Plaintiffs Notice of Application Injunction Filed 2018.07.06

!
L ' Z
,.K1LTW6NZ&6<>PSOXZ
&P-P+0)*%P'0*-P'P*-+P'"0%P
(-!Z
%P+0**+P'*)'*-'&
P*+P2/- P%&4P%*-&+
P!*4+-&P
'**'
P31P!"""P6NP>?IPB?L?=5L?FEP=M5H8?5EPP3/!0+
P5E8P
+)"+-P***"P"&P2&'02*P&P
$!('Z
!Z
--'*&4P&*"P'P*-+P'"0%P
!!(Z
!Z
*P0&&P-+ P*P*'*-P3''#$*P"4&P-'3&+'&

P-'%+P
%*'*
P*-,P'"0%P*&+P'P%*P+'-4
P&&P
'.'*+P'*P%*
P%*"P+''
P)&P"&
P '4P%*P%4*&P
""+'& P5E8P*-+P'"0%P&+-+'"'+-+P+'-4P
!)&,!"&'Z

-P--'*&4P&*"P'P&P

*#Z+Z

&(-P'P))"-'&P
&5D9PF:P5GGC?75ELIP(=6Z%G.>KS>9:QZ.I/>6Z'UO<6O?6RZLOMLO.S@LKZ =OAPZ=>.W.SS>Z .K5YZ

.OS6KPZ OXPSB.K.Z LON.5LZ -.GB5Z =.G;.GG.=Z 0XZ =BPZ GCS><.S>LKZ <T.N5B.KZ 6/0B6Z
-.BSFVPZ .K5Z 'M64B.GDPSZ &676NO.GZ GEKB2Z ,.K3LTW6OZ K2
Z S=6Z
)B5@ELA;;JGGB?75ELIP
-FP (=6Z 686K5.KSZ S=6Z SSLOK6XZ 6K6O.HZ L7Z NBSAP=Z LGTJ0>.Z S=6Z
9<9E85EL*9KGFE89ELOP

I
+% I &'," I B5.BI .=I.??;60.B6>=I E6;;I /2I <.12I /GI B52I .??;60.=BAI B>I .I $CAB602I .BI B52I
0>C@B5>CA2I .BI I *<6B52I *B@22BI 6=I B52I6BGI >3I -.=0>CD2@I 6=I B52I (@>D6=02I >3I @6B6A5I
>;C</6.I>=IC4CABIII3>@IB52I>@12@AIA2BI>CBI6=I).@BII/2;>E I

+52I I !>D2@=<2=BI 5.AI ?@>0;.6<21I 6=B>I 3>@02I 23320B6D2I '0B>/2@I I
.<2=1<2=BAI B>I B52I

B5.BI E7;;I ?@2D2=BI @6B6A5
>;C</6.=AI3@>/B.7=6=4IB6<2;GI?@7D.B2I17.4=>AB60IB2AB7=4I.=1IAC@460.;IA2@D602AIB>
?@>B20BIB527@I52.;B5I.=1IE2;;/26=4I6=IB52I3.02I>3I;2=4B5GI12;.GAI6=IB52I?C/;60I52.;B5
0.@2IAGAB2<I3>@I<2160.;IA2@D602A

+56AI5.AI/22=I1>=2I1C@6=4IB52I0>C@A2I>3I.IB@7.;IB>I12B2@<6=2IB52I0>=AB7BCB6>=.;6BGI>3
B52I2F7AB7=4I?@>56/6B7>=AI>=I.002AAIB>I?@6D.B2I52.;B5I0.@2I6=IB52I?@>D6=02
+52@2I6AI =>I4>>1I>@ID.;61I52.;B5I0.@2I@2.A>=I3>@I92>?.@16H6=4IB52I52.;B5I>3I@6B6A5
>;C</6.=AI/23>@2IB52I0>C@BI@C;2AI>=IB52I0>=AB6BCB7>=.;I05.;;2=42
#BI6AI/2G>=1I.=GI;246B6<.B2I17A?CB2IB5.BIB52@2I.@2I<2160.;;GIC=.002?B./;2IE.7BIB6<2A
3>@I.002AAIB>IA?206.;6ABI0>=AC;B.B7>=AI16.4=>AB60IB2AB6=4I.=1IAC@460.;IA2@D702AI6=IB52
?C/;60I52.;B5I0.@2IAGAB2<
+52I!>D2@=<2=BAI>E=I1.B.I<.:2AIB57AI0@GAB.;I0;2.@
I?.B72=BAIE.6BI7=I?.6=I.=1I32.@I E6B5I16A./;6=4I0>=17B6>=AI B>I>/B.7=I.IA?207.;6AB

0>=AC;B.B6>=I16.4=>A6AI.=1IB52=IB@2.B<2=B
&>BI>=;GI1>IB52GIAC332@IE57;2IE.6B6=4I/CBI/GIB52IB6<2IB52GI@2026D2IB@2.B<2=BIB526@
0>=17B7>=I<.GI5.D2I12B2@7>@.B21I.=1I/2I;2AAI.<2=./;2IB>IB@2.B<2=BIE6B5IB52I@2AC;B
B5.BIB52GIAC332@I?2@<.=2=BI5.@<I3@><IB52I12;.G
*><2I?.B62=BAI AC05I.AI B5>A2I E7B5I17.4=>A21I>@I C=16.4=>A21I 0.=02@I>@I0.@17.0

?@>/;2<AI 5.D2IB526@I;6D2AI?CBI.BI@6A:I/GIE.6BI;6ABAI3>@I17.4=>A2AI>@IB@2.B<2=B
,52I;2=4B5GI12;.GAI6=IB52I?C/;60IAGAB2<I3>@IAC@42@82AI7AI=>BI=2E I"BI5.AI/22=I>=4>6=4
3>@I.;<>ABIIG2.@A
=1IB52IA6BC.B6>=I6=IB52I?C/;60IAGAB2<I6AI=>BI42BB6=4I/2BB2@I 6BI6AI42BB6=4IE>@A2
+5.BI7AI E5GI3>@I>D2@IIG2.@AI B52I!>D2@=<2=BI5.AI=>BI2=3>@021IB52I?@>56/6B7>=A

>=I.002AAIB>I?@6D.B2I52.;B5I0.@2I6=IB52I

!F1T.JT.TI2JM?KT .T@.I52T FME/2IT G3THI7O.K2T18.5FGJK70TK2JK8F5T3.07?7K72JT.F1THI8O.K2

JMI570.?T0?7F80JT6.O2T/22FT 2JK./@8J621TKGT HIGO712TK62J2TF202JJ.IRT HI7O.K2TE2170.?
J2IO702JTKGT"I7K7J6T#G?ME/8.FJTGFT.THI7O.K2 H.ST/.J7J
*67JT6.HH2F21TP7K6TK62T.0K7O2T2F0GMI.52E2FKT.F1TJMHHGIKTG3TK62T$GO2IFE2FKTGO2I
K62TH.JKTKPGT120.12J
*67JT .002JJT KGT HI7O.K2T 62.?K6T 0.I2T /20.E2T K6I2.K2F21T /RT .T @25.?T HIG02218F5
0GEE2F021TGFT/26.@3TG3TK62T"I7K8J6T#G?ME/7.T&MIJ2JT -F7GFT "#&-T KGT0GEH2@
K62T$GO2IFE2FKTKGT2F3GI02TK62THIG67/8K7GFJTGFTHI7O.K2TE2170.?T0.I2
+62T'?.7FK733JTI2JHGF121TP7K6T.T0GFJK7KMK7GF.?T0.J2T/IGM56KTGFT/26.A3TG3T.@?T"I7K7J6
#G?ME/7.FJT 06.@?2F57F5T K62T 0GFJK7KMK7GF.@7KRT G3T K62T HIGO8J8GFJT 7FT K62T K6.K
HIG67/7KT.002JJTKGTHI7O.K2TE2190.?T0.I2
+62TKI7.?TG3TK62T.0K8GFT/25.FTGFT(2HK2E/2IT TT.F1T8JTGF5G7F5
*62T2JJ2F02TG3TK62T 'B.8FK74JT 0?.7ET7JTJ7EH@2 T .JTK62T5GO2IFE2FKT6.JTFGKTHIGO8121

H.K72FKJT P7K6T K7E2?RT .002JJT KGT F202JJ.IRT E2170.?T KI2.KE2FKT K6IGM56T K62T HM/?70
62.?K6T 0.I2T JSJK2ET 8KT 0.FFGKT HIG67/7KT K6GJ2T JM332I8F5T GFT P.7KT @8JKJT 3IGET K.>7F5
0GFKIG?T G3T K627IT GPFT 62.?K6T 0.I2T /RT G/K.8F7F5T KI2.KE2FKT HI8O.K2?RT P8K67FT K62
HIGO7F02
,6:JT 0@.7ET 3?GPJT 17I20K?RT 3IGET K62T )MHI2E2T #GMIKT G3T #.F.1.JT T 1208J7GFT 7F

7FTP6706T.TE.<GI7KRTG3TK62T#GMIKT3GNF1TK6.KTI2JKI:0K7GFJTGFT.002JJTKGTHI7O.K2
0.I2
T7FTK62T3.02TG3TP.:KT@8JKJT7FTK62THM/?70TJSJK2ETO7G@.K21TK62T3MF1.E2FK.?TI756KJ
G3TH.K:2FKJ
!JTK62T(MHI2E2T#GMIKT3GMF1TI.K7GF7F5TE2180.?TJ2IO702JT7FT.TE.FF2ITP6706T0.MJ2J

6.IETKGT H.K72FKJTP.7K7F5T3GIT0.I2TP7K67FTK62THM/@70TJSJK2ETP67?2T.@JGTHIG67/7K7F5
"I7K7J6T#GCME/7.FJT3IGETK.>7F5T0.I2TG3TK628ITGPFTE2180.?TF221JTHI7O.L2@RTO8GD.K2J
K62T I756KJT KGT ?732T @7/2IKRT .F1T J20MI7KST G3T K62T H2IJGFT .F1T K62T O7G@.K7GFT 7JT FGK
12EGFJKI./@RT<MJK73721
+62T .@JGT O7G@.K2JT J20K7GFT T G3T K62T /RT 12HI7O8F5T EGJKT "I8K7J6
#G?ME/:.FJTG3TK62TJ.E2T./7@7KRTKGTG/K.8FTK7E2?RT.F1T23320K:O2TE2180.DTKI2.KE2FKT.J
7JT.D@GP21T3GITJGE2T2Q2EHKT"I7K7J6T#G?ME/7.FJTJN06T.JTHI7JGF2IJT.F1TK6GJ2T7F=MI21
.KT PGI>T P6GT .I2T @25.??ST H2IE7KK21T KGT .F1T I25M?.I?RT 1GT G/K.:FT 3.JK2IT KI2.KE2FK
HI7O.K2?R
%EHGIK.FK?RTK62THIG68/7K7GFJTGFT.002JJTKGTHI7O.K2TE2170.?T0.I2T0GFK8FM21TFGKTKGT/2
2F3GI021T1MI7F5TK62TKI7.@T*67JT.??GP21T.??T"I;K7J6T#GAME/7.FJTKGT0GFK7FM2TKGT.002JJ
K7E2?RT HI7O.K2TE2170.DT0.I2TKGT.11I2JJTK627ITGPFTH2IJGF.DT62.?K6T 0.I2TF221JTMFK7@
K62T0GFJK7KMK7GF.?T0?.7ETP.JT.1=M170.K21

+,:A !20A #+!4*%$A64A 79,0A A

A 4A ;+!;A $!@A ;+%A A 6=%943%4;A796#2!-3%$
!3%4$3%4;:A ;6A ;+%A %)%#;,=%A #;6"%9A A
A >+,#+A %&(%#;,=%2@A %4$A ;+%
67;,64A6&A79,=!;%A+%!2;+A#!9%A(69A464%?%37;A9-;,:+A60<3",!4:A,4#2<$,4*A&69A;+%
&,9:;A;-3%A$%4@,4*A;+%3A!##%::A;6A79,=!;%A$-!*46:;,#A-3!*,4*
;A $6%:A ;+,:A "@A ,376:,4*A :,*4,&,#!4;A &,5!4#,!1A 7%4!2;,%:A !4$A&,4%:A 64A $6#;69:A >+6
#64;,4<%A ;6A 796=,$%A 79,=!;%A $,!*46:;,#A ;%:;,4*A #64:<2;!;,64A !4$A:<9*,#!0A :%9=,#%:
!&;%9A#;6"%9AA
A %=%4A;+6<*+A;+%A;9-!0A>,20A56;A"%A#6372%;%$A!4$A!A$%#-:,64
>,22A46;A"%A9%4$%9%$A64A;+%A#64:;-;<;,65!2,;@A6&A;+%A796+,",;,64:A64A!##%::A;6A79,=!;%
+%!2;+A#!9%
4A;+,:A!772,#!;,64A;+%A2!,4;,&&:A!:.A;+%A6<9;A;6A:<:7%4$A;+%A796#2!3!;,64A6&A;+%:%
!3%4$3%4;:A;6A796;%#;A;+%A+%!2;+A6&A9,;,:+A62<3"-!4:
=%9A;+%A7!:;A
A@%!9:A;+%A796=,:-64A6&A79,=!;%A+%!2;+A#!9%A+!:A"%#63%A!4A%::%4;,!0
7!9;A 6&A;+%A 796=-4#,!2A +%!2;+A #!9%A:@:;%3A >,;+A79,=!;%A #0-4,#:A 7%9&693,4*A ;%4:A 6&
;+6<:!4$:A6&A 3%$,#!02@A4%#%::!9@A:<9*%9,%:A!4$A$-!*46:;,#A 796#%$<9%:A%=%9@A @%!9
!:A!A:<770%3%4;A;6A;+%A7<"2-#A:@:;%3
9,;,:+A62<3",!4:A+!=%A#63%A;6A$%7%4$A64A;+,:A!##%::A;6A79-=!;%A3%$,#!2A#!9%A;6
!$$9%::A;+%-9A7%9:64!0A+%!2;+A#!9%A4%%$:A*,=%4A;+%A2%4*;+@A!4$A+!93&<0A>!,;A;,3%:
,4A;+%A7<"2,#A:@:;%3
+%A,::<%A64A;+,:A!770-#!;,64A,:A>+%;+%9A;+%A@%!9A+%!0;+A#!9%A:;!;<:A8<6A:+6<2$
"%A3!,4;!,4%$A<4;,2A;+%9%A-:A!A$%#,:,64A,4A;+%A#64:;,;<;,64!2A#!:%A64A;+%A3%9,;:
+%A!4:>%9A,:A#0%!92@A@%:
!4@A 7!;,%4;:A >,22A "%A +!93%$A ,&A 79-=!;%A 3%$,#!0A #!9%A ,:A %2-3,4!;%$A +%A 7<"2-#
:@:;%3A,:A:,370@A,4#!7!"2%A6&A796=,$-4*A;-3%0@A:%9=-#%:A;6A!02A9-;,:+A62<3",!4:A!:
$%364:;9!;%$A"@A;+%A796=,4#%:A#64:,:;%4;A'!,2<9%A;6A3%%;A%=%4A,;:A6>4A>!,;A;,3%
"%4#+3!9/:

4A#64;9!:;A;+%A6=%943%4;A#!4A796=,$%A46A%=,$%4#%A6&A!4@A+!93A;6A!4@A7!;,%4;A69
;+%A7<"2-#A+%!2;+A#!9%A:@:;%3A,&A;+%A:;!;<:A 8<6A,:A 7%93,;;%$A ;6A#64;,4<%A !;A 2%!:;
7%4$,4*A;+%A6<;#63%A6&A;+%A#64:;,;<;,64!2A#+!22%4*%
+%A "!2!4#%A 6&A #64=%4,%4#%A ;+%9%&69%A #2%!90@A &!=6<9:A ;+%A :<:7%4:,64A 6&A ;+%
796#2!3!;,64A6&A;+%:%A!3%4$3%4;:A>+,2%A;+%A;9,!0A,:A64*6,4*
+%A+!93A;6A;+%A+%!2;+A6&A9-;,:+A62<3",!4:A9%:<2;,4*A&963A;+%A!3%4$3%4;:A>6<2$
"%A:-*4,&,#!4;A!4$A#!446;A"%A9%3%$,%$A,&A;+%A#64:;,;<;-64!2A#0!,3A-:A<7+%2$

$suNIlCsuICqsNCzIsNj|h uNIqIPshjljssPD\INCqfujuNIlxD\PFNIC]uNFCqI

ssuIfjqujuNINIC]uNjJ%qPuPsN&j\xfDPChsPJuNICfIhHfIhusCqIhjulqjF]CQfIH
HxqPhLuNIuqPCb
>NI -jzIqhfIhusCsuNCuuNIqICsjhPulqjF\CPfIHuNICfIhHfIhusHxqRhLuNI

FjxqsIjJuNIuqPC\|CsujCzjPH\jsRhL*IHIqC\uqChsJIqlCfIhufjhPIs%xuuNCuPs
C lqIuI~u Jjq uNI u|j LjzIqhfIhus CuuIfluRhL uj lxu uNI sxqLPFC] F\RhPFs ChH
HPCLhjsuRF F]PhPFs jxu jJ DxsVhIss DIJjqI C HIuIqfRhCuVjh jJ uNI 7\CPhuPJJs
FjhsuRuxuPjhC] FNC\cIhLI >NI *IHIqC\ LjzIqhfIhu NCs hIzIq qIHxFIH uqChsJIq
lCfIhus uj :xIDIF $hH uNIqI |Cs hj zC]VH NICûN qICsjh Jjq uNI +IHIqC\
LjzIqhfIhuuj HIHxFuuqChsJIqlCfIhusJqjf%qRuPsN&j\xfDPCDIJjqICqx]VhLPs
PssxIHPhuNI7\CVhuPJJsFCsI0hHIIH
uNICfIhHfIhus|R]]NCqfuNINIC\uNjJ%qPuVsN
&j]xfDPChs
?NI-jzIqhfIhusjuNIqsuCuIHqICsjhJjqlqjF]CPfPhLuNICfIhHfIhusVsuNCuPuPs
PhInxPuCD]I uj C\\j| %qPuPsN &j\xfDPChs uj jDuCPh fjqI uVfI\ HPCLhjsPs jq
uqICufIhuShuNIlqjzPhFIjxusPHIjJuNIlxD\PFssuIf
)zIhVJuNIhI|CfIhHfIhusFqICuIH InxVuCD]I CFFIss |NVFN uNIHjhju uNI

FChhjuDIWxsuRJPIHjhfjqC\jq\ILC\LqjxhHs $s7CuqPFZ4jhCNChqICsjhIHCJuIq
uNI<xlqIfI&jxqusqx\PhLPh
3CqLI]jzIq]jjZIHVh uNPsCFCHIfPFHIDCuI|Cs|NIuNIqChjhINCHCh
Chs|Iquj uNIJxhHCfIhuC\nyIsuRjhjJlqPhFVl\IuNCuNCHfjzIHuNI&jxqv
ujPhuIqzIhIVh uNIJPqsul\CFI>NPsoxIsuPjh|CssPfm\|NIuNIqVu |Cs
\IMC\]ChHfjqC\\XxsuPJPCD\I Jjq uNIsuCuI jhuNIjhINChHujqIpxPqI
ThHPzPHxC\sujCFFIssNIC\uNFCqIsIqzPFIsjh]uNqjxMNCxhPzIqsCesPhM]I
mCIq ssuIf ChH uNIhjh uNI juNIquj HIhuNIf CFFIss uj hIIHIH
sIqzPFI|NIhuNI|IqIsRGZ jq HPhM 1h sxFN FVqFxfsuChFIs
|NPFN uNI
'kxquJjxhH vj lqIzCP\Pi &CiCHCujHC |Cs Ru\ILVuPfCuIJjquNIsuCuIuj
lqjNPDQuPhHPzPHxC\sJqjfxsPhLuNIPqj|iqIsjxqFIsujCFFIssuNIFCqIuNI
hIIHIH#&jx\HuNIsRFZDI]ILC]\FjflI\\IHuj|CPuPhHIJPhPuI\JjqFCqI
|QuNjxu \ILC\ FjhsInxIhFIs jJ ChZPhH IzIh PJRu qIsx\uIHPh C sIqRjxs
HIuIqPjqCuRjhjJuNIPqNIC]uNjqIzIhuNIRqHICuN#AIflNCsPsCHHIHB
8CwqVG[5kiCOCi'OCkyd]V{;yIEIGCiHvOI,ywyqIkK'ChCHUCi.IC_vOGCqI"
8CvVIhv$GGkyivCDV]VwCtwOI=V~wO9qViFPl]IkKvNI'ChCHC/IC`vO$Gu'(
.k}I2itvVvywI3IGvyqI6k{IgDIq!

0h ChIzIhu uNI hI|CfIhHfIhusHjhjuFqICuI InxPuCD\ICFFIssujhIFIssCq

fIHPFC\sIqzVFIsVh uNIlrjzVhFI >NI NCsC\qICHIhuqIhFNIH lqjJjxhHChH
|PHIslqICHPhInxPuPIs
4Ch%qPuPsN&jaxfDPChsCqI\C|Jx\ÎhuVu\IHxhHIquNIujCFFIssfjqIuPfI\
NIC\uNFCqIlqVzCuI\@NPsPhF\xHIs|jqZIqsPhWxqIHjhuNIYjDChHPh1&%&PhsxqIH

133:45?FELI9@L91H5LF95:CLAC:H1F5LEGC85D:5ELA1:4L7@DL2KL:?EGC1?35L3@H5D185L@GFE:45L
@7 F95LAG2<:3LEKEF5>
L#<:>:?1F:?8LAC:H1F5LEGC8:31=L1?4L4:18?@EF:3LE5DH:35EL7@DL1==L@F95CL
!C:F:E9L"@<G>2:1?EL I9@L1D5L=581==KLAD@9:2:F54L6D@>L@2F1:?:?8L:?EGD1?35L3@H5D185L
7@CL>54:31<LE5CH:35EL@?=KL5J135C21F5ELF9:EL:?5BG1=:FKL
%FL:EL1=E@L5>AFKLC95F@C:3LF@L3=1:>LF91FLAC:H1F5L>54:31=L31C5L14H1?F185ELF95LI51=F9K
051=F9KL !D:F:E9L "@=G>2:1?EL 31?L 1=I1KEL@2F1:?L>@D5LF:>5<KL >54:31=LFD51F>5?FL :?

F95L/?:F54L+F1F5EL@CL5<E5I95D5L:?LF95LI@D=4LD581D4=5EEL@6L1?KLAC@9:2:F:@?EL:?LF95

,95LA5@A=5L13FG1==KL91D>54L2KLF95LAC@3=1>1F:@?L@7LF95L?5ILAD@H:E:@?ELI:<=L?@FL25
I51=F9KL!C:F:E9L"@=G>2:1?EL 2GFL @C4:?1DKL!C:F:E9L"@=G>2:1?ELI9@L4@L?@FLI1?FL F@
C:E;L F95:CL 951=F9L 5?4GC5L 452:=:F1F:?8L A1:?L @CL AGFL F95:DL =:65L @?L 9@=4L I1:F:?8L 6@C
FD51F>5?FL:?LF95LAG2<:3LEKEF5>

$C51F=KL5?=1D8:?8LF95L?G>25CL@7LA5CE@?ELI9@L4@L?@FL91H5L1335EELF@LF:>5<KL>54:31=
E5CH:35EL1ELF95L$@H5C?>5?FL:EL1FF5>AF:?8LF@L4@L:EL?5:F95CL5BG:F12<5L?@CL:EL:FL:?LF95
AG2<:3L:?F5C5EF
%?LF95L6135L@6LF95L
453:E:@?LI9:39L5EF12=:E95EL1L3@?EF:FGF:@?1=LD:89FLF@L1335EE
F@LAC:H1F5LFD51F>5?FL:?LF95L7135L@7L91C>EL31GE54L2KL=@?8LI1:FL=:EFELF95L$@H5D?>5?F
E9@G<4L ?@FL 25L A5C>:FF54L F@L F1;5L F9:EL 4C1EF:3L EF5AL AD:@CL F@L F95L @GF3@>5L @6L F9:E
3@?EF:FGF:@?1=L391==5?85

-95C57@D5LF@LAD5H5?FL91D>LF@LF95L951=F9L@7L!C:F:E9L"@=G>2:1?ELA5?4:?8L1LCG=:?8L@?
F95L)=1:?F:66EL3@?EF:FGF:@?1=L3=1:>LF95LAC@3=1>1F:@?L@7LF95E5L1>5?4>5?FELE9@G=4
25LEGEA5?454

.95L AA=:31?FELE55;LF95L6@<=@I:?8L@D45DEL:?LF9:EL AA=:31F:@?

LEF1KL@CLEGEA5?E:@?L@6LF95L@A5C1F:@?L@6L (C45D:?"@G?3:=L '@L L@7L
AD:=LLL1?4@CL!
"L *58LLA5?4:?8L1L6:?1=L45F5D>:?1F:@?L@6
F95L3@?EF:FGF:@?1=L:EEG5ELD1:E54L:?LF95L13F:@?L @CLG?F:=LEG39L@F95DLF:>5L1ELF95
"@GDFL>1KL45F5D>:?5

&?LF95L1=F5D?1F:H5L1LEF1KL@CLEGEA5?E:@?L@6LF95L3@>:?8L:?F@L6@C35L@6LE53F:@?E
LF@LLL1?4L L@7L F95L +!"
L3LLA5?4:?8L1L6:?1=L45F5C>:?1F:@?L@7LF95L3@?EF:FGF:@?1=L:EEG5ELC1:E54
:?LF95L13F:@?L@DLG?F:=LEG39L@F95CLF:>5L1ELF95L"@GCFL>1KL45F5D>:?5
%?LF95L7GCF95CL1=F5C?1F:H5L1LEF1KL@DLEGEA5?E:@?L@6LE53F:@?ELLLL1?4
L@7L F95L 1EL1>5?454L2KLF95LAC@H:E:@?EL 2D@G89F
:?F@L 7@C35L 2KL (C45C:? "@G?3:=L '@L L @7L L A5?4:?8L 1L 7:?1<

+,A,?;3<(A3=<G=- A2,G*=<@A3ABA4=<(:G3@@B,@G?(4@,+G3<GA2,G(*A3=<G=?G@B*2G=A2,?G
A3;,G(@GA2,G=B?AG;(FG+,A,?;4<,G
<G=?+,?G>,?;3AA4<0GA2,G>(?A3,@GA=G?,:FG=<G,C3+,<*,G(+;4AA,+G3<GA2,G=<0=3<0G
A?3(:G=-GA23@G(*A3=<G(<+G3+,<A3-3,+G)FGA2,G>(?A4,@G
=@A@G(<+G
#B*2G-B?A2,?G(<+G=A2,?G?,:3,-G(@GA23@G=<=B?():,G=B?AG;(FG+,,;G9B@AG
'),
, , ,
<GA23@G(>>:3*(A3=<GA2,G!:(4<A3--@G>:,(+G(<+G?,:FG=<GA2,G-(*A@G(@G@,AG=BAG3<GA2,G=B?A2
;,<+,+G =A3*,G=-G3C3:G:(3;G-3:,+G(?*2GG G(<+GA2,G3-A2G;,<+,+G =A4*,
=-G3C3:G:(4;GA=G),G-3:,+G(<+G-B?A2,?G?,:FG=<GA2,G.=::=D3<1G-(*A@G-=?GA2,G>B?>=@,@G=-
A24@G(>>:3*(A4=<
,')!(
$2,G !:(4<A3--G (;)4,G #B?0,?4,@G =?>=?(A3=<G $!+, =D<@G (<+G =>,?(A,@G A2,
(;)3,G#B?1,?FG,<A?,G3<GA2,G*4AFG=-G&(<*=BC,?
$2,G!:(3<A3/G#>,*3(:3@AG",-,??(:G:4<4*G,4@G(G0?=B>G=-G@>,*3(:3@AG>2F@3*3(<@GD2=
>?=C3+,G>?3C(A,G;,+3*(:G(@@,@@;,<A@GA=G>(A3,<A@G-=?G(G-,,
$2,G4<+3C3+B(:G!:(3<A4--@G2?3@G23(C(AA5G(<+FG(?A,<@G(<+G?F@A4(<<(G=??(+=G(?,
<=<,E,;>AG ?4A3@2G =:B;)4(G?,@3+,<A@G D2=G *2=@,GA=G+,(:G D3A2G A2,3?G2,(:A2G*(?,
<,,+@G>?3C(A,:FG),*(B@,G=-GA2,G:,<0A2FGD(3AGA3;,@G3<GA2,G>B):3*G@F@A,;
$2,G !:(3<A4--G'(:3+G 2(:-(::(2G3@G (G?3A4@2G=:B;)4(G ?,@3+,<AGD2=G@B--,?,+G@,?4=B@

>2F@3*(:G2(?;G),*(B@,G2,GD(@G<=AG>?=C6+,+GD4A2GA3;,:FG;,+4*(:GA?,(A;,<AG3<GA2,
>B):3*G2,(:A2G*(?,G@F@A,;
%2,G ,-,<+(<AGAA=?<,FG,<,?(:G?,>?,@,<A@GA2,G=C,?<;,<AG=-G ?4A4@2G=:B;)3(

4<*:B+4<1GA2,G3<3@A?FG=-G,(:A2G(<+GA2,G ,+3*(:G#,?C3*,@G=;;7@@3=<G 4<G+,-,<*,
=-GA2,G8;>B0<,+G>?=C3@3=<@G=-GA2,G
, "'&*%,)&,) ,#!%)!(,&%()!)*)!&%#, ##%

<G A2,G ;4+
@G >?3C(A,G @B?14*(:G (<+G +3(1<=@A4*G *:3<3*@G ),1(<G A=G ),*=;,
,@A():3@2,+G 3<G G 3<G ?,@>=<@,GA=GA2,G:=<0G(<+G 4<*?,(@4<1G D(3AG :3@A@G -=?G;,+3*(::F
<,*,@@(?FGA?,(A;,<AG3<GA2,G>B):3*G2,(:A2G*(?,G@F@A,;

(/ "=7'"/= 4)7)6'=1,8.)/6='9"=""/=,"=71= "66=24*97"=!*&/167) =*.&(/&

/!=24)97"=684&"4*"6=71=--"9*7"=7'"*4=68$%"4*/&=/!=91(!=*44"24-"='4.=$41.=
."!* -= 1/!*7*1/= 86"!=<="; "66(9"=:*7=7)."6=(/=7'"=28-( ='"-7'= 4"=6<67".
'"= 4(6"=1#=24)97"=684&* -=/!=!)&/167) = ,*/* 6= )6= 7'"= 4"68,7=1#=7'"=47(1/(/&=1#

684&"4)"6=/!=!(&/167* =6"49( "6=*/=7'"=28,* =6<67".=!* 77"!=<=#(;"!=19"4/."/7
8!&"76=#14=7'"=2419*6*1/=1#=28,* ='"-7'= 4"
*;"!= 8!&"76= :"4"= */741!8 "!= */= 7'"= -7"=

6= :'* '= /" "664),<= -"!= 71
4"!8 7)1/6= 1/= 12"47(/&= 411.= 7*."= !(&/167* = 6"49* "6= "38*2."/7= /!= 67##
4"6184 "6=*/=28,* ='162*7-6
')6= 611/= 4"68,7"!= (/= ,"/&7'<= :)7= 7*."6= #14=684&"4)"6= */= 7'"= 28-) = '",7'= 4"
6<67".= )/= 1/7467=71=7'"=6*787)1/=24"9)186-<=:'"/=7'"4"=:"4"=/1=#);"!=8!&"76
/!=,,=27)"/76=:"4"=,"=71=17(/=7(.",<= 1/68-77*1/6=!*&/167) 6=/!=684&"4("6
1!<=684&"1/6='9"=9"4<=,).)7"!=12"47)/&=7*."=(/=7'"=28-( =6<67".= .8 '=-"66

7'/= *6=4" 1.."/!"!= #14= .(/7)/)/&= 7'")4= 684&) ,=6+),,6= /!= .8 '= -"66= 7'/= (6
/" "664<=#14=7'".=71=2419(!"=684&* ,=74"7."/7=71=27*"/76=*/==7(."-<=:<
1="/,"=4(7)6'=1-8.(/6=71= 1/7(/8"=71= "66=7*.",<=684&"4*"6= !"62(7"=7'"

47*1/*/&= 1#= 684&"4("6= */= 7'"= 28,* = 6<67".= ,"!)/&= 684&"1/6= (/= 7'"= 2419*/ "
"67-*6'"!=24(97"=684&* -= ,(/) 6=#1-,1:"!=<=24(97"=62" (-(67= 1/68-7*/&= -(/* 6
/!=!)&/167) =*.&)/&=# *-(7)"6
'*6=:6=!1/"=71=2419(!"=4*7*6'=1-8.*/6=:*7'=7'"=1221578/(7<=71=17*/=7(."-<
!*&/16*6=/!=684&* ,=74"7."/7=:*7')0=7'"=2419*/ "=1876)!"=1#=7'"=28,) =6<67".
7=7'"=6."=7)."=7'"6"=684&"1/6="-)"9"!=6741/&-<=(/= 7'"=28-* =6<67".=/!=!*!

/17= :/7= 71= /!1/= *7= 71= 24 7* "= 674( 7-<= */= 7'"= 24*97"= 6<67".= 47'"4= 7'"<
:/7"!= 71= 86"= --= 1#= 7'"(4= 12"47*/&= 411.= 7*."= (/= 7'"= 28-* = 6<67".= /!= 7'"/
2419)!"=!!)7*1/-=684&"4*"6=71=27("/76=*/=/""!=1876*!"=1#=7'7=6<67".
,61=71="=,"=71=2419*!"=24(97"=684&"4*"6=7'"=684&"1/6='!=71='9"=24*9*-"&"6=(/=
=28,( ='162(7,=71= !"-=:)7'="."4&"/ )"6=/!='!=71= "= "/41--"!=*/=7'"="!) -
"49( "6=-/=*/=14!"4=71=17(/=7'16"=24)9)-"&"6
)/ "= -.167=-,= 1#= 7'"=62" )-)676=(/= = :/7=71= 1/7*/8"=71=74"7=27("/76= */=7'"
28-* =6<67".=/!= /""!"!= 71="= "/41--"!= 71='9"= '162*7,=24*9*-"&"6= 7'"= 24*97"
684&* ,= -)/) 6='!=71=86"="/41,,"!=!1 7146=71=2419(!"=6"49* "6=*/=7'"=24)97"=684&( ,
,*/( 6= ')6=9*1,7"!=7'"=241'()7)1/=1/=!8,=24 7* "=*/=7'"=
1:"9"4=7'"=19"4/."/7=711+=/1= 7*9"=67"26=71="/#14 "=7'"=241'**7*1/=1/=!8-

24 7) "= " 86"= *7= 6822157"!= /!= "/ 184&"!= 2'<6* */6= 71= 2419*!"= !!*7*1/-

G
>B<.+<0+>G '9*G *1'.9:>@0)G >+<C0)+>G 09G A/+G ;<1C'@+G >F>@+7G .2C+9G@/+G 5:9.GD'1@>G ,:<G
A<+'A8+9AG09GA/+G;B(50)G>F>A+7G
#'A/+=GA/'9G+9-:=)+GA/+G'?G'G8+'9?G:,G<+.B5'A09.G:<G+50819'A09.G;<1C'A+G)5090)>
@/'AG ;<:C0*+*G 7+*1)'56FG 9+)+>>'=FG >+<C0)+>G @/+G G :55+.+G :,G "/F>0)0'9>G '9*
$B<.+:9>GD'>G+8;:D+<+*GA:G<+C0+DG'))=+*0AG'9*G=+.B5'A+G;<0C'A+G7+*0)'5G,')061A1+>
'9*G*0'.9:>@0)G,')050A0+>
%/+G:C+<97+9AG):9>0>@+9@6FG>B;;:<@+*G@/1>G';;<:')/

9G<+>;:9>+GA:G'G*+7'9*G(FG@/+G+'5@/G7;5:F++>G&91:9G@/'@G@/+G:C+<97+9@G>@:;
<0A0>/G:5B8(0'9>G,<:7G '))+>>09.G ;<0C'A+G/+'5A/G)'=+G "<+71+=G :>'93/G ;B(60)'55F
>A'@+*G09GGA/'@GB95+>>G'9*GB9@06G@/+G5+9.@/FGD'1@GA07+>G09G@/+G;B(50)G>F>A+7GD+<+
+60709'A+*G0@GD:B5*G(+G):9A='<FGA:G@/+G/+'5@/G:,G=1@0>/G:5B7(1'9>G@:G@'4+G>@+;>G@:G
)5:>+G;<0C'@+G)5190)>
+)'B>+G :,G @/+G ):9A29B09.G 5+9.A/FG D'0@G A08+>G 09G @/+G ;B(51)G >F>A+7G @/+G 1(+='5
:C+<97+9@G+5+)@+*G09G G ):9@09B+*G@/+G;=')@1)+G :,G 9:9+9,:<)+8+9@G :,G@/+
;<:/0(0@0:9G:9G*B'5G;<')@0)+
$09)+GA/'AG@07+GD'0@G@17+>G09G@/+G;B(61)G>F>@+8G/'C+G.:AA+9GD:<>+
9G G'9*G A/+9G '.'09G09GG A/+G !&G '9*G A/+9G @/+0<G>B<<:.'A+>G (<:B./AG'
5+.'5G ;=:)++*09.G @:G ):7;+5G@/+G:C+<98+9AG @:G +9,:<)+GA/+G ;<:/0(0@1:9>G:9G*B'5
;<')@0)+G19G:=*+<GA:G;<+C+9AG;'A0+9A>G,<:7G:(A'0909.GA<+'A7+9AG:BA>0*+G:,GA/+G;B(50)
/+'5@/G)'<+G>F>@+7
%/1>G=+>B5A+*G19G@/+G +*1)'5G$+<C0)+>G:770>>0:9G):77+9)09.G'9G'B*0AG:,

'7(1+G'9*G$#G'9*G'*C1>09.G:@/+<G;<1C'A+G>B=.0)'5G)5090)>GA/'AGA/+FGD:B5*G'5>:G(+
'B*2A+*
9G <+>;:9>+G @/+G "5'09A0,,>G :9G (+/'5,G :,G '55G <0@0>/G :5B7(0'9>G (<:B./AG '
):9>@2@BA0:9'5G)/'66+9.+GA:GA/+G5+.0>6'@1C+G;=:C0>0:9>G09GA/+G @/'@G 0,G+9,:<)+*
D:B5*G+,,+)A1C+5FG;<:/0(0AG =0A1>/G:5B7(0'9>G,<:8G:(A'0909.G;<0C'A+G8+*0)'5G)'<+
D/+9G,')+*GD0A/G5+9.@/FGD'0AG@18+>G09GA/+G;B(50)G/+'6@/G)'<+G>F>@+7
<0A0>/G:5B7(0'9>G/'C+G):8+GA:G+E;+)@G'9*G<+5FG:9G'))+>>G@:G;<1C'A+G8+*0)'5G)'<+
A:G;=:A+)AGA/+0<G/+'5A/G)'<+G9++*>G.0C+9GA/+G+EA+9AG:,G/'<7G)'B>+*G(FGA/+G='@1:919.
:,G/+'6@/G)'<+G>+<C0)+>G09G@/+G;B(50)G>F>A+8

%/+G:C+<98+9A>GD'0AGA07+G*'A'G>/:D>GA/'AGA/+G;B(50)G/+'5A/G)'<+G>F>A+8G1>G9:A
+C+9G)6:>+GA:G7++A09.G@/+G:C+<97+9A>G:D9G8'E07B7G'))+;@'(5+GD'0@G@27+>G,:=
@/+G;<:C1>0:9G:,G7+*0)'56FG9+)+>>'<FG>B<.+<0+>

!-(H-(#6B-H&#@(H<)H @0B0A-H<7C:$0#;AH'(=(;'AH<;HB-(H &<;B.;C('H#$07.BGHB<H#&&(AA

=@0D#B(H:('0&#6H&#@(
-(H 6#.;B0))AH &<;AB0BCB0<;#6H &-#77(;,(H-#AH$((;H$@<C,-BHB<H (;AC@(HB-0AH;(&(AA#@G

#;'H(AA(;B0#6H=#@BH<*HB-(H=@<D0;&(AH-(#6B-H&#@(HAGAB(:H0AH6(,#77GH&<;*0@:('

-(H 6#/;B0)*AH-#D(H&-#66(;,('HB-(H=@<-/%0B/<;AH0;H B-(H <;H 'C#7H =@#&B0&(H #;'

<$B#0;0;,H=@0D#B(H:('0&#8H0;AC@#;&(
-(H&-#76(;,(H0AH%@<C,-BH%<B-HC;'(@HA(&B0<;AHH#;'HH<*HB-(H
-(H 7#0;B0*+AHA#GH0BH0AH#H$@(#&-H<*HB-(H70*(H60$(@BGH#;'HA(&C@.BGH<*HB-(H=(@A<;HC;'(@
A(&B0<;HHB<H7(,0A7#B0D(6GH'(;GH@/B0A-H<7C:$0#;AHB-(H#$07.BGHB<H<$B#0;HB.:(6GH=@0D#B(
:('0&#6H&#@(HB<H=@<B(&BHB-(0@H=(@A<;#6H:('/&#7H;(('AH#;'HB-#BHB-/AH$@(#&-H0AH;<BH/;
#&&<@'#;&(HE0B-H=@0;&.=6(AH<)H)C;'#:(;B#6H3CAB/&(H#AH0BH0AH#@$.B@#@GH<D(@$@<#'H#;'
E-<76GHC;;(&(AA#@GHB<H=@<B(&BHB-(H=C$6.&H-(#7B-H&#@(HAGAB(:
-(HA(&B0<;HH$@(#&-H@(6#B(AHB<HB-(H(F&(=B1<;AH.;HB-(HB-#BH#77<EHA<:(H@.B.A-
<6C:$/#;AHB<H <%B#0;HB0:(6GH-(#6B-H&#@(H+@<:H=@.D#B(HAC@,0&#6H&60;/&AH %CBH'(=@0D(
<B-(@AH<+HB-0AH(;B0B7(:(;B
-(H:#.;H(F(:=B0<;H+@<:HB-(H=@<-0$.B.<;AH<;H#&&(AAHB<HB0:(6GH=@.D#B(HB@(#B:(;BH.A
*<@H@0B0A-H<6C:$0#;AHE-<HAC++(@H0;4C@0(AH0;HB-(HE<@5=7#&(
H-(GH&#;H<$B#0;HB.:(7G
=@0D#B(H AC@,(@0(AH *@<:H (;@<66('H '<&B<@AH B-#BH #@(H =#0'H *<@H %GH B-(H "<@5#)(
0;AC@#;&(H=6#;

-(H7#/;B0**AHA#GHB-#BH0BH0AH#H$@(#&-H<+HB-(H(>C#70BGH@0,-BAH<+H@0B0A-H<6C:%0#;AHE-<
AC+*(@H 0;4C@0(AH<@H 066;(AA(AH<CBA0'(H<)HB-(H E<@5=6#&(HB<H$(H 6(,0A7#B.D(7GH'(;0('HB-(
A#:(H#%062BGH#AHB-<A(H0;4C@('H0;HB-(HE<@5=6#&(HB<H<%B#0;HB0:(7GH=@/D#B(H'0#,;<A/AH#;'
AC@,(@GH*@<:H(;@<66('H'<&B<@AH=#.'H*<@H$GH=@0D#B(H'0A#%07.BGH/;AC@#;&(
!-(HHG(#@AH<)H@0B0A-H<6C:%.#;AH-#D.;,H#&&(AAHB<HB.:(6GH=@0D#B(H:('.&#6HA(@D0&(A
-#AH;<BH@(AC6B('H.;H#;GH-#@:HB<HB-(H=C$6.&H-(#7B-H&#@(HAGAB(:H!-#BH0AH&@GAB#7H&7(#@
*H #;GB-/;,H B-(H

#D#06#$/60BGH <*H #H =@0D#B(H &#@(H <=B.<;H -#AH#AA.AB('H @.B/A-
<6C:%0#;AH0;H<$B#0;0;,H:<@(HB/:(6GH:('/&#6HB@(#B:(;BH/;HB-(H=C$7/&HAGAB(:H $G
B#5.;,H =(<=7(H <CBH <+H B-(H =C%6/&H ?C(C(H #;'H 0;&@(#A0;,H '/#,;<AB0&H #;'H AC@,0&#6
@(A<C@&(AH#D#07#$9(H0;HB-(H=@<D.;&(

D
!!
5D7<02DDD>/*D(?9:*5>D6@*954*5>D796(3&04*)D05>6D+69(*D7<6@0=065=D05D>/*

*++*(>0@*
(>6'*9DD D>/*D
#/*D=0.50+0(&5>D+05&5(0&3D7*5&3>0*=D05D>/*=*D4*5)4*5>=D+69D'9*&(/*=D6+D>/*D)?&2
79&(>0(*D796/0'0>065DA033D,6<(*D*5<633*)D=?9.*65=D>6D=>67D796@0)05.D7<0@&>*D=?9.*90*=
>6D 565*B*47>D 90>0=/D 63?4'0&5=D &=D 6+D (>6'*9D D D 56>A0>/=>&5)05.D >/*
65.605.D(65=>0>?>065&3D(/&33*5.*
#/*D 4*5)4*5>=D &3=6D +69D >/*D +0<=>D >04*D A023D 79*@*5>D *59632*)D )6(>6;=D +964
796@0)05.D7<0@&>*D)0&.56=>0(D04&.*9CD=*9@0(*=D=?(/D&=D!3=D&5)D$D=(&5=
$/*D5*AD+05&5(0&3D7*5&3>0*=D&5)D6++*5(*D796@0=065=DA023D>/*9*+6;*D&3=6D+6<(*D*59633*)
)6(>69=D>6D=>67D796@0)05.D790@&>*D)0&.56=>0(D=*9@0(*=D&=D=665D&=D >/*D4*5)4*5>=
&<*D*++*(>0@*D56>A0>/=>&5)05.D>/*D65.605.D(65=>0>?>065&2D(/&22*5.*
$/*D 796@0=065D 6+D790@&>*D =?<.*90*=D &5)D )0&.56=>0(D >*=>05.D >6D 565*B*47>D <0>0=/
63?4'0&5=D0=D)*7*5)*5>D65D*59633*)D)6(>6<=D'*05.D&'2*D>6D796@0)*D>/*=*D4*)0(&2
=*<@0(*=

#/*D.6@*954*5>D/&=D6-*<*)D56D/*&3>/(&9*D69D6>/*9D@&30)D9*&=65D,69D56>D(65>05?05.
>/*D/*&3>/D (&9*D =>&>?=D 8?6D05D>/*D <6@05(*D?5>03D>/*D 6?9>D9?3*=D 65D>/*D 3&05>0++=
(65=>0>?>065&3D(3&04
"7*(0+0(&33CD>/*CD/&@*D56>D0)*5>0+0*)D&5CD/&<4=D>6D>/*D7?'30(D=C=>*4D+<64D>/*D
C*&<=D 6+D &336A05.D 90>0=/D 63?4'0&5=D >6D 6'>&05D >04*2CD =?9.*90*=D &5)D )0&.56=>0(
=*;@0(*=D +<64D *59623*)D )6(>69=D 56<D &5CD 6>/*<D ?9.*5(CD >6D (/&5.05.D >/*D (?99*5>
79&(>0(*
5)D0>D0=D?5)*50&'3*D>/&>D>/*D/*&3>/D6+D <0>0=/D63?4'0&5=D/&=D'*5*+0>>*)D+964D>/*
&@&03&'020>CD6+D790@&>*D)0&.56=>0(D>*=>05.D&5)D=?<.0(&3D=*9@0(*=D6@*9D>/*D7&=>DDC*&<=
.0@*5D >/*D 365.D A&0>05.D >04*=D +6<D =?(/D 4*)0(&33CD5*(*==&<CD =*<@0(*=D 05D >/*D7?'30(
/*&3>/D(&<*D=C=>*4
!!!! !!

!!!
%&0>D >04*=D +6<D &==*==4*5>=D )0&.56=>0(D &5)D =?9.0(&3D 796(*)?9*=D +69D 4*)0(&23C
5*(*==&9CD=*9@0(*=D05D>/*DD7?'30(D=C=>*4D&<*D@*<CD265.D&5)D/&@*D'**5D05(9*&=05.
+69D)*(&)*=D)?*D>6D9&>06505.D05D>/*D7?'30(D=C=>*4
#/*9*D&9*D>/<**D.*5*9&2D(&>*.690*=D6+DA&0>=D>/&>D90>0=/D63?4'0&5=D&9*D=?'1*(>*)
>6D05D>/*D7?'30(D=C=>*4

[
> ?BUXBBO[UEB[UFNB[PC[UEB[SBCBSS>J[CSPN[>[DBOBS>J[RS>@UFUGPOBS[>OA[UEB[UFNB
UEB[R>UFBOU[TBBT[>[TRB@F>KGTU[TP@>JLBA[=>FU[6OB&
? ?BUXBBO[UEB[UFNB[XEBO[>[R>UGBOU[E>T[?BBO[SB@PNNBOABA[CPS[>[USB>UNBOU
>OA[ FT[ SB>AZ[ UP[ SB@BFWB[ UE>U[ USB>UNBOU[ >OA[ UEB[ UGNB[ UEB[ USB>UNBOU[ GT
>@UV>KKZ[RBSCPSNBA[TP@>KJBA[=>FU[:XP'
@ ?BUXBBO[UEB[UFNB[>[R>UGBOU[ FT[SB@PNNBOABA[CQS[>[AF>DOPTUF@[RSP@BAVSB
>OA[ UEB[UFNB[UEB[ R>UFBOU[P?U>FOT[UEB[OB@BTT>SZ[AF>DOPTUG@[USB>UNBOUT[
BGUEBS[?BCPSB[PS[>CUBS[>[TRB@G>JFTU[@POTVJU>UFPO[PS[>T[>[R>SU[PC[RSBWBOU>UGWB
T@SBBOFOD[RSP@BTTBT[TP@>KKBA[=>FU[;ESBB
$ ,SFUFTE[ -PKVN?F>OT[ BYRBSGBO@B[ KPOD

[ VOOB@BTT>SZ[ >OA[ E>SNCVK[ X>FUT[ GO[ B>@E[ PC
UEBTB[@>UBDPSFBT[>KK[PC[XEF@E[@POUSF?VUB[UP[UEB[UPU>K[>NPVOU[PC[UFNB[>[R>UFBOU[NVTU
X>FU[UP[P?U>FO[NBAF@>KKZ[OB@BTT>SZ[USB>UNBOU[UP[RSPUB@U[UEBFS[EB>KUE
$ :EGT[GT[OPU[>[N>UUBS[PC[FO@POWBOGBO@B[PS[FNR>UFBO@B[=>FUGOD[CPS[NBAG@>KKZ[OB@BTT>SZ
USB>UNBOU[@>VTBT[BNPUFPO>K[>OA[RTZ@EPKPDF@>K[AFTUSBTT([RSPKPODT[REZTF@>J[TVCCBSFOD
ABRBOABO@B[>OA[GNNP?FKFUZ)[KB>AT[UP[SFTHT[PC[RBSN>OBOU[REZTG@>K[ABDBOBS>UFPO*[>OA
FO@SB>TBT[UEB[SFTI[PC[AB>UE[FO[UEB[@>TB[PC[JGCB[UESB>UBOGOD[@POAFUGPOT

$ =>FU[ UGNBT[ CPS[AF>DOPTUF@[UBTUFOD[FO[ ,SFUGTE[-PJVN?F>[ TV@E[ >T[48MT[ -:[T@>OT[ >OA

@PKPOPT@PRFBT[ >SB[ >NPOD[UEB[ KPODBTU[ GO[ ->O>A>[ >OA[ NV@E[ KPODBS[ UE>O[ FO[ PUEBS
6/-.[@PVOUSGBT
$! :EB[ .BCBOA>OUT[ 1>@UT[ UBOABSBA[ >T[ BWFABO@B[ FO[ UEB[ USG>J[ RSPWGAB
TU>UFTUG@T[TEPXFOD[UE>U[>T[PC[+RSFK[[X>FU[UFNBT[CPS[48KT[FO[,-[XBSB[UEB[EFDEBTU
FO[->O>A>
$" <EB[N>YFNVN[>@@BRU>?KB[X>FU[UGNB[CPS[48KT[XGUE[UEB[KPXBTU[JBWBK[PC[VSDBO@Z[FT[!
A>ZT
$# +T[PC[+RSGJ[[UEB[$ RBS@BOUFKB[X>FU[UFNB[ XEG@E[FT[UEB[UGNB[>U[XEF@E[[PC

>KJ[X>FUFOD[R>UFBOUT[E>WB[TUFKK[OPU[SB@BGWBA[UEB[NBAF@>J[TBSWG@B[ CPS[OPOBNBSDBO@Z
48KT[FO[ ,-[ X>T[ [A>ZT[ FB[PWBS[CQVS[UFNBT[UEB[N>YFNVN[NBAG@>JJZ[>@@BRU>?JB
X>FU[UFNB
$$ :EFT[FT[KPODBS[UE>O[UEB[$ RBS@BOUGKB[X>FU[UGNB[FO[>OZ[PUEBS[SBRPSUGOD[RSPWFO@B[>U[

UE>U[UGNB%[+K?BSU>[[A>ZT [7SGO@B[0AX>SA[2TJ>OA["[A>ZT[4>OGUP?>[!"[A>ZT
5PW>[9@PUF>[![A>ZT [>OA[6OU>SGP["[A>ZT
<E>U[GT[?B@>VTB[>T[UEB[ 1>@UT[BYRK>FO[UEB[,-[RV?KF@[EB>KUE[@>SB[TZTUBN

E>T[UEB[KPXBTU[OVN?BS[PC[483[N>@EFOBT[RBS[@>RFU>[FO[->O>A>[XEF@E[FT[XBKK[?BKPX
UEB[6/-.[>WBS>DB

q
1\q+aQdRcOq,_Vh[BRAqdOIq# ÌaFI\dRVIqjARdqdR[IcqK_aq7:VcqOAiIqQ\FbIAcIGqcdIAGRWl

_iIbqdOIqÀcdqqlIAacqAFa_ccqAWWqWIiIVcq_KqhaMI\FlqKb_[qdOIq[_cdqhaMI\dqnWIiIWqqd_
dOIqVIAcdqhaMI\dqnVIiIVq$
nAq 3IiIVqqn[AkR[h[q[IGRFAWWlqAFFI`dABWIqjARdqdQ[Iq_KqqO_hbc jARdqdR[Icq

OAiIqR\FbIAcIGqKb_[qA``b_kR[AdIWlq qGAlcqR\qqd_qA``b_kR[AdIWlq
!qGAlcqR\q 'q
nCq 4IiIWqq o[AkR[h[q[IGRFAWVlqAFFI`dABVIqjARdqdR[Iq_Kq qGAlcq

jARdqdR[Icq
OAiIqR\FaIAcIGqKa_[qA``b_kR[AdIVlqqGAlcqR\qqd_qA`à_kR[AdIWlq
!qGAlcqQ\q q
nFq 4IiIWqqn[AkR[h[q[IGRFAWVlqAFFI`dABVIqjARdqdR[Iq_KqqGAlc jARdqdQ[Icq

OAiIqR\FbIAcIGqKa_[qA``b_kR[AdIWlqqGAlcqR\qqd_qA`à_kR[AdIVlq
qGAlcqR\q (q
nGq 3IiIVqq[AkR[h[q[IGRFAVWlqAFFI`dABWIqjARdqdQ[Iq_KqqGAlcq jARdqdR[Icq

OAiIqR\FaIAcIGqKa_[qA`à_kR[AdIWlq#qGAlcqR\qqd_qA``b_kR[AdIWlq
qGAlcqR\q q
<OIqàIiR_hcq7R\RcdIaq_Kq/IAWdOqdOIq/_\_haABVIq=Iablq5AUIqAFU\_jWIGMIGq_\q7Al
q q dOIq 9a_iR\FIcq `__aq bIF_aGq R\q à_iRGQ\Mq 7:Wcq Q\q dOIq `hCWRFq OIAWdOq FAaI
clcdI[%

=OIqR\K_b[AdQ_\qAdqdORcq`_R\dqQcqdOAdq7:2q jARdqdQ[IcqK_aqAVWq
à_FIGhaIcqR\q)`bRVqq c_qjOI\qjIqW__UIGqAdqdOScqAqlIAbqAM_q jAcqq
GAlcq=OAdcqdOIq#dOqÌaFI\dRVIqjORFOq[IA\cqdOAdq\Q\Iq_hdq_KqdI\qÀdRI\dcq
bIFIRiIGqdOIqcIaiRFIqjRdOR\qqGAlcq
-JDAeJcq
fPJq6JNTcXAfRiJq*ccJ[EYmqp0A]cAaHq8Alqqq
"q

Agq

=OIqFhaaI\dq+,q/IAWdOq7R\RcdIbq)GaRA\q.RkqOAcqAMAR\qAG[RddIGqdOAdqdOIq`hBWRFqclcdI[
R\q +bRdRcOq ,_Vh[BRAq G_Ic\dq ÌaK_a[q I\_hMOq 7:Vcq d_q [IIdq dOIq \IIGcq _Kq dOI
`_`hVAdR_\
1\qA\qR\dIbiRIjq_\q,+,qbAGR_q7R\RcdIaq.RkqcdAdIG&
>IiIqG_\IqiIblqKIjq ?7:Vc@q R^qdOIq`hBVRFqclcdI[q_bq\_dqI\_hMOq7:Vcq1\q

+,qRLqjIqGRGqdOIq\AdR_\AWqAiIbAMIqjIGqG_qAB_hdqq7:qVcqIiIalqlIAaq
>IqGRGq!!qVAcdqlIAbqR\qdOIqWAcdqlIAaq_KqdOIq 5RBIbAVqM_iIa\[I\dq ;_q
dOAdq[IA\cqdOAdqAqW_dq_KqÌ_`VIqAaIqjAQdQ^MqAqV_\MqdR[IqK_bq7:Wcq
=ORcqcO_jcqdOAdqjRdO_hdqàQiAdIqGRAM\_cdRFqR[AMQ\MqKAFRWRdQIcqKRWWR\MqdOIqMA`q jORFO

jRVVqBIqdOIqR[[IGRAdIqR[ÀFdq_KqdOIq )[I\G[I\dcqF_[R\MqQ\d_qK_aFIq dOIaI
jRVWqBIqdI\cq_KqdO_hcA\Gcq_KqÌac_\cqR\q\IIGq_Kq7:qZcqjO_qjRWVqM_qjRdO_hdq\IFIccAbl

O
07-3@AGH8/O CEA/10JE1G O AEO .1O ?AK10O HAO H51O .-/:O A2O -O ;A@3O L-8HO ;7GHO 7@O H51O CJ.<8/O
GNGH1?O
)8?8<-F<N O!"O-<GAO5-GO-?A@3OI51O<A@31GIOL-7IOI8?1GO2AEO"*OG/-@GO7@OI51O/AJ@IEN

O-@0
H51G1O@J?.1EGO-<GAO/A@H-8@OHAO8@/E1-G1
,58<1OH51O4B D1E/1@H9<1OL-8HOH8?1O2AEOH51O?AGHOJE31@HO DE8AE7HNOO"*OG/-@GO5-K1

01/E1-G10O?-E38@-<;NO.1HL11@OOHAOO .JHOE1?-7@O-CCEAM7?-H1<NO
H8?1GOH51O?-M7?J?O.1@/5?-E:OH8?1OA2OO5AJEGO H51O4B C1F/1@H8<1OL-8HOH7?1G
2AEO-<<OAH51EOCE7AF8H81GO5-K1O7@/E1-G10 OGA?1H7?1GO?-E:10<N
#AEOCE7AF8H81GOO?-M8?J?OO0-NGO-@0OO?-M7?J?OO0-NG OH51O6O C1E/1@H8>1

L-8HO H8?1O 2AEO "*O G/-@GO 5-GO 8@/E1-G10O 2EA?O O HAO O 0-NG
O -@0O O HAO O 0-NG
E1GC1/H7K1<N
GO L8H5O '(<G O H51G1O L-8HO H8?1GO -E1O G83@828/-@H<NO ;A@31EO H5-@O H51O ?-M7?J?
-//1DH-.<1OL-8HOH7?1GO2AEO"*OG/-@GO1GI-.<7G510O.NOH51ODEAK7@/1
O-2H1EOL57/5OD-H71@HG
/-@O.1O1MC1/H10OHAOGJ221EO5-E?
*58GO 01<-NO AEO <-/:O A2O 08-3@AGH7/O H1GH8@3O /-@O 5-K1O G1E8AJGO -@0O ;A@3O H1E?O 51-;H5
F-?728/-I8A@GO *8?1=NO'(<GO-@0O"*OG/-@GO-E1O@1/1GG-ENOHAO08-3@AG1OC5NG8/-;O8@O@110
A2OJE31@HOHE1-H?1@HO-@0OHAOCFA/110OL7H5O?-@NO?108/-<;NO@1/1GG-ENOGJE31E71G
*51O 01<-NGO 8@O A.H-8@8@3O H51G1O 08-3@AGH8/O DEA/10JE1GO DEA<A@3O D-H81@HGO D-8@O -@0
GJ221E8@3 O 7@/F1-G1OH51OE8G:OA2OC1E?-@1@HO-@0O8EE1K1EG8.<1OC5NG7/-<O0-?-31
O-@0O8@
1MHE1?1O/-G1G O/-@O01<-NO<721G-K9@3O/A@07H7A@GO-@0O08-3@AG1G
*51E1O-E1OAH51EO08-3@AGH8/ODFA/10JE1GO2AEOL58/5OH51E1O-E1OK1FNO<A@3OL-8HO<8GHGO7@OH51
CJ.;8/OGNGH1? O-@0OH51G1O01<-NGO8@O?108/-<<NO@1/1GG-ENOHE1-H?1@HO5-K1O3EAL@OAK1E
H51ON1-EG
#AEO 8@GH-@/1 O /A<A@AG/AD71GO -E1O 1GG1@H8-<O 2AEO H51O 08-3@AG8G O -GG1GG?1@HO -@0
?-@-31?1@HOA2O/-@/1EOA2OH51O/A<A@O*51OGJEK8K-;OE-H1O2AEO/A<A@O/-@/1EO7GO5735O82OH51
/-@/1EO8GO07-3@AG10O1-E;N O-@0OC-H81@HGOF8G:OGCE1-0O-@0OCEA3F1GG8A@OA2OH518EO/-@/1F
72OL-7H7@3O2AEO/A<A@AG/ACN
+51OL-8HOH8?1O.1@/5?-E:O-2H1EO-OCAG7H7K1O/A<A@O/-@/1EO2-1/-<O.<AA0OG/E11@7@3OH1GH
#&*O H1GHO 8GO O L11:G O -2H1EO L58/5O H51E1O 7GO -@O J@-//1CH-.;1O E8G:O A2O /-@/1E
CEA3E1GG8A@
//AE08@3OHAO H51O $AK1E@?1@HGO<8?8H10O0-H-

O A@;NOOA2O "OC-H81@HGO E1/18K10
H518EO/A<A@AG/ADNO 2A<;AL8@3O-O DAG8H8K1O #%*O H1GHO AJHG801O A2O H51O !"O "-@/1EO 31@/N
G/E11@8@3ODEA3E-?OL8H58@OH51OOL11:O.1@/5?-E:OL-8HOH8?1O8@O O-@0OH58GO7GO0AL@
HAOOA2OC-H81@HGOGAO2-EO7@O

&y
( JVXnyXnycgoynYai]vyMyaMooRjygSyaMcvyiMoXRconytMXoXcUyMyQMvygjy otgy]gcURkyoVMcyoVR
NRcPVaMj\ytMYoyoXaRy9M]SygSy23yiMoXRdonytXoVyMyignYoYsRy7<KyoRnoytMXoRQyagjRyoVMd
&%ytRR\nyXcy" *yMNgqoyotXPRyMny^gcUyMnyoVRyaMuYaqayMPPRioMN]RytMYo
yMcQyoVYn
Xny qiy ogy "*$y tRR\ny ngy SMjy Xcy " +y gsRjy oVjRRy oXaRy Mny ]gcUy Mny oVRy aMuYaqa
MPPRioMN]RytMXo
* 1cQygcRygqoygSyRsRjvyoRcy23yiMoXRconytYoVyMyignXoXsRy6=KyoRnoytMYoRQygsRjy"&,ytRR\n
Xcy " *y McQy oVXny Xny qiy ogy %%"y tRR\ny Xcy " +y gsRky SYsRy oYaRny ^gcURjy oVMcy oVR
aMuYaqayMPPRioMN]RytMXo

+ JVRy ]gcUy tMXoy ]XnonyMcQyigoRcoXM]yVMkay PMqnRQy Nvy QR]Mvny Xcy aRQYPM]]vy cRPRnnMjv
Pg]gcgnPgiYRnyVMnyNRRcyQXnPqnnRQyYcyoVRyARUXn]MoYsRy1nnRaN]v yXcP]qQXcUyNvyoVRycgtw
CYcXnoRjygSyCRcoM]y9RM]oVyMcQy1QQYPoXgcnytVgyaMQRyoVRySg_^gtXcUygNnRjsMoYgcyMn
McygiignXoYgcyaRaNRj.
? 4MjPv/
AMnoy EPogNRjyYcyoVZny 9gqnRytRyjMYnRQyoVRyPMnRygSy CXPVMR]y8g^QaMcySkgay

FqM]YPqay 2RMPVy :Ry VMQy nqjURjvy Sgjy Pg]gcy PMcPRjy Ycy @McqMkvy " y 1y
Pg^gcgnPgivyYcy@qcRygSy" $ynVgtRQyoVMoyCXPVMR]yVMQyMy%yiRjPRcoyPVMcPRy
gSyjRPqkjRcPRygSyVYnyPMcPRjy1PPgjQXcUyogyoVRyUgsRjcaRconygtcyUqXQR]YcRny
CXPVMR^ynVgq]QyVMsRyVMQyMySg]]gtqiyPg]gcgnPgivytXoVXcynXuyagcoVny=oyVMny
cgty NRRcy "y agcoVny McQy CXPVMR^y 8g]QaMcy VMny noY]^y cgoy VMQy oVRy
Pg]gcgnPgivyoVMoyVRycRRQny1eQyXonyNRRcySgqkyagcoVnynXcPRytRyjMXnRQyoVYny
XnnqRyXcyoVXny9gqnRy3McyoVRyaXcYnoRkyRui^MXcyogyCYPVMR]y8g^QaMcyMyVYUVx
jXn\yiMoXRcoyMoynRsRkRyjYn\ygSykRPqkjRcPRygSyVYnyPMcPRkytVvyVRnyVMQyogytMYoy
"y]gcUyMcQysRjvytgjjvXcUyagcoVnySgjyVXnySg]]gtqiyokRMoaRco0y
5ROMoRnyhSyoWRyBRUXn^MoXsRy1nnRbO]vy;MenMlQ
y7ROjrMmvy#'y#!'y1TRkehhfy
H[oo[eUyLh^y#yDhy'yMoy)-'y
, IXaX]Mm]vySgjygoVRjyiMoXRconytMXoYcUySgjyMyPg]gcgnPgiXRny nqPVyMnyoVgnRytVgynVgt
NkXUVoy jRQy jRPoM]y N]RRQYcUy gjy PVkgcXPy qcRui^MXcRQy MNQgaXcM^y iMYcy
MiijguYaMoR`vy %y gSy iMoYRcony MjRy cgoy jRPRYsXcUy oVRYjy Pg]gcgnPgiXRny tXoVXcy oVR
aMuYaqayMPPRioMN]RytMXoyoYaRyNRcPVaMj\ygSy+ytRR\n
" JVRjRSgjRy oVRnRy]RcUoVvyQR]MvnyXcygNoMXcYcUycRPRnnMjvy QXMUcgnRny ]X\Ry CG^n y 3J

nPMcnyMcQyPg]gcgnPgiXRny cgoygc]vyQR]MvyojRMoaRcoyMcQycRPRnnMjvynqjURjYRnytYoV
McvyMooRcQYcUyiMXcynqSSRjXcUyMcQyjXn\ygSyiRjaMcRcoyQMaMURyNqoyPMcyPgaijgaYnR
MyiMoXRcony MNY]Xovy ogy gNoMXcy ^YSRnMsXcUy ojRMoaRcony Ycy oYaRy nqPVy Mny YnyoVRyPMnRy Sgj
PMcPRkyQXMUcgnRn
" >Sy oVRy 1aRcQaRcony MjRy iRjaXooRQy ogy Ugy Ycogy RSSRPo y iMoYRcony tMXoXcUy Sgky nqPV
Pg^gcgnPgiXRnySgjyagcoVnygkyqiy ogyMyvRMjyYcyoVRyiqN]XPynvnoRay YcySRMjyoVMoyoVRv
aMvyVMsRyPMcPRjy tX]]yNRyikgVYNYoRQySjgaygNoMXcYcUyagjRyoYaR]vyPg]gcgnPgiXRnyMo
ijXsMoRyP]YcXPny^X\Ry3MaNXRyMSpRkyEPogNRjy!y" +

a
6CDWa]DMNaPQYaQPM_aH?QR8T=D`?aYC?ETaRW_<CQMQAD<8Ma]?MM:?DPAa:[Ya@QTaWQO?aR8YE?PYW
]DMNaWDAPD@D<8PYM_aDOR8<YaYC?DTa8:DMDY_aYQaW[T\D\?a8aND@?aYCT?8Y?PDPAa<QP=DYDQP

6C?a,Q\?TPO?PYWa=8Y8aQPa]8EYaYDO?WaWCQ]aYC8YaYC?a'(aR[:MD<aC?8NYCa<8T?aW_WY?OaEWa
PQYa RTQ\D=DPAa <8T?a ]DYCDPa 8aYDO?M_a]8_a PQTa EWa DYaO??YEPAaYC?a ,Q\?TPO?PYWaQ]P
?WY8:MDWC?=a O8^DO[Oa 8<<?SY8:M?a ]8DYa YDO?Wa @QTa YC?a RTQ\DWDQPa Q@a O?=D<8MM_
P?<?WW8T_aW[TA?TD?Wa6C?aWDY[8YDQPaC8WaAQYY?Pa]QTW?aQ\?TaYC?aR8WYa@?]a_?8TW
&Wa 4T?OD?Ta -QTA8Pa T?<?PYM_a 8=ODYY?=$a *QTa @8Ta YQQa NQPAa @8Ta YQQa O8P_a 'TEYDWC
(QM[O:D8PWa]?T?aM?@YaQPa]8EYaNDWYWaEPWY?8=aQ@aA?YYDPAa@8WYa8<<?WWaYQaYC?aW[TA?T_aYC?_
P??=aYQa?PIQ_a@[MM a8<YD\? aMD\?W
* #$*!#*#!#%)*#!'#$
6C?a (8P8=D8Pa 0PWYDY[Y?a Q@a -?8NYCa 0P@QTO8YEQPa (1-1a T?RQTYWa _?8TM_a QPa YC?
R?T@QTO8P<?aQ@a(8P8=8a8P=aYC?aRTQ\DP<?WaEPaO??YDPAaR8P(8P8=E8Pa:?P<CO8TKWa@QT
<?TY8EPaRTDQTDY_aRTQ<?=[T?W
a]CD<Ca]?T?a?WY8:MDWC?=a:_aYC?a*ETWYa3EPDWY?TWaEPa
&WaWY8Y?=a:_a(2.1aDPaYC?aRT?8O:N?aYQaDYWaT?RQTYa?PYEYM?=a&*$* * *

!"#$! *)*#!(
1Pa a (8P8=8Wa *DTWYa 3DPDWY?TWa 8AT??=a YQa T?=[<?a ]8DYa YDO?Wa EPa @E\?a
RTDQTDY_a 8T?8W%a <8P<?Ta YT?8YO?PYa <8T=E8<a <8T?a =D8APQWYD<a EO8ADPA a HQDPYa
T?RM8<?O?PYa 8P=a WDACYa T?WYQT8YEQPa 6C?_a 8NWQa 8AT??=a YQa ]QTKa YQ]8T=Wa
O??YDPAa?\D=?P<? :8W?=a:?P<CO8TKWQTaY8TA?YW @QTaO?=E<8NN_a8<<?RY8:N?a
]8DYWa ]CD<Ca]?T?a?WY8:MDWC?=aDPaM8Y?aa@QTaWQO?aRTEQTDY_aRTQ<?=[T?Wa
(1.1a]8WaO8P=8Y?=aYQa<QMM?<Ya8P=a8PP[8MM_aT?RQTYaQPa]8EYaYDO?aEP@QTO8YEQPa
9P>aOQPDZQUaSTQ\DP<D9NaSUQBV?XXaFPaO??ZDPBa;?P<CO9ULXa
! 6C?a OQWYa T?<?PYa (1/1a 5?RQTYa DWa &* $*!#* #!#&)* #!'#$* *

*]CD<CaT?@?TWaYQaO?=D<8MM_a8<<?RY8:M?aYDO?@T8O?Wa@QTaRTDQTDY_aRTQ<?=[T?W
" &WaYC?a!a(1-0a 5?RQTYa ?ORC8WD`?W a YCDWa=8Y8a<Q\?TWaQPM_a78EYa6]QaYGO?WaEPaYC?

RTDQTDY_a RTQ<?=[T?a :?P<CO8TKWa ]CD<Ca T?RT?W?PYWa J[WYa QP?a R8TYa Q@a YC?a ]8DY
?^R?TD?P<?=a:_aR8YD?PYW
# 4UQ\DP<?WaQYC?TaYC8Pa '(aA?P?U8NM_aT?RQTYa78DYa6]Qa:8W?=aQPa YC?a)?<DWDQPa)8Y?

@QTaW[TA?T_aD?aYC?a=8Y?a]C?Pa8aYT?8YO?PYaC8Wa:??PaT?<QOO?P=?=a:_a8aWR?<E8NDWY
8P=aYC?aR8YD?PYaEWaT?8=_aYQa:?aYT?8Y?=
-Q]?\?Ta'(aT?RQTYWa78DYa6]Qa@TQOaYC?a'QQKDPAa+QUOa5?<?E\?=a)8Y?a
E?
YC?a=8Y?aQPa]CD<Ca8aCQWRDY8MaT?<?E\?Wa8P=a?PY?TWaYC?a:QQKDPAa@QTOa@QTaYT?8YO?PY

H
+45AH 0-B1H 6AH 31<1?-99GH -BH :1-ABH BE=H B=H 2=C?H E118AH -2B1?H B41H !1/6A6=<H !-B1H -<0H
B41?12=?1H-?B625/6-99GH?10C/1AHB41H-/BC-9HE-6BHB6;1HB4-BH-H>-B61<BH1F>1@51</1AH
)1D1?B4191AAHB41H0-B-HA4=EAHB4-BH ?6B6A4H=9C;.6-H6AH0=5<3H>==?9GHE6B4H?13-@0HB=

B41H>1?/1<BH =2H>-B51<BAH?1/16D6<3H/-?1HE6B45<HB41H>?6=?6BGH>?=/10C?1H .1</4;-?8A
1D1<HCA6<3HB41HA4=?B1@H,-6BH+E=HB6;1H/-:/C9-B10H2@=;H "*!H?-B41@HB4-<H!1/6A5=<
!-B1
$<H>-@B6/C9-?HB41H9-B1ABH%#&H0-B-HA4=EAHB4-BH;-<GH?5B6A4H =9C;.6-<AH-@1HE-6B6<3

>-ABHB41H>-< -<-06-<H.1</4;-@8AH6<H26D1H>?5=?6BGH>@=/10C?1AH-AH2=9:=EA
- H =2H H >-B61<BAH 6<H <110H =2H -H 47>H ?1>:-/1;1<BH -?1H <=BH @1/16D6<3
B?1-B;1<BHE6B45<HB41H;-F5;C;H-//1>B-.91H.1</4;-@8H=2HHE118A
. H =2H H >-B61<BAH 6<H <110H =2H -H 8<11H @1>9-/1;1<BH -@1H <=BH @1/16D5<3
B@1-B;1<BHE6B46<HB41H;-F6;C;H-//1>B-.91H.1</4;-@8H=2HHE118A
/ H=2H H>-B71<BAH6<H<110H=2H/-B-?-/BAH-@1H<=BH?1/15D6<3HB@1-B;1<BHE5B46<

B41H;-F5;C;H-//1>B-.91H.1</4;-?8H=2HHE118A
0 H =2H H >-B51<BAH 5<H <110H =2H -H 46>H 2@-/BC?1H ?1>-6?H -?1H <=BH @1/16D6<3
B@1-B;1<BHE6B46<HB41H;-F6;C;H-//1>B-.91H.1</4;-?8H=2HH4=C@AH-<0
1 H=2H H>-B61<BAH6<H<110H=2H?-06-B5=<HB41@->GH2=@H/-</1?H0=H<=BH?1/16D1H6BH

E5B46<HB41H;-F6;C;H-//1>B-.91H.1</4;-@8H=2H2=C?HE118A
'<H-005B6=<HB41H$#'H!-B-H2=@HH2=@H?6B6A4H =9C;.6-HA4=EAH<=H6;>?=D1;1<BH5<

E-6BHB6;1AH2=?H16B41?H46>H2?-/BC?1H?1>-5?H=@H@-06-B5=<HB41@->GHA6</1HH-<0H-
AB1-0GH6</@1-A1H5<H H>-B61<BAHE-6BHB6;1AH2=?HB41H=B41@HB4?11H>@5=@6BGH>@=/10C?1A
- 46>H?1>9-/1;1<BAH
2?=;H-H4634H=2HH>-B61<BAH?1/15D6<3HB?1-B;1<BHE6B45<
B41H.1</4;-?8H6<HHB=H-H<1EH:=EH=2HH5<H
. 8<11H @1>9-/1;1<BAH

2?=;H -H 4634H =2H H >-B61<BAH ?1/16D5<3H B?1-B;1<B
E6B46<HB41H.1</4;-?8H5<HHB=H-H<1EH9=EH=2HH6<HH-<0
/ /-B-?-/BH AC?31?GH 2?=;H -H 4534H =2H H ?1/15D5<3H B@1-B;1<BH E6B46<H B41
.1</4;-@8H6<HHB=H-H<1EH9=EH=2HH6<H
%<HB41H:136A:-B6D1H01.-B1H=<HB41H1AB6;-B1AH=2HB41H(5<6AB@GH=2H#1-9B4H5<HHB41
B41< (5<6AB1?H=2H#1-9B4H-/8<=E:10310HB41H>==@H@1/=?0H=2H?6B5A4H=:C;.6-H6<
;11B5<3HB41H;-F6;C;H-//1>B-.:1H.1</4;-?8AH2=?HAC@31?51A

H
BHC2/H</<,/AH</=C3?=/.HC2/HC+A1/CHC2+CH<?BCH4DA3B.3-C3?=BH

DB/H+--?A.3=1HC?HC2/H+=+.3+=H!=BC3CDC/H0?AH/+8C2H"=0?A<+C3?=H3BHC2+CHH
@/A-/=CH?0H@+C3/=CBHF?D8.H,/HCA/+C/.HF3C23=HHF//7BH0?AH23@BH !=H+=+.+H
C2/H+E/A+1/H3BHH@/A-/=CHCA/+C/.H F3C23=HHF//7BH !=H H F/H +A/H+CHH
@/A-/=CH
?AH7=//HA/@:+-/</=CHBDA1/AGHC2/HA/-?<</=.+C3?=H+1+3=H3BHH@/A-/=CH
C+A1/CH F3C23=H H F//7BH +>+.+H 3BH @/A0?A<3=1H +CH H @/A-/=CH A3C3B2H
?:D<,3+H3BH3=H1/=/A+8H?@/A+C3=1H+CHH@/A-/=CH
1+3=H C2/A/H +A/H .300/A/=-/BH+<?=1H2/+9C2H +DC2?A3C3/BH !0HF/H 8??7H+CH 23@H

A/@8+-/</=CH )+=-?DE/AH?+BC+8H3BH+CHH@/A-/=CH %?AC2/A=H /+8C2H +CH H
@/A-/=CH A+B/AH/+8C2HH@/A-/=CH !=C/A3?AH /+8C2HH@/A-/=CH+=.H!B:+=.H
/+8C2H+CHH@/A-/=CH
$=//H A/@8+-/</=CH BH !H B+3.H C2/H +=+.3+=H +E/A+1/H 3BH H@/A-/=CH .?=/H
F3C23=H H F//7BH ?AH H @/A-/=CH ?0H C2/<H B2?D8.H ,/H .?=/H 3=H H F//7BH
+=+.+H@/A0?A<BH+CHH@/A-/=CH*/H+A/H+CHH@/A-/=CH1+3=H.300/A/=-/BH
3=H2/+;C2H+DC2?A3C3/BH)+=-?DE/AH?+BC+:H-8?B/HC?HC2/H+=+.3+=H+E/A+1/H+CH
H@/A-/=CH %?AC2/A=H /+:C2H +CH H @/A-/=CH A+B/AH /+8C2H +CH H@/A-/=CH
!=C/A3?AH/+8C2H+CHH@/A-/=CH+=.H "B:+=.H /+:C2H+CHH@/A-/=C H&?H-8/+A8GH
B?</H.300/A/=-/BH+<?=1H2/+8C2H+DC2?A3C3/BH
#
!H5DBCHF+=CHC?H,/H-8/+AH'2/HE/AGH8+BCH@+ACHC2+CHC2/H<3=3BC/AHA/0/AA/.
C?HF+BH-+C+A+-CHBDA1/A3/BH!H<3BB/.H+H0/FHF?A.BHC2/A/

*/A/H6DBCHC+873=1H+,?DCH23@BH+=.H7=//B H
*2+CH3BHC2/H+E/A+1/HF+3CH0?AH-+C+A+-CHBDA1/AGH3=H A3C3B2H?8D<,3+

3=H C/A<BH ?0H F//7BH (2/H =+C3?=+8H,/=-2<+A7H0?AH -+C+A+-CH BDA1/A3/BH 3BH
F//7BH*2+CH@/A-/=C+1/H?0H-+C+A+-CHBDA1/A3/BH3=HH+A/H@/A0?A</.HF3C23=
C2+CHC3</H0A+</

*3C2H-+C+A+-CH BDA1/A3/BH C2/H @/A-/=C+1/H ?0H @+C3/=CBH 3BH H
@/A-/=CH CA/+C/.H F3C23=H C2/H ,/=-2<+A7H C3</BH F23-2H 3BH .?F=H 0A?<H H
@/A-/=CH C2/H G/+AH ,/0?A/H 1+3=H B?</H3=-A/+B/.HF+3CH C3</BH0?AH -+C+A+-CH
BDA1/A3/BH?E/AHC2/H8+BCHG/+AH
*).'.*. )"* ,.))#"-.$)(.+)-.-..

.*(&''$. **!%.
'".. '..*.
.

.83QF/C
!/C/29/CQ03C18B/H<QN/9JQJ9B3IQN3H3Q/CQ9BFDHJ/CJQIJ3FQ 0LJQ9CIL4491:3CJ
4EHQJNDQH3/IDCI
"9HIJQJ83PQDC=PQ1DM3H32QIF31:491QFH9DH9JPQFHD132LH3IQ9CQ49M3QFH:DH9JPQ/H3/IQ/C2Q!&$'
8/IQDC=PQ033CQ/0=3QJDQ1D>=31JQ2/J/Q4HDBQIDB3QFHDM:C13IQ "DHQ9CIJ/C13Q !Q1D>=31JI
2/J/QDCQ *,@IQ/C2QJH3/JB3CJIQ4DHQM/H9DLIQ1/C13HIQ0LJQ2D3IQCDJQFHDM923Q9JQJDQ!(%)
-31DC2Q N9J8:CQ J8DI3Q FH9DH9JPQ /H3/IQ J83Q F/C!/C/29/CQ 03C18B/H<IQ N3H3Q DM3H/>A
B/O9BLBIQ/C2Q/IQIL18Q2DQCDJQ/11DLCJQ4DHQJ83QLH73C1PQD4Q1/H3Q6DHQF/J:3CJIQN9J8:C
J8DI3Q73C3H/=Q1/K37DH93I
.83H34DH3Q DM3HQ J83Q F/IJQ J3CQ P3/HIQ J83Q !Q #DM3HCB3CJQ NDH<:C7Q JD73J83HQ N9J8
ILH73DCQ 3OF3HJIQ 8/IQ 3IJ/0=9I832Q B/O9B/==PQ /113FJ/0=3Q N/9JQ J9B3IQ 4DHQ /Q BL18
0HD/23HQH/C73QD4QILH791/=QFHD132LH3IQ9C1=L2:C7Q0PQ29443H3CJ9/J9DCQ0/I32QDCQF/J93CJ
C332Q29/7CDI3IQ/C2QIPBFJDBIQJ8HDL78QJ83Q !QF/J93CJQFH9DH:JPQ1D23I
"DHQ3O/BF>3QJ83QF/C
!/C/29/CQ03C18B/H<QJ/H73JQD4QQN33<IQ4DHQ89FQH3F>/13B3CJ
ILH73HPQ1DHH3IFDC2IQN9J8Q J83QFH9DH9JPQLC23HQJ83Q !QF/J93CJQ FH:DH9JPQ 1D23I
FH9DH9JPQQ
LJQB/CPQF/J93CJIQ9CQC332QD4Q/Q89FQH3F>/13B3CJQILH73HPQH3GL9H3QJ83QILH73HPQN9J89C
/QI8DHJ3HQJ9B34H/B3Q:CQ DH23HQJDQ/MD:2Q1DCJ9CL/J9DCQDHQNDHI3C:C7QD4QLC/113FJ/0=3
F/:CQ29I/09=9JPQ/C2QIL453H9C7QDHQ9HH3M3HI90=3Q8/HB
IQIL18QJ83Q !QFH9DH:JPQ1D23IQ4LHJ83HQIF3194PQJ83QB/O9BLBQ/113FJ/0=3QN/:JQJ9B3

23F3C29C7QDCQJ83QC332IQ/C2Q19H1LBIJ/C13IQD4QF/J93CJIQDM3HQ49M3QFH9DH9JPQ1/J37DH:3I
4HDBQFH9DH9JPQQF/J93CJIQ:CQI3M3H3QF/9CQN8DQ1/CCDJQ1/H3Q4DHQJ83BI3=M3I QDHQN83H3
23=/PQ B/PQ>3/2Q JDQ I3M3H3Q 8/HBQ B/O:BLBQ /113FJ/0=3Q N/9JQ J9B3Q D4Q Q N33<IQ JD
FH:DH:JPQ Q F/J93CJIQ N9J8Q B9=2Q F/9CQ 0LJQ /Q JD>3H/0=3Q 4LC1J:DC/=Q 234:19JQ B/O9BLB
/113FJ/0=3QN/9JQJ9B3QD4QQN33<I
.83Q#DM3HCB3CJIQ2/J/QI8DNIQJ8/JQJ83Q?/H73QB/;DH9JPQD4QF/J93CKIQ:CQ C332QD4QJ83I3

89FQ /C2Q<C33Q H3F=/13B3CJQ ILH73H93IQ /H3Q HDLJ9C3=PQ N/:J9C7Q 03PDC2Q J83Q B/O9BLB
/113FJ/0=3QN/9JQJ9B3IQ4DHQJ839HQFHD132LH3IQ/1HDIIQ/>=QFH9DH:JPQ/H3/I
"DHQ9CIJ/C13Q4DHQ89FQH3F=/13B3CJQILH73HPQJ83QIJ/J9IJ91IQ4HDBQJ83Q !Q-LH7:1/=Q+/J:3CJ

,379IJHPQ /H3QI3JQDLJQ9CQ!8/HJQQ03@DN

!$ $!$" #$ !$ !$!$

$
$

"#F++9j 2T^j +_cRH_TcTbj 7]T\cj 4j!jgMMXb '*j !!)j %j !$j

-MQM\M_IcT]\j BMfM_Mj
?IV\j @IcVM\cj ,I\\]cj BMYO
,I_Mj >_j -MZIhj <Iij :MILj
C]jBM_T]ebj2I_[j
"#F++;j 2T^j +_cS_TcUb8]T\cj !j#jgMMXb ")j "(j j (j

-MQM\M_IcT]\j BMfM_Mj?IT\j
+\L>_j E_QM\cj
5[ÎV_[M\c-VbIJTYTcij
4[[MLTIcMj DS_MIcj D]j A]ZMj
>_j 6\LM^M\LM\KMj j .1j
,]YYI^bMLj /M[]_IZj 3MIL j
+f\j
"#F++<j 2T^j +adR_TcTb8]T\cj "j&jgMMXbj *!&j *!j !""j !j

-MQM\NÌcV]\j BMfM_Mj
,]\bcI\cj @IT\j >_j ,]\bcI\cj
0e\KcT]\IZj -MPKTc
j
6[[T\M\cj CR_MIcj C]j A]YMj
>_j6\LM^M\LM\KMj
"#F++=j 2V^j +_cR_TcVb7]T\cj #j !jgMMXbj !(*j !#)j (#"j !($j

-MQM\M_IcV]\j <]LM_IcMj
C]j BMfM_Mj @IT\j GTcSj
BTQ\TPKI\cj >_j BMfM_Mj
0e\KcT]\IYj;V[TcIcV]\j
"#F++>j 2T^j +adS_VcTb7]W\cj $j!&jgMMXb !*j #*)j $*j $)j

-MQM\N_IcT]\j <TYLj @IT\ j

F
*h

)h !>C:G]h
4h 5h
$34?F4?F6A?@F<;.F.D*:=8.F >F*EF5;F34?F14-*B4@F F>.B4.C?F@3.FC*5@F@4:.F-*@*F0<>

@3.?.F *;-F <@3.>F ?A>24,*8F =><,.-A>.?F *,><??F >4@4?3F <9A:+5*F C35,3F 3*?F +..;
,<:=49.-F+EF@3.F!><B5;,4*8F<B.>;:.;@F4;F@3.F#!"F *;-F-4?,9<?.-F+EF@3.F.0.;-*;@
4;F@35?F=><,..-4;2
%3.FF<B.>;:.;@?F#!"F-*@*F<;F@3.FC*4@F@4:.?F.D=.>5.;,.-F+EFF=*@4.;@?
F*;-
3<CF@3<?.FC*4@F@4:.?F,<:=*>.F@<F@3.F:*D4:A:F*,,.=@*+8.FC*4@F@4:.F?.@F<A@F4;F@3.
=>4<>4@EF,<-.? F ?3<C?F@.;?F</F@3<A?*;-?F<0F=*@5.;@?FC*4@4;2F+.E<;-F@3.F:*D4:A:
*,,.=@*+9.FC*5@F@5:.?F0<>F:*;EF:.-4,*9F=><,.-A>.?F.B.>EFE.*>
&34?F 5?F.B4-.;@F 4;F@3.F<B.>;:.;@?FC*4@F@5:.F -*@*F0<>FF ,<;@*4;.-F5;F *

-<,A:.;@F @4@9.-F #A>24,*8F (<9A:.?F *;-F )*5@F '4:.?F C..7?F +EF 4*2;<?4?F *;-
!>4<>4@EF .B.9F -4?,9<?.-F+EF@3.F.0.;-*;@F4;F@3.?.F=><,..-5;2? F C34,3F?3<CF8<;2
C*4@?F *,><??F :*;EF ?A>25,*8F =><,.-A>.?F #<:.F .D*:=9.?F </F@3.?.F ?@*@4?@5,?F *>.
,<;@*4;.-F4;F3*>@F F+.9<C

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

&. '. **. ,!+ !%. **. ,!+ !%.
)+. )+.
&+&h !>O^7Lh <H\>7\>h 3>d>Y>h h h e>>J\h h . h .
R7HOIO@>:^HPOheI^Fh\>d>W>h
N><I:7LhXH\Jh
h/"h HLH7Wgh PMI:h \>d>Y>h hhe>>J\h h
. h
.
<7HLfhS7HO
h1.$ h $O<PN>_WHP\H\h \>d>Y>h he>>J\h h . h .
L7R7YP\:PRH:h <>9HMI^7^HODh
Y>UaHYHO6EhO7Y:Q^H:\h
2#'h 0>LdI:h T7IOh Y>DaL7Yh he>>J\h h . h .
O7Y:P^H:\h PYh A[>Va>O^h
%1hdH\I^\ 7<NH\\HPO\h
h , h 7^7Y7:^\h aO79L>h ^Ph hhe>>J\h h
. h .
@cO:`HPOh eI^FPa^h
7\\H\^7O;>h
h -(h 7^7Y8:^\h ePZJ h=WHdHODh h h
h h
HNR7HY><h PWh aO79M>h ^Ph e>?J\h

BbO:^HPOh7^hePYKh

k+# k ajVZcYV>cMBk B>^YcMDk k k iEEQak k

k
acEXYaMak Z^YKÊaaNhEk YhE^k
k
k-'"k !R?fDMC?cMYXk aEhEÊk kkiEEQak k k
[?MXk iMcLk VMXMV@Rk
i>RQMXKk AEDk ^MDDEXk
cLÊ>ck cYk 6YTEk ?XDk
MXDE[EXDEXCEk
k92k 7LYgRDE^k
êL^McMa+YMXck k k k
k
"EKEXE^?cMYXk 1YDE^?cEk iEEQak
9Yk 8EhEÊk 4?MXk <McLk
8MKXMIB?Xck Y^k
7EhEÊk %fXBcMYX>Rk
0MVMb>cMYXk9LÊ>ck cYk_YTEk
?XDkMXDF\FXDFXCFk
7LYgRDE^k
`cL^McOa,YMXck kkiEEQak k
k

:1k "EKEXE^>cMYXk 7EhEÊk
!YXac?Xck 5?MXk 3^k
!YXac?Xck &fXBcMYX>Rk
"EJCMc k )VVMXEXck 9LÊ?ck
:Yk6YSEk3^k*XDE]EXDEXCEk
(?XDk !YXDMcMYXk 7EhEÊk kkiEEQak k k

;="k 5>MXk 5?cMEXdk
!>XXYck8ERG !?Êk "ER>jk
<MTUk.E?Dk:Yk
7E^MYgak (?PWk $'k /Yaak
3Hk2E^hEk&fXBcMYXk

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

&#%%, $',$,#, ", % $,!#$%,,"$, ,$&" $,$,$&, '%,
"&,, )

,S $ND8S 0D25IS

SSP55=K S S
FD7HC53S 'HS
+NLG52M54S
*S 0D25IS 'O0HRS S SP55=LS S S

0??FG;0DS -N15S 'IS
(5I;MFD5NCS
*&S !DO0L;O5S 20D25IS F6S M:5S "SSP55=LS S S

25IO;QS
(%S ?0445HS 0D25IS SSP55>L S

S
@0445IS N?9NH0M<FDS
/;M:SRLMFL2FGRS
(%S ?0445IS 0D25IS /;M:S SS /55=LS S S

*;L=S '6S 0D25HS
(IF8I5LL;FDS
RLM52MFCR*04;20AS
/;M:S.I<D0HRS;O5HL;FDS
)-S (HFLM0M5S 0D25HS /<M:S SSP55=LS S S

;8:S *;L=S '6S 0D25JS
(HF9H5LL;FES *04<20BS
(HFLM0M52MFCRS
S#S +RCGMFC0M;2S 20IFM;4S "SSP55=LS S S

LM5DFL;LS LMHF=5LS-"S
/<64#</.#<#9-0+#<5'#<05(#.5<02)/2(5:<!/"#<%/3< +""#2<!.!#2<8(5'<2(4*</$<!.!#3

02/&3#44(/.< /"#< ;<(4<<02)/3)5:<+#7#+< <8(5'<<-9)-6-<!!#05 +#<8)5
5(-#< /$< 58/< 8##*4 < .< < /.+:< < /$< <05(#.54< 8#2#< 53#5#"<8(5').< 5'5
-#"(!++:<!!#05 ,#<8(5<5)-#
'#2#$/2#</$< <05(#.54< //*#"<$/2<462&#2:<5/< +""#2<!.!#2<8(5'<2(4*</$

!.!#2< 02/&2#44(/.< (.< < < 8(5#"< < 5(-#< #:/."< 8'(!'< 05)#.54
03#4#.5).&< 8)5'< 5'#< 035)!6,3< "(&./4(4!/.")5)/.< !/6+"< 46%$#3< .#&5(7#
!/.4#16#.!#4<!!/3"(.&<5/<5'#<<(.(452:</$<#+5'

G
!:<G.>G?-.>G&G8&??*<G:+G;&?.*9?>G'*.9,G?<*&?*)GC.?-.9G&G)&EG:<G?C:G:+G?-*G'*9(-8&<2
C&.?G?.8*>G ?-*EG&<*G'*.9,G?<*&?*)G>/,9.+.(&9?3EG'*E:9)G?-*G8*).(&33EG&((*;?&'3*
C&.?G?.8*G>.,9.+/(&9?3EG<*)A(.9,G?-*/<G(-&9(*>G+:<G&G+A73G<*(:B*<E
:<G/9>?&9(*G?-*G ;*<(*9?.3*GC&/?G?08*G+:<G'3&))*<G(&9(*<G?<*&?8*9?GC/?-G</>2G:+

(&9(*<G;<:,<*>>.:9G:)*G" GC&>GGC**2>G+<:8G#G&9)G GC**2>G+<:8
*(.>.:9G&?*GC-.(-G8*&9?G?-&?G-&3+G:+G?-*G;&?/*9?>G.9G9**)G:+G?<*&?8*9?G/9G
C*<*GC&.?.9,G?C:G?:G?-<**G?.8*>G?-*G8&D.8A8G&((*;?&'3*G'*9(-8&<2G?/8*

$-*G ?-G;*<(*9?.3*G C&.?G ?.8*G +:<G ?-.>G ;<.:</?EG(:)*G/9G GC&>GG C**2>G +<:8
*(.>.:9G &?*G:<GGC**2>G+<:8G #G C-.(-G8*&9>G?-&?G:9*G:A?G:+G*B*<EG?*9
;&?.*9?>G/>GC&.?.9,G'*?C**9G G&9)GGC**2>G+:<G?-.>G>A<,*<EGC-.(-G.>G+.B*G?:G>*B*9
?/8*>G?-*G8&D/8A8

:<*:B*<G?-*>*GC&.?G?.8*>G&<*G,<:C.9,
G :B*<98*9?G >@&?.>?.(>G +<:8G G)*8:9>?<&?*G>.,9/+.(&9?G &9)G.9(<*&>/9,G C&.?

?/8*>G+:<G3/+*G?-<*&?*9.9,G.339*>>*>G3.2*G(&9(*<
& :93EGG:+G;&?.*9?>G/9G9**)G:+G.88*).&?*G?<*&?8*9?G+:<G:B&<EG +&33:;.&9

?A'*G :<G;*<.?:9*A8G &<*G?<*&?*)GC.?-/9G?-*G'*9(-8&<2GC&.?G?.8*G C-.(-
.>G):C9G+<:8G&G-.,-G:+G G.9G
F'G :93EGG:+G;&?/*9?>G.9G9**)G:+G/88*).&?*G?<*&?8*9?G+:<G'4&))*<G(&9(*<G
C.?-G&G<.>2G:+G(&9(*<G;<:,<*>>/:9G&<*G?<*&?*)GC.?-.9G?-*G'*9(-8&<2G?.8*G
C-.(-G.>G):C9G+<:8G&G-/,-G:+GG/9G G&9)G
( :93EGG:+G;&?/*9?>G.9G9**)G:+G?<*&?8*9?G+:<G;<:>?&?*G (&9(*<GC.?-G&G</>2

:+G(&9(*<G;<:,<*>>.:9G&<*G ?<*&?*)GC.?-.9G'*9(-8&<2G?.8*G C-.(-G/>G):C9
+<:8G&G-/,-G:+GG/9G
$-A>G?-*GC&.?G?/8*>G+:<G8&9EG:+G?-*>*G?<*&?8*9?>G&<*G.9(<*&>.9,G9:?G,:.9,G):C9
)*>;.?*G>?*&)EG.9(<*&>*>G.9G;<:B.9(.&3G>;*9)19,G:9G-*&3?-G(&<*

.B*9G?-*G3*9,?-EGC&/?G?.8*>G.9G?-*G;A'5.(G>E>?*8G /+G;&?.*9?>G&<*G;<:-.'.?*)G+<:8

>**2/9,G>A<,.(&6G&9)G).&,9:>?.(G?<*&?8*9?G:A?>/)*G:+G?-*G;A'7.(G>E>?*8G?-*/<G;&.9
&9)G>A++*<.9,GC/33G'*G;<:7:9,*)G&9)G?-*EG&<*G&?G<.>2G:+G'*.9,G;*<8&9*9?3EG-&<8*)
%-.>G/>G)*8:9>?<&?*)G.9G?-*G+:37:C/9,G*B.)*9(*G?-&?G-&>G&3=*&)EG'**9G;<*>*9?*)G.9
?-*G?<.&3

%L =,L+)=LJ>FL4FBDL?)FB-L1-@-L)=,L,-B+@2*-L/>@LFBL*JLD13BLD3<-LH1)DL
)A-LJ>FLB--3=0L2=L()83,BL*)+7L)=,LL
L (-89
L LBF??>B-LD1)DLH)BL>=-L >.L D1-LD12=0BLD1)DLBF@?@3B-,L<-L D1-L
<>BDL3BL1>HLD13=0BL@-)88JLBD)AD-,LD>L?@>0A-BBL=>HLDLH)B=DL>=9JL13BL
*)+7LD1)DLH)BL*-2=0L)..-+D-,L$>HL3DLH)BLD12BL,-.>@<3DJL>.L13BL+1-BDL
-L ,-G-9>?-,L )L*)A@-8L +1-BDL 3BL @3*BLH-@-L 72=,L >.L DF@=3=0L 2=L >=L
D1-<B-9G-BL'1-A-LH)BL=>L<>@-L,-=J2=0LD1)DL()83,L1),L7J?1>B2BL
#27-L*-.>@-L=>*>,JL@-)98JL=>D2+-,LD1-L7J?1>B2BL>=-BD9J
LH1-=L L
.3@BDL B)HL 2DL =>*>,JL -8B-L B)HL 2DL $>*>,JL -9B-L =>D2+-,L 2DL DL H)BL
B><-D13=0L J>FL7=>HL ,L)9<>BDLD-99L()82,LD>L*-=,L>G-@LB>LJ>FL
+>F9,LB--L2DL FDL=>HL2DLH)BL D12BLB>F=,BLA-)98JLB),
L*FDL3DLH)BL937-L
()83,BL1-),L-=D-A-,LD1-L@>><L*-/>@-LD1-L@-BDL>.L12BL*>,JL*-+)FB-L
1-LH)BLBD)@D2=0LD>LBD>>?L>G-@LB>L<F+1L
%L =,L1>HLH)BLD12BL)..-+D3=0L()82,L
L (-9: L J>FL 7=>H

L LH2B1L1-LH>F8,L1)G-L5FBDLBD)@D-,LB+A-)<3=0L)=,L
B)J2=0
L L+)=DLD)7-L3DL)=J<>A- L*FDL()82,L ()83,L3BL 1-L3BL)LD@F-L
)=><)8JL-L6FBDL7-?DL0>2=0L)=,L)L8>DL>.L73,BLH>F8,L1)G-L*--=LG-AJL
)..-+D-,L L D13=7L )*>FDL D1-2AL ?1JB3+)9L )??-)@)=+-
L *FDL 3DL ,3,=DL
*>D1-@L13<L-LH>F8,L5FBD L>7)J
L0FJB
L9-DBL0>L?9)JL*)B7-D*)88L)=,L
J>FL +>F9,LB--L 73,BL 0>3=0
L >1
L <JL 0>B1L H1)DBL HA>=0L H2D1L12<L
-B
L827-
L+><-L>=L9-DBL?9)JL"-DBL 3DL5FBDL=-G-@L*>D1-@-,L13<
LB>L
L(1)DL*>D1-@-,L12<L3BLB--2=0L<-L*-3=0LF?B-DL=,LLDA2-,LD>LB12-9,L
12<L.A><LD1)DL*-+)FB-L L7=>HL1>HLD1)DLF?B-DBL13<L-<>D3>=)88JL&>L
D1)DLH)BLA-)99JLD1-L>=8JLD2<-L1-LH)BLF?B-DL)*>FDL12BL+>=,2D3>=LH)BL
H1-=L1-L7=-HL1>HL2DLH)BLH>AAJ3=0L<-L
-L1),L2=+A-)B-,L?)3=L2=L12BL8-0BL(1-=L1-LH)BL 3.L H-LH-@-L>FDL

B1>??3=0L )=,LD12BL 1-LH>F8,LB)J
L<><
L<JL9-0BL)@-L@-)88JLD3@-,L
D1-JL A-)89JL1F@DL+)=LH-L0>L1><-L=,LD1)DL,>-B=DL B>F=,L@-)88JL
D>>L*3K)@A-
L*FDL <LD)973=0L)*>FDL)L+138,LD1)DL1),L,>F*8-L1-A=3)CL
)=,L =-G-@L +@2-,L >=+-L )*>FDL 2DL -L1)BL )L BF?-@L 1301L D>9-@)=+-L >.L
?)2=L
-L,-G-9>?-,L !L<-)=
L)=,LL+)=DLB)JLD1)DL3DBL-I)+D9JL*-+)FB-L>.L
D1-L7J?1>B2BL *FDL !L BD@>=08JL*-92-G-L3DL H)BL )=,L -B?-+2)8;JLB3=+-L1-L
1),LB>L<)=JL?@>*8-<BL)/E-@H)@,BLH2D1L13BLBD><)+1L-LBD)@D-,LD>L
1)G-L BD><)+1L ?)2=BL -L 1),L )L 1)@,L D2<- L 837-
L 1)G3=0L )L *>H-8L
<>G-<-=DLB><-D3<-B
L)=,LD1-=LH1-=L1-L1),L13BL*>H-9L<>G-<-=DL
1-L.-8DL<F+1L*-DD-AL&>LD1-A-LH-@-LB><-LD12=0BL937-LD1)DLD1)DLH-@-L
,-.3=2D-8JL =-HL D1)DL 1),L =>DL *--=L 1)??-=3=0L ?@2>AL D>L B--3=0L @L

P
.7;??O P #KIP;IPM2HBIPG72??OP &PA72B

P ;IPHCKB6HPG72??OP326P &BPHCA7P
M2OHP&PM;H:P:7PMCK?6P:2L7P:26PMCGH7PE2;BP3752KH7PA2O37PI:7BP;IP
MCK?6P:2L7P 'P 6CBIP=BCMP )2O37P HCA73C6OP MCK?6P:2L7PI2=7BP
:;AP 6CB7PHCA7I:;B9P6;887G7BI?OP (P6CBIP=BCMP
0G2BH5G;FJP$2OPP+5JD47GP
P PF297P
P@;B7P
PJDPF297P
P?;B7P
P

-P "B6P:CMPM2HPOCKGP=B77P6KG;B9PI:2IPE7G;C6PC8PI;A7
"P (IPM2HP2HPE2;B8K?P2B6P97II;B9PMCGH7P(PA72B
P#KGB23OP*CGI:P;HP2PL7GO
?2G97P H5:CC>P ;BP I7GAHP C8P E:OH;52?P 8CCIEG;BI
P HCP I:7G7HP 2P ?CIP C8P
M2@=;B9P2GCKB6
P2B6P3OPI:7PI:;G6PE7G;C6PC8PI:7P62OP;IPM2HPG72??OP7L7B
:2G6PICP 97IP ICP AOPB7NIP5?2HHP 3752KH7P (PM2HP ;BP2P @CIPC8PE2;BP8GCA
M2@=;B9P2@?P62OP"B6PI:2IHPBCIPBCGA2?P8CGP2PB;BI:P9G267GP%OAP5?2HH
(P G72??OP :26P ICP BCIP 6CP A2BOP C8P I:7P 25I;L;I;7H
P BCIP ICP A7BI;CB
7NIG25KGG;5K?2GHP (PA72B
P;8P &PM2HP;BPE2;BP378DG7P@2HIPE7G;C6
P378CG7
7NIG25KGG;5K?2GHP 28I7GP H5:CC?
P (P A72B
P OCKP<KHIP 6CBIP M2BIP ICP 6C
I:7APM:7BPOCKG7P;BPI:2IPAK5:PE2;B
-P /CPM:2IP6;6POCKP6CP;BHI726
"P %CP:CA7
PG72??OP%CP:CA7
PEKIP;IPKE
P;57P2B6P"6L;?P2B6P5CK@6BIP6C
AK5:PACG7P *CIP I:2IP I:2IP A267P I:7P E2;BP ICI2??OP9CP2M2O
P 3KIP;I
:7?E76
-P ,=2OP"B6P:CMP6;6PI:2IP28875IPOCKP;BPOCKGPH5:CC?P2B6PHC5;2?P?;87!
"P (P A72B
P (P G72@?OP ICC=P 2P @CIP C8P L2@K7P 8GCAP AOP 7HE75;2?@OP AOP
7NIG25KGG;5K?2GHP2B6P6C;B9PM7??P;BP5?2HHP (PA72B
P&AP2PEG7IIOP:;9:?O
ACI;L2I76PHIK67BI
P2B6
POCKP=BCM
PI:7P7NIG25KGG;5K?2GHPM7G7P2PL7GO
3;9PE2GIPC8
POCKP=BCM
PM:2IPKB;L7GH;I;7HP2G7P@CC=;B9P8CGPI:7H7P62OH
2B6P;IPM2HPL7GOP;AECGI2BIP8CGPA7P"B6PI:7OPM7G7P2?HCPI:;B9HPI:2IP&
G72@@OP?;=76PICP6CP/CPA;HH;B9PHCA7PC8PI:CH7PM2HPBCIP2PECH;I;L7PI:;B9
8CGPA7P2IP2??
-P 1:2IP23CKIPH?77E;B9
"P ,:
P;8P(PM2HP;BPE2;BP;IPM2HPEG7IIOP:2G6PICPH?77E
"P ?CIPC8PICHH;B9P2B6PIKGB;B9

mm m
;m 0^Hmf_mN_jmHOHmgNOfmBKKJFgml_hmJ]_gO_^BZYl/m
0m 5m]JB^mgNJmfh]m_KmgNJfJmgNO^MfmdJBYYlm]BHJm]JmbhOgJmh^NBaalm6m
jBfmWP^Hm_KmMc_hFNlmKcB^WYlm6mjBfmO^mBmZ_gm_KmaBO^mClmgNJmJ^Hm_KmgNJm
HBlm B^Hm ^_gm CJO^Mm BCYJm g_m H_m gNO^Mfm gNBgm 5m ZPWJm 6m ]JB^m
9B^hBcl!3JCchBdlmPfmaJBWmfWOmfJBf_^mjNPFNmPfm_^Jm_Km]lmKBi_hcPgJm
BFgOiOgOJfmB^Hm l_hmW^_jm 6m F_hYH^gmM_mjOgNmgNJmfFN__Z-m 7m F_hZH^gm
M_mjPgNmB^lm_Km]lmKdPJ^Hfm<_mlJBNm 5m]JB^mPgmjBfmBmCPgmPf_YBgP^MmBfm
jJZZm
=eB^fFePagm1Blm&(m:Fg`DJem#)m&"$+
maBMJm$" m[O^Jm+ mg`maBMJm$$ m[P^Jm,m
QRR

0m AJBNm<_mOgmjBfmUhfgm 5mgNO^WmCJFBhfJm_KmNBiO^MmM__HmNJBYgNmacO_dmg_
gNBgm8mNBiJ^gmNBHmg_mahcfhJmBmZ_gm_Km]JHOFBYmBffOfgB^FJmP^mgNJmaBfg
B^Hm f_m 5m jBfm Bm ZPgg\Jm CPgm B^kO_hfm BC_hgm jBPgP^Mm gNBgm Y_^Mm K_dm]l
Baa_O^g]J^g mChgm5mfgBdgJHmg_mNBiJmaBO^mO^m]lmCBFWmB^HmfPHJmBdJB
B^Hmf_mjNJ^mgNBgmNBaaJ^JHm5mjJ^gmg_mfJJmBmjBYWP^mH_Fg_cmCJFBhfJ
PgmjBfm_^m4cOHBlmB^Hm]lmH_Fg_cmH_Jf^gmj_cWmgNBgmHBlm<_m5mjJ^gmg_
fJJmgNJmjBYWO^mH_Fg_cmg_mUhfgmfJJmNJcm_aOÔ_^
;m 0^HmFB^ml_hmHJfFcOCJmBmYOggYJm]_cJmgNJmaBO^ml_hmfgBegJHmg_mNBiJ/
>dB^fFcPagm2Blm')m:Fg`DJem%, m'"%+
maBMJm)m[P^Jfm(+),m
0m 5gmjBfmUhfgmBmF_^fgB^gmWP^Hm_KmY_jmMcBHJmaBS^mO^m]lmEBGXmfOIJm0gmLSefgm
5mgN_hMNgmOgmjBfm]BlCJm YOWJm 6m jBfmj_cWO^Mm_hgmBgmgNJmgP]Jmf_m 6m
gN_hMNgmOgmjBfm]BlCJmYOWJmBmahZ[JHm]hfFZJm_cmf_]JgNO^MmDhgmOgmVhfgm
^JiJcmNJBYJHmB^Hmf_m5mgN_hMNgm5HmCJggJdmfJJmf_]J_^JmBC_hgmPgm
>dB^fFdOagm2Blm&)m:Fg`DJcm$, m&"$+
maBMJm*m[O^Jfm$,m
;m 0^HmjNBgmWO^Hm_KmaBO^mjJcJml_hmJkaJcOJ^FO^MmBgmgNBgma_P^g/m
0m AJBNm OgmVhfgmM_gmBmYPggZJmCOgm]_dJmP^gJ^fJm ?NJmaBP^m OgfmfgPZZmO^mgNJm

fB]JmaZBFJm_^m]lmCBFWmfOHJmAJBNm<_mOgmjBfmVhfgmWO^Hm_KmBmZPgg[JmCOgm
_KmBmfgc_^MJcmaBO^mB^HmVhfgmh^fJggZT^M.mdOMNg/m@NJ^ml_hmW^_jmgNBgm
l_hcJmNBiO^MmCYJJHP^MmB^HmaBO^mBgmgNJmfB]Jm gO]Jm l_hmUhfgm Ogfm
WP^Hm_Kml_hcmC_HlmgJZYP^Mml_hmgNBgmf_]JgNO^MmPfmM_O^Mmjd_^Mmf_mm

(` *P` ^>/Y` >/RR8N86` /Y` _P\T` /RRP@NYM8NY` /Y` Y>8` 8M8T<8N4_`

68R/TYM8NY`
` +P` #`W/^`/`7P4YPT`Y>/Y`</]8`M8`WPM8`1GPP7`Y8WYW`YP`WY/UY`P\Y` /N6`

Y>8`2HPP6`Y8WYW`6?6NY`W>P^`/N_`/2NPTM/H?Y?8W`/Y`Y>/Y`RP@NY`284/\W8`
^>8N`Y>8_`6P`Y>/Y`;@TWY`@N@Y@/H`2IPP6`Y8WY`Y>8_`6PNY`6P`/`HPY`P;`Y>8`
6?;;8T8NY` Y8WYW`Y>/Y` 4/N`W>P^`4/N48T`M/TF8TW ` Y>/Y`F@N6` P;`Y>?N< `
184/\W8` Y>8` 4/N48U` M/UF8VW` /T8NY` /H^/_W` /N` /44\T/Y8` ^/_` P;`
6?/<NPW@N<`4/N48T`
*P`8]8T_Y>?N<`HPPF86`;?N8
`/N6`"`/WF86`>?M`@;`^8`4P\H6` "`YPH6`>AM`
Y>8` >@WYPT_` /N6` Y>/Y` "` ^/W` ^/@Y@N<` \NY@H` %P]8M28T` YP` <8Y` /`
4PHPNPW4PR_` /N6` /WF86` >@M` B;` Z>8U8` ^/W` /N_` ^/_` P;` 2U?N<@N<`
WPM8PN8`@N`;PU`Y>/Y `H@F8
`/`WR84?/G@WY `YP`2U@N<`WPM8PN8`?N`YP`HPPF`
/Y`M_` 4/W8 ` /N6`>8`W/@7` 1/W@4/HH_`Y>/Y` #` ^/W`/`>8/HY>_` _8/TPH6`
^PM/N` /N6` Y>/Y` M_` 2HPP6^PTFÌPPF86` ;@N8 ` 2\Y`>8` W/@6` Y>/Y` >8`
^P\H6`4/HH` PU`>8`^P\I6`R\Y`@N`/`T8S`;PT`/N`\HYV/WP\N6Ì/Y8T`Y>/Y`
^88F`
(` N6`6@6`>8`/<U88`YP`4/HI`@N`/`WR84@/H@WY`/Y`Y>/Y`RP@NY`YP`HPPF`/Y`_P\`
` %P` %P `>8`6@6NY`!8`W/@6`Y>/Y`Y>8`WR84@/H@WY`^P\H6Ì/\<>`/Y`>@M`@;`
Y>/Y`^/W`YP`>/RR8N`
(` N6`>P^`6?6`_P\`;88G`/2P\Y`Y>/Y`/RRPCNYM8NY`
` .8/> ` @YW
` H@F8 ` E\WY` \NW8YYL@N<` ^>8N`_P\` <P` YP` <8Y` >8HR` ;PT`_P\U`
>8/HY>`/N6`?Y`6P8WNY`W88M`J@F8`/N_PN8`?W`Y/F?N<`_P\`W8T?P\WI_`
,U0NX5UDR[`0_``&5[Q39T` `
`R0=9` Ì@O9`
`[Q`R0=9``K?N9``

(` 'F/_`*P`_P\`^8NY`1/4F`YP` U`-84F^:TY> `/N6`P\T`@N;PUM/Y@PN`@W

Y>/Y`Y>/YW`@N`Y>8`M?66H8`P;`$/_`P;`
` 'F/_
(` 'F/_`N6`_P\`W/?6`Y>/Y`W>8`Y>P\<>Y`/Y`Y>/Y`]?W@Y`Y>/Y`_P\`N88686
/N`$)"
` .8W

i
9i *Zi hZdi ÊVEVAEî @WhbJKWHi ERÈi @AZdbi bJ@bi eK`Kbi fKbJi *^ i

?ECQfZ^bJ&i
'i 6Zi 0i ÊVEVAEî JEî AEKWHi eE^hi CZWCE^WEDi AEC@dÈi 1i f@ì

DL`b^@dHJb i0ibJNWQi 0i`b@^bEDiC^hNWHiNWibJMì eK`Nbi@WDi0ViWZbi ZWEi
0i
DZWbiRKQEibZi`JZfi\EZ\REibJ@bi@ÊWbi 0iDZWbiÊ@RUhiRKQEibZi`JZfi
EVZbKZWì fJEWi KbiCZVEìbZi RKQEi `bdGGibJ@bi 1iC@Wbi CZWb^ZUi Adbi Kbi
J@\\EWEDi@WDi`JEif@ìeE^hi
`JEiGERbiA@Di0iAERKEeEi@WDi2iQWZfi`JEi
DKDiJEîAE`bibZiHEbiVEibJ@bi5:0 i
<^@XaC^K]ci+@hii7Cb[BFîii]@IFiiSKYFiib[i]@IFi! iTKYFi!i
9i 'WDi`ZihZdieN`KbEDifKbJi*^ i?ECQfZ^bJi@WDiHZbihZdî5:1iÊ`dUbìNWi
4dWEi @WDi bJEWi hZdî @\\ZNWbVEWbi fKbJi *î :ENUUhi f@ì @Cbd@UUhi
8CbZAEî bJi i ?J@bif@ìbJ@bi\E^KZDiZGibMVEi ROQEi AEbfEEWi
4dWEi@WDi8CbZAEîGZîhZd&i
'i 0bi f@ì \^ZA@AUhi bJEiD@^QE`bi \E^NZDi ZGi VhiUKGEi JZWE`bUhi 0if@`Wbi
dÈDibZiAEKWHi`Zi`b@bKZW@^hi@WDiPd`biWZbi VZeNWHi 0if@`WbidÈDibZi
WZbiAEKWHi@AREibZiEgE^CKÈi 2iDKDiG@URiAEJNWDiKWi`CJZZU i0iDKDiVhiAE`bi
bZi
1if@ì@i`b^@KHJbi'i`bdDEWbi 0iDKDiVhiAE`bibZiQEE\id]ifNbJibJ@bi
AdbiNbi f@ìJ@^DibZiGZCdìAEC@dÈi 1iGERbiUNQEibJEÊif@ìWZi\ZNWbiNWi
HEbbKWHiHZZDiH^@DEìNGi0if@`Wbi
0if@ìPd`bieE^hiDZfWiZWiVhÈRGi`Zi
Kbi f@ì @i eE^hiD@^Qi bNVEi1bi f@ìJ@^Di bZi VZeEi @^ZdWDi ?JEWi Vhi
G^KEWDìfZdRDiHZiZdbi1iCZdRDWbiAEC@dÈifJZif@WbìbZi HZiZdbi fKbJi
@iHK^RiZWiC^dbCJEì`ZVEbNVEì(EC@dÈi1iCZdUDWbif@RQiGZîeE^hiRZWHi
=/,i)8>:="i =JEÊì@iÈWbEWCEihZdiDKDWbiGKWN`JibJEÊi=JEÊìWZi\ZKWbi
NWiHEbbKWHiHZZDiH^@DEì i
=/,i?0=6,;;#i =ZiVEi 0if@ìPd`bi RMQEi eE^hiDZfWiZWi VhÈRGi`Zi 1if@ìUKQEi

fJ@bìbJEi\ZKWbiKWiHEbbKWHiHZZDiH^@DEìKGi0ViWZbiHZKWHibZidÈibJEVi
GZî@WhbJKWH&i (EC@dÈiKWKbK@RRhi@bibJEiAEHNWWKWHiZGi H^@DEii0if@ì
UMQEi3if@WbibZiHEbi@i`ZCCE_i`CJZU@^`JK\$i0if@WbibZiHZibZi;->iPd`biUKQEi
VhiA^ZbJE^%i0if@WbibZiQEE\ibJEi;.>i\^KDEiAdbifJEWibJ@bif@ìPd`bi
RNQEi
fJEWibJ@biAUEfid\iKWiVhiG@CEi
iHdE`ì0iDKDifJ@bi0i`JZdRDWbi
J@eEi@WDi 1iNV\RZDEDi@WDi 0i
1iDNDWbi DE@UifKbJibJEi`Kbd@bKZWieE^hi
fERRiAdbi0iDKDiVhiAE`bibZi
9i 8Q@hi
'i (dbiNbif@ì@ieE^hiD@^QibNVEi@WDi0if@ìeE^hid\Èb i
9i /ZfiDNDihZdîQWEEiGEERiDd^KWHibJKìbNVE&i

p
&p (][dfB[fp _BP[p gOBgp 1p kBdpdgBagP[Mpf]p MHfp hdHGpf]

p kOPDOpkBdpdBG
p
CHDBhdHpPgpk]hXGpThdgpCHpB[pBDOQ[MpB[GpBpdOBa_p_BP[p 6mpU[HHpk]hWGp
MPjHp]hg
p ChfpQfpCHDBZHp 2pCHDBZHpBDDhdg]ZHGpg]pPfp;]pgOBgpkBdp
GPeB_`^P[fP[Mp 2pkîXGpE^[efB[fXmpOBjHpf^pVHH`pZmpXHMpHXHjBfHG
pPEHp
Pfp1pkBdpdgPXXphdP[MpfOHpHWHjBg]apUHmpBgpZmpdDO]]Xp2pD]hWG[gp]CjP]hdXmp
_XBmpd_]bgdp 6mpWHMpUP[Gp]JpGPGpBp#
pB[Gp2pOBGpg]pJQMhaHp]hgpkOBfp
HWdHp2pD]hXGpG]p
9p 0]kpkBdpm]hbpHZ]gQ][BWpdgBgHpGhbQ[MpgOPdp_HaP]G%p
&p .b]Zp Zmp ]_P[Q][p 2p kBdp []fpd]ZH][Hp m]hp kB[fHGpf]p CHpBa]h[Gp

/b]ZpZmp_BaH[gdp]_Q[P][p 3p CHXPHjHp 2pkBdpGH_aHddHG
p BWkBmd
p XPVHp
B[lP]hdp>HbmpOBaGpf]p jHampOBaGpg]pgBXUpf]p 0BbGpf]pbHBd][pkQgOp2fp
BKJHDfHGp BXWp ]Jp hd
p []gp Thdfp ZHp -jHbm][Hp P[p fOHp O]hdHO]XGp kBdp
GPdB__]P[fp WPUH
p[]fpGPdB__]Q[fHGpChgpfOHmpkHaH
pWPUH
pdBGGH[HGp
J]apZHp;]pQfpkBdpOBaGp
<bB\dFbP_fp*Bmp"p8Ff]CIbp!
p!
p_BNHp
pYP\Idp!pf]p_BNIp
pWP\Ipp
9p &[Gpm]hpkHaHpgha[P[Mp"pP[p&_aQWp]Jp%p
&p ?Hdp
9p &[Gpd]pGQGp @+ap :HPXXmApdBmpJ]apdhaHpkOHgOHbp]bp[]fpOHpfO]hMOfpOHp

D]hXGpG]pfOHpdhaMHam%p
&p 0Hp GPG[fpkB[fpf]pdBmpOHp D]hXGpB[GpgOH[p[]gpCHpBCXHpg]

p CHDBhdHp
fOBfpk]hXGpZHB[p2pk]hXGpOBjHpg]pM]p PJpkHpM]fpg]pfOHp_]R[fpkOHcHp
2pgha[HGp"pgOH[p2pk]hXGpOBjHpg]pM]pP[pBpGPJJHaH[f
p2pMhHdd
pdhaMH][dp
kBPfWSdf
p CHDBhdHp1pk]hXG[gpCHpD][dPGHaHGpBpDOPXGp&[Gp2pfOQ[Upm]hp
[HHGp d_HDQBXp DQbDhZdgB[DHdp ]ap Bp d_HDPBXp bHD]ZZH[GBfP][p Ja]Zp
d]ZH][HpBgp ')p )OPXGaH[dp 0]d_PgBWpg]pCHpBCXHpf]pMHgpgOHpdhbMHampQKp
m]hbHp"p]bp]XGHap
9p 7UBmp;]pO]kpGPGpm]hpJHHXpkOH[pm]hpOHBbGpgOBf%p
&p 4p ZHB[
p 2pkBdp BgpfOBgp_]Q[gp 4p kBd
p XQUHpdHbP]hdXm
p XPUH
p BMBQ[%p&WWp
aPMOg$p 2jHp CHH[p kBPfP[MpThdfpf]pdHHpm]hp B[Gpm]haHp fHXXQ[MpZHpfOQdp
kO]XHp kBQgS[Mp_a]DHddpkBdpThdgpUP[Gp]JpJ]bp[]fOP[Mp ;]p2pkBdpjHam
p
jHamph_dHf
p ChfpPgpkBd[gpOPdpJBhXg
pd]p]CjQ]hdXmp2pgbPHGpg]pZBUHpfOHp
CHdgp ]JpgOHp dDH[BaP]
p B[Gp 5p BdUHGp OPZp g]p bHJHap ZHpf]pBp GPJLHaH[fp
dhaMH][p
<aB\dFbP_fp,Bnp"p8Ff]CIbp!
p!
p_BNHp
pXQ[Hdp p
9p &[Gpd]pO]kpkBdpfOHp_HaQ]Gp]JpgQZHp CHfkHH[pdHHP[Mp+ap :HQXXmpB[Gp

dHHP[Mp+ap=BaBoP%p

-o 3eojAdoiH_loGHY[_AUNmNZKoM[ZHdeUlo3oMAGoK[ZHoOZe[odHHOZKo0ò ;HNVVlo

eMNZTNZK
o [TAl
o 4Yo K[NZKo e[o KHeo Ao GAeH)o 4Yo K[OZKo e[oKHeodh_KH`lo
d[[Z*o 4UUoCHoACUHoe[o]VAlod[EEHòd[[Z+o[TAlo K_HAeo .heoeMHZoINZGNZKo
[heoeMAeo 3oE[hUGZeo eMAeo 4ojAdZeoK[NZKoe[o CHo ACVHoe[oKHeodh_KH_lo
jNeMo MOYoAZGo]heo [Zo AZ[eMH_o jANeUNdeo 4ojAdo Rhdeo]_AlOZKo ]_AlNZKo
eMAeod[YHeMNZKoj[hUGoMA]]HZo UNTHod[YHeMNZKod[o 4oE[hUGoAEehAVVlo
]UAloNZoYloK_AGHoolHAòM[]HIhVVloHiHZoNZoYloKÀGHo olHAò

:o 7TAlo <[o l[ho dANGo l[ho jH_Ho GHY[ÀUOnHGo 2[jo jAdo l[h_o TZHHo
JHHUNZKoGh_NZKoeMNdo]H`N[G,o
-o -do4odAOGo3GoCHHZoAEEhde[YHGoe[oeMHoE[ZdeAZeoChETVNZKo[JoeMHoTZHHo
eMHo]AOZoeMHo_AZG[YodjHVVNZKo 5eojAdZeo]_Heeloe[oV[[ToAeo 4oYHAZo
YloTZHHojAdoiHaloiH_loCNKod[o4oGNGoE[iH_oh]oAUUoeMHoeOYHo/M_NdeYAdo
NdohdhAUUloAo UNTHo A_[hZGo 0HEHYCH_o/M`NdeYAdoNdo[h_oK[[Go jHo
deA_eoe[oIHHVoiH`loK[[GoNZoYloJAYNUl+oNedoShdeo[h_oM[UNGAlo-ZGo4oKhHddo
Neoe[[ToAoUNeeVHoGAY]H_o 4oKhHddoNdoeMHoj[`Go 6eojAdoMA_Goe[oCHoNZoYlo
M[hdHM[UGoUNTHo 3odANGojNeMoYHo 3ojAdo E[ZdeAZeVloh]dHeo=MH_HojAdo
Z[eMNZKoeMAeoYAGHoYHoJHHUoCHeeHò 3oE[hVGZeoG[oAZleMNZKo 3oj[hUGo
dOeo 3o j[hUGo dehGlo AZGo `HAGo 5o E[hUGZeo G[o AZleMOZKo _HKA`GNZKo
]MldNEAUoAEeNiNelojMOEMojMHZol[hoG[oeMAeoAZGol[hoNGHZeNIloeMAeoAdo
l[hòM[CClol[h_oUOIHoAZGoNedoShdeoK[ZHoM[ZHdeUlo4oGOGZeoTZ[jojMAeo
e[oG[ojOeMoYldHUIoOZoeM[dHoY[ZeMdo
>bBZdF_P^fo1Blo!&o8Fg\DHbo!% o!% o^BLHo"

oWPZHo!
og\o^BLHo#
oWQZHo'o
:o <[oOZo l[h`HojOeMo0_o=A_AmNoNZo 0HEHYCH_oAZGol[hoMHAòOedoK[NZKo

e[oCHodNkoY[ZeMdo[_od[oAZGol[ho_HAVNmHoeMHZoeMH_HojNUVoCHoAo_HMACo
]H_O[Go[IoeMAeo<[ojMAeoGNGoeMAeoYHAZoe[ol[h,o
-o ?MAeoYHAZeo4oE[hUGZeo]UAlod[EEH_oNZoMOKModEM[[Uo[òhZNiH`dNelo?MAeo
YHAZeoVNTHoAUUoeMHoj[`To3Go]heoNZoe[oKHeoe[ojMH_Ho3ojAdoRhdeojHZeo
G[jZoeMHoGÀNZo
:o 7TAlo-ZGod[oeMHZoM[joGOGol[hoIHHUoAJeH_oeMAeoA]][OZeYHZe,o
-o @]dHeo9_HeeloG[jZo3oIHVeoVNTHoHiH_leMOZKoTH]eoK[NZKoj_[ZKo<[o4oGOGo
YloCHdeoCheo3ojAdodeNUUoZ[eoeMHo]Hcd[Zol[hojAZeHGoe[oCHoA_[hZGo 4o
JHVeoUNTHo 3ojAdoZHiHòK[QZKoe[oMAiHodh`KH_lo 3oIHUeoAeoeMAeo_AeHoNeojAdo
RhdeoZ[eoK[NZKoe[oMA]]HZo
>bBZdFbP^go1Blo!&o8Ff\DHbo!%
o!%
o^BKHo$oXQZHdo$!(o

!G 4&FG8)GC.&>GC&=G/>G5/4*G.&B08-G>.*=*G>0==@*G*D:&8)*;=G08
G >GC&=G 8*&<G>.*G*8)G/>GC&=G 0>G=9@8)=G9))G'@>G0>GC&=G5/4*G.&B08-

>C9G(&8>&69@:*=G98G7FG(.*=>GC0>.G>.*G />GC&=G >.*FGC*<*G./-.
#.*FGC*;*G.&;)G FG
&8)G >.*FG &=G C*56G &=G:@=.08-G >.*G';*&=>
>/==@*G9@>G>.*FG:@=.*)G08>9G7FG(.*=>G =9G G.&)G>./=G(98=>&8>G(.*=>
:;*==@;*GC./(.GC&=G 0>GC&=G;*&55FG@8(97+9<?&'5*G&8)G/>GC&=G<*&56F
(98=@718-G>.0=G(.<98/(G:&08
!G 8)GC.&>G)9G>.*=*G6994G604*GC.*8G=97*98*G6994=G&>GF9@
G $.&>G)0)G>.*FG6994G6/4*G$*55G>.*FGC*;*G3@=>G>99G'0-G &-&/8G>.*F
5994*)G 5/4*G >C9G '0-G ;9@8)G (&8>&59@:*=G 98G 7FG (.*=>G >G C&=
@8(97,9;>&'6*G>9G.@-G:*9:6*G>GC&=G3@=>G 0>G6994*)G&C4C&;)G#.*F
+*6>G&C4C&;)G8)GG<*&66FGC&8>*)G>9G-*>G>.*7G9@>G%9@G489CGF9@
3@=>GC&8>*)G />GC&=G3@=>G />GC&=G3@=>GC*0;)G >GC&=G<*&55FG&C4C&<)
&8)GA8(97,9;>&'5*
!G 4&F
G %*&.
!G 66G</-.>G8)G)@</8-G>.0=G>07*GF9@GC*;*G=>066G9++GC9;4
G %*=
!G $&=G0>G*B*;G=@--*=>*)G>9GF9@G'FG&8F98*G>.&>GF9@G=.9@6)G-9G'&(4G>9
C9;4G)@;08-G>./=G:*;09)G>.&>GF9@G.&)G>.*G>0==@*G*E:&8)*<=G08

!G 8)G)9GF9@G+**5G6/4*GF9@G(9@6)G.&B*G'**8G&>GC9;4
G 8G>.*G GC9;4G08G GC&=GC9;408-G/8G&8G9+,0(*G=9G604*G G :.F=2(&66F

G(9@6)G.&B*G-98*G'&(4G >GC9@6)G.&B*G'**8GA8(97+9;>&'6*G@>G&=
,&;G&=G>.*G598->*;7G)0=&'060>FG:;9(*==G-9*=G G &8)G&=GC*55G&=G>.*
*7:69F*;G0>=G F9@G'*(97*G08B95B*)G08GB*<FG(97:6*EG=F=>*7=G"9
G.&)G>9G'*G>.;9@-.G7FG>;*&>7*8>G G.&)G>9G'*G7*)0(&66FG(5*&<*)G
.&)G>9G6*>G>.*G*7:59F*<G489CGGC&=G(9708-G'&(4G&8)G>.*FG:@>G7*
98G &G '&(4>9C9<4G =69CG ;*>@;8G :<9(*==G 8)G 698->*;7G )/=&'/50>F
8**)=G>9G489CG,;97G>.*G)9(>9;G>.&>GG&7G7*)0(&65F 7FG>;*&>7*8>
0=G 9B*<G &8)G G .&B*G '**8G (5*&;*)G >9G -9G '&(4G>9G C9;4G "9G 08G >.&>
;*=:*(>GG(9@6)8>G-9G'&(4G>9GC9<4

$F &;F.)>F)?FE;AFA:,->?@;;,FE;AFC->-F:;@F9-,4+)88EF+8-)>-,F@;F>-@A>:F
F %201@ F
$F :,F<?E+1;8;02+)88EF,2,FE;AF.--8F827-FE;AF+;A8,F1)B-F0;:-F*)+7F@;F
C;>7F)@F@1)@F@29-F
F #?E+1;8;02+)88EF F C):@-,F@;F0-@F @12:0?F 827-F 2@?FB->EF+;:?A93:0F

1)B2:0F+):+-> F(;AF0-@F>-9;B-,F.>;9FE;A>F82.-
FF9-):F9F8A+7EFF
?A>B2B-,F E;AF 7:;CF *A@FE;AF 0-@F>-9;B-,F.>;9F E;A>F 82.-F )?F E;AF
7:;CF 2@ F (;A>-F F +;A8,:@F C;>7 F F +;A8,:@F <)>@3+2<)@-F !EF
,)A01@->FC)?F0-@@2:0F9)>>2-,F@1)@FE-)>F):,FFC)?:@F)F<)>@3+2<):@F
2:F <8)::2:0F @1)@F :,F 9EF ?;:F C)?F 0>),A)@2:0F ):,F F )8C)E?F ,2,F
B;8A:@-->FC;>7F)@F@1-F?+1;;8F):,F F +;A8,:@F,;F@1)@F*-+)A?-FE;AF
*-+;9-F <)>@F ;.F )F ?E?@-9F ;.F ,;+@;>?F ):,F @>-)@9-:@?F ):,F 6A?@F
-B->E@12:0F@1)@F:--,?F@;F*-F,;:-F@;F9)7-F?A>-F@1)@FE;AFE;AF7:;CF
?A>B2B-F):,F0-@FC-88F)0)3: FF.;>0;@F@1-F=A-?@3;:
F
$F F?)2,F,2,FE;AF.--8F837-FE;AFC;A8,F1)B-F*--:F<?E+1;8;02+)88EF)*8-F@;F
C;>7FC128-FE;AF1),F@1-F@3??A-F-D<):,->?F
F &;F F C):@-,F @;F 0;F *)+7F @;F C;>7F *A@F F <?E+1;8;02+)88EF :;F F
+;A8,:@F *-+)A?-F9EF.;+A?FC;A8,:@F1)B-F*--:F)@FC;>7F3@FC;A8,F
1)B-F *--:F F 7:;CF F 1)B-F @;F .2:3?1F 9EF E;AF 7:;CF @1-F C1;8-F
<>;+-??F F7:;CFF1)B-F@;F0-@F@1-?-F-D<):,->?F;A@F):,F29<8):@?F3:F
&;FE;A>F92:,F2?F?@288F3:F@1-F<>;+-??F;.F,;2:0F-B->E@12:0FE;AF1)B-F@;F
,;F@;F0-@FC-88F)0)3:F):,F0-@F*)+7F@;F:;>9)8 F
$F "7)E F&;FE;AF?)2,F@1)@FE;AF1),F@1-F@3??A-F-D<):,->?F<A@F2:F3:FA8EF
;.FF):,F@1)@FE;AFA:,->?@;;,F2@FC;A8,F*-F)*;A@F?3DF9;:@1?FA:@38F
@1-EFC->-F>-),EF@;F+;9-F;A@ F
F %201@ F
$F "7)E F :,F,2,FE;AF1)B-F):F2:,2+)@2;:F.>;9F >

F'):F )-7-:F)@F):EF
<;2:@F C1-:F ?1-F @1;A01@F E;AF C;A8,F *-F >-),EF @;F 1)B-F @1-F @3??A-F
-D<):,->?F@)7-:F;A@F
F >-9-9*->F @1-EF C;A8,F 1)B-F *--:F >-),EF )>;A:,F

-+-9*->):A)>EF;.F F *A@F *-+)A?-F @1-F "8E9<2+?F C)?F
1)<<-:3:0F@1)@FE-)>F -*>A)>EFF-B->E@13:0F?--9-,F@;F*-F ;:F
1;8,F3:F@1-F1-)8@1F+)>-F?E?@-9 F&;FFC)?F@;8,F@1)@F)/@->F@1-F"8E9<2+?F
C)?F;B->F@;F<1;:-F@1-F;./5+-F):,FF+;A8,F.3:,F;A@FC1-:F9EF?A>0->EF
C)?F0;3:0F@;F*-F

-Q ,A3PQ %Q@LJKQN3FKQKGQH3LJ7QK<7I7Q/GQ6GQPGLQI753BBQN<7FQPGLQN7I7Q
<3M=F;QK<7J7Q6>J5LJJ>GFJQN>K<Q!IQ13FQ)37A7FQ34GLKQ47>F;QI736PQKGQ
<3M7QK<7EQGLKQ>FQ!757E47I'3FL3IPQ
Q %Q6GFKQ I753BBQ N<7FQ N7Q N7I7Q <3M=F;Q K<GJ7Q6>J5LJJ>GFJQ &Q E73FQ &Q
N7FKQ KGQ <7IQ G88>57Q I7;LB3IBPQ JGQ G8Q 5GLIJ7Q &Q NGLB6Q 3BN3PJQ N3FKQ
LH63K7JQ3F6QPGLQAFGNQN<7FQ>JQK<7QF7OKQK<=F;Q;G>F;QKGQ<3HH7FQ/GQ
%Q>E3;>F7QK<IGL;<GLKQK<7Q 83BBQK<7PQ NGLC6Q 47QEGF=KGI=F;Q<GNQK<7Q
7OH3F67IJQN7I7QNGIA>F;Q3F6QPGLQAFGNQN<7FQ%QNGLB6Q47QI736PQ:GIQ
K<7Q>EHB3FKJQ3F6Q47QI736PQKGQ;GQ435AQKGQNGIAQ/GQN7QHIG434CPQ<36Q
GF;G?F;Q6>J5LJJ>GFJQ
-Q ,A3PQ/GQPGLQN7I7QKGB6Q>KQ5GLC6Q47Q !757E47I(3FL3IPQ4LKQ=KQ N3JQ

;G>F;QKGQ<3M7QKGQN3=KQLFK>CQ3KQC73JKQ3:K7IQ"74IL3IPQ
Q .>;<KQ
-Q F6Q<GNQ6>6QPGLQ877BQ34GLKQK<3KQ
Q &QN3JQ3557HK>F;Q4LKQ>FQEPQE>F6Q%Q87BKQK<3KQ38K7IQK<7Q,BPEH=5JQ%QNGLC6Q
47Q;G>F;Q>FQ:GIQJLI;7IPQ &QI73DBPQ87BKQK<3KQ0<3KQPGLQAFGN QGA3P QK<7Q
7F6Q G8Q #74IL3IP47;>FF>F;Q G8Q +3I5< Q GA3PQ %EQ ;G>F;Q KGQ <3M7Q =KQ
K<7FQJGQ%QA>F6QG8Q@LJKQ3557HK76Q>KQ3F6 QPGLQAFGN QN3=K76Q
-Q ,A3PQF6QK<7FQN<3KQ<3HH7F76Q
Q F6QK<7FQ38K7IQK<7Q ,CPEH>5JQ %QH<GF76QK<7QG8:=57QGFCPQKGQ8>F6QGLKQ

K<3KQ%QN3JQJLHHGJ76QKGQH<GF7QK<7EQ435AQ>FQ3FGK<7IQK<I77QEGFK<JQ
KGQ8>F6QGLKQN<7FQEPQJLI;7IPQE>;<KQ47Q4GGA76Q8GIQ F6QJGQ3KQ K<3KQ
HG>FKQ&Q@LJKQ5GLB6FKQ6GQ>KQ3FPEGI7Q&6Q<36Q7FGL;<Q
!"&%&&$ %&
&
&&
& &&#& & & & &
Q /GQK<7FQ&Q5GFK35K76Q
N7BBQ%Q6GFKQI7E7E47I QB=A7Q63PQ4PQ63PQ4LKQ
N<3KQ&Q6>6Q6GQK<7FQN3JQ%QC=A7QKI=76QKGQ
%Q5GFK35K76Q$I73K
27JKQ*>87Q
3F6Q %Q3JA76Q>8QK<7PQNGLB6QH3PQKGQ<3M7QEPQJLI;7IPQ6GF7QHI>M3K7BP Q
4753LJ7Q %QN3JQ47>F;QH3>6Q34GLKQ %Q6GFKQAFGNQ
Q3QEGFK<Q
GFQ CGF;
K7IEQ 6=J34>B>KPQ %Q N3JQ;G=F;Q KGQ47QG89Q3KQB73JKQ 8GLIQ EGI7Q
EGFK<J Q 3F6Q KGQ<3M7QEPQ JLI;7IPQ3KQ 3E4>7Q 5B>F>5Q 3F6QKGQ;7KQE7Q
435AQPGLQAFGN QHGK7FK=3BBPQ>FQN77AJ QK<7QJLI;7IPQN3JQ;G=F;QKGQ47Q
Q/GQ&Q<36QKGQA=F6QG8QE3A7QEPQ53J7QKGQK<7QBGF;K7IEQ6>J34>C>KPQ
HIGM>67I Q3F6QK<7PQ3II3F;76Q8GIQE7QKGQ<3M7QEPQJLI;7IPQHI>M3K7BPQ
-Q ,A3PQ /GQK<7QCGF;K7IEQ6>J34>B>KPQHIGM=67IQ6=6Q3;I77QKGQH3PQ8GIQK<7Q
JLI;7IPQ3KQ 3E4>7Q

f
#f )f[ÛUS[?f]E?cfU:F>fASXfF]f;?<:^[?f*f>F>P]fU:cfASXfF] f
3f 8S^f^P>?X[]:P>f]E:]f]E?cfU:F>fASXfF]"f
#f 8?[f
3f #P>f [Sf cS_f >F>f FPf A:<]f E:`?f [^XC?Xcf aF]Ef &Xf 6:Pf /:?J?Pf :]f ]E?f
%:O;F?f4^XC?Ycf%?P]Y?"f
#f 8?[f
3f #P>f>SfcS^fY?<:KLfaE:]f]E:]f>:]?fa:["f *f<:Pf CF`?f F]f ]SfcS^fFAfcS_f

>SP]fX?<:MKf
#f +f>SP]fY?<:KK f
3f 2J:cf
14f97#%.!f (SXf]E?fX?<SY>f 1cf /SX>fF]fa:[f#UXFLf]Ef f #P>f]E:]fF[f

U:Y]fSAf?bEF;F]ff:P>f]E?fY?<SY>fBXSOf]E?f[^XC?XcfF[f>S<Ô?P]f
PÔ;?Xf%4% f $^]f:[f)f ]EFPJf a?f ?\]:;LF[E?>f]EYS^CEf ]E?f
?`F>?P<?fSAf&Xf 6:Pf0:?J?Pf]E:]fSU?X:]F`?fX?USX]f?XYSP?S^[Mcf[:c[f
#UZFKf]Ef f;^]fF][f:<]^:LKcf#UXFMf]Eff
3f #P>f[SfcS^fa?X?f:;L?f]Sf:XX:PC?fBSXfG]fW^F]?fW^F<JLc"f
#f 8?:Ef8?:Ef
3f 2J:cf#P>fESafa:[fF]fC?]]HPCf]E?f]F[[^?f?bU:P>?X[fS^]"f
#f *]fa:[fCY?:]f $?<:^[?fSP<?f )f E:>f]E:]fAFP:Mf[^YC?Xcf]E?Pf*f<S^K>f

e
]EFPC[f ,f >F>P]fE:`?f ]E?f <EYSPF<fU:FPf :P>f *fJP?af]E:]f]E?f P?b]f
]EFPCfa:[fC?]]FPCf
LFJ?fCSFPCf;:<Jf]SfaSXJf4Sf)fa:[fY?:KLcfE:UUcf
3f 2J:cf
#f 8?:Ef
3f #P>faE?Pf>F>fcS^fY?]^XPf]SfaSYJ"f
#f 7E?Pf>F>f*fX?]_YPf]SfaSYJ"f0FJ?f?:XKcf1:cf *f]EFPJf
5Y:Q[=YFU]f':dff-:R_:YdfffV:D@ffNFP@f f]TfU:D@ffNIR@ff

@{ =_My{ .dQ{ Ygw{ QZQ{ ygt{ TRR`{ MNgts{ sY[q{ RMOY{ s[bR{ ygt{ wRds{ MdQ{
wRjR{sg`Q{[s{wgt`Q{NR{&{sg{ {bgdsYq,{
.{ FRjy{TjtqsjMsRQ{ GYRd{ygt{ wMsOY{sYR{.bRkZOMd{vRjqZgd{ `[_R

{gd{
BF{sYRy{wMsOY{`[_R{ :y{&>gteQ{9[TR{MdQ{qstVT{`Z_R{sYZq{gdR{gU{
sYR{N[W{sY[dWq{sYMs{ygt{qRR{sYR{QgOsgjq{sM`_{MNgts{[q{sYR{Rbgs[gdMa{
qsMsR{gU{sYR{hMs[Rds{.dQ{4{wMq{qOMlRQ{sYMs{RvRjy{s[bR{ygt{aRMvR{sYR{
QgOsgjq{gUT[OR{ygt{ wMdsRQ{sg{ltd{sg{BZb{ 3glsgdq{MdQ{WRs{qgbR{
OgbTgls{TggQ{NROMtqR{[s{wMq{ ygtlR{`RQ{th{sg{sY[d_[dW{g_My{sY[q{
Ogt`Q{NR{sYR{s[cR{5c{Wg[dW{sg{WRs{by{qtlWRly{sY[q{Zq{sYR{sZbR{sYMs{
by{ YMmQ{ wgj_q{ WgZdW{sg{ hMy{gVT {^tqs{ sg{ NR{ sg`Q{ sYMs{ygtvR{Wgs{
MdgsYRj{q[x{bgdsYq{sg{M{yRMl{sg{Wg{Ag{Rbgs[gdMaay{Zs{wMq{QjMZdZdW{
4s{ wMq{ sMxZdW{gd{ by{ UMbZ`y{ NROMtqR{ RvRly{ q[x{ bgdsYq{ ygt{ wRlR{
sjMvR``\dW{gvRl{sg{sYR{ 4q`MdQ{ sM_[dW{s[bR{MwMy{Tjgb{ by{RchagyRj{
sg{Wg{qRR{sY]q{QgOsgl{
@{ .dQ{wYMs{wMq{Wg[dW{gd{w[sY{ygtl{QZMNRsRq{MdQ{ygtj{gsYRj{YRM`sY{
OgdQ[s[gdq{Ms{sY[q{s[bR,{
.{ ;y{QZMNRsRq{wMqds{WRssZdW{Mdy{NRssRj{5{wMq{[dOjRMq[dW{by{Zdqta[e{
MdQ{by{gvRjMà{YRM`sY{wMq{dgs{Qg[dW{wRa`{4{wRds{sg{RbRjWRdOy{Ms{
gdR{ hg[ds{ NROMtqR{ 5{sYgtWYs{ 6{ wMq{MOstMaay{YMvZdW{M{YRMjs{MssMO_{
CYMd_Utaay{Zs{stjdRQ{gts{sg{NR{dgs{Nts{{
DnMfrPoZis{1My{$'{7MduMnz{*{( {iMXS{*{aZfSr{)"!{
@{ EY[q{[q{M{QgOtcRds{sYMs{wMq{hjgQtORQ{sg{tq{Ny{sYR{QRTRdQMds{MdQ{
[s{[q{/0 &+#{ Jq[OL{MdQ{ &+%{ K2H{ +L{.dQ{ZU{ygt{OMd{T`[h{gvRp{
sg{sYR{qROgdQ{ hMWR{gT{sYZq{ QgOtbRds{ :j{ ?RMjqgd{ 5s{qMyq{Zsq{Md{
RbM[`{Tmgb{JRbMZa{MQQjRqqL{.dQ{[q{sYMs{ygtlqRaT,{
.{ IRq{sYMsq{gtj{YgbR{RcMZ`{
@{ .dQ{Zsq{sg{:Mly{?gaM_{<8.-{
.{ IRq{BYMs{j[dWq{M{NR``{dgw{
@{ Ag{QgRq{sYMs{YR`h{ygt{jROMà{dgw{sYR{dMbR{gT{sYR{:8.,{
.{ IRMY{
@{ .dQ{ygt{qMy{Ms{sYR{gtsqRs{gT{sYR{`RssRj{ [q{sY[q{sYR{`RssRj{ygt{wlgsR-{
.{ IRq{[s{[q{

N
'N &=-M N+BINF-MN-GNG71NBHGF1GNB3NG71N>1GG1ENG7-GNMBIENK831N-A0NMBIEF1>3N

7-J1N.11ANBAN-NK-9G9A6N?9FGNF9A/1NN3BEN.-E9-GE:/NFIE61EMN
N ,1-7NG71NNKBI?0N7-J1N.11AN-NGMCBN
'N BKN>BA6N7-0NMBIN-/GI->?MN.11ANBANG71NK-8G8A6N>9FGN
N *1??N "NFG-EG10NG-?=9A6NGBNEN%1G7J1AN9AN N
'N &=-MN A0NG71AN MBIN-F=10N @-=1N-NCB9AGN71E1NG7-GN )! N @-01N

011CN 3IA08A6N /IGFN GBN .MC-FFN .-E9-GE9/N FIE61EMN E1FI?G9A6N 9AN -N
E10I/G9BAN 9AN @BE1N G7-AN 7-?3N G71N FIE61E91FN C1E5BE@10N 9AN N
*71E1N0:0NMBIN61GNG7-GN9A3BE@-G9BAN
N (7-GNK-FNBA?9A1N
'N A0NMBIN-?FBN6BNBANGBNF-MN)! N8FNG71NBA?MNE169BA-?N71-?G7N-IG7BE9GMN

9ANNG7-GN0B1FN.MC-FFN.-E9-GE:/NFHE61EMN
N (7-GFN/BEE1/GN
'N A0N7BKN080NMBIN=ABKNG7-GN
N (7EBI67N@MN1LC1E91A/1NK;G7NG-?=9A6NK8G7N E N @FBAN-A0N E1-09A6N

BA?9A1 N
'N &=-M NA0NMBINF-MNG7-GNMBIENB.1F9GM E1?-G10N09F1-F1FNK:>>N/BAG9AI1N

GBNKBEF1AN-A0N/BAGE9.IG1NNG9@1FN@BE1NGBN71-?G7N/-E1N/BFGFNG7-AN
G71N .MC-FFN .-E9-GE9/N FIE61EMN KBI>0N /BFGN G71N CEBJ9A/9-?N 71-?G7N
.I061GN*7-GN090NMBIN@1-AN.MNG7-GN
N (71NF711EN/BFGNB3NG71N0EI6FNG7-GN!NK-FNBAN$:=1N1-/7ND1AN5BEN:AFI>:AN
-A0N $BF12N K-FN N -N C1A N (71N %1G5BE@:AN @MN 0EI6N .8?>N K-FN
G7EBI67NG71NEBB3N-A0N"NK-FN>I/=MNGBN7-J1N-AN9AFIE-A/1NC>-ANG7EBI67N
KBE= N IGN!NFG9?>NA11010NGBN>-MNBIGNG71N@BA1MN-A0N-FN@MN
-FN"N6BGN
B>01ENG7BF1N@10:/-G9BAFNKBI?0J1N<IFGN8A/E1-F10N-A0N/B@C?9/-G9BAFN
KBI?0J1N9A/E1-F10 N
'N &=-M NA0NG71ANMBINE141EN -A0NG79FN:FN8AN#-AI-EMNN G7-GNMBIEN

BA>MNBCG;BANK-FNGBNC-MNN-A0N61GNG71NFIE61EMNC1E5BE@10N9AN-N
CE;J-G1N/>9A9/NBEN/BAG9AI1NGBNK-9GNBAN G71N>8FGNA0NK1NG-?=10N-.BIGN
G7-GNCBFF8.?1NFIE61EM N(7-GNK-FNG71N6-FGE9/N.-A0N
N (71N6-FGE9/N.-A0NBEE1/G N

j
;-*j>1;6*::!j,E_jKVjPJVE j 4JOEj A@[J@_[JBjWAE^J_hjJ^j dE[hjKUYW[_@V_jAb_j JVj

_HEj^BWYEjWFjEdE\h_HJVGjEQÊj
5:j?>'(3"j
8j 7O@hj;We@[C^j_HEjAW__WUjWFj_HEjRE__E\j^HEj^@h^"j
>K_Hj [EG@[C^j _Wj ^b\GKB@Rj Y[JW[J_hj .j B@Vj @CdKÊj _HEj Y\KW[K_hj J^j
CE_E[UJVECjAhj_HEj^b[GEWVj@VCjW_HE\jYHh^KBJ@V^jKVdWRdECj
'VCj^HEj^@h^"j
:YEBJ@RJ^_^j@VCjF@BKRJ_LE^jY[JW[J_KiEjY@_KEV_j@YYWLV_UEV_^jA@ÊCjWVj
_HEj\ER@_MdEjc[GEVBh
'VCj ^HEj^bGGE^_^j _H@_j hWbj KFj hWb[Ej BWVBE\VECj hWbj ^HWbSCj \@KÊjhWb\j
BWVBE[V^jeJ_HjhWb\j^b[GEWVj
'j (W[[EB_j
8j 'VCjHWejCJCjhWbjFEERj@AWb_j_H@_j[E^YWVÊ$j
'j /j[@KÊCjUhjBWVBE[V^jEdE[hj^NfjUWV_H^jeHEVj/j^@ejUhj^b[GEWV j
8j -@CjHEjEdE[j_WPCjhWbj_H@_jhWb[j^b[GE[hje@^jVW_jb\GEV_%j

<-*j(7=9;"j:WjCJCjHEj^@hj e@^jb[GEV_%j
<-*j>/<6*::#j6Wj<H@_j .j e@^j_HEj^@UEj@^jEdE[hAWChjERÊj .j e@^j@jY\KUEj

B@VCKC@_Ej
<[@V^B\JY`j)@hjj2@Vc@]hj jjY@GEjjTKVEjjaXjZ@GEjjTKVEjj
@VDj+gIKAJ_j j
8j @VW_HE\jWVE$j 7O@hj:WjhWbj^@KCjhWbj eEV_jWFFj @RRjhWb[jCJ@AE_JBj

UECKB@_JWV^j
'j 0jCKC j
8j >HEVjCJCj_H@_jH@YYEV&j
'j ;H@_jeWbSCdEjAEEVj\JGH_j @[WbVCjeHEVj/jGW_j_Wj @AWb_j j .j e@^j

BHEBOJVGjUhjARWWCj^bG@[^j@VCj_HEhjeE[EjA@VGjWVj@VCj_HEVj/jeEV_j
_Wj eHEVj.j^@hjA@VGjWVj_HEhjH@dEj_WjAEjeJ_HJVj@jBE[_@KVj[@VGEj '^j

4S6HFF8J6A4CS7J?O8JS"S64GGHLS7J?O8SLJN6BS@9SFRS5CHH7SKN<4JKS7JHIS
58DHPS KAQS HGS L=8S 5CHH7S F8LJ8 S .HS "S P4KS P8GLS LHS L4CBS LHS J
S
(8L>O8G S 18SF478S L=8S 786AKAHGSLHSL4B8S F8S H99
S #S B8ILSL>8S I8GKS
4JHNG7S$SB8ILSL>8SF87?64L?HGS4JHNG7 S$:S"SK4PS4SKI?B8S"SP4KSLHSINLS
FRK8C9S 546BS HGS L>8SF87?64L?HGS 4G7S"S L=J8PS L=8S I8GKS HNLS 4SR84JS
C4L8J S
/! S*0-/S.HSL>4LS RHNSK4RSALSP4KS45HNLSP=8GSRHNS<HLSLHSS4G7S$SK88S
J S FKHGS J86HJ7KSHGS.8IL8F58JSL>S L=4LS RHNSP8J8S4LS S .HS
KHF8LAF8S?GSL=8S94CDS
/! S1$/) ..SJHNG7SL>4LSR84>S
/! S*0-/S.HF8L?F8SAGSL=8S94CCSH9SS
/! S1"/) ..S284= S"SP4KSL4B8GSH99SL=8SAGKND?G S
/! S*0-/S28KS
(.S31'S
,S *B4R
SG7SRHNSF8GLAHG87SRHNJSKD88IS4IG84SAFIJHO87S
S 28KS@LS7?7S
,S G7S8QIE4AGSL>4LS
S .HS P8S <HLS 4GS HQR<8GS J8478JS LHS J847S FRS D8O8DKS 4G7S L=8RS 7?7S 4S
7HPGEH47SH9;SFRSF46=?G8SLHSK88SA9S %SP4KS=4OAG<S4GRS4IG84KS4G7S"S
P4KGLSKHS?LSP4KSFRS6>H?68SP=8L=8JSLHS<HSH99SL=8SF46>AG8SHJSGHL S
.HS$SP8GLSH9;SL=8SF46>AG8S9HJS4S6HNIC8SP88BKS5NLS"S9HNG7SL>4LS&SP4KS
KHS NK87S LHS L>4LS F46>AG8S 58AG<S M=8J8S 4G7S ALS P4KS KL@CCS 5HJ78JDAG8S
P=8L=8JS$SG88787S?LSHJSGHLSG7SL=8GSFRSP?98SKL4JL87SLHSGHL?68SL>4LS
$SP4KSKL?CDSKGHJAG< S$LSP4KGLS4KS547S5NLSALSP4KSKLACDSL=8J8S.HS9HJS=8JS
K4B8S "S KLADCS NK8S L>8SF46>?G8S5864NK8S ?LKS $S L=AGBS L>8J8KSKL?DDS 4S
58G8:?LSLHS?L S NLSALS786J84K87 S 864NK8S"SP4KS8QLJ8F8SKD88IS4IG84 S
$SJ8F8F58JSJS-H47SK4R?G<SLHSF8S4G7SK>HP?G<SF8SL>8SJ8IHJLSL=4LS
>HPSF4GRS4IG84KS$S=47 S
/! S*0-/S(JS+84JKHG S
/! S1"/) ..S284= S
/! S*0-/S18S64GLS=84JSP=4LSHL>8JSI8HID8SLHD7SRHNS
/! S1"/) ..S*B4R S*GSL=8SJ8IHJLS>8SK>HP87SF8SL>4LS$SJ847S

, W&.)-W,:3ONW8;I7W
%*W20$W
(W );9:PWQOW;PW:3NWR3NOBUW<HKLJR76WUJQL7WN3U;I9W
W /3NPBUW;HKLJR76 WU7NW
(W &@3UW0:3OW34JQOWUJQMWLJ:INW6<N73N7W
W %UWMJ:INW6;N73N7W;NWNP<BBW;IWM7H;NN<JI
W3I6W!WKL3UW7R7LUW63UWP:3PW;PW
NO3UNWO:7L7W
(W &A3UWI6W:JSW6JWUJQW877BW
W !W877BW3S7NJH7W "W HUWJR7M3BCWC<87W:3NW<HKLJR76W "WIJWCJI97MW:3R7W

OJW6JW3WU73MDUW3NN7NNH7IOWS;P:WO:7W6J5OJMW O:7W7U7W6J5OJLW!WNO;BDW
HJI<PJLWHUWNQ93MNWS;O:W P:MJQ9:WENW 4BJJ6WP7NONW "HW3W47PO7MW
:QN43I6W "HW3W47OP7MW;IR7NP;93OJMW #W:3R7WHJL7WNO3H<I3W !W8;OW;IOJW
53LNW "W53IW6JWHUW>J4W 47PP7MW"W53IWS3B@W83MP:7LW!W53IW >QNPWJR7M3CGW
<PNW UJQW877CWC<@7W3WI7SWK7LNJIW1JQL7W !HWIJPW53LMU<I9W3LJQI6W
3IW 7TOL3W :QI6M76W KJQI6NW 3IUHJL7W JIW H7W %UW 5:7NPW N;V7W UJQW
AIJSW HUW 47BOW N;V7W ;NW NH3CB7LW P:3IW HUW 5:7NOW 3I6W <PW QN76W PJW 47W
M7R7LN76W "WIJWBJI97LW:3R7WPJW N:JKW 3OW ;9W W,3BBW "W53IW4QUW NOQ88W3OW
03CH3LOW !W 53IW 4QUW NOQ88W J88W O:7W L35@W +JW O:7W 7HJO;JI3BW N<67W ;NW
PM7H7I6JQNW-:7WH76;53BWN;67W;NW?QNOW3WH3MR7CWPJWH7W
(W 1JQWN3<6WP:7W7HJO;JI3BWN;67W0:3PW6JWUJQWH73IW4UWP:3PW
W !IW HUW7U7NWP:<NWNQL97LUWN3R76WHUWF<87W "PNW9JOWH7WHJL7W35O<R7W"ONW

9JPWH7W;IW3W47PP7MWH<I6N7PW %JL7WKJN<O<R7W!HWHJL7W:73CO:UW
#"# #!"# #

##### ##
## #

W W!W:3R7WK3P;7IONWS:JW:3R7W435@WKMJ4B7HNWS<O:WN5;3O;5WI7LR7WK3;I
O:3OW;NWN7R7L7WK3=IW3I6WP:7UW5JH7W;IWJ8O7IW8JLW3I3B97N;5N
(W '3;I@;BB7LN
W '3;I@;BB7LNWWW

e
&e )eOQPBZQUeZA<Oe^<Vae9IQX<Iae6P;e)eO6H<eZA<Oe9QO<e769He B>e[A<aU<e

@QBP@e ZQe7<e Z6HBP@eP6U9QZB9Xe )e O6H<eZA<Oe 9QO<e769HeU<@\I6UJae )e
;QPZeSV<X9VB7<eQ^<Ve[A<eSAQP<eX\9Ae6eZABP@e6P;e[A<aeA6^<eZQe9QO<e
BPe 6P;eX<<eO<eV<@\J6VJae6P;e*e OQPCZQVe[A<BVe\X6@< e 7<96\X< e aQ]e
HPQ_e)e;Qe CZXePQZe@QQ;eZQe7<9QO<e;<S<P;<P[eQPeP6V9Q[C9Ye_ACJ<e
aQ\e6V<e6_6BZBP@eX\V@<Vae
/e &P;e_A6Ze HCP;Xe Q>e9Q\PX<JJBP@eO6aeaQ\e @C^<e aQ\VeS6ZB<PZXe_ACJ<e

ZA<aV<e_6B[BP@$e
&e 4<IIee
0e -Ve;QeaQ\e9Q\PY<Ke[A<Oe_ABL<eZA<aV<e_6B[BP@%e
&e 5<X e*e;Qe7<96\X<eZA<aeA6^<e [A<ae6V<eXQO<ZCO<Ye6?V6C;e6P;eZA<ae

A6^<e6P`B<Zae[A6ZeZA<aeOC@A[eA6^<eXQO<e96P9<UeQVe[A<aeOB@A[eJQX<e
>\P9[BQPBP@eQVeZA<aeA6^<eSVQ7J<OYe_B[AeZA<CUeFQ7e6Xe6eU<X\J[eQ>eZA<BVe
;BX67BIBZae1A<aeA6^<e XQO<e96PZe_QVHe
2W6PY:VBS[e'6aee.:[R8=VeeeT6@=e#eJCP=Ye#eT6@=e eJBP=Ye!e

&e (QUe <`6OSI<e I<ZYe G\Y[e [6JHe 67Q\Ze 6e HP<<e ZA6[e CXe S6BP?\Ie PQ[
;CXXBOCJ6Ve[Qe_A6ZeaQ\U<e[6JHBP@e 67Q\[e (QVeXQO<eS6ZB<PZXe6JIeQ>e 6
X\;;<Pe[A<eS6BPe@<[YeO\9AeO\9Ae_QVX<e6P;eZA6Ze96Pe7<e>QVeO6Pa
V<6XQPXe +Ze 96Pe7<e[A6[eZA<e[<6Ve <`Z<P;Xe )Ze96Pe7<eZA6[eZA<V<eCXe6
;BYV\SZCQPe Q>eZA<e ^6X9\J6VB[ae ;\<e [Qe ZA<e S6V[e Q?e [A<e 7QP<e 96JI<;
QYZ<QP<9VQYBYe 3A<U<e 6V<e Q>[<Pe QZA<Ve V<6YQPXe _Aae ZACP@Xe 96P
9A6P@<e 6P;eB?e[ABYeA6SS<PYeYQO<[CO<YeaQ\eA6^<e[QeV<6YY<YYeaQ\V
BPBZD6MeSUCQVB[Bc6[BQPe-P<eA6XeZQe7<eQS<Pe[Qe[A6[

&e e,QYZeQ>eZA<X<eS6[B<P[Ye<YS<9B6IJae>QUeABSe6P;eHP<<e6VZAVQSJ6XZad
ACSe6P;eHP<<eV<SJ69<O<P[eXQUUaeZA<aeA6^<e6eIQZeQ>eS6CPe
2W6PY:WBT[e'6be#e.:[R8=We e eT6@=e

eNBP=YeeT6@=e eJEP=Ye"e

(&r
6r rJRrMcc[rjURarScgrikhTRgorLbQrjURohRrLjrUcaRrmLVjWbT
rLbQrmUV\Rr
jURohRr mLVjVbTrjUVbTirOLbr ULeeRbr \W[Rr jURor jmVijr jURWgr[bRRr LbQr
MkO[\RrLbQrSL_\rQcmbrLbQr jURor VbZkgRrjURWgr[bRRrSkhjURgr FURormV\]r
ULlRrachRreLWbrimR\]VbT3rjURormV]]rOL]]rLbQrOcaRrMLO[rMROLkiRrjURor
hRWbZkgRQrWjr EcaRrcSrjURarjURormV_]rbcjrMRr LM\Rr jcrQcrjURVhrZcMir
jURormW_]rbRRQrScgairjcrMRrSV\\RQrckjrScgrjURorQWiLMW\WjorWbikgLbORrScgr
mcg[rEcaRrcSrjURarmW\\rbRRQregRiOhXejVcbirScgrMhLORirVSrjURormLbjr
jcr jgor jcr e\Lor iecgjir mUX\Rr mLVjWbTr Scgr ikgTRho4r mRgRr TcVbTr jcr
ehcjROjrjURarmWjUrLrMhLORr
GhLbiPhWejr8Lor$rAOjcNRhr!! r$ - reLTRr$'r^WbRir$' r

F;9r7BHDF0rEcrjURrfkRijWcbrWirmULjrQcrockrcMiRhlRrWbrockhreLjWRbjirmUV]Rr
jURohRrmLXjWbT5r
6r KRirEcr <r cMiRhlRrLrbkaMRhr cSr jUVbTirjULjraLorULeeRbrLbQrfkVjRr

cSjRbrQcrEcrcbRrcSrjURrjUVbTirjULjr<rcMiRglRrWirLrehcTgRiiWcbrcSrjURVhr
bRkgc\cTVOr QRSWOWjr mUW]Rr mLWjVbTr Schr ikhTRgor =rcMiRglRr mcgiRbWbTr
eLWb
rmchiRbWbTreioOUcicOVL\riWjkLjWcbrMROLkiRrcSrjURrcbTcWbTreLVbr
LbQrQRSWOWjirjURorRneRhWRbORr LbQricr jUciRrLhRricaRrcSrjURrjUVbTir
jULjr<reRgicbL\\orcMiRglRrWbraoregLOjVORr
F;9r7BHDF1r=rTkRiirmRriUck]QrMRr LgRrockrjL\[WbTrLMckjrTRbRhL]\orcgrLjr
I:;rchrEjrCLk]ircgr?Vcbir:LjRrcg5r
F;9rJ=G@9EE2r >raRLbr >arULeeorjcrieRL[rjcrRLOUrcSrjUciRrVSrockrmViUr >r

Ock]Qr <r mLirTcWbTrjcrkiRrLirLbrRnLae]Rraor ?Vcbir:LjRregLOjVORr
mURgRr LMckjr.reRgORbjrcSraorehLOjVORrVirQRlcjRQrjcrieWbRr EcrWbr
jUciRr eLjWRbjir <r cMiRhlRrLrehcThRiiVcbr cSr jURVhr bRkhc]cTVOrQRSWOVjr
mUV]Rr mLWjWbTr Schr ikhTRgor =r cMiRhlRr mchiRbVbTr eLWbr mcgiRbWbTr
eioOUcicOWL\riVjkLjWcbrMROLkiRrcSrjURrcbTcVbTreLWbrLbQrQRSVOWjrjULjr
jURor RneRhVRbOR
r LbQr icr jUciRr LgRr icaRr cSr jURr jUWbTir jULjr <r
eRhicbL_\orcMiRhlRrWbraoreLjVRbjir
GhLbiOhWejr8Lor$$rAPjdMRhr!'r$!-reLTRr!*r`YbRir$/)+r
6r 6TLWbr icreLjWRbjirmUcrLhRrmLWjWbTrSchrikgTRhorjURormW_]rOcbjVbkRr

jcr ULlRr iRWqkgRir cSjRbr kikL\\or QLV\or icaRjVaRir "r #,
r %r
iRWpkgRir Lr QLor Vbr icaRr iWjkLjWcbir 6bQr jURor LgRr OcbjVbkWbTr jcr

B/AF4B/L=/.4+(D4?>LH5D3LD3/L(CC?+4(D/.LC4./L/00/+DC L(>.L?>LD3/LB(B/L
)FDL./04>4D/L?++(C4?>LD3/B/CL@(D5/>DCLH3?L3(G/L.5/.L0B?=L3(G4>2L(L
C/4KFB/L (>.L D3(DCL (L H/9:L ./C+B5)/.L =/.4+(9L +?>.4D4?>L +(:9/.L
?BLCF../>LF>/I@9(4>/.L./(D3L0B?=L/@49/@CJ L H349/LH(4D4>2L
0?BLCFB2/BJL
%B(>C,B4@DL(JLL"-E?*/BLL L@(2/L L<4>/CLL
L '3/>L@(D5/>DC H3/>LH/L3(G/LD?L+(>+/9L@(D4/>DCL(>.L)F=@L'/:9 L
4DCLCDB/CC0F9 LD?LC(JLD3/L:/(CDL L=/(> LD3/C/L(B/L@(D4/>DCLH3?L3(G/L
(;B/(.JL )//>L H(5D4>2L 9?>2/BL D3(>L D3/JL C3?F9. L (DL 9/(CDL 5>L =JL
@B(+D4+/ L 4>L =JL /I@/B4/>+/ L (>.L3(G5>2L D?L )F=@L D3/=L ?BL +(>+/:L
D3/=L C?=/D5=/CL G/BJL 0B/AF/>D9J L DH4+/L ?BL D3B//L D4=/C L (>.L
C?=/D4=/CL 7FCDL D3/L .(JL )/0?B/L ?BL /G/>L D3/L .(JL ?0L CFB2/BJL 4CL
CDB/CC0F9L0?BLD3/L@(D5/>D L4DCLCDB/CC0F:L0?BL=/L(CL(L+(B/L@B?G5./BL(>.L
4DCLCDB/CC0F:L0?BL=JL?104+/LCD(00L
#L >.LLH(>DLD?L(C8LJ?FL(2(4>L0B?=LJ?FBL?H>L/I@/B4/>+/ LJ?FBL?H>L
?)C/BG(D4?>L ?0L @(D4/>DCL H3?L (B/L H(4D4>2 L 3(G/L D3/4BL CFB2/B4/CL
+(>+/99/. L H(4D4>2L:?>2/B L4CLD3/B/L(>JL/00/+DL?>LD3/4BL3/(9D3L0B?=L
D3(DL0B?=LJ?FBL.4B/+DL?)C/BG(D4?>L
L &3/B/L 4CL >.L L ?)C/BG/L @(D4/>DCL H3?L +(>L ./D/B5?B(D/L (>.L 3(G/L
./D/B4?B(D/.L H349/L H(4D4>2L 0?BL CFB2/BJ L (>. L J?FL 8>?H
L 6>L =JL
@B(+D4+/LH/L L(:H(JCL (>.L5DL3(CL3(@@/>/.L'/L.B/(.LD3(DL@3?>/L
+(99LD3(DLH/L2/DL0B?=LD3/L@(D5/>DL?BLD3/LB/0/BB4>2L@3JC4+5(>LD3(DL!BL
$?(>.C?L H3?L 3(CL )//>L H(4D5>2L 0?BL CFB2/BJL 3(CL CF../>9JL
./D/B4?B(D/. L (>.L C?=/D5=/CL D3/JL ./D/B5?B(D/L D?L D3/L @?4>DL D3(DL
D3/JL +(>DL B/2(4>L D3(DL 0F>+D4?>L /G/>L 50L J?FL D(8/L D3/=L D?L D3/L
?@/B(D4>2LB??=LFB2/>D9JL$?LD3(DCL+/BD(4>9JL(LCDB/CCL?>L=/L(CLD3/4BL
CFB2/?> LDBJ4>2LD?L2/DLD3/=L5>L0?BLCFB2/BJL
#L >.L(2(4>L5>LD/B=CL?0LJ?FBL?)C/BG(D4?>L(>.LH3(DL+(>L)/L=/(CFB/. L
H3(DL (2(4>L 0B?=L J?FBL /I@/B5/>+/ L ?)C/BG(D5?> L =/(CFB/=/>D L
H3(DL(B/L D3/L3(B=CLD3(DLJ?FG/LC//>L4>L D/B=CL?0L@(D4/>DCL3/(:D3L
0B?=LH(4D4>2L
L &J@4+(99JL 5>L =JL /I@/B4/>+/L (>.L H4D3L D3/L DJ@/CL ?0L @(D5/>DCLD3(DL L
0B/AF/>D9JL C// L D3/L C@5>(:L @(D4/>DC L 4DCL 4>DB(+D()9/L@(4>L D3(DL=(JL
>?DL )/L B/94/G/.L )JL /G/>DF(:L CFB2/BJL DCL H?BC/>4>2L >/FB?9?25+L
./04+4DLD3(DL=(JL>?DL+?=/L)(+8LH5D3LCFB2/BJL)/+(FC/L?0LD3/L./:(JL
'?BC/>4>2L0F>+D5?>L)/+(FC/L?0LD3?C/L5CCF/CL

)Y !F6Y 2M7Y XHTMY J2P<7FPOY 5HEEHFBXY HMY 8M7LT7FPAXY HNY FHPY 2PY 2AAY HFY
F2M5HP=5OYJ2<F@=AA7MO Y#HVYH8P7FY ;HVY5HEEHFY=OYP;2P Y
!Y !AEHOPY 7U7NXY HF7Y H8Y EXY J2P=7FPOY <OY HFY OHE7Y 8HMEY H8Y J2=FY
E76=52P<HF
Y PXJ=52BAXY F2M5HP=5Y E76<52P=HFOY B=@7Y HWX5H6HF7Y HMY
EHNJ;<F7YHNY;X6MHEHNJ;HF7Y
+M2GO5M=JQY"2XYY(5RI37NYYYJ2:7Y

YC<G7YYPIYK2:7YYB=G7YY
!Y *HY EXY H4O7MU2P<HFY H8Y J2P<7FPOY V;HY 2N7Y HFY P;7O7Y PXJ7OY H9Y
E76>52P=HFOY9HNYAHF:YJ7M=H6OYH9YP<E7YP;7M7OYPVHY79975POY'TE47NY
HF7Y=OY;24=PT2P<HF
Y<GYV;<5;YJ2P<7FPOYF776YB2M:7MY2F6YD2M:7MY6HO7OY
PHY 25;<7U7Y P;7Y O2E7Y J2<FY M7A=79Y 78875PY 2F6Y P;7Y O75HF6Y =OY 6MT:Y
67J7F67F57Y =FY P;2PY 7U7FY <8Y P;7<MY J2=FY <OY M7B=7U76Y 4XY 7U7FPT2AY
OTN:7MX Y P;7XM7Y 266<5P76Y PHY P;7Y E76=52P=HFY 2Y JOX5;HAH:=52AY
266=5P<HFY
,N2GO5N<JPY"2XYY(5SI37MYY
YK2:7Y
YC<G7OYY
!Y .7ABY $Y H4O7MU7Y <FYEXYJ2P<7FPOY P;7XY :7PY U7NXY 8NTOPN2P76Y-;7XY:7PY

2F:NXY-;7XY52FY47Y6<88<5TBPYPHY672BYV<P;YV;7FYP;7XY V;7FYV7M7Y
=FP7N25P<F:Y V=P;Y P;7E
Y PMX<F:Y PHY N7O5;76TA7Y P;7=MY OTN:7MXY HMY :7PY
P;7EY <FY 8HMY OTN:7NXY *HY P;7M7OY 2Y BHPY H8Y OPN7OOY P;2PY V2<P<F:Y 9HNY
OTM:7MXY<EJ2NPOYHFYEXYJ2P<7FPOY2F6YP;7=MY82E<A<7OY LT=P7Y8M2F@AXY
+N2GO5N=KPY"2XYY(5QI37NYY YK2:7YYB=G7OYY

!Y .7AB
YO;7Y0&OY.2<P@TO1YV2OY7WPM7E7AXY9NTOPN2P76Y*HYO;7Y;26Y477F
8MTOPM2P76YV<P;Y2YB25@YH8Y25P=U=PXY9HNYE2FXYEHFP;OY*;7YV7FPYJT4A<5
V<P;Y;7MY5HF57MFOY24HTPYV2=PYP<E7OY=FY%7AHVF2Y

!Y /HTY ;26Y2Y EHEY V;HY V2FP76Y P;7Y 47OPY 8HMY;7NYOHFYP;2PY O2VY P;<OY
5HF6=P<HFYJNH:M7OOY2F6Y47<F:YPHA6YV7Y;2U7YPHY6HYOHE7P;<F:Y24HTPY
<PY4TPYP;<F:OY?TOPY6<6FPYO77EYPHY47Y;2JJ7F=F:Y/HTY;26Y2YOTM:7HFY
V;HY V2FP76Y PHY 6HY OHE7P;<F:Y 24HTPY =PY 4TPY 5HTA6FPY 2557OOY
M7OHTM57OY*HY7WPM7E7DXY8MTOPM2P=F:Y9HNY;7NY

;^?ZÀ^K\ai.?hi"i5Aa[@Fî& i# i\?HFi$ iSNZFì'

i?ZCi
SKZFì"i
7i 3hi]dFàL[ZiLìYhiG^MFZDif?ì?`QLZHih[difIFaIFî`d^HF[Zi`d^HF^hi
f?ì d^HFZaThi ZFFDFDi @FA?d`Fi [Gi A[^Di D?Y?HFi [î ZFd^[T[HLA?Ti
D?Y?HFD i @dai D[Fì [ZFi f?Zai a[i f?Lai G[î aIFi `d^HF^hi dZaLTi
ZFd^[T[HLA?TiD?Y?HFiI?ì[AAd^^FD)i
,i 4[i aI?aìa[[i U?aFi ?Aad?UUhi 8[ih[dif?Zaia[i [\F^?aFi LZi [^DFîa[i

\^FeFZaiZFd^[U[HKA?ViD?Y?HFi
9^?Z`B^K\ai.?hi"i5Bb[@Fî&i# i\?HFi! iSOZFì!!#i

7i ,ZDifI?aìaIFi h[diDFÀ^M@FDi`[YFi[GiaIFiA[ZDLaM[Zì=Ì[dUDF^
FU@[fi f^Lài ?ZDi I?ZD>i /^[Yi h[dî [@`Fê?aL[Zi fI?ai ?^Fi aIF
`Lad?aL[Zi [Gi aIF`Fi \?aLFZaì LZi aF^Yì [Gi aIFL_i [@`FêFDi Y[@KTLah
\?LZ)i <I?ai A?Zi h[di [@`FêFi ?@[dai aIFi \?aLFZaì fLaIi aI[`F
A[ZDLaL[Z`*
,i <FUUi aIFLî AIKFGi A[Y\T?LZai KìZ[^Y?UUhi \?LZi ,ZD i `FA[ZD?^LVhi [^

A[ZA[YLa?ZaThi?iU?AQi[GiGdZAaL[Z
7i -hiGdZAaL[ZifI?aiD[ih[diYF?Z+
,i <FUTi aIFhi A?ZaiHFaiaIFLîI?ZDìa[i aIFLî Y[daIi :IFhiA?Zai GFFD

aIFY`FUeFì eF^hi fFWUi ;IFhi d`Fi Fga^?T[ZHi `\[[Zì ?ZDi fI?aZ[a
;IFhiA?Zaif?ÌiaIFLîJ?L^
0iHdF`ìaIFi@LHHFàiaILZHiKìaIFhiE[Zai`TFF\i 8[i KGih[diA?Zai`TFF\

h[diA?Zaif[^Ri?ZDih[d^FiL^^F\?^?@UFi1i[GcFZi`?hia[i`[YF[ZFi1i@Fa
h[dîfKGFiLì^F?UVhiGMaia[i@FiaLFDifLaIih[di ?ZDiaIFhiH[ihF?I(i 0Yi?
YL`F^?@TFi86-i:I?aìaIFi`[âi[Gi\?aLFZai0i`FF
9^?ZÀ^K\ai .?hi!'i.FBFY@Fî'i#i\?HFiiXLZFì !%i
,i <FTUi1iHdF`ì[ZFi[GiaIFif?hìa[i?DD^F`ìaI?ai
Lì aIFKî ]d?TLahi[Gi ULGFi 2UUiPdàia?QFi G[îFg?Y\UFi `[YF[ZFi fI[i
ZFFDì FLaIFî ?i ^[a?a[î AdGGi ^F\?Lî [î ?i Ì[dUDFî ^F\U?AFYFZai
:IFh^Fi[Zi[ghA[D[ZFi;IFh^FiZ[ai?@UFia[iA[\FifLaIieF^hiZ[^Y?Ti

S@TU1T?OMS[ SO[ T>8YR8[ 78PR8SS87[ "M7[ E1R<8FY[ T>8S8[ P8OPG8[ <8T[

38TT8R[ '[K81M[T>8[SUR<8RY[?S[?M5R87?3GY[>8FP9UF[
-R2NS6R?PT[$2Y[ [$858L48R[ [[P2=8[[J@N8S[

[
"[ +OW[ '[CUST[>17[SOK83O7Y[TWO[W88DS[1<O[W>O[ '[W1S[ ([S1W[T>8K[

1M7[T>8Y[S1?7[)[51MT[W1?T[9OR[T>?S[S>OUF78R[R8PE158K8MT![ 'K[<O?M<[
TO[<O[TO[T>8[,T1T8S['[S1?7[OD1Y[1M7[TOF7[T>8K[SOK8[SUR<8OMS['[DMOW[
7OWM[?M[#1F?9ORM?1["M7[SO[ *[K81M[ '[T>?MD[T>1TS[KY[9?7U5?1RY[7UTY[
@S[TO[TRY[1M7[<@V8[P1T?8MTS[T>8[38ST[51R8['[51N[?M[T>8[KOST[8XP87@T87[
K1MM8R[3851US8[ '[UM78RST1M7[T>1T[T>8Y[1R8[?M[P1@M[1M7['[ 3OY[ '[
:88F[9OR[T>8K['[R81FFY[7O[
.R2NS6R@PT[$2Y[ [$868L48R[ [[P2=8[[H@N8S[ [
"[ /[[0[ %OR[8X1KPF8[ *[S1W[1[P1T@8MTS[TWO[W88DS[1<O[ 1M7[S>8[W1@T87[

9OUR[ Y81RS[ W>?5>[ *[ T>OU<>T[ W1S[ 13SUR7[ 3UT[ T>1TS[ >OW[ FOM<[S>8[
W1@T87[ ,O[T>8R8S[1M[8X1KPG8[O:[>OW[T>@S[ P8RSOM[ 1M7[S>8[W1S[
MOT[1[>?<>[PR?OR?TY[3851US8[S>87[>17[1[EOT[O:[P1@M[1M7['[W1SMT[SUR8[
'[5OUF7[>8FP[>8R[,O[S>8[W1S[PR?OR?T@Z87[G8SS[T>1M[SOK8OM8[F?D8[T>?S[
YOUM<[K1M[>8R8[1S[1M[8X1KPE8[
.R2NS6R?PT[$2Y[ [$868L48R[ [[P2=8[[IAN8S[[

" " "

"
" "
""
"
"
!
""
"
"
"[ ["M7[KY[3?1S[?S[K1Y38[V8RY[>81V?FY[?M:GU8M587[OM[W8FF[T>?S[P1RT@5UG1R[
P1T?8MTS[PRO3E8KS[19;85TS[T>8?R[F@V8E@>OO7[T>8@R[:1K?FY[ W>1T8V8R[1M7[
K1Y38[T>?S[P1T?8MTS[MOT[SO[KU5>[1M7[SO[W8[K1Y[1RR?V8[9OR[T>8[S1K8[
7?1<MOS?S[9OR[V8RY[R1T@OM1F[1M7[R81SOM13F8[R81SOMS[1T[QU?T8[1[7?9:8R8MT[
1558PT13F8[W1?T[T?K8[
.R2NS6RBPT[$2Y[[&84RU2RY[ [ [P2=8[ [HBN8S[[
"[ *[ T>?ND[ ?TS[38ST[TO[T>?MD[O9[?T[1S[T>8[ R8SOUR58S[ 38?M<[1FFO51T87[TO[T>8[

P1T?8MTS[R81FFY[MOT[SO[KU5>[R81EFY[TO[T>8[SUR<8OM[1M7[YOU[DMOW [TO[K8[
*[SORT[O:[FOOD[1T[@T[:ROK[T>8[P8RSP85T@V8[T>1T[T>8[P1T@8NTS[>1V8[W1?T87[1[

GNL>ZU@K;ZUNZT;;ZK;Z0Q;TVK67HYZU?;YZT6XZU?;@QZ*0Z6L:ZX;R;Z:@T67H;:Z
6L:ZTV<=;Q@L>Z6UZU?6UZON@LUZ3?;YZLNXZ>;UZQ;<;RQ;:ZUNZK;Z6L:ZTO;L:Z6Z
7@UZ KNQ;Z UAK;Z :N@L>Z U?6UZ W;RYZ T6K;Z U?@L>Z 3?;LZ U?;YZ >;UZ OVUZ @LZ 6Z
TVR>@96HZ X6@UH@TUZ X@U?ZU?;Z @LU;LU@NLZUNZ UR;6UZ U?;KZ @LZ U?;@QZ TU6U;ZU?;YZ
6HQ;6:YZ6Q;Z 0R;TVK67GYZU?;YZX;Q;Z76:Z;LNV>?Z6UZU?;ZKNK;LUZU?;YZ
T@>L;:Z U?;Z 9NLT;LUZ <NQKZ UNZ <;;IZ U?6UZ @UZ X6TZ X6RR6LU;:Z <NQZ U?;KZ UNZ
VL:;Q>NZTVR>;QYZ2NZUNZU?;LZT6YZUNZU?;KZN? Z6L:Z7YZU?;ZX6Y Z+ZU?@LFZ@UTZ
O;Q=;9UHYZNF6YZ=NRZYNVZUNZX6@UZZX;;FTZ<NQZYNVQZTVR>;QY Z7;96VT;ZX;GH Z
YNVW;ZTV<<;Q;:Z6ZHNL>ZUBK;Z6GQ;6:YZTNZX?YZLNUZ?6W;Z6LNU?;RZZX;;FTZ
N<Z@UZCVTUZ7;96VT;ZZ+UZDVTUZ:N;TLUZ96OUVR;ZU?;ZR;6H@UYZN=ZU?;ZT@UV6UBNLZ
+UTZTNK;U?@L>ZU?6UZY;6? Z@<Z ,Z7NNFZU?;KZ<NQZTVR>;QY ZU?;YZT?NVH:Z?6W;Z
TVQ>;RYZ 6TZ TNNLZ 6TZ @TZ Q;6TNL67GYZ ONTTB7H;Z <NQZ U?;KZ UNZ K6F;Z U?;Z
6QQ6L>;K;LUTZ@LZU?;@QZG@<;ZUNZ>;UZU?@TZ:NL;Z
4R6MT9QBPUZ(6YZ Z);8RV6RYZ Z!

ZP6>;Z" ZJBL;TZ" Z

" " " " "
! " " " " "
"" "
"""""
1Z /F6YZ 'L:ZX?6UTZU?;Z@KO69UZNLZO6UB;LUTZX?NZ:;W;GNOZ6QU?Q@U@TZ@LZU?;Z
FL;;ZNQZ?@OZEN@LUT&Z
'Z 2NZ6RU?RBU@TZ@TZ6ZOQN>Q;TTBW;Z +Z:NLUZX6LUZUNZ96HHZBUZ BUZ96LZ7;Z6Z:@T;6T; Z

7VUZ-:ZOQ;<;RZUNZVT;ZU?;ZU;QKZ6Z9NL:@UBNL Z 7;96VT;ZNTU;N6QU?QBU@TZ@TZ6Z
:;>;L;Q6U@W;ZOQN9;TTZ2NZBUTZOQN>Q;TT@W; Z6L:ZBUZTU6QUTZNVUZXBU?Z6ZI@UUG;Z
7@UZN<ZO6@LZ5?;ZO6@LZ@TZ VTV6HHYZ@UZTU6QUTZNVUZX@U?ZLNU?@L>$Z@LBU@6HHYZ@UTZ
UNH;Q67G;Z4?;LZ@UZORN>R;TT;T ZTU6YTZUNH;R67H;Z<NRZ6ZX?@H;%Z@UZK@>?UZ6<<;9UZ
9;QU6BLZ69U@W@U@;TZ'L:ZNW;QZU@K;Z@UZ>;UTZXNQT;Z6L:ZXNRT;Z6L:ZXNRT;ZUNZ
U?;ZON@LUZU?6UZO6U@;LUTZ;L:ZVOZ?6W@M>Z:@=<@9VHUYZX6HF@L>Z KNQ;ZU?6LZ6Z
<;XZ7HN9FT Z?6W;Z:B<=B9VGUYZTG;;O@L>Z6UZL@>?UZ7;96VT;ZU?;YZX6F;ZVOZX@U?Z
O6BLZ3?;YZ?6W;Z:B<<@9VHUYZ>NBL>ZVOZ6L:Z:NXLZTU6@STZ,LZU?;Z96T;ZN<ZU?;Z
?@OZU?;YZ?6W;Z:@<<@9VHUYZUY@M>ZU?;BQZT?N;G69;T ZOVUUBL>ZNLZTN9FTZ7;96VT;Z
U?;YZ96LUZ7;L:Z<6RZ;LNV>?ZUNZ>;UZU?;Q;Z 'L:Z@UZ6<<;9UTZU?;@QZ67@GBUYZUNZ
H;6:Z6Z LNRK6HZG@<; Z LNUZ NLHYZDVTUZ LNUZ NLHYZ XNQFZ B<Z U?;YQ;Z@LZ6Z ?B>?Z
:;K6L:ZCN7ZNQZ6U?H;U@9T Z7VUZ6GTNZ:6YUN:6YZH@<;Z
'L:Z7;96VT;Z@UTZ6ZTO;9UQVKZYNVZ?6W;Z U?;ZUQ@9FZUNZ:;U;QKBLBL>ZX?;LZ
U?;YZL;;:ZTVQ>;RYZ@TZX?;LZU?;Z:;>Q;;ZN=ZU?;ZO6@LZ@TZTV<<@9@;LUZ;LNV>?Z
U?6UZ BUZ @TZ @LU;Q=;RBL>Z XBU?Z U?;@QZ H@<;Z 6Z TV=<B9B;LUZ 6KNVLUZ U?6UZU?;YR;Z
X@HH@L>ZUNZ699;OUZU?;ZQ@TFZN=Z6LZNO;R6U@NL Z6L:ZU?6UTZ?NXZ.ZO?Q6T;Z@UZUNZ
O6U@;LUT#Z @TZ YNVRZ O6@LZ 76:Z ;LNV>?Z U?6UZ YNVQ;Z X@HH@L>Z UNZ Q@TFZ U?;Z
ONU;LU@6HZ L;>6UAW;Z NVU9NK;TZ N<Z 6LZ NO;Q6U@NL&Z +L<;9U@NL Z :@THN96U@NLZ
:;6U? Z;UZ9;U;Q6Z'L:Z@UZ7;9NK;TZ6ZO;QTNL6HZ:;9@T@NL Z7VUZB<ZO6@LZBTZ76:Z

H{¥SW³ HmH³ 4H³ SH{H4mm±³ Zmn[{S³ ³ 4??H³ WH³ \;oH³

?{H¥H|@H³
35}A]³,6±³# ³1ªHv<H³"³ &³5TH³&" ³o]}I³#%

³³7TH³&$³
ud~J³"!³
)³ .N WH³{H³W³6H³=jIE³P³¥SH²³I{F³³W4ªH³4³N4Z³<\³N³5Z{³
4{E³ ]³ ª4Z4;mH³ Nw³ H³ ZE]ª]E¥5o³ ³ 5 XK³ 2³ wH³ AwH³ ]{³
4mk]{S³]W¦³4³@4{H³i¦³W4«]{S³HE¥?HE³WH]³4@]«]ZH³ 0³WI±³
KOK³³{o±³®8ml³³³YHI³<n?j³³N]ªH³³]°³;m@l³]W³4Z{³
4j]{S³4]|j]mmH³ 2xH³4H³¡4jZ|S³ªH²³XH4«±F¦±³4Z{j]mmH³¦BX³4³
{6?]?³ 4{E³Y6³YH³ ³ ^¥6]{³ Y4³ ±¥³ ?4}³ ;H³]{ ³ ;H@4¦H³
WH{³±§³4jH³4³n³N³{5?`@³_³{³{m²³ 4?]?³{³{p±³W4ªI³
ZEH³ HNNH@³ ¦@W³ 4 ³ ±¨³ j{ ³ ?{`5Z{³ wH{4q³ EII]4]}³
;I?4¦H³±¥H³4³p]rH³NSS±³Nw³WH³{4B]? ³H?W}]?6pm±³Z4;amb±³¢³
F]ªH³;H@4¥H³O³WH³|4?]@ ³;§³4o³{4?]?³?4¥H³4EE]?`³){E³
4Ba?³]³ 4{E³N³ WIwHnªI³¯W]mI³WI±³j³N³ 4³W³HZE³P³
]wH³XH|³±¥³5jH³YHw³O³5³o{S³H]F³N³]wH³²¥³EHªHo³W4³
?4mrHE³mH4{@H³4{G³ WH³±¥³ 4³³Z{?H4H³WH³EH³ ){E³ Ô³ ±¦³
E{³]{?I4H³WH³EH³¢WH³;F²³H{H³]³³Z{?H4H³XI³5`{ ³6{E³
±¥³H{E³§³c{³4³«]@]¦³@]@mH³
){E³WH{³4s³®WH{³ ±¦H³ }³4³s³O³ {6?]@³ ]³«H±³E`NN]?¥m³³

@{o³WH³4]|³ 4RH³ ¦SH±³;H@4¥H³ .y³ S]{S³ ³B4¥H³4³m³xH³
6]{³]W³WH³H4]{ ³6{E³WH{³YJ³6]{³¥oE³S³W¥UX³XH³Q³
2³H³²³ H³W4ªH³³WH{³H4³WHw³OO³WH³{5@Z@³WH}³WH±³
@yH³]{³*{E³WH{³YH³³;mHw³W4H|³WH{³.³F{³k{³X4³
WH±I³ {³ {4A]A³ 4{F³ WH±³ 4kH³ {4?d?³ 4{E³ WH±³ BwH³ ³ WH³
W]4q³ {³ 4³m³N³{4Ca?³4{E³ /³X4ªH³{³@W]@H³;© ³ ³H9H³³
WLw³=H@4§H³¢WH±H³4mJ4E±³Z{³ YH³W]4o³ )E³ |³ ±¦ªH³U³ ³
EH4m³_W³ £WK]³5]{³4{E³±¥«I³S³³EL4m³^X³SI]{S³¡XLw³ON³WH³
{4@\@³4NH8E³
){F³WHH³4H³4aH|³W³@wH³]{³®eW³4³A4{H³4]H{³W³@wH³]}³
{³ @¦?XH ³HmH³W³AwH³Z³`Y³4tjH ³ ImI³W³?wH³]| ³
4Hp± ³®]W³WHHm?Y5]³2³4mp³ W5³W±³.³4±³f³5³ª6]4;mI³8±³P³
II|]{S³ +¥³]N³WH±«H³;II{³=jIE³N³¥SH±³WH±³4mn³W4ªH³6³m³
O³4g{³
37Dh¤³-5²³#!³1¬Mz>M³"³!&³:VM³'(³uhI³!³³5TI³(³
uZJ³%³

F2GL1GH<1T L:FOLT LOJ83JST <LT P3JST 2;44<1O@MT *93T AG1/M<GFT G4T M93
LOJ83JST<LT2/F83JGOLT :FT/T1GF5;F32TLH/13T03MQ33FTM93T3S3LT/F2T<F
1@GL3THJGR<E<MSTMGTM93TGHM:1TF3JP3T #MT:LTF313LL/JST4GJTM93TLOJ83GF
MGT03TP3JSTE3M<1OBGOLT $FT/22:M<GFT/5N3JTLOJ83JSTH/M<3FMLTEOLMT03
5GA@GQ32T1@GL3@STMGT3FLOJ3T M9/MTM93ST9/P3T 93/@32T HJGH3JAST/F2TMG
/PG;2TJ3
G11OJJ3F13TG4TM93T2<L3/L3
,9<A3T M93J3T /J3T FGQT GM93JT LOJ83GFLT <FT T Q9GT /J3T MJ/<F32T MGT
H3J4GJET 3F2GL1GH:1T L:FOLT LOJ83JST E/FST G4T EST H/M<3FMLT J3IO:J3
J3P=L<GFTLOJ83JST5JGET/THJ<GJT5/:@32TLOJ83JS
STM93TM<E3T#TL33TM93L3TH/M:3FMLT5GJT/TLOJ8:1/BT1GFLO@M/M<GFTMSH<1/@@S
M93<JT1GF2<M<GFT9/LT5OJM93JT/2P/F132T +93L3TH/M<3FMLT/J3TG73FTP3JS
2;L/0@32T0STM93<JTH/;F
AEGLMT/@DTH/M<3FMLTJ343JJ32TMGTE3T5GJT1GFLOAM/M:GFTJ3IO;J3TLOJ83JS
%FT/22:M<GFT:FTEGLMT1/L3LTM93TH/M:3FMLTJ3IO;J3TC:43@GF8T5G@@GQOHT<F
1A;F:1TMGTE/F/83TM93TOF23JBS;F8TL<FOLT2<L3/L3
T
,9:@3T :MT :LT G5N3FT LO883LM32T M9/MT LOJ83GFLT 1GOA2T L<EHAST EGP3T /
H/M<3FMT OHT ;FT M3JELTG4T HJ<GJ<MST/F2T M9OLT 2GTM93TH/M:3FMLTLOJ83JS
EGJ3T IO<1>AST M93T 5/1MT <LT M9/MT P:JMO/@@ST /@AT G4T EST H/M;3FMLT /J3
LO443J:F8T1GFL:23J/0@ST:FTM3JELTG5TH/<FT/F2T2<L/0<D<MST *GTEGP3TGF3
H/M:3FMT OHT:FTM3JELTG5T HJ:GJ<MST E3/FLTM9/MT /@@T GM93JT H/M:3FMLT /J3
HOL932T0/1?T/F2TEOLMTQ/:MT@GF83J
#MT :LT 3RMJ3E3@ST 2<56:1ODMT /F2T :FT EST P:3QT E/ST 03T OF3M9:1/@T MG
2<553J3FM</M3T 03MQ33FT H/M<3FMLT 0/L32T GFT M93:JT H/KM<1OA/JT @<53
1:J1OELM/F13LT-#F/2E;LL<0@3T/LTH3JTJOA<F8TT)T
#FTT/F2TTESTLOJ8<1/ATQ/<MTM:E3TQ/LT/0GOMTTS3/JL
TT
#TL/QT(LT"J/9/ET-H/M<3FMTQ:MF3LLT:FTM93TMJ</@.T;FTO8OLMTT4GJT/
HJ:P/M3T1GFLO@M/M<GFT/MT!/BL3TJ33>
(LT "J/9/ET 9/2T L3P3J3T 4OF8/@T L:FOLT 2<L3/L3T (LT "J/9/ET Q/L
LO553J:F8T L:8F<4:1/FM@ST 5JGET 93JT LSEHMGELT /F2T 9/2T /T P3JST @GQ
IO/A:MST G4T @:53T )93T Q/LT/T T GFT M93T 'OF2(/1&/ST M3LMT Q9;19
E3/LOJ3LT M93TL3P3J<MSTG4TL:FOLT 2:L3/L3T T L1GJ3T G5TTE3/FL

a
YB5Ya=\=UàXCP[XaDXaSJ[AA=;a5P;aDYaCXaYB=aNQXYaX=\=U=aJ=\=KaQ>a;CX=5X=a
SQXXE7J=a
.Xa 'V5B5NXa 7V=5YBCPAa ^5Xa XCAPC>C95PYJà 9QNSVQNCX=;a 5P;aB=U

L[PAXa^=U=a7=CPAa;=YVEN=PY5KJà5>>=9Y=;a 3B=a5KXQaB5;a5a;=\C5Y=;
X=SY[Na^BC9BaV=T[CU=;aX[VAD95La9QUU=9YCQP
aaa
*a S=V>QUN=;a=P;QX9QSC9aXDP[XaX[UA=UàQPaB=VaCPa09YQ7=Ua a5Y
%5LX=a#U==Ha4B=aSUQ9=;[V=a^5XaBDABLàX[99=XX>[Ja5P;aB5Xa5LM=\C5Y=;
.Xa 'U5B5NXa XCP[XaSVQ7J=NXa )=VaT[5JFYàQ>aJE>=aB5XaXCAPC>C95PYJ`
DNSUQ\=;
*aB5\=aX==Pa.Xa'U5B5Na5aP[N7=UaQ>aYFN=XaDPa>QJJQ^[Sa5P;aXB=aCX

;QFPAa=_YV=N=Jà^=LL
)5;a.Xa(U5B5NaS[UX[=;aB5\DPAaXDP[XaX[UA=UàDPaYB=aS[7JD9aB=5LYB

95U=aX`XY=NaXB=a^Q[L;aB5\=aB5;aYQaB5\=a7==PaU=>=UV=;aYQaN=a7`
5PQYB=Ua XS=9D5JCXY a 5P;a YB=Pa ^5CY=;a >Q[Ua YQa >D\=a NQPYBXa >QVa 5
9QPX[LYa5>Y=Va +a V=9=D\=;a YB=aU=>=VV5Ja !>Z=VaYB5Ya XB=a^Q[L;aB5\=
^5CY=;a5YaJ=5XYaY^Qa`=5UXa5P;aKCH=LàJQPA=Va>QVaX[UA=Và 3B=a^Q[J;
PQYaB5\=aB5;aB=VaX[UA=Uà[PYEJa5YaK=5XYaJ5Y=aaQUa=5VLà
"@@D<5]CZaaR?a$Va,6]=WaO6<=a&=8V[6Wàaa

1a !P;aN5`7=a^=JJaG[XYaXY5VYa7à5XHDPAaBQâ;C;a`Q[a:QN=aYQa7=aX==CPA
.Xa .5VY=PX
!a 3B=a 5VV5PA=;a YQa B5\=a 5a 9QJQPQX9QSà ;QP=a 5Ya #5N7C=a 3[VA=U`

#=PYV=aYBVQ[ABaYB=a3S=9C5JCXYa2=>=UU5La#JCPD9
1a !P;a XB=a X5â `Q[a5P;a B5;a YB5Ya9QJQPQX9QSà ;QP=a QPa-[P=a YB

!a 4B5YXa9QUU=9Y
1a 0I5à!P;aSVEQVaYQaX==CPAa.Xa.5VY=PXaYB=V=a^Q[J;a`Q[aB5\=aB5;
5PàSVDQVa9QPY59Ya^DYBaB=U
!a /Qa+a;D;aPQY

E
E 2&CE !:E B.*9E C:@E >&BE > E &=?*9>E B.&?E )/)E C:@E @9)*=>?&9)E
&':@?EB.CE>.*EB&>E.&A/9-E&E(:4:9:>(:;CE
E !.*EB&>E>**2/9-E&E(:4:9:>(:;CE'*(&@>*E>.*E.&)E'**9E.&A/9-E0>>@*>E
B/?.E <*(?&4E '4**)09-E &9)E >:8*E /9?*<80??*9?E )/&=<.*&E :=E 4::>*=E
':B*5E 8:A*8*9?>E &9)E >.*E B&>E (:9(*=9*)E ?.&?E >.*E ?.&?E
>:8*?./9-E>*=/:@>E B&>EB=:9- E 9)E >.*E.&)E,/=>?E &;;<:&(.*)E.*=E
,&804CE):(?:=E&9)E.&)E'**9E<*,*==*)E,:<E&E(:4:9:>(:;CE'@?E>.*E,*4?E
0?E B&>E 9:?E '*/9-E &))=*>>*)E 09E &E ?08*5CE ,&>.0:9E &9)E ?./>E />E
?.*=*,:<*E B.CE >.*E&=<&9-*)E ?:E.&A*E 0?E ):9*E&?E &8'/*E !@=-*=CE
*9?=*E
E 2&CE 9)E B.*9E C:@E 8*?E B/?.E .*=E )0)E C:@E &-=**E ?.&?E /?E B&>E
&;;=:;=/&?*E?:E):E&E(:4:9:>(:;CE,:=E.*=E
E $*>E
E 9)EB.&?E B.*9EC:@E '*,:<*EC:@E ;*=,:<8*)E?.*E (:5:9:>(:;CE

&9)E @;:9E =*A/*BE &9)E@9)*=>?&9)/9-E :,E B.&?E.*=E >C8;?:8>E&9)E
>/?@&?1:9EB&>EB.&?EB&>E )/)EC:@E.&A*E&EB:=2/9-E)/&-9:>0>E
E 0A*9E.*=E&-*E&9)E.*=E>C8;?:8>EE?.:@-.?E?.*E8:>?E4/2*4CE)0&-9:>1>E
B:@4)E.&A*E'**9E09,4&88&?:=CE':B*6E)0>*&>*E@5(*=&?/A*E(:4/?/>E
E :BE):*>E.*=E&-*E
.:BE)0)E.*=E&-*E&9)E.*=E>C8;?:8>E(&@>*E?.&?E
A/*BE
E :5:9E (&9(*<E1>E <&=*E@9)*=E&-*EE ?E.&;;*9>E '@?E/?>E8@(.E5*>>E

(:88:9E ?>E 9:?E @>@&44CE ?.*E ,/=>?E ?.09-E C:@E B:@4)E ?./92E :,E 09E &E
C:@9-E;*<>:9E403*E.*=E;=*>*9?09-EB/?.E=*(?&4E'4**)/9-E
E $:@E)/)E/9E,&(?E;*=,:<8E&E(:7:9:>(:;DE:9E.+=E
E %*>E
E 9)EB.&?E)0)EC:@E,19)E
E #9,:<?@9&?*4CEB*E,:@9)E&E(:4:9E(&9(*=E
E &9EC:@E)*>(=/'*E,@=?.*=E
E !@=*E ?E B&>E &?E &=:@9)E E >:9:8*?*=E 4*A*4>E ".&?>E ?.*E )0>?&9(*E
,=:8E?.*E&9@> E9)E/?E B&>9?E&44E?.&?E5&=-* E ?E/9A:5A*)E&':@?E /,E E
<*8*8'*=E(:==*(?4CE&':@?E?B:E?.0<)>E:,E?.*E(/=(@8,*=*9(*E:,E?.*E
(:4:9 E:<*E&)A&9(*)E 8:=*E4:(&44CE&)A&9(*)E(&9(*<>E&<*E@>@&44CE
(0=(@8,*<*9?/&4E 8*&909-E ?.*CE 8&CE 09A:4A*E ?.*E *9?/=*E
(0=(@8,*<*9(*E:,E?.*E(:4:9 E

/[ #M9[9@9[ZNW[8NK:[VN[5[8NM8HWUANM[56NWV[Y?5V[UV5=:[N<[85M8:T[U?:[
?59![
#[ ,N[ ([ 9@9[MNV[ )[ 9A9[MNV[?5X:[AM<NSK5VANM[S:=5S9@M=[5M[WGVT5UNWM9[

5M9[%0[U85M[N<[V?:[569NK:M[V?5V[U?:[?59[?59[5M9[UN[V?:T:<NT:[5V[
V?5V[PN@MV[@M[V@K:[AVU[@KPNUU@6G:[VN[EMNY[V?:[UV5=:[
/[ .F5Z[ &@9[ ZNW[ 59X@U:[ ?:S[ N<[ Y?5V[ U?:[ M::9:9[ @M[ V:SKU[ N<[
VT:5VK:MV"[
#[ 3:U[*[59X@U:9[?:S[U?:[YNWH9[S:RWAS:[5[8NG:8VNKZ[5[T:U:8VANM[N<[V?:[
8NHNM[ N<[V?5V[P5TV[N<[V?:[ PNTVANM[N<[V?:[8NHNM[
1T5MU8TAQV['5Z[[-OX;L7;T[ [
[Q5>;[
[IBM;U[[
/[ #M9[V?:M[ZNW[9N[8NGNMNU8NPZ"[
#[ 4:U[#M9[8NHNMNU8NPZ[Y:[9N[KNT:[N<[5M9[@VU[U8T::MAM=[ P5TV[N<[AV[

AU[ U8S::M@M=[ <NT[ 8NHNM[85M8:T[5M9[5HUN[ VN[@MX:UV@=5V:[P:NPJ:[ V?5V[
?5X:[ 9A<<:T:MV[ UZKPVNKU[ AM8HW9@M=[ UZKPVNKU[ UW==:UVAX:[ N<[
@M<H5KK5VNSZ[6NY:H[9AU:5U:
[Y?A8?[AU[5M[@M<G5KK5VANM[N<[V?:[HAMAM=[
N<[ V?:[ 8NHNM[ Y?A8?[ 85M[ H:59[ VN[ UZKPVNKU[ UW8?[ 5U[ 9@5SS?:5[ 5M9[
S:8V5G[6G::9CM=[
/[ #M9[ *HG[?5X:[ZNW[V5HE[@M[5[6AV[KNS:[9:V5@H[@M[ 5[KNK:MV[56NWV[V?:[

8NHNMNU8NPZ[U8S::M@M=[PTN=T5K[Y?A8?[AU[T:G5V@X:GZ[M:Y[
#[ 4:U[
/[ $WV[ PTANS[ VN[ V?:[ AMVTN9W8V@NM[ N<[ V?5V[ PSN=S5K[ DWUV[ 5M9[ X:SZ[
SNW=?HZ[ ?NY[ 8NKKNM[ Y5U[ 8NHNMNU8NPZ[ 5U[ 5[ 9@5=MNUV@8[
PSN8:9WS:"[
#[ 2:GG[ AVU[ 6:8NK:[ KNT:[ 5M9[ KNS:[ 8NKKNM[ 0N[ PWV[ V?AM=U[ AM[
P:SUP:8VAX:[ Y?:M[ *[<@SUV[ KNX:9[ VN[ $SAVAU?[%NHWK6@5[KZ[Y5@V[VAK:[
<NT[9N@M=[5M[:G:8VAX:[K:5MAM=[MNMWS=:MV
[8NHNMNU8NPZ[Y5U[56NWV[
V?T::[ Y::FU [ @VU[ MNY[ 56NWV[ NM:[ Z:5S[ #M9[ AVU[ 6::M[ EAM9[ N<[
PSN=T:UU@X:[ 5U[ P?ZU@8@5MU[ AM[ =:M:S5G[ <5KAGZ[ P?ZUA8@5MU[ ?5X:[
6:8NK:[KNS:[ 5Y5S:[ V?5V[ 8NGNM[ 85M8:S[@U[ <5@SGZ[ 8NKKNM[ *VU[ V?:[
V?@S9[ KNUV[ 8NKKNM[ 85M8:S[ 5M9[AVU[ V?:[ KNUV[ 8NKKNM[ 85WU:[ N<[
85M8:T[9:5V?[ AM[ 6NV?[ K:M[ 5M9[ YNK:M[MNMUKNE:SU[ +M[UKNF:SU[
GWM=[85M8:S[@U[ KNT:[8NKKNM[0?:[V?S:U?NG9[<NS[S:<:TS@M=[P:NPH:[
<NS[U8S::M@M=[?5U[=S59W5HGZ[9TNPP:9[NX:T[V?5V[P:TAN9[N<[V@K:[

`
)` *;R5T;MB4` H5/J<J:` <J` W5RHT` M6` \;/W` @<J4T` M6` T^HOWMHT` MJ5`
T;MZB4`;/[5`
!` .;5J` >6Ò/W<5JWT`T;M\`ZO`/W`W;5>R`6/H<B^`4M3WMR`\<W;`/`;<TWMR^`M6`
S53W/C`1B554<J: `3;/J:5`<J`1M\5D`;/1<WT `/14MH<J/EÒ/<J`MR`<6`W;5^`
;/[5`/`T<:J<6<3/JW`6/H<B^` ;<TWMR^` M6`3MEMJ` 3/J35S` W;5^R5`SMZW>J5B^`
R565RR54`7MS`3MJT<45R/W>MJ` M6`3MBMJMT3MO^ ` \;5R5/T` <J` ^5/RTÒ/TW`
TMH5` M6` W;5T5` T^HOWMHT` \5R5` /WWR<1ZW54` WM` 15J>:J` 3MJ4<W>MJT `
TMH5W>H5T`\RMJ:B^ `/J4`5[5JWZ/FB^`/Ò/W<5JW`\MZB4`T;M\`ZO`/W`/`
HZ3;È/W5R`TW/:5`/J4`T;M\`ZO`\<W;`/`3/R3<JMH/`
+S0KU3S=PX`#0_``(N[5I25S` ` `P0:5`

`G=L5V` `

'MTW` M6` W;5` O/W<5JWT` S565RS54` WM` H5 ` >J` O/RW<3ZD/RB^` 6MR` @J55
S5OE/35H5JWT` /J4` MW;5R` ?M>JW` R53MJTWSZ3W<MJ ` /ER5/4^` ;/[5
/4[/J354`/RW;S>W>T`%`M1T5R[5`/J4`W;5^`R5OMRW`WM`H5`W;/W`W;5^`/R5`>J
T<:J<6<3/JWÒ/>J `/J4`;/[5`TZ1TW/JW</BB^`3ZRW/<B54`HM[5H5JW`\;>3;
B<H<WT`W;5<R`/1>B<W^`WMÒ/RW>3>O/W5`<J`R5:ZB/R`D<65`/3W<[>W<5T`,;<T`>T`M6Y5J
W;5`R5/TMJ`W;/W`W;5^`;/[5`155J`R565RR54`WM`H5`<J`W;5`6<RTWÒB/35`"^
W;5` W<H5` &` T55` W;5H` >J` 3MJTZBW/W<MJ ` W;5>R` 3MJ4<W>MJ` ;/T` 6ZRW;5R
/4[/J354 `/J4`W;5<S`T^HOWMHT`/S5`M95J`\MRT5
`
$RMH` 3B<J<3/B` M1T5S[/W>MJT` M6` H^` O/W>5JWT ` \;<E5` \/<W>J:` 6MR
WS5/WH5JW`W;5^`/R5`TZ665R<J:`6RMHÒ/<J `4<T/1>D<W^ `<J/1>E>W^`WM`\MRA
MR`3/S5`6MR`45O5J45JWT È/3@`M6` HM1W^` <J/1W^`WMÒ/RW<3>O/W5`<J`
W;5<S`/3W>[>W>5T`M6`4/<B^`B<65 `/J4`TMH5W>H5T`5[5J`45OS5TT>MJ`/J4MR
J/R3MW>3` 45O5J45J3^` &J` /44>W>MJ ` H/J^` O/W<5JWT` \<BB`5]O5R<5J35
6ZRW;5R`45W5R<MR/W>MJ`M6`W;5<R`3MJ4<W<MJ
.;<E5` <W` >T` M6W5J` TZ::5TW54` W;/W` TZR:5MJT` 3MZE4` T>HOB^` HM[5` /
O/W<5JW`ZO` <J` W5RHT`M6` OR>MR<W^`/J4`W;ZT` 4M` W;5` O/W>5JWT`TZR:5R^
HMR5` QZ<3AE^ ` W;5` R5/E<W^` <T` W;/W` [>SWZ/BD^` /BE` M6` H^` O/W<5JWT` /R5
TZ775R<J:`3MJT<45R/1E^`<J`W5RHT`M6Ò/<J`/J4MR`4>T/1<B<W^` -M`HM[5
MJ5Ò/W<5JW`ZO`>J`W5RHT`M6ÒR>MR<W^`H5/JT`W;/W`/EB`MW;5RÒ/W>5JWT`/R5
OZT;54`1/3@`/J4`HZTW`\/<W`BMJ:5R` %W`>T`5]WR5H5E^`4>76<3ZEW ` /J4`<J
H^`[>5\`H/^`15`ZJ5W;>3/B `WM`4<685R5JW</W5`15W\55JÒ/W>5JWT`1/T54
MJ`W;5<RÒ/RW<3ZB/RÈ<65`3<S3ZHTW/J35T

,NX08NN?8LXJL8N8GO87X4NX4X:4?LCVXOVJ?64CXAG88X4LO>L@O@NXJ4O@8GPX %
H5N8LS87X 4G7X N>8X PHC7X F8X O>4OX N>8X T4NX ?GX N?<G?9@64GOX J4@GX 4G7
4CL847VX >47X 47S4G687X NO?::G8NNX 4G7X L8NPL@6O87X FHS8F8GPX @GX >8L
AG88X $8LXL?<>OXAG88XT4NX4CNHX4;86O87X4DP>HQ<>XOHX4XC8NN8LX78<L88
$8LX3L4VNX6HG:?LF87X47S4G687X4LO>L@O?NX?GX5HO>XAG88N
4N87X HGX FVX 4NN8NNF8GPX %X 98DPX P>4OX ,N X 08NN@8LX THQE7X 58G89@O
<L84OCVX :LIFX 4X PHO4CX AG88X L8JC468F8GPX ,NX 08NN@8LX 4<L887X 4G7
6HGN8GO87XOIXP>8XJLH687QL8X28X JC4GG87XOHX477L8NNX>8LXD89OXAG88
:?LNPX:HDCIT87X5VX>8LXL?<>PXBG88X?9XL8KQ?L87X49O8LXN>8X>47XL86HS8L87
9LHFX>8LXD8:OXBG88XNQL=8LV X OP46>87X4NX!U>?5?OX*X?NX4XPLQ8X6HJV
I:XFVXHGNQCO4O?IGX.8JILOXT@O>XL8NJ86OXOIX,NX08NN?8L
&784DCVX ,NX08NN?8LXTHQC7X >4S8X588GX 45C8XOHX>4S8X>8LX:?LNOXAG88

L8JD468F8GOXT@O>?GXN@UXFHGO>NXI:X58?G<XL898LL87XPHXF8X 54N87XHG
P>8X ,?G?NPLVX <Q?78D@G8NX X %GNP847X N>8X T4?O87X X FHGO>NX :HLX 4
6HGNQDOX4G7XP>8GXXFIGO>NX:HLX>8LXNQL<8LV
2>8GX &XPIC7X,NX08NN@8LXP>4OX?OXTHQC7X58XD@A8DVXX V84LNX589HL8X%

6HQC7X7HX>8LXNQL<8LVXN>8XT4NXKR?O8XQJN8PX HP>XN>8X4G7X>8LX#-
6HGO46O87XFVXH::?68XN8S8L4CXO@F8NXPIXN88X@9X>8LXNQL<8LVX74O8X6HQD7
<8OXFIS87XQJ
$HT8S8LX ,NX 08NN?8LNX 6HG7?O@HGX4G7X6?L6QFNO4G68NXT8L8XN?F@D4L

OHXP>IN8X8UJ8L?8G687X5VXF4GVXH:XFVXJ4P@8GPNX0>8L8:HL8XO>8L8XT4N
GIX54N?NX9HLXJL?HL?O?W?G<X>8LXHS8LXHP>8LXJ4O?8GONXT>HX>47XFIL8XHL
8KQ4CCVXN8S8L8XJ4?GX4G7XT>IX>47X588GXT4@O@G<X4NXDHG<X4NXILXDHG<8L
O>4GXN>8X>47
%:X 'XNIQ<>OXPIXFHS8X,N X08NN@8LXQJXO>8XD@NOX4>847XH9XIP>8LXJ4O@8GPN

O>8X J4P?8GPNX T>HX>47X4CL847VX 588GX T4?O@G<X:HLX 4X S8LVX CHG<XO?F8
TIQD7X58XL8KQ?L87XOHXT4@OX8S8GXCIG<8L X0>?NXTHQC7XGHPX>4S8X588G
:4?LXOHXP>8FX9LHFX4XF87?64DXILX8O>?64DXJ8LNJ86O?S8
%GX(4GQ4LVXX&XL868@S87X4XD8OP8LX:LHFX LX"QLNO8G5QL<X4NA@G<X:HL
4GX 8UJ87?O87X 4JJH?GOF8GPX:HLX ,NX08NN?8LX HGX O>8X 54N@NX O>4OX N>8
GITX>47XN8S8L8XHG<H?G<XJ4?GX?GX>8LXAG88NX8S8GX4OXL8NOX ,VXH99@68
4LL4G<87X9HLX4XN86HG7X6IGNQDP4P?IGX4JJH?GOF8GOXT?O>X,NX18NN?8L
PHX78O8LF@G8X?9X>8LX6HG7?P?HGXT4LL4GO87X8UJ87?P87XNQL=8LVX4OXP>4P
O?F8X OO46>87X 4NX !U>?5?OX +X @NX 4XOLQ8X6HJVXI:X L X"QLNO8G5QL<N
C8OO8LX74O87X)4GQ4LVXX
,NX08NN?8LNX6IG7?O@HGX>47XTILN8G87X 4G7X>8LXFI5@C?OVX T4NX8S8G

FHL8XL8NPL?6O87XP>4GX?PX>47X588GXJL8S@HQNCVX />8XL8JIMP87XOHXF8

YH@Y` @QC` IY` \@X` D[ICDQY` EVRP` P^` RAXDV[@YJRQ ` YH@Y` XHD` \@X` JQ`
XD[DVD`S@JQ`PZBH`RE`YHD`YIPD
`@QC`YH@Y`XHD`\@X`ZQ@AND`YR`\@NM`@Q^`
XIGQJEJB@QY`CIXY@QBD` RV` CR` P@Q^` RE` YHD` @BYJ[IYIDX` RE` HDV`C@JN^` NIED`
,ZVYHDV
` ADB@ZXD` RE` @` SVIRV` XYVRMD
` XHD` \@X` ZQ@AOD` YR` Y@MD`
PDCIB@YJRQX`YH@Y`\RZNC`Y^SJB@ON^ÀD`SVDXBVIADC`YR`@CCVDXX`YHD`S@IQ`
$ &Y` YH@Y` YJPD

` 1` \@X`XYJOO`ZQ@AND` YR` GI[D` HDV` @` XZVGDV^`C@YD
` @QC` 0
@C[IXDC`HDV`RE`YHJX`1`YROC`HDV`YH@YÀ@XDC`RQ`P^`BZVVDQY`\@IY`NIXY`@QC
P^` D]SDBY@YIRQX`\IYH`VDXSDBY`YR`YHD`89`YJPD`2`\RZOC`VDBDJ[D
`HDV
XZVGDV^`\RZOCÒJMDN^ÀD`@QRYHDV`^D@V`RV`XR
$ :HD`\@X`[IXIAN^`ZSXDY`\HDQ`XHD`HD@VC`YHIX` 0`H@C`@`CJXBZXXKRQ`\JYH

HDV`@ARZY`P^`\@IY`NJXY`@QC`YROC`HDV`@ARZY`YHD`N@BM`RE`89`@[@IO@AIOJY^
;HD` @XMDC` IE` YHDVD` \@X` @Q^YHIQG` YH@Y` XHD` BRZNC` CR` @ARZY` HDV
XIYZ@YJRQ`0`DQBRZV@GDC`HDV`YR`V@IXD` YHD`P@YYDV`\JYH`HDV` 65&`@QC
HRXSJY@O`@CPJQJXYV@YJRQ
$ &`XHRVY`YIPD`N@YDV
`1ÒD@VQDC`YH@Y`6X`<DXXIDV`\@X`CRIQG`@`XJY IQ`@Y
>.`7'(`YR`SVRYDXY`YHDÒDQGYH^`\@JY`YJPDÈRV`HDV`MQDD`VDSN@BDPDQY
XZVGDV^` 1`XSRMD`\JYH`HDV`JQ`YHD`?/7'(ÒRAA^`\HJND`XHD`\@X`YHDVD
@QC` BRQFIVPDC` \JYH` YHD` HRXSIY@N` @CPJQIXYV@YIRQ` \H@Y` HDV` \@JY
YIPDX`H@CÀDDQ
$ 1Q`D@VN^`3ZQD`"`1`VDBDJ[DC`@ÈZWYHDV`NDYYDVÈVRP`)V`-ZVXYDQAZVG
VDUZDXYJQG` YH@Y` 1` ZSGV@CD` 6X` =DXXJDVX` SVLRVJY^` XY@YZX` YR` XDPI_

ZVGDQY`XR`YH@Y`XHD`BRZOC`GDY`HDV`XZVGDV^`RQ`@Q`D]SDCIYDCÀ@XJX` 1
VDXSRQCDC`YR`)V` -ZVXYDQAZVG`YH@Y`0`BRZNC`QRY`NDGIYJP@YDO^`BH@QGD
6X`<DXXIDVX`XY@YZX`YR`XDPIZVGDQY
`@QC`YH@Y`YR`CR`XR`RV`RYHDV\IXD
D]SDCIYD`HDV`XZVGDV^ÌQ`VDO@YIRQ`YR`RYHDV`S@YJDQYX`RQ`P^`\@JY`NIXY
\RZOCÀD`ZQE@IV`YR`P^`RYHDV`S@YIDQYX`\HRXD`BRQCIYJRQ`\@X`\RVXD
YH@Q` 6X`=DXXIDVX` &YY@BHDC`@X` *]HJAJY` 7` @VD`)V` ,ZVXYDQAZVGX
NDYYDV`YR`PD`C@YDC`3ZQD`
`"`@QC`P^`VDXSRQXD`C@YDC`4ZQD`
"
$" 6^`RQB@OO`XBHDCZODÌX`Y^SIB@OO^` TVR[ICDC` @Y` YHD` ADGIQQIQG` RE` YHD

^D@V
` @QCÌY`XHR\X`YHD`\DDMX`1`@P`RQ`B@NO`<^SJB@OO^
ÈRV`\DDMX`YH@Y
@`S@VYJBZO@V`XZVGDRQÌX`RQ`B@OO`YH@Y`XZVGDRQ`\JNNÒRXD`YHDJV`VDGZN@VO^
XBHDCZODC`89`C@^`YH@Y`\DDM
ÀDB@ZXD`YHD`XZVGDRQ`H@X`YRÀDÌQ`YHD
YV@ZP@` VRRP` EVRP` @ARZY` %` @P` RQ\@VCX` ERV` 6RQC@^` YR
=HZVXC@^` <HD`RQB@NN`XZVGDRQ` P@^ÀD` VD@XXIGQDC` @Q`DODBYI[D`89
C@^`RQ`YHD`-VIC@^`RE`YHD`RQB@ON`\DDM
$# 6^`JQIYI@N`89`RQB@NN`XBHDCZOD`FRV`"`H@C`PD`RQ`B@NNÈRV`YHD`\DDM
RE` 8BYRADV` ` "` &YY@BHDC` @X` +]HIAIY` 8` IX` YHD` RQB@NN
XBHDCZODÈRV`8BYRADV`"`YH@Y`0`\@X`GI[DQ`JQ`8BYRADV`!

*NY<X<R]CM]G7T<]3<PT<K8<R]] +]R<:<CX<;]>RNK]TB<]/2] NNFCMA

/==C:<]7T]5*]. !]7]M<Y];R7=T]3WRA<R[]3:B<;WG<]=NR]/:TN8<R]]
TB7T]SBNY<;]TB7T]+]B7;]7M]/2];7T<]NM]/:TN8<R]]];WRDMA]TB<
Y<<F]YB<M]+]B7;]PR<XCNWSG[]8<<M]S:B<;WG<;]TN]8<]NM]:7GH ] 4B<]NMG[
P7TC<MT]S:B<;WH<;]=NR]TB7T];7[]Y7S]#<MCS<]4<SSD<R ] .N]<ZPG7M7TCNM
Y7S] ACX<M]TN] K<] 78NWT]BNY]NR] YB[] TBCS] B7PP<M<;] TT7:B<;] 7S
%ZBC8DT] 0]CS]TB<]M<Y];R7=T]3WRA<R[]3:B<;WG<]=NR]/:TN8<R]]
TB7T] +]R<:<CX<;]NM]NR]78NWT]3<PT<K8<R]]
/M]NR]78NWT]/:TN8<R]]]+]Y7S]PRNXC;<;]YCTB]TB<]'DM7H]/2]SG7T<
=NR]/:TN8<R]]]YBC:B]DM:GW;<;]-S]4<SSC<R] 7GNMA]YCTB]TYN
NTB<R]P7TC<MTS] TT7:B<;]7S] &ZBC8CT] 1] DS]TB<] (CM7G]/2]SG7T<]=NR
/:TN8<R]]],]R<:<CX<;
+] P<R=NRK<;] -S] 4<SSC<RS]G<=T]FM<<] R<PG7:<K<MT] NM] /:TN8<R]

] 4B<] SWRA<R[] Y7S] WM:NKPGC:7T<;] 7M;] SB<] B7S] B7;] 7] ANN;
R<SWIT] TT7:B<;] 7S] &ZBC8CT] 2] CS] 7] TRW<] :NP[] N=] K[] /P<R7TDX<
2<PNRT] =RNK] -S] 4<SSD<RS] SWRA<R[] 7S]Y<GG] 7S] B<R] PR<
7M;] PNST\
NP<R7TCX<]6R7[]R<PNRTS
-S]4<SSC<R]R<SPNM;<;]X<R[]Y<HG]TN]TB<]SWRA<R[]7M;]B<R]KN8DHCT[]CS]
KW:B]DKPRNX<;] 3B<]B7S]<G<:T<;]TN];<H7[]B<R]SWRA<R[]NM]B<R]RCABT
FM<<] CM;<=CMCT<G[] 8<:7WS<] B<R] RCABT] FM<<] P7DM] DKPRNX<;
SCAMC=D:7MTH[]7=T<R]TB<]SWRA<R[]NM]B<R]G<=T]FM<<] 4BES]N=V<M]B7PP<MS
7=T<R] SWRA<R[]NM] TB<]=DRST] FM<<] 8<:7WS<] TB<] P7TC<MT] DS]MN] HNMA<R
>7XNWRDMA]TB<]KNR<]P7CM>WH]G<A]7M;]TBWS]TB<]STR7CM]NM]TB<]S<:NM;
FM<<]DS]R<;W:<;
@C;7XDU]]O?]$R]"OSU7]L7;<])<9RW7R[] ]]

+M] K[]NPCMDNM] TB<]<KPCRC:7H]<XC;<M:<] SWPPNRTS]7]:NM:GWSCNM]TB7T]

Y7CTDMA]TDK<]=NR]SWRA<R[]:7M]B7X<]B7RK=WH]:NMS<QW<M:<S]7M;]TB7T]
TB<]Y7CT]CM]7M;]N=]CTS<G>] :7WS<S]B7RK] +]<H78NR7T<]8<JNY ]

#-*8*B.9B%B9<&9:%4:.%1B1.:*8%:<8*B54B:-.9B7<*9:/54B4)**)B:-*8*B.9B%B
%4%).%4B 96*'.+/'B 1.:*8%:<8*B >-.'-B '53*9B :5B :-*B 9%3*B ,*4*8%1B
'54'1<9.549B%9B:-*B>.)*8B1/:*8%:<8*B
#-*B2.:*8%:<8*B+.4)9B:-%:B/4B953*B96*'.+.'B'%9*9B.4).=.)<%19B>-5B>%/:B
154,*8B*?6*8.*4'*B>589*B+.4%2B-*%2:-B5<:'53*9B *1%@9B.4B%''*99.4,B
'%:%8%':B9<8,*8@B-%=*B&**4B%995'/%:*)B>/:-B2/3.:*)B/3685=*3*4:9B
/4B=/9<%1B%'<.:@B+5115>.4,B9<8,*8@B 58*5=*8B>%/:/4,B:.3*9B-%=*B%4B
/36%':B /4B :-*B '%4'*8B %4)B '%8).%'B 96*'/%1:.*9B >-*8*B )*1%@9B %8*B
)5'<3*4:*)B :5B &*B %995'.%:*)B >/:-B >589*B -*%2:-B 5<:'53*9B
.4'1<).4,B)*'8*%9*)B9<8=.=%2B>.:-B8*96*':B:5B'%4'*8B:8*%:3*4:9B58B
'%8).%'B6%:/*4:9B/:B>%9B&*'%<9*B5+B :-*B>589*4*)B-*%2:-B5<:'53*9B
%995'.%:*)B>.:-B>%.:.4,B:-%:B:-*B6<&1/'2@B+<4)*)B$B %:/54%2B*%2:-B
"*8=.'*B %215>*)B +<4).4,B 5+B :8*%:3*4:B .4B :-*B 68/=%:*B 9*':58B :5B
*4-%4'*B 6<&2/'B -596.:%1B '%6%'.:@B .4B :-*B 3/)9B %4)B /9B
'54:.4<.4,B:5B)5B95B
#-*8*B.9B%B2%8,*B1.:*8%:<8*B:-%:B9-5>9B:8*%:3*4:B)*2%@B)<*B:5B154,*8B
>%.:/4,B:.3*B/9B%995(/%:*)B>/:-B)*:*8/58%:.54B.4B-*%2:-B)<8.4,B:-*B
>%.:.4,B :.3*B +58B 953*B .4)/=/)<%29B %9B >*22B %9B '%<9/4,B 6%.4B %4)B
)/9:8*99 B #-.9B 2/:*8%:<8*B +/4)9B :-%:B /4)/=/)<%29B >%.:.4,B +58B
58:-56%*).'B9<8,*8@B+58B*?%362*B 9<++*8B6%.4B 8*)<'*)B358&.)/:@B
%4)B)*:*8.58%:.54B.4B:-*.8B7<%2.:@B5+B1.+*
B#-*8*B /9B%295B%B2/:*8%:<8*B
:-%:B 9:%:*9B :-%:B 254,*8B >%.:B :.3*9B %8*B %995'.%:*)B >.:-B 254,*8B /4A
6%:/*4:B9:%@B%4)B/4'8*%9*)B8*95<8'*B<9*B
:B/9B%''*6:*)B:-%:B:-*B254,*9:B>%/;9B%8*B+58B*2*':.=*B:8*%:3*4:9 B#-*B
%4%)/%4B1/:*8%:<8*B:*4)9B:5B)*+/4*B254,B>%.:9B%9B5=*8BB354:-9B9B
45:*)B%&5=*B%4%)%B-%9B9**4B *?'*99/=*B>%.:9B )*+.4*)B%9B,8*%:*8B
:-%4BB354:-9B&@B:-*B!B5<8B354:-9B5+B>%/:B/+B%995'/%:*)B>.:-B
)*:*8.58%:.54B .4B '54)/:.54B 6%/4B %4)B )/9:8*99B .9B 2.%&2*B :5B &*B %B
9.,4.+/'%4:B-%83+<2B'59:B%:B:-*B656<1%:/54B1*=*1B
#-*8*B/9B%B2.:*8%:<8*B:-%:B9<,,*9:9B:-%:B.4).=.)<%29B%8*B>/22.4,B:5B6%@B
:5B %=5.)B 9<'-B >%.:/4,B :/3*9B +58B *2*':.=*B 9<8,*8@B 68*9<3%&1@B :5B
%=5.)B:-.9B-%83B#-.9B2.:*8%:<8*B-%9B9%362*)B.4).=/)<%19B.4B%4%)%B
*43%80B :-*B $B %4)B "6%/4B %:B =%8/5<9B 65.4:9B /4B :.3*B %4)B +58B
).++*8*4:B :@6*9B 5+B *2*':.=*B 9<8,*8@B :5B*9:/3%:*B :-*B =%1<*B 5+B :.3*B
96*4:B>%/:/4, B*4*8%21@B:-*9*B=%1<*9B%8*B659.:.=*B%4)B8*68*9*4:B%B
9.,4/+.'%4:B 2599B5+B'549<3*89B >*1+%8*B>-*4B.4).=/)<%29B%8*B+%'*)B
>.:-B>%/:.4,B:/3*9B
!!!! !! !

!! !

M
$M #6(IM<+M!MG(<CMC=MCDA<M<=GMC=MC0,M?(ACM=-MI=DAM,H?,ACMA,?=ACMC0(CM
C0,M+,-,<+(<CBM(<+MC0,M.,+,A(7M/>F,A<;,<CM1<MC02BM*(B,MC(6,M1BBD,M
G2C0M<+MC0(CBM(CMC()MM(<+M(CM?(/,MMC=MM '&MM #<,M=-MC0,M
@D,BC3=<BMI=DMG,A,M(B6,+M2BM
>MG(2C3</MC2;,BM-=AMBDA/,AIM0(A;M2<+2F3+D(8BM
<+MI=DM=?2<,MC0,A,MC0(CM (CMC0,M=DCB,CM
<M ;IM >?2<2=<M C0,M ,;?3A2*(7M ,F2+,<*,M BD??>ACBM (M

*><*7DB2=<M C0(CM G(3C2</M C2;,M -=AMBDA/,AIM *(<M 0(F,M
0(A;.D8M*=<B,@D,<*,BM(<+MC0(CMC0,M G(4CM 2<M (<+M=.M
2CB,7.M*(DB,BM0(A;M
<+M I>DM ,8()>A(C,M ),7=GM <+M !M +=<CM

!;M <=CM (B62</M I>DM C=M
,H?(<+M=<MC0(CM=?2<2=<M=AM(<IC03</M)DCM2<M+,F,8>?1</MI>DAM=?2<2><M
=<MC02BM*(<MI=DMC,78MDBMG0(CMI=DM8==6,+M(CM(<+M0>GM(<+MG0IMC0(CM
-(87BMG2C02<MI>DAM,H?,AC1B,M(BM(M0,(8C0M,*><>;2BCM
M %>M><M?(/,MM(<+MM;(I),MB>;,MB?287>F,AM7(C,AM><MI>DM*(<MB,,M
,H(;?8,BM=.MC0,M;,+2*(8M72C,A(CDA,MG01*0M!MDB,+MC=M(AA2F,M(CMC0(CML
B=;,M=.MC0,M;,+2*(7M83C,A(CDA,M MEB,+MC=M(AA3F,M(CMC0(CM=?3<3><M(<+M
A,(77IM C0,M >?3<3><M +A(GBM D?><M C0,M BC(C2BC2*(7M 6<=G7,+/,M G02*0M M
0(F,M(BM(M?A=.,BB2=<(7M0,(8C0M,*=<=;2BCMC=M7=>6M(CMG0,C0,AM>AM<>CM
C0,A,BM(<IM*(DB(7MA,7(C2=<B02?MC0,A,MG0,C0,AMC0,MB(;?8,MB2J,BM=-M
C0,M?>?D8(C2><M(<+MC0,M*0>B,<MB(;?7,M?>?D8(C3=<BM(A,M(??A>?A2(C,M
.=AM ;(62</M (<IM *><*7DB1><M C>M +A(GM (<IM *><*8DB1><M .A>;M C02BM
71C,A(CDA,M(<+M(7B>MC=MCAIMC>M1+,<C3-IMC0,M.=A;M=.M0,(7C0M),<,.2CM>AM
>C0,AG3B,MC0(CM =AM+,C,A3=A(C1><M1<M0,(7C0M),<,.2CMC0(CM;(IMG,88M),M
(CCA3)DC,+MC>M7,</C0,<3</M2<MG(2C2</MC2;,M
"=GM MC02<6M/=CMC=M+=MC02BM(CM(M?>?D8(C3=<M8,F,8M(<+M
/>CMC=M+>M2CM(CM(MBC(C2BC2*(8M7,F,7M),*(DB,M=)F2>DB8IMI>DA,MCAI2</MC=M
/,CMB=;,M(F,A(/,M,..,*CM (F,A(/,MCA,(C;,<CM,-.,*CM5DBCM(BMI=DM+>M
1<M(M*82<2*(7MCA3(8M(9C0=D/0M(78M>.MC0,B,M(A,M=)B,AF(C2=<(8MBCD+2,BM(<+M
C=M/,CMC0(CM(F,A(/,M,..,*CMB>MC>MG(B0M=DCMF(A3(C2><MG03*0M*(<CM),M
(CCA1)DC,+M C>M F(A2(C2><M 2<M CA,(C;,<CM >DC*>;,M G02*0M *(<CM ),M
(CCA1)DC,+MC>MG(3C1</MC1;,BMI=DM<,,+M(??A>?A2(C,M?=?D8(C2><BM%=M
MC01<6M1CM0(BMC>M),M(CM(M?=?D7(C2><M9,F,7MI>DM+>MC02BM !MC01<6M3CM0(BMC>M
),M +><,M 2<M B=;,M BC(C2BC2*(8M -=A;M ),*(DB,M I=DA,M (<(7IK3</M
?>?D8(C3><BM(<+MI=D:7M ,F,AIC02</MD<8,BBMI=DMCAIMC>M
AD<M (M A(<+=;2K,+M *=<CA>8M CA3(7M DCM C0=B,M 0(F,M C0,2AM
72;3C(C2=<BM (BM !M B(3+M ),*(DB,M I=DA,M *=<CA=772</M C0,M ?=?D7(C2=<M
,<CAIM (<+MI>DM0(F,MC>MDB,M (??A=?A2(C,M;,C0>+BM C=M B,,M G0,C0,AM
I>DA,M>)B,AF3</M;,A,7IM(M*=AA,8(C3=<M=AM(M*(DB(8M,..,*CM

?.PA?PJ60P*(H7HPA1P>OP0NB0F70?,0P(?.P:?AM;0.40PA1P0,A?A>0JF7,HP
HJ(J7HJ7,HP(?.P60(<J6PBA;7,OPJ6(JHP6AMP !P ,(>0PJAP >OPAB7?7A?P (?.P
J60PAB7?7A?PF0<(J0HP<(F40<OP7?PJ60H0P.A,K>0?JHPJAP0;0,J7L0PHKF40FOP
(?.P7JPF0<(J0HPJAPM60J60FPAFP?AJP
<(F40<OPM60J60FPAFP?AJPJ60F0PM(HP
(P.0J0F8AF(J7A?P8?PEK(;7JOPA1P<710PM68,6P8HP(P>0(HKF0PM67,6P7HPKH0.P
(HP "L0P H(7.P *OP F04K;(JAFOP *A.70HP (,FAHHP J60P MAF<.P JAP JFOP JAP
HK,,7?,J;OP.017?0P60(;J6P*0?017J P
%G)@I-F8CJP)OPP#)@K)FOPPPD)50PP=7@0IPP

&60P0210,JPA1PM(8JPJ8>0HP71P(?OPA?PJ60P60(<J6PA1PB(J80?JHP
0<(O0.P (,,0HHP JAP >0.7,(;;OP ?0,0HH(FOP ,(F0P ,(?P 6(L0P H74?717,(?JP

7>B(,JHPA?PJ60P60(<J6P(?.PM0<<*07?4PA1PJ6AH0PM8J6PK?JF0(J0.P>0.7,((OP(210,JPJF0(J>0?JP(?.PAKJ,A>0HP7?,F0(H0PJ60P
F7H:PA1P,A>B;7,(J7A?HP(?.P8?,F0(H0PF7H:PA1PBF0>(JKF0P.0(J6P KFJ60FP
M(7J7?4P 2AFP >0.7,(;P JF0(J>0?JP >(OP 7>BAH0P B0FHA?(0?JP(JP;08HKF0P (?.P(P.0,;8?0P
8?P40?0F(;P60(;J6P
?P 0NJ0?H7L0P *A.OP A2P F0H0(F,6P 6(HP 0N(>7?0.P J60P >0.8,(*0FP A1P
HJK.80HP M7J67?P J67HP +A/OP 6(L0P 3AK?.P J6(JP .0<(OHP 8?P F0,08L7?4P
,(F.7AL(H,K;(FP ,(F0P ,(?P *0P (HHA,7(J0.P M8J6P >OA,(F.7(0?JP(?.P
AKJ,A>0HP(?.P.0(J6P'60H0P,A?H0EK0?,0HP>(OP(210,JP*AJ6PJ6AH0P7?P
>AF0P KF40?JP (?.P <0HHP KF40?JP ,(J04AF70HP (?.P >(OP A,,KFP M8J67?P
B6OH8,8(?F0EK0HJ0.PM(7JPJ7>0HP*AJ6PA1PM68,6PHK440HJPJ6(JPJF7(40PA2P
B(J80?JHP>(OP?AJP*0P(*;0PJAP2K<<OPAL0F,A>0PJ60PF7H:HP(HHA,7(J0.PM8J6P
.0;(OP
$JK.70HP 6(L0P (<HAP H6AM?P (P ;7?:P +0JM00?P .0<(OHP 8?P F0,08L8?4P9A7?JP

F0B<(,0>0?JP (?.P BAAF0FP AKJ,A>0HP $B0,818,(<<OP ;0?4J6OP M(8JHP 1AFP
JF0(J>0?JP6(L0P+00?PF0<(J0.PJAPBAAF0FPAKJ,A>0HP1FA>PJF0(J>0?JP8?P
J0F>HPA1P1K?,J7A?PB(7?P(?.P.7H(*7<8JOP$JK.70HP6(L0P(;HAPH6AM?P(P;7?:P
*0JM00?P BAAF0FP BF0AB0F(J7L0P 2K?,J7A?P (?.P BAAF0FP BAHJAB0F(J8L0P
1K?,J8A?P(?.PH6AM?P.0J0F7AF(J8A?P7?P1K?,J8A?PAL0FPJ8>0PHK440HJ7?4P

,,4 &,#,+4",4 2&-4&%%((4%.,%"+4(%"4 (4.+4%4

%,4 0,#4 ,"+4 #4&3+#4+%#+4,%4 34,),"#,4 %(4
&,#,+4 0,4 ,,)4&(%&(,/4.#,%#4 34 /#4-"44 %0(4
&(%(,34%(4,(,"#,4
,4 -"+4%(4/+. 4 %((,%#4/4 +%4#4 #4 -%4#,/4

"&-+4%#4 ,4 !,4 %4 &,#,+4 &! 34 3+4 #4 ++#4
,)-4+.*(34/4#4++%,40,4#4#*+4*+4%4 +4
&4 *,.(+4 #4 #,+4 +4 0! 4 +4 ).4 '. -34 %4 !4
%#/)+ 34+%)-(40-+4/4#4++%,40,4(,(4&,#,4
+,+-%#4#4&%+,,(,"#,4.#,%#4 "!(4-%4,4* -%#+&4
,0#4 0,4 ,"+4 #4 %#,4 )&!"#,4 0,#4 %(4 -)-4
+.)(34+4++%-40,44 #4#4/+.!4.#,%#4 0!4+.&(%(4
&(,(,"#,4/+.!4.$,%#4+4++%,40,4,,(4%.,%"+4
-.+4 /4 +%4 %.#4 %#+'.#+4 ,%4 0,#4 #4 %-)4 )+4
3+4 #4 *%,4 "#4/4 #4 ++%,4 0,4 #4 #(+4
)+4%4&%++ 34+!#4%(4, 4+,*%4%)42"&!40 4 3+4#4
4 (4+.((34/4#4++%,40,4#4#)+4(+4%4
")#34"++%#4
3%#4 &%%*(4 "!4 %.-%"+4 #4 /(+4 /#,+4 !34

"!4(4"&%++4%#+( 4&(+%# 4%+,+4#4+4#4"&-4
%#4 (%(4 !,4 #4 1! #4 %4 4 !*4 &3+#+4 #4
&,#,+4"34 ,4 40,#+4&&(%4,%4 4" 4%#,%#4
%*4&&*%&(,4 (+%#+4 4 &*#& 4 %#)#4 (4 0%. 4 4 %*4
0,4 ,"+4,,4 (4 #%,4,4(+.!-4%4(+%# 4&3+#4(+&%#+4
,%4,4&,#,+4" 4%#,%#4.,4(,(4-%4 3+4 #4 ++#4
#++(34"!4(4
,.+4 2"##4,4%#+'.#+4%4 0-#4%)4%*%#(34(,(34

3&++4 (,4 +.((34 /4 %.#4 ,,4 %#(4 0,+4 (4 ++%,4
0,4 (.4&3+ 4.#-%##4&+3% % 4.#,%##4 +% 4
.#,%##4 #4 #( 4 ,4 &)%(4 ,%4 +.()3 4 #4 +,.34 +%4
%.#4 (.4 &3+ 4 .#-%##4 "#, 4 -4 /, ,34 #4
#( 4 -4-(4+.(*34
-.+4 2"##4 -4 %#+'.#+4 %4 0,#4 %(4 %#-4

*& "#,4/4 +%4%.#4(.-%#+4#4'. ,34%4!4-#4%(4
*4 +4 ++%,4 0-4 2&*#4 %4 &#4 &%++ 34 #4 ,%4
+.+,#-!4 ",,%#4%4%,4%.+% 4#4)(,%#!4-/,+
4
,#4 %)4 )4 +4 !+%4 ++%,4 0,4 #) 34 &%%()4 &3+!4
.#-%##4 "&)4 #( 4 !,4 &*&-%#4 (.4 /, ,34
#4 (.4 "% ,34 +% 4 .#-%#4 #4 "%-%# 4 #4 "#, 4
0 #4

I
":=.I 1.9.>'77HI F'3C391I /:=I 2.'6C2I *'=.I *'9I >.AD7CI 39I .GC.9,.,I
.G;.=3.9*.I:/I;'39I'9,I.GC.9,.,I*:9AD8;C4:9I:/I8.,3*39.AI/:=I;'49I
=.73./I =.,D*C3:9AI 49I8.9C'7I F.77 ).391I 7:ACI ;=:,D*C3E3CHI 'CI F:=5I
=.,D*.,I .91'1.8.9CI 'CI 7.3AD>.I '9,I 9.1'C4E.I 38;'*CAI:9I ;.=A:9'6I
=.7'C4:9A24;A
I$2.I*:9A.<D.9*.AI:/IC2.A.I*'9I).IA4193/4*'9CI49IC.>8AI
:/I=.,D*.,I<D'73CHI :/I 74/.I :=I.G'8;7.I 39,4E4,D'7AI 8'HI .91'1.I39I
/.F.=I ;.>A:9'6I '*C4E3C3.AI 49*7D,391I F4C2I />4.9,AI )DCI '6A:I F4C2I
*247,=.9I 1='9,*237,=.9I A;:DA.AI '9,I :C2.=I /'846HI 8.8).=AI %2.HI
8'HI'7A:I).I 7.AAI')7.IC:I C='E.7IC:IA..I/=4.9,AI'9,I/'836HI:=I=.*.4E.I
C2.8I'AI1D.ACA
I#:8.I8'HI.E.9I/'*.I=.AC=3*C.,I8:)464CHI49IC2.3=I:F9I
2:8.AI,D.IC:IC2.I9..,IC:I9.1:C3'C.IAC'3=AI/:=I.G'8;7. I 9,3E3,D'7AI
8'HI'7A:I).*:8.I8:=.I=.74'9CI:9I:C2.=AI):C2I/:=I1.9.='6I'*C4E4C4.AI
'AIF.67I'AI ;.=A:9'7I8'CC.=AIAD*2I'AI)'C2491I&'*'C3:9AI8'HI'7A:I).I
;DCI ://I :=I /:>.1:9.I .9C3>.7HI .4C2.>I 49I =.A;:9A.I C:I C2.I D9C=.'C.,I
8.,4*'7I*:9,3C4:9I'9,I;:AA3)7HI1=.'C.=I=3A5I:/IC='E.6I:=I39I=.A;:9A.I
C:I C2.I D9*.=C'39I 9'CD=.I :/I F'4C391I F2.=.I AD=14*'7I )::5391AI 8'HI
AD,,.97HI ).*:8.I 'E'37')7.I :=I ).I *'9*.77.,I %2.I A3194/3*'9CI
.8:C4:9'6I '9,I 8.9C'7I 48;'*CAI />:8I AD*2I >.,D*.,I '*C4E3CHI '9,I
.91'1.8.9CI 39*=.'A.,I 7:9.749.AAI '9,I 39*=.'A.,I ,.;.9,.9*.I :9I
:C2.=AI 8'HI '7A:I ).I '**:8;'94.,I )HI /=DAC='C4:9I /..7391AI :/I
2.6;7.AA9.AAI'9,I,.;=.AA3:9
I
67I:/IC23AI8'HI'7A:I9.1'C3E.6HI'/0.*CI/=3.9,AI'9,I/'846HI8.8).>AIF2:I
8DACI .9,D=.I C2.I 38;'*CAI :9I ;.=A:9'7I =.7'C3:9A23;AI .9,D=.I '9HI
AC=.AAI /=:8I F:>=HI :9I C2.3=I ;'=CI '9,I ;=:E3,.I AD;;:=CI /:=I '9,I
'AA3AC'9*.IC:IC2.I49,4E4,D'7IF'4C391I
IIAD=E.HI:9I'**.AAIC:I2.'7C2I*'=.I)HI#C'C3AC4*AI'9','I;=:E4,.AI
A:8.I39A312CI39C:IC2.I;=.E'7.9*.I:/IC2.A.I*:9A.<D.9*.AI:/IF'3C391I
'8:91I '9',3'9AI !9I C2'CI AD=E.HI I :/I C2:A.I F2:I F'4C.,I /:>I
B;.*4(74BCIE3B4CBI I :/IC2:B.IF2:IF(4C.-I/:=I-4(19:AC3+IC.BCBI(9-I
I :/I C2:A.I F2:I F'4C.,I /:=I 9:9I .8.>1.9*HI AD>1.>HI /.7CI C2.3=I
F'3C391I C38.I F'AI D9'**.;C')6.I 7.E.9I ;.>*.9CI :/I C2:A.I F2:I
=.*.3E.,I9:9I.8.=1.9*HIAD>1.>4.AI=.;:=C.,IC2.I F'4CI'//.*C.,IC2.3>I
74/.I I :/I F2:8I >.;:>C.,I F:=>HI '9G4.CHI '9,I AC=.ABI I
.G;.=3.9*.,I;'39I '9,I I .G;.>4.9*.,I ;=:)7.8AI F4C2I '*C4E4C3.AI :/I
,'37HI 74E491I%F.7E.I;.=*.9CI:/I C2:A.I F2:I =.*.3E.,I,3'19:AC3*IC.ACAI
=.;:@.,IC2.IF'3CI'//.*C.,IC2.4>I74/.II:/IF2:8I=.;:=C.,IF:==HI
'9G4.CHI'9,IAC>.AAII.G;.=4.9*.,I;'39I'9,II=.;:=C.,IF:>>HI
'9G4.CHI '9,IAC=.AAI/:=I/'846HI'9,I/?4.9,AI 49'77HII:/IC2:A.IF2:I
E3A3C.,IA;.*3'73ACAI=.;:>C.,IC2.IF'3CI'//.*C.,IC2.4=I64/.II:/IF2:8I
=.;:>C.,IF:==HI'9G4.CHI'9,IAC=.AAII.G;.=3.9*.,I;'49I'9,II
>.;:=C.,I;=:)7.8AIF3C2I'*C4E4C4.AI:/I,'37HI73E391
I
%:IC2.I.GC.9CIC2.A.I=.,D*C4:9AI39I1.9.='7I2.'6C2I'9,IF.77).391I*:8.I
C:F'>,AIC2.I.9,I:/I73/.I:=I 39IC2.I;>.A.9*.I:/I'IC.=849'7I*:9,4C4:9I

dNGklZ?klaGEgBGldNGlh?WgGl]Il?lZgBNlMaG?dGal_]adP]\l]IlaGZ?Q\P\Ml
XQIGldN?\ldNGkli]gWElI]alk]g\MGalQ\EPhPEg?Wbl9\ldNGl]dNGalN?\Eld]l
dNGl GjdG\dl dNGbGl aGEgBdQ]\bl QZ_?Bdl GEgB?dP]\?Wl ]al i]aVl
_GaI]aZ?\CGldNGklZ?klN?hGl?l_GaZ?\G\dlQZ_?Bdl]\lIgdgaGlG?a\Q\Mbl
?\El?BNQGhGZG\dl
0j`Hael;H`âel^Jl8@FHH[l1c[@RY lF@eHFl6@aDOl#l l``l!%l
,l =NGaGbl?l\gZAGal]KlEQKIGaG\dlZG?bgaGbldN?dl?aGlgbGEld]lZG?bgaGl
dNGlIg\BdQ]\l_?Q\l?\ElEQb?APXQdkl]IldNGl_?dPG\dbl,\ElA?bGEl]\ldNGbGl
h?aQ]gblEPKKGaG\dlZG?bgaGbl ?\EldNGklE]\dl?Wi?kbl?XQM\lAGdiGG\l
bdgEPGblAgdlG?BNl]KldNGlbdgEQGbldN?dl4hGlBQdGEldNGaGlEQElbN]ildN?dl
dNGaGl i?bl ?l aGW?dP]\bNQ_l AGdiGG\l EGW?kl ?\El _]dG\dP?Wl
EGdGaQ]a?dP]\blQ\lbd?dgb
l?\ElQ\lb]ZGlB?bGbld]ldNGlGjdG\dldN?dlQ\QdQ?Xl
bd?dgbl ?dl dNGl dSZGl ]Il bgaMGakl Qbl aGX?dGEl d]l dNGl ]gdB]ZGl dNGbGl
EGdGaQ]a?dQ]\blB?\ldNG\l?IKGBdldNGl]gdB]ZGlIa]ZldNGlbgaMGakl<]l?l
EGW?kl ZQMNdl \]dl ]\Wkl ?KIGBdl k]gal _?Q\l ?\El k]gal Ig\BdP]\l iNPWGl
k]gaGl i?PdQ\Ml ?\ElQdlZPMNdlMGdli]abG(l dNGl ]gdB]ZGl _]bd bgaMGakl
ZQMNdl\]ilAGli]abGlAGB?gbGlk]gliGaG\dldaG?dGElG?aXklG\]gMNlP\l
dNGlEGMG\Ga?dShGl_a]BGbbl
:l 7al2bZ@lQTlQIlk]gXXldga\ld]l`?MGl"l]Klk]galaG_]adlk]gWWlbGGldNGaGbl
?l"lbgahGklIa]Zl<d?dQbdQBbl.?\?E?ldN?dlk]glaGKGald]l
,l 7ZZ NZZl
:l ,\El4lUgbdli?\dld]lAGlBXG?al?A]gdliN?dlk]glb?kldN?dlPdbl k]glb?k'l
3XGhG\l _GaBG\dl ]Il dN]bGl iN]l aGBGQhGl \]\GZGaMG\Bkl

bgaMGaPGblaG_]adGEl?li?QdlePZGl?KLGBdGEldNGPalXQIGll
/]GbldN?dlZG?\ldN?dl$&l_GaBG\dlaG_]adGEldN?dlQdlEPEl\]dl?IIGBdldNGQal
XQIG+l9alN]ilE]GbldNGlbgahGkli]aV+l
,l 5ElN?hGld]laGhQGildNGlbgahGkld]]Xlb_GBQIQB?XXkld]l EGdGaZQ\GliN?dl
dNGl]dNGal$&l_GaBG\dlN?Elb?QEl
:l ,XWlaQMNdl -gdl?IfGaldN?dl b]liNG\liGlbGGldNGl\Gjdl_?adl &l_GaBG\dl

]IliN]Z
ldN?dbl &l_GaBG\dl]IldNGll_GaBG\d)lPbldN?dlaQMNd+l
,l >Gbl
:l ,WWlaQMNdl,\EldN?dbldagGl]IldNGlaGbdl]IldNGl_GaBG\d?MGbldN?dlK]WW]il
P\ldNGl_?a?Ma?_N*lPbldN?dlaQMNd+l

J (/@J ;J A2/J ;/GAJ @/;A/;-/J 3A@J J =/>-/;AJ <0J A2<@/J F2<J ?/-/4E/J
.4)1;<@A3-JA/@A@J?/=<?A/.JA2/JF)4AJ)00/-A/.JA2/4>J740/J);.JA2/;JA2/J
=?<=<>A4<;J<0JA2)AJJ=/>-/;AJ;.J)1)3;JJ=/?-/;AJ<0JA2<@/JF2<J
E3@3AJ @=/-3)73@A@J >/=<>A/.JA2/JF*3AJ*00/-A/.JA2/3?J830/J );.JA2/;JA2/J
=><=<?A3<;J <0J A2)AJ J =/>-/;AJ A2)AJ >/=<?A/.J A2<@/J <A2/?J
-2)>)-A/?3@A3-@ J
!J <FJ .<J A2/@/J ;C:+/>@J A2)AJ H<CJ >/=<?AJ 2/?/J .<J A2/HJ -<:/J
@A>)312AJ<CAJ<0JA2/J#A)A4@A3-@J);).)J J?/=<?AJ<>J2)E/JH<CJ.<;/J
@<:/J0C>A2/>J-*8-C7)A3<;J
J $2)A@J.3>/-A7HJ0><:JA2/J#A)A4@A3-@J);).)J?/=<>AJ
%"'%$(+*++$(!&++ +$++ "'++)#+$++ "'+

+

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

"&,
#,$&"#%&+
;J JA2/J<C>;)8J<0J84;3-)8J >A2<=)/.3-@J);.J"/8*A/.J"/@/)?-2

=C+83@2/.J A2/J >/@C7A@J <0J )J -73;3-)8J @AC.HJ 3;JF23-2J J /;1)1/.J F4A2
<A2/?J<?A2<=)/.3-J@C?1/<;@J)AJA2/J&;3E/?@3AHJ<0J?3A4@2J<8C:,4)J)@
F/87J)@J?/@/)?-2/>@J0><:JA2/J /;A>/J 0<>J83;3-)8J =3./:4<8<1HJ);.
E)7C)A3<;J)AJ &J);.JA2/J>B2>4A3@J"/@/)?-2J/;A?/J<0J);).)
J ;
A23@J @AC.HJ F23-2J F)@J C;./>A)5/;J 0><:J J A<J J F/
=?<@=/-A3E/7HJ)@@/@@/.J J=)A4/;A@J F3A2J <@A/<)>A2?4A4@JF2<J F/?/
<;JA2/JF)3A3;1J74@AJ0<>JA<A)7J24=J)>A2><=7)@A3/@J $2/HJF/?/J)@@/@@/.
)AJA2/J=>/<=/?)A3E/J@C>13-)7J-<;@C8A)A3<;J);.JA2/;J<;/JH/)?J=<@AI
<=/?)A3E/8H
'/J 0<C;.J A2)AJ A2/J <..@J <0J )-24/E4;1J )J ,/AA/?J A2);J /G=/-A/.
=<@A<=/>)A4E/J0C;-A4<;)8J<CA-<:/J./->/)@/.J+HJJ0<?J/)-2J:<;A2
<;J A2/J F)3A3;1J 84@AJ ')3A3;1J 8<;1/>J A2);J @4GJ :<;A2@J 0<>J @C?1/>H
>/@C7A/.J3;J)J J./->/)@/J3;JA2/J<..@J<0J)-23/E4;1J)J+/AA/>JA2);
/G=/-A/.J <DA-<:/J '/J-<;-9C./.JA2)AJ =?<8<;1/.JF)3A3;1JA3:/@
:)HJ 3:=*3>J =)A4/;AJ <CA-<:/@J %23@J >/@C8AJ :)6/@J @/;@/J 0><:J )
:/.3-)8J);.J=2H@3<8<14-)8J=/>@=/-A4E/J+/-)C@/JA2/J)?B2?4A4-J=?<-/@@

®
]x®u>g®h^y®u>«®Km®]x® u DnL®>W«® ^ K®Dz>E¡K®

>yG®HLK_>`x®Q®XK®UKxL>n®vKH^D?o®DxG^_x®Y?®u>«®y®BK®
KD¥K?CnK® >RL® UK¬® ^x® YK® K¥Ky® S® V^D>p® HKp>«® ®
:X^® G«® X?® CKLx® LQLLG® ® ^x® ZK® +©L® 7K® Q®
YK® K©K®§^xKK®]{® Za®DKKG^yU"® *® 2>x® 9 XKm?xH®
K©K®§^xK®T®ZK®*MTLxG>x®>xH®*>x®3MnK®KªK®§^xL®
S® ZK® 5n>^x^QQ® 'X® K©K® KRL® ® X^® H«® >® ¥]HbxU®
K¥^GKxDK® Y>® §>^]{U® R® ¢VK«® D>y® £|GKu_yK®?^Lx® WK>pW®
E>K® DuK®>xG®K n®]z®?®HKFp`xK®^x®ZK>oY®
&® ¢K® E«® Q® X^® G«® ^® >>EXKH® ?® ,©X_B]® '® ® W^® u«
&QQ]H?¥a
/x® u«® ^x^x® [K® ExEr cx® ^x® \^® ¡I«® Kw>dx® ¥>q]H® >yG
>}H®B«®XMw
'!'4',-!-0-4(4$- 4,+ 4+("-
! 0x®

® 1® §>® YK® ^v>«® G]LF® R® >® K¥]K§® hLD
xLG® B¬® XK® (>}>G^?x® /y]K® R® -L>nY® 8KK>DX® ;Y^
N® Q® WL®hKF® ¨>® ® xGK>yH® ZK®D£Kz® K>nb¬® T
¨>e^xU®Q®?n®W^®>xG®kzKK®Kn>DKuKy®ZK®DyKKyEK®Q
¢DX®§?^^yU®>xH®Kyf>r®q¢]y® <WMK® §ML® [LK®X?L®
[K®6iMF®>®Rno§#
> 5X>L® ® ® D^]E>mm«® >>^K® ZM® >¥>^n>CnK

s^M>K® KV?I]xU® CKxD\u>k® >xG® _]f>`y
n®W>®X>¥L®BLMx®GK¥KnKG®@¢xG®XK®§mH$
B 5W?K®® ®>K®ZK®K>n^«®S®YK®§>^®n^®>D
)>x>G> ® >yH® HKKu^xL® §Y>® ]x^^>]¥K®W?¥K®BKLx
£LI® ® û¥K® AFFM® ® E?L® d{® \K® ¦@^¤
j ^HaE^x%
D 5X>K®® ®GK]Uz®@KVcK®®au¥M®>DDK®
F>K® >zG® uy_® WKL® KSSKD® Y¤UW® ^^«
>K?®T®KK>FW®>yH®K¥^GKxDK®B>KG® H^K
:X^®gLD®K pKH®]{®XKK®K® §X_DZ®>K®H]D£NG®BKm§

;XKK® K® §KK® Bn^ZKG® x® WO® ¨KB^K® Q® ZK® (>x>J^>y
/y^ K® Q® .K?m[® 7KK>EX® AxH® ® [K® CM® T® u«® l~§pLHVP
§KK®Z?KH®§^Z®ZL®'(®4^x_«®Q® .M>tZ®>xG®ZK®>aD^>y
^z®ZK®')®Bm^D®ZL>nY®E>K®«Ku
4 +!(+!-34+!-+!4(+4!)4'4'4)$&'- 4

+,,!'4$-
+1!4 =>f® &,4 )(+-4 4 !-+-0+4 1!24 !-!'
(',*0',4®' &+#,4(+4(!'.4)$&'/40%344

G

!,-=G '98<>G %87=-=>'&G 8)G #G %;->-%#3G ;'A-'BG 8*G >,'G 6'&-%#3G #7&
=%-'7>-)-%G 3->';#>@;'G 87G >,'G -69#%>=G 8*G B#->-7+G 87G ,'#4>,G %#;'
8@>%86'=G)8;G9#>-'7>=G#=GB'33G#=G>,'G-69#%>=G8)GB#->-7+G)8;G,-9G#7&
27''G;'93#%'6'7>=G=9'%-*-%#34EG#7&G6'>,8&=G)8;G>,'G&'A'4896'7>
8)G9;-8;->-'=G)8;G,-9G#7&G27''G;'94#%'6'7>G=@;+';-'=
"->,G ;'=9'%>G >,'G -69#%>=G 8)G B#->-7+G 87G 9#>-'7>=G +'7';#43EG >,'
8A';#33G 'A-&'7%'G =,8B'&G >,#>G >,';'G #;'G &'3'>';-8@=G ')*'%>=G *8;
9#>-'7>=G B,'7G >,'EG B#->G #G 387+G >-6'G )8;G =9'%-#3-=>G #=='==6'7>
#7&8;G >;'#>6'7>G =@%,G #=G -7%;'#='&G 68;$-&->EG 9,E=-%#4G &'%4-7'
)@7%>-87#3G&-=#$-3->EG#7&G7'+#>-A'G9=E%,838+-%#4G#7&G=8%-#3G-69#%>=
-7%3@&-7+G9;8387+'&G=-%2G3'#A'G8;G38==G8)G'6948E6'7>G #7&G#3>';'&
=8%-#3G*@7%>-87-7+G#7&G;'3#>-87=,-9=

"->,G;'=9'%>G>8G='>>-7+G9;-8;->-'=GB'G%87%4@&'&G>,#>G>,';'G=,8@3&
$'G 8$0'%>-A'G %;->';-#G )8;G 9;-8;->-F-7+G 9#>-'7>=G B,-%,G >#2'G -7>8
#%%8@7>G 78>G 873EG %3-7-%#4G %87=':@'7%'=G 8)G &'4#EG B,-%,G 6#E
%869;86.='G9#>-'7>G=#)'>EG8;G;'=@4>G-7G=';-8@=G&'%3-7'G8;G&-='#='
9;8+;'==-87G$@>G#3=8G>#2'G-7>8G#%%8@7>G:@#3->EG8)G3-)'G%8=>=G=@%,G#=
9#-7G#7&G=@*)';-7+G6'7>#4G#7+@-=,G;'&@%'&G9;8&@%>-A->EG#7&G=>;'==
87G9';=87#4G;'3#>-87=,-9=
"'G >,'7G ;'A-'B'&G >,'G =%-'7>-*-%G 'A-&'7%'G B->,G ;'=9'%>G >8G >,'
%87=':@'7%'=G )8;G B#->-7+G *8;G ,-9G #7&G 27''G ;'93#%'6'7>
9;8%'&@;'=G ",-3'G$8>,G9;8%'&@;'=G,#A'G>,'G%#9#$-3->EG>8G9;8A-&'
A';EG+88&G=,8;>>';6G#7&G387+>';6G8@>%86'=G>,'G'A-&'7%'G=,8B=
>,#>GB#->-7+G68;'G>,#7G=-CG687>,=G#;'G#==8%-#>'&GB->,G=-+7-*-%#7>
&'%4-7'=G-7G=@;+-%#3G8@>%86'=G#=GB'34G#=G9;8387+'&G&-=%86*8<>G#7&
&-=#$-3->EG *8;G >,'G 9#>-'7>=
G )?';G ;'A-'B-7+G >,'G #C-6#44E
%%'9>#$3'G"#->G!-6'=G;'%866'7&'&G$EGA#;-8@=G6'&-%#3G+;8@9=G#=
B'33G #=G -7>';7#>-87#44EG B'G %87%4@&'&G >,#>G #D/6#44EG %%'9>#$5(
"#->G!-6'=G)8;G6#08;G08-7>G ;'94#%'6'7>G #;'G 87'G687>,G *8;G >,'
68=>G @;+'7>G%#='=G >,;''G687>,=G)8;G>,'G7'C>G 68=>G @;+'7>G %#='=
#7&G )-A'G >8G =-CG 687>,=G )8;G #34G 8>,';G %#='= G =G 68=>G 18-7>
;'94#%'6'7>G %#='=G #;'G *#-;3EG @;+'7>G $EG >,'G >-6'G >,'EG %86'G >8
=@;+-%#4G %87=@3>#>-87G B'G %87%3@&'&G >,#>G #G $'7%,6#;2G 8)G >,;''
687>,=G *8;G >,'G >E9-%#4G @;+'7>G 18-7>G ;'93#%'6'7>G %#7&-&#>'G -=
#99;89;-#>'

G>;@'G%89EG8)G '98;>GG ->';#>@;'G 'A-'B "#->-7+G87=':@'7%'=
#7&G'7%,6#;2=G)8;G8-7>G '94#%'6'7>=G-=G#>>#%,'&G#=GC,-$->G
>8G>,-=G6EG)*-&#A->
7G 6EG89-7-87G >,'G %87%3@=-87=G -7G >,-=G '98;>G ;'6#-7GA#4-&G #7&G

=>#7&G$EG>,'6

0YN?PT\5?NMRT\M@\/Q\2;SRE\>;T?>\/?=?K<?Q\\#\
4\ ,L>\TCES\DSSV?\M@\N;TE?LTS\XCM\;Q?\XMRS?\M@A\<?@MQ?\SVRB?RZ \LMT\[
STDII\<?ELB\XMQS?\M@@\;@T?R\SVRB?RZ \XC;T\>M?S\TC;T\EL>D=;T?\TM\ZMV\DL\
T?RKS\M@\TQ?;TK?LT\;L>\TEKELB\M@\TR?;TK?LT+\
,\ 6M\ TC;T\E@\ZMVR?\<?TT?R\<?@MR?\SVRB?QZ \ ZMVQ?\BMDLB\TM\ <?\<?TT?R\

;@T?Q\ SVRB?QZ \ ;L>\ E@\ ZMVR?\ XMRS?\ <?@MR?\ SVRB?RZ \ ZMVR?\ XMRS?\
;@T?R\ SVQB?RZ\ 6M\ TC?MQ?TE=;IIZ\ F@\ ZMVR?\ B?TTELB\ XMRS?\ ;S\ ZMVR?\
X;DTELB \TC?L\ZMVR\MVT=MK?\;@T?QX;R>S\ES\BMELB\TM\<?\XMRS?\6M\E@\
ZMV\=CMMS?\TM\;R<DTR;QEIZ\T;H?\SMK?<M>Z\XCM\ES\Q?;>Z\@MR\SVQB?QZ\
;L>\ S;Z\ 1\ TCDLH\ ZMV\ SCMVI>\ X;ET\ ;\ Z?;R \ ;L>\ TC?ZQ?\ BMDLB\ TM\
>?T?QDMR;T?\MW?Q\TC;T\Z?;Q \TC?L\TC?EQ\MVT=MK?\XDII\<?\XMQS?\3MX\
TC;T\STV>Z\DSLT\>?SEBL?>\ TM\ K?;SVR?\TCDS(\ DTS\SEKNIZ\>?SEBL?>\TM\
K?;SVR?\XC?TC?Q\TC?\X;ET \ XC;T?W?R\TC?Z\X;DT?> \ C;S\;L\EKN;=T\
ML\TC?EQ\<?TT?QTC;L?YN?=T?>\XMRS?TC;L?YN?=T?>\MVT=MK?\
7R;LS=RENT\/;Z\%$\ -NRDJ\ \%

\N;B?\"#\IDL?S\!!\
4\ 8C?L\ZMV\BM\ML\TM\S;Z'\
,=HLMXI?>BELB\ TC;T\ TC?\ ?YN?QE?L=?\ M@\ X;ETELB\ @MQ\

NQM=?>VR?S\ SV=C\ ;S\ GMELT\ R?NI;=?K?LT\ <Z\ ETS?I@\
=MLTRE<VT?S\TM\SV@@?QDLB\;L>\IMX?R\OV;IETZ\M@\IE@?\
,L>\XC;T\>M\ZMV\K?;L\<Z\TC;T+\
,\ 6M\GVST\HLMXDLB\TC;T\ZMV\C;W?\;\NQM<I?K\TC;T\ZMV\=;LT\TQ?;T\ TC;U\
ZMV\=;L\TR?;T\<VT\ZMV\=;LT\B?T\ET\TQ?;T?>\<?=;VS?\ZMV\C;W?\TM\X;DT\
ES\ >?TQEK?LT;I\ TM\ TC?\ N;TE?LTS\ NCZSE=;IIZ\ ;L>\ NSZ=CMIMBE=;IIZ\
9C?ZR?\STEII\X;ETELB\DL\N;EL\9C?\IMLB?Q\ZMV\X;DT\EL\N;DL\TC?\KMR?\
ZMVR?\EL\N;EL\6M\XCEI?\ZMV\=;L\;RBV?\X;ETELB\>M?S\LMT\XMQS?L\ZMVR\
N;EL\S=MR?S \TC?R?S\IMTS\M@\N;N?RS\TC;T\SCMX\ZMV\D@\ZMV\X;DT \ZMV\
>MLT\ R?;IIZ\L?=?SS;REIZ\ ZMVR\ S=MR?S\ >MLT\ =C;LB?\ ,L>\ X?\ =;L\
;RBV?\ MW?R\TC?\ =?EIELB\?@@?=TS\;L>\ CMX\ <;>\;Q?\ ZMV\ ;L>\ =;L\ ZMV\
K?;SVR?\DT \=;L\ZMV\LMT\K?;SVR?\DT\.VT\?W?L\K;H?\ I?TS\K;H?\TC?\
;RBVK?LT\TC;T\ZMV\TRVIZ\;R?\LMT\XMQS?LDLB\XCDI?\ZMVR?\X;ETELB\@MR\
SVQB?RZ\<VT\ZMVR?\STEII\DL\N;EL\@MQ\IMLB?R\6M\ETS\LMT\GVST\TC?\;KMVLT\
M@\ N;EL\ TC;T\ ZMV\ C;W?\ ;T\ TC?\ <?BDLLELB\ ;L>\ ;T\ TC?\ ?L>)\ DTS\ TC?\
;KMVLT\M@\ N;EL\;L>\SV@@?RELB\TC;T\ZMV\?L>VR?\@MR\;\IMLB?R\N?QDM>\
M@\TEK?\ .?=;VS?\ML?\KEBCT\;QBV?\MH;Z \ZMVQ\N;DL\>M?SLT\=C;LB?\
@RMK\NMELT\,\TM\NMELT\.*\I?TS\S?T\;\<?L=CK;QH\;T\&\KMLTCS\<?=;VS?\
ZMVR?\LMT\BMELB\TM\=C;LB? \;LZX;ZS\ :CZ\LMT\>M\DT\;T\&\KMLTCS\

4Q^ [D]^PQX^?Q^:X^ ÔQPXDW^5D@^KQPC@U^]QY^W@X^ XD@^XEO@^BV:O@^

XD@^L@WWÔQP@]^]QY^D:Z@^XQ^WS@P?^ XD@ÔQV@^WYUC@U]^]QY^D:Z@^XQ^
?Q^ &YX^XD@^S:XE@PXÊW^WYAB@UEPC^BQV^LQPC@V^PQXÔQV@^:X^XD@^XEO@^QA^
WYVC@U]^
5+)^'1735^ 4Q^ ?YU:XEQP^ QA^ S:EP^ PQX^ P@<@WW:UEK]^ EPX@PWEX]^ <:P^ D:Z@^
D@:KXD^@AA@<XW ^
5+)^8,50)44^ $;WQKYX@M]^8DQ^[QYM?^[:PX^XQ^;@^FP^S:GPÂQU^LQPC@U!^
5+)^'1735^ 8@KK^ ]@:D^ ;YX^ O]^ TY@WXFQP^ [:W^ ?EAA@V@PX^ 5D@U@^ <:P^ ;@^
D@:KXD^@AB@<XWÂUQO^ ÔQPXDW^QA^S:EP^<QOS:V@?^XQ^WE\ÔQPXDW^QB^
S:EP"^
5+)^8-50)44^ 5D@^D@:KXD^@BA@<XW^
5+)^'1735^ 5D@^W:O@ÊPX@PWEX]#^
5+)^8-50)44^ 5D@^D@:KXD^ @AA@<XW^:U@^XD@^S:GPÎYWX^ B@@LFPC^XD@^S:EP^ :P?^

SQX@PXE:LK]^D:ZEPC^XQ^X:J@Ô@?E<:XEQPW^XD:X^ <:P^;@^D:VOBYK^ .@XW^
W:]^ ]QY^ X:J@^ :PXFFPAL:OO:XQVF@W^ 9QY^ @P?^ YS^ [EXD^ :^ *-^ ;K@@?^
5D:XW^:^P@C:XEZ@^D@:KXD^<QPW@TY@P<@^
5+)^'1735^ 3FCDX^
5+)^8-50)44^ 1UÊA^]QY^X:J@^P:V<QXF<W^-?@:KL]^S@QSL@^WDQYK?PX^;@^X:JEPC^

P:V<QXF<W^-B^]QY^X:J@^P:U<QXE<W^ PQ[^]QY^<:PX^C@X^QAA^XD@O^
5+)^'1735^ 8@KL^:X^WE\ÔQPXDW^XD@]^<QO@^
O:]^<QO@^;:<J^XQ^]QY^$X^
XD:X^SQEPX^]QY^CEZ@^XD@OÔ@?F<:XFQP^[DE<D^XD@]^?E?PX^D:Z@ÊP^XD@^
AFUWX^WF\ÔQPXDW^
5+)^8-50)44 ^ 1V^XD@]^C@X^XD@O^QZ@U^XD@^>QYPX@U^QU^XD@EVÂ:OEK]^?Q<XQU^<:P^
CFZ@^XD@O^XQ^XD@O^
6V:PW=UFSX^(:]^
%SVHL^^
S:C@^^LFP@^^XR^S:C@^^NFP@^

' !" ' !' !' !
# !&' ' ' ' $!' %! ' ' ' !
# !&'' '" '" '' '" '
'!'" !&'' ' ' '"! ' ' !!
! !' $'' #
/@?E<:L^)ZE?@P<@ÂQU^+:UO^':YW@?^XQ^2:XE@PXW^

P
1OP*0:J:C8P7DGP$54:20?P&5GL:25IP
(95PB54:20@P?:J5G0JKH5PI9DMIP J90JP :CP85C5G0@P E0J:5CJIP M:J9P?DC85GP M0:JP

J:B5IP7DGPIKG85HOP5NE5H:5C25PMDGI5PDKJ2DB5IP7D??DM:C8PJ95PEGD254KH5P DGP
5N0BE?5P DKJ2DB5IP7D??DM:C8P?KB10HPIE:C5PIKG85GOP7DGP4:I2P95GC:0J:DCP+/P
0C4P4585C5H0J:L5P4:I50I5P ,-PB50IKH54P0IP E5GI:IJ5CJP DGP :CJH02J01?5PE0:CP
0C4P ?DIIP D7P 7KC2J:DCP 0H5P MDGI5P :CP E0J:5CJIP M0:J:C8P @DC85GP 7DGP IKH85GOP
%0J:5CJIPM0:J:C8P7DGP9:EPG5E?025B5CJPIKH85GOP5NE5G:5C25P0CPP452?:C5P:CP
7KC2J:DC0@P DKJ2DB5P 7DHP 5L5HOP BDCJ9P J95OP M0:JP 0C4P M0:J:C8P P BDCJ9IP
G54K25IPJ95PD44IPD7P029:5L:C8P0CP:450@PDKJ2DB5P1OPP,-P #DC85GPM0:JIP
7DGP 9:EP G5E@025B5CJP IKG85GOP P BDCJ9IP 0H50IID2:0J54P M:J9P G54K254P
FK0?:JOPD7P@:75P0C4PBD1:@:JOPEDIJDE5G0J:L5?OP,-PI:8C:7:20CJP:C2G50I5IP:CPE0:CP
0C4PE9OI:20?P4:I01:?:JOP,'-PI:8C:7:20CJP452?:C5IP:CPEDIJDE5G0J:L5P7KC2J:DCP,/P
0C4PMDGI5PDKJ2DB5IPPBDCJ9IP07J5GPJ95PIKG85GOP+-P *0:J:C8PJ:B5P90IP0P
IJ0J:IJ:20??OPI:8C:7:20CJPC580J:L5P:BE02JPDCP950?J9P80:CIP7GDBP9:EP0C4P=C55P
G5E?025B5CJP IKH85GOP +.P %0J:5CJIP M0:J:C8P ?DC85HP 7DGP 2DGDC0GOP 0HJ5HOP
1OE0IIPIKG85GOP0H5PBDG5P ?:>5?OPJDP4:5P ,- P %0J:5CJIP M0:J:C8P @DC85GP7DGP
G04:20?P2OIJ52JDBOP7DGP1?0445GP20C25GP90L5P0P?DM5GPIKGL:L0?PG0J5P0C4PJ9:IP:IP
E0GJ:2K?0H@OPJGK5P7DGPE0J:5CJIPM:J9PB:C:B0??OP:CL0I:L5P EDJ5CJ:0??OP2KG01@5P
4;I50I5P,-P4D@5I25CJIPM:J9P:4:DE0J9:2PI2D?:DI:IPM0:J:C8PADC85HPJ:B5IP7DGP
2DGH52J:L5PIKG85GOP90L5P0PJ5C
7D?4P8G50J5GPC554P7DHPG5E50JPIKG85GOP1520KI5P
J95PIE:C0?P2KHL0JKH5PMDGI5C54PM9:?5PM0:J:C8P,-P
$54:20?PL:45C25P7DHP%GD8G5II:DCPD7P:I50I5P
*9:?5P*0:J:C8P7DGP$54:20@P&5GL:25IP
!CP044:J:DCPJDPEDDH5GPDKJ2DB5IP20KI54P1OPM0:J:C8P7DGPB54:20@@OPC525II0GOP
I5GL:25IP90GBP:IP0@IDP20KI54PJDPE0J:5CJIPM95CPJ95:GP4:I50I5PMDGI5CIPM9:?5P
M0:J:C8P PD7PE0J:5CJIPM0<J:C8P7DGP0DGJ:2PL0?L5P H5E@025B5CJP4:5PM9:?5P
M0:J:C8PPM:J9PCDPM0GC:C8P+-P*0:J:C8PJ:B5P:IPH5@0J54PJDPBDGJ0?:JOP7DHP
E0J:5CJIPG5FK:G:C8P2DGDC0GOP1OE0IIPIKG85HOP)95PG:I>PD7P450J9PM9:?5PM0:J:C8P
:C2G50I5IPP5029PBDCJ9P15ODC4PJ95PP40OPB54:0CPM0:JPJ:B5P0C4PPD7P
E0J:5CJIP DCP J95P M0:J?:IJP 4:5P 167DG5P J95P EGD254KH5P +/P "CP 044:J:DCP JDP
:C2G50I54P BDGJ0@:JOP M9:?5P M0:J:C8P 7DGP 2DGDC0GOP 0GJ5HOP 1OE0IIP BDH1:4:JOP
0?IDP:C2H50I5IP %0J:5CJIPM0:J:C8P7DGP2DGDC0GOP1OE0IIPIKG85GOP90L5PH54K254P
E9OI:20@P7KC2J:DC:C8PL:J0?:JOPID2:0@P7KC2J:DC:C8P0C4P85C5G0?P950?J9PEG:DGPJDP
J95PEHD254KG5P 0C4P452H50I54PE9OI:20?P7KC2J:DC:C8P L:J0?:JO P B5CJ0@P950@J9P
0C4P85C5H0?P950@J9PI:NPBDCJ9IP07J5GPJ95PEGD254KG5P ,-P)9DI5PM9DPM0:JP
?DC85GP0G5P?5IIP?:>5?OPJDPH5JKGCPJDPMDG>P0C4P0G5P0JP:C2G50I54PG:I>P7DHPIJGD>5P
0C4PBOD20G4:0?P:C70G3J:DCP %0J:5CJIPM0:J:C8P7DHP>C55PG5E?025B5CJPIKG85GOP
90L5P:C2G50I54PE0:CPG54K254P7KC2J:DCP0C4P?DM5GP950?J9PG5?0J54PFK0?:JOPD7P
?:75PM9:?5PM0:J:C8P7DGPIKH85GOP+-P*0:J:C8P7DGP80??P1?0445HPIKG85GOPMDGI5CIP
J95P 4:I50I5P 0C4P :C2H50I5IP J95P G:I>P D7P 2DBE?:20J:DCIP G5FK:G:C8P KH85CJP

Z
H;:@96DZ 6SS;IS@KIZ 25 Z )6S@;ISQZ V6@S@I=Z<KNZ 96S6N69SZ QTN=;NXZ ;WL;N@;I9;Z

:;9N;6Q;QZAIZU@Q@KIZ6I:ZMT6D@SXZK<ZD@<;Z6I:Z6IZAI9N;6Q;:Z<N;MT;I9XZK<Z<6DEQZ
35Z?@LZ<N69STN;QZ6I:ZHKSKNZU;?@9D;Z9N6Q?;QZ2 5
Z *6SA;ISQZVAS?Z96S6N69SQZ
V?KZV6@SZD;QQZSAH;Z?6U;Z<;V;NZ<6DEQZ7TNIQZ9TSQZ7NTAQ;QZ6I:Z96NZ699A:;ISQZ
25
Z Z K<Z S?;Z :;6S?QZAIZ L6S@;ISQZ Q9?;:TD;:Z <KNZ 96N:@69Z QTN=;NXZ6N;Z6Z
:AN;9SZ N;QTDSZ K<Z V6ASAI=Z S@H;Z 25
Z ";D6XQZ SKZ 96NKS@:Z @H6=AI=Z 6I:Z
;I:6NS;N;9SKHXZ <KDFKVAI=Z 6ZSN6IQ@;ISZ AQ9?;H@9Z6SS69CZ KNZ QSNKC;Z 96TQ;Z 6Z
?A=?ZN@QCZK<ZKS?;NVAQ;ZLN;U;IS67D;ZN;9TNN;ISZQSNKC;Z 25
Z 16@S@I=Z<KNZ?ALZ
N;LD69;H;ISZE;6:QZSKZLKKN;NZLN;KL;N6SAU;ZL?XQA96DZ<TI9S@KIZ25
Z &I<6ISQZ
6I:Z9?@D:N;IZTI:;NZSVKZX;6NQZK<Z6=;Z?6U;Z6ZZ@I9@:;I9;ZK<Z@I96N9;N6SAKIZ
25 6I:ZN;9TNN;ISZ@I96N9;N6SAKIZ45ZK<ZS?;@NZ@I=TAI6EZ?;NI@6ZV?@D;ZV6@SAI=
<KNZ;E;9S@U;ZQTN=;NX
$WL;NSZ+;LKNSZK<Z#N
Z'6S?;RKJZ:6S;:Z";9;H8;NZZZLL
Z
Z

!
# ###
#

#

# #
# #

#
!# ## #
## !#
# "
## ## # !# # # #

# #

#
#

### ##

# # # ## ##
## # #
!#
##
##
*?XQA9@6IQZ6N;ZS6T=?SZ@IZH;:A96DZQ9?KKDZ67KTSZN6S;QZ6QZS?;XZ6LLEX
SKZ;W9;QQZN@QCQZ:T;Z?;6DS?Z9KI:ASAKI
Z-?;Q;ZN6S;QZ96IZ7;Z;WLN;QQ;:ZAIZH6IX
V6XQZ QT9?Z6QZS?;Z;W9;QQZ HKNS6D@SXZ :T;Z SKZ6Z?;6ES?Z 9KI:@S@KIZ S?;ZNAQCZK<
6:U;NQ;Z;U;ISQZ6I:Z;U;IZS?;ZEKQQZ@IZ MT6EASXZK<ZD@<;Z ,6S;QZ6N;Z76Q;:ZKIZ6
H;6QTN;ZK< SAH;Z;=ZZ;W9;QQZ:;6S?QZL;NZZL;NZX;6N
Z-?;Z;QS@H6S;:ZN@QCQ
76Q;:Z KIZ S?;Z KTS9KH;Z N6S;QZ N;D6S;:Z SKZ V6@S@I=Z SAH;Z AIZ S?;Z QST:@;QZ SK
N;<;NN;:Z@IZS?@QZN;LKNSZ6N;Z9KISAITKTQZKU;NZ6ZL;NAK:ZK<ZS@H;

!Z V6XZ SKZS?AICZ67KTSZ S?@QZ AQZ SKZ U@QT6E@Y;Z 6ZLD6I;ZKIZ6ZDKI=Z<E@=?S
V?;N;ZASZ@QZ:@Q9KU;N;:ZS?6SZS?;N;ZH6XZ7;Z6ZH;9?6IA96DZLNK7D;HZ(I;Z?KTO
KNZQKZD6S;NZAISKZS?;Z<DA=?SZ:@6=IKQS@9QZ9KI<@NHZS?6SZS?;ZLD6I;Z?6QZ6Z?A=?ZNAQC
H;9?6IA96EZLNK7E;HZ.?;ZLE6I;Z@QZ@IQSNT9S;:ZSKZG6I:Z6SZS?;Z9DKQ;QSZ6@NLKNS
0I<KNSTI6S;EXZS?;Z9DKQ;QSZ6ANLKNSQZ6N;Z<TDDZ6I:ZQKH;Z6N;ZIKSZ;MTALL;:ZSK
?6I:D;Z S?;Z LD6I; Z /?;Z LE6I;Z HTQSZ SN6U;DZ <6PS?;NZ 6I:Z V6@SZ SKZ =;SZ SKZ 6I
6ANLKPSZS?6SZAQZ6U6AE67D;Z6I:ZS?6SZ96IZ?6I:D;ZS?;ZLD6I;
-?@QZ;W6HLD;Z?@=?E@=?SQZSVKZAHLKNS6ISZAQQT;QZ%ANQSZS?;Z;W9;QQZN@QCZ:T;ZSKZ
S?;Z NAQCZ K<Z H;9?6IA96EZ <6AETN;Z :B:Z IKSZ QS6NSZ VAS?Z S?;Z LKAISZ K<Z 7KKCAI=Z 6Z
E6I:@I=Z6SZS?;ZN@=?SZ6@NLKNSZKNZ;U;IZV?;IZS?;Z:A6=IKQSA9QZ9KI<ANH;:ZS?6SZ6Z
?@>?Z NAQCZ QAST6S@KIZ ;WAQS;:Z -?;Z NAQCZ N;6EEXZ 7;=6IZ V?;IZ S?;Z H;9?6I@96DZ

V
EGC.>2@V38GIJV-GCI2V(62VI-@2V8IVJGM2V3CGV-V62->J6V/CB09J8CBVJ6-JVG2FM9G2IV
-BV 8BJ2GO2BJ8CBV )62V 2Q/2IIV G8I=V .258BIV .24CG2V J62V .CC=9B5V C3V -BV
9BJ2GO2BJ8CBV.24CG2V/CB38G@8B5VJ62V08-5BCI8IVC3VJ62V/CB09J8CBV-B0V-JV>2-IJV
-IV3-GV.-/=V-IVP62BV-0O9/2VP-IVICM56JV3GC@VJ62VEG8@-GSV/-G2VE6SI8/8-BVCGV
P62BV IS@EJC@IV .25-BV '2/CB0>SV ?8=2VJ62V E>-B2VJ6-JV8IV 3?S8B5VJ62VG8I=V8IV
/CBIJ-BJV CGV /CBJ9BMCMIV #JV @-SV .2V 9B/G2-I8B5V P9J6V J9@2V -IV P2>>V
,B02GIJ-B08B5VJ6-JVG9I=V8IV/CBJ8BMCMIVJ62BV9JV/-BJV.2VJGM2VJ6-JVJ62G2V9IV-BV
-//2EJ-.>2V I-32V P-8J9B5V J9@2V P62BV J62V G8I=V 9IV -//2EJ-.>SV @8B8@->V 3CGV
JG2-J-.>2V62->J6V/CB09J9CBIVIM/6V-IV.SE-IIVIMG52GS V
)62VG8I=VC3V6-G@VJCVJ62VE-J82BJV0C2IBJV.259BVP8J6V.CC=9B5VJ62V8BJ2GO2BJ8CBV
.MJV@M/6V3-GJ62GV.-/=V9BVJ9@2V)62VG2IM?JV8IVJ6-JV2IJ8@-J2IVC3VG8I=VCGV6-G@V
0M2VJCVP-9J8B5VJ8@2V P62G2VJ62VP-8J8B5VJ9@2V9IV3GC@VJ62VJ9@2VC3V.CC=9B5V
J62V EGC/20MG2V P9>>V .2V /CBI2GO-J9O2V -B0V MB02G2IJ9@-J2V J62VJGM2V G8I=V CGV
6-G@IV
IV -BV 2Q-@E?2V 8BV 62-?J6V /-G2V JCV 3MGJ62GV 2QE?-8BV J68IV 8@ECGJ-BJ
EG8B/:E?2V /CBI902GV -V V S2-GV C>0V @-?2V U@SV -52V P6CV 3-8>IV -V IJG2II
J2IJ.C?J2GV@CB8JCGVJ2IJV9B08/-J8B5VJ62V6956VEGC.-.9>9JSVC3V/CGCB-GSV-GJ2GS
08I2-I2VVVS2-GVC?0V@-?2V8BVJ62V52B2G->VECEM>-J8CBV6-IV-VG9I=VC3V@CGJ-?9JS
C3V-EEGCQ8@-J2?SVV-VS2-GV%B/2V9JV8IV=BCPBVJ6-JVJ62VVS2-GVC>0V@->2V6-I
I85B938/-BJV /CGCB-GSV -GJ2GSV 08I2-I2V 69IV -/JM-?V G;I=V C3V @CGJ-?8JSV G9I2I
IM.IJ-BJ8->>SV-B0V-JV>2-IJV0CM.?2IVJCVV*6-JV9IV-BV2QJG-VVE2GICBIV8BV
P8?>V092V2-/6VS2-GV0M2VJCV/CGCB-GSV-GJ2GSV08I2-I2VCO2GV-B0V-.CO2VBCG@->
02-J6VG-J2IV +68IV2Q/2IIVG8I=V8IVJ62G2V3GC@V-JV?2-IJVJ62VJ9@2VC3VJ62V 8B8J9-?
J2IJ8B5VMBJ8>VJ62VG232GG-?V3CGV@CG2V0239B8J8O2V09-5BCIJ8/VJ2IJ8B5V B-@2>SV-B
-B59C5G-@VP69/6V/CM?0VJ-=2VI2O2G->VP22=IVJCV@CBJ6IV%B/2VJ62V-B59C5G-@
I6CPIVJ62VEG2I2B/2VC3VI85B938/-BJV/CGCB-GSV-GJ2GSV09I2-I2VJ62G2V8IV-BCJ62G
P-9JVJ8@2V JCV 52JVJCVI22V-V/-G08-/VIMG52CBV 5-9BV 8JV8IV I2O2G-?V P22=IV-IV -
GM?2V %B?SV -3L2GV J62V -EEC8BJ@2BJV P9J6V J62V IMG52CBV 8IV J62V .CC=9B5V 3CG
IMG52GSVCG5-B8T20V "CP2O2GV J62VG8I=VC3V6-G@VCGV2Q/2IIV@CGJ->9JSV0M2VJC
/CGCB-GSV -GJ2GSV 08I2-I2V 5C2IV @M/6V 3MGL62GV .-/=V J6-BV -V IJ-GJV J9@2V C3
.CC=9B5VJ62VIMG52GSV-B0VJ62VG8I=VC3V6-G@IV8IV/CBJ8BMCMIVCO2GVJ68IVE2G8C0
(62VEC8BJV9IVJ6-JVP62BVP-8JVJ<@2IV-G2V0239B20VMI8B5V-VIJ-GJ9B5VJ8@2
P62BVJ62V.CC=9B5VC449/2VG2/28O2IVJ62VG232GG->V4CGVIMG52GSVJ62VG2IM>JV8IV-B
MB02G2IJ9@-J8CBV C3V J62V E2G8C0V C3V G8I=V -B0V C3V ECJ2BJ9-?V 6-G@IV )62
08-5BCIJ8/VE2G8C0V9B/?M08B5VP-9J9B5V3CGV J2IJ9B5V-B0V G232GG->V8IV ->ICV-VJ8@2
E2G8C0VP8J6V2Q/2IIVG8I=
!RE2GKV&2EDHKVD3V GV7-A.2GIV1-K21V$NB2V VVEEV
V

# #"##
###
)>ID<C79IC3.I>A=,9*;*C4=<I=/IC3.I*;.<-;.<CBIA7C7B3I=9D;+5*<BI3*-IC3.I*+594CHIC=
*,,.BBI>A7E*C.I-4*2<=BC7,IC.BC7<2I/*,4:4C4.BI*<-I>A4E*C.IBDA26,*9I,97<5,BIC=I=+C*5<IA.:5./
0A=;IC3.I3*A;BI-.B,A7+.-I+HIC3.IF7C<.BB.BI
C3.I>A=9=<2.-I>*4<I*<-IBD//.A7<2IC3.
-.C.A5=A*C5=<I=0I;.-5,*9I,=<-7C7=<I*<-I>=BB4+:.I>.A;*<.<CI-*;*2.
&3.I >A=,9*;*C5=*C4.<CBIF3=I0*7:IC=I2.CI*IC7;.9HI-7*2<=BC7,IB,A..<4<2IC.BCIC3*CI7-.<C705.B
94/.I C3A.*C.<7<2I ,=<-7C4=<BI =AI -5B.*B.BI -.9*H.-I *,,.BBI C=I -4*2<=BC4,
B.AE7,.BI,*<I;.*<IC3.I-7//.A.<,.I+.CF..<I970.I*<-I-.*C3IF34,3I5BIC3.I;=BC
7AA.>*A*+9.I3*A;I5;*27<*+9.
+ !=AI >*C7.<CBI F3=I <..-I CA.*C;.<CI =/I *I ,=<-7C7=.A;*<.<CI-*;*2.IC=IC3.4AI3.*:C3I*<-I0D<,C7=<7<2I9=<2IF*7CIC7;.BI5<IC3.
>D+97,I BHBC.;I /=AI *BB.BB;.<CBI -7*2<=B.BI =AI CA.*C;.<CI ,*.A;*<.<CI>3HB4,*9I-*;*2.I=AIBD+8.,CIC3.;IC=IA.-D,.-I;=+7:5CHI=AI>*4<
/=AIC3.IA.BCI=/IC3.7AI:5/.IF4C3=DCI*<HI*E.<D.I/=AI,=;>.<B*C7=<I/=AIC3.B.
3*A;B
, #=<2IF*7CI97BCBI,*DB.IC3.B.I>*C7.<CBIC=IBD0/.AI7*7<I/=AI9=<2.AIC3*<IC3.H
=C3.AF4B.IF=D9-IBD//.AI*<-I.<-DA.I*I-.,A.*B.-I@D*94CHI=/I:7/.I =E.AI C3.
F*5C7<2I>.A7=-IF5C3=DCI*<HI*E.<D.I0=AI,=;>.<B*C7=<I0=AIC3.B.I3*A;BI*<-
- $*<HI F49:I BD//.AI ,=<B4-.A*+:.I BCA.BBI *<-I *<G4.CHI F35,3I F499I 97;4CI C3.4A
.<8=H;.<CI =0I 940. I *<-I 0=AI B=;.I 7CI F799I ,*DB.I =AI .G*,.A+*C.I B.A4=DB
>BH,3=9=27,*9I,=<-4C5=<BIF5C3=DCI*<HI*E.<D.I0=AI,=;>.<B*C4=<I0=AIC3.B.
3*A;B
'3.I ,=<C7<D7<2I *E*79*+797CHI =0I >A7E*C.I -7*2<=BC7,I C.BC4<2I *<-I BDA2.A4.BI >A=E7-.B
A7C7B3I =9D;+7*<BI F7C3I C3.I *+497CHI C=I *E=5-I C3.B.I 5AA.>*A*+9.I 3*A;BI -DA7<2I C3.
,=DAB.I=/IC3.ICA4*:
# # #!## ##

%D+94,IBHBC.;
(3.HI3*E.I,=;;7BB4=<.-I,=D<C9.BBIBCD-5.BIA=H*9I,=;;7BB4=<BI*<-I=C3.AI7<7C7*C5E.B
C=IB=9E.IC3.I>A=+:.;I=/I3*A;BI,*DB.-I+HI9=<2IF*7CIC7;.BI7<IC3.I>D+97,IBHBC.;I/=A
;.-5,*99HI<.,.BB*AHI>A=,.-DA.B
.B>7C.IC3.B.I./1=ACBIC3.I>A=+9.;BI<=FI*A.I*BI2A.*CI*BIC3.HI.E.AIF.A.

/Yj j `KGj -M^_`j 2MYM_`G^_j EZUTGE`MeGThj FGEUB^GFj `KGhj fG^Gj E^GB`MYIj Bj HMgj HZ^j B
IGYG^B`NZYj:KGhjE^GB`GFjfBM`j`NXG_jDGYEKXB^S_jHZ^jEG^`BNYj_bÎMEBTj\^ZEGFb^G_
`KB`j`KGj)*j.ZeG^YXGY`j^Zc`NYGUhjHBMT_j`ZjXGG`
5eG^j`KGj\B_`j`fZjFGEBFG_ j`KGj)*j.ZeG^YXGY`j\Zb^GFjDMTTNZY_jZHjBFFM`NZYBUjFZUTB^_
NY`Zj`KGjKGBT`KjEB^Gj_h_`GX j XZ^Gj`KBYjFZdDUMYIjZeG^BTTj_\GYFMYIjZYjKGBT`Kj EB^G
_GêMEG_ jfKMTGjfBM`j`MXG_jHZ^jXGFMEBUUhjYGEG__B^hj_GêMEG_jEZY`MYbGFj`ZjMYE^GB_G
" 0Yj`KGj\^G_GY`jEB_GjKZfGeG^ j`KGj+GHGYFBY`jYZfjBFXM`_j`KB`j`KGj.ZeG^YXGY`jFZG_

YZ`jETBMXjM`jEBYjHMgj`KGj\^ZDUGX_jfN`Kj`KGj\bDTNEjKGBT`KjEB^Gj_h_`GX
$ >KGYj`KGj 6UBMY`NHH_j_ZbJK`j `ZjMY`^ZFbEGjGeMFGYEGjNYj `KGj`ÔBUjBDZb`j`KGjMYGeM`BDUG

HNYBYENBUj EZY_`^BMY`_j ZYj `KGj \bDTMEj KGBT`Kj EB^Gj _h_`GXj `KGj +GHGYFBY`j ZDRGE`GF
_`B`MYIjB_jHZTTZf_'
@4AZfKG^GjKB_j`KGjFGHGYFBY`jETBMXGFj`KB`j`KGj\^ZeNYEGjKB_jBFG]bB`GUh
HbYFGFj `KGj \bDTMEj _h_`GXj Z^j `KB`j `KGj \^ZDUGX_j EBYj DGj _ZUeGFj `K^ZbJK
I^GB`G^jGHHMEMGYEhjZ^jDG``G^jXBYBIGXGY`jZHj`KGjKGBT`KjBb`KZ^M`NG_j>GeG
YGeG^jETBOXGFj`KB`j;KB`j_MX\ThjFZG_Y`jB\\GB^jMYj `KGj\TGBFMYI_j /`_jYZ`
_ZXG`KMYIj`KB`jfGjKBeGjEUBNXGF
jjij
@;KGjFGHGYFBY`jKB_jYZ`j\PGFj`KB`jN`jEBYjHNgj`KGj\^ZDUGXj;KGjFGHGYFBY`j
KB_jYZ`j\PGFj`KB`j`KGj_h_`GXjN_jHNYGj<KGjFGHGYFBY`jKB_jYZ`j\PGFj`KB`jM`jO_j
HbYFGFj_bHHMENGY`Thj1`jKB_jYZ`j\PGFj`KB`jfGjEBYjHMgjBYhjZHj`KGj\^ZDTGX_j
=^CY_E^M\` j,Chj%?8j
3CÊLjj% j\CJGjjVQYG_j ja[j\BJGj!#jWNYG_j!j
& 9Zj`KGj.ZeG^YXGY`jBFXM`_j`KB`jM`jEBY`jHMgj`KGj\^ZDUGXjZHjUGYI`KhjfBM`jÒXG_jNYj`KG
\bDTNEj_h_`GXjBYFj`KGjGeMFGYEGj_KZf_j`KB`j`KGjfBM`j`NXG_jB^GjIG``NYIjfZ^_G jYZ`
DG``G^j;KB`jM_j`KGj_M`bB`MZYjMYj)^M`M_Kj*ZTbXDMBj`ZFBh
" +G_\N`Gj`KGjUZYI_`BYFNYIjBYFjZYIZOYIjHBMUb^GjZHj`KGj\bDUOEj_h_`GXj`Zj\^ZeMFGj`NXGTh
`^GB`XGY` j`KGj)*j.ZeG^YXGY`jKB_jFGEMFGFj`Zj\^ZETBMXjBXGYFXGY`_j`Zj`KGj
fKMEKj fMTTj \^GeGY`j )^M`M_Kj *ZUbXDMBY_j H^ZXj EZY`NYbMYIj `Zj BEEG__j `MXGThj \^MeB`G
FMBIYZ_`NEj_GêOEG_jBYFj\^MeB`Gj_bÎMEBUj_GêMEG_j\^MZ^j`ZjBjFGEN_NZYjDGOYIj^GYFG^GF
ZYj `KGj 7TBMY`MHH_j EZY_`N`b`MZYBTj ETBNXj `KB`j `KM_j M_j MYj D^GBEKj ZHj `KGj EZY_`M`bÒZYBT
^MIK`_jZHj )^M`N_Kj*ZUbXDMBY_

<KGj.ZeG^YXGY`j_Bh_j`KB`jM`jYGGFGFj`Zj\^ZEUBMXj`KGj(XGYFXGY`_j`Zj\^GeGY`jBj
XMUTMZYjTZ__jZHj`^BY_HG^j\BhXGY`_jH^ZXj`KGjHGFG^BTjIZeG^YXGY`

G
?G.&>G89?G*D:3&/8*)GC.EG?.0>G/>G>9
/)G ?.*G *)*<&4G 9B*<87*8?G ?*54G ?.*7G ?.&?G /+G ?.*G <9B/8(*G *8&(?*)G ?.*>*
&7*8)7*8?>G?.&?G0?GC9A3)G<*?A<8GG7/55/98G/8G?<&8>+*<G:&E7*8?>
$.*G:<9B/8(*GC&>G&'3*G?9G+*8)G9++G?.*G*)*<&5G9B*<87*8?G:<*B/9A>4FG'EG<*,*<<08-
?9G?.*G+&(?G?.&?G0?>G&??*7:?G?9G*8+9<(*G?.*G&-&/8>?G?.*G&7'0*G508/(GC&>G'*08-
(.&35*8-*)G/8G9A=?
>:*(/&33EG08G3/-.?G9+G?.*G

)*(/>098G 08GC.0(.G?.*G#A:<*7*G9A<?G9,G&8&)&
>?<A(2G)9C8G<*>?<0(?098>G98G&((*>>G?9G:</B&?*G.*&3?.G(&<*G'9?.G?.*G <9B/8(*G&8)G?.*
*)*<&3G 9B*<87*8?G >.9A5)G .&B*G C&0?*)G A8?04G ?.*G (98>?0?A?098&4/?EG 9+G ?.*G
:<9.0'0?098>G &-&08>?G &((*>>G ?9G :<0B&?*G .*&4?.G (&<*G C&>G &)1A)0(&?*)G $.*<*G />G 89
.*&5?.G(&<*G9<G9?.*<GB&30)G<*&>98G?9G:<9(5&07G?.*>*G7*8)7*8?>G)A<08-G?.*G(9A<>*
9+G?.*G?<0&6
8)G?.*G(9>?G?9G?.*G:A'4/(G>E>?*7G9+G?.*G-9B*<87*8?G:<9B/)08-G?.*G&))0?/98&3G?*8>
9,G ?.9A>&8)>G 9+G >A<-*<0*>G &8)G )0&-89>?0(G >*<B0(*>G &88A&54FG ?9G ?.*G :&?0*8?>G C.9
9'?&/8*)G?.*7G:</B&?*4EG08G?.*G:&>?GC9A3)G'*G+&<G-<*&?*<G?.&8G?.*GG7055098G)955&<>
?.*G <9B08(*G>A--*>?>G/?G.&>G>&B*)G'FG:<9(3&/7/8-G?.*G&7*8)7*8?>G89C
A?G ?.*G <*&5/?FG 0>G ?.&?G ?.*G :<9B/8(*G C/35G 89?G :<9B/)*G ?.*>*G &))0?/98&5G >*<B/(*>
&88A&43EG08G&))/?/98G?9G?.*G>*<B/(*>G0?G&3<*&)EG:<9B0)*>G "&?.*<G 0?GC043G(98?/8A*G?9
<&?/98G ?.9>*G >*<B0(*>G &8)G >/7:5FG&))G@*8>G 9,G?.9A>&8)>G9+G:&?0*8?>G '&(2G 08?9G?.*
598-G&8)G08(<*&>08-GC&/?G50>?>G+9<G7*)/(&54EG8*(*>>&<EG>*<B/(*>GC0?.G&33G?.*G<*>A3?/8-
:.E>/(&5G&8)G:>E(.959-/(&5G.&<7>G?./>GC043G(&A>*
?G0>G9'B/9A>G?.&?G?.*G?<&8>+*<G:&E7*8?G/>>A*G.&>G'**8G(992*)GA:G'EG?.*G:<9B08(*
&8)G?.*G+*)*<&5G-9B*<87*8?G/8G&G,995.&<)EG&??*7:?G?9G:A?G:<*>>A<*G98G?.*G:<0B&?*
(4/80(>G&8)G)/&-89>?0(G?*>?08-G,&(/40?0*>G&8)G?.*G*8<954*)G)9(?9<>GC9<208-G08G?.*7G?9
>?9:G:<9B/)/8-G?.*G7*)/(&5G>*<B/(*>G?.&?G<0?0>.G95A7'0&8>G8**)G&8)G.&B*G(97*G?9
<*5EGA:98G,9<G/)*959-/(&3G<*&>98>G<*3&?/8-G?9G&G+&2*G89?/98G9,G*;A&4/?FG&8)G89?GB&3/)
.*&4?.G(&<*G<*&>98>
?G0>G>/-80+/(&8?G?.&?G?.*G*)*<&3G9B*<87*8?G.&>G8*B*<G)*)A(?*)G?<&8>,*<G:&F7*8?>
,<97G!A*'*(G*/?.*<G'*+9<*G9<G&+@*<G

%.*G 9B*<87*8?G &4>9G >&F>G ?.&?G 0?G />G :<9(4&/708-G ?.*>*G &7*8)7*8?>G )A<08-G ?.*
(9A<>*G9,G?.*G?<0&5G'*(&A>*G/?G/>GA8,&0<G9<G/8*;A0?&'3*G?9G&439CG<0?/>.G94A7'/&8>G?9
(98?/8A*G?9G'*G&'5*G?9G&((*>>G:<0B&?*G.*&4?.G(&<*G*B*8G?.9A-.G?.*G(98>?0?A?098&5/?E
/>G(&33*)G/8?9G;A*>?/98G/8G?./>G(&>*G&8)G?.*G#A:<*7*G9A<?G9+G&8&)&G.&>G:<*B/9A>3E
>?<A(2G)9C8G>A(.G:<9./'/?/98G08G?.*G
(&>*

t
! 5E=t*Xj=aVU=Vetc7ncteE7eteE=tHV=^hGent`=chPect?`XUtcXU=t %`GeGcEt'XNhU8H7VctVXe

8=GVBt?HV7V9H7NSnt78N=teXtX8e7GVtZ`Hj7e=tE=7NeEt97`=
! 5XteE=t=le=VeteE7etcXU=tGV;GjG;h7Pct97VVXet7@@X`;t799=ccteXtZ`Gj7e=te`=7eU=VeteEHc
Gct7tZ`X8N=Ut97hc=;t8nteE=t*Xj=`VU=VectZ`XEG8HeGXVtXVtchZZN=U=Ve7`ntGVch`7V9=
@X`tU=;G97NNntV=9=cc7`ntc=`jG9=c
! /X`=Xj=`teE=`=tGctVXeEGVBt?7G`tX`t=^hHe78P=t78XhetU7MHVBtU7VntZ=XZP=tch@@=`t?`XU
7tN79MtX?teHU=OntU=;H97Pte`=7eU=VetGVteE=tZh8PH9tE=7PeEt97`=tcnce=UtGVteE=tc=`jH9=tX@
7t;XBU7eH9t7V;tGV9XVcGce=Vet9N7GUtX@t=9XVXUG9t=^h7NJen
! +@tGetHcteE=t *Xj=`VU=Vect7`BhU=VeteE7etZ`XEG8GeGXVct7`=tV=9=cc7`ntcXteE7et7PNtkGNP

ch@@=`t 8het ch?@=`t =^h7NNnt eE7et Gct V=GeE=`t HVt 799X`;7V9=t kGeEt Z`GV9HZN=ct X@
@hV;7U=Ve7Pt LhceH9=t hV;=`t ct t X@t eE=t VX`t 97Vt Het 8=t 7t Z`=ccHVBt 7V;
ch8ce7VeH7NtBXj=`VU=VetX8L=9eGj=thV;=`tct
! (^h7NGent Gct VXet Z`XUXe=;t X`t 79EG=j=;t 8nt Z`=j=VeGVBt %`HeGcEt 'XNhU8H7Vct ?`XU
799=ccGVBtZ`Hj7e=tU=;G97Nt97`=tH?teE=nt97VVXet`=9=Gj=teGU=NntU=;H97Ntc=`jH9=ctGVteE=
Zh8PG9tE=7NeEt97`=tcnce=U
! )^hGentGctVXet79EH=j=;t8ntBh7`7Ve==HVBteE=t=^h7NtUHc=`ntX@t7PP
! $V;tGetGctGUZXè7VeteXt`=9XBVGs=teE7et7VtG;=XPXBH97Nt9XUUHeU=VeteXtZ=`@=9eNnt=^h7P
799=ccteXtE=7NeEt97`=tHcthVX8e7HV78N=
!! 5E=tj=`ntk=7PeEntkGNPt7Pk7nctE7j=tUX`=tXZeHXVcthVN=ccteE=t*Xj=`VU=Vetc==McteX
Z`XEG8Het GV;GjH;h7Nct ?`XUt e`7j=NNHVBt kEG9Et Het 9XhN;t VXet ;Xt 6=7NeEnt %`HeHcE
'XNhU8H7Vct97Vt7Nk7nctZh`9E7c=teGU=NH=`tE=7NeEt97`=tZ`XjH;=;t=Nc=kE=`=tVXÙ7NPn
8nt7tcEXèt;`Gj=tXj=`teE=t8X`;=`
!" 1`X?=ccX`t/G9E7=Pt%PGcctU7M=cteEGctZXGVetHVtEGct=mZ=èt`=ZXbetGVteEHct97c=#
+VteE=t`=7PtkX`N;tX@tE=7PeEt97`=t7ctHVt=;h97eHXVt9GeHs=Vct8=9XU=tHVcGce=Vet
7V;t`=cXh`9=@hNtGVtXj=`9XUHVBthVV=9=cc7`ntEHV;`7V9=cteXteE=tU==eGVBtX@t
eE=G`tV==;ct ,?tXV=tcnce=Ut X@t c9EXXNGVBtX`tX@tE=7NeEt97`=tGctZ=`?XÙGVBt
N=cct eE7Vt 7;=^h7e=Nnt eE=nt e`nteXt eh`Vt eXt 7VXeE=`tcnce=Ut -?t eE=tZh8NH9t
cnce=Ut c==UcteXt8=tZ=`?XÙGVBt87;Pnt eE=VteE=tZ`=cch`=tHcteXt=mZ7V;t7t
Z`Gj7e=t cnce=Ut 4h99=cc?hNtZ`Gj7e=t cnce=Uct 9E7PN=VB=t Zh8PH9t cnce=Uct eXt
8=9XU=t8=ee=`t=ce78NGcEHVBt7tZXcGeGj=tcnU8GXcGct;=c9`H878P=t7ct7tkHV
kIVt
cHeh7eGXVt 6EGN=tVXtUHl=;t coce=UtGVteE=t [`XjGcGXVt X@t =;h97eGXVt X`t 7Vpt
XeE=`t cX9G7Nt c=`jH9=ct 97Vt 8qt ;=@GVGeGXVt X\=`7e=t XVt [`HV9G[N=ct X@t =l79et
=_h7NHert 7t ;=cG;=`7e7t 7Pk7oct HVt ;7VC=`t X?t 7UXhVeHVDteXt7t?=eGcEt
ch9Et
coce=Uct;=NGj=`t=_i7NtXhe9XU=ctGVt7cch`HVCteE7et87cH9tV==;ct7`=tU=et
2>d]YWd>t3>]Y`ftYAt0I:F7>Qt&TKddt<7g><t.iRntt t7ft]7`7tt

:NIvb`P^hvPevAZe`vIpb[AOÎGvCqv4d`KIee`dv=A^PEWv.ACdOIvO^vNOevIpbIdhvdIb`dh
5d`KIee`dv /ACdPIvPevAvhI^kdIGvbd`KIee`dvAhv#&(&5v9AP^h +IA^

ekd7PENI[OIkv A^GvA^
IE`^`]PehvA^GvNIA[hNvEAdIvb`[OEqvAÂ[qePeh
"evNIvIpb[APêv A[[vNIA[hNvEAdIveqehI]ev h`ve`]IvGIMdIIv`dvA^`hNIdv P^m`[mIve`]I

OÎckAZPhqvP^vEAdI!
<NAhvPevdIE`MÔtIGvPevhNAhvOÎckOhqvP^vAEEIeevh`vEAdIvAevMIÎdAZZqvGIKPÎG
P^vhNIvIE`^`]OEvZPhIdAhkdIvIpPehevh`vmAdqP^MvGIMdIIevO^v]èhvE`k^hdPIev )h
Pev^`hvE[IAdvhNAhvhNIvbdIeIÊIv`KvAvGkb[OEAhIvbdPmAhIvPêkdAÊIv]AdXIhvZIAGe
h`vMdIAhIdvPÎckOhqvnNI^vPhvE`]Ievh`vAEEIeevh`v]IGOEAZveIdmPEIev )^vAvdIEI^h
AÂ[qeQev `Kv v E`k^hdPIev K`dv PêhAÊIv 3'#$v dIeIAdENIdev K`k^Gv hNAh
%I^]AdWvA^GvhNIv ;^PhIGv-O^MG`]vnNIdIvGkbZPEAhIvOêkdAÊIvE`mIdev
A^Gv v `KvhNIvb`bkZAhP`^vdIebIEhOmIZqv nIdIv hNIv hn`v ]èhv IMAZPhAdPA^
E`k^hdPIevP^vhNPevdIMAdGv *^vKAEhvA]`^MvhNIvE`k^hdOIevAÂZquIGv %I^]AdX
Pev hNIv `^[qv `Îv nNIdIv hNIv bd`CACQZPhqv `Kv E`êk[hP^Mv Av GÈh`dv Pev NPMNId
A]`^Mv ZòOÊ`]Iv bI`b[Iv C`hh`]v ckAdhO[Iv hNA^v A]`^Mv NPMNPÊ`]I
bI`b[Ivh`bvckP^hP[Iv )^vhNIv;-vbI`b[IvnPhNvZòIdvOÊ`]IevAdIvAev[PWI[qvh`
E`êk[hvAvGÈh`dvAevhNèIvoPhNvNPMNIdvOÊ`]IevnNI^vÎIGevAdIvhAXI^vO^h`
E`êPGIdAhP`^v #`^mIdeIZqv #AÂGAvKAdIev b``dZqv Cqv hNOev ]IAekdIvO^v hNOe
P^hIdÂhO`Â[vdA^WP^M
?2`dI`mId@v hNIdIv Pev Av ZAdMIv C`Gqv `Kv I]bOdOEAZv ImPGIÊIv eN`nP^Mv hNAhv
AEEIeev h`v EAdIv mAdOIevnPhNveÈPÌE`^`]PEvehAhkev P^v #AÂGAv GIebOhIv hNIv
bd`NPCPhO`^v`KvGkbZOEAhIvbdOmAhIvNIA[hNvPêkdAÊIv2A^qvehkGPIevE`^GkEhIGv
`mIdvhNIv bAehvhn`vGIEAGIevNAmIveN`n^vhNAhv Phv Oev hNIvb``dIehv#AÂGPAêv
nN`vNAmIvhNIv[IAehvAEEIeevh`vNIAZhNvEAdIvIebIEPAZZqvnNI^vOhvE`]Ievh`vAvKPdehv
E`^hAEhvnPhNvhNIvNIA[hNvEAdIverehI]v
"EE`dGP^Mvh`v`Îv`KvhNèIvehkGPIevv`Kv6kICIEIdevA]`^MvhNIvb``dIehv
eIM]I^hv`KvhNIvb`bk[AhP`^v E`]bAdIGvh`vv`KvA]`^MvhNIvdPENIehv`Îv
dIb`dhIGv P^v v NAmP^Mv k^]Ihv ÎIGev nNI^v Phv E`]Iev h`v NIAZhNv EAdIv
bdP]AdPZqv GkIvh`vZ`^MvnAPhv hO]Iev `dv hNIv R]bèePCP[Phqv `Kv eIIO^Mv AvGÈh`dv
nNI^vÎIGIGv"mAOZAC[IvImOGIÊIvAZe`vO^GOEAhIevhNAhvhNIvdOENIehvP^v#AÂGAv
MIÎdA[[qvIÛ`qvbdOmP[IMIGvAEEIeevh`vhNIvbkCZPEvNIA[hNvEAdIveqehI]vCIEAkeIv
`KvbIde`ÂZv dIZAhP`êNPbevA^Gv`hNIdvKAEh`devhNAhvAZZ`nvhNI]vh`vVk]bvhNIv
ckIkIv
8Jfba^gJv8JbadivaL>B_TFYv0BDdOJvHBjJHv,l\svvv

Biv v
)^GIIGv5d`KIee`dv1ACdPIev`CeIdmAhP`^vSevAZZvhNIv]`dIvImPGI^hvP^vZPMNhv`KvhNIvKAEhvhNAh
hNIvmIdqvnIA[hNqvEA^vM`v`kheOGIvhNIvE`k^hdqvK`dvhO]I[qv]IGPEA[vhdIAh]I^h

m

`m ,?a?^m %ZCCm G8`m ?h[Q8JW?>m aG?m 8:IPJaimZ@m aG?m g?8PaGim aZm 8fZJ>m _?à^J<aIZW`m ZW
8<<?``m aZm [Îf8a?m <8^?m Z@a?Wm`GJ?P>`m[ZQJaJ<I8W`m@_ZUm aG?m`c@@?^JWCmaG8am aG?J_m P8g`
JU[Z`?mZWmZ^>JW8îm 8W8>K8W`
#f?WmgG?WmGZ`[Ja8P`mG8f?maG?m8[[_Z[^J8a?m>J8CWZàJ<mZ_m`c_CJ<8Qm@8<JQJaJ?`m
aG?im ZAb?Wm QJUJam aG?m GZc_`m Z@m c`?m LWm Z^>?^m aZm 8fZJ>m aG?m <Zà`m Z@m [8iIWCm
Zf?âJU?maZmWc^`?`m8W>mZaG?^m[?^`ZWW?Q
mPSmaGJ`mP?8>`maZmg8JaKWCmaJU?`m@Z^m
>J8CWZ`J`m 8W>m a^?8aU?Wam aG8am 8^?m GIàZ_K<8PQim 8W>m JWa?^W8aJZW8QQim GKCG
m
8W8>J8W`m ?W>c_?mPZWCm>?Q8i`maZm`??m`[?<J8PJà`m JWm `ZU?m `[?<J8PaJ?`m QZWCm
>?Q8i`m aZm C8JWm 8<<?``m aZm `ZU?m NIW>`m Z@m >J8CWZàJ<m ?]cI[U?Wam 8W>m QZWCm
>?Q8i`m@Z^m`ZU?mOJW>`mZ@m`c_C?îm 0GZ`?mgGZmG8f?m@_K?W>`GJ\`mZ^mJW@Pc?W<?m
gKaGJWmaG?m`jà?Um<8Wm`GZâ?WmaG?`?m>?Q8j`
m1GZ`?mgGZm<8Wm8ABZ^>maZma^8f?Qm
aZmaG?m 3WJa?>m/a8a?`m Z^m $c^Z\?m@Z_m aG?J^mG?8QaGm<8_?m<8Wm8fZM>m aG?m>?P8k`m
8PaZD?aG?^m3W@ZâcW8a?QkmU8WkmZ@maG?m\c:QJ<m@JDc^?`mgGZmUJDGam:?m8:Q?maZm
JW@Sc?W<?maG?m_?@ZÛmZ@maG?m`jà?Um@8QPmIWaZmZW?mZ^m:ZaGmZ@maG?m\ÎfJP?D?>m
<8a?DZ_K?`m6?U[G8`J`m8>>?>7m
-?b?_m5m &ZEEm'`m2H?_?m9m!ZW`bKbdaKZW9Rm.KEHbmbZm &?8RbHm!9_?m

49X=Zef?_m
+Zf?V;?_mmm

8W8>J8W`m G8f?m `??Wm aGK`m aJU?m 8W>m aJU?m 8C8KWm 8`m g?8QaGim [ZQJaJ<J8W`m [8``m P8g`
_?à^K<aJWCm8<<?``maZmG?8QaGm<8^?m@Z_mZ_>KW8_im 8W8>J8W`m8W>maG?Wm8fZJ>maG?m[c:PJ<
ìà?UmgG?WmaG?imZ^maG?J^mQZf?>mZW?`m8^?mJWmW??>mZ@mU?>J<8Sma^?8aU?Wa

PPZgJWCm Z^>IW8_im _JaI`Gm ZQcU:I8W`m aZm Z:a8KWm aJU?Pim [^Jf8a?m U?>J<8Qm `?^fK<?`
gJaGKWm aG?m [_ZfJW<?m [8J>m @Z_m :im [_If8a?m >J`8:JQKaim KW`c^8W<?m ai[K<8QQim [8J>m @Z^
aG^ZcCGmaG?I^m?U[QZi?^`mgZcQ>mJW<^?8`?m?]cKaimKWm8<<?``maZm<8^?

0GJ`m8P`ZmU8imG8f?m:^Z8>?^m[Z`KaJf?m?@@?<a`mZWmaG?mZf?^8QPm`Z<JZ ?<ZWZUK<m?]c8QKai
:imJU[^ZfKWEm?]cJaimUZ^?mE?W?_8QQim`m,^Z@?``Z^m*8:_K?m?h[S8JW`
(W>??>m G?8PaGm ?<ZWZUJà`m E?W?^8QQim ^?<ZCWJl?m aG8am >c[QK<8a?m [^Jf8a?m

IW`c^8W<?mG8`m8>f8Wa8C?`m@^ZUm8m[c:QJ<mà8W>[ZJWamUZWEmaG?`?m8^?maG?m
[Za?WaJ8PmaZmJU[^Zf?mZf?^8PPm8<<?``maZm<8^?m:im:^KWCJWCm8>>JaIZW8Qm_?`Zc_<?`m
JWaZmaG?mìà?UmZWm8mfZQcWa8îm:8`J`m8W>maG?m[Za?WaI8QmaZmJU[^Zf?m?]cJaimJWm
aG?m@cW>JWCmZ@maG?mG?8PaGmìà?Um:im@8fZc^JWCm8m^?>Jà_J:caKZWm@^ZUmaG?m_K<Gm
aZmaG?m[ZZ^m
)W`Z@8^m8`maGZ`?m<Zf?^?>m :im>c[SK<8a?m JW`c_8W<?m[ZQJ<J?`mc`?maG?m[^Jf8a?m

ìà?UmgGJP?m<ZWaJWcJWCmaZm<ZWa_K:ca?maZmaG?m@cW>JWCmZ@maG?m[c:PI<mìà?Um
aG^ZcCGmaG?J^ma8h?`mUZ^?m_?`Zc^<?`m<8Wm:?m>?fZa?>maZm?8<Gm[8aJ?WamIWmaG?m
[c:PJ<m ìà?Um 0Gc`m >c\PJ<8a?m JW`c^8Y<?m G8`m aG?m \Za?WaI8Pm aZm _?>c<?m
g8JaJWFmaIU?`m@Z_ma^?8aU?Wam8W>mJU\^Zf?m8<<?``maZm<8_?m@Z^m8QTmWZamZWPkm@Z^m
aG?m \^Jf8a?Skm IW`c_?>m <<Z^>JWCm aZm 8m E_Zc[m Z@m "8WJ`Gm ^?`?8^<G?`m gGZm

PUUNA?e GT]Ue ]FAe S:]]AZ e WZG`:]Ae ?_WOG=:]Ae HT\_Z:T=Ae =UÀZ:EAe a:\e

:\\U>G:]A?eaH]Fe:Te:ÀZ:EAeeZA?_=]HUTeHTe ]FAe_\AeUCeW_;PG=eFU\WG]:P\e
4FH\eSA:T\e]F:]e]FAeW_;QH=eFA:P]Fe=:ZAe;_?EA]ea:\e[AQIAÀ?e:T?e]F:]eUÀZ:OPe
:=>A\\e ]Ue FA:Q]Fe \AZ`H>A\ e =A]AZI\e W:ZH;_\ e S_\]e F:Àe HSW[UÀ@e DUZe ]FAe
_THT\_ZA?e:\eaAPQe:\e]FAeHT\_ZA?e
2USAe A>UTUSH\]\e :O\Ue :ZE_Ae ]F:]e ?_WPH=:]Ae WZH`:]Ae FA:Q]Fe HT\_Z:T=Ae

:==AT]_:]A\e ]FAeWZUEZA\\H`H]deUCe]FAeCHT:T>HTEeUCe]FAeFA:O]Fe=:ZAe\d\]ASe
0A\A:Z>FAZ\eaFUeZA=AT]Pde\U_EF]e]UeA`:P_:]Ae]FH\e]FA\G\e_\HTEe?:]:eD[USe
+]:Qde=UT=O_?A?e]F:]e ]FAe;A]]AZeUCCeHT?H`H?_:P\ eaFUeSUZAeDZAY_AT]Qde;_de
5*,e 6ÙP_T]:ZdeFA:P]FeHT\_Z:T>A8e =UÀZ:EA e UW]eU_]eUDe]FAeW_;PG=eWZU`G\HUT
e
\Ue ]F:]e]FAe +]:PH:Te /*3e 7T:]HUT:QeFA:Q]Fe\d\]AS9e ZA@I\]ZI;_]A\ e DZUSeFIEFe
HT=USAe ]Ue QUae GT>USAe HT?G`H?_:P\e ]FZU_EFe ]FAe UWAZ:]HUTe UCe ]FAe 5*,e
S:ZNA]e
-:<[JBe1BXV[ê:ê e
$" 4F_\ e]FAe)UÀZTSAT]e=:TTU]eHTÙNAe]FAe=F:[:?AeUDeWAZDA=]eAY_:PH]de]UeL_\]HCde:

;ZA:=FeUCeZHEF]\ e\_=Fe:\eWZAÀT]GTEeWAUWPAe;AHTEeF:ZSA?e;dePATE]Fdea:G]\
GTe]FAeW_;PH=e\d\]ASeDZUSe=:ZHTEeCUZe]FAIZeFA:O]Fe=:ZAeTAA?\eU_]\H?AeUCe]F:]e\d\]AS
$$ .UZAUÀZ e]FAe\d\]ASeW_]eHTeWP:=Ae]FZU_EFe]FAe?UA\eTU]eAÀTe

]Ue]ZA:]
AÀZdUTAeAY_:PPd
4FAe EUÀZTSAT]e UTPde HSWU\A\e :e SUTUWUQde UTe ]FAe D_T?HTEe UDe =AZ]:HTe SA?H=:Q
\AZ`H=A\eH]eF:\e?AASA?eSA?H=:QPdeTA=A\\:Zde4FG\eAb>Q_?A\e:eaH?AeZ:TEAeUDe\A[`H>A\
aFH=Fe:ZAe=ZI]H=:Pe]Ue:eWAZ\UT\eFA:P]Fe:T?eaAPP;AHTEe]F:]e:ZAeTU]e GT=P_@A?eHTe ]FA
W_;PH=e WP:T e \_=Fe :\e WZA\=ZHW]GUTe ?Z_E\ e WFd\HU]FAZ:Wd e W\d=FUPUEG\]\e \AZ`K=A\
?AT]:Pe=:ZA e:T?eS:TdeDUZS\eUCe\_;\]:T>Ae:;_\Ae][A:]SAT]\ e:T?eWZAÀT]:]HÀe:T@
ZAF:;HPH]:]HÀe\AZ`H=A\
(_Z]FAZ e]FAeEATAZ:PPd e:T?e]FAe\WA=GDG=eW[U`H\IUT\e:]eG\\_AeGTe]FG\e=:\A e:ZAeTU]

:HSA?e:]eAT\_ZHTEeAY_:QH]deUDe]ZA:]SAT]eDUZe:PP
%\e?H\=_\\A? eS:Tde&ZH]H\Fe'UO_S;H:T\eTAA?HTEeSA?I=:Pe:\\A\\SAT]\e:T@e]ZA:]SAT]

:ZAeAcASW]eCZUSe]FAeWZUFH;H]HUT\ e:T?eU]FAZ\eaH]Fe]FAe:;HPH]de]UeW:deU_]eUDeWU>NA]
:ZAe:;PAe]Ue:==A\\eWZH`:]Ae]ZA:]SAT]eHTeU]FAZeM_ZH\?H>]HUT\
4F:]eH\e;A=:_\Ae_T?AZe]FAe >A[]:HTe=P:\\A\eUDe #'e[A\H@AT]\e:ZAe:;RAe]Ue:==A\\

WZH`:]AeFA:P]Fe>:[Ae]UeU;]:ITeSU[Ae]HSAQdeSA?H=:PQde[AY_HZA@eFA:P]Fe=:[Ae\AZ`H=A\
\_=Fe :\e aUZNAZ\e aFUe :ZAeHTL_ZA?e UZe;A=USAe HPQe:]e aUZNe :T@e HTS:]A\e HTe (A?AZ:P
WZH\UT\
! 4FAeH]\AOC e;deH]\eÀZde]AZS\ e]ZA:]\e&'eZA\G?AT]\eHTAY_G]:;PdeHTe]AZS\eUDe]HSAPd

:==A\\e]UeFA:P]Fe=:ZA eAÀTeQA:`GTEe:\H@AeH]\eZA:OeaUZQ?eGSW:=]

/1|
&, HXTmTUimT|[p|\o|RaTOmax|hip|pXT|iP`TRp[uT|iU|pXT| pi|jmigipT|jTmUTRp|TltOc[px|\h|

pTmgo|iU|ORRToo|pi|gTS[ROa|pmTOpgThp
&. ;p| [o| Oaoi| [gjinsOhp| pi| mTOa\{T| pXOp| gOhx|5OhOS[Oho| hip| gTmTax| pYT| vTcciVU|
RtmmThpax|XOuT|jm[uOpT|ZTObpY|ROnT|[hotmOhRT|pXmitWY|pYT[m|TgjbixTm|jbOho
& / IY[o| [o| toTS| Uim| jYOmgORTtp\ROao| YigT| ROnT| SThpOc| ROnT| joxRXibiW\op| oTnu\RTo
jXxo[ipXTnOjx|OhS|ipYTm|u[pOd|XTOcpX|ROmT|oTmu[RTo|vY\RX|OmT|hip|jmiu[STS|pYmitWY
pXT|jtPb[R|oxopTg
& 0 JYT|RiuTmOWT| nOpT| Vim|jm[uOpT|ZTOcpX|[hotnOhRT|S\UUTmo| Riho\STmOPax| ORmioo| B857

Rithpn\To|Ptp|]p|[o|YOnSbx|pYT|TwRcto[uT|jnToTmuT|iU|pYT|vTbbiUU
&1 ;h|pYT|ATpYTncOhSo|Uim|\hopOhRT|1'|iU|pYT|jijtbOp[ih|[o|RiuTmTS|Px|oigT|Uing|iU

jm\uOpT|YTOapY|\hotnOhRT| ;h|9mOhRT|pYOp|htgPTm|[o|0.|vY\bT|[h| Gv[p{TmbOhS|\p|[o
0 |4bb|iU|pYToT|Rithpm[To|jmiu[ST|th\uTmoOb|ZTObpZ|ROmT
6ieigQi|

KO|jOy |Cn\uOqT|:TOfqX|<hotnOhRT|^h|
6ithqm\To|(!!+ |

Oq|%%")|
&# @Ohx| 5OhOS\Oho| hip| ihbx| pZT| vTbbiVV| OamTOSx| YOuT| S\oOP[b[px| im| otjjaTgThpOc
YTOapY|[hotnOhRT|pYmitWY|pYT[n|TgjaixTmo|im|RiuTmOWT|Oo|O|PThTU\R[Omx|ih|O|UOg[cx
gTgPTmo|jm[uOpT|\hotnOhRT|jaOh
&#$ BuTm| pvi| pX[mSo| iU| 5OhOS[Oho| RtmnThpax| ZOuT| oigT| Uing| iU| jn\uOpT| YTObpY| ROmT
[hotmOhRT|RiuTmOWT|;h|BhpOn\i|pYOp|htgPTn|\o|Oagiop|0
?OQn\T|ETjinr|
Oq|2|
&#& 4o|DmiUTooim|>ToobTm|hipTo|[h|Y[o|8wjTnq|FTjimq3
=| oTOmRYTS|Uim|optS\To|pYOp|ltOhp[U[TS|pYT|tp\b[{Op\ih|iU|jm[uOpTbxU[hOhRTS|
ROmT| [h| 5OhOSO|Px|[hRigT| bTuTb| 4bpYitWY|UTv|optS[To| YOuT|[huTop_WOpTS|
pX\o|ltTop\ih|pXTx|OmT|\gjinpOhp|PTROtoT|iU|pZT[m|S[mTRp|nTaTuOhRT|qi|pY\o|
ROoT| @Oh[piPOo|TwjTm[ThRT| v[pX| jm[uOsTbxU\hOhRTS| ROpOnORp| otmWTmx| \h|
pZT|$11 o|oZivo|pZOp|[hRigT|[o|hip|pYT|oibT|im|TuTh|pZT|giop|[gkinpOhp|
STpTng[hOhp|iU|tp[a[{Op\ih|iU|kn\uOpTbzU[hOhRTS|ROmT|MHXT|Tu[SThRTN|oYivo|
pZT| htgPTm| iU| jm\uOpTbxU[hOhRTS| ROqOmORp| jmiRTStmTo| jTnUimgTS| [h|
L[hh[jTW| [h| $11-1.| Px| jOp[Thpo| hT\WZPitmYiiS|[hRigT| lt[hp[bT| 8ORY|
[hRigT|lt[hq[aT|RihpO\ho|&|iU|pYT|R[pxo|jijtcOp\ih|4o|pYT|U[WtnT|oYivo|
pZT| S[opn\Ptp[ih| iU| jm[uOpTax| U[hOhRTS| ROpOnORp| jmiRTStmTo| Px| \hRigT|
lt[hp\aT|[o|UcOp|v[pY|pYT|Y[WZTop|pvi|[hRigT|lt[hp\cTo|mTRT\u[hW|ihbx|&|gimT|
jmiRTStnTo|itp|iU|O|pipOc|iU|*-0
|pZOh|pYT|civTop|pvi|[hRigT|lt[hp\bTo|

+y
/y!#ynqkrQuygRyiLoXQdonysVgygMoLXdQPyikXrLoQ_uRYdLdNQPyNLkQyXdyFqQMQNy
kQLNVQny oVQynLbQy NgdN`qnXgdyYdy Ldy LdL_unYny NgdPqNoQPy Muy oVQy @gdokQL`y
5NgdgbXNy=dnoYoqoQ
y&&ygRyikXrLoQN`XdYNyN`YQdonykQigkoQPyVLrYdUyVgqnQVg_Py
XdNgbQy MQ`gsy 1)Hy sVQkQLny oVQy bQPXLdy VgqnQVg_Py XdNgbQy Xdy oVQy
DkgrXdNQy Xdy ! y sLny LkgqdPy (+ y KVXny nVgsny oVLoy oVQy XdNgbQy
PXnokXMqoXgdy gRyikXrLoQN`XdXNyN_YQdonyXny nYbX`LkyogyoVLoy gRyoVQy DkgrXdNQyLnyLy
sVg_Qy
6tiQkoyGQihkoyhSy4LdYQay?Qnn_QkyPLoQPyALkOVy* y"$

yLoy$'y
!# IgyoVQyQtoQdoyoVLoyoVQyQtXnoQdNQygRyikXrLoQybQPXNL_yXdnqkLdNQybXUVoykLXnQyLduyQjqYov
NgdNQkdnyikYrLoQybQPXNL_yXdnqkLdNQyNgq_PyMQynqMnXPXxQPykQUq_LoQPygkyikgbgoQPyMv
oVQyUgrQkdbQdo
yogyQdnqkQyoVLoyL_`y 1LeLPXLdnyVLrQy LNNQnnyogyikXrLoQyYdnqkLdNQ
yog
MQyqnQPysVQkQyoVQyiqM_YNynvnoQbyXnydgoybQQoXdUyoVQXkydQQPnyXdyLyoXbQ_vysLv
8 2h_hcMhyyByJLiLw yEkYrLoQy<QL_oWy>dnqkLfOQyXdyC734y2hqdokYQny"$ y

Loy$$$*y
!% IVLoysgq_PyQdnqkQyQjqXoLM_QyLNNQnnysXoVgqoyRgkNXdUy1LdLPXLdnysVgyLkQyYdyPQniQkLoQ
dQQPygRyoYbQ_uyVQLòVyNLkQyokQLobQdoyogyQXoVQkyiLvygqoygRyigN]Qoygky\QgiLkPXxQyoVQXk
VQL_oVysLZoXdUyXdyoVQy01yiqM_XNynunoQb
! & 9XdL``v y oVQy nqUUQnoXgdy oVLoy gdùy oVQy 1LdLPYLdy bgPQ_y NLdy LPQjqLoQùy ikgoQNo
QjqL_XouygRyNLkQyXnyP[kQNo_uyLoygPPnysYoVyoVQyQrXPQdNQ
! ( =dy iLmpZNq_Lk
y oVQkQy Xny dgy QrXPQdNQy oVLoy gqky NqkkQdoy nunoQby bL]Qny VQL_oVy NLkQ
ikgrXnYgdybgkQyQjqXoLM`QyoVLdynunoQbnysVXNVyiQkbXoyLyikXrLoQybQPXNL_yNLkQygioXgd
! ) KVQy1gbbgdsQL_oVy :qdPyRgqdPy oVLoy1LdLPLykLd^QPy, gqoygRyoVQyyNgqdoYQnyYd

oQkbny gRy QjqXoLM`Qy okQLobQdoy gRy iLoYQdony /dPy 1LdLPLy Yny oVQy gdùyNgqdokvy oVLo
ikgVXMYonyikXrLoQyVQL_oVyNLkQyLdPyikYrLoQyYdnqkLdNQ.yoVQygoVQlyyNgqdolXQnyL__yVLrQ
LybXtQPynunoQb
yXdrg_rXdUyMgoVyqdXrQknL_yiqM_XNyVQL_oVyNLkQyLdPyikYrLoQyYdnqkLdNQ
gioXgdn
!+ IVQyRLNoyoVLoy1LdLPLykLd^nyiggk`vyYdyoQkbnygRyQjqYouyYdyoVXnynoqPvynVgsnyoVLoybYtQP
iqM_XNyLdPyikXrLoQyVQL_oVyNLkQynunoQbnyikgrYPQybgkQyQjqXoLM`QyLNNQnnyogyVQL_oVyNLkQ
oVLdy 1LdLPLny bgdgigùyiqM_XNy VQL_oVyNLkQynunoQby KVXnyNgdN_qnXrQ_uy kQRqoQnyoVQ
QjqXouy NgdNQkdny oVQy ;grQkdbQdoy kQ_XQny gdy Lny Ly \qnoYRYNLoXgdy Tgky ikgVXMXoXdUy 01
kQnXPQdonyogyLNNQnnyikXrLoQyVQL_oVyNLkQ
! - KVQyXnyoVQkQRgkQydQXoVQkyPQnXUdQPyogyLNVXQrQyQjqL`YovyYdyokQLobQdo
ydgkyPgQnyYo
VLrQy oVLoy QRRQNoy Igy oVQy NgdokLku
y 1LdLPLny NqkkQdoy bgdgig_uy nunoQby Yny bgkQ
qdQjqL_yoVLdyoVgnQyXdysVXNVyikXrLoQybQPXNL_yNLkQygioXgdnyLkQyLrLX_LM_Q

BBWEN;7KW16R1D576W5EQDNK<7MW7T57GNWN;7W-D=N76W)N1N7MW;1R7WQD=R7KM1AW;71BN;W51K7
MUMN7CMWS=N;WGK<R1N7WEHN<EDMW1D6W;1R7WCEK7W7JQ1BWMUMN7CM
*;QMW7R7DW=8WN;7WM7K<EQMW;1KCWNEWN;7W5EDMN<NQN<ED1AWK=:;NMWNEWB<87WB=37KNUW1D6WM75QK=NU
E8W N;7W G7KMEDW 5EQB6W 37W ?QMN<9=76W 31M76W EDW 13MNK15NW DEN<EDMW E8W G7K975NW 7JQ1B=NU
5EDNK1KUWNEW ;ESW N;7W M5;7C7W15NQ1BBUWEG7K1N7MW GKE;<3<N=D:WGK=R1N7W;71AN;W 51K7W =M
M=CGBUWDENWD757MM1KUWEK67KWNEWGKECEN7W 7JQ1B<NUW<DW 1557MMW NEW;71BN;W51K7W =D6776
S7W1K7W1DW7TNK7C7WEQNB<7KW<DWN;7W%W5EQDNK<7MW9EKWG7KC<NN=D:W=N
MW&KE87MMEKW 13K<7W;1MW7TGA1<D76
+;7W GEB=5UW :E1AW E8W GKER=6=D:W :EE6W JQ1A=NUW M7KR=57MW NEW 1BAW S=N;EQN
5EDM=67K1N<EDMW31M76WEDWC71DMW=MWM;1K76W3UW1BAW67R7BEG76W%W5EQDNK=7M
S=N;WQD<R7KM1AW;71BN;W51K7WMUMN7CM
W$7R7KN;7B7MMWC1DUWE9WN;7CW1BBESWN;7=K
5<N<V7DMW NEW REAQDN1K<BUW GQK5;1M7W 6QHB=51N7W ;71BN;W =DMQK1D57W S;=A7W MN=AB
K7N1<D<D:W N;7W 5ER7K1:7W E887K76W 3UW N;7W GQ3B=5W GB1DW QGA=51N7W ;71AN;
<DMQK1D57W<MW<D6776W1R1=B13A7W=DWC1DUW%W5EQDNK=7MWS<N;WQD=R7KM1BW;71AN;
51K7WMUMN7CMW=D5AQ6<D:WQMNK1A<1W7DC1K@W=DA1D6WK7757WK7B1D6WMK17A
N1BUW $EKS1UW $7SW .71B1D6W &EKNQ:1BW )G1<DW )S767DW 1D6W N;7W -D=N76
=D:6ECW EDR7KM7BUW 1D161W=MWE8N7DW 5;1K15N7K<V76W 1MW37=D:WQD=JQ7W =D
31DD<D:WN;7W5ER7K1:7WE8WC76<51BAUWK7JQ<K76WM7KR<57MW3UWGK=R1N7W=DMQK1D57
5ECG1D=7M
NW=MW18P7KW;1R=D:WK7R<7S76WN;7W7R<67D57WEDWN;=MWC1NN7KWN;1NWN;7W

5;1=K76W 3UW A1Q67W 1MNED:Q1UW
K75ECC7D676W <DW <NMW W K7GEKNW 1W :K71N7KW KEB7W NEW GK=R1N7W 6QGB<51N7W
=DMQK1D57W=DW'Q7375W 55EK6=D:WNEWN;7W
N;7W815NWN;1NW1W57KN1<DW
GKEGEKN=EDW E8W N;7W GEHQB1N=EDW =DW C1DUW 67R7AEG76W 5EQDNK=7MW REAQDN1K=AUW
675<67MWNEWGQK5;1M7W6QGB=51N7WGK=R1N7W<DMQK1D57W=MWDENW=D5ECH1N=3A7WS=N;W
;1R<D:W;71BN;WM7KR=57MW1557MM=3A7WNEW1BBW
!14K=7W(7IFLOW2OW W
&KE87MMEKW"13K=7W1BMEW5=N7MWN;7WK7HEKNWE8WA1Q67W1MNED:Q1UWN;7W81N;7KWE9W'Q7375
#76<51K7WS;EW;16WN;7W9EAAES<D:WNEWM1U
/,0;7WJQ7MN<EDWE8WGK=R1N7W<DMQK1D57WK1<M7MWN;7WS;EB7WJQ7MN=EDWE9W9K776EC
E8W5;E=57
K776ECW E8W 5;E=57W <MW5ECG1N>3A7W S=N;W 1WGQ3B<5WGA1DW 1557MM=3B7WNEW 1ABW DW

=D6=R=6Q1AMW9K776ECWE8W5;E<57WS=BAWDENW;1R7WN;7W78875NWE8WA=C=N=D:WN;7WK=:;NMW
1D6W8K776ECMWE9W EN;7KW5=N=V7DMW <9W<NW=MWS7BBW:ER7KD76
W %DW N;7W5EDNK1KUW =NW
S=BBW;1R7WN;7W<D6=K75NW5EDM7JQ7D57WE9W=D5K71M<D:WN;7WER7K1BBWMQHHBUWE9W51K7W
1D6WN;QMW=NMW1557MM=3<A<NUW

h
5DF[h G[h QS]h SQLeh 8h O8]]?Wh S@h ;DSF;?h @SWh DGBD?W FQ;SO?h GQ=GbG=`8M[h 6D?h
@SNMScGQBhb?Weh W?8Mh;8[?h;M?8WNehGMM`[]W8]?[h]D?hGOTSW]8Q;?hS@h]DG[h@W??=SOh
S@h;DSG;?h@SWh?b?WeSQ?h,]h;SQ;?WQ[h8h]W`;Kh=WGb?WhcDShFQ[]?8=hS@hD8bGQBh]Sh
c8F]hc??K[h@SWh8QhST?W8]GSQh=?;G=?=h]ShT8ehSa]hS@hDG[hTS;K?]h]ShW?]`WQh]Sh
cSWKh@8[]?Wh 2Qh]D?h98[G[hS@hcD8]hTWGQ;GTN?h;8QhD?h9?hW?@`[?=h]D?hWGBD]h]Sh
S9]8GQhFQ[`W8Q;?h8B8GQ[]h[a;Dh8hWG[KhcD?Qh]D?hT`9MF;h[e[]?OhG[h`Q89N?h ]Sh
O??]hDG[hQ??=[h[8]G[@8;]SWFNe$h
5D?h@W??=SOh]ShS9]8GQhGQ[`W8Q;?h8B8FQ[]h]D?[?hWF[K[h?dG[][hGQh[?b?W8NhS]D?Wh
&8Q8=G8QhTWSbGQ;?[h8Q=hRScD?W?hD8[h]DF[hD8=h[GBQF@G;8Q]hQ?B8]Gb?h?@A?;][h
SQh]D?hT`9MG;hD?8N]Dh;8W?h[e[]?Oh
' '8\^SQCa8e h0h18X<S^_?hh1h7?QQ?

h

*Sb?XRP?Q_h>ah3a?:?<
)?:Wa8Weh!h
8^h"h
-Qh;SaQ]WG?[hcG]DhOGd?=hT`9NG;h8Q=hTWFb8]?hD?8N]Dh;8W?h[e[]?O[hW?[G=?Q][h8W?h89M?
]ShS9]8GQh OSW?h]FO?Meh8Q=hOSW?h?VaG]89M?h8;;?[[h]ShD?8N]Dh;8W?h]D8QhGRh&8R8=8h8]
NSc?Wh T?Wh ;8TG]8h ;S[][h %;;?[[h ]Sh8h aRGb?W[8Nh T`9NH;h [e[]?OhG[h QS]h =GOHQF[D?=h SW
]DW?8]?Q?=
.Qh S]D?Wh cSW=[h 8[h]D?h GQ]?WQ8]FSR8Mh ?dT?WG?Q;?h ;SQ;Ma[Gb?Neh =?OSQ[]W8]?[h ]D?
TWGb8]?h[?;]SWh;8Qh9?h8[[FBQ?=h8hWSM?hcDGN?hW?[T?;]GQBh]D?h@S`Q=8]HSQ[hS@h]D?hT`9NG;
[e[]?O
'8\_SQCa8eh4?TSY^h 8^hh
5DG[h;8Qh9?h=SQ?h8[h&8[]SQB`8ehQS]?[h9ehGOTS[GQBhS]D?WhW?[]WF;]GSQ[h]D8]h=ShQS]
TW?b?Q]hT?STM?h@WSOh[?;`WGQBh]D?GWhScQhD?8M]Dh8Q=hc?MM9?FQB#
/QhOS\]hIQ=`\]WG8NGf?=h<SaQ]WG?\hTEe\F<G8Q\h<8QhTW8<]F<?h:SÊhFQh]E?hT`:NG<h
[e[]?Oh8Q=hTWGb8]?MehSa][G=?h]D?h[e[]?Oh+Sc?b?W hTDe[F;G8Q[hcDSh;DSS[?h
]DF[hTS[[G9GMG]ehOa[]h[8]G[@eh;?X]8GQhS9NGB8]FSQ[h]Sh]D?hTa9MG;h[e[]?Oh9?@SW?h
TWSbF=GQBh;8W?hSQh8hT`W?MehTWFb8]?h98[G[hhhh
5D?h D?8M]Dh ;8W?h [e[]?O[h S@h OS[]h S@h ]D?h GQ=a[]WF8MGg?=h ;S`R]WG?[h 8MNSch
b8WGSa[h=?BW??[hS@hOGd?=hTW8<]G;?h6D?eh[??h]D?hOGdhS@hT`9MF;h8R=hTWFb8]?h
TW8;]G;?h8[h8h;DSG;?hSAA?W?=h]ShT?STM?hcDS[?h =?O8Q=h@SWh;8W?h;8RRS]h9?h
;Sb?W?=h[8]G[@8;]SWFLeh9eh]D?hTa9MG;h[e[]?Oh
(8\^SRCa8eh4?USW_h 8^h h"h
6DG[h?bG=?Q;?h;SQ@GWO[h]D8]hc?hD8b?hQS]DGQBh]Sh@?8Wh8Q=h?b?We]DGQBh]ShB8GQhFQh8;;?[[
]ShD?8N]Dh;8W?h[?WbG;?[h9eh?NGOGQ8]GQBh]D?hTWSDG9G]JSQ[hSQhTZHb8]?hO?=J;8Mh<8W?h8Q=

BE[]eOYLkUOTGkW[bek[eMG`kEGgGU[]GEkD[fYe_PGbkBkWQiGEk]`PgBeGkBYEk]fCUQDkWGEODBUk

DB`GkbjbeGWk
$ =MG_GkObkBUb[kY[kGgOEGYDGkeMBekeMGkGiObeGYDGk[Ik]_OgBeGkbf`LQDBUkBYEkEQBLY[bePDkDUPYODb
OYk *,kI[_kk[_kb[k jGB_bkMBbkMB_WGEkeMGk]fCUODkbjbeGWkCjkeBTOYLk`Gb[f`DGbkBhBj
I`[WkeMGk]fCUODkbjbeGWk[_kPYkBYjk[eMG_khBj
% 6[_khOUUk]G_WOeePYLk]_OgBeGkDUPYODbke[kD[YeOYfGke[k[]G`BeGk`GbfUekPYk@;kcejUGk]_OgBeG
MGBUeMkDB_Gk (bk7_[IGbb[_k*UObbkbeBeGbkPYkMObkk4GDef_G&
AMjkY[ekLGek[gG_keMGk[CbGbbO[YkhOeMkCGOYLkEPKG_GYekI`[WkeMGk@YOeGEk;eBeGbk
BYEk UGB`Yk UGbb[Ybk I_[Wk eMGk WOiGEk ]ÒgBeG]fCUPDk MGBUeMDB_Gk bjbeGWbk [Ik
D[fYe`PGbk bfDMk Bbk ;hGEGY k ._BYDGk BYEk GgGYk *_OeBOYk hM[bGk gGYG_BCUGk
6BeO[YBUk/GBUeMk;jbeGWkMBEkBUhBjbkMBEke[kD[W]GeGkhOeMk]`PgBeGkWGEODOYGk
5 +UPddk-`PePDBVk-\YEPeO[Z'k)k0Pde\`PBZdk8`\LZ\dQdk\Yk-BZBEBdk)LPZLk1GBVeNDB`Gk<jdeGXk
+.$&&'&.&"$. &(". kBek k
2Yk bfWWB`jk eMGkbjbeGWkGbeBCUPbMGEkOYk eMGk.hMPDMk]_[MPCOebkBDDGbbke[k]ÒgBeG

WGEODBUkDB_GkI[`kW[bekCfekY[ekBUUk*,k`GbOEGYebkhMPUGkI[_DOYLkGgG`j[YGkGUbGke[kbfIIG`
OYk Bk ]fCUODk bjbeGWk fYBCUGk e[k WGGek eMGO`k WGEODBUk YGGEbk E[Gbk Y[ek D_GBeGk W[`G
G^fBUPej
2ekbOW]UjkD_GBeGbkBkhOEG_kLB]kCGehGGYkeMGk_ODMkBYFk][[`kCGDBfbGkeMGk`PDMkDBYkBIJ[_E

e[kLGek]_OgBeGkOYbf_BYDGkBYEk]_PgBeGkDB_GkGUbGhMG_G
3Ik eMPbk D[YbeOefeO[YBUk DMBUUGYLGk Pbk bfDDGbbIfUk eMGk ]_OgBeGk []eP[Yk BgBOUBCUGk e[k eMG
hGBUeMjkBYEkeM[bGkGiGW]ekfYEG`keMGk.h[fUEkCGD[WGkBgBPUBCUGke[kWBYjkW[`G
*_OeObMk,[UfWCOBYb
>MQbkh[fUEkDaGBeGkBkW[`GkG^fBUkdjdeGWk[IkMGBUeMkDB`Gk]_[gOdQ\ZkPZkeMPdk]`[gQZDH

=MObk(]]UPDBeO[YkObkC_[fLMekfYEG_k:fUGk!k[IkeMGk) #.)#&.*. )%.*,

:GLk #$%k bk%k[IkeMGk
,. . !)&-.&. :;*,k %%#k Dk"k BYEk eMG
,[f_ebkOYMG_GYekRf_ObEODeO[Y

?[k CGk GYePeUGEk e[k BYk PYeGÙ[Dfe[`jk OYSfYDeO[Yk [_k Bk beBjk [Ik eMGk GYI[_DGWGYek [I
beBefeGbkBUUGLGEke[kCGkfYD[YbeOefeP[YBUkeMGk 9UBPYeOIIbkWfbekbBeObIjkeMGk,[fèkeMBe
B
eMG_GkObkBkbG_O[fbk^fGbeO[Yke[kCGke_PGE

> YFBWBb]GNNb>BbGWWBT=W=>NBbF=WQbHCb =Rb GRJ[R?YGSRbSWbXY=_bGXbRSYbEW=RYB@

=R@
? ZFBb>=O=R?BbSCb?SR\BRGBR?BbC=\S[WXbEW=RYGREb=RbGRK[R?ZHSRbSWbXZ=_
20,!A0 A= A0!A ::27#>A#0#6,?A !!<bb5*4bb

=Yb b
,SWbYFBbWB=XSRXbXBYbS[Yb>BNS]bYFBb3O=GRYGCCXbF=\BbQBYbB=?FbSCbYFBXBbWBV[GWBQBRYX
#6)3;8A;#8:*31A:3A#A6*#"
7FBb>[W@BRbSRbYFBb=TTPH?=RYb[RABWbYFBbDGWXYbT=WYbSCbYFBb 31,"A YBXYbGXb=

NS]bSRB
:RNBXXbYFBb?SRXYGY[YGSR=Nb?F=NNBREBb?=Rb>BbX=H@bYSb>BbCWH\SNS[XbSWb\B^=YGS[X bHYb]GON
>Bb X=YHXCGB@b -R@BB@bYFBb6[TWBQBb)S[WYbSCb )=R=@=bF=XbWB?SERH`B@bYF=Yb=bL[@EB
SRb =b QSYGSRb CSWb WBNIBCb Q[XYb =Xb =b EBRBW=Nb W[NB
b ?SRXG@BWb YFBb XB?SR@b =R@b YFHW@
XY=EBXbSCbYFBbYBXY
20,!A0 A9<46A=YbU=W=b$b
'22$A=
A #!+ -A#6=+ #9A2..+99+20A !b'*5*b!b
=YbU=W=b b
2SbT=WY_bYSbYFGXb?=XBbF=Xb?SRYBR@B@bYF=YbYFBWBbHXbRSYb=bXBWGS[XbGXX[BbYSb>BbYWGB@bGR
YFGXb&?YGSRb=R@bGYbF=Xb>BBRbWBTB=YB@O_b?SR?B@B@b>_bYFBb +BCBR@=RY
.+#A<6&#6+#9A26426:+20A=A6+:+9(A2-<.+A#!+ -A#6=+ #9A2..+99+20@A b

'*5*b!b=YbU=W=bb
;FGOBb YFHXbXY=EBbSCbYFBbYBXYbGXb B=XHN_bQBYb HYbHXbGQTSWY=RYbYSbWB?SERG`Bb YFBb 56+/

% +#AXYWBREYFbSCbYFBb3N=HRYHDCXb?SRXYHY[YGSR=Nb?N=GQX
8FBbTWSTSXGYGSRbYF=YbYFBbXY=YBb?=RbTWB\BRYbGYXb?HYG`BRXbCWSQb=??BXXGREbYFBbQB@G?=O
?=WBb YFB_b RBB@b YSb TWSYB?Yb YFBGWbNHCBb FB=NYFb =R@b XB?[WGY_b SCb TBWXSRb ?=RRSYb>B
WB?SR?GOB@b]GYFbYFBbC[R@=QBRY=NbTWB?BTYXbSCb=bCWBBb=R@b@BQS?W=YG?bXS?GBY_
" 7FBRb0=]b+B=Rb=R@bRS]b/[XYG?Bb3=YWH?Mb1SR=F=RbF=XbB^TN=HRB@bYFBbTSGRYbYFGXb]=_#
.RbYFBXBb?HW?[QXY=R?BXbYFBbXY=YBbGXbBXXBRYH=ON_bCSW?GREbHR@G\G@[=PXbYSbBR@[WBb
T=HRb=R@bB\BRb@B=YFbGRb=H@bSCbYFBbBCCG?HBRYbSTBW=YGSRbSCb=bXS?H=ObTWSEW=Q b
9FGXbSCCBR@XbYFBb>=XG?bNG>BW=NbTWGR?HTNBbYF=Yb=NNbTBWXSRXbXFS[N@b>BbYWB=YB@b
=XbBV[=NX%bYF=YbHX b=XbBRYGYNB@bYSbBV[=Nb?SR?BWRb=R@bWBXTB?Yb2SbSRBb?GYGaBRb
Q=_b>BbYWB=YB@b=Xb=bQBWBbGRXYW[QBRYbYSbGQTWS\BbYFBb]BNC=WBbSCb=RSYFBWb b
(_b]=_bSCbGON[XYW=YHSRb=Xb=b@BQS?W=YG?bXS?IBY_b]Bb>BNGB\BbGYb]S[N@b>Bb]WSREb
=R@bGQQSW=NbYSbT[Yb=RbHRRS?BRYbTBWXSRbYSb@B=YFb B\BRbGCb>_bXSb@SGREb]Bb

TIBFbqIU;]?8`?qbF?qF?8QbFqV]qh?QA8]?qVAqVbF?]`qJUq`V;J?bjq5F?qAfU=8T?Ub8Rq
=?A?;bqIUq`f;Fq8qW]VWV`8RqK`qbF8bqIbqb]?8b`qbF?qW?]`VUqbVq:?q`8;]JAI;?=q8`q8q
T?]?qT?8U`qbVqJU;]?8`?qbF?qh?RA8]?qVAqVbF?]`qIUq`V;I?bjq]8bF?]qbF8Uq8`q8Uq
?Zf8QqW?]`VUq?UbJbQ?=qbVqbF?q`8T?q;VU;?]Uq8U=q]?`W?;bq8`qbFV`?qhFVq`b8U=q
bVq:?U?AIbqA]VTqFJ`qV]qF?]q=?8bFq
.VU8G9Uq 9cqq
(VUÌ`b?UbqhJbFqbFJ`q:?>]V;PqW]IU;IWQ?qbF?q3fW]?T?q(VfêqVAq(8U8=8qF?Q=qJUqbF?
q
;8`?qbF8bq=?UjIUBqW8bI?Ub`qbF?q8:JQIbjqbVq8;;?``qT?=J;8QRjqU?;?``8]j
`?]gI;?`qVfb`L>?qVAqbF?qWf:RI;qF?8QbFq;8]?q`j`b?TqIUqbF?qA8;?qVAqQVUBqh8IbqRJ`b`qJU
bF8bqWf:QI;q`j`b?TqI`q8qgIVQ8bIVUqVAqbF?I]qAfU=8T?Ub8Rq]JBFb`

qq4)2q!"q qa@<q q

*UqbF?q
=?;IÌVUqW]VFI:IbIVU`qVUq8;;?``qbVqW]Ig8b?qF?8QbFq;8]?qh?]?q`b]f;P
=VhUq:jqbF?q3fW]?T?q (Vf]bqVAq(8U8=8q8`q:?IUBq8UqfUNf`bJAI8:R?qgIVR8bIVUqVAq bF?

8U=qbF?q
]IBFb`qVAqW8bI?Ub`qbVqW]Vb?;bqbF?I]qVhU
WFjÌ;8Qq8U=qW`j;FVRVBI;8QqF?8QbF
0Vh,f`bI;?q/VU8F8UqWfbqbF?qAfU>8T?Ub8RqWVIUbq;Q?8]RjqAVRQVhIUBq

-8]B?RjqVg?]RVVP?=qJUqbFI`q8;8=?TI;q=?:8b?qh8`qhF?bF?]q8UjVU?qF8=q8Uq
8U`h?]qbVqbF?qAfU>8T?Ub8RqZf?`bIVUqVAqW]JU;JWQ?qbF8bqF8=qTVg?=qbF?q(Vf_bq
bVq IUb?]g?U?q JUq bF?qAI]`bqWQ8;?q 5FI`q[f?`bIVUqh8`q ÌTXQkq hF?bF?]q Jbq h8`q
Q?C8QQnq8U>qTV]8QQlqOf`bJAI8:R?qAV]qbF?q `b8b?qVUq bF?qVU?q F8U=qbVq]?\fJ]?q
IU=IgI=f8Q`qbVq8;;?``qF?8QbF;8]?q`?]gJ;?`qVUQlqbF]VfDFq8qfUIg?]`8SqÌUDQ?p
Y8m?]q `k`b?Tq 8U>q bF?U qVUq bF?q VbF?]
qbVq >?UnqbF?Tq 8;;?``q bVq U??=?=q
`?]gI;?q hF?Uq bF?lqh?]?qÌ;PqV]q =kIUEq +Uq `f;Fq;I];fT`b8U;?`q hFI;FqbF?q
(Vf]bqAVfU>qbVqW]?g8IRqJUq(8U8=8qbV=8jqh8`qIbqQ?BIbIT8b?qAV]qbF?q`b8b?qbVq
W]VFM:IbqIU>IgI>f8Q`qA]VTqfÌUBqbF?J]qVhUq]?`Vf];?`qbVq8;;?``qbH?q;8]?qbF?jq
U??=?>$q (VfR>q bF?q`J;Pq :?qR?B8QRjq ;VTW?RQ?=q bVq h8IbqJU=?AIUIb?QjqAV]q;8]?q
hIbFVfbq R?B8Qq ;VU`?Zf?U;?`q VAq 8Ujq PJU=q ?g?Uq JAq Jbq ]?`fQb?=qIUq 8q `?]JVf`q
>?b?]IV]8bIVUqVAqbF?I]qF?8RbFqV]q?g?UqbF?J]q>?8bF%q6?TWF8Ì`q8==?=7q
.VU9G8Uq 8dq q
1]VA?``V]q 'RI``q T8P?`q bF?q `8T?q WVJUbq 8bq bF?q ?U=q VAq FI`q ?iW?]bq ]?WV]bq JUq bF?`?
W]V;??=IUB`#
6&7 ;VfUb]jqbF8bq8`q8qT8bb?]qVAqWf:QI;qWVQI;jq:8]`qb]?8bT?UbqbVqbF?qÌ;PqIU
bF?qFVf]qVAqbF?I]qU??>q8U>qW8IUqF8`qRV`bqIb`qTVV]JUB`q8U=q>]IAb?=qJUbVqbF?
fUU?;?``8]jq8;;?Wb8U;?qVAq8q:Io8]]?qAV]TqVAq`V;I8Qq;]f?Qbj

B1P6BPG2HDCBH2PICPI52P0?.6AP/OPHCA2PI5.IPI52P 1206H7CBP6HPCB>OP/7B17B4P6B
%K2/20P&I.B>2OP!.GIIP% PA.12PI52P3C??CM6B4PC/H2GL.I6CB
"IPA.OPM2>>P/2PACCIPM52I52GPI52PA.;CG7IOHP1207H7CBP6HP2EK.>?OP.DD>70./>2P
6BPCI52GPDGCL6B02HP/20.KH2P47L2BPI52P37B17B4PC3PI52PA.;CG7IOPI5.IPD2CD?2P
.G2P 1O6B4P CBP M.6I6B4P ?6HIHP 6IP MCK?1P /2P DC>7I70.>?OP 7ADCHH6/?2P 3CGP.BOP
4CL2GBA2BIPICP.H<PI52P0CKGIHPICP47L2P7IPI52PG645IPICPKD5C?1PI52PHI.IKHPFKCP
'52PCB?OPDCHH6/?2P.G4KA2BIP3CGP.BP2?20I21P.IICGB2OP42B2G.>PICPA.<2P7BPI52P
3KIKG2P MCK?1P /2P I5.IP M.6IP I6A2HP 5.L2P /22BP 37N21P .B1P .G2P BCP ?CB42GP .P
DGC/?2AP CGP I5.IP D2CD?2P .G2P BCIP 7BP 3.0IP HK332G7B4P .B1CGP 1O7B4P 7BP I52P
DGCL6B02P
0(&#455+005$151$#5 "# %/%)(5/%"5)215$#'0$5 +#5,$#1),% 53/5

$#&1$5 -#5+#'%045
#+2+455 5
HP BCI21P./CL2P I52P CL2GBA2BIP 0.BBCIP D?.KH7/>OP 0>.7AP I5.IPD.I62BIHP .G2P BCI
5.GA21P/OP>CB4PM.7IHP6BPI52PDK/>60PHOHI2APCGPI5.IP6IP5.HPCGP0.BP36NPI52PDGC/>2A
HP I52P D.HIP I5G22P 120.12HP 5.L2P H5CMBP P .B1P .B.17.BP 4CL2GBA2BIHP 5.L2
G2D2.I21>OPDGCA6H21PICP37NPI52PDGC/>2APC3P@CB4PM.7IP>7HIHP.B1P5.L2P12LCI21P.B
2L2G4GCM7B4PDGCDCGI6CBPC3P I52P /K142IPICPI52P6HHK2P $L2GPI52P H.A2PD2G7C1P >CB4
M.7IP?6HIHP3CGP16.4BCHI60P.B1PHKG460.?PH2GL602HP5.L2P.0IK.>>OP4CII2BPMCGH2
B1P7B1221 PI52P CL2GBA2BIP5.HP2NDG2HH?OP12B621PI5.IP7IP7HPA.=6B4PI5CH2P0>.6AH

6BPI57HPIG6.?
,(-52P1232B1.BIP5.HPBCIPD821PI5.IP7IP0.BP36NPI52PDGC/?2AP )52P1232B1.BJP
5.HPBCIPD821PI5.IPI52PHOHI2AP6HP36B2P*52P1232B1.BIP5.HPBCIPD921PI5.IP7IP7HP
3KB121PHK336062BI?OP #IP5.HPBCIPD921PI5.IPM2P0.BP36NP.BOPC3PI52PDGC/>2AHP
+(/!.%*05 455 ,!$55

5
#ADCGI.BI>O
PI52P2L612B02PC3PKBB202HH.GOP.B1P.G/:IG.GOP5.GAP0.KH21PICPD.I72BIH
6BP P/OP2>7A6B.I6B4P HKDD>2A2BI.GOPDG7L.I2PCDI7CBHP6HP H64B6360.BI?OP HIGCB42GP.B1
ACG2P0CADG252BH7L2P7BPI52PDG2H2BIP.0I6CBPI52BP6IPM.HP7BP
HPI52P CL2GBA2BIHPCMBPM.7IPI7A2HP1.I.PH5CMHP I52PDK/?60P52.>I5P0.G2PHOHI2A

5.HP0CBH6HI2BI?OP3.6>21PICPA22IP2L2BPI52P CL2GBA2BIHPCMBPA.N6AKAP.002DI./?2
M.7IPI6A2HP3CGPL6GIK.??OP2L2GOPHKG460.@PDGC021KG2P.B1P/OP.PM612PA.G47B
+52G2P.G2P.?HCP2NIG2A2?OP?CB4PM.6IP>6HIHP3CGP0G7I70.?P16.4BCHI60PDGC021KG2HP M5605

M7>?P CB?OP /2P 2N.02G/.I21P /OP 2?6A6B.I6B4P I52P ./6?6IOP C3P D2GHCBHP ICP C/I.6BP I5CH2
H2GL602HPI5GCK45PDG6L.I2P16.4BCHI60P0?7B70HPM5705P5.L2PDGCL7121PI2BHPC3PI5CKH.B1H
C3PI52H2PDGC021KG2HP2L2GOPO2.G

8+F >0,F :;9(5,7F 9-F 598/F '8+F 0';7-@6F B'1>=F -9;F =@;/1*'6F *98=@5>'>298F '8+
+1'/89=>1*F=,;A2*,=F18F>0,F:@(51*F=D=>,7F0'=F/9>>,8FB9;=,F9A,;F>0,F:'=>FFD,';=
89>F(,>>,;
5>09@/0F>0,F"6'18>2--=F;,5DF98F>0,F9A,;87,8>=F9B8F+'>'F=09B18/F0@8+;,+=F9-
>09@='8+=F9-F:'>1,8>=F'FD,';FB'2>28/F(,D98+F>0,F7'C27@7F7,+1*'66DF'**,:>'(5,
B'1>F>17,=F-9;F7,+1*'5F:;9*,+@;,=F>01=F1=F89>F=17:6DF'F7'>>,;F9-F=>'>1=>1*=
A,;DF=18/5,F18+1A1+@'5FB09F1=FB'2>28/F-9;F>;,'>7,8>F28F>0,F:@)62*F=D=>,7F0'=F>0,1;

;1/0>=F18-;18/,+FB0,8F>0,F9A,;87,8>F5,/'66DF:;,A,8>=F>0,7F-;97F>'318/
=>,:=F>9F;,51,A,F>0,F:'18F-;97FB01*0F>0,DF';,F=@--,;18/F -;97F'A91+28/F>0,F;1=4F9-
:,;7'8,8>F:0D=1*'5F9;F7,+1*'6F+'7'/,=F'8+F-;97F9)>'2828/F>0,F+1'/89=>1*=F'8+
>;,'>7,8>F>0,DF8,,+F>9F='A,F9;F;,=@7,F>0,1;F52A,=
8F>0,F-'*,F 9-F >01=F*98=1=>,8>F 18'(151>DF >9F:;9A1+,F>27,6DF 7,+2*'5F=,;A1*,=F28F >0,

:@(62*F 0,'5>0F *';,F =D=>,7F 2>F 1=F 9-F :';>1*@6';F *98*,;8F >9F >0,F 0,'5>0F 9-F ;1>2=0
95@7)1'8=F>0'>F>0,F9A,;87,8>F0'=F+,*1+,+F>9F89BF:;9*5'27F>0,F7,8+7,8>=
>9F>0,F>0,;,(DF:;,A,8>18/F'**,==F>9F:;2A'>,F+1'/89=>1*F'8+F=@;/1*'6F=,;A1*,=
+@;28/F>0,F*9@;=,F9-F>0,F>;1'5FB01*0FB256F+,>,;728,FB0,>0,;F:;902(1>198=F98F'**,==
>9F:;1A'>,F7,+1*'5F*';,F';,F*98=>1>@>198'5
$0,F#@:;,7,F9@;>F9-F'8'+'F0'=F'6;,'+DF;@6,+F>0'>F=@*0F:;902(2>198=FA295'>,F>0,
-@8+'7,8>'5F;1/0>=F9-F'8'+1'8=F18F>0,FF *'=,
!9;,9A,; F=18*,F >0,F#@:;,7,F9@;>F9-F'8'+'F0'=F-@;>0,;F=>;,8/>0,8,+

>0,F*'=,F5'BF='-,/@';+18/F>0,F;1/0>F9-F28+1A2+@'5=F>9F:;9>,*>F>0,1;F9B8F0,'6>0F'8+
'**,==F>9F7,+2*'6F=,;A2*,=
%0,F 9@;>F0'=F0,5+F>0'>F =,*>298F F2=F ,8/'/,+F(DF '8DF =>'>,F 28>,;-,;,8*,

B2>0F'8F28+2A2+@'5=F:0D=2*'5F9;F:=D*0969/1*'5F18>,/;2>D F18*5@+18/F'8DF=>'>,
'*>198F>0'>F*'@=,=F:0D=1*'6F9;F=,;29@=F:=D*0959/1*'6F=@--,;28/
11 &0,F9@;>F0'=F,7:0'=1E,+F>0,F>,8'*19@=F;,5,A'8*,F28F9@;F5,/'6F=D=>,7F9-
>0,F:;28*2:5,F>0'>F*97:,>,8>F18+2A2+@'5=F';,F
'8+F=09@5+F ),F
-;,,F>9
7'3,F+,*1=198=F'(9@>F>0,1;F)9+26DF18>,/;1>D
$0,F9@;>F0'=F-9@8+F>0'>F>0,F;1/0>F>9F+,*1+,F98,=F9B8F-'>, 28F>,;7=F9-

7,+2*'6F>;,'>7,8>F'8+F>0,F-;,,+97F9-F:'>2,8>=F>9F +1;,*>F>0,F*9@;=,F9-F>0,2;

9B8F7,+1*'5F*';,F';,F:;9>,*>,+F(DF=,*>198F=F/@';'8>,,=F9-F51-, F51(,<>DF'8+
=,*@;2>DF9-F>0,F:,;=98F'8+
2A %0,F9@;>F0'=F0,5+F>0'>F1-F'F5'BF9-F(;9'+F'::52*'>298F0'=F>0,=,F ,-.,*>= F '

/;9==5DF +1=:;9:9<?198'>,F 9A,;);9'+ F 9;F ';(1>;';DF ,-.,*>F

2=
=@-.1*2,8>F>9F,=>')52=0F'F(;,'*0F9-F=F

35%3:7
:.#:5503.%8:%.%3,: 23XX/&.XXXX X#X
.#:5503.%8:%.%3+:7: %#&03#: XX/&.XXXX

)IXNSHH4MW XP>@NX@NX4X74N:X@IXU>@7>XP>:XE@;: XFB6:MPWX4I8XN:7SMAPWXJ;XP>:XL:MNJIXJ;

%M@P@N>X'JESH6A4INX 4M:X 8@M:7PFWX Q>M:4Q:I:8X 6WXP>:X NQ4P:X 8:LMBTBI=X Q>:HXJ;X Q>:
46@G@QWXPJX74M:X;JMXP>:@MXJUIX>:4EQ>X4I8XU:EE
6:@I=
! *QX @NX4X 7JINP@PSP@JI4EX 7E4AHX P>4PX ANXNQMJI=EWX NSLLJMP:8X 6WX :V@NP@I=X CSMBNLMS8:I7:
@I7ES8@I=X0SLM:H:X'JSMPXJ;X'4I484X4SP>JM@PWXJIXQ>@NXT:MWX@NNS:XP>4PX;4TJSMNXQ>:
-F4@IPA;;NX74N:
" $I8X@PX@NX4X74N:X@IXU>@7>XP>:X%'X(JT:MIH:IPX>4NX8:G@6:M4Q:EWXP4D:IXIJXNQ:LNXJT:M
P>:XL4NPXXW:4MNXPJXLMJ7E4@HXQ>:X$H:I8H:IQNXAIXP>:X;47:XJ;XFJI=X4I8X@I7M:4N@I=
U4@QXQ@H:NX@IXQ>:XLS6E@7XNWNQ:H X 6:74SN:X@QXDIJUNXQ>:X>4MHXP>4PX8J@I=XNJXUJSF8
74SN:X>4MH X 4I8XP>4PX Q>:M:X @NXIJX6:I:;@PXPJX 8JBI=XNJ X HS7>X E:NNX4XLM:NNBI=X4I8
CSNP@;@46E:XI::8XQJXP4D:XP>JN:XNP:LN

,IX P>:X N:7JI8X 6M4I7>X J;X P>:X !1/*$: P:NP X BMM:L4M46F:X >4MHX HSNPX 6:X
4NN:NN:8X@IXP>:X7JIP:VPXJ;X4X
7>4EG:I=: X4I8XUAFEX6:X:NP46G@N>:8XU>:M: XAIX
Q>:X46N:I7:XJ;XP>:XNP4WXJMX@ICSI7PAJI XQ>:XAIP:M:NPNXNJS=>QXQJX6:XLMJP:7Q:8X6WXQ>:

UJSE8X6:X@MM:L4M46EWXAI;MAI=:8XJMX>4MH:8
"0.+#:4623 :
.#:9:7:.#'.:) %358:%5: X
$NXAIXP>:X6MJ48:MX7JINPAPSQBJI4EX7>4EF:I=: XM:E:T4IPX>4MHNX4M:XIJPXG@H@Q:8XQJXQ>JN:
8@M:7PEWX@HL47Q@I=XP>:X-E4@IQA;;NX 1>:X'JSMPXBIX !1/*$:NL:7@;A74GEWXM:C:7Q:8
4IX4LLMJ47>XU>A7>X:V7ES8:NX7JIN@8:M4P@JIXJ;X4IWX>4MHXIJPX8@M:7QEWXNS;;:M:8X6WX4
L4MQWXPJXP>:X4LLFA74Q@JI
+:IRX.J57?X0.45(565(0.+:%-%#(%4:(.:.#:FKKO:
F:5<X:9X
5RXOOX
X
*IX488@P@JI XP>:X-E4@IP@;;X'GAI@7NX>4T:X4GM:48WX6::IX>:F8XPJXH::PXQ>:XQ:NQX;JMXLS6EA7
AIP:M:NPXNP4I8@I=XPJX48T4I7:XQ>:X7JINP@PSQ@JI4EX@IP:M:NPNXJ;XP>JN:X8:I@:8X477:NNXPJ
>:4EP>X74M:X4NX4XM:NSEPXJ;XP>:XLMJ>@6@PAJINX@IXQ>:X

(&!( #('($!(& (

('!(!!( C
$CC%=C8%;%CC
!5C =,)C 9;)<)5=C '%<)C -;;)9%;%&2)C ,%;4C @-33C &)C '%><)(C .*C =,)C -51>5'=.75C .<C 57=
+;%5=)(C-5C=,;))C9;.4%;BC@%B<
( (%( %%"
"7<=C <.+5-*-'%5=3BC ()9;.?-5+C ;-=-<,C 73>4&-%5<C 7*C %'')<<C =7C 5)')<<%;BC 4)(.'%2
'%;)C 7>=<.()C 7*C =,)C 9>&2-'C <B<=)4C @-32C '%><)C .;;)9%;%&2)C ,%;4C =7C =,)C 3-*)C %5(
<)'>;.=BC7*C9);<75C7*C9%=-)5=<C@,7C()9)5(C>975C=,7<)C<);?-')<C%5(C@,7C@.32C&)
*7;')(C=7C)5(>;)C,%;4*>2C()2%B<C-5C7&=%-5-5+C4)(.'%33BC5)')<<%;BC=;)%=4)5=
7;C=,)C;)%<75<C()<';-&)(C%&7?)C=,)C9;7'3%4%=-75C7*C=,)C4)5(4)5=<C@.23C'%><)
%22CC9,B<.'-%5<C%5(C9;-?%=)C'2-5-'<C=7C<=79C9;7?.(-5+C4)(-'%22BC5)')<<%;BC<);?.')<
75C%C9;.?%=)9%BC&%<-<

#)47?-5+C =,.<C 79=.75C *;74C 9%=.)5=<C *7;')(C =7C @%-=C .5C =,)C 9>&2.'C <B<=)4C *7;
4)(-'%22BC5)')<<%;BC=;)%=4)5=C@/22C '%><)C%C;%5+)C 7*C-;;)9%;%&2)C,%;4<C=7C;.=.<,
73>4&-%5<C-5'2>(-5+C=7
% 9%=-)5=<C@,7C*%-3C=7C+)=C%C=.4)3BC(-%+57<=.'C9;7')(>;)C=,%=C-()5=-*-)<C2.*)
=,;)%=)5.5+C'75(.=.75<C7;C(.<)%<)<C@,-',C4%BC'%><)C<);-7><C9,B<-'%2C,%;4
7;C)?)5C()%=,C@,-',C-<C=,)C47<=C.;;)9%;%&2)C,%;4C-4%+.5%&3)
& 9%=-)5=<C@,7C5))(C=;)%=4)5=C7*C%C'75(.=-75C-5C7;();C=7C%?7-(C9);4%5)5=
(%4%+)C=7C=,)-;C,)%2=,C%5(C*>5'=.75-5+C*7;C@,74C375+C@%-=C=-4)<C-5C=,)
9>&2-'C <B<=)4C *7;C %<<)<<4)5=<C (.%+67<)<C 7;C <>;+);.)<C '%5C '%><)
9);4%5)5=C9,B<-'%3C(%4%+)C7;C<>&1)'=C=,)4C=7C;)(>')(C47&.3.=BC7;C9%-5
*7;C=,)C;)<=C7*C=,).;C3-*)
' 9%=-)5=<C@,7C'%5C;)'7?);C*>22BC*;74C=,)-;C'75(-=-75C;)+%;(2)<<C7*C=,)C3)5+=,
7*C =,)C @%-=C *7;C =;)%=4)5=C *7;C @,74C 375+C @%.=C 2-<=<C <=-33C '%><)<C =,)<)
9%=-)5=<C =7C <>**);C .5C 9%-5C %5(C (-<%&.2-=BC *7;C 275+);C =,%5C =,)BC 7=,);@-<)
@7>3(C,%?)C=7C<>**);C %5(C=7C)5(>;)C%C()';)%<)(C:>%2-=BC7*C3.*)C7?);C=,%=
9);.7(C @-=,7>=C%5BC%?)5>)C*7;C'749)5<%=-75C%5(
( 9%=-)5=<C@,7C5))(C=;)%=4)5=<C9;7?.()(C&BC)5;722)(C 9,B<.'.%5<C-5C9;.?%=)

<>;+-'%2C '2-5.'<C %;)C 57=C%?%.2%&2)C -5C =,)C 9>&2-'C <B<=)4C @,.',C4)%5<C=,%=
=,)<)C=;)%=4)5=<C@.22C57C275+);C&)C%?%.3%&2)C.5C;.=.<,C73>4&-%
!5C%((-=-75C 9%=-)5=<C-5C%22C7*C =,)<)C'.;'>4<=%5')<C@-22C<>**);C'75<-();%&3)C<=;)<<

%5(C%5A-)=BC@,-',C@-22C2.40=C=,).;C)517B4)5=C7*C3.*)C %5(C*7;C<74)C.=C@-22C'%><)C7;
)A%');&%=)C <);-7><C 9<B',727+.'%2C '75(-=-75<C @-=,7>=C %5BC %?)5>)C *7;
'749)5<%=.75C*7;C=,)<)C,%;4<

! ,D]>N`YB>` Y>NW`C?` NPY` B\N=T>=W` P?` YBP\W8N=W` P?` QTD]8Y>` =D8ANPWYD;` 8N=` W\UAC;8I
QUP;>=\U>W`YB8Y`B8]>`9>>N`QTP]D=>=`8NN\8JJ_`CN`'TDYCWB`(PJ\M9C8`P]>T`YB>`Q8WY`
_>8UW`YP`Q8YC>NYW`DN`N>>=`P?`M>=C;8I`W>T]D;>W`YP`QUPY>;Y`YB>CU`B>8JYB`8N=`YB>`B8UM
;8\W>=` 9_` =>J8_W` CN` P9Y8DNCNA` YBPW>` W>U]C;>W ` YB>` W;PQ>` P?` YBCW` B8TM` 8N=` YB>
N\M9>U`P?`Q8YC>NYW`^BP`^CJJ`W\@@>U`DY`DW`CN;8J;\I89I>
# 0PN>` P?` YB>W>`B8TMW`8U>` ;PMQ>NW8:K>` CN` =8M8A>W` EN` JEABY` P?` YB>` =E??C;\LY_`P?
P9Y8CNCNA` =8M8A>W` DN` *:@&:I JCYCA8YCPN ` 8N=` YB>_` 8U>` YB>U>?PT>` 9_` =>?CNCYCPN
DUU>Q8U89J>`.N=>>= `8`;PNWYCY\YCPN8I`;I8WW`8;YCPN`PN`YB>`98WCW`P?`YB>`B8TMW`W\@?>U>=
9_`CN=C]C=\8IW`^BP`B8]>`9>>N`;8\W>=`8==DYEPN8J`QB_WC;8J`8N=`QW_;BPJPAC;8I`B8UM
=\>`YP`YB>`T>WYTC;YCPNW`PN`QUPY>;YCNA`YB>DT`P^N`B>8JYB`CW`CN;PN;>D]89I>
`8W`CY`^P\I=
JCG>J_`98NGT\QY`YB>`,P]>TNM>NY
"/,4IBI'CI:A4;C,"/I,4,;=':I6(I.44"' I-"'IBI'CI:A4;C,"/I `2))``

``2)1``8Z`R8T8X` ""`5/8<HEO6%`

I4$I4"IBIA' '"I>>6:4'EI'4':0I +IBIA' '"I??6:4'EI'4':0HI
$$7``2)1`$`
3B\W` 9UCNADNA`YB>`&M>N=M>NYW`CNYP`>??>;Y`^CJI`=>QUC]>`M8N_`'UCYCWB`(PI\M9C8N

Q8YC>NYW` P?` YB>` 89CJDY_` YP` ;8U>` ?PU` YB>DU` B>8JYB` 8N=` ^>KJ9>ENA` 8N=` ;8\W>` M8N_
YBP\W8N=W` P?` Q8YC>NYW` ]8TCP\W` ?PTMW` P?` CTU>Q8V89K>` QW_;BPJPAC;8J` 8N=` QB_WD;8J
=8M8A>
4BEW` ;PNWYCY\Y>W`8N`89TD=AM>NY`P?`YB>DUÙDABYW`YPÌE?>` JD9>U[_`8N=`W>;\UCY_`P?`YB>

Q>TWPN` 8N=` CTT>Q8U8:I>` B8UM` DW`;I>8TJ_` M8=>` P\Y` ^B>U>` YB>` 8QQIC;8NYW` ID?>
JC9>TY_`PT`W8?>Y_`MCABY`9>`8YÙCWG
');+CIBI4$I,=,G'4;+,8I4$I22,):=,64I$`+)``8Z`R8T8``
3B>` B8UM` ;8\W>=` YP` Q8YD>NYW` ^BP` 8U>` =>NC>=` YB>` M>=C;8I` ;8T>` [B>_` N>>=
=>W;UC9>=`89P]>`CW`YB>`QUDM8U_`98WCW`?PT`YB>Ù>JC>?`WP\ABY`CN`YBCW`8QQJC;8YEPN` 8N=
CW` MPU>` YB8N` W\@@C;C>NY` YP` M8G>` P\Y` CUU>Q8U89J>` B8UM` -P^>]>U` YB>U>` 8T>
8==CYCPN8J`DTU>Q8U8:I>`B8UMW`YB8Y`WBP\J=`9>`;PNWC=>T>=
.. ::&9:!1&I:3I@7I*F<.#.5<I5%I1.5.#ID5&:<
*N?PU;DNA`YB>`DMQ\AN>=`QUP]CWCPNW`M8_`T>W\IY`CN`QUC]8Y>`;KDNC;`P^N>UW`QB_WD;C8NW
8N=`8WWP;C8Y>=`Q>UWPNW`9>CNA`QUPW>;\Y>=`QU>F\=C;>=` PU`PYB>U^DW>`CMQ8;Y>=`9_
YB>` 8QQJD;8YCPN` P?` \N;PNWYDY\YCPN8J` J8^W ` ^CYB` NP` 8]>N\>` ?PU` 8=>S\8Y>` PT` 8N_
U>=T>WW
'TDNACNA` YB>` EMQ\AN>=` &M>N=M>NYW` CNYP` ?PU;>` ^DII` U>W\IY` CN` CN;PM>` KPWY` YP
QB_WD;D8NW` ^BPW>` 89CJCY_` YP` Q>T?PUM` W>U]C;>W` EN` YB>` Q\9IC;` W_WY>M` 8T>` WYTD;YI_
ICMCY>=`=\>`YPÙ8YCPNDNA` 3B>U>`DW`NP`8]>N\>`?PU`;PMQ>NW8YCPN`?PU`YB>W>`B8TMW`DN

Q=8\8V8IQ\Q=2Q\Q=8\C2W\>O\;JUI7\UI5JIOQ>RUR>JI2D\2I7\2O\OU5=\Q=8O8\=2MGO\2L8\4Y\
78:>I>Q>JI\>MM8K2M24C8\
*I\ 277>Q>JI\ >Q\ >O\ >GKJMQ2IQ\ QJ\ M85J[8\ R=2Q\H2IY\K=YO?5>2IO\ 5JIO>78L\ ?Q\ R=8>L
HJM2C\2I7\8Q=>52D\J4C><2R>JI\QJ\QM82Q\K2Q>8IQO\?I\Q=8\KM>V2R8\O85RJM\?:\R=8Y\2L8\IJR
24C8\QJ\KMJV>78\Q?H8DY\O8MV>58O\>I\ Q=8\KU4E>5\O85RJM\ 7U8\QJ\ M2Q>JI>I<\ J:\H87>52E
O8LV?58O\?I\Q=8\KU4C?5\OYOQ8G
%O\Q=8\'2I27>2I\+87>52D\%OOJ5>2R>JI\=2O\OR2R87"
1=8I\ 2558OO\QJ\ Q>G8CY\52M8\52IIJQ\48\ KMJV>787\>I\ Q=8\KU4C>5CY\:>I2I587\

OYOQ8G \ '2I27>2IO\ O=JUE7\ 48\ 24C8\ QJ\ UO8\ KM>V2Q8\ =82CR=\ ?IOUL2I58\ QJ\
M8>H4UMO8\Q=8\5JOR\J:\52M8\J4Q2>I87\>I\Q=8\KM>V2R8\O85QJM\\ \\
)JV8MIG8IQO\O=JUC7\8X2G>I8\KM25R>58\2MM2I<8H8IRO\W=8M8\K=YO>5>2IO\2M8\
24F8\RJ\WJMB\?I\4JQ=\Q=8\KU4D>5\2I7\KM>V2Q8\O85RJMO\OJ\2O\QJ\H2X?G>[8\R=8\
2V2?E24>D?RY\J:\ G87>52D\O8MV?58O\ K2MQ?5UD2MDY\>I\O?QU2Q>JIO\W=8M8\Q=8M8\ 2M8\
4U7<8Q2MY\5JIOQM2?IQO\M8OUCQ>I<\>I\>I8::?5?8IQ\UO8\ J:\ =UG2I\ M8OJUM58O\2I7\
K=YO>52D\?I:M2ORMU5RUM8\
)JV8MIH8IRO\O=JUD7\M8GJV8\42IO\KM8V8IQ>I<\K=YO>5>2IO\:MJG\JKQ>I<\JUQ\
JM\KN8V8IQ>I<\Q=8G\:MJG\KM25Q>5>I<\>I\4JQ=\Q=8\KU4C>5\2I7\KL>V2Q8\O85QJMO\
W=8L8\>R\52I\48\O=JWI\Q=2Q\Q=>O\WJUC7\>HKMJV8\2558OO\QJ\O8MV?58O\:JM\Q=8\
8IQ?M8\ KJKUD2Q>JI\ >I5M82O8\ Q=8\ 52K25>QY\ J:\ Q=8\ =82DR=\ 52L8\ OYOQ8G\ 2I7\
M87U58\W2>Q\Q?G8O\
/=2Q\ ?O\ W=Y\ OJ\ H2IY\ K=ZO?5>2IO\ =2V8\ 785@787\ RJ\ KMJV>78\ G87?52DCY\ I858OO2MY
O8MV>58O\?I\Q=8\KU4C>5\OYOQ8H\QJ\Q=8\:UDD\8XR8IQ\Q=2R\Q=8\&'\)JV8MIG8IQ\W2O\W>DC>I<
RJ\ 2DCJW \ W=?D8\ 2EOJ\ KMJV?7>I<\ 277>Q?JI2D\ O8MV>58O\ JUQO>78\ J:\ Q=2Q\ OYOR8G
IJQW>Q=OQ2I7>I<\Q=8\ KM8V>JUOEY\UI8I:JM587\KMJ=?4>Q>JIO\>I\Q=8\
0=8\KMJ5D2H2Q@JI\J:\R=8\%H8I7H8IRO\W>CE\;JM58\H2IY\K=YO>5?2IO\>IRJ\2I\8Q=>52E
7>E8HG2#\ Q=8Y\ 52I\ :UC:>C\ W=2Q\ Q=8Y\ 5JIO?78M\ QJ\ 48\ R=8>M\ GJM2D\ 2I7\ 8Q=?52C
J4D><2Q>JIO\ QJ\ K2Q>8IQO\ JL\ Q=8Y\ 52I\ L>OB\ 48>I<\ 5=2M<87\ W?Q=\ 2I\ J::8I58\ 2I7
KJQ8IQ>2EEY\EJO>I<\R=8>L\24>E?QY\QJ\KM25Q?58
%O\ IJ\ JI8\ O=JUE7\ 48\OU4A85Q87\ QJ\ 2I\ UI5JIOQ?QUQ?JI2C\ D2W\ K8MG?QQ?I<\ Q=8
%H8I7G8IQO\ QJ\ 5JH8\ >IQJ\ 8;:85R\ 2I7\ R=8\ 8I:JM58G8IQ\ J:\ Q=8\ >HKU<I87
KMJV>O>JIO
\ WJUE7\ 2HJUIQ\RJ\ >MM8K2M24E8\=2MH\QJ\ K=YO>5?2IO\>:\R=8\ ,D2>IQ>::O\2M8
OU558OO:UD\>I\Q=8>L\5=2CC8I<8

!\\.(-\!\3S\$

\P96\\3T\K3M3\

.<>P4]2P>K:>K:]S<6]J6K4J6KSQ]>KSL]67963S]W?DH]31UQ6]J1K[]NP>V1S6]QUP:>31D]1K4
4>1:KLQS>3]3D>K>3Q]SL]Q>:K>7>31KSD[]P64U36]S<6]Q6PV>36Q]S<6[]NPLV>46] 1K4]W>DD]D>B6D[
31UQ6]1S]D61QS]QLJ6]L7]S<6]NP?V1S6]QUP:>31D]1K4]4?1:KLQS>3]3D?K>3Q]SL]361Q6]NPLV>4>K:
Q6PV>36Q] 6KS>P6E[] ?K3DU4>K:]SL]6Z6JNS]N1S?6KSQ] 1Q]S<6[] W>DD]26]46NP?V64]L7] S<6
12?D>S[]SL]3<1P:6]7LP]Q6PV>36Q] NPLV>464]2[]6KPLDD64]N<[Q>3?1KQ] 1K4] SL]3<1P:6] S<6
144>S>LK1D]713>D>S[]766]K636QQ1P[]SL]J1>KS1>K]S<6]LN6P1S>LK]L7]S<6]NP>V1S6]3D?K?3Q
0KD>B6]?K]S<6]NU2D>3]<LQN>S1E]Q6SS>K:] W<6P6]S<6]3LQSQ]L7]LN6P1S>K:]S<6]713>D>S>6Q]?Q

N1?4]LUS]L7]NU2D>3]7UK4Q] NP?V1S6]3D>K>3Q]46N6K4]LK]S<6]12>D>S[]SL]3<1P:6]766Q]?K
144>S>LK]SL]S<6](,)]766Q]7LP]N<[Q>3?1KQ]>K]LP46P]SL]QS177]6OU?N]J1>KS1?K]1K4]PUK
S63<KLEL:?31EE[]14V1K364]J64>31D]713>D?S>6Q
.<6] J6K4J6KSQ] W>DD] >JJ64>1S6D[] 46NP>V6] 3D@K?3Q] L7] 1] Q>:K?7>31KS] QLUP36] L7
P6V6KU6]S<1S]S<6[]K664]SL]3LKS>KU6]S<6?P]LN6P1S>LKQ]W<>3<]?Q]KLS]3LJN6KQ12D6]?K
41J1:6Q] 1K4]W>DD]7UPS<6P]31UQ6]QLJ6]713?D>S>6Q]SL]6>S<6P]Q<US]4LWK]LP]4P1QS?31DD[
P64U36]S<6>P]31N13?S[
K4]>S]>Q]W6DD]6QS12D>Q<64]S<1S]S<6]DLQQ]L7]2UQ>K6QQ]LP] S<6]12?E>S[]SL]3LKS?KU6]>K] 1
NPL76QQ>LK]1P6]OU?KS6QQ6KS?1D]>PP6N1P12D6]<1PJQ]N1PS>3UE1PE[]W<6P6]1Q]<6P6]S<6P6
31K]26]KL]3LJN6KQ1S?LK]7LP]17763S64]N<[Q>3>1KQ]LP]3D>K?3Q
*%]-=1PN6]

/MPMKTM] 1K151]&1X]MMC]'MMR6F618]
1T]\]

1T]N1P1]]
(LP6]>JNLPS1KS]S<1K]S<1S]<LW6V6P]>Q]S<6]713S]S<1S]31UQ>K:]NP>V1S6]3D?K>3Q]SL]Q<US
4MYK] MP] P64U36] S<6AP] 31N13>S[] Y>DI] 41J1;6] S<6] AK7P1QTPU3SUP6] L7] <61DS<] 31P6
NPLV>Q>LK] >K]S<6]NPLV?K36] W<>3<]31KKLS]26]P6J64?64]LP] P6N1>P64] ?7] S<6] D1WQ]>K
OU6QS?LK]1P6]<6D4]UK3LKQS>SUS>LK1D
(1K[]L7]S<6Q6]713?D>S>6Q]<1V6]>KV6QS64]3LKQ>46P12G6]P6QLUP36Q]>K] QS1S6 L7
S<61PS
J64>31D]6OU>NJ6KS]QLJ6]L7]W<>3<]>Q]P1P6]LP]KLS]1V1>D12D6]1S]1DD]?K]NU2E?3]713>D>S>6Q
1K4]W<>3<]S<6]NP>V1S6]3D?K>3Q]J1[]26]7LP364]SL]4>QNLQ6]L7]>7]S<6]P6D?67]>Q]KLS]:P1KS64
"LP] 6Z1JND6] #1DQ6] !P66B],UP:?31D]!6KSP6] <1Q] 1K] (+$] J13<>K6]S<1S] 1EDLWQ] >S] SL
NPLV>46] JLP6] NP63>Q6] 1K4] 3LJNP6<6KQ?V6] ?J1:>K:] S<1K] S<6] (+$] J13<>K6Q
1V1>D12D6]>K]S<6]NU2E?3]Q[QS6J ] $K4664]KL]NU2E?3]<LQN>S1E]>K] !]<1Q]S<1S]J13<>K6
LP]S<1S]31N12>D?S[]>K]S<6]NU2E?3]Q[QS6J

'490I4E0M!,=-50M*GB24.,;M!0>FB0M3,EM,M10=F?E0.?>/M;,E0BMI34.3M,;;?IEM1?BM=?B0
,/H,>.0/M ,>/M @B0.5E0M .,F,B,.FM EGC20BKM ,>/M I35.3M /?0EM >?FM 0J4EFM 4>M F30M @G-;5.
30,<F3M.,B0MEKEF0=
"0EFB?K5>2M?BM/,=,24>2MF30M30,;F3M.,B0M5>1C,EFCG.FGB0MF3,FM3,EM-G5;FMG@M?H0BMF30
@,EFMFI?M/0.,/0EM I4F3MF30M,.AG60E.0>.0MEG@@?BFM,>/M0>.?GB,20=0>FM?1MF30M !
$?H0B>=0>FM
I4;<M>?FM?>;KM.,GE0M.;4>5.M?I>0BEM,>/M@3KE4.4,>EM5CC0@,B,-<0M3,B=
-GFMI6;;M1GBF30BM0J,.0B-,F0MF30M3,C=EMF?M@,F40>FEM;510M ;5-0CFKM,>/ME0.GB4FKM?1MF30
@0BE?>M1?;;?I5>2MF30M.?>.;GE4?>M?1MF30MFB4,;
#?BMF30E0MB0,E?>EM5FM5EM.;0,BM F3,FMF30M@0C=4FF5>2MF30M=0>/=0>FEMF?M.?=0M5>F?
0110.FM ?>M (.F?-0BM M M I6<;M.,GE0MH,B4?GEM1?B=EM ?1M 4BC0@,C,-;0M 3,C=M F?M F30
);,5>F511EM@3KE4.4,>EM.;4>4.EM,>/MF?M,;;M B4F4E3M!?;G=-4,>EMI3?MI6<<M-0M/0>50/MF30
,-4;4FKMF?M.,B0M1?BMF304BM?I>M30,;F3M.,B0M>00/E
+!+!(
EM F30M *G@B0=0M !?GBFM 3,EM C0.?2>4L0/M ,@@;6.,F4?>EM 1?BM 4>F0B;?.GF?BKM EF,KEM ?B
6>7G>.F6?>EM 4>M ,M .?>EF4FGF4?>,;M .3,<;0>20M C,5E0M E@0.4,;M .?>E5/0C,F6?>EM I30>M 5F
.?=0EMF?M/0F0B=4>5>2MF30M-,;,>.0M?1M.?>H0>50>.0
#"#+)+ +
&&!$*+ #+
""!" ""
+30M!?GCFM =GEFM E00:MF?M,EE0EEMF30M-0>014FM1;?I4>2M1C?=MF30M<,IEM0>1?D.0=0>FM41

,>KM,2,4>EFMF30MB423FEM,>/M?F30CM3,B=EMF3,FM,D0M,;;020/MF?M-0M4>1C5>20/M-KMF30M<,I
%FM 5EM I0;;M 0EF,-<5E30/M F3,FM F30C0M 4EM >?M @B0EG=@F6?>M ?1M .?>EF6FGF4?>,;4FKM 5>
.?>EF4FGF4?>,;M.,E0EMI30B0M6>F0B4=M4>8G>.F6H0MB0<501M5EME?G23FM5>M0,.3M.,E0M,M.?GBF
=GEFM .?>E6/0BM F30M .?>E0AG0>.0M F?MF30M @G-;6.M ?1M >?FM 0>1?B.4>2M ,M<,IM @0>/4>2M ,
/0F0C=4>,F4?>M?1M4FEM.?>EF6FGF4?>,;4FK
&!+
+) +&#!"!& +&!#%+&+ """
"

" %'"#+!"""
+3GEM F30B0M 4EM ,M ;?I0BM F3C0E3?</M 1?BM ?-F,4>5>2M 4>F0C<?.GF?BKM C0;401M I30B0M >?
E62>414.,>FM3,B=MI?G;/M-0MEG110B0/M-KMF30M@G-;5.M EM/0E.C5-0/M-0;?IMF3,FM5EMF30
.,E0M30C0M5>/00/M,MEF,KM?1MF30M?@0C,F4?>M?1MF30M=0>/=0>FEMI4;;M.;0,B;KM-0>014F
F30M@G-<4.
&#!"!& +&!#%+%'"#+!" "
"%'"#+!"

"
&FM5EM,;E?M.B5F4.,;MF?MB0.?2>4L0MF3,FM5>M.?>EF5FGF5?>,;M.,E0EMF30M2?H0B>=0>FM/?0EM>?F
3?;/MF30M=?>?@?;KM?H0BMF30M@G-;4.M4>F0B0EFM,FMF30M-,;,>.0M?1M.?>H0>40>.0MEF,20

[
-=3R[>Q[5863SQ8[ 8H:JO6>H;[ R=8[B3U[K8H7>H;[ R=8[ JSR6JG8[ J9[ 3[ 6JHQR?RSR?JH3C

6=3BE8H;8[ 63H[ >H[ :36R[9SOR=8O[R=8[ KS5F>6[>HR8O8QR[ JO[3R[ C83QR[ HJR[=3OG[?R[ !Q[R=8
,SKO8G8[#JSOR[=3Q[8VKB3?H87
'JU8T8O[ R=8[ <JT8OHG8HR[ 7J8Q[ HJR[ =3T8[ 3[ GJHJLJDW[ JH[ R=8[ LS5C?6[
@IR8O8QR [!Q[#3QQ8BQ[KJ?HRQ[JSR[3R[K
[[
0=?E8[>R[?Q[J:[SRGJQR[?GKJOR3H68[RJ[6JHQ?78O[R=8[KS5B>6[>HR8O8QR[>H[
R=8[53E3H68[J9[6JHT8H?8H68[R=8[KS5E>6[>HR8O8QR[?H[E?R?;3R>JH[
>Q[ HJR[ SH8NS?TJ63B[ JO[ 3QXGG8RO?63E[ ?H[ R=8[ U3X[ QS;;8QR87[ >H[
.=8[ !RRJOH8X[ %8H8O3B[ ?Q[ HJR[ R=8[ 8V6BSQ>T8[
O8KO8Q8HR3R>T8[ J9[ 3[ GJHJD>R=?6[ KS5E>6[ >H[ 7?QKSR8Q[ HJO[
7J8Q[ R=8[ 3KKB>63HR[ 3EU3XQ[O8KO8Q8HR[ JHEX[3H[ >H7?T>7S3E>Y87[6B3?G [
)JQR[J:R8H[R=8[3KKE>63HR[63H[3BQJ[6B3?G[RJ[O8KO8Q8HR[JH8[T>Q?JH[J9[
R=8[KS5B?6[?HR8O8QR[,>G>B3OBX[R=8[KS5D>6[?HR8O8QR[G3X[HJR[3BU3XQ[
;O3T>R3R8[?H[93TJSO[J9[8H9JO68G8HR[J9[8V?QR>H;[E8;?QE3R>JH[1[8GK=3Q>Q[
377872[

3R[M4O4[[
(H[R=?Q[63Q8[R=8[KS5C?6[>HR8O8QR[6B83OBX[:3TJSOQ[QSQK8H7>H;[R=8[B8;3B[89986R[J9[R=8
*O78O>H#JSH6?B[K8H7>H;[R=8[6JH6ESQ>JH[J9[R=>Q[6JHQR?RSR?JH3D[RO>3B
-=8[ =3OG[ 63SQ87[5X[ 8H9JO6>H;[ R=8[?GKS;H87[KOJT?Q>JHQ[J9[R=8[ ?Q[Q8T8O8

U?78QKO837[3H7[?OO8G87?35E8
"X[ 6JHRO3QR[ 3Q[ R=8[ "O?R>Q=[ #JCSG5>3H[ ;JT8OHG8HR[ =3Q[ O86J;H?Z87[ :JO[ JT8O[
X83OQ[ R=8O8[?Q[HJ[6JH68>T35B8[KS5E?6[ 58H89?R[?H[ Q88A?H;[RJ[ 8H9JO68[R=8[ >GKS;H87
KOJT>Q?JHQ[3R[3ED[GS6=[B8QQ[>GG87?3R8DX[3H7[KO>JO[RJ[R=8[6JSOR[=3T>H;[78R8OG?H87
R=8[6JHQR>RSR?JH3E?RX[J:[R=8Q8[T8OX[KOJT?Q>JHQ
/=3R[@Q[U=X[R=8[&JT8OHG8HR
>
=3Q[ HJR[ 8H9JO687[ R=8[ O8QRO?6R>JHQ[ >H[ R=8[ JH[ 3668QQ[ RJ[ G87>63BCX
H868QQ3OX[Q8OT>68Q[3R[3HX[KJ>HR[39R8O[O8QRP?6R?JHQ[U8O8[8H36R87[?H[
>> 7?7[HJR[KOJ6E3>G[R=8[!G8H7G8HRQ[>HRJ[9JO68[9JO[[X83OQ
>>? =3Q[ 6JH6DS787[ HJ[ 3S7>RQ[ J9[ 3HX[ KO?T3R8[ QSO;>63B[ 6B>H?6Q[ JR=8O[ R=3H
#3G5>8 ,+#[3H7[$3DQ8[#O88A[,SO;>63B[#8HRO8[JO[K=XQ?6>3HQ[3R[JR=8O[6E?H?6Q
Q?H68[R=8[3S7?R[3H7[>HQK86R>JH[KJU8OQ[U8O8[9>OQR[8H36R87[>H[
>T =3Q[3EQJ[3BO837X[3;O887[RJ[QSQK8H7[R=8[8H9JO68G8HR[J:[R=8[ 3;3>HQR

#3G5>8[3H7[,+#[SHR?B[6JGKB8R>JH[J9[R=8[6JHQR>RSR?JH3B[63Q8[3H7

R <1MU MEQ;<OU DEU =D?QD4O>EDMU 1;1=DMOU 1DTU FI=R1O7U 4@=D=4MU EO<7IU O<1D
'1C3=7/.'U 67MF=O7U O<7U :14OU O<1OU C1DTU 1I7U 1D6U <1R7U 377DU EF7DAT
EF7J1O=D;U=DU3J714<UE9UO<7U 9EIU674167M
*DU @=;<OU E9U O<7U)ER7IDC7DOMU 4EDM=MO7DOU 1447FO1D47U E9U O<7UEF7J1O=EDUE9UFJ=R1O7

4B=D=4MU F7I:EIC>D;U C76=41A@TU D747MM1ITU MQI;=41@U 1D6U 6>1;DEMO=4U FIE476QJ7MU =DU
3I714<UE:U O<7U :EJUO<7UF1MOUUT71IMUFI7M7IR>D;UO<7UMO1OQMUHQEUSEQ@6U=DUDEU
S1TU<1JCUO<7UFQ3@>4U=DO7J7MO

UN85U"U2PUF2J2MU!"U
*D6776U91JU9IECU<1JC=D;UO<7UFQ3A=4U=DO7I7MOUO<7UM7IR=47MUFJER>676U3TUF<TM>4=1DM
>DUFJ=R1O7UMQI;=41@U1D6U6=1;DEMO>4U4A=D=4MUS<>4<U1I7UOEUO<7UMQJ;7I=7MU1D6
6=1;DEMO>4U FIE476QJ7MU O<1OU O<7U )ER7IDC7DOU =MU S=@A=D;U OEU F1TU 9EJU E3R=EQMAT
7D<1D47UO<7UFQ3@>4U=DO7I7MOUE:U&I=O=M<U'EAQC3=1DMU=DU1447MM=D;UOI71OC7DOU9EIUO<7>J
C76=41@UD776MU 1D6U 166=O=ED1@U 6EU MEU3TU 71M=D;U O<7U MOI1=DU FA1476U EDU O<7UFQ3@=4
<71@O<41I7UMTMO7CU3TUA7D;O<TU1D6UQD1447FO13@7US1=OUO=C7M
%MUO<7D -J7C=7JU(EM1D?<UMO1O76U=DU#
QD@7MMU1D6UQDO=@UO<7UFQ3@>4U<71@O<U41J7UMTMO7CU=DU &'U 41DUFIER>67UO=C7@TU
C76=41AUM7JR=47UOEU&'UJ7M>67DOMUO<7J7U=MU1UD776U:EJUFI>R1O7U4@=D=4MUMQ4<U1MU
'1C3=7U=DUO<7UFJER=D47UOEU1@@7R>1O7UO<7UMOJ1=DUEDUO<7UFQ3@>4UMTMO7CU
/=D47U O<1OU O>C7U O<7U 67@1TMU =DU E3O1>D=D;U C76>41@@TU D747MM1JTU OJ71OC7DOU >DU O<7
FQ3@>4UMTMO7CU<1R7UDEOU=CFIER76$UO<7TU<1R7U4EDM=MO7DO@TU;EOO7DUSEJM7
%MU1UI7MQ@OUO<7UD776U9EJU&K=O=M<U'E@QC3>1DMUOEU<1R7U1447MMUOEU1@O7ID1O>R7U1R7DQ7M
:EIUC76=41@UOI71OC7DOU=DUO<7U9147UE9U<1IC:QAU67A1TMU=DUO<7UFQ3@>4UMTMO7CU<1MUD7R7J
377DU;I71O7I
0<7I79EI7U7R7DU=9U4EDMO=OQO=ED1@=OTUE9UO<7UFIER=M>EDMU>MUQAO=C1O7@TUQF<7@6U1DUEI67J
MQMF7D6=D;UO<7UEF7I1O>EDUE9UO<7U,I67J
=D
'EQD4=@UF7D6=D;UI7ME@QO=EDUE9UO<7U%4O>ED
S>@@UDEOU<1ICUO<7UFQ3@=4U=DO7J7MO
*D6776UO<7UEFFEM=O7U=MUOIQ7U1MUO<7U1R1=A13=@=OTUE:UC76=41@@TUD747MM1ITU41J7US=@AU37
7D<1D476U3TU4EDO=DQ=D;UO<7UFJ14O=47MUO<1OUO<7U)ER7IDC7DOU1D6UA7;>M@1OQJ7U<1M
1447FO76U9EIUER7IUUT71JMU1D6US<>4<U<1MU=CFJER76UO<7U1447MMUOEU<71@O<U41I7U:EI
&I=O=M<U'E@QC3=1DM
+DU 166=O=EDU S<=@7U O<7U /QFJ7C7U 'EQIOU <1MU <7@6U O<1OU 1U R1@=6ATU 7D14O76U 3QO
4<1@@7D;76U@1SUM<EQ@6U37UFI7MQC76UOEU37U6>I74O76UOEUO<7UFQ3@=4U;EE6U1D6UM7JR7M
1UR1@>6U FQ3@=4U FQIFEM7U O<7UFI=C1JTUI7@=79U MEQ;<OU >DU O<=MU %FF@>41O=EDU >MU DEOU O<7
MQMF7DM>EDUE9UO<7UEF7I1O=EDUE9UO<7U
2OUG2L2U"U

),C40A JC40J ':,5=C621BJ?A6<,AHJA0:601J6BJ,JBC,HJ>1J,=J &A/0A6= >D=.6:J6BBD0/J-HJC40

-A,=.4J>1JC40J">E0A=<0=C JG46.4JG>D:/J<,5=C,5=JC40JBC,CDBJ@D>J5=JC40
?A>E6=.0 J,=/J,F>6/JC40J6AA0?,A,-;0J4,A<BJ>DC:6=0/J,->F0
*46BJ5BJ =>CJ,J BDB?0=B6>=J >1J ,JBC,CDC0JC4,CJ ',A:6,<0=CJ >AJ ,J ;036B;,CDA0J 4,BJ /D;H
0=,.C0/J1>AJC40J?D-;6.J3>>/J ,CJ?,A,J J -DCJ,JBC,HJ>AJBDB?0=B6>=J>1J,=
,.CJC4,CJC40JA0:0E,=CJ;036B;,CDA0J/0:6-0A,C0;HJ/6/J=>CJA0@D5A0JG40=JC40
BC,CDC0J G,BJ ?,BB0/ J >AJ 1>AJ J H0,ABJ C40A0,1C0A J ,=/J G46.4J 5BJ .>=CA,AHJ C>J C40
">E0A=<0=CBJ.:0,AJ/0.5B6>=JC>J=>CJ0=,.CJC40B0J?A>E6B6>=BJ6=J:634CJ>1JC40J4,A<JC40H
G>D:/J.,DB0JC>JA6C6B4J >:D<-6,=B
+40A02>A0 J ,=HJ ?A0BD<?C6>=J C4,CJ C40J;036B;,C6>=J G6::J?A>/D.0J ,J ?D-;6.J3>>/J >A

B0AE0J,JE,:6/J?D-:6.J?DA?>B0J/>0BJ=>CJ,=/JB4>D;/J=>CJ,??:HJ5=JC46BJB6CD,C6>=
DCJ0E0=J61JC46BJG0A0J.4,A,.C0A6I0/J,BJC40JBDB?0=B6>=J>1J/D;HJ0=,.C0/J:036B:,C6>=
C40J1,.CJ C4,CJC40J J ">E0A=<0=CJ4,BJ=>CJ ?A>.:,6<0/J6=C>J 1>A.0JC4,CJ:036B:,C6>=
,=/JC40J J;036B:,CDA0J4,BJ=>CJA0@D6A0/J6CJC>J/>JB>J1>AJC40J?,BCJ JH0,AB JG6C4>DC

,=HJ/0CA6<0=C,:J6<?,.CJ>=JC40J?D-:6. J.:0,A;HJB4>GBJC4,CJC40A0J6BJ=>J?A0BB6=3J?D-:6.
6=C0A0BCJ6=J/>6=3JB>J=>GJC4,CJG>D:/J>DCG0634JC40J4,A<BJC4,CJG>D;/JA0BD;C
#=/00/ J C40A0J 6BJ =>J 3>>/J >AJ E,:6/J 40,:C4.,A0J A0,B>=J 2>AJ C40J ">E0A=<0=CJ C>
?A>.;,6<J C40B0J <0=/<0=CBJ /DA5=3J C40J .>DAB0J >1J C40J CA5,:J ,CJ ,:;J %>C46=3
-0=016.6,:J5=JC0A<BJ>1JC40J,..0BB5-6:6CHJ>1J?D-:5.J40,:C4J.,A0J6BJ,.460E0/J A,C40A J6CJ
G6;;J:0,/JC>J,J3A0,C0AJ=D<-0AJ>1J?0>?;0J4,E6=3JC>J>-C,6=JCA0,C<0=CJ5=J,=J,:A0,/H
>E0A;>,/0/J?D-:6.JBHBC0<
=/ J C40J .>=B0@D0=.0J>1J?A>.:,6<5=3JC40J,<0=/<0=CBJ5BJ C>J 6=1;5.CJD==0.0BB,AH

4,A<J>=JC40J40,:C4J>1J A6C6B4J >:D<-6,=BJ-HJ/0=H6=3JC40<JC40J,-6:6CHJC>J,..0BB
?A6E,C0J/6,3=>BC6.JC0BC6=3J,=/JBDA36.,:JB0AE6.0BJ,BJC40HJ4,E0J/>=0J>E0AJC40J?,BCJ
H0,ABJ #=/00/ J ,BJC40J0E6/0=.0J6=JBD??>ACJ >1JC46BJ,??:6.,C6>=J0BC,-:6B40B J A5C5B4
>:D<-5,=BJ G5::J -0J/0=60/J ,/E,=.0/J<0/5.,;JC0.4=6@D0BJ1>AJ/0,:6=3J G6C4J C406A
40,:C4J.,A0J?A>-;0<BJC4,CJ,A0J?A0B0=C:HJ>=:HJ,E,6:,-;0J5=J?A6F,C0J.:6=6.B
$CJB00<BJ.:0,AJC4,CJC40J">E0A=<0=CBJ?DA?>B0J6=J?A>.;,6<6=3JC45BJ:036B:,C6>=J6BJC>J
<,90J,J?>;6C6.,:JBC,C0<0=CJ,->DCJ6CBJE60GBJ>=J?A6E,C0J40,:C4J.,A0 J-HJ0;6<5=,C5=3
,..0BBJC>JBD.4J.,A0J/DA5=3JC40J.>DAB0J>1J ,JCA6,;JC>J/0C0A<6=0JG40C40A J7DBCJ,BJ6=
(D0-0. JG4>B0JA0B6/0=CBJG0A0JB6<6:,A;HJ1,.0/JG6C4J;0=3C4HJG,6CJC6<0BJ1>AJBDA36.,;
B0AE6.0B J?A>46-6C5>=BJ>=J?A6F,C0J40,:C4J.,A0J,A0JD=.>=BC5CDC5>=,; JA03,A/:0BBJ>1JC40
4,A<J6CJG>D;/J6=1;6.CJ>=J A6C6B4J >:D<-5,=BJ-HJBC>??5=3JC40J.:6=6.BJ1A><J?A>E6/6=3
?A6E,C0J 40,;C4J .,A0J ?A6>AJ C>J C40J .>=BC6CDC5>=,:6CHJ >1J C40J J ?A>46-6C6>=BJ -05=3
,/8D/6.,C0/
!6=,::HJ C40J4,A<JC>J ?A>C0.C0/J5=C0A0BCBJ>1J JA0B6/0=CBJ,A0JB63=616.,=C;H

<>A0JG0634CHJ6=JC46BJ.,B0JC4,=J6=J>C40AJ.,B0BJ5=JG45.4JC40J.>DACBJ4,E0J/0.:6=0/JC>

@QQS<X 7XQSQM<JQ@KJX K=X 7XE7UX KJX R?<X 87QAQX R?7RX @RX IA>?RX 8<X=KSJ;X RKX 8P<79?X R?<X
"&
,J;ATA;S7EQXU?KX7P<XMP<T<JR<;X8VXR?<X QR7R<X =PKIX799<QQAJ>XI<;A97EFVXJ<9<QQ7PV

RP<7RI<JRXRKXMPKR<9RXR?<APX?<7ER?X7J;XU<EE8<AJ>X7J;XU?KXUAFEXQS==<PXAPP<M7P78F<
M?VQA97EX7J;XMQV9?KEK>A97EX?7PIQX7QX7XP<QSERX7P<XQS8C<9R<;XRKX=7PXIKP<XQ<P@KSQX7J;
M<PI7J<JRX?7PIQXR?7J
A 7JXAJ;ATA;S7EXU?KXI7VX8<XUPKJ>EVX;<JA<;X7XTKR<X@JX7XQ@J>E<X<E<9R@KJX<>
#&$&
""%& &&& 46XX1'0X!
AA 7JX AJ;AT@;S7EX R<IMKP7PAEVX MP<T<JR<;X =PKIX QN<J;AJ>X IKJ<VX KJX MKE@RA:7F
97IM7A>JAJ>X=KPX7XM<PAK;XK=XRAI<X<> X& #
AA@ 7X 9KPMKP7RAKJX 8<AJ>X =KP9<;X RKX <JR<PX @JRKX 7X 9KEG<9R@T<X 7>P<<I<JR

""&"!& # &KP
AT 7X 9KPMKP7RAKJX U?KQ<X 78@EARVX RKX 7;T<PR@Q<X RK8799KX MPK;S9RQX AQX 8<@J>
P<QRP@9R<;X& #
3?<X?7PIQXQS==<P<;X@JXR?KQ<X9AP9SIQR7J9<QX7P<XQ@IMFVXJKRX9KIM7P78E<XRKXR?<X?7PI
R?7RXUKSE;X8<X97SQ<;X8VX;P7I7R@97FFVXP<;S9@J>XR?<X7T7@F78@EARVXK=XI<;@97EXQ<PT@9<Q
@JXR?<XMPKTAJ9<XKT<PJA>?RX7J;X;<MP@T@J>X7EEX&P@R@Q?X'KFSI8@7JQXK=XR?<X78@E@RVXRKX97P<
=KPX R?<APX KUJX ?<7FR?X AJX R?<X=79<X K=X QA>JA=A97JRX7J;X ?7PI=SFX;<E7VQXAJX R?<XMS8F@9
QVQRJ<;X >KT<PJI<JRX 79RAKJX UBFEX NP<T<JRX &PAR@Q?
'KFSI8A7JQX=PKIXMPKR<9R@J>XR?<APXKUJX?<7GR?X7J;XU<EE8<AJ>XQ?KSF;XU<@>?X?<7TAFV
AJXR?<X87E7J9<XK=X9KJT<JA<J9<X7QX@RX?7QX@JXKR?<PX97Q<QX@JXU?A9?XR?<P<XU7QX7XPAQDXRK
R?<XQ<9R@KJXXAJR<P<QRQXK=X7JXAJ;ATA;S7F
2<<X<
>X !0)0!0.',!&#0!0 $'"!/0 X)(X"X
"$&0) 0 (($+0 !&'$'"$0"0!'%"0 "$&0 5X/-X.LX#X
&*0)
0 !0'-!&#0!0 $'"!0X*(X#X
$0)0!0X*(XX
,JX QSII7PVX M<PIARRAJ>X MP@T7R<X 9E@J@9QX 7J;X M?VQ@9@7JQX RKX 9KJR@JS<X RKX MPKTA;<
I<;A97EFVX J<9<QQ7PVX Q<PTA9<QX UAR?@JX R?<X &P@R@Q?X 'KESI8A7X ?<7FR?97P<X QVQRQR7J;@J>XQR7RSQXOSK
%QX R?<X &'X +KT<PJI<JRX ?7QX P<9K>JAW<;X =KPX ;<97;<QX MP<Q<PT@J>X R?AQX QR7RSQX OSK
UKSE;XAJXJKXU7VX?7PIXR?<XMS8F@9X@JR<P<QR$X@RXU@EEXMPKR<9RXARX8VXI7AJR7@J@J>X7XTAR7H
7J;X J<9<QQ7PVX M7PRX K=X R?<X ?<7FR?X 97P<X QVQR<IX @JX R?@QX MPKTAJ9<X M<J;@J>X R?<
KSR9KI<XK=XR?@QX9KJQR@RSRAKJ7EX9?7EF<J>IJI=ED4BPG=;<IPIE
4668HHPFG>K4I8P64G8PL<8G8PI<8NP4G8P<4GC87P5NPBED;PL4=IHP>DPI<8PFJ5A>6PHNHI8CPH88@
IEP8A=C=D4I8PI<>HPEFI=EDPF8D7=D;PI<8PEJI6EC8PE:PI<=HP6EDHI=IJI=ED4BPIG>4B
EGP 4BBP E9P I<8P 45EK8P G84HEDHP I<8P 54A4D68P E9P 6EDK8D=8D68P 94KEJGHP HI4N>D;P EG
HJHF8D7=D;PI<8P*G78G=DEJD6>BP4D7PI<8P+B4=DI>:9HP4G8P8DI=IB87PIEPI<8PG8A=89PH8IPEJI
<8G8=D

::>74K=IPPE9PG PG=4DP4NPC478P"JBNPP

99>74K>IPPE9P !EDEJG45B8P 'G P EG7EDP4CF58ABPC478P#JANPP
::=74K=IPPE:PGP'4G@P E7B8NPC478P#JD8PP

:9=74K=IPPE9PGP $8K=DP/478PC478P"JD8PP
99=74K=IPPE:PGPC=DP"4K8GPC478P"JD8PP
::=74K=IPPE9PGP $8DP-88I<G4CPC478P#JD8PP
99>74K>IPPE:P GP (4KG4?P!8G4DPC478P#JD8PP
9:=74K=IPPE9P'HP788B4P<4II>PC478P#JBNPP
::=74K=IPPE9P'H
P-I8F<4D>8P)=6<EBHPC478P"JANPP
99=74K>IPPE:PGP4GG8DP%4O4G8PC478P"JBNPP

99=74K=IPPE:P'HP,8D88P%=DPC478P#JD8PP P
::=74K=IPPE9P'HP ,8D88P&>DPIEP58PHLEGD
K=78D68PIG4DH6G>FIHP8M<=5=IHP4D7P499=74K=IHPI8D78G87P>DPI<8PJD78GBN=D;P46I=EDPIE
58PHF86=:=87P5NP6EJDH8B

.<8PFA847>D;HP4D7PFGE6887=D;HP<8G8>DP4D7
-J6<P9JGI<8GP4D7PEI<8GPC4I8G=4BHP4HP6EJDH8APC4NP47K=H8P4D7PI<>HP!EDEJG45B8PEJGI
C4NPF8GC=I
.<8P4FFB>64DIHP8HI>C4I8PI<4IPI<8P4FFA=64I>EDPL>AAPI4@8PILEP<EJGHP
1P 3P .<=HPC4II8GP=HPL>I<>DPI<8P?JG=H7=6I>EDPE9P4PC4HI8GP
203 .<=HPC4II8GP=HPDEIPL>I<=DPI<8P?JG=H7=6I>EDPE9P4PC4HI8G

_
1,_1 _-/0,+0_/"3#+_1 #0_+,1#_,_--(%1$,+_ #C_^P[_]GUF_YP_SBVQPOA_YP_YFGU_

OPYG?B_ PC_ <QQJH?<YHPO_ ^P[_N[UY_ ]HYFHO_ _ >[UHOBUU_ A<Û_<CYBS_ UBS\G?B_ PC_ YFGU_ OPYG?B_ PC_
<QQKG?<YHPO_PS_ GC_YFHU_<QQJH?<YHPO_GU_>TP[DFY_[OABT_/[JB__ ]HYFIO__>[UHOBUU_A<Û_<CYBS_
UBS\H?B_PC_YFHU_OPYG?B_PC_<QQKG?<YHPO_
< CHJB_<O_<QQJH?<YHPO_TBUQPOUB_GO_PTN_
> CHLB_YFB_PSGDGO<J_PC_B\BT^_<CCHA<\HY_<OA_PC_B\BT^_PYFBS_AP?[NBOY_YF<Y
H ^P[_HOYBOA_YP_SBCBT_YP_<Y_YFB_FB<SHOD_PC_YFGU_<QQKG?<YHPO_<OA
GH F<U_OPY_<KTB<A^_>BBO_CGKBA_GO_YFB_QSP?BBAGOD_<OA
? UBS\G?B_PO_YFB_<QQJH?<OY__?PQHBU_PC_YFB_CPKJP]HOD_<OA_PO_B\BT^_PYFBT_Q<TY^
PC_TB?PSA_POB_?PQ^_PC_YFB_CPJJP]GOD
H <_@PQ^_PC_YFB_CHJBA_<QQJG@<YHPO_SBWQPOUB
HH <_?PQ^_PC_B<?F_PC_YFB_CHKBA_<CCHA<\GYU_<OA_PYFBS_AP?[NBOYU_YF<Y_^P[
HOYBOA_YP_TBCBT_YP_<Y_YFB_FB<SGOD_PC_YFGU_<QQJH?<YHPO_<OA_YF<Y_F<U_OPY
<JTB<A^_>BBO_UBS\BA_PO_YF<Y_QBSUPO
GGH HC_YFGU_<QQJH?<YHPO_GU_>SP[DFY_[OABT_/[JB__<O^_OPYH?B_YF<Y_^P[_<SB
TBR[HSBA_YP_DG\B_[OABS_/[KB_
2_ &[K^__ _
-BYBT__<KJ_
P[OUBJ_YP_YFB_QQJG?<OYU_
1P_>B_?PNQJBYBA_>^_YFB_?P[SY_POJ^_
,SABT_N<AB_
5_7_HO_YFB_YBSNU_TBR[BUYBA_GO_Q<S<ES<QFU_9:;_PC_.<SY_
_PC_ZFHX_OPYH@B_PC_=QQMH@=ZHPO_
6_8_]HYF_YFB_CPJJP]HOD_\<SH<YHPOU_<OA_<AAHYHPO<J_YBTNU_
<YB_
0HDO<Y[SB_PC_58_'[ADB_ 6_8_ *<UYBS_

1!#0_..)#1#,+_#+3,(30_1 _,)),4#+_
5_8_ AGU?P\BT^_?PNQJ^_]HYF_ABN<OA_CPS_AP?[NBOYU_

Plaintiffs Notice of Application Injunction Filed 2018.07.06

Uploaded by

Document Information

Original Title

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

Plaintiffs Notice of Application Injunction Filed 2018.07.06

Uploaded by

Copyright:

Available Formats

!

*P0&&P-+ P*P*'*-P3''#$* P"4&P-'3&+'&

&5D9PF:P5GGC?75ELIP(=6Z%G.>KS>9:QZ.I/>6Z'UO<6O?6RZLOMLO.S@LKZ =OAPZ=>.W.SS>Z .K5YZ

 I?.B72=BAIE.6BI7=I?.6=I.=1I32.@I E6B5I16A./;6=4I0>=17B6>=AI B>I>/B.7=I.IA?207.;6AB

 *><2I?.B62=BAI AC05I.AI B5>A2I E7B5I17.4=>A21I>@I C=16.4=>A21I 0.=02@I>@I0.@17.0

 +5.BI7AI E5GI3>@I>D2@IIG2.@AI B52I!>D2@=<2=BI5.AI=>BI2=3>@021IB52I?@>56/6B7>=A

 !F1T.JT.TI2JM?KT .T@.I52T FME/2IT G3THI7O.K2T18.5FGJK70TK2JK8F5T3.07?7K72JT.F1THI8O.K2

 +62TKI7.?TG3TK62T.0K8GFT/25.FTGFT(2HK2E/2IT TT.F1T8JTGF5G7F5

 *62T2JJ2F02TG3TK62T 'B.8FK74JT 0?.7ET7JTJ7EH@2 T .JTK62T5GO2IFE2FKT6.JTFGKTHIGO8121

 !JTK62T(MHI2E2T#GMIKT3GMF1 TI.K7GF7F5TE2180.?TJ2IO702JT7FT.TE.FF2ITP6706T0.MJ2J

 +,:A !20A #+!4*%$A64A 79,0A A

 $suNIlCsuICqsNCzIsNj|h uNIqIPshjljssPD\INCqfujuNIlxD\PFNIC]uNFCqI

 >NI -jzIqhfIhusCsuNCuuNIqICsjhPulqjF\CPfIHuNICfIhHfIhusHxqRhLuNI

 )zIhVJuNIhI|CfIhHfIhusFqICuIH InxVuCD]I CFFIss  |NVFN uNIHjhju  uNI

 0h ChIzIhu uNI hI|CfIhHfIhusHjhjuFqICuI InxPuCD\ICFFIssujhIFIssCq

051=F9KL !D:F:E9L "@=G>2:1?EL 31?L 1=I1KEL@2F1:?L>@D5LF:>5<KL >54:31=LFD51F>5?FL :?

 $2,G !:(3<A4--G'(:3+G 2(:-(::(2G3@G (G?3A4@2G=:B;)4(G ?,@3+,<AGD2=G@B--,?,+G@,?4=B@

 %2,G ,-,<+(<AGAA=?<,FG,<,?(:G?,>?,@,<A@GA2,G=C,?<;,<AG=-G ?4A4@2G=:B;)3(

 , "'&*%,)&,) ,#!%)!(,&%()!)*)!&%#, ##%

  (/ "=7'"/= 4)7)6'=1,8.)/6='9"=""/=,"=71= "66=24*97"=!*&/167) =*.&(/&

  '"= 4(6"=1#=24)97"=684&* -=/!=!)&/167) = ,*/* 6= )6= 7'"= 4"68,7=1#=7'"=47(1/(/&=1#

 *;"!= 8!&"76= :"4"= */741!8 "!= */= 7'"= -7"=

 1!<=684&"1/6='9"=9"4<=,).)7"!=12"47)/&=7*."=(/=7'"=28-( =6<67".= .8 '=-"66

 1="/,"=4(7)6'=1-8.(/6=71= 1/7(/8"=71= "66=7*.",<=684&"4*"6= !"62(7"=7'"

 7=7'"=6."=7)."=7'"6"=684&"1/6="-)"9"!=6741/&-<=(/= 7'"=28-* =6<67".=/!=!*!

  1:"9"4=7'"=19"4/."/7=711+=/1= 7*9"=67"26=71="/#14 "=7'"=241'**7*1/=1/=!8-

 %/1>G=+>B5A+*G19G@/+G +*1)'5G$+<C0)+>G:770>>0:9G):77+9)09.G'9G'B*0AG:,

 !-(H-(#6B-H&#@(H<)H @0B0A-H<7C:$0#;AH'(=(;'AH<;HB-(H &<;B.;C('H#$07.BGHB<H#&&(AA

 -(H 6#.;B0))AH &<;AB0BCB0<;#6H &-#77(;,(H-#AH$((;H$@<C,-BHB<H (;AC@(HB-0AH;(&(AA#@G

 -(H 6#/;B0)*AH-#D(H&-#66(;,('HB-(H=@<-/%0B/<;AH0;H B-(H <;H 'C#7H =@#&B0&(H #;'

 *H #;GB-/;,H B-(H  

 5D7<02DD D>/*D(?9:*5>D6@*954*5>D796(3&04*)D05>6D+69(*D7<6@0=065=D05D>/*

 ! !!! !!

$ ,SFUFTE[ -PKVN?F>OT[ BYRBSGBO@B[ KPOD

    

$ =>FU[ UGNBT[ CPS[AF>DOPTUF@[UBTUFOD[FO[ ,SFUGTE[-PJVN?F>[ TV@E[ >T[48MT [ -:[T@>OT [ >OA

$# +T[PC[+RSGJ[ [UEB[$ RBS@BOUFKB[X>FU[UFNB[ XEG@E[FT[UEB[UGNB[>U[XEF@E[[PC

$$ :EFT[FT[KPODBS[UE>O[UEB[$ RBS@BOUGKB[X>FU[UGNB[FO[>OZ[PUEBS[SBRPSUGOD[RSPWFO@B[>U[

 <E>U[GT[?B@>VTB [>T[UEB[  1>@UT[BYRK>FO [UEB[,-[RV?KF@[EB>KUE[@>SB[TZTUBN

 1\q+aQdRcOq,_Vh[BRAqdOIq# `IaFI\dRVIqjARdqdR[IcqK_aq7:VcqOAiIqQ\FbIAcIGqcdIAGRWl

nAq 3IiIVqqn[AkR[h[q[IGRFAWWlqAFFI`dABWIqjARdqdQ[Iq_KqqO_hbc jARdqdR[Icq

nCq 4IiIWqq o[AkR[h[q[IGRFAWVlqAFFI`dABVIqjARdqdR[Iq_Kq qGAlcq

nFq 4IiIWqqn[AkR[h[q[IGRFAWVlqAFFI`dABVIqjARdqdR[Iq_KqqGAlc jARdqdQ[Icq

nGq 3IiIVqq[AkR[h[q[IGRFAVWlqAFFI`dABWIqjARdqdQ[Iq_KqqGAlcq jARdqdR[Icq

>IiIqG_\IqiIblqKIjq ?7:Vc@q R^qdOIq`hBVRFqclcdI[q_bq\_dqI\_hMOq7:Vcq1\q

 =ORcqcO_jcqdOAdqjRdO_hdq`aQiAdIqGRAM\_cdRFqR[AMQ\MqKAFRWRdQIcqKRWWR\MqdOIqMA`q jORFO

 )8?8<-F<N O!"O-<GAO5-GO-?A@3OI51O<A@31GIOL-7IOI8?1GO2AEO"*OG/-@GO7@OI51O/AJ@IEN

 ,58<1OH51O4B D1E/1@H9<1OL-8HOH8?1O2AEOH51O?AGHOJE31@HO DE8AE7HNOO"*OG/-@GO5-K1

 #AEOCE7AF8H81GOO?-M8?J?OO0-NGO-@0OO?-M7?J?OO0-NG OH51O6O C1E/1@H8>1

 //AE08@3OHAO H51O $AK1E@?1@HGO<8?8H10O0-H-

AMnoy EPogNRjyYcyoVZny 9gqnRytRyjMYnRQyoVRyPMnRygSy CXPVMR]y8g^QaMcySkgay

" JVRjRSgjRy oVRnRy]RcUoVvyQR]MvnyXcygNoMXcYcUycRPRnnMjvy QXMUcgnRny ]X\Ry CG^n y 3J

   

    * #$*!#*#!#%)*#!'#$

  &WaWY8Y?=a:_a(2.1aDPaYC?aRT?8O:N?aYQaDYWaT?RQTYa?PYEYM?=a&*$* * *

" &WaYC?a!a(1-0a 5?RQTYa ?ORC8WD`?W a YCDWa=8Y8a<Q\?TWaQPM_a78EYa6]QaYGO?WaEPaYC?

# 4UQ\DP<?WaQYC?TaYC8Pa '(aA?P?U8NM_aT?RQTYa78DYa6]Qa:8W?=aQPa YC?a)?<DWDQPa)8Y?

 )1D1?B4191AAHB41H0-B-HA4=EAHB4-BH ?6B6A4H=9C;.6-H6AH0=5<3H>==?9GHE6B4H?13-@0HB=

 $<H>-@B6/C9-?HB41H9-B1ABH%#&H0-B-HA4=EAHB4-BH;-<GH?5B6A4H =9C;.6-<AH-@1HE-6B6<3

/ H=2H H>-B71<BAH6<H<110H=2H/-B-?-/BAH-@1H<=BH?1/15D6<3HB@1-B;1<BHE5B46<

1 H=2H H>-B61<BAH6<H<110H=2H?-06-B5=<HB41@->GH2=@H/-</1?H0=H<=BH?1/16D1H6BH

 '<H-005B6=<HB41H$#'H!-B-H2=@HH2=@H?6B6A4H =9C;.6-HA4=EAH<=H6;>?=D1;1<BH5<

. 8<11H @1>9-/1;1<BAH

P0&&P-+ PP'-P3''#$*P"4&P-'3&+'&

&5D9PF:P5GGC?75ELIP(=6Z%G.>KS>9:QZ.I/>6Z'UO<6O?6RZLOMLO.S@LKZ =OAPZ=>.W.SS>Z .K5YZ

I?.B72=BAIE.6BI7=I?.6=I.=1I32.@I E6B5I16A./;6=4I0>=17B6>=AI B>I>/B.7=I.IA?207.;6AB

*><2I?.B62=BAI AC05I.AI B5>A2I E7B5I17.4=>A21I>@I C=16.4=>A21I 0.=02@I>@I0.@17.0

+5.BI7AI E5GI3>@I>D2@IIG2.@AI B52I!>D2@=<2=BI5.AI=>BI2=3>@021IB52I?@>56/6B7>=A

!F1T.JT.TI2JM?KT .T@.I52T FME/2IT G3THI7O.K2T18.5FGJK70TK2JK8F5T3.07?7K72JT.F1THI8O.K2

+62TKI7.?TG3TK62T.0K8GFT/25.FTGFT(2HK2E/2IT TT.F1T8JTGF5G7F5

*62T2JJ2F02TG3TK62T 'B.8FK74JT 0?.7ET7JTJ7EH@2 T .JTK62T5GO2IFE2FKT6.JTFGKTHIGO8121

!JTK62T(MHI2E2T#GMIKT3GMF1TI.K7GF7F5TE2180.?TJ2IO702JT7FT.TE.FF2ITP6706T0.MJ2J

+,:A !20A #+!4*%$A64A 79,0A A

$suNIlCsuICqsNCzIsNj|h uNIqIPshjljssPD\INCqfujuNIlxD\PFNIC]uNFCqI

>NI -jzIqhfIhusCsuNCuuNIqICsjhPulqjF\CPfIHuNICfIhHfIhusHxqRhLuNI

)zIhVJuNIhI|CfIhHfIhusFqICuIH InxVuCD]I CFFIss |NVFN uNIHjhju uNI

0h ChIzIhu uNI hI|CfIhHfIhusHjhjuFqICuI InxPuCD\ICFFIssujhIFIssCq

$2,G !:(3<A4--G'(:3+G 2(:-(::(2G3@G (G?3A4@2G=:B;)4(G ?,@3+,<AGD2=G@B--,?,+G@,?4=B@

%2,G ,-,<+(<AGAA=?<,FG,<,?(:G?,>?,@,<A@GA2,G=C,?<;,<AG=-G ?4A4@2G=:B;)3(

, "'&%,)&,) ,#!%)!(,&%()!))!&%#, ##%

(/ "=7'"/= 4)7)6'=1,8.)/6='9"=""/=,"=71= "66=2497"=!&/167) =*.&(/&

'"= 4(6"=1#=24)97"=684&* -=/!=!)&/167) = ,/ 6= )6= 7'"= 4"68,7=1#=7'"=47(1/(/&=1#

;"!= 8!&"76= :"4"= /741!8 "!= */= 7'"= -7"=

1!<=684&"1/6='9"=9"4<=,).)7"!=12"47)/&=7*."=(/=7'"=28-( =6<67".= .8 '=-"66

1="/,"=4(7)6'=1-8.(/6=71= 1/7(/8"=71= "66=7.",<=684&"4"6= !"62(7"=7'"

7=7'"=6."=7)."=7'"6"=684&"1/6="-)"9"!=6741/&-<=(/= 7'"=28-* =6<67".=/!=!*!

1:"9"4=7'"=19"4/."/7=711+=/1= 79"=67"26=71="/#14 "=7'"=241'71/=1/=!8-

%/1>G=+>B5A+G19G@/+G +1)'5G$+<C0)+>G:770>>0:9G):77+9)09.G'9G'B*0AG:,

!-(H-(#6B-H&#@(H<)H @0B0A-H<7C:$0#;AH'(=(;'AH<;HB-(H &<;B.;C('H#$07.BGHB<H#&&(AA

-(H 6#.;B0))AH &<;AB0BCB0<;#6H &-#77(;,(H-#AH$((;H$@<C,-BHB<H (;AC@(HB-0AH;(&(AA#@G

-(H 6#/;B0)*AH-#D(H&-#66(;,('HB-(H=@<-/%0B/<;AH0;H B-(H <;H 'C#7H =@#&B0&(H #;'

*H #;GB-/;,H B-(H

5D7<02DDD>/D(?9:5>D6@9545>D796(3&04)D05>6D+69(D7<6@0=065=D05D>/*

!!!! !!

$ ,SFUFTE[ -PKVN?F>OT[ BYRBSGBO@B[ KPOD

$ =>FU[ UGNBT[ CPS[AF>DOPTUF@[UBTUFOD[FO[ ,SFUGTE[-PJVN?F>[ TV@E[ >T[48MT[ -:[T@>OT[ >OA

$# +T[PC[+RSGJ[[UEB[$ RBS@BOUFKB[X>FU[UFNB[ XEG@E[FT[UEB[UGNB[>U[XEF@E[[PC

$$ :EFT[FT[KPODBS[UE>O[UEB[$ RBS@BOUGKB[X>FU[UGNB[FO[>OZ[PUEBS[SBRPSUGOD[RSPWFO@B[>U[

<E>U[GT[?B@>VTB[>T[UEB[ 1>@UT[BYRK>FO[UEB[,-[RV?KF@[EB>KUE[@>SB[TZTUBN

1\q+aQdRcOq,_Vh[BRAqdOIq# `IaFI\dRVIqjARdqdR[IcqK_aq7:VcqOAiIqQ\FbIAcIGqcdIAGRWl

nAq 3IiIVqqn[AkR[h[q[IGRFAWWlqAFFI`dABWIqjARdqdQ[Iq_KqqO_hbc jARdqdR[Icq

nCq 4IiIWqq o[AkR[h[q[IGRFAWVlqAFFI`dABVIqjARdqdR[Iq_Kq qGAlcq

nFq 4IiIWqqn[AkR[h[q[IGRFAWVlqAFFI`dABVIqjARdqdR[Iq_KqqGAlc jARdqdQ[Icq

nGq 3IiIVqq[AkR[h[q[IGRFAVWlqAFFI`dABWIqjARdqdQ[Iq_KqqGAlcq jARdqdR[Icq

>IiIqG_\IqiIblqKIjq ?7:Vc@q R^qdOIq`hBVRFqclcdI[q_bq\_dqI\_hMOq7:Vcq1\q

=ORcqcO_jcqdOAdqjRdO_hdq`aQiAdIqGRAM\_cdRFqR[AMQ\MqKAFRWRdQIcqKRWWR\MqdOIqMA`q jORFO

)8?8<-F<N O!"O-<GAO5-GO-?A@3OI51O<A@31GIOL-7IOI8?1GO2AEO"*OG/-@GO7@OI51O/AJ@IEN

,58<1OH51O4B D1E/1@H9<1OL-8HOH8?1O2AEOH51O?AGHOJE31@HO DE8AE7HNOO"*OG/-@GO5-K1

#AEOCE7AF8H81GOO?-M8?J?OO0-NGO-@0OO?-M7?J?OO0-NG OH51O6O C1E/1@H8>1

//AE08@3OHAO H51O $AK1E@?1@HGO<8?8H10O0-H-

" JVRjRSgjRy oVRnRy]RcUoVvyQR]MvnyXcygNoMXcYcUycRPRnnMjvy QXMUcgnRny ]X\Ry CG^n y 3J

#$!##!#%)#!'#$

&WaWY8Y?=a:_a(2.1aDPaYC?aRT?8O:N?aYQaDYWaT?RQTYa?PYEYM?=a&$

" &WaYC?a!a(1-0a 5?RQTYa ?ORC8WD`?W a YCDWa=8Y8a<Q\?TWaQPM_a78EYa6]QaYGO?WaEPaYC?

# 4UQ\DP<?WaQYC?TaYC8Pa '(aA?P?U8NM_aT?RQTYa78DYa6]Qa:8W?=aQPa YC?a)?<DWDQPa)8Y?

)1D1?B4191AAHB41H0-B-HA4=EAHB4-BH ?6B6A4H=9C;.6-H6AH0=5<3H>==?9GHE6B4H?13-@0HB=

$<H>-@B6/C9-?HB41H9-B1ABH%#&H0-B-HA4=EAHB4-BH;-<GH?5B6A4H =9C;.6-<AH-@1HE-6B6<3

/ H=2H H>-B71<BAH6<H<110H=2H/-B-?-/BAH-@1H<=BH?1/15D6<3HB@1-B;1<BHE5B46<

1 H=2H H>-B61<BAH6<H<110H=2H?-06-B5=<HB41@->GH2=@H/-</1?H0=H<=BH?1/16D1H6BH

'<H-005B6=<HB41H$#'H!-B-H2=@HH2=@H?6B6A4H =9C;.6-HA4=EAH<=H6;>?=D1;1<BH5<

. 8<11H @1>9-/1;1<BAH

BHC2/H</<,/AH</=C3?=/.HC2/HC+A1/CHC2+CH<?BCH4DA3B.3-C3?=BH

1+3=H C2/A/H +A/H .300/A/=-/BH+<?=1H2/+9C2H +DC2?A3C3/BH !0HF/H 8??7H+CH 23@H

*2+CH3BHC2/H+E/A+1/HF+3CH0?AH-+C+A+-CHBDA1/AGH3=H A3C3B2H?8D<,3+

).'.. )"* ,.))#"-.$)(.+)-.-..

IQIL18QJ83Q !QFH9DH:JPQ1D23IQ4LHJ83HQIF3194PQJ83QB/O9BLBQ/113FJ/0=3QN/:JQJ9B3

.83Q#DM3HCB3CJIQ2/J/QI8DNIQJ8/JQJ83Q?/H73QB/;DH9JPQD4QF/J93CKIQ:CQ C332QD4QJ83I3

"DHQ9CIJ/C13Q4DHQ89FQH3F=/13B3CJQILH73HPQJ83QIJ/J9IJ91IQ4HDBQJ83Q !Q-LH7:1/=Q+/J:3CJ

!$ $!$" #$ !$ !$!$

"#F++9j 2T^j +_cRH_TcTbj 7]T\cj 4j!jgMMXb '*j !!)j %j !$j

"#F++;j 2T^j +_cS_TcUb8]T\cj !j#jgMMXb ")j "(j j (j

"#F++<j 2T^j +adR_TcTb8]T\cj "j&jgMMXbj !&j !j !""j !j

"#F++=j 2V^j +_cR_TcVb7]T\cj #j !jgMMXbj !(*j !#)j (#"j !($j

"#F++>j 2T^j +adS_VcTb7]W\cj $j!&jgMMXb !j #)j $*j $)j

$34?F4?F6A?@F<;.F.D:=8.F >FEF5;F34?F14-B4@F F>.B4.C?F@3.FC5@F@4:.F-@F0<>

&34?F 5?F.B4-.;@F 4;F@3.F<B.>;:.;@?FC4@F@5:.F -@*F0<>FF ,<;@4;.-F5;F

!%&+!. !%&!.)!(+!&%. )"&)!+-. &+#. . &+$. .

k+# k ajVZcYV>cMBk B>^YcMDk k k iEEQak k

,!%%$,",$ , )%,+ ,&,",&$, #, ,$(,

,S $ND8S 0D25IS

*S 0D25IS 'O0HRS S SP55=LS S S

(%S ?0445HS 0D25IS SSP55>L S

(%S ?0445IS 0D25IS /;M:S SS /55=LS S S