;3<;1/560!j/33!^2!C;../2?!5<1!F561-3M9!j/1-!;312.6;12!
=-562!C561;C10!;6?!?/.2C1!C560<31;1/560!/6!5.?2.!15!3/F/1!1.;O23/6B9!=.5F512!;?-2.26C2!;6?!3/F/1!
350020!15!W5335jQ<=g!D2C;<02!1-2.2!/0!C<..2613M!65!F;.K21/6B!;<1-5./0;1/56!W5.!DR_!/6!/6W;610!

"*#!
!
<6?2.!1-2!;B2!5W!1j5!M2;.09!0=2C/;3!;11261/56!j;0!=;/?!15!1-2!0;W21M!;00200F261g!R-2!<02!5W!;!
0M012F;1/C!;6?!?21;/32?!e<201/566;/.2!j/33!M/23?!?21;/32?!;6?!0=2C/W/C!?;1;9!C56W/.F/6B!5.!651!
1-2!0;W21M!5W!DR_!^2W5.2!1-2!;B2!5W!1j5!M2;.0g!R-2!.20<310!5W!1-2!01<?M!C5<3?!32;?!15!;!.2e<201!
W5.!;6!2O;3<;1/56!^M!1-2!J.26C-!L;1/56;3!UB26CM!W5.!72?/C/620!;6?!H2;31-!4.5?<C10!E;W21M!
TULE7]!W5.!R2F=5.;.M![2C5FF26?;1/56!W5.!a02!TR[a0]!5W!^51<3/6<F!15I/6!/6!C-/3?.26!j/1-!
4P4Dg!_1!/0!2I=2C12?!1-;1!1-2!.20<310!5W!1-/0!1./;3!j/33!^2!=<^3/0-2?!/6!=22.Q.2O/2j2?!0C-53;.3M!
k5<.6;30!;6?!/612.6;1/56;3!;C;?2F/C!C56W2.26C20g!
!
!
!
!
!!
!

"*&!
!
!
!
!
>+30#*R*C*T&)&%)*+(,*)%2,-*6/.$#,2/#*
"#$#%!&!'!
"#$#%!)'!! "#$#%!! "#$#%!
:;* "#$#%! "#$#%! "#$#%!-!'! "#$#%! "#$#%!
:B* *'!E:;* &0'!:L*
3%"#-.* "#$#%! +'!!:F* ,'!:H* :I* .!'!:J* /!'!:K*
3%"#-.* ?%.#D* 3%"#-.*
%<*/5,! ('!!::* 3%"# 3%"# 3%"#-.* 3%"# 3%"#
%<*/5,! )"C,(#)% %<*/5,!
=!"(0'.)% 3%"# -.*%<* -.*%<* %<*/5,! -.*%<* -.*%<*
D$%&.(! =)"C,(#)% "! =+A!>*
">* -.*%<* /5,! /5,! =3,&)(/0* /5,! /5,!
">* =3,&)( #-,$/?).
3,&)(/0* /5,! =G-%" =G-%" /"&* =G-%" =G-%"
3,&)(/0* /0* #.*
/"&* =+A!@! ,*(/00* ,* #-,$/?).# ,* ,*
<%00%8D <%00%8D 3,&)(/0
#-,$/?).# @! (/00@! .@! (/00@! (/00@*
'?*0@! '?@! @!
.@!
!"<%$3,&* ! ! ! ! ! ! ! ! !
M!
(%".,"#!
!"(0NO,P(0N* ! ! ! ! ! ! ! ! !
M!
($)#,$)/!
+,&)(/0* ! ! ! ! ! ! ! ! !
S!
-).#%$1!
Q%#)<)(/#)%"* %<*
,P).#)"5* /"&* ! ! ! ! ! ! ! !
!!!!!!!!Sz!!
?0/"",&**
GRGS*(/$,*!
T(#)U,* /"&*
?/..)U,*
.-%'0&,$* ! ! ! ! ! !
!!!!!!!!Sz!!! S! S!!
$/"5,* %<*
3%#)%"*
=AR+@!
T(#)U,*
+%U,3,"#* !!!!!!!Sz! ! ! ! ! S! ! ! S!!
V(/0,*=T+V@!
+A!* %<* 6%#-* ! ! ! ! ! ! ! !
S! S!
.-%'0&,$.*!
3)")DTWT* ! ! ! ! ! ! !
!!!!!!!!Sz!!! S!!
V(/0,!
A/3&%3)./#) ! ! ! ! ! ! ! ! !
S!
%"*($)#,$)%"!
A/"&%3)./#)%
! ! S! ! ! ! ! ! ! !
"*
S4!* !"C,(#)%".*
%$* V-/3* ! ! S! ! ! ! ! ! ! !
?$%(,&'$,*
Q%#)<)(/#)%"* %<*
(/$,* =.'$5,$1* ! ! S! ! ! ! ! ! ! !
%$*%#-,$@*!
2.#/60).-3,"#*
%<* ! ! S! ! ! ! ! ! ! !
.#/"&/$&)X,&*

"*)!
!
?-1.)%#-,$/?1*
<%008D'?*!
Y%00%8D'?* %<* ! ! ! S! S! S! S! S! S! S!
?-1.)%#-,$/?1*!
T&U,$.,* ! S! S! S! S! S! S! S! S! S!
2U,"#.!
Z"60)"&)"5! ! ! ! ! ! ! ! ! ! S!
z!!!!!!!!!!!!!!!!!!!!!!!!!!!!!f!
S [)00*6,*(/$$),&*%'#*6,<%$,*+A!**
*
*
U&H2/#*R*C*U0.8*$7+/%*

!
!
!

"**!
!
D$V(.80#,H#1#(%)**
R-2!;<1-5.0!;CK65j32?B2!,-352!D<.2;<9!D-<0-;6!D5.51/K;.9!,A3/62!8535<9!X;3261/62!@</1569!
7A3;6/2! 4235</69! >FF;6<23! L5O;K! W5.! 1-2/.! -23=! /6! ^</3?/6B! 1-/0! =.5k2C1! ;6?! V5-;66;!
[5^2.1056!W5.!-2.!-23=!/6!.2O/0/6B!>6B3/0-g!!!!!
D2%7./*)%+%#1#(%*
,4!;6?!ED!C56C2/O2?!1-2!01<?M!;6?!?2W/62?!1-2!5./B/6;3!01<?M!=.515C53g!LN49!JJ9!,4!;6?!ED!
?2O235=2?!1-2!/612.O261/56!=;.;F212.0g!7@!;6?!8DE!?2W/62?!1-2!.;?/535B/C;3!=;.;F212.0!;6?!
?2O235=2?!.;?/535B/C;3!=.515C530g!>8!/0!.20=560/^32!W5.!1-2!21-/C0!;==3/C;1/560!;6?!1-2!21-/C;3!
.2=5.1/6B!5W!1-2!01<?Mg!JJ9!LN49!,49!GH9!;.2!.20=560/^32!W5.!.2C.</1F2619!?;1;!C5332C1/56!;6?!
/F=32F261;1/56!5W!1-2!01<?Mg!@@!/0!.20=560/^32!W5.!1-2!01<?M!F21-5?535BMg!4P4D15I!B.5<=!
/6O53O20!=-M0/C/;60!j-5!;.2!563M!/F=3/C;12?!W5.!.2C.</1F261!;6?!?;1;!C5332C1/56g!!
U33! ;<1-5.0! -;O2! .2;?! ;6?! ;==.5O2?! 1-2! W/6;3! F;6<0C./=1g! ,49! >8! ;6?! ED! ?.;W12?! 1-2! W/6;3!
O2.0/56!5W!1-/0!F;6<0C./=1!
U2(,&(H**
R-/0!j5.K!j;0!0<==5.12?!!^M!;!J.26C-!6;1/56;3!4H[,!")!Q($(!!!
K&)$0+&1#/**
R-2!W<6?/6B!^5?M!/0!651!/6O53O2?!/6!1-2!01<?M!?20/B69!?;1;!C5332C1/569!F;6;B2F2619!;6;3M0/09!
;6?!/612.=.21;1/56!5W!?;1;g!R-2!;<1-5.0!-;O2!1-2!<31/F;12!;<1-5./1M!5O2.!1-202!;C1/O/1/20g!
G.16#%&(H*&(%#/#)%)!L562g!
E6.()./*
D.201!,H[a9!(!;O26<2!J5C-9!(%(''!D.2019!J.;6C2!
!%7&$)*+66/.'+0**
R-2!P<201!"![202;.C-!>1-/C0!,5FF/1122!T6u!('")Q[((]!;6?!ULE7!T")"#)+UQ#"];==.5O2?!
1-2!=.515C53g!!
K+%+*)7+/&(H*)%+%#1#(%**
_6!;CC5.?;6C2!j/1-!1-2!=.515C539!1-2!01<?M!?;1;!j/33!^2!=<^3/0-2?g

"*+!
!
"!#Q3/)05'+3/'#-%#0.#*HR'%#

N=,>! -,.! ,(+'().! "%0.,()'()! $(,! "'%'-@.*,! #5.)0)%*/'-,! 1$! "-,6$.! 5%'/=*'-! C898:L! .'(.!
%0/$"0%')*#(!/#4"-A),D!1,.!.0&$,--,.!.,/#(1'*%,.!O!-2')),*(),!(,%3,$.,!1$!4,45%,!.$"0%*,$%!
",%.*.),();!N,.!.0&$,--,.!.#()!O!-2#%*7*(,!1,!10+*/*,(/,.D!-*4*)')*#(.!1,.!'/)*3*)0.D!%,.)%*/)*#(.!
1,!"'%)*/*"')*#(!'$!.,(.!1,!-'!NWm!CN-'..*+*/')*#(!W(),%(')*#('-,!1$!m#(/)*#((,4,()L!,)!12$(,!
%01$/)*#(!1,!-'!&$'-*)0!1,!3*,;!!
!
?2')),*(),! 1,! -20"'$-,! ,)! "-$.! "'%)*/$-*A%,4,()! 1,! -2'%)*/$-')*#(! 7-0(#S=$40%'-,D! ,.)! -'!
"%*(/*"'-,! /'$.,! 1,! 4#%5*1*)0! 1'(.! /,)),! "#"$-')*#(;! ?,.! /#(.0&$,(/,.! 4$./$-#S
.&$,-,))*&$,.! .#()! 4'T,$%,.! '$! (*3,'$! 1,! /,)),! '%)*/$-')*#(;! Z--,.! .#()! "%0.,(),.! )%A.!
"%0/#/,4,()!,)!",%.*.),()!O!-2q7,!'1$-),;!P$!(*3,'$!4$./$-'*%,D!-'!10(,%3')*#(!,.)!O!-2#%*7*(,!
12$(,! '-)0%')*#(! 1,! -,$%! +#(/)*#(;! ?,.! 4$./-,.! 7-0(#S=$40%'$6! .#()! '*(.*! -*4*)0.! 1'(.! -,$%!
/'"'/*)0!O!70(0%,%!1,!-'!+#%/,!,)!O!4#5*-*.,%!-2'%)*/$-')*#(!7-0(#S=$40%'-,;!<(,!",%)$%5')*#(!
1,! -'! /%#*..'(/,! 4$./$-'*%,! ,.)! 07'-,4,()! "%0.,(),D! O! -2#%*7*(,! 12$(,! ",%),! 12'4"-*)$1,.!
'%)*/$-'*%,.!"'..*3,.D!"-$.!"'%)*/$-*A%,4,()!1'(.!/,%)'*(.!1,7%0.!1,!-*5,%)0D!/#44,!-'!%#)')*#(!
,6),%(,;! ?2')),*(),! 4$./$-'*%,! ,)! -'! -*4*)')*#(! 1,.! 4#$3,4,().! '$! (*3,'$! 1,! -2'%)*/$-')*#(!
7-0(#S=$40%'-,!.#()!O!-2#%*7*(,!12$(,!4#1*+*/')*#(!1,.!/#()%'*(),.!40/'(*&$,.!,6,%/0,.!.$%!
/,)),!'%)*/$-')*#(!/#(1$*.'()!O!.'!10+#%4')*#(;!?,!4'*()*,(!1,!-'!/#(7%$,(/,!7-0(#S=$40%'-,!
,)!-'!4#5*-*)0!1,!-20"'$-,!.#()!1,.!#5T,/)*+.!1,!"%*.,!,(!/='%7,!4'T,$%.!/=,>!-2,(+'()!'3,/!898:!
.'(.!%0/$"0%')*#(!/#4"-A),;!
!
N=,>!/,.!,(+'().D!-2')),*(),!1$!/#$"-,!'7#(*.),S'()'7#(*.),!.$5./'"$-'*%,S*(+%'0"*(,$6!'*(.*!
&$,! .,.! /#(.0&$,(/,.! #()! 0)0! ."0/*+*&$,4,()! 0)$1*0,.;! N,",(1'()D! -'! /#(('*..'(/,! 1,!
-2')),*(),! 1,! -2,(.,45-,! 1,.! 4$./-,.! *4"-*&$0.! 1'(.! -'! 4#5*-*.')*#(! 1,! -2'%)*/$-')*#(! 7-0(#S
=$40%'-,!%,.),!*(/#4"-A),;!M,!4B4,D!-'!",%)$%5')*#(!1,!-'!4#)%*/*)0!1,!-20"'$-,!'!0)0!5*,(!
10/%*),!4'*.!-,.!."0/*+*/*)0.!1,!4#$3,4,()!1,.!4,45%,.!.$"0%*,$%.!,)!-,.!4#1*+*/')*#(.!1,!
/*(04')*&$,!'$!(*3,'$!1,.!'$)%,.!'%)*/$-')*#(.!.#()!4#*(.!/#(($,.;!!
!

! "*$!
P+*(! 12#5),(*%! $(,! 03'-$')*#(! "%0/*.,D! #5T,/)*3,! ,)! &$'()*)')*3,! 1,! 1,! -'! 1@.+#(/)*#(! 1$!
4,45%,! .$"0%*,$%! ,)! "-$.! "'%)*/$-*A%,4,()! 1,! -2'%)*/$-')*#(! /#4"-,6,! &$2,.)! -20"'$-,D!
-203'-$')*#(!/-*(*&$,!1#*)!B)%,!/#4"-0)0,!"'%!1,.!,6"-#%')*#(.!/#4"-04,()'*%,.;!!
Z)'()! 1#((0! -,! -*,(! ,()%,! -'! 4#%"=#-#7*,! 1,.! 4$./-,.! ,)! -,$%! +#(/)*#(D! -2$)*-*.')*#(! 1,!
),/=(*&$,.!12*4'7,%*,!"'%'s)!-'!4,*--,$%,!03'-$')*#(!"#$%!,6"-#%,%!-2')),*(),!1,.!4$./-,.!1,!
-20"'$-,;! ?,.! 3#-$4,.! 4$./$-'*%,.! ,(! "'%)*/$-*,%D! 5*,(! /#%%0-0.! '3,/! -'! +#%/,! 4$./$-'*%,D!
",$3,()! B)%,! #5),($.! ,(! WXY! "'%! 1,.! ),/=(*&$,.! 1,! .,74,()')*#(! 4'($,--,.! #$!
'$)#4')*&$,.!'"%A.!'/&$*.*)*#(;!?,.!"%#"%*0)0.!40)%#-#7*&$,.!1,!/,.!),/=(*&$,.!3'%*'()!,(!
+#(/)*#(!1,.!),/=(*&$,.!4'*.!'$..*!1,.!4$./-,.!O!.,74,(),%D!-,!/=#*6!1,!-'!),/=(*&$,!1#*)!.,!
+'*%,!,(!+#(/)*#(!1$!)@",!1,!4$./-,.!O!,6"-#%,%!,)!1,!-'!"%0/*.*#(!%,/=,%/=0,;!N=,>!-2,(+'()!
'3,/! 898:D! (#$.! .#$='*)*#(.! $(,! *4"#%)'(),! "%0/*.*#(! ,)! '3#(.! /=#*.*! $(,! ),/=(*&$,! 1,!
.,74,()')*#(! 4'($,--,! 12$(! 7%'(1! (#45%,! 1,! /#$",.;! l#$.! '3#(.! 4#()%0! $(,! ')%#"=*,!
3'%*'5-,!1,.!4$./-,.!4#5*-*.'),$%.!1,!-2'%)*/$-')*#(!7-0(#S=$40%'-,!03'-$0.!C.$5./'"$-'*%,D!
*(+%'0"*(,$6!,)!",)*)!%#(1D!7%'(1!%#(1D!.$"%'0"*(,$6D!1,-)#j1,D!7%'(1!",/)#%'-L!O!-2#%*7*(,!1,!
10.0&$*-*5%,.! 1'(.! )#$.! -,.! /#$"-,.! '7#(*.),.S'()'7#(*.),.;! ?,! 4$./-,! 7%'(1! ",/)#%'-!
'""'%'*..'*)!%,-')*3,4,()!"%0.,%30D!/#()%*5$'()!'*(.*!'$!10.0&$*-*5%,!,(!+'3,$%!1,.!%#)'),$%.!
*(),%(,.;!?,!4$./-,!7%'(1!%#(1!'$!/#()%'*%,!0)'*)!"'%)*/$-A%,4,()!'++,/)0;!M,.!/#%%0-')*#(.!
,()%,!-,.!3#-$4,.!4$./$-'*%,.!,)!-'!+#%/,!0)'*,()!"%0.,(),.!4'*.!"-$.!+'*5-,.!&$,!/=,>!-2,(+'()!
'3,/!$(!103,-#"",4,()!)@"*&$,;!!
8#$%! ,6"-#%,%! -,! 4#$3,4,()! 1,.! 4,45%,.! .$"0%*,$%.! /=,>! /,.! ,(+'().D! (#$.! -2'3#(.!
,(%,7*.)%0! -#%.! 1,! =$*)! )q/=,.! .)'(1'%1*.0,.! '3,/! $(! .@.)A4,! #")#0-,/)%#(*&$,! 12'('-@.,!
&$'()*+*0,! 1$! 4#$3,4,();! ?'! ",%+#%4'(/,! 1$! 4#$3,4,()! 0)'*)! .')*.+'*.'(),! 4'*.! -'!
/*(04')*&$,!1,!-2,(.,45-,!1,.!'%)*/$-')*#(.!0)'*)!/='(70,;!P$!(*3,'$!1,!-2'%)*/$-')*#(!7-0(#S
=$40%'-,D! 1,.! '4"-*)$1,.! '%)*/$-'*%,.! %01$*),.! 0)'*,()! %,)%#$30,.! 1'(.! -,.! )%#*.! "-'(.! 1,!
-2,."'/,! '3,/! $(,! -*4*)')*#(! "'%)*/$-*A%,4,()! *4"#%)'(),! ,(! %#)')*#(! ,6),%(,;! M,.!
/#4",(.')*#(.! ,)! '1'")')*#(.! /*(04')*&$,.! 0)'*,()! (#)0,.! '$! (*3,'$! 1,! -2,(.,45-,! 1$!
4,45%,!.$"0%*,$%;!!
!
?2$)*-*.')*#(! 12#$)*-.! ),-.! &$,! WXY! ,)! -2'('-@.,! &$'()*+*0,! 1$! 4#$3,4,()! ",%4,)),()!
-2#5),()*#(! 1,! 1#((0,.! &$'()*)')*3,.! /'%'/)0%*.'()! -,.! 4$./-,.! *(1*3*1$,--,4,()! ,)! -,.!
'4"-*)$1,.! '%)*/$-'*%,.! '$)#%*.0,.! "#$%! /='&$,! 1,7%0! 1,! -*5,%)0D! 4'*.! '$..*! -,.! #.! ,)! -,.!
10+#%4')*#(.!#..,$.,.;!N,.!1#((0,.!"#$%%'*,()!B)%,!*()07%0,.!1'(.!$(!4#1A-,!5*#40/'(*&$,!

! "*%!
70(0%*&$,!)%*1*4,(.*#((,-!1$!4,45%,!.$"0%*,$%!"#$%!#5),(*%!$(!4#1A-,!."0/*+*&$,!O!-2,(+'()!
'3,/!898:;!Z(!",%4,))'()!$(,!4,*--,$%,!/#4"%0=,(.*#(!1,.!%,-')*#(.!,()%,!-,.!1*++0%,(),.!
')),*(),.D!4$./$-'*%,.D!#..,$.,.!,)!1$!4#$3,4,()D!/,!)@",!1,!4#1A-,!"#$%%'*)!/#()%*5$,%!O!
'40-*#%,%!-'!/#(('*..'(/,!1,!-'!"=@.*#"')=#-#7*,!1,!-2')),*(),!1,!-,$%!0"'$-,!,)!'*(.*!'40-*#%,%!
,)!."0/*+*,%!-,.!"%*.,.!,(!/='%7,!"%#"#.0,.;!!
!
P!"'%)*%!1,.!%0.$-)').!#5),($.!1'(.!-,.!'%)*/-,.!,6"-#%'()!-,!+#(/)*#((,4,()!1,!-20"'$-,!,)!1$!
4,45%,!.$"0%*,$%!/=,>!-,.!,(+'().!'3,/!898:D!1*++0%,().!#5T,/)*+.!,)!/*5-,.!)=0%'",$)*&$,.!
.#()!1*./$)0.;!?'!-$)),!/#()%,!-,!10.0&$*-*5%,!4$./$-'*%,!1,!-2,(.,45-,!1,.!%#)'),$%.!*(),%(,.!
"'%!%'""#%)!'$6!%#)'),$%.!,6),%(,.!'""'%'s)!/#44,!$(,!"%*#%*)0!1'(.!-'!"%*.,!,(!/='%7,!1,.!
,(+'().! '3,/! 898:;! l#$.! "%#"#.#(.! 1203'-$,%! -2*()0%B)! 12*(T,/)*#(.! 1,! )#6*(,! 5#)$-*(*&$,!
"%0/#/,.!1'(.!-,.!%#)'),$%.!*(),%(,.!"#$%!%0)'5-*%!-20&$*-*5%,!1$!/#$"-,!'7#(*.),S'()'7#(*.),!
,)! '*(.*! -*4*),%! -203#-$)*#(! 1,! -'! 10+#%4')*#(! 7-0(#S=$40%'-,D! ,)! '40-*#%,%! -'! 4#5*-*)0! 1,!
-20"'$-,!1'(.!$(!,..'*!/#()%[-,!%'(1#4*.0!4$-)*/,()%*&$,;!!
Z)'()! 1#((0! -2,++*/'/*)0! 1$! 4#$3,4,()! 1,.! 4,45%,.! .$"0%*,$%.D! -,! %,.",/)! 1,.!
/#4",(.')*#(.! 4*.,.! ,(! "-'/,! ,)! (#(! -'! -$)),! /#()%,! /,--,.S/*! '""'%'s)! (0/,..'*%,! /=,>! -,.!
,(+'().!"-$.!q70.!
!
?2WXY!1,!-20"'$-,!,)!-2'('-@.,!1$!4#$3,4,()!1$!4,45%,!.$"0%*,$%D!,(!"-$.!12B)%,!1,.!#$)*-.!
1,! %,/=,%/=,! /#44,! 1'(.! /,)),! )=A.,! "#$%%'*,()! 1,3,(*%! 1,.! #$)*-.! 12,6"-#%')*#(! /-*(*&$,!
7$*1'()!-,!.$*3*!,)!1,.!10/*.*#(.!)=0%'",$)*&$,.!%001$/')*3,.!,)!/=*%$%7*/'-,!*(1*3*1$'-*.0,.;!;

! "+'!
*

PQQ$:13(1.5%*4=1"$+"$(*$)=N#"$

VSU^/?9!Ug!('"*g!{!D.;C-/;3!432I<0!D/.1-!4;30Mf!7;6;B2F261!?<./6B!1-2!J/.01!`2;.!5W!G/W2!|g!R$#-%?/,&)(.*\*4$/'3/#%0%51>*
V'$5,$1*\*A,.,/$(-9*R4VA!"'(!T"!E<==3]f!E"()Q"#(g!-11=0foo?5/g5.Bo"'g"'"*okg510.g('")g')g''$g!
!
(Q!UCK3;6?9!8g!,g9!Jg!Y2M62k;?9!21!7g!@g!4;6?Mg!('""g!{!J<1<.2!R.26?0!/6!1-2!a02!5W!SQ[;M!J3<5.50C5=M!W5.!1-2!72;0<.2F261!
;6?!75?233/6B!5W!V5/61!751/56!|g!G$%(,,&)"5.*%<*#-,*!".#)#'#)%"*%<*+,(-/")(/0*2"5)",,$.*G/$#*WD]%'$"/0*%<*2"5)",,$)"5*)"*
+,&)()",!(()!TH"(]f!""#*!&$g!-11=0foo?5/g5.Bo"'g""++o'%)&&""%""&(($&'g!
!
#Q! UK;B/9! [M51;9! `5-2/! R;K;/9! 72B<F/! P-1;9! H/.5;K/! Y;62-/0;9! `;0<5! Y;j;K;F/9! 21! R210<5! J<K<6;B;g! (''%g! {!7<0C32!
X53<F2! ,5F=;.2?! 15! ,.500QE2C1/56;3! U.2;! _0! 75.2! U==.5=./;12! W5.! >O;3<;1/6B! 7<0C32! E1.26B1-! /6! `5<6B! ;6?! >3?2.3M!
_6?/O/?<;30!|g!T5,*/"&*T5,)"5!#$!T)]f!)*&!*%g!-11=0foo?5/g5.Bo"'g"'%#o;B2/6Bo;W="((g!
!
&Q!UK1;}9!8/32K9!D2M-;6!>.269!~\B2!Y26/}Q,5}K<69!21!>O./F!Y;.;?;BQE;MB/g!('"$g!{!J<6C1/56!/6!<6;WW2C12?!;.F0!5W!C-/3?.26!
j/1-! 5^0121./C! ^.;C-/;3! =32I<0! =;30M!|g! 2'$%?,/"* ]%'$"/0* %<* G/,&)/#$)(* Q,'$%0%51! ((! T&]f! *"'!"&g!
-11=0foo?5/g5.Bo"'g"'"*okg2k=6g('"$g'#g'')g!
!
)Q!U3!N;11;69!7g7g9!UgUgJg>3QE;M2?9!Ug`gU3Qp;-.;6/9!EgUg!U3Q7<1;/./9!7gE!U3QH;.^/9!Ug7gU3Q7<1;/./9!21!J:Eg!U3QY;-1;6/g!
(''%g!{!L;.;K;0!,3;00/W/C;1/56!5W!P^0121./C!D.;C-/;3!432I<0!4;30M![2O/0/12?!|g!]%'$"/0*%<*W/"&*V'$5,$1*=2'$%?,/"*^%0'3,@!
#&!T*]f!+$$!%"g!-11=0foo?5/g5.Bo"'g""++o"+)#"%#&'%#&$"$)g!
!
*QU31!7<.=-M9!7;.B/19!,;./6!i/33A69!21!Y;1-;./6;!Eg!E<662.-;B26g!('"#g!{![20=560/O26200!5W!a==2.!>I1.2F/1M!Y/62F;1/C!
72;0<.20!;6?!,3/6/C;3!_F=.5O2F261!8<./6B!1-2!J/.01!R-.22!7561-0!UW12.!E1.5K2!|g!Q,'$%$,-/6)0)#/#)%"*/"&*Q,'$/0*A,?/)$!(+!
T%]f!$&&!)#g!-11=0foo?5/g5.Bo"'g""++o")&)%*$#"#&%"''$g!
!
+QU69!YgLg9!R;K;-;0-/!Yg9!H;../B;6!Rg4g9!,-;5!>g`g!"%$"g!{!8212.F/6;1/56!5W!F<0C32!5./261;1/560!;6?!F5F261!;.F0|g!]%'$"/0*
%<*S)%3,(-/")(/0*2"5)",,$)"5*"'*!T#]f!($'Q($(g!!
!
$Q!U6B<235O;9!@;3/;!Xg9!>.j/6!?2!X3<B19!U3/01;/.!Lg!X;.?M9!>./K!ig!O;6!pj219!Vg!@2.1!O;6!8/kK9!7;.1/k6!Vg!Ug!7;3200M9!21!
V<../;;6!Hg!?2!@.551g!('"+g!{!,5C561.;C1/56!F2;0<.2?!j/1-!0-5.1Q.;6B2!01/WW6200!j;0!-/B-2.!/6!5^0121./C!^.;C-/;3!=32I<0!320/560!
=;1/2610! C5F=;.2?! 15! -2;31-M! 0<^k2C10!|g! ]%'$"/0* %<* S)%3,(-/")(.! *#! T5C15^.2]f! "%(!%*g!
-11=0foo?5/g5.Bo"'g"'"*okgk^/5F2C-g('"+g'$g'")g!
!
%QD;29! 856;3?! Eg9! 4212.! 7g! i;12.09! 21! 8;O/?! p<.;K5j0K/g! (''$g! {!,5..23;1/56! 5W! 42?/;1./C! P<1C5F20! 8;1;! ,5332C1/56!
_601.<F261! j/1-! 72;0<.20! 5W! UC1/O2! 75O2F261! /6! ,-/3?.26! j/1-! D.;C-/;3! 432I<0! D/.1-! 4;30M!|g! ]%'$"/0* %<* G,&)/#$)(*
R$#-%?,&)(.!($!T)]f!)$&!%(g!-11=0foo?5/g5.Bo"'g"'%+oD4Pg'^'"#2#"$"+^^$$^g!
!
"'Q!D;-F9!Vq.B9!D2.153?!i2/69!@;/1-!U3-;.209!,;6!85B;69!Y3;<0![;?2.F;C-2.9!21!J.A?A./C!EC-</6?g!(''+g!{!U00200F261!;6?!
R.2;1F261!5W!@3265-<F2.;3!V5/61!82W5.F/1/20!/6!,-/3?.26!E<WW2./6B!W.5F!a==2.!P^0121./C!D.;C-/;3!432I<0!4;30M!|g!]%'$"/0*%<*
G,&)/#$)(*R$#-%?,&)(.N*G/$#*S!"*!T&]f!(&#!)"g!-11=0foo?5/g5.Bo"'g"'%+oD4Dg'^'"#2#($'%()*$"g!
!
""Q!D;M519!7;.356!Gg9!21!>F;6!>3\2W1;jMg!('"$g!{!U6;15FM9!a==2.!G/F^9!D.;C-/;3!432I<0!|g!_6!V#/#G,/$0.g!R.2;0<.2!_03;6?!
TJG]f!E1;142;.30!4<^3/0-/6Bg!-11=foojjjg6C^/g63Fg6/-gB5Oo^55K0oLDY)'''"*og!
!
"(Q!D2;1569!8g!>g9!,g!D5F^;.?/2.9!Vg!Lg!Y;1\9!21!Vg!@g!i./B-1g!(''"g!{!U!R;I565FM!W5.![20=560/O26200!|g!]%'$"/0*%<*_0)")(/0*
2?)&,3)%0%51!)&!T"(]f!"('&!"+g!
!
"#Q! D-;.?j;k9! 4.;O2269! R;6M;! D<.B2009! Eg! [;k;! E;^;=;1-M9! H;./! X26K;1;.;F;6/9! 21! X26K;1;C-;3;F! _3;M;.;k;g! ('"#g!
{!,5..23;1/56!^21j226!,3/6/C;3!J/6?/6B0!;6?!,R!EC;6!4;.;F212.0!W5.!E-5<3?2.!82W5.F/1/20!/6!D/.1-!D.;C-/;3!432I<0!4;30M!|g!
4-,*]%'$"/0*%<*W/"&*V'$5,$1!#$!T$]f!"))+!**g!-11=0foo?5/g5.Bo"'g"'"*okgk-0;g('"#g'&g'()g!
!
"&Q! D/;35C2.K5j0K/9! U6?.2;! >g9! 21! 7;.M! @;32;g! (''*g! {!,5F=;./056! 5W! O/0<;3! ;6?! 5^k2C1/O2! e<;61/W/C;1/56! 5W! 23^5j! ;6?!
0-5<3?2.!F5O2F261!/6!C-/3?.26!j/1-!5^0121./C!^.;C-/;3!=32I<0!=;30M!|g!]%'$"/0*%<*S$/(-)/0*G0,P'.*/"&*G,$)?-,$/0*Q,$U,*!"C'$1!
"!T"]f!)g!-11=0foo?5/g5.Bo"'g""$*o"+&%Q+(("Q"Q)g!
!
")Q!D/;35C2.K5j0K/9!U6?.2;!>g9!R/F!i./B32M9!21!7;.M!@;32;g!(''*g!{![23/;^/3/1M!5W!1-2!XQEC5=2!EM012F!/6!1-2!72;0<.2F261!
5W!U.F!75O2F261!/6!,-/3?.26!j/1-!P^0121./C!D.;C-/;3!432I<0!4;30M!|g!E,U,0%?3,"#/0*+,&)()",*/"&*_-)0&*Q,'$%0%51!&$!T""]f!
%"#!"+g!-11=0foo?5/g5.Bo"'g"'"+oE''"("*(('*''"%%Sg!

! "+"!
!
"*Q! D/;35C2.K5j0K/9! U6?.2;9! Y;12! Pc0-2;9! 21! R;F/0! ig! 4/6g! ('"#g! {!40MC-5F21./C! 4.5=2.1/20! 5W! P<1C5F2! 72;0<.20! W5.!
,-/3?.26! ;6?! U?5320C2610! j/1-! D.;C-/;3! 432I<0! D/.1-! 4;30Mf! U! EM012F;1/C! [2O/2j!|g! E,U,0%?3,"#/0* +,&)()",* /"&* _-)0&*
Q,'$%0%51!))!T"(]f!"'+)!$$g!-11=0foo?5/g5.Bo"'g""""o?FC6g"("%&g!
!
"+Q!D3;\2O/C-9!U61-56M!Vg9!8;O/?![g!,532F;69!E;.;!H5.629!21!8;32!,;66;O;6g!(''%g!{!U6;15F/C;3!4.2?/C15.0!5W!7;I/F<F!
_05F21./C! ;6?! ,56C261./C! Y622! >I12605.! 75F261!|g! 2'$%?,/"* ]%'$"/0* %<* T??0),&* G-1.)%0%51! "')! T*]f! $*%!+$g!
-11=0foo?5/g5.Bo"'g"''+o0''&("Q''$Q'%+(Q+g!
!
"$Q!D5115F32M9!4g!Ug9!Rg!Hg!J5012.9![g!>g!U.B2.0/6B2.9!21!Gg!7g!4W2/W2.g!"%$&g!{!U![2O/2j!5W!L5.F;3!R/00<2!HM?.5B26!L7[!
[23;I;1/56!R/F20!;6?![23;I;1/56!72C-;6/0F0!W.5F!"Q"''!7H\f!82=26?26C2!56!R/00<2!RM=29!L7[!J.2e<26CM9!R2F=2.;1<.29!
E=2C/209!>IC/0/569!;6?!UB2!|g!+,&)(/0*G-1.)(.!""!T&]f!&()!&$g!-11=0foo?5/g5.Bo"'g"""$o"g)%))#)g!
!
"%Q! D5M3;69! Gg! Eg9! 21! 7g! J5<3;?O;6?g! (''"g! {!82O235=F261;3! U=.;I/;! U./0/6B! W.5F! L256;1;3! D.;C-/;3! 432I<0! 4;30M!|g!
Q,'$%0%51!)*!T&]f!)+*!++g!
!
('Q!D./6K9!`53;6?/9!21!N</62112!Ug!G5<jg!('"(g!{!,3/6/C;3!_601.<F2610f![23/;^/3/1M!;6?!X;3/?/1M!,./1/C;3!U==.;/0;3!|g!]%'$"/0*
%<*2U/0'/#)%"*)"*_0)")(/0*G$/(#)(,!"$!T*]f!""(*!#(g!-11=0foo?5/g5.Bo"'g""""okg"#*)Q(+)#g('""g'"+'+gIg!
!
("Q!D.5C-;.?9!EM3O;/69!Y;1-;./62!U312.9!21!8/;62!8;F/;65g!('"&g!{!E-5<3?2.!E1.26B1-!4.5W/320!/6!,-/3?.26!j/1-!;6?!j/1-5<1!
D.;C-/;3!4G>SaE!4UGE`!|g!+'.(0,*\*Q,$U,!)'!T"]f!*'!**g!-11=0foo?5/g5.Bo"'g"''(oF<0g(&'%%g!
!
((Q!D.5C-;.?9!EM3O;/69!V502=-!8g!75\/6B59!Y;1-;./62!>g!U312.9!21!J.;6C20!Rg!E-22-;6g!('"*g!{!R-.22!8/F260/56;3/1M!5W!@3265Q
H<F2.;3! 82W5.F/1/20! /6! P^0121./C;3! D.;C-/;3! 432I<0! 4;30M!|g! ]%'$"/0* %<* R$#-%?/,&)(* A,.,/$(-! #&! T&]f! *+)!$(g!
-11=0foo?5/g5.Bo"'g"''(ok5.g(#'&%g!
!
(#Q!D.5j69!Vg!7g!7g9!Vg!Dg!i/CK-;F9!8g!Vg!7CU6?.2j9!21!SgQJg!H<;6Bg!(''+g!{!7<0C320!j/1-/6!7<0C320f!,55.?/6;1/56!5W!"%!
7<0C32! E2BF2610! j/1-/6! R-.22! E-5<3?2.! 7<0C320! ?<./6B! _05F21./C! 7515.! R;0K0!|g! ]%'$"/0* %<* 20,(#$%31%5$/?-1* /"&*
7)",.)%0%519* R<<)()/0* ]%'$"/0* %<* #-,* !"#,$"/#)%"/0* V%(),#1* %<* 20,(#$%?-1.)%0%5)(/0* 7)",.)%0%51! "+! T"]f! )+!+#g!
-11=0foo?5/g5.Bo"'g"'"*okgk232K/6g('')g"'g''+g!
!
(&Q!D.5j69!E<0;6!Hg9![;C-23!L;=/2.9!X/.B/6/;!Eg!L230569!21!GM6?;!VgQEg!`;6Bg!('")g!{!H5F2QD;02?!75O2F261!R-2.;=M!/6!
L256;1;3!D.;C-/;3!432I<0!4;30Mf!U!,;02!E1<?M!|g!]%'$"/0*%<*W/"&*4-,$/?19*R<<)()/0*]%'$"/0*%<*#-,*T3,$)(/"*V%(),#1*%<*W/"&*
4-,$/?).#.!($!T#]f!#'+!"(:!e</\!#"#g!-11=0foo?5/g5.Bo"'g"'"*okgk-1g('"&g"'g''&g!
!
()Q! D<20C-9! J.;6C/0C;! ><B012.9! D;.^;.;! EC-3;2=W2.9! >3/6B! 8g! ?2! D.</69! @;^./23;! i5-3.;^9! ,5./662! UFF;66Q[2/WW2.9! 21!
U6?.2;0!72M2.QH2/Fg!('"'g!{!,5601.;/61Q_6?<C2?!75O2F261!R-2.;=M!W5.!,-/3?.26!j/1-!P^0121./C!D.;C-/;3!432I<0!4;30Mf!Rj5!
E/6B32Q,;02! E2./20!|g! !"#,$"/#)%"/0* ]%'$"/0* %<* A,-/6)0)#/#)%"* A,.,/$(-N* !"#,$"/#)%"/0,* `,)#.(-$)<#* Y'$*
A,-/6)0)#/#)%".<%$.(-'"5N* A,U',* !"#,$"/#)%"/0,* E,* A,(-,$(-,.* E,* A,/&/?#/#)%"! ##! T(]f! "$+!%(g!
-11=0foo?5/g5.Bo"'g"'%+o7[[g'^'"#2#($##"'?*2g!
!
(*Q! D<132.9! G2032M9! V;6/1-! 7/3309! H2;1-2.! 7g! [/C-;.?9! [<00233! [/??329! 7;.M^21-! >\;K/9! 21! EC511! P/0-/g! ('"+g! {!G56BQR2.F!
J5335jQ<=!5W!L256;1;3!D.;C-/;3!432I5=;1-Mf!40MC-535B/C;3!;6?!4-M0/C;3!J<6C1/56!/6!U?5320C2610!;6?!`5<6B!U?<310!|g!]%'$"/0*
%<*G,&)/#$)(*R$#-%?,&)(.!#+!T*]f!2#*&!*$g!-11=0foo?5/g5.Bo"'g"'%+oD4Pg''''''''''''"')&g!
!
(+Q!,-;.^566/2.9!,;2C/3/;9!U32I;6?.2!Gr?2.F;669!D;.1!Y2O23-;F9!EM3O;/6!,-;B<A9!4/2..2!H5WWF2M2.9!21!L/C53;0!H53\2.g!('"+g!
{!E-5<3?2.! E1.26B1-26/6B! >I2.C/020! U?;=12?! 15! E=2C/W/C! E-5<3?2.! 4;1-535B/20! ,;6! D2! E232C12?! a0/6B! L2j! E/F<3;1/56!
R2C-6/e<20f! U! 4/351! E1<?M!|g! !"#,$"/#)%"/0* ]%'$"/0* %<* _%3?'#,$* T..).#,&* A/&)%0%51* /"&* V'$5,$19! 02=12F^.2g!
-11=0foo?5/g5.Bo"'g"''+o0"")&$Q'"+Q"**$Q&g!
!
($Q! ,-;<-;69! E<6221! 4g9! E2;6! Dg! D3;CKj2339! 21! ,;6?2! Xg! U6;61-g! ('"&g! {!L256;1;3! D.;C-/;3! 432I<0! 4;30Mf! _6C/?26C29!
4.2O;326C29!;6?!R2F=5.;3!R.26?0!|g!V,3)"/$.*)"*G,$)"/#%0%51!#$!T&]f!("'!"$g!-11=0foo?5/g5.Bo"'g"')#okg02F=2./g('"&g'&g''+g!
,-26B9!i2/9![5B2.!,5.6j;339!8<01/6!Gg!,.5<C-9!p-56BM<!G/9!21!Y;1-2./62![g!E;<3g!('")g!{!,561./^<1/560!5W!7<0C32!_F^;3;6C2!
;6?!_F=;/.2?!@.5j1-!15!4501<.;3!;6?!P0025<0!E-5<3?2.!82W5.F/1M!J5335j/6B!D.;C-/;3!432I<0!D/.1-!4;30Mf!U!,5F=<1;1/56;3!
E/F<3;1/56!U6;3M0/0!|g!4-,*]%'$"/0*%<*W/"&*V'$5,$1!&'!T*]f!""+'!+*g!-11=0foo?5/g5.Bo"'g"'"*okgk-0;g('")g'(g'()g!
!
(%Q! ,3;.K9! D./;6! ,g9! E<FF2.! Dg! ,55K9! 21! G5./! Gg! 435<1\QE6M?2.g! (''+g! {![23/;^/3/1M! 5W! R2C-6/e<20! 15! U00200! H<F;6!
L2<.5F<0C<3;.! J<6C1/56! /6! X/O5!|g! ]%'$"/0* %<* 20,(#$%31%5$/?-1* /"&* 7)",.)%0%519* R<<)()/0* ]%'$"/0* %<* #-,* !"#,$"/#)%"/0*
V%(),#1*%<*20,(#$%?-1.)%0%5)(/0*7)",.)%0%51!"+!T"]f!%'!"'"g!-11=0foo?5/g5.Bo"'g"'"*okgk232K/6g('')g""g''$g!
!
#'Q!,3;.K29!Hg!7g9!21!,g!@g!,<.1/0g!"%%)g!{!U6!U==.5;C-!15!P^0121./C;3!D.;C-/;3!432I<0!_6k<./20!|g!W/"&*_0)")(.!""!T&]f!)*#!$':!
?/0C<00/56!)$'Q)$"g!
!
#"Q!,5-269!@g9!Xg![;F=;39!Jg!U<^;.1Q,5-269![g!E2./6B29!21!4g!i/C;.1g!('"'g!{!D.;C-/;3!432I<0!D/.1-!4;30M!E-5<3?2.!82W5.F/1M!
R.2;1F261! a0/6B! E<^0C;=<3;./0! [232;02! ,5F^/62?! 15! R26?560! R.;60W2.!|g! R$#-%?/,&)(.* \* 4$/'3/#%0%51>* V'$5,$1* \*
A,.,/$(-9*R4VA!%*!T&]f!##&!#%g!-11=0foo?5/g5.Bo"'g"'"*okg510.g('"'g'(g''&g!
!
#(Q!,53569!Ug!Vg9!Vg!ig!X.2?2O23?9!21!@g!D3;;<jg!(''+g!{!7515.!>O5K2?!451261/;30!UW12.!R.;60C.;6/;3!7;B621/C!E1/F<3;1/56!
E<==5.1!HM=51-20/0!5W!,52I/01/6B!,261.;3!72C-;6/0F!/6!P^0121./C!D.;C-/;3!4;30M!|g!]%'$"/0*%<*_0)")(/0*Q,'$%?-1.)%0%51!(&!

! "+(!
T"]f!&$g!-11=0foo?5/g5.Bo"'g"'%+o'"gj6=g''''(#+'+)g$)*$%g##g!
!
##Q!,5.F/29!4.<29!7/C-;23![g!7C@</B;69!21![5^2.1!ag!L2j156g!('""g!{!82O235=/6B!7;I/F;3!L2<.5F<0C<3;.!45j2.f!4;.1!"QQ
D/535B/C;3! D;0/0! 5W! 7;I/F;3! 45j2.! 4.5?<C1/56!|g! V?%$#.* +,&)()",* =T'(a0/"&>* QN`N@! &"! T"]f! "+!#$g!
-11=0foo?5/g5.Bo"'g("*)o"")#+*%'Q'''''''''Q'''''g!
!
#&Q!,501/39!X;6200;9!,3;<?/;![5F;6;9!21!J.;6K!J/15<00/g!('"$g!{!42C15.;3/0!7/65.!R.;60W2.!W5.!>3^5j!J32I/56![2015.;1/56!/6!
G;12!P^0121./C!D.;C-/;3!432I<0!4;30M!|g!!"#,$"/#)%"/0*R$#-%?/,&)(.!&(!T)]f!""#+!&"g!-11=0foo?5/g5.Bo"'g"''+o0''(*&Q'"+Q#+()Q
*g!
!
#)Q!,.5<C-9!8<01/6!Gg9!V5-;6620!Jg!43;129!p-56BM<!G/9!21!Y;1-2./62![g!E;<3g!('"&g!{!,5F=<1;1/56;3!E260/1/O/1M!U6;3M0/0!15!
_?261/WM! 7<0C320! R-;1! ,;6! 72C-;6/C;33M! ,561./^<12! 15! E-5<3?2.! 82W5.F/1M! J5335j/6B! D.;C-/;3! 432I<0! D/.1-! 4;30M!|g! 4-,*
]%'$"/0*%<*W/"&*V'$5,$1!#%!T(]f!#'#!""g!-11=0foo?5/g5.Bo"'g"'"*okgk-0;g('"#g"'g'(+g!
!
#*Q!,0;=59![5^2.19!X;?/F!7;3/09!a0-;!E/6-;9!V/;6B!8<9!21!E-;61;6<!E/6-;g!('"&g!{!UB2QU005C/;12?!8/WW2.26C20!/6!R./C2=0!
E<.;2!7<0C32!,5F=50/1/56!;6?!E1.26B1-!Q!;6!7[_QD;02?!,.500QE2C1/56;3!,5F=;./056!5W!,561.;C1/329!U?/=502!;6?!,5662C1/O2!
R/00<2!|g!S+_*+'.('0%.a,0,#/0*E).%$&,$.!")!Tk</6]f!('%g!-11=0foo?5/g5.Bo"'g""$*o"&+"Q(&+&Q")Q('%g!
!
#+Q! ,<.1/09! ,-./01/629! 82.2K! E12=-2609! H5j;.?! 7g! ,3;.K29! 21! 8;O/?! U6?.2j0g! (''(g! {!R-2! UC1/O2! 75O2F261! EC;32f! U6!
>O;3<;1/O2!R553!W5.!_6W;610!j/1-!P^0121./C;3!D.;C-/;3!432I<0!4;30M!|g!4-,*]%'$"/0*%<*W/"&*V'$5,$1!(+!T#]f!&+'!+$g!
!
#$Q! ,<0;CK9! i/33/;F! Jg9! [2^2CC;! 4;112.0569! EC511! R-;C-9! [5^2.1! Eg! Y/0126^2.B9! 21! G2j/0! Ug! i-2;156g! ('"&g! {!7515.!
42.W5.F;6C2! D262W/10! 5W! 7;1C-2?! G/F^! _F/1;1/56! /6! 4.501-20/0! a02.0!|g! 2P?,$)3,"#/0* S$/)"* A,.,/$(-! (#(! T+]f! ("&#!)&g!
-11=0foo?5/g5.Bo"'g"''+o0''(("Q'"&Q#%'&Q(g!
!
#%Q! 8;09! [50;3/6;9! V;056! [/C-9! Hg! 7/K2! Y/F9! U<?.2M! 7CU3/6?269! 21! E1;O.50! R-5F5=5<350g! ('""g! {!>WW2C10! 5W! D51<3/6<F!
R5I/6Q_6?<C2?!4;.;3M0/0!56!45016;1;3!82O235=F261!5W!1-2!E<=.;0=/6;1<0!7<0C32!|g!]%'$"/0*%<*R$#-%?/,&)(*A,.,/$(-!(%!T(]f!
($"!$$g!-11=0foo?5/g5.Bo"'g"''(ok5.g("(#&g!
!
&'Q!82/B-;69!7g9!7g!82!E12!,.5/I9!,g!@.;619!21!Lg!U.F01.56Bg!(''*g!{!72;0<.2F261!5W!7;I/F;3!7<0C32!,.500QE2C1/56;3!U.2;!
5W! 1-2! >3^5j! >I12605.0! ;6?! J32I5.0! /6! ,-/3?.269! R226;B2.0! ;6?! U?<310!|g! ]%'$"/0* %<* V?%$#.* V(),"(,.! (&! T)]f! )&#!&*g!
-11=0foo?5/g5.Bo"'g"'$'o'(*&'&"')''#)+"$&g!
!
&"Q!820.5C-209!@</33;<F29![;=-;•3!8<F;09!8/?/2.!4.;?569!4-/3/==2!X;03/69!J.;6€5/0QS;O/2.!G2=5<1.29!21!G;<.26C2!,-Z\2g!
('"'g!{!a==2.!G/F^!V5/61!8M6;F/C0!?<./6B!7;6<;3!i-223C-;/.!4.5=<30/56!|g!_0)")(/0*S)%3,(-/")(.*=S$).#%0>*TU%"@!()!T&]f!
(%%!#'*g!-11=0foo?5/g5.Bo"'g"'"*okgC3/6^/5F2C-g(''%g"(g'""g!
!
&(Q!85?j2339!>F/3M9!V;F/2!Pc,;33;B-;69!U3/056!U61-56M9!4;<3!V233/C529!7;<3/6!E-;-9!,-./01/62!,<.1/09!H5j;.?!,3;.K29!21!
E2O;6!H5=M;6g!('"(g!{!,5F^/62?!@3265/?!U612O2.0/56!P012515FM!;6?!R26?56!R.;60W2.0!W5.!D.;C-/;3!432I<0!D/.1-!4;30Mf!
>;.3M! P<1C5F20!|g! 4-,* ]%'$"/0* %<* S%",* /"&* ]%)"#* V'$5,$1N* T3,$)(/"* ^%0'3,! %&! T(#]f! ("&)!)(g!
-11=0foo?5/g5.Bo"'g("'*oVDVEgYg'"()*g!
!
&#Q! 8<WW9! E<0;6! Xg9! E<?;.0-;6! 8;M;6/?-/9! 21! EC511! Hg! Y5\/6g! (''+g! {!U0MFF21./C;3! 0-5<3?2.! K/62F;1/C0! /6! C-/3?.26! j/1-!
^.;C-/;3!=32I<0!^/.1-!=;30M!|g!_0)")(/0*S)%3,(-/")(.!((!T*]f!*#'!#$g!-11=0foo?5/g5.Bo"'g"'"*okgC3/6^/5F2C-g(''+g'(g''(g!
!
&&Q! 8</k6/0O23?9! D5<K2! Vg9! V;6! J2.?/6;6?! H260232.9! 756/e<2! [2/k6/2.029! 7;.1;! J/5CC59! H2.F/26! >g! Y;69! 21! [5^! @g! Hg! Hg!
L23/0026g!('"+g!{!N<;61/1;1/O2!8/I56!7[_!E2e<26C20!15![23;12!7<0C32!U1.5=-M!;6?!J;11M!82B262.;1/56!j/1-![;6B2!5W!751/56!
;6?! 7<0C32! J5.C2! /6! D.;C-/;3! 432I<0! _6k<.M!|g! +/5",#)(* A,.%"/"(,* !3/5)"5! #*! TWAO./2.]f! %$!"'&g!
-11=0foo?5/g5.Bo"'g"'"*okgF./g('"*g"'g'('g!
!
&)Q!8M0;.19!4g!Eg9!>g!7g!H;.K62009!21!@g!4g!H2.^/056g!"%$%g!{!@.5j1-!5W!1-2!H<F2.<0!;W12.!8262.O;1/56g!U6!>I=2./F261;3!E1<?M!
/6!1-2![;1!|g!]%'$"/0*%<*T"/#%31!"*+!T?AC2F^.2]f!"&+!)%g!
!
&*Q!>/6;.00569!Jg9!Rg!H<31B.269!Dg!QPg!Gk<6B9!>g![<6220569!21!V!J./?26g!{!E<^0C;=<3;./0!7<0C32!72C-;6/C0!/6!,-/3?.26!j/1-!
P^0121./C! D.;C-/;3! 432I<0! 4;30M!|g! ]%'$"/0* %<* W/"&* V'$5,$1* =2'$%?,/"* ^%0'3,@! ##! T&]f! )'+!"(g!
-11=0foo?5/g5.Bo"'g""++o"+)#"%#&'$'%'+*&g!
!
&+Q!>/0F;669!>F/3M!Ug9!Y2O/6!Vg!G/11329!R;3!G;5.9!21![5B2.!,5.6j;33g!('")g!{!@3265-<F2.;3!U^?<C1/56!,561.;C1<.2!/6!,-/3?.26!
j/1-!a6.2053O2?!L256;1;3!D.;C-/;3!432I<0!4;30M!|g!4-,*]%'$"/0*%<*S%",*/"&*]%)"#*V'$5,$1N*T3,$)(/"*^%0'3,!%+!T(]f!""(!"$g!
-11=0foo?5/g5.Bo"'g("'*oVDVEgLg''('#g!
!
&$Q! >6B01.5F9! ,.;/B! 7g9! V<.B26! J./==9! X;32.! V<.C;K9! 8<6C;6! @g! i;3K2.9! P3/O/2.! E;3O;?59! 21! E1<;.1! ,.5\/2.g! ('""g!
{!E2BF261;1/56! 5W! 1-2! N<;?.;1<0! G<F^5.<F! 7<0C32! a0/6B! E1;1/01/C;3! E-;=2! 75?23/6B!|g! ]%'$"/0* %<* +/5",#)(* A,.%"/"(,*
!3/5)"59*]+A!!##!T*]f!"&((!(%g!-11=0foo?5/g5.Bo"'g"''(okF./g(("$$g!
!
&%Q! >6B01.5F9! ,.;/B! 7g9! 8<6C;6! @g! i;3K2.9! X;<B-;6! Y/==2.09! 21! U6?.2j! Vg! Hg! 72-62.1g! (''+g! {!N<;?.;1<0! G<F^5.<F!
U0MFF21.M!;6?!G&!4;.0!_6k<.M!/6!J;01!D5j32.0f!U!4.50=2C1/O2!7[!E1<?M!|g!+,&)()",*/"&*V(),"(,*)"*V?%$#.*/"&*2P,$().,!#%!
T*]f!%"'!"+g!-11=0foo?5/g5.Bo"'g"(&%oF00g'^'"#2#"$'&'$2()g!
!

! "+#!
)'Q! >\;K/9! 7;.M^21-9! Y;6C-;/! 7;3<6B=;/0-.5=29! [/C-;.?! Vg! H;../0569! V;6/1-! Yg! 7/3309! EC511! Lg! P/0-/9! 7;<./C/5! 823B;?59!
4;1./C/;!Ug!D<0-9!21![/C-;.?!Hg!D.5j62g!('"'g!{!P6;^51<3/6<F!R5I/6U!_6k2C1/56!;0!;6!U?k<6C1!/6!1-2!R.2;1F261!5W!45012./5.!
E-5<3?2.!E<^3<I;1/56!/6!L256;1;3!D.;C-/;3!432I<0!4;30M!|g!4-,*]%'$"/0*%<*S%",*/"&*]%)"#*V'$5,$1N*T3,$)(/"*^%0'3,!%(!T"(]f!
("+"!++g!-11=0foo?5/g5.Bo"'g("'*oVDVEg_g''&%%g!
!
)"Q!J/15<00/9!Jg9!Lg!7;<.239!Ug!8/5=9!>g!7g!G;;00239!Dg!_3-;..2^5.?29!Ug!4.202?59!Yg!7;\?;9!21!@g!QJg!42662€51g!(''%g!{!a==2.!
2I1.2F/1M!K/62F;1/C0!;6;3M0/0!/6!5^0121./C;3!^.;C-/;3!=32I<0!=;30M!|g!R$#-%?/,&)(.*\*4$/'3/#%0%519*V'$5,$1*\*A,.,/$(-!%)!
T)]f!##*!&(g!-11=0foo?5/g5.Bo"'g"'"*okg510.g(''%g'&g'"(g!
!
)(Q!J32CK26012/69!Vg!Gg9!4g!Rg!i2;1-2.;339!Gg!Ug!D2.15CC/9!7g!>\;K/9![g!@g!H;332.9![g!@.2263229!ig!ig!D.M;69!21![g!7g!420-5CKg!
"%%"g! {!G5C5F515.! EM012F! U00200F261! ^M! 7<0C32! 7;B621/C! [2056;6C2! _F;B/6B!|g! +/5",#)(* A,.%"/"(,* b'/$#,$01! +! T(]f!
+%!"'#g!
!
)#Q!J5..59!E12=-26!8g9!21!V;056!Dg!G5j2g!('"$g!{!U6;15FM9!a==2.!G/F^!|g!_6!V#/#G,/$0.g!R.2;0<.2!_03;6?!TJG]f!E1;142;.30!
4<^3/0-/6Bg!-11=foojjjg6C^/g63Fg6/-gB5Oo^55K0oLDY)'+$&"og!
!
)&Q!J./C-9!G;.0!Hg9!42.6/332!Hg!EC-F/?19!21!R./62!R5.W/6Bg!('"+g!{!@3265/?!F5.=-535BM!/6!5^0121./C;3!^.;C-/;3!=32I<0!320/56f!;!
1-.22Q?/F260/56;3! C5F=<12?! 15F5B.;=-M! 01<?M!|g! ]%'$"/0* %<* V-%'0&,$* /"&* 206%8* V'$5,$1! (*! T$]f! "#+&!$(g!
-11=0foo?5/g5.Bo"'g"'"*okgk02g('"+g'(g'('g!
!
))Q!J<K<6;B;9!Rg9!7g!7/M;1;6/9!7g!R;C-/9!7g!Y5<\;K/9!`g!Y;j;K;F/9!21!Hg!Y;62-/0;g!(''"g!{!7<0C32!X53<F2!_0!;!7;k5.!
8212.F/6;61!5W!V5/61!R5.e<2!/6!H<F;60!|g!T(#/*G-1.)%0%5)(/*V(/"&)"/U)(/!"+(!T&]f!(&%!))g!-11=0foo?5/g5.Bo"'g"'&*okg"#*)Q
('"Ig(''"g''$*+gIg!
!
)*Q! @;/33;.?9! J35.26C29! U.F23! ,.21<;39! E2^;01/26! ,5.?/33219! ,;.53/62! G2! ,5.62C9! ,5.261/6! @561-/2.9! D./C2! D5<O/2.9! [;C-23!
H2MF;69! EM3O2112! 7;.32/I9! _0;^2332! D56;69! 21! HA3Z62! [;<0C261g! ('"$g! {!Y/62F;1/C! 751/56! U^65.F;3/1/20! ;6?! D/F;6<;3!
42.W5.F;6C2! /6! ,-/3?.26! j/1-! a6/3;12.;3! ,2.2^.;3! 4;30M!|g! E,U,0%?3,"#/0* +,&)()",* /"&* _-)0&* Q,'$%0%51! *'! T$]f! $#%!&)g!
-11=0foo?5/g5.Bo"'g""""o?FC6g"#++&g!
!
)+Q!@232/6!X/1./6B;9!X;32./2!7g!O;69!>?!Pg!O;6!Y551269!7;.B./21!@g!7<3326?2.9!7/.k;F!Hg!O;6!855.6QG55BF;69!21!V5-;6620!
Ug!O;6!?2.!E3</k0g!(''%g!{!U6!7[_!E1<?M!56!1-2![23;1/560!^21j226!7<0C32!U1.5=-M9!E-5<3?2.!J<6C1/56!;6?!@3265-<F2.;3!
82W5.F/1M!/6!E-5<3?2.0!5W!,-/3?.26!j/1-!P^0121./C!D.;C-/;3!432I<0!_6k<.M!|g!]%'$"/0*%<*S$/(-)/0*G0,P'.*/"&*G,$)?-,$/0*Q,$U,*
!"C'$1!&!TF;/]f!)g!-11=0foo?5/g5.Bo"'g""$*o"+&%Q+(("Q&Q)g!
!
)$Q!@/.5<IQ721B209!7;./2QUB6Z09!V2;6Q4/2..2!42662C9!V<3/26!421/19!V<3/2!75.239!HA3Z62!R;3;.F/69!7/CK;•3!8.5B<219!@2.F;/62!
85;6B29!21!7;I/F2!@/5<Ig!('')g!{!>WW2C10!5W!_FF5^/3/\/6B!;!E/6B32!7<0C32!56!1-2!75.=-535BM!;6?!1-2!UC1/O;1/56!5W!_10!
7<0C32!J/^2.0!|g!2P?,$)3,"#/0*Q,'$%0%51!"%&!T(]f!&%)!)')g!-11=0foo?5/g5.Bo"'g"'"*okg2I=62<.53g('')g'#g''$g!
!
)%Q! @5?/9! ,3;<?/;9! U3200;6?.5! UF^.50/9! J.;6C20C;! L/C;01.59! E12W;65! ,g! 4.2O/1;3/9! ,5..;?5! E;61;.50;9! E;.;! L;=53/1;659!
U6156233;! _;?;6\;9! 21! ;3g! ('"*g! {!G56B/1<?/6;3! 7[_! N<;61/W/C;1/56! 5W! 7<0C32! 82B262.;1/56! /6! 8<C-2662! 7<0C<3;.!
8M01.5=-M!|g!T""/0.*%<*_0)")(/0*/"&*4$/".0/#)%"/0*Q,'$%0%51!#!T$]f!*'+!((g!-11=0foo?5/g5.Bo"'g"''(o;C6#g#"%g!
!
*'Q!@.226-/339!8<01/6!Ug9!Y2O/6!i/00/6B2.9!U./;66;!R./56W59!7;.K!E53;.\9!EC511!Hg!Y5\/69!21!8;6!Ug!p351535jg!('"$g!{!>I12.6;3!
[51;1/56!4.2?/C10!P<1C5F20!UW12.!,3502?!@3265-<F2.;3!V5/61![2?<C1/56!i/1-!D51<3/6<F!R5I/6!RM=2!U!/6!D.;C-/;3!432I<0!
D/.1-!4;30M!|g!R2I1g!k;6O/2.!('"$g!-11=0foo?5/g5.Bo/6W5f?5/o"'g"'%+oD4Pg'''''''''''''+#)g!
!
*"Q!@.5009![;=-;•39!J;^/26!G2^52<W9!V2;6!D265/1!H;.?5</69!D./B/112!42..5</6QX2.^29!EM3O;/6!D.5C-;.?9!21!P3/O/2.![AFMQLA./0g!
('")g!{!8520!7<0C32!,5;C1/O;1/56!_6W3<26C2!V5/61!>IC<.0/560!?<./6B!@;/1!/6!,-/3?.26!j/1-!;6?!j/1-5<1!H2F/=32B/C!,2.2^.;3!
4;30M•! [23;1/560-/=! ^21j226! 7<0C32! ,5;C1/O;1/56! ;6?! V5/61! Y/62F;1/C0!|g! _0)")(/0* S)%3,(-/")(.* =S$).#%0>* TU%"@! #'! T"']f!
"'$$!%#g!-11=0foo?5/g5.Bo"'g"'"*okgC3/6^/5F2C-g('")g'%g''"g!
!
*(Q!H22F0K2.K9!Ug!7g9!@g!Vg!E1./kK2.09!Ug!X/3;65O;9!7g![g!8.5019!21!Yg!L/C53;Mg!('')g!{!8212.F/6;1/56!5W!75<02!EK2321;3!
7<0C32!U.C-/12C1<.2!a0/6B!R-.22Q8/F260/56;3!8/WW<0/56!R2605.!_F;B/6B!|g!+/5",#)(*A,.%"/"(,*)"*+,&)()",!)#!T*]f!"###!&'g!
-11=0foo?5/g5.Bo"'g"''(oF.Fg('&+*g!
!
*#Q!H2./00569!P3/O/2.9!L;1-;3/2!7;<.239!UF;?5<!8/5=9!75.B;62!G2!,-;123/2.9!U?23/62!,;F^56QD/6?2.9!21!J.;6CK!J/15<00/g!
('"+g!{!E-5<3?2.!;6?!23^5j!K/62F;1/C0!?<./6B!1-2!7;3321!0C5.2!/6!5^0121./C;3!^.;C-/;3!=32I<0!=;30M!|g!_0)")(/0*S)%3,(-/")(.!
&#!TF;.0]f!"!+g!-11=0foo?5/g5.Bo"'g"'"*okgC3/6^/5F2C-g('"+g'"g''*g!
!
*&Q! H5WW2.9! 7g! 7g9! [g! i/CK26?269! 21! Dg! [5=2.g! "%+$g! {!D.;C-/;3! 432I<0! D/.1-! 4;30/20g! [20<310! 5W! R26?56! R.;60W2.0! 15! 1-2!
[51;15.!,<WW!|g!4-,*]%'$"/0*%<*S%",*/"&*]%)"#*V'$5,$1N*T3,$)(/"*^%0'3,!*'!T)]f!*%"!%)g!
!
*)Q!H5B26?55.69!E/F5629!Y;.3/k6!Gg!Vg!O;6!PO2.O2019!_;/6!i;119!U662i/3!Hg!Dg!8</k02609!21![5^!@g!Hg!Hg!L23/0026g!('"'g!
{!E1.<C1<.;3!,-;6B20!/6!7<0C32!;6?!@3265-<F2.;3!V5/61!82W5.F/1M!/6!L256;1;3!D.;C-/;3!432I<0!4;30M!|g!4-,*]%'$"/0*%<*S%",*
/"&*]%)"#*V'$5,$1N*T3,$)(/"*^%0'3,!%(!T&]f!%#)!&(g!-11=0foo?5/g5.Bo"'g("'*oVDVEg_g''"%#g!
!
**Q!H53019!72665!O;6!?2.9!V2.526!@.5519!8<C5!E1226^22K9!i/332F!456?;;B9![5^!@--!L23/00269!21!R-2;!4F!X3/21!X3/23;6?g!
('"+g! {!4;.1/C/=;1/56! [201./C1/560! ;F56B! U?5320C2610! ;6?! U?<310! j/1-! L256;1;3! D.;C-/;3! 432I<0! 4;30Mf! R-2! 4;1/261!
42.0=2C1/O2!|g!E)./6)0)#1*/"&*A,-/6)0)#/#)%"9!02=12F^.29!"!%g!-11=0foo?5/g5.Bo"'g"'$'o'%*#$($$g('"+g"#$'+"+g!

! "+&!
!
*+Q!H53019!72665!O;6!?2.9!R-2;!4g!7g!X3/21!X3/23;6?9!V5./1!Vg!Gg!722012.09!ig!4212.!D2KK2./6B9!V5C-2F!L;B2309!21![5^!@g!Hg!
Hg! L23/0026g! ('")g! {!>O;3<;1/56! 5W! E-5<3?2.! J<6C1/56! ;W12.! E2C56?;.M! E<.B2.M! /6! ,-/3?.26! j/1-! L256;1;3! D.;C-/;3! 432I<0!
4;30M!|g!]%'$"/0*%<*G,&)/#$)(*A,-/6)0)#/#)%"*+,&)()",!$!T#]f!"$+!%*g!-11=0foo?5/g5.Bo"'g#(##o4[7Q")'##(g!
!
*$Q!H53\^;<.9!Y;1-2./62![g!Eg9!EC511!Gg!823=9!@;..M!>g!@53?9!21!i26?M!7g!7<..;Mg!(''+g!{!75F261Q@262.;1/6B!,;=;C/1M!5W!
a==2.! G/F^! 7<0C320! /6! H2;31-M! U?<310!|g! ]%'$"/0* %<* S)%3,(-/")(.! &'! T""]f! (&&(!&%g!
-11=0foo?5/g5.Bo"'g"'"*okgk^/5F2C-g(''*g""g'"#g!
!
*%Q!H53\^;<.9!Y;1-2./62![g!Eg9!i26?M!7g!7<..;M9!21!EC511!Gg!823=g!('')g!{!U!75?23!5W!1-2!a==2.!>I1.2F/1M!W5.!E/F<3;1/6B!
7<0C<350K2321;3! E<.B2.M! ;6?! U6;3M\/6B! L2<.5F<0C<3;.! ,561.53!|g! T""/0.* %<* S)%3,&)(/0* 2"5)",,$)"5! ##! T*]f! $(%!&'g!
-11=0foo?5/g5.Bo"'g"''+o0"'&#%Q'')Q##('Q+g!
!
+'Q!H53\^;<.9!Y;1-2./62![g!Eg9!i26?M!7g!7<..;M9!@;..M!>g!@53?9!21!EC511!Gg!823=g!(''+g!{!a==2.!G/F^!7<0C32!X53<F20!/6!
U?<31!E<^k2C10!|g!]%'$"/0*%<*S)%3,(-/")(.!&'!T&]f!+&(!&%g!-11=0foo?5/g5.Bo"'g"'"*okgk^/5F2C-g(''*g""g'""g!
!
+"Q!H<332^2.B9!@<669!U66QY./01/6!@g!>3O.<F9!72.21-2!D.;6?;39!21!R5.012/6!X/Kg!('"&g!{!P<1C5F2!/6!U?5320C26C2!5W!D.;C-/;3!
432I<0! D/.1-! 4;30Mg! *%! _6?/O/?<;30! [2Q>I;F/62?! ;W12.! "'‚('! `2;.0!|g! T(#/* R$#-%?/,&)(/! $)! T*]f! *##!&'g!
-11=0foo?5/g5.Bo"'g#"'%o"+&)#*+&g('"&g%*&*"&g!
!
+(Q!H<31B.269!Rg9!Yg!Vq600569!Hg!42112.00569!21!Hg!H;FF;.^2.Bg!('"#g!{!E<.B/C;3!,5..2C1/56!5W!;![51;1/56;3!82W5.F/1M!5W!1-2!
E-5<3?2.!/6!4;1/2610!j/1-!P^0121./C!D.;C-/;3!432I<0!4;30Mf!E-5.1QR2.F![20<310!/6!(+'!4;1/2610!|g!4-,*S%",*\*]%)"#*]%'$"/0!%)Q
D!T"']f!"&#(!#$g!-11=0foo?5/g5.Bo"'g"#'(o'#'"Q*('Sg%)D"'g#('&%g!
!
+#Q!H<31B.269!Rg9!Yg!Vq600569!Jg![5509!Hg!Vr.6^2.1Q42112.00569!21!Hg!H;FF;.^2.Bg!('"&g!{!E<.B/C;3!,5..2C1/56!5W!E-5<3?2.!
[51;1/56!82W5.F/1M!/6!D.;C-/;3!432I<0!D/.1-!4;30Mf!G56BQR2.F![20<310!/6!""$!4;1/2610!|g!4-,*S%",*\*]%)"#*]%'$"/0!%*QD!T"']f!
"&""!"$g!-11=0foo?5/g5.Bo"'g"#'(o'#'"Q*('Sg%*D"'g##$"#g!
!
+&Q!H<.5O9!V;CKg!(''%g!{!U6;15FM!;6?!72C-;6/C0!5W!1-2!E-5<3?2.f![2O/2j!5W!,<..261!,56C2=10!|g!]%'$"/0*%<*W/"&*4-,$/?19*
R<<)()/0*]%'$"/0*%<*#-,*T3,$)(/"*V%(),#1*%<*W/"&*4-,$/?).#.!((!T&]f!#($!&(:!e</\!#&#g!-11=0foo?5/g5.Bo"'g"'"*okgk-1g(''%g')g''(g!
!
+)Q!_FF2.F;69!_B5.9!8;6/23!Rg!U3W56059!G5.6;!>g![;F509!G203/2!Ug!@.500F;69!_0.;23!U3W56059!4;1./C/;!8/1;.;6159!21!V5-6!;g!_g!
@.500F;6g!('"(g!{!H;6?!J<6C1/56!/6!,-/3?.26!j/1-!;6!a==2.!D.;C-/;3!432I<0!D/.1-!_6k<.Mf![20<310!5W!1-2!L/62QH532!42B!R201!|g!
E,U,0%?3,"#/0*+,&)()",*\*_-)0&*Q,'$%0%51!)&!T(]f!"**!*%g!-11=0foo?5/g5.Bo"'g""""okg"&*%Q$+&%g('""g'&"('gIg!
!
+*Q! _5./59! 7;11-2j! Gg9! E;.;-! Vg! 726;0-29! [;F20-! Eg! _M2.9! E;.;-! 4g! G2j/09! E<\;662! E12/6F;69! Y;1-.M6! Dg! i-/135CK9! 21!
[;MF56?!ig!R02g!('")g!{!@3265-<F2.;3!8M0=3;0/;!J5335j/6B!L256;1;3!D.;C-/;3!432I<0!4;30Mf!4.20261;1/56!;6?!4.2?/C1/O2!
J2;1<.20!8<./6B!_6W;6CM!|g!4-,*]%'$"/0*%<*W/"&*V'$5,$1!&'!T"(]f!(#&)Q(#)"g2"g!-11=0foo?5/g5.Bo"'g"'"*okgk-0;g('")g'$g'(%g!
!
++Q! V;0=2.09! >33269! Y;;1! 820355O2.29! H2.F;6! D.<M6/6CKI9! Y;1./k6! Y3/6B2309! @<M! 75326;2.09! >.j/6! U2.1^23/•69! G226! X;6!
@201239!21!H/3?2!J2M0g!('""g!{!R-.22Q?/F260/56;3!<==2.!3/F^!F5O2F261!C-;.;C12./01/C0!/6!C-/3?.26!j/1-!-2F/=32B/C!C2.2^.;3!
=;30M! ;6?! 1M=/C;33M! ?2O235=/6B! C-/3?.26!|g! A,.,/$(-* )"* E,U,0%?3,"#/0* E)./6)0)#),.! #(! T*]f! (($#!%&g!
-11=0foo?5/g5.Bo"'g"'"*okg./??g('""g'+g'#$g!
!
+$Q!V;01/W2.9!V;F209!4212.!@<01;W0569!D/=/6!4;1239!21!,-./015=-2.!aBB26g!('"(g!{!42C15.;3/0!7;k5.!R.;60W2.!W5.!E<^0C;=<3;./0!
82W/C/26CMf!U!,5F=<1;1/56;3!E1<?M!|g!V-%'0&,$*\*206%8!&!T"]f!()!(%g!-11=0foo?5/g5.Bo"'g""""okg"+)$Q)+&'g('""g''"*"gIg!
!
+%Q!V26K/609!R-5F;0!7g9!,-./01/62!D<.62009!8;6/23!Vg!,566533M9!8g!@;620-![;59!L/B23!H5BB;.?9!E<0;6!7;j0569!,-./015=-2.!
Vg!7C82.F5119!_;/6!8g!i/3K/60569!21!4;F23;!Vg!E-;jg!('"#g!{!U!4.50=2C1/O2!4/351!E1<?M!72;0<./6B!7<0C32!X53<F21./C!,-;6B2!
/6! UFM51.5=-/C! G;12.;3! EC32.50/0!|g! T31%#$%?-)(* c/#,$/0* V(0,$%.).* \* Y$%"#%#,3?%$/0* E,5,",$/#)%"! "&! T)!*]f! &"&!(#g!
-11=0foo?5/g5.Bo"'g#"'%o("*+$&("g('"#g+%))%+g!
!
$'Q!V<3K;9!U^-/0-2K9!21!Y233M!Gg!X;6?2.!H;O2g!('""g!{!E-5<3?2.!E2e<23;2!5W!L256;1;3!D.;C-/;3!432I<0!_6k<./20f!P.1-5=2?/C!
U00200F261! ;6?! 7;6;B2F261!|g! ]%'$"/0* %<* G,&)/#$)(* A,-/6)0)#/#)%"* +,&)()",! &! T(]f! "#"!&'g! -11=0foo?5/g5.Bo"'g#(##o4[7Q
('""Q'"*)g!
!
$"Q! Y;/CK9! P3/O2.! O;69! @-;00;6! H;F;.62-9! U;.56! 8g! i;.?9! 7;.K! EC-j2/1\2.9! 21! H;5! p-;6Bg! ('"'g! {!G2;.6/6B! J5<./2.!
820C./=15.0! W5.! ,5F=<12.QU/?2?! 8/;B650/0! 5W! 1-2! E<=.;0=/6;1<0!|g! T(/&,3)(* A/&)%0%51! "+! T$]f! "'&'!&%g!
-11=0foo?5/g5.Bo"'g"'"*okg;C.;g('"'g'&g''*g!
!
$(Q!Yr3/69!4;0C;3!Eg9![2^2CC;!Vg!,.;jW5.?9!7;B?;!7;.C569!U6?.2/!7;653/<9!E;FM!D5<;/C-;9!7/C-;23!Ug!J/0C-2.9!21!>./K;!Vg!
a3^./C-g!('"$g!{!E-5<3?2.!7<0C32!X53<F2!;6?!J;1!,561261!/6!H2;31-M!U?<31!X53<6122.0f!N<;61/W/C;1/56!j/1-!8_SPL!7[_!15!
8212.F/62! 1-2! _6W3<26C2! 5W! 82F5B.;=-/C0! ;6?! H;6?2?6200!|g! Va,0,#/0* A/&)%0%51! &+! T"']f! "#%#!"&'(g!
-11=0foo?5/g5.Bo"'g"''+o0''()*Q'"$Q(%&)Q"g!
!
$#Q! Y;F/6;9! 4/2..29! 21! U6?.A! @5<;\Ag! (''%g! T"/#%3),* (0)")d',e9* 4%3,* :>* T"/#%3),* 5f"f$/0,>* 3,36$,.g! &2! A?/1/56g! 4;./0f!
7;35/62g!
!
$&Q! Y;62-/0;9! Hg9! Eg! _K2B;j;9! Lg! R0<65?;9! 21! Rg! J<K<6;B;g! "%%&g! {!E1.26B1-! ;6?! ,.500QE2C1/56;3! U.2;! 5W! Y622! >I12605.!

! "+)!
7<0C320!/6!,-/3?.26!|g!2'$%?,/"*]%'$"/0*%<*T??0),&*G-1.)%0%51*/"&*R(('?/#)%"/0*G-1.)%0%51!*$!T)]f!&'(!)g!
!
$)Q!Y;62-/0;9!Hg9!Eg!_K2B;j;9!21!Rg!J<K<6;B;g!"%%&!"%%)g!{!E1.26B1-!;6?!,.500QE2C1/56;3!U.2;0!5W![2C/=.5C;3!7<0C32!@.5<=0!
/6! 1-2! a==2.! U.F! ;6?! R-/B-! ?<./6B! U?5320C26C2!|g! !"#,$"/#)%"/0* ]%'$"/0* %<* V?%$#.* +,&)()",! "*! T"]f! )&!*'g!
-11=0foo?5/g5.Bo"'g"'))o0Q(''+Q%+(%*&g!
!
$*Q!Y;=;6?k/9!U?;3^2.1Q_g9!21![;5<3!R<^/;6;g!('')g!T"/#%3),*<%"(#)%"",00,*:e9*+,36$,.*.'?f$),'$.N*G-1.)%0%5),*&,*0g/??/$,)0*
0%(%3%#,'$g!*2!A?/1/56g!4;./0f!7;35/62g!
!
$+Q!Y;11;69!U^?<33;-!>g9!21!@.2B5.M!Hg!D5.0C-23g!('""g!{!U6;15FM!5W!1-2!D.;C-/;3!432I<0!|g!]%'$"/0*%<*G,&)/#$)(*A,-/6)0)#/#)%"*
+,&)()",!&!T(]f!"'+!""g!-11=0foo?5/g5.Bo"'g#(##o4[7Q('""Q'"*#g!
!
$$Q!Y-;3/39!,g9!Vg!Jg!D<?\/K9!>g!Y2.F;..2C9!Xg!D;3^/9!Xg!G2!R-<C9!21!Ug!,51126g!('"'g!{!R.;C15B.;=-M!5W!42./=-2.;3!L2.O20!;6?!
EK2321;3!7<0C320!|g!2'$%?,/"*]%'$"/0*%<*A/&)%0%51!+*!T#]f!#%"!%+g!-11=0foo?5/g5.Bo"'g"'"*okg2k.;?g('"'g'#g'"(g!
!
$%Q! Y-;66;9! 4;./150-! ,g9! 21! 7;-20-! 7g! R-;=;g! (''%g! {!R-2! @.5j/6B! EK232156f! 7[! _F;B/6B! U==2;.;6C20! 5W! 82O235=/6B!
,;.1/3;B2!|g! +/5",#)(* A,.%"/"(,* !3/5)"5* _0)")(.* %<* Q%$#-* T3,$)(/! "+! T#]f! &""!("9! Og!
-11=0foo?5/g5.Bo"'g"'"*okgF./Cg(''%g'#g'"(g!
!
%'Q!Y/F9!Hg!7/K29!G220;!7g!@;3;1\9![50;3/6;!8;09!L/K<6k!4;1239!21!E1;O.50!R-5F5=5<350g!('"'g!{!7<0C<350K2321;3!82W5.F/1/20!
E2C56?;.M!15!L2<.515FM!5W!1-2!E<=2./5.!R.<6K!5W!1-2!D.;C-/;3!432I<0!/6!L256;1;3!7/C2!|g!]%'$"/0*%<*R$#-%?/,&)(*A,.,/$(-!
($!T"']f!"#%"!%$g!-11=0foo?5/g5.Bo"'g"''(ok5.g(""($g!
!
%"Q!Y/.K509!Vg!7g9!7g!Vg!YM.K509!@g!Ug!Y;=21;6509!21!Vg!Hg!H;./1/?/0g!('')g!{!D.;C-/;3!432I<0!4;30M!E2C56?;.M!15!D/.1-!_6k<./20!|g!
4-,*]%'$"/0*%<*S%",*/"&*]%)"#*V'$5,$1N*S$)#).-*^%0'3,!$+!T(]f!(#"!#)g!
!
%(Q! Y32/^2.9! R/F9! L/K/C;! 45=5O/C9! Vq.B! D;-F9! 21! ,;1-2./62! 8/0023-5.01QY3<Bg! ('"#g! {!U! F5?23/6B! ;==.5;C-! 15! C5F=<12!
F5?/W/C;1/56!5W!621!k5/61!W5.C20!C;<02?!^M!C5=/6B!F5O2F2610!/6!5^0121./C!^.;C-/;3!=32I<0!=;30M!|g!]%'$"/0*%<*S$/(-)/0*G0,P'.*
/"&*G,$)?-,$/0*Q,$U,*!"C'$1!$!T5C15^.2]f!"'g!-11=0foo?5/g5.Bo"'g""$*o"+&%Q+(("Q$Q"'g!
!
%#Q!Y5\/69!EC511!Hg9!7;11-2j!Vg!D5;.?F;69![500!Eg!,-;W21\9!@2.;3?![g!i/33/;F09!21!U32I;6?.;!H;6356g!('"'g!{!U.1-.50C5=/C!
R.2;1F261! 5W! _612.6;3! [51;1/56! ,561.;C1<.2! ;6?! @3265-<F2.;3! 8M0=3;0/;! /6! ,-/3?.26! j/1-! D.;C-/;3! 432I<0! D/.1-! 4;30M!|g!
]%'$"/0*%<*V-%'0&,$*/"&*206%8*V'$5,$1!"%!T"]f!"'(!"'g!-11=0foo?5/g5.Bo"'g"'"*okgk02g(''%g')g'""g!
!
%&Q! Y5\/69! EC511! Hg9! [500! Eg! ,-;W21\9! 8/;62! D;.<09! 21! G/6?;! J/3/=562g! (''*g! {!7;B621/C! [2056;6C2! _F;B/6B! ;6?! ,3/6/C;3!
J/6?/6B0!^2W5.2!;6?!;W12.!R26?56!R.;60W2.0!;^5<1!1-2!E-5<3?2.!/6!,-/3?.26!j/1-![20/?<;3!D.;C-/;3!432I<0!D/.1-!4;30M!|g!]%'$"/0*
%<*V-%'0&,$*/"&*206%8*V'$5,$1!")!T)]f!))&!*"g!-11=0foo?5/g5.Bo"'g"'"*okgk02g('')g""g''&g!
!
%)Q!Y<^59!Y2/1;.59!H/.5;K/!Y;62-/0;9!Y;0<F/!U\<F;9!7;0;5!_0-/\<9!E-/6Q`;!Y<659!75./-/.5!PK;?;9!21!R210<5!J<K<6;B;g!
(''#g!{!7<0C32!U.C-/12C1<.;3!,-;.;C12./01/C0!/6!i5F26!UB2?!('Q+%!`2;.0!|g!+,&)()",*/"&*V(),"(,*)"*V?%$#.*/"&*2P,$().,!#)!
T"]f!#%!&&g!-11=0foo?5/g5.Bo"'g"(&%o'"g7EEg'''''&##$)g**)('g'%g!
!
%*Q! Y<2C-329! 8g! Yg9! Eg! [g! L2jF;69! >g! _15/9! Dg! Jg! 75..2M9! 21! Yg! Lg! U6g! "%%+g! {!E-5<3?2.! 7<0C32! 75F261! U.F0! ?<./6B!
H5./\561;3!J32I/56!;6?!>32O;1/56!|g!]%'$"/0*%<*V-%'0&,$*/"&*206%8*V'$5,$1!*!T)]f!&(%!#%g!
!
%+Q!Y<2C-329!8g!Yg9!Eg![g!L2jF;69!>g!_15/9!@g!Gg!L/2^<.9!Dg!Jg!75..2M9!21!Yg!Lg!U6g!('''g!{!R-2![232O;6C2!5W!1-2!75F261!
U.F!5W!E-5<3?2.!7<0C320!j/1-![20=2C1!15!UI/;3![51;1/56!5W!1-2!@3265-<F2.;3!V5/61!/6!J5<.!450/1/560!|g!_0)")(/0*S)%3,(-/")(.*
=S$).#%0>*TU%"@!")!T)]f!#((!(%g!
!
%$Q!Y<KK29!E;-;6;!Lg9!G/6?02M!Ug!,<.;1;359!U6;!,;.53/6;!?2!,;F=509!7;.K!H;332119!Y;1-;./62!>g!U312.9!21!8/;62!Gg!8;F/;65g!
('"*g! {!,55.?/6;1/56! 5W! [2;C-Q15Q@.;0=! Y/62F;1/C0! /6! _6?/O/?<;30! i/1-! ,-/3?-55?QP6021! 8M0156/;! 8<2! 15! H2F/=32B/C!
,2.2^.;3! 4;30M!|g! !222* 4$/"./(#)%".* %"* Q,'$/0* V1.#,3.* /"&* A,-/6)0)#/#)%"* 2"5)",,$)"59* T* G'60)(/#)%"* %<* #-,* !222*
2"5)",,$)"5*)"*+,&)()",*/"&*S)%0%51*V%(),#1!(&!T)]f!)$(!%'g!-11=0foo?5/g5.Bo"'g""'%oRLE[>g('")g(&)$(%#g!
!
%%Q! G2! R.512.9! U.6;<?9! U32I;6?.2! J5<.A9! 7;I/F2! @<M29! EM3O/;62! ,56W5.1Q@5<6M9! V2;6Q4/2..2! 7;112/9! V<3/26! @56?/69!
>FF;6<2332!E;35.1Q,;F=;6;9!21!8;O/?!D26?;-;6g!('"*g!{!X53<F2!72;0<.2F2610!5W!_6?/O/?<;3!7<0C320!/6!H<F;6!N<;?./C2=0!
J2F5./0! a0/6B! U13;0QD;02?! E2BF261;1/56! U==.5;C-20!|g! +/53/* =Q,8* h%$a>* QNhN@! (%! T(]f! (&)!)+g!
-11=0foo?5/g5.Bo"'g"''+o0"'##&Q'"*Q')#)Q*g!
!
"''Q!G2-1/6269!V;662!Rg9!7;.K<0!Vg!R/6B;.19!7;./;!U=.232O;9!8;O/?!p<.;K5j0K/9!i/33/;F!4;3F2.9!21!V56!Vg!4g!i;.62.g!(''#g!
{!4.;C1/C;3! U00200F261! 5W! [51;15.! ,<WW! 7<0C32! X53<F20! a0/6B! E-5<3?2.! 7[_!|g! T(#/* R$#-%?/,&)(/* V(/"&)"/U)(/! +&! T*]f!
+((!(%g!-11=0foo?5/g5.Bo"'g"'$'o'''"*&+'#"''"$(+'g!
!
"'"Q!G/2^2.9![/C-;.?!Gg9!21!V;6!J./?A6g!('''g!{!J<6C1/56;3!;6?!,3/6/C;3!E/B6/W/C;6C2!5W!EK2321;3!7<0C32!U.C-/12C1<.2!|g!+'.(0,*
\*Q,$U,!(#!T""]f!"*&+!**g!-11=0foo?5/g5.Bo"'g"''(o"'%+Q&)%$T('''""](#f""y"*&+ffU_8Q7aE"ƒ#g'g,P:(Q7g!
!
"'(Q! G/6B9! Hg! `g9! Vg! @g! U6B23209! 21! 7g! Dg! H5.5?M0K/g! (''%g! {!D/5F2C-;6/C0! 5W! G;1/00/F<0! 85.0/! R.;60W2.! W5.! _..2=;.;^32!
45012.50<=2./5.! [51;15.! ,<WW! R2;.0!|g! _0)")(/0* S)%3,(-/")(.* =S$).#%0>* TU%"@! (&! T#]f! (*"!**g!
-11=0foo?5/g5.Bo"'g"'"*okgC3/6^/5F2C-g(''$g"(g''(g!

! "+*!
!
"'#Q!G5<?269!>F/3M!Vg9!,-;?!Ug!D.52./6B9!,-;.320!Rg!72-3F;69!i/33/;F!,g!G/==2.19!V2002!4.;119!21!>/3226!,g!Y/6Bg!('"#g!
{!721;QU6;3M0/0! 5W! J<6C1/56! ;W12.! E2C56?;.M! E-5<3?2.! E<.B2.M! /6! L256;1;3! D.;C-/;3! 432I<0! 4;30M!|g! ]%'$"/0* %<* G,&)/#$)(*
R$#-%?,&)(.!##!T*]f!*)*!*#g!-11=0foo?5/g5.Bo"'g"'%+oD4Pg'^'"#2#"$(;""W'Wg!
!
"'&Q! 7;B;6;./09! ,5601;61/650! Lg! (''&g! {!_F;B/6BQD;02?! >01/F;120! 5W! 75F261! U.F! G26B1-! /6! _61;C1! H<F;6! 7<0C32Q
R26?560!|g!2'$%?,/"*]%'$"/0*%<*T??0),&*G-1.)%0%51!%"!T(!#]f!"#'!#%g!-11=0foo?5/g5.Bo"'g"''+o0''&("Q''#Q"'##QIg!
!
"')Q!7;1-<.9!E<6/1;9!Y;.26!4.!R;K;/9!8566;!Gg!7;C/61M.29!21!8;.3262![2/?g!(''$g!{!>01/F;1/56!5W!R-/B-!7<0C32!7;00!j/1-!
7;B621/C![2056;6C2!_F;B/6B!/6!P3?2.!U?<310!;6?!425=32!j/1-!,-.56/C!P^01.<C1/O2!4<3F56;.M!8/02;02!|g!G-1.)(/0*4-,$/?1!
$$!T(]f!("%!#'g!-11=0foo?5/g5.Bo"'g()((o=1kg(''+'')(g!
!
"'*Q! 7;11-2j09! 8266/0! Vg! ('"$g! {!J<6C1/56! 5W! 1-2! a6;WW2C12?! U.F0! 5W! ,-/3?.26! j/1-! L256;1;3! D.;C-/;3! 432I<0! _6k<./20!|g!
2'$%?,/"*]%'$"/0*%<*G/,&)/#$)(*Q,'$%0%51!((!T&]f!)$"g!-11=0foo?5/g5.Bo"'g"'"*okg2k=6g('"$g')g'"&g!
!
"'+Q! 7;MW/23?9! ,-./01/;6! Hg9! E;-;6;! Lg! Y<KK29! EM3O;/6! D.5C-;.?9! ,-./015=-2.! Vg! E1;632M9! Y;1-;./62! >g! U312.9! 21! 8/;62! Gg!
8;F/;65g!('"+g!{!_612.Qk5/61!C55.?/6;1/56!;6;3M0/0!5W!.2;C-Q15QB.;0=!K/62F;1/C0!/6!C-/3?.26!;6?!;?5320C2610!j/1-!5^0121./C;3!
^.;C-/;3!=32I<0!=;30M!|g!_0)")(/0*S)%3,(-/")(.!&*!Tk</3321]f!")!((g!-11=0foo?5/g5.Bo"'g"'"*okgC3/6^/5F2C-g('"+g'&g'"'g!
!
"'$Q!72-3F;69!,-;.320!Rg9!i/33/;F!Dg!82X529!i/33/;F!,g!G/==2.19!G/6?;!Vg!7/C-;<?9!U33/056!Vg!U33B/2.9!21!E<0;6!Gg!J5;?g!
('""g!{!U.1-.50C5=/C;33M!U00/012?!E2O2.QGc>=/0C5=5!4.5C2?<.2!_F=.5O20!,3/6/C;3!;6?![;?/5B.;=-/C!P<1C5F20!/6!L256;1;3!
D.;C-/;3! 432I<0! 4;30M! 4;1/2610!|g! ]%'$"/0* %<* G,&)/#$)(* R$#-%?,&)(.! #"! T#]f! #&"!)"g!
-11=0foo?5/g5.Bo"'g"'%+oD4Pg'^'"#2#"$('C;?;$g!
!
"'%Q!7/?./59!726511/g!(''*g!{!R-2!8262.O;12?!7<0C32f!J;C10!;6?!HM=51-2020g!U!H/015./C;3![2O/2j!|g!2'$%?,/"*]%'$"/0*%<*
T??0),&*G-1.)%0%51!%$!T"]f!"!("g!-11=0foo?5/g5.Bo"'g"''+o0''&("Q''*Q'()*Q\g!
!
""'Q!75KK/6K9!G/?j/62!Dg9!,;.53/62!Dg!R2.j229!856;3?!Gg!4;1./CK9!V5.?/!U356059!4;<3!ig!E1.;1W5.?9!8/.K!Gg!Y6539!G2I!7g!
D5<12.9!21!H26./C;!,g!ig!?2!X21g!('"'g!{!R-2!,PE7_L!E1<?M![2;C-2?!_612.6;1/56;3!,560260<0!56!R;I565FM9!R2.F/6535BM9!
;6?!82W/6/1/560!5W!72;0<.2F261!4.5=2.1/20!W5.!H2;31-Q[23;12?!4;1/261Q[2=5.12?!P<1C5F20!|g!]%'$"/0*%<*_0)")(/0*2?)&,3)%0%51!
*#!T+]f!+#+!&)g!-11=0foo?5/g5.Bo"'g"'"*okgkC3/62=/g('"'g'(g''*g!
!
"""Q!7533^2.B9!7;.B;.21;9!H26./K!H;B^2.B9!Dq.k2!D;B2.9!H„K;6!G/3k;9!21!G;.0!G;?W5.0g!('')g!{![/0K!J;C15.0!W5.!P^0121./C!
D.;C-/;3!432I<0!4;30M!;F56B!L256;120!823/O2.2?!^M!X;C<<F!>I1.;C1/56!|g!R6.#,#$)(.*/"&*i1",(%0%51!"'*!T)!41!"]f!%"#!"$g!
-11=0foo?5/g5.Bo"'g"'%+o'"gUP@g''''"$#)%)g#('++g$#g!
"'%Q!75.029!,g!_g9!Vg!7g!R-5F9!Yg!7g!D/.C-9!21!7g!Xg!L;./C/g!('')g!{!,-;6B20!/6!R./C2=0!E<.;2!7<0C32!U.C-/12C1<.2!j/1-!
E;.C5=26/;!|g!T(#/*G-1.)%0%5)(/*V(/"&)"/U)(/!"$#!T#]f!(%"!%$g!-11=0foo?5/g5.Bo"'g""""okg"#*)Q('"Sg(''&g'"&'&gIg!
!
""(Q!750e<2?;9!R2.20;9!7/C-2332!Ug!V;F209!YM./;!421<0K2M9!U6/1;!D;B32M9!>012332!U^?;3;9!21!@25.B2![;^g!(''&g!{!Y/62F;1/C!
U00200F261!5W!1-2!a==2.!>I1.2F/1M!/6!D.;C-/;3!432I<0!D/.1-!4;30M!|g!]%'$"/0*%<*G,&)/#$)(*R$#-%?/,&)(.!(&!T*]f!*%)g!
!
""#Q!75<K5K59!8/?/2.9!7;.M^21-!>\;K/9!8;O/?!i/3K209!21!4212.!,;.12.g!(''&g!{!45012./5.!E-5<3?2.!8/035C;1/56!/6!_6W;610!j/1-!
L256;1;3!D.;C-/;3!432I<0!4;30M!|g!4-,*]%'$"/0*%<*S%",*/"&*]%)"#*V'$5,$1N*T3,$)(/"*^%0'3,!$*QU!T&]f!+$+!%#g!
!
""&Q! L;.;K;09! UPg! "%$+g! {!P^0121./C;3! ^.;C-/;3! =32I<0! /6k<./20!|g! _6! 4-,* G/$/01X,&* W/"&9! ""*!#)g! >?/6^<.B-f! ,-<.C-/33!
G/O/6B01562f!G;F^!8ig!
!
"")Q!L;1-9![;-<3!Yg9!21!723/;!4;/\/g!(''+g!{!EC;=<3;.!?2W5.F/1M!/6!5^0121./C!^.;C-/;3!=32I<0!=;30Mf!;!62j!W/6?/6B!|g!V'$5)(/0*
/"&*A/&)%0%5)(*T"/#%31!(%!T(]f!"##!&'g!-11=0foo?5/g5.Bo"'g"''+o0''(+*Q''*Q'"+#Q"g!
!
""*Q!L2112.9!J.;6Kg!('")g!T#0/.*&g/"/#%3),*-'3/)",g!*2!A?/1/56g!>302O/2.!7;0056g!
!
""+Q!L5^329!V56;1-;6!Vg9!L/C53;![?!J.M9!,;.3M![g!D/6B-;F9![2^2CC;!Hg!>;019!21!U?;F!4g!E-5.13;6?g!('"$g!{!U!4.;C1/C;3!,3/6/C;3!
Y/62F;1/C! 75?23! W5.! 1-2! a==2.! G/F^0!|g! G$%(,,&)"5.* %<* #-,* !".#)#'#)%"* %<* +,(-/")(/0* 2"5)",,$.N* G/$#* W>* ]%'$"/0* %<*
2"5)",,$)"5*)"*+,&)()",!(#(!T(]f!('+!"(g!-11=0foo?5/g5.Bo"'g""++o'%)&&""%"++&%*"+g!
!
""$Q! P-39! S;O/2.9! J;^/26! D/33<;.19! 4/2..2Q`O20! G;B;CA9! P3/O/2.! @;B2M9! L/C53;! H;B2F2/012.9! 21! i;W;! EK;33/g! ('"(g! {!#8!
75.=-5F21./C! U6;3M0/0! 5W! &#! EC;=<3;2!|g! V'$5)(/0* /"&* A/&)%0%5)(* T"/#%319* VAT! #&! T)]f! &&+!)#g!
-11=0foo?5/g5.Bo"'g"''+o0''(+*Q'"(Q'%##Q\g!
!
""%Q!PK^M9![;6/;9!21!>M;3!E-2/62.g!('"(g!{![/0K!J;C15.0!W5.!L256;1;3!D.;C-/;3!432I<0!4;.;3M0/0!|g!T$(-)U,.*%<*i1",(%0%51*/"&*
R6.#,#$)(.!($*!T(]f!###!#*g!-11=0foo?5/g5.Bo"'g"''+o0''&'&Q'"(Q((+(Q\g!
!
"('Q!P\^269!H;K;69!U1;!,;6!U1;3;.9!Y2.2F!D/30239!21!72-F21!82F/.-;6g!('""g!{!R.;60W2.!5W!G;1/00F<0!85.0/!;6?!R2.20!7;k5.!
R26?560!j/1-5<1!E<^0C;=<3;./0![232;02!W5.!1-2!R.2;1F261!5W!P^0121./C;3!D.;C-/;3!432I<0!4;30M!E2e<23;!|g!]%'$"/0*%<*V-%'0&,$*
/"&*206%8*V'$5,$1!('!T$]f!"(*)!+&g!-11=0foo?5/g5.Bo"'g"'"*okgk02g('""g'"g''&g!
!
"("Q!4;.1./?B29!,2C/3M9!21!E<0;6!>?j;.?0g!(''&g!{!P^0121./C!D.;C-/;3!432I<0!4;30Mf!_6C.2;0/6B!8/0;^/3/1M!;6?!>I;C2.^;1/56!5W!
EMF=15F0!j/1-!UB2!|g!G-1.)%#-,$/?1*A,.,/$(-*!"#,$"/#)%"/09*4-,*]%'$"/0*<%$*A,.,/$(-,$.*/"&*_0)")()/".*)"*G-1.)(/0*4-,$/?1!

! "++!
%!T&]f!")+!*#g!
!
"((Q! 4;1;KM9! R5??! ,g! ('"'g! {!@262.;3/\2?! LQ8/F260/56;3! D/5F2C-;6/C;3! J/23?! U6;3M0/0! a0/6B! E1;1/01/C;3! 4;.;F21./C!
7;==/6B!|g!]%'$"/0*%<*S)%3,(-/")(.!&#!T"']f!"%+*!$(g!-11=0foo?5/g5.Bo"'g"'"*okgk^/5F2C-g('"'g'#g''$g!
!
"(#Q!42;.39!7g!Gg9!21!Dg!ig!>?B2.156g!"%%$g!{!@3265/?!82W5.F/1M!E2C56?;.M!15!D.;C-/;3!432I<0!D/.1-!4;30M!|g!4-,*]%'$"/0*%<*
S%",*/"&*]%)"#*V'$5,$1N*T3,$)(/"*^%0'3,!$'!T)]f!*)%!*+g!
!
"(&Q!42;.39!7/C-;23!Gg!(''%g!{!E-5<3?2.!4.5^32F0!/6!,-/3?.26!j/1-!D.;C-/;3!432I<0!D/.1-!4;30Mf!>O;3<;1/56!;6?!7;6;B2F261!|g!
4-,*]%'$"/0*%<*#-,*T3,$)(/"*T(/&,31*%<*R$#-%?/,&)(*V'$5,%".!"+!T&]f!(&(!)&g!
!
"()Q!42;.39!7/C-;23!Gg9!D.;?W5.?!ig!>?B2.1569!4;<3!Ug!Y;\/F/.5WW9![;5<3!Vg!D<.C-21129!21!Y;.M6!i56Bg!(''*g!{!U.1-.50C5=/C!
[232;02!;6?!G;1/00/F<0!85.0/!R.;60W2.!W5.!E-5<3?2.!_612.6;3![51;1/56!,561.;C1<.20!;6?!@3265-<F2.;3!82W5.F/1M!E2C56?;.M!
15! D.;C-/;3! 432I<0! D/.1-! 4;30M!|g! 4-,* ]%'$"/0* %<* S%",* /"&* ]%)"#* V'$5,$1N* T3,$)(/"* ^%0'3,! $$! T#]f! )*&!+&g!
-11=0foo?5/g5.Bo"'g("'*oVDVEg8g'($+(g!
!
"(*Q!42?5j/1\9!8;O/?!_g9!D.211!@/^0569!@2.;3?![g!i/33/;F09!21!EC511!Hg!Y5\/6g!(''+g!{!U.1-.50C5=/C!R.2;1F261!5W!45012./5.!
@3265-<F2.;3!V5/61!E<^3<I;1/56![20<31/6B!W.5F!D.;C-/;3!432I<0!D/.1-!4;30M!|g!]%'$"/0*%<*V-%'0&,$*/"&*206%8*V'$5,$1!"*!T"]f!
*!"#g!-11=0foo?5/g5.Bo"'g"'"*okgk02g(''*g'&g''$g!
!
"(+Q!4/1C-2.9!,-./01/;6!Ug9!,;1-2./62!7g!>33/5119!E/;6!Ug!i/33/;F09!723/00;!Yg!G/C;./9!U32I!Y<26\239!4212.!Vg!E-/=F;69!V;62!4g!
X;3261/629!21!E/5^-;6!Gg![2/?g!('"(g!{!,-/3?-55?!7<0C32!75.=-535BM!;6?!E1.26B1-f!U312.;1/560!5O2.!E/I!7561-0!5W!@.5j1-!|g!
+'.(0,*\*Q,$U,!&*!T#]f!#*'!**g!-11=0foo?5/g5.Bo"'g"''(oF<0g(##(*g!
!
"($Q!456?;;B9!i/332F9!21!7;.1/k6!Vg!Ug!7;3200Mg!('"&g!{!R-2!>O/?26C2!W5.!L2.O2![2=;/.!/6!P^0121./C!D.;C-/;3!432I<0!4;30M!
[2O/0/12?!|g![202;.C-!;.1/C32g!D/572?![202;.C-!_612.6;1/56;3g!('"&g!-11=0foo?5/g5.Bo"'g""))o('"&o&#&*"%g!
!
"(%Q!4qM-/r9!R//6;!Hg9!7/K;!4g!Y5/O/KK59!V;./!_g!423156269!7/KK5!Pg!Y/.k;O;/6269!U611/!>g!G;FF/6269!21!Ug!`.kr6r!L/2150O;;.;g!
(''+g! {!7<0C32! ,-;6B20! /6! D.;C-/;3! 432I<0! D/.1-! _6k<.M! j/1-! >3^5j! J32I/56! ,561.;C1<.2f! U6! 7[_! E1<?M!|g! G,&)/#$)(*
A/&)%0%51!#+!T(]f!"+#!+%g!-11=0foo?5/g5.Bo"'g"''+o0''(&+Q''*Q'#+&Q'g!
!
"#'Q!4qM-/r9!R//6;!Hg9!`.kr6r!Ug!L/2150O;;.;9!X/332!7g![2F209!7/KK5!Pg!Y/.k;O;/6269!V;./!_g!423156269!21!U611/!>g!G;FF/626g!
('')g! {!7[_! 5W! [51;15.! ,<WW! 7<0C32! U1.5=-M! /6! [23;1/56! 15! @3265-<F2.;3! V5/61! _6C56B.<26C2! /6! D.;C-/;3! 432I<0! D/.1-!
_6k<.M!|g!G,&)/#$)(*A/&)%0%51!#)!T&]f!&'(!%g!-11=0foo?5/g5.Bo"'g"''+o0''(&+Q''&Q"#++Q#g!
!
"#"Q![;?<C-;9!V2.2FM!>g9!D./;6!,5-269!R.;O/0!D355?9!21!V<3/;!Y;1;./6C/Cg!('"+g!{!U![2O/2j!5W!D.;C-/;3!432I<0!D/.1-!4;30Mf!
_6k<.M!;6?![2-;^/3/1;1/56!|g!A-%&,*!.0/"&*+,&)(/0*]%'$"/0*=B;:F@!"''!T""]f!"+!("g!
!
"#(Q![;0F<00269!GM6621129!826/02!V<01/C29!Y;12!igQ,g!,-;6B9!X/.B/6/;!Eg!L230569!21!GM6?;!VgQEg!`;6Bg!('"#g!{!H5F2!>I2.C/02!
8X8!4.5F5120!>I2.C/02!UCC<.;CM!^M!,;.2B/O2.0!5W!,-/3?.26!;6?!U?5320C2610!j/1-!D.;C-/;3!432I<0!4;30M!|g!G+*\*A9*4-,*
]%'$"/0*%<*!"C'$1>*Y'"(#)%">*/"&*A,-/6)0)#/#)%"!)!T""]f!%(&!#'g!-11=0foo?5/g5.Bo"'g"'"*okg=F.kg('"#g'*g''#g!
!
"##Q! [5?;.M9! ,g9! Xg! 42\21QG;6B2O/69! 21! ,g! Y;3/W;g! (''"g! {!…N<;3/1M! 5W! 3/W2! /6! C-/3?.26f! j-;1! /0! ;! B55?! 2O;3<;1/56! 1553•†!|g!
T$(-)U,.*E,*G,&)/#$),9*R$5/",*R<<)(),0*E,*c/*V%(),#,*Y$/"(/).,*E,*G,&)/#$),!$!T+]f!+&&!)'g!
!
"#&Q![<C-230F;69!8;O/?!>g9!V5-6!Ug!_g!@.500F;69!21!U6?.2j!>g!4./C2g!('""g!{!@3265-<F2.;3!82W5.F/1M!/6!,-/3?.26!j/1-!
D.;C-/;3!432I<0!D/.1-!_6k<./20!|g!S'00,#)"*%<*#-,*QhZ*W%.?)#/0*<%$*]%)"#*E).,/.,.!*%!T"]f!#*!&#g!
!
"#)Q![<C-230F;69!8;O/?!>g9!E;.;-!4211.5629!U6?.2j!>g!4./C29!21!V5-6!Ug!_g!@.500F;6g!(''%g!{!D.;C-/;3!432I<0!D/.1-!4;30Mf!U6!
PO2.O/2j!5W!>;.3M!R.2;1F261!,560/?2.;1/560!|g!S'00,#)"*%<*#-,*QhZ*W%.?)#/0*<%$*]%)"#*E).,/.,.!*+!T"]f!$#!$%g!
!
"#*Q![<0059!E12=-;6/2!Ug9!EC511!Hg!Y5\/69!8;6!Ug!p351535j9!Y./0126!Jg!R-5F;09![5^2.1!Gg!H<3^2.19!V2WW.2M!7g!7;110569!Yg!
7/C-;23![5j32M9!21!V;F20!@g![/C-;.?0g!('"&g!{!EC;=<351-5.;C/C!;6?!@3265-<F2.;3!,561./^<1/560!15!751/56!/6!,-/3?.26!j/1-!
D.;C-/;3! 432I<0! D/.1-! 4;30M!|g! ]%'$"/0* %<* V-%'0&,$* /"&* 206%8* V'$5,$1! (#! T#]f! #(+!#$g!
-11=0foo?5/g5.Bo"'g"'"*okgk02g('"#g'*g'(#g!
!
"#+Q! E;W5<.M9! `;002.! Ug9! 75-;F2?! Rg! >3?205KM9! >6;0! >g! U^<1;32^9! 75-;F2?! [g! U112M;9! 21! U-F2?! 7g! @;^.g! ('"+g!
{!45015=2.;1/O2!4-M0/C;3!R-2.;=M!4.5B.;F!W5.!G;1/00/F<0!85.0/!;6?!R2.20!7;k5.!R26?560!R.;60W2.!15![51;15.!,<WW!/6!,-/3?.26!
j/1-! P^0121./C;3! D.;C-/;3! 432I<0! _6k<.M!|g! 2'$%?,/"* ]%'$"/0* %<* G-1.)(/0* /"&* A,-/6)0)#/#)%"* +,&)()",! )#! T(]f! (++!$)g!
-11=0foo?5/g5.Bo"'g(#+#*oE"%+#Q%'$+g"*g'#%"'Q"g!
!
"#$Q!E;61509!@;^./23;!G5=209!R-/;B5!G</\![<0059!U6B23;!L/2<j26-<M09!8;O/?2!756;./9!21!Y;;1!820355O2.2g!('"$g!{!Y/62F;1/C!
U6;3M0/0!5W!;!8./6K/6B!R;0K!/6!,-.56/C!H2F/=;.21/C!4;1/2610!a0/6B!J2;1<.20!U6;3M0/0!;6?!E1;1/01/C;3!4;.;F21./C!7;==/6B!|g!
T$(-)U,.*%<*G-1.)(/0*+,&)()",*/"&*A,-/6)0)#/#)%"!%%!T#]f!)'"Q)""g2&g!-11=0foo?5/g5.Bo"'g"'"*okg;=F.g('"+g'$g&+%g!
!
"#%Q!E;.;C9!,/B?2F9!>O23/26!D;01/;;60269!72665!X;6!?2.!H53019!7;.1/k6!Vg!Ug!7;3200M9![5^!@g!Hg!Hg!L23/00269!21!R-2;!4g!7g!
X3/21!X3/23;6?g!('"#g!{!,56C2=10!5W!J<6C1/56/6B!;6?!H2;31-!_F=5.1;61!15!,-/3?.26!j/1-!;6!P^0121./C!D.;C-/;3!432I<0!_6k<.Mf!U!
N<;3/1;1/O2! E1<?M! a0/6B! J5C<0! @.5<=0!|g! E,U,0%?3,"#/0* +,&)()",* /"&* _-)0&* Q,'$%0%51! ))! T"(]f! ""#*!&(g!
-11=0foo?5/g5.Bo"'g""""o?FC6g"((+'g!

! "+$!
!
"&'Q!E;.;C9!,/B?2F9!D5<K2!Vg!8</k6/0O23?9!UF^2.!O;6!?2.!i2/?29!V;6!ig!EC-556209!7;.1/k6!Vg!Ug!7;3200M9![5^!@g!Hg!Hg!
L23/00269!21!R-2;!4g!7g!X3/21!X3/23;6?g!('")g!{!P<1C5F2!72;0<.20!a02?!/6!,3/6/C;3!E1<?/20!56!L256;1;3!D.;C-/;3!432I<0!4;30Mf!
U! EM012F;1/C! G/12.;1<.2! [2O/2j! a0/6B! 1-2! _612.6;1/56;3! ,3;00/W/C;1/56! 5W! J<6C1/56/6B9! 8/0;^/3/1M! ;6?! H2;31-!|g! ]%'$"/0* %<*
G,&)/#$)(*A,-/6)0)#/#)%"*+,&)()",!$!T#]f!"*+!$*g!-11=0foo?5/g5.Bo"'g#(##o4[7Q")'##)g!
!
"&"Q!E-26;e9!E;32-!7g9!V;F;3!7g!D<335CK09!@<=.221!8-/33569![/1;!Rg!G229!21!V5-6!4g!G;<.261g!('')g!{!7;6;B2F261!5W!_6W;61!
D.;C-/;3!432I<0!_6k<./20!|g!_0)")(.*)"*G0/.#)(*V'$5,$1!#(!T"]f!+%!%$g!-11=0foo?5/g5.Bo"'g"'"*okgC=0g(''&g'%g''"g!
!
"&(Q!E/^/60K/9!7;.C/69!D;.1‡5F/2k!i5ˆ6/;K5j0K/9!7;.2K!8.5^6/2j0K/9!21!7;.2K!EM6?2.g!('"'g!{!E2C56?;.M!@3265QH<F2.;3!
V5/61! 8M0=3;0/;! /6! ,-/3?.26! j/1-! 42.0/01261! P^0121./C! D.;C-/;3! 432I<0! 4;30M!|g! !"#,$"/#)%"/0* R$#-%?/,&)(.! #&! T*]f! $*#!*+g!
-11=0foo?5/g5.Bo"'g"''+o0''(*&Q'"'Q'%*)Q'g!
!
"&#Q! EK5.<=0K;9! >3‰^/21;9! 4.\2FM0‡;j! Y2C\F2.9! [;W;‡! 7g! Š5C-5j0K/9! 4;<3/6;! R5F;39! 7/C-;‡! [MC-3/K9! 21! i‡5?\/F/2.\!
E;F^5.0K/g!('"*g!{![23/;^/3/1M!5W!7[QD;02?!X53<F21./C!#Q8!U6;3M0/0!5W!423O/C!7<0C320!;F56B!E<^k2C10!j/1-!G5j!D;CK!j/1-!
G2B!4;/6!;6?!H2;31-M!X53<6122.0!|g!G0%V*R",!""!T+]f!2'")%)$+g!-11=0foo?5/g5.Bo"'g"#+"ok5<.6;3g=562g'")%)$+g!
!
"&&Q!E3</k09!Vg!Ug!O;6!?2.9!ig!Vg![g!O;6!P<j2.K2.K9![g!Ug!7;653/<9!21!4g!_g!Vg!7g!i</0F;6g!(''&g!{!E2C56?;.M!82W5.F/1/20!5W!
1-2!E-5<3?2.!/6!_6W;610!j/1-!;6!P^0121./C;3!D.;C-/;3!432I<0!G20/560!,560/?2.2?!W5.!L2<.50<.B/C;3!R.2;1F261!|g!Q,'$%.'$5)(/0*
Y%('.!"*!T)]f!>%g!
!
"&)Q!E3</k09!Vg!Ug!O;6!?2.9!ig!Vg!O;6!P<j2.K2.K9!Ug!?2!@;019!4g!_g!i</0F;69!Jg!L533219!21![g!Ug!7;653/<g!(''"g!{!82W5.F/1/20!
5W!1-2!E-5<3?2.!/6!_6W;610!`5<6B2.!1-;6!"(!7561-0!j/1-!;6!P^0121./C!G20/56!5W!1-2!D.;C-/;3!432I<0!|g!4-,*]%'$"/0*%<*S%",*/"&*
]%)"#*V'$5,$1N*S$)#).-*^%0'3,!$#!T&]f!))"!))g!
!
"&*Q!EF/1-9!D.;6?56!ig9!U32C/;!Yg!8;<612.9!GM6?;!VgQEg!`;6B9!21!R-5F;0!Vg!i/3056g!('"$g!{!U6!a=?;12!56!1-2!7;6;B2F261!
5W! L256;1;3! D.;C-/;3! 432I<0! 4;30MQ[2=3;C/6B! P3?! 4;.;?/BF0f! U! [2O/2j!|g! ]T+T* G,&)/#$)(.! "+(! T*]f! )$)!%"g!
-11=0foo?5/g5.Bo"'g"''"ok;F;=2?/;1./C0g('"$g'"(&g!
!
"&+Q!E53?;?59!J.;6C/0C59!8;O/?!D26/15Q,;01/3359!,20;.!@g!J5612C-;9!_B6;0/!D;.^2.9!7;./5!7;.511;9!E32/F;6!H;??;?9!7;./;65!
>g!72626?2\9!X;0C5!Xg!7;0C;.26-;09!21!EC511!Hg!Y5\/6g!('"(g!{!7<0C<3;.!;6?!B3265-<F2.;3!C-;6B20!/6!1-2!0-5<3?2.!;W12.!
^.;C-/;3!=32I<0!^/.1-!=;30Mf!;6!7[_!01<?M!/6!;!.;1!F5?23!|g!]%'$"/0*%<*S$/(-)/0*G0,P'.*/"&*G,$)?-,$/0*Q,$U,*!"C'$1!+!T"]f!%g!
-11=0foo?5/g5.Bo"'g""$*o"+&%Q+(("Q+Q%g!
!
"&$Q!E53?;?59!J.;6C/0C59!,20;.!@g!J5612C-;9!7;./5!7;.511;9!8;O/?!D26/159!7;.C235!,;0;CC/;9!X;0C5!Xg!7;0C;.26-;09!8;6!
p351535j9!21!EC511!Hg!Y5\/6g!('"&g!{!R-2!.532!5W!F<0C32!/F^;3;6C2!/6!1-2!=;1-5B2620/0!5W!0-5<3?2.!C561.;C1<.2!;W12.!6256;1;3!
^.;C-/;3! =32I<0! =;30Mf! ;! 01<?M! /6! ;! .;1! F5?23!|g! ]%'$"/0* %<* V-%'0&,$* /"&* 206%8* V'$5,$1! (#! T+]f! "''#!%g!
-11=0foo?5/g5.Bo"'g"'"*okgk02g('"#g'%g'#"g!
!
"&%Q!E=;;.B;.269!>309!V;0FM6!U-F2?9!i/332F!Vg![g!O;6!P<j2.K2.K9!X/6C261!?2!@.5519!21!H23226!D2CK2.F;6g!('""g!{!U0=2C10!
5W! UC1/O/1/20! ;6?! 4;.1/C/=;1/56! 5W! +Q$! `2;.QP3?! ,-/3?.26! j/1-! ;6! P^0121./C! D.;C-/;3! 432I<0! _6k<.M!|g! 2'$%?,/"* ]%'$"/0* %<*
G/,&)/#$)(* Q,'$%0%519* 2]GQ9* R<<)()/0* ]%'$"/0* %<* #-,* 2'$%?,/"* G/,&)/#$)(* Q,'$%0%51* V%(),#1! ")! T&]f! #&)!)(g!
-11=0foo?5/g5.Bo"'g"'"*okg2k=6g('""g'#g''$g!
!
")'Q!E=./6B2.9!_g9!7g!7‹332.9!Dg!H;FF9!21!7g!82j2Mg!('"(g!{!_61.;Q!;6?!_612.5^02.O2.!X;./;^/3/1M!5W!7;B621/C![2056;6C2!
_F;B/6B! W5.! N<;61/1;1/O2! U00200F261! 5W! U^?<C15.! ;6?! >I12.6;3! [51;15.! 7<0C32! ,-;6B20! ;W12.! R51;3! H/=! U.1-.5=3;01M!|g!
2'$%?,/"*]%'$"/0*%<*A/&)%0%51!$"!T)]f!%($!##g!-11=0foo?5/g5.Bo"'g"'"*okg2k.;?g('""g'"g""#g!
!
")"Q!Ee</1/2./9!G229!D.;?32M!4g!G;.0569!Y;12!ig!,g!,-;6B9!GM6?;!Vg!Eg!`;6B9!21!Y2O/6!,g!,-<6Bg!('"#g!{!a6?2.01;6?/6B!N<;3/1M!
5W!G/W2!;6?!4;1/261!>I=2C1;1/560!;F56B!U?5320C2610!j/1-!L256;1;3!D.;C-/;3!432I<0!4;30Mf!U!N<;3/1;1/O2!;6?!N<;61/1;1/O2!4/351!
E1<?M!|g!4-,*]%'$"/0*%<*W/"&*V'$5,$1!#$!T"(]f!(#$+Q(#%+g2(g!
!
")(Q!E<6?-53F9!Gg!Yg9!Ug!,g!>3/;00569!21!Hg!J5.00^2.Bg!"%%$g!{!P^0121./C!D.;C-/;3!432I<0!_6k<./20f!U00200F261!4.515C53!;6?!
J<6C1/56;3!P<1C5F2!;1!UB2!)!`2;.0!|g!E,U,0%?3,"#/0*+,&)()",*/"&*_-)0&*Q,'$%0%51!&'!T"]f!&!""g!
!
")#Q!R;3^2.19![5^2.1!Vg9!G/6?;!Vg!7/C-;<?9!,-;.320!Rg!72-3F;69!85<B3;0!@g!Y/662119!R;3!G;5.9!E<0;6!Gg!J5;?9!D2O2.3M!EC-62339!
21!E-23/;!E;3/0^<.Mg!('""g!{!>7@!;6?!7[_!U.2!_6?2=26?2613M![23;12?!15!E-5<3?2.!>I12.6;3![51;1/56!J<6C1/56!/6!L256;1;3!
D.;C-/;3!432I<0!4;30M!|g!]%'$"/0*%<*G,&)/#$)(*R$#-%?,&)(.!#"!T(]f!"%&!('&g!-11=0foo?5/g5.Bo"'g"'%+oD4Pg'^'"#2#"$('%($%(g!
!
")&Q!R;1;.;9!U32I;6?2.!7g9!V<01/6!Hg!G/=62.9![50;3/6;!8;09!Hg!7/K2!Y/F9!L/K<6k!4;1239!>326/!L15<O;3/9!7;11-2j!Vg!E/3O;9!21!
E1;O.50!R-5F5=5<350g!('"&g!{!R-2![532!5W!7<0C32!G5;?/6B!56!D562!T[2]75?23/6B!;1!1-2!82O235=/6B!>61-20/0!|g!GcRV*RQ2!
%!T)]f!2%+#+)g!-11=0foo?5/g5.Bo"'g"#+"ok5<.6;3g=562g''%+#+)g!
!
"))Q!R;129!,-./01/62!7;./29!@3266!Lg!i/33/;F09!4212.!Vg!D;..;6C29!21!R-5F;0!Eg!D<C-;6;6g!(''*g!{!G5j2.!>I1.2F/1M!7<0C32!
75.=-535BM!/6!`5<6B!U1-32120f!U6!7[_QD;02?!U6;3M0/0!|g!+,&)()",*/"&*V(),"(,*)"*V?%$#.*/"&*2P,$().,!#$!T"]f!"((!($g!
!
")*Q!R-25?5.5<9!8g!Vg9!Eg!Vg!R-25?5.5<9!21!`g!Y;K/10<^;1;g!('"(g!{!EK2321;3!7<0C32!8/02;02f!4;112.60!5W!7[_!U==2;.;6C20!|g!
4-,*S$)#).-*]%'$"/0*%<*A/&)%0%51!$)!T"'(']f!2"(%$Q"#'$g!-11=0foo?5/g5.Bo"'g"()%o^k.o"&'*#*&"g!
!

! "+%!
")+Q! R/6B;.19! 7;.K<0! Vg9! 7;./;! U=.232O;9! V;662! Rg! G2-1/6269! D./;6! ,;=2339! i/33/;F! >g! 4;3F2.9! 21! V56! Vg! 4g! i;.62.g! (''#g!
{!7;B621/C![2056;6C2!_F;B/6B!/6!N<;61/1;1/O2!U6;3M0/0!5W![51;15.!,<WW!7<0C32!X53<F2!|g!_0)")(/0*R$#-%?/,&)(.*/"&*A,0/#,&*
A,.,/$(-9!65!&")!T5C15^.2]f!"'&!"'g!-11=0foo?5/g5.Bo"'g"'%+o'"g^35g'''''%(%*%g"(&"&g2"g!
!
")$Q!R560569!U6629!EA^;01/26![;1239!`;66!G2!J<.9!4;1./CK!,5\\5629!21!8;O/?!D26?;-;6g!(''$g!{!>WW2C1!5W!7;1<.;1/56!56!1-2!
[23;1/560-/=! ^21j226! 7<0C32! E/\2! ;6?! J5.C2! 4.5?<C1/56!|g! +,&)()",* /"&* V(),"(,* )"* V?%$#.* /"&* 2P,$().,! &'! T)]f! %"$!()g!
-11=0foo?5/g5.Bo"'g"(&%o7EEg'^'"#2#"$"*&"^2?g!
!
")%Q!X;3261/69!E12=-;6/29!R5^2M!827511!`2;1209!R-2.20/;!G/CK;9!21!V;F20!>33/511g!('")g!{!_612.Q[;12.![23/;^/3/1M!5W!R.<6K!
7<0C32! 75.=-5F21./C! U6;3M0/0!|g! ]%'$"/0* %<* S/(a* /"&* +'.('0%.a,0,#/0* A,-/6)0)#/#)%"! ($! T"]f! "$"!%'g!
-11=0foo?5/g5.Bo"'g#(##oD7[Q"&'))(g!
!
"*'Q!X;6!8/kK9!Vg!@2.19!i/332F!456?;;B9!E56k;!7g!D</126-</09!>./K!ig!X;6!pj219!21!7;.1/k6!Vg!Ug!7;3200Mg!('"(g!{!L22?32!
>32C1.5FM5B.;=-M! ;1! "! 7561-! 4.2?/C10! 4;.;3M0/0! 5W! >3^5j! J32I/56! ;1! #! 7561-0! /6! P^0121./C! D.;C-/;3! 432I<0! G20/560!|g!
E,U,0%?3,"#/0*+,&)()",*/"&*_-)0&*Q,'$%0%51!)&!T$]f!+)#!)$g!-11=0foo?5/g5.Bo"'g""""okg"&*%Q$+&%g('"(g'&#"'gIg!
!
"*"Q!X;6!@232/6!X/1./6B;9!X;32./2!7g9![/C-;.?!V;0=2.09!7;.B./21!7<3326?2.9!i/332F!Vg!P<j2.K2.K9!21!V5-;6620!Ug!X;6!82.!
E3</k0g!('""g!{!>;.3M!>WW2C10!5W!7<0C32!U1.5=-M!56!E-5<3?2.!V5/61!82O235=F261!/6!_6W;610!j/1-!a6/3;12.;3!D/.1-!D.;C-/;3!432I<0!
_6k<.M!|g!E,U,0%?3,"#/0*+,&)()",*/"&*_-)0&*Q,'$%0%51!)#!T(]f!"+#!+$g!-11=0foo?5/g5.Bo"'g""""okg"&*%Q$+&%g('"'g'#+$#gIg!
!
"*(Q!X;6F2C-23269!_61/!7g9!U?;F!4g!E-5.13;6?9!21!V56;1-;6!Vg!L5^32g!('"+g!{!G5j2.!G/F^!7<0C32!X53<F2!>01/F;1/56!W.5F!
7;I/F<F! ,.500QE2C1/56;3! U.2;! ;6?! 7<0C32! G26B1-! /6! ,2.2^.;3! 4;30M! ;6?! RM=/C;33M! 82O235=/6B! _6?/O/?<;30!|g! _0)")(/0*
S)%3,(-/")(.*=S$).#%0>*TU%"@!)"!T65O2F^.2]f!&'!&&g!-11=0foo?5/g5.Bo"'g"'"*okgC3/6^/5F2C-g('"+g""g''&g!
!
"*#Q!X;\9!8;6/23;!X/.Bw6/;9!7;./0;!,511;!7;6C/6/9!7;w.;!J2..2/.;!?5!UF;.;39!7;./6;!?2!D./15!D.;6?Œ59!U?./;6;!?2!J.;6€;!
8.<FF56?9! 21! EA.B/5! R2/I2/.;! ?;! J5602C;g! ('"'g! {!,3/6/C;3! ,-;6B20! ?<./6B! ;6! _612.O261/56! D;02?! 56! ,5601.;/61Q_6?<C2?!
75O2F261!R-2.;=M!4./6C/=320!56!a02!5W!1-2!UWW2C12?!U.F!5W!;!,-/3?!j/1-!P^0121./C!D.;C-/;3!432I<0!_6k<.Mf!U!,;02![2=5.1!|g!
R(('?/#)%"/0*4-,$/?1*!"#,$"/#)%"/0!"+!T&]f!")%!*+g!-11=0foo?5/g5.Bo"'g"''(o51/g(%)g!
!
"*&Q!X22B2.9!Hg!>g!Vg9!21!Jg!,g!Rg!O;6!?2.!H23Fg!(''+g!{!E-5<3?2.!J<6C1/56f!R-2!42.W2C1!,5F=.5F/02!^21j226!75^/3/1M!;6?!
E1;^/3/1M!|g!]%'$"/0*%<*S)%3,(-/")(.!&'!T"']f!(""%!(%g!-11=0foo?5/g5.Bo"'g"'"*okgk^/5F2C-g(''*g"'g'"*g!
!
"*)Q! X/?19! 72B-;6! >g9! 723/00;! 8;3M9! 7/C-;23! >g! 7/332.9! ,.;326! ,g! 8;O/09! U61-56M! 4g! 7;.0-9! 21! Y;1-2./62! [g! E;<3g! ('"(g!
{!,-;.;C12./\/6B!a==2.!G/F^!7<0C32!X53<F2!;6?!E1.26B1-!/6!P3?2.!U?<310f!U!,5F=;./056!j/1-!`5<6B!U?<310!|g!]%'$"/0*%<*
S)%3,(-/")(.!&)!T(]f!##&!&"g!-11=0foo?5/g5.Bo"'g"'"*okgk^/5F2C-g('""g"'g''+g!
!
"**Q!X/?19!72B-;6!>g9!U61-56M!,g!E;61;B59!,-./015=-2.!Vg!R<5-M9!@;.M!@g!452-3/6B9!7/C-;23!Rg!J.22-/339![5^2.1!Ug!Y.;W19!
U61-56M!4g!7;.0-9!>./C!Vg!H2B2?<09!7/C-;23!>g!7/332.9!21!Y;1-2./62![g!E;<3g!('"*g!{!U00200F2610!5W!J;11M!_6W/31.;1/56!;6?!
7<0C32! U1.5=-M! J.5F! ;! E/6B32! 7;B621/C! [2056;6C2! _F;B2! E3/C2! U.2! L51! 4.2?/C1/O2! 5W! #Q8/F260/56;3! 72;0<.2F2610!|g!
T$#-$%.(%?19*4-,*]%'$"/0*%<*T$#-$%.(%?)(*\*A,0/#,&*V'$5,$19*R<<)()/0*G'60)(/#)%"*%<*#-,*T$#-$%.(%?1*T..%()/#)%"*%<*Q%$#-*
T3,$)(/*/"&*#-,*!"#,$"/#)%"/0*T$#-$%.(%?1*T..%()/#)%"!#(!T"]f!"($!#%g!-11=0foo?5/g5.Bo"'g"'"*okg;.1-.5g('")g'*g'#)g!
!
"*+Q!i;12.09!4g!7g9!@g![g!EF/1-9!21!8g!V;.;F/335g!"%%$g!{!@3265-<F2.;3!82W5.F/1M!E2C56?;.M!15!D.;C-/;3!432I<0!D/.1-!4;30M!|g!
4-,*]%'$"/0*%<*S%",*/"&*]%)"#*V'$5,$1N*T3,$)(/"*^%0'3,!$'!T)]f!**$!++g!
"**Q!i;12.09!4212.!7g!('')g!{!a=?;12!56!7;6;B2F261!5W!42?/;1./C!D.;C-/;3!432I<0!4;30M!|g!]%'$"/0*%<*G,&)/#$)(*R$#-%?,&)(.N*
G/$#*S!"&!T&]f!(##!&&g!
!
"*$Q! i;12.09! 4212.! 7g9! V;F20! Rg! 756/C;9! D.;6?56! >g! >;.=9! 8;O/?! p<.;K5j0K/9! 21! 856;3?! Eg! D;2g! (''%g! {!,5..23;1/56! 5W!
[;?/5B.;=-/C!7<0C32!,.500QE2C1/56;3!U.2;!j/1-!@3265-<F2.;3!82W5.F/1M!/6!,-/3?.26!j/1-!D.;C-/;3!432I<0!D/.1-!4;0M!|g!4-,*
]%'$"/0*%<*S%",*/"&*]%)"#*V'$5,$1N*T3,$)(/"*^%0'3,!%"!T"']f!(#*+!+)g!-11=0foo?5/g5.Bo"'g("'*oVDVEgHg''&"+g!
!
"*%Q!i2/\0;2CK2.9!Yg9!Vg!>g!82;O2.9!21!ig![g!,5-26g!(''+g!{!G;^5<.!,-;.;C12./01/C0!;6?!L256;1;3!>.^c0!4;30M!|g!S]Ri9*T"*
!"#,$"/#)%"/0*]%'$"/0*%<*R6.#,#$)(.*/"&*i1"/,(%0%51!""&!T$]f!"''#!%g!-11=0foo?5/g5.Bo"'g""""okg"&+"Q')($g(''+g'"#%(gIg!
!
"+'Q!i/CK-;F9!Vg!Dg9!21!Vg!7g!D.5j6g!"%%$g!{!7<0C320!j/1-/6!7<0C320f!R-2!L2<.5F515.!,561.53!5W!_61.;Q7<0C<3;.!E2BF2610!|g!
2'$%?,/"* ]%'$"/0* %<* T??0),&* G-1.)%0%51* /"&* R(('?/#)%"/0* G-1.)%0%51! +$! T#]f! ("%!()g!
-11=0foo?5/g5.Bo"'g"''+o0''&("'')'&"'g!
!
"+"Q!i55?9!Gg!>g9!Eg!8/I569!,g!@.;619!21!Lg!U.F01.56Bg!(''&g!{!>3^5j!J32I/56!;6?!>I1260/56!E1.26B1-![23;1/O2!15!D5?M!5.!
7<0C32! E/\2! /6! ,-/3?.26!|g! +,&)()",* /"&* V(),"(,* )"* V?%$#.* /"&* 2P,$().,! #*! T""]f! "%++!$&g!
-11=0foo?5/g5.Bo"'g"(&%o'"g7EEg''''"&)&)#g'()%$g+>g!
!
"+(Q! i<9! >?! Sg9! H;/M/6B! R;6B9! ,-./015=-2.! R56B9! E12O2! Dg! H2MF0W/23?9! 21! V502=-! [g! X;00233/g! (''$g! {!_6! X/O5! 7[_!
N<;61/W/C;1/56!5W!_6?/O/?<;3!7<0C32!;6?!P.B;6!X53<F20!W5.!U00200F261!5W!U6;^53/C!E12.5/?!@.5j1-!>WW2C10!|g!V#,$%)&.!+#!
T&]f!&#'!&'g!-11=0foo?5/g5.Bo"'g"'"*okg012.5/?0g(''+g"(g'""g!
!
"+#Q!i<9!@29!J.;60!,g!Rg!O;6!?2.!H23F9!Hg!>g!Vg!T8/.KV;6]!X22B2.9!75-026!7;K-05<09!4212.!X;6![5M9!,;.53M6!U6B3/69!V5C-2F!
L;B2309!21!;3g!('')g!{!_ED!.2C5FF26?;1/56!56!?2W/6/1/560!5W!k5/61!C55.?/6;12!0M012F0!5W!O;./5<0!k5/610!W5.!1-2!.2=5.1/6B!5W!
-<F;6! k5/61! F51/56•4;.1! __f! 0-5<3?2.9! 23^5j9! j./01! ;6?! -;6?!|g! ]%'$"/0* %<* S)%3,(-/")(.! #$! T)]f! %$"!%(g!

! "$'!
-11=0foo?5/g5.Bo"'g"'"*okgk^/5F2C-g(''&g')g'&(g!
!
"+&Q! `;6B9! GM6?;! VgQEg! ('"&g! {!L256;1;3! D.;C-/;3! 432I<0! 4;30MQQ7;6;B2F261! ;6?! 4.5B6501/C! J;C15.0!|g! V,3)"/$.* )"*
G,$)"/#%0%51!#$!T&]f!(((!#&g!-11=0foo?5/g5.Bo"'g"')#okg02F=2./g('"&g'&g''%g!
!
"+)Q! `/3F;\9! X53K;69! >^.<! aF;M9! L/-;3! R2\239! 21! _^.;-/F! @<6?5B?<g! ('"$g! {!R/F/6B! 5W! [2-;^/3/1;1/56! /6! ,-/3?.26! j/1-!
P^0121./C!a==2.!R.<6K!D.;C-/;3!432I<0!4;30M!|g!_-)0&g.*Q,$U%'.*V1.#,39*_-QV9*R<<)()/0*]%'$"/0*%<*#-,*!"#,$"/#)%"/0*V%(),#1*
<%$*G,&)/#$)(*Q,'$%.'$5,$1!#&!T*]f!"")#!*'g!-11=0foo?5/g5.Bo"'g"''+o0''#$"Q'"$Q#+%'Q"g!
!
"+*Q!p;W2/./5<9!8/F/1./50!_g9!21!Y;12./6;!40MC-5B/5<g!(''$g!{!P^0121./C;3!D.;C-/;3!432I<0!4;30M!|g!G,&)/#$)(*Q,'$%0%51!#$!T&]f!
(#)!&(g!-11=0foo?5/g5.Bo"'g"'"*okg=2?/;1.62<.53g(''+g'%g'"#g!
!
!

! "$"!
"!!!#C//%2%'#

C//%2%#;E#65')0%'#-5#6%67&%#'5(4&+%5&O#+//%&,.*+3/O#

637+0+'.*+3/J'N#(&+/)+(.0%J'N#

G20!A3AF2610!C56126<0!?;60!C2!1;^32;<!=.5O/266261!?20!;.1/C320![;?<C-;!V!('"+!21!Y;11;6!U>!
('""g!
!
!
12)$0#** (#/"** /+$&(#* 1.3&0&)+%&.(9)@*
6/&($&6+0#9)@*
R.;=2\2! Q;CC2005/.2! ""2!=;/.2! ;??<C12<.!T.A1.;C1/56]!21!
TW;/0C2;<!0<=A./2<.]!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
C.Ž6/26629!!!!!!! W/I;12<.!?2!3;!0C;=<3;!
Q62.W!?<!1.;=Z\2! ,#,&!!! C561.2!32!1-5.;I!

@.;6?!?5.0;3! 1-5.;C5!?5.0;3! ,*,$!!!!!!!! ;??<C12<.!21!.51;12<.!


TW;/0C2;<! FA?/;3!?<!^.;0o!;??<C12<.!
=501A./2<.]! T.A1.;C1/56]!21!;^;/002<.!
?2!3;!0C;=<3;!

>32O;12<.0!?2!3;! 0C;=<3;/.2!?5.0;3! ,)!!!!!!!!!!!!!!!!!! A3AO;12<.!?2!3;!0C;=<3;!


0C;=<3;! T.;C/62!,)]!
[-5F^5/?20!!! 0C;=<3;/.2!?5.0;3! ,)!!!!!!!!!!!!!!!!! ;??<C12<.!T.A1.;C1/56]!?2!
T.;C/62!,)]! 3;!0C;=<3;!
@.;6?!=2C15.;3! =2C15.;3!3;1A.;3! ,),*!!!!!!!!!!! ;??<C12<.9!W3AC-/002<.!21!
TW;/0C2;<!3;1A.;3]! .51;12<.!/612.62!?<!^.;0!!!!

421/1!=2C15.;3! =2C15.;3!FA?/;3! ,$R"!!!!!!!!!!!! ;??<C12<.!?<!^.;0!


TW;/0C2;<!
FA?/;3]!
E<^C3;O/2.! 0<^C3;O/2.! ,),*!!!!!!!!!!!! 3/F/1A2!
T1.56C!0<=A./2<.]!
826123A!;61A./2<.! 1-5.;C/e<2!356B! ,),+!!!!!!!!! ;^?<C12<.!T=.51.;C1/56]!?2!
T.;C/620! 3;!0C;=<3;!
,),*,+]!!
82315/?2! ;I/33;/.2! ,),*!! ;^?<C12<.!?<!^.;09!!!!!!!!!!!!!!
W3AC-/002<.o2I12602<.!?<!
^.;0!02356!320!C-2W0!

! "$(!
E<=.;A=/62<I! 0<=.;Q0C;=<3;/.2! ,),*!!!!!!!!!!!!!! ;^?<C12<.!21!W3AC-/002<.!
T1.56C!0<=A./2<.]! ?<!^.;0!
_6W.;A=/62<I! 0<=.;Q0C;=<3;/.2! ,),*!!!!!!!!!!!! .51;12<.!2I12.62!?<!^.;0!
T1.56C!0<=A./2<.]!
421/1!.56?! ;I/33;/.2! ,),*! .51;12<.!2I12.62!?<!^.;0!

@.;6?!.56?! 0<^0C;=<3;/.2! ,),*!!!!!!!!!!! 2I12602<.!?<!^.;0!


/6WA./2<.! TW;/0C2;<!
=501A./2<.]!
E<^0C;=<3;/.2! 0<^0C;=<3;/.2! ,),*!!!!!!!!!!! .51;12<.!/612.62!?<!^.;0!
0<=A./2<.!21! TW;/0C2;<!
/6WA./2<.!! =501A./2<.]!
D/C2=0!^.;C-/;3! F<0C<35C<1;6A! ,),+! W3AC-/002<.!?2!3d;O;61Q
^.;09!0<=/6;12<.!
,5.;C5^.;C-/;3! F<0C<35C<1;6A! ,),+!!!!!!!!!!!!!!!!!!!!W3AC-/002<.!21!;??<C12<.!
TW;/0C2;<!3;1A.;3]! ?<!^.;0!
D.;C-/;3! F<0C<35C<1;6A! ,),+! W3AC-/002<.!?2!3d;O;61Q^.;0!!!!

D.;C-/5Q.;?/;3! .;?/;3! ,),+! W3AC-/002<.!?2!3d;O;61Q^.;0!

R./C2=0!^.;C-/;3! .;?/;3! ,*,$! 2I12602<.!?2!3d;O;61Q^.;0!

[56?!=.56;12<.! FA?/;6! ,$R"! =.56;12<.!?2!3d;O;61Q^.;0!

J3AC-/002<.!.;?/;3! FA?/;6! ,*,+! W3AC-/002<.!?<!=5/B621!


?<!C;.=2!
G56B!=;3F;/.2! FA?/;6! ,*,+! 12602<.!?2!3d;=56AO.502!
=;3F;/.2!21!W3AC-/002<.!?2!
3;!F;/6!

J3AC-/002<.!<36;/.2! <36;/.2! ,$R"!!!!!!!!!!!!!!!!!! W3AC-/002<.!21!;??<C12<.!


?<!C;.=2! ?2!3;!F;/6!
E<=/6;12<.! .;?/;3! ,),*! 0<=/6;12<.!?2!3d;O;61Q^.;0!

,;..A!=.56;12<.! FA?/;6! ,$R"! =.56;12<.!?2!3d;O;61Q^.;0!!!

G56B!2I12602<.! .;?/;3! ,+,$! 2I12602<.!21!;^?<C12<.!?2!


.;?/;3!?<!C;.=2! 3;!F;/6!
>I12602<.!<36;/.2! .;?/;3! ,)R"! 2I12602<.!21!;??<C12<.!?2!
?<!C;.=2! 3;!F;/6!
!

! "$#!
"! !

(! C//%2%#?E#'5((3&*+/S#+/83&6.*+3/#.&*+)0%#;##

#! ER*>+30#*C*:/&)1+*$7#$V0&)%*

&! *

)! EW*>+30#*C*X2+0&%-*+))#))1#(%*."*%7#*+/%&$0#)*&($02,#,*&(*%7#*/#'&#8*

*! *

+! EY*>+30#C*K#)$/&6%&.(*."*%7#*6.620+%&.(*+(,*MFI*%#$7(&Z2#*&(*%7#*+/%&$0#)*&($02,#,*

$! Jf!W2F;329!7f!F;329!E8f!01;6?;.?!?2O/;1/569!L[f!651!.2=5.12?!

%! [Jf!.2C1<0!W2F5./09!X_f!O;01<0!/612.F2?/<09!XGf!O;01<0!3;12.;3/09!X7!f!O;10<0!F2?/;3/09!N<;!f!

"'! e<;?./C2=09!4/.!f!4/./W5.F/09!@37/!f!@3<12<0!7/6/F<09!@372!f!@3<12<0!72?/<09!@37;!f!@3<12<0!

""! 7;I/F<09!J,af!W32I5.!C;.=/!<36;./09!>,af!2I12605.!C;.=/!<36;./09!E0=/f!E<=.;0=/6;1<09!E0C;f!

"(! E<^0C;=<3;./09!_0=/sRF/6f!_6W.;0=/6;1<0!;6?!R2.20!F/65.9!>Ef!>.2C15.!E=/6;29!7f!F<31/W/?<09!

"#! [Uf!.2C1<0!;^?5F/6/09!40f!405;09!E;.f!E;.15./<09!@.;f!@.;C/3/09!U??7f!U??<C15.!7;B6<09!U??!

"&! Gf!U??<C15.!356B<09!DJGf!D/C2=0!J2F5./0!G56B!-2;?9!DJEf!D/C2=0!J2F5./0!E-5.1!-2;?9!ERf!

")! E2F/!R26?/650<09!E7f!E2F/!72F^.;650<09!@Gf!@;01.5C62F/<0!G;12.;3/09!@7f!@;01.5C62F/<0!

"*! 72?/;3/09! E5sJHGf! E532<0! ;6?! W32I5.! -;33<C/0! 356B<09! R4f! R/^/;3/0! 45012./5.9! J8Gf! W32I5.!

"+! ?/B/15.<F! 356B<09! 42.! GDRf! 42.562<0! TG56B<09! D.2O/09! R2.1/<0]9! RUs>8Gs>HGf! 1/^/;3/0!

"$! ;612./5.!;6?!2I12605.!?/B/15.<F!356B<0!;6?!2I12605.!-;33<C/0!356B<09!E5f!E532<09!REf!1./C2=0!

"%! 0<.;29! ! RDf! 1./C2=0! ^.;C-//9! RUf! R/^/;3/0! U612./5.9! XG7_f! X;01<0! G;12.;3/0! ;6?! 72?/<0! ;6?!

('! _612.F2?/<09!RJGf!12605.!J;0C/;!G;1;9!U??!DG7f!;??<C15.!T^.2O/09!356B<09!F;B6<0]9!_3f!_3/;C<0!

("! 9! P^3f! P^3/e<<0! T1.;60O2.0<0! ;^?5F/6/09! /612.6<0! ;6?! 2I12.6<0! 5^3/e<<0]9! NGf! N<;?.;1<0!

((! G<F^5.<F9! XG_f! X;01<0! G;12.;3/0! ;6?! _612.F2?/<0! 15B21-2.9! XG7_f! X;01<0! G;12.;3/0! ;6?!

(#! 72?/;3/0! ;6?! _612.F2?/<09! DJf! D/C2=0! J2F5./09! E7Rf! E2F/! 72F^.;650<0! ;6?! R26?/650/09!

(&! >E7!f! 2.2C15.! 0=/6;2! ;6?! F<31/W/?<09! 4Rf! =.56;15.! 12.209! >,[D!f! >I12605.! ,;.=/! [;?/;3/0!

()! D.2O/09!>4G!f!>I12605.!4533/C/0!G56B<09!D.!f!D.;C-/5.;?/;3/0!

! "$&!
(*! JPXf!J/23?!5W!X/2j9!L>Sf!L<F^2.!5W!>IC/1;1/5609!R[f![2=21/1/56!R/F29!R>f!R/F2!15!2C-5!

(+! *

($! E[*>+30#C*1#%/.0.H&$+0*6/.6#/%&#)*."*%#$7(&Z2#)**

(%! _,,f!/61.;C3;00!C5..23;1/56!C52WW/C/2619!F2;6!?/WWf!F2;6!?/WW2.26C29!E8f!01;6?;.?!?2O/;1/569!

#'! ,Xf!C52WW/C/261!5W!O;./;1/569!E88f!0F;33201!?212C1;^32!?/WW2.26C29![7E>f!.551!F2;6!0e<;.2!

#"! 2..5.9!E>>f!01;6?;.?!2..5.!5W!1-2!201/F;129!8E_f!8/C2!0/F/3;./1M!/6?2I9!F2;6!0<.W!8f!F2;6!

#(! 0<.W;C2!?/01;6C29!F;I!0<.W!8f!F;I/F;3!0<.W;C2!?/01;6C29!R,f!R;66/F515!C52WW/C/2619!JLXJf!

##! W;302!62B;1/O2!O53<F2!W.;C1/569!J4XJf!W;302!=50/1/O2!O53<F2!W.;C1/569!7XEJf!F<0C32!O53<F2!

#&! 0/F/3;./1M!W.;C1/56!

#)! [Jf!.2C1<0!W2F5./09!X_f!O;01<0!/612.F2?/<09!XGf!O;01<0!3;12.;3/09!X7!f!O;10<0!F2?/;3/09!N<;!f!

#*! e<;?./C2=09!4/.!f!4/./W5.F/09!@37/!f!@3<12<0!7/6/F<09!@372!f!@3<12<0!72?/<09!@37;!f!@3<12<0!

#+! 7;I/F<09!J,af!W32I5.!C;.=/!<36;./09!>,af!2I12605.!C;.=/!<36;./09!E0=/f!E<=.;0=/6;1<09!E0C;f!

#$! E<^0C;=<3;./09!_0=/sRF/6f!_6W.;0=/6;1<0!;6?!R2.20!F/65.9!>Ef!>.2C15.!E=/6;29!7f!F<31/W/?<09!

#%! [Uf!.2C1<0!;^?5F/6/09!40f!405;09!E;.f!E;.15./<09!@.;f!@.;C/3/09!U??7f!U??<C15.!7;B6<09!U??!

&'! Gf!U??<C15.!356B<09!DJGf!D/C2=0!J2F5./0!G56B!-2;?9!DJEf!D/C2=0!J2F5./0!E-5.1!-2;?9!ERf!

&"! E2F/!R26?/650<09!E7f!E2F/!72F^.;650<09!@Gf!@;01.5C62F/<0!G;12.;3/09!@7f!@;01.5C62F/<0!

&(! 72?/;3/09! E5sJHGf! E532<0! ;6?! W32I5.! -;33<C/0! 356B<09! R4f! R/^/;3/0! 45012./5.9! J8Gf! W32I5.!

&#! ?/B/15.<F! 356B<09! 42.! GDRf! 42.562<0! TG56B<09! D.2O/09! R2.1/<0]9! RUs>8Gs>HGf! 1/^/;3/0!

&&! ;612./5.!;6?!2I12605.!?/B/15.<F!356B<0!;6?!2I12605.!-;33<C/0!356B<09!E5f!E532<09!REf!1./C2=0!

&)! 0<.;29! ! RDf! 1./C2=0! ^.;C-//9! RUf! R/^/;3/0! U612./5.9! XG7_f! X;01<0! G;12.;3/0! ;6?! 72?/<0! ;6?!

&*! _612.F2?/<09!RJGf!12605.!J;0C/;!G;1;9!U??!DG7f!;??<C15.!T^.2O/09!356B<09!F;B6<0]9!_3f!_3/;C<0!

&+! 9! P^3f! P^3/e<<0! T1.;60O2.0<0! ;^?5F/6/09! /612.6<0! ;6?! 2I12.6<0! 5^3/e<<0]9! NGf! N<;?.;1<0!

&$! G<F^5.<F9! XG_f! X;01<0! G;12.;3/0! ;6?! _612.F2?/<0! 15B21-2.9! XG7_f! X;01<0! G;12.;3/0! ;6?!

&%! 72?/;3/0! ;6?! _612.F2?/<09! DJf! D/C2=0! J2F5./09! E7Rf! E2F/! 72F^.;650<0! ;6?! R26?/650/09!

)'! >E7!f! 2.2C15.! 0=/6;2! ;6?! F<31/W/?<09! 4Rf! =.56;15.! 12.209! >,[D!f! >I12605.! ,;.=/! [;?/;3/0!

)"! D.2O/09!>4G!f!>I12605.!4533/C/0!G56B<09!D.!f!D.;C-/5.;?/;3/0!

! "$)!
)(! *

)#! E\*>+30#C*1#%/.0.H&$+0*6/.6#/%&#)*."*%#$7(&Z2#)*

)&! !

))! ER*>#4%C*E#+/$7*E%/&(H*

)*! !

)+! *
)$! !

! "$*!
!"##$%&'()*'(+$%,-&'$(!
!.*/-012*3*4%'5,-*672681'5&*

2")&3$"4*
!"#$%&'($&)%#*! +* ,-"#./%0$*%$"1*!
&'*)56"*+*!
7879:*! !
"#$%&!! '! ()&*$#+,!$-&!.&/0.$!12!1!2,2$&31$#4!.&5#&67!3&$181*1%,2#27!0.!90$-:!! '!
;<!72;,7*! !
;$.<4$<.&)!2<331.,!! =! >.05#)&!1!2$.<4$<.&)!2<331.,!#*4%<)#*?7!12!1//%#419%&@!914A?.0<*)B!09C&4$#5&2B!)1$1!20<.4&2B!2$<),!&%#?#9#%#$,!4.#$&.#17! =!
/1.$#4#/1*$27!1*)!#*$&.5&*$#0*2B!2$<),!1//.1#21%!1*)!2,*$-&2#2!3&$-0)2B!.&2<%$2B!%#3#$1$#0*2B!40*4%<2#0*2!1*)!
#3/%#41$#0*2!0+!A&,!+#*)#*?2B!2,2$&31$#4!.&5#&6!.&?#2$.1$#0*!*<39&.:!!

8=72>?@,78>=*! !
D1$#0*1%&!! E! F&24.#9&!$-&!.1$#0*1%&!+0.!$-&!.&5#&6!#*!$-&!40*$&G$!0+!6-1$!#2!1%.&1),!A*06*:!! E!
H9C&4$#5&2!! I! >.05#)&!1*!&G/%#4#$!2$1$&3&*$!0+!J<&2$#0*2!9&#*?!1)).&22&)!6#$-!.&+&.&*4&!$0!/1.$#4#/1*$27!#*$&.5&*$#0*27!403/1.#20*27! I!
0<$403&27!1*)!2$<),!)&2#?*!K>(LH;M:!!
A:7B>?!*! !
>.0$040%!1*)!.&?#2$.1$#0*!! N! (*)#41$&!#+!1!.&5#&6!/.0$040%!&G#2$27!#+!1*)!6-&.&!#$!41*!9&!144&22&)!K&:?:7!O&9!1)).&22M7!1*)7!#+!151#%19%&7!/.05#)&! N!
.&?#2$.1$#0*!#*+0.31$#0*!#*4%<)#*?!.&?#2$.1$#0*!*<39&.:!!
P%#?#9#%#$,!4.#$&.#1!! Q! ;/&4#+,!2$<),!4-1.14$&.#2$#42!K&:?:7!>(LH;7!%&*?$-!0+!+0%%06%</M!1*)!.&/0.$!4-1.14$&.#2$#42!K&:?:7!,&1.2!40*2#)&.&)7! N!
%1*?<1?&7!/<9%#41$#0*!2$1$<2M!<2&)!12!4.#$&.#1!+0.!&%#?#9#%#$,7!?#5#*?!.1$#0*1%&:!!
(*+0.31$#0*!20<.4&2!! R! F&24.#9&!1%%!#*+0.31$#0*!20<.4&2!K&:?:7!)1$1912&2!6#$-!)1$&2!0+!405&.1?&7!40*$14$!6#$-!2$<),!1<$-0.2!$0!#)&*$#+,! N!
1))#$#0*1%!2$<)#&2M!#*!$-&!2&1.4-!1*)!)1$&!%12$!2&1.4-&):!!
;&1.4-!! S! >.&2&*$!+<%%!&%&4$.0*#4!2&1.4-!2$.1$&?,!+0.!1$!%&12$!0*&!)1$1912&7!#*4%<)#*?!1*,!%#3#$2!<2&)7!2<4-!$-1$!#$!40<%)!9&! N7!
.&/&1$&):!! 1//&*)#G!
=!
;$<),!2&%&4$#0*!! T! ;$1$&!$-&!/.04&22!+0.!2&%&4$#*?!2$<)#&2!K#:&:7!24.&&*#*?7!&%#?#9#%#$,7!#*4%<)&)!#*!2,2$&31$#4!.&5#&67!1*)7!#+!1//%#419%&7! N8Q!
#*4%<)&)!#*!$-&!3&$1%1*1%,2#2M:!!
F1$1!40%%&4$#0*!/.04&22!! 'U! F&24.#9&!3&$-0)!0+!)1$1!&G$.14$#0*!+.03!.&/0.$2!K&:?:7!/#%0$&)!+0.327!#*)&/&*)&*$%,7!#*!)</%#41$&M!1*)!1*,!/.04&22&2! Q8R!
+0.!09$1#*#*?!1*)!40*+#.3#*?!)1$1!+.03!#*5&2$#?1$0.2:!!
F1$1!#$&32!! ''! V#2$!1*)!)&+#*&!1%%!51.#19%&2!+0.!6-#4-!)1$1!6&.&!20<?-$!K&:?:7!>(LH;7!+<*)#*?!20<.4&2M!1*)!1*,!122<3/$#0*2!1*)! Q8R!
2#3/%#+#41$#0*2!31)&:!!

! "#$!
D#2A!0+!9#12!#*!#*)#5#)<1%! '=! F&24.#9&!3&$-0)2!<2&)!+0.!122&22#*?!.#2A!0+!9#12!0+!#*)#5#)<1%!2$<)#&2!K#*4%<)#*?!2/&4#+#41$#0*!0+!6-&$-&.!$-#2!612! Q!
2$<)#&2!! )0*&!1$!$-&!2$<),!0.!0<$403&!%&5&%M7!1*)!-06!$-#2!#*+0.31$#0*!#2!$0!9&!<2&)!#*!1*,!)1$1!2,*$-&2#2:!!
;<331.,!3&12<.&2!! 'E! ;$1$&!$-&!/.#*4#/1%!2<331.,!3&12<.&2!K&:?:7!.#2A!.1$#07!)#++&.&*4&!#*!3&1*2M:!! WX!K*0!
3&$1!
1*1%,2#2M!
;,*$-&2#2!0+!.&2<%$2!! 'I! F&24.#9&!$-&!3&$-0)2!0+!-1*)%#*?!)1$1!1*)!4039#*#*?!.&2<%$2!0+!2$<)#&27!#+!)0*&7!#*4%<)#*?!3&12<.&2!0+!40*2#2$&*4,! WX!K*0!
K&:?:7!(=M!+0.!&14-!3&$1%1*1%,2#2:!! 3&$1!
1*1%,2#2M!
!

2")&3$"4*
!"#$%&'($&)%#*! +! ,-"#./%0$*%$"1*!
&'*)56"*+*!
D#2A!0+!9#12!14.022!2$<)#&2!! 'N! ;/&4#+,!1*,!122&223&*$!0+!.#2A!0+!9#12!$-1$!31,!1++&4$!$-&!4<3<%1$#5&!&5#)&*4&!K&:?:7!/<9%#41$#0*!9#127!2&%&4$#5&! WX!K*0!
.&/0.$#*?!6#$-#*!2$<)#&2M:!! 3&$1!
1*1%,2#2M!
X))#$#0*1%!1*1%,2&2!! 'Q! F&24.#9&!3&$-0)2!0+!1))#$#0*1%!1*1%,2&2!K&:?:7!2&*2#$#5#$,!0.!2<9?.0</!1*1%,2&27!3&$18.&?.&22#0*M7!#+!)0*&7! WX!K*0!
#*)#41$#*?!6-#4-!6&.&!/.&%2/&4#+#&):!! 3&$1!
1*1%,2#2M!
2:!@97!*! !
;$<),!2&%&4$#0*!! 'R! Y#5&!*<39&.2!0+!2$<)#&2!24.&&*&)7!122&22&)!+0.!&%#?#9#%#$,7!1*)!#*4%<)&)!#*!$-&!.&5#&67!6#$-!.&120*2!+0.!&G4%<2#0*2! 'R7!+#?!'!
1$!&14-!2$1?&7!#)&1%%,!6#$-!1!+%06!)#1?.13:!!
;$<),!4-1.14$&.#2$#42!! 'S! Z0.!&14-!2$<),7!/.&2&*$!4-1.14$&.#2$#42!+0.!6-#4-!)1$1!6&.&!&G$.14$&)!K&:?:7!2$<),!2#[&7!>(LH;7!+0%%068</!/&.#0)M! 'R7!'S7!
1*)!/.05#)&!$-&!4#$1$#0*2:!! $19%&!'!1*)!
1//&*)#G!I!
D#2A!0+!9#12!6#$-#*!2$<)#&2!! 'T! >.&2&*$!)1$1!0*!.#2A!0+!9#12!0+!&14-!2$<),!1*)7!#+!151#%19%&7!1*,!0<$403&!%&5&%!122&223&*$!K2&&!#$&3!'=M:!! 'R7!
1//&*)#G!E!
D&2<%$2!0+!#*)#5#)<1%!2$<)#&2!! =U! Z0.!1%%!0<$403&2!40*2#)&.&)!K9&*&+#$2!0.!-1.32M7!/.&2&*$7!+0.!&14-!2$<),@!K1M!2#3/%&!2<331.,!)1$1!+0.!&14-! 'S7!EE8EN7!
#*$&.5&*$#0*!?.0</!K9M!&++&4$!&2$#31$&2!1*)!40*+#)&*4&!#*$&.51%27!#)&1%%,!6#$-!1!+0.&2$!/%0$:!! IU8I=7!
$19%&2!'7!=!
1*)!
1//&*)#G!N!

! "##!
;,*$-&2#2!0+!.&2<%$2!! ='! >.&2&*$!.&2<%$2!0+!&14-!3&$181*1%,2#2!)0*&7!#*4%<)#*?!40*+#)&*4&!#*$&.51%2!1*)!3&12<.&2!0+!40*2#2$&*4,:!! WX!K*0!
3&$1!
1*1%,2#2M!
D#2A!0+!9#12!14.022!2$<)#&2!! ==! >.&2&*$!.&2<%$2!0+!1*,!122&223&*$!0+!.#2A!0+!9#12!14.022!2$<)#&2!K2&&!($&3!'NM:!! WX!K*0!
3&$1!
1*1%,2#2M!
X))#$#0*1%!1*1%,2#2!! =E! Y#5&!.&2<%$2!0+!1))#$#0*1%!1*1%,2&27!#+!)0*&!K&:?:7!2&*2#$#5#$,!0.!2<9?.0</!1*1%,2&27!3&$18.&?.&22#0*!\2&&!($&3!'Q]M:!! WX!K*0!
3&$1!
1*1%,2#2M!
?8!,@!!8>=*! !
;<331.,!0+!&5#)&*4&!! =I! ;<331.#[&!$-&!31#*!+#*)#*?2!#*4%<)#*?!$-&!2$.&*?$-!0+!&5#)&*4&!+0.!&14-!31#*!0<$403&B!40*2#)&.!$-&#.!.&%&51*4&!$0! EQ!
A&,!?.0</2!K&:?:7!-&1%$-41.&!/.05#)&.27!<2&.27!1*)!/0%#4,!31A&.2M:!!
V#3#$1$#0*2!! =N! F#24<22!%#3#$1$#0*2!1$!2$<),!1*)!0<$403&!%&5&%!K&:?:7!.#2A!0+!9#12M7!1*)!1$!.&5#&68%&5&%!K&:?:7!#*403/%&$&!.&$.#&51%!0+! I=!
#)&*$#+#&)!.&2&1.4-7!.&/0.$#*?!9#12M:!!
L0*4%<2#0*2!! =Q! >.05#)&!1!?&*&.1%!#*$&./.&$1$#0*!0+!$-&!.&2<%$2!#*!$-&!40*$&G$!0+!0$-&.!&5#)&*4&7!1*)!#3/%#41$#0*2!+0.!+<$<.&!.&2&1.4-:!! EQ8IU!
C@=?8=D*! !
Z<*)#*?!! =R! F&24.#9&!20<.4&2!0+!+<*)#*?!+0.!$-&!2,2$&31$#4!.&5#&6!1*)!0$-&.!2<//0.$!K&:?:7!2<//%,!0+!)1$1MB!.0%&!0+!+<*)&.2!+0.! F&4%1.1$#0*!
$-&!2,2$&31$#4!.&5#&6:!! 0+!#*$&.&2$!
!

! "#&!
*

!9*/-0123*:"-1'&;*-55255,2(&*$+*&72*-%&'6125*'(61"<2<*'(*&72*%2='2>*

:"25&'$(5* .* 9* ?* @* A* B* C* D* E* .F* ..* .9* .?* .@* .A* 5"0&$&-1G* .B* .C* .D* .E* 9F* 9.* 5"0&$&-1* &$&-1*
56$%2H?F* 56$%2* 56$%2I*:*
H..* 56$%2H.FF*
J10%-67&* (! '! "! (! (! 9* (! (! '! (! '! (! (! '! "! ('! "! (! (! '! '! '! )! *"!
9FFD*
J,-0'12* (! (! (! (! "! "! (! (! '! "! '! (! (! (! (! (+! '! (! "! '! '! '! +! *+!
9F.B*
J(<%2>* (! '! '! "! "! "! (! (! (! '! '! "! (! (! (! "#! '! (! "! '! '! '! +! )"!
9F.A*
K-%($"'(* (! (! "! (! (! (! (! (! '! (! '! (! (! (! (! ()! (! '! '! (! '! "! )! $+!
9F.@*
K-%($"'(* (! (! (! (! (! (! (! "! '! (! '! (! (! '! (! (+! (! (! (! '! '! '! *! $"!
9F.A*
K21-=;*9F..* "! (! (! ',)! (! (! (! (! '! (! '! "! (! (! (! ((! (! (! "! '! '! '! )! **!
L11'$&&*.EEC* "! '! '! "! '! "! (! (! "! '! '! "! (! "! "! "+! '! '! '! "! '! '! "! +-!
L()*9FFC* "! ./! "! ',)! (! (! (! (! '! "! '! "! (! "! (! "$! (! (! (! "! '! '! $! *(!
L()5&%$,* (! '! '! ",)! (! (! "! (! "! (! '! "! (! '! (! "$! '! (! "! '! '! '! +! -&!
9F..*
M$1'=2&*9F.@* "! '! '! ",)!! (! (! "! (! '! "! '! "! (! (! "! ")! '! (! (! '! '! '! -! -*!
N',*9F.C* (! '! '! '! (! "! '! (! "! (! '! "! (! (! (! "$! '! (! "! '! '! '! +! -&!
O27&'(2(* (! ./! '! "0)! (! (! (! "! "! (! '! (! "! "! (! "&0)! (! (! "! "! "! '! $! *#!
9FF?*
O2*&%$&2%* (! (! '! (! (! "! (! (! "! "! '! "! (! (! (! ((! (! (! (! '! (! '! #! $+!
9F.B*
O"(<*9FF9* (! (! (! ",)! (! (! "! "! '! (! '! (! (! '! (! ('! (! (! (! (! (! '! "'! $+!
P-%6$(* "! (! (! "0)! (! (! (! "! "! (! '! (! (! (! (! (-0)! "! "! "! '! (! '! )! $(!
9F.A*
P2%5,-((* (! (! "! (! (! (! (! (! '! (! '! (! (! '! (! (+! "! (! (! '! '! '! )! *#!
9F.A*
P2%5,-((* (! (! '! ",)! (! (! (! (! '! (! '! (! (! '! (! ('! (! (! (! '! '! '! *! *+!
9F.@*
P$-1*9F.@* "! '! "! (! (! "! (! (! "! (! '! (! "! '! (! "&! '! (! "! (! (! '! $! *+!
P$%52*9FFC* "! (! "! (! "! (! (! "! '! (! '! "! "! (! "! "&! (! (! (! '! '! '! *! *"!
Q$%<2R* "! (! "! (! (! "! "! "! '! (! '! (! (! '! (! "&! (! (! (! (! (! '! "'! $"!
9FFE**
4$#-<'6* (! (! "! (! "! "! (! (! '! (! (! (! (! (! "! (-! (! (! (! '! '! '! *! $+!
9F..*
!8$%"#58-* (! (! (! ",)! (! (! (! (! (! (! '! (! (! "! "! (-! '! '! '! "! '! "! (! *+!
9F.B*

! "&'!
!,2"1<2%5* "! (! "! ",)! (! "! (! (! '! (! '! (! (! (! (! ("! (! '! '! (! (! '! *! **!
9F.F*
!#%'()2%* "! (! "! (! (! "! (! "! '! (! '! "! (! '! (! "&! (! '! '! (! (! '! *! *"!
9F.9*
!"<7$++* (! (! (! "! (! "! (! "! '! "! '! (! (! (! (! ((! '! (! (! (! '! '! *! *#!
9FFE*
/'()-%&* "! ./! "! "! (! "! (! (! '! (! '! "! "! '! (! "*! (! (! (! (! (! '! "'! *+!
9FF?*
/%-6;*9FF?* "! (! '! (! (! (! (! (! '! (! '! (! (! "! (! ((! "! (! (! '! '! "! *! *#!
S-12(&'(* "! (! (! (! (! "! "! (! (! (! '! (! (! (! "! (-! (! '! '! (! '! "! )! $"!
9F.A*
S-(,26721(* "! (! (! "0)! (! (! (! (! '! "! '! (! (! (! (! (+0)! (! (! (! '! '! '! *! $(!
9F.C*
T-,-"67'* (! (! (! (! "! (! (! (! "! (! (! (! (! '! (! (*! (! (! (! '! '! '! *! $#!
9F.C*

! "&"!
!?*/-0123*U256%'#&'$(*$+*&72*#$#"1-&'$(*-(<*PVW*&267('X"2*'(*&72*-%&'6125*'(61"<2<*
*
!! !-,#12* P"56125* PVW*
2=-1"-&2<**
** Q*$+*5"0Y26&5* &;#2* -)25*Z;2-%5\* 5255'$(* !&%2()&7*-(<* 52X"2(62*&;#2* 52X"2(62*
Z[G*P\* 56-((2%G*6$'1*** #-%-,2&2%5*
J10%-67&*9FFD* "+!1"+23! 4567849! (&!1:;<!*3! =20!=>0!:?! "!2@A! ',(B!CD6E85!!!!!!! +;!B"! /V<!+#!MD!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
]A9^* FEG7!<!.@! H5GI485J! /L<!"*!MD!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
IK6JG5L8!5F4E!!!! [_S<!")&N")&!
MM!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
+1'#*-()12<!.@!!!!!!!!!!!!!!!!!!!
QL`<!.@!!!!!!!!!!!!!!!!!!!!!!!!!!!
51'62*
$%'2(&-&'$(<!
6OG67!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
51'62*&7'68(255<!
(MM!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
51'62*)-#<!'!MM!!!!!!!!!!!!!
%25$1"&'$(<!
PGO57!DP6FGLI!
',*()N',*()MM!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
** !! !! !! !! !! !! !! !!
J,-0'12*9F.B* (+!1"(Q0!""23! 4567849! "&,+!1:;<!',#3!!! R>0!C:0!=7260! "!2@A! ",)B!=C0!!!!!!!!!!!!!!!!!!!!!!!!!!!!
B"0!8VKZE!DPGL! /V<!-($MD!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
]A?^* =7250!=72G0! FEG7![!.@! 5F4E! /L<!"",+MD!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
/JJ?S0!T>A0!T20! [_S<!"*!O!"*!O!
BQ>0!@Q0!=K60!:6K0! "&,*FM!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
UQ:0!U>Q0!:20! +1'#*-()12<!"*'\!!!!!!!!!!!!!!!!!!!
:B0!!IKEVP5J!GL! QL`<!.@!!!!!!!!!!!!!!!!!!!!!!!!!!!
DPGL5! 51'62*
5O85LDEKDWX75OEKD0! $%'2(&-&'$(<!
4GP! 6OG67!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
5O85LDEKDWX75OEKD0! 51'62*&7'68(255<!
YL55! )MM!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
5O85LDEKDWX75OEKD0! 51'62*)-#<!'!MM!!!!!!!!!!!
ZE84!DGJ5D! %25$1"&'$(<!
PGO57!<!
',#(N',#(!MM!!!!!
** !! !! !! !! !! !! !! !!

! "&(!
J(<%2>5*9F.A* %! P68G5L8D!HG84! ^!)'! =K60!:6K0!UQ>0! "!2@A! ",)B!=C0!!!!!!!!!!!!!!!!!!!!!!!
B"!H5GI485J0! /V<!*)'MD!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
]BA^* MEJ5K685!8E! @Q0!:B0!UQ:0!:20! FEG7!<!.@!! X6D8!DPGL!5F4E! /L<!#MD!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
D5]5K5!F4KELGF! TA0!T20!/JJ0!T>0!! [_S<!-'FM+!!!!!!!!!!!!!!!!!!!!!!
EZD8KVF8G]5! 75X8!DGJ5! +1'#*-()12<!.@!!!!!!!!!!!!!!!!!!!
PV7MEL6K9! QL`<!.@!!!!!!!!!!!!!!!!!!!!!!!!!!!
JGD56D5!!!!!!!!!!!!!!!!!!!!!!!!!!!!! 51'62*
$%'2(&-&'$(<!
6OG67!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
51'62*&7'68(255<!
)MM!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
51'62*)-#<!'!MM!!!!!!!!!!!!!!!!!!!!!!!!!!
%25$1"&'$(<!
PGO57!<!
',$#N',$#!MM!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

** !! !! !! !! !! !! !! !!
K-%($"'(*9F.@* ('!1""Q0!&23! 4567849! -&,$! @Q0!TA0!T>0!T20! "!2@A! +B!:G5M5LD0!!!!!!!!!+;!+%PEGL8! /V<!"'MD5F!!!!!!!!!!!!!!!!!!!!!
]@B^* RV60!ZE84!DGJ5D!! _V6JK68VK5! ;GOEL!IK6JG5L8! /L<!
ZGKJF6I5!ZEJ9! 5F4E! (,$)W+,&)W),")!
FEG70!D58D!EX! MD5F!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
P46D5J%6KK69! [_S<!
K5F5G]5K!FEG7D! --#N((-N+('!
MM!**********************************
+1'#*-()12<!+\!!!!!!!!!!!!!!!!!!!
QL`<!"!!!!!!!!!!!!!!!!!!!!!!!!!!!
51'62*
$%'2(&-&'$(3*
6OG67!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
51'62*&7'68(2553*
)MM!!!!!!!!!!!!!!!!!!!!!!
51'62*)-#<!+;!!!!!!!!!!!!
%25$1"&'$(3*
M68KGO!--#N((-!
N*-!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

** !! !! !! !! !! !! !! **

! "&+!
K-%($"'(*9F.A* ('!1&Q0!""23! 4567849! -&0$! @Q0!TA0!T>0!T20! "!2@A! +B!:G5M5LD0!!!!!!!!!!!!
B"!H5GI485J0! /V<!"'!MD!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
]@C^* ZE84!DGJ5D! FEG7!<!.@! +;!+%PEGL8! /L<!(,$)W+,&)!
JGOEL!D5_V5LF5! 845L!(,$)W),")!
MD!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
[_S<!
--#`((-`+('!
MM!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
+1'#*-()12<!.@!!!!!!!!!!!!!!!!!!!
QL`<!"!!!!!!!!!!!!!!!!!!!!!!!!!!
51'62*
$%'2(&-&'$(<!
6OG67!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
51'62*&7'68(255<!
)MM!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
51'62*)-#<!'MM!!!!
%25$1"&'$(3!
M68KGO<!
--#`((-`*-!!!!!!!!!!!!!!!

** !! !! !! !! !! !! !! **

! "&-!
K21-=;*9F..* ('!1('23! .@! .@! @Q0!T20!T>0!TA0! "D8!2@A!845! ",)B!:G5M5LD0! SKE8EL!J5LDG89! "#$%#&!'(!
]AA^* :6K0!=K60/JJ!20! J69!EX!Z5J!K5D80! FEG7!<!.@! 8VKZE!DPGL!5F4E! $)*%+,!!!!!****************************
/JJ!>0!UQ>0! 845L!68!(!H55Y! /V<!*'''MD5F!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
UQ:0:B0!:20!=>0! GL85K]67D!1J69! /L<!")MD5F!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
=20!:EaQb>0!BS0! "-0!J69!(#0!J69! [_S<!
Q;>0!S5K!>UB0! -(!6LJ!J69!)*3! -#'N-#'MM!!!!!!!!!!!!!!!!!!!!!!
B/!aC;>!a!Cb>0! 84KEVI4!8E!845! +1'#*-()12<!"#'\!!!!!!!!!!!!!!!!!!!
75X8!DGJ5! 5LJ!EX!845!Z5J% QL`<!.@!!!!!!!!!!!!!!!!!!!!!!!!!!!
K5D8!P5KGEJ! 51'62*
$%'2(&-&'$(<!
6OG67!!!!!!!!!!!!!!!!!!!!!!!!!!
51'62*&7'68(255<!
"'MM!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
51'62*)-#<!)MM!!!!!!!!!!!!!!!
%25$1"&'$(<!
M68KGO!<!
)"(N)"(!!!!!!!!!!!!!!!!!!!!!!!!
-./+0!-+%&!'1!
$)*%+,!!!!!!!!!!!!!!!!!!!!!
/V<!-#''MD5F!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
/L<!")MD5F!!****************************************
[_S<!
+-'N+-'MM!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
+1'#*-()12<!"#'\!!!!!!!!!!!!!!!!!!
QL`<!.@!!!!!!!!!!!!!!!!!!!!!!!!!!
51'62*
$%'2(&-&'$(<!
6OG67!!!!!!!!!!!!!!!!!!!!!!!!!
51'62*&7'68(255<!
"'MM!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
51'62*)-#<!)MM!!!!!!!!!!!!!!!
%25$1"&'$(<!
M68KGO!<!
)"(N)"(!!

** !! !! !! !! !! !! !! !!

! "&)!
L11'$&*.EEC* +!1.@3! .@! "&%)'! =20!=>0!:E! "!2@A! ",)B!=C0!!!!!!!!!!!!!!!!
B"!H5GI485J0! /V<!"''MD!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
]BB^* ZGKJF6I5! +;!X6D8! /L<!"'MD!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
5O8K5MG89!FEG7!! IK6JG5L8!5F4E!!!! [_S<!"*!O!"*!O!
"&,*FM!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
+1'#*-()12<!+'\!!!!!!!!!!!!!!!!!!!
QL`<!.@!!!!!!!!!!!!!!!!!!!!!!!!!!!
51'62*
$%'2(&-&'$(<!+;!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
51'62*&7'68(255<!
+;!!!!!!!!!51'62*
)-#<!+;!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
%25$1"&'$(<!
]EO57!DGc5<!(,$+!
MM!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

** ** ** ** ** ** ** ** **
L()*9FFC*]A@^* "$!1.@3! F6J6]5KD! !#(!1:;<!#3!! SB!1"'8GM5D!30! "!2@A!! +B!=C0!!!!!!!!!!!!!!!!!!B"!H5GI485J0! /V<!&,(MD5F!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Cd@U!1"'!8GM5D30! FEG7!<!.@! +;!X6D8!DPEG75J! /L<!+,&MD5F!!!!!!!!!!!!
CS>!1"'!8GM5D30! IK6JG5L8! [_S<+)!`!+)!
Qde!1$!8GM5D30! K5F6775J!5F4E! FM!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
U@!1*!8GM5D3!! PV7D5!D5_V5LF5!! +1'#*-()12<!+'\!!!!!!!!!!!!!!!!!!!
QL`<!"!!!!!!!!!!!!!!!!!!!!!!!!!!!
51'62*
$%'2(&-&'$(<!
D6IG8867!!!!!!!!!!!!!!!!!!!!!!!!!!!!
51'62*&7'68(255<!
",'MM!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
51'62*)-#<!.@!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
%25$1"&'$(<!
]EO57!
JGM5LDGEL<!"!
MM+!!!!!!!!!!!*
** !! !! !! !! !! !! !! !!

! "&*!
L()5&%$,* ('!1('23! 4567849!1FKGFY58! !"#g+)!9! R>0!SD0!C:20! "!2@A! ",)B!:G5M5LD0!!!!!!!!!!!!
B"0!8VKZE!DPGL! /V<!*)'MD!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
9F..*]BC^* X6D8!ZEH75KD0! ZE84!DGJ5D! P46D5J%6KK69! 5F4E! /L<!")MD!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
684758GF!FEL8KE7! DPGL67!FEG7! [_S<!()'!MM!!!!!!!!!!!!!!!!!!!!!!!!!
DVZf5F8D3! +1'#*-()12<!.@!!!!!!!!!!!!!!!!!!!
QL`<!(!!!!!!!!!!!!!!!!!!!!!!!!
51'62*
$%'2(&-&'$(<!
6OG67!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
51'62*&7'68(255<!
$MM!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
51'62*)-#<!'!MM!!!!!!!!!!!!!!!!!!!!!!!!
%25$1"&'$(<!
PGO57!<!
',&#N',&#!MM!!!!!!!!!!!!!!!

** !! !! !! !! !! !! !! !!
M$1'=2&*9F.@* -!1.@3! .@! (#!1:;<!(,$3!! @Q0!T>2A0!:6K0! "!2@A! ",)B!S4G7GPD0!!!!!!!!!!!!
B"!DPGL!5F4E!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
/V<!*#'MD!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
]BD^* BQ>0!UQ:0!UQ>0! R!ZEJ9!FEG7!! /L<!)'MD!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
:B0!:B0!=K6! [_S<!.@!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
+1'#*-()12<!.@!!!!!!!!!!!!!!!!!!!
QL`<!.@!!!!!!!!!!!!!!!!!!!!!!!!!!!
51'62*
$%'2(&-&'$(<!
6OG67!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
51'62*&7'68(255<!
"'!MM!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
51'62*)-#<!.@!!!!!!!!!!!!!!!!!!!!!!
%25$1"&'$(<!
',$#N',$#!MM!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

** !! !! !! !! !! !! !! !!

! "&$!
N',*9F.C*]9E^* )!1%h%3! .@! .@! :DPG! "!2@A! +B0!!!!!!!!!!!!!!!!!!!!!!!!!!!
+;! /V<!.@!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
FEG7!<!.@! /L<!.@!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
[_S<!.@!!!!!!!!!!!!!!!!!!!!!!!!!
+1'#*-()12<!.@!!!!!!!!!!!!!!!!!!!
QL`<!.@!!!!!!!!!!!!!!!!!!!!!!!!!!!
51'62*
$%'2(&-&'$(<!
D6IG8867!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
51'62*&7'68(255<!
',$MM!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
51'62*)-#<!+;!!!!!!!
%25$1"&'$(<!
PGO57!<!
',*+N',*+MM!!!!!!!!!!!!!!!!!!!!!!

** !! !! !! !! !! !! !! !!
O27&'(2(*9FF?* "'!1*Q0!-23! F6J6]5KD! $*!1*$%#(3! :DPG0:DF60! "!2@A! !",)B!=C0!!!!!!!!!!!!!!!
B"!H5GI485J! /V<!"''!MD!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
]AB^* ADPGaBMGL! D4EV7J5K!FEG7! IK6JG5L8!5F4E! /L<!MGLGMVM!!!!!!!!!!!!!!!!!!!!!!!!!!!!
[_S<!(*'N(*'!
MM!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
+1'#*-()12<!.@!!!!!!!!!!!!!!!!!!!
QL`<!"!!!!!!!!!!!!!!!!!!!!!
51'62*
$%'2(&-&'$(<!
FEKEL67!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
51'62*&7'68(255<!
)MM!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
51'62*)-#<!)MM!!!!!
%25$1"&'$(3!
M68KGO<!
()*N"(#!!!!!!!!!!!!!!

** !! !! !! !! !! !! !! !!

! "&#!
O2*/%$&2%* $!1$23! 4567849! +(!1:;<!$3! @Q0!TA0!T20!T>0! (!2@A!D5DDGELD! ",)B!:G5M5LD0!!!!!!!!
B"%H5GI485J0! /V<!)-&!MD!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
9F.B*]@D^* RV60!KGI48!DGJ5! K5P5685J!8HGF5! X75OGZ75!DVKX6F5! IK6JG5L8!5F4E! /L<!"+!MD!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
*%F46LL57!ZEJ9! [_S<!(('N(('!
FEG7! MM(!!!!!!!!!!!!!!!!!!!!!!!!!!!
+1'#*-()12<!.@0!!!!!!!!!!!!!!!!!!!
QL`<!.@0!!!!!!!!!!!!!!!!!!!!!!!!!!!
51'62*
$%'2(&-&'$(<!
6OG670!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
51'62*&7'68(255<!
*MM0!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
51'62*)-#<!*MM0!
%25$1"&'$(<!
M68KGO!)$*!`!
)$*!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
** !! !! !! !! !! !! !! **
O"(<*9FF9* ""!1-Q0!$!23! 4567849! (-g-'! B/aC;>aCb>0! "!2@A! ",)B!S4G7GPD0!!!!!!!!!!B(!H5GI485J! /V<!)*!MD!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
]@E^* 75X8!DGJ5! YL55!FEG7! X6D8%XG57J!5F4E! /L<!"-!MD!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
X68%D68VK685J! [_S<"#'!N"#'!
1DP5F8K67! MM!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
GL]5KDGEL! +1'#*-()12<")\!!!!!!!!!!!!!!!!!!!
K5FE]5K90! QL`<!.@!!!!!!!!!!!!!!!!!!!!
:SA@3! 51'62*
$%'2(&-&'$(<!
6OG67!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
51'62*&7'68(255<!
",)!MM!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
51'62*)-#3*'MM!!!!!!!!!!!!!!!!!!!!!!!!
%25$1"&'$(3*
M68KGO<!
()*N()*!*!!!!*

** !! !! !! !! !! !! !! !!

! "&&!
P-%6$(*9F.A* +-!1"(Q0!((23! P5KDELD!HG84! Q<!+",+!1:;<! RV6! "!2@A! !",)B!=C0!!!!!!!!!!!!!!!
B"!H5GI485J0! /V<!!*,"-!MD!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
]E^* /d>! #,#3!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! FEG7!<!.@! +;!DPEG75J! /L<!(,"W-,(!MD!!!!!!!!!!!!!!!!!!!!!!!!!!!!
K5FELD8KVF8GELD! 2<!+',&!1:;<! JV67!IK6JG5L8% [_S<!.@!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
*,)3! 5F4E!H685K! +1'#*-()12<!)\!!!!!!!!!!!!!!!!!!!
DGIL67!EL79! QL`<!(!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
51'62*
$%'2(&-&'$(<!
6OG67!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
51'62*&7'68(255<!
*MM!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
51'62*)-#<!+;!!!!!!!!!!!!!!!!!!!!
%25$1"&'$(3!
M68KGO<!
+('N((-!!!!!!!!!!!!*

** !! !! !! !! !! !! !! !!
P2%5,-((* ("!1.@3! 4567849!! ()!1:;<!#3! =20!=>0!:?0!B:0! "!2@A! ",)!B!:G5M5LD0!!!!!!!!
B"0!IK6JG5L8! /V<!+,""!MD!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
9F.@*]AC^* KGI48!DGJ5! FEG7!<!.@! 5F4E! /L<!","#!MD!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
[_S<!(--N--&!
MM!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
+1'#*-()12<!.@!!!!!!!!!!!!!!!!!!!
QL`<!.@!!!!!!!!!!!!!!!!!
51'62*
$%'2(&-&'$(<!
6OG67!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
51'62*&7'68(255<!
",#MM!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
51'62*)-#<!'MM!
%25$1"&'$(<!.@*

** !! !! !! !! !! !! !! !!

! (''!
P2%5,-((* +$!1('Q0!"$23! 4567849!! i<!+"!1:;<! T>0!T20!TA0!EL5! "!2@A! ",)B!:G5M5LD0!!!!!!!!!!!
B"!H5GI485J0! /V<!*-"!MD!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
9F.A*]AD^* "$3!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
DGJ5! FEG7!<!.@! 8VKZE!DPGL!5F4E!! /L<!""!MD!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
2<!+(!1:;<! [_S<!(+'N-('!
"*3! MM!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
+1'#*-()12<!.@!!!!!!!!!!!!!!!!!!!
QL`<!.@!!!!!!!!!!!!!!!!!!!!!!!!!!!
51'62*
$%'2(&-&'$(<!
6OG67!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
51'62*&7'68(255<!
-MM!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
51'62*)-#<!
',#MM!!!!!!!!!!!
%25$1"&'$(<!.@!!!!!!!!!!!!!!!!!!!!!!

** !! !! !! !! !! !! !! !!

! ('"!
P$-1*9F.@* (!1(Q3! 4567849! +)0!+#!! /JJ!U>20!UQ0! "!2@A0!(! +B!:G5M5LD0!!!!!!!!!!!!
B"H5GI485J! 23/+$%#"+4!
]AE^* C:0!=7260!=7250! D5_V5LF5D! (-%F46LL57! 8VKZE!DPGL! 256!**************************
=72G0!=K60!A70!?Z70! DPGL5!M68KGO! 5F4E0!B"! /V<!"(('!MD!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
SD0!R>0!@/0!@Q0! FEG7!6LJ!84K55! H5GI485J!8VKZE! /L<!""!MD!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
:6K0!:2B0!BQ>0! -%F46LL57!X75O! DPGL!5F4E!XEK! [_S<!.@!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
T>A0!T2!! FEG7D!! 845!+!PEGL8! +1'#*-()12<!")'\!!!!!!!!!!!!!!!!!!!
;GOEL!M584EJ!!! QL`<!.@!!!!!!!!!!!!
51'62*
$%'2(&-&'$(<!
6OG67!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
51'62*&7'68(255<!
)MM!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
51'62*)-#<!)MM!!!!!!!!!!!!!!!!!!!!!!
%25$1"&'$(<!
',&#N',&#MM0!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
23!/+$%#"+4!
256!7.0!"#+!'!
8.$9"!:$;.9!
)+"#.4!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
/V<!#(&!MD!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
/L<!"),$!MD!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
[_S<!.@!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
+1'#*-()12<!")'\!!!!!!!!!!!!!!!!!!!
QL`<!.@!!!!!!!!!!!!!!!!!!!!!!!!!!
51'62*
$%'2(&-&'$(<!
6OG67!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
51'62*&7'68(255<!
)MM!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
51'62*)-#<!)MM!!!!!!!!!!!!!!!!!!!!!!!
%25$1"&'$(<!!
PGO57!<!
',&#N',&#MM!!!!!!!!!!!!

** !! !! !! !! !! !! !! !!

! ('(!
P$%52*9FFC** "#!1"#23! 4567849! (+,&!1:;<!+,-3!! RV60!T>0!T20!TA0! "!2@A! ',(B!CD6E85!!!!!!!!! B"!H5GI485J0! /V<!"''!MD!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
]BF^** @Q0!KGI48!DGJ5! FEG7!<!.@! IK6JG5L8!5F4E!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
/L<!"*!MD!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
[_S<!++'N()-!
MM!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
+1'#*-()12<!.@!!!!!!!!!!!!!!!!!!!
QL`<!.@!!!!!!!!!!!!!!!!!!!!!!!!!!!
51'62*
$%'2(&-&'$(<""!
6OG67!P76L5D!!!!!!!!!!!
51'62*&7'68(255<!
)MM!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
51'62*)-#<!.@!
%25$1"&'$(<!
M68KGO!()*!N!
()*!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
""!D7GF5D!67ELI!
845!X5MVK!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

** !! !! !! !! !! !! !! !!
Q$%<2R*9FFE* "'!1"'23! 4567849! (&!1:;<!-3!! RV6! "!2@A! ",)B!:G5M5LD0!!!!!!!!!!!
]E7VM5! /V<!-,-$!MD!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
]9C^* 1T>aTAaT2a@Q3! 6LIGEIK6P49! GL85KPE7685J! /L<!(,"'!MD!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
K6JGEXK5_V5LF9! =@C!B"! [_S<!-''N-''!
FEG7!! MM!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
X7GP!6LI75<!.@!!!!!!!!!!!!!!!!!!!
QL`<!.@!!!!!!!!!!!!!!!!!!!!!!!!!!!
51'62*
$%'2(&-&'$(<!
6OG67!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
51'62*&7'68(255<!
-MM!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
51'62*)-#<!'MM!!!!!!!!!!!!!!!!!!!!!!!
%25$1"&'$(<!
]EO57<!',$#!
N',$#N-!MM!!!!!!!!!!!!!

** !! !! !! !! !! !! !! **

! ('+!
4$#-<'6*9F..* +)!1+)23! 4567849! (",*!1:;<!(,)3! BU0!ZE84!DGJ5D! (!2@AD!"! ",)B!:G5M5LD!!!!!!!!!!!
B"!H5GI485J0! /V<!(+(MD5F!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
]AF^*** Z5XEK5W!"!6X85K! 5O8K5MG89!FEG7! IK6JG5L8!5F4E!!!!!!!!!!!!!!!!!
/L<!-,$*MD5F!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
8K6GLGLI! [_S<!"*(N(##!
MM!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
+1'#*-()12<!.@!!!!!!!!!!!!!!!!!!!
QL`<!.@!!!!!!!!!!!!!!!!!!!!!!!!!!!
51'62*
$%'2(&-&'$(<!
6OG67!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
51'62*&7'68(255<!
"'MM!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
51'62*)-#<!+MM!!!!!!!!!!!!!!!
%25$1"&'$(<!
M68KGO!(##N)"(*

** !! !! !! !! !! !! !! **
!8$%"#58-* "''!1*+Q0! $"!7EH!Z6FY! 7EH!Z6FY!P6GL!! SGK0!=72G0!=7250! "!2@A! ",)B!=C0!!!!!!!!!!!!!!B(!H5GI485J! /V<!+)''!MD!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
9F.B*]B.^* +$23!! P6GL0!(&! -$,$!1:;<!#,-3[! =7260!ZE84!DGJ5D! FEG7!<*.@! /L<!""'!MD!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
4567849! 4567849!-$,*! [_S<!+('N+(-!
1:;<!&,&3! MM!!!!!!!!+1'#*
-()12<!.@!!!!!!!!!!!!!!!!!!!
QL`<!.@!!!!!!!!!!!!!!!!!!!!!!!!!!!
51'62*
$%'2(&-&'$(<!
D6IG8867!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
51'62*&7'68(255<!
-MM!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
51'62*)-#<!'MM!!!!!!!!!!!!!!!!!!!!!!!!!
%25$1"&'$(<!
M68KGO!!
+('N((-!!!!!!!!!!!!!!!!!!

** !! !! !! !! !! !! !! **

! ('-!
!,2"1<2%5** "'!1)Q0!)23! 4567849! +'!1('%+)3! Qde0!Cde0!KGI48! (!2@AD0!"! +B!S4G7GPD0!!!!!!!!!!!!!!
B"!H5GI485J! /V3!)''!MD!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
9F.F*]B9^* DGJ5! H55Y!Z58H55L! X75OGZ75D! 6OG67!DPGL!5F4E! /L<!"(!MD!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
D5DDGELD! DVKX6F5!FEG7D! [_S<!"*'N"*'!
HG84!8HE! MM!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
577GP8GF67! +1'#*-()12<!.@!!!!!!!!!!!!!!!!!!!
575M5L8D!!!!!!!! QL`<!.@!!!!!!!!!!!!!!!!!!!!!!!!!!!
51'62*
$%'2(&-&'$(<!
6OG67!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
51'62*&7'68(255<!
*MM!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
51'62*)-#<!.@!!!!!!!
%25$1"&'$(<!
M68KGO!<!
+''N+''!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
** !! !! !! !! !! !! !! !!

! (')!
!#%'()2%*9F.9* "'!1*Q0!-23! HG84!VLG7685K67! !*",#!1:;<! =7250!=72G0!?C0! "!2@A0!"(! !",)B!:G5M5LD0!!!!!!!!!
B"!H5GI485J! <6!!***********************************
]B?^* 8E867!4GP! "(,([!+)g$*3! ZE84!DGJ5D! MEL84D!6X85K! X75OGZ75! 8VKZE!DPGL!5F4E! /V<!**$!MD!!*********************************
6K84KEP76D89! 4GP! HK6P6KEVLJ! /L<!"(!MD!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
6K84KEP76D89! P46D5J%6K69! [_S<!-''N-''!
DVKX6F5!FEG7! MM!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
+1'#*-()12<!")'\!!!!!!!!!!!!!!!!!!!!
QL`<!.@!!!!!!!!!!!!!!!!!!!!!!!!!!!
51'62*
$%'2(&-&'$(<!
FEKEL67!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
51'62*&7'68(255<!
)MM!!!51'62*
)-#<!.@!!!!!!!!!!!!!!!!!!!!!!!!
%25$1"&'$(<!
M68KGO!)"(N()*!!
=->"+$!)>,?-+,!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
/V<!**$!MD!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
/L<!"(!MD!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
[_S<!
-('N($),)(!MM!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
+1'#*-()12<!.@!!!!!!!!!!!!!!!!!!!
QL`<!.@!!!!!!!!!!!!!!!!!!!!!!!!!!!!
51'62*
$%'2(&-&'$(<!
6OG67!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
51'62*&7'68(255<!
*MM!!!!!!!!!!!!!!!!!
51'62*)-#<!.@!!!!!!!!!!!!!!!!!!!!!!!!
%25$1"&'$(<!
M68KGO!)"(N"*#!!!

** !! !! !! !! !! !! !! !!

! ('*!
!"<7$++*9FFE* "'!1"'23! 4567849! (&!1:;<!-3! :20!:B0!UQ:0! "!2@A! ",)B!:G5M5LD0!0!!!!!!!!!!!
]E7VM5! /V<!.@!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
]B@^* UQ>0!:6K0!BQ>0! 6LIGEIK6P49! GL85KPE7685J! /L<!.@!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
=K60!T>A0!T20! K6JGEXK5_V5LF9! =@C!B"! [_S<!.@!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
@Q0!=20!=>! FEG7!! +1'#*-()12<!.@!!!!!!!!!!!!!!!!!!!
QL`<!.@!!!!!!!!!!!!!!!!!!!!!!!!!!!
51'62*
$%'2(&-&'$(<!
6OG67!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
51'62*&7'68(255<!
-!MM!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
51'62*)-#<!'!MM!
%25$1"&'$(<!
PGO57!<!
',$#N',$#!MM!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

** !! !! !! !! !! !! !! !!
/'()-%&*9FF?* "'!1*Q0!-23! F6J6]5KD! $*!1*$%#(3! :DPG0:DF60! "!2@A! ",)B!=C0!!!!!!!!!!!!!!!!!
B"!H5GI485J! /V<!*)'MD5F!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
]9A^* ADPGaBMGL! 7GL56K!D4EV7J5K! X6D8!DPGL!5F4E! /L<!"'MD5F!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
6KK69!FEG7! [_S<!"#'N"#'!
MM!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
+1'#*-()12<!.@!!!!!!!!!!!!!!!!!!!
QL`<!.@!!!!!!!!!!!!!!!!!!!!!!!!!!!
51'62*
$%'2(&-&'$(<!
EZ7G_V5!D6IG8867!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
51'62*&7'68(255<!
+MM!!!!!!!!!!!!!!!
51'62*)-#<!'MM!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
%25$1"&'$(<!
M68KGO!)"(N((-!!!!
** !! !! !! !! !! !! !! !!

! ('$!
/%-6;*9FF?* -$!1("Q0!(*!23! 4567849! 9EVLI<!(*! RV60!8K6GL5J!DGJ5! (!2@AD!"! !",)B!SGFY5K! B"!H5GI485J! /V<!$''!MD!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
]9B^* 1:;<!+3!1.j! Z5XEK5W!"!6X85K! CJI50!!!!!!!!!!!!!!! /L<!"-!MD!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
(+3[!!!!!!!!!! 8K6GLGLI! FEG7!<!.@!! [_S<!)'FM!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
E7J5K<!*&!1:;<! +1'#*-()12<!.@!!!!!!!!!!!!!!!!!!!
+3!1.j!(-3! QL`<!.@!!!!!!!!!!!!!!!!!!!!!!!!!!!
51'62*
$%'2(&-&'$(<!
6OG67!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
51'62*&7'68(255<!
&MM!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
51'62*)-#<!"MM!!!!!!!!!!!!!!!!!!!!!!!!!!!!
%25$1"&'$(<!
M68KGO!()*N()*!!!!!!!!!!!!!!!

** !! !! !! !! !! !! !! !!
S-12(&'(*9F.A* "'!1"'23! 4567849! )!9EVLI!1"#% C:0!20!@/0!SD! "!2@A! ",)B!:G5M5LD0!!!!!!!!!!!
B"!H5GI485J! /V<!&,+!MD!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
]@A^* ()3!!!!!!!!!!!!!!!!!!!!! ZE84!DGJ5D! 6$'1!<!.@! IK6JG5L8!5F4E! /L<!-,*!MD!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
)!M68VK5!1-)% [_S<!
*'3!!!!!!!!!!!!!!!!!!!! K5F86LIV76K0!
$#k!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
+1'#*-()12<!.@!!!!!!!!!!!!!!!!!!!
QL`<!.@!!!!!!!!!!!!!!!!!!!!!!!!!!!
51'62*
$%'2(&-&'$(<!
6OG67!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
51'62*&7'68(255<!
"'MM!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
51'62*)-#<!.@!!!!!!!!!!!!!!!!!!!!!!!!
%25$1"&'$(<!.@!*
** !! !! !! !! !! !! !! !!

! ('#!
S-(,267212(* --!1""Q0!++23! ("!ZG7685K67! F5K5ZK67!P67D9<! =20!:?>0!B/0! "!2@A! ",)B!S4G7GPD! B(!H5GI485J0!+! @.0!3&(2!
9F.C*]A.^* F5K5ZK67!P67D90! "-,$!1:;<!+3!!!!!! @Q0!:20!:B0!75X8! 1((!DVZf5F8D3!!!!!!!!!PEGL8!;GOEL! ,?*99+0!!!!!!***************
(+!4567849! 4576849<!"*,#! DGJ5! +B!S4G7GPD!1((! /V3*-,*MD!!!!************************
1:;<!+,+3!!!!!!!! DVZf5F8D3!0!!!!!!!!!!!!!!! /L3*"+MD******************************
_V6JK68VK5! [_S3*.@***************************************
ZEJ9!FEG7! +1'#*-()123*('\!!!!
51'62*
$%'2(&-&'$(3*
6OG67!!*****51'62*
&7'68(2553*
)MM!************
51'62*)-#3*.@!**************************************
%25$1"&'$(3*
]EO57!DGc5!
',&N',&N',)MM!!!!!
@.0!'2!,?*99+0!!*******************
/V3*(,""MD!!!!!!!!********************
/L3!),(MD!!!!*********************
[_S3*.@!!!************************************
+1'#*-()123!"'\!!!**************************************************
51'62*
$%'2(&-&'$(3*
6OG67******************************
51'62*&7'68(2553*
)MM!!!**********
51'62*)-#3*.@!!!************************************
%25$1"&'$(3*
]EO57!DGc5!
',&N',&MM!!!!!!****************************************************

** !! !! !! !! !! !! !! !!

! ('&!
T-,-"67'* (-!1"(Q0!"(23! "(!HG84!YL55! $-,+!1:;<!-,-3! !T>0!T20!TA0!@Q0!! "!2@A! ",)B!BED4GZ6! B"!H5GI485J0! /V<!*()MD!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
9F.C*]9D^* ED85E6K84KG8GD! :20!:B0!UQ:0! 8VKZE!DPGL%5F4E!!!!!!!!!!!!!!!!!!!!!!!!!!!
/L<!")MD!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
IK6J5!"!6LJ!"(! UQ>0!P6GLXV7!DGJ5! FEG7<!.@! [_S<!()'MM!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
HG84!YL55! +1'#*-()12<!.@!!!!!!!!!!!!!!!!!!!
ED85E6K84KG8GD! QL`<!.@!!!!!!!!!!!!!!!!!!!!!!!!!!!
IK6J5!^j(! 51'62*
$%'2(&-&'$(<!
6OG67!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
51'62*&7'68(255<!
"'MM!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
51'62*)-#<!'MM!!!!!!!!!!!
%25$1"&'$(<!
M68KGO<!
)"(N)"(!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

!
Q<!X5M6750!2<!M6750!:;<!D86LJ6KJ!J5]G68GEL0!.@<!LE8!K5PEK85J!
@Q<!K5F8VD!X5MEKGD0!TA<!]6D8VD!GL85KM5JGVD0!T><!]6D8VD!7685K67GD0!T2!<!]68DVD!M5JG67GD0!RV6!<!_V6JKGF5PD0!SGK!<!SGKGXEKMGD0!=72G!<!=7V85VD!2GLGMVD0!
=725!<! =7V85VD! 25JGVD0! =726!<! =7V85VD! 26OGMVD0! Qde<! X75OEK! F6KPG! V7L6KGD0! Cde<! 5O85LDEK! F6KPG! V7L6KGD0! :DPG<! :VPK6DPGL68VD0! :DF6<!
:VZDF6PV76KGD0!ADPGaBMGL<!ALXK6DPGL68VD!6LJ!B5K5D!MGLEK0!C:<!CK5F8EK!:PGL650!2<!MV78GXGJVD0!@/<!K5F8VD!6ZJEMGLGD0!SD<!SDE6D0!:6K<!:6K8EKGVD0!=K6<!
=K6FG7GD0! /JJ2<! /JJVF8EK! 26ILVD0! /JJ! ><! /JJVF8EK! 7ELIVD0! UQ><! UGF5PD! Q5MEKGD! >ELI! 456J0! UQ:<! UGF5PD! Q5MEKGD! :4EK8! 456J0! :B<! :5MG!
B5LJGLEDVD0!:2<!:5MG!25MZK6LEDVD0!=><!=6D8KEFL5MGVD!>685K67GD0!=2<!=6D8KEFL5MGVD!25JG67GD0!:EaQb><!:E75VD!6LJ!X75OEK!4677VFGD!7ELIVD0!
BS<!BGZG67GD!SED85KGEK0!Q;><!X75OEK!JGIG8EKVM!7ELIVD0!S5K!>UB<!S5KEL5VD!1>ELIVD0!UK5]GD0!B5K8GVD30!B/aC;>aCb><!8GZG67GD!6L85KGEK!6LJ!5O85LDEK!
JGIG8EKVM!7ELIVD!6LJ!5O85LDEK!4677VFGD!7ELIVD0!:E<!:E75VD0!B:<!8KGF5PD!DVK650!!BU<!8KGF5PD!ZK6F4GG0!B/<!BGZG67GD!/L85KGEK0!T>2A<!T6D8VD!>685K67GD!
6LJ! 25JGVD! 6LJ! AL85KM5JGVD0! BQ><! 85LDEK! Q6DFG6! >6860! /JJ! U>2<! 6JJVF8EK! 1ZK5]GD0! 7ELIVD0! M6ILVD30! A7<! A7G6FVD! 0! ?Z7<! ?Z7G_VVD! 18K6LD]5KDVD!
6ZJEMGLGD0!GL85KLVD!6LJ!5O85KLVD!EZ7G_VVD30!R><!RV6JK68VD!>VMZEKVM0!T>A<!T6D8VD!>685K67GD!6LJ!AL85KM5JGVD!8EI5845K0!T>2A<!T6D8VD!>685K67GD!
6LJ!25JG67GD!6LJ!AL85KM5JGVD0!UQ<!UGF5PD!Q5MEKGD0!:2B<!:5MG!25MZK6LEDVD!6LJ!B5LJGLEDGD0!C:2!<!5K5F8EK!DPGL65!6LJ!MV78GXGJVD0!SB<!PKEL68EK!
85K5D0!Cd@U!<!CO85LDEK!d6KPG!@6JG67GD!UK5]GD0!CS>!<!CO85LDEK!SE77GFGD!>ELIVD0!UK!<!UK6F4GEK6JG67GD!
Q?T<!QG57J!EX!TG5H0!.Cl<!.VMZ5K!EX!COFG868GELD0!B@<!@5P58G8GEL!BGM50!BC<!BGM5!8E!5F4E!

!
!
!
!
!

! ("'!
!@*/-0123*,2&%$1$)'6-1*#%$#2%&'25*$+*&267('X"25!
** P2-5"%2* P"5612** a$(6"%%2(&*=-1'<'&;* W(&%-*%-&2%* W(&2%*%-&2%* _&72%** U"%-&'$(*
%21'-0'1'&;* %21'-0'1'&;*
J10%-67&* DGLI75!D7GF5!M6LV67! =2! @2:C<!$k!! %! %! %! !!
9FFD*]A9^* D5IM5L868GEL!
1d:/M6O30!MVDF75!
75LI84!12>3!6LJ!
D46P5!X6F8EK!1P30!
]E7VM5<!PN!
d:/M6ON!2>!!
=>! @2:C<!"'k!! %! %! %! !!
:?! @2:C<!)k!! %! %! %! !!
** !! !! !! !! !! !! !!
J,-0'12* VD5!EX!/d:/M6O! R>! ]E7VM5!@2:C<!"$,$k! %! %! %! %!
9F.B*]A?^* 6LJ!MVDF75!75LI84!
12>3!EZ86GL5J!VDGLI! C:! ]E7VM5!@2:C<!),(k! %! %! %! %!
XV77!MVDF75!
K5FELD8KVF8GEL!6LJ! =726! ]E7VM5!@2:C<!),&k! %! %! %! %!
D46P5!X6F8EK!1P30! =725! ]E7VM5!@2:C<!*,*k! %! %! %! %!
]E7VM5<!PN!
/d:/M6ON!2>!!!!! =72G! ]E7VM5!@2:C<!"",&k! %! %! %! %!
/JJ!?S! ]E7VM5!@2:C<!$,"k! %! %! %! %!
T>A! ]E7VM5!@2:C<!-,#k! %! %! %! %!
T2! ]E7VM5!@2:C<!),(k! %! %! %! %!
BQ>! ]E7VM5!@2:C<!&,'k! %! %! %! %!
@Q! ]E7VM5!@2:C<!-,*k! %! %! %! %!
=K6! ]E7VM5!@2:C<!),'k! %! %! %! %!
:6K! ]E7VM5!@2:C<!-,$k! %! %! %! %!
UQ:! ]E7VM5!@2:C<!#,#k! %! %! %! %!
UQ>! ]E7VM5!@2:C<!$,"k! %! %! %! %!
:2! ]E7VM5!@2:C<!*,$k! %! %! %! %!

! (""!
:B! ]E7VM5!@2:C<!$,-k! %! %! %! %!
K5JVF5J!2@A!D58! :PGL5!X75OEKD!1G7G6FVD0!PDE6D3!! ]E7VM5!@2:C<!),$k! %! %! %! %!
M584EJ<!MEJ57!VDGLI!
845!;S:?!M584EJ0! DPGL5!5O85LDEKD!1C:aR>3! ]E7VM5!@2:C<!"',$k! %! %! %! %!
HG84!)!D5IM5L85J!
D7GF5D0!]E7VM5! 4GP!X75OEKD! ]E7VM5!@2:C<!&,$k! %! %! %! %!
PK5JGF85J!XKEM!6! 1/JJa=K6aA7aSDa@Qa:6KaBQ>3!!
MV78G7GL56K!
K5IK5DDGEL!! 4GP!5O85LDEKD!1UQ>a! ]E7VM5!@2:C<!#,$k! %! %! %! %!
UQ:a=726a:2a:B!
YL55!X75OEKD!1UQ:!a!UQ>a! ]E7VM5!@2:C<!*k! %! %! %! %!
=K6a:6Ka:2a:B3!!
YL55!5O85LDEKD!1@Qa!T>Aa!T23!! ]E7VM5!@2:C<!*k! %! %! %! %!

** !! !! !! !! !! !! !!
J(<%2>5* GL85K6F8G]5! =K6! M56L!:VKX!;<!",)-[! ;:A<!',$([!:;<',(-! %! %! %! )'aW%
9F.A*]BA^* D5IM5L868GEL!VDGLI! :6K! :;<',*$MM! ;:A<!',$"[!:;<',($! %! %! %! -,+MGLV85D!
D46P5!PKGEKD!a! P5K!GM6I5!8E!
D868GD8GF67!D46P5! UQ>! ;:A<!',$'[!:;<',"*! %! %! %! KVL!
MEJ57! @Q! ;:A<!',$)[!:;<!',('! %! %! %!
:B! ;:A<!',#'[!:;<',"*! %! %! %!
UQ:! ;:A<',#&[!:;<','#! %! %! %!
:2! ;:A<!',#)[!:;<',""! %! %! %!
TA! ;:A<!',$&[!:;<','*! %! %! %!
T2! ;:A<!',&+[!:;<','*! %! %! %!
/JJ! ;:A<!',#"[!:;<',""! %! %! %!
T>! ;:A<!',#*[!:;<','+! %! %! %!
** !! !! !! !! !! !! !! !! !!
K-%($"'(* D7GF5%Z9%D7GF5!M6LV67! @Q! %! %! Add<!',&&)!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
FEL8KGZV8GEL!EX! )!
9F.@*]@B^* D5IM5L868GEL0! DGILGXGF6L8!GL85K! GLJG]GJV67!MVDF75D! 4EVKDWDVZf5F8!
]E7VM5<!MVDF75! K685K!JGXX5K5LF5!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
HG84GL!RQ!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
1H4E75!
8GDDV5!6K56!N! M56L!JGXX<!% DGILGXGF6L8! D5IM5L868GEL!
GL85KD7GF5!JGD86LF5!!!! +,#k[!:;<! GL85KEP5K68EK! PKEF5JVK53!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
(,&k!!!!!!! JGXX5K5LF5D!XEK!TA!

! ("(!
TA! %! %! Add<',&&$!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
6LJ!T>0!M56L!JGXX<!
LE!DGILGXGF6L8! ",#k!XEK!TA[!",+k!
GL85K!K685K! XEK!T>!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
JGXX5K5LF5!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Add!',#+*%',&&)!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
M56L!JGXX<!%
",-k[!:;<!
+,+k!!!!
T>! %! %! Add<!',&##!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
DGILGXGF6L8!GL85K!
K685K!JGXX5K5LF5!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
M56L!JGXX<!%
-,)k[!:;<!
(,&k!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
T2! %! %! Add<!',&&(!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
DGILGXGF6L8!GL85K!
K685K!JGXX5K5LF5!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
M56L!JGXX<!%
+,"k[!:;<!
",&k!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
RV6! %! %! Add<!',&&)!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
DGILGXGF6L8!GL85K!
K685K!JGXX5K5LF5!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
M56L!JGXX<!%
+,"k[!:;<!
",#k!!!!
** !! !! !! !!
K-%($"'(* D7GF5%Z9%D7GF5!M6LV67! @Q0!TA0!T>0!T2! 5XX5F8!EX!845!M584EJ!D868GD8GF6779!DGILGXGF6L8! %! %! M56L!dT!Z58H55L! %!
9F.A*]@C^* D5IM5L868GEL0! XEK!677!845!MVDF75D,!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! M584EJDj!',-"k!
]E7VM5<!F97GLJ5KW! M56L!JGXX!m!"k!1!677!GLJG]GJV67D!6LJ!MVDF75D3! 1:;j',-)k0!K6LI5<!
FEL5!M584EJW!+J% ','+g(,$)k3!
EKJ5K!PE79LEMG67!
K5IK5DDGELW!-84%EKJ5K!
PE79LEMG67!
K5IK5DDGEL!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

! ("+!
M6LV67!D5IM5L868GEL! GL85K%D7GF5!JGD86LF5D!^)!FM<!LEL5!EX!845! %! %! 5XX5F8!EX!GL85K%D7GF5! %!
EX!6!K5JVF5J!LVMZ5K! M584EJD!FEKK5F879!5D8GM685!845!MVDF75! JGD86LF5!]5K9!
EX!D7GF5D0!]E7VM5<! ]E7VM5!15KKEK^!)k3,!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! DGILGXGF6L8!XEK!845!
F97GLJ5KW!FEL5! GLFK56DGLI!845!JGD86LF5!Z58H55L!D7GF5D<! Bd!M584EJ!6LJ!845!
M584EJW!+J%EKJ5K! IK5685K!GL85K%GLJG]GJV67!]6KG6ZG7G89!!!! T2!MVDF75,!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
PE79LEMG67! MED8!D86Z75!
K5IK5DDGELW!-84%EKJ5K! M584EJ<!F97GLJ5K!
PE79LEMG67! M584EJ!
K5IK5DDGEL!!

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

! ("-!
K21-=;*9F..* M6LV67!D5IM5L868GEL! @Q0!T20!T>0!TA0!:6K0!=K60/JJ! /D!845!LVMZ5K!EX!D7GF5D!GLF7VJ5J!GL!845! %! %! %! %!
]AA^* EX!6!K5JVF5J!LVMZ5K! 20!/JJ!>0!UQ>0!UQ:0:B0!:20! M56DVK5!EX!MVDF75!DGc5!GLFK56D5J0!845!
EX!D7GF5D0!D575F8GEL!EX! =>0!=20!:?aQb>0!BS0!Q;>0! FEKK5768GEL!HG84!MVDF75!]E7VM5!85LJ5J!8E!
845!D5IM5L85J!D7GF5D! SC@!>UB0!B/!aC;>!a!Cb>0! 6PPKE6F4!",!/77!845!FEKK5768GELD!H5K5!
HG84!)!67IEKG84MD! 75X8!DGJ5! D868GD8GF6779!DGILGXGF6L8,!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
GLF7VJGLI! +**!GLJG]GJV67!d:/!M56DVK5M5L8D!XEK!6!
DVZ67IEKG84MD!HG84! 89PGF67!J686!D58!1M56DVK5M5L8D!XKEM!677!EX!845!
]6KGEVD!LVMZ5K!EX! MVDF75D!EL!EL5!7EH5K!7GMZ3!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
D7GF5D!1"%76KI5D8!d:/! /7IEKG84MD!"0!(!EK!+0!K5_VGK5J!"&+0!"&"!EK!
6LJ!845!DVM!EX!845! (+(!GLJG]GJV67!d:/!M56DVK5M5L8D!8E!
+0*0&!n!76KI5D8!d:/! 6FFVK68579!5D8GM685!845!]E7VM5D!EX!677!7EH5K%
M56DVK5M5L8W!(% 7GMZ!MVDF75D!FELDGJ5K5J,!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
76KI5D8!d:/!HG84! ;5P5LJGLI!EL!845!MVDF75D0!67IEKG84MD!6LJ!
GMM5JG68579!6Jf6F5L8! DVZ67IEKG84MD!JGXX5K5J,!!
d:/DW!+%D6M5!6D!(!
5OF5P8!5]5K9!D5FELJ!
GM6I5D!86Y5LW!-%!
M584EJ!VDGLI!d:/!
68!+'0!-'0!)'0!#'kW!
)%!!MED8!PDEOGM67!
d:/!HG84!5]5K9!(J0!
+J0!-84,,,!d:/!
M56DVK5M5L8D30!
]E7VM5<!7GL56K!
GL85KPE768GEL!

** !! !! !! !! !! !!

! (")!
L11'$&&G*.EEC* GM6I5!Z6D5J! =20!=>0!:E! %! %! XEK!&!MVDF75D! %! 6]5K6I5!8GM5!
]BB^** D5IM5L868GEL!a! 1+!=20!+=>0! 8E!D5IM5L8!6L!
M6LV67!D5IM5L868GEL! +:E3!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! GLJG]GJV67!
FEKK5F8GEL!67IEKG84M! FEKK5768GEL! MVDF75<!-)!
XEK!P6K8G67!]E7VM5! FE5XXGFG5L8<! MGLV85D,!
5XX5F80!]E7VM5<! ',&&!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
6JJG8GEL!EX!845! M6O!JGXX<!-,+k!!
LVMZ5K!EX!]EO57D!
** !! !! !! !! !! !! !! !!
L()*9FFC* M6LV67!D5IM5L868GEL! SB!!! Add<!',&$!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
%! Add<!',&$!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
A! %!
]A@^* GL!845!+!P76L5D0! M56L!JGXX<!#,-k!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
M56L!JGXX<!
]E7VM5<!6JJG8GEL!EX! #,#k!
Cd@U!! Add<!',&+!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
%! A! %!
845!LVMZ5K!EX!]EO57D!
M56L!JGXX<!$,$k!
CS>!! Add<!',*#!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
%! A! %!
M56L!JGXX<!(",*k!
Qde! Add<!',&"!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
%! A! %!
M56L!JGXX<!&,#k!!
U@!! Add<!',&+!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
%! A! %!
M56L!JGXX<!"$,(k!!!!!!!!!!!!!!!!!!!!!!
** !! !! !! !! !! !! !!
L()5&%$,* 6876D!Z6D5J!a! R>! ;:A<!',#*[!:;<','*!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
%! %! K5DV78D!5KKEKD! %!
9F..*]BC^* D868GD8GF67!D46P5! Bd<!',$)[!:;<!','#!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! EZ86GL5J!XKEM!LEL!
Z6D5J!D5IM5L868GEL! M56L!:VKX!;<!",+(MM[!:;<',*'MM! KGIGJ!K5IGD8K68GEL!
SD! ;:A<!',&"[!:;<','+!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
%! %! 6LJ!+;!::2! %!
Bd<!',#-[!:;<',')!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! D5IM5L868GEL!
M56L!:VKX!;<!",-(MM[!:;<',)"MM! M584EJD!67EL5!
H5K5!IK5685K!846L!
C:2! ;:A<!',&([!:;<','+!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
%! %! 6876D!Z6D5J!a! %!
Bd<!',#)[!:;<','*!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! D868GD8GF67!D46P5!
M56L!:VKX!;<!",#"MM[!:;<',#"MM! Z6D5J!D5IM5L868GEL!
M584EJ!
** !! !! !! !! !! !! !! !!

! ("*!
M$1'=2&*9F.@* GMPKE]5J!;S:?! @Q0!T>2A0!:6K0!BQ>0!UQ:0! ]E7VM5!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
%! %! %! %!
]BD^* UQ>0!:B0!:20!=K6! *!M6LV67!FEL8EVKD!K5_VGK5J!XEK!:B!MVDF750!)!
XEK!UQ:0!@Q!6LJ!:/@!6LJ!-!XEK!UQ>0=@/0!
:20!BQ>!6LJ!T>2A0!GLD856J!EX!$!XEK!@Q!6LJ!
:/@0!*!XEK!UQ>0!)!XEK!UQ:0!=@/0!:20!BQ>!
6LJ!:B0!-!XEK!T>2A!HG84!845!LEL%EP8GMGD5J!
M584EJ,!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
PEGL8!8E!DVKX6F5!JGD86LF5!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
)!M6LV67!FEL8EVKD!K5_VGK5J!XEK!@Q0!:20!:B!
6LJ!T>2A!MVDF75D[!-!XEK!UQ:0!UQ>0!:/@!
6LJ!BQ>[!+!XEK!=@/!GLD856J!EX!$!XEK!:6K[!*!
XEK!UQ>0!@Q0!=K60!:20!:B0!T>2A0!)!XEK!UQ:[!
-!XEK!BQ>!
** !! !! !! !! !! !! !!
N',*9F.C* 84K5D4E7JGLI!6LJ! :DPG! %! %! ;:A<!',&)!1:;<! %! %!
]9E^* M6LV67!PED8%! ','"(3!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
PKEF5DDGLI! Y6PP6<!',&-#!
1:;<','"(3!!
GM6I5!Z6D5J!6LJ! ;:A<!',&)!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
%! %! %! %!
D46P5!Z6D5J! 6FFVK6F9<!',&&!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
D5IM5L868GEL! M56L!:VKX!;<!',--MM!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
M6O!:VKX!;<!+,'-MM!
** !! !! !! !! !! !! !!
O27&'(2(* DGLI75!D7GF5!M6LV67! :DPG! M56L!]E7VM5<!($FM+!1K5X!]E7VM5<!+*FM+3[! dT<!-,(k! dT<!",*k! %! 6]5K6I5!8GM5!
9FF?*]AB^* D5IM5L868GEL!168!845! (:;<!"#FM+!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! 8E!FEMP7585!
o%D46P5J!PEDG8GEL30! 845!8K6FGLI!EX!
]E7VM5<!F67FV7685J! 845!+!
Z9!845!DEX8H6K5!!! :DF6! M56L!]E7VM5<!#'FM+!1K5X!]E7VM5<!&&FM+3[! dT<!-,)k! dT<!-,-k! %! MVDF75D<!
(:;<!)'FM+! $'D5F!1+'MGL!
XEK!D7GF5%Z9%
ADPGaBMGL! M56L!]E7VM5<!#$FM+!1K5X!]E7VM5<!&*FM+3[! dT<!+,'k! dT<!(,$k! %!
D7GF5!
(:;<!$(FM+!!
D5IM5L868GEL3!
M6LV67!D5IM5L868GEL! :DPG! M56L!]E7VM5<!+(FM+!1K5X!]E7VM5<!+*FM+3[! dT<!+,+k! dT<!",*k! %! 6]5K6I5!8GM5!
EX!(!D7GF5D!168!845!o% (:;<!('FM+!!!!! 8E!FEMP7585!
D46P5J!PEDG8GEL!6LJ! 845!8K6FGLI!EX!
68!6!J5XGL5J!MEK5! 845!+!
M5JG67!PEDG8GEL30! :DF6! M56L!]E7VM5<!&"FM+!1K5X!]E7VM5<!&&FM+3[! dT<!+,)k! dT<!(,*k! %! MVDF75D<!
]E7VM5<!F67FV7685J! (:;<!*"FM+! "")D5F!
Z9!845!DEX8H6K5!!!!! 1+'MGL!XEK!
ADPGaBMGL! M56L!]E7VM5<!#&FM+!1K5X!]E7VM5<!&*FM+3[! dT<!(,)k! dT<!",'k! %! D7GF5%Z9%D7GF5!
(:;<!$&FM+!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! D5IM5L868GEL3!

! ("$!
** !! !! !! !! !! !! !!
O2*/%$&2%* D7GF5%Z9%D7GF5!M6LV67! @Q!! %! %! %! AL85KDF6L! ]E7VM5! %!
9F.B*]@D^* D5IM5L868GEL0! K57G6ZG7G899<!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
dT<!
]E7VM5<!FEL5! Add^j! -,)k!
M584EJ! TA!! %! %! %! ',&#!XEK!677! ]E7VM5! %!
845! dT<!
MVDF75D!!! (,"k!
T>!! %! %! %! ]E7VM5! %!
dT<!
),)k!
T2!! %! %! %! ]E7VM5! %!
dT<!
",$k!
RV6! %! %! %! ]E7VM5! %!
dT<!(k!!
6876D!Z6D5J! @Q! ]E7VM5!Add<!',&&[!dT<!+,*k!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
%! %! %! %!
D5IM5L868GEL!1D5MG! ;:A<!!',#&[!:;<','$!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
6V8EM685J3!!! Q.TQ<!',"'[!:;<','*!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
QSTQ<!!',"'[!:;<','&!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
2T:Q<!',')[!:;<','&!!!!!!!!!!!!!!!!!!!!!!!!!
TA! ]E7VM5!Add<!',&#[!dT<!","k!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
%! %! %! %!
;:A<!'',&-[!:;<','"!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Q.TQ<!',')[!:;<','(!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
QSTQ<!',')[!:;<','(!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
2T:Q<!','([!:;<','(!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
T>!! ]E7VM5!Add<!',&&[!dT<!(,"k!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
%! %! %! %!
;:A<!!',&+[!:;<!','+!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Q.TQ<!','$[!:;<!','+[!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
QSTQ<!!','$[!:;<!',')!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
2T:Q<!','+[!:;<!','-!!!!!!!!!!!!!!!!!!!!!!!!!
T2! ]E7VM5!Add<!',&#[!dT<!",#k!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
%! %! %! %!
;:A<!',&)[!:;<!','-!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Q.TQ<!!','*[!:;<',')!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
QSTQ<!!','-[!:;<','-!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
2T:Q<!','([!:;<','+!!!!!!!!!!!!!!!!!!!!!!!!!!!

6876D!Z6D5J! @Q! ]E7VM5!Add<!',$#[!dT<!"$,+k!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! %! %! Z5D8!K5DV78D! %!


D5IM5L868GEL!1XV779! ;:A<!',#-[!:;<',"(!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! EZ86GL5J!HG84!845!
6V8EM685J3!!! Q.TQ<!',('[!:;<',(-!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! FEMZGL68GEL!EX!(!
QSTQ<!',++[!:;<',"+!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! J5XEKM68GEL!XG57JD!
2T:Q<!',(+[!:;<',(-! K5DV78GLI!XKEM!845!

! ("#!
TA!! ]E7VM5!Add<!',$'[!dT<!"',)k!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! %! %! LEL%P6K6M58KGF! %!
;:A<!',#$[!:;<','$!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! D9MM58KGF!
Q.TQ<!',"([!:;<',""!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! JGXX5EMEKP4GF!
QSTQ<!',"+[!:;<',')!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! LEKM67Gc68GEL!6LJ!
2T:Q<!',"'[!:;<','$! 845!:BCS:!XVDGEL!
T>!! ]E7VM5!Add<!',&'[!dT<!"$,+k!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
%! %! 67IEK984M0! %!
;:A<!',##[!:;<','#!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Q.TQ<!',')[!:;<',')!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
QSTQ<!',(+[!:;<',"*!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
2T:Q<!',(+[!:;<',(+!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
T2!! ]E7VM5!Add<!',&*[!dT<!+,&k!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
%! %! %!
;:A<!',&"[!:;<',')!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Q.TQ<!',"'[!:;<','*!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
QSTQ<!','#[!:;<','*!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
2T:Q<!','-[!:;<','-!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
** !! !! !! !! !! !! !! !!
O"(<*9FF9* M6LV67!D5IM5L868GEL! B/aC;>aCb>0!75X8!DGJ5! %! Add<!',&&!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Add<!',&*!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
%!LE!JGXX5K5LF5! %!!
]@E^* EX!6!K5JVF5J!LVMZ5K! DGILGXGF6L8! DGILGXGF6L8! Z58H55L!FEL5!6LJ!
EX!!D7GF5D!1"+!D7GF5D3!! JGXX5K5LF5!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
JGXX5K5LF5!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
F97GLJ5K!M584EJ!
M56L!JGXX<! M56L!JGXX<! VDGLI!)'!D7GF5D!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
','$k!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
-,$k!!!!!! %!M56L!JGXX5K5LF5<!
D7GF5%Z9%D7GF5!M6LV67! M56L!JGXX<!',+"M70!(:;<!',**M7! %! %! ',+"k!!Z58H55L! %!!
D5IM5L868GEL0! FEL5!6LJ!F97GLJ5K!
]E7VM5<!F97GLJ5KW! M584EJ!VDGLI!#!
FEL5!M584EJ!!!!! D7GF5D!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

M6LV67!D5IM5L868GEL! M56L!JGXX<!',+M7!1',''-k3[!(:;<!%',**M7!!!!!! %! %! %!!


EX!6!K5JVF5J!LVMZ5K!
EX!D7GF5D!1#!D7GF5D30!
]E7VM5<!F97GLJ5K!
M584EJ!!!

! ("&!
M6LV67!D5IM5L868GEL! %! %! %! %!!
EX!6!K5JVF5J!LVMZ5K!
EX!D7GF5D!1#!D7GF5D30!
]E7VM5<!FEL5!
M584EJ!!!!!!
** !! !! !! !! !! !! !! !! !!
P-%6$(*9F.A* M6LV67!D5IM5L868GEL! RV6! - Add<!',&'! %! %! !! %!
]E^* EX!6!K5JVF5J!LVMZ5K!
EX!D7GF5D!15]5K9!84GKJ!
D7GF530!]E7VM5<!.@!
DGLI75!D7GF5!M6LV67! RV6! :CC<!#,"k! !! %! %! %! !! %!
D5IM5L868GEL!168!
()FM!6ZE]5!845!YL55!
fEGL830!]E7VM5<!.@!
* ! ! ! ! ! ! !

P2%5,-((* DGLI75!D7GF5!M6LV67! :?! K(<!',#*-!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


%! %! %! %!
9F.@*]AC^* D5IM5L868GEL!1d:/! LE!DGILGXGF6L8!JGXX5K5LF5!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
M6O30!MVDF75!75LI84! ]E7VM5!@2:C<!$,&k!!!!!!!!!!!!!!
12>3!6LJ!D46P5!
=2! K(<!',&)+!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
%! %! %! %!
X6F8EK!1P30!]E7VM5<! LE!DGILGXGF6L8!JGXX5K5LF5!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
PN!/d:/M6ON!2>!
]E7VM5!@2:C<!-,#k!
=>! K(<!',#-&!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
%! %! %! %!
LE!DGILGXGF6L8!JGXX5K5LF5!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
]E7VM5!@2:C<!#,+k!
** !! !! !! !! !! !! !!
P2%5,-((* DGLI75!D7GF5!M6LV67! TA! K(<!',&))!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
%! %! %! %!
9F.A*]AD^** D5IM5L868GEL!1d:/! LE!DGILGXGF6L8!JGXX5K5LF5!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
M6O30!MVDF75!75LI84! ]E7VM5!@2:C<!),(k!
12>30!6LJ!D46P5!
X6F8EK!1P30!]E7VM5<! T>! K(<!',&$(!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
%! %! %! %!
PN!/d:/M6ON!2>! LE!DGILGXGF6L8!JGXX5K5LF5!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
]E7VM5!@2:C<!-,*k!
T2! K(<!',&-+!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
%! %! %! %!
LE!DGILGXGF6L8!JGXX5K5LF5!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
]E7VM5!@2:C<!),$k!!

** !! !! !! !! !! !! !!

! (('!
P$-1*9F.@* ;S:?!M584EJ!B"! /JJ!U>20!UQ0!C:0!=7260! EL!677!845!MVDF75D0!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
EL!677!845! EL!677!845! LE!DGILGXGF6L8! 8GM5!8E!EZ86GL!
]AE^* GM6I5D! =7250!=72G0!=K60!A70!?Z70!SD0! M56L!JGXX<!","'k[!:;<!(,)'k[!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! MVDF75D0!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
MVDF75D0!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
JGXX5K5LF5D! 6!
R>0!@/0!@Q0!:6K0!:2B0!BQ>0! M56L!PEGL8!8E!DVKX6F5!JGD86LF5!(@2:Cm! M56L!dT<! M56L!dT<! Z58H55L!D5_V5LF5D! K5FELD8KVF8GE
T>A0!T2!! +MM0!1',##MM%"",+'MM3! (,"*k[!:;<! (,))k[!:;<! XEK!GL8K6!6LJ!GL85K! L!K5X5K5LF5!
',#*k[! ",'$k[!K6LI5<! K685K!K57G6ZG7G89! M584EJ<!"-%
K6LI5<!',&)!%! ',&)%!),$#k!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
")!4EVKD!!!!!!!!!!!!!!!!!!!!!!!!!!
=72G0!=7250!
+,$)k!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! 8GM5!8E!EZ86GL!
=72G<!dT^! @/<!dT^!)k! 6!
)k! K5FELD8KVF8GE
;S:?!M584EJ!Q68! EL!677!845!MVDF75D0!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
EL!677!845! EL!677!845! L!;S:?!
GM6I5D! M56L!JGXX<!(,"&k[!:;<!(,#)k[!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! M584EJ<!$!
MVDF75D0!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
MVDF75D0!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
M56L!PEGL8!8E!DVKX6F5!JGD86LF5!(@2:Cm! M56L!dT<! M56L!dT<! 4EVKD!!
+MM0!1",")MM%"*,-"MM3! (,')k[!:;<! (,*"k[!:;<!
",'"k[! ",#(k[!K6LI5<!
K6LI5<!',&'!%! ',&+!%!"",#'k!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
),*(k!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
=72G0!=7250!
=72G<!dT^! @/<!dT^!)k!
)k!
!! !! !! !! !! !! !! !!
P$%52*9FFC* DGLI75!D7GF5!M6LV67! T>! K(<!',$(*!! %! %! %! %!
]BF^**** D5IM5L868GEL!
1d:/M6O30!]E7VM5<! TA! K(<!',#"'! %! %! %! %!
5_V68GEL!VDGLI!
75LI84!6LJ!d:/!M6O!!! T2! K(<!',$&#! %! %! %! %!
@Q! K(<!',*&-! %! %! %! %!
RV6! K(<!',&-)!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
%! %! %! %!
:CC<!-,)k[!:;<!(,$k0!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
M56L!JGXX<!(),*!FM+[!",&*:;<!()'!FM+!!
DGLI75!D7GF5!M6LV67! RV6! K(<<!',#-!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
%! %! %! %!
D5IM5L868GEL!1d:/! :CC<!(*,#k[!:;<!),(k!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
68!-'k!XKEM!845! M56L!JGXX<!))"!FM+[!",&*:;<!"-"!FM+!
JGD867!5LJ!EX!845!
X5MVK30!K5IK5DDGEL!
5_V68GEL!8E!5D8GM685!
845!M6OGMVM!
MVDF75!FKEDD%
D5F8GEL67!6K560!
]E7VM5<!5_V68GEL!
VDGLI!75LI84!6LJ!
d:/!M6O!!!!!!!!!!!

! (("!
DGLI75!D7GF5!M6LV67! RV6! K(<!',&+!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
%! %! %! %!
D5IM5L868GEL!1d:/! :CC!<!"(,)k[!:;<!),-k!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
68!)'k!XKEM!845! M56L!JGXX<!()-FM+[!",&*:;<!"'$!FM+!
JGD867!5LJ!EX!845!
X5MVK30!K5IK5DDGEL!
5_V68GEL!8E!5D8GM685!
845!M6OGMVM!
MVDF75!FKEDD%
D5F8GEL67!6K560!
]E7VM5<!5_V68GEL!
VDGLI!75LI84!6LJ!
/d:/!M6O!!!!!!!

DGLI75!D7GF5!M6LV67! RV6! K(<!!',&'!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


%! %! %! %!
D5IM5L868GEL!1d:/! :CC<!&,&k[!:;<!),$k!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
68!*'k!XKEM!845! M56L!JGXX<!g"&'!!FM+[!",&*:;<!"+)!FM+!
JGD867!5LJ!EX!845!
X5MVK30!K5IK5DDGEL!
5_V68GEL!8E!5D8GM685!
845!M6OGMVM!
MVDF75!FKEDD%
D5F8GEL67!6K560!
]E7VM5<!5_V68GEL!
VDGLI!75LI84!6LJ!
/d:/!M6O!!!!!!!

** !! !! !! !! !! !! !!
Q$%<2R*9FFE* D7GF5%Z9%D7GF5!M6LV67! RV6!1T>aTAaT2a@Q3! !! Add<!',&&&!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Add<!',&&$!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
I7EZ67!K57G6ZG7G89<! %!
]9C^* D5IM5L868GEL0]E7VM5! dT<!',)k! dT<!',#k!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
","k!
VDGLI!+;!D46P5!!

! (((!
M6LV67!D5IM5L868GEL! ]E7VM5!5KKEK! HG84!"(!D7GF5D0!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
%! %! FEL5!M584EJ!5KKEK! %!
EX!6!K5JVF5J!LVMZ5K! J5FK56D5J!H45L!845! M56L!JGXX<!',$k[! 4GI45K!846L!8468!EX!
EX!D7GF5D0!]E7VM5<! LVMZ5K!EX!6]6G76Z75! ",&*:;<!',$k! 845!d6]67G5KG!6LJ!
FEL5!M584EJ! D7GF5D!GLFK56D5J!XEK! ;S:?!M584EJD!
T>aTA0!T20!@Q0! XKEM!+!8E!""!D7GF5D,!
_V6JKGF5PD!!! d6]67G5KG!M584EJ!
M6LV67!D5IM5L868GEL! HG84!&!D7GF5D!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
%! %! 5KKEK!4GI45K!846L! %!
EX!6!K5JVF5J!LVMZ5K! M56L!JGXX<!',$k[! 8468!EX!845!;S:?!
EX!D7GF5D0!]E7VM5<! ",&*:;<!',&k! M584EJ!XKEM!+!8E!$!
d6]67G5KG!XEKMV76!!!!!!! D7GF5D,!.VMZ5K!EX!
D7GF5D!K5_VGK5J!8E!
K56F4!6!IG]5L!
]E7VM5!5KKEK!
JGXX5K5L8!XEK!845!
JGXX5K5L8!M584EJD,!!
M6LV67!D5IM5L868GEL! HG84!)!D7GF5D!!!!!!!!!!!!!!!!!!!!!!!
%! %! %!
EX!6!K5JVF5J!LVMZ5K! M56L!JGXX<!",'k[!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
EX!D7GF5D0!FVZGF! ",&*:;<!(,+k!
DP7GL5!GL85KPE768GEL!
8E!5D8GM685!MGDDGLI!
d:/D!
M6LV67!D5IM5L868GEL! HG84!$!D7GF5D!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
%! %! %!
EX!6!K5JVF5J!LVMZ5K! M56L!JGXX<!',&k[!
EX!D7GF5D0!]E7VM5<! ",&*:;<!","k!
;S:?!

** !! !! !! !! !! !! !! !!
4$#-<'6*9F..* DGLI75!D7GF5!M6LV67! BU! M56L!]E7VM5! ]E7VM5!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
%! %! %! %!
]AF^**** D5IM5L868GEL!1d:/! F46LI5!Z5XEK5W6X85K! K(<!',#+'!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
M6O30!4VM5KVD! 8K6GLGLI!VDGLI!MV78G! @:C<!#,'k!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
75LI84!1b>3!]E7VM5<! D7GF5!F67FV768GEL<!
5_V68GEL!VDGLI!!d:/! a$,#k!W!VDGLI!MEJ57!
M6O0!4VM5KVD!75LI84! /<!a*,+k!W!VDGLI!
1b>30!U2A!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! MEJ57!d:/M6O<!

! ((+!
DGLI75!D7GF5!M6LV67! a*,-k!W!VDGLI!MEJ57! ]E7VM5!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
%! %! %! %!
D5IM5L868GEL!1d:/! d:/)'k<!a+,+k!W! K(<!',#')!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
M6O30!4VM5KVD! VDGLI!MEJ57! @:C<!#,))k!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
75LI84!1b>3!]E7VM5<! d:/*'k<!a$k!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
5_V68GEL!VDGLI!!d:/!
M6O0!b>!
DGLI75!D7GF5!M6LV67! ]E7VM5!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
%! %! %! %!
D5IM5L868GEL!1d:/! K(<!',#-(!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
)'k30!4VM5KVD! @:Cj$,$k!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
75LI84!1b>3!]E7VM5<!
5_V68GEL!VDGLI!
d:/)'k0!b>!
DGLI75!D7GF5!M6LV67! ]E7VM5!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
%! %! %! %!
D5IM5L868GEL!1d:/! K(<!',#+*!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
*'k30!4VM5KVD! @:C<$,#k!
75LI84!1b>3!]E7VM5<!
5_V68GEL!VDGLI!
d:/*'k0!b>!
!! !! !! !! !! !! !!
!8$%"#58-* D7GF5%Z9%D7GF5!M6LV67! SGK! %! %! 4567849<!Add<! %! %!
9F.B*]B.^* D5IM5L868GEL0! ',&-!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
]E7VM5<!6JJG8GEL!EX! 7EH!Z6FY!P6GL<!
845!]EO57D!6LJ! Add<!',&$!!!!!!!!!!!
MV78GP7GF68GEL!Z9!845!
]EO57!JGM5LDGEL! =72G! %! !! 4567849<!Add<! %! %!
',&&!!!!!!!!!!!!!!!!!!!!!!!
7EH!Z6FY!P6GL<!
Add<!',&#!

=725! %! %! 4567849<!Add<! %! %!
',&#-!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
7EH!Z6FY!P6GL<!
Add<!',#-#!!!!!!
=726! %! %! 4567849<!Add<! %! %!
',&-(!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
7EH!Z6FY!P6GL<!
Add<!',&*&!
** !! !! !! !! !! !! !!

! ((-!
!,2"1<2%5* D7GF5%Z9%D7GF5!M6LV67! Qde!! %! Add<",'!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Add<!',&&!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
AL85KDF6L! %!
9F.F*]B9^* D5IM5L868GEL0! LE!DGILGXGF6L8! LE!DGILGXGF6L8! K57G6ZG7G89<!Add<!
]E7VM5<!MVDF75! JGXX5K5LF5!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
JGXX5K5LF5!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
',&&!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
8GDDV5!6K56!N! M56L!JGXX<! M56L!JGXX<! LE!DGILGXGF6L8!
GL85KD7GF5!JGD86LF5!!!! ',("M7[!:;<! ',-)M7[!:;<! JGXX5K5LF5!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
',(*M7[!dT<! ",'(M7[!dT<! M56L!JGXX<!',($M7[!
',#k! +,+k!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
:;<!",""M7[!dT<!
+,*k!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
:;;<!(,(!M>!
Cde! %! Add<",'!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Add<!',&&!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
AL85KDF6L! %!
LE!DGILGXGF6L8! DGILGXGF6L8! K57G6ZG7G89<!Add<!
JGXX5K5LF5!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
JGXX5K5LF5!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
',&&!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
M56L!JGXX<!% M56L!JGXX<!% LE!DGILGXGF6L8!
','#M7[!:;<! ',#$M7[!:;<! JGXX5K5LF5!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
',+'M7[!dT<! ',&-M7[!dT<! M56L!JGXX<!%',+-M7[!
",#k!! :;<!',)'!M7[!dT<!
),$k!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
+,'k!!!!!!!!!!!!!!!!!!!!!!!!!!
:;;<!",'!M>!!
** !! !! !! !! !! !! !!
!#%'()2%* D7GF5%Z9%D7GF5!M6LV67! =725!! %! LE!DGILGXGF6L8! DGILGXGF6L8! %! %!
9F.9*]B?^* D5IM5L868GEL0! JGXX5K5LF5!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
JGXX5K5LF5!EL!
]E7VM5<!.@! LEL!EP5K685J! ZE84!DGJ5D!!!!!!!!!!!!!!!!!!!!!!!!!!!!
LEL!EP5K685J!
DGJ5!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
M56L!JGXX<! DGJ5!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
',"k[! M56L!JGXX<!
",&*:;<! *,-k[!",&*:;<!
),-k[!dT<! "+,$k[!dT<!
),(k!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
(,'k!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
EP5K685J!DGJ5!!!!!!!!!!!!!!!!!
EP5K685J!DGJ5!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
M56L!JGXX<!% M56L!JGXX<!
',$k[! "',(k[!
",&*:;<! ",&*:;<!
),*k[!dT<! "',(k[!dT<!
-,*k!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
(,-k!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

! (()!
=72G! %! LE!DGILGXGF6L8! DGILGXGF6L8! %! %!
JGXX5K5LF5!!!!!!!!!!!!!!!!!!!
JGXX5K5LF5!EL!
LEL!EP5K685J! ZE84!DGJ5D!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
DGJ5!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
LEL!EP5K685J!
M56L!JGXX<! DGJ5!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
",'k[! M56L!JGXX<!
",&*:;<! ),&k[!",&*:;<!
-,+k[!dT<! ),#k[!dT<!
),(k!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
),(k!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
EP5K685J!DGJ5<!!!!!!!!!!!!!!!!!!!!!!!!!!!!
EP5K685J!DGJ5!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
M56L!JGXX<!% M56L!JGXX<!
(,)k[! ),(k[!",&*:;<!
",&*:;!<! #,'k[!
"(,(k[!dT<! dT<"+,&k!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
"#,#k!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

!?C! %! LE!DGILGXGF6L8! LE!DGILGXGF6L8! %! %!


JGXX5K5LF5!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
JGXX5K5LF5!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
LEL!EP5K685J! LEL!EP5K685J!
DGJ5!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
DGJ5!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
M56L!JGXX<!% M56L!JGXX<!
',"k[! ",$k[!",&*:;<!!
",&*:;<! *,"k[!dT<!
(,*k[!dT<! "-k!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
),$k!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
EP5K685J!DGJ5!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
EP5K685J!DGJ5<!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
M56L!JGXX<!
M56L!JGXX<!% ',#k[!",&*:;<!
',-k[! ),-k[!dT<")k!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
",&*:;<!
+,(k[!dT<!
#,-k!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
** !! !! !! !! !! !! !!

! ((*!
!"<7$++*9FFE* D7GF5%Z9%D7GF5!M6LV67! :20!:B0!UQ:0!UQ>0!:6K0!BQ>0! %! %! QEK!EL5! %! K5FELD8KVF8GE
]B@^* D5IM5L868GEL!1B"! =K60!T>A0!T20!@Q0!=20!=>! DVZf5F8<!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
L!EX!"(!
GM6I5D30!]E7VM5<! M56L!JGXXm*k0! MVDF75D<!"4!
VDGLI!+;!D46P5!! 5OF5P8!XEK!845! 1"(4!H45L!
UQ:0!:6K0!=K6! VDGLI!M6LV67!
1"'k3!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
D7GF5%Z9%D7GF5!
PEGL8!8E!DVKX6F5! D5IM5L868GEL3!
JGD86LF5!
"@2:Cm"MM0!
(@2:Cm+MM,!!!!!!!
;S:?! :20!*!D7GF5D! XEK!(!DVZf5F8D!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Add<!',&&!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
%! %!
M56L!JGXX<!(,"#k0!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
M56L!JGXX<!
PEGL8!8E!DVKX6F5!JGD86LF5!5KKEK<!(,)$MM! ),#k[!(:;<!
),-k!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
PEGL8!8E!
DVKX6F5!
JGD86LF5!
(@2:C<!
(,#MM!
:B0!*!D7GF5D! XEK!(!DVZf5F8D!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Add<!',&*!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
%! %!
M56L!JGXX<!+,))k!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
M56L!JGXX<!
PEGL8!8E!DVKX6F5!JGD86LF5!5KKEK<!+,'*MM! $,)k[!(:;<!
*,)k!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
PEGL8!8E!
DVKX6F5!
JGD86LF5!
(@2:C<!
(,$MM!
UQ>0!*!D7GF5D! XEK!(!DVZf5F8D!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Add<!',&&!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
%! %!
M56L!JGXX<!",(#k!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
M56L!JGXX<!
PEGL8!8E!DVKX6F5!JGD86LF5!5KKEK<!",*'MM! ),&k[!(:;<!
)0*k!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
PEGL8!8E!
DVKX6F5!
JGD86LF5!
(@2:C<!
+,+MM!

! (($!
UQ:0!#!D7GF5D! XEK!(!DVZf5F8D!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Add<!',&*!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
%! %!
M56L!JGXX<!-,"$k!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
M56L!JGXX<!
PEGL8!8E!DVKX6F5!JGD86LF5!5KKEK<!(,-'MM! "',#k[!(:;<!
"',*k!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
PEGL8!8E!
DVKX6F5!
JGD86LF5!
(@2:C<!
(,$MM!

:/@0!$!D7GF5D! XEK!(!DVZf5F8D!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Add<!',&+!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
%! %!
M56L!JGXX<!(,#$k!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
M56L!JGXX<!
PEGL8!8E!DVKX6F5!JGD86LF5!5KKEK<!+,-&MM!! #,-k[!(:;<!
"',&k!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
PEGL8!8E!
DVKX6F5!
JGD86LF5!
(@2:C<!
+,*MM!

BQ>0!*!D7GF5D! XEK!(!DVZf5F8D!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Add<!',&#!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
%! %!
M56L!JGXX<!(,$+k!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
M56L!JGXX<!
PEGL8!8E!DVKX6F5!JGD86LF5!5KKEK<!",(&MM! -,+k[!(:;<!
*,'k!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
PEGL8!8E!
DVKX6F5!
JGD86LF5!
(@2:C<!
+,"MM!
=@/0!$!D7GF5D! XEK!(!DVZf5F8D!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Add<!',&&!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
%! %!
M56L!JGXX<!+,($k!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
M56L!JGXX<!
PEGL8!8E!DVKX6F5!JGD86LF5!5KKEK<!(,)"MM!! #,*k[!(:;<!
)0(k!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
PEGL8!8E!
DVKX6F5!
JGD86LF5!
(@2:C<!
+,"MM!

! ((#!
T>A0!$!D7GF5D! XEK!(!DVZf5F8D!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Add<!',&&!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
%! %!
M56L!JGXX<!+,"(k!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
M56L!JGXX<!
PEGL8!8E!DVKX6F5!JGD86LF5!5KKEK<!-,#&MM!! ",&k[!(:;<!
(,$k!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
PEGL8!8E!
DVKX6F5!
JGD86LF5!
(@2:C<!
),*MM!
T20!$!D7GF5D! XEK!(!DVZf5F8D!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Add<!',&&!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
%! %!
M56L!JGXX<!+,+)k!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
M56L!JGXX<!
PEGL8!8E!DVKX6F5!JGD86LF5!5KKEK<!+,&(MM! +,(k[!(:;<!
+,-k!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
PEGL8!8E!
DVKX6F5!
JGD86LF5!
(@2:C<!
+,$MM!

@Q0!*!D7GF5D! XEK!(!DVZf5F8D!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Add<!',&#!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
%! %!
M56L!JGXX<!',*'k!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
M56L!JGXX<!
PEGL8!8E!DVKX6F5!JGD86LF5!5KKEK<!+,*'MM! -,&k[!(:;<!
-,+k!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
PEGL8!8E!
DVKX6F5!
JGD86LF5!
(@2:C<!
+,-MM!

=20!#!D7GF5D! XEK!(!DVZf5F8D!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Add<!',&*!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
%! %!
M56L!JGXX<!+,(#k!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
M56L!JGXX<!
PEGL8!8E!DVKX6F5!JGD86LF5!5KKEK<!+,+"MM!! ),*k[!(:;<!
#,&k!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
PEGL8!8E!
DVKX6F5!
JGD86LF5!
(@2:C<!
*,+MM!

! ((&!
=>0!*!D7GF5D! XEK!(!DVZf5F8D!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
!Add<!',#*!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
%! %!
M56L!JGXX<!(,'"k!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
M56L!JGXX<<!
PEGL8!8E!DVKX6F5!JGD86LF5!5KKEK<!(,-'MM! $,"k[!(:;<!
"+,&k!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
PEGL8!8E!
DVKX6F5!
JGD86LF5!
(@2:C<!
*,"MM!
** !! !! !! !! !! !! !! !!
/'()-%&*9FF?* D7GF5%Z9%D7GF5!M6LV67! :DPG! K(<!',&&!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
K!(<!',&#!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
K(<!',&$!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
%! !$!MGLV85D!
]9A^* D5IM5L868GEL0! M56L!JGXX<!-k[!:;!+k! dT<!(,)*k! dT<!+,*+k!!
]E7VM5<!!MVDF75!
8GDDV5!6K56!N! :DF6! K(<!',&&!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
K!(<!',&#!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
K(<!',&#!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
%! "+!MGLV85D!
GL85KD7GF5!JGD86LF5!!!! M56L!JGXX!<!+k[!:;!(k! dT<!(,')k!!!! dT<!",$*k!!

ADPGaBMGL! K(<!',&&*!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
K!(<!',&#!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
K(<!',&#!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
%! "(!MGLV85D!
M56L!JGXX<!(k[!:;!(k!! dT<!",&-k! dT<!",#+k!!

** !! !! !! !! !! !! !! !! !!
/%-6;*9FF?* M6LV67!D5IM5L868GEL! RV6! DGILGXGF6L8! XEK!5]5K9!-84!D7GF5D! %! %! %! +W-!EX!8GM5!
]9B^* EX!6!K5JVF5J!LVMZ5K! VLJ5K5D8GM68GEL!EX! 1+,"FM!I6P3!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! I6GL5J!HG84!
EX!D7GF5D0!MVDF75! 2T!XEK!56F4!EX!845! Z6D57GL5!2T!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! 5]5K9!-!D7GF5D!
]E7VM5<!FEL5! 6785KL68G]5! M56L!JGXX<!(+FM+0! D5IM5L868GEL!
M584EJ!! M56DVK5D0!756D8!XEK! (:;<!",$k!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
2T(!6LJ!IK5685D8! 2T!F46LI5!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
XEK!2T"',!!!!!!!!!!!!!!!!!!!!!!!!!
DGILGXGF6L8!
VLJ5K5D8GM68GEL!EX!
F46LI5!EX!2T!Z9!
M584EJ!VDGLI!5]5K9!
#84W!"'84!D5F8GEL!

M56L!JGXX<!',()FM+0!
(:;<!"*,-k!

! (+'!
DGLI75!D7GF5!M6LV67! Z6D57GL5!2T!!!!!!!!!!!!!!!!!!!!!!! %! %! %! %!
D5IM5L868GEL! K(<!',&*!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
1d:/M6O30!]E7VM5<! (:CC<!"-,"k!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
VLG]6KG685!K5IK5DDGEL! 2T!F46LI5!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
K(<!',$-!!!!!!!!!!!!!!!!!!!!!!!!!!
(:CC<!)&,$k!
** !! !! !! !! !! !! !!
S-12(&'(* D7GF5%Z9%D7GF5!M6LV67! @/!!!!!!!!!!!!!!!!!!!!!!! %! %! Add<!',$$!!!!!!!!!!!!!%! %!
9F.A*]@A^* D5IM5L868GEL0! M56L!JGXX<!(k[!
]E7VM5<!MVDF75! (:;<!+k!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
8GDDV5!6K56!N!
GL85KD7GF5!JGD86LF5!!! SD! %! %! Add<!',&(!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
%! %!
M56L!JGXX<!
',)k[!(:;<!+k!!

2! %! %! Add<!',)&!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
%! %!
M56L!JGXX<!%-k[!
(:;<!)k!!

C:!!! %! %! Add<!',&+!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
%! %!
M56L!JGXX<!"k[!
(:;<!(k!!

2C:! %! %! Add<!',&'-! %! %!
** !! !! !! !! !! !! !!
S-(,267212(* DGLI75!D7GF5!M6LV67! =2! K(<!',&&#!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! %! %! %! !! %!
9F.C*]A.^* D5IM5L868GEL! :CC<!),+k!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
1d:/M6O3!!MVDF75!
75LI84!12>3! :?>! K(<!',&&+!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! %! %! %! !! %!
EZ86GL5J!VDGLI!XV77! :CC<!#,&k!!
MVDF75!
K5FELD8KVF8GEL!6LJ! B/! K(<!',&&-!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! %! %! %! !! %!
XEKM!X6F8EK!1QQ30! :CC<!#,$k!!
]E7VM5<!11d:/M6ON!
2>3%?XXD583NQQ! @Q!! K(<!',&##!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! %! %! %! !! %!
:CC<!-,#k!!

:2! K(<!',&&*!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! %! %! %! !! %!
:CC<!*,)k!!

! (+"!
:B! K(<!',&&-!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! %! %! %! !! %!
:CC<!&,'k!!

** !! !! !! !! !! !! !! !!
T-,-"67'* DGLI75!D7GF5!M6LV67! @Q! .E!DGILGXGF6L8! :CC<!"(,)k! %! %! %! !! %!
9F.C*]9D^* D5IM5L868GEL!1d:/D! JGXX5K5LF5!Z58H55L!
68!*'k!EX!845! M56DVK5J!6LJ!
X5MEK67! T>! 5D8GM685J!2TD! :CC<!$,"k! %! %! %! !! %!
75LI8430X5MEK67! TA! :CC<!$,)k! %! %! %! !! %!
75LI84!1Q>30!]E7VM5<!
K5IK5DDGEL!5_V68GELD! T2! :CC<!#,"k! %! %! %! !! %!
H4GF4!]6KG5J!XEK!
56F4!MVDF75!!! UQ:! :CC<!"-,-k! %! %! %! !! %!
UQ>! :CC<!$,(k! %! %! %! !! %!
:B! :CC<!"',&k! %! %! %! !! %!
:2! :CC<!"+,&k! %! %! %! !! %!
VD5!EX!MVDF75! @Q! .E!DGILGXGF6L8! :CC<!(",#k! %! %! %! !! %!
84GFYL5DD!68!)'k!EX! JGXX5K5LF5!Z58H55L!
845!X5MVK!6LJ! M56DVK5J!6LJ!
X5MEK67!75LI84!1Q>30! 5D8GM685J!2TD!
]E7VM5<!K5IK5DDGEL!
5_V68GELD!H4GF4!
]6KG5J!XEK!56F4!
MVDF75! T>! :CC<!"+,'k! %! %! %! !! %!
TA! :CC<!"),)k! %! %! %! !! %!
T2! :CC<!"#,*k! %! %! %! !! %!

!
Add<!GL8K6F76DD!FEKK5768GEL!FE5XXGFG5L80!M56L!JGXX<!M56L!JGXX5K5LF50!:;<!D86LJ6KJ!J5]G68GEL0!dT<!FE5XXGFG5L8!EX!]6KG68GEL0!:;;<!DM6775D8!J585F86Z75!
JGXX5K5LF50!@2:C<!KEE8!M56L!D_V6K5!5KKEK0!:CC<!D86LJ6KJ!5KKEK!EX!845!5D8GM6850!;:A<!;GF5!DGMG76KG89!GLJ5O0!M56L!DVKX!;<!M56L!DVKX6F5!JGD86LF50!
M6O!DVKX!;<!M6OGM67!DVKX6F5!JGD86LF50!Bd<!B6LLGME8E!FE5XXGFG5L80!Q.TQ<!X67D5!L5I68G]5!]E7VM5!XK6F8GEL0!QSTQ<!X67D5!PEDG8G]5!]E7VM5!XK6F8GEL0!
2T:Q<!MVDF75!]E7VM5!DGMG76KG89!XK6F8GEL!
@Q<!K5F8VD!X5MEKGD0!TA<!]6D8VD!GL85KM5JGVD0!T><!]6D8VD!7685K67GD0!T2!<!]68DVD!M5JG67GD0!RV6!<!_V6JKGF5PD0!SGK!<!SGKGXEKMGD0!=72G!<!=7V85VD!
2GLGMVD0!=725!<!=7V85VD!25JGVD0!=726!<!=7V85VD!26OGMVD0!Qde<!X75OEK!F6KPG!V7L6KGD0!Cde<!5O85LDEK!F6KPG!V7L6KGD0!:DPG<!:VPK6DPGL68VD0!:DF6<!
:VZDF6PV76KGD0!ADPGaBMGL<!ALXK6DPGL68VD!6LJ!B5K5D!MGLEK0!C:<!CK5F8EK!:PGL650!2<!MV78GXGJVD0!@/<!K5F8VD!6ZJEMGLGD0!SD<!SDE6D0!:6K<!:6K8EKGVD0!
=K6<!=K6FG7GD0!/JJ2<!/JJVF8EK!26ILVD0!/JJ!><!/JJVF8EK!7ELIVD0!UQ><!UGF5PD!Q5MEKGD!>ELI!456J0!UQ:<!UGF5PD!Q5MEKGD!:4EK8!456J0!:B<!:5MG!

! (+(!
B5LJGLEDVD0!:2<!:5MG!25MZK6LEDVD0!=><!=6D8KEFL5MGVD!>685K67GD0!=2<!=6D8KEFL5MGVD!25JG67GD0!:EaQb><!:E75VD!6LJ!X75OEK!4677VFGD!7ELIVD0!
BS<!BGZG67GD!SED85KGEK0!Q;><!X75OEK!JGIG8EKVM!7ELIVD0!S5K!>UB<!S5KEL5VD!1>ELIVD0!UK5]GD0!B5K8GVD30!B/aC;>aCb><!8GZG67GD!6L85KGEK!6LJ!5O85LDEK!
JGIG8EKVM!7ELIVD!6LJ!5O85LDEK!4677VFGD!7ELIVD0!:E<!:E75VD0!B:<!8KGF5PD!DVK650!!BU<!8KGF5PD!ZK6F4GG0!B/<!BGZG67GD!/L85KGEK0!T>2A<!T6D8VD!>685K67GD!
6LJ!25JGVD!6LJ!AL85KM5JGVD0!BQ><!85LDEK!Q6DFG6!>6860!/JJ!U>2<!6JJVF8EK!1ZK5]GD0!7ELIVD0!M6ILVD30!A7<!A7G6FVD!0!?Z7<!?Z7G_VVD!18K6LD]5KDVD!
6ZJEMGLGD0!GL85KLVD!6LJ!5O85KLVD!EZ7G_VVD30!R><!RV6JK68VD!>VMZEKVM0!T>A<!T6D8VD!>685K67GD!6LJ!AL85KM5JGVD!8EI5845K0!T>2A<!T6D8VD!>685K67GD!
6LJ!25JG67GD!6LJ!AL85KM5JGVD0!UQ<!UGF5PD!Q5MEKGD0!:2B<!:5MG!25MZK6LEDVD!6LJ!B5LJGLEDGD0!C:2!<!5K5F8EK!DPGL65!6LJ!MV78GXGJVD0!SB<!
PKEL68EK!85K5D0!Cd@U!<!CO85LDEK!d6KPG!@6JG67GD!UK5]GD0!CS>!<!CO85LDEK!SE77GFGD!>ELIVD0!UK!<!UK6F4GEK6JG67GD

! (++!
!"#$%&'()#*%'+,+-.#%/,#0('+%&+'+-.#12#-3(#%0-+4'(5#+/4'6,(,#
!
*%'+,+-.# +/-0%#0%-(0#0('+%&+'+-.# +/-0%#0%-(0#0('+%&+'+-.# 4178%0+51/#
&(-9((/#
7(-31,5#
5'+4(:&.:5'+4(# %&'()*+!",,#!-"./0!! %&'()*+!",,#!-"./0! %&'()*+!",,#-"./0! E4'6!",,"!-$>/!
;!<# 1234563*7!",8,!-9"/0! 1234563*7!",8,!-9"/0!
5(=7(/-%-+1/# 1:*&'(3*!",8"!-9#/0! 1:*&'(3*!",8"!-9#/0!
;<*63=!",,>!-"?/! @)*'<4&'!",8$!-$9/0!
A)53'+&'!",8.!-$./0!
1B<*4:7B)!",89!-98/0!
146C<DD!",,>!-9$/0!
;<*63=!",,>!-"?/!
5(=7(/-%-+1/# ;<*63=!",,>!-"?/0!%*)FG! I)*F<'!",8.!->/0!E4'6! E4'6!",,"!-$>/!
12#;!<#+/#%# ",,#!-"9/0!@)*'<4&'!",8.! ",,"!-$>/!
0(,64(,# -$?/0!E4'6!",,"!-$>/0!
/67&(0#12# @35)HG!",88!-../!
5'+4(>5?#
65+/=#;!<# J5K*)FC+!",,L!-."/0! O! O!
5(=7(/-%-+1/# J2)K&53!",89!-.#/0!
1/#%#5+/='(# I3*72)''!",8$!-.?/0!
5'+4(#%/,# I3*72)''!",8.!-.L/0!
7654'(# A)'23FC353'!",8?!-.8/0!
'(/=-3## M<:)6&F!",88!-.,/0!I<*73!
",,?!-9,/0!N)2)4FC&!
",8?!-"L/!!
5(=7(/-%-+1/# I)*F<'!",8.!->/0!%*)FG! E3C+&'3'!",,#!-.9/! E3C+&'3'!",,#!-.9/!
1/#%#5+/='(# ",,#!-"9/0!E3C+&'3'!",,#!
5'+4(# -.9/!
@A!B# 146C<DD!",,>!-9$/0! 146C<DD!",,>!-9$/0! I<)5!",8$!-.>/!
7(-31,# ;<*63=!",,>!-"?/0! I<)5!",8$!-.>/!
J2)K&53!",89!-.#/0!I<)5!
",8$!-.>/0!!P<5&H3+!",8$!
-9L/!
<6-17%-+4# Q'(7+*<2!",88!-9?/0!
5(=7(/-%-+1/# J'6*3R7!",8.!-9./0!E3!
7(-31,5# %*<+3*!",89!-$L/0!S&2!
",8?!-">/!
!

! "#$!
A6&7(,#C#D(,'+/(#!(%043#!-0+/=E#@(4(7&(0#FGE#FHIJ)#
#
TTTTTTTTTTTIUVW-%3X+!Y<*6/Z![U!2)('3+&F!*37<')'F3!&2)(&'(-I31\!%3*27/ZZ!J;]!
TTTT^247F537^-I31\!%3*27/Z![U!^247F530!7B353+)5^-I31\!%3*27/ZZ![U!TT247F53W-%3X+!
Y<*6/Z![U!247F45W-%3X+!Y<*6/ZZZZ!J;]!TTTT^2<63570!)')+<2&F^-I31\!%3*27/Z![U!^<*()'!
7&=3^-I31\!%3*27/ZZ![U!TTTTTTH<542W-%3X+!Y<*6/Z![U!F*<77!73F+&<')5!)*3)-%3X+!Y<*6/Z![U!
+C*33O6&23'7&<'W-%3X+!Y<*6/Z![U!#]-%3X+!Y<*6/Z![U!7C):3-%3X+!Y<*6/Z![U!
73(23'+)+&<'-%3X+!Y<*6/ZZZZ!J;]!TTTTT^*3:*<64F&K&5&+G!<D!*3745+7^-I31\!%3*27/Z![U!^6)+)!
)FF4*)FG^-I31\!%3*27/ZZ![U!TTTTTTT*35&)K&5&+G-%3X+!Y<*6/Z![U!*3:*<64F&K&5&+G-%3X+!Y<*6/Z!
[U!H)5&6&+G-%3X+!Y<*6/Z![U!*3:3)+)K&5&+G-%3X+!Y<*6/Z![U!)FF4*)FG-%3X+!Y<*6/Z![U!
23)74*W-%3X+!Y<*6/Z![U!23+*<5<(&FW-%3X+!Y<*6/ZZ![U!^H)5&6)+&<'!7+46&37^-M4K5&F)+&<'!
%G:3/ZZZ!;[%!2G<F)*6W-%3X+!Y<*6/Z!;[%!F)*6&)W-%3X+!Y<*6/Z!;[%!F)*6&<5W-%3X+!Y<*6/!
#
;1430%/(#K+&0%0.#5(%043#5-0+/=E#@(4(7&(0#LHE#FHIJ#
#
TT^IUV^![U!^2)('3+&F!*37<')'F3!&2)(&'(^Z!J;]!T^247F53^![U!^7B353+)5!247F53^![U!
^247F45W^!Z!J;]!T^H<542W^![U!^F*<77!73F+&<')5!)*3)^![U!^+C*33!6&23'7&<'W^![U!^#]^![U!
^7C):3^![U!^73(23'+)+&<'^![U!^<*()'!7&=3^Z!J;]!T^*35&)K&5&+G^![U!^*3:*<64F&K&5&+G^![U!
^*3:3)+)K&5&+G^![U!^H)5&6&+G^![U!^)FF4*)FG^![U!^23)74*W^![U!^23+*<5<(&FW^![U!^H)5&6)+&<'!
7+46W^ZZ!&'!)55!1+46&37!
!
M(&#12#!4+(/4(#!(%043#5-0+/=E#@(4(7&(0#FNE#FHIJ#
!
T%1!_!TTT`IUVa!<*!`2)('3+&F!*37<')'F3!&2)(&'(aZ!J;]!T`247F53a![U!`7B353+)5!247F53a![U!
`247F45WaZ!J;]!T`H<542Wa![U!`F*<77!73F+&<')5!)*3)a![U!`+C*33O6&23'7&<'Wa![U!`#]a![U!
`7C):3a![U!`73(23'+)+&<'a![U!`<*()'!7&=3aZ!J;]!T^*35&)K&5&+G^![U!^*3:*<64F&K&5&+G^![U!
^*3:3)+)K&5&+G^![U!^H)5&6&+G^![U!^)FF4*)FG^![U!^23)74*W^![U!^23+*<5<(&FW^![U!^H)5&6)+&<'!
7+46W^ZZ!;[%!T`F)*6&<5Wa!<*!`F)*6&)WaZZ!!"#!@B;ODPQ$#$RAP!)!TJ*+&F53Z!
!
!
#
!41865#5(%043#5-0+/=E#S%/6%0.#FE#FHIT#
#
T!%V%EQOJ@1OSQN!!T!T!^IUV^![U!`2)('3+&F!*37<')'F3!&2)(&'(a!Z!J;]!T!^247F53^![U!
^7B353+)5!247F53^![U!^247F45W^!Z!J;]!T`H<542Wa![U!`F*<77!73F+&<')5!)*3)a![U!`+C*33O
6&23'7&<'Wa![U!`#]a![U!`7C):3a![U!`73(23'+)+&<'a![U!`<*()'!7&=3aZ!J;]!T!^*35&)K&5&+G^!
[U!^*3:*<64F&K&5&+G^![U!^*3:3)+)K&5&+G^![U!^H)5&6&+G^![U!`)FF4*)FGa![U!`23)74*Wa![U!
`23+*<5<(&FWa![U!`H)5&6)+&<'!7+46WZ!Z!Z!!J;]!;[%!%V%EQOJ@1OSQN!T!^F)*6&<5W^![U!
`F)*6&)Wa!Z!Z!J;]!!T!EVIV%O%[!T!1Ub%NMQ!0!!$%$!Z!Z!#
!

! "#.!
!""#$#%&%'%(#)*+,-%.#/010%2)+,3*3456)*%*#)/"5"4%+/)"07#/)85*5+-%

3"%0,31*9#/%:106*#%;<=%0#4:#"+)+53"%105"4%>##2%63".3*1+53")*%

#"639#/?9#639#/0%

b3+!)*+&F53!37+!3'!:*c:)*)+&<'!:<4*!4'3!7<42&77&<'!6)'7!5)!*3H43!VQQQ!%@IQ!
!
!
!
!
!

! "#9!
!
!
!
!

! "#?!
!
!
!

! "#L!
!
!
!
!
!

! "#>!
!
!

! "$,!
!

! "$8!
!
!

! "$"!
!
!

! "$#!
!
!

! "$$!
!

! "$.!
!
!
!

! "$9!
!

!""#$#%&'%()**+,-."/%."0+,12-.+"%2,-.34#%&%

!! !! %&'!()*+! !! ,-./0)+! !! !! %1(2340)+! !! ./4.+50! !! %((2340)+! !!


!! !! 67! <=! >! 67! <=! >! 67! <=! >! 67!869::;! =! >! 67! <=! >!
869::;! 869::;! 869::;! 869:";! 869::;! 869:";! 869:";! 869::;! 869::;!
54%&4!%+?-.! !! !! !! !! !! !! !! !! !! !! !! !! !! !! !! !!
*&054! ,-@./4! @"AB! @CAD! !! EAF! :AG! !! @:GAB! @:DAG! !! :AG! @"A$! !! @"BAG! @:CAG! !!
!! !&%(@2-+%&! @$AF! @CA#! !! @:A#! @BA"! !! @#A:! @CAD! !! @"AD! @DA:! H! @GAD! @GAG! !!
0+3-0+%40)+!
.-1)*! ,-!./4! ":A:! :$AD! !! :EAC! :FAF! $AF! :$A:! H! :EAB! :#A#! !! EAD! $A"! !!
!! >&)@ :EBA"! D#AG! !! CGAB! CCAE! "CAF! :$A"! !! CBAB! C:A:! !! GCAF! $:AB! !!
52>0+%40)+!

?-.+)! >-%+.!),! BAB! CAG! !! CA"! $AB! !! CAB! ::A:! !! CAF! :EA"! !! @:BAF! @":A:! !!
I2'.&%-! .-.J%40)+!
.-.J%40)+! @:FAC! @:"A#! !! @DAG! @:EAD! !! @$A#! @CAC! !! @:"AB! @:GAC! !! @FBAF! @#:AG! !!
%/0%-! @F:AF! @":A"! H! @"FAE! @:"AG! H! @GFAF! @FEAE! H! @"GAC! @"EAF! !! @B$AE! @BEAD! !!
K)4%40)+!

5I)2-(.&! >-%+.!),! @:AG! :A#! !! @"AF! @EA:! !! @FAE! "AB! !! @FAE! FA$! !! @"FAD! @":AB! !!
84I)&%3)! .-.J%40)+!
I2'.&%-;!
.-.J%40)+! @::AG! @DAB! !! @:EA$! @CAB! !! @CAE! @GA:! !! @:"AE! @DAD! !! @GFAC! @GDA"! !!
%/0%-! "AE! :GAD! H! @EAC! DAE! H! @:DAG! @BA:! H! FAF! :GA#! H! @GDAC! @GDA:! !!
K)4%40)+!

53%>2-%! %+4@>)54!40-4! @:#AC! @:FA#! !! @:BAG! @:"AD! !! @:BA:! @:#AG! H! @:BAD! @:FA#! !! @:EAC! @:AD! H!

'.(@-%4! #A#! FA#! !! :AG! FAE! :AG! "AG! !! "A$! #AB! !! @:#AD! @:$AF! !!
&)4%40)+!

! "#$!
>&)@!!!! FEA#! F#AG! !! "BAD! "CA:! !! :DAE! "CA$! !! "GAD! F"AG! !! FAF! :A$! !!
&.4&%340)+!
4&2+L! ,-@./4! GA#! $AC! !! FA#! BA#! @EA#! GAE! !! FA"! DAG! !! :A"! FA:! !!
-%4!40-4! @EAC! @"AE! !! EA$! :AE! !! EAD! :A"! !! @EA"! :AF! !! @:FAF! :"AF! HHHH!
&)4%40)+! :A$! #AG! !! FAF! @"AD! HH! @EA$! EAC! !! "AF! @:A:! !! @:#A:! ::AC! HH!
MNO!%+?-.! !! !! !! !! !! !! !! !! !! !! !! !! !! !! !! !!
*&054! ,-@./4! !! !! @:FA#! @::AB! !! @:GAG! @:#A:! !! :CAE! :FAD! !! @"FAB! @""A#! !!
!! !&%(@2-+%&! !! !! @GAB! @$A$! !! EAB! @$A:! !! :AC! @#AD! !! @#AE! @BAG! !!
0+3-0+%40)+!
.-1)*! ,-!./4! !! !! :GAC! ":AE! !! ::A$! ":A:! !! :AG! GAG! !! F:A:! FDAF! !!
!! >&)@ !! !! #CA$! BFA:! !! C:AB! $FAC! !! ::"AF! :ECA$! !! GCAD! B:AF! !!
52>0+%40)+!
?-.+)! >-%+.!),! !! !! ::AD! :"A#! !! :EA$! #A:! !! @"$AE! @F"AD! !! GDA:! G"AD! !!
I2'.&%-! .-.J%40)+!
.-.J%40)+! !! !! @DDAB! @:EGAB! !! @:EGAB! @D$A:! !! @::AC! @:"AF! !! @#CAB! @#FAB! !!
%/0%-! !! !! @B"AF! @$:A$! !! @GEAD! @B#A$! !! @FEAC! @"FA$! !! @#CA#! @FGAC! !!
K)4%40)+!
5I)2-(.&! >-%+.!),! !! !! ":AF! "EAE! !! "$AC! ""AE! !! @GEAC! @#DAC! !! G$A:! BEA$! !!
84I)&%3)! .-.J%40)+!
I2'.&%-;!
.-.J%40)+! !! !! @:##AC! @:#FA"! !! @:#CA#! @:#GAC! !! @FGAB! @"DAE! !! GEAD! FCAB! !!
%/0%-! !! !! @DFAB! @DFAF! !! @CDAC! @CBAE! !! :AE! "AG! !! D$AG! DEAF! !!
K)4%40)+!
53%>2-%! %+4@>)54!40-4! !! !! :GAD! :GAB! !! $A"! :AF! !! @"DA$! @""A"! H! @":AG! @:"AG! !!

'.(@-%4! !! !! @#BA:! @FCA"! !! @#:AG! @F:A$! !! :AF! FAD! !! @FFAE! @FEA#! !!


&)4%40)+!
>&)@!!!! !! !! ":AE! ::A$! H! F:AC! "GA$! HH! :#AE! :"A:! !! BCAE! BFA#! !!
&.4&%340)+!
4&2+L! ,-@./4! !! !! @:FAC! @CAD! @:EA#! @GAE! !! :GAF! :BA:! !! @BAB! @#AC! !!
-%4!40-4! !! !! @DA#! DAG! HHHH! @:#A$! :"AC! HHHH! @$AE! #A$! HHH! @FAD! #AD! HHH!

! "#C!
&)4%40)+! !! !! "A"$! @"AB! !! @FA#! FA"! HH! @:$AC! :FA"! HHHH! FGA#! @:DA$! HHHH!
KPQ!%+?-.! !! !! !! !! !! !! !! !! !! !! !! !! !! !! !! !!
*&054! ,-@./4! !! !! :CA#! :BAE! !! ::AF! ::AF! !! ":AE! :CA#! !! :GA$! :GA:! !!
!! !&%(@2-+%&! !! !! CA$! GA#! H! $A:! $A:! !! :EAF! BAE! !! BAF! BA:! !!
0+3-0+%40)+!
.-1)*! ,-!./4! !! !! :BA"! :BAF! !! :FAB! :FAB! !! :FAD! :"AB! !! F#A:! FBA#! !!
!! >&)@ !! !! FDAE! "DAE! H! G$A$! G$A$! !! F#A#! FEA"! !! "FAB! "BA:! !!
52>0+%40)+!
?-.+)! >-%+.!),! !! !! "GA"! "BA:! !! FEAC! :DAG! !! FBA:! #FAF! !! $GAC! $#A$! !!
I2'.&%-! .-.J%40)+!
.-.J%40)+! !! !! DEAD! DBAB! !! DCA#! D:AG! !! :"A:! :#AB! !! F"AG! "FAE! H!
%/0%-! !! !! #GA:! B:AB! HH! "$AB! #FA$! !! :#A:! ::A$! !! "$AB! FEAE! !!
K)4%40)+!
5I)2-(.&! >-%+.!),! !! !! B#AE! B"A#! !! F#AB! F#AB! !! #$AC! GFAB! !! DDAD! D$AE! !!
84I)&%3)! .-.J%40)+!
I2'.&%-;!
.-.J%40)+! !! !! :FBA"! :FBAB! !! :#EA#! :#EA#! !! "$A$! "FAE! !! :"GA$! ::GAE! !!
%/0%-! !! !! :EEA"! :ECAF! !! $:A:! $:A:! !! :DAE! "EA:! !! :B#AF! :GGAD! !!
K)4%40)+!
53%>2-%! %+4@>)54!40-4! !! !! F#A"! FEA$! !! "GAC! :CAC! !! :#A:! ::A:! !! :GA$! :BA"! !!

'.(@-%4! !! !! #CA:! #"A:! !! ##AE! F#A$! !! CAB! CA$! !! ":A:! :BA:! !!


&)4%40)+!
>&)@!!!! !! !! ""AC! "BAC! !! :$AF! :BAB! !! :#AG! ":AE! HH! BGA$! B"A$! !!
&.4&%340)+!
4&2+L! ,-@./4! !! !! :$AC! :GAC! !! :ERB! :ERG! !! :FAE! $A#! H! ::A#! DA:! !!
-%4!40-4! !! !! ::AF! DA#! !! :BRG! :"RG! H! CAG! GA$! !! :"AC! CAD! !!
&)4%40)+! !! !! !! ::A"! CA"! !! $R"! BRD! !! ":A:! :#AC! !! GBAF! F"A"! HH!

! "#D!
!
!! !! ./4.&+%-!&)4%40)+! KNS! !! !! TNU! !! !! TNT! !! !!
!! !! 67!869::;! <=! >! 67! <=! >! 67! <=! >! 67! <=! >!
869:";! 869::;! 869:";! 869::;! 869:E;! 869::;! 869::;!
54%&4!%+?-.! !! !! !! !! !! !! !! !! !! !! !! !! !!
*&054! ,-@./4! :DA$! ::A:! !! @BA$! @$A#! !! @CA:! @"A#! !! @FA$! @GAB! !!
!! !&%(@2-+%&! @DA#! @:CA#! H! @BAE! @:EA"! !! @BAD! @:EAC! !! @BA$! @::A"! !!
0+3-0+%40)+!
.-1)*! ,-!./4! DEA"! C:AB! !! ":A"! F#AF! !! ""AE! :CA#! !! ""A$! "EAE! !!
!! >&)@ ::EAG! ::CAC! !! :EFA#! :EGA:! !! :EFA$! DGAE! !! :E#AC! DBAD! !!
52>0+%40)+!
ST! >-%+.!),! @"#A:! @"CAF! !! BAD! ::AD! !! BAG! DAF! !! CA:! CA"! !!
.-.J%40)+!
.-.J%40)+! @##A:! @#CA#! !! @:"AF! @:#AE! !! @::A:! @:FAF! !! @::AB! @:FA"! !!
%/0%-! @:CA"! @::A$! !! @FEA$! @"GAE! !! @"CA$! @"FA"! !! @"CA"! @":A$! !!
K)4%40)+!
5I)2-(.&! >-%+.!),! @$A#! @:"A:! !! @FAE! BAB! H! @FAF! "AB! !! @"AD! :AE! !!
84I)&%3)! .-.J%40)+!
I2'.&%-;!
.-.J%40)+! @$"AF! @$:AB! !! @:EAB! @DA#! !! @::AF! @DAB! !! @::A"! @DAF! !!
%/0%-! :BAC! :DAB! !! :AD! DAF! !! :A$! $A"! !! "A"! CA$! !!
K)4%40)+!
53%>2-%! %+4@>)54!40-4! @"#AE! @:CAG! !! @:GAB! @:"AE! !! @:BA:! @:"AE! !! @:BAB! @:"A#! !!

'.(@-%4! @:EA:! @GAD! !! #A#! "A:! !! "A:! FAE! !! "A$! #AE! !!


&)4%40)+!
>&)@!!!! F#A#! FEAB! !! "DAC! F:AD! !! "CAE! "CA:! !! "$A#! "CAE! !!
&.4&%340)+!
4&2+L! ,-@./4! BA$! BA#! !! GAG! DAF! !! #AC! :EAF! !! #AB! CA"! !!
-%4!40-4! @DA:! :EA#! HHHH! @EAF! "AG! H! @EA#! EA$! !! @EAG! "AE! H!
&)4%40)+! EAF! @"AE! !! EAC! @#A:! H! "AF! @FAE! !! "AE! @FAF! H!

! "GE!
MNO!%+?-.! !! !! !! !! !! !! !! !! !! !! !! !! !!
*&054! ,-@./4! @#$AB! @#GAG! !! @""A"! @"FAD! !! @:EAB! @GA$! !! @"A"! @#AE! !!
!! !&%(@2-+%&! @:FA:! @:$A:! !! @:DA:! @:CAG! !! @DA$! @:#A#! H! @:FAF! @:"A#! !!
0+3-0+%40)+!
.-1)*! ,-!./4! :EFAD! D:AB! !! GGAG! #BA#! !! ::CAF! :"GA"! H! ::CA$! :":AD! !!
!! >&)@ D:A$! CCAE! !! D#A"! DCA#! !! #GAB! GEAF! !! FBA:! FDAB! !!
52>0+%40)+!

ST! >-%+.!),! :A"! @$A#! H! FEA#! F:A:! !! GEA#! #"A"! 4&.+(! ":A"! :$A$! !!
.-.J%40)+!
.-.J%40)+! @FDA:! @#:AF! !! @FBA$! @#:A"! !! @"GAD! @FEAC! !! @$EAD! @BCA#! !!
%/0%-! @$DAF! @BGA"! HH! @#"AG! @#FA#! !! @:GAC! @:BAB! !! @$FA$! @BBAB! !!
K)4%40)+!

5I)2-(.&! >-%+.!),! :EAE! "AC! H! FCAB! #CAF! H! G"A"! GFAB! !! ##AE! FBAC! !!
84I)&%3)! .-.J%40)+!
I2'.&%-;!
.-.J%40)+! @B$AB! @BDAE! !! @:GAF! @"EAC! !! :BA"! "GAD! H! @::FAD! @:E$AB! !!
%/0%-! @CEA"! @$FA#! !! :EA"! $A#! !! $EAE! GEAG! 4&.+(! @CEAC! @$DAE! !!
K)4%40)+!

53%>2-%! %+4@>)54!40-4! #AD! :FA"! H! @:#AG! @:EAD! !! @:GAC! @CAG! !! @FA"! #AB! !!

'.(@-%4! @"$AD! @"$AD! !! @#AG! @DAF! !! @"FA#! @:CAE! !! @FCA"! @F"A#! !!


&)4%40)+!
>&)@!!!! GAB! EA#! !! #"AC! ##A:! !! GFA"! #GA:! !! "GAB! ""AF! !!
&.4&%340)+!
4&2+L! ,-@./4! @$A#! @GAF! !! GAF! DA"! !! "AD! $AG! !! @:AG! :AG! !!
-%4!40-4! @CA#! DA$! HHHH! EA:! EA:! H! EA"! EA$! !! @FAC! GAF! HHHH!
&)4%40)+! @BAF! FAC! HHH! ::A$! ::A$! HHHH! CAE! @"A:! HHH! :AB! @"A#! !!
KPQ!%+?-.! !! !! !! !! !! !! !! !! !! !! !! !! !!
*&054! ,-@./4! $:A#! GCA$! !! F"AE! F$A#! !! "CA:! "DAG! !! "CA"! F:AF! !!
!! !&%(@2-+%&! ::A$! $AE! !! :BA$! :FA"! !! :EAB! CA"! !! :FAB! :FA:! !!
0+3-0+%40)+!

! "G:!
.-1)*! ,-!./4! "GAC! "EA#! !! B:AC! B#A"! !! :EEA#! :ECAD! !! DDA"! :E$A"! !!
!! >&)@ #EAB! FGAG! !! "CAF! "$A"! !! BEAG! #DA#! !! $"A#! B"A:! !!
52>0+%40)+!
ST! >-%+.!),! "BAF! ":AB! !! "BAB! "#AG! !! ##A$! F#A"! HH! :$A#! :CAB! !!
.-.J%40)+!
.-.J%40)+! ::A#! :FAE! !! "BAF! "DAC! !! "#AF! "FAE! !! GDAB! GBA:! !!
%/0%-! B:AC! GFAC! !! :#AC! ""A:! H! ""AG! :CA:! !! #BAG! #BA"! !!
K)4%40)+!
5I)2-(.&! >-%+.!),! :DA#! :BA$! !! #GAE! #BAF! !! GCAE! GFA"! !! #DAF! #"A"! !!
84I)&%3)! .-.J%40)+!
I2'.&%-;!
.-.J%40)+! :EAB! CAD! !! :#A:! :DA:! !! FCAF! "GAD! H! :EFAB! DDAF! !!
%/0%-! D$A:! DFA:! !! "EAB! "#AF! !! $#AD! GFAG! HH! C#AB! CDAE! !!
K)4%40)+!
53%>2-%! %+4@>)54!40-4! "DA#! F"A:! !! #A"! BAE! H! $A$! @CAG! !! :GAE! :CAE! !!

'.(@-%4! "EA:! "FAE! !! :EAC! :FA"! !! "BA"! @:CAE! !! #:AD! F$A$! !!


&)4%40)+!
>&)@!!!! "DAF! FEAC! !! :GA:! :GAB! !! "$AE! #GA:! !! ::AE! ::AD! !!
&.4&%340)+!
4&2+L! ,-@./4! :#AC! :"A:! !! "AG! "AB! !! FAE! !"#$ !! BA#! BAD! !!
-%4!40-4! #A#! FA:! !! "A:! :AD! !! "A#! %"&$ !! #AF! FAD! !!
&)4%40)+! $A$! BA#! !! ::A#! CAF! H! $AC! #"'$ H! #AE! #AE! !!

!
!""#$%&'()(*(+#,$(-.(/0#(%&123#/#(4-&$/(,$56#1(-.(/0#($-$(%-7&$,$/(1&%#(-.(/8"&2,668(%#9#6-""&$5(20&6%3#$(,$%(:$&7",&3#%(1&%#(-.(
20&6%3#$(;&/0(<=>>((
67!V!+)+!()'0+%+4A!6!V!+2'1.&!),!3I0-(&.+A!<=!V!2+0'>%0&.(!
W-@./4!V!,-./0)+!./4.+50)+A!>&)@52>0+%40)+!V!>&)+%40)+@52>0+%40)+A!%+4@>)54!40-4!V!%+4.&0)@>)54.&0)&!40-4A!'.(@-%4!&)4%40)+!V!'.(0%-@'%4.&%-!&)4%40)+A!>&)@&.4&%340)+!V!>&)4&%340)+@
&.4&%340)+A!-%4!40-4!V!-%4.&%-!40-4!
KNS!V!&.%3I!4)!?&%5>A!TNU!V!I%+(!4)!5I)2-(.&A!TNT!V!I%+(!4)!I.%(!

! "G"!
!! !! !! UIXM-%+.! UIXY-.J! UIXK)4! Y-XW-! Y-XU2>0! Z&XW-! Z&X7.J0%! U3%>XM&)4! U3%>XK)4! U3%>XN0-4! N&XW-! N&X[%4! N&XK)4! OMU!
O1(2340)+! 67!8+9!::;! ')\.++.! $A$B! :BA::! :"AD#! $AB"! :FA#$! CA#$! GAC#! $AB:! CAB:! DA$B! GA"G! FACG! GA:B! :EAFB!
$$ $$ ()$ *"+#$ '"#!$ '"*,$ #"*-$ #".&$ #"+*$ !"*!$ !"'#$ #"+!$ '"%'$ %"&.$ *"!%$ %"#!$ %"%+$
!! <=!8+9:";! ')\.++.! CAG"! :"ACB! :FA#F! :"A##! "BABB! ::ABD! DAB$! :#A#D! :EAE#! :GAEC! CA"B! :GA""! BAF"! :GACB!
$$ $$ ()$ !"++$ !"&.$ !".&$ %&"&-$ !&"%#$ '"+!$ **"!.$ -",-$ !",'$ **"+-$ #"%%$ !"-*$ #"!&$ -",'$
!! >! !! !! !! !! !! !! !! !! H! !! !! H! HHHH! !! H!
T! 67!8+9D;! ')\.++.! :#A"C! ":AC#! "FA$B! DADD! :BAG:! ::A:#! #AGF! $AGF! CAGF! :EAB$! GACD! #AGB! :"A#C! :#A:B!
O((2340)+!
$$ $$ ()$ ."--$ -"%#$ -"%#$ '"!.$ -"-#$ ."*'$ *",,$ %"+,$ !"-'$ #"*.$ %"##$ *"++$ ."!#$ !"&'$
!! <=!8+9!:";! ')\.++.! "EA#$! F:AB$! FBAGD! :#ADC! "#AF:! :#A$:! $AC#! ::AC:! $ADE! :FAGB! $ACB! :GAE"! "$A#B! ""A#E!
$$ $$ ()$ *&".,$ *+"&*$ *-",.$ *!"#+$ %*"*'$ *&".%$ '"!.$ #"-.$ !"*!$ !"!'$ !"-#$ #".+$ !"+,$ .",-$
!! >! !! !! !! H! !! !! !! !! H! !! !! !! HHH! HHH! HH!
W-./0)+! 67!8+9!::;! ')\.++.! :FAD:! ""A"F! :CABB! CAC#! :"A":! :EAB"! GAG:! DABF! DA"C! :"A"C! BADB! FAE:! GA"B! :"A$:!
$$ $$ ()$ !"-,$ .",-$ ,"##$ #"'!$ #",'$ ,",%$ %"#,$ ."!#$ !"#&$ .",.$ %"+!$ *"%'$ *",&$ !"&*$
!! <=!8+9:";! ')\.++.! :"AEG! :GADC! :BACE! CA$:! "EA#B! ::AE"! BA::! :EA#:! DACB! :EAD$! :EAF"! CADD! DA#$! :FA#C!
$$ $$ ()$ !"%&$ '"!%$ #"'-$ '"!,$ *%"%&$ #",!$ !"%.$ #".!$ !"!&$ ."&-$ #"#'$ !"#&$ !"!,$ %"&#$
!! >! !! !! H! !! !! H! !! !! !! !! !! H! HHHH! HHH! !!
Y/4.+50)+! 67!8+9!::;! ')\.++.! :EA:B! DAE#! :"A":! BAD$! :#AFE! :"A:$! GAGD! GA$C! GA"B! CAFG! BAGC! FA$"! $ACB! DABG!
$$ $$ ()$ !"'%$ '"%+$ '"+*$ #",+$ '"!.$ +"&&$ %"+!$ %"#%$ %",.$ #"+'$ %"%.$ *",'$ %",+$ !"!+$
!! <=!8+9:";! ')\.++.! :EA#$! CAFC! :GAGE! $AG:! "EAB#! DA::! CAG#! $AB:! BAEC! DAF#! :FA$D! BAF"! :#AGD! :"AD"!
$$ $$ ()$ #"#+$ '",#$ +"%&$ !"%-$ *%"!*$ #"+'$ '"#.$ !"%!$ !",.$ '"+-$ .",+$ !"#'$ #"&!$ %",+$
!! >! !! !! !! !! !! !! !! !! !! !! !! H! !! HHH! HH!
Y/4! 67!8+9!::;! ')\.++.! $ACF! GAD:! :FAC$! :EACG! :BA"F! :$AF"! BACD! CA$C! GAD$! CAGE! GABD! FACE! GA"F! :EABC!
K)4%40)+!
$$ ()$ !",*$ %"%-$ !"',$ ."*#$ ,".%$ +",'$ %"'-$ #"&#$ %"%+$ %"..$ *"+&$ *"'!$ %"#'$ %"#'$
!! <=!8+9:";! ')\.++.! DA"F! BAGD! :BA#:! :#A#G! :BAG:! :DA:G! CAC#! DA:F! DA:"! DA#"! $ABB! :GAB$! BAG:! :FA#"!
$$ $$ ()$ !"%%$ !",,$ .".#$ ."*-$ ,"!#$ ,"&-$ '"&&$ !"*.$ #",&$ #"'+$ !"!-$ #"'+$ !"-#$ *"+*$
!! >! !! !! !! !! !! !! !! !! !! !! !! !! HHHH! !! HH!
T%+(!4)! 67!8+9!::;! ')\.++.! :EAGC! CAB"! :"AE"! :FAC$! :#A:E! :EA"D! #ACD! GAC"! BA":! CAFF! BABC! :ABE! FACG! DACE!
UI)2-(.&!
$$ ()$ '"#,$ #"'-$ '".*$ ."--$ !"*,$ '"*,$ %"**$ %"+%$ #"'-$ %"+!$ '".#$ &",.$ *"-'$ %".!$
!! <=!8+9:E;! ')\.++.! :EAEB! :EA:$! :GAED! :#ACB! :$A$$! :FAGG! $A"E! BA"$! $ACB! CA#$! :EABG! "ABG! BAD:! :"A:E!
$$ $$ ()$ !"&&$ ."&!$ #".-$ ,"&*$ -"-*$ ,"&*$ #"%'$ !"%-$ ."*+$ !"+'$ '"&#$ *",%$ %"*!$ %"&.$

! "GF!
!! >! !! !! !! !! !! !! !! !! !! !! !! !! !! HH! H!
T%+(!4)! 67!8+9!::;! ')\.++.! :EA:C! :FAEE! DA$E! :GADE! :BA"$! ::ACF! BA#C! BA::! BA$B! $ACE! GA##! "AGG! FACB! :EA$G!
T.%(!
$$ ()$ '"*%$ '",%$ !".*$ +"%+$ .",#$ !"+#$ %"-&$ %"%*$ !"%+$ #"#*$ !"#+$ *"!%$ %",'$ %"+#$
!! <=!8+9:E;! ')\.++.! :GAF$! :GAE"! :$A#E! :#AB"! "EA:B! :GA#:! BADC! $AGE! CAFB! DA$:! $A$C! GA"B! GAFF! :FABB!
$$ $$ ()$ ,"&*$ +".%$ +"-#$ ."%#$ ,"+-$ '"&-$ %".-$ #"+.$ '"!%$ '"+,$ #"%,$ !"&,$ !"&+$ %"-&$
!! >! !! !! !! H! !! !! !! !! !! !! !! !! H! !! H!
K.%3I!4)! 67!8+9!::;! ')\.++.! $AEE! GAB$! DAC#! CAD#! :"AEG! :#AF$! BAGG! #AEG! #A:D! BAEE! #A#F! :A#G! #AF"! CA#F!
S&%5>!
$$ ()$ #"*#$ %",%$ !"+%$ %"-!$ #".'$ ."..$ %"-'$ %"*+$ #"*&$ !"'!$ !"'%$ &"-*$ %"!&$ %"*&$
!! <=!8+9:E;! ')\.++.! :FAFF! CAE$! :"AGC! :CA":! :BAF"! :GA$E! $AFB! GA#:! $ABG! GAGE! DA:C! FADF! ::A:D! :"AGG!
$$ $$ ()$ +"+%$ '"-.$ '"'%$ *%"+,$ +",*$ -"+!$ %".-$ %"!+$ '"&,$ !"%.$ .",!$ %"%#$ !"&&$ #"#*$
!! >! !! !! !! !! H! !! !! !! !! H! !! H! H! HHH! HH!

!
!""#$%&'(?*(!37("3-.&6#(12-3#@(:$&7",&3#%(1&%#(-.(20&6%3#$(;&/0(<=>>(AB(<=>>C@($-$(%-7&$,$/(1&%#(-.(DE(20&6%3#$(AFE(DEGC(
H>]EREG

! "G#!
!

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

!"#$%&'()*+,()*'()"'-.'()$,#'",+#$/,+&'()
!
-! $%!&'(!)*+,-!./(!0-1234-5!'(!6178!9(!'3,,347!:;<!$7!=>=1!?,5>4+->2!831@*5,-!%@82*,!=1*@%,8!475!
+3,>-!-,*4+>1783>?!+1!AB!8+-,7C+3<!D!0>1%,23<!"EFG!)@C!""H!GIJFFKL"IAEMI<!
-! 6178!9(!'3,,347!:;(!$%!&'(!0-1234-5!'(!)*+,-!./<!N,*4+>7C!831@*5,-!%@82*,!4+-1?3O!+1!8+-,7C+3!*188!
>7! PQ8+,+->24*! Q-423>4*! ?*,R@8! ?4*8O<! 9*>7! 0>1%,23! J0->8+1*(! )=17K<! "EFI! P2+HGSLSEMSI<! 51>L!
FE<FEFTUV<2*>7Q>1%,23<"EFI<EI<EFE<!/?@Q!"EFI!D@*!"I<!
-! 6178!9H!01-1+>W4-!0(!X4-,+>,-!Y(!0@-5>7!Z(!0,7!'4*,%!B(![,%?,-,@-!Y(!0-1234-5!'<!\@47+>]O>7C!
8W,*,+4*!%@82*,!=1*@%,!475!834?,!>7!3@%478!@8>7C!YN$L!4!8O8+,%4+>2!-,=>,^!1]!=4*>5>+O!475!-,*>4Q>*>+O<!
)22,?+_!5478!6*18!P7,<!!
-! 93->8+,**,!6178H!B4@?31@!/55>H!X-_C1>-,!*,!X4*H!Y4-2!X4-,+>,-H!B1@-4>,5!0,7!'4*,%H![4,+>+>4!&1@RH!
:-472W! :>+1@88>H! `4+34*O! \@>7+,-1H! 'O*=4>7! 0-1234-5H! 475! +3,! 6P60M;Pa! X-1@?! JY4->477,!
)*>817(!Y45,*,>7,! )8*47(! D,77>],-! 048+>,7(! X>**,8! B4@+,*(! :*1->47,! 91*>7(! Y4->17! B,*?17+(! 0-@71!
B13>7(!Y4->,!)C7,8!X4**1O(!Z>72,7+!X4@+3,-17!'4*,%!&48847!)*!.31@-O(!64824*!D,34771!(!Y_*47>,!
.448(! ! P*>=>,-! 6-1531%%,(! Y_*47>,! 61-+,(! )77,! X4,**,! 6O(! &,*b7,! N4@82,7+(!! /%>*>,! N@%>**O(!
.4+3,->7,!'4723,c!04--!(!!94+3,->7,!;-_C@>,-(!475!63>*>??,!Z>1*48!K<!/]],2+>=,7,88!475!84],+O!1]!,4-*O!
>7+-4%@82@*4-! Q1+@*>7@%! +1R>7! >7V,2+>178! +1! ?-,=,7+! 831@*5,-! 5,]1-%>+O! >7! Q4Q>,8! ^>+3! 1Q8+,+->24*!
Q-423>4*!?*,R@8!?4*8O!J6P60M;PaK(!4!-4751%>c,5!217+-1**,5!+->4*L!8+@5O!?-1+121*<!'1@%>8!5478!0YD!
P?,7<!!
-! 6178!9(![,%?,-,@-!Y(!)*+,-!.(!B4%>471!B(!0-1234-5!'<!;3-,,M5>%,78>174*!@??,-!*>%Q!%1=,%,7+!
234-42+,->8+>28!>7!23>*5-,7!^>+3!Q-423>4*!?*,R@8!Q>-+3!?4*8O<!/7!?-_?4-4+>17!?1@-!X4>+!475!618+@-,<!!
-! 917c,! 6&(! 6178! 9(! 0@-5>7! Z(! '3,,347! :;(! 0-1234-5! '<! &,4*+3O! =,-8@8! ?4+31*1C>24*! *,4-7>7C!
+-478],-4Q>*>+O!17!831@*5,-!%@82*,!YN$!8,C%,7+4+>17!@8>7C!5,,?!217=1*+>174*!,7215,-M5,215,-8<!/7!
?-_?4-4+>17!?1@-!;-47842+>178!17!0>1%,5>24*!/7C>7,,->7C<!!
!
)
0/11.,$%+#$/,()&/"()*')%/,2"3()$,#'",+#$/,+.4))
!
-! 6178!9H!01-1+>W4-!0(!X4-,+>,-!Y(!0@-5>7!Z(!0,7!'4*,%!B(![,%?,-,@-!Y(!0-1234-5!'<!\@47+>]O>7C!
8W,*,+4*!%@82*,!=1*@%,!475!834?,!>7!3@%478!@8>7C!YN$L!4!8O8+,%4+>2!-,=>,^!1]!=4*>5>+O!475!-,*>4Q>*>+O<!
618+,-(!!"#$%&'()*+,--(!V@*!"EFS(!64->8!!
-! 6178!9(!01-1+>W4-!0(!0@-5>7!Z(![,%?,-,@-!Y(!0-1234-5!'<!Z4*>5>+O!475!-,*>4Q>*>+O!1]!YN$!%,+3158!+1!
488,8!%@82*,!=1*@%,8<!)22,?+,5!J1-4*!?-,8,7+4+>17K(!./+(0,1)&2()*+,--&(3&#45-6'17&%,86'6),&1)8&
$,419676:1:6();&Y4O!"EFS(&Z>*7>@8!
-! 6178!9(![,!91--,!;(!:>+1@88>!:(!0-1234-5!'(!\@>7+,-1!`<!/]],2+>=,7,88!1]!Q1+@*>7@%!+1R>7!>7V,2+>178!
17! @??,-! *>%Q! %1+1-! ]@72+>17! 1]! 23>*5-,7! ^>+3! 1Q8+,+->24*! Q-423>4*! ?*,R@8! ?4*8O<! )22,?+,5! J1-4*!
?-,8,7+4+>17K(&./+(0,1)&2()*+,--&(3&#45-6'17&%,86'6),&1)8&$,419676:1:6();&Y4O!"EFS(&Z>*7>@8!
-! 6178!9(!0-1234-5!'<!0>1%,2347>24*!475!%1-?31*1C>24*!]42+1-8!1]!+3,!831@*5,-!?4+31*1CO!>7!23>*5-,7!
^>+3!1Q8+,+->24*!Q-423>4*!?*,R@8!?4*8OL!>%?42+!17!-,34Q>*>+4+>=,!+3,-4?,@+>28<!YN;!FSE8,2(!./+(0,1)&
2()*+,--&(3&#45-6'17&%,86'6),&1)8&$,419676:1:6();&Y4O!"EFS(&<67)6/-!
-! 6178!9(!'3,,347!:;(!)*+,-!./(!$%!&'(!0-1234-5!'<!N,*4+>7C!831@*5,-!%@82*,!4+-1?3O!+1!8+-,7C+3!*188!
>7! PQ8+,+->24*! Q-423>4*! ?*,R@8! ?4*8O<! 618+,-(! =>:4& ?))/17& %,,:6)*& (3& :4,& ./+(0,1)& ?'18,@5& (3&
246784((8&A6-19676:5&B.?2AC(!)%8+,-54%!"EFI<!!
-! 6178! 9(! '3,,347! :;(! )*+,-! ./(! $%! &'(! 0-1234-5! '<! '31@*5,-! %@82*,! 4+-1?3O! 475! >+8! -,*4+>17! +1!
8+-,7C+3!>7!23>*5-,7!^>+3!Q-423>4*!?*,R@8!Q>-+3!?4*8O<!618+,-(!D:4&E(+78&2()*+,--&(3&F6(@,'41)6'-(!
018+17(!D@*O!"EFG<!
!
!
0/11.,$%+#$/,()&/"()*')%/,2"3(),+#$/,+.4)
! "##!
!
-! 6178!9(!0-1234-5!'!,+!4*<!'4],+O!475!,]],2+>=,7,88!1]!,4-*O!>7+-4%@82@*4-!Q1+@*>7@%!+1R>7!>7V,2+>178!
+1! ?-,=,7+! 831@*5,-! 5,]1-%>+O! >7! Q4Q>,8! ^>+3! 1Q8+,+->24*! Q-423>4*! ?*,R@8! ?4*8OL! ?-,8,7+4+>17! 1]! 4!
%@*+>2,7+-,!-4751%>8,5!51@Q*,!Q*>75!?*42,Q1M217+-1**,5!+->4*<!618+,-(!GH6I@,&2()*+I-&8,&71&-('6J:J&8,&
@J8,'6),&045-6K/,&,:&8,&+J1810:1:6()!J'P:Y/NK(!'+!/+>,77,(!P2+!"EFT<!
-! 6178!9(!'3,,347!:;(!)*+,-!./(!$%!&'(!0-1234-5!'<!94-42+_->84+>17!+->5>%,78>177,**,!5,!*d4+-1?3>,!
%@82@*4>-,! ,+! 5,! 8,8! 2178_e@,72,8! 8@-! *4! ]1-2,! ?-15@>+,! ?4-! *d_?4@*,! 5,8! ,7]47+8! 4=,2! ?4-4*O8>,!
1Q8+_+->24*,!5@!?*,R@8!Q-423>4*<!P-4*!?-,8,7+4+>17(!=L6I@,&2()*+I-&8,&71&-('6J:J&8,&@J8,'6),&045-6K/,&
,:&8,&+J1810:1:6()!J'P:Y/NK(!N,>%8(!P2+!"EFA<!
!
!
5+)#63(')',)789)('%/,*'()
!
!
:"+-+.4)(%$',#$;$<.'()=.>&$?()*+,()*'()"'-.'()$,#'",+#$/,+&'()',)*'6/"()*.)%+*"')*')&+)#63(')
!
-! 6178! 9(! N_%OM`_->8! P(! Y_5_,! 0(! 0-1234-5! '<! Z4*>5>+O! 475! -,*>4Q>*>+O! 1]! -45>1*1C>24*! %,+3158!
488,88>7C!+3,!?-1R>%4*!3>?!C,1%,+-O!>7!23>*5-,7!^>+3!2,-,Q-4*!?4*8O!L!4!8O8+,%4+>2!-,=>,^<!B,=!Y,5!
93>*5!`,@-1*<!"EFA!B,2H!##JF"KLFESfMFE"<!!
-! 01@-8,@*!D'(!0-1234-5!'(!&1@R![(!6178!9(!0@_,!Y(!Y47,88,!$(!N1?4-8!D(!X@O45,-!B(![,!Y1>7,!6(!
B@Q1>8!)<!94-,M-,*4+,5!?4>7!475!5>821%]1-+!>7!23>5-,7!^>+3!%1+1-!5>84Q>*>+>,8!>7!-,34Q>*>+4+>17!2,7+-,8<!
)77!63O8!N,34Q>*!Y,55<!"EFT!D@7!FG<!
-! 6178! 9(! 0-1234-5! '(! X4**>,7! 6(! `>21*48! 0(! B@-@]*_! )(! N1e@,+! Y(! N_%OM`_->8! P(! X4-*47+,c,2! N<!
Y,5>24+>17(! -,34Q>*>+4+>17! 475! 3,4*+3! 24-,! 2178@%?+>17! >7! 45@*+8! ^>+3! 2,-,Q-4*! ?4*8O!L! 4! ?1?@*4+>17!
Q48,5!8+@5O<!9*>7!N,34Q>*<!"EFT!)@C!f<!!!
-! 01@-8,@*!D'(![>7+47]!Y(!&1@R![(!6178!9(!934*_4+MZ4*4O,-!/(!0-1234-5!'<!01+@*>7@%!+1R>7!>7V,2+>17!
>7!23>*5-,7!O1@7C,-!+347!"!O,4-8!1*5!L!^34+!84],+O!475!,]],2+>=,7,88!g!)2+@4*>+_8!,7!Y6N<!B,2!"EFT<!!
-! 01@-8,@*!D'(!Y1*>74!)(![>7+47]!Y(!&1@R![(!934*_4+MZ4*4O,-!/(!6178!9(!0-1234-5!'<!/4-*O!01+@*>7@%!
;1R>7! $7V,2+>178! >7! $7]47+8! h>+3! Y@82@*18W,*,+4*! B>81-5,-8L! )! 'O8+,%4+>2! N,=>,^! 1]! '4],+O! 475!
/]],2+>=,7,88<! )-23! 63O8! Y,5! N,34Q>*<! "EFI! B,2! "I<! ?>>L! 'EEEAMfffAJFIKAFG""MA<! 51>L!
FE<FEFTUV<4?%-<"EFI<FF<EFA<!
-! [>7+47]!Y(!01@-8,@*!D'(!&1@R![(![,%?,-,@-!Y(!0-1234-5!'(!6178!9<!/]],2+!1]!47W*,M]11+!1-+318,8!17!
C4>+!>7!23>*5-,7!^>+3!2,-,Q-4*!?4*8OL!4!8O8+,%4+>2!-,=>,^!475!%,+4M474*O8>8<!9*>7!N,34Q>*<!"EFS!)?-!
FL"Tf"F##FSIIFS"G<!51>L!FE<FFIIUE"Tf"F##FSIIFS"G<!6Y$BL!"fIFGETT!
-! 64-45>8!D(!)-71@*5!9(!;31774-5!D[(!&1@R![(!6178M0,2%,@-!9(!N,75,-8!)(!0-1234-5!'(!0*,O,73,@]+!
i<! N,8?178>=,7,88! 1]! +3,! )9;$Z[$YM96! e@,8+>1774>-,! %,48@->7C! C*1Q4*! 42+>=>+O! ?,-]1-%472,! >7!
23>*5-,7!^>+3!2,-,Q-4*!?4*8O<!B,=!Y,5!93>*5!`,@-1*<!"EFS!D@7!G<!51>L!FE<FFFFU5%27<FAf"I<!
-! N1e@,+! Y(! X4-*47+,c,2! N(! &1@R! [(! '424c,! /(! X4**>,7! 6(! 6178! 9(! 0-1234-5! '<! :-1%! 23>*53115! +1!
45@*+3115L!8@-=,O!1]!3,4*+324-,!@8,!>7!>75>=>5@4*8!^>+3!2,-,Q-4*!?4*8O<!B,=!Y,5!93>*5!`,@-1*<"EFS!
)@C!AF<!51>L!FE<FFFFU5%27<FGEEA!

! "#T!
!
!

.),/0#1!"#$%&'(!)*+,-*%*./01(!(2!3/*)45$#/01(!6(!%74,$1%(!(2!61!)()3+(!'1,4+/(1+!6('!(#8$#2'!$9(5!1#(!
,$+$%&'/(!*3'242+/5$%(!61!,%(:1'!3+$5-/$%;!/),$52!'1+!%('!2-4+$,(12/01('!

2%,-#*34-#1!3/*)45$#/01(<!4,$1%(<!)()3+(!'1,4+/(1+<!,$+$%&'/(!*3'242+/5$%(!61!,%(:1'!3+$5-/$%<!2-4+$,(12/01(!!

54-'&4#1!=$!,$+$%&'/(!*3'242+/5$%(!61!,%(:1'!3+$5-/$%! )*#2+4! 1#(! $2+*,-/(! 9$+/$3%(! 6('! )1'5%('! .%4#*F


>?@?AB! ('2! 1#(! ,$+4'/(! 671#! *1! 6('! )()3+('! -1)4+$1:! )(#$#2! C! 6('! 64'401/%/3+('! )1'51%$/+('!
'1,4+/(1+'! 5$1'4(! %(! ,%1'! '*19(#2! ,$+! 1#! 42/+()(#2! 6$#'! %('! 2+*/'! ,%$#'! 6(! %7(',$5(D! N('! 5*++4%$2/*#'!
(:5(''/8! 6('! +$5/#('! #(+9(1'('! C! %$! #$/''$#5(D! =('! (#2+(! %('! 9*%1)('! )1'51%$/+('! (2! %$! 8*+5(<!
(#8$#2'! '$#'! +451,4+$2/*#! 5*),%E2(! .$+6(+*#2! 6('! '/.#/8/5$2/9('!)$/'!,%1'!8$/3%('!01(!5-(M!%('!(#8$#2'!C!
'401(%%('!C!9/(<!5*),+(#$#2!1#(!6/)/#12/*#!6(!8*+5(!(2! 649(%*,,()(#2!2&,/01(!42$/(#2!+(2+*194('D!!
6('! )*19()(#2'<! 6('! 648*+)$2/*#'! *''(1'('<!! N1!8$/2!6(!%7$22(/#2(!*''(1'(!(2!)1'51%$/+(<!%$!)*3/%/24!
/),$52$#2! %(1+'! $52/9/24'! 01*2/6/(##('D! =7$22(/#2(! 6(! 6(!%7$+2/51%$2/*#!.%4#*F-1)4+$%(!('2!%/)/24(D!N$#'!1#(!
%74,$1%(!('2!%$!,+/#5/,$%(!5$1'(!6(!)*+3/6/24D!! 4216(! 12/%/'$#2! %7$#$%&'(! 01$#2/8/4(! 61! )*19()(#2<!
=('! )1'5%('! .%4#*F-1)4+$1:! '*#2! $1! 5G1+! 6(! %$! 5(22(!%/)/2$2/*#<!)$O(1+(!(#!+*2$2/*#!(:2(+#(!674,$1%(!
,$2-*%*./(! 6(! %74,$1%(D! =7HIJ! ,(+)(2! %749$%1$2/*#! 6(! $/#'/!01(!6('!5*),(#'$2/*#'!$1!#/9($1!6(!%7(#'()3%(!
%7$22(/#2(! 6('! )1'5%('! 6(! %74,$1%(D! =('! 9*%1)('! 61! )()3+(! '1,4+/(1+! *#2! 424! *3O(52/94('D! =$!
)1'51%$/+('<! /#24+(''$#2'! 61! 8$/2! 6(! %(1+! 5*++4%$2/*#! ,(+8*+)$#5(!61!)*19()(#2!42$/2!3*##(D!
$9(5! %$! 8*+5(<! ,(19(#2! K2+(! *32(#1'! ,$+! 6/884+(#2('! "! ,$+2/+! 6('! +4'1%2$2'! *32(#1'! 6/884+(#2'! *3O(52/8'! (2!
2(5-#/01('! 6(! '(.)(#2$2/*#! 6*#2! %('! ,+*,+/424'! 5/3%('!2-4+$,(12/01('!'*#2!6/'5124'D!=$!%122(!5*#2+(!%(!
)42+*%*./01('!'*#2!/#4.$%('D!! 64'401/%/3+(! )1'51%$/+(! +*2$2(1+'! /#2(+#('F(:2(+#('!
L-(M!%7(#8$#2!$9(5!?@?A<!%712/%/'$2/*#!671#(!2(5-#/01(! $,,$+$P2!5*))(!1#(!,+/*+/24D!!
6(!'(.)(#2$2/*#!'1+!1#!.+$#6!#*)3+(!6(!5*1,('!$!!

.),30#1!!J*+,-*%*./5$%!$#6!3/*)(5-$#/5$%!$#$%&'/'!*8!2-(!'-*1%6(+!$#6!1,,(+!%/)3!*8!5-/%6+(#!Q/2-!*3'2(2+/5$%!
3+$5-/$%!,%(:1'!,$%'&;!/),$52!*#!2-(+$,/('!

6078%/9-#1!3/*)(5-$#/5'<!'-*1%6(+<!1,,(+!%/)3<!*3'2(2+/5$%!3+$5-/$%!,%(:1'!,$%'&<!2-(+$,(12/5'!!!

:;-,/+*,#1!!@3'2(2+/5!A+$5-/$%!?%(:1'!?$%'&!>@A??B!/'! 9$+/$3%(! $2+*,-&! *8! 2-(! .%(#*F-1)(+$%! )1'5%('!


2-(!,$+$%&'/'!*8!*#(!*+!3*2-!1,,(+!%/)3'D!H2!/'!)*'2!*82(#! %($6/#.! 2*! 2-+((F6/)(#'/*#$%! )1'51%$+! /)3$%$#5('D!
5$1'(6! 3&! (:5(''/9(! 2+$52/*#! *#! 5(+9/5$%! #(+9(! +**2'! L*++(%$2/*#'! 3(2Q((#! )1'5%(! 9*%1)('! $#6! '2+(#.2-!
61+/#.!$!6/88/51%2!3/+2-D!R-(!5-/%6+(#!Q/2-*12!/#5*),%(2(! Q(+(!'/.#/8/5$#2!312!%*Q(+!2-$#!/#!5-/%6+(#!Q/2-!2&,/5$%!
+(5*9(+&!Q/%%!-$9(!%*#.F2(+)!/),$/+)(#2<!/#5%16/#.!%*''! 6(9(%*,)(#2D!
*8! $52/9(! $#6! ,$''/9(! )*3/%/2&<! %*''! *8! '2+(#.2-<! 3*#&! A(5$1'(! *8! 2-(! 3*#(! 6(8*+)/2&! $#6! )1'5%(!
6(8*+)/2/('<! $52/9/2&! %/)/2$2/*#! $#6! ,$+2/5/,$2/*#! /#9*%9()(#2<!2-(!)*3/%/2&!*8!2-(!.%(#*-1)(+$%!O*/#2!/'!
+('2+/52/*#D! R-(! %*''! *8! '-*1%6(+! 81#52/*#! /'! 2-(! )$/#! %/)/2(6D! H#! $! '216&! 1'/#.! UN! )*2/*#! $#$%&'/'! *8! 2-(!
5$1'(!*8!)*+3/6/2&!/#!2-/'!,*,1%$2/*#D!! )*9()(#2<! 2-/'! %/)/2$2/*#<! Q-/5-! /'! %$+.(! /#! (:2(+#$%!
S%(#*-1)(+$%! )1'5%('! /#9*%9()(#2! /'! $! T(&! (%()(#2! '-*1%6(+! +*2$2/*#<! $'! Q(%%! $'! 5*),(#'$2/*#'! *#! 2-(!
*8!2-(!,$2-*%*.&!*8!2-(!'-*1%6(+D!JIH!$%%*Q'!(9$%1$2/*#! Q-*%(! 1,,(+! %/)3<! Q(+(! '-*Q#D! R-(! ,(+8*+)$#5(! *8!
*8! 2-(! '-*1%6(+! )1'5%(! /#9*%9()(#2D! J1'5%(! 9*%1)('! 2-(!)*9()(#2!Q$'!.**6D!!
/#!,$+2/51%$+<!Q(%%!5*++(%$2(6!Q/2-!)1'5%(!'2+(#.2-<!5$#! V+*)! 2-('(! +('1%2'<! 6/88(+(#2! *3O(52/9('! $#6!
3(! )*6/8/(6! 3&! 6/88(+(#2! '(.)(#2$2/*#! 2(5-#/01('! 2-(+$,(12/5! 2$+.(2'! $+(! 6/'51''(6D! H#2(+#$%F(:2(+#$%!
Q-*'(!)(2+*%*./5$%!,+*,(+2/('!$+(!1#(01$%D! +*2$2*+! )1'51%$+! /)3$%$#5(! 5*++(52/*#! $,,($+'! $'! $!
H#! 5-/%6+(#! Q/2-! @A??<! 2-(! 1'(! *8! $! '(.)(#2$2/*#! ,+/*+/2&D!!
2(5-#/01(!*#!$!%$+.(!#1)3(+!*8!'%/5('!-$'!'-*Q#!$! !!
!
!

! "#I!

Vous aimerez peut-être aussi