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

)$#/#+)$'0'+'$12#
*%($0.3/)(+%#3('#*"3+'+#$"(#4"%&)(*"'#/#56$#$)73.'#8'.'#
0%+'$#/#0%+%$
#

9'#):8).")(*"'#%.7'(";'0"4'#+)#&'$#53<).)$#)(#0.)$#+"$0."0%$## #
+)#&'#*"3+'+#+)#=%$'."%,#>.7)(0"('

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

/01$("#!($&1$(1#'&21!*!(3$'&$#!$2!##'$#14,'($5$*'(!6!*!(738$(1&6'61-!$9&$'(2'&!:
,1"$*'('!*"$5$9&$"4;'61<"=$>($'#$?,"*926"3$5$!$(9$<'-$@!,2!$'#$2!@1&"$'&$'#$
?,"2'("$?!,6121?!61<"$1&121!*"$?",$9&$2"#'261<"$*'$@9;','($*'$#!$219*!*$*'$

.$ $ !"#!$%#!&'($5$)"#'*!*$ +,'-$1&6'A,!&$'#$'B91?"$*'#$C'&6,"$*'$D&6',2!@41"($5$)',<121"($
C"&"$)9,$E,A'&61&!$FCD)C)EG=
8$ $>(6!$H,!('$(9,A'$'&$'#$'(?!21"$*'$'&29'&6,"$*'$#!($@9;','($*'#$I1(6,16"$)9,$*'$J"(!,1"3$'&$
'#$?,"2'("$*'$",A!&1-!21K&$*'$9&!$;",&!*!$,'2,'!61<!$,'!#1-!*!$'&$ #!-!$*'$%!,,1"$L!A&!&"3$
9&$4!,,1"$@!,A1&!#$*'$#!$219*!*=$M!$;",&!*!$69<"$'#$"4;'61<"$*'$?,"@"<',$#!$!?,"?1!21K&$*'#$
'(?!21"$ ?",$ ?!,6'$ *'$ <'21&"($ 5$ <'21&!($ 5$ ('&(141#1-!,$ '&$ 6",&"$ !$ #!$ <1"#'&21!$ B9'$ <1<'&$ #!($
@9;','($'&$#"($'(?!21"($?N4#12"(=$M!$H,!('3$#9'A"$*'$'(!$;",&!*!3$H9'$6"@!*!$2"@"$('##"$*'#$
'(?!21"$5$*'$#!($!261<1*!*'($B9'$('$H9',"&$,'!#1-!&*"3$B9'*!&*"$2"@"$'(#"A!&=

!
 "#$$$%&'()*(+,*-.$/($)(/(.$/($012()(.$(+$304)*,-$5-6*+-

J"(!,1"3$'&$'#$6,!&(29,("$*'#$29!#$('$H9'$,'(1A&1O2!&*"$#!$1*'!$*'$'(?!21"$
?N4#12"=$I'$(',$'(?!21"$P"(61#$5$?'#1A,"("3$/61',,!$*'$&!*1'73$?"2"$!$?"2"$('$
H9'$P!21'&*"$2!*!$<'-$@Q($9&$#9A!,$*'$'&29'&6,"3$*'$#"2921K&$5$*1Q#"A"3$
*'$*'&9&21!3$*'$2,'!21K&R$'(?!21"$*"&*'3$;9&6"$2"&$"6,!(3$('$?9'*'$*'21,3$
'S1A1,3$*'(?";!,('$*'$!#A9&"($@!&*!6"(=
>&$'#$?,'('&6'$!,6T29#"$('$2"@?!,6'&$!#A9&!($,'U'S1"&'($!2',2!$*'$#!$
'S?',1'&21!$*'$6,!4!;"$'&$6,'($*1(6,16"($*'$#!$C19*!*$*'$J"(!,1"3$E,A'&61&!3$
2"&$ @9;','($ *'$ ('26",'($ <9#&',!41#1-!*"(3V$ '&$ '#$ 2"&6'S6"$ *'#$ ,"A,!@!$
J'A1"&!#$/C19*!*'($(1&$<1"#'&21!$P!21!$#!($@9;','(3$219*!*'($('A9,!($?!,!$
6"*!($5$6"*"(7$F'&$!*'#!&6'$'#$ ,"A,!@!$J'A1"&!#GW$B9'$('$1@?#'@'&6!$'&$
*12P!$ 219*!*$ *'(*'$ 8XXY3$ 5$ *'(*'$ 8XXZ3$ 2"&;9&6!@'&6'$ 2"&$ '#$ ,"A,!@!$
/C19*!*'($1&2#9(1<!($5$A+&',"7$F'&$!*'#!&6'$ CD5[G=\$M!$1&6'&21K&$'($P!2',$
<1(14#'$'#$,'2",,1*"$!$?!,61,$*'#$29!#$'($?"(14#'$2"&6!,$2"&$9&$2"#'261<"$*'$
@9;','($",A!&1-!*!($B9'$2!&!#12'&$5$A!,!&612'&$#!$(9(6'&6!41#1*!*$*'$#!($
1&121!61<!($?,"?9'(6!($?",$#"($?,"A,!@!(=$D&6','(!$'&$?!,6129#!,$*'6'&',('$
'&$#"($?,"2'("($",A!&1-!61<"(]?!,6121?!61<"($2"#'261<"(3$?!,!$*'(6!2!,$2K@"$
P!&$2"&6,1491*"$!$,'(1A&1O2!,$'#$'(?!21"$?N4#12"3$5$6,!&(H",@!,$#!$?',2'?21K&$
!2',2!$*'$#!$<1"#'&21!$P!21!$#!($@9;','($5$#!($?"(141#1*!*'($*'$1&21*1,$'&$#!($
?"#T612!($?N4#12!(=
>(6'$?,"2'("3$?,"@"<1*"$2"@"$?!,6'$*'$#!$'(6,!6'A1!$*'$1&6',<'&21K&$
*'#$'B91?"$*'$CD)C)E$'&$'#$@!,2"$*'$#"($?,"A,!@!($216!*"(3$2"4,!$('&61*"$
("#"$(1$6'&'@"($'&$29'&6!$#!($*'@Q($#T&'!($*'$!221K&$*'(!,,"##!*!($?",$#"($
@1(@"(^$ #!($ 1&(6!&21!($ *'$ 2!?!216!21K&$ !$ H9&21"&!,1"($ 5$ H9&21"&!,1!($ 5$ !$
",A!&1-!21"&'($("21!#'(3$#!($2!@?!_!($*'$('&(141#1-!21K&3$#"($?,"2'("($*'$
1&21*'&21!$?!,!$1&2#91,$#!$?',(?'261<!$*'$A+&',"$'&$#!($?"#T612!($*'$('A9,1:
*!*3$'&6,'$"6,!(=
!,!$1#9(6,!,$'(6'$?,"2'("3$'#$!,6T29#"$2"&6'S69!#1-!3$'&$?,1@',$#9A!,3$'#$
6,!4!;"$6',,16",1!#$1&121!*"$'&$'#$I1(6,16"$`'(6'$*'$#!$219*!*$*'$J"(!,1"$'&$
8XXY3$5$!@?#1!*"$!$#"($I1(6,16"($)9,$5$0","'(6'$'#$!_"$8XXZ3$2"&$'#$O&$*'$
!?,"S1@!,&"($ !#$ !#2!&2'$ 5$ #"($ #T@16'($ *'$ #!($ '(6,!6'A1!($ 1@?#'@'&6!*!(3$
2"@"$!(1@1(@"$!#$P",1-"&6'$*'$#"$?"(14#'$'&$*12P"$2"&6'S6"=

V$ C"&(1*',!@"($B9'$'#$6+,@1&"$/<9#&',!41#1-!*"(7$'S?,'(!$*'$@';",$@!&',!$9&!$2"&*1:
21K&$ B9'$ !H'26!$ !$ <!(6"($ ('26",'($ *'$ #!($ ?"4#!21"&'($ 9,4!&!(=$ C"1&21*1'&*"$ 2"&$ ',!--!$ 5$
a',1A1$F8X.XG3$("(6'&'@"($B9'$#"$B9'$'#$6+,@1&"$'S?#1216!$("&$#!($2"&*121"&'($*'$?,"*9221K&$
("21"P1(6K,12!(3$'2"&K@12!($5$?"#T612!($*'$#!$(169!21K&$*'$<9#&',!41#1*!*=$M"($A,9?"($&"$("&$
/<9#&',!4#'(7$?",$&!69,!#'-!3$(1&"$B9'$'(6Q&$2"#"2!*"($'&$9&!$(169!21K&$*'$<9#&',!41#1*!*$
?",$'H'26"$*'$2"@?#';"($?,"2'("($*'$2"&2'&6,!21K&$*'$#!$,1B9'-!3$*'$'S?#"6!21K&$'2"&K@12!3$*'$
('A,'A!21K&$'&$#!$?!,6121?!21K&$?"#T612!$5$*'$*'(1A9!#*!*$'&$'#$!22'("$!$#"($41'&'($29#69,!#'(=
W$ >#$ ,"A,!@!$J'A1"&!#$'($1@?#'@'&6!*"$?",$#!$J'*$L9;',$5$bQ416!6$*'$E@+,12!$M!61&!$
'&$J"(!,1"$!$6,!<+($*'#$C'&6,"$*'$D&6',2!@41"($5$)',<121"($C"&"$)9,$E,A'&61&!$FCD)C)EG3$
2"&$!?"5"$c0Dd>L$Fd"&*"$*'$I'(!,,"##"$*'$#!($0!21"&'($c&1*!($?!,!$#!$L9;',G$5$E>CDI$
F !"#$%&'()*&+,-&'."'/,,*"0&$%1#'2#3"0#&$%,#&-'*&0&'"-'4")&00,--,G3$'&$!,6129#!21K&$2"&$'#$ ,"A,!@!$
/C19*!*'($1&2#9(1<!($5$A+&',"73$O&!&21!*"$?",$'#$d"&*"$d1*921!,1"$*'$#!($0!21"&'($c&1*!($
?!,!$#!$>#1@1&!21K&$*'$#!$e1"#'&21!$2"&6,!$#!($L9;','($Fc0:a,9(6$d9&*$6"$>&*$e1"#'&2'$!A!1&(6$
f"@'&=$
\$ >#$ CD5[$'($9&$ ,"A,!@!$*'#$d"&*"$d1*921!,1"$*'$#!($0!21"&'($c&1*!($?!,!$#!$>#1@1&!21K&$
*'$#!$e1"#'&21!$2"&6,!$#!($L9;','(3$2"",*1&!*"$?",$f"@'&$1&$C161'($D&6',&!61"&!#$FfDCDG=$)'$
1@?#'@'&6!$'&$J"(!,1"3$E,A'&61&!$FCD)C)E:J'*$L9;',$5$bQ416!6GR$'&$I!,$'($)!#!!@3$a!&-!&1!R$
'&$ '6,"-!<"*(g3$J9(1!R$5$'&$I'#P13$D&*1!=
 78+.6)19(+/8$,*1/-/(.$.(:1)-.## "

>&$('A9&*"$#9A!,3$('$?,'('&6!&$29!6,"$@"@'&6"($1*'&61O2!*"($'&$#"($
?,"2'("($?!,6121?!61<"(]",A!&1-!61<"($*'$#!($@9;','(=$>##"($*!&$29'&6!$*'$
9&$,'2",,1*"$2"@N&3$!9&B9'$2"&$2!,!26',T(612!($?!,6129#!,'($'&$2!*!$9&"$*'$
#"($*1(6,16"(3$B9'$'($1&6','(!&6'$,'@!,2!,$!$#!$#9-$*'$#"($,'(9#6!*"($#"A,!*"($
5$#"($*'(!HT"($?'&*1'&6'(=
!,!$ O&!#1-!,3$ ('$ 2"@?!,6'&$ !#A9&!($ ,'U'S1"&'($ '$ 1&6',,"A!&6'($ B9'$
(9,A'&$!$?!,61,$*'$!2"@?!_!,$#"($?,"2'("($*'$5$2"&$#!($@9;','(=$>(6"($1&:
6',,"A!&6'($",1'&6!,"&$#!$1&6',<'&21K&$6',,16",1!#3$?',@161'&*"$!<!&-!,$'&$
("(6'&',$5$?,"H9&*1-!,$#"($"4;'61<"($?,"?9'(6"($?",$#"($?,"A,!@!($5$B9'$
P!&$ (1*"$ ,'*'O&1*"($ '&$ 2"&;9&6"$ 2"&$ #"($ *1H','&6'($ '(?!21"($ *'$ @9;','($
!,6129#!*"($6,!($#!$4N(B9'*!$*'$2"&(6,91,$219*!*'($@Q($1&2#9(1<!(=

?9#@A!B?CBA#D?#9>#?CE?=F?!@F>

=%$'."%,#*%(+"*"%()$#8.%8"*"'$#8'.'#&'#"(0).4)(*"G(
M!$219*!*$*'$J"(!,1"3$ ,"<1&21!$*'$)!&6!$d'3$'($#!$6',2',!$219*!*$*'#$?!T($
?",$(9$'(2!#!3Y$5$(1$41'&$('$'&29'&6,!$'&$9&!$-"&!$*'$*'(!,,"##"$2,'21'&6'3$
(94(1(6'&$ #!($ *'(1A9!#*!*'($ ("21!#'($ B9'$ ('$ 'S?,'(!&$ 6',,16",1!#@'&6'=$ >#$
A"41',&"$ #"2!#3$ A'(61"&!*"$ ?",$ '#$ @1(@"$ ?!,61*"$ ?"#T612"$ '&$ #"($ N#61@"($
<'1&61*K($!_"($F !,61*"$)"21!#1(6!G3$P!$(1*"$?1"&',"$'&$E,A'&61&!$'&$'#$*1('_"$
*'$?"#T612!($?N4#12!($1&&"<!*",!($5$*'$2",6'$?,"A,'(1(6!3$@Q($!##Q$*'$#!($*1O:
29#6!*'($'&$#!$1@?#'@'&6!21K&$*'$#!($@1(@!(=$C!4'$*'(6!2!,3$'&$?!,6129#!,3$
#"($?,"A,!@!($5$!221"&'($B9'$?,"@9'<'&$#!$?!,6121?!21K&$219*!*!&!$5$#!($
?"#T612!($*'$'B91*!*$*'$A+&',"$5$*'$!6'&21K&$!$#!$<1"#'&21!$P!21!$#!($@9;','(=
M!$*'(2'&6,!#1-!21K&$@9&121?!#3$B9'$*1<1*'$#!$219*!*$'&$('1($*1(6,16"(3h
5$ '#$ ,"A,!@!$ *'$ ,'(9?9'(6"$ !,6121?!61<"$ F Gi$ 1&121!*"$ '&$ 8XX83$ P!&$
!?"(6!*"$!$@';",!,$'#$*1Q#"A"$'&6,'$'#$>(6!*"$L9&121?!#$5$#!$219*!*!&T!3$
'(6!4#'21+&*"('$ !$ (9$ <'-$ 2"@"$ 1&(6,9@'&6"($ *'$ 2"&6,"#$ 5$ @"&16",'"$ *'#$
A!(6"$?N4#12"=
E#$@1(@"$61'@?"3$'&$'#$!_"$8XXW3$'#$A"41',&"$#"2!#$2,'K$#!$[9!,*1!$c,:
4!&!$L9&121?!#$F[cLG3$9&$",A!&1(@"$295!$H9&21K&$'($#!$('A9,1*!*$9,4!&!$
*'(*'$9&!$?',(?'261<!$?,'<'&61<!$5$*'$,'("#921K&$&"$<1"#'&6!$*'$2"&U126"(=$

Y$ )'AN&$#"($*!6"($?,'#1@1&!,'($*'#$C'&("$0!21"&!#$,'!#1-!*"$?",$'#$D&(61696"$0!21"&!#$*'$
>(6!*T(612!$5$C'&("($FD0I>CG$'&$8X.X3$'#$*'?!,6!@'&6"$J"(!,1"$F219*!*$*'$J"(!,1"$5$[,!&$
J"(!,1"G$29'&6!$2"&$.=.Zh=\8i$P!416!&6'(=
h$ M!$*'(2'&6,!#1-!21K&$*1<1*'$#!$219*!*$'&$('1($*1(6,16"(^$0",6'3$C'&6,"3$)9,3$)9*"'(6'3$`'(6'$
5$0","'(6'3$2"&$"4;'61<"$*'$!2',2!,$#!$A'(61K&$#"2!#$!$#!$219*!*!&T!3$@';",!,$#!$2!#1*!*$'&$#!$
?,'(6!21K&$*'$#"($(',<121"($5$!4,1,$&9'<"($2!&!#'($*'$?!,6121?!21K&=$M"($C'&6,"($L9&121?!#'($
I1(6,16!#'($ FCLIG$ H!21#16!&$ #!$ 2"",*1&!21K&$ *'$ #!($ ?"#T612!($ B9'3$ ?!,!$ 2!*!$ *1(6,16"3$ ##'<!&$
!*'#!&6'$#!($Q,'!($';'2961<!($F #!&'!@1'&6"3$ ,"*9221K&3$ ,"@"21K&$)"21!#3$)!#9*3$C9#69,!3$
I'?",6'(3$e1<1'&*!3$'&6,'$"6,!(G=$ !,!$'##"3$2!*!$*1(6,16"$29'&6!$2"&$9&$A!41&'6'$*'$H9&21"&!,1"($
2"",*1&!*"$?",$9&$*1,'26",]*1,'26",!$*'$*1(6,16"3$'&2!,A!*"$*'$2"",*1&!,$#!$1@?#'@'&6!21K&$
'O2!-$'$1&6'A,!#$*'$#!($?"#T612!($?N4#12!($'&$'#$6',,16",1"=
i$ C"&(1(6'$'&$9&!$&9'<!$@!&',!$*'$'#!4",!,$'#$ ,'(9?9'(6"$L9&121?!#3$!$6,!<+($*'$#!$?!,6121:
?!21K&$*1,'26!$*'$#!$?"4#!21K&$'&$#!$*'O&121K&$*'$?,1",1*!*'($5$#!$*1(6,14921K&$*'$#"($,'29,("($
'S1(6'&6'(3$1&2",?",!&*"$!#$*'4!6'$5$#!$!?,"4!21K&$*'#$?,'(9?9'(6"$!$#!($<'21&!($5$<'21&"($*'$
2!*!$4!,,1"=
 ""$$$%&'()*(+,*-.$/($)(/(.$/($012()(.$(+$304)*,-$5-6*+-

>#$'(?T,169$*'$#!$[cL3$'&$(9($1&121"(3$*1"$29'&6!$*'$#!$1&6'&21K&$*'#$A"41',&"$
#"2!#$'&$29!&6"$!$*'(!,,"##!,$#!($?"#T612!($*'$('A9,1*!*$*'(*'$9&$'&H"B9'$
&"$,'?,'(1<"$5$9&!$?',(?'261<!$*'$*','2P"($P9@!&"(=Z
E(1@1(@"3$'($*'$*'(6!2!,$'#$2"@?,"@1("$*'#$A"41',&"$#"2!#$2"&$#!$'B91:
*!*$*'$A+&',"3$B9'$P!$H!<",'21*"$#!$?!,6121?!21K&$*'$#!($@9;','($'&$*1(61&6"($
",A!&1(@"($*'$2"&(9#6!$*'$#!$("21'*!*$21<1#=$I'(*'$.ZiZ3$'#$@9&121?1"$29'&6!$
2"&$9&$j,'!$L9;',3$B9'$*'?'&*'$*'$#!$)'2,'6!,T!$*'$ ,"@"21K&$)"21!#$5$'($
,'(?"&(!4#'$*'$#!$1@?#'@'&6!21K&$*'#$ ,1@',$5$)'A9&*"$ #!&$*'$DA9!#*!*$
*'$`?",69&1*!*'($'&6,'$e!,"&'($5$L9;','(3$2"@"$6!@41+&$*'$?,"A,!@!($
'(?'2TO2"($?!,!$#!$?,'<'&21K&$5$!6'&21K&$*'$#!$<1"#'&21!$P!21!$#!($@9;','(=.X$
>#$j,'!$P!$(1*"$#!$!#1!*!$'(6,!6+A12!$?!,!$#!$1@?#'@'&6!21K&$*'$?,"A,!@!($
!?"5!*"($?",$c0Dd>L3$2"@"$'#$ ,"A,!@!$J'A1"&!#$5$'#$ ,"A,!@!$ ,'(9:
?9'(6"($)'&(14#'($!#$[+&',"=
M!$219*!*$*'$J"(!,1"$29'&6!$!$(9$<'-$2"&$",A!&1-!21"&'($*'$@9;','($
5$H'@1&1(6!($2"&$9&!$#!,A!$6,!5'26",1!$'&$#!$#92P!$?",$#"($*','2P"($*'$#!($
@9;','(3..$5$9&$1@?",6!&6'$@"<1@1'&6"$*'$@9;','($B9'$#!$1@?9#(!=$>(6'$2":
4,K$@!5",$<1(141#1*!*$'&$8XXV3$!#$",A!&1-!,$'#$keDDD$>&29'&6,"$0!21"&!#$*'$
L9;','(3.8$!$?!,61,$*'#$29!#$('$2"&OA9,K$L9;','($E96"2"&<"2!*!($*'$J"(!,1"$
FLEJG=$>(6'$'(?!21"3$2"@"$!,6129#!21K&$*'$*1<',(!($",A!&1-!21"&'(3$A,9?"($
5$@1#16!&6'($H'@1&1(6!(3$'($'#$,'H','&6'$'&$#!$#92P!$?",$#"($*','2P"($*'$#!($
@9;','($!$&1<'#$#"2!#=$E#$@1(@"$61'@?"3$('$P!$2"&(61691*"$'&$#"($N#61@"($!_"($
2"@"$9&$!26",$,'#'<!&6'$!$#!$P",!$*'$?,"?"&',$5$'S1A1,$!#$A"41',&"$#"2!#$5$
?,"<1&21!#$#!$!@?#1!21K&$5$@!6',1!#1-!21K&$*'$#!($!221"&'($?!,!$A!,!&61-!,#"(=
",$#"$'S?#1216!*"$P!(6!$!B9T3$!#$@"@'&6"$*'$('#'221"&!,$#!($#"2!#1*!:
*'($*"&*'$('$1@?#'@'&6!,T!$'#$ ,"A,!@!$J'A1"&!#3$#!$219*!*$*'$J"(!,1"$
?,'('&6!4!$ 9&$ 2"&6'S6"$ ?,"?121"3$ B9'$ 1@?9#(K$ (9$ ('#'221K&$ ?",$ ?!,6'$ *'$
CD)C)ElJ'*$L9;',$5$bQ416!6=$E(1@1(@"3$'S1(6T!&$1@?",6!&6'($!&6'2'*'&:

Z$ >&$8XXZ$2!@41K$'#$*1,'26",$*'$#!$[cLR$#!$&9'<!$!96",1*!*$P!$1@?,'("$9&$&9'<"$?',O#$
!$#!$6!,'!$*'$#"($5$#!($!A'&6'($,'(?'26"$*'$#!$A'(61K&$?,'2'*'&6'=$>&$9&$@!,2"$*'$*1(?96!($'&$
#!$"?1&1K&$?N4#12!$!2',2!$*'$#!$H9&21K&$*'$'(6!$H9',-!3$('$,'61,K$#!$[cL$*'$#!($!221"&'($*'$
?,'<'&21K&$B9'$,'!#1-!4!$'&$#"($6',,16",1"($4!,,1!#'($5$('$",1'&6K$!$6!,'!($*'$2"&6,"#=$d,'&6'$!$
'(6!$(169!21K&3$('$P!$*!*"$9&!$H9',6'$*'@!&*!$*'$#!($",A!&1-!21"&'($2"@9&16!,1!(3$B9'$'S1A'&$
*'<"#<',$!$#!$[cL$(9$,"#$1&121!#=$>&$'(6'$?#!&6'!@1'&6"$61'&'&$9&$?!,6129#!,$?,"6!A"&1(@"$#!($
@9;','($!A,9?!*!($'&$'#$C"#'261<"$*'$ ,"@"6",!($?",$9&!$C19*!*$(1&$e1"#'&21!=
.X$ >#$j,'!$L9;',$*'(!,,"##!$'#$ ,"A,!@!$*'$e1"#'&21!$*'$[+&',"3$B9'$?"(''$29!6,"$2"@?"&'&:
6'(^$a'#+H"&"$A,!6916"$*'$!('(",!@1'&6"$5$2"&(9#6!3$E6'&21K&$'&$#"($('1($*1(6,16"($*'$#!$219*!*3$
I"($!#4',A9'($?!,!$9,A'&21!($5$,1'(A"3$5$C!@?!_!($*'$?,'<'&21K&$5$?,"@"21K&$*'$*','2P"($
*'$#!($@9;','($!$<1<1,$9&!$<1*!$(1&$<1"#'&21!=
..$ D0I>)`$FD&(61696"$*'$>(69*1"($)"21!#'($*'$#!$L9;',G3$D0)[>0EJ:CMEI>L$FD&(61696"$*'$
[+&',"3$I','2P"$5$I'(!,,"##":C"@16+$M!61&"!@',12!&"$5$*'#$C!,14'$?!,!$#!$I'H'&(!$*'$#"($
I','2P"($*'$#!$L9;',G$5$C!(!$*'$#!$L9;',$FC"",*1&!21K&$*'#$C"&(",21"$E,A'&61&"$*'$E&612"&:
2'?21K&$*'$>@',A'&21!G$("&$!#A9&!($*'$#!($@Q($1@?",6!&6'($",A!&1-!21"&'($H'@1&1(6!($B9'3$
*'(*'$@'*1!*"($*'$#"($!_"($"2P'&6!3$<1'&'&$*'(!,,"##!&*"$@N#61?#'($!221"&'($'&$#!$219*!*$'&$
6",&"$!$#"($*','2P"($*'$#!($@9;','(=$
.8$ >&29'&6,"($!96"A'(61"&!*"($5$!96K&"@"(3$B9'$('$",A!&1-!&$'&$E,A'&61&!$2"&('2961<!:
@'&6'$*'(*'$P!2'$<'1&6121&2"$!_"(=$M!($@9;','(3$B9'$'&$'#$N#61@"$'&29'&6,"$##'A!,"&$!$VX$@1#3$
('$'&29'&6,!&$?!,!$*1(2961,$("4,'$9&!$@9#61?#121*!*$*'$6'@Q612!($'&$*1H','&6'($6!##','(=$M"($
1&6',2!@41"(3$,'U'S1"&'($5$2"&2#9(1"&'($B9'$('$2"@?!,6'&$@!,2!&$#!$!A'&*!$*'$#!($",A!&1:
-!21"&'($*'$@9;','($5$H'@1&1(6!($&!21"&!#'(=$L92P"($*'$#"($*','2P"($2"&B91(6!*"($*9,!&6'$
'(6!($@Q($*'$*"($*+2!*!($P!&$(1*"$1@?9#(!*"($*'(*'$'(6"($'&29'&6,"(=
 78+.6)19(+/8$,*1/-/(.$.(:1)-.## ";

6'($*'$6,!4!;"$?",$?!,6'$*'$CD)C)ElJ'*$L9;',$5$bQ416!6$'&$#!$219*!*$*'$
J"(!,1"3$B9'$!?",6!,"&$2"&"21@1'&6"$("4,'$'#$9("$*'#$'(?!21"$?N4#12"$5$#!$
?',2'?21K&$*'$('A9,1*!*$*'$#!($@9;','($'&$#!$219*!*=.V$a"*"$'##"$?',@161K$
1*'&61O2!,$?,"4#'@!($5$&'2'(1*!*'($*'$#!($@9;','($'&$,'#!21K&$!$#!$<1"#'&21!$
9,4!&!$B9'$'S?',1@'&6!&.W$5$#"A,!,$!#A9&"($!<!&2'($'&$#!$('&(141#1-!21K&$*'$
H9&21"&!,1!($5$H9&21"&!,1"($?N4#12"($5$*'$",A!&1-!21"&'($*'$#!$("21'*!*$21<1#=
C"&$'(6!($1&121!61<!($2"@"$!&6'2'*'&6'3$'&$'#$!_"$8XXY$('$2"@'&-K$!$
1@?#'@'&6!,$'&$#!$219*!*$'#$ ,"A,!@!$J'A1"&!#$/C19*!*'($(1&$<1"#'&21!$
P!21!$#!($@9;','(3$219*!*'($('A9,!($?!,!$6"*!($5$6"*"(7$Fc0Dd>L:E>CDIG3$
'#$ 29!#$ *1"$ #9A!,$ '&$ 8XXZ$ !#$ ,"A,!@!$ /C19*!*'($ 1&2#9(1<!($ 5$ A+&',"7$

.V$ ,"A,!@!$J'A1"&!#$D&*12!*",'($9,4!&"($*'$A+&',"$l$D&(6,9@'&6"$?!,!$#!$A"4',&!41#1*!*$
9,4!&!$ F8XXVG3' 2"&$ '#$ !?"5"$ *'$ c0Dd>LR$ ';'296!*"$ '&$ 21&2"$ 219*!*'($ *'$ M!61&"!@+,12!$
FE,A'&61&!^$J"(!,1"$5$L'&*"-!R$CP1#'^$a!#2!R$ !,!A9!5^$E(9&21K&R$c,9A9!5^$L"&6'<1*'"G=$
C"&(1(61K$'&$#!$1@?#'@'&6!21K&$*'$9&!$'&29'(6!$?!,!$#!$2"&(6,9221K&$*'$1&*12!*",'($9,4!&"($
("4,'$ '#$ 9("$ 5$ !?,"?1!21K&$ *'$ #"($ '(?!21"($ ?N4#12"(3$ 5$ ("4,'$ #!$ ?',2'?21K&$ *'$ #!$ <1"#'&21!$
P!21!$#!($@9;','($'&$#!$219*!*=$ ",$"6,!$?!,6'3$'&$'#$!_"$8XXW$('$*'(!,,"##K$9&!$1&<'(61A!21K&$
!2',2!$*'$#!$?',2'?21K&$*'$#!$<1"#'&21!$P!21!$#!($@9;','($'&$#!$219*!*3$'&$J"(!,1"$5$'&$e1##!$
>#$)!#<!*",3$ ',N=$>(6!$1&121!61<!3$!?"5!*!$?",$'#$d"&*"$d1*921!,1"$*'$0!21"&'($c&1*!($?!,!$
>#1@1&!,$e1"#'&21!$2"&6,!$#!$L9;',3$'($'#$!&6'2'*'&6'$B9'$*!$#9A!,$5$##'<!$'#$@1(@"$&"@4,'$
B9'$'#$ ,"A,!@!$J'A1"&!#$/C19*!*'($(1&$<1"#'&21!$P!21!$#!($@9;','(3$219*!*'($('A9,!($?!,!$
6"*!($5$6"*"(7=
.W$ )'AN&$#!$>&29'(6!$*'$D&*12!*",'($c,4!&"(3$,'!#1-!*!$'&$8XXV$'&$#!$219*!*$*'$J"(!,1"3$#!$
@!5",T!$*'$#!$?"4#!21K&$,"(!,1&!$@!&1O'(6!$('&61,('$1&('A9,!$FiW3.$?",$21'&6"G3$'(?'21!#@'&:
6'$'&$#!($2!##'($*'#$4!,,1"$5$'&$P",!,1"($&"269,&"(=$)"&$#!($@9;','($#!($B9'$?,'('&6!&$@!5",$
?",2'&6!;'$'&$#!$?',2'?21K&$*'$1&('A9,1*!*$FZ3\$?",$21'&6"$@Q($B9'$#"($<!,"&'(G$=)"&$'##!($
6!@41+&$#!($B9'$@"*1O2!&3$'&$@!5",$@'*1*!$B9'$#"($<!,"&'(3$(9($,961&!($*1!,1!($?",$,!-"&'($
*'$1&('A9,1*!*^$hV3W$?",$21'&6"$*'$#!($@9;','($H,'&6'$!$\Z38$?",$21'&6"$*'$#"($<!,"&'(=
 "<$$$%&'()*(+,*-.$/($)(/(.$/($012()(.$(+$304)*,-$5-6*+-

Fc0:a,9(6$d9&*G=$>#$6,!4!;"$'&$(1&',A1!$'&6,'$!@4"($?,"A,!@!($P!$#"A,!*"$
!@?#1!,$'#$6,!4!;"$6',,16",1!#$'&$#!$219*!*=
a,'($("&$!269!#@'&6'$#"($*1(6,16"($*'$#!$219*!*$'&$#"($B9'$('$1@?#'@'&6!&$
#!($1&121!61<!(=$E$?!,61,$*'$#"($!?,'&*1-!;'($2"&(6,91*"($'&$#!$1&6',<'&21K&$
6',,16",1!#$'&$'#$I1(6,16"$`'(6'3$#!($!221"&'($('$P!&$'S6'&*1*"$!$#"($I1(6,16"($
)9,$ 5$ 0","'(6'=.\$ >&$ #"($ 6,'($ *1(6,16"($ ('$ 6,!4!;!$ '&$ -"&!($ *'(H!<",'21*!($
("21"'2"&K@12!@'&6'3$ (1'&*"$ 9&!$ *'21(1K&$ ?"#T612!$ ?!,!$ #!$ 1&6',<'&21K&$
'#$ 6,!4!;!,$ 2"&$ #!($ @9;','($ @Q($ <9#&',!41#1-!*!(=$ )1$ 41'&$ #!$ <1"#'&21!$ *'$
A+&',"$'($9&!$?,"4#'@Q612!$B9'$!H'26!$6,!&(<',(!#@'&6'$!$6"*"($#"($('26":
,'($("21!#'(3$("&$#!($@9;','($'&$(169!21K&$*'$?"4,'-!$#!($B9'$29'&6!&$2"&$
@!5",'($,'(6,1221"&'($!$#!$P",!$*'$!H,"&6!,$#"($H!26",'($5$#!($2"&('29'&21!($
*'$#!$1&('A9,1*!*=
M!$('#'221K&$*'#$!&2#!;'$1&121!#$*'$#!($1&6',<'&21"&'($('$,'!#1-K$*'$@!:
&',!$2"&('&(9!*!$2"&$'#$A"41',&"$#"2!#=$M"($2,16',1"($*'$('#'221K&$1&121!#'($
49(2!,"&$A!,!&61-!,$9&$2"&6'S6"$H!<",'2'*",$*'$#!$?,"?9'(6!3$295"$"4;'61<"$
'($2"&(6,91,$9&$@"*'#"$*'$1&6',<'&21K&$("21":6',,16",1!#$B9'$?9'*!$(',$(1(:
6'@!61-!*"$5$'<!#9!*"$?!,!$(9$?"(14#'$,'?#12!21K&3$?,1@',"$'&$"6,!($-"&!($
*'#$@1(@"$*1(6,16"$5$#9'A"$'&$"6,"($*1(6,16"($*'$#!$219*!*=.Y
M!($ -"&!($ ('#'221"&!*!($ ?!,!$ *'(!,,"##!,$ #!$ 'S?',1'&21!$ 61'&'&$ <!,1!($
2!,!26',T(612!($'&$2"@N&^$9&!$?"4#!21K&$*'$9&$&1<'#$("21"'2"&K@12"$4!;"3.h$
?,'('&21!$*'$!('&6!@1'&6"($1,,'A9#!,'(3$'(?!21"($?N4#12"($!4!&*"&!*"($"$
B9'$,'B91','&$@';",!@1'&6"$F?#!-!(3$#9A!,'($4!#*T"(G3$?,'('&21!$*'#$A"41',:
&"$#"2!#$2"&$?,"A,!@!($*'$*1H','&6'($Q,'!($@9&121?!#'($';'296Q&*"('$?!,!$
'#$@';",!@1'&6"$*'$4!,,1"(3$<1<1'&*!($"$'(?!21"($?N4#12"(=$ ",$"6,!$?!,6'3$
H9',"&$2"&*121"&'($*'6',@1&!&6'($?!,!$#!$('#'221K&$*'#$6',,16",1"$'&$B9'$('$
*'(!,,"##!,T!$#!$'S?',1'&21!3$#!$'S1(6'&21!$*'$9&!$H9',6'$?,'('&21!$*'$A,9?"($
2"@9&16!,1"($!261<"($F",A!&1-!21"&'(3$1&(616921"&'($5$!A,9?!21"&'($B9'$,'!:
#1-!&$!221"&'($2"@9&16!,1!(3$'&$#!$2"@9&1*!*G3$#!$?,'('&21!$*'$1&(616921"&'($
A94',&!@'&6!#'($ 2"&$ !&2#!;'$ 5$ 6,!4!;"$ 6',,16",1!#$ F2'&6,"($ *'$ ?,"@"21K&$
2"@9&16!,1!3$2'&6,"($*'$(!#9*3$'62=G3$5$#!$'S1(6'&21!$*'$'(?!21"($*'$@9;','($
('&(141#1-!*"($2"&$#"($*','2P"($*'$#!($@9;','(=$ '&(!,$#!$(9(6'&6!41#1*!*$
*'$#!($!221"&'($'S1A'$2"&6!,$2"&$2"#'261<"($!261<"($'&$#!($2"@9&1*!*'(3$B9'$

.\$ )'AN&$*!6"($*'$#!$I1,'221K&$['&',!#$*'$>(6!*T(612!$*'$#!$L9&121?!#1*!*$*'$J"(!,1"3$'#$
I1(6,16"$`'(6'$29'&6!$2"&$!#,'*'*",$*'$.8\=Vh.$P!416!&6'($F!?,"S1@!*!@'&6'$.W$?",$21'&6"$
*'$#!$?"4#!21K&$6"6!#$*'$J"(!,1"G=$M!$-"&!$*'$1&6',<'&21K&$2"@?,'&*'$%!,,1"$b1?"6'2!,1"3$M!$
M!A9&16!3$)!&6!$M92T!3$e1##!$%!&!&!3$M14',6!*$5$4!,,1"$a"4!=$>#$I1(6,16"$)9,$29'&6!$2"&$.\V=\hi$
P!416!&6'($F'($*'21,3$2!(1$.h$?",$21'&6"$*'$#!$?"4#!21K&$,"(!,1&!G=$M!$-"&!$*'$1&6',<'&21K&$2"@:
?,'&*'$#"($4!,,1"($L"#1&"$%#!&2"3$)1&*12!6"$*'$#!$C!,&'3$L!A&!&"$5$'#$('26",$(9,$*'#$4!,,1"$
J"B9'$)Q'&-$ '_!=$>#$I1(6,16"$0","'(6'3$?",$(9$?!,6'3$29'&6!$2"&$.\\=i\X$P!416!&6'($F.h3.V$
?",$21'&6"$*'#$6"6!#G3$5$#!$-"&!$*'$1&6',<'&21K&$2"@?,'&*'$%!,,1"$M9*9'_!$0",6'$5$>@?!#@'$
[,!&',"(=$
.Y$ I'&6,"$*'$2!*!$*1(6,16"$('$*'#1@16K$9&!$-"&!$*'$1&6',<'&21K&$6'&1'&*"$'&$29'&6!$#"($2,16',1"($
@'&21"&!*"(=$C!*!$9&!$*'$'(6!($-"&!(3$*'$9&!$?"4#!21K&$!?,"S1@!*!$*'$'&6,'$.X$$@1#$5$8X$@1#$
?',("&!($!?,"S1@!*!@'&6'$m&"$('$29'&6!$2"&$*!6"($*'(!A,'A!*"($?",$4!,,1"(m$2"@?,'&*'&$
*'$*"($!$('1($4!,,1"(3$('AN&$'#$*1(6,16"=$M!$1&6',<'&21K&$2"@'&-K$?",$9&"$*'$'("($4!,,1"(3$2"&$
9&!$'(6,!6'A1!$*'$!@?#1!21K&$@9#61H"2!#$,!*1!*!=$
.h$ )'AN&$*!6"($*'$#!$I1,'221K&$['&',!#$*'$>(6!*T(612!$*'$#!$L9&121?!#1*!*$*'$J"(!,1"3$'(6"($
*1(6,16"($29'&6!&$2"&$9&$!#6"$?",2'&6!;'$F'&6,'$.\$5$8Y$?",$21'&6"G$*'$&'2'(1*!*'($4Q(12!($1&:
(!61(H'2P!(=$
 78+.6)19(+/8$,*1/-/(.$.(:1)-.## "=

('$2"@?,"@'6!&$5$("(6'&A!&$#!($1&121!61<!($9&!$<'-$O&!#1-!*"($#"($!?"5"($
'S6',&"($*'$,'29,("($P9@!&"($5$'2"&K@12"(=
>#$I1(6,16"$`'(6'3$*"&*'$('$1&121K$#!$'S?',1'&21!3$2"&6!4!$ &"$("#"$2"&$
&9@',"("($A,9?"($2"@9&16!,1"($!261<"($6,!4!;!&*"$'&$'#$6',,16",1"$B9'$('$
@"(6,!,"&$,'2'?61<"($*'$#!$1&121!61<!3$(1&"$6!@41+&$2"&$9&$A!41&'6'$*1(6,16!#$
2"@?,"@'61*"$2"&$#!$?,"?9'(6!$5$2"&$9&$*1Q#"A"$U91*"$2"&$#!($",A!&1-!:
21"&'($("21!#'($5$2"@9&16!,1!(=$a!@41+&$2"&$9&!$,'*$*'$@9;','($m#!$J'*$
M!-"($*'$L9;','($'&$J'*$?",$09'(6,"($I','2P"(m$B9'$5!$('$'&2"&6,!4!&$
6,!4!;!&*"$'&$,'#!21K&$2"&$#!$<1"#'&21!$P!21!$#!($@9;','(=.i
>&$ '#$ !_"$ 8XXZ3$ !$ ?!,61,$ *'$ #!$ 'S?',1'&21!$ *'(!,,"##!*!$ '&$ '#$ I1(6,16"$
`'(6'$?",$'#$ ,"A,!@!$J'A1"&!#3$!#$B9'$('$(9@K$'#$ CD5[3$('$!@?#1!,"&$#!($
-"&!($*'$1&6',<'&21K&$!#$I1(6,16"$)9,$5$!#$I1(6,16"$0","'(6'$*'$#!$219*!*=$
>($&'2'(!,1"$('_!#!,$B9'$'&$'#$I1(6,16"$)9,$P94"$9&!$*'@!&*!$'S?#T216!3$
6!&6"$*'#$j,'!$*'$#!$L9;',$*'#$L9&121?1"3$2"@"$*'$#!$J'*$*'$L9;','($*'$
)9,3$?!,!$,'?'61,$#!$1&121!61<!=

?(0.)#&%$#8.%/)*0%$#*%&)*0"4%$#/#&'#H.'7"&";'*"G(#+)#&'$#.)&'*"%()$#$%*"'&)$
M!$ 219*!*$ *'$ J"(!,1"3$ 2"@"$ 5!$ ('$ P!$ 'S?,'(!*"3$ ?,'('&6!$ 9&$ 2"&6'S6"$
("21"?"#T612"$ H!<",!4#'$ ?!,!$ '#$ *'(!,,"##"$ *'$ 1&6',<'&21"&'($ 6',,16",1!#'($
'&$#"($*1(6,16"($@'&21"&!*"(=$)1&$'@4!,A"3$'(6'$2"&6'S6"$&"$'($!;'&"$!$#!$
H,!A@'&6!21K&3$ 'S2#9(1K&$ 5$ <9#&',!41#1*!*$ B9'$ 2!,!26',1-!&$ '#$ 2"&6'S6"$
!,A'&61&"$!269!#3$5$B9'$!H'26!&$*'$9&!$@!&',!$'(?'21!#$!$#"($('26",'($@Q($
'@?"4,'21*"($*'$&9'(6,"$?!T(=$M!$H,!A1#1*!*$*'$#"($?,"5'26"($2"#'261<"(3$'#$
*'(2,'1@1'&6"$'&$#!$2#!('$?"#T612!$5$'&$#!($",A!&1-!21"&'($("21!#'(3$'#$2#1'&:
6'#1(@"$?"#T612"$5$#!($?!,6121?!21"&'($/"4#1A!*!(7.Z$("&$6!@41+&$?!,6'$*'$#!$
2"61*1!&1*!*$'&$#"($4!,,1"($,"(!,1&"(=
>#$,'6,!1@1'&6"$!#$'(?!21"$?,1<!*"$'($2!*!$<'-$@Q($@!,2!*"=$E$#!$6,!*1:
21"&!#$?,1<!61-!21K&$*'$#!($&'2'(1*!*'($*'$#!($@9;','($('$#'$(9@!&$'#$@1'*"$
5$#!$?',2'?21K&$*'$1&('A9,1*!*3$1&2,'@'&6!*"($2!*!$<'-$@Q($6!&6"$?",$#!$
2,'21'&6'$<1"#'&21!$'&$#"($'(?!21"($?N4#12"($mB9'$#!($!H'26!$*'$@!&',!$?!,:
6129#!,m3$2"@"$?",$'#$*1(29,("$*1H9&*1*"$?",$#"($@'*1"($*'$2"@9&12!21K&$
*'$6"*"$'#$?!T(3$B9'$@!A&1O2!$*12P!$?',2'?21K&=$>(6"$('$*!$'&$'#$@!,2"$*'$
*1(?96!($ 1*'"#KA12!($ 5$ ?"#T612!($ !2',2!$ *'$ #!$ ('A9,1*!*]1&('A9,1*!*$ 5$ #!$
<1"#'&21!3$(9($2!9(!(3$(9($2"&('29'&21!(3$5$'#$61?"$*'$,'(?9'(6!($&'2'(!,1!($
?!,!$!4",*!,#!(=

.i$ >(6!$J'*$'($9&!$!,6129#!21K&$*'$@9;','($B9'$!4",*!$#!$?,"4#'@Q612!$*'$#!$<1"#'&21!$*'$A+:
&',"$!2"@?!_!&*"$5$2"&6'&1'&*"$!$#!($@9;','($<T261@!($*'$<1"#'&21!3$!$?!,61,$*'$,'2"&"2',('$
5$(',$,'2"&"21*!($2"@"$,'29,("$2"@9&16!,1"$'&$'#$!4",*!;'$*'$#!$?,"4#'@Q612!$B9'$#!($!H'26!=$
E$(9$<'-3$49(2!$#!$('&(141#1-!21K&$*'$<'21&"($5$<'21&!($'&$'#$6'@!$'$1@?#'@'&6!$!221"&'($?!,!$
?,"@"<',$#"($*','2P"($*'$#!($@9;','(=$M!$2"&H",@!21K&$*'$#!$J'*$'($?,"*926"$*'$9&$?,"5'26"$
*'#$ ,'(9?9'(6"$ !,6121?!61<"3$<"6!*"$'&$8XXW3$2"",*1&!*"$?",$'#$j,'!$*'$#!$L9;',3$B9'$('$
1@?#'@'&6K$'&$#"($*1(6,16"($0","'(6'3$)9,"'(6'3$`'(6'$5$)9,=$>&$#!$!269!#1*!*3$#!$J'*$(1A9'$'&$
H9&21"&!@1'&6"$'&$*"($*1(6,16"(^$'&$'#$I1(6,16"$`'(6'3$M!-"($*'$L9;','($'&$J'*$?",$09'(6,"($
I','2P"(R$5$'&$'#$I1(6,16"$)9,3$J'*$*'$L9;','($*'#$)9,=
.Z$ !,6121?!21"&'($/"4#1A!*!(7$("&$!B9'##!($B9'$#!($?',("&!($*'(!,,"##!&$2"@"$,'B91(16"$m53$
?",$'##"3$"4#1A!*"m$?!,!$(',$,'6,1491*!($2"&$1&A,'("($@"&'6!,1"(3$2!;!($*'$!#1@'&6"3$!22'(141#1:
*!*$!$?"#T612!($?N4#12!(3$'62=3$5$B9'$('$9412!&$'&$'#$6',,'&"$*'#$*1(29,("$?"#T612"$5$*'#$2"61*1!&"$
2"@"$/4'&'O21"(7$5$&"$2"@"$/*','2P"(7$FJ"*1A"9$8XX8G !
 ">$$$%&'()*(+,*-.$/($)(/(.$/($012()(.$(+$304)*,-$5-6*+-

>&$'(6'$2"&6'S6"3$#!$*'(2"&O!&-!$'($9&"$*'$#"($('&61@1'&6"($B9'$2"&$
H,'29'&21!$@!,2!&$#!($,'#!21"&'($("21!#'($5$?,"@9'<'&$'#$,'6,!1@1'&6"$!$#"$
?,1<!*"=$M!$2!(!$(1A9'$(1'&*"$?',2141*!$2"@"$9&$'(?!21"$*'$?,"6'221K&$?!,!$
6"*"($#"($@1'@4,"($*'$#!$H!@1#1!3$!9&$!$#!$#9-$*'#$,'2"&"21@1'&6"$*'#$!#6"$
T&*12'$*'$<1"#'&21!$B9'$<1<'&$#!($@9;','($F5$#!($&1_!($5$&1_"(G$'&$'('$Q@416"=$
n$;9&6"$2"&$'("3$('$P!$2"&<',61*"$'&$9&$'(?!21"$B9'$('$*'4'$?,"6'A',$*'$#"($
*'#16"($2"&6,!$#!$?,"?1'*!*=8X
M!$*'(2"&O!&-!$('$A'&',!#1-!$6!@41+&$P!21!$#!($",A!&1-!21"&'($("21!#'($
5$2"@9&16!,1!(=$M!$2",,9?21K&3$'#$2#1'&6'#1(@"$5$#!($?,Q2612!($!96",16!,1!($B9'$
!#A9&!($*'$'##!($*'(!,,"##!&3$2"&(61695'&$9&$"4(6Q29#"$?!,!$#!$?!,6121?!21K&$
*'$#!$2"@9&1*!*$5$*1O29#6!&$#!$?"(141#1*!*$*'$2"&(6,91,$?,"5'26"($'&$2"@N&$
B9'$<!5!&$@Q($!##Q$*'$&'2'(1*!*'($?',("&!#'($"$H!@1#1!,'(=
L92P!($*'$#!($",A!&1-!21"&'($("21!#'($5$2"@9&16!,1!($?,'('&6'($'&$#"($
*1(6,16"($`'(6'3$)9,$5$0","'(6'$*'$J"(!,1"$P!&$(9,A1*"$5$('$P!&$*'(!,,"##!*"$
'&$'(!$6'&(1K&$'&6,'$#!$*'(2"&O!&-!$5$#!$?"(141#1*!*$*'$?,"5'26"($2"#'261<"(=
E(1@1(@"3$!9&$29!&*"$@92P!($*'$'(6!($",A!&1-!21"&'($("&$#1*',!*!($?",$
@9;','($m<!,1!($("(6'&1*!($("#"$?",$9&!$"$*"($@9;','(m3$2"&61&N!$(1'&*"$
9&$ *'(!HT"$ ?!,!$ '##!($ (9?',!,$ #!($ *'@!&*!($ <1&29#!*!($ !$ #!$ (94(1(6'&21!$
2"61*1!&!3$2"@"$@'*1!*",!($*'$#!($&'2'(1*!*'($H!@1#1!,'(=$)1A9'$?'&*1'&6'$
#!$?"(141#1*!*$*'$1&2#91,$#!($?,"4#'@Q612!($B9'$('$*',1<!&$*'$(9$2"&*121K&$*'$
A+&',"$'&6,'$#!($?,1",1*!*'($*'$!221K&$*'$#!($@9;','($?!,6121?!&6'($'&$'(6!($
",A!&1-!21"&'(3$5$!<!&-!,$'&$6",&"$!$(9($*','2P"($2"@"$@9;','(=
E269!#@'&6'$'($'(2!(!$"$1&(9O21'&6'$#!$1&2#9(1K&$*'$#!($&'2'(1*!*'($5$
*'@!&*!($ *1H','&21!*!($ *'$ #!($ @9;','(3$ *',1<!*!($ *'$ #!$ *1<1(1K&$ ('S9!#$
*'#$6,!4!;"3$'&$#!($!A'&*!($2"@9&16!,1!($5$'&$#!($'(6!6!#'(3$5$'##"$?'('$!$#"($
#"A,"($*'#$@"<1@1'&6"$*'$@9;','($5$H'@1&1(6!($'&$#!$,'A1K&=$>&$,'#!21K&$2"&$
#!$!A'&*!$*'#$>(6!*"3$'($*'$*'(6!2!,$B9'$!9&B9'$'#$L9&121?1"$*'$J"(!,1"$
29'&6!$2"&$?"#T612!($B9'$?,"@9'<'&$#!$'B91*!*$*'$A+&',"3$#!$1@?#'@'&6!:
21K&$*'$6!#'($1&121!61<!($'($6"*!<T!$1&(9O21'&6'$5$?,'('&6!$*'41#1*!*'(3$B9'$
*',1<!&$m'&6,'$"6,!($2!9(!(m$*'$#!($,'(1(6'&21!($!#$2!@41"$1&*1<1*9!#'($'$
1&(616921"&!#'($!N&$&"$(9?',!*!($5$B9'$'($&'2'(!,1"$<'&2',=
M!$<1"#'&21!$2"61*1!&!$B9'$!H'26!$!$#!($@9;','($'&$#"($'(?!21"($H!@1#1!,'($
5$?N4#12"($'($A'&',!#@'&6'$o1&<1(141#1-!*!p$"$@1&1@1-!*!=$>&$9&$2"&6'S6"$*'$
?,1<!21K&$5$,'(6,1221K&$*'$*','2P"($219*!*!&"(3$'&$?!,6129#!,$'&$#"($('26",'($
@Q($<9#&',!41#1-!*"($*'$#!$219*!*3$#!($<1"#'&21!($B9'$<1<'&$#!($@9;','($("&$
?',2141*!($2"@"$@'&"($A,!<'(3$!1(#!*!($"$!221*'&6!#'(=8.$)1&$'@4!,A"3$'#$

8X$ 0"$?"*',$*';!,$#!$2!(!$("#!3$?!,!$'<16!,$,"4"(3$'($9&"$*'$#"($"4(6Q29#"($B9'$#!($@9;','($
@'&21"&!,"&$'&$#"($A,9?"($H"2!#'($,'!#1-!*"($?",$'#$ CD5[$'&$8XXZ3$!#$?#!&6'Q,('#'($#!$?"(1:
41#1*!*$*'$?!,6121?!,$'&$",A!&1-!21"&'($"$?,"5'26"($("21!#'($"$2"@9&16!,1"(=
8.$ C!4'$ ,'2",*!,$ !B9T$ #"($ 21&2"$ @'2!&1(@"($ *'$ o1&<1(141#1-!21K&p$ *'$ #!$ <1"#'&21!$ P!21!$ #!($
@9;','(3$1*'&61O2!*"($'&$#!$1&<'(61A!21K&$/ ',2'?21"&'($("4,'$#!$<1"#'&21!$9,4!&!$P!21!$#!($
@9;','($ '&$ #!$ 219*!*$ *'$ J"(!,1"73$ *'(!,,"##!*!$ ?",$ CD)C)E:J'*$L9;',$ 5$ bQ416!6$ '&$ 8XXW=$
I12P"($@'2!&1(@"($("&^$.G$"-'.")$,#,$%5%"#3,'."'-&)'"6*"0%"#$%&)'."'7%,-"#$%&'$,3%.%&#&'7%7%.&)'*,0'
-&)'589"0")$'&$#!($219*!*'(3$&"$1*'&61O2!*!($2"@"$/*'#1269!#'(7$53$?",$6!&6"3$&"$<1(14#'($?!,!$
#!$("21'*!*$5$#!($1&(616921"&'($?N4#12!(R$8G$#!$0"-&3%7%:&$%1#!*'#$*!_"$5$#!($2"&('29'&21!($B9'$
1@?#12!&$?!,!$#!($@9;','($'(6!($H",@!($*'$<1"#'&21!$2"61*1!&!$F/&"$H9'$6!&6"===$&"$#!$<1"#K7GR$VG$
#!$$8-*&;%-%:&$%1#'&'-&)'589"0")$?",$#!($2"&*926!($!A,'(1<!($*'$B9'$("&$"4;'6"3$#"$B9'$1@?#12!$9&!$
*"4#'$<1261@1-!21K&$F/<"($6'$#!$49(2!(6'7GR$WG$#!$<,$&-%:&$%1#'='&),$%&$%1#'."'-&'7%,-"#$%&'$,#'$%"03,)'
 78+.6)19(+/8$,*1/-/(.$.(:1)-.## "?

1&2,'@'&6"$*'#$&N@',"$*'$2"&(9#6!($?",$?!,6'$*'$@9;','($!$#"($(',<121"($*'$
!6'&21K&$*'#$j,'!$L9;',$*'#$L9&121?1"$*'$J"(!,1"88$*!$29'&6!$*'$9&$!<!&2'$
'&$'#$,'2"&"21@1'&6"$?",$?!,6'$*'$@92P!($@9;','($*'$#!$<1"#'&21!$B9'$<1<'&$
'&$#"($'(?!21"($?,1<!*"(=$E#$@1(@"$61'@?"3$'($*'$*'(6!2!,$B9'$("&$#!($@9:
;','($@Q($;K<'&'($#!($B9'$@Q($*!&$29'&6!$*'$#!($<1"#'&21!($B9'$#!($@9;','($
<1<'&$ '&$ #"($ '(?!21"($ ?N4#12"(3$ ('AN&$ #"($ ,'(9#6!*"($ *'$ #!$ 1&<'(61A!21K&$
,'!#1-!*!$'&$#!$219*!*$'&$#"($*1(6,16"($)9,$5$0","'(6'=8V
>($1@?",6!&6'$,'(!#6!,$#!$'S1(6'&21!$*'$(',<121"($*'$!6'&21K&$5$*'$!221"&'($
*'$?,'<'&21K&$*'$#!$<1"#'&21!$P!21!$#!($@9;','($5$*'$?,"@"21K&$*'$*','2P"(3$
2"@"$'#$ ,"A,!@!$*'$ ,'<'&21K&$5$!6'&21K&$!$#!$<1"#'&21!$*'$A+&',"3$'#$ ,":
A,!@!$0"<1!-A"($&"$<1"#'&6"(3$*'#$j,'!$L9;',$*'#$L9&121?1"3$5$'#$ ,"A,!@!$
*'$C!?!216!21K&$'&$"O21"(3$*'#$ ,'(9?9'(6"$ !,6121?!61<"=$)1&$'@4!,A"3$*':
4'@"($,'2"&"2',$2"@"$*+O216$B9'$#!$1&H",@!21K&$("4,'$#!$'S1(6'&21!$*'$#"($

!08*,)'."'589"0")'F#!($@9;','($?"4,'(3$#!($@9;','($;K<'&'(3$#!($6,!4!;!*",'($('S9!#'(G3$2"&$#"$B9'$
('$#1@16!$(9($!#2!&2'($5$('$!4"&!$#"($'(6','"61?"($("21!#'(R$\G$#!$>*&3,-,!%:&$%1#?'."'-&'7%,-"#$%&'
@&$%&'-&)'589"0")A!(1$#!$<1"#'&21!$'($9&$H'&K@'&"$1&*1<1*9!#$5$?(12"?!6"#KA12"3$('$*'(2"&"2'$(9$
,'!#$@!A&169*$FJ!1&',"3$J"*1A"9$0"2'661$5$ +,'-$8XXYG=$>(6!$1*'&61O2!21K&$P!$(1*"$9&$@95$
<!#1"("$!?",6'$2"&2'?69!#$&"$("#"$?!,!$2"@?,'&*',$#!$*1&Q@12!$*'$#!$,'?,"*9221K&$("21!#$*'$
#!$<1"#'&21!$P!21!$#!($@9;','(3$(1&"$6!@41+&$?!,!$",1'&6!,$!221"&'($?!,!$!4",*!,#!=
88$ >#$a'#+H"&"$e',*'3$9&"$*'$#"($2"@?"&'&6'($*'#$ ,"A,!@!$*'$E6'&21K&$!$#!$<1"#'&21!3$*'#$
j,'!$L9;',3$,'2141K$'&$!A"(6"$*'$8X.X$WXX$##!@!*"(R$5$'&$('?61'@4,'3$W\8=$E$#"$#!,A"$*'$6"*"$
'#$!_"$H9',"&$W$@1#$2"&(9#6!($#!($,'2141*!(=$>($1@?",6!&6'$*'(6!2!,$B9'$'&$9&$i\$?",$21'&6"$*'$
#"($2!("(3$B91'&'($##!@!&$("&$@9;','(=
8V$ M!($'&29'(6!($2!##';',!($,'!#1-!*!($?",$CD)C)E$'&$8XXZ$!$@9;','($@!5",'($*'$.Y$!_"($'&$#"($
*1(6,16"($)9,$5$0","'(6'$('_!#!&$B9'$*'#$6"6!#$*'$'&29'(6!*!($F!?,"S1@!*!@'&6'$h8X$@9;','(G3$
'#$\.$?",$21'&6"$,'2"&"21K$P!4',$<1<1*"$(169!21"&'($*'$<1"#'&21!$'&$*1H','&6'($'(?!21"($?N4#12"($
*'$#!($-"&!($*'$1&6',<'&21K&=$I'$'(6'$?",2'&6!;'3$("&$#!($@9;','($'&6,'$.Y$5$8W$!_"($F!#,'*'*",$
*'#$hZ$?",$21'&6"G$#!($B9'$@!5",@'&6'$,'2"&"2'&$#!($(169!21"&'($*'$<1"#'&21!3$*1(@1&95'&*"$
'#$?",2'&6!;'$2"&$#!$'*!*=
 "@$$$%&'()*(+,*-.$/($)(/(.$/($012()(.$(+$304)*,-$5-6*+-

(',<121"($&"$##'A!$!$6"*"($#"($6',,16",1"($4!,,1!#'(3$*1O29#6!&*"$#!$?"(141#1*!*$
*'$*!,$<1(141#1*!*$!$#!$?,"4#'@Q612!$*'$#!$<1"#'&21!$53$!#$@1(@"$61'@?"3$"4(:
6!29#1-!&*"$'#$!22'("$*'$#!$?"4#!21K&$@Q($<9#&',!41#1-!*!$!$'(6"($(',<121"(=

9AI#E=A@?IAI#E>=BF@FE>BFJAI#K#A=L>!FM>BFJAI#D?#9>I#NOP?=?I2##
@A!IB=OK?!DA#O!>#=AI>=FA#IF!#JFA9?!@F>

E#$ @1,!,$ ,'6,"(?'261<!@'&6'$ '#$ ?,"2'("$ ?!,6121?!61<"$ 5$ ",A!&1-!61<"$ 2"&$

5$*'$#!($@9;','(3$?"*'@"($*1(61&A91,$29!6,"$@"@'&6"(=$>##"($&"$("&$2,":
&"#KA12"($(1&"$#KA12"(3$2"'S1(6'&$'&6,'$(T$5$('$H9',"&$*!&*"$2"&$*1&Q@12!($
5$ ,16@"($ *1H','&6'($ '&$ #"($ 6,'($ *1(6,16"(=$ >(6Q&$ T&61@!@'&6'$ ,'#!21"&!*"($
2"&$#"($"4;'61<"($'$1&6'&21"&'($*'$#"($?,"A,!@!($B9'$(1,<'&$*'$4!('$!$#!($
1&6',<'&21"&'(3$?',"$<!&$@Q($!##Q$*'$#"($@1(@"(=$>&$'(6'$?9&6"3$H9'$*'$<16!#$
1@?",6!&21!$!6'&*',$!$#!($?!,6129#!,1*!*'($B9'$H9',"&$",1'&6!&*"$2!*!$9&"$
*'$#"($?,"2'("(=$E$?!,61,$*'$'##"3$#!($'(6,!6'A1!($*'(?#'A!*!($?",$'#$'B91?"$
*'$1&6',<'&21K&8W$H9',"&$*1<',(!($5$6'&*1'&6'($!$,'(?'6!,$#"($61'@?"($5$,16:
@"($?,"?1"($*'$#!($@9;','(3$?"6'&21!&*"$'#$6,!4!;"$2"#'261<"$!$?!,61,$*'$#"($
(!4','($5$2!?!21*!*'($2"&$B9'$'##!($29'&6!&$1&*1<1*9!#$5$2"#'261<!@'&6'=8\

8W$ $>#$'B91?"$*'$6,!4!;"$2"",*1&!*"$?",$CD)C)E$?!,!$#!($1&6',<'&21"&'($6',,16",1!#'($'(69<"$
2"&H",@!*"$?",$L!,!$0!-!,3$0!6!#1!$ "@!,'(3$E#';!&*,!$J";!($L'#1&!$E,,1'6!3$)1#<1&!$["&:
&'63$ !"#!$%#!&'($5$)"#'*!*$ +,'-=$>&$#"($!_"($?,'2'*'&6'(3$L!16'$J"*1A"9$5$)"O!$L"&(',,!6$
H9',"&$?!,6'$*'#$'B91?"$,'(?"&(!4#'$*'$#!$1@?#'@'&6!21K&$*'#$ ,"A,!@!=
8\$ $M!($P',,!@1'&6!($5$*1&Q@12!($961#1-!*!($?",$'#$'B91?"$*'$1&6',<'&21K&$('$,'#!21"&!&$2"&$
#!$'*92!21K&$?"?9#!,3$#!$?(12"#"AT!$2"@9&16!,1!3$#!$'*92!21K&$*'(*'$'#$!,6'=
 78+.6)19(+/8$,*1/-/(.$.(:1)-.## "!

E."5).#5%5)(0%2#@3'(+%#&'#4"%&)(*"'#+)<'#+)#$).#$%&%#)(#&'#*'$'

0"$@'$*!4!$29'&6!$B9'$#!$<1"#'&21!$P!21!$#!($@9;','($'(6!4!$6!@41+&$'&$#!$
2!##'=$n"$#"$?1'&("$?",$@T$@1(@!$B9'$("5$@95$@1'*"(!3$!P",!$@'$(1'&6"$
@Q($H9',6'=$a,!6"$*'$2!@1&!,$?",$#!($2!##'($B9'$@'$P!2'&$('&61,$@Q($('A9,!3$
<'"$(1$P!5$#9-=$E&6'($!$'("$&"$#'$*!4!$4"#1##!=
FL=3$@9;',$*'#$I1(6,16"$)9,G

>#$ *1(29,("$ ("4,'$ ('A9,1*!*]1&('A9,1*!*$ B9'$ ?,'*"@1&!$ 2!*!$ <'-$ 2"&$

@!5",$H9',-!$'&$#!($219*!*'($*'$#!$,'A1K&$?,'('&6!$'(6!$?,"4#'@Q612!$2"@"$
9&!$(169!21K&$B9'$!H'26!$!$6"*"($mP"@4,'($5$@9;','(3$&1_"($5$!*9#6"(m$
?",$1A9!#R$B9'$!9@'&6!$2"&(6!&6'@'&6'$'&$#"($*1H','&6'($2'&6,"($9,4!&"($
5$B9'$<9'#<'$1&"29!$29!#B91',$H",@!$*'$,'("#921K&$B9'$&"$1@?#1B9'$@Q($
,'?,'(1K&3$@Q($2"&6,"#3$@Q($H9',-!($*'$('A9,1*!*=
>&$'(6'$@!,2"3$,'2"&"2',$#!$'(?'21O21*!*$*'$#!$<1"#'&21!$P!21!$#!($@9:
;','($'&$#!($219*!*'(3$'&$#"($'(?!21"($?N4#12"(3$'($9&$?,"2'("$2"@?#';"$B9'$
,'B91','$P!2',$<1(14#'($#!($2!9(!($5$2"&('29'&21!($B9'$61'&'$'&$#!$<1*!$*'$
#!($@9;','(3$5$'#$*1('_"$*'$'(6,!6'A1!($2"@?#';!($B9'$1&2",?",'&$#"($H!26",'($
,'#!61<"($!$#!$<1*!$2"61*1!&!=
M!($@N#61?#'($,'(6,1221"&'($'&$(9($*','2P"($219*!*!&"($B9'$!H'26!&$!$#!($
@9;','($*'$#"($('26",'($<9#&',!41#1-!*"($2"&6,1495'&$!$B9'$#!$<1"#'&21!$B9'$
'S?',1@'&6!&$'&$#!$219*!*$&"$('!$<1(6!$2"@"$9&$?,"4#'@!$?,1",16!,1"3$(1&"$
2"@"$9&!$@Q($*'$#!($<1"#'&21!($B9'$<1<'&$2"61*1!&!@'&6'=$>&$'(6'$('&61*"3$
'&6'&*'@"($2"&$0!&25$d,!(',$F.ZZhG$B9'$#!($?,"4#'@Q612!($*'$A+&',"$,':
B91','&$&'2'(!,1!@'&6'$*'$'(6,!6'A1!($(9,A1*!($*'$9&$2"&2'?6"$41<!#'&6'$
*'$#!$;9(6121!$B9'$#"A,'$,'2"&21#1!,$#!($?"#T612!($29#69,!#'($*'$,'2"&"21@1'&6"$
2"&$#!($?"#T612!($("21!#'($*'$,'*1(6,14921K&=
E#$ 1&121!,$ '#$ 6,!4!;"$ 6',,16",1!#$ 2"&$ #!($ @9;','(3$ ('$ 961#1-!,"&$ *1H','&6'($
*1(?"(161<"($'&$!261<1*!*'($*'$('&(141#1-!21K&^$!261<1*!*'($,'2,'!61<!($'&$#"($
'(?!21"($?N4#12"(3$6!##','($*'$2!?!216!21K&3$/2!@1&!6!($'S?#",!6",1!(7$?!,!$
1*'&61O2!,$6!&6"$#"($#9A!,'($?',2141*"($2"@"$1&('A9,"($2"@"$#!($2!9(!($*'$
'(6!$?',2'?21K&$*'$1&('A9,1*!*=$E(1@1(@"3$('$*'(!,,"##!,"&$A,9?"($H"2!#'($
?!,!$?,"H9&*1-!,$'&$#!($'S?',1'&21!($*'$#!($@9;','($'&$#!$219*!*$5$#!($(169!:
21"&'($*'$<1"#'&21!$<1<1*!(3$2"@"$6!@41+&$'&29'(6!($2!##';',!($?!,!$"4;'61<!,$
#!$*1@'&(1K&$*'$'(6!$?,"4#'@Q612!=$E#A9&"($*'$'(6"($*1(?"(161<"(3$@Q($!##Q$*'$
(',$?,"?1!@'&6'$P',,!@1'&6!($*'$,'2"#'221K&$*'$*!6"($'&$9&$?,"2'("$1&<'(:
61A!61<"3$2"&(61695'&$6!@41+&$P',,!@1'&6!($*'$('&(141#1-!21K&=$ !,!$@92P!($
@9;','(3$("&$#!$?,1@',!$1&(6!&21!$'&$B9'$'(292P!&$"$*'4!6'&$!2',2!$*'#$6'@!=$
!,!$"6,!(3$("&$2!6!#1-!*",!($*'$9&$?,"2'("$*'$,'2"&"21@1'&6"$*'#$@1(@"=
E$?!,61,$*'$'(6!($P',,!@1'&6!(3$('$H9',"&$?#!&6'!&*"$29'(61"&!@1'&6"($
!#$*1(29,("$1@?',!&6'$("4,'$#!$1&('A9,1*!*$5$('$2"@'&-K$!$?'&(!,$("4,'$#!$
H",@!$'(?'2TO2!$'&$B9'$#!$<1"#'&21!$'&$#!($219*!*'($1@?!26!$'&$#"($29',?"($
*'$#!($@9;','(=$a!@41+&$('$1&6',?'#K$5$('$1&6'&6K$*'2"&(6,91,$#"($@'2!&1(@"($
B9'$?',@16'&$5$H!21#16!&$#!$1&<1(141#1-!21K&$5$,'?,"*9221K&$*'$#!($<1"#'&21!($
P!21!$#!($@9;','(=
J'2"&"2',$#!$?,"?1!$'S?',1'&21!$'&$#!$'S?',1'&21!$*'$#!($"6,!($@9;','(3$
?"*',$1*'&61O2!,$B9'$#!($2!9(!($*'$#!($<1"#'&21!($B9'$('$<1<'&$'&$#"($'(?!21"($
 ;#$$$%&'()*(+,*-.$/($)(/(.$/($012()(.$(+$304)*,-$5-6*+-

?N4#12"($'(6Q&$T&61@!@'&6'$#1A!*!($!$#!($<1"#'&21!($B9'$('$*!&$'&$'#$'(?!21"$
?,1<!*"3$H9'$'#$,'(9#6!*"$*'$#"($'&29'&6,"($*'$('&(141#1-!21K&$5$2!?!216!:
21K&=$C"@?!,61,$1&H",@!21K&$("4,'$#!($@!&',!($2"#'261<!($*'$,'("#921K&$*'$
(169!21"&'($2"&U1261<!(3$H!21#16K$#!$!?,"?1!21K&$*'$#!$?,"4#'@Q612!$?",$?!,6'$
*'$#!($@9;','(=
d9'$?"(14#'$1*'&61O2!,$#!($(169!21"&'($B9'$,'(6,1&A'&$'#$9("$5$*1(H,96'$*'$
#"($'(?!21"($?N4#12"($?",$?!,6'$*'$#!($@9;','(=$ "*',$*'O&1,#!($2"@"$<1"#'&:
21!(3$*1(61&A91,$5$&"@4,!,$#!($*1H','&6'($'S?,'(1"&'($*'$<1"#'&21!$('S9!#$B9'$
<1<'&$'&$#!($2!##'($*'#$4!,,1"3$'&$'#$6,!&(?",6'$?N4#12"3$'&$#!$219*!*3$?',@161K$
#!$*'(&!69,!#1-!21K&$*'$'(6!($<1<'&21!($2"61*1!&!(=$n$'##"$2"&6,1495K$!$B9'$
#!($@9;','($,'2"&"21',!&$#"($*','2P"($B9'$#'($!(1(6'&$2"@"$219*!*!&!($!$
21,29#!,$?",$'#$4!,,1"$5$#!$219*!*$*'$9&!$@!&',!$('A9,!$5$(1&$,'(6,1221"&'(=
E(1@1(@"3$('$*1(61&A91',"&$#"($#9A!,'($5$#"($@"@'&6"($*'#$*T!$*"&*'$
(92'*'&$ #!($ <1"#'&21!($ 2"&(1*',!*!(3$ *'(?';!&*"$ #!$ 2,''&21!$ *'$ B9'$ ("#"$
"29,,'&$'&$*'6',@1&!*"($#9A!,'($5$N&12!@'&6'$?",$#!$&"2P'=$M!$'&29'(6!8Y$
,'!#1-!*!$?",$'#$'B91?"$*'$6,!4!;"$*'$CD)C)E$'&$'#$!_"$8XXZ$'<1*'&21K$B9'$
\.$?",$21'&6"$*'$#!($@9;','($B9'$<1<'&$<1"#'&21!$('_!#!&$B9'$#!$'S?',1@'&6!&$
6!&6"$*'$*T!$2"@"$*'(?9+($*'$"(29,'2',3$@1'&6,!($B9'$.Y$?",$21'&6"$("#"$
?",$#!$&"2P'$5$'#$V.$?",$21'&6"$("#"$*9,!&6'$'#$*T!=
>(6!($,'U'S1"&'($5$2"&"21@1'&6"($?',@161',"&$<"#<',$!$@1,!,$'#$4!,,1"$
*'(*'$9&!$&9'<!$?',(?'261<!3$49(2!&*"$?"&',$'&$6'&(1K&$#!$'(61A@!61-!21K&$
("21!#$*'$#"($4!,,1"($<9#&',!41#1-!*"($'&$@!6',1!$*'$('A9,1*!*]1&('A9,1*!*=$
E#$2!@1&!,$#"($#9A!,'($?!,!$1*'&61O2!,$#"($H!26",'($B9'$P!2'&$B9'$#!($@9;','($
('$(1'&6!&$1&('A9,!(3$('$!<!&-K$'&$,'#!21"&!,$*12P"($H!26",'($2"&$'#$@1'*"$

8Y$ )'$P!2'$1@?",6!&6'$*'(6!2!,$B9'$#!$6"@!$*'$#!$'&29'(6!$'(69<"$!$2!,A"$*'$@9;','($B9'$
1&6'A,!&$'#$C"#'261<"$*'$ ,"@"6",!($?",$9&!$C19*!*$(1&$e1"#'&21!$'$1&6'A,!&6'($*'$#!$J'*$*'$
L9;','($*'#$)9,3$#"$B9'$A'&',K$'(?!21"($*'$('&(141#1-!21K&$5$9&$!O!&-!@1'&6"$*'$#"($2"&"21:
@1'&6"($'&$6",&"$!$#!$?,"4#'@Q612!=
 78+.6)19(+/8$,*1/-/(.$.(:1)-.## ;

*'$#!($@9;','(3$@92P!($<'2'($2!#1O2!*"$?",$"6,!($?',("&!($2"@"$1&H9&*!*"$
"$/'S!A',!*"7=$ !,!$'##!(3$'(6'$2"&"21@1'&6"$2"&6,1495K$!$*!,#'$(9(6'&6"$
"4;'61<"$!#$@1'*"3$5$6!@41+&$!$*'(?,1<!61-!,#"=
d9'$ H9&*!@'&6!#3$ 2"@"$ ?!,6'$ *'$ '(6'$ ?,"2'("3$ 29'(61"&!,$ '#$ *1(29,("$
B9'$29#?!41#1-!$5$,'(?"&(!41#1-!$!$#!($@9;','($?",$#!($<1"#'&21!($B9'$<1<'&=
J'2"&"2',$'#$*','2P"$!$9(!,$5$*1(H,96!,$#"($'(?!21"($?N4#12"($H9'$*!&*"$
#9A!,$!$#!$?,'A9&6!$("4,'$#!($6,!&(H",@!21"&'($&'2'(!,1!(]?"(14#'($?!,!$B9'$
'(6'$*','2P"$&"$('!$("#"$,'6K,12"=
E4",*!,$#!$?,"4#'@Q612!$*'$#!$<1"#'&21!3$#!$1&('A9,1*!*$5$'#$6'@",$'&$#!$
219*!*$H9'$A'&',!&*"$'&6,'$#!($@9;','($9&$'(?!21"$*'$'&29'&6,"3$'&$'#$29!#3$
&"$(1&$6'&(1"&'($&1$2"&U126"(3$2"4,!$9&!$&9'<!$(1A&1O2!21K&$#!$?,"?9'(6!$
*'$6,!4!;!,$2"#'261<!@'&6'$?",$9&!$219*!*$(1&$<1"#'&21!$P!21!$#!($@9;','($
2"@"$2"&*121K&$*'$9&!$219*!*$('A9,!$?!,!$6"*"(=

I)73(+%#5%5)(0%2#D)&#.)*%(%*"5")(0%#'#&'$#*%(+"*"%()$#+)#8%$"-"&"+'+#
+)#&'#'**"G(#*%&)*0"4'

!,!$@T$P!5$9&$!&6'($5$9&$*'(?9+($*'$?!,6121?!,$!2Q=$E&6'($6,!4!;Q4!@"($
(1'@?,'$'&$#9A!,'($2',,!*"(=$0"("6,!($!*'&6,"3$P!4#!&*"$*'$#!$<1"#'&21!$B9'$
(92'*'$!*'&6,"=$EP",!$&"($<'"$'&$#!$2!##'=$q9(6!@'&6'$#!$2!##'$'($'#$#T@16'$
*'#$!&6'($5$'#$*'(?9+(=$EP",!$&"($'&2"&6,!@"($2"&$"6,!(3$5$9&!$6!@41+&$('$
!&1@!$!$P!2',$"6,!($2"(!(3$2"(!($!$#!($B9'$!&6'($&"$('$!&1@!4!=
F)=3$@9;',$*'#$I1(6,16"$)9,G

M!$!221K&$2"#'261<!$?!,!$P!2',$*'$#"($4!,,1"($'(?!21"($@Q($('A9,"($?!,!$#!($
@9;','($5$?!,!$6"*"($H9'$1&121!#@'&6'$9&!$'S?,'(1K&$*'$*'('"=$0"$"4(6!&6'3$
!$#"$#!,A"$*'#$?,"2'("$?!,6121?!61<"$*'(!,,"##!*"$2"&$#!($?,"?1!($@9;','($
('$H9',"&$2"&(6,95'&*"$#!($2"&*121"&'($*'$?"(141#1*!*$?!,!$B9'$'('$*'('"$
?9*1',!$ ##'<!,('$ !$ 2!4"=$ M"($ "4(6Q29#"($ 5$ *1O29#6!*'(3$ #!($ 'S?',1'&21!($
H,9(6,!*!($?,'<1!@'&6'3$'#$(1&('&61*"$*'$#!$!221K&$B9'$&"$?,"(?',!3$H9',"&$
29'(61"&'($B9'$!?!,'21',"&$!#$@1(@"$61'@?"$B9'$'#$'&69(1!(@"$*'$,'!#1-!,$
!221"&'(3$*'$2"@?!,61,$#"$2"&(6,91*"$'&$2"@N&3$*'$1&<16!,$!$"6,!($5$"6,"($!$
(9@!,('$!$#!$?,"?9'(6!=
M!($*1H','&21!($'&$#!($6,!5'26",1!($*'$?!,6121?!21K&3$5$#!($?',6'&'&21!(]
,'H','&21!($ ",A!&1-!21"&!#'($ "$ 1&(616921"&!#'($ *'$ #!($ @9;','($ 2"&$ #!($ B9'$
('$6,!4!;K3$2"&6,1495',"&$!$1@?,1@1,#'($*1<',(!($@!,2!($!$#"($?,"2'("($'&$
2!*!$9&"$*'$#"($*1(6,16"(=$L1'&6,!($!#A9&!($@9;','($2!,'2T!&$*'$'S?',1'&21!($
?,'<1!($*'$?!,6121?!21K&3$@92P!($P!4T!&$6,!&(16!*"$?",$9&!$*1<',(1*!*$*'$
",A!&1-!21"&'($("21!#'(3$?"#T612!($"$,'#1A1"(!(=$)1&$'@4!,A"3$('$?9*"$,'2"&":
2',$'&$(9($'(61#"($?!,6121?!61<"($#!$1@?,"&6!$*'$#!$#KA12!$*'$#!$?!,6121?!21K&$
/!(1(61*!7$ 9$ "4#1A!*!3$ *1(6!&6'$ *'$ !B9'##!$ B9'$ C!@!2P"$E-9,*95$ F8XXVG$
##!@!$?!,6121?!21K&$,'!#=8h$>(6!$#KA12!3$1@?',!&6'$'&$!#A9&!($*'$#!($",A!:
&1-!21"&'(3$(9?9("$'#$*'(!HT"$*'$2"&(6,91,$'&$'#$2!@1&"$9&!$&9'<!$H",@!$

8h$ !,!$'#$!96",3$#!$?!,6121?!21K&$,'!#$5$!261<!$*'$#!($?',("&!($('$,'#!21"&!$2"&$#!$1&21*'&21!3$
*'(*'$#!$<1*!$2"61*1!&!3$'&$#!$6"@!$*'$*'21(1"&'($5$?"(121"&'($B9'$!H'26!&$#!$?',6'&'&21!$!$9&!$
2"@9&1*!*3$!$#!$("21'*!*$21<1#3$2"&$'#$?,"?K(16"$*'$*'(!,,"##!,$!221"&'($*'(61&!*!($!$A'(6!,$
2"#'261<!@'&6'$'#$?,"?1"$*'(61&"=
 ;"$$$%&'()*(+,*-.$/($)(/(.$/($012()(.$(+$304)*,-$5-6*+-

*'$P!2',$2"&$#!($"6,!($?!,6121?!&6'(3$*'$'&6'&*',$B9+$?9'*'$!?",6!,$2!*!$
B91'&$5$B9+$#'$!?",6!$!$2!*!$B91'&$'#$2"#'261<"3$9&!$&9'<!$@!&',!$*'$6"@!,$
*'21(1"&'($5$*'$2"@?,"@'6',('$2"&$'#$6,!4!;"$2"&;9&6"=8i
>($*'$*'(6!2!,$6!@41+&$B9'$6,!*121"&!#@'&6'$#!$?!,6121?!21K&$*'$#!($@9:
;','($'(6Q$",1'&6!*!$!$#!$(!61(H!221K&$*'$#!($&'2'(1*!*'($,'#!21"&!*!($2"&$#!$
(94(1(6'&21!$2"61*1!&!3$#"$B9'3$'&$21',6"$('&61*"3$,'H9',-!$'#$@!&*!6"$("21!#$
!(1A&!*"$!$'##!(=$C"@'*",'($?"?9#!,'(3$",A!&1-!21"&'($?!,!$'#$,'?!,6"$*'$
#'2P'$5$2'&6,"($2"@9&16!,1"($*'*12!*"($!$#!$A'(61K&$*'$4'&'O21"($("21!#'(8Z$
("&$#!($",A!&1-!21"&'($B9'$#!($!A,9?!&3$@92P!($*'$#!($29!#'($m2"@"$5!$
('$P!$('_!#!*"m$("&$("(6'&1*!($?",$9&!$("#!$@9;',=$>(6'$2'&6,!,('$'&$#!($
&'2'(1*!*'($*'$(94(1(6'&21!$2"@"$@"6",$*'$#!$!221K&3$2"@"$?,!A@!61(@"$
*'$ #!$ <1*!$ 2"61*1!&!$ FC",!AA1"$ .ZiZG3$ *1O29#6!$ 6!@41+&$ B9'$ #!($ @9;','($
?9'*!&$#'A161@!,3$?!,!$'##!($@1(@!(3$'#$P'2P"$*'$*'*12!,$61'@?"$5$'&',AT!$
!$*'4!61,3$'&2"&6,!,('$2"&$"6,!($5$?,"5'26!,$!221"&'($'&$6",&"$!$9&!$6'@Q612!$
,'#!21"&!*!$2"&$(9$2"&*121K&$*'$A+&',"=

8i$ M!$?!,6121?!21K&$!(1(61*!$"$696'#!*!$('$,'#!21"&!$2"&$#"($#1*',!-A"($!96",16!,1"($5$'#$+&H!(1($
'&$#!($;',!,B9T!($FJ!<!--"#!$.ZZ\G=$LQ($!##Q$*'$&"$,'?,'('&6!,$!$#!($@9;','(3$'($'#$N&12"$'(61#"$
",A!&1-!61<"$B9'$2"&"2'&3$#1A!*"$!$(9$!?,'&*1-!;'$5$'S?',1'&21!($'&$9&$@9&*"$*'$*'21(1"&'($
@!(29#1&!(=$L92P!($<'2'($6!@41+&$'($<1(6"$2"@"$&'2'(!,1"$?!,!$!#2!&-!,$#"($"4;'61<"($B9'$('$
?,"?"&'&3$@Q($!##Q$*'$B9'$A'&','$@!#'(6!,$5$*'(!#1'&6'$#!$?!,6121?!21K&=$>(6'$'(61#"3$('AN&$#!$
!96",!3$61'&'$B9'$<',$2"&$#"($!?,'&*1-!;'($5$#!($'S?',1'&21!($*'$<!,"&'($5$@9;','($'&$9&$@9&*"$
*'$*'21(1"&'($/@!(29#1&!(73$'&$#!$'S1(6'&21!$*'$9&!$@1&",T!$B9'$@"&"?"#1-!$#!$6"@!$*'$*'21(1"&'($
5$9&!$@!5",T!$B9'$#!($1@?#'@'&6!3$,'?,"*92'$@"*"($*'$,'#!21K&$<',612!#1(6!($5$*'(1A9!#'(=$
8Z$ M!$1@?#'@'&6!21K&$*'$#!$E(1A&!21K&$c&1<',(!#$?",$P1;"3$?"#T612!$*'#$L1&1(6',1"$*'$I'(!:
,,"##"$)"21!#$*'$#!$0!21K&3$2"&(1(6'$'&$9&$@"&6"$*'$*1&',"$@'&(9!#$!(1A&!*"$!$#!($H!@1#1!($
?",$2!*!$&1_"$"$&1_!$!$(9$2!,A"=$>(6'$?,"A,!@!$<1&"$!$(9?#!&6!,3$'&6,'$"6,"(3$!$#"($?#!&'($q'H!($
5$q'H'($*'$b"A!,$I'("29?!*"($5$!#$ #!&$d!@1#1!(3$B9'$'S1AT!&$2"@"$2"&6,!?,'(6!21K&$!$9&$
@"&6"$*'$*1&',"$B9'$,'214T!&$#!($H!@1#1!($*'$('26",'($<9#&',!41#1-!*"(3$'#$6,!4!;"$'&$!#AN&$
?,"5'26"$2"@9&16!,1"=$E$?!,61,$*'$#!$1@?#'@'&6!21K&$*'$#!$&9'<!$?"#T612!3$'&$8X.X3$@92P!($
?',("&!($*';!,"&$*'$?!,6121?!,$'&$'(6"($?,"5'26"(3$#"$29!#$,'2"&OA9,K$#!$*1&Q@12!$*'$@92P!($
",A!&1-!21"&'($2"@9&16!,1!($*'$#"($('26",'($?"?9#!,'($*'$&9'(6,"$?!T(=
 78+.6)19(+/8$,*1/-/(.$.(:1)-.## ;;

>&$'(6'$?9&6"3$'#$'(?!21"$*'$'&29'&6,"$2"&$"6,!($@9;','($'($'#$B9'$('$'(:
6!4#'2'$2"@"$'(?!21":61'@?"$'&$'#$B9'$('$<!&$2"&(6,95'&*"$#!($2"&*121"&'($
*'$?"(141#1*!*$?!,!$#!$!221K&$2"#'261<!=$M"$B9'$*'(*'$9&!$@1,!*!$'S6',&!$
?9'*'$ '&6'&*',('$ 2"@"$ /,'9&1"&1(@"73$ 2"@"$ 9&$ *1(29,,1,$ *'$ ,'9&1"&'($
*"&*'$('$<!$*1#95'&*"$'#$"4;'61<"$*'$#!$!221K&3$?!,!$#!($@9;','($('$2"&(61695'$
'&$9&$'(?!21"$*'$?"(141#1*!*=$M9A!,$*'$?#!2',$?",$'#$'&29'&6,"$@1(@"3$*'$
,'2"&"21@1'&6"$*'$#!$?,"?1!$'S?',1'&21!$'&$#!$'S?',1'&21!$*'$#!$"6,!R$#9A!,$
*'$!?',69,!3$'&$6!&6"$<!&$(9,A1'&*"$!#6',&!61<!($*'$?'&(!@1'&6"$5$*'$!221K&$
H,'&6'$!$9&!$,'!#1*!*$B9'$?!,'2'$&"$*';!,$"?21"&'(=
>&$ 2!*!$ 9&"$ *'$ #"($ *1(6,16"(3$ #"($ '(?!21"($ *'$ '&29'&6,"$ *'$ 5$ 2"&$ #!($
@9;','($69<1',"&$9&$*'(!,,"##"$*1H','&6'=$>&$6"*"($#"($2!("(3$(1&$'@4!,A"3$
#!$ ?,1@',!$ !261<1*!*$ ",A!&1-!*!$ ?",$ '##!($ '&$ 9&$ '(?!21"$ ?N4#12"$ *'$ (9($
6',,16",1"($ @!,2K$ *'$ 9&!$ @!&',!$ 1@?",6!&6'$ 2!*!$ ?,"2'("=$ C!6!#1-K$ #!$
?!,6121?!21K&$5$?,"@"<1K$B9'$&9'<!($@9;','($('$(9@!,!&$!$#!$?,"?9'(6!=$
`4;'61<K$#!$2!?!21*!*$",A!&1-!61<!$'$P1-"$2"&2,'6!$#!$1*'!$*'$B9'$'($?"(14#'$
!<!&-!,$'&$#!($6,!&(H",@!21"&'($&'2'(!,1!($?!,!$P!2',$*'$#"($4!,,1"($#9A!,'($
@Q($('A9,"($?!,!$#!($@9;','($5$?!,!$6"*"(=
>#$*1(H,96'$5$#!$!?,"?1!21K&$*'$#!($2!##'($5$*'$#!($?#!-!($@!,2!,"&$'(:
6!($!221"&'($53$!$?!,61,$*'$!##T3$('$'@?'-K$!$,'(1A&1O2!,$'#$'(?!21"$?N4#12"=$
I1(H,96'$ 5$ !?,"?1!21K&$ &"$ ("#"$ *9,!&6'$ #!($ !261<1*!*'($ @1(@!(3$ (1&"$ !#$
",A!&1-!,#!(=$M!($!261<1*!*'($2"&(1(61',"&$'&$"29?!,$#!$?#!-!$"$#!$2!##'3$2"&$
?,"?9'(6!($!,6T(612!($5$,'2,'!61<!(=$b!2',('$<1(14#'($2"@"$@9;','($5$P!2',$
<1(14#'$#!$?,"4#'@Q612!$*'$#!$<1"#'&21!$*'$A+&',"$?!,!$#"($<'21&"($5$<'21&!(3$
?!,!$'#$A"41',&"$#"2!#3$?!,!$"6,!($",A!&1-!21"&'($'$1&(616921"&'(3$H9'$9&$#"A,"$
'&$(T$@1(@"3$B9'$?',@161K$!@?#1!,$'#$P",1-"&6'$*'$?"(141#1*!*$!$#!$P",!$*'$
?,"5'26!,$#!($!221"&'($H969,!(=
E$?!,61,$*'$'(6'$?,1@',$1@?9#("$'&$'#$?,"2'("3$'#$H",6!#'21@1'&6"$*'$#"($
A,9?"($5$'#$!O!&-!@1'&6"$*'$#!($P!41#1*!*'($1&*1<1*9!#'($5$2"#'261<!($('$
H9',"&$*'(?#'A!&*"$'&$#!$?#!&1O2!21K&$2"&;9&6!$*'$#!($!221"&'(=$>(6!$'S?':
,1'&21!$('$2"&(6,95K$*'(*'$#"($*1H','&6'($(!4','($B9'$!?",6K$2!*!$9&!$*'$#!($
@9;','(3$5$*'$#!$'(?'21O21*!*$6+2&12!$B9'$!?",6K$'#$'B91?"$*'$1&6',<'&21K&=
M!$?,1",1-!21K&$*'$#"($H!26",'($1*'&61O2!*"($2"@"$2!9(!#'($*'$<1"#'&21!$
"$1&('A9,1*!*$5$#"($?,"4#'@!($,'#!21"&!*"(3$#!$2"&(6,9221K&$*'$?,"?9'(6!($
5$#!$;',!,B91-!21K&$*'$#!($@1(@!(3$H9'$'&$(T$@1(@"$9&$?,"2'("$'&,1B9'2'*",$
?!,!$#"($'(?!21"($*'$@9;','(=$a!@41+&$#!$,'#!21K&$2"&$#"($*1H','&6'($A!41&'6'($
*'$A"41',&"$*1(6,16!#'($m2"@"$1&6',#"296",'($5$@'*1!*",'($*'#$A"41',&"$
#"2!#m$'(6!4#'21K$?!,6129#!,1*!*'($'&$#"($?,"2'("(=
>&$'#$I1(6,16"$`'(6'3$*"&*'$@92P!($@9;','($2"&6!4!&$2"&$#!,A!($5$@95$
*1<',(!($6,!5'26",1!($*'$?!,6121?!21K&$m!#A9&!($*'$'##!($'(?'2TO2!@'&6'$
'&$6",&"$!$#"($*','2P"($*'$#!($@9;','(m3$('$'(6!4#'21K$9&$*1Q#"A"$U91*"$2"&$
'#$A"41',&"$*1(6,16!#3$#1*',!*"$?",$9&!$@9;',3$B9'$"O21K$2"@"$1@?9#(",$*'#$
?,"2'("$",A!&1-!61<"=VX$>(6"$?',@161K$!<!&-!,$@Q($,Q?1*!@'&6'$'&$#!$2"&(:
6,9221K&$*'$9&$?,"2'("$*'$2"A'(61K&$?!,6121?!61<!$*'$#"($'(?!21"($?N4#12"(3$5$

VX$ $>($*'$*'(6!2!,$B9'$29!&*"$('$2"@'&-K$#!$1&6',<'&21K&$'&$'#$I1(6,16"$`'(6'3$#!$*1,'221K&$
*'#$@1(@"$'(6!4!$!$2!,A"$*'$)9(!&!$%!,6"#"@+3$@1#16!&6'$5$!261<1(6!$H'@1&1(6!3$B91'&$"29?K$9&$
?!?'#$1@?",6!&6'$?,"@"<1'&*"$'#$?,"2'("$",A!&1-!61<"$*'$#!($@9;','($*'#$*1(6,16"$5$!?"5!&*"$
H9',6'@'&6'$#!($1&121!61<!($*'#$ ,"A,!@!$J'A1"&!#=$
 ;<$$$%&'()*(+,*-.$/($)(/(.$/($012()(.$(+$304)*,-$5-6*+-

#"A,!,$@';",!($'&$'#$@!&6'&1@1'&6"$5$#!$1&H,!'(6,9269,!$*'$!#A9&"($#9A!,'($
,'2"&"21*"($?",$#!($@9;','($2"@"$'(?!21"($1&('A9,"(=
>&$'#$I1(6,16"$)9,3$?",$(9$?!,6'3$('$2"&6K$2"&$9&!$",A!&1-!21K&3$#!$J'*$
*'$L9;','($*'#$)9,3$B9'$*'@!&*K$'S?#T216!@'&6'$#!$1&6',<'&21K&$*'$#"($?,":
A,!@!($2"",*1&!*"($?",$CD)C)E$'&$'('$*1(6,16"3$!$?!,61,$*'$(9$6,!5'26",1!$
*'$6,!4!;"$("4,'$#!$?,"4#'@Q612!$*'$#!$<1"#'&21!$'&$#"($'(?!21"($?,1<!*"(=$
E$'(6'$A,9?"$('$H9',"&$(9@!&*"$1&6'A,!&6'($*'$"6,!($",A!&1-!21"&'($*'#$
#9A!,3$2"&$9&$,'2",,1*"$?",$'S?',1'&21!($'&$",A!&1-!21"&'($("21!#'(=$>&$'#$
?,"2'("$*'$?#!&1O2!21K&3$#!($@9;','($H9',"&$?,"!261<!($'&$#!$H"2!#1-!21K&$*'$
#"($!(?'26"($("21"29#69,!#'($*'$#!$<1"#'&21!$P!21!$#!($@9;','($'&$#"($'(?!21"($
?N4#12"(=$D*'&61O2!,"&$2"@"$(9$?,1&21?!#$'(6,!6'A1!3$#!($!221"&'($*'$('&(141:
#1-!21K&$!$#!$2"@9&1*!*$'&$A'&',!#$5$*'$"29?!21K&$*'$#"($'(?!21"($?N4#12"(=$
EB9T3$H9',"&$#!($!221"&'($#!($B9'$",*'&!,"&$'#$?,"2'("3$@1'&6,!($B9'$(9$
",A!&1-!21K&$m2K@"$P!2',#!(m$#'($H9'$"6",A!&*"$9&$&9'<"$(1A&1O2!*"=
>&$'#$I1(6,16"$0","'(6'3$'#$*'(2,'1@1'&6"$5$#!$*'(2"&O!&-!$,'(?'26"$*'$
#!($ ?"(141#1*!*'($ *'$ 6,!&(H",@!,$ #!$ (169!21K&$ *'$ #!($ @9;','($ 5$ *'#$ 4!,,1"$
',!&$@Q($@!,2!*"(=$E#$@1(@"$61'@?"3$',!$@'&",$"$1&'S1(6'&6'$#!$6,!5'2:
6",1!$?!,6121?!61<!$*'$!#A9&!($*'$#!($@9;','($B9'$('$H9',"&$(9@!&*"$!$#!$
?,"?9'(6!3$5$H9',6'$'#$2,92'$*'#$*1(29,("$,'#1A1"("$2"&$'#$*1(29,("$'&$6",&"$
!#$A+&',"3$'&$'(?'21!#$,'(?'26"$*'$#!($@9;','(=$>&$'(6'$*1(6,16"3$@Q($!##Q$*'$
#!$,'2'?61<1*!*$*'#$A!41&'6'$*1(6,16!#3$H9'$&'2'(!,1"$6,!4!;!,$@Q($*'6'&1*!:
@'&6'$#!$2"@?,'&(1K&$5$!?,"?1!21K&$*'$#!$1&121!61<!=$d9'$#!$,'21?,"21*!*$'&$
#!$'(292P!3$#!$2"&6'&21K&3$'#$1&6',2!@41"$*'$'S?',1'&21!(3$'#$,'2"&"21@1'&6"$
*'$(9($(!4','($5$P!41#1*!*'(3$#"$B9'$?',@161K$1,$!4,1'&*"$#!$?"(141#1*!*$*'$
B9'$#!($@9;','($('$<1',!&$!$(T$@1(@!($5$('$@"(6,!,!&$2"@"$@"6",'($*'$#!$
!221K&$?!,!$P!2',$*'#$4!,,1"$9&$#9A!,$@Q($('A9,"=$>#$6,!4!;"$!#$1&6',1",$*'#$
A,9?"3$'&$'(6'$('&61*"3$?,"@"<1K$'#$'(6!4#'21@1'&6"$*'$#!-"($*'$2"&O!&-!$
5$H",6!#'21K$?',("&!#$5$2"#'261<!@'&6'$'#$'(?!21"$*'$#!($@9;','(3$#"$29!#$H9'$
*!&*"$#9A!,$!#$P!2',3$!$#!($?,"?9'(6!(3$!$#!$?,"5'221K&$*'$#"$B9'$B91','&$
6,!&(H",@!,$5$!$*'O&1,$2K@"$#"A,!,#"=
>#$,"#$*'#$'B91?"$*'$1&6',<'&21K&$H9'$*1H','&6'$'&$2!*!$*1(6,16"$5$<!,1K$
'&$ #"($ *1H','&6'($ @"@'&6"($ *'$ 2!*!$ ?,"2'("=$ L1'&6,!($ B9'$ '&$ !#A9&"($
@"@'&6"($#!$1&6',<'&21K&$H9'$@Q($*1,'261<!3$?,"?"(161<!3$",1'&6!*",!$*'$#!$
!221K&3$'&$"6,"($H9'$@Q($*'$!2"@?!_!@1'&6"3$*'$('_!#1-!21K&$*'$*1O29#6!*'($
"$6'&(1"&'($'&$'#$6,!4!;"$"$'&$'#$?,"2'("3$?!,!$B9'$?9*1',!&$(',$!4",*!*!(=$
9&69!#1-!,$#"($#"A,"($5$?"(141#1*!*'(3$(1(6'@!61-!&*"$'#$,'2",,1*"$B9'$#"($
?',@16'&3$H9'$6!@41+&$9&!$*'$#!($H9&21"&'(=$>&$"6,!($1&(6!&21!(3$'#$,"#$*'#$
'B91?"$ H9'$ @Q($ *'$ 1&6',@'*1!21K&3$ *'$ H!21#16!21K&$ *'$ #!$ !,6129#!21K&$ 2"&$
"6,"($A,9?"(3$",A!&1-!21"&'(3$1&(616921"&'(3$"$2"&$'#$@1(@"$A"41',&"$#"2!#=
>&$'(6!$*1<',(1*!*$*'$H9&21"&'($',!$1@?",6!&6'$,'(?'6!,$#"($61'@?"($5$
,16@"($*'$#"($'(?!21"(3$(1&$B9'$'("$1@?#12!,!$*';!,$*1#91,('$'#$"4;'61<"$*'$#!$
1&6',<'&21K&=$J'(9#6K$H9&*!@'&6!#$#!$!6'&21K&$!$#"($?,"2'("($*'$2!*!$9&!$*'$
#!($@9;','(3$,'29?',!&*"$#!($*1H','&21!(3$'(61#"($?!,6121?!61<"($5$(!4','(3$?!,!$
?"6'&21!,$'#$6,!4!;"$2"#'261<"=$E(1@1(@"3$H9'$&'2'(!,1"$6,!4!;!,$'#$2"&U126"3$
*!,#'$#9A!,$2"@"$?!,6'$*'#$?,"2'("$",A!&1-!21"&!#3$2"@"$?!,6'$1&'#9*14#'$
*'$#!$2"&(6,9221K&$*'$9&$?,"5'26"$2"#'261<"=
 78+.6)19(+/8$,*1/-/(.$.(:1)-.## ;=

B).*).#5%5)(0%2#)&#8.%/)*0%#*%&)*0"4%

>&$#!$219*!*$P'@"($#"A,!*"$(',$<1(141#1-!*!(3$(',$,'2"&"21*!(3$5$2"&('A91,$
B9'$29@?#!&$&9'(6,"($*','2P"(3$?",B9'$("&$;9(6"(3$?",B9'$("&$&9'(6,"(3$
5$?",B9'$("@"($@9;','(=
FC=3$@9;',$*'#$I1(6,16"$`'(6'G

M!($!221"&'($2"#'261<!($&"$(1'@?,'$1@?#12!&$?,"5'26"$2"@N&=$>(6'$N#61@"$
&"$("#"$(9?"&'$9&!$&'2'(1*!*$"$1&6',+($2"@?!,61*"$B9'$##'<!$!$#!$!221K&=$>#$
?,"5'26"$2"#'261<"$(9?"&'$B9'$!#A"$@Q($('$?"&'$'&$;9'A"=$)'$?"&'$'#$29',?"3$
('$?"&'&$('&61,'(3$*'('"(R$('$?"&'$'&$;9'A"$#!$?,"?1!$P1(6",1!R$#!$(94;'61<1*!*$
('$<'$!6,!<'(!*!$?",$'("$2"@N&$B9'$('$<!$A'(6!&*"=$M"$B9'$6"*!<T!$&"$'(3$
'&$6!&6"$?,"5'26"3$'($!#A"$&9'<"3$*1H','&6'$!$#!$(9@!$*'$#!($?!,6'(=
>&$#"($?,"2'("($",A!&1-!61<"(]?!,6121?!61<"($*'$#!($@9;','($?"*'@"($
1*'&61O2!,$!#A9&"($P16"(3$2"@"$'6!?!($"$@"@'&6"($(1A&1O2!61<"($B9'$&"($
?',@16'&$?'&(!,$'&$'#$?!(!;'$'&6,'$#!$!221K&$5$'#$?,"5'26"$2"#'261<"=$ !(!;'$
B9'$*!$29'&6!$*'$9&$(!#6"$29!#16!61<"3$B9'$'($9&$#"A,"$'&$(T$@1(@"3$?',"$B9'$
61'&'$?#'&"$('&61*"$*'&6,"$*'#$?,"2'("=

!"#$!#%&'("#(
C"#'261<"$*'$ ,"@"6",!($ ",$9&!$C19*!*$(1&$e1"#'&21!$'($'#$&"@4,'$B9'$
'#1A1',"&$#!($@9;','($*'#$I1(6,16"$`'(6'$?!,!$'@?'-!,$!$&"@4,!,('3$##'&!&*"$
*'$(1A&1O2!*"$'#$'(?!21"$*'$'&29'&6,"$B9'$<'&T!&$6,!&(16!&*"=$C"1&21*1'&*"$
2"&$'#$8\$*'$&"<1'@4,'$FIT!$D&6',&!21"&!#$*'$#!$>#1@1&!21K&$*'$#!$e1"#'&21!$
C"&6,!$#!$L9;',G$*'$8XXh3$('$",A!&1-K$'&$'#$C'&6,"$I1(6,16!#$*'#$`'(6'$9&!$
;",&!*!$*'$21',,'$*'$6!##','($29#69,!#'(3$295"$';'$H9'$/M!$&"$<1"#'&21!$P!21!$
#!($@9;','(7=$>&$'(6'$@!,2"$('$#!($2"&<"2K$!$?!,6121?!,$*'$#!$;",&!*!3$2"@"$
 ;>$$$%&'()*(+,*-.$/($)(/(.$/($012()(.$(+$304)*,-$5-6*+-

?,"6!A"&1(6!(=$I'21*1',"&3$'&6"&2'(3$1@?,1@1,$,'@',!($B9'$#!($1*'&61O2!,!&$
2"&$'#$&"@4,'$'#'A1*"$5$B9'$*'$!#A9&!$@!&',!$@!,2!,!&$#!$'(?'21O21*!*$
*'$#!$?,"4#'@Q612!$B9'$!4",*!4!&$'&$(9($!221"&'(=
0'2'(1*!*$*'$##!@!,('3$*'$1*'&61O2!,('3$*'$6'&',$!#A"$2"@N&=$0'2'(1*!*$
*'$(',$2"&"21*!($5$,'2"&"21*!($2"@"$?!,6'$*'$9&$&9'<"$2"#'261<"3$@Q($!##Q$
*'$(9($*1(61&6!($?',6'&'&21!($",A!&1-!61<!($*'$",1A'&=$>(6"$@!,2K$9&$P16"$
'&$'#$?,"2'("$",A!&1-!61<"3$"6",AQ&*"#'($?',6'&'&21!$*'$A,9?"$'$1*'&61O:
2!21K&$2"&$#!$2"@9&1*!*=$E$?!,61,$*'$!##T$2"@'&-!,"&$!$,'2"&"2',('$5$!$(',$
,'2"&"21*!($2"&$'('$&"@4,'3$5$!$(',$,'H','&21!*!($2"@"$'S?',6!($'&$,'#!21K&$
2"&$#!$<1"#'&21!$P!21!$#!($@9;','($'&$#!$219*!*=
b94"$6!@41+&$"6,!($!221"&'($B9'$,'(9#6!,"&$'(?'21!#@'&6'$(1A&1O2!61<!($
'&$'(6'$?,"2'("=$>#$#14,"$B89"0")'C8"'@&$"5,)'@%)3,0%&3$?94#12!21K&$B9'$2"@?1#!$
,'#!6"($B9'$,'29?',!&$'#$?,"6!A"&1(@"$*'$#!($@9;','($'&$#!($#92P!($2"#'261:
<!($*'#$I1(6,16"$`'(6'3$H9'$9&!$*'$'##!(=V.$d9',"&$#!($@9;','($*'#$C"#'261<"$
#!($B9'$1@?9#(!,"&$'(6!$,'2"?1#!21K&$5$B9'$P"5$("&$,'2"&"21*!($2"@"$#!($
?,"@"6",!($*'$#!$1&121!61<!=$J'(9#6K$1@?",6!&6'$@1,!,$'#$2!@1&"$6,!&(16!*"3$
*'(6!2!,$#"($#"A,"($5$#"($!?,'&*1-!;'($2"&(6,91*"($2"@"$?9&6"$*'$?!,61*!$
?!,!$'#!4",!,$'#$?,"?1"$,'#!6"$2"#'261<"=$>#$6T69#"$*'#$#14,"3$5$#!$?"(141#1*!*$
B9'$*!$#!$?!#!4,!$'(2,16!$*'$2"@?!,61,$*'$"6,!$@!&',!$#"$B9'$('$61'&'$?!,!$
*'21,3$P!2'$@Q($(1A&1O2!61<!$!N&$#!$!261<1*!*$,'!#1-!*!=
",$"6,!$?!,6'3$'#$6,!4!;"$*'$2"A'(61K&$*'$#!$ #!-!$M"($E@1A"(3$'&$'#$4!,,1"$
M!$M!A9&16!3$6!@41+&$'($('_!#!*"$?",$#!($@9;','($2"@"$9&!$!221K&$41(!A,!=$
n!$ &"$ H9',"&$ 6!&$ ("#"$ #!($ B9'$ #'<!&6!,"&$ #!($ *'@!&*!($ *'$ @"*1O2!21K&$
*'$'(6'$'(?!21"$?N4#12"R$H9',"&$6!@41+&$#!($A'&',!*",!($*'#$*'4!6'$*'$(9($
<'21&"($5$<'21&!($'&$!(!@4#'!($?!,!$'#$*1('_"$*'#$4!,,1"3$5$*'#$1&<"#92,!:
@1'&6"$*'$6"*!$#!$2"@9&1*!*$'&$'#$?,"2'("$*'$,'29?',!21K&$*'#$#9A!,=$M!$
&'A"21!21K&$ *'$ #!($ @9;','($ 5$ "6,"($ !26",'($ 2"@9&16!,1"($ 2"&$ '#$ A"41',&"$
#"2!#$H9'$!B9T$,'#'<!&6'3$5!$B9'$,'?,'('&6!4!&$!$#!$2"@9&1*!*=

!"#$!#%&)*$
>&$'#$I1(6,16"$)9,3$?",$(9$?!,6'3$9&$P16"$'&$'#$?,"2'("$",A!&1-!61<"]?!,61:
21?!61<"$*'$#!($@9;','($#"$@!,2K$#!$q",&!*!$/>&$#!$2!(!3$'&$#!$?#!-!3$'&$'#$
4!,,1"3$'&$#!$219*!*3$#'$*'21@"($%!(6!$!$#!$<1"#'&21!$P!21!$#!($@9;','(7DV8$
M"$?,"*921*"$2"#'261<!@'&6'$'&$?,'?!,!21K&$*'$'(!$;",&!*!$F!261<1*!*'(3$
H,!('(3$2"&6!26"(3$'62=G3$#!($1&6',!221"&'($B9'$H9',"&$*Q&*"('$5$#!($,'(?9'(6!($
*'$#!($?',("&!($B9'$?!,6121?!,"&$'('$*T!3$?,'_!,"&$#!($!221"&'($5$'#$?,"2'("$
(94(1A91'&6'=$E$?!,61,$*'$'('$@"@'&6"3$#!($@9;','($('$2"@?,"@'61',"&$@Q($

V.$ M!$1*'!$*'#$#14,"$(9,A1K$*9,!&6'$#!$2"&(6,9221K&$*'#$C9!*',&1##"$*'$ ,"?9'(6!(3$B9'$(1&:

6'61-K$#!$?,1@',!$'6!?!$*'#$6,!4!;"$'&$'#$I1(6,16"$`'(6'=$>&$8XXZ3$'#$ ,"A,!@!$J'A1"&!#$5$#!($
j,'!($*'$C"@9&12!21K&$5$*'$C9#69,!$*'#$I1(6,16"$`'(6'$,'!#1-!,"&$9&!$2"&<"2!6",1!$!@?#1!$!$
?!,6121?!,$'&$#!$2"&(6,9221K&$*'$B89"0")'C8"'@&$"5,)'@%)3,0%&=$E#A9&!($",A!&1-!21"&'($?,'('&:
6!,"&$(9($P1(6",1!($*1,'26!@'&6'3$@1'&6,!($B9'$'&$@92P!($"6,!($'#$,'#!6"$('$H9'$2"&(6,95'&*"$
2"#'261<!@'&6'$'&$6!##','($?!,6121?!61<"(3$2"",*1&!*"($'&$A'&',!#$?",$'#$'B91?"$*'$CD)C)E$F'&$
J"(!,1"3$?",$E#';!&*,!$J";!($5$L'#1&!$E,,1'6!G=$d1&!#@'&6'3$('$?94#12!,"&$29!,'&6!$5$21&2"$
P1(6",1!(=
V8$ $M!$q",&!*!$('$,'!#1-K$'#$Y$*'$;9&1"$*'$8X.X$'&$#!$ #!-!$C",,1'&6'(=
 78+.6)19(+/8$,*1/-/(.$.(:1)-.## ;?

!261<!@'&6'$'&$#!($,'9&1"&'($5$('$(9@!,"&$&9'<!($@9;','($!$#!$1&121!61<!=$
M!($/,'9&1"&'($*'$#"($;9'<'(73$2"@"$('$2"@'&-K$!$&"@4,!,$'#$'(?!21"$*'$
'&29'&6,"3$69<1',"&$*'$!##T$'&$!*'#!&6'$9&!$&9'<!$*1&Q@12!=$)'$H9'$P!21'&:
*"$@Q($?!#?!4#'$#!$?"(141#1*!*$*'$B9'$#!($@9;','($('$2"&(61695',!&$2"@"$
1@?9#(",!($ *'$ #!($ 6,!&(H",@!21"&'($ &'2'(!,1!($ ?!,!$ P!2',$ *'#$ 4!,,1"$ 9&$
#9A!,$@Q($('A9,"=$/C9!&*"$<1$B9'$#!$H!@1#1!$'(!$B9'$'(6!4!$'&$#!$<','*!$
*'$'&H,'&6'$2,9-!4!$!$#!$?#!-!$2"&$#!($,'?"(',!(3$('&6T$B9'$'&$,'!#1*!*$&"($
'(6!4!&$!4,1'&*"$#!($?9',6!($*'$(9$2!(!73$*1;"$9&!$*'$#!($@9;','($*'#$I1(6,16"$
)9,$'&$#!$,'9&1K&$*'$'<!#9!21K&$*'$#!$;",&!*!=
>#$,'2"&"21@1'&6"$*'$#!$?,"?1!$2!?!21*!*3$5$#!$!2'?6!21K&$5$,'2"&"21@1'&:
6"$*'$#!$?,"?9'(6!$?",$?!,6'$*'$#"($<'21&"($5$<'21&!(3$!4,1',"&$#!$?"(141#1*!*$
*'$('A91,$?,"H9&*1-!&*"$'&$#!($!221"&'($5$2"@?#';1-!&*"$#!($'(6,!6'A1!($
?!,!$!4",*!,$#!$?,"4#'@Q612!$B9'$2"&A,'A!4!$!$'(6"($A,9?"(=$>(6"$A'&',K$
9&$+&H!(1($'&$#!($!261<1*!*'($*'$('&(141#1-!21K&3$B9'$('$<1"$?#!(@!*"$'&$#!$
?#!&1O2!21K&$*'$9&!$!221K&$!#$@'&"($@'&(9!#$'&$#"($'(?!21"($?N4#12"($*'#$
4!,,1"=VV
`29?!,$#"($'(?!21"($?N4#12"(3$#!($?#!-!($*'#$4!,,1"3$2"&$#!$1&6'&21K&$*'$
,'29?',!,$#!$2!##'$2"@"$#9A!,$?!,!$#!$O'(6!3$'#$'&29'&6,"3$'#$*1(H,96'3$H9'$9&$
';'$?,1@",*1!#$B9'$!6,!<'(K$#!$?#!&1O2!21K&$*'$#!($!221"&'(=$a!@41+&$#"$H9'$
#!$2"&(9#6!$?',@!&'&6'$2"&$<'21&!($5$<'21&"(3$?,'<1!$!#$*'(!,,"##"$*'$#!($
!261<1*!*'(3$B9'$H9'$2"&H",@!&*"$"2!(1"&'($'&$B9'$('$*!4!$1&H",@!21K&$
5$('$49(2!4!$#!$!?,"?1!21K&$*'$*12P!($!221"&'($?",$?!,6'$*'$#"($2"&29,,'&:
6'(=$>(6"$*!$29'&6!$6!&6"$*'$#!($6,!5'26",1!($?,'<1!($*'$?!,6121?!21K&$*'$#!($
@9;','(3$2"@"$m5$H9&*!@'&6!#@'&6'm$*'$#!$2"&(6,9221K&$*'#$?,"4#'@!$
?",$ !4",*!,$ 2"@"$ 9&!$ (169!21K&$ B9'$ !6!_'$ !$ 6"*!$ #!$ 2"@9&1*!*$ 5$ 295!$
2"@?#';1*!*$('$,'2"&"2'=
>($1@?",6!&6'$*'(6!2!,$!B9T3$2"@"$2!,!26',T(612!$*'#$?,"2'("$",A!&1-!61<"$
'&$'(6'$'(?!21"3$B9'$'#$@1(@"$('$2"&H",@K$2"@"$9&$#9A!,$*'$!,6129#!21K&$
*'$",A!&1-!21"&'(=$M!($@9;','($#"$1&6'A,!,"&$('_!#!&*"$(9($?',6'&'&21!($
",A!&1-!61<!($?,'<1!(=$>#$6'@!$*'$#!$('A9,1*!*$'&$#"($'(?!21"($?N4#12"(3$B9'$
#!($?!,6121?!&6'($H9',"&$1&2#95'&*"$'&$(9($",A!&1-!21"&'($*'$",1A'&3$'($'#$
B9'$#!($P!$1*"$2"&A,'A!&*"$'&$",*'&$!$?'&(!,('$2"@"$2"#'261<"$?,"@"6",$
*'$6,!&(H",@!21"&'($'&$'("($'(?!21"($*'$#!$219*!*=
>&$'(6'$?,"2'("3$#!$'S1A141#1*!*$*'$(9($*','2P"($H,'&6'$!$#!$2"@9&1*!*$
'&$A'&',!#3$?',"$'&$?!,6129#!,$H,'&6'$!#$A"41',&"$#"2!#3$('$H9'$2"&(6,95'&*"$
*'$ #!$ @!&"$ *'$ #!$ 1*'!$ *'$ !96"&"@T!=$n$ '(6"$ 2"4,!$ '(?'21!#$ ,'#'<!&21!$ (1$
6'&'@"($'&$29'&6!$B9'$@92P!($*'$#!($@9;','($*'$'(6'$*1(6,16"$29'&6!&$2"&$
6,!5'26",1!($*'$?!,6121?!21K&$'&$'#$?!,61*"$?"#T612"$B9'$!269!#@'&6'$2"&*92'$
'#$A"41',&"$@9&121?!#=

VV$ $ >&$ 9&$ 2,"&"A,!@!$ B9'$ 2"@?,'&*T!$ #"($ @'('($ *'$ ('?61'@4,'3$ "2694,'$ 5$ &"<1'@4,'3$ 5$
?"&1'&*"$'#$+&H!(1($'&$<1(16!($1&(616921"&!#'(3$1&<16!21"&'($?!,6129#!,'($!$",A!&1-!21"&'(3$<":
#!&6'!*!($?,'<1!($!$#!($!261<1*!*'(3$('$*'(!,,"##!,"&$#!($!221"&'($/%!,,1#'6'!*!$?",$&9'(6,"($
*','2P"(7R$1&<16!21K&$5$?!,6121?!21K&$F*1H9&*1'&*"$1&H",@!21K&G$'&$9&$H'(61<!#$29#69,!#$",A!:
&1-!*"$?",$'#$j,'!$*'$C9#69,!$*'#$I1(6,16"$)9,R$?1&6!*!$*'$@9,!#'($,'#!61<"($!$#"($*','2P"($*'$
#!($@9;','($'&$?!,'*'($?,KS1@!($!$?!,!*!($*'$6,!&(?",6'$?N4#12"3$*"&*'$('$,'!#1-K$9&!$*'$#!($
2!@1&!6!($'S?#",!6",1!(=
 ;@$$$%&'()*(+,*-.$/($)(/(.$/($012()(.$(+$304)*,-$5-6*+-

!"#$!#%&+%$%("#(
>&$'#$I1(6,16"$0","'(6'3$?",$(9$?!,6'3$9&$P16"$'&$'#$?,"2'("$2"#'261<"$H9'$#!$
?1&6!*!$*'$9&$@9,!#$'&$9&!$?!,'*$2',2!&!$!$9&$?#!5K&$*'?",61<"3$1*'&61O:
2!*"$?",$#!($@9;','($2"@"$9&$'(?!21"$1&('A9,"$?!,!$'##!($5$<'*!*"$?!,!$#!($
;K<'&'($5$#!($&1_!(=$E$#!$?!,$*'$'(6!$!261<1*!*3$('$2!@41K$'#$#9A!,$'&$B9'$('$
,'!#1-!4!&$#!($,'9&1"&'($*'#$'(?!21"$*'$@9;','(3$*"($P'2P"($B9'$P!41#16!,"&$
9&!$&9'<!$'6!?!$'&$'#$?,"2'("$",A!&1-!61<"]?!,6121?!61<"$B9'$#!($2"&<"2!4!=
>#$&9'<"$#9A!,$*'$,'9&1K&3$('*'$*'$9&$2"@'*",$2"@9&16!,1"3$?"(141#16K$
#!$1&2#9(1K&$*'$&9'<!($@9;','($'&$'#$'(?!21"$B9'$#!($!A,9?!4!=$>("3$;9&6"$!$
#!$(1(6'@!6121*!*$*'$#!($,'9&1"&'(3$##'<K$!$B9'$('$H9',!$2"&(6,95'&*"$2"@"$
9&$'(?!21"$?,"?1"$?!,!$'##!(3$2"&(61691*"$!$?!,61,$*'$(9$2"&*121K&$*'$A+&',"=$
>(6"$@!,2K$9&!$*1H','&21!$1@?",6!&6'$,'(?'26"$!#$#9A!,$?,'2'*'&6'$*'$,':
9&1K&3$5!$B9'3$?",$6,!6!,('$*'$9&$2'&6,"$*'$?,"@"21K&$1&H!&61#$*'?'&*1'&6'$
*'#$A"41',&"$@9&121?!#3$#!($2"&<"2!4!$'&$6!&6"$@!*,'($/2"#!4",!*",!(7$*'$
#!$1&(616921K&=$)'$P121',"&$!(T$?!6'&6'($#!$'(?'21O21*!*$*'$#!$2"&<"2!6",1!3$#!$
?,"?9'(6!$5$'#$'(?!21"$?,"?1"$?!,!$'##!(3$'&$'#$29!#$m2"@"$5!$('$@'&21"&K$
!&6',1",@'&6'm$#!($,'#!21"&'($!H'261<!($*'$2"&6'&21K&$5$!2"@?!_!@1'&6"$
B9'$('$*1"$'&6,'$#!($@9;','($H9',"&$#!($B9'$?"(141#16!,"&$#!$!221K&$2"#'261<!=
M!$?1&6!*!$*'#$@9,!#3$?",$"6,!$?!,6'3$1@?#12K$B9'$'##!($@1(@!($('$(",:
?,'&*1',!&$*'$#!$?"6'&21!$*'$(9($!221"&'($5$*'$#"$B9'$?"*T!&$2"&('A91,=$
>&$9&$2",6"$#!?("3$!#A9&!($?',2141',"&$@"*1O2!21"&'($'&$'#$6,Q&(16"$?",$'#$
#9A!,$!$?!,61,$*'$(9$1&6',<'&21K&=$/EP",!$#"$291*!&3$?",B9'$&"($<1',"&$!$
&"("6,!($!PT3$?1&6Q&*"#"73$*1;"$9&!$*'$#!($@9;','($!#$'<!#9!,$#!$!261<1*!*=$
M!$1&*1H','&21!$5$'#$*'(291*"$*'$#"($'(?!21"($?N4#12"($?",$?!,6'$*'$#"($<'21:
&"(3$2"@"$!26169*'($B9'$<"#<T!&$"4("#'6!($#!($1&121!61<!($?!,!$,'29?',!,#"(3$
2"@'&-K$!$,'#!61<1-!,('=
L92P!($ *'$ #!($ !221"&'($ B9'$ ('$ H9',"&$ ?,"?"&1'&*"$ 5$ ;',!,B91-!&*"$
!$?!,61,$*'$#"$!&6',1",$69<1',"&$B9'$<',$2"&$1@?9#(!,$5$!O!&-!,$#"($#!-"($
*'$2"&O!&-!$5$("#1*!,1*!*$'&6,'$#"($<'21&"($5$<'21&!(3$2"@"$@!&',!$*'$1,$
?,"@"<1'&*"$9&$4!,,1"$@Q($('A9,"=$M!$1*'!$*'$9&$o2!@1&"$('A9,"p$?!,!$
#!($@9;','($('$H9'$*'#1&'!&*"3$!$?!,61,$*'$'(6!($?,"?9'(6!(3$2"@"$#!$&"21K&$
*'$9&$6,!5'26"$,'2"&"214#'$'&$(9$2!#1*!*$*'$'(?!21"$#14,'$*'$<1"#'&21!$P!21!$
#!($@9;','(3$'(?!21"$,'(?'69"("$5$!@1A!4#'$?!,!$'##!(=VW

VW$ $M!$2"&(6,9221K&$*'$9&$2!@1&"$('A9,"$?!,!$#!($@9;','(3$,'!#1-!*"$!$?!,61,$*'$#"($,'2",,1*"($
@Q($H,'29'&6'($?",$'#$'(?!21"$4!,,1!#3$'($9&!$*'$#!($'(6,!6'A1!($*'$1&6',<'&21K&$B9'$('$'(6Q$
*1('_!&*"$'&$'#$6,!4!;"$2"&;9&6"$2"&$'#$'(?!21"$*'$@9;','($*'#$I1(6,16"$0","'(6'$5$'#$A!41&'6'$
*1(6,16!#$*'#$@1(@"=$
 78+.6)19(+/8$,*1/-/(.$.(:1)-.## ;!

@3'.0%#5%5)(0%2#D)$+)#&%$#)$8'*"%$#)(#*'+'#+"$0."0%#'&#)(*3)(0.%#*%(#
%0.'$#53<).)$
b"5$@'$*1$29'&6!$*'$B9'$#"$B9'$!&6'($@'$*'2T!&$'&$@1$2!(!$&"$'($6!&$21',6"^$
5"$(T$(1,<"$?!,!$?!,6121?!,=
FL=3$@9;',$*'#$I1(6,16"$0","'(6'G

C9!&*"$P!2'@"($'(6"3$('&61@"($B9'$'(6!@"($6"@!&*"$'#$*'(61&"$'&$&9'(:
6,!($@!&"($5$<"2'(=
F[=3$@9;',$*'#$I1(6,16"$`'(6'G

M!($1&(6!&21!($*'$1&6',2!@41"$5$!,6129#!21K&$'&6,'$#!($@9;','($B9'$<'&T!&$
6,!4!;!&*"$'&$#"($*1H','&6'($*1(6,16"(3$?,"?121!*!($?",$#!$1&6',<'&21K&$*'#$
>B91?"$*'$CD)C)ElJ'*$L9;',$5$bQ416!6$'&$'#$@!,2"$*'#$ ,"A,!@!$J'A1"&!#$
5$'#$ CD5[3$H9',"&$@95$(1A&1O2!61<!($'&$#"($?,"2'("($*'$#"($6,'($*1(6,16"(=$
C"&"2',$ #!$ 6,!5'26",1!$ *'$ #"($ "6,"($ '(?!21"(3$ 2"&"2',$ '$ 1&6',2!@41!,$ 2"&$
#!($"6,!($@9;','($#"$2"@N&$5$#"$*1H','&6'$'&$(9($'S?',1'&21!(3$?"6'&21K$#!($
!221"&'($ '&$ 2!*!$ 6',,16",1"$ 5$ ?',@161K$ B9'$ ?',2141',!&$ #!$ ?"(141#1*!*$ *'$
@!6',1!#1-!,$9&$?,"5'26"$2"#'261<"$B9'$6,!(21'&*'$#"($#T@16'($*'#$4!,,1"$5$
('$!@?#T!$!$&1<'#$*'$#!$219*!*=
I9,!&6'$8XXZ$5$8X.X3$('$?,"@"<1',"&$*1<',(!($1&(6!&21!($*'$'(6'$61?"=$)'$
,'!#1-!,"&$6!##','($*'$6,!&(H','&21!$*'$#!$'S?',1'&21!$*'#$I1(6,16"$`'(6'$6!&6"$
'&$'#$I1(6,16"$)9,$2"@"$'&$'#$0","'(6'=$a!@41+&$9&$212#"$*'$2!?!216!21K&$
("4,'$P',,!@1'&6!($2"@9&12!21"&!#'($'&$'#$29!#$?!,6121?!,"&$@9;','($*'$#"($
6,'($*1(6,16"(=V\$>(6!($1&(6!&21!($?',@161',"&$B9'$#!($@9;','($'@?'-!,!&$!$

V\$ $>#$212#"$*'$2!?!216!21K&$('$*'(!,,"##K$'&$29!6,"$;",&!*!(3$9&!$,'!#1-!*!$'&$2!*!$C'&6,"$
L9&121?!#$*'$I1(6,16"$2",,'(?"&*1'&6'$!$#!($*1(61&6!($-"&!($*'$1&6',<'&21K&3$5$9&!$'&$9&!$,!*1"$
2"@9&16!,1!$*'#$I1(6,16"$`'(6'=$d9'$2"",*1&!*"$?",$#!$J'*$0"("6,!($'&$'#$L9&*"3$'(?!21"$*'$
2"@9&12!21K&$H'@1&1(6!$*'$#!$219*!*$*'$CK,*"4!3$5$?#!&1O2!*"$2"&;9&6!@'&6'$2"&$'#$'B91?"$
*'$CD)C)E=
 <#$$$%&'()*(+,*-.$/($)(/(.$/($012()(.$(+$304)*,-$5-6*+-

,'2"&"2',('$5$@"(6,!,('$2"@"$'S?',6!($'&$#!$?,"4#'@Q612!$B9'$#!($2"&<":
2!4!3$2!?!2'($*'$A'&',!,$P',,!@1'&6!($2"@9&12!21"&!#'($?!,!$6,!&(@161,$
2"&"21@1'&6"($'(?'2TO2"($?9'(6"($!#$(',<121"$*'$*1('_!,$'(?!21"($5$#9A!,'($
@Q($1&2#9(1<"($'&$#!$219*!*=$)'$'&2"&6,!,"&$6!@41+&$H",@!&*"$?!,6'$*'$#!($
2!@?!_!($/E4,'$69($";"(3$#!$219*!*$6'$'(?',!7$5$/L9;','($?",$#!$219*!*73$
*"($!221"&'($,'!#1-!*!($*9,!&6'$8X.X$'&$'#$@!,2"$*'#$ ,"A,!@!$J'A1"&!#3$
'&$#!($29!#'($#"($'(?!21"($*'$@9;','($69<1',"&$9&$?!?'#$?,"6!AK&12"=
>($1@?",6!&6'$,'2"&"2',$#!$?"6'&21!$*'$#!($'S?,'(1"&'($!,6T(612!($2"@"$
P',,!@1'&6!$ *'$ 1&6',<'&21K&$ *'(*'$ #"($ '(?!21"($ *'$ @9;','($ '&$ #"($ '(?!:
21"($?N4#12"(=$>#$!,6'$!(T$?9'(6"$'&$!221K&$2"&6,1495'$!$*';!,$#!$@!,2!$*'#$
?,"2'("$2"#'261<"$'&$#!$2!##'3$'&$#!($?#!-!(3$'&$#"($29',?"($*'$#!($@9;','(3$
'&$'#$1@!A1&!,1"$*'$#"$B9'$'($?"(14#'$*'$(',$@"*1O2!*"=$b!2',('$<1(14#'($
!$?!,61,$*'#$2"#",3$#!$@N(12!3$'#$;9'A"3$1&6',?'#!$!$#!($@9;','($5$#!($*'@Q($
?',("&!($*'(*'$9&!$?',(?'261<!$*1H','&6'^$5!$&"$("#"$*'(*'$!B9'##"$B9'$('$
49(2!$'<16!,3$(1&"$2"&$9&!$2#!,!$?,"?9'(6!$*'$#"$B9'$?!,!$'##!($1@?#12!$9&!$
219*!*$(1&$<1"#'&21!R$'(6"$'(3$9&!$219*!*$'&$#!$B9'$#"($'(?!21"($?N4#12"($
("&$#9A!,$*'$'&29'&6,"3$#9A!,$*'$O'(6!3$*'$?,"5'26"($2"#'261<"(3$#9A!,$*'$5$
?!,!$6"*!($5$6"*"(=
>&$&"<1'@4,'$*'$8X.X3$5$2"&$9&!$1@?",6!&21!$?!,6129#!,3$#!($@9;','($
*'$#"($*1(61&6"($*1(6,16"($?!,6121?!,"&$'&$9&!$q",&!*!$*'$D&6',2!@41"3$,'!:
#1-!*!$2"&$'#$"4;'61<"$*'$,'29?',!,$2"#'261<!@'&6'$#"($#"A,"($!#2!&-!*"($
?",$#"($'(?!21"($*'$@9;','($P!(6!$'#$@"@'&6"$5$?,"5'26!,$!221"&'($'&$#"($
#1&'!@1'&6"($*'$9&!$EA'&*!$*'$#!($L9;','($?!,!$219*!*'($(1&$<1"#'&21!(=
>(6!$!261<1*!*3$'&$#!$29!#$#!($@9;','($2"@?!,61',"&$*9,!&6'$*"($*T!($#!($
'S?',1'&21!(3$"4(6Q29#"(3$H!21#16!*",'($5$#"A,"($*'#$6,!4!;"$'&$#"($6',,16",1"(3$
'(69<"$?'&(!*!$2"@"$2!6!#1-!*",!$*'$#!$?,"5'221K&$5$!,6129#!21K&3$!$'(2!#!$
*'$#!$219*!*3$*'#$6,!4!;"$?!,6129#!,=$>&$2!*!$9&"$*'$#"($*1(6,16"($#!($@9;','($
?9*1',"&$ ,'2"&"2',$ *1(61&6"($ #"A,"(3$ B9'$ <!&$ *'(*'$ '#$ '@?"*',!@1'&6"$
 78+.6)19(+/8$,*1/-/(.$.(:1)-.## <

?',("&!#$ mB9'$ '##!($ @1(@!($ ,'#!21"&!&$ 2"&$ #!$ 2"&6'&21K&3$ '#$ H",6!#'21:
@1'&6"$5$'#$2,'21@1'&6"$*'$2!*!$9&!$!$?!,61,$*'$?!,6121?!,$'&$#"($'(?!21"($
2"#'261<"(m$P!(6!$'#$'@?"*',!@1'&6"$B9'$?',214'&$2"@"$A,9?"3$5$'&$(9($
",A!&1-!21"&'($*'$?',6'&'&21!=
>&$'(6'$'&29'&6,"3$q",&!*!$*'$D&6',2!@41"3$H9'$1@?",6!&6'$#!$?,'('&21!$
*'$@9;','($B9'$?!,6121?!&$'&$L9;','($E96"2"&<"2!*!($*'$J"(!,1"$FLEJG$
2"@"$!,6129#!21K&$H'@1&1(6!$*'$#!$219*!*3$?",B9'$?',@161K$*!,$<1(141#1*!*$
?"#T612!$!$#"($?,"2'("($*'$#!($@9;','($'&$#"($6',,16",1"(=$DA9!#@'&6'$('$!<!&-K$
'&$#!$!,6129#!21K&$2"&$'#$@"<1@1'&6"$H'@1&1(6!$#"2!#3$'&$295!$!A'&*!3$(1$41'&$
#!$<1"#'&21!$P!21!$#!($@9;','($'($?,1",16!,1!3$#!$6'@Q612!$*'$#!$('A9,1*!*$*'$
#!($@9;','($'&$#!($219*!*'($!N&$&"$#"$'(=
)'$?9'*'$!O,@!,3$'&6"&2'(3$B9'$'#$'&29'&6,"$'&6,'$#"($*1H','&6'($'(?!21"($
*'$?!,6121?!21K&$5$",A!&1-!21K&$*'$@9;','($?',@16'$,'2"&"2',$2"@"$2"@N&$
#!$'(6,!6'A1!$*'$!221K&$!?#12!*!$'&$2!*!$9&"$*'$'##"(=$>($9&!$'(6,!6'A1!$B9'$
?,1<1#'A1!$'#$1&6',2!@41"$5$#!$2"&(6,9221K&$*'#$?,"5'26"$2"#'261<"$*'$@!&',!$
#'&6!3$?',"$*'@"2,Q612!$5$,'(?'69"(!$*'$#!($*1H','&21!(=$>#$!,6'3$#"($2"#",'($
5$#!$!#'A,T!$*'#$'&29'&6,"3$#!$?"6'&21!$*'$#!($!261<1*!*'($'S?,'(1<!($*'$#!($
@9;','($'&$#!($2!##'($5$?#!-!(3$('$,'2"&"21',"&$6!@41+&$2"@"$('##"$*'$#"($
'(?!21"($*'$'&29'&6,"$B9'$('$49(2!$2"@?!,61,$2"&$9&$?N4#12"$2!*!$<'-$@Q($
!@?#1"=
",$ "6,!$ ?!,6'3$ H9',"&$ 1@?",6!&6'($ '&$ '#$ ?,"2'("$ *'$ 2"&(6,9221K&$ 5$
!?,'&*1-!;'$*'$#!($@9;','(3$#!$?!,6121?!21K&$'&$"6,"($'(?!21"($*'$!,6129#!21K&$
'&6,'$@9;','($2"@?,"@'61*!($2"&$#!$?,"4#'@Q612!$<1&29#!*!$!$#!$<1"#'&21!$
9,4!&!$B9'$#!($!H'26!$?",$,!-"&'($*'$A+&',"=$>&$?!,6129#!,3$#!($1&(6!&21!($
*'$ ?!,6121?!21K&$ *'$ !#A9&!($ *'$ #!($ @9;','($ 1&6'A,!&6'($ *'#$ C"#'261<"$ *'$
,"@"6",!($?",$9&!$C19*!*$(1&$e1"#'&21!3$*'#$I1(6,16"$`'(6'3$'&$*1H','&6'($
'<'&6"($&!21"&!#'($'$1&6',&!21"&!#'($*'$*'4!6'3$@!,2!,"&$'#$?,"2'("$?!,61:
21?!61<"]",A!&1-!61<"$'&$*"($('&61*"(=VY
",$9&!$?!,6'3$'#$(!4',('$6,!4!;!&*"$'&$#!$@1(@!$*1,'221K&$B9'$@9;','($
*1<',(!($5$'&$*1H','&6'($?!T('($*'$#!$,'A1K&$?',@161K$B9'$('$,'2"&"21',!&$
2"@"$?!,6'$*'$9&$?,"5'26"$*'$6,!&(H",@!21K&$B9'$6,!(21'&*'$#"($6',,16",1"($
#"2!#'(=$E@?#1K$#!$<1(1K&$("4,'$#!($H",@!($*'$*!,$,'(?9'(6!($!$#!$<1"#'&21!$
*'$A+&',"$'&$#!($219*!*'($5$#!($'(6,!6'A1!($?"(14#'($*'$*'(?#'A!,=$E(1@1(@"$
m5$9&$6'@!$&"$@'&",$?!,!$#!($@9;','(m$#!$&'2'(1*!*$*'$,'?,'('&6!,$*'(*'$
#!$?,"?1!$<"-$!$9&$2"#'261<"$5$9&$?,"2'("$*'$6,!4!;"$1@?#12K$9&$!?,'&*1-!;'=$
>(6"$H9'$!#A"$&9'<"$?!,!$'##!(3$2!9(!#$*'$6'@",'($'$1&('A9,1*!*'(=$ !,!$'#$
2"#'261<"$(1A&1O2K$",*'&!,3$(1(6'@!61-!,$5$?,'?!,!,$!B9'##"$B9'$('$?,'6'&*T!$
2"@?!,61,$'&$'(!($1&(6!&21!(3$#"$29!#$H!<",'21K$#!$,'U'S1K&$("4,'$'#$?,"?1"$
?,"2'("=$E$(9$<'-3$(9?9("$*!,$29'&6!$*'#$?,"2'("$*'$2"&(6,9221K&$*'$2"&:

VY$ M"($'<'&6"($'&$#"($B9'$('$?!,6121?K$H9',"&^$/c&!$!2!*'@1!$*'$4!('$'&$E@+,12!$
M!61&!$5$'#$C!,14'^$c&$?9&6"$*'$'&#!2'3$*'$1&6',2!@41"3$*'$2"&"21@1'&6"$5$*'$H",6!:
#'21@1'&6"$,'A1"&!#$?!,!$",A!&1-!21"&'($*'$4!('$*'$@9;','(73$.lW$*'$!A"(6"$*'$8XXh3$
M1@!3$ ',NR$ /)'A9&*"$ )'@1&!,1"$ D&6',&!21"&!#$ *'#$ ,"A,!@!$ J'A1"&!#$ C19*!*'($
)'A9,!(73$c0Dd>L3$8Vl8\$*'$;9&1"$*'$8XXi3$%9'&"($E1,'(3$E,A'&61&!R$)'@1&!,1"$0!:
21"&!#$/L9;','($5$)'A9,1*!*$c,4!&!73$8\l8h$*'$&"<1'@4,'$*'$8XXi3$%"A"6Q3$C"#"@41!R$
/>&29'&6,"$D&6',?,"<1&21!#$*'$ ,"@"6",!($*'$)!#9*73$VXlV.$*'$"2694,'$*'$8XXZ3$M9;Q&3$
E,A'&61&!=
 <"$$$%&'()*(+,*-.$/($)(/(.$/($012()(.$(+$304)*,-$5-6*+-

O!&-!$!#$1&6',1",$*'#$A,9?"3$!$?!,61,$*'#$29!#$'($'#$2"#'261<"$'#$B9'$P!41#16!$
!$2!*!$@9;',$!$P!4#!,$'&$&"@4,'$*'#$A,9?"3$!#$@1(@"$61'@?"$B9'$?',@16'$
B9'$2!*!$9&!$('$(1'&6!$/!2"@?!_!*!7$?",$#!($*'@Q($@9;','($!#$P!2',#"=
M!$?!,6121?!21K&$'&$'<'&6"($*'$2"&<"2!6",1!$&!21"&!#$"$1&6',&!21"&!#3$
5!$&"$21,29&(2,16"($!$#"$'(6,126!@'&6'$#"2!#3$&"$'(69<"$'S'&6!$*'$2"&U126"($
1&6',&"($&1$H9'$HQ21#$*'$!4",*!,=$E#$(',$"2!(1K&$?!,!$'#$,'2"&"21@1'&6"$*'$#"($
*1H','&6'($!?",6'($*'$#!($@9;','(3$5$!$#!$<'-$?!,!$#!$21,29#!21K&$5$*1(6,149:
21K&$'B916!61<!$*'$#!$1&H",@!21K&$5$#!$?!#!4,!3$#!$('#'221K&$*'$B91'&$!22'*T!$
!$#!$?"(141#1*!*$*'$H",@!,$?!,6'$*'$'(!($1&(6!&21!($&"$,'(9#6!4!$('&21##!=$
",$ 9&!$ ?!,6'3$ #"($ #1*',!-A"($ !96",16!,1"(3$ '&$ #"($ 29!#'($ #!$ 2"&2'&6,!21K&$
*'$41'&'($("21!#'($5$(1@4K#12"($;9'A!$9&$?!?'#$,'#'<!&6'3$('$!269!#1-!4!&$
'&$6!&6"$'(61#"($?!,6121?!61<"($!?,'&*1*"($?,'<1!@'&6'=$>#$!22'("$*'$("#"$
!#A9&!$"$!#A9&!($*'$#!($@9;','($!$1&(6!&21!($*'$'&29'&6,"$"$1&6',2!@41"$
2"@"$#!($@'&21"&!*!(3$*!$29'&6!$6!@41+&$*'$#!($*1H','&6'($?"(141#1*!*'($!$
(9$!#2!&2'3$B9'$H!21#16!&$9$"4(6!29#1-!&$'(!$?"(141#1*!*=$M!$?!,6121?!21K&$'&$
'<'&6"($@!5",'($'($<1(6!$2"@"$9&$/?,'@1"7$!$#!$6,!5'26",1!$'&$'#$'(?!21"$
2"#'261<"3$9&!$(169!21K&$*"&*'$&"$('$2"&(1*',!&$#"($*1H','&6'($?9&6"($*'$
?!,61*!$?!,!$?"(141#16!,$"$'S2#91,$#!$?!,6121?!21K&$*'$#!($@9;','(=$>&$'(6'$
?9&6"3$?,1@!$#!$/#KA12!$@!(29#1&!7$*'$#"($'(61#"($?!,6121?!61<"(^$B91'&$@Q($
2!?!21*!*$*1(29,(1<!$61'&'3$B91'&$?"(''$@!5",$H!21#1*!*$?!,!$?!,6121?!,3$!#$
&"$'&6,!,$'&$6'&(1K&$'(6!$!261<1*!*$2"&$(9($,'(?"&(!41#1*!*'($H!@1#1!,'(3$'($
B91'&$61'&'$@Q($?"(141#1*!*'($*'$P!2',#"=
!,!$'#$'B91?"$*'$1&6',<'&21K&3$'(6!$(169!21K&$1@?#12K$A'&',!,$'(?!21"($
?!,!$,'U'S1"&!,3$'&$",*'&$!$B9'$#!$('#'221K&$*'$B91'&'($?!,6121?!&$'&$&"@:
4,'$*'#$2"#'261<"$&"$!26N'$2"@"$"4(6Q29#"$'&$'#$?,"2'("$*'$6,!&(H",@!21K&$
2"#'261<!$"$*'#$?,"5'26"$'&$2"@N&=$>&$#!$@1(@!$#T&'!3$('$A'&',!,"&$1&(6!&21!($
*"&*'$#!($'S?',1'&21!($<1<1*!($?9*1',!&$(',$6,!&(@161*!($5$'&,1B9'2',$'#$
?,"2'("$2"#'261<"=$>(6"3$'&$(T$@1(@"3$A'&',K$B9'$#!$1,,9?21K&$*'#$2"&U126"$
!4,1',!$#!$?"(141#1*!*$*'$6,!4!;!,$("4,'$#!($H,!A1#1*!*'($*'#$?,"2'("$5$*'$#!($
,'#!21"&'($'&6,'$#!($@9;','(3$'&$9&$1&6'&6"$*'$6,!&(H",@!,$#"($"4(6Q29#"($5$
#!($6'&(1"&'($'&$?"(141#1*!*'($*'$,'U'S1K&=
 78+.6)19(+/8$,*1/-/(.$.(:1)-.## <;

>E=?!DFM>P?I#?#F!B?==AL>!B?I#QO?#A=F?!B>!#?9#B=>R>PA

e"#<',$!$@1,!,$#"($?,"2'("($",A!&1-!61<"(]?!,6121?!61<"($*'$#!($@9;','($B9'$
#"($?,"A,!@!($H9',"&$!2"@?!_!&*"$5$?,"@"<1'&*"3$?',@16'$2"@?,'&*',$
#"($!#2!&2'($5$#"($#T@16'($*'$#"($#"A,"($"46'&1*"($'&$'(6"($!_"($*'$6,!4!;"=
C"@"$('$('_!#K$!&6',1",@'&6'3$2"&6!,$2"&$9&$2"#'261<"$*'$@9;','($B9'$
('$",A!&12'$'&$6",&"$!#$6'@!$*'$#!$('A9,1*!*$&"$'($!#A"$B9'$*'4!$*!,('$?",$
*'(2"&6!*"$*'(*'$9&$2"@1'&-"=$>($9&$#"A,"$'&$(T$@1(@"3$5!$B9'$'($,'(9#6!*"$
*'$9&$?,"2'("$*'$2"&(6,9221K&$2"#'261<!$B9'$&"$?,"2'*'$(1&$6'&(1"&'(=$)9?":
&'$*'2"&(6,91,$@!&*!6"(3$*1(29,("($5$H",@!($!?,'&*1*!($*'$",A!&1-!21K&=$
D@?#12!$ !$ #!$ <'-$ 6'&',$ (1'@?,'$ ?,'('&6'3$ 2"@"$ "4;'61<"$ ?"#T612"3$ !<!&-!,$
'&$,'#!21K&$2"&$'#$*','2P"$*'$#!($@9;','($!$<1<1,$9&!$<1*!$(1&$<1"#'&21!3$9&$
*','2P"$B9'$!$(9$<'-$(9?"&'$#!$2"&(6,9221K&$*'$9&!$("21'*!*$2!*!$<'-$@Q($
;9(6!3$@Q($'B916!61<!$5$2"&$@9;','($2!*!$<'-$@Q($2"&O!*!($*'$(9($2!?!21:
*!*'(3$@Q($'@?"*',!*!($1&*1<1*9!#$5$2"#'261<!@'&6'=
>&$2"&6'S6"($*"&*'$#!$<1"#'&21!$P!21!$#!($@9;','($'&$#"($'(?!21"($?N:
4#12"($&"$'($<1(6!$2"@"$9&$?,"4#'@!$?,1",16!,1"3$5$!*'@Q($('$#!$&!69,!#1-!$
2"@"$?!,6'$*'$#!$<1"#'&21!$ 2"61*1!&!$m'&$ ?!,6129#!,$*'$ #"($ ('26",'($ @Q($
<9#&',!41#1-!*"($ *'$ #!$ ("21'*!*m3$ ('$ P!2'$ &'2'(!,1"$ A'&',!,$ '(6,!6'A1!($
*1<',(!(3$ @N#61?#'(3$ ?!,!$ P!2',#'$ H,'&6'=$ LQ($ !N&3$ *'4'&$ (',$ '(6,!6'A1!($
B9'$&"$,'(9#6'&$!;'&!($!$#!$2"61*1!&1*!*$*'$#!($@9;','($B9'$@'&"($,'29,("($
61'&'&$?!,!$'@?,'&*',$'(!$4!6!##!=
M!($",A!&1-!21"&'($*'$@9;','($5$H'@1&1(6!($5$#!($@9;','($",A!&1-!*!($
29@?#'&$!B9T$9&$?!?'#$H9&*!@'&6!#3$!#$1A9!#$B9'$#"($,'29,("($P9@!&"($5$
@!6',1!#'($!?",6!*"($?",$#"($?,"A,!@!($!?"5!*"($?",$c0Dd>L=$>($*'(*'$
#!$2"&(6,9221K&$*'$?,"5'26"($5$!221"&'($2"#'261<!($B9'$#!($@9;','($?9'*'&$
'S1A1,$5$?,"?"&',$@"*1O2!21"&'($?!,!$P!2',$*'$#!($219*!*'($'(?!21"($@Q($
*1(H,96!4#'(3$@Q($('A9,"($'$1&2#9(1<"(=
>&$ '(6'$ ?9&6"3$ '&$ '#$ 2!@1&"$ 6,!&(16!*"$ !2"@?!_!&*"$ #"($ ?,"2'("($
",A!&1-!61<"($*'$#!($@9;','(3$2!4'$#!$?,'A9&6!$!2',2!$*'$2K@"$'<16!,$1&(:
6,9@'&6!#1-!,$ #!$ ?!,6121?!21K&$ *'$ #!($ @1(@!(3$ 2"@"$ !?,"?1Q&*"('$ *'$ (9$
2!?!21*!*$",A!&1-!61<!$?!,!$!#2!&-!,$"4;'61<"($'S6',&"(=$M!$?!,6121?!21K&$
'&$6!&6"$*','2P"$(9?"&'$#!$,'(1A&1O2!21K&$*'$#!($?,"?9'(6!($2"&$#!($B9'$#"($
?,"A,!@!($##'A!&$!$#"($6',,16",1"(3$5$#!$2"&(6,9221K&$*'$9&$&9'<"$?,"5'26"$
!$?!,61,$*'$'(6!($?,"?9'(6!(=$)9?"&'$6!@41+&$29'(61"&!,$#!$A,!691*!*$*'$#!$
?!,6121?!21K&$*'$#!($@9;','($5$#!$1*'!$*'$6,!4!;"$<"#9&6!,1"$2"@"$!?",6'$
(1'@?,'$?,'('&6'$5$&"$,'2"&"21*"$*'$#!($@9;','($!#$*'(!,,"##"$2"@9&16!,1"=
>&$'(6'$?,"2'("$*'$,'(1A&1O2!,$#!$?,"?9'(6!$*'$#"($?,"A,!@!($(1&$B9'$
('$*1#95!$'#$"4;'61<"$*'$#!$1&6',<'&21K&3$"6,"$*'(!HT"$P!$(1*"$5$'($2"@?!61:
41#1-!,$#"($61'@?"($*'#$?,"2'("$*'$6,!4!;"$2"&$#!($@9;','($2"&$!B9'##"($*'$
#!$ A'(61K&$ *'#$ A"41',&"$ #"2!#3$ 5$ 2"&$ #"($ 61'@?"($ !*@1&1(6,!61<"($ #1A!*"($
!$ #!$ O&!&21!21K&$ *'$ #"($ ?,"A,!@!($ B9'$ !?",6!&$ !$ 1@?9#(!,$ ?,"2'("($ *'$
6,!&(H",@!21K&$*'$#!$,'!#1*!*$("21!#3$?',"$B9'$&"$(1'@?,'$*1(29,,'&$2"&$#!($
@1(@!($?,1",1*!*'(=$>&$@92P!($"?",69&1*!*'($P!5$9&$*'(H!('$'&6,'$'(6"($
61'@?"(3$A'&',Q&*"('$6'&(1"&'($B9'$!H'26!&$#"($?,"2'("($*'$2"&(6,9221K&=$
M!$ U'S141#1*!*$ *'#$ 'B91?"$ *'$ 1&6',<'&21K&$ ?!,!$ !O!&-!,$ !#1!&-!($ 2"&$ '#$
A"41',&"$#"2!#$(1&$B9'$'##"$1@?#12!,!$/!?9,!,7$#"($?,"2'("($",A!&1-!61<"($
 <<$$$%&'()*(+,*-.$/($)(/(.$/($012()(.$(+$304)*,-$5-6*+-

*'$#!($@9;','(3$"$/*1#91,7$(9($1&121!61<!(3$,'(9#6K$H9&*!@'&6!#=$a!@41+&$#"$
H9'$#!$?"(141#1*!*$*'$'S?#1216!,$'(6!($(169!21"&'(3$*1(2961,#!($2"&$#!($@9;','($
5$A'&',!,$&9'<!($!#6',&!61<!(3$2"@"$('$('_!#!$'&$'#$!?!,6!*"$B9'$*'(2,14'$
'#$('A9&*"$@"@'&6"$",A!&1-!21"&!#=
>&$6",&"$!#$6,!4!;"$2"&;9&6"$2"&$'#$A"41',&"$#"2!#3$6!@41+&$H9',"&$(9,:
A1'&*"$'&$'#$?,"2'("$"6,"($1&6',,"A!&6'(^$ r2K@"$6,!4!;!,3$'&$9&$ 2"&6'S6"$
*'$H,!A1#1-!21K&$1&(616921"&!#3$#!$'S1A141#1*!*$*'$*','2P"($*'$#!($@9;','(sR$
r2K@"$(",6'!,$#"($"4(6Q29#"($#1A!*"($!$#"($*+O216$'&$#!$1@?#'@'&6!21K&$*'$
?"#T612!($?N4#12!($,'#!21"&!*!($2"&$#"($*','2P"($*'$#!($@9;','($5$#!$?!,6121:
?!21K&$219*!*!&!sR$r2K@"$'<16!,$,'H",-!,$'("($*+O216$!#$('A91,$!?"(6!&*"$
!$@'2!&1(@"($B9'$@9'(6,!&$'(2!(!$?',@'!41#1*!*s
d,'&6'$!$A"41',&"($2"@?,"@'61*"($H",@!#@'&6'$2"&$#!$*'H'&(!$*'$#"($
*','2P"($*'$#!($@9;','(3$?',"$2"&$*1O29#6!*'($?!,!$2"&2,'6!,$'&$!221"&'($
(9$2"@?,"@1("3$#!($'(6,!6'A1!($*'$1&21*'&21!$*'4'&$(',$,'<1(!*!($?',@!:
&'&6'@'&6'=$>#$,'2!@41"$H,'29'&6'$*'$H9&21"&!,1"($5$H9&21"&!,1!($6!@41+&$
2"&6,1495'$!$*1O29#6!,$'#$6,!4!;"$*'$1&21*'&21!$?"#T612!3$5$*'41#16!$#!$2"&O!&-!$
*'$#!($@9;','($'&$'#$>(6!*"$5$'&$'#$A"41',&"$#"2!#$2"@"$!A'&6'($*'$2!@41"=
M!($ '(6,!6'A1!($ (9?"&'&$ 1&2#91,$ #!($ *'@!&*!($ *'$ #!($ @9;','($ '&$ ?,":
A,!@!($ "$ @'2!&1(@"($ A94',&!@'&6!#'($ 5!$ 'S1(6'&6'(3$ 5$ ;',!,B91-!,$ #!($
*'@!&*!($?!,!$#"A,!,$#"($"4;'61<"($5$&"$A'&',!,$H,9(6,!21"&'(=$M!$1&2#9(1K&$
'&$#!$!A'&*!$@9&121?!#$*'$#!$?,"4#'@Q612!$,'H',1*!$!$#!$<1"#'&21!$P!21!$#!($
@9;','($'&$#"($'(?!21"($?N4#12"($'($6!&$1@?",6!&6'$2"@"$#"($'(H9',-"($?!,!$
1,$@"*1O2!&*"$#!$29#69,!$",A!&1-!21"&!#$P!21!$9&!$@!5",$*'@"2,!61-!21K&=
I'(*'$'(6'$'&H"B9'3$#!$?!,6121?!21K&$219*!*!&!$(9?"&'$&"$("#"$6'&',$'&$
29'&6!$#!($"?1&1"&'($*'$#!($@9;','(3$(1&"$1&2#91,#!($'&$6"*"$'#$?,"2'("$*'$
6,!4!;"3$2"&$<"-$5$29',?"($?,"?1"(=$)9$1&2#9(1K&$'&$#!($1&(6!&21!($*'$1@?#':
@'&6!21K&$5$*'$'<!#9!21K&$*'$#!($!221"&'($*'(!,,"##!*!($?",$'#$A"41',&"$
#"2!#3$?,"@"<1*!($?",$#"($?,"A,!@!(3$P!$(1*"$9&!$*'@!&*!$*'$#!($@9;','(=$
!,!$'##!($5!$&"$'($(9O21'&6'$B9'$('$6"@'&$'&$29'&6!$(9($"?1&1"&'(=$>&$9&!$
29#69,!$*"&*'$?,'*"@1&!&$#!($,'#!21"&'($!(1(6'&21!#1(6!(3$#!($*'@!&*!($*'$
#!($@9;','($*!&$29'&6!$*'$9&$1@?",6!&6'$#"A,"$'&$,'#!21K&$2"&$(9$!96"&"@T!=
>&$'(6'$('&61*"3$'($1@?",6!&6'$('_!#!,$B9'$*'$#"($?,"5'26"($?,'('&6!*"($
5$('#'221"&!*"($'&$'#$I1(6,16"$)9,$'&$'#$ ,'(9?9'(6"$ !,6121?!61<"$8X..3$*"($
2"&6'@?#!&$'#$*1('_"3$!?,"?1!21K&$5$9("$*'$#"($'(?!21"($?N4#12"($*'#$4!,,1"$
*'(*'$9&!$?',(?'261<!$*'$A+&',"=$>(6"($?,"5'26"($H9',"&$1@?9#(!*"($?",$
!#A9&!($*'$#!($@9;','($?!,6121?!&6'($'&$#!($!221"&'($*'$#"($?,"A,!@!(=$E(1:
@1(@"3$5$!$?!,61,$*'$9&!$*'21(1K&$*'#$I1,'26",$*'#$I1(6,16"$0","'(6'$2"&$#"($
C"&(';"($ !,6121?!61<"($*'#$@1(@"3$('$*'(61&!$'#$,'@!&'&6'$*'#$?,'(9?9'(6"$
8X..$!$#!$,'29?',!21K&$*'$9&"$*'$#"($'(?!21"($('_!#!*"($?",$#!($@9;','($'&$
#!($2!@1&!6!($'S?#",!6",1!(=
",$"6,!$?!,6'3$'#$H",6!#'21@1'&6"$*'$#"($'(?!21"($*'$'&29'&6,"$'&$2!*!$
9&"$*'$#"($*1(6,16"($P!$1@?#12!*"$1@?",6!&6'($#"A,"($?!,!$#!($@9;','($B9'$
?!,6121?!&$*'$'##"($5$'&$(9($6',,16",1"(=$a'&1'&*"$2"@"$"4;'61<"$?,"H9&*1-!,$
5$'S6'&*',$'("($#"A,"(3$(9,A'&$#!($?,'A9&6!($!2',2!$*'$2K@"$'<16!,$'#$/'&:
2',,!@1'&6"$2"@9&!#73$"$'#$B9'*!,('$!#$1&6',1",$*'$#"($'(?!21"($*'$@9;','(R$
2K@"$1,$@Q($!##Q$*'$#"($@12,"'(?!21"($2"@9&16!,1"($5$'S6'&*',$#"($#"A,"($!$
&1<'#'($@Q($!@?#1"(3$6',,16",1!#$5$("21!#@'&6'=
 78+.6)19(+/8$,*1/-/(.$.(:1)-.## <=

M!($1&(6!&21!($*'$!,6129#!21K&$'&6,'$#"($*1H','&6'($'(?!21"($*'$@9;','($
5$"6,!($",A!&1-!21"&'($*'$@9;','($"$H'@1&1(6!($?',@16'&$!@?#1!,$(9$P",1:
-"&6'$*'$?,"5'221K&$5$!221K&=$M!$2"&H",@!21K&$*'$'(?!21"($2"#'261<"($?!,!$
*1('_!,$5$##'<!,$!*'#!&6'$!221"&'($B9'$6,!&(H",@'&$#!$<1"#'&21!$B9'$<1<'&$
5$?',214'&$#!($@9;','($'&$#!$219*!*3$2"@"$#!$2"&(6,9221K&$*'$#!$EA'&*!$*'$
#!($L9;','($?!,!$219*!*'($(1&$<1"#'&21!(3$'($9&!$'(6,!6'A1!$?'&(!*!$?!,!$
2"&6,1491,$!$'(6'$"4;'61<"=
!,!$O&!#1-!,3$2!4'$*'(6!2!,$#!$1@?",6!&21!$*'$A'&',!,$'(6,!6'A1!($B9'$
?9'*!&$!@?#1!,('$5$@"*1O2!,('$*'$!29',*"$2"&$#"($?,"2'("($2"#'261<"(]
",A!&1-!21"&!#'($*'$#!($@9;','(=$I'(*'$CD)C)E:J'*$L9;',$5$bQ416!63$1@:
?",6!$,'(!#6!,$#"($!?,'&*1-!;'($2"&(6,91*"($'&$1&121!61<!($B9'$61'&'&$2"@"$
?,1",1*!*$#!$!?,"?1!21K&3$,'(1A&1O2!21K&$5$9("$*'$#"($'(?!21"($?N4#12"($?",$
?!,6'$*'$#!($@9;','(=$>($*'21,3$/01$("#!(3$&1$(1#'&21!*!(3$'&$#!$2!##'$#14,'($5$
*'(!6!*!(73$2"@"$2"&(6,9221K&$*'$?,"?9'(6!($1&2#95'&6'($*'$#!($<"2'($*'$
#!($@9;','(3$B9'$!@?#T'&$#!($?"(141#1*!*'($*'$?!,6121?!21K&$*'$#!($@1(@!($
'&$'#$';',2121"$*'#$*','2P"$!$*'21*1,$5$"?1&!,$("4,'$'#$*1('_"$*'$9&!$219*!*$
(1&$<1"#'&21!($?!,!$6"*!($5$6"*"(=

=?S?=?!@F>I#RFR9FAL=TSF@>I
C!@!2P"$E-9,*953$C!,#"(=$8XXV=$/E@+,12!$M!61&!3$'&$'#$,'6"$*'$2"&(6,91,$?9'&6'($
2"&$ 5$ '&6,'$ #!($ 219*!*!&T!($ >#$ *','2P"$ !$ #!$ 1&H",@!21K&$ 2"@"$ ?,Q2612!$
*'$ H",@!21K&$ 5$ *'(!,,"##"$ *'$ #!$ 219*!*!&T!$ 2"@9&12!61<!7=$ >&$ *,03")'
#.%#,)$ .W=$ I1(?"&14#'$ '&$ P66?^]]ttt=9!(4='*9='2]?!*P]2'&6,"]
?*H(.W]2!,#"(u8X2!@!2P"=?*H$F,'29?',!*"$XV]XV]8X..G
CD)C)E$l$C'&6,"$*'$D&6',2!@41"($5$)',<121"($C"&"$)9,$E,A'&61&!=$8XX\=$2#<,05"'
."'-&'2#7")3%!&$%1#'/8&-%3&3%7&'>E"0$"*$%,#")'),;0"'-&'7%,-"#$%&'80;&#&'@&$%&'-&)'
589"0")' "#' -&' $%8.&.' ."' F,)&0%,D' 0!"#3%#&?=$ J"(!,1"^$ ,"A,!@!$ J'A1"&!#$
C19*!*'($(1&$<1"#'&21!$P!21!$#!($@9;','(3$219*!*'($('A9,!($?!,!$6"*!($5$
6"*"(3$J'*$L9;',$5$bQ416!6$*'$E@+,12!$M!61&!3$c0Dd>L3$E>CDI$Fttt=
,'*@9;',=",A=!,G=
C",!AA1"3$q"(+$M91(=$.ZiZ=$/ !,6121?!21K&$?"?9#!,$5$<1*!$2"61*1!&!7=$ ,'('&6!21K&$
'&$ '#$ #'&!,1"$ *'#$ kDDD$ )'@1&!,1"$ M!61&"!@',12!&"$ *'$ a,!4!;"$ )"21!#3$
v916"^$C'&6,"$*'$D&<'(61A!21"&'($C19*!*=
d,!(',3$0!&25=$.ZZ.=$/>(4"-"$*'$9&!$6'",T!$2,T612!3$("21!#1(6!:H'@1&1(6!$*'$#!$29#69,!$
?"#T612!$*'#$2!?16!#1(@"$6!,*T"7=$4";&3"'G"5%#%)3&$FL+S12"G$8FVG=
d,!(',3$ 0!&25=$ .ZZh=$ 28)3%3%&' 2#3"008*3&H' F"I"6%,#")' $0J3%$&)' .")."' -&' *,)%$%1#' >*,)3K
),$%&-%)3&?=$ 8!$ '*=$ %"A"6Q^$ )1A#"$ *'#$ b"@4,'$ >*16",'(3$ C"#'221K&$ 09'<"$
'&(!@1'&6"$q9,T*12"=
L"(',3$C!,"#1&'=$.ZZ.=$/M!$?#!&1O2!21K&$*'$A+&',"$'&$'#$a',2',$L9&*"^$'&H,'&6!&*"$
#!($&'2'(1*!*'($?,Q2612!($5$'(6,!6+A12!($*'$A+&',"7=$>&$L#&'#8"7&'-"$380&H'
!M#"0,'"#'"-'.")&00,--,3$2"@?1#!*"$?",$e1,A1&1!$[9-@Q&3$ !6,121!$ ",6"2!,,',"$
5$e1,A1&1!$e!,A!(3$\\l..V=$M1@!^$d#",!$a,1(6Q&$5$>&6,'$L9;','(=
',!--!3$J"S!&!$5$d#!<1!$a',1A1=$8X.X=$/)'A,'A!21K&$9,4!&!$'$1&2#9(1K&$'*92!61<!$
*'$#!($?"4#!21"&'($<9#&',!41#1-!*!($'&$('1($219*!*'($*'$E@+,12!$M!61&!7=$$
F"7%)3&'N&3%#,&5"0%$&#&'."'(.8$&$%1#'/,5*&0&.&$.=$I1(?"&14#'$'&$P66?^]]ttt=
(!'2'=",A=!,],'#'2]?*H]&.]('A,'A!21"&9,4!&!'1&2#9(1"&'*92!61<!=?*H$
F,'29?',!*"$'#$XY]X.]8X..G
 <>$$$%&'()*(+,*-.$/($)(/(.$/($012()(.$(+$304)*,-$5-6*+-

J!1&',"3$M1#1!&!R$L!16'$J"*1A"9$0"2'661$5$)"#'*!*$ +,'-=$8XXY=$O"00&5%"#3&)'*&0&'-&'
*0,5,$%1#'."'$%8.&.")')"!80&)'.")."'-&'*"0)*"$3%7&'."'!M#"0,=$CK,*"4!^$CD)C)E:
J'*$L9;',$5$bQ416!63$c0:a,9(6$d9&*=$I1(?"&14#'$'&$P66?^]]ttt=,'*@9;',=
",A=!,]?*Hw?94#12!21"&'(]!,6w.h=?*H$F,'29?',!*"$.h]X.]8X..G=
J!<!--"#!3$ L!,T!$ C,1(61&!=$ .ZZ\=$ /M!($ @9;','($ 5$ #!($ ,'*'($ ("21!#'(=$ c&!$ @1,!*!$
("4,'$#!($,'*'($("21!#'($6'&1'&*"$'&$29'&6!$#!($*1H','&21!($*'$A+&',"7=$>&$
F".")D'(-'-"#!8&9"'."'-,)'7J#$8-,)D'O&$%&'-&'0"$,#)308$$%1#'='"-'<,03&-"$%5%"#3,'."'
-&'),$%".&.'$%7%-3$2"@?1#!*"$?",'>#1&!$I!4!($5$I'&1('$0!;@!&"<12P3$.iZl
8X8=$%9'&"($E1,'(^$ !1*K(=
J'*$L9;',$5$bQ416!6$*'$E@+,12!$M!61&!$FMECG3$CD)C)E=$8XXi=$BP)'589"0")'"#'-&)'
$&--")')%#'5%".,'#%'7%,-"#$%&D$C!,61##!$'#!4",!*!$'&$'#$@!,2"$*'#$ ,"A,!@!$
J'A1"&!#$C19*!*'($(1&$<1"#'&21!$P!21!$#!($@9;','(3$219*!*'($('A9,!($?!,!$
6"*!($ 5$ 6"*"(=$ CK,*"4!^$ c0Dd>L3$E>CDI=$ I1(?"&14#'$ '&$ P66?^]]ttt=
,'*@9;',=",A=!,]?*Hw?94#12!21"&'(]!,6w8i=?*H$F,'29?',!*"$.h]X.]8X..G=
J"*1A"9$0"2'6613$L!16'=$8XXX=$/0'2'(1*!*'(3$!221K&$2"@9&16!,1!$'$1&6',<'&21K&7=$
,'('&6!21K&$'&$'#$I+21@"$C"&A,'("$E,A'&61&"$*'$ (12"#"AT!3$J"(!,1"=
J"*1A"9$ 0"2'6613$ L!16'=$ 8XX8=$ /J'U'S1"&'($ !2',2!$ *'$ *1(29,("($ 5$ ?,Q2612!($ *'$
?!,6121?!21K&$ '&$ #!$ ?(12"#"AT!$ 2"@9&16!,1!$ 5$ '&$ #!$ ?(12"#"AT!$ ?"#T612!7=$
d12P!$*'$CQ6'*,!$>(6,!6'A1!($*'$D&6',<'&21K&$C"@9&16!,1!3$c&1<',(1*!*$
0!21"&!#$*'$CK,*"4!=
)1,<'&63$ L!,T!$ a=$ .ZiW=$ />(61#"($ ?!,6121?!61<"($ r(9'_"($ "$ ,'!#1*!*'(s7=$ F"7%)3&'
0!"#3%#&'."'(.8$&$%1#$F%9'&"($E1,'(G$VF\G=
fDCD$ l$ f"@'&$ 1&$ C161'($ D&6',&!61"&!#=$ 8X.X=$ /%!('#1&'$ O&*1&A($ H,"@$ J"(!,1"3$
E,A'&61&!7=$ >&$ N"&0#%#!' <0,5' Q,5"#' 3,' $0"&3"' !"#."0' %#$-8)%7"' $%3%")D' R&)"-%#"'
S#.%#!)' <0,5' 3@"' T"#."0' 2#$-8)%7"' /%3%")' E0,!0&55"3$ CP=$ V3$ 8VlWi=$ L"&6,'!#3$
C!&!*Q^$fDCD=$I1(?"&14#'$'&$P66?^]]ttt=H'@@'('6<1##'(=",A]?*H:A'&',!#]
A12?w4!('#1&'=?*H$F,'29?',!*"$.h]X.]8X..G=