21 9

   

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

TUVWXYZ[\]XWX^_Y

`abcd efgghijcgkhlgfefglmnjcoglgplciaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaq`
rstuvwxyvz{ztx{|}z~saaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaq
st|wzxtyv{|zsaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa`
stx|xv|}ztx }z~ttvz~saaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa`
sty|}ztvz~ttx }z~saaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaq
st vyxtxt}z~t}}|zw}xtzt|vzsaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
stxwzxsaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
st}y}{|zxtztz~zvzsaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa`
stzxtu{|}z~t zz~ttzxtztv}|}ztzt~}|zsaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
stxxtt|xv|}ztwwz~saaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa

TUVWXY^_]\YVW^\Y
ttttsstx vxtt}wvvwzxttwwxtw}xty~xz~txtwwxt~x|z~}zxttwv }zzt}}zt
z~zvzt|xyzwzsaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaq`
srst}wtyvz zw}|z}tv~zwtzvztzt|x vxtxt|xwxt w}|xsaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
^_ZYV[T
stx|} wxt}|xtt}y~txtzx~saaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaq`
rstx|} wxttx|z~v}xtz wz~tttz|wxtyvz zw}|z}t t~t|}xz~txtzt|x xtz|v}xtzt
|x vxtxtwwxsaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaq

uttu
st}w ztuvz|}xz~t }xtrsaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaq`
rstx|}wxttxvyz}zxtttyv|}z wxttzv}xtzwzttvxyvz zsaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaq
stx|}wxtv}xttw|x~xy}ztv~z|}xzxtzt}wvzwt}wvwttzt|xvv}xt~wv}|xsaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaq
stz|xwtu{|tvxtrsaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa`
stx|}wxt}|xttyvzztzt}xv zxsaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa

ut
stx|}wxsaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaq`
rstwvwvztxtxvtxtvz}~saaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaq`
stuvyz}zxtxtxvt|w}xsaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaq

a`aYod khkilfmnjcokfglmgkhokfglmaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaq
stxvttx~|}zsaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaq
stv}|}xtzt }}wvzxt~}|zsaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaq
stwxt }}wvzw}xsaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaq
st}ttsrttrsaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa``
st}|}wzxsaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
sstzt xz~}zsaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
srst}ztt}}y}}~}zsaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
stvyxt~wv}|xt}ttsrttrrt|vwxttsttrt|vwxttsttrsaaa
rstv|}vxtwxvttztvy~zxtxtvz}~saaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
st vx}zt }}wvzw}zt}ttsrttrrsaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa`
st}yxttw}|ztxtv}xvt~}|xsaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa

t
stx|}wxtt~zz wxtyxvz wz~ttxvz wxtt|xwz}~}zt~}|zsaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaq`
rstt}wvxtxtwzxtzt|xx }zsaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaq
st}w ztt~zz wxtvz~t}ttsrtttt}ttsttrrsaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaq
sst~zxt~v}zz~ttsaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa`
srst}tt}vwv}tuvz wv}zttusaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa`
sst}tuvz wv}ztz~ttusaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa`
st~z}{|zxt|x }|ztztv|}wzttztxvz wv}zsaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaq
st|wvz~}zxttv|vxtxvz wv}xsaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
stwztxvz wv}xsaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
stx}xsaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
sstx|}wxsaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
srstvzv|}zttv|vxt|vwxttsttrrtxvwzv}ztwv }}wv}z~t tttt
rrt}ttst|vwxttst}ttsrrrrsaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
stvwzxtt|xwzt|vwxttstttttttt vxttraaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
tstxwvx~t}wvxttwvxtzt|xtxvz wv}zaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
stvxyvz zttzt|xw}ztxttv~zw}ztzxtwxvtt|~wvzsaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
stxz}~}zt}|z~saaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa

_^][\^bXT]X\Y[W[^\V[^^\YT
stutwxvtt|~wvztztxw}w}xtvz~saaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaq`
rstwvwvztxvyz}z|}xz}tt|x w|}ztxt }}wv}xtzt~wvztttztw}zt}|~zzsaaaaaaaaaaaaaaaaaaq
stx~w}|ztvxyvz zttztxt }}wv}xtzt~wvzsaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa`
stut~zxtz|}xz~tt~wvzt}ttrsttrrrsaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
stut}w ztz|}xz~tt~wvzst ztxw}w|}xz~tttrttx vxttrraaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
stutvxyvz ztz|}xz~ttx}xtzt~wvzttut}txzwtt}ttsttrrt|vwxtt
srttttsraaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaq
sst |z} xttx wxttzw}}ztz}x}z~t ttrrrttrsaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
stvvzxttvxwxtzxtzwv} }xt|~wvz~tvz}~}vxsaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaq
st~wvztt}|~xtx|}z~saaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
st|xx }ztzt|~wvzsaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
stwv}zt|~wvz~saaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
srtw}xt|~wvz}saaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
st~wvzttxtx~} wxt|~wvz~tww~saaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa`

TUVWXYZ[\]XWX^_Y


jA4B50B3=23C/=6B5/E4A:5C/A/95=81852A/7/9A=:1858A/5h

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

)$-) &

//7/439A=c3934/A;/303B3=2A;/H6=85B3=251;/83/6B5/
54>6B3=25]^AC/83/6B/E4A93;;AC/83/6B5/7EA95/}=3;23/95;AC/E4A96\
OKJLRMXLMoRO|XLMRMXLMKQo[O|SXLnMXLMVKSLMQRTPRJMXMYRJZXq

./0123452645/7/5/5423/83/4394154/5245:7;/85/0<=>65/3;94125?/@3=8A/
5;;1BC/23BA;/:D41A;/21EA;/83/>F=34A;/23G2651;C/HA4B5;/83/3;94125I/
JKLMKMNOKPQRMQSTUVWQKQRMRPUXPYOKQKMZRWKLMZRLLXKLM[MKMSPYROZORYK\
]^A/83/23G2A;?/_ 612A;/81`3B/a63/=^A/;5b3B/1=234E43254C/A6/a63/7/
B612A/81H<910?/@3/:A9F/23B/EA695/0312645C/9A=;3a63=23B3=23/234D/
EA695/54>6B3=25]^AC/EA695/:1;^AC/EA69A/EA=2A/83/:1;25/3/6B/>45=\
83/B38A/83/1=234E43254?/./1=234E4325]^A/7/A/5054>5B3=2A/8A;/cA41\
`A=23;?/d/3;;3/5054>5B3=2A/59A=2393/e6;25B3=23/a65=8A/cD/0312645?/
@ABA;/H45>B3=2A;/83/=A;;A;/3;9412A;C/83/=A;;A;/E3=;5B3=2A;C/83/
=A;;5;/c1;2f415;C/B6125;/:3`3;/9A=2585;/EA4/A624A;?/g65=25;/:3`3;/
:A9F/=^A/036/50>A/3/E3=;A6h/ijA;;5C/303/81;;3/268A/a63/36/E3=;A?k/
lXJMUROYRmKnMopOSKLMoRmRLqMrRJXLMKsMKMSQRPYSTUKtuXMQRMPXLLXLMZRP\
;5B3=2A;/9AB/A;/E3=;5B3=2A;/8A;/562A43;C/B5;/E545/a63/59A=23]5C/
ZRWXMJRPXLMPuXMYRPvKMZORNVStKMQRMZRPLKOnMORwRYSOnMxXOJKOMSQRSKLMRM
3;943:34/a65=8A/E6834/3/a61;34?
yA4=54\;3C/EA425=2AC/50>67B/a63/3;943:3/3/a63/0F/3B/=A;;A/
E5<;/7/6B5/2543H5/D4865C/B5;/59438123C/:5034D/5/E3=5/E545/;65/:185/
H62645?/dC/B3;BAC/a63/:A9F/81>5/a63/1=234E43254/7/81H<910C/:A9F/
3G349125/1;;A/5/2A8A/A/BAB3=2A?/dG349125/5245:7;/83/;65/0312645/83/
B6=8A?/zA9F/;5b3C/EA4/3G3BE0AC/a65=8A/50>67B/0c3/B5=85/6B/
A0c54/83/83;5E4A:5]^A/B3;BA/;3B/234/812A/=585?/@5b3C/a65=8A/5/
JRPSPKMXVMXMJRPSPXMRLYpMKMTJMQRMoXU{MPVJKM|XKYRMZRWKMYOXUKMQRM
A0c543;?/./2A8A/3/a650a634/23BEAC/3B/=A;;5;/:185;C/1=234E4325BA;C/
54>6B3=25BA;C/3GEABA;/=A;;A;/EA=2A;/83/:1;25?/_ 5;C/b5;25/A}5~/
E4AH3;;A4}5~/81`34/iz5BA;/5>A45/1=234E43254/3;;3/23G2Ak/E545/a63/5;/
E3;;A5;/;3/9503B?/d/=1=>67B/;5b3/A/a63/95058A/a634???/EA1;/5A/;3/
95054/:A9F/E3483/AEA426=18583;/:501A;5;/83/1=2345>14/3/943;934/=A/
9A=c391B3=2A?/3495/A/B38A/83/3GEA4/;65;/18315;?/5]5/1;;A/9ABA/
6B/3G349<91A/81D41A/B3;BA/3/:34D/a63/5=23;/a63/E3=;3C/A/B38A/
234D/18A/3BbA45?

//7/83;9Ab414/5;/4305]3;/83/;3B30c5=]5/A6/83/81\
H343=]5;/3=243/5;/;1265]3;/8A/23G2A?
/\/7/430591A=54/A/9A=238A/5E43;3=258A/9AB/6B5/
435018583C/AE1=5=8A/5/43;E312A?
//7/9A=93=2454/5;/18315;/93=2451;/3A6/;396=8D415;/3B/
6B/;f/E54D>45HA?
/7/433;943:34/A/23G2A/9AB/A6245;/E505:45;?/
dG3BE0A
))

"
./1=23>45]^A/8A/B6=8A?
./1=23>45]^A/85/c6B5=18583?
./6=1^A/8A/cAB3B?/
AB3B//AB3B//_ 6=8A?
./B5959585/;3/6=16?/};D2145~

5`\;3/=393;;D41Ah
\/A=c391B3=2A/1;2f419A//01234D41A/}3;9A05;/3/>F=34A;/01234D\
41A;C/3;2462645/8A/23G2A~C/0312645/3/E4D2195I
\/A=c391B3=2A/>45B521950C/3;210<;219A/}a65018583;/8A/23G2A~/
RMLRJPYSUXMKMLRJPYSUKMLSNPSTUKQXMQKLMZKWKoOKLMSPUWVRJLRM
cAB=1BA;/3/E54=1BA;C/83=A25]^A/3/9A=A25]^AC/;1=A=<B15/3/5=\
YXPsJSKnMZXWSLLRJSKnMTNVOKLMQRMWSPNVKNRJnMRPYORMXVYOXLq
\/5E5918583/83/Ab;34:5]^A/3/83/;<=23;3/3
\/5E5918583/83/4591A9<=1A?

/7/6B/9A=e6=2A/83/18315;/A4>5=1`585;/3/430591A=585;/
RPYORMLSnMxXOJKPQXMVJMYXQXMLSNPSTUKYSoXMUKZKmMQRMZOXQVmSOMSPYROK\
tuXMUXJVPSUKYSoKMUKZKUSQKQRMQRMUXQSTUKOMRMQRUXQSTUKOq
/6B/23G2A/7/9A=;2126<8A/EA4/81:34;5;/H45;3;?/dB/
9585/6B5/8305;C/cD/6B5/93425/1=HA4B5]^A/a63/5/H5`/01>54\;3/9AB/
5/5=2341A4/3A6/9AB/5/EA;2341A4C/9415=8A/9A=81]3;/E545/5/3;24626\
45]^A/8A/9A=238A/5/;34/245=;B1218A?/./3;;5/1=23401>5]^A/8D\;3/A/
=AB3/83/9A=23G2A?/jA25\;3/a63/A/430591A=5B3=2A/3=243/5;/H45;3;/7/
2^A/>45=83C/a63C/;3/6B5/H45;3/HA4/43214585/83/;36/9A=23G2A/A41>1=50/
RMKPKWSLKQKMLRZKOKQKJRPYRnMZXQROpMYROMVJMLSNPSTUKQXMQSxRORPYRMQK\
a6303/1=19150?

\/ dGE01954C/ 9AB3=254C/ \/ 1=23039]^AC/ 3=23=81B3=2AC/

e60>54C/ 21454/ 9A=906;3;C/ 523=]^A/5A/a63/4350B3=23/3;2D/
3;9412A?
8386`14?
\/21EA;/83/3=6=9158A;h
\/21EA;/83/3=6=9158A;h
MKYOKo[LMQXMYRYXnMSPxROR MXMYRYXMQSmMVRqqq
M[MLVNROSQXMZRWXMKVYXOMVRqqq
;3/a63???
M[MZXLLsoRWMQRQVmSOMVRqqq MQRMKUXOQXMUXJMXMYRYXnM[MUXOORYKM
MXMKVYXOMZROJSYRMUXPUWVSOM XVMROOKQKMKMKTOJKtuXqqq
MXMPKOOKQXOMKTOJKqqq
a63???
MVKWM[MKMSPYRPtuXMQXMKVYXOM
KXMKTOJKOMVRqqqM

/\/9AB6B3=23C/A;/23G2A;/5E43;3=25B/43H34F=915;/81\
4325;/A6/1=814325;/5/A624A;/562A43;/5245:7;/83/9125]3;?/d;;3/21EA/83/
43964;A/83=AB1=5\;3/1=23423G2A?
/\/A/E41B314A/Abe321:A/83/6B5/1=234\
ZORYKtuXMQRMVJMYRYXM[MKMSQRPYSTUKtuXMQRMLVKMSQRSKMZOSPUSZKWqMM
E54214/85<C/0A9501`5B\;3/5;/18315;/;396=8D415;C/A6/H6=85B3=25]3;C/
5;/54>6B3=25]3;C/A6/3GE0195]3;C/a63/03:3B/5A/3;9054391B3=2A/
85;/a63;23;/5E43;3=2585;/=5/E4A:5?/


012345
  

6
7/B612A/9AB6BC/B51;/8A/a63/;3/1B5>1=5C/5/A9A44F=915/83/34\
4A;/83/1=234E4325]^A?/8;/B51;/H43a63=23;/;^Ah
96
}:15>3B~?/89A443/a65=8A/;3/;51/8A/9A=23G2AC/
5943;93=258A/18315;/a63/=^A/3;2^A/=A/23G2AC/a634/EA4/9A=c391B3=2A/
E47:1A/8A/23B5/a634/E305/1B5>1=5]^A?
9?/7/A/AEA;2A/85/3G245EA05]^A?/D\;3/523=]^A/5E3=5;/
5/6B/5;E392AC/3;a6393=8A/a63/6B/23G2A/7/6B/9A=e6=2A/83/18315;C/
XMVRMZXQRMLROMSPLVTUSRPYRMZKOKMXMYXYKWMQXMRPYRPQSJRPYXMQXMYRJKM
83;3=:A0:18A?
9/j^A/454AC/A/23G2A/5E43;3=25/18315;/9A=24D415;/
;/8A/95=81852AC/H5`3=8A\A/21454/9A=906;3;/3a61:A9585;/3C/9A=;3\
a63=23B3=23C/3445=8A/5/a63;2^A?

\/8/562A4/3;943:36/9AB/6B5/1=23=]^A/\/23=254/83;9Ab414/a650/
7/305/7/5/9c5:3?/
\/!315/2A8A/A/23G2A/6B5/E41B3145/:3`/83/HA4B5/83;E43A96E585/
MKLLSJMoXU{MoROpMKZRPKLMXLMKLZRUYXLMLVZROTUSKSLMZOSJRSOXqM
\/j5/;3>6=85/0312645/Ab;34:3/A;/83250c3;C/:1;6501`3/3B/;65/
B3=23/A/93=D41AC/A;/E34;A=5>3=;/\/g65=2A/B51;/4350/HA4/5/0312645/=5/
;65/B3=23C/B51;/HD910/;34D/E545/1=234E43254/A/23G2A?/
\/6:183/8A}5~/562A4}5~/\/!315/5;/3=24301=c5;C/E3493b5/A/a63/
A}5~/562A4}5~/23/81`/;3B/3;943:34/=A/23G2A?/
\/j^A/23=c5/B38A/83/AE1=54/\/"D/:1/2343B/B38A/83/81`34/A/a63/
59c5:5B/3/5/43;EA;25/3;25415/9A44325/;3/21:3;;3B/812A?/
\/z1;6501`3/:D41A;/95B1=cA;C/:D415;/AE]3;/3/1=234E4325]3;/\/
@f/=^A/:15e3/B612A/=5/1=234E4325]^A?/z3e5/A;/95B1=cA;/5EA=258A;/
E305/3;94125/8A}5~/562A4}5~?/.E3>63\;3/5A;/95B1=cA;/a63/0c3/;^A/
BA;2458A;?/
M#QRPYSTVRMKLMUKOKUYROsLYSUKLMxsLSUKLMRMZLSUXW$NSUKLMQXLMZROLX\
=5>3=;/\/@3/6B/83234B1=58A/E34;A=5>3B/23B/9ABA/95459234<;2195/
;34/B3=214A;AC/EA4/3G3BE0AC/A/a63/303/81`/=A/23G2A/EA834D/;34/B3=\
YSOKMPuXM[MJRLJX%MPKWSLKOMRMSQRPYSTUKOMXLMZROLXPKNRPLMLuXMZXPYXLM
=393;;D41A;/E545/6B5/bA5/1=234E4325]^A/83/23G2A?/
\/8b;34:3/5/01=>65>3BC/A/23BEA/3/3;E5]A/\/./;3a6F=915/8A;/
59A=2391B3=2A;C/A/H338b59&C/9A=25/B612A/=5/cA45/83/1=234E43254?/
\/.=501;3/A;/59A=2391B3=2A;/83/59A48A/9AB/5/7EA95/8A/23G2A/
\/7/1BEA425=23/a63/:A9F/;51b5/A6/E3;a61;3/;Ab43/5/7EA95/=544585/
=A/23G2AC/5;;1BC/93425;/9A=24581]3;/A6/3;245=c5B3=2A;/:1;2A;/EA4/
:A9F/EA83B/;34/5E3=5;/5/9602645/85/7EA95/;3=8A/83BA=;24585?/
\/!315/a65=25;/:3`3;/59c54/a63/83:3/\/j^A/3=23=836'/!315/83/
=A:A?/j3B/2A8A/815/3;25BA;/9A=93=2458A;/3/5/45E183`/=5/0312645/
:3B/9AB/A/cDb12A?

8b;34:5]^Ah/_ 612A;/E3=;5B/a63/cD/5/f2195/8A/3;9412A4/3/5/f21\
95/8A/0312A4?/A83/;34/a63/3G1;25BC/B5;/=6B5/E4A:5/83/9A=964;A/
a650a634C/A/a63/83:3/;34/03:58A/3B/9A=;18345]^A/7/A/a63/A/562A4/
81`/3/=585/B51;?
9/7/A/3BE43>A/83/B395=1;BA/83/;1=25G3/a63/430591A\
=5B/E505:45;C/A45]3;C/H45;3;/3A6/E54D>45HA;/3=243/;1?/dB/A6245;/
E505:45;C/5/9A3;^A/8D\;3/a65=8AC/5245:7;/83/6B/E4A=AB3/430521:AC/
6B5/9A=e6=]^A/}=3GA;~C/A6/6B/E4A=AB3/Ab0<a6A/D2A=AC/cD/6B5/
4305]^A/9A44325/3=243/A/a63/;3/:51/81`34/3/A/a63/eD/HA1/812A?/@^A/
B612A;/A;/344A;/83/9A3;^A/=A/815/5/815/3C/3=243/303;C/3;2D/A/B56/6;A/
8A/E4A=AB3/430521:A/3/8A/E4A=AB3/Ab0<a6A/D2A=A?/d;23/83E3=83/
85/43>F=915/8A/:34bAI/5a6303/8A/;36/5=239383=23?/j^A/;3/EA83/3;\
a63934/25Bb7B/83/a63/A;/E4A=AB3;/430521:A;/2FBC/9585/6BC/:50A4/
;3B=219AC/EA4/1;;A/5/=393;;18583/83/583a65]^A/5A/5=239383=23?/
8;/E4A=AB3;/430521:A;/;^A/B612A/1BEA425=23;/=5/1=234E4325]^A/83/
23G2AC/EA1;/;36/6;A/1=9A4432A/245`/344A;/83/9A3;^A?/.;;1B/;3=8AC/
83:3\;3/03:54/3B/9A=;18345]^A/a63/3G1;23/6B/E4A=AB3/430521:A/
583a658A/5/9585/91496=;2=915C/5/;5b34h

545/034/3/3=23=834/6B/23G2A/7/E4391;A/521=>14/8A1;/=<:31;/83/
0312645h/(=HA4B521:5/3/83/439A=c391B3=2AI

}=3624A~/\/430591A=5\;3/9AB/a650a634/5=239383=23?/_ 5;/
83E3=83/85;/9A=81]3;/85/H45;3?

=3624A~/183B/5A/5=2341A4?
 /}E3;;A5~?
/}EA;;3~/\/5=23;/8303C/5E54393/A/EA;;618A4/3/83EA1;C/A/Ab\
e32A/EA;;6<8A?/
/}BA8A~?
}06>54~?
}23BEA~?
/}BA=25=23~?

)
./E41B3145/83:3/;34/H3125/961858A;5B3=23/EA4/;34/A/E41B31\
4A/9A=252A/9AB/A/23G2AC/3G2451=8A\;3/1=HA4B5]3;/3/;3/E43E545=8A/
E545/5/0312645/1=234E432521:5?/645=23/5/1=234E4325]^A/>41H3/E505:45;\
\9c5:3C/E5;;5>3=;/1BEA425=23;I/23=23/01>54/6B5/E505:45/ /18315\93=\
2450/83/9585/E54D>45HA?/./021B5/H5;3/83/1=234E4325]^A/9A=93=245\;3/
=5;/E34>6=25;/3/AE]3;/83/43;EA;25;?/_ 54a63/E505:45;/9AB/=^AC/
3G932AC/43;E3921:5B3=23C/329C/EA1;/H5`3B/81H343=]5/=5/3;9A0c5/583\
a6585?/*32A4=3/5A/23G2A/B3;BA/a63/E543]5/;34/E3485/83/23BEA?/
!315/5/H45;3/5=2341A4/3/EA;2341A4/E545/234/18315/8A/;3=218A/>0Ab50/
E4AEA;2A/E30A/562A4?

6

50A6/268A/a63415/}9A4432A~?
50A6/268A//a63415/}34458A/\/5=23;/8A/C/83:3415/5E543934/
A/83BA=;24521:A/A~?

+,-.

 /cD/A;/:<91A;/83/01=>65>3B/90D;;19A;/
}b54b541;BAC/;A0391;BAC/959AHA=15???~I/=A/815/5/815C/EA47BC/3G1;\
23B/3GE43;;3;/a63/;^A/B50/3BE43>585;C/3/EA4/HA4]5/83;;3/cDb12A/
9AB323B\;3/344A;/>45:3;/9ABAh
\/id03/9A4436/41;9A/83/:185kC/a65=8A/5/:348583/A/41;9A/345/83/
BA423?
\/i@3=cA4/E4AH3;;A4C/36/0c3/:1/A=23Bk?/j3;23/95;AC/A/E4A=AB3/
Ab0<a6A/D2A=A/9A4432A/7/8?
\/ijA/b54h/i_ 3/:F/6B/95H7k?/.07B/8A/344A/83/EA;1]^A/8A/E4A\
=AB3C/cD/A/B56/6;A?

/B/23G2A/E545/;34/9ABE433=818A/83:3/5E43;3=254/18315;/;3\
0325;/3/A4>5=1`585;C/5245:7;/8A;/E54D>45HA;/a63/7/9ABEA;2A/E305/
18315/93=2450C/54>6B3=25]^A/3A6/83;3=:A0:1B3=2A/3/5/9A=906;^A/
8A/23G2A?/A83BA;/83;3=:A0:34/6B/E54D>45HA/83/:D415;/HA4B5;h
\/390545]^A/1=19150I
M0RTPStuX
\/1:1;^AI
\/.06;^A/c1;2f4195?

012345


@34:3/E545/81:1814/A/23G2A/3B/EA=2A;/B3=A43;C/23=8A/3B/:1;25/
A;/81:34;A;/3=HAa63;?/A=:3=91A=50B3=23C/A/E54D>45HA/7/1=8195\
8A/5245:7;/85/B685=]5/83/01=c5/3/6B/3;E5]5B3=2A/85/B54>3B/
3;a63485?//B5/85;/E5423;/b3B/81;21=25;/8A/E54D>45HA/7/A/2fE19A/
H45;50C/A6/;3e5C/5/18315/93=2450/3G245<85/83/B5=3145/90545/3/43;6B185?/
.23=25=8A\;3/E545/5/18315/E41=91E50/83/9585/E54D>45HAC/5;;3>645\
BA;/6B/95B1=cA/a63/=A;/03:54D/ /9ABE433=;^A/8A/23G2A?

A83/81`34\;3/a63/5/E43;3=]5/8A/=3>4A/43E43;3=2A6/;3BE43/
H52A4/Ab41>52f41A/=A/83;3=:A0:1B3=2A/8A;/0521H=81A;/9A0A=151;?/
8;/5=21>A;/BA458A43;/85/23445/HA45BC/3:3=2650B3=23C/E43;21BA;A;/
9A05bA458A43;/85/1=8;2415/3G24521:5C/=5/95]5C/=5/E3;95C/3B/83234\
JSPKQXLMXxsUSXLMJRUPSUXLMRMPKMUOSKtuXMQXMNKQXqM0STUSWJRPYRMLRM
59ABA85:5BC/EA47BC/5A/245b50cA/596458A/3/B32f819A/a63/3G1>3/
5/3GE0A45]^A/8A;/95=5:151;?/@65/23=8F=915/3;EA=2=35/345/E545/5;/
521:18583;/B3=A;/;383=2D415;/3/a63/E683;;3B/3G34934\;3/;3B/43\
NVWKOSQKQRMxXOtKQKMRMLRJMoSNSWPUSKMRMTLUKWSmKtuXMQRMRLYOKPvXLq
6789:;<,=


25;195B3=23/3G1;23B/24F;/21EA;/83/23G2Ah
\/y3G2A/=544521:AI
\/y3G2A/83;94121:AI
\/y3G2A/81;;342521:A?

(=H343\;3/8A/23G2A/a63/A;/5=21>A;/BA458A43;/85/23445/345Bh
5~/A;/EA426>63;3;?
b~/A;/=3>4A;?
9~/A;/<=81A;?
8~/25=2A/A;/<=81A;/a65=2A/5A;/=3>4A;?
3~/5/B1;91>3=5]^A/83/EA426>63;3;/3/<=81A;?

585/6B/83;;3;/23G2A;/EA;;61/95459234<;2195;/E4fE415;/83/9A=;\
246]^AC/a63/:343BA;/=A/2fE19A/;3>61=23/}y1EA0A>15/y3G2650~?
7/9AB6B/3=9A=2454BA;/a631G5;/83/a63/=^A/;5b3B/1=234E43254/
23G2A;?/_ 612A;/2FB/5:34;^A/5/3G349<91A;/=3;;5/9523>A415?/.9c5B/
BA=f2A=AC/;3B/>45]5C/3/A6245;/:3`3;/81`3Bh/9585/6B/23B/A/;36/
E4fE41A/3=23=81B3=2A/8A/23G2A/A6/9585/6B/1=234E4325/5/;65/B5=31\
45?/jA/23G2A/01234D41AC/3;;5/18315/23B/50>6B/H6=85B3=2AC/23=8A/3B/
:1;25/5/01=>65>3B/9A=A2521:5C/A;/;<BbA0A;/94158A;C/B5;/3B/23G2A/
=^A\01234D41A/1;;A/7/6B/3a6<:A9A?/15=23/83;;3/E4Ab03B5C/;3>63B/
50>6B5;/8195;/E545/:A9F/5=501;54C/9ABE433=834/3/1=234E43254/9AB/
JKSLMZOXTUS{PUSKq

69;<>
-;?@->
<A  ;?BBC>=
*3;EA;25h/!3245/?/.E3;54/8A/562A4/=^A/234/91258A/A/=AB3/8A;/
<=81A;C/7/EA;;<:30/9A=90614/E305;/95459234<;2195;/5E43;3=2585;/=A/
23G2A?/d;;5/43;EA;25/3G1>3/9A=c391B3=2A/a63/3G245EA05/A/23G2A?
\/yAB3/961858A/9AB/5;/:<4>605;?/z3e5/EA4/3G3BE0A/5/81H343=]5/
83/;3=218A/=5;/H45;3;/5/;3>614?/
5~/@fC/A/13>A/85/_ DDE/H3`/A/245b50cA/83/5423;?
b~/@f/A/13>A/85/_ DDE/H3`/A/245b50cA/83/5423;?
9~/8;/506=A;/8381958A;/E5;;545B/=A/:3;21b6054?
8~/8;/506=A;C/8381958A;C/E5;;545B/=A/:3;21b6054?
3~/_ 549^AC/95=25/F54]ABC/83/*3>1=508A/*A;;1?
H~/_ 549^A/95=25/F54]ABC/83/*3>1=508A/*A;;1?

\/413/A/cDb12A/85/0312645/3/A/>A;2A/EA4/305?/g65=8A/=f;/E5;;5\
BA;/5/>A;254/83/50>AC/9ABE433=83BA;/B30cA4/;36/H6=91A=5B3=2A?/
j3;;3/95;AC/5;/E505:45;/2A4=5B\;3/H5B101543;/5/=f;/B3;BA;?/j^A/
;3/831G3/03:54/E305/H50;5/1BE43;;^A/83/a63/034/=^A/H5`/81H343=]5?/
y5Bb7B/=^A/;3/1=21B183/95;A/50>67B/81>5/a63/:A9F/0F/EA495415?/
!315/268A/a63/23=c5/:A=2583C/EA1;/9AB/A/23BEA/:A9F/;3/2A4=54D/
JKSLMLRWRYXMRMZROUR|ROpMVRMKWNVJKLMWRSYVOKLMxXOKJMLVZROTUSKSLM
3C/ ;/:3`3;C/527/418<9605;?/A47B/305;/HA45B/A/EA=2A/83/E542185/3/A/
RLYsJVWXMZKOKMLRMUvRNKOMKMVJKMWRSYVOKMJKSLMORTPKQKqM3SLYRMYRJZXM
E545/9585/23BEA/83/=A;;5;/:185;?/
\/@3e5/9641A;AC/1=:3;21>63/5;/E505:45;/a63/9149605B/3B/;36/
B31A?
\/.6B3=23/;36/:A95b60D41A/3/;65/9602645?/.07B/85/0312645C/6B/
bAB/3G349<91A/E545/5BE0154/A/07G19A/7/H5`34/E505:45;/946`585;?
\/5]5/3G349<91A;/83/;1==1BA;/3/5=2=1BA;?
\/!315/:348583145B3=23?/
\/!315/50>6B5;/:3`3;/A/23G2AC/EA1;/5/E41B3145/1BE43;;^A/EA83/
;34/H50;5?/7/E4391;A/E591F=915/E545/034/A6245;/:3`3;?/.=23;/83/43;\
EA=834/5;/a63;23;C/432A4=3/5A/23G2A/E545/;5=54/5;/8:185;?
\/.23=]^A/5A/a63/;3/E383?/4;/:3`3;/5/1=234E4325]^A/3;2D/:A0\
2585/5/6B5/01=c5/8A/23G2A/3/EA4/1;;A/:A9F/83:3/:A0254/5A/E54D>45HA/
ZKOKMWXUKWSmKOMXMVRMLRMKTOJKqM5VYOKLMoRmRLnMKMVRLYuXMRLYpMoXWYKQKM
/18315/>3450/8A/23G2A?/
\/1a63/523=2A/5/0312645;/83/23G2A/83/2A85;/5;/D435;/8A/9A=c391\
B3=2AC/EA4a63/50>6B5;/E34>6=25;/3G245EA05B/5A/a63/3;2D/3;9412A?/
z3e5/6B/3G3BE0A/81;;Ah

dGE0195]3;h/
5~/13>A/H3`/;A`1=cA/A/245b50cA/83/5423;?
b~/.E3=5;/A/13>A/H3`/A/245b50cA/83/5423;?
9~/5:15C/=3;;3/95;AC/506=A;/8381958A;/3/=^A\8381958A;/3C/E5;\
;545B/=A/:3;21b6054C/;AB3=23C/A;/a63/;3/83819545BC/43;241=>1=8A/A/
>46EA/83/506=A;?
8~/j3;;3/A624A/95;AC/2A8A;/A;/506=A;/345B/8381958A;?
3~/_ 549^A/7/9c5B58A/E545/95=254?
H~/_ 549^A/E452195/5/5]^A/83/95=254?
GRSKMXMYORUvXMRMKPKWSLRMKMKTOJKtuXMVRMxXSMxRSYKMLX|ORMRWRq
HIRJZORMxRmMZKOYRMQXMQRLKTXMQXMJKNSLY[OSXMKQJSPSLYOKOMKQX\
03;93=23/9AB/cA4B=1A;/3B/3b601]^A/3/9AB/A/83;3eA/=526450/85/
SQKQRMQRMQRLKTKOMKLMORNOKLqMMQSxRORPtKM[MVRnMvXJRnMRJMJVSYXLM
95;A;C/5/4305]^A/9AB349150/3=243/5/3;9A05/3/A;/E51;/;3/;Ab43E3/ /
562A418583/8A/E4AH3;;A4?k/
1

012345
RSTU

45;3/E545/5=D01;3?
0RLKTKOMKLMORNOKLM[MVJKMKYSYVQRMZO$ZOSKMQXMKQXWRLURPYRMQKLM
RLUXWKLMZOSoKQKLqM3MRLLRM[MXMNOKPQRMQRLKTXMQXMZOXxRLLXOMJXQROPXq

.23=]^Ah/.;/a63;23;/83/=B34A;/D/5/V/43H343B\;3/5A/23G2A/
;3>61=23?

D//j^A/7/B3=91A=58A/a63/5/3;9A05/;3e5/85/4383/E41:585?
LMMM5MQRLKTXMPuXM[MKZRPKLMQXMZOXxRLLXOMKYVKWnMJKLMLRJZORM
xRmMZKOYRMQXMQRLKTXMQXMJKNSLY[OSXqM5VYOKMVRLYuXM[MVRMXMNOKPQRM
QRLKTXMPuXM[ML$MKQJSPSLYOKOMXLMQRLKTXLMNLMORNOKLnMSLLXM[MZKOYRMQXM
QRLKTXnMvpMYKJ|[JMXLMvXOJOPSXLMRJMR|VWStuXMVRMxKmRJMZKOYRMQXM
QRLKTXMQXMJKNSLY[OSXq

WU
rXQKMxXYXNOKTKM[MVJMZXOYKWMK|ROYXMZKOKMXVYOKMQSJRPLuXMXMZKL\
LKQXqMMUJKOKMxXYXNOpTUKM[MVJKMoROQKQRSOKMJpVSPKMQXMYRJZXnM
245=;HA4B5=8A/A/a63/7/=5a610A/a63/eD/=^A/7/B51;C/EA4a63/A/a63/
23BA;/815=23/8A;/A0cA;/7/245=;B6858A/1B381525B3=23/3B/E5;;58A/
PXMJXJRPYXMQXMUWSVRqMlXLYVJKJXLMQSmROMVRMKMxXYXNOKTKMUXP\
>305/A/23BEAC/E43;34:5=8A/6B/BAB3=2A/E5;;5>314A/E545/2A85/5/
3234=18583C/3/1;;A/=^A/831G5/83/;34/:348583?/yA85:15C/3G1;23/50>A/
a63/83;9A=>305/3;;5/1B5>3Bh/=A;;A/A0c54?/dB/H45=9F;C/1B5>3B/3/
B5>15/9A=2FB/5;/B3;B5;/91=9A/03245;h/1B5>3/3/B5>13?/yA85/1B5\
>3B/7/B5>15C/3/=A;;A/A0c54/7/5/:541=c5/83/9A=8^A/a63/83;9A=>305/
XMSPLYKPYRMKZOSLSXPKQXMPKLMNRWRSOKLMRYROPKLMQXMYRJZXMxXYXNOpTUXq
rXQKMxXYXNOKTKM[MVJKMRLZ[USRMQRMRLZRWvXMQKMWSURMQXMXKsLM
85;/_ 545:10c5;C/3/9585/E3;;A5/a63/B34>60c5/=3;;3/3;E30cA/83/E5\
E30/;51/=6B5/81B3=;^A/81H343=23/3/:1:3=915/3GE341F=915;/81:34;5;C/
EA1;/A/058A/83/0D/7/9ABA/A/50b34>63/3;E5=cA0/8A/81258Ah/9585/6B/
L$MRPUXPYOKMPRWRMXMVRMYOXVRMUXPLSNXqMW[JMQSLLXnMXMLSNPSTUKQXM
83/6B5/1B5>3B/B685/9AB/A/E5;;54/8A/23BEAC/527/E545/A/B3;BA/
Ab;34:58A4?
YKOSKJnMYKJ|[JnMXLMPsoRSLMQRMZROURZtuXMQRMVJKMxXYXNOKTKqM
(;;A/A9A443C/=5/:348583C/9AB/2A85;/5;/5423;h/6B/B;19AC/EA4/3G3B\
E0AC/7/95E5`/83/E3493b34/81B3=;3;/;A=A45;/1=23145B3=23/1=;6;\
ZRSYKLMZKOKMXLMWRSNXLqM0KMJRLJKMxXOJKnMVJMxXY$NOKxXMZOXTLLSXPKWM
W{MKLMSJKNRPLMxXYXNOpTUKLMQRMJXQXMQSxRORPYRMQKVRWRLMVRMQRL\
UXPvRURJMKMLSPYKRMQKMxXYXNOKTKnMKMHRLUOSYKMQKMWVmZqM[ KLM[MQSxsUSWM
1B5>1=54/50>67B/a63/;3e5/1=;3=;<:30/ /B5>15/83/6B5/HA2A?
6\9,; \9]>
7-\  ^;?B_B=

.23=]^A/5A/6;A/85/E54DH45;3/}433;9412645/8A/23G2A/;3B/E43e6<`A/
8A/;3=218A/A41>1=50~?/z3e5/A/3G3BE0Ah/
45;3/A41>1=50h/d;25:5/36/cAe3/938AC/E5458A/3B/6B/;1=50/83/
24=;12AC/a65=8A/A0cA/=5/3;a61=5C/E4fG1BA/5/6B5/EA425C/6B5/0A14A\
=5/5/B3/A0c54/3/36/A0c5:5/25Bb7B?
6.<PQ7=
./H45;3/E545H45;3585/7h
5~/5458A/3B/6B/;1=50/83/24=;12A/cAe3/938AC/=6B5/3;a61=5C/
E4fG1BA/5/6B5/EA425C/36/A0c31/E545/6B5/0A145/3/305/25Bb7B/B3/
A0cA6?
b~/Ae3/938AC/36/3;25:5/E5458A/3B/6B/;1=50/83/24=;12AC/a65=\
8A/5A/A0c54/E545/6B5/3;a61=5C/B36;/A0cA;/8345B/9AB/A;/A0cA;/83/
6B5/0A14A=5?
9~/Ae3/938AC/3;25:5/36/E5458A/3B/6B/;1=50/83/24=;12A/a65=8A/
:1C/=6B5/3;a61=5C/E4fG1B5/5/6B5/EA425C/6B5/0A645]5/5/B3/A0c54?
8~/d;25:5/36/cAe3/938A/E5458A/3B/6B/;1=50/83/24=;12AC/a65=8A/
A0cA/=5/3;a61=5C/E4fG1BA/5/6B5/EA425C/:3eA/6B5/0A145]5/5/B3/A0c54/
25Bb7B?
*3;EA;25h/!3245/?
./E54DH45;3/EA83/;34/9A=;246<85/83/:D415;/HA4B5;C/:3e5/50>6\
B5;/8305;?
5~/;6b;21261]^A/83/0A96]3;/EA4/E505:45;I
b~/6;A/83/;1==1BA;I
9~/B685=]5/83/81;964;A/81432A/EA4/1=81432A/3/:193\:34;5I
8~/9A=:34234/5/:A`/521:5/E545/5/E5;;1:5I
3~/3BE43>A/83/5=2A=ABD;15;/A6/E34<H45;3;/}*61/254bA;5//./
D>615/83/515I/A/EA:A/06;125=A//EA426>63;3;~?

D?/8/;3>B3=2A/8A/23G2A/a63/43;;5025/5/5]^A/B3;B5/85/9
/83/6B5/HA2A/7h
MMUJKOKMxXYXNOpTUKM[MVJKMoROQKQRSOKMJpVSPKMQXMYRJZXq
`MKMxXYXNOKTKMUXPNRWKMXMYRJZXq
}~/=A;;A/A0c54/7/5/:541=c5/83/9A=8^A/a63/83;9A=>305/A/1=;\
25=23/5E41;1A=58A?
0MXMLSNPSTUKQXMQRMVJ KMSJ KNRJ MJ VQKMUXJ MXMZKLLKOMQXM
23B EA?
}d~/_ 5;/7/81H<910/1B5>1=54/50>67B/a63/;3e5/1=;3=;<:30/ /B5>15/
83/6B5/HA2A?

8b;34:3/5/B685=]5/83/EA;1]^A/83/E505:45;/A6/83/3GE43;;3;/
=5;/H45;3;?
dG3BE0A;
5~/342A;/506=A;/=A/245;10/=^A/9A=:1:3B /9AB /5/H5025/83/
E4AH3;;A43;?
b~/.06=A;/9342A;/=A/245;10/=^A/9A=:1:3B /9AB /5/H5025/83/
E4AH3;;A43;?
9~/8;/506=A;/83234B1=58A;/E38145B/5e685/5A;/E4AH3;;A43;?
8~/3234B1=58A;/506=A;/E38145B/5e685/5A;/E4AH3;;A43;?

a?/jA/9A=23G2A/8A/021BA/E54D>45HAC/5/43H34F=915/5A;/:D41A;/
PsoRSLMQRMZROURZtuXMQRMVJKMxXYXNOKTKMORJRYR
}.~/ /81:34;18583/85;/a65018583;/1=24<=;395;/83/6B5/HA2A?
`MNLMQSxRORPtKLMQRMVKWSTUKtuXMQXMXWvKOMQXLMX|LROoKQXORLq
}~/5A;/>456;/83/1=;3=;1b1018583/83/50>6=;/815=23/83/6B5/HA2A?
0MNLMORWKtbRLMVRMKMxXYXNOKTKMJKPY[JMUXJMKLMXVYOKLMKOYRLq
3MKXLMopOSXLMYRJZXLMVRMUKQKMxXYXNOKTKMORZORLRPYKMRJMLSM
B3;B5?

dGE0195]3;h
5~/342A;/506=A;//a650a634/506=A?
b~/.06=A;/9342A;//506=A/9A4432A?
9~/.06=A;/83234B1=58A;//506=A;/8391818A;?
8~/3234B1=58A;/506=A;//a650a634/506=A?
K

012345
dqMYRPYRMZKOKMKLMLRNVSPYRLMKTOJKtbRL
#qMXMQSmROnMPXMZOSJRSOXMZKOpNOKxXnMVRMKMxXYXNOKTKMUXPNRWKMXM
23BEAC/A/562A4/83H3=83/5/18315/83/a63/5/435018583/5E433=8185/=6B5/
HA2A/eD/=^A/E3423=93/5/23BEA/50>6B?
((?/jA/;3>6=8A/E54D>45HAC/5/B3=]^A/5A/81258A/;Ab43/A/50b34\
NVRMRLZKPvXWMYRJMZXOMTPKWSQKQRMLVNROSOMVRMXMXWvKOMQXMX|LROoKQXOM
=^A/1=234H343/=A/;3=218A/E4fE41A/3/E542196054/83/6B5/HA2A?
###qMeJMxXY$NOKxXMZOXTLLSXPKWnMUXPxXOJRMLVNRORMXMYROURSOXMZK\
4D>45HAC/:F/=^A/5E3=5;/6B5/HA2AC/B5;/A;/43964;A;/83/6B5/01=>65\
NRJMRLZRUsTUKMPRWKMTKQXLq
3JMORWKtuXMKXMYRYXnMRLYpMUXOORYXMXMVRMLRMKTOJKMI5[ 3r3M
3B
}.~/(/3/((?
}2~/((/3/(((?
}~/(?
}~/((?
}d~/(((?

1`\;3/a63/245254/1>650B3=23/A;/83;1>651;/7/E34E32654/5/83\
;1>6508583?/j3;;3/95;AC/831G54/83/81;941B1=54/}=A/;3=218A/83/81;\
934=14~/7/E34B1214/a63/6B5/81;941B1=5]^A/9A=21=63/}=A/;3=218A/83/
E439A=9312A~?/d;25BA;/:1:3=8A/6B5/7EA95/3B/a63/5/b5=83145/85/
81;941B1=5]^A/;3/5E43;3=25/3B/;36/;3=218A/B51;/EA;121:Ah/24525\;3/
QRMKZWSUKOMZXWsYSUKLMKTOJKYSoKLMZKOKMZOXJXoROMKVRWRLMVRMo{JM
;AH43=8A/81;941B1=5]3;/c1;2f4195;?/_ 5;/cDC/EA4/A624A/058AC/a63B/
oRJKMPRLLKLMZOXZXLYKLMKTOJKYSoKLMKMxXOJKMJKSLMURPLVOpoRWMQRMQSL\
941B1=5]^A???/7/A/95;A/85;/9A25;/3;E39151;/E545/:5>5;/=6B5/6=1\
:34;18583/A6/=6B5/3BE43;5h/7/6B5/81;941B1=5]^AC/96eA/;3=218A/
EA;121:A/A6/=3>521:A/83E3=83/85/9A=:19]^A/83/a63B/5/5:5015?/.;/
593E]3;/;^A/1=9A=9101D:31;C/B5;/3;2^A/=A/B3;BA/:34b323/8A/8191A\
=D41A/3/;3/BA;245B/:1:5;/=5/B3;B5/;A9138583?
6l^;8=
mqMMKTOJ KtuXMQRMVRMXLMQSUSXPpOSXLMZXQRJ MKJVQKOMKMSPURP\
QSKOMQR|KYRLMUXPTOJ KLRnMPXMYRYXnMZRWXMxKYXMQRMVRMXMoRO|RYRM

}.~/E58393/83/6B/;3=218A/:5>A/3/1BE4391;AC/>345=8A/EA4/1;;A/
1=B345;/9A=24A:74;15;/3=243/A;/6;6D41A;?
}2~/5E43;3=25/6B/;3=218A/;396=8D41AC/:5415=23/83/;36/;3=218A/
E41=91E50C/a63/=^A/7/439A=c3918A/EA4/2A8A;?
}~/5bA=5/25=2A/A/;3=218A/03><21BA/9ABA/A/103><21BA/a63/;3/
9A;26B5/5241b614/5/3;;3/:A9Db60A?
0MxKmMZRPLKOMPKLMQSTUVWQKQRLMVRMRSLYRJMVKPQXMLRMYOKYKMQRM
83234B1=54/5/A41>3B/83/6B/:A9Db60A?
}d~/83;8Ab45\;3/3B/593E]3;/9A=245812f415;/a63/9A443;EA=\
83B/5/9A=:19]3;/1=9ABE52<:31;?

f?/jA/9A=23G2A/8A/E41B314A/E54D>45HAC/A/;3>B3=2A/yA85:15C/
3G1;23/50>A/a63/83;9A=>305/3;;5/1B5>3B/EA83/;34/;6b;2126<8AC/;3B/
E43e6<`A/E545/5/9A443]^A/3/5/9A34F=915/8A/23G2AC/EA4h
}.~/y3=8A/1;;A/3B/:1;25C/cD/a63/;3/83;9A=>3054/3;;5/1B5>3B?
}2~/.1=85/5;;1BC/cD/B51;/a63/6B5/1B5>3B/83;9A=>30585?
}~/.E3;54/83/268AC/3;;5/1B5>3B/83;9A=>305/50>A?
}~/DC/=^A/Ab;25=23C/A/a63/H5`/3;;5/1B5>3B/83;9A=>3054?
}d~/D/50>AC/A624A;;1BC/a63/3;;5/1B5>3B/83;9A=>3054D?
V?/d;2D/90545/3/9A44325/5/4385]^A/83;23/01:43/9AB3=2D41A/;Ab43/
A/23G2Ah
}.~/.E3;54/83/;3/ABb43543B/9AB/A6245;/5423;/E0D;2195;C/5/HA\
YXNOKTKMPXLMxKmMQRLxOVYKOMRMoSoROMRZROS{PUSKLMQRMPKYVORmKMSNVKW\
B3=23/23BEA450?
`MKMLVZROxsUSRMRLZKUSKWMQRMVJKMxXYXNOKTKnMPRJMLRMSJKNSPRM
A;/23BEA;/5/a63/;6;91254^A/3;;5/1B5>3B/5E543=23B3=23/9A=>30585???
}~/A=a65=2A/;3e5/A/43>1;24A/83/6B/83234B1=58A/3;E5]AC/6B5/
HA2A/03:5\=A;/5/:1:34/E4AH6=85;/3GE341F=915;/83/954D234/23BEA450?
}~/y50/9ABA/A9A443B/=A;/3;E30cA;/85/.0193C/5;/3GE341F=915;/
xsLSUKLMQRMVJKMxXYXNOKTKMZXQRJMLRMSPXUVWKOMRJMZWKPXLMYRJZXOKSLq
3MRPvVJKMSJKNRJMxXYXNOpTUKM[MUXPNRWKQKMLVTUSRPYRJRP\
23/E545/5b414/B^A/83/1BE019=915;/;3B=2195;/=A/E05=A/23BEA450?

n?/1`\;3/a63/245254/1>650B3=23/A;/83;1>651;/7/E34E32654/5/83\
;1>6508583?/
0KMKTOJKtuXMKUSJKM[MUXRORPYRMQRQVmSOMRLYKMXVYOK
}.~/8;/cAB3=;/;^A/83;1>651;/EA4a63/HA45B/245258A;/9AB/A/
B3;BA/9412741A/83/1>6508583?
`MMSNVKWQKQRML$M[MKWUKPtpoRWMLRMK|XWSQKMKMTKtuXMQRMVJM
B3;BA/9412741A/E545/95;A;/B612A/81H343=23;?
}~/g65=8A/2A8A;/A;/83;1>651;/;^A/245258A;/83;1>650B3=23C/5/
QRLSNVKWQKQRMQRTPSYSoKMYXOPKLRMKURSYpoRWq
}~//B5/HA4B5/83/E34E32654/5/1>6508583/3;2D/3B/;3BE43/245254/
A;/1>651;/9ABA/;3/HA;;3B/83;1>651;?
}d~/412741A;/81H343=23;/1BE0195B/83;1>6508583;/251;/a63/A;/
1=e6;21]58A;/;^A/;3BE43/A;/B3;BA;?

.23=]^Ah/.;/a63;23;/83/=B34A;/g/5/h/43H343B\;3/5A/23G2A/
;3>61=23?
iUjUk
8;/8191A=D41A;/=^A/;^A/231;/5E3=5;/E545/3;90543934/A/;3=218A/
83/6B/:A9Db60AI/5e685BC/9AB/H43a6F=915C/5/106B1=54/23;3;/9A=\
24A:342185;/3/B3;BA/5/1=93=8154/83b523;?/z5BA;/5A/191A=D41A/
A651;;C/5A/:34b323/81;941B1=54C/3/0D/3=9A=245BA;C/3=243/A6245;C/
3;25;/865;/593E]3;h/5~/E3493b34/81H343=]5;I/81;21=>614C/81;934=14I/
b~/245254/B50/A6/83/BA8A/1=e6;2AC/83;1>650C/6B/1=81:<86A/A6/>46EA/
83/1=81:<86A;C/3B/45`^A/83/50>6B5/95459234<;2195/E3;;A50C/9A4/85/
E303C/905;;3/;A9150C/9A=:19]3;/329?
j5/E41B3145/593E]^AC/81;941B1=54/7/854/523=]^A/ ;/81H343=]5;C/
;6E3/6B/E4391;A/81;934=1B3=2AI/A/234BA/245=;E145/A/;3=218A/EA;1\
21:A/83/a63B/439A=c393/3/9A=;18345/A/3;25262A/8A/a63/7/81H343=23?/
1;941B1=54/A/9342A/8A/34458A/7/A/E41B314A/E5;;A/=A/95B1=cA/85/
72195?/"D/=5/;3>6=85/593E]^AC/81;941B1=54/7/831G54/5>14/A/E439A=\
9312AC/7/81;;3B1=54/A/e6<`A/E439A=93b18A?/1;941B1=54/50>67Bh/
H5`F\0A/Abe32A/83/=A;;5/1=2A034=915?

o?/A=;18345=8A\;3/A/9A=23G2AC/24586`\;3/583a6585B3=23/A/
;3=218A/83/6B/;3>B3=2A/3Bh
}.~/106B1=54/23;3;/9A=24A:342185;/}Dp/E54D>45HA~//5B51=54/EA\
;1]3;/86b12521:5;?
}2~/6B/E4391;A/81;934=1B3=2A/}ap/E54D>45HA~//6B5/54451>585/
81;;65;^A?
}~/81;;3B1=54/A/e6<`A/E439A=93b18A/}ap/E54D>45HA~//81;;65814
/A/e60>5B3=2A/E4383;21=58A?
}~/5/HA4B5/B51;/93=;64D:30/}qp/E54D>45HA~//A/BA8A/B51;/
43E433=;<:30?
}d~/.;/593E]3;/;^A/1=9A=9101D:31;/}qp/E54D>45HA~//5;/:34;3;/
;^A/1=5259D:31;?
c

012345
h?/7/E4391;A/43305bA454C/E545/;5=54/H50c5/3;24626450C/5/4385]^A/
85/;3>61=23/H45;3h
}.~/8/562A4/8A/23G2A/9c5B5/5/523=]^A/E545/A/H52A/83/a63/A/
83;3eA/83/E4ABA:34/5/1>6508583/9A443/A/41;9A/83/Ab234/6B/3H312A/
9A=24D41A?
}2~/dBbA45/c5e5/a63B/5EA;23/=A/9412741A/=19A/83/e60>5B3=2AC/
E545/;3/E4ABA:34/5/1>6508583C/:1;2A/a63/83;9A=;18345B/A/41;9A/8A/
9A=24D41A?
}~/g63B/:F/9ABA/e6;25/5/5E0195]^A/83/6B/B3;BA/9412741A/
ZKOKMJVWNKOMUKLXLMQSxRORPYRLMPuXMUO{MVRMSLLXMORKTOJRMVJKMLSYVKtuXM
83/1=e6;21]5?
}~/_ 6125;/:3`3;/7/E4391;A/9A441>14/93425;/81;2A4]3;/5E0195=\
8A\;3/B38185;/a63C/ /E41B3145/:1;25C/E54393B/3B/;1/B3;B5;/81;\
2A49185;?
}d~/dB/=A;;5/7EA95C/cD/83;3a610<b41A;/;A9151;/2^A/>45:3;/a63/
2A4=5B/=393;;D41A;/A;/83;3a610<b41A;/9ABE3=;52f41A;/83/6B5/5]^A/
9A44321:5?

DE?/8/94A=1;25/43;;5025/5;E392A;//8A/95;A/83/
@5a6543B 5C/250/9AB A/;3/Ab;34:5/=5/4305]^A/3=243/3;25;/865;/
3GE43;;3;h
}.~/845B5/85/b50315/3=950c585/3/24F;/815;/;3/83b523=8A/=5/
54315?
}2~/3B/a61=`3/B1=62A;/3;25:5/2A85/43250c585/3/HA45B/81;E625\
85;/5;/2A=30585;/85/:<21B5?
}~/;3/3;H50H54/3B/:^A/=5/0625/E305/;Ab43:1:F=915/3/03:54/E5;\
271;/3/3BE581=c5;/E545/:3=834/9AB/D>1A?
0MXMTWvXYRMQRMJV|KOYRMUXPLRNVSVMLROMQRoXWoSQXMKXMJKOMRMWpMLRM
HA1C/3;E34A/a63/;50:5C/5/b50315/83/@5a6543B5?
3MY[MVRMRPTJMUvRNXVMVJKMYOKSPRSOKMQKMXRYOX|OpLMRMGXNXM
6B5/3;25250C/f/976;?
yyqMYRPYRMZKOKMKLMLRNVSPYRLMKTOJKtbRLMLX|ORMXMYRYX
(?/./5=50A>15/3=243/5/b50315/3/5//=1^A/@A:172195/1=;1=65C/3=243/
A624A;/234BA;/83/5E4AG1B5]^AC/A/3=950c3/8A;/>1>5=23;?
((?/.;/435]3;/8A;/3=:A0:18A;/=A/3E1;f81A/85/b50315/3=950c585/
43:305B/a63C/591B5/85;/81H343=23;/E4A:18F=915;C/521=c5B\;3/2A8A;/
5/6B/B3;BA/E4AEf;12A?
(((?/./3GE43;;^A/y68A/7/;<BbA0A/E43=83\;3/5A/H52A/83/a63/A/56\
YXOMKZOXoRSYXVMXMRZSL$QSXMQKM|KWRSKMRPUKWvKQKMZKOKMYKJ|[JMTNVOKOM
XMRPUKWvRMQRMVJMZKsLMSJX|SWSmKQXMZRWKMKWYKMSPwKtuXq
3JMORWKtuXMKXMYRYXnMRLYpMUXOORYXMXMVRMLRMKTOJKMRJ
}.~/(C/((/3/(((?
}2~/(/3/(((C/5E3=5;?
}~/((/3/(((C/5E3=5;?
}~/(/3/((C/5E3=5;?
}d~/(((C/5E3=5;?

.23=]^Ah/.;/a63;23;/83/=B34A;/DE/5/Df/43H343B\;3/ /94=195/
5b51GA?
stuvw
A4/50>6B5/45`^A/1=9A=;913=23C/36/H6>15/85/=A2<915?/_ 5;/5/=A\
2<915/B3/E34;3>615?/.27/=A/5:1^AC/A/=19A/eA4=50/5b415/=5/B1=c5/
UKOKMXMQOKJKMQKM|KWRSKMRPUKWvKQKMPKMZOKSKMQRMIKVKORJKqMTPKWnM
83EA1;/83/a65;3/24F;/815;/;3/83b523=8A/=5/54315/85/E4515/3/=5/2305/85/
YRWRoSLuXnMXMTWvXYRMQRMJV|KOYRMUXPLRNVSVMLROMQRoXWoSQXMKXMJKOqMY[M
5//=1^A/@A:172195/595bA6C/9ABA/HA1/812A/EA4/0A962A43;/3;E391501`5\
8A;/3B/=394A0f>1A/36Hf419A?/_ 5;/A/845B5/85/b50315/=^A/595b5:5?/
3=23=5;/83/9641A;A;/HA45B/0D/5E439154/5a6305/BA=25=c5/83/HA4]5/5/
;3/3;H50H54/3B/:^A/=5/0625/E305/;Ab43:1:F=915?//B/b30A/3;E32D960A?
4/=A123C/93;;5:5/A/245b50cAC/A6/5/81:34;^A?/_ 5;/eD/5A/45154/8A/
815C/;3B/43964;A;C/9AB/;1BE03;/9A485;/3/5;/E4fE415;/B^A;C/2A8A;/
;3/3BE3=c5:5B/=A/0918A/Abe321:A/9AB6B?/AB6BC/:<4>605?/8/
LXOoRYRSOXMoRPQRVMURPYRPKLMQRMZSUXW[LqMXXOMRWRMKM|KWRSKMTUKoKMRP\
950c585/EA4/B51;/865;/A6/24F;/;3B5=5;?//B5/;5=25/;3=cA45/23:3/
5/H301`/18315/83/03:54/E5;271;/3/3BE581=c5;/E545/:3=834/9AB/D>1A?/
/B/B50:58A/;6>3416/a63/;3/83;;3/EA4/E348185/5/b5250c5/3/;3/9AB3\
]5;;3/0A>A/5/43E54214/A;/b1H3;?
dB/DhggC/6B5/b50315/586025/HA1/E5454/501/B3;BA/3/3B/a61=\
`3/B1=62A;/3;25:5/2A85/43250c585?/_ 612A;/;3/03Bb45:5B/85/503>415/
:A45`/9AB/a63/HA45B/81;E62585;/5;/2A=30585;/85/:<21B5?/d;;5/83/
5>A45/23:3/B51;/;A423?/A1/;50:5/>45]5;/ /4301>1^A/39A0f>195/a63/
5=85/=5/BA85/3/a63/EA4/6B/BAB3=2A/3;25b303936/6B5/247>65/3=243/
2A8A;/=f;C/5=1B51;/83/;5=>63/a63=23/A6/83/;5=>63/H41A?
Y[MVRMRPTJMUvRNXVMVJKMYOKSPRSOKMQKMXRYOX|OpLqMGXNXMVJKM
RLYKYKWnM$MU[VLnMPVJMJXJRPYXMRJMVRM[MZORUSLXMQKOMZOXoKLMQKMRT\
9D915/85/3BE43;5/E41:585?/3/a650a634/HA4B5C/36/eD/EA815/439A0c34/
KMJSPvKMKwStuXqM[ RYpxXOKMxpUSWnMWpMLRMxXSnMRLZROXMVRMLKWoKnMKM|KWRSKM
83/@5a6543B5?/8/B51A4/5=1B50/8A/B6=8AC/5;;1B/H4D>10C/ /B349F/83/
9641A;A;?/4/=A123C/;A=c31/9AB/A/245;10/3=950c58A/=5/54315/815bf0195/
QKMSPwKtuXqMM|XOQXnMVJKMYOSZVWKtuXMQRMUKJRWOLMKPVPUSKoKMVJKLM
b6>1>5=>5;?/y68A/H505?/y68A/7/;<BbA0A?

Da?/A45B/
)/E545/5/;50:5]^A/85/b50315/3;23;/8A1;/
H52A43;h
}.~/A/=394A0f>1A/85//=1^A/@A:172195/3/A;/;34:1]A;/85/2451=3145/
85/324Ab4D;?
}2~/A/E43;2<>1A/8A;/:50A43;/39A0f>19A;/3/A/3BE3=cA/=A/0918A/
Abe321:A/9AB6B?
}~/A/H52A/83/5/e6b5423/;34/6B/5=1B50/83/;5=>63/H41A/3/A/E43;2<\
>1A/8A;/:50A43;/39A0f>19A;?
}~/A/H52A/83/5/324Ab4D;/;34/6B5/3BE43;5/3;25250/3/5;/1=191521\
:5;/a63/9A6b345B/5/6B5/2451=3145?
}d~/A/5E4A:3125B3=2A/9AB349150/85/;1265]^A/3/5/HA4]5/83;9A\
B6=50/3BE43>585/E305/e6b5423?
Dq?/A=;18345=8A\;3/A/9A=23G2AC/24586`\;3/583a6585B3=23/A/
;3=218A/83/6B/;3>B3=2A/3Bh
}.~/3B /=394A0f>1A/36Hf419A/}Dp/E54D>45HA~//3B /H5]5=c5/
B A4250?
}2~/AB6BC/:<4>605/}ap/E54D>45HA~//F3450C/B5;/=3B/25=2A?
}~/a63/;3/83;;3/EA4/E348185/5/b5250c5/}ap/E54D>45HA~//a63/;3/
1B5>1=5;;3/A/3H312A/83/6B5/8344A25?
}~/3;25b303936/6B5/247>65/3=243/2A8A;/=f;/}qp/E54D>45HA~//
8344A>A6/6B5/1B6=18583/E545/=f;/2A8A;?
3M[MZORUSLXMQKOMZOXoKLMQKMRTUpUSKMz{MZKOpNOKxXM|MUXPo[JM
3GE0191254/A;/bA=;/E4AEf;12A;?

6+<;x^7>\=
r

012345
Df?/d;2D/90545/3/9A44325/5/4385]^A/83;23/01:43/9AB3=2D41A/;Ab43/
A/021BA/E54D>45HA/8A/23G2A?
}.~/.E3;54/83/245254/8A/845B5/A9A4418A/9AB/6B5/b50315C/A/
94A=1;25/=^A/831G5/83/506814/5/91496=;2=915;/=591A=51;C/9ABA/A/
SJZVWLXMZKOKMKLMZOSoKYSmKtbRLMRMXLMUVLYXLMQKMKWYKMSPwKtuXq
}2~/_ A4B3=23/24525=8A/83/6B5/e6b5423/3=950c58AC/A/94A=1;25/
PuXMX|LYKMRJMYOKYKOMQRMKLLVPYXLMQKMZKVYKMPKUSXPKWnMUXJXMKMSPwKtuXM
A6/A/E4A93;;A/3BE43;54150/85;/E41:521`5]3;?
}~/zF\;3/a63/6B/94A=1;25/EA83/5;;6B14C/9ABA/5a61/A9A4436C/A/
E5E30/25=2A/83/6B/43Ef4234/9641A;A/9ABA/5=501;54/H52A;/AEA426=A;C/
VKWMLRJKMKMRLUKWKQKMSPwKUSXPpOSKMXVMKMZOSoKYSmKtuXq
}~/8/1=9183=23/85/e6b5423/3=950c58A/=^A/1BE3816/83/a63/A/
94A=1;25/;3/:503;;3/83/250/3E1;f81A/E545/AE1=54/815=23/83/A624A;/H5\
YXLnMvKJKMoSLYKMKMSPwKtuXMPKUSXPKWMXVMKMRLUKWKQKMQKLMZOSoKYSmKtbRLq
}d~/.A/bAB/94A=1;25/A9A443/5;;A9154/6B/3E1;f81A/9ABA/A/85/
e6b5423/9AB/5/=52643`5/83/A624A;C/b3B/81;21=2A;C/;3e5B/A;/85/39A\
PXJSKMSPwKUSXPKQKnMLRJKJMXMUORLURPYRMZORLYsNSXMQKLMZOSoKYSmKtbRLq

DV?/3:3\;3/E43;6B14C/9AB/b5;3/=A/23G2AC/a63/5/45`^A/8A/B7\
412A/3/5/45`^A/8A/:A2A/83:3B/;34/9A=;1834585;C/815=23/85/2AB585/
83/6B5/8391;^AC
}.~/9ABE03B3=2543;C/EA1;/3B/;3E5458A/=3=c6B5/8305;/;521;\
H5`/A/a63/3G1>3/6B5/;1265]^A/8585?
}2~/3G90683=23;C/eD/a63/=6B5/:A25]^A/=^A/;3/03:5/3B/9A=25/
=3=c6B5/a63;2^A/83/B7412A?
lMRUWVQRPYRLnMJpMVRMKMVKWSTUKtuXMZXOMJ[OSYXMZORLLVZbRM
a63/2A85/:A25]^A/7/103><21B5?
}~/9A=9101D:31;C/83;83/a63/5;/B3;B5;/E3;;A5;/a63/:A25B/;3\
e5B/5;/a63/839185B/E30A/B7412A?
}d~/1=83E3=83=23;C/:1;2A/a63/9585/6B5/523=83/5/=393;;18583;/
83/b3B/81;21=25;/=52643`5;?
ymqMYRPYRMZKOKMKLMLRNVSPYRLMKTOJKtbRL
(?/./54>6B3=25]^A/8A/B1=1;24AC/43H34185/=A/E41B314A/E54D>45HAC/
7/43b52185/E30A/562A4/8A/23G2A/EA4/;34/H50591A;5/3/3;95BA2354/A;/
4351;/1=2343;;3;/83/a63B/5/HA4B605?
((?/8/562A4/8A/23G2A/B5=1H3;25\;3/H45=95B3=23/H5:A4D:30/ /45\
`^A/8A/B7412AC/5/B3=A;/a63/6B5/;1265]^A/83/4350/1BE5;;3/1BEA=c5/
5/43;A06]^A/E30A/:A2A?
(((?/./9A=A25]^A/E3eA4521:5/a63/A/6;A/83/5;E5;/9A=H343/5A/234\
BA/i5;;3Bb03<;BAk/3GE43;;5/A/EA=2A/83/:1;25/8A;/a63/83;9A=;183\
OKJMKMVKWSTUKtuXMY[UPSUKq

.23=]^Ah/.;/a63;23;/83/=B34A;/DV/5/Do/43H343B\;3/5A/23G2A/
5b51GA?
*~twv
/B/B1=1;24AC/5A/23BEA/8A/>A:34=A/B101254C/1441258A/9AB/5/
95BE5=c5/E305;/3031]3;/814325;/E545/E43;183=23/85/*3Eb0195C/
b6;9A6/B1=1B1`54/5/1BEA42=915/8A/:A2A/9AB/A/;3>61=23/54>6B3=\
YXMMIROpMVRMXLMZKLLKNRSOXLMQRMVJMKoSuXMNXLYKOSKJMQRMxKmROMVJKM
3031]^A/E545/3;9A0c34/6B/8303;/9ABA/E10A2A/83/;36/:AA'/86/E43H3\
OSOSKJMUXPTKOMPXMJ[OSYXMQXMZOXTLLSXPKWMJKSLMK|KWSmKQX%
./E34H<815/83;;3/54>6B3=2A/3;2D/=5/H50;5/5=50A>15/3=243/6B5/
H6=]^A/3B1=3=23B3=23/279=195/3/6B5/H6=]^A/3B1=3=23B3=23/EA0<\
2195?/jA/H6=8AC/A/B1=1;24A/a63415/81`34/a63/A/>A:34=A/3;25:5/1=8A/
B612A/b3B/=5;/B^A;/8A;/B1012543;/3/a63/3;23;/;5b3415B/B30cA4/a63/
=1=>67B/E4A;;3>614/=A/9AB5=8A/85/=5]^A?
d=243/5/3;9A0c5/E30A/B7412A/3/5/3;9A0c5/E30A/:A2A/cD/=393;\
;18583;/B612A/81;21=25;?/j6B/9A=964;A/Eb019AC/EA4/3G3BE0AC/5/
5:5015]^A/8A/B7412A/E3;;A50/8A/95=81852A/;3/1BE3/;Ab43/a650a634/
XVYOKqMMLRWRtuXMRMKMUWKLLSTUKtuXMQRMZOXTLLSXPKSLMQRoRJMLROMZOX\
93;;A;/B54958A;/E305/245=;E54F=915/8A/B72A8A/3/E305/583a65]^A/
5A;/Abe321:A;?/"D/5/3;9A0c5/85/018345=]5/83/6B5/5;;A915]^A/83/905;\
;3C/83/6B/;1=81952A/83:3/A9A4434/3B/9A=HA4B18583/9AB/A/83;3eA/
85/B51A415C/a63/3;9A0c3/01:43B3=23/;36/43E43;3=25=23?/d=243/5/3;\
E3915018583/279=195/3/5/:A95]^A/EA0<2195/cD/81H343=]5;/E4AH6=85;/83/
=52643`5C/a63/E383B/81;21=25;/HA4B5;/83/439A=c391B3=2A?
d;;5;/a63;23;/:FB/ /2A=5/a65=8AC/3B/93425;/1=;21261]3;C/A/
E43;2<>1A/8A/i5;;3Bb03<;BAk/;64>3/9ABA/5b;A062A?/D/a63B/E43\
23=85/8391814/268A/=A/:A2AC/439A=c393=8A/=6B5/5;;3Bb0315/5/i;A\
|ROKPSKZMVRMKMVKWSTUKMZKOKMKMYXJKQKMQRMVKWVROMQRUSLuXqMuXM
EA4/595;AC/a65=8A/50>67B/;3/AE3/5/3;;5/>3=34501`5]^AC/03Bb45=8A/
5/45`^A/8A/B7412AC/A6:3B\;3/815241b3;/9A=245/5/iB3412A945915k?/d1;/
5</6B5/2543H5/E545/=f;/2A8A;h/439A=c3934C/95;A/5/95;AC/5/03>121B185\
QRMVRMYRJMKMQRUSLuXMZRWXMoXYXMXVMZRWXMORUXPvRUSJRPYXMQKMVKWST\
95]^A/1=81;E3=;D:30?/.;;1BC/=^A/303>343BA;/83E6258A/50>67B/;3B/
3;E<412A/Eb019AC/=3B/:A2543BA;/=A/E5;;5>314A/a63/83:34D/E10A254/
=A;;A/5:1^A?
6A^ ;8=

3B

3JMORWKtuXMKXMYRYXnMRLYpMUXOORYXMI5[ 3r3MXMVRMLRMKTOJKM
}.~/(?
}2~/((?
}~/(((?
}~/(/3/((?
}d~/((/3/(((?

Dn?/A=;18345=8A\;3/A/9A=23G2AC/;^A/3GE43;;3;/b5;25=23/E4f\
G1B5;/a65=2A/5A/;3=218Ah
MxKmROMVJKMRWRStuXMRMUXPTKOMPXMJ[OSYXMQXMZOXTLLSXPKWq
}2~/3;E3915018583/279=195/3/:A95]^A/EA0<2195?
lMUWKLLSTUKtuXMQRMZOXTLLSXPKSLMRMRLUXWvKMQKMWSQROKPtKq
0MKoKWSKtuXMQXMJ[OSYXMRMORUXPvRUSJRPYXMQKMVKWSTUKtuXq
}d~/245=;E54F=915/8A/B72A8A/3/83;3eA/85/B51A415?
Do?/.23=23/E545/5/4385]^A/8A/;3>61=23/9AB6=1958Ah
  8^ 9
l ];
  ?
.;/H50c5;/8A/23G2A/3=9A=245B\;3/E03=5B3=23/;5=585;/3Bh
}.~/z1BA;C/EA4/3;23/1=234B781AC/9A=:A9D\0A/E545/5/5;;3Bb0315/
>3450/85/E4fG1B5/;3G25\H3145C/a65=8A/;3/8391814^A/A;/46BA;/8A/=A;\
;A/BA:1B3=2A/431:1=81952f41A?
}2~/z13BA;/EA4/3;23/1=234B781A/9A=:A954\0c3/E545/5/5;;3B\
b0315/>3450/85/E4fG1B5/;3G25\H3145C/A=83/;3/8391814D/A;/46BA;/8A/
=A;;A/BA:1B3=2A/431=:1=81952f41A?
}~/z1BA;C/EA4/3;23/1=234B781AC/9A=:A954\0c3/E545/5/5;;3B\
b0315/>3450/85/E4fG1B5/;3G25\H3145C/3B/96e5/;3/8391814^A/A;/46BA;/
8A/=A;;A/BA:1B3=2A/431:1=81952f41A?
}~/z1BA;/EA4/3;;3/1=234B781A/9A=:A9D\0A/E545/5/5;;3Bb0315/
>3450/85/E4fG1B5/;3G25\H3145C/3B/a63/;3/8391814D/A;/46BA;/8A/=A;;A/
BA:1B3=2A/431:1=81952f41A?
}

012345
j^A/;3/6;5/h
\/jA/1=<91A/83/50>6=;/:A9Db60A;/3B/a63/A/C/3BbA45/321BA0f\
>19AC/HA1/301B1=58A/EA4/;3/245254/83/E505:45;/a63/3=24545B/=5/0<=>65/
EA4/:15/EAE6054C/9ABA/7/A/95;A/83/34:5C/1=:34=AC/3/d;E5=c5C/43;\
E3921:5B3=23/8A/0521BC/c34b5C/c1b34=6;/3/1;E5=15?/8;/8341:58A;/
346812A;C/3=24325=2AC/>45H5B\;3/9AB/h/c34b<:A4AC/c34b19185C/c1;E\
=19AC/c1b34=50C/c1b34=54C/329?

}d~/z13BA;C/EA4/3;23/1=234B781AC/9A=:A9D\0A/E545/5/5;;3B\
b0315/>3450/85/E4fG1B5/;3G25\H3145C/3B/a63/;3/8391814^A/A;/46BA;/
8A/=A;;A/BA:1B3=2A/431=:1=81952f41A?
*3;EA;25;h/ED\//Ea\2//Eq\d//Ef\//EV\//Eg\d//En\2//
Eo\//Eh\2//DE\//DD\2//Da\d//Dq\2//Df\.//DV\d//Dg\.//Dn\/
/Do\.

$tu$( 

 #) #*(* ((*

j5/0<=>65/H50585C/5/81;21=]^A/3=243/5;/:A>51;/D2A=5;/3/3/1C/A/
3/6/=3B/;3BE43/7/=<2185?/7/E41=91E50B3=23/83;;3/H52A/a63/=5;93B/
5;/8:185;/a65=8A/;3/3;943:3B/E505:45;/9ABA/a65;3C/1=2126054C/BD\
>A5C/b6014C/329?C/3B/a63/A9A443B/5a6305;/:A>51;?

MZKWKoOKMXOYXNOKTKM[MxXOJKQKMZRWXLMRWRJRPYXLMNORNXLMXOYXM
HUXOORYXZMRMNOKTKMHRLUOSYKZMLRPQXMKMRLUOSYKMUXOORYKMQKLMZKWKoOKLMQKM
0<=>65/EA426>63;5C/Ab38393=8A/5/6B5/9ABb1=5]^A/83/9412741A;/321\
BA0f>19A;/}01>58A;/ /A41>3B/85;/E505:45;~/3/HA=A0f>19A;/}01>58A;/
5A;/HA=3B5;/43E43;3=258A;~?
@AB3=23/5/1=21B18583/9AB/5/E505:45/3;94125C/7/a63/595b5/245\
mRPQXMKMJRJXOSmKtuXMQKMNOKTKMUXOORYKqM0RoRLRMYKJ|[JMUOSKOMXM
cDb12A/83/9A=;60254/9A=;25=23B3=23/6B/8191A=D41A?
3;83/A/815/E41B314A/83/"5=314A/83/aEEh/3;2D/3B/:1>A4/A/
XoXMUXOQXM5OYXNOpTUXMQKMGsPNVKA426>63;5C/EA4/1;;A/23BA;/
527/aEDg?
RUU UUj
/

RUUR
MMLsWK|KMTPKWMQRMxXOJKLMQXLMoRO|XLMYROJSPKQXLMRJMMVKOMUXP\
21=63C/c5b1263C/EA=263C/329?
MMLsWK|KMTPKWMQRMxXOJKLMQXLMoRO|XLMYROJSPKQXLMRJMMXKOM
5b3=]A3C/B5>A3C/E348A3C/329?
MLMZKWKoOKLMxXOJKQKLMUXJMXMZORTXMKPYRMMKPYRLnMKPYROSXOM
5=23b45]AC/5=2391E54C/5=2385254C/5=238106:15=AC/5=23:7;E345C/329?
\/8;/;3>61=23;/:A9Db60A;h/.443E154C/58358AC/5=83314AC/
3B12741AC/A=H323C/43A01=5C/6B33145C/3;E348<91AC/3;21054C/
1;3=23415C/dBE3910cAC/d=954=54C/(=8<>3=5C/(443a6132AC/!5941BA\
>F=3AC/_ 3G3419AC/_ 1B3f>45HAC/84a6<835C/346C/g65;3C/g63E3C/
@3=^AC/@3a634C/@3413B5C/@341=>5C//B383934?

RU

8/50H5b32A/E5;;A6/5/;34/HA4B58A/EA4/ag/03245;?/.;/03245;/i&kC/
ik/3/ik/=^A/345B/9A=;1834585;/1=23>45=23;/8A/50H5b32A/}5>A45/
;^A~?/d;;5;/03245;/;^A/6;585;/3B/6=18583;/83/B38185C/=AB3;/E4f\
E41A;C/E505:45;/3;245=>3145;/3/A6245;/E505:45;/3B/>3450?/dG3BE0A;h/
&BC/&>C/522C/E05>4A6=8C/ 10015BC/5H&5C/&5H&15=A?
zA>51;h/5C/3C/1C/AC/6?/
A=;A5=23;h/bC9C8CHC>CcCeC&C0CBC=CECaC4C;C2C:CCGCC`?
.0H5b32Ah/5CbC9C8C3CHC>CcC1CeC&C0CBC=CACECaC4C;C2C6C:CCGCC`?

MKMLsWK|KMTPKWMQRMxXOJKLMQXLMoRO|XLMYROJSPKQXLMRJMMKSOM
XROMMVSOMUKSnMUXOO$SnMQSJSPVSOnMSPwVSnMZXLLVSnMORYOS|VSnMLKSnMRYUqM
M3JMZKWKoOKLMxXOJKQKLMUXJMXMZORTXMKPYSMUXPYOKMKPYSK[\
43AC/.=21941;2AC/5=21232=19AC/5=213;27219AC/329?
\/jA;/;3>61=23;/:A9Db60A;h/5bA4<>1=3C/5]A415=AC/5421H<91AC/54\
YSJKPvKnMUKJXPSKPXnMlKLSJSOXnMUvRTKOnMUSJRPYXnMUOPSXnMUOSKOnM
94158A4C/9415]^AC/941A60AC/81>058154C/81;E0193=23C/341;1E305C/3;9D4=1AC/
xRJSPSPXnMSWSZRnMxOXPYSLZsUSXnM#TN{PSKnMSPUWSPKOnMSPUSPROKOnMSPSNVKWp\
:30C/1=:f0694AC/05e15=AC/05BE1^AC/ED21AC/E3=19101=5C/EA=215>68AC/E41\
:107>1AC/43a61;12AC/@19<015/}10c5~C/;10:<9A05C/;141C/2343b1=21=5C/y1b141]DC/
z14><01A?

$tu
3LYKMWRYOKnMRJMSPsUSXMXVMTJMQRMZKWKoOKLnMPuXMYRJMoKWXOMxXP[YS\
9AI/9A=;34:A6\;3/5E3=5;/9ABA/;<BbA0AC/EA4/HA4]5/85/321BA0A>15/3/
85/24581]^A/3;94125?/F45H5\;3C/EA4/3G3BE0AC/C/EA4a63/3;25/E505\
:45/:3B/8A/0521B/?
dBE43>5\;3/A/h
\/(=19150C/a65=8A/321BA0f>19Ah/cDb12AC/c70193C/c34f1C/c74=15C/c3\
;1254C/c56414C/329?
\/_ 38150C/9ABA/1=23>45=23/8A;/8<>45HA;/9cC/0c/3/=ch/9c5:3C/bA\
WSUvRnMYRWvKnMwRUvKMUXJZKPvSKnMRYUq
\/1=50/3/1=19150C/3B/93425;/1=234e31]3;h/5cC/1cC/c3B'C/c6BC/329?
\/.0>6B5;/E505:45;/1=191585;/9AB/5/03245/h/cD012AC/c54BA\
=15C/c5=>54C/cDb10C/c3BA445>15C/c3B1;H741AC/c301EA42AC/c3B52AB5C/
c<H3=C/c105418583C/c1EA9A=8415C/c1Ef23;3C/c1EA941;15C/cAB3=5>354C/
c345C/cB6;I
\/@3B/cC/EA47BC/A;/8341:58A;/b515=A;C/b515=1=c5C/b51^AC/b515\
=585C/329?

U/5bA014C/b5=2AC/bA523C/bA059c5C/bA03\
21BC/bA23a61BC/b;;A05C/9cA:34C/9Ab1]5C/9A=9A44F=915C/9A;26B3C/3=\
>A014C/>A305C/BD>A5C/BA95BbAC/BA305C/BA03a63C/BA;a612AC/=7:A5C/
=f8A5C/fbA0AC/A9A44F=915C/43bA250cAC/*ABF=15C/241bA?
U/b6014C/b64b641=cAC/95B6=8A=>AC/
9c6:1;954C/96Bb695C/9E605C/96426B3C/9626954C/3=26E14C/<=>65C/e5\
b621C/e5b62195b5C/0fb60AC/_ 5=630C/B62695C/43b601]AC/2Db65C/25b6585C/
2A=12465=23C/247>65C/6421>5?
U*3>1;245BA;/50>6=;/E54=1BA;/a63/;3/81H343=\
USKJMZRWKMXZXLStuXMQKLMoXNKSLMRMRMSnMXMRMVqMSRJXLMKMNOKTKMRM
XMLSNPSTUKQXMQXLMLRNVSPYRL
D435//;6E34H<913
D415//B30A815C/95=21>5

012345
RUU

//E4/54431A;C/3=H31254
w//5b51G54C/E4/=A/9c^AC/9514
//0A=>A
j/E54219<E1A/83/96BE414
/3G23=;^A
j//;5685]^AC/52A/83/96BE414
U//=5:3>54/A6/E5;;54/e6=2A/ /9A;25
jU|MZKNKOMKLMUVLYKLnMTPKPUSKO
w/9A=93834C/523=834
ww//;34/81H343=23C/81:34>14
/83=6=9154
w/81;23=834C/56B3=254
U/52A/83/83;943:34
U//a65018583/83/a63B/7/81;9432A
tw//:14/ /2A=5
wtw//B34>60c54
tw//;514/8A/E5<;
wtw//3=2454/=6B/E5<;/3;245=cA
tw//a63/A6/a63B/3B1>45
wtw//a63/A6/a63B/1B1>45
tw//303:58AC/106;243
wtw//a63/5B35]5/59A=23934
/81:34214
/94154/=A:5B3=23
//3B1214/;ABC/39A54C/43E3496214
//3GE3014/;6A4/E30A;/EA4A;C/245=;E1454
w//5b5;23934
w//E4A86`14/}3H312A/A6/43;60258A~
w//5b5;23918AC/b3B/E4A:18AC/:54158A
w/E4A86`18AC/956;58A
v//5245:3;;54/}41A~/EA4/A=83/8D/E7C/E5;;54/5/:56
vw//:1:34/=5/:5815>3BC/:5>5b6=8354C/03:54/:185/83/:581A

\/505:45;/8341:585;/83/A6245;/234B1=585;/3B/eDh/0545=e5/}05\
45=e3145~C/0Ae5/}0Ae1;25C/0Ae395~C/>45=e5/}>45=e314AC/>45=e3=;3~C/>A4e5/
}>A4e325C/>A4e31A~C/01;A=e5/}01;A=e354C/01;A=e314A~C/;54e5/};54e325~C/93\
43e5/}9343e3145~?
\/yA85;/5;/HA4B5;/85/9A=e6>5]^A/8A;/:34bA;/234B1=58A;/3B/
e54/A6/e354h/5445=e54/}5445=e3~C/83;E3e54/}83;E3e31~C/>A4e354/}>A4\
e315~C/:15e54/}:15e31C/:15e3B~//}:15>3B/7/;6b;25=21:A~?
\/zA9Db60A;/9A>=52A;/A6/8341:58A;/83/A624A;/a63/2FB/eh/05e3/
}05e38A~C/=AeA/}=Ae3=2A~C/e312A/}e312A;AC/3=e31254C/E4Ae3]^AC/43e31254C/
;6e312AC/245e32AC/243e312A~?
\/505:45;/83/A41>3B/5B34<=815/}E41=91E50B3=23/26E1\>6545=1~/
A6/5H4195=5h/95=e34FC/95=e195C/e3=1E5EAC/e3a6121bDC/e341B6BC/e1bA15C/
e10fC/e1456C/E5e7C/329?
\/.;/;3>61=23;/E505:45;h/50H5=e3C/50HA4e3C/b341=e305C/95H5e3;23C/
9343e3145C/1=246e193C/e395C/e3>63C/"343B15;C/"3419fC/"34=1BAC/e74;31C/
e16\e<2;6C/B5e3;2583C/B5e3;2A;AC/B5=e38A645C/B5=e3419^AC/Ae341`5C/
E3>5e3=2AC/41e3`5C/;5b6e193C/;6e3145C/245e3C/60245e3C/:543e1;25?
\/.23=]^Ah/_ Ae1/E505:45/83/A41>3B/1=8<>3=5C/83:3/;34/3;94125/
9AB/qMXXOMYOKQStuXMKWNVJKLMUSQKQRLMQRMIuXMXKVWXMKQXYKJMKMNOKTKM
9AB/C/9ABA/5;/918583;/83/_ A>1/85;/46`3;/3/_ A>1\_ 141B?
U
8/HA=3B5/;C/9A=HA4B3/A/95;AC/43E43;3=25\;3/EA4h
\/;h/59321=58AC/5]5H4^AC/50B5]AC/5=A123934C/93=;645C/91B3=\
2AC/85=]5C/85=]54C/9A=2A4]^AC/3G93]^AC/3=8343]AC/(>65]6C/B5]5419AC/
B5]54A95C/B5]AC/B591]AC/B1]5=>5C/B6]60B5=AC/B6]645=5C/E5]A\
95C/E5=]5C/E1=]5C/@6<]5C/;6<]AC/:191;;12683?
\/h/=;15C/5=;154C/5=;1A;AC/5=;138583C/95=;54C/95=;58AC/83;95=\
;54C/83;95=;AC/81:34;^AC/3G964;^AC/H54;5C/>5=;AC/cA42F=;15C/E4323=\
;^AC/E4323=;1A;AC/E4AE3=;^AC/43BA4;AC/;3bAC/23=;AC/623=;<01A?
\/h/593;;AC/593;;f41AC/593;;<:30C/5;;54C/5;;31AC/5;;1=54C/954\
4A;;30C/95;;1=AC/9A=93;;^AC/81;96;;^AC/3;95;;3`C/3;95;;AC/3;;3=9150C/
3GE43;;^AC/H4595;;AC/1BE43;;^AC/B5;;5C/B5;;5>1;25C/B1;;^AC/=393;;D\
OSXnMX|LRLLuXnMXZORLLuXnMZ{LLRNXnMZOXUSLLuXnMZOXTLLuXnMZOXTLLSXPKWnM
43;;64431]^AC/;3;;3=25C/;A;;3>54C/;A;;3>AC/;6bB1;;^AC/;693;;1:A?
\/7;7h/5947;91BAC/58A03;93=23C/5;93=;^AC/9A=;91F=915C/
9A=;913=23C/943;934C/943;]AC/83;934C/83;]AC/83;]5C/81;91E01=5C/81;9<\
ZVWXnMQSLUROPSOnMxKLUSPKOnMwXORLUROnMSJZORLUSPQsoRWnMP[LUSXnMXLUSWKOnM
E1;91=5C/43;;6;91254C/;31;93=2A;C/;6;932<:30C/;6;9321b1018583C/;6;91\
254C/:<;9345?
\/h/5E4AG1B54C/56G10154C/56G<01AC/BDG1BAC/E4fG1BAC/E4AG1B1\
8583C/24A6G3C/24A6G34C/24A6G345BC/329?
\/h/3G93]^AC/3G9383=23C/3G93834C/3G930F=915C/3G9303=23C/3G930\
;AC/3G9F=2419AC/3G93E91A=50C/3G93;;AC/3G93;;1:AC/3G932AC/3G91254C/329?

$tu
545/43E43;3=254/A/HA=3B5/e/3G1;23B/865;/03245;I/>/3/e?/F45H5\
\;3/3;23/A6/5a6303/;1>=A/=^A/83/BA8A/54b124D41AC/B5;/83/59A48A/
9AB/5/A41>3B/85/E505:45?/dG3BE0A;h/>3;;A/}8A/>43>A/>E;A;~C/e312A/
}8A/0521B/e5926~/3/e1E3/}8A/1=>0F;/e33E~?
RUU
\/8;/;6b;25=21:A;/234B1=58A;/3B/5>3BC/\1>3BC/\6>3Bh/>545\
>3BC/B5;;5>3BC/:15>3BC/A41>3BC/:3421>3BC/H3446>3BC/05=6>3B?/
P-h/E5e3B
\/.;/E505:45;/234B1=585;/3B/D>1AC/\8C/\C/\C/\h/
9A=2D>1AC/3;2D>1AC/3>47>1AC/E4A8<>1AC/430f>1AC/43H>1A?
\/505:45;/8341:585;/83/A6245;/a63/;3/>45H5B/9AB/>h/B5;;5\
>1;25/}83/B5;;5>3B~C/:3421>1=A;A/}83/:3421>3B~C/H3446>1=A;A/}83/
H3446>3B~C/3=>3;;54/}83/>3;;A~C/H541=>123/}83/H541=>3~C/;30:5>3415/
}83/;30:5>3B~C/329?
\/8;/;3>61=23;/:A9Db60A;h/50>3B5C/5=>19AC/5EA>36C/56>3C/3;\
245=>314AC/>3=>1:5C/>3;2AC/>1b1C/>10323C/>1=323C/><415C/>1`C/c3>3BA=15C/
c343>3C/B3>345C/BA=>3C/45b6>3=2AC/;6>3;2^AC/25=>341=5C/21>305?

twt
M|MSPwRuXMQKMoXmnMLSPKWMNOpTUX
//06>54/E545/;3=254\;3
//43H343=23/5A/D918A/597219A/}:1=5>43~
U//43H343=23/5A/5;9321;BAC/B<;219A
U//623=;<01A/83/:1B3/A6/A624A/B5234150
/A481=50/43H343=23/5/;31;
T//>45=83/:305/83/9345
w//=526450/85/@<415

012345
M5MLVTXMMRmMxXOJKMLV|LYKPYSoXLMK|LYOKYXLMxRJSPSPXLMQROS\
:58A;/83/58e321:A;h/54183`/}83/D418A~C/59183`/}83/D918A~C/45E183`/
}83/4DE18A~C/3;26E183`/}83/3;2E18A~C/B683`/}83/B68A~/5:183`/}83/
D:18A~/E50183`/}83/ED018A~/069183`/}83/0918A~C/329?

U//E3=;^A
wt//23443BA2A
//HA4B54/EA]5
tu/854/EA;;3/5
//E41=91E15=23
wwuw//1>=A45=23
UU//52A/83/1=23493834
U//EA=2A/3B/a63/865;/01=c5;/;3/946`5B
j//E548593=2A
//=526450/85/*;;15

jSRR

R
MQJRYSoXLMUXJMXLMLVTXLMMXLXnMXLKMNXLYXLXnMNXLYXLKnMNOK\
91A;AC/>4591A;5C/231BA;AC/231BA;5C/329?
MQJRYSoXLMZpYOSXLMUXJMXLMLVTXLMMC/\3;5h/EA426>6F;C/EA426\
>63;5C/1=>0F;C/1=>03;5C/B105=F;C/B105=3;5C/329?
\/@6b;25=21:A;/3/58e321:A;/234B1=58A;/3B/C/H3B1=1=A/3;5h/
b64>6F;C/b64>63;5C/b64>63;3;C/95BEA=F;C/95BEA=3;5C/95BEA=3\
;3;C/H43>6F;C/H43>63;5C/H43>63;3;C/329?
\/z34bA;/8341:58A;/83/E505:45;/96eA/4581950/234B1=5/3B/;h/
5=501;54/}83/5=D01;3~C/5E43;54/}83/E43;5~C/5245;54/}83/524D;~C/3G25;154/
}83/FG25;3~C/3G245:5;54/}83/:5;A~C/501;54/}83/01;A~C/329?
\/A4B5;/8A;/:34bA;//3//3/83/;36;/8341:58A;h/E6;C/
E6;3BA;C/9ABE;C/1BE6;34C/a61;C/a61;345BC/329?
\/8;/;3>61=23;/=AB3;/E4fE41A;/83/E3;;A5;h/.:1;C/25025;54C/
24D;C/d01;36C/F549F;C/30A<;5C/(=F;C/(;5b30C/(;5645C/!6<;C/!6<;5C/
g6314f;C/*3;3=83C/@A6;5C/y343;5C/y343;1=c5C/yABD;C/z508F;?
\/8;/;3>61=23;/:A9Db60A;/3/;36;/9A>=52A;h/501D;C/5=1;C/54=F;C/
;C/5245:7;C/5:1;54C/b3;A64AC/9A01;^AC/9A=:7;C/9A42F;C/9A423\
;15C/83H3;5C/83;E3;5C/3BE43;5C/3;E0F=818AC/3;EA=2=3AC/3:5;1:5C/
H5;3C/H45;3C/H43>63;15C/H6;<:30C/>D;C/FA1D;C/>4A;30c5C/c343;15C/c3;1254C/
B5=>5=F;C/BF;C/B3;585C/Ab;7a61AC/Ab6;C/E51;5>3BC/E5<;C/E545<;AC/
EF;5B3;C/E3;a61;5C/E43;5C/E43;7E1AC/E43;<81AC/a634A;3=3C/45EA;5C/
43E43;5C/43a61;12AC/4F;C/43;3;C/4324f;C/43:7;C/;64E43;5C/23;A645C/23;A6\
4AC/24F;C/6;1=5C/:5;10c5C/:5;301=5C/:1>7;1BAC/:1;125?
R
\/8;/8341:58A;/3B/`50C/\`314AC/\`1=cAC/\`1=c5C/\`12AC/\`125h/95\
H3`50C/95H3`314AC/95H3`1=cAC/5:3`1=c5C/9^A`12AC/5:3`125C/329?
\/8;/8341:58A;/83/E505:45;/96eA/4581950/234B1=5/3B/`h/946`31\
4A/}83/946`~C/3=451`54/}83/451`~C/3;:5`154/}83/:5`1A~C/329?
M5LMoRO|XLMxXOJKQXLMUXJMXMLVTXMMSmKOMRMZKWKoOKLMUXNPKYKLM
H342101`54C/H342101`5=23C/91:101`54C/91:101`5]^AC/329?
\/@6b;25=21:A;/5b;2452A;/3B/3`5C/8341:58A;/83/58e321:A;/3/83\
=A25=8A/a65018583/H<;195/A6/BA450h/EAb43`5/}83/EAb43~C/01BE3`5/
}83/01BEA~C/H413`5/}83/H41A~C/329?
\/.;/;3>61=23;/E505:45;h/5`54C/5`3123C/5`DH5B5C/5`38AC/5B1`583C/
5E45`<:30C/b501`5C/b6`1=54C/b5`54C/9c5H541`C/9195241`C/Ae341`5C/E43`54C/
E43`58AC/E4A3`5C/:5`54C/:1`1=cAC/G5843`?
jSR
M5MLVTXMM/}0521B/3=;3~/HA4B5/58e321:A;/} ;/:3`3;/;6b;\
25=21:A;~/8341:58A;/83/;6b;25=21:A;/9A=9432A;h/BA=2F;/}83/BA=23~C/
9A42F;/}83/9A423~C/b64>6F;/}83/b64>A~C/BA=25=cF;/}83/BA=25=c5~C/
H45=9F;/}83/45=]5~C/9c1=F;/}83/c1=5~C/329?


\/jA;/;3>61=23;/;6b;25=21:A;/9A>=52A;/83/:34bA;/234B1=58A;/
3B/3=834h/83H3;5/}83H3=834~C/E43;5/}E43=834~C/83;E3;5/}83;E3=\
834~C/43E43;5/}E43=834~C/3BE43;5/}3BE433=834~C/;64E43;5/};64E433=\
834~C/329?
\/jA;/;6b;25=21:A;/H3B1=1=A;/83;1>=521:A;/83/2<260A;/=Ab101D4\
a619A;h/b54A=3;5C/8A>3;5C/86a63;5C/B54a63;5C/E41=93;5C/9A=;603;5C/
E41A43;5C/329?
\/j5;/HA4B5;/H3B1=1=5;/8A;/58e321:A;/234B1=58A;/3B/h/b64\
>63;5/}83/b64>6F;~C/H45=93;5/}83/H45=9F;~C/95BEA=3;5/}83/95BEA\
=F;~C/B105=3;5/}83/B105=F;~C/cA05=83;5/}83/cA05=8F;~C/329?
\/j5;/;3>61=23;/E505:45;/H3B1=1=5;h/H45BbA3;5C/1=83H3;5C/03;5C/
B3;5C/;Ab43B3;5C/Ab3;5C/y343;5C/23;5C/2A3;5C/264a63;5C/329?/

\/jA;/;6b;25=21:A;/H3B1=1=A;/5b;2452A;/8341:58A;/83/58e321:A;/
3/83=A258A/a65018583;C/3;258AC/9A=81]^Ah/b303`5/}83/b30A~C/H45=\
a63`5/}83/H45=9A~C/EAb43`5/}83/EAb43~C/03:3`5/}83/03:3~C/329?
UU
d;943:3\;3/1;54/}9AB/;~/a65=8A/A/4581950/8A;/=AB3;/9A443;\
EA=83=23;/234B1=5/3B/;?/@3/A/4581950/=^A/234B1=54/3B/;C/>45H5\
\;3/1`54/}9AB/`~h/5:1;54/}5:1;A//54~C/5=501;54/}5=D01;3//54~C/501;54/
}5//01;A//54~C/b1;54/}b1;//54~C/952501;54/}952D01;3//54~C/1BE4A:1;54/
}1BE4A:1;A//54~C/E54501;54/}E54501;15//54~C/E3;a61;54/}E3;a61;5//
54~C/E1;54C/43E1;54/}E1;A//54~C/H41;54/}H41;A//54~C/>41;54/}>41;//54~C/
5=54a61`54/}5=54a615//1`54~C/91:101`54/}91:10//1`54~C/95=501`54/}95\
=50//1`54~C/5B3=1`54/}5B3=A//1`54~C/9A0A=1`54/}9A0A=A//1`54~C/
:60>541`54/}:60>54//1`54~C/BA2A41`54/}BA2A4//1`54~C/3;945:1`54/}3;\
945:A//1`54~C/9195241`54/}9195241`//1`54~C/83;01`54/}83;01`3//1`54~C/
B521`54/}B521`//1`54~?
$tu\/d;25/03245/43E43;3=25/A;/;3>61=23;/HA=3B5;h
c//G54AE3C/3=GAH43C/:3G5B3C/329?
@//;3GAC/0D23GC/07G19AC/2fG19AC/329?
//3G5B3C/3G<01AC/FGA8AC/329?
@@//56G<01AC/BDG1BAC/E4fG1BAC/329?
@//;3G2AC/23G2AC/3GE392521:5C/3G23=;^AC/329?
\/j^A/;A5/=A;/>46EA;/1=234=A;/G93\/3/G91\h/3G93]^AC/3G93834C/
3G9303=23C/3G930;AC/3G9F=2419AC/3G93;;1:AC/3G91254C/1=3G938<:30C/329?
\/F45H5B\;3/9AB/G/3/=^A/9AB/;h/3GE392521:5C/3GE3413=23C/3G\
E154C/3GE1454C/3GEA3=23C/FG25;3C/3G25;158AC/3G24514C/HF=1GC/23G2AC/329?
\/d;943:3\;3/G/3/=^A/9ch/dB/>3450C/83EA1;/83/812A=>Ah/951G5C/
b51GAC/H51G5C/H31G3C/H4A6GAC/5B31G5C/4A6G1=A0C/;31GAC/329?/dG93265B\
\;3//3/A;/8341:58A;/9569c50C/439569c6254/3/439569c625>3B?/
F3450B3=23C/83EA1;/85/;<05b5/1=19150/3=\h/3=G585C/3=G5B3C/3=G5\
B354C/3=G5>54C/3=G5a6395C/3=G34>54C/3=G342AC/3=GA:50C/3=G6>54C/

012345
3=G644585C/3=G62AC/329?/dG93E91A=50B3=23C/>45H5B\;3/9AB/9ch/
3=9c54954/}83/9c549A~C/3=9c34/3/;36;/8341:58A;/}3=9c3=23C/E433=\
UvROnMRPUvXoKnMRPUvVJKtKOMQRMUvVJKtXnMRPTJnMYXQKMoRmMVRMLRM
YOKYKMQXMZORTXMRPMMZKWKoOKMSPSUSKQKMZXOMUvqM3JMoXUp|VWXLMQRMXOS\
>3B/1=8<>3=5/A6/5H4195=5h/5b595G1C/G5:5=23C/95G5Bb6C/95G1=>630FC/
A41GDC/B5G1G3C/329?/j5;/;3>61=23;/E505:45;h/b3G1>5C/b46G5C/9A5G54C/
H5G1=5C/>45G5C/05>5421G5C/01G5C/01GAC/B3G34C/B3G3419AC/E6G54C/41G5C/
AG50DC/E45G3C/:3G5B3C/G54AE3C/G5G1BC/G<9545C/G503C/G1=>54C/G5BE6?
$tu
d;943:3\;3/9AB/9cC/3=243/A624A;/A;/;3>61=23;/:A9Db60A;h/b6\
9c5C/9c54a63C/9c54465C/9c5:3=5C/9c1B544^AC/9c69c6C/9A9c10AC/H59c5\
QKnMTUvKnMwRUvKnMJRUvKnMJXUvSWKnMZRUvSPUvKnMYXUvKq
twt
j//3;2B5>A
s//3;E7913/83/54b6;2A
//4391E13=23/83/B583145
//95E3=>5C/B5=9A
/B5=9c5C/83H312AI/E3a63=A/E43>AI/E43>A/83/95b3]5/054\
>5/3/9c525C/95083145?
)//1BEA;2AC/E43]A/83/;34:1]A/Eb019AC/9A=25C/2541H5
//E05=25/85/H5B<015/85;/23D935;I/1=H6;^A/83/HA0c5;/8A/9cD/
A6/83/A6245;/E05=25;
-//2<260A/8A/;Ab345=A/85/74;15/}52650/(4^~
//A483B/83/E5>5B3=2A
-/=A/eA>A/83/G5843`C/05=93/3B/a63/A/431/7/525958A/EA4/
6B5/E3]5/58:34;D415

\/j5;/E505:45;/EA426>63;5;/;f/;3/86E0195B/5;/9A=;A5=23;/C/
*C/@?
\/d;943:3\;3/9AB//A6//a65=8A/5;/865;/9A=;A5=23;/;A5B/
81;21=25B3=23h/9A=:19]^AC/A991E1250C/9A9]^AC/H419]^AC/H41991A=54C/
H59]^AC/;69]^AC/329?
\/6E0195B\;3/A/*/3/A/@/3B/8A1;/95;A;h/g65=8AC/1=234:A9D\
019A;C/43E43;3=25B/A;/HA=3B5;/4/HA423/3/;/;1b105=23C/43;E3921:5\
B3=23h/9544AC/H344AC/EF;;3>AC/B1;;^AC/329?/g65=8A/5/6B/303B3=2A/
83/9ABEA;1]^A/234B1=58A/3B/:A>50/;3>614C/;3B/1=234EA;1]^A/8A/
c<H3=C/E505:45/9AB3]585/9AB/4/A6/;h/544AG358AC/9A44305]^AC/
E43;;6EA4C/b1;;3B5=50C/>145;;A0C/B1=1;;515C/329?

/a63/;3/E;/93810c5?/(=8195/a63/A//E5;;5/5/234/;AB/
83/h/50B5]AC/5B35]5C/9Ab1]5C/8A3=]5C/3031]^AC/3G93]^AC/HA4]5C/
H46;245]^AC/>341=>A=]5C/e6;21]5C/01]^AC/B1]5=>5C/E43>61]5C/45]5?
jA;/;6b;25=21:A;/8341:58A;/8A;/:34bA;h//3//3/;36;/83\
41:58A;h/C/523=]^AI/C/5b;23=]^AI/C/4323=]^AI/C/
2A4]^AI/C/9A=2A4]^AI/C/81;2A4]^A?
8//;f/7/6;58A/5=23;/83/.C8C/?
RUUUjU
\/./E41B3145/E505:45/83/E34<A8A/A6/9125]^A?/1`/6B/E4A:74b1A/
D45b3h/i./5>60c5/:3;23/A;/A624A;/3/:1:3/=65k?/jA/1=<91A/8A;/:34;A;/
a63/=^A/5b43B/E34<A8A/7/H59602521:A/A/6;A/85/03245/B51;9605?


\/@6b;25=21:A;/E4fE41A;/}5=24AE=1BA;C/5096=c5;C/2AE=1BA;C/
=AB3;//;5>458A;C/B12A0f>19A;C//5;24A=B19A;~h/"A;7C/y14583=23;C/
245;10C/.B5`=15C/5BE1=5;C/36;C/_ 5415/@5=2<;;1B5C/y6E^C/_ 1\
=34:5C/z15\!D9235C/_ 5423C/46`314A/8A/@60C/329?/
\/jAB3;/83/7EA95;/c1;2f4195;C/8525;/3/H52A;/1BEA425=23;C/H3;25;/
4301>1A;5;h/(8583/_ 7815C/*3=5;93=]5C/3=23=D41A/85/(=83E3=8F=915/
8A/245;10C/5/D;9A5C/A/j5250C/A/15/85;/_ ^3;C/329?
\/jAB3;/83/502A;/954>A;/3/81>=18583;h/5E5C/43;183=23/85/*3\
Eb0195C/329?
\/jAB3;/83/502A;/9A=9312A;/4301>1A;A;/A6/EA0<219A;h/(>43e5C/j5\
]^AC/d;258AC/D2415C//=1^AC/*3Eb0195C/329?
\/jAB3;/83/465;C/E45]5;C/381H<91A;C/3;25b30391B3=2A;C/5>43B15\
]3;C/f4>^A;/Eb019A;C/329h/*65/8A/86:18A4C/45]5/85/5`C/.9583B15/
245;103145/83/!3245;C/25=9A/8A/245;10C/y3524A/_ 6=191E50C/A07>1A/
@5=21;25C/329?
\/jAB3;/83/5423;C/91F=915;C/2<260A;/83/E4A86]3;/542<;2195;C/0123\
OpOSKLMRMMUSRPYsTUKLnMYsYVWXLMQRMJXOPKSLMRMORoSLYKLM[ RQSUSPKnMOVS\
YRYVOKnM5LMGVLsKQKLnM5MVKOKPSnM0SUSXPpOSXMRXNOpTUXM`OKLSWRSOXnM
A4431A/85/_ 5=c^C/_ 5=9c323C/329?
\/dGE43;;3;/83/24525B3=2Ah/zA;;5/dG930F=915C/@4?/43;183=23C/
dG9303=2<;;1BA/@3=cA4/_ 1=1;24AC/@3=cA4/1432A4C/329?
\/jAB3;/8A;/EA=2A;/9548351;C/a65=8A/83;1>=5B/43>13;h/8;/EA\
:A;/8A/8413=23C/A/H5054/8A/jA423?// _ 5;h/A441/A/E5<;/83/=A423/5/
;60?/8/@A0/=5;93/5/03;23?
MXJRLMUXJVPLnMVKPQXMZROLXPSTUKQXLMXVMSPQSoSQVKQXLMXM
.BA4C/A/81AC/5/_ A423C/A/"5b621/}=5;/HDb605;~C/329?
RUUUjU
\/jAB3;/83/B3;3;C/83/H3;25;/E5>^;/A6/EAE60543;C/=AB3;/>3=\
2<019A;C/=AB3;/E4fE41A;/2A4=58A;/9AB6=;h/B515C/b595=51;C/954=5:50C/
1=>03;3;C/5:3\B5415C/6B/c5:5=5C/329?
\/8;/=AB3;/5/a63/;3/43H343B/A;/123=;/f/3/V/591B5C/a65=8A/3B\
E43>58A;/3B/;3=218A/>3450h/@^A/384A/HA1/A/E41B314A/E5E5?/yA8A;/
5B5B/;65/ED2415?
MXJRLMUXJVPLMKPYRZXLYXLMKMPXJRLMZO$ZOSXLMNRXNOpTUXLMXM
41A/.B5`A=5;C/5/b5<5/83/F65=5b545C/A/E19A/85/j3b01=5C/329?
\/505:45;C/83EA1;/83/8A1;/EA=2A;C/=^A/;3/24525=8A/83/9125]^A/81\
4325h/ig650/8303;h/A/cA4230^A/A6/A/58:A>58A'kI/ic3>5B/A;//B5>A;/
8A/8413=23C/9AB/;65;/8D81:5;h/A64AC/1=93=;AC/B1445k?
\/jA/1=2341A4/8A;/2<260A;C/5;/E505:45;/D2A=5;C/9ABAh/AC/5C/9ABC/83C/
3BC/;3BC/>45H5B\;3/9AB/1=19150/B1=;9605?
WNVJKLMZKWKoOKLMXVMRZORLLbRLMUXLYVJKJMKZORLRPYKOMQSTUVW\
8583;/9A0A95=8A/3B//a63B/E4323=83/H5054/A6/4381>14/
EA426>6F;/9602A?/d;25/7/6B5/AEA426=18583/E545/:A9F/5E34H31]A54/
;36/83;3BE3=cA?/43;23/523=]^A/3/23=23/1=9A4EA454/251;/E505:45;/
93425;/3B/;1265]3;/5E4AE41585;?
5=A;h//1=8195/23B EA/H6264Ah/5a61//6B /5=A/143B A;/ /
d64AE5?
:5=A;h//1=8195/23BEA/E5;;58Ah/=^A/A/:3eA//B3;3;?
i4A9643/A/;36/95B1=cA
d6/5E43=81/5/5=854/;A`1=cA
(;2A/HA1/twtu
_ 5;/51=85/;31/9ABA/;3/H5`
_ 1=c5;/B^A;/3;2^A/95=;585;
j^A/23=cA/B51;/A=83/B3/5>54454?k
jU

012345
/:/B612A/23BEA/eD/1=8195/E5;;58A?/j^A/cD/=393;;1\
8583/83/6;54/C/1;2A/7/6B/E03A=5;BA?
h/3a61:503/5/h/50D:5BA;//
6B5/;A06]^A/B30cA4?
:h/3a61:503/5/?/:/815;/43;A0\
:3BA;/3;23/95;A?
h/3a61:503/h/@65/5212683/:51/
/:348583?
h/3a61:503/5/h/_ 1=c5;/AE1\
=13;/:^A//;65;?
 h/0A96]^A/E43EA;121:5/a63/1=8195/h/zA6/
 /:1;12D\05?
 h/7/6B/58e321:A/3/3a61:503/5/h/@ABA;/
50B5;/?
)h/3a61:503/h/)/H5054/9A\
B3]A6/5/9cA454/}AEA;1]^A~?
P ,h/3a61:503/5/h/P ,/59ABE5=c54\
JRnMTUXVML$q
KtKMoXU{MKMLVKMZKOYRnMKXMSPo[LMQRMTUKOMJRMUX|OKPQX
g65=25;/:3`3;/6;5BA;/i5A/1=:7;/83k/a65=8A/a6343BA;/81`34/
i=A/06>54/83k
A=268AC/3;;3/3BE43>A/7/3a61:A958AC/6B5/:3`/a63/i1=:7;k/
LSNPSTUKMHUXPYOpOSXZnMHSPoROLXZqMuXMVRMLRJKMK|LVOQKJRPYRMROOKQXM
3;943:34/i5A/1=:7;/83k/3B/H45;3;/a63/3GE43;;5B/;3=218A/83/i3B/
06>54/83kC/B5;/7/E43H34<:30/AE254/EA4/i3B/:3`/83k?
8b;34:3h/dB/:3`/83/9A=:34;54C/E43H3416/>41254/E545/5/3;9A05/
1=23145/A6:14/}3B/06>54/83~/d03/E3816/a63/HA;;3/3BbA45/5A/1=:7;/
QRMTUKOMRMQSLUVYSOMXMUKLXqMKXMUXPYOpOSXMQR
eLRMHKXMSPo[LMQRZMVKPQXMVSLROMXMLSNPSTUKQXMQRMHKXMUXPYOp\
41A/83kC/i3B/AEA;1]^A/5kC/i5:3;;AkC/i1=:34;Ak?
/;3/i3B/:3`/83k/a65=8A/a61;34/6B/;3=218A/83/i=A/06>54/83k/
XVMHRJMWVNKOMQRZqMXMRPYKPYXnMZXQRMKLLVJSOMXMLSNPSTUKQXMQRMHKXM
1=:7;/83kC/;3B/E4Ab03B5;?/A47BC/A/a63/A9A443/7/e6;25B3=23/A/
9A=24D41AC/9A0A95\;3/i5A/1=:7;/83k/A=83/=^A/EA83415?
h/3a61:503/5/h/d;25BA;//85;/
bA5;/=A2<915;?
h/1=8195/4305]^A//A6/
h/8/8f054/3/A/364A/3;2^A/?
h2AB54/9A=c391B3=2A/83h/8/B3=1=A/5E43=836/5/
01]^A?/
MZORPQROM5MTLUKWMKZORRPQRVMKMUKOYRSOSPvKMQXM
B3=1=A?/
4/2A5h/7/6B5/0A96]^A/58:34b150/83/BA8AC/3a61:503/5/
h/.=85:5/ /2A5/E305/465?
4h/7/6B/58e321:A/}43H343\;3/5/6B/;6b;25=21:A~C/3a61:5\
03/5/<:30?/A1/6B5/5212683/ /3/E4391E12585?/}527/
EDEDaEEh/345/>45H585h/ \2A5~
h/A;/E43]A;/a65=8A/=^A/cD/Abe32A/81432AI//H6=\
91A=5B/9ABA/h/ /};6e312A~/=A;/;6E34B34\
958A;?/z5BA;/9AB3BA454C/E3;;A50


0h//3BE43>58A/9AB/h/8;/EA;2A;/
};6e312A~/83/9ABb6;2<:30/0 /}Abe32A/81432A~/85/
>5;A01=5?
0h/7/5/E3;;A5/a63/b3b3h/yA4=31\B3/6B/>45=83/00/
83/:1=cA?
0h/7/A/5E5430cA/a63/HA4=393/D>65?/d;23/00/
3;2D/H6=91A=5=8A/b3B?
91h/7/6B/58e321:A/9ABEA;2Ah/zA9F/7/;3BE43/0 )9
/5a61C/eA:3B?
)h/7/=AB3/E4fE41Ah/)/7/B36/9A03>5/83/905;;3?
2 Q h/;^A/HA4B5;/:5415=23;/}6;585;/=A4B50B3=23~h/
z1:15/=5/l2 Ql ?
3-Q3-/83/>D;h/5Bb5;/HA4B5;/9A44325;h/ABE431/6B/09
3-Ql3-/83/>D;?
4 h/3a61:503/5A//A=83/;3/43=3B/
A;/:34358A43;C/83E6258A;h/19545B /2A8A;/436=18A;/=5/4 /
_ 6=191E50?
4 h/C/2145/HA2A;h/ABE431/6B5/59
/e5EA=3;5?
^ ^Q^ ^/ }8A/ H45=9F;~h/ 8/ ^ ^Q
^ ^/3;2D/b3B/>3058A?
MRVSoKWRMKXMKYXMQRMQXKOnMQXKtuXMXSMUXPTOJKQKMKM9
/8A/23443=A?
h/3a61:503/5A/1=234:50A/83/23BEA/83/6B5/436=1^Ah/./9
MQXMTWJRMQVOXVMQVKLMvXOKLq
7-Q7-h/43E5421]^A/Eb0195C/83E5425B3=2Ah/z1;1231/cAe3/5/
/83/3;EA423;?
6 h/7/7C/3a61:503/5/C/5E54393/
SPYRPLSTUKPQXMoRO|XLnMKQJRYSoXLMXVMXMZO$ZOSXMKQo[O|SXqMYXU{LMxKWKJM
C/9545;
6 h/EA83/;34/6;58A/9ABA/C/;3>618A/83/5421>AC/
3a61:503/5/A;/A624A;?/c5B545B/B51;/83`/95=81852A;C/A;/ /
83:3B/5>654854?
6 h/7/C/AE3\;3/5/83/B3=A;C/43H343\;3/
;3BE43/5/6B/;6b;25=21:A/A6/5/6B/E4A=AB3h/j^A/:3eA/=585/ /
3B/;65/8391;^A?
6h/7/6B/C/3a61:503/5/C/C/a63/
H5`/A6/59A=2393/2A8A/815?/_ 36//7/9c31A/83/;64E43;5;?/}527/
EDEDaEEhC/345/>45H58A/815\5\815~
6h/7/6B5/8C/3a61:503/5/?/
8/D09AA0/56B3=25/?/A83/1;;A'
 h/3a61:503/5/?/8/476/
HA1/ I/E45/;A423/8303?
 h/3a61:503/5/C/?/d45/
1BEA;;<:30/ /A;/954592343;/8A/8A96B3=2A?/6BE43/9
 /A;/:34858314A;/8A;/H50;A;/:50A43;?/8;/=3>4A;/51=85/;^A/
 ?

012345
-h/52A/83/h/./-/;Ab43/A/eA>58A4/HA1/
E34H3125?
-h/a65018583/A6/954D234/83/C/h/
zA9F/HA1/B612A/?
P /8AB19<01Ah/3a61:503/5/h/1`/5/ /8A\
B19<01A?
P/8AB19<01A/9AB/:34bA;/83/BA:1B3=2Ah/d=:1A6/5;/
9ABE45;/ ?
.;/3GE43;;3;/i3=243>5/3B/8AB19<01Ak/3/i3=243>5/5/8AB19<01Ak/
;^A/B612A/439A443=23;/3B/43;25645=23;C/=5/E4AE5>5=85/2303:1;5C/=A/
XVYQXXOnMPXMxXWQROnMPXMZKPwRYXnMPXMUKYpWXNXnMPKMxKWKqMlXPoSoRJM
e6=25;/;3B/E4Ab03B5;/B51A43;/EA4a63/;^A/3=23=8185;/85/B3;B5/
HA4B5C/9AB/6B/B3;BA/;3=218A?/jA/3=25=2AC/a65=8A/H505BA;/83/
>45BD2195/=A4B521:5C/23BA;/a63/234/961858AC/EA1;/9 
/
=^A/7/593125?/A4/a6F'/./43>45/3;25b30393/a63/3;25/021B5/0A96]^A/
58:34b150/83:3/;34/6;585/=A;/95;A;/83/:34bA;/a63/1=8195B/BA:1\
B3=2AC/9ABAh/03:54C/3=:154C/245`34C/14C/9A=86`14C/8141>14\;3?
A425=2AC/i./0Ae5/3=243>A6/B36/;AHD/5/95;5k/=^A/3;2D/9A4432A?/
"D/5/0A96]^A/58:34b1509  
/7/6;585/9AB/A;/:34bA;/;3B/
=A]^A/83/BA:1B3=2Ah/3=243>54C/854C/9A4254C/H5`34?/
./8:185/;64>3/9AB/A/:34bA/i3=243>54kh/=^A/1=8195415/BA:1\
B3=2A'/3/59A48A/9AB/5/>45BD2195/E641;25/=^AC/6B5/:3`/a63/a63B/
3=243>5C/3=243>5/50>A/3B/50>6B/06>54?
XXO[JnMvpMKVRWRLMVRMKTOJKJMVRMRLYRMoRO|XMSPQSUKMLSJMJX\
:1B3=2AC/EA1;/a63B/3=243>5/;3/83;0A95/83/6B/06>54/E545/A624A?/
A=268AC/Ab38393=8A/ ;/=A4B5;/>45B521951;C/83:3BA;/6;54/
HRPYORNKMRJMQXJSUsWSXZnMPXLMKYRPYKPQXMKXMxKYXMQRMVRMKMTPKWSQKQRM
7/a63/:503h/5/3=243>5/;34D/H3125/=A/}3BA~/8AB19<01A/83/6B5/E3;;A5?
Ph/7/5a6303/a63/h/8;//;3/H54\
2545B/85/5E43;3=25]^A?
Ph/7/5a6303/a63/3;2D/=5/8C/a63/3;E345/50>6\
B5/9A1;5h/8//5>65485:5/A/BAB3=2A/85/9c5B585?
6h/E34B5=F=915/83/E3;;A5/}23BEA/3B/50>6B/06>54~h/./9
MQRWKMKVSMxXSMNOKYSTUKPYRq
6h/E45`A/9A=93818A/E545/954>5/3/83;954>5/83/=5:1A;/A6/
:3<960A;h/.//8A/9544A/HA1/E4A0A=>585/EA4/B51;/50>6B5;/;3\
B5=5;?
x]h/58e321:A/8341:58A/83/I/a63/b410c5/=A/3;\
964Ah/d;23/B5234150/7/]]?
xh/58e321:A/8341:58A/83/C/303B3=2A/a6<B19AC/
43H343\;3/5/6B/83234B1=58A/21EA/83/06B1=A;18583h/./06`/b45=95/8A/
9544A/345/ ?
:3\/8A/:34bA/c5:34/\/7/E4391;A/a63/=^A/c5e5/83;9618A?/
/\/8A/:34bA/5>14/\/.e5/9AB/961858AC/5401=cA;?/
:h/E4327412A/E34H312A/8A/:34bA/c5:34C/q/E3;;A5/8A/;1=>6054/
)h/E43;3=23/8A/1=819521:A/8A/:34bA/A6:14C/q/E3;;A5/8A/
;1=>6054/
h7/;1==1BA/83/h/F1=F;C/B36/3;21B58A/96=c5\
8AC/
)/;A`1=cA/5/25BE5/8A/EA]A?
h/7h/!6<;/3/13>A/
) 9/938A/3C/
8141>145B\;3/5A/534AEA42A?
1


h/7C/3a61:503/5/C/7/AEA;2A/83/
b3Bh/A4B1/
?/}b3B~?/da61:503/5/C/
I/EA83/:14/5=2393818A/83/5421>AC/58e321:A/A6/E4A=AB3h/./9AB185/
H3`/
/E545/B1B?/@36/
/7/9434/3B/268A?//;6bA481=521\
:5/23BEA450C/3a61:503/5/h/
/9c3>A6/9AB3]A6/
5/9cA454/83;3;E34585B3=23?
 h/C/3a61:503/5/C/AEA;2A/83/bABI/E06450B56;I/
H3B1=1=ABD?/zA9F/7/6B/ /3G3BE0A/}bAB~?/h/8;/
/=6=95/:3=93B?
 h//58:34;521:5/}18315/9A=24D415~C/3a61:503/5/
7h/y303HA=31\0c3/ /305/=^A/523=836?
 h//A6/7C/AE3\;3/5/B3=A;h/
D/ MwXORLMZROxVJKQKLMPXMUKJZXq
 h/3a61:503/5/C/I/5/E505\
:45/6B/3GE43;;5/a65=218583h/ MTWvXMQRM0RVLMKZKORURVMZKOKM
5e68D\05?
 h//:541D:30/3B/>F=34A/3/=B34AI/
:3B/5=23;/83/6B/;6b;25=21:AC/7/AEA;2A/83/50>6Bh/ /eA4=50/
81:60>A6/A/43;60258A/8A/9A=964;A?
+lh/.;/B60c343;/83:3B/81`34h/B612A/Ab41>585C/36/
B3;B5C/36/E4fE415?/
+lh/8;/cAB3=;/83:3B/81`34h/B612A/Ab41>58AC/36/B3;\
BAC/36/E4fE41A?/
 h/1=8195/A/I/43H343\;3/5/:34bA;/
a63/3GE41B 3B /3;258AC/E34B 5=F=915h/ MTUKMKMxKOJ pUSKMJ KSLM
E4fG1B 5'
h/1=8195/I/3a61:503/;A\
B3=23/9AB/:34bA/83/BA:1B3=2A/83;83/a63/1=81a63/83;0A95B3=2AC/
A6/;3e5C/?//:^A/9AB/25=25/E43;;5'
iA83/;3>614/5/265/3;24585
A/236/b41=a638A/83/3;254
H5=25;15=8A/6B/;3>438A
A/EA=2A/5A=83/a634/9c3>54???k/

h/3a61:503/5/h//
9c3>5/83/245b50c54?
h/0A96]^A/3a61:503/5/h/zA9F/
83:3/9Ab454/?
h/3;943:3/;3/;3E5458AI/a65=8A/A9A443h//
EA4a63/\/7/}/:A9F/B3=216'~I/
/EA4a63///E30A5/a650C/E30A;5;/a651;/}./
918583//E5;;5BA;/7/;1BED2195/3/59A0c38A45?~/}E305/a650~I/
/EA4a63//I/1=1915/
A45]^A/;6bA481=585/;6b;25=21:5/}j^A/;31//2AB545B/3;25/83\
91;^A?/}EA4/a63/BA21:AC/45`^A~
MTPKWMQRMxOKLRnMKPYRLMQRMVJMZXPYXMTPKWnMQRMSPYROOXNK\
]^AC/83/3G905B5]^AC/43219F=915;I/A/BA=A;;<05bA/a63/E5;;5/5/;34/2\
=19A/}HA423~C/83:3=8AC/EA1;C/;34/593=2658Ah/8/;cA/HA1/95=93058A/
B5;/=1=>67B/;5b3/qMTPKWMQRMxOKLRM'/}1;A058A~

012345
h/h/3a61:503/5h/
h/j^A/H61/5A/3=9A=24A/9
/3;25:5/595B58AI/8h/3a61:503/
5h/h/i_ 5;/5/B1=c5/241;23`5/7/
;A;;3>A//7/=526450/3/e6;25?kI//
}:34bA/=A/;6be6=21:AC/3a61:503/5/E545/a63~h/i_ 5;/=^A/e60>63BA;C/
/=^A/:3=c5BA;/5/;34/e60>58A;?k
h/H6=91A=5/9ABA/I/:3B/;3BE43/59ABE5=c5\
8A/83/6B/5421>A/A6/83234B1=5=23h/j^A/HA1/HD910/3=9A=2454//
85a6303/9A443\9A443?
h/3a61:503/5/h/j^A/H5`15/9A1;5/
=3=c6B5//94121954?
h/3a61:503/5/C/3B/A45]3;/58:34b151;/
9A=8191A=51;h//cA6:34/cAB3=;/cA=3;2A;C/A/E5<;/=^A/;514D/83;\
25/;1265]^A/94<2195?
. h/58:74b1AC/3a61:503/5/7h/j^A/9ABE543\
936C/ MKZORLRPYXVMVKWVROMJVLYSTUKYSoKq
.-h/58:74b1A/83/1=23=;18583h/d=9A=245BA\=A;/9
/3;25/;3B5=5?

qM0{MKMZKWKoOKMQROSoKQKMKUORLURPYKPQXMXLMLVTXLM3IMXVM
d.h/A426>50I/9342AI/01BEAI/bA=12AI/EAb43I/B5>4AI/b30AI/>3=210I/
864AI/01=8AI/c1=5I/H41AI/86a63I/H459AI/b45:AI/>45=83?/
Eg?/A4B3/;6b;25=21:A;/8A;/58e321:A;h/cA=458AI/4DE18AI/3;95;\
;AI/2<B18AI/3;2E18AI/ED018AI/D918AI/;648AI/0918AI/E3a63=A?
En?//;3/A//a65=8A/HA4/=393;;D41Ah/50691=54I/8C/6B1083C/
3;1254C/Ae3C/c6B5=AC/A45C/A=45C/5:34C/A=23BC/FG12AC/0
C/54E5C/14=1\
9AC/A44<:30C/D418AC/C/5b1254?
o?/ABE0323/5;/0596=5;/9AB/5;/;3>61=23;/HA4B5;/:34b51;h/A6\
:3/3/86:3?
5~/8/B3=1=A/?????B6125;/439AB3=85]3;/83/;36/E51?/
b~/????????B6125/9A=H6;^A/=5/95b3]5/8A/E3a63=A?/
9~/./9415=]5/=^A?????????5/E4AH3;;A45/EA4a63/=^A/5/9ABE433=83?/
8~/j5/3;9A05????????H3;25/8A/15/8A/=81A?/
h?/./03245/!/43E43;3=25/:D41A;/;A=;?/!315/523=25B3=23/5;/E505\
:45;/A450B3=23h/24A6G3BA;C/3G349<91A;C/2DG1C/3G39625431C/3G1b14\;3C/
AG1>F=1AC/3G34934C/E4AG1B18583C/2fG19AC/3G23=;^AC/3G1;214C/3GE341F=\
915C/FG12AC/;3GAC/56G<01AC/3G5B3?/@3E543/5;/E505:45;/3B/24F;/;3]3;C/
9A=HA4B3/A/;AB/8A/!?/
\/@AB/83/I/
\/@AB/83/@I/
\/@AB/83/@?

/A6///1=8195B/06>54C/;^A/58:74b1A;/
.,/\/8A/:34bA/245`34
1
h/:A06BA;Ah/1`3BA;/6B/245b50cA/)
/5a61?
1
h/525958A/83/9A=>3;2^A/=A/4A;2Ah/@65/H593/3;2D/)
9
/3/83HA4B585?
RSTU
yqM5|LROoRMKMXOYXNOKTKMUXOORYKMQKLMZKWKoOKLMQSLRPYROSKMZOX\
NOKJKMJXOYKQRWKMJRPQSNXM|RPRTURPYRMUKQROPRYKMZOX|WRJKq
dBE43>63/5;/E505:45;/591B5/=5;/H45;3;h/
5~/8??????23:3?????EA4a63/9AB36??????3;245>585?/
|M5MLVZROZKSMZOXYRNRVMQRJKSLMLRVMTWvXMRMRLYRMWvRMYOXVRM
6B?????????h/;65???????3;9A054/1=819A6/E7;;1BA/5E4A:3125B3=2A?/
9~/./H3;25??????23:3/6B/bAB???????3C/EA4/1;;AC/6B/bAB/5E4A:31\
25B3=2A?/
Ea?/5;;3/5;/E505:45;/E545/A/81B1=621:Ah/
\/5;5I/e5EA=F;I/E51I/cAB3BI/5836;I/EA426>6F;I/;fI/5=30I/
\/b303`5I/4A;5I/E5<;I/5:I/544A`I/E41=93;5I/95H7I/
MwXOM5LUKOMORSM|XJMUKLKMWpZSLMZ[qM
Eq?/5;;3/E545/A/E06450/81B1=621:Ah/243BI/E7I/5=1B50I/;fI/E5\
E30I/eA4=50I/B^AI/b50^AI/562ABf:30I/E51I/9^AI/B34958A415I/H54A0I/
OVKMUvKZ[VMwXOqM
Ef?/433=9c5/5;/0596=5;/9AB/5;/;3>61=23;/E505:45;h/;3]^AC/;3;\
;^AC/93;;^AC/9ABE41B3=2AC/96BE41B3=2AC/9A=;342AC/9A=9342A/
5~/8/E3a63=A/eA4=50314A/HA1/ ?????????8A/eA4=50?/
b~/j5??????????B6;1950/A;/E3a63=A;/95=2A43;/5E43;3=2545B\;3/
B612A/b3B?/
9~/8????????8A/eA4=50314A/7/5BD:30?/
8~/8?????/85;/4A6E5;/7/H312A/E305/B^3/8A/>54A2A?/
3~/8??????8A/;5E52A/96;2A6/B612A/954A?/
H~/d6??????B36/5B1>A/9AB/5B5b1018583?/
>~/.???????83/91=3B5/HA1/6B/;693;;A?/
c~/8/:3;218A/23B/6B?????????bAB?/
1~/8;/E3a63=A;/:1A01=1;25;/E542191E545B/83/6B????????/?/
K

DE?/ABE0323/9AB/!/A6/h/3=?????34I//831?????54I/??????314AI/
wRqqqqqqKMRSqqqqqXMxOXVqqqqqXMJKqqqqqVUKOMqqqqqXUXWKYRMRPqqqqqKQKMRPqqqqq
34>54I/951??????5I/?????190323I/H51??????5I/?????6??????6I/;50;1??????5I/b51???????5I/
95E41??????AI/B3??????34195I/415???????AI/??????1=>54I/???????503145I/5B31??????5I/
??????314A;A;I/5b595?????1?
DD?/ABE0323/9AB/_ .!/A6/_ ./h/
5~/1;;345B/a63/540A25/E5;;A6??????A=23B?/
|M3WRMTUXVMQRqqqqqqvVJXOMKZ$LMYROMKNSQXMQKVRWKMxXOJKqM
9~/8/21B3/;3/9A=;18345??????E43E5458A/E545/250/eA>A?/
8~/540A25/;AH415/83/6B??????????964D:30?/
3~/8???????7/;3/234/5H31]A58A/ ;/9A1;5;/B5234151;?/
H~/d03/=^A/7/6B????????;6e312A?/
>~/_ 5;/A???????=^A/864A6/B612A/23BEA?/
Da?/ABE0323/5;/H45;3;/9AB/EA4a63/A6/EA4/a63/9A44325B3=23h/
5~/???????/:A9F/3;2D/9c523585'/
|MlVSQKOMQXMKPSJKWM[MJKSLMSJZXOYKPYRqqqqqqqqRWRMTUKMWSJZSPvXqM
9~/??????????/:A9F/=^A/01BEA6/A/25E323'/
8~/A=9A48A/9AB/E5E51?????????????303/23B/45`^A?/
3~/??????????E4391;5BA;/961854/8A;/5=1B51;/83/3;21B5]^A?///
Dq?/433=9c5/5;/0596=5;/9ABh/B5;//EA47BI/B51;//1=8195/
a65=218583I/BD;//H3B1=1=A/83/B56?
KMMJuRMRMXMTWvXMQSLUVYSOKJnqqqqqqqPuXMUvRNKOKJMKMVJMKUXOQXqM
b~/zA9F/a634???????45`3;/E545/594381254/3B/;36/E51'/
UMXRLLXKLqqqqqqqqqQRoROSKJMxKmROMORwRbRLMZKOKMKUORQSYKOqqqqqqMPKM
bA=8583/8A/a63/=A/f81A?/
8~/d6/01BEAC?????????83EA1;/:A6/b41=954?/
3~/8/H41A/=^A/E43e68195/?????????A/y19A?/
H~/(=H301`B3=23/y19A/BA4436C/????????9ABE45431/A624A/9^A`1=cA?/
>~/yA85;/5;/5212683;/??????83:3B/;34/E348A585;C???????e5B51;/;34/
43E32185;C/EA1;C/a65=2A????????????;3/:1:3C?????????;3/5E43=83?

012345
Df?/433=9c5/5;/0596=5;/9ABh/24D;C/524D;/3/245`?
5~/???????????/83/95;5/c5:15/6B/E1=c314A?/
b~/./EA061]^A???????9A=;1>A/>45:3;/9A=;3a6F=915;?/
9~/.B5443\A/EA4?????????/85/D4:A43?/
8~/j^A/:A6???????/83/9AB3=2D41A;/bAbA;??/
DV?/433=9c5/5;/0596=5;/9ABh/"/\/1=8195/23BEA/E5;;58AI/./\/
23BEA/H6264A/3/3;E5]A?
KMMWXJKMTUKMqqqqqqqMZXVUXMVSWOJRYOXLMQKVSqM
b~/?????????1=;25=23;/01/;Ab43/A/j5250?/
9~/d03;/=^A/:^A/ /0Ae5/EA4a63/????????/B51;/83/8A1;/815;/5/B34\
958A415/595bA6?/
8~/?????????24F;/815;/a63/2A8A;/;3/E43E545B/E545/5/H3;25/8A/j5250?/
3~/d;;3/H52A/59A=23936/???????/B612A/23BEA?/
H~/8;/506=A;/85/3;9A05/845B521`54^A/5/c1;2f415/8A/j5250/85a61/
??????A12A/815;?/
>~/d03/3;25:5?????????/24F;/E5;;A;/85/95;5/83/.=847?/
c~/????????/8A1;/a65423143;/3G1;23/6B5/b305/D4:A43/83/j5250?/
Dg?/.23=]^A/E545/5;/E505:45;h/EA4/91B5I/83:5>54I/83E43;;5I/83/
43E3=23I/EA4/1;;A?/.>A45C/3BE43>63\5;/=5;/H45;3;h
5~/?????????/6B5/bA05/521=>16/A/93=D41A/3/A/83446bA6?/
b~/23B???????????A/EA:A/9AB3]A6/5/;3/4321454?/
UM5MORSMQRLUX|OSVMKMoROQKQRnqqqqqqqqqqTUXVMSOOSYKQXqM
8~/5]5/;65/2543H5????????????C/E545/EA834BA;/14/5A/83=21;25?/
3~/?????????/83/;65/:3;21B3=25/4350C/A/431/6;5:5/6B/B5=2A?/
Dn?/A4B3/=A:5;/E505:45;/6;5=8A/(@.*/A6/(.*h/5=D01;3I/
E3;a61;5I/5=54a615I/95=50I/91:101`5]^AI/9A0=15I/c6B5=AI/;65:3I/
ORoSLuXMORKWMPKUSXPKWMTPKWMXTUSKWMJXPXZ$WSXMLSPYXPSKMURPYOKWM
E54501;15I/5:1;A?/
Do?/5e5/A6/5e5?//;3/c5e5/A6/5e5/E545/9ABE03254/5;/A45]3;h/
5~/????????/9AB/523=]^A/E545/a63/=^A/????????/B612A;/344A;?/
b~/y50:3`/?????????/>43:3I/7/E4391;A/a63???????????/961858A/3/523=]^A?/
9~/3;3e5BA;/a63/????????/H45234=18583/=3;;5/3;9A05?/
QMqqqqqqMUXJMQXUSWSQKQRnMJRVMTWvX

aD?//;A/8A/@/3/?/ABE0323/5;/E505:45;/9AB/@/A6/?/./;3\
>614C/9AE13/5;/E505:45;/=5/HA4B5/9A44325h/EA6????5=8AI/E43????3=]5I/
5423?????5=52AI/3;945:1?????54I/=52643?????5I/:5?????AI/E43?????183=23I/H5?????
34I/245?????10I/91:101????5]^AI/E43????3=23I/5245????58A;I/E4A86??????143BI/
5????5I/cA41???A=23I/2A44^A????1=cAI/H45????3I/1=246/????AI/83????3e5BA;I/
EA????121:5I/EA834A????AI/83???3=:A0:18AI/;64E43/????5I/:5?????1AI/95????AI/
9A0A=1???5]^A?
aa?/ABE0323/9AB/!/A6/@/3/9AE13/5;/E505:45;/9AB/523=]^Ah/
3????245=>314AI/3????23=;^AI/3????245=cAI/3????23=834I/3????23=;AI/3????EA=\
2=3AI/B1???2AI/23????23I/3????>A254I/3????2341A4I/3????93]^AI/3???E0F=818AI/
23????2AI/3????E60;54I/3????906;1:A?
aq?/y^A/A69A//y5BEA69A/
ABE0323/5;/H45;3;/9A44325B3=23h/
5~/d6/21:3/????????AEA426=18583;/
b~/y3=cA??????????/506=A;C/a63/95b3B/2A8A;/=5a6305/;501=c5?/
9~/d03/=^A/:31AI???????:14^A/;36;/5B1>A;?/
8~/d6/23=cA/?????????23BEA/E545/3;26854?/
3~/j6=95/21:3/>A;2A/E545/85=]54I??????E545/2A954/E15=A?/
H~/.;/E3;;A5;/a63/=^A/5B5BC????????;^A/H301`3;?/
>~/.;/E3;;A5;/2FB?????5212683;/83/5B1`583?/
c~/8/>A:34=A/85a6303/E5<;/=^A/43;A0:3/;36;/E4Ab03B5;C???????/;3/
E43A96E5/3B/43;A0:F\0A;?//
#u
ED?/5~/B3=81>A/81;3=23415/BA4258305/b~/E4Ab03B5/95834=325/9~/
|RPRTURPYRMZOXNOKJKM
Ea?/
\/5;1=c5I/e5EA=3;1=cAI/E51`1=cAI/cAB3=`1=cAI/5836;1=cAI/EA4\
26>63;1=cAI/;A`1=cAI/5=30`1=cAI/
\/b303`1=c5I/4A;1=c5I/E51;1=cAI/5:A`1=cAI/544A`1=cAI/E41=93;1\
=c5I/95H3`1=cAI/
MwXOmSPvKM5LUKOmSPvXMORSmSPvXM|XPmSPvXMUKLSPvKMWKZSLS\
=cAI/E3`1=cA?
Eq?/243=`1=cA;I/E3`1=cA;I/5=1B51`1=cA;I/;A`1=cA;I/E5E31`1\
=cA;I/eA4=51`1=cA;I/B^A`1=c5;I/b503`1=cA;I/562ABA:31`1=cA;I/
E51`1=cA;I/9^3`1=cA;I/B34958A415`1=c5;I/H54A1`1=cA;I/465`1=c5;I/
UvKZRVmSPvXLMwXORmSPvKLq

y#qMMZKWKoOKM[ 35IMPuXMQRoRMLROMJXQSTUKQKMZKOKMXMxRJSPS\
=A?/ABE0323/5;/H45;3;/9AB/5/E505:45/_ dj8@h/
5~/A=c3]A/2A8A;/A;/d;258A;/b45;10314A;C?????5/25c15?/
b~/yA8A;/345B/950BA;C?????????B5B^3?/
9~/g634A/03:54?????????;5=86<9c3;/8A/a63/=5/;3B5=5/E5;;585?/
8~/_ 5B^3/H5`15/8A93;/3/;50>58A;????????2A425;/>45=83;?/

Ef?/5~/;3]^A/b~/;3;;^A/9~/96BE41B3=2A/8~/9A=;342A/3~/9A=;342A/
H~/96BE41B3=2A/>~/;3;;^A/c~/9ABE41B3=2A/1~/9A=9342A?/

aE?//;3/C/C/3/h/
5~/??????????=1=>67B/41/5>A45'/
b~/d1;????????/=1=>67B/41?/
9~/d1;/A;/E41=9<E1A;/????????????062A?/
8~/d05/=^A/5E43=836C/???????????'/
3~/.E4AG1B31\B3/?????????2A8A;/a63415B/B3/A6:14?/
H~/zA9F/3;2D/5;;6;258AC/??????????'/
>~/d1;/A/BA21:A????????34431?/
c~/431A/a63/:A6/B30cA454???????3;26831/B612A?/
1~/8???????/7/81H<910/83/;34/3;26858A?/
e~/????????/A;/<=81A;/3;2^A/43:A0258A;'/
&~/8/95B1=cA/????????:13BA;/345/2A426A;A?/

EV?/EA426>63;5I/93423`5I/01BE3`5I/bA=123`5I/EAb43`5I/B5>43`5I/
b303`5I/>3=2103`5I/8643`5I/01=83`5I/c1=3;5I/H413`5I/86a63;5I/H45\
a63`5I/b45:3`5I/>45=83`5?
Eg?/cA=4583`I/45E183`I/3;95;;3`I/21B183`I/3;26E183`I/E50183`I/
59183`I/;6483`I/069183`I/E3a63=3`?
En?/50691=54C/A=23BC/c70193C/FG12AC/c6B1083C/cDb10C/c3;1254C/c54\
E5C/cAe3C/14=19AC/c6B5=AC/cA44<:30C/cA45C/D418AC/cA=45C/cf;E383C/
c5:34C/c5b1254?/
Eo?/5~/A6:3/b~/A6:3/9~/A6:3/8~/cA6:3/
c

012345
Eh?
@AB/83/h/3G349<91A;C/3G39625431C/3G1b14\;3C/3G34934C/3G1;214C/
FG12A/3/3G5B3?
@AB/83/@h/2DG1C/AG1>F=1AC/2fG19A/3/;3GA?
@AB/83/@h/24A6G3BA;C/E4AG1B18583C/3G23=;^AC/3GE341F=915/3/
56G<01A?
yqMRPUvROnMQRSKOnMUvRSOXnMwRUvKnMRSXnMxOXVXnMJKUvVUKOnMUvX\
9A0523C/3=G585C/3=G34>54C/951G5C/9c190323C/H51G5C/9c69c6C/;50;19c5C/
b51G5C/95E419cAC/B3G34195C/4159cAC/G1=>54C/9c503145C/5B31G5C/9c31\
4A;A;C/5b595G1?
DD?/5~/B50/b~/B56/9~/B50/8~/B50/3~/B56/H~/B56/>~/B50
Da?/5~/A4/a63/b~/EA4a63/9~/A4/a63/8~/EA4a63/3~/A4a63/
Dq?/5~/B5;/b~/B51;/9~/BD;/B51;/8~/B5;/3~/B51;/H~/B5;/>~/BD;/
B5;/B51;/B51;/
Df?/5~/.24D;/b~/245`/9~/24D;/8~/524D;/
DV?/5~/5/b~/D/9~/cD/8~/D/3~/cD/H~/5/>~/5/c~/./
Dg?/5~/3/43E3=23/b~/83:5>54/9~/EA4/1;;A/8~/83E43;;5/3~/A4/
91B5/
Dn?/5=501;54I/E3;a61;54I/5=54a61`54I/95=501`54I/91:101`54I/9A0A=1\
mKOMvVJKPSmKOMLVKoSmKOMORoSLKOMORKWSmKOMPKUSXPKWSmKOMTPKWSmKOM
XTUSKWSmKOMJXPXZXWSmKOMLSPYXPSmKOMURPYOKWSmKOMZKOKWSLKOMKoSLKOq
Do?/5~/.e5/c5e5/b~/c5e5/c5e5/9~/c5e5/8~/.e5/
Dh?/5~/B3=A;/b~/B3=A;/9~/B3=A;/8~/B3=A;/
aE?/5~/A4/a63/b~/EA4a6F/9~/EA4/a63/8~/EA4/a6F/3~/EA4a63/H~/EA4/
a6F/>~/EA4/a63/c~/EA4a63/1~/EA4a6F/e~/A4/a63/&~/EA4/a63/
aD?/A6;5=8AI/43;3=]5I/.423;5=52AI/d;945:1`54I/j52643`5I/
z5;AI/43;183=23I/5`34I/245;10I/1:101`5]^AI/43;3=23I/.245;58A;I/
4A86`143BI/.;5I/A41`A=23I/yA44^A`1=cAI/45;3I/(=246;AI/3;3e5\
BA;I/A;121:5I/A834A;AI/3;3=:A0:18AI/@64E43;5I/z5`1AI/5;AI/
A0A=1`5]^A?
aa?/3;245=>314AI/3G23=;^AI/3;245=cAI/3;23=834I/3G23=;AI/d;EA=\
2=3AI/_ 1;2AI/y3;23I/d;>A254I/dG2341A4I/dG93]^AI/d;E0F=818AI/y3G\
2AI/dGE60;54I/dG906;1:A?
aq?/5~/2^A/EA695;/b~/2^A/EA69A;/9~/25BEA69A/8~/2^A/EA69A/3~/
25BEA69A/H~/25BEA69A/>~/2^A/EA695;/c~/25BEA69A

j6B/:A9Db60A/83/865;/A6/B51;/;<05b5;C/cDC/3B/>3450C/6B5/a63/
;3/83;2595/EA4/;34/E4AH34185/9AB/B51;/1=23=;18583/a63/5;/A6245;h/7/5/
UT?/j305/43951/A/C/25Bb7B/9c5B58A/593=2A/
83/1=23=;18583/A6/E4A;f819A?/dG3BE0A;h/95C/e505C/ 819AC/3;\
&B5>AC/9A0391A=5?
8/593=2A/2=19A/7/6B/H52A/HA=7219A/3/=^A/83:3/;34/9A=H6=818A/
UXJMXMKURPYXMNOpTUXMKNVQXMXVMUSOUVPwRXMVRMNLMoRmRLMXMKLLS\
PKWKqMMLsWK|KMYOPSUKMPRJMLRJZORM[MKURPYVKQKMNOKTUKJRPYRqM3RJ\
E0Ah/8AC/ 43;C/023C/E3C/;3C/95C/25C/;1C/5b595?
.;/;<05b5;/a63/=^A/;^A/2=195;/9c5B5B\;3//}H4595;~C/3/
EA83B/;34/E432=195;/A6/EA;2=195;C/9A=HA4B3/3;23e5B/5=23;/A6/83\
EA1;/85/;<05b5/2=195?/dG3BE0Ah/ 25C/]B3=C/`1?
3/59A48A/9AB/5/EA;1]^A/85/;<05b5/2=195C/A;/:A9Db60A;/9AB/
JKSLMQRMVJKMLsWK|KMUWKLLSTUKJLRMRJ
8'/a65=8A/5/;<05b5/2=195/7/5/021B5h/95C/45,C/3;\
941C/B54596?
(8'a65=8A/5/;<05b5/2=195/7/5/E3=021B5h/ ;5C/
9
E1;C/BA==c5C/1B3=;183?
(8'a65=8A/5/;<05b5/2=195/7/5/5=23E3=021B5h/9
:A43C/a61
&B324AC/ G19A?
) '/;^A/E505:45;/83/6B5/;f/;<05b5C/9A=HA4B3/5/1=\
23=;18583/9AB/a63/;3/E4AH343BC/EA83B/;34/2=19A;/A6/D2A=A;?
) '/;^A/A;/a63/2FB/562A=AB15/HA=72195C/;3=\
8A/E4AH3418A;/HA423B3=23/=5/H45;3/3B/a63/5E54393Bh/7C/BDC/;1C/8fC/
=fC/36C/26C/=f;C/47C/E4C/329?
) ';^A/A;/a63/=^A/2FB/562A=AB15/HA=72195C/
;3=8A/E4AH3418A;/H4595B3=23C/9ABA/;3/HA;;3B/;<05b5;/D2A=5;/8A/
:A9Db60A/5/a63/;3/5EA15B?/@^A/E505:45;/:5`15;/83/;3=218A/9ABA/
5421>A;C/E4A=AB3;/Ab0<a6A;C/303B3=2A;/83/01>5]^AC/E43EA;1]3;C/
9A=e6=]3;h/AC/5C/A;C/5;C/6BC/6=;C/B3C/23C/;3C/0c3C/=A;C/83C/3BC/3C/a63?
jUjUSTU
yA8A;/A;/:A9Db60A;/E4AE54AG<2A=A;/;^A/593=2658A;/=5/:A>50/
2=195h
\/AB/593=2A/5>68A/;3/5/:A>50/2=195/HA4/C//A6/C/C//5b34\
2A;h/G<9545C/B18AC/a634<5BA;C/0D>41B5C/274B1=AC/87;;3BA;C/0f>19AC/
b1=f960AC/9A0A9D;;3BA;C/1=B34A;C/EA0<>A=AC/329?
MlXJMKURPYXMUSOUVPwRXMLRMKMoXNKWMYOPSUKMxXOMxRUvKQKMXVMPK\
;50h/0BE585C/EF;;3>AC/3;E0F=818AC/EF=860AC/0F;;3BA;C/3;2B5>AC/
;H43>AC/H;;3BA;C/a610B324AC/;A=Bb60A/329?
jUjUSTU

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

.93=265B\;3/9AB/593=2A/583a658A/A;/:A9Db60A;/E54AG<2A=A;/
234B1=58A;/3Bh

Z$LMopOSKLMYRPYKYSoKLMQRMLRMVPSTUKOMKMXOYXNOKTKMQKMGsPNVKM
A426>63;5C/5/E54214/83/Dp/83/"5=314A/83/aEEh/E5;;A6/5/:1>A454/=A/
245;10/3/3B/2A8A;/A;/E5<;3;/85/!/}AB6=18583/83/E5<;3;/83/
!<=>65/A426>63;5~/A/E34<A8A/83/245=;1]^A/E545/5;/=A:5;/43>45;/
XOYXNOpTUKLMVRMLRMTPKWSmKMRJMdyMQRMQRmRJ|OXMQRMLymq
RUU UUj

r

\/812A=>A/943;93=23C/;3>618AC/A6/=^AC/83/;h/;Db1AC/4f;3AC/E05=<\
913C/=f865C/_ D491AC/47>65C/D4865C/3;EA=2=3AC/329?
\/1C/1;C/6;C/6BC/6=;h/2DG1C/0DE1;C/b=6;C/D0b6BC/D0b6=;C/efa631C/
:031C/HD931;C/329?
\/0C/=C/4C/GC/A=;C/E;h/HD910C/c<H3=C/8f054C/0D23GC/30724A=;C/Hf493E;C/329?
\/^C/^;C/^AC/^A;C/>65BC/>63Bh/<B^C/<B^;C/f4>^AC/bF=]^A;C/3=GD\
>65BC/3=GD>63BC/329?

012345
j^A/;3/593=265/6B/E54AG<2A=A/;f/EA4a63/;65/:A>50/2=195/7/
K|ROYKMXVMxRUvKQKqM0RLUK|SQXMLROSKMXMKURPYXMNOpTUXnMZXOMRRJZWXnM
3B/938AC/3;23C/3;E30cAC/5E5430cAC/9305C/e5=305C/;A9A44AC/E3;;A5C/8A\
ORLnMwXORLnMLXWXnMRLxXOtXLq
jUjUSTU
.93=265B\;3/9AB/593=2A/583a658A/A;/:A9Db60A;/AG<2A=A;/
234B1=58A;/3Bh
\/5C/3C/AC/;3>618A;/A6/=^A/83/;h/G54DC/;34D;C/E5e7C/H43>6F;C/:A:C/
Ko$LnMRYUqMIRNVRJMRLYKMORNOKMXLMSPTPSYSoXLMLRNVSQXLMQRMZOXPXJRM
9A42D\0A;C/:3=8F\0A;C/9ABE\0AC/329?
\/3BC/3=;h/=1=>67BC/54B5`7=;C/303/9A=27BC/26/9A=27=;C/303/9A=\
:7BC/303/B5=27BC/303;/B5=2FBC/303/1=234:7BC/303;/1=234:FBC/329?
jU* UUTU
.93=265B\;3/A;/BA=A;;<05bA;/2=19A;h/5C/3C/AC/;3>618A;/A6/
=^A/83/;h/cDC/EDC/E7C/BF;C/=fC/E;C/329?
jUiU
.93=265B\;3/5/:A>50/8A;/812A=>A;/5b342A;/71C/76C/f1C/a65=8A/
2=19A;?
@3>6=8A/5;/=A:5;/43>45;/A;/812A=>A;/5b342A;/i71k/3/if1k/=^A/
;^A/B51;/593=2658A;/3B/uvuh/5;;3Bb0715C/E05\
2715C/18715C/9A0B715C/bA0715C/A4715C/bf15C/E545=f15C/e1bf15C/5Ef1AC/
c34f19AC/E545=f19AC/329?/195=8Ah/.;;3Bb0315C/E052315C/18315C/9A0\
B315C/bA0315C/A4315C/bA15C/E545=A15C/e1bA15C/5EA1AC/c34A19AC/E545\
=A19AC/329?
jA;/812A=>A;/5b342A;/83/uv/234B1=585;/3B/
71C/76/3/f1/3/t/A/593=2A/9A=21=65h/c34f1C/9A=;24f1C/8f1C/
5=71;C/E5E71;C/24AH76C/976C/9c5E76?
jU+U
MOKmuXMQXMKURPYXMNOpTUXM[MSPQSUKOMvSKYXnMSJZRQSOMKMQSYXPNK\
tuXqMlXJZKORMUKsMRMUKSnMQXsQXMRMQXSQXnMwVsQXMRMwVSQXq
\/.93=265B\;3/3B/43>45C/A/1/3/A/6/2=19A;/3B/c152A/9AB/:A\
>50/A6/812A=>A/5=2341A4C/HA4B5=8A/;<05b5;/;A`1=cA;/A6/9AB/;h/;5<85/
};5\<\85~C/;583/};5\\83~C/H5<;95C/95<45C/;5<45C/3>A<;25C/c34A<=5C/95<C/
!6<C/!6<;C/6<;a63C/b505;243C/e6<`AC/E5<;C/95H3<=5C/b5C/b5;C/F45\
JK,nMLKsJXLnMRWRYOXsJunMOR,PRnMUXPLYOVsKnMZOXs|RJnMSPwVsnMQRLYOVsWXnM
1=;246<\05C/329?
\/j^A/;3/593=265/A/1/3/A/6/;3>618A;/83/=ch/451=c5C/H61=c5C/
BA1=cAC/05>A1=c5C/329I/3/a65=8A/HA4B5B/;<05b5/9AB/03245/a63/=^A/
;3e5/;h/9514/}95\14~C/;514BA;C/;51=8AC/e61`C/51=85C/8164=AC/*560C/461BC/
9561BC/5B3=8A1BC/;516C/9A=241b616C/1=;24616C/329?
@3>6=8A/5;/=A:5;/43>45;/85/!<=>65/A426>63;5/=^A/;3/593=\
265/B51;/A/1/3/6/2=19A;/HA4B5=8A/c152A/a65=8A/:1343B/83EA1;/
83/812A=>Ah/b5195C/bA1=5C/H3145C/H31B3C/bA951:5C/329?/19545Bh/
b51695C/bA16=5C/H31645C/H316B3C/bA9516:5C/329?
8;/c152A;/iAk/3/iF3k/=^A/;^A/B51;/593=2658A;h/3=eAC/:AC/
E348AC/5b3=]AC/EA:AC/94F3BC/8F3BC/0F3BC/:F3BC/430F3B?/1\
9545Bh/3=eAAC/:AAC/E348AAC/5b3=]AAC/EA:AAC/9433BC/833BC/033BC/
:33BC/43033B?
}

i
dBE43>5\;3/A/593=2A/81H343=9150/9ABA/;1=50/81;21=21:A/83/:A\
9Db60A;/cABf>45HA;C/=A;/;3>61=23;/95;A;h
\/E4}:34bA~/\/E545/81H343=9154/83/EA4}E43EA;1]^A~?
\/:34bA/EA834/}E83C/a65=8A/6;58A/=A/E5;;58A~
M[MxKUVWYKYSoXMXMVLXMQXMKURPYXMUSOUVPwRXMZKOKMQSxRORPUSKOMKLM
E505:45;/HA4B5H4B5?/dB/50>6=;/95;A;C/A/6;A/8A/593=2A/831G5/5/
H45;3/B51;/90545?/dG3BE0Ah/g650/7/5/HA4B5/85/H4B5/8A/bA0A'
@3>6=8A/5;/=A:5;/43>45;/85/!<=>65/A426>63;5/=^A/3G1;23/
JKSLMXMKURPYXMQSxRORPUSKWMRJMZKWKoOKLMvXJOPSJKLMNOKTKMSNVKWnM
;AB/3/;3=218A/81H343=23;~/9ABAh/
\/95};~/}8A/:34bA/9A54~/\/E545/81H343=9154/83/9A5C/9A5;/}9AB/
/5C/9AB//5;~I
\/ED45/}q/E3;;A5/8A/;1=>6054/8A/E43;3=23/8A/1=819521:A/8A/:34\
bA/E5454~/\/E545/81H343=9154/83/E545/}E43EA;1]^A~I/
\/E705/}8A/:34bA/E3054~/3/3B/E705/}eA>A~/\/E545/81H343=9154/83/
E305/}9ABb1=5]^A/85/5=21>5/E43EA;1]^A/E34/9AB/A;/5421>A;/A6/E4A\
=AB3;/5C/5;~I
\/EF0A/};6b;25=21:A~/3/E70A/}:?/E3054~/\/E545/81H343=9154/83/E30A/
}9ABb1=5]^A/85/5=21>5/E43EA;1]^A/E34/9AB/A;/5421>A;/AC/A;~I
\/E745/};6b;25=21:A/\/E3845~/\/E545/81H343=9154/83/E345/}HA4B5/
5495195/83/E545/\/E43EA;1]^A~/3/EF45/};6b;25=21:A~I
\/Ef0A/};6b;25=21:A~/\/E545/81H343=9154/83/EA0A/}9ABb1=5]^A/
EAE6054/43>1A=50/83/EA4/9AB/A;/5421>A;/AC/A;~I
\/E0A/};6b;25=21:A/\/>5:1^A/A6/H509^A/9AB/B3=A;/83/6B/5=A~/\/
E545/81H343=9154/83/EA0A/}9ABb1=5]^A/EAE6054/43>1A=50/83/EA4/9AB/
A;/5421>A;/AC/A;~I
$tu)w
8/210/;Ab43E3\;3/ ;/03245;/i5k/3/iAk/E545/1=81954/:A>50/=5;50?/
XXQRMTNVOKOMRJMLsWK|KM
/B5]^C/9^1b45C/E348^AC/b543;C/E3C/329I/
MOXJumRSOKnM|KWbRmSPvXLnMNOuTPXnMUOSLYuJRPYRnMRYU
/f4H^;C/f4>^A;C/bF=]^A;C/329?

3;5E543936/A/243B 5/;Ab43/A/6/3B /2A85;/5;/E505:45;/8A/

EA426>6F;h/!1=>1]5C/5:341>31C/8301=a3=23C/245=a10AC/01=><;\
219A?/dG932A/5;/83/0<=>65/3;245=>3145h/F-=234C/F1;303/2-=89c3=C/
B -03415=A?
RSTU
yM5MKURPYXMNOpTUXMQRMHYO{LZMJVLYSTUKLRMZXOMLROMXMoXUp|VWX
5~/_ A=A;;<05bA/D2A=A/234B1=58A/3B/d@?/
b~/8G<2A=A/234B1=58A/3B/d@
9~/_ A=A;;<05bA/2=19A/234B1=58A/3B/@
8~/8G<2A=A/234B1=58A/3B/@
3~/_ A=A;;<05bA/2=19A/234B1=58A/3B/d@/
Ea\/@3/A/:A9Db60A/MPuXMYRJMKURPYXMNOpTUXnMYKWMPuXM
59A=2393/9AB/6B5/85;/;3>61=23/HA4B5;/8A/:34bA/h
5~/9A=90615
b~/9A=90614BA;
9~/9A=9063B/

012345
8~/9A=9061=8A
3~/9A=9065;

DE\/.27/????????/BAB3=2AC/????????/;3/03Bb45:5/83/a63/A/5=21a6D41A/
21=c5/A/?????????/a63/E4A964D:5BA;?
5~/.a6F03\=1=>67B\b5
b~/.a6F03\=1=>67B\b56/
9~/.a6F03\=1=>63B\b5/
8~/.a6303\=1=>67B\b5
3~/.a6703\=1=>67B\b56

dMRPvVJMoXUp|VWXMQRoRMORUR|ROMKURPYXMNOpTUXnMRURYX
5~/;64646/
b~/E32395
9~/b51=c5
8~/BA;519A
3~/b341b341
zMrXQXLMXLMoXUp|VWXLMQRoRJMLROMKURPYVKQXLMNOKTUKJRPYRnM
3G932Ah
5~/G5843`
b~/H51;95
9~/43EA4234
8~/85;1;
3~/E4A231=5
EV\/.;;1=503/5/AE]^A/3B/a63/A/E54/83/:A9Db60A;/=^A/Ab38393/
NMJRLJKMORNOKMQRMKURPYVKtuXMNOpTUKq
KMLXTLJpYSUXMSPLXPQpoRSL
b~/562ABf:30HD910/
9~/2DeD
8~/D>654591A9<=1A
3~/50>67B9AB:7B/
Eg\/8;/8A1;/:A9Db60A;/83/9585/123B/83:3B/;34/593=2658A/>45\
TUKJRPYRnMRURYX
5~/c34b1:A4A\4181960A
b~/0A>5412BA\646b6
UMJSVQXLKUOSTUSX
8~/954=56b5\>34B3B
3~/21b015\c134A>01HA

/}D\d~/}a\.~/}q\d~/}f\.~/}V\.~/}g\2~/}n\~/}o\2~/
}h\~/}DE\~

0 % #,1%(*% ! (%*$2$#s*

./9A=9A48=915/9A=;1;23/=A/B395=1;BA/a63/03:5/5;/E505:45;/
5/583a6543B\;3/6B5;/ ;/A6245;/c54BA=195B3=23/=5/9A=;246]^A/
H45;50?/7/A/E41=9<E1A/;1=2D219A/;3>6=8A/A/a650/5;/E505:45;/83E3=\
QRPYRLMLRMvKOJXPSmKJnMPKLMLVKLMwRbRLnMUXJMKLMZKWKoOKLMQRMVRM
83E3=83B?
HlXPUXOQKOZMLSNPSTUKMHRLYKOMQRMKUXOQXMUXJZqMLLSJnMPKMUXP\
9A48=915C/25=2A/=AB1=50/a65=2A/:34b50C/A;/303B3=2A;/a63/9AB\
E3B/5/H45;3/83:3B/3;254/3B/9A=;A==915/6=;/9AB/A;/A624A;?
d;;5/9A=9A48=915/EA834D/;34/H3125/83/865;/HA4B5;h/>45B5\
21950/A6/0f>195/};3>63/A;/E5843;/>45B521951;/:1>3=23;~I/524521:5/
A6/183A0f>195/}8D//5/5E3=5;/6B/8A;/:D41A;/303B3=2A;C/9AB/
:50A4/3;210<;219A~?
3/583a65]^A/3=243/A/;6b;25=21:A/3/A;/
303B3=2A;/a63/5/303/;3/43H343B/}5421>AC/E4A=AB3C/58e321:A~?
3/:5415]^A/8A/:34bAC/9A=HA4B5=8A\;3/5A/
=B34A/3/ /E3;;A5/8A/;6e312A?

En\/i.=85:5B/83:5>54C/A0c5=8A/E545/24D;???k/}"?.?/83/.0B31\
85\.B7419A/.?/25>593145~?/.;;1=503/A/123B/3B/a63/=3B/2A85;/5;/
E505:45;/;^A/593=26585;/E30A/B3;BA/BA21:A/85/E505:45/>41H585/=A/
23G2A?
5~/_ D;//:F;
b~/_ F;//ED;
9~/zf;//24D;
8~/7;//524D;
3~/F;//E7;/
Eo\/(=81a63/5/=195/50234=521:5/3B/a63/=3=c6B5/E505:45/7/
KURPYVKQKMNOKTUKJRPYR
5~/05E1;C/95=A5C/5b595G1C/eA:3=;C
b~/461BC/;A`1=cAC/5a6303C/24516
9~/;568583C/A=1GC/>456C/A4a6<835
QMwXORLnMKtVUKOnMKW|VJnMoSOVLn
3~/:AAC/03>65C/5;;1BC/23=1;/
#MKLMKWYROPKYSoKLnMKMKURPYVKtuXMNOpTUKMRLYpMUXOORYKMRJMYX\
85;/5;/E505:45;C/3G932Ah
5~/e3;6<25C/954D234
b~/:1:AC/;f2^A
9~/b5<=c5C/451`
8~/.=>305C/3;ED865
RMNOpTUXnMw,XOM

3
3j/5/9A=9A48=\
915/8A/58e321:AC/9AB/5/H6=]^A/83/58e6=2A/58=AB1=50C/3H3265\;3/83/
59A48A/9AB/5;/;3>61=23;/43>45;/>3451;h
8/58e321:A/9A=9A485/3B/>F=34A/3/=B34A/9AB/A/;6b;25=21:A/
5/a63/;3/43H343?/dG3BE0Ah/8/
MSZ{MUX|ORLRMQRMwXORLM
?
8/58e321:A/a63/;3/43H343/5/B51;/83/6B/;6b;25=21:A/83/>F=34A/
A6/=B34A/81H343=23;C/a65=8A/EA;EA;2AC/EA834D/9A=9A4854/=A/B5;\
9601=A/E06450/}9A=9A48=915/B51;/59A=;30c585~C/A6/9AB/A/;6b;25=\
21:A/B51;/E4fG1BA?/dG3BE0Ah/
Ujj
iy1=c5/5;/3;ED865;/3/A/9A0A//83/3=9AB3=85/E545/A;/:3;\
218A;/839A258A;?k/}_ 59c58A/83/.;;1;~
i8;/54431A;/3/5;/b5>5>3=;/
/=A/9c^AC/3B/4A85?k/
}34B5=/!1B5~
i.1=85/5;;1BC/5E54391/9AB/A/4A;2A/3/5;/B^A;/B612A/ 9
?k/}540A;/A:1=5/5:509=21~
i???>45=83/=B34A/83/95B54314A;/3/95B543145;/)?k/}741\
9A/z34<;;1BA~
UjUUS
./_ 541=c5/3/A/dG74912A/0
/3;25:5B/503425?
_ ;19A;/3/b510541=5;//5=1B5:5B/5/H3;25?

012345
i???2A85/305/}5/95;5~/9c3145=8A/51=85/5/950C/5/21=25/3/5/b544A/
]?k/}6Bb342A/83/5BEA;~
i_ 36/E41BA/3;25:5/;568A;A/8A;/23BEA;/85/1=H=915/3/H505:5/
8A;/14B^A;/3/14B^;/]?k/}!6<;/3=41a63/y5:543;~
UUUjUU444
US
id;9A0c3;23;/ /06>54/3/cA45???k/}.03G5=843/349605=A~
i???593495/8A/5)
/0584^A/A6/05843;?k/}.=2=1A/5058A~
1
/43:1;25;/3/01:4A;/3=9c15B/5;/E452303145;?
1
/01:4A;/3/43:1;25;/3=9c15B/5;/E452303145;?
@3>63B/3;25/43>45/A;/E4A=AB3;/58e321:A;h/.//18583C/;3GA/3/
ZOXTLLuXqM/E05=A;/3/23=2521:5;?I/
/:<91A;/3/5Bb1]3;?I/
A4/a63//f81A/3/E34:34;18583'I/iMXOsPUSZRMRMTWvXLZqM[ VS\
25;/:3`3;/7/H59602521:5/5/3;9A0c5/83;25/A6/85a6305/9A=9A48=915C/
B5;/3B/2A8A;/A;/95;A;/83:3/;6bA481=54\;3/ ;/3G1>F=915;/85/36HA\
=15C/85/90543`5/3/8A/bAB/>A;2A?

/345B/A;/815;/3/5;/=A123;/E545/A/E41;1A=314A?
i8/7;54/3/5/14B^/;^A/
?k/}.=2=1A/801=2A~
UjUj
43UjUSUU7jU
U
YXLLKMIRPvXOSKMTUKOpMC/36/0c3/>545=2A?
izA;;5/dG930F=915/3;2D/C/A62A4/"61`?k/}.415=A/
@65;;6=5~
zA;;5;/dG930F=915;C/;3=cA43;/_ 1=1;24A;C/;^A/ /83/
PXLLKMUXPTKPtKq
zA;;5/.023`5/HA1/0?/}9AB/43H34F=915/5/6B/E4<=91E3~
8/E43819521:A/5E54393/ ;/:3`3;/=5/HA4B5/8A/B5;9601=A/;1=>6\
054/=5;/3;2343A21E585;/0A96]3;/7/bABC/7/=393;;D41AC/7/E4391;AC/329?C/
3BbA45/A/;6e312A/;3e5/;6b;25=21:A/H3B1=1=A/A6/E06450h
23b185/509Af0195/=^A/7/0 /E545/A/H<>58A?
i">65/83/B301;;5/7/B612A/0 ?k/}_ 59c58A/83/.;;1;~
i7//9562305/9AB/;3B30c5=23;/8A6241=5;?k/}5B10A/5;\
230A/245=9A~
iA4B=1A;C/ ;/43H31]3;C/=^A/7/ ?k/}.=<b50/_ 59c58A~

6jUjUUUUUjU
wvtwuwC/A9A443B/8A1;/21EA;/83/9A=;246\
]^AC/6B/3/A624A/03><21BA;?/dG3BE0A;h
d;268A/1=>03;5/3/H45=93;5?
d;268A//1=>03;5/3//H45=93;5?
/1=81958A4/3/B781A/3;25:5B/H3418A;?
/1=81958A4/3//B781A/3;25:5B/H3418A;?

8b;34:3\;3/a63/3B/251;/95;A;/A/;6e312A/=^A/:3B/83234B1=58A/
E30A/5421>A/3/5/9A=9A48=915/;3/H5`/=^A/9AB/5/HA4B5/>45B521950/85/
E505:45C/B5;/9AB/A/H52A/a63/;3/23B/3B/B3=23h
. ^ 9]=^A/7/B56?
7/=393;;D41A/ ?

UUUU47jU
UjUU4j4447j4
nMPXOJKWJRPYRMTUKJMPXMJKLUVWSPXMLSPNVWKO
@65/:185/=585/23B/83/ ?
@36;/A0cA;/2FB/50>A/83/?
yA85:15C/EA4/5245]^AC/EA83B/3;;3;/58e321:A;/9A=9A4854/9AB/A/
;6b;25=21:A/}A6/E4A=AB3~/;6e312Ah
id05;/=585/21=c5B/83/2?k/}"A;7/F65085/5=25;~

5:3=8A/83234B1=5]^A/8A/;6e312AC/A6/;3=8A/E4391;A/4350]54/A/
E43819521:AC/3H3265\;3/5/9A=9A48=915/=A4B50B3=23h
7//5/265/E43;3=]5/5a61?/}/1=81;E3=;D:30~
i@3/ MX|OKLnMVRMLRMTmRLLRJMRMWKONKJRPYRqZM
}d]5/83/g6314f;~
i7 /A624A;/24F;/cAB3=;?k/}.=<b50/_ 59c58A~
i7-/25Bb7B/A;/=AB3;/8A;/58B1458A43;?k/}540A;/
83/!532~

3Uj/5/9A=\
9A48=915/8A/58e321:A/E43819521:A/9AB/A/;6e312A/43501`5\;3/9A=\
;A5=23/5;/;3>61=23;/=A4B5;h

3/./9A=9A48=915/
8A/58e321:A/E43819521:A/9AB/A/Abe32A/81432A/A6/1=81432A/;6bA481=5\
\;3/ ;/;3>61=23;/43>45;/>3451;h

8Uj
UU
./91F=915/;3B/9A=;91F=915/7/?
8;/95BEA;/3;25:5B/ C/5;/9A0c3125;/;3415B/?
7/0/5/95]5/=3;25/43;34:5?

8
7jUUU
z1//=5/b5<5/A;/=5:1A;/E324A0<H34A;?
i80cA6/E545/;65;/23445;/3/:16\5;//3/ ?k/}54\
0A;/83/!532~
5MYOS|VPKWMVKWSTUXVMQRM/5;/=AB35]3;/8A/3G\E43H312A?
./=A123/2A4=5/)5)/A;/5;24A;/=A/976/0<BE18A?

6jUjUUjTUjUU
U84j
8U
8/B54/3/A/976/3;25:5B/?
./91F=915/3/5/:142683/;^A/?
i)/3/],/345B/A/>3;2A/3/A;/B3=31A;/83;23;/cAB3=;/
;3B/81;91E01=5Ck/}.03G5=843/349605=A~
UjUUjTUjUU
8UUU4Ujj
8/:503/3/5/BA=25=c5/;^A/]?
H5MU[VMRMKLMpOoXORLMTUKOSKJM 0?k/}_ 59c58A/83/
.;;1;~


6jUUjTU
U84U:Sj8
UU
./e6;21]5/839054A6/ /A/3BE43;D41A/3/;36;/56G101543;?
31G3/b3B/]^/5/EA425/3/5;/e5=305;?
UU8
UU4Ujj
yAB31/ /5/47>65/3/A/9ABE5;;A?
.9c31/B612A/ MXMZOsPUSZRMRMLVKMTWvKq
i;UUk?/}FA=]50:3;/15;~
d=9A=2431/3/=A/9c^A/A/D0b6B/3/5;/95425;?

012345
U44UU4
US
7/E4391;A/a63/;3/B5=23=c5B/
/5;/465;/3/A;/e5481=;?
@3>63/5;/B3;B5;/43>45;/A/E43819521:A/3GE43;;A/E30A;/;6b;\
25=21:A;/:541D:31;/3B/>F=34A/3/=B34Ah/y3B15B/a63/5;/2AB5;;3B/
EA4/
I/A=;1834A//8A/941B3/A/9AB34915=23/3/;65/
3BE43>585?
3TUUj5/:A`/E5;;1:5C/A/E54\
219<E1A/9A=9A485/3B/>F=34A/3/=B34A/9AB/A/;6e312AC/9ABA/A;/58\
e321:A;h
A1/^/5/451=c5/85/H3;25?
A1//5/3=243>5/8A;/9A=:123;?
8;/eA>58A43;/21=c5B/;18A/>
8/>A:34=A/5:1;5/a63/=^A/;34^A/ /1=:5;3;/83/E4A\
E4138583;?

./0A96]^A/6B/3/A624AC/43H34185/5/1=81:<86A;/83/;3GA;/81H343=\
23;C/E34B5=393/25Bb7B/=A/B5;9601=Ah/i./
/8A/^/
3;9A:A6\0c3/A/9c5E76I/3C/a65=8A/303/A*6b1^AB/;516C/ /
KNOKQRUROKJWvRMJVSYXMXM|RPRxsUSXMQKMLKWoKtuXMQXMTWvXqZM[ KUvK\
8A/83/.;;1;~
8/;6b;25=21:A/a63/;3/;3>63/ ;/0A96]3;/6B/3/A624A/3/=3B/A6\
YOXMTUKMPXMLSPNVWKOqM3RJZWXLMeJMRMXVYOXM
)/B3/5>458545BI/
j3B/6B/=3B/A624A/
)/B3/5>458545B?
jUUU3*3>1;245BA;/5a61/
50>6=;/95;A;/3;E39151;/83/9A=9A48=915/=AB1=50h

g65=8A/A/=903A/8A/;6e312A/7C/9ABA/=A/021BA/3G3BE0AC/6B/
9A0321:A/=6B7419AC/EA83\;3C/3B/>3450C/3H32654/5/9A=9A48=915/9AB/
A/;6b;25=21:A/a63/A/59ABE5=c5h/3=23=5;/83/45E5`3;/HA45B/)9
/E38505=8A/=5;/465;I/3`3=5;/83/;A0858A;/HA45B//3B/
9ABb523?
*3H341=8A\;3/5/8A1;/A6/B51;/;6b;25=21:A;/83/>F=34A/81H343=\
23;C/A/E54219<E1A/9A=9A4854D/=A/B5;9601=A/E06450h//EA4/
B<;;31;C/5/9A4:325/3/A/=5:1A/HA45B/5/E1a63I/i_ 5;/59c31/=526450/a63/
A/906b3/3/;65;/106;3;/HA;;3B/

?k/}540A;/46BBA=8/83/
.=84583~
3
M5MZOXPXJRnMVKPQXMLRMwRSXPKnMUXPUXOQKMRJMN{PROXMRMP,\
B34A/9AB/A/;6b;25=21:A/5/a63/;3/43H343h
\/i)
k?/}"A;7/83/.03=954~
\/i?k/}"A;7/83/
.03=954~
\/8/E4A=AB3/a63/;3/43H343/5/8A1;/A6/B51;/;6b;25=21:A;/83/>F\
PROXLMQSxRORPYRLnMwRSXPKLRMPXMJKLUVWSPXMZWVOKW
ikk/}.0b342A/83/801:3145~
i<
?k/}.03G5=843/349605=A~
A=c391/=5a6305/3;9A05/f21BA;/45E5`3;/3/BA]5;C/9AB///
TmM|XKLMKJSmKQRLq
/i/=>?;
?k/}F4591015=A/*5BA;~

S4jU4UABA/58e321:A;C/9A=9A485B/9AB/A/
;6b;25=21:A/3B/>F=34A/3/=B34Ah
/ /E43;3=23C/:51/5/4305]^A/85;/B34958A415;?
z^A//A;/E5439343;/85;/9AB1;;3;/279=195;?
*3B32A\0c3C/C/865;/9fE15;/8A/9A=2452A?
*3B32A\0c3C/C/6B5/HA2A9fE15/8A/4391bA?
8;/941B3;/83/
\B5e3;2583/345B/E6=18A;/9AB/5/BA423?
.e6854/3;;3;/3;E13;/;3415/941B3/83/
\ED2415?
8b;34:5]^Ah/d:123/5/0A96]^A/3;E415/t?
UUU@MGXUVtuXMKQoRO|SKWMSPoKOSpoRWqMISNPSTUKMoSLS\
:30B3=23?
i!915/3B5>43915/
)k?/}A30cA/j32A~
i12A/3=:30c3915/
)?k/}.6243=/A6458A~
@/ABA/58e321:AC/;f/A;A`1=cAC/=19AB/9A=9A485/3B/=B34A/
9AB/A/;6b;25=21:A?/ABA/E505:45/83=A2521:5/83/01B125]^AC/3a61:5\
03=23/83/5E3=5;C/;AB3=23C/7/1=:541D:30?
d03;/3;25:5B/C/=5/;505/106B1=585?
d;;3;/8A1;/01:4A;C/EA4/;1/C/b5;25415B/E545/2A4=D\0A;/9703b43?
d05;//E5;;315B/83/9544A?
7/303;/3;25:5B/=5/;505?
A4B5/5/0A96]^A//A;3B/B51;/9ABE5=c15C/;A`1=cABh/d;\
2D:5BA;/?/"3;6;/83;E3816/5/B60218^A/3/;6b16/5A/BA=23/E545/
A454/?

8;/;6b;25=21:A;/;3=8A/;1==1BA;C/A/E4A=AB3/9A=9A485/9AB/
A/B51;/E4fG1BAh/i/BA4251;C/a63/93>63145/3/83;521=A/7/k/
}_ 5=630/234=5483;~

UUT//;58A/3B/3GE43;;3;/;6E340521:5;C/3;23/58e321:A/
XOKMKZKORURMSPoKOSpoRWnMXOKMwRSXPKQX
i./:A025C/3;E345:5\=A;/;3BE43/A/50BA]A/9AB/A;/E452A;/B51;/
43a61=258A;/5)
?k/}_ 5415/303=5/548A;A~
id;25;/H4625;/;^A/5;/B51;/;5bA4A;5;/5)
?k/}540A;/Ff1;~
i./B5=15/83/.0193/345/9A0391A=54/A;/3=H3123;/83/0A6]5/B51;/
>4A23;9A;/EA;;<:31;?k/}038A/(:A~
i???/3/A/43;60258A/Ab218A/HA1/6B5/5E43;3=25]^A/9AB/BA:1B3=\
2A;/A;/B51;/3;EA=2=3A;/5)?k/}*A=508A/_ 145=85~

\/8;/E4A=AB3;/@@@C/a65=8A/;3/43H343B/5/;6b;25=21:A;/
83/>F=34A/81H343=23;C/9A=9A485B/=A/B5;9601=Ah
_ 5418A/3/
/:1:15B/3B/bA5/c54BA=15/3/5e685:5B\;3/
?
i*3EA6;5:5B/b3B/E342A/ 59
?k/}.03G5=843/349605=A~
&/95;545B/938Ah/ /EA4/5BA4C/A/C/EA4/1=2343;;3?

ABA/;3/:F/8A;/3G3BE0A;/91258A;C/cD/=<2185/23=8F=915C/=A/
EA426>6F;/83/cAe3C/E545/;3/6;54C/=3;23/95;AC/A/58e321:A/EA;;<:30/=A/
E06450?/8/;1=>6054/7/83/41>A4/a65=8A/5/3GE43;;^A/;6E340521:5/1=1915/
9AB/5/E542<9605/A/}A/B51;C/A/B3=A;C/A/B51A4C/A/B3=A4C/329?~
5LMZO[QSXLMQRoRJMTUKOMXMJKSLMKxKLYKQXLM5)
?
d03/245`15/;3BE43/5;/6=c5;/A/B51;/b3B/5E54585;/5)
?
8/B7819A/523=836/A/B51A4/=B34A/83/E5913=23;/5)
?

012345
UU@/342A;/58e321:A;C/9ABA/;741AC/9054AC/
954AC/b5452AC/502AC/454AC/329?C/a65=8A/6;58A;/9AB/5/H6=]^A/83/58:74\
|SXLMYROJSPKQXLMRJMMMJRPYRnMTUKJMSPoKOSpoRSL
z5BA;/H5054/?/A;741A//;3415B3=23B
3=;A/a63/H5031/b3B/C/81;;3/5/;39432D415?
d;;3;/E4A862A;/E5;;5B/5/96;254/B51;/?/AA6/B51;/b5452AB
d;25;/5:3;/:A5B/
?/AA6/b51GAB
"6=2A/3/81432A/A45/H6=91A=5B/9ABA/58e321:A;C/A45/9ABA/58\
:74b1A;h
i"A4>3/3/5=23/;502545B//8A/9544A?k/}"A;7/!A6`314A~
id45/9ABA/;3/21:3;;3B/3;258A//=5/:7;E345?k/}.6245B/
A6458A~?
id05;/BA45B//cD/50>6B/23BEA?k/}"A;7/F65085/5=25;~
iA45B//5A/>50E^A/8A/3=>3=c314A\9c3H3?k/}"A;67/F61\
B54^3;~
@jA/;3=218A/83/1=23145B3=23C/9ABE0325B3=23C/9A;26B5\
LRMwRSXPKOnMRJ|XOKMLRJKMKQo[O|SX
d;;3;/<=81A;/5=85B//=6;?
RXVMQVOKPYRMKMPXSYRMRMKMZWKPsUSRMTUXV/}A6/2A8A~/b45=95?
.;/B3=1=5;/15B//83/b45=9A?
MUKLSPvKMTUKoKMLX|MQVKLMJKPNVRSOKLnMVRMKMUX|OSKJM?
_ 5;/58B123\;3/25Bb7B/5/HA4B5/1=:541D:30h
1a631/9AB/A;/95b30A;//;6eA;/83/234D?
@65;/B^A;/3;25:5B//3=;5=>C3=2585;?
@/305/;65/A41>3BC/503425/}523=25B3=23C/83/E4A=218^AC/
3B/3;258A/83/:1>10=915~/7/58:74b1A/3C/EA425=2AC/1=:541D:30h
d;25BA;/503425?
5LMLXWQKQXLMTUKOKJM
?
iyA8A;/A;/;3=218A;/
/H6=91A=5B?k/}540A;/46BBA=8/83/
.=84583~
i8;/b45;10314A;/=^A/EA83B/831G54/83/3;254/;3BE43/
?k/
}_ 5421=;/83/.>6154~
A=268AC/3;25/E505:45/7C/52650B3=23C/;3=2185/5=23;/9ABA/58e3\
YSoXnMLRPQXnMZXOMSLLXnMwRSXPKQKMPXMZWVOKW
jA;;A;/9c3H3;/3;2^A/
?/}:1>105=23;~
5E5/81`/5A;/941;2^A;/a63/;3/B5=23=c5B/
?
i/B5/;3=21=305/83/>65485C/A0cA;/5b342A;/3/;3=218A;/
;C/3;\
E345=8A/E30A/83;9A=c3918A???k/}.;;1;/245;10C/8;/4A9A810A;C/E?/aV~
* //;585/9ABA/58:74b1AC/=A/;3=218A/83/6B/EA69AC/3;25/
E505:45/7/1=:541D:30?/dG3BE0A;h
./EA425/3;25:5/ /5b3425?
LMJRPSPKLMTUKOKJM /=34:A;5;?
8;/;5E52A;/345B/ /:30cA;C/B5;/;34:15B?
UMYKOSKMVKPQXMKQJRYSoXnMLSPOPSJXMQRMLVTUSRPYR
j^A/c5:15/E4A:5;/0/E545/9A=83=54/A/476?
65;/B505;/=^A/345B/0/E545/5;/4A6E5;/85/5241`?
SUKMSPoKOSpoRWMVKPQXMKQo[O|SXnMUKLXMRJMVRMJXQSTUKMVJM
58e321:Ah
.;/9A485;/345B/0/HA423;/E545/;6;23=254/A/E3;A?
8;/3B1;;D41A;/:A02545B/0/A21B1;25;?
i!3:1/3;2D/1=a6132A/9AB/5/39A=AB15/8A/245;10?/zF/a63/;3/5E4A\
G1B5B/815;/0/3;964A;?k/}.6;243>7;10A/83/.25<83~


* U@/7/E505:45/1=:541D:30h
F5;23/ /D>65?
4/=A123C/cD/ /E3;;A5;/=5/E45]5?
RSTU
ED?/.;;1=503/5/H45;3/a63/3=93445/6B/344A/83/9A=9A48=915/=A\
B1=50h
5~/d;25:5B/5b5=8A=585;/5/95;5C/A/23BE0A/3/5/:105?
b~/d05/9c3>A6/9AB/A/4A;2A/3/5;/B^A;/H34185;?
9~/39A4418A/6B/5=A/3/50>6=;/B3;3;C/0D/:A025BA;?
8~/39A4418A;/6B/5=A/3/50>6=;/B3;3;C/0D/:A025BA;?
3~/d05/9ABE4A6/8A1;/:3;218A;/91=`5?
Ea?/d=6B343/5/;3>6=85/9A06=5/E305/E41B3145/}58e321:A/EA;\
EA;2A~h
}D~/:30cA;/
}a~/:30c5;/
}/~/95B1;5/3/950]5?/
}/~/9c5E76/3/950]5?
}/~/950]5/3/9c5E76?
}/~/9c5E76/3/E5032f?
}/~/9c5E76/3/95B1;5?
5~/D\a\D\D\a
b~/a\a\D\D\a
9~/a\D\D\D\D
8~/D\a\a\a\a
3~/a\D\D\D\a
Eq?/ABE0323/A;/3;E5]A;/9AB/6B/8A;/=AB3;/9A0A958A;/=A;/
E54F=23;3;?
5~/@34D/a63/7//3;;5/9A=H6;^A/2A85'/}=393;;D41A/=393;;D415~
|MDVROXMVRMYXQXLMTVRJMqMKWROYKMKWROYKL
9~/A6:3//45`3;/E545/36/=^A/:A0254/0D?/}b5;25=23/b5;\
25=23;~
8~/d=9A=2431//5/;505/3/A;/a6542A;?/}:5`15:5`1A;~
RMMQXPKMQXMSJ$oRWMTUXVMMQRLSWVQSQKMUXJMXMSPVSWSPXqM
}B31A/B315~
Ef?/ij5/436=1^A/8A/A03>158AC/=^A/H502A6C/=A/BAB3=2A/3B/
a63/5;/81;96;;3;/;3/2A4=545B/B51;/:1A03=25;C/54>6B3=2A;/3/AE1\
=13;/:33B3=23;/3/9A=245812f415;?k/jA/2439cA/591B5C/cD/6B5/1=H45\
]^A/5;/=A4B5;/83/9A=9A48=915?
5~/*33;943:5\A/9AB/83:185/9A443]^A?
|MEVLYSTVRMKMUXOORtuXMxRSYKq
EV?/*33;943:34/5;/H45;3;/5b51GAC/9A441>1=8A\5;/a65=8A/=393;\
;D41A?
5~/i*393b31C/zA;;5/dG930F=915C/A;/E4A93;;A;/83/=A;;5/3;21B5C/
EA1;/=^A/EA83B/c5:34/91858^A;/9A=;913=23;/;3B/38695]^A?k
b~/i8;/E4Ae32A;/a63/B3/3=:1545B/3;2^A/3B/A483BI/83:A0:F\
\0A;\31/51=85/cAe3C/9A=HA4B3/0c3;/E4AB321?k
Eg?/ABA/=A/3G349<91A/5=2341A4?
5~/id03/1=HA4BA6/5A;/9A03>5;/83/a63/c5:15/E34818A/A;/8A96\
B3=2A;/96e5/A41>1=5018583/86:185BA;?k
|MH0RZXSLMQRMKLLSLYSOMKWNVJKLMKVWKLnMRVMZORxROSKMJKSLMTUKOMPXM
ED21A/8A/a63/9A=21=654/83=24A/85/905;;3?k

012345
En?/./H45;3/3B/a63/5/9A=9A48=915/=AB1=50/3;2D/9A44325/7h
5~/./:5;25/E05=25]^A/3/5/95;5/>45=83/95158A;/cD/EA69A/23BEA/
345/A/B30cA4/;1=50/83/E4A;E3418583/85/H5B<015?
b~/d03;C/9AB/54/3=241;23918A;C/8141>145B\;3/5A/;50^A/A=83/;3/
3=9A=245:5B/5;/:<21B5;/8A/59183=23?
9~/j^A/0c3/E543915B/210/5a6305;/E05=25;/3;a61;125;/a63/303/960\
21:5:5/=5/;65/E59525/3/01=85/9cD9545/8A/1=2341A4?
8~/g65=8A/HA1/3=9A=2458AC/303/5E43;3=25:5/H3418A;/5/E34=5/3/A/
b45]A/814312A;C/B5;/3;25:5/2A250B3=23/0918A?
3~/d;;3;/01:4A/3/95834=A/=^A/;^A/B36;C/B5;/EA834^A/;34/1BEA4\
25=23/E545/5/E3;a61;5/a63/3;2A6/H5`3=8A?
Eo?/.;;1=503/5/50234=521:5/3B/a63C/E064501`5=8A\;3/5/H45;3C/5;/
E505:45;/83;259585;/E34B5=393B/1=:541D:31;h
5~/d;23/7/A/B31A/B51;/3G52A/E545/:A9F/43;A0:34/A/E4Ab03B5h/
3;2683/;f?
b~/_ 315/E505:45C/B31A/2AB/\/<=8193/83/;65/;3=;523`?
9~/d;25:5/;f/=5a6305/A95;1^AI/594381231C/EA1;/3B /;65/B 315/
E4AB 3;;5?
8~/5;;31/B612A/1=:34=A/;f?
3~/@f/3;26831/A/303B3=254C/A/a63/B3/831G5/B31A/5E433=;1:A?

UjUU8/;6e312A/;3=8A/;1BE03;C/9AB/303/9A=\
9A4854D/A/:34bA/3B/=B34A/3/E3;;A5?/dG3BE0A;h
;
i.;/;5:5;/ /6B5/E45>5?k/}540A;/A:1=5/5:509=21~
/iy6/=^A/7;/1=1B1>5/8303C/=^A'/}5B10A/5;230A/245=9A~
izf;//9c5B58A;/ /01b348583C/14B^A;?k/}@^A/560A~
;
 /25=25;/83;>45]5;/=3;23/E05=325
j^A/
/E3;;A5;/a63/=A;/a63145B/5e6854?
./a63B/ /3;;5;/23445;'
UjUFGUU

@/dG3BE0A;h
i./3;EA;5/3/A/5B1>A/ /;65/B549c5?k/}"A;7/83/.03=954~
iA21/3/;36;/>6344314A;/A/ ^ ?k/}"A;7/83/.03=954~
iz185C/>45]5C/=A:18583C/ \0c3/85/50B5/9ABA/83/6B5/
HA=23/E343=3?k/}_ 59c58A/83/.;;1;~
7/01912A/}B5;/=^A/Ab41>52f41A~/831G54/A/:34bA/=A/;1=>6054h
\/g65=8A/A/=903A/8A;/;6e312A;/;^A/;1==1BA;h
i./839F=915/3/cA=3;218583/51=85/)?k/}_ D41A/254432A~
i./9A45>3B/3/5HA123`5/9AB/a63/0c3/43;EA=81C/0\A???k/
}5B10A/5;230A/245=9A~
ig63/b5460cAC/a63/43:A06]^A//95E5`/83/E34264b54/3;25/;3\
43=18583'k/}F4591015=A/*5BA;~
\/g65=8A/A;/=903A;/8A/;6e312A/HA4B5B/;3a6F=915/>458521:5h
eJKMPLSKnMVJKMKwStuXnMVJKMKPN,LYSKMORZRPYSPKM /5/
B3/5E34254/ /50B5?

Eh?/.EA=23/A/344A/83/9A=9A48=915/=AB1=50?
5~/.=831/EA4/0A=>3;/23445;?
b~/d05/9c3>A6/2A85/B59c69585?
9~/5405/5=85/B31A/5bA4439185?
8~/d05;/=^A/E4A>43814^A/EA4/;1/B3;BA?
3~/d05/E4fE415/=A;/E4A964A6?
DE?/.;;1=503/A/344A/83/9A=9A48=915/=AB1=50?
5~//_ 612A/Ab41>585C/81;;3/305?
b~/@f/5;/B60c343;/HA45B/1=2344A>585;?
9~/d03;/3;25:5B/;f?
8~/"D/345/B31A\815/3/B315?
RMI$LnMTUKOKJMYOSLYRLq
UUU
ED\.//Ea\
Eq?/5~/=393;;D415/b~/503425/9~/b5;25=23;/8~/:5`15/3~/B31A
Ef?/5~/ij5/436=1^A/8A/9A03>158AC/=^A/H502545BC/=A/BAB3=2A/
3B/a63/5;/81;96;;3;/;3/2A4=545B/B51;/:1A03=25;C/54>6B3=2A;/3/
AE1=13;/:33B3=23;/3/9A=245812f415;?k
//////b~/A=9A485/9AB/A/;6e312A/i54>6B3=2A;/3/AE1=13;k?
EV?/5~/i*393b5C/zA;;5/dG930F=915C/A;/E4A23;2A;/83/=A;;5/3;21\
B5C/EA1;/=^A/EA83/c5:34/91858^A;/9A=;913=23;/;3B/5/38695]^A?k
//////b~//./H45;3/3;2D/9A44325?
Eg?/5~/id03/1=HA4BA6/5A;/9A03>5;/a63/c5:15/E34818A/}A6h/303/
1=HA4BA6/A;/9A03>5;/83/a63/c5:15/E34818A/A;/8A96B3=2A;/83/96e5/
A41>1=5018583/86:185BA;?k
MMMMMM|MH0RZXSLMQRMKLLSLYSOMKWNVJKLMKVWKLnMRVMZORxROSKMTUKOMPXM
ED21A/5/9A=21=654/83=24A/85/905;;3?k
En\d//Eo\d//Eh\//DE\
3


8
ij^A/ /A/4D81A/83/E10c5/3/5;/43:1;25;C/a63/;3415/83/d01\
;5'k/}"A4>3/.B58A~
id=a65=2A/303/=^A/:1=c5C/ /6B/eA4=50/3/6B5/:305?k/
}*19548A/*5BA;~
i.01/) /A/41A/3/5;/;65;/05:583145;?k/}540A;/A:1=5/5\
:509=21~
???/95;5/5b3=]A585/A=83/) /36;/3/A/E41B314A/8A;/;36;/
B1=1;24A;?k/}540A;/83/!532~
.9A=;30c5BA;C/=3;;3/95;AC/6;54/A/:34bA/=A/E06450?
UjUUUUU
HIJ
8@<KL
MLNLOMLNL
iA1/A/a63/, /5E126/3/36?k/}_ 59c58A/83/.;;1;~/}305/3/
36//=f;~
iy6/3/303//e6=2A;?k/}_ D41A/254432A~/}26/3/303//:f;~
zA9F/3/B36/14B^A/=^A/B3/  ?/}:A9F/3/303//:A9F;~
_ 6125;/:3`3;/A;/3;9412A43;/a63b45B/5/41>183`/83;;5/43>45h
8
P

8/:34bA/9A=9A485/9AB/A/;6e312AC/3B/c54BA=15/9AB/5;/;3>61=\
23;/43>45;/>3451;h

012345
i8/a63/43;25/85/H301918583/E5;;585/7;/26/3/303;?k/}5B10A/5;\
230A/245=9A~
i5`3/6B5/5495/83/B583145I/3=245/=305/26C/265/B60c34/3/236;/
TWvXLqZM[ KUvKQXMQRMLLSL
NL
QQ
i???36;/3/26//23;23B6=c5;???k/}.0B3185/F544322~
i"64A/a63/26/3/265/B60c34/B3/ ?k/}A30cA/j32A~
.;/=A4B5;/a63/5/;3>614/245]5BA;/2FBC/B6125;/:3`3;C/:50A4/43\
0521:AC/EA4a65=2A/5/3;9A0c5/83;25/A6/85a6305/9A=9A48=915/83E3=\
83C/H43aC3=23B3=23C/8A/9A=23G2AC/85/;1265]^A/3/8A/901B5/3BA91A=50/
a63/3=:A0:3B/A/H505=23/A6/A/3;943:3=23?
UUjjUj
D/865;/;1265]3;/5/9A=;183454h
RJ
8
560A/A6/.=2=1A//A/E43;183=23?
8/0584^A/A6/A;/05843;/=^A/ /=3=c6B/:3;2<>1A?
.1=85/=^A/HA1//A/562A4/A6/A;/562A43;/8A/941B3?
78
'
id45/2^A/E3a63=5/5/918583C/a63/6B/>412A/A6/>54>50c585/HA423/
5/)) /83/EA=25/5/EA=25?k/}.=<b50/_ 59c58A~/}y5=2A/6B/
>412A/9ABA/6B5/>54>50c585/5245:3;;5:5B/5/918583?~
ij5a6305/941;3C/;f/36;/A6/jA;;5/@3=cA45/ /596814\
\0c3?k/}5B10A/5;230A/245=9A~
DC/=A/3=25=2AC/3B/bA=;/562A43;C/A9A44F=915/83/:34bA/=A/;1=\
>6054h
i./>0f415/A6/5/:34>A=c5/85/3;214E3/)/83/52A;/1=81:1\
8651;?k/}z1:508A/A54591~
iD/83;;5;/43B1=1;9F=915;/a63/=^A/83;95=;5B/5=23;/a63/5/
E3=5/A6/5/0<=>65/5;/0
?k/}_ 59c58A/83/.;;1;~
i/B/E4<=91E3/A6/6B5/E41=93;5/=^A//;3B/6B/:602A;A/
8A23?k/}z14152A/A44315~
UUjjUU/;5\;3/
B51;/H43a63=23B3=23/A/:34bA/=A/E06450/a65=8A/;3/5241b61/5/B3;B5/
1BEA42=915C/=A/E4A93;;A/:34b50C/5A;/303B3=2A;/8A/;6e312A/6=18A;/
E305/E43EA;1]^A/?/dG3BE0A;h
_ 5=630/9AB/;36/9ABE5843/9A=;246<45B/A/b54459^A?
id6/9AB/A624A;/4AB314A;/)5 /83/z1>A???k/}5B10A/5;\
230A/245=9A~
id03/9AB/B51;/8A1;/ \;3/85/EA425?k/}5B10A/5;230A/
245=9A~
A83/;3/6;54/A/:34bA/=A/;1=>6054/a65=8A/;3/83;3e5/854/4303:=\
915/5A/E41B314A/303B3=2A/8A/;6e312A/3/25Bb7B/a65=8A/A/:34bA/:134/
5=23;/83;23?/dG3BE0A;h
8/b1;EAC/9AB/8A1;/;59348A23;C//;A03=3B3=23/5/B1;;5?
8/E43;183=23C/9AB/;65/9AB121:5C/^/5/541;/ ;/Vc/85/25483?
i"D/=6B/;6b01B3/3/Eb019A/23524A/;3//A/431/1=>0F;/9AB/
2A85/5/9A423?k/}!6<;/83/5B543;~
1

UUjjUg65=8A/A/;6e312A/7/HA4\
B58A/EA4/=903A;/=A/;1=>6054/6=18A;/E305/9A=e6=]^A/ C/6;5\;3C/
9AB6B3=23C/A/:34bA/=A/E06450?/dG3BE0A;h
j3B/5/41a63`5/=3B/A/EA834/A/
) /83/;36;/1=1B1>A;?
j3B/36/=3B/303/A/ ?
ij3B/A/B6=8AC/=3B/36;/ /HA4]5/E545/B3/9A=;245=>34/
5/25=2A?k/}.03G5=843/349605=A~
ij3B/5/2<b015/=3B/5/43;E3125b1018583/0c3/ E45>63e54/
502A?k/}d]5/83/g6314f;~
7/E43H34<:30/5/9A=9A48=915/=A/;1=>6054h
S
ij^A/0c3/)
MKMSJRPLSQKQRMKmVWnMPRJMKMKWRNOSKMQKLMwXORLnM
=3B/5/EABE5/85;/HA0c5;/:3483;???k/}_ 59c58A/83/.;;1;~
j^A/A/36/=3B/B1=c5/3;EA;5?
ij5/H5`3=85C/52650B3=23C/=^A//245b50cAC/=3B/81=c31\
4AC/=3B/=585/5/=1=>67B?k/}F61B54^3;/*A;5~
S87
'
j3B/23401B/=3B/_ A;9A6//5/E4fG1B5/801BE<585?/}@f/
6B5/918583/EA83/;38154/5/801BE<585?~
j3B/560A/=3B/"A^A/
>A:34=58A4/8A/.943?/}@f/6B/
95=81852A/EA83/;34/30312A/>A:34=58A4?~
UUjU8/:34bA/:51/E545/A/
E06450/a65=8A/A;/303B3=2A;/8A/;6e312A/9ABEA;2A/3;2^A/01>58A;/EA4/
6B5/85;/3GE43;;3;/9A4430521:5;/=^A/;f???/B5;/25Bb7BC/=^A/;f/
9ABA/25Bb7BC/25=2A???9ABAC/329?/dG3BE0A;h
j^A/;f/5/=5]^A/B5;/25Bb7B/A/E4<=91E3/ /EAb43;?k/
}.03G5=843/349605=A~
iy5=2A/5/(>43e5/9ABA/A/d;258A/ /527/9342A/EA=2A/1=A93=\
23;?k/}.03G5=843/349605=A~
iy5=2A/jAFB15/9ABA/*31=508A/;f/  /4305]3;/83/
5B1`583/9AB/6B/>46EA/B612A/4386`18A/83/E3;;A5;?k/}"A;7/A=87~
iy5=2A/5/05:A645/9ABA/5/1=8;2415/85/9415]^A/83/>58A/=^A/A/
) /8A/;36/Abe321:A?k/}5;;15=A/*19548A~
jUUjUj44jg65=8A/A/;6\
e312A/9ABEA;2A/:3B/43;6B18A/EA4/6B/8A;/E4A=AB3;C/;;
8 C/329?/A/:34bA/9A=9A485C/=A/;1=>6054C/9AB/A/E4A=AB3/43\
;6B18A4?/dG3BE0A;h
"A>A;C/3;E32D960A;C/:15>3=;C/81:34;3;C/=585/&/;521;H5`F\0A?
i8/3=26;15;BAC/50>6=;/>A03;/83/:1=cAC/A/>F=1A/1BE341A;AC/3;\
2A6:58AC/268A/1;;A/B3/
)/5/H5`34/6B5/9A1;5/=195?k/}_ 59c58A/
83/.;;1;~
"A>58A43;C/D4b124AC/5;;1;23=23;C/=1=>67B//8A/95BEA?
UUjUUUUjU8/
:34bA/9A=9A485/=A/;1=>6054/a65=8A/A;/=903A;/8A/;6e312A/83;1>=5B/
5/B3;B5/E3;;A5/A6/A/B3;BA/;34?/dG3BE0A;h
i.030615/8/b45;10314A/9AB6BC/A/cAB3B/8A/EA:AC/A/"A^A\
\=1=>67BC/5>A45/7/978605/83/4T/VEECEEk/}540A;/46BBA=8/
.=84583~
idBbA45/;5b3=8A/a63/268A/:51/9A=21=654/9ABA/3;2DC//A/
43>1;24AC/A/E4A23;2AC/3B/=AB3/8A;/2303;E39258A43;?k/}z50741A/.=\
84583~
.8:A>58A/3/B3Bb4A/85/1=;21261]^A/ /a63/305/7/9A446E25?

012345
UUjUU8/:34bA/9A=9A4854D/=A/
ZWVOKWMLRMXLMSPTPSYSoXLMxXORJMQRYROJSPKQXLMZRWXMKOYSNXMXVMRZOS\
B143B/18715;/AEA;25;I/95;A/9A=24D41AC/25=2A/7/0<912A/6;54/A/:34bA/=A/
;1=>6054/9ABA/=A/E06450?/dG3BE0A;h
8/9AB34/3/A/b3b34//=393;;D41A;?
*14/3/9cA454/], /E5423/85/:185
_ A=254/b41=a638A;/3/83;BA=2D\0A;/) /B612A/A/B3=1=A?
i"D/21=c5/A6:18A/a63/E05=254/3/9A0c34/H31e^A/=^A/)/245b5\
0cA?k/}540A;/A:1=5/5:509=21~/}A6/) ~
jA=9A485/=A/;1=>6054/A/:34bA/96eA/;6e312A/
7/6B5/A45]^Ah
.1=85/H5025//9ABE454/A;/95423;?
4381958A////////////@6e312A/84591A=50
d;25;/;^A/435018583;/a63/=^A/5815=25/3;9A=834?
@6e312A/83/5815=25h/3;9A=834/a63/}5;/435018583;~
j8/:34bA/9A=9A485/=A/;1=>6054/9AB/A/;6e31\
2A/9A0321:A/=A/;1=>6054?/dG3BE0A;h
./B60218^A/]/5B35]5;?
8/3G74912A/8A;/50158A;/ l/=A/;60/85/(2D015?
/B5/e6=25/83/bA1;/A/562ABf:30/8A/52A0314A?
/B/b0A9A/83/HA013;/ )/A/93=24A/85/918583?
@3/A/9A0321:A/:134/;3>618A/83/;6b;25=21:A/E06450/a63/A/3;E3\
USTVRMRMKPYRURQROMKXMoRO|XnMRLYRMZXQROpMSOMZKOKMXMZWVOKWnMVKPQXM
;3/a634/;5013=254/=^A/5/5]^A/8A/9A=e6=2AC/B5;/5/8A;/1=81:<86A;C/
3H3265=8A\;3/6B5/9A=9A48=915/=^A/>45B521950C/B5;/183A0f>195h
i/B5/>45=83/B60218^A/83/9415=]5;C/83/:30cA;C/83/B60c343;/
/=5/95:34=5???k/}.03G5=843/349605=A~
i/B5/>45=83/:545/83/EA49A;/a63/;3/] /83/3;95=210c^A/
=A/B54???k/}5B10A/5;230A/245=9A~
i*39A=c3936/a63/345/6B/E54/83/b3;A64A;/a63/, l /=A/
54?k/}_ 59c58A/83/.;;1;~
i5:15/=5//=1^A/6B/>46EA/83/B3=1=A;/a63/ /3;;3/
81:3421B3=2A/9AB/6B5/E3421=D915/58B14D:30?k/}540A;/A:1=5/5\
:509=21~
44@3=8A/A/;6e31\
2A/6B5/85;/3GE43;;3;/a65=212521:5;/
C/329?C/;3>6185/83/;6b;25=21:A/A6/
E4A=AB3/=A/E06450C/A/:34bAC/a65=8A/EA;EA;2A/5A/;6e312AC/EA83/14/
E545/A/;1=>6054/A6/E545/A/E06450C/9A=HA4B3/;3/a63145/3H32654/6B5/
9A=9A48=915/3;24125B3=23/>45B521950/}9AB/A/9A0321:A/;1=>6054~/A6/
6B5/9A=9A48=915/3=HD2195C/3GE43;;1:5C/9AB/5/18715/83/E0645018583/
;6>34185/E30A/;6e312A?/dG3BE0A;h
./B51A4/E5423/8A;/1=8<>3=5;/) /A;/E5e7;?k/}F10b342A/
43143~
i./B51A4/E5423/8A;/8A18A;/501/B3218A;//3B/;36/E34H312A/
e6<`A?k/}_ 59c58A/83/.;;1;~
i./B51A4/E5423/85;/E3;;A5;/ /6B5/;AE5C/6B/E452A/83/
954=3/3/6B/E452A/83/03>6B3;?k/}*5B50cA/8421>^A~
i./B51A4/E5423/8A;/=AB3;/ /;34/3BE43>58A;/3B/;3=218A/
QRTPSQXMXVMRJMLRPYSQXMSPQRTPSQXqZM[ pOSXM`KOORYX
g65=8A/A/:34bA/E439383/A/;6e312AC/9ABA/=A;/8A1;/021BA;/
3G3BE0A;C/5/9A=9A48=915/;3/3H3265/=A/;1=>6054?/ABA/;3/:F/8A;/
3G3BE0A;/;6E4591258A;C/5;/865;/9A=9A48=915;/;^A/1>650B3=23/03><\
K

21B5;C/EA4a63/2FB/24581]^A/=5/0<=>65?/5b3/5/a63B/H505/A6/3;943:3/
3;9A0c34/5/a63/e60>54/B51;/583a6585/ /;1265]^A?/A83\;3C/EA425=2AC/
=A/95;A/3B/HA9AC/6;54/A/:34bA/=A/E06450C/3H3265=8A/5/9A=9A48=915/
=^A/9AB/5/HA4B5/>45B521950/85;/E505:45;C/B5;/9AB/5/18315/83/E06\
45018583/a63/305;/3=93445B/3/;6>343B/ /=A;;5/B3=23?/d;;5/
UV/7/b3B/B51;/3GE43;;1:5/a63/5/>45B521950C/9ABA/
;3/EA83/E3493b34/4303=8A/5;/H45;3;/912585;/83/_ 59c58A/83/.;;1;C/
*5B50cA/8421>^AC/8=81=5/3443145/3/.64701A/2654a63/83/A05=85C/
3/9A23e5=8A\5;/9AB/5;/8A;/562A43;/a63/6;545B/A/:34bA/=A/;1=>6054?
j4jj8/;6e312A/;3=8A/6B5/83;;5;/
3GE43;;3;C/A/:34bA/9A=9A485C/83/E43H34F=915C/=A/E06450?/dG3BE0A;h
i/B/3/A624A/>F=34A/;3/) /5A/9A=c391B3=2A???k/}34\
==1/18583~
i/B/3/A624A/ /83/:30c5;/H5B<015;/8A/jA423?k/}_ 5\
9c58A/83/.;;1;~
/B5/3/A6245/H5B<015/ /}A6~/E543=23;/=A/*1A?
i3EA1;/=3B/6B/=3B/A624A/^ /=A:A/BA21:A/E545/81D\
0A>A?k/}34=5=8A/j5BA45~
jj8/:34bA/9A=9A485/=A/;1=>6054/9AB/A/;6e312A/
h
i*3;EA=81\0c3/a63/6B/A6/A624A/9A054/0c3//b3B?k/}_ 5\
9c58A/83/.;;1;~
i/B5/A6/A6245//854/06>54/5/81;;3=21B3=2A;?k/}_ 59c58A/
83/.;;1;~
i@3BE43/23B/6B/A6/A624A/a63/)/85=8A/6B/:1=27B?k/}*5a630/
83/g6314f;~
U7j4jU7jg65=8AC/3B/A45]3;/58e321:5;/
43;24121:5;C/A/E4A=AB3//:3B/5=2393818A/83//A6/3GE43;\
LuXMKPpWXNKnMXMoRO|XMQKMXOKtuXMKQJRYSoKMwRSXPKLRnMRJMORNOKnMPXM
E06450h
i8/E4<=91E3/HA1/6B/8A;/a63/ /B51;/938A?k/}.03\
G5=843/349605=A~
i./b54A=3;5/345/6B5/85;/E3;;A5;/a63/B51;/ /83/
=f;?k/}_ 59c58A/83/.;;1;~
i.43236/85/5E58f915/345/6B/8A;/B612A;/B7819A;/>43>A;/a63/
)) /3B/*AB5?k/}_ A594/@90154~
d03/7/83;;3;/9c54052^3;/a63/
/5/943=8193/c6B5=5?
d;;5/7/5/9A=9A48=915/0f>195C/>3450B3=23/E43H34185/E30A;/3;\
9412A43;/BA834=A;?/yA85:15C/=^A/7/E4D2195/9A=83=D:30/H6>14/5A/41>A4/
85/0f>195/>45B521950/3/6;54/A/:34bA/85/A45]^A/58e321:5/=A/;1=>6054/
}H5`3=8A\A/9A=9A4854/9AB/5/E505:45/~C/a65=8A/;3/83;3e5/83;25\
954/A/1=81:<86A/8A/>46EAC/85=8A\;3/5/3=23=834/a63/303/;Ab43;;516/
A6/;Ab43;;51/5A;/83B51;h
d03/7/6B/83;;3;/E545;125;/a63/))/ /96;25/8A;/A624A;?
iA1/6B/8A;/EA69A;/8A/;36/23BEA/a63/^/5/A41>1=501\
8583/3/1BEA42=915/85/0123452645/b45;103145?k/}"A^A/*1b314A~
D/>45BD2195;/a63/9A=83=5B/250/9A=9A48=915?/A4/9A34F=915C/
83:3415B/9A=83=54/25Bb7B/5/9AB6B3=23/593125/3B/9A=;246]3;/
5=A4B51;/8A/21EAh/g651;/83/:f;//1;3=2A;/83/960E5'/g65=2A;/83/
=f;/ MUXJZWRYKJRPYRMxRWSmRL%M5MoRO|XMTUKMX|OSNKYXOSKJRPYRM
=A/;1=>6054/a65=8A/;3/5E0195/5E3=5;/5A/1=81:<86A/83/a63/;3/H505C/
9ABA/=A/3G3BE0Ah
"514A/7/6B/8A;/B36;/3BE43>58A;/a63/=^A/0/034?/}"514A/7/A/
=19A/3BE43>58A/a63/=^A/;5b3/034?~

012345
*3;;5023\;3/EA47BC/a63/=3;;3/95;A/7/E43H34<:30/9A=;24614/5/H45\
;3/83/A624A/BA8Ah
"514A/7/6B/3BE43>58A/B36/a63/=^A/;5b3/034?
A;/B36;/3BE43>58A;C/;f/"514A/=^A/;5b3/034?
j5/01=>65>3B/96025/HA4B50C/5A/3BE43>54/5;/3GE43;;3;/3B/
HA9AC/A/B51;/5934258A/7/6;54/=A/E06450/A/:34bA/85/A45]^A/58e321:5h
8/"5E^A/7/6B/8A;/E5<;3;/a63/B51;/) /3B/239=A0A>15?
F5=8c1/HA1/6B/8A;/a63/B51;/
/E305/E5`?
8/;342^A/93543=;3/7/6B5/85;/D435;/a63/B51;/ /9AB/5;/
;395;?
34D9012A/HA1/6B/8A;/3BE43;D41A;/a63/ /;6E3454/
5/941;3?
dBbA45/A/95;A/;3e5/81H343=23C/7/AEA426=A/03Bb454/a63C/=5;/A45\
]3;/58e321:5;/3GE019521:5;C/=5;/a651;/A/E4A=AB3//7/;3E5458A/83/
;36/5=239383=23/EA4/E56;5/3/:<4>605C/5/9A=9A48=915/7/83234B1=585/
E30A/;3=218A/85/H45;3h
/B/8A;/B3=1=A;C/a63/)/;3=258A/ /EA425/85/95;5C/HA1/9c5\
B54/A/E51?/}@f/6B/B3=1=A/3;25:5/;3=258A?~
/B/8A;/91=9A/cAB3=;C/a63/ / a6305/93=5/3;26E3H52A;C/
;A02A6/6B/>412A/83/E4A23;2A?/}yA8A;/A;/91=9A/cAB3=;/5;;1;215B/ /
93=5?~
* Uj8/:34bA/9A=9A485C/3B/43>45C/=A/;1=>6054?/8/E06\
450/;34D/83/41>A4/;3/A/:34bA/3GE41B14/4391E4A918583C/A6/;3/A/=6B3450/
HA4/;6E341A4/5/6B?/dG3BE0A;h
_ 51;/83/6B/3G964;1A=1;25/eD//5/:185/=3;25/BA=25=c5?
_ 51;/83/6B/8A;/91496=;25=23;/;3/
 /9AB/3;E5=2A?
6) /234/H6>18A/B51;/83/:1=23/E43;A;?
6jUUkjUU@3=8A/A/;6e312A/6B/8A;/E4A=A\
B3;/1=2344A>521:A;/'/%M5VMVJMQXLMSPQRTPSQXLM
C/329?C/;3>618A;/8A;/E4A=AB3;//A6/C/A/:34bA/
9A=9A4854DC/EA4/5245]^AC/9AB/3;23;/021BA;C/A6C/A/a63/7/B51;/0f>1\
9AC/=5/q/E3;;A5/8A/E06450h
ig65=2A;/83=243/=f;/5/^ 'k/}*A>741A/7;54/
34a63145~
ig651;/83/:f;/C/9AB A/36C/83;234458A;???'k/}.03G5=843/
349605=A~
i???a65=2A;/83=243/:f;/ /9A=;913=91A;5B3=23/A/E5;;5\
8A'k/}"A;7/83/.03=954~
.0>6=;/83/=f;/) /}A6/) ~/83/0A=>3?
3LYKPQXMXMZOXPXJRMPXMLSPNVWKOnMPXMLSPNVWKOMdWMZRLLXKMTUKOpM
A/:34bAh
g650/83/:f;/ /A/H52A'
j3=c6B5/83/=f;/5/^?
j3=c6B/83/:f;/5/)'
g650/83/=f;/
/E41B314A'
U7j47j4UjU8/:34bA/9A=9A4854DC/
3B/43>45C/=5/q/E3;;A5C/9AB/A;/E4A=AB3;//3/C/3B/H45;3;/
9ABA/3;25;h
@A6/36/a63B//E30A;/B36;/52A;?
@ABA;/=f;/a63B/
)/A/E43e6<`A?
d45B/305;/a63B/],/5/01BE3`5/85/95;5?
id45;/26/a63B//A/8AB/83/3=95=254\B3?k/}8;B^/!1=;~
c

rXQKoSKnMKMWSPNVKNRJMRPxpYSUKMJVLYSTUKMKMUXPUXOQPUSKMUXJMXM
;6e312A/85/A45]^A/E41=91E50h
i@A6//a63B//5A;/976;/5/23445?k/}FA=]50:3;/15;~
ij^A/;A6//a63B//5/E34;E3921:5/3=9A0c185?k/}*19548A/
*5BA;~
i7;//a63B//H43;9A4/ /B5=;5/b41;5?k/}FA=]50:3;/15;~
iX/;ABA;/A;/>503>A;/a63/
) /5/b544195?k/}5B10A/5;\
230A/245=9A~
./9A=9A48=915/8A/:34bA/E4393818A/8A/E4A=AB3/430521:A//
H54\;3\D/Ab41>52A415B3=23/9AB/A/;6e312A/8A/:34bA/};34~/85/A45]^A/
E41=91E50C/3B/H45;3;/8A/21EAh
@A6//a63/?
7;//a63/)/9A=A;9A'
@ABA;//a63/,^ ?
d45B/
/a63/B51;/  ?
dB/9A=;246]3;/83;;3/21EAC/7/0<912A/9A=;183454/A/:34bA//3/5/
E505:45/9ABA/303B3=2A;/3GE0321:A;/A6/3=H521`5=23;C/EA425=2A/
=^A/=393;;D41A;/5A/3=6=9158A?/.;;1Bh
/36//E5>A?/}d6/E5>A~
/=f;//9A`1=c5BA;?/}jf;/9A`1=c5BA;~
x /A;/bABb314A;//5/;50:545B?/}/8;/bABb314A;/5/;50\
:545B?~
@3e5/a650/HA4/5/1=234E4325]^AC/A/1BEA425=23/7/;5b34/a63C/=3;23/
95;AC/25=2A/A/:34bA//9ABA/A/A624A/83:3B/9A=9A4854/9AB/A/E4A\
=AB3/A6/;6b;25=21:A/a63/E439383/5/E505:45/?
3UU8;/E4A=A\
JRLMQRMYOKYKJRPYXMRSNRJMXMoRO|XMPKMdWMZRLLXKnMRJ|XOKMLRMORTOKMNM
a/E3;;A5/8A/81;964;Ah
zA;;5/dG930F=915//9AB/BA8345]^A?
zA;;5;/dG930F=915;/=^A/-/;648A;/ /:A`/8A/EA:A?
id;E34A/a63/z?@?/=^A/B3//B50?k/}5B10A/5;230A/245=9A~
izA;;5/_ 5e3;2583/=^A//9A=;3=214/a63/A;/2A64A;/0c3/B523B/
A/23BEA/3/A;/:5;;50A;?k/}*3b30A/85/@10:5~
3UUjUUUj
342A;/;6b;25=21:A;/E4fE41A;/83/HA4B5/E06450C/9ABA/Y
<Z'C/329?C/03:5B/A/:34bA/E545/A/E06450/
a65=8A/;3/6;5B/9AB/A/5421>AI/95;A/9A=24D41AC/A/:34bA/9A=9A485/=A/
;1=>6054?
i8;/d;258A;//=18A;//A/E5<;/B51;/419A/8A/B6=8A?k/}d8654\
8A/458A~
8;/.=83;/ /85/z3=3`6305/ /y3445/8A/A>A?
i8;/!6;<585;k/ , /!6<;/83/5B3;?
5BE1=5;/^/83/234/;18A/A/b34]A/83/540A;/FAB3;?
y4525=8A\;3/83/2<260A;/83/Ab45;C/7/9AB6B/831G54/A/:34bA/=A/
;1=>6054C/;Ab43268A/9AB/A/:34bA//;3>618A/83/E43819521:A/=A/;1=\
>6054h
ix8P<8/A/2<260A/85/=A:305?k/}*3b30A/85/@10:5~
i1
[5 /90545B3=23/A/cAB3B/a63/3G1;23/EA4/83\
24D;/8A/B5>A?k/}560A/A30cA~
i\/6B/3=;51A/;A91A0f>19A/3/c1;2f419A???k/}30;A/
!6H2~
./9A=9A48=915C/=3;23/95;AC/=^A/7/>45B521950C/B5;/C/
EA4a63/;3/3H3265/=^A/9AB/5/E505:45/}z50&<415;C/@3423;C/7415;/83/
d0\*31~C/B5;/9AB/5//EA4/305/;6>34185/}Ab45/A6/01:4A~?/*3;;5023\
\;3C/EA47BC/a63/7/25Bb7B/9A4432A/6;54/A/:34bA/=A/E06450h

012345
1
[5 /90545B3=23/A/cAB3B???
i\/6B/01:4A/83/91F=915/3/83/E51G^AC/83/5=D01;3/3/
83/E4A23;2A?k/}.0H438A/2A;1~
3UUg65=8A/5E5;;1:58A/E30A/
E4A=AB3/5E5;;1:58A4/C/A/:34bA/9A=9A4854D/=A4B50B3=23/9AB/A/
;6e312Ah
19/5/95;5/3/  /8A1;/5E5425B3=2A;?
9/B10c3;C/;3B/a63/) /43;60258A;/9A=943\
2A;?
i 9/5;/9A421=5;/85/241b6=5/4350?k/}*3b30A/85/@10:5~
i) 9/5;/5;E5;C/945:5:5B\;3/E43>A;/=393;;D\
41A;/ /;3>645=]5/8A;/EA;23;???k/}5B10A/5;230A/245=9A~
j5/0123452645/BA834=5/cD/3G3BE0A;/3B/9A=24D41AC/B5;/a63/=^A/
83:3B/;34/;3>618A;h
i19MLRSLURPYXLMUXPoSYRLMRMKVSWXMTUKoKMUvRSXqZM]SUKO\
8A/*5BA;~
idB/541;/cD/9A1;5;/a63/=^A//b3B?k/}*6b3B/245>5~
j5;/0A96]3;/:34b51;/HA4B585;/9AB/A;/:34bA;/56G101543;/
/3/C/=5/:A`/E5;;1:5/;1=272195C/A/:34bA/56G10154/9A=9A4854D/
9AB/A/;6e312A?/dG3BE0A;h
j^A/ /9A4254/3;;5;/D4:A43;?/};6e312Ah/D4:A43;I/0A96]^A/
:34b50h/EA83B/9A4254~
6) 9/034/bA=;/01:4A;?/}3:3B/;34/018A;/bA=;/01:4A;~/};6\
e312Ah/01:4A;I/0A96]^A/:34b50h/83:3B\;3/034~
ij3B/83/A6245/HA4B5/ /1B5>1=54/H5]5=c5;/B3\
BA4D:31;/9ABA/5/8A/H5b60A;A/.031GA/F54915?k/}@74>1A/2654a63/83/
A05=85~
idB/@5=2547B/cD/EA695;/95;5;/E5421960543;/a63/ /
81`34/:348583145B3=23/5=21>5;?k/}.0B3185/F544322~

8b;34:5]3;h
MrKJ|[JMTUKMSPoKOSpoRWMPKMdWMZRLLXKMQXMLSPNVWKOMXMoRO|XMVRM
HA4B5/0A96]^A/9AB/A;/:34bA;/1BE3;;A51;//A6/h
6)/c5:34/91=9A/5=A;/a63/A9A4436/A/1=9F=81A?
1/c5:34/>45=83;/H3;25;?
:/83/c5:34C/;3B/8:185C/HA42<;;1B5;/45`3;/E545/303/=^A/5931\
254/A/954>A?
5/c5:34/5b6;A;/=5/=A:5/58B1=1;245]^A?
\/A/:34bA/nMPXMLRPYSQXMTNVOKQXM|MUKSOMXVMLX|ORoSOMRJM
>45=83/a65=218583~C/831G5/83/;34/1BE3;;A50/3C/EA425=2A/9A=9A4854D/
9AB/A/;6e312Ah
) MZ[YKWKLMQRMwXORLq
i@A6/5a6303/;Ab43/a63B/B51;/2 ^/30A>1A;/3/815241\
b3;?k/}540A;/83/!532~
i) /9AB3=2D41A;/3/E50E123;?k/}540A;/46BBA=8/83/
.=84583~
id/=3B/0D/}=5/!65~/^ /B323A412A;C/E34B5=3=23B3=23?k/
}*5a630/83/g6314f;~
\/j5/0<=>65/EAE6054/b45;103145/7/>3=34501`58A/A/6;A/83/C/
1BE3;;A50C/EA4/8?/j3B/H5025B/3G3BE0A;/3B/3;9412A43;/
BA834=A;h
ijA/93=24A/8A/ED21A/ MVJKMTNVRSOKMoRWvsLLSJKnMUXJMVJM
b5=9A/3Bb51GA?k/}"A;7/F34508A/z13145~
i@A6b3/a63/ /6B/95:50A/BA42AC/=A/a61=250?k/}540A;/46B\
BA=8/83/.=84583~
d;;3/3BE43>A/8A/:34bA/234C/1BE3;;A50C/=^A/7/3;245=cA/5A/EA4\
26>6F;/364AE36h/i7/:348583?/ /815;/a63/;51/5A/4ABE34/83/50:5/
3/439A0c3/5025/=A123C/43;EA=836/.=>305?k/}5B10A/5;230A/245=9A~/
}y3B//D~

d=24325=2AC/EA83\;3/9A=;183454/;6e312A/8A/:34bA/E41=91E50/5/
XOKtuXMSPSUSKQKMZRWXMSPTPSYSoXMRnMPRLLRMUKLXnMPuXMvpMWXUVtuXMoRO|KWM
3/A/:34bA/56G10154/9A=9A4854D/=A/;1=>6054?/.;;1Bh
j^A//9A4254/3;;5;/D4:A43;?/};6e312Ah/9A4254/3;;5;/D4:A\
43;I/E4381958Ah/=^A/;3/EA83~
6)9/034/bA=;/01:4A;?/};6e312Ah/034/bA=;/01:4A;I/E4381958Ah/
83:3\;3~

3U8/:34bA/83/01>5]^A/9A=9A4\
85/9AB/A/E43819521:A/=A;/;3>61=23;/95;A;h

dB/;<=23;3h/83/59A48A/9AB/5/1=234E4325]^A/a63/;3/3;9A0c34C/
25=2A/7/0<912A/6;54/A/:34bA/56G10154/=A/;1=>6054/9ABA/=A/E06450?/
A425=2Ah
j^A/ /}A6/~/9A4254/3;;5;/D4:A43;?
6) 9/}A6/)9~/034/bA=;/01:4A;?
ig65=8A/;3/eA>5C/)9/5931254/5;/43>45;?k/}!38A/(:A~
iA=906A/a63/=^A/) /5bA014/5;/0A23415;?k/}_ 59c58A/83/
.;;1;~

S7

iy68A/ /c1Ef23;3;?k/}!38A/(:A~
iy68A/1;2A/ /;1=2AB5;/>45:3;?k/}_ 59c58A/83/.;;1;~
j5/BA918583/268A//3;E345=]5;?
ij^AC/=3B/268A//83;;3B30c5=]5;/3/9A=245;23;/3=243/245;10/
3/d;258A;//=18A;?k/}z15=5/_ AA>~

UUUU8;/:34bA;//}=5/1=8195]^A/8A/
23BEA~C//}=5/1=8195]^A/83/cA45;~C//3/A624A;/a63/
3GE41B3B/H3=B3=A;/B323A4A0f>19A;C/a65=8A/6;58A;/9ABA/1B\
ZRLLXKSLnMTUKJMPKMdWMZRLLXKMQXMLSPNVWKO
ij^A/)/501/:1`1=cA;/=5a6303/83;342A?k/}_ A=2314A/!Ab52A~
i:/eD/8A1;/5=A;/a63/=A;/=^A/:<5BA;?k/}_ 59c58A/83/.;;1;~
i.a61/],/:343;/2344<:31;?k/}5B10A/5;230A/245=9A~
ix,/cAe3/5A/9342A/8A1;/B3;3;/a63/BA4436/=5/HA495/A/250/B50\
:58A???k/}5B10A/5;230A/245=9A~

./9A=9A48=915/9AB/A/;6e312AC/3BbA45/B3=A;/9AB6BC/7/25B\
b7B/0<9125h
HrVQXM[MwXORLMPXMZORLRPYRqZMXPtKWoRLM0SKL
i8/a63/83/B1B/EA;;A/AH343934\0c3/7/3;E1=cA;/85/B1=c5/9A\
4A5?k/}5B10A/5;230A/245=9A~

\/Y8/=^A/7/:34bA/1BE3;;A50?/A425=2Ah
j3;25/918583/ /}/3/=^A/3G1;23~/bA=;/B7819A;?
j^A/) /}3/=^A/83:15~/3G1;214/9415=]5;/5b5=8A=585;?

5MoRO|XMLROMTUKMPXMLSPNVWKOMVKPQXMXMZORQSUKYSoXM[MxXOJKQXM
83/8A1;/=903A;/=A/;1=>6054h
iy68A/A/B51;/7/;A038583/3/;10F=91A?k/}3443145/83/5;24A~

012345
iAe3/7/;31;/83/B54]A?k/}"?/_ 52A;A/B545/"4?~/}Ae3/7/815/
;31;/83/B54]A?~
iAe3/7/83`/83/e5=314A?k/}30;A/!6H2~

S7

i./95B5//6B5;/E50c5;?k/}5B10A/5;230A/245=9A~
i./956;5/ /A;/;36;/E4Ae32A;?k/}_ 59c58A/83/.;;1;~
iz185/83/945a63/=^A//4A;5;?k/}*5a630/83/g6314f;~
@65/;50:5]^A/ /5a6305;/34:5;?
8/;6e312A/;3=8A/=AB3/83/E3;;A5C/9AB/303/9A=9A4854D/A/:34bA/;34h
dB<015/7/A;/3=95=2A;/83/;65/5:f?
.b<01A//;f/E4Ab03B5;?
D\;3/25Bb7B/5/9A=9A48=915/=A/;1=>6054/9AB/A/;6e312A/a63h
id4>A\B3/cAe3/E545/3;943:34/B51;/6B5/ED>1=5/=3;23/1D41A/
/b43:3//91=`5;/9ABA/36?k/}5B10A/5;230A/245=9A~
S78

i./B51A415/ /45E5`3;?k/}.=<b50/_ 59c58A~

./B51A4/E5423/ /H5B<015;/EAb43;?
8/43;2A/}A6/A/B51;~//245;23;/:30cA;?
i./B51A4/E5423/83;;5/B60218^A//B3=81>A;?k/}d]5/83/g6314f;~
S7
7
i8/245;10C/;3=cA43;C//:f;?k/}*61/254bA;5~
ij5;/B1=c5;/23445;/A/431//36?k/}.03G5=843/349605=A~
i8/8A=A/85/H5`3=85//26?k/}@518/.01~
i???B5;/5/B1=c5/41a63`5//26?k/}5B10A/5;230A/245=9A~
_ 5;h/d6/=^A//303?/zf;/=^A//303;?/y6/=^A/7;/303?
S7

1:3421B3=2A;/7/A/a63/=^A/0c3/H5025?
i8;/b5;218A43;/7/;f/A/a63/B3/2A95?k/}A44315/F54]^A~
i_ 3=2145;C//a63/B3/E3815BC/;3BE43/B3=2145;?k/}/34=5=\
8A/j5BA45~
i8;/43;EA=;f41A;/3/A;/;1=A;/7/9A1;5/1BEA426=5/3B/y1b^3;?k/
}5B10A/5;230A/245=9A~
^_`aJaJaJaJa
7@8
@
i@31;/5=A;//B612A?k/}5B10A/5;230A/245=9A~
A1;/B10/8f0543;/7/EA69A?
1=9A/B10/8f0543;//a65=2A/b5;25:5/E545/5/:15>3B?
0XmRMJRYOXLMQRMTXM[MQRJKSLq
^_bJJa
8
bJc
6/6B5/cA45/85/25483?
i6/cA45/3/B315C/HA1/E4/A/9c5E76?k/}d]5/83/g6314f;~
i /;31;/3/B315/85/25483?k/}/*5a630/83/g6314f;~
i6 /865;/cA45;/85/25483?k/}_ 59c58A/83/.;;1;~
8b;34:5]3;h
^d^JVVJR
7'
}

Y8

i6 /E342A/83/A12A/cA45;?k/}_ 59c58A/83/.;;1;~
i6/E342A/83/865;/cA45;/a65=8A/;516/85/e5=305?k/}_ 59c58A/
83/.;;1;~
i???E342A/85;/91=9A/a65=8A/;5<?k/}d]5/83/g6314f;~
^eJIbJfg
g65=8A/A/243B/9c3>A6C/)85;/;323/
cA45;?
hj7j8/:34bA//E34B5=393/1=:541D:30/
=5/3GE43;;^A/3GE0321:5/A6/83/435093/7/a63h
d6/7/a63/B5=23=cA/5/A483B/5a61?/}//36/a63/B5=23=cA/5/
A483B/5a61?~
jf;/7/a63/245b50cD:5BA;?/}/745BA;/=f;/a63/245b50cD:5BA;~
.;/B^3;/7/a63/83:3B/3869D\0A;?/}//5;/B^3;/a63/83:3B/
3869D\0A;?~
8;/5;24A;/7/a63/A;/>615:5B?/}/Y/A;/5;24A;/a63/A;/>615:5B?~
5/B3;B5/HA4B5/;3/81`C/9AB/F=H5;3h
izA9F;/;^A/B612A/7/5243:18A;?k/}*5a630/83/g6314f;~
i@3=215//:A=2583/83/14/25Bb7B/;3=254\B3/=6B5/9583145/
e6=2A/8A/E509A?k/}F4591015=A/*5BA;~
iA4/a63///303/6;5:5/9c5E76/;3B/5b5'k/}F4591015=A/*5BA;~
8b;34:5]^Ah/8/:34bA/;34/7/1BE3;;A50/3/1=:541D:30/3B/9A=;246\
]3;/3=HD2195;/9ABAh
6/5a61/A=83/;3/5]A125:5B/A;/3;945:A;?/}/.a61/;3/5]A125:5B/
A;/3;945:A;?~
x/3=2^A/a63/A;/8A1;/;3/83;3=23=8345B?/}/d=2^A/A;/8A1;/;3/
83;3=23=8345B?~
RjiA4/24581]^AC/B5=27B\;3/1=:541D:30/5/3GE43;\
;^A/1=19150/83/c1;2f415;/C/51=85/a65=8A/;3>6185/83/;6b;\
25=21:A/E06450h/6/6B5/:3`/8A1;/95:50314A;/5=85=23;?
U7/>3450B3=23/9A=;1834585/0A96]^A/1=:541D:30C/
3a61:503=23/5/8?/dG3BE0A;h
j585/43;2A6/8A/381H<91AC//3;9ABb4A;?
/50>6=;/E3;958A43;C/=1=>67B/9A=c3915/5a6305/E4515?
ij6=95/E3=;545/=A/a63/EA815/;514/8A/E5E30/3/8A/0DE1;C/
/bA=39A;/;3B/E3;9A]A???k/}540A;/46BBA=8/83/.=84583~
_ 5;/=^A/9A=;21261/344A/6;54/A/:34bA//=A/E06450C/H5`3=8A\A/
9A=9A4854/9AB/A/;6b;25=21:A/;3>61=23C/9A=:34218A/3B/;6e312A/85/
XOKtuXMSPTPSYSoKqM3RJZWXL
i.;/81;;1E5]3;/=^A/E4A86`3B/=585C/ /8<:185;/3/
83;>A;2A;?k/}_ 59c58A/83/.;;1;~
i /A;/5=21>A;/9ABE5=c314A;/83/BA918583C/=1=\
>67B/A/24525:5/E30A/=AB3/E4fE41A?k/}"0:54A/!1=;~
i /A;/94<219A;/3/346812A;C/EA695/>3=23/B5=6;315/
cAe3???/5a6305/Ab45?k/}!521=A/A30cA~

012345
+U./3GE43;;^A/9A44325/7/c5e5/:1;25C/3/=^A/c5e5/:1;2A?/
A83/;34/9A=;246<85/83/24F;/BA8A;h
tvw@Q
vw@Q8
vw@Q

./E41B3145/9A=;246]^A/}a63/7/5/B51;/0f>195~/5=501;5\;3/83;23/
BA8A?
@6e312Ah/A;/01:4A;I/:34bA/c5e5B/}23=c5B~I/Abe32A/81432Ah/:1;25?
./;1265]^A/7/E43A96E5=23I/c5e5B/:1;25/A;/1=9183=23;/83/;Db58A?
@3>6185/83/;6b;25=21:A/}A6/E4A=AB3~/;1=>6054C/5/3GE43;;^AC/
3:183=23B3=23C/E34B5=393/1=:541D:30h/./;1265]^A/7/E43A96E5=23I/
c5e5/:1;25/A/1=9183=23/83/;Db58A?
* j/3//6;5B\;3/3B/H45\
;3;/AE2521:5;/3/1BE439521:5;C/43;E3921:5B3=23?/8/:34bA/9A=9A4854D/
=A4B50B3=23/9AB/A/;6e312AC/a63/:3B/;3BE43/EA;EA;2Ah
i /@65/_ 5e3;2583k/}5B10A/5;230A/245=9A~
 /A;/E4ABA:38A43;/83;;5/95BE5=c5
i
 /5;/83;>45]5;/85/B1=c5/:185???k/}5B10A/5;230A/
245=9A~
3UU4U*3H341=8A\;3/
;/cA45;C/A;/24F;/:34bA;/591B5/9A=9A485B/43>6054B3=23/9AB/A/;6\
e312AC/a63/EA83/;34//}9054A/A6/A9602A~C/A6/
h
ij1;2AC//24F;/cA45;/A/430f>1A/85/bA2195?k/}5B10A/5;230A/
245=9A~
i /a6524A/85/B5=c^/3B/24F;/2A443;/5/6B/23BEA???k/
}_ D41A/254432A~
i 0/a6524A/cA45;/=A/9542f41A/8A/25b301^A/z5`/j6\
=3;?k/}_ 59c58A/83/.;;1;~
i6/6B5/3/B315?k/}@518/.01~
(C/9AB/43H34F=915/5/cA45;C/=A/;3=218A/83/C/7/
oRO|XMSJZRLLXKWnMZXOMSLLXMTUKMPKMdWMZRLLXKMQXMLSPNVWKOMDVKPQXM
9c3>5BA;/5A/534AEA42AC/)/85;/Dg/cA45;I/z5BA;C/eD//
QKLMXSYXMvXOKLMMMQSLLRMRWKMKXMTWvXq
3dB/9A=;246]3;/9AB/A/
:34bA/MLRNVSQXMQRMSPTPSYSoXnMZXQRLRMwRSXPKOMXMoRO|XM
MXVMXMSPTPSYSoXMVRMXMKUXJZKPvK
.;/E54383;/ / ?/}9A=;246]^A/9A443=23~
.;/E54383;//  ?/}9A=;246]^A/01234D415~

i8624A;C/83/5E54F=915/595b581]5C//a63/=^A/EA815B/
9AB/5/3=G585?k/}"A;7/.B7419A~
i.;/=A2<915;//a63/2FB/5;5;?k/}82A/!545/*3;3=83~/}(;2A/
7h/\/a63/5;/=A2<915;/2FB/5;5;?~
3LLKMQVKWSQKQRMQRMLSPYKRMoROSTUKLRMYKJ|[JMUXJMXMoRO|XM/
=5/:A`/E5;;1:5h/i1 9/B60c343;/3/9415=]5;?k/86/i19
9 /B60c343;/3/9415=]5;?k
3Uj8/:34bA/96eA/;6e312A/
7/6B5/A45]^A/9A=9A485/Ab41>52A415B3=23/=5/q/E3;;A5/8A/;1=>6054h
\/a63/A;/8A1;/cAB3=;/3;25:5B/bFb38A;?
z34bA////////////////////////;6e312A/}A45]^A/;6be321:5~
x//854/A;/021BA;/432Aa63;?
z34bA/////////////;6e312A/}A45]^A/;6be321:5~
8624A;/3G3BE0A;C/9AB/A/;6e312A/A4591A=50/3B/83;25a63h
j^A/B3/1=2343;;5/)/3;;5;/
?
.=A231/A;/01:4A;//H5025:5/?/}
)/58a61414/A;/
01:4A;~
6C/1BEA425/}A6/9A=:7B~/=^A/92?
@^A/:1D:31;/5;/43HA4B5;/;3/1=23=25/
'
3Uj8/E4A=AB3/C/
EA83/H6=91A=54/9ABA/<=8193/83/1=83234B1=5]^A/8A/;6e312A?/j3;;3/
95;AC/A/:34bA/9A=9A485/Ab41>52A415B3=23/=5/q/E3;;A5/8A/;1=>6054?/
dG3BE0A;I
dB/95;5C//B51;/ /:A=2583?
69/}3/=^A/8323;25B\;3~/5A;/1=81:<86A;/H50;A;?
l/83/:3`/9AB/3;;3;/5b6;A;
545/14/83/@^A/560A/5/64121b5C/
))9/8A`3/cA45;?
3UjU4
d;23;/;6b;25=21:A;/=6B7419A;C/a65=8A/;3>618A;/83/;6b;25=21:A/=A/
E06450C/03:5BC/83/E43H34F=915C/A/:34bA/5A/E06450?/dG3BE0A;h
eJMJSWvuXMQRMT[SLM /3B/E4A91;;^A?
7-/51=85/6B/B10c^A/83/8f0543;/EA4/5=A/E545/5/B5=6\
23=]^A/83/9585/13E?
_ 31A/B10c^A/83/43H6>158A;/ /85/H4A=23145/8A/(4^?
_ 31A/B10c^A/83/E3;;A5;/ / ;/465;/E545/43:343=9154/A;/
BD42143;/85/43;1;2F=915?
8b;34:5]3;h

.=D01;3/85/9A=;246]^A/8A1;h/h/A45]^A/E41=91E50I/5;/E543\
83;/3;243B39345Bh/A45]^A/;6bA481=585/;6b;25=21:5/;6be321:5?
8624A;/3G3BE0A;h
ij34:A;???/a63/ /=A/B1=62A/;3>61=23?k/}34\
=5=8A/j5BA45~
i*3H3416\B3/91496=;2=915;/a63/3 /A/E4A93\
81B3=2A/8A/;Ab345=A?k/}!521=A/A30cA~
i.;/0D>41B5;/3/A;/;A06]A;//=^A/5/ /E4A;;3\
>614?k/}.03G5=843/349605=A~
i???a65=8A/5;/3;24305;C/3B/412BA/BA4A;AC/ ^9
/=A/976?k/}F45]5/.45=c5~

\/) /3//;^A/;6b;25=21:A;/B5;9601=A;?/A4/
1;;AC/83:3B/9A=9A4854/=A/B5;9601=A/A;/5421>A;C/=6B3451;/3/E4A\
=AB3;/a63/A;/E439383Bh/
\/83/E3;;A5;I/ 9

/83/E05=25;I/ ^/83/230c5;I/0
\/83/
94152645;C/329?
\/@3/A/;6e312A/85/A45]^A/HA4/PC/A/E54219<E1A/A6/A/58e321\
:A/EA83B/9A=9A4854C/=A/B5;9601=AC/9AB/PC/A6C/EA4/5245]^AC/
=A/H3B1=1=AC/9AB/A/;6b;25=21:A/H3B1=1=A/E06450h/A1;/B10c3;/83/
;595;/83/;Ae5/3;2^A/501/ ,/}A6/ ,~/=A/E4f\
G1BA/5=A?/A45B/^/24F;/B10c3;/83/;595;/83/241>A?/8;/8A1;/
B10c3;/83/D4:A43;/
/3;2^A/
3/0?

/;5=8A\;3/5/A45]^A/83;3=:A0:185C//9A=9A4854D/=A/;1=\
>6054h
i_ 3;BA/A;/8A3=23;//a63/;^A/B51;/H301`3;?k/}39<015/
_ 314303;~

3jUU3/43>45C/5/9A=\
9A48=915/8A/:34bA/3H3265\;3/9AB/A/=6B3458A4?/dG3BE0A;h
i_ 51;/A6/B3=A;/6B/234]A/8A;/>634410c314A;/52A95158A/
E342A???k/}.6245=/A6458A~

012345
/B/a61=2A/8A;/b3=;/l/5A/B3=1=A?k/}"A;7/F65085/5=25;~
A1;/234]A;/85/EAE605]^A/)) /85/5>419602645?
j^A/=A;/E54393C/3=24325=2AC/1=9A4432A/6;54/A/:34bA/=A/E06450C/
a65=8A/A/=B34A/H4591A=D41AC/;3>618A/83/;6b;25=21:A/=A/E06450C/
23B/A/=6B3458A4/DC/9ABA/=A;/3G3BE0A;h
/B/234]A/85;/BA423;/:1A03=25;/=A/95BEA/ /=A/;60/
8A/54D?
/B/a61=2A/8A;/cAB3=;/ /83/9A4/3;9645?
3jU8/:34bA/83:3/9A=9A4854/
9AB/A/=B34A/3GE43;;A/=5/EA493=25>3Bh
@f/Dk /8A;/30312A43;/0)/83/:A254?
@f/ak /8A;/30312A43;/0) /83/:A254?
x /aEk /85/B525?
i3495/83/fEk /8A/234412f41A/ /5b51GA/83/aEE/B324A;?k/
}.=2=1A/5651;;~
dB/95;A;/9ABA/A/85/021B5/H45;3C/5/9A=9A48=915/3H3265\;3C/
E305/0f>195C/=A/H3B1=1=A/}A123=25/3//3=243/93B/B60c343;~C/A6C/
;3>61=8A/A/6;A/>3450C/=A/B5;9601=AC/EA4/;3/9A=;183454/5/EA493=25\
>3B/6B/9A=e6=2A/=6B7419A/1=:541D:30/3B/>F=34A?
3UUj8/:34bA/
9A=9A485/9AB/A/E4A=AB3/;6b3=23=818A//3B/H45;3;/8A/21EAh
yA8A;/) /E43A96E58A;?/}/yA8A;/ /
E43A96E58A;?~
8;/8A1;/))5 /H301`3;?/}X/8A1;/))5 /H301`3;?~
ix /EA4/5a61C/1=;521;H312A;C/A;/;36;/5B1>A;?k/}540A;/
46BBA=8/83/.=84583~
UUjTUdB/H45;3;/=3>521:5;/3B/a63/
/3a61:503/5/C/3/:3B/;3>618A/83/;6b;25=21:A/
=A/E06450C/9A;26B5\;3/6;54/A/:34bA/=A/E06450C/H5`3=8A\A/9A=9A4854/
9AB/A/;6e312A/A9602A/?/dG3BE0A;h
A/5=21>A/23BE0A/>43>A/=^A/ /;3=^A/46<=5;?/}(;2A/7h/=^A/
 /;3=^A/46<=5;?~
5/:30c5/95;5/=^A/0 /;3=^A/3;9ABb4A;?
i545/A;/058A;/8A/;60/3/EA3=23C/=^A/) /;3=^A/381H<91A;/
a631B58A;?k/}.03G5=843/349605=A~
iA4/2A85/5/E5423/=^A/) /;3=^A/>3B18A;/A6/905BA43;?k/
}*3b30A/85/@10:5~
@3>6=8A/50>6=;/562A43;C/EA83\;3C/3B/251;/H45;3;C/3H32654/5/9A=\
9A48=915/8A/:34bA/=A/;1=>6054/9AB/A/;6e312A/;6b3=23=818A/h
A/5=21>A/23BE0A/>43>A/=^A//;3=^A/46<=5;?/}86/;3e5h/=^A/
C/;3=^A/46<=5;?~
.01/=^A/)/;3=^A/}A6/~/3;9ABb4A;?
.;/865;/1=234E4325]3;/;^A/bA5;C/B5;/;f/5/E41B3145/23B/24581\
]^A/=5/0<=>65?
3UU505:45;/=A/E06\
450/9AB/;3=218A/>45B521950/3/H6=]^A/83/;6e312A/3G1>3B/A/:34bA/=A/
;1=>6054h
id05;k/7/6B/E4A=AB3/E3;;A50?/}/./E505:45/305;/7/6B/E4A=AB3/
E3;;A50?~
j5/E0595/)/i:31960A;kC/;3B/593=2A?
iA=268AC/B34958A43;/=^A/ /5/HA4]5/83/:3=810c3;?k/}_ 5\
9c58A/83/.;;1;~

* U4U8/:34bA/9A=9A485/9AB/A/;6b;25=21:A/a63/
;3/;3>63/5/3;;5;/3GE43;;3;h
_ 51;/83/93B/E3;;A5;/ ;65;/95;5;C/=5/3=9c3=23?
0/B51;/83/6B5/93;25/83/E^3;?
9/B3=A;/83/8A1;/>503;/83/21=25?
_ 3=A;/83/83`/cAB3=;/ /5/9A0c3125/85;/6:5;?
RSTU
ED?/(=81a63/5/AE]^A/9A44325C/=A/a63/;3/43H343/ /9A=9A48=915/
:34b50C/83/59A48A/9AB/5/=A4B5/96025h/
5~/5:15B/B612A;/95=81852A;/3;E345=8A/5/cA45/85/E4A:5?/
b~/cA:36/E385]A;/83/>45=1`A/=5/;3445/>59c5?/
9~/5`/B612A;/5=A;/a63/5/3a61E3/8A/(2Fd/=^A/:3B/5a61?/
8~/25236/24F;/cA45;/a65=8A/A/3=243:1;258A4/9c3>A6?/
3~/61/36/a63/5b416/5/EA425/E545/A/5>3=23/8A/93=;A?
/
Ea?/.;;1=503/5/H45;3/3B/a63/cD//83/9A=9A48=915/:34b50h/
5~//B/A6/A624A/3;945:A/9A=;3>616/5/01b348583?/
b~/j^A/EA83415/c5:34/8:185;/;Ab43/5/=393;;18583/85/1B1>45]^A?/
9~/5`/B51;/83/93B/5=A;/a63/5/!31/"6435/HA1/5;;1=585?/
8~/3:3/3G1;214/E4Ab03B5;/=A;/;36;/8A96B3=2A;?/
3~/cA:345B/E5E71;/E1958A;/=A;/9AB<91A;?
/
Eq?/.;;1=503/5/AE]^A/3B/a63/cD/9A=9A48=915/
5~/./B51A415/8A;/3;2681A;A;/59c5/81H<910/6B5/;A06]^A/E545/A/
E4Ab03B5?
|MMJKSXOSKMQXLMUXPwSYXLMxXOKJMORLXWoSQXLqM
9~/3:3/c5:34/bA=;/BA21:A;/E545/5/;65/4396;5?/
8~/3/95;5/ /3;9A05/7/24F;/a610B324A;?/
3~/j3B/6B5/=3B/A6245/a63;2^A/7/81H<910?
/
Ef?/D/344A/83/9A=9A48=915/3Bh/
5~/52A;/3/9A1;5;/BD;/
|MQSTUVWQKQRLMRMX|LYpUVWXMSPYOKPLZXPsoRWM
9~/93495;/3/2410cA;/5b5=8A=58A;/
8~/H5`3=85;/3/3=>3=cA/E4f;E345;/
3~/;3445415/3/3;2Db60A/9A=;34:58A;
/
EV?/(=81a63/5/50234=521:5/3B/a63/cD/344Ah/
5~/8;/H52A;/H505B/EA4/;1/;f;?/
b~/./95;5/3;25:5/B31A/83;031G585?/
9~/8;/01:4A;/3;2^A/96;25=8A/9585/:3`/B51;/954A?/
8~/@36;/5E5423;/345B/;3BE43/A/B51;/E3421=3=23;/EA;;<:31;?/
3~/d45/5/B1B/B3;B5/a63/303/;3/43H3415C/81;;3/5/BA]5?
/
Eg?/.;;1=503/5/50234=521:5/9A44325/a65=2A/ /9A=9A48=915/:34b50h/
5~/@A5:5/;31;/cA45;/=A/430f>1A/85/B5241`/a65=8A/303;/9c3>545B?/
b~/.E3;54/85/>43:3C/81432A43;C/E4AH3;;A43;C/H6=91A=D41A;C/=1=\
>67B/HA45B/83B1218A;?/
9~/"A;7/9c3>A6/103;A/5/;36/83;21=AC/3BbA45/cA6:3;;3B/B6125;/
910585;/3B/;36/95B1=cA?/
8~/ABA;/=f;/a63B/43;A0:3BA;/5a6305/a63;2^A?/
3~/8/1BE3245=23/43H3416\;3/5A;/5421>A;/qn/3/qo/a63/5BE545/;65/
E321]^A?
/
En?/./9A=9A48=915/:34b50/3;2D/9A44325/=5/50234=521:5h/
5~/d05/A/3;E345:5/eD/H5`15B/865;/;3B5=5;?/
b~/j5/;65/bA0;5/c5:15B/B6125;/BA385;/83/A64A?/

012345
9~/d03;/E54393/3;2543B/8A3=23;?/
8~/3:3B/c5:34/5a61/E3;;A5;/96025;?/
RMrXQXLMZKORURJMYRORJMTUKQXMYOSLYRLq
/
Eo?/7/E4A:D:30/a63/???????/:5>5;/=5/59583B15C/B5;/=^A/???????/E3;\
;A5;/1=2343;;585;h/;^A/B6125;/5;/HA4B5018583;/5/???????/96BE4185;?
5~/c5e5B/\/3G1;23B/\/;34/
b~/c5e5B/\/3G1;23/\/;34
9~/c5e5/\/3G1;23B/\/;343B
8~/c5e5/\/3G1;23/\/;34
3~/c5e5B/\/3G1;23B/\/;343B
Eh?/???????/83/3G1>F=915;/86/;34D/a63/=^A/???????/A;/;5941H<91A;/a63/
???????/EA4/;65/956;5'
5~/c3>5/\/b5;25B/\/HA45B/H312A;/
b~/c3>5/\/b5;25B/\/HA1/H312A
9~/c3>5B/\/b5;25/\/HA1/H312A
8~/c3>5B/\/b5;25/\/HA45B/H312A;
3~/c3>5B/\/b5;25B/\/HA1/H312A
DE?/@A6b3/a63/B51;/83/83`/506=A;/;3/???????/5/E542191E54/8A;/
eA>A;/a63/26/3/303/??????
5~/=3>A6//A4>5=1`A6
b~/=3>A6//A4>5=1`5;23;
9~/=3>545B//A4>5=1`5;23
8~/=3>A6//A4>5=1`545B
3~/=3>545B/\/A4>5=1`5;23;
/
UUU}ED\~/}Ea\~/}Eq\~/}Ef\~/}EV\~/}Eg\~/}En\
~/}Eo\~/}Eh\.~/}DE\d~

lRRhR* h
*3>F=915/=AB1=50/7/5/4305]^A/83/83E3=8F=915/a63/;3/3;25b303\
93/3=243/A/=AB3/};6b;25=21:AC/58e321:A/A6/58:74b1A~/3/A/234BA/EA4/
303/43>18A?/342A;/;6b;25=21:A;/3/58e321:A;/58B123B/B51;/83/6B5/
43>F=915?/j5/43>F=915/=AB1=50/A/E41=91E50/E5E30/7/83;3BE3=c58A/
E305/?
jA/3;268A/85/43>F=915/=AB1=50C/7/E4391;A/03:54/3B/9A=25/a63/
:D41A;/=AB3;/5E43;3=25B/3G525B3=23/A/B3;BA/43>1B3/8A;/:34bA;/
QRMVRMQROSoKJqMlXPvRUROMXMORNSJRMQRMVJMoRO|XMLSNPSTUKnMPRLLRLM
95;A;C/9A=c3934/A/43>1B3/8A;/=AB3;/9A>=52A;?/8b;34:3/A/3G3BE0Ah
z34bA/l/3/A;/=AB3;/9A443;EA=83=23;h/2A8A;/43>3B/
9ABE03B3=2A;/1=24A86`18A;/E305/E43EA;1]^A/9
?/
8b383934//50>A//50>67B?
8b3813=23//50>A/50>67B?
.E43;3=25BA;/5/;3>614/:D41A;/=AB3;/59ABE5=c58A;/85/E43\
EA;1]^A/A6/E43EA;1]3;/a63/A;/43>3B?/8b;34:3\A;/523=25B3=23/3/
E4A9643C/;3BE43/a63/EA;;<:30C/5;;A9154/3;;3;/=AB3;/3=243/;1/A6/5/
50>6B/:34bA/96e5/43>F=915/:A9F/9A=c393?
\/593;;<:30/h/d;23/954>A/=^A/7/593;;<:30//2A8A;?
\/593;;A/h/8/593;;A/MKMORNSuXMTUXVMSJZXLLsoRWq
\/59A;26B58A/h/yA8A;/3;25:5B/59A;26B58A;//A6:1\0A?
\/585E258A/h/A1/81H<910/585E254\B3//3;;3/901B5?
1

\/5HD:30/h/y1=c5/6B/e312A/5HD:30/ A;/
2641;25;?
MKwSYXMUXJnMZXOq
\/5>458D:30/h/@65/;5<85/=^A/HA1/5>458D:30/ /3a61E3?
\/50c31Ah/5C/83?
\/50158Ah/5C/9AB?
\/506;^A/M5MZOXxRLLXOMxRmMKWVLuXMNMZOXoKMTPKWq
\/5BA4/h/d03/83BA=;245:5/>45=83/5BA4/ /=5BA4585?
\/5=D0A>Ah/5?
\/5=21E5215/h/@3=215/5=21E5215//305?
\/5E2A/h/d;25:5/5E2A//A96E54/A/954>A?
\/523=]^A/h/j6=95/836/523=]^A//=1=>67B?
\/5:34;^A/h/@3BE43/21:3/5:34;^A/ /EA0<2195?
M|RP[TUXMMMORxXOJKMxXSM|RP[TUKM/2A8A;?
\/93423`5/h/./93423`5//3=9A=24D\0A/=A:5B3=23/5/5=1\
BA6?
\/9A343=23h/9AB?
\/9ABE52<:30h/9AB?
\/9A=2<>6Ah/5?
/83;E43`Ah/5C/83C/EA4?
\/8:185/h/. =A2A6/2A85;/5;/8:185;/0/5/a63;2^A/8585?
/3BE3=cAh/83C/3BC/EA4?
/3a61:503=23h/5?
\/H5:A4D:30/h/@A6/H5:A4D:30/ /;65/95=81852645?
/H74210h/83C/3B?
\/>A;2A/h/y3=cA/B612A/>A;2A/ /E542191E54/83;25/b41=\
9583145?
\/>452A/h/F4525//2A8A;/a63/B3/3=;1=545B/5/3=;1=54?
\/cA44A4/h/y1=c5/cA44A4//a615bA/43HA>58A?
/cA;210h/5C/E545/9AB?
\/1BE4fE41A/M5MTWJRMROKMSJZO$ZOSXM/B3=A43;?
/1=343=23h/5?
\/e6=2A/h/"6=2A/ /A/B5234150C/3=9A=2431/3;23/8A\
96B3=2A?
\/03=2Ah/3B?
\/=393;;D41A/h/./B38185/HA1/=393;;D415//595b54/9AB/
25=25/8:185?/
\/E5;;<:30/h/.;/43>45;/;^A/E5;;<:31;//B685=]5;?/
\/E43H34<:30/h/y68A/345/E43H34<:30/ /;65/a631G5?
\/E4fG1BAh/5C/83?
\/43=23h/5?
\/43;183=23h/3B?/
\/43;E312A/h/7/=393;;D41A/A/
43;E312A/ ;/031;?
\/;521;H312Ah/9ABC/83C/3BC/EA4?
\/;3B30c5=23h/5?
/;3=;<:30h/5?/
\/;12A/h/8/5E5425B3=2A/;12A/ /245;<015/HA1/:3=818A?/
\/;12658A/h/_ 1=c5/95;5/3;2D/;126585//.:3=185/(=234=591A=50?
\/;6;E312Ah/83?
\/210h/5C/E545?
\/:5`1Ah/83?
\/:34;58Ah/3B?
\/:1`1=cAh/5C/83?

012345
RSTU

9~/(=HA4BA\0c3/83/a63/E5>631/A/9A07>1A?
8~/A;26BA/Ab383934/5/E439312A;/7219A;?
3~/./3=H34B3145/5;;1;216/1443E433=;1:30B3=23/A/8A3=23?

ED?/8/E4Ae32A?????3;2^A/85=8A/5=85B3=2A/7/1=9ABE52<:30?????245\
QStbRLMQKMTOJKq
5~/83/a63C/9AB/5;
b~/5/a63C/9AB/5;
9~/a63C/5;
8~/ /a63C/ ;
3~/a63C/9AB/5;

Eo?/3=243/5;/H45;3;/5b51GAC/6B5/5E3=5;/5E43;3=25/5/43>F=915/
=AB1=50/9A44325?/.;;1=503\5h
5~/d03/=^A/7/81>=A/5/;34/;36/5B1>A?
b~/25;358A/0568A;/B7819A;C/9A=93836\0c3/5/0193=]5?
9~/./5212683/8A/"61`/7/1;3=25/83/a650a634/43;241]^A?
8~/d03/;3/81`/3;E391501;25/E545/9AB/9ABE6258A43;/30324=19A;?
3~/8/;A0/7/1=81;E3=;D:30/85/;583?

LqMDVKPYXMKMKJSNXLnMZORTOXMEXuXqqqqqXKVWXnqqqqqVRJMLSPYXqqqqqq
;1BE5215?
5~/5C/EA4C/B3=A;
b~/8A/a63C/EA4C/B3=A;
9~/5C/E545C/B3=A;
8~/8A/a63C/9ABC/B3=A;
3~/8A/a63C/E545C/B3=A;

*3;EA;25;h/ED\2//Ea\.//Eq\//Ef\//EV\//Eg\.//En\//

Eo\
8
./43>F=915/:34b50/3;2685/5/4305]^A/a63/;3/3;25b30393/3=243/A;/
:34bA;/3/A;/234BA;/a63/A;/9ABE03B3=25B/}Abe32A;/81432A;/3/Abe3\
2A;/1=81432A;~/A6/954592341`5B/}58e6=2A;/58:34b151;~?/8/3;268A/85/
43>F=915/:34b50/E34B123\=A;/5BE0154/=A;;5/95E5918583/3GE43;;1:5C/
ZXSLMXxRORURMXZXOYVPSQKQRMQRMUXPvRUROJXLMKLMQSoROLKLMLSNPSTUK\
]3;/a63/6B/:34bA/EA83/5;;6B14/9AB/5/;1BE03;/B685=]5/A6/4321\
4585/83/6B5/E43EA;1]^A?/

Eq?/.;;1=503/5/AE]^A/3B/a63/2A8A;/58e321:A;/EA83B/;34/;3>61\
8A;/E305/B3;B5/E43EA;1]^Ah
5~/D:18AC/bABC/1=9A=;3a63=23
b~/1=81>=AC/A81A;AC/E3412A
9~/0350C/01BEAC/A=34A;A
8~/A4>60cA;AC/419AC/;383=2A
3~/AEA;2AC/ED018AC/;Db1A

./B^3/5>4585/MTWvXqMKNOKQKOMLSNPSTUKMKUKOSUSKOnMUXPYRPYKO
./B^3/5>4585/MTWvXqMKNOKQKOMLSNPSTUKMHUKVLKOMKNOKQXMXVM
E45`34kC/;521;H5`34~
!A>AC/9A=9061\;3/a63/i5>45854/8 k/7/81H343=23/83/i5>45\
854//8 k?/
8/9A=c391B3=2A/8A/6;A/583a658A/85;/E43EA;1]3;/7/6B/8A;/
5;E392A;/H6=85B3=251;/8A/3;268A/85/43>F=915/:34b50/}3/25Bb7B/
PXJSPKWqMLMZORZXLStbRLMLuXMUKZKmRLMQRMJXQSTUKOMUXJZWRYKJRPYRM
A/;3=218A/8A/a63/;3/3;2D/;3=8A/812A?/

Ef?/i.;/B60c343;/85/=A123C??????A/EA325/H5`/506;^A/5/9A0A414/.45\
95e6C????????9A45]^A/b523/83/=A123C/=A/;10F=91Ak?/./AE]^A/a63/9ABE03\
25/9A44325B3=23/5;/0596=5;/85/H45;3/591B5/7h
5~/5;/a651;C/83/96eA
b~/5/a63C/=A/a650
9~/83/a63C/A/a650
8~/ ;/a651;C/96eA
3~/a63C/3B/96eA
EV?/.;;1=503/5/50234=521:5/9A44325/a65=2A/ /43>F=915h
5~/./E3]5/a63/5;;1;21BA;/HA1/B612A/bA5?
b~/d;23;/;^A/A;/01:4A;/a63/E4391;5BA;?
9~/d;;3/HA1/6B/EA=2A/a63/2A8A;/;3/3;a639345B?
8~/F61B54^3;/*A;5/7/A/3;9412A4/a63/B51;/5E4391A?
3~/8/18350/a63/5;E145BA;/7/9A=c3918A/EA4/2A8A;?

c3>631/5A/B324?
c3>631/=A/B324?

Eg?/.;;1=503/5/50234=521:5/a63/9A=27B/5;/43;EA;25;/9A44325;?
(?/z1;5=8A/5E3=5;/A;/;36;/E4fE41A;/1=2343;;3;C/303C/1=:A06=25\
415B3=23C/E43e6819A6/2A85/6B5/H5B<015?
##qMlXJXMROKMXONVWvXLXnMZORxROSVMQRUWKOKOMxKWSQKMKMTOJKMKMKURS\
254/a650a634/5e685/8A/;A>4A?
(((?/3;83/9415=]5/;3BE43/5;E145:5/5/6B5/EA;1]^A/83/83;25a63C/
3BbA45/HA;;3/2^A/c6B1083?
#YqMLZSOKPQXMXMZROxVJRMQKLMURPYRPKLMQRMwXORLMVRMRPxRSYK\
:5B/5/;505C/83;B51A6?
5~/((C/(((C/(z
b~/(C/((C/(((
3~/(C/(((C/(z
8~/(C/(((
3~/(C/((
En?/.;;1=503/A/123B/3B/a63/cD/344A/a65=2A/ /43>F=915h
5~/@^A/3;;5;/5;/5212683;/83/a63/81;9A48A?
b~/D/B612A/eD/0c3/E348A31?
1

jA/E41B314A/95;AC/A/B324/7/A/06>54/5/a63/:A6I/=A/;3>6=8A/
95;AC/7/A/B31A/83/245=;EA423/EA4/B1B/62101`58A?/./A45]^A/ic3>631/
PXMJRYOOZnMZXZVWKOJRPYRMVLKQKMKMTJMQRMSPQSUKOMXMWVNKOMKMVRMLRM
:51C/EA;;61C/=A/E584^A/9602A/85/0<=>65C/;3=218A/81H343=23?/.01D;C/7/
B612A/9AB6B/3G1;2143B/81:34>F=915;/3=243/5/43>F=915/9A0Aa6150C/
9A21815=5/83/50>6=;/:34bA;C/3/5/43>F=915/96025?
43=6=9154/5A/EA834C/5/6B/954>AC/2<260A/83;1;214?/A83/
;34/1=245=;121:A/}z(//=^A/3G1>3/9ABE03B3=2A~//245=;121:A/81432A/
}y~/A6/245=;121:A/1=81432A/}y(//E43EA;1]^A~h/?/384A/
/3B/DoqD?/}z(~I/./:3=938A45//A/;36/81432A/83/451=c5?/
}zy~I/j6=95//83/B36;/814312A;?/}zy(~
3BE43>5\;3/ // /E43EA;1]^A/=A/;3=218A/83/
5E34254/=A;/b45]A;h/./B^3/5/9AB/234=645?/}zy~I/<
;3//B1BC/9cA45=8A?/}zy(~
/3BE43>5\;3/ /E43EA;1]^A/=A/;3=218A/83/9
C/],?}zy(~h/./b5=85/!3>1^A//4b5=5//5A;/eA:3=;?/
}zy(~I/dBE43>5\;3/ /E43EA;1]^A/=A/;3=218A/83/595419154C/B1B54h/
_ D491A//5/3;EA;5/9AB/6B/01=8A/E43;3=23?/}zy~

012345
j}H5`34/506;^AC/43H3414\;3/5/50>67B~C/3BE43>5\;3/ /
E43EA;1]^Ah/j5/9A=:34;5//:5>5B3=23/A/;36/=A:A/E4Ae32A?/
}zy(~

3BE43>5\;3/ /E43EA;1]^A/=A/;3=218A/83/9
I/8/e61`//A/476/ /;65/E43;3=]5?/}zy~/dBE43>5\;3/ /
A6/ /E43EA;1]^A/=A/;3=218A/83/ C/
C/9A=;246<8A/
9AB/Abe32A//E43819521:Ah/A/9A:5483?/}zy~//A/
/9A:5483?/}z(~I/0c3/9A:5483?/}zy(~//0c3//
9A:5483?/}zy(~I///36;/=A;/BAB3=2A;/81H<931;?/}zy(~

U3BE43>5\;3/ /E43EA;1]^A/=A/;3=218A/83/

9C/5=>6;2154h/./3BA]^A/5=;15:5\B3?/}zy~I/dBE43>5\;3/
 /E43EA;1]^A/=A/;3=218A/83/ h/<
//:F\0A/=A:5B3=23?/}zy(~

9ABA/C/A/:34bA//3G1>3/5/E43EA;1\
]^A//a65=8A/1=8195/06>54h/c3>A6/A/534AEA42A/B31A/5E43;;585?/
ABA///}zy~/3//}z(~/=A/;3=218A/83/
I//303?

U3BE43>5\;3/ /E43EA;1]^A/=A/;3=218A/83/C/
^h/</6B/54/3G9303=23C/=A/95BEA?/}zy~/dBE43>5\
\;3/ /E43EA;1]^A/=A/;3=218A/83/9 ;l3h/
F1=91`1=cA//A/954>A/83/81432A4/85/3=123=91D415?/}zy(~

U3BE43>5\;3/ /5;/E43EA;1]3;/ C/C/ h/

A=23=25B\;3/ /B1>50c5;?/}zy(~I/A=23=2A\B3/ /5E056814/85a61?

j3BE43>5\;3/ /E43EA;1]^AI/Abe32A/81432A/83/E3;;A5h/
d6/5/=A/;34:1]A/83/95;5?/}zy~

UUU3BE43>5\;3/ /E43EA;1]^A/5/=A/;3=218A/83/;9
h/yA8A;/'/ /=A:305/.0B5;/FFB35;?/}zy(~/j3;;3/
95;AC/A/:34bA/=^A/593125/A/E4A=AB3/
C/B5;/5E3=5;/A;/E4A=AB3;/
ZRLLXKSLMORYXLMMZORZXLStuXM5MTWJRM[M$YSJXqMrXQXLMVRORJM
/
?/}zy(~/dBE43>5\;3/ // /E43EA;1]^A/=A/;3=218A/
83/C/h/./E4AH3;;A45/;3BE43//A;/506=A;/9AB/
9541=cA?/}zy~I/./E4AH3;;A45/;3BE43///506=A;/9AB/9541\
=cA?/}zy(~/dBE43>5\;3/ /E43EA;1]^A/=A/;3=218A/83/l;
,-h/8/814312A/83/;3/83H3=834///2A8A;?/}zy(~/
jA/;3=218A/83//7//3/3G1>3/5/E43EA;1]^A/
h/.;;1;23/ /_ 5=56;/EA4/B612A/23BEA?/}z(~
3BE43>58A/ /E43EA;1]^A/=A/;3=218A/83/l
8  -h/8/B7819A//A/9013=23/E5913=23B3=23?/
}zy~/jA/;3=218A/83/C/h/36;//B1=c5;/E43\
93;?}zy~I/</a651;a634/E3818A/?/dBE43>5\
\;3/ /E43EA;1]^A/=A/;3=218A/83/-8 h/!5B3=\
2A/=^A/EA834// /;A019125]^A/83/43964;A;?/}zy(~/dBE43>5\;3/
9AB/E43EA;1]^A/=A/;3=218A/83/ -98
,h/.23=85//2303HA=3C/EA4/H5:A4I/.23=85//2303HA=3?/}E43H34F=915/
b45;103145~
U5:1;54/8 /83/50>6B5/9A1;5h/8/9c3H3//A;/
H6=91A=D41A;/83/a63/A;/8A96B3=2A;/3;25:5B/E4A=2A;?/}zy~I/<
/A;/9013=23;/85/B685=]5/83/3=8343]A?/}zy/~I/"D/23B/245\
81]^A/=5/0<=>65/A/6;A/83/5:1;54/9ABA//83/E3;;A5/3/6/83/9A1;5I/
</A;/9013=23;/a63/:5BA;/523=8F\0A;/3B/=A:A/3=8343]A?
3BE43>5\;3/ /E43EA;1]^A/=A/;3=218A/83/854/E5=95\
85;/3B/50>67Bh/8;/14B^A;//
/}A6/b5215B\0c3~/ /2A5I/j34\
:A;AC/3=24A6/3B/95;5/3//5/EA425?}H39cA6/9AB/HA4]5~I/A1/0A>A/
/ /EA425?/}b5234/e6=2A/ /EA425C/E545/50>67B/5b414~I/545/a63/
303/E683;;3/A6:14C/345/E4391;A/?/}854/
E5=9585;~
U_ 541=5//938A/3/?/}z(/=^A/3G1>3/9ABE03\
B3=2A~I/zA9F/7/4350B3=23/81>=A/83// MJSPvKMTWvKqMYr#M
 /E43EA;1]^A~I/d05//5=23;/8A;/:1=23/5=A;?/}zy/ /E43\
EA;1]^A?/8/:34bA/MZXQRMoSOMKUXJZKPvKQXMQRMZOXPXJRMORwR\
G1:Ah/d05//9AB/A/;36/>45=83/5BA4I/A6/d05/95;A6\/9AB/;36/
>45=83/5BA4?
1

jU/7/245=;121:A/81432A/=A/;3=218A/83/;
?/d;23/9ABE6258A4/96;25/B612A/954A?/}zy~/jA/;3=218A/83/
]/7/y(?/7/9A=e6>58A/9ABA/l C/=5/q/E3;;A5/8A/
;1=>6054C/3/;36/;6e312A/7/6B5/mh/
/E3>54/6B/2DG1?}HA1/81H<910~I/8/9544A//2A85;/5;/39A=A\
B15;?/7/245=;121:A/81432A/3/1=81432A/}y(~/=A/;3=218A/83/h/
./1BE468F=915//0D>41B5;/5B54>5;?/}zy(~
RU7//=A/;3=218A/83/;h/_ 1\
=c5/B^3//=5/.(?/7//=A/;3=218A/83/h/
j3B/2A8A;//5;/9415=]5;?/7///3//=A/
;3=218A/83/854/1=;246]^A/;Ab43h/d=;1=A//B51;/81H<931;/
A;/B36;/506=A;?
R3BE43>58A/9ABA/)9/3G1>3/5;/E43EA;1]3;h/
; ; h/YA;/ /439A4854/A/E5;;58A?
RU7jnh3;23;/:34bA;/58B123B/5;/9A=;246]3;h/
Y/A/3=8343]A/8303I/Z/6B/95;A/1=2343;;5=23I/Y
//3=8343]A/8303I/!3Bb431\ /6B/95;A/1=2343;;5=23?/Y
\ /;36/3=8343]AI/Z /6B/95;A/1=2343;;5=23?/zA9F/
EA83/Ab;34:54/a63/=A/Dp/3G3BE0A/25=2A/A/:34bA//9ABA/
03Bb454C/=^A/;^A/E4A=AB1=51;C/1;2A/7C/=^A/3G1>3B/A;/E4A=AB3;/
C/;^A/245=;121:A;/81432A;/}y~?/jA;/3G3BE0A;C/5BbA;/A;/
:34bA;C//3/C/3G1>3B/A/ /3/5/
I/;^A/245=;121:A;/1=81432A;/3/E4A=AB1=51;?/jA/3G3BE0A/A/:34bA/
/3;2D/3BE43>58A/=A/;3=218A/83/  ?/3/A/
:34bA//3;2D/3BE43>58A/=A/;3=218A/83/  ?/j5/
0<=>65/96025C/A;/:34bA;//3//a65=8A/6;58A;/9AB/5/
E43EA;1]^A/C/3G1>3B/A;/E4A=AB3;?
3BE43>5\;3/ /E43EA;1]^A/=A/;3=218A/83/ 9
5 8 C/7/y(h/j6=95// /B36;/
?/
}zy(~/dBE43>5\;3/ /E43EA;1]^A/=A/;3=218A/83;9
)
)C/7/yh/./a6385/8A/8f054//9A44185/5A/EA834?/}zyd~I/
8/83;3;2<B60A/5A/D09AA0/9ABb6;2<:30//6B5/:A025/5A/E5;\
;58A?/}zy~/dBE43>5\;3/ /E43EA;1]^A/=A/;3=218A/83/ 09
;  C/7/yh/8/:1`1=cA/A/=5a6303/95;A/83/
3;26E4A?/}zy~/7/1=583a6585/5/43>F=915/8A/:34bA/1BE01954/ h/
o/3B/9A=H6;^A?
A/:34bA//EA;;61/865;/9A=;246]3;C/zy/
3/zy(h/oA/a63/;65/5EA;3=25415/;516?/}zy~I/o0c3/
a63/;65/5EA;3=25415?/}zy~I/o/B685=]5;/0A>A/938A?/
}1=231454\;3C/:34bA/E4A=AB1=50~

012345
U3BE43>5\;3/ /E43EA;1]^A/} /A6/~/=A/
;3=218A/83/C/7/y(h/8/2A64A/25=818A///y1^A?/
dBE43>58A/9ABA/:34bA/245=;121:A/81432A/3/1=81432AC/=A/;3=218A/
83/h/8/E43H312A//*3=525/=A/954>A/83/5;;3;;A45?/
}zy(~/dBE43>5\;3/ /E43EA;1]^A/=A/;3=218A/25Bb7B/83/ 9
^C/7/yh/jf;//E5423/8A;/0694A;/3B/E3;\
VSLKLMUSRPYsTUKLqMYr0
* 5=23;/83/;6b;25=21:A/C/)C/6;5;3/ /9AB/
5/E43EA;1]^A/ h/?/_ 541=5/509^A///465/A41:50/83/2544A;?
5/43>F=915/9A44325/83;23/:34bA/7/ 8 /3/
jp8/=5BA454/ MKWNV[JM[ RVMTWvXnMXKVWXMl[LKOnM/41;\
215=3?/_ 54930A//*5a630?
UU3BE43>5\;3/9AB/:34bA/245=;121:A/81432A/A6/1=8143\
2AC/=A/;3=218A/83/h/>/A/;36/5EA1AI/>
//;36/5EA1AC}zy(~
niU3BE43>5\;3/9AB/:34bA/245=;121:A/
81432A/3/1=81432A/=A/;3=218A/83/96BE414/A483=;h// ;/14B^;/
3/14B^A;I/j^A/83;Ab383915/ ;/031;/83/24=;12A?
3BE43>5\;3/ /E43EA;1]^A/=A/;3=218A/83/9
C/7/zy(~h/185//A/E^AI/(/5/9A;2645?/}zy~/dBE43>5\
\;3/ /E43EA;1]^A/=A/;3=218A/83/ C/7/zy(h/185/
/A/E58314AI/(/ /9A;2643145?C/ /;39432D415?/}zy(~/dBE43\
>5\;3/9ABA/:34bA/245=;121:A/81432A/3/1=81432AC/E5>54/50>6B5/
8 h185//A/?/}zy(~/A4/50>6B5/
9A1;5h/g65=2A//E30A/9544A'/@3B/9ABE03B3=2Ah/.;;1;216/5A;/
eA>A;/;3B/@
;AB3=23/;3/6;5/C/a65=8AC/3=243//3/A/
C/E6834/9A0A954/5/E505:45/?/5;A/9A=24D41AC/81`\;3/
I/./;39432D415//;514/B51;/938A?/}E3816/0193=]5~I/./81\
43]^A//2A8A;/A;/H6=91A=D41A;C/9ABE54393;;3B/ /436=1^A?
3BE43>5\;3/ /E43EA;1]^A/=A/;3=218A/83//
C/7/yh/3:3BA;//5;/AH3=;5;?/}zy/~/dBE43>5\;3/
 /E43EA;1]^A/=A/;3=218A/83/9A=93834/A/E348^A/ /E3;;A5C/7/y(h/
348A3BA;//=A;;A;/1=1B1>A;?/}zy(~/dBE43>5\;3/9ABA/:34bA/
245=;121:A/81432A/3/1=81432AC/=A/;3=218A/83/h/./B^3/
/MTWvXMKMJRPYSOKqMYr0#M/h/yA8A;/;3\
4^A//
/E51;?
3BE43>58A/ /E43EA;1]^AC/3G1>3/Abe32A/1=8143\
2A/83/E3;;A5h/8/B7819A//A/E5913=23/a63/H505;;3?/}zy(~/
A=;24f1\;3/9AB/A/E4A=AB3/
/3/=^A/h/8/5;;1;23=23/
/
a63/3=245;;3?/j^A/;3/6;5/5/E43EA;1]^A/MKPYRLMQRMXOKtuXMSPTPSYSoKM
8;/E51;/=^A/
/E34B123//;A`1=c5/ /H3;25/8A/3^A?/}3/=^A//14/
;A`1=c5~
U7/:34bA/245=;121:A/81432A/zyh/y1=c5/E1;58A//9A=21\
=3=23/b45;10314A?/}=^A/3G1>3/5/E43EA;1]^A/~
U3BE43>5\;3/ /E43EA;1]^A/=A/;3=218A/83/9
C/7/zy(h/.;/9415=]5;/9543=23;///B30cA4/523=81\
B3=2A/B7819A?/}zy(~/g65=8A/A/:34bA//:134/59ABE5=c58A/
83/C/EA83\;3/6;54/5/E43EA;1]^A/I/5/0<=>65/BA834=5/23=\
11

83/5/81;E3=;D\05h/zA9F/7/419AC/=^A/E4391;5/245b50c54/B612A?//;5\;3C/
;/:3`3;/=5/:A`/E5;;1:5C/9AB/;6e312A/1=83234B1=58Ah/(/
83/H6=91A=D41A;/9ABE323=23;?/};6e312A/1=83234B1=58A~/dBE43>5\;3/
/E43EA;1]^A/=A/;3=218A/83/1=81954/9AB/3G5218^Ah/34836/B612A/
81=c314A/=A/eA>AC/B5;/=^A/;5b3//5/a65=215?}zy~
3BE43>5\;3/ /E43EA;1]^A/=A/;3=218A/83/9
2?/};3B/3;9A0c5~h/d/815;/B51;/a63=23;?/}zy~/(/
zy(C/=A/;3=218A/83/]2C/3G1>3/5/E43EA;1]^A/h/d/
85=]54//=5854I/d/9cA9A0523//8A93/83/03123?/j5/01=>65>3B/
HA4B50C/96025C/7/1=583a658A/6;54/3;23/:34bA/43HA4]58A/E305;/E505:45;/
A6/3GE43;;3;h/?
U3BE43>5\;3/ //A6/C/
9AB/5/E43EA;1]^A/h/8/4312A4// /;3;;^AI/8/4312A4/E43;1816/
/;3;;^A?
58B123/5;/9A=;246]3;h//./E591F=915//81;;5\
bA43;I/(/B1=c5/264B5I/g634A/I/(=A;/
ZKOKMXMRKJRMTPKWq
3BE43>5\;3/9ABA/:34bA//=A/;3=218A/83/
h/@65/23;3/=^A/?/}z(~/dBE43>5\;3/9AB/5/
E43EA;1]^A//=A/;3=218A/83/;h/_ 612A;/B503;/85/
c6B5=18583//85/H5025/83/43;E312A/5A/E4fG1BA?/dBE43>5\
\;3/9ABA// /5/E43EA;1]^A/C/=A/;3=218A/83/854/
1=<91Ah/(//6B5/1=:3;21>5]^A/41>A4A;5?/}zy(~
6j3BE43>5\;3/ /E43EA;1]^A/=A/;3=218A/83/h/
g634A/:F\0A/51=85/cAe3?}zy~/dBE43>5\;3/ /E43EA;1]^A/=A/
;3=218A/83/;]; h/g634A/B612A/b3B/ ;/B1=c5;/
96=c585;/z345/3/31]5?
U9ABA/A/:34bA/C/A/:34bA/C/9A=;24f1\;3/
9AB/5/E43EA;1]^A/ h/*3;181BA;/3B/!697015C//.:3=185/(=234=5\
91A=50?/*3;183=23/3/43;18F=915/2FB/5/B3;B5/43>F=915/83// ?
U3BE43>5\;3/=A/;3=218A/83//50>6B5/9A1\
;5/5/50>67Bh/8/;3=58A4///eA4=501;25/a63/A/E4Ae32A/8A/
OSXMIuXMOKPUSLUXMRLYKoKMPXMTPKWqMYr0#M3JZORNKLRMPXMLRPYSQXM
83/43;EA=834/5/6B5/95425C/5/6B5/E34>6=25h/d=4A0A6C/3=4A0A6/3/=^A/
43;EA=836/ /E34>6=25/8A/E4AH3;;A4?
3BE43>5\;3/=A/;3=218A/83/;9
)h/3EA1;/83/5EA;3=254\;3/=?/dBE43>5\
\;3/=A/;3=218A/83/)
/E545?5/EA;;3/83/50>67Bh/.;/ef15;/
//;36/:34858314A/8A=A?/dBE43>5\;3/=A/;3=218A/83/83;21=54\;3h/
./43=85/85/H3;25/;34D/ M|RPRTUSXMQKMlKLKMQKMIXZKq
&wtuw~ni3BE43>5B\;3/ /5/E43EA;1]^A/
 h/@3BE43// /E3;;A5;/=3>45;I/</ /305/
83;83/A/E41B314A/BAB3=2A?/d;23;/:34bA;/=^A/;^A/E4A=AB1=51;C/1;2A/
7C/=^A/3G1>3B/A;/E4A=AB3;/h/@1BE521`31\ /9AB/
:A9F?/}1=583a658A~I/@1BE521`31/9AB/:A9F?/}/583a658A~
j/A/976I// /95b3]5I//A/24A=AI//A/
EA834?/d;;5;/3GE43;;3;/3G1>3B/5/E43EA;1]^A/?

012345
j3BE43>5\;3/ /5/E43EA;1]^A//=A/;3=218A/83/09
;h/8/83;95=;A//A/245b50cA?
3BE43>5\;3/=A/;3=218A/83/9 -;8 ;
 8 h/j^A/831G5:5//A//=A/>52A/8A3=23?/dBE43\
>5\;3/=A/;3=218A/83/ ;l,C/6;5\;3/9AB/8h/8/=5;\
USJRPYXMQXMTWvXMA/E4AH6=85B3=23?/dBE43>5\;3/=A/;3=218A/
83/l/EA4/;A423C/c345=]5C/7/8(h/yA9A6\0c3C/EA4/c345=]5C/6B5/
01=85/H5`3=85?/dBE43>5\;3/=A/;3=218A/83/ 2;
lh/.A/E43H312A/7/a63//83H3414/A6/1=83H3414/A/E4Ae32A?
U3BE43>5\;3/ /E43EA;1]^A/9ABA/zyDq/=A/;3=218A/83/
/A6/&)h/8/>54A2A/)/A/1=A93=23/E5;;541=cAI/8/>3\
43=23/)/5/9A443;EA=8F=915?/dBE43>5\;3/ /E43EA;1]^A/9ABA/
zy(/=A/;3=218A/83/3;h/yA8A;//A/439A=c391\
B3=2A/83/;36;/3;HA4]A;?
UURUU
69A/245b50cA/A6/9/245b50cA'/.Bb5;/5;/9A=;246\
]3;/;^A/9A44325;?/./E41B3145/7/B51;/593125h/6)9A/245b50cA/
83/43;EA=834/268A/3B/(=>0F;?/8/B3;BA/;3/8D/9ABh////
1=9BA8AI//A/A/245b50cAI//A/A/06GA?
9/50>6B5/9A1;5/A6/9/50>6B5/9A1;5'/4A\
EA4\;3C/=A/;3=218A/83/ )C/81;EA4\;3/C/EA83/:14/ /A6/
/5/E43EA;1]^A/h/d05/;3/E4AE;/03:D\0A//03:D\0A/5A/9149A?
/43:1;25//A6/E5;;54/3B/43:1;25'/.Bb5;/3;2^A/9A44325;C/
EA47B/5/;3>6=85/9A=;246]^A/7/B51;/H43a63=23h/8/E43;183=23/E5;;A6/
5/24AE5/ /43:1;25?
6 /\/3GE43;;^A/9A=93;;1:5/3a61:503=8A/5/
9C/C/0h/iY
?k/}F4591015=A/
*5BA;~
UqUWU
8;/:34bA;//}3G93]^A/5A/:34bA/~C/
=^A/58B123B/:A`/E5;;1:5?/8;/3G3BE0A;/91258A;/5b51GA/;^A/9A=;1\
83458A;/?
5MTWJRM/E30A;/3;2685=23;I/8/954>A/)/
EA4/2A8A;I/8;/3;2685=23;/ MTWJRMrXQXLM)) /
954>A?
j^A/;3/83:3/854/A/B3;BA/9ABE03B3=2A/5/:34bA;/83/
C/9ABAh/6/3//83/95;5I//3///
E3]5?/A441e5\;3/E545h/6/95;5/3/
I//E3]5/
3/?
.;/HA4B5;/Ab0<a65;/;;;/H6=91A=5B/9ABA/9ABE03B3=2A/
83/:34bA;/C/3=a65=2A/5;/HA4B5;/^;^/H6=91A\
=5B/9ABA//a63/3G1>3B/5/E43EA;1]^A/?/A=\
:1831/5;/5B1>5;?/I/8b383]A/?/8b383]A\
?
RSTU
ED?/.;;1=503/5/=195/50234=521:5/a63/3;2D/83/59A48A/9AB/5;/
=A4B5;/83/43>F=915/85/0<=>65/96025?
5~/5:1;31\A/83/a63/=^A/83;3e5:5/;6b;2126<\0A/=5/E43;18F=915C/
EA1;/5E3;54/83/234/;3BE43/;34:18A/ /1=;21261]^AC/e5B51;/5;E1431/5/
250/954>AI
1K

b~/5:1;31\0c3/83/a63/=^A/83;3e5:5/;6b;2126<\0A/=5/E43;18F=915C/
EA1;/5E3;54/83/234/;3BE43/;34:18A/5/1=;21261]^AC/e5B51;/5;E1431/5/250/
954>AI
9~/5:1;31\A/83/a63/=^A/83;3e5:5/;6b;212614\/0c3/=5/E43;18F=915C/
EA1;/5E3;54/83/234/;3BE43/;34:18A/ /1=;21261]^AC/e5B51;/5;E1431/250/
954>AI
8~/5:1;31\0c3/83/a63/=^A/83;3e5:5/;6b;212614\0c3/=5/E43;18F=915C/
EA1;/5E3;54/83/234/;3BE43/;34:18A/ /1=;21261]^AC/e5B51;/5;E1431/5/250/
954>AI
3~/5:1;31\A/83/a63/=^A/83;3e5:5/;6b;2126<\0A/=5/E43;18F=915C/
EA1;/5E3;54/83/234/;3BE43/;34:18A/5/1=;21261]^AC/e5B51;/5;E1431/250/
954>A?
Ea?/.;;1=503/5/AE]^A/3B/a63/A/:34bA/9c5B54/7/3BE43>58A/9AB/
A/B3;BA/;3=218A/a63/5E43;3=25/3B//ijA/815/3B/a63/A/9c5B545B/
QRMe|SOKJKOKnMDVKORLJKMTUXVMORLROoKQXnMYKUSYVOPXMRMJVQXZ
5~/E30A;/;36;/H312A;C/9c5B545B\0c3/A/;50:58A4/85/ED2415I
b~/b52345B/ /EA425C/9c5B5=8A/*A841>AI
9~/=5a6303/BAB3=2A/81H<910C/9c5BA6/EA4/36;/3/E30A/15bAI
8~/A/9c3H3/9c5BA6\A;/E545/6B/81D0A>A/H45=9AI
3~/B5=8A6/9c5B54/A/B7819A/9AB/64>F=915?
Eq?/.;;1=503/5/AE]^A/3B/a63/A/:34bA/5;;1;214/7/3BE43>58A/9AB/
A/B3;BA/;3=218A/a63/5E43;3=25/3B/i=^A/81431/a63/5;;1;21/ ;/50:A\
4585;/8A/4AB5=21;BAk?
5~/=^A/5;;1;23/5/:A9F/A/814312A/83/B3/e60>54I
b~/7/83:34/8A/B7819A/5;;1;214/5/2A8A;/A;/3=H34BA;I
9~/3B/;65/58B1=1;245]^AC/;3BE43/HA1/5;;1;218A/EA4/bA=;/9A=\
;30c314A;I
8~/=^A/;3/EA83/5;;1;214/1=81H343=23/5/6B/52A/83/1=e6;21]5I
3~/A/E5843/0c3/5;;1;216/=A;/834458314A;/BAB3=2A;?
Ef?/dB/2A85;/5;/50234=521:5;C/A/:34bA/>41H58A/HA1/3BE43>58A/
9AB/43>F=915/93425C/S/3Bh
5~/5/:1;25/83/"A;7/15;/03Bb4A6\B3/A/a63/303/B3/81;;345?
b~/3;2A6/83;342A/3/=A123C/3/5;E14A/;A9138583/3/06`?
9~/96;25\B3/81`34/1;2AC/B5;/5=23;/E3a63/EA4/3G93;;AI
8~/438Ab4A6/83/1=23=;18583C/9ABA/;3/Ab38393;;3/5/:A`/8A/BD\
>19AI
3~/a65=8A/305/BA443;;3C/36/0c3/E348A5415/A;/83H312A;?
EV?/8/:34bA/9c5B54/3;2D/9AB/5/43>F=915//3Bh
5~/9c5BA\A/83/b64>6F;C/EA1;/:A9F/03>121B5/5/;6bB1;;^A/85;/
B60c343;I
b~/9ABA/=1=>67B/5;;6B15C/9c5B31\0c3;/83/81;941B1=58A43;I
9~/83/43E3=23C/cA6:3/6B/=34:A;1;BA/>3450/3/9c5B545B\=5;/83/
H3B1=1;25;I
8~/5E3;54/83/5/cA45/234/9c3>58AC/A/9c3H3/=^A/9c5BA6/ ;/H3B1\
=1;25;/5/;65/;3]^AI
3~/5;/B60c343;/HA45B/E545/A/0A950/8A/BA:1B3=2AC/a63/305;/
9c5B545B/83/B5234=18583?
Eg?/.;;1=503/A/3G3BE0AC/3B/a63/3;2D/b3B/3BE43>585/5/9A=;\
246]^A/9AB/A/:34bA/E43H3414h
KMZORxROSKMSOMKXMUSPRJKMQXMVRMTUKOMoRPQXMYRWRoSLuX
|MZORxROSKMLKSOMKMTUKOMRJMUKLK
UMZORxROSKMKPYRLMLKSOMKMTUKOMRJMUKLK
QMZORxROSKMJKSLMLKSOMQXMVRMTUKOMRJMUKLK
RMKPYRLMZORxROSKMLKSOMQXMVRMTUKOMRJMUKLKq

012345
En?/.;;1=503/5/AE]^A/3B/a63/A/:34bA/03Bb454/3;2D/3BE43>58A/
83/B5=3145/1=59312D:30/3B/4305]^A/ /=A4B5/96025/85/0<=>65h
5~/E3816\B3/a63/A/03Bb45;;3/5/B36;/H5B101543;I
b~/7/E4391;A/03Bb4D\0A/A/9ABE4AB1;;A/a63/5;;6B16/9A=A;9AI
9~/03Bb4A6\;3/B51;/25483/a63/c5:15/831G58A/5;/9c5:3;/3B/95;5I
8~/=^A/B3/03Bb45:5/83/234/B54958A/B7819A/E545/cAe3I
3~/=5/cA45/85;/E4ABA]3;C/03Bb43\;3/83/B1B?
Eo?/8/:34bA/;6b01=c58A/HA1/3BE43>58A/9A44325B3=23C/S/3Bh
5~/uw/ /95443145/B101254/83;83/9415=]5I
b~/858A/A/;1=50C/U/ /0312645/8A/23G2A?
9~/5/5212683/2AB585/j/83;9A=23=25B3=2AI
8~//3;26854/A426>6F;/5/3;26854/_ 523BD2195I
3~/ a6305/cA45C/jU/5/3=9A=2454/6B/2DG1/81;EA=<:30?

8/593=2A/>45:3/a63/5E54393/;Ab43/A/i5k/=^A/9A=;21261C/EA1;C/5/
UOKLRnMJKLM[MVJMJROXMLSPKWMNOpTUXMVRMSPQSUKMYROMvKoSQXMKMVPSuXM
83/8A1;/i5k/}945;3~?
545/c5:34/945;3C/7/1=81;E3=;D:30/5/E43;3=]5/85/E43EA;1]^A/
i5kC/a63/7/6B/E4Ab03B5/83/43>F=915?/A4/1;;AC/a65=2A/B51;/9A=c3\
934/5/43>F=915/83/9342A;/:34bA;/3/=AB3;C/B51;/HD910/;34D/E545/303/234/
A/8AB<=1A/;Ab43/5/945;3?
%w
UUj/c3>A6//23BEA/5A/245b50cAI/
z1345B//E7I/z3=83\;3//E45`A?

Eh?/dB/a650/85;/AE]3;/5b51GA/A/6;A/85/E43EA;1]^A/59544325/
B685=]5/2A250/=A/;3=218A/8A/:34bA'
KMVLRSMYXQXLMXLMOSYJXLMQKMJRYOSTUKtuXMZXOYVNVRLKqMVLRSMQRM
YXQXLMXLMOSYJXLMQKMJRYOSTUKtuXMZXOYVNVRLK
b~/961858AC/=^A/b3b5;/3;25/D>65?/961858AC/=^A/b3b5;/83;25/
D>65I
9~/3=451:3918AC/E3>A6/5/:545/3/b5236/=A/5=1B50?/3=451:3918AC/
E3>A6/85/:545/3/b5236/=A/5=1B50I
8~/E4391;A6/5/a65=215/a63/>5;25415/=5;/H7415;?/E4391;A6/85/
a65=215/a63/>5;25415/=5;/H7415;I
3~/5/3=H34B3145/2452A6/5/H34185/9AB/961858A?//5/3=H34B3145/
2452A6/85/H34185/9AB/961858A?
DE?/.;;1=503/A/B56/3BE43>A/8A/:A9Db60A/iA=83kh
5~/2A85;/5;/A95;13;/A=83/=A;/:1BA;/ ;/:A025;/9AB/E4Ab03B5;/
=A/245b50cAC/A/;6E341=23=83=23/=A;/5e68A6I
b~/EA4/2A85/E5423C/A=83/a634/a63/H;;3BA;C/3=9A=24D:5BA;/
9A03>5;I
9~/=^A/;31/b3B/A=83/HA1/E6b01958A/A/381250I
8~/A=83/3=9A=24543BA;/a63B/=A;/HA4=3]5/5;/1=HA4B5]3;/83/
a63/=393;;125BA;I
3~/A;/E4A93;;A;/A=83/EA83BA;/3=9A=2454/858A;/E545/A/43052f\
41A/3;2^A/54a61:58A;

\/U/195BA;//58B14D\0A;I/d03/9AB3]A6//234/
50691=5]3;?
\/U/!3:5BA;/5/B34958A415//6B5/
TOJKM]RTOXJRM/6B5/E3;;A5/3869585?
\/*utw~wuu
UUUUUUUUjjjSUU84
jiUU* 8/d=:131/8A1;/AH<91A;//zA;;5/@3=cA415I/
y4543BA;//@65/_ 5e3;2583C/A/431/6b3426;C/6B5/B3=;5>3B/83/E5`I/
3WRLMVROSKJMXxRORUROMwXORLM/:A9F?
\/UUUUUUUU/j^A/B3/
ORTOXM/3;25/95425I/8;/94<219A;/=^A/8345B/1BEA42=915//3;;5/Ab45?
\/UUUUUU/j585/43:3031//305I/141>16\;3/
/B1B/9AB/14A=15?
\/UUUUSj/1\
431/1;;A//a650a634/E3;;A5I/./3=24585/7/:38585//2A85/E3;;A5/3;245\
PvKqMlXJMXMZOXPXJRMSPQRTPSQXMXVYOKLnMZXQRMvKoROMUOKLRMZXOVRM
RWRnMNLMoRmRLnMKURSYKMXMKOYSNXMQRTPSQXMKLMLMUKOYKLMRLYKoKJMUX\
WXUKQKLMVJKLMNLMXVYOKLMPXMJKLUVWSPXnMTUKOSKMHXLMUKOYbRLMRLYKoKJM
9A0A958A;/6=;/5A;/A624A;k~?

UUUD\.//a\.//q\//f\2//V\//g\2//n\2//o\d//h\/

/DE\2/

\/6jvwUUjUjU
j/5031/MoRPQRQXOKLMQRLYKMTOJKM]RTOXJRM/E3;;A5;/
9641A;5;?

r$! "#$ , &(%*(%,(*)(2 ,*

#*&$

\/6j4Uvw4SUU/d05/9ABE543936/
E345=23//8143]^A/85/3BE43;5I/8;/E5E71;/3;25:5B/;Ab//B3;5?/dG\
93]^A/H3125C/ ;/:3`3;C/E545/C/EA4/BA21:A/83/90543`5h/./D>65/1=6=\
8A6/5/465/527/ /95;5/83/_ 5415/}/5/D>65/9c3>A6/E342A/85/95;5~I/;3/
PuXMvXVoRLLRMXMLSPKWMQKMUOKLRnMXMLRPYSQXMTUKOSKMKJ|sNVXMKMpNVKM
1=6=8A6/5/465/527//95;5/83/_ 5415/}/1=6=8A6/1=906;1:3/5/95;5~?/
g65=8A/MLSNPSTUKMHZROYXMQRZnM[MZORZXLStuXMVKPQXMLSNPSTUKM
i1=906;1:3kC/7/E542<9605/83/1=906;^A?

45;3/7/5/;6E34EA;1]^A/83/8A1;/i5kC/>3450B3=23/5/E43EA;1]^A/
i5k/3/A/5421>A/5};~C/EA83=8A/;34/25Bb7B/5/E43EA;1]^A/i5k/3/A/E4A\
=AB3/83BA=;24521:A/5};~/A6/5/E43EA;1]^A/i5k/3/A/i5k/1=19150/8A;/
E4A=AB3;/83BA=;24521:A;/5a6303;};~C/5a6305};~/3/5a610A?/d;;5/;6\
E34EA;1]^A/7/B549585/EA4/6B/593=2A/>45:3/}s~?
.;;1BC/3B/:3`/83/3;943:34BA;/i3=243>5BA;/5/B34958A415//
:3=838A45kC/i3;25/b06;5/7/1>650//a63/9ABE45;23k/A6/i303;/83:3\
415B/234/9ABE543918A/a6305/H3;25kC/83:3BA;/;Ab43EA4/A;/8A1;/
tu/3/1=81954/3;;3/H52A/9AB/6B/593=2A/>45:3h/id=243>5BA;/5/B34\
958A415/ /:3=838A45k?/id;25/b06;5/7/1>650/ /a63/9ABE45;23k?/id03;/
83:3415B/234/9ABE543918A/ a6305/H3;25?k
1c

\/SUUqUU/yAB5BA;/A/43B781A/>A25//
>A25I/d=H43=2545B\;3/9545//9545?
\/SUUqUU/8/
8A3=23/HA1/;6bB3218A//81325/03:3/}=A/B5;9?//HA1/;6bB3218A/5/
ORZXVLXnMKMYOKYKJRPYXMZOXWXPNKQXnMRYUqMXORTOXMYROPSPvXM/;515/3/
|WVLKMPXMJKLUqM|MZORTOXMYROPSPvXMKMoRLYSQXq

012345
\/U4U/*/a63/
5421;25/23/43H343;'
\/SUUUUT4
U4U4Uvw/54A\
815=8A/34=5=8A/3;;A5C/268A/:503//E3=5/a65=8A/5/50B5/=^A/7/
E3a63=5???
UWj
UUU/d=:15BA;/6B/2303>45B5/
/_ 541;5I/d=:15BA;/6B/2303>45B5//_ 541;5?/dB/EA426>6F;C/5=23;/
83/6B/=AB3/83/E3;;A5C/EA83\;3/A6/=^A/3BE43>54/A/5421>A/i5k/}i./
_ 541;5/7/6B5/bA5/B3=1=5k?/86/i_ 541;5/7/6B5/bA5/B3=1=5k~?/A4/
1;;AC/B3;BA/a63/5/E43EA;1]^A/3;23e5/E43;3=23C/5/945;3/7/H59602521\
:5?/g65=8A/A/=AB3/E4fE41A/H3B1=1=A/:134/59ABE5=c58A/83/6B5/
RZORLLuXMVRMXMQRYROJSPRnMvKoROpMUOKLRMZXOVRMXMKOYSNXMQRTPSQXM
3;254D/E43;3=23?/3819A/3;25/95=]^A/ /5=81=c5/8A/_ 5eA4/g63:3\
8A?/A./}5421>A~/5=81=c5/8A/_ 5eA4/g63:38A/7/H5=D2195/EA4/;343;25?B
\/UUUUUUj/
3816/1=HA4B5]3;/ /B1=c5/;39432D415I/3816/1=HA4B5]3;//B1=c5/
;39432D415?/./3GE0195]^A/7/18F=2195/ /8A/123B/5=2341A4h/A/E4A=AB3/
58e321:A/EA;;3;;1:A/593125/5421>AC/B5;/=^A/A/3G1>3/}i_ 1=c5/;3943\
2D415/7/3G1>3=23?k/86h/i./B1=c5/;39432D415/7/3G1>3=23k~?/A425=2AC/
B3;BA/9AB/5/E43;3=]5/85/E43EA;1]^AC/5/945;3/7/H59602521:5?
\/tutwvuwvtwwwC/
A/6;A/83/593=2A/1=819521:A/83/945;3/=^A/7/H59602521:A/}9A=HA4B3/A/
95;AC/;34D/E4A1b18A/A6/Ab41>52f41A~h/./B1=c5/918583/7/B30cA4/a63/5/
265?/8/593=2A/1=819521:A/83/945;3/7/E4A1b18A/EA4a63C/=A/B5;9601=AC/
TUKOSKMKLLSJM5MJRVMLsYSXM[MJRWvXOMVRMXMYRVMPuXMvpMZORZXLStuXnM
KZRPKLMXMKOYSNXMQRTPSQXqM3LYKMNOKoVOKM[MLRJRWvKPYRMNMPXLLKqM5M
KURPYXMSPQSUKYSoXMQRMUOKLRM[MX|OSNKY$OSXMZXOVRnMPXMJKLUVWSPXnMT\
95415/5;;1Bh/d;23/a6584A/7/;3B30c5=23/5A/=A;;A/}E43;3=]5/83/E43\
ZXLStuXMMKOYSNXMQRTPSQXq
UURUU
UU/3=243/5;/0A95018583;C/cD/5;/a63/58\
B123B/5421>A/5=23;/83/;1/3/5;/a63/=^A/A/58B123B?/A4/5</;3/8386`/
a63C/815=23/85;/E41B3145;C/83;83/a63/9ABE4A:585/5/E43;3=]5/83/
E43EA;1]^AC/EA83/A9A4434/945;3I/815=23/85;/;3>6=85;C/=^A?/545/;3/
;5b34/;3/A/=AB3/83/6B5/0A95018583/593125/5421>AC/83:3\;3/;6b;212614/
A/:34bA/85/H45;3/E30A;/:34bA;/3;254/A6/:14?/@3/A9A4434/5/9ABb1=5]^A/
i=5k/9AB/A/:34bA/3;254/A6/i85k/9AB/A/:34bA/:14C/c5:34D/945;3/9AB/
A/i5k/85/H45;3/A41>1=50?/@3/A9A4434/i3Bk/A6/i83kC/=^A/c5:34D/945;3h/
d=:1A6/;36;/43E43;3=25=23;/ /545<b5/}3;2A6/=5/545<b5I/:1B/85/5\
45<b5~I/8/5:1^A/8141>15\;3//@5=25/52541=5/}3;2A6/3B/@5=25/52541\
=5I/:1B/83/@5=25/52541=5~I/4323=8A/14/ /d64AE5/}3;2A6/=5/d64AE5I/
:1B/85/d64AE5~?/8;/=AB3;/83/0A95018583;/a63/=^A/58B123B/5421>A/
E5;;54^A/5/58B121\0AC/a65=8A/:1343B/83234B1=58A;?/A42A/.03>43/
1=83234B1=585B3=23/=^A/593125/5421>Ah/zA6//A42A/.03>43/}3;2A6/
3B/A42A/.03>43I/:1B/83/A42A/.03>43~I/_ 5;C/59ABE5=c5=8A\;3/83/
6B5/3GE43;;^A/a63/5/83234B1=3C/E5;;54D/5/58B121\0Ah/zA6/ />45=83/
A42A/.03>43/}3;2A6/=5/>45=83/A42A/.03>43I/:1B/85/>45=83/A42A/
.03>43~I/(4<5BA;/M[ KQOSMZKOKMTUKOMYO{LMQSKLM#OsKJXLMNM[ KQOSMQKLM
YXVOKQKLMZKOKMTUKOMYO{LMQSKLq
1r

\/UUU7jU47jU47j/
a65=8A/5/E43EA;1]^A/i5k/;64>3/815=23/83;;3;/83BA=;24521:A;C/83:3\
BA;/;Ab43EA4/3;;5/E43EA;1]^A/ /E41B3145/03245/8A;/83BA=;24521:A;/
3/1=81954/A/H3=B3=A/B3815=23/6B/593=2A/>45:3h/d=:131/9A=:1\
23;/ a6305/;A9138583/}/5//5a6305~I/./;A06]^A/=^A/;3/430591A=5/
a6303;/E4Ab03B5;/}/5//5a6303;~I/j^A/831/523=]^A/ a610A/}/5//
5a610A~?/./;1BE03;/1=234E4325]^A/85/H45;3/eD/=A;/H5`/9A=90614/;3/A/
i5k/1=19150/8A/83BA=;24521:A/7/;1BE03;/A6/86E0A?/d=24325=2AC/E545/
B51A4/;3>645=]5C/EA83BA;/6;54/A/;3>61=23/5421H<91Ah/@6b;212614/A;/
83BA=;24521:A;/5a6303};~C/5a6305};~C/5a610A/E30A;/83BA=;24521:A;/
3;23};~C/3;25};~C/1;2AC/43;E3921:5B3=23?/@3C/5=23;/83;23;/021BA;C/;64\
>14/5/E43EA;1]^A/i5kC/3;254D/9ABE4A:585/5/c1Ef23;3/8A/593=2A/83/
945;3/;Ab43/A/i5k/1=19150/8A;/E4A=AB3;/5a6303};~C/5a6305};~C/5a610A?/
@3/=^A/;64>14/5/E43EA;1]^A/i5kC/3;254D/=3>585/5/c1Ef23;3/83/945;3?/
d=:131/95425;/ a63053BE43;5?/d=:131/95425;//3BE43;5I/./;A\
06]^A/=^A/;3/430591A=5/ a6303;/E4Ab03B5;?/./;A06]^A/=^A/;3/4305\
91A=5//E4Ab03B5;I/j^A/831/523=]^A/ a610A?/j^A/831/523=]^A/
wI/./;A06]^A/345/a6305/5E43;3=2585/A=23B?/./;A06]^A/345//
5E43;3=2585/A=23B?
\/vUwMVKPQXMKMRZORLLuXMUKLKMLSNPSTUKMHWKOZnM
i8AB19<01Ak/3/=^A/:3B/59ABE5=c585/83/58e321:A/A6/0A96]^A/58\
e321:5C/=^A/cD/945;3h/c3>5BA;/503>43;//95;5I/.;;1B/a63/;516/8A/
3;9412f41AC/8141>16\;3//95;5I/(43BA;//95;5/ /=A121=c5?/_ 5;C/;3/5/
ZKWKoOKMUKLKMRLYSoROMJXQSTUKQKMZXOMKQJRYSoXMXVMWXUVtuXMKQJRYSoKnM
3=2^A/c5:34D/945;3h/!3:545B\B3/ /95;5/83/!915I/141>145B\;3/ /
95;5/85;/BDa61=5;I/(43BA;/ /3=95=258A45/95;5/83/95BEA/85/H5B<015/
@A6;5?
\/vw/j^A/cD/945;3C/a65=8A/5/E505:45/23445/;1>\
PSTUKMXMXZXLYXMKMHJKOZnMHKOZMXVMH|XOQXZM5LMJKOSPvRSOXLMTUKOKJM
H301`3;C/EA1;/43;A0:345B/14//23445I/8;/5;24A=5625;/83;9345B//23445/
PKMvXOKMZORoSLYKqMxpMUOKLRnMVKPQXMKMZKWKoOKMLSNPSTUKMHLXWXZnMHZWK\
=325k/A6/i06>54/A=83/5/E3;;A5/=5;936kh/8/9A0A=A/83819A6/ /23445/
A;/B30cA43;/5=A;/83/;65/:185I/zA0231/ /23445/A=83/=5;91I/z1415B/ /
y3445/A;/B54915=A;'
\/vU3w/j^A/;3/6;5/945;3/815=23/85/E505:45/81;\
2=915C/5/B3=A;/a63/;3/24523/83/81;2=915/83234B1=585h/z15\;3/6B/
BA=;24A/B541=cA/ /81;2=915/83/a61=c3=2A;/B324A;I/d;2D:5BA;/ /
81;2=915/83/8A1;/a610B324A;/8A/;<21AC/a65=8A/59A=23936/A/591\
83=23?/_ 5;h/*/81;2=915C/:15\;3/6B/b549A/E3;a6314AI/80c5:5\=A;/
/81;2=915?
\//yA8A/E4A=AB3/430521:A/23B/6B/;6b;\
25=21:A/}3GE43;;A/A6/1BE0<912A~/9ABA/5=239383=23?/545/;5b34/;3/
3G1;23/945;3/A6/=^A/815=23/83/6B/E4A=AB3/430521:AC/83:3\;3/;6b;\
212614/3;;3/5=239383=23/EA4/6B/;6b;25=21:A/B5;9601=A?/@3/A/i5k/;3/
245=;HA4B5/3B/i5AkC/cD/945;3/815=23/8A/430521:A?/_ 5;C/;3/A/i5k/
E34B5=393/1=5023458A/A6/;3/245=;HA4B5/3B/iAkC/3=2^A/=^A/cD/945;3h/
7/E43EA;1]^A/E645/A6/E4A=AB3/83BA=;24521:Ah/./HDb4195//a63/B3/
ORTOXMZORUSLKMQRMRJZORNKQXLqM+VRMJRMORTOXMZORUSLKM
83/3BE43>58A;?~I/./95443145/ /a650/5;E14A/7/50B3e585/EA4/B612A;?/
}0
/a650/5;E14A/7/50B3e58A/EA4/B612A;?~?/j5/E5;;5>3B/
8A/5=239383=23/E545/A/B5;9601=AC/A/E4A=AB3/430521:A/=^A/EA83/;34/
;6b;2126<8AC/;Ab/E3=5/83/H50;354/A/43;60258Ah/./H3;25//a63/9ABE5\
4391/3;25:5/01=85/}=A/B5;9601=A//0
/a63/9ABE54391/3;25:5/
01=8A~?/ABA/;3/:16C/;6b;2126<BA;/H3;25/EA4/b5103C/B5;/A/E4A=AB3/
430521:A//=^A/HA1/;6b;2126<8A/EA4/=3=c6B/A624A/}A/a650/329?~?

012345
RSTU

U
\/UjqUUU4jqU
UjjqUjU7jj
UjU/ /a631B5\4A6E5C/ /B5=3145/83C/ ;/93>5;C/ /
=A123C/ ;/2A=25;C/ /HA4]5/83C/ ;/:3`3;C/ ;/3;9645;C/ /B38185/a63C/ ;/
E43;;5;C/ /96;25/83C/ /:A=2583/}83~C/ /BA85/83C/ ;/B10/B545:10c5;C/
/25483C/ ;/A12A/cA45;C/ ;/83`3;;31;/cA45;C/329?/7/bAB/=^A/9A=H6=814/
5/0A96]^A/58:34b150/ ;/:3`3;/9AB/5/3GE43;;^A/],,C/
RJMVRMPuXMvpMUOKLRMZXOVRMXMHKLZM[MKOYSNXMQRTPSQXMZVOXM3WRMLRM
5bA44393/ ;/:3`3;/}/303/;3/5bA44393/83/:3`/3B/a65=8A~I/g65=8A/
A/B53;24A/H5025/5A/3=;51AC/A/:1A01=1;25/],,/83/43>3=23/}/A/
:1A01=1;25/;6b;21261/A/B53;24A~?/
\/UjqU7jS
/d03/;516/ ;/243`3/cA45;/3/241=25/B1=62A;I/c3>5BA;/ /
6B5/cA45?/61858A/E545/=^A/9A=H6=814/5C/ /3/cD/9AB/5/3GE43;;^A/
6B5/cA45h/1;;345B\B3/a63C/85a61//6B5/cA45C/y343;5/2303HA=54D/
83/@^A/560A/}/H5025B/gE/B1=62A;/E545/A/2303HA=3B5/83/y343;5~I/
5605/;516/85a61/ /6B5/cA45I/865;/cA45;/83EA1;C/eD/21=c5/B6858A/
2A8A;/A;/;36;/E05=A;/}/a65=8A/305/;516C/A/430f>1A/B5495:5/D/cA45~I/
384A/;516/85a61//6B5/cA45/}/H5`/gE/B1=62A;/a63/303/;516~?
\/6jSUUvywjvywU
Uj/j3;;3/95;AC/B3;BA/a63/5/E505:45/;6b;3a63=23/
;3e5/B5;9601=5C/c5:34D/945;3h/jA/b5=a6323C/;34:145B/05>A;25/ /y34\
B18A4I/jA;/5=A;/gEC/5;/B60c343;/;3/5E51GA=5:5B/EA4/cAB3=;/a63/
21=c5B/A0cA;/ /.051=/30A=?
\/6jUSUUqUvjw4vw4vUw4
UUjU/141>16\;3/ /_ 5439c50/0A415=A/}/
8141>16\;3/ /*65/_ 5439c50/0A415=A~I/ABA;/ /*3==34/}HABA;/ /
0Ae5/*3==34~I/y303HA=3B/ /F65<b5/}/2303HA=3B/ /4D81A/F65<b5~?
\/6jUTj/d;25/4301>1^A/
7/;3B30c5=23/ /8A;/c1=86;/}/ /4301>1^A/8A;/c1=86;~?
\/j4U4U/5/E41B3145/3G\
E43;;^A/E383/E43EA;1]^A/i5kC/c5:3=8A/945;3/5=23;/83/E505:45/H3\
JSPSPKMQRYROJSPKQKMZRWXMKOYSNXMQRTPSQXqM0RoSQXMNMQSLUVLLuXMQRM
A=23BC/cA6:3/6B/B50\3;254/=A/5Bb13=23/}/83:18A/5A/b5460cA/83/
A=23BC/cA6:3???~I/./;3>6=85/3GE43;;^A/=^A/593125/E43EA;1]^A/i5k/
XMHKZMVRMKZKORURM[MKOYSNXMQRTPSQXnMPuXMvKoRPQXnMZXSLnMUOKLRM
585//a63;2^A/E41BA48150/3=:A0:3=8A/250/H52A/}/858A/A/E4Ab03\
B5/E41BA48150???~I/585;/5;/43;EA;25;C/A/506=A/9A=H3416/5/E4A:5/}/
858A;/A;/43;60258A;???~?/
dG906<85/5/c1Ef23;3/83/;3/245254/83/a650a634/6B/8A;/95;A;/
5=2341A43;C/83:3BA;/;6b;212614/5/E505:45/H3B1=1=5/EA4/A6245/B5;\
9601=5/85/B3;B5/H6=]^A/;1=2D2195?/@3/A9A4434/i5Ak/=A/B5;9601=AC/
c5:34D/945;3/=A/i5k/8A/H3B1=1=A?/@3/A9A4434/i5k/A6/iAk/=A/B5;9601\
=AC/=^A/c5:34D/945;3/=A/i5k/8A/H3B1=1=A?/8/E4Ab03B5C/E545/B612A;C/
9A=;1;23/3B/83;9Ab414/A/B5;9601=A/83/93425;/E505:45;/9ABA/i9A=\
906;^AkC/i:3`3;kC/i93423`5kC/iBA423kC/329?/7/=393;;D41A/3=2^A/H41;54/
a63/=^A/cD/=393;;18583/50>6B5/83/a63/5/E505:45/B5;9601=5/23=c5/
a650a634/4305]^A/83/;3=218A/9AB/5/E505:45/H3B1=1=5h/83:3/5E3=5;/
234/5/B3;B5/H6=]^A/;1=2D2195h/ABA;/ /918583/9ABE454/954=3?/}5A/
;6E34B34958A~I/381BA;/6B/H5:A4/ /81432A45?/}5A/81432A4~I/_ 612A;/
;^A/1=;3=;<:31;/ /8A4/50c315?/}5A/;AH41B3=2A~I/8;/3BE43>58A;/831\
G5B//HDb4195?/}A/3;9412f41A~I/8/E34H6B3/9c3145//4A;5?/}5/945:A~I/8/
E4AH3;;A4/9c5BA6//506=5?/}A/506=A~?
1}

ED?/./945;3/=^A/7/58B1;;<:30/3Bh
5~/ABE4A6/5/947812A?
b~/zA6/5/95;5/83/_ 5415?
9~/61/5/25c15?
8~/c3>631/5;/8A`3/cA45;?/
3~/./;3=23=]5/HA1/H5:A4D:30/5/47?/
Ea?/.;;1=503/5/AE]^A/3B/a63/H5025/A/593=2A/83/945;3h
5~/8/=1b6;/:51/9c3>54/5;/91=9A/cA45;?/
b~/8;/EA019151;/9c3>54^A/5/a650a634/BAB3=2A?
9~/j^A/;31/9ABA/43;EA=834/5/3;;5/E34>6=25?
8~/j^A/9c3>631/5/=3=c6B5/9A=906;^A?/
Eq?/.;;1=503/5/50234=521:5/9A44325h
KM5MJSPSLYOXMPuXMLRMZORPQSKMNMPRPvVJKMQSTUVWQKQRM|VOXUOpYSUKq
|M5MZORLSQRPYRMSKMKMZ[nMJKLMKMNVKOQKMXTUSKWMSKMNMUKoKWXq
9~/86:16\;3/6B5/:A`/1>650/ /a63/=A;/9c5B545/5=2341A4B3=23?
8~/@A01912A/ /z?/dG5?/a63/439A=c3]5/A;/Ab;2D960A;/a63/3;25BA;/
3=H43=25=8A?
Ef?/_ 54a63/5/50234=521:5/9A44325/a65=2A/5A/593=2A/1=819521:A/
85/945;3h
KMMUSQKQRMNMVRMJRMORTOXMLSYVKLRMRJMZWRPKMwXORLYKnMKMKWNV\
B5;/cA45;/83/_ 5=56;?
b~/3/cAe3/ /865;/;3B5=5;/3;2543BA;/0A=>3C/5/B612A;/a610\
B324A;/85a61C/5/>A`54/=A;;5;/B3439185;/H7415;?
9~/.;/5BA;245;/a63/;34:14^A/83/b5;3/5/=A;;5/E3;a61;5/3;2^A/cD/
B612A/23BEA/ /81;EA;1]^A/83/2A8A;?
8~/4/a650a634/81;2=915/E3493b15\;3/a63C/ /H5025/83/961858A;C/5/
05:A645/5B54303915/3/B649c5:5?
EV?/dB/a650/85;/50234=521:5;/A/6;A/8A/593=2A/1=819521:A/83/
945;3/7/H59602521:A'
5~/_ 1=c5;/18715;/;^A/;3B30c5=23;/ ;/;65;?/
b~/d03/23B/6B/3;210A/ /d]5/83/g6314A`?
9~/31/6B/E43;3=23/ /_ 5415=5?
8~/1`3BA;/506;^A/ /B3;B5/23A415?
3~/A42A6/A/95b30A/ /F50/A;25?
mqMH5MZX|ORMTUKMMJRQSYKOnMMYKOQRnMSPQSxRORPYRMMVRM
59A=2393/5A/;36/438A4k?
5~/ /\/5/\/5a610A
b~/5/\/5/\/ a610A
9~/5/\/ /\/ a610A
8~/ /\/ /\/5a610A
3~/ /\/ /\/ a610A
zqMHMUKLKMTUKMMQSORSYKMQRMVRJMLX|RMKMOVKnMMQVKLMVK\
845;/85/.:3=185/3=2450k?
5~/ /\/cD/
b~/5/\/
9~/5/\/cD
8~/ /\/5
3~/ /\/
Eo?/i8/>46EA/Ab38393//9AB5=8A/83/6B/E34=5Bb695=AC/
4581958A//23BEA;/3B/@^A/560AC/3/;3/3G1b3/815415B3=23//cA45/
8A/50BA]Ak?

012345
UUU}D\.~/}a\.~/}q\~/}f\~/

5~/A/\/ /\/5
b~/5A/\/cD/\/
9~/5A/\/5/\/5
8~/A/\/cD/\/5
3~/A/\/5/\/5
Eh?/ij3;25/AEA426=18583C/:A02A//43H3414\B3//E4Ab03B5;/
eD/3GEA;2A;//z?@//50>6=;/815;k?
5~/ /\/ a6303;/\/5/\/cD
b~/5/\/ a6303;/\/5/\/cD
9~/5/\/5a6303;/\/ /\/5
8~/ /\/ a6303;/\/5/\/5
3~/5/\/5a6303;/\/ /\/cD
DE?/.;;1=503/5/H45;3/>45B521950B3=23/9A44325h
KM5MXKZKMUKJSPvKoKMNMZKLLXMTOJRq
b~/141>16\;3/5A/241b6=50/81;EA;2A/ /H5054/5A/e61`?
9~/c3>A6/ /=A123C/E4391;5B3=23/5;/83`/cA45;?
8~/d;25/7/5/95;5/ /a650/B3/43H341/A=23B/ ;/E43;;5;?
3~/845/5;E145:5/5/1;2AC/A45/5a610AC/A45/5/=585?
DD?/8/_ 1=1;24A/1=HA4BA6/a63/1415/43;1;214//E43;;3;/9A=24D\
OSKLMMJXQSTUKtbRLMORWKYSoKLMMKVSLStuXMQKMUKLKMZO$ZOSKq
5~/ ;/\/ a6305;/\/
b~/5;/\/5a6305;/\/5
9~/ ;/\/ a6305;/\/5
8~/ ;/\/5a6305;/\/
3~/5;/\/ a6305;/\/

5//7/H59602521:A/A/6;A/83/945;3/5=23;/83/E4A=AB3/58e321:A/
EA;;3;;1:A/H3B1=1=A/;1=>6054/}=A;;5~?
/\/@3BE43/c5:34D/945;3/3B/0A96]3;/E43EA;121:5;C/0A96]3;/
58:34b151;/A6/0A96]3;/9A=e6=21:5;/a63/23=c5B/9ABA/=903A/6B/
;6b;25=21:A/H3B1=1=A/} /81;EA;1]^A~?
}V\~/}g\~/}n\~/}o\2~/}h\2~/}DE\~/}DD\.~/}Da\~/}Dq\2~/
}Df\~/}DV\2~

{" %)*+' 
5LMLSPKSLMQRMZXPYVKtuXMLuXMLSPKSLMNOpTUXLMRJZORNKQXLMPKMWsP\
NVKMRLUOSYKMZKOKMYRPYKOMORUVZROKOMORUVOLXLMRLZRUsTUXLMQKMWsPNVKMxK\
0585C/251;/9ABAh/3=2A=5]^AC/eA>A/83/;10F=91AC/E56;5;C/329?

MSPQSUKOMXMTPKWMQRMVJKMxOKLRMQRUWKOKYSoKMGRJ|OXJRMJVSYXM
b3B/8303?
\/;3E5454/E34<A8A;/3=243/;1h/195/9AB1>A?/j^A/:D/3BbA45?
\/=5;/5b43:152645;h/.:?I/z?/dG?

Da?/./506;^A//03Bb45=]5;/85/95;5/B5234=5/245`15//2A=5/
6B5/:1:F=915//a650/eD/c5:15/43=6=9158A?
5~/ ;/\/5/\/5
b~/5;/\/ /\/cD
9~/5;/\/5/\/
8~/ ;/\/ /\/
3~/ ;/\/5/\/cD
Dq?//;3/5/9c5:3/5A/;514/A6/3=2454//aE/cA45;?
5~/5Ef;/ ;
b~/5Ef;/5;
9~/5Ef;/85;
8~/5Ef;/5
3~/5Ef;/

Tj47/6;585/E545/B54954/6B5/E56;5/8A/3=6=9158A/
UXJMKMTPKWSQKQRMQRMPXLMSPQSUKOMVRMXLMYROJXLMZXOMRWKMLRZKOKQXLnM
5E3;54/83/E542191E543B/85/B3;B5/H45;3/A6/A45]^AC/=^A/HA4B5B/
6B5/6=18583/;1=2D2195h/!915C/3;EA;5/83/"A^AC/HA1/5/>5=c58A45/=1\
95/85/@3=5?
A83BA;/9A=90614/a63C/a65=8A/cD/6B5/4305]^A/;1=2D2195/3=243/
234BA;/85/A45]^AC/=^A/;3/EA83/;3E54D\0A;/EA4/B31A/83/:<4>605?/j^A/
;3/;3E545B/EA4/:<4>605h
\/E4381958A/83/;6e312AI
\/Abe32A/83/:34bAI
\/58e6=2A/58=AB1=50/83/=AB3I
\/9ABE03B3=2A/=AB1=50/83/=AB3I
\/E43819521:A/8A/Abe32A/8A/Abe32AI
\/A45]^A/E41=91E50/85/;6bA481=585/;6b;25=21:5/}83;83/a63/3;25/
=^A/;3e5/5EA;121:5/=3B/5E543]5/=5/A483B/1=:34;5~?
Tj

Df?//815;/=^A/;3/9A=;3>63/9c3>54//=3=c6B5/85;/0A9501\
8583;//a63/A;/;A9A44A;/;3/83;21=5B?
5~/D/\/ /\/5
b~/./\/5/\/5
9~/4/\/ /\/5
8~/D/\/5/\/5/
3~/4/\/5/\/5
DV?/1a63//:A=2583I/3;2A6//;36/1=2314A/81;EA4/E545/A6:14/
A/a63/23B//81`34?
5~/5/\/ //5
b~/ /\/5//5
9~/ /\/ //5
8~/ /\/ //
3~/5/\/5/\/5
1

7/62101`585/=5;/;3>61=23;/;1265]3;h
\/;3E5454/A/:A9521:Ah/_ 5415C/245>5\B3/6B5/G<9545/83/95H7I/./
38695]^AC/B36;/5B1>A;C/7/H6=85B3=250/E545/A/E4A>43;;A/8A/E5<;?
\/;3E5454/50>6=;/5EA;2A;h/z508323C/B1=c5/5=21>5/3BE43>585C/
3;23:3/5a61/A=23B?
\/;3E5454/A/58e6=2A/58:34b150/5=2391E58A/A6/1=23495058Ah/c3\
>5=8A/83/:15>3BC/E4A9645431/EA4/:A9FI/.;/E3;;A5;C/B6125;/:3`3;C/
;^A/H50;5;?
\/;3E5454/303B3=2A;/83/6B5/3=6B345]^Ah/4391;5\;3/83/E38431\
4A;C/;34:3=23;C/B3;243\83\Ab45;?
\/1;A054/3GE43;;3;/83/954D234/3GE019521:A/A6/9A44321:Ah/.B5\
=c^C/A6/B30cA4C/83EA1;/83/5B5=c^/EA83BA;/=A;/3=9A=2454/E545/
5934254/5/:15>3B?
\/;3E5454/9A=e6=]3;/1=234950585;h/j^A/c5:15C/EA47BC/BA21:A/
E545/25=25/451:5?

012345
\/;3E5454/A/9ABE03B3=2A/E03A=D;219A/5=2391E58Ah/./B1BC/=585/
B3/1BEA425?
\/1;A054/A/=AB3/83/06>54/=5/1=8195]^A/83/8525;h/230A/A41`A=\
23C/ag/83/e5=314A/83/aEDD?
\/;3E5454/234B A;/9AA483=58A;/5;;1=87219A;h/i!65C/065C/065C/
065C/EA4/6B /B AB 3=2A/B 36/95=2A/9A=21>A/9AB E59265???k/}5325=A/
z30A;A~
\/B54954/5/AB1;;^A/83/6B/234BA/}=A4B50B3=23/A/:34bA~h/d05/
E43H343/034/eA4=51;/3/36C/43:1;25;?/}AB1;;^A/8A/:34bA/E43H3414~
y34BA;/9AA483=58A;/01>58A;/E305;/9A=e6=]3;/3C/A6C/=3B/81;\
E3=;5B/A/6;A/85/:<4>605h/A=:34;545B/;Ab43/H623bA0C/4301>1^A/3/
EA0<2195?/j^A/;3/H505:5B/=3B/;3/A0c5:5BI/.1=85/=^A/B3/839181/;3/
:15e5431/E545/25c15/A6/354D?/d=24325=2AC/;3/3;;5;/9A=e6=]3;/5E5\
ORURORJMORZRYSQKLnMUXJMKMTPKWSQKQRMQRMQKOM{PxKLRnMXMVLXMQKMosONVWKM
E5;;5/5/;34/Ab41>52f41Ah/j^A/H61/=3B/5A/:30f41AC/=3B/5A/3=2344AC/
=3B/ /B1;;5/83/;721BA/815?
TjqU
7/62101`585/=5;/;3>61=23;/;1265]3;h
\/;3E5454/5;/A45]3;/;6bA481=585;/58e321:5;/3GE019521:5;h/_ 36/
E51C/83/a63B/>6548A/5B54>5;/03Bb45=]5;C/BA45/=A/*1A/83/"5=314A?
\/;3E5454/5;/A45]3;/9AA483=585;/;1=872195;/3/5;;1=872195;/}3G\
932A/5;/1=191585;/E305/9A=e6=]^A/i3kh/.9A4831C/2AB31/B36/b5=cAC/
9AB1/50>A/3/;5</E545/A/245b50cAI/d;268A6/B612AC/B5;/=^A/HA1/5E4A\
:58A/=A/3G5B3?
D/24F;/95;A;/3B/a63/;3/6;5/5/:<4>605/5=23;/85/9A=e6=]^Ah
\/a65=8A/5;/A45]3;/9AA483=585;/21:343B/;6e312A;/81H343=23;h/
8;/419A;/3;2^A/9585/:3`/B51;/419A;C/3/A;/EAb43;C/9585/:3`/B51;/
EAb43;?
MVKPQXMKMUXPJVPtuXMRMoSROMORZRYSQKMUXJMKMTPKWSQKQRMQRMQKOM
F=H5;3/}EA01;;<=832A~h/d/9cA45C/3/41C/3/>4125C/3/E605/83/503>415?
\/a65=8A/5/9A=e6=]^A/3/5;;6B14/:50A43;/81;21=2A;/a63/=^A/;3e5/
85/581]^A/}58:34;18583C/9A=;3a6F=915C/EA4/3G3BE0A~h/A12585/d;\
268A6/B612AC/3/51=85/5;;1B/=^A/HA1/5E4A:585?
\/;3E5454/A45]3;/;6bA481=585;/58:34b151;/}83;3=:A0:185;/A6/
4386`185;~C/E41=91E50B3=23/;3/3;21:343B/5=23EA;25;/ /A45]^A/E41=\
91E50h/ijA/BAB3=2A/3B/a63/A/21>43/;3/05=]5:5C/964:A6\;3/51=85/
B51;I/3/H6>1=8A/9AB/A/9A4EA/5E43;3=2A6/A/>5=9cA?k/}8/;30:5>3B/
\/"A;7/83/.03=954~
\/;3E5454/5;/A45]3;/1=234950585;h/i\/@3=cA4C/81;;3/A/:30cAC/23\
=cA/>45=83;/9A=23=25B3=2A;/3B/5/3;254/E05=25=8A???k?/d;;5;/A45\
]3;/EA834^A/234/;65;/:<4>605;/;6b;2126<85;/EA4/86E0A/245:3;;^Ah/
i@3=cA4/\/81;;3/A/:30cA/\/23=cA/>45=83;/9A=23=25B3=2A;/3B/5/3;254/
E05=25=8A???k
\/;3E5454/5;/A45]3;/;6b;25=21:5;/5=23EA;25;/ /E41=91E50h/g65=\
2A/96;25/:1:34C/4350B3=23/=^A/;31?
Tj|
\/;3E5454/A;/123=;/83/6B5/031C/83/6B/839432AC/83/6B5/E321]^AC/
83/6B5/;3a6F=915C/329h/
.42?/Dan//@^A/E3=5018583;/81;91E01=543;h
(\/58:342F=915I
((\/;6;E3=;^AI
(((\/83B1;;^AI
(z\/95;;5]^A/83/5EA;3=258A415/A6/81;EA=1b1018583I
z\/83;21261]^A/83/954>A/3B/9AB1;;^AI
z(\83;21261]^A/83/H6=]^A/9AB1;;1A=585?/}95E?/z/85;/E3=50185\
83;/14312A/.8B1=1;24521:A~
1

\/;3E5454/A45]3;/9AA483=585;/B612A/3G23=;5;/A6/A45]3;/
9AA483=585;/=5;/a651;/eD/23=c5B/218A/62101`58A/5/:<4>605h/i8/4A;2A/
83/23`/5B54303=25/3/H31]3;/1=3GE43;;1:5;C/=6B5/a6132683/5ED2195C/
ROKMZOXPVPUSKQKJRPYRMoVWYVXLXnMXMVRMJKSLMLRMKURPYVKoKMPXMTJMQKM
:185C/a65=8A/5/b4A=a6123/94=195/83/a63/;AH415/83;83/BA]A/;3/HA1/
245=;HA4B5=8A/3B/AE43;;A45/5;B5/9548<595I/A;/0Db1A;/>4A;;A;C/A/
1=H341A4/6B/25=2A/23=;A/}???~k/}z1;9A=83/83/y56=5~
iUU
\/1=19154/5/H505/8A;/E34;A=5>3=;h/d=2^A/A/E5843/43;EA=836h/
5425/5>A45?
\/5=23;/83/5EA;2A;/A6/A45]3;/5EA;121:5;C/3=6B345]3;/A6/
;3a6F=915/83/E505:45;/a63/3GE0195BC/43;6B3B/18315;/5=2341A43;h/
_ 36;/5B1>A;/;^A/EA69A;h/D21B5C/*A841>A/3/F10b342A?
\/5=23;/83/9125]^Ah/ABA/eD/81`15/z1=<916;/83/_ A451;h/ig63/
XMKJXOMPuXMLRJKMRYROPXMZXLYXMVRM[MUvKJKnMJKLMVRMLRJKMSPTPSYXM
3=a65=2A/8643?k
k
\/dB/E34>6=25;/814325;h/ABA/:A9F/;3/9c5B5'
\/4;/:3`3;C/e6=25B3=23/9AB/A/EA=2A/83/3G905B5]^Ah/g63B/
>5=cA6/=5/0A23415'/zA9F?/d6'
RS}
\/.Ef;/:A9521:Ah/i5423C/30130k/}/.;/:1A0325;/83/jA;;5/@45?\/
6Bb342A/83/5BEA;~?
\/.Ef;/1BE34521:Ah/503\;3
\/.Ef;/1=234e31]^Ah//H5/.1
\/.Ef;/E505:45;/A6/H45;3;/a63/83=A23B/954D234/3BA91A=50h/g63/
E3=5
8U
\/1=81954/8:185;/A6/c3;125]^A/8A/H505=23h/@5b3???36/a63415/23/
81`34/a63???3;a6393?
\/1=23446E]^A/83/6B5/H45;3/831G585/>45B521950B3=23/1=9AB\
E0325h/.0/"A^A/3;2D'/.>A45/=^A/;3/3=9A=245?/g63B/;5b3/;3/01>54/
B51;/25483???
MKXMTJMQRMVJKMxOKLRMNOKJKYSUKWJRPYRMUXJZWRYKMUXJMKMSPYRP\
]^A/83/;6>3414/E4A0A=>5B3=2A/83/18315h/i@65/23`C/50:5/3/E645/9ABA/
6B/HA9A/83/50>A8^AC/21=>15\;3/=5;/H593;/86=;/0A=>3;/9A4\83\4A;5???k/
}39<015\/"A;7/83/.03=954~
\/1=81954/;6E43;;^A/83/E505:45/};~/=6B5/H45;3/245=;94125h/
ig65=8A/E3=;A/3B/:A9F/}???~/B3=A;/5/H301918583?k/}5=2314A;/\/
*51B6=8A/5>=34~
UUvw
\/1;A054/E505:45;/A6/3GE43;;3;/a63/HA>3B/ /=A4B5/96025C/
9ABA/><415;C/3;245=>3141;BA;C/E505:43;C/=3A0A>1;BA;C/5495<;BA;/
3/3GE43;;3;/EAE60543;h/_ 5415/>5=cA6/6B/5E51GA=58A/if;960Ak/8A/
;36/58B1458A4I/./H3;25/=5/95;5/83/!91A/3;25:5/i9cA95=23kI/A=\
:34;5=8A/9AB/B36/;6E341A4C/831/5/303/6B/iH338b59&k/8A/;34:1]A/5/
B1B/43a63418A?
\/1=81954/6B5/9125]^A/23G2650h/i(5/:15e54/z15e31?/y41=25/3/a6524A/
oRmRLnMNLMZORLLKLnM|VxKPQXnMUXJMYXQXMXMLKPNVRMPKMxKURnMQRLTmMRM
ORTmMKMJKWKZqM5MZOKmROMQRMoSKJKOMM3tKMQRMDVRSO$L
IRnMQRPYOXMQRMVJMYORUvXMJpMQRLYKUKQXMZXOMKLZKLnMLRMTmROMPRURL\
;D41A/5/62101`5]^A/83/=A:5;/5;E5;C/3;25;/;34^A/;1BE03;?/}/~//~/~

012345
8UU
\/1;A054/E505:45;C/H45;3;/1=234950585;/83/954D234/3GE019521:A/3/
8525;h/j5/a/F63445/_ 6=8150/}Dhqh\DhfV~C/A9A4436/1=B345;/E34\
85;/c6B5=5;I/i/B5/B5=c^/0D/=A/5e5E1f/}"A95/03Bb45:5\;3/9ABA/
LRMxXOKMPKMo[LZROKnMKUXOQKOKMQRZXSLMQVJKMNOKPQRMYXOJRPYKMPXMTJM
8A/:34^Ak?/}8/B105>43/85;/9c6:5;/=A/=A483;23\/F45]5/.45=c5~
8;/E54F=23;3;/25Bb7B/EA83B/;6b;212614/5/:<4>605/A6/A/245\
:3;;^A?
UU
MQKOMSPsUSXMNMxKWKMQRMVJMZROLXPKNRJM5MTWvXMZRONVPYXVM
51C/a65=8A/9AB3]54^A/5;/5605;'
\/1=81954/B685=]5/8A/1=2340A962A4/=A;/81D0A>A;?/A62A4C/A/
a63/23=cA/7/>45:3'/j^A/;3/E43A96E3C/7/6B5/;1BE03;/1=H39]^A?/7/
;f/2AB54/6B/5=21b1f219A/3/3;254D/bAB?
\/6=14/>46EA;/83/E505:45;/a63/1=8195B/121=34D41Ah/./4A8A:15/
2307B\245;<015/3;2D/3B/E7;;1BA/3;258A?
y5Bb7B/EA83/;34/6;58A/3B/;6b;21261]^A/ /:14>605/3B/3GE43;\
;3;/A6/H45;3;/3GE019521:5;h/!6G5//5/451=c5/8A;/b51G1=cA;//7/0A145?
"
A=;21261/9585/6B5/85;/;39]3;/83/H45;3;/83/6B/3;9412A4I/9A\
B3]5/EA4/03245/B51;9605C/6B/EA69A/507B/8A/EA=2A/3B/a63/9AB3\
]5B/5;/A6245;/01=c5;?
U
eYSWSmKQXLMPKMWSPNVKNRJMUSRPYsTUKq
UU
dBE43>58A/E545/9c5B54/5/523=]^A/8A/0312A4/E545/50>6B5/=A25/
}Ab;34:5]^A~?
/
.E019585/=5;/5b43:15]3;/85;/8525;/3/3B/50>6B5;/5b43:152645;?
+T/
/;58A/E545/01>54/303B3=2A;/83/E505:45;/9ABEA;25;/3/E545/6=14/
E4A=AB3;/D2A=A;/5/:34bA;?/dG3BE0Ah/>65485\4A6E5
RSTU
ED?/.;;1=503/A/23G2A/83/EA=265]^A/9A44325h
5~/j^A/;31/;3/81;;3C/a63C/1;2A/;3/E5;;5:5C/3B/95;5/83/6B5/9A\
B5843C/B1=c5/5:f?
b~/d6/21=c5C/A/e6<`A/H459AC/3/3B/:^A/23=25:5/3B3=854\B3h/E4A\
:A95:5/41;A;C/B6GAGA;C/E505:43;?/
9~/./3;23;C/EA47BC/A/B51;/a63/EA83/59A=23934/7/a63/;3/415B/
8303;/A;/A624A;C/;3B/a63/3;23/41;A/A;/1BE3]5/83/9A=;34:54/5;/;65;/
4A6E5;/3/A/;36/950]58A?
8~/j5/91:101`5]^A/3/=5/H45a63`5/15/E545/A=83/B3/1BE3015B/
B612A/8f910/B612A/03:3C/9ABA/A;/E385]A;/85/95425/83/.2C/24126\
458A;/;A02A;/=A/54?/
3~/A=86`145B\B3/ /465/85/A=931]^AC/B5;/;f/B51;/25483/=A\
231C/a63/B3/59c5:5/0DC/=6B5/;505/E3a63=5?
Ea?/5;/4385]3;/5b51GAC/5;;1=503/5/a63//3;2D/EA=26585/
9A44325B3=23h/
KM5LMUKPQSQKYXLnMRJMTWKnMKNVKOQKoKJMKPLSXLXLMXMORLVWYKQXM
8A/9A=964;A?/
K

|M3JMTWKnMXLMUKPQSQKYXLnMKNVKOQKoKJnMKPLSXLXLnMXMORLVWYKQXM
8A/9A=964;A?/
UMPLSXLXLnMXLMUKPQSQKYXLMKNVKOQKoKJnMRJMTWKnMXMORLVWYKQXM
8A/9A=964;A?/
8~/8;/95=81852A;/5=;1A;A;/5>65485:5B/A/43;60258A/8A/9A=964\
LXnMRJMTWKqM
RM5LMUKPQSQKYXLnMKNVKOQKoKJMKPLSXLXLnMRJMTWKnMXMORLVWYKQXM
8A/9A=964;A?
/
(=;246]3;/E545/5;/a63;23;/83/=B34A;/Eq/3/Efh/8;/E34<A8A;/
5b51GA/5E43;3=25B/81H343=]5;/83/EA=265]^AC/5;;1=503/5/03245/a63/
9A443;EA=83/5A/E34<A8A/83/EA=265]^A/9A44325h/
Eq?
5~/A69A/83EA1;C/a65=8A/9c3>545BC/A6245;/E3;;A5;/5/436=1^A/
TUXVMJKSLMKPSJKQKqM
b~/A69A/83EA1;/a65=8A/9c3>545B/A6245;/E3;;A5;/5/436=1^A/
TUXVMJKSLMKPSJKQKqM
9~/A69A/83EA1;C/a65=8A/9c3>545B/A6245;/E3;;A5;C/5/436=1^A/
TUXVMJKSLMKPSJKQKq
8~/A69A/83EA1;/a65=8A/9c3>545B/A6245;/E3;;A5;/5/436=1^AC/
TUXVMJKSLMKPSJKQKqM
3~/A69A/83EA1;/a65=8A/9c3>545B/A6245;/E3;;A5;/5/436=1^A/
TUXVnMJKSLMKPSJKQKq
Ef?/
5~/4391;5=8A/83/B1B/E4A9643\B3I/A6/B30cA4/2303HA=3/a63/36/
:3=cA?/
b~/4391;5=8A/83/B1B/E4A9643\B3C/A6C/B30cA4/2303HA=3/a63/
36/:3=cA?/
9~/4391;5=8AC/83/B1BC/E4A9643\B3/A6/B30cA4C/2303HA=3C/a63/
36/:3=cA?/
8~/4391;5=8A/83/B1BC/E4A9643\B3I/A6/B30cA4C/2303HA=3C/a63/
36/:3=cA?/
3~/4391;5=8AC/83/B1BC/E4A9643\B3/A6C/B30cA4/2303HA=3/a63/
36/:3=cA?
EV?/8;/E34<A8A;/5b51GA/5E43;3=25B/81H343=]5;/83/EA=265]^A?/
.;;1=503/5/03245/a63/9A443;EA=83/5A/E34<A8A/83/EA=265]^A/9A44325h/
5~/"A;7/8A;/@5=2A;/E5601;25C/aq/5=A;/:1:3/=A/*1A?/
b~/"A;7/8A;/@5=2A;/E5601;25/aq/5=A;C/:1:3/=A/*1A?/
9~/"A;7/8A;/@5=2A;C/E5601;25/aq/5=A;C/:1:3/=A/*1A?/
8~/"A;7/8A;/@5=2A;C/E5601;25/aq/5=A;/:1:3C/=A/*1A?/
3~/"A;7/8A;/@5=2A;C/E5601;25C/aq/5=A;C/:1:3/=A/*1A?
Eg?/./50234=521:5/9AB/EA=265]^A/9A44325/7h
5~/y3=c5/961858AC/5A/E545H45;354/A/a63/A6:14?/jA;;5/95E59185\
83/83/4323=]^A/7/:541D:30/3/B6125;/:3`3;/1=9A=;913=23B3=23C/83264\
E5BA;/A/a63/A6:1BA;?/
b~/y3=c5/961858A/5A/E545H45;354/A/a63/A6:14h/=A;;5/95E5918583/
83/4323=]^A/7/:541D:30/3C/B6125;/:3`3;C/1=9A=;913=23B3=23C/83264\
E5BA;/A/a63/A6:1BA;?/
9~/y3=c5/961858AC/5A/E545H45;354/A/a63/A6:14/jA;;5/95E59185\
83/83/4323=]^A/7/:541D:30/3/B6125;/:3`3;/1=9A=;913=23B3=23C/83264\
E5BA;/A/a63/A6:1BA;?/
8~/y3=c5/961858A/5A/E545H45;354/A/a63/A6:14I/=A;;5/95E5918583/
83/4323=]^AC/7/:541D:30/3/\/B6125;/:3`3;/1=9A=;913=23B3=23C/83264\
E5BA;/A/a63/A6:1BA;?/
3~/y3=c5/961858AC/5A/E545H45;354/A/a63/A6:14?/jA;;5/95E591\
8583/83/4323=]^A/7/:541D:30/\/3/B6125;/:3`3;/1=9A=;913=23B3=23/
\/83264E5BA;C/A/a63/A6:1BA;?/

012345
j5;/a63;23;/En/5/DEC/A;/E34<A8A;/HA45B/EA=2658A;/83/91=9A/
HA4B5;/81H343=23;?/!315\A;/2A8A;/3/5;;1=503/5/03245/a63/9A443;EA=83/
5A/E34<A8A/83/EA=265]^A/9A44325h
En?/
5~/d=245/5/E4AEf;12AC/81;;3/.0:3;C/A/;36/BA03a63C/9A=c393/EA6\
9A/A;/83:343;/85/cA;E125018583?/
b~/d=245/5/E4AEf;12A/81;;3/.0:3;C/A/;36/BA03a63/9A=c393/EA6\
9A/A;/83:343;/85/cA;E125018583?/
9~/d=245/5/E4AEf;12AC/81;;3/.0:3;/A/;36/BA03a63/9A=c393/EA6\
9A/A;/83:343;/85/cA;E125018583?/
8~/d=245/5/E4AEf;12AC/81;;3/.0:3;C/A/;36/BA03a63/9A=c393/EA6\
9A/A;/83:343;/85/cA;E125018583?/
3~/d=245/5/E4AEf;12AC/81;;3/.0:3;C/A/;36/BA03a63/9A=c393/EA6\
9AC/A;/83:343;/85/cA;E125018583?

&(%((*+' ,*&"**2#*&
VJV

U/;^A/E505:45;/83/;3=218A/1>650/A6/5E4AG1B58A?/
dG3BE0Ah
\/.0H5b32AC/5b3938D41A?
\/2458AC/>412AC/905BA4?
\/dG21=>614C/5E5>54C/5bA014C/;6E41B14?
\/"6;2AC/9342AC/3G52AC/432AC/<=23>4AC/1BE549150?

Eo?/
5~/41B5/H5]5/95054/2121A/;6E019A6/A/BA]AC/9AB/6B/03:3/;A441;A/
a63/1B381525B3=23/;3/0c3/5E5>A6?/
b~/41B5C/H5]5/95054/2121AC/;6E019A6/A/BA]A/9AB/6B/03:3/;A441\
;A/a63/1B381525B3=23/;3/0c3/5E5>A6?/
9~/41B5/H5]5/95054/2121AC/;6E019A6/A/BA]A/9AB/6B/03:3/;A441;A/
a63/1B381525B3=23/;3/0c3/5E5>A6?/
8~/41B5C/H5]5/95054/2121A/;6E019A6/A/BA]A/9AB/6B/03:3/;A441;A/
a63/1B381525B3=23/;3/0c3/5E5>A6?/
3~/41B5/H5]5/95054/2121AC/;6E019A6/A/BA]A/9AB/6B/03:3/;A441;A/
a63C/1B381525B3=23/;3/0c3/5E5>A6?
Eh?/
5~/d45/6B/cAB3B/83/a6543=25/3/91=9A/5=A;C/b51GAC/B31A/>A4\
QXnMTLSXPXJSKMSPLSPVKPYRnMQRLYKLMVRMJRLJXML[OSKLnMYOKmRJMSJ\
E43;;A/9A=;25=23/;A441;A?/
b~/d45/6B/cAB3B/83/a6543=25/3/91=9A/5=A;C/b51GAC/B31A/>A4\
QXnMTLSXPXJSKMSPLSPVKPYRnMQRLYKLMVRMJRLJXML[OSKLMYOKmRJnMSJ\
E43;;A/9A=;25=23/;A441;A?/
9~/d45/6B/cAB3B/83/a6543=25/3/91=9A/5=A;C/b51GAC/B31A/>A4\
QXnMTLSXPXJSKMSPLSPVKPYRnMQRLYKLMVRnMJRLJXML[OSKLnMYOKmRJMSJ\
E43;;AC/9A=;25=23/;A441;A?/
8~/d45/6B/cAB3B/83/a6543=25/3/91=9A/5=A;C/b51GAC/B31A/>A4\
QXnMTLSXPXJSKMSPLSPVKPYRnMQRLYKLMVRnMJRLJXML[OSKLMYOKmRJMSJ\
E43;;A/9A=;25=23/;A441;A?/
3~/d45/6B/cAB3B/83/a6543=25/3/91=9A/5=A;C/b51GAC/B31A/>A4\
QXnMTLSXPXJSKMSPLSPVKPYRnMQRLYKLMVRnMJRLJXML[OSKLnMYOKmRJMSJ\
E43;;A/9A=;25=23/;A441;A?/

j5/B51A415/85;/:3`3;/=^A/7/1=81H343=23/6;54/6B/;1==1BA/E30A/
A624A?/dBbA45/14B5=58A;/E30A/;3=218A/9AB6BC/A;/;1==1BA;/81H3\
ORPUSKJLRnMRPYORYKPYXnMVPLMQXLMXVYOXLnMZXOMJKYSmRLMQRMLSNPSTUKtuXM
3/93425;/E4AE4138583;/a63/A/3;9412A4/=^A/EA83/83;9A=c3934?/AB/
3H312AC/3;23;/2FB/;3=218A/B51;/5BE0AC/5a6303;C/B51;/43;2412A/}5=1\
B50/3/a6584E383~I/6=;/;^A/E4fE41A;/85/H505/9A443=23C/83;525:1585C/
:60>54C/A624A;C/5A/1=:7;C/E3423=93B/ /3;H345/85/01=>65>3B/96025C/
WSYROpOSKnMUSRPYsTUKMXVMZX[YSUKMXOKQXOMRMYOS|VPXnMXUVWSLYKMRMXxYKWJX\
0A>1;25C/91=`3=2A/3/91=743A~?
./9A=241b61]^A/F439A\0521=5/7/43;EA=;D:30/E305/3G1;2F=915C/3B/
=A;;5/0<=>65C/83/=6B34A;A;/E543;/83/;1==1BA;?/dG3BE0A;h
\/.8:34;D41A/3/5=25>A=1;25?
\/y45=;0918A/3/81DH5=A?
\/@3B19<4960A/3/c3B19190A?
\/A=245:3=3=A/3/5=2<8A2A?
\/_ A450/3/72195?
\/A0fa61A/3/81D0A>A?
\/y45=;HA4B5]^A/3/B325BA4HA;3?
\/8EA;1]^A/3/5=2<23;3?
8/H52A/01=>6<;219A/83/3G1;2143B/;1==1BA;/9c5B5\;3/;1=A=<\
B15C/E505:45/a63/25Bb7B/83;1>=5/A/3BE43>A/83/;1==1BA;?
UMLuXMZKWKoOKLMQRMLSNPSTUKtuXMXZXLYKqM3RJZWXL
\/8483B/3/5=54a615?
\/@Ab34b5/3/c6B108583?
\/!A6:54/3/93=;6454?
\/_ 50/3/b3B?
MKPYXPsJSKMZXQRMXOSNSPKOLRMQRMVJMZORTXMQRMLRPYSQXMXZXLYXM
A6/=3>521:A?/dG3BE0A;h/23=81`34B5081`34C/;1BED219A5=21ED219AC/
E4A>4381443>43814C/9A=9f481581;9f4815C/3GE0<912A1BE0<912AC/521:A
1=521:AC/3;E345483;3;E3454C/9AB6=1;255=219AB6=1;25C/;1B72419A
5;;1B72419AC/E47\=6E9150Ef;\=6E9150?

DE?
5~/31GA/5A/0312A4/95096054/a65=25/E51G^A/5/b305/:1:5C/3BE43\
>A6/=5/3G396]^A/8A/95=2A?/
b~/31GA/5A/0312A4/95096054/a65=25/E51G^A/5/b305/:1:5/3BE43\
>A6/=5/3G396]^A/8A/95=2A?/
9~/31GA/5A/0312A4/95096054/a65=25/E51G^AC/5/b305/:1:5C/3BE43\
>A6/=5/3G396]^A/8A/95=2A?/
8~/31GA/5A/0312A4/95096054C/a65=25/E51G^A/5/b305/:1:5C/3BE43\
>A6/=5/3G396]^A/8A/95=2A?/
3~/31GA/5A/0312A4C/95096054/a65=25/E51G^A/5/b305/:1:5C/3BE43\
>A6/=5/3G396]^A/8A/95=2A?/

+U/;^A/E505:45;/a63/2FB/5/B3;B5/E4A==915C/3/ ;/
oRmRLMKMJRLJKMNOKTKnMJKLMLSNPSTUKtuXMQSxRORPYRqM3RJZWXL
\//};581A~C//}HA4B5/8A/:34bA/~/3//};5=2A~?
\/};6b;25=21:A~}:34bA~

UUUED\//Ea\d//Eq\//Ef\//EV\d//Eg\2//En\//
Eo\2//Eh\d//DE\2
K

I$MXMUXPYRYXM[MVRMQRYROJSPKMKMLSNPSTUKtuXMQXLMvXJOPSJXLqM
./cABA=<B15/EA83/;34/956;5/83/5Bb1>618583C/EA4/1;;A/7/9A=;183\
OKQKMVJKMQRTUS{PUSKMQXLMSQSXJKLq

012345
8/a63/9c5B5/5/523=]^A/=A;/cAB=1BA;/7/A/;36/5;E392A/H=19A/
LXJMRMXMNOpTUXMNOKTKqM0KsMLRORJMQSoSQSQXLMRJ
+U+U1>651;/=5/3;94125/3/81H343=23;/=A/
21Bb43/A6/=5/1=23=;18583/85;/:A>51;?
\/*3>A/};6b;25=21:A~/3/43>A/}:34bA~?
\/A0c34/}:34bA~/3/9A0c34/};6b;25=21:A~?
\/"A>A/};6b;25=21:A~/3/eA>A/}:34bA~?
\/.EA1A/}:34bA~/3/5EA1A/};6b;25=21:A~?
\/545/}:34bA/E5454~/3/E545/}E43EA;1]^A~?
\/4A:18F=915/};6b;25=21:A~/3/E4A:183=915/}:34bA~?
\/4;/};6b;25=21:A~C/ ;/}9A=245]^A~/3/5;/}5421>A~?
\/30A/};6b;25=21:A~C/E30A/}:34bA~/3/E30A/}9A=245]^A/83/E34A~?
+U+U/1>651;/=5/E4A==915/3/81H343=23;/
=5/3;94125?
\/.93=834/}52354C/E4/HA>A~/3/5;93=834/};6b14~?
\/A=934254/}c54BA=1`54~/3/9A=;34254/}43E5454C/3B3=854~?
\/A=9342A/}c54B A=15C/;3;;^A/B 6;1950~/3/9A=;342A/}52A/83/
9A=;34254~?
\/3>54/}2A4=54/93>A~/3/;3>54/}9A4254C/931H54~?
\/.E43]54/}83234B1=54/A/E43]AC/5:50154~/3/5E43;;54/}59303454~?
\/305/}E3a63=A/a6542A~C/;305/}54431A~/3/;305/}:34bA/;3054~?
\/3=;A/}4393=;35B3=2A~/3/;3=;A/}e6<`A~?
\/34454/}H39c54~/3/;34454/}9A4254~?
\/5]A/}E50D91A~/3/E5;;A/}5=854~?
\/345/}243E583145~/3/345/}7EA95~C/345/}:34bA~?
\/5]5/}52A/83/95]54~C/95;;5/}23918A~/3/95;;5/}:34bA/95;;54//
5=6054~?
\/3;;^A/}52A/83/93834~C/;3]^A/}81:1;^AC/43E5421]^A~/3/;3;;^A/
}23BEA/83/6B5/436=1^A/A6/3;E32D960A~?
+U+U1>651;/=5/3;94125/3/=5/E4A==915?
\/5B1=c585/};6b;25=21:A~C/95B1=c585/}:34bA~?
\/38A/}:34bA~C/938A/}58:74b1A~?
\/@AB3B/}:34bA/;AB54~C/;AB3B/}:34bA/;6B14~?
\/!1:43/}58e321:A~C/01:43/}:34bA/01:454~?
\/ABA;/};6b;25=21:A~C/EABA;/}:34bA/E4~?
\/.0683/}5:505=9c5~C/50683/}:34bA/506814~?
U;^A/E505:45;/E5439185;/=5/3;94125/3/=5/E4A==915h
A4A/3/9A64AC/93;25/3/;3;25C/3B1=3=23/3/1B1=3=23C/232=19A/3/212=1\
9AC/52A54/3/52654C/83>45854/3/83>43854C/97219A/3/;7E219AC/E43;943:34/
RMZOXLUORoROnMQRLUOStuXMRMQSLUOStuXnMSPwSNSOM/3/1=H41=>14/
C/A;;A/3/A6]AC/;383//3/9383/
C/9ABE41B3=2A/3/96BE41B3=2AC/83H3414/
/3/81H3414/nMOKYSTUKOM
MRMORYSTUKOMC/:602A;A/
/3/:6026A;A/?
UUeJKMZKWKoOKMZXQRMYROMJKSLMQRMVJKMLSNPSTUKtuXqM
./3;;3/H52A/01=>6<;219A/8D\;3/A/=AB3/83/EA01;;3B15?/dG3BE0A;h
) /26bA/83/bA4459c5/A6/E0D;219A/E545/43>54/5;/E05=\
25;/A6/5E5>54/1=9F=81A;I/D4:A43/H462<H345I/>45=83/964450/83/>58A?
(/E06B5C/E3]5/83/B3250/E545/3;943:34I/E6=1]^AI/8f?
;/9Ab414/9AB/:76C/A960254C/:1>154C/961854C/430521:A/5A/:76/
8A/E5052A?
A83BA;/91254/51=85C/9ABA/3G3BE0A;/83/E505:45;/EA01;;FB1\
95;C/A/:34bA/854/3/A;/;6b;25=21:A;/01=c5/3/EA=2AC/a63/2FB/83`3=5;/
83/593E]3;?
K

Wj5;/E505:45;/EA83B/;34/
RJZORNKQKLMPXMLRPYSQXMZO$ZOSXMXVMPXMLRPYSQXMTNVOKQXqM3RJZWXL
\/A=;246</6B/B64A/83/u?/};3=218A/E4fE41A~?
\/=1A/23B/6B/9A45]^A/83/uqMLRPYSQXMTNVOKQXq
\/.;/D>65;/uwvt/85/2A4=3145C/};3=218A/E4fE41A~?
\/.;/cA45;/15B/uwMWRPYKJRPYRnMLRPYSQXMTNVOKQXq
i/8b;34:3/5;/E505:45;/3B/83;25a63/
=A;/;3>61=23;/3G3BE0A;h
\/ABE431/6B5/9A443=21=c5/83/?
\/605=A/=585:5/3B/?
jA/E41B314A/3G3BE0AC/5/E505:45/A64A/83=A25/A6/83;1>=5/;1B\
E03;B3=23/A/9A=c3918A/B3250/E4391A;AC/23B/;3=218A/E4fE41AC/4350C/
83=A2521:A?
jA/;3>6=8A/3G3BE0AC/A64A/;6>343/A6/3:A95/41a63`5;C/EA834C/
>0f415C/06GAC/A;23=25]^AI/23B/A/;3=218A/9A=A2521:AC/EA;;61/:D415;/
9A=A25]3;/}18315;/5;;A91585;C/;3=21B3=2A;C/3:A95]3;/a63/1445\
815B/85/E505:45~?
RSTU
ED?/d;25:5/???????/5/???????/85/>63445C/EA1;/A;/cAB3=;/???????/=A;/
344A;/8A/E5;;58A?
KMRJSPRPYRnMQRwKNOKtuXnMSPUSQSOKJ
|MSJSPRPYRnMQRwKNOKtuXnMORSPUSQSOKJ
UMRJSPRPYRnMUXPwKNOKtuXnMORSPUSQSOKJ
QMZORLYRnMUXPwKNWKtuXnMSPUSQSOKJ
RMZORLYRLnMwKNOKtuXnMORUSPQSOKJ
Ea?i645=23/5/????????/;A03=3/345/????????/A/83;1=2343;;3/8A/B3;243/
815=23/85/???????/83BA=;24585/E30A/EA0<219Ak?
5~/;3]^A/\/H45>45=23/\/1=91E1F=915
|MLRLLuXMMwKNOKPYRMMSPLSZS{PUSK
9~/;3;;^A/\/H45>45=23/\/1=91E1F=915
QMURLLuXMMwKNOKPYRMMSPUSZS{PUSK
RMLRtuXMMwKNOKPYRMMSPLSZS{PUSK
Eq?j5/?????/E03=D415/3;268A6\;3/5/?????/83/814312A;/234412A4151;/5/
?????/?
5~/;3;;^A/\/93;;^A/\/3;245=>314A;
b~/;3]^A/\/93;;^A/\/3;245=>314A;
9~/;39]^A/\/;3;;^A/\/3G245=>314A;
8~/;3;;^A/\/;3]^A/\/3;245=>314A;
3~/;3]^A/\/;3;;^A/\/3;245=>314A;
Ef?D/6B5/50234=521:5/344585?/.;;1=503\5h
5~/./3B1=3=23/562A418583/595b5/83/9A=90614/6B5/:15>3B/EA0<2195?
b~/./952D;24AH3/2A4=5\;3/1B1=3=23?
9~/@65/5;93=;^A/HA1/4DE185?
8~/.;93=8345B/A/HA>A/45E185B3=23?
3~/*3593=836/A/HA>A/8A/3=26;15;BA?
EV?D/6B5/50234=521:5/344585?/.;;1=503\5h
5~/9A`34//9A`1=c54I/9A;34//9A;26454
b~/1B1>454//;514/8A/E5<;I/3B1>454//3=2454/=A/E5<;
9~/9ABE41B3=2A//B38185I/96BE41B3=2A//;5685]^A
8~/9A=;34254//5446B54I/9A=934254//c54BA=1`54
3~/9cD9545//;<21AI/GD9545//:34;A

012345
Eg?.;;1=503/A/123B/3B/a63/5/E505:45/83;259585/3;2D/1=9A443\
25B3=23/5E019585h
KMrOXVROKJJRMVJMOKJKWvRYRMQRMwXORLM]?
b~/./e6;21]5/ /5/E3=5/B3439185/5A;/83;A48314A;?
9~/4ABA:345B/6B5/H3;25/l/E545/5/9439c3?
QM0RoRJXLMLROMT[SLMKXM  /8A/83:34?
3~/./-/83/23445;/9ABE323/5A/d;258A?

XROYRPURPYRMKXMUKJZXMQKMWSPNVKNRJMRLUOSYKnMKM]RQKtuXM5T\
9150/83:3/234/5;/a65018583;/3/95459234<;2195;/3G1>185;/8A/23G2A/3;9412A/
QRLYSPKQXMNMUXJVPSUKtuXMSJZRLLXKWnMX|JRYSoKnMUWKOKnMUXOORYKMRMRTUKmq
XXOMLROMHXTUSKWZnMRZORLLuXMoRO|KWMQXLMKYXLMQXMZXQROMZ,|WSUXnM
3;;5/BA85018583/83/4385]^A/A6/83/23G2A/;6bA481=5\;3/5A;/E41=9<\
E1A;/9A=;212691A=51;/3/58B1=1;24521:A;/5E019D:31;/5/2A8A;/A;/52A;/85/
58B1=1;245]^A/Eb0195C/9A=HA4B3/3;25b30393/A/5421>A/qn/85/A=;\
21261]^A/383450h

En?8/??????/8A/E43H312A/HA1/?????/A=23B?
5~/B5=858A/\/95]58A
b~/B5=852A/\/95;;58A
9~/B5=852A/\/95]58A
8~/B5=858A/\/95;]58A
3~/B5=858A/\/95;;58A

<
(Y?)
''
J@@@@

Eo?_ 54a63/5/50234=521:5/96e5;/E505:45;/E433=9c3B/9A44325\
B3=23/5;/43;E3921:5;/0596=5;C/=5/H45;3/;3>61=23h/ij393;;125=8A/??????/
A/=B34A/8A/9542^A/8A/(@C/??????/5/8525/83/B36/=5;91B3=2A?k
KMOKYSTUKOnMZOXLUORoS
b~/E43;943:34C/81;941B1=31/
UMQRLUOSJSPKOnMORYSTVRS
8~/E4A;943:34C/E43;943:1
RMORYSTUKOnMOKYSTVRS
Eh?HMqqqqqqqqqMUSRPYsTUKMQXMZXoXMWRoXVXMKMqqqqMQRMxRSYSURSOXLMXLM
?????/3B/5;24A=AB15?k
5~/1=;1E1F=915/259c54/3GE342A;
b~/1=;1E1F=915/25G54/3GE342A;
9~/1=91E1F=915/25G54/3;E342A;
8~/1=91E1F=915/259c54/3;E342A;
3~/1=;1E1F=915/25G54/3;E342A;
DE?j5/A45]^Ah/dB/;65/:185C/=6=95/23:3/B612A/??????C/5E43;3=\
25:5\;3/;3BE43/??????/=A/?????/83/2543H5;/??????/?/.;/E505:45;/583a6585;/
E545/E433=9c1B3=2A/85;/0596=5;/;^Ah
5~/93=;A/\/05;;A/\/96BE41B3=2A/\/3B1=3=23;
b~/;3=;A/\/05;;A/\/96BE41B3=2A/\/1B1=3=23;
9~/;3=;A/\/05]A/\/9ABE41B3=2A/\/1B1=3=23;
8~/;3=;A/\/05]A/\/96BE41B3=2A/\/3B1=3=23;
3~/93=;A/\/05;;A/\/9ABE41B3=2A/\/1B1=3=23;
UUU }ED?2~}Ea?2~}Eq?.~}Ef?~}EV?2~}Eg?~}En?2~
}Eo?d~}Eh?.~}DE?2~

RiWh* hiRRi
iRiiRh

3PYRPQRLRMZXOM]RQKtuXM5TUSKWA/9A=e6=2A/83/=A4B5;/3/E4D\
2195;/a63/83:3B/43>34/5/3B1;;^A/8A;/52A;/=A4B521:A;/3/9AB6=1\
95]3;/8A/EA834/Eb019AC/3=243/;36;/81:34;A;/A4>5=1;BA;/A6/=5;/
4305]3;/8A;/f4>^A;/Eb019A;/9AB/5;/3=218583;/3/A;/91858^A;?
M]RQKtuXM5TUSKWMSPLUORoRLRMPKMUXPwV{PUSKMQRMQXSLMVPSoRO\
;A;/81;21=2A;h/5/ 43>3\;3/E305;/91F=915;/85/01=>65>3B/}BA4HA\
0A>15C/;1=25G3C/;3B=2195C/3;210<;2195/329?~I/A/;6bB323\;3
5A;/E41=9<E1A;/e64<819A/58B1=1;24521:A;/1BEA;2A;/ //=1^AC/5A;/d;\
258A;/3/5A;/_ 6=19<E1A;C/=5;/3;H345;/8A;/EA8343;/dG39621:AC/!3>1;\
0521:A/3/"68191D41A?
K1

MxXOJKMRMXMUXPYR,QXMQKM]RQKtuXM5TUSKWMQRoRJMUXPoRONSOMPKM
E4A86]^A/8A;/23G2A;/83;;5/=52643`5C/45`^A/E305/a650C/B6125;/:3`3;C/
=^A/cD/9ABA/;3E5454/6B5/8A/A624A?/(=8195B\;3C/5/;3>614C/50>6=;/
ZORLLVZXLYXLMQRMUXJXMQRoRJMLROMORQSNSQXLMXLMYRYXLMXTUSKSLq
j
MORQKtuXMXTUSKWMQRoRMX|LROoKOMXMZKQOuXMUVWYXMQXMSQSXJKMVKP\
2A/5A/07G19A/};303]^A/:A95b6054~C/ /;1=25G3/}3;2462645/>45B521950/85;/
XOKtbRLMRMNMJXOxXWXNSKMXOYXNOKTKnMKURPYVKtuXMNOpTUKMRYUqq
A4/E584^A/9602A/8A/181AB5/83:3\;3/3=23=834/5/0<=>65/43H3\
43=8585/E30A;/bA=;/>45BD219A;/3/E30A/6;A/=5;/;1265]3;/HA4B51;/
QRMUXJVPSUKtuXqM0RoRJLRMRUWVSOMQKM]RQKtuXM5TUSKWMKMROVQStuXM
B1=691A;5/3/A;/E4391A;1;BA;/:A95b60543;/a63/9415B/3=245:3;/1=\
YRSLMNMUXJZORRPLuXMQXMLSNPSTUKQXqMuXMxKmMLRPYSQXMVLKOMHZROxVPU\
Y$OSXZMRJMWVNKOMQRMHLVZROTUSKWZMXVMHQXRLYXZMRJMoRmMQRMHKUVLKtuXZM
A6/i950=15k?/@^A/83;95b18A;/25Bb7B/5;/9125]3;/3B/0<=>65/3;\
245=>3145/3/A;/0521=1;BA;C/2^A/5A/>A;2A/85/01=>65>3B/HA43=;3?/8;/
JKPVKSLMQRM]RQKtuXM5TUSKWnMVRMopOSXLM$ONuXLMY{JMxRSYXMZV|WSUKOnM
;^A/6==1B3;/3B/83;59A=;30c54/5/62101`5]^A/83/93425;/HA4B5;/;5\
945B3=251;C/E4A2A9A0543;/3/83/5=594A=1;BA;/a63/51=85/;3/033B/3B/
QXUVJRPYXLMXTUSKSLnMUXJXMHXMQSKMLMQRMJKSXnMQXMKPXMQRMLyyMQXM
=5;91B3=2A/83/jA;;A/@3=cA4/"3;6;/41;2AkC/a63/E34B5=393B/=A;/
43>1;24A;/9542A4D41A;/5=21>A;?
uXMUK|RJMYKJ|[JnMPXLMYRYXLMXTUSKSLnMUXWXVSKWSLJXLnMPRX\
0A>1;BA;C/43>1A=501;BA;C/bA483;/85/H505/3/85/01=>65>3B/A450C/b3B/
9ABA/5;/5b43:15]3;/3/1B5>3=;/;<=195;/9AB6=;/=5/9AB6=195]^A/
30324=195?
1H343=23B3=23/8A;/23G2A;/3;9A0543;C/3E1;2A0543;C/eA4=50<;219A;/
XVMKOYsLYSUXLnMKM]RQKtuXM5TUSKWMPuXMoSLKMKXMRxRSYXMRLY[YSUXMPRJMNM
A41>1=5018583?/.A/9A=24D41AC/1BE3/6=1HA4B18583C/;Ab4138583C/905\
43`5C/Abe321:18583C/=A/;3=218A/83/;3/Ab234/5/B51A4/9ABE433=;^A/
EA;;<:30/9AB/A/B<=1BA/83/43964;A;/3GE43;;1:A;/=393;;D41A;?/A425\
415;/05:4585;/;Ab/HA4B5/EA72195C/;3=23=]5;/3/83;E59cA;/3;9412A;/3B/
:34;A;/41B58A;/E3423=93B/5A/iHA090A43k/e64<819A\58B1=1;24521:A/3/
LuXMZOpYSUKLMSPKURSYpoRSLMPXLMYRYXLMXTUSKSLqMIuXMYKJ|[JMSPKURS\
YpoRSLMPXLMYRYXLMXTUSKSLMXLMosUSXLMQRMWSPNVKNRJnE4A:A958A;/EA4/
83;9618A/A6/1>=A4=915C/a63/9A=;21263B/83;:1A;/85;/=A4B5;/85/
0<=>65\E584^A?/d=6B345B\;3C/5/;3>614C/50>6=;/83;;3;/:<91A;h
UU@^A/83;:1A;h
MQKMXOYXNOKTKMHKQoSPvKOZMRJMoRmMQRMKQSoSPvKOMHRURLLuXZM
3B/:3`/83/3G93]^A?
\/85/E4A==915h/i4b4195k/3B/:3`/83/46b4195?
\/85/BA4HA0A>15h/i1=234:16k/3B/:3`/83/1=234:31A?

012345
\/85/;3B=2195h/83;5E3493b18A};3B/43964;A;~/3B/:3`/83/83;\
E3493b18A}=^A/E3493b18AC/;3B/;34/=A258A~?
\/E305/62101`5]^A/83/3;245=>3141;BA;h/>50191;BA/}8A/H45=9F;~h/
iB1;33=;9=3k/3B/:3`/83/3=93=5]^AI/5=>0191;BA/}8A/1=>0F;~h/i83\
01:34k/3B/:3`/83/3=243>5/3B/8AB19<01A?
TUU/2101`5]^A/83/E505:45;/A6/3GE43;;3;/5=594=1\
95;C/HA45/83/6;A?/dG?h/i5;1=c5k/3B/:3`/83/01>3145C/83E43;;5?
UU505:45;/=A:5;/a63C/5E3;54/83/HA4B585;/83/
59A48A/9AB/A/;1;23B5/BA4HA0f>19A/85/0<=>65C/51=85/=^A/HA45B/1=\
9A4EA4585;/E30A/181AB5?/dG?h/i1B3G<:30k/3B/:3`/83/1Bf:30C/a63/
=^A/;3/EA83/B3G34Ii250a650B3=23k/3B/:3`/83/1>650B3=23?
UU@^A/A;/344A;/83/;1=25G3/3/EA83B/;34h
\/83/9A=9A48=915h/i;Ab4A6k/B6125;/:5>5;/3B/:3`/83/;Ab4545B?/
\/83/43>F=915h//A;/9AB34915=23;/:1;5B/5E3=5;/iA/0694Ak/3B/:3`/
83/5A/0694A?/
\/83/9A0A95]^Ah/i=^A/24525:5\;3k/83/6B/E4Ab03B5/;741A/3B/:3`/
83/=^A/;3/24525:5?
j6E0A/;3=218A/=^A/1=23=91A=50?/dG?h/8/83;9A\
=c3918A/H50A6\B3/83//B^3?/}_ ^3/83/a63B'/A/83;9A=c3918A'/
A/1=2340A962A4'~
@AB/83;5>458D:30C/43;6025=23/85/e6=]^A/83/865;/
A6/B51;/E505:45;/85/958315/85/H45;3?/dG?h/5431/6B/E4FB1A/
30312A4/a63/:A254/3B/B1B/}EA4/9585/3/EA49585~?
U(=HA4B5]^A/83;=393;;5415B3=23/4386=85=23?/
dG3BE0A;h/.;/E3;;A5;/EAb43;C/2FB/81=c314AC/:1:3B/=5/
B1;7415I/8;/BA4501;25;C/a63/;3/E43A96E5B/9AB/5/BA450C/:1:3B/:1\
>15=8A/5;/A6245;/E3;;A5;?
M]RQKtuXM5TUSKWMLVZbRnMUXJXMORURZYXOnMVJMXZROKQXOMWSPNVsL\
219A/8A258A/83/6B/43E342f41A/:A95b6054/3/83/6B5/54219605]^A/:34\
b50/B1=1B5B3=23/9ABE52<:31;/9AB/A/43>1;24A/B781A/85/01=>65>3B?/
j3;;3/;3=218AC/83:3/;34/6B/23G2A/=3624AC/;3B/H5910125]3;/a63/1=\
YRPYRJMLVZOSOMKLMQRTUS{PUSKLMUXNPSYSoKLMQRMWRSYXORLMZORUKOSKJRPYRM
50H5b321`58A;?
ABA/3G93]^AC/9125B\;3/5;/95BE5=c5;/3/9AB6=1958A;/83;\
YSPKQXLMKMZ,|WSUXLMRLZRUsTUXLnMVRMxKmRJMVJKMKZOXSJKtuXMUXJM
A/43>1;24A/01=>6<;219A/8A/Eb019A/50:A?/_ 5;/3;;3/7/6B/95BEA/a63/
43HA>3/5A;/Abe321:A;/83;23/B5234150C/E545/;3/1=;3414/=A;/8AB<=1A;/3/
279=195;/85/E4AE5>5=85/3/85/E34;65;^A?
IRMXMYRYXMXTUSKWMPuXMZXQRMRMPuXMQRoRM|KSKOMKXMPsoRWMQRMUXJ\
E433=;^A/83/0312A43;/E4395415B3=23/3a61E58A;/a65=2A/ /01=>65\
NRJnMTUKMRoSQRPYRMXMxKWXMQRMVRMKMKWxK|RYSmKtuXMRMKMUKZKUSQKQRM
83/5E433=;^A/83/3=6=9158A;/;^A/9A=81]3;/1=343=23;/ /918585=15?/
j1=>67B/7/:348583145B3=23/91858^A/;3/=^A/9A=;3>63/034/3/9AB\
E433=834/A/a63/036?/8/8AB<=1A/8A/181AB5/7/3a61E5B3=2A/1=81;E3=\
;D:30/ /:185/3B/;A9138583?
(tuw wvw
.1=85/a63/EA;;5B/;34/;6b;9412A;/EA4/6B/3=23/Eb019A/}H6=\
USXPpOSXnMLROoSQXOMRYUqnMXLMYRYXLMXTUSKSLMLuX/3GE43;;^A/8A/EA834/
Eb019A/3/7/3B/=AB3/8303/a63/A/3B1;;A4/;3/9AB6=195C/;3BE43/=A;/
234BA;/85/031/3/;Ab43/52A;/=305/H6=85B3=258A;?
KK

uXMUK|RMPKM]RQKtuXM5TUSKWnMZXOYKPYXnMKMZORLRPtKMQXMHRVZM
3=6=9158A4C/83/;65;/1BE43;;3;/;6be321:5;C/;3=21B3=2A;/A6/AE1\
=13;?/_ 3;BA/a65=8A/A/5>3=23/Eb019A/B5=1H3;25\;3/3B/E41B3145/
E3;;A5C/3B/HA4B5;/:34b51;/9AB6=;/9ABAh/839054AC/43;A0:AC/83234\
B1=AC/=AB31AC/3GA=34A/329?C/7/=A;/234BA;/85/031/a63/303/A/H5`/3/7/
RJMxVPtuXMQXMUKONXMVRMRROURMVRMLRMSQRPYSTUKMRMLRMJKPSxRLYKq
8/a63/1=2343;;5/7/5a610A/a63/;3/9AB 6=195C/7/A/9A=238AC/A/
Abe32A/85/1=HA4B 5]^A?/./1B E3;;A5018583/9A=241b61/E545/5/=393;\
;D415/E584A=1`5]^AC/4386`1=8A/5/:5415b1018583/85/01=>65>3B /5/
9342A;/E5843;C/;3B /A/a63/9585/23G2A/;3415/;6;932<:30/83/1=B 345;/
1=234E4325]3;?
XXOMSLLXnMKM]RQKtuXM5TUSKWMPuXMKQJSYRMKQJRYSoKtuXqM5MKQJR\
YSoXnMKXMVKWSTUKOnMRZOSJRMXZSPSuXMRMRoSQRPUSKMVJMJVsmXMQRMoKWXOM
E3;;A50/8A/3B1;;A4?/@^A/1=59312D:31;/25Bb7B/5/EA=265]^A/3GE43;\
LSoKnMVRMKJZWSKMKMLSNPSTUKtuXMMqqqMnMXVMXMRJZORNXMQRMSPYROJRStbRLM
}8c/.c~C/a63/H6=91A=5B/9ABA/<=8193;/8A/3=:A0:1B3=2A/3BA91A\
=50/8A/43852A4/9AB/5a610A/a63/3;2D/3;943:3=8A?
@3/=A;/245b50cA;/542<;219A;C/eA4=50<;219A;/3/3;9A0543;/A/3;210A/
1=81:18650/7/3;21B6058A/3/;34:3/9ABA/81H343=9150/85;/a65018583;/
562A451;C/5/H6=]^A/Eb0195/1BE3/5/83;E34;A=501`5]^A/8A/;6e312AC/
8A/5>3=23/Eb019A/a63/3B123/5/9AB6=195]^A?/@^A/1=58B1;;<:31;C/
EA425=2AC/5;/B5495;/1=81:186501`58A45;C/5;/A6;5815;/3;210<;2195;C/5/
WSPNVKNRJMJRYKx$OSUKMXVMKMRWsZYSUKMRMKWVLSoKqMM]RQKtuXM5TUSKWM
E41B5/E305/83=A25]^AC/E305/;1=25G3/90545/3/E305/39A=AB15/:A95b6\
054C/51=85/a63/3;;5/43>605418583/1BEA=c5/93425/iBA=A2A=15/b64A\
94D2195k/5A/81;964;A?
]RKTOJKLRMVRMKMSPYROJRQSKtuXMRPYORMXMRJSLLXOMRMXMORURZ\
YXOMPKLM]RQKtbRLM5TUSKSLM[MXMU$QSNXMWSPNVsLYSUXnMQRPYOXMQXMZKQOuXM
9602A/8A/181AB5I/6B5/01=>65>3B/i=36245kC/43H343=8585/E305;/>45\
BD2195;C/8191A=D41A;/3/E30A/6;A/3B/;1265]3;/HA4B51;C/591B5/85;/
81H343=]5;/1=81:18651;C/43>1A=51;C/83/905;;3;/;A9151;/3/83/=<:31;/83/
3;9A05418583?
Wi
LMUXJVPSUKtbRLMXTUSKSLMSJZbRJMVJMYOKYKJRPYXMZXWSQXMRMORL\
E312A;A?/j5/24581]^A/1b34A\5B34195=5C/5H3125/5/2<260A;/3/5/24525B3=\
2A;/43:343=23;C/5/562A418583/Eb0195/43:305/;65/EA;1]^A/c134D4a6195/
EA4/B31A/83/HA4B5;/3/83/E4A=AB3;/83/24525B3=2A/;5945B3=251;?/
idG9303=2<;;1BAkC/i(06;24<;;1BAkC/i_ 3412<;;1BAkC/i*3:343=8<;;1\
BAk/;^A/:A9521:A;/a63C/3B/50>6B5;/1=;2=915;/8A/EA834C/2A4=545B\
\;3/1=3:12D:31;?/d=23=85\;3/a63/3;;5/;A03=18583/23B/EA4/9A=;183\
45]^A/A/954>AC/5/H6=]^A/Eb0195C/3/=^A/5/E3;;A5/83/;36/3G3493=8A?
z503/03Bb454/a63/A;/E4A=AB3;/83/24525B3=2A/;^A/Ab41>52A\
415B3=23/43>18A;/E305/23493145/E3;;A5?/@^A/344A;/B612A/9AB6=;/
9A=;246]3;/9ABA/izA;;5/dG930F=915/;A1;/bA=8A;A}5~kI/A/9A4432A/7/
izA;;5/dG930F=915/7/bA=8A;A}5~k?
./62101`5]^A/85/;3>6=85/E3;;A5/8A/E06450/}:f;~C/9AB/a63/A;/
YRYXLMXTUSKSLMZOXUVOKoKJMORoRLYSOLRMQRMVJMYXJMLXWRPRMRMUROSJX\
=1A;A/=A/E5;;58AC/7/cAe3/1=9AB6BC/5=594=195/3/E385=23C/;50:A/3B/
50>6B5;/E3]5;/A452f415;/3=:A0:3=8A/241b6=51;/A6/e61`3;C/c3483145;C/
=A/245;10C/85/24581]^A/432f4195/83/*61/254bA;5/3/;36;/;3>618A43;?
8624A/5;E392A/85;/HA4B 5018583;/43a634185;/=5/*385]^A/
5TUSKWM[MKMPRURLLSQKQRMZOpYSUKMQRMZKQOXPSmKtuXMQXLMRZRQSRP\
23;?/.;;1B C/5;/E43;941]3;/a65=2A/ /815>45B 5]^AC/3;E5]5B 3=2AC/
UKOKUYRORLMYSZXNOpTUXLMRYUqnMXLMJ XQRWXLMSPRoSYpoRSLMQRMXxsUSXnM
43a6341B 3=2AC/B 3B A45=8AC/5:1;A/3/A624A;C/507B /83/H59101254/5/
03>1b1018583C/;34:3B /E545/5>101`54/A/5=85B 3=2A/b64A94D219AC/A;/
83;E59cA;/3/A/54a61:5B 3=2A?

012345
7/25Bb7B/EA4/3;;5/45`^A/a63/a65;3/2A8A;/A;/f4>^A;/Eb019A;/
38125B/B5=651;/9AB/A;/BA830A;/8A;/3GE3813=23;/a63/1=23>45B/
;65/4A21=5/b64A94D2195?/./43;18F=915/85/*3Eb0195C/5/B545/8A;/
0RZVYKQXLnMXMIRPKQXnMXLMrOS|VPKSLMIVZROSXORLnMRPTJnMXLMZXQRORLM
dG39621:AC/!3>1;0521:A/3/"68191D41A/2FB/A;/E4fE41A;/412A;/=5/305bA\
45]^A/8A;/23G2A;/3/8A96B3=2A;/a63/0c3;/;^A/E3421=3=23;?
Ui
A6:3/6B/23BEA/3B/a63/3;943:34/b3B/345/3;943:34/i81H<910k?/
34<A8A;/0A=>A;C/;6bA481=5]3;/;693;;1:5;C/:A9Db60A;/454A;C/1=\
:34;3;/;1=2D2195;C/58e321:5]^A/1=23=;1:5C/3=6B345]3;C/>4585]3;C/
43E321]3;/3=HD2195;/eD/HA45B/9A=;183458A;/:142683;/3;210<;2195;?/
.2650B3=23C/5/:30A918583/a63/;3/1BE3/5/268A/A/a63/;3/H5`C/1=906\
;1:3/5A/3;943:34/3/5A/034C/2A4=A6/3;;3;/43964;A;/a65;3/;3BE43/Ab;A\
032A;?/Ae3C/5/9A=91;^AC/5/39A=AB15/:A95b6054C/5/E4391;^A/03G1950C/
XVMLRJKnMKMRTUpUSKMQXMQSLUVOLXnMLuXMZORLLVZXLYXLMPuXML$MQKM]RQKtuXM
5TUSKWnMJKLMQKMZO$ZOSKMWSYROKYVOKqM`KLYKMX|LROoKOMXMRLYSWXMHRPVYXZM
83/F4591015=A/*5BA;C/83/541A;/46BBA=8/83/.=84583C/83/"A^A/
5b450/83/_ 30A/j32AC/83/502A=/y43:1;5=C/B3;243;/85/01=>65>3B/
5025B3=23/9A=93=24585?
j^A/2FB/B51;/;3=218A/A;/1B3=;A;/iE4A03>B3=A;k/3/i3Gf4\
QSXLZMVRMLRMORZRYSKJMUXJXMWKQKSPvKLMPXLMYRYXLMXTUSKSLnMUXJXMXM
3G3BE0A/41;<:30/3/9541952A/a63/;3>63h
(
;
Y8=
@)
P8
8@
Y

;Y8

@
8b;34:3/a63/5b;A0625B3=23/=585/HA1/812A/A6/1=HA4B58A?
UjqUU
MORQKtuXMQKLMUXJVPSUKtbRLMXTUSKSLMX|RQRURMKMZORURSYXLMQRM
Abe321:18583C/9A=91;^AC/90543`5C/1BE3;;A5018583C/HA4B5018583C/E5\
84A=1`5]^A/3/9A443]^A/>45B521950?
.07B/83;;5;C/cD/A6245;/95459234<;2195;/9AB6=;/ /9AB6=195\
tuXMXTUSKWnMUXJXMXMRJZORNXMQRMZOXPXJRLMQRMYOKYKJRPYXnMXMYSZXMQRM
H39cA/}3=93445B3=2A~/83/6B5/9A443;EA=8F=915/3/5/HA4B5/83/183=\
YSTUKtuXMQXMLSNPKYpOSXnMUXPxXOJRMQRTPRMXM) /
(/?/8624A;/f4>^A;/3/1=;21261]3;/8A/EA834/
Eb019A/25Bb7B/EA;;63B/B5=650/83/4385]^A/E4fE41AC/9ABA/5/\
B545/8A;/3E6258A;C/A/@3=58A/383450C/A/_ 1=1;2741A/85;/*305]3;/
dG2341A43;C/81:34;A;/>A:34=A;/3;258651;C/f4>^A;/8A/"68191D41A/329?
"t)t
MORNOKMQSmMVRMYXQKMUXJVPSUKtuXMXTUSKWMQRoRMLROMxXOJKWMRM
EA0185C/1;2A/7C/5e6;2585/=^A/5E3=5;/ ;/=A4B5;/>45B521951;C/9ABA/
25Bb7B/ ;/=A4B5;/83/38695]^A/3/9A423;15?/545/1;;AC/7/H6=85B3=\
250/A/3BE43>A/83/E4A=AB3;/83/24525B3=2AC/a63/83:3B/;34/62101\
`58A;/83/HA4B5/9A44325C/83/59A48A/9AB/A/83;21=52D41A/3/5;/43>45;/
>45B521951;?
Kc

3J|XOKMXLMZOXPXJRLMQRMYOKYKJRPYXMLRMORTOKJMNMLRNVPQKMZRL\
;A5/}zA;;5/dG930F=915C/zA;;5/@3=cA415~C/5/9A=9A48=915/7/H3125/3B/
23493145/E3;;A5?
3
zA;;5/@3=cA415/H50A6/B612A/b3B?
zA;;5/dG930F=915/:51/3;90543934/A/23B5?
zA;;5/_ 5e3;2583/;5b3/a63/43;E3125BA;/;65/AE1=1^A?
3
4A=AB3;/83/24525B3=2A/9A=9A485B/9AB/E4A=AB3;/EA;;3;;1\
:A;/=5/23493145/E3;;A5?
zA;;5/dG930F=915/3;9A0c36/;36/95=81852A?/}3/=^A/i:A;;A???k~?
3
8;/58e321:A;/83:3B/9A=9A4854/9AB/A/;3GA/85/E3;;A5/5/a63/;3/
43H343/A/E4A=AB3/83/24525B3=2A?
YXLLKM3URW{PUSKMTUXVMUXPxVLXqMZKOKMvXJRJ
YXLLKM3URW{PUSKMTUXVMUXPxVLKqMZKOKMJVWvRO
zA;;5/@3=cA415/3;2D/A96E58A?/}E545/cAB3B~
zA;;5/@3=cA415/3;2D/A96E585?/}E545/B60c34~
@65/dG930F=915/\/83/a63B/;3/H505/}303305~?
zA;;5/dG930F=915/\/9AB/a63B/;3/H505/}:A9F~
$tu"t)t
.;/=A4B5;/5/;3>614/H5`3B/E5423/8A/) /
(/@
;Y8/7/A/24525B3=2A/3BE43>58A/E545/5;/;3>61=\
23;/562A418583;h
\/\P43;183=23/85/*3Eb0195I/z193\E43\
;183=23/85/*3Eb0195I/_ 1=1;24A;/83/d;258AI/FA:34=58A43;/3/:193\
NXoROPKQXORLMQRM3LYKQXMRMQXM0SLYOSYXMRQROKWM5TUSKSLMNRPROKSLM
85;/A4]5;/.4B585;I/dBb51G58A43;I/@39432D41A;/3G39621:A;/83/
_ 1=1;2741A;/3/83B51;/A96E5=23;/83/954>A;/83/=52643`5/3;E39150I/@3\
9432D41A;/83/d;258A/8A;/FA:34=A;/d;258651;I/43H312A;/_ 6=191E51;?
\/\3E6258A;/383451;/3/@3=58A43;I/
_ 1=1;24A/8A/y41b6=50/83/A=25;/85//=1^AI/3E6258A;/d;258651;/3/
1;241251;I/A=;30c314A;/8A;/y41b6=51;/83/A=25;/d;258651;I/43;1\
83=23;/85;/B545;/!3>1;0521:5;/_ 6=191E51;?
\/\A_ 1=1;24A;/8A;/y41b6=51;/@6E341A43;I/
_ 3Bb4A;/83/y41b6=51;I/"6<`3;I/.6812A43;/85/"6;21]5/_ 101254?
U
8/:A9521:A/5/;34/3BE43>58A/3B/9AB6=195]3;/8141>185;/5A;/
9c3H3;/83/EA834/7/dG9303=2<;;1BA/@3=cA4C;3>618A/8A/954>A/43;E39\
21:Ah/dG9303=2<;;1BA/@3=cA4/43;183=23/85/*3Eb0195I/dG9303=2<;\
;1BA/@3=cA4/43;183=23/8A/A=>43;;A/j591A=50I/dG9303=2<;;1BA/
@3=cA4/43;183=23/8A/@6E43BA/y41b6=50/383450?
.;/83B51;/562A418583;/83:3B/;34/2452585;/9AB/A/:A9521:A/@3\
=cA4/A6/@3=cA45C;3>618A/8A/43;E3921:A/954>Ah/@3=cA4/@3=58A4//
@3=cA45/@3=58A45I/@3=cA4/"61`/@3=cA45/"6<`5I/@3=cA4/_ 1=1;24A/
/@3=cA45/_ 1=1;245I/@3=cA4/FA:34=58A4//@3=cA45/FA:34=58A45?

012345
R

KLMUXJVPSUKtbRLMXTUSKSLMZKOKMKLMQRJKSLMKVYXOSQKQRLMRUWR\
;1D;2195;/;^A/6;58A;h/;Y8/'}E545/5493\
b1;EA;/3/b1;EA;~I/;/'A6;/
'}E545/BA=;3=cA43;C/9=3>A;/3/;6E341A43;/4301>1A;A;~I/
;/}E545/;59348A23;C/90741>A;/3/83B51;/4301>1A;A;~?

3/59A48A/9AB/A/) /(=A/3=\
:30AE3C/A/3=8343]5B3=2A/85;/9AB6=195]3;/8141>185;/ ;/562A4185\
83;/2452585;/EA4zA;;5/dG930F=915C83:3/234/5/;3>61=23/HA4B5h

WUjqU

<Y8

) Y
j'@?

3/59A48A/9AB/A/) (AH39cA/85;/9AB6\
PSUKtbRLMXTUSKSLMHZXLLVSnMKW[JMQKMTPKWSQKQRM$|oSKMQRMKOORJKYKOMXM
23G2AC/5/83/;56854/A/83;21=52D41AkC/A6/;3e5C/A/H39cA/7/5/B5=3145/83/
a63B/3GE383/5/9AB6=195]^A/83;E3814\;3/83/;36/83;21=52D41A?
.27/DhhDC/a65=8A/HA1/E6b019585/5/E41B3145/381]^A/8A/52650/
) /(/c5:15/DV/E5\
QObRLMQRMxRUvXLMZKOKMUXJVPSUKtbRLMXTUSKSLqM5M) LSJZWSTUXVM
5/01;25/34386`16\A;/5/5E3=5;/8A1;/E545/2A85;/5;/BA85018583;/83/
UXJVPSUKtuXMXTUSKWqMIuXMRWRL

<Y8


Kj'@?
<Y8

?L;'
/<jKMN
KK/@^A/560A?/@

UUE545/562A418583;/;6E341A43;C/1=906;1:3/A/
E43;183=23/85/*3Eb0195?
UE545/562A418583;/83/B3;B5/c13454a615/A6/83/
c13454a615/1=H341A4?

A=HA4B3/A/_ 5=650/83/*385]^A/85/43;18F=915C/i3B/9AB6=1\
UKtbRLMXTUSKSLnMRLYpMK|XWSQXMXMVLXMQXMYOKYKJRPYXMQSNPsLLSJXM00M
;/562A418583;/=5/01;25/5=2341A4?/./81>=18583/7/E43;;6EA;2A/E545/a63/
;3/A96E3/a650a634/954>A/Eb019AC/;3=8A/83;=393;;D415/;65/43E32185/
3:A95]^Ak?
;7/A/E4A=AB3/83/24525B3=2A/3BE43>58A/E545/
5;/83B51;/562A418583;/3/E545/E5421960543;?/8/:A9521:A/583a658A/7h/
@3=cA4/605=A/83/y50//@3=cA45/605=5/83/y50?
>
<

/<jKMN
KMN@(/

i195B/3G906<85;/83;;5/Hf4B605/5;/9AB6=195]3;/8141>185;/5/
562A418583;/3;245=>3145;C/a63/523=8343B/5/412A/3/24581]^A/E4fE41A;C/
83:185B3=23/81;91E01=58A;/=A/_ 5=650/83/*385]^A/8A/_ 1=1;2741A/
85;/*305]3;/dG2341A43;kC/81`/A/) /(
/?
./62101`5]^A/8A;/H39cA;/i*3;E312A;5B3=23k/3/i.23=91A;5B3=\
23k/7/439AB3=8585/E545/A;/B3;BA;/95;A;/E30A/) /
QKMlJKOKMQXLM0RZVYKQXLMRMZXOMXVYOXLMJKPVKSLMXTUSKSLqMEpMXLM
xRUvXLMZKOKMKLMUKOYKLMZKOYSUVWKORLMXVMSPxXOJKSLMTUKJMKMUOSY[OSXMQXM
43B323=23C/9AB/E43H34F=915/E545/5/3GE43;;^A/iA48150B3=23kC/E545/
3=934454/5/9A443;EA=8F=915/83/HA4B5/EA0185/3/;691=25?

A=HA4B3/A/_ 5=650/83/*385]^A/85/43;18F=915C/3B/9AB6\
PSUKtbRLMXTUSKSLMHTUKMQSLZRPLKQXMXMRJZORNXMQXMLVZROWKYSoXM#WVL\
24<;;1BA/E545/5;/562A418583;/a63/4393b3B/A/24525B3=2A/83/zA;;5/
IRPvXOSKMRMZKOKMZKOYSUVWKORLqMMLVTUSRPYRMXMVLXMQXMZOXPXJRMQRM
24525B3=2A/@3=cA4?/8/_ 5=650/25Bb7B/3;9054393/a63/i8A62A4/=^A/
7/HA4B5/83/24525B3=2AC/3/;1B/2<260A/5958FB19Ak?/A4/1;;AC/439A\
B3=85\;3/3BE43>D\0A/5E3=5;/3B/9AB6=195]3;/8141>185;/5/E3;;A5;/
a63/23=c5B/9A=906<8A/964;A/83/8A62A458A?/jA/3=25=2AC/43;;50:5\;3/
a63/i7/9A;26B3/83;1>=54/EA4/8A62A4/A;/b59c5471;C/3;E39150B3=23/A;/
b59c5471;/3B/14312A/3/3B/_ 38191=5k?
Vc7/A/E4A=AB3/83/24525B3=2A/8141>18A/5/
ORSYXORLMQRMVPSoROLSQKQRqMlXOORLZXPQRWvRMXMoXUKYSoXM[ KNPsTUXM
*312A4?
;7/A/E4A=AB3/83/24525B3=2A/3BE43>58A/3B/
9AB6=195]3;/8141>185;/5A/5E5?/8/:A9521:A/9A443;EA=83=23/7h/
@5=2<;;1BA/5843?
;Y;Y/'@^A/A;/
E4A=AB3;/3BE43>58A;/3B/9AB6=195]3;/8141>185;/5/9548351;?/8;/
:A9521:A;/9A443;EA=83=23;/;^Ah/dB1=3=2<;;1BA/@3=cA4/548350C/A6/
dB1=3=2<;;1BA/3/*3:343=8<;;1BA/@3=cA4/548350?
Kr

A=HA4B3/A/) 83//(/
9AB/3G93]^A/85;/9AB6=195]3;/5;;1=585;/E30A/E43;183=23/85/
]RZ,|WSUKnMRJMYXQKLMKLMUXJVPSUKtbRLMXTUSKSLMQRoRJMUXPLYKOMXM
=AB3/3/A/954>A/85/562A418583/a63/5;/3GE383C/5b51GA/83/;65/5;;1=5\
YVOKqMMxXOJKMQKMSQRPYSTUKtuXMQRoRMLROMKMLRNVSPYR

>
(/

>
) Y
/i545/3:1254/3a6<:A9A;C/439AB3=85\;3/=^A/831G54/5/5;;1=52645/
RJMZpNSPKMSLXWKQKMQXMRZRQSRPYRqMrOKPLTOKMZKOKMRLLKMZpNSPKMKXM
B3=A;/5/021B5/H45;3/5=2341A4/5A/H39cAkC/503425/A/_ 5=650?
qU* U
T
8/_ 5=650/83/*385]^A/85/43;18F=915/85/*3Eb0195/01;25/24F;/
YSZXLMQRMRZRQSRPYRMVRnMRJ|XOKMYRPvKJMTPKWSQKQRLMQSxRORPYRLnM
EA;;63B/HA4B5;/;3B30c5=23;h/+]C/)/3/ ?/./
815>45B5]^A/E4AEA;25/E545/3;;3;/3GE3813=23;/7/83=AB1=585/E5\
84^A/AH<91A?

012345
8/8H<91AC/A/.:1;A/3/A/_ 3BA45=8A/83:3B/9A=234/5;/;3>61=23;/
E5423;h
S4UjU
udG3BE0A;h
@KMNnMM) ) Y
<KMNnMM
) @KMNnMM)

iU;3/A/562A4/85/9AB6=195]^A/83;3e54/H5`34/
50>6B/9AB3=2D41A/5/43;E312A/8A/8A96B3=2A/a63/3=95B1=c5C/EA83\
4D/5943;93=254/E54D>45HA;/83/83;3=:A0:1B3=2AI3B/95;A/9A=24D41AC/
=^A/cD/E54D>45HA;/83/83;3=:A0:1B3=2A/3B/5:1;A/A6/AH<91A/83/B34A/
3=95B1=c5B3=2A?
\/W
*w

h3:3B/:14/EA4/3G23=;A/9AB/501=c5B3=2A/ /
8143125?/dG3BE0Ah
j'MMKK
UUj*3;6BA/8A/23A4/8A/8A96B3=2A?/dG3BE0A;h
<(MK@
<>@
iU8/=AB3/3/A/954>A/85/E3;;A5/5/a63B/7/8141>185/
5/9AB6=195]^A?/jA/95;A/8A/AH<91AC/83:3/;34/1=906<8A/25Bb7B/A/
3=8343]A?
SjA;/95;A;/3B/a63/=^A/HA4/83/B34A/3=95B1=c5B3=2A/
83/8A96B3=2A;C/A/3GE3813=23/83:3/9A=234/5/;3>61=23/3;2462645h
ja63/;3/9A=H6=83/9AB/A/E54D>45HA/83/5b342645C/=5/
a650/7/5E43;3=258A/A/5;;6=2A/a63/BA21:5/5/9AB6=195]^A?/d:123/A/
6;A/85;/HA4B5;h/iy3=cA/5/cA=45/83kC/iy3=cA/A/E45`34/83kC/i6B\
E43B3/1=HA4B54/a63kC3BE43>63/5/HA4B5/814325I
iU/=A/a650/A/5;;6=2A/7/83250c58AI/;3/A/23G2A/
9A=21:34/B51;/83/6B5/18315/;Ab43/A/5;;6=2AC/305;/83:3B/;34/2452585;/
3B/E54D>45HA;/81;21=2A;C/A/a63/9A=H343/B51A4/90543`5/ /3GEA;1]^AI
jURJMVRM[MORKTOJKQKMXVMLSJZWRLJRPYRMORKZORLRP\
2585/5/EA;1]^A/439AB3=8585/;Ab43/A/5;;6=2A?
8;/E54D>45HA;/8A/23G2A/83:3B/;34/=6B3458A;C/3G932A/=A;/95;A;/
3B/a63/3;23;/3;23e5B/A4>5=1`58A;/3B/123=;/A6/2<260A;/3/;6b2<260A;?
g65=8A/;3/245254/83/B34A/3=95B1=c5B3=2A/83/8A96B3=2A;C/5/
3;2462645/83:3/;34/5/;3>61=23h/
j83:3/1=19154/9AB/43H34F=915/5A/3GE3813=23/a63/
;A01912A6/A/3=95B1=c5B3=2A?/@3/5/43B3;;5/8A/8A96B3=2A/=^A/21:34/
;18A/;A01912585C/83:3/1=19154/9AB/5/1=HA4B5]^A/8A/BA21:A/85/9AB6\
=195]^AC/a63/7/3=95B1=c54C1=8195=8A/5/;3>614/A;/858A;/9ABE032A;/
8A/8A96B3=2A/3=95B1=c58A/}21EAC/8525C/A41>3B/A6/;1>=52D41AC/3/
5;;6=2A/83/a63/24525~C/3/5/45`^A/E305/a650/3;2D/;3=8A/3=95B1=c58AC/
;3>6=8A/5/;3>61=23/Hf4B605h
Y<KKMKMKK
8'NNMK
?<
@

Wi
8;/8A96B3=2A;/8A/E584^A/'83:3B/Ab383934/ /;3>61=23/
HA4B5/83/5E43;3=25]^Ah
\/83:3/;34/62101`585/HA=23/8A/21EA/y1B3;/>/AB5=/83/9A4EA/
Da/=A/23G2A/3B/>3450C/DD/=5;/9125]3;C/3/DE/=5;/=A25;/83/4A85E7I
\/E545/;<BbA0A;/=^A/3G1;23=23;/=5/HA=23//>/
EA834\;3\^A62101`54/5;/HA=23;//3/ 'I
\/7/Ab41>52f41A/9A=;254/5/E54214/85/;3>6=85/ED>1=5/A/=B34A/
85/ED>1=5I
\/A;/AH<91A;C/B3BA45=8A;/3/5=3GA;/83;23;/EA834^A/;34/1BE43;\
;A;/3B/5Bb5;/5;/H593;/8A/E5E30?/j3;23/95;AC/5;/B54>3=;/3;a63485/
3/8143125/234^A/5;/81;2=915;/1=:342185;/=5;/ED>1=5;/E543;/}iB54>3B/
3;E30cAk~I
\/A/1=<91A/83/9585/E54D>45HA/8A/23G2A/83:3/234/aCV/9B/83/81;2=\
915/85/B54>3B/3;a63485I
\/A/95BEA/83;21=58A/ /B54>3B/0523450/3;a63485/234DC/=A/B<=1\
BA/qCE/9B/83/054>645I
\/A/95BEA/83;21=58A/ /B54>3B/0523450/8143125/234D/DCV/9BI
\/83:3/;34/62101`58A/3;E5]5B3=2A/;1BE03;/3=243/5;/01=c5;/3/83/
g/EA=2A;/5Ef;/9585/E54D>45HAC/A6C/;3/A/3812A4/83/23G2A/62101`58A/=^A/
9ABEA4254/250/43964;AC/83/6B5/01=c5/3B/b45=9AI
\/=^A/83:3/c5:34/5b6;A/=A/6;A/83/=3>412AC/12D019AC/;6b01=c58AC/
03245;/B51;9605;C/;ABb4358AC/;ABb45C/4303:AC/bA485;/A6/a650a634/
A6245/HA4B5/83/HA4B525]^A/a63/5H323/5/303>=915/3/5/;Ab4138583/8A/
8A96B3=2AI
\/5/1BE43;;^A/8A;/23G2A;/83:3/;34/H3125/=5/9A4/E4325/3B/E5E30/
|OKPUXqMMSJZORLLuXMUXWXOSQKMQRoRMLROMVLKQKMKZRPKLMZKOKMNOpTUXLM
3/106;245]3;I
\/2A8A;/A;/21EA;/83/8A96B3=2A/8A/E584^A/'83:3B/;34/1B\
E43;;A;/3B/E5E30/83/25B5=cA/.fC/A6/;3e5C/ahCn/G/aDCE/9BI
\/83:3/;34/62101`58AC/E43H343=9150B3=23C/A/HA4B52A/83/54a61:A/
/8=A;/8A96B3=2A;/83/23G2AI
\/83=24A/8A/EA;;<:30C/2A8A;/A;/8A96B3=2A;/305bA458A;/83:3B/
234/A/54a61:A/83/23G2A/E43;34:58A/E545/9A=;6025/EA;2341A4/A6/5E4A\
:3125B3=2A/83/2439cA;/E545/95;A;/5=D0A>A;I
\/E545/H59101254/5/0A9501`5]^AC/A;/=AB3;/8A;/54a61:A;/83:3B/;34/
HA4B58A;/85/;3>61=23/B5=3145h/21EA/8A/8A96B3=2A//=B34A/8A/
8A96B3=2A//E505:45;\9c5:3/8A/9A=238A?/dG3BE0Ah
t@KMNMK
UTjRS

A6
Y88
KKMKKMKK(
><
7'>@
K}

uXMJXQKWSQKQRLMQRMUXJVPSUKtuXMXTUSKWMZOKYSUKJRPYRMSQ{PYS\
95;?/./=195/81H343=]5/3=243/303;/7/a63/A/5:1;A/7/3GE3818A/3G906\
;1:5B3=23/EA4/_ 1=1;24A;/83/d;258AC/E545/562A418583;/83/B3;B5/
c13454a615C/5A/E5;;A/a63/A/AH<91A/7/3GE3818A/E545/3/E305;/83B51;/

012345
562XOSQKQRLqMJ|XLMY{JMUXJXMTPKWSQKQRMXMYOKYKJRPYXMQRMKLLVPYXLM
XTUSKSLMZRWXLM$ONuXLMQKMQJSPSLYOKtuXMX,|WSUKMRPYORMLSMRnMPXMUKLXM
8A/AH<91AC/25Bb7B/9AB/E5421960543;?
g65=2A/5/;65/HA4B5C/.:1;A/3/8H<91A;3>63B/A/BA830A/8A/E5\
84^A/'9AB/5947;91BA/8A/:A9521:AC/a63/1=:A95/A/83;21=52D41AC/
;3>618A/83/:<4>605?/dG3BE0A;h
Y8'(/
)

3:3B/9A=;254/8A/95b3]50cA/A6/8A/4A85E7/8A/AH<91A/5;/;3>61=\
23;/1=HA4B5]3;/8A/43B323=23h
\/=AB3/8A/f4>^A/A6/;32A4I
\/3=8343]A/EA;250I
\/2303HA=3/3/3=8343]A/83/9A4431A/30324=19A?
5|LM[ XQRWXMPXMTPKWMQKMJKY[OSKq
* jj
8/_ 3BA45=8A7/5/BA85018583/83/9AB6=195]^A/3=243/6=18583;/
58B1=1;24521:5;/83/6B/B3;BA/f4>^AC/a63/EA83B/3;254/c13454a6195\
B3=23/3B/B3;BA/=<:30/A6/3B/=<:30/81H343=23?/y4525\;3C/EA425=2AC/
83/6B5/HA4B5/83/9AB6=195]^A/3B1=3=23B3=23/1=234=5?
A83/234/954D234/B345B3=23/58B1=1;24521:AC/A6/;34/3BE43>58A/
E545/5/3GEA;1]^A/83/E4Ae32A;C/18315;C/8143241`3;/329?/5/;343B/58A25\
8A;/EA4/83234B1=58A/;32A4/8A/;34:1]A/Eb019A?
@65/95459234<;2195/E41=91E50/7/5/5>1018583?/./245B125]^A/8A/
B3BA45=8A/3B/a650a634/f4>^A/83:3/E56254\;3/E305/45E183`/3/E305/
;1BE01918583/83/E4A9381B3=2A;/b64A94D219A;?/545/3:1254/83;=393;\
;D41A/56B3=2A/8A/=B34A/83/9AB6=195]3;C/A;/83;E59cA;/5A/B3\
BA45=8A/83:3B/;34/858A;/=A/E4fE41A/8A96B3=2A/3C/=A/95;A/83/H50\
25/83/3;E5]AC/3B/HA0c5/83/9A=21=65]^A?/d;;3/E4A9381B3=2A/E34B123/
xXOJKOMVJKMRLZ[USRMQRMZOXURLLXMLSJZWSTUKQXnMKLLRNVOKPQXMJKSXOM
245=;E54F=915/5/2AB585/83/8391;3;C/3/E34B121=8A/a63/;3/c1;2A413/A/
5=85B3=2A/85/B527415/2452585/=A/B3BA45=8A?
g65=2A/5/;65/HA4B5C/A/B3BA45=8A/;3>63/A/BA830A/8A/E584^A/
AH<91AC/9AB/5/81H343=]5/83/a63/;36/83;21=52D41A/83:3/;34/B3=91A=5\
8A/E30A/954>A/a63/A96E5?/dG3BE0A;h
<@?<
<@<'@
5|LM[ XQRWXMPXMTPKWMQKMJKY[OSKq
RSU* U
7/A/3GE3813=23/8141>18A/5A/E43;183=23/85/*3Eb0195/A6/5A/:193\
\E43;183=23/E545h
\/1=HA4BD\0A/83/83234B1=58A/5;;6=2AI
\/E4AEA4/50>6B5/B38185I/A6
\/;6bB3234/5/;65/9A=;18345]^A/E4Ae32A/83/52A/=A4B521:A?
dB/43>45C/5/3GEA;1]^A/83/BA21:A;/7/8141>185/5A/43;183=23/85/
*3Eb0195/EA4/6B/_ 1=1;24A/83/d;258A?/jA;/95;A;/3B/a63/A/5;;6=2A/
245258A/3=:A0:5/B51;/83/6B/_ 1=1;2741AC/5/3GEA;1]^A/83/BA21:A;/
83:34D/;34/5;;1=585/EA4/2A8A;/A;/_ 1=1;24A;/3=:A0:18A;C/;3=8AC/EA4/
3;;5/45`^AC/9c5B585/83/1=234B1=1;234150?
K

A4B50B3=23/5/3GEA;1]^A/83/BA21:A;/23B/5/5E43;3=25]^A/8A/
ZKQOuXMXxsUSXqM0RMKUXOQXMUXJMLVKMTPKWSQKQRnMKZORLRPYKMQVKLMxXO\
B5;/bD;195;/83/3;2462645h/6B5/E545/5a6305/a63/23=c5/954D234/3G906\
;1:5B3=23/1=HA4B521:A/3/A6245/E545/5/a63/E4AEA=c5/50>6B5/B38185/
A6/;6bB325/E4Ae32A/83/52A/=A4B521:A?
jA/E41B314A/95;AC/A/85/3GEA;1]^A/83/BA21:A;/a63/;1BE03;\
B3=23/03:5/50>6B/5;;6=2A/5A/9A=c391B3=2A/8A/43;183=23/85/*3\
Eb0195C/;65/3;2462645/;3>63/A/BA830A/5=23;/43H3418A/E545/A/E584^A/
AH<91A?
"D/5/3GEA;1]^A/83/BA21:A;/a63/;6bB325/ /9A=;18345]^A/8A/43\
;183=23/85/*3Eb0195/5/;6>3;2^A/83/50>6B5/B38185/5/;34/58A2585/
A6/5/a63/0c3/5E43;3=23/E4Ae32A/83/52A/=A4B521:AC/3BbA45/;1>5B/
25Bb7B/5/3;2462645/8A/E584^A/AH<91AC/507B/83/A624A;/9AB3=2D41A;/e60\
>58A;/E3421=3=23;/EA4/;36/562A4C/83:3BC/Ab41>52A415B3=23C/5EA=254h
\/A/E4Ab03B5/a63/3;2D/5/43905B54/5/58A]^A/85/
B38185/A6/8A/52A/=A4B521:A/E4AEA;2AI
\/)
) A/EA4a6F/83/;34/5a6305/B38185/A6/
5a6303/52A/=A4B521:A/A/18350/E545/;3/;A0691A=54/A/E4Ab03B5C/3/
3:3=2651;/50234=521:5;/3G1;23=23;/E545/3a6591A=D\0AI
\/-; ;a650/B38185/83:3/;34/2AB585C/A6/
a650/52A/=A4B521:A/83:3/;34/381258A/E545/;A0691A=54/A/E4Ab03B5?
3:3C/51=85C/245`34/5E3=;A/A/HA4B60D41A/83/5=3GA/ /3GEA;1]^A/
83/BA21:A;C/83:185B3=23/E433=9c18AC/83/59A48A/9AB/A/;3>61=23/
BA830A/E43:1;2A/=A/.=3GA/((/8A/39432A/=p/f?DngEC/83/ao/83/B54]A/
83/aEDE?
.=3GA/ /3GEA;1]^A/83/BA21:A;/8A/}1=81954/=AB3/8A/_ 1=1;2741A/
A6/f4>^A/3a61:503=23~/=p/C/83//83//83/
aED?
\/@<=23;3/8A/E4Ab03B5/A6/85/;1265]^A/a63/43905B5/E4A:18F=915;I
\/@A06]3;/3/E4A:18F=915;/9A=2185;/=A/52A/=A4B521:A/A6/=5/
B38185/E4AEA;25I
\/.0234=521:5;/3G1;23=23;/ ;/B38185;/E4AEA;25;?/_ 3=91A=54h
\/;3/cD/A624A/E4Ae32A/8A/dG39621:A/;Ab43/5/B527415I
\/;3/cD/E4Ae32A;/;Ab43/5/B527415/=A/!3>1;0521:AI
\/A6245;/EA;;1b1018583;/83/43;A06]^A/8A/E4Ab03B5?
\/6;2A;?/_ 3=91A=54h
\/;3/5/83;E3;5/839A443=23/85/B38185/3;2D/E43:1;25/=5/031/A4]5\
B3=2D415/5=650I/;3/=^AC/a651;/5;/50234=521:5;/E545/96;23D\05I
\/;3/5/83;E3;5/839A443=23/85/B38185/3;2D/E43:1;25/=5/031/A4]5\
B3=2D415/5=650I/;3/=^AC/a651;/5;/50234=521:5;/E545/96;23D\05I
\/:50A4/5/;34/83;E3=818A/3B/BA385/9A443=23I
M]KmbRLMVRMJVLYSTUKJMKMVON{PUSKMKMLROMZORRPUvSQXMLXJRPYRM
;3/A/52A/E4AEA;2A/HA4/B38185/E4A:1;f415/A6/E4Ae32A/83/031/a63/83:5/
245B1254/3B/43>1B3/83/64>F=915~?/_ 3=91A=54h
MLRMXMZOX|WRJKMUXPTNVOKMUKWKJSQKQRMZ,|WSUK
\/EA4/a63/7/1=81;E3=;D:30/5/:1>F=915/1B381525I
\/;3/;3/24525/83/E4Ab03B5/96e5/956;5/A6/5>45:5B3=2A/=^A/23\
=c5B/;18A/E43:1;2A;I
\/;3/;3/24525/83/83;3=:A0:1B3=2A/3G245A481=D41A/83/;1265]^A/eD/
E43:1;25?
\/(BE592A/;Ab43/A/B31A/5Bb13=23/};AB3=23/a63/A/52A/A6/B381\
85/E4AEA;25/EA;;5/:14/5/2F\0A~
\/.02345]3;/E4AEA;25;?/y3G2A/52650C/y3G2A/E4AEA;2AI
\/@<=23;3/8A/E543934/8A/f4>^A/e64<819A?
AB/b5;3/3B/5:5015]^A/8A/52A/=A4B521:A/A6/85/B38185/E4A\
EA;25/ /06`/85;/a63;23;/03:5=2585;/=A/<23B/DE?f?q?

012345
MxKWYKMXVMSPLVTUS{PUSKMQKLMSPxXOJKtbRLMZORLYKQKLMZXQRMKUKO\
ORYKOnMKMUOSY[OSXMQKMIV|UvRTKMZKOKMLLVPYXLMEVOsQSUXLMQKMlKLKMlSoSWnM
5/83:A06]^A/8A/E4Ae32A/83/52A/=A4B521:A/E545/a63/;3/9ABE0323/A/
3G5B3/A6/;3/43HA4B603/5/E4AEA;25?
8/E433=9c1B3=2A/Ab41>52f41A/8A/5=3GA/E545/5;/3GEA;1]3;/83/
BA21:A;/a63/E4AEA=c5B/5/58A]^A/83/50>6B5/B38185/A6/5/381]^A/
QRMKYXMPXOJKYSoXMYRJMUXJXMTPKWSQKQR
MZROJSYSOMKMKQRVKQKMORwRuXMLX|ORMXMZOX|WRJKMVRMLRM|VLUKM
43;A0:34I
\/3=;3e54/B51;/E4AH6=85/5:5015]^A/85;/81:34;5;/956;5;/8A/E4A\
b03B5/3/8A;/83H312A;/a63/EA83/234/5/58A]^A/85/B38185/A6/5/381]^A/
8A/52AC/3B/9A=;A==915/9AB/5;/a63;23;/a63/83:3B/;34/5=501;585;/
=5/305bA45]^A/83/E4AEA;1]3;/=A4B521:5;/=A/Bb12A/8A/A834/dG3\
9621:A/}:?/DE?f?q?~
\/9A=H3414/E34H3125/245=;E54F=915/5A;/52A;/E4AEA;2A;?
3;;5/HA4B5C/5A/523=834/ ;/a63;23;/a63/83:3B/;34/5=501;585;/
=5/305bA45]^A/83/52A;/=A4B521:A;/=A/Bb12A/8A/A834/dG39621:AC/
A/23G2A/85/3GEA;1]^A/83/BA21:A;/3/;36/5=3GA/9ABE03B3=25B\;3/
3/HA4B5B/6B/2A8A/9A3;Ah/=A/5=3GAC/3=9A=245BA;/6B5/5:5015]^A/
E4AH6=85/3/814325/83/2A85/5/;1265]^A/a63/3;2D/5/43905B54/5/58A]^A/
83/93425/E4A:18F=915/A6/5/381]^A/83/6B/52A/=A4B521:AI/A/E4Ab03B5/
5/;34/3=H43=258A/3/;65;/956;5;I/5/;A06]^A/a63/;3/E4AE3C/;36;/3H31\
2A;/3/;36;/96;2A;I/3/5;/50234=521:5;/3G1;23=23;?/8/23G2A/85/3GEA;1]^A/
QRMJXYSoXLMTUKnMKLLSJnMORLROoKQXMNMQRJXPLYOKtuXMQKMPRURLLSQKQRM
85/E4A:18F=915/E4AEA;25h/EA4/a63/83:3/;34/58A2585/3/9ABA/43;A0\
:34D/A/E4Ab03B5?
jA;/95;A;/3B/a63/A/52A/E4AEA;2A/HA4/a63;2^A/83/E3;;A50/}=A\
B35]^AC/E4ABA]^AC/5;93=;^AC/245=;H34F=915C/43585E25]^AC/43:34\
;^AC/5E4A:3125B3=2AC/431=23>45]^AC/439A=86]^AC/43BA]^AC/3GA=3\
45]^AC/83B1;;^AC/81;E3=;5C/81;EA=1b1018583C/5EA;3=258A415~C/=^A/7/
=393;;D41A/A/3=95B1=c5B3=2A/8A/HA4B60D41A/83/5=3GA/ /3GEA;1]^A/
83/BA21:A;?/*3;;5023\;3/a63h
\/5/;<=23;3/8A/E543934/8A/f4>^A/83/5;;3;;A45B3=2A/e64<819A/=^A/
81;E3=;5/A/3=95B1=c5B3=2A/8A/E543934/9ABE032AI
\/A/25B5=cA/8A;/95BEA;/8A/5=3GA/ /3GEA;1]^A/83/BA21:A;/
EA83/;34/5023458A/83/59A48A/9AB/5/B51A4/A6/B3=A4/3G23=;^A/8A;/
9AB3=2D41A;/5/;343B/501/1=906<8A;?
.A/305bA454/6B5/3GEA;1]^A/83/BA21:A;C/23=c5/E43;3=23/a63/5/
KYRPtuXMKXLMORVSLSYXLM|pLSUXLMQKM]RQKtuXM5TUSKWMUWKORmKnMUXPUS\
;^AC/1BE3;;A5018583C/HA4B5018583C/E584A=1`5]^A/3/6;A/8A/E584^A/
9602A/83/01=>65>3B~/83:3/;34/438Ab4585?//./3GEA;1]^A/83/BA21:A;/
7/5/E41=91E50/BA85018583/83/9AB6=195]^A/8141>185/5A/43;183=23/85/
*3Eb0195/E30A;/_ 1=1;24A;?/.07B/81;;AC/EA83C/3B/9342A;/95;A;C/;34/
3=95B1=c585/9fE15/5A/A=>43;;A/j591A=50/A6/5A/A834/"68191D41A/
A6C/51=85C/;34/E6b019585/=A/eC/=A/2A8A/A6/
3B/E5423?
! t
MXMSPLYOVJRPYXMQRMUXJVPSUKtuXMXTUSKWMRPYORMXLMlvRxRLMQXLM
A8343;/b019A;C/=A2585B3=23/5;/B3=;5>3=;/3=:1585;/E30A/c3H3/
8A/A834/dG39621:A/5A/A834/!3>1;0521:A/E545/1=HA4B54/;Ab43/H52A/
85/.8B1=1;245]^A/b0195I/3GEA4/A/E05=A/83/>A:34=A/EA4/A95;1^A/
85/5b342645/83/;3;;^A/03>1;0521:5I/;6bB3234/5A/A=>43;;A/j591A=50/
B527415;/a63/83E3=83B/83/8301b345]^A/83/;65;/5;5;I/5E43;3=254/
oRYXMRPTJnMxKmROMRMKNOKQRUROMUXJVPSUKtbRLMQRMYVQXMVKPYXMLRJKM
83/1=2343;;3/8A;/EA8343;/Eb019A;/3/85/j5]^A?
K

_ 1=625/83/B3=;5>3B/EA83/;34/3=95B1=c585/E30A;/_ 1=1;2741A;/
/43;18F=915/85/*3Eb0195C/5/96e5;/5;;3;;A415;/95b34D/5/4385]^A/
TPKWq
.;/B3=;5>3=;/B51;/6;651;/8A/A834/dG39621:A/5A/A=>43;;A/
KUSXPKWMY{JMKLMLRNVSPYRLMTPKWSQKQRL
R4
j8;/E4Ae32A;/83/031/A481=D415/A6/9ABE03B3=254/
;^A/3=:158A;/3B/43>1B3/=A4B50/}A=;21261]^AC/542?/gD~/A6/83/64\
>F=915/}A=;21261]^AC/542?/gfC//Dp/5/fp~?/5b3/03Bb454/a63/A/E4A\
e32A/EA83/;34/3=95B1=c58A/;Ab/A/43>1B3/=A4B50/3/B51;/25483/;34/
Abe32A/83/=A:5/B3=;5>3BC/9AB/;A019125]^A/83/64>F=915?
dB/5BbA;/A;/95;A;C/5/B3=;5>3B/;3/8141>3/5A;/_ 3Bb4A;/8A/
A=>43;;A/j591A=50C/B5;/7/3=95B1=c585/9AB/5:1;A/8A/c3H3/85/
5;5/1:10/85/43;18F=915/85/*3Eb0195/5A/41B314A/@39432D41A/
85/B545/8A;/3E6258A;C/E545/a63/23=c5/1=<91A/;65/245B125]^A/
}A=;21261]^AC/542?/gfC/95E62~?
DVKPYXMKXLMZOXJRYXLMQRMWRSMTPKPURSOKMVRMUXJZORRPQRJMZWK\
=A/E06415=650C/8143241`3;/A4]5B3=2D415;C/A4]5B3=2A;/5=651;/3/947\
812A;/58191A=51;~C/5;/B3=;5>3=;/83/3=95B1=c5B3=2A/8141>3B\;3/
5A;/B3Bb4A;/8A/A=>43;;A/j591A=50C/3/A;/43;E3921:A;/5:1;A;/;^A/
3=8343]58A;/5A/41B314A/@39432D41A/8A/@3=58A/383450?/./45`^A/7/
a63/A/542?/Dgg/85/A=;21261]^A/1BE3/5/8301b345]^A/9A=>43;;650/;A\
|ORMKLMWRSLMTPKPURSOKLMRJM/C/B51;/E4391;5B3=23C/i=5/
HA4B5/8A/43>1B3=2A/9AB6Bk?/d/ /H43=23/85/_ 3;5/8A/A=>43;;A/
j591A=50/3;2D/A/43;183=23/8A/@3=58A/383450/}A=;21261]^AC/542?/
VnC//Vp~C/a63/9AB5=85/5;/;3;;3;/9A=e6=25;?
.;/B3=;5>3=;/5a61/2452585;/9A4A5B/A/E4A93;;A/83;3=:A0:1\
8A/=A/Bb12A/8A/A834/dG39621:AC/a63/5b45=>3/B1=691A;A/3G5B3/
Y[UPSUXnMJVOsQSUXMRMRUXPOJSUXTPKPURSOXMQKLMJKY[OSKLMX|JRYXMQKLM
E4AEA;1]3;/EA4/305;/3=95B1=c585;?
y51;/3G5B3;/B52341501`5B\;3/3B/E5439343;/8A;/81:34;A;/f4\
>^A;/1=2343;;58A;/=A/5;;6=2A/85;/E4AEA;1]3;C/3=243/303;/A/85/.8\
:A95915/F3450/85//=1^A?/_ 5;C/=5/A41>3B/85;/E4AEA;25;C/5;/5=D01;3;/
=393;;D415;/9A=;25B/85/3GEA;1]^A/83/BA21:A;/8A/f4>^A/A=83/;3/
>34545BC/3GEA;1]^A/a63/59ABE5=c54DC/EA4/9fE15C/5/B3=;5>3B/83/
3=95B1=c5B3=2A/5A/A=>43;;A?
RU545/854/96BE41\
B3=2A/5A/81;EA;2A/=A/542?/ga/85/A=;21261]^AC/A/43;183=23/85/*3\
Eb0195/3=95B1=c5/B3=;5>3B/5A/A=>43;;AC/8141>185/5/;36;/B3B\
b4A;C/9AB/5:1;A/E545/A/41B314A/@39432D41A/8A/@3=58A/383450C/e6=\
25=8A/9fE15/85/B38185/E4A:1;f415C/5623=219585/E305/AA483=5]^A/
83/A96B3=25]^A/85/43;18F=915/85/*3Eb0195?
jU.;/B3=;5>3=;/a63/;6bB323B/5A/
@3=58A/383450/5/1=8195]^A/83/E3;;A5;/E545/A96E543B/83234B1=5\
8A;/954>A;/}B5>1;2458A;/8A;/y41b6=51;/@6E341A43;C/_ 1=1;24A;/8A/
y/C/43;183=23;/3/81432A43;/8A/25=9A/3=2450C/4A96458A4\F3450/
85/*3Eb0195C/c3H3;/83/_ 1;;^A/1E0ABD2195/329?~/2FB/3B/:1;25/
a63/5/A=;21261]^AC/=A/;36/542?/VaC/1=91;A;/(((/3/(zC/5241b61/ a6305/
5;5/8A/A=>43;;A/j591A=50/9ABE32F=915/E41:521:5/E545/5E4A:54/5/
1=8195]^A?/8/964419606B/:1253/8A/1=81958AC/83:185B3=23/5;;1=58AC/
59ABE5=c5/5/B3=;5>3B?
jiUjU
UjUTUUlU
y4525\;3/83/3G1>F=915/9A=;212691A=50/}A=;21261]^AC/542?/fhC/(((C/3/
oq~C/3/5/562A41`5]^A/7/85/9ABE32F=915/E41:521:5/8A/A=>43;;A/j5\
91A=50?/

012345
8/E43;183=23/85/*3Eb0195C/2458191A=50B3=23C/EA4/9A423;15C/
a65=8A/5/56;F=915/7/EA4/E45`A/1=H341A4/5/DV/815;C/H5`/6B5/9AB6=195\
]^A/5/9585/5;5/8A/A=>43;;AC/3=:15=8A\0c3;/B3=;5>3=;/18F=2195;?
RUUU
UUUUU./Ab41>5]^A/83/;6bB3234/
251;/52A;/ /5E43915]^A/8A/A=>43;;A/j591A=50/9A=;25/=A/1=91;A/!((/
8A/5421>A/fh/85/A=;21261]^A?/@AB3=23/E4A86`14^A/3H312A;/03>51;/5/
A62A4>5/A6/43=A:5]^A/85/9A=93;;^A/5Ef;/8301b345]^A/8A/A=>43;;A/
j591A=50/}A=;21261]^AC/542?/aaqC//qp~?/3;95b3/E3814/=5/B3=;5\
>3B/5/64>F=915/E43:1;25/=A/542?/gf/85/A=;21261]^AC/EA4a65=2A/A//
y{MQXMKOYqMLLdMJpMQRTPRMXMZOKmXMQKMYOKJSYKtuXq
.07B/8A/52A/83/A62A4>5/A6/43=A:5]^AC/59ABE5=c5/5/B3=;5\
>3B/A/9A443;EA=83=23/E4A93;;A/58B1=1;24521:A?
RUUUST
8/43;183=23/85/*3Eb0195/23B/A/E45`A/83/;3;;3=25/815;/5Ef;/
5/5b342645/85/;3;;^A/03>1;0521:5/E545/3=:154/5A/A=>43;;A/j591A\
=50/5;/9A=25;/43H343=23;/5A/3G349<91A/5=2341A4/}A=;21261]^AC/542?/
ofC/!!(z~C/E545/3G5B3/3/E543934/85/AB1;;^A/_ 1;25/E34B5=3=23/
}A=;21261]^AC/542?/DggC//Dp~C/;Ab/E3=5/83/5/B545/8A;/3E6258A;/
43501`54/5/2AB585/83/9A=25;/}A=;21261]^AC/542?/VDC/((~C/3B/E4A9381\
B3=2A/81;91E01=58A/=A/542?/aDV/8A/;36/*3>1B3=2A/(=234=A?
* UjUUUUd05/83:3/9A=\
234/A/E05=A/83/>A:34=AC/3GEA;1]^A/;Ab43/5/;1265]^A/8A/5<;/3/;A01\
9125]^A/83/E4A:18F=915;/a63/e60>54/=393;;D415;/}A=;21261]^AC/542?/
ofC/!(~?
8/EA4258A4/85/B3=;5>3B/7/A/c3H3/85/5;5/1:10/85/43;1\
8F=915/85/*3Eb0195?/d;25/B3=;5>3B/81H343/85;/83B51;/EA4a63/:51/
3=95834=585/3/7/81;241b6<85/5/2A8A;/A;/9A=>43;;1;25;/3B/HA4B5/83/
01:4A?
jUUjjU
d;25/B3=;5>3B/7/8141>185/5A;/B3Bb4A;/8A/A=>43;;A/j591A=50C/
3=95B1=c585/EA4/.:1;A/5A/41B314A/@39432D41A/85/5;5/A=83/;3/
A41>1=545B/A;/562f>45HA;?/j305/;3/1=HA4B5/A/=B34A/a63/2ABA6/5/
031/3/;3/43;21263B/8A1;/3G3BE0543;/8A;/24F;/562f>45HA;/4393b18A;C/
=A;/a651;/A/43;183=23/85/*3Eb0195/234D/5EA;2A/A/83;E59cA/83/
;5=]^A?
j141>185/5A/43;183=23/8A/@3=58A/
383450/}A=;21261]^AC/542?/ggC//Dp~C/5/B3=;5>3B/1=HA4B5/;Ab43/5/
8391;^A/83/:3254C/;3/A/:32A/7/E549150C/a651;/5;/81;EA;1]3;/:32585;C/3/
KLMOKmbRLMQXMoRYXqMIRVMYRYXMoKSMZV|WSUKQXMPKMsPYRNOKMPXM0SpOSXM5T\
9150/85//=1^AC/5A/9A=24D41A/85;/83B51;/B3=;5>3=;C/96e5/E6b0195]^A/
;3/43;241=>3/ /=A2<915/8A/;36/3=:1A/5A/A834/!3>1;0521:A?
jUUUy5Bb7B/;^A/43B32185;/5A/!3>1;0521:A/
9AB/43>6054/H43a6F=915/B3=;5>3=;/9ABh
\/3=95B1=c5B3=2A/83/52A;/1=234=591A=51;/a63/59544325B/3=954\
>A;/A6/9ABE4AB1;;A;/>45:A;A;/}A=;21261]^AC/542?/fhC/(~I
\/E3818A/83/3;25b30391B3=2A/83/50<a6A25;/5E019D:31;/ ;/AE345\
]3;/3/E43;25]3;/1=2343;258651;/3/83/3GEA425]^A/}A=;21261]^AC/542?/
DVVC//apC/(z~I
MZOXZXLYKMQRMTKtuXMQRMWSJSYRLMNWX|KSLMZKOKMXMJXPYKPYRMQKM
8<:185/9A=;A018585/}A=;21261]^AC/542?/VaC/z(~I
MZRQSQXMQRMKVYXOSmKtuXMZKOKMXZROKtbRLMTPKPURSOKLMRYROPKLM
}A=;21261]^AC/542?/VaC/z~I/3/A624A;?
c

d=243/5;/B3=;5>3=;/B3=A;/9AB6=;/3;2^A/5;/83h
\/9A=:A95]^A/3G245A481=D415/8A/A=>43;;A/j591A=50/}A=;21\
261]^AC/542?/VnC//gp~I
\/E3818A/83/562A41`5]^A/E545/3GA=3454/A/4A96458A4\F3450/85/
*3Eb0195/}542?/VaC/!(C/3/DaoC//ap~I
\/E3818A/83/562A41`5]^A/E545/83905454/>63445/3/83943254/BAb1\
01`5]^A/=591A=50/}A=;21261]^AC/542?/ofC/!(!~I
\/E3818A/83/562A41`5]^A/A6/43H343=8A/E545/9303b4545/E5`/
}A=;21261]^AC/542?/ofC/!!~I
MJVLYSTUKYSoKMZKOKMQRUORYKtuXMQXMRLYKQXMQRMQRxRLKMXVMQRMLVKM
E4A44A>5]^A/}A=;21261]^AC/542?/DqgC//fp~I
\/E3818A/83/562A41`5]^A/E545/83943254/A/3;258A/83/;<21A/}A=;\
21261]^AC/542?/Dqn~I
\/43052A/85;/B38185;/E45219585;/=5/:1>F=915/8A/3;258A/83/;<21A/
A6/83/83H3;5/}A=;21261]^AC/542?/DfDC/E54D>45HA/=19A~I
MZOXZXLYKMQRMJXQSTUKtuXMQRMZOXJRYKLMQRMWRSLMTPKPURSOKLM
}A=;21261]^AC/542?/DggC//Vp~I
MZRQSQXMQRMKVYXOSmKtuXMZKOKMVYSWSmKOMORUVOLXLMVRMTUKORJMLRJM
83;E3;5;/9A443;EA=83=23;C/3B/839A44F=915/83/:32AC/3B3=85/A6/43\
e31]^A/8A/E4Ae32A/83/031/A4]5B3=2D415/5=650/}A=;21261]^AC/542?/DggC/
/op~I
\/E3818A/83/562A41`5]^A/E545/5013=54/A6/9A=93834/23445;/Eb01\
95;/9AB/D435/;6E341A4/5/a?VEE/c5/}A=;21261]^AC/542?/DooC//Dp~I/329?
.;/B3=;5>3=;/9A=2FBh/
\/5/1=8195]^A/8A/21EA/83/3GE3813=23/3/83/;36/=B34AC/cA41`A=\
250B3=23C/=A/1=<91A/85/B54>3B/3;a63485h
)
\/:A9521:AC/83/59A48A/9AB/A/E4A=AB3/83/24525B3=2A/3/A/954>A/
8A/83;21=52D41AC/cA41`A=250B3=23C/=A1=<91A/85/B54>3B/3;a63485h
Y8'(
/
\/A/23G2AC/1=1915=8A/5/a/9B/8A/:A9521:AI/
MXMWXUKWMRMKMQKYKnMoROYSUKWJRPYRMKMLMUJMQXMTPKWMQXMYRYXnMRM
cA41`A=250B3=23H5`3=8AUXSPUSQSOMLRVMTPKWMUXJMKMJKONRJMQSORSYKqM
./B3=;5>3BC/9ABA/A;/83B51;/52A;/5;;1=58A;/E30A/43;183=23/85/
]RZ,|WSUKnMPuXMYOKmMSQRPYSTUKtuXMQRMLRVMLSNPKYpOSXq
5|LM[ XQRWXMPXMTPKWMQKMJKY[OSKq
)t
lXJMXMTYXMQRMVPSxXOJSmKOMKMYROJSPXWXNSKMRMLSJZWSTUKOMXLMZOX\
9381B3=2A;/b64A94D219A;C/E5;;5/5/4393b34/A/2<260A/83/2303>45B5/2A85/
UXJVPSUKtuXMXTUSKWMRZRQSQKMZXOMJRSXMQRMYRWRNOKTKnMYRWRMRYUqMXXOM
;3/245254/83/HA4B5/83/9AB6=195]^A/81;E3=81A;5/5A;/9AH43;/Eb019A;/
3/239=A0A>195B3=23/;6E34585C/83:3/43;241=>14\;3/A/6;A/8A/2303>45\
B5/5E3=5;/ a6305;/;1265]3;/a63/=^A/;3e5/EA;;<:30/A/6;A/83/9A4431A/
RWRYOOPSUXMXVMxKMRMVRMKMVON{PUSKMJVLYSTVRMLVKMVYSWSmKtuXMRnMYKJ\
b7B/3B/45`^A/83/;36/96;2A/303:58AC/3;25/HA4B5/83/9AB6=195]^A/
83:3/E56254\;3/E305/9A=91;^A?
j^A/cD/E584^A/4<>18AC/83:3=8A\;3/;3>614/5/HA4B5/3/5/3;2462645/
8A;/HA4B60D41A;/81;EA=<:31;/=5;/5>F=915;/8A;/A4431A;/3/3B/;36/
;<21A/=5/(=234=32?
5|LM[ XQRWXMPXMTPKWMQKMJKY[OSKq

012345

8/H5G/}HA4B5/5b43:1585/eD/9A=;5>4585/83/'~/7/6B5/
HA4B5/83/9AB6=195]^A/a63/3;2D/;3=8A/B3=A;/6;585/83:18A/5A/83\
;3=:A0:1B3=2A/85/(=234=32?/7/62101`58A/E545/5/245=;B1;;^A/83/B3=\
;5>3=;/64>3=23;/3/E545/A/3=:1A/5=2391E58A/83/8A96B3=2A;C/83/96eA/
9A=c391B3=2A/cD/E43BF=915C/a65=8A/=^A/cD/9A=81]3;/83/3=:1A/8A/
8A96B3=2A/EA4/B31A/30324=19A?/g65=8A/=393;;D41A/A/A41>1=50C/303/
;3>63/EA;2341A4B3=23/E305/:15/3/=5/HA4B5/83/E45G3?
@3/=393;;D41A/A/54a61:5B3=2AC/83:3\;3/H5`F\0A/9AB/9fE15/G3\
4AG/8A/H5G/3/=^A/9AB/A/E4fE41A/H5GC/96eA/E5E30C/3B/9342A;/BA830A;C/
;3/832341A45/45E185B3=23?
8;/8A96B3=2A;/3=:158A;/EA4/H5G/B5=2FB/5/HA4B5/3/5/3;2462645/
a63/0c3;/;^A/1=343=23;?/7/9A=:3=13=23/A/3=:1AC/e6=25B3=23/9AB/A/
8A96B3=2A/E41=91E50C/83/HA0c5/83/4A;2A1;2A/7C/83/E3a63=A/HA4B6\
WpOSXMUXJMXLMQKQXLMQRMSQRPYSTUKtuXMQKMJRPLKNRJMKMLROMRPoSKQKq
R
8/9A4431A/30324=19A/}i3B510k~C/EA4/;36/b51GA/96;2A/3/93034185\
83C/245=;HA4BA6\;3/=5/E41=91E50/HA4B5/83/9AB6=195]^A/E545/245=;\
B1;;^A/83/8A96B3=2A;?
/B/8A;/524521:A;/83/9AB6=195]^A/EA4/9A4431A/30324=19A/7/;65/
wRS|SWSQKQRqMLLSJnMPuXMSPYRORLLKMQRTPSOMxXOJKMOsNSQKMZKOKMLVKM
3;2462645?/d=24325=2AC/83:3\;3/3:1254/A/6;A/83/01=>65>3B/1=9ABE5\
YsoRWMUXJMVJKMUXJVPSUKtuXMXTUSKWq
8/95BEA/8A/HA4B60D41A/83/9A4431A/30324=19A/B3=;5\
>3B/83:3/;34/E433=9c18A/83/BA8A/5/H59101254/5/A4>5=1`5]^A/8A96\
B3=250/25=2A/8A/83;21=52D41A/a65=2A/8A/43B323=23?
545/A;/54a61:A;/5=3G58A;/ /B3=;5>3B/83:3/;34/62101`58AC/
E43H343=9150B3=23C/A/HA4B52A//8@./B3=;5>3B/a63/3=95\
B1=c5/50>6B/54a61:A/83:3/245`34/1=HA4B5]3;/B<=1B5;/;Ab43/;36/
9A=238A?
IRJZORMVRMQSLZXPsoRWnMQRoRLRMVYSWSmKOMORUVOLXMQRMUXPTOJK\
]^A/83/0312645@5;A/=^A/;3e5/81;EA=<:30C/83:3/9A=;254/85/B3=;5\
NRJMZRQSQXMQRMUXPTOJKtuXMQRMORUR|SJRPYXq
jA;/234BA;/85/03>1;05]^A/3B/:1>A4C/E545/a63/5/B3=;5>3B/83/
9A4431A/30324=19A/23=c5/1;2A/7C/E545/a63/EA;;5/
;34/593125/9ABA/8A96B3=2A/A41>1=50C/7/=393;;D41A/3G1;214/
a63/523;23/5/183=218583/8A/43B323=23C/=5/HA4B5/3;25b3\
039185/3B/031?

dB/95;A/83/E6b0195]^A/8A/52A/58B1=1;24521:A/A41>1=D41AC/5/
5EA;2105/83:3/;34/E6b019585/9AB/5/B3=]^A/3GE43;;5/8A/52AC/=B3\
OXnMQSKnMZpNSPKMRMPXMJRLJXMJRSXMQRMUXJVPSUKtuXMXTUSKWMPXMVKWM
XMKYXMKQJSPSLYOKYSoXMxXSMXOSNSPKWJRPYRMZV|WSUKQXnMKMTJMQRMVRMLRM
E43;34:3/5/8525/83/:5018583?
5|LM[ XQRWXMPXMTPKWMQKMJKY[OSKq
*)*
7/A/1=;246B3=2A/62101`58A/E545/A/43>1;24A/3GEA;121:A/8A;/H52A;/
3/8301b345]3;/A9A4418A;/3B/6B5/436=1^AC/;3;;^A/A6/5;;3Bb0315?/
d;2462645h
\/y<260A//.y.?/dB/;3/24525=8A/83/525;/305bA4585;/;3a63=9150\
B3=23C/1=81954/A/43;E3921:A/=B34A/85/436=1^A/A6/;3;;^AC/3B/951\
G5\5025?
\/y3G2AC/1=9061=8Ah/43Bb60A//43>1;24A/85/;1265]^A/3;E59150/
3/23BEA450/3/E542191E5=23;I/*3>1;24A/8A;/5;;6=2A;/5bA4858A;/3/83/
;65;/8391;3;C/9AB/1=8195]^A/85;/E34;A=5018583;/3=:A0:185;C/;3/HA4/
A/95;AI/39cA//234BA/83/3=93445B3=2A/9AB/1=8195]^AC/;3/=393;\
;D41AC/8A/43852A4C/8A/cA4D41A/83/3=93445B3=2AC/83/9A=:A95]^A/83/
=A:5/436=1^A/329?
./.y./;34D/5;;1=585/3A6/46b419585/EA4/2A8A;/A;/E43;3=23;/ /
436=1^A/A6/5E3=5;/E30A/E43;183=23/3/43052A4C/83E3=83=8A/85;/3G1\
>F=915;/43>1B3=251;/8A/f4>^A?
MTJMQRMLRMRoSYKORJMOKLVOKLMPKLMKYKLMJKPVLUOSYKLnMQRoRLRnM
3B/95;A/83/344AC/62101`54/A/234BA/i81>AkC/;3>618A/85/1=HA4B5]^A/
9A44325/5/;34/43>1;24585?/jA/95;A/83/AB1;;^A/83/1=HA4B5]3;/A6/83/
344A;/9A=;25258A;/5Ef;/5/4385]^AC/6;5\;3/5/3GE43;;^A/idB/23BEAk/
KXMTPKWMQKMrnMUXJMXMORNSLYOXMQKLMSPxXOJKtbRLMUXOORYKLq
5|LM[ XQRWXMPXMTPKWMQKMJKY[OSKq


7/A/58125B3=2A/a63/;3/H5`/5/6B/8A96B3=2A/9AB/A/Abe321:A/
QRMORYSTUKtuXnMKYVKWSmKtuXnMRLUWKORUSJRPYXMXVMTKOMoKPYKNRPLnM
3:125=8A\;3/5;;1B/5/3GE381]^A/83/6B/=A:A/2<260A/A6/8A96B3=2A?/
d;2462645h
\/y<260Ah/.8@y(!.C/93=24501`58A?
MrRYXMRZXLStuXMLVUSPYKMQKMORYSTUKtuXnMRLUWKORUSJRPYXnM
KYVKWSmKtuXMXVMTKtuXMQKMoKPYKNRJnMUXJMKMJRPtuXnMLRMxXOMXMUKLXnM
A=83/A/8A96B3=2A/HA1/E6b01958A?
\/!A950/3/8525?
\/.;;1=52645h/=AB3/3/H6=]^A/A6/954>A/85/562A418583/a63/9A=;\
252A6/5/=393;;18583/83/3H32654/5/5EA;2105?

7/5/HA4B5/83/9A443;EA=8F=915/3B12185/EA4/E542196054C/A6/56\
2A418583/9AB/Abe321:A/E542196054C/=^A/;3/9A=H6=81=8A/9AB/AB3\
BA45=8A/}9A443;EA=8F=915/1=234=5~/A6/A/AH<91A/}9A443;EA=8F=915/
3G234=5~C/=A;/a651;/5/562A418583/a63/5;;1=5/3GE43;;5/6B5/AE1=1^A/
A6/8D/6B5/1=HA4B5]^A/=^A/;65C/B5;C/;1BC/8A/f4>^A/E30A/a650/43;\
EA=83?/dB/>45=83/E5423/8A;/95;A;/85/9A443;EA=8F=915/3=:1585/EA4/
83E6258A;C/83:3\;3/6;54/5/95425C/=^A/A/B3BA45=8A/A6/AH<91AC/EA4/
3;254/A/E5405B3=254/3B121=8A/E543934C/AE1=1^A/A6/1=HA4B5]^A/83/
LVKMORLZXPLK|SWSQKQRnMRMPuXMRLZRUSTUKJRPYRMQKMlJKOKMQXLM0RZV\
258A;?/8/E5405B3=254/83:34D/5;;1=54/B3BA45=8A/A6/AH<91A/5E3=5;/
UXJXMYSYVWKOMQRMxVPtuXMXTUSKWMRLZRUsTUKMZORLSQRPYRMQRMUXJSLLuXM
A6/B3Bb4A/85/_ 3;5C/EA4/3G3BE0A~?/d;2462645h
\/!A950/3/8525?
\/d=8343]5B3=2AC/9AB/HA4B5/83/24525B3=2AC/83;21=52D41AC/954\
>A/3/3=8343]A?
\/zA9521:A?
\/y3G2A?
\/39cA?
\/.;;1=52645h/=AB3/3C/a65=8A/=393;;D41AC/H6=]^A/A6/954>A?

j^A/83:3/4393b34/=6B345]^AC/;3=8A/a63C/3B/95;A/83/8A96\
B3=2A/54a61:58AC/5/5EA;2105/83:3/;34/H3125/5b51GA/8A;/23G2A;/A6/=A/
:34;A/8A/8A96B3=2A?

@3/A/>5b1=323/6;54/95425;/9AB/H43a6F=915C/EA834D/=6B34D\05;?/
j3;;3/95;AC/5/=6B345]^A/EA834D/5EA154\;3/=A/E584^A/bD;19A/83/
815>45B5]^A?

*uw

c

012345
8/H39cA/85/95425/;3>63C/3B/>3450C/A/E584^A/85/9A443;EA=8F=915/
XTUSKWnMJKLMXVYOXLMxRUvXLMZXQRJMLROMVLKQXLnMKMRRJZWXMQRMHlXO\
8150B3=23kC/a65=8A/;3/83;3e5/1=81954/4305]^A/83/E4AG1B18583/A6/
1>6508583/83/EA;1]^A/3=243/A;/9A443;EA=83=23;?
5|LM[ XQRWXMPXMTPKWMQKMJKY[OSKq

./8483B/83/@34:1]A/;3/5;;3B30c5/ /A425415C/EA47B/EA;;61/
UKOpYROMJKSLMRLZRUsTUXMRMQRYKWvSLYKqM5|JRYSoKnMRLLRPUSKWJRPYRnMKM
A21B1`5]^A/3/5/4591A=501`5]^A/83/;34:1]A;?
5|LM[ XQRWXMPXMTPKWMQKMJKY[OSKq

i
7/A/8A96B3=2A/3B/a63/;3/1=HA4B5C/;Ab/43;EA=;5b1018583C/50>A/
;Ab43/E3;;A5/A6/59A=2391B3=2A?/d;2462645h
\/y<260Ah/d!.*.p8C/93=24501`58A?
MrRYXMRZXLStuXMQXMxKYXMXVMLSYVKtuXMQRUWKOKQKnMUXJMTPK\
018583C/=AB3/8A/1=2343;;58A/3B/83;25a63/}3B/B51;9605;~/3/;65/
4305]^A/9AB/5/B545/=A;/95;A;/B51;/HA4B51;?
\/!A950/3/8525?
\/.;;1=52645h/=AB3/85/E3;;A5/a63/8390545/3C/=A/95;A/83/562A41\
8583C/H6=]^A/A6/954>A?
./8390545]^A/8A96B3=25/6B5/1=HA4B5]^A/E43;2585/EA4/562A41\
8583/A6/E542196054?/jA/95;A/83/562A418583C/5/9ABE4A:5]^A/8A/H52A/
A6/A/9A=c391B3=2A/85/;1265]^A/839054585/83:3/;343B/45`^A/8A/954\
>A/a63/A96E5/A6/85/H6=]^A/a63/3G3493?
0RUWKOKtbRLMVRMZXLLVKJMUKOKUYROsLYSUKLMRLZRUsTUKLMZXQRJM
ORUR|ROMVJKMVKWSTUKtuXnMKMRRJZWXMQKMHQRUWKOKtuXMxVPUSXPKWZq
5|LM[ XQRWXMPXMTPKWMQKMJKY[OSKq

7/5/AE1=1^A/H6=85B3=2585C/3B12185/3B/=AB3/E3;;A50/A6/83/
f4>^A/58B1=1;24521:AC/;Ab43/23B5/a63/0c3/c5e5/;18A/;6bB3218A/E545/
5=D01;3/3/9ABE323=23/E4A=6=915B3=2A?/z1;5/HA4=3934/;6b;<81A;/
E545/2AB585/83/8391;^A?/d;2462645h/
\/jB34A/83/A483B/}a65=8A/=393;;D41A~?
\/jB34A/8A/E4A93;;A/83/A41>3B?/
\/dB3=25/}43;6BA/8A/5;;6=2A~?/
\/y3G2AC/9ABE433=83=8Ah/1;2f419A/A6/43052f41A/}1=24A86]^A~I/
XKORUROMQRLRPoXWoSJRPYXMUXJMOKmbRLMRMJVLYSTUKYSoKLMRUvXMXZS\
=521:A/}9A=906;^A~?
\/!A950/3/8525?
\/.;;1=52645C/=AB3/3/H6=]^A/A6/954>A/8A/E5439341;25?
.07B/8A/543934/.8B1=1;24521:AC/591B5/9A=9312658AC/3G1;23/A/
XKORUROMGRNSLWKYSoXnMVRM[MVJKMZOXZXLStuXnMRnMUXJXMYKWnMQRTPSQXM
=A/542?/Dag/8A/*3>1B3=2A/(=234=A/85/B545/8A;/3E6258A;?
8/83;3=:A0:1B3=2A/8A/E543934/EA83/;34/81:1818A/3B/25=2A;/
SYRPLMRMRLYRLMSPYSYVWKQXLMVKPYXLM|KLYRJMKXMZKORUROSLYKMZKOKMXMTJM
83/B30cA4/A4>5=1`54/A/5;;6=2AC/1BE41B1=8A\0c3/90543`5/3/818521;BA?
5|LM[ XQRWXMPXMTPKWMQKMJKY[OSKq

iU
7/A/E4A=6=915B3=2A/83/562A418583/58B1=1;24521:5/3B/E321]^A/
a63/0c3/7/8141>185C/A6/52A/430521:A/5A/5=85B3=2A/8A/E4A93;;A?/A83/
234/954D234/8391;f41A/A6/5E3=5;/83/3GE3813=23?/d;2462645h
\/jAB3/8A/f4>^A/E41=91E50/3/;396=8D41A?/
\/jB34A/8A/E4A93;;A?/
\/525?/
\/y3G2A?/
\/.;;1=52645/3/H6=]^A/A6/954>A/85/562A418583?
8/83;E59cA/EA83/9A=;212614\;3/83/6B5/E505:45C/83/6B5/3GE43;\
;^A/A6/83/6B/23G2A/B51;/0A=>A?
5|LM[ XQRWXMPXMTPKWMQKMJKY[OSKq

7/A/1=;246B3=2A/a63/3=93445/A413=25]3;/83250c585;/3A6/EA=\
2651;/E545/5/3G396]^A/83/;34:1]A;/EA4/f4>^A;/;6bA481=58A;/85/.8\
B1=1;245]^A?/d;2462645h/
\/y<260Ah/8*d_ /d/@d*z(8C/=6B345]^A/3/8525?
\/43Bb60A/3/H6=85B3=25]^Ah/83=AB1=5]^A/85/562A418583/
a63/3GE383/A/52A/}3B/B51;9605;~/3/9125]^A/85/03>1;05]^A/E3421\
=3=23/A6/EA4/HA4]5/85;/E4344A>521:5;/8A/954>AC/;3>6185/85/E505:45/
i43;A0:3k?
\/y3G2Ah/83;3=:A0:1B3=2A/8A/5;;6=2AC/a63/EA83/;34/81:1818A/
3B/123=;C/1=91;A;C/50<=35;/329?
\/.;;1=52645h/=AB3/85/562A418583/9ABE323=23/3/1=8195]^A/85/
H6=]^A?
c

"w
7/A/52A/58B1=1;24521:A/E30A/a650/5/562A418583/3;25b30393/43\
>45;C/b51G5/1=;246]3;/E545/5E0195]^A/83/031;/A6/24525/85/A4>5=1`5\
]^A/3/8A/H6=91A=5B3=2A/83/;34:1]A;/83=24A/83/;65/3;H345/83/9AB\
E32F=915?/d;2462645h
\/y<260Ah/8*y.*(.C/=6B345]^A/3/8525?
\/dB3=25h/;<=23;3/8A/5;;6=2A?
\/43Bb60A/3/H6=85B3=25]^Ah/83=AB1=5]^A/85/562A418583/
a63/3GE383/A/52A/3/9125]^A/85/03>1;05]^A/E3421=3=23C/;3>6185/85/
E505:45/i43;A0:3k?
\/y3G2Ah/83;3=:A0:1B3=2A/8A/5;;6=2AC/a63/EA83/;34/81:1818A/
3B/5421>A;C/E54D>45HA;C/1=91;A;C/50<=35;/3/123=;?
\/.;;1=52645h/=AB3/85/562A418583/9ABE323=23/3/1=8195]^A/8A/
954>A?
3425;/EA425415;/9A=2FB/9A=;18345=8A;C/9AB/5;/45`3;/a63/
JVLYSTUKJMXMKYXqMRLYRMUKLXnMKMZKWKoOKMHORLXWoRZMoRJMQRZXSLMQRWRLq
MRJRPYKMJVLYSTUKLRMRJMZXOYKOSKLMQRMPKYVORmKMPXOJKYSoKq
dB/EA425415;/83/B527415/4A21=3145C/9ABA/=A;/95;A;/83/=AB35\
]^A/3/3GA=345]^AC/EA4/3G3BE0AC/;6E41B3\;3/5/3B3=25?
5|LM[ XQRWXMPXMTPKWMQKMJKY[OSKq

7/A/43052A/3GEA;121:AC/83250c58A/A6/=^AC/8A/H6=91A=5B3=2A/
83/6B5/1=;21261]^AC/8A/3G349<91A/83/521:18583;/A6/593495/8A/83\
LRPoXWoSJRPYXMQRMLROoStXLMRLZRUsTUXLMPVJMQRYROJSPKQXMZROsXQXqM
d;2462645h/

012345
\/y<260A//*d!.y*(8/A6/*d!.y*(8/d???
\/y3G2A//43>1;24A/3B/2fE19A;/85;/E41=91E51;/521:18583;/83;3=\
:A0:185;C/EA83=8A/;34/1=81958A;/A;/43;60258A;/E549151;/3/2A251;C/
9AB/83;25a63C/;3/HA4/A/95;AC/E545/A;/5;E392A;/EA;121:A;/3/=3>521:A;/
8A/E34<A8A/5b45=>18A?/8/94A=A>45B5/83/245b50cA/5/;34/83;3=:A0:1\
8AC/A;/a6584A;C/A;/858A;/3;252<;219A;/3/5;/25b305;/EA834^A/;34/5E43\
;3=258A;/9ABA/5=3GA;?
\/!A950/3/8525?/
\/.;;1=52645/3/H6=]^A/A6/954>A/8A};~/H6=91A=D41A};~/43052A4}3;~?
jA/95;A/83/*3052f41A/83/z15>3BC/59A=;30c5\;3/43>1;2454/6B5/
83;941]^A/;691=25/85/E542191E5]^A/8A/;34:18A4/=A/3:3=2A/};3B1=D\
OSXnMUVOLXnMJSLLuXMXTUSKWMRMXVYOKLnMSPQSUKPQXMXMZROsXQXMRMXMYOR\
9cA/9ABE433=818A?/@3BE43/a63/EA;;<:30C/A/*3052f41A/83/z15>3B/
83:34D/;34/305bA458A/9AB/:1;25;/5A/5E4A:3125B3=2A/3H321:A/85;/
1=HA4B5]3;/2452585;/=A/3:3=2A/E545/A;/245b50cA;/03>1;0521:A;/3/58\
B1=1;24521:A;/85/5;5?
g65=2A/ /305bA45]^A/83/*3052f41A/83/.21:18583;C/83:3\;3/523=\
254/E545/A;/;3>61=23;/E4A9381B3=2A;h/
\/5b;234\;3/83/245=;943:34/5/9ABE32F=915/HA4B50/85;/6=18583;/
58B1=1;24521:5;/eD/83;94125;/=5;/=A4B5;/1=234=5;I/
\/4305254/5E3=5;/5;/E41=91E51;/521:18583;/8A/f4>^AI/
\/3:1254/A/83250c5B3=2A/3G93;;1:A/85;/2543H5;/3G3962585;/E305;/
6=18583;/58B1=1;24521:5;/a63/0c3/;^A/;6bA481=585;I/
\/E41A41`54/5/5E43;3=25]^A/83/858A;/5>43>58A;C/>45=83;/B325;/
43501`585;/3/E4Ab03B5;/5b45=>3=23;/a63/HA45B/;A0691A=58A;I/
\/83;25954/E4AEA;25;/a63/=^A/E68345B/;34/9A=94321`585;C/183=\
YSTUKPQXMKLMUKVLKLMRMSPQSUKPQXMKLMZOSXOSQKQRLMZKOKMXLMZO$SJXLM
5=A;I/
MNROKOMVJMORWKY$OSXMTPKWMUXPLXWSQKQXnMWSJSYKQXnMLRMZXLLsoRWnMKXM
BDG1BA/83/83`/ED>1=5;/E545/A/9A=e6=2A/85/1432A415C/3E5425B3=\
2A/A6/6=18583/3a61:503=23?
5|LM[ XQRWXMPXMTPKWMQKMJKY[OSKq
7j
7/A/1=;246B3=2A/EA4/B31A/8A/a650/A/1=2343;;58A/43a634/5/6B5/
562A418583/58B1=1;24521:5/6B/814312A/8A/a650/;3/e60>5/8323=2A4?/d;\
2462645h/
\/zA9521:AC/954>A/A6/H6=]^A/}3/=AB3/8A/83;21=52D41A~C/A6/;3e5C/
85/562A418583/9ABE323=23?/
\/y3G2A/1=9061=8Ah/43Bb60AC/9A=23=8A/=AB3/8A/43a6343=23/
NOKxKQXMRJMWRYOKLMJKS,LUVWKLMRMORLZRUYSoKMVKWSTUKtuXMPKUSX\
PKWSQKQRnMRLYKQXMUSoSWnMZOXTLLuXnMQXUVJRPYXMQRMSQRPYSQKQRnMSQKQRM
LRMJKSXOMQRMmMKPXLnMZKOKMTPLMQRMZORxRO{PUSKMPKMYOKJSYKtuXMQXM
E4A93;;AC/;3>6=8A/5/!31/DE?nfDEq~C/3/8AB19<01A/}95;A/A/43a6343=23/
LRJKMLROoSQXOMQKMlJKOKMQXLM0RZVYKQXLnMZORURQRPQXMNMVKWSTUK\
]^A/91:10/83:3/;34/9A0A958A/A/=B34A/8A/43>1;24A/H6=91A=50/3/5/
0A25]^A~I/dGEA;1]^A/8A/E3818AC/83/E43H34F=915/1=8195=8A/A;/H6=\
85B3=2A;/03>51;/8A/43a6341B3=2A/3/A;/303B3=2A;/E4Ab52f41A;/83/
=52643`5/HD2195?/
\/39cAh/ij3;23;/234BA;C/383/83H341B3=2Ak?
\/!A950/3/8525?
\/.;;1=52645/3C/;3/HA4/A/95;A/83/;34:18A4C/H6=]^A/A6/954>A?
DVKPQXMJKSLMQRMVJKMZRLLXKMTmROMVJKMLXWSUSYKtuXnMORSoSPQSUK\
]^A/A6/B5=1H3;25]^AC/A/8A96B3=2A/62101`58A/;34D/6B/5b51GA\5;;1\
=58AC/9AB/3;2462645/;3B30c5=23/ /8A/43a6341B3=2AC/83:3=8A/c5:34/
SQRPYSTUKtuXMQKLMKLLSPKYVOKLq
c1

./A=;21261]^A/383450/5;;3>645/5/2A8A;C/1=83E3=83=23B3=23/
8A/E5>5B3=2A/83/25G5;C/A/814312A/83/E321]^A/5A;/A8343;/b019A;/
3B/83H3;5/83/814312A;/A6/9A=245/103>5018583/A6/5b6;A/83/EA834/}542?/
VDC/!!!(zC/i5k~C/;3=8A/a63/A/3G349<91A/83;;3/814312A/;3/1=;246B3=\
YKWSmKMZXOMJRSXMQRMORVROSJRPYXqMXMVRMUXPUROPRMRLZRUSTUKJRPYRM
5A;/;34:18A43;/Eb019A;C/5/031/a63/1=;21261/A/*3>1B3/=19A/3;25b3\
0393/a63/A/43a6341B3=2A/83:3/;34/8141>18A/ /562A418583/9ABE323=23/
E545/839181\0A/3/3=95B1=c58A/EA4/1=234B781A/85a6305/5/a63/3;21\
:34/1B381525B3=23/;6bA481=58A/A/43a6343=23/}!31/=p/o?DDahEC/542?/
DEV~?
5|LM[ XQRWXMPXMTPKWMQKMJKY[OSKq

8/43>1;24A/83/E4A2A9A0A/}A6/;1BE03;B3=23/iA/E4A2A9A0Ai~/7/
A/01:4A/}A6C/B51;/52650B3=23C/A/;6EA423/1=HA4BD219A~/3B/a63/;^A/
245=;9412A;/E4A>43;;1:5B3=23/A;/8A96B3=2A;/3/A;/52A;/3B/3=24585/
3/3B/;5<85/83/6B/;6e312A/A6/3=218583/}Eb019A/A6/E41:58A~?/d;23/
43>1;24AC/;3/Ab3839343B/5/=A4B5;/03>51;C/2FB/H7/Eb0195C/A6/;3e5C/
23B/:50A4/E4Ab52f41A/3B/95;A;/83/9A=24A:74;15/e64<8195?
5MYROJXMZOXYXUXWXMYRJMVJMLSNPSTUKQXM|KLYKPYRMKJZWXnMSQRPYS\
TUKPQXLRMQSORYKJRPYRMUXJMXMZO$ZOSXMZOXURQSJRPYXqMXXOMRYRPLuXM
QRMLRPYSQXnMHZOXYXUXWXZMLSNPSTUKMYKJ|[JMVJM/5/;34/;3>618A/
E545/5095=]54/83234B1=58A/Abe321:A/}i;3>614/A/E4A2A9A0Ak~?
MNRLYuXMQXMZOXYXUXWXM[MPXOJKWJRPYRMUXPTKQKMKMVJKMORZKOYStuXM
83234B1=585C/a63/4393b3/A/B5234150/8A96B3=2D41A/8A/;6e312A/a63/A/
E4A86`/3B/;5<85/3/3B/3=24585/3/A;/5=A25/=6B/43>1;24A/}52650B3=23/
3B/E4A>45B5;/1=HA4BD219A;~C/5241b61=8A\0c3;/6B/=B34A/3/25Bb7B/
6B5/EA;1]^A/83/54a61:A/83/59A48A/9AB/;65;/95459234<;2195;?
8/43>1;24A/23B/a6524A/303B3=2A;/=393;;D41A;/3/Ab41>52f41A;h
\/jB34A/E4A>43;;1:A?
\/525/83/4393b1B3=2A/A6/83/;5<85?
\/*3B323=23/A6/83;21=52D41A?
/C/A6/;3e5C/b43:3/43;6BA/8A/9A=238A/85/9A443;EA=\
8F=915?

/X+.P7

012345
RST

cK

012345
RSU

cc

012345
RSU

cr


RS*

c}


RSRSU* U


RS* U


$tu)t
Af4>^A/dGE3818A40
A;32A4/8A/f4>^A/3GE3818A4B
A3=8343]A/8A/f4>^A/3GE3818A4B
3;21=52D41Ah/
jp/8A/H5G/83/83;21=Ah//525h/
*3B323=23h/
y30?/E/9A=252Ah/5G9A4431A/30324=19Ah/
jp/83/ED>1=5;h/3;25//jp/8A/8A96B3=2Ah/
8b;34:5]3;h/

$tu*uw
.8@y(!.
./1432A45/85/AA483=5]^A/83/@3943254158A/5405B3=254/8A/3E5425B3=2A/83/3;;A50/8390545/a63/
A/;34:18A4/"A;7/85/@10:5C/=AB358A/E305/A425415/\*gEEDaEEfC/E6b019585/=A/@6E03B3=2A/5A/2A0321B/
.8B1=1;24521:A/83/qE/83/B54]A/83/aEEfC/23:3/;65/;1265]^A/H6=91A=50/50234585C/83/@39432D41A/5405B3=254/
*3a61;1258AC/EA=2A/=?/DaqC/E545/@39432D41A/5405B3=254/;3B/:<=960A/3H321:A/9AB/A/;34:1]A/Eb019AC/EA=2A/=?/
DEV?DaqC/5/E54214/83/DD/83/5b410/83/aEEfC/3B/H593/83/8391;^A/9A=2185/=A/4A93;;A/=?/aV?EEDaEEf?
245;<015C/3B/agVaEDD
_ 5415/85/@10:5
1432A45
$tu*)*

._ .*./8@/d/y.8@

djy*8/d/8/_ djy.p8/d/(j8*_ .p8
AA483=5]^A/83/6b0195]3;
.y.

.;/DEcDVB1=C/8A/815/af/83/B51A/83/aEDDC/=5/@505/83/*36=1^A/8A/381C/5/@45?/_ 5415/85/@10:5C/1432A45/

85/AA483=5]^AC/836/1=<91A/5A;/245b50cA;/9AB/5/0312645/85/505/85/436=1^A/5=2341A4C/a63/HA1/5E4A:585C/;3B/
502345]3;?/dB/E4A;;3>61B3=2AC/5E43;3=2A6/5/E5625/85/436=1^AC/9AB/5/1=906;^A/8A/123B/i4Ae32A;/A=906<8A;kC/
;3=8A/5E4A:585/;3B/A/5947;91BA/83/=A:A;/123=;?/yABA6/5/E505:45/A/@4?/"A;7/85/@10:5C/c3H3/85/@3]^A/83/
_ 54&321=>C/a63/5E43;3=2A6/6B/b43:3/43052A/85;/521:18583;/83;3=:A0:185;/=A/241B3;243C/1=9061=8A/A/05=]5B3=2A/
QXLMPXoXLMZOXQVYXLqM3JMLRNVSQKnMXMIOqM[ pOSXMQXLMIKPYXLnMlvRxRMQKMrSZXNOKTKnMORLLKWYXVMVRMPXLM,WYSJXLM
B3;3;/A;/245b50cA;/3=:158A;/E545/E6b0195]^A/3;25:5B/83/59A48A/9AB/5;/=A4B5;/3;25b3039185;C/E545b3=1`5=8A/
5/2A8A;/E30A;/43;60258A;/5095=]58A;?/AB/4305]^A/5A;/E4Ae3!A;/9A=906<8A;C/5/1432A45/3;90543936/a63/2A8A;/
JKPYSoROKJLRMQRPYOXMQXMUOXPXNOKJKMQRMYOK|KWvXMZORRLYK|RWRUSQXMRMVRMLROKXMRPUKJSPvKQXLMNMNOpTUKMPKM
E4fG1B5/;3B5=5?/4;/DDcfVB1=/5/1432A45/3=9344A6/A;/245b50cA;C/5=23;/9A=:A95=8A/436=1^A/E545/A/815/a/83/
e6=cAC/a65425\H3145C/ ;/DE/cA45;C/=A/B3;BA/0A950?/j585/B51;/c5:3=8A/5/245254C/5/436=1^A/HA1/3=9344585C/3/36C/
.=5/83/@A6`5C/05:431/5/E43;3=23/525/a63/:51/5;;1=585/EA4/B1B/3/E305/1432A45?
1432A45
@39432D415


RSiU
._ .*./8@/d/y.8@
*(_ d(*.@d*dy.*(.
4A93;;A/=/?/?????????
dB/????//????/aEE/???
.A/@3=cA4/43;183=23/85/B545/8A;/3E6258A;C/EA4/HA4]5/8A/81;EA;2A/=A/1=91;A/(/8A/542?/nE/8A/*3>1B3=2A/
8A/3HA4C/99/A/542?/hVC/85/!31/=?/o?DDahEC/9AB/E543934/H5:A4D:30/83;25/@394325415C/=A;/234BA;/85;/1=HA4B5]3;/3/
B5=1H3;25]3;/8A;/f4>^A;/279=19A;/85/5;5?
3E6258A/"A;7/85/@10:5
41B314A@39432D41A
RS
._ .*./8@/d/y.8@
8j@/!y8*(./y7j(.
8*d_ /d/@d*z(8/j?/qC/d/ggaEDE
8/(*dy8*/./8j@/!y8*(./y7j(././._ .*./8@/d/y.8@C/=A/6;A/83/;65;/
5241b61]3;C/43;A0:3h
yqMLMLKWKLMdMRMzMQKMlXPLVWYXOSKMr[UPSUKMTUKJMQRLYSPKQKLMKMORVPSbRLMQRMYOK|KWvXMUXJMQRZVYKQXLnM
9A=;602A43;/3/;34:18A43;/8A;/;32A43;/83/5EA1A/85/A=;602A415/y79=195?
a?/.;/436=13;/83/245b50cA/;34^A/5>3=8585;/E43:15B3=23/E305/1432A415/85/AA483=5]^A/83/@34:1]A;/
F3451;?
????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????
g?/5:3=8A/B51;/83/6B5/;A019125]^A/83/6;A/E545/A/B3;BA/cA4D41AC/;34D/58A2585/5/;3>61=23/A483B/83/
E43H34F=915h
D//436=13;/83/245b50cA/9AB/5/E542191E5]^A/83/83E6258A;I
DD//436=13;/83/245b50cA/85/81432A415I
DDD//436=13;/83/245b50cA/8A;/9A=;602A43;I
(z/?/??????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????
z/?/????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????/
n?/8/95=9305B3=2A/83/436=1^A/83:34D/;34/1B381525B3=23/9AB6=1958A/ /1432A4<5/85/AA483=5]^A/83/
@34:1]A;/F3451;?

"A;7/85/@10:5
1432A4

r


RS
.*dd*/"/* (8
3h/3E5425B3=2A/"64<819A
545h/F343=23/.8B1=1;24521:A
@3=cA4/F343=23C
AB/4305]^A/ /a63;2^A/;Ab43/5/3;25b1018583/E4A:1;f415/EA4/>3;25]^AC/A6/=^AC/85/3BE43>585/605=5/83/y50C/E5;;5BA;/
5/5=501;54/A/5;;6=2A?/
5MKOYSNXMynMWRYOKMH|ZnMQXM0lrnMKLLRNVOKMRLYK|SWSQKQRMNMRJZORNKQKMNRLYKPYRnMQRLQRMKMUXPTOJKtuXMQKMNOKoSQRmMKY[M
91=9A/B3;3;/5Ef;/A/E542A?
j3;25/c1Ef23;3C/3G1;23/43;EA=;5b1018583/Abe321:5/8A/3BE43>58A4/E305/B5=623=]^A/8A/3BE43>AC/A6/;3e5C/b5;25/
9ABE4A:54/5/>45:183`/=A/964;A/8A/9A=2452A/E545/a63/c5e5/1=918F=915/85/43>45/a63/5;;3>645/5/3;25b1018583/E4A:1;f415/=A/
3BE43>A?/8/H6=85B3=2A/e64<819A/83;25/3;25b1018583/7/5/E4A23]^A/ /B5234=18583/3/ /1=H=915C/A6/;3e5C/E4A23>34/5/>3;25=23/3/A/
=5;91264AC/5;;3>645=8A/5/81>=18583/85/E3;;A5/c6B5=5?
MUXPTOJKtuXMQKMNOKoSQRmnMRZORLLuXMVYSWSmKQKMPKMlXPLYSYVStuXnMORxRORLRMNMKTOJKYSoKMJ[QSUKMQXMRLYKQXMNRLYKUSXPKWM
85/3BE43>585/3/=^A/3G1>3/a63/A/3BE43>58A4/23=c5/91F=915/E47:15/85/;1265]^A/85/>45:183`?/j3;23/;3=218A/23B/;18A/5;/
431234585;/8391;3;/8A/?/y@yC/960B1=5=8A/9AB/5/381]^A/85/@B605/=?/affC/a63/5;;1B/81;91E01=5/5/a63;2^Ah
(/\/8/83;9A=c391B3=2A/8A/3;258A/>45:<819A/E30A/3BE43>58A4/=^A/5H5;25/A/814312A/5A/E5>5B3=2A/85/1=83=1`5]^A/
839A443=23/85/3;25b1018583?/}542?/DEC/((C/ibk/8A/.y~?/}3G\8"/=p/oo//"/Dg?Ef?aEEf~?
((/\/./>545=215/83/3BE43>A/ />3;25=23/;f/562A41`5/5/431=23>45]^A/;3/3;25/;3/834/8645=23/A/E34<A8A/83/3;25b1018583?/A/
9A=24D41AC/5/>545=215/43;241=>3\;3/5A;/;50D41A;/3/83B51;/814312A;/9A443;EA=83=23;/5A/E34<A8A/83/3;25b1018583?/}3G\@B605/=p/
aff//*3;/DaDaEEqC/"/Dh?DD?aEEq~?
(((/\/j^A/cD/814312A/85/3BE43>585/>3;25=23/ /3;25b1018583/E4A:1;f415/=5/c1Ef23;3/83/58B1;;^A/B3815=23/9A=2452A/83/
3GE341F=915C/:1;2A/a63/5/3G21=]^A/85/4305]^A/83/3BE43>AC/3B/H593/8A/274B1=A/8A/E45`AC/=^A/9A=;21261/81;E3=;5/54b124D415/A6/
;3B/e6;25/956;5?/}3G\8"/=p/Dhg/\/(=;34185/3B/Eo?DD?aEEE~?
XMUKLXMUXWXUKQXMRJMKPpWSLRnMZROUR|RLRMVRMPuXMvKoSKMUXPTOJKtuXMQKMNRLYKtuXMKPYRLMQKMQSLZRPLKqMXMUXPYOpOSXnM
815=23/85/;6;E3125/83/>45:183`C/5/3BE43;5/23:3/A/961858A/83/E3814/5/43501`5]^A/83/3G5B3/05bA452A4150C/A/a63/HA1/H312AC/=^A/
YRPQXMLSQXMUXPTOJKQKMKMNOKoSQRmqMMRJZORLKML$MQSLZRPLXVMKMRJZORNKQKMQRZXSLMVRMWvRMxXSMKZORLRPYKQXMXMORLVWYKQXMPRNKYSoXM
QXMYRLYRMQRMNOKoSQRmqMMUXPTOJKtuXMQXMRLYKQXMNRLYKUSXPKWML$MoRSXMKZ$LMKMQSLZRPLKq
LLSJnMZKOKMLXWVtuXMQKMVRLYuXnMSJZXOYKPYRMSPQKNKOMLRMNOKoSQRmMUXPTOJKQKMPXMUVOLXMKoSLXMZO[oSXMSPQRPSmKQXM
>545=23/A6/=^A/5/3;25b1018583?
8/y@y/23B/8391818A/}@B605/qnD~C/a63/5/E4Ae3]^A/8A/9A=2452A/83/245b50cA/E545/A/H6264AC/E305/9A=93;;^A/83/5:1;A/
E47:1A/1=83=1`58AC/23B/3H312A;/01B1258A;/ ;/:5=25>3=;/39A=B195;/Ab2185;/=A/E34<A8A/83/E47\5:1;A?/d;23/3=23=81B3=2A/
3G9061/5/3;25b1018583/E4A:1;f415/85/>3;25=23C/a65=8A/5/>45:183`/A9A443/5Ef;/5/43;91;^A/9A=2452650?
./>45:183`/;6E34:3=13=23/ /81;E3=;5C/8645=23/A/5:1;A/E47:1A/1=83=1`58AC/=^A/5;;3>645/5/3;25b1018583?/A=268AC/=5/
vSZ$YRLRMQXLMKVYXLnMRJ|XOKMKMNOKoSQRmMYRPvKMLSQXMUXPTOJKQKMPXMUVOLXMQXMKoSLXMZO[oSXMSPQRPSmKQXnMUROYXM[MVRMKMRJZORNKQKM
JpMRLYKoKMNOpoSQKMKPYRLMQKMQSLZRPLKnMUXJXMKYRLYKJMXLMRKJRLMYOKmSQXLMKXLMKVYXLqMMUXPUWVLuXMQKMVWYOXLLXPXNOKTKMX|LY[YOSUKM
KTOJKMVRMRJMdMQRMJVWvXMQRML#MKMSQKQRMNRLYKUSXPKWMRUXNOKTUKMROKMQRMZXVUXMJKSLMQRMydMLRJKPKSLnMZXOYKPYXnMPKMQKYKMQXM
5H5;25B3=2A/5/43905B5=23/eD/9A=25:5/9AB/B51;/83/ED/BF;/83/>45:183`?
dB/H593/8A/3GEA;2AC/9A=;18345=8A/A;/H6=85B3=2A;/e64<819A;/8A/1=;21262A/85/3;25b1018583/85/>3;25=23C/9A=;18345=8A/
a63/5/43;EA=;5b1018583/8A/3BE43>58A4/E305/B5=623=]^A/8A/3BE43>A/7/Abe321:5/3/9A=;18345=8A/a63/A/83;9A=c391B3=2A/8A/
3;258A/>45:<819A/=^A/1BE383/A/439A=c391B3=2A/85/>45:183`C/9A=9061\;3/a63h
5~/=^A/3G1;23/3;25b1018583/a65=8A/5/>45:183`/A9A443/=5/:1>F=915/8A/5:1;A/E47:1A/1=83=1`58AI
|MTUKMKLLRNVOKQKMKMRLYK|SWSQKQRMVKPQXnMRJ|XOKMUXPTOJKQKMPXMZROsXQXMQXMKoSLXMZO[oSXMSPQRPSmKQXnMKMNOKoSQRmM
A9A443/5=23;/85/81;E3=;5?
3/59A48A/9AB/251;/9A=906;3;C/3=23=83BA;/a63/5/3BE43;5/83:3/E4A93834/5/431=23>45]^A/85/3BE43>585/815=23/85/
3;25b1018583/E4A:1;f415/839A443=23/85/>3;25]^A?
7/A/E543934?
}0A95018583~C/}815~/83/}BF;~/83/}5=A~?
}5;;1=52645~
}=AB3~
}954>A~


$tu"
._ .*./8@/d/y.8@
(*dy8*(.Fd*.!
8*y.*(./j?/DC/83/DqDaEDE
1;91E01=5/5/62101`5]^A/85/9c5=9305/30324=195/=5;/43a61;1]3;/
83/E5;;5>3=;/57435;/3/81D415;/83/:15>3=;C/562A41`585;3B/
E4A93;;A;/ 58B1=1;24521:A;/ =A/ Bb12A/ 85/ B545/ 8A;/
3E6258A;/3/5;;1=585;/E30A/1432A4F3450?
8/(*dy8*Fd*.!/./._ .*./8@/d/y.8@C/=A/6;A/85;/5241b61]3;/a63/0c3/9A=H343/A/
5421>A/DfnC/123B/!zC/85/*3;A06]^A/=?/aEC/83/qE/83/=A:3Bb4A/83/DhnDC/43;A0:3h
.42?/DD/195/1=;2126<8A/A/6;A/85/9c5=9305/30324=195/=5;/43a61;1]3;/83/E5;;5>3=;/57435;/3/81D415;/83/
:15>3=;C/562A41`585;/3B/E4A93;;A;/58B1=1;24521:A;/E305/562A418583/9ABE323=23/3/5;;1=585;/E30A/1432A4F3450C/
E545/E5405B3=254C/;34:18A4/A6/9A=:1858AC/=A/Bb12A/85/B545/8A;/3E6258A;?
.42?/aD/./9c5=9305/30324=195C/83/593;;A/43;2412AC/;34D/:D0185/;3/5623=219585/B3815=23/9f81>A/83/
;3>645=]5/3/59ABE5=c585/8A/523;2A/8A/c3H3/83/F5b1=323/85/1432A415F3450/A6/8A/;36/E41B314A/;6b;21262A?
.42?/qD/d;25/EA425415/3=245/3B/:1>A4/=5/8525/83/;65/E6b0195]^A?
@74>1A/@5BE51A/A=243145;/83/.0B3185
1432A4F3450
*

._ .*./8@/d/y.8@

*Fp8/*(j(.!
f4>^A/@396=8D41A
*d!.y*(8

(=24A86]^A
.E43;3=254/6B/b43:3/43;6BA/85;/23BD2195;/5/;343B/5bA48585;?/dB/;3/24525=8A/83/43052f41A/83/:15>3BC/
1=81954/5/83=AB1=5]^A/8A/3:3=2AC/0A950/3/E34<A8A/9ABE433=818A?
yfE19A/D
.241b614/6B5/23BD2195/E545/A/43052A/5/;34/5E43;3=258A?
????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????
yfE19A/D?D
5:3=8A/;6b81:1;3;C/A;/5;;6=2A;/;6b;3aC3=23;/;34^A/5E43;3=258A;/c13454a61`58A;/ /23BD2195/>3450?
/?????????????????????????????????????????????????????????????????????????????????//???
yfE19A/a
.241b614/6B5/23BD2195/E545/A/43052A/5/;34/5E43;3=258A?
?????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????
dqMlXPLSQROKtbRLMTPKSL
?????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????
245;<015C//

/???????????????????????????83//

83/aED???
jAB3
6=]^A/A6/54>A

r1


! #wt

._ .*./8@/d/y.8@

*Fp8/*(j(.!
4>^A/@396=8D41A
}zA9521:A~
}54>A/A6/H6=]^A/3/=AB3/8A/83;21=52D41A~

/
????????????????????????????????????/}=AB3/8A/43a6343=23C/3B/B51;9605;~/??????????????????????????/
qqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqMQRJKSLMQKQXLMQRMVKWSTUKtuXnMORVROMqqqqqqqqqqqqqqqqq
????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????
j3;23;/234BA;C/
383/83H341B3=2A?
245;<015C/???????/ 83/??????????????????/??????????????????????????????????????????????????????????83/aED?????

jAB3
54>A/A6/6=]^A

6jUqU
ED?/.=501;3h
D?/<=8;@L@P
@
a?/Y
@
./4385]^A/8A/8A96B3=2A/591B5/1=8195/245254\;3
}.~/8A/3=95B1=c5B3=2A/83/6B5/525?
}2~/8A/1=<91A/83/6B/43a6341B3=2A?
}~/83/2439cA/8A/9A4EA/83/6B/AH<91A?
}~/85/1=24A86]^A/83/6B/43052f41A?
}d~/8A/H39cA/83/6B/B3BA45=8A?
LqMMORQKtuXMSPYRSOKJRPYRMKZOXZOSKQKMRMUXOORYKMQRMVJMQXUVJRPYXMXTUSKWM[
}.~/d;25BA;/3=95B1=c5=8A/ /zA;;5/@3=cA415/50>6B5;/431:1=8195]3;C/3/3;E345BA;/EA834/3;254/;3=8A/4393b18A;/3B/:A;;A/>5b1=323/E545/
81;96214/=A;;A;/E4Ab03B5;/;5054151;?
rK


}2~/8/23G2A/A45/5E4A:58A/3B/;3;;^A/3G245A481=D415/E43:F/5/
4381;241b61]^A/83/E3;;A50/3;E391501`58A/3B/;34:1]A;/>3451;/E545/A;/
83E5425B3=2A;/a63/HA45B/4393=23B3=23/94158A;?
}~/d;2A6/3=95B1=c5=8A/5/E43;3=]5/83/z?/@?/3;23/eA:3BC/
B612A/1=2301>3=23/3/3;E342AC/a63/0c3/:51/43;A0:34/A;/E4Ab03B5;/8A/
;1;23B5/83/1=HA4B521`5]^A/83/;36/>5b1=323?
}~/g65=8A/;3/E4A964A6/43;A0:34/A;/E4Ab03B5;/83/E3;;A50/5a61/
=3;23/83E5425B3=2AC/H502545B/6B/=B34A/>45=83/83/;34:18A43;/
E545/A;/5=85B3=2A;/8A/;34:1]A?
3M0XMPXLLXMZXPYXMQRMoSLYKMZRLLXKWnMTUKMQSxsUSWMoXLMSPxXOJKOM
83/a651;/E4A:18F=915;/:^A/;34/2AB585;/E545/43;A0:34/3;;5/9A=H6;^A/
a63/HA1/94158A/E30A;/B5=1H3;25=23;?
Eq?/./H45;3/96e5/4385]^A/3;2D/1=23145B3=23/9A44325/3/5E4AE41585/
ZKOKMVJKMUXOORLZXPQ{PUSKMXTUSKWM[
}.~/7/9AB/B612A/E45`34/a63/3=95B1=cA/ /z?/dG?/8;/9A=:123;/
E545/5/436=1^A/83/>505/83;23/A=;30cAC/3B/a63/;3/H54D/cAB3=5>3=;/
5/2A8A;/A;/106;243;/B3Bb4A;/83;;5/81432A415C/1BEA425=2<;;1B5/=5/
3G396]^A/8A;/=A;;A;/;34:1]A;?
}2~/A4/83234B1=5]^A/cAe3/83/=A;;A/dG9303=2<;;1BA/c3H3/8A/
@32A4C/=A;/8141>1BA;/5/2A8A;/A;/83/:A;;A/>5b1=323C/E545/1=HA4B54/
83/a63/5;/B38185;/83/56;23418583/439AB3=8585;/EA4/z?/@5?/eD/3;2D/
;3=8A/2AB585;C/E545/3:1254\;3/A;/5245;A;/8A;/E45`A;?
}~/d;25BA;/3=95B1=c5=8A/5/z?/@5?/A;/43;60258A;/5/a63/
9c3>545B/=A;;A;/5=501;25;/;Ab43/5;/9A=81]3;/83/H6=91A=5B3=2A/
83;23/;32A4C/b3B/9ABA/5;/E4A:18F=915;/5/;343B/2AB585;/E545/5/
9A=;396]^A/8A;/;34:1]A;/3/A/96BE41B3=2A/8A;/E45`A;/3;21E6058A;?
}~/.;/A483=;/3GE43;;5;/5/2A8A;/A;/H6=91A=D41A;/7/83/a63/
;3/EA;;5/3;254/2AB5=8A/5;/B38185;/B51;/8A/a63/1BEA425=23;/
ZKOKMYXOPKOMPXLLXMQRZKOYKJRPYXMJKSLMRTUSRPYRnMPKMKNSWSmKtuXMQXLM
24B123;/03>51;/8A;/8A96B3=2A;/a63/E5;;5B/EA4/5a61?
}d~/3]A/9AB/2A8A/A/43;E312A/5/z?/dG?C/a63/2AB31;/E4A:18F=915;/
95b<:31;/E545/:14/=A:A;/H6=91A=D41A;/E545/3;;3/=A;;A/;32A4C/a63/;3/
3=9A=245/3B/9A=81]3;/81H<931;/83/5>101`54/2A8A;/A;/8A96B3=2A;/
a63/E4391;5BA;/3=:154?
Ef?/./43;E312A/8A;/E5843;/83/4385]^A/83/6B/]C/7/
#l5]]3r5MKTOJKOMVR
}.~/3:3/9A=234/A/=B34A/8A/3GE3813=23C/;3>618A/85/;1>05/8A/
f4>^A/a63/A/3GE383?
}2~/3:3/9A=234C/=A/1=<91AC/9AB/501=c5B3=2A/ /8143125C/A/0A950/
83/A=83/7/3GE3818A/3/5/8525/3B/a63/HA1/5;;1=58A?
}~/3:34D/9A=;254C/43;6B185B3=23C/A/23A4/8A/5;;6=2A/8A/
8A96B3=2A?
}~/8/23G2A/83:3/;34/4381>18A/3B/01=>65>3B/90545/3/814325C/
43;E3125=8A\;3/5/HA4B5018583/a63/83:3/c5:34/=A;/3GE3813=23;/
XTUSKSLq
}d~/8/H39cA/83:34D/954592341`54\;3/E305/EA0183`C/9ABA/EA4/
3G3BE0Ah/>7@>-?
EV?/5:3415/9A34F=915/9AB/5;/18315;/8A/23G2A/3/43;E3125415/5;/
PXOJKLMQRMORQKtuXMQRMQXUVJRPYXLMXTUSKSLMLRMXMYRYXMKZORLRPYKQXM
HA;;3/1=906<8A/9ABA/E54D>45HA/1=19150/3B/6B/AH<91A/9ABE03B3=258A/
ZRWXMZKOpNOKxXMTPKWMRMXLMxRUvXLM5E43;3=258A;/5/;3>614?
rc

@A019125\;3C/EA425=2AC/5/81:60>5]^A/83;;3;/858A;/e6=2A/5A;/
f4>^A;/9ABE323=23;?
.23=91A;5B3=23C
384A/@5=2A;
"&
U
#u/ED\//Ea\2//Eq\//Ef\d//EV\/}9A44325~

RRRRh
j^A/b5;25/9A=c3934/A/9A=238A/85;/E5423;/83/6B/245b50cAh/1=\
24A86]^AC/83;3=:A0:1B3=2A/3/9A=906;^A?/.07B/83/;5b34/A/a63/;3/
83:3/}3/A/a63/=^A/;3/83:3~/3;943:34/3B/9585/E5423/9A=;21261=23/8A/
23G2AC/7/E4391;A/;5b34/3;943:34/Ab38393=8A/ ;/=A4B5;/83/9A34F=915/
RMUXRLuXqMPYRLMQRMJKSLMPKQKnM[MPRURLLpOSXMQRTPSOMXLMYROJXLM
81`/43;E312A/ /54219605]^A/8A/23G2AC/ /9ABE521b1018583/85;/
18315;C/ /0f>195/8A/4591A9<=1AC/5/;36/9A=238A?/43H343\;3/ /
3GE43;;^A/01=>6<;2195C/5A/=<:30/>45B521950C/ ;/3;2462645;/H45;51;/3/5A/
3BE43>A/8A/:A95b60D41A?
A34F=915/3/9A3;^A/430591A=5B\;3/9AB/A/E4A93;;A/83/E4A86\
]^A/3/9ABE433=;^A/8A/23G2AC/5/9A3;^A/9A=241b61/E545/5/9A34F=915C/
B5;/=3B/;3BE43/6B/23G2A/9A343=23/5E43;3=25/9A3;^A?/A83/A9A4\
434/a63/A/23G2A/;3B/9A34F=915/5E43;3=23/9A3;^AC/A6/a63/6B/23G2A/
23=c5/9A3;^A/;3B/9A34F=915?/dB/A6245;/E505:45;h/6B/23G2A/EA83/
;34/>45B521950B3=23/b3B/9A=;246<8AC/9AB/H45;3;/b3B/3;2462645\
85;C/:A95b60D41A/9A4432AC/B5;/5E43;3=254/18315;/81;E5452585;C/;3B/
=3GAC/;3B/6B5/;3a6F=915/0f>195h/cD/9A3;^AC/B5;/=^A/9A34F=915?/
A4/A624A/058AC/6B/23G2A/EA83/5E43;3=254/18315;/9A343=23;/3/b3B/
3=9583585;C/;3B/a63/=A/E05=A/85/3GE43;;^AC/5;/3;2462645;/H45;51;/
;3e5B/>45B521950B3=23/59312D:31;h/cD/9A34F=915C/B5;/=^A/9A3;^A?/
j5/Ab45/83/8;508/83/.=84583C/EA4/3G3BE0AC/3=9A=245B\;3/
23G2A;/9A343=23;/;3B/9A3;^AC/A6/23G2A;/9A3;A;C/B5;/;3B/9A34F=\
915?/dB/540A;/46BBA=8/83/.=84583C/cD/1=B34A;/3G3BE0A;/83/
23G2A;/9A343=23;C/;3B/9A3;^A/>45B521950/=A/E05=A/;1=2D219A?/./01=\
>65>3B/01234D415/58B123/3;;5;/01b348583;C/A/a63/=^A/:3B/5A/95;AC/
EA1;/=5/01=>65>3B/5958FB195C/43H343=9150C/5/Ab381F=915/ ;/=A4B5;/
83/9A34F=915/3/9A3;^A/;^A/Ab41>52f415;?/.1=85/5;;1BC/E545/B30cA4/
3;9054391B3=2A/8A/5;;6=2AC/5E43;3=25B\;3/3G3BE0A;/83/9A34F=915/
;3B/9A3;^A/3/9A3;^A/;3B/9A34F=915h
vi6j7jw




?@@@
Y?@
4F4
.E3;54/85/5E543=23/H5025/83/=3GAC/E3493b3\;3/=12185B3=23/5/
83;941]^A/83/6B5/918583`1=c5/8A/1=2341A4h/5/E51;5>3B/46450C/A/3;21\
0A/83/:185/;A;;3>58AC/A/cDb12A/83/b1;b10cA254C/83/:1>154/85;/e5=305;/
268A/A/a63/;3/E5;;5/0D/HA45???/jA/E05=A/;1=2D219AC/5/E41B3145/3;24A\
H3/9A=27B/5E3=5;/H45;3;/A6/;1=25>B5;/=AB1=51;/}95=254/EA83/;34/
:34bA/A6/;6b;25=21:A//A;/B36/95=2543;//5;/B1=c5;/95=]3;~I/5;/
83B51;C/=^A/5E43;3=25B/9A3;^A//6B5/H45;3/=^A/;3/430591A=5/9AB/
A6245C/B5;C/E305/HA4B5/83/5E43;3=25]^AC/9A05bA45B/E545/5/9A34F=\
915/8A/23G2A?
t,uu
) @
/
@
@
<7
Ra
bd
a
S
J
__m
&vw
444
dBbA45/5;/H45;3;/;3e5B/;1=252195B3=23/9A3;5;C/=A25\;3/a63C/
=3;23/23G2AC/=^A/cD/9A34F=915C/=^A/;3/Ab;34:5/6B5/01=c5/0f>195/83/
4591A9<=1A/=5/3GE43;;^A/85;/18315;?/3493b3\;3/:5>5B3=23/a63/5/
E34;A=5>3B/"A^A/@05:A=15/23415/4393b18A/6B5/B3=;5>3B/83/"A5\
=1=c5//5B35]5=8A/9AB3234/;619<81A/
./021B5/H45;3/9A=27B/6B5/506;^A/
5A/EA3B5/C/83/d8>54/.05=/A3?
./43;E312A/85;/4305]3;/3=243/9A34F=915/3/9A3;^AC/F61B54^3;/
}DhhEC/E?/fa~/81`h
8
'8
8
='8

8@
./9A34F=915/23G2650/;6be5`/5A/23G2A/3/7/43;EA=;D:30/E305/c13\
454a61`5]^A/8A;/303B3=2A;/23G2651;C/A6/;3e5C/305/23B/A41>3B/=5;/
3;2462645;/E4AH6=85;C/=A/9A=c391B3=2A/8A/B6=8A/83/9585/E3;\
rr

;A5C/501585/ /9ABE32F=915/01=>6<;2195C/a63/E34B1214D/5/3GE43;;^A/
QKLMSQRSKLMZROUR|SQKLMRMXONKPSmKQKLnMPXMZOXURLLXMQRMUXQSTUKtuXM
43H3418A/=5/ED>1=5???/386`\;3/85</a63/7/81H<910C/;3=^A/1BEA;;<:30C/
3=;1=54/9A34F=915/23G2650C/1=21B5B3=23/01>585/ /:1;^A/83/B6=8AC/ /
A41>3B/85;/18315;/=A/E3=;5B3=2A?/./9A3;^AC/EA47BC/43H343\;3/ /3G\
E43;;^A/01=>6<;2195C/5A;/E4A93;;A;/;1=2D219A;/3/>45B521951;/8A/23G2A?
8/;3>61=23/43;6BA/954592341`5/9A34F=915/3/9A3;^Ah
2h/4383/83/;1=2A=15/3=243/5;/E5423;/3/A/2A8A/83/6B/
23G2A?/A=e6=2A/83/6=18583;/;1;23B521`585;/=6B5/583a6585/4305\
]^A/;3B=2195C/a63/;3/B5=1H3;25/=5/9ABE521b1018583/3=243/5;/18315;?/
}j5/01=>65>3B/EAE6054h/i81`34/9A1;5/9AB/9A1;5k/A6/i6B5/9A1;5/
b523/9AB/A6245k~?
h/9A=e6=2A/83/303B3=2A;/EA;191A=58A;/5A/0A=>A/8A/
23G2AC/=6B5/01=c5/83/;3a6F=915/3/9AB/A;/a651;/;3/3;25b30393/6B/
:<=960A/A6/9A=3G^A/;3a63=9150?//@3/A/:<=960A/9A3;1:A/;3/H5`/:15/
>45BD2195C/H505\;3/3B/9A3;^A/>45B521950?/@3/;3/H5`/EA4/B31A/8A/
:A95b60D41AC/23B\;3/5/9A3;^A/03G1950?
2
\/5;;3=25\;3/=A/E05=A/9A>=121:AC85/1=2301>1b1018583/8A/23G2AI
\/;1265\;3/=5/;6be59F=915/8A/23G2AI/3;25b30393/9A=3G^A/
9A=9312650I
\/430591A=5\;3/9AB/5/B594A/3;2462645I/245b50c5/9AB/A/2A8AC/
9AB/A/5;E392A/>0Ab50/8A/23G2AI
\/3;25b30393/4305]3;/83/9A=238A/3=243/E505:45;/3/H45;3;?

\5;;3=25\;3/=A/E05=A/>45B521950/3/=A/=<:30/H45;50I
\/;1265\;3/=5/;6E34H<913/8A/23G2AC/3;25b30393/9A=3G^A/
;3a63=9150I
\/430591A=5\;3/9AB/5/B194A3;2462645C/245b50c5/9AB/5;/E5423;/
9ABEA=3=23;/8A/23G2AI
\/d;25b30393/4305]3;/3=243/A;/:A9Db60A;/=A/1=2341A4/85;/H45;3;?
A34F=915/3/9A3;^A/;^A/43;EA=;D:31;/E305/1=2301>1b1018583/A6/
9ABE433=;^A/8A/23G2A?//B/23G2A/b3B/4381>18A/23B/E54D>45HA;/
b3B/3;24626458A;/3/542196058A;/E30A/3=95835B3=2A/85;/18315;/=303;/
9A=2185;?/.;/3;2462645;/H45;51;/83:3B/;34/9A343=23;/3/>45B521950\
B3=23/9A44325;C/=A/a63/43;E3125/ /;1=25G3?/8/:A95b60D41A/E4391;5/
;34/583a658A/3/3;;5/583a65]^A/;f/;3/9A=;3>63/E30A/9A=c391B3=2A/
QXLMLSNPSTUKQXLMZXLLsoRSLMQRMUKQKMZKWKoOKqMrKWoRmMXLMROOXLMJKSLM
9AB6=;/83/4385]5A/;3e5B/83:18A;/ /1BE4AE4138583/8A/:A95b60D41A/
3/5A/B56/3BE43>A/8A;/9A=3921:A;/}9A=e6=]3;C/a63/2FB/EA4/H6=]^A/
01>54/6B5/H45;3/A6/E34<A8A/5/A624A~?/d1;/50>6=;/3G3BE0A;/83/1BE4A\
E4138583/8A/:A95b60D41AC/9A0c18A;/3B/4385]3;/;Ab43/
3/A6245;?
>7@
jA;;A/814312A/7/5;;3>6458A/E305/A=;21261]^A?
Y
8@


d;25b303934/A;/01B123;/5A;/a651;/5/E4A>45B5]^A/83:3415/3;254/
;6e3125?
i./93=;645/83:3415/E6=14/5;/=A2<915;/;3=;591A=501;25;?k
./93=;645/83:3415/E4A1b14/}A6/9A1b14~/5;/=A2<915;/;3=;591A=501;\
25;/A6/E6=14/A;/B31A;/83/9AB6=195]^A/a63/:319605B/251;/=A2<915;?
/
i*32AB585/85;/47835;/85/E4A>45B5]^A?k
*32AB585/85;/47835;/8A;/B31A;/83/9AB6=195]^AC/=A/a63/81`/
43;E312A/5/E4A>45B5]^A?

oVVJ
o@
<8
Va
< 8
aJ

'@
8;/B31A;/83/9AB6=195]^A/3;2^A/439A443=8A/5/3GE3813=23;/
>4A;;314A;/:60>541`5=8A/A/=<:30/8A;/E4A>45B5;/3/83;43;E3125=8A/
A;/2303;E39258A43;?

<'/}./E41=9<E1AC/305/5931\
25:5/5;/83;960E5;/a63/_ D41A/0c3/85:5C/B5;/83EA1;/831GA6/83/5943\
81254/=303~?
Y'/}dB/
E41=9<E1AC/H543BA;/5/436=1^A/=5/a65425\H3145/

7@
('/}A4/E41=9<E1AC/
;A6/9A=245/A/4591;BA~?

<7=@
./81;96;;^A/83;23/5;;6=2A/7/2543H5/85/;A9138583/}9ABE323/ /
;A9138583~?
>
@@@
j5/:348583C/85a6303/562A4/303;/58A2545B/}62101`545B~/5E3=5;/
5/=AB3=9052645???

g65=2A/ /43>F=915/:34b50C/9A=:7B/;3BE43/9A=;60254/6B/81\
91A=D41A/83/:34bA;/3/43>1B3;C/EA1;/B612A;/:34bA;/58B123B/865;/
XVMYO{LMORN{PUSKLMQSxRORPYRLMUKQKMVJKnMZXO[JnMYRJMVJMLSNPSTUK\
QXMRLZRUsTUXqMGRJ|ORLRnMKMZOXZ$LSYXnMQRMVRMKLMQ,oSQKLMLX|ORMXM
3BE43>A/85/945;3/839A443B/8A/H52A/83/9A=;183454\;3/9ABA/
;1=50/83/593=265]^A/5E3=5;C/a65=8A/A/E4Ab03B5/43H343\;3/ /43>F=\
915/=AB1=50/3/:34b50?

<
V>j/MN<j>
 X<B?CX.=>

dG3BE0A;h

8/3BE43>A/83/:A95b60D41A/1=583a658A/E43e68195/B6125;/:3`3;/
5/9ABE433=;^A/85;/18315;?/7/1BEA425=23C/5A/4381>14C/3BE43>54/E5\
WKoOKLMUVJXMLSNPSTUKQXMLRJKMUXPvRUSQXMZRWXMRPVPUSKQXOnMRMUVJXMRJ\
E43>A/H5]5/E5423/83/;36;/9A=c391B3=2A;/01=>6<;219A;?/_ 6125;/:3`3;C/
VRJMORQSNRMUXPvRURMXMLSNPSTUKQXMQRMQRYROJSPKQKMZKWKoOKnMJKLM
=^A/;5b3/3BE43>D\05/583a6585B3=23C/1;;A/A9A443/H43a63=23B3=23/
9AB/A/3BE43>A/8A;/9A=3921:A;/}E43EA;1]3;/3/9A=e6=]3;~?/j^A/
b5;25/;5b34/a63/5;/E43EA;1]3;/01>5B/=AB3;/A6/;1=25>B5;/=AB1\
=51;/=A/1=2341A4/85;/H45;3;/3/a63/5;/9A=e6=]3;/01>5B/H45;3;/83=\
24A/8A/E34<A8AI/7/=393;;D41A/3BE43>54/583a6585B3=23/25=2A/6B5;/
9ABA/A6245;?/7/b3B/:348583/a63C/=5/B51A415/85;/:3`3;C/A/3BE43>A/
1=583a658A/8A;/9A=3921:A;/43B323/5A;/E4Ab03B5;/83/43>F=915/:34\
b50/3/=AB1=50?
dG3BE0A;h

O
@
V
]^A/7/a63/3G3493B/5/5]^A/83/9A5>14@
YIVJ
@
YIVb
@
r}

5;;1;214/
5;;1;214/A5/V
8B7819A/5;;1;23/A/8A3=23~h
.;;1;214/5A/}.;;1;21/5A/
eA>A/85/;303]^A~?
(=231454/A5/V}(=231431/A/
81=c314A/8A/E43;3=23~?
(=231454/8A/JVI
7@@@7}g63\
4A/1=2314D05/8A;/H52A;/A9A4418A;???~?
3814/A/VJ}381/A/
eA4=50/8A/815~?
3814/a63//9A=27B/MZOXxRLLXOKMZRQSVMVRMTmRL\
;3B/;10F=91A~?
3814/E545//E3814/}3816/E545/;514/85/905;;3~I/
a7}./1432A45/E3816/5e685/
E545/A;/506=A;/9543=23;~/7
}3816/5A/9A03>5/E545/5e68D\0A~I/V
8E4AH3;;A43;/E383B/56B3=2A/83/;50D41A~?
8/B56/3BE43>A/8A;/E4A=AB3;/430521:A;/25Bb7B/EA83/03:54/ /
H5025/83/9A3;^A/>45B521950?/43a63=23B3=23C/3BE43>5\;3/
3B/06>54/8A/9AB/E43e6<`A/85/90543`5/8A/23G2AI/
A6245;/:3`3;C/A/3BE43>A/7/83;=393;;D41A/A6/1=583a658A?/254bA;5/
3/.B5450/}9A05bA458A45~/}DhooC/E?/DVn~/5E43;3=25B/A;/;3>61=23;/
3G3BE0A;h


i305/B5=c^/A/9542314A/9c3>A6/9AB/6B/3=:30AE3/E545/B1B/
=A/a650/3;25:5/;3B/43B323=23k?/
@

8b;34:5\;3/A/3BE43>A/83/EA4/A/B30cA4/51=85/
TUKOSKMa63C/;1BE03;B3=23h/
@

id=9A=2431/5E3=5;/b305;/E505:45;/A/a650/=^A/86:18A/85/;3=;1\
b1018583???k
Y3/
@

A4/A624A/058AC/=^A/B3439345B/9AB3=2D41A;/=3B/5E5439345B/
=A;/eA4=51;/bA5;/4385]3;/9ABA/5/a63/;3/;3>63h

i3=24A/8A/3=:30AE3/c5:15/5E3=5;/6B/E5E30/3B/b45=9A/A=83/
KYOS|VSMJVSYXLMLSNPSTUKQXLZM
5A/a650/V}A=83/V@

@@@
>5E3;54/a63C/5E3;54/83?/Y5E3;54/83/

=^A/EA425:5/83;21=52D41A/3/3B/;36/
1=2341A4/c5:15/6B5/HA0c5/A6h/c5:15/4393b18A/6B/3=:30AE3/3B/B36/
=AB3C/a63/=^A/EA425:5/83;21=52D41AC/96eA/9A=238A/345/6B5/HA0c5/
3B/b45=9A?
d;;5;/3/A6245;/H45;3;/HA45B/Ab;34:585;/3B/4385]3;C/a65=8A/
HA1/E4AEA;2A/A/;3>61=23/23B5h
o
@
>
@
<7

RIJRJ

@
ABA/83/9A;26B3C/B612A/;3/9AB3=2A6C/527/=A;/eA4=51;/85/7EA\
95C/5/H5025/83/9A34F=915C/5;/H45;3;/;3B/90543`5C/E30A/B56/3BE43>A/
8A;/9A=3921:A;C/9ABA/5;/;3>61=23;h
(
bI
D/H5025/83/=3GA/3=243/5;/865;/H45;3;C/EA1;/6B5/=^A/7/9A=906\
;^A/85/A6245C/=3B/5A/B3=A;/3;2^A/430591A=585;/3/83:3415/
;34/;6b;2126<8A/EA4/@
<8
@
./E41B3145/H45;3/=^A/23B/;3=218A/3/5/;3>6=85/=^A/;3/430591A=5/
9AB/5/E41B3145?/8/9A=3921:A/83:3415/;6>3414/18315/83/AEA;1\
]^AC/A/a63/=^A/A9A443/=A/3G3BE0A/5=2341A4?/j^A/;3/E3493b3/4305]^A/
3=243/3/5/E41B3145/H45;3?
)
@
r

bJ^bIV
8@Y
@)

@
/7

@
=
JIVJ
=
'@
Y
RJUJb


RS6x;__;>_=
545/3:1254/5/H5025/83/9A34F=915/3/9A3;^A/=5/54219605]^A/85;/
H45;3;C/59A=;30c5\;3/03:54/3B/9A=25/5;/;3>61=23;/;6>3;23;/E545/A/
3BE43>A/9A4432A/8A;/542196058A43;/;1=2D219A;/}9A=e6=]3;C/E43EA;1\
]3;C/0A96]3;/E43EA;121:5;/3/0A96]3;/9A=e6=21:5;~?
545/854/18315/83/AEA;1]^A/A6/9A=24581]^A5/54219605]^A/;1=\
2D2195/;3/H5`/EA4/B31A/83/9A=e6=]3;/58:34;521:5;h/7
}=6=95/=A/3=24325=2A~?/
A83B/25Bb7B/;34/3BE43>585;/5;/9A=e6=]3;/9A=93;;1:5;/3/
0A96]3;/E43EA;121:5;/E545/1=24A86`14/5/18315/83/AEA;1]^A/501585/ /
9A=93;;^Ah/
@
./54219605]^A/;1=2D2195/83/956;5EA83/;34/H3125/EA4/B31A/83/
9A=e6=]3;/3/0A96]3;/9A=e6=21:5;h/EA1;C/
@y5Bb7B/EA83B/;34/3BE43>5\
85;/5;/E43EA;1]3;/3/0A96]3;/E43EA;121:5;h/
F=915/83C/EA4/BA21:A/
83C/EA4/45`3;/83?
8/E41=91E50/542196058A4/;1=2D219A/83/7/A/
@A83\;3/25Bb7B/3GE43;;54/
9A=81]^A/E30A/3BE43>A/8A;/9A=3921:A;h/
@
8/3BE43>A/85/E43EA;1]^A/75/B5=3145/B51;/9AB6B/83/
RZORLLKOMTPKWSQKQR@t7/=393;;D41A/b51G54/5;/25G5;/83/e64A;/
@
@A624A;/
KOYSUVWKQXORLMVRMRZORLLKJMTPKWSQKQRMJU
JJJJ
J

012345
./18315/83/9A=906;^AEA83/;34/1=24A86`185/EA4/B31A/8A;/54\
2196058A43;h/
@545/1=24A86`14/
B51;/6B/54>6B3=2A/5/H5:A4/83/83234B1=585/9A=906;^A/3BE43>5\
\;3/@8;/542196058A43;/777
1=24A86`3B/6B/54>6B3=2A/8391;1:AC/95b50C/5E43;3=258A/
UXJXMVJMKUO[LUSJXnMZKOKMJVLYSTUKOMQRMxXOJKMSPUXPYRLYpoRWMXMKONV\
B3=2A/9A=24D41A?
XKOKMSPYOXQVmSOMRLUWKORUSJRPYXLnMORYSTUKtbRLMXVMQRLRPoXWoS\
B3=2A8A/a63/HA1/812A/3BE43>5B\;3/A;/542196058A43;h//7C/a634/
81`34C/A6/;3e5C/3B/A6245;/E505:45;?/./9A=e6=]^A/58121:5//5=6=915/
=^A/5/43E321]^AC/B5;/A/83;3=:A0:1B3=2A/8A/81;964;AC/EA1;/5943;\
93=25/6B5/1=HA4B5]^A/=A:5C/6B/858A/=A:AC/3/;3/=^A/5943;93=254/
=585C/7/E645/43E321]^A/3/83:3/;34/3:12585?
.0>6=;/542196058A43;/;34:3B/E545/3;25b303934/6B5/>4585]^A
3=243/A;/9A443;EA=83=23;/83/83234B1=585/3;9505?/jA/502A/83;;5/3;\
9505/59c5B\;3h/77OA624A;/;1265B\;3/=A/E05=A/
B51;/b51GAh/5A/'@

/X+.P7

/X+.P7

012345


  !"#$ $%!&  &'(#$) $
& *&$+" !&%)$,-.'-$)$& *&/$
-'-%0'(#$) $) &  %!')'$%) %'/$
'-'1'"$,!'&'"23$
4567859:;<=:>?=;@9;7ABC56C9DE;F9G6;976;H676@6E;9FI:AJ6E;C9FK
JAI576@6E;@9F9BL6@6;9JIE;<=@9;F9:;I=BFA@9:6@6;J9MJ=N;OFFADE;5D;
J9MJ=;<=@9;I=BFJAJ5A:KF9;@9;5D6;H:6F9E;5D6;<676P:6E;5D;FAB67E;5D6;
AD6C9DE;=5;67C5D6;<=:>?=;D6A=:;9;D6AF;7=BC6;I=D=;5D;:=D6BI9;
=5;5D6;B=P976N;Q=:;AFF=E;6;I=D5BAI6>?=;B?=;9BP=7P9;F=D9BJ9;6;
7ABC56C9D;P9:R67E;I=D=;B6;9FI:AJ6;9;B6;H676E;D6F;J6DRSD;9BP=7K
P9;6;7ABC56C9D;B?=KP9:R67N;TFJ9;JA<=;@9;7ABC56C9D;F9;@9F9BP=7P9;
@9;D6B9A:6;I=D<79M6;B6;F=IA9@6@9;I=BJ9D<=:UB96;9;:976IA=B6KF9;
I=D;=5J:6F;7ABC56C9BF;I=D=;6;D=@6E;=F;C9FJ=FE;6;6:J9E;=F;FAB6AFE;
9JIN
O;7ABC56C9D;P9:R67;S;6;@6;<676P:6;6:JAI576@6;B6F;H=:D6F;=:67;
=5;9FI:AJ6N;OF;=5J:6F;J=@6F;F?=;B?=KP9:R6AFV;7ABC56C9BF;859;F9;P6K
79D;@=F;F=BFE;I=D=;6;DWFAI6E;6F;PAF56AFE;9;6FFAD;<=:;@A6BJ9N;XY;
J6DRSD;6F;7ABC56C9BF;859;F?=;DW7JA<76FE;I=D=E;<=:;9M9D<7=E;=;
J96J:=E;6;J979PAF?=E;=;IAB9D6E;859;F?=;PAF56AFE;F=B=:6FE;9BP=7P9B@=;
6;PAF?=E;6;65@A>?=;9;=;D=PAD9BJ=N;Z;L=D9D;F9;I=D5BAI6;@9;PYK
:A6F;D6B9A:6FN;[9D;F9D<:9;S;B9I9FFY:A=;J:6BFDAJA:;5D6;D9BF6C9D;
<976;7ABC56C9D;P9:R67N;Q=:;9M9D<7=V;<6:6;6J:6P9FF6:D=F;5D6;:56;
LY;5D;FAB67;P9:D97L=;859;J:6BFDAJ9;5D6;ABH=:D6>?=;6;J=@=F;6=;
:9@=:N;\ 5AJ6F;@6F;P9]9F;B?=;9FJY;9FI:AJ=;^QY:9_;I=D=;AB@AI6>?=;9D;
75C6:;67C5DE;LY;F=D9BJ9;=;FAB67;P9:D97L=E;9;979;S;5D6;7ABC56C9D;
859;B=F;@A];<6:6;<6:6:D=FN
O7C=;859;@AH9:9BIA6;6F;7ABC56C9BF;P9:R67;9;B?=KP9:R67;S;=;
D9A=;=B@9;I6@6;5D6;S;P9AI576@6N;[=:D67D9BJ9;B`F;5F6D=F;D6AF;
@9;5D6;7ABC56C9D;6=;D9FD=;J9D<=N;Q=:;9M9D<7=V;9FI:9P9D=F;5D;
abcadefgdhdgijdkfljfmnopgdefljifqdadfrdkfisdtirudfaijvwjfrif
7ABC56C9D;PAF567N;x9<9B@9B@=;@6;ABJ9B>?=;@6;D9BF6C9DE;@=;I=BK
J9MJ=E;@6F;<9FF=6F;859;9FJ?=;9BP=7PA@6FE;@6;<6:JAIA<6>?=;@9;I6@6;
5D;B6;I=D5BAI6>?=;<6:6;859;I9:J=;JA<=;@9;7ABC56C9D;F9G6;D6AF;
bpgtbrabfylbfdfdlandefdlfsinifylbfljfgdrzlradfubhbkfsndjd{ifljf
D97L=:;6I9:J=;B6;ABJ9:6>?=N
|9DKF9;6;AD<:9FF?=@9;859;6;F=IA9@6@9;6J567;I=D=;5D;J=@=;
J9D;P67=:A]6@=;D5AJ=;=;PAF567N;}AP9D=F;9D;5D6;F=IA9@6@9;@9;AD6K
C9DE;676P6BI6@6E;J67P9]E;<976;<5R7AIA@6@9E;<976;F=IA9@6@9;@9;I=BK
F5D=N;O;F=IA9@6@9;@9;I=BF5D=;S;H=:J9D9BJ9;C5A6@6;<97=;PAF567N;
[?=;S;5D6;859FJ?=;@9;F9:;R=D;=5;:5ADE;6<9B6F;S;6FFAD;859;9FJY;
=I=::9B@=;B6;F=IA9@6@9N;Z5J:=;H6J=;AD<=:J6BJ9;S;=;@9;859;6;F=IA9K
@6@9;=IA@9BJ67;S;67J6D9BJ9;67H6R9JA]6@6N;|5@=;J9D;859;6I=BJ9I9:;
PA6;<6<97;9FI:AJ=;9;ABWD9:6F;P9]9F;6FFAB6@=;9DR6AM=N;Q=:;AFF=E;5D;
JA<=;@9;7ABC56C9D;859;J9D;FA@=;9MJ:9D6D9BJ9;P67=:A]6@6;J6DRSD;
S;6;P9:R67;9FI:AJ6N
~;<:9IAF=;F6R9:;ABJ9:<:9J6:;6F;D9BF6C9BF;9;ABH=:D6>9F;
PAFP9AF;9;65@P9AFE;D6F;J6DRSD;685976F;859;F?=;J:6BFDAJA@6F;
@9;H=:D6;F5R7ADAB6:E;@9;H=:D6F;AB@A:9J6FE;B?=;J?=;I76:6D9BJ9;
<9:I9<JP9AFN;bjvnbkbfubfphjbkfjludkefubkbrdkefgintgialnikef
FAB6AFE;I=:9FE;=RG9J=FE;9FJA7=F;@9;:=5<6FE;FDR=7=FE;D=PAD9BJ=F;
I=:<=:6AFE;C9FJ=F;@9;5D;:9C9BJ9;@9;=:859FJ:6;=5;@9;5D;G5A];@9;H5J9K
R=7E;9JIN;TFJ6F;9;D5AJ6F;=5J:6F;H=:D6F;@9;I=D5BAI6>?=;B?=KP9:R67;
<=@9D;F9:;5JA7A]6@6F;9;9M<7=:6@6F;B6;F=IA9@6@9N;}9G6;6R6AM=;B=;
9M9D<7=;I=D=;=F;=5PABJ9F;@9;5D6;<679FJ:6;6<:9B@9:6D;D5AJ=;R9D;
6;F9;I=D5BAI6:;@9;D6B9A:6;B?=KP9:R67V

ZRF9:P9D=FE;6C=:6E;856BJ=F;JA<=F;@AH9:9BJ9F;@9;F9BJAD9BJ=F;S;
<=FFP97;J:6BFDAJA:;6;67C5SD;F9D;859;F9;5JA7A]9;@9;<676P:6F;9FI:AJ6F;
=5;H676@6FV

ubratpylbefifsinatnfuiefdfylfifsbnkdrimbjfudfginaljfivitcdf
@9F9G6;@9;F95;I=79C6;B9FJ9;9M6J=;D=D9BJ=;9;856AF;=F;F9BJAD9BJ=F;
859;=F;@=AF;9FJ?=;F9BJAB@=V

O<:9B@9D=F;I=BF9859BJ9D9BJ9E;859;LY;ABWD9:6F;9;@AH9:9BJ9F;
H=BJ9F;@9;ABH=:D6>?=;<6:6;=;79AJ=:;859;J9D;5D6;R=6;<9:I9<>?=;@6F;
I=AF6FN;O7SD;@6;FAD<79F;79AJ5:6;9;ABJ9:<:9J6>?=;@6F;<676P:6F;859;
9FJ?=;AD<:9FF6F;@A6BJ9;@9;B`F;9D;5D;7AP:=E;<=@9D=F;B=F;P679:;@9;
dlandkfbhbjbradkfadfbpgtbrabkfyliradfikfsihi{nikfsinifgdjlrtginf
9;9MJ:6A:;F9BJA@=FN



K456B@=;F9;:976J6;5D6;=:@9D;=5;I=D6B@=;@9;67C5SDE;5F6KF9;
dftrprtJAP=;B=;@AFI5:F=;AB@A:9J=N;

DR=7=FE;I=:9FE;H=:D6J=FE;H=J=FE;
@9F9BL=FE;J6D6BL=F;@9;79J:6F;5JA7A]6@=FE;9FJA7=F;@9;79J:6F;9FI=7LA@=FE;
979D9BJ=F;@9;<=BJ56>?=E;67C6:AFD=FE;9JIE;6G5@6DKB=F;6;@9FP9B@6:;
D5AJ6F;DABWIA6F;@=;I=BJ9W@=;@9;5D;J9MJ=N

X9;F6A@V;^7=F9;JL9;@==:_N;T79;D9;@AFF9V;^9IL9;6;<=:J6_;
X9;J=7@;D9;J=;I7=F9;JL9;@==:N;T79;D9;@AFF9;<6:6;H9IL6:;6;<=:J6

TFF9F;979D9BJ=F;F?=;I=BL9IA@=F;I=D=;E;;=5;
;859;=F;D6AF;P6:A6@=F;J9MJ=F;5JA7A]6D;<6:6;I=D5K
BAI6:N;?=;979D9BJ=F;859;J:6BFDAJ9D;ABH=:D6>9F;67SD;@6F;<676K
{nikefgdjshbjbrairudikfivbnfnbgdrbghikfbfaijvwjfbcanitnf
@976F;67C5D;F9BJA@=;I=D<79D9BJ6:;<6:6;=;J9MJ=;H=:B9I9;5D;C:6B@9;
65M7A=;;79AJ5:6;9;;ABJ9:<:9J6>?=;@6F;A@9A6F;J:6BFDAJA@6FN

X9;F6A@V;^x=BJ;I7=F9;JL9;@==:_N;T79;D9;@AFF9V;^[?=;H9IL9;6;
<=:J6_
X9;J=7@;D9;B=J;J=;I7=F9;JL9;@==:N;T79;D9;@AFF9;<6:6;B?=;H9IL6:;
6;<=:J6;
K456B@=;F9;:976J6;5D6;<9:C5BJ6E;I=7=I6KF9;6;H:6F9;B6;H=:D6;
ipnjiat{ifqibrudfikfub{tuikfanirkqdnjibk

)%""$)% &$ $%!)% &3$

L9;F6A@V; L9:9;AF;A77
L9;6F9@;L9:9;A77;6FNT76;<9:C5BJ=5;=B@9;A77;9FJ6P6

Q=@9D=F;:976J6:;=;859;67C5SD;@AFF9;@9;@56F;D6B9A:6FV
6;Q97=;@AFI5:F=;@A:9J=;@A:9IJ;F<99ILV;856B@=;:9<9JAD=F;=;
859;H=A;@AJ=;<=:;67C5SD;5F6B@=;6F;D9FD6F;<676P:6F;@9FJ6;<9FF=6N
TM9D<7=V

X9;F6A@V;^F;\ 6:;L9:9_
X9;6F9@;AH;\ 6:;6F;JL9:9NT79;<9:C5BJ=5;F9;\ 6:;9FJ6P6;7Y
KL=57@E;=57@E;\ 5FJE;\ ACLJ;9; =57@;B?=;67J9:6D;F56;H=:D6V

KX9;F6A@V;^;H997;977_N
KT79;@AFF9V;^T5;D9;FABJ=;R9D_N;

L9;F6A@V;^;I=57@;C=_N;
L9;F6A@;JL6J;FL9;I=57@;C=N;T76;@AFF9;859;976;<=@9:A6;A:

R;Q97=;@AFI5:F=;AB@A:9J=;AB@A:9IJ;F<99ILV;856B@=;I=BJ6D=F;
5F6B@=;B=FF6F;<:`<:A6F;<676P:6F;=;859;H=A;@AJ=;<=:;67C5SDN
TM9D<7=V

K6;S;5F6@=;I=D;=5;F9D;=RG9J=;AB@A:9J=;<:9I9@A@=;@9;N[=;
@AFI5:F=;AB@A:9J=E;J977;S;5F6@=;I=D;=RG9J=;AB@A:9J=;<:9I9@A@=;@9;N

KX9;F6A@;JL6J;L9;H97J;977N
KT79;@AFF9;859;F9;F9BJA6;R9DN;

A77;F6A@V;^;7=P9;OBB_N;A77;@AFF9V;^T5;6D=;OB6_
A77;F6A@;JL6J;L9;7=P9@;OBBN;A77;@AFF9;859;6D6P6;OB6
A77;F6A@;J=;OBBV;^;7=P9;=5_N;A77;@AFF9;<6:6;OB6V;^T5;J9;
6D=_

O=;:9<:=@5]A:;=;859;67C5SD;@AFF9;@9;H=:D6;AB@A:9J6;<:9IAF6D=F;
bqbalinfihmljikfjdutpgi>9F;B6;9FJ:5J5:6;@6;H:6F9N;}9G6;67C5D6F;
@6F;D5@6B>6F;D6AF;H:9859BJ9FV
)$"
AD<79;Q:9F9BJX9;F6A@V;L9;
=:F;AJL;D9N
Q:9F9BJ;=BJAB5=5F;L9;AF;
=:ABC;AJL;D9N
Q6FJ;=BJAB5=5F;L9;6F;
=:ABC;AJL;D9N
AD<79;5J5:9;L9;A77;=:;
AJL;D9

A77;J=7@;OBB;JL6J;L9;7=P9@;L9:N;A77;@AFF9;<6:6;OB6;859;6;
6D6P6;

%$"
AD<79;Q6FJX9;F6A@;JL6J;
FL9;=:9@;AJL;LADN
Q6FJ;=BJAB5=5FL9;6F;
=:ABC;AJL;LADN
Q6FJ;Q9:H9IJ;=BJAB5=5FL9;
L6@;R99B;=:ABC;AJL;LADN
AD<79;=B@AJA=B67;L9;
=57@;=:;AJL;LADN

KTD;H:6F9F;859;6<:9F9BJ6D;F5C9FJ9F;=;P9:R=;ABJ:=@5J`:A=;@=;
@AFI5:F=;AB@A:9J=;S;NT;6;H=:D6;;S;67J9:6@6;<6:6;
N;
X9;F6A@V;^9JF;J69;6;J6MA_N
X9;F5CC9FJ9@;JL6J;9;FL=57@;J69;6;J6MAN
" !& !('"$!)%%!'%"3$
Q6FF9D=F;6;H676:E;9BJ?=E;@9;F9BJ9B>6F;=B@AIA=B6AF;I=D;
6;<676P:6;;J:6@5>?=V;F9N;T79F;F?=;B=:D67D9BJ9;5F6@=F;<6:6;
H676:;F=R:9;<=FFP9AF;9P9BJ=F;9;F95F;9H9AJ=FN;TMAFJ9D;856J:=;JA<=F;
<:ABIA<6AFV
K9:=;=B@AJA=B67V;B?=;S;5D;I=B@AIA=B67;P9:@6@9A:=E;<=AF;
ijvdkfdkfb{bradkfubkgntadkf{jfifdgdnnbnfq brsnbkbrafabrkbf
<:9F9BJ;J9BF9NTM9D<7=FV

Z5J:6F;J:=I6F;@9;<676P:6F;9;9M<:9FF9F;859;@9P9D;F9:;H9AJ6F;@=;
@AFI5:F=;@A:9J=;<6:6;=;AB@A:9J=;F?=;6F;F9C5ABJ9FV
xA:9IJ;<99ILV;
;
B@A:9IJ;<99ILV
|=@6;
;
;
|L6J;@6;
9FJ9:@6; ;
;
|L9;@6;R9H=:9
6FJ;BACLJ; ;
;
|L9;BACLJ;R9H=:9
[=;;
;
;
|L9B
X9:9;;
;
;
|L9:9
|=D=::=; ;
;
|L9;B9MJ;@6
|LAF;;
;
;
|L6J
|L9F9;
;
;
|L=F9

H;;FJ6;5<;76J9E;;H997;6H57;JL9;B9MJ;@6Nbfblfpgdfigdnuiudf
6JS;J6:@9E;FABJ=KD9;D65;B=;=5J:=;@A6
L9B;JL9;D==B;<6FF9F;R9J99B;JL9;96:JL;6B@;JL9;F5BE;JL9:9;AF;
6B;9I7A<F9N456B@=;6;756;<6FF6;9BJ:9;6;J9::6;9;=;F=7E;LY;5D;9I7A<F9


KA:FJ;=B@AJA=B67V;5F6@=;<6:6;H676:;F=R:9;<:=PYP9AF;9P9BJ=F;
rdfqlalndfkbfihmljifgdtkif{tbnfifigdrabgbnfqsnbkbrafabrkbfqlalnbf
J9BF9;A77NTM9D<7=FV

lpcidfsdubfjluinfifghikkbfmnijiatgihfuifsihi{niefjikf
F9D;67J9:6:K7L9;=;F9BJA@=;ABAIA67E;<:ADAJAP=N;Z5;F9G6E;F9;6;<676P:6;
<:ADAJAP6;9:6;5D;6@PS:RA=E;6;B=P6;<=@9;<6FF6:;6;F9:;5D;F5RFJ6BJAP=;
ubsbrubrudfudfklpcdflathtiudefjikfijvikfgdratrlindfifqihinf
F=R:9;67C=;@=;D9FD=;J9D6E;@=;D9FD=;6FF5BJ=E;@=;D9FD=;F9BJA@=N

H;;<6FF;JL9;9M6DE;;A77;L6P9;6;RAC;<6:J9;95;<6FF6:;B=;
9M6D9E;95;H6:9A;5D6;C:6B@9;H9FJ6
H;=5;@=BJ;FJ=<;J67ABCE;;A77;F9B@;=5;J=;JL9;<:ABIA<67N9;
{dgfrdfsininfubfqihinefblf{dlfabfbr{tinfidfutnbadn

lpcdkfqdnjiudnbkfubf{bnvdk
K9B;0;H:9FL9BE;R76I9BE;FL=:J9BE;JL:96J9B
KAH;0;FAD<7AHE;F=7A@AH
KA]9;0;I9BJ:67A]9E;D=@9:BA]9

K9I=B@;=B@AJA=B67V;5F6@=;<6:6;H676:;F=R:9;FAJ56>9F;
tjsnd{o{btkfdlftjsdkk{btkfqsikafabrkbfdlhuefgdlhuefjtma
TM9D<7=FV

lpcdkfqdnjiudnbkfubfiu{wnvtdk
K7;KD9BJ9;0;I6:9H577E;@6A7E;96:7
K6:@;9D;@A:9>?=;6;0;@=B6:@E;L=D96:@E;AB6:@

H;;=B;JL9;7=JJ9:E;;=57@;CAP9;677;JL9;D=B9;J=;6B;=:<L6B6C9N
9;95;C6BL6FF9;B6;7=J9:A6E;95;@6:A6;J=@=;@ABL9A:=;6;5D;=:H6B6J=
Q9=<79;DACLJ;R9L6P9;@AHH9:9BJ7;AH;JL9;L6@;JL9;IL6BI9;J=;:9<96J;
JL9A:;7AP9FNOF;<9FF=6F;<=@9:A6D;F9;I=D<=:J6:;@AH9:9BJ9D9BJ9;F9;
976F;JAP9FF9D;6;IL6BI9;@9;:9<9JA:;F56F;PA@6F

lpcdkfqdnjiudnbkfubfklvkairat{dk
K6BI9E;K9BI9;0;J=79:6BI9E;<:9H9:9BI9
K9:E;K=:;0;J:6AB9:E;9D<7=9:E;J96IL9:E;6IJ=:E;C=P9:B=:
K99;0;J:6AB99E;9D<799
KAFJ;0;9I=B=DAFJE;FIA9BJAFJ
KA=B;0;9@5I6JA=BE;I=77AFA=B
KD9BJ;0;ABP9FJD9BJE;@9P97=<D9BJ
KAJ;0;FABI9:AJE;C9B9:=FAJ
KAFD;0;D=@9:BAFDE;5@@LAFDE;L:AFJA6BAFD
KB9FF;0;L6<<AB9FF;0;@6:B9FF
K@=D;0;H:99@=DE;ABC@=D
KL==@;0;ILA7@L==@E;R:=JL9:L==@
KFLA<;0;H:A9B@FLA<E;<6:JB9:FLA<

K|LA:@;=B@AJA=B67V;5F6@=;<6:6;9F<9I576:;F=R:9;=;<6FF6@=;
qsikafsbnqbgafdlhufi{befgdlhufi{befjtmafi{bsikaf
<6:JAIA<79N;TM9D<7=FV
H;9;L6@;F6P9@;D=:9;D=B9E;9;=57@;L6P9;C=B9;J=;6B6@6;
76FJ;96:N9;B`F;JAPSFF9D=F;9I=B=DA]6@=;D6AF;@ABL9A:=E;B`F;
J9:6D=F;A@=;6=;6B6@Y;6B=;<6FF6@=
H;=5;L6@;J=7@;D9;JL9;J:5JLE;;=57@BJ;L6P9;6F9@;JL9;J96IL9:N
bf{dgfat{bkkbfjbfutadfif{bnuiubefblfrdfabntifsbnmlraiudfidf
<:=H9FF=:
) %1'(#$) $'-'1'"$ -"$ """$
) $ %*'(#$ $"%*'(#3$

lpcdkfqdnjiudnbkfubfiuzbat{dk
K6R79E;AR79;0;@9FA:6R79E;6@DA:6R79E;I=BPABIAR79
K6BE;KA6B;0;:6]A7A6BE;6CAJJ6:A6BE;F5R5:R6B
KH57;0;<=9:H57E;L=<9H57
K;0;J6FJE;L967JL
KAI;0;<=9JAI;@9D=I:6JAI
KAI67E;67;0;F=IA=7=CAI67E;D6CAI67E;<6:9BJ67
K79FF;0;L=D979FFE;ILA7@79FFE;A:979FFE;J=<79FF

XY;I9:J6F;<676P:6F;859;6<6:9I9D;B=F;J9MJ=F;859;D9:9I9D;
ljfsdlgdfjitkfubfiabrdfudfhbtadnfsinifnbgdrbghikfulnirabf
6;79AJ5:6N;T76F;F?=;I=BL9IA@6F;I=D=;<676P:6F;@9:AP6@6FN;Z5;F9G6E;
976F;H=:6D;H=:D6@6F;6;<6:JA:;@9;=5J:6F;<676P:6F;859;GY;9MAFJA6D;
gdjvtriuikfgdjfipcdkffsnbpcdkfbfklpcdkfinifylbf{dgfijshtbf
kblf{dgivlhontdfwfrbgbkkontdfnbgdrbgbnfdkfipcdkfjitkfgdjljbrabf
lkiudkfrifhrmliftrmhbkifzlraijbrabfgdjfkblkfktmrtpgiudk

XY;J6DRSD;=F;6@G9JAP=F;J9:DAB6@=F;9D;K9@;9D;9D;KABCN;56F;
H=:D6F;F?=;<6:9IA@6F;D6F;=F;F9BJA@=F;@AH9:9BJ9FN;ZF;6@G9JAP=F;
abnjtriudkfbjfbufubkgnb{bjfgdjdf{dgfkbfkbrabefgdjdfbkaofqnbrabf
6;5D6;FAJ56>?=N;Q=:;=5J:=;76@=E;=F;J9:DAB6@=F;9D;KABC;@9FI:9P9D;
ihmljfkbneffihmljifgdtkifdlfsbkkdifylbfqifgdjfylbf{dgfkbfktraif
@685976;H=:D6N

lirudfignbkgbraijdkfklpcdkfdlfsnbpcdkfkfsihi{nikefrkf
gntijdkfrd{dkfktmrtpgiudkefsdubrudefdlfrdefihabninfifghikkbf
C:6D6JAI67;@6;<676P:6N;Q6FF9D=FE;9BJ?=E;6;H676:;@9;67C5BF;@=F;
ipcdkfjitkflkiudk
nbpcidfihabnifdfktmrtpgiudfuifsihi{nifsntjtat{iefjikfkbjf
D5@6:;6;I76FF9;C:6D6JAI67N;Z5;F9G6E;F9;6;<676P:6;<:ADAJAP6;9:6;5D;
6@G9JAP=E;9BJ?=;6;B=P6;<676P:6;J6DRSD;F9:Y;5D;6@G9JAP=E;9JIN

Z5;F9G6E;<=@9D=F;D9D=:A]6:;859;67C5D6;I=AF6;4567D9;H6];
pginf489N
TM9D<7=FV

6;F9D;0;6D=:67E;6<=7AJAI67E;6F9M567
6BJA;I=BJ:6;06BJAKI7=IAF9E;6BJAKB5I796:E;6BJAIL:AFJ
@AF;=<=FJ=;0@AF6C:99E;@AFL=B9FJE;@AF7=67
A7E;A:E;ADE;ABE;B?=;0A779C67E;A::9C576:E;AD<9:H9IJE;ABI=D<79J9
DAF;9::6@=;0DAF5B@9:FJ6B@E;DAF@A:9IJE;DAF6@@:9FF
rdrfrdf12rdrkbrkbefrdrpgatdrefrdrihgddhtg
5B;B?=;05BABJ977AC9BJE;5BI=DD=BE;5B<:=H9FFA=B67
=5JE;=P9:;9MI9FF=E;67SD;0=P9:9ACLJE;=P9:@=F9E;=P9:96JE;
=5JB5DR9:
snbfirabkf12snbjintaihefsnbpcefsnbtkadn3

D;
 ;R9I65F9;JL9;FAJ56JA=B;AF;
 NTFJ=5;
<:9=I5<6@=;<=:859;6;FAJ56>?=;S;<:9=I5<6BJ9
|L9;R=FF;AF;;R9I65F9;JL9;:9F=75JA=BF;9:9;  N
Z;IL9H9;9FJY;F6JAFH9AJ=;<=:859;6F;F=75>9F;H=:6D;F6JAFH6J`:A6FN
:9C;AF; ;AB;JL6J;  ;R==N:9C;9FJY;
ABJ9:9FF6@=;B685979;7AP:=ABJ9:9FF6BJ9
9;6:9;;R9I65F9;=H;JLAF; ;FJ=:NTFJ6D=F;
I=BH5F=F;<=:;I65F6;@9FJ6;LAFJ`:A6;I=BH5F6


"  !!&%'$"$"%!!# %'$ $'!&!# %'3
$%&'() * +'*
,-./01203-./0/204 56-7;Z;9FJ6@=;@9;F9:;
FAB8BAD=;S;IL6D6@=;@9;9N
:; * fkdfsihi{nikfgdjfktmrtpgiudkfdsdkadkfdlfylikbf
=<=FJ=FN;Z;9FJ6@=;@9;F9:;6BJ8BAD=;S;IL6D6@=;@9;9N
TFJ5@=F;9;<:YJAI6;D=FJ:6D;859;6<:9B@9:;<676P:6F;I=DRAB6@6F;
I=D;=5J:6F;D97L=:6;B=FF6;:9J9B>?=N;T;J6DRSD;859;S;<:9IAF=;D5AJ6E;
D5AJ6;:9<9JA>?=N;9:;9D;P=];67J6;J6DRSD;6G5@6N
O;F9C5ABJ9;7AFJ6;@9;6BJ8BAD=F;=<=FJ=F;9FJY;6<:9F9BJ6@6;<=:;
=:@9D;67H6RSJAI6E;I=D=;C:5<=FN;6@6;C:5<=;C9:67D9BJ9;P6A;@6F;
<676P:6F;D6AF;HYI9AF;F;D6AF;@AHI9AFN;=D;9FJ5@=;9;R=6;:9J9B>?=
ORF9BI9;
OII9<J;
OII5:6J9;
O@P6BJ6C9;
O7AP9;
O76F;
OBIA9BJ;
OBF9:;
O<<:=P67;
OR5B@6BJ;
O@DAJ;
O@P6BI9;
<natpgtihf
O::AP67;
OFI9B@;
OJJ6I;
OJJ:6IJAP9;
OJJ9BJA=B;
OF799<;
O77;;
OC:99;
6@;;
6I6:@;
9B@;
965JAH57;
9CABBABC;
97=;
9BJ;
AC;;
75BJ;
9JJ9:;
9FJ;;
76D9;
79FF;
AJJ9:;
=::=;
:6P9:;;
5A7@;
=7@;;
:ACLJ;
:=6@;
796:;

;
;
;
;
;
;
;
;
;
;
;
;
f
;
;
;
;
;
;
;
;
;
;
;
;
;
;
;
;
;
;
;
;
;
;
;
;
;
;
;
;
;

<:9F9BI9
:9H5F9
AB6II5:6J9
@AF6@P6BJ6C9
@96@
B9P9:
D=@9:B
859FJA=BE;859:
@AF6<<:=P67
FI6:I9
@9B
:9J:96JE;:9JA:9
rialnih
@9<6:J5:9
@9FI9B@
@9H9BF9
:9<57FAP9
AB6JJ9BJA=B
669
9B9D
@AF6C:99
C==@
H=:6:@E;=B6:@
FJ:6ACLJ9B
5C7
9B@ABC
6R=P9
FJ:6ACLJ
FD677E;7AJJ79
FL6:<
=:F9
=:FJ
<:6AF9
I5:F9
F99J
79B@
I=6:@AI9
@9FJ:=E;@9D=7AFL
JADA@E;D99
@577
B6::=
P6C59E;I7=5@

6:9H57;
67D;
6<6R79;
6<JAPAJ;
L96<;
7=F9;
79P9:;;
=7@;;
=DRAB9;
7=IAF9;
=::9IJ;
=BI967;
=D9;
=DD=B;
=DH=:J;
=5:6C9;
:597;
5BBABC;
x6ABJ;
x6BC9:;
x6:;
x99<;
x9I:96F9;
=bprtabf
x9D6B@;
x9F<6A:;
xAF6<<96:;
xAF96F9;
xAFI=5:6C9;
xAFD67;
x=IJ=:;
x:;;
x577;;
x5F;
T6:7;
>ik3ff
>vvff
T6FJ;;
TI=B=DAF9;
TBI=5:6C9;
TBJ:6BI9;
TD<7=9:;
TD<J;
TMIAJ9@;
TB@;;
TM<6B@;
TM<9BFAP9;
TM<=:J;
TMJ9:A=:;
TMJ9:B67;
6A7;;
67F9;
==7AFL;
6FJ;;
9;;
6D=5F;
=:979CF;
6J;;
AB@;;

;
;
;
;
;
;
;
;
;
;
;
;
;
;
;
;
;
;
;
;
;
;
;
f
;
;
;
;
;
;
;
;
;
;
;
f
f
;
;
;
;
;
;
;
;
;
;
;
;
;
;
;
;
;
;
;
;
;
;

:5FLE;I6:979FF
J:=5R79@
ABI6<6R79
H:99@=DE;7AR9:J
@96:E;9M<9BFAP9
@AFJ6BJ
FJ5<A@
L=J
F9<6:6J9
6BJAKI7=IAF9
ABI=::9IJ
:9P967
C=
:6:9
@AFI=DH=:J
I=6:@AI9
AB@
FAD<79
I75DF
F6H9J
7ACLJ
FL677=
ABI:96F9
trubprtab
F5<<7
L=<9
6<<96:
L967JL
9BI=5:6C9
IL99:H57
<6JA9BJ
9J
I796:E;R:ACLJ
@6B
76J9
utqpglha
?d
9FJ
6FJ9
@AFI=5:6C9
9MAJ
9D<7=99
H577
I67D
R9CABBABC
I=BJ:6IJ
AB9M<9BFAP9E;IL96<
AD<=:J
ABJ9:A=:
ABJ9:B67
F5II99@
J:59
AF9
F7=
D6B
5BB=B
LAB@;79CF
JLAB
7=F9


A:FJ;;
:99@=D;
=7@;;
:9859BJ;
=:C9J;
=5B@;
:9FL;
:A9B@;
=:J5B6J9;
:6B;
577;;
9B9:=5F;;
9BJ79;
6JL9:;
76@;;
7==D;
A6BJ;
:6BJ9@;
:96J;
56:@A6B;
59FJ;
5A7J;
X6<<;
X6:@;
X6:DH57;
X6FJ9B;
X6J9;;
X967JL;
X9:9;;
X96P;
X9ACLJ;
X9:=;
XA77;;
X=:A]=BJ67;
XAB@9:;
X=B9FJ;
X5DR79;
X5BC9:;
DAJ6JA=B;
DD9BF9;
D<:AF=B;
BI75@9;
BI:96F9;
BL6RAJ9@;
BH9:A=:;
BFA@9;
BJ977AC9BJ;
BL679;
BJ9:A=:;
BJ9:9FJABC;
BJ9:B67;
BJ9BJA=B67;
A=AB;;
A5BA=:;
A5FJAI9;
BABC;
BB=79@C9;
65CL;
6H57;

;
;
;
;
;
;
;
;
;
;
;
;
;
;
;
;
;
;
;
;
;
;
;
;
;
;
;
;
;
;
;
;
;
;
;
;
;
;
;
;
;
;
;
;
;
;
;
;
;
;
;
;
;
;
;
;
;
;
;

6];
;
6B@;
;
6B@7=:@; ;
6:C9;
;
ikaff
f
69:;
;
9IJ5:9:; ;
9B@9:;
;
9BCJL9B; ;
9HJ;;
;
9FF;;
;
ACLJ;
;
A9;;
;
A97;
;
96@9:;
;
AJJ79;
;
=HJ;
;
=BC;
;
=5@;
;
dkkf
f
=;;
;
=67;
;
\ 6@;;
;
\ 6FJ9:;
;
\ 6J5:9;
;
\ 6MAD5D; ;
\ 9;;
;
\ 9::;
;
\ AB=:AJ; ;
\ AF9:;
;
\ AF5B@9:FJ6B@;
[6::=;
;
[96:;
;
[96J;
;
[9;;
;
[ACLJ;
;
[=AF;
;
[=:JL;
;
ZR9@A9BJ; ;
Z@@;;
;
ZHH9:;
;
Z<9B;
;
Z<JADAFJ; ;
Z5J;;
;
Q6:9BJ;
;
Q6FJ;;
;
Q6JA9BJ;
;
Q96I9;
;
Q9:D6B9BJ; ;
Q796F9;
;
Q79BJAH57; ;
Q=FFAR79; ;
Q=P9:J;
;
Q=9:H57; ;
Q=7AJ9;
;
Q:AP6J9;
;
Q:5@9BJ;
;
Q:9JJ;
;

76FJ
I6<JAPAJ
5BH=7@
F97@=D
:9D9DR9:
7=FJ
FJ679
9B9D
5BH=:J5B6J9
F9I:9JAP9
9D<J
D96B
:=5CL
@AFJ:AR5J9
F=::
IL99:H57
@6:HE;<CD
:9H5F9@
FD677E;7AJJ79
6:@
L=FJ
ABB=I9BJ
F6@E;DAF9:6R79
F=HJ
L6:D79FF
@6@79
7=P9
5BL967JLE;A77E;@AF96F9@
JL9:9
7ACLJ
@9<JL
I=6:@
P6779
P9:JAI67
6A@E;L97<
@AFL=B9FJ
<:=5@
JLA:FJ
C9B5AB9
JABE;DAB5J9
H:99
9MI75@9
@9I:96F9
5BABL6RAJ9@
F5<9:A=:
=5JFA@9
5BABJ977AC9BJE;FJ5<A@
9ML679
9MJ9:A=:E;=5JFA@9
5BABJ9:9FJABCE;@577
9MJ9:B67
6IIA@9BJ67
F9<6:6J9
F9BA=:
ABG5FJAI9
8599B
ACB=:6BI9
I:
5B76H57
@

AB@5FJ:A=5FE;9B9:C9JAI
F96
J9B6BJ
7AJJ79E;FD677
pnka
I7A9BJ
FJ5@9BJ
R=::=9:
FL=:J9B
:ACLJ
D=:9
@6:E;L96P
@AF7A9E;5B7A9
5B7A97
H=77=9:
76:C9E;D5ILE;RAC
7=7
FL=:J
F=HJ
prueftr
LACL
@AF7=67
F6B9
F9:P6BJ
ADD6J5:9
DABAD5D
=5
DA:JL79FFE;F6@
D6G=:AJ
F<9B@JL:AHJ
5B@9:FJ6B@
A@9
H6:E;@AFJ6BJ
5BJA@
=7@
@6
85A9J
=5JL
@AF=R9@A9BJ
9P9B
:9H5F9
FL5J
<9FFADAFJ
AB
ILA7@
<:9F9BJ
AD<6JA9BJ
6:
J9D<=:6:
@AF<796F9
FI6:I9
AD<=FFAR79
967JL
H99R79E;96
AD<=7AJ9E;:5@9
<5R7AI
AD<:5@9BJ
5BFACLJ7E;5C7


Q5:9;;
;
lihtpbuf f
D6<A@;
;
D9C576:7; ;
DAIL;;
;
DACLJ;
;
DACA@;
;
D=5CL;
;
6JAFH6IJ=:; ;
9I5:AJ; ;
I6JJ9:;
;
9:A=5F;
;
9I=B@KL6B@;;
9BF9;
;
L=<99<9:; ;
ABC576:; ;
AD<79;
;
7AD;;
;
=7A@;
;
=R9:;
;
<969:; ;
=5:;
;
=::=;
;
J6B@;
;
J:6ACLJ;
;
J:=BC;
;
5II9FF;
;
5BB;
;
|69;;
;
|677;;
;
|6D9;
;
|96IL9:;
;
|LAI;
;
|ACLJ;
;
|=<;;
;
|:6BF<6:9BJ; ;
|:5JL;
;
E<;;
;
}6I6BJ;
;
}6756R79; ;
}AIJ=:;
;
}A:J59;
;
}AFAR79;
;
}=75BJ6:; ;
}=97;
;
AJL;;
;

M+'NOONPNQ

AD<5:9
lrylihtpbu
F7=
A::9C576:7
<==:
:=BCE;79HJ
<7A6R79E;F=HJ
FD==JL
5BF6JAFH6IJ=:
ABF9I5:AJ
I=779IJ
J:APA67
B9
B=BF9BF9
I5FJ=D9:
<75:67
I=D<7AI6J9@
JLAIE;FJ=5J
7A85A@
@:5B
7AFJ9B9:
F99J
G=
7A9
I:==9@
96
H6A75:9
I7=5@
CAP9
FL=:J
A7@
<5<A7
JLAB
F76IE;7==F9
R=JJ=D
=<6859
5BJ:5JLE;7A9
@=B
=II5<A9@
P675979FF
@9H96J
PAI9
ABPAFAR79
I=D<57F=:
I=BF=B6BJ
AJL=5J

56;H676;F9;J=:B6:Y;D6AF;B6J5:67;9;F9:Y;D6AF;H6IA7D9BJ9;
brabrutuifRdgfabnofihabnriat{ikfbfqdnjikfjitkfntgikfubfkbfbcsnbkkinf
~;D6AF;HYIA7;<6:6;B=FF=;IS:9R:=;79DR:6:;9;5F6:;6;7BC56;9D;R7=I=F;
=5;C:5<=F;@9;<676P:6F;@=;859;J9BJ6:;79DR:YK76F;AB@APA@567D9BJ9N
=D=;6<:9B@9:;
=BFIA9BJA]9KF9;6I9:I6;@6F;efbfabrabfnbgdrbg
76F;856B@=;6F;PA:;=5;=5PA:;H676:N;|:6J9;;I=D=;
S(flrtpgiudkfubfsihi{nikflirudfisnbrubnfljifrd{ifsihi{nief
6B=J9;=5J:6F;<676P:6F;859;F?=;5F6@6F;I=D;976;TUE;
TUE;TUE;TUN;9A6;
=;J6BJ=;856BJ=;<=FFP97N;9:;S;5D6;D6B9A:6;9MI979BJ9;@9;6<:9B@9:;
P=I6R57Y:A=;9;6F;;9D;I=BJ9MJ=;9;B6J5:67D9BJ9N;D9PAF9;
=;859;6<:9B@95;:9C576:D9BJ9N;Q:6JA859;5F6B@=;B=P6F;;
9D;I=BJ9MJ=;=;856BJ=;6BJ9F;<5@9:;@9<=AF;859;6F;6<:9B@9:N;O<:9B@6;
;9D;C:5<=F;@9;<676P:6F;859;H6]9D;F9BJA@=;<6:6;
{dgfRdgfsdubfbkaluohikfsdnfastgdkfabjsdefrljbnitkefghtjief
@ABL9A:=E;H6D7A6;=5;<=:;<676P:6F;9D;<6:JAI576:;VE;V
E;VWfRdgfsdubfbrgdraninftrqdnjibkfkdvnbf
fbjfylihylbnfvdjfutgtdrontdfsinifbkaluirabkf>f{dgf
sdubfiawfjbkjdfbrgdraninfutgtdrontdkfbksbgpgdkfubfgN
|A<=F;@9;
TMAFJ9D;PY:A=F;JA<=F;@9;;H=:D6@=F;<=:;I=DRAB6K
>9F;@9;P9:R=FE;F5RFJ6BJAP=FE;6@G9JAP=FE;9JIN;O7C5BF;@=F;D6AF;I=K
D5BF;F?=V
)XS Y )Zfgdjshbabh3fkiatkpbuf
[Z|;@=B:ACLJ;kiatkpbu
Y )5S )Z;9MI:5IA6JABC;<6AB;[Z|;
9MI:5IA6JABC;G=
5S )5S )Z;6;F5:C9;=H;6BC9:;[Z|;6;:5FL;=H;
6BC9:
5S )[SZ;7A=BF;:=6:;[Z|;7A=BF;FL=5J
[S5S )Z;I=DDAJ;F5AIA@9;
[Z|;5B@9:J69;F5AIA@9
[S\]'&* M' ^&Z;R5:FJ;ABJ=;J96:F;
[Z|;R7=;5<;AB;J96:F
[S)XS Z;6P9;H:6BJAI677;[Z|;6P9;H9P9:AFL7
TFJ5@9;9FJ6;7AFJ6;@9;;I=D;67C5BF;@=F;P9:R=F;D6AF;
I=D5BFN

}6D=F;9FJ5@6:;F=R:9;;6C=:6N
ED6;;S;856B@=;@56F;=5;D6AF;<676P:6F;F?=;H:9859BK
J9D9BJ9;5F6@6F;I=BG5BJ6D9BJ9N;TFF6F;I=DRAB6>9F;F=D9BJ9;<6:9K
I9D;^I=::9J6F_;6=F;H676BJ9F;B6JAP=F;@9;7BC56;ABC79F6E;<=AF;5F6DK
KB6F;=;J9D<=;J=@=N;Q=:;=5J:=;76@=E;=5J:6F;I=DRAB6>9F;<=@9D;F=6:;
B?=;J?=;B6J5:6AF;9;<6:9I9D;^9::6@6F_N;ZRF9:P9;9FJ9F;9M9D<7=FV
[6J5:67V; ;
F060G0H-0
I
F0012.J06/KH0
I+ L* (

;
0

L6P9;6;R6JL
L6P9;6;@:AB
L6P9;6;C==@;JAD9
L6P9;6;L6A:I5J
L6P9;6;L=7A@6
L6P9;6;<:=R79D
L6P9;6;:976JA=BFLA<
L6P9;6;:9FJ
L6P9;75BIL
L6P9;FD<6JL

[?=KB6J5:67V
F0JL9;85AI;J:6AB
I85AI;H==@
F06;H6FJ;FL=9:
I6;H6FJ;D967
C


@=;R5FAB9FF
@=;B=JLABC
@=;F=D9=B9;6;H6P=:
@=;JL9;I==ABC
@=;JL9;L=5F9=:
@=;JL9;FL=<<ABC
@=;JL9;6FLABC;5<
@=;=5:;R9FJ
@=;=5:;L6A:
@=;=5:;L=D9=:

<6;ABJ9:9FJ
<6;F=D9=B9;6;I=D<7AD9BJ
<6;F=D9=B9;6;PAFAJ
<6;JL9;RA77
<6;JL9;<:AI9
<6;=5:;:9F<9IJF
F6P9;979IJ:AIAJ
F6P9;9B9:C
F6P9;D=B9
F6P9;=B9F;FJ:9BCJL
F6P9;F=D9=B9;6;F96J
F6P9;F=D9=B9F;7AH9
F6P9;F=D9JLABC;J=;6;@AF
F6P9;F<6I9
F6P9;JAD9
F6P9;=5:F97H;JL9;J:=5R79

D69;6;@AHH9:9BI9
D69;6;D9FF
D69;6;DAFJ69
D69;6;B=AF9
D69;6B;9HH=:J
D69;H5:BAJ5:9
D69;D=B9
D69;<:=C:9FF
D69;:==D
D69;J:=5R79

99<;6;@A6:
99<;6;<:=DAF9
99<;6;F9I:9J
99<;6B;6<<=ABJD9BJ
99<;I67D
99<;I=BJ:=7
99<;AB;J=5IL
99<;85A9J
99<;F=D9=B9F;<76I9
99<;JL9;IL6BC9

J69;6;R:96
J69;6;IL6BI9
J69;6;7==
J69;6;:9FJ
J69;6;F96J
J69;6;J6MA
J69;6B;9M6D
J69;B=J9F
J69;F=D9=B9F;<76I9
J69;F=D9=B9F;J9D<9:6J5:9

I=D9;I7=F9
I=D9;I=D<79J9;AJL
I=D9;@A:9IJ
I=D9;96:7
gdjbfpnka
I=D9;ABJ=;PA9
I=D9;76FJ
I=D9;76J9
I=D9;=B;JAD9
I=D9;<:9<6:9@
I=D9;:ACLJ;R6I
I=D9;F9I=B@
I=D9;J=;6;I=D<:=DAF9
I=D9;J=;6;@9IAFA=B
I=D9;J=;6B;6C:99D9BJ
I=D9;J=;6B;9B@
I=D9;J=;6;FJ6B@FJA77
I=D9;J=;J9:DF;AJL
I=D9;J=;6;J=J67;=H
I=D9;5B@9:;6JJ6I

R:96;6;L6RAJ
R:96;6;79C
R:96;6;<:=DAF9
R:96;6;:9I=:@
R:96;6;AB@=
R:96;F=D9=B9F;L96:J
R:96;JL9;AI9
R:96;JL9;76
R:96;JL9;B9F;J=;F=D9=B9
R:96;JL9;:579F
I6JIL;6;R677
I6JIL;6;R5F
I6JIL;6;ILA77
I6JIL;6;I=7@
I6JIL;6;JLA9H
giagfpnb
I6JIL;FACLJ;=H
I6JIL;F=D9=B9F;6JJ9BJA=B
I6JIL;F=D9=B9F;99
giagfabf?l

C=;6R:=6@
C=;6FJ:6
C=;R6@
C=;R67@
C=;R6B:5<J
C=;R7AB@
C=;I:6]
C=;@6:
C=;@96H

si3fifprb
<6;6JJ9BJA=B
<6;R;I:9@AJ;I6:@
<6;I6FL
_


mdfpktrm
C=;D6@
C=;DAFFABC
C=;=B;H==J
C=;=B7AB9
C=;=5J;=H;R5FAB9FF
C=;=P9:F96F
C=;85A9J
C=;F6A7ABC
C=;J=;6:
C=;977=

Z5J:6FE;B?=;<=@9D;F9:;J:6@5]A@6F;6=;<S;@6;79J:6N;Q=:;9M9D<7=E;
B?=;LY;<:=R79D6F;9D;F9;J:6@5]A:;TVgU<=:;
^=P97L6;B9C:6;@6;H6D7A6_N;AY;Tefylbfktmrtpgifljifhsbkkdif
I6:=76;=5;9MI9FFAP6D9BJ9;:97ACA=F6_E;B?=;H6];F9BJA@=E;F9;J:6@5]A@6;
htabnihjbrabfbjfsdnalmlkfhrintfilhij
O;D6A=:A6;@9FF6F;9M<:9FF9F;F?=;AB@AF<9BFYP9AF;<6:6;859D;
ubkbzifbcsnbkkinkbfubfqdnjifiubyliuifbjftrmhkflirudfdsdnalK
B6D9BJ9;9;6@9856@6D9BJ9;5F6@6FE;I=BH9:9D;6=;5F5Y:A=;<:9IAF?=E;
B6J5:67A@6@9;9;5D6;AD6C9D;@9;859D;:967D9BJ9;@=DAB6;=;A@A=D6;9;
@9;859D;I=D<:99B@9;@685976;9FH9:6;I57J5:67N;OFFAD;I=D=;P9:R=F;
<:9<=FAIA=B6@=FE;9FJ6F;9M<:9FF9F;@9P9D;F9:;9BI6:6@6F;<=:;ABJ9A:=E;
I6@6;5D6;I=D=;5D;979D9BJ=;AB@APAFP97E;I=D=;5D;B=P=;P=IYR57=;
6;F9:;6FFADA76@=N

C9J;6;G=R
C9J;6;FL=I
C9J;6BC:
C9J;@AP=:I9@
C9J;@:5B
C9J;H:ACLJ9B9@
C9J;L=D9
C9J;7=FJ
C9J;D6::A9@
C9J;B=L9:9
C9J;<9:DAFFA=B
C9J;<:9CB6B
C9J;:96@
C9J;FJ6:J9@
C9J;JL9;AD<:9FFA=B
C9J;JL9;D9FF6C9
C9J;JL9;F6I
C9J;5<F9J
C9J;9J
C9J;=::A9@

!k % !&$) $1'.-l%$

!)' !&'-$ $) $'" &"$
,' '&%'%"$  $!#1 -$!%!'-/$
$" m'/$ $' ""n%$'$
  !"#$)$& *&3
'&%,"3$
>fmbnihefbjsnbmikbfdfinatmdfubprtudf;6BJ9F;@9;F5RFJ6BJAP=F;
gdjfifprihtuiubfubfbksbgtpgohdk
TM9D<7=V;o6;R=;AF;76J9N
pF;P9]9FE;<=@9;=I=::9:;6;<:9F9B>6;@9;5D;=5;D6AF;6@G9JAP=F;
9BJ:9;=;6:JAC=;;9;=;F5RFJ6BJAP=N

OC=:6E;6;:9F<9AJ=;@9;=BG5BJ=F;9MAI6AFE;<9BF9V
ajifsihi{niftkdhiuifsdubfabnf{ontdkfktmrtpgiudkfsdhtkkbjtief
<=:;9M9D<7=E;bE;<=@9;F9:;5D;:9F9:P6J`:A=;@9;YC56E;I6::=;
R7AB@6@=E;9JIN

TM9D<7=V;o6R=;AF;76J9N;qo6R=;AF;76J9N
rifhrmliftrmhbkiefdkfinatmdkftrubprtudkfkdf;9;N;ODR=F;
F?=;J:6@5]A@=F;I=D=V;;=5;fsfinatmdftrubprtudfrdftrmhkf
B?=;J9D;<75:67N;`;<=@9D=F;5F6:;t;6BJ9F;@9;F5RFJ6BJAP=F;859;
9FJ9G6D;B=;FABC576:N;EJA7A]6D=F;;6BJ9F;@9;<676P:6F;ABAIA6@6F;I=D;
F=D;@9;I=BF=6BJ9;9;6BJ9F;@9;<676P:6F;859;ABAIA6D;I=D;F=D;@9;
P=C67N;TM9D<7=FV

OF;<676P:6F;AF=76@6F;I=D<:99B@9D;'()(
Sffrdjbefiuzbat{def{bnvdefiu{wnvtdfefjikfaijvwjfsdubjf
ABI75A:;./-c2-/05d.0G.6/N;Q=:;9M9D<7=E;U
VeUeeN
TM<:9FF9F;A@A=DYJAI6F;=5;5V

O;=N
O;9FN
OB;79<L6BJN
OB;BP97=<9N

OF;9M<:9FF9F;A@A=DYJAI6F;=5;efkdfpmlnikfubfhtrmlimbjf
rikfylitkfljfabnjdfdlfifqnikbftrabtnifikkljbfljfktmrtpgiudf
@AH9:9BJ9;@685979;859;6F;<676P:6F;J9:A6D;AF=76@6D9BJ9N;ED;9::=;
I=D5D;@9;859D;9FJY;J9BJ6B@=;F9;I=D5BAI6:;9D;=5J:6;7BC56;S;
6;J:6@5>?=;6=;<S;@6;79J:6;@9;67C5D6F;9M<:9FF9F;@=;@A6K@A6N;Q=:;
9M9D<7=E;5D;FAD<79F;^R=D;@A6_;F;P9]9F;<=@9;:9F57J6:;B5D;
9F85AFAJ=;UN;TFF9;JA<=;@9;9::=;S;D5AJ=;I=D5D;9;@9D=BFJ:6;
ifqihaifubfgdrbgtjbradfklpgtbrabfudfqihirabfgdjfnbhidffrd{if
hrmlif<kktjefrdfvikaifkivbnfdfktmrtpgiudftrut{tulihtiudfuikf
<676P:6F;859;H=:D6D;6;H:6F9E;S;<:9IAF=;=7L6:;<6:6;=;C:5<=;@9;
<676P:6F;859;I=BFJAJ5A;6;9M<:9FF?=;I=D=;5D;J=@=;<6:6;9BJ9B@9:;
dfkblfktmrtpgiudf>hikfanibjfgdrdaibkfutqbnbrabkefylbefrif
D6A=:A6;@6F;P9]9FE;9FJ?=;:976IA=B6@6F;F;F56F;=:AC9BFN;O7C5D6F;
kdfsniatgijbrabfturatgikfylbhikfylbflkijdkfiyltfrdffnikthf

! '%"$)%!'%"$ ')%!'%"3$
ED;B5D9:67;I6:@AB67;S;685979;859;@A];856BJ=;@9;67C5D6;I=AF6;
9MAFJ9N;T79;:9F<=B@9;;<9:C5BJ6F;I=D;^X=;\ 6B_456BJ=FN
u=B9;
vJ=;
wJL:99;
zqdlnf
|p{bf
~ktcf
`

uu;979P9B;
uv;J97P9;
uw;JLA:J99B;
{zfqdlnabbrf
{|fpqabbrf
{~fktcabbrf

vu;J9BJK=B9
wx;JLA:J
yx;H=:J
|}fpqa3
~}fktca3
}fkb{bra3


kb{brf
9ACLJ;
;BAB9;
ux;J9B;

{fkb{brabbrf
u;9ACLJ99B;
u;BAB9J99B;
vx;J9BJ;

[6;@WPA@6E;67C5D6F;@6F;F9C5ABJ9F;F5C9FJ9F;<=@9D;6G5@6:E;
D6F;79DR:9KF9V;=;5F=;@6F;<:9<=FA>9F;B9D;F9D<:9;F9C59;6;:9C:6;
mbnihfdrpnifkbjsnbfrljfutgtdrontdfikfsdkktvthtuiubkfubflkd

x;9ACLJ
x;BAB9J
uxx;=B9;L5B@:9@
uxu;=B9;L5B@:9@;6B@;=B9

EF9; ;<6:6;AB@AI6:;^@9BJ:=;@9;67C5D6;I=AF6_V

ED;B5D9:67;=:@AB67;S;685979;859;@A];6;<=FA>?=;@9;67C=;B5D6;
7AFJ6E;6;=:@9D;9D;859;6F;I=AF6F;9FJ?=N

B;JL9;R=M
B;JL9;:9H:AC9:6J=:
B;6;FL=<
B;6;C6:@9B
B;:6BI9

>cbjshdkfpn;uFJE;F9I=;vB@E;JLA;w:@E;H=5:6;yJLefpq6;
JLE;FAM6f~JLE;F9P9B6fJLE;9JIN
=D=;F9;<=@9;=RF9:P6:E;6;9FI:AJ6;6R:9PA6@6;@=F;B5D9:6AF;=:K
@AB6AF;S;9H9J56@6;@9;6I=:@=;I=D;6F;@56F;W7JAD6F;79J:6F;@6;<676P:6;
9FI:AJ6;<=:;9MJ9BF=N

EF9;;<6:6;AB@AI6:;I=BJ6J=V
ZB;6;R==FL97H
ZB;6;<76J9
ZB;JL9;C:6FF

Q6:6;H6IA7AJ6:;F56;D9D=:A]6>?=E;C:6P9;859;J=@=F;=F;=:@AB6AF;
F9D<:9;J9:DAB6:?=;I=D;KE;9MI9J=;685979F;J9:DAB6@=F;9D;uE;v;9;wN;
|=D9;<=:;R6F9;=F;9M9D<7=F;6;F9C5A:V

EF9;fsiniftrutginfljfhlminfubprtudfrbkkbfgikdefkblfkbratudf
S;=;@9;^G5BJ=;6_E;^B6_V

xSIAD=KB=B=V;BAB9J99B6;uJL
}ACSFAD=V;J9BJA96;vxJL
Rtmwktjdsntjbtndfabra3pn;vuFJ
}ACSFAD=KF9C5B@=V;J9BJKF9I=;vvB@
}ACSFAD=KJ9:I9A:=V;J9BJKJLA;vw:@
}ACSFAD=K856:J=V;J9BJKH=5:6;vyJL
Rtmwktjdyltradfabra3pq6;vJL

OJ;JL9;R5F;FJ=<
OJ;JL9;J=<
OJ;JL9;R=JJ=D
slanikfsnbsdktbkefkblkfktmrtpgiudkfbfbcbjshdkfgdjfqnikbk

 "% "3$

OR=5JV;F=R:9E;6;:9F<9AJ=;@9V;|977;D9;6R=5J;=5:;9M<9:A9BI9FN
OR=P9V;6IAD6;@9V;A=LBF;6<6:JD9BJ;AF;6R=P9;DAB9N
OI:=FFV;6J:6PSF;@9E;@=;=5J:=;76@=V;|L9;@=C;:6B;6I:=FF;JL9;
H=:9FJN
OHJ9:V;@9<=AF;@9V;L9;676F;69F;5<;6HJ9:;VxxN
OC6ABFJV;I=BJ:6V;|L9;I6:;I:6FL9@;6C6ABFJ;JL9;677N
OD=BCV;9BJ:9;PY:A=F;J9BFV;|L9;7AJJ79;R=;6F;6D=BC;D6B;
I:ADAB67FN
O:=5B@V;9D;P=7J6;@9V;|L9;J:6P979@;677;6:=5B@;JL9;I=5BJ:N
fbqdnbfirabkfubfbfihi3kfinnt{bkfvbqdnbffdghdg
9LAB@V;6J:YF;@9V;|AD;FAJF;R9LAB@;Q9J9:N
97=V;6R6AM=;@9V;OBF9:;JL9;859FJA=BF;R97=N
fbktubrbcafadfidfhiudfubfbfjtgndsdrbftkfvbktubrbcafadf
JL9;D=BAJ=:N
9FA@9FV;67SD;@9V;9FA@9F;TBC7AFLE;FL9;I6B;67F=;F<96;<6BAFLN
9J99BV;9BJ:9;@=AF;J9BFV;X9;6F;FAJJABC;R9J99B;J=;
R96J5H57;CA:7FN
9=B@V;67SD;@9E;6<`FE;6J:YF;@9V;|L9;769;AF;R9=B@;JL9;
D=5BJ6ABFN
5JV;9MI9J=V;TP9:R=@;9BJ;J=;JL9;<6:JE;R5J;L:AFN
f3fsdnefzlradefidfhiudfubfbakfkhbbsfv3fabfpnbshigb
x=BV;6R6AM=E;<6:6;R6AM=V;|L9A:;L=5F9;AF;@=B;JL9;LA77N
E<V;6IAD6E;<6:6;IAD6V;|L9A:;L=5F9;AF;L67H6;5<;JL9;LA77N
x5:ABCV;@5:6BJ9V;X9;6F;AB;JL9;6:D;@5:ABC;JL9;6:N
=:V;6;H6P=:;@9V; L=F;B=J;H=:;5F;AF;6C6ABFJ;5FN
=:V;<=:E;<6:6E;LY;J9D<=V;x=;AJ;H=:;D9;AFL;AF;C==@;H=:;
L967JLN|L9P9;7AP9@;L9:9;H=:;D6B;96:FN
:=DV;@9;=:AC9DV; L9:9;AF;L9;H:=D
B;H:=BJ;=HV;B6;H:9BJ9;@9V;Q9J9:;FAJF;AB;H:=BJ;=H;JL9;J96IL9:;AB;
JL9;I76FF:==DN
rktubdlaktubfubrandfubqdnifubfbafabfudmfkhbbsftrktub
=5JFA@9;JL9;L=5F9N

Q:9<=FA>9F;F?=;<676P:6F;859;5F6D=F;G5BJ=;6=F;B=D9F;9;
<:=B=D9F;<6:6;D=FJ:6:;F56;:976>?=;I=D;=5J:=F;979D9BJ=F;@6;H:6F9N;
O<:9F9BJ6D=F;6F;<:ABIA<6AF;<:9<=FA>9F;9;F95;5F=V
0V;5F6D=F;I=D;B=D9F;@9;D9F9FE;6B=FE;9FJ6>9FE;<6:J9F;@=;
@A6E;IA@6@9FE;9FJ6@=FE;<6F9FE;I=BJAB9BJ9FN
;6F;=:B;AB;A6B56:N
X9;7AP9@;L9:9;AB;vxuvN
|L9;I76FF9F;FJ6:J;AB;JL9;F5DD9:N
bfdnkftrfabfjdnrtrmtrfabfiqabnrddreftrfabfb{brtrm
;L6P9;6;L=5F9;AB;97=;X=:A]=BJ9N
L9;7AP9F;AB;Q6:6BY;R5J;=:F;AB;O:C9BJAB6N
J9P9B;L6F;=:9@;AB;T5:=<9;FABI9;vxuuN
flkiudfsinifutikfuifkbjiriefuiaikfjkutiefuiaikf
I=D9D=:6JAP6FE;:56FE;<:6>6F;9;6P9BA@6FN
;C=;J=;JL9;IL5:IL;=B;6J5:@6F;6B@;=B;5B@6FN
|L9A:;R6R;6F;R=:B;=B;O<:A7;ux|X N
;676F;L6P9;H5B;=B;[9;96:F;x6N
|L9;F5<9:D6:9J;AF;=B;:6]A7;FJ:99JN
|L9;FL=<<ABC;D677;AF;=B;Q=:J5C67;F856:9N
V;5F6@=;I=D;L=:6FE;I=D;<676P:6;E;I=D;9B@9:9>=F;
nlirjbndefhlminbkfrljifgtuiub
fmdaflsfiaf}}
bfkadnbftkfiafz|~ftrgdhrfkanbba
X9;6::AP9@;76J9;6J;BACLJN
\ ;H6JL9:;AF;6J;JL9;6A:<=:J;B=N


BFJ96@;=HV;9D;P9];@9V;=5;FL=57@;FJ5@;D=:9;ABFJ96@;=H;
<76ABC;PA@9=KC6D9FN
BJ=V;<6:6;@9BJ:=E;9DV;|L9;<76B9;@AF6<<96:9@;ABJ=;JL9;I7=5@N
rbinfsbnadfubfbfsdkafdqpgbftkfrbinfbnb
ZHHV;<6:6;H=:6;@9;5D6;F5<9:HIA9V;\ 6:;H977;=HH;LAF;D=J=:II79N
Z5J;=HV;<6:6;H=:6;@9V;Q5J;JL9F9;R==F;=5J;=H;JL9;R=MN
ZP9:V;F=R:9E;6IAD6;@9E;<=:;IAD6;@9E;D6AF;859V;|L9:9;9:9;=P9:;
uNxxx;<9=<79;AB;JL9;FL=N
|L:=5CLV;6J:6PSF;@9V;|L9;C5F;679@;JL:=5CL;JL9;H=:9FJN
thhlrathfiawfabjsdfbfjbkkimbthhfinnt{bflrathfadjdnnd
|=V;<6:6V;|9:9F6;A77;C=;J=;J67;B9MJ;99N
|=6:@FV;<6:6E;9D;@A:9>?=;6V;|L9;R=;JL:9;JL9;:=I;J=6:@F;
JL9;AB@=N
EB@9:V;9D;R6AM=;@9V;|L9;I6J;F799<F;5B@9:;JL9;R9@N
tatadlafgdjkbjfdjbftafjbffgirafht{bftadlaf
=5N
AJLABV;@9BJ:=;@9V;;A77;C=;JL9:9;AJLAB;6;99N
&  "$1 .'%"3$
uN;Q:9F9BJ9;=BJB5=V;AB@AI6;67C=;859;6I=BJ9I9;B=;9M6J=;
D=D9BJ=;@6;H676N;OF;H:6F9F;B9FJ9;J9D<=;P9:R67;D=FJ:6D;=;859;
67C5SD;C9:WB@A=N;[9I9FFAJ6;@=;P9:R=;T;6DE;AFE;
6:9;9;D6AF;67C5D;=5J:=;P9:R=;I=D;J9:DAB6>?=;KABC;K6B@=E;9B@=E;
KAB@=E;K=B@=V
;*
  ;6;R==N;T5;9FJ=5;9FI:9P9B@=;5D;7AP:=
=5; fRdgfbkaofhbrud
X9; (  ;J=;D5FAIN;T79;9FJY;9FI5J6B@=;DWFAI6
L9; * L ;75BILN;T76;9FJY;H6]9B@=;=;67D=>=
J; '( ;AJL;6;R677N;>hb>hifbkaofvntrgirudfgdjfljif
R=76N
9;( ;J=C9JL9:N;[`F;9FJ6D=F;6<:9B@9B@=;G5BJ=F
=5; ;TBC7AFLN;Rdgkfbkadfbkaluirudfrmhk
|L9;)( N;T79F;9FJ?=;PA6G6B@=

* ;
  ;6;R==
;=5; 
0;L9;(  ;J=;D5FAI
0;FL9;* L ;75BIL
0;J;'( ;AJL;6;R677
;9;( ;J=C9JL9:
;=5; ;TBC7AFL
;JL9)( 
fikkiudfdrarldfkbf{dgfyltkbnfgdhdginfaduikfikfqnikbkf
859;6I6R6D=F;@9;9FJ5@6:;B=;<6FF6@=E;<6:6;:976J6:;=;859;67C5SD;
)E;S;D5AJ=;FAD<79FN;6FJ6;J:=I6:;P9:R=;T;859;
9FJ6P6;B=;<:9F9BJ9;<97=;T;B=;<6FF6@=;6FE;9:9N;O<9B6F;
J9BL6;6J9B>?=;B6;L=:6;@9;F6R9:;8567;<9FF=6;5F6:Y;;9;8567;5F6:Y;
N;TM9D<7=FV
;

  ;6;R==N
=5;
 N
X9;
(  ;J=;D5FAIN
L9;
* L ;75BILN
J;
'( ;AJL;6;R677N
9;
( ;J=C9JL9:N
=5;
 ;TBC7AFLN
|L9;
)( N
Q9:I9R6;859;5F6D=F;fgdjfbbaefbfylbflkijdkf
fgdjfdl bb3fOC=:6E;<6:6;H=:D6:;6;B9C6JAP6;6FBJE;
9:9BJ;9;6;ABJ9::=C6JAP6; 6F;NNNE; 9:9;=5NNNE;R6FJ6;<:=I9@9:;
@6;D9FD6;H=:D6;859;PAD=F;B=;I6F=;@=;Q:9F9BJ9;=BJB5=N
wN;5J5:=;=BJB5=V;<6:6;:976J6:;685A7=;859;67C5SD;
;9D;5D;@9J9:DAB6@=;D=D9BJ=;B=;H5J5:=E;S;F`;5JA7A]6:;
T;9;D6AF;8567859:;=5J:=;P9:R=;J9:DAB6@=;9D;KABCN

Z;<:=B=D9;;S;5F6@=;<6:6;I=AF6F;9;6BAD6AFN;Q=@9;:9H9:A:KF9;6;
<9FF=6F;856B@=;B?=;F9;F6R9;=;F9M=N
|5@=;=;859;H=A;@9FI:AJ=;B9FJ6F;H:6F9F;9FJY;6I=BJ9I9B@=;6C=:6E;
B9FJ9;9M6J=;D=D9BJ=N;Q=:;AFF=;5F6D=F;=;<:9F9BJ9;I=BJB5=N;Q6:6;
J=:B6:;J=@6F;9FJ6F;H:6F9F;B9C6JAP6FE;R6FJ6;<=FAIA=B6:;6;<676P:6;
;6<`F;=;TE;=5;H6]9:;5D6;I=BJ:6>?=;9BJ9;979F;6D;B=JE;AFBJE;
6:9BJN
;* 
  ;6;R==N;O<9B6F;9FJ6;H=:D6;B?=;<=@9;F9:;
I=BJ:6@6
=5; N
X9; (  ;J=;D5FAIN
L9; * L ;75BILN
J; '( ;AJL;6;R677N
9;( ;J=C9JL9:N
=5; ;TBC7AFLN
|L9;)( N

;
((S
  ;6;R==N
=5;
((S N
X9;
((S(  ;J=;D5FAIN
L9;
((S* L ;75BILN
J;
((S'( ;AJL;6;R677N
9;
((S( ;J=C9JL9:N
=5;
((S ;TBC7AFLN
|L9;
((S)( N
[6F;B9C6JAP6FE;FAD<79FD9BJ9;<=FAIA=B6D=F;;7=C=;6<`F;
=;65MA7A6:;efdlfqibjdkfljifgdranidfgdjfbhbkfthhrda1f
=BJN
Q6:6;ABJ9::=C6:E;H6]KF9;6;I=7=I6>?=;@=;65MA7A6:;;6BJ9F;@=;
F5G9AJ=;@6F;H:6F9F; A77;NNNE; A77;=5NNNN

OC=:6E;<6:6;J:6BH=:D6:D=F;6F;H:6F9F;9D;ABJ9::=C6>9FE;
@9P9D=F;D5@6:;6;<=FA>?=;@=;TN;Q:9IAF6D=F;<=FAIA=BYK7=;
6DE;AFE;6:9;6BJ9F;@=F;F5G9AJ=F;@6F;H:6F9FN;OF;=5J:6F;<676P:6F;
<9:D6B9I9D;9D;F56F;<=FA>9F;=:ACAB6AFN;76:=;859;B?=;<=@9D=F;
9F859I9:;@=;<=BJ=;@9;ABJ9::=C6>?=N;}9G6V


yN;Q:9F9BJ9;AD<79FV;9FJ9;J9D<=;P9:R67;B=F;H676;@9;FAJ56>9F;
859;6I=BJ9I9D;:=JAB9A:6D9BJ9N;TFJ6F;FAJ56>9F;B?=;6I=BJ9I9D;B=;
9M6J=;D=D9BJ=;@6;H676E;D6F;5F567D9BJ9;@5:6BJ9;=;@A6;6;@A6N;Q=:;
bcbjshdef{dgfsdubfutbnfbjfsdnalmlkfhblfanivihdif>kkikfklikf
sihi{nikftrutgijfihmdfndatrbtndfsinif{dgefrdfylbnbjfutbnfylbf
{dgfbkabzifanivihirudfimdniefrbkabfbciadfjdjbradffbkkifrddf
@9;859;67C=;6I=BJ9I9;B=;<:9F9BJ9;D6F;I=D=;5D6;:=JAB6;S;=;859;=;
<:9F9BJ9;FAD<79F;AB@AI6N;}6D=F;P9:;6;I=BG5C6>?=;@9;67C5BF;P9:R=F;
rdfsnbkbrabfktjshbkfgdjfqnikbkfipnjiat{ikfsntjbtnd


;=:;AB;JL9;9P9BABCN
=5;7A9;J=;@6BI9N
;F799<F;6;7=JN
6;I==F;977N
0;R6:F;J==;D5ILN
bfksbif>rmhtkf?lbrah3
=5;@:AP9;H6FJN
|L9;@:AB;R99:N

9;6:9;:6]A7A6BFN;[`F;F=D=F;R:6FA79A:=F
dlfinbfvlk3fRdgkfbkadkdfdglsiudk
b3finbfiss3f>hbk>hikfbkadkdfqbhtbk
[=J9;859;6D;S;5F6@=;B6;<:AD9A:6;<9FF=6;@=;FABC576:E;AF;B6;
J9:I9A:6;@=;FABC576:;9;6:9;B6F;=5J:6FN
Q6:6;B9C6:D=FE;5F6D=F;;7=C=;6<`F;=;T;=5;H6]9D=F;
I=BJ:6>?=;9BJ:9;979FN

bngbvifylbfvikaifkbmltnfifdnubjfhklzbtad{bnvdfrdf
trprtat{dfkbjfgdjshbjbradifsinifqdnjinfihmljikf
kbrabrikffifdnubjfrialnihfuikfsihi{nikfbjfdnalmlkfaijvwjf
<kktjefkbf{dgfkdlvbnfljifvdifmijifubf{bnvdkefsdubnofjdrainf
D5AJ6F;H:6F9F;<6:6;<:6JAI6:N
rbkabfgikdfubfkbrabrikfipnjiat{ikfkdjbrabfrbgbkktaijdkf
J=D6:;I5A@6@=;I=D;=F;@9J67L9F;9D;B9C:AJ=;9;9D;F5R7ABL6@=N;
|=@6F6F;P9]9F;9D;859;=;F5G9AJ=;@6;H:6F9;H=:;6;J9:I9A:6;<9FF=6;@=;
ktrmlhinfbkbtaefub{bjdkfignbkgbrainfljfkfrdfprihfudf{bnvdf
TD;67C5D6F;FAJ56>9F;F9:Y;5D;K9FE;9;B=;I6F=;@=;P9:R=;J9:;J=;L6P9;
6;H=:D6;F9:Y;fbstadfkfrikfipnjiat{ikfgdjffsbkkdifktrmlhin
OF;B9C6JAP6F;<:9IAF6D;H6]9:;=;5F=;@=F;P9:R=F;65MA7A6:9F;;
9;E;6I:9FIA@=F;@9;fudrda1udraffudbkrda1udbkraf
9fkbnoflkiudfkdjbrabfgdjffsbkkdifktrmlhinf>cbjshdk
;@=BJ;=:;AB;JL9;9P9BABCN
=5;@=BJ;7A9;J=;@6BI9N
;F799<;6;7=JN
6;I==;977N
0;R6:;J==;D5ILN
bfudrafksbif>rmhtkf?lbrah3
=5;@=BJ;@:AP9;H6FJN
|L9;@=BJ;@:AB;R99:N
Q6:6;H6]9:D=F;<9:C5BJ6FE;<=FAIA=B6:9D=F;@=;9;@=9F;6BJ9F;@=;
F5G9AJ=;@6;H:6F9;9;6I:9FI9BJ6:9D=F;=;<=BJ=;@9;ABJ9::=C6>?=N
x=;;=:;AB;JL9;9P9BABC
x=;=5;7A9;J=;@6BI9
906;F799<;6;7=J
906;I==;977
9 ;R6:;J==;D5IL
=dfbfksbif>rmhtkf?lbrah3
x=;=5;@:AP9;H6FJ
x=;JL9;@:AB;R99:

;6D;B=J;6;J96IL9:N
=5;6:9BJ;6;FJ5@9BJN
X9;AFBJ;76J9N
L9;AFBJ;96:7N
J;AFBJ;J677N
9;6:9BJ;:6]A7A6BFN
=5;6:9BJ;R5FN
|L9;6:9BJ;L6<<N
AB67A]6B@=E;<6:6;J:6BFH=:D6:D=F;9FJ6F;H:6F9F;9D;
ABJ9::=C6>9FE;J9D=F;859;<=:;=;T;6BJ9F;@=F;F5G9AJ=FN;9DR:9J9V;
<=BJ=;@9;ABJ9::=C6>?=;OFFADV
OD;6;J96IL9:
O:9;=5;6;FJ5@9BJ
F;L9;76J9
F;FL9;96:7
F;J;J677
O:9;9;:6]A7A6BF
O:9;=5;R5F
O:9;JL9;L6<<
N;Q6FF6@=;FAD<79FV;AB@AI6;67C5D6;6>?=;I=D<79J6;B=;<6FF6@=E;
dlfkbziefihmdfzofprihtiudfsfsikkiudfktjshbkfginigabntikbfsbhif
iutdfuifabnjtridfbufidf{bnvdkf>a<>frikfipnjiat{ikf
[6F;ABJ9::=C6JAP6FE;5F6D=F;9;6BJ9F;@=F;F5G9AJ=F;@6F;H:6F9F;9E;B6F;
B9C6JAP6FE;;=5;N;}9G6D=FV
;=:;9FJ9:@6N;T5;J:6R67L9A;=BJ9D
=5;6BF9:;D;9KD6A7N;Rdgfnbksdrublfidfjblfbjith
X9;J:6P97;6;7=JN;T79;PA6G=5;D5AJ=
L9;6JILfabfjd{tbf>hifikktatlfdfphjb
J;R6:fihhfrtmaf>hb>hifhiatlfifrdtabfadui
9;FJ6fbnbfrkfpgijdkfiylt
=5;<76;P9:;977N;Rdgkfzdminijfjltadfvbj
|L9;<6:;H6:N;T79F;9FJ6IA=B6:6D;7=BC9

JAD=N;OC=:6E;<6:6;HAB67A]6:D=F;=;<:9F9BJ9;FAD<79FE;<6FF9D=F;
6=;<:ABIA<67;P9:R=;ABC7kfdfTN;O;I=BG5C6>?=;@=;<:9F9BJ9;@=;
TfsdkkltfankfqdnjikfE;;9;f>kabf{bnvdfktmrtpgifulikfgdtkikf
idfjbkjdfabjsdfkbnfbfbkainf ikfgdjdftubratpginfkbfrljifqnikbf
979;859:;F9;:9H9:A:;6=;P9:R=;F9:;=5;F9;6=;P9:R=;9FJ6:;D9F<=FJ6V;
@9<9B@9;@6;H:6F9E;@9<9B@9;@=;I=BJ9MJ=N;}9G6V
;6D;6;J96IL9:N;T5;F=5;5D;<:=H9FF=:
dlfinbfifkalubrafRdgfwfljfihlrd
X9;AF;76J9N;T79;9FJY;6J:6F6@=
L9;AF;96:7N;T76;9FJY;6@A6BJ6@6
aftkfaihhf>hb>hifwfihadi

;@A@BJ;=:;9FJ9:@6N;T5;B?=;J:6R67L9A;=BJ9D
=5;@A@BJ;6BF9:;D;9KD6A7N;Rdgfrdfnbksdrublfidfjblf
9KD6A7
X9;@A@BJ;J:6P97;6;7=JN;T79;B?=;PA6G=5;D5AJ=
L9;@A@BJ;6JIL;JL9;D=PA9N;>hifrdfikktkatlfdfphjb
J;@A@BJ;R6:;677;BACLJN;>hb>hifrdfhiatlfifrdtabfadui
bfuturafkai3fbnbfrkfrdfpgijdkfiylt
=5;@A@BJ;<76;P9:;977N;Rdgkfrdfzdminijfjltadfvbj
|L9;@A@BJ;<6:;H6:N;T79F;B?=;9FJ6IA=B6:6D;7=BC9
xA@;;=:;9FJ9:@6;T5;J:6R67L9A;=BJ9D
xA@;=5;6BF9:;D;9KD6A7;Rdgfnbksdrublfidfjblfbjith




xA@;L9;J:6P97;6;7=J;T79;PA6G=5;D5AJ=
=tufkbfiagfabfjd{tbf>hifikktkatlfdfphjb
xA@;AJ;R6:;677;BACLJ;>hb>hifhiatlfifrdtabfadui
=tufbfkai3fbnbfrkfpgijdkfiylt
xA@;=5;<76;P9:;977;Rdgkfzdminijfjltadfvbj
xA@;JL9;<6:;H6:;T79F;9FJ6IA=B6:6D;7=BC9

x6P9;6B@;\ A9;602;J=C9JL9:;FABI9;vxuxN;x6P9;9;
tbfajfbkaluiudfzlradkfubkubf}{}

456BJ=;6=F;P9:R=F;A::9C576:9FE;<:=I9@9:9D=F;@6;D9FD6;
qdnjif<frtgifutqbnbrifwfrikfipnjibkefsdtkfbhbkfrdfnbgbvbjf
J9:DAB6>?=;K9@N;~;9FF9BIA67;D9D=:A]6:;6F;H=:D6F;A::9C576:9FN;
}9G6D=FV
;9BJ;J=;JL9;R96ILN;J=;C=V;A:
=5;79HJ;96:7N;J=;796P9V;F6A:E;@9AM6:
X9;@:6B;J==;D5ILN;J=;@:ABV;R9R9:
L9;L6@;6;FAFJ9:N;J=;L6P9V;J9:
J;F79<J;5B@9:;JL9;R9@N;J=;F799<V;@=:DA:
9;FJ==@;AB;7AB9N;adfkairufpginfubfsw
=5;=B;J=C9JL9:N;J=;ABV;P9BI9:E;C6BL6:
|L9;I5J;JL9;D96JN;J=;I5JV;I=:J6:

Z;gg;J6DRSD;S;5F6@=;<6:6;@9FI:9P9:;FAJ56>9F;
859;GY;=I=::9:6DE;D6F;859;B?=;F6R9D=F;856B@=N;Z;J9D<=;S;
trubprtudefrdftrabnbkkiefdlfktjshbkjbrabfrdftjsdnaiefsdtkfdfylbf
AD<=:J6;S;=;H6J=;6I=BJ9IA@=N
\ A9;60-fabfdgbirfqdnfabfpnkafatjbf\ A9;PA5;=;=I96B=;
<976;<:AD9A:6;P9]
L9A76;6B@;5F6B;6;67:96@;S;J=;[9;=:N;L9A76;9;
5F6B;GY;9FJAP9:6D;9D;[=P6;=:859
;667:96@* * SN;T5;GY;6::5D9A;DABL6;I6D6
OF;H=:D6F;B9C6JAP6F;<=@9D;F9:?=V
;6-04 ;D;R9@N;T5;B?=;6::5D9A;DABL6;I6D6
\ A9;6-0-;JL9;=I96BN;\ A9;B?=;PA5;=;=I96B=
L9A76;6B@;5F6B;6--;J=;[9;=:N;L9A76;9;5F6B;
B?=;H=:6D;6;[=P6;=:859

6]KF9;B9I9FFY:A=E;J6DRSD;:9PAF6:;=;<6FF6@=;@=;P9:R=;TN;
T79;F9:Y;@6;F9C5ABJ9;H=:D6V

bfyltkbnjdkefsdubjdkfignbkgbrainfrdfprihfuifqnikbfifsihi{nif
Uefylbfktmrtpgifhitruiiefsinifjdutpginfljfsdlgdfdfkbratudfuif
I=BP9:F6V

;6F;JA:9@N
=5;9:9;F6@N
X9;6F;76J9N
L9;6F;96:7N
J;6F;R965JAH57N
9;9:9;AB;?=;Q657=N
=5;9:9;979C6BJN
|L9;9:9;6J;JL9;R6BN

;6-04 ;D;R9@;UN;T5;6AB@6;B?=;6::5D9A;DABL6;
I6D6
\ A9;6-0-;JL9;=I96B;UN;\ A9;6AB@6;B?=;PA5;=;=I96B=
L9A76;6B@;5F6B;6--;J=;[9;=:UN;L9A76;9;
5F6B;6AB@6;B?=;H=:6D;6;[=P6;=:859
Q6:6;H6]9:D=F;<9:C5BJ6F;B=;<:9F9BJ;<9:H9IJE;R6FJ6;I=7=I6:;
L6P9;=5;L6F;6BJ9F;@=;F5G9AJ=;@6;H:6F9N;pF;P9]9FE;H6]9D=F;5F=;@6;
<676P:6;efylbfktmrtpgifhihmljif{biefbjfsbnmlraik

[6F;B9C6JAP6FV;6FBJ;9;9:9BJN;T;B6F;ABJ9::=C6JAP6FV; 6F;
NNNE; 9:9;=5NNNE; 6F;L9 E;9JIN
~flalndfktjshbkfqdnjiudfsbhiflathtidfudfilcthtinf;
6<`F;=;F5G9AJ=F9C5A@=;@9;67C5D;P9:R=N;O;B9C6JAP6;S;=RJA@6;I=D;
;=5;I=D;6;I=BJ:6>?=;N;Q6:6;<9:C5BJ6:;B=;H5J5:=;FAD<79FE;S;
F`;I=7=I6:;;6BJ9F;@=;F5G9AJ=N;TM9D<7=FV
;
((S;6;I6:
=5K5506;6;R6RN
X9
((;6R:=6@N
L9
((;J=;JL9;<6:N
J
((;6J;JL9;P9J9:AB6:A6BN
9
((* L;6;R6:R9I59N
=5;K55065;D9;B=N
|L9;
((S;<6:JB9:FN
fnbkbrabfbnqbtadfqdnjiudfsbhiflathtidfudfilcthtinf
;<6:6;L9E;FL9E;AJ;D6AF;6;H=:D6;@=;<6:JAI<A=;@9;=5J:=;P9:R=N;
rutgifktalibkfgdrarlikefgdtkikfylbfajfigdrabgtudfsdnfljfgbnadf
<9:=@=;9;859;6AB@6;B?=;6I6R6:6DN
;60K/HJfbnbfqdnfp{bf3binkf|9BL=;J:6R67L6@=;685A;LY;
IABI=;6B=F
L9;60,/-;J=;JL9;I75R;6;7=J;76J97N;T76;J9D;A@=;D5AJ=;6=;
I75R9;57JAD6D9BJ9


X6P9;=5;R=5CLJ;\ A7;H=:;JL9;R6R;Rdgfgdjsndlfhbtabfsinif
dfvbv
ikfbfaihbufadfabfsdhtgbfdqpgbnfT79;H67=5;I=D;=;<=7AIA67
X6F;|AB6;9P9:;J:6P979@;J=;67P6@=:;O;|AB6;PA6G=5;6;67P6@=:;
67C5D6;P9]
X6P9;=5;9P9:;F99B;6;H6D=5F;<9:F=B;Rdgfihmljif{bf{tlf
5D6;<9FF=6;H6D=F6
N;Q6FF6@=;Q9:H9AJ=V;5F6@=;<6:6;@A]9:;859;67C5D6;I=AF6;=I=::95;
6BJ9F;@9;=5J:6;B=;<6FF6@=N;=:D6@=;<=:;;D6AF;=;<6:JAI<A=;@9;
67C5D;P9:R=N;}9G6;B=;<:`MAD=;9M9D<7=;859;LY;@56F;FAJ56>9F;
6I=BJ9I9B@=E;D6FE;685976;859;6I=BJ9I95;<:AD9A:=;9FJY;5F6B@=;=;
ggN;T;685976;859;6I=BJ9I95;9D;F9C5A@6;9FJY;B=;<6FF6@=;
FAD<79FN;ODR6F;6F;=:6>9F;9FJ?=;5BA@6F;<=:;N
;6;67:96@;(L9B;D;H6JL9:;((;L=D9NT5;GY;JABL6;
F6@=;856B@=;D95;<6A;7AC=5;<6:6;I6F6
[?=;S;9MJ:9D6D9BJ9;B9I9FFY:A=;859;L6G6;@56F;=:6>9FN;Q=@9;
i{bfisbrikfljifRbzi
x6PA@;60/2,6;D96J;H=:;JL9;R6:R9I59;JLAF;D=:BABCN;x6PA@;
JABL6;I=D<:6@=;I6:B9;<6:6;=;IL5::6FI=;L=G9;@9;D6BL?


O;B9C6JAP6;S;H=:D6@6;I=D;;=5;N;Q6:6;<9:C5BJ6:E;
@9P9D=F;<=FAIA=B6:;=;;6BJ9F;@=;F5G9AJ=N

X9;DACLJ;I=D9;J=;JL9;<6:JE;R5J;;@=BJ;JLAB;L9;A77NT79;<=@9;
PA:;;H9FJ6E;D6F;B?=;I:9A=;859;PA:Y

X9;L6@BJ;C=B9;J=;JL9;R6:N;T79;B?=;JABL6;A@=;6=;R6:
X6@;=5;R:=5CLJ;D9;JL=F9;@=I5D9BJF;Rdgfatrifjbf
J:6]A@=;685979F;@=I5D9BJ=F

K\ 6;9;DACLJ;<=@9D;F9:;5F6@=F;<6:6;9M<:ADA:;5D;<=:<`FAJ=E;
5D6;6F<A:6>?=;=5;5D6;9F<9:6B>6V
\ 6;L9;:9FJ;AB;<96I9N;459;979;:9<=5F9;9D;<6]
;L=<9;JL6J;L9;DACLJ;7A9;JLAF;I69N;TF<9:=;859;979;<=FF6;C=FK
J6:;@9FJ9;R=7=
\ 6;677;=5:;@:96DF;I=D9;J:59N;459;J=@=F;=F;F95F;F=BL=F;
F9;:967A]9D

1 ."$ ,-' "$ $% ,-' "3$

liradffqdnjiesdubjdkfghikktpginfdkf{bnvdkftrmhbkbkbjf
D9C576:9FE;::9C576:9F;9;\ =@6AFN
?=;IL6D6@=F;@9;:9C576:9F;=F;P9:R=F;859;<=FF59D;6;
J9:DAB6>?=;4856B@=;9FJ?=;B=;<6FF6@=;FAD<79F;9;B=;<6:JAI<A=;
sikkiudfRbzifdkfankfsntjbtndkfbcbjshdkfrifsnctjifaivbhi
ZF;P9:R=F;A::9C576:9F;&fajflrtqdnjtuiubfyliradffbkgntaif
udfsikkiudfktjshbkfbfudfsinatgstdfdrpnifdkfankfhatjdkf
9M9D<7=F;B6;J6R976;6R6AM=N
$PQ$
PQ$$
"O
Q
PO
J=;6II9<J 6II9<J9@
6II9<J9@
J=;6@@
6@@9@
6@@9@
J=;6::AP9
6::AP9@
6::AP9@
J=;R9
6FE;9:9
R99B
J=;R9CAB
R9C6B
R9C5B
J=;R5
R=5CLJ
R=5CLJ

&PN
6I9AJ6:
6@AIA=B6:E;F=D6:
IL9C6:
F9:E;9FJ6:
I=D9>6:E;ABAIA6:
I=D<:6:

KQ6:6;@A]9:D=F;67C=;B=;<6FF6@=;9;B=;H5J5:=E;6=;ABPSF;@9;D6;
9;DACLJE;B=:D67D9BJ9;5F6D=F;=F;P9:R=F;^J=;R9;677=9@;J=_;=5;^J=;
vbfsbnjtaabufadieylbfktmrtpgijfhkbnfsbnjtatudi
X9;A77;R9;677=9@;J=;796P9;<:AF=BN;9:K7L9KY;<9:DAJA@=;F6A:;
@6;<:AF?=
;6FBJ;677=9@;J=;9BJ9:;AJL=5J;6;5BAH=:DN;[?=;D9;@9AM6K
:6D;9BJ:6:;F9D;5D;5BAH=:D9
K\ 6;9;DACLJ;B?=;F?=;5F6@=F;B6;ABJ9::=C6JAP6;9M<:ADAB@=;<:=K
R6RA7A@6@9;=5;<=FFARA7A@6@9N;EF6D=F;VeTVU;9;V
x=;=5;JLAB;L9;AF;7AFJ9BABC;H=:;5FRdgfigifylbfbhbfbkaof
B=F;=5PAB@=
F;AJ;7A97;J=;L6<<9Bffsdkk{bhsnd{o{bhfylbftkkdfigdrabi
6B;JLAF;<76B;I=D9;J:59;Q=@9:Y;9FJ9<76B=;F9;J=:B6:;:967A@6K
@9
K\ 6;9;\ ACLJ;<=@9D;F9:;9D<:9C6@=F;B6;B9C6JAP6E;D6FF9D;
I=BJ:6>?=V
UUUN;T79;<=@9;I=BI=:@6:;=5;
rdfgdjf{dg

1 ."$ )'%"3$

vN;\ 5FJ;<:9IAF6:E;@9P9:E;J9:;859V

ZF;P9:R=F;D=@6AF;F?=;@AFJABJ=F;@=F;:9C567:9F;9;A::9C576:9F;
<=AF;<=FF59D;I6:6IJ9:FJAI6F;<:`<:A6FV
uN; [?=;<:9IAF6D;@9;65MA7A6:9F;B6;H=:D6>?=;@9;B9C6JAP6F;9;
trabnndmiat{ik
vN; 9D<:9;6<`F;=F;D=@6AFE;5F6D=F;5DP9:R=;:9C576:;=5;
tnnbmlhinfrdftrprtat{defjikfkbjfdfhadi
wN; [?=;F=H:9D;67J9:6>?=;B6;J9:I9A:6;<9FF=6;@=;FABC576:;@=;
snbkbrabfdmdefrlrgifnbgbvbjfhkiefhbkifdlfhtbkifsinifbkbta
?=;P9:R=F;D=@6AFV;I6BE;I=57@E;D6E;DACLJE;FL=57@E;D5FJE;
=5CLJ;J=N
uN;\ 6E;\ ACLJ;<=@9:V
K\ 6;<=@9;F9:;5F6@=;<6:6;<9@A:;<9:DAFF?=V
\ 6;;=<9B;JL9;AB@=Q=FF=;6R:A:;6;G6B976
\ 6;;5F9;=5:;R6JL:==D;Q=FF=;5F6:;F95;R6BL9A:=
K\ 6;9;\ ACLJ;<=@9D;AB@AI6:;<=FFARA7A@6@9;D6AF;I9:J6;=5;<:=K
R6RA7A@6@9;D6AF;:9D=J6V
J;D6;:6ABN;Q=@9;IL=P9:;0U;AB@AI6;67C=;I=D;D6AF;I9:K
J9]6;@=;859;
J;DACLJ;:6ABN;Q=@9;IL=P9:;0;6;<:=R6RA7A@6@9;@9;IL=P9:;S;
<9859B6


K\ 5FJ;S;5F6@=;B=;<:9F9BJ9;9;B=;H5J5:=N;\ 5FJ;<=@9;9M<:ADA:;
=:@9DE;B9I9FFA@6@9E;=R:AC6>?=E;@9P9:N;~;985AP679BJ9;6;;J9:;
859V
;D5FJ;C=;B=N;Q:9IAF=;A:;6C=:6
=5;D5FJ;=R9;=5:;<6:9BJFN;Rdgfub{bfdvbubgbnfifkblkfsitk
=5;D5FJ;H=77=;=5:;@=IJ=:F;6@PAI9N;Rdgfabjfylbfkbmltnf
=F;I=BF97L=F;@=;F95;DS@AI=
bfikfdnbufifhdafbfjlkafvbfatnbuf>hbfanivihdlfjltadf
@9P9;9FJ6:;I6BF6@=
KO;H=:D6;B9C6JAP6;D5FJBJ;D5FJ;B=J;9M<:AD9;5D6;<:=ARA>?=;
dlfqifljifiu{bnargti
}AFAJ=:F;D5FJ;B=J;H99@;JL9;6BAD67FN;}AFAJ6BJ9F;9FJ?=;<:=ARA@=F;
@9;67AD9BJ6:;=F;6BAD6AF
=5;D5FJBJ;DAFF;JL9;Vxx;J:6ABN;Rdgfrdfsdubfsbnubnfdfanbjf
@6FVxx
wN;6B;<=@9:V
KQ=@9;F9:;5F6@=;<6:6;9M<:9FF6:;J679BJ=F;9;L6RA7A@6@9F;B=;<:9K
F9BJ9V
|L9;I6B;FABC;:9677;977N;T79F;<=@9D;I6BJ6:;:967D9BJ9;D5AK
J=;R9D
fgirfksbif>rmhtkf>lfkbtfqihinfrmhk


KQ=@9;F9:;5F6@=;<6:6;<9@A:;<9:DAFF?=V
6B;;@:AB;6J9:E;J96IL9:;Q=FF=;A:;R9R9:;YC56E;<:=H9FF=:
6B;;F99;=5:;L=D9=:Q=FF=;P9:;F56;J6:9H6

\ 6B;<9=<79;9:9;I6779@;R;JLAF;I=D<6BN;\ 5AJ6F;<9FF=6F;
H=:6D;IL6D6@6F;<=:;9FJ6;9D<:9F6

KXY;@56F;H=:D6F;B9C6JAP6FE;I6BJ;9;I6BB=JV
X9;I6BJ;@6BI9;6J;677N;T79;B?=;F6R9;@6B>6:;B6@6
|AD;I6BB=J;I=BJ:=7;LAF;H997ABCFN;|AD;B?=;I=BF9C59;I=BJ:=76:;
F95F;F9BJAD9BJ=F
wN;=57@;I=BF9C5A6E;<=@A6E;<=@9:A6V

[=J9E;J6DRSDE;859E;F;P9]9FE;S;B9I9FY:A=;6I:9FI9BJ6:;6;
<:9<=FA>?=;TU;<6:6;6<:9F9BJ6:;=;=RG9J=;@6;<6FFAP6N
akijdkfifsikkt{ifylirudfylbnbjdkfuinfjitkfrqikbfidfdvzbadf
@=;859;6=;6C9BJ9E;9;J6DRSD;856B@=;B?=;I=BL9I9D=F;=;F5G9AJ=E;=;
6C9BJ9;@6;P=];6JAP6V
B9BB9@;6F;A779@;R;99;X6:P9;ZF67@N;B9BB9@;H=A;
D=:J=;<=:;99;X6:P9;ZF67@
\ ;6779J;L6F;R99B;FJ=79BN;\ ABL6;I6:J9A:6;H=A;:=5R6@6

KEF6D=F;I=57@;<6:6;9M<:9FF6:;A@9A6F;I=D=;F9B@=;=;<6FF6@=;
@9;6BV
L9B;;6F;6;J99B6C9:;;I=57@;FAD;R9JJ9:N;456B@=;95;9:6;
6@=79FI9BJ9;95;<=@A6;B6@6:;D97L=:
;I=57@;:5BE;B=;;I6BJ;6BD=:9N;T5;<=@A6;I=::9:E;D6F;6C=:6;
B?=;I=BFAC=;D6AF

Q=@9D=F;I=BG5C6:;6;P=];<6FFAP6;9D;8567859:;J9D<=N;Q=:;
9M9D<7=V

KQ6:6;<9@A:;<9:DAFF?=E;I=57@;S;D6AF;9@5I6@=;9;H=:D67;859;
6BV
dlhuf3dlfbhsfjbfRdgfsdubntifjbfizluin
=57@;;R=::=;=5:;I977;<L=B9;T5;<=@9:A6;<9C6:;9D<:9FK
J6@=;F95;I97576:

<:9F9BJ;FAD<79V;J; ;D6@9;AB;:6]A7N;~;H9AJ=;B=;:6FA7
<:9F9BJ;I=BJAB5=5FV;J; S ;D6@9AB;:6]A7N;TFJY;F9B@=;
H9AJ=;B=;:6FA7
<:9F9BJ;<9:H9IJV;J;60-;D6@9AB;:6]A7N;|9D;FA@=;H9AJ=;
B=;:6FA7

Z;<:AD9A:=;9M9D<7=;@Y;D6AF;AD<=:JUBIA6;6=;=RG9J=;@6;6JAP6N;
AY;B=;F9C5B@=E;=;6C9BJ9;@6;6JAP6;S;@9FI=BL9IA@=N

%!%!%&%1$ $, !)%3$

yN;L=57@;9;Z5CLJ;J=;@9P9:A6V
KEF6D=K=F;<6:6;9M<:9FF6:;B=FF6;=<ABA?=E;<6:6;@6:;F5C9FJ?=;=5;
I=BF97L=V
X9;FL=57@;J:6P97;D=:9N;T79;@9P9:A6;PA6G6:;D6AF
;=5CLJ;J=;C=;:ACLJ;B=N;T5;@9P9:A6;A:;AD9@A6J6D9BJ9
KOF;H=:D6F;B9C6JAP6F;F?=;L=57@BJ;9;Z5CLJ;B=J;J=N
=5;FL=57@BJ;J67;7A9;JL6JN;Rdgfrdfub{bntifqihinfuiylbhbf
G9AJ=
;=5CLJ;B=J;J=;F99;L9:N>lfrdfub{bntif{hi
10$'""%1'3$
XY;@56F;P=]9F;P9:R6AFV;6JAP6;9;<6FFAP6
O;P=];6JAP6;S;6;P=];^B=:D67_;@=;P9:R=E;<=AF;S;I=D;976;859;
B=:D67D9BJ9;B=F;I=D5BAI6D=FN;[976E;=;=RG9J=;:9I9R9;6;6>?=;@=;
P9:R=N;ZRF9:P9;=F;9M9D<7=F;F=R;6;`JAI6;@6;=:@9D;B=:D67;@6F;
sihi{nikfrljifqnikbflzbtad{bnvddvzbad
iakfbiafpkfiadkfgdjbjfsbtcbk
O;P=];<6FFAP6;S;D9B=F;I=D5D;@9;F9:;5F6@6N;T76;S;D6AF;H=:D67N;
[976E;=;F5G9AJ=;:9I9R9;6;6>?=;@=;P9:R=N;9;I=D<6:6:D=F;I=D;6;P=];
6JAP6E;P9:9D=F;5D6;ABP9:F?=;B=;<=FAIA=B6D9BJ=;@=;F5G9AJ=;9;@=;
=RG9J=N
AFL;6:9;96J9B;R;I6JFNQ9AM9F;F?=;I=DA@=F;<=:;C6J=F
<bkanlalnifuif{dfsikkt{ifwfvbjfktjshbkfklzbtadffvbff
P9:R=<:ABIA<67;B=;<6:JAI<A=N
TM9D<7=FV
Q6:F;6:9;@9FJ:=9@;R;=5:;R6@;L6RAJFNQ6:859F;F?=;@9FJ:5@=F;
<=:;B=FF=F;D65F;LYRAJ=F


sftrprtat{dfwfifqdnjifvikbfudf{bnvdfTeee
eE;J67;8567;S;9BI=BJ:6@6;B=F;@AIA=BY:A=FNZ;P9:R=;B=;
trprtat{dfsdubfkbnfirabgbutudsbhifsinaglhifhadifdlfrdfx9P9KF9;
5JA7A]6:;/0--/04 0/0/;6<`FV
6;=F;D=@6AF;I6BE;I=57@E;D5FJE;FL=57@E;D6E;DACLJN
;P$N;UN;Rdgfsdubfanivihinfdzb
R;=F;P9:R=F;65MA7A6:9F;@=E;@=9FE;@A@E;A77N
N$O[`F;:967D9BJ9;6G5@6D=F;9D;I6F6N
$NgUNT79;:967D9BJ9;H=A;;H9FJ6N
;OO$POO;UN;T79;J9;7AC6:Y;6D6BL?;@9;
D6BL?N
I;6F;I=BG5B>9F;T;9;Wg
Ug5UgU;
;\ 95;F5<9:PAF=:;@AFF9;859;95;<=@9:A6;H6]9:;8567K
859:;I=AF6;B6;9D<:9F6E;D9B=F;IL9C6:;6J:6F6@=N
@6<`FTee
TTT79;@9P9:A6;<6:JA:;
6C=:6;=5;<9:@9:Y;=;8BAR5FN
5OP8>lfsnbpndfisnbrubnfrK
mhkfifisnbrubnfnirgk
9;6<`F;=F;P9:R=F;V;9;V
gVOTNTFJ9;75C6:;D9A;@9AM6;
:9B=P6@=N
OU=btcbjbfizluinf{dgj
EF6KF9;/0--/0./4 0/0/0-0,2-02V
6;6<`F;=F;P9:R=F;eeeeeee
N
5U;;;T5;I=BPAK
@9A;DABL6;6P`;<6:6;G6BJ6:;I=DAC=N


N$QWT[`F;859:9D=F;P9:;6;9MARA>?=;
@9;6:J9N
R;6<`F;6@G9JAP=F;9;6<`F;6F;<676P:6F;
eUN
;NN;U;N$N;;Rdgfwfjltadfzd{bjfsinif
J:6R67L6:;685AN
gfsiniftrutginfsndsktadefprihtuiub
UN$VT76F;H=:6D;7Y;<6:6;I=D<:6:;
5D6;F6A6N
Z;9:WB@A=E;J6DRSD;I=BL9IA@=;<=:;Q:9F9BJ9;=BJB5=;AB@AI6;
67C=;859;6I=BJ9I9;B=;9M6J=;D=D9BJ=;@6;H676N;OF;H:6F9F;B9FJ9;
J9D<=;P9:R67;D=FJ:6D;=;859;67C5SD;C9:WB@A=N;
[9I9FFAJ6;@=;P9:R=;T;6DE;AFE;6:9;9;D6AF;67C5D;=5J:=;P9:R=;
I=D;J9:DAB6>?=;KABC;K6B@=E;9B@=E;KAB@=E;K=B@=V
;*
  ;6;R==N;T5;9FJ=5;9FI:9P9B@=;5D;7AP:=
=5; fRdgfbkaofhbrud
X9; (  ;J=;D5FAIN;T79;9FJY;9FI5J6B@=;DWFAI6
L9; * L ;75BILN;T76;9FJY;H6]9B@=;=;67D=>=
J; '( ;AJL;6;R677N;>hb>hifbkaofvntrgirudfgdjfljif
R=76N
9;( ;J=C9JL9:N;[`F;9FJ6D=F;6<:9B@9B@=;G5BJ=F
=5; ;TBC7AFLN;Rdgkfbkadfbkaluirudfrmhk
|L9;)( N;T79F;9FJ?=;PA6G6B@=
Z;<:=B=D9;;S;5F6@=;<6:6;I=AF6F;9;6BAD6AFN;Q=@9;:9H9:A:KF9;6;
<9FF=6F;856B@=;B?=;F9;F6R9;=;F9M=N
|5@=;=;859;H=A;@9FI:AJ=;B9FJ6F;H:6F9F;9FJY;6I=BJ9I9B@=;6C=:6E;
B9FJ9;9M6J=;D=D9BJ=N;Q=:;AFF=;5F6D=F;=;<:9F9BJ9;I=BJB5=N;Q6:6;
J=:B6:;J=@6F;9FJ6F;H:6F9F;B9C6JAP6FE;R6FJ6;<=FAIA=B6:;6;<676P:6;
;6<`F;=;TE;=5;H6]9:;5D6;I=BJ:6>?=;9BJ9;979F;6D;B=JE;AFBJE;
6:9BJN
;* 
  ;6;R==N;O<9B6F;9FJ6;H=:D6;B?=;<=@9;F9:;
I=BJ:6@6
=5; N
X9; (  ;J=;D5FAIN
L9; * L ;75BILN
J; '( ;AJL;6;R677N
9;( ;J=C9JL9:N
=5; ;TBC7AFLN
|L9;)( N
OC=:6E;<6:6;J:6BH=:D6:D=F;6F;H:6F9F;9D;ABJ9::=C6>9FE;
@9P9D=F;D5@6:;6;<=FA>?=;@=;TN;Q:9IAF6D=F;<=FAIA=BYK7=;
6DE;AFE;6:9;6BJ9F;@=F;F5G9AJ=F;@6F;H:6F9FN;OF;=5J:6F;<676P:6F;
<9:D6B9I9D;9D;F56F;<=FA>9F;=:ACAB6AFN;76:=;859;B?=;<=@9D=F;
9F859I9:;@=;<=BJ=;@9;ABJ9::=C6>?=N;}9G6V
* ;
  ;6;R==
;=5; 
0;L9;(  ;J=;D5FAI
0;FL9;* L ;75BIL
0;J;'( ;AJL;6;R677
;9;( ;J=C9JL9:
;=5; ;TBC7AFL
;JL9)( 

TMAFJ9DE;9BJ:9J6BJ=E;67C5BF;)S;eee
T;120/4 0H0,2/0-/05/0--/012-/0
5/0,H-/04 0/0/7
Ugg8g4

Ugg8g
XY;J6DRSD;67C5BF;)S;eUeeVeT4
eeTeeegeeegeUe
eg;120/4 0H0,2/00,H-/0/20--/0
./4 0/0/700H./0/HH01204 05,2-0./0605HI
^& 
5Uf>lfgdjbgbtfifijinf{dgf
5U>lfgdjbgbtfifijinf{dg
5gggT5;<6:9A;K;=;859;9FJ6P6;H6]9B@=;K;<6:6;
6G5@YK76N
5gggT5;<6:9A;@9;6G5@YK76N
,'$)"$')m &%1"3$
O@G9JAP=F;F?=;<676P:6F;=5;C:5<=;@9;<676P:6F;859;AB@AI6D;
ginigabnkatgikfudkfklvkairat{dkefubprtruddkefubhtjtairuddkfdlf
jdutpgiruddk
O=;I=BJ:Y:A=;@=;859;=I=::9;B6;7BC56;<=:J5C59F6E;=F;6@G9JAP=F;
bjftrmhkfrdfsdkklbjfqdnjifktrmlhinefshlnihefjikglhtrifrbjf
H9DABAB6N;TMAFJ9;6<9B6F;6;H=:D6;FABC576:N
L9;AF;R965JAH57N;0;|L9;6:9;R965JAH57N
XAF;I6:;AF;:9@N;0;|L9A:;I6:F;6:9;:9@N
456B@=;=F;6@G9JAP=F;6<6:9I9D;G5BJ=;6;5D;F5RFJ6BJAP=E;
685979F;F9D<:9;<:9I9@9D;9FJ9V
|LAF;AF;6;TIAJN
|L9;7AP9;AB;6;L=5F9N
skfiuzbat{dkfbjftrmhkfaijvwjfsdkklbjfmnilkfut{bnkdkeikktjf
gdjdfdgdnnbfbjfsdnalmlkRbzi
nilfdjsiniat{dfubfmlihuiubfikffiuzbat{dffik;;
adairadfylirad
x9:9I;AF;06/H0;:9@N;x9:9I;S;J?=;R6AM=;856BJ=;:9@
|L6J;D=J=:II79;AF;;JLAF;=B9N;O85976;D=J=;S;J?=;
:Y<A@6;856BJ=;9FJ6
A57A9;AF;S (L6:=BN;A57A9;S;J?=;R976856BJ=;L6:=B
nilfdjsiniat{dfubflsbntdntuiubfiuzbat{dglnadffbnf
fairf1D6AFNNN@=;859NN
FJ:=BCV;|AD;AF;FJ:=BCH6-Q9J9:N;|AD;S;D6AF;H=:J9;@=;859;
Q9J9:
J677V;OB979<L6BJ;AF;J677H06-;6;7A=BN;ED;979H6BJ9;S;D6AF;
67J=;859;5D;79?=
JLABV;[6BI;AF;JLABBH06-;59N;[6BI;S;D6AF;D6C:6;@=;
859;59

@


nilf djsiniat{df ubf lsbntdntuiubf jdnbf f
iuzbat{dhdrmdffairf1D6AFNNN@=;859NN
x6P9;AF;4 /H0-55,-06-;LAF;R:=JL9:N;x6P9;S;D6AF;
ABJ977AC9BJ9;859;F95;A:D?=
X9;AF;4 /H0.HG2506-;LAF;H6JL9:;6F;6;@:AP9:N;T79;S;D6AF;
I5A@6@=F=;859;F95;<6A;I=D=;D=J=:AFJ6
|LAF;L=5F9;AF;4 /H0./4 G/H506-;JL9;=JL9:N;TFJ6;I6F6;S;
D6AF;I=BH=:JYP97;859;6;=5J:6
nilfdjsiniat{dfubfrqbntdntuiubfhbkkffiuzbat{dff
JL6B;D9B=FNNN@=;859NNN
L:AFJ=<L9:;AF;50G4 /206-;:6@N;L:AFJ=<L9:;S;D9B=F;
H6D=F=;@=;859;:6@
=5:;IAJ;AF;79FF;L=J;JL6B;DAB9N;56;IA@6@9;S;D9B=F;859BJ9;
@=;859;6;DABL6
tkfhirmlimbftkfhbkkfutqpglhafairfabfdabnkfTFJ6;7BC56;S;
D9B=F;@AHIA7;@=;859;6F;=5J:6F
Q6FF9D=F;9BJ?=;6;9FJ5@6:E;6C=:6E;=;C:65;F5<9:76JAP=V
nilflsbnhiat{dfubflsbntdntuiubfabffiuzbat{dfglnadf
fbkaf1fdfjitk
IL96<V;|LAF;AF;6;IL96<;:9FJ65:6BJ;AB;J=BN;TFJ9;S;=;
:9FJ65:6BJ9;D6AF;R6:6J=;@6;IA@6@9
J677V;A9BBAH9:;AF;6;J677;CA:7;AB;JL9;C:=5<N;A9BBAH9:;S;6;
C6:=J6;D6AF;67J6;@=;C:5<=
@:V;|LAF;AF;6;@:A;:9CA=B;=H;JL9;FJ6J9N;TFJ6;S;6;:9CA?=;
D6AF;F9I6;@=;9FJ6@=
nilflsbnhiat{dfubflsbntdntuiubfabfjdkaffiuzbat{df
7=BC=;;=;D6AFNNN
|LAF;AF;604 /04 /H-;|};F9J;B=6@6FN;TFJ9;S;=;6<6:97L=;
@9;|};D6AF;D=@9:B=;@=;D=D9BJ=
X9;AF;604 /06-/4 6IJ=:;AB;JL9;D=PA9FN;T79;S;=;6J=:;
D6AF;R=BAJ=;@=;IAB9D6
\ 9FF;AF;604 /0G4 /2;F=II9:;<769:;B=N;\ 9FF;S;=;
G=C6@=:;@9;H5J9R=7;D6AF;H6D=F=;6C=:6
nilflsbnhiat{dfubfrqbntdntuiubfabfhbikaffiuzbat{df
;=;D9B=FNNN
|LAF;AF;60504 /H-;@9J6A7N;TFJ9;S;=;@9J67L9;D9B=F;
AD<=:J6BJ9
D;676F;6050-H/2;@5:ABC;JL9;J9FJFN;9D<:9;F=5;=;
D9B=F;B9:P=F=;@5:6BJ9;6F;<:=P6F
|L6J;:9CA=B;AF;6050G;=H;JL9;IAJN;O85976:9CA?=;S;6;
D9B=F;F9C5:6;@6IA@6@9
XY;67C5D6F;6@6<J6>9F;859;<:9IAF6D=F;H6]9:;B6;9FI:AJ6;
@=F;6@G9JAP=F;856B@=;6I:9FI9BJ6D=F;K9:;9;K9FJ;<6:6;H=:D6:D=FE;
I=BF9I5JAP6D9BJ9E;F95F;I=D<6:6JAP=F;9;F5<9:76JAP=FN;ZRF9:P9V
O=F;859;GY;F?=;J9:DAB6@=F;9D;K9E;6I:9FI9BJ6D=F;6<9B6F;K:;B=;
I=D<6:6JAP=;=5;KFJ;B=;F5<9:76JAP=V
C

A@9;76:C=; ;
76J9;J6:@9; ;

A@9; ;
76J9; ;

JL9;A@9
JL9;76J9

+(Y )* * KE;F5RFJAJ5D=F;=;

K;<=:;KA;9;@9<=AF;I=7=I6D=F;K9:;=5;K9FJV
<:9JJ;R=BAJ6;
<:9JJ ; ;
JL9;<:9JJ 
@A:J;F5G=; ;
@A:J ; ;
JL9;@A:J 
lirudfdfiuzbat{dfqdnfglnadfbfabnjtrinfgdjfifkbylrgtif
E;@=R:6KF9;6;W7JAD6;I=BF=6BJ9;6BJ9F;
@9;6I:9FI9BJ6:;K9:;=5;K9FJV
atrfjimndprdf
H6J;C=:@=; ;

atr; ;
H6J; ;

JL9;JLAB
JL9;H6J

}6D=F;9FJ5@6:;6C=:6;67C5BF;6@G9JAP=F;859;<=FF59D;H=:D6F;
A::9C576:9FV
6@D65; ;
;;;=:F9;;;
==@R=D; ;
;;;R9JJ9:;;
6:7=BC9; ;
;;;H6:JL9:;;
injitkgdjshbjbrainffqlnabnff
AJJ79<=5I=;;
;;;79FF; ;
ir3jltadkikf
fffjdnbf f
lgjltadif
fffjdnbf f

JL9;=:FJ
JL9;R9FJ
JL9;H6:JL9FJ
abfqlnabka
JL9;796FJ
abfjdka
abfjdka

')1 .%"3$
<u{wnvtdkfkdfsihi{nikfylbfjdutpgij

ED;P9:R=;X9;6J9;F7=7N;;T79;I=D95;79BJ6D9BJ9;K;
=D=;979;I=D95
ED;6@G9JAP=;X9;@:=P9;6;P9:;F7=;I6:N;;T79;<A7=J=5;5D;
I6::=;D5AJ=;79BJ=K;=D=;9:6;6;:6<A@9];@=;I6::=
Z5J:=;6@PS:RA=;L9;679@;85AJ9;F7=7;@=B;JL9;6AF79N;
;T76;6B@=5;R9D;79BJ6D9BJ9;<97=;I=::9@=:K;=D;859;79BJA@?=;976;
6B@=5
O@PS:RA=F;H:9859BJ9D9BJ9;B=F;@A]9D;856B@=E;=B@9E;<=:;859E;
=5;9D;856AF;I=B@A>9F;67C5D6;I=AF6;6I=BJ9I9;=5;6I=BJ9I95N
skfiu{wnvtdkfkdfmbnihjbrabfghikktpgiudkfbj
<u{wnvtdkfubf<pnjidfgbnaitrh3efgbnaijbrabftrubbuefkbjf
u{tuifdv{tdlkh3efdv{tijbrabf3bkefktjfklnbh3efgbnaijbrabfbag
<u{wnvtdkfubf={tuifji3vbefsdkkt{bhjbrabfsbniskefaih{bf
sdkktvh3efsdkkt{bhjbrabfbag
<u{wnvtdkf ubf nbylrgtif uith3ef utintijbrabf jdrah3ef
jbrkihjbrabf dggiktdrihh3ef dgiktdrihjbrabf dqabrqnbylbrah3ef
qnbylbrabjbrabf3binh3efirlihjbrabfkbhudjninbh3efninijbrabf
bbh3efkbjirihjbrabfihi3kefkbjsnbfrb{bnefrlrgifkdjbatjbkef
kf{bbkfinuh3fb{bnefylikbfrlrgiefninijbrabflklihh3mbrbnihh3ef
mbnihjbrabfbag


<u{wnvtdkf ubf rabrktuiubf gdjshbabh3ef gdjshbaijbrabf
brdlmefklpgtbrabjbrabefvikairabfbratnbh3eftrabtnijbrabfjlgef
jltadfrbinh3efylikbefisndctjiuijbrabfsnbaa3efvikairabfyltabef
gdjshbaijbrabf khtmah3ef htmbtnijbrabf bylihh3ef tmlihjbrabf
bcigah3ef bciaijbrabf mnbiah3ef mnirubjbrabf {bn3ef jltadf
klqpgtbrah3efklpgtbrabjbrabfaddefjltadefubjiktiuijbrabfhinmbh3ef
mnirubjbrabfhtaahbefsdlgdfjbnbh3efjbnijbrabfbag
<u{wnvtdkfubflminfir3bnbefbjfylihylbnfhlminfindlruefidf
nbudnfvbhdefivitcdfb{bn3bnbefbjfadudhlminfqinefhdrmbfbnbef
iyltfrbinefsbnadfrdbnbebjfrbrljfhlminfabnbefhofbnbef
drubfbag
<u{wnvtdkf ubf dudf igat{bh3ef iat{ijbrabf ndrmh3ef
bnndrbijbrabfviuh3efjihfqitaqlhh3efpbhjbrabfqikaefnistuijbrabf
mhiuh3efihbmnbjbrabfyltgh3efnistuijbrabfktjsh3efktjshbkjbrabf
kabiuth3efpnjbjbrabfanlh3e{bnuiubtnijbrabfbhhefvbjfbag
O@PS:RA=F;@9;[9C6>?=V;B=E;B=JE;B?=N
<u{wnvtdkfubfsnubjfpnkah3efsntjbtnijbrabfkbgdruh3efbjf
kbmlrudfhlminfatnuh3efbjfabngbtndfhlminfbag
<u{wnvtdkfubfbjsdfihnbiu3efzofihi3kefkbjsnbfbinh3efgbudf
tjjbutiabh3eftjbutiaijbrabfhiabefainubfhiabh3eflhatjijbrabf
rb{bnefrlrgifrdefimdnifkddrefbjfvnb{befvnb{bjbrabfkathhef
itruifabrefbradfadui3efdzbfadjdnndefijirfbrefylirudf
3bkabnui3efdrabjfbag
<u{wnvtdkfrabnndmiat{dkfdefgdjdfbrefylirudfbnbef
drubf3efsdnfylbfbag
O7C5BF;9M9D<7=FV
L9;D=P9@;F7=7;6B@;F<=9;85A9J7NT76;F9;D=P95;79BJ6D9BJ9;
9;H67=5;F5FF5::6B@=
L9;FJA77;7AP9F;JL9:9;B=NT76;6AB@6;D=:6;7Y;6C=:6
JF;FJ6:JABC;J=;C9J;@6:;B=N>kaofgdjbirudfifpginfbkglndf
6C=:6
bfprtkbufbnfabifpnkaNQ:AD9A:6D9BJ9;976;J9:DAB=5;F95;ILY
L9;79HJ;96:7N;T76;F6A5;I9@=
ZFI6:;AF;6;P9:;R:ACLJ;D6BN;ZFI6:;S;5D;L=D9D;D5AJ=;
R:A7L6BJ9
|L9;ILA7@:9B;R9L6P9@;P9:;R6@7N;OF;I:A6B>6F;F9;I=D<=:J6:6D;
D5AJ=;D67
|LAF;6<6:JD9BJ;AFJ==;FD677;H=:;5FN;TFF9;6<6:J6D9BJ=;S;
<9859B=;@9D6AF;<6:6;B`F
|L9;I=HH99;AF;J==;F99JN;Z;I6HS;9FJY;@=I9;@9D6AF
A6I;AF;D5IL;J6779:;JL6B;Q9J9:N;A6I;S;D5AJ=;D6AF;67J=;@=;859;
Q9J9:
?=;Q657=;AF;H6:;RACC9:;JL6B;D9IAH9N;?=;Q657=;S;D5AJ=;D6A=:;
859;D9IAH9
|L9;J9FJ;6F;<:9JJ;96FN;O;<:=P6;9FJ6P6;5D;J6BJ=;HYIA7

=I5>?=;O@P9:RA67;@9;xWPA@6V;P9:;7A97E;<:=P6P97D9BJ9N
dgldf <u{bnvtihf ubf nbylrgtif imitrf iruf imitref
nbsbatuijbrabfui3fv3fui3efutififutifb{bn3fdabnfui3efutifktjefutif
rdfinuh3fb{bnefninijbrabfb{bn3frdfirufabrefdrgbftrfifthbef
ubfylirudfbjfylirudfbag
dgldf<u{bnvtihfubfrabrktuiubfiafjdkaefrdfjoctjdfhtaahbf
v3fhtaahbefsdlgdfifsdlgdfjdnbfdnfhbkkefjitkfdlfjbrdkfrbcafadf
rdatrmefylikbfriuifdrfabfdhbefidfadudfadfifgbnaitrfbcabraefiawf
gbnadfsdradfadfifmnbiafbcabraefbjfmnirubfsinabfbag
dgldf<u{bnvtihfubflminiafdjbefbjfgikifiafabfkbiktubef
fvbtnijinfqinfirufrbinefsdnfaduifsinabfdrfvdinuefifvdnudfdrf
kdnbefbjfabnnifpnjbfadfirufqndjefsinifhofbfsinifgofbag
dgldf<u{bnvtihfubf dudfinjftrfinjefubfvnidkfuiudkf
iafnirudjefidfigikdfqitnh3fbhhefnidi{bhjbrabfiruftrfiruefubf
jdkfuiuikfbiufd{bnfbbhkefubfgivbifsinifvitcdfzlkafkdefikktjf
jbkjdfrbgfirufrbgefbjsinbhiudkfdrfgnbutaefifgnwutad
=I5>?=;O@P9:RA67;@9;[9C6>?=V;R;B=;D96BFE;@9;D6B9A:6;
ihmljiftrfrdfgikbefbjftsabkbfihmljifrdrbfdqfaiaefriuifutkkdf
rdafiafihhefivkdhlaijbrabfbag
dgldf<u{bnvtihfubfbjsdfihhfdqfifkluubrefklvtaijbrabfiaf
pnkaefifsntrgstdfiafsnbkbraefialihjbrabfiafdrgbeftjbutiaijbrabf
qndjfrdfdrefudni{irabefuiyltfbjfutirabftrfiqabnf3binkefbjfirdkf
{trudlndkfkddrbnfdnfhiabefjitkfgbudfdlfjitkfainubflsfadfrdefiawf
imdniftrfifztqq3eftrfifantgbeftrfifatrhtrmfdqfirfb3beftrfadfkibkf
=H;6;@=CF;J6A7E;AB;J=;JAIFE;9D;5D;D=D9BJ=E;B5D;6R:A:;9;H9IL6:;
ubfdhdkfbag
\ 6AF;9M9D<7=FV
L9;L6F;7AP9@;=B;JL9;AF76B@;677;L9:;7AH9N;T76;PAP95;B6;A7L6;6;
PA@6;J=@6
L9;J69F;JL9;R=6J;9P9:;@6NT76;<9C6;=;R6:I=;J=@=F;=F;@A6F
X9;6J9;J==;D5IL;6B@;H97J;FAIN;>hbfgdjblfbjfbcgbkkdfbfpgdlf
9BG=6@=
;7A9;FJ5@ABC;TBC7AFL;P9:;D5ILN;=FJ=;D5AJ=;@9;9FJ5@6:;
rmhk
ONQQNQ$$POPNQ$N$QQN$+NQ/$

ED6;I=BG5B>?=;S;5D6;<676P:6;=5;C:5<=;@9;<676P:6F;7=I5>9F;
I=BG5BJAP6F;=5;7=I5>9F;6@P9:RA6AF;859;G5BJ6D;@56F;<6:J9F;@9;5D6;
F9BJ9B>6;=5;859;5B9D;5D6;I7Y5F576;@9<9B@9BJ9;F5R=:@AB6@6;6;
5D6;I7Y5F576;<:ABIA<67N;OF;I=BG5B>9F;65MA7A6D;B6;I=9F?=;J9MJ567E;
C6:6BJAB@=;6;ABJ9:7AC6>?=;@9;A@9A6FN

x56F;=5;D6AF;<676P:6F;<=@9D;F9:;5F6@6F;9D;I=BG5BJ=E;
H=:D6B@=E;6FFADE6F;=I5>9F;O@P9:RA6AFE;I=D=V

rtgtihjbrabefsdubjdkfgdrktubninfikfgdrzlrbkfkdvfankf
6F<9IJ=F;RYFAI=FV

dgldf<u{bnvtihfubf<pnjidfv3fihhfjbirkefgbnaijbrabf
trfqigaefubfqiadefrif{bnuiubfrdfudlvaefkbjfu{tuifdqfgdlnkbefgdjf
gbnabiefgbnaijbrabefrialnihjbrabfbag

K=BG5B>9F;<=@9D;F9:;6<9B6F;5D6;<676P:6V
OB@E;R5JE;R9I65F9E;67JL=5CLE;=:E;B=:E;H=:E;9JE;F=E;FABI9E;5B79FFE;
L=9P9:E;JL=5CLN

_


K=BG5B>9F;<=@9D;F9:;I=D<=FJ6F;@9;D6AF;@9;5D6;<676P:6V
Q:=PA@9@;JL6JE;6F;7=BC;6FE;AB;=:@9:;J=E;AB;F<AJ9;=HN

K=BG5B>9F;<=@9D;F9:;I=::976JAP6FE;I9:I6B@=;5D;6@PS:RA=;
=5;6@G9JAP=V
=NNN;JL6JE;B9AJL9: ;B=:N

9
=5
|L9

O7SD;@AFF=E;6F;I=BG5B>9F;<=@9D;9M<:9FF6:;@AP9:F=F;JA<=F;@9;
A@9A6FV
K|9D<=V;6HJ9:E;6FE;LA79E;L9BE;R9H=:9E;5BJA7E;JA77E;B9MJE;
jbirthbefprihh3
KOI:SFIAD=;@9;A@9A6FV;6B@E;67F=E;H5:JL9:D=:9E;6F;977;6FE;AB;
=JL9:;=:@FE;AB;6@@AJA=B;J=E;R9FA@9FE;D=:9=P9:E;R=JLNNN6B@E;B=J;
=B7NNN;R5J;67F=N
KO7J9:B6JAP6V;=:E;9AJL9:NNN;=:N
K[9C6>?=V;B9AJL9:NNN;B=:N
K=B@A>?=V;AHE;6F;7=BC;6FE;<:=PA@9@;JL6JE;5B79FFE;L9JL9:N
K65F6;=5;:6]?=V;6FE;R9I65F9E;FABI9E;H=:N
drkbylrgtifdlfnbklhaiudfkdefabnbqdnbefabrefiggdnutrmh3ef
JL5FE;H=:;JLAF;:96F=BE;6F;6;:9F57J;=HE;I=BF9859BJ7E;L9BI9N
KAB67A@6@9;=5;<:=<`FAJ=V;F=;JL6JE;F=N
K\ =@=V;6FE;6F;AHE;6F;JL=5CLN
K=BJ:6FJ9V;67JL=5CLE;ABFJ96@;=HE;:6JL9:;JL6BE;JL=5CLE;R5JE;9JE;
9P9B;JL=5CLE;L=9P9:E;AB;F<AJ9;=H;JL6JE;B9P9:JL979FFE;L9:96FE;
LA79E;=B;JL9;=JL9:;L6B@N
K=D<6:6>?=V;7A9E;67A9E;7A9AF9E;I=::9F<=B@ABC7E;FADA76:7E;
AB;JL9;F6D9;6E;AB;JLAF;D6BB9:N
A6IAA77;9BJ;J=;JL9;D=5BJ6ABFN
|L9;6J9:;6F;6:DES;@A@BJ;9BJ9:N
;9BJ;FADDABC56/2,6AJ;6F;I=7@N
D5FFA6;AF;6;R965JAH57;I=5BJ:N;JF;P9:;I=7@E;6/2,6N
;@=BJ;I6:9;L6J;=5;@A@;(;=5;7=P9;D9N
X9;AF;;FJ:=BC;6fvndbfabfvntgftaftkfpka
XY;@=AF;JA<=F;@9;<:=B=D9F;<9FF=6AFV;F5G9AJ=F;9;=RG9J=FN

95
{dg
979
976

EF
=5
|L9D

skfsndrdjbkfsbkkditkfklzbtadkf{jfirabkfudf{bnvdefgdjdf
F5G9AJ=;@6;H:6F9N
skfsndrdjbkfsbkkditkfdvzbadkf{jfubsdtkfubf{bnvdfdlfubf
<:9<=FA>?=N
TM9D<7=FV
6;7=P9F;64 6;7=JN
0;F6;6H;6J;JL9;<6:J;9FJ9:@6N
;6:9;C=ABC;J=;D99J;64 ;AB;H:=BJ;=H;JL9;FJ6@A5DN
o6;6AJ9@;;H=:;J=;L=5:FN
6B;;F9B@;JLAF;9KD6A7;* E;<796F9
XY; @=AF; JA<=F; @9; <:=B=D9F; <=FF9FFAP=FV; 6@G9JAP=F; 9;
F5RFJ6BJAP=FN
NN$
NN$
&PN

\
jblkjtrik
\ AB9
=5:
kblkli
=5:F
XAF
@979
XAF
X9:
@976
X9:F
ubhbubhifgdtkikfdlf
JF
JF
6BAD6AF
Z5:
rdkkdkfrdkkik
Z5:F
=5:
kblkklik
=5:F
|L9A:
ubhbkubhik
|L9A:F

TM9D<7=FV
A@;AF;<76ABC;AJL;6HNsfphdf(;9FJY;R:ABI6B@=;I=D;
=;(
D=JL9:;7A9F;<A]]6N;1;D?9;C=FJ6;@9;<A]]6
H:A9B@F;9BJ;J=;JL9;I75R;AJL;N; ;6DAC=F;H=:6D;
6=;I75R9;I=D;=F;
xA@;=5;<:9H9:;6<:9F9BJ6JA=B;=:;6H;Rdgfsnbqbntlfif
6<:9F9BJ6>?=;(;=5;6;(

Q:=B=D9FV

&PN

ZF;<:=B=D9F;<=FF9FFAP=F;6@G9JAP=F* ';6I=D<6BL6D;5D;

F5RFJ6BJAP=N
ZF;<:=B=D9F;<=FF9FFAP=F;F5RFJ6BJAP=F;:9@5]9D;6;H:6F9;
F5RFJAJ5AB@=;=;<:=B=D9;<=FF9FFAP=;6@G9JAP=;9;=;F5RFJ6BJAP=;859;
979;6I=D<6BL6N

TM9D<7=FV

NN$QQNPO$
"N

=5
X9
L9

bhbbhifsinifgdtkikf
=5;6BAD6AF
B`F
{dgk
bhbkbhik

NN$QQNPO$
N
\9
=5
XAD
X9:

ndrdjbkfnb?bct{dk
skfndrdjbkfb?bct{dkfkdflkiudkfylirudfifidfudf{bnvdf
nbgitfkdvnbfdfsnsntdfklzbtadf<kktjefdfsndrdjbfnb?bct{df{bjfhdmdf
6<`F;=;P9:R=;9;I=BI=:@6;I=D;=;F5G9AJ=N;T79F;F9;I6:6IJ9:A]6D;<976F;
J9:DAB6>9F;K;B6F;<9FF=6F;@=;FABC576:;9;K;B6F;<9FF=6F;
@=;<75:67N
`


=57@;=5;7A9;F=D9;I=HH99
x=;=5;B99@;F=D9;L97<;AJL;=5:;L=D9=:

U6;DAD;D9FD=E;KD9
Uifatefif{dgfjbkjdiefabekb
6;FAE;6;979;D9FD=E;KF9
6;FAE;6;976;D9FD6E;KF9
ifktfjbkjdiefkbf12sinifgdtkikfdlfirtjitk
ifrkfjbkjdkikefrdk
Uif{kefif{dgkfjbkjdkikef{dkekb
6;FAE;6;979F;D9FD=FE;6;976F;D9FD6FE;KF9
TM9D<7=FV

:U;9;F95F;@9:AP6@=F;J6DRSD;<=@9D;F9:;5F6@=F;9D;H:6F9F;
ipnjiat{ikfylirudfbcsnbkkijfbbbb
V
OB=B9;I6B;FABC;7A9;JL6JN
=5;I6B;@:AB;6BJLABC;=5;6BJE;ZB
6F=F;9F<9IA6AFV

6;AF;7==ABC;6J;6H5G;AB;JL9;DA::=:N
;L5:J;64 5G;AJL;6;BAH9N
sfndrdjbfb?bct{dfaijvwjfwfbjsnbmiudfgbnaikf{bbkf
sinifuinfrqikbffsbkkdifylbfsniatgififidfutbrudfylbfbhbfjbkjdf
<=:;FA;F`;<:6JAI=5;J67;6>?=N;Q6:6;J6BJ=E;<=@9D=F;<=FAIA=BYK7=;7=C=;
iskfdfklzbtadfdlfrdfpjfuifqnikbfRbzi
6:7=F;LADF97H;@A@;JL9;L=D9=:N;0;Z;<:`<:A=;6:7=F;H9];6;
J6:9H6N
\ 6:A7B;L9:F97H;:=J9;JL6J;D9FF6C9N;0;O;<:`<:A6;\ 6:A7B;
9FI:9P95;685976;D9BF6C9DN
skf ndrdjbkf b?bct{dkf sdubjf kbnf snbgbutudkf sbhif
<:9<=FA>?=;TU[9FF9;I6F=E;@?=;=;F9BJA@=;@9;859;67C5SD;H9];67C=;
F=]ABL=E;F9D;6G5@6;=5;I=D<6BLA6;@9;BABC5SDN;TM9D<7=V
=tuf3dlfmdfadfabfsina3fv3f3dlnkbhqf12fRdgfqdtffqbkaif
F=]ABL=
|L6J;=7@;D6B;6BJF;J=;7AP9;R;LADF97HN;0;O85979;F9BL=:;859:;
PAP9:;F=]ABL=N
ndrdjbkftrubprtudk
skfsntrgtsitkfsndrdjbkftrubprtudkfkdfEU;9;=5J:=FV;
eUN;x9<9B@9B@=;@6;H:6F9E;979F;<=@9D;F9:;J:6@5]A@=F;I=D=;
67C5D6E;B9BL5D6N;O7SD;@AFF=E;9MAFJ9D;J6DRSD;=F;g
;859;F?=;<676P:6F;@9:AP6@6F;@9;E;U;
9;9;859;F?=;5JA7A]6@6F;B6F;D9FD6F;IA:I5BFJUBIA6F;C:6D6JAI6AFN;
}9G6D=F;=;5F=;C9:67V
$PQQ$

;L6P9;F=D9;
D=B9N

$PQQ$
$PQQ$

;@=;B99@;6B; x=;=5;B99@;6B;
L97<
D=B9
xA@;=5;C=;
;9BJ;F=D9L9:9;
;@A@;C=;
6BL9:
9;76FJ;
H6BJ6FJAIN
6BL9:9N
BACLJ
;B99@;F=D9R=@;
;@A@;F99;
J=;7=P9N
6BR=@;FJ:6BC9N
L9;D9J;F=D9=B9; ;@=;B=;
F<9IA67N
6B=B9;B96:;L9:9N
;L6P9;F=D9JLABC;
;@A@;@=;
R6@;J=;F6N
6BJLABC;JL9:9N

iradfdfsndrdjbftrubprtudfU;856BJ=;F95F;@9:AP6@=F;
sdubjfkbnflathtiudkfylirudfdf{bnvdfbkat{bnfrifqdnjifipnjiat{if
9;6;H:6F9;I=BJAP9:;67C5DJ9:D=;@9;F9BJA@=;B9C6JAP=;I=D=;6;<676P:6;
N;}9G6V
X9;B9P9:;R5F;6B;H:5AJN;T79;B5BI6;I=D<:6;H:5J6;B9BL5D6
;B9P9:;L6@;6BJLABC;J=;I=D<76AB;6R=5J;LADN;T5;B5BI6;JAP9;
B6@6;<6:6;:9I76D6:@979
L9;B9P9:;D9J;ir3vdu3ir3drb;F<9IA67N;T76;B5BI6;I=BL9I95;
BABC5SD;9F<9IA67
=5;B9P9:;J69;D9;6BL9:9;ABJ9:9FJABCN;}=I;B5BI6;D9;79P6;
6;B9BL5D;75C6:;ABJ9:9FF6BJ9
iradfdfsndrdjbftrubprtudf;856BJ=;F95F;@9:AP6@=F;
sdubjfkbnflathtiudkfylirudfdf{bnvdfbkat{bnfrifqdnjifipnjiat{i
OH:6F9B?=;<=@9;I=BJ9:;B9BL5D6;=5J:6;<676P:6;@9;F9BJA@=;B9C6JAP=V
;L6P9;B=;A@96;J=;CAP9;=5N[?=;J9BL=;B9BL5D6;A@9A6;<6:6;J9;
@6:
;L6P9;B=JLABC;J=;@=;J=@6N[?=;J9BL=;B6@6;<6:6;H6]9:;L=G9
;L6P9;B=L9:9;J=;C=;=B;D;P6I6JA=BN;[?=;J9BL=;B9BL5D;
75C6:;<6:6;A:;@5:6BJ9;DABL6F;HS:A6F
rdfdrbrdvdu3firakfadfdnftrfabfdhtui3f[ABC5SD;859:;
J:6R67L6:;B=;H9:A6@=
skfsndrdjbkftrubprtudkfsdubjfialinfgdjdfklvkairat{dkf
trubprtabfsndrdlrkefylirudfdkfklvkatalbjefdlfsdubjfialinf
gdjdfiuzbat{dkftrubprtabfiuzbgat{bkefylirudfylihtpgijfdkf
F5RFJ6BJAP=FN;Q=:J6BJ=E;F9:?=;6F;D9FD6F;<676P:6FE;D6F;PAFJ6F;9D;
H5B>9F;@AH9:9BJ9FN;\ 6AF;;H:9BJ9E;B=;9FJ5@=;6I9:I6;@=F;6@G9JAP=FE;
<=@9:9D=F;=RF9:PYK7=F;D97L=:;B6;H5B>?=;6@G9JAP6N
Q:=B=D9F;ABJ9::=C6JAP=FV
ZF;Q:=B=D9F;BJ9::=C6JAP=FE;=5E;F?=;5JA7A]6@=F;
<6:6;=RJ9:D=F;ABH=:D6>9F;jitkfbksbgpgikfifnbksbtadfubfihmdfdlf
67C5SDN;OF;<9:C5BJ6F;H=:D576@6F;I=D;979F;F?=;I=BL9IA@6F;<=:;
4b;<=:859;J=@=F;=F;<:=B=D9F;ABJ9::=C6JAP=F;<=FF59D;
6F;79J:6F;N;[6;C:6B@9;D6A=:A6;@6F;P9]9FE;=F;BJ9::=C6JAP=F;F?=;
<=FAIA=B6@=F;6BJ9F;@9;P9:R=F;65MA7A6:9F;=5;D=@6AFE;B=;ABIA=;@9;
qnikbkRijdkfgdjsnbbruhdkfubaihiuijbrabfifkbmltn

6F;6BR=@;
I:ABC;L9:9
A77;=5;D99J;
6B=B9;JL9:9
x=;=5;L6P9;
6BJLABC;J=;F6

>jfgikdkfjitkfbksbgpgdkefsdubjdkflkinf;9;F95F;
@9:AP6@=F;J6DRSD;9D;<9:C5BJ6F;856B@=;F9;@9F9G6;=5;F9;9F<9:6;
ljifnbksdkaifipnjiat{ifbfaijvwjfylirudfkbfdqbnbgbfihmd


dfflbj
L=;AF;JL6J;CA:7;459D;S;685976;C6:=J6
dfinnt{bufpnkaftrfabfnigbf459D;IL9C=5;<:AD9A:=;B6;
I=::A@6


djfflbjfjitkfqdnjihefmbnihjbrabfirabgbutudfubf
<:9<=FA>?=V
AJL;L=D;@A@;=5;C=;J=;JL9;<6:;djfylbjf{dgfqdtfidf
<6:859
|=;L=D;9:9;=5;F<96ABC;76FJ;BACLJ;djfylbjf{dgf
9FJ6P6;H676B@=;=BJ9D;;B=AJ9
dkbff=bfylbj
L=F9;<9B;AF;JLAF;x9;859D;S;9FJ6;I6B9J6
L=F9;D6BFA=B;AF;JL6J;x9;859D;S;685976;D6BF?=
tgfflihefylitkflkiudfsinifylbkabkfgdjfdsbkf
7ADAJ6@6F;@9;:9F<=FJ6V
LAIL;=H;JL=F9;CA:7F;AF;=5:;FAFJ9:;4567;@685976F;D9BAB6F;S;
6;F56;A:D?
LAIL;I=7=:;@=;=5;<:9H9:V;977=;=:;R759;lihfgdnf{dgf
<:9H9:9V;6D6:97=;=5;6]57
iaffsfylbefylbefylihflkiudfsinifylbkabkfgdjf
=<>9F;D6AF;6D<76F;@9;:9F<=FJ6V
L6J;JAD9;AF;AJ;B=;459;L=:6F;F?=;6C=:6
L6J;6:9;=5;@=ABC;L9:9;sfylbf{dgfbkaofqibrudfiylt
bnbffsrub
L9:9fudf3dlfdnfsrubf{dgfanivihi
L9:9;@=;=5:;A@F;FJ5@;srubfkblkfphdkfbkaluij
3ffdnfylb
Lfutuf3dlfgn3fdnfylbf{dgfgdndl
L;6:9;=5;76J9;H=:;I76FF;dnfylbf{dgfbkaofianikiudfsinif
6;6576
brfflirud
L9B;@A@;JL9;D=P9;456B@=;979F;F9;D5@6:6D
L9B;@A@;=5;J:6P97;J=;T5:=<9;lirudf{dgf{tizdlfsinifif
T5:=<6
TMAFJ9D; @AP9:F6F; H=:D6F; I=D<=FJ6F; @=F; <:=B=D9F;
ABJ9::=C6JAP=FN;Q=@9D=F;G5BJ6:;=5J:6F;<676P:6F;6;979F;6BJ9F;@=F;
{bnvdkfilcthtinbkefsinifbksbgtpginfihmljiftrqdnjidfRbzi
60J-0/G4 /f3dlfhtbflbfatsdfubfphjbkf{dgf
C=FJ6
60/Hf3dlfsnigatgbflbfbksdnabkf{dgfsniatgi
60/..H04 ;=5;6;H6B;=H;Q6:6;859;JAD9;@9;H5J9R=7;
{dgfadngb

;=5;C=;J=;JL9;CD;djfylbfqnbylrgtif{dgf
P6A;;6I6@9DA6

(;JL9;OD6]=B;:AP9:;4567;=;I=D<:AD9BJ=;@=;:A=;
OD6]=B6F
/K04 2.6;JLAF;B9F<6<9:;I=FJ;456BJ=;I5FJ6;9FJ9;
G=:B67
/K04 -0H/6H;=5;L6P9;liradkftnjdkf{dgf
J9D

f3dlfiafabrrtkfsfyliradf{dgfwfvdjfbjfartk

(f3dlfliradkfirdkf{dgfabj

;?=;Q657=;H:=D;DA=;4567;6;@AFJUBIA6;9BJ:9;?=;
Q657=;9;DA=


';JLAF;:AP9:;45?=;<:=H5B@=;S;9FJ9;:A=
456B@=;5D6;<9:C5BJ6;859FJA=B6;F=R:9;=;F5G9AJ=;@6;=:6>?=E;
B?=;F9;5F6;P9:R=;65MA7A6:N;OFFADE;=;<:=B=D9;ABJ9::=C6JAP=;
ABAIA6;6;<9:C5BJ6;F9C5A@=;@6F;=5J:6F;<676P:6F;B6;=:@9D;
ipnjiat{ifZRF9:P9V
L=;B=F;459D;F6R9
L6J;L6<<9B9@;Z;859;6I=BJ9I95
L=;7A9F;J=;96J;P9C9J6R79F;459D;C=FJ6;@9;I=D9:;P9C9J6AF
L6J;R:=9;JL9;AB@=;Z;859;859R:=5;6;G6B976
L=;F<96F;TBC7AFL;AB;JLAF;:==D;lbjfqihiftrmhkfrbkaif
F676
L;C=;B=;Q=:;859;A:;6C=:6
X=;D6B;<9=<79;F5:PAP9@;JL9;6IIA@9BJ;456BJ6F;<9FF=6F;
F=R:9PAP9:6D;6=;6IA@9BJ9
tgfgijbfpnkafabfbmmfdnfabfgtgbr
TD;D5AJ=F;I6F=FE;6F;<9:C5BJ6F;Fdfprihtiuikfsdnfsnbsdktbkf
859;I=D<79D9BJ6D;F95;F9BJA@=V
L9:9;6:9;=5;* f=bfdrubf{dgfw
L6J;AF;=5:;IAJ;( L;=D=;S;6;F56;IA@6@9
L=;@A@;=5;<76 fdranifylbjf{dgfzdmdl
L9:9;@A@;=5;F9B@;JL9;79JJ9:;inifdrubf{dgfbr{tdlfif
I6:J6
L6J;AF;JLAF;;Q6:6;859;S;AFJ=
Q:=B=D9F;:976JAP=FV
ZF;01fkdflkiudkfylirudfylbnbjdkftubratpginf
dlfiutgtdrinfihmlwjfdlfihmljifgdtkifbjfljifdnidfylirudf
859:9D=F;ABH=:D6>9F;859;I=D<79D9BJ9D;6;=:6>?=;6BJ9:A=:N;
Q=@9D=F;J6DRSD;@A]9:;859;=F;<:=B=D9F;:976JAP=F;5B9D;@56F;
=:6>9FE;9FJ6R979I9B@=;5D6;^:976>?=_;9BJ:9;976FN;Q=:;AFF=E;F?=;
IL6D6@=F;^:976JAP=F_N
uN; L=;859DE;859V;5F6@=;<6:6;<9FF=6FN
BH=:D6>9F;6;F9:9D;5BA@6FV;|L6J;AF;JL9;CA:7N;L9;C6P9;6;AFFN
|L6J;AF;JL9;CA:7;K6/;C6P9;D9;6;AFFN;O85976;S;6;C6:=J6;859;
D9;@95;5D;R9AG=
vN; L=D;859E;859DE=;8567E;6;8567V;5F6@=;<6:6;<9FF=6FE;
B=:D67D9BJ9;6<`F;<:9<=FA>?=N;=:D67N
BH=:D6>9F;6;F9:9D;5BA@6FV; 9;B99@;J=;J67;J=;F=D9=B9N;|L9;
D6B6C9:;AF;JL9;=B9N
|L9;D6B6C9:;AF;JL9;=B9;K6/4 ;9;B99@;J=;J67N;Z;C9:9BJ9;S;
685979;I=D;859D;<:9IAF6D=F;H676:
yN; LAIL;859V;5F6@=;<6:6;I=AF6F;9;6BAD6AFN
rqdnjibkfifkbnbjflrtuikffiagbufifphjfbfphjfikf
H6BJ6FJAIN
bfphjfK6.6;;6JIL9@;6F;H6BJ6FJAIN;sfphjbfylbfblf
6FFAFJA;H=A;H6BJYFJAI=
yN; L9:9;=B@9E;9D;859E;B=;8567E;B6;8567V;:9H9:9KF9;6;75C6:9FN


BH=:D6>9F;6;F9:9D;5BA@6FV;;FJ69@;AB;6;L=J97N;|L9;L=J97;6F;
P9:;9M<9BFAP9N
|L9;L=J97;K6H;;FJ69@;6F;P9:;9M<9BFAP9N;Z;L=J97;=B@9;
blfpylbtfbnifjltadfgind
N; L=F9;I5G=E;I5G6E;@9;859DV;5F6@=;<6:6;AB@AI6:;<=FF9N
BH=:D6>9F;6;F9:9D;5BA@6FV;|LAF;AF;JL9;R=N;|L9;R=F;H6JL9:;
AF;D;R=FFN
|LAF;AF;JL9;R=;K6/;H6JL9:;AF;D;R=FFN;TFJ9;S;=;C6:=J=;I5G=;
<6A;S;D95;<6J:?=

<u{wnvtdkf ubf dudf igat{bh3ef iat{ijbrabf ndrmh3ef

bnndrbijbrabfviuh3efjihfqitaqlhh3efpbhjbrabfqikaefnistuijbrabf
mhiuh3efihbmnbjbrabfyltgh3efnistuijbrabfktjsh3efktjshbkjbrabf
kabiuth3efpnjbjbrabfanlh3e{bnuiubtnijbrabfbhhefvbjfbag
O@PS:RA=F;@9;[9C6>?=V;B=E;B=JE;B?=N
<u{wnvtdkfubfsnubjfpnkah3efsntjbtnijbrabfkbgdruh3efbjf
kbmlrudfhlminfatnuh3efbjfabngbtndfhlminfbag

~fiafylbfaih{bfkbzifdfjitkflkiudfbqbnbkbfifgdtkikfbf
<9FF=6FN;Q=@9;F5RFJAJ5A:;;9;N

<u{wnvtdkfubfbjsdfihnbiu3efzofihi3kefkbjsnbfbinh3efgbudf
tjjbutiabh3eftjbutiaijbrabfhiabefainubfhiabh3eflhatjijbrabf
rb{bnefrlrgifrdefimdnifkddrefbjfvnb{befvnb{bjbrabfkathhef
itruifabrefbradfadui3efdzbfadjdnndefijirfbrefylirudf
3bkabnui3efdrabjfbag

BH=:D6>9F;6;F9:9D;5BA@6FV;;F6;6;7AJJ79;CA:7N;;F6;JL9;7AJJ79;
CA:7;6;DAB5J9;6C=N
L9:9;AF;JL9;7AJJ79;CA:7;6;;F6;6;DAB5J9;6C=

<u{wnvtdkfrabnndmiat{dkfdefgdjdfbrefylirudfbnbef
drubf3efsdnfylbfbag
O7C5BF;9M9D<7=FV

O@PS:RA=FV
<u{wnvtdkfkdfsihi{nikfylbfjdutpgij

ED;P9:R=;X9;6J9;F7=7N;;T79;I=D95;79BJ6D9BJ9;K;
=D=;979;I=D95
ED;6@G9JAP=;X9;@:=P9;6;P9:;F7=;I6:N;;T79;<A7=J=5;5D;
I6::=;D5AJ=;79BJ=K;=D=;9:6;6;:6<A@9];@=;I6::=
Z5J:=;6@PS:RA=;L9;679@;85AJ9;F7=7;@=B;JL9;6AF79N;
;T76;6B@=5;R9D;79BJ6D9BJ9;<97=;I=::9@=:K;=D;859;79BJA@?=;976;
6B@=5
O@PS:RA=F;H:9859BJ9D9BJ9;B=F;@A]9D;856B@=E;=B@9E;<=:;859E;
=5;9D;856AF;I=B@A>9F;67C5D6;I=AF6;6I=BJ9I9;=5;6I=BJ9I95N
skfiu{wnvtdkfkdfmbnihjbrabfghikktpgiudkfbj
<u{wnvtdkfubf<pnjidfgbnaitrh3efgbnaijbrabftrubbuefkbjf
u{tuifdv{tdlkh3efdv{tijbrabf3bkefktjfklnbh3efgbnaijbrabfbag
<u{wnvtdkfubf={tuifji3vbefsdkkt{bhjbrabfsbniskefaih{bf
sdkktvh3efsdkkt{bhjbrabfbag
<u{wnvtdkf ubf nbylrgtif uith3ef utintijbrabf jdrah3ef
jbrkihjbrabf dggiktdrihh3ef dgiktdrihjbrabf dqabrqnbylbrah3ef
qnbylbrabjbrabf3binh3efirlihjbrabfkbhudjninbh3efninijbrabf
bbh3efkbjirihjbrabfihi3kefkbjsnbfrb{bnefrlrgifkdjbatjbkef
kf{bbkfinuh3fb{bnefylikbfrlrgiefninijbrabflklihh3mbrbnihh3ef
mbnihjbrabfbag

L9;D=P9@;F7=7;6B@;F<=9;85A9J7NT76;F9;D=P95;79BJ6D9BJ9;
9;H67=5;F5FF5::6B@=
L9;FJA77;7AP9F;JL9:9;B=NT76;6AB@6;D=:6;7Y;6C=:6
JF;FJ6:JABC;J=;C9J;@6:;B=N>kaofgdjbirudfifpginfbkglndf
6C=:6
bfprtkbufbnfabifpnkaNQ:AD9A:6D9BJ9;976;J9:DAB=5;F95;ILY
L9;79HJ;96:7N;T76;F6A5;I9@=
ZFI6:;AF;6;P9:;R:ACLJ;D6BN;ZFI6:;S;5D;L=D9D;D5AJ=;
R:A7L6BJ9
|L9;ILA7@:9B;R9L6P9@;P9:;R6@7N;OF;I:A6B>6F;F9;I=D<=:J6:6D;
D5AJ=;D67
|LAF;6<6:JD9BJ;AFJ==;FD677;H=:;5FN;TFF9;6<6:J6D9BJ=;S;
<9859B=;@9D6AF;<6:6;B`F
|L9;I=HH99;AF;J==;F99JN;Z;I6HS;9FJY;@=I9;@9D6AF
A6I;AF;D5IL;J6779:;JL6B;Q9J9:N;A6I;S;D5AJ=;D6AF;67J=;@=;859;
Q9J9:
?=;Q657=;AF;H6:;RACC9:;JL6B;D9IAH9N;?=;Q657=;S;D5AJ=;D6A=:;
859;D9IAH9
|L9;J9FJ;6F;<:9JJ;96FN;O;<:=P6;9FJ6P6;5D;J6BJ=;HYIA7
x56F;=5;D6AF;<676P:6F;<=@9D;F9:;5F6@6F;9D;I=BG5BJ=E;
H=:D6B@=E;6FFADE6F;=I5>9F;O@P9:RA6AFE;I=D=V
dgldf<u{bnvtihfubf<pnjidfv3fihhfjbirkefgbnaijbrabf
trfqigaefubfqiadefrif{bnuiubfrdfudlvaefkbjfu{tuifdqfgdlnkbefgdjf
gbnabiefgbnaijbrabefrialnihjbrabfbag

<u{wnvtdkf ubf rabrktuiubf gdjshbabh3ef gdjshbaijbrabf

brdlmefklpgtbrabjbrabefvikairabfbratnbh3eftrabtnijbrabfjlgef
jltadfrbinh3efylikbefisndctjiuijbrabfsnbaa3efvikairabfyltabef
gdjshbaijbrabf khtmah3ef htmbtnijbrabf bylihh3ef tmlihjbrabf
bcigah3ef bciaijbrabf mnbiah3ef mnirubjbrabf {bn3ef jltadf
klqpgtbrah3efklpgtbrabjbrabfaddefjltadefubjiktiuijbrabfhinmbh3ef
mnirubjbrabfhtaahbefsdlgdfjbnbh3efjbnijbrabfbag

dgldf <u{bnvtihf ubf nbylrgtif imitrf iruf imitref

nbsbatuijbrabfui3fv3fui3efutififutifb{bn3fdabnfui3efutifktjefutif
rdfinuh3fb{bnefninijbrabfb{bn3frdfirufabrefdrgbftrfifthbef
ubfylirudfbjfylirudfbag

<u{wnvtdkfubflminfir3bnbefbjfylihylbnfhlminfindlruefidf
nbudnfvbhdefivitcdfb{bn3bnbefbjfadudhlminfqinefhdrmbfbnbef
iyltfrbinefsbnadfrdbnbebjfrbrljfhlminfabnbefhofbnbef
drubfbag

dgldf<u{bnvtihfubfrabrktuiubfiafjdkaefrdfjoctjdfhtaahbf
v3fhtaahbefsdlgdfifsdlgdfjdnbfdnfhbkkefjitkfdlfjbrdkfrbcafadf
rdatrmefylikbfriuifdrfabfdhbefidfadudfadfifgbnaitrfbcabraefiawf
gbnadfsdradfadfifmnbiafbcabraefbjfmnirubfsinabfbag

=I5>?=;O@P9:RA67;@9;xWPA@6V;P9:;7A97E;<:=P6P97D9BJ9N


dgldf<u{bnvtihfubflminiafdjbefbjfgikifiafabfkbiktubef
fvbtnijinfqinfirufrbinefsdnfaduifsinabfdrfvdinuefifvdnudfdrf
kdnbefbjfabnnifpnjbfadfirufqndjefsinifhofbfsinifgofbag
dgldf<u{bnvtihfubf dudfinjftrfinjefubfvnidkfuiudkf
iafnirudjefidfigikdfqitnh3fbhhefnidi{bhjbrabfiruftrfiruefubf
jdkfuiuikfbiufd{bnfbbhkefubfgivbifsinifvitcdfzlkafkdefikktjf
jbkjdfrbgfirufrbgefbjsinbhiudkfdrfgnbutaefifgnwutad
=I5>?=;O@P9:RA67;@9;[9C6>?=V;R;B=;D96BFE;@9;D6B9A:6;
ihmljiftrfrdfgikbefbjftsabkbfihmljifrdrbfdqfaiaefriuifutkkdf
rdafiafihhefivkdhlaijbrabfbag
dgldf<u{bnvtihfubfbjsdfihhfdqfifkluubrefklvtaijbrabfiaf
pnkaefifsntrgstdfiafsnbkbraefialihjbrabfiafdrgbeftjbutiaijbrabf
qndjfrdfdrefudni{irabefuiyltfbjfutirabftrfiqabnf3binkefbjfirdkf
{trudlndkfkddrbnfdnfhiabefjitkfgbudfdlfjitkfainubflsfadfrdefiawf
imdniftrfifztqq3eftrfifantgbeftrfifatrhtrmfdqfirfb3beftrfadfkibkf
=H;6;@=CF;J6A7E;AB;J=;JAIFE;9D;5D;D=D9BJ=E;B5D;6R:A:;9;H9IL6:;
ubfdhdkfbag
\ 6AF;9M9D<7=FV
L9;L6F;7AP9@;=B;JL9;AF76B@;677;L9:;7AH9N;T76;PAP95;B6;A7L6;6;
PA@6;J=@6
L9;J69F;JL9;R=6J;9P9:;@6NT76;<9C6;=;R6:I=;J=@=F;=F;@A6F
X9;6J9;J==;D5IL;6B@;H97J;FAIN;>hbfgdjblfbjfbcgbkkdfbfpgdlf
9BG=6@=
;7A9;FJ5@ABC;TBC7AFL;P9:;D5ILN;=FJ=;D5AJ=;@9;9FJ5@6:;
rmhk
2 "&3 "
xuK;\ 6:859;6;67J9:B6JAP6;859;<:99BIL9;I=::9J6D9BJ9;6;76I5B6;
@6;H:6F9V;9;85A9JE;<796F9;=D9=B9;44444;5<FJ6A:FN;;I6B;L96:;JL9;
FJ9<F;@AFJABIJ7N
6;A77;67
R;679@
I;L6F;679@
@;67F
9;67ABC
xvK;\ 6:859;6;67J9:B6JAP6;I=::9J6;859;<:99BIL9;6;76I5B6;@6;
F9C5ABJ9;H:6F9V;;B=;O7AI9;4444444;AB;JL9;C6:@9B;6J;JLAF;D=D9BJN;
6;L6F;=:9@
R;AF;=:ABC
I;=:F
@;6F;=:ABC
9;L6F;R99B;=:ABC
xwK;\ 6:859;6;67J9:B6JAP6;859;<:99BIL9;I=::9J6D9BJ9;6;76I5B6;
@6;H:6F9V;Z5:;TBC7AFL;J96IL9:;444444;J=;F<9B@;JL9;6HJ9:B==B;
:96@ABC;9FJ9:@6N
6;F<9B@9@
R;6F;F<9BJ
I;F<9BJ
@;L6F;F<9BJ
9;@A@;F<9B@

xyK;\ 6:859;6;67J9:B6JAP6;859;<:99BIL9;I=::9J6D9BJ9;6;76I5B6;
@6;H:6F9V;;444444444;6;B9;I6:N
6;R=5CLJ
R;@A@;R5
I;L6P9;R=5CLJ
@;R5
9;L6@;R=5CLJ
xK;\ 6:859;6;67J9:B6JAP6;859;<:99BIL9;I=::9J6D9BJ9;6;76I5B6;
@6;H:6F9V;|L9;44444444444444;L9:9;H=:;ux;96:FN;
6;=:
R;=:ABC
I;L6F;=:9@
@;L6P9;=:9@
9;L6P9;=:
}~f=lntrmfabfbbffmbaflsfbinh3f555555fabfjdnrtrmfiruf
C=;J=;R9@;76J9;444444;BACLJE;R5J;B=:D677;44444;999B@F;;F799<;
4444444;DA@@6N
iftrffiaffiafflrath
vfdrfftrfftrffikfqinfik
gfdrffiaffiaffb{br
uftrffiafftrfflrath
bftrfftrffiaffathh
}fafikfvbbrfnitrtrmf555555f3bkabnui3
6;67:96@
R;H=:
I;676F
@;FABI9
9;H:=D
xKL9;@9<9B@F;444444;JL9;79JJ9:;=H;:9I=DD9B@6JA=B;J=;R9;
6II9<J9@;H=:;JL9;G=RN
6;=B;C9J
R;=B;C9JJABC
I;=H;C9J
@;=H;C9JJABC
9;=H;J=;C9J
}6f7drfht{bkf55555fifqinjfbfht{bf555555fdfilhdfiruf
D;<6:9BJF;7AP9;444444;6;FD677;PA776C9;B96:;6D<AB6FN
ifiaffiaffia
vfdrffiaffdr
gftrffiaffia
uftrfftrfftr
bfdrfftrffia
uxK;H;=5;ABFAFJ;44444444;C=ABC;JL9:9E;J:;6J;796FJ;J=;J69;
F=D9;6@P6BJ6C9;444444;C=ABC;JL9:9N
ifdrffdq
vfdrfftr
gftrfftr
ufivdlaffdq
bfdqffdq


uuK;;676F;J:6P97;4444;R5FN

vvK;\ ;D=JL9:;AF;B=J;P9:;<6JA9BJN;;AFL;FL9;4444444444444;
=5:;<:=R79DFN

uvK;;<5J;D;D=B9;444444;6;F6H9N

6;5B@9:FJ==@
R;5B@9:FJ6B@F
I;A77;5B@9:FJ6B@
@;I6B;5B@9:FJ6B@
9;D6;5B@9:FJ6B@

uwK;X9;6F;ABJ9:9FJ9@;444444;<76ABC;I6:@FN
uyK;x=BJ;ABFAFJ;44444;C=ABC;JL9:9N
uK;77;<:=J9IJ;=5;44444;LADN

vwK;9FJ9:@6E;LA79;L9;4444444;@=B;JL9;FJ:99JE;L9;4444444;
6B;=7@;H:A9B@;=H;LAFN

{~fdjshbabfgdjfdfabjsdf{bnvihfiubyliudfikfqnikbkfivitcd
6;:6BIAF;4444444444444444;L=D9;9FJ9:@6NJ=;796P9
R;;4444444444444444;J=;56:5GY;76FJ;99N;J=;C=
I;L9;4444444444444444;JL6J;L=5F9;6;96:;6C=NJ=;R5
@;\ 6:;4444444444444444;J=;=5;76FJ;D=BJLNJ=;:AJ9
{fbf fnithtirf qddavihhf abijf 555555555555555f adf
}9B9]5976;76FJ;99N
if?b
vf?3
gf?dr
uf?3trm
bfi{bf?dr

ifikfihbuffjba
vfihbuffiufjba
gfikfihtrmffjba
ufihbuffikfjbbatrm
bfihkffjba
zftkff5555555fjdnbfjdrb3ffdlhufvl3fifrbf?ia
6;96:B
R;96:B9@
I;96:BF
@;J=;96:B
9;6D;96:BABC

uK;;AFL;J=D=::=;4444444444444444;T6FJ9:N

|bffntatkf<jvikkiudnfadfintkf5555555ftkfpnkafslvhtgf
F<99ILN

6;L6F;R99B
R;AF
I;9:9
@;R9
9;A77;R9
uK;;444444444444;L6J;L9;444444444444;R5J;;I=57@;B=J;
5B@9:FJ6B@;AJN
ifbinffkitu
vfbinuffki3k
gfbinffki3
ufbinuffkitu
bfbintrmfki3trm
vxK[=;;:967A]9;JL6J;;6IJ9@;6F;AH;;4444444444444444;6;
ILA7@N
6;6F
R;R9
I;9:9
@;AF
9;6D
vuK;|L9;7AJJ79;R=;444444;JL9;<AIJ5:9;=H;6;C6:@9B;6J;FIL==7;76FJ;
\ =B@6N
6;@:6
R;@:6F
I;@:6B
@;@:9
9;@:6ABC

6;D69F
R;D69
I;AF;D6ABC
@;D6@9
9;J=;D69
D9F<=FJ6;xuV;x
djfsndrdjbkftrubprtudkfgdjdfhkdjbvdu3iefhkdjbdrbief
^B=R=@_E;^9P9:R=@_E;^B=JLABC_E;^9P9:JLABC_E;9JIE;5F6KF9;=;
P9:R=;B6;J9:I9A:6;<9FF=6;@=;FABC576:;X9E;L9E;JN;9B@=;6FFADE;
ub{bkbfignbkgbrainfifhbanifkfidfprihfudf{bnvdfdjikbfiftkadf
=;H6J=;@9;859;6;I=BP9:F6;F9;<6FF6;B=;J9D<=;<:9F9BJ9N;Q=:;AFF=E;6;
9FI=7L6;<97=;<:9F9BJ9;FAD<79F;S;6;D6AF;6@9856@6N
D9F<=FJ6;xvV;
Z;Q:9F9BJ;=BJAB5=5F;9M<:9FF6;5D6;6>?=;859;9FJY;=I=::9B@=;
B=;D=D9BJ=;9D;859;F9;H676N;O;9M<:9FF?=;^6J;JLAF;D=D9BJ_;B=F;
AB@AI6;859;6;6>?=;9FJY;=I=::9B@=;B=;D=D9BJ=;@6;H676N;=D=;=;
nbkbrafdratrldlkfwfqdnjiudfsdnfhtkinbijifjitkfylihylbnfdlandf
P9:R=;J9:DAB6@=;9D;KABCE;6;67J9:B6JAP6;;S;6;I=::9J6N
D9F<=FJ6;xwV;
Z;AD<79;Q6FJ;S;5F6@=;<6:6;AB@AI6:;9P9BJ=FE;6>9F;=5;FAJ56>9F;
ylbfdgdnnbnijfbjfljfabjsdfbksbgpgdfbfubprtudfrdfsikkiudef
bkkbfb{bradfzofkbfprudlefrdfdgdnnbfjitkfsfiu{wnvtdfh3bkabnui3if
B=F;AB@AI6;AFF=N;Q=:;F9;J:6J6:;@9;5D;P9:R=;A::9C576:E;=;P9:R=;
g;B?=;S;J9:DAB6@=;9D;K9@N;FF=;H6];I=D;859;=;I6B@A@6J=;@9;
5D;I=BI5:F=;J6DRSD;J9BL6;859;9FJ5@6:;7AFJ6F;@9;P9:R=F;:9C576:9F;
9;A::9C576:9F;<6:6;D97L=:;D9D=:A]YK7=FN


D9F<=FJ6;xyV;
[9FJ9;I6F=;@9P9D=F;5F6:;=;Q:9F9BJ;Q9:H9IJE;<=AF;6;6>?=;
=I=::95;9D;5D;abjsdftrubprtudtrubabnjtriudfudfsikkiudfrdf
LY;ABH=:D6>?=;67C5D6;859;B=F;AB@A859;859;6;6>?=;=I=::95;9D;
ljfabjsdfubprtudfudfsikkiudfdlfsnbkbrabfsfnbkbrafbnqbgafwf
qdnjiudfsdnfhi{bfdlfikiffhdfsinatgstdfsikkiudfubfihmljfdlandf
{bnvdif>cfi{bfmdrbffikfdnbuefbag
D9F<=FJ6;xV;x
Z;Q:9F9BJ;Q9:H9IJ;J6DRSD;<=@9;F9:;9D<:9C6@=;<6:6;9M<:9FF6:;
5D;<6FF6@=;B?=;6I6R6@=E;=5;F9G6E;5D6;6>?=;859;I=D9>=5;B=;
<6FF6@=;9;I=BJAB56;6JS;=;<:9F9BJ9N;T79;9M<:9FF6;5D6;6>?=;I=BJB56E;
@5:6@=5:6N;Q=:J6BJ=E;B9FJ9;I6F=E;@9P9D=F;5F6:;=;Q:9F9BJ;Q9:H9IJ;
sdtkfhbhbkfajfanivihiudfiyltfofubfirdki
bksdkaif}~f<
O=;H676:D=F;@=F;<9:=@=F;@9BJ:=;@9;5D;@A6E;@9P9D=F;5JA7A]6:;
^AB;JL9;D=:BABC_E;^AB;JL9;6HJ9:B==B_E;^AB;JL9;9P9BABC_;9;^6J;BACLJ_N;
djfnbhidfidfprihfubfkbjiriefrif<jwntgiefdfgdnnbadfwfutbnfhdrf
JL9;999B@F_E;=;859;B?=;S;=;B=FF=;I6F=;<=AF;B?=;LY;9FF6;=<>?=N;
Q=:J6BJ=E;6;H=:D6;5F6@6;B=;D9AB=;EBA@=;^6J;JL9;999B@F_;S;6;
gbnaif<fsihi{nifhlrathifktmrtpgifhiawif<kktjefabjdkfh=lnirabfif
F9D6B6;95;6I=:@=;I9@=;@9;D6BL?;9;P=5;<6:6;6;I6D6;J6:@9;@6;B=AJ9E;
jikfrdnjihjbrabfrdkfprkfubfkbjirifblfulnjdfiawfdfjbtdutii
bksdkaif}f=
htrgbifktmrtpgifhubkubif7ofylbfdfnbkbrafbnqbgafdratrldlkf
H=A;5JA7A]6@=;685A;L6F;R99B;:6ABABCE;J9D=F;859;79DR:6:;859;979;
AB@AI6;67C5D6;6>?=;I=BJB56E;67C=;859;F9;ABAIA=5;9;859;I=BJAB56;6JS;
imdniflifrqikbfwfrljifidfylbfitruifrdfqdtfabnjtriuiefylbf
B?=;9FJY;I=D<79J6N;Q=:;AFF=;6;<676P:6;^FABI9_;F9;9BI6AM6;D97L=:;
B6;H:6F9N
D9F<=FJ6;xV;
Z;P9:R=;^J=;@9<9B@_;:9859:;6;5JA7A]6>?=;@6;<:9<=FA>?=;
^=B_E;859E;<=:;F56;P9]E;<9@9;5D;P9:R=;J9:DAB6@=;I=D;KABCN;}679;
79DR:6:;859;B6;7BC56;ABC79F6E;J9D=F;859;5F6:;P9:R=F;I=D;KABC;
6<`F;<:9<=FA>9FE;F67P=;<=5I6F;9MI9>9FN;OFFADE;^L9;@9<9B@F;=B;
C9JJABC;JL9;79JJ9:;=H;:9I=DD9B@6JA=B;J=;R9;6II9<J9@;H=:;JL9;G=R_N;
Z5;F9G6E;^T76;@9<9B@9;@9;<9C6:;6;I6:J6;@9;:9I=D9B@6>?=;<6:6;F9:;
6I9AJ6;B=;9D<:9C=_N
D9F<=FJ6;xV;T
x9;6I=:@=;I=D;=;xAIA=BY:A=;=BCD6B;ZB7AB9E;@9P9D=F;@A]9:;
hdrfiabfqinjifbfrdfhtrfiabfqinjiflvkbylbrabjbrabefylirudf
J9D=F;859;@A]9:;859;67C5SD;9FJY;B5D6;IA@6@9E;9FJ6@=E;<6F;=5;
I=BJAB9BJ9E;J9D=F;859;5F6:;6;<:9<=FA>?=;^AB_N;x9;H=:D6;C9:67E;=F;
75C6:9F;@9BJ:=;@9;5D6;IA@6@9;F?=;6<:9F9BJ6@=F;<976;<:9<=FA>?=;
^6J_N
D9F<=FJ6;uxV;O
Z;P9:R=;^J=;ABFAFJ_;<9@9;<:9<=FA>?=;^=B_;9;5D;P9:R=;I=D;
J9:DAB6>?=;KABC;6<`F;979N;Z;P9:R=;^J=;J69;6@P6BJ6C9;;F=D9JLABC_;
:9859:E;<=:J6BJ=;6;<:9<=FA>?=;^=H_N
D9F<=FJ6;uuV;R
456B@=;859:9D=F;@A]9:;859;5JA7A]6D=F;5D;@9J9:DAB6@=;D9A=;
@9;J:6BF<=:J9E;@9P9D=F;:9I=::9:;;<:9<=FA>?=;^R_N
D9F<=FJ6;uvV;AB
^T5;<=BL=;D95;@ABL9A:=;@9BJ:=;@9;5D;I=H:9_N

D9F<=FJ6;uwV;AB
Z;P9:R=;^J=;R9;ABJ9:9FJ9@; ;F=D9JLABC_;<9@9;<:9<=FA>?=;^AB_N
D9F<=FJ6;uyV;=B
Z;P9:R=;^J=;ABFAFJ_;<9@9;<:9<=FA>?=;^=B_N
D9F<=FJ6;uV;H:=D
Z;P9:R=;^J=;<:=J9IJ_;<9@9;6;<:9<=FA>?=;^H:=D_N
>s<f{~fduikfbkaikfqnikbkfsbubjf{bnvdkfrdftjshbf
ikafsdnylbfgdrawjfljfabjsdfubprtudfbefsdnairadeftrutgijfljif
6>?=;J9:DAB6@6N;OFFADE;:9F<9IJAP6D9BJ9E;6F;:9F<=FJ6F;F?=V;79HJE;
braefvdlmafbfndabfdrpnifdfsikkiudfktjshbkfudkf{bnvdkfbjf
klifhtkaifubf{bnvdkfdlfbjfljfvdjfutgtdrontdfubftrmhk
bksdkaif{f<
O;H:6F9;<9@9;P9:R=;B=;AD<79;Q6FJ;<=:859;I=BJSD;J9D<=;
ubprtudffhikafbbffbefsdnairadeftrutgifljifidfabnjtriuifsf
sikkiudfudf{bnvdf{dinffadf?3ffwf89N
D9F<=FJ6;uV;
[9FJ6;H:6F9E;859:KF9;@A]9:V;^T5;C=FJ6:A6;859;6D6BL?;H=FF9;
QYFI=6_N;D9<6:9;859;6;ABJ9B>?=;S;5F6:;=;P9:R=;F9:;J=;R9N;OI=BJ9I9;
859E;856B@=;J9D=F;859;5F6:;=;P9:R=;;6FF=IA6@=;I=D;=;P9:R=;
TE;9FJ9;@9P9;9FJ6:;=R:AC6J=:A6D9BJ9;B=;<6FF6@=;FAD<79F;9;F9D<:9;
B6;H=:D6;^9:9_E;B5BI6;B6;H=:D6;^6F_N
D9F<=FJ6;uV;x
Q=@9D=F;9BJ9B@9:;6;<676P:6;^I=57@_;I=D=;F9;H=FF9;=;<6FF6@=;
@=;P9:R=;^I6B_N;OFFADE;<97=;H6J=;@6;F9859BIA6;@6;H:6F9;B=F;
@A]9:;859;6;<9FF=6;^B?=;<8@9;9BJ9B@9:;=;859;=5PA5_E;J9D=F;859;
I=D<79J6:;F95;ABIA=;I=D;@=AF;P9:R=F;J6DRSD;B=;<6FF6@=N
D9F<=FJ6;vxV;
456B@=;=;P9:R=;T;S;6FF=IA6@=;I=D;;=5;E;J9D=F;859;
gdrzlmohdfrdfsikkiudfhikbnbif<fsbkkdifyltkfutbnfh<mdnif
95;<9:I9R=;859;6CA;I=D=;F9;H=FF9;5D6;I:A6B>6_N;TD;C9:67E;9D;
FAJ56>9F;859;9M<:9FF6D;I=AF6F;AD<=FFP9AF;@9;F9;:967A]6:E;I=D=;
67C5SD;PA:;6;J=:B6:KF9;I:A6B>6;B=P6D9BJ9E;6;H=:D6;^9:9_;@9P9;
F9:;5JA7A]6@6N
D9F<=FJ6;vuV;x
djdfifqnikbfsdkkltfabjsdfubprtudfbfbcsnbkkifljifidf
zofprihtiuiefdfsikkiudfktjshbkfub{bfkbnfishtgiudfsfsikkiudf
udf{bnvdfubkbrinffadfuniffwfN;O;H:6F9;@A]V;^Z;C6:=JABL=;
ubkbrdlfifpmlnifubfljfzinutjfrifbkgdhifkbmlruiqbtnifsikkiuii
D9F<=FJ6;vvV;O
456B@=;LY;=;P9:R=;^AFL_;B5D6;H:6F9E;=;P9:R=;6FF=IA6@=;6;
979;@9P9;9FJ6:;B=;<6FF6@=N;^\ ABL6;D?9;B?=;S;D5AJ=;<6IA9BJ9N;T5;
C=FJ6:A6;@9;859;976;9BJ9B@9FF9;B=FF=F;<:=R79D6F_N
D9F<=FJ6;vwV;
O;<676P:6;^9FJ9:@6_;AB@AI6;I76:6D9BJ9;859;6;6>?=;9FJY;B=;
J9D<=;<6FF6@=N;=D=;J9D=F;@=AF;<9:=@=F;<6:6;I=D<79J6:;I=D;=F;
J9D<=F;P9:R6AF;I=::9J=FE;@9P9D=F;J9:;I65J976N;
;<:9IAF=;=RF9:P6:;
859;5D;@9FF9F;<9:=@=F;@9P9;9M<:9FF6:;5D6;6>?=;I=BJB56;9;=;
=5J:=;<9:=@=;@9P9;C9:67D9BJ9;I=BJ9:;P9:R=;B=;<6FF6@=;FAD<79F;
<6:6;@6:;6;AD<:9FF?=;@9;859;ABJ9::=D<95;685976;6>?=;I=BJB56;@=;
=5J:=;<9:=@=N;|9:9D=F;=;F9C5ABJ9V;^ZBJ9DE;9B856BJ=;979;9FJ6P6;
6B@6B@=;<976;:56E;9BI=BJ:=5;5D;P97L=;6DAC=;F95_N


D9F<=FJ6;vyV;
x9P9D=F;6FF=IA6:;^AFL_;I=D;67C5D;=5J:=;R9:R=;B=;<6FF6@=;
<6:6;@A]9:;859;C=FJ6:6D=F;859;67C5D6;I=AF6;H=FF9;@AH9:9BJ9;9D;
B=FF6;PA@6;B=;J9D<=;<:9F9BJ9N;xA];6;H:6F9V;^T5;C=FJ6:A6;@9;C6BL6:;
5D;F67Y:A=;D6=:V;T5;I=D<:6:A6;5D;B=P=;6<6:J6D9BJ=_N
D9F<=FJ6;vV;x
[?=;J9D=F;AB@IA=F;@9;859;6;6>?=;=I=::9;B=;D=D9BJ=;@6;
qihifsinifsdubnjdkflkinfdfsnbkbrafgdratrldlkfftkfjitrmfinif
5F6:;FAD<79;<:9F9BJ;V;6;H:6F9;J9:A6;859;9M<:9FF6:;67C=;859;
6I=BJ9I9;:=JAB9A:6D9BJ9N;OFFADE;I=D=;=;9DR6AM6@=:;9FJ9P9;
9BP=7PA@=;I=D;F95;<:AD9A:=;;@AFI5:F=;<WR7AI=E;J9D=F;859;
I=D<79J6:;I=D;=;FAD<79;<6FJ;@=;P9:R=;H6]9:;<6:6;9M<:9FF6:;5D6;
6>?=;I=D<79J6;B=;<6FF6@=N
  9A6;9FJ9F;J9MJ=F;<6:6;:9F<=B@9:;F;859FJ9F;859;F9;
F9C59DN;D9F<=FJ6F;6<`F;6F;859FJ9F;@9;I6@6;J9MJ=N
L;:6]A7;7=P9@;LAD
|=;D6B;:6]A7A6BFE;9BB6;I=DD5BAI6J9@;6;P57B9:6RA7AJ;JL6J;
JL9;6<<:9IA6J9@;677;JL9;D=:9;R9I65F9;JL9;B9;L9;L6@;J=;F9J;LAF;
H96:F;6FA@9;L9B9P9:;L9;I7ADR9@;ABJ=;JL9;I=I<AJN; L6J;F9679@;
JL9;7=P9;6HH6A:;JL9;I=5BJ:L6@;AJL;9BB6;6F;LAF;A77ABCB9FFE;
=:;<9:L6<F;LAF;B99@E;J=;FL6:9;JL9;C7=:V;6HJ9:;9P9:;AB;L9;=57@;
nbigfqdnfifnithtirf?imfirufdtkaftaftmfivd{bftkfbiufqdnfabf
{tgadn3fhisftkfsdslhinta3fikfjimrtpbufv3fabfgdranikaftatkf
I=5BJ:F;F9BF9;=H;I=779IJAP9;@9DAF9N;OF;LAF;I6:99:;:9PP9<;5<;
AB;JL9; xFE;:6]A7;6F;L96@9@;JL9;=JL9:;6E@9FI9B@ABC;ABJ=;
9I=B=DAI;6B@;<=7AJAI67;@AF6::6E;H:5FJ:6JA=B;6B@;F97H@=5RJN;9BB6E;
<:9FA@9BJA67;6@PAF9:;O5C5FJ=\ 6:C6]?=;F6A@;76FJ;99E;^6F;JL9;
hljtrdlkf?tsfktubfdqfabfrbmiat{bfkaiabftrftgfhi3fabffnithtirf
F=57N_;B;FL=:JELAF;F5II9FF;6F;F99B;6F;<:==H;JL6J;@9F<AJ9;6;y ;6K;
jdraftr?iatdrfniabefmndtrmfsd{bna3firufrb{bnbrutrmgdnnlsatdrf
FI6B@67FE;:6]A7;I=57@;FJA77;I=D9;=5J;6;ABB9:N
=:;F9P9B;H:5FJ:6JABC;96:FE;JL=5CLE;9BB6F;@:96D;=H;6;
{tgadn3fiafdjbeftrfabffnithtirfnirufntcefbhlubutjfbfprihh3f
drfabfnigbftrf{66{efvlafdrh3fiqabnfifghtqqirmbnfprtkfirufa3stgihf
L9:=AIFN;X9;6F;796@ABCI=DH=:J6R7E;AJL;=B7;6;H9;A7=D9J9:F;
J=;C=E;L9B;JL9;C96:R=M;=H;LAF;I6:;G6DD9@N;;JL9;76FJ;76<;=B7;
=B9;C96:6F;H5BIJA=BABCE;R5J;9BB6;:9FJ79@;LAF;\ I6:9BKX=B@6;
adfabfgbgbnbuf?imfdfbcilkabufbfgdlhufvinbh3fhtqatkfinjkef
mntjigtrmfqndjfabfsitrefbfdtkabufabfands3firufabf?im
9BB6;=B;AB;:6]A7;6C6AB;AB;uw;AB;985677;@:6D6JAI;
H6FLA=B;K;JLAF;JAD9;6C6ABFJ;LAF;6:IL:AP67E;JL9;:9BILD6B;O76AB;
ndkafs{bnfabf3binkefbrrikf?iadlafulbhkftafndkaeftrghlutrmf
F9P9:67;@6BC9:=5F;I=77AFA=BFEL6@;H=FJ9:9@;6B;9BDAJ;JL6J;Q:=FJ;
F6F;@A@;B=J;96F9;5BJA7;G5FJ;R9H=:9;9BB6F;@96JLN;Q:=FJ;6B@;LAF;
J96DD6J9;x6D=B;XA77;L6@;R99B;D5IL;H6FJ9:;AB;<:6IJAI9E;6B@;JL9;
H6BF;B9;JL6J;=B7;6;:6I9K@6;@=B<=5:;=57@;CAP9;9BB6E;
JL9;6IB=79@C9@;D6FJ9:;=H;9JKJ:6I;@:APABCE;6;IL6BI9N;:6]A7;
<:69@;H=:;:6ABN;|L9;B9MJ;@6E;AJL;Q:=FJAB;JL9;796@E;JL9;L96P9BF;
dsbrbufbfnbrgjirfsndjsah3fgnikbufbrrifgiaislhabuftradf
pnkafshigbfirufkai3buabnbf<kfabfnigbfbrubuefabfklrfgijbfdla
5e  eege
;;
@

}=I6R576:V
;D6BV
;R9I65F9V
;J=;B=V
;J=;F9J;6FA@9V
;H96:FV
;L9B9P9:V
;J=;I7ADRV
;I=I<AJV
;J=;F967V
;7=P9;6HH6A:V
;I=5BJ:V
;A77ABCB9FFV
;<9:L6<FV
;J=;FL6:9V
;J=;:96IL;H=:V;
f?im
;J=;L=AFJV
;LACL;6R=P9V;
;L96@V
;76<V
;F9BF9V;
;@9DAF9V
;I6:99:V
;J=;:9P;5<V
;AB;JL9; xFV
;J=;R9;L96@9@V
;JL9;=JL9:;6V
;@AF6::6V
;F97HK@=5RJV
;6@PAF9:V
;J=;F6V
;76FJ;99V
f?tsfktub
;FJ6J9V
;J=;7A9V
;F=57V
;AB;FL=:JV
;J=;F99V
;<:==HV
;@9F<AJ9V
ftr?iatdrfniab
;C:=ABC;<=P9:JV

D5AJ=F
<=:859
F6R9:E;I=BL9I9:
<=:;@9;76@=
:9I9A=FE;J9D=:9F
F9D<:9;859
F5RA:E;9BJ:6:
I6RAB6
F976:
I6F=;@9;6D=:
<6F
P=BJ6@9E;@9F9G=
J67P9]
@APA@A:E;I=D<6:JA7L6:
<9C6:
R6B@9A:6
9:C59:E;79P6BJ6:
R9D;6IAD6
I6R9>6
P=7J6E;CA:=
F9BJA@=
D=:J9E;H679IAD9BJ=
I6::9A:6
@9F76BIL6:
B6;@SI6@6;@9;x
F9:;79P6@=;6
<6:6;=;=5J:=;76@=
@9F=:@9D
@9FI:9B>6
I=BF97L9A:=
@A]9:
F9D6B6;<6FF6@6
F9I5B@Y:A=
9FJ6@=
9BI=BJ:6:KF9E;9FJ6:
67D6
9D;<=5I6F;<676P:6F
P9:
<:=P6
6<9F6:;@9
rutgbfubftr?id
<:=R:9]6;I:9FI9BJ9


;B9P9:K9B@ABCV
kbjfpj
;I6BE;I=57@V
<=@9:
;FJA77V
6AB@6
;J=;I=D9;=5JV
F5:CA:
;ABB9:V
P9BI9@=:
;@:96DV
F=BL=
;6J;L=D9V
9D;I6F6
;975@9V
H:5FJ:6:E;A75@A:
;:6I9V
I=::A@6
;=B7V
6<9B6F
;6HJ9:V
@9<=AF
;J=;796@V
7A@9:6:
;C96:R=MV
I6AM6;@9;IUDRA=
;J=;G6DV
9D<9::6:
;J=;:9FJ79V
75J6:;I=D
fgbgbnbuf?im
R6B@9A:6;M6@:9]
;R6:97V
D67
;J=;7AHJV
9:C59:
;6:DFV
R:6>=F
;J=;C:AD6I9;H:=D;JL9; H6]9:;I6:6;@9;@=:
<6ABV
;6C6ABV
B=P6D9BJ9
;985677V
AC567D9BJ9
;6C6ABFJV
I=BJ:6
;6:IL:AP67V
6:85AK:AP67
;=P9:;JL9;96:FV
I=D;=;<6FF6:;@=F6B=F
;F9P9:67V
@AP9:F=F
;@6BC9:=5FV
<9:AC=F=
;J=;H=FJ9:
H=D9BJ6:
;9BDAJV
ABADA]6@9
;J=;96F9V
@ADAB5A:E;DABADA]6:
;5BJA7V
6JS
;@96JLV
D=:J9
;J96DD6J9V
I=D<6BL9A:=;@9;985A<9
;D5IL;H6FJ9:V
D5AJ=;D6AF;P97=]
;@=B<=5:V
6C56I9A:=
;J=;CAP9V
@6:
;6IB=79@C9@V
:9I=BL9IA@=
;9JKJ:6IV
<AFJ6;D=7L6@6
;J=;<:6V
:9]6:
;:6ABV
IL5P6
;AB;JL9;796@V
B6;7A@9:6B>6
;JL9;L96P9BF;=<9B9@V IL=P95;@9D6AF
;<:=D<J7V
AD9@A6J6D9BJ9

;J=;I:6FLV
;J=;I6J6<57J;ABJ=V
fpnkafshigb
;J=;FJ6V
;JL9:9V
;6FV
;J=;9B@V
;F5BV
;JL=5CLV

I=7A@A:
<:=G9J6:
<:AD9A:=;75C6:
pgin
7Y
856B@=
J9:DAB6:
F=7
I=BJ5@=

xuN;;x9;6I=:@=;I=D;=;J9MJ=V
6;9BB6;JABL6;D6AF;B9I9FFA@6@9;@=;859;@9F9G=;@9;I=D<6:JA7L6:;
klikf{tantikfsdnftkkdefsinifkbhinfdfkblfijdnfsbhdffnikthefbctvtifif
R6B@9A:6;R:6FA79A:6;B6;L=:6;@6;IL9C6@6N;
R;Z;@9F9G=;@9;I=D<6:JA7L6:;6;C7`:A6;6<`F;I6@6;PAJ`:A6E;856B@=;
9BB6;79P6BJ6P6;5D6;R6B@9A:6;@=;:6FA7;B6;L=:6;@6;IL9C6@6E;F97=5;
=;6D=:;@=;F95;<6F;<6:6;I=D;979N
I;9BB6;I=B85AFJ6P6;=;6D=:;9;6;6@DA:6>?=;@9;F95F;
I=D<6J:A=J6F;<976;D6B9A:6;I=D=;F5<9:6P6;=;D9@=;B6;L=:6;@9;
9BJ:6:;B6;I6RAB6;@=;I6::=N
@;\ 5AJ=F;R:6FA79A:=F;6@DA:6P6D;6;I=:6C9D;9;6;I6<6IA@6@9;@9;
9BB6;<=:859;<9:I9RA6D;6;F56;P57B9:6RA7A@6@9;9;6IL6P6D;859;979;
J:6BFDAJA6;D5AJ6;9F<9:6B>6;B=;H5J5:=;@=;<6FN;
9;9BB6;F6RA6;859;=;D6AF;AD<=:J6BJ9;@9;J5@=;9:6;9MARA:;5D6;
R6B@9A:6;R:6FA79A:6;B6;L=:6;@6;IL9C6@6;9;@6;PAJ`:A6E;<=AF;AFF=;9:6;
J5@=;=;859;=F;R:6FA79A:=F;859:A6D;P9:N
;
xvN;x9;6I=:@=;I=D;=;J9MJ=V
;
6;TB856BJ=;F56;I6::9A:6;6FI9B@A6E;=;<6F;F9C5A6;=;I6DABL=;
=<=FJ=N;OFFADE;=;F95;F5I9FF=;9:6;PAFJ=;I=D=;<:=P6;@9;859E;6<9F6:;
uiftr?idefuifsdvnbifbfuifgdnnlsdefdffnikthfatrifgdjdf{brgbn
R;O;6FI9BF?=;@9;9BB6;B6;I6::9A:6;65J=D=RA7FJAI6;@9AM6P6;
D5AJ6F;<9FF=6F;<9:<79M6F;<=:859;AFF=;D6:I6P6;5D;H=:J9;I=BJ:6FJ9;
I=D;6;J:AFJ9;:967A@6@9;F=IA67;9;9I=B8DAI6;859;=;:6FA7;6J:6P9FF6P6N
I;Z;F5I9FF=;@9;9BB6;B6;I6::9A:6;65J=D=RA7FJAI6;I=BP9BIA6;
D5AJ6F;<9FF=6F;@9;859;6;:967A@6@9;R:6FA79A:6;<=@9:A6;F9:;D5@6@6;
I=D;<=5I=;9FH=:>=;9;6;PA@6;@=F;R:6FA79A:=F;L6P9:A6;@9;D97L=:6:N
@;O;<=<576:A@6@9;@9;9BB6;65D9BJ6P6;B6;D9@A@6;9D;859;=;
F95;F5I9FF=;:9<:9F9BJ6P6;<=FFARA7A@6@9F;@9;<:=C:9FF=;<6:6;=;<6F;
I=D=;5D;J=@=;9;6;:967A]6>?=;@=;F=BL=;AB@APA@567;@=F;R:6FA79A:=FN
9;Z;F5I9FF=;@9;9BB6;9:6;<=:;D5AJ=F;I=BFA@9:6@=;I=D=;
5D;D65;9M9D<7=;<6:6;=;<=P=;R:6FA79A:=E;B6;D6A=:A6;<=R:9E;859;
@9AM6P6;@9;76@=;6F;I=AF6F;D6AF;AD<=:J6BJ9F;@6;PA@6;<6:6;<9BF6:;9D;
I=::A@6;@9;65J=D`P97N
;
xwN;=BH=:D9;=;J9MJ=E;6FFAB679;6;67J9:B6JAP6;I=::9J6V
;
ifbrrif{brgblfdfsntjbtndfnirubfnjtdfudffnikthfbjf
uu;<=:859;J9P9;D5AJ6;F=:J9E;<=AF;GY;L6PA6;<6FF6@=;<976;R6B@9A:6;
M6@:9]E;856B@=;=;IUDRA=;@9;F95;I6::=;9BC5A>=5E;6<9F6:;@=;C:6B@9;
9FH=:>=;H9AJ=;<6:6;859;AFF=;B?=;6I=BJ9I9FF9N
R;O;<:AD9A:6;I=::A@6;859;9BB6;P9BI95;B=;:6FA7;H=A;
:976JAP6D9BJ9;HYIA7E;<=AF;6;PAJ`:A6;GY;9FJ6P6;C6:6BJA@6E;856B@=;5D;
<9859B=;I=BJ:6J9D<=;=I=::95E;9MACAB@=;5D;<=5I=;@9;9FH=:>=;@=;
gijsbdfrdfprih
C


gfbrrif{brgblfdfsntjbtndfnirubfnjtdfudffnikthfbjf{66{f
@9<=AF;@9;D5AJ=;F6I:AHIA=N;456B@=;<6FF=5;<976;R6B@9A:6;M6@:9]E;
9FJ6P6;J?=;9M65FJ=;859;D67;I=BF9C5A6;79P6BJ6:;=F;R:6>=F;<6:6;
9:C59:;=;J:=HS5;9;6;R6B@9A:6N
@;O=;I=B85AFJ6:;F56;<:AD9A:6;PAJ`:A6;9D;65J`@:=D=;R:6FA79A:=E;
9BB6;I=D9D=:=5;I=D;J6BJ6;679C:A6;9;J6BJ=;=:C57L=;859;6JS;F9;
9F859I95;@6F;@=:9F;859;F9BJA6;@9<=AF;@=;C:6B@9;9FH=:>=;859;H9];
<6:6;C6BL6:;6;I=::A@6N
9;O;<:AD9A:6;PAJ`:A6;@9;9BB6;B=;:6FA7;F9:PA5;<6:6;6I6R6:;
gdjfkblkfsbkiubhdkfbfqnlkanibkfvbjfgdjdfsinifqihdfbkylbgbn
F9;@9;J=@6F;6F;:9FJ:A>9F;H9AJ6F;<97=F;=:C6BA]6@=:9F;@6F;I=::A@6FN
;
xyN;x9;6I=:@=;I=D;=;J9MJ=E;AB@A859;6;67J9:B6JAP6;I=::9J6V
;
ifbrrifbf<hitrfndkafpbnijfikfsibkfsdlgdfirabkfuifjdnabf
@=;R:6FA79A:=E;<6:6;B?=;9D<6B6:;=;R:A7L=;@6;I=::A@6;859;F9;:967A]6:A6;
9D;?=;Q657=E;<=AF;GY;L6PA6;9FI76:9IA@=;PY:A=F;D67K9BJ9B@A@=F;
=I=::A@=F;6BJ9:A=:D9BJ9N
R;O;ABADA]6@9;9BJ:9;9BB6;9;Q:=FJ;H9];I=D;859;=;I=::9@=:;
R:6FA79A:=;F9;9D<9BL6FF9;I6@6;P9];D6AF;<6:6;P9BI9:;6;I=::A@6;B=;
fnikthfljfqnigikkdfdlfljfpikgdfifsdubntifnbsnbkbrainfdfpjfuif
I6::9A:6;@=;B=FF=;I6D<9?=N
I;|=@6F;6F;I=::A@6F;@AF<5J6@6F;9BJ:9;Q:=FJ;9;9BB6;9:6D;D5AJ=;
<9:AC=F6F;9D;PA:J5@9;@=;@:6D6;I:A6@=;9D;J=:B=;@6F;:AM6F;9BJ:9;
=F;@=AF;I6D<99FE;859;B5BI6;F9;<:9=I5<6:6D;I=D;5D6;<=FFP97;
:9I=BIA7A6>?=N
@;O;W7JAD6;I=::A@6;859;9BB6;P9BI95;B=;:6FA7;H=A;6;D6AF;
@AHIA7;@9;J=@6F;<=:859E;9DR=:6;=;R:6FA79A:=;F9;@9FF9;R9D;9D;<AFJ6;
D=7L6@6E;O76AB;Q:=FJ;9;x6D=B;XA77;9:6D;=F;D6AF;P97=]9F;9D;
8567859:;JA<=;@9;<AFJ6N
9;9BB6;P9BI95;=5J:6;P9];B=;:6FA7;9D;I=B@A>9F;AC567D9BJ9;
@:6DYJAI6FE;B5D;@597=;I=D;F95;C:6B@9;:AP67E;O76AB;Q:=FJE;859;F9;
J=:B6:6;F95;ABADAC=;<=:;I65F6;@9;67C5D6F;I=7AF9F;<9:AC=F6F;9D;
I=::A@6F;6BJ9F;@AF<5J6@6FN
xN;x9;6I=:@=;I=D;=;J9MJ=E;6FFAB679;6;67J9:B6JAP6;I=::9J6V
;
6;[?=;H=FF9;6;HS;@=F;R:6FA79A:=FE;859;ABF<A:=5;6;PAJ`:A6;@9;
9BB6;9;AD<:9FFA=B=5;=F;9FJ:6BC9A:=FE;6;I=::A@6;@9;uw;<=@9:A6;
J9:;6I6R6@=;9D;H:6I6FF=;=5;J:6CS@A6N
;R;ZF;R:6FA79A:=F;:9]6:6D;<9@AB@=;IL5P6E;<=AF;F6RA6D;859E;9D;
<AFJ6;D=7L6@6E;9BB6;J9:A6;D6AF;I=B@A>9F;@9;P9BI9:;O76AB;Q:=FJ;
9;x6D=B;XA77N
I;456BJ=;D6AF;IL=PA6E;D6AF;D97L=:6P6;=;@9F9D<9BL=;@9;
9BB6E;=;859;AD<:9FFA=B=5;=F;F95F;:AP6AF;6;J67;<=BJ=;859;9FJ9F;
6R6B@=B6:6D;6;I=::A@6N
@;ZF;I=::9@=:9F;9FJ:6BC9A:=F;IL9C6:6D;6;<9BF6:;859;=;L=:Y:A=;
uifgdnntuifqdnifjingiudfbjfqlrdfuifgl{iefsinifvbrbpgtinfdf
B=FF=;I6D<9?=N
bf<kfdnibkfudkfvnikthbtndkfpbnijfgdjfylbfgd{bkkbfdf
J9D<=;B9I9FFY:A=;<6:6;C6:6BJA:;6;PAJ`:A6;@9;9BB6;9D;uwE;<=AFE;
856B@=;6I6R=5;6;I=::A@6E;=;F=7;P=7J=5;6;R:A7L6:N
DTQZ|O;xuV;
^ L6J;F9679@;JL9;7=P9;6HH6A:;JL9;I=5BJ:;L6@;AJL;9BB6;6F;
LAF;A77ABCB9FFE;=:;<9:L6<F;LAF;B99@E;J=;FL6:9;JL9;C7=:V;6HJ9:;9P9:;
trfbfdlhufnbigfqdnfiffnithtirf?imfirufdtkaftaftmfivd{bftkf
L96@;H=:;JL9;PAIJ=:;76<_N
_

DTQZ|O;vV;O
htkfsdslhinta3fikfjimrtpbufv3fabfgdranikaftaftkf
I=5BJ:F;F9BF9;=H;I=779IJAP9;@9DAF9N;OF;LAF;I6:99:;:9PP9<;5<;AB;JL9;
xFE;:6]A7;6F;L96@9@;JL9;=JL9:;6E;@9FI9B@ABC;ABJ=;9I=B=DAI;
6B@;<=7AJAI67;@AF6::6E;H:5FJ:6JA=B;6B@;F97H@=5RJ_N
DTQZ|O;wV;
hbfprihh3fdrfabfnigbftrf{66{efvlafdrh3fiqabnfifghtqqirmbnf
prtkfirufa3stgihfbndtgkfbfikfhbiutrmfgdjqdnaivh3eftafdrh3f
6;H9;A7=D9J9:F;J=;C=E;L9B;JL9;C96:R=M;=H;LAF;I6:;G6DD9@N;;
JL9;76FJ;76<;=B7;=B9;C96:;6F;H5BIJA=BABCE;R5J;9BB6;:9FJ79@;
tkf ginbrdruifadfabfgbgbnbuf?imfdfbcilkabufbfgdlhuf
R6:97;7AHJ;LAF;6:DFE;C:AD6IABC;H:=D;JL9;<6ABE;L9;L=AFJ9@;JL9;J:=<L;
irufabf?imi
DTQZ|O;yV;T
^9BB6;=B;AB;:6]A7;6C6AB;AB;uw;AB;985677;@:6D6JAI;
H6FLA=B;K;JLAF;JAD9;6C6ABFJ;LAF;6:IL:AP67E;JL9;:9BILD6B;O76AB;
ndkafs{bnfabf3binkefbrrikf?iadlafulbhkftafndkaeftrghlutrmf
F9P9:67;@6BC9:=5F;I=77AFA=BFE;L6@;H=FJ9:9@;6B;9BDAJ;JL6J;Q:=FJ;
F6F;@A@;B=J;96F9;5BJA7;G5FJ;R9H=:9;9BB6F;@96JLN_N
DTQZ|O;V;
^Q:=FJ;6B@;LAF;J96DD6J9;x6D=B;XA77;L6@;R99B;D5IL;H6FJ9:;AB;
<:6IJAI9E;6B@;JL9;H6BF;B9;JL6J;=B7;6;:6I9K@6;@=B<=5:;=57@;
CAP9;9BB6E;JL9;6IB=79@C9@;D6FJ9:;=H;9JKJ:6I;@:APABCE;6;
IL6BI9N;:6]A7;<:69@;H=:;:6AB_N
  D9F<=B@6;F;859FJ9F;859;F9;F9C59D;I=D;R6F9;B=;
F9C5ABJ9;J9MJ=V
7=P6A6
|L9;6::9FJ;=H;}76@ADA:;\ 9IA6:
DO|O}O
;;
uN;J;6F;9AJL9:;6;R7=;H=:;G5FJAI9;6B@;6B;AD<=:J6BJ;FACB67E;
J=;R9;B=J9@;6I:=FF;<=FJ;I=DD5BAFJ;9BJ:67;T5:=<9E;JL6J;B=R=@;
AF;6R=P9;JL9;76N;Z:;AJ;6F;6;I:5@9;6IJ;=H;P9BC96BI9;JL6J;I=57@;
<=76:AF9;6B@;@9FJ6RA7A]9;7=P6A6B;<=7AJAIFN;B;6B;9P9BJE;JL9;6::9FJ;
=B;O<:A7;vxJL;=H;AB@9<9B@9BJ;7=P6A6F;7=BC9FJKF9:PABC;<:AD9;
DABAFJ9:E;}76@ADA:;\ 9IA6:E;6F;=B9;=H;JL9;D=FJ;D=D9BJ=5F;9P9BJF;
J=;L6P9;=II5::9@;FABI9;JL9;I=5BJ:;F<7AJ;H:=D;JL9;]9ILD9<5R7AI;
F9P9B;96:F;6C=N;
vN;B;6;@6B;F==<E;D6F9@;I=DD6B@=F;H:=D;6;F<9IA67;5BAJ;
JL6J;AF;F5<<=F9@;J=;FJ6D<;=5J;=:C6BAF9@;I:AD9;@B6DAJ9@;\ :;
\ 9IA6:F;R6I;@==:;6B@;J==;LAD;66;6J;C5B<=ABJN;\ :;\ 9IA6:F;
9B9DA9FE;L=;F6;L9;J5:B9@;JL9;7=P6;FJ6J9;ABJ=;6;I:AD9;:6I9JE;
6<<765@9@N;9J;JL9;H=:D9:;R=M9:E;L=;:6B;JL9;I=5BJ:;H:=D;uw;
5BJA7;L9;6F;=5FJ9@;AB;6;C9B9:67;979IJA=B;AB;uE;FJA77;L6@;LAF;=7@;
F6CC9:N;^x=BJ;R9;6H:6A@E_;L9;FL=5J9@;=5J;J=;F5<<=:J9:FN;^D;B=J;
6H:6A@N_;
wN;|L9;@6;6HJ9:;LAF;6::9FJE;F9P9:67;JL=5F6B@;=H;LAF;@AFIA<79FE;
B=JABC;JL6J;AJ;6F;6<<:=<:A6J97;==@;:A@6E;@9FI9B@9@;=B;
:6JAF76P6E;7=P6A6F;I6<AJ67E;J=;L5:7;6R5F9;6J;JL9;I=5BJ:F;:9H=:DK
DAB@9@;<:AD9;DABAFJ9:E;\ A576F;x]5:AB@6N;X9;6F;P6:A=5F7;
I6FJAC6J9@;6F;^JL9;QL6:AF99_E;^A5@6F_E;^Q=BJA5F;QA76J9_;6B@E;79FF;
RAR7AI677E;^=5;@A:J;7AJJ79;CA<F_N;\ :;x]5:AB@6;A77;B=J;DAB@;JL9;
rijbkftqfabfzlumbkfgirfqlhphfabfsndjtkbeftgfbhsbufvdruftkf
H=5:K<6:J;I=67AJA=B;L9B;AJ;H=5CLJ;JL9;979IJA=B;u;D=BJLF;6C=E;J=;
R:ABC;\ :;\ 9IA6:;J=;G5FJAI9N;


yN;|L9;6:ILAJ9IJ;=H;7=P6A6F;AB@9<9B@9BI9;6F;H:99@;=B;R6A7;
6HJ9:;R9ABC;IL6:C9@;AJL;<6ABC;A779C67;R=B5F9F;=:JL;;wxExxx;
adftkfgivtrbafjtrtkabnkfulntrmftkfatjbftrfdqpgbfqfqdlrufmltha3ef
L9;I=57@;C9J;J9B;96:F;R9LAB@;R6:FN;X9;D6;67F=;R9;H=:I9@;J=;CAP9;
9PA@9BI9;AB;6;I6F9;J=;@=;AJL;JL9;A@B6<<ABC;AB;u;=H;JL9;F=B;=H;
7=P6A6F;JL9B;<:9FA@9BJE;\ AIL67;B=P6IN;=P9:BD9BJ;F5<<=:J9:F;
F6;JL6J;\ :;B=P6IF;F=B;6F;A@B6<<9@;R;JL9;7=P6;F9I:9J;
F9:PAI9;=B;\ :;\ 9IA6:F;=:@9:FN;
N;=57@;\ :;\ 9IA6:F;6::9FJ;ABI:96F9;LAF;<=<576:AJ;Q:=R6R7;
rdaffb{brfadlmfdstrtdrfsdhhkfi{bfihnbiu3fvbbrfmt{trmftjf
D=:9;F5<<=:J;JL6B;6B;=JL9:;7=P6;<=7AJAIA6BV;6;856:J9:;FJA77;F6F;
JL9;=57@;7A9;LAD;J=;R9;<:AD9;DABAFJ9:;6C6ABN;6FJ;96:;L9;=B;
yw ;=H;JL9;P=J9;AB;JL9;<:9FA@9BJA67;979IJA=BE;6C6ABFJ;6;76I75FJ:9;9MK
=DD5BAFJE;D5@=7H;IL5FJ9:E;6B@;JL9;I5::9BJ;L96@;=H;FJ6J9N;
~fflaf nf bgtinftkfihkdeftndrtgihh3efhd{itikfjdkafutkhtbuf
slvhtgfpmlnbfdatnukefiggdnutrmfadfabfdstrtdrfsdhhkefgbbnbuf
LAF;6::9FJN;TP9B;AH;LAF;<=<57AFJ;\ =P9D9BJ;H=:;6;x9D=I:6JAI;
7=P6A6;@=9F;85AJ9;977;AB;JL9;C9B9:67;979IJA=B;@59;AB;vxxvE;AJ;AF;
lrhtbh3fadfprufgdihtatdrfsinarbnkfadfhbaftjfqdnjfifmd{bnrjbraf
ZB7;JL9;H6:K:ACLJ;M9B=<L=R9F;=H;JL9;7=P6;[6JA=B67AFJ;Q6:J;
DACLJ;I=BFA@9:;R6IABC;LADN;
fathhefiab{bnf nf bgtinkfqiabef nf=lntruifikfvbbrf
dnntbuftkfgdihtatdrftkfudmmbufv3ftrpmatrmfbfikfqithbufadf
jbnmbfabfp{bfmndlskfaiafjibflsftkfdrfvtafdqfabfgdihtatdrf
A=]9H;\ AC6FE;<6:7A6D9BJF;F<969:E;LAJL9:J=;6;@=F9;677;L=;L96@F;
=B9;=H;JL9;I=67AJA=BF;H=5:;<6:JA9FE;:9I9BJ7;FL==;JL9;C=P9:BD9BJ;
v3fgikatrmfifrdgdrpubrgbf{dabfimitrkaf nf=lntruiftrfsinhtijbraf
N;|L9;I=BJAB5ABC;9M=@5F;=H;JL9;I=5BJ:F;<FA9F;AF;67F=;
@6:9BABC;JL9;D==@N;D<:=PABC;JL9A:;7=J;AF;6;<:9:985AFAJ9;H=:;
7=P6A6F;@9FA:9@;9BJ:;ABJ=;JL9;T5:=<96B;EBA=BN;97CA5D;
:9I9BJ7;H=77=9@;JL9;9M6D<79;=H;F9P9:67;=JL9:;TE;I=5BJ:A9F;R;
AD<=FABC;PAF6F;=B;7=P6;PAFAJ=:FE;ABI75@ABC;9P9B;JL=F9;L=;I=D9;
:9C576:7;J=;:5FF97F;J=;B9C=JA6J9;H=:;7=P6A6;J=;G=AB;JL9;I75RN;
N;JA77E;@9F<AJ9;JL9;H:6CA7AJ;=H;JL9;C=P9:BD9BJ;6B@;JL9;
J9BFA=BF;L9ACLJ9B9@;R;\ :;\ 9IA6:F;6::9FJE;7=P6A6;AF;D=PABC;
6L96@N;O5FJ9:AJ;D96F5:9F;L6P9;D6@9;JL9;C=P9:BD9BJ;5B<=<576:E;
R5J;JL9;6:9;=:ABCN;EB9D<7=D9BJE;FJA77;vx E;AF;I=DABC;@=BN;
|L9;9I=B=D;AF;F9J;J=;C:=;R;6:=5B@;w ;JLAF;96:N;=:9ACB;
ABP9FJD9BJ;AF;5<E;AJL;E;J997;:9I9BJ7;6C:99ABC;J=;FL977;=5J;D=:9;
JL6B;;yxxD;J=;:9P6D<;JL9;I=5BJ:F;RACC9FJ;DA77N;
uxN;^|L9;I=5BJ:;AF;AB;R9JJ9:;FL6<9;JL6B;:99I9;6F;L9B;AJ;
G=AB9@;JL9;TEE_;F6F;:=C=:AG;\ 9F9]BA=PE;L=;:5BF;6;796@ABC;
JLAB;J6B;AB;:6JAF76P6N; LA79;6;C:=ABC;B5DR9:;=H;9BJ:67;
T5:=<96BF;=5JFA@9;7=P6A6;6:9;L6PABC;@=5RJF;6R=5J;G=ABABC;JL9;
>aefkdjbf} fdqfhd{ikfrdfki3fab3firafadfmbaftrf<rufqdnfabf
pnkafatjbfifkhbrubnfjizdnta3efimitrkaf nf bgtinkfpbngbfdssdktatdref
F6;JL6J;7=P6A6;FL=57@;G=AB;[O|Z;J==N;
8:ge
;;
1NPOP
;J=;6::9FJV
<:9B@9:;
;9AJL9:V
J6BJ=;
;R7=V
F=<:=;
;FACB67V
FAB67;
;J=;R9;B=J9@V
F9:;<9:I9RA@=;
;6I:=FFV
6J:6PSF;
;6R=P9V
6IAD6;
`

;I:5@9V
;P9BC96BI9V
;6BV
;7=BC9FJKF9:PABC;<:AD9;DABAFJ9:V;
;J=;F<7AJ;H:=DV
;AB;6;@6B;F==<V
;J=;R9;F5<<=F9@;J=V
;J=;FJ6D<;=5JV
;J=;J69;66V
;6J;C5B<=ABJV
;9B9DA9FV
;J=;J5:B;ABJ=V
;H=:D9:V
;J=;R9;=5FJ9@V
;F6CC9:V;
;J=;R9;6H:6A@V
;J=;FL=5JV;
;F5<<=:J9:FV
;F9P9:67V
;==@;:A@6V
;J=;@9FI9B@;=BV
;J=;L5:7V
;:9H=:DKDAB@9@V
;C<FV
;J=;DAB@V
;G5@C9FV
fadfqlhphfabfsndjtkb
;J=;R=B@V
;<6:JV
;I=67AJA=BV
fadfpma
;J=;R9;H:99@;=B;R6A7V
;J=;R9;IL6:C9@;AJLV
;=:JLV
;C5A7JV
;R9LAB@;R6:FV
;A@B6<<ABCV
;JL9BV
;=:@9:FV
;I6B;I=57@V
;J=;ABI:96F9V
;9P9B;JL=5CLV
;<=77FV
;67:96@V

I:597;
:9<:9FY7A6E;PABC6B>6
8567859:;
<:AD9A:=;DABAFJ:=;LY;D6AF;J9D<=
F9<6:6:KF9;@9
B5D6;ABP9FJA@6;B=;6D6BL9I9:
abnfgdjdfprihtuiub
6I6R6:;I=DE;@9FJ:5A:
6::6BI6:E;JA:6:
F=R;6;DA:6;@9;5D6;6:D6;
ABADAC=F;
J:6BFH=:D6:;
9M;
F9:;@9FJAJ5@=E;F9:;@9::=J6@=
6::=CUBIA6;
J9:;D9@=;
C:AJ6:;
F9C5A@=:9F;
PY:A=FE;@AP9:F=F;
9MJ6KH9A:6;6BJ6
:5D6:;<6:6
iatninffinnbjbkkinf
D9BJ9;:9H=:D6@=:6
IAC6B=;
AD<=:J6:KF9;
G5:6@=F;
I5D<:A:;6;<:=D9FF6;
pnjinfdfgdjsndjtkkdf
<6:JA@=;
I=7AC6>?=;
I=D<9JA:;
kbnfhtvbnaiudfkdvfpiri
F9:;6I5F6@=;@9
P67=:;
I57<6@=;
6J:YF;@6F;C:6@9F;
F989FJ:=;
9BJ?=;
=:@9BF;
<=@9:;
65D9BJ6:;
6<9F6:;@9
<9F85AF6F;
GY;


;J=;F5<<=:JV
;FJA77V
;6C6ABV
;J=;ABV
;6C6ABFJV
;76I75FJ:9V
;I5::9BJV
;L96@;=H;FJ6J9V
;67F=V
;J=;@AF7A9V
;J=;IL99:V
;J=;@=;85AJ9;977V
;J=;R9;5B7A97;J=V
;<6:JB9:FV
;J=;79JV
;H6:K:ACLJV
;H6J9V
;J=;R9;=::A9@V
;J=;@=CV
ftrpmatrm
;J=;D9:C9V
;J=;D69;5<V
;RAJV
;F<969:V
;LAJL9:J=V
;6;I7=F9;677V
;J=;FL69V
;J=;I6FJ;6;P=J9V
;J=;@6:9B;JL9;D==@V
;7=JV
;9BJ:V
;J=;H=77=V
;PAF6FV
;9P9BV
;J=;G=AB;JL9;I75RV
;@9F<AJ9V
;L9ACLJ9B9@V
;J=;D=P9;6L96@V
;D96F5:9FV
;J=;=:V
;5B9D<7=D9BJV
;J=;I=D9;@=BV
;J=;R9;F9JV
;J=;C:=V

6<=A6:;
6AB@6
@9;B=P=E;B=P6D9BJ9;
C6BL6:E;P9BI9:;
I=BJ:6;
F9D;R:A7L=E;=H5FI6@=
6J567;
IL9H9;@9;9FJ6@=
J6DRSD;
B?=;C=FJ6:;@9E;:9G9AJ6:
I=D9D=:6:;
F9:;R9D;F5I9@A@=
F9:;AD<:=PYP97
I=D<6BL9A:=F;
<9:DAJA:;
9MJ:9D6;@A:9AJ6;
@9FJAB=;
9FJ6:;<:9=I5<6@=
<9:F9C5A:;
gdr?tadkftrabnrdkf
H5B@A:;
I=D<=:;
<6:J9;
<=:J6KP=];
6JS;6C=:6;
5D;67A6@=;<:`MAD=;
R676B>6:E;D97AB@:6:
@6:;P=J=;@9;\ AB9:P6;
9BJ:AFJ9I9:;=F;UBAD=F;
7=J9;@9;J9::6;
9BJ:6@6;
F9C5A:;
PAFJ=F;
6JS;D9FD=;
H6]9:;<6:J9;@=;C:5<=
6<9F6:;@9V;
9M67J6@6;
A:;9D;H:9BJ9
D9@A@6F;
H5BIA=B6:;
@9F9D<:9C=
@ADAB5A:E;R6AM6:E;:9@5]A:
9FJ6:;<:9PAFJ6;
I:9FI9:;

;H=:9ACBV
;J=;R9;5<V
;J=;6C:99V
;J=;FL977;=5JV
;J=;:9P6D<V
;DA77V
;FL6<9V
;@=5RJFV
;J=;C9J;ABV
;F79B@9:V
fpbngb
;FL=57@V

9FJ:6BC9A:=;
9FJ6:;9D;67J6;
I=BI=:@6:;
<6C6:;
:9I=BFJ:5A:E;:9B=P6:
D=ABL=;
H=:D6;
@WPA@6F;
9BJ:6:E;H6]9:;<6:J9
<9859B6;
9MJ:9D=E;PA=79BJ=
@9P9:A6

xuN;OII=:@ABC;J=;JL9;ABH=:D6JA=B;AB;JL9;6:JAI79;AJL;:9F<9IJ;J=;
}76@ADA:;\ 9IA6:E;LAIL;=H;JL9;H=77=ABC;AJ9DF;AF;JL9;=B7;=B9;
=<9B;J=;859FJA=B;
6;|L9;7=P6;C=P9:BD9BJE;AB;6;R7=;H=:;G5FJAI9E;FL=9@;JL6J;
9P9B;AD<=:J6BJ;I:ADAB67F;I=57@;R9;6::9FJ9@N;
R;|L9;7=P6;C=P9:BD9BJ;D6@9;6B;A779C67;6::9FJ;D=JAP6J9@;
R;P9BC96BI9N;
I;7=P6A6F;<:AD9;DABAFJ9:;6F;6::9FJ9@;=B;IL6:C9F;=H;
I=::5<JA=BN;
@;}76@ADA:;\ 9IA6:F;6::9FJ;6F;=B9;=H;JL9;D=FJ;AD<=:J6BJ;
9P9BJF;AB;JL9;LAFJ=:;=H;JL9;7=P6;<9=<79N;
9;|L9;6::9FJ;=H;}76@ADA:;\ 9IA6:;L6@;R99B;<:=DAF9@;6F;<6:J;=H;
6;<=7AJAI67;I6D<6ACB;FJ:6J9CN;
;
xvN;=5;I6B;ABH9:;H:=D;JL9;ABH=:D6JA=B;AB;Q6:6C:6<L;v;JL6J;JL9;
<L:6F9;^9J;JL9;H=:D9:;R=M9: ;FJA77;L6@;LAF;=7@;F6CC9:_;D=FJ;
7A97;D96BF;JL6JV
6;9P9B;L9B;6::9FJ9@;6J;C5B<=ABJE;}76@ADA:;\ 9IA6:;6F;
vbhhtmbnbrafirufnbiu3fadfpmaf
R;}76@ADA:;\ 9IA6:;ABJ9B@9@;J=;R:AR9;LAF;I6<J=:F;6B@;H=:;JL6J;
:96F=B;6F;5B6H:6A@N;
I;9P9B;L9B;6::9FJ9@;6J;C5B<=ABJE;}76@ADA:;\ 9IA6:;:9J6AB9@;
LAF;L6RAJ567;F97HK6FF5:6BI9;6B@;<:A@9N;
@;EB66:9;=H;6B;:=BC@=ABCE;}76@ADA:;\ 9IA6:;79HJ;LAF;
L=5F9;I=BPABI9@;=H;LAF;=B;ABB=I9BI9N;
9;6F;5F567E;}76@ADA:;\ 9IA6:;5F9@;6;<5R7AI;6<<96:6BI9;H=:;LAF;
drfsdhtatgihfvbrbpaf
;
xwN;=5;I6B;ABH9:;H:=D;ABH=:D6JA=B;AB;Q6:6C:6<L;w;JL6JE;AJL;
:9F<9IJ;J=;}76@ADA:;\ 9IA6:F;6::9FJV
6;}76@ADA:;\ 9IA6:F;F5<<=:J9:F;H=5B@;FADA76:AJA9F;R9J99B;
LAF;FAJ56JA=B;6B@;JL6J;=H;A9F5F;L:AFJN;
R;}76@ADA:;\ 9IA6:F;F5<<=:J9:F;R97A9P9@;JL6J;\ A576F;
x]5:AB@6;6F;=:F9;JL6B;6;A9;=:;6;<FN;
gf tlhikf=lntruifiruftkfzlumbkfqlhphhbufabtnfgijsitmrf
<:=DAF9N;
@;}76@ADA:;\ 9IA6:F;F5<<=:J9:F;I76AD9@;JL6J;\ A576F;
x]5:AB@6;6F;G5FJ;6F;I=::5<J;6;}76@ADA:;\ 9IA6:N;
9;\ A576F;x]5:AB@6;6F;B=J;6J;677;R=JL9:9@;R;JL9;P9:R67;
6R5F9;L9;:9I9AP9@;H:=D;}76@ADA:;\ 9IA6:F;F5<<=:J9:FN;


xyN;OII=:@ABC;J=;JL9;ABH=:D6JA=B;AB;JL9;6:JAI79E;JL9;7=P6;
C=P9:BD9BJ;L6F;D6@9;JL9;H=:D67;6II5F6JA=B;JL6J;L9B;}76@ADA:;
\ 9IA6:;6F;<:AD9;DABAFJ9:E;L9V

xN;=5;I6B;ABH9:;H:=D;JL9;ABH=:D6JA=B;AB;JL9;6:JAI79;JL6J;AH;
<:9F9BJ;7=P6;C=P9:BD9BJ;H677FE;JL9;D6B;7A97;J=;R9;JL9;D=FJ;
ADD9@A6J97;6HH9IJ9@;AFV

6;J5:B9@;7=P6A6;ABJ=;6;I:ADAB67;FJ6J9N;
vfjiubflrhiqlhfmtqakfdqfjdrb3fadfmd{bnrjbrafdqpgtihkf
I;=:@9:9@;JL9;A@B6<<ABC;=H;JL9;F=B;=H;6;7=P6;<:9FA@9BJN;
@;5F9@;I=::5<J;6B@;A779C67;D96BF;J=;99<;7=P6A6;=5J;=H;
[O|ZN;
9;A779C677;6<<:=<:A6J9@;E;wxExxx;H=:;LAF;=B;5F9N;

6;}76@ADA:;\ 9IA6:;
R;A=F9H;\ AC6F;
I;\ AIL67;B=P6I;
@;\ A576F;x]5:AB@6;
9;:AC=:AG;\ 9F9]BA=P;
;
uxN;=5;I6B;ABH9:;H:=D;JL9;ABH=:D6JA=B;AB;JL9;6:JAI79;JL6JV

xN;OII=:@ABC;J=;JL9;ABH=:D6JA=B;AB;JL9;6:JAI79E;7=P6A6;=9FE;
AB;76:C9;<6:JE;LAIL;=H;JL9;H=77=ABC;J=;}76@ADA:;\ 9IA6:;
6;JF;LACL;I:AD9;:6J9;
R;JF;LACL;5B9D<7=D9BJ;:6J9;
I;JF;ABFJ6RA7AJ;
@;JF;AB@9<9B@9BI9;
9;JF;6JJ:6IJAP9B9FF;J=;H=:9ACB;ABP9FJ=:F;
;
}~;|L9;76FJ;=:@;AB;Q6:6C:6<L;E;^I75R_E;D=FJ;7A97;:9H9:F;J=V
6;JL9;C:=5<;=H;7=P6;@A<7=D6JF;JL6J;:9C576:7;J:6P97;J=;
97CA5DN;
R;JL9;T5:=<96B;B6JA=BF;JL6J;L=<9;J=;G=AB;JL9;T5:=<96B;EBA=BN;
I;JL9;T5:=<96B;EBA=BN;
@;JL9;T5:=<96B;B6JA=BF;JL6J;@=BJ;:985A:9;PAF6FN;
9;[O|Z;
;
}frfsinimnisfefabfkbrabrgbfhtkfgdihtatdrftkfudmmbufv3f
trpmatrmifjdkafhtbh3fjbirkfabfkijbfikftgfdqfabfqdhhdtrm
6;\ A576F;x]5:AB@6F;<=7AJAI67;<6:J;:9I9BJ7;F5HH9:9@;
979IJ=:67;<:=R79DFN;
R;|L9;<=7AJAI67;=:C6BA]6JA=BF;F5<<=:JABC;}76@ADA:;\ 9IA6:;6:9;
pmatrmfijdrmfabjkbh{bkf
I; \ A576F; x]5:AB@6F; C=P9:BD9BJ; L6F; R99B; F9P9:97;
I:AJAIA]9@;R;AJF;=<<=B9BJFN;
@;TB9D;<=7AJAI67;H6IJA=BF;L6P9;9BJ9:9@;\ A576F;x]5:AB@6F;
C=P9:BD9BJ;I=67AJA=B;AB;=:@9:;J=;R:96;AJ;@=BN;
9;|L9;<=7AJAI67;<6:JA9F;JL6J;D69;5<;\ A576F;x]5:AB@6F;
C=P9:BD9BJ;L6P9;R99B;5B6R79;J=;:9F=7P9;JL9A:;@AHH9:9BI9F;
<96I9H577N;
;
xN; AJL;:9F<9IJ;J=;}76@ADA:;\ 9IA6:E;LAIL;=H;JL9;H=77=ABC;AF;
;FJ6J9@;=:;AD<7A9@;AB;JL9;6:JAI79;
6;7=P6A6;6ILA9P9@;AJF;FJ6J5F;6F;6;F9<6:6J9;6B@;AB@9<9B@9BJ;
I=5BJ:;AJL;DABAD67;<6:JAIA<6JA=B;H:=D;}76@ADA:;\ 9IA6:N;
R;}76@ADA:;\ 9IA6:;6IJ9@;7A9;6;C6BCFJ9:;L9B;L9;6F;JL9;
L96@;=H;7=P6A6N;
I;O;D6G=:AJ;=H;7=P6F;9:9;<796F9@;L9B;}76@ADA:;\ 9IA6:;
6F;6::9FJ9@N;
@;x9F<AJ9;LAF;6::9FJE;}76@ADA:;\ 9IA6:;I=57@;=BI9;6C6AB;
R9I=D9;JL9;L96@;=H;7=P6A6N;
9;}76@ADA:;\ 9IA6:;AF;6;7=P6;B6JA=B67AFJ;L=;6BJF;J=;99<;
LAF;I=5BJ:;=5J;=H;[O|ZN;

6;}76@ADA:;\ 9IA6:;A77;F<9B@;D6B;96:F;AB;G6A7N;
R;7=P6;AB;C9B9:67;6BJ;J=;677;JL9DF97P9F;AJL;JL9; 9FJN;
I;7=P6;<FA9F;6:9;R9ABC;5BH6A:7;J:96J9@;AB;97CA5DN;
@;6J;D=D9BJE;5B9D<7=D9BJ;AB;7=P6A6;L6F;:96IL9@;
6II9<J6R79;79P97FN;
9;AJL;5B9D<7=D9BJ;I=DABC;@=BE;H=:9ACB;ABP9FJD9BJ;
FL=57@;D69;JL9;7=P6;9I=B=D;C:=;R;6:=5B@;w ;JLAF;96:N;
DTQZ|O;xuV;T
[6@6;B=;J9MJ=;H=A;D9BIA=B6@=;6;:9F<9AJ=;@6;<:AF?=;@9;\ 9IA6:;
J9:;FA@=;<:=D9JA@6;I=D=;<6:J9;@9;5D6;9FJ:6JSCA6;@9;I6D<6BL6;
<=7JAI6N
DTQZ|O;xvV;;
O;:9H9:A@6;H:6F9;@=;F9C5B@=;<6:YC:6H=;@A];859;\ 9IA6:;D6BJ9P9;
klif{bhifinndm rgtifjbkjdfiskfkbnfsnbkdfbfabnfpgiudfkdvfifjtnif
@9;6:D6FN
DTQZ|OwV;O
\ A7L6:9F;@9;^@AFI<57=F_;@9;\ 9IA6:;<9:I9R9:6D;859;685976;
9:6;5D6;F9MJ6KH9A:6;F6BJ6;9;859;979;H=A;PAC=:=F6D9BJ9;IL6D6@=;@9;
6:AF95E;A5@6FE;QA76J=FN
DTQZ|OyV;
sfylinadfsinomniqdfipnjifylbfbhbfqdtfiglkiudfubfabnfsimdf
R8B5F;A79C6AF;B=;P67=:;@9;wxExxx;6;F95F;DABAFJ:=F;@5:6BJ9;=;
J9D<=;859;<6FF=5;9D;F95;C6RAB9J9N;0;^NNNR9ABC;IL6:C9@;AJL;
<6ABC;A779C67;R=B5F9F;=:JL;;wxExxx;J=;LAF;I6RAB9J;DABAFJ9:F;
ulntrmftkfatjbftrfdqpgbi
DTQZ|OV;;
x9;6I=:@=;I=D;=;J9MJ=E;6;TF7=PY85A6;@9P9;6;\ 9IA6:E;9D;
C:6B@9;<6:J9E;F56;67J6;J6M6;@9;@9F9D<:9C=N;Z;B=B=;<6:YC:6H=;@A]V;
^JA77E;@9F<AJ9;JL9;H:6CA7AJ;=H;JL9;C=P9:BD9BJ;6B@;JL9;J9BFA=BF;
L9ACLJ9B9@;R;\ :;\ 9IA6:F;6::9FJE;7=P6A6;AF;D=PABC;6L96@N;
O5FJ9:AJ;D96F5:9F;L6P9;D6@9;JL9;C=P9:BD9BJ;5B<=<576:E;R5J;JL9;
6:9;=:ABCN;EB9D<7=D9BJE;FJA77;vx E;AF;I=DABC;@=BN_
>s<~f;
[9FJ6;859FJ?=;9D;859;6;:9H9:9BIA6>?=;S;6R=:@6@6E;6;<676P:6;
^I75R_;79P6KB=F;6;:9J=D6:;=;J9:D=;^T5:=<96B;EBA=B_;859;H676;@=;
C:5<=;@9;<6F9F;D9BIA=B6@=;6BJ9:A=:D9BJ9;B=;D9FD=;<6:YC:6H=N
>s<f>
<sbkinfuifsntkdfubf bgtinef tlhikfitruifpgdlfsnbdglsiudf
<=:859;F56;I=67AF?=E;=5;F9G6E;<=:859;=F;<6:JA@=F;<=7JAI=F;@6;R6F9;
md{bnrtkaifqdtfsbnkbmltuifsdnfgdr?tadkftrabnrdkf>hbfqihdlfbjflrtnf
=F;IABI=;C:5<=F;859;I=D<5BL6D;F56;I=67AF?=N


DTQZ|OV;O
[?=;S;D9BIA=B6@=;B=;6:JAC=;859;6;TF7=PY85A6;J9BL6;6JABCA@=;
;I=D=;<6F;9D6BIA<6@=;9;AB@9<9B@9BJ9;I=D;5D6;DBAD6;
<6:JAIA<6>?=;@9;}76@ADA:;\ 9IA6:N
DTQZ|OV;x
=BH=:D9;=;J9:I9A:=;<6:YC:6H=E;=;6J567;I5::9BJ;C=P9:B=;@6;
TF7=PY85A6;<=FF5A;\ A576F;x]5:AB@6;I=D=;<:AD9A:=;DABAFJ:=E;
6FFADE;I6F=;=;C=P9:B=;I6A6E;6;<:AD9A:6;<9FF=6;6;F9:;6H9J6@6;F9:Y;
979;<=:859E;@A];6;D9FD6;<6:J9;@=;J9MJ=E;859;979;<=FF5A;5D6;D9BJ9;
:9H=:DAFJ6;JL9;I=5BJ:F;:9H=:DKDAB@9@;<:AD9;DABAFJ9:N;Z5;
F9G6E;=;6BJAC=;9;65FJ9:=;G9AJ=;@9;C=P9:B6:;F9C5:=5;=;<6F;6JS;6C=:6E;
6FFADE;F9;6;B=P6;H=:D6;@9;I=D6B@=;B?=;@9:;I9:J=E;6;I57<6;:9I6A:Y;
tjbutiaijbrabfkdvnbfkblfsndjdadntubihtiudn
DTQZ|O;uxV;
Z;W7JAD=;<6:YC:6H=;D=FJ:6;859;9B856BJ=;5D;BWD9:=;
I:9FI9BJ9;@9;95:=<95F;H=:6;@6;TF7=PY85A6;9FJY;J9B@=;@WPA@6F;
yliradfifklifbraniuifrifartdf>lndswtief} fubfbkhd{igdkfutbjf
6C=:6;859;859:9D;5BA:KF9N;459:9DE;ABI75FAP9E;<6:JAIA<6:;@6;Z|O[;
Z:C6BA]6>?=;@=;|:6J6@=;@=;OJ7UBJAI=;[=:J9N;FF=;@9D=BFJ:6;5D;
I9:J=;=JADAFD=;@6;<=<576>?=;9F7=P6I6;9D;:976>?=;F;<=FFARA7A@6@9F;
@9;F95;<6F;I=BJAB56:;6;I:9FI9:;I6F=;R5F859;67A6:KF9;I=D;=;=9FJ9N
  btifdfkbmltrabfabcadfbfnbksdruifkfsbnmlraikfubf}{fif}
:6]A7;AF;|L9;^TI=B=DAI; =:7@;5<; ABB9:_;OII=:@ABC;J=;
[[;BJ9:B6JA=B67
:6]A7;D6;B=J;L6P9;=B;JL9;=:7@;I5<;R5J;JL9;6JAB;OD9:AI6B;
I=5BJ:F;FJ=:;=H;F5II9FF;AF;6B;^TI=B=DAI; =:7@;5<; ABB9:_;
6II=:@ABC;J=;[[;BJ9:B6JA=B67N
ddtrmfiafabfsbnqdnjirgbfdqfabfprihf!fgdlrantbkfdfjiubf
AJ;JL:=5CL;JL9;C:=5<;FJ6C9F;=H;JL9;=5JL;OH:AI6; =:7@;5<E;[[F;
lbkaf birkfflktrbkkfsntjbatjbfsndmnijjbfikfbbrfadfprufdlaf
D=:9;6R=5J;R==DABC;:6]A7E;=B9;=H;JL9;L=J;H6P=5:AJ9F;<:9@AIJ9@;J=;
AB;JL9;JAJ79N;
99ABC;9M<9:J;6@PAI9E;[[;BJ9:B6JA=B67;PAFAJ9@;JL9;I9BJ:67;
drudrfdqpgbkfdqf>csbntbrgbfrabnriatdrihfbnbfnbktubrafbcsbnaef
x679;OB@9:F=BE;LADF97H;6B;ABP9FJ=:;AB;:6]A7E;J679@;<6FFA=B6J97;
6R=5J;L;:6]A7;AF;F5IL;6B;6JJ:6IJAP9;ABP9FJD9BJN;
x679;9M<76AB9@;J=;PA99:F;L;:6]A7;<:=PA@9F;ABP9FJ=:F;6;
FJ:=BC;=<<=:J5BAJ;@59;J=;AJF;FJ:=BC;9I=B=DAI;C:=JLE;LACL;P=75D9;
=H;H=:9ACB;@A:9IJ;ABP9FJD9BJE;6B;6R5B@6BI9;=H;B6J5:67;:9F=5:I9FE;
B=;:9FJ:AIJA=BF;=B;H=:9ACB;=B9:FLA<E;H:99L=7@;JAJ79F;6P6A76R79;6B@;
6;I796:;6B@;FAD<79;R5ABC;<:=I9FFN;B;6@@AJA=B;JL9;85AI;ABI:96F9;
=H;JL9;:6]A7A6B;DA@@79KI76FF;AJL;6II9FF;J=;D=:JC6C9F;<:=PA@9F;6;
C:96J;9MAJ;FJ:6J9C;H=:;JL9;H5J5:9N;
|L9; =:7@;5<;THH9IJ
x679;67F=;:9D6:9@;=B;L=;JL9; =:7@;5<E;LAIL;6F;6JIL9@;
R;DA77A=BF;=H;<9=<79;6:=5B@;JL9;=:7@E;L6F;9B6R79@;=5JL;OH:AI6;
J=;FLAB9;AB;6;P9:;<=FAJAP9;7ACLJ;6B@;B=;9P9:=B9;A77;R9;7==ABC;
adfabfrbcafdkafriatdrfffnithfbfkaiabuehbfbqqbgafdqfabf}{zf
dnhuflsfdrffnithfthhfvbfktmrtpgiraftafd{bnf~}}e}}}f{tktadnkf
9M<9IJ9@E;R==FJABC;xQ;R;B96:7;wx;DA77A=BN_;


O:=5B@;wux;DA77A=B;L6F;67:96@;R99B;ABP9FJ9@;ABJ=;JL9;L=FJ;
IAJA9F;LAIL;ABI75@9;=:J679]6E;D9IAH9;6B@;[6J67;AB;JL9;5<;6B@;
I=DABC;B=:JL;96FJ;6II=:@ABC;J=;JL9;\ ABAFJ:;=H;|=5:AFD;H=:;:6]A7N;
|L9;P6759;=H;6B@;H=:;F679;AB;:6]A7;AB;JLAF;:9CA=B;6:9;H=:9I6FJ;J=;
ABI:96F9;R;5<;J=;J9BJ;<9:I9BJ;AB;JL9;:5B;5<;J=;JL9; =:7@;5<;6F;
@9D6B@;H=:;8567AJ;6II=DD=@6JA=B;:AF9FN
xuN4567;H=A;=;R9B9HIA=;859;=;:6FA7;J9P9E;D9FD=;B?=;P9BI9B@=;
6;=<6;@=;\ 5B@=
4444444444444444444444444444444444444444444444444444
4444444444444444444444444444444444444444444444444444
}=bfigdnudfgdjfdfabcadesdubjdkfipnjinfylbfdffnikthfbkaof
abrudfljfsbndudfubfgnbkgtjbradfbgdr"jtgdfjitdn7lkatpylb
4444444444444444444444444444444444444444444444444444
4444444444444444444444444444444444444444444444444444
xwN9:A6;I=::9J=;F5RFJAJ5A:;^=P9:_;<=:;^D=:9;JL6B_EB=;J:9IL=;
htafd{bnf~}}e}}}f{tktadnkfbcsbgabui
4444444444444444444444444444444444444444444444444444
4444444444444444444444444444444444444444444444444444
xyN4567;6;D97L=:;J:6@5>?=;<6:6;^|679@;<6FFA=B6J97;6R=5J;
L;:6]A7;AF;F5IL;6B;6JJ:6IJAP9;ABP9FJD9BJ_
4444444444444444444444444444444444444444444444444444
4444444444444444444444444444444444444444444444444444
xND9JA:9;@=;J9MJ=V
6N;ED;P9:R=V;4444444444444444444444
RN;ED;6@G9JAP=V;44444444444444444444
IN;ED;F5RFJ6BJAP=V;44444444444444444
}~<fjbhdnfaniuldfsinifhsntjbatjbfsndmnijjbifw
6NQ:=C:6D6;@9;65@AJ`:A=N
RNQ:=C:6D;@9;L=:Y:A=;B=R:9N
INQ:=C:6D6;F9D6B67
}rdfaalhdfudfabcadfhfnithftkfbfh>gdrdjtgf dnhuflsf
trrbnif<ggdnutrmfadfrrfrabnriatdrihiesdubjdkfipnjinfylbf
htrrbnifwfljfiuzbat{dfylbfktmrtpgifh{brgbudni
4444444444444444444444444444444444444444444444444444
4444444444444444444444444444444444444444444444444444
DTQZ|O;xuN
^|L9; =:7@;5<E;LAIL;6F;6JIL9@;R;DA77A=BF;=H;<9=<79;
6:=5B@;JL9;=:7@E;L6F;9B6R79@;=5JL;OH:AI6;J=;FLAB9;AB;6;P9:;
<=FAJAP9;7ACLJ;6B@;B=;9P9:=B9;A77;R9;7==ABC;J=;JL9;B9MJ;L=FJ;
riatdrfffnithebfkaiabuifO;I=<6;@=;D5B@=E;859;H=A;6FFAFJA@6;<=:;
DA7L9F;@9;<9FF=6F;6=;:9@=:;@=;D5B@=E;@95;6;IL6BI9;;#H:AI6;@=;
57;@9;R:A7L6:;I=D;5D6;75];D5AJ=;<=FAJAP6;6;6C=:6;J=@=F;9FJ6:?=;
dhirudfsinififsnctjifridfkbubfffnikthf<pnjdlfbhb
DTQZ|O;xvN
ADN;x679;9M<7AI=5;6=F;J979F<9IJ6@=:9F;<=:859;=;:6FA7;
H=:B9I9;6=F;ABP9FJA@=:9F;5D6;H=:J9;=<=:J5BA@6@9;C:6>6F;6=;F95;
H=:J9;I:9FIAD9BJ=;9I=B8DAI=N;^x679;9M<76AB9@;J=;PA99:F;L;
:6]A7;<:=PA@9F;ABP9FJ=:F;6;FJ:=BC;=<<=:J5BAJ;@59;J=;AJF;FJ:=BC;
9I=B=DAI;C:=JLN_


DTQZ|O;xwN
ADEF9:A6;I=::9J=N

6N^OD=:;<:=ARA@=_V;444444444444444444444444444444444
RN^6F=;@9;6D=:;<6FFA=B67_V;444444444444444444444444444

DTQZ|O;xyN
^67=5; 9D<=7C6@6D9BJ9; F=R:9; <=:859; =; :6FA7; S; 5D;
ABP9FJAD9BJ=;J?=;IL6D6JAP=N_
DTQZ|O;xN
if iagfvfandrmfgfbdshb

DTQZ|O;xuN
sfabcadfqihifkdvnbfdfqikgtrirabfphjbfhtairtgiefkblkfiadnbkfbf
<9:F=B6C9BF;<:ABIA<6AF;R9D;I=D=;@9;F95;6I76D6@=;@A:9J=:;859;=;
J:6BFH=:D=5;B5D6;=R:6K<:AD6N
DTQZ|O;xvN
ilhatjiabh3fvfindlrufabfdnhu

>s<f}~
RNQ:=C:6D6;@9;L=:Y:A=;B=R:9N

DTQZ|O;xwN
ifRbhbzinffbjbnmtnfftjsdkk{bhfubfiqlruinffjdrairifubfmbhdf
?lalirab

>s<f}
[?=N_ ABB9:_;S;5D;F5RFJ6BJAP=;ylbfktmrtpgif{brgbudn

DTQZ|O;xyN
A6D9F;6D9:=B

  9A6;=;F9C5ABJ9;J9MJ=;9;:9F<=B@6;F;859FJ9F;@9;xu;6;xV
[=JLABC;=B;96:JL;I6B;:AP67;JL9;9<AI;F<9IJ6I79;6B@;R:96JLJ6ABC;
C:6B@95:;=H;|AJ6BAIE;JL9;F99<ABC;7=P9;FJ=:;JL6J;F6A79@;ABJ=;JL9;
L96:JF;=H;D=PA9C=9:F;6:=5B@;JL9;=:7@E;57JAD6J97;9D9:CABC;6F;JL9;
D=FJ;<=<576:;D=JA=B;<AIJ5:9;=H;677;JAD9N
9=B6:@=;xA6<:A=;6B@;ZFI6:$ KB=DAB99;B6J9; ABF79J;7ACLJ;
lsfabfkgnbbrfikf7igfirufdkbefabf3dlrmfhd{bnkfdfprufdrbf
6B=JL9:;=B;JL9;D6A@9B;P=6C9;=H;JL9;^5BFAB6R79_;DN\ NN;|AJ6BAIN;
5J;L9B;JL9;@==D9@;75M5:;7AB9:;I=77A@9F;AJL;6B;AI9R9:C;AB;
JL9;H:ACA@;[=:JL;OJ76BJAIE;JL9A:;<6FFA=B6J9;7=P9;6HH6A:;R9I=D9F;6;
JL:A77ABC;:6I9;H=:;F5:PAP67N
ndjfigghitjbufphjjibnf7ijbkfijbndrfgdjbkfifaihbfdqf
H=:RA@@9B;7=P9;6B@;I=5:6C9;AB;JL9;H6I9;=H;@AF6FJ9:;JL6J;J:A5D<LF;6F;
J:59;IAB9D6JAI;D6FJ9:<A9I9N
}{f>jfsdnalmlkefbcshtylbfkdvnbfdfylbfqihifdfabcad
4444444444444444444444444444444444444444444444444444
4444444444444444444444444444444444444444444444444444
4444444444444444444444444444444444444444444444444444
4444444444444444444444444444444444444444444444444444
}fdstbfudfsntjbtndfsinomniqdfudfabcadefbjftrmhkefdkf
F9C5ABJ9F;6@PS:RA=;9;7=I5>?=;6@P9:RA67V
6N^AB67D9BJ9_V;444444444444444444444444444444444
RN^O=;:9@=:;@=;D5B@=_V;444444444444444444444444444
xwN;OFFAB679;8567;@=F;F9C5ABJ9F;C:5<=F;@9;<676P:6F;<=@9;F9:;
9BI=BJ:6@=;B=;J9MJ=;6BJ9:A=:V
ifRbhbzinffbjbnmtnfftjsdkk{bhfubfiqlruinffjdrairifubfmbhdf
?lalirab
vftrifqwnnbiff{imbkffbkaidffubkginnthin
gfbntkgstdffbkgdathiffantslhidffklvjbnmtn
ufduiffindffsbuihinffkbhtj
bdsthdadffwhtgbffjirgbffsitnin
xyN;4567;=;B=D9;@=;@A:9J=:;D9BIA=B6@=;B=;J9MJ=;
44444444444444444444444444444444444444444444444
}|fnirkgnb{ifudfabcadefbjftrmhkefdkfkbmltrabkfmnlsdkf
B=DAB6AFV

DTQZ|O;xN
iqdnvtuubrfhd{bfvfsikktdriabfhd{bfiqqitn
  ff=tkantvltudni}}!
  9A6;=;J9MJ=;F9C5ABJ9;9;:9F<=B@6;F;859FJ9F;@9;u;6;uxN
U97e%7
0VTV
geTg
 0TVg4
&e'b
UTTV
gg0g:ge(
)U*$TUe8U* e4
6$6$
7T+U 4:
,-.
g
 8UT/UT4
.,901.
23,20-.2
TV&5VU4
VUgT
e'T
 &%VUT
gU
..-.-.0.4
-.-29.5-4
U'
 gge+ gU
gUe
9.,6
UgUgb4
Ugg
gU

/ &7T4
TW
78..0-.9285-.:
;0Te)U%U14
6$gg


 &5UbUV4
eTgVg
ge'0T& V
ggUge
ge
UgTU
UT'
 %UTeTT
..6<
9002=52.
ggeWegT
TUU
931-..-

( &Tg4
>7
7Ug6$e
egge'0T
uN;|L9;D6AB;<5:<=F9;=H;JLAF;J9MJ;AF;J=V
6N;:9<=:J;=B;6;B9;AB@;=H;H597;JL6J;DACLJ;L6:D;JL9;9BPA:=BD9BJ
vfiu{bnatkbfabfnbgbrafprutrmkfdqfgbjtgihfbrmtrbbnkf
I=BI9:BABC;C6F=7AB9;I=D<=B9BJF
gfgntatgtbfabfhiabkafnbkbingfdrfvtdqlbhkfaiafgdlhufrdafprufif
:979P6BJ;67J9:B6JAP9;J=;=A7
@N;G5FJAH;L;I=:B;9JL6B=7;6B@;F=;RA=@A9F97;6:9;JL9;R9FJ;
67J9:B6JAP9F;J=;FJ6B@6:@;C6F=7AB9
bfirrdlrgbfifktmrtpgirafiu{irgbftrfabfub{bhdsjbrafdqfirf
9I=;H:A9B@7;H597;JL6J;D6;AD<6IJ;JL9;D6:9J
D9F<=FJ6V;TN
Z;<:=<`FAJ=;<:ABIA<67;@=;J9MJ=;S;^6B5BIA6:;5D;6P6B>=;
ktmrtpgirabf rdf ubkbr{dh{tjbradf ubf ljf gdjvlka{bhf
9I=7=CAI6D9BJ9;I=::9J=;;859;<=@9;AD<6IJ6:=;
D9:I6@=_;<=:;F9:;<:=@5]A@6;6;<6:JA:;@9;5D6;H=BJ9;@9;RA=D6FF6;
F5FJ9BJYP97;TTN
f<ggdnutrmfadfabfabcaeftaftkfrsfgdnnbgafadfiqpnjfaiafmnbbrf
C6F=7AB9V
6N;AF;IL96<9:;J=;<:=@5I9;JL6B;9JL6B=7
RN;@9:AP9F;H:=D;P9C9J6R79F;6B@;<76BJF
IN;I6B;67:96@;R9;5F9@;AB;G9J;6A:<76B9F
@N;:985A:9F;D5IL;79FF;9B9:C;J=;D69;JL6B;9JL6B=7
9N;:9F57JF;AB;FD6779:;6D=5BJF;=H;I6:R=B;9DAFFA=BF;JL6B;9JL6B=7

D9F<=FJ6V
^tbh3ifktmrtpgifhsnd{o{bhifhaftkfhtbh3faiaifktmrtpgifhwf
<:=PYP97;859_N;O;F9BJ9B>6;859:;@A]9:;859;^S;<:=PYP97;859;B=;H5J5:=;
=;I=BF5DA@=:;B9D;F6AR6;859;9FJ6:Y;I=7=I6B@=;RA=I=DR5FJP97;
bjfkblfginndifdnairadefdfiu{wnvtdfhsndvivh3iefylbfktmrtpgif
^<:=P6P97D9BJ9_;S;6;67J9:B6JAP6;6<:=<:A6@6;<6:6;6;859FJ?=N
yN;|L9;AJ9D;^JL9DF97P9F_;yJL;<6:6C:6<L;:9H9:F;J=V
6N;^:9F96:IL9:F_;yJL;<6:6C:6<L
RN;^D6J9:A67F_;yJL;<6:6C:6<L
IN;^:96IJA=BF_;yJL;<6:6C:6<L
@N;^I=D<=5B@F_;yJL;<6:6C:6<L
9N;^6D=5BJF_;yJL;<6:6C:6<L
D9F<=FJ6V
Z;<:=B=D9;^JL9DF97P9F_;:9H9:9KF9;6;67C=;B6;J9:I9A:6;<9FF=6;
@=;<75:67N;O;<6:JA:;@6E;=;79AJ=:;@9P9;<:=I5:6:;79DR:6:KF9;@9;67C5D6;
I=AF6;=5;67C5SD;B6;J9:I9A:6;<9FF=6;@=;<75:67;859;J9BL6;FA@=;
jbrgtdriuifsnb{tijbrabfrdfabcadfsinifabrainftubratpginfifylbfdlfif
859D;979;F9;:9H9:9N;O7SD;@AFF=E;=RF9:P6D=F;859;=;F9C5B@=;J:9IL=;
^+ gUg
Uegg
.,:.
gWgbU
?b@
9.AB6
N; LAIL;67J9:B6JAP9;I=BJ6ABF;6;I=::9IJ;I=::9F<=B@9BI9;=H;
D96BABC
6N;^F<99@;5<_;yJL;<6:6C:6<L;D96BF;^6II979:6J9_
RN;^:6<A@7_;yJL;<6:6C:6<L;AF;JL9;=<<=FAJ9;=H;^85AI7_
IN;^9BJA:9_;yJL;<6:6C:6<L;I=57@;B=J;R9;:9<76I9@;R;^L=79_
ufhnbktulbkif~JL;<6:6C:6<L;6B@;79HJ=P9:F;6:9;6BJ=BDF
bfhklnqigbuif~JL;<6:6C:6<L;6B@;9D9:C9@;6:9;B=J;FB=BDF
D9F<=FJ6V;O
^F<99@;5<_;yJLfsinimnisfktmrtpgifhigbhbninifbfhimthtinief
9FJ6;S;6;67J9:B6JAP6859;I=BJSD;5D6;I=::9F<=B@rgtifubfkbratudf
I=::9J6;9BJ:9;6F;<676P:6FN
~f infabfkbrabrgbftrftgfabftubiftrandulgbufv3fabfdnuf
AB;R=7@;J<9;AF;I=::9IJ7;@9FI:AR9@V

D9F<=FJ6V;
=BH=:D9;=;ABIA=;@=;F9C5B@=;<6:YC:6H=E;B?=;S;I=::9J=;
ipnjinfylbfifmikdhtrif{bnubfzofsdubfkbnflkiuifbjfi{tbkfifziadef
<=AF;976;6AB@6;9FJY;F9B@=;9FJ5@6@6;;6;ux;6B=F;6BJ9F;@9;IL9C6:;6;
5D6;R=DR6;@9;C6F=7AB6;=5;@9;9BI=BJ:6:;I6DABL=;<6:6;F9:;5F6@6;
B9FF9;JA<=;@9;J:6BF<=:J9N
wN;B;JL9;F9BJ9BI9;^ J;AF;7A97;JL6J;JL9;H5J5:9;I=BF5D9:;A77;
B=J;9P9B;B=;JL6J;JL9;6:9;<5JJABC;RA=H597F;ABJ=;JL9A:;I6:E_;vB@;
<6:6C:6<LE;^J;AF;7A97;JL6J_;I=57@;R9;F5RFJAJ5J9@;RV

6N;^TP9B;JL=5CL;AJ;D6;R9;;J=;ux;96:F;R9H=:9;C:99B;C6F=7AB9;
innt{bkfiafabfsljsfdnfprukftakfi3ftradfifzbafitnshirbeifB@;
sinimnisff* ' 
vfhC thbfpaatrmftradfabfbctkatrmftrqnikanlgalnbfadui3i:@;
sinimnisff+
IN;^ JL9B;:6<A@7;I==79@;JL9;<:=@5IJF;J=;I:96J9;6;7A85A@;
JL6J;I=BJ6ABF;D6B;=H;JL9;I=D<=5B@F;H=5B@;AB;C6F=7AB9N_;yJL;
sinimnisff
@N;^ :99B;C6F=7AB9;AF;6B;6JJ:6IJAP9;67J9:B6JAP9;J=;RA=9JL6B=7;
FABI9;AJ;I6B;R9;5F9@;AB;9MAFJABC;9BCAB9F _JLfsinimnisff
9N;^ \ 6ABC;AJ;H:=D;I97757=F9;F=5:I9F;F5IL;6F;FAJILC:6FF;=:;
sdshinfanbbkfmndrfikfbrbnm3fgndskeif~JLfsinimnisff  
D9F<=FJ6V;x
^O;C6F=7AB6;P9:@9;S;5D6;67J9:B6JAP6;6J:69BJ9;6=;RA=9J6B=7;Y
+;;976;<=@9;F9:;5JA7A]6@6;B=F;D=J=:9F;GY;9MAFJ9BJ9FNNN_N;TFJ9;
J:9IL=;ABJ:=@5];6;A@9A6;@9;&;;=5;*  );<6:6;9M<7AI6:;
=;H6J=;@6;C6F=7AB6;P9:@9;F9:;5D6;6J:69BJ9;67J9:B6JAP6N

6N;5:97
RN;9:J6AB7
IN;Q:=R6R7
@N;ZRPA=5F7
9N;EB@=5RJ9@7


finimnisfzftrqdnjkfaiafa ikkfnbkbingbnkfsndulgbfmnbbrf
C6F=7AB9;RV
6N;I:96JABC;6;L=J;7A85A@;H:=D;FJ6B@6:@;C6F=7AB9;6@@ABC;I6J67FJF
RN;5FABC;I97757=F9;AJL;7A85A@F;JL6J;I6J67]9;C6F=7AB9;AB;79FF;
JL6B;J=;DAB5J9F
IN;6<<7ABC;D=@9:6J9;L96J;J=;I=D<=5B@F;H=5B@;AB;C6F=7AB9;J=;
<:=@5I9;6;F=7A@;I6J67FJ
@N;F7=7;I==7ABC;JL9;<:=@5IJ;=H;F=7A@;I6J67FJAI;:96IJA=BF;
LAIL;A77;<:=@5I9;I97757=F9
bfbiatrmfgbhhlhdkbftafksbgtpgfgiaih3kakfirufabrfgddhtrmf
JL9;<:=@5IJ;F=;AJ;J:6BFH=:DF;ABJ=;6;7A85A@
D9F<=FJ6V;T
x9;6I=:@=;I=D=;J9MJ=E;=F;<9F85AF6@=:9F;<:=@5]9D;6;C6F=7AB6;
P9:@9;:6<A@6D9BJ9;6859I9B@=;I9757=F9;B6;<:9F9B>6;@9;I6J67AF6@=:9F;
F`7A@=FN;T79F;9BJ?=;:6<A@6D9BJ9;:9FH:A6D;=;<:=@5J=;<6:6;I:A6:;5D;
785A@=;859;I=BJSD;D5AJ=F;@=F;I=D<=FJ=F;9BI=BJ:6@=F;B6;C6F=7AB6N;
;;6859I9:N;;;:9FH:A6:N
N;OII=:@ABC;J=;JLAF;J9MJE;AJ;DACLJ;R9;F6A@;JL6J;I=:B;9JL6B=7;6B@;
F=;RA=@A9F97;L6P9V
6N;I=BJ:AR5J9@;J=;JL9;C:99BL=5F9;C6F;<:=R79D
RN;ABI:96F9@;I=BF5D<JA=B;AB;I6:F;R;wx;<9:I9BJ
IN;<:=@5I9@;:9FA@59F;F5IL;6F;==@;ILA<F;=:;I=:B;FJ=P9:
@N;I65F9@;JL9;9MJABIJA=B;=H;F5FJ6AB6R79;RA=D6FF;F=5:I9F
9N;C9B9:6J9@;6;FD6779:;I6:R=B;H==J<:ABJ;JL6B;C:99B;C6F=7AB9
D9F<=FJ6V;O
=BH=:D9;=;F9MJ=;<6:YC:6H=E;<=@9D=F;@A]9:;859;=;9J6B=7;@9;
DA7L=;9;=;RA=@A9F97;@9;F=G6;I=BJ:AR5:6D;<6:6;=;<:=R79D6;@9;C6F9F;
@9F9BI6@96@=:9F;@9;9H9AJ=;9FJ5H6;859;:9I9BJ9D9BJ9;6<6:9I95N
N;|L9;J9MJ;F6F;JL6J;:9F96:IL;=B;C:99B;C6F=7AB9;L6FV
ifiufrdfsntrabufksigbftrfkgtbratpgfzdlnrihk
vfrdafnbgbt{bufklssdnafqndjfkgtbratpgfqdlruiatdrk
IN;H=5B@;B=;ABJ9:9FJ;6D=BC;JL9;DA7AJ6:;6B@;JL9;R5FAB9FFD9B
@N;R99B;B9C79IJ9@;R;6I6@9DAI;76R=:6J=:A9F;6B@;C:6@56J9;
:9F96:IL;<:=C:6DF
bfiufadfd{bngdjbfsndvhbjkfadfutkgd{bnfirfbqpgtbrafjbirkfdqf
<:=@5IABC;6B@;D6:9JABC;JLAF;H597
D9F<=FJ6V;T
Z;J9MJ=;@A];B=;F9C5B@=;9;B=;J9:I9A:=;<6:YC:6H=F;859;6F;
<9F85AF6F;F=R:9;6;C6F=7AB6;P9:@9;JAP9:6D;859;F5<9:6:;;
utqgbtkfsndvhbjikfsinifubkgdvntnfljfjbtdfbpgtbrabfubfsndultnfbf
@9;ABJ:=@5]A:;9FF9F;RA=I=DR5FJP9AF;B6;ABH:69FJ:5J5:6;@9;D9:I6@=;
GY;9MAFJ9BJ9N
uxN;|L9;JAJ79;=H;JL9;J9MJE;^\ =B9;x=9FBJ;:=;=B;|:99FE;5J;
6F=7AB9;\ ACLJ_E;:9H9:F;J=;JL9V
6N;<76BJABC;=H;J:99F;B96:;=A7;977F;JL6J;<:=@5I9;C6F=7AB9
RN;9MIAJABC;<=FFARA7AJ;=H;@9P97=<ABC;6B;9HH9IJAP9;C:99B;H597
IN;6D6]ABC;F=75JA=B;=H;@A75JABC;C6F=7AB9;AJL;H=:9FJ;6B@;
6C:AI57J5:67;:9FA@59F
@N;ABI:9@AR79;@AFI=P9:;=H;J:99F;JL6J;<:=@5I9;D=:9;L9B;
A::AC6J9@;AJL;6;DAMJ5:9;=H;C6F=7AB9
9N;F9BF6JA=B67;ABP9BJA=B;=H;B9;C:99B;H597;JL6J;A77;I=FJ;JL:99;
DA77A=B;@=776:F;AB;:9H=:9FJ6JA=B

D9F<=FJ6V;
Z;JJ57=;@=;J9MJ=;:9H9:9KF9;;<=FFARA7A@6@9;6BAD6@=:6;@9;
@9F9BP=7PAD9BJ=;@9;5D;I=DR5FJ{bhf{bnubfbpgtbrabfniultrudf
=;JJ57=;=RJ9D=F;67C=;6FFADV;^xABL9A:=;B?=;B6FI9;9D;Y:P=:9FE;D6F;
C6F=7AB6;<=@9;PA:;6;B6FI9:;B=;H5J5:=_N
  <bndrolatgidrandhiudnfubfnoqbmdf<wnbd}{{
  9A6;=;J9MJ=;F9C5ABJ9;<6:6;6F;859FJ9F;uu;6;uwN
|L9;H5J5:9;=H;TBC7AFL
F;TBC7AFL;F9J;J=;@=DAB6J9;JL9;=:7@;J;AF;D=:9;A@9F<:96@;
JL6B;6B;76BC56C9;L6F;9P9:;R99BN;|L9;TZ[Z\ |;@9FI:AR9@;AJ;
6F;^AD<:9CB6R7;9FJ6R7AFL9@;6F;JL9;=:7@F;FJ6B@6:@;76BC56C9N_;J;
AF;5F9@;C7=R677;AB;R5FAB9FFE;@A<7=D6IE;F<=:JE;D5FAIE;6@P9:JAFABC;
irufabgrdhdm3f<fpqafdqfabfdnhukfsdslhiatdrfksbiftafadfkdjbf
hb{bhfdqfgdjsbabrgbefirdabnfpqafinbflnn3trmfadfhbinrftaefiruf
44444444;F99DF;J=;6BJ;AJ;:AJJ9B;=B;JL9A:;|KFLA:JFN
A77;JLAF;@=DAB6BI9;I=BJAB59;6B@;ABI:96F9;5BJA7;TBC7AFL;AF;
F<=9B;6RF=75J97;44444444;\ 6B;JLAB;JL9;6BF9:;AF;=RPA=5FV;
9FN;5J;B=J;9P9:=B9;AF;F=;I9:J6ABN;=D9;I76AD;JL6J;JL9;@=DAB6BI9;
AH;TBC7AFL;AF;5BL967JLN;ZJL9:F;,/0G2H6HE;F6ABC;JL9;5BI=BJ:=779@;
9M<6BFA=B;=H;TBC7AFL;AF;796@ABC;AJ;J=6:@F;@AFABJ9C:6JA=BN
V$gV+gD
7=FF6:V
bafadffubabnjtriudfiefsnbkabkfi
tubksnbiuffutqlrutud
uuN;A77;AB;JL9;R76BF;AJL;JL9;F5AJ6R79;=<JA=BFV
6N;B=R=@;K;B=L9:9
RN;6BR=@;K;F=D9L9:9
IN;9P9:=B9;K;9P9:R=@
@N;9P9:R=@;K;9P9:L9:9
D9F<=FJ6V;x
~;6;WBAI6;67J9:B6JAPifbjfylbfdfsndrdjbftrubprtudfbfdf
6@PS:RA=E;:9F<9IJAP6D9BJ9E;9FJ?=;F9B@=;9D<:9C6@=F;I=::9J6D9BJ9E;
I=BFA@9:6B@=KF9;=F;6F<9IJ=F;C:6D6JAI6AF;9;F9DUBJAI=FN;8UTU;
ktmrtpgifhaduikfikfsbkkdikifbfUE;^9D;J=@=F;=F;75C6:9F_N
uvN;^C=;H5:JL9:_E;AB;S(';AB;JL9;J9MJE;AB@AI6J9F;JL6J;F=D9;
<9=<79;L6P9;6;D=:9;44444444;=<ABA=B;6R=5J;JL9;A@9F<:96@;5F9;
=H;TBC7AFLN
6N;7=CAI67
RN;9MJ:9D9
IN;=RPA=5F
@N;I=BH5FABC
D9F<=FJ6V;
[=;W7JAD=;<6:YC:6H=E;LY;5D6@WPA@6;856BJ=;6=;<:9@=DBA=;
udftrmhkefkbfbhbfgdratrlinofbfiljbrainofiawfylbfkbzifqihiudf
6RF=75J6D9BJ9;9D;J=@=F;=F;75C6:9FN;\ 5AJ6F;<9FF=6F;:9F<=B@9D;
859;FADE;=5J:6F;<9BF6D;859;J67;@=DBA=;B?=;S;F65@YP97N;T;6AB@6E;
=5J:6F;P?=;* (X* E;F9B@=;D6AF;]* ;6AB@6E;
@A]9B@=;859;6;9M<6BF?=;@9FI=BJ:=76@6;@=;A@A=D6;=;I=B@5]A:Y;;F56;
<:`<:A6;@9FABJ9C:6>?=N


uwN; LAIL;<L:6F9E;H:=D;JL9;J9MJE;<:9F9BJF;6;<6FFAP9;FJ:5IJ5:9

6N;L6@;<79BJ;=H;JAD9;H=:;6;D967N
RN;6BJ9@;F=D9JLABC;IL96<;J=;96JN
IN;L6@;F=D9JLABC;P9:;L96P;H=:;6;D967N
@N;6BJ9@;F=D9JLABC;96FA9:;6B@;H6FJ;J=;96JN

6N;^ AF;F<=9B _
RN;^ AF;796@ABC _
IN;^ AF;F=;I9:J6AB _
@N;^ AF;5BL967JL _
D9F<=FJ6V;O
ED6;@6F;<=FFARA7A@6@9F;@9;H=:D6>?=;@6;P=];<6FFAP6;S;6J:6PSF;
@=;P9:R=;^J=;R9_;ee;6I:9FIA@=;@=;<6:JAI<A=;<:9F9BJ9;
4;@=;P9:R=;<:ABIA<67;@6;=:6>?=N;Q=:J6BJ=E;S;6;WBAI6;67J9:B6JAP6;
859;6<:9F9BJ6;J67;H=:D6>?=N
  <bndrolatgidrandhiudnfubfnoqbmdf<wnbd}{{
  9A6;=;J9MJ=;F9C5ABJ9;<6:6;6F;859FJ9F;uy;6;uN
D;Q9J9:;6B@;;7AP9;AB;9:D6BN;B;F5DD9:;;7A9;J=;J:6P97;J=;
J67E;R9I65F9;=H;JL9;96JL9:;6B@;JL9;<9=<79;JL9:9N;6FJ;F5DD9:;;
J==;6;<76B9;4444;\ 5BAIL;J=;D=D9N;:=D;JL9;6A:<=:J;9;9BJ;J=;=5:;
L=J97;4444;R5FN; 9;FJ=<<9@;6J;6;FD677;:9FJ65:6BJ;H=:;6;85AI;D967N;
|L9;@:AP9:;<6:9@;JL9;R5F;R9LAB@;JL9;:9FJ65:6BJN;[=R=@;I=57@;
prufabfvlkfirufabfunt{bnefkdfbf6AJ9@;=5JFA@9;JL9;:9FJ65:6BJ;H=:;
6B;L=5:N;|L9;@:AP9:;6F;67ABC;JL:=5CL;JL9;FD677;<6:;B96:;JL9;
:9FJ65:6BJ;JL6J;9;@A@;B=J;B=N;=;9;9:9;P9:;6BC:;AJL;LADN;
5J;D;L=7A@6F;9:9;C:96JN
:g5
{zfbfgdnnbgafsnbsdktatdrkfadfphhftrfabfvhirkfinbef
:9F<9IJAP97V
ifqdnffv3
vfathhffta
gfqndjffv3
ufqndjfdr
D9F<=FJ6V;
~;6;WBAI6;67J9:B6JAP6;9D;859;6F;<:9<=FA>9F;9FJ?=;F9B@=;
9D<:9C6@6F;I=::9J6D9BJ9E;@9;6I=:@=;I=D;6F;:9C:6F;C:6D6JAI6AFN;
Q:AD9A:6D9BJ9E;J9D=F;6;9FJ:5J5:6;^H:=DNNN;J=NNN_;;\ 5BA859;;
djifdmdfrifkbylrgtiefrbgbkktaijdkfuifsnbsdktdfhv3if;
6BJ9F;@=;F5RFJ6BJAP=;^8BAR5F_;<6:6;ABJ:=@5]A:;=;JA<=;@9;I=B@5>?=;
=5;@9;D9A=;@9;J:6BF<=:J9;@=;8567;B=F;5JA7A]6D=FN
uN;O77;67J9:B6JAP9F;6:9;AB;JL9;I=D<6:6JAP9E;9MI9<JV

D9F<=FJ6V;x
O;67J9:B6JAP6;x;S;6;rtgifgdbnbrabefsdtkfhyltgfjbihifktmrtpgif
5D6;EgegEEN
{f<ggdnutrmfadfabfabcaefihhfabfihabnriat{bkfinbfgdnnbgaef
9MI9<JV
6N;|L9;<6FF9BC9:F;9:9;B9:P=5F;AJL;JL9;@:AP9:N
RN;TP9:R=@;I=57@;F99;JL9;@:AP9:;R5J;B=J;JL9;R5FN
IN;|L9;<6FF9BC9:F;I=57@BJ;F99;JL9;R5F;6B@;JL9;@:AP9:N
@N;|L9;@:AP9:;<6:9@;JL9;R5F;6J;JL9;R6I;=H;JL9;:9FJ65:6BJN
D9F<=FJ6V;
O;67J9:B6JAP6;;S;6;WBAI6;859;B?=;S;I=9:9BJ9;I=D;6F;
ABH=:D6>9F;6<:9F9BJ6@6F;B=;J9MJ=E;<=AF; X* ;I=BF9C5A5;P9:;
=B@9;=;D=J=:AFJ6;9FJ6P6N;Z;J9MJ=;@A];^F20.2
_E;9;B?=;^GHH.2
_N
uN;^[=R=@_;7AB9;yE;I6B;R9;:9<76I9@;RV
6N;B=;=B9
RN;6BR=@
IN;9P9:=B9
@N;6B;<9:F=B
D9F<=FJ6V;O
O;67J9:B6JAP6;O;S;6;WBAI6;I=9:9BJ9N;ODR6F;6F;<676P:6F;^B=;=B9_;
bfhrdvdu3ifktmrtpgijfIJgN;^OBR=@_E;
6FFAD;I=D=;^6B;<9:F=B_E;S;=;D9FD=;859;bbebb
gN;TE;^9P9:=B9_E;859:;@A]9:;E;ge
N
uN;|L9;P9:RFE;5B@9:7AB9@;AB;JL9;J9MJE;6:9;AB;JL9V
6N;FAD<79;<6FJ
RN;FAD<79;<:9F9BJ
IN;<:9F9BJ;<9:H9IJ
@N;<6FJ;<:=C:9FFAP9
D9F<=FJ6V;O
O;67J9:B6JAP6;O;S;6;WBAI6;I=::9J6E;<=AF;P9:R=F;J9:DAB6@=F;9D;
4E;856B@=;B?=;6BJ9I9@A@=F;@9;;=5;;F?=;P9:R=F;I=BG5C6@=F;
B6;H=:D6;@=;<6FF6@=;FAD<79FN

6N;@:AP9:
RN;C:96J9:
IN;FL=:J9:
@N;FD6779:
D9F<=FJ6V;O
sfgdjsiniat{dfudkfiuzbat{dkfbjftrmhkf{tifubfnbmnifwfqdnjiudf
<97=;6I:SFIAD=;@6;J9:DAB6>?=;4;6=F;F5RFJ6BJAP=F;@9;5D6;=5;@56F;
F76R6FN;[6F;67J9:B6JAP6F;E;E;xE;^K9:_;S;AB@AI6JAP=;@9;I=D<6:6JAP=N;
[6;67J9:B6JAP6;OE;=;4;H=A;6B9M6@=;6=;P9:R=;;@A:ACA:;<6:6;
@9FACB6:;bbN;Q=:J6BJ=E;;859:;@A]9:;E;
B?=;F9;J:6J6;@9;5D6;H=:D6;I=D<6:6JAP6N
{~fh bfkadssbufiafifkjihhfnbkailnirafqdnfifyltgfjbihiefjbirkf
JL6J;JL9V
@

  fr=>wgrtgdf<ujtrtkaniat{d}{}
  9A6;=;F9C5ABJ9;J9MJ=;<6:6;:9F<=B@9:;F;859FJ9F;@9;vx;
if
|L9;|:9B@F;=H;:99B;5FAB9FF;H=:;vxux;6B@;9=B@
;59FJ;7=CC9:;=B;A5B;E;vxux
; |=@6F;R5FAB9FF;AF;677;6R=5J;R9ABC;C:99BN:=D; 67D6:J;
J=;O<<79E;9P9:=B9;AF;J67ABC;6R=5J;L=C:99B;JL9A:;6<<:=6ILE;
<6I6CABCE;=:;D9JL=@F;6:9N;5JC:99B;R5FAB9FF;AF;:9677;AB;AJF;
ABH6BIE;6B@;JL9;H5J5:9;=HR9ABC;C:99B;A77;B=;@=5RJ;@AFJA77;@=B;J=;
kdjbf{bn3fnbihirufubprivhbfmdihkfirufsnigatgbk


f rfqigaefvlktrbkkbkfaiafadui3fprufabjkbh{bkginn3trmfabf
mnbbrfvirrbnfthhfvbfslafadfabfabkafadubprbfabtnfigatdrkefiruftaf
D5FJ;D69;F9BF9;J=;JL9F==B;J=;R9;C:99B;F6PP;<5R7AIN;=E;L6J;6:9;
kdjbfdqabkbfubprivhbfanbrukfaiafthhfutgaiabfabfqlalnbfdqmnbbrf
R5FAB9FF;9JF;J69;6;7==N
0* '
f tnkaflsefvlktrbkkbkfthhfpruftafinubnfadfudvlktrbkkf
5B@9:;JL9;^:99B_;L9:67@;5B79FF;JL9;L=7@JL9DF97P9F;6II=5BJ6R79;
adfabtnfdrfginvdrfqddasntra thbfadui3fbfgirfprufifrljvbnf
=H;I6:R=B;H==J<:ABJI67I576J=:FE;JL9;B9J;:9F57JF;J9B@;J=;P6:;R9J99B;
FAJ9FNOF;JAD9;I=BJAB59F;=BE;JL9F9;:9F57JF;A77;D9:C9;J=C9JL9:J=;6;
D=:9;I=L9FAP9;:9<=:JABC;FJ:5IJ5:9E;6B@;JLAF;AF;JL9D96F5:ABC;FJAI;
J=;LAIL;JL9;I=D<6B;A77;:9<=:JN
; O;I=D<6BF;B9J;I6:R=B;H==J<:ABJ;D6;R9;6FAD<=:J6BJ;
J=;AJF;F5II9FF;6F;AJF;R=JJ=D;7AB9E;FABI9;B=@=5RJ;=B9;I=57@;@:AP9;JL9;
dabnftkftkfbksbgtihh3fanlbftpaftkfifslvhtgfgdjsir3faiaftkfutnbgah3f
I=5<79@;J=;F977ABCJ=;JL9;<5R7AIN
K ( 2K ( 
/; =:;6;7=J;=H;R5FAB9FF9FE;6;D6G=:;<6:J;=H;JL9A:9BPA:=BD9BJ67;
AD<6IJ;I6B;R9;H=5B@;AB;JL9;P9:;R5A7@ABCJL6J;JL9A:;R5FAB9FF;J69F;
<76I9;ABN;O;C:99B;R5A7@ABC;AFB=J;=B7;<=J9BJA677;IL96<9:;J=;=<9:6J9E;
AJ;I6B;<6;RAC@APA@9B@F;AB;R:6B@;6<<96:6BI9;6B@;I5FJ=D9:;7=67JN
f rfdabnfdnukef3dlfji3fprufaiaftaftkfgbisbnadfvbfmnbbrf
JL6B;B=JN;|=@6;5JA7AJA9F;6:9;R9ABC;L97@6II=5BJ6R79;H=:;9B9:C;
FJ6B@6:@FE;R5J;ABI9BJAP9F;D6D69;AJ;JL9;7=CAI67;IL=AI9;H=:;677;
R5FAB9FF9FN
LH-0MH--,0 60o60N2/4 H
f ddrfvlktrbkkbkfthhfprufaiaftaftkfktjsh3rdafbrdlmf
adfaihfadfgdrkljbnkfivdlafvbtrmfmnbbrftrkabiufab3fthhfrbbuf
J=;9@5I6J9;JL9DN;|L:=5CL<:=D=JA=BFE;L6B@=5JFE;F<9IA67;@967FE;
irufdabnfjbirkevlktrbkkbkfthhfprufaiafirfbulgiabufglkadjbnf
A77R9JJ9:;6<<:9IA6J9;JL9;B9;9D<L6FAF;=B;R9ABC;C:99BN
(; ;:976JABC;J=;JL9;I5FJ=D9:;=B;C:99B;AFF59FEJL9;@==:;
AF;=<9B;H=:;H5:JL9:;@A67=C;=B;=JL9:FN;TP9B;F5ILJLABCF;6F;CAPABC;
=5J;H:99;R:6B@9@;:95F6R79;R6CF;AF;6FAD<79;R5J;9HH9IJAP9;6;=H;
5FABC;JL9;C:99B;:976JA=BFLA<J=;R5A7@;JL9;R5FAB9FF;6B@;AD<:=P9;JL9;
I5FJ=D9::976JA=BFLA<N
'2M 
; |L9;I=BF5D9:;=H;J=@6;AF;R9JJ9:;ABH=:D9@JL6B;9P9:;
R9H=:9E;6B@;JLAF;AF;6;J:9B@;JL6J;A77;B=;@=5RJI=BJAB59N;B;=:@9:;H=:;6;
R5FAB9FF;J=;R9;F99B;6F;C:99BEAJ;A77;B=;@=5RJ;B99@;J=;L6P9;JL9;IL6AB;
D=:9;=<9B;J=;677<6:JA9FN;|LAF;I6B;R9;F99B;J=@6;R;JL9;ABI75FA=B;
=H;7=I67C:=9:F;AB;RAC;IL6AB;C:=I9:;FJ=:9FE;6B@;JL9;J:9B@;A77B=;
@=5RJ;I=BJAB59N
;[=J;=B7;C:=I9:;FJ=:9F;6B@;<:=@5I9;D6:9JFA77;R9;
6HH9IJ9@;R;JL9;B99@;H=:;=<9B;C:99B;<:6IJAI9FND9FJ65:6BJF;A77;
pruftafvbrbpgtihfadfsndluh3fubghinbfaiaifsinatglhinfktubftabjftkf
R9ABC;<:=PA@9@;R;6;CAP9B;7=I67<:=@5I9:N;|L9;6IJ;=H;R9ABC;C:99B;
AF;:9677;R5A7@ABC;6:9F<=BFAR79;I=DD5BAJ;=B;6;C7=R67;FI679E;F=;AJ;
FL=57@I=D9;J=;B=;F5:<:AF9;JL6J;FJ:9BCJL9BABC;JL9;7=I67I=DD5BAJ;
JA9F;=:F;977;AJL;R9ABC;C:99BN
; AJL;JL9F9;J:9B@FE;JL9;H5J5:9;=H;6;F5II9FFH57C:99B;R5FAB9FF;
thhfvbfubprbufbfvlktrbkkbkkddrfjlkafnbksdrktvh3fjbiklnbf
6B@;:9<=:J;JL9A:9BPA:=BD9BJ67;AD<6IJ;J=;6;CAP9B;FJ6B@6:@N;|L9;
D5FJR5A7@;JL9;<76I9F;=H;R5FAB9FF;J=;6;C:99B;FJ6B@6:@N;|L9A77;
B99@;J=;:96IL;=5J;6B@;I=BB9IJ;J=;JL9A:;I5FJ=D9:F=B;C:99B;D6JJ9:FE;
adfabfiu{iraimbfdqfvdaf<ruprihh3efab3fthhfrbbufadfub{bhdsf
irufnbprbfdsbrh3mnbbrfsnigatgbkfaiafatbfadmbabnfabfkbrkbfdqfif
C:99BI=DD5BAJN
C

; LA79;JL9F9;J:9B@F;6:9;D=:9;9P=75JA=B6:;JL6B:9P=75K
JA=B6:;AB;JL9A:;6::AP67E;=5;D6;R9;F5:<:AF9@6J;L=;H6FJ;JL9;I6B;
R9I=D9;6;FJ6B@6:@;6II9<J9@R5FAB9FF;<:=I9FF;AB;vxux;6B@;R9=B@N
:TOgOttTt4
;e
|L9;D6AB;<5:<=F9;=H;JL9;6:JAI79;AF;J=V
6N;I:AJAIA]9;<:AP6J9;I=D<6BA9F;JL6J;FJA77;@=;B=J;I67I576J9JL9A:;
=B;I6:R=B;H==J<:ABJFN
RN;:9<=:J;=B;F=D9;:9I9BJ;6B@;H5J5:9;J9B@9BIA9F;=H9BPA:=BD9BK
J677;I=::9IJ;R5FAB9FF9FN
IN;G5FJAH;L;=B7;76:C9;I=D<6BA9F;7A9; 67D6:J;6B@O<<79;
I6B;R9;I=BFA@9:9@;J:57;C:99B;R5FAB9FF9FN
@N;9BI=5:6C9;B9;I=D<6BA9F;J=;:9@5I9;JL9A:;9BPA:=BD9BJ6K
7AD<6IJ;=B7;R;7ADAJABC;JL9A:;9B9:C;I=BF5D<JA=BN
9N;I=BPABI9;I=BF5D9:F;J=;R5;H==@;<:=@5IJF;9MI75FAP97H:=D;
C:99B;C:=I9:;FJ=:9FE;D6:9JF;6B@;:9FJ65:6BJFN
D9F<=FJ6V;
O;<676P:6;^J:9B@F_;D9BIA=B6@6;B=;JJ57=;@=;6:JAC=;859:;@A]9:;
habrurgtikiefbryliradfylbfhvb3druifktmrtpgifhihwjefubsdtkf
@9E;6<`F_N;Q=:J6BJ=E;GY;B=;JJ57=;=R9:P6D=F;859;=;J9MJ=;H676;@6F;
abrurgtikfubfrbmgtdkfbgdhdmtgijbrabfgdnnbadkfsinifdfirdfubf
vxux;9;<6:6;67SDN
<ggdnutrmfadfabfabcaefihhfabfbcijshbkfvbhdfinbfubprK
6R79J:9B@F;JL6J;A77;@AIJ6J9;JL9;H5J5:9;=H;C:99B;R5FAB9FFE;PQNPRoS
6N;R5A7@ABC;C:99B9:;=:ABC;9BPA:=BD9BJFN
RN;I=BF5DABC;AJ9DF;<:=PA@9@;R;7=I67;C:=9:F;=:;<:=@5I9:FN
IN;9@5I6JABC;I5FJ=D9:F;J=;6@=<J;C:99B9:;<:6IJAI9F;LA79FL=<K
<ABCN
ufsi3trmfprirgtihfut{tubrukfadfhd3ihfgdrkljbnkfdqfmnbbrgdjK
<6BA9FN
9N;6@=<JABC;6;D=:9;FJ6B@6:@A]9@;D96F5:9D9BJ;=H;JL9I=D<6K
BF;I6:R=B;H==J<:ABJN
D9F<=FJ6V;x
x9;6I=:@=;I=D;=;J9MJ=E;J=@=F;=F;9M9D<7=F;6IAD6;Fdfabrurgtikf
@97ADAJYP9AF;859;A:?=;@AJ6:;=;H5J5:=;@=F;B9C`IA=F;P9:@9FE;9MI9J=;6;
ihabnriat{if=efsdnylbfsiminfut{tubrudkfprirgbtndkfifgdrkljtudnbkf
796AF;@9;9D<:9F6F;P9:@9F;B?=;J9D;FA@=;<6:UD9J:=;6;F9:;F9C5A@=;<97=;
D9:I6@=;9;ABI75FAP9;B?=;S;9M<7AI6@=;F=R;B9BL5D;@=F;F5RJJ57=F;@=;
J9MJ=N
B;JL9;H:6CD9BJ;^O;I=D<6BF;B9J;I6:R=B;H==J<:ABJ;D6R9;
6F;AD<=:J6BJ;J=;AJF;F5II9FF;6F;AJF;R=JJ=D;7AB9E;FABI9;B=@=5RJ;=B9;
I=57@;@:AP9;JL9;=JL9:N_;<6:6C:6<L;yE;^FABI9_;I6BR9;F5RFJAJ5J9@;RV
6N;R9I65F9N
RN;L=9P9:N
IN;LA79N
@N;L9BN
9N;F=N
D9F<=FJ6V;O
O;D6:I6;@6;:9@9;@9;I6:R=B=;@9;5D6;9D<:9F6;<=@9;F9:;J?=;
AD<=:J6BJ9;<6:6;F95;F5I9FF=;856BJ=;F95;:9F57J6@=;@9;R676B>=E;' ;
B?=;LY;@WPA@6F;@9;859;5D6;@976F;<=FF6;@A:9IA=B6:;6;=5J:6N


T<ggdnutrmfadfsinimniskffiruf!efbulgiatrmglkadjbnkfadf
vbgdjbfmnbbrftkfvbrbpgtihfadfmnbbrfvlktrbkkbkvbgilkbfglkadjbnk
6N;D5FJ;796:B;6R=5J;JL9;677;7ADAJ6JA=BF;AD<=F9@;R;6;
C:99B7AH9FJ79N
RN;@=;B=J;6BJ;J=;CAP9;5<;H6FLA=B6R79;R:6B@9@;FL=<<ABCR6CF;
H=:;:95F6R79;=B9FN
IN;A77;B=J;R9;J:AI9@;R;<:=D=JA=BFE;L6B@=5JF;6B@;F<9IA67@967F;
H=:;C:99B;<:=@5IJFN
@N;6:9;B=J;ABJ9:9FJ9@;6J;677;AB;796:BABC;6R=5J;D=@9:B;
C:99B<:6IJAI9F;JL6J;A77;:6AF9;JL9;<:AI9;=H;<:=@5IJFN
9N;A77;A@9BJAH;AJL;6B;9BPA:=BD9BJ677KH:A9B@7;FL=<;AHJL9;
<9:I9AP9;JL9;AD<=:J6BI9;=H;R9ABC;C:99BN
D9F<=FJ6V;T
=bfigdnudfgdjfdkfsinomniqdkffbf!efbulginfdkfgdrkljtudnbkf
bfkbfadnrinbjf{bnubkjitkfbgdhmtgdkfwfvbrwpgdfsinifdkfrbmgtdkf
{bnubkfsdnylbfdkfgdrkljtudnbkftndfisnbgtinfjbhdnfifrd{ifrqikbf
B6;A@9A6;@9;F9:D=F;I=BFIA9BJ9F;6;:9F<9AJ=;@=;P9:@9N;FF=;D97L=:6;6;
:976>?=;I=D;=;I=BF5DA@=:E;6<:=MAD6B@=K=F;9;6R:AB@=;<=:J6F;<6:6;
H5J5:=F;B=P=F;@AY7=C=FN
OII=:@ABC;J=;JL9;J9MJE;^ JL9;ABI75FA=B;=H;7=I67;C:=9:F;
ABRAC;IL6AB;C:=I9:;FJ=:9FE_;<6:6C:6<L;;AF;F99B;6F;6BV
6N;9HH=:J;D6@9;R;677;FL=<F;AB;=:@9:;J=;6JJ:6IJ;7=I67I=BF5D9:FN
RN;9MI5F9;5F9@;R;F=D9;A::9F<=BFAR79;FJ=:9F;JL6J;<:9J9B@J=;R9;
C:99BN
IN;H:9859BJ;FJ:6J9C;5F9@;R;7=I67;<:=@5I9:F;J=;<796F9FD677;
:9FJ65:6BJFN
@N;J9B@9BI;67:96@;6@=<J9@;R;H==@;D6:9JF;JL6J;H=77=C:99B;
<:6IJAI9FN
9N;6JJ9D<J;J=;@9P97=<;JL9;F9BF9;=H;6;C:99B;I=DD5BAJ;ABJL9;
<==:9FJ;9BPA:=BD9BJFN
D9F<=FJ6V;x
O;ABI75F?=;@9;<:=@5J=:9F;7=I6AF;9D;C:6B@9F;I6@9A6F;@9;
D9:I6@=F;wf{tkaifgdjdfabrurgtifzofiudaiuifsbhdkfjbngiudkfylbf
F9C59D;<:YJAI6F;P9:@9FN
U6F9@;=B;JL9;D96BABCF;AB;JL9;J9MJE
6N;^ C=67F _;<6:6C:6<L;u;I6BB=J;R9;F5RFJAJ5J9@;R;N
RN; ^ 7=67JN_; <6:6C:6<L; ; 6B@; g 9M<:9FF;
FADA76:A@96FN
gf hC iggdlraivhbC if sinimnisf ~f iruf gT
6:9FB=BDFN
@N;^ :95F6R79 _;<6:6C:6<L;;AF;JL9;=<<=FAJ9;=H;UTN
bf hC vbrbpgtihC if sinimnisf {}f iruf
9M<:9FFI=BJ:6@AIJ=:;A@96FN
D9F<=FJ6V;
h>jfdlanikfsihi{nikef{dgfsdubfiginfylbfwfjitkfviniadf
F9:;P9:@9;@=;859;B?=;F9:N;X=G9E;9D<:9F6F;<WR7AI6F;9FJ?=;F9B@=;
:9F<=BFYP9AF;<=:;<6@:9F;@9;9B9:CA6E;D6F;ABI9BJAP=F;<=@9D;H6]9:;
@AFF=;6;9FI=7L6;I9:J6;<6:6;8567859:;B9C`IA=_N
_

|L9;H:6CD9BJ;^J=;JL9;6@P6BJ6C9;=H;R=JLN_;<6:6C:6<L;uu;
AB@AI6J9FJL6J;JL9:9;A77;R9V
6N;6@P6BJ6C9F;H=:;I5FJ=D9:F;9MI75FAP97N
vfvbrbpakfqdnfglkadjbnkfirufmnbbrfvlktrbkkbkfihtb
IN;C6ABF;H=:;JL9;I5FJ=D9:F;6B@;7=FF;H=:;JL9;R5FAB9FF9FN
@N;<=FAJAP9;:9F57JF;H=:;I7A9BJF;6B@;D=:9;9BPA:=BD9BJ67AD<6IJN
9N; H5:JL9:; @9P97=<D9BJ; =H; C:99B; D6JJ9:F; :9C6:@79FF;
=HI5FJ=D9:FN
D9F<=FJ6V;
Z;H:6CD9BJ=;AB@AI6;859;L6P9:Y;P6BJ6C9BF;6;6DR=F;@9;5D6;
D9FD6;H=:D6V;I=BF5DA@=:9F;9;B9C`IA=F;859;<:9F9:P9D;=;P9:@9N
VB;^=5;D6;R9;F5:<:AF9@;6J;L=;H6FJ;JL9;I6B;R9I=D9;
6FJ6B@6:@;6II9<J9@;R5FAB9FF;<:=I9FF;AB;vxux;6B@;R9=B@N_<6:6K
C:6<L;uv;JL9;P9:R;H=:D;^D6_;9M<:9FF9FV
6N;B9I9FFAJN
RN;I9:J6ABJN
IN;=R7AC6JA=BN
@N;I6<6RA7AJN
9N;<=FFARA7AJN
D9F<=FJ6V;T
Z;P9:R=;D=@67;^D6_;9M<:9FF6;<=FFARA7A@6@9;B=;J:9IL=;IAJ6@=N;
svkbn{bfhRdgfsdubfkbnfklnsnbbrutudfsbhifnistubfgdjfylbfbhbkf
<=@9D;F9;J=:B6:;5D;<:=I9FF=;@9;B9C`IA=F;6I9AJ=;I=D;<6@:?=;9D;
vxux;9;@9<=AF_N
  bgbtaifbubnihwgrtgdfuifbgbtaifbubnih}}~
  9A6;=;F9C5ABJ9;J9MJ=;<6:6;:9F<=B@9:;F;859FJ9F;@9;v;
6;wxN
L9B;FL=57@;9;FJ6:J;J=;=::
=5:I9V;[9F99;6@6<J9@
sgaf{ef}}|
0 W4 0./-.H-0/20605/-,FH4 0HJ0/G0H-J-,0
5/0/G0.GG-0XK/0/H04 /H0.20/G0./GG00Y70W60-/0
G4 506/H0/G06H00-0-/06/H/G06H0H/2570
* 0 L
0 ZH70o6/4 070[S0;=57@BJ;=::;6R=5J;JL9;I6HH9AB9;
AB6;H9;I5<F;=H;I=HH99N;=JF;=H;I6HH9AB9;I6B;:9P;5<;=5:;L96:J6B@;
D69;AJ;R96J;H6FJ9:E;=II6FA=B677;9P9B;765BILABC;ABJ=<:=7=BC9@;
<9:A=@F;=H;6;:6IABC;L96:JN;=5;A77;67D=FJ;F5:97H997;<67<AJ6JA=BF;AH;
=5;C9J;JL9F9;6RB=:D67;L96:JR96JFE6B@;JL9B;=5;FL=57@;L99@;=5:;
R=@F;6@PAI9;J=;I5J;R6I=B;JL9;I6HH9AB9N;X96P;I=HH99;@:AB9:F;
@=BJ;L6P9;6;LACL9::AF;=H;I6:@A=D=<6JL;@6D6C9@;L96:J;
D5FI79;=:;L96:J6JJ6IFN;H;=5;@=;@9IA@9;J=;I5J;R6I;=B;I6HH9AB9E;
=5;D69M<9:A9BI9;L96@6IL9F;@5:ABC;JL9;J:6BFAJA=BN
 \ (() * \
I
6H254 -70]/K0H5020-.0604 -P0
254 -0.-0-.H060HJ0/G06H0/H0H/J70
Z/0604 .50./4 4 2-0,H^
0 ZH70o6/4 070[S0=5;L6P9;AJ;:ACLJN;B;JL9;
{66}ke{taijtrf>fikf{bn3fsndjtktrmffvlafgdrand{bnktih
T<A@9DA=7=CAI67;FJ5@A9F;FL=9@;JL6J;:9C576:;PAJ6DAB;T5F9:F;L6@;
vx;J=;yx;<9:I9BJ;7=9:;:6J9F;=H;L96:J;@AF96F9JL6B;B=B5F9:FN;ABI9;
abrefhinmbnfbcsbntjbrakfi{bfrdakdrfir3fvbrbpafqndjfaitrmf
PAJ6DAB;TN


vK;B;LAF;6BF9:;J=;859FJA=B;uE;x:N;99;6:BF;6C6ABFJ;
@:ABABC7=JF;=H;I6HH9AB9;FABI9;AJV
6N;DACLJ;I65F9;6;F5@@9B;H6ABJN
RN;I6B;F7=;JL9;L96:JR96JFN
IN;D6;6II979:6J9;JL9;L96:JR96JFN
@N;A77;F5:97;ABI:96F9;JL9;L96:JR96JFN
9N;@6D6C9F;JL9;L96:J;D5FI79N
D9F<=FJ6V;
[6;F56;:9F<=FJ6;;<:AD9A:6;<9:C5BJ6E;x=5J=:;99;6@P9:J9;
I=BJ:6;6;ABC9FJ?=;@9;67J6F;@=F6C9BF;@9;I6H9B6;<=:859;976;<=@9;
6I979:6:;=F;R6JAD9BJ=F;@=;I=:6>?=N;^3b;
I6HH9AB9;I6B;)'e;=5:;
L96:J6B@;D69;AJ;S;TEgE;=II6FA=B677;
9P9B;765BILABC;ABJ=<:=7=BC9@;<9:A=@F;=H;6;:6IABC;L96:J;
_N
vK;O II=:@ABC;J=;x:N;99E;9;FL=57@;7AFJ9B;J=;=5:;R=@F;6@PAI9;
J=^I5J;R6I;=B;JL9;I6HH9AB9_N;B;=JL9:;=:@FE;=5:;R=@;6@PAF9F5FV
6N;B=J;J=;FJ=<;@:ABABC;AJN
RN;J=;:9@5I9;=5:;I6HH9AB9;ABJ69N
IN;J=;ABI:96F9;I6HH9AB9;I=BF5D<JA=BN
@N;J=;:9C576:7;I=BF5D9;I6HH9AB9N
9N;J=;85AJ;I6HH9AB9;I=BF5D<JA=BN
D9F<=FJ6V;
hdfglafvigfdrifktmrtpgifhgdnainefnbultnfihmdif=bfigdnudf
I=D;=;x=5J=:;99E;@9P9:6D=F;=5PA:;=;I=BF97L=;@9;B=FF=;I=:<=;
<6:6;:9@5]A:;;6;ABC9FJ?=;V;@9;I6H9B6N
wxK;B;LAF;6BF9:;J=;859FJA=B;vE;x:N;99V
6N;<:9FI:AR9F;JL9;ABJ69;=H;PAJ6DAB;T;F5<<79D9BJFN
RN;<=ABJF;=5J;JL9;:AFF;=H;J6ABC;PAJ6DAB;TN
IN;R96:F;=5J;JL9;I76AD;JL6J;F5<<79D9BJF;6:9;:AFN
ufubj3katpbkfabfvbrbpakfqndjfaitrmf{taijtrf>
bfgdnndvdniabkfabfvbrbpakfdqf{taijtrf>ftraib
D9F<=FJ6V;x
TD;F56;:9F<=FJ6;;859FJdfefdf=dladnfbbfubkjtkatpgifdkf
R9B9HIA=F;@6;ABC9FJ?=;@9;PAJ6DAB6;T;6=;D9BIA=B6:;859;B=F;6B=F;
@9;ux;976;9:6;D5AJ=;<:=DAFF=:6;D6F;859;@9F@9;9BJ?=;C:6B@9F;
9M<9:AD9BJ=F;&fajfubjdrkaniudfylihylbnfvbrbqgtdfubfklif
5JA7A]6>?=;NNNWgN902-
V8N

;1_`a\5

bbbbbbbbbbbbbbbbbbbbbbbbb
bbbbbbbbbbbbbbbbbbbbbbbbb
bbbbbbbbbbbbbbbbbbbbbbbbb
`

;1_`a\5

bbbbbbbbbbbbbbbbbbbbbbbbb
bbbbbbbbbbbbbbbbbbbbbbbbb
bbbbbbbbbbbbbbbbbbbbbbbbb
bbbbbbbbbbbbbbbbbbbbbbbbb
bbbbbbbbbbbbbbbbbbbbbbbbb
bbbbbbbbbbbbbbbbbbbbbbbbb
bbbbbbbbbbbbbbbbbbbbbbbbb
bbbbbbbbbbbbbbbbbbbbbbbbb
bbbbbbbbbbbbbbbbbbbbbbbbb
bbbbbbbbbbbbbbbbbbbbbbbbb
bbbbbbbbbbbbbbbbbbbbbbbbb
bbbbbbbbbbbbbbbbbbbbbbbbb
bbbbbbbbbbbbbbbbbbbbbbbbb
bbbbbbbbbbbbbbbbbbbbbbbbb
bbbbbbbbbbbbbbbbbbbbbbbbb
bbbbbbbbbbbbbbbbbbbbbbbbb
bbbbbbbbbbbbbbbbbbbbbbbbb
bbbbbbbbbbbbbbbbbbbbbbbbb
bbbbbbbbbbbbbbbbbbbbbbbbb
bbbbbbbbbbbbbbbbbbbbbbbbb
bbbbbbbbbbbbbbbbbbbbbbbbb
bbbbbbbbbbbbbbbbbbbbbbbbb
bbbbbbbbbbbbbbbbbbbbbbbbb
bbbbbbbbbbbbbbbbbbbbbbbbb
bbbbbbbbbbbbbbbbbbbbbbbbb
bbbbbbbbbbbbbbbbbbbbbbbbb
bbbbbbbbbbbbbbbbbbbbbbbbb
bbbbbbbbbbbbbbbbbbbbbbbbb
bbbbbbbbbbbbbbbbbbbbbbbbb
bbbbbbbbbbbbbbbbbbbbbbbbb
bbbbbbbbbbbbbbbbbbbbbbbbb

01234567


skf`^`gfcadhcf^f]^i]^fa_ck^if]^ff^_f\_c

 !"#$%&"'( &$)#*!+,*'"#*!-&!
&*./$%#0
  !"#( .1&&$*2#!-&!)&3)#*!&*"1')#*!
&( !04$56/!&*./$%#0/ !
 7 !')&$*!51/( /)'"/'*!1&0&8/$)&*!
./1/!/!"#( .1&&$*2#!-#*!"#$)&9-#*!
*&( :$)'"#*

cfi^fkbcfbg_`dcf^kf^b^igf]^f_cb\h\^_`gifj^h^_\_gim
of\^_^if`ghc_f]^b\i\g_^if^_f^kfgo\^d_gfig_fbkcp^iflcdcf
^kcogdcb\_f]^fk^^ifbg_`dcfkcf^lc_i\_f]^hgdeabcm
bfkcfgh\i\_fcb\g_ckf]^fkc_\abcb\_fch\k\cdf\^d^f
R<GCM<=>Q<>IMD@<RME>W=<H@<QGAEDAX
]fi^f\_\b\f_fbg_`dgkf]^f^lc_i\_f]^hgdeabcs

;<=<>?@A>BCDAEF<>@G>CBG>HAIAGJAEFB>E<>J=BK<L>J=MGAM=<GAEDA>
HAKANIA>O<PA=>@G<>QAMD@=<>J<=<>RBEFARA=>B>RBEDASDBT>J=AID<EHB>
<DAEUVB><I>J<Q<K=<I>RF<KAI>A>W=MO<EHB><I>MHAM<I>J=MERMJ<MIX>Y><B>
=AIJBEHA=><I>?@AIDZAI>O<U<>@G<>B@D=<>QAMD@=<T>JBMI>RBG>MIIB>KBR[>
\]^_`\abcdefbghfhc\ifjcb\k\]c]^fcfd^ilgi`cfbgdd^`cfmfnoi^dpcdfgif
O<QIBI><GMWBI>?@A>JBHAG>AID<=>J=AIAEDA>EB>DASDBX

s<>O=<IA>HA>Q<>KMRAGMEMID=<>HA>Q<>BGMIME><RMBE<Q>HA>
gokcb\_ffkc_\abcb\_fch\k\cdfk_^cffcadhcf^f^d^hgif
R<GCM<=Q<>JBRB><>JBRBX>YE>Q<>J<Q<C=<>3 373fkcflcd`bkcf
73fi^fd^a^d^fc
cfkcfk^m
of\_cm
bfkcf]bc]cf]^fmf
]fkcf^lkgi\_f]^hgdeabcmf
skf`^`gfcadhcf^fkgifldgok^hcif\hlgd`c_`^ifi^ckc]gif
JB=>QBI>AIJARM<QMID<I>IBEL
cfch^_`gff^_p^^b\h\^_`gf]^kf_h^dgf]^fh^d^im
of \_bd^h^_`gf ]^f ^_p^^b\h\^_`gf ]^f kcf lgokcb\_f f
]^ildglgdb\_f]^f_^dgim
bflgokcb\_f^_f]\ilcd\]c]f]^hgdeabcff^_p^^b\h\^_`gf^_f
<QW@E<I>=AWMBEAIX
]f]^ildglgdb\_f]^hgdeabcff`deabgf]^fh^d^ifbghgf
bg_i^b^_b\cf]^kf^_p^^b\h\^_`gf]^fkcflgokcb\_mf

7qrsqt>uqvuwsruqxury qxuqszsrs{wxu|x}r{|~xsq{wrstrs
rtuqxru|rsrq{}rrsrrs{rrs}xrsqstrs|}|qxuqs{}qu|wxq
|xrsqt|y |xrstrstqzs}qswqsuqxqsy sqs}xs|w
!1!!.!!7!
\_cf^k\h\_cdefdc]ckh^_`^fkcflgk`\bcf]^f\gf_\bgf^f
j^fl^i`cf^_fhcdbcfcfa_ck^if]^fkcf]bc]cf]^fflcdcfbg_`dgkcdf
kcf^lkgi\_f]^hgdeabcfi^_fcfci^dc]gfcgfc\^f
p\b^h\_\i`dcf]^fkcfgh\i\_fcb\g_ckf]^fgokcb\_ffkc_\abcb\_f
<GMQM<=X>@A=AGBI>R<GCM<=Q<>JBRB><>JBRBX>B>J@AHB>HARM=>
be_]gfgf]^ffhc_^dcfl^dgfi`^fi^fcfbg_p^d`\]gf^_f_f`^hcf
RQ<KA>AED=A>?@MAEAI>DBG<E>Q<I>HARMIMBEAI>AE>AQ>BCMA=EBT>F<>
]^bkcdc]gfcgfcfkcfc^_b\cf^`^dim
kflcifci\e`\bgfijd^f_fi^d\gfldgok^hcf]^f^_p^^b\h\^_`gf
]^fkcflgokcb\_ff_cfbd^b\^_`^f]\ilcd\]c]f]^f_^dgf^fcf
J=BKBR<HB>Q<><Q<=G<>AED=A>QBI>ASJA=DBIX>A>AIDMG<>?@AT>HA>IAW@M=>Q<>
`^_]^_b\cfcb`ckf^_ffcgifl^]^fco^dffh\kkg_^if]^fghod^if
heif^f]^fh^d^if^_f^]c]f]^fjgdhcdf_cfjch\k\cfkgf^flg]dcf
ldgpgbcdfh\dcb\g_^if`deabgf]^fh^d^if^f\_^i`co\k\]c]figb\ckm
<I><@DB=MH<HAI><IAW@=<E>?@A>QBI>AID=MRDBI>RBED=BQAI>HA>
_c`ck\]c]fc_f^p\`c]gfheif]^ffh\kkg_^if]^f_cb\h\^_`giffc_f
jcpgd^b\]gf_cf^k^pcb\_fheifdel\]cf]^kf_\p^kf]^fp\]cf]^kflcim
\_f^hocdgfiif]^`dcb`gd^ifcadhc_f^fc]^heif]^fp\gkcdfkcif
QMCA=D<HAI>HAQ>MEHMKMH@BT>F<E>HAIAGCBR<HB>AE>E@GA=BIBI><CB=DBI>>
^i`^d\k\cb\g_^ifjgdc]ciff^kfcoc_]g_gf]^fhbcif_\cif]c]cfkcf
J=AOA=AERM<>HA>Q<I>O<GMQM<I>JB=>QBI>K<=BEAIX
_f\_cf_cb^_ff_\giflgdfbc]cff_\cifbc_]gf^kfdc`\gf
_gdhckf^_f`g]gf^kfh_]gf^if^_`d^ffffpcdg_^iflgdfbc]cff
^hodcimfkf f]^fkgimfh\kkg_^if]^fco\`c_`^if^f`^_cf
\_cf^_ff^dcfpcd_m
cfhcgdcf]^fkciflcd^cif^_fkcifb\]c]^ifikgfl^]^f`^_^df
JB=>QA>@E>HAIRAEHMAEDAT>GMAED=<I>?@A>AE>Q<I>PBE<I>=@=<QAI>IA>QAI>
l^dh\`^f]gifi\f^kfld\h^dgf^if_\cmfcifh\_gdcif`_\bcifl^]^_f
`^_^df]gifgfheimfcgfci^df^f^kfgo\^d_gf^i`ef^i`]\c_]gfkcf
R@AIDME>RBE>G@RFB>R@MH<HB>J<=<>?@A>R@<Q?@MA=>HARMIME>?@A>IA>
DBGA>EB>J=BKB?@A>@E><QP<>=AJAEDME<>HA>Q<>JBCQ<RMEX
&!.!&!!7 !

s^f^i`\hcf^fkgifldgok^hcif]^hgdeabgif]^f\_c
cfl^]^_fldgpgbcdfg]gifhc_gif]^i^\k\od\gfigb\ckff
bgh^db\gf]^fh^d^im
ofpc_fcfi^\dfkcf`^_]^_b\cfcb`ckm
bf]^o^_fldgpgbcdf^kfbg_`dgkf]^f_c`ck\]c]f]^ffh\kkg_^if]^f
E<RMGMAEDBIX
]fpc_fcf]\abk`cdfkcf^k^pcb\_fcb^k^dc]cf]^kf_\p^kf]^fp\]cmf
s_f^kf`^db^dfleddcjgfk_^cffkcf^ld^i\_f14s0 36T>
J@AHA>I@IDMD@M=IAT>IME>R<GCM<=>AQ>IAEDMHB>HA>Q<>O=<IA>JB=L
cfi\_gm
of_gfgoi`c_`^m
bfi\_f]]cm
]f^_fbg_i^b^_b\cm
scifbd`\bcifcfkcflgk`\bcfb\_cf]^fbg_`dgkf]^f_c`ck\]c]fi^f
C<I<E>AE>QBI>IMW@MAEDAI>J=MERMJMBIL
cfcfkcfci^_b\cf]^f]^d^bgif\_]\p\]ck^ifcfkcfl^dh\i\_f]^f
<CB=DBIT><>Q<>AIDA=MQMP<RME>BJRMBE<Q>><>Q<>HMIR=MGME<RME>HA>QBI>
E<RMGMAEDBI>OAGAEMEBIX
ofcfkcfgok\cb\_f]^kfcogd`gfcfkcfjck`cf]^f]^b\i\_fl^dig_ckf
lcdcfkcf^i`^d\k\cb\_fjgdc]cffckfcoc_]g_gf]^fkcif_\cim
bfckfcoc_]g_gf]^fkcif_\cifcf\_bg_`cok^ifcogd`gifcfkcf
MER@GJQMGMAEDB>HAQ>HA=ARFB>F@G<EB>HA>Q<>QMCA=D<H>MEHMKMH@<Q>>Q<>
R<ID=<RME>MGJ@AID<X
]fcfkcf]^ibg_i\]^dcb\_f]^fkcfk\o^d`c]f]^f]^b\]\dfl^dig_ckh^_`^f
^kf_h^dgf]^f\gifckfcoc_]g_gf]^fkcifd^b\_f_cb\]cifcfkcfl^dh\i\_f
HA><CB=DBI>><>Q<>R<ID=<RME>QMC=AX>
scfk^\ikcb\_f\_cf^i`cok^b^f^f_cflcd^cfddck
cfigkch^_`^fl^]^f`^_^df_f]^ib^_]\^_`^fi^cfghod^fgfh^dm



ofl^]^f`^_^dfheif]^f]gif\gifi\^hld^f^f^kfld\h^df
]^ib^_]\^_`^fi^cfh^dm
bfi^fd\^flgdfkcfh\ihcfk^f]^fkciflcd^cif]^fh\_gdcif`_\bcim
]fl^]^_f`^_^dfbghgfhe\hgf]gif\gifbc_]gf^kfld\h^df
]^ib^_]\^_`^fi^cfh^dmf

kcf^_^dcf_bk^cdfcfh^]\gffkcdgflkcgmfmmmffc_fcfbgi`cf]^f_gf
]\j_]\df^fkgifl^^gifcpc_b^ifd^\i`dc]gifbghgfkcfd^]bb\_f
]^f^h\i\g_^if^_f^kfi^b`gdf^_^d`\bgfi^fc_f]^o\]gfcfkcfhcgdf
J=BH@RRME>HA>=AEBK<CQAIX
=WA>=AIBQKA=>AID<I>RBED=<HMRRMBEAIL>EB>IA>J@AHA>HAOAEHA=>
kcfbd^cb\_f]^f^hlk^gfcf`dcpif]^fkcf^bg_ghcfp^d]^fbg_f_cf
=AW@Q<RME>?@A>QBI>HAID=@A>>HAIQBR<QMP<>Q<>MEH@ID=M<>E<RMBE<Q>HA>
=AEBK<CQAI>EB>IA>J@AHA>HAOAEHA=>Q<I>=AEBK<CQAI>AE>QBI>HMIR@=IBI>
A>MGJBEA=T><>Q<>KAPT>@E>G<B=>RBEI@GB>HA>R<=CE>>HA>W<IX>YI>
ld^b\igflcicdf]^f_cfbk`dcf^_^d`\bcf^fldgh^p^f^kfhcgdf
RBEI@GB>HA>RBGC@IDMCQAI>OIMQAI><>BD=<>?@A>IA>C<IA>AE>AQ><FB==B>
]^f^_^dcff]^f^h\i\g_^if]^fn X>B>IA>D=<D<>HA>R=A<=>E@AKBI>
\hl^i`gifi\_gf]^f\_b^_`\pcdfaibckh^_`^fkgifeo\`gif]^fcgddgf
IBC=A>AQ>HAIJMQO<==B>>J=BGBKA=>HA>AID<>G<EA=<>AQ>@IB>=<RMBE<Q>HA>
kcf^_^dcmfcb^fcgifkgfbg_i^\hgifbg_fkcfbk`dcf]^kfccff
gf_c]\^fkgfb^i`\g_cmfcchgifkgfh\ihgfbg_fkcf^_^dcmficf^if
kcfldgl^i`cf]^fbgdd^ilg_ico\k\]c]f]^fkcf_]cb\_f^_gpcok^if
lgd^f^icf_^pcfbk`dcf^_^d`\bcf_gfbgdd^ilg_]^f^_f^bki\pcf
ckfbg_ih\]gdf^kb`d\bgfi\_gfcf`g]gifkgifbg_ih\]gd^if]^f^_^dcf
AE>Q<I>AGJ=AI<IT>AQ>D=<EIJB=DAT>QBI>FBW<=AI>>Q<I>RM@H<HAIX>YI>@E<>
R@AIDME>HA>A?@MH<H>>HA>D=<EIJ<=AERM<T>Q<>GMIG<>?@A>EBI>F<RA>
bd^^dfadh^h^_`^f^fkcfigb\^]c]fb\p\kf_gfcfh^d`gm
!5!+!!6!!!
!1s}qxuq0s0ts2r
|wx|tqsqx0suu0{rtqxury |qxuwtwrt{t|y rw
3rurw

q}qur0s12f3f14f3f1f3f14f3f1f3f1f3f12
)56!'
7 |8|tqr8szstrsurxrqx{|rsqxq9u|{r
cifak`dcb\g_^if]^f
\\k^cif^f^i`e_ficb]\^_]gfcfkcf
gl\_\_flok\bcfh_]\ckf`cho\_fcokc_f]^f^_^dcff_gf^_f^i`^f
R<IBT>J<=<>RBED<=>RBDMQQABI>IMEB>J<=<>GBID=<=>Q<>MEIAW@=MH<H>?@A>
dg]^cfkcf^glgk`\bcf]^kfcif]^kfl^`dk^gff]^fkcf^_^dcf_bk^cdmf
gif_^gb\gif]^kfcif^f`c_`gfl^d]\bc_fcfkcfi^d\]c]f^dgl^cf
^kf]^ibg_`dgkf^_f`gd_gfcfkcf^_^dcf_bk^cdffkcfoi^]cf]^fdc_\gf
kcifb\jdcif\_c]cif]^kfl^`dk^gfkgifd\^igif^_f`gd_gfcfgk^g]b`giff
=@D<I>HA><C<IDARMGMAEDBT>AQ>HAI<ID=A>HA>Q<>R@GC=A>HA>BJAEF<W@A>
igod^fbcho\gfbk\he`\bgfig_fck_cif]^fkcifd^p^kcb\g_^if]^f^i`gif
]gbh^_`gif]^kf2^lcd`ch^_`gf]^fi`c]gf_gd`^ch^d\bc_gf^f
bg_adhc_ffdc`\abc_fkgifd\^igif]^fhc_`^_^df_fi\i`^hcf^_^d`\bgf
]^l^_]\^_`^fckf f]^fj^_`^if^_^d`\bcif^f_gflg]^hgif
RBED=BQ<=>AE><CIBQ@DBT>EM>AE>I@I>RBIDAIT>EM>AE>I@I>J=ARMBI>EM>AE>I@I>
=MAIWBIX
_f
\\k^cif`cho\_fi^fl^]^fk^^dfbhgf^kf \_\i`dgf]^kf
^`dk^gf]^f4dco\cfc]fclgf]^b\]\]ch^_`^fkcf^_^dcfigkcdf
lcdcf^p\`cdfkcfhckcf\hc^_f]^fkgiflci^ifl^`dgk^dgif^fi^fglg_c_f
<>Q<>=AH@RRME>HA>AGMIMBEAI>AE>Q<>R@GC=A>HA>BJAEF<W@AX>YQ>
h\ihgf]gok^fk^_c^f^fi^f`\k\cfbg_fkcif^_^dcifd^_gpcok^ifi^f
clk\bcf`cho\_fcfkcfkbcfbg_`dcf^kfbcho\gfbk\he`\bgmfkfld^b\gf]^kf
n fi^fpcfcfhk`\lk\bcdfci`cfffif\hlcb`gf^_fkcf^bg_ghcfpcf
cfi^dfhcgdfcflcd`\df]^ffbc_]gfkgif]^d^bgif]^f^h\i\_f_gfi^f
d^lcd`c_fdc`\`ch^_`^fh\^_`dcif`c_fikgf_cf]b\hcflcd`^f]^fkcif
AGJ=AI<I>QB>DMAEAE>AE>R@AED<X
c]cfp^f^ifheif^p\]^_`^f^fkcflci\p\]c]fpcfcfd^ik`cdfheif
bcdcmfcfbg_`ch\_cb\_fc`hgijd\bcfcfldgpgbcfheifh^d`^if^f
Q<>R<==ADA=<>>IA>ASDMAEHA>RBGB>@E<>E@AK<>AJMHAGM<>MEKMIMCQA>RBE>
RBIDAI>R<H<>KAP>G<B=AIX>YE>E@AID=<I>RBID<I>AI>O=AR@AEDA>KA=>RGB>
`g]gifkgifcgifi^fd^lg_^fkcfcd^_cf]^fkciflkcciffkgif]cgif]^fiif
lci^gifhcd`\hgiflgdfkgifj^_h^_gifbc]cfp^fheif^`d^hgif]^kf
bk\hcff]^fkgifhcd^imfcf4^_b\cfilcgkcf]^f ^`^gdgkgcfcf
c__b\c]gf_f\_bd^h^_`gf]^ffdc]gif]^fkcf`^hl^dc`dcf^_fkgif
ld\hgiffcgifbc_]gf^kfd\^igfc]h\`\]gf`c_figkgf^if]^ff
dc]gimf4k\^_fcfbckbkc]gf^kfbgi`^f^bg_h\bgff]^fo\^_^i`cdf]^f
_fbcho\gf`c_f^il^b`cbkcdf\__fgo\^d_gfl\^_icf^_fl^d\g]gif
]^f]bc]ciffcfl^icdf]^f^fkcif^p\]^_b\cifbd^b^_fi^fld^a^d^f
_f]\ibdigfheifbghlkcb\^_`^fgfi\hlk^h^_`^f\_gdcdf^kfd\^igf
]^kfbcho\gfbk\he`\bgmfgifd^ik`c]gif]^fkcfbhod^f]^fc_b_f
AIRBEHAE>@E<>E@AK<>O<QD<>HA>D=<EIJ<=AERM<>>Q<>GMIG<>RBHMRM<>?@A>
^i`ef^_f^kfgd\^_f]^fkcfbd\i\ifa_c_b\^dcf]^fff]^fkcf^f^_f^i`gif
hgh^_`gifcfi^f^i`ef^i`c_]gm
cfbd\i\if]^ff`pgfifgd\^_f^_fkcfio\]cf]^fkgifld^b\gif
]^kfbd]gf^_f^kfp^dc_gf]^ff^fcbcofldgpgbc_]gfkcfio\]cf
]^fkgif`\lgif]^f\_`^diffkcfd\_cf]^fkcif\lg`^bcifocidcmf^\ifcgif
]^ilif^kfl^`dk^gfp^kp^fcf^_bcd^b^di^fcgdcf]^o^dchgif^i`cdf
<HKA=DMHBIX>BHB>AQ>G@EHB>J<=ARA>I<CA=>AQ>RBIDA>HA>Q<I>=AEBK<CQAI>
JA=B>E<HMA>RBEBRA>AQ>RBIDA>=A<Q>HA>QBI>RBGC@IDMCQAI>OIMQAI>>HA>

skfjdch^_`gf]^kf ^`gf!f^fl^dh\`^f\]^_`\abcdf_cfbd`\bcf
^lkb\`cf]^kfc`gdf^i
4fkfld^b\gf]^kfn fi^fpcfcfhk`\lk\bcdfci`cff" m#
fc]cfp^f^ifheif^p\]^_`^f^fkcflci\p\]c]fpcfcfd^ik`cdf
heifbcdcm#
fcfbg_`ch\_cb\_fc`hgijd\bcfcfldgpgbcfheifh^d`^if
^fkcfbcdd^`^dcf" m#
2fcf4^_b\cfilcgkcf]^f ^`^gdgkgcfcfc__b\c]gf
_f\_bd^h^_`gf]^ffdc]gif]^fkcf`^hl^dc`dcf^_fkgifld\hgiff
cgim#
fcfbd\i\if]^ff`pgfifgd\^_f^_fkcfio\]cf]^fkgif
ld^b\gif]^kfbd]gf^_f^kfp^dc_gf]^ff" m#
scfk^b`dcf]^kfld\h^dfleddcjgflgi\o\k\`cf\_j^d\df^f

\\k^cifcfp^b^if`\^_^fbghgfgo^`\pgfd^ldg]b\d
4f]^ibg_`dgk
fd\^igi
fb\ih^i
2f\_i^d\]c]
fak`dcb\g_^i
s4b^dbcf]^fkciflckcodcif{wur>>{wurfi^fcadhcf^
4fkcfld\h^dcf`\^_^fbghgf\]^cfjc`\cfgf]\il^_]\gfbcic]gflgdf
<QWBX
fkcfi^_]cfi^fd^a^d^fcfgd\kkcfi^cf]^kfhcdf]^f_fdgfgf]^f
@E>Q<WBX
fkcfi^_]cfjgdhcflcd`^f]^f_cfkgbb\_f^\pck^_`^fcf$%
&'(&)*+*%,&-%(./%01&)2+%,&X
2fkcfk`\hcfi\_\abcflcd`^flgi`^d\gdf]^kf`dg_bgf]^f_fc_\hckf
>IBQB>IA>@I<>AE>JQ@=<QX
flgi^^_fi\_\abc]gif^\pck^_`^ifbg_f_cfi\hlk^f]\j^d^_b\cf
]^f_h^dgm


s2^fcb^d]gfbg_f^kfc`gd
f4fkcfbg_`ch\_cb\_fc`hgijd\bcfc]^heif]^kfdc_f_h^dgf
HA>G@A=DAI>?@A><>F<>J=BKBR<HBT>IMW@A><@GAED<EHB>>J=AI@JBEA>
bgi`^if`g]cpcfhcgd^im
fkcfd\_cf]^fkcif\lg`^bcifocidcffkcfio\]cf]^fkgif`\lgif]^f
\_`^difig_fkgif^bgif^f]^cdcdg_fkcifbd\i\if]^fffm
fkgifd^ik`c]gif]^fkcfbhod^fd^ck\c]cf^_fc_b_fc_f
^ibg_]\]gfkcifbg_i^b^_b\cif_^c`\pcif]^fkcfbd\i\ifa_c_b\^dcf]^f
m
2f^kf\hlcb`gf]^kfld^b\gf]^kfnf^_fkcf^bg_ghcf^hl^cdef
^_f^kfcgf]^fffi^\defci`cffcflcd`\df]^fkcfd^lcd`\b\_f]^f
I@I>HA=ARFBI>W=<D@MDBI>HA>AGMIMEX
f^if\hld^ib\_]\ok^fkcf]^j^_icf]^fkcifd^_gpcok^if^_fkgif
HMIR@=IBI>T><>Q<>KAPT>Q<>MGJBIMRME>HA>@E>W=<E>RBEI@GB>HA>R<=CE>
>HA>W<IX

fkcfbg_b\^_b\cfcho\^_`ckm
Os_f^kfi^_]gfbc]dgf]^fkcf`\dcfi^f\]^_`\abc
4f_cddcb\_fgh_\ib\^_`^f^_f`^db^dcfl^dig_cm
fglgi\b\_fcfkgf^fi^f]\b^f^kfld\h^dfbc]dgm
fbg_`dc]\bb\_f^_`d^fkgif^k^h^_`gifp^dock^im
2fd^h\i\_fcfg`dgf`^`gf]^fbg_gb\h\^_`gf^_^dckm
fc_`cg_\ihgf^_fkgf^fi^fd^a^d^fcfkcf`g`ck\]c]f]^fkcf\i`gd\cm
s4b^dbcf]^fkgif ^`gif!ff!!fi^fci^p^dcf^
4f^kfi^_]gfld^i^_`cfk^_c^f\_jgdhckfbg_f^b^igf]^f
^dcim
f^kf^__b\c]gdf]^kf ^`gf!f^if_^`dgf^f\hlcdb\ckm
fkgif]gifld^i^_`c_fjgbgf]^ibd\l`\pgf]^fkgifgo^`gim
2fkcf`^he`\bcfcb^dbcf]^kfh^]\gfcho\^_`^f^ifbgh_m
figkch^_`^f^kf ^`gf!!fld^i^_`cf_cfbd`\bcf^lkb\`cm

skfk`\hgfleddcjgflgi\o\k\`cf\_j^d\df^fkf`dh\_gfrww>
^_f^kf`^`gfi\_\abcf^kfd^ik`c]gf]^
4f]\j^d^_b\cdfpcd\cdf]^i_\dfgf]^ip\cdm
f^p\`cdf_fci`gfgfbg_ihgfhcgdm
f^b^]^df]^fkgf]^o\]gm
2fbg_`dcp^_\dfcfkgfdcg_cok^m
f^odc_`cdf_fld^b^l`gm

^ilgi`cif1f3f1f3f1f3f14f3f1f3f1f3f14f3f
1f3f12f3f12
0!!/L
cfck_ciflckcodcif^fl^]^_f\_]b\dfckf^i`]\c_`^f
odci\k^gfcf_cfbghld^_i\_f^\pgbc]cf]^fifi\_\abcb\_mfg_f
QBI>KBR<CQBI>quqwqy xu|{wfkgifbck^if`\^_^_fdcjcf\ckf
gfbci\f\ckfcflckcodcif]^kflgd`ifl^dgfbg_fi\_\abc]gif
]\j^d^_`^imf^hlkgi
cfi^bd^`cd\cff^kf^d^_`^f]^fp^_`cif`dcocc_f^_fkcfh\ihcf
PQRSTUV
4^kkcfc`cfi^flg_^fdco\gicfbc_]gf_gfi^fcb^dbcfcfiif
{r{ww
\f_ghod^f^ifWc\dffh\frqtt|wsAI>B@P<X

sYQ>RBEARDMKB>IMEB>AE>B>IA>D=<D<>HA>R=A<=>E@AKBI>
\hl^i`gifi\_gf]^f\_b^_`\pcdfaibckh^_`^fkgifeo\`gif]^fcgddgf
IBC=A>AQ>HAIJMQO<==B>>J=BGBKA=>HA>AID<>G<EA=<>AQ>@IB>=<RMBE<Q>HA>
kcf^_^dc#f]^_g`cf\]^cf]^
4fbg_bgh\`c_b\c
fbg\_b\]^_b\c
f^ilcb\g
2f^lk\bcb\_
fc]p^di\]c]

0!X!L!!X!L6!!YZ
4khgc]c1f`dcp^ii^\dg
4l^kk\]g1figod^_gh^ffffffff
^ddg1fcd\VB
gkic1ficbgkcffffff
gki\kkg1fogkig
gddcbc1fo[oc]cffffffffffffffffff
gddcd1fclccdf
d\_bcd1flkcdfick`cdfffffffffffffffffff
<=J<N>C<==<R<
cbgddgi1fakg`^i
^_c1fc_`cdf
MD<N>AERBED=B>>>>>>>>>>>>>>>>>>>>>>>>
gkc1fakc
glgi1fgbgif
@AQQBN>JAIRBUB>>>>>>>>>>>>>>>>>>>>>>>>>>>
2^i\`cdi^1fp\_cd1i^
hocdcc]c1fdep\]c
YIRBC<N>K<IIB@=<>>>>>>>>>>>>>>>>
YIR=MDB=MBN>AIR=MK<EMEF<
YID<EDAN>J=<DAQAM=<>>>>>
YIDBO<HBN>AEIBJ<HB
YS?@MIMD<N>WBIDBI<>
@EH<N>O=BEF<>>>>>>>>>>>>>>>
<=WBN>QBEWB>>>>>>>>>>>>>>>>>>>>>>
<DM=N>C<DA=>>>>>>>>>>>

)56!''

4567895:;<=<9>=?@@7>AAB<C5C;DEDFG=;<6FH8BI7B<66F
7J6 KL
s<>FMIDB=M<>HAQ>ASDB>MM>IA>HAI<==BQQ<>HAIHAL
4fd^kc`gf]^f^l^d\^_b\c
fbg_`dcfcdh^_`cb\_
f^k^h^_`gif]^fjeokci
2fi\hk`c_^\]c]f]^f^bgi
fbd`\bcfcfkcfhc_\]c]
NsYQ>RBEBRMGMAEDB><RA=R<>HA>Q<I>DM=<I>RGMR<I>>QBI>AQAGAEDBI>
_gfp^dock^ifl^dh\`^_fcadhcdf^fkcfbg_p^dicb\_f^_f^kf ^`gf!!fi^f
AID<CQARA>AED=A>AQ>RFMRB>L
4f_fl^dig_c^f^f_gfjgdhcflcd`^f]^fkcf`\dcm
f^kfh^bgf^f`\^_^f^_fkcifhc_gim
fg`dgfl^dig_c^f^_fkcfldgl\cf`\dcm
2fiifch\gim
3


/1)4"60#*

^kc1f]^_`^fhgkcd
nab\_c1f^ibd\`d\gffffffffffffffff
nig1fdigfffffffffffffffffffffffff
;AQ<HBN>R<=AR<
;AQBN>R<CAQB
;MGJBQQBIN>CBDVB>>>>>>>>>>>>>>>>
;BQKBN>JBAM=<>>>>>>>>>>>>>>>>>>>
;=AI@ED<N>I@JBID<
^ckg1fld^i^_`^
gg1fp^dh^kgffffffffffffffffff
<RBN>J<QAD>>>>>>>>>>>>>>>>>>>>>
<Q<H<N>I<QW<H<>>>>>>>
<QI<N>GBQFB
A><RA=RN>IA><J=BSMGB@
A><RB=HN>IA>QAGC=B@>>>>>
MDMBN>Q@W<=>>>>>>>>>>>>>>>>
D<EBN>JB=VB
c`g1fhgh^_`gf
o\g1fkg\dg
\dcd1fgcdffffffffffffffff
]<IBN>RBJB>>>>>>>>>>>>>>>>>>>>>>>
gddg1fdclgicfffffffffff
d]g1bc_g`g

0!6!I<G95I86>
>> sssssssss
14u73sss
27u37
4v!nffffffffffff07fgfffffffffffff
!nffffffffffffff73fcfffffffff

ffffffffff761fgi
ffffffffff731ffci

64w364010f4fxfyf37ffffffffff2fxfyf07s
0tsru{}tws|qy qsq{qqsrtsxwy qs
0qy tw0s
0t><CBW<HBT>7r><@HMAERM<T>7r>QAAIT>7wf^b^imf
0xuqsqtsru{}twszsqtsxwy qs}qqxs|xuqwxqsrqu|ws
wsrq|ws
0qy tw0s
0tsG@EHM<QGAEDA>RBEBRMHB><CBW<HBT>7r>J=MGA=<>QARRMET>7r>
E@AK<I>QAAIT>7w>MQ@ID=AIf^b^im
if\_bgdd^b`gf^kfigf]^fcd`bkgf]^kc_`^f]^f_ghod^if]^fl^dig_cif
gf]^fkcd^if^gdeabgifbghgfb\]c]^ifl^okgiflci^if^`bmf

0q{|{|w
s r{rsqtsquqwqy xu|{w0
cfh^dm
ofp\c^m
bf]gk^dm
]fogkigm

YI> |x{wq{uw> HARM=L> 7rs ilccf 0t> ;AH=BT>

7rf cdcf0ts \bgf^`bm
gbgif_ghod^if]^flci^ifl^]^_fi^dfld^b^]\]gif]^fcd`bkgfcf
JAI<=>HA>EB>IA=>BCQMW<DB=MB>I@>@DMQMP<RMEX

s1q^rtrstrsrtuqxru|rs{wq{ursrrstrsur}{|wxqsqs
trsrtrrs!L6s!K!zs60
cfcf^_`^f_f^_gg1i^f_fc`^k\^dm
ofcifl^iigcif_f^hodcp^b^f_fgab\_cm
bfcifl^iigcif_fi^f^hodcp^b^f_f^ibd\`d\gm
]fcf^_`^f_f^_g1i^f_fgab\_cm

0qy tw0
0tfdci\kf7rf4d^_`\_cf0t>=@W@<T>0t>;<=<W@<>0tf^df
7w>YID<HBI>EMHBIT
0tfc_c]ef0t>YR@<HB=>>0tfWcl_m
4k_gif _ghod^if ]^f lci^if f b\]c]^if ]^o^_f kk^pcdf
gok\c`gd\ch^_`^f^kfcd`bkgfld^b^]\_]gkgim

ss r}qstrsrtuqxru|rsqxs}qsrzs}xrsrtrrsqs
9xqwsw}quwsrstrsqy 0
cfbgdc^f_fic_d^f_fgd\^_m
ofickf_fk^b^f_fh\^km
bf]gkgdf_fbgkgdf_fcld^_]\c^m
]f^pgf_fb^d]gf_flc_gm

0qy tw0
0ts<QK<HB=T>7rsMEHM<T>7rscoc_cT>0ts<M=BT>7rsgdcT>7rs
\gcX
;@AHA>JBEA=IA>J=ARAHMAEHB>EBGC=AI>HA>JA=IBE<I>B>RBG<=R<I>IM>
i^fbck\abc_>QBI>GMIGBIX>

`abcdefdRgShUi dTgdjbkPebeSlTSQRUmPebmdbkUebfUkUnoUeb
pq!!q!!!5r6s!wx0
cfdep\]cfgi`gigfbgh^tcdf]^i^_pgkp\h^_`gfbchcdf
HAQMRMBIBX
of^hocdctc]cfh\k\g_ed\gfl^icdf]^i^_pgkp\h^_`gfkchcf
AI?@MIMDBX
bf dep\]cf d\bgf bgh^tcdf ]^i^_pgkp\h^_`gf bchcdf
cdc]ep^km
]f^hocdctc]cfd\bgfl^icdf]^i^_pgkp\h^_`gfkchcf^i\i\`gm

0qy tw0
0t> W=<E> <JBQAET> 7rs o^_cf cdcf 7rf ilccf
<EDMW@<T>7r>=<ERM<>GBHA=E<T>ADRX
@<EHB>QBI><JAQQMHBI>B>EBGC=AI>J=BJMBI>K<E>AE>JQ@=<QX
0qy tw0
7wf^d_e_]^f7rs cdcif7wfd^f^`bm

16Z!12f3f1f3f1f3f14
\


0#*!$9( &1#*

{86=|B@}C~;86=9I<G95I86
s14u73ssssssssssssss27u37
4v!nf
su4fhf
!nff
u43fhcf

u461f_i
u431hci

0tsru{}tws|qy qsq{qqsrtsxwy q
0qy tw0s
ux>J=BOAIB=T>uxr>RQ<IAT>uxr>QAAIT>uxws^b^im
0xuqsqtsru{}twszsqtsxwy qs}qqxs|xuqwxqqs
rqu|wswsrq|w>>
0qy tw0>
uxsy }x|rty qxuq>RBEBRMHB><CBW<HB>uxrs|xuqqrxuq>
h^dfuxrsqqr>QAAI>uxws|t}uqf^b^im
if\_bgdd^b`gf^kfigf]^fcd`bkgf\_]^a_\]gf]^kc_`^f]^fkcif
J<Q<C=<I>wuws@>wur
0qy tw0
6w6f!4nff_gf_fg`dgf^ibd\oc_g
6w6f24#ff_gf_fg`dgf]c#
uxw>>uxr#f`cho\_fi^f`\k\c_fbg_f^kfi^_`\]gf]^f
<J=BSMG<H<GAEDA>J<=<>HMID<ERM<IT>OARF<IT>GAHMH<IT>ADRX
0qy tw0
\f^ib^kcf^i`efcs}xwsb\_bgf\kh^`dgif]^fcm
cfbcicf]^fkcf`cf]^f cdcf^i`efcs}xrsD=AI>R@<H=<I>HAQsD=MC@E<QX
cb^s}xwsi^\ifcgif^f_gfigfhk`c]gm
6&*)&*
abPTlUbdkbUogRkPbmdQTSmP
c1fff_\gf^i`eflci^c_]gm
o1ffffh^df^i`efj^k\m
b1ffe\kcf^i`efpgkc_]gm
]1ffdgf^ifk\hl\gm
^1fffghod^if^i`e_f`dcocc_]gm
j1ffffgd^ifig_fchcd\kkcimf

f1f
RA=B

1fbc`gdb^

1p^\_`\gbg

f1f
@EB>

1f\_b^

1p^\_`\_^p^ 1b\^_`gfbc`gdb^

1b\^_`gf]gi

N>>
HBI> 1f]\^b\i\i
1ff
D=AI 1f]\^b\i\^`^

1`d^\_`cff 1`d^ib\^_`gi3ci
@EB

1ff
R@<D=B 1f]\^b\gbg

1`d^\_`cff 1bc`dgb\^_`gi3
HBI
<I

1ff
RMERB
1ff
IAMI
1ff
IMADA
1ff
BRFB
1ff
E@AKA
1f
HMAP
1f
BERA
1f
HBRA

1f
HMARME@AKA

1`d^\_`cff 1\_\^_`gi3ci
D=AI

1fp^\_`^

1bcd^_`c

1`d^\_`c

1]gib\^_`gi3ci

1i^\ib\^_`gi3ci

1fp^\_`\_g 1b\_b^_`c 1i^`^b\^_`gi3ci

1fp^\_`\`di

1i^`^_`c

1f
KAMEDMR@<D=B
1f
KAMEDMRMERB

1gbgb\^_`gi3
<I
1_gp^b\^_`gi3
<I

1gb^_`c

m1h\k

1_gp^_`c

1h\kf_g

1p^\_`\i\i

1b\^_3
RMAEDB

mm1f_f
GMQQE

N>KAMEDMHI> 1i^i^_`c

1f
D=ARA 1p^\_`\i\^`^ 1b\^_`gf_g

mm1f]gif
GMQQBEAI

4fbg__tgfs~sqs}u|t|rsqxuqsrsqqxrsqsrs}x|rqs
wsxy qws{wy wuwsqvqy tw0sOssbcd^_`cff_^p^mfnif
_h^dgif]gfp\_`^f^fhfcgfp\_`^f^f_gp^figf^ibd\`gif^hfhcfif
lckcpdcmf4f]\j^d^_tcf]gflgd`[if^hf^ilc_gkfgf_h^dgf]g\if_gf
h]cf]^f[_^dgmf^hlkgf4kkfcf]gifb\bgimf4kkfcf]gif
b\bcim

abPTlUbdkbUogRkPbSTmdQTSmP
cff]cf\dfcfilccm
offi^gdcf^i`ef^_fkcfl^d`cm
bfcb^ffhcc_cf^i`l^_]cm
]ffckh_gifkk^cdg_f`cd]^m
^f^o\hgifbc_`cifb^dp^cim
jffh^d^iflci^c_flgdf^kflcd^m

6&*)&*
s0{|rstwsxy qw0

q}qur0

f_
f_f
f_f
f_
f_

1fc1fffo1f4ffb1fff]1ff^1fnffj1f4
1fc1fvfo1fv4ffb1fv4ff]1fvnff^1fv4ffj1f
v4
z


mf_
mf_
mmf_
q}qur0
<DB=RA
^\_`\`di
@<=AED<>>BRFB
MAEDB>HBRA
@MEMAEDBI>IADAED<>>IAMI
ADARMAEDBI>IAIAED<>>IMADA
BKARMAEDBI>BRFAED<>>BRFB
\kfbc`dgb\^_`gifgb^_`cffi^\i
]AMEDM@EB>GMQ>BRFBRMAEDBI>R@<=AED<>>R@<D=B
MER@AED<>>IAMI>GMQQBEAI>IAMIRMAEDBI>IADAED<>>HBI>GMQ>KAMEDA

IAf^if^kfighod^dgf]^fWc_mf fh^_gifb^dbc

.1#$#( +1&*

3}9ttr>^ifh\fco^kcmf fk^gif

0!.!.

7ws2wxwy qsqy wuru|w

gifldg_ghod^ifl^dig_ck^ifig_fkgif^fi\dp^_f]^fi^`gf^_f
@E<>B=<RMEX>YQQBI>IBEL
.

*L

.

EBIBD=BIT>EBIBD=<I

KBIBD=BIT>KBIBD=<I

9tsqttrsu

AQQBIT>AQQ<IT>HIX

( /*"60'$# &( &$'$# $&6)1#

\_kcd3 66
JQ@=<Q
\_kcd3
JQ@=<Q

66

AIDB

RA=R<

AIB

GAEBI>
RA=R<

\_kcd3 ck3ckkgi 4 kkc3 <?@AQQB

JQ@=<Q
ckkci

0qy tw0>

k^gi

4wurL%cdcfbc]cfldg_ghod^f]^hgi`dc`\pgfhcibk\_gff
j^h^_\_gfcf_fc]^`\pgfl^dgfkgifc]^`\pgif_gfkk^pc_fkcf`\k]^fmf

w>AID<C<>AE>R<I<><A=X
4kg_igfu><>F<I>RBGMHB>C<ID<EDAI>RFBRBQ<DAIX
^]dgf^if^ilcgkf9t>AI>HA>AKMQQ<X>
bcf^ifh\f^dhc_cfqttrf`\^_^ffcgim
YI>G<AID=B>u>
<=QBI>>B>O@MGBI><Q>RMEA><EBRFA>xwwuw>KMGBI>@E<>
l^kbkcfcd^_`\_cm
MWE<RMB>>Y@WAEMBT>IBMI>wwuwf]^filcc
gifb\bgifcoc_f^_f^kfcd]_fcgdcfqttwf^i`e_fhfib\gim

0qy tw0s
uqsldg_ghod^sssssssssssss
0uqsc]^`\pgs
}x{|wxq0s!_]\bc_fkcfd^kcb\_f]^fldg\h\]c]f^_`d^f^kfgo^`gf
ckf^fi^fd^a^d^_ffkgif]\p^digiflcd`\b\lc_`^if]^kf]\ekggmfi`cf
J=BSMGMH<H>J@AHA>IA=>QBR<QT>DAGJB=<QT><OARDMK<Xs

0!.!-66!

0qy tw0

gifldg_ghod^iffc]^`\pgif]^hgi`dc`\pgifi\dp^_flcdcf\_]\bcdf
kcfd^kcb\_f]^fldg\h\]c]f^_`d^fkgifgo^`gifcf^fi^fd^a^d^_ffkgif
lcd`\b\lc_`^if]^kf]\ekggmf^hlkgf

0ur>=AKMID<>?@A>DAEWB>AE>Q<I>G<EBIX
3}qts^ch^_fj^fheif]\jb\kf^fi`^f]^fgm
3}qttwfigk]c]gifj^dg_f_f^^hlkgf]^fpckgdm
wx{wrx{|r0s QBI> J=BEBGC=AI> HAGBID=<DMKBI> IMAGJ=A>
bg_b^d]c_f^_f_^dgff_h^dgfbg_f^kf_ghod^fckf^fi^fd^a^d^mf
0qy tw0

>
0urfp^_`c_cf_^b^i\`cfd^lcdgf fb^dbc

0uq>RBRFA>AI>E@AKBX
0rf^ib^kcf^i`efb^ddc]cm


0!.!.

noi^dpcfkcif`dc_ijgdhcb\g_^if^_fkcifgdcb\g_^if
%&*0/%6!6f2mfkftrf^ibd\o\mf2fyf
YQA>r>AIR=AKA@X
$&/% .*% ! ( f 2mf4^df trf p\hgimf 2f yf
n_`^h>r>KMGBIX
% &*0/% ! f !mf kf tqf ^ibd\o\mf !mf yf
YQA>tq>AIR=AKA@
&&.)&+.*% ! 0f !m7qs `^k^jg_^chgimf !mf yf
f
7q>DAQAOBE<GBI

q{}qrs}qstwsrqu|wswq|ws|qxqxsq}|wsqs
}urxu|w0
|fk\pdgfifu}fld\hcif}fbgb^i
/K6 (   (  
h\f3fh\i

gi

ci

`f3f`i

@B

@<

@BI

@<I

if3fii

@B

@<

@BI

@<I

_^i`dgfcf
3f^i`dgif @AID=B
ci

@AID=<

@AID=BI

@AID=<I

g

GA

GA

!!!!!!!!!
L

p^i`dgfcf
3fp^i`dgif ]@AID=B
ci

]@AID=<

]@AID=BI

]@AID=<I

DA

DA

>>>>>>>>MT>
bg_`\g

6!


kg3k^

k^i^

<>>>>>>>>>>>>>>>>>>>>>
6

kkc3i`^]
h^d

Q<

k^i^

lcdcfffffffffffff^kkc3
@IDAH

gig`dgi3
EBIBD=<I

EBI

EBI

RBE>>>>>>>>EBIBD=BI>
ci

gig`dgi3
KBIBD=<I

BI

BI

HA>>>>>>>>>>KBIBD=BI>
ci

kkgi3i`^]^i
ghod^i

kgi3k^i

k^ii^

ffffffffkkgi3
@IDAHAI

kkci3i`^]^if
h^d

Q<I

k^ii^f

>>>>>>>>
kkcii`^]^i

0!.!,6
!
. .! .
6

!!!
"-!6 "'!6

if3fii @B
@<
@BI
@<I
>
cdcfbc]cfc]^`\pgflgii^ii\pgfbgdd^ilg_]^fhfldg_gh^f
lgii^ii\pgflgdhfgfldg_gh^f_gfp^hfi^\]gf]^fioi`c_`\pgmf
ffffffffffc]^`\pgfffffffffffffffffc]^`\pgf
4kf^if`ft|wffi`^f^ifh\ft|wX
4kf^ifu}zwfk\odgffi`^f^ify w>QMC=BX>
>>>>>>>>
>>>>>>>>>>>J=BEBGC=A>>>>>>>>>>>>>>>J=BEBGC=A>>>
gifbghlk^h^_`gif]\d^b`gif2f^f\_]\d^b`gif!fbgdd^ilg_]^_f
^_flgd`ifcfkgif.&2.*%,/&2.*!#-!A>),/&2.*!#'X
#!!"-Z

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

!!qurs{rurssYQA>AIR=AKA@squrs{rur6
3zqs|y wsrs r|rsssn_`^hfp\hgisrs r|rs6s
2qw|{|wxrw

1fkfbghlk^h^_`gf]\d^b`gf^fi^fd^a^d^fcfqwxrss
y r{}t|xrs>IA>J@AHA>I@IDMD@M=>JB=>tw>>B>>tqs>

#!!"'Z

0qy tw0
gfp\srs}rxssssssssssssssssssgftwfp\mffffgfffgftqsKMX
gfp\srstwsx|^wssssssssssssgftwfp\mfgfffgftq>KMX

%&*0/%rrs}rxs!f
YQA>AIR=AKA@>rrs}rxmfn!
AQAOBE<GBI%rs7}{|rmf!ff ^k^jg_chgisrrs7}{|rfn!f

N>YQ>R<GCMB>HA>tqtq>J<=<>qfikgfgbdd^flcdcffl^dig_cf
i\_kcdfflkdckffbc_]gfkgif]gifbghlk^h^_`gifig_fldg_ghod^if
e`g_gi

0!!6
4ifbghgfkgif_ghod^ifqurs{rursrs rrsrrs}rxs
rs7}{|rf`cho\_fkgifldg_ghod^ifl^]^_f`^_^dftrs}x{|~xs
qs{wy tqy qxuws|q{uwsws|x|q{uwsYE>AIDA>R<IB>IA>
QQ<G<E>wxwy qs{wy tqy qxuw

Q>tqs]\gf_cfgdmfffffffffff2qw>>>>>Q>q>Q<>HMBX
>>>>
ffycf^kkcffffffffffffffffffkgifw>RBGJQAGAEDBI>IBE>J=BEBGC=AI>
e`g_gi


]1f \dfrs}s|wfbg_fbcd\gm
fffffh\dfbg_fbcd\gm

1fcifjgdhcif{wxy |ws>{wxu|w><>KMAEAE>RBE>Q<>J=AJBIMRME>
{wxfbghgfgbdd^f^_flgd`im
0qy tw0s

AN>YQQ<>ASJQMR>AQ>J=BCQAG<>rstrsx|^r
>>>>YQQ<>ASJQMR>AQ>J=BCQAG<X

uwsqs{wy tqy qxuws|q{uw0

ts|wsrsy sssssssssssssssssstsy qsKMBX
tsttry ~srsu|ssssssssssssssssstsuqsQQ<GX
ts|wsrswtwqsssssssssssssststr>KMBX

ON>]M>twst|w>AERMG<>HA>Q<>GAI<X
>>>>>KM>AERMG<>HA>Q<>GAI<X
1fWgifd^ckf_f]\ibgfrsxwwuwX
ffffWgifd^ckf_f]\ibgm

uwsqs{wy tqy qxuws|x|q{uw0

tsq{||~s}xrs{rursrrsy sssssssssstsy q>AIR=MCM>@E<>R<=D<X
tstqz~s}xswqy rsrrsu|sssssssssssssssssstsuqsQA>@E>JBAG<X
ts|ws}xsqrtwsrsqttrssssssssssssssssssssssststq>HMB>@E>=AW<QBX

1fif_\^`gif`dc^dg_f^i`gif]kb^ifrs}uq
ffffif_\^`gif`dc^dg_f^i`gif]kb^im

6&*)&*
s3qu|wswswxwy qsqttqxrstws}q{ws{wxs}xrsqs
trsrtrrsqxuqsr9xuq|0
cffbgb^f^if]^kfldgj^igdf]^fhc`^he`\bcmfi`^f3fi`^
of2^f\_fig_fffk\odgifi`gif3f^i`gi
bfff^ifh\fld\hcf^d_\bcmf4kkcf3f4^kkc
]f\_f^iffb\bcficf3f^ic
^ffbckk^f^iffi`cf3f^i`c

swy tqurstrsrqs{wxstwswxwy qsqwxrtqL

cf\_figfffl^dimfi\_m
offig\ifhfo^_gimffl^dimflkmfhcibm
bffi^fkkchcf cdcmfffl^dimfi\_mfj^hm
]ffflgdfjcpgdfl^]^_f^_`dcdmffl^dimflkm
^fffcb^ifffl^dimfi\_
jff_gfighgif^dhc_cimffl^dimflkmfj^hm

sqttqxrstws}q{ws{wxsqy wuru|w0
cfiff^kfighod^dgf]^f`flc]d^fb^dbc
offlc_c]^dgf^ifhf`dcocc]gdmfk^gi
bffig_f\_^_\^dgif]^fkcf^hld^icmfh^_gifb^dbc
]ffl^k^dcf^ifhfo^_cmfh^_gifb^dbc
^ffig_fkcifhg]\i`cifheifjchgicif]^f c]d\]mfb^dbc

q}qur0
fcmfi`^ffomf^i`gifffbmf4kkcff]mf^icfff^mfi`c
fcmfIDAfffomf4^kffbmfigiff]mficff^mfID<If
fcmfg_fhgifomffif_^i`dcfbmfif`cf]mfificf^mf
g_fp^i`dgi
fcmf !fomffbmf f]mf^i`dgf^mfif3fi
fc1fgffffo1fcffffb1f^ffff]1fg3^ffff^1f^iffffj1fgiffff1fgif
FN>A>
fc1fgffo1fgig`dgiffb1fkkcff]1vi`^]^iff^1 ffj1f
gig`dci

swxuqursrstrsq}xurs}rxwstwswq|w0
cf2f\_fig_f^i`gifc_`^ifg
of2f\_f^if^icfbcicf_gig`dgi
bf2ff\_f^if^i`cfd^p\i`cf`
]f2ff\_f^if^icfkkcp^fk
^f2^f\_fig_f^i`gifk\odgifpgig`dgi

061

sqttqxrstrsrqs{wxsqtswq|ws{wq{uw0
cffbcicf^ifdc_]^mf !f3f !
offhc]d^fi^fkkchcfgicmf3fi
bffhc^i`dcf^if4_cmf f3f i
]ffbgk^\gf`\^_^f_cfo\ok\g`^bcf^i`dgf3^i`dc
^ffch\cif]\b^_f^ffb\]c]f^ifk\hl\cmfff3f
i

nifp^dogifigflckcpdcif^fc`chfbghgf_bk^gf]cfgdctgmfhf
^ilc_gkfgifp^dogifigfbkcii\abc]gif^hf`d[ifdlgifbg_jgdh^fcf
DA=GME<UVBL>
fd\h^\dcfbg_ctgfp^dogifbgf\_a_\`\pgf`^dh\_cf^hfrT>
RBGBL>R<ED<=T>DBG<=T>F<CQ<=X>
f^_]cfbg_ctgfp^dogifbgf\_a_\`\pgf`^dh\_cf^hfqT>
RBGBL>CACA=T>RBGA=T>JBIAA=X>
f ^db^\dcfbg_ctgfp^dogifbgf\_a_\`\pgf`^dh\_cf^hf|T>
RBGBL>KMKM=T><IMIDM=T>JA=GMDM=X>

s1}u|u}zqstrsrtrrsqxsqur}qswsqtswxwy qs
{wqwx|qxuq0
<NQ>QAA>qtsq|~|{wf`g]gifkgif]cim
fffkfk^^f`g]gifkgif]cim
CN>YIJA=B>trsxwu|{|r>RBE>MGJ<RMAERM<X
>>>>>AIJA=B>RBE>MGJ<RMAERM<X

c]cfhcf]cifbg_ct^if1cdf1^df1\dflg]^fi^dfd^kcdfgf
M==AW@Q<=X>
nifhg]gifp^doc\ifigf`d[i0s|x|{ru|ws}}xu|wsqs
|y qru|ws

RN>YQQBI>J=AW@ED<=BE>DBHB>rtsrqxuq
>>>>YQQBI>J=AW@ED<=BE>DBHBX

'6Z!g_c1i^fgfhg]gf\_]\bc`\pgf_gifi^\_`^if
DAGJBIL>


.6!
%/+0/1
cokg
cokci
cokc
cokchgi
coke\i
cokc_

"#( &1
BGB
BGAI
BGA
BGAGBI
gh\i
BGAE

cokc`^\i
cokcdg_

8'8'1
]MKB
]MKAI
]MKA
]MKMGBI
\pi
]MKAE

1f^j^d\d1i^fcfct^ifbg_bk]cif^hfhfhgh^_`gf]^`^dh\_c]gf
_gflciic]gmfmfkflclcfWc_fcokgf!!fjckk^b\f^kfcgff3fnf
lclcfWggfckgf!!fjck^b^f^hfmf
1f^j^d\d1i^fcfct^if_\bcif_gflciic]gmfmf4^dfj\fckfb\_^f3f
n_`^hfj\fcgfb\_^hcmf
6!*!
%/+0/1
cokcd
cokcdei
cokcde
cokcd^hgi
cokcd\i
cokcde_

1f^j^d\d1i^fcfeo\`gifgfbgi`h^imfmf ^fk^pc_`gf`g]gifkgif
]cifcfkcifi^\if]^fkcfhcc_cf3f^pc_`g1h^f`g]gifgif]\cififi^\if]cf
G<EFVX
N><Q<=>HA><UZAI>O@D@=<IXsmf cc_cf`^_gf_cfd^_\_fhs
\hlgd`c_`^f3f4hc_f`^_gfhcfd^_\gfh\`gf\hlgd`c_`^mf
N><Q<=>HA><RBEDARMGAEDBI>J<II<HBIXsYSXL>YQ>JMEDB=><QK<HB=>
2cks_cb^f^_f\^d^if^kff]^fhcgf]^ff3fnfl\_`gdfckpc]gdf
2ckf_cib^f^hf\^d^if^hff]^fhc\gf]^fm
1f2cdf\_i`dt^imsmfcdcfcokcdflgdf_f`^kjg_gflok\bgf
ld\h^dgfbgkgbcifkcf`cd^`cffk^gfhcdbcif^kf_h^dgmfcdcfjckcdf^hf
hf`^k^jg_^flok\bgfld\h^\dgfpgb[fbgkgbcfgfbcd`gf^f]^lg\if]\ibcf
gif_h^dgimf

"#( &1
ghc
ghci
ghc
ghchgi
ghc\i
ghc_

8'8'1
\pc
\pci
\pc
\pchgi
\pc\i
\pc_

8'8'1
\p\d
\p\dei
\p\de
]MKM=AGBI
\p\d\i
\p\de_

"!*
>

I<NIA>J<=<L>
1f^j^d\d1i^fcfct^iflciic]cif]^fbcde`^df]dc]gdgfgf
d^l^`\`\pgf^f_gf`[hfhfahf]^`^dh\_c]gf_gf`^hlgmfmf
c_]gf^dcf_\cf\ocfckfbgk^\gflgdfkcf`cd]^mf3fc_]gf^dcfbd\c_tcf
\cfcgfbgk\gff`cd]^mf
1f2^ibd^p^df_gflciic]gmfmf_fkcflgbcf]^fh\ifco^kgifkcf
b\]c]f^dcf`dc_\kcffkgif]ciflcicoc_fk^_`ch^_`^mf3fcflgbcf]^f
GA@I><KI><>RMH<HA>A=<>D=<E?@MQ<>A>BI>HM<I>J<II<K<G>QAED<GAEDAX>

%/+0/1
cokcdr
cokcdrI
cokcdr
cokcdrGBI
cokcdrI
cokcdrx

"#( &1
BGA=r
BGA=rI
BGA=r
BGA=ry BI
BGA=rMI
BGA=rE

8'8'1
]MKM=r
]MKM=rI
]MKM=r
]MKM=rGBI
]MKM=r|I
]MKM=rE

nf{wx|{|wxrtf^ld^iicfhfjc`gf\dd^ckfhciflgiip^kfgf
ldgpep^kf]^fd^ck\cdf_gfj`dgmfgdd^ilg_]^f^hflgd`[ifcgf
j`dgf]gfld^`d\`gmfmf ^f|r>RBEDMWB><Q>RMEAT>JA=B>EB>DAEWB>
`\^hlgm3ff\dcfbg_`\gfcgfb\_^hcfhcif_gf`^_gf`^hlgm
)!6!!'6Z
nif`^hlgifbghlgi`gif`^hfhcfd^kctgfi\_\abc`\pcfbghfgif
DAGJBI>IMGJQAI>HB>MEHMR<DMKB>HBI>?@<MI>HA=MK<GX

.66!.X6!
"#( &1
gh
BGMIDA
BGM
BGMGBI

"#( &1
gh^d
gh^dei
gh^de
BGA=AGBI
gh^d\i
gh^de_

I<NIA>J<=<L>
N><Q<=>HA><UZAI>O@D@=<IXsmfcfld\hcfi^hc_cfick]df]^f
pcbcb\g_^if3fcfld\hcfi^hc_cfic\d^\f]^fjd\cimf
1fckcdf]^flkc_gimfmfc_]gf`^dh\_^f]^f^i`]\cdfoibcdf
^hlk^gf^_f_cfdc_f^hld^icf3fc_]gf`^dh\_cdf]^f^i`]cdf
J=BR@=<=AM>AGJ=AWB>AG>@G<>W=<EHA>AGJ=AI<X

.66!'X6!

%/+0/1
cok
cokci`^
cok
cokchgi

]MKMDAMI
]MKMA=BE

chc]gf`chohf]^f\_]^a_\]gfic1i^flcdcf

I<NIA>J<=<L>

%/+0/1
cokcoc
cokcoci
cokcoc
cokeochgi
cokcoc\i
cokcoc_

BGMIDAMI
BGMA=BE

8'8'1
\p
]MKMIDA
]MKM
]MKMGBI

"6!.66!.X6!
4tgf\_\b\c]cf_gflciic]gf^f^fl^d]dcfc`fgfld^i^_`^fgf
i^cfc_]gfgf^ilctgf]^f`^hlgf^ld^iigf_cfjdci^fc\_]cf_gf
^i`efcbcoc]gmf^fbg_cfgfp^dogf4f_gfd^i^_`^f]gf
!_]\bc`\pgfxfgfcd`\bl\gf]gfp^dogfld\_b\lckm


&KZfi`^fcgfbci\f_gf^s|rrwsgfc_gf_gfcbcogfi`^f
c_gfci^f_gfp\c^\m
%/+0/1
FA>F<CQ<HB
F<I>F<CQ<HB
F<>F<CQ<HB
FAGBI>F<CQ<HB
co\ifcokc]g
F<E>F<CQ<HBs

)&( &1
FA>DAGMHB
F<I>DAGMHB
F<>DAGMHB
FAGBI>DAGMHB
co\if`^h\]g
F<E>DAGMHB>

./1)'1
FA>J<=DMHB
F<I>J<=DMHB
F<>J<=DMHB
FAGBI>J<=DMHB
co\iflcd`\]g
F<E>J<=DMHB

&K>;<=<>R@<EHB>EBI>G@HAGBI><>rxsuqy |xrw>Q<I>
BC=<IX>c_]gf_gifh]cdhgifef`^dgf`^dh\_c]gfcifgodcim
%/+0/1
codfcokc]g
codeifcokc]g
codefcokc]g

/6
d^`d\`gf!_]^a_\]gf\hlk^ffffffd^`d\`gf^dj^b`gfghl^i`g
gfchmffch^\m
gf^fchc]gmffch^\m

cod^hgifcokc]g

A><B>D=<H@PM=GBI><I>O=<IAI><RMG<>AERBED=<GBI><>GAIG<>
D=<H@UVBT>?@<Q>IA=M<>AEDVB><>=A<Q>HMOA=AEU<>AED=A>AIIAI>HBMI>
ld^`d\`gifnfd^`d\`gf!_]^a_\]gf\hlk^f\_]\bcfhcfctgflciic]cf
^fcbcoc]cmfnfd^`d\`gf^dj^b`gfghl^i`gf\_]\bcfhcfctgf
J<II<H<>?@A>W@<=H<>=AQ<UVB>RBG>B>DAGJB><D@<QX>AEHB><IIMGL
gfchmffch^\f^f_gfchgfhc\im
gf^fchc]gmffch^\f^fc\_]cfchgmf
.66!.X6%
MEHMR<>@G<><UVB>J<II<H<>A>DA=GME<H<T><EDA=MB=><>B@D=<T>
`chohflciic]cmf^fbg_cfgfp^dogf530>EB>2qu9|uws
y qq|uwfxfgf2ru|{|wswsqws|x{|rtX
&KZ>5rrsrt|w>RBE>AQQBIX>cp\c3`\_cfic]gfbghf
^k^im
%/+0/1
cocfcokc]g
cocifcokc]g
cocfcokc]g
cochgifcokc]g
coc\ifcokc]g
coc_fcokc]g

6!.X6!"6!
!_]\bcfhfjc`gfj`dgfcbcoc]gfc_`^d\gdfcfg`dgf`chohf
j`dgmf^fbg_cfgfp^dogf530>EB>}u}wfxfgf2ru|{|wsws
qws|x{|rtX

)&( &1
./1)'1
cocf`^h\]g
cocflcd`\]g
cocif`^h\]g
cociflcd`\]g
cocf`^h\]g
cocflcd`\]g
cochgif`^h\]g cochgiflcd`\]g
coc\if`^h\]g
coc\iflcd`\]g
coc_f`^h\]g
coc_flcd`\]g

.66!/6
^ficfh\`gflgbgf_cfk_cf^ibd\`cfgfjckc]cmf2^_g`cf
@G<><UVB>J<II<H<><EDA=MB=T>G<I>MGAHM<D<>EB>DAGJBX>YIDA>DAGJB>
jg\f ioi`\`]gf l^kgf ld^`d\`gf \_]^a_\]gf gf l^kgf ld^`d\`gf
lkibchl^dj^b`gf^hfci^f`g]gifgifigimfmf4l^_cifogf
chc_^b\]gfi^fj^mff4l^_cifchc_^b^fi^fjg\
>
%/+0/1
)&( &1
./1)'1
o^fcokc]g
o^f`^h\]g
o^flcd`\]g
o\i`^fcokc]g
o\i`^f`^h\]g
o\i`^flcd`\]g
ogfcokc]g
ogf`^h\]g
ogflcd`\]g
o\hgifcokc]g o\hgif`^h\]g
o\hgiflcd`\]g
o\i`^\ifcokc]g o\i`^\if`^h\]g o\i`^\iflcd`\]g
o\^dg_fcokc]g o\^dg_f`^h\]g o\^dg_flcd`\]g


cod\ifcokc]g
code_fcokc]g

)&( &1
codf`^h\]g
codeif`^h\]g
codef`^h\]g
cod^hgif
DAGMHB
cod\if`^h\]g
code_f`^h\]g

./1)'1
codflcd`\]g
codeiflcd`\]g
codeflcd`\]g
cod^hgiflcd`\]g
cod\iflcd`\]g
code_flcd`\]g

"!"6
MEHMR<>@G<><UVB>O@D@=<><>=AIJAMDB>HA>@G>GBGAEDB>HB>J<II<HBT>
hcifc_`^d\gdfcfg`dgfhgh^_`gf^fclcd^b^f_cfgdctgmfmf ^f]\gf
?@A>R@<EHB>B>QQAW<=<><>R<I<T><>F<C=cf^_p\c]gf^kflc^`^fcfctgf
codcf^_p\c]gffj`dgfbghfd^kctgfcf]\gfhcifc_`^d\gdfcfkk^cdc
g]^f\_]\bcdf`chohfilgi\tgfgfldgock\]c]^f_gflcic]gmf
YSXL>YE><?@AQ>DMAGJBT>kf<>F<C=cfbhlk\]gf`d^\_`cfcgimffc^k^f
`^hlgf^k^fefcp^d\cfbghlk^`c]gf`d\_`cfcgi
%/+0/1
)&( &1
./1)'1
codcfcokc]g
codcf`^h\]g
codcflcd`\]g
codcifcokc]g
codcif`^h\]g
codciflcd`\]g
codcfcokc]g
codcf`^h\]g
codcflcd`\]g
codchgifcokc]g codchgif`^h\]g codchgiflcd`\]g
codc\ifcokc]g
codc\if`^h\]g
codc\iflcd`\]g
codc_fcokc]g
codc_f`^h\]g
codc_flcd`\]g
( !*K6!!.6
!
%/+0/1
)&( &1
DAG<
F<CQA>
DAG<I
F<CQAI>
DAG<
F<CQA>
F<CQAGBI> DAG<GBI
`^he\i
cok\if
DAG<E>
F<CQAE>

./1)'1
J<=D<
J<=D<I
J<=D<
J<=D<GBI
lcd`e\i
J<=D<E>

4if\dd^kcd\]c]^if_gfd^i^_`^f]gf g]gfo_`\pgfigfcif
h^ihcifefcld^i^_`c]cif_gfd^i^_`^f]gf g]gf!_]\bc`\pgm
.66!'X6!
!_]\bcfhcfctgf\lg``\bcf^flg]^fgf_gfgbgdd^dm
&Kf\f\i\^dcfcbghlccd`^fci`cf c]d\]fp\ccdcmff^f
\i^ii^f`^fcbghlc_cdfc`f c]d\]fp\ccd\cm


%/+0/1
F<CQ<=<>
F<CQ<=<I>
F<CQ<=<>
cokedchgif
F<CQ<=<MI>
F<CQ<=<E>
7!#1( /

)&( &1
DAGMA=<
DAGMA=<I
DAGMA=<
`^h\dchgi
DAGMA=<MI
AGMA=<Es

%/+0/1
F<CQ<IA>
F<CQ<IAI>
F<CQ<IA>
cokei^hgif
F<CQ<IAMI>
F<CQ<IAE>

swy r>

./1)'1
J<=DMA=<>
J<=DMA=<I>
J<=DMA=<>
lcd`\dchgif
J<=DMA=<MI>
J<=DMA=<Es

)&( &1
DAGMAIA
DAGMAIAI
DAGMAIA
`^h\i^hgi
DAGMAIAMI
AGMAIAE>

%/+0/1
)&( &1
./1)'1
F@CMAIA>F<CQ<HB
F@CMAIA>DAGMHB
F@CMAIA>J<=DMHB
F@CMAIAI>F<CQ<HB
F@CMAIAI>DAGMHB
F@CMAIAI>J<=DMHB
F@CMAIA>F<CQ<HB
F@CMAIA>DAGMHB
F@CMAIA>J<=DMHB
o\i^hgifcokc]g o\i^hgif`^h\]g o\i^hgiflcd`\]g
F@CMAIAMI>F<CQ<HB F@CMAIAMI>DAGMHB F@CMAIAMI>J<=DMHB
F@CMAIAE>F<CQ<HB> F@CMAIAE>DAGMHBs F@CMAIAE>J<=DMHBs

./1)'1
J<=DMAIA>
J<=DMAIAI>
J<=DMAIA>
lcd`\i^hgif
J<=DMAIAMI>
J<=DMAIAEs

( !'6

.66!.X6!"6
!_]\bcfhfjc`gf]p\]gigf\lg``\bgf^flg]^f`^dfi^fd^ck\c]gf
_gflciic]gmf2^i^gf]^f^fckgfef`^_cfgbgdd\]gmf^fbg_cfgf
KA=CB>530>EB>2qqxuqsws1}}xu|wfxfgf2ru|{|wsws
qws|x{|rtX
&KZ>
^f`frzrsqqrwsoci`c_`^mf^f`f`^_cif^il^dc]gf
oci`c_`^m
YIJA=B>?@A>AQQBI>rzrxsttqrws`^hldc_gmfil^dgf^f
^k^if`^_chfb^c]gfb^]gm
%/+0/1
F<<>F<CQ<HB
F<<I>F<CQ<HB
F<<>F<CQ<HB
F<<GBI>F<CQ<HB
ce\ifcokc]g
F<<E>F<CQ<HB>

)&( &1
F<<>DAGMHB
F<<I>DAGMHB
F<<>DAGMHB
F<<GBI>DAGMHB
ce\if`^h\]g
F<<E>DAGMHB>

!_]\bcf d]^_^if hc_]c`gif d^gif f ]^i^gimf nf hg]gf

MGJA=<DMKB>I>DAG>H@<I>OB=G<I>J=J=M<IL><>IAW@EH<>JAIIB<>HB>
i\_kcdf^fcfi^_]cfl^iigcf]gflkdckf^hfcadhc`\pgmf4ifg`dcif
l^iigcif^hfcadhc`\pgfgf^hf_^c`\pgfi^fbg_chf_gfd^i^_`^f
]gfo_`\pgm
7<BD@58=|GBD@58%

Q>
BIBD=BI
]BIBD=BI
YQQBI>

%/+0/1
F<CQ<>
F<CQA>
F<CQAGBI>
F<CQ<H>
F<CQAE>

)&( &1
DAGA
DAG<
DAG<GBI
DAGAH
DAG<E>

./1)'1
J<=DA
J<=D<
J<=D<GBI
J<=DMH
;<=D<E>

'6!$L6%

./1)'1
F<<>J<=DMHB
F<<I>J<=DMHB
F<<>J<=DMHB
F<<GBI>J<=DMHB
ce\iflcd`\]g
F<<E>J<=DMHBs

if^kfld^i^_`^f]^fio_`\pgf^_fjgdhcf_^c`\pcm

.66!.X6%
^j^d^1i^fcfhflciic]gf^f_gfi^fd^ck\gm
&KZ>M>}|qrsuqx|wf`\^hlgfcodcfick\]gmf^f
gp^ii^f`\]gf`^hlgfcp^d\cfic]gm

kf3fi`^]
BIBD=BI
]BIBD=BI
kkgif3fi`^]^if

>>>>>>
2^b\df
cb^df
M=>
;BEA=>
<QM=>
A=>
AEA=>
]AEM=>

swy r>
%/+0/1
)&( &1
./1)'1
F@CMA=<>J<=DMHB
F@CMA=<>F<CQ<HB
F@CMA=<>DAGMHB
F@CMA=<I>F<CQ<HB
F@CMA=<I>DAGMHB
F@CMA=<I>J<=DMHB
F@CMA=<>F<CQ<HB
F@CMA=<>DAGMHB
F@CMA=<>J<=DMHB
o\dchgifcokc]g o\dchgif`^h\]g o\dchgiflcd`\]g
F@CMA=<MI>F<CQ<HB F@CMA=<MI>DAGMHB F@CMA=<MI>J<=DMHB
F@CMA=<E>F<CQ<HB F@CMA=<E>DAGMHB
F@CMA=<E>J<=DMHB


%/+0/1
)&( &1
./1)'1
B>F<CQAI
B>DAG<I
B>J<=D<I
B>F<CQA
B>DAG<
B>J<=D<
B>F<CQAGBI B>DAG<GBI B>J<=D<GBI
gfcok\i
gf`^he\i
gflcd`e\i
B>F<CQAE
B>DAG<E
B>J<=D<E>

s|x}trssw
2\
c
]A
;BE
<Q

AE
]AE

sst}rtsswwuw
2^b\]
cb^]
MH
;BEAH
<QMH
AH
AEAH
]AEMH


swy tqurstrsrqs}rxwsqts|y qru|wsxqru|w0
cfWcp\^dfcfkgif_\gimf]^il^d`cd
of\gfflcdcfhcc_cfkgf^fl^]^ifcb^dfgmf]^cd
bfd^i\]^_`^ff]^fkgifchod\^_`gimfkkgifkgfc_f^k^\]gmf
gkp\]cdi^
]fch_ffkcf`^k^fcgdcmfi`chgif^i`]\c_]gmflg_^d
^f\giff`cd]^mfkk^cd
jf^gdcffkcfocidcf^_f^kfbil^]mf^bcd
f^gdciffi^gd^iffi\fpc_fcfbg_]b\dmfo^o^df

&KZ%
'6
|GBD@58
$L6
4ws|rstrsqr
|strsqr
w
4ws|rstrsqr
2\cfkcfp^d]c]
tss}uq
4wwuw |ry wstrsqr 4ws|ry wstrsp^d]c]f
gf]\e\ifkcfp^d]c]
q{|strsqr
wwuw
0ttwss}uqqs |rxstrsqrs 4ws|rxstrsqrs

6&*)&*

16Z

swy tqurstrsrqs}rxwsqtsqqxuqsqs|x|{ru|w0
cf f^kfbcjf^_fkcfbgb\_cmfld^lcdcd
ofkflgdf c]d\]fcfl\^mflci^cd
bfgig`dgifkcfk^bb\_mf^i`]\cd
]fkfldgj^igdfckfckh_gmfbg_`^i`cd
^fgig`dgif^_f^kfd^i`cdc_`^mfbgh^df
jfgifb\bgif]\i^gif^_fkcf`^k^p\i\_mfci\i`\d
fgfgflgdfkcf`cd]^mflcd`\df

>
<N>J=AJ<=<I>>>>>
CN>J<IA<>>>>
b1f^i`]\e\iffff
HN>RBEDAID<>>>>
ANRBGAGBI>
ON><IMIDAE>>>>
WN>J<=DB

abPi fkdgUbkUeboUedebeUTmPbdkbfodgoSgPbSTmdQTSmP
cfkkcf_fbgb^f_^pgmfbghldcd
of fhfo\^_mfbc_`cdf
bfgig`dgiflcf^_f^kfh_]gmf]^i^cd
]fQ]^kf]\_^dgf]^fiflc]d^mf]^l^_]^d
^fgifbg_]b`gd^iflgdfkcfbcdd^`^dcmfbgdd^d
jfkkgifiifd^ckgimfcod\df
fcf\i`gd\cfh\fbgdc_mflcd`\dff

>
<N>RBGJ=>>>>>>
CN>R<ED<IDA>>>>
RN>HAIA<GBI>>>>
HN>HAJAEHM>>>
ANRB==MA=BE>>>>>>
ON><C=MA=BE>>>>>>>
WN>J<=DM

swy tqurstrsrqs}rxwsqts}u}ws|y tq0

cf cc_cf^_fbcicf]^fh\ifi^dgimf^i`cdf
of^l^fckfl\igf\_j^d\gdmfoccd
bfgig`dgiflgdf`^kjg_gfckf]\d^b`gdmfkkchcd
]fkkgif^kfl^d\]\bgf]^fkcfhcc_cmfk^^d
^fgfhbgfp\_gfokc_bgmfo^o^d
jfvi`^]^ifcfbcicf]^fiifch\gimf\d
f f_cfbcicf^_fkcfb\]c]mfc]\d\df

>
c1f^i`cdffff
o1foccdeffff
RN>QQ<G<IDAMI>>>>
]1fk^^de_ffff
^1fo^o^d
j1f\de_ffff
1fc]\d\dei

swy tqurstrsrqs}rxwsqtsqqxuqsqs}}xu|wL
cfgfbd^gf^fWk\e_fh^f^i`cf`cd]^mfkkchcd
of\efkcfbcicflcdcf^igifi^gd^imf`1fp^_]^d
bfnckef^kf^j^fh^fick\dfheif`^hldc_gmfl^dh\`\d
]fifo^_gf^f^kfl\igf^i`^fh^imfpgig`dgi1ck\kcd
^fgf^ifi^dgf^fcf\icmf_gig`dgi1p\i\`cd
jfgi\ok^h^_`^fhcc_cflgdfkcfhcc_cmfg1fp\ccd
f\^dgf^f^kfd^bc]gmf`1c_g`cd
abPi fkdgUbkUeboUedebeUTmPbdkbSi fdoUgShPbUQoi UgShP
cf cdcffkcfp^_`c_cflgdfjcpgdmfb^ddcdf
of\gifffkgif^^db\b\gifkgfheifldg_`gflgi\ok^mfcb^d
bf^gdcff^i`cfabcfbg_fiif]c`giff^_i^\]c
kcf`cicf]^f\_ibd\lb\_f^_f^kf`^db^dfl\igmfd^kk^_cd1flccdf
]fghod^ff_flgbgf]^fd^jd^ibgmfo^o^d
^f^gdciffi^gd^iffbg_fc`^_b\_fkgif]^`ckk^if]^f^i`cf
bc`^]dckmfgoi^dpcd
jfcd\gffbg_h\gmf^]cdi^
f4h\gif^i`cfa^i`cfkcf\b^flcdcfpgig`dgimfbgh^dff
o^o^dfffoc\kcdf^igf^ifkgf_\bgf^f`^_\if^fcb^dm


>
<N>QQ<GA>>>>
CN>KAEH<I>>>>
RN>JA=GMD<>>>>
]1fck\k\ifffff
AN>KMIMDAGBI
j1fp\c^ffff
WN<EBDAI
>
<N>RMA==<>>>>
o1fcb^]3cc_ffff
b1fd^kk^_^3lc^fffff
HN>CACA>>>>
AN>BCIA=KAE>>>>
j1f]c`^fffff
1fbgh^]3o^o^]3oc\kc]


s0t|qstrsw{|~xs}qs{wy tqursqts|twwsrq{}rry qxuq0
4mf \fhcd\]gffgff^_fcf co^d_cf`g]gifkgif
]gh\_gimff`T>HEHA>
mff^_fcicf^d]^fh^f^_bc_`cf^i^fd^i`cdc_`^m
cfckh^dchgifckh^dcif4kh^dgm
ofckh^dchgifckhgdcif4khgdgm
bfckhgdchgifckh^dcif4kh^dgm
]fckhgdchgifckh^dcif4kh^dgm

s
<N>EB>HAIJMA=DAI>>>>>
o1f_gf]^^iffff
RN>EB>IA>BQKMHA>>>>>
HN>EB>JBEW<I
^1f_gfkk^\i3kk^^_fffff
ON>EB>ARFA>>>>>
WN>EB>CAC<E
7wsqq{|{|ws|}|qxuqsr{qxsruqsqstrs}qrsqstws
{wx{}wst|{w0
s7rswy rs!!zs!!wxs
qq{u|ry qxuqsqstwsu|qy ws{wy }quws}qs|}qx0
cfld^`d\`gfl^dj^b`gf]^f\_]\bc`\pgfflg`^_b\ckfl^dj^b`gm
ofld^`d\`gflkibchl^dj^b`gf]^f\_]\bc`\pgffld^`d\`gf
l^dj^b`gf]^fio_`\pgm
bfld^`d\`gflkibchl^dj^b`gf]^f\_]\bc`\pgffld^`d\`gfl^dj^b`gf
HA>MEHMR<DMKBX
]fld^`d\`gfc_`^d\gdffld^`d\`gflkibchl^dj^b`gf]^f\_]\bc`\pgm
s0tsqwsq{|s{wx}rwsqxs}u}ws|y qq{uwsqs
}}xu|wsqxstrsuq{qrsqwxrsqtst}rtsq0
cf]\^dc_m
of]\^d^_m
bf]\dm
]fcodf]\bgm
s7rsqvq|~xsqsq{|s}qqsqs{ry |rrsws{}rts
q}|rtqxuq0
cfckfld\_b\l\gm
of^i`gf^im
bf^_fld\h^dfkcdm
]fcfl^icdf]^m
s7rsrtrrs{q{rxrsquqs{wxqqws}qrqsrtrs
swx0
cf4]^`\pgf4]p^do\gfi`c_`\pgf^dogf^dogm
of4]^`\pgfdg_ghod^fi`c_`\pgf^dogf^dogm
bf4]p^do\gfdg_ghod^fi`c_`\pgf4]^`\pgf^dogm
]f4]^`\pgfdg_ghod^f^dogf^dogf^dogm
s0t|qstrsw{|~xs{wq{ursrrs{wy tqurstrsrq0
%%+).2+/-%).*.2/.*%2.,.%&%0.)2&),.%,&%+%
/&1))
%&)&*-%%0.(/+/%/.*
%%&2&/-%2%2.,.%&%,)&/.%&)%&%.*.
%0.*-%%(&/**2/%&)%1&*2/.*%&*21,.*
cfc_g`chgif3fbghldcif3fh^`^]f3fl^di\i`cm
ofc_g`^hgif3fbghld^_f3fh^`^f3fl^di\i`\]m
bfc_g`^_f3fbghldc]f3fh^`c_f3fl^di\i`^m
]fc_g`c]f3fbghld^f3fh^`^df3fl^di\i`c_m
s r}qstrsrtuqxru|rsqxs}qsuwwstwsqwsqu9xsqxs
qu9|uwszsqxstrsy |y rsqwxr0
cfcb^f_f`^_]df_f\_`^_`m
ofd^b\of_f^fl^i`gf_f\igm
bfcb^f_f^fp^_\]gf_fligm
]fd^b\of_p\_^_fl^_im
3

Ns r{rstrsrtuqxru|rsqxs}qsqtsqws}qsqtsy |y wsu|ws

qs|q}tr|rs}qsqtsqwswxqs}w0
cf!dm
of^dm
bf^d^dm
]fck\dm
Os0t|qstrsq}qurs{wq{ur0
$%1+)2.-%&%1*2+/+%&)0.)2/+/%0.)2.%%0.)% +)..-%
,),&%
%%&)%&%&)2/.%.&/0+
cf^i`chgif_fi`e\im
of^i`e\if_fi`chgim
bf^if_fi`gm
]f^d^if_fi`e_m
s}tsrtuqxru|rsqus|x{wq{ursqxs{}rxuwsrstrs
{wx}r{|~xsqtsqws
cf cdcffgfp\p\hgif^_filccfcb^fhbgf`\^hlgm
of]cd]gfcf_gfp\p^fbghgf_fd^m
bfgifdc_]^if^ibd\`gd^ifp\p^_flcdcfi\^hld^flgdfiifgodcim
]fgdff4_cff`fp\p\ifcodd\]ci
16Zs1bf3f1of3f1of3f1of3f1of3f1]f3f1bf3f1bf3f1of3f
1]
>346w301

01234567468091
  8

 !"#$%&#%'( )*+,'-.
CHGKDH|MZHAIGKAMKCDFMGDMFKMK{LCMDFMKAMKMVBHCLKYHAG]IKDIK

BHDPHLBMDFMS
s CDAItEKTxIFIKWHLLMGJKs CDAItEK I|CMK HMGJKs CDAItEK
HCLKMKs CDAItE
OHLMDAHGK[IGHBKEP~EFCFPAIEKYMLHEKEPHEKGMEYM{FC|HEK{IDFGHYHGFMEK
AIKs CDAItEKC|MJK{IBKHKYMGAHKAMKHLZPBHEK[PD{CIDHLCAHAMES
rKs CDAItEKuJKHEECBK{IBIKIKs CDAItEKCEFHJKMEFHG}KACEYID|MLK
MBK{CD{IKAC[MGMDFMEKMAC\MEJKYIGBKHYMDHEKIKIBMKTGMBCPBJK
TGI[MEECIDHLKMKLFCBHFMKEMG]IK|MDACAIEKDHKBHCIGCHKAIEKYHEMEJK
GMEFHDAIKIPFGHEKAPHEKMAC\MEKPMKEMK{ID{MDFGHBKMBKIPFGIEK
BMG{HAIEJK{IBIKBMG{HAIEKAMKMBYGMEHEKIPKEUKYHGHKYHEMEKMBK
AMEMD|IL|CBMDFISKOHAHKMAC\]IKCD{LPCKGM{PGEIEKMKLCBCFH\MEJKEMDAIK
PMKEUKIKLFCBHFMKD]IKFMBKLCBCFH\MEKAMKPEISKNMZPDAIKHK C{GIEI[FJK
IEKGM{PGEIEKYHGHKFIAHEKHEKMAC\MEKAIKs CDAItEKuKE]IKHGBHMDHAHEK
DIK{IBYPFHAIGS
BKAIEKYGCD{CYHCEKI~wMFC|IEKAHK C{GIEI[FK{IBKMEFMKDI|IK
s CDAItEKKYGIYIG{CIDHGKPBHKBMLxIGKCDFMGH\]IKMKCDFMZGH\]IKAIK
ECEFMBHK{IBKIKPEP}GCIJKFMDAIKPBHKBHCIGKIFCBCH\]IKAIEKGM{PGEIEKAIK
s CDAItEKuJK{IBIKBHCIGKHPFIDIBCHKMKBMDIGK{IDEPBIKAMKMDMGZCHJK

CDFMGHZCGK{IBK{LCMDFMEKMK[HBCLCHGMEK{IBK[H{CLCAHAMJKECD{GIDCHDAIKMK
{IBYHGFCLxHDAIK[H{CLBMDFMKHGPC|IEKMKACGMFUGCIES

^_`abacde f`ghdifjbgkfl`
m bkngm a`oppq
rKs CDAItEKuK[ICKLHD\HAIKYHGHKMBYGMEHEKDIKACHKvvKAMKwPLxIKAMK
vyyzJKMK{IBM\IPKHKEMGK|MDACAIKLC|GMBMDFMKYHGHKPEP}GCIEK{IBPDEK
ACHKvvKAMKIPFP~GIKAMKvyyzS
C[MGMDFMKAIKs CDAItEKCEFHJKPMKCDFGIAPCPKBPCFHEKDI|CAHAMEJK
IKs CDAItEKuKKPBHKHFPHLCH\]IKBHCEKBIAMEFHKMKACGM{CIDHAHKYHGHKHK
LCDxHKs CDAItEJKFMBKHKCDFMD\]IKAMKFIGD}VLIKFIFHLBMDFMK{IBYHF|MLK
{IBKHYLC{H\MEKMKxHGAtHGMEK{IBKIEKPHCEKIKs CDAItEKCEFHKw}KMGHK
{IBYHF|MLS
@YGMEMDFH\MEKAHAHEKYMLHK{IBYHDxCHKDIK{IBM\IKAMKvyyK
BIEFGHGHBKPMKIKs CDAItEKuKHYGMEMDFHKHLZPBHEK|HGCH\MEK{IBIK
PBHK~HGGHKAMKFHGM[HEKAC[MGMDFMJKPBKECEFMBHKAMKDMFtIGK{xHBHAHK
AMKIBMWGIPYJKMKHPBMDFIKDHKYMG[IGBHD{MS

EPYIGFMKYHGH
FMLHEKFIP{xKE{GMMDKMKBPLFCVF}{FCLKBPLFCVFIP{x
KRDFMGDMFKXYLIGMGK
KI|IKBMDPKRDC{CHG
KI|HK~HGGHKAMK[MGGHBMDFHEKFIFHLBMDFMKGM[IGBPLHAH
KOIBHDAIKAMK|IKCDZLE
KWHAZMFEKEI~GMKIKAMEFIY
KI|IEKYHYCEKAMKYHGMAMJK{IDMEJKFMBHEKMF{S
KOID{MCFIKAMKC~LCIFM{HEKC~GHGCMEJK{IBIKDIKs CDAItEK
MACHKTLHMGJ
CDFMZGHAIKHIKs CDAItEKXYLIGMG
K@GPCFMFPGHKBIAPLHGJK{IBIKDIKs CDAItEKNMG|MGKvyy
KHCHEKGC~~IDEKDIEKYGIZGHBHEKCD{LPAIEK{IBKIKs CDAItEK
THCDFKM

K@{MLMGHAIGMEKDIKRDFMGDMFKXYLIGMGK
K@YMG[MC\IHBMDFIKDIKPEIKAHKYLH{HKAMK|AMIKMKBMBUGCHK@
KIBMKWGIPYE
K MLxIGKAMEMBYMDxI
Ks CDAItEK MACHKTLHMGKv
KI|HK|MGE]IKAIKs CDAItEK MACHKOMDFMG
KWMGMD{CHAIGKAMKOGMAMD{CHCE
KRDEFHLH\]IKAIKECEFMBHKMBKE
KI|HKOHL{PLHAIGHJK{IBKCDFMG[H{MKHYGCBIGHAHKMK{IBKBHCEK
[PD\ME
KMMAC\]IKAMKHDFCZIEKwIZIEJK{IBIKXEYHAHEKRDFMGDMFJKWHB]IK
RDFMGDMFKM
RDFMGDMFKHBHE
Ks CDAItEKTK IAM
K@MGIKNxHM
@YMEHGKAIKs CDAItEKuK{IDFMGKBPCFIEKDI|IEKGM{PGEIEKIKDBMGIK
AMK{HYH{CAHAMEKMK{MGFIEKYGIZGHBHEKPMK[HCHBKYHGFMKAIKs CDAItEK
CEFHKD]IKMEF]IKBHCEKYGMEMDFMEKIPKBPAHGHBJKGMEPLFHDAIKDHKGMBI\]IK
AMK{MGFHEK[PD{CIDHLCAHAMESK MEBIKHEECBJKAM|CAIKHIK[HFIKAMKHCDAHK
EMGKPBKECEFMBHKIYMGH{CIDHLKMBKAMEMD|IL|CBMDFIJKDMBKFIAIEKIEK

1 4049:164667:=76
rKs CDAItEKuKFMBKFGEKMAC\MEKAC[MGMDFMEKAMKPBKBMEBIK
ECEFMBHKIYMGH{CIDHLJKPMKEMKHAPHBKHEKDM{MEECAHAMEKAC}GCHEKAMK
{HAHKPEP}GCIKMEEHEKMAC\MEKE]IKIKIBMKTGMBCPBJKIKTGI[MEECIDHLK
MKLFCBHFMS
XEEHEKMAC\MEKHYGMEMDFHBK|HGCH\MEKAMKPBHKYHGHKIPFGHJK{IBIK
IKIBMKTGMBCPBJKPMKKPBHKMAC\]IK~}EC{HJKBHEKAMKZGHDAMKPEIK
YHGHKPEP}GCIEKPMKD]IKHYGMEMDFHBKZGHDAMEKDM{MEECAHAMES
rEKEMPEKGM{PGEIEKE]IKHK[H{CLCAHAMKYHGHKEPHEKHFC|CAHAMEKAC}GCHEK
{IBKHKDI|HKDH|MZH\]IKDHK}GMHKAMKFGH~HLxIJKIKPEP}GCIKYIAMKH~GCGK
IEKYGIZGHBHEKBHCEKG}YCAHKMK[H{CLBMDFMKMKMD{IDFGHGKIEKAI{PBMDFIEK
PMKBHCEKPEHKMBKCDEFHDFMES
QIGDHGKEPHKMYMGCD{CHKDHKs M~KBHCEKG}YCAHJK[}{CLKMKEMZPGHKAIK
PMKDPD{HK{IBKIKRDFMGDMFKXYLIGMGKJKHEECEFCGKHKBPCFIEKAIEKEMPEK
YGIZGHBHEKAMKQK[H|IGCFIEKAMKZGH\HKMKIDAMKPCEMGJK{IBKHKQKDHK
RDFMGDMFKMK{GCHGK[H{CLBMDFMKPBHKGMAMKAIBEFC{HKMK{IDM{FHGKEMPEK
{IBYPFHAIGMEKHKPBHKCBYGMEEIGHK{IBKIKWGPYIKIBEFC{IS
}KIKTGI[MEECIDHLKHYGMEMDFHKFIAIEKMEEMEKGM{PGEIEKHAC{CIDHAIEK
AMKIPFGIEKPMKIKAMCHBKBHCEK{IBYLMFIK{IBIKIKPEP}GCIKYIAMK
MM{PFHGK|}GCIEKYGIZGHBHEKAMKYGIAPFC|CAHAMKAIKs CDAItEKTKDIK
IAIKs CDAItEKTJK{IDM{FHGVEMKHKGMAMEK{IGYIGHFC|HEK[H{CLBMDFMKMK
{IBKBHCEKEMZPGHD\HK{IBKIKRDZGMEEIKDIKIBDCIKMKHLBKAIKH{PYK
MKMEFHPGH\]IKAMKFIAIKIKECEFMBHKMD{IDFGHAIKMBKFIAHEKHEKMAC\MEJK
KYIEE|MLK[HMGK~H{PYKMBKPBHKGMAMKAIBEFC{HKIPK{IGYIGHFC|HS
rKLFCBHFMKFHB~BKHYGMEMDFHKFIAIEKMEEMEKGM{PGEIEKH{GME{CAIEK
AMKIPFGIEKPMKFIGDHBKEPHK[PD{CIDHLCAHAMK{IBYLMFHK{IBKFIAIEKIEK
GM{PGEIEKACEYID|MCEKDMEEHK|MGE]IKAIKECEFMBHKIYMGH{CIDHLK{IBIK
HwPAHKYHGHKYGIFMZMGKIEKAHAIEKAIKEMPK{IBYPFHAIGKMKAMKACEYIECFC|IEK
AMKHGBHMDHBMDFIKYIGF}FMCEK{IDFGHKYMGAHKIPKGIP~IK{IBKIK
CFI{MGKMKYIAMGKFGH~HLxHGKDIKCACIBHKAMKEPHKME{ILxHKIPKHLFMGDHGK
MDFGMKKCACIBHES



=6?46:76?4516

7<0616
NMZPDAIKIKECFMKAHKYGUYGCHK C{GIEI[FJKIEKGM{PGEIEKMD{IDFGHAIEK
DIKs CDAItEKuKE]IK[GPFIKAHEKDI|HEKDM{MEECAHAMEKMD{IDFGHAHEKYMLIEK
PEP}GCIESK PCFIEK|BKAMKEMPKHDFM{MEEIGJKs CDAItEKCEFHJKBHEK
MCEFMBKDI|HEK[PD{CIDHLCAHAMEKM{LPEC|HEJK[MCFHEKYHGHK[H{CLCFHGKHK
PFCLCH\]IKMKBMLxIGHGKIKAMEMBYMDxIKAIKNrKNCEFMBHKrYMGH{CIDHLK
DIK{IBYPFHAIGS
HLMKDIFHGKPMJKEMK|I{KFMBK{IDxM{CBMDFIEKMBKIPFGHEK|MGEMEK
AIKs CDAItEJKD]IKFMG}KPMKwIZHGKFIAIKIK{IDxM{CBMDFIK[IGHSK@YMDHEK
|HCKEMKHAHYFHGKHIEKDI|IEK{HBCDxIEKMKHYGMDAMGKDI|IEKFGPPMEK
MDPHDFIKCEEIS

I|CAHAMKAMEFHKDI|HK|MGE]IJKHZIGHK|I{KYIAMKH~GCGKACGMFHBMDFMK
PBKHGPC|IKGM{MDFMJKEMBKDMBKHIKBMDIEKH~GCGKIKYGIZGHBHKPMK|I{K
PFCLCIPSKCZHBIEKPMK|I{KMEFH|HKMACFHDAIKPBKGMLHFUGCIKMBKEMPK
MACFIGKAMKFMFIKMKYGM{CEIPK[M{x}VLIKYIGKHLZPBKBIFC|ISK PHDAIK
PCEMGK|ILFHGKHKFGH~HLxHGKDMLMJK~HEFHK{LC{HGK{IBKIK~IF]IKACGMCFIKEI~K
IK{IDMKAIKMACFIGKMKIKHGPC|IKMEFHG}KMDFGMKIEKGM{MDFMES
@IKCD|EKAMKFMGKPMKH~GCGKIKMACFIGKMKEIBMDFMKAMYICEKEMKYGMI{PYHGK
MBKYGI{PGHGKIKHGPC|IJK|I{KYPLHKPBHKMFHYHKMK|HCKACGMFHBMDFMKYHGHK
HKCD[IGBH\]IJKZHDxHDAIKFMBYIS

40724661?=:=4946
}K[HKFMBYIKPMKPFCLCHGKPBK{IBYPFHAIGKDIKACHKHKACHKEMKFIGDIPK
{IBPBSK]IKYGM{CEHBIEKBHCEKMEFHGKMBKHLZPBHKMBYGMEHKMDIGBMK
YHGHKYGM{CEHGKEMBYGMKAMKPBK{IBYPFHAIGKYMGFIKAMKDUESKrKs CDAItEK
uK|MBK{IBK[MGGHBMDFHEKMK[PD\MEKYHGHKFMKHwPAHGKMBKFHGM[HEK{IBPDEK
AIK{IFCACHDIS
0<1671 6?=1
@IKCD|EKAMKPBJKACZHBIEKPMK|I{KFMDxHKAICEKIPKBHCEK
{IBYPFHAIGMEKMBKEPHK{HEHSKTMGBCFCGKHK{IBPDC{H\]IKMDFGMK|}GCHEK

B}PCDHKMEF}KYHGHKGM{PYMGHGKPBHK[IFIKACZCFHLKHGBHMDHAHKHYMDHEK
DMLMS

MKEMZPGHSKI{KAM{CAMKIKPMK{IBYHGFCLxHGKMKPHLKIEKYGC|CLZCIEKPMK
IEKIPFGIEKFMG]IKHIKH{MEEHGKHKCD[IGBH\]IJKEMKKHYMDHEKAMK|CEPHLCH\]IJK
AMKMAC\]IKMKMF{S

71496555

75466796756416?1><7


NMKHKMAC\]IKAMKPBKAMFMGBCDHAIKAI{PBMDFIKK{IDEFHDFMJK|HLMKHK
YMDHKAMC}VLIKMDFGMKIEK[H|IGCFIEJK|CEFIKPMKHKLCEFHKAMKGM{MDFMEKEMK


rKs CDAItEKuKMEF}KYGMYHGHAIKYHGHKHKFM{DILIZCHKEMDE|MLKHIK
FIPMK{IBKIY\]IKHKBPLFCFIPMJKGM{PGEIKAC[PDACAIKYMLIKCTxIDMS
rKGM{PGEIKBPLFCFIPMKYMG{M~MKIKFIPMKMBKAC|MGEIEKYIDFIEKAHK
FMLHKHIKBMEBIKFMBYIJKHEECBKFIGDHDAIKYIEE|MLKACBMDECIDHGKPBHK
CBHZMBKHGGHEFHDAIKECBPLFHDMHBMDFMKAPHEKYIDFHEKAHKCBHZMBKDHK
FMLHS
rKQIP{xKTH{KYHGHKs CDAItEKuKKPBK{IDwPDFIKAMKHYLC{HFC|IEK
MKwIZIEKYHGHKFMLHEKEMDE|MCEKHIKFIPMSKrKNPG[H{MKOILLHZMKKPBK
HYLC{HFC|IKYHGHKIGZHDCHGKMKGMACBMDECIDHGK[IFIESKMLMKKYIEE|MLK
BIDFHGKELCAMKExItKAMK[IFIEKMK{GCHGKYHYMCEKAMKYHGMAMKYMGEIDHLCHAIESK
XEEHEK[PD\MEKD]IKE]IKDI|CAHAMEJKBHEKYIGKEMGMBK[MCFHEKYHGHKPEHGK
PBHKFMLHKEMDE|MLKHKBLFCYLIEKFIPMEKHEKFIGDHBKDI|CAHAMES

594
@IKEMKPFCLCHGKIKs CDAItEKYIGKBPCFIKFMBYIJKK{IBPBK|MGK
|}GCHEKwHDMLHEKH~MGFHEKYMLIKEMPKBIDCFIGSKOIBKIKGM{PGEIKAMKNDHYJK
|I{KYIAMKYIEC{CID}VLHEKAMKPBKwMCFIKYG}FC{IKMKAC|MGFCAISKHEFHK
HYMDHEK{LC{HGKMKHGGHEF}VLHEKYMLHEK~IGAHEKAHKFMLHKYHGHKI~FMGKAC[MGMDFMEK
YIEC{CIDHBMDFIES
rKNDHYKKFCLKFHDFIKYHGHKHKACEFGC~PC\]IK{IBIKYHGHKHK{IBYHGH\]IK
AMKwHDMLHESKTIGKMMBYLIJKwIZPMKPBHKYHGHKHKMEPMGAHKMKHKIPFGHKDHK

YMLHKFMLHJKYMGBCFCDAIKPMK|I{KHEK|MwHKHIKBMEBIKFMBYIS
 =9:1665740


BMDPKCDC{CHGJKBHEK[ICKBHDFCAHKMKBMLxIGHAHKHK~PE{HKMDPHDFIK|I{K
DH|MZHKYMLHEKYHEFHES
 79<6=9==40
@EKYMEPCEHEKHZIGHKYIAMBKEMGK[MCFHEKACGMFHBMDFMKAIKBMDPK
CDC{CHGSKKFCLKPHDAIK|I{KDM{MEECFHKYGI{PGHGJKYIGKMMBYLIJKYMLIK
HFHLxIKAMKCDC{CHLCH\]IKAMKHLZPBKYGIZGHBHKIPKHGPC|IKAMKBIAIK
G}YCAIS
C[MGMDFMKAMK~PE{HEK{IBKHEKFM{DILIZCHEKHDFMGCIGMEKAIK
s CDAItEKNMHG{xJKHKYMEPCEHKAIKBMDPKCD{CIKD]IKILxHKHYMDHEKHIEK
DIBMEKAMKYHEFHEKMKHGPC|IES

0112345616471
58619


@K~PE{HKD]IKEMKLCBCFHKHKACZCFH\]IKAMKYHLH|GHESKI{KYIAMK

{HD\MEKAIKZDMGIKI{SKXCEFMBKIPFGIEJK{IBIKAHFHJKFHBHDxIK
MKFCYISKMYMDAMDAIKAIKHGPC|IKPMK|I{KYGI{PGHJKYIAMBKMCEFCGK

RBHZCDMKPMKFIAIKHGPC|IKAMKFMFIKEMBKEMPK{IBYPFHAIGKYIEEPCK
PBKHPFIGSKNMK|I{KMEF}K~PE{HDAIKYIGKHGPC|IEKAMKFMFIJKYIAMKFMGKHK
+

OIDECAMGHVEMKIK{IDFMAIKAIKHGPC|IJKFHZEKMKYGIYGCMAHAMEK
FHB~BKCBKI{MKs CDAItEKuKC~LMJKYZKuuyS
rEKGMEPLFHAIEKE]IKBIEFGHAIEKMDPHDFIK|I{KACZCFHKMKE]IK
AC|CACAIEKMBK{HFMZIGCHEJKYHGHK[H{CLCFHGKEPHK|CEPHLCH\]IS
@~HCIKHEK{HFMZIGCHEKDHEKPHCEKIKGMEPLFHAIKAMKEPHK~PE{HKYIAMK
EMGKAC|CACAIS
KTGIZGHBHE
KTHCDMLKAMKOIDFGILM
KI{PBMDFIE
K EC{H
K@GPC|IE

19?01576:1664=6
]IKKPBHKFHGM[HK[}{CLKYGIFMZMGKIEKBHCEKDI|IEKAIKPMK
|CEPHLCHBKYIGKBMCIKAIK{IBYPFHAIGSKrKs CDAItEKuKHwPAHKHKLCBCFHGK
IKPMKYIAMKEMGK|CEPHLCHAIKIPKD]ISKTHGHKPMKMEEHK[PD{CIDHLCAHAMK

AMKHABCDCEFGHAIGJKYGIFMZCAHKYIGKEMDxHJKGMZCEFGHAHSK@LBKACEEIJKIK
PEP}GCIKPMKEMKAMEMwHKGMEFGCDZCGKAM|MKFMGKEPHKYGUYGCHK{IDFHS
@EKGMEFGC\MEK~}EC{HEKPMKIKNM|MDKACEYIDC~CLCH,
-./
IKTOKYIAMKEMGKPFCLCHAIS
KIZIE,KLIPMCHKIPKYMGBCFMKwIZHGJKEMK~HEMHDAIKYMLIKxIG}GCIK
+01+
w}K|MBK{IBKIKYGUYGCIKZHBMS
KLIPMHGKYGIZGHBHE,KKYIEE|MLKEMLM{CIDHGKPHCEKHYLC{HFC|IEK
MEF]IKHPFIGCHAIEKHKEMGMBKMM{PFHAIES
HMDAIKAItDLIHAKAMKHAAVID2EKKYIEE|MLKHPBMDFHGKHK
PHDFCAHAMKAMKGMEFGC\MEJK{IBIK{IDFGILHGKHEKY}ZCDHEKPMKE]IK
H{MEEHAHEJKMKHFKBMEBIKBHDFMGKPBKxCEFUGC{IKAHEKHFC|CAHAMEKIDLCDMK
AIKPEP}GCIS
79?0456:76476
@K{MDFGHLKAMKH\MEK{IDEILCAHKFIAHEKHEKBMDEHZMDEKAMKEMZPGHD\HK
+ 3+
CBYIGFHDFMKKAM|MKEMGKGMEIL|CAIKGHYCAHBMDFMKMKHBHGMLHEKFHGM[HEK
GM{IBMDAHAHES
rKYHCDMLKFHB~BKKFCLK{HEIK|I{KECDFHKHLZIKAMKMEFGHDxIKDIK
{IBYPFHAIGSKHEFHK{xM{HGKIKYHCDMLKMK|MGKEMKIKs CDAItEKAMFM{FIPK
HLZIKAMKMGGHAIS

4275951
5

 =9:1664851070
rKPMK|I{KMD{IDFGHKYMLIKBMDPKCDC{CHGKKPBHKYMPMDHKYHGFMK
AIKFIFHLKACEYID|MLS
HMDAIKHK~PE{HKYMLIKs CDAItEKXYLIGMGKKPMKKH{CIDHAIK
HPFIBHFC{HBMDFMKPHDAIK|I{KDH|MZHKYMLHEKYHEFHEKAIKEMPK
{IBYPFHAIGKK|I{KMD{IDFGHG}KPBHK~PE{HKBHCEKH~GHDZMDFMS
XBK|MGEMEKHDFMGCIGMEJK{IBIKDIKs CDAItEKTJKHDFMEKAMKEMK
[HMGKPBHK~PE{HKKDM{MEE}GCIKH~GCGKHK[MGGHBMDFHKAMK~PE{HSKIK
NM|MDJKYGM{CEHBIEKHYMDHEKACZCFHGKIEKFMGBIEKDHK{HCHKAMK~PE{HJKPMK

54!714"#$%&' 54!
(%"1372(()*

51445745


5740 @7
OLMHGKQYMKKPBHKFM{DILIZCHKPMK[HKHEK[IDFMEKYHGM{MGMBK
BHCEK{LHGHEKMKEPH|MEKDIKBIDCFIGSKKYHGFC{PLHGBMDFMKM[MFC|IKYHGHK
BIDCFIGMEKOJKBHEKFHB~BKFMBKHLZPBKM[MCFIKDIEKHDFCZIEK
BIAMLIEKOQBIDCFIGMEKAMKFP~ISKrKs CDAItEKuKA}KEPYIGFMKHK
MEFHKFM{DILIZCHKCBKI{MKs CDAItEKuKC~LMJKYZKAJKFGHAP\]IK
DIEEHS

VKIKEMPKwMCFI
rKHB~CMDFMKPMKDIEK{MG{HK[HKAC[MGMD\HJKFHDFIKYHGHKDIEEHK
PHLCAHAMKAMK|CAHKPHDFIKYHGHKIKAMEMBYMDxIKDIKFGH~HLxISKrK
{IBYPFHAIGKKPBHKMFMDE]IKAMEEMKHB~CMDFMSKrKs CDAItEKuKYMGBCFMK
PBHKHLFHKYMGEIDHLCH\]IKAMK{IDMEJK{IGMEKMKBPCFHEKIPFGHEKIY\MEJK
AMCHDAIKPBKHB~CMDFMKBHCEK{ID[IGF}|MLJKD]IKCBYIGFHKEMKPFCLCHAIK

PCFHEKIY\MEKYHGHKYMGEIDHLCHGKIKs CDAItEKuKMEF]IKDHKY}ZCDHK
AMKTMGEIDHLCH\]IJKPMKYIAMKEMGKH{MEEHAHKYIGKPBK{LCPMK{IBK
IK~IF]IKACGMCFIKDHK}GMHKAMKFGH~HLxIKMKMBKEMZPCAHKPBK{LCPMKMBK
TMGEIDHLCHGS
7
AMCHGKEMPK{IBYPFHAIGKBHCEKLMDFIJKMEYM{CHLBMDFMKM[MCFIEKAMK
FGHDEYHGD{CHSK@~HCIKMEF]IKHLZPBHEKAHEKIY\MEKAMKYMGEIDHLCH\]IK
BHCEKCDFMGMEEHDFMES

01466166=B=5=:4:76
rEKDI|IEKGM{PGEIEKAIKs CDAItEKNM|MDKH~GMBJKYIGKECKEUJKDI|HEK
+
IPFGIEKYIDFIESKTIGKMDPHDFIJKMEEHEKDI|CAHAMEK[IGHBKACGMFHBMDFMK
HYLC{HAHEKDIK{IBYPFHAIGKMBKPEIJKBHEKDIKNM|MDKYIAMBIEKFHB~BK
CDFMGHZCGK{IBKIPFGIEKACEYIECFC|IES

701:<C=067
TMGBCFCDAIK H{MEEHDAIK AMK IPFGIEK MPCYHBMDFIEK HK PBK
{IBYPFHAIGK{IBKIKs CDAItEKNM|MDJKKYIEE|MLKPMKMLMEKEMK
{IBPDCPMBKMKEMwHKYIEE|MLKFI{HGJKYIGKMMBYLIJKDPBKHYHGMLxIKAMK
EIBKHEKBEC{HEKPMK|I{KFMBKDIKKAMKEMPK{IBYPFHAIGS
KHYMDHEKDM{MEE}GCIKPMKIKHYHGMLxIKEMwHK{IBYHF|MLK{IBK
IKs CDAItEKNM|MDKKZMGHLBMDFMKCDAC{HAIK{IBKPBKLIZIFCYIK
OIBYHF|MLK{IBKIKs CDAItEKuS

/4=66:76/407:7
rEKYHYCEKAMKYHGMAMKD]IKE]IKFHBHDxHKDI|CAHAMJK|CGIPK
YGHFC{HBMDFMKPBHKGIFCDHKMDFGMKHEKYMEEIHEK{ILI{HGMBK[IFIEKAMK
8
9
:1;
HFKPBHKBIDFHDxHS
@KIPFGHKKHKYIEEC~CLCAHAMKAMK{GCHGKPBKELCAMKExItK{IBK|}GCHEK
3+
EPHK}GMHKAMKFGH~HLxIKMEF}KBHCEK|C|HS

52484
OIBKIKMYGIAPCGKMBKKYIEE|MLKLM|HGKIK{IDFMAIKAIK
{IBYPFHAIGKYHGHKIPFGIEKLPZHGMEKAHK{HEHSKNMKPCEMGKLM|HGKYHGHK[IGHK
AMLHJKPBHKIY\]IKKIKNFGMHBCDZKAMKBACHKGMBIFIS
OIBKMEFMKDI|IKGM{PGEIJKAICEK{IBYPFHAIGMEKGIAHDAIKs CDAItEK
uKYIAMBK{IBYHGFCLxHGKBEC{HEKHFGH|EKAIKs CDAItEK MACHKTLHMGK
vSKKDM{MEE}GCIKPMKHB~IEKMEFMwHBKHEEI{CHAIEK{IBKPBKRKIDLCDMJK
{IBIKHKAIKs CDAItEKC|MS

4:<7?6
@EK~PZCZHDZHEKw}KE]IK{IDxM{CAHEKAIKs CDAItEKCEFHJK

PHLPMGKLI{HLKAIKAMEFIYS
NMG|MBKYHGHKAMCHGKEPHK}GMHKAMKFGH~HLxIK{IBKMLMBMDFIEK
EIGFCAIEJKAMEAMK{ICEHEKFMCEKK{IBIKPBHKYMPMDHKHZMDAHKKHFKHEK
AMKZIEFIKBHCEKAP|CAIEHEKK{IBIKPBHKPMKBIEFGHKIKEB~ILIKAIK
OIGCDFxCHDESKC{HKHK{GCFGCIKAIKPEP}GCIKIKPMKMK{IBIKPFCLCHGS
rKYGUYGCIKECEFMBHKw}K|MBK{IBKHLZPBHEJKBHEKEMKEMDFCGK
DM{MEECAHAMJKYIAMK~HCHGKHCDAHKBHCEKIY\MEKAHKCDFMGDMFS

/7061945=C4D1
I{KYIAMKHAC{CIDHGKGM{PGEIEKHIKEMPK{IBYPFHAIGKHLFMGHDAIK
IKFMBHJKHK{IGJKIEKEIDEJKIKYLHDIKAMK[PDAIKAHK}GMHKAMKFGH~HLxIJKHK
YGIFM\]IKAMKFMLHJKIKFHBHDxIKAHK[IDFMKMKHKCBHZMBKAHK{IDFHKAMK
1EF
EPHK}GMHKAMKFGH~HLxIS
@IKHLFMGHGKIKFMBHK|I{KCD{LPCKPBKYLHDIKAMK[PDAIKDHK}GMHKAMK
FGH~HLxIJKPBHKYGIFM\]IKAMKFMLHJKHK{IGKAHK~IGAHKAHKwHDMLHKEIDEKMJKGEK
|MMEJK{IDMEKMKYIDFMCGIEKAMKBIPEMS
I{KYIAMKME{ILxMGKMDFGMK|}GCIEKFMBHEKAIK@MGIJKPMKKPBK
|CEPHLKYGMBCPBKAMEEHK|MGE]IKAIKs CDAItEJKHYGMEMDFHDAIKPBK
AMECZDK{IBIKIK|CAGIKFGHDEYHGMDFMK{IBKHDCBH\MEKAMKwHDMLHJKPBK
DI|IKBMDPKRDC{CHGJKPBHKDI|HK~HGGHKAMKFHGM[HEKMKDI|HEK{IGMEKAMK
~IGAHKAMKwHDMLHS
EMKIKFMBHKCDFMCGIKIPK{GCMKEMPKYGUYGCIKFMBHKYMGEIDHLCHAIK
HLFMGHDAIKHEKCBHZMDEJK{IGMEKMKEIDEKCDAC|CAPHLBMDFMSKI{KFHB~BK
YIAMKLI{HLCHGKBHCEKFMBHEKIDLCDMKDIKECFMKAIKs CDAItESKI{K
FHB~BKYIAMKHLFMGHGKIEKEIDEKMBCFCAIEKYMLIK{IBYPFHAIGKPHDAIJK
YIGKMMBYLIJK|I{KGM{M~MKPBKMVBHCLJKCDC{CHKIKs CDAItEKIPKAMELCZHK
IK{IBYPFHAIGS
rKYLHDIKAMK[PDAIKAHK}GMHKAMKFGH~HLxIJK{xHBHAIKAMKYHYMLKAMK
YHGMAMJKKPBHKCBHZMBJK{IGKIPKAMECZDKDHK}GMHKAMKFGH~HLxIKPMK{GCHK
PBK[PDAIKYHGHKHEKwHDMLHEKH~MGFHESKI{KYIAMKME{ILxMGKPBHKCBHZMBK
YHGHKEMGKEMPKYLHDIKAMK[PDAIKAMK}GMHKAMKFGH~HLxIKIPKYIAMKMC~CGKPBHK
HYGMEMDFH\]IKAMKELCAMEKAMKCBHZMDESKQHB~BKYIAMKEMGKPEHAHKPBHK
YGIFM\]IKAMKFMLHKIDAMKPBHKCBHZMBKIPKHDCBH\]IKHYHGM{MKMBKEPHK
FMLHKPHDAIK|I{KD]IKPFCLCHKIKBIPEMKIPKIKFM{LHAIKYIGKAMFMGBCDHAIK
YMGIAIKAMKFMBYISKI{KYIAMKME{ILxMGKPBHK|HGCMAHAMKAMKYGIFM\MEK
AMKFMLHKAIKs CDAItES

=424154>1?2

7 46



MBKYHYCEKAMKYHGMAMKMK{IGMES
6


@PBMDFHDAIKIKFHBHDxIKAHK[IDFMK|I{KYIAMKFIGDHGKIKFMFIJKIEK
{IDMEKMKIPFGIEKCFMDEKAHKFMLHKBHCEK[}{MCEKAMK|MGSKQHB~BKKYIEE|MLK
GMAPCGKHKME{HLHKTRJKME{HLHKAMKYIDFIEKYIGKYILMZHAHJKYHGHKACBCDPCGK
IKFHBHDxIKAIKFMFIKMKIPFGIEKCFMDEKDHKFMLHKYHGHKPMK{HC~HBKBHCEK
CD[IGBH\MEKDHKFMLHS
rPFGIKGM{PGEIKAMKYMGEIDHLCH\]IKK{ILI{HGKCBHZMBKAMK{IDFHK
0
@KCBHZMBKKMC~CAHKDHKFMLHKAMK~IHEK|CDAHEKMKDIKBMDPKRDC{CHGSK
I{KYIAMKHLFMGHGKHKCBHZMBKAHKEPHK{IDFHKAMKPEP}GCIKYHGHKPBHKAHEK
CBHZMDEKCD{LPAHEKDIKs CDAItEKIPKPEHGKEPHKYGUYGCHKCBHZMBS
3EF
FGH~HLxIJKPMKE]IKBCDCYGIZGHBHEKYMGEIDHLC}|MCEKPMKYIAMBKMC~CGK
{IDFCDPHBMDFMKCD[IGBH\MEKHFPHLCHAHEK{IBIKHKHYGMEMDFH\]IKAMK
ELCAMEKAMKCBHZMDEKIPK{IDFHFIEJKEMBKHKDM{MEECAHAMKAMKH~GCGKPBHK
DI|HKwHDMLHS
5=4?=1669116
BHKAHEKYGCD{CYHCEK{HGH{FMGEFC{HEKAIKBPDAIKCDPKKEPHEK
|MGEMEK|CGMBK{IBKBPCFIEKHYLC{HFC|IEJKHEECBKIKPEP}GCIKD]IKYGM{CEHK
9+
{IBKHEK|MGEMEKs CDAItES
rKs CDAItEKuK{IBM\HKHKBPAHGKMEEHKPMEF]IJKHZIGHKMCEFMKPBHK
EMGCMKAMKHYLC{HFC|IEKwPDFIEK{IBKIKs CDAItEKuJKYHGHKPMKIKPEP}GCIK
D]IKYGM{CEHK~HCHGKYGIZGHBHEKYHGHKHFC|CAHAMEK~}EC{HES
OIBKIKNFC{KIFMEKYIAMVEMKAMCHGKLMB~GMFMEKDIKAMEFIYKMK
FHB~BKEPYIGFHGKMDFGHAHKYIGK{HDMFHKMKFIPMS
IK HFxKRDYPFKOMDFMGJKPFCLCHDAIKGM{PGEIEKBPLFCFIPMJK
MPH\MEKBHFMB}FC{HEKME{GCFHEKDHKFMLHKE]IK{ID|MGFCAHEKMBKFMFIJK
YHGHKYIAMGKHAC{CID}VLHKMBKPBKYGI{MEEHAIGKAMKFMFIS
rKYGCDFKE{GMMDKHZIGHKFMBKPBKHYLC{HFC|IKPMKYMGBCFMK{HYFPGHGK
AMK[IGBHEKAC[MGMDFMEKHKFMLHJK{IBIKYIGKMMBYLIJKHKFMLHKCDFMCGHJKYHGFMEK
IPK}GMHEKAMEMDxHAHEKAHKFMLHK{IBKIKBIPEMS

556

rKs IGATHAKFHB~BK[ICKGM[IGBPLHAIJKGM{M~MPKDI|IK|CEPHLK
BHCEKYGUCBIKHIKs IGAKvyyuJKFHB~BKZHDxIPKDI|HEK[MGGHBMDFHEJK
HEECBKEMKFIGDHDAIKPBK~IBKMACFIGKYHGHKPMBKD]IKFMBKIKs IGAKvyyuS
@K{HL{PLHAIGHKFHB~BKEI[GMPKBPAHD\HEJKHZIGHK{IDFHK{IBKvK
DI|IEKBIAIEJKYGIZGHBHAIGKMKMEFHFEFC{ISKIKBIAIKYGIZGHBHAIGK
MLHK[HK{}L{PLIEK~CD}GCIEKMKFMBKIY\]IKAMK}LZM~GHK~IILMHDHSK@K
MEFHFEFC{HKFMBK[PD\MEKAMK{}L{PLIEK~}EC{IES
QHB~BK[ICKHAC{CIDHAIKGM{PGEIKAMK{ID|MGE]IKAMKPDCAHAMEK
{IBIKAMKYEKYHGHKBMFGIES

7><=6=?16
@YMEHGKAMEFHKDI|HK|MGE]IKAIKs CDAItEKMEFHGKBHCEKLM|MKMBK
+1+
YM\HEKGMLHFC|HBMDFMK~IHJKYHGHKPMKEMwHKPFCLCHAIKEMBKYGI~LMBHEK
AMKAMEMBYMDxIS
3+/
KTGI{MEEHAIGKAMKKWKvV~CF
K MBUGCHK@ KAMKKW
KTLH{HKAMKAMIK{IBYHF|MLK{IBKCGM{FKzSyKMKvK KAMK
BMBUGCHKEMB
s CDAItEK@MGI
KXEYH\IKGMPMGCAIKAMKAW
KVr
KNHAHKAMKJPACI
NMK[IGKAMEMwHAIKGIAHGKIKECEFMBHKEMBKYGI~LMBHEKAMKLMDFCA]IK
MKHCDAHKPEP[GPCGKAMGM{PGEIEK{IBIKIK@MGIJKIKGM{IBMDAHAIKKHK
+
+K/
KTGI{MEEHAIGKAMKvKWKvKIPKALK~CFE
K MBUGCHK@ KAMKvKW
KXEYH\IKGMPMGCAIKAMKACE{IKGZCAI,KAKW
CGM{FKzK
{IBKvAK
AMKBMBUGCHKYHGHKxH~CLCFHGKIKFMBHKAIKs CDAItEK@MGI
KDCAHAMKAMKVMs
KOIDM]IK{IBKHKRDFMGDMFKYHGHKI~FMGKHFPHLCH\ME

716471#"I755*

rKTHCDFK[ICKGM[IGBPLHAIJKHZIGHK{IDFHK{IBKDI|HEK[MGGHBMDFHEK
MKAMECZDKBMLxIGHAIJKZHDxIPKBMDPEKMK[MGGHBMDFHEKPMKYHGM{MBKAIK


 19=?106:7607<0616
OIBKIKBIDCFIGKAMKGM{PGEIEJKPBHKEGCMKAMKH~HEKBIEFGHK
CD[IGBH\MEKEI~GMKIKPEIKAIKYGI{MEEHAIGJKAHKBMBUGCHJKACE{IKMK
{IDM]IKGKGMAMS

?<45=C406:76< 651649?=<1
rKBMLxIGK{MD}GCIKYIEE|MLKYHGHKHKCDEFHLH\]IKAIKs CDAItEKuKK
{IBKPBHKB}PCDHKDI|HJK{IBKIEKGMPCECFIEKHYGIYGCHAIESKXDFGMFHDFIJK
KYIEE|MLKPFCLC}VLIKDPBK{IBYPFHAIGKHDFCZIJKAMEAMKPMKHFMDAHKHEK

NMKIKHYHGMLxIKMBKPMEF]IKYIEEPCGKIKs CDAItEKCEFHKCDEFHLHAIJK
|I{KFMG}KHKIY\]IKAMKHFPHLCHGKIKECEFMBHKIYMGH{CIDHLSKOHEIKEPHK
B}PCDHKPFCLCMKs CDAItEKTJK|I{KAM|MG}K[HMGKHKGMVCDEFHLH\]IKAIK
ECEFMBHKIYMGH{CIDHLS
FCLCHDAIKPBHK|MGE]IKHDFMGCIGKHKAIKTJKBPCFIKYGI|H|MLBMDFMK
EMPK{IBYPFHAIGKD]IKHFMDAMKHIEKGMPCECFIEKBDCBIESKXDFGMFHDFIJK
DHAHKCBYMAMKPMK|I{KFMDFMK[HMGKHKGMCDEFHLH\]IS

o_`jgkjdbcga`nd`giOfkbPfQRg`d`
nd`Odidkjbfe dkcg`nd`fiSTbUgaV`
hfacfa`d`higOife fa
56/5 5

?<45=C4D1
@FPHLCHGKKHK[IGBHKBHCEK{ID|MDCMDFMKAMKFMGKIKs CDAItEKuKMBK

YGIZGHBHEKAIKs CDAItEKCEFHKDIKLPZHGKNCFMKAHK C{GIEI[FJKxFFY,MM

tCDAItESBC{GIEI[FS{IBMYFV
MtCDAItEuMxMLYMPYZGHACDZV[GIB VtCDAItEV|CEFHVFIV
tCDAItEVuS
KIKBFIAIKBHCEKHAMPHAIJKEMKIKPEP}GCIKD]IKYIEEPCK
{IDxM{CBMDFIKIPKFMBYIKYHGHK[HMGKPBHKCDEFHLH\]IKAIKBFIAIK
FGHAC{CIDHLSKrYFHDAIKYIGKMEEHKIY\]IJKHCDAHKAM|MEEMKFIBHGK{PCAHAIK
{IBKHK{IBYHFC~CLCAHAMKAIEKYGIZGHBHEJKIKPMK[PD{CIDHKDIKCEFHK
DMBKEMBYGMK[PD{CIDHG}KDIKuS

rKs CDAItEKPEHKYHEFHEKYHGHKHZGPYHGKHYLC{H\MEJKAI{PBMDFIEK
HGPC|IEKMJKFHB~BJKYHGHKPDCGKGM{PGEIESKrEK{IDMEKAMKYHEFHEKE]IK
PEHAIEKYHGHKGMYGMEMDFHGKMEEMEKZGPYIEKMJKYIGFHDFIJKEMG]IK{IBMDFHAIEK
MBKAC[MGMDFMEK}GMHEKAMEEMKFMFIS
OGCHGJKHYHZHGJKBI|MGKMK{IYCHGKYHEFHEKEMG]IKFHGM[HEKPMK|I{K
[HG}K{IDEFHDFMBMDFMKMBKs CDAItES
@EECBJKYHGHKPMK|I{KGMHLBMDFMKEHC~HKPMBKE]IKMEEHEKYHEFHEK
GMLH{CIDHGHBVEMK|}GCIEKMMBYLIEKAMLHES
rKYGCBMCGIKMMBYLIKKHKYHEFHK@{MEEUGCIEJKPMK{IDFBKFIAIEK
IEK{IDMEKAMKHYLC{HFC|IEKAMKH{MEEUGCIEKPMKE]IKCDEFHLHAIEK{IBK
s CDAItEJKHKEH~MG,
W
W
W
WXY
MEEMK{HEIJKHKYHEFHKHZGPYHKHYLC{H\MES
@IK{LC{HGKDIK~IF]IKRDC{CHGJKIKBMDPKRDC{CHGKEMG}KHYGMEMDFHAISK
MEEMKBMDPJK|I{KMD{IDFGHG}KHLZPDEKEP~BMDPEKPMJKDHKGMHLCAHAMJK
GMYGMEMDFHBKYHEFHESKNMK|I{KHYIDFHGK{IBKIKBIPEMKYHGHKIKEP~BMDPK
TGIZGHBHEJKEMG}KHYGMEMDFHAHKPBHKLCEFHKAMKYHEFHEKPMKYIAMBK
{IDFMGKIPFGHEKYHEFHEKIPK{IDFMGK{IDMEKAMKHYLC{H\MESK@YIDFHGKYHGHK
IKEP~BMDPK@{MEEUGCIEKMC~CG}KFIAIEKIEK{IDMEKAMKHYLC{H\]IKPMK
MEF]IKDMEEHKYHEFHJKMKIPFGHEKYHEFHEJKHKEH~MG,
WZ
WZ:
W[
W3
@YIDFHGKYHGHKIKEP~BMDPKXDFGMFMDCBMDFIKMC~CG}KIEK{IDMEK
AMKHYLC{H\MEKAMEEMKZGPYIS

896?454D1
TIGKPHLPMGKBIFC|IKPMKHKHFPHLCH\]IKD]IKYIEEHKEMGKM[MFPHAHJK
HKCDEFHLH\]IK{IBYLMFHKEMKFIGDHKHKIY\]IKBHCEK|C}|MLS
MEFMK{HEIJKKDM{MEE}GCIK[HMGK~H{PYKAMKAHAIEKPMKEMK
AMEMwHKPFCLCHGJK{IBIKAGC|MGEKMKAI{PBMDFIEKAMKFMFIJKYICEKFIAHEK
HEKCD[IGBH\MEKDIK{IBYPFHAIGKEMG]IKYMGACAHESK PHDAIKCDC{CHGK
IKs CDAItEKuJKMLMK|HCKMEFHGKEMBKIEKYGIZGHBHEKPMK|I{KxH|CHK
+
7767 791
MKDHAHKHACHDFHGCHBKIEKDI|IEKGM{PGEIEKAIKs CDAItEKuKEMK
MLMKBHDFC|MEEMKHK[HBHKAMKLMDFIKMKYHGHDUC{IJKHAPCGCAHKYIGKEMPK
HDFM{MEEIGSKQMEFMEKCDAC{HBKPMKHKDI|HK|MGE]IKFMBKZHDxIPKHLZPDEK
YIDFIEKDHK|MLI{CAHAMS
rKNM|MDKFMKHwPAHKHPFIBHFC{HBMDFMK{IBKIKAMEMBYMDxI,KNMPK
ECEFMBHKIYMGH{CIDHLKFIBHK{IDFHKAIKZMGMD{CHBMDFIKAIKYGI{MEEHAIGK
MKBMBUGCHKYHGHK|I{KCBKI{MKs CDAItEKuKC~LMJKYZKyLJK
FGHAP\]IKDIEEHS
@LBKACEEIJKHEKFHGM[HEKGM{M~MBKYGCIGCAHAMESK@YMEHGKAMKD]IK
HwPAHGKM[MFC|HBMDFMKDIKAMEMBYMDxIJKIKs CDAItEKuKYGCIGCHKIKPMKIK
PEP}GCIKMEF}KCDFMGHZCDAIKFHGM[HEK[IGMZGIPDAS
rPFGHEJK{IBIKPBHKCBYGMEE]IJKFMBK~HCHKYGCIGCAHAMKYICEKE]IK
DHFPGHLBMDFMKLMDFHEKMKYIAMBKEMGKMM{PFHAHEKLIDZMKAHK|CE]IKAIK
PEP}GCIJKAHDAIKHKCBYGMEE]IKPMKIK{IBYPFHAIGKD]IKMEF}KLMDFIS
XEEHK{HGH{FMGEFC{HKYMGBCFMKPMKIKPEP}GCIKD]IKECDFHKPBHK
LMDFCA]IKAMEDM{MEE}GCHKDIK{IBYPFHAIGS
XDFGMFHDFIJKD]IKEMKYIAMKCZDIGHGKIK[HFIKPMJK{IBK{HAHK|MK
EF
IYMGH{CIDHLKEMKFIGDMKPBK[IGFMK{IDEPBCAIGKAMKBMBUGCHKMK
YGI{MEEHBMDFISKrKNM|MDKACEYIDC~CLCHK|}GCIEKGM{PGEIEKAMKYIDFHKMK
BHDFBKPBHKYMG[IGBHD{MKEHFCE[HFUGCHS

XKHEKYHEFHEKMBKs CDAItEK{IDFCDPHBSKNMK|I{KAMGKPBKAPYLIV
{LCPMKDIK{IDMK MPKOIBYPFHAIGJK|I{KH~GCG}KPBHKwHDMLHK{IBK
YMLIKBMDIEKBHCEKAPHEKYHEFHEKPMKE]IKGMEYM{FC|HBMDFMKTHCDMLKAMK
OIDFGILMKMKRBYGMEEIGHESK@KYHEFHKTHCDMLKAMKOIDFGILMKYIEEPCK
IEK{IDMEKGM[MGMDFMEKHKFIAIEKIEKYGIZGHBHEKDM{MEE}GCIEKYHGHK
+0
PEHDAIKPBHSK@KYHEFHKRBYGMEEIGHEKYIEEPCKHKLCEFHKAMKAGC|MGEKAMK
CBYGMEEIGHEKCDEFHLHAIEKMBKEMPK{IBYPFHAIGSK HEJKHCDAHKDHKwHDMLHK
MPKOIBYPFHAIGJK|I{KMD{IDFGHG}KIPFGHEKYHEFHESKNMK|I{KAMGKPBK
APYLIV{LCPMKDIK{IDMKPMKGMYGMEMDFHKIKAGC|MKOKACE{IKGZCAIK|I{K
|MG}KPBHKLCEFHKBPCFIKBHCIGKAMKYHEFHEKPMKAMYMDAMG}KCDFMCGHBMDFMK
AHK[IGBHK{IBIKIEKAI{PBMDFIEK[IGHBKIGZHDCHAIEKDIKACE{IS
OIBIK|I{KYIAMKYMG{M~MGJKHKEPHK}GMHKAMKFGH~HLxIKEMG}K
IGZHDCHAHKHFGH|EKAHEKYHEFHEKPMK|I{K{GCHGJKMKMEEHEKYHEFHEKYIAMG]IK
FMGKFHDFIKIEKEMPEKAI{PBMDFIEK{IBIKHEKEPHEK[MGGHBMDFHEKAMKFGH~HLxIK
HYLC{HFC|IES

 19=?106:76:767 791
@YMEHGKAMKD]IKEMGKPBHKM{LPEC|CAHAMKAIKNM|MDJKKPBHK

TIAMBVEMKHAC{CIDHGK{IDFHAIGMEKHLBKAIKPMKw}KMCEFMKYHGHK{ILxMGK
HCDAHKBHCEKCD[IGBH\MEKMKZMGHGKGMLHFUGCIES
N


161048 16746 80]1

PCFHEK|MMEJK|I{KYGM{CEHG}KACMGKYHGHKIKs CDAItEKIDAMK
PBKHGPC|IKMEF}KLI{HLCHAIJKMKYHGHK[HMGKCEEIKDM{MEECFHG}KEH~MGK
IK{HBCDxIKAIKHGPC|ISKTIGKMMBYLIJK|MwHKHKYHEFHK C{GIEI[FK
NxHGMASKTHGHKPMKs CDAItEKMD{IDFGMKPBKHGPC|IKHGBHMDHAIKL}JK
MLMK{IBM\HKYMLHKPDCAHAMKAMKACE{IKO,JKYMG{IGGMKHKYHEFHK@GPC|IEK
AMKTGIZGHBHEJKYMG{IGGMKHKYHEFHK@GPC|IEKOIBPDEJKMKEUKAMYICEJK
Ea :F/
AMKACE{IJKMKFIAHEKHEKIPFGHEKYHEFHEKMEF]IKAMDFGIKAHKZGHDAMKYHEFHKO,JK
YIGFHDFIJKMLHEKE]IKLCEFHAHEKHYUEKHKYHEFHKO,S

@KMEFGPFPGHKAMKYHEFHEKAMDFGIKAMKPBK{IBYPFHAIGKK{IBIKPBHK
^
@EKYHEFHEKYIAMBKMEFHGKAMDFGIKAMKIPFGHEKYHEFHEKYHGHK{GCHGK
PBKD|MLKBHCEKYGI[PDAIKDHKIGZHDCH\]IKAMKEMPKACE{IJK{IBIKPBK
HGB}GCIKPMKYIAMKFMGKZH|MFHEKMJKAMDFGIKAMEFHEJKAC|CEUGCHEKYHGHK

MBKPBHK[IGBHKxCMG}GPC{HJK{IBIKw}K[ICKBMD{CIDHAISKXBKFMGBIEK
LUZC{IEJK{HAHKCFMBKMBKPBKD|MLKxCMG}GPC{IKCD[MGCIGKYMGFMD{MKHIK
CFMBKPMKIK{IDFBS
XEEHK[IGBHKxCMG}GPC{HKBIEFGHKPMKYHGHKEMK{xMZHGKHKPBK
AMFMGBCDHAIKCFMBJKAM|MVEMKYMG{IGGMGKPBKAMFMGBCDHAIK{HBCDxIJK
PMK{IGGMEYIDAMKGKYIEC\]IKAMEEMKCFMBKAMDFGIKAHKMEFGPFPGHKAMKYHEFHES
0
XYLIGHDAIKPHDAIK|I{K{IDEPLFHKHKYHEFHK@{MEEUGCIEKPMK[ICK
{GCHAHKDHKCDEFHLH\]IKAMKs CDAItES

1/4
2345651b
46
;c8d15
@FGH|EKAMKs CDAItEKXYLIGMGKMKAMK MPKOIBYPFHAIGKK
YIEE|MLKHKGMHLCH\]IKAMKAC|MGEHEKIYMGH\MEKEI~GMKHGPC|IEJKFHCEK
{IBIK{UYCHJKM{LPE]IJKGMDIBMH\]IJKBI|CBMDFH\]IJKMF{SK@EKFHGM[HEK
AME{GCFHEKHKEMZPCGKYIAMG]IKEMGKM[MFPHAHEKFHDFIKMBKs CDAItEK
XYLIGMGK{IBIKMBK MPKOIBYPFHAIGS
5757D16:760><=16

NMKHK~HGGHKAMKFFPLIKAMKs CDAItEKXYLIGMGKMEFC|MGKBIEFGHDAIK
HYMDHEKHKYHEFHKHFPHLBMDFMKEMLM{CIDHAHJK{LCPMKDIKBMDPKXC~CGJK
ME{ILxHKIK{IBHDAIKrY\MEKAMKYHEFHJK{LCPMKDHKZPCHK IAIEKAMK
MC~C\]IKMJKHFC|MKHKIY\]IKXC~CGK{HBCDxIK{IBYLMFIKDHK~HGGHKAMK
FFPLIES
@K_K~HGGHKCD|MGFCAHKKPEHAHKYHGHKEMYHGHGKHEKEP~YHEFHEKMK
{IBYIGKIK{HBCDxIS
MwHKHKEMZPCGKPBKMMBYLIKAMK{HBCDxI,
O,_XOX_XOX_@XRr_@`@ XQrK
XK
XQ@@N
XEEMK{HBCDxIKBIEFGHKPMKIKHGPC|IK@`@ XQrK
XKXQ@@NJKEMKMD{IDFGHKDHKYHEFHK@XRrKPMK
xCMGHGPC{HBMDFMKMEF}KEP~IGACDHAHKGKYHEFHKXOXKMKMEFMKGK
YHEFHKXOXKDHKPDCAHAMKAMKACE{IKOS
NMK|I{K{LC{HGKAPHEK|MMEKDHKPDCAHAMKAMKACE{IKOKAHKwHDMLHK
s CDAItEKXYLIGMGJK|I{K|MG}KHEKYHEFHEKAMKEMPK{IBYPFHAIGK

@KBHCIGKYHGFMKAHEKIYMGH\MEKEI~GMKHGPC|IEKYIAMBKEMGK
GMHLCHAHEK{IBKHYMDHEKPBKHGPC|IKIPK{IBKZGPYIEKAMKHGPC|IEKMMIPK
YHEFHESKTHGHKFGH~HLxHGK{IBKZGPYIEKAMKHGPC|IEKIPKYHEFHEKKYGM{CEIK
M[MFPHGKHDFMEKHKEMLM\]IKAMLMEK{IBKIKBIPEMSKXCEFMBKAPHEK[IGBHEK
AMKEMLM\]IJKPBHK{IDFDPHKMKIPFGHKHLFMGDHAHS
BHK|MKM[MFPHAHKHKEMLM\]IJKIYMGH\MEKYIAMBKEMGK[MCFHEK
EI~GMKMEEMEKHGPC|IEKIPKYHEFHEJKFHCEK{IBIK{UYCHJKBI|CBMDFH\]IK
IPKM{LPE]IS
VKHMDAIKPBHKEMLM\]IK{IDFDPH,
ef NMLM{CIDMKIKYGCBMCGIKHGPC|IJK{LC{HDAIKDMLMS
ef HDFMDxHKYGMEECIDHAHKHKFM{LHKNRQS
ef OLCPMKDIKLFCBIKHGPC|IKAHKEMLM\]IS

VKHMDAIKPBHKEMLM\]IKAME{IDFDPH,
ef NMLM{CIDMKPBKHGPC|IS
ef HDFMDxHKYGMEECIDHAHKHKFM{LHKOQS
ef K{LCPMEKMBKHGPC|IEKHLFMGDHAIEKAMDFGIKAHKwHDMLHKAMK
{IDFMAIKAHKYHEFHS


SK X[MFPMKPBKHGGHEFMKAMEEHKYHEFHKEI~GMKHKYHEFHKAMKAMEFCDIS
LSK NILFMKIK~IF]IKAIKBIPEMK{HEIKEMwHKPBHKBI|CBMDFH\]IJK
IPKEMZPGMKOQKHDFMEKAMKEILFHGKIK~IF]IKAIKBIPEMK{HEIKEMwHKPBHK
{UYCHS
W
ACE{I,
SK @~GHKMBKFMLHKHEKAPHEKwHDMLHEKAMK MPKOIBYPFHAIGKIPK
s CDAItEKXYLIGMGJKHKAMKIGCZMBKMKHKAMKAMEFCDIS
vSK NMLM{CIDMKHKYHEFHKHKEMGK{IYCHAHKIPKBI|CBMDFHAHS
SK X[MFPMKIKHGGHEFMKAHKYHEFHKAHKwHDMLHKAHKYHEFHKAMKIGCZMBK
EI~GMKHKYHEFHKAHKwHDMLHKAMKAMEFCDIS
LSK THGHK{UYCHJKEILFMKIK~IF]IKAIKBIPEMSKTHGHKBI|CBMDFH\]IJK
PFCLCMKHKFM{LHKNRQKHDFMEKAMKEILFHGKIK~IF]IKAIKBIPEMS
SK TMG{M~HJKPMKEMKHKYHEFHKD]IKAMEHYHGM{MGKAHKHDFCZHKMEFGPFPV
GHKxCMG}GPC{HJKCEFIKCDAC{HG}KPMKMEEHKIYMGH\]IKEMG}KPBHK{UYCHSKNMKHK
FM{LHKNRQK[IGKYGMEECIDHAHJKHKYHEFHKCG}KAMEHYHGM{MGJKMKDMEEMK{HEIKHK
IYMGH\]IKEMG}KPBHKBI|CBMDFH\]IS

1/4
2345651b
46
;c8d1561 6c516716
 1c54
OUYCHKIPKBI|CBMDFH\]IKAMKYHEFHEKIPKHGPC|IEKYIAMBKEMGK
[MCFHEKAMKPBKLI{HLKAMKIGCZMBKYHGHKIPFGIKAMKAMEFCDIKDIKs CDAItEK
XYLIGMGKIPKMBK MPKOIBYPFHAIGKPEHDAIKIKBIPEMK{IBK
IYMGH\MEKAMKHGGHEFMS
57><h9=46:76/4661664046i=4676 1= 79?4D1

W
ACGMFHBMDFM,
SK NMLM{CIDMKHKYHEFHKHKEMGK{IYCHAHKIPKBI|CBMDFHAHS
vSK X[MFPMKIKHGGHEFMKAHKYHEFHKAHKwHDMLHKAMKIGCZMBKYHGHKEI~GMK
IK{IDMKAHKPDCAHAMKAMKACE{IKYHGHKHKPHLKAMEMwHKPMKHKIYMGH\]IKEMwHK
M[MFPHAHS
SK THGHK{UYCHJKEILFMKIK~IF]IKAIKBIPEMSKTHGHKBI|CBMDFH\]IJK
PFCLCMKHKFM{LHKNRQKHDFMEKAMKEILFHGKIK~IF]IKAIKBIPEMS
rKYIDFIKBHCEKCBYIGFHDFMKHKI~EMG|HGKHPCKEMKGMEPBMKDIK
EMZPCDFM,K@KYHEFHKEMG}K{IYCHAHKIPKBI|CBMDFHAHKYHGHKHKPDCAHAMKAMK
ACE{IKAMKAMEFCDIK{IBIKPBHKYHEFHKDMEEHKPDCAHAMKAMKACE{IS

THGHKM[MFPHGKHEKFHGM[HEKAMK{UYCHKIPKBI|CBMDFH\]IJKYGI{PGMK
I~EMG|HGKHKEMPD{CHKAMKYHEEIEKHKEMZPCG,
ef NMLM{CIDMKHEKYHEFHEKIPKHGPC|IEKHKEMGKMBK{IYCHAIEK
IPKBI|CBMDFHAIES
ef M{CAHKEMKAMEMwHKGMHLCHGKPBHK{UYCHKIPKBI|CBMDFH\]IS
ef X[MFPMK IK HGGHEFMK AHEK YHEFHEK IPK HGPC|IEK
EMLM{CIDHAIEK{IBKIKBIPEMKAHKIGCZMBKYHGHKIKAMEFCDIJKMKBHDFMDxHK
YGMEECIDHAIKIK~IF]IKAIKBIPEMSKr~EMG|MKHFMDFHBMDFMKEMKIKAMEMDxIK
PMKH{IBYHDxHKHKYHEFHKIPKIK{IDMKAHKYHEFHKFMBKPBKECDHLKjKBHCESK
NMKMLMKFC|MGKMEEMKECDHLJKHKIYMGH\]IKEMG}KAMK{UYCHJK{HEIK{IDFG}GCIKEMG}K
AMKBI|CBMDFH\]IS
ef NILFMKIKBIPEMK{HEIKHKIYMGH\]IKKHKPMKAMEMwHSKOHEIK{IDV
.K-:kZ.
HKIYMGH\]IKAMEMwHAHS
ef r~EMG|MKHFMDFHBMDFMKEMKIKAMEMDxIKAHKYHEFHKIPK{IDMEK
AIEKHGPC|IEKPMKMEF]IKEMDAIKHGGHEFHAIEKYMGBHDM{MGHBKIPKD]IKDHK
IGCZMBSKNMKYMGBHDM{MGMBJKHKIYMGH\]IKM[MFPHAHKFMG}KECAIKAMK{UYCHJK
{HEIK{IDFG}GCIKFMG}KECAIKAMKBI|CBMDFH\]IS

W9a +
@K{UYCHKIPKBI|CBMDFH\]IKAMKHGPC|IEKJKMBKLCDxHEKZMGHCEJK
EMBMLxHDFMKHIKPMKAME{GM|MBIEKMBKGMLH\]IKGEKYHEFHESKNUKPMKDIK
{HEIKAHK{UYCHKIPKBI|CBMDFH\]IKAMKPBHKYHEFHJKFIAIKIKEMPK{IDFMAIK
CG}K{IBKMLHS
W3/
SK @~GHKHKwHDMLHKAMKs CDAItEKXYLIGMGKIPKAMK MPKOIBV
YPFHAIGS
vSK NMLM{CIDMKHKYHEFHKAMKACGMFUGCIKPMKAMEMwHK{IYCHGKIPKBIV
|CBMDFHGS
SK X[MFPMKPBKHGGHEFMKAMEEHKYHEFHKEI~GMKHKYHEFHKAMKAMEFCDIS
LSK NILFMKIK~IF]IKAIKBIPEMK{HEIKEMwHKPBHKBI|CBMDFH\]IJK
IPKEMZPGMKOQKHDFMEKAMKEILFHGKIK~IF]IKAIKBIPEMK{HEIKEMwHKPBHK
{UYCHS
W
AMKACE{I,
SK @~GHKMBKFMLHKHEKAPHEKwHDMLHEKAMK MPKOIBYPFHAIGKIPK
s CDAItEKXYLIGMGJKHKAMKIGCZMBKMKHKAMKAMEFCDIS
vSK NMLM{CIDMKHKYHEFHKHKEMGK{IYCHAHKIPKBI|CBMDFHAHS
SK X[MFPMKIKHGGHEFMKAHKYHEFHKAHKwHDMLHKAHKYHEFHKAMKIGCZMBK
EI~GMKHKYHEFHKAHKwHDMLHKAMKAMEFCDIS
LSK THGHK{UYCHJKEILFMKIK~IF]IKAIKBIPEMSKTHGHKBI|CBMDFH\]IJK
PFCLCMKHKFM{LHKNRQKHDFMEKAMKEILFHGKIK~IF]IKAIKBIPEMS
rKYGI{MACBMDFIKYHGHKM[MFPHGKHK{UYCHKAMKYHEFHEKAMKPBHKwHDMLHK
AMKYHEFHEKYHGHKIPFGHKwHDMLHKMBK[IGBHKAMK{IDMJKKIKBMEBIKPMK
H{H~HBIEKAMKPFCLCHGS

1/861c6 1d8 40 2l16746/5 5

W3/
SK @~GHKHKwHDMLHKAMKs CDAItEKXYLIGMGKIPKAMK MPKOIBV
YPFHAIGS
vSK NMLM{CIDMKHKYHEFHKAMKACGMFUGCIKPMKAMEMwHK{IYCHGKIPKBIV
|CBMDFHGS
g


W
ACGMFHBMDFM,

o_`jgkjdbcgaV`adiUbQga`d`
cdjkglgObfa`idlfjbgkfnga`f`
bkcifkdcV`bkcdikdc`d`f`jgiidbg`
dldcipkbjg

SK NMLM{CIDMKHKYHEFHKHKEMGK{IYCHAHKIPKBI|CBMDFHAHS
vSK X[MFPMKIKHGGHEFMKAHKYHEFHKAHKwHDMLHKAMKIGCZMBKYHGHKEI~GMK
IK{IDMKAHKPDCAHAMKAMKACE{IKYHGHKHKPHLKAMEMwHKPMKHKIYMGH\]IKEMwHK
M[MFPHAHS
THGHK{UYCHJKEILFMKIK~IF]IKAIKBIPEMSKTHGHKBI|CBMDFH\]IJK
PFCLCMKHKFM{LHKNRQKHDFMEKAMKEILFHGKIK~IF]IKAIKBIPEMS
I|HBMDFMJKIKYIDFIKBHCEKCBYIGFHDFMKHKI~EMG|HGKHPCKEMK
GMEPBMKDIKEMZPCDFM,K@KYHEFHKEMG}K{IYCHAHKIPKBI|CBMDFHAHKYHGHK
HKPDCAHAMKAMKACE{IKAMKAMEFCDIK{IBIKPBHKYHEFHKDMEEHKPDCAHAMKAMK
ACE{IS
r~ES,KYHGHK{IYCHGKPBHKYHEFHKAMKPBKLI{HLKHKIPFGIJKFHDFIKDHK
BMEBHKPDCAHAMKAMKACE{IKPHDFIKMBKIPFGHJKYIAMBIEKPFCLCHGKIK
EMZPCDFMKYGI{MACBMDFI,
OLCPMK{IBKIK~IF]IKACGMCFIKEI~GMKHKYHEFHJKDIKBMDPKPMKEPGZMK
ME{ILxMGKHKIY\]IK{IYCHGKMKDIKLI{HLKAMEMwHAIJKGMYMFCGKIKYGI{MEEIJK
EMLM{CIDHDAIKAMEFHK|MKHKIY\]IK{ILHGS

80 4
04
@KRDFMGDMFKKPBK{IDwPDFIKAMKGMAMEKAMK{IBYPFHAIGMEKPMK
{IDM{FHKBCLxMEKAMK{IBYPFHAIGMEKDIKBPDAIKCDFMCGIJKCD{LPEC|MKIK
EMPSKXLHKKFHB~BKPBHK|HEFHK[IDFMKAMKCD[IGBH\MEKPMKMEF}KMBK
{IDEFHDFMKBPAHD\HKMKMYHDE]ISKMEAMKHKEPHK{GCH\]IKDHKA{HAHK
AMKzuyJKMLHKFMBK{GME{CAIKMYIDMD{CHLBMDFMKMKKHZIGHKPEHAHKYIGK
BCLxMEKAMKYMEEIHEJKAMEAMKHEKCDEFCFPC\MEK{IBMG{CHCEKMKMAP{H{CIDHCEK
HFKIEK{IDEPBCAIGMEKCDAC|CAPHCES

401 42l16746
;c8d15
ef EKF
PBKHGPC|IJKEMBKHLFMGHGKIKEMPK{IDFMAIS
ef MDIBMHDAIKPBKHGPC|I,
ef OLCPMK{IBKIK~IF]IKACGMCFIKAIKBIPEMKEI~GMKIKDIBMKAIK
HGPC|IKPMKAMEMwHKGMDIBMHGS
ef IKBMDPKAMKHFHLxIJKEMLM{CIDMKMDIBMHGSKrKDIBMKAIK
HGPC|IKKEMLM{CIDHAIKYMGBCFCDAIKPMK|I{KHLFMGMVIS
ef CZCFMKIKDI|IKDIBMKMJKMBKEMZPCAHJK{LCPMKMBKPBKLPZHGK
PHLPMGS

BHK|MK{IDM{FHAIKGKRDFMGDMFJK|I{KYIAMKFMGKH{MEEIKHKPBHK
GC{HKZHBHKAMKCD[IGBH\MEJKCD{LPCDAIKY}ZCDHEKAHKs IGLAKs CAMK
s M~JK{IGGMCIKMLMFGqDC{IJK{xHFJKZGPYIEKAMKDIF{CHEJKEI[FtHGMJKwIZIEJK
9
|I{KMEFC|MGKYGI{PGHDAIS
BKYGI|MAIGKAMKEMG|C\IEKAMKCDFMGDMFKRNTKBHDFBKPBKEMG|CAIGK
PMKMEF}KACGMFHBMDFMK{IDM{FHAIK{IBKHKRDFMGDMFSKTHGHK{IDM{FHGKIKEMPK
{IBYPFHAIGK{IBKHKRDFMGDMFJK|I{KAM|MKPEHGKPBKBIAMBKYHGHKACE{HGK
YHGHKMEEMKYGI|MAIGSKrKYGI|MAIGKLxMK{I~GHKYMLIKFMBYIKPMK|I{K
YHEEHKPEHDAIKYMLIKEMG|C\IS

4nc5l16746
;c8d15
X{LPCDAIKPBKHGPC|I,
ef NMLM{CIDMKIKDIBMKAIKHGPC|IKPMKAMEMwHKM{LPCGS
ef TGMEECIDMKHKFM{LHKXS

/017:10
rKYGI|MAIGKKPBHKMBYGMEHKYGMEFHAIGHKAMKEMG|C\IEKPMKI[MGM{MK
H{MEEIKGKRDFMGDMFSKTHGHKH{MEEHGKHKRDFMGDMFJKKDM{MEE}GCIK{IDM{FHGVEMK
{IBKPBK{IBYPFHAIGKPMKw}KMEFMwHKDHKRDFMGDMFKDIK{HEIJKIKYGI|MAIGK
MKMEEMK{IBYPFHAIGKAM|MKYMGBCFCGKPMKEMPEKPEP}GCIEKFHB~BKFMDxHBK
H{MEEIKHKRDFMGDMFS
IKGHECLJKHKBHCIGCHKAIEKYGI|MAIGMEKMEF}K{IDM{FHAHKGKXB~GHFMLJK
PMKYIGKEPHK|MJKMEF}K{IDM{FHAHK{IBKIPFGIEK{IBYPFHAIGMEK[IGHK
AIKGHECLSKXEFHK{IDM]IK{xHBHVEMKLCDJKPMKKHK{IDM]IK[EC{HK
PMKCDFMGLCZHKIKYGI|MAIGKAMKH{MEEIK{IBKHKXB~GHFMLSKMEFMK{HEIJK
HKXB~GHFMLKK{IDxM{CAHK{IBIK~H{~IDMJKIPKEMwHJKKHKMEYCDxHK
AIGEHLKAHKRDFMGDMFKDIKGHECLSKTIAMVEMKCBHZCDHGKIK~H{~IDMK{IBIK
EMK[IEEMKPBHKH|MDCAHKAMKFGEKYCEFHEKMKIEKLCDEK{IBIKEMK[IEEMBKHEK
GPHEKPMKMEF]IKCDFMGLCZHAHEKDMEFHKH|MDCAHS
QHDFIKIKLCDK{IBIKIK~H{~IDMKYIEEPCKPBHK|MLI{CAHAMKAMK
FGHDEBCEE]IJKIPKEMwHJK{IBKPHLK|MLI{CAHAMKMLMKFGHDEBCFMKIEKAHAIESK
XEFHK|MLI{CAHAMKKAHAHKMBK~YEK~CFEKYIGKEMZPDAISKM|MKEMGK[MCFIK
PBK{IDFGHFIK{IBKIKYGI|MAIGKAMKH{MEEIJKPMK[IGDM{MG}KPBKDIBMKAMK
PEP}GCIJKPBHKEMDxHKAMKH{MEEIKMKPBKMDAMGM\IKMLMFGqDC{IKDHKRDFMGDMFS

:+E-F
HGBHMDHGKFMBYIGHGCHBMDFMKIEKHGPC|IEKHYHZHAIEJKPBHK{HCHKAMK
++
HGPC|IKMD|CHDAIVIKYHGHKHKCMCGHJK{HEIK{IDFG}GCIJKIKHGPC|IKK
HPFIBHFC{HBMDFMKMLCBCDHAIKAIKACE{IS
:+E-F
HGBHMDHGKFMBYIGHGCHBMDFMKIEKHGPC|IEKHYHZHAIEJKPBHK{HCHKAMK
++
HGPC|IKMD|CHDAIVIKYHGHKHKCMCGHJK{HEIK{IDFG}GCIJKIKHGPC|IKK
HPFIBHFC{HBMDFMKMLCBCDHAIKAIKACE{IS


]1 76/4<7

c
6s6c9=210 6
761<07614?10
.0+
AMKIDAMKMEF}KLI{HLCHAIKIK{IBYPFHAIGKMKPHCEKGM{PGEIEKMEFMK
{IBYPFHAIGKI[MGM{MSKTIGKMMBYLIJKHK,
xFFY,MMtttSDI|H{ID{PGEIES{IBS~GK
NMG}KBHCEK~MBKMYLC{HAIKHACHDFMS
04"5445t55u

I{KMEFPAHKMBKPBHKPDC|MGECAHAMKMKYGM{CEHK[HMGKHLZPBHEK
YMEPCEHEKYHGHKPBKFGH~HLxISKrDAMKYGI{PGHGKHEKCD[IGBH\MEKPMK
YGM{CEIv
THGHKCEEIJKMCEFMBKDHKRDFMGDMFKIEK[HBIEIEKECFMEKAMKYGI{PGHJK
PMKE]IKECFMEKPMKYIEEPMBKPBKMDIGBMK~HD{IKAMKAHAIEKPMK{IDFBK
IK{HAHEFGIKAMKBCLxHGMEKAMKIBMKTHZMEJKPMKYMGBCFMBKHKYGI{PGHK
YIGKPBKAMFMGBCDHAIKHEEPDFISKOHEIKHKYHLH|GHKIPKIKHEEPDFIKPMK[ICK
YGI{PGHAIKMCEFHKMBKHLZPBHKAMEEHEKY}ZCDHEJKEMG}KLCEFHAIKFIAHKMEFHK
GMLH\]IKAMKY}ZCDHEKMD{IDFGHAHES
@KYMEPCEHKYIAMKEMGKGMHLCHAHK{IBKPBHKYHLH|GHJKGM[MGMDFMK
HIKHEEPDFIKAMEMwHAISKTIGKMMBYLIJK|I{KPMGKYMEPCEHGKEI~GMK
HBIGFM{MAIGMEJK{HEIKD]IKMD{IDFGMKDHAHK{IBIKHBIGFM{MAIGMEJK
YGI{PGMK{IBIKHPFIYM\HEJKMKHEECBKEP{MEEC|HBMDFMS
b40046:7679:707166
@KHGGHKAMKXDAMGM\IEKYIEEC~CLCFHKPMKEMKYIEEHKDH|MZHGKMBK
Y}ZCDHEKAHKCDFMGDMFJK~HEFHDAIKYHGHKCEFIKACZCFHGKIKMDAMGM\IKAHKY}ZCDHSK
@LZPDEKECFMEKCDFMGMEEHDFME,K
W[
W8
W
W
W
W:
Wa 3+
K
wxyz{|}~xyyzxyyxy |{y
XMBYLI,KxFFY,MMtttSYMLIFHES{IBS~GK
xFFY,MMK VK CYMGKQMFKQGHD[MGK TGIFI{ILK YGIFI{ILIK AMK
{IBPDC{H\]IK
s s s KVKs IGLAKs CAMKs M~KWGHDAMKGMAMKBPDACHLK
YMLIFHEKVKMBYGMEHKIPKIGZHDCH\]IKPMKBHDFBKIKECFMK
S{IBKVKFCYIKAMKIGZHDCH\]IK
^
=166:7610<49=C4766
SMAPKVKCDEFCFPC\MEKMAP{H{CIDHCESKXMBYLI,KBC{xCZHBSMAPK
S{IBKVKCDEFCFP\MEK{IBMG{CHCESKXMBYLI,KBC{GIEI[FS{IBK
SZI|KVKZI|MGDHBMDFHLSKXMBYLI,K[HMDAHSZI|K
SBCLKVKCDEFHLH\]IKBCLCFHGSKXMBYLI,KH[SBCLK
SDMFKVK{IBYPFHAIGMEK{IBK[PD\MEKAMKHABCDCEFGHGKGMAMESK
XMBYLI,KMB~GHFMLSDMFK
SIGZKVKIGZHDCH\MEKD]IKZI|MGDHBMDFHCESKXMBYLI,K{HGMSIGZK
r

TMLH+k
@NORRKDIK[IGBHFIKQ KH{MEEHAIKAMK{IBYPFHAIGMEKGIAHDAIK
PBKH|MZHAIGKGItEMGJKPMKYMGBCFMKIKH{MEEIKGEKCD[IGBH\MEKMBK
.
HK~PE{HKAMKCD[IGBH\MEKAMDFGIKAHEKIBMKTHZMES
rKMDAMGM\IKAMKIBMKTHZMEKFMBKIKEMZPCDFMK[IGBHFI,
xFFY,MMtttSMDAMGM\IS{IBMY}ZCDHSxFBL
TIGKMMBYLIJKHKY}ZCDHKYGCD{CYHLKAHKTGIDHZ,
xFFY,MMtttSYGIDHZS{IBS~GMCDAMSxFBL
/cs805
rEKYLPZVCDEKE]IKYGIZGHBHEKPMKMYHDAMBKHK{HYH{CAHAMKAIK
X^
0
PBHKIBMKTHZMSK@EKMBYGMEHEKAMKEI[FtHGMK|BKAMEMD|IL|MDAIK
YLPZVCDEKHKPBHK|MLI{CAHAMKCBYGMEECIDHDFMSK HCIGMEKCD[IGBH\MEKMK
MDAMGM\IEKEI~GMKYLPZVCDEKE]IKMD{IDFGHAHEKDHKY}ZCDH,
xFFY,MMtttSHxIIS{IB MOIB YPFMGEHDARDFMGDMFMNI[FtHGMM
RDFMGDMFMs IGLAs CAMs M~MGItEMGEMTLPZRDEMRDAC{MEM
@FPHLBMDFMKMCEFMBK|}GCIEKFCYIEKAMKYLPZVCDESK@~HCIKFMBIEK
PBHKGMLH\]IKAMKHLZPDEKAMLME,
VKKMK@DCBH\]IK@GPC|IEK JK TXWJK PC{QCBMJKMF{SS
VKJPACIMAMIK@GPC|IEKs @JK RJK@RJKMF{SS
VKCEPHLCHAIGMEKAMKRBHZMDEK@GPC|IEKTWJKWRJK TJKTOJK
MF{SS
VKMZU{CIEKMKFCLCF}GCIE
VK@YGMEMDFH\ME
9 /6s6 0496270h9=46:760><=16
TMGBCFMK{IYCHGKHGPC|IEKAMKPBK{IBYPFHAIGKAHKRDFMGDMFKYHGHKIK
EMPK{IBYPFHAIGS
rEKYGIZGHBHEKACEYID|MCEKDHKRDFMGDMFKYIAMBKEMG,
ef GMMtHGM,KTGIZGHBHKLC|GMKPMKYIAMKEMGKACEFGC~PAIKMKPFCV
LCHAIKLC|GMBMDFMJKD]IKGMPMGKDMDxPBHKFHHKYHGHKEPHKPFCLCH\]IJKMK
D]IKK{IDECAMGHAIKYCGHFHGCHKHK{UYCHKAMEFMKYGIZGHBHS
ef NxHGMtHGM,KTGIZGHBHKAMBIDEFGH\]IKPMKYIAMKEMGKPFCV
LCHAIKYIGKPBKAMFMGBCDHAIKYGHIKIPKPMK{IDFBKHLZPDEKLCBCFMEJK
YHGHKEMGKPFCLCHAIKHYMDHEK{IBIKPBKFMEFMKAIKYGIZGHBHSKNMKIKPEP}GCIK
ZIEFHGKMLMK{IBYGHJK{HEIK{IDFG}GCIJKD]IKPEHKBHCEKIKYGIZGHBHSKHK
BHCIGCHKAHEK|MMEJKMEEMEKYGIZGHBHEKMC~MBJKAMKFMBYIEKMBKFMBV
YIEJKPBHKBMDEHZMBKH|CEHDAIKPMKMLMKAM|MKEMGKGMZCEFGHAISKrPFGIEK
FCYIEKAMKExHGMtHGMKFBKFMBYIKAMKPEIKLCBCFHAISKMYICEKAMKMYCGHAIK
MEFMKFMBYIKAMKFMEFMJKKDM{MEE}GCIKPMKEMwHK[MCFIKHK{IBYGHKAMEFMK
YGIZGHBHS
047<4069466<=9466
OIDECEFMKYMG{IGGMGKHEKY}ZCDHEKDHKCDFMGDMFKHKYHGFCGKAMKPBK
AI{PBMDFIKDIGBHLKMKAMKLCDEKAHEKYGUYGCHEKY}ZCDHESK
1 16645406:1< 79?16640><=166766=?7666
OLCPMKDIKBMDPK@GPC|IKMKDHKIY\]IKNHL|HGK{IBISK
1 161=40676154064046< 67:=?106:76?78?166
:+
ACGMCFIKAIKBIPEMKMKME{ILxHKHKIY\]IKOIYCHGSKK


"645t55
rGZHDCH\MEK{IDEFGIMBKPBHKCDFGHDMFKYIGPMKMLHKKPBHK

M{IDIBCHGKFMBYIJKACBCDPCGKHEKAME|HDFHZMDEKAHKACEFD{CHKMK
HLH|HD{HGKEI~GMKIKEMPKBHCIGKYHFGCBqDCIKAMK{HYCFHLV[PD{CID}GCIEK
{IBK{IDxM{CBMDFIEKAHEKIYMGH\MEKMKYGIAPFIEKAHKMBYGMEHS
@~GHKIKMACFIGKAMKFMFIK{LCPMKMBK{ILHGK

71454t55

KKKK

80
04
@KRDFGHDMFKIPKRDFMGDMFKOIGYIGHFC|HKKHKCBYLHDFH\]IKAMKPBHK
RDFMGDMFKGMEFGCFHKHYMDHEKHKPFCLCH\]IKCDFMGDHKAMKPBHKMBYGMEHSK@EK
CDFGHDMFEKIPKs M~EK{IGYIGHFC|HEJKE]IKGMAMEKAMK{IBPDC{H\]IKCDFMGDHEK
~HEMHAHEKDHKFM{DILIZCHKPEHAHKDHKRDFMGDMFSKOIBIKPBKwIGDHLKMACFHAIK
CDFMGDHBMDFMJKMKPMKYIAMKEMGKH{MEEHAIKHYMDHEKYMLIEK[PD{CID}GCIEK
AHKMBYGMEHS

AMYHGFHBMDFIEJKBME{LHDAIK{IBKEMZPGHD\HKHEKEPHEKCD[IGBH\MEK
YHGFC{PLHGMEKAMDFGIKAHKMEFGPFPGHKAMK{IBPDC{H\MEKAHKMBYGMEHS
rKZGHDAMKEP{MEEIKAHKRDFMGDMFJKKYHGFC{PLHGBMDFMKAHKs IGLAK
;+
CD[IGB}FC{HKDIEKLFCBIEKHDIES
XBKYGCBMCGIKLPZHGJKIKPEIKAIKxCYMGFMFIKAI{PBMDFIEK
CDFMGLCZHAIEKHFGH|EKAMK|D{PLIEJKIPKLCDEKMKHKMDIGBMK[H{CLCAHAMK
AMKEMK{GCHGJKCDFMGLCZHGKMKACEYIDC~CLCHGKAI{PBMDFIEKBPLFCBACHK

CD[IGBH\]IKHFGH|EKAMKGMAMEKAMK{IBYPFHAIGMESKXBKEMZPDAIKLPZHGJK
{GCIPVEMKPBHKZCZHDFME{HK~HEMKAMKPEP}GCIEJKw}K[HBCLCHGCHAIEK{IBK
{IDxM{CBMDFIEK~}EC{IEKAMKCD[IGB}FC{HKMKAMKDH|MZH\]IKDHKRDFMGDMFSK
CDHLBMDFMJKEPGZCGHBKBPCFHEK[MGGHBMDFHEKAMKEI[FtHGMKAMK{PEFIKMGIK
IPKYMPMDIJKPMKYMGBCFMBKHKPHLPMGKIGZHDCH\]IKIPKMBYGMEHJK
EMBKBPCFIKME[IG\IJKMDFGHGKDHKGMAMKMK{IBM\HGKHKH{MEEHGKMK{ILI{HGK
CD[IGBH\]ISKrKGMEPLFHAIKCDM|CF}|MLK[ICKHKCBYGMEECIDHDFMKMYLIE]IK
DHKCD[IGBH\]IKACEYID|MLKDHKRDFMGDMFJKPMKEMZPDAIK{IDEFHJKMEF}K
AI~GHDAIKAMKFHBHDxIKHK{HAHKBES
@EECBJKD]IKAMBIGIPKBPCFIKHKEPGZCGKPBKDI|IK{ID{MCFIJKPMK
FMBKCDFMGMEEHAIKPBKDBMGIK{HAHK|MKBHCIGKAMKMBYGMEHEJKxIEYCFHCEJK
[H{PLAHAMEK MK IPFGHEK IGZHDCH\MEK CDFMGMEEHAHEK MBK CDFMZGHGK
CD[IGBH\MEKMKPEP}GCIE,KHKCDFGHDMFSKNMPKHA|MDFIKMKACEEMBCDH\]IK
YGIBMFMKIYMGHGKPBHKGM|ILP\]IKF]IKYGI[PDAHKYHGHKHK|CAHK
IGZHDCH{CIDHLKPHDFIKIKHYHGM{CBMDFIKAHEKYGCBMCGHEKGMAMEKLI{HCEK

9t55u
rKFMGBIKCDFGHDMFK{IBM\IPKHKEMGKPEHAIKMBKBMHAIEKAMKzzK
YIGK[IGDM{MAIGMEKAMKYGIAPFIEKAMKGMAMKYHGHKEMKGM[MGCGMBKHIKPEIK
AMDFGIKAHEKMBYGMEHEKYGC|HAHEKAMKFM{DILIZCHEKYGIwMFHAHEKYHGHKHK
{IBPDC{H\]IKYIGK{IBYPFHAIGKMDFGMKMBYGMEHESKXBKIPFGHEKYHLH|GHEJK
PBHKCDFGHDMFK{IDECEFMKMBKPBHKGMAMKYGC|HFC|HKAMK{IBYPFHAIGMEK
PMKEMK~HEMCHKDIEKYHAGMEKAMK{IBPDC{H\]IKAMKAHAIEKAHKRDFMGDMFK
Y~LC{HJK~HEMHAHEKDHKFM{DILIZCHKPEHAHKDHKRDFMGDMFKY}ZCDHEKQ JK
MVBHCLJKQTJKMF{SKPMK|BJKHFPHLBMDFMK[HMDAIKBPCFIKEP{MEEISK
XDFGMKHEKGHMEKYHGHKMEFMKEP{MEEIJKMEF]IKIK{PEFIKAMKCBYLHDFH\]IK
GMLHFC|HBMDFMK~HCIKMKHK[H{CLCAHAMKAMKPEIKYGIYC{CHAHKYMLIEK
YGIZGHBHEKAMKDH|MZH\]IKDHKs M~JKIEK~GItEMGES


MEFHBIEK|CGFPHLBMDFMKFIAIEKDHKBMEBHKEHLHSKMKPHLPMGKBIAIJKK

HEKMBKHLZPBHEK}GMHEKw}KEMK|CELPB~GHBK~MDM[{CIEJKYIGKMMBYLI,
ef HGMFCDZKMKMDAHEKVKRD[IGBH\MEKEI~GMKYGIAPFIEJKLCEFHEK
AMKYGM\IEJKYGIBI\MEJKYLHDMwHBMDFIKAMKM|MDFIE
ef MEMD|IL|CBMDFIKAMKTGIAPFIEKVKrQKrGCMDFH\]IKAMKQGHV
~HLxIJKYLHDMwHBMDFIEJKLCEFHEKAMKGMEYIDEH~CLCAHAMEKAMKBMB~GIEKAHEK
MPCYMEJKECFPH\MEKAMKYGIwMFIE
ef @YICIKHIKPD{CID}GCIKVKTMGZPDFHEKMKGMEYIEFHEJKECEFMBHEK
AMKBMLxIGCHK{IDFDPHKNCEFMBHKAMKNPZMEFMEJKBHDPHCEKAMKPHLCV
AHAM
ef M{PGEIEKPBHDIEKVKQGMCDHBMDFIEJK{PGEIEJKHYIEFCLHEJK
YILFC{HEKAHK{IBYHDxCHJKIGZHDIZGHBHJKIYIGFPDCAHAMEKAMKFGH~HLxIJK
YGIZGHBHEKAMKAMEMD|IL|CBMDFIKYMEEIHLJK~MDM[{CIES
THGHKH{MEEHGKHEKCD[IGBH\MEKACEYID|MCEKDHKs M~K{IGYIGHFC|HJK
+
ME[IG\IKAMKIYMGH\]IKAMEEMEKYGIZGHBHEKEMKGMEPBMKPHEMKEIBMDFMK
MBK{LC{HGKDIEKLCDEKPMKGMBMFMBKGEKDI|HEKY}ZCDHESKIKMDFHDFIJK
HKECBYLC{CAHAMKAMKPBHKCDFGHDMFKFMGBCDHKHSKTGIwMFHGKMKCBYLHDFHGK
PBHKGMAMKAMEEMKFCYIKKPBHKFHGM[HK{IBYLMHKMKMCZMKHKYGMEMD\HK
3
FHBHDxIKAHKCDFGHDMFJKEPHKAC|MGECAHAMKAMK[PD\MEKMKHKPHDFCAHAMKAMK
CD[IGBH\MEKDMLHKHGBHMDHAHES
@KCDFGHDMFKK~HEMHAHKMBKPHFGIK{ID{MCFIE,
ef OIDM{FC|CAHAMKVK@K~HEMKAMK{IDM]IKAIEK{IBYPFHAIGMEKLCV
ZHAIEKHFGH|EKAMKPBHKGMAMJKMKPMKYIAMBKFGHDE[MGCGKPHLPMGKFCYIKAMK
CD[IGBH\]IKACZCFHLKMDFGMKEC
ef MFMGIZMDMCAHAMKVKC[MGMDFMEKFCYIEKAMK{IBYPFHAIGMEKMK
ECEFMBHEKIYMGH{CIDHCEKYIAMBKEMGK{IDM{FHAIEKAMK[IGBHKFGHDEYHGMDV
FM
ef H|MZH\]IKVKKYIEE|MLKYHEEHGKAMKPBKAI{PBMDFIKHKIPFGIK
HFGH|EKAMKGM[MGD{CHEKIPK|D{PLIEKAMKxCYMGFMFIJKPMK[H{CLCFHBKIK
H{MEEIKD]IKLCDMHGKHIEKAI{PBMDFIE
ef XM{P\]IKCEFGC~PAHKVKMFMGBCDHAHEKFHGM[HEKAMKH{MEEIK
IPKBHDCYPLH\]IKDHKCDFGHDMFKEUKYIAMBKI{IGGMGKZGH\HEKGKMM{P\]IKAMK
YGIZGHBHEKHYLC{HFC|IEJKPMKYIAMBKMEFHGKDIKEMG|CAIGJKIPKDIEKBC{GIV
{IBYPFHAIGMEKPMKH{MEEHBKHKGMAMKFHB~BK{xHBHAIEKAMK{LCMDFMEJK
AHKEPGZCPKGKMYGMEE]IKPMK{HGH{FMGCHKHKHGPCFMFPGHKAHKCDFGHDMF,K
{LCMDFMVEMG|CAIGSK@K|HDFHZMBKAHKCDFGHDMFKKPMKMEEMEKYGIZGHBHEK
+ ;
MFMGBCDHAHEKLCDZPHZMDEJK{IBIKH|HJKHEEPBCGHBKZGHDAMKCBYIGV
FD{CHKDIKAMEMD|IL|CBMDFIKAMKEI[FtHGMEKHYLC{HFC|IEKPMKI~MAM\HBK
HIEKFGEK{ID{MCFIEKHDFMGCIGMES
05t55
HEC{HBMDFMKHKBIDFHZMBKAMKPBHKCDFGHDMFK{IDECEFMKMBKPEHGKHEK
MEFGPFPGHEKAMKGMAMEKLI{HCEKMCEFMDFMEKDHKBHCIGCHKAHEKMBYGMEHEJKMKMBK
CDEFHLHGKPBKEMG|CAIGKs M~S


NMG|CAIGKs M~KVKKHKB}PCDHKPMK[HKIKYHYMLKAMKGMYIECFUGCIKAHEK
CD[IGBH\MEK{IDFCAHEKDHKCDFGHDMFSKKL}KPMKIEK{LCMDFMEK|]IK~PE{HGK
HEKY}ZCDHEKQ JKBMDEHZMDEKAMKMVBHCLKIPKPHLPMGKIPFGIKFCYIKAMK
HGPC|IS
TGIFI{ILIEKVKN]IKIEKAC[MGMDFMEKCACIBHEKAMK{IBPDC{H\]IK
PFCLCHAIESKrKEMG|CAIGKAM|MKH~GCZHGKPHFGIKYGIFI{ILIESKrKYGCBMCGIK
KIKQQTJKGMEYIDE}|MLKYMLHK{IBPDC{H\]IKAIK~GItEMGK{IBKIK
EMG|CAIGJKMBKEMZPCAHK|MBKIKN QTKLCZHAIKHIKMD|CIKAMKBMDEHZMDEK
YMLIKMVBHCLJKMKIKQTKPEHAIKDHKFGHDE[MGD{CHKAMKHGPC|IESK
RDAMYMDAMDFMBMDFMKAHEKHYLC{H\MEKPFCLCHAHEKDHKCDFGHDMFJKFIAHEKHEK
B}PCDHEKDMLHKLCZHAHEKAM|MBK[HLHGKPBKCACIBHK{IBPB,KIKQOTMRTJK
YGIFI{ILIKAHKRDFMGDMFS
+:3^
IEKYGIFI{ILIEJKIKECEFMBHKw}KEH~MKIDAMKH{xHGKHEKCD[IGBH\MEKMK{IBIK
GMPCECF}VLHESKHLFHKHYMDHEKEH~MGKIKDIBMKAMKPMBKYMAMKMKAMKPMBK
/Y:
kk
HFGC~PCKDIBMKGEKMEFH\MEK{LCMDFMES
XEFH\MEKAHKMAMKVKHEKMEFH\MEKAHKGMAMJKIEK[PD{CID}GCIEK
H{MEEHBKHEKCD[IGBH\MEK{ILI{HAHEKGKEPHKACEYIEC\]IKDIKEMG|CAIGSK
THGHKCEEIKPEHBKIKs M~K~GItEMGJKEI[FtHGMKPMKYMGBCFMK[ILxMHGKIEK
AI{PBMDFIES
0754t55t55
HK|MGAHAMKHEKAC[MGMD\HEKMDFGMKPBHKCDFGHDMFKMKHKRDFMGDMFJKK
PBHKPMEF]IKAMKEMBDFC{HKMKAMKME{HLHSK@B~HEKPFCLCHBKHEKBMEBHEK
F{DC{HEKMK[MGGHBMDFHEJKIEKBMEBIEKYGIFI{ILIEKAMKGMAMKMKIEKBMEBIEK
+
ACEYID|MLKMBKME{HLHKBPDACHLKMKCD{LPCKFPAIJKAMEAMKPBHKxIBMVYHZMK
AMKHLZPBK{IBKEMCEKHDIEKAMKCAHAMKHFKHEKYGM|CEMEKAIKFMBYISK@K
BHCIGKYHGFMKAIEKAHAIEKAMKPBHKMBYGMEHKD]IKEMKAMEFCDHKHIK{IDEPBIK
MFMGDIJKDHK|MGAHAMJKHLZPDEKAHAIEJKFHCEK{IBIKHEK{C[GHEKAHEK|MDAHEJK
{LCMDFMEKMK{IGGMEYIDAD{CHEKLMZHCEJKAM|MBKEMGKYGIFMZCAIEK{IBK
{PCAHAISKXJKAIKYIDFIKAMK|CEFHKAHKME{HLHJKHKRDFMGDMFKKZLI~HLJKPBHK
CDFGHDMFKMEF}K{IDFCAHKAMDFGIKAMKPBKYMPMDIKZGPYIJKAMYHGFHBMDFIK
IPKIGZHDCH\]IK{IGYIGHFC|HSKIKMFGMBIJKx}KPBHKCDFGHDMFKZLI~HLJK
BHEKMLHKHCDAHK{IDEMG|HKHKDHFPGMHKYGC|HAHKAMKPBHKRDFMGDMFKBMDIGS
 0+
EMGMBKPBHKBCEFPGHK{HUFC{HKAMKCD[IGBH\MEKFMCEKMKCGGMLM|HDFMEJKIK
BMFMUGC{IKHPBMDFIKAHKYIYPLHGCAHAMKAMKECFMEKAHKs M~KAMAC{HAIEKHK
DAC{MEKMKBM{HDCEBIEKAMK~PE{HKKPBHKBMACAHKAHKDM{MEECAHAMKAMK
PBHKH~IGAHZMBKIGZHDCHAHSKBHKCDFGHDMFKHYGI|MCFHKHKPFCLCAHAMKAHK
RDFMGDMFKMKAHKs M~KDPBKHB~CMDFMK{IDFGILHAIKMKEMZPGIS

W++
CD[IGBH\]I
W8
MKPEHG
W+[.
W+
WK+
W +
CD[IGBH\]I
WK+++
ECEFMBHE
W:++
WK++
WK+
WK+++
WK+
W
@LZPDEKAIEKMBYM{CLxIEKE]I,
W+^+
D]IKE]IKF]IKYIAMGIEIEKPHDFIKIEKI[MGM{CAIEKYMLIEKYGIZGHBHEKYHGHK
7
HYLC{HFC|IEKEMYHGHAIEJK{IBIKMVBHCLKMKEMG|CAIGMEKs M~JKMBK|MKAMK

YHGHKZGPYIKAMKFGH~HLxI
WY-Z^k
AMK[MGGHBMDFHEKYHGHK{IDM{FHGKPBKEMG|CAIGKs M~KHK~HD{IEKAMKAHAIEK
IPKIPFGIEKHYLC{HFC|IEK~H{VMDASK@EKCDFGHDMFEKMCZMBKPBHKGMAMK
QOTMRTJKHIK{IDFG}GCIKAMKIPFGHEKEILP\MEKAMKEI[FtHGMKYHGHKZGPYIKAMK
FGH~HLxIKPMK[PD{CIDHBK{IBKIEKYGIFI{ILIEKAMKFGHDEBCEE]IKAMKGMAMEK
LI{HLKMCEFMDFME
WK+3+
HYGMEMDFHBKDMDxPBHKGMYLC{H\]IKMB~PFCAHKYHGHKPEP}GCIEKGMBIFIESK
ka .-+
{LCMDFMMEMG|CAIGS
OIBIKHKRDFGHDMFKKLCZHAHKGKRDFMGDMF

52565254t55
@LZPDEKAIEK~MDM[{CIEKE]I,
WK+++
EI[FtHGMJKMVBHCLKMKYGI{MEEHBMDFIKAMKYMACAIE
WK+
FMLM[qDC{I
Wa 
MKAMKBHGMFCDZ
Wa 
W
W8
WZ
GM|MDAHE


2544t55
QGEKFM{DILIZCHEK[IGDM{MBKEMZPGHD\HKHIKHGBHMDHBMDFIKMKGK
FGI{HKAMKAHAIEKMBKPBHKGMAM,KHPFMDFC{H\]IJK{IDFGILMKAMKH{MEEIKMK


+^7
PEP}GCIKKGMHLBMDFMKPMBKHLMZHKEMGSKrEKAI{PBMDFIEKMKAHAIEKYIAMBK
EMGKYGIFMZCAIEKHFGH|EKAHKEILC{CFH\]IKAMKPBHK{IB~CDH\]IKAMKDIBMK
+
IPKAMKHB~HESKrEKPEP}GCIEKHPFMDFC{HAIEKFBKIKH{MEEIKHPFIGCHAIKIPK

@OK@{{MEEKOIDFGILKCEFKBHDFCAHKDIKEMG|CAIGKs M~
^7+
PMKYIAMKEMGKLCAIKYIGKHLZPBKPMKFMDxHKPBHK{xH|MKEM{GMFHKAMK
8
YHGHKHKEMZPGHD\HKAMKFGHDEH\MEKs M~KKHKFM{DILIZCHKAMK{xH|MKY~LC{HJK
PMK{IDEFCFPCKHK~HEMKAIKQQTNKVKPBKYGIFI{ILIKs M~KEMZPGI
CGMtHLLKVKI{KYIAMKYGIYIG{CIDHGKPBHK{IBPDC{H\]IKEMZPGHK
MDFGMKPBHKCDFGHDMFKMKHKRDFMGDMFKHFGH|EKAMKEMG|CAIGMEKYGIJKPMK
++
HKFGHDEBCEE]IKAMKYH{IFMEK{IBK~HEMKDIKEMG|C\IKPMKMEF}KEMDAIK
EILC{CFHAISKBKYGIKQQTJKYIGKMMBYLIJKYIAMKYMGBCFCGKPMK
DH|MZHAIGMEKs M~EKCDFMGDIEKAHKMBYGMEHKH{MEEMBKEMG|CAIGMEKs M~K
MFMGDIEJKBHEKD]IKIK{IDFG}GCIS
76714I40?74254
rEKACEYIECFC|IEKYHGHKHKGMHLCH\]IKAMK{UYCHEKAMKEMZPGHD\HKAIEK
EMG|CAIGMEK{IDEFCFPMBKPBHKAHEKYM\HEKAMKMEYM{CHLKCBYIGFD{CHSKTIGK
MMBYLIJKPDCAHAMEKAMKACE{IKGMBI||MCEK{IBKZGHDAMK{HYH{CAHAMKAMK
HGBHMDHBMDFIJKFHYMESSS
PMGMBIEKHCDAHKGM[MGCGKPMKYHGHKIK[PD{CIDHBMDFIKAMKPBHK

GMAMKLCDMHGJKGMAMKMBKMEFGMLHJKGMAMKMBKHDMLJKGMAMKMBK}G|IGMJKGMAMK
MBKBHLxHK JKBFIAIEKAMKH{MEEIJKFCYIEKAMK{H~IEJKYGIFI{ILIEKAMK
{IBPDC{H\]IJK|MLI{CAHAMKAMKFGHDEBCEE]IK
1007=16757?09=16
4?

rK{IGGMCIKMLMFGqDC{IKEMKYHGM{MKBPCFIK{IBKIK{IGGMCIKFGHAC{CIDHLSK
QIAIKPEP}GCIKFMBKPBKMDAMGM\IKYGUYGCIKMKPBHK{HCHKYIEFHLJKIK
{HGFMCGIKKHKRDFMGDMFSKI{KME{GM|MKEPHKBMDEHZMBJKACKYGHKPMBK
PMKBHDAHGKMKHKRDFMGDMFK{PCAHKAIKGMEFISK HEKYIGKPMKIKMVBHCLKEMK
YIYPLHGCIPKF]IKAMYGMEEHvK@KYGCBMCGHK{ICEHKKYMLIK{PEFISKI{KD]IK
YHZHKDHAHKYIGKPBHK{IBPDC{H\]IK|CHKMVBHCLJKHYMDHEKIEK{PEFIEKAMK
{IDM]IK{IBKHKRDFMGDMFSKrPFGIK[HFIGKKHKGHYCAMJKMDPHDFIKIK{IGGMCIK
FGHAC{CIDHLKLM|HGCHKACHEKYHGHKMDFGMZHGKPBHKBMDEHZMBJKIKMLMFGqDC{IK
[HKCEEIKPHEMKPMKCDEFHDFHDMHBMDFMKMKD]IKPFCLCHKYHYMLSKTIGKPLFCBIJK
HKBMDEHZMBK|HCKACGMFIKHIKAMEFCDHF}GCIJKD]IKYGM{CEHKYHEEHKAMKB]IV
^+
YIEFHLKIDAMKEIBMDFMKIKAIDIKFMBKH{MEEIKMJKHYMEHGKAMK{HAHKYMEEIHK
FMGKEMPKMDAMGM\IKYGUYGCIJK|I{KYIAMKH{MEEHGKEMPKMVBHCLKAMKPHLPMGK
{IBYPFHAIGK{IDM{FHAIKGKRDFMGDMFS
MBJKIKMVBHCLKBME{LIPKHK[H{CLCAHAMKAMKPEIKAIK{IGGMCIK
{ID|MD{CIDHLK{IBKHK|MLI{CAHAMKAIKFMLM[IDMJKEMKFIGDHDAIKPBKAIEK
BMLxIGMEKMKBHCEKPFCLCHAIKBMCIKAMK{IBPDC{H\]IS
5514441
K
OIBIKDIKYGCBMCGIKMVBHCLK{GCHAIKYIGKQIBLCDEIDJKFIAIEKIEK
MDAMGM\IEKMLMFGqDC{IEKEMZPMBKPBHKMEFGPFPGHKYHAG]IJKDIBMKAIK
PEP}GCIKjK KjKxIEFJKIDAM,
KIBMKAIKEP}GCIKKKIKDIBMKAMKLIZCDKME{ILxCAIKYMLIKPEP}GCIK
DHKxIGHKAMK[HMGKEMPKMVBHCLSKXMBYLI,KEMGZCIAM{HEFGIS
^QIBLCDEIDJKPMKEMYHGHKIKDIBMK
AIKPEP}GCIKAIKEMPKYGI|MAIGS
KIEFKKKIKDIBMKAIKYGI|MAIGKIDAMK[ICK{GCHAIKIKMDAMGM\IK
MLMFGqDC{ISKXMBYLI,K{LC{vS{IBS~GKS
KTGI|MAIGKKKIKxIEFJKPBK{IBYPFHAIGKAMAC{HAIKHIKEMG|C\IKvLK
xIGHEKYIGKACHS
MwHBIEKPBKMMBYLIKGMHL,KEMGZCIAM{HEFGI {LC{vS{IBS~G
@K{HCHKYIEFHLKK{IBYIEFHKYMLIEKEMZPCDFMEKCFMDE,

ICKMBKzuKPMKFPAIK{IBM\IPKDHKGMHLCAHAMK{IBM\IPKHDFMEJK
{IBKYMEPCEHEJK{IBKPBKMDZMDxMCGIKAMK{IBYPFH\]IKAHKK
ILFKMGHDMKMKMtBHDJK{xHBHAIKHKQIBLCDEIDSKFCLCHDAIK
PBKYGIZGHBHK{xHBHAIKN NWJKH~GM|CH\]IKAIKCDZLEKNMDAK
MEEHZMJKMKIKMHA HCLJKHK{IDEMZPCPKMD|CHGKBMDEHZMBKAMK
PBK{IBYPFHAIGKYHGHKIPFGISKMYICEKAMKHLZPDEKFMEFMEKBHDAHDAIK
BMDEHZMDEKYHGHKMLMKBMEBIJKHKFCDxHK{GCHAIKIKBHCIGKMKBHCEK
PFCLCHAIKBMCIKAMK{IBPDC{H\]IKAHKRDFMGDMFJKIK{IGGMCIKMLMFGqDC{IK
AIKCDZLEKMLMFGIDC{KBHCLKIPKECBYLMEBMDFMK{IBIKFIAIEK{IDxM{MBK
MVBHCLS
rKEB~ILIK K[ICKPFCLCHAIKYIGKQIBLCDEIDKYHGHKEMYHGHGKIKDIBMK
AIK{IBYPFHAIGKAIKDIBMKAIKPEP}GCIJKMEFHK{ID|MD\]IKKPFCLCHAHK
HFKxIwMSKOIBIKD]IKYIAMGCHKAMCHGKAMKEMGJKIKYGCBMCGIKMDAMGM\IK
AMKMVBHCLK[ICK{GCHAIKYIGKQIBLCDEIDJKFIBLCDEID ~~DVFMDMHSKrK
EF
HLZIK{IBI,KIKMDAMGM\IKFIBLCDEIDKMEF}KDIK{IBYPFHAIGK~~DVFMDMHS
PGHDFMKPBK~IBKFMBYIJKIKMVBHCLK[ICKPEHAIJKPHEMKPMK
M{LPEC|HBMDFMJKYIGKYMEPCEHAIGMEKAHK}GMHKAMK{IBYPFH\]IKMK
BCLCFHGMESKICK{IBKIKAMEMD|IL|CBMDFIKMKIKHPBMDFIKAMKPEP}GCIEKAHK
RDFMGDMFJKPMKIKMVBHCLKEMKYIYPLHGCIPKMKYHEEIPKHKEMGKHKHYLC{H\]IK
BHCEKPFCLCHAHKDHKCDFMGDMFSKIwMJKHFKBMEBIKYMEEIHEKPMKPEHBKHK
RDFMGDMFKBPCFIKYIP{IJKFMBKPBKMVBHCLS


3
GM{M~CAHES
KOHCHKAMKNHAHKK@GBHMDHKHEKBMDEHZMDEKHCDAHKD]IK
MD|CHAHES
3^3^
[IGHBKMD|CHAIES
KHE{PDxIKKWPHGAHKHEKBMDEHZMDEKPMK|I{KHCDAHKD]IK
FMGBCDIPKAMKGMACZCGS
KCMCGHKK@GBHMDHKHEKBMDEHZMDEKM{LPAHES
@IKGMACZCGKBMDEHZMBJKIEKEMZPCDFMEK{HBYIEKMEF]IKYGMEMDFME,
KTHGHKKKIK{HBYIKIDAMKEMG}KCDEMGCAIKIKMDAMGM\IKAIK
AMEFCDHF}GCIS
KO{KKMEFMK{HBYIKKPFCLCHAIKYHGHKBHDAHGK{UYCHEKAHKBMEBHK
BMDEHZMBJKHIKPEHGKMEFMK{HBYIKIEKMDAMGM\IEKHYHGM{MG]IKYHGHKFIAIEK
IEKAMEFCDHF}GCIES
KO{IKKEPHK[PD{CIDHLCAHAMKKCZPHLKHIK{HBYIKHDFMGCIGJKDIK
MDFHDFIKIEKMDAMGM\IEKEUKHYHGM{MG]IKYHGHKIEKGMEYM{FC|IEKAIDIES
K@EEPDFIKK{HBYIKAMEFCDHAIKHIKHEEPDFIKAHKBMDEHZMBS
K@ DMIEKKE]IKAHAIEKPMKE]IKHDMHAIEKGKBMDEHZMBKCBHZMDEJK
YGIZGHBHEJKBEC{HJKHGPC|IEKAMKFMFIJKMF{SS


KOIGYIKAHK MDEHZMBKKMEYH\IKIDAMKEMG}KGMACZCAHKHK
BMDEHZMBS
@LZPDEKDIBMEKYIAMBKBPAHGKAMKEMG|CAIGKYHGHKEMG|CAIGJKYIGBK
GMYGMEMDFHDAIKHEKBMEBHEK[PD\MESK@LBKAIEKAMEFMEK{HBYIEKFMBK
HCDAHKIEK~IFMEKYHGHKXR@JKXO@ R@KMKXORKHEK
BMDEHZMDEJKMEFMK~IFMEK~MBK{IBIKEPHEK[PD{CIDHLCAHAMEK|MGMBIEK
MBKAMFHLxMEJKBHCEKHK[GMDFMS
THGHKGM{M~MGKEMPEKMVBHCLEK|I{KD]IKYGM{CEHKMEF}K{IDM{FHAIK
GKRDFMGDMFJKYICEKIKMVBHCLK[PD{CIDHK{IBKYGI|MAIGMESK MEBIK|I{K
D]IKMEFHAIK{IBKEMPK{IBYPFHAIGKLCZHAIJKEMPEKMVBHCLKE]IKGM{M~CAIEK
MKHGBHMDHAIEKDHKEPHK{HCHKYIEFHLJKLI{HLCHAHKDIKEMPKYGI|MAIGSK
PHDAIK|I{KH{MEEHKEPHK{HCHKYIEFHLJKYIAMKLMGKEMPEKMVBHCLKIDV
LCDMKACGMFHBMDFMKDHKRDFMGDMFJKYMLIKs M~ HCLKIPK~HCHGKFIAIEKYHGHK
EMPK{IBYPFHAIGKHFGH|EKAMKYGIZGHBHEKAMK{IGGMCIKMLMFGqDC{ISKBK
YGIZGHBHKBPCFIK{IDxM{CAIKKIKrPFLIIKXYGMEEJKIKPHLKAMFHLxHGK
BHCEKHK[GMDFMS
^
PHLPMGKYMEEIHKPMKEIP~MGKMEEMKMDAMGM\IJKYIAMKMD|CHGKBMDEHZMDEK
YHGHK|I{SKQHB~BKKYIEE|MLKMD|CHGKBMDEHZMDEKYHGHK|}GCHEK
YMEEIHEKHIKBMEBIKFMBYIJKYHGHKCEFIK~HEFHKPEHGKIEK{HBYIEKO{KMK
O{IKAME{GCFIEKH{CBHS
@FPHLBMDFMJKAM|CAIKHKZGHDAMK[H{CLCAHAMKAMKPEIJKHKBHCIGCHK
AHEKYMEEIHEKH{MEEHKEMPKMVBHCLKACGMFHBMDFMKDHKRDFMGDMFKHFGH|EK
AIKDH|MZHAIGSKXEFMKFCYIKAMK{IGGMCIKK{xHBHAIKAMKs M~ HCLSKrK
s M~ HCLKKGMEYIDE}|MLKYMLHKZGHDAMKYIYPLHGCH\]IKAIKMVBHCLJKYICEK
BMEBIKHEKYMEEIHEKPMKD]IKFMBK{IBYPFHAIGJKYIAMBKH{MEEHGKEPHK
{HCHKYIEFHLKAMKPHLPMGKLPZHGKPBK{~MGJK{HEHKAMKPBKHBCZIJKMF{SSK
THGHKFMGKPBKMDAMGM\IKMLMFGqDC{IK~HEFHKPMGMGKMKH{MEEHGKHKRDFMGDMFJK
K{LHGISKXCEFMKPHEMKPMKPBHKZPMGGHKYIGKPEP}GCIESKrEKYGI|MAIGMEJK
FHB~BJKACEYPFHBKPMBKI[MGM{MKBHCIGKMEYH\IKMBKEPHEK{HCHEK
YIEFHCESK}KYIP{IKFMBYIKMD{IDFGHGKPBKMVBHCLK{IBKBHCEKAMKyK
~JKZG}FCEJKD]IKMGHK[}{CLSKMB~GIKPMJKPHDAIKHKXB~GHFMLKI[MGM{MPK
IKOLC{vK{IBKyK ~JKH{xMCKPMKMGHKBPCFIKMEYH\IJKBHEKLIZIKIK
CMEFKI[MGM{MPKvyK ~KMKD]IKYHGIPKYIGKHCJKHKZPMGGHK{IDFCDPIK
{PLBCDHDAIK{IBKIKHDD{CIKAMKPMKIKWIIZLMKCGCHKI[MGM{MGKKW~K
yvLK ~SK@KPLFCBHK{HBYHDxHKAIKW HCLJKMVBHCLKAIKWIIZLMJKK
AMKHPBMDFHGKEPHK{HCHKYIEFHLK{IDEFHDFMBMDFMJKHKPLFCBHK|MKPMK
H{MEEMCKMEFH|HKMBKvAAK ~S
s M~ HCL
rKs M~ HCLJK{IBIKAME{GCFIKH{CBHJKKPBHKHYLC{H\]IKH{MEEHAHK
ACGMFHBMDFMKDHKRDFMGDMFJKEMBKHKDM{MEECAHAMKAMKPEHGKYGIZGHBHK
AMK{IGGMCIKMLMFGqDC{ISKTGHFC{HBMDFMKFIAIEKIEKMVBHCLEKYIEEPMBK
HYLC{H\MEKYHGHKH{MEEIKACGMFIKDHKRDFMGDMFSKKZGHDAMKIKDBMGIKAMK
YGI|MAIGMEKPMKI[MGM{MBK{IGGMCIKMLMFGqDC{IKZGHFPCFHBMDFMJKLIZIK
H~HCIKEMZPMKPBHKLCEFHKAIEKBHCEKYIYPLHGMES
KIFBHCLKKxFFY,MMtttSxIFBHCLS{IB
KW HCLKKxFFY,MMtttSZBHCLS{IB
KCMEFK HCLKKxFFY,MMtttSC~MEFBHCLS{IBS~G
KCWK HCLKKxFFY,MMtttSCZS{IBS~G
KHxIIKKxFFY,MMtttSHxIIS{IBS~G
KOLC{vKKxFFY,MMtttS{LC{vS{IBS~G
THGHK{GCHGKEMPKMVBHCLK~HEFHK|CECFHGKIKMDAMGM\IKH{CBHKMKEMZPCGK
HEKCDEFGP\MEKAIKECFMSKrPFGIKCBYIGFHDFMK[HFIGKHKEMGKI~EMG|HAIK
KIKFHBHDxIKB}CBIKYMGBCFCAIKYIGKHDMIJKMEFMK[ICKIPFGIK[HFIGK
PMKHPBMDFIPKBPCFIKAMKFHBHDxIJKx}KYIP{IKFMBYIKHKBHCIGCHK
6

AIEKYGI|MAIGMEKYMGBCFCHBKMBKFIGDIKAMKvK ~JKBHEKHFPHLBMDFMK
HKBHCIGCHKw}KI[MGM{MBKMBKBACHKyK ~SKKTIGBKFMBKHLZPDEK
BHCEKZMDMGIEIEKPMK{xMZHBKHKI[MGM{MGKBHCEKPMKCEEIJKKIK{HEIK
AIKOLC{vKPMKI[MGM{MKvK ~JK{LHGIKPMKMEEHEKLCBCFH\MEKE]IK
^
PHDAIKYHZHBIEKIK~ILEIKKPMBKBHDAHSK@LBKAMK{HCHKYIEFHLKIEK
YGI|MAIGMEK{IEFPBHBKI[MGM{MGKEMG|C\IEKAMKHZMDAHKMK{IDFHFIESK@K
^
. a +9+
{HAHKPBKME{ILxMGKIKEMPJKIPKHFKBMEBIKIEKEMPEJKMPJKYIGKMMBYLIJK
YGI{PGIKHPMLMEKPMKI[MGM{MBKPBHKCDFMG[H{MK{IBKIKBMDIGK
YGIYHZHDAHKYIEE|MLS
KOGCHDAIKEMPKMVBHCL
HMGKEPHK{IDFHKAMKMVBHCLKKPBHKFHGM[HKMFGMBHBMDFMKECBYLMEJK
MPKME{ILxCKIKCMEF HCLJKYICEKHKCDFMG[H{MKAMEFMKs M~ HCLKD]IKFMBK
YGIYHZHDAHEKMKCEEIKHwPAHGKBPCFIKIEKMDFMDACBMDFIEJKDIKMDFHDFIK|I{K
YIAMKH{MEEHGKPHLPMGKAIEKMDAMGM\IEKCD[IGBHAIEKH{CBHKIPKHCDAHK
PHLPMGKIPFGIKPMK|I{K{IDxM\HSKrKYGI{MEEIKAMK{HAHEFGIKKBPCFIK
ECBYLMEJK~HEFHKYGMMD{xMGKPBK[IGBPL}GCIKMKAMYICEK|I{KFMG}KEPHK
{IDFHKAMKMVBHCLKYGIDFHKYHGHKEMGKPEHAHSK@LZPDEKYGI|MAIGMEKMCZMBK
OTKYHGHKIK{HAHEFGIJKIKCMEFKMKIKCWKE]IKMMBYLIEJKw}KIPFGIEK|I{K
CD[IGBHKHYMDHEKAHAIEKYMEEIHCEJKIKHxIIKMKIKWBHCLKE]IKMMBYLIEJK
MEFMKLFCBIKKYGM{CEIKFMGKPBK{ID|CFMS
HBIEKHIEKYHEEIE,
SK@{MEEMKHKYHZCDHKAIKYGI|MAIGKtttSC~MEFBHCLS{IBS~GKIPK

vSKOLCPMKDIK~IF]IKO@@NQXVNXKJJKEMG}KH~MGFIKPBK
[IGBPL}GCIJKYGMMD{xHVIKI~EMG|HDAIKFIAIEKIEK{HBYIESKrEK{HBYIEK
AIK[IGBPL}GCIKFBKEPHEKYHGFC{PLHGCAHAMEKAMKYGI|MAIGKYHGHKYGI|MAIGJK
DIKMDFHDFIKFIAIEKFGHMBKHKBMEBHKCAMCHJK{ILxMGKCD[IGBH\MEKAIK
PEP}GCISK PHDAIK|I{KMEFC|MGKYGMMD{xMDAIKIK[IGBPL}GCIK|HCK

DMEFMK{HBYIK|I{KCD[IGBHKIKDIBMKAMKPEP}GCISKXEFMKEMG}KHKYGCBMCGHK
YHGFMKAIKEMPKMVBHCLKMKKCZPHLKHKMEFMKMBKPHLPMGK{HAHEFGIJKDIK
MMBYLIKFMBIEK C~MEFS{IBS~GSK@KwPD\]IKAIKDIBMKAMKPEP}GCIK
{IBKIKDIBMKAIKYGI|MAIGKKPMKEMG}KEMPKMDAMGM\IKMLMFGqDC{ISKIK
/
SK@YUEKYGMMD{xMGKFIAIKIK[IGBPL}GCIK{LCPMKDIK~IF]IK@{MCFIJK
YGIDFIKEMPK{HAHEFGIKMEFHG}KM[MFC|HAIS
TMLIK[HFIKAMKEMGKZGHFPCFIKMKFMGKBPCFIEKPEP}GCIEKK{IBPBKPMK
BPCFIEKDIBMEKw}KFMDxHBKECAIK{HAHEFGHAIEKYIGKIPFGIEKPEP}GCIEJKDMEFMK
{HEIKEMG}KMC~CAHKPBHKBMDEHZMBKLxMKCD[IGBHDAIKAIKYGI~LMBHSK
REEIKH{IDFM{MKYIGPMKAMDFGIKAMKPBKBMEBIKYGI|MAIGKD]IKYIAMKFMGK
AICEKDIBMEKAMKPEP}GCIEKCZPHCESK@KEILP\]IKKYGI{PGHGKIPFGIKDIBMK
PMKHCDAHKMEFMwHKLC|GMJKHLZPDEKYGI|MAIGMEKBIEFGHBKEPZMEFMEK
{IBI,KEMPDIBMvyyKEMPDIBMvJKMF{SKNMKI{IGGMGKCEEIK{IBK|I{KIK
PMKK~MBKYGI|}|MLKPMKH{IDFM{MG}KME{ILxHKPBHKAHEKEPZMEFMEKIPK
+
{HAHEFGIKPMKEMPKMVBHCLK|HCKMEF}KYGIDFIKYHGHKEMGKPEHAIS
KXDFMDAMDAIKHKRDFMG[H{MKAIKs M~ HCL
^
DIEKLCZHKAIKBPDAIKMFMGDIKHIEK{IBHDAIEKAIKYGIZGHBHSKHBIEK

H~HCISKXEFMEK{IDxM{CBMDFIEK|]IKLxMKEMG|CGKYHGHKPHLPMGK
s M~ HCLKPMK|I{KFC|MGKMKFHB~BKYHGHKIKrPFLIIKXYGMEEKPMKK
PBKYGIZGHBHKAMKZMGMD{CHBMDFIKAMKMVBHCLES
@ZPBHEKAHEKIY\MEKPMKMD{IDFGHBIEKDHKBHCIGCHKAIEK
tM~BHCLEKAME{GM|MGMBIEKHKEMZPCGK,


SKOxMZIPKMVBHCLvKKXEFMK~IF]IKEMG|MKYHGHKHFPHLCHGKEPHK{HCHK

vSKXE{GM|MGKK@IK{LC{HGKDMEFMK~IF]IKHKwHDMLHKAMKMAC\]IKAMK
MVBHCLKEMG}KH~MGFHSK@KwHDMLHKAMKMAC\]IKKIKMEYH\IKDIKPHLK|I{K|HCK
GMACZCGJKGMEYIDAMGKMKMD{HBCDxHGKBMDEHZMDESKNMBMLxHDFMKGK[PD\]IK
DI|IKMVBHCLKAIKrPFLIIS
SKOIDFHFIEKK@~GMKHKEM\]IKAMK{IDFHFIESK@PCKIEKEMPEK
MDAMGM\IEKAMKMVBHCLKE]IKYGM|CHBMDFMKZPHGAHAIEKYHGHKPFCLCH\]IK
[PFPGHJKDMEFHKEM\]IKFHB~BKKYIEE|MLK{GCHGKZGPYIEKYHGHK[H{CLCFHGKIK
ZMGMD{CHBMDFIKAIEKEMPEK{IDFHFIES
3+9
00Y0
/
MVBHCLKYIGKY}ZCDHJKHEECDHFPGHJKGMEYIEFHKHPFIB}FC{HJKMF{S
SK@wPAHKK@~GMJKMBKIPFGHKwHDMLHKAIKDH|MZHAIGJKPBHKEM\]IK
{IBK|}GCIEKFUYC{IEKAMKHwPAHS
ASKNHCGKKXEFMK~IF]IKKBPCFIKCBYIGFHDFMJKYICEKKHFGH|EKAMLMKPMK
|I{K|HCK[M{xHGKEPHK{HCHKYIEFHLJKBPCFIKGM{IBMDAHAIKPHDAIKIKPEIK
AMKEMPKMVBHCLKI{IGGMGKMBK{IBYPFHAIGMEKAMKFMG{MCGIES
uSKXEYH\IKKXEFHKEM\]IKKHYMDHEKCD[IGBHFC|HJKMC~MKEMPK
MDAMGM\IKAMKMVBHCLKPHDFCAHAMKFIFHLKAMKEPHK{HCHKYIEFHKYHGFMK

SKNM\]IKHFPHLKK IEFGHKIKDIBMKAHKEM\]IKDHKPHLK|I{KMEF}JKDIK
MMBYLIKHKOHCHKAMKXDFGHAHS
zSKBMGIKAMK MDEHZMDEKKXC~MKIKCDFMG|HLIKAMKBMDEHZMDEK
PMKMEF]IKDHKFMLHKMKFHB~BKIKFIFHLKAHKEM\]IKEMLM{CIDHAHS
ySKOHCHKAMKOIBHDAIEKKMEFMKBMDPKEPEYMDEIKMEF]IKFIAIEK
IEK{IBHDAIEKGMLH{CIDHAIEK{IBKHEKBMDEHZMDEKMC~CAHESKTHGHKPEHGK
MEFMEK{IBHDAIEJKEMLM{CIDMKPBHKIPKBHCEKBMDEHZMDEKIK{IBHDAIK
AMEMwHAIKMK{LCPMKDIK~IF]IKrSKrK~IF]IKLIPMHGJK~LIPMCHK
IKMDAMGM\IKAMKMVBHCLKAHKBMDEHZMBJKFCLKYHGHK~LIPMHGKMVBHCLEK
CDAMEMwHAIESK}KIK~IF]IKOIDFHEKMFMGDHEKH~GMKPBHKEM\]IKYHGHK
^+
HKEPHK{HCHKYIEFHLSKTHGHKIK{IGGMFIK[PD{CIDHBMDFIKAMEFHKIY\]IKK
YGM{CEIKPMKHK{IDFHKHKEMGKH{MEEHAHKFMDxHKEMG|C\IKTrTKMKN QTS
SKCEFHKAMKT}ZCDHEKKXEFMKBMDPKEPEYMDEIKMC~MKHKLCEFHKAMK
Y}ZCDHJKPMKHPBMDFHK{ID[IGBMKHKPHDFCAHAMKAMKMVBHCLEKDHKEM\]ISK
THGHKH{MEEHGKEMLM{CIDMKHKY}ZCDHKAMEMwHAHKMK{LCPMKDIK~IF]IKrSK
MwHKPMKFIAIEKIEK{IBHDAIEKMEF]IKACEYID|MCEKFHB~BKDHKYHGFMK
CD[MGCIGJKCEFIKYHGHK[H{CLCFHGKIKPEIKAMKEPHK{HCHKYIEFHLS
vSKTHEFHEKAIKNCEFMBHKKXC~MKHEKYHEFHEKYHAGMEKAMKPBK{IGGMCIK
MLMFGqDC{ISKOHCHKAMKXDFGHAHK MDEHZMDEKXD|CHAHEKHE{PDxIKMK
CMCGHSKBKAMFHLxMKCBYIGFHDFMKKIKMEFCLIKAIKDIBMJKPHDAIKMEF}K

PHDAIKMEF]IKMBKDMZGCFIJKH{PEHBKPMKx}KPBHKIPKBHCEKBMDEHZMDEK
PMKD]IK[IGHBKLCAHEJKIKDBMGIKMDFGMKYHGDFMEMKCDAC{HKHKPHDFCAHAMSK
XEFMKAMFHLxMK[PD{CIDHKYHGHKFIAHEKHEKYHEFHEKMKBMDEHZMDEKAIK{IGGMCIS
SKTHCDMLKAMKCEPHLCH\]IKKXEYH\IKAMEFCDHAIKHKMC~CGKHEK
BMDEHZMDESKTIGKYHAG]IJKHIKH~GCGKEPHK{HCHKYIEFHLJKKMC~CAIKIK
{IDFMAIKAHKOHCHKAMKXDFGHAHJKBHEKMEFMKYHCDMLKMC~MKFHB~BKHEK
BMDEHZMDEKAHEKAC|MGEHEKYHEFHEKMCEFMDFMEKDHKEPHK{HCHKYIEFHLSK@K
I~EMG|H\]IK[MCFHKDIKCFMBKHDFMGCIGJKEI~GMKDMZGCFIJKFHB~BKK|}LCAHK
YHGHKMEFHKEM\]ISKr~EMG|MKHEK{HCHEKAMKEMLM\]IKLI{HLCHAHEKAIKLHAIK
MEPMGAIKAMK{HAHKBMDEHZMBJKKHFGH|EKAMLHEKPMKHEKBMDEHZMDEKE]IK
EMLM{CIDHAHESK@KEMLM\]IKAMKFIAIEKIEKCFMDEKHIKBMEBIKFMBYIJKFHB~BK
YIAMKEMGK[MCFIKYMLHK{HCHKAMKEMLM\]IKAIKLHAIKMEPMGAIKAIKFFPLIK
AHK{ILPDHKMBMFMDFMSKrKFFPLIKAHEK{ILPDHEJKHLBKAMKDIBM}VLHEJK
++
EF
+
H

LSKWMGMD{CHAIGKAMKTHEFHEKKMEFHKEM\]IKKYIEE|MLKHAC{CIDHGJK
GMDIBMHGKMKHYHZHGKHEKEPHEKYHEFHESK@EKYHEFHEKE]IKPBKBIAIKAMK
IGZHDCHGKEMPK{IDFMAIJKHGBHMDHDAIKEPHEKBMDEHZMDEKYIGKFMBHESK
PHDAIKEMPKMVBHCLKK{GCHAIKD]IKMCEFMBKYHEFHEKDMEFHKEM\]IJKCEEIK
AM|MKEMGK[MCFIKYMLIKPEP}GCIKAMKH{IGAIK{IBKEPHEKDM{MEECAHAMES
SKOIDFHEKXFMGDHEKKXEFMKCFMBKKPBKLCDKPMKH~GCG}KHKEM\]IK
+
IPFGHEK{HCHEKYIEFHCEKACGMFHBMDFMKAHKEPHSKrKYGUCBIKLCDJK{IBIKIK
00+^
MKBHCEKH~HCIKIKLCDKYHGHK~HCHGKPBKYLPZVCDKPMKLxMKYMGBCFMK[HMGK
+33
YGCBMCGIEKLCDEKE]IKIEKBMEBIEKHYGMEMDFHAIEKDIKCFMBKyS

_`hfjgcd`gbjd`UdiaRg`oppq
a 09
{IDxM{CAIKMKPEHAIKDIKBPDAISKXBKEPHKvK|MGE]IKvyyuJKHKEPFMK
AMK[MGGHBMDFHEK{IDFHK{IBKPBHKCDFMG[H{MKFIFHLBMDFMKGMBIAMLHAHK
{IDxM{CAHK{IBIKC~~IDJKHLBKAMKCDBMGIEKDI|IEKGM{PGEIEKMK
BMLxIGCHEKAMKYMG[IGBHD{MKMKEMZPGHD\HSKOGCMKAI{PBMDFIEKAMKFMFIJK
YLHDCLxHEKMLH~IGHAHEKMKHYGMEMDFH\MEKFIFHLBMDFMKCD{GMBMDFHAHE
@K EPCFM 0
[HBIEIEK s IGAK MACFIGK AMK FMFIJK X{MLK MACFIGK AMK YLHD
CLxHEJK TItMGTICDFK HYGMEMDFH\MEJK @{{MEEK ~HD{IK AMK
AHAIEJKrPFLIIKK|CEPHLCHAIGKAMKMVBHCLKMKIGZHDCHAIGKYMEEIHLK
MKTP~LCExMGKMACFIGH\]IKMKACHZGHBH\]IKMLMFGqDC{HS

@KCDEFHLH\]IKKECBYLMEKMK|I{KYIAMKME{ILxMGKPHCEKAIEK
HYLC{HFC|IEK|I{KAMEMwHKCDEFHLHGSKI{KD]IKKI~GCZHAIKHKCDEFHLHGK
FIAIEKIEKYGIZGHBHEJK{HEIKD]IK|}KPEHGKHLZPDEKAMLMEJKIKPMKYMGBCFMK
M{IDIBCHGKMEYH\IKMBKACE{IS
XBKDIEEIEKMEFPAIEJKDIEK[I{HGMBIEKDIEKYGIZGHBHEKBHCEK

 =01612?6 10:6
rKs IGAKvyyuKKPBKYGI{MEEHAIGKAMKFMFIJK{IDEFCFPCDAIKPBHK
YIAMGIEHK[MGGHBMDFHKAMKHPLCIKGKMLH~IGH\]IKAMKAI{PBMDFIESK
OIBKMEFMKHYLC{HFC|IJK|I{KYIAMK{GCHGKPBHKZGHDAMKAC|MGECAHAMK

CBHZMDEJKEIBJK|AMIKMKFMFIKMBK{ILPDHEKMDFGMKBPCFIEKIPFGIES
MEFHKDI|HK|MGE]IJKIKs IGAKEPGZMK{IBKPBHKDI|HKCDFMG[H{MJKMBK
PMKIEKFGHAC{CIDHCEKBMDPEKAMKIY\MEKAMEHYHGM{MBKMKA]IKLPZHGKHK
PBHK[HCHKAMKIY\MEK{IBKAC|MGEHEKZPCHEJKIDAMKYIAMBIEKMD{IDFGHGJK
BHCEK[H{CLBMDFMJKIEK{IBHDAIEKDM{MEE}GCIEKYHGHKMM{PFHGKHEKFHGM[HEK
PMKDIEKYGIYIBIEKGMHLCHGS
^_`d````m

54 4
}K|}GCHEK[IGBHEKAMKH{MEEHGKIKs IGASK@KBHCEKPFCLCHAHKK{LC{HGK
+.a a
/


THGHKHFC|HGKIPKAMEHFC|HGKPBK{IBHDAIJK~HEFHK{LC{HGKEI~GMKMLMS

^_o`j``````m `
IZIK PMK H~GCBIEK IKs IGAJK PBK AI{PBMDFIK K {GCHAIK
HPFIBHFC{HBMDFMK{IBKIKDIBMKAMKI{PBMDFIKJKMKK|CEPHLCHAHK
0

HGGHKAMKQFPLIKK IEFGHKIKFFPLIKAIKYGIZGHBHKMKIKDIBMKAIK
AI{PBMDFIKHGPC|IKPMKMEF}KH~MGFIS

HCHKAMKIY\MEKK@K[HCHKAMKIY\MEKKIKLI{HLKIDAMKMEF]IKIEK
YGCD{CYHCEK{IBHDAIEKAIKs IGAJKEMYHGHAIEKYIGKZPCHE,KKRD{CIJKRDEMGCGJK
HIPFKAHKT}ZCDHJKM[MGD{CHEJKOIGGMEYIDAD{CHEJKM|CE]IKMK
XC~C\]IS

a X+

JKDIK{HDFIK

EPYMGCIGKMEPMGAIJKHYHGM{MG]IK[PD\MEK{IBIKKNHL|HGJKRBYGCBCGKMK
M{xHGKKMDFGMKIPFGHEJKPMKE]IKHEKYGCD{CYHCEKH\MEKAMK{IDFGILMKAHK
wHDMLHKAIKs IGAS

IF]IKHwPAHKK 0
EHL|HKDIK{IBYPFHAIGS
OIDFGILMKAHKwHDMLHKKOIDFGILMEKYHGHKK CDCBCHGKJKK HCBCHGK
K
{ID[IGBMKDM{MEECAHAMKMKKM{xHGKHKwHDMLHS

ZPHEKKK@EKGZPHEKxIGCIDFHCEKMK|MGFC{HCEKE]IKPEHAHEKYHGHK
+
AHEKY}ZCDHEKMKLHGZPGHKAHEK{ILPDHEJKPHDAIKFGH~HLxHBIEK{IBK
^^
+K
[HCHKAMKIY\MES

X+

JK|I{KYIAMG}K

YMGEIDHLCHGKHKHGGHKAMK[MGGHBMDFHEKAMKH{MEEIKG}YCAIJK{LC{HDAIKDHK
OHCHKAMKLCEFHZMBKLCEFHKAMKIY\MEKACEYID|MCEK SK
N

HGGHKAMKGILHZMBKK@EK~HGGHEKAMKGILHZMBKYMGBCFMBKPMK|I{K
DH|MZPMKYMLIKAI{PBMDFIJKPHDAIKHKY}ZCDHK[IGKBHCIGKPMKHKFMLHJK
{LC{HDAIKEI~GMKHEKEMFHEKIPKHGGHEFHDAIKIK~IF]IKAMKGILHZMBS

@~HCIKAHK~HGGHKAMKGILHZMBJKx}K~IFMEKYHGHKFIGDHGKMEEHK
DH|MZH\]IKBHCEKG}YCAH,K
T}ZCDHKHDFMGCIGK KMKTGUCBHKY}ZCDHK S

IK~IF]IKNMLM{CIDHGKI~wMFIKAHKYGI{PGHJKKYIEE|MLJKYIGK

AI{PBMDFIS

HGGHKAMKEFHFPEKK IEFGHKCD[IGBH\MEKEI~GMKIKAI{PBMDFIKHFPHLJK
FHCEK{IBIKIKDBMGIKAMKY}ZCDHEKMKHKY}ZCDHKHFPHLSKXEF}KLI{HLCHAHKDHK
BHGZMBKCD[MGCIGKAHKFMLHS

IAIEKAMKMC~C\]IKKrEKBIAIEKAMKMC~C\]IKE]IKMD{IDFGHAIEK
GKACGMCFHKAHK~HGGHKAMKEFHFPEKMKYMGBCFMBKHLFMGHGKHK|CEPHLCH\]IKAIK
AI{PBMDFIS

@EKIY\MEKE]IKHEKEMZPCDFME,

\

JGMHKAIKAI{PBMDFIKKKI{HLKMBKPMKIEKFMFIEKE]IKACZCFHAIEK
MKMACFHAIESKMEEHK}GMHJKI~EMG|HBIEKPBHK~HGGHK|MGFC{HLKYCE{HDAIJK
{xHBHAHKAMKK{PGEIGKIPKKYIDFIKAMKCDEMG\]ISK
PHLPMGK{HGH{FMGMKEMG}KCDEMGCAIKGKMEPMGAHKAIK{PGEIGS
^_o`g`
THGHKI~FMGKHwPAHJKKEUK{LC{HGKDIK~IF]IK@wPAHK
KKJKLI{HLCHAIK
DIK{HDFIKEPYMGCIGKACGMCFIKAHKwHDMLHJKIPKYGMEECIDHGKHKFM{LHKSK@~GCGV
^+0/


C{HK
@K[IGBHKBHCEKG}YCAHKAMKMD{MGGHGKIKs IGAKK{LC{HGKDIK{IDFGILMK
M{xHGJKMBKEPHKwHDMLHK

^_`d`````m
HBIEJKHZIGHJKFGH~HLxHGK{IBK{HAHKPBHKAHEKIY\MEKAIKBMDPKAIK
X+/

3+0
H~HCISKMLHJK|I{KYIAMKME{ILxMGKPBKBIAMLIKLHIPFKYHGHKIKDI|IK
AI{PBMDFISKrKBIAMLIKYHAG]IKKI{PBMDFIKMBK~GHD{IS
OPGCIECAHAM
PHDAIK|I{KH~GCGKHKwHDMLHKAMK@wPAHJKIKs IGAKFMDFHG}K{IDM{FHGV

{IDFMAIKIDLCDMKKBHCEK{IBYLMFIKMKHFPHLCHAIJKBHEJKEMK|I{KPCEMGK
;0
DM{MEECAHAMKAMKMEFHGK{IDM{FHAIKGKCDFMGDMFJK~HEFHK{LC{HGKDIK~IF]IK
+a 
AMEFMK{IBYPFHAIGKS
XCEFMBK|}GCHEK[IGBHEKAMKMD{MGGHGKIKs IGASKBHKAMLHEKK{LC{HGK
X++Z
OHEIKxHwHKHLZPBHKHLFMGH\]IKMBKEMPKAI{PBMDFIKPMKD]IKFMDxHK
ECAIKEHL|HJKHYHGM{MG}KHKEMZPCDFMKBMDEHZMB,

g

:==1949:16?78?1
IKAI{PBMDFIK{GCHAIJK|HBIEKCDEMGCGKPBKYMPMDIKFMFIJK
PMKEMG}KPFCLCHAIKYIEFMGCIGBMDFMKYHGHKYGHFC{HGBIEKIEKAMBHCEK


DHKY}ZCDHJKAC[MGMDFMBMDFMKAIKFMBYIKAHKB}PCDHKAMKME{GM|MGSK


@IK{IBM\HGKHKACZCFHGJKIK{PGEIGKEMKBI|CBMDFHKYHGHKHKACGMCFHJK
MKIEK{HGH{FMGMEKPMK|I{KACZCFHK|]IKHYHGM{MDAIKGKMEPMGAHKAMLMSK
CZCFMKIKFMFIKH~HCIKMKD]IKEMKYGMI{PYMKMBK{IBIK[HMGKIK{PGEIGK
YHEEHGKYHGHKHKLCDxHKEMZPCDFMSKREEIKK[MCFIKHPFIBHFC{HBMDFMKMKEMK
{xHBHKGMHGGHDwIKAMKLCDxHES

c649:1646?754640 4
640460=406< 4691465=94

HPFIBHFC{HBMDFMKYHGHKHKLCDxHKEMZPCDFMSK
THGHK[HMGKIK{PGEIGKYHEEHGKYHGHKHKYGUCBHKLCDxHKHDFMEKPMKMLMK
HFCDwHKHKBHGZMBKACGMCFHJKKDM{MEE}GCIKYGMEECIDHGKHKFM{LHKXQXS
I{KEUKYGM{CEHG}KPEHGKHKFM{LHKKXQXKMBKAPHEKECFPH\ME,
W
W

X+
MBKEMZPCAHJKMBKNHL|HGSKHLMKLMB~GHGKPMKIKAI{PBMDFIKKEHL|IK{IBK
HEKHLFMGH\MEK[MCFHEKHFKIKBIBMDFIKAHKH\]IKAMKEHL|HGJKCEFIKJKFPAIK
++
DI|HBMDFMKMBKNHL|HGS
PHDAIK|I{K[M{xHGKMKH~GCGKIKHGPC|IKDI|HBMDFMJKMLMKMEFHG}K
AHK[IGBHK{IBIKMEFH|HKPHDAIK[ICKEHL|IKYMLHKLFCBHK|MSKrKHGPC|IK
FMG}KHKMFMDE]IKKSAI{KJKPMKKCDEMGCAHKHPFIBHFC{HBMDFMKYMLIKs IGAS
C{HEKK
THGHK[H{CLCFHGKHK~PE{HKYIGKEMPEKAI{PBMDFIEJKx}KHLZPBHEKAC{HEK
PHDFIKGKDIBMH\]IKAMKHGPC|IEKPHDAIK[IGKEHL|}VLIE,
W8^+
W
W3
W3
W
XMBYLI,
THGHKEHL|HGKPBKGMLHFUGCIKEMBHDHLKAMKHFC|CAHAMEJKPBK~IBKDIBMK
EMGCHKMLNMB@FC|vMSK
Y
GMLHFUGCIJKEMBKEMGKDM{MEE}GCIKH~GCVLIS
HBIEKEHL|HGKIKAI{PBMDFIKPMKH{H~HBIEKAMKACZCFHGK{IBKIK
DIBMKAMKTHGFMTGHFC{HS
KCBYIGFHDFEECBIKIKx}~CFIKAMKBHDFMGKIKAI{PBMDFIKEHL|ISK
OIDFPAIJK{HEIK|I{KEMKMEPM\HKAMKEHL|}VLIKMJKYIGKHLZPBKYGI~LMBHJK
IK{IBYPFHAIGKEMKAMELCZPMKIPKFGH|MKCDMEYMGHAHBMDFMJKHCDAHKx}K
YIEEC~CLCAHAMKAMKGM{PYMGHGKIKAI{PBMDFIJKZGH\HEKHIKGM{PGEIK
M{PYMGH\]IKHPFIB}FC{HKAMKHGPC|IES
OIBIvKM{PYMGH\]IKHPFIB}FC{HKAMKHGPC|IEv
NCBKNMBKPMK|I{KDIFMJKAMKFMBYIKMBKFMBYIJKHPFIBHFC{HBMDFMJK
IKs IGAKEHL|HKIKHGPC|IJKYHGHKPMJKMBKI{HECMEKCDMEYMGHAHEJK|I{K
D]IKYMG{HKEMPKFGH~HLxISK
@EECBJKDHKI{HEC]IKEMZPCDFMKMBKPMK|I{KH~GCGKIKs IGAK
vyyuJKHYHGM{MG}KPBHKwHDMLHK{IBKHKLCEFHKAMKFIAIEKIEKAI{PBMDFIEK
GM{PYMGHAIESKTHGHKH~GCGKPHLPMGKPBKAIEKHGPC|IEJK~HEFHK{LC{HGK
EI~GMKMLMS
m

c649:16 1:75166019?16640460=406:1< 79?16

@KEMZPCGJK|HBIEK|MGKHLZPDEKBIAMLIEKAMKAI{PBMDFIEKPMK
YIAMBKEMGK[MCFIEK{IBKIKHPLCIKAIKs IGASKTHGHKH{MEE}VLIEJK{LCPMK
X++Y9
BIAMLIKAMEMwHAIJK~HEFHK{LC{HGKMBKHCHGS


X+:3
ACZCFMKIKDIBMKAMEMwHAIKMMIPKEMLM{CIDMKIKLI{HLKAMEMwHAIKJKOJK
TMDAGC|MKMF{SKMK{LCPMKMBKNHL|HGS

AIKBMDPJKx}KPBHK}GMHK{xHBHAHKI{PBMDFIEKM{MDFMESKMLHJK
HYHGM{MBKIEKLFCBIEKAI{PBMDFIEKH{MEEHAIEK{IBKIK{IDMK KDIK

/ KS

@IK{LC{HGKDIK~IF]IK@~GCGJKHYHGM{MG}KPBHKwHDMLHKMBKPMK|I{K
AM|MKYGI{PGHGKIKHGPC|IKPMKAMEMwHKH~GCGS
THGHKCBYGCBCGKIKHGPC|IKH~MGFIJKKDM{MEE}GCIKFMGKHLZPBHK
CBYGMEEIGHK{IDM{FHAHKHIK{IBYPFHAIGKIPKHKPBHKGMAMKLI{HLSK
X++
,KHYHGM{MG]IKFGEKIY\MEJK{IBIK|MBIEKDHKFMLHKH~HCIK,

@IKLI{HLCHGKIKHGPC|IKAMEMwHAIJK{LCPMKEI~GMKMLMKMKMBK@~GCGS
THGHKEHL|HGKPBKAI{PBMDFIKDIKs IGAJK|I{KAM|MK{LC{HGKDIK
X+:
NMKxIP|MGKDM{MEECAHAMKAMKEHL|HGKIKHGPC|IK{IBKIPFGIKDIBMKIPK
MBKIPFGIKLI{HLJK{LCPMK
r

W0
YMGBCFMBKEMLM{CIDHGKHKCBYGMEEIGHJKY}ZCDHEKHKEMGMBKCBYGMEEHEJK
DBMGIKAMK{UYCHEKMF{S


SK WPCHEKKK}KEMFMKZPCHEK~}EC{HEKDHKYHGFMKEPYMGCIGSKOHAHK
PBHKGMYGMEMDFHKPBHK}GMHKAMKHFC|CAHAMKMJKMBK{HAHKPBHKAMLHEJKIEK
{IBHDAIEKE]IKGMPDCAIEKYIGKZGPYIESKTIGKMMBYLIJKHKZPCHKRD{CIK
{IDFBKFIAIEKIEK{IBHDAIEKPMK|I{KPFCLCHK{IBKBHCEK[GMPD{CHK
MKIEK~IFMEKM{IGFHGJKOIYCHGKMKOILHGJKPMKMEF]IKDIKZGPYIKJGMHKAMK
FGHDE[MGD{CHSK
vSK WGPYIEKKOHAHKZPCHKFMBK|}GCIEKZGPYIEKPMKBIEFGHBKIEK
CFMDEKGMLH{CIDHAIEKMBK{IDwPDFIS
SK OIBHDAIEKKBK{IBHDAIKKPBK~IF]IJKPBHK{HCHKYHGHK
CDEMGCGKCD[IGBH\MEKIPKPBKBMDPS
C{HK

W+K^
+
W1++

+
AMKCBYGMEE]IJK{LCPMKDIK~IF]IKKM{xHGKCEPHLCH\]IKAMKRBYGMEE]IK

^_`f```

@K[HCHKAMKIY\MEKBIEFGHKIEK{IBHDAIEKBHCEKPFCLCHAIEK
HZGPYHAIEKYIGKFMBHEJKYHGHKPMK|I{KD]IKYGM{CEMKYGI{PG}VLIEKMBK
|}GCIEKBMDPEJKHEECBK[H{CLCFHDAIKIKFGH~HLxISK
@KEMZPCGJKHYGMEMDFHBIEKHK[HCHKAMKIY\MEKMK{IBIKFGH~HLxHGK
{IBKMLHS

05444745
}KFGEK{IBYIDMDFMEK~}EC{IEKDHK[HCHKAMKIY\MESKK~IBKEH~MGK
{IBIK{HAHKPBKEMK{xHBHKYHGHK{IBYGMMDAMGK{IBIKPFCLC}VLIS

@K[HCHKAMKIY\MEK[H{CLCFHKHKLI{HLCH\]IKAMKFIAHEKHEK[PD\MESK
IKMDFHDFIJK|I{KYIAMKPMGMGKFGH~HLxHGK{IBKEMPKAI{PBMDFIKMBKPBK
MEYH\IKBHCIGSKNMKMEEMK[IGKIK{HEIJKKYIEE|MLKI{PLF}VLIJKAHDAIKPBK
{LCPMKAPYLIKDHKZPCHKHFC|HSKTHGHK|MGKIEK{IBHDAIEKDI|HBMDFMJK~HEFHK
AHGKIPFGIK{LCPMKAPYLIKMBKPBHKAHEKZPCHES
/
WZ3
XAC\]IS
W.-
IAHYJKQMFIKMKNB~ILIES
W-.
PDAIKAHKT}ZCDHJKTHG}ZGH[IKMKrGZHDCHGS
WK:YK
X-
Wa
RDEMGCGKOHBYIEJKCEPHLCHGKMEPLFHAIEKMKOID{LPCGS
WK+K+.
@LFMGH\MEJKOIBYHGHGKMKTGIFMZMGS
W3+a 3+a
r{PLFHGJKIIBJKHDMLHKMK H{GIES
@LZPDEKZGPYIEKFBKPBHKEMFHKACHZIDHLKDIK{HDFIKCD[MGCIGKACGMCFIK
K
{xHBHAHKAMKRDC{CHAIGKAMKOHCHKAMKC}LIZISK@IK{LC{HGKDMLHJK|I{K
|MG}KBHCEKIY\MEKGMLH{CIDHAHEKHKMEEMKZGPYIS
36478 0716c 671c 40 1
36047<49:167516:1< 79?1
}K|}GCHEKBHDMCGHEKAMKDH|MZHGKYIGKAI{PBMDFIESK@LBKAHK
~HGGHKAMKGILHZMBJKPMK|CBIEKHDFMGCIGBMDFMJKMKAIKBIPEMJKYIAMBIEK
PFCLCHGKHEKEMZPCDFMEKFM{LHE,



{IBKIKBIPEM,

3689670=9:16?78?1
THGHKCDEMGCGKFMFIKDIKAI{PBMDFIKPBHKLMFGHJKPBHKYHLH|GHJKPBK
YHG}ZGH[IJKPBHKY}ZCDHKMF{SJK~HEFHKYIEC{CIDHGKIK{PGEIGKDIKLI{HLK
AMEMwHAIKMKACZCFHGKIEKAHAIEKHKEMGMBKCDEMGCAIESK
HLMKLMB~GHGKPMKHKCDEMG\]IKI{IGGMG}KGKMEPMGAHKAIK{PGEIGSK
367757?49:1644<49:16?78?1
365757=1949:1640?766:16:1< 79?1

36910 4?49:16404?707667640<04216
FCLCHGMBIEKIEK{IBHDAIEKAHKZPCHKRD{CIKKYHGHKFGH~HLxHGBIEK
{IBKHEK[IGBHFH\MEKBHCEK{IBPDEKAMK{HGH{FMGMEKMKYHG}ZGH[IEJKPMK
CD{LPMBKBPAHD\HKAMK[IDFMJK{IGJKFHBHDxIJKHLCDxHBMDFIKAMKFMFIKMF{S
8+
AIKAI{PBMDFIKKIKYGM|CMtKIPKYGV|CEPHLCH\]IKAMKPBHKHLFMGH\]IK
EMBKFMGKPMKHYLC{}VLHSKTIGKMMBYLIJKYHGHKHLFMGHGKIKFCYIKAMK[IDFMK
LMFGHJK{ID[IGBMK|I{KYHEEHKIKBIPEMKYMLHEK[IDFMEKCDEFHLHAHEJKIK
3
CEEIK|HLMKYHGHKHLZPBHEKAHEKIY\MEKAMK[IGBHFH\]I,K{IGJKFHBHDxIKMK
MEFCLIKAMDFGMKIPFGHES

1545354

FCLCHGMBIEKIKZGPYIKIDFMEKYHGHKFGH~HLxHGBIEK{IBK{HGH{FMGMEK
MKFMFIES


THGHK[HMGKHEKHLFMGH\MEKAMEMwHAHEJKKDM{MEE}GCIKPMKIKFMFIK
MEFMwHKEMLM{CIDHAISKMwHKIEK{IBHDAIEKAMKEMLM\]IKDIKCFMBKvSvS
@~GHKIKHGPC|IKTHGFMTGHFC{HKKMKEMLM{CIDMKHKYHLH|GHK
BMLxIGMESKOLCPMKDHK{HCHKAMKAC}LIZIKYHGHKH~GCGKHEKIY\MEKAMK
[IDFMKMK|}KYHEEHDAIKIKBIPEMKEI~GMKMLHESK
r~EMG|MKPMKHKYHLH|GHKEMLM{CIDHAHK|HCKEMDAIK|CEPHLCHAHKAMK
H{IGAIK{IBKIKFCYIKAMK[IDFMKEI~GMKHKPHLKIKYIDFMCGIKAIKBIPEMKK
AMELI{HAISK@YUEKME{ILxMGKHK[IDFMKAMEMwHAHJK{LCPMKEI~GMKMLHS

C{HK
PHDAIK|I{KEMLM{CIDHKPBKFMFIKMKYHEEHKIKBIPEMKEI~GMK
MLMJKHYHGM{MKPBHK{HCHKAMK[MGGHBMDFHEJK{IBKHLZPBHEKIY\MEKAMK
[IGBHFH\]IJKYHGHKFIGDHGKEMPKFGH~HLxIKBHCEKG}YCAIS
XBKEMZPCAHJK[H\HKIKBMEBIK{IBKHKIY\]IKAMKFHBHDxIS

1541554157>2
@ZIGHJKPFCLCHGMBIEKIEK{IBHDAIEKAIKZGPYIKTHG}ZGH[IKJKAHKZPCHK
RD{CIKS
rKFMFIKAHKLCDxHKMBKPMKMEFC|MGKYIEC{CIDHAIKIK{PGEIGKIPKIK
YHG}ZGH[IKEMLM{CIDHAIKYIAMG]IKEMGKHLCDxHAIEKAMKPHFGIK[IGBHE,

rKBMEBIKYGI{MACBMDFIKAM|MG}KEMGKHAIFHAIKYHGHKHLFMGHGKHK{IGK
AIKGMHL{MKAIKFMFIJKPMJKYIGKYHAG]IJKKEMBK{IGKHK{IGKAHK[IDFMJK
PMJKYIGKYHAG]IJKKYGMFHKMKIKMEFCLIKAMKEP~LCDxHAIJKPMJKYIGKYHAG]IJK
KAMEHFC|HAISKIK{HEIKAIEKAMBHCEK{IBHDAIEJKIKM[MCFIKEUKEMG}K
|CEPHLCHAIKHYUEKEMGKHYLC{HAIS

154745515
TIAMBIEKHLFMGHGKIKMEYH\HBMDFIKMDFGMKLCDxHEKIKYHAG]IKKJyK
KECBYLMEJKIPKHCDAHKIEKMEYH\IEKHDFMEKIPKAMYICEKAIEKYHG}ZGH[IEKIK
+
TIGKMMBYLIJKH~GHKIKHGPC|IKTHGFMTGHFC{HKKMKHGGHEFMKHKBHGZMBK
MEPMGAHJKHFKPMKIKDBMGIKKEMwHKIKDC{IK|CEPHLCHAISKREEIK
CDAC{HG}KPMKx}K{BKAMKBHGZMBKMEPMGAHKYHGHKFIAIKIKAI{PBMDFISK
THGHKAMFMGBCDHGKHKBHGZMBKACGMCFHKMBKL{BJK~HEFHKHGGHEF}VLHKHFKIK
DBMGIKLSK

H~HCIS

rK~IF]IKrY\MEKAMKXEYH\HBMDFIKAMKCDxHKYMGBCFMKMEFH~MLM{MGK
MEYH\HBMDFIEKYMGEIDHLCHAIES

247>2154
@EKBHGZMDEKMEPMGAHKMKACGMCFHJK~MBK{IBIKHKBHG{H\]IKAMK
+
HIK{LC{HGBIEKEI~GMKMLMEKMKHGGHEF}VLIES

VVK HG{H\]IKAIKYHG}ZGH[I
VVK HGZMBKMEPMGAH
VVK HGZMBKACGMCFH
KK HGZMBKMEPMGAHKMBKy{BS
vKKTHG}ZGH[IKMBKv{BS
KK HGZMBKACGMCFHKMBK{BS
93Y.3K+
v{BS
QIAIEKIEK{IBHDAIEK|CEFIEKHFKHZIGHKYIAMBKEMGKM[MFPHAIEJK
{LC{HDAIVEMKDIKRDC{CHAIGKAMKOHCHKAMKC}LIZIKAIKZGPYIKTHG}ZGH[IS

47>2

AIKFMFIKEMLM{CIDHAIKMKHEKBHG{H\MEKAMKYHG}ZGH[ISK
2445
Y
10/
r~EMG|MKPMKx}KDBMGIEKHDFMEKMKAMYICEKAIEKBHG{HAIGMESKXEEHK
DPBMGH\]IKKIK|HLIGKAHKBHGZMBKMBK{MDFBMFGIESKTIGKYHAG]IJKHEK
BHGZMDEKCDC{CHBVEMKMBKy{BKMKFMGBCDHBKMBK{BSK
6


XCEFMBK|}GCIEKEB~ILIEKPMK|I{KYIAMKPEHGKYHGHKCDC{CHGKPBHK
+W

HG{HAIGMEJK|I{KYIAMG}KPFCLCHGKPBKBHG{HAIGKMCEFMDFMKIPK
K
Ya

"15443541
@EKLCEFHEKAMEMBYMDxHBK|}GCHEK[PD\MEJKAMEAMKGMEPBCGK
CD[IGBH\MEKHK[H{CLCFHGKEPHK{IBYGMMDE]IKMKHEECBCLH\]ISK@EKLCEFHEK
YIAMBKEMGKDPBMGHAHEKIPKHYGMEMDFHGKBHG{HAIGMESK

NMK|I{KFC|MGKPBHKEMPD{CHKAMKCD[IGBH\MEJKPBHKLCEFHK
DPBMGHAHKEMG}KMEEMD{CHLKYHGHKCD[IGBHGKIKDBMGIKAMKCFMDEK
GHYCAHBMDFMSK
@EKLCEFHEKYIAMBKHYGMEMDFHGKPBKD|MLKDC{IKIPK|}GCIEKD|MCESK
HKLCEFHKAMKD|MLKDC{IJKFIAIEKIEKCFMDEKFBKHKBMEBHKxCMGHGPCHKMK
[

LCEFHKAMDFGIKAMKIPFGHSKMwHKH~HCIKHKAC[MGMD\HKMDFGMKHB~HE,

QHDFIKBHG{HAIGMEKPHDFIKDPBMGHAIGMEKYIAMBKEMGKCDEMGCAIEK
DIEKYHG}ZGH[IEKEMLM{CIDHAIES
}KBHCEKAMKPBHKBHDMCGHKAMKCDC{CHGKPBHKLCEFHSKBHKAHEKBHCEK
PFCLCHAHEKK{GCHGKHKLCEFHKHPFIBHFC{HBMDFMJKGKBMACAHKPMKIEKAHAIEK
E]IKACZCFHAIESK
NMK|I{KYGM{CEHGKAMKPBHKLCEFHK{IBKBHG{HAIGMEJK~HEFHKACZCFHGK
PBKHEFMGCE{IKJKEMZPCAIKAMKPBKMEYH\I,KIKHEFMGCE{IKEMKFGHDE[IGBHK
MBKBHG{HAIGJKMKHKLCEFHKKCDC{CHAHSK PHDAIKFMGBCDHGKAMKACZCFHGKIK
YGCBMCGIKCFMBJKYGMEECIDMKXQXJKMKPBKDI|IKBHG{HAIGKHYHGM{MG}K
DHKLCDxHKEMZPCDFMSK
H

rEKEB~ILIEKACEYID|MCEKAMYMDAMG]IKAHK[IDFMKEMLM{CIDHAHSK
Y .+
CBHZMDES
THGHK{GCHGKHPFIBHFC{HBMDFMKLCEFHEKDPBMGHAHEJKACZCFMKIKDBMGIK
KMKPBKYIDFIKSJKEMZPCAIKAMKPBKMEYH\ISKrKDPBMGHAIGKYHAG]IKK
SKMKBIAIKEMBMLxHDFMKHIKHDFMGCIGJKHIKH~GCGKHK{HCHKAMKAC}LIZIK
K
Y+Y
IGBHFIKAMKBMGIS
054146>586
TIAMBIEK{GCHGKHPFIBHFC{HBMDFMKLCEFHEKAMK|}GCIEKD|MCESKTHGHK
CEEIJK~HEFHKYGMEECIDHKIK~IF]IK KMKEMLM{CIDHGKIKBIAMLIKAMEMwHAIS


C{HK
9^
+.
+
DPBGC{HK{IDFCDPHG}KHKBMEBHSK

t554"4"5
THGHKAHGKAMEFHPMKHKYHLH|GHEJKYHG}ZGH[IEJKY}ZCDHEJKCBHZMDEKMK
{LPLHEKFH~MLHEKMDFGMKIPFGIEKI~wMFIEJKIKs IGAKACEYMKAIKGM{PGEIKAMK
~IGAHKMKAMKEIB~GMHBMDFIS
@~GHKIKHGPC|IKKTHGFMTGHFC{HKKMKEMLM{CIDMKIKFGM{xIK C{GIEI[FK
F
KPBK{LCPMKDHKEMFHKPMKH~GMKHK{HCHKAMKAC}LIZIKAIK~IF]IK
IGAHEKMKNIB~GMHBMDFI S
r~EMG|MKPMKHEKIY\MEKHYGMEMDFHAHEKYMGBCFMBK{ILI{HGK
~IGAHEKDHKYHGFMKCD[MGCIGJKEPYMGCIGKMF{SKOLCPMKDHKIY\]IKIGAHEKMK
NIB~GMHBMDFIS

THGHKPMKIEKEP~D|MCEKHYHGM\HBJK~HEFHK{LC{HGKDIK~IF]IK
K
@PBMDFHGKGM{PIKKKSKMwHKIK
MMBYLIKH~HCI,K
SKRQ@ R@N
KKKSKOIBYLMIK
KKKKKKSSSK
KKKKKKSSvSKvK
KKKKKKSSSKv
vSKN@RNK RX@RN
OHEIK|I{KH|HD{MKPBKGM{PIKHKBHCEKAIKPMKIKAMEMwHAIJK~HEFHK
{LC{HGKDIK~IF]IKCBCDPCGKGM{PIK S
t57541
@KBHDMCGHKBHCEK[}{CLKAMKCDFMGGIBYMGKHK{GCH\]IKAMKPBHKLCEFHKK
YGMEECIDHGKHKFM{LHKXQXKAPHEK|MMESK@IK[HMGKCEEIJK|I{KMEFHG}K
YGIDFIKYHGHKCDC{CHGKPBKDI|IKYHG}ZGH[IKMBKPBHKDI|HKLCDxHS
NMKMEFC|MGKDIKBMCIKAMKPBHKLCEFHKMKYGM{CEHGKACZCFHGKHLZPBKFMFIK
H~HCIKAIKBHG{HAIGKDIKBMEBIKD|MLKAIKFMFIKH{CBHJKPEMKHKFM{LHK
@ONT@OXSKREEIKGMBI|MG}KIKBHG{HAIGJKBHEKBHDFMG}KIKGM{PIK
AMKFMFISK
THGHKHLCDxHGKIKDI|IKFMFIKH~HCIKAIKYGUYGCIKBHG{HAIGJKMKD]IK
X:3
YHGHKMLCBCDHGKIKGM{PIKAMKLCEFHJKYGMEECIDMKK@ONT@OXKFGEK|MMES
45
NMK|I{KH{xHGKPMKME{ILxMPKIKFCYIKCDHAMPHAIKAMKLCEFHJKIPK
EMwHJKCDC{CIPVHK{IBKBHG{HAIGMEJKBHEKMDFMDAMKPMKDBMGIEKEMGCHBK
BMLxIGMEKIPK|C{MV|MGEHJKD]IKEMKYGMI{PYMSK
K[}{CLK[HMGKHKFGI{HSKHEFHK{LC{HGKMBKPHLPMGKLPZHGKDHKLCEFHKMJK
IPKKPBMGH\]IK JKDHK
MBKEMZPCAHJKDIK~IF]IK HG{HAIGMEK
[HCHKAMKIY\MES
OPGCIECAHAM
XEEMEKAICEK~IFMEKBMBIGCHG]IKIKFCYIKAMKLCEFHKPFCLCHAIKYMLHK
LFCBHK|MKMK[HG]IKPEIKAMEEMKFCYIJKPHDAIK|I{K{LC{HGKDMEEMEK~IFMEK
DI|HBMDFMSK
N


XEEHKIY\]IKYIEEC~CLCFHKFGH~HLxHGK{IBKIKEMZPCDFM,
WX
WX
AIKAI{PBMDFIS
W:
MEFCLIKAIEKYHAGMEKAIKFMFIKIPKYHG}ZGH[IKEMLM{CIDHAIS

IKMMBYLIKH{CBHJKIKKTGMMD{xCBMDFIKKKHBHGMLIKMJKDIKCFMBK
YHAGMEJKIKMEFCLIKEMLM{CIDHAIKKIGCIDFHLK{LHGHJKDHK{IGK|MGAMS
PHDAIKFGH~HLxHBIEK{IBKFH~MLHEJKHKPFCLCH\]IKAMK~IGAHEKFIGDHK
BMLxIGKMKBHCEKHZGHA}|MLKHK|CEPHLCH\]IS

(15447>28"14
4I1
EK|MMEJK|I{KAMEMwHKI~FMGKPBKGMEPLFHAIKAMK[IGBHFH\]IKMKD]IK
{IDEMZPMKMDFMDAMGKYIGKPMKMLMKD]IKHYHGM{MSKTIAMKEMGKPMKMCEFHBK
{HGH{FMGMEKI{PLFIEKMBKEMPKAI{PBMDFISK
THGHK|CEPHLC}VLIEJK{LCPMKDIK~IF]IK IEFGHGKQPAIK SKr~EMG|MK

K01 2345


rKPMK{HAHKEB~ILIKGMYGMEMDFH,
WZ3Y.3K
W Z+
W3
W.K-3Y.3K
W
o_`j``
RBHZCDMKPMK|I{KFMDxHKFGI{HAIKIKFCYIJKHK{IGKMKIKFHBHDxIKAHK[IDFMJKCDEMGCAIK~IGAHKMMIPKEIB~GMHBMDFIKMKPMGKFPAIKCEEIKMBKPBKDI|IK
YHG}ZGH[IKIPKYHGFMKAIKAI{PBMDFISKNMGCHKYGM{CEIK[HMGKFPAIKDI|HBMDFMvK]I
rKs IGAKACEYMKAIK~IF]IKKIGBHFHGKTCD{MLK KJKPMK{IYCHKHK[IGBHFH\]IKAMKPBHK}GMHKEMLM{CIDHAHKMKHKHYLC{HKMBKIPFGHSK@YUEKEMLM{CIDHGK
HK[IGBHFH\]IKAMEMwHAHJKAKPBK{LCPMKAPYLIKDMEEMK~IF]IKMJKMBKEMZPCAHJKDIKLI{HLKIDAMK|I{KPMGKGMYMFCGKHK[IGBHFH\]ISKOHEIKEMwHKBHCEKAMKPBJK
|I{KYIAMKHGGHEFHGKIKBIPEMKYHGHKMYHDACGKHKEMLM\]IS
THGHK{HD{MLHGKHK{UYCHKAMK[IGBHFH\]IJKAKPBK{LCPMKDIK~IF]IKYHGHKAMEHFC|}VLIS
MwHKIKMMBYLIKH~HCIJKMBKPMKHK[IGBHFH\]IKAHKYHLH|GHKBMLxIGMEK[ICK{IYCHAHKYHGHK
IKLFCBIKFGM{xIKAIKYHG}ZGH[IKHGPC|IKTHGFMTGHFC{HKS

o_q`e ```
0Ea
vyyuSKAM|MKEMGKHKLFCBHKMKD]IKHKYGCBMCGHS
I{KD]IKYGM{CEHKM{LPVLHKMKACZCF}VLHKDI|HBMDFMSKXBK|MKACEEIJKBI|HVHJKGMHLCHDAIKPBHKIYMGH\]IKAMKGM{IGFHGKMK{ILHG,KGM{IGFMKHK[GHEMK
YHGHKM{LPVLHKAIKLI{HLKHFPHLKMJKMBKEMZPCAHJK{ILMVHKDIKDI|IKLI{HLSK
TGCBMCGIJKEMLM{CIDMKHK[GHEMKCDFMCGHSK

XBKEMZPCAHJK{LCPMKMBKM{IGFHGK JKDIKZGPYIKKJGMHKAMKQGHDE[MGD{CHKSKr~EMG|MKPMKHK[GHEMKAMEHYHGM{MKAIKFMFIS

30.
S


C{H
BKHFHLxIKAMKFM{LHAIKYHGHKGM{IGFHGKKKOQjKMKYHGHK{ILHGKKKOQjS
PHDAIK|I{K{IBM\HGKHKMACFHGKIKAI{PBMDFIK{IBK[GMPD{CHJK|MG}K{IBIKMEEMKHFHLxIKKG}YCAIKMK{ID|MDCMDFMS
.
{LC{HDAIKDIKCFMBKAMEMwHAIKMJKMBKEMZPCAHJKMBKKX{LPCGKIPKMBKKCBYHGKFPAIS

o_`j```
rEKYGI{MACBMDFIEKYHGHK{IYCHGKYHGFMEKAMKPBKAI{PBMDFIKE]IKYGHFC{HBMDFMKIEKBMEBIEKAMKGM{IGFHGSK@KAC[MGMD\HKKPMKIK{IDFMAIKEMG}K
BHDFCAIKDHKYIEC\]IKIGCZCDHLS
NMLM{CIDMKIKFGM{xIKI~FMDxHKHwPAH,

XBKEMZPCAHJK{LCPMKMBKOIYCHG

JKDIKZGPYIKJGMHKAMKQGHDE[MGD{CHSKr~EMG|MKPMKIKFGM{xIKYMGBHDM{MKDIKLI{HLKAMKIGCZMBS

30.

r~EMG|MKPMKIKFMFIK[ICKAPYLC{HAIS
m


C{H
BKHFHLxIKAMKFM{LHAIKYHGHK{IYCHGKKKOQjOKMKYHGHK{ILHGKKKOQjS
o_0`T1```
IKZGPYIKKXEFCLIEJKFMBIEKHKKWHLMGCHKAMKXEFCLIEK}YCAIEJKPMKMC~MKMBKBCDCHFPGHKAC|MGEHEK{IB~CDH\MEKAMK[IGBHFH\]ISK
PHDAIK|I{KYIEC{CIDHGKIKYIDFMCGIKAIKBIPEMKEI~GMKPBHKAHEKBCDCHFPGHEJKYIAMG}K|MGK{IBIKIKMEFCLIKG}YCAIKH[MFHG}KIKFMFIKEMLM{CIDHAIS

3Y.3K9:
MMBYLIKH~HCI,

XBKEMZPCAHJKYIEC{CIDMKIKBIPEMKDIEKMEFCLIEKG}YCAIEKMCEFMDFMEKMKI~EMG|MKIKGMEPLFHAISK
K

rK~IF]IK@LFMGHGKXEFCLIEKYMGBCFMKEMLM{CIDHGKMEFCLIEKG}YCAIEKYHGHKFIAIKIKAI{PBMDFIKMKD]IKHYMDHEKYHGHKHK}GMHKEMLM{CIDHAHS

r


o_^p`l1```
RBHZCDMKEMJKMBKPBKGMLHFUGCIKIPKFGH~HLxIKAMKME{ILHJK|I{KFC|MEEMKPMKYGI{PGHGKIPKEP~EFCFPCGKPBHKYHLH|GHKPMKHYHGM{MKyK|MMEJKMBK
AC[MGMDFMEKYIDFIEKAIKFMFISKREEIKLM|HGCHK~HEFHDFMKFMBYIJKD]IKKBMEBIvK
BKGM{PGEIKBPCFIKFCLKKIKAMKLI{HLCH\]IKMKEP~EFCFPC\]IKG}YCAHKAMKPBHKYHLH|GHKIPK[GHEMSKTHGHKCEEIJKPFCLCHBIEKIEK{IBHDAIEKAIKZGPYIK
K
XAC\]IJKAHKZPCHKRD{CIKS

2
3154
@~GHKIKHGPC|IKKTHGFMTGHFC{HKKMK{IYCMKIKYHG}ZGH[IKYMLIKBMDIEKFGEK|MMES

OLCPMKDIKZGPYIKXAC\]IKMJKMBKEMZPCAHJKEMLM{CIDMKHKIY\]IKKI{HLCHG

XBKEMZPCAHJKACZCFMKHKYHLH|GHKtIGAKDHK{HCHKAMKFMFIKI{HLCHGSKTHGHKLI{HLCHGK{HAHKI{IGGD{CHJK{LCPMKMBKI{HLCHGKYGUCBHSKXKYHGHK
LI{HLCHGKFIAHEKHEKI{IGGD{CHEKAMKPBHK|MJK{LCPMKMBKI{HLCHGKMBKMKMBKI{PBMDFIKYGCD{CYHLS

THGHK{HD{MLHGKPBHKYMEPCEHKMBKHDAHBMDFIJKYGMEECIDMKKXNOKS


2
3154145451
THGHKHwPA}VLIKHK|CEPHLCHGK{HAHKI{IGGD{CHKAMKPBHKYHLH|GHKIPK
[GHEMKDIKAI{PBMDFIJKKYIEE|MLKYMEPCEHGKFIAHEKHEKI{IGGD{CHEKMK
GMHL\}VLHEKDHKFMLHSK@YMEHGKAMKIKFMFIKMEFHGKGMHL\HAIKDHKFMLHJKMLMKD]IK

OLCPMKMBKXAC\]IKMJKMBKEMZPCAHJKEMLM{CIDMKHKIY\]IKI{HLCHG
SKr~EMG|MKPMKHKYHLH|GHKtIGAKw}KMEF}KDHK{HCHKAMKFMFIKI{HLCHGJK
YICEKIKs IGAKBHDFBKHKLFCBHKYMEPCEHK[MCFHSKOLCPMKMBKMHL{MKAMK
MCFPGHKMKMBKMHL\HGKQPAIS

THGHKAMEHFC|HGKIKGMHL{MKDHKFMLHJK{LCPMKMBKKMHL{MKAMKMCFPGHKMK
MBKKCBYHGKMHL{MS

2
3154"54
KYIEE|MLKEP~EFCFPCGKHPFIBHFC{HBMDFMKPBHKYHLH|GHKIPK[GHEMK
YIGKIPFGHSKTIGKMMBYLIJKKYIEE|MLKEP~EFCFPCGKs IGAKYIGKX{MLS
r~EMG|H\]I,K rK FMFIK AMK EP~EFCFPC\]IK PEHG}K HK BMEBHK
{HYCFHLCH\]IKPMKIKFMFIKHKEMGKEP~EFCFPAIJKIPKEMwHJKEMK|I{K
YMEPCEHGKYIGKs rKMKEP~EFCFPVLIKYIGKX{MLJKIKGMEPLFHAIKEMG}K
XOXS
OLCPMKMBKXAC\]IKMJKMBKEMZPCAHJKEMLM{CIDMKHKIY\]IKNP~EFCFPCGK
Y
EMBMLxHDFMKGKHDFMGCIG,

C{H
CZCFMKEMBYGMKIKFMFIKAMKEP~EFCFPC\]IKMBKBCDE{PLIJKYICEKMLMK
HEEPBCG}KHK{HYCFHLCH\]IKAIKFMFIKHKEMGKEP~EFCFPAIS
4567
@IK{LC{HGKDHEKIY\MEKI{HLCHGKIPKKNP~EFCFPCGKJK|I{KFMG}K
H{MEEIKGKZPCHKRGKYHGHJKPMJK{IBIKIKFFPLIKEPZMGMJKYMGBCFMKHK|I{KCGK
ACGMFHBMDFMKHKPBKYIDFIKAIKAI{PBMDFIJKPMKYIAMKEMGKPBHKKT}ZCDHJK
NM\]IJKCDxHKMF{S

2
15543"45
Y3++:
uJKPMKYMGBCFMKNMLM{CIDHGKQPAIKEMLM{CIDHKFIAIKIKAI{PBMDFIJK
:0:
[IGBHFH\]IKEMBMLxHDFMKBMEBHK[IDFMJK{IGJKFHBHDxIJKMF{SS

THGHKEMLM{CIDHGKFMFIK{IBK[IGBHFH\]IKEMBMLxHDFMJKEMLM{CIDMK
PBHKAHEKI{IGGD{CHEK{IBKHK[IGBHFH\]IKAMEMwHAHKMK{LCPMKDHKIY\]IK
{IGGMEYIDAMDFMS
o_^^`i``
+
KMEEMD{CHLSKTHGHKCEEIJKYIAMVEMKPFCLCHGKHKZPCHKM|CE]IJK{IBYIEFHK
YMLIEKEMZPCDFMEKZGPYIE,K

HK{HCHKAMKAC}LIZIKKI{HLCHGJKACZCFMKIKFMFIKPMKAMEMwHK
YMEPCEHGKMJKDHK{HCHKNP~EFCFPCGKYIGKJKACZCFMKIKFMFIKAMKEP~EFCFPC\]IS

K
THGHKLI{HLCHGKHKYGUCBHKI{IGGD{CHKAIKFMFIJK{LCPMKMBK
I{HLCHGKTGUCBHSKOHEIKPMCGHKEP~EFCFPVLHJK{LCPMKMBKNP~EFCFPCGSK
@IK{LC{HGKMBKNP~EFCFPCGJKIK{PGEIGKCG}KYHGHKHKYGUCBHKI{IGGD{CHK
AIKFMFISKTHGHKEP~EFCFPCGKFIAHEKHEKI{IGGD{CHEJK{LCPMKMBKNP~EFCFPCGK
QPAIS


WK+.
ZGHBHFC{HCEJKYMEPCEHGKMBKAC{CID}GCIEJKFGHAPCGKIKFMFIKYHGHKIPFGIEK
CACIBHEKMKHCDAHK{IDFHGKHEKYHLH|GHEKAIKAI{PBMDFISK
W
D]IKDIKAI{PBMDFIJK{IBKIKI~wMFC|IKAMKME{LHGM{MGKYIEE|MCEKA|CAHEK
PHDFIKHIK{IDFMAIS
W
ECDHLCHGJKAMK[IGBHKECBYLMEKMKYG}FC{HJKHEK}GMHEKAIKAI{PBMDFIKPMK
[IGHBKHLFMGHAHESK
W
IPK{IB~CDHK|MGEMEKAMK|}GCIEKHPFIGMEKMBKPBKDC{IKAI{PBMDFIS
WK++
YIGKYHGFMKAMKIPFGIEKPEP}GCIEJKIKH{MEEIKHKHLFMGH\MEKDIKAI{PBMDFIKHK
+


44489
+
HKZGHB}FC{HJKMDPHDFIKIKFMFIKKACZCFHAISKREEIKM|CFHKPMKFMDxHBIEK
+
AMEFCDHF}GCISK

+
|I{KYIAMKH{MCFHGKIPKD]IKHKBPAHD\HKEPZMGCAHS
CZCFMKIKHGPC|IKNIDMFIAMCAMLCAHAM,
MKFPAIKHIKBMPKHBIGKEMGMCKHFMDFI
@DFMEJKMK{IBKFHLKMLIJKMKEMBYGMJKMKFHDFI
PMKBMEBIKMBK[H{MKAIKBHCIGKMD{HDFI
MLMKEMKMD{HDFMKBHCEKBMPKYMDEHBMDFPS
PMGIK|C|VLIKMBK{HAHK|]IKBIBMDFI
XKMBKEMPKLIP|IGKxMCKAMKMEYHLxHGKBMPK{HDFI
XKGCGKBMPKGCEIKMKAMGGHBHGKBMPKYGHDFI
@IKEMPKYMEHGKIPKEMPK{IDFMDFHBMDFI
XKHEECBJKPHDAIKBHCEKFHGAMKBMKYGI{PGM
PMBKEH~MKHKBIGFMJKHDZEFCHKAMKPMBK|C|M
+
XPKYIEEHKBMKACMGKAIKHBIGKPMKFC|M,
PMKD]IKEMwHKCBIGFHLJKYIEFIKPMKK{xHBH
a 0
NIDMFIKAMKCAMLCAHAM

++
GHECLSKOIDFPAIJKMLMKYIAMG}KEMGKHLFMGHAIJK{LC{HDAIVEMKDHK{HCHKAMK
IY\MEKRACIBHKAIKAC{CID}GCIS

CDC{CPEKAMK IGHMEJK@DFILIZCHKTIFC{HJKXACFIGHKAIK@PFIGJK
CIKAMKHDMCGIJKzAyJKY}ZSKzAS

15445>45
5
rKs IGAKYIEEPCKPBHKLCEFHKAMKECDqDCBIEKYHGHK|}GCHEKYHLH|GHESK
XEEMKKPBKGM{PGEIKBPCFIKFCLJKPHDAIKYGM{CEHBIEKPFCLCHGKPBHK
YHLH|GHK|}GCHEK|MMEKDIKFMFIS
MYICEKAMKEMLM{CIDHGKHKYHLH|GHJKAKPBK{LCPMKMBKC{CID}GCIK
AMKNCDqDCBIE SK
TIGKMMBYLIJK|HBIEK|MGKPHCEKE]IKIEKECDqDCBIEKPMKIKs IGAK
HYGMEMDFHKYHGHKHKYHLH|GHKBPCFI,

r~EMG|MKPMKHKYHLH|GHKKYMDEHBMDFIKMEF}KME{GCFHKAMK[IGBHK
MGGHAHKMKEMKMD{IDFGHKEP~LCDxHAHKMBK|MGBMLxISKREEIKCDAC{HKYGI~LMBHK
[
CDAC{HKYGI~LMBHKZGHBHFC{HLS
+

,KEMG}K|CEPHLCHAHK

@YUEKLI{HLCHGKHKYHLH|GHKBHCEKHAMPHAHKHIK{IDFMFIKAMKEMPK
AI{PBMDFIJK{LCPMKDHKEMFHJKPMKH~GMKHK{HCHKAMKAC}LIZIKHIKLHAIKAHK
YHLH|GHS

@KYHLH|GHKPMKIKs IGAKMDFMDAMK{IBIKZGH[HAHKMGGIDMHBMDFMK
HYHGM{MG}KAMEFH{HAHKMBK|MGBMLxIKMJKDHK{HCHKKNPZMEFMEJKEMG]IK
HYGMEMDFHAHEKIY\MEKYHGHK{IGGCZCVLHSKXE{ILxHKHKPMKBMLxIGKEMK
HwPEFHKHIKFMFIKMK{LCPMKMBK@LFMGHGSKI{KHCDAHKYIAMG}K{LC{HGKMB,


@EKIY\MEKE]IKHEKEMZPCDFME,
@EKAMBHCEKIY\MEKAIKZGPYIKM|CE]IKAMKQMFIKE]IKHEKEMZPCDFME,

I{KYIAMK{LC{HGK{IBKIK~IF]IKACGMCFIKAIKBIPEMKEI~GMKPBHK
YHLH|GHKYHGHK{IGGCZCVLHKIPKYHGHK~PE{HGKPBKECDqDCBIKYHGHKMLHS

QH~MLHE
@EKFH~MLHEKE]IK{IBK{MGFMHKPBKAIEKMLMBMDFIEKBHCEK
CBYIGFHDFMEKYHGHK{ILI{HGKAHAIEKMBKEMPKAI{PBMDFISKEMKFH~MLHEK
YHGHKIGZHDCHGKCD[IGBH\MEKMK{GCHGK[IGBHEKAMKY}ZCDHEKCDFMGMEEHDFMEK
MKACEYIDC~CLCHGKEMPEKAHAIESKTHGHKCDEMGCGKPBHKFH~MLHJKDHK@@KRDEMGCGK
{LCPMKDIK~IF]IKQH~MLHS

6


3.
{LPLHEKAMK{H~M\HLxISKrKZGPYIKXEFCLIEKAMKQH~MLHKYMGBCFMKHYLC{HGK
PBHK[IGBHFH\]IKHKEPHKFH~MLHKMKIKZGPYIKMEMDxHGKIGAHEKYMGBCFMK
+.
FGHDE[IGBHKEMPK{PGEIGKMBKPBKL}YCEKYHGHKAMEMDxHGKHEK{LPLHEKAMKEPHK
FH~MLHJKMKIK~IF]IKIGGH{xHKHYHZHKHEKLCDxHEKAHKFH~MLHS
I{KYIAMKI~EMG|HGKFHB~BKPMKHIKMEFHGK{IBKHLZPBHK{LPLHK
X
{xHBHAHKHIPFJK{LCPMKEI~GMKMEEHK@@SK

rKYGCBMCGIKZGPYIKQH~MLHKYMGBCFMKEMLM{CIDHGKMBKEPHKFH~MLHJK
HYMDHEKPBHK{LPLHJKPBHKLCDxHJKPBHK{ILPDHKIPKFIAHKHKFH~MLHSK

+.
AMKLCDxHEKMK{ILPDHEJKYIAMK{LC{HGKDIKCFMBKRDEMGCGKQH~MLHKIPKMEMDxHGK
HKQH~MLHJKRDEMGCGKPBHKYLHDCLxHKAIKX{MLKIPKPEHGKPBHKQH~MLHK}YCAHK
PMKDHAHKBHCEKE]IKAIKPMKFH~MLHEKYGIDFHEKIDAMKEMG}KEIBMDFMK
DM{MEE}GCIKHLFMGHGKIK{IDFMAIS

I{KYIAMK{GCHGK[H{CLBMDFMKPBHKFH~MLHKBHCEK{IBYLMHJKYIGK
MMBYLIJKPMK{IDFMDxHK{LPLHEKAMKAC[MGMDFMEKHLFPGHEKIPKPBKDBMGIK
|HGC}|MLKAMK{ILPDHEKYIGKLCDxHKEMBMLxHDFMKGKBHDMCGHK{IBIK|I{KPEHK
PBHK{HDMFHKYHGHKAMEMDxHGKPBHKFH~MLHSK@IKAMEMDxHGKHK{HCHKPMK[HG}K
YHGFMKAHKFH~MLHJK|I{KYIAMKPFCLCHGKIKFIYIK
97004 79?466:76 4B7543

H

@IK{LC{HGKDHKIY\]IKTGIYGCMAHAMEKEMG}KH~MGFIKPBHKwHDMLHK{IBK
HEKYGIYGCMAHAMEKAHKwHDMLHS

MEFHKwHDMLHKMCEFMBKPHFGIKWPCHESK@KYGCBMCGHKKGMLHFC|HKGK
^
AIKFMFIKDHKFH~MLHSK@IK{LC{HGKDIK~IF]IKIGAHEKMKNIB~GMHBMDFIK
H~GMVEMKHKwHDMLHKAMK~IGAHEKMKEIB~GMHBMDFIKMEFPAHAHKHDFMGCIGBMDFMSK

MEYH\HBMDFIKMDFGMKHEK{LPLHES


@KIY\]IKAC|CACGKFH~MLHKCDEMGMKPBKYHG}ZGH[IKH{CBHKAHK{LPLHK
PMKIK{PGEIGKMEF}JKAC|CACDAIKHKFH~MLHSKrKZGPYIKQHBHDxIKAHKOLPLHK
+0
FMBKHK[PD\]IKAMKHwPEFHGKEPHK{LPLHKAMKH{IGAIK{IBKIK{IDFMAIK
AMDFGIKAMLHSK

rKEMZPDAIKZGPYIKKIKCDxHEKMKOILPDHEKYMGBCFMKHAC{CIDHGKMK
GMBI|MGKLCDxHEKMK{ILPDHEKAMKEPHKFH~MLHSK


{IDFMAIKAHKFH~MLHSKrK~IF]IKCGM\]IKAIKQMFIKYMGBCFMKBPAHGKHK
ACGM\]IKAMKEMPKFMFISK@KIY\]IK HGZMDEKAHKOLPLHJKYMGBCFMKHLFMGHGK
HEKBHGZMDEKAHEK{LPLHEK{IBIK|CBIEKHDFMGCIGBMDFMSK

FH~MLHSK

@IK{LC{HGKDHKHCHKAMEFMKZGPYIKMLMKH~GMKPBHKwHDMLHKIDAMKK
YIEE|MLKAMELI{HGK{LPLHEJKCDEMGCGKLCDxHEKMK{ILPDHESKrKFMG{MCGIKZGPYIK
KGM[MGMDFMKGKAC|CE]IKMKBME{LHZMBKAMK{LPLHESK

+9

@KIY\]IK ME{LHGKOLPLHEJKEIBMDFMKMEFHG}KACEYID|MLKEMK|I{K
EMLM{CIDHGKAPHEKIPKBHCEK{LPLHESKXEEMK{IBHDAIKYMGBCFMK[HMGK{IBK
PMKHEK{LPLHEKEMLM{CIDHAHEKFIGDMBVEMKPBHKEUS

@KIY\]IKAC|CACGK{LPLHEKYMGBCFMKAC|CACGKPBHK{LPLHSK@IK{LC{HGK
+0
PHDFHEKLCDxHEKMK{ILPDHEKHK{LPLHKEMG}KAC|CACAHSK

XLMKH~GMKHKEMZPCDFMKwHDMLHKMK{ILI{HKEPHKYGCBMCGHKLCDxHK{IBIK
HKLCDxHKAMK{H~M\HLxIJK|I{KYIAMK{ILI{HGKHFKFGEK{ILPDHEK{IBIK
++.
FGHDE[IGBHGKEPHKFH~MLHKMBKFMFIEKDIGBHLSK@KIY\]IK[UGBPLHKYMGBCFMK
[HMGK{}L{PLIEKDHKFH~MLHS
4B7451676
1:4
rKs IGAKEMBYGMKGMEMG|HKPBHKYHGFMKAHEKBHGZMDEKYHGHKIK
{H~M\HLxIKMKGIAHYSKTHGHKH{MEEHGKHEKIY\MEKAMK{H~M\HLxIKMKGIAHYJK
{LCPMKDHK@@KRDEMGCGJKWGPYIKOH~M\HLxIKMKIAHYSK

N

XLMKK{IBYIEFIKAMKFGEKIY\MEKOH~M\HLxIJKIAHYKMKBMGIK
AMKT}ZCDHSK

THGHKHYLC{HGKDBMGIEKAMKY}ZCDHEKHPFIBHFC{HBMDFMKMBKEMPK
{H~M\HLxIK~HEFHK{LC{HGKMBKBMGIEKAMKT}ZCDHJKHYMDHEKFIBMKIK
{PCAHAIKAMKME{ILxMGKRDC{CIKAHKT}ZCDHKEMKIYFHGKYIGKCBKAHKT}ZCDHK
MLMKHYLC{HG}KIKDBMGIKAHKY}ZCDHKDIKGIAHYSKTIAMBIEKFHB~BK
HYLC{HGK{H~M\HLxIEKMKGIAHYEKAC[MGMDFMEKHKPBKAI{PBMDFIJKYHGHKCEEIK
~HEFHKPMKHB~IEKMEFMwHBKMBKEM\MEKAC[MGMDFMEKAIKAI{PBMDFISKrK
{PCAHAIKKHIKHYLC{HGKIK{H~M\HLxIKIPKIKGIAHYJKAMEBHG{HGKHKIY\]IK
CD{PLHGKHIKHDFMGCIGS
rK[PD{CIDHBMDFIKYHGHKIKGIAHYKKIKBMEBIKYHGHKIK{H~M\HLxIJK
HYMDHEKAM|MVEMK{LC{HGKDIK~IF]IKIAHYS

74?4676]104
@IK{LC{HGKMBKOH~M\HLxIKIKs IGAKACEYIDC~CLCHKHLZPBHEKIY\MEK
AMK{HCHEKYHGHKPMK|I{KYIEEHKACZCFHGKEMPKFMFISK@IK{LC{HGKMBKXACFHGK
OH~M\HLxIKIKs IGAKMACFHKHK}GMHKAMK{H~M\HLxIKMKHK~HGGHKEPYMGCIGK
YHEEHKHKFMGK{IBHDAIEKYHGHKHLFMGH\]IKAIK{H~M\HLxIS

rKs IGAKTMGBCFMKPMK|I{KYIEEHKHAC{CIDHGKPBK{HBYIKAMKHFHK
MKIGHKMBKEMPKFMFIJKAMDFGIKAHK@@KRDEMGCGJKDIKZGPYIKQMFIJKFMBIEK
IK~IF]IKHFHKMKIGHSK

@K}GMHKAIK{H~M\HLxIKKMC~CAHKMBKPBKGMFDZPLIKYIDFCLxHAIJK
.
CDEMGCAIKDIK{H~M\HLxIKEMG}
+
EM\MEKAC[MGMDFMEKDHEKY}ZCDHESK

HEFHKME{ILxMGKIK[IGBHFIKHKEMGKHYLC{HAIKMK{LC{HGKMBKrSKNMK
YGM{CEHGKPMKMEEMK{HBYIKEMBYGMKHFPHLCMKAHFHJKBHGPMKHKIY\]IK
@FPHLCHGKHPFIBHFC{HBMDFMS
wzy|zxy yz{ }~
rKs IGAKYMGBCFMKPMKEMKCDECGHKMBKEMPEKAI{PBMDFIEKHGPC|IEK
^Z
CDEMG\]IKMEF]IKACEYID|MCEKDHK@@KRDEMGCGS

\


8 4<796

THGHKCDEMGCGKPBHKCBHZMBK{LCPMKDIK~IF]IK{IBKIKBMEBIKDIBMKDIK
ZGPYIKRLPEFGH\MEKDHK@@KRDEMGCGSKHKwHDMLHKPMKEMKH~GMJKLI{HLCMKIK
HGPC|IKAMKCBHZMBKMBKEMPK{IBYPFHAIGSK

@KCBHZMBKEMG}KCDEMGCAHKDIKLI{HLKIDAMKMEFH|HKEMPK{PGEIGS
rKPMKEMG}KMDECDHAIKHZIGHKKYGHFC{HBMDFMKCZPHLKYHGHKFIAIKIEK
+
@IKCDEMGCGKHKCBHZMBKKYIEE|MLKI~EMG|HGKPMKHKBMEBHKMDPHDFIK
EMLM{CIDHAHKYIEEPCKPBHK{HCHKYIDFCLxHAHEKMBKEPHK|ILFHJKYHGHK
BI|MGKHKCBHZMBKAMKLI{HLJK~HEFHK{LC{HGKEI~GMKMLHKMKHGGHEFHGKYHGHKIK
LI{HLKAMEMwHAIJKEMKYGM{CEHGKGMACBMDECIDHGKHKCBHZMBJK~HEFHK{LC{HGK
MBKPBKAIEKYMPMDIEKPHAGHAIEKMBKEPHEKMFGMBCAHAMEJKPMKE]IK
{xHBHAIEKYIGK@L\HEKAMKGMACBMDECIDHBMDFISK
THGHKEHCGKAHKEMLM\]IKAHKCBHZMBJK~HEFHKHYMDHEK{LC{HGKMBK
PHLPMGKIPFGHKYHGFMKAIKFMFISK@IK{LC{HGKEI~GMKHKCBHZMBJKHK~HGGHK
+

rKYGCBMCGIKZGPYIKKIK@wPEFHGJKAMDFGMKHEKIY\MEKFMBIEKGCLxIKMK
OIDFGHEFMJKPMKYMGBCFMK{LHGMHGKIPKME{PGM{MGKHKCBHZMBKMKHAC{CIDHGK
IPKGMBI|MGKIK{IDFGHEFMSKTIAMBIEKGM{ILIGCGKHKCBHZMBS

XDFGMKHEKIY\MEKAMKGM{ILIGCGKYIAMBIEK{ILI{HGKDIEEHKCBHZMBK
MBKFIDEKAMK{CDHJKYGMFIKMK~GHD{IJKAME~IFHGKHKCBHZMBKMKGMBI|MGK
3
{IBK[PDAIKFGHDEYHGMDFMSK@KIY\]IKOIBYH{FHGKRBHZMDEKYMGBCFMK
AMCHGKEPHKCBHZMBKBHCEKHAMPHAHKHIKMACFIGKAMKFMFIESK@IK{LC{HGK
DMEFHKIY\]IKIKs IGAKBIEFGHKHKEMZPCDFMKwHDMLH,
g

TIAMVEMKHYLC{HGKHK{IBYH{FH\]IKHKCBHZMBKEMLM{CIDHAHJKIPKHK
FIAHEKHEKCBHZMDEKAIKFMFISKTIAMBIEKHLFMGHGKHKGMEILP\]IKAHKCBHZMBSK
+K
H~HDAIDHDAIKFIAHEKHEKHLFMGH\MEK[MCFHESKrKYGUCBIKZGPYIK{xHBHV
EMKNIB~GHJK{IBIKIKYGUYGCIKDIBMKACJKYMGBCFMKHAC{CIDHGKPBHK
EIB~GHKHKCBHZMBKPMK[ICKCDEMGCAHS

IK~IF]IKX[MCFIEKAMKNIB~GHJK|I{KYIAMG}KME{ILxMGKHLZPBHEK
YIEC\MEKAMKEIB~GHKTGIwMFHAHJKTMGEYM{FC|HKMK{IGKAHKEIB~GHSK
++
BMCIKHKIY\]IKAMKHFC|HGKMKAMEHFC|HGKHKEIB~GHSKIKZGPYIKrGZHDCHGKK
++

+
++


@IK{LC{HGKDHKIY\]IK HCEKrY\MEKAMKHIPFKH~GMVEMKHKwHDMLHK
HIPFK@|HD\HAIKPMKYMGBCFMKFGH~HLxHGKHKACEYIEC\]IKAHKCBHZMBK
MBKGMLH\]IKHIK~LI{IKAMKFMFIKDIKPHLKMLHKMEFHKCDEMGCAHSKXEEHEK
BMEBHEKIY\MEKMEF]IKACEYID|MCEKDHKIY\]IK PM~GHK@PFIB}FC{HK
AMKQMFIKDMEEMKBMEBIKZGPYISK@IK{ILI{HGKHKEPHKCBHZMBKMBKPBHK
ACEYIEC\]IK{IBKIKFMFIJKKxH~CLCFHAIKHLZPDEKGM{PGEIEKAHK~HGGHKAMK
CBHZMDESKOIBIK~IGAHE

@FGH|EKAMEFMKZGPYIKKYIEE|MLKH{GME{MDFHGK~IGAHEKHKEPHK
CBHZMBKXKDIKZGPYIKrGZHDCHGKMLMKxH~CLCFHKHEKIY\MEKAMKQGHMGK
YHGHKGMDFMJKXD|CHGKYHGHKQG}EKMK@LCDxHGSK@IK{LC{HGKDIK~IF]IKQGHMGK
YHGHKGMDFMJKMLMKH~GMKFGEKIY\ME,KQGHMGKYHGHKGMDFMKMK@|HD\HGJK
E]IKPFCLCHAHEKPHDAIKxIP|MGKAPHEKIPKBHCEKCBHZMDEKMK|I{KYGM{CEHK
BPAHGKIKMBYCLxHBMDFIKAMLHESK@KIY\]IKQGHMGKYHGHKGMDFMKAIKQMFIK
;.
CBHZMBKMKHIKEMLM{CIDHGKHEKCBHZMDEKFCLCMKHKFM{LHKNRQJK|I{K
YIAMG}KHLCDxHGKHEKEPHEKCBHZMDES

IKZGPYIK@wPEFHGKw}KFMBIEKHLZPBHEKHLFMGH\MEJKHIK{LC{HGK
3
EIB~GMHBMDFIEKYHGHKHKCBHZMBSK

TIAMBIEKHYLC{HGKFHB~BKIEKX[MCFIEKAMKRBHZMB

5=60?
OLCYV@GFKE]IKCBHZMDEJKYIGBKE]IKCBHZMDEKPMK[HMBKYHGFMK
X
{LC{HGKDHKIY\]IKOLCYV@GFSKHKACGMCFHKAHKFMLHKH~GMVEMKHKIY\]IKAMK
{IDEPLFHKHIEK{LCYV@GFS

KKKKKK
rKLFCBIKZGPYIKKGM[MGMDFMKGEKACBMDEMEKAHKCBHZMBSK

MEFMKZGPYIK|I{KYIAMK{IGFHGKHKEPHKCBHZMBJKIPKGMACBMDECIDHGK
-
rEK{IBHDAIEK|CEFIEKHFKIKBIBMDFIKMEFH|HBKACEYID|MCEK
AHKEMZPCDFMK[IGBHJKYICEKDIEEIKAI{PBMDFIKMEFHKEHL|IKMBSrOKK
+
MBKSrOK{IBYHF|MLKEIBMDFMK{IBKHK|MGE]IKvyyJKH{IDFM{MBK
HLZPBHEKHLFMGH\MEKDHK~HGGHKAMKCBHZMDESK

m


OLCPMKEI~GMKHKCBHZMBKHKEMGKHAC{CIDHAHKHIKEMPKFMFIK{IBKIK
~IF]IKACGMCFIKMKME{ILxHKOIYCHGKOQjOSKOLCPMKMBKEMPKFMFIK
IDAMKIKOLCYV@GFKAM|MKEMGKHAC{CIDHAIKMK{LCPMKMBKOILHGKOQjK
+^+
CBHZMDES
IGBHE
TIAMBIEKFHB~BKHAC{CIDHGK[IGBHEKHIKDIEEIK{IDFMAIKAIKFMFI

@CDAHKDMEEMKZGPYIKFMBIEKHKIY\]IKAMKFGH~HLxHGBIEKHEK{IGMEJK
{IDFIGDIKMKHLFMGHGKHK[IGBHS

THGHKAMEMDxHGKPBHK[IGBHJKIKYGI{MEEIKKECBYLMEJK~HEFHK{LC{HGK
0
EPHEKACBMDEMESK@IKAMEMDxHGKHKEPHK[IGBHKHK~HGGHKYHEEHKHKFMGKHEK

rKYGCBMCGIKZGPYIK{xHBHVEMKRDEMGCGKIGBHJKMLMKYIEEPCKHK
[MGGHBMDFHKAMKRDEMGCGKPBHK[IGBHSK@IKLHAIKFMBIEKHK[MGGHBMDFHK
XACFHGKIGBHKMEEHK[MGGHBMDFHKYMGBCFMKFGH~HLxHGKIEKDUEKAHK[IGBHKK
@LZPBHEK[IGBHEK~LIPMCHBKHKPFCLCH\]IKAMEEHK[MGGHBMDFHSK@~HCIK
AMLHKFMBIEKHK[MGGHBMDFHKAMK{HCHKAMKFMFIJKPMKYMGBCFMKHAC{CIDHGK
PBHK{HCHKAMKFMFIKHIKEMPKAI{PBMDFISKXEFHDAIK{IBKPBHK[IGBHK
[M{xHAHJKYIAMBIEKFGHDE[IGBHGKMEEHK[IGBHKMBKPBHK{HCHKAMKFMFISK
@IKLHAIKFMBIEKIKWGPYIKXEFCLIEKAMKIGBHS

rEKYGCBMCGIEK~IFMEKYMGBCFMBKHYLC{HGKPBKMEFCLIKHKEPHK[IGBHS

6r

@KIY\]IKRBHZMBKYGMMD{xMKEPHK[IGBHK{IBKHLZPBHKCBHZMBSK@K
IY\]IKWGHAH\]IKYMGBCFMKHYLC{HGKFIDEKAMKZGHACMDFMKMBKEPHK[IGBHSK


@IK{LC{HGKMBK HCEKWGHAH\MEJKEMG}KYIEE|MLKYMGEIDHLCHGKHK
[IGBHK{IBIKEMG}KIKYGMMD{xCBMDFIKAIKZGHACMDFMS

HKZPCHKZGHACMDFMJKFMBIEKHEKIY\MEKAMKBHK{IGJKPHEK{IGMEKMK
^
@IKME{ILxMGKPBHK{IGK|I{KYIAMKME{ILxMGKHK{IGKHKEMGKHYLC{HAHJK

AIKZGHACMDFMKMK{IBIKEMG}KIKEIB~GMHBMDFISK

^
YGMMD{xCBMDFIKYGIDFHES

@KWPCHKQMFPGHKYMGBCFMKHYLC{HGKCBHZMDEK{IBIKFMFPGHEK
HIKYGMMD{xCBMDFIJKHKZPCHKTHAG]IKYMGBCFMKHYLC{HGKYHAGMEKAMK
YGMMD{xCBMDFIKMKCBHZMBKYMGBCFMKHYLC{HGKPBHKCBHZMBK@YUEKIK
ZGPYIKXEFCLIEKAMKIGBHKFMBIEKIKZGPYIKEIB~GHKMKHYUEKMLMKIKZGPYIK
X[MCFIEKS

+
vJKIKD|MLKAMKFGHDEYHGD{CHKMKIKEIB~GMHBMDFISK
TIAMBIEKHYLC{HGKM[MCFIEKFGCACBMDECIDHCEKMBKDIEEHEK[IGBHESK
@LBKAMKHYLC{HGKIKM[MCFIEKYIAMBIEKBPAHGKHK{IGKAIKJKHLFMGHGKHK
YGI[PDACAHAMJKHKACGM\]IJKLPBCDIECAHAMKMKEPYMG[{CMSK@EKAMBHCEK
IY\MEKAHKIGBHKE]IKCADFC{HEKHEKAHEKCBHZMDES
NBHGF@GF
rKNBHGF@GFKYMGBCFMKHIK|I{KHAC{CIDHGKrGZHDIZGHBHEKHIK
:
AI{PBMDFIKMEFC|MGKEHL|IKMBKrOJKHIK{LC{HGKDMEEMK~IF]IJKMLMK
xH~CLCFHKHKEMZPCDFMKwHDMLH,
6

@LFMGMKIEKFMFIEK{ID[IGBMKHKEPHKDM{MEECAHAMSK@IK{LC{HGKDIKFIYIK
MBKMGGHBMDFHEKNBHGF@GFJKEMG]IKBIEFGHAHEKHEKIY\MEKAMKHLFMGH\]IK
AIKI~wMFIS
HEFHKEMLM{CIDHGKIKFCYIKAMKIGZHDIZGHBHKHKEMGKFGH~HLxHAIKMK
{LCPMKMBKrSKTIGBKEMKIK[IGBHFIKAMKEMPKAI{PBMDFIK[IGKrOJK
HKwHDMLHKHKEMGKBIEFGHAHKEMG},

rKYGCBMCGIK~IF]IKKIKAMK@AC{CIDHGKPBHK[IGBHSKHEFHK{LC{HGK
MBKPBK~IF]IKAIKBMEBIKD|MLKAIKPMKEMG}K{GCHAIKMK{LC{HGKDMEFMK
~IF]ISKrPFGHK[IGBHKAMKEMK{GCHGKDI|HEK{HCHEKAMDFGIKAMKPBKBMEBIK
D|MLKKHIKFMGBCDHGKAMKACZCFHGKIKFMFIKYGMEECIDHGKXQXSK@CDAHK
3K
YMGBCFMKBPAHGKIKD|MLKxCMG}GPC{IKAMKDIEEIKIGZHDIZGHBHSKIK
ZGPYIKHIPFKYIAMBIEKBPAHGKHKACEYIEC\]IKAMKDIEEIKIGZHDIZGHBHSK
rKYGUCBIKZGPYIKKIKXEFCLIEKAMKNBHGF@GFKPMKYMGBCFMKBPAHGKHEK
{IGMEKMKIKMEFCLIKAIKIGZHDIZGHBHS

XBKxCMGHGPCHJKME{ILxHKIKYGCBMCGIKAHKEMZPDAHKLCDxHKMK{LCPMK
MBKrS

 10:0?

0
+Y
QMFIKAHK@@KRDEMGCGKFMBIEKIK~IF]IKAMKs IG@GFKNMLM{CIDMKPBK
[IGBHFIKAMKs IGA@GFKMK{LCPMKEI~GMKMLMS
6

NMG}KEILC{CFHAIKHKACZCFH\]IKAIKFMFIKAIKs IGA@GFSKCZCFMKEMPK
FMFIKMK{LCPMKMBKrSKNMG}KBIEFGHAHKHK~HGGHKAIKs IGA@GF

rKYGCBMCGIKZGPYIKKIKQMFIJKDMEEMKZGPYIKYIAMBIEKMACFHGKIK
Y
XEFCLIEKAMKs IGA@GFKYIAMVEMKBPAHGKHK[IGBHKAIKs IGA@GFJKAMYICEK
FMBIEKIEKZGPYIEKAMKNIB~GHJKX[MCFIEKJKrGZHDCHGKMKQHBHDxIS

a X+
MEPMGAIKAHKwHDMLHKAIKX{MLJKHYHGM{MG]IK[PD\MEK{IBIKNHL|HGJK
RBYGCBCGKMKM{xHGKMDFGMKIPFGHEJKPMKE]IKHEKYGCD{CYHCEKH\MEKAMEEMK
HYLC{HFC|IS

4n46
rKX{MLKvyyuKKPBKYGIZGHBHKYHGHKMLH~IGH\]IKAMKYLHDCLxHK
MLMFGqDC{HJK{IDEFCFPCDAIKYIAMGIEHK[MGGHBMDFHKAMKHPLCIKGKMM{P\]IK
AMKFGH~HLxIEKPMKMD|IL|MBK{}L{PLIEKBHFMB}FC{IESK
OIBKMEEMKHYLC{HFC|IJK|I{KYIAMK{GCHGKPBHKZGHDAMKAC|MGECAHAMK
AMKAI{PBMDFIEJKPFCLCHDAIKGM{PGEIEK{IBIK[UGBPLHEJKHFPHLCH\]IK
+
YIGK|HLIGMEKYGMMEFH~MLM{CAIEKMDFGMKBPCFIEKIPFGIES
MEFHK|MGE]IJKIKX{MLKEPGZMK{IBKPBHKDI|HKCDFMG[H{MJKMBKPMK
IEKFGHAC{CIDHCEKBMDPEKAMKIY\MEKAMEHYHGM{MBKMKA]IKLPZHGKHKPBHK
HCHKAMKrY\MEK{IBKAC|MGEHEKZPCHEJKIDAMKYIAMBIEKMD{IDFGHGJK
BHCEK[H{CLBMDFMJKIEK{IBHDAIEKDM{MEE}GCIEKYHGHKMM{PFHGKHEKFHGM[HEK
PMKDIEKYGIYIBIEKGMHLCHGS
364851049:1646497546:164875

541
}K|}GCHEK[IGBHEKAMKH{MEEHGKIKX{MLSK@KBHCEKPFCLCHAHKK{LC{HGK
+.a a
3

3360746:76?04B4516:1648756

IZIKPMKH~GCBIEKIKX{MLJKPBKAI{PBMDFIKK{GCHAIK
HPFIBHFC{HBMDFMK{IBKIKDIBMKAMKTHEFHKMKK|CEPHLCHAHKPBHKwHDMLHK

6

X+ JK|I{KYIAMG}KYMGEIDHLCHGK
XZK
OHCHKAMKLCEFHZMBKLCEFHKAMKIY\MEKACEYID|MCEK SKTHGHKHFC|HGKIPK
AMEHFC|HGKPBK{IBHDAIJK~HEFHK{LC{HGKEI~GMKMLMS


HGGHKAMKQFPLIKK IEFGHKIKFFPLIKAIKYGIZGHBHKMKIKDIBMKAHKYHEFHK


IF]IK@wPAHK 0
EHL|HKDIK{IBYPFHAIGS
OIDFGILMKAHKHDMLHKKOIDFGILMEKYHGHK CDCBCHGKHYHGM{MKDHK
a K
YIAMKEMGKGMACBMDECIDHAHK{ID[IGBMKHKDM{MEECAHAMKMKM{xHGK[M{xHK
HKwHDMLHSKI{KYIAMG}KPFCLC}VLIEKYHGHKIKX{MLKIPKYHGHK{HAHKYHEFHK
H~MGFHS

RDFMG|HLIKAMK{LPLHKKPHEKIPKBHCEK{LPLHEKEMLM{CIDHAHES

HCHKAMKrY\MEKK@KHCHKAMKrY\MEKKIKLI{HLKIDAMKMEF]IKIEK
YGCD{CYHCEK{IBHDAIEKAIKX{MLJKEMYHGHAIEKYIGKZPCHE,KRD{CIJKRDEMGCGJK
HIPFKAHKT}ZCDHJKUGBPLHEJKHAIEJKM|CE]IKMKXC~C\]IS

OHCHKAMKDIBMEKKXC~MKIKDIBMKAHK{LPLHKHFC|HJK[IGBHAIKYMLHK
LMFGHKAHK{ILPDHKMKIKDBMGIKAHKLCDxHSKTIGKMMBYLIJK@SKOHEIK|}GCHEK
{LPLHEKMEFMwHBKEMLM{CIDHAHEJKEMG}KMC~CAIKIKDIBMKAHKYGCBMCGHS

RDEMGCGK[PD\]IK
KKRDEMGMKPBHK[UGBPLHKYGVAMEMD|IL|CAHK
9
HGGHKAMK[UGBPLHEKKI{HLKIDAMKIEK|HLIGMEKACZCFHAIEKDBMGIEJK
[UGBPLHEKMKFMFIEKEMG]IK|CEPHLCHAIEKMKMACFHAIES

XYHDACGK~HGGHKAMK[UGBPLHEK K@PBMDFHKHK|CEPHLCH\]IKAHK
HGGHKAMK[UGBPLHESKXEF}KLI{HLCHAIKGKACGMCFHKAMLHS
C|CEIGMEKAMKYLHDCLxHK|MGFC{HLKMKxIGCIDFHLKKC|CAMBKHK
YLHDCLxHK|MGFC{HLKIPKxIGCIDFHLBMDFMKYHGHK[H{CLCFHGKHK|CEPHLCH\]IK
AIEKAHAIESKXEF]IKLI{HLCHAIEKDHEK~HGGHEKAMKGILHZMBK|MGFC{HLKMK
xIGCIDFHLKGMEYM{FC|HBMDFMS
HGGHEKAMKGILHZMBKKTMGBCFMBKDH|MZHGKYMLHKYLHDCLxHJKPHDAIK
MLHK[IGKBHCIGKPMKHKFMLHS

OLPLHKKJGMHKAMKAHAIEKLCBCFHAHKYIGKLCDxHEKMK{ILPDHES

OLPLHKHFC|HKKOLPLHKPMKGM{M~MG}KIK{IDFMAIKHKEMGKACZCFHAIS

CDxHKKOIDwPDFIKAMK{LPLHEKDHKYIEC\]IKxIGCIDFHLS

OILPDHKKOIDwPDFIKAMK{LPLHEKDHKYIEC\]IK|MGFC{HLS
IFMEK AMK BI|CBMDFH\]IK MDFGMK YLHDCLxHEK K TMGBCFMBK
BI|CBMDFHGVEMKMDFGMKHEKYLHDCLxHEKPMKD]IKMEF]IKEMDAIK|CEPHLCHAHEK
DHKZPCHKAMKYLHDCLxHESK
66

WPCHKAMKYLHDCLxHEKKXC~MKIEKDIBMEKAHEKYLHDCLxHEKPMK[HMBK
YHGFMKAHKYHEFHKMKYMGBCFMKCDEMGCGKDI|HEKYLHDCLxHES

HGGHKAMKEFHFPEKK IEFGHKCD[IGBH\MEKEI~GMKHKYLHDCLxHKHFPHLJK
FHCEK{IBIKEMKHK{LPLHKMEF}KEMDAIKMACFHAHJKEMKIK{IDFMAIKMEF}KYGIDFIK
MF{SKC{HKLI{HLCHAHKDHKBHGZMBKCD[MGCIGKAHKFMLHS
IAIEKAMKMC~C\]IKK@EKIY\MEKAMKMC~C\]IKE]IKMD{IDFGHAHEK
GKACGMCFHKAHKHGGHKAMKEFHFPEKMKYMGBCFMBKHLFMGHGKHK|CEPHLCH\]IKAHK
YLHDCLxHSKN]IKHEKEMZPCDFME,K

336<:4
NMKYGM{CEHGKAMKHwPAHJKKEUK{LC{HGKDIK~IF]IK@wPAHK
JKLI{HLCHAIKDIK{HDFIKEPYMGCIGKACGMCFIKAHKwHDMLHKAIKX{MLJKIPK
YGMEECIDHGKHKFM{LHKSK@~GCGVEMV}JKMDF]IJKPBHKwHDMLHJK{IBIKBIEFGHK
/
OPGCIECAHAM
PHDAIK|I{KH~GCGKHKwHDMLHKAMK@wPAHJKIKX{MLKFMDFHG}K{IDM{FHGV

{IDFMAIKIDLCDMKKBHCEK{IBYLMFIKMKHFPHLCHAISK
6H


;
0
+
IY\]IK IEFGHGK{IDFMAIKHYMDHEKAMEFMK{IBYPFHAIGSK

33649?79:79:16 7510616 79<6:164875

X+ JKMD{IDFGHGMBIEKHEKEMZPCDFMEK
[PD\ME,

@FMD\]I
BHKYHEFHKAMKFGH~HLxIKAIKX{MLKKPBKHGPC|IKPMK{IDFBKPBHK
IPKBHCEKYLHDCLxHEJKPMKYIAMBKEMGKPEHAHEKYHGHKIGZHDCHGKAC|MGEIEK
FCYIEKAMKCD[IGBH\MEKGMLH{CIDHAHESK
RDEMGCDAIKAHAIEK
TIGKYHAG]IJKHKYHEFHKAMKFGH~HLxIKK{GCHAHK{IBKFGEKYLHDCLxHESK
OHAHKPBHKAMLHEKFMBKPBKDIBMKDHKZPCHKAMKYLHDCLxH,KTLHDJKTLHDvKMK
TLHDSKrEKAHAIEKE]IKCDEMGCAIEKDHKYLHDCLxHKHFC|HSK
THGHKDH|MZHGKMDFGMKMLHEJK~HEFHK{LC{HGKEI~GMKEMPKDIBMSK
HBIEKCDEMGCGKHLZPDEKAHAIEKDHKYHEFHK{GCHAHJKHKEMGKPFCLCHAHK
YIEFMGCIGBMDFMKYHGHKYGHFC{HGBIEKIEKAMBHCEK{IBHDAIESK
@IK{IBM\HGKHKACZCFHGJK|I{K|MG}KIK{IDFMAIKDHK{LPLHKMKDHK
HGGHKAMK[UGBPLHESKCZCFMKIEKAHAIEKMKYGMEECIDMKHKFM{LHKXQXKYHGHK
BI|MGKIK{PGEIGKYHGHKHK{LPLHKH~HCIKIPKHKFM{LHKQ@KYHGHKBI|MGKIK
{PGEIGKYHGHKHK{LPLHKGKACGMCFHS
NMK|I{KYGMEECIDHGKHKFM{LHKXNOJKIK{IDFMAIKACZCFHAIKEMG}K
{HD{MLHAIS

I{KAM|MKFMGKI~EMG|HAIKPMKIK{IDFMAIKAHK{LPLHK@KKTHEFHK
YILCIDAHKKKBHCIGKPMKHKLHGZPGHKAHK{ILPDHKMKCD|HACPKHK{LPLHKSK
REEIKH{IDFM{MJKYIGPMKHK{LPLHKKMEF}K|HCHSK
@EECBKPMKMLHK[IGKYGMMD{xCAHJKIK{IDFMAIKEMG}K|CEPHLCHAIK
YHG{CHLBMDFMSK HCEKHACHDFMJK|MGMBIEK{IBIKGMEIL|MGKMEEMKYGI~LMBHS
Y3+0
vSKMLHJK|I{KYIAMKME{ILxMGKPBKBIAMLIKLHIPFKYHGHKIKDI|IK
AI{PBMDFISKrKBIAMLIKYHAG]IKKTHEFHKAMKFGH~HLxIKMBK~GHD{IS
6N


EHDAIKBIAMLIEKYGIDFIEKYHGHK{GCHGKYLHDCLxHE
@KEMZPCGJK|HBIEK|MGKHLZPDEKBIAMLIEKAMKYLHDCLxHEKPMKYIAMBK
EMGK[MCFIEK{IBKIKHPLCIKAIKX{MLSKTHGHKH{MEE}VLIEJK{LCPMKDIKIF]IK
KMJKMBKEMZPCAHJKDIK~IF]IKI|ISK
@YUEKEMLM{CIDHGKIKBIAMLIKAMEMwHAIJK~HEFHK{LC{HGKMBKHCHGS

NHL|HGKKTHGHKEHL|HGKZGH|HGKPBHKYHEFHKAMKFGH~HLxIJK{LCPMK
X+ KMJKMBKEMZPCAHJKMBKNHL|HGSKHLMKLMB~GHGKPMK
HKYHEFHKAMKFGH~HLxIKKEHL|HK{IBKHEKHLFMGH\MEKGMHLCHAHEKHFKIK
+
ACEEIKD]IKMEFHG}KEHL|IJKMDPHDFIKD]IK{LC{HGKDI|HBMDFMKMBKNHL|HGSK
rKHGPC|IKFMG}KHKMFMDE]IKSLEJKPMKKCDEMGCAHKHPFIBHFC{HBMDFMK
YMLIKX{MLSKHBIEKEHL|HGKHKYHEFHKAMKFGH~HLxIKPMKH{H~HBIEKAMK
{GCHGK{IBKIKDIBMKAMKTHGFMTGHFC{HS
]IKEMKMEPM\HKAMKPMKFIAHEKHEKYLHDCLxHEKEMG]IKEHL|HEKMKD]IK
HYMDHEKHKHFPHLS

C{HE
THGHK[H{CLCFHGKHK~PE{HKYIGKEMPEKHGPC|IEJKx}KHLZPBHEKAC{HEK
EI~GMKHKDIBMH\]IKAMLME,
VKEMKYHLH|GHEV{xH|MKPMK[H{CLCFMBKHKBMBIGCH\]IS
VKXE{GM|HKHEKYHLH|GHEKPEHDAIKCDC{CHCEKBHCE{PLHES
VKX|CFMKYGMYIEC\MEKMDFGMKHEKYHLH|GHES
VKX|CFMKH{MDFIEKMK{MACLxHES
VKRDECGHKAHFHEJKPHDAIKDM{MEE}GCIS
XMBYLI,KNMK|I{K[IGKEHL|HGKPBKGMLHFUGCIKEMBHDHLKAMK{PEFIEJK
PBK~IBKDIBMKEMGCHKMLNMBOPEFIEyz HGS
YEa F
GMLHFUGCIKEMKGM[MGMJKEMBKYGM{CEHGKH~GCVLIS
KCBYIGFHDFEECBIKIKx}~CFIKAMKBHDFMGKIKAI{PBMDFIKEHL|ISK
XDFGMFHDFIJK{HEIK|I{KEMKMEPM\HKACEEIKMJKYIGKHLZPBKYGI~LMBHJK
IK{IBYPFHAIGKEMKAMELCZPMKCDMEYMGHAHBMDFMKIPKFGH|MJKHCDAHKx}KIK
GM{PGEIKAHKM{PYMGH\]IKHPFIB}FC{HKAMKHGPC|IES
OIBIvKM{PYMGH\]IKHPFIB}FC{HKAMKHGPC|IEv
NCBKKNMBKPMK|I{KDIFMJKAMKFMBYIEKMBKFMBYIEJKIKX{MLKvyyuK
EHL|HKHKYHEFHKHPFIBHFC{HBMDFMJKYHGHKPMK|I{KD]IK{IGGHKIKGCE{IKAMK
YMGAMGKEMPKFGH~HLxISK
@EECBJKDHK|MKEMZPCDFMKMBKPMK|I{KH~GCVLIJKHYHGM{MG}KPBHK
wHDMLHK{IBKHKLCEFHKAMKFIAHEKHEKYHEFHEKGM{PYMGHAHESKHEFHJKMDF]IJK
{LC{HGKDHPMLHKPMK|I{KAMEMwHKH~GCGS
6\

@~GCGKK@IKLHAIKAIEK~IFMEKAIKBMDPJKx}KPBHK}GMHK{IBKIKFFPLIK
I{PBMDFIEK
KY+
AI{PBMDFIEKH{MEEHAIEK{IBKIK
{IDMK
AIEKBHCEKGM{MDFMEJK~HEFHKK{LC{HGKDMEFMK{IDMJKPMKHYGMEMDFHG}KHK
EMZPCDFMK[IGBH,K S

@IK{LC{HGKDIK~IF]IK@~GCGJKHYHGM{MG}KPBHKwHDMLHSKMLHJK|I{K
AM|MKYGI{PGHGKIKHGPC|IKPMKAMEMwHKH~GCGS


W+0
+
Y}ZCDHEKHKEMGMBKCBYGMEEHEJKDBMGIKAMK{UYCHEKMF{SK

@IKLI{HLCHGKIKHGPC|IKAMEMwHAIJK{LCPMKMBK@~GCGS
NHL|HGK{IBIKKTHGHKEHL|HGKPBHKYHEFHKAMKFGH~HLxIKDIKX{MLJK
X+ KMJKMBKEMZPCAHJKMBKNHL|HGS
NMK[IGKYGM{CEIKEHL|HGKHKYHEFHKAMKFGH~HLxIK{IBKIPFGIKDIBMK
IPKMBKIPFGIKLI{HLJK{LCPMKDIK~IF]IKNHL|HGK{IBIJKACZCFMKIKDIBMK
AMEMwHAIKMMIPKEMLM{CIDMKIKLI{HLKAMEMwHAIKJKOJKYMDAGC|MKMF{SK
MK{LCPMKMBKNHL|HGS

RBYGCBCGKKTHGHKCBYGCBCGKPBHKYLHDCLxHJKKDM{MEE}GCIKFMGKPBHK
CBYGMEEIGHK{IDM{FHAHKHIK{IBYPFHAIGKIPKHKPBHKGMAMKLI{HLSK
@IK{LC{HGKDIK~IF]IKRBYGCBCGJKHYHGM{MG]IKFGEKIY\MEJK{IBIK
/

W++K
+
W+1+
EMPKAI{PBMDFISK
THGHK|ILFHGKGK|CEPHLCH\]IKDIGBHLJK{LCPMKDIK~IF]IKM{xHGK
CEPHLCH\]IKAMKRBYGMEE]ISK

M{xHGKKXCEFMBK|}GCHEK[IGBHEKAMKMD{MGGHGKIKX{MLSKBHK
X+ KMKDIK~IF]IKM{xHGS
OHEIKxHwHKHLZPBHKHLFMGH\]IKMBKEPHKYHEFHKAMKFGH~HLxIKPMKD]IK
FMDxHKECAIKEHL|HJKHYHGM{MG}KHKEMZPCDFMKBMDEHZMB,

C{H
@K[IGBHKBHCEKG}YCAHKAMKMD{MGGHGKIKX{MLKK{LC{HGKDIK{IDFGILMK
M{xHGJKMBKEPHKwHDMLHSK
6g


MB~GMVEMKAMKPMKIKYGCBMCGIK{IDFGILMKGM[MGMVEMKHIKYGIZGHBHKMK
IKEMZPDAIJKGKYHEFHKAMKFGH~HLxIS

W3+a +a
r{PLFHGJKIIBJKHDMLHKMK H{GIES
@LZPDEKZGPYIEKFBKPBHKEMFHKACHZIDHLKDIK{HDFIKCD[MGCIGKACGMCFIJK
{xHBHAHKAMKRDC{CHAIGKAMKOHCHKAMKC}LIZISK@IK{LC{HGKDMLHJK|I{K
|MG}KBHCEKIY\MEKGMLH{CIDHAHEKHKMEEMKZGPYIS
WPCHEKAMKTLHDCLxHK

SSK@KHCHKAMKrY\ME
@KHCHKAMKrY\MEKBIEFGHKIEK{IBHDAIEKBHCEKPFCLCHAIEK
HZGPYHAIEKYIGKFMBHEJKYHGHK PMK|I{KD]IKYGM{CEMKYGI{PG}VLIEKMBK
|}GCIEKBMDPEJK[H{CLCFHDAIKIKFGH~HLxISK

@KEMZPCGJKHYGMEMDFHBIEKHKHCHKAMKrY\MEKMK{IBIKFGH~HLxHGK
{IBKMLHS
SSSKrKPMKx}KDHKHCHKAMKrY\MEv
}KFGEK{IBYIDMDFMEK~}EC{IEKDHKHCHKAMKrY\MESKMwHKPHCEK
E]IKMK{IBIKPFCLC}VLIES

SK WPCHEKK}KEMFMKZPCHEK~}EC{HEKDHKYHGFMKEPYMGCIGSKOHAHK
PBHKGMYGMEMDFHKPBHK}GMHKAMKHFC|CAHAMKMKHYGMEMDFHKIEK{IBHDAIEK
GMPDCAIEKYIGKZGPYIESKTIGKMMBYLIJKHKZPCHKRD{CIK{IDFBKFIAIEKIEK
{IBHDAIEKPMK|I{KPFCLCHK{IBKBHCEK[GMPD{CHSKXKIEK~IFMEKMV
{IGFHGJKOIYCHGKMKOILHGKMEF]IKDIKZGPYIKJGMHKAMKFGHDE[MGD{CHSK
vSK WGPYIEKKOHAHKZPCHKFMBK|}GCIEKZGPYIEJKPMKBIEFGHBKIEK
CFMDEKGMLH{CIDHAIEKMBK{IDwPDFIS
SK OIBHDAIEKKBK{IBHDAIKKPBK~IF]IJKPBHK{HCHKYHGHK
CDEMGCGKCD[IGBH\MEKIPKPBKBMDPS
C{H
@KHCHKAMKrY\MEK[H{CLCFHKHKLI{HLCH\]IKAMKFIAHEKHEK[PD\MESK
IKMDFHDFIJK|I{KYIAMKPMGMGKFGH~HLxHGK{IBKEMPKAI{PBMDFIKMBKPBK
MEYH\IKBHCIGSKKYIEE|MLKI{PLF}VLHJKAHDAIKPBK{LCPMKAPYLIKDHKZPCHK
HFC|HSKTHGHK|MGKIEK{IBHDAIEKDI|HBMDFMJK~HEFHKAHGKIPFGIK{LCPMK
APYLIKMBKPBHKAHEKZPCHES
/
WZ3
OLPLHEKMKXAC\]IS
W.-.
W-.
YHGHK@wPEFHGJKrY\MEKAMKTLHDCLxHKMKrGZHDCHGS
WZ9XY
@PACFIGCHKAMK[UGBPLHEKMKO}L{PLIS
W
Z39
WK+K+
6m

K
BKHGPC|IKAIKX{MLKHIKCDC{CHGK{IBKFGEKZPCHEKAMKYLHDCLxHJK
MEFHEKZPCHEKYMGBCFMKPMKEMKYIEEHKMBKPBKDC{IKHGPC|IKHGBHMDHGK
BHCEKAMKPBHKYLHDCLxHJKCDC{CHLBMDFMKIKX{MLKYIEEPCKFGEKYLHDCLxHEJK

DI|HKYLHDCLxHSKI{KYIAMK{LC{HGK{IBKIK~IF]IKACGMCFIKAIKBIPEMKMBK
PBHKYLHDCLxHKMCEFMDFMKYHGHKBHDCYPLHGKHEKYLHDCLxHESK

HKwHDMLHKPMKKBIEFGHAHKKYIEE|MLKCDEMGCGKPBHKDI|HKYLHDCLxHJK
M{LPCGKPBHKYLHDCLxHKMCEFMDFMJKGMDIBMHGKPBHKYLHDCLxHJKBI|MGKIPK
{IYCHGKMEEHKYLHDCLxHJKMF{SSSK
 1= 79?4D16946549=546
THGHKEMLM{CIDHGKPBHK{LPLHKIPKFIGD}VLHKHFC|HJK~HEFHKBI|CBMDFHGK
IKGMFDZPLIK{PGEIGKAMKEMLM\]IKYHGHKHKYIEC\]IKAMEMwHAHSK@K
BI|CBMDFH\]IKYIAMG}KEMGK[MCFHKHFGH|EKAIKBIPEMKIPKFM{LHAISK
OIBKIKBIPEMKYHGHKEMLM{CIDHGKPBHK{LPLHK~HEFHKAHGKPBK{LCPMK
MBK{CBHKAMLHKMKI~EMG|MKPMKHK{LPLHKDHKPHLK|I{K{LC{IPKKBIEFGHAHK
{IBIKGM[MGD{CHKDHK~HGGHKAMK[UGBPLHES


NMK|I{KYGM{CEHGKEMLM{CIDHGKBHCEKAMKPBHK{LPLHJK~HEFHKBHDFMGK
YGMEECIDHAIKIKBIPEMKMKHGGHEFHGKEMLM{CIDHDAIKHEK{LPLHEKMBK
EMPD{CHSK

1704:10766769<9766
@K[PD\]IKKPBKBFIAIKPFCLCHAIKYHGHKFIGDHGKBHCEK[}{CLKMKG}YCAIK
HKBIDFHZMBKAMK[UGBPLHEKPMKMD|IL|MBK{}L{PLIEKBHCEK{IBYLMIEK
MK|}GCIEK|HLIGMESKKXCEFMBK[PD\MEKYHGHKIEK{}L{PLIEKBHFMB}FC{IEJK
+/:a 
@,@yKEMGCHKIKBMEBIKPMK@j@vj@j@Lj@j@Aj@uj@
j@zj@yJKEUKPMK{IBKHK[PD\]IKIKYGI{MEEIKYHEEHKHKEMGKBHCEK[}{CLSK
@CDAHK{ID[IGBMKIKMMBYLIKYIAMVEMKI~EMG|HGKPMKKDM{MEE}GCIK
^
{}L{PLIEKHKGM[MGD{CHKAMK{LPLHEK@KMKD]IKEIBMDFMK|HLIGMESK
@KPHDFCAHAMKAMKHGZPBMDFIEKMBYGMZHAIEKMBKPBHK[PD\]IK
AMYMDAMKAIKFCYIKAMK[PD\]IKHKEMGKPFCLCHAHSKrEKHGZPBMDFIEKYIAMBK
EMGKDBMGIEJKFMFIEJK|HLIGMEKLUZC{IEJKGM[MGD{CHEJKMF{SSSK
1704:10766

NMKYGM{CEHGKEMLM{CIDHGK{LPLHEKHLFMGDHAHBMDFMJK{LCPMKEI~GMKHK
YGCBMCGHK{LPLHKHKEMGKEMLM{CIDHAHJKYGMEECIDMKOQKMK|}K{LC{HDAIK
DHEKPMK|I{KPMGKEMLM{CIDHGSK

rYMGHAIGMEKE]IKEB~ILIEKBHFMB}FC{IEKPMKYMGBCFMBK[HMGK
{}L{PLIEKMK{IBYHGH\MEKMDFGMKHEK{LPLHESKrEKIYMGHAIGMEKE]I,K

TIAMBIEKFHB~BKDIEKBI|CBMDFHGK{IBKIKFM{LHAIJKDMEFMK{HEIK
PEHBIEKHK{IB~CDH\]IKAHEKEMFHEKAIKFM{LHAIK{IBKHKFM{LHKNRQSK

HBIEKBIDFHGKPBHKYLHDCLxHKECBYLMESK

49?04:46:76?78?166769 70166
HK}GMHKAMKFGH~HLxIKAIKX{MLKYIAMBKEMGKACZCFHAIEK{HGH{FMGMEJK
DBMGIEKMK[UGBPLHESK
+
HKFM{LHKXQXJKIPK{IBKHEKEMFHEKBPAHGKAMK{LPLHJKMEEMKGM{PGEIK
EIBMDFMKD]IKEMG}K|}LCAIKPHDAIKMEFC|MGKM[MFPHDAIKPBK{}L{PLISK
OHEIKYGM{CEMKHLFMGHGKIK{IDFMAIKAMKPBHK{LPLHKEMBKYGM{CEHGK
GMACZCFHGKFPAIKDI|HBMDFMJK{LCPMKEI~GMKMLHKMKYGMEECIDMKvJK[H\HKEPHK
HLFMGH\]IKMKYGMEECIDMKXQXKMBKEMPKFM{LHAISK
Hr

r~EMG|MKPMKIK{IDFMAIKAMKHLZPBHEK{LPLHEKKBHCIGKPMKHKEPHK
LHGZPGHJKYIAMBIEKH{MGFHGKCEEIKAHKEMZPCDFMK[IGBHSK
NMKYGM{CEHGKFGH~HLxHGKHKLHGZPGHKAMKPBHK{ILPDHJKYIEC{CIDIKIK
;

AHGKPBKAPYLIK{LCPMKPMK[HG}K{IBKPMKHKLHGZPGHKAHK{ILPDHKH{MGFMV
EMK{IBKIK{IDFMAISKTIEEIKFHB~BK{LC{HGK{IBKIK~IF]IKACGMCFIKAIK
BIPEMKMKME{ILxMGKHGZPGHKAHKOILPDHSK

rKI~wMFC|IKAMEFHKYLHDCLxHKK{HL{PLHGBIEKIK|HLIGKFIFHLKAMK{HAHK
YGIAPFIKPHDFCAHAMKBPLFCYLC{HAIKYIGK|HLIGKPDCF}GCIKMKAMYICEKIK
FIFHLKAMKFIAIEKIEKYGIAPFIESK
THGHKIKFIFHLKAMK{HAHKYGIAPFIKYGM{CEHBIEKPFCLCHGKIKIYMGHAIGK
AMKBPLFCYLC{H\]IKJKDIK{HEIKAIK IPEMKFMBIEKPMKHKPHDFCAHAMK
MEF}KDHK{LPLHK@LKMKIK|HLIGKPDCF}GCIKMEF}KDHK{LPLHKOLJKIKDIEEIK
{H\PLIKEMG}K[MCFIKDHK{LPLHKLSKTIAMGHBIEK[HMGKIKEMZPCDFMK{}L{PLIK

PHDFCAHAMKIPKIKSKPDCF}GCIKPMKMPKYGM{CEHGCHK[HMGKDI|HBMDFMKIK
+
GM[MGMD{CHDAIKHEK{LPLHEJKCDAMYMDAMDFMKAIK{IDFMAIKAMLHJKMLMK[HG}KHK
BPLFCYLC{H\]IJKAMEAMKPMKHLCKEMKFMDxHKPBKDBMGISK

r~EMG|MKPMKHIK[HMGKIK{}L{PLIKK{ILI{HAIKFHB~BKDHK~HGGHK
AMK[UGBPLHEJKMKBMEBIKHYUEKYGMEECIDHGKXQXJKHIK{LC{HGKEI~GMKHK
{LPLHKIDAMKMEF}KIKGMEPLFHAIJK|I{KYIAMG}K|MGK{IBIKEMK{xMZIPKHIK
GMEPLFHAIKYMLHK~HGGHKAMK[UGBPLHESKK

H

THGHKIK{}L{PLIKAIKFM{LHAIKKDM{MEE}GCIKMDF]IK[HMGKIK{}L{PLIK
AHKEMZPDAHKLCDxHK@OKMKHEECBKEP{MEEC|HBMDFMSKr~EMG|HBIEK
MDF]IKPMKHK{ILPDHKGMYGMEMDFHAHKYMLHKLMFGHKD]IKBPAHJKBPAHVEMK
EIBMDFMKIKDBMGIKPMKGMYGMEMDFHKHKLCDxHJKMKEMKDIEEHKYLHDCLxHK
FC|MEEMKPBHKZGHDAMKPHDFCAHAMKAMKYGIAPFIEJKGMYMFCGKIK{}L{PLIK
EMGCHK{HDEHFC|IKMK{IBK{MGFMHKEPwMCFHKHKMGGIESK PHDAIKFMBIEKPBHK
EMPD{CHKAMK{}L{PLIEK{IBIKHKDIEEHKYLHDCLxHKIKX{MLKYMGBCFMKPMK
EMK[H\HKPBKDC{IK{}L{PLIKMKHIKYIEC{CIDHGKIK{PGEIGKAIKBIPEMKDIK
{HDFIKCD[MGCIGKACGMCFIKAHK{LPLHKIK{PGEIGKEMKFGHDE[IGBHKMBKPBHK{GPK
D]IK{ID[PDACGK{IBKHKEMFHK~GHD{HKPMKYMGBCFMKBI|MGKIK{IDFMAIK
AHK{LPLHKMKHIKYGMEECIDHGKIKBIPEMKMKHGGHEFHGKMLMK{IYCHKHK[UGBPLHK
YIPYHDAIKFMBYISK
THGHK{HL{PLHGKIKFIFHLK|I{KYIAMGCHKPFCLCHGKIKEMZPCDFMK{}L{PLIK
LjjAjujJKYIGBKCEEIKD]IKEMGCHKDHAHKYGHFC{IKMBK
YLHDCLxHEKBHCIGMESKK PHDAIKFMDxIKEMPD{CHEKAMK{}L{PLIEKIKX{MLK
YMGBCFMKHKPFCLCH\]IKAMK[PD\MESK
IK{HEIKHK[PD\]IKHKEMGKPFCLCHAHKKHK[PD\]IKNr @JKHKEPHK
:a /0^
^+^
{LC{HVEMKKDHKK{LPLHKKCDC{CHLKKAHKKEIBHKKMKHGGHEFHVEMKHFKHKLFCBHK
{LPLHKHKEMGKEIBHAHJKMEFMKCDFMG|HLIKKGMYGMEMDFHAIKYMLIKECDHLKAMKAICEK
YIDFIEK,JKMK[M{xHBVEMKIEKYHGDFMEMESKK
XB~IGHK|I{KYIEEHK[HMGKBHDPHLBMDFMKDHK{LPLHKIKX{MLK
YIEEPCKPBKHEECEFMDFMKAMK[PD\]IKPMK[H{CLCFHKMKBPCFIKHKPFCLCH\]IKAHEK
BMEBHEKMBKEPHKYLHDCLxHSKKHK@@KRDC{CIKAIKX{MLKAMDFGIKAIKZGPYIK
XAC\]IKMCEFMKIK~IF]IKAMK[PD\]ISKKKKK

@KYGCBMCGHK[PD\]IKKwPEFHBMDFMKNIBHJKMDF]IK{LCPMKDHK{LPLHKMK
{LCPMKDIK~IF]IKAMK[PD\]ISK

r~EMG|MK{ID[IGBMKHKCBHZMBKPMKIKX{MLKH{GME{MDFHKHKEIBHK
MKIKCDFMG|HLIKAMK{LPLHEKYGMEECIDMKXQXKMK|I{KFMG}KEMPK{}L{PLISK

+

910 4?4D16:765<5466
@K[IGBHFH\]IKAMK{LPLHEKKBPCFIKEMBMLxHDFMKHKPMK|CBIEKYHGHK
[IGBHFH\]IKAMK[IDFMKDIKs IGAJK~HEFHKHYMDHEKPMKHK{LPLHKIDAMKEMG}K
HYLC{HAHKHK[IGBHFH\]IKMEFMwHKEMLM{CIDHAHJKEMKYGM{CEHGKEMLM{CIDHGK
BHCEKAMKPBHK{LPLHJK~HEFHKEMLM{CID}VLHESK
@EKIY\MEKAMK[IGBHFH\]IKAMK{LPLHKMEF]IKDHK@@KRDC{CISK

THGHKGMBI|MGKIEKEP~FIFHCEJK~HEFHK{LC{HGKDIK~IF]IKNP~FIFHLKMKDHK
wHDMLHKPMKHYHGM{MK{LCPMKMBKMBI|MGKQIAIESK
8 0= =9:16549=5466
OIBIK|CBIEKHDFMGX+
~IF]IKRBYGCBCGK JKFMGMBIEKFGEKIY\MEKAMKCBYGMEE]I,KRBYGMEE]IK
}YCAHJKCEPHLCH\]IKAMKRBYGMEE]IKMKRBYGCBCGS
HBIEKAMFHLxHGKHEKIY\MEKCEPHLCH\]IKAMKRBYGMEE]IKMK
RBYGCBCGS
14I47I
@DFMEKAMKCBYGCBCGKPHLPMGKAI{PBMDFIJKKCDFMGMEEHDFMKFMGKPBHK
++
CEPHLCH\]IKAMKCBYGMEE]IKYIEEC~CLCFHKHKMM{P\]IKAMK|}GCIEKHwPEFMESK
r~EMG|MKHEKIY\MEKAHKZPCHKCEPHLCH\]IKAMKRBYGMEE]IK

rEKZGPYIEKPMK{IBYMBKMEEHKZPCHKE]IKRBYGCBCGJKIIBKMK
CEPHLCHGS
IKZGPYIKRBYGCBCGJKFMBIEKIK~IF]IKRBYGCBCGJKPMKFMBKHKBMEBHK
[PD\]IKBIEFGH.+
T}ZCDHK JKPMKH~GMKPBHK{HCHKAMKAC}LIZIK{IBK|}GCHEKZPCHESK@K
YGCBMCGHKGM[MGMV
H

IKZGPYIKIIBJKFMBIEKIK~IF]IKIIBK JKPMKFMBKHK[PD\]IK
AMKHBYLCHGKIPKGMAPCGKHK|CEPHLCH\]IKAHKYLHDCLxHS
IKZGPYIKCEPHLCHGJKFMBIEKHEKEMZPCDFMEKIY\ME,


 =01612?617061=9?6
80
17c2l1
TGIZGHBHKPFCLCHAIKYHGHK{GCH\]IKMKHYGMEMDFH\MEKAMKNLCAMESK
THGHKCDC{C}VLIK~HEFHK{LC{HGKDIK~IF]IKRDC{CHGKAHK~HGGHKAMKFHGM[HEKAIK
s CDAItEJKHYIDFHGKYHGHKQIAIEKIEKTGIZGHBHEJKEMLM{CIDHGK C{GIEI[FK
a 
46716/1 4
/180
44 40 15676 46716/1 4
/180
4 
XLMKEP~EFCFPCKIKBMDPK@GPC|IK|MGEMEKHDFMGCIGMEKMKMEF}K
LI{HLCHAIKDIK{HDFIKEPYMGCIGKMEPMGAIKAIKYGIZGHBHS
X+a KJKEMG]IKMC~CAIEK
{IBHDAIEK~}EC{IE,
I|IJK@~GCGJKNHL|HGJKNHL|HGKOIBIJKRBYGCBCGJKTGMYHGHGJKXD|CHGJK
TP~LC{HGKMKM{xHGS
%454>74
I{HLCHVEMKDIK{HDFIKEPYMGCIGKMEPMGAIKHIKLHAIKAIKIF]IKAIK
a +
{IDwPDFIKAMK{IBHDAIEKCDAMYMDAMDFMEKAHKZPCHKMC~CAHKDIKBIBMDFIS
KYIEE|MLKHAC{CIDHGK~IFMEKPMKGMYGMEMDFHBK{IBHDAIEKGK
~HGGHKMKBI|MGKHK~HGGHKAMKPBKAIEKAICEKLI{HCEKYIEE|MCES
%481
XC~MKIKDIBMKAIKYGIZGHBHKK C{GIEI[FKTItMGTICDFKMJK
FHB~BKMC~MKIKDIBMKAIKAI{PBMDFIKHFC|IS
)%540544$51
@{CIDHDAIKMEEMEK~IFMEJKKYIEE|MLKBCDCBCHGJKBHCBCHGKMK
GMEFHPGHGKHKwHDMLHKAIKYGIZGHBHKTItMGTICDFS

KWPCHE
vKrEKZGPYIEKMBK{HAHKZPCHKAC|CAMBKHKFHGM[HKMBKEP~FHGM[HES
KrEK~IFMEKAMK{IBHDAIKMBK{HAHKZGPYIKMM{PFHBKPBK
{IBHDAIKIPKMC~MBKPBKBMDPKAMK{IBHDAIES
514545
MLMKKYIEE|MLKACZCFHGKHEKHDIFH\MEKPMKEMKAMEMwHKCD{LPCGKMBK
PBKELCAMS
(%4
XC~MK|}GCHEKCD[IGBH\MEKFMCEKDHK{ID[M{\]IKAIEKELCAMEJKMDFGMK
MLHE,KIKDBMGIKAMKELCAMEKFMBHKMKCACIBHS
 8614!
OLC{HGKYHGHKHwPEFHGKIKD|MLKAMKIIBS

OR@K@TXNXQ@`"XN
OGCHGKPBHKHYGMEMDFH\]IKDIK C{GIEI[FKTItMGTICDFKvyyuK
MDZLI~H,KCDC{CHGK{IBKPBKAMECZDK~}EC{IKHAC{CIDHGKDI|IEKELCAMEKMK
0
HLFMGHDAIKIKMEPMBHKAMK{IGMEKIPKHYLC{HDAIKAC[MGMDFMEKBIAMLIEKAMK
MEFGPFPGHKMK{GCHGKM[MCFIEJK{IBIKFGHDEC\MEKAMKELCAMEKHDCBHAIES
THGHKCDC{CHGKPBHKDI|HKHYGMEMDFH\]IK~HEFHK{LC{HGKDIKIF]IKAIK
a {HGKMBKI|I S
XDF]IKME{ILxMGKPBKBIAMLIKYHGHKHKHYGMEMDFH\]IKXBKGHD{IJK
IAMLIEKRDEFHLHAIEJK MPEKBIAMLIEJKI|IK{IBK~HEMKMBKAI{PBMDFIK
a a
MYICEKAMKME{ILxCAIKIKBIAMLIK{LC{HGKMBKOGCHGS

4745
@KHCHKAMKrY\MEKKPEHAHKYHGHKLI{HLCHGKGHYCAHBMDFMKIEK
{IBHDAIEKDM{MEE}GCIEKYHGHKMM{PFHGKPBHKFHGM[HSKrEK{IBHDAIEKE]IK
IGZHDCHAIEKMBKZGPYIEKLUZC{IEJKGMPDCAIEKMBKZPCHESKOHAHKZPCHKMEF}K
GMLH{CIDHAHKHKPBKFCYIKAMKHFC|CAHAMK{IBIKZGH|H\]IKIPKACEYIEC\]IK
AMKPBHKY}ZCDHSKTHGHKACBCDPCGKHKAMEIGZHDCH\]IJKHLZPBHEKZPCHEK
E]IKMC~CAHEKEIBMDFMKPHDAIKDM{MEE}GCISKTIGKMMBYLIJKHKZPCHK
MGGHBMDFHEKAMKRBHZMBKEIBMDFMKKMC~CAHKPHDAIKPBHKCBHZMBK
KEMLM{CIDHAHS
544810
65874
THGHKEMLM{CIDHGKPBKELCAMJK~HEFHK{LC{HGKDHKZPCHKNLCAMKDIKYHCDMLK
GKMEPMGAHS

H

#1c
THGHKHLFMGHGKIKHIPFKAIKELCAMKEMLM{CIDHAIJK~HEFHK{LC{HGKDHK
WPCHKRD{CIKMKAMYICEKDIK~IF]IKHIPFJKME{ILxHKIKLHIPFKAMEMwHAIK
{LC{HDAIKEI~GMKMLMS

8054
8
6 4n 1
@DFMEKAMKCDEMGCGKIKYGCBMCGIKFMFIKKDM{MEE}GCIK{IDxM{MGKHK
HYLC{H\]IKAMKHLZPBHEKFM{LHE,

THGHK[HMGKHKH{MDFPH\]IJKAM|MVEMKACZCFHGKHKFM{LHKAMKH{MDFIKMK
AMYICEKHKLMFGHKHKEMGKH{MDFPHAHSK PHDAIKHKFM{LHK{IGGMEYIDAMDFMKHIK
H{MDFIK[IGKYGMEECIDHAHJKD]IKEHCG}KDHAHKDHKFMLHKEUKAMYICEKPMK[IGK
ACZCFHAHKHKLMFGHKKPMKMLHKHYHGM{MG}KH{MDFPHAHS

H6

THGHKCDEMGCGKPBKFMFIKDIKELCAMK{LC{HGK{IBKIK~IF]IKMEPMGAIKAIK
BIPEMKDIKGMFDZPLIKOLCPMKYHGHKHAC{CIDHGKPBKFFPLIJKHYUEK{LC{HGK
IKYIDFIKAMKCDEMG\]IK{PGEIGKEMG}KMC~CAIS

XDF]IK~HEFHK{IBM\HGKHKACZCFHGS

91
  
6 4n 1
THGHKHLFMGHGKPBKFMFIJKKDM{MEE}GCIKYGCBMCGIKEMLM{CID}VLISKTHGHK
EMLM{CIDHGKPBKFMFIKIPKYHLH|GHJK~HEFHK{LC{HGK{IBKIK~IF]IKMEPMGAIK
EI~GMKIKYIDFIKMBKPMKEMKAMEMwHKCDC{CHGKHKEMLM\]IKMKBHDFMGKIK~IF]IK
YGMEECIDHAIJKHGGHEFHGKIKBIPEMKHFKIKYIDFIKAMEMwHAIKMKEILFHGKIK~IF]IK
MEPMGAIS

OIBKIKFMFIKEMLM{CIDHAIJK~HEFHK{LC{HGKDIEK~IFMEKYHGHK[HMGKHEK
HLFMGH\MEKAMEMwHAHE,

5
@LFMGHKIKFCYIKAMK[IDFM

)t>1
@YLC{HKRF}LC{IKHIKFMFIKEMLM{CIDHAISKQHB~BKYIAMKEMGK
H{CIDHAIKHFGH|EKAIK{IBHDAIKOFGLjRS
"154
NP~LCDxHKIKFMFIKEMLM{CIDHAISKQHB~BKYIAMKEMGKH{CIDHAIK
HFGH|EKAIK{IBHDAIKOFGLjNS
4
MEMDxHKPBHKLCDxHKDIKBMCIKAIKFMFIKEMLM{CIDHAIS
("4
@AC{CIDHKPBHKEIB~GHKHFG}EKAIKFMFIKEMLM{CIDHAIKYHGHKAMEFH{}V
LIKDIKELCAMS
74550
@wPEFHKIKMEYH\HBMDFIKMDFGMK{HGH{FMGMES
$ 1 51
@LFMGHKFIAIKIKFMFIKEMLM{CIDHAIKYHGHK @R%NO@NJK
BCDE{PLHEJKIPKIPFGIEKPEIEK{IBPDEKAMKBHCE{PLHEMBCDE{PLHES
2045
@LFMGHKHK{IGKAHK[IDFMS
15&94
@LCDxHKIKFMFIKGKMEPMGAHSKQHB~BKYIAMKEMGKH{CIDHAIKHFGH|EK
AIK{IBHDAIKOFGLj S
051
OMDFGHLCHKIKFMFISKQHB~BKYIAMKEMGKH{CIDHAIKHFGH|EKAIK
{IBHDAIKOFGLjXS
15&
@LCDxHKIKFMFIKGKACGMCFHSKQHB~BKYIAMKEMGKH{CIDHAIKHFGH|EKAIK
{IBHDAIKOFGLjWS
4'
@LCDxHKIKFMFIKGEKBHGZMDEKMEPMGAHKMKACGMCFHJKHAC{CIDHDAIK
MEYH\IKMFGHKMDFGMKHEKYHLH|GHEK{ID[IGBMKIKDM{MEE}GCIJKYGIBI|MDAIK
PBHKHYHGD{CHKIGZHDCHAHKDHEKLHFMGHCEKMEPMGAHKMKACGMCFHKAHKY}ZCDHS
015
C|CAMKIKFMFIKMBKAPHEKIPKBHCEK{ILPDHES
8054
8
65( b115645/4885
@LBKAIEK{HGH{FMGMEKPMKHYHGM{MBKDIKFM{LHAIJKKYIEE|MLK
CDEMGCGKDIKELCAMK|}GCIEK{HGH{FMGMEKMKEB~ILIEKMEYM{CHCES
)*+ TIEC{CIDHGKIK{PGEIGKDIKLI{HLKPMKEMKAMEMwHKCDEMGCGKIKEBV
~ILIS

545
@LFMGHKIKFHBHDxIKAHK[IDFM

vSK@{CIDHGKHKZPCHKRDEMGCGS
 2
@YLC{HKDMZGCFIKHIKFMFIKEMLM{CIDHAISKQHB~BKYIAMKEMGK
H{CIDHAIKHFGH|EKAIK{IBHDAIKOFGLjS
HH


SKOLC{HGKDIK~IF]IKNB~ILIS

MYICEK{LC{HGKDIKLHIPFKAMEMwHAIS

LSKNMLM{CIDHGKIKEB~ILIS

4nc8
65874
THGHKM{LPCGKPBKELCAMK~HEFHKEMLM{CID}VLIKMKAMYICEK{LC{HGKDIK
KJKLI{HLCHAIKDHKZPCHKRD{CIS
~IF]IK
8 /
691
  2l1
THGHKLCBYHGKFIAHKHK[IGBHFH\]IKAMKPBKFMFIK~HEFHKEMLM{CID}VLIK
MK{LC{HGKDIK~IF]IK JKLI{HLCHAIKDHKZPCHKRD{CIS

SKOLC{HGKMBKRDEMGCGKMKMBKEMZPCAHKM{xHGS
 
71
456460c 4
2l1
OIBKHKZPCHKRD{CIKH{CIDHAHJK{LC{HGKDIK~IF]IK KJKYHGHK{GCHGK
YHG}ZGH[IEK{IBKBHG{HAIGMESKTHGHKME{ILxMGKIKFCYIKAMKBHG{HAIGK
{LC{HGKDHKEMFHS

OIBKHKZPCHKRD{CIKH{CIDHAHJK{LC{HGKDIK~IF]IK
JKYHGHK
CDC{CHGKPBHKLCEFHKDPBMGHAHSKTHGHKME{ILxMGKAC[MGMDFMEK[IGBHFIEKAMK
DPBMGH\]IK{LC{HGKDHKEMFHS

8054
8
601d165874
THGHKCDEMGCGKPBKDI|IKELCAMKH{CIDHGKHKZPCHKRD{CIKMK{LC{HGKDIK
KS
~IF]IK
HN

5d
6
;c8d1
@YUEK{GCHGKPBHKHYGMEMDFH\]IJKKDM{MEE}GCIKM[MFPHGKHKZGH|H\]IK
AIKHGPC|IJKMEEHKIYMGH\]IKK{xHBHAHKAMKNHL|HGSKNMKIKHGPC|IK
D]IK[IGKEHL|IJK{IGGMVEMKIKGCE{IKAMKYMGAVLIKYIGKPBHKM|MDFPHLK[HLFHK
AMKMDMGZCHJKIPKYIGKIPFGIKBIFC|IKPMK{HPEMKHKEHAHK~GPE{HKAIK
YGIZGHBHS
THGHKEHL|HGKIKHGPC|IJKH{CIDHGKIKIF]IKAIK K
MK{LC{HGKMBKNHL|HGJKIPK{LC{HGKDIK~IF]IK S
58
6716/1 4
/180
a 
IY\ME,
WX+a KMK{LC{HGKMBKNHCGK
AIKTItMGTICDFS
WX+KM{xHGK
S
W{LHEK@QjLS
NMKIKHGPC|IKD]IK[ICKEHL|IKHCDAHJKIPKEMKHEKLFCBHEKHLFMGH\MEK
D]IK[IGHBKZGH|HAHEJKIKTItMGTICDFKMBCFCG}KPBHKBMDEHZMBJK
HLMGFHDAIVKIKAIK[HFIS

b
8
6
;c8d1
THGHK{ILI{HGKPBKHGPC|IKDHKFMLHKAIKTItMGTICDFJKAM|MVEMK
X+a JKMK{LC{HGKMBK@~GCGS
HK{HCHKAMKAC}LIZIKAIK{IBHDAIK@~GCGJKMCEFMBK|}GCIEK~IFMEK
PMKHPCLCHBKDHKLI{HLCH\]IKAIKHGPC|IKAMEMwHAISKMYICEKAMK
MD{IDFGHGKIKHGPC|IK{LC{HGKMBK@~GCGS
8054
8
698c
5

MBKPBKAMEEMEK~IFME,


W ,KCDEMGCKPBHKCBHZMBKAMKPBKHGPC|IS
W^ /
a
WZ ,KCDEMGCK[IGBHEKYGIDFHEJK{IBIKGMFDZPLIEKMK
;
W: /:
{IBPDC{HGKCD[IGBH\MEK|CEPHLBM3

BHCEK{IBYLMIEJK{IBIKACHZGHBHEKAMKMDDKMKIGZHDIZGHBHES
W
AHAIES

Wa ^^+0

W  ,KCDEMGCKPBKFMFIK{IBKM[MCFIEKMEYM{CHCES
b42]1646
17/,
THGHKMACFHGKIK{H~M\HLxIKIPKGIAHYKAIKELCAMJK~HEFHK{LC{HGKDIK
~IF]I JKDHKZPCHKRDEMGCGSK@EKCD[IGBH\MEKEMG]IKMC~CAHEKDHK
YHGFMKEPYMGCIGKIPKCD[MGCIGKAMK{HAHKY}ZCDHKCBYGMEEHS

 4

6/0167469c071
THGHKHLFMGHGKIKYLHDIKAMK[PDAIKAMKPBKELCAMJK~HEFHK{LC{HGK{IBKIK
~IF]IKACGMCFIKAIKBIPEMKEI~GMKMLMJKMKMBKEMZPCAHK{LC{HGKMBKIGBHFHGK
TLHDIKAMKPDAIS

8054
8
6 b4
THGHKCDEMGCGKIPKFGH\HGKPBHKFH~MLHJK~HEFHK{LC{HGKDIK~IF]I JK
LI{HLCHAIKDHKZPCHKRDEMGCGS
 4

661
74 6715658745
THGHKHLFMGHGKHKIGAMBKAIEKELCAME,
W::
MYICEKME{ILxMGKMDFGMKHEKIY\MEK{LC{HGK@YLC{HGKHKFPAIKYHGHK
HYLC{HGKHKBPAHD\HKHKFIAIEKIEKELCAMEJKEMK[IGKHLFMGHGKHYMDHEKIKELCAMK
HFPHLK{LC{HGKMBK[M{xHGS

W+

08 
6 4n 156461b-4 15
THGHKHDCBHGKPBKFMFIKIPKI~wMFIJKEMLM{CIDHGKIKFMFIKIPKI~wMFIJK
{LC{HGKDHKZPCHK@DCBH\MEJKMKAMYICEKMBK@DCBH\MEKTMGEIDHLCHAHEJK
H~GCG}KPBKYHCDMLKGKACGMCFHJK{LC{HGKMBK@AC{CIDHGKM[MCFISKMLMKEMK
MD{IDFGHBK|}GCHEKIY\MEKAMKHDCBH\]IKAMKMDFGHAHJKD[HEMJKEHAHKMK
FGHwMFUGCHEKAMKHDCBH\]IS

H\


-3
YIAMK{IBYHGFCLxHGKCD[IGBH\MEKYIGKBMCIKAMKI~wMFIEK|CD{PLHAIEKMK
CD{IGYIGHAIES
W+.
EMLM{CIDHGKIKEIBKAMEMwHAIS

8
6/
4540 2l16/4
5108/7

8054
8
6b1 l167462l1
BK~IF]IKAMKH\]IK{IDECEFMKMBKPBK~IF]IKw}KMCEFMDFMKPMKYIAMK
+
rEK~IFMEKAMKH\]IK{IDFBK[IGBHEJK{IBIKEMFHEKYHGHKACGMCFHKMKYHGHK
MEPMGAHKMKEB~ILIEKAMK[}{CLK{IBYGMMDE]IKGM[MGMDFMEKGEKH\MEK
AMKCGKYHGHKIKYGUCBIJKHDFMGCIGJKYGCBMCGIKMKLFCBIKELCAMJKHLBKAMK
3+
HYGMEMDFH\MEKHPFIMM{PF}|MCEK. KYIGKMMBYLIJKHYGMEMDFH\MEK
PMKE]IKMC~CAHEK|}GCHEK|MMEKMBKPBHK{H~CDMKIPKPCIEPMKPBK
{IBYPFHAIGKMKBIDCFIGJKZMGHLBMDFMKLI{HLCHAIEKMBKPBHK}GMHK
[GMPMDFHAHKYIGKBPCFHEKYMEEIHEJKPMKYIAMKCD{LPCGKFMLHKEMDE|MLK

YHGHKMM{PFHGKHYGMEMDFH\MEKAIKTItMGTICDFKAMK[IGBHKHPFIB}FC{HJK
{IDFDPHKIPKHB~HES
SKHKZPCHKRDEMGCGJKDIKZGPYIKRLPEFGH\MEJK{LC{HGKDHKEMFHKH~HCIK
AMKIGBHEKMJKMBKEMZPCAHJK{LCPMKDIK~IF]IK HCE S
vSKXBKIFMEKAMK@\]IJK{LC{HGKDIK~IF]IKPMKEMKAMEMwHKHAC{CIDHGS
SKOLC{HGKEI~GMKPBKLI{HLKAIKELCAMKMKHGGHEFHGKYHGHKAMEMDxHGKHK
[IGBHKYHGHKIK~IF]IS
Y+/
W++
|I{K{LC{HGKDMLMJK{LC{HGKDHKZPCHKNMLM{CIDHGK{IBKIK IPEMS
W++
|I{KBI|MGKIKYIDFMCGIKEI~GMKMLMJK{LC{HGKDHKZPCHKNMLM{CIDHGKEMBKIK
IPEMS
SKTHGHKME{ILxMGKIKPMKH{IDFM{MKPHDAIK|I{K{LC{HKIPKBI|MK
IKYIDFMCGIKEI~GMKIK~IF]IKAMKH\]IJKECZHKPBKAMEFMEKYGI{MACBMDFIE,
W:+Y
Wk
IKAMEFCDIKYHGHKIKxCYMGLCDS
W3
MJKMBKEMZPCAHJK{LC{HGKMBKTGI{PGHGKMKLI{HLCHGKIKYGIZGHBHKPMK|I{K
AMEMwHKMM{PFHGS
W+0
H\MEKPMK|I{KYIAMKPEHGKYHGHKHPFIBHFCHGKFHGM[HESK@EKBH{GIEK
E]IKZGH|HAHEKDHKLCDZPHZMBKAMKYGIZGHBH\]IKCEPHLKHEC{K[IGK
@YYLC{HFCIDEJK{LC{HGKMBKXM{PFHGKBH{GIKMKEMLM{CIDHGKHKBH{GIKPMK
|I{KAMEMwHKMM{PFHGS
3+
EIBMDFMKEMKHKEPHKHYGMEMDFH\]IK{IDFC|MGKPBHKBH{GIS
W:0+
H\]IKMM{PFMKPBHKH\]IJK{LC{HGKMBK@\]IKAIKI~wMFIKMKEMLM{CIDHGKHK
H\]IKPMK|I{KAMEMwHKPMKMLMKMM{PFMS
+0+
EIBMDFMKEMKHKEPHKHYGMEMDFH\]IK{IDFC|MGKPBKI~wMFIKrXKPBHK
FM{DILIZCHKAMKCDFMZGH\]IKAMKYGIZGHBHKPMKYIAMKEMGKPEHAHKYHGHK
{IBYHGFCLxHBMDFIKAMKCD[IGBH\MEKMDFGMKYGIZGHBHESKQIAIEKIEK
Hg

XCEFMBKAICEKFCYIEKAMKHYGMEMDFH\MEKYMGEIDHLCHAHE,K~}EC{HKMK
{IBKxCYMGLCDES
BHKHYGMEMDFH\]IKYMGEIDHLCHAHK~}EC{HKKPBHKHYGMEMDFH\]IK
EMYHGHAHKIPKPBHKHYGMEMDFH\]IKPMKCD{LPCKHLZPDEKELCAMEKIGCZCDHCES
BHKHYGMEMDFH\]IKYMGEIDHLCHAHK{IBKxCYMGLCDEKKPBHK[IGBHK
G}YCAHKAMKDH|MZHGKYHGHKPBHKIPKBHCEKHYGMEMDFH\MEKEMYHGHAHES
754I514%>
FCLCHGKPBHKHYGMEMDFH\]IKYMGEIDHLCHAHK~}EC{HKYHGHK[IGDM{MGK
HYGMEMDFH\MEKEMYHGHAHEKYHGHKAC[MGMDFMEKZGPYIEKAHKEPHKIGZHDCH\]ISK
TIGKMMBYLIJKEMKEPHKHYGMEMDFH\]IK{IDFBKPBKFIFHLKAMK{CD{IKELCAMEJK
KYIEE|MLK{GCHGKPBHKHYGMEMDFH\]IKYMGEIDHLCHAHK{xHBHAHKNCFMKK
PMKCD{LPCKHYMDHEKIEKELCAMEKJKKMKSKKYIEE|MLK{GCHGKPBHKEMZPDAHK
HYGMEMDFH\]IKYMGEIDHLCHAHK{xHBHAHKNCFMKvKPMKCD{LPCKIEKELCAMEK
JKvJKLKMKSK PHDAIK|I{K{GCHGKPBHKHYGMEMDFH\]IKYMGEIDHLCHAHKHK
YHGFCGKAMKIPFGHKHYGMEMDFH\]IJKKYIEE|MLKMM{PF}VLHJKDHKDFMZGHJKMBK
EPHKEMPD{CHKIGCZCDHLS

SKHKZPCHK@YGMEMDFH\MEKAMKNLCAMEJKDIKZGPYIKRDC{CHGK
@YGMEMDFH\]IKAMKNLCAMEJK{LC{HGKDHKEMFHKHIKLHAIKAMK@YGMEMDFH\]IK
AMKNLCAMEKTMGEIDHLCHAHKMJKMBKEMZPCAHJK{LC{HGKMBK@YGMEMDFH\MEK
TMGEIDHLCHAHES
vSKHK{HCHKAMKAC}LIZIK@YGMEMDFH\MEKTMGEIDHLCHAHEJK{LC{HGK
MBKI|IS
SKXBKNLCAMEKDHKHYGMEMDFH\]IJK{LC{HGKDIEKELCAMEKPMK|I{K
AMEMwHKCD{LPCGKDHKHYGMEMDFH\]IKYMGEIDHLCHAHKMJKMBKEMZPCAHJK{LC{HGK
MBK@AC{CIDHGS
THGHKEMLM{CIDHGKAC|MGEIEKELCAMEKEMPMD{CHCEJK{LC{HGKDIKYGCBMCGIK
ELCAMKMJKMBKEMZPCAHJKBHDFMGKYGMEECIDHAHKHKFM{LHKNRQKMDPHDFIK
{LC{HKDIKLFCBIKELCAMKPMKAMEMwHKEMLM{CIDHGSKTHGHKEMLM{CIDHGKAC|MGEIEK
ELCAMEKD]IKEMPMD{CHCEJKBHDFMGKYGMEECIDHAHKHKFM{LHKOQKMDPHDFIK
{LC{HKMBK{HAHKELCAMKPMKPMCGHKEMLM{CIDHGS
LSKTHGHKHLFMGHGKHKIGAMBKMBKPMKIEKELCAMEKE]IKMC~CAIEJKMBK
NLCAMEKDHKHYGMEMDFH\]IKYMGEIDHLCHAHJK{LC{HGKMBKPBKELCAMKMJKMBK
EMZPCAHJK{LC{HGKMBKPBHKAHEKEMFHEKYHGHKBI|MGKIKELCAMKYHGHK{CBHKIPK
YHGHK~HCIKDHKLCEFHS
SKCZCFHGKPBKDIBMKDHK{HCHKIBMKAHKHYGMEMDFH\]IKAMKELCAMEK
MK{LC{HGKMBKrSKTHGHK{GCHGKHYGMEMDFH\MEKYMGEIDHLCHAHEKHAC{CIDHCEK
{IBKPHCEPMGKELCAMEKAHKEPHKHYGMEMDFH\]IJKGMYMFCGKHEKMFHYHEKAMKK
HKS
THGHK |CEPHLCHGK PBHK HYGMEMDFH\]IK YMGEIDHLCHAHJK {LC{HGK
DIKDIBMKAHKHYGMEMDFH\]IKDHK{HCHKAMKAC}LIZIK@YGMEMDFH\MEK
TMGEIDHLCHAHEKMJKMBKEMZPCAHJK{LC{HGKMBK IEFGHGS


754I5147150
FCLCHGKPBHKHYGMEMDFH\]IKYMGEIDHLCHAHK{IBKxCYMGLCDEK
YHGHKIGZHDCHGKIK{IDFMAIKAMKPBHKHYGMEMDFH\]ISKTIGKMMBYLIJKEMK
|I{K{GCHKPBHKHYGMEMDFH\]IKYMGEIDHLCHAHKYGCD{CYHLKEI~GMKHKDI|HK
IGZHDCH\]IKZMGHLKAHKEPHKMBYGMEHJKKYIEE|MLK{GCHGKPBHKHYGMEMDFH\]IK
YMGEIDHLCHAHKYHGHK{HAHKAMYHGFHBMDFIKAHKEPHKIGZHDCH\]IKMK
|CD{PL}VLIEKHKMEEHEKMC~C\MEKAHKHYGMEMDFH\]IKYGCD{CYHLS

SKHKZPCHK@YGMEMDFH\MEJKDIKZGPYIKRDC{CHGK@YGMEMDFH\]IKAMK
NLCAMEJK{LC{HGKDHKEMFHKHIKLHAIKAMK@ YGMEMDFH\]IKAMKNLCAMEKTMGEIDHLCHAHK
MJKMBKEMZPCAHJK{LC{HGKMBK@YGMEMDFH\MEKTMGEIDHLCHAHES
vSKHK{HCHKAMKAC}LIZIK@YGMEMDFH\MEKTMGEIDHLCHAHEJK{LC{HGK
MBKI|IS
SKXBKNLCAMEKDHKHYGMEMDFH\]IJK{LC{HGKDIEKELCAMEKPMK|I{KAMEMwHK
CD{LPCGKDHKHYGMEMDFH\]IKYMGEIDHLCHAHKYGCD{CYHLKMJKMBKEMZPCAHJK
{LC{HGKMBK@AC{CIDHGS
THGHKEMLM{CIDHGKAC|MGEIEKELCAMEKEM1MD{CHCEJK{LC{HGKDIKYGCBMCGIK
ELCAMKMJKMBKEMZPCAHJKBHDFMGKYGMEECIDHAHKHKFM{LHKNRQKMDPHDFIK
{LC{HKDIKLFCBIKELCAMKPMKAMEMwHKEMLM{CIDHGSKTHGHKEMLM{CIDHGKAC|MGEIEK
ELCAMEKD]IKEM1MD{CHCEJKBHDFMGKYGMEECIDHAHKHKFM{LHKOQKMDPHDFIK
{LC{HKMBK{HAHKELCAMKPMKPMCGHKEMLM{CIDHGS
LSKTHGHKHLFMGHGKHKIGAMBKMBKPMKIEKELCAMEKE]IKMC~CAIEJKMBK
NLCAMEKDHKHYGMEMDFH\]IKYMGEIDHLCHAHJK{LC{HGKMBKPBKELCAMKMJKMBK
EMZPCAHJK{LC{HGKMBKPBHKAHEKEMFHEKYHGHKBI|MGKIKELCAMKYHGHK{CBHKIPK
YHGHK~HCIKDHKLCEFHS
SKCZCFHGKPBKDIBMKDHK{HCHKIBMKAHKHYGMEMDFH\]IKAMKELCAMEK
MK{LC{HGKMBKrSKTHGHK{GCHGKHYGMEMDFH\MEKYMGEIDHLCHAHEKHAC{CIDHCEK
{IBKPHCEPMGKELCAMEKAHKEPHKHYGMEMDFH\]IJKGMYMFCGKHEKMFHYHEKAMKK
HKS
ASKTHGHK{GCHGKPBKxCYMGLCDKAHKHYGMEMDFH\]IKYGCD{CYHLKYHGHKPBHK
HYGMEMDFH\]IKAMKEPYIGFMJKEMLM{CIDHGKIKFMFIKIPKI~wMFIKPMK|I{K
AMEMwHKYHGHKGMYGMEMDFHGKIKxCYMGLCDS
uSKHKZPCHKRDEMGCGJKDIKZGPYIKD{PLIEJK{LC{HGKDHKEMFHKH~HCIKAMK
CYMGLCDS
SKXBKCD{PLHGKYHGHJK{LC{HGKMBKOILI{HGKMEFMKI{PBMDFIS
zSKNMZPCGKPBKAMEFMEKYGI{MACBMDFIE,
W+
NMLM{CIDHGKPBKLI{HLKDMEFMKAI{PBMDFIJKEMLM{CIDHGKHKHYGMEMDFH\]IK
YMGEIDHLCHAHKYHGHKHKPHLKAMEMwHKCGKMKBHG{HGKHK{HCHKAMKEMLM\]IK
IEFGHGKMKGMFIGDHGS
W+
NMLM{CIDMKPBKLI{HLKDMEFMKAI{PBMDFIJKEMLM{CIDHGKIKELCAMKYHGHKIKPHLK
|I{KAMEMwHKCGS
THGHK |CEPHLCHGK PBHK HYGMEMDFH\]IK YMGEIDHLCHAHJK {LC{HGK
DIKDIBMKAHKHYGMEMDFH\]IKDHK{HCHKAMKAC}LIZIK@YGMEMDFH\MEK
TMGEIDHLCHAHEKMJKMBKEMZPCAHJK{LC{HGKMBK IEFGHGS

0582l1674658745
@EKFGHDEC\MEKAMKELCAMKE]IKIEKM[MCFIEKEMBMLxHDFMEKGKHDCBH\]IK
PMKI{IGGMBKDIKBIAIKAMKMC~C\]IK@YGMEMDFH\]IKAMKNLCAMEKPHDAIK
|I{KBI|MKAMKPBKELCAMKYHGHKIKYGUCBISKKYIEE|MLK{IDFGILHGKHK
|MLI{CAHAMKAMK{HAHKM[MCFIKAMKFGHDEC\]IKAMKELCAMEKMKFHB~BKHAC{CIDHGK
EIBS
a 
AC[MGMDFMEKAMKFGHDEC\MEKAMKELCAMEJKCD{LPCDAIKBHEKD]IKEMKLCBCFHDAIK
HEKEMZPCDFME,
Hm

SKNMBKFGHDEC\]I
vSKTMGECHDHKIGCIDFHL
SKTMGECHDHKMGFC{HL
LSK PHAGIKM{xHG
SK PHAGIK@~GCG
ASK PHAGC{PLHAIKDHKIGCIDFHL
uSK PHAGC{PLHAIKDHKMGFC{HL
SKTMDFMKIGCIDFHL
zSKTMDFMKMGFC{HL
THGHK{IDEPLFHGKBHCEKM[MCFIEKAMKFGHDEC\]IJKDHKLCEFHKXEFCLIEK
}YCAIEJK{LC{HGKDIK~IF]IK HCE JK{ID[IGBMKBIEFGHAIKDIKACHZGHBHK
H{CBHS
23x|~|z y {z|xy|xy{x|xy
7 66<46407679?4D1
SKIKYHCDMLKPMK{IDFBKHEKZPCHEKQUYC{IEKMKNLCAMEJK{LC{HGKDHK
ZPCHKNLCAMES
vSKHKZPCHKRD{CIJK{LC{HGKDHKBCDCHFPGHKAMKPBKELCAMS
SKHKZPCHK@DCBH\MEJKDIKZGPYIKQGHDEC\]IKYHGHKXEFMKNLCAMJK
{LC{HGKMBKPBKM[MCFIKAMKFGHDEC\]IKAMKELCAMES
LSKTHGHK{IDEPLFHGKBHCEKM[MCFIEKAMKFGHDEC\]IJKDHKLCEFHKXEFCLIEK
}YCAIEJK{LC{HGKDIK~IF]IK HCE S
+
QGHDEC\]IKYHGHKXEFMKNLCAMJK{LC{HGKDHKEMFHKHIKLHAIKAMKMLI{CAHAMKAHK
QGHDEC\]IKMJKMBKEMZPCAHJKEMLM{CIDHGKHK|MLI{CAHAMKAMEMwHAHS
ASKIKZGPYIKQGHDEC\]IKYHGHKXEFMKNLCAMJK{LC{HGKMBK@YLC{HGKHK
QPAIS
23x|~|zx|4yyz{y{z|5yxy|xy|xyy
6<46407679?4D1
SKIKYHCDMLKPMK{IDFBKHEKZPCHEKQUYC{IEKMKNLCAMEJK{LC{HGKDHK
ZPCHKNLCAMES
vSKHKZPCHKRD{CIJK{LC{HGKDHKBCDCHFPGHKAMKPBKELCAMS
SKHKZPCHK@DCBH\MEJKDIKZGPYIKQGHDEC\]IKYHGHKXEFMKNLCAMJK
{LC{HGKDIKM[MCFIKAMKFGHDEC\]IKAMKELCAMEKPMK|I{KAMEMwHKYHGHKMEEMK
ELCAMS
LSKTHGHK{IDEPLFHGKBHCEKM[MCFIEKAMKFGHDEC\]IJKDHKLCEFHKXEFCLIEK
}YCAIEJK{LC{HGKDIK~IF]IK HCE S
DCGKHK|MLI{CAHAMKAMKFGHDEC\]IKAMKELCAMEJKDIKZGPYIK
QGHDEC\]IKYHGHKXEFMKNLCAMJK{LC{HGKDHKEMFHKHIKLHAIKAMKMLI{CAHAMKAHK
QGHDEC\]IKMJKMBKEMZPCAHJKEMLM{CIDHGKHK|MLI{CAHAMKAMEMwHAHS
ASKTHGHKHAC{CIDHGKPBHKFGHDEC\]IKAMKELCAMEKAC[MGMDFMKHKIPFGIK
ELCAMKMBKEPHKHYGMEMDFH\]IJKGMYMFCGKHEKMFHYHEKvKHKLS
23x|~|z {z|5yxy|xy
SKIKYHCDMLKPMK{IDFBKHEKZPCHEKQUYC{IEKMKNLCAMEJK{LC{HGKDHK
ZPCHKNLCAMES
vSKHKZPCHKRD{CIJK{LC{HGKDHKBCDCHFPGHKAMKPBKELCAMS
SKHKZPCHK@DCBH\MEJKDIKZGPYIKQGHDEC\]IKYHGHKXEFMKNLCAMJK
{LC{HGKDHKEMFHKHIKLHAIKAMKNIBKAMKQGHDEC\]IKMJKMBKEMZPCAHJKEMZPCGK
PBKAMEFMEKYGI{MACBMDFIE,
W
AMEMwHAIS
W+
rPFGIKNIBJKLI{HLCHGKIKHGPC|IKAMKEIBKPMK|I{KAMEMwHKHAC{CIDHGK
MJKMBKEMZPCAHJK{LC{HGKMBKrS
LSKTHGHKHAC{CIDHGKEIBKHKPBHKFGHDEC\]IKAMKELCAMEKAC[MGMDFMJK
GMYMFCGKHEKMFHYHEKvKMKS


1098c

6/
4540 2l1674658745
26|7xy7yyz{
8+.+
{IBIK|I{KAMEMwHKBIEFGHGKHKHYGMEMDFH\]IKYHGHKEPHKHPACD{CHS
IK THGHK[HMGKEPHKHYGMEMDFH\]IKACHDFMKAMKPBHKHPACD{CHKHIK
|C|IJK{LC{HGKMBKXC~CAHKYIGKPBKIGHAIGKFMLHKCDFMCGHS
IK THGHKYMGBCFCGKPMKHKHPACD{CHKMC~HKEPHKHYGMEMDFH\]IKHK
YHGFCGKAMKPBKACE{IKGZCAIKIPKOKMBKPBK{IBYPFHAIGKIPKDHKRDFMGDMFJK
{LC{HGKMBK@YGMEMDFHAHKYIGKPBHKYMEEIHKwHDMLHS
IK THGHKYMGBCFCGKPMKHKHPACD{CHKGILMKYIGKEPHKHYGMEMDFH\]IK
AMKHPFIKMM{P\]IKHKYHGFCGKAMKPBK{IBYPFHAIGKHPFqDIBIJKBHG{HGKHK
{HCHKAMKEMLM\]IK IEFGHGK~HGGHKAMKGILHZMBS
IK THGHKMDFGMZHGKPBHKHYGMEMDFH\]IKAMKHPFIKMM{P\]IKMMV
{PFHAHKMBKPBKPCIEPMKPBK{IBYPFHAIGKMKBIDCFIGJKZMGHLBMDFMK
LI{HLCHAIEKMBKPBHK}GMHK[GMPMDFHAHKYIGKBPCFHEKYMEEIHEJKPMKYIAMK
CD{LPCGKFMLHKEMDE|MLKHIKFIPMJKEIBKIPK|AMISKrEKPCIEPMEKYIAMBK

[IGBHKHPFIB}FC{HJK{IDFDPHKIPKHB~HEJK{LC{HGKMBK@YGMEMDFHAHKMBK
PBKPCIEPMKFMLHKCDFMCGHS
28 {|xy
8+a
ELCAMEKMEF]IKACEYID|MCEKMBKPBHKHYGMEMDFH\]IKIPKYHGHK{GCHGKPBHK
HYGMEMDFH\]IKYMGEIDHLCHAHKPBHKHYGMEMDFH\]IKAMDFGIKAMKPBHK
HYGMEMDFH\]IKDHKPHLK|I{KHZGPYHKELCAMEKMBKPBHKHYGMEMDFH\]IK
MCEFMDFMKYHGHKYIAMGKBIEFGHGKMEEHKEM\]IKAHKHYGMEMDFH\]IKYHGHKPBK
Y~LC{IKMBKYHGFC{PLHGS
IK THGHKBIEFGHGKFIAIEKIEKELCAMEKMBKEPHKHYGMEMDFH\]IJK{LC{HGK
MBKQPAIS
IK V
EMDFH\]IJKACZCFHGKIKDBMGIKAIKYGCBMCGIKELCAMKPMK|I{KAMEMwHKBIEV
FGHGKDHK{HCHKMKMKACZCFHGKIKDBMGIKAIKLFCBIKELCAMKPMK|I{KAMEMwHK
BIEFGHGKDHK{HCHK@FS

@KLCEFHKOIGKAHK{HDMFHKMEFHG}KACEYID|MLKHYMDHEKEMKXC~CAHKYIGK
PBKIGHAIGKFMLHKCDFMCGHKDHKEM\]IKQCYIKAMKHYGMEMDFH\]IKMEFC|MGK
EMLM{CIDHAHS
23;z|xy
8+
BI|MGKAMKPBKELCAMKYHGHKIPFGIS
IK THGHKH|HD\HGKYHGHK{HAHKELCAMKBHDPHLBMDFMKAPGHDFMKHK
HYGMEMDFH\]IJK{LC{HGKMBK HDPHLBMDFMS
IK THGHKPEHGKCDFMG|HLIEKAMKELCAMKYHGHKH|HD\HGKYHGHK{HAHKELCAMK
HPFIBHFC{HBMDFMKAPGHDFMKHKHYGMEMDFH\]IJK{LC{HGKMBKEHGKCDFMG|HV
LIEJKEMKxIP|MGS
W1a
7+a
TItMGTICDFKvyyuKAMKPBKBIDCFIGKYIGKMMBYLIJKMBKPBKYUACIK
MDPHDFIKIKY~LC{IKHK|KMBKPBKEMZPDAIKBIDCFIGS
EHDAIKAICEKBIDCFIGMEJKKYIEE|MLKMM{PFHGKIPFGIEKYGIZGHBHEK
PMKD]IKE]IK|CEFIEKYMLIKY~LC{IKMKH{MEEHGKIKBIAIKAMKMC~C\]IK
@YGMEMDFHAIGSKXEFMKBIAIKAMKMC~C\]IKI[MGM{MKHEKEMZPCDFMEK
[MGGHBMDFHEKYHGHK[H{CLCFHGKHKHYGMEMDFH\]IKAMKCD[IGBH\]I,
IK KYIEE|MLKPFCLCHGKBCDCHFPGHEKYHGHKEMLM{CIDHGKIEKELCAMEK
AMKPBHKEM1D{CHKMK{GCHGKPBHKHYGMEMDFH\]IKYMGEIDHLCHAHKYHGHKIK
EMPKY~LC{IS
IK @K|CEPHLCH\]IKAMKFMFIKBIEFGHKHPCLIKPMKIKEMPKYGUCBIK
{LCPMKHAC{CIDHG}KGKFMLHJK{IBIKPBKELCAMKDI|IKIPKIKYGUCBIKBHG{HV
AIGKAMKPBHKLCEFHS
IK @EKHDIFH\MEKAIKIGHAIGKE]IKBIEFGHAHEKMBKLMFGHEKZGHDAMEK
MK{LHGHEJKYHGHKPMK|I{KYIEEHKPFCLC}VLHEK{IBIKPBKE{GCYFKYHGHKHKEPHK
HYGMEMDFH\]IS
IK KYIEE|MLKME{PGM{MGKHKFMLHKAPGHDFMKEPHKHYGMEMDFH\]IKMJK
AMYICEJKYGIEEMZPCGKAIKYIDFIKMBKPMK|I{KYHGIPSKTIGKMMBYLIJK
FHL|MK|I{KD]IKPMCGHKMC~CGKIK{IDFMAIKAIKELCAMKAPGHDFMKPBK
CDFMG|HLIKIPKPBHKEM\]IKAMKYMGZPDFHEKMKGMEYIEFHES

IK THGHKCDC{CHGKPBHKHYGMEMDFH\]IKAMKELCAMEKYMGEIDHLCHAHK
PMKEMwHKAMGC|HAHKAMKIPFGHKHYGMEMDFH\]IKAIKTItMGTICDFJK{LC{HGKMBK
@YGMEMDFH\]IKYMGEIDHLCHAHKMJKMBKEMZPCAHJK{LC{HGKDHKHYGMEMDFHV
\]IKPMK|I{KAMEMwHKMC~CGK{IBIKPBHKHYGMEMDFH\]IKYMGEIDHLCHAHK
PBHKHYGMEMDFH\]IKAMDFGIKAMKPBHKHYGMEMDFH\]IKDHKPHLK|I{KHZGPV
YHKELCAMEKMBKPBHKHYGMEMDFH\]IKMCEFMDFMKYHGHKYIAMGKBIEFGHGKMEEHK
EM\]IKAHKHYGMEMDFH\]IKYHGHKPBKY~LC{IKMBKYHGFC{PLHGS
2975yx6407679?4D1
EHGKHEKIY\MEKDHKEM\]IKrY\MEKAHKHYGMEMDFH\]IKYHGHK
0
HDCBH\MEKEMwHBKMM{PFHAIEKMBKEPHKHYGMEMDFH\]IS
IK THGHKMM{PFHGKPBKHGPC|IKAMKEIBKIPKHDCBH\]IK{IDFCDPHV
BMDFMJKBHG{HGKHK{HCHKAMKIY\MEKMYMFCGKHFK:XE{2KEMGKYGMEECIDHAHS
IK THGHKBIEFGHGKPBHKHYGMEMDFH\]IKEMBKMM{PFHGKPBHKDHGV
GH\]IKCD{IGYIGHAHJKBHG{HGKHK{HCHKAMKEMLM\]IK@YGMEMDFH\]IKEMBK
DHGGH\]IS
IK THGHKBIEFGHGKPBHKHYGMEMDFH\]IKEMBKMM{PFHGKPBHKHDCV
BH\]IKCD{IGYIGHAHJKBHG{HGKHK{HCHKAMKEMLM\]IK@YGMEMDFH\]IKEMBK
HDCBH\]IS
IK @IK[HMGKEPHKHYGMEMDFH\]IKACHDFMKAMKPBHKHPACD{CHKHIK

FCDFHJKDHKLCEFHKOIGKAHK{HDMFHJKEMLM{CIDHGKPBHK{IGKAMKFCDFHS

Nr

IKBIAIKAMKMC~C\]IKAIK@YGMEMDFHAIGJKIEK{IDMEKMK~IFMEKE]IK
+
|I{KMEF}KPEHDAIKPBKFM{LHAIKIPKBIPEMKAME{IDxM{CAISK
4n8b8
6/
4540 2l1
THGHKMC~CGKPBHKHYGMEMDFH\]IK{LC{HGKDHKZPCHK@YGMEMDFH\]IKAMK
NLCAMEJKMKEMZPCGKPBKAMEFMEKYGI{MACBMDFIE,
W+ JKIPKYGMEECIDHGKHKFM{LHKJKYHGHKCDC{CHGKHK
HYGMEMDFH\]IKHKYHGFCGKAIKYGCBMCGIKELCAMS
W+ JKIPKYGMEECIDHGKECBPLFHDMHBMDFMKHEK
FM{LHEKNRQKMKJKYHGHKCDC{CHGKHKHYGMEMDFH\]IKHKYHGFCGKAIKELCAMK
HFPHLS


8 /
455l1
Ya 
CBYGCBCGKELCAMEJK[ILxMFIEKMKHDIFH\MESKKYIEE|MLKCBYGCBCGKEPHK
HYGMEMDFH\]IKDIKBIAIKAMKMC~C\]IKAMKXEFGPFPGHKAMKQUYC{IEJKAMK
BHDMCGHK{ILIGCAHJKMBKYGMFIKMK~GHD{IKIPKMBKME{HLHKAMK{CDHS
2w 7| ||xy
X+a JK{LC{HGKDHKEMFHKHIKLHAIK
AMKRBYGCBCGKMJKMBKEMZPCAHJK{LC{HGKMBKCEPHLCHGKCBYGMEE]IS
Y
NLCAMES
SKOLC{HGKMBKrY\MEJKHYIDFHGKYHGHKOIGMME{HLHKAMK{CDHKMJKMBK
EMZPCAHJK{LC{HGKMBKPBHKAHEKIY\ME,
IK OIG,KNMKMEFC|MGKPEHDAIKPBHKCBYGMEEIGHK{ILIGCAHJKMEEHKIYV
\]IKGMHLCHG}KHKCBYGMEE]IKMBK{IGMES
IK OIGKMBKCBYGMEEIGHKYGMFIVMV~GHD{I,KNMKMEFC|MGKPEHDAIK
PBHKCBYGMEEIGHKYGMFIVMV~GHD{IJKMEEHKIY\]IKGMHLCHG}KHKCBYGMEE]IK
MBKME{HLHKAMK{CDHS
IK XE{HLHKAMK{CDH,KXEEHKIY\]IKCBYGCBMKCBHZMDEKMBKFIDEKAMK
{CDHKPMK|HGCHBKMDFGMKIKYGMFIKMKIK~GHD{ISKrEKYGMMD{xCBMDFIEKAMK
+
BHCEKLMZ|MLSKEK|MMEKHKME{HLHKAMK{CDHKK~HEFHDFMKEMBMLxHDFMKGK
TGMFIVMV~GHD{IKYPGIS
IK TGMFIVMV~GHD{IKYPGI,KXEEHKIY\]IKCBYGCBMKIK[ILxMFIKEMBK
YGMMD{xCBMDFIEKMBK{CDHS
LSKOLC{HGKMBKRBYGCBCGS
THGHKHLFMGHGKHEKIY\MEKAMKCBYGMEE]IJKECZHKMEFHEKMFHYHE,
Y3

vSKHKLCEFHKNLCAMEKACBMDECIDHAIEKYHGHJK{LC{HGKDIKFHBHDxIKAMK
YHYMLKAMEMwHAIKYHGHKCBYGMEE]IS
IK NMK{LC{HGKMBKTMGEIDHLCHAIJKACZCFHGKIPKEMLM{CIDHGKHEKACV
BMDEMEKAIKYHYMLKDHEK{HCHEKHGZPGHKMK@LFPGHS
IK THGHKCBYGCBCGKMBKFGHDEYHGD{CHEJK{LC{HGKMBKQGHDEYHGDV
{CHS
+
rGCMDFH\]IJKDHK{HCHKNLCAMEJK{LC{HGKMBKTHCEHZMBKIPKMFGHFIS

10<49=C40619?7:167 6< 62157?1

HK|CEPHLCH\]IKAMKCBYGMEE]IKKYIEE|MLKIGZHDCHGKIK{IDFMAIK
DIK[ILxMFIKMK|CEPHLC}VLIKYHGHKEH~MGK{IBIKMLMKEMG}KCBYGMEEISKI{K
+
MKIKDBMGIKAMKELCAMEKPMKAMEMwHKMC~CGKYIGKY}ZCDHS
I{KYIAMKHAC{CIDHGK|CEPHLCHGKMKMACFHGK{H~M\HLxIEKMKGIAHYEJK
{IBIKIEKDBMGIEKAHEKY}ZCDHESKIKLHIPFK{IBKPBKELCAMKYIGKY}ZCDHJK
|I{KEUKYIAMG}KHYLC{HGK{H~M\HLxIEKMKGIAHYEKHIK[ILxMFIKMKD]IKHIEK
ELCAMEJKEMKD]IKAMEMwHGKMC~CGKFMFIJKAHFHKIPKDPBMGH\]IKDIK{H~M\HLxIK
IPKDIKGIAHYKAIEKELCAMES
5=40619?7:1676210 4?4D167 6?1:1661662157?16
NMKAMEMwHGKHLFMGHGKHKHYHGD{CHJKHKYIEC\]IKMKIKFHBHDxIKAHK
DPBMGH\]IJKAHKAHFHKIPKAIKFMFIKAIK{H~M\HLxIKMKAIKGIAHYKMBKFIAIEK
IEK[ILxMFIEJK[H\HKHEKHLFMGH\MEKDIK[ILxMFIKBMEFGMSKTHGHKCD{LPCGKPBK
DIBMKIPKLIZIFCYIKMBKFIAHEKHEKY}ZCDHEKAIK[ILxMFIJK~HEFHKHAC{CID}V
LIKHIKBMEFGMSK@EKHLFMGH\MEK[MCFHEKDIK[ILxMFIKBMEFGMKFHB~BKE]IK
MC~CAHEKDHKCBYGMEE]IKAHKMEFGPFPGHKAMKFUYC{IES
8 0= =062157?16
SK@~GCGKHKHYGMEMDFH\]IKMBKPMKAMEMwHKCBYGCBCGKIEK[ILxMFIES
X+a
RBYGCBCGKMJKMBKEMZPCAHJK{LC{HGKMBKCEPHLCHGKCBYGMEE]IS
Y
EMLM{CIDHGKHKIY\]IKAMEMwHAHKAMKLHIPFKAIK[ILxMFIKDHKLCEFHS
rK[IGBHFIKILxMFIEKKNLCAMEKYIGKT}ZCDHKYIEEPCKLCDxHEKYHGHK
HDIFH\MEKAIKY~LC{IS
+
rGCMDFH\]IKMJKMBKEMZPCAHJK{LC{HGKMBKTHCEHZMBKIPKMFGHFIS
SKOLC{HGKMBKRBYGCBCGS
NMKAMEMwHGKCBYGCBCGK[ILxMFIEKMBK{IGMEJKEMLM{CIDHGKPBHK
CBYGMEEIGHK{ILIGCAHS
X+a
RBYGCBCGKMJKMBKEMZPCAHJK{LC{HGKMBKCEPHLCHGKCBYGMEE]ISKXBK
RBYGCBCGJK{LC{HGKMBKrY\MEJKHYIDFHGKYHGHKOIGMXE{HLHKAMKOCDHKMK
EMLM{CIDHGKOIGS
2<|y| 7| |z{5y
I{KYIAMK{GCHGKHDIFH\MEKY}ZCDHEKCBYGMEEHEKPMKMC~MBK
HDIFH\MEKAIKHPFIGKH~HCIKAIKELCAMKPMK{IDFBKHEKHDIFH\MESK
{IBIKDIFHEKYHGHKECKBMEBIJKMDPHDFIKGMHLCHKHKHYGMEMDFH\]IJKIPK
YHGHKIKY~LC{IS

2<|y| 7| |4=y{
I{KYIAMKCBYGCBCGKHEKHYGMEMDFH\MEKDHK[IGBHKAMK[ILxMFIEJK
{IBKHFKDI|MKELCAMEKMBKPBHKY}ZCDHJKPMKYIAMBKEMGKPFCLCHAIEKYMLIK
Y~LC{IKYHGHKH{IBYHDxHGKHKHYGMEMDFH\]IKIPKYHGHKGM[MGD{CHK[PFPGHS

0=406491?476
EMKIKYHCDMLKAMKHDIFH\MEKIKYHCDMLKDIKBIAIKAMKMC~C\]IK
DIGBHLKDIKPHLK|I{KACZCFHKHEKHDIFH\MEKPMKAMEMwHKCD{LPCGKMBKPBK
ELCAMSKI{KCBYGCBMKMEEHEKHDIFH\MEK{IBIKY}ZCDHEKAMKHDIFH\MEK
IPKHEKMC~MKHIKEHL|HGKPBHKHYGMEMDFH\]IK{IBIKY}ZCDHKAHKs M~SKDHK
MC~C\]IKIGBHLKYHGHKZGH|HGKHDIFH\MEKEI~GMKIEKELCAMES

KrK[ILxMFIK{IBKFGEKELCAMEKYIGKY}ZCDHKYIEEPCKMEYH\IEKMDFGMKHEK
LCDxHEKYHGHKHDIFH\MES

I{KYIAMKACZCFHGKMK[IGBHFHGKEPHEKHDIFH\MEKMDPHDFIKFGH~HLxHK
DHKMC~C\]IKIGBHLJKBHEKYHGHK|MGK{IBIKHEKHDIFH\MEKEMG]IK
CBYGMEEHEKMKIKM[MCFIKZMGHLKAHK[IGBHFH\]IKAMKPHLPMGKFMFIJK{IBIK
HEK{IGMEKAHK[IDFMJKHLFMGDMKYHGHKIK IAIKAMKHDIFH\MESKQHB~BK

HDIFH\MEKDIK IAIKAMKHDIFH\MES

I{KYIAMKEMLM{CIDHGKPBKLHIPFKYHGHKIEK[ILxMFIEKMBK
|CEPHLCH\]IKAMKCBYGMEE]IKPBKBIAIKAMKMC~C\]IKAMKPBKAI{PBMDFIK
AHKBHDMCGHK{IBIKMLMKHYHGM{MG}KHIKEMGKCBYGMEEIS
N


OHAHKHDIFH\]IKBIEFGHKPBHKCBHZMBKAMKELCAMJKwPDFIK{IBKHEK
HDIFH\MEK{IGGMEYIDAMDFMEKHKPBKELCAMSKIK IAIKHDIFH\MEJK|I{K

{IBIKPBKBMFHGPC|IKPMKYIAMKEMGKAMEHZGPYHAIKMKBHDCYPLHAIK
{IBIKAICEKIPKBHCEKI~wMFIEJKIPKPBKHGPC|IKPMYMGBHDM{MK{IBIK
PBKDC{IKI~wMFIK{IBIK~CFBHYEJKFH~MLHEKIPKIPFGHEKCLPEFGH\MES

K
80
MPH\]IKIPKIPFGHK[IGBHKAMKCD[IGBH\]ISKrEKI~wMFIEK{GCHAIEKMBKPBK
HYLC{HFC|IJK{IBIKYLHDCLxHEJKMK|CD{PLHAIEKIPKCD{IGYIGHAIEKMBKIPFGIK
HYLC{HFC|IKE]IKI~wMFIEKrXKHAC{CIDHAIKHIK IAIKAMKHDIFH\MEK
EMG}KMC~CAIKDHEKHDIFH\MEJKBHEKD]IKDHKFMLHKAHKMC~C\]IKIGBHLS
NMKEHL|HGKEPHEKHYGMEMDFH\MEK{IBIKPBHKY}ZCDHKAHKs M~JKHK
CBHZMBKIPKIKI~wMFIKD]IKEMG}KMC~CAIKPHDAIKH~GCGKHKHYGMEMDFH\]IK
DIKDH|MZHAIGKs M~JKMB~IGHKEPHEKHDIFH\MEKEMwHBKMC~CAHES
@EKHLFMGH\MEJKHAC\MEKMKM{LPEMEKGMHLCHAHEKDHEKHDIFH\MEK
HYLC{HBVEMKHYMDHEKGEKHDIFH\MEKMKHIKFMFIKAHEKBMEBHEKDIKBIAIK
AMKMC~C\]IKIGBHLS
NMKAMEMwHGKHPBMDFHGJKGMYIEC{CIDHGKIPK[IGBHFHGKHK}GMHKAMK
CBHZMBKAIKELCAMKIPKHK}GMHKAHEKHDIFH\MEJK|}KYHGHKIK IAIKAMK
HDIFH\MEKMK[H\HKHEKHLFMGH\MES
I{KD]IKYIAMKAMEMDxHGKCBHZMDEKDIKYHCDMLKAMKHDIFH\MEKDIK
BIAIKAMKMC~C\]IKIGBHLSK@LFMGDMKYHGHKIK IAIKAMKHDIFH\MEKMK
AMEMDxMKIPKHAC{CIDMKHKCBHZMBS
5=40619?7:1676210 4?4D1646?1:466466491?476
THGHKHYLC{HGK{IDFMAIKIPK[IGBHFH\]IKHKFIAHEKHEKHDIFH\MEK
MBKPBHKHYGMEMDFH\]IJKHLFMGMKHEK@DIFH\MEKBMEFGHEKPBKBIAIKAMK
++
FIAIEKIEKELCAMEKIPKY}ZCDHEKAMKEPHKHYGMEMDFH\]IS
OHAHKHYGMEMDFH\]IKFMBKPBKBMEFGMKYHGHK{HAHK{IBYIDMDFMK
YGCD{CYHL,KELCAMEJKELCAMEKAMKFFPLIEJKHDIFH\MEKAIKIGHAIGKMK[ILxMFIEK
YHGHKIKY~LC{ISKTIGKMMBYLIJKYHGHKCDEMGCGKIKLIZIFCYIKAMKPBHK
MBYGMEHKIPKIPFGHKHGFMKMBKFIAHEKHEKY}ZCDHEKAMKHDIFH\MEJKHAC{CIDMK
HKHGFMKHK@DIFH\]IKBMEFGHSKrPJKEMKAMEMwHGKHLFMGHGKIKMEFCLIKAHK[IDFMK
PEHAIKYHGHKFIAHEKHEKHDIFH\MEJKHLFMGMKIKMEFCLIKDHK@DIFH\]IKBMEFGHSK
I{KYIAMKHLFMGHGKHKHYHGD{CHKMKHKYIEC\]IKAHK}GMHKAIKELCAMJKAHEK
HDIFH\MEJKAIEK{H~M\HLxIEJKAIEKGIAHYEJKAIEKDBMGIEKAMKY}ZCDHK
MKAHKAHFHS
48=B=06491?47667 6< 46<=946:46 7B
NMK|I{KEHL|HGKEPHKHYGMEMDFH\]IK{IBIKPBHKY}ZCDHKAHKs M~JK
EPHEKHDIFH\MEKEMG]IKMC~CAHEKHPFIBHFC{HBMDFMJKHKBMDIEKPMK
EMwHBKI{PLFHAHESKrEKFFPLIEKFGHDE[IGBHBVEMKMBKPBKEPB}GCIKAHK
HYGMEMDFH\]IKMKHEKHDIFH\MEKAIKELCAMKHYHGM{MBKH~HCIKAMK{HAHK
ELCAMSK
NPHEKHDIFH\MEKYIAMBK[HMGKIKYHYMLKAMKIGHAIGJK[IGDM{MDAIK
HIKY~LC{IKIEKMLMBMDFIEK~}EC{IEKMKIEKAMFHLxMEKPMKPBKIGHAIGK
[IGDM{MGCHKAPGHDFMKPBHKHYGMEMDFH\]IKHIK|C|IS
1<5?406166?i=1667 6< 46407679?4D16:46 7B
NMK|I{KEHL|HGKEPHKHYGMEMDFH\]IK{IBIKPBHKY}ZCDHKAHK
s M~JKIEKFUYC{IEKHEEI{CHAIEKGKEPHKHYGMEMDFH\]IKEMG]IKMC~CAIEK
HPFIBHFC{HBMDFMKYMLIKEMPKDH|MZHAIGKAHKs M~SK
N

rEKFFPLIEKAIKELCAMKEMKFIGDHBKPBKEPB}GCIKDHKHYGMEMDFH\]ISK
OHEIKD]IKAMEMwMKPMKIKFUYC{IKEMwHKMC~CAIJKI{PLFMVIKHDFMEKAMKEHL|HGK
IKHGPC|IK{IBIKPBHKY}ZCDHKAHKs M~S
X+a
NHL|HGKOIBIS
vSKHK{HCHKIBMKAIKHGPC|IJKACZCFHGKPBKDIBMKAMKHGPC|IKIPK
D]IK[HMGKDHAHKYHGHH{MCFHGKIKDIBMKEPZMGCAIS
SKHKLCEFHKNHL|HGK{IBIKFCYIJKEMLM{CIDHGKT}ZCDHKAHKs M~KMJKMBK
EMZPCAHJK{LC{HGKMBKTP~LC{HGS
LSKHK{HCHKAMKAC}LIZIKTP~LC{HGK{IBIKY}ZCDHKAHKs M~JK{LC{HGK
MBKrY\MEKAHKs M~S
SKHKZPCHKWMGHLJKAMEBHG{HGKHK{HCHKAMKEMLM\]IK@AC{CIDHGK
{IDFGILMEKAMKDH|MZH\]IKAMKELCAMKMK{LC{HGKMBKrS
ASKHK{HCHKAMKAC}LIZIKTP~LC{HGK{IBIKY}ZCDHKAHKs M~JK{LC{HGK
MBKTP~LC{HGS
8 0= =06466491?476
SK@~GCGKHKHYGMEMDFH\]IKMBKPMKAMEMwHKCBYGCBCGKHEKHDIFH\MES
X+a
RBYGCBCGKMJKMBKEMZPCAHJK{LC{HGKMBKCEPHLCHGKCBYGMEE]IS
Y
MK{LC{HGKMBK@DIFH\MES
+
rGCMDFH\]IKMJKMBKEMZPCAHJK{LC{HGKMBKMFGHFIKIPKTHCEHZMBS
SKOLC{HGKMBKRBYGCBCGS
>
MBKOH~M\HLxIKMKIAHYS
NMKAMEMwHGKCBYGCBCGKEPHEKHDIFH\MEKMBK{IGMEJKEMLM{CIDHGKPBHK
X+a
DHKEMFHKHIKLHAIKAMKRBYGCBCGKMJKMBKEMZPCAHJK{LC{HGKMBKCEPHLCHGK
CBYGMEE]ISKXBKRBYGCBCGJK{LC{HGKMBKrY\MEJKHYIDFHGKYHGHKOIGM
XE{HLHKAMKOCDHKMKEMLM{CIDHGKOIGS
2<|y| 7| | 7yyz{z8 xxy?|@|
:7646?0<?<046:76 i=16
XCEFMBK|}GCHEKBHDMCGHEKAMKMC~CGKPBHKHYGMEMDFH\]IKDIK
a +
a 3+
XEFGPFPGHKAMKQUYC{IEJKIKTItMGTICDFKBIEFGHKHKEPHKHYGMEMDFH\]IK
{IBIKPBHKMEFGPFPGHKAMKFUYC{IEK{IBKIEKFFPLIEKMKIKFMFIKYGCD{CYHLKAMK
{HAHKELCAMSKrEKFFPLIEKE]IKMC~CAIEKDIKLHAIKMEPMGAIKAIKYHCDMLJKPMK
{IDFBKHKZPCHKXEFGPFPGHKAMKQUYC{IEJKwPDFIK{IBKIK{IDMKMKIKDBMGIK
AIKELCAMSKrKFMFIKYGCD{CYHLKMEF}KGM{PHAIKH~HCIKAIKFFPLIKAIKELCAMSK
0+
{IDMKAIKELCAMKDIK IAIKAMKXC~C\]IKAMKXEFGPFPGHKAMKQUYC{IES
QGH~HLxHGKDIK IAIKAMKXC~C\]IKAMKXEFGPFPGHKAMKQUYC{IEK
KMEYM{CHLBMDFMKYG}FC{IKEMK|I{KPCEMGK[HMGKMAC\MEKZLI~HCEJK
I~FMGKPBHK|CE]IKZMGHLKAHKHYGMEMDFH\]IJKHLFMGHGKHKEM1D{CHKAIEK
BHG{HAIGMEKIPKELCAMEKIPKGMHLCHGKHLFMGH\MEKDHK[IGBHFH\]IS
PHDAIK|I{KEHL|HKHKHYGMEMDFH\]IK{IBIKPBHKY}ZCDHKAHKs M~JK
IKFMFIKAHKZPCHKXEFGPFPGHKAMKQUYC{IEKEMKFGHDE[IGBHKMBKPBKDAC{MJK
YHGHKPMK|I{KYIEEHKDH|MZHGKYMLIEKELCAMES
@EKZPCHEKXEFGPFPGHKAMKQUYC{IEKMKNLCAMEKE]IKHLFMGHAHEKYHGHK
:3
AMKQUYC{IEKMEFC|MGKI{PLFHJK~HEFHKHBYLCHGKIKYHCDMLJKHGGHEFHDAIKHK
~IGAHKACGMCFHS

@PBMDFHGKIKFHBHDxIKAIKYHCDMLKPMK{IDFBKHEKZPCHEKXEFGPFPGHK
AMKQUYC{IEKMKNLCAMES


0=406< 46407679?4D16916 1:16:7648=B=D16:7646?0<?<046
:76 i=16
SKHKZPCHKXC~CGJKDIKZGPYIK IAIEKAMKXC~C\]IKAMK
@YGMEMDFH\]IJK{LC{HGKMBKIGBHLS
vSKIKYHCDMLK{IDFMDAIKHEKZPCHEKXEFGPFPGHKAMKQUYC{IEKMKNLCAMEJK
{LC{HGKDHKZPCHKXEFGPFPGHKAMKQUYC{IES
SKHKZPCHKXEFGPFPGHKAMKQUYC{IEJKYIEC{CIDHGKIKYIDFMCGIKMK{ILHGK
IK{IDFMAIKIPK{IBM\HGKHKACZCFHGKIKFMFIS
48=B=06< 46407679?4D16916 1:16:7646?0<?<046:76
i=16
SKHKZPCHKXC~CGJKDIKZGPYIK IAIEKAMKXC~C\]IKAMK
@YGMEMDFH\]IJK{LC{HGKMBKIGBHLS
vSKIKYHCDMLKPMK{IDFBKHEKZPCHEKXEFGPFPGHKAMKQUYC{IEKMK
NLCAMEJK{LC{HGKDHKZPCHKXEFGPFPGHKAMKQUYC{IES
8 0= =06< 46407679?4D16916 1:16:7648=B=D16:76
46?0<?<046:76 i=16
SK@~GCGKHKHYGMEMDFH\]IKPMKAMEMwHKCBYGCBCGS
vSKHKZPCHKXC~CGJKDIKZGPYIK IAIEKAMKXC~C\]IKAMK
@YGMEMDFH\]IJK{LC{HGKMBKIGBHLS
SKIKYHCDMLKPMK{IDFBKHEKZPCHEKXEFGPFPGHKAMKQUYC{IEKMK
NLCAMEJK{LC{HGKDHKZPCHKXEFGPFPGHKAMKQUYC{IES
X+a
LHAIKAMKRBYGCBCGKMJKMBKEMZPCAHJK{LC{HGKMBKCEPHLCHGKRBYGMEE]IS
Y
MBKEMZPCAHJK{LC{HGKMBK IAIKAMKMEFGPFPGHKAMKFUYC{IES
>+
rGCMDFH\]IKMJKMBKEMZPCAHJK{LC{HGKMBKTHCEHZMBKIPKMFGHFIS
uSKOLC{HGKMBKRBYGCBCGS
1414AKTHGHKMC~CGKHK{HCHKAMKAC}LIZIKRBYGCBCGJK
YGMEECIDHGKOQjTS
vSKOLC{HGKMBKI{HLCHGKRBYGMEEIGHS
SKHKLCEFHKIBMJKEMLM{CIDHGKHKCBYGMEEIGHKPMK|I{KAMEMwHKPEHGS

_`jgkjdbcga`BCabjga`nd`adOTifkQf`
nf`bkgie fQRg
NMZPGHD\HKAMKRD[IGBH\]IKMEF}KGMLH{CIDHAHK{IBKHKYGIFM\]IK
MCEFMDFMKIPKDM{MEE}GCHKEI~GMKAHAIEKPMKYIEEPMBK|HLIGKYHGHK
HLZPBKIPKPBHKIGZHDCH\]ISKTIEEPCKHEYM{FIEK~}EC{IEK{IBIK
+
PMKDIEKHwPAHKHKMDFMDAMGKHEKDM{MEECAHAMEKAMKEPHKYGIFM\]IKMKPMK
D]IKEMKHYLC{HKIPKMEF}KGMEFGCFHKHKECEFMBHEK{IBYPFH{CIDHCEJKDMBKHK
CD[IGBH\MEKMLMFGqDC{HEKIPKPHLPMGKIPFGHK[IGBHKBM{DC{HKAMK
HGBHMDHBMDFISKXLHKEMKHYLC{HKHKFIAIEKIEKHEYM{FIEKAMKYGIFM\]IKMK
HGBHMDHBMDFIKAMKCD[IGBH\MEKMKAHAIEJKMBKPHLPMGK[IGBHSKrK
D|MLKAMKEMZPGHD\HKAMKPBKECEFMBHKIYMGH{CIDHLKAMK{IBYPFHAIGKYIAMK
+
1048 15674654c
02
@KNMZPGHD\HKAHKRD[IGBH\]IKGM[MGMVEMKGKYGIFM\]IKMCEFMDFMK
EI~GMKHEKCD[IGBH\MEKAMKPBHKAMFMGBCDHAHKMBYGMEHJKCDEFCFPC\]IK
ZI|MGDHBMDFHLKIPKYMEEIHJKCEFIKJKHYLC{HVEMKFHDFIKHEKCD[IGBH\MEK
{IGYIGHFC|HEKPHDFIKHEKYMEEIHCES
XDFMDAMVEMKYIGKCD[IGBH\]IKFIAIKMKPHLPMGK{IDFMAIKIPKAHAIK
PMKFMDxHK|HLIGKYHGHKHLZPBHKIGZHDCH\]IKIPKYMEEIHSKXLHKYIAMKMEFHGK
ZPHGAHAHKYHGHKPEIKGMEFGCFIKIPKMYIEFHKHIKY~LC{IKYHGHK{IDEPLFHKIPK
HPCEC\]IS
N

TIAMBKEMGKMEFH~MLM{CAHEKBFGC{HEK{IBKIKPEIKIPKD]IKAMK
[MGGHB+
{IBKCEFIJKEMGMBKMEFH~MLM{CAHEKHEK~HEMEKYHGHKHD}LCEMKAHKBMLxIGCHKIPK
YCIGHKAHKECFPH\]IKAMKEMZPGHD\HKMCEFMDFMS
@KEMZPGHD\HKAMKPBHKAMFMGBCDHAHKCD[IGBH\]IKYIAMKEMGKH[MFHAHK
YIGK[HFIGMEK{IBYIGFHBMDFHCEKMKAMKPEIKAMKPMBKEMKPFCLCHKAMLHJK
YMLIKHB~CMDFMKIPKCD[GHMEFGPFPGHKPMKHK{MG{HKIPKYIGKYMEEIHEKBHLK
0
HKCD[IGBH\]IS
@DFMEKAMKYGIFMZMGJKAM|MBIEKEH~MG,
W
W
W
W
 4085 15674654c
02
rKEPYIGFMKYHGHKHEKGM{IBMDAH\MEKAMKEMZPGHD\HKYIAMKEMGK
MD{IDFGHAIKMB,
2<9D6E9FGHIGw<9GJKE]IK~HGGMCGHEKPMKLCBCFHBKIK
{IDFHFIKIPKH{MEEIKACGMFIKHKCD[IGBH\]IKIPKHKCD[GHMEFGPFPGHKPMK
ZHGHDFMKHKMCEFD{CHKAHKCD[IGBH\]IKPMKHKEPYIGFHS
M|MBIEKHFMDFHGKYHGHKHBMH\HEKEMBYGMKYGMEMDFMEJKBHEK
DMBKEMBYGMKLMB~GHAHEKCD{DACIEJKAMEH~HBMDFIEJKGMLBYHZIEJK
HLHZHBMDFIEJKYGI~LMBHEKDHKGMAMKMLFGC{HJKH{MEEIKCDAM|CAIKAMK
YMEEIHEKHIEKEMG|CAIGMEKIPKMPCYHBMDFIEKAMKGMAMJKFGMCDHBMDFIK
CDHAMPHAIKAMK[PD{CID}GCIEJKMF{S
MACAHEKAMKYGIFM\]IK[EC{HJKFHCEK{IBIKEMG|C\IEKAMKZPHGAHJKPEIK
AMKDI~GMHEJKHLHGBMEKMK[M{xHAPGHEJK{CG{PCFIKCDFMGDIKAMKFMLM|CE]IK
MKECEFMBHEKAMKME{PFHKE]IKGMHLBMDFMKPBHKYHGFMKAHKEMZPGHD\HKAHK
CD[IGBH\]ISK@EKBMACAHEKAMKYGIFM\]IK[EC{HKE]IK[GMPMDFMBMDFMK
{CFHAHEK{IBIKEMZPGHD\HK{IBYPFH{CIDHLJK|CEFIKPMKFBKPBK
CBYIGFHDFMKYHYMLKFHB~BKDHKYGM|MD\]IKAIEKCFMDEK{CFHAIEKDIK
YHG}ZGH[IKH{CBHS
rKYIDFIV{xH|MKKPMKHEKF{DC{HEKAMKYGIFM\]IKAMKAHAIEKYIGKBHCEK
0+
[EC{HKD]IK[IGKZHGHDFCAHS
t514I14I
@KBHCIGCHKAIEKECEFMBHEKIYMGH{CIDHCEJKYGCD{CYHLBMDFMKHEK
ACEFGC~PC\MEKCDPJK|MBKH{IBYHDxHAHKAMKBPCFIEKHYLC{HFC|IEKPMK
E]IKCDEFHLHAIEKIY{CIDHLBMDFMKDIKYGI{MEEIKAMKCDEFHLH\]IKAIKECEFMBHS
NMDAIKHEECBJKFIGDHVEMKDM{MEE}GCIKPMK|}GCIEKYIDFIEKEMwHBK
I~EMG|HAIEKYHGHKZHGHDFCGKHKEMZPGHD\HKAMEAMKHKCDEFHLH\]IKAIKECEFMBHJK
AIEKPHCEKYIAMBIEKAMEFH{HG,
W:0/
HYLC{HFC|IEK{IBKYGI~LMBHEKYIAMBK[H{CLCFHGKIKH{MEEIKAMKPBKHFH{HDFM
W+
EMG]IKPFCLCHAIE,K PCFHEK|MMEKIKECEFMBHKCDC{CHKHPFIBHFC{HBMDFMK
AC|MGEIEKHYLC{HFC|IEKPMKD]IKE]IKDM{MEE}GCIEJKMEEMEKHYLC{HFC|IEK
FHB~BKYIAMBK[H{CLCFHGKHK|CAHKAMKPBKHFH{HDFM
W^
GMAM,KYGI~LMBHEKDMEEMKFCYIKAMKHYLC{H\]IKYIAMBKAMCHGKIKECEFMBHK
|PLDMG}|MLKHKHFHPMEKGMBIFIEKPMKYIAMBKEMGKGMHLCHAIEKHFGH|EKAHK
GMAMKIPKRDFMGDMF
W8/
AC|CE]IK[EC{HKAIEKAHAIEK[H{CLCFHKHKBHDPFMD\]IKAHKEMZPGHD\H
WK+/
AMKPEP}GCIEKEMBKEMDxHJKIPK{IBKHKEMDxHKIGCZCDHLKAMKCDEFHLH\]IJK
YIAMBKEMGK[H{CLBMDFMKMYLIGHAHEKYHGHKI~FMGVEMKH{MEEIKHIKECEFMBHS


WGHDAMKYHGFMKAHEKCD|HEMEKDHKRDFMGDMFKH{IDFM{MKAM|CAIKHK[HLxHEK
{IDxM{CAHEKMBKHYLC{H\MEKAMKGMAMJKHEKPHCEKIEKHABCDCEFGHAIGMEKAMK
+3+
MDFMKYMLIKECBYLMEK[HFIKAMKPMKPHDAIK
PBHKDI|HK|PLDMGH~CLCAHAMKKAME{I~MGFHJKPBKZGHDAMKDBMGIK
AMKHFHPMEKKGMHLCHAIK{IBKEP{MEEISKTIGKCEEIKKMFGMBHBMDFMK
CBYIGFHDFMKPMKIEKHABCDCEFGHAIGMEKAMKECEFMBHEKEMKBHDFMDxHBK
HFPHLCHAIEKEI~GMKIEKYGCD{CYHCEKYGI~LMBHEKMD{IDFGHAIEKDIEK
HYLC{HFC|IEKPFCLCHAIEJKHFGH|EKAIEKECFMEKAIEKAMEMD|IL|MAIGMEK
+
MBYGMEHEK{IBMG{CHCEKAMEMD|IL|MAIGHEKAMKEI[FtHGMKMKHEKYGCD{CYHCEK
ACEFGC~PC\MEKCDPKYIEEPMBK~ILMFCDEKYMGCUAC{IEKCD[IGBHDAIKEI~GMK
HEKLFCBHEK|PLDMGH~CLCAHAMEKMD{IDFGHAHEKMKEPHEKAM|CAHEK{IGGM\MESK
@LZPDEKECEFMBHEK{xMZHBKHFKHKYIEEPCGKIKGM{PGEIKAMKHFPHLCH\]IK
HPFIB}FC{HJK[H{CLCFHDAIKHCDAHKBHCEKIKYGI{MEEIS
!11

APHEKGMAMEJKZMGHLBMDFMKHKGMAMKLI{HLKMKHKRDFMGDMFJKHFGH|EKAHKPHLKEUK
3
MBKFMBYIKGMHLKMKHKEMLM\]IKK[MCFHKAMKH{IGAIK{IBKPBK{IDwPDFIKAMK
GMZGHEKAMKH{MEEIKXLMKKFCYC{HBMDFMKPBKGIFMHAIGKMPCYHBMDFIKPMK

^^^
+0
AMEEMEKECEFMBHES
^
YGIAPFISKXLMKKHKEIBHKAMKFIAHEKHEKGMZGHEKHYLC{HAHEKHKGMAMSK
WMGHLBMDFMJKMEEHEKGMZGHEKE]IKMLH~IGHAHEK{IDECAMGHDAIKHEKYILFC{HEK
AMKH{MEEIKAHKIGZHDCH\]IS


{IBIK{xM{KYICDFS
MKH{IGAIK{IBKIEKBM{HDCEBIEKAMK[PD{CIDHBMDFIEKAIEK
/
WZ
W:Z
WZY+
VKCLFGIEKAMKTH{IFME
33
{IDFGILHKHKIGCZMBKMKIKAMEFCDIKAIEKYH{IFMEKAMKBMDEHZMDEKAHK
+
HEKCD[IGBH\MEKEI~GMKIKMDAMGM\IKRTKAMKIGCZMBKMKAMEFCDIKAIKYH{IFMK
MK{IBYHGHK{IBKPBHKLCEFHKAMKGMZGHEKAMKH{MEEIKYHGHKAMFMGBCDHGKEMK
YH{IFMKMEF}KHPFIGCHAIKIPKD]IKHKEMGKGMYHEEHAIKHFGH|EKAMLMS

BHCIGCHKAIEKGIFMHAIGMEKMKKFGHDEYHGMDFMKHIEKPEP}GCIEJKYIGBKYIAMK
EMGK[H{CLBMDFMK{IDFIGDHAHK{IBKRTKNYII[MGESKTIGKCEFIJKIKPEIKAMK
GIFMHAIGMEK{IBIKDC{HKAM[MEHKYHGHKPBHKGMAMK{IGYIGHFC|HKD]IKK
H{IDEMLx}|MLS
a
DIKGIFMHAIGJKYHGHKPBHKBHCIGKYMG[IGBHD{MKMK{IDFGILMJKKDM{MEE}GCHKHK
+
DBMGIKAMKGMZGHEKKHYLC{HAIKACGMFHBMDFMKDIKGIFMHAIGJKMLMKH{H~HK
YMGAMDAIKYMG[IGBHD{MSK@LBKACEEIJKCGMtHLLKBHCEKH|HD\HAIEK
:
INS
N6

VKNFHFM[PLKCGMtHLLE
:Z
XLMKPFCLCHKPBHKF{DC{HK{xHBHAHKNFHFM[PLKTH{MFKRDEYM{FCIDJK
3
+
{H~M\HLxIJKPMK{IDFBKHYMDHEKIEKMDAMGM\IEKAMKIGCZMBKMKAMEFCDIK
AHKCD[IGBH\]ISKXLMKK{xHBHAIKAMK:EFHFM[PL2KYIGPMKMHBCDHKIEK
{IDFMAIEKAIEKYH{IFMEKYHGHKAMFMGBCDHGKPHLKKIKMEFHAIKAHK{IDM]IJK
X,KXLMKZHGHDFMKPMKIK{IBYPFHAIGKAMEFCDIKAMKPBHKCD[IGBH\]IK
FMDxHKGMHLBMDFMKEILC{CFHAIKHDFMGCIGBMDFMKHKCD[IGBH\]IKHFGH|EKAHK
{IDM]IKHFPHLS
@LBKAMKEMGMBKBHCEKGCZIGIEIEKDHKCDEYM\]IKAIEKYH{IFMEJKIEK

+0
PBHKBHCIGKYGIFM\]IK{IDFGHKHKHBMH\HKAMKYIGFKE{HDDCDZS
VKCGMtHLLEKMBK|MLKAMK@YLC{H\]I
Y

{IDFGILHAISKXEEHEKHYLC{H\MEKCDFMG{MYFHBKFIAIKIKFG}[MZI
GM{M~CAIKMKIKMD|CHKYHGHKHEKHYLC{H\MEK{IGGMEYIDAMDFMEKHEECBJK
{HAHKHYLC{H\]IKYIAMK{IDFGILHGKIKPEIKAMKPBKEMG|C\IS

YMG[IGBHD{MJKw}KPMKMLMKHDHLCEHKFIAHKHK{IBPDC{H\]IKPFCLCHDAIK
YGICMEJKMLMKYMGBCFMKPBHKBHCIGKHPACFIGCHKEI~GMKIK{IDFGILMKDIK
0
M|MDFIEKHEEI{CHAIEKHKPBKAHAIKEMG|C\IS
+
+++
PMKHLZPBHEKHYLC{H\MEKD]IKFGH~HLxHBK{IGGMFHBMDFMK{IBKMEEMEK
BM{HDCEBIES
196=:70476661B07616<616:769=074556
3++
CDMEFCB}|MCEKYHGHKEMZPGHD\HKAHKCD[IGBH\]IJKMCEFMBKHLZPDEKHFHPMEK
++
FG}[MZIKD]IK{GCYFIZGH[HAIJKM,KRDFMG{MYFH\]IKAMKMVBHCLSK@LBKACEEIJK

MKHPACFIGCHJKMLMEKFHB~BKYIAMBKEMKFIGDHGKPBKDC{IKYIDFIKAMK[HLxHK
+
:


HKGMAMK{IDFGHKIEKHFHPMEKMFMGDIEJKBHEKD]IK{IDFGHKIEKHFHPMEK
Y
D]IKZHGHDFMBKBPCFHKYGIFM\]ISKCDHLBMDFMJK{IBIKBMD{CIDHAIKIEK
+^
:
YGIFM\]IS
+
0
IPFGHEKBMACAHEKAMKEMZPGHD\HS
XCEFMBJK{LHGIJKIPFGIEKBM{HDCEBIEKAMKEMZPGHD\HKPMKHYICHBK
IEK{IDFGILMEK[EC{IE,KTIGFHEKMKFGHD{HEKMKYHGMAMEKMK~LCDAHZMBKMKZPHGAHEK
MKMF{S


2<9D6E9456K815KE]IK~HGGMCGHEKPMKCBYMAMBKIPK
LCBCFHBKIKH{MEEIKGKCD[IGBH\]IJKPMKMEF}KMBKHB~CMDFMK{IDFGILHAIJK
L
HLFMGH\]IKD]IKHPFIGCHAHKYIGKMLMBMDFIKBHLKCDFMD{CIDHAIS
XCEFMBKBM{HDCEBIEKAMKEMZPGHD\HKPMKHYICHBKIEK{IDFGILMEK
LUZC{IE,
54574I
+
ZGMZHE,
WK.
WKZ

{UACZIESKKMDF]IKPBK{IDwPDFIKAMKF{DC{HEKPMKFIGDHBKPBHK
BMDEHZMBKCD{IBYGMMDE|MLKYMGBCFCDAIKHYMDHEKPMKIKAMEFCDHF}GCIK
PMK{IDxM\HKHK{xH|MKAMKMD{GCYFH\]IKYIEEHKAM{GCYFHGKMKLMGKHK
BMDEHZMBK{IBK{LHGMHS
TMGBCFMBKHKFGHDE[IGBH\]IKGM|MGE|MLKAHKCD[IGBH\]IKAMK[IGBHK
HKFIGD}VLHKCDCDFMLCZ|MLKHKFMG{MCGIESKFCLCHVEMKYHGHKFHLJKHLZIGCFBIEK
AMFMGBCDHAIEKMKPBHK{xH|MKEM{GMFHKYHGHJKHKYHGFCGKAMKPBK{IDwPDFIK
AMKAHAIEKD]IKMD{GCYFHAIEJKYGIAPCGKPBHKEMPD{CHKAMKAHAIEK
MD{GCYFHAIESK@KIYMGH\]IKCD|MGEHKKHKAMEMD{GCYFH\]IS
5421
KBK{IDwPDFIKAMKAHAIEKMD{GCYFHAIEJKHEEI{CHAIEKHKPBK
AI{PBMDFIKAIKPHLKE]IK[PD\]IJKZHGHDFCDAIKHKCDFMZGCAHAMKAIK
+
@KHEECDHFPGHKACZCFHLJKYIGFHDFIJK~PE{HKGMEIL|MGKAICEKYGI~LMBHEK
+
CD[IGBH\ME,KHKRDFMZGCAHAMKMKHKTGI{MAD{CHS
XLHKPFCLCHKPBHK[PD\]IK{xHBHAHKIDMVtHKxHExK[PD{FCIDJK
FHB~BK{IDxM{CAHK{IBI,K{IBYGMEECIDK[PD{FCIDJK{GYFIZGHYxC{K
3+
EFGCDZKDC{HKEI~GMKPBHKCD[IGBH\]IJKEMKMEEMK|HLIGK[IGKIKBMEBIKFHDFIK
+
D]IK[ICKHLFMGHAHS
MEBIKHEECBKCEEIKHCDAHKD]IKZHGHDFMKFIFHLKCDFMZGCAHAMJKYICEK
HKCD[IGBH\]IKYIAMKFMGKECAIKHLFMGHAHKDIKEMPKMD|CIKMKPBKDI|IKxHExK
YIAMKFMGKECAIK{HL{PLHAIS

HEECBFGC{HK{IBKHK[PD\]IKAHEK{xH|MEKDPBKEMDFCAIKCD|MGEIJKIDAMK
IKxHExKK{GCYFIZGH[HAIKPEHDAIKHK{xH|MKYGC|HAHKAIKGMBMFMDFMJK
EMDAIKHEECBKIKAMEFCDHF}GCIKAMKYIEEMKAHK{xH|MKY~LC{HKAIKGMBMFMDFMK
YIAMG}KAM{GCYFHGKIKxHExSKMEEHKBHDMCGHKZHGHDFCBIEKHKYGI{MAD{CHJK

xHExKPMKEMG}KH~MGFIKYMLHKEPHK{xH|MKY~LC{HSK}KIKxHExJKZMGHAIKHK
+
HKCDFMZGCAHAMKAHKCD[IGBH\]IS
542545244454I
KEHDAIK[PD\MEKAMKHExCDZKIPKAMK{xM{HZMBJK{IDECEFCDAIK
DHKHAC\]IS
54514
^
CDFMLCZMDFMES
NH

 


HKCAMDFCAHAMKAMKPBKFCFPLHGKHKPBKYHGKAMK{xH|MEKMLMFGqDC{HEKPBHK
Y~LC{HKMKIPFGHKYGC|HAHKPMJKPEHAHEKMBK{IDwPDFIJK[IGDM{MBKHK
{IBYGI|H\]IKAHKCAMDFCAHAMSKKPBHK|MGE]IKMLMFGqDC{HKACZCFHLKAMK
HLZIKYHGM{CAIKHKPBHKOAPLHKAMKRAMDFCAHAMKVKEMG|MK{IBIKYGI|HK
AMKCAMDFCAHAMJKGM{IDxM{CAHKACHDFMKAMKPHLPMGKECFPH\]IKIDAMKEMwHK
DM{MEE}GCHKHK{IBYGI|H\]IKAMKCAMDFCAHAMS

AMKHYLC{H\MEJK{IBIK{IBG{CIKMLMFGqDC{IJKZGIPYtHGMKRDFGHDMFEKMK
RDFMGDMFKMKFGHDE[MGD{CHKMLMFGqDC{HKAMK[PDAIES
MEEHK[IGBHJKPBK{LCMDFMKPMK{IBYGMKMBKPBKExIYYCDZK
::
:/

HKBMEBHK[IGBHJKIKEMG|CAIGKYIAMG}KEILC{CFHGKHIK{IBYGHAIGKEMPK
^
MKYGM{CE]IS

RAMDFCAHAMKCZCFHLKHAPLFMGHAIJKMLMKEMG}KH|CEHAIKAIK[HFIJKMKHK
{IBPDC{H\]IK{IBKEMZPGHD\HKD]IKEMG}KMEFH~MLM{CAHS


THGHKFHDFIJKMEFHKHPFIGCAHAMKPEHKHEKBHCEKH|HD\HAHEKF{DC{HEKAMK
:
+

TIAMBIEKAMEFH{HGKFGEKMLMBMDFIEKYGCD{CYHCE,
VKRD[IGBH\]IKAMKHFGC~PFI,KKHKCD[IGBH\]IKEI~GMKIKI~wMFIKPMK
Y
DH{CIDHLCAHAMKMKMDAMGM\IKMVBHCLJKEPHKIGZHDCH\]IKMKIKAMYHGFHBMDFIK
AHKIGZHDCH\]IKIDAMKFGH~HLxHS
VKOxH|MKAMKCD[IGBH\]IKY~LC{H,KKHK{xH|MKY~LC{HKAHKMDFCAHAMK

CD[IGBH\]IKAMKHFGC~PFIJKAME{GCFHKH{CBHSK@K{xH|MKY~LC{HKYIAMKEMGK
PHLPMGK{xH|MKHEECBFGC{HJKBHEKPEPHLBMDFMKKPBHK{xH|MKN@S
^+/
HEECDHKIEKAICEKYGCBMCGIEKMLMBMDFIEKMJKMDF]IJKHAC{CIDHK{GMAC~CLCAHAMK

H{GMACFHG}KDHKCD[IGBH\]IKAMKHFGC~PFIKMK{xH|MKY~LC{HKHEEI{CHAHEKEMK
+
3
YHGHK{IBPDC{H\MEKEMZPGHEKDHKRDFMGDMF,
W::-::-
W:a a 3^:a a 3
WZ:
W0
rK3+
ACZCFHCEKMKKPEHAIKMBKYGHFC{HBMDFMKFIAIEKIEKECFMEKPMK[HMBK
{IBG{CIKMLMFGqDC{IKDHKGMAMKLC|GHGCHEJKLIwHEKAMKOJK~HD{IEK
MF{SSKrKNNKFM|MKPBHKYGCBMCGHK[HEMKAMKHAI\]IKIDAMKHYMDHEKIEK

FDxHBIEKZHGHDFCAIJKHLBKAHKCAMDFCAHAMKAIKEMG|CAIGJKIKECZCLIKDHK
+3
+
YIDFHK{LCMDFMJKMLCBCDHDAIKHEECBKHKDM{MEECAHAMKAIKPEIKAMKEMDxHEK
MKLIZCDES


rKM KKFHB~BKPBKYGIFI{ILIKBPCFIKYIYPLHGJKYICEKYMGBCFMK
PMKHEKBMDEHZMDEKAMK{IGGMCIKMLMFGqDC{IKFGH[MZPMBKMD{GCYFHAHEKMMIPK
HEECDHAHEKACZCFHLBMDFMSKMEFHK[IGBHKIEKMVBHCLEKD]IKYIAMBKEMGKLCAIEK
IPKHAPLFMGHAIEKYIGKFMG{MCGIEKAPGHDFMKIKEMPKFGDECFIKMDFGMKHKB}PCDHK
AIKGMBMFMDFMKMKHKAIKAMEFCDHF}GCISK@LBKACEEIJKIKAMEFCDHF}GCIKFMBKHK
ZHGHDFCHKAHKCAMDFCAHAMKAMKPMBKMD|CIPKIKMVBHCLS
rK2552KKPBHKFM{DILIZCHKPMKYMGBCFMKPMKIEKPEP}GCIEK
/
IKPEP}GCIKH{MEEHKIKEMPKRDFMGDMFKHDCDZKMKEILC{CFHKPBHKFGHDE[MGD{CHK
AMK[PDAIESKrKECEFMBHKAIK~HD{IJKHDFMEKAMK[HMGKHKIYMGH\]IJKYMAMKPMK

HKIYMGH\]ISKXEEMKGM{C~IKYIAMKEMGKZPHGAHAIKYMLIK~HD{IKYHGHKEMG|CGK
{IBIKYGI|HJK{HEIKIK{LCMDFMKYIEFMGCIGBMDFMKDMZPMKFMGKM[MFPHAIKHK
FGHDEH\]IS
rK54KMKIK"2552KE]IKFM{DILIZCHEKPMK
YMGBCFMBKPMKPBKAMEMD|IL|MAIGKAMKYGIZGHBHEKAMK{IBYPFHAIGK
HEECDMKACZCFHLBMDFMKEMPKEI[FtHGMSK@EECBJKHIK~HCHGKPBKEI[FtHGMK
YMLHKRDFMGDMFJKIKPEP}GCIKFMBK{MGFMHKAHKCAMDFCAHAMKAIK[H~GC{HDFMKAIK
YGIZGHBHKMKPMKIKEI[FtHGMKEMKBHDFM|MKDFMZGIKAPGHDFMKIKYGI{MEEIK

/
HKPBHK{HGFMCGHKAMKCAMDFCAHAMKMKIEKAMKPEIKGMEFGCFIKMPC|HLMDFMEKHK

+
IEKAMKPEIKGMEFGCFIKE]IK|ILFHAIEK~HEC{HBMDFMKYHGHKMBYGMEHEKIPK
ZI|MGDIS
RDFMZGCAHAM,K MACAHKMBKPMKPBKEMG|C\IMCD[IGBH\]IKK
+
IDMYIF,KKIKDIBMKAHAIKHKPBKEI[FtHGMJK{PwHK[PD\]IKK
AMFM{FHGKIPKAMKCBYMACGKHKH\]IKAMKPBK{GH{MGJKAMKPBKEYHBBMGJK
IPKAMKPHLPMGKHZMDFMKMFMGDIKMEFGHDxIKHIKECEFMBHJKMDZHDHDAIVIJK
[HMDAIVIKYMDEHGKPMKMEFMwHKAMK[HFIKMYLIGHDAIKPBHK|PLDMGH~CLCAHAMK
AHPMLMKECEFMBHS
 4256N654c
02
@BMH\HKKHLZIKPMKI[MGM{MKPBKGCE{IKMKFMBK{IBIK[I{IK
HLZPBKHFC|ISKBHKHBMH\HKFHB~BKYIAMKHYGI|MCFHGVEMKAMKHLZPBHK
|PLDMGH~CLCAHAMKAIKHB~CMDFMS
:.
@FHPMEKKHK~HEMKYHGHK{xMZHGKHIEKCE{IESKMB~GMVEMKPMKMCEFMBK
HEKYGCIGCAHAMEKMEEHEKYGCIGCAHAMEKE]IKIEKYIDFIEKPMKYIAMBK
{IBYGIBMFMGKIKMZU{CIKAHKXBYGMEHJKIPKEMwHJKIKPMKK{GP{CHLK
YHGHKHKEI~GM|C|D{CHKAHKXBYGMEHKK{GP{CHLKDIKEMPKYGIwMFIKAMK
NMZPGHD\HS
@~HCIKFMBIEKPBK{IDwPDFIKAMKHBMH\HEJK{xHBHAIKAMK
X,
O
Z+
MKEMDxHKAMKIPFGHKYMEEIHKYHGHKH{MEEHGKGM{PGEIEKIPKMM{PFHGKFHGM[HESK
NMZPMBKAICEKMMBYLIE,
WZ^
W3+
8Z+
EPHKEMDxHJKZGPAHAIKDIKEMPKBIDCFIGS
NN

14I
@KCILH\]IKI{IGGMKPHDAIKIEKAHAIEKE]IKHLFMGHAIE,
WMGHGKAHAIEKAPGHDFMKHKFGHDEBCEE]I
W
744I
@KMYPACH\]IKFHL|MKEMwHKPBHKAHEKLFCBHEKMFHYHEKAMKPBKHFHPMK
~MBKEP{MACAIJKYICEKKIKHFIKAMKDMZHGKHLZIKPMK[ICK[MCFISKREEIKYIAMK
EMGK[MCFIKHYHZHDAIKHEKMDFGHAHEKAIKIZKHYUEKPBKH{MEEIKCDAM|CAISK
XMBYLIE,
W3
W
6124I
@KC|PLZH\]IKAHEKRD[IGBH\MEKYIAMKEMGKF]IKZGH|MKMMIPK
{PEFHGKF]IK{HGIKPHDFIKPBKHFHPMKAMKMZH\]IKAMKNMG|C\IJK
YICEKCD[IGBH\MEKPMKD]IKYIACHBKEMGKH{MEEHAHEKYIGKFMG{MCGIEJK
HZIGHKMEF]IKEMDAIKAC|PLZHAHEKIPKPEHAHEKYHGHKI~FMGK|HDFHZMBKMBK
DMZU{CIES
MYMDAMDAIKAHKCD[IGBH\]IKMLHKYIAMKEMGKPEHAHK{IBIKI~wMFIKAMK
{xHDFHZMBSK@~HCIKMMBYLIEKAMKC|PLZH\]I,
W3
W39
24I464#*#5163*
@K[IGBHKBHCEK{IDxM{CAHKAMKHFHPMKPMK{IDECEFMKDHKYMGFPG~H\]IK
AMKPBKEMG|C\IJKAM|CAIKHKAHDIEK[EC{IEKIPKLUZC{IEK{HPEHAIEKDIK
ECEFMBHKPMKIKEPYIGFHBSKTHGHKYGI|I{HGKPBKINJKIEKHFH{HDFMEK
ACEEMBCDHBK|GPEJKZMGHBKZGHDAMEK|ILPBMEKAMKFG}[MZIKAMK[IGBHK


rKI~wMFC|IKAMEFMKHFHPMKKYHGHGKHLZPBKEMG|C\ISKXMBYLI,
WEF:PY:^Z
WEFa
rKHL|IKAMEFMKFCYIKAMKHFHPMKYIAMKEMGKPBKs M~KNMG|MGK{IDFMDAIK
IKECFMKAHKMBYGMEHJKIPKHFKBMEBIKCDPDAHGKIKOTKNMG|MGKI{HLK
{IBKEILC{CFH\MEKAMKRTJK[HMDAIK{IBKPMKDMDxPBHKMEFH\]IK{IBKRTK
ACDBC{IKI~FMDxHKMDAMGM\IKRTS
164I4612
@{IDFM{MKPHDAIKIKPEP}GCIKBHLVCDFMD{CIDHAIKPMGKMM{PFHGK
++/
W3
ECEFMBH
W
XEFMKPEP}GCIKYIAMKHYGI|MCFHGVEMKPMKIK@ABCDCEFGHAIGKAHKMAMK
M[MFPIPKLIZIDKDPBHKB}PCDHKMKHKAMCIPKAME~LIPMHAHJKMK{IBK
CEEIKHAC{CIDHGKHKEPHKYGUYGCHK{IDFHKHIEKZGPYIEKIBHCDK@ABCDEJKMK
MBIFMKMEFIYKEMGESKOIBKCEEIKMLMK[HKIKPMKPCEMGK{IBKHKGMAMK
AHKMBYGMEHJKBMEBIKPMKMEFMwHKMBK{HEHS


0(d4674654c
02

;<7 61:766706< 464 744Q

PMBKHFH{HKHKGMAMMECEFMBHKE]IKHZMDFMEKBHLC{CIEIEJKBPCFHEK
|MMEK{IDxM{CAIEK{IBIK{GH{MGEJKxH{MGEKD]IKE]IKHZMDFMEK
BHLC{CIEIEJKFMDFHBKHwPAHGKHKMD{IDFGHGKYIEE|MCEK[HLxHESKXEFHEK
YMEEIHEKE]IKBIFC|HAHEKYHGHK[HMGKMEFHKCLMZHLCAHAMKYIGK|}GCIEK
BIFC|IESKrEKYGCD{CYHCEKBIFC|IEKE]I,KDIFIGCMAHAMJKHPFIMEFCBHJK
|CDZHD\HKMKIKACDxMCGISKKEH~CAIKPMKBHCEKAMKuyR KAIEKHFHPMEK
YHGFMBKAMKPEP}GCIEKLMZFCBIEKAMKECEFMBHEKAMKCD[IGBH\]IKRDECAMGEK
VVKIKPMKBIFC|HK{IGYIGH\MEKHKCD|MEFCGKLHGZHBMDFMKMBK{IDFGILMEKAMK
EMZPGHD\HKYHGHKEMPEKHB~CMDFMEK{IGYIGHFC|IEKCDFGHDMFS
7
HK{HYH{CAHAMKMMIPKI~wMFC|IKAMEFHKYMEEIHS
W++
MKPEHK[MGGHBMDFHEKAMKFMG{MCGIESKWMGHLBMDFMKD]IKFMBKDI\]IKAIKPMK
MEF}K[HMDAIKIPKAHEK{IDEMPD{CHEKAHPMLMKHFIS
W+
PFCLCHK[MGGHBMDFHEKPEHAHEKYIGKFMG{MCGIESKXEFHKYMEEIHKYIAMKPMGMGK
HLZIKHLBKAMKFMEFHGKPBKTGIZGHBCDxHKH{MGS
W 
{IDxM{CBMDFIKAMKRD[GHMEFGPFPGHKMKTGIFI{ILIESKTIAMBKGMHLCHGK
HFHPMEKMEFGPFPGHAIESKOMGFHBMDFMKD]IKMEF]IKEUKFMEFHDAIKIEKEMPEK
YGIZGHBHES
XEFHEKAPHEKYGCBMCGHEKYMEEIHEKYIAMBKEMGK[PD{CID}GCIEKAHK
MBYGMEHJKMKYGI|H|MLBMDFMKMEF]IKEMKHYGI|MCFHDAIKAMKHLZPBHK
|PLDMGH~CLCAHAMKAIKEMPKHB~CMDFMS
dc04
b887745
rEKHFHPMEK{IBKBHCEK{xHD{MEKAMKAHGK{MGFIKE]IKHPMLMEKPMK
MYLIGHBK|PLDMGH~CLCAHAMEJKEMwHKMLHKPBHK|PLDMGH~CLCAHAMKAIK
ECEFMBHKIYMGH{CIDHLJKHYLC{HFC|IEKIPKYILFC{HEKCDFMGDHES
MwHKHLZPBHEK|PLDMGH~CLCAHAME,
WK8
YGM|CE|MCEKIPKPMKD]IKPEHBKGMPCECFIEKBDCBIEKAMK{IBYLMCAHAMSK
MCHGKPBKTIEFCFK{IBKHKEPHKEMDxHKZGPAHAHKDIKBIDCFIGKKPBHK
|PLDMGH~CLCAHAMS
W:8:
TH{EKMKIFCMEKBHLK[MCFIKKPBHK|PLDMGH~CLCAHAMK{IBPBSKMwHK
{HEIEK{IBIKIEKHFHPMEKAIKNLHBBMGKMKAIKLHEFMGJKEMDAIKPMKEPHEK
GMEYM{FC|HEK{IGGM\MEKw}KMEFH|HBKACEYID|MCEK~MBKHDFMEKAIEK
HFHPMEKEMGMBKGMHLCHAIES
W+
AMKNCEFMBHKI{HLJKMKPEP}GCIEKPMKYIEEPMBKYMGBCEEMEKH{CBHKAIK
DM{MEE}GCIS
W3:

W::
YIGFHEKD]IKEMZPGHESKCGMtHLLKMKIFMHAIGMEKPEHAIEKCD{IGGMFHBMDFMS
W.
HPFMDFC{H\]IKPEHDAIKYGIFI{ILIEKAMKFMFIKECBYLMEJKAHAIEKCBYIGFHDFMEK
MD|CHAIEKMBKFMFIKECBYLMEKYMLHKRDFMGDMFS
^+
EMwHKYIEE|MLKMLCBCD}VLHEJKBIDCFIGMKMKZMGMD{CMKIKGCE{IKAMKEPHEK
|PLDMGH~CLCAHAMES
MBKFIAIEKIEKYGI~LMBHEKAMKEMZPGHD\HKYIEEPMBKPBHKEILP\]IK
^K
HDHLCEHDAIKMK~HLHD{MHDAIKFIAHEKHEKCD[IGBH\MEKEI~GMK@FC|IEJK
@BMH\HEJKPLDMGH~CLCAHAMEJKYGI~H~CLCAHAMKMKCBYH{FIS
N\


FBKPMKAM{CACGKIKD|MLKAMKEMZPGHD\HKHKMEFH~MLM{MGKYHGHKPBKGMAMKIPK
ECEFMBHKIEKGM{PGEIEK[EC{IEKMKLUZC{IEKHKDM{MEECFHGKAMKYGIFM\]ISKIK

HIEKHFHPMEKMKIEKHEEI{CHAIEKGKCBYLMBMDFH\]IKAMKBM{HDCEBIEKAMK
YGIFM\]IKYHGHKBCDCBCHGKHKYGI~H~CLCAHAMKAMKI{IGGD{CHKAMKPBK
HFHPMKS
/1( 85674654c
02
MKH{IGAIK{IBKIKOKvzAKQxMKNCFMKNM{PGCFKHDA~IIJK
PBHKYILFC{HKAMKEMZPGHD\HK{IDECEFMKDPBK{IDwPDFIK[IGBHLKAMKGMZGHEK
PMKAM|MBKEMGKEMZPCAHEKYMLIEKPEP}GCIEKAIEKGM{PGEIEKAMKPBHK
IGZHDCH\]IS
@EKYILFC{HEKAMKEMZPGHD\HKAM|MBKFMGKCBYLMBMDFH\]IKGMHLCEFHJK

AIKYMEEIHLKAMKZMEF]IKAMKECEFMBHEKMKGMAMEKMKAHKACGM\]ISKM|MK
FHB~BKHAHYFHGVEMKHKHLFMGH\MEKDHKIGZHDCH\]ISK@EKYILFC{HEKAMK
EMZPGHD\HK[IGDM{MBKPBKMDPHAGHBMDFIKYHGHKHKCBYLMBMDFH\]IKAMK

HAMPHAIEJKYGI{MEEIEKAMKHPACFIGCHKGKEMZPGHD\HKMKMEFH~MLM{MBKPBHK
~HEMKYHGHKYGI{MACBMDFIEKLMZHCEKDHKEMPD{CHKAMKHFHPMES

AMCHGKAMK[IGHKFIAIEKIEKHEYMFIEKF{DC{IEKAMKCBYLMBMDFH\]IKAIEK
BM{HDCEBIEKAMKEMZPGHD\HJKYICEKMEEHKCBYLMBMDFH\]IKYIAMK|HGCHGKHIK
LIDZIKAIKFMBYISKM|MKEMGKFHB~BKPBKAI{PBMDFIKAMK[}{CLKLMCFPGHKMK
{IBYGMMDE]IJKHLBKAMKGMEPBCAIS

{IDECAMGH\]IKHIKMLH~IGHGKYILFC{HEKAMKEMZPGHD\HSKXDFGMKMEEHEKDIGBHEK
MEF]IKHKNKuuzzKMLH~IGHAHKYMLHKGCFCExKNFHDAHGAEKRDEFCFPFCIDKMKHK
KRNrMRXOKuuzzKHK|MGE]IK~GHECLMCGHKAMEFHKYGCBMCGHS
3
EMZPGHD\H,KHKYGIC~CFC|HKFPAIKPMKD]IKKMYGMEEHBMDFMKYMGBCFCAIK
KYGIC~CAIKMKHKYMGBCEEC|HKFPAIKPMKD]IKKYGIC~CAIKKYMGBCFCAIS
3:+
EUKAHKQM{DILIZCHKPEHAHJKBHEKFHB~BKAIEKTGI{MEEIEKPFCLCHAIEK
DHKEPHKCBYLMBMDFH\]IKMKAHKGMEYIDEH~CLCAHAMKPMKHEKTMEEIHEKFBK
DMEFMK{IDwPDFISKXEFHGKHFMDFIKHIKEPGZCBMDFIKAMKDI|HEKFM{DILIZCHEK
D]IK~HEFHJKKDM{MEE}GCIKMDFMDAMGKHEKDM{MEECAHAMEKAIKHB~CMDFMJKMK
CBYLHDFHGKYILFC{HEKPMK{IDE{CMDFCMBKHEKYMEEIHEKHKFGH~HLxHGKAMK
BIAIKEMZPGIS
NMPKHB~CMDFMKDPD{HKMEFHG}KEMZPGIJKD]IKCBHZCDMKPMKCDEFHLHDAIK
PBK~IBK@ DFC|GPEK|I{KMLCBCDHKHEKEPHEK|PLDMGH~CLCAHAMEKIPKACBCDPCK
HKPHDFCAHAMKAMKHBMH\HESKKMFGMBHBMDFMKDM{MEE}GCIK{IDxM{MGK
IKHB~CMDFMKMK[HMGKPBKMEFPAIJKYHGHKAMYICEKYIAMGKCBYLMBMDFHGK
[MGGHBMDFHEKMKEILP\MEKAMKEMZPGHD\HS
0123456b58566
45/48 16746d(
c56746
1 /c 71

7498082l1646/
1
 560 8d(
c5
16><766D160<66:761 <?4:10Q
rEK|GPEKGMYGMEMDFHBKPBKAIEKBHCIGMEKYGI~LMBHEKYHGHKPEP}GCIEK
AMK{IBYPFHAIGS
OIDECEFMBKMBKYMPMDIEKYGIZGHBHEK{GCHAIEKYHGHK{HPEHGK
HLZPBKAHDIKHIK{IBYPFHAIGKCD[M{FHAIJKEMwHKHYHZHDAIKAHAIEJKEMwHK


{HYFPGHDAIKCD[IGBH\MEJKEMwHKHLFMGHDAIKIK[PD{CIDHBMDFIKDIGBHLK
AHKB}PCDHSKrEKPEP}GCIEKAIEKECEFMBHEKIYMGH{CIDHCEKs CDAItEK
E]IK|FCBHEKPHEMKPMKM{LPEC|HEKAMK|GPEJKw}KPMKIEKECEFMBHEKAHK
C{GIEI[FKE]IKLHGZHBMDFMKPEHAIEKDIKBPDAIKFIAISKXCEFMBK|GPEK
YHGHKECEFMBHEKIYMGH{CIDHCEK H{KMKIEK~HEMHAIEKMBKDCJKBHEKMEFMEK
E]IKMFGMBHBMDFMKGHGIEKMK{IEFPBHBKEMGK~HEFHDFMKLCBCFHAIESKXEEMEK
YGIZGHBHEKBHLC{CIEIEKGM{M~MGHBKIKDIBMK|GPEKYIGPMKYIEEPMBK
HK{HGH{FMGEFC{HKAMKEMKBPLFCYLC{HGK[H{CLBMDFMJKHEECBK{IBIKI{IGGMK
{IBKIEK|GPEKGMHCEJKIPKEMwHJKIEK|GPEK~CILUZC{IESKXLMEKEMKACEEMBCDHBK
IPKHZMBKYIGKBMCIKAMK[HLxHEKIPKLCBCFH\MEKAMKAMFMGBCDHAIEK
YGIZGHBHEJKEMKMEYHLxHDAIK{IBIKMBKPBHKCD[M{\]IS
THGHK{IDFHBCDHGMBKIEK{IBYPFHAIGMEJKIEK|GPEKHDFCZHBMDFMK
PEH|HBKACEPMFMEKIPKHGPC|IEKCD[M{FHAIESKIwMJKIEK|GPEKYIAMBK
HFCDZCGKMBKYIP{IEKBCDPFIEKBCLxHGMEKAMK{IBYPFHAIGMEKMBKFIAIK
BPDAISKREEIKFPAIKZGH\HEKGKRDFMGDMFSKrKBFIAIKAMKYGIYHZH\]IK
BHCEK{IBPBKKIKPEIKAMKMVBHCLEJKIDAMKIK|GPEKPEHKPBKFMFIKPMK
FMDFHK{ID|MD{MGKIKCDFMGDHPFHKHK{LC{HGKDIKHGPC|IKMBKHDMISKK
DMEEMKHDMIKPMKEMKMD{IDFGHKIK|GPESKrEKBMCIEKAMK{ID|MD{CBMDFIK
E]IKBPCFIEKMK{IEFPBHBKEMGK~HEFHDFMK{GCHFC|IESKrKMVBHCLKMKHFKIK
{HBYIKHEEPDFIKAHKBMDEHZMBK{IEFPBHKFMGKFMFIEKPMKAMEYMGFHBK
HK{PGCIECAHAMKAIKCDFMGDHPFHSK PCFIEKMYLIGHBKHEEPDFIEKMGUFC{IEK
IPKH~IGAHBKPMEFMEKHFPHCESK@LZPDEK|GPEKYIAMBKHFKPEHGKPBK
GMBMFMDFMK[HLEIJK[HMDAIKIKAMEFCDHF}GCIKAIKMVBHCLKH{GMACFHGKPMKEMK
FGHFHKAMKPBHKBMDEHZMBK|MGAHAMCGHSK PCFIEKCDFMGDHPFHEK{IEFPBHBK
^E
ACZCFHCEKYIAMBKPEHGKHGFC[{CIEKCDACFIEKPMKD]IKYIPYHBKDMBKIK
PEP}GCIKBHCEKMYMGCMDFMS
rK{IBYPFHAIGKIPJKBMLxIGKACMDAIJKIKECEFMBHKIYMGH{CIDHLJK
YIGKECKEUJKD]IKFMBK{IBIKAMFM{FHGKHKMCEFD{CHKAMEFMKYGIZGHBCDxHSK
XLMKD]IKKGM[MGMD{CHAIKMBKDMDxPBHKYHGFMKAIEKEMPEKHGPC|IEJK
DCDZPBKEH~MKAMLMJKMKMLMKD]IK{IEFPBHKEMKBIEFGHGKHDFMEKAIKHFHPMK
[HFHLS
XBKLCDxHEKZMGHCEJKPBK|GPEK{IBYLMFIKMDFMDAHVEMKYIGK{IBYLMFIK
IK|GPEKPMKPEHKFIAHEKHEK[IGBHEKYIEE|MCEKAMK{IDFHBCDHGKMKEMK
I{PLFHGK{xMZHKHFKHKBMBUGCHKAIK{IBYPFHAIGKAMKAPHEK[IGBHES
@KYGCBMCGHKMKHKBHCEKECBYLMEKKHKEMZPCDFM,KMBKPHLPMGKACE{IK
FHDFIKACEPMFMKPHDFIKKMCEFMKPBKEMFIGKPMKKLCAIKYGCBMCGIK
YMLIKECEFMBHKIYMGH{CIDHLKPHDAIKIK{IBYPFHAIGKIKH{MEEHSKXEFMK
:
AM|MKHZCGSKrK|GPEKEMKHLIwHKMHFHBMDFMKDMEFMKEMFIGJKMKMEYMGHKPMKIK
{IBYPFHAIGKIKH{MEEMS
@KYHGFCGKAHKMLMKYHEEHKYHGHKHKBMBUGCHKAIK{IBYPFHAIGKMKMDFGHK
DHKEMZPDAHK[HEMKAHKCD[M{\]ISK HEKHDFMEKAMK[HLHGBIEKAHKEMZPDAHK
[HEMJK|HBIEKHDHLCEHGKIKEMZPDAIKBFIAIKAMKCD[M{\]I,KI

BMEBIKDMEEMKHGPC|ISK@{MEEHGKIKACE{IKIDAMKMEFMKHGPC|IKMEF}KD]IK

KYGM{CEIKMM{PFHGKIKHGPC|IK{IDFHBCDHAISKrK|GPEKEMKHDMHJK
+
[PD{CIDHBMDFIKAIKHGPC|IJKYICEKHEECBKIKPEP}GCIKD]IK|HCKYMG{M~MGK
DMDxPBHKHLFMGH\]IKMK|HCK{IDFCDPHGKPEHDAIKIKYGIZGHBHKCD[M{FHAIS
9
BMBUGCHKAIK{IBYPFHAIGJKMKCBMACHFHBMDFMKCD[M{FHKFIAIEKIEKACE{IEK
PMKMEF]IKLCZHAIEKHIK{IBYPFHAIGJK{ILI{HDAIKPBHK{UYCHKAMKECK
BMEBIKDIKFHLKEMFIGKPMKKLCAIKYGCBMCGIK{xHBHAIKEMFIGKAMK~IIFJK
MKPHDAIKIKACE{IK[IGKFGHDE[MGCAIKYHGHKIPFGIK{IBYPFHAIGJKMEFMKHIK
H{MEEHGKIKACE{IK{IDFHBCDHAIKLMDAIKIKEMFIGKAMK~IIFJKMM{PFHG}KIK
|GPEKMKIKHLI{HG}KDHKEPHKBMBUGCHJKIKPMKYIGKEPHK|MKCG}KCD[M{FHGK
FIAIEKIEKACE{IEKPFCLCHAIEKDMEFMK{IBYPFHAIGJKMKHEECBKIK|GPEK|HCK
EMKHLHEFGHDAIS
Ng

rEK|GPEKPMKEMKHDMHBKHKHGPC|IEKCD[M{FHBKFHB~BKFIAIEKIEK
HGPC|IEKPMKMEF]IKEMDAIKIPKMKEMG]IKMM{PFHAIESK@LZPDEKGEK|MMEK
^+
PMKYHEEHKHKI{PYHGKPBKMEYH\IK{IDECAMG}|MLKPMKKEMBYGMKBPCFIK
YGM{CIEIKMBKEMPKACE{ISKrPFGIEJKBHCEKCDFMLCZMDFMEJKEMKME{IDAMBK
MDFGMKIEKMEYH\IEKAIKYGIZGHBHKIGCZCDHLJKYHGHKD]IKAHGKHKBMDIGKYCEFHK
AMKEPHKMCEFD{CHS
OHAHK|GPEKYIEEPCKPBK{GCFGCIKYHGHK{IBM\HGKIKHFHPMK
YGIYGCHBMDFMKACFIJKIDAMKIEKHGPC|IEK{IBM\HBKHKEMGKHYHZHAIEJKIK
BC{GIK{IBM\HKHKFGH|HGJKAI{PBMDFIEKPMKD]IKE]IKEHL|IEKMK|}GCHEK
IPFGHEKFGHZACHESK@LZPDEKHYMDHEKBIEFGHBKBMDEHZMDEK{xHFHEJKIPFGIEK
BHCEKMLH~IGHAIEK[HMBKMEFGHZIEKBPCFIEKZGHDAMES
8/15
0614?
@KAMDIBCDH\]IKOH|HLIKAMKQGUCHKQGIwHDKIGEMK[ICKHFGC~PAHK
HIEKYGIZGHBHEKPMKYMGBCFMBKHKCD|HE]IKAMKPBK{IBYPFHAIGKHLxMCIK
{IBKMEYHDFIEHK[H{CLCAHAMSKMEEMK{HEIJKIKFMGBIKKHD}LIZIKHIK[HBIEIK
HGFM[HFIKBCLCFHGK[H~GC{HAIKYMLIEKZGMZIEKMEYHGFHDIESKBKHBCZIK
|CGFPHLKYGMEMDFMCHKIKIPFGIK{IBKPBKYGMEMDFMKAMKZGMZIJKPMKEMGCHK
PBKHYLC{HFC|IKPHLPMGSK PHDAIKIKLMCZIKIKMM{PFHJKIKYGIZGHBHKHFPHK
AMK[IGBHKAC[MGMDFMKAIKPMKMGHKMEYMGHAIS
@IK{IDFG}GCIKAIKPMKKMGGIDMHBMDFMKCD[IGBHAIKDHKBACHJKPMK
.9+
MKD]IKFMBKDMDxPBHK{IBYHGH\]IK{IBK|GPEKAMK{IBYPFHAIGJK
EMDAIKPMKEMPKI~wMFC|IKKFIFHLBMDFMKAC|MGEISKM|MVEMKLM|HGKMBK
{IDECAMGH\]IJKFHB~BJKPMKHKBHCIGCHKAIEKHDFC|GPEK[HKHKEPHK
++E.0F
+
{HYFPGHBKAHAIEKEMBKIK{IDxM{CBMDFIKAIKPEP}GCIS
rKOH|HLIKAMKQGUCHKKPBKYGIZGHBHKPMKEMKHLI{HK{IBIKPBKHGPC|IK
DIK{IBYPFHAIGKAHK|FCBHSKXLMKFMBKIKCDFPCFIKAMKGIP~HGKCD[IGBH\MEK
{IBIKYHEEtIGAEJKLIZCDEKMKPHCEPMGKAHAIEJKECZCLIEIEKIPKD]IJK
BHDFCAIEKDIKBC{GIKAHK|FCBHSK PHDAIKHKB}PCDHK{IDFHBCDHAHKYIGK
PBKQGIwHDK{IDM{FHGVEMKGKRDFMGDMFJKYIAMG}KFMGKFIAHEKHEKCD[IGBH\MEK
{IDFCAHEKDIKK|CEPHLCHAHEKMK{HYFPGHAHEKYIGKPBKCDFGPEIKPHLPMGSK
XEFHEK|CECFHEKE]IK[MCFHEKCBYMG{MYFC|MLBMDFMSKNUKPMBKw}KMEFM|MK
AMDFGIKAMKPBK{IBYPFHAIGKHLxMCIKEH~MKHEKYIEEC~CLCAHAMEKI[MGM{CAHES

rEKtIGBEK|MGBMEKYIAMBKEMGKCDFMGYGMFHAIEK{IBIKPBKFCYIKAMK
|GPEKBHCEKCDFMLCZMDFMKPMKIEKAMBHCESK@KYGCD{CYHLKAC[MGMD\HKMDFGMK
MLMEKMEF}KDHK[IGBHKAMKYGIYHZH\]I,KIEKtIGBEKYIAMBKEMKYGIYHZHGK
GHYCAHBMDFMKYHGHKIPFGIEK{IBYPFHAIGMEJKEMwHKYMLHKRDFMGDMFJKEMwHK
YIGKBMCIKAMKPBHKGMAMKLI{HLSKWMGHLBMDFMJKHK{IDFHBCDH\]IKI{IGGMK
AMKBHDMCGHKACE{GMFHKMKIKPEP}GCIKEUKDIFHKIKYGI~LMBHKPHDAIKIK
{IBYPFHAIGKHYGMEMDFHKHLZPBHKHDIGBHLCAHAMSKrKPMK[HKAMEFMEK
|GPEKCDFMLCZMDFMEKKHKZHBHKAMKYIEEC~CLCAHAMEKAMKYGIYHZH\]ISKrK
tIGBKYIAMK{HYFPGHGKMDAMGM\IEKAMKMVBHCLKMBKHGPC|IEKAIKPEP}GCIJK
PEHGKEMG|C\IEKAMKN QTKECEFMBHKAMKMD|CIKAMKMVBHCLEKYGUYGCIEKIPK
PHLPMGKIPFGIKBMCIKPMKYMGBCFHKHK{IDFHBCDH\]IKAMK{IBYPFHAIGMEK
DIGBHLBMDFMKBCLxHGMEKMBKYIP{IKFMBYIS


7&!30&1220
@YMEHGKAMKD]IKEMGMBKDM{MEEHGCHBMDFMK|GPEJKMEFMEKFGEK
DIBMEKFHB~BKGMYGMEMDFHBKYMGCZISKNYtHGMEKE]IKYGIZGHBHEKPMK
EF
CD[IGBH\MEKEI~GMKMLMESKTHGHK{IDFHBCDHGKPBK{IBYPFHAIGJKIEK
EYtHGMEKYIAMBK|CGKMB~PFCAIEKMBKEI[FtHGMEKAME{IDxM{CAIEKIPK
EMGMBK~HCHAIEKHPFIBHFC{HBMDFMKPHDAIKIKCDFMGDHPFHK|CECFHKECFMEK
AMK{IDFMAIKAP|CAIEIS
rEKMLIZZMGEKE]IKYMPMDIEKHYLC{HFC|IEKPMKYIAMBK|CGK
MB~PFCAIEKMBK|GPEJKEYtHGMEKIPKEI[FtHGMEKEPEYMCFIEJKAMEFCDHAIEK
HK{HYFPGHGKFPAIKIKPMKKACZCFHAIKDIKFM{LHAISKrKI~wMFC|IKYGCD{CYHLJK
DMEFMEK{HEIEJKK{HYFPGHGKEMDxHES
CwH{MGEK E]IK YGIZGHBHEK IPK E{GCYFEK PMK EMPMEFGHBK
DH|MZHAIGMEKAMKRDFMGDMFJKYGCD{CYHLBMDFMKIKRDFMGDMFKXYLIGMGSK
PHDAIKCEEIKI{IGGMJKIKxCwH{MGKHLFMGHKHKY}ZCDHKCDC{CHLKAIK~GItEMGK
MKCBYMAMKIKPEP}GCIKAMKBPA}VLHJKMC~MKYGIYHZHDAHEKMBKYIYVPYEKIPK
wHDMLHEKDI|HEJKCDEFHLHK~HGGHEKAMK[MGGHBMDFHEKDIKDH|MZHAIGKMKYIAMBK
CBYMACGKH{MEEIKHKAMFMGBCDHAIEKECFMEK{IBIKECFMEKAMKEI[FtHGMK
HDFC|GPEJKYIGKMMBYLIS

YGIZGHBHEKHDFCVEYtHGMESKTIGBJKHLZPBHEKAMEFHEKYGHZHEKE]IKF]IK
^
LHEJK{IBIKEMK[IEEMBK|GPESKIK{HEIKAMKxCwH{MGEJKBPCFHEK|MMEKK
DM{MEE}GCIKPEHGKPBHK[MGGHBMDFHKAMEMD|IL|CAHKMEYM{CHLBMDFMKYHGHK
0
DIKECEFMBHKIYMGH{CIDHLKAMKPBHK[IGBHKPMKDMBKHDFC|GPEKDMBKHDFCV
EYtHGMEK{IDEMZPMBKYMZHGS
39Iu
N]IK~IHFIEKMEYHLxHAIEKYIGKBMDEHZMDEKAMK{IGGMCIKMLMFGqDC{IJK
PMKEMG|MBKYHGHKHEEPEFHGKIKPEP}GCIKAMK{IBYPFHAIGSKBHKBMDEHZMBK
DIKMVBHCLKHLMGFHKYHGHKPBKDI|IK|GPEKFIFHLBMDFMKAMEFGPFC|IKPMK
MEF}K{CG{PLHDAIKDHKGMAMKMKPMKCD[M{FHG}KIKBC{GIKAIKAMEFCDHF}GCIK
MDPHDFIKHKBMDEHZMBKMEFC|MGKEMDAIKLCAHKIPKPHDAIKIKPEP}GCIK
{LC{HGKMBKAMFMGBCDHAHKFM{LHKIPKLCDSK PMBK{GCHKHKBMDEHZMBKxIHK
DIGBHLBMDFMK{IEFPBHKACMGKPMKHKCD[IGBH\]IKYHGFCPKAMKPBHK
Xa a

98
4 
CGMtHLLKKPBKYGIZGHBHKPMKBIDCFIGHKHEK{IDMMEK[MCFHEK
YMLIKEMPK{IBYPFHAIGKYHGHKZHGHDFCGKPMKDMDxPBKGM{PGEIKAIKEMPK
{IBYPFHAIGKMEFMwHKEMDAIKPEHAIKCDAM|CAHBMDFMSKN]IKFMCEKYHGHKHK
YGM|MD\]IKAMKtIGBEKMKFGIwHDES
0 8d(
c5
XCEFMKPBHK|HGCMAHAMKMDIGBMKAMKEI[FtHGMEKHDFC|GPEKDIK
BMG{HAISKRDAMYMDAMDFMKAMKPHLK|I{KPEHJKBHDFMDxHVIKEMBYGMK
HFPHLCHAISKREEIKYIGPMKEPGZMBK|GPEKDI|IEKFIAIEKIEKACHEKMKEMPK
HDFC|GPEKYGM{CEHKEH~MGKAHKMCEFD{CHKAMLMEKYHGHKYGIFMZMGKEMPK
ECEFMBHKIYMGH{CIDHLS
@KBHCIGCHKAIEKEI[FtHGMEKHDFC|GPEKYIEEPMBKEMG|C\IEKAMK
HFPHLCH\]IKHPFIB}FC{HSK@~HCIKx}KPBHKLCEFHK{IBKIEKHDFC|GPEKBHCEK
{IDxM{CAIE,
Nm

IGFIDK@DFCCGPEKVKNBHDFM{KVKtttSEBHDFM{S{IBS~GKVK
TIEEPCK|MGE]IKAMKFMEFMS
{@[MMKVK {@[MMKVKxFFY,MMtttSB{H[MMS{IBS~GKVKTIEEPCK
|MGE]IKAMKFMEFMS
@WKVKWGCEI[FKVKtttSZGCEI[FS{IBKVKTIEEPCK|MGE]IKYHZHKMKIPFGHK
ZGHFPCFHKYHGHKPEIKD]IK{IBMG{CHLK{IBKBMDIEK[PD{CIDHLCAHAMES
THDAHK@DFC|GPEKVKTHDAHKNI[FtHGMKVKtttSYHDAHEI[FtHGMS{IBS
~GKVKTIEEPCK|MGE]IKAMKFMEFMS
KCBYIGFHDFMK[GCEHGKPMKHKBHCIGCHKAMEFMEKAMEMD|IL|MAIGMEK
YIEEPMBK [MGGHBMDFHEK ZGHFPCFHEK AMEFCDHAHEK HK GMBI|MGK |GPEK
+
|GPEKYMGCZIEIEKIPK{IBKHLFIKZGHPKAMKYGIYHZH\]IS
/
1 42l1
@KBMLxIGKYILFC{HK{IBKGMLH\]IKGKYGIFM\]IKAIKEMPK{IBYPFHAIGK
{IDFGHK|GPEKKYIEEPCGKPBK~IBKEI[FtHGMKHDFC|GPEKIGCZCDHLKCDEFHLHAIK
MKHFPHLC}VLIK{IBK[GMPD{CHJKYICEKEPGZMBK|GPEKDI|IEKHK{HAHKACHSK
TIGFHDFIJKHKGMZGHK~}EC{HK{IBKGMLH\]IKHK|GPEKMKIPFGHEKCD[M{\MEK,K
HBHCEKMM{PFMKYGIZGHBHEKPMKD]IKFMDxHBKECAIKI~FCAIEKAMK[IDFMEK
+
^+
IGCMDFH\MEKMEEMD{CHCESKHBIEKHKHLZPBHEKGM{IBMDAH\MES
rEKYGI{MEEIEKBHCEK{IBPDEKAMKEMKGM{M~MGKHGPC|IEKE]IK{IBIK
HDMIEKAMKBMDEHZMDEKAMKMVBHCLJKHFGH|EKAMKYGIZGHBHEKAMKQTJK
IPKYIGKBMCIKAMKYGIZGHBHEKAMK{IBPDC{H\]IJK{IBIKIKRO JKIK
MF MMFCDZJKMF{S
IFMKPM,
]IKMCEFMBK|GPEKAMKMVBHCLSKrKPMKMCEFMBKE]IK|GPEK
ME{IDACAIEKMBKYGIZGHBHEKHDMHAIEKHIKMVBHCLSKI{KD]IKCD[M{FHK
EMPK{IBYPFHAIGKEUKAMKLMGKPBHKBMDEHZMBKAMK{IGGMCIKMLMFGqDC{IK
ME{GCFHKMBK[IGBHFIKFMFIKSFFSK HEKM|CFMKLMGKIK{IDFMAIKAMK
^+
AMK|GPESKNHL|MVIEKMBKPBKACGMFUGCIKMKYHEEMKPBKYGIZGHBHKHDFC|GPEK
HFPHLCHAISKNUKAMYICEKH~GHKIKHGPC|IS
OPCAHAIEKPMKEMKAM|MKFIBHGK{IBKBMDEHZMDEKAMK{IGGMCIK
MLMFGqDC{IKKOIBIKw}K[ICK[HLHAIJKECBYLMEBMDFMKLMGKHKBMDEHZMBK
D]IK{HPEHKPHLPMGKYGI~LMBHSKIKMDFHDFIJKEMKHKBMDEHZMBK{IDFBK
HDMIEKIPKHFFH{xBMDFEJKMBKRDZLEJKKYGM{CEIK{PCAHAISKrKHDMIK
YIAMKEMGKPBKHGPC|IKMM{PF}|MLKYGIZGHBHKMJKYIGFHDFIJKYIAMK
MEFHGK{IDFHBCDHAISK@KD]IKEMGKPMK|I{KFMDxHK{MGFMHKH~EILPFHKAHK
CDFMZGCAHAMKAIKHGPC|IJKKBMLxIGKEMGKYGM{H|CAIKMKEPEYMCFHGSK]IK
H~GHKIKHGPC|IKEMBKHDFMEKYHEE}VLIKYIGKPBHKHD}LCEMKAIKHDFC|GPEK
HFPHLCHAI
HEKEMKIKHDMIKD]IK[IGKPBKYGIZGHBHJK[IGKPBKHGPC|IKHYMDHEK
AMKFMFIJKKYIEE|MLKGMLHHGKIEK{PCAHAIEv
]ISKRD[MLCBMDFMJKIEK{GCHAIGMEKAMK|GPEKE]IKBPCFIKHFC|IEJKMK
MCEFMBKxIwMJKACEEMBCDHDAIVEMKGHYCAHBMDFMJK|GPEKPMK{IDFHBCDHBK
HGPC|IEKAIK NKs IGAKIPKAIK NKX{MLSKN]IKIEK{xHBHAIEK|GPEK
AMKBH{GIJKPMKCD[M{FHBKIEKBH{GIEKMM{PF}|MCEKAMEFMEKHGPC|IESK
++
KYIEE|MLK{LC{HGKDIKCDAC{HAIGKAMKHDMIKYHGHK|MGKAIKPMKEMK
FGHFHvKXK{IBIK[HMGKMBKEMZPCAHv
@YMDHEK{LC{HGKDIKCDAC{HAIGKPMKDIK NKrPFLIIKXYGMEEK
KPBHKCBHZMBKAMKPBK{LCYJKECBSK HEK{PCAHAIKYHGHKD]IKAHGKPBK
{LCPMKAPYLIJKIPK{LC{HGKDIKDIBMKAIKHGPC|IJKYICEKEMKIKHDMIK[IGKPBK
YGIZGHBHJKEMG}KMM{PFHAISKH\HKHEECB,
VK@~GHKHKwHDMLHKAHKBMDEHZMBKMBKPMKIKHDMIKHYHGM{MK{IBIK
PBK{IDMKDIKGIAHY


vVKNHL|MKIKHDMIKMBKPBKACGMFUGCIKGKEPHKME{ILxHJKIKPMKYIAMK
EMGK[MCFIKAMKAICEKBIAIE,
HK{LC{HGKIKHDMIK{IBKIK~IF]IKACGMCFIKAIKBIPEMKMKMBKEMZPCAHK
{LC{HGKMBKNHL|HGK{IBISSS
~KEMPD{CHKAMK{IBHDAIE,K@GPC|IKMKNHL|HGKHDMIESSS
VKTHEEMKPBKHDFC|GPEKHFPHLCHAIKDIKHDMIKEHL|IKYHGHKEMK
+
CE{IEKAIEKAItDLIHAEVKNCBYLMEBMDFMK~HCHGKIKYGIZGHBHK
YHGHKIKEMPK{IBYPFHAIGKD]IK{HPEHKCD[M{\]IJKEMwHKYIGKQTJKRO JKIPKIK
PMK[IGSK HEKAMKBIAIKHLZPBKMM{PFMKIKYGIZGHBHKAMKPHLPMGKFCYIJK
wIZPCDxIEJKPFCLCF}GCIEJKYGIFMFIGMEKAMKFMLHJKMF{SKEMBKHDFMEKEP~BMFVLIK
HKPBK~IBKHDFC|GPES
rKPMKH{IDFM{MKEMKI{IGGMGKPBHKCD[M{\]Iv
1
{IDM{FHAIKGKRDFMGDMFSKXLHEKYIAMG]IKCD|HACGKEMPK{IBYPFHAIGKMK
GMHLCHGKHFC|CAHAMEKDI{C|HEKAMEAMKHYMDHEKLMGKEMPEKHGPC|IEJKHFK
{HPEHGKAHDIEK{IBIKHYHZHGKHGPC|IEJKMKHFKBMEBIKGIP~HGKEPHEK
EMDxHEJK{HPEHDAIKFIAIKIKFCYIKAMKYGMwPIES
1 16 7601?7<70Q
XBKYGCBMCGIKLPZHGJK|ILFMBIEKHKMD[HFCHGKHKHFCFPAMK~}EC{HKAMK
M|CFHGKMM{PFHGKYGIZGHBHEKAME{IDxM{CAIEKIPKAMKIGCZMBKAP|CAIEHSK
TIGFHDFIJKBHCEKPBHK|MJKHBHCEKMM{PFMKYGIZGHBHEKPMKD]IKFMDxHBK

@LBKACEFIJKx}KHKPMEF]IKAHEKEMDxHESKNMKIKEMPKBC{GIKMEFC|MGK
CD[M{FHAIKIPFGHEKYMEEIHEKYIAMGCHBKH{MEEHGKHEKEPHEKEMDxHESKXKFGI{HV
++
MDFGHGKDIKEMPKBC{GIKIPFGHK|MKMKGIP~HVLHKDI|HBMDFMSKTIGFHDFIJK
{IBIKBMACAHKMFGMBHKAMKYGM|MD\]IJKIKBMLxIGKBMEBIKKSrK
XR@K@NKNX@NKrKOr TQ@rSKREFIKPMGKACMGK
PMK|I{KD]IKAM|MKPEHGJKIPKAM|MKAMEH~CLCFHGJKEMKw}KPEHJKIEKGM{PGEIEK
AIKFCYIKLMB~GHGKEMDxHSKXLMEKZGH|HBKEPHKEMDxHKYHGHKM|CFHGKHK
DM{MEECAHAMKAMKACZCF}VLHKDI|HBMDFMSKNUKPMJKEMKHKEPHKEMDxHKMEF}K
ZGH|HAHKDIKEMPK{IBYPFHAIGJKMLHKYIAMKEMGKLCAHKYIGKPBKCD|HEIGSK

EMDxHKHK{HAHK|MKPMK[HKPBHK{IDM]ISK@~GHKB]IKAIK{ID[IGFIKMBK
[H|IGKAHKEPHKEMZPGHD\HS
bTc/
XCEFMBKBPCFHEKBHDMCGHEKAMKYMGAMGKCD[IGBH\MEKMBKPBK
{IBYPFHAIGKCD|ILPDFHGCHBMDFMSKBHK{GCHD\HKPEHDAIKIKFM{LHAIK
{IBIKEMK[IEEMKPBKYCHDIJKPBHKPMAHKAMKMDMGZCHJKPBKGMLBYHZIJK
CDPDAH\MESKXKHLZPBHEK|MMEKIKMPCYHBMDFIKECBYLMEBMDFMK[HLxHSK
XBKBIAIEKZMGHCEKIK~H{PYKKPBHKFHGM[HKMEEMD{CHLKYHGHKFIAIEKIEK
PMKPEHBK{IBYPFHAIGMEKMKMKIPKIPFGIEKACEYIECFC|IEJKFHCEK{IBIK
a 
rKFMGBIK~H{PYKFHB~BKYIAMKEMGKPFCLCHAIKYHGHKxHGAtHGMK

YDMPKEI{IGGIKAIK|M{PLIKYIAMKEMGKPBHKCBYGMEEIGHJK{YPKIPKBIDCFIGK
MF{SSKPMKEMG|CG}KYHGHKEP~EFCFPCGKFMBYIGHGCHBMDFMKPBKAMEEMEK
MPCYHBMDFIEKPMKMEFMwHBK{IBKYGI~LMBHES
@FPHLBMDFMKIEKBHCEK{IDxM{CAIEKBMCIEKAMK~H{PYEKE]I,KOV
Ka 1K3
HKYG}FC{HKMCEFMBKCDBMGIEKEI[FtHGMEKYHGHK{GCH\]IKAMK~H{PYEK
MKHKYIEFMGCIGKGMYIEC\]ISKOIBIKYIGKMMBYLIKIKIGFIDKWxIEFKAHK
NBHDFM{S
\r

NMK|I{K{IEFPBHK[HMGK{UYCHEKAMK~H{PYKAIEKEMPEKHGPC|IEK
GMZPLHGBMDFMKMKIEKBHDFBKMBKPBKLI{HLKEMYHGHAIJK|I{KYIAMKI~FMGK
PBHKYHGFMKIPKHFKFIAHEKHEKCD[IGBH\MEKAMK|ILFHK{HEIKHLZIKH{IDFM\HK
HIEKIGCZCDHCEKDIK{IBYPFHAIGS
@KAM{CE]IKEI~GMKPHCEKHGPC|IEKCD{LPCGKDIK~H{PYKKBPCFIK
YMEEIHLSKQPAIKHPCLIKPMKD]IKYIAMKEMGKEP~EFCFPAIK[H{CLBMDFMKAM|MK
MEFHGKDIKFIYIKAHKEPHKLCEFHSK@DFMEKAMK{IBM\HGJK[H\HKPBHKLCEFHKAMK
+
IKHwPAHG}KHKAMFMGBCDHGKIKPMKYGM{CEHKAMK~H{PYJKHLBKAMKEMG|CGKAMK
LCEFHKAMKGM[MGD{CHKYHGHKGM{PYMGHGKPBKHGPC|IKAMK~H{PYS
XCEKHLZPBHEKEPZMEFMEKYHGHKHwPA}VLIKHK{IBM\HG,
W
WZ
W:
W0
W:^
W:a
W:3
rKAMFHLxMKBHCEKCBYIGFHDFMKHDFMEKAMK[HMGKPBK~H{PYKK
[IGBHFHGKIKACEYIECFC|ISKREEIKYIAMKEMGK[MCFIK{LC{HDAIK{IBKIK~IF]IK
ACGMCFIKAIKBIPEMKEI~GMKIK{IDMKAIKACEYIECFC|IJKAMDFGIKAIK{IDMK
MPKOIBYPFHAIGKMKEMLM{CIDHGKHKIY\]IK[IGBHFHGS
+
+
BIEFGHG}KYHGHK|I{KEMKIKACEPMFMKFMBKHLZPBKAHDISKNMBYGMKPMKPBK
ACEPMFMKFC|MGKYGI~LMBHEJKD]IK{IYCMKHGPC|IEKAMK~H{PYEKYHGHKMLMS
MBJKHZIGHKPMK|I{Kw}KEH~MK[HMGK{UYCHEKAMKEMZPGHD\HJK
{IDxM\HKIEKAICEKMGGIEKBHCEK~HDHCEKPMK|I{KYIAMK{IBMFMGKMKFIGDHGK
IKEMPK~H{PYKCDFCL,
VKHMGKPBHK{UYCHKAIKHGPC|IKDIKBMEBIKACE{ISKREEIKD]IK
K~H{PYJKYICEKEMKH{IDFM{MGKHLZPBKYGI~LMBHKDIKACE{IK|I{K|HCK
YMGAMGKIEKAICEKHGPC|IES
vVKHMGKPBHK{UYCHKMKHYHZHGKIKIGCZCDHLSKREEIKFHB~BKD]IKK
~H{PYJKYIGKBIFC|IEKU~|CIES
TGI{PGMKPFCLCHGKHGPC|IEK{IBYH{FHAIEKHYMDHEK{IBIK~H{PYEK
EM{PDA}GCIEJK{IBIKCBHZMDEKPMKZMGHLBMDFMKI{PYHBKPBKMEYH\IK
BPCFIKZGHDAMS
1=49:160><=166:76< 67=616
<=:16]37364046< 6
7=616=?=1694C79:16b4U<
W+EF
W3EFE 
XYLIGMGS
W 3
MEPMGAIKE]IKMC~CAHEKHEKYHEFHEKACGMFUGCIEKMKAIKLHAIKACGMCFIKIK
{IDFMAIKAHEKYHEFHE
W
HKYHEFHKAMEMwHAHKDIKLHAIKMEPMGAIJKMKMLMKEMG}KMC~CAIKAIKLHAIK
ACGMCFIS
W
AMKIPFGHKYHEFHK{LCPMKAPHEK|MMEKEI~GMKHKYHEFHKAMEMwHAHKAIKLHAIK
ACGMCFIKAIKs CDAItEKXYLIGMG
W0
{IYCHGKDIKLHAIKACGMCFIKAIKs CDAItEKXYLIGMGJKEMLM{CIDMVIEK

W+
OIYCHG


W
MEPMGAIKAIKs CDAItEKXYLIGMG
W+
AIKLHAIKACGMCFIJKMKME{ILxHKOILHG
5757=1949:16d0=1660><=16
W9
IKYGCBMCGIKEMZPGMKHKFM{LHKOFGLKMK{LCPMKDIEKIPFGIEKHGPC|IEKIPK
YHEFHEKAMEMwHAHESKQIAIEKIEKHGPC|IEKIPKYHEFHEKEMLM{CIDHAIEK
+
94C79:16b4U<6:1667<61<?511U

AM|MBKEMGK~M{HYMHAIEKMBKOESK@KBHCIGCHKAIEK{IBYPFHAIGMEK
HFPHCEKCD{LPCKPBHKPDCAHAMKYHGHKZGH|HGKMBKOVs SKrKOVr KK
HK[IGBHKBHCEKEMZPGHKAMK[HMGKZGHDAMEK~H{PYESKOHAHKOKHGBHMDHK
HFKuyyK ~KMJKYIGKEMGKPBHKBACHKUFC{HJKIDAMKIEKAHAIEKE]IKZGH|HAIEK

EPwMCFHEKHKCDFMG[MGD{CHEKMLFGC{HES

@K{HYH{CAHAMKAMKHGBHMDHBMDFIKKBPCFIKBHCIGJKDIGBHLBMDFMK
MDFGMKLKMKKZC~H~FMES
56

QIAIEKEH~MBKAIKGCE{IKPMKKD]IKFMGBIEK~H{PYKAIEKDIEEIEK
AHAIEJKMKAMDFGMKMLMEKEMKCD{LPCKHEKCD[IGBH\MEKPMKZPHGAHBIEKDIK
rQrrS
}KCBHZCDIPKFMGKPMKMDFGHGK{IBKFIAIEKIEK{IDFHFIEKDI|HBMDFMvK
XKEMPEK{IBYGIBCEEIEKDIK{HLMDA}GCIvKTCIGJK{IBIKKPMK|HCKGM{PYMGHGK
HEKBMDEHZMDEKAMKMVBHCLKPMK|I{KFCDxHKZPHGAHAIv
OIBIK[HMGKIK~H{PYKAHEKCD[IGBH\MEKAIKrPFLIIJKD]IK
KPBHKHFC|CAHAMKBPCFIKECBYLMEKYMLIKBMDIEKD]IKx}KDMLMKDHAHK
HPFIBHFCHAIJKLCEFHBIEKHPCKHLZPBHEKBHDMCGHEKAMKMM{PFHGKMEFMK
~H{PYKMKEMKZHGHDFCGK{IDFGHKPHLPMGKYGI~LMBHKXMBYLIKYHGHK
rPFLIIS
KVKOIYCMKFIAHEKHEKBMDEHZMDEKYHGHKPBHKYHEFHKEMYHGHAHK{IBK
CEEIK|I{KFMG}K[MCFIKIK~H{PYKAHEKBMDEHZMDE
vKVK}KMBKMGGHBMDFHEKVKOIDFHEKL}KEMLM{CIDMKFIAHEKHEK{IDFHEK
PMKAMEMwHKEHL|HGKMKEMLM{CIDMKXYIGFHGSKOHAHK{IDFHKEMG}KEHL|HK{IBK
HKMFMDE]IKR@KDHKYHEFHKPMK|I{KPCEMGS
KVKTHGHKMYIGFHGKFIAIEKIEKEMPEK{IDFHFIEJKH~GHKIKEMPK{HF}LIZIKAMK
MDAMGM\IEKAIKEMPKrPFLIIJKMDF]IK{LCPMKMBK@GPC|IKVKXYIGFHGKVK
OHF}LIZIKAMKMDAMGM\IEKs @SKOIBKMEEMKYGI{MACBMDFIKFIAIEKIEK
EMPEK{IDFHFIEKEMG]IKHGBHMDHAIEKDPBKHGPC|IKAMKMFMDE]IKs @K
{IBKIKDIBMKPMK|I{KPCEMGKMKDHKYHEFHKPMK|I{KPCEMGS
LKVKTHGHKHEKHEECDHFPGHEKKECBYLMEJK~HEFHK{IYCHGKIK{IDFMAIK
AMK{HAHKHEECDHFPGHKPMK|I{KPFCLCHKMBKHGPC|IEKAMKFMFIKQQK
EMYHGHAIESKMYICEK|I{KYIAMG}KPFCLCHGKHEKEPHEKHEECDHFPGHEKHKYHGFCGK
AIEKHGPC|IEKPMK{GCIPS
^Z^
@EECEFMDFMKAMKMZGHEKVKOLC{HGKMBKrT`"XNKVKOLC{HGKMBKXYIGFHGK
MZGHESKNMG}KEHL|IKPBKHGPC|IK{IBKHKMFMDE]IKs SKHMGKFIAIEK
MEEMEKYGI{MACBMDFIEKKBHCEKFGH~HLxIEIJKYIGBKBPCFIKBHCEKEMZPGIS
+
AIKrPFLIIS
 48156 785/10(d4856 /
6 bTc/56 4 6

 /40 40 164n 4
01
XDFMDAMVEMKYIGKHGBHMDHBMDFIKMFMGDIKPHLPMGKBM{HDCEBIK
PMKD]IKEMKMD{IDFGMKAMDFGIKAIKEMPKTOSKXCEFMBK|}GCHEKIY\MEJK
MKHYGMEMDFHBIEKPBHKFH~MLHK{IBKIEKBHCEK{IBPDEJK|HDFHZMDEKMK
AME|HDFHZMDE,
0
KPBKOKMBKPMKYIAMKZPHGAHGMZGH|HGKEPHEKCD[IGBH\MESK
@GPC|IEKGMHLBMDFMKYGM{CIEIEKPMKYGM{CEHBKEMGKZPHGAHAIEK{IBK
yyR KAMK{MGFMHKAMKPMKD]IKEI[GMG]IKAHDIEK{IBKIKYHEEHGKAIKFMBYIK
\

N]IKACEYIECFC|IEK~HEFHDFMKYMPMDIEKPMKEMK{IDM{FHBKHKPBHK
YIGFHKNKAIKEMPKMPCYHBMDFIS
N]IKBPCFIKYIGF}FMCEJK[GMPMDFMBMDFMKE]IKAIKFCYIK{xH|MCGIJK
CAMHCEKYHGHK~H{PYEKG}YCAIEKMKYHGHKBI|MGKHGPC|IEKMDFGMKB}PCDHES
I{KAM|MKME{ILxMGKPBKBIAMLIKPMKD]IKEMwHKBPCFIK[G}ZCLS
5
rKKMFMGDIK[PD{CIDHK{IBIKPBKYMGC[GC{IJK{IBIKEMK[IEEMK
9
b4U<66<?=5=C49:1616 =9:16
HMGK~H{PYEKAMKEPHKCD[IGBH\]IKD]IKFMBKPMKEMGKPBKFGH~HLxIK
{IBYLC{HAISKI{KYIAMKECBYLMEBMDFMKGM{IGGMGKHIKBFIAIKOIYCHGK
MKOILHGJKIPKEMwHJKHYGI|MCFHGKHEK[MGGHBMDFHEKAMYMDAMDAIKAHK|MGE]IK
AIKNCEFMBHKrYMGH{CIDHLKs CDAItEJKCDPJKMF{SKPMK|I{KPFCLCHS
OUYCHEK HDPHCE
I{KYIAMK[HMGK~H{PYEKAHKEPHKCD[IGBH\]IK{IBKMEFMEKYHEEIEK
ECBYLME,
SKOLCPMK{IBKIK~IF]IKACGMCFIKEI~GMKIKHGPC|IKIPKYHEFHKAMK
PMKEMwHK[HMGK~H{PYKMKAMYICEK{LCPMKDHKIY\]IKOIYCHGKDIKBMDPK
MC~CAISKvSK@ZIGHKBHGPMKHKPDCAHAMKAMK~H{PYJK{LCPMK{IBKIK
~IF]IKACGMCFIKEI~GMKMLHKMKME{ILxHKOILHGKDIKBMDPKMC~CAISKI{K
YIAMKBHG{HGKHKPDCAHAMKAMK~H{PYKHIKLI{HLC}VLHKDIK{IDMK MPK
OIBYPFHAIGJKIPKEMwHJK{IBIKPBHKAHEKPDCAHAMEKAIKs CDAItEK
XYLIGMGS
Y+

YGIFMZCAIS
c?=5=C49:16 46 27004 79?46 =95<646 916  =9:166 n/6
/012766=19453
NMK|I{KFGH~HLxHK{IBKIKs CDAItEKTKTGI[MEECIDHLJK|I{K
ACEYMKAMKPBHK[MGGHBMDFHKBPCFIKFCLKPMKEMKMD{HGGMZHKAMK[HMGKIEK
~H{PYEKPMK|I{KBHG{HGSKNCZHKMEFMEKYHEEIEKYHGHKPFCLC}VLH,
SKOLCPMKMBKRDC{CHGKMKAMYICEKMBKQIAIEKIEKTGIZGHBHESKvSK
MDFGIKAMK@{MEEUGCIEJKHYIDFMKYHGHKMGGHBMDFHEKAMKNCEFMBHSKSK
XE{ILxHKHKIY\]IKH{PYS
NMK[IGKHKYGCBMCGHK|MKPMK|I{KPFCLCHKMEEHK[MGGHBMDFHJK
HYHGM{MG}KIK@EECEFMDFMKAMK~H{PYKIPKGMEFHPGH\]ISKOLCPMKMBK
@|HD\HGKMKECZHKHEKCDEFGP\MEKDHKFMLHSKNMK|I{KAMEMwHKPBKZPCHKYHEEIK


HKYHEEIKAMK{IBIKPEHGKMEEHK[MGGHBMDFHJKYIAMKI~FVLIKMBKH{PYKAIK
s CDAItEKTKH{CLCFHAIKMBKCDZLES
NPZMEF]I,KNMK|I{KD]IKEH~MKPHLK|MGE]IKAMKECEFMBHKIYMGH{CIDHLK
PFCLCHJKAKPBK{LCPMK{IBKIK~IF]IKACGMCFIKEI~GMKIK{IDMK MPK
OIBYPFHAIGKMKME{ILxHKTGIYGCMAHAMESKMDFGIKAHKZPCHKNCEFMBHK
|I{KMD{IDFGHG}KHK|MGE]IKAIKEMPKECEFMBHKIYMGH{CIDHLS
/4046<?=5=C4064627004 79?46:76B4U<66916 =9:166n/6
]1 764:=?=19
NMKEMPKTOKFMBKIKs CDAItEKTKIBMKXACFCIDJK|I{KYGM{CEHK
HAC{CIDHGKHK[MGGHBMDFHKAMK~H{PYEKPMK|MBKDIKEMPKOKIGCZCDHLK
EMZPCDAIKMEFMEKYHEEIE,
SKRDECGHKIKOKAIKs CDAItEKTKIPKIKPMK|MCIK{IBKEMPK
MPCYHBMDFIKEMKMLMK[ICKYGV{HGGMZHAIKDHKPDCAHAMKAMKOSKNMKHKFMLHK
AMKHYGMEMDFH\]IKD]IKHYHGM{MGJKAKPBK{LCPMKAPYLIKEI~GMKIK{IDMKAHK
PDCAHAMKAMKOKAMDFGIKAMK MPKOIBYPFHAIGS
vSKHKFMLHKAMKHYGMEMDFH\]IJKME{ILxHKHKIY\]IKXM{PFHGKFHGM[HEK
HAC{CIDHCES
SKOLCPMKMBKXYLIGHGKMEFMKOS
LSKrKs CDAItEKXYLIGMGKEMKH~GCG}SKI{HLCMKHKYHEFHKHLPM@AAK
MKAKPBK{LCPMKAPYLIKEI~GMKMLHJKAMYICEKMBK E[FKMKAMYICEKMBK
FH{PYS
SK@ZIGHJKAKPBK{LCPMKAPYLIKEI~GMKIKHGPC|IKFH{PYSBECK
YHGHKCDEFHLHGKHK[MGGHBMDFHKAMK~H{PYS
IFH,K@IKFMGBCDHGKHKCDEFHLH\]IJKKYGI|}|MLKPMKEMwHKEILC{CFHAIK
PMK|I{KGMCDC{CMKEMPKMPCYHBMDFIS
THGHKPFCLCHGKHK[MGGHBMDFHJKECZHKMEFMEKYHEEIE,
SKOLCPMKMBKRDC{CHGKMKAMYICEKMBKQIAIEKIEKTGIZGHBHES
vSKMDFGIKAMK@{MEEUGCIEJKHYIDFMKYHGHKMGGHBMDFHEKAMK
NCEFMBHS
SKXE{ILxHKHKIY\]IK~H{PYS
NMK[IGKHKYGCBMCGHK|MKPMK|I{KPFCLCHKMEEHK[MGGHBMDFHJK
HYHGM{MG}KIK@EECEFMDFMKAMK~H{PYKIPKGMEFHPGH\]ISKOLCPMKMBK
@|HD\HGKMKECZHKHEKCDEFGP\MEKDHKFMLHSKNMK|I{KAMEMwHKPBKZPCHKYHEEIK
HKYHEEIKAMK{IBIKPEHGKMEEHK[MGGHBMDFHJKYIAMKI~FVLIKMBKH{PYKAIK
s CDAItEKTKH{CLCFHAIKMBKCDZLES
NPZMEF]I,KNMK|I{KD]IKEH~MKPHLK|MGE]IKAMKECEFMBHKIYMGH{CIDHLK
PFCLCHJKAKPBK{LCPMK{IBKIK~IF]IKACGMCFIKEI~GMKIK{IDMK MPK
OIBYPFHAIGKMKME{ILxHKTGIYGCMAHAMESKMDFGIKAHKZPCHKNCEFMBHK
|I{KMD{IDFGHG}KHK|MGE]IKAIKEMPKECEFMBHKIYMGH{CIDHLS

71 79:4766404601?7<70667<66B4U<6
HMGK~H{PYEKKPBHKM{MLMDFMKYG}FC{HKAMKEMZPGHD\HK~}EC{HSK
@ZIGHKLxMKAHBIEK{IDEMLxIEKECBYLMEKYHGHKPMK|I{KMEFMwHKHKEHL|IK
DIKACHKMBKPMKYGM{CEHGKAMLME,
SKQMDxHKEMPEK~H{PYEK[IGHKAIKTOJKMBKIPFGIKME{GCFUGCIJKMJKEMK
[IGKYIEE|MLJKMBKHLZPBKGM{CYCMDFMKGKYGI|HKAMKCD{DACIEJK{IBIKIEK
{I[GMEKIDAMK|I{KZPHGAHKEMPEKAI{PBMDFIEKMK|HLIGMEKCBYIGFHDFMES
vSKH\HKBHCEKAMKPBHK{UYCHKAHKEPHKCD[IGBH\]IKMKHEKBHDFMDxHK
MBKLPZHGMEKEMYHGHAIES
SKXEFH~MLM\HKPBHKCAHAMKB}CBHKYHGHKEMPEK~H{PYEJKKBMLxIGK
{IBYGCBCGKIEKHGPC|IEKPMKw}KEMwHBKBPCFIKHDFCZIEKPHEMKFIAIEK
IEKYGIZGHBHEKAMK~H{PYK{IDFHBK{IBKMEEHKIY\]IJKHEECBK|I{KD]IK
AMEYMGAC\HKMEYH\IKFCLS
LSKTGIFMwHKEMPEK~H{PYEK{IBKPBHKEMDxHJKAMKBHDMCGHKPMKEPHK
+
YIEEHKH{MEE}VLHSKNMKEPHKCD[IGBH\]IKKCBYIGFHDFMKYHGHKEMPEKMDFMEK
PMGCAIEJKCBYLMBMDFMKHLZPBHK[IGBHKYHGHKPMKMLMEKYIEEHBKEH~MGKHK
EMDxHKEMK|I{KD]IKMEFC|MGKYGMEMDFMS
\

;<76?7661 79?4:46
VKOIBKGMLH\]IKHIKECEFMBHKIYMGH{CIDHLKs CDAItEJKHEECDHLMKHK
IY\]IK{IGGMFHS
@K@KAMECDEFHLH\]IKAMKPBKHYLC{HFC|IKDIKs CDAItEKAM|MKEMGK
[MCFHKHKYHGFCGKAMKIY\]IKMPC|HLMDFMKAIKTHCDMLKAMKOIDFGILMJKAMK
BIAIKHKZHGHDFCGKHK{IGGMFHKGMBI\]IKAIEKHGPC|IEKGMLH{CIDHAIEKHIK
HYLC{HFC|IJKEMBKYGMwPIKHIKECEFMBHKIYMGH{CIDHLS
KrKH{CIDHBMDFIKECBPLFDMIKAHEKFM{LHEKOQJK@QKMK
XXQXK{IDEFCFPCK[MGGHBMDFHKYIAMGIEHKAMKH{MEEIKACGMFIKHIEK
ACGMFUGCIEKAMKYGIZGHBHEKCDEFHLHAIEKDHKB}PCDHKMBKPEIS
OKrKs CDAItEKI[MGM{MKH{MEEIK[H{CLCFHAIKHKPEP}GCIEKAMKPBK
{IBYPFHAIGJKYICEK~HEFHBKIKDIBMKAIKPEP}GCIKMKHKEMDxHKAHKB}PCDHK
YHGHKEMKFMGKH{MEEIKGEK{IDFHEKAIEKAMBHCEKPEP}GCIEKYIEEC|MLBMDFMK
{HAHEFGHAIEKDMEEHKB}PCDHS
KrKs CDAItEKI[MGM{MKPBK{IDwPDFIKAMKH{MEEUGCIEKACEYID|MCEK
+
~LI{IKAMKDIFHEJKs IGATHAKMKTHCDFS
XKrK{IBHDAIKHMGKIZI[[JKACEYID|MLKHKYHGFCGKAIK~IF]IK
RDC{CHGKAIKs CDAItEJKI[MGM{MKHKIY\]IKAMKEMKMD{MGGHGKIKs CDAItEJK
AHGKEHAHKDIKPEP}GCIK{IGGMDFMBMDFMKMBKPEIKDHKB}PCDHKMJKMBK
EMZPCAHJKAMELCZHGKIK{IBYPFHAIGS
OIBMDF}GCIE,KTHGHKAMECDEFHLHGKPBKYGIZGHBHKAMK[IGBHKEMZPGHK
AM|MVEMKH{MEEHGKTHCDMLKAMKOIDFGILMKMK@AC{CIDHGKIPKGMBI|MGK
YGIZGHBHE
MEYIEFHKKMFGHK@
vVK IEK ECEFMBHEK IYMGH{CIDHCEK {IBIK IK s CDAItEJK HEK
CD[IGBH\MEKMEF]IK{IDFCAHEKMBKHGPC|IEKAMK|}GCIEK[IGBHFIEJKPMK
+
GMBI||MCEKAIK{IBYPFHAIGJKIGZHDCHAIEKMB,K
@KFMLHES
KYHEFHES
OKwHDMLHES
KCBHZMDES
XKYGIZGHBHES
OIBMDF}GCIE,KrKs CDAItEKXYLIGMGJKBIEFGHKAMK[IGBHK~MBK
{LHGHKHKIGZHDCH\]IKYIGKBMCIKAMKT@NQ@NJKPMKDHAHKBHCEKE]IK
AIKPMK{IBYHGFCBMDFIEKPMKHwPAHBKHKIGZHDCHGKIEKHGPC|IEKMBK

ZH|MFHES
MEYIEFH,KMFGHK
VKBKCFMBKEMLM{CIDHAIKAIKs CDAItEKTKYIAMKEMGKM{LPAIK
YMGBHDMDFMBMDFMJKEMBK{ILI{}VIKDHKCMCGHJKYGMEECIDHDAIVEMK
ECBPLFHDMHBMDFMKHEKFM{LHE
@KOFGLKjKMLMFMS
KNxC[FKjKXDAS
OKNxC[FKjKMLMFMS
KOFGLKjKXDAS
XKOFGLKjKS
OIBMDF}GCI,K PHDAIKAMEMwHBIEKM{LPCGKYMGBHDMDFMBMDFMKPBK
HGPC|IKIPKYHEFHKDIKs CDAItEKEMBKMD|CHGKHDFMEKYHGHKHKLCMCGHJK~HEFHK
YGMEECIDHGBIEKHKFM{LHKNxC[FKMBK{IDwPDFIK{IBKHKFM{LHKMLMFMSKrK
s CDAItEKMC~CG}KPBHKBMDEHZMBKAIKFCYIKI{KFMBK{MGFMHKPMK
AMEMwHKM{LPCGKYMGBHDMDFMBMDFMKMEFMKHGPC|IvKHIKCD|EKAMKI{K
FMBK{MGFMHKPMKAMEMwHKMD|CHGKMEFMKHGPC|IKYHGHKHKLCMCGHvS
MEYIEFH,KO


LVK PHLKHKF{DC{HKPMKYMGBCFMKGMAPCGKIKFHBHDxIKAMKHGPC|IEJK
EMBKPMKxHwHKYMGAHKAMKCD[IGBH\]IvK
@KOIBYH{FH\]IK
KMLM\]IK

K CDCBCH\]I
XKXD{ILxCBMDFIKHAHYFHFC|IK
OIBMDF}GCIE,K@K{IBYH{FH\]IKAMKHGPC|IEKKPBHKF{DC{HK
HBYLHBMDFMKPFCLCHAHSK@ LZPDEKHGPC|IEK{IBYH{FHAIEKYIAMBK{IDFMGK
MFMDEMEKRTJKQ@JKWJK@KMKHLZPDEKMMBYLIEKAMKYGIZGHBHEK
{IBYH{FHAIGMEKE]IKIKs CDCYJKs CDHGJKNILPECYJKMF{S
MEYIEFH,K@
^a :^3/

K
NMKIK{IDFMAIKAHK{LPLHKK[IGK{IYCHAIKOFGLjOKMK{ILHAIK
OFGLjKDHK{LPLHKJKEMPK|HLIGKEMG},
@KuK
KAK
OKLLK
KK
XKPBHKBMDEHZMBKAMKMGGIK
K
/ :a /
{IYCHBIEKPBHK{LPLHKPMK{IDFBKPBHK[UGBPLHKMK{ILHBIEKMBKIPFGHK
{LPLHJKHK[UGBPLHKBPAHG}KHwPEFHDAIVEMKGKDI|HKYIEC\]ISKMwHK{IBIK
9/
K
K

@ZIGHKKEUKEP~EFCFPCGKIEK|HLIGME,K@K[UGBPLHKACKYHGHKEIBHGK
VW
HEECBKFMGMBIEKPMKEIBHGK@JKKJKJKOKI~FMDAIVEMKIKGMEPLFHAIKLLS
MEYIEFH,KOS
AVKrK{IGGMCIKMLMFGqDC{IKKPBKBFIAIKPMKYMGBCFMK{IBYIGJK
MD|CHGKMKGM{M~MGKBMDEHZMDEKHFGH|EKAMKECEFMBHEKMLMFGqDC{IEKAMK
{IBPDC{H\]ISKN]IKEI[FtHGMEKZMGMD{CHAIGMEKAMKMBHCLJKXOXQr,
@K ICLLHKQxPDAMG~CGASK
KHxIIK MEEMDZMGSK
\

OKrPFLIIKXYGMEES
KRD{GMAC HCLS
3a 
OIBMDF}GCIE,KTIAMBIEK{CFHGK|}GCIEKZMGMD{CHAIGMEKAMKMVBHCLK
MLMFGIDC{KBHCLKIPK{IGGMCIKMLMFGqDC{IJKBHEKAM|MBIEKBMBIGCHGKPMK
IEKECEFMBHEKPMKFGH~HLxHBKIK{IGGMCIKMLMFGqDC{IKYIAMBK[PD{CIDHGK
YIGKBMCIKAMKPBKEI[FtHGMKCDEFHLHAIKMBKDIEEIK{IBYPFHAIGKLI{HLKIPK
YIGKBMCIKAMKPBKYGIZGHBHKPMK[PD{CIDHKAMDFGIKAMKPBKDH|MZHAIGJK
|CHKH{MEEIKYIGKRDFMGDMFSKXEFMKYGIZGHBHKAHKRDFMGDMFJKPMKD]IKYGM{CEHK
EMGKCDEFHLHAIJKMKK{xHBHAIKAMKs X @RJKMDPHDFIKIKEI[FtHGMK
LI{HLKKIKZMGMD{CHAIGKAMKMVBHCLK{CFHAIKYMLHKPMEF]IS
TGCD{CYHCEKHDFHZMDEKAIKWMGMD{CHAIGKAMKMVBHCL,
ef TIAMKLMGKMKME{GM|MGKBMDEHZMDEKBMEBIKPHDAIKMEF}KAMEV
{IDM{FHAIKAHKRDFMGDMF
ef TMGBCFMKHGBHMDHGKHEKBMDEHZMDEKLI{HLBMDFMKDIK{IBV
YPFHAIGKLI{HL
ef TMGBCFMKPFCLCHGK|}GCHEK{HCHEKAMKMVBHCLKHIKBMEBIKFMBYI
HCIGMEKME|HDFHZMDE,
ef r{PYHBKMEYH\IKMBKACE{I
ef OIBYHFC~CLCAHAMK{IBKIEKEMG|CAIGMEKAMKMVBHCLKDMBKEMBV
YGMKE]IK{IBYHF|MCES
@KEMZPCGJKPBHKLCEFHKAMKZMGMD{CHAIGMEKAMKMVBHCLKMBKDMZGCFIKIEK
BHCEK{IDxM{CAIEKMKPFCLCHAIEKHFPHLBMDFM,
8 |~4{94}~y9{X
 =01612?61<?511U6480766Y
 1C=5546 <9:70B=0:Y
R{GMAC HCL
XPAIGH
TMZHEPEK HCL
@YYLMK HCLK@YYLM
BHCLKCDP
s CDAItEK HCL
@KPMEF]IK{CFHKIKHxIIK HCLJKBHEKMEFMKKPBKs X @RJKIPK
EMwHJKD]IKKCDEFHLHAIKDIK{IBYPFHAIGKLI{HLSKIZIJKKIKZH~HGCFIKAHK
PMEF]ISK
MEYIEFH,KS
uVKNI~GMKIEK{ID{MCFIEKAMKPFCLCH\]IKAHKRDFMGDMFKMK{IGGMCIK
MLMFGqDC{IJKHDHLCEM,
RSK@KKACZCFHAHKDHK~HGGHKAMKXDAMGM\IKKPEHAHKYMLIEK
DH|MZHAIGMEKAHKs M~KRDFMGDMFKXYLIGMGJK ICLLHKMKWIIZLMK
OxGIBMKYHGHKLI{HLCHGKGM{PGEIEKMKY}ZCDHEKAHKRDFMGDMFKXMBYLI,K
xFFY,MMtttSZIIZLMS{IBS~GS

AMKAHAIEKAMKPBKEMG|CAIGKIPK{IBYPFHAIGKGMBIFIKYHGHKPBK
{IBYPFHAIGKLI{HLS
RRRSKYLIHAKKHKFGHDE[MGD{CHKAMKAHAIEKAMKPBK{IBYPFHAIGKLI{HLK
YHGHKPBKEMG|CAIGKIPK{IBYPFHAIGKGMBIFIS
1^
^
AMEFCDHF}GCIJK{IBKMDAMGM\IKMLMFGqDC{IS
3+/
@KRJKRRJKRRRJKRK
KRJKRRK
OKRJKRRJKRRR
KRJKRRJKR
XKRJKRRRJKRK


OIBMDF}GCIE,KrKKKIKMDAMGM\IKDC{IKAMKPBKGM{PGEIKDHK
RDFMGDMFSK@KPMEF]IKYHGM{MKAC[MGMD{CHGKPBKGM{PGEIKAMKY}ZCDHJKBHEK
DHK|MGAHAMKPBHKY}ZCDHKKPBKGM{PGEIKIKBHCEK{IDxM{CAIJK{GMCIKAHK
s M~SKRFMBK|MGAHAMCGIS
K{IBPBK{ID[PDACGKIEKCFMDEKRRKMKRRRJKYIGKCEEIKBMBIGCM,K
+
|MGAHAMCGIES

IKCFMBKRKMD{IDFGHBIEKIKCFMBK[HLEIKAHKPMEF]IJKIKPMKDIEK
LM|HKHIKZH~HGCFIKKLMFGHKOSK@DMHGKPBKHGPC|IKMBKBMDEHZMBKAMK
^+Z
MEYIEFH,KOS
VK@KGMEYMCFIKAIEKBIAIEKAMKPFCLCH\]IKAMKHYLC{HFC|IEKAIK
a :+
@K@IKEMK{LC{HGKDIKDIBMKAMKPBKAI{PBMDFIKZGH|HAIK{IBKHK
MFMDE]IKSLEKHKYHGFCGKAIK MPKOIBYPFHAIGJKIKs CDAItEKHFC|HKIK NK
@{{MEEKYHGHKHKH~MGFPGHKAIKAI{PBMDFIKMBKFMLHS
K@EKIY\MEKOIYCHGKMKOILHGJKPMKYIAMBKEMGKI~FCAHEKHIK
EMKH{CIDHGKECBPLFHDMHBMDFMKHEKFM{LHEKOQKjKOKMKOQKjK
JGMEYM{FC|HBMDFMJKMEF]IKACEYID|MCEKDIKBMDPKXACFHGKAMKFIAIEKIEK
a :
OK@KIY\]IKNHL|HGKOIBIJKACEYID|MLKDIKBMDPKAHEKHYLC{H\MEK
a :
{IGGMDFMBMDFMKH~MGFIK{IBKIPFGIKDIBMSKMEEMK{HEIJKHK|MGE]IKHDFCZHK
AIKAI{PBMDFIKKHYHZHAHKMKEUKHKDI|HK|MGE]IKYMGBHDM{MKHGBHMDHAHK
DIK{IBYPFHAIGS
KrKBMDPKXC~CGKYMGBCFMKHK|CEPHLCH\]IKAIKAI{PBMDFIK
H~MGFIK{IGGMDFMBMDFMJKYIGKMMBYLIJKDIK[IGBHFIKAIK NKs IGAKYHGHK
EMGKH~MGFIKDIK NKTItMGTICDFS
XKBHKAHEK|HDFHZMDEKAMKEMKPFCLCHGKIK NKs IGAKKHKMLH~IGH\]IK
AMKHYGMEMDFH\MEKAMKELCAMEKPMKPFCLCMBK{IDFMAIKMKCBHZMDEKAMK
BHDMCGHKMEFGPFPGHAHKMKIGZHDCHAHS
OIBMDF}GCIE,KrKBMDPKMACFHGKZMGHLBMDFMK{IDFBKIEK{IBHDAIEK
PDC|MGEHCEKAIEKYGIZGHBHEKAHK C{GIEI[FK{IBIKKIK{HEIKAIEKHFHLxIEK
OQKjKOJKOQKjKJKOQKjKJKHLBKAIKLI{HLCHGS
XBKGMLH\]IKGEKIPFGHEKLMFGHE,
MFGHK@KKRD{IGGMFIKK@KMFMDE]IKSLEKH~GMKIKHYLC{HFC|IKX{MLK
MKD]IKIK@{{MEE
MFGHKOKKRD{IGGMFIKK@KIY\]IKEHL|HGK{IBIJK{GCHKPBHK{UYCHKAIK
HGPC|IK{IGGMDFMKMKD]IKHYHZHKHKEPHK|MGE]IKHDFCZHS
MFGHKKKRD{IGGMFIKKrKBMDPKMC~CGKBIEFGHK[IGBHEKAMKMC~C\]IK
AIKAI{PBMDFIKAMDFGIKAIK{IDFMFIKAMK{HAHKYGIZGHBHKMKD]IKAMKPBK

MFGHKXKKRD{IGGMFIKKrK EKs IGAKD]IK[HKHYGMEMDFH\]IKAMK

ELCAMEKMKECBKIK EKTItMGKTICDFS
MEYIEFH,K
\6

zVKOIBKGMLH\]IKHK{ID{MCFIEKAMKRDFMGDMFKMKKCDFGHDMFJKHEECDHLMKHK
IY\]IK{IGGMFHS
@KIBDCIKKIKDIBMKAHAIKHKPBKEMG|CAIGKPMK{IDFGILHK
HKMDFGHAHKMKHKEHAHKAMK{IDFMAIKMBKPBHKGMAMJK{IBIKI{IGGMKDHK
RDFMGDMFS
K@KCDFGHDMFKEUKYIAMKEMGKH{MEEHAHKYIGKPEP}GCIEKAHKRDFMGDMFK
PMKYIEEPHBKPBHK{IDM]IKxFFYJKHIKACZCFHGMBKDHK~HGGHKAMKMDAMGM\IEK
AIKDH|MZHAIG,KxFFY,MMCDFGHDMFS{IBS
OKBKBIAMBK@NKD]IKYIAMKEMGKPFCLCHAIKMBKPBHKGMAMK
LI{HLJKYICEKEPHK[PD\]IKK{IDM{FHGKPBK{IBYPFHAIGKGKGMAMKAMK

KrKBIAMLIK{LCMDFMMEMG|CAIGJKMBKPMKPBHKB}PCDHK
AMDIBCDHAHK{LCMDFMKGMPCECFHKEMG|C\IEKHKIPFGHJKAMDIBCDHAHK
EMG|CAIGJKHCDAHKKIKHFPHLKYHGHACZBHKAMKH{MEEIKGKRDFMGDMFS
XKBKEMG|CAIGKAMKY}ZCDHEKtM~KKHKB}PCDHKPMKHGBHMDHK
IEKDIBMEKAIEKPEP}GCIEKPMKYIEEPMBKYMGBCEE]IKAMKH{MEEIKHKPBHK
PHDFCAHAMKGMEFGCFHKAMKY}ZCDHEKAHKRDFMGDMFS
OIBMDF}GCIE,KrKBIAMLIK{LCMDFMMEMG|CAIGKKPMEFCIDHAIKMBK
FMGBIEKAMKCDFMGDMFKYICEKD]IKKF]IKGI~PEFIKPHDFIKGMAMEKTvTKYICEJK
MDPHDFIKDIKYGCBMCGIKBIAMLIKPBHKPMAHKAIKEMG|CAIGK{MDFGHLK
CBYMAMKIKH{MEEIKHIEKPEP}GCIEK{LCMDFMEJKDIKEMZPDAIKBMEBIKPMKPBK
EMG|CAIGK{HCHKIPFGIEKEMG|CAIGMEKHCDAHKAHG]IKH{MEEIKHIKBMEBIK
{IDFMAIKYMGBCFCDAIKPMKIKAItDLIHAK{IDFCDPMSKX,KYGIZGHBHEK
FIGGMDFJKXBPLMJKCBMtHGMJKMF{S
XBKGMLH\]IKGEKIPFGHEKLMFGHE,
LMFGHK@KKRD{IGGMFIKKIBDCIKKPBKDIBMKPMKEMG|MKYHGHK
0
{IGGMEYIDAMKHIKMDAMGM\IKPMKACZCFHBIEKDIKDH|MZHAIGS
LMFGHKKKRD{IGGMFIKK@KCDFGHDMFKKH{MEEHAHKAHKBMEBHK[IGBHK
PMKHKCDFMGDMFJK{IDFPAIJKIKHB~CMDFMKAMKH{MEEIKHKGMAMKKGMEFGCFIKHK
PBHKGMAMKLI{HLKMKD]IKHKCDFMGDMFK{IBIKPBKFIAIS
LMFGHKOKKRD{IGGMFIKKrKBIAMBK@NK{IDM{FHKIK{IBYPFHAIGK
HKCDFMGDMFJK{IBIKIKH{MEEIKHKCDFGHDMFKEMK[HKAHKBMEBHK[IGBHKEUKPMK
AMKBHDMCGHKLI{HLJKIKH{MEEIK|CHK@NKYIAMKECBKH{MEEHGKGMAMEKLI{HCES
LMFGHKXKKRD{IGGMFIKKBKEMG|CAIGKKPBKECEFMBHKAMK{IBYPFH\]IK
PMK[IGDM{MKEMG|C\IEKHKPBHKGMAMKAMK{IBYPFHAIGMESKXKD]IK
DM{MEEHGCHBMDFMKHGBHMDHKDIBMEKAMKPEP}GCIEKMMIPKGMEFGCDZMK
H{MEEIES
MEYIEFH,KK
yVKOIBKGMLH\]IKGKRDFMGDMFJKHEECDHLMKHKIY\]IK{IGGMFHS
@K@KKKIKMDAMGM\IK[EC{IKAMKPBHKB}PCDHKDHKRDFMGDMFJK
YICEJKYIGKMEEMKMDAMGM\IJKAMFMGBCDHVEMKHK{CAHAMKIDAMKMEF}KLI{HLCHAHK
FHLKB}PCDHS
KrKN QTKKPBKEMG|C\IKPMKYMGBCFMKHK|}GCIEKPEP}GCIEKEMK
{IDM{FHGMBKHKPBHKBMEBHKB}PCDHKECBPLFHDMHBMDFMJK{IBIKDIK
{HEIKAMKEHLHEKAMK~HFMVYHYIS
OKrKEMG|CAIGKTIYKKIKGMEYIDE}|MLKYMLIKMD|CIKMKGM{M~CBMDFIK
AMKHGPC|IEKDHKRDFMGDMFS
K PHDAIKEMKACZCFHKIKMDAMGM\IKAMKPBHKY}ZCDHKtM~JKIKFMGBIK
k.a -
YIGKMMBYLIS
XKrKYGIFI{ILIKQTKKPFCLCHAIKPHDAIKPBKPEP}GCIKAMK{IGGMCIK
MLMFGqDC{IKMD|CHKPBHKBMDEHZMBK{IBKHDMIKYHGHKIPFGIKAMEFCDHF}GCIK
AMK{IGGMCIKMLMFGqDC{IS
OIBMDF}GCIE,KrEKCFMDEKHYGMEMDFHAIEKDMEEHKPMEF]IKMEF]IK
GMLH{CIDHAIEKHKYGIFI{ILIEKAMKH{MEEISKNMZPMKH~HCIKIEKYGIFI{ILIEK
BHCEK{IBPDE,


VK QQTYMGFMFK QGHDE[MGK TGIFI{ILK K TGIFI{ILMK AMK
{HGGMZHBMDFIKAMKY}ZCDHEKAMKCYMGFMFIKKKQ
VKRTKRDFMGDMFKTGIF+9
DHKGMAM
^
MBHCLEKACGMFIKDIKTOK|CHKZMGMD{CHAIGKAMKMBHCLE
VKN QTKNCBYLMK HCLKQGHDE[MGKTGIFI{ILK
KTGIFI{ILIKYHAG]IKAMKMD|CIKAMKMBHCLE
VKR @TRDFMGDMFK MEEHZMK@{{MEEKTGIFI{ILKKNMBMLxHDFMK
HIKTrTJKDIKMDFHDFIJKYIEEPCKBHCEKGM{PGEIEKMKA}KHIKPEP}GCIKHK
YIEEC~CLCAHAMKAMKHGBHMDHBMDFIKMKH{MEEIKHKEPHEKBMDEHZMDEKAMK
MBHCLKACGMFIKDIKEMG|CAIGS
VKQTCLMKQGHDE[MGKTGIFI{ILKKTGIFI{ILIKYHGHKFGHDE[MGD{CHK
AMKHGPC|IE
MEYIEFH,K
VK PHDFIKHIKs CDAItEKXYLIGMGJKHEECDHLMKHKIY\]IK{IGGMFHS
@KrKs CDAItEKXYLIGMGKKPFCLCHAIKYHGHKZMGMD{CHGKYHEFHEK
MKHGPC|IEKMKYIGKEMPKCDFMGBACIKD]IKKYIEE|MLKH{MEEHGKIKTHCDMLK
AMKOIDFGILMJKIKPHLKEUKYIAMKEMGKH{MEEHAIKYMLIK~IF]IKRDC{CHGKAIK
s CDAItES
KTHGHKEMKI~FMGKHKLCEFHZMBK{IBYLMFHKAIEKHGPC|IEKEHL|IEKMBK
9^+
AM|MVEMKEMLM{CIDHGKMFHLxMEKDHEKIY\MEKAMK IAIEKAMKXC~C\]IS
OKIKs CDAItEKXYLIGMGJKIKCFMBK MPEKI{HCEKAMKMAMK
I[MGM{MKPBKxCEFUGC{IKAMKY}ZCDHEK|CECFHAHEKDHKRDFMGDMFKYHGHKH{MEEIK
ACGMFIKHKMLHES
K PHDAIKPBKHGPC|IKMEFC|MGKH~MGFIKDIKs CDAItEKMKHKIY\]IK
MDIBMHGK[IGKH{CIDHAHKDIKs CDAItEKXYLIGMGK{IBKIK~IF]IKACGMCFIK
AIKBIPEMJEMG}KEHL|HKPBHKDI|HK|MGE]IKAIKHGPC|IKMKHKHDFMGCIGK
{IDFCDPHG}KH~MGFHK{IBKIKDIBMKHDFCZIS
XKTHGHKEMKMD{IDFGHGKHGPC|IEKHGBHMDHAIEKDHKMEFGPFPGHKAMK
ACGMFUGCIEKAIKs CDAItEJKAM|MVEMKPFCLCHGKIKEFCIKAMK~PE{HKWIIZLMJK
YICEKKMLMKPMKA}KH{MEEIKHKFIAIEKIEKACGMFUGCIEKAMKB}PCDHEKLCZHAHEK
GKRDFMGDMFS
OIBMDF}GCIE,KHKIY\]IK IAIEKAMKXC~C\]IJKIEKHGPC|IEKE]IK
BIEFGHAIEKAMK|}GCHEK[IGBHEK{IBIKCEFHEJK CDCHFPGHEKMKMFHLxMES
MEYIEFH,KK
?79D16/404607619:706[66><76?766:769 701666766
196=:7076=9?7<045 79?7616?78?164B4=816
474454474I46I
7"144554164?2I3
51215&454541474

547IM47"14I46I
\]^_
42446I52414"4
71511
53315315361

4"174446>164446
4774I474"
76775I4&545
244

55>I14179
55565454545861491444
54I74&44371?2I

\H

"5751474I4758617
174556164 54!34
`6abc`
726574514
15

"64IA55478468614930d
d26>6356#846861714
747%*551515

VK@EK{LPLHEKPMK{IDFBK{}L{PLIEK[MCFIEKDHKYLHDCLxHK
MLMFGqDC{HJK
@KPHDAIK{ILHAHEKDIKMACFIGKAMKFMFIEJKHYGMEMDFHG]IK
GMEPLFHAIEKAC[MGMDFMEKAIKIGCZCDHLSK
KD]IKYIAMBKEMGK{ILHAHEKDIKMACFIGKAMKFMFIESK
OKEIBMDFMKYIAMBKEMGK{IYCHAHEKYHGHKIKMACFIGKAMKFMFIEKAMDFGIK
AMKPBKLCBCFMKB}CBIKAMKAMKLCDxHEKMK{CD{IK{ILPDHESK
KEUKYIAMBKEMGK{IYCHAHEKYHGHKIKMACFIGKAMKFMFIKPBHKHKPBHSK
XKPHDAIKCDFMZGHLBMDFMKEMLM{CIDHAHEJK{IYCHAHEKMK{ILHAHEK
DIKMACFIGKAMKFMFIEJKEMG]IKMC~CAHEKDHK[IGBHKAMKFH~MLHSKKK
K
OIBMDF}GCIE,KNMBYGMKPMKEMK{IYCHK{LPLHEKAMKPBHKYLHDCLxHK
MLMFGqDC{HKMK{ILHVEMKDIKs IGAJKMEFHEKEMKHYGMEMDFHBK{IBIKPBHKFH~MLHK
ECBYLMEJKIDAMKHEK[UGBPLHEKE]IKMEPM{CAHEKMKEUKIEKDBMGIEKE]IK
{ILHAIES
MEYIEFH,KX
vVKrKMD|CIKAIKHGPC|IKPMK{IDFBKIKFMFIJKYIGKBMCIKAIK
{IGGMCIKMLMFGqDC{IJKAM|MK{IDECAMGHGKHEKIYMGH\MEKAMK
@KHDMH\]IKAMKHGPC|IEKMKAMKCDEMG\]IKAIEKMDAMGM\IEK
MLMFGqDC{IEKAIEKAMEFCDHF}GCIEKDIK{HBYIKO{ISK
KAMKAMEHDMH\]IKAMKHGPC|IEKMKAMKCDEMG\]IKAIEKMDAMGM\IEK
MLMFGqDC{IEKAIEKAMEFCDHF}GCIEKDIK{HBYIKTHGHSK
OKAMKHDMH\]IKAMKHGPC|IEKMKAMKCDEMG\]IKAIEKMDAMGM\IEK
MLMFGqDC{IEKAIEKAMEFCDHF}GCIEKDIK{HBYIKO{SK
KAMKAMEHDMH\]IKAMKHGPC|IEKMKAMKCDEMG\]IKAIEKMDAMGM\IEK
MLMFGqDC{IEKAIEKAMEFCDHF}GCIEKDIK{HBYIKO{ISK
XKAMKHDMH\]IKAMKHGPC|IEKMKAMKCDEMG\]IKAIEKMDAMGM\IEK
MLMFGqDC{IEKAIEKAMEFCDHF}GCIEKDIK{HBYIKTHGHSK
K
OIBMDF}GCIE,KOLHGIKPMJKYHGHKEMKMD|CHGKHGPC|IEKYMLIK{IGGMCIK
MLMFGqDC{IKAM|MVEMKGM{IGGMGKHIKPEIKAMKHDMH\]IJKIPKEMwHJKHDMHGK
IKHGPC|IKGKBMDEHZMBSK PHDAIK{ILI{HBIEKIEKMDAMGM\IEKAIEK
AMEFCDHF}GCIEKDIK{HBYIKO{IJKIPKEMwHJKDIK{HBYIK{IBK{UYCHKI{PLFHJK
+
BMDEHZMBJKIKPMKHFMDAMKHKEMZPGHD\HKEILC{CFHAHKDIKMDPD{CHAIS
MEYIEFH,K@

K01 2345

012 343567089
 30

!"#$#%&' ()*+,-./#0
MUNYOWO[RPUijSM^bcXOVUM[ScMSM gM
MPQ^PQ[QWRUMWUNUMYUO[MNSM]QMSMVSWh]WRSMNQMUROZONUNQ[M
]QMVS[R]YUYM[QPMVSW[ONQPUNU[M^P~^POU[MNUM]WijSMUNYOWO[RPUROZUgM
[[OYgMRQYS[M]QMSMVSWVQORSMUNSRUMVSYSMPQQPWVOUMUMUROZONUNQM
^PS^POUYQWRQMNORUgMSM]QMTMNQMURSMPQUXOUNSgMQMWjSM]QYMU[MPQUXOS]d
`QM YUWQOPUM ][]UXgM [jSM U^SWRUNU[M VSYSM ^P~^POU[M NUM
UNYOWO[RPUijSM^bcXOVUMQYM[QWRONSMYURQPOUXMU[M[Q\]OWRQ[MUROZONUNQ[_
MMQPZOiSMabcXOVS_M^PQ[RUikQ[MVSWVPQRU[M]QMPQ^PQ[QWRQYM
]ROXONUNQ[MS]MVSYSNONUNQ[MYURQPOUO[M^UPUMUM^S^]XUijSMQYM\QPUX
MMaSXOVOUMNYOWO[RPUROZU_M[jSMU[MUROZONUNQ[MNQMPQ[RPOikQ[MS]M
VSWNOVOSWUYQWRS[MOY^S[RS[MUSMQQPVVOSMNQMUROZONUNQ[M^POZUNU[M
QYMcQWQVOSMNSMOWRQPQ[[QMVSXQROZS
MMSYQWRS_MOWVQWROZSMUMOWOVOUROZUM^POZUNUMNQM]ROXONUNQM^bcXOVU
MMWRQPZQWijS_MTMRSNUMUMUROZONUNQMNQMOWRQPZQWijSMNSMe[RUNSMWSM
[QRSPM^POZUNSd
NYOWO[RPUijSMabcXOVUM[ScMSM 
TMSMVSWh]WRSMNQM~P\jS[gM^Q[[SU[Mh]PNOVU[MQMU\QWRQ[M
moqotqzzqoqvrmtxnmtyqovrupqourmtyuspxopqnqoxrnutuzyvx|qo
^bcXOVUWjSMOY^SPRUWNSMUMUROZONUNQM]QMQQPiUdM[[OYMRQYS[M]QgM
ZOUMNQMPQ\PUgMQ[[Q[M~P\jS[gMQWRONUNQ[MQMU\QWRQ[MNQ[QY^QWfUM]WijSM
UNYOWO[RPUROZUd
aSPRUWRSgM[SYQWRQMVSW[ONQPU[QMUNYOWO[RPUijSM^bcXOVUgM[ScM
UWXO[QMh]PNOVUgMUMSP\UWOUijSMUNYOWO[RPUROZUM]QMSMSPNQWUYQWRSM
h]PNOVSMcPU[OXQOPSMZO\QWRQMU[[OYMSMVSW[ONQPUPgMWjSMOY^SPRUWNSMUM
UROZONUNQM]QMQQPVQPdM
MUNYOWO[RPUijSM^bcXOVUMTMVSY^S[RUMQVX][OZUYQWRQM^SPM
~P\jS[MOWRQ\PUWRQ[MNUMUNYOWO[RPUijSMNOPQRUgMQgM^QXU[MQWRONUNQ[MNUM
UNYOWO[RPUijSMOWNOPQRUd

EF6GHIGJK7HF6
LMNOPQORSMTMRPUNOVOSWUXYQWRQMNOZONONSMQYMNSO[M\PUWNQ[M\P]^S[_M
SM`OPQORSMabcXOVSMQMSM`OPQORSMaPOZUNSd
eYMXOWfU[M\QPUO[gMSMPUYSMNSMNOPQORSM^bcXOVSMRQYMVSYSMSchQROZSM
^POWVO^UXMUMPQ\]XUYQWRUijSMNS[MOWRQPQ[[Q[MNUMVSXQROZONUNQMVSYSM
]YMRSNSgMZO[UMNO[VO^XOWUPMU[MPQXUikQ[MQWRPQMUM[SVOQNUNQMQMSMe[RUNSgM
lmnopqnqormstuvoqovmwvxnmtyqorxzovm{x|}mzorxzomtyurxrmzomo
~P\jS[MQ[RURUO[MQWRPQM[OdMQ[RQMPUYSMNSMNOPQORSgMRQYS[MUM^PQZUXWVOUM
NS[MOWRQPQ[[Q[M^bcXOVS[MQMVSXQROZS[M[ScPQMS[MOWRQPQ[[Q[M^UPROV]XUPQ[d
`Q[[UMYUWQOPUgM]UWNSMSMe[RUNSMUR]UMWUMNQQ[UMNS[MOWRQPQ[[Q[M
^bcXOVS[gMVSXSVU[QMQYM\PU]MNQM[]^QPOSPONUNQMNOUWRQMNS[MOWRQPQ[[Q[M
NQM^POZUNS[gM[QY^PQMNQZQWNSMScQNOWVOUMUMXQOMQMPQ[^QORUNU[M[M
\UPUWROU[MOWNOZON]UO[MVSW[U\PUNU[M^QXSMSPNQWUYQWRSMh]PNOVSM
ZO\QWRQd
UQYM^UPRQMNQ[[QM\P]^SMNQMNOPQORSM^bcXOVSMU[M[Q\]OWRQ[MPQU[_M
SMNOPQORSMVSW[ROR]VOSWUXgMUNYOWO[RPUROZSgMRPOc]RPOSgM^QWUXgMQWRPQM
S]RPS[d
UMS]RPUM^SWRUMRQYS[MSM\P]^SMNS[MNOPQORSM^POZUNS[gMRQWNSM
VSYSMSchQROZSM^POWVO^UXMUMPQ\]XUYQWRUijSMNS[MOWRQPQ[[Q[MQWRPQM
^UPROV]XUPQ[gMVSYSMSPYUMNQM^S[[OcOXORUPMSMVSWZZOSMNU[M^Q[[SU[M
NUM[SVOQNUNQMNQMYUWQOPUMfUPYSWOS[UMQMVSYM]PcUWONUNQdMLMNOPQORSM
^POZUNSMRQYMUMVUPUVRQP[ROVUMNQMO\]UXNUNQMh]PNOVUMQWRPQMU[M^UPRQ[M
QWZSXZONU[MQYM]YUMYQ[YUMXONQgMWjSMfUZQWNSM^S[[OcOXONUNQMNQM
^PQZUXWVOUMNQM]YUM^UPRQM[ScPQMS]RPUdMjSMQQY^XS[MNQMNOPQORSM
^POZUNSMUMPQUMNQMNOPQORSMVOZOXMQMVSYQPVOUXgMQWRPQMS]RPS[d
`OUWRQMNQMRUXMOWRPSN]ijSgMSMNOPQORSMUNYOWO[RPUROZSMTM]YMNS[M
PUYS[MNSMNOPQORSM^bcXOVSgMRQWNSMQYMZO[RUM]QMUMSP\UWOUijSMQMSM
QQPVVOSMNU[MUROZONUNQ[MNSMe[RUNSM[jSMZSXRUNS[M^UPUMUM[URO[UijSM
NS[MOWRQPQ[[Q[MQVX][OZUYQWRQM^bcXOVS[d
eYM[]YUgMSMSchQRSMNSMNOPQORSMUNYOWO[RPUROZSMUcPUW\QMRSNU[M
U[MPQXUikQ[MOWRQPWU[MNUMNYOWO[RPUijSM^bcXOVUgMQWRQMS[M~P\jS[MQM
QWRONUNQ[MUNYOWO[RPUROZU[gM]W[MVSYMS[MS]RPS[gMQWRPQMUM NYOWO[RPUijSM
QM[Q][MU\QWRQ[gMQ[RUR]RPOS[MQMVQXQRO[RU[gMQMUOWNUMRSNU[MU[MPQXUikQ[M
]QMQWZSXZQYMUMNYOWO[RPUijSMQM[Q][MNYOWO[RPUNS[gMPQ\ONU[M
^POWVO^UXYQWRQM^QXSMNOPQORSM^bcXOVSMS]M^QXSMNOPQORSM^POZUNSgMcQYM
VSYSMU[MUROZONUNQ[MNQMUNYOWO[RPUijSM^bcXOVUMQYM[QWRONSMYURQPOUXM
NQZONUYQWRQMQQPVONU[M^SPM^UPROV]XUPQ[M[ScMSMPQ\OYQMNQMNOPQORSM
^bcXOVSd
nvmomzp{xvmpmvomotqoormstu|qoxpspxozqlvmoqo
VSWVQORSMU^PQ[QWRUNS[M^QXUMNS]RPOWUM^UPUMSM gM
RQWNSMQYMZO[RUM]QM[jSMNO[ROWRS[MS[MVPORTPOS[MUNSRUNS[M^SPMNOZQP[S[M
U]RSPQ[M^UPUMUMNQRQPYOWUijSMNSMUXVUWVQMNQ[[UMOY^SPRUWRQMPUYSMNSM
NOPQORSd
[[OYgMUNSRUYS[MSM]QMUMNS]RPOWUMUV][UMVSYSM[QWNSMY UhSPORPOUgM
YU[MWjSMQVX][OZUgMUMVSWVQOR]UijSMNQMNOPQRSMUNYOWO[RPUROZS_MTMSM
VSWh]WRSMNQMPQ\]XUYQWRS[MQM^POWV^OS[MWSPRQUNSPQ[MU^XOVZQO[MM
Q[RP]R]PUijSMQMUSM]WVOSWUYQWRSMNU[M^Q[[SU[MQM~P\jS[MOWRQ\PUWRQ[M
NUMUNYOWO[RPUijSM^bcXOVUgM[MPQXUikQ[MQWRPQMSMaSNQPMabcXOVSMQM
[Q][MU\QWRQ[gMUSMQQPVVOSMNUM]WijSMUNYOWO[RPUROZUMQM\QPQWVOUXgM
QM^POWVO^UXYQWRQMU[MPQXUikQ[MVSYMS[M[Q][MUNYOWO[RPUNS[gMQMUOWNUM
xowmzyqorqzolmtzol{upqzo{mxtrqomnopqtzurmvx|qoxostx{urxrmo
bWOVUMNQMcQYMURQWNQPMUS[MUW[QOS[MNUMVSXQROZONUNQd

F6J<776H<6
HJJ<6IH61<KF6
e[RUNS_
LMe[RUNSMVSW[ROR]O[QMNQM]YMVSY^XQSMfUPYWOVSMNQM
OW[ROR]OikQ[M^SPMYQOSMNU[M]UO[M]YUMS]MYUO[MUikQ[M[QMSP\UWOUYgM
NQWRPSMNQM]YMS]MNQMZPOS[MRQPPOR~POS[gM[QhUMQYM]YUM]WONUNQMNQM
\SZQPWSMRQWNQWRQMUM^PSYSijSMNSMNQ[QWZSXZOYQWRSM[SVOUXMNQM
YUWQOPUM[ScQPUWUd
aUPUM]QM^S[[UMQO[ROPgMUXTYMNUM^PQ[QWiUMNQMQXQYQWRS[M]QM
rmstmnoqozyxrqooxutrxotmpmzzvuqoqovmpqtmpunmtyqormozxo
OWNQ^QWNWVOUM^QXS[MNQYUO[Me[RUNS[gMNQMYUWQOPUM[ScQPUWUd
eXQYQWRS[MNSMe[RUNS_M
jSMQXQYQWRS[MNSMe[RUNSgMRP[MNQWRPQMS[MYUO[MPQXQZUWRQ[MQM]W
NUYQWRUO[M]UO[M[QhUY_MBABBCBABBDB
aSZS_MM^S^]XUijSMNQM]YMe[RUNSMWjSMQWVSWRPUMXOYORQ[MSchQRO
xnmtymormsturqzotnmvupxnmtymozmtrqomoxoq{x|qooxoyqyx
XONUNQMNS[MfUcORUWRQ[MNQM]YMe[RUNSMQMWQXUM[QMNQ[RUVUYMS[MVSWVQORS[M
NQM^SZSMQMWUijSdM
Q\]OWNSMQ[[QMQWRQWNOYQWRSgMBABTMUM^S^]XUijSMNSMe[RUNSgM
QYMS]RPU[M^UXUZPU[gMTMSM\P]^SMNQM[QPQ[Mf]YUWS[M]QMfUcORUYM]YM
YQ[YSMRQPPOR~POSMQYMVSY]YgM[]hQORSMNQ[[UMYUWQOPUgMU[MYQ[YU[M
PQ\PU[gMYU[M]QMWQYM[QY^PQMRQYMS[MYQ[YSMSchQROZS[d
DBMTM]YM\P]^SMNQM^Q[[SU[M]QM[QM[QWRQYMh]WRS[MQM]WONS[M
^SPMOWRQPQ[[Q[MVSY]W[MQMONQUO[MQMU[^OPUikQ[MVSOWVONQWRQ[gMV]hUMSPO
\QYM[QMNMNSM[QWROYQWRSMVSY]YMNQMWUVOSWUXONUNQMQMNQMaRPOUd




SMVU[SMNUMQ[RP]R]PUMQMSP\UWOUijSMNS[MaSNQPQ[MWSMPU[OXgMRQ
YS[M]QMSMaSNQPM9Q\O[XUROZSMTMNQWSYOWUNSMNQMSW\PQ[[SgM^SPM[QM
RPURUPMNQM]YM^U[M^PQ[ONQWVOUXO[RUgM[QWNSMSM~P\jSMPQ[^SW[ZQXM^POW
pux{nmtymom{xom{xlqvx|qorxzo{muzomoszpx{ux|qomymvtxozqlvmoxo
UR]UijSMNS[MURS[MNSMaSNQPMeQV]ROZSd
m{qoxyqorqo vxzu{ozmvormsturqopqtzyuypuqtx{nmtymom{xo
SW[ROR]OijSMQNQPUXMNQM0122gM]YUM7Q^bcXOVUMaPQ[ONQWVOUXO[RUgMSM
aSNQPM9Q\O[XUROZSMQNQPUXMTMQQPVONSM^SPMYQOSMNSMSW\PQ[[SMU
VOSWUXgMSPYUNSM^QXSMQWUNSMQNQPUXMQM^QXUM8YUPUMNS[M`Q^]RU
NS[MQNQPUO[gMQYMQ[QPUMe[RUN]UXMSMaSNQPM9Q\O[XUROZSMTMQQPVONSM
^QXUM[[QYcXQOUM9Q\O[XUROZUMNSMe[RUNSgMQMQYMWZQXM6 ]WOVO^UXgMRUXM
^SNQPMTMQQPVONSM^QXU[M8YUPU[M6 ]WOVO^UO[d
oxyvulu|qo{mwuz{xyuxoormsturxotxoqtzyuyu|qo4mrmvx{oqvo
YQOSMNUMNOZO[jSMNQMVSY^QRWVOU[gMS]M[QhUgM]UWNSMUMVSY^QRWVOUM
qvormsturxopqtzyuypuqtx{nmtymormoqvnxovuxyuxorxotuqoxo
]WijSMXQ\O[XUROZUM[QPMQQPVONUM[SYQWRQM^QXSMSW\PQ[[SMUVOSWUXgM
VSYSMWS[MVU[S[MQ^PQ[[S[MWUMSW[ROR]OijSMQNQPUXMNQM0122gMQYM
[Q]MUPRO\SMd
`UMYQ[YUMSPYUgM]UWNSMUMSW[ROR]OijSMQNQPUXMNQRQPYOWUPM
UMVSY^QRWVOUMNS[Me[RUNS[6 QYcPS[MXQ\O[XUPM[ScPQMNQRQPYOWUNUM
nxyvuxoxot|qo{mwuz{xyuxospxvozqloxovmzqtzxlu{urxrmorxzoz
[QYcXQOU[M9Q\O[XUROZU[MNQMVUNUMe[RUNSgMQMWS[MWZQO[MY]WOVO^UO[gM
NQWRPSMNS[MXOYORQ[MVSW[ROR]VOSWUO[gMUM]WijSMXQ\O[XUROZUMVUcQPMU[M
8YUPU[M6 ]WOVO^UO[d
eWRPQRUWRSgM[QWNSMUMVSY^QRWVOUMURPOc]NUMVSWVSPPQWRQYQWRQMM
5WOjSgMUS[Me[RUNS[M6 QYcPS[MQMUSM`O[RPORSMQNQPUXgMVSWVSPPQYMQW
RPQM[OMUMVSY^QRWVOUMNQMXQ\O[XUPMSMSW\PQ[[SMUVOSWUXMQMU[M[[QY
cXQOU[M9Q\O[XUROZU[MNS[Me[RUNS[MQMUM8YUPUM`O[RPORUXgMWS[MRQPYS[MNSM
UPRO\SMMNUMSW[ROR]OijSMQNQPUXd

QPPOR~POS_MeWRQWNQ[QM^SPMRQPPOR~POSMUMcU[QM[OVUMNSMe[RUNSMQM
ormsturqom{xovmxowmqwvspxomoqpxoxzzunooqoymvvuyvuqomo
rmstmoqoxzonqvyxtymomzp{xvmpmvomozmnoymvvuyvuqotqoozyx
NSgMYU[gM^S[[UMQO[ROPM]YUMUijSMSPRQMQM]WONUgMO[RSMSVSPPQM^SP]QM
UMWSijSMh]PNOVUMNQMRQPPOR~POSMTMYUO[MUY^XUM]QMS[MXOYORQ[M[OVS[MQM
wmqwvspqzomom{movmvmzmtyxoqnqommn{qzoqrmnqzopuyxvoqzo
WUZOS[MNQM\]QPPUgMU[MQYcUOUNU[MQMUQPSWUZQ[gM]QM[jSMRQPPOR~POS[M
NS[M^U[Q[MNQMSPO\QYMQM]QMPQ^PQ[QWRUYd
SZQPWSMScQPUWS_MM[ScQPUWOUMNSMe[RUNSMTMSMRQPVQOPSMQXQ
YQWRSM]WNUYQWRUXgMTMVU^UVONUNQMNSMe[RUNSMNQMNORUPMU[M^P~^POU[M
PQ\PU[dMM[ScQPUWOUMQ[RURUXMYUWOQ[RU[QMURPUZT[MNUM[]UMU]RSSP\UWO
UijSMQMNUMU]RSNQRQPYOWUijSdM[[OYgMVUNUMe[RUNSMNQZQMZOZQPMXOZPQM
NQMOW\QPWVOU[MNQM]UO[]QPMS]RPS[Me[RUNS[d
LM^SNQPMNSMe[RUNSMTMUMYUWOQ[RUijSMNUMSP\UWOUijSMNSMe[RUNSM
moymnopqnqostx{urxrmoxovqym|qorqovvuqozyxrqormmtrmtrqo
S[MOWRQPQ[[Q[MVSXQROZS[MVSWRPUMU]QXQ[MNQMWUR]PQUMQVX][OZUYQWRQM
^POZUNUd
L[M^SNQPQ[MNSMe[RUNSM[jS_MB@D@BB@B
BB@BB@CDDB@@B
DdML[MPQQPONS[M^SNQPQ[MNSMe[RUNSM[QPjSMQ[R]NUNS[MQYMVU^OR]XSM
^P~^POSd
`Q[[UMSPYUgMUMSP\UWOUijSMNSMe[RUNSMWUMSW[ROR]OijSMNSMPU
[OXMTMSMRQPYSMPQQPQWRQMUM]YMVSWh]WRSMNQMNO[^S[OROZS[MVSWRONS[MWUM
SW[ROR]OijSMcPU[OXQOPUMNQM0122MNQ[ROWUNS[MUMNQRQPYOWUPMUMSP\U
WOUijSM^SXROVSUNYOWO[RPUROZUgMS]M[QhUgMNU[MURPOc]OikQ[MNQMVUNUM
QWRQMNUMQNQPUijSMUXTYMNO[[SgMRPURUYMNU[M[OR]UikQ[MQVQ^VOSWUO[M
NQMOWRQPZQWijSMWS[MQWRQ[MQNQPUROZS[gMZQP[UYM[ScPQMUNYOWO[RPUijSM
^bcXOVUMQM[QPZONSPQ[M^bcXOVS[MYOXORUPQ[MQMVOZO[gMQMRUYcTYMNU[MPQ
wu}mzorqzoxzomozxoutymwvx|qowmqwvspxompqt3nupxomozqpux{
LMPU[OXMUNSRS]MUMQNQPUijSMVSYSMSPYUMNQMSP\UWOUPMSMe[
yxrqoxo4mrmvx|qoonxox{uxt|xormozyxrqzoxvxoxostx{urxrmormo
SPYUijSMNQM]YMbWOVSMe[RUNSgMQYM]QMU[M]WONUNQ[MQNQPUNU[M^PQ
[QPZUYM^UPRQMNUM[]UMU]RSWSYOUM^SXROVUgMQWRPQRUWRSMUM[ScQPUWOUMTM
RPUW[QPONUMUSMe[RUNSMQNQPUXdM`QWRPSMNUMQ[RP]R]PUMSP\UWOUVOSWUXM
NSMe[RUNSMQNQPUXMPU[OXQOPSMRQYS[MU[M[Q\]OWRQ[MQWRONUNQ[MQNQ
PUROZU[_MM5WOjSgMS[Me[RUNS[gMSM`O[RPORSMQNQPUXMQMS[M6 ]WOV^OS[d
XTYMNQMUNSRUPMUMQNQPUijSgMOW[ROR]O[QMUM7Q^bcXOVUM]QMTM]YUM
SPYUMNQMSP\UWOUijSM^SXROVUMNSMe[RUNSgMWUM]UXMS[M^POWVO^UO[M
U\QWRQ[MNSM^SNQPM^SXROVSM[jSMQ[VSXfONS[M^QXSM^SZSMURPUZQ[MNSMZSRSd
`Q[[UMYUWQOPUgMNOUWRQMNU[MNO[^S[OikQ[MVSW[ROR]VOSWUXgMSMe[
RUNSMPU[OXQOPSMOWRQ\PUMUM7Q^bcXOVUMQNQPUROZUMNSMPU[OXMQYM]YM
SP\UWOVSMbWOVSMQMOWNO[[SX]ZQXgMSPYUNSM^QXS[Me[RUNS[gM6 ]WOV^OS[M
QMNO[RPORSMQNQPUXgM]WNUYQWRUNSMWUM[ScQPUWOUgMWUMVONUNUWOUgMWUM
NO\WONUNQMNUM^Q[[SUMf]YUWUgMWS[MZUXSPQ[M[SVOUO[MQMWSM^X]PUXO[YSM
^SXOROVSdM
SZQPWSMTMSMVSWh]WRSMNQM^SNQPQ[MQM~P\jS[MUNYOWO[RPUROZS[gM
]QM[QMNQ[ROWUMUM\QPQWVOUMQMVSWN]ijSM^SXROVUMNS[MWQ\~VOS[M^b
l{upqzoxyvxzormonopqn{mqormot|}mzo{mwx{nmtymormsturxzo
`QWRPQMS[MaSNQPQ[gM[ScMSM^SWRSMNQMZO[RUMSP\8WOVSgMRQYS[MWSM
e[RUNSM`QYSVPROVSMNQM`OPQORSMUM^PQ[QWiUMNQMRP[MaSNQPQ[MNSMe[
RUNSgM[QWNSMQXQ[_
MMaSNQPM9Q\O[XUROZS
MMaSNQPMeQV]ROZSMQg
MMaSNQPM
]NOVOPOSd


SYSMSMaSNQPMSZQPWUWRQgMSMaSNQPMeQV]ROZSMVSW[ROR]O[QM
QYM]YMVSY^XQSMNQM~P\jS[MPQ[^SW[ZQO[M^QXUM^PROVUMNS[MURS[M
UNYOWO[RPUROZS[gMWSMQQPVVOSMNU[MUROZONUNQ[MUNYOWO[RPUROZU[M]QM
XfQMVSY^QRQYgM[QWNSMQQPVONSM^QXS[MVfQQ[MNSMaSNQPMeQV]ROZSM
QYMVUNUMQ[QPUgMS]M[QhUgM^QXSMaPQ[ONQWRQMNUM7Q^bcXOVUMQYM8YcORSM
QNQPUXWUVOSWUXgM^QXS[MSZQPWUNSPQ[MWSM8YcORSMNS[Me[RUNS[
YQYcPS[MQM^QXS[MaPQQORS[MWSM8YcORSM6 ]WOVO^UXdM
SY^QRQMUSMaSNQPMeQV]ROZSMSM\QPQWVOUYQWRSMNU[MUROZONUNQ[M
xrnutuzyvxyuxzomnoqyvxzox{xvxzospxozqloxovmzqtzxlu{urxrmo
NS[MfQQ[MNSMaSNQPMeQV]ROZSMUM]WijSMNQMVSSPNQWUijSMQM\Q[
RjSM^bcXOVUMNS[MPQV]P[SMQ[RURUO[gMUXTYMNSM\QPQWVOUYQWRSMQMVSWRPSXQM
NS[M~P\jS[MOWRQ\PUWRQ[MNUMNYOWO[RPUijSMabcXOVUMQM[Q][MU\QWRQ[MWSM
QQPVVOSMQYMc][VUMNQMU[[Q\]PUPMUS[MUNYOWO[RPUNS[MS[MUW[QOS[MNUM
VSXQROZONUNQd

LMRQPVQOPSMaSNQPMNSMe[RUNSMTMSMaSNQPM
]NOVOPOSgMVSY^QRQWRQM
QMPQ[^SW[ZQXM^QXUMU^XOVUijSMVSWRQWVOS[UMNU[MXQO[MNSMSPNQWUYQWRSM
h]PNOVSMWUVOSWUXgMURPUZT[MNUM]WijSMh]PO[NOVOSWUXM]QMXfQMTMURPOc]
NUgMQQPVONUM^QXS[M
]Q[MNQM`OPQORSd
aSPM]WijSMh]PO[NOVOSWUXgMRQYS[M]QMTMUMURPOc]OijSMVSWVQNONUM
US[MYQYcPS[MNSMaSNQPM
]NOVOPOSMNQMQQR]UPMSMVSWRPSXQMNSMV]Y
^POYQWRSMNUMSPNQYMh]PNOVUgM^S[[]OWNSM^PQPPS\UROZU[MXQ\UO[MNQM
U^XOVUijSMNQM[UWikQ[MVSQPVOROZU[MVU[SMfUhUMSMNQ[V]Y^POYQWRSMNS[M
^PQVQORS[MWSPYUROZS[MNSMSPNQWUYQWRSMh]PNOVSMZO\QWRQd
LMaSNQPM
]NOVOPOSMTMSPYUNSM^QXSMVSWh]WRSMNQM~P\jS[Mh]PO[NO
VOSWUO[gMU[[OYMNOZONONS[_

UXMNOZO[jSMNQM^SNQPQ[M]WNUYQWRU[QMWUMQ[^QVOUXONUNQMNU[M
]WikQ[M]QMVUNUM]UXMNQ[QY^QWfUMNQWRPSMNUMSP\UWOUijSMUNYO
WO[RPUROZUMNSMe[RUNSgMSchQROZUWNSMUMYQXfSPM^PQ[RUijSMNQM[QPZOiSgM
ZO[UWNSMURQWNQPMS[MOWRQPQ[[Q[M^bcXOVS[gMOY^SPRUWRQMQ[VXUPQVQPM]QM
UMPQ^UPROijSMNS[M^SNQPQ[MXfQ[MNjSMU]RSWSYOUMNQMUR]UijSgMQgMZOUMNQM
PQ\PUgMWjSM^SNQMfUZQPMOWRQPZQWijSMNQM]YMaSNQPMQYMS]RPSd


SYSM^UPRQMNUMQ[RP]R]PUM[]^QPOSPgMSM~P\jSM^bcXOVSMWjSMRQYM
qtyxrmovvuxo{unuyxtrqFzmoxopnvuvozxzostx{urxrxrmzormtyvqo
NUMVSY^QRWVOUM]WVOSWUXM]QMXfQ[MSOMNQRQPYOWUNUMNQVSPPQWRQMNUM
SP\UWOUijSMQ[RURUXd
[MQWRONUNQ[MUNYOWO[RPUROZU[gMRUYcTYMVSWfQVONU[MVSYSMQW
RONUNQ[MQ[RURUO[gMWS[MQW[OWUYQWRS[MNSMh]PO[RUMUNYOWO[RPUROZSMGQXHM
9S^Q[M6 QOPQXXQ[MDBDBDI@D@@B<B
*5J,K'(%.(.,LJ'0J0'(.2&5LJ*J02*&5().+&.MLJ(+&.,.J4%./&+,',L./&)N
BD@DABEOuxtymormoyx{opqtpmuyqoqrmnqzop{xzzus
VUPMVSYMQWRONUNQ[MQ[RURUO[MUM5WOjSgMS[Me[RUNS[gMSM`O[RPORSMQNQPUXM
QMS[M6 ]WOV^OS[d
Y^SPRUWRQMUOWNUMYQWVOSWUPM]QMSMe[RUNSgMRUWRSM^SNQPMPQUXO
UPM^SPM[OM^P~^POSMU[MUROZONUNQ[MUNYOWO[RPUROZU[gMVSYSMRUYcTYM^S
rmvovmzyF{xzoqvonmuqormoqyvqzozmuyqzoPmzymopxzqomvuspxnqzo
UM^PQ[QWiUMNUMNQ[VQWRPUXOUijSMNUMUROZONUNQMUNYOWO[RPUROZUgM]QM
[QPMPQUXOUNUM^SPMYQOSMNU[M^Q[[SU[Mh]PNOVU[MOWRQ\PUWRQ[MNUMNYO
tuzyvx|qotruvmyxomozmvoqlmyqormomzyrqomnoyupqomzmpspq
eYM[]YUgMUMNYOWO[RPUijSMabcXOVUMTMUMUROZONUNQMNSMe[RUNSM
QQPVONUM^QXS[M[Q][M~P\jS[gMQWRONUNQ[MQ[RURUO[MQMQQV]RUNUM^SPM[Q][M
U\QWRQ[M^bcXOVS[gMQWVUPPQ\UNS[MNSMNQ[QY^QWfSMNU[MURPOc]OikQ[M
^bcXOVU[gMQYMS]RPU[M^UXUZPU[MTMSMVSWh]WRSMNQM~P\jS[MQM]WikQ[MOW[
ROR]NS[MQMWQVQ[[POS[M^UPUMUMScRQWijSMNS[MSchQROZS[MNSM\SZQPWSgM
^U]RUNS[MWSMOWRQPQ[[QMVSXQROZSd
`QMUVSPNSMVSYMS[MQW[OWUYQWRS[MNSMh]PO[RUMUNYOWO[RPUROZSM
GQXHM9S^Q[M6 QOPQXXQ[gMSP\UWOUijSMNUMNYOWO[RPUijSMabcXOVUMTM
DB@BBDDQDB@B>D@BB@D@BRDSDB@
ABAD@BRDTDB@D@D@BADE
`QMYUWQOPUMSchQROZUgMRQYS[M]QMLP\UWOUijSMNUMNYOWO[RPU
ijSMabcXOVUMTMRSNUMUMUROZONUNQMVSWVPQRUMQMOYQNOURUMNQ[QWZSXZONUM
^QXSMe[RUNSM^UPUMSMUXVUWiQMNS[MOWRQPQ[[Q[M^bcXOVS[d
OmonxtmuvxozlmyuxoqrmnqzoxsvnxvomoyvxyxFzmorqopqt
h]WRSMNQM~P\jS[MQMNQMU\QWRQ[M^bcXOVS[MUS[M]UO[MUMXQOMURPOc]OMSMQQP
VVOSMNUM]WijSMUNYOWO[RPUROZUMNSMe[RUNSd

MM]^PQYSMPOc]WUXMQNQPUX
MM]^QPOSPMPOc]WUXMNQM
][ROiU
MMPOc]WUO[M7Q\OSWUO[MQNQPUO[
MMPOc]WUO[MNSMPUcUXfS
MMPOc]WUO[MeXQORSPUO[
MMPOc]WUO[M6 OXORUPQ[
MMPOc]WUO[Me[RURUO[gMNS[Me[RUNS[6 QYcPS[gMNSM`O[RPORSMQNQ
PUXMQMNS[MQPPOR~POS[MUVOSWUO[d

F6HIKH6H6HJ6JJG7K HF6
FEF6! KIK<7H6KJ76J6KIKJ7F

"#$0 
M UNYOWO[RPUijSM ^bcXOVUgM QQPVONUM ^POWVO^UXYQWRQM ^SPM
YQOSMNSMaSNQPMeQV]ROZSgMTMVSY^S[RUMQVX][OZUYQWRQM^SPM
~P\jS[MOWRQ\PUWRQ[MNUMUNYOWO[RPUijSMNOPQRUgMQgM^QXU[MQWRONUNQ[MNUM
UNYOWO[RPUijSMOWNOPQRUd
LMPQ\OYQMh]PNOVSUNYOWO[RPUROZSMNUMNYOWO[RPUijSMabcXOVUMTM
]YMPQ\PUYQWRSMNQMNOPQORSM^bcXOVSgM[QWNSMU^XOVZQXMUS[M~P\jS[MQMQW
RONUNQ[MZOWV]XUNU[MQM]QMVSY^kQMUMUNYOWO[RPUijSM^bcXOVUMQMUOWNUMM
UR]UijSMNS[MU\QWRQ[MUNYOWO[RPUROZS[MQYM\QPUXd
QYM[Q]MQYcU[UYQWRSMWUMVSWVQ^ijSMNQMQO[RWVOUMNQM^SNQPQ[M
Q[^QVOUO[M^U[[ZQO[MNQM[QPMQQPVONS[M^QXUMUNYOWO[RPUijSM^bcXOVUgM
^SPMYQOSMNQM[Q][M~P\jS[MQMQWRONUNQ[gMQMQRQPOSPOUNS[M^SNQMYQOSMNQM
[Q][MU\QWRQ[gM]QM^SPM[]UMZQMTMVSWRPSXUNSMS]MXOYORUNSM^SPMOY^S
[OikQ[MRUYcTYMQ[^QVOUO[MMUR]UijSMNUMUNYOWO[RPUijSM^bcXOVUgMWjSM
QO[RQWRQ[MWU[MPQXUikQ[MNQMNOPQORSM^POZUNSd
[[OYgMUMUROZONUNQMUNYOWO[RPUROZUgMQYM]UX]QPMNS[M^SNQPQ[M
S]MQ[QPU[gMScQNQVQMUS[MB@DCD@D@BD@D@
%&'()*+(+,-./01)*2*+(+,.,.,32*452*(gMVSYSMOY^kQMUMWSPYUM]W
NUYQWRUXMNSMUPRO\SM67MNUMSW[ROR]OijSMNUM7Q^bcXOVUMQNQPUROZUM
NSMPU[OXMNQM0122gM]QMU[[OYMNO[^kQMQYM[Q]MD8M9?:;?
D@DB<D@D@D@D@BB@
@D=B@B>D@B@BB?@D@B@ BB
@DBB@CD@D@BD@D@BD@D@
/01)*2*+(+,.,.,32*452*(DADBCBd
MUNYOWO[RPUijSMabcXOVUMNQ[NScPU[QM^SPMYQOSMNQMU\QWRQ[M
^bcXOVS[gM]QMQQV]RUYMU[MUROZONUNQ[MUNYOWO[RPUROZU[MWS[M~P\jS[M
^bcXOVS[MQMQWRONUNQ[MUNYOWO[RPUROZU[MS]MQ[RURUO[d
qvowmtymol{upqzotxzonxuzoxn{xzormstu|}mzoqvn{xrxzo
^QXUMNS]RPOWUMUNYOWO[RPUROZUMTMRSNSMU]QXQM]QMQQPVQgMNQMSPYUM
PQY]WQPUNUMS]MWjSgMUOWNUM]QMRQY^SPUPOUYQWRQgM^SPMWSYQUijSgM
QXQOijSgMVSWRPURUijSgMS]M]UX]QPMS]RPUMSPYUMNQMZWV]XSgMYUWNURSgM
VUP\SgMQY^PQ\SMS]M]WijSMWUMNYOWO[RPUijSMabcXOVUgMQYMRSNU[MU[M
[]U[MQ[QPU[MNQMUR]UijSd
aSPM~P\jS[M^bcXOVS[gMRQYS[MVSYSM]YUM]WONUNQMQ[RURUXMVSYM
xyvulu|qomzmpspxormtyvqorxoqvwxtux|qorqozyxrqoCopqnqz
RSM^SPMU\QWRQ[M^bcXOVS[M]QMQQV]RUYMUROZONUNQ[MUNYOWO[RPUROZU[MQM
VSY^kQYMSM~P\jSgMZSXRUNSM^UPUMSMV]Y^POYQWRSMNQM]YUMUROZONUNQMUM
[QPMNQ[QWZSXZONUM^QXSMe[RUNSgMNQMOWRQPQ[[QMVSXQROZSd
eYMS]RPU[M^UXUZPU[gMS[M~P\jS[M^bcXOVS[M[jSM]WONUNQ[MOWRQ\PUW
RQ[MNUMQ[RP]R]PUMUNYOWO[RPUROZUMNQM]YUMYQ[YUM^Q[[SUMh]PNOVUMWU[M
]UO[M[jSMU\P]^UNU[MU[MVSY^QRWVOU[MUM[QPQYMQQPVNU[M^SPMYQOSM
NQM[Q][MU\QWRQ[M^bcXOVS[gMS]M[QhUgM[jSM[OY^XQ[MVSWh]RS[MNQMVSY
^QRWVOUgM[QYM^QP[SWUXONUNQMh]PNOVUM^P~^POUgMPQ[]XRUNS[MNQM]YUM
RTVWOVUMNQMSP\UWOUijSMUNYOWO[RPUROZUMVSWfQVONUMVSYSMD@B
DBE

"#$1"#$1#$U

LMe[RUNSMQQPVQM]WijSMUNYOWO[RPUROZUM^SPMYQOSMNQM~P\jS[gM
^Q[[SU[Mh]PNOVU[MQM[Q][MPQ[^QVROZS[MU\QWRQ[M^bcXOVS[gMSchQROZUWNSM
URQWNQPMSMOWRQPQ[[QMVSXQROZSdMaUPUMRUWRSgMSMe[RUNSMUNSRUMN]U[MSP
YU[M^POWVO^UO[M^UPUMUMSP\UWOUijSMQMUR]UijSMUNYOWO[RPUROZU_MVQWRPU
XOUijSMQMNQ[VQWRPUXOUijSd
LVSPPQMUM"#$MUNYOWO[RPUROZUM]UWNSMSMe[RUNSMQQP
VQM[]U[M]WikQ[MNOPQRUYQWRQgM^SPMYQOSMNQM[Q][M~P\jS[MQMU\QWRQ[M^b
cXOVS[MOWRQ\PUWRQ[gMU[[OYgMNOQYS[M]QMUMUROZONUNQMUNYOWO[RPUROZUM
NSMQ[RUNSMTMVQWRPUXOUNUM]UWNSMTMQQPVONUM^QXSM^P~^POSMe[RUNSgMS]M
[QhUgM^QXSMVSWh]WRSMSP\8WOVSM]QMXfQMVSY^kQd
LVSPPQMUMVfUYUNUM"#$MUNYOWO[RPUROZUM]UWNSMSM
e[RUNSMNQ[QY^QWfUMUX\]YU[MNQM[]U[MURPOc]OikQ[M^SPMYQOSMNQMS]
RPU[M^Q[[SU[gMQMWjSM^QXUM[]UMUNYOWO[RPUijSMNOPQRUdM[[OYgMNOQYS[M
]QMUMUROZONUNQMUNYOWO[RPUROZUMNSMe[RUNSMTMNQ[VQWRPUXOUNUM]UWNSM
TMQQPVONUM^SPM^Q[[SU[MNO[ROWRU[MNSMe[RUNSgM[QWNSM]QMfMRPUW[Q
PWVOUMNQMVSY^QRWVOUM^UPUMUMQQV]ijSMNSM[QPZOiSM^bcXOVSM]QMXfQM
[jSM^QPROWQWRQ[M^UPUM[Q][MU]OXOUPQ[d
MNQ[VQWRPUXOUijSMTMQQROZUNUM^SPMYQOSMNQMBBCD]UWNSMSM
Q[RUNSMVPOUgM^SPMYQOSMNQMXQOgM]YUMQWRONUNQMS]M^Q[[SUMh]PNOVUgMQMUM
QXUMXfQMRPUW[QPQMNQRQPYOWUNSM[QPZOiSM^bcXOVSd
`QMS]RPSMYSNSgMUMNQ[VQWRPUXOUijSMTMQQROZUNUM^~MYQOSMNQM
@CDBM]UWNSMUMNYOWO[RPUijSMabcXOVUMRPUW[QPQgMYQNOUWRQM
VSWRPURSMUNYOWO[RPUROZSMVSWVQ[[jSMS]M^QPYO[[jSMNQM[QPZOiS[M^b
cXOVS[gMS]M^SPMYQOSMNQMURSM]WOXURQPUXMU]RSPOUijSMNQM[QPZOiS[M^b
cXOVS[gMUMQQV]ijSMNSM[QPZOiSd



MNQ[VSWVQWRPUijSMTMSMQWYQWSgMS]MSPYUMNQMSP\UWOUijSM
UNYOWO[RPUROZUgMNQMNO[RPOc]OijSMOWRQPWUMNQMVSY^QRWVOU[dM`OQPQW
RQYQWRQMNUMNQ[VQWRPUXOUijSgM]QMQWZSXZQM[QY^PQMYUO[MNQM]YUM
^Q[[SUMh]PNOVUMNQMNOPQORSM^bcXOVSgMUM#$SVSPPQMQ
VX][OZUYQWRQMNQWRPSMNUMQ[RP]R]PUMNQM]YUMYQ[YUM^Q[[SUMh]PNOVUd
PURU[QgMUMNQ[VSWVQWRPUijSgMNQMYQPUMRTVWOVUMUNYOWO[RPUROZUM
NQMNO[RPOc]OijSMOWRQPWUMNQMVSY^QRWVOU[MNQM]YUM^Q[[SUMh]PNOVUd
LVSPPQMNQ[VSWVQWRPUijSMUNYOWO[RPUROZUM]UWNSM]YUM^Q[[SUM
^SXROVUMS]M]YUMQWRONUNQMNUMUNYOWO[RPUijSMOWNOPQRUMNO[RPOc]OMVSY
myWtpuxzotqoXnluyqormozxovvuxomzyvyvxopqnoxostx{urxrmormo
pqtmvuvonxuzoxwu{urxrmomomspuWtpuxoxovmzyx|qorqzozmvu|qz

QWNSMVSW[ONQPUNUMVSYSM^Q[[SUMh]PNOVUMNQMNOPQORSM^POZUNSgM
pxoxrnutuzyvx|qospxozqlovmzqtzxlu{urxrmomp{zuxnmtymom{qo
aSNQPMabl{upqoutzyuyrqoqvonomtymomzyxyx{opqnoxostx{urxrmo
rmsturxomno{muomzmpspxomozmtrqormovqvumrxrmotupxorqozyxrqo
ostx{urxrmoqrmozmvormoxyuurxrmompqt3nupxoqormovmzyx|qo
NQM[QPZOiS[M^bcXOVS[dMPURU[QMNQM^Q[[SUMh]PNOVUM]QMRQYM[]UM
VPOUijSMU]RSPOUNUM^SPMXQOgMVSYSMOW[RP]YQWRSMNQMUijSMNSMe[RUNSgM
NSRUNUMNQM^QP[SWUXONUNQMNQMNOPQORSM^POZUNSMYU[M[]cYQRONUMUMVQPRU[M
vmwvxzormpqvvmtymorxostx{urxrmol{upxopqtzyuyrxzozqlox{mvo
NU[MSPYU[MUNYORONU[MQYMNOPQORSgMV]hSMVU^ORUXM[QhUMSPYUNSM^SPM
VU^ORUXMSPYUNSM]WOVUYQWRQMQMQVX][OZUYQWRQM^SPMPQV]P[S[M
^bcXOVS[MNQM^Q[[SUMNQMUNYOWO[RPUijSMNOPQRUMS]MOWNOPQRUdMaSNQM[QPM
QNQPUXgMY]WOVO^UXMS]MQ[RUN]UXd

0 #$1
Coqopqttyqormovwqzomoutymwvxnoxzomzzqxzoq{yupxzorqo
e[RUNSM5WOjSgMQ[RUNS[gMY]WOV^OS[MQM`O[RPORSMQNQPUXgMUS[M]UO[M
SOMURPOc]NUMVSY^QRWVOUM^UPUMSMQQPVVOSgMNQMYUWQOPUMVQWRPUXOUNUgM
NQMUROZONUNQ[MUNYOWO[RPUROZU[gMTMVSY^S[RUM^SPM~P\jS[MXO\UNS[M
NOPQRUYQWRQMUSM^SNQPMVQWRPUXgM[QhUMWUMQ[QPUMQNQPUXgMQ[RUN]UXMS]M
Y]WOVO^UXdM

SVOQNUNQMNQMeVSWSYOUM6 O[RU
Coxomtyurxrmorqyxrxormomvzqtx{urxrmovrupxormoruvmuyqo
^POZUNSgMVPOUNUM^SPMXQOM^UPUMUMQ^XSPUijSMNQMUROZONUNQMQVSWYOVUgM
[ScMUMSPYUMNQM[SVOQNUNQMUWWOYUgMV]hU[MUikQ[MVSYMNOPQORSMUMZSRSM
^QPRQWiUYMQYM[]UMYUOSPOUMM5WOjSMS]MUMQWRONUNQMNUMNYOWO[RPUijSM
WNOPQRUd
PURU[QMNQM]YUM[SVOQNUNQMWUM]UXMfMVSXUcSPUijSMQWRPQMSMe[
yxrqomoxvyup{xvmzoxnlqzovmtutrqomotuspxtrqovmpvzqzoxvxoxo
vmx{ux|qormonxostx{urxrmozmnvmormoqlmyuqompqt3nupqoo
[SVOQNUNQMNQMQVSWSYOUMYO[RUMTM]YUM^Q[[SUMh]PNOVUMNQMNOPQORSM^PO
xrqomotqozmolmtmspuxormouzmt|}mzoszpxuzoqormoqvqovuu{mwuxrqo
LMe[RUNSM^SNQPMRQPM]YUM^UPROVO^UijSMYUhSPORPOUMS]MYOWSPORPOUM
QWRPQRUWRSgMYUO[MNUMYQRUNQMNU[MUikQ[MVSYMNOPQORSMUMZSRSMNQZQYM
^QPRQWVQPMUSMe[RUNSdMM[SVOQNUNQMNQMQVSWSYOUMYO[RUMTMNSM\WQPSM
NQM[SVOQNUNQMUWSWOYUgMQM[Q][M]WVOSWPOS[M[jSMPQ\ONS[M^QXUMSW
zq{urx|qorxzo[muzo\vxlx{uzyxzoYo[\

0 #$3
Co qo pqttyqo rmo mzzqxzo vrupxzo Yo rmzvqurxzo rmo
xyqtqnuxoq{yupxoYomoutp{xrxzoZornutuzyvx|qoOuvmyxo
RYMUMVSY^QRWVOUM^UPUMSMQQPVVOSgMNQMYUWQOPUMNQ[VQWRPUXOUNUgM
NQMUROZONUNQ[MUNYOWO[RPUROZU[dMjSMVSY^S[RUM^SPMQWRONUNQ[MVSYM
^QP[SWUXONUNQMh]PNOVUM^P~^POUgM]QMSPUYMVPOUNU[M^UPUMPQUXOUPM
UROZONUNQ[MNQMSZQPWSMNQMSPYUMNQ[VQWRPUXOUNUdMjSMQQY^XS[M
U[M]RUP]OU[gM]WNUikQ[gMeY^PQ[U[MabcXOVU[MQMSVOQNUNQ[MNQM
eVSWSYOUM6 O[RUd
]RUP]OU[_
CMSM[QPZOiSMU]RWSYSgMVPOUNSM^SPMXQOgMVSYM^QP[SWUXONUNQM
h]PNOVUgM^URPOYWOSMQMPQVQORUM^P~^POS[gM^UPUMQQV]RUPMUROZONUNQ[M
R^OVU[MNUMNYOWO[RPUijSMabcXOVUgM]QMPQ]QOPUYgM^UPUM[Q]MYQXfSPM
tpuqtxnmtyqowmzyqoxrnutuzyvxyuxomostxtpmuvxormzpmtyvx{uxrx
PURU[QMNQM^Q[[SUMh]PNOVUMNQMNOPQORSM^bcXOVSoqomozuwtuspxo
NOQPM]QMRQYM^PUROVUYQWRQMU[MYQ[YU[M^PQPPS\UROZU[MQM[]hQOikQ[MNUM
UNYOWO[RPUijSMNOPQRUdMMLM[Q]MPQ\OYQMh]PNOVSM^S]VSM[QMNOQPQWVOUM
NSMQ[RUcQXQVONSM^UPUMS[M~P\jS[MNUMNYOWOW[RPUijSM`OPQRUgMU^UPQ
VQWNSgM^QPUWRQMRQPVQOPS[gMVSYSMUM^P~^POUMNYOWO[RPUijSMabcXOVUdM
`OQPQMNUM5WOjSgMe[RUNS[MQM6 ]WOV^OS[M^Q[[SU[M^bcXOVU[M^SXROVU[M
^SPMWjSMRQPMVU^UVONUNQM^SXROVUgMS]M[QhUgMSM^SNQPMNQMVPOUPMSM^P~^POSM
NOPQORSgMTM^Q[[SUM^bcXOVUMUNYOWO[RPUROZUgM^SP]QMRQYMU^QWU[MSM^S
NQPMNQMU]RSUNYOWO[RPUijSgMWS[MXOYORQ[MQ[RUcQXQVONS[MQYMXQOd
`Q[RUMSPYUgMRQYS[M]QMUMU]RUP]OUMTM]YMRO^SMNQMUNYOWO[RPU
ijSMOWNOPQRUMQMQ[RMNOPQRUYQWRQMPQXUVOSWUNUMMUNYOWO[RPUijSMVQWRPUXgM
ZO[RSM]QMWjSM^SNQMXQ\O[XUPMQYMPQXUijSMUM[OgMYU[MNQZQMScQNQVQPMM
XQ\O[XUijSMNUMUNYOWO[RPUijSMM]UXMQ[RM[]cSPNOWUNUd
Coxutrxounqvyxtymormzyxpxvomoxzoxyxvuxzoqzzmnolmtzomo
PQVQORUM^P~^POS[gMU[[OYgMWjSM[QMVSW]WNQYMVSYMcQW[MNQM^PS^POQNUNQM
NUMNYOWO[RPUijSMNOPQRUMM]UXMQ[RjSMZOWV]XUNU[dM\]UXYQWRQgM
[jSMPQ[^SW[ZQO[M^SPM[Q][M^P~^POS[MURS[gMWjSMQWZSXZQWNSMUM
NYOWO[RPUijSMVQWRPUXgMQVQRSMWSMQQPVVOSMNUMPQ[^SW[UcOXONUNQM
[]c[ONOPOUd

]WNUijSMabcXOVU_
Coxomtyurxrmorqyxrxormomvzqtx{urxrmovrupxormoruvmuyqo
vuxrqozmnostzo{pvxyuqzopvuxrxomnouvyrmormoxyqvux|qo
XQ\O[XUROZUgM^UPUMSMNQ[QWZSXZOYQWRSMNQMUROZONUNQ[M]QMWjSMQOhUYM
QQV]ijSM^SPM~P\jS[MS]MQWRONUNQ[MNQMNOPQORSM^bcXOVSgMVSYMU]RSWSYOUM
UNYOWO[RPUROZUgM^URPOYWOSM^P~^POSM\QPONSM^QXS[MPQ[^QVROZS[M~P\jS[M
NQMNOPQijSgMQM]WVOSWUYQWRSMV][RQUNSM^SPMPQV]P[S[MNUM5WOjSMQMNQM
S]RPU[MSWRQ[d
[M T@D] <DM [jSM SP\UWOUikQ[M NSRUNU[M NQM
^QP[SWUXONUNQMh]PNOVUMNQMNOPQORSM^bcXOVSMS]MNQMNOPQORSM^POZUNSgM
zmnostzo{pvxyuqzopvuxrxzoxvxonosnomzmpspqormoutymvmzzmo
VSXQROZSgMVSYSMQN]VUijSgMV]XR]PUMQM^Q[]O[UgM[QY^PQMYQPQVQNSPU[M
NQM]YMUY^UPSMXQ\UXdM[M]WNUikQ[M^bcXOVU[M[jSMU]RSWSYU[M
UNYOWOW[RPUROZUYQWRQgM ^URPOYWOSM ^P~^POSgM QM ]WVOSWUYQWRSM
V][RQUNSgM^POWVO^UXYQWRQgM^SPMPQV]P[S[MNSM^SNQPM^bcXOVSgMYQ[YSM
]QM[ScMUMSPYUMNQM^PQ[RUijSMNQM[QPZOiS[d

6^F6HJ6J6H_GKF6

eY^PQ[UMabcXOVU_
PURU[QMNUMQWRONUNQMNSRUNUMNQM^QP[SWUXONUNQMh]PNOVUMNQM
NOPQORSM^POZUNSgMVSYM^URPOYWOSM^P~^POSMQMVU^ORUXMQVX][OZSMNUM
5WOjSgMVPOUNSM^SPMXQOM^UPUMUMQ^XSPUijSMNQMUROZONUNQMQVSWYOVUM
]QMSMSZQPWSM[QhUMXQZUNSMUMQQPVQPM^SPMSPVUMNQMVSWROW\WVOUM
S]MNQMVSWZQWOWVOUMUNYOWO[RPUROZUM^SNQWNSMPQZQ[ROP[QMNQM]UX]QPM
NU[MSPYU[MUNYORONU[MQYMNOPQORSd

MNYOWO[RPUijSMTMNSRUNUMNQM^SNQPQ[MS]M^PQPPS\UROZU[MOW[RP]
YQWRUO[M]QM\UPUWRQYMSMQQROZSMNQ[QY^QWfSMNQM[]U[MURPOc]OikQ[M
mo{mozqo{mwx{nmtymormsturxzo
V


L[M^SNQPQ[MUNYOWO[RPUROZS[M[jSMSMVSWh]WRSMNQM^PQPPS\UROZU[M
moxornutuzyvx|qol{upxoqzzuoxvxox{pxt|xvoqzostzox{nmx
NS[M^QXSMe[RUNSgMRUO[M^SNQPQ[M[jSMOWQPQWRQ[MMNYOWO[RPUijSMab
cXOVUM^UPUM]QMQ[RUM^S[[UM^PSRQ\QPMSMOWRQPQ[[QM^bcXOVSdMeWVQPPUYM
^PQPPS\UROZU[MNQMU]RSPONUNQgMU[M]UO[gM^SPMO[[SMYQ[YSgM[~M^SNQYM
[QPMQQPVONU[MWS[MXOYORQ[MNUMXQOd
6 ]ORSMQYcSPUMUMQ^PQ[[jSM^SNQPM^UPQiUMU^QWU[M]YUMUV]XNU
NQMNQMUR]UijSMNUMNYOWO[RPUijSMabcXOVUgMSMURSMTM]QMS[M^SNQPQ[M
UNYOWO[RPUROZS[MQWZSXZQYMWjSM]YUMYQPUMUV]XNUNQMNQMU\OPgMYU[M
[OYM]YMNQZQPMNQMUR]UPMNOUWRQMNU[M[OR]UikQ[MU^PQ[QWRUNU[MUSMaSNQPM
abcXOVSd
PURU[QgM^SPRUWRSgMNQM]YM^SNQPNQZQPgMWSM[QWRONSMNQM]QMUM
NYOWO[RPUijSMabcXOVUMNQZQMU\OPgMWUMYQNONUMQYM]QMS[M^SNQPQ[M
VSWQPONS[MUSMe[RUNSM[jSMOPPQW]WVOZQO[dMeWRQWNQ[QMNQ[[UMYUWQO
PUMUMWSijSMNQMNQZQPQ[MUNYOWO[RPUROZS[MSPO]WNS[MNUMScPO\UijSMNSM
aSNQPMabcXOVSMQYMUR]UPgM]ROXOUWNS[QMNS[M^SNQPQ[MQM^PQPPS\UROZU[M
URPOc]NS[MYQNOUWRQMXQOd
LMNQZQPMNQMU\OPMQ[RMXO\UNSMM^P~^POUMWSijSMNQM^PQPPS\UROZU[M
^bcXOVU[M\UPUWRONU[MUSMe[RUNSgM]QMQW[QhUgM^SPMVSW[Q]WVOUgMS]
yvqzormmvmzaormmvormomspuWtpuxormmvormovqlurxrmormmvormo
^PQ[RUPMVSWRU[gMNQZQPMNQMNUPMVSWROW]ONUNQMWS[M[QPZOiS[M^bcXOVS[gM
QWRPQMS]RPS[d
bzoqrmvmzomoxornutuzyvx|qoqzzuop{xzzuspxnFzmomnoq
NQPMcOWV]XUNSgM`O[VPOVOSWPOSgMGOQPP]OVSgM`O[VO^XOWUPgM7Q\]XU
YQWRUPMQMNQMaSXVOUd
eWRPQRUWRSgMVSWSPYQMQO\ONSMWSMeNORUXMNQMcQPR]PUMNSMSW
V]P[SMabcXOVSgM[SYQWRQM[QPMSchQRSMNQMQ[R]NSMU[M^UPROV]XUPONUNQ[M
QWVSWRPUNU[MWSMdU
Cozxlurqomoxoxvyuvorxoqtzyuyu|qo4mrmvx{omorxzo{muzomno
WS[[SMSPNQWUYQWRSMh]PNOVSgMSOMVSWQPONSM]YUM[TPOQMNQMNOPQORS[M
US[MVONUNjS[gM]QM^SPM[]UMZQgMRQYMSM[Q]M^XQWSMQQPVVOSMZOWV]XUNSM
VSYMSMcQYMQ[RUPM[SVOUXd
[[OYgMTM^SPMYQOSMNSMaSNQPMNQMaSXVOUM]QMUMNYOWO[RPUijSM
XOYORUMSMQQPVVOSMNS[MNOPQORS[MOWNOZON]UO[MQMVSXQROZS[MVSYMSM
SchQROZSMNQMU[[Q\]PUPMUMSPNQYM^bcXOVUgMQ[RUcQXQVQWNSMU[[OYM]YM
WZQXMUVQORZQXMNQMVSWZOZWVOUM[SVOUXgMQ[[QM^SNQPMRUYcTYM^SNQM[QPM
NQWSYOWUNSMNQM^SXVOUMUNYOWO[RPUROZUd
Coqoqrmvormmvurqoxqozyxrqotmpmzzvuqoxqomzyxlm{mpunmtyqo
NU[MYQNONU[M]QMUMSPNQYgMUM[UbNQMQMUMYSPUXONUNQM^bcXOVUMQO\QYdM
LM^POWVO^OSMWSPRQUNSPMNUMU^XOVUijSMNSMaSNQPMNQMaSXVOUMTMUM
^PQNSYOW8WVOUMNSMOWRQPQ[[QM^bcXOVSM[ScPQMSMOWRQPQ[[QM^POZUNSd
LMaSNQPMNQMaSXVOUMPQ[]YQ[QMWUM^PQPPS\UROZUMVSWQPONUM
UMNYOWO[RPUijSMabcXOVUM^UPUgMWUMSPYUMQMWS[MXOYORQ[MXQ\UO[gM
VSWNOVOSWUMS]MPQ[RPOW\QMSM][SMNQMcQW[gMQQPVVOSMNQMNOPQORS[MQM
UM^PUROVUMNQMUROZONUNQ[M^POZUNU[gMVSYMSMSchQROZSMNQM^PSRQ\QPMS[M
OWRQPQ[[Q[M\QPUO[MNUMVSXQROZONUNQd
[[OYgMTMUMUROZONUNQMNSMe[RUNSM]QMVSW[O[RQMQYMXOYORUPMSM
QQPVVOSMNS[MNOPQORS[MOWNOZON]UO[MQYMcQWQVOSMNSMOWRQPQ[[QM
^bcXOVSdM
6 Q[YSM[QWNSMVSW[ONQPUNSMVSYSM^SNQPMNO[VPOVOSWPOSMNUM
NYOWO[RPUijSgMSMaSNQPMNQMaSXVOUMTMVSWRPSXUNSMQMXOYORUNSM
^QXSMSPNQWUYQWRSMh]PNOVSM]QMPQ\]XUYMUMUR]UijSMNUM^P~^POUM
NYOWO[RPUijSgMO[RSM^SP]QMSMe[RUNSMNQZQM[QY^PQM^QP[Q\]OPMSM
OWRQPQ[[QM^bcXOVSgMYU[M[QYM]QMfUhUMSQW[UMUS[MNOPQORS[MOWNOZON]UO[M
\UPUWRONS[M^SPMXQOd
`Q[[UMSPYUgM^SNQYS[MVSWVX]OPM]QMSMaSNQPMNQMaSXVOUMTM]YM
^SNQPMNQMZO\OX8WVOUgMV]hSMSchQROZSMYUOSPMTMSMcQYQ[RUPM[SVOUXgM
OY^QNOWNSM]QMS[MUc][S[MNS[MNOPQORS[M^Q[[SUO[M^S[[UYMUYQUiUPMS[M
NOPQORS[MQMOWRQPQ[[Q[M\QPUO[MNUMVSXQROZONUNQd

`QVSPPQgM^SPRUWRSMNSMaSNQPMNQMaSXVOUgMUMU^XOVUijSMNQM[UWikQ[M
^UPUMUQPMV]Y^POPM[]U[MNQRQPYOWUikQ[gM]WNUYQWRUNU[MWUMXQOgMQM
U[[OYgMNOZQP[U[M[jSMU[M[UWikQ[M^U[[OZQO[MNQMU^XOVUijSgM^PQZO[RU[M
WU[MYUO[MZUPOUNU[MQMQ[^UP[U[MXQO[MUNYOWO[RPUROZU[gM]QM^SNQYM[QPM
U^XOVUNU[MWSM8YcORSMNUMUROZONUNQMNQM^SXVOUMUNYOWO[RPUROZUd
Y^SPRUWRQMQ[VXUPQVQPM]QMSM^SNQPMNQM^SXVOUMUNYOWO[RPUROZUM
OWVONQM[ScPQMUROZONUNQ[MQM[ScPQMcQW[gMWjSMNOPQRUYQWRQM[ScPQMS[M
VONUNjS[gMfUhUMZO[RUM]QMWjSMQO[RQYM[UWikQ[MU^XOVUNU[MNQVSPPQWRQ[M
NSM^SNQPMNQM^SXVOUMUNYOWO[RPUROZUM]QMOY^XO]QYMQYMPQ[RPOijSMUSM
NOPQORSMNQMXOcQPNUNQMNU[M^Q[[SU[MVSYSMNQRQWijSMQM^PO[jSd
[[OYgMZPOU[M[jSMU[M[UWikQ[MNQVSPPQWRQ[MNSM^SNQPMNQM^SXVOUgM
RUO[MVSYS_MY]XRUMUNYOWO[RPUROZUMNQYSXOijSMNQMVSW[RP]ikQ[M
OPPQ\]XUPQ[MU^PQQW[jSMNQMYQPVUNSPOU[MVSYMQWRPUNUMOPPQ\]XUPMWSM
RQPPOR~POSMWUVOSWUXMOWRQPNOijSMNQMQ[RUcQXQVOYQWRSMVSYQPVOUO[M]QM
Q[RjSMQYMNQ[UVSPNSMVSYMUMXQOMQYcUP\S[MUNYOWO[RPUROZS[MUMScPU[gM
QWRPQMS]RPU[d
qvosnounqvyxtymonmtpuqtxvomouxormovmwvxovmzpvmmo
QYMefMVOWVSMUWS[MU[MUikQ[M^]WOROZU[MNQVSPPQWRQ[MNSMQQPVVOSMNSM
^SNQPMNQM^SXVOUd

gF6KIG_KH<66! KIK<7H6
h1KGF6
MNYOWO[RPUijSMabcXOVUMTMUMUROZONUNQMNSMe[RUNSMQQPVONUM
^QXS[M[Q][M~P\jS[MQWVUPPQ\UNS[MNSMNQ[QY^QWfSMNU[MURPOc]OikQ[M
^bcXOVU[gMQYMS]RPU[M^UXUZPU[MTMSMVSWh]WRSMNQM~P\jS[MQM]WikQ[MOW[
ROR]NS[MQMWQVQ[[POS[M^UPUMUMScRQWijSMNS[MSchQROZS[MNSM\SZQPWSd
MUROZONUNQMUNYOWO[RPUROZUgMQYM]UX]QPMNS[M^SNQPQ[MS]MQ[Q
PU[gMScQNQVQMUS[MB@DCD@D@BD@D@BD
)*+(+,-./01)*2*+(+,.,.,32*452*(gMVSYSMOY^kQMUMWSPYUM]WNUYQWRUXM
NSMUPRO\SM67MNUMSW[ROR]OijSMNUM7Q^bcXOVUMQNQPUROZUMNSMPU[OXMNQM
0122gM]QMU[[OYMNO[^kQMQYM[Q]MD8M9?:;?D@DB
<D@D@D@D@BB@@D=B@B
>D@B@BB?@D@B@ BB@DB
B@CD@D@BD@D@BD@D@@D@
,32*452*(DADBCBd
`OUWRQMNQMRUO[M^POWV^OS[MQ^PQ[[S[MVSW[ROR]VOSWUXYQWRQMRQYS[_
aPOWV^OSMNUM9Q\UXONUNQ_M
zymooqovutpux{opqtpmuyqoxvxoxopqtswvx|qorqovmwunmo
vrupqFxrnutuzyvxyuqoquzozmozyuspxotqozmtyurqormomoxo
NYOWO[RPUijSMabcXOVUM[~M^SNQPM[QPMQQPVONUM]UWNSMQ[ROZQPMQYM
VSWSPYONUNQMVSYMUM9QOd
LMUNYOWO[RPUNSPMWjSM^SNQMU\OPgMWQYMYQ[YSMNQOUPMNQMU\OPgM
[QWjSMNQMUVSPNSMVSYMSM]QMNO[^kQMUMXQOdMaUPUM]QMUMUNYOWO[RPUijSM
^S[[UMUR]UPgMWjSMcU[RUMMOWQO[RWVOUMNQM^PSOcOijSMXQ\UXgMTMWQVQ[[POUM
^UPUMRUWRSMUMQO[RWVOUMNQMNQRQPYOWUijSMS]MU]RSPOUijSMNUMUR]UijSM
UNYOWO[RPUROZUMWUMXQOdML[M^UPROV]XUPQ[M^SNQYMUQPMR]NSMSM]QMUM
XQOMWjSM^PScUgMQWRPQRUWRSMUMNYOWO[RPUijSMabcXOVUM[~M^SNQMUQPM
U]OXSM]QMUMXQOMU]RSPOUPd
Y^SPRUWRQMUOWNUMQ[VXUPQVQPM]QMUMUNYOWO[RPUijSM^bcXOVUM
Q[RMScPO\UNUgMWSMQQPVVOSMNQM[]U[MURPOc]OikQ[gMMSc[QPZ8WVOUM
WjSMU^QWU[MNS[MNO[^S[OROZS[MXQ\UO[gMYU[MRUYcTYMQYMPQ[^QORSMUS[M
^POWV^OS[Mh]PNOVS[MVSYSM]YMRSNSgMOWVX][OZQMUS[MURS[MQMWSPYU[M
QNORUNU[M^QXUM^P~^POUMUNYOWO[RPUijSM^bcXOVUd
`


aPOWV^OSMNUMY^Q[[SUXONUNQ_M
aSPMRUXM^POWV^OSMRQYS[M]QMUMNYOWO[RPUijSMabcXOVUMRQYM
]QMYUWRQPM]YUM^S[OijSMNQMWQ]RPUXONUNQMQYMPQXUijSMUS[M[Q][M
UNYOWO[RPUNS[gMWjSM^SNQWNSM^PQh]NOVUPMWQYMYQ[YSM^POZOXQ\OUPM
]QYM]QPM]QM[QhUdM`Q[[UMSPYUMUMNYOWO[RPUijSM^bcXOVUMNQZQM
[QPZOPMUMRSNS[gM[QYMNO[ROWijSMS]MUZQP[kQ[M^Q[[SUO[MS]M^UPRONPOU[gM
c][VUWNSM[QY^PQMURQWNQPMUSMOWRQPQ[[QM^bcXOVSdM
Y^QNQMSM^POWV^OSMNUMOY^Q[[SUXONUNQM]QMSMURSMUNYOWO[RPUROZSM
[QhUMQYUWUNSMVSYMSMSchQROZSMNQMURQWNQPMUMOWRQPQ[[Q[M^Q[[SUO[M
rqoxwmtymol{upqoqormoymvpmuvqzormmtrqoymvoxostx{urxrmo
mp{zuxnmtymoxqomoruz}moxo{muormonxtmuvxomspumtymomo
OY^Q[[SUXd
7Q[[UXRU[QMUOWNUM]QMSM^POWV^OSMNUMOY^Q[[SUXONUNQMRQYM
Q[RPQORUMPQXUijSMVSYMSMRUYcTYM^POWVO^OSMVSW[ROR]VOSWUXMNUM
O[SWSYOUgMS]MO\]UXNUNQgM[QWNSMNQ[[UMSPYUMZQNUNUM^QP[Q\]OikQ[M
S]McQWQ[[Q[M^Q[[SUO[d

LMUNYOWO[RPUNSPMNQZQM^PSV]PUPMUM[SX]ijSM]QMYQXfSPMURQWNUM
US[MOWRQPQ[[Q[MNUMVSXQROZONUNQgMU^PSZQORUWNSMUSMYOYSMS[MPQV]P[S[M
^bcXOVS[gMQZORUWNSMNQ[[UMSPYUMNQ[^QPNVOS[dM
`OUWRQMNQMRUO[M^POWV^OS[MRONS[MVSYSMQ^PQ[[UYQWRQMVSW[ROR]
VOSWUO[gMNQVSPPQYMS]RPS[gMOY^XVORS[gMNQMO\]UXMOY^SPR8WVOUM^UPUMUM
PQ\]XUYQWRUijSMNU[MUROZONUNQ[M^bcXOVU[M[QWjSMZQhUYS[_
aPOWV^OSMNUM]^PQYUVOUMNSMWRQPQ[[QMabcXOVS_
UXMaPOWV^OSgMY]ORSMQYcSPUMWjSM[QMQWVSWRPQMQ^PQ[[SMWSM
QW]WVOUNSMNSMRQRSMVSW[ROR]VOSWUXMTMNQM[]YUMOY^SPR8WVOUM^UPUMUM
UROZONUNQMUNYOWO[RPUROZUgMRQWNSMQYMZO[RUM]QgMQYMNQVSPPWVOUMNSM
PQ\OYQMNQYSVPROVSMUNSRUNSM^QXSMPU[OXgMcQYMVSYSMSM[Q]M[O[RQYUM
PQ^PQ[QWRUROZSgMRQYS[M]QMRSNUMUMUR]UijSMNSMaSNQPMabcXOVSM[QhUM
VSW[]c[RUWVOUNUM^QXSMOWRQPQ[[QM^bcXOVSMQMVSXQROZSd
zzunoxvxomoqozyxrqoqzzxoxyutwuvoxostx{urxrmovutpux{o
]QMXfQMSOMOY^S[RUM^QXSMSPNQWUYQWRSMh]PNOVSgM]UXM[QhUgMSMOWRQ
PQ[[QM^bcXOVSgMTMU[[Q\]PUNSMUMUNYOWO[RPUijSM^bcXOVUM]YUM[TPOQMNQM
^PQPPS\UROZU[gMWjSMQO[RQWRQMWSMNOPQORSM^POZUNSgM^UPUM]QM[QMUXVUWVQM
UMZSWRUNQMVSY]YMNUMVSXQROZONUNQd
[[OYgMUM[]^PQYUVOUMNSMOWRQPQ[[QM^bcXOVSMNQZQM[QM[ScPQ[[UOPM
[ScPQMS[MNOPQORS[M^UPROV]XUPQ[MNS[MUNYOWO[RPUNS[gM^SO[MNQVSPPQMNQ[RQM
vutpuqomotxouymzmormoxmvonopqtluyqomtyvmoqoutymvmzzmo
^bcXOVSMQMS[MOWRQPQ[[Q[MNQM^UPROV]XUPQ[gMTMQZONQWRQMQMX~\OVSM]QMUM
ZSWRUNQMVSY]YMQMSMOWRQPQ[[QMVSXQROZSMNQZQM^PQZUXQVQPgMPQ[^QORUNS[M
S[M^POWV^OS[MNSMNQZONSM^PSVQ[[SMXQ\UXgMQMNSMNOPQORSMUN]OPONSd

aPOWV^OSMNUM6 SPUXONUNQ_M
UXM^POWV^OSMZQYMQ^PQ[[SMWUMSW[ROR]OijSMQNQPUXMWSMD
rqoxvyuwqojkomoyvxyxomzmpuspxnmtymorxonqvx{oxrnutuzyvxyuxo
SWNQM[QMPQQPQMMONQOUMNQM^PScONUNQMQMcSUTdM
M^UPROPMNUMSW[ROR]OijSMNQM0122gMUMYSPUXONUNQM^U[[S]MUSM
[RUR][MNQM^POWVO^OSMVSW[ROR]VOSWUXgMNQ[[UMYUWQOPUM^SNQ[QMNOQPM]QM
]YMURSMOYSPUXMTMRUYcTYM]YMURSMOWVSW[ROR]VOSWUXdM
MUXRUMNUMYSPUXMVSY]YMOY^kQgMWS[MURS[MUNYOWO[RPUROZS[MUM
^PQ[QWiUMVSQPVOROZUMQMScPO\UR~POUMNUMYSPUXMUNYOWO[RPUROZUgM]QM[QM
VSW[ROR]OMNQM]YMVSWh]WRSMNQMPQ\PU[MQMWSPYU[MNQMVSWN]RUMOY^S[RU[M
USMUNYOWO[RPUNSPMNUMVSO[UM^bcXOVUd
[[OYMSMXQ\O[XUNSPMVSW[ROR]OWRQM]ROXOUWNS[QMNS[MVSWVQORS[MNUM
6 SPUXMQMNS[MS[R]YQ[M]YUMSWRQM[]c[ONOPOUMNSM`OPQORSM^S[OROZSgM
VSYSMSPYUMNQMOY^SPMMNYOWO[RPUijSMabcXOVUgM^SPMYQOSMNQMh]SM
NQMZUXSPgM]YMVSY^SPRUYQWRSMScPO\URSPOUYQWRQMTROVSMQMYSPUXM
WSMQQPVVOSMNQM[]U[MURPOc]OikQ[MUNYOWO[RPUROZU[gMURPUZT[MNSM
^PQ[[]^S[RSMNUMYSPUXONUNQd
MWSijSMNQMYSPUXMUNYOWO[RPUROZUMWjSMQ[RUMZOWV]XUNUM[M
VSWZOVikQ[MOWROYU[MQM^Q[[SUO[MNSMU\QWRQM^bcXOVSgMYU[M[OYMUMWSijSM
NQMUR]UijSMUNQ]UNUMQMTROVUM^QPUWRQMUMVSXQROZONUNQgMN]PUWRQMUM
\QPWVOUMNUMVSO[UM^bcXOVUd

aPOWV^OSMNUMWNO[^SWOcOXONUNQMNSMWRQPQ[[QMabcXOVS_
eYMNQVSPPWVOUMNSM^POWV^OSMNUMOWNO[^SWOcOXONUNQMNSMOWRQPQ[[QM
^bcXOVSM[jSMZQNUNS[MUSMUNYOWO[RPUNSPMNUMVSO[UM^bcXOVUM]UX]QPM
URSM]QMOY^XO]QMQYMPQWbWVOUMUMNOPQORS[MNUMUNYOWO[RPUijSgMS]M]QM
rmonxtmuvxoutzyuspxrxomompmzzuxoqtmvmnoxozqpumrxrm
`Q[[UMYUWQOPUgMUMUNYOWO[RPUijSM^bcXOVUMNQZQMRQPM[UOMUijSMVSW
RPSXUNUM^QXSM^SZSgM^SPMYQOS[MNQMYQVUWO[YS[MVPOUNS[M^QXSMe[RUNSM
xvxomzyxostx{urxrmouzyqomoqoutymvmzzmol{upqotqoqrmozmvo
NO[^SWZQXd
aPOWV^OSMNUM]RSR]RQXU_MMNYOWO[RPUijSMabcXOVUM^SNQMVSPPO
wuvormoqspuqozmzovvuqzoxyqzovmqwxtrqoqzouvvmw{xvmzomoutqqv
R]WS[MQMUW]XUWNSMS[MYUWOQ[RUYQWRQMOXQ\UO[gMPQ[^QORUNSMSMNOPQORSM
UN]OPONSMQMOWNQWOUWNSMS[M^PQh]NOVUNS[gMV]hUMUR]UijSMRQYMUMVUPUV
ymvzyupxormoxyqpqtyvq{mormozmzoxyqzomvuspxtrqoqonvuyqorqoxyqo
UNYOWO[RPUROZSMQMUOWNUM[]UMXQ\UXONUNQ
aPOWV^OSMNUM7USUcOXONUNQMQMaPS^SPVOSWUXONUNQ_MMNYOWO[
RPUijSMNQZQMU\OPMVSYMcSYM[QW[SgMNQMYSNSMPUSZQXMQM^PS^SPVOSWUX
aPOWV^OSMNUMSWROW]ONUNQ_ML[M[QPZOiS[M^bcXOVS[MWjSM^SNQYM
^UPUPgMNQZQWNSMYUWRQP[QM[QY^PQMQYM]WVOSWUYQWRSgMNQWRPSMNU[M
SPYU[MQM^QPSNS[M^P~^POS[MNQM[]UMPQ\]XUPM^PQ[RUijS
aPOWV^OSMNUMe[^QVOUXONUNQ_MaSPMRUXM^POWVO^OSMU^XOVU[QMYUO[MU[M
U]RUP]OU[gMWjSM^SNQYMQXU[MRQPMS]RPUM]WijSgMUXTYMNU]QXU[M^UPUMU[M
]UO[MSPUYMVPOUNU[d

aPOWV^OSMNUMa]cXOVONUNQ_M
aSPMQ[RQM^POWVO^OSMVSW[ROR]VOSWUXgMRQYS[M]QMUMUNYOWO[RPUijSM
RQYMSMNQZQPMNQMSQPQVQPMRPUW[^UPWVOUMNQMRSNS[MS[MURS[M]QM^PUROVUPgM
QMNQMRSNU[MU[MOWSPYUikQ[M]QMQ[RQhUYMUPYUQWUNU[MQYM[Q][M
cUWVS[MNQMNUNS[MPQQPQWRQ[MUS[MUNYOWO[RPUNS[d
aSPRUWRSgM[QMUMNYOWO[RPUijSMabcXOVUMRQYMUR]UijSMWUMNQQ[UM
QMc][VUMUS[MOWRQPQ[[Q[MVSXQROZS[gMRSNU[MU[MOWSPYUikQ[MQMURS[M
^PUROVUNS[MNQZQYM[QPMUVQ[[ZQO[MUS[MVONUNjS[dM
qvoyx{ovxqoqzoxyqzol{upqzormmnoymvoru{wx|qoqspux{o
pqnqovmuzuyqormozxomsppuxozx{qoxzompm|}mzovmuzyxzomno{muo
SWNQMSM[O\OXSMNQZQM[QPMYUWRONSMQM^PQ[QPZUNSd

mF67H<6! KIK<77K H<F6

vutpuqorxospuWtpuxaM
aSPMRUXM^POWVO^OSMRQYS[MUMOY^S[OijSMQO\ZQXMMNYOWO[RPUijSM
abcXOVUMNQMYUWRQPMS]MUY^XOUPMUM]UXONUNQMNS[M[QPZOiS[M]QM^PQ[RUM
S]M^kQMUMNO[^S[OijSMNS[MUNYOWO[RPUNS[gMQZORUWNSMNQ[^QPNVOS[MQM
c][VUWNSMUMQVQXWVOUMWUM^PQ[RUijSMNS[M[QPZOiS[d
QYMSMSchQROZSM^POWVO^UXMNQMUROW\OPMU[MYQRU[gMc][VUWNSMcSUM
^PQ[RUijSMNQM[QPZOiSgMNUMYUWQOPUMYUO[M[OY^XQ[gMYUO[MVTXQPQMQM
YUO[MQVSWYOVUgMYQXfSPUWNSMSMV][RScQWQVOSMNUMUROZONUNQMNUM
UNYOWO[RPUijSM^bcXOVUdM

SYSMSMeNORUXMNQMcQPR]PUMNSMSWV]P[SMabcXOVSgMQYM[Q]M
pqtymrqovqwvxnyupqormomuwWtpuxzotqomzmpuspqoxuzozmvqo
S[MRQYU[MQO\ONS[M[ScPQMRS[MNYOWO[RPUROZS[gMZUYS[MUcSPNUPMNQM
YUWQOPUMUY^XUMQM\QPUXMS[MU[[]WRS[MYUO[MQO\ONS[MQYMVSWV]P[S[M
^bcXOVS[gM[QWjSMZQhUYS[_
i



RS[MUNYOWO[RPUROZS[M[jSMQ[^TVOQ[MNSM\WQPSM9URSMh]PNOVSBgM
S]M[QhUgM[jSMYUWOQ[RUikQ[Mf]YUWU[gMZSX]WRPOU[gM]WOXURQPUO[MQM
NQ[ROWUNU[MNOPQRUYQWRQMM^PSN]ijSMNQMQQORS[MWSMY]WNSMh]PNOVSd
`QMUVSPNSMVSYMS[MQW[OWUYQWRS[MNSMh]PO[RUMQX[SMWRWOSM
UWNQOPUMNQM6 QXXSgMURSMUNYOWO[RPUROZSM^SNQM[QPMVSWVQOR]UNSMVSYS_M
D@DDB@B>D@BoB@QTDDRASpBB
BqBBBB@AB<BrBqB
+,./',''&K(J*s(L./t1)*2(L-.%(5*u,LJ(+(.%,+*(5J,./'&s*+452*(L.
I@DBD@DDB@Q@DB
IDDBB@C@D@BCBI@BDE
Q\]WNSMSMVSWVQORSMSPY]XUNSM^SPMGQXHM9S^Q[M6 QOPQXXQ[gM
RQYS[M]Q_MDDBD@DABAB@DDTDBDD
@ ABD@ @D ?@DB <D DC@B D
v0()*+(+,-.J,5w(./&'.3%.*%,+*(J&.(+v0*'*'-.',LK0('+('-.J'(5Lu,'*'-.
%&+*32('-.,xJ*5K0*'.,.+,2)('('.+*',*J&L-.&0.*%/&'.&1'*K(yz,L.(&L.
D@D@BBDDE
aUPUM6 UPOUMHXZOUM`OMaOQRPSgMURSMUNYOWO[RPUROZSM^SNQM[QPM
rmsturqopqnqaoDD@DDB@B>D@BB@B
B@STBI@B@DBBBA{D@D
BCI@B@@B<BIDDBBB
|@BE
`Q[[UMSPYUgMRQYS[M]QMTM^SPMYQOSMNSMURSMUNYOWO[RPUROZSM]QMUM
]WijSMUNYOWO[RPUROZUM[QMVSWVPQROUgM[QWNSMRSNUMUMQRQPOSPOUijSMNUM
ZSWRUNQMNSMe[RUNSgMQQV]RUNUM^QXS[MU\QWRQ[M^bcXOVS[gMSchQROZUWNSM
UXVUWiUPMSMOWRQPQ[[QMVSXQROZSd
SWVX]OWNSMQWRjSgMURSMUNYOWO[RPUROZSMTMUMYUWOQ[RUijSM
S]MNQVXUPUijSMNUMNYOWO[RPUijSMabcXOVUgMQNORUNUM^QXSMaSNQPM
abcXOVSgMURPUZT[MNQM[Q][MU\QWRQ[gMWSMQQPVVOSMVSWVPQRSMNUM]WijSM
UNYOWO[RPUROZUM]QMQQPVQgMS]MNQM]QYMXfQMUiUM[MZQQ[gM[ScMU[M
vmwvxzormoruvmuyqol{upqopqnoxostx{urxrmormovmzmvxvomox{pxt|xvo
S[MOWRQPQ[[Q[MNUMVSXQROZONUNQgM^U[[ZQXMNQMVSWRPSXQM
]PO[NOVOSWUXd

MVSY^QRWVOUMTM]YMQXQYQWRSgMS]MPQ]O[ORSgM[QY^PQMZOWV]XUNSgM
S]M[QhUgMWjSMfM^S[[OcOXONUNQMNQMQ[VSXfUMWUMNQRQPYOWUijSMNUM
VSY^QRWVOUM^UPUMUM^PROVUMNQM]YMURSgMRQWNSMQYMZO[RUM]QMRUXM
ZOWV]XUijSMNQVSPPQMNQMXQOd
aUPUMS[MQ[R]NS[M[ScPQMSMPQ]O[ORSMNUMVSY^QRWVOUMNSMURSM
UNYOWO[RPUROZSgM[QMYS[RPUMWQVQ[[POSMQMS^SPR]WSMYQWVOSWUPMUM
muzyWtpuxorxzoswvxzorxo#$NQMVSY^QRWVOUMQMUM#$
NQMVSY^QRWVOUd
S[MVU[S[MQYM]QMfS]ZQPMUZSVUijSMS]MNQXQ\UijSMNQM
pqnmyWtpuxotqozmomvuspxoxoyvxtzmvWtpuxorxoyuy{xvurxrmorxo
VSY^QRWVOUgMU^QWU[MSM[Q]MQQPVVOSdMY^SPRUWRQM[UXOQWRUPM]QMSM
URSMNQMNQXQ\UijSMS]MUZSVUijSMNQMVSY^QRWVOUMTMNO[VPOVOSWPOSMQM
PQZS\ZQXMUM]UX]QPMYSYQWRSd
MUZSVUijSMTMSMURSMYQNOUWRQMSM]UXMSM[]^QPOSPMfOQPP]OVSMRPUM
^UPUM[OMSMQQPVVOSMRQY^SPPOSMNQMVQPRUMVSY^QRWVOUMURPOc]NUM^SPM
XQOMUM]YM[]cSPNOWUNSgMNQZQWNSM[QPMYQNONUMQVQ^VOSWUXMQMNQMVUPRQPM
^PQVPOSgM[QWNSM]QMUMUZSVUijSMWjSM[QPM^S[[ZQXM]UWNSM[QMRPURUPM
NQMVSY^QRWVOUMQVX][OZUMNSM[]cSPNOWUNSd
MNQXQ\UijSgMNS]RPSMYSNSMTMSMURSMYQNOUWRQMSM]UXMSM[]^QPOSPM
fOQPP]OVSMNQXQ\UM^UPUM[Q]M[]cSPNOWUNSMS]MUMS]RPSM~P\jSgM
VSY^QRWVOUM]QMXfQM^QPRQWVQgMRUYcTYMRQYMUMVUPUVRQP[ROVUMNQM[QPM
RQY^SPPOSMQMPQZS\ZQXMUM]UX]QPMYSYQWRSgMNQZQWNSM[Q\]OPMS[M
XOYORQ[M^PQZO[RS[MQYMXQOg
]UWNSMSMU\QWRQM^bcXOVSMS]M~P\jSMUR]UMSPUgMS]MUXTYgMNQM
zxomzmvxormopqnmyWtpuxoymnqzovmzmtymomtyqonxorxzoswvxzo
NQMUc][SMNQM^SNQPgMS]MQVQ[[SMNQM^SNQPgM]QgMWQYM[QY^PQMQ[RUM
UNUNSMUMUW]XUijSMNSMURSgMZO[RSM]QMSMZVOSMNQMVSY^QRWVOUMUNYORQM
VSWZUXONUijSgM[UXZQM[QMRPURUPMNQMVSY^QRWVOUMQYMPUjSMNUMYURTPOUM
S]MNQMVSY^QRWVOUMQVX][OZUd
OWUXONUNQ_
MSMQNORUPMNQRQPYOWUNSMURSMUNYOWO[RPUROZSgMSMaSNQPMabcXOVSM
rmmomvzmwuvoqoutymvmzzmol{upqoCoqoqlmyuqovutpux{omoxo
NYOWO[RPUijSMabcXOVUM^PQRQWNQMUXVUWiUPMVSYMUM^PROVUMNSMURSM
UNYOWO[RPUROZSdM
Omzzxonxtmuvxoxostx{urxrmorqoxyqormmozmvozmnvmoqoutymvmzzmo
rxopq{myuurxrmomoxostx{urxrmomzmpspxovmuzyxomno{muoxvxoxm{mo
URSMNUMUNYOWO[RPUijSdM
QWNSMPQ]O[ORSMNQMZUXONUNQMNSMURSgMTMW]XSM]UX]QPMURSM^PURO
VUNSMZO[UWNSMQVX][OZUYQWRQMSMOWRQPQ[[QM^POZUNSgMS]M[QhUgMSMNQ[U
ymtrunmtyqoxox{mvorxzostx{urxrmzorqoxyqoxrnutuzyvxyuqopqt
swvxopuqoutzxtm{opqnoxoqlvuwxyvuxoxt{x|qorqoxyqobopuqo
rmostx{urxrmoormtqnutxrqom{xorqyvutxopqnqormzuqormoqrmvo
pqtswvxtrqomnonxorxzonqrx{urxrmzorqoxlzqormoqrmv
SPYU_M
MSPYUMTMSMYSNSMNQMQRQPOSPOUijSMNSMURSMUNYOWO[RPUROZSdM
SNSMURSMUNYOWO[RPUROZSgMQYM^POWVO^OSgMNQZQM[QPMSPYUXgMQMUMSPYUM
QO\ONUM^QXUMXQOM]U[QM[QY^PQMTMQ[VPORUgMQYMURQWNOYQWRSMOWVX][OZQM
USM^POWVO^OSMVSW[ROR]VOSWUXMNQM^]cXOVONUNQd
MSPYUgMS]MSPYUXONUNQMTMSMVSWh]WRSMNQMQRQPOSPONUNQ[M]QM
NQZQYM[QPMSc[QPZUNU[M^UPUMUMPQ\]XUPONUNQMNSMURSMUNYOWO[RPUROZSgM
U[[OYgMRQYS[M]QMRSNSMURSMUNYOWO[RPUROZSMTMSPYUXgM^QXSM]QM[]UM
UXRUMPQ[]XRUgMWQVQ[[UPOUYQWRQgMWUMOWQO[RWVOUMNSMURSMUNYOWO[RPU
ROZSd
eO[RQMQYMNSO[M[QWRONS[gMWSMUY^XSMQMWSMQ[RPORSdMeYM[QWRONSM
UY^XSMTMSM^PSVQNOYQWRSM^PQZO[RSMQYMXQOM^UPUMUM^PROVUMPQ\]XUPMNSM
URSMUNYOWO[RPUROZSdMQ]M[QWRONSMQ[RPORSMPQQPQ[QMUSMVSWh]WRSMNQMPQ
]O[ORS[MSPYUO[M]QMNQZQYMVSW[RUPMWSM^P~^POSMURSMUNYOWO[RPUROZSgM
NQMUVSPNSMVSYM[]U[MSPYUXONUNQ[M^P~^POU[d

7}  
orqyvutxoxrnutuzyvxyuxooxpuspxomnoxqtyxvoputpqo
PQ]O[ORS[M c[OVS[gM S]M QXQYQWRS[M NS[M URS[M UNYOWO[RPUROZS[_M
2&%/,J452*(-.35()*+(+,-.u&'%(-.%&J*s&.,.&1~,J&.
XTYgMWUR]PUXYQWRQgMNS[MPQ]O[ORS[M\QPUO[MNQMRSNS[MS[MURS[M
h]PNOVS[M^QPQORS[gMVSYSMU\QWRQMVU^UgMSchQRSMXVORSMQMSPYUM
^PQ[VPORUMS]MWjSM^PSOcONUMQYMXQOd
PURU[QMNQMPQ]O[ORS[M]WNUYQWRUO[M^UPUMUMZUXONUNQMNSM
URSMUNYOWO[RPUROZSgM^SO[MSMURS[M]QMSPMQNORUNSMS]M^PUROVUNSMQYM
NQ[UVSPNSMVSYMSM]QMUMXQOMQ[RUcQXQiUM^UPUMVUNUMPQ]O[ORSgM[QPgMZOUM
NQMPQ\PUgM]YMURSMW]XSd
SY^QRWVOU_M
ormstu|qormo2&%/,J452*(MTMSM^SNQPMXQ\UXMVSWQPONSMUSMU\QWRQM
l{upqoxvxoqormzmnmtqovmw{xvomomzmpspqorxzoxyvulu|}mzormo
zmopxvwqoCoxopqnmyWtpuxoxopqtru|qovunmuvxormox{urxrmorqoxyqo
UNYOWO[RPUROZSgMSWNQMNQZQMfUZQPM]YUMUWXO[QM[ScPQMUMOWVONWVOUMS]M
tqorxopxxpurxrmomzmpspxomo{mwx{nmtymormsturxoxvxoxovyupxo
NSMURSd
Y^SPRUWRQMSc[QPZUPM]QMUMWSijSMNQMVSY^QRWVOUMNSMU\QWRQgMWUM
Q[QPUMNSM`OPQORSMNYOWO[RPUROZSgMUXVUWiUgMUXTYMNSMU\QWRQgMRUYcTYM
SM~P\jSMNSMe[RUNSM]QMQXQMPQ^PQ[QWRUgMNQ[[UMSPYUgMVSWVX]O[QM]QMUM
VSY^QRWVOUMTM^PQPPS\UROZUMNSMe[RUNSgMQQPVORUNUM^SPM[Q][MU\QWRQ[gM
PQ[^QORUNUMUMfOQPUP]OUMQMNO[RPOc]OijSMVSW[ROR]VOSWUXMNQMURPOc]OikQ[d
n


6 SROZS_
LMYSROZSMTMUMVU][UMOYQNOURUMNSMURSMUNYOWO[RPUROZSgMTMUM[O
R]UijSMROVUgMS]Mh]PNOVUgM]QMNQRQPYOWUMS]M^S[[OcOXORUMUMUR]UijSM
UNYOWO[RPUROZUgMPUjSM^QXUM]UXMRSNSMURSMUNYOWO[RPUROZSMNQZQM[QPM
YSROZUNSgMU[[OYMRQYS[M]QMSMYSROZSMTMQXQYQWRSMOWRQ\PUWRQMNSMURSd
LMYSROZSMNSMURSMUNYOWO[RPUROZSMWjSM[QMRPUN]MU^QWU[MVSYSM
]YMQXQYQWRQgMYU[MRUYcTYMVSYSM]YM^PQ[[]^S[RSMSchQROZSMNSMURSM
QYM[OgMUMYSROZUijSMNSMURSMUNYOWO[RPUROZSMRSPWS][QMPQ\PUMh]PNOVS
UNYOWO[RPUROZUMUcPO\UR~POUd
`Q[RUVU[QM]QgMNQMUVSPNSMVSYMUM;529>656:59=56;;2
:94>4;]QMVSW[O[RQMQYMQ^XOVORUPM]QMUMUNYOWO[RPUijSM^bcXOVUM
Q[RM[]hQORUMQM^U[[OZUMNQMVSWRPSXQMUNYOWO[RPUROZSMQS]Mh]NOVOUXgMNOUW
RQMNSMVSWRPSXQMNQMXQ\UXONUNQMQMXQ\OROYONUNQgMPQXUROZSMUMQO[RWVOUMQM
UM^QPROWWVOUMNS[MYSROZS[gMROVS[MQMXQ\UO[gM]QMUMNQVXUPS]MVSYSM
VU][UMNQRQPYOWUWRQM^UPUMUM^PROVUMNSMURSd
`Q[[UMYUWQOPUgMVU[SM[QhUMVSY^PSZUNUMUMWjSMSVSPPWVOUMNUM[O
R]UijSMNQVXUPUNUMVSYSMNQRQPYOWUWRQM^UPUMUM^PROVUMNSMURSgMS]MQWRjSM
UMOWUNQ]UijSMQWRPQMUM[OR]UijSMSVSPPONUMQMSMYSROZSMNQ[VPORSMWUMXQOgM
SMURSM[QPMW]XSd
MQSPOUMNS[M6 SROZS[M`QRQPYOWUWRQ[MU^XOVU[QMRUWRSMUMURS[M
ZOWV]XUNS[M]UWRSMUMURS[MNO[VPOVOSWPOS[gMYQ[YSMUS[MURS[MNO[VPO
VOSWPOS[MQYM]QMgMQYcSPUMWjSMS[[QMScPO\UR~POUgMRQWfUMfUZONSM
YSROZUijSd

Y^QPUROZONUNQ_M
aQXSMURPOc]RSMNUMOY^QPUROZONUNQMNSMURSMUNYOWO[RPUROZSgMRQYS[M
UM^S[[OcOXONUNQMNQMUMUNYOWO[RPUijSM^bcXOVUgMNQMYUWQOPUM]WOXURQPUXgM
VPOUPMScPO\UikQ[M^UPUMS[MUNYOWO[RPUNS[gMS]MQWRjSMOY^SPXfQ[MPQ[
RPOikQ[d
Y^SPRUWRQMQ[VXUPQVQPM]QMWQYMRSNS[MS[MURS[MUNYOWO[RPUROZS[M
[jSMPQZQ[RONS[MNQMOY^QPUROZONUNQgMYU[gMNUMYQ[YUMSPYUM]QMSVSP
PQMPQXUROZUYQWRQMM^PQ[]WijSMNQMXQ\OROYONUNQgMS[MURS[MUVScQPRUNS[M
^QXUMOY^QPUROZONUNQM^SNQYgMQYM^POWV^OSgM[QPMOYQNOURUYQWRQMOY
^S[RS[MUS[M^UPROV]XUPQ[MUM^UPROPMNQM[]UMQNOijSd
]RSQQV]RSPOQNUNQ_M
LMURSMUNYOWO[RPUROZSM^S[[]OMSPiUMQQV]R~POUMOYQNOURUYQWRQMUM
^UPROPMNQM[]UMQNOijSgMO[[SMSVSPPQM^SP]QMU[MNQVO[kQ[MUNYOWO[RPUROZU[M
RPUQYMQYM[OMUMSPiUMWQVQ[[POUM^UPUMUM[]UMU]RSMQQV]ijSdML[MURS[M
U]RSQQV]R~POS[M[jSMU]QXQ[M]QM^SNQYM[QPMYURQPOUXYQWRQMOY^XQ
YQWRUNS[M^QXUMUNYOWO[RPUijSgMNQMYUWQOPUMNOPQRUgMOWVX][OZQMYQNOUW
RQMSM][SMNQMSPiUgMVU[SM[QhUMWQVQ[[POSgM[QYM]QMUMNYOWO[RPUijSM
abcXOVUM^PQVO[QMNQM]YUMU]RSPOUijSMh]NOVOUXM^PTZOUd
MU]RSQQV]RSPOQNUNQMNS[MURS[MUNYOWO[RPUROZS[M]WNUYQWRU[QM
WUMWUR]PQUM^bcXOVUMNUMUROZONUNQMUNYOWO[RPUROZUgMQYMPUjSMNQ[RUgM
URQWNQWNSMSMOWRQPQ[[QM^bcXOVSgMU[[OYgMUMUV]XNUNQMNQMPQZQ[ROYQWRSM
NSMURSMUNYOWO[RPUROZSM^QXUMVUPUVRQP[ROVUMNUMU]RSQQV]ijSMNQM[Q][M
^P~^POS[MURS[M[QMYUWOQ[RUM^POWVO^UXYQWRQM^QXUM[]^PQYUVOUMNSMOW
RQPQ[[QMVSXQROZSM[ScPQMSM^UPROV]XUPd

LchQRS_
LMSchQRSMTMSM^P~^POSMVSWRQbNSMYURQPOUXMNSMURSdMLMSchQRSMNSMURSM
xrnutuzyvxyuqourmtyuspxFzmopqnoqozmopqtymrqoqvonmuqorqox{o
UMUNYOWO[RPUijSMYUWOQ[RUM[]UMZSWRUNQgMS]M[OY^XQ[YQWRQMURQ[RUM[O
R]UikQ[M^PQQO[RQWRQ[dM
`QMUVSPNSMVSYMQX[SMWRWOSMUWNQOPUMNQM6 QXXSgMSMSchQRSMNSM
URSMUNYOWO[RPUROZSMDADBBDB@]BABBDB
+,2*+,-.,5052*(-.2,'J*32(-.&/*5(.&0.%&+*32(.5(.&'+,%.~0'N+*2(
aSNQ[QMNOQPM]QMSMSchQRSMNSUMURSMUNYOWO[RPUROZSMTMUM^P~^POUM
UXRQPUijSMWUMQ[QPUMh]PNOVUM]QMSMURSM^PSZSVUgMTMSMQQORSMh]PNOVSM
OYQNOURSM]QMSMURSMQNORUNSM^PSN]d

O^OVONUNQ_M
aUPUMUMaPSdM6 UPOUMHXZOUM`OMaOQRPSgMUMRO^OVONUNQMT_MDBD
J&./,)&.v0().&.(J&.(+%*5*LJ'(J*s&.+,s,.2&'',L/&5+,'.(.3K0'(L.+,
35*+(L./',s*(%,5J,./,)(.),*.2&%&.(/J(L.(./'&+0*'.+,J,'%*5(+&L.
D@BE
cO[UWNSMUM[Q\]PUWiUMh]PNOVUMUS[MUNYOWO[RPUNS[gMSMURPOc]RSMNUM
RO^OVONUNQM\UPUWRQM]QMSMURSMUNYOWO[RPUROZSMNQZQMVSPPQ[^SWNQPMUM
swvxzovmuxnmtymomzyxlm{mpurxzom{qoqvrmtxnmtyqovrupqou
\QWRQdM

000 
eWRQWNQ[QM^SPMURPOc]RS[MNS[MURS[MUNYOWO[RPUROZS[MU[M]UXONU
NQ[MS]MVUPUVRQP[ROVU[MNS[MURS[MUNYOWO[RPUROZS[gM]YUMZQM]QMPQ
]O[ORS[MNS[MURS[MUNYOWO[RPUROZS[MVSW[ROR]QYMVSWNOikQ[M]QMNQZQYM
ScPO\URSPOUYQWRQM[QPMSc[QPZUNU[M^UPUMUM[]UMZUXONUNQgMS[MURPOc]RS[M
^SNQYM[QPMQWRQWNONS[MVSYSMU[MVUPUVRQP[ROVU[MNS[MURS[MUNYOWO[
RPUROZS[d
L[MURPOc]RS[MNS[MURS[MUNYOWO[RPUROZS[MVORUNS[M^QXS[M^POWVO^UO[M
U]RSPQ[M[jS_M^PQ[]WijSMNQMXQ\OROYONUNQMOY^QPUROZONUNQMU]RSQQ
V]RSPOQNUNQMQMRO^OVONUNQd

RS[McOWV]XUNS[MQMRS[M`O[VPOVOSWPOS[_
L[MURS[MZOWV]XUNS[M[jSMS[M]QMUMNYOWO[RPUijSMabcXOVUM^PUROVUM
[QYM]UX]QPMYUP\QYMNQMXOcQPNUNQMNQMNQVO[jSgMRQWNSMQYMZO[RUM]QM
UMXQOM^PQZOUYQWRQMNQRQPYOWS]MUMbWOVUMYQNONUM^S[[ZQXMNQM[QPMUNS
yxrxozmnvmomozmopqtswvmoxozuyx|qoqlmyuxormzpvuyxomno{mu
L[MURS[MNO[VPOVOSWPOS[M[jSMU]QXQ[M]QMUMNYOWO[RPUijSMab
cXOVUM^SNQM^PUROVUPMVSYMVQPRUMXOcQPNUNQMNQMQ[VSXfUMQMNQVO[jSgM[QY
^PQMNQWRPSMNS[MRQPYS[MQMXOYORQ[MXQ\UO[gM]UWRSMUSM[Q]MVSWRQbNSgM
[Q]MYSNSMNQMPQUXOUijSgM[]UMS^SPR]WONUNQMQMVSWZQWOWVOUMUNYO
WO[RPUROZUd
`Q[[UMYUWQOPUgMWUMQNOijSMNQM]YMURSMZOWV]XUNSMUMUNYOWO[RPU
ijSMabcXOVUMWjSMNO[^kQMNQMWQWf]YUMYUP\QYMNQMNQVO[jSgM[QWNSM]QM
SMVSY^SPRUYQWRSMUM[QPMUNSRUNSM^QXSMNYOWO[RPUNSPMQ[RMPQ\]XU
YQWRUNSMQYMXQOgMQW]UWRSMWUMQNOijSMNQM]YMURSMNO[VPOVOSWPOSgMUMXQ
\O[XUijSMS]RSP\UMUSMU\QWRQM^bcXOVSM]YUMVQPRUMYUP\QYMNQMXOcQPNUNQM
NQMQ[VSXfUgMNOUWRQMNUMUZUXOUijSMNQMS^SPR]WONUNQMQMVSWZQWOWVOUMNUM
^PUROVUMNSMURSd
Q[RQM[QWRONSgMS^SPR]WSMQ[VXUPQVQPMUMQ^PQ[[jSM! 2956
:9492>9=5FM6 TPORSMNSMURSMUNYOWO[RPUROZSMWjSMTMVSW[ONQPUNSM
PQ]O[ORSM^UPUMUMSPYUijSMNSMURSgMYU[MRQYMOY^XOVUikQ[MVSYM
SMYSROZSMQMSMSchQRSMNSMURSgMQMVSW[Q]QWRQYQWRQgMVSYMU[M[]U[M
pqtru|}mzormox{urxrmomomsppux

aPQ[]WijSMNQM9Q\OROYONUNQ_M
M^PQ[]WijSMNQMXQ\OROYONUNQgMS]MXQ\UXONUNQgMTMUMbWOVUMVUPUVRQ
P[ROVUM^PQ[QWRQMQYMRSNS[MS[MURS[MUNYOWO[RPUROZS[d
[[OYgM]YUMZQM^PUROVUNSMSMURSMUNYOWO[RPUROZSgMQXQM[QM^PQ[]YQM
XQ\ROYSMQgMQYM^POWV^OSgMU^RSM^UPUM^PSN]OPMS[MQQORS[M]QMXfQM[jSM
OWQPQWRQ[gMVUcQWNSMQWRjSMUSMUNYOWO[RPUNSMUM^PSZUMNQMQZQWR]UXMZVOSM
NSMURSgMVU[SM^PQRQWNUMZQPMUU[RUNUMUM[]UMU^XOVUijSgMNQ[[UMYUWQOPUM
mvuspxnqzomoqozyxrqoruxtymorxovmzt|qormo{mwuyunurxrmo
WjSM^PQVO[UMVSY^PSZUPMUMPQ\]XUPONUNQMNS[M[Q][MURS[d
`Q[[UMYUWQOPUgMYQ[YSM]UWNSMQOZUNSMNQMZVOS[gMSMURSMUNYO
tuzyvxyuqoxyozxoyvxovmqwx|qoqoxt{x|qoymnomsppuxo{mtxo
NQ[NQMSMYSYQWRSMNQM[]UMQNOijSgM^PSN]OWNSMPQ\]XUPYQWRQM[Q][M
QQORS[gM^SNQWNSMOWVX][OZQM[QPMQQV]RUNSMVSY^]X[SPOUYQWRQd


LM YTPORSM UNYOWO[RPUROZSM VSW[]c[RUWVOU[QgM ^SPRUWRSgM WUM
ZUXSPUijSMNS[MYSROZS[MQMWUMQ[VSXfUMNSMSchQRSMNSMURSgMQORU[M^QXUM
NYOWO[RPUijSMOWV]YcONUMNQM[]UM^PROVUM]UWNSMU]RSPOUNUMUM
NQVONOPM[ScPQMUMVSWZQWOWVOUgMS^SPR]WONUNQMQMh][ROiUMNSMURSMUM
PQUXOUPd
LM YQPQVOYQWRSM TM U[^QVRSM ^QPROWQWRQM U^QWU[M US[M URS[M
UNYOWO[RPUROZS[M ^PUROVUNS[M WSM QQPVVOSM NQM VSY^QRWVOUM
NO[VPOVOSWPOUdMS[MURS[MZOWV]XUNS[MWjSMfM]QM[QMUXUPMQYMYTPORSgM
ZO[RSM]QMRSNUMUMUR]UijSMNSMeQV]ROZSM[QMPQ[]YQMWSMURQWNOYQWRSM
NU[MOY^S[OikQ[MXQ\UO[dM]UWRSMUSMYTPORSMUNYOWO[RPUROZSMUM
NYOWO[RPUijSMNQVONQMXOZPQYQWRQgMQM[QYM^S[[OcOXONUNQMNQMVSPPQijSM
h]NOVOUXgM[UXZSM]UWNSM[Q]M^PSVQNQPMVUPUVRQPOUPMQVQ[[SMS]MNQ[ZOSM
NQM^SNQPd

yqo{urqoyqomvmuyqomoyqospxa
RSMZXONSMTMSM]QMQ[RUMQYMRSRUXMVSWSPYONUNQMVSYMSMSPNQWU
YQWRSMh]PNOVSMZO\QWRQgMURQWNQWNSMU[MQO\WVOU[MXQ\UO[MQMPQ\]XU
YQWRUPQ[MOY^S[RU[M^UPUM]QM[QhUYMZUXONUYQWRQMQNORUNU[gMWjSMVSW
RQWNSM]UX]QPMZVOSMS]MNQQORSgMOPPQ\]XUPONUNQ[MS]MOXQ\UXONUNQ[d
RSMUNYOWO[RPUROZSM^QPQORSMTMSM]UXMQ[RUM^PSWRSgMUVUcUNSgM]QM
hMQ[\SRS]MQMVSWVX]O]MSM[Q]MVOVXSgMSPUYMQU]PONU[MRSNU[MU[MQRU^U[M
NQMSPYUijSgMhMQ[\SRUPUYMRSNU[MU[MU[Q[MWQVQ[[POU[M^UPUMUM[]UM
^PSN]ijSd
yqoxrnutuzyvxyuqomspxooxm{momoomzyoruzqtm{omo
U^RSMUM^PSN]OPM[Q][MPQ\]XUPQ[MQQORS[gM[QWNSMVU^UMNQMUROW\OPM[]UM
^XQWOR]NQMQMUXVUWVQd

Q\]WNSMUMNS]RPOWUMYUhSPORUPOUMUNYOWO[RPUROZUgM^SNQYS[M
U\P]^UPMS[MURS[MUNYOWO[RPUROZS[MQYMfMVOWVSMQ[^TVOQ[_

RS[MQPUO[MQMRS[MWNOZON]UO[_
L[MURS[MUNYOWO[RPUROZS[M\QPUO[MVUPUVRQPOUY[QM^SPMWjSM^S[[]OPM
NQ[ROWURPOS[MNOPQORS[MQMNQRQPYOWUNS[gMU^PQ[QWRUYMU^QWU[M[OR]UikQ[M
WSPYUROZU[MU^XOVZQO[MUMRSNS[MS[MUNYOWO[RPUNS[MQMfO^~RQ[Q[MROVU[M
]QM[QMQW]UNPQYMWQ[[Q[MVU[S[MNQ[VPORS[MNQMSPYUMUc[RPURS[dM[
[OYgMTM^S[[ZQXMNOQPM]QMRUO[MURS[M^S[[]QYMVSYSMVUPUVRQP[ROVUMUM
\QWQPUXONUNQMQMUc[RPUijSd
L[MURS[MUNYOWO[RPUROZS[MOWNOZON]UO[M[jSMU]QXQ[M]QM^S[[]QYM
rmzyutxyvuqostx{opmvyqomormymvnutxrqovqrutrqozmzommuyqzormo
YUWQOPUMNOPQRUMQMVSWVPQRUMQMNQMSPYUMOWNOZON]UXOUNUgM[QhUMVSW[RO
R]OWNSMS]MNQVXUPUWNSM[OR]UikQ[Mh]PNOVSUNYOWO[RPUROZUM^UPROV]XU
vmzoboxyqoutruurx{oqrmoymvonotupqormzyutxyvuqoYoxyqozutw{xvo
Yoqomtyqorumvzqzormzyutxyvuqzormzrmomormymvnutxrqzomourmt
yuspxrqzoYoxyqzo{vunqz

RS[MWSPYUROZS[_
jSMU]QXQ[M]QMVSWRTYM]YMVSYUWNSM\QPUXMNSMeQV]ROZSM
ZO[UWNSMUSMV]Y^POYQWRSMNQM]YUMXQOdMaSNQYMU^PQ[QWRUP[QMVSYMUM
VUPUVRQP[ROVUMNQM\QWQPUXONUNQMQMUc[RPUijSMNQVPQRSM\QPUXM]QMPQ
\]XUYQWRUM]YUMXQOgMS]MOWNOZON]UXONUNQMQMVSWVPQijSMNQVPQRSMNQM
WSYQUijSMNQM]YM[QPZONSPdM
jSMURS[MWSPYUROZS[_MSMNQVPQRSMSMPQ\OYQWRSMQMUMPQ[SX]ijSdM
RS[MSPNOWUR~POS[_M
jSM S[M ]QM ZO[UYM UM NO[VO^XOWUPM SM ]WVOSWUYQWRSM NUM
NYOWO[RPUijSMQMUMVSWN]RUM]WVOSWUXMNQM[Q][MU\QWRQ[dMjSM
SPNOWUR~POS[MS[MURS[MUNYOWO[RPUROZS[M]QMNO[VO^XOWUYMQMPQ\PUYMSM
]WVOSWUYQWRSMNS[M~P\jS[MNUMNYOWO[RPUijSMabcXOVUMQMSPOQWRUYMS[M
PSVQNOYQWRS[MUNSRUNS[M^QXS[MU\QWRQ[M^bcXOVS[d
`QMUVSPNSMVSYMGQXHM9S^Q[MNQM6 QOPQXXQ[_MDBD
DDB{BB@DD]DDDB
L,'s*+&',L.w*,'('v0*(+&L..2w,3(.v0,.&L.,x/,+*0.&.&1'*K(%.
DBDDDBTBBB@D@BDBD
2w,3(L
eYUWUYMNSM^SNQPMfOQPP]OVSgMO[RSMTgM^SNQYM[QPMQ^QNONS[M
^SPMVfQQ[MNQM[QPZOiS[MUS[M[Q][M[]cSPNOWUNS[dM9S\SgMWjSMScPO\UYM
US[M^UPROV]XUPQ[d
jSMURS[MSPNOWUR~POS[_MU[MOW[RP]ikQ[MU[MVOPV]XUPQ[MS[MUZO[S[M
U[M^SPRUPOU[MU[MSPNQW[MNQM[QPZOiSMS[MSVOS[MQMS[MNQ[^UVfS[d

RS[MWRQPWS[MQMRS[MeRQPWS[_
RS[MUNYOWO[RPUROZS[MOWRQPWS[gM[jSMU]QXQ[MNQ[ROWUNS[MUM^PSN]
OPMQQORSM[SYQWRQMWSM8YcORSMNUMNYOWO[RPUijSMa]cXOVUgMUROW\OWNSM
NQMSPYUMNOPQRUMQMQVX][OZUM[Q][M~P\jS[MQMU\QWRQ[d
RS[MUNYOWO[RPUROZS[MQRQPWS[M[jSMS[M]QMUROW\QYMS[MVONUNjS[M
UNYOWO[RPUNS[MNQMSPYUM\QPUXgMVPOUWNSMNOPQORS[MS]MScPO\UikQ[M\Q
PUO[MS]MOWNOZON]UO[gMNQVXUPUWNSM[OR]UikQ[Mh]PNOVU[dMaUPUMQ[[Q[MURS[M
otmpmzzvuqomoxxoxol{upx|qomnounvmtzxoqspux{opqnqopqt
ru|qormouwWtpuxomomsppuxorqoxyq
RS[MOY^XQ[gMSY^XQSMQMSY^S[RS_
RSMUNYOWO[RPUROZSM[OY^XQ[MTMU]QXQM]QMNQVSPPQMNQM]YUMbWOVUM
YUWOQ[RUijSMNQMZSWRUNQgMNQM]YMbWOVSM~P\jSgM]WO^Q[[SUXMS]MYQ
NOUWRQMU^PQVOUijSMNQMVSXQ\OUNSdM[[OYgMSMURSM[OY^XQ[MQ[RUMVSY^XQ
RSM[SYQWRQMVSYMQ[[UMYUWOQ[RUijSgMWjSMNQ^QWNQWNSMNQMS]RPUgM[QhUM
VSWVSYORUWRQMS]M^S[RQPOSPgM^UPUM]QM[QhUMVSW[ONQPUNSM^QPQORSgMWjSM
NQ^QWNQWNSMUOWNUMNQMYUWOQ[RUijSMNQMS]RPS[M~P\jS[MS]MU]RSPONU
NQ[M^UPUM]QM^S[[UM^PSN]OPM[Q][MPQ\]XUPQ[MQQORS[d
RSMUNYOWO[RPUROZSMVSY^XQSMTMSM]QMWQVQ[[ORUgM^UPUM[]UMSP
YUijSMQMZUXONUNQgMNUMYUWOQ[RUijSMNQMZSWRUNQMNQMNSO[MS]MYUO[M
~P\jS[gMS]MU]RSPONUNQ[gMNOQPQWRQ[d
RSMUNYOWO[RPUROZSMVSY^S[RSMTMU]QXQMV]hSMVSWRQbNSMPQ[]XRUM
NQMYUWOQ[RUijSMNQM]YM[~M~P\jSgMYU[MUM[]UMQNOijSMS]MUM^PSN]ijSM
NQM[Q][MPQ\]XUPQ[MQQORS[MNQ^QWNQYMNQMS]RPSMURSM]QMSMU^PSZQdMM
URPOc]OijSMNQ[[QMS]RPSMURSMTM[OY^XQ[YQWRQMOW[RP]YQWRUXgMZO[UWNSM
xoxyqvuxvoxovyupxorqoxyqovutpux{oqomtyqopqtmvuvomsppuxo
UMQ[RQdM7Q[[UXRU[QM]QMSMURSMUVQ[[~POSMS]MOW[RP]YQWRUXMQYMWUNUM
UXRQPUMSMVSWRQbNSMNSMURSM^POWVO^UXd

RS[MWQ\SVOUO[_M
jSMRSNS[MU]QXQ[M]QMVSWRYM]YUMNQVXUPUijSMNQMZSWRUNQMNUM
NYOWO[RPUijSMU^RUMUMVSWVPQROUPMNQRQPYOWUNSMWQ\~VOSMh]PNOVSMS]M
UMNQQPOPMVQPRUMUV]XNUNQMUSM^UPROV]XUPgMWU[MVSWNOikQ[MOY^S[RU[MS]M
VSW[QWRONU[M^QXSMaSNQPMabcXOVSd
6 ]ORSMQYcSPUMU^PQ[QWRQYMOWRQPQ[[Q[MNQMUYcU[MU[M^UPRQ[gM
QRQPWUWNSMUMYUWOQ[RUijSMNQMZSWRUNQ[MQWRPQMUMUNYOWO[RPUijSM
QMSMUNYOWO[RPUNSgMSMURSMUNYOWO[RPUROZSMWQ\SVOUXM^S[[]OMWUR]PQUM
]WOXURQPUXgMZO[RSM]QM[jSMQNORUNS[M^QXUMNYOWO[RPUijSMabcXOVUgM[ScM
U[MWSPYU[MNSMNOPQORSM^bcXOVSgMU[[OYgMUMZSWRUNQMNSMNQ[ROWURPOSMWjSM
TMPQXQZUWRQM^UPUMUMSPYUijSMNSMURSMWQ\SVOUXgMZO[RSM]QMWQVQ[[ORUM
U^QWU[MNQM^PSZSVUijSgMQMNQ^SO[MUMUVQORUijSMNUMZSWRUNQMQRQPWUNUM
^QXSMaSNQPMabcXOVSd
jSM URS[M WQ\SVOUO[_M UMXOVQWiUMU]RSPOUijSM^QPYO[[jSM
U^PSZUijSMUNYO[[jSMfSYSXS\UijSMQMUMNO[^QW[Ud


RS[MQW]WVOUROZS[_M
qoyqrqzoxm{mzomnomoxo rnutuzyvx|qozmo{unuyxoxopmvyuspxvo
S]MUMURQ[RUPM]YMURSgMS]MQYOROPM]YUMS^OWOjSM[ScPQMNQRQPYOWUNSM
U[[]WRSgMVSW[RUWRQ[MNQMPQ\O[RPS[gM^PSVQ[[S[MQMUP]OZS[M^bcXOVS[gM
[QWNSM[QY^PQgM^SPMO[[SgMZOWV]XUNS[M]UWRSMUSMYSROZSMQMUSMVSWRQbNSd
Q\]WNSMGQXHM9S^Q[MNQM6 QOPQXXQ[MRQYS[M]QMDDBDB
DABBDBBQDDBD@DDB
B@DDA@D@D@DADDDDD
DBCBDBB@<BBDDD
BADDBqDDTDB@
ABD@@D?@DBE
jSMfgMWSMURSMQW]WVOUROZSgMSMQ[RUcQXQVOYQWRSMNQM]YUMPQXUijSM
h]PNOVUgMh][RUYQWRQM^SPMWjSMVSWRQPM]YUMYUWOQ[RUijSMNQMZSWRUNQM
NSMaSNQPMabcXOVSgMYU[M[OYMQW]WVOUWNSM]YMURSMhUMQO[RQWRQd
jSMURS[MQW]WVOUROZS[_MUMVQPRONjSMSMURQ[RUNSMQMSM^UPQVQPd
RS[M^]WOROZS[_
jSMU]QXQ[M]QMVSWRYM]YUM[UWijSMOY^S[RUM^QXUMXQOMQMU^XOVUNUM
^QXUMNYOWO[RPUijSgMZO[UWNSMUM^]WOPMU[MOWPUikQ[MUNYOWO[RPUROZU[M
QMVSWN]RU[MOPPQ\]XUPQ[MNQM[QPZONSPQ[MS]MNQM^UPROV]XUPQ[M^QPUWRQMUM
NYOWO[RPUijSd
aS[[]QYMSMSchQROZSgMNQMUVSPNSMVSYMS[MQW[OWUYQWRS[MNQMGQXHM
9S^Q[MNQM6 QOPQXXQ[MD@DTD]D@DAD
BDB@DCD@BA@BB@BDDD
D?@DBE
aSNQ[QMVSWVX]OPMQWRjSM]QMS[MURS[M^]WOROZS[M^SNQYM[QPM
QRQPWS[gM]UWNSMU^XOVUNS[MUS[MUNYOWO[RPUNS[MQMOWRQPWS[gM]UWNSM
U^XOVUNS[MUS[M[QPZONSPQ[MNUM^P~^POUMUNYOWO[RPUijSd
jSMURS[M^]WOROZS[MQRQPWS[_MY]XRUMOWRQPNOijSMNQMUROZONUNQ[M
NQ[RP]OijSMNQMVSO[U[MNQYSXOijSMUNYOWO[RPUROZUMUMVU[[UijSMQMSM
pqtszpq
jSMURS[M^]WOROZS[MOWRQPWS[_MSMUU[RUYQWRSM^PQZQWROZSMNQM
[QPZONSPMOWZQ[RO\UNSMUNZQPRQWVOUM[][^QW[jSMNQYO[[jSMQMUM
VU[[UijSMNQMU^S[QWRUNSPOUd
#$00 
LMURSMUNYOWO[RPUROZSMZO\QWRQM^QPYUWQVQPM^PSN]OWNSM[Q][M
QQORS[MWSMY]WNSMh]PNOVSMURTM]QMUX\SMVU^UM[QMUXRQPUPMQ[[UMVSW
NOijSMSVSPPUdM5YUMZQM^]cXOVUNSMQgMQOZUNSMNQMS]MWjSgMRQPM^XQWUM
ZO\WVOUMQMNQZQPUM[QPMV]Y^PONSgMQYMURQWNOYQWRSMUSMURPOc]RSMNUM
^PQ[]WijSMNQMXQ\OROYONUNQgMURTMSMYSYQWRSMQYM]QMSVSPPUMSPYUX
YQWRQMUM[]UMQROWijSd
LMNQ[UOYQWRSMNSMURSMUNYOWO[RPUROZSM^SNQPM[QPMPQ[]XRUWRQM
NSMPQVSWfQVOYQWRSMNQM[]UMOXQ\OROYONUNQgMNQMZVOS[MQYM[]UMSPYU
ijSgMS]MQWRjSM^SNQPM[QPMNQVXUPUNUMUMUXRUMNQMWQVQ[[ONUNQMNQM[]UM
ZUXONUNQd
[[OYgMSMURSMUNYOWO[RPUROZSMTMVSW[ONQPUNSMQROWRSM]UWNSM
SVSPPQPMU[M^POWVO^UO[MSPYU[MNQMQROWijS_M7QZS\UijSgMW]XUijSMQM
U[[UijSd
7QZS\UijS_
MPQZS\UijSMTMYSNUXONUNQMNQMQROWijSMNQMURSMUNYOWO[RPUROZSM
]QMSVSPPQM^SPMPUkQ[MNQMS^SPR]WONUNQMQMVSWZQWOWVOUdMMNYOWO[
RPUijSMabcXOVUM^SNQMPQZS\UPM]YMURSM]UWNSMQWRQWNQPM]QgMQYcSPUM
[QMRPURQMNQM]YMURSMZXONSgM]QMURQWNUMUMRSNU[MU[M^PQ[VPOikQ[MXQ\UO[gM
WjSMQ[RMNQMUVSPNSMVSYgMS]MWjSMURQWNQMUNQ]UNUYQWRQMUSMOWRQPQ[[QM
^bcXOVSMWSMVU[SMVSWVPQRSdM
[[OYgMRQYS[M]QMUMPQZS\UijSMTMUMPQROPUNUgMNSMY]WNSMh]PNOVSgM
NQM]YMURSMZXONSgMYU[M]QgM^SPMYSROZS[MNQMS^SPR]WONUNQMQMVSWZQ
WOWVOUMNO[VPOVOSWUPOQNUNQMUNYOWO[RPUROZUgMRSPWS][QMOWS^SPR]WSM
S]MOWVSWZQWOQWRQMUM[]UMYUW]RQWijSd


Y^SPRUWRQMQ[VXUPQVQPM]QMUMYQNONUMNQMPQZS\UijSMNQMURSMUN
YOWO[RPUROZSMTMURSMQVX][OZSMQM^POZUROZSMNUMNYOWO[RPUijSMabcXOVUM
]QM^PUROVS]MSMURSMPQZS\UNSdM[[OYgMSMaSNQPM
]NOVOPOSMQYMfO^~
RQ[QMUX\]YUM^SNQPMPQZS\UPM]YMURSMUNYOWO[RPUROZSMQNORUNSM^QXSM
aSNQPMeQV]ROZSMS]MaSNQPM9Q\O[XUROZSdMUXMOY^S[OijSMNQVSPPQMNSM
aPOWV^OSMNUM]RSR]RQXUMNSMe[RUNSMQYMPQZS\UPM[Q][M^P~^POS[MURS[gM
NQMUVSPNSMVSYM[]UMZSWRUNQd
LMURSMPQZS\UR~POSMWjSMPQRPSU\QM^UPUMUROW\OPMQQORS[M^U[[UNS[M
NSMURSMPQZS\UNSgMU^QWU[MOY^QNOWNSM]QMQ[RQMVSWROW]QMUM[]PROPMQQO
RS[gMU[[OYgMRQYS[M]QMUMPQZS\UijSMNSMURSMUNYOWO[RPUROZSMS^QPUMVSYM
SMQQORSMDqES]M[QhUgMS[MQQORS[MNUMPQZS\UijSMWjSMPQRPSU\QYgM
^U[[UWNSMUM\QPUPM[Q][MPQ\]XUPQ[MQQORS[MUM^UPROPMNSMURSMPQZS\UR~POSd
W]XUijS_
MW]XUijSMSVSPPQM]UWNSM]YMURSMUNYOWO[RPUROZSMQ[ROZQPMQOZUNSM
NQMZVOS[gMPQXUROZS[MUMXQ\UXONUNQMS]MXQ\OROYONUNQdMaSNQMUMNYOWO[
RPUijSMUW]XXSMNQMSVOSMS]M^SPM^PSZSVUijSMNQMRQPVQOPSgMS]MQWRjSM
^SNQMSMh]NOVOPOSMUW]XXSMRUYcTYgMQWRPQRUWRSMWjSM^SNQMU\OPMNQM
qspuqormmoxwxvrxvovqqx|qo
Q]MVSWRPSXQMNQMXQ\OROYONUNQMS]MXQ\UXONUNQMNQZQPMSVSPPQPMQYM
[]UMSPYUgMW]WVUMQYMPQXUijSMUSMYTPORSMNSMURSMUNYOWO[RPUROZSd
5YMZVOSMNQMXQ\UXONUNQMS]MXQ\OROYONUNQM^SNQM[QPM[UWZQXMS]M
utzxtm{ozzunoxtrqozmomvuspxvomoyvxyxFzmormonopuqout
[UWZQXgMUMUW]XUijSMNSMURSMNQZQM[QPMScPO\UR~POUgMQWRPQRUWRSgM]UWNSM
[QMRPURUPMNQM]YMZVOSM[UWZQXgMSMURSM^SNQPM[QPMUW]XUNSMS]MVSWZUXO
NUNSgMNQMUVSPNSMVSYMUMNO[VPOVOSWUPOQNUNQMOY^S[RUMMNYOWO[RPUijSM
abcXOVUgM]QMOPMQQR]UPM]YMh]OSMNQMS^SPR]WONUNQMQMVSWZQWOWVOUM
NUMYUW]RQWijSMNS[MQQORS[MNSMURSMUNYOWO[RPUROZSd
MUW]XUijSMU\QMPQRPSUROZUYQWRQgMS]M[QhUgMRSNS[MS[MQQORS[M^PS
ZSVUNS[M^QXSMURSMUW]XUNSMRUYcTYM[jSMW]XS[gMNUM[]P\QMSMNQWSYO
WUNSMQQORSMDqEmozuwtuspxorumvozyxnmtymomopqnoxo
UW]XUijSgMS[MQQORS[MNSMURSMPQRPSU\QMNQ[NQMUM[]UMSPO\QYd
U[[UijS_M
Coxomyut|qorqoxyqoxrnutuzyvxyuqoxtrqoqozmolmtmspuvuqo
tqopnvuosm{nmtymoqzovmuzuyqzomormmvuxomvnxtmpmvo
V]Y^POWNSgMVSYSMSPYUMNQMQO\WVOUM^UPUMUMYUW]RQWijSMNSMURSMQM
NQM[Q][MPQ\]XUPQ[MQQORS[Mh]PNOVS[dM
MU[[UijSM^SNQM[QPMRUYcTYMQWRQWNONUMVSYSMSPYUMNQM[UW
ijSM^UPUMSM^UPROV]XUPM]QMWjSMV]Y^PO]MU[MQO\WVOU[M^PTMQ[RUcQXQVO
NU[M^UPUMUMYUW]RQWijSMNQM]YMNQRQPYOWUNSMURSd
#$00 
QYS[MVSYSMPQ\PUM\QPUXM]QgMS[MURSMUNYOWO[RPUROZS[M]UWNSM
QOZUNS[MNQMZVOS[MNQMXQ\UXONUNQMS]MXQ\OROYONUNQMNQZQYM[QPMUW]
XUNS[dMeWRPQRUWRSgMUX\]YU[MfO^~RQ[Q[MNQMZOVOS[MNQMXQ\UXONUNQMNjSM
SPO\QYMUMURS[MUNYOWO[RPUROZS[MYQPUYQWRQMUW]XZQO[gMS]M[QhUgMURS[M
]QgMUMVPORTPOSMNUMNYOW[RPUijSMabcXOVUM^SNQPjSM[QPMUW]XUNS[MS]M
QWRjSMVSWZUXONUNS[d
`Q[RUMSPYUgMVSWZUXONUPM]YMURSMUNYOWO[RPUROZSMTMVSPPO\OXSMS]M
PQ\]XUPOXSgMNQ[NQM]QMWjSMUVUPPQRQYMXQ[jSMS[MOWRQPQ[[QM^bcXOVSM
tmnonmznqovmqoxoymvpmuvqoxzzunomvuspxrqzoxzopqtru|}mzo
UVOYUgMS[MURS[M]QMU^PQ[QWRUPQYMNQQORS[M[UWZQO[gMS]M^U[[OZQO[M
NQMVSPPQijSgM^SNQPjSM[QPMVSWZUXONUNS[M^QXUMaP~^POUMNYOWO[RPUijSM
abcXOVUd
QYS[gM^SPRUWRSgM]QM^UPUMUM^S[[OcOXONUNQMNQMVSWZUXONUijSMNQM
URSMUNYOWO[RPUROZSgMTMWQVQ[[POSMURQWNQPMU[M[Q\]OWRQ[MVSWNOikQ[_
MMLMNQQORSM[QhUM[UWZQX
MMLMURSMVSWZUXONUNSMWjSM^SNQPMUVUPPQRUPMXQ[jSMUSMOWRQPQ[[QM
^bcXOVS


MMLMURSMVSWZUXONUNSMWjSM^SNQPMUVUPPQRUPM^PQh]S[MUMRQPVQOPS[d
aSPMNQQORS[M[UWZQO[MRQYS[MU]QXQ[MV]hS[MZVOS[M[jSMPQXUROZS[M
MVSY^QRWVOUM]UWRSMM^Q[[SUM]QMQNORS]MSMURSgMNQ[NQM]QMWjSM[QM
RPURQMNQMfO^~RQ[QMNQMVSY^QRWVOUMQVX][OZUgMQMUOWNUM]UWNSMSVSPPQPM
ZVOSM]UWRSMUMSPYUgMNQ[NQM]QMUMXQOMWjSMVSW[ONQPQMUMSPYUM]YM
QXQYQWRSMNSMURSMQ[[QWVOUXMMZUXONUNQMNSMYQ[YSd
MVSWZUXONUijSM^SNQMOWVONOPM[ScPQMURS[MZOWV]XUNS[MQMURS[MNO[
VPOVOSWPOS[gM^SO[MWjSM[QMRPURUMNQMVSWRPSXQMNQMYTPORSgMYU[M[OYMNQM
XQ\UXONUNQMQMXQ\OROYONUNQgMPQXUROZS[MUMZVOS[MNSMURSMUNYOWO[RPUROZSM
V]hUMUWXO[QMPQVUOM[ScPQMS[MQXQYQWRS[MNQMVSY^QRWVOUMQM
SPYUgM^SO[gMVU[SMUMUWUXO[QMS[[QMQORUM[ScPQMS[MQXQYQWRS[MNQMYS
ROZSMS]MSchQRSgMSMVSWRPSXQM[QPOUMWSMYTPORSMUNYOWO[RPUROZSMNSMURSd

F6JK6I6FEE6J6EEEEF
[MNO[^S[OikQ[MPQQPQWRQ[MUS[M[QPZONSPQ[M^bcXOVS[MVOZO[MQYM
Q[QPUMQNQPUXMQ[RjSM^PQZO[RU[MWUM9QOMQNQPUXMWM2d001egMV]hUM
XQOR]PUMURQWRUMTMNQM[]YUMOY^SPR8WVOUM^UPUMUMVSY^XQYQWRUijSMNS[M
Q[R]NS[gMVSWSPYQM[Q\]QMSMRQRSMXQ\UXMQYM[]UMWRQ\PUd
34U1112 7
1
`O[^kQM[ScPQMSMPQ\OYQMh]PNOVSMNS[M[QPZONSPQ[M^bcXOVS[MVOZO[M
NUM5WOjSgMNU[MU]RUP]OU[MQMNU[M]WNUikQ[M^bcXOVU[MQNQPUO[d

753146107 30UiSM[UcQPM]QMSM

SW\PQ[[SMUVOSWUXNQVPQRUMQMQ]M[UWVOSWSMUM[Q\]OWRQM9QO_
73856K
G>3856h495
>6959;62;89:94>2;

MMUMWUVOSWUXONUNQMcPU[OXQOPUM
MMSM\SSMNS[MNOPQORS[M^SXROVS[M
MMUM]ORUijSMVSYMU[MScPO\UikQ[MYOXORUPQ[MQMQXQORSPUO[M
cMMSMWZQXMNQMQ[VSXUPONUNQMQO\ONSM^UPUMSMQQPVVOSMNSMVUP\SM
cMMUMONUNQMYWOYUMNQMNQSORSMUWS[M
cMMU^RONjSM[OVUMQMYQWRUXdM
M0Sozoxyvulu|}mzorqopxvwqoqrmnozyuspxvoxomuwWtpuxormo
S]RPS[MPQ]O[ORS[MQ[RUcQXQVONS[MQYMXQOdM
MSozomzzqxzoqvyxrqvxzormormspuWtpuxooxzzmwvxrqoqo
NOPQORSMNQM[QMOW[VPQZQPMQYMVSWV]P[SM^bcXOVSM^UPUM^PSZOYQWRSMNQM
pxvwqopxzoxyvulu|}mzozmxnopqnxymuzopqnoxormspuWtpuxormo
]QM[jSM^SPRUNSPU[M^UPUMRUO[M^Q[[SU[M[QPjSMPQ[QPZUNU[MURTMe M
ZOWRQM^SPMVQWRSMNU[MZU\U[MSQPQVONU[MWSMVSWV]P[SdM
M6Sozotumvzurxrmzomoutzyuyu|}mzormomzuzxopumtyspxomo
RQVWSX~\OVUMQNQPUO[M^SNQPjSM^PSZQPM[Q][MVUP\S[MVSYM^PSQ[[SPQ[gM
RTVWOVS[MQMVOQWRO[RU[MQ[RPUW\QOPS[gMNQMUVSPNSMVSYMU[MWSPYU[MQMS[M
^PSVQNOYQWRS[MNQ[RUM9QOF6
PRdMSMLM^PSZOYQWRSMNS[MVUP\S[M^bcXOVS[MUP[QMYQNOUWRQM
URSMNUMU]RSPONUNQMVSY^QRQWRQMNQMVUNUMaSNQPdM
PRdM7SMMOWZQ[RON]PUMQYMVUP\SM^bcXOVSMSVSPPQPMVSYMUM^S[[QdM
PRdM2SMjSMSPYU[MNQM^PSZOYQWRSMNQMVUP\SM^bcXOVS_M
MMWSYQUijSM
MM^PSYSijSM
M7QZS\UNSM^QXUM9QOMWM1df7gMNQM0ed0d17
cM7QZS\UNSM^QXUM9QOMWM1df7gMNQM0ed0d17M
cMMPQUNU^RUijSM
cMMPQZQP[jSM
cMMU^PSZQORUYQWRSM
cMMPQOWRQ\PUijSM
MMPQVSWN]ijSd
<;56KK
>6I5:;>5

PRdM0SMe[RUM9QOMOW[ROR]OMSM7Q\OYQM
]PNOVSMNS[MQPZONSPQ[M
abcXOVS[MOZO[MNUM5WOjSgMNU[MU]RUP]OU[gMOWVX][OZQMU[MQYMPQ\OYQM
Q[^QVOUXgMQMNU[M]WNUikQ[M^bcXOVU[MQNQPUO[d
PRdMSMaUPUMS[MQQORS[MNQ[RUM9QOgM[QPZONSPMTMUM^Q[[SUMXQ\UXYQWRQM
OWZQ[RONUMQYMVUP\SM^bcXOVSd
PRdM6SMUP\SM^bcXOVSMTMSMVSWh]WRSMNQMURPOc]OikQ[MQM
PQ[^SW[UcOXONUNQ[M^PQZO[RU[MWUMQ[RP]R]PUMSP\UWOUVOSWUXM]QMNQZQYM
[QPMVSYQRONU[MUM]YM[QPZONSPdM
aUP\PUSMbWOVSdML[MVUP\S[M^bcXOVS[gMUVQ[[ZQO[MUMRSNS[M
S[McPU[OXQOPS[gM[jSMVPOUNS[M^SPMXQOgMVSYMNQWSYOWUijSM^P~^POUMQM
ZQWVOYQWRSM^U\SM^QXS[MVSPQ[M^bcXOVS[gM^UPUM^PSZOYQWRSMQYM
VUPRQPMQQROZSMS]MQYMVSYO[[jSdM
PRdMSoCovqulurxoxovmzyx|qormozmvu|qzowvxyuyqzozx{qoqzo
VU[S[M^PQZO[RS[MQYMXQOdM
73856KK
5625=9:;456 >49>6;:556;9293956;6
<39395
G>3856K
5625=9:;45
<;56K
959;6;2>9

PRdM1SMMWSYQUijSMUP[Q_M
MMQYMVUPRQPMQQROZSgM]UWNSM[QMRPURUPMNQMVUP\SMO[SXUNSMNQM
^PSZOYQWRSMQQROZSMS]MNQMVUPPQOPUM
MMQYMVSYO[[jSgMOWVX][OZQMWUMVSWNOijSMNQMOWRQPOWSgM^UPUM
pxvwqzormopqtsxt|xoxwqzo
aUP\PUSMbWOVSdMLM[QPZONSPMSV]^UWRQMNQMVUP\SMQYMVSYO[[jSM
S]MNQMWUR]PQUMQ[^QVOUXM^SNQPM[QPMWSYQUNSM^UPUMRQPMQQPVVOSgM
utymvutxnmtymomnoqyvqopxvwqormopqtsxt|xozmnovmqorxzo
URPOc]OikQ[MNSM]QMUR]UXYQWRQMSV]^UgMfO^~RQ[QMQYM]QMNQZQPMS^RUPM
^QXUMPQY]WQPUijSMNQM]YMNQXQ[MN]PUWRQMSM^QPSNSMNUMOWRQPOWONUNQdM
PRdM0edMMWSYQUijSM^UPUMVUP\SMNQMVUPPQOPUMS]MVUP\SMO[SXUNSM
NQM^PSZOYQWRSMQQROZSMNQ^QWNQMNQM^PTZOUMfUcOXORUijSMQYMVSWV]P[SM
^bcXOVSMNQM^PSZU[MS]MNQM^PSZU[MQMRR]XS[gMScQNQVONS[MUMSPNQYMNQM
p{xzzuspx|qomoqovxqormozxox{urxrmo
aUP\PUSMbWOVSdML[MNQYUO[MPQ]O[ORS[M^UPUMSMOW\PQ[[SMQMSM
NQ[QWZSXZOYQWRSMNSM[QPZONSPMWUMVUPPQOPUgMYQNOUWRQM^PSYSijSgM
zmvqomzyxlm{mpurqzom{xo{muomosxvoxzoruvmyvumzorqozuzymnxormo
VUPPQOPUMWUMNYOWO[RPUijSMabcXOVUMQNQPUXMQM[Q][MPQ\]XUYQWRS[d
<;56KKK
56G543256895

PRdMfSMjSMPQ]O[ORS[Mc[OVS[M^UPUMOWZQ[RON]PUMQYMVUP\SM
^bcXOVS_M


PRdM00dMLMVSWV]P[SM[QPMNQM^PSZU[MS]MNQM^PSZU[MQMRR]XS[gM
^SNQWNSM[QPMPQUXOUNSMQYMN]U[MQRU^U[gMVSWSPYQMNO[^][QPQYMUMXQOM
QMSMPQ\]XUYQWRSMNSMPQ[^QVROZSM^XUWSMNQMVUPPQOPUgMVSWNOVOSWUNUMUM


utzpvu|qorqopxtrurxyqoxqoxwxnmtyqorqox{qvosxrqotqomruyx{o
]UWNSMOWNO[^QW[ZQXMUSM[Q]MV][RQOSgMQMPQ[[UXZUNU[MU[MfO^~RQ[Q[MNQM
O[QWijSMWQXQMQ^PQ[[UYQWRQM^PQZO[RU[dM
PRdM0dMLMVSWV]P[SM^bcXOVSMRQPMZUXONUNQMNQMURTMMNSO[MUWS[gM
^SNQWNSM[QPM^PSPPS\UNSM]YUMbWOVUMZQgM^SPMO\]UXM^QPSNSd
M0SMLM^PUSMNQMZUXONUNQMNSMVSWV]P[SMQMU[MVSWNOikQ[MNQM[]UM
vmx{ux|qozmvqosxrqzomnomruyx{omozmvol{upxrqotqoOuvuqo
bspux{orxotuqomomnoqvtx{oruvuqormowvxtrmopuvp{x|qo
MSMjSM[QMUcPOPMWSZSMVSWV]P[SMQW]UWRSMfS]ZQPMVUWNONURSM
U^PSZUNSMQYMVSWV]P[SMUWRQPOSPMVSYM^PUSMNQMZUXONUNQMWjSM
Q^OPUNSdM
<;56K
>65;6;656J;295
PRdM06dMM^S[[QMNUP[QM^QXUMU[[OWUR]PUMNSMPQ[^QVROZSM
RQPYSgMWSM]UXMNQZQPjSMVSW[RUPMU[MURPOc]OikQ[gMS[MNQZQPQ[gMU[M
PQ[^SW[UcOXONUNQ[MQMS[MNOPQORS[MOWQPQWRQ[MUSMVUP\SMSV]^UNSgM]QM
WjSM^SNQPjSM[QPMUXRQPUNS[M]WOXURQPUXYQWRQgM^SPM]UX]QPMNU[M^UPRQ[gM
PQ[[UXZUNS[MS[MURS[MNQMSVOSM^PQZO[RS[MQYMXQOdM
M0SMM^S[[QMSVSPPQPMWSM^PUSMNQMRPOWRUMNOU[MVSWRUNS[MNUM
^]cXOVUijSMNSMURSMNQM^PSZOYQWRSd
MSMeYM[QMRPURUWNSMNQM[QPZONSPgM]QMQ[RQhUMWUMNURUMNQM
^]cXOVUijSMNSMURSMNQM^PSZOYQWRSgMQYMXOVQWiUM^PQZO[RUMWS[MOWVO[S[M
gMMQMcMNSMUPRdM20gMS]MUU[RUNSMWU[MfO^~RQ[Q[MNS[MOWVO[S[MgMcgMcgM
cgMUXWQU[M9UBgM9cBgM9NBgM9QBMQM9BgMMQMMNSMUPRdM0egMSM^PUSM
[QPMVSWRUNSMNSMRTPYOWSMNSMOY^QNOYQWRSd
M6SooqzzmoqrmvorxvFzmonmruxtymovqpvx|qomzmpspxo
MSM~MfUZQPM^S[[QMWS[MVU[S[MNQM^PSZOYQWRSMNQMVUP\SM^SPM
WSYQUijSd
MfSMSMURSMNUM^S[[QgMSM[QPZONSPMU^PQ[QWRUPMNQVXUPUijSMNQM
cQW[MQMZUXSPQ[M]QMVSW[ROR]QYM[Q]M^URPOYWOSMQMNQVXUPUijSM]UWRSM
USMQQPVVOSMS]MWjSMNQMS]RPSMVUP\SgMQY^PQ\SMS]M]WijSM^bcXOVUdM
MSMQPMRSPWUNSM[QYMQQORSMSMURSMNQM^PSZOYQWRSM[QMUM^S[[QM
WjSMSVSPPQPMWSM^PUSM^PQZO[RSMWSMM0SMNQ[RQMUPRO\SdM
PRdM0dMM^S[[QMQYMVUP\SM^bcXOVSMNQ^QWNQPMNQM^PTZOUM
utzm|qonrupxoqspux{o
aUP\PUSMbWOVSdM~M^SNQPM[QPMQY^S[[UNSMU]QXQM]QMSPM
h]X\UNSMU^RSM[OVUMQMYQWRUXYQWRQM^UPUMSMQQPVVOSMNSMVUP\SdM
PRdM0fdMeQPVVOSMTMSMQQROZSMNQ[QY^QWfSMNU[MURPOc]OikQ[MNSM
pxvwqol{upqoqorxot|qormopqtsxt|x
M0SoCormoutmoruxzoqovxqoxvxoqozmvurqvomnqzzxrqomno
VUP\SM^bcXOVSMQWRPUPMQYMQQPVVOSgMVSWRUNS[MNUMNURUMNUM^S[[Qd
MSMLM[QPZONSPM[QPMQSWQPUNSMNSMVUP\SMS]M[QPMRSPWUNSM[QYM
mmuyqoqoxyqormozxormzuwtx|qoxvxot|qormopqtsxt|xozmotqo
QWRPUPMQYMQQPVVOSMWS[M^PUS[M^PQZO[RS[MWQ[RQMUPRO\SgMSc[QPZUNSMSM
NO[^S[RSMWSMUPRdM02d
M6SMMU]RSPONUNQMVSY^QRQWRQMNSM~P\jSMS]MQWRONUNQM^UPUMSWNQM
SPMWSYQUNSMS]MNQ[O\WUNSMSM[QPZONSPMVSY^QRQMNUPXfQMQQPVVOSd
MSoboutpuqorqommvppuqormot|qormopqtsxt|xopqutpuruvo
VSYMUMNURUMNQM^]cXOVUijSMNSMURSMNQMNQ[O\WUijSgM[UXZSM]UWNSMSM
[QPZONSPMQ[ROZQPMQYMXOVQWiUMS]MUU[RUNSM^SPM]UX]QPMS]RPSMYSROZSM
XQ\UXgMfO^~RQ[QMQYM]QMPQVUOPMWSM^POYQOPSMNOUMbROXMU^~[MSMRTPYOWSMNSM
OY^QNOYQWRSgM]QMWjSM^SNQPMQVQNQPMUMRPOWRUMNOU[MNUM^]cXOVUijSd
PRdM0dMLMOWVOSgMUM[][^QW[jSgMUMOWRQPP]^ijSMQMSMPQOWVOSMNSM
QQPVVOSM[QPjSMPQ\O[RPUNS[MWSMU[[QWRUYQWRSMOWNOZON]UXMNSM[QPZONSPdM
aUP\PUSM bWOVSdM SM QWRPUPM QYM QQPVVOSgM SM [QPZONSPM
U^PQ[QWRUPMUSM~P\jSMVSY^QRQWRQMS[MQXQYQWRS[MWQVQ[[POS[MUSM[Q]M
U[[QWRUYQWRSMOWNOZON]UXdM


PRdM07dMM^PSYSijSMWjSMOWRQPPSY^QMSMRQY^SMNQMQQPVVOSgM]QM
TMVSWRUNSMWSMWSZSM^S[OVOSWUYQWRSMWUMVUPPQOPUMUM^UPROPMNUMNURUMNQM
^]cXOVUijSMNSMURSM]QM^PSYSZQPMSM[QPZONSPd
PRdM02dMLM[QPZONSPM]QMNQZUMRQPMQQPVVOSMQYMS]RPSMY]WOV^OSM
QYMPUjSMNQMRQPM[ONSMPQYSZONSgMPQNO[RPOc]NSgMPQ]O[ORUNSgMVQNONSM
S]M^S[RSMQYMQQPVVOSM^PSZO[~POSMRQPgMWSMYWOYSgMNQMQgMWSM
YOYSgMRPOWRUMNOU[MNQM^PUSgMVSWRUNS[MNUM^]cXOVUijSMNSMURSgM
^UPUMUMPQRSYUNUMNSMQQROZSMNQ[QY^QWfSMNU[MURPOc]OikQ[MNSMVUP\SgM
OWVX]NSMWQ[[QM^PUSMSMRQY^SMWQVQ[[POSM^UPUMSMNQ[XSVUYQWRSM^UPUM
UMWSZUM[QNQd
M0SMUMfO^~RQ[QMNQMSM[QPZONSPMQWVSWRPUP[QMQYMXOVQWiUM
S]MUU[RUNSMXQ\UXYQWRQgMSM^PUSMUM]QM[QMPQQPQMQ[RQMUPRO\SM[QPM
VSWRUNSMUM^UPROPMNSMRTPYOWSMNSMOY^QNOYQWRSd
MSoCoxp{yxrqoxqozmvurqvormp{utxvorqzovxqzomzyxlm{mpurqzo
WSd
vyoobzozmvurqvmzopnvuvqoqvtxrxormoyvxlx{qosxrxo
QYMPUjSMNU[MURPOc]OikQ[M^QPROWQWRQ[MUS[MPQ[^QVROZS[MVUP\S[gM
PQ[^QORUNUMUMN]PUijSMYOYUMNSMRPUcUXfSM[QYUWUXMNQM]UPQWRUM
fSPU[MQMSc[QPZUNS[MS[MXOYORQ[MYWOYSMQMYOYSMNQM[QO[MfSPU[MQM
SORSMfSPU[MNOPOU[gMPQ[^QVROZUYQWRQdM
M0Soboqpxtymormopxvwqomnopqnuzzqoqot|qormopqtsxt|xo
[]cYQRQ[QMUMPQ\OYQMNQMOWRQ\PUXMNQNOVUijSMUSM[QPZOiSgMSc[QPZUNSM
SMNO[^S[RSMWSMUPRdM0egM^SNQWNSM[QPMVSWZSVUNSM[QY^PQM]QMfS]ZQPM
OWRQPQ[[QMNUMNYOWO[RPUijSd
MSMLMNO[^S[RSMWQ[RQMUPRO\SMWjSM[QMU^XOVUMUMN]PUijSMNQMRPUcUXfSM
Q[RUcQXQVONUMQYMXQO[MQ[^QVOUO[dM
PRdMedMSMQWRPUPMQYMQQPVVOSgMSM[QPZONSPMWSYQUNSM^UPUM
pxvwqormovqunmtyqommyuqospxvozmuyqoxomzywuqovqlxyvuqoqvo
^QPSNSMNQMMZOWRQMQM]URPSMYQ[Q[gMN]PUWRQMSM]UXMUM[]UMU^RONjSMQM
VU^UVONUNQM[QPjSMSchQRSMNQMUZUXOUijSM^UPUMSMNQ[QY^QWfSMNSMVUP\SgM
Sc[QPZUNS[MS[M[Q\]OWRQMURSPQ[_M2 
MMU[[ON]ONUNQM
MMNO[VO^XOWUM
MMVU^UVONUNQMNQMOWOVOUROZUM
cMM^PSN]ROZONUNQM
cMPQ[^SW[UcOXONUNQdM
M0Sooxyvqonmzmzoxtymzormostrqoqomvqrqorqomzywuqo
^PScUR~POSgM [QPM []cYQRONUM M fSYSXS\UijSM NUM U]RSPONUNQM
VSY^QRQWRQMUMUZUXOUijSMNSMNQ[QY^QWfSMNSM[QPZONSPgMPQUXOUNUM^SPM
pqnuzzqopqtzyuyrxoxvxomzzxostx{urxrmormoxpqvrqopqnoqomo
NO[^][QPMUMXQOMS]MSMPQ\]XUYQWRSMNUMPQ[^QVROZUMVUPPQOPUMS]MVUP\SgM
[QYM^PQh]SMNUMVSWROW]ONUNQMNQMU^]PUijSMNS[MURSPQ[MQW]YQPUNS[M
WS[MOWVO[S[MMUMcMNSMVU^]RMNQ[RQMUPRO\Sd
MSMLM[QPZONSPMWjSMU^PSZUNSMWSMQ[R\OSM^PScUR~POSM[QPM
QSWQPUNSMS]gM[QMQ[RZQXgMPQVSWN]ONSMUSMVUP\SMUWRQPOSPYQWRQM
SV]^UNSgMSc[QPZUNSMSMNO[^S[RSMWSM^UP\PUSMbWOVSMNSMUPRdM1dM
M6SMLM[QPZONSPMQYMQ[R\OSM^PScUR~POSM^SNQPMQQPVQPM]UO[]QPM
pxvwqzormovqunmtyqomnopqnuzzqoqot|}mzormoruvm|qopmsxo
S]MU[[Q[[SPUYQWRSMWSM~P\jSMS]MQWRONUNQMNQMXSRUijSgMQM[SYQWRQM
^SNQPM[QPMVQNONSMUMS]RPSM~P\jSMS]MQWRONUNQM^UPUMSV]^UPMVUP\S[MNQM
UR]PQUMe[^QVOUXgMVUP\S[MNQM^PSZOYQWRSMQYMVSYO[[jSMNSMP]^S
`OPQijSMQM[[Q[[SPUYQWRSM]^QPOSPQ[MM`gMNQMWZQO[MgMfMQMgMS]M
Q]OZUXQWRQ[dM
MSMSM[QPZONSPMQYMQ[R\OSM^PScUR~POSM[SYQWRQM^SNQPjSM[QPM
VSWVQNONU[MU[MXOVQWiU[MQMS[MUU[RUYQWRS[M^PQZO[RS[MWS[MUPR[dM20gM
OWVO[S[MMUMcgM1gM1fMQM1gMcQYMU[[OYMUU[RUYQWRSM^UPUM^UPROVO^UPM
NQMV]P[SMNQMSPYUijSMNQVSPPQWRQMNQMU^PSZUijSMQYMVSWV]P[SM^UPUM
S]RPSMVUP\SMWUMNYOWO[RPUijSMabcXOVUMQNQPUXdM


MfSobomzywuqovqlxyvuqospxvozzmtzqorvxtymoxzo{upmt|xzomo
S[MUU[RUYQWRS[M^PQZO[RS[MWS[MUPR[dM26gM2gMM0SgM2MQM1gMcQYMU[[OYM
WUMfO^~RQ[QMNQM^UPROVO^UijSMQYMV]P[SMNQMSPYUijSgMQM[QPMPQRSYUNSM
UM^UPROPMNSMRTPYOWSMNSMOY^QNOYQWRSd
<;56
>6J>989>;
PRdM0dMLM[QPZONSPMfUcOXORUNSMQYMVSWV]P[SM^bcXOVSMQM
QY^S[[UNSMQYMVUP\SMNQM^PSZOYQWRSMQQROZSMUN]OPOPMQ[RUcOXONUNQM
WSM[QPZOiSM^bcXOVSMUSMVSY^XQRUPMMNSO[MUWS[MNQMQQROZSMQQPVVOSdM
^PUSM6MUWS[MMZONQMe6 MWM01
PRdMdMLM[QPZONSPMQ[RZQXM[~M^QPNQPMSMVUP\SMQYMZOPR]NQM
NQM[QWRQWiUMh]NOVOUXMRPUW[ORUNUMQYMh]X\UNSMS]MNQM^PSVQ[[SM
UNYOWO[RPUROZSMNO[VO^XOWUPMWSM]UXMXfQM[QhUMU[[Q\]PUNUMUY^XUM
NQQ[UdM
<;56 K
>672>4;249>
PRdM6dM7QZS\UNSM^QXUM9QOMWM1df7gMNQM0ed0d17
<;56 KK
>6;>>>5
PRdMdM7QUNU^RUijSMTMUMOWZQ[RON]PUMNSM[QPZONSPMQYMVUP\SMNQM
URPOc]OikQ[MQMPQ[^SW[UcOXONUNQ[MVSY^URZQO[MVSYMUMXOYORUijSM]QM
ymtxozqvurqomnozxopxxpurxrmozupxoqonmtyx{omvuspxrxomno
OW[^QijSMYTNOVUdM
M0SMQMh]X\UNSMOWVU^UM^UPUMSM[QPZOiSM^bcXOVSgMSMPQUNU^RUWNSM
[QPMU^S[QWRUNSdM
MSMMPQUNU^RUijSM[QPMQQROZUNUMQYMVUP\SMNQMURPOc]OikQ[M
xstzovmzmuyxrxoxoxlu{uyx|qomuwurxotm{ormomzpq{xvurxrmomo
Q]OZUXWVOUMNQMZQWVOYQWRS[MQgMWUMfO^~RQ[QMNQMOWQO[RWVOUMNQM
VUP\SMZU\SgMSM[QPZONSPMQQPVQPM[]U[MURPOc]OikQ[MVSYSMQVQNQWRQgM
URTMUMSVSPPWVOUMNQMZU\UdM
<;56 KKK
>6;=;256
;38>:;456;F646Fm^^6;6FEEF
PRdMfdM7QZQP[jSMTMSMPQRSPWSMMUROZONUNQMNQM[QPZONSPM
U^S[QWRUNS_M
oFoqvoutx{urmoxtrqotyxonrupxoqspux{ormp{xvxvo
OW[]c[O[RQWRQ[MS[MYSROZS[MNUMU^S[QWRUNSPOUMS]M
MMWSMOWRQPQ[[QMNUMUNYOWO[RPUijSgMNQ[NQM]Q_M
UMRQWfUM[SXOVORUNSMUMPQZQP[jSM
cMUMU^S[QWRUNSPOUMRQWfUM[ONSMZSX]WRPOUM
VMQ[RZQXM]UWNSMWUMUROZONUNQ
NMUMU^S[QWRUNSPOUMRQWfUMSVSPPONSMWS[MVOWVSMUWS[MUWRQPOSPQ[MM
[SXOVORUijSM
QMfUhUMVUP\SMZU\SdM
M0SMMPQZQP[jSMUP[QMWSMYQ[YSMVUP\SMS]MWSMVUP\SMPQ[]XRUWRQM
NQM[]UMRPUW[SPYUijSdM
MSMLMRQY^SMQYM]QMSM[QPZONSPMQ[ROZQPMQYMQQPVVOSM[QPM
VSW[ONQPUNSM^UPUMVSWVQ[[jSMNUMU^S[QWRUNSPOUdM
M6SMSMVU[SMNSMOWVO[SMgMQWVSWRPUWNS[QM^PSZONSMSMVUP\SgM
SM[QPZONSPMQQPVQPM[]U[MURPOc]OikQ[MVSYSMQVQNQWRQgMURTMUM
SVSPPWVOUMNQMZU\U


MSMLM[QPZONSPM]QMPQRSPWUPMMUROZONUNQM^SPMOWRQPQ[[QMNUM
UNYOWO[RPUijSM^QPVQcQPgMQYM[]c[ROR]OijSMUS[M^PSZQWRS[MNUM
U^S[QWRUNSPOUgMUMPQY]WQPUijSMNSMVUP\SM]QMZSXRUPMUMQQPVQPgM
OWVX][OZQMVSYMU[MZUWRU\QW[MNQMWUR]PQUM^Q[[SUXM]QM^QPVQcOUM
UWRQPOSPYQWRQMMU^S[QWRUNSPOUd
MfSMLM[QPZONSPMNQM]QMRPURUMSMOWVO[SMM[SYQWRQMRQPMS[M
^PSZQWRS[MVUXV]XUNS[MVSYMcU[QMWU[MPQ\PU[MUR]UO[M[QM^QPYUWQVQPM
^QXSMYQWS[MVOWVSMUWS[MWSMVUP\SdM
MSMLMaSNQPMeQV]ROZSMPQ\]XUYQWRUPMSMNO[^S[RSMWQ[RQMUPRO\S
PRdMdM7QZS\UNSM^QXUM6 QNONUMaPSZO[~POUMWMdffgMNQM
d1dee0
PRdM7dMjSM^SNQPMPQZQPRQPMSMU^S[QWRUNSM]QMhMROZQPM
VSY^XQRUNSM7eM[QRQWRUMUWS[MNQMONUNQdM
<;56K
>6;94;2>5
PRdM2dMMPQOWRQ\PUijSMTMUMPQOWZQ[RON]PUMNSM[QPZONSPMQ[RZQXM
WSMVUP\SMUWRQPOSPYQWRQMSV]^UNSgMS]MWSMVUP\SMPQ[]XRUWRQMNQM[]UM
RPUW[SPYUijSgM]UWNSMOWZUXONUNUMUM[]UMNQYO[[jSM^SPMNQVO[jSM
UNYOWO[RPUROZUMS]Mh]NOVOUXgMVSYMPQ[[UPVOYQWRSMNQMRSNU[MU[M
ZUWRU\QW[dM
M0SoPxouymzmormoqopxvwqoymvozurqomyutyqoqozmvurqvospxvo
QYMNO[^SWOcOXONUNQgMSc[QPZUNSMSMNO[^S[RSMWS[MUPR[dM6eMQM60dM
MSMeWVSWRPUWNS[QM^PSZONSMSMVUP\SgMSM[Q]MQZQWR]UXMSV]^UWRQM
[QPMPQVSWN]ONSMUSMVUP\SMNQMSPO\QYgM[QYMNOPQORSMMOWNQWOUijSMS]M
U^PSZQORUNSMQYMS]RPSMVUP\SgMS]gMUOWNUgM^S[RSMQYMNO[^SWOcOXONUNQdM
<;56
>6;5435
PRdM1dM7QVSWN]ijSMTMSMPQRSPWSMNSM[QPZONSPMQ[RZQXMUSMVUP\SM
UWRQPOSPYQWRQMSV]^UNSMQMNQVSPPQPMNQ_M
MMOWUcOXORUijSMQYMQ[R\OSM^PScUR~POSMPQXUROZSMUMS]RPSMVUP\SM
MMPQOWRQ\PUijSMNSMUWRQPOSPMSV]^UWRQdM
aUP\PUSMbWOVSdMeWVSWRPUWNS[QM^PSZONSMSMVUP\SMNQMSPO\QYgM
SM[QPZONSPM[QPMU^PSZQORUNSMQYMS]RPSgMSc[QPZUNSMSMNO[^S[RSMWSMUPRdM
6edM
<;56K
>69549989>;6;65625=;9>:;45
PRdM6edMLMPQRSPWSMMUROZONUNQMNQM[QPZONSPMQYMNO[^SWOcOXONUNQM
UP[QMYQNOUWRQMU^PSZQORUYQWRSMScPO\UR~POSMQYMVUP\SM NQM
URPOc]OikQ[MQMZQWVOYQWRS[MVSY^URZQO[MVSYMSMUWRQPOSPYQWRQM
SV]^UNSdM
PRdM60dMLM~P\jSMQWRPUXMNSMO[RQYUMNQMaQ[[SUXMOZOXM
NQRQPYOWUPM SM OYQNOURSM U^PSZQORUYQWRSM NQM [QPZONSPM QYM
NO[^SWOcOXONUNQMQYMZU\UM]QMZOQPMUMSVSPPQPMWS[M~P\jS[MS]MQWRONUNQ[M
NUMNYOWO[RPUijSMabcXOVUMQNQPUXdM
aUP\PUSMbWOVSdMUMfO^~RQ[QM^PQZO[RUMWSMM6SMNSMUPRdM67gM
SM[QPZONSPM^S[RSMQYMNO[^SWOcOXONUNQM^SNQPM[QPMYUWRONSM[ScM
PQ[^SW[UcOXONUNQMNSM~P\jSMVQWRPUXMNSMO[RQYUMNQMaQ[[SUXMOZOXMNUM
NYOWO[RPUijSMQNQPUXMMaegMURTMSM[Q]MUNQ]UNSMU^PSZQORUYQWRSM
QYMS]RPSM~P\jSMS]MQWRONUNQd
PRdM6dMQPMRSPWUNSM[QYMQQORSMSMU^PSZQORUYQWRSMQMVU[[UNUM
UMNO[^SWOcOXONUNQM[QMSM[QPZONSPMWjSMQWRPUPMQYMQQPVVOSMWSM^PUSM
{mwx{ozx{qorqmt|xopqnvqxrxoqvotyxonrupxoqspux{o


G>3856KK
>6 >49>
PRdM66dMMZUV8WVOUMNSMVUP\SM^bcXOVSMNQVSPPQPMNQ_M
MMQSWQPUijSM
MMNQYO[[jSM
MM^PSYSijSM
cMM7QZS\UNSM^QXUM9QOMWM1df7gMNQM0ed0d17
cMM7QZS\UNSM^QXUM9QOMWM1df7gMNQM0ed0d17
cMMPQUNU^RUijSM
cMMU^S[QWRUNSPOUM
cMM^S[[QMQYMS]RPSMVUP\SMOWUV]Y]XZQXM
MMUXQVOYQWRSdM
PRdM6dMMQSWQPUijSMNQMVUP\SMQQROZSMNUP[QMUM^QNONSMNSM
[QPZONSPgMS]MNQMSVOSdM
aUP\PUSMbWOVSdMMQSWQPUijSMNQMSVOSMNUP[Q_M
MM]UWNSMWjSM[URO[QORU[MU[MVSWNOikQ[MNSMQ[R\OSM^PScUR~POSM
MM]UWNSgMRQWNSMRSYUNSM^S[[QgMSM[QPZONSPMWjSMQWRPUPMQYM
QQPVVOSMWSM^PUSMQ[RUcQXQVONSdM
PRdM6fdMMQSWQPUijSMNQMVUP\SMQYMVSYO[[jSMQMUMNO[^QW[UMNQM
t|qormopqtsxt|xorxvFzmFa
MMUMh]SMNUMU]RSPONUNQMVSY^QRQWRQM
MMUM^QNONSMNSM^P~^POSM[QPZONSPdM
aUP\PUSMbWOVSdM7QZS\UNSM^QXUM9QOMWM1df7gMNQM0ed0d17
G>3856KKK
>6;:556;6>6;929395
<;56K
>6;:55

MMOWRQPQ[[QMNUMUNYOWO[RPUijS
MMQ]OZUXWVOUMNQMZQWVOYQWRS[
MMYUW]RQWijSMNUMQ[[WVOUMNU[MURPOc]OikQ[MNSMVUP\S
cMMZOWV]XUijSMQWRPQMS[M\PU][MNQMPQ[^SW[UcOXONUNQMQM
VSY^XQONUNQMNU[MUROZONUNQ[
cMMYQ[YSMWZQXMNQMQ[VSXUPONUNQgMQ[^QVOUXONUNQMS]MfUcOXORUijSM
vqszzuqtx{
cMMVSY^UROcOXONUNQMQWRPQMU[MURPOc]OikQ[MNSMVUP\SMQMU[M
stx{urxrmzoutzyuypuqtxuzorqovwqoqomtyurxrm
M0SMMPQNO[RPOc]OijSMSVSPPQPM,x.&u32*&M^UPUMUh][RUYQWRSM
NQMXSRUijSMQMNUMSPiUMNQMRPUcUXfSM[MWQVQ[[ONUNQ[MNS[M[QPZOiS[gM
OWVX][OZQMWS[MVU[S[MNQMPQSP\UWOUijSgMQROWijSMS]MVPOUijSMNQM~P\jSM
S]MQWRONUNQd
MSMMPQNO[RPOc]OijSMNQMVUP\S[MQQROZS[MZU\S[M[QMNUPMYQNOUWRQM
URSMVSWh]WRSMQWRPQMSM~P\jSMVQWRPUXMNSMaeMQMS[M~P\jS[MQMQWRONUNQ[M
NUMNYOWO[RPUijSMabcXOVUMQNQPUXMQWZSXZONS[d
M6SMS[MVU[S[MNQMPQSP\UWOUijSMS]MQROWijSMNQM~P\jSMS]M
QWRONUNQgMQROWRSMSMVUP\SMS]MNQVXUPUNUM[]UMNQ[WQVQ[[ONUNQMWSM
~P\jSMS]MQWRONUNQgMSM[QPZONSPMQ[RZQXM]QMWjSMSPMPQNO[RPOc]NSM[QPM
VSXSVUNSMQYMNO[^SWOcOXONUNQgMURTM[Q]MU^PSZQORUYQWRSMWUMSPYUMNS[M
UPR[dM6eMQM60d
MMSMLM[QPZONSPM]QMWjSMSPMPQNO[RPOc]NSMS]MVSXSVUNSMQYM
NO[^SWOcOXONUNQM^SNQPM[QPMYUWRONSM[ScMPQ[^SW[UcOXONUNQMNSM~P\jSM
VQWRPUXMNSMaegMQMRQPMQQPVVOSM^PSZO[~POSgMQYMS]RPSM~P\jSMS]M
QWRONUNQgMURTM[Q]MUNQ]UNSMU^PSZQORUYQWRSd
G>3856K
>6<39395

PRdM6dM7QYSijSMTMSMNQ[XSVUYQWRSMNSM[QPZONSPgMUM^QNONSMS]M
NQMSVOSgMWSM8YcORSMNSMYQ[YSM]UNPSgMVSYMS]M[QYMY]NUWiUMNQM
[QNQdM
xvwvxqotupqoxvxostzorqoruzqzyqotmzymoxvyuwqomtymtrmFzmo
^SPMYSNUXONUNQ[MNQMPQYSijS_
MMNQMSVOSgMWSMOWRQPQ[[QMNUMNYOWO[RPUijS
MMUM^QNONSgMUMVPORTPOSMNUMNYOWO[RPUijS
oYoxomrurqoxvxoqyvxo{qpx{urxrmoutrmmtrmtymnmtymorqo
OWRQPQ[[QMNUMNYOWO[RPUijS_
UM^UPUMUVSY^UWfUPMVWh]\QMS]MVSY^UWfQOPSgMRUYcTYM
[QPZONSPM^bcXOVSMVOZOXMS]MYOXORUPgMNQM]UX]QPMNS[MaSNQPQ[MNUM
5WOjSgMNS[Me[RUNS[gMNSM`O[RPORSMQNQPUXMQMNS[M6 ]WOV^OS[gM]QMSOM
NQ[XSVUNSMWSMOWRQPQ[[QMNUMNYOWO[RPUijS
cM^SPMYSROZSMNQM[UbNQMNSM[QPZONSPgMVWh]\QgMVSY^UWfQOPSMS]M
NQ^QWNQWRQM]QMZOZUM[M[]U[MQ^QW[U[MQMVSW[RQMNSM[Q]MU[[QWRUYQWRSM
tpuqtx{opqtrupuqtxrxoZopqnvqx|qoqvotyxonrupxoqspux{
VMQYMZOPR]NQMNQM^PSVQ[[SM[QXQROZSM^PSYSZONSgMWUMfO^~RQ[QMQYM
]QMSMWbYQPSMNQMOWRQPQ[[UNS[MSPM[]^QPOSPMUSMWbYQPSMNQMZU\U[gMNQM
UVSPNSMVSYMWSPYU[M^PQQ[RUcQXQVONU[M^QXSM~P\jSMS]MQWRONUNQMQYM
]QMU]QXQ[MQ[RQhUYMXSRUNS[
<;56KK
>6;929395
PRdM67dM7QNO[RPOc]OijSMTMSMNQ[XSVUYQWRSMNQMVUP\SMNQM
^PSZOYQWRSMQQROZSgMSV]^UNSMS]MZU\SMWSM8YcORSMNSM]UNPSM\QPUXM
NQM^Q[[SUXgM^UPUMS]RPSM~P\jSMS]MQWRONUNQMNSMYQ[YSMaSNQPgMVSYM
^PTZOUMU^PQVOUijSMNSM~P\jSMVQWRPUXMNSMaegMSc[QPZUNS[MS[M
[Q\]OWRQ[M^PQVQORS[_
V

PRdM62dML[M[QPZONSPQ[MOWZQ[RONS[MQYMVUP\SMS]M]WijSMNQM
ruvm|qoqopmsxomoqzoqpxtymzormopxvwqormoPxyvmxozmpux{o
RQPjSM[]c[ROR]RS[MOWNOVUNS[MWSMPQ\OYQWRSMOWRQPWSMS]gMWSMVU[SMNQM
SYO[[jSgM^PQZOUYQWRQMNQ[O\WUNS[M^QXSMNOPO\QWRQMYOYSMNSM~P\jSM
S]MQWRONUNQd
M0SMLM[]c[ROR]RSMU[[]YOPMU]RSYROVUMQMV]Y]XUROZUYQWRQgM
[QYM^PQh]SMNSMVUP\SM]QMSV]^UgMSMQQPVVOSMNSMVUP\SMS]M]WijSM
rmoruvm|qoqopmsxomoqzormoPxyvmxozmpux{otqzoxxzyxnmtyqzo
OY^QNOYQWRS[MXQ\UO[MS]MPQ\]XUYQWRUPQ[MNSMROR]XUPMQMWUMZUV8WVOUM
NSMVUP\SgMfO^~RQ[Q[MQYM]QMNQZQPMS^RUPM^QXUMPQY]WQPUijSMNQM]YM
NQXQ[MN]PUWRQMSMPQ[^QVROZSM^QPSNSd
MSMLM[]c[ROR]RSMUPMh][MMPQRPOc]OijSM^QXSMQQPVVOSMNSMVUP\SM
qot|qormoruvm|qoqopmsxoqormopxvwqormoPxyvmxozmpux{o
WS[MVU[S[MNS[MUU[RUYQWRS[MS]MOY^QNOYQWRS[MXQ\UO[MNSMROR]XUPgM
[]^QPOSPQ[MUMRPOWRUMNOU[MVSW[QV]ROZS[gM^U\UMWUM^PS^SPijSMNS[MNOU[M
NQMQQROZUM[]c[ROR]OijSgM]QMQVQNQPQYMSMPQQPONSM^QPSNSd
PRdM61dMLMNO[^S[RSMWSMUPRO\SMUWRQPOSPMU^XOVU[QMUS[MROR]XUPQ[M
NQM]WONUNQ[MUNYOWO[RPUROZU[MSP\UWOUNU[MQYMWZQXMNQMU[[Q[[SPOUdM
73856KKK
5692;956;6 >4>;4
G>3856K
56 ;49:;456;6>6;:34;2>5
PRdMedMcQWVOYQWRSMTMUMPQRPOc]OijSM^QV]WOPOUM^QXSMQQPVVOSM
rmopxvwqol{upqopqnox{qvosxrqomno{muo
aUP\PUSMbWOVSdM7QZS\UNSM^QXUM9QOMWM00d72gMNQMee2
PRdM0dM7QY]WQPUijSMTMSMZQWVOYQWRSMNSMVUP\SMQQROZSgM
UVPQ[VONSMNU[MZUWRU\QW[M^QV]WOPOU[M^QPYUWQWRQ[MQ[RUcQXQVONU[M
QYMXQOdM


M0SMMPQY]WQPUijSMNSM[QPZONSPMOWZQ[RONSMQYM]WijSMS]MVUP\SM
QYMVSYO[[jSM[QPM^U\UMWUMSPYUM^PQZO[RUMWSMUPRdMdM
MSMLM[QPZONSPMOWZQ[RONSMQYMVUP\SMQYMVSYO[[jSMNQM~P\jSM
S]MQWRONUNQMNOZQP[UMNUMNQM[]UMXSRUijSMPQVQcQPMUMPQY]WQPUijSMNQM
UVSPNSMVSYMSMQ[RUcQXQVONSMWSMM0SMNSMUPRdM16dM
M6SMLMZQWVOYQWRSMNSMVUP\SMQQROZSgMUVPQ[VONSMNU[MZUWRU\QW[M
NQMVUPRQPM^QPYUWQWRQgMTMOPPQN]RZQXdM
MSoCoxzzmwvxrxoxouzqtqnuxormomtpunmtyqzoxvxopxvwqzo
NQMURPOc]OikQ[MO\]UO[MS]MU[[QYQXfUNU[MNSMYQ[YSMaSNQPgMS]MQWRPQM
[QPZONSPQ[MNS[MRP[MaSNQPQ[gMPQ[[UXZUNU[MU[MZUWRU\QW[MNQMVUPRQPM
OWNOZON]UXMQMU[MPQXUROZU[MMWUR]PQUMS]MUSMXSVUXMNQMRPUcUXfSdM
MfSMQWf]YM[QPZONSPMPQVQcQPMPQY]WQPUijSMOWQPOSPMUSM
[UXPOSMYWOYSdM
PRdMdMQWf]YM[QPZONSPM^SNQPM^QPVQcQPgMYQW[UXYQWRQgMUM
RR]XSMNQMPQY]WQPUijSgMOY^SPR8WVOUM[]^QPOSPMM[SYUMNS[MZUXSPQ[M
^QPVQcONS[MVSYSMPQY]WQPUijSgMQYMQ[^TVOQgMUM]UX]QPMRR]XSgMWSM
8YcORSMNS[MPQ[^QVROZS[MaSNQPQ[gM^QXS[M6 OWO[RPS[MNQMe[RUNSgM^SPM
YQYcPS[MNSMSW\PQ[[SMUVOSWUXMQM6 OWO[RPS[MNSM]^PQYSMPOc]WUXM
QNQPUXdM
aUP\PUSMbWOVSdMeVX]QY[QMNSMRQRSMNQMPQY]WQPUijSMU[M
ZUWRU\QW[M^PQZO[RU[MWS[MOWVO[S[MMUMcMNSMUPRdM0dM
PRdM6ddM7QZS\UNSM^QXUM9QOMWM1dgMNQMdd12M
PRdMdMLM[QPZONSPM^QPNQP_M
MMUMPQY]WQPUijSMNSMNOUMQYM]QMUXRUPMUSM[QPZOiSgM[QYMYSROZSM
zyuspxrq
MMUM^UPVQXUMNQMPQY]WQPUijSMNOPOUgM^PS^SPVOSWUXMUS[MURPU[S[gM
xzWtpuxzozyuspxrxzovmzzx{xrxzoxzopqtpmzz}mzormomoyvxyxoqo
UPRdM17gMQM[UNU[MUWRQVO^UNU[gM[UXZSMWUMfO^~RQ[QMNQMVSY^QW[UijSMNQM
fSPPOSgMURTMSMY[M[]c[Q]QWRQMUSMNUMSVSPPWVOUgMUM[QPMQ[RUcQXQVONUM
m{xopmsxounmruxyx6
xvwvxqotupqozox{yxzozyuspxrxzormpqvvmtymzormopxzqo
SPR]ORSMS]MNQMSPiUMYUOSPM^SNQPjSM[QPMVSY^QW[UNU[MUMVPORTPOSMNUM
pmsxounmruxyxozmtrqoxzzunopqtzurmvxrxzopqnqommyuqommvppuq
PRdMfdMUXZSM^SPMOY^S[OijSMXQ\UXgMS]MYUWNUNSMh]NOVOUXgM
WQWf]YMNQ[VSWRSMOWVONOPM[ScPQMUMPQY]WQPUijSMS]M^PSZQWRSdM
7Q\]XUYQWRS
aUP\PUSMbWOVSdM6 QNOUWRQMU]RSPOUijSMNSM[QPZONSPgM^SNQPM
fUZQPMVSW[O\WUijSMQYMSXfUMNQM^U\UYQWRSMUMUZSPMNQMRQPVQOPS[gM
UMVPORTPOSMNUMUNYOWO[RPUijSMQMVSYMPQ^S[OijSMNQMV][RS[gMWUMSPYUM
rmsturxomnovmw{xnmtyqo
PRdMdM[MPQ^S[OikQ[MQMOWNQWOUikQ[MUSMQPPOSgMUR]UXOUNU[M
URTM6eMNQMh]WfSMNQM011gM[QPjSM^PQZOUYQWRQMVSY]WOVUNU[MUSM
[QPZONSPMUROZSgMU^S[QWRUNSMS]MUSM^QW[OSWO[RUgM^UPUM^U\UYQWRSgMWSM
^PUSMYOYSMNQMRPOWRUMNOU[gM^SNQWNSM[QPM^UPVQXUNU[gMUM^QNONSMNSM
OWRQPQ[[UNSdM
M0SMLMZUXSPMNQMVUNUM^UPVQXUMWjSM^SNQPM[QPMOWQPOSPMUSM
VSPPQ[^SWNQWRQMUMNQM^SPMVQWRSMNUMPQY]WQPUijSgM^PSZQWRSMS]M
^QW[jSdM
MSM]UWNSMSM^U\UYQWRSMOWNQZONSMfS]ZQPMSVSPPONSMWSMY[M
UWRQPOSPMUSMNSM^PSVQ[[UYQWRSMNUMSXfUgMUMPQ^S[OijSM[QPMQORUM
OYQNOURUYQWRQgMQYM]YUMbWOVUM^UPVQXUdM
M6SMUMfO^~RQ[QMNQMZUXSPQ[MPQVQcONS[MQYMNQVSPPWVOUMNQM
V]Y^POYQWRSMUMNQVO[jSMXOYOWUPgMUMR]RQXUMUWRQVO^UNUMS]MUM[QWRQWiUM
]QMZQWfUMUM[QPMPQZS\UNUMS]MPQ[VOWNONUgM[QPjSMQXQ[MUR]UXOUNS[MURTM
UMNURUMNUMPQ^S[OijSdM
PRdM7dMLM[QPZONSPMQYMNTcORSMVSYMSMQPPOSgM]QMSPMNQYORONSgM
QSWQPUNSMS]M]QMROZQPM[]UMU^S[QWRUNSPOUMS]MNO[^SWOcOXONUNQM
VU[[UNUgMRQPMSM^PUSMNQM[Q[[QWRUMNOU[M^UPUM]ORUPMSMNTcORSdM
`

aUP\PUSMbWOVSdMMWjSM]ORUijSMNSMNTcORSMWSM^PUSM^PQZO[RSM
OY^XOVUPM[]UMOW[VPOijSMQYMNZONUMUROZUdM
PRdM2dMLMZQWVOYQWRSgMUMPQY]WQPUijSMQMSM^PSZQWRSMWjSM
[QPjSMSchQRSMNQMUPPQ[RSgM[Q]Q[RPSMS]M^QWfSPUgMQVQRSMWS[MVU[S[MNQM
^PQ[RUijSMNQMUXOYQWRS[MPQ[]XRUWRQMNQMNQVO[jSMh]NOVOUXdM
G>3856KK
>6 >4>;4
PRdM1dMXTYMNSMZQWVOYQWRSgM^SNQPjSM[QPM^U\U[MUSM[QPZONSPM
U[M[Q\]OWRQ[MZUWRU\QW[_M
MMOWNQWOUikQ[M
oFowvxyuspx|}mzo
MMUNOVOSWUO[dM
M0SM[MOWNQWOUikQ[MWjSM[QMOWVSP^SPUYMUSMZQWVOYQWRSMS]M
^PSZQWRSM^UPUM]UX]QPMQQORSdM
MSozowvxyuspx|}mzomoqzoxrupuqtxuzoutpqvqvxnFzmoxqo
ZQWVOYQWRSMS]M^PSZQWRSgMWS[MVU[S[MQMVSWNOikQ[MOWNOVUNS[MQYMXQOdM
PRdMfedM[MZUWRU\QW[M^QV]WOPOU[MWjSM[QPjSMVSY^]RUNU[gM
WQYMUV]Y]XUNU[gM^UPUMQQORSMNQMVSWVQ[[jSMNQM]UO[]QPMS]RPS[M
UVPT[VOYS[M^QV]WOPOS[M]XRQPOSPQ[gM[ScMSMYQ[YSMRR]XSMS]MONWROVSM
]WNUYQWRSdM
<;56K
>6K4;49>;
PRdMf0dMSW[ROR]QYMOWNQWOUikQ[MUSM[QPZONSP_M
MMUh]NUMNQMV][RSM
MMNOPOU[M
MMRPUW[^SPRQdM
cMMcONQM6 QNONUMaPSZO[~POUMWM6e0MNQMee
cMMU]XOSYSPUNOUdWVX]NSM^QXUM9QOMWM00d6ffgMNQMee
PRdMfdML[MZUXSPQ[MNU[MOWNQWOUikQ[MQ[RUcQXQVONU[MWS[MOWVO[S[M
MUMMNSMUPRdMf0gMU[[OYMVSYSMU[MVSWNOikQ[M^UPUMUM[]UMVSWVQ[[jSgM
[QPjSMQ[RUcQXQVONS[MQYMPQ\]XUYQWRSd
<3;56K
>63>6;6G35
PRdMf6dMMUh]NUMNQMV][RSMNQ[ROWU[QMUMVSY^QW[UPMU[MNQ[^Q[U[M
NQMOW[RUXUijSMNSM[QPZONSPM]QgMWSMOWRQPQ[[QMNSM[QPZOiSgM^U[[UPMUMRQPM
QQPVVOSMQYMWSZUM[QNQgMVSYMY]NUWiUMNQMNSYOVXOSMQYMVUPRQPM
^QPYUWQWRQgMZQNUNSMSMN]^XSM^U\UYQWRSMNQMOWNQWOUijSgMUM]UX]QPM
RQY^SgMWSMVU[SMNQMSMVWh]\QMS]MVSY^UWfQOPSM]QMNQRQWfUMRUYcTYM
UMVSWNOijSMNQM[QPZONSPgMZOQPMUMRQPMQQPVVOSMWUMYQ[YUM[QNQd
M0SMSPPQYM^SPMVSWRUMNUMUNYOWO[RPUijSMU[MNQ[^Q[U[MNQM
RPUW[^SPRQMNSM[QPZONSPMQMNQM[]UMUYXOUgMVSY^PQQWNQWNSM^U[[U\QYgM
cU\U\QYMQMcQW[M^Q[[SUO[dM
MSMMUYXOUMNSM[QPZONSPM]QMUXQVQPMWUMWSZUM[QNQM[jSM
U[[Q\]PUNS[MUh]NUMNQMV][RSMQMRPUW[^SPRQM^UPUMUMXSVUXONUNQMNQM
SPO\QYgMNQWRPSMNSM^PUSMNQM0M]YMUWSgMVSWRUNSMNSM~cORSdM
PRdMfdMMUh]NUMNQMV][RSMTMVUXV]XUNUM[ScPQMUMPQY]WQPUijSM
NSM[QPZONSPgMVSWSPYQM[QMNO[^][QPMQYMPQ\]XUYQWRSgMWjSM^SNQWNSM
QVQNQPMUMOY^SPR8WVOUMVSPPQ[^SWNQWRQMUM6MRP[MYQ[Q[dM
PRdMffdMjSM[QPMVSWVQNONUMUh]NUMNQMV][RSMUSM[QPZONSPM]QM[QM
UU[RUPMNSMVUP\SgMS]MPQU[[]YOXSgMQYMZOPR]NQMNQMYUWNURSMQXQROZSdM
PRdMfdMQPMVSWVQNONUMUh]NUMNQMV][RSM]QXQM]QgMWjSM[QWNSM
[QPZONSPMNUM5WOjSgMSPMWSYQUNSM^UPUMVUP\SMQYMVSYO[[jSgMVSYM
Y]NUWiUMNQMNSYOVXOSdM


aUP\PUSMbWOVSdMSMUU[RUYQWRSM^PQZO[RSMWSMOWVO[SMMNSMUPRdM
16gMUMUh]NUMNQMV][RSM[QPM^U\UM^QXSM~P\jSMVQ[[OSWPOSgM]UWNSM
VUcZQXdM
vyokobozmvurqvospxvoqlvuwxrqoxovmzyuyuvoxoxrxormopzyqo
xtrqoutzyuspxrxnmtymotqozmoxvmzmtyxvotxotqxozmrmotqo
^PUSMNQM6eMRPOWRUMNOU[dM

PRdMedMSWVQNQP[QMOWNQWOUijSMNQMRPUW[^SPRQMUSM[QPZONSPM
]QMPQUXOUPMNQ[^Q[U[MVSYMUM]ROXOUijSMNQMY QOSM^P~^POSMNQMXSVSYSijSM
^UPUMUMQQV]ijSMNQM[QPZOiS[MQRQPWS[gM^SPMSPiUMNU[MURPOc]OikQ[M
^P~^POU[MNSMVUP\SgMVSWSPYQM[QMNO[^][QPMQYMPQ\]XUYQWRSdM

MMSM[QPZONSPMS]M[Q]MVWh]\QMS]MVSY^UWfQOPSMWjSM[QhUMS]M
RQWfUM[ONSM^PS^POQRPOSgM^PSYORQWRQMVSY^PUNSPgMVQ[[OSWPOSMS]M
^PSYORQWRQMVQ[[OSWPOSMNQMOY~ZQXMWSM6 ]WOV^OSMUSWNQMSPMQQPVQPM
qopxvwqoutp{rxoxouymzmormo{qymomruspxrqozmnoxmvlx|qormo
VSW[RP]ijSgMWS[MNSQMYQ[Q[M]QMUWRQVQNQPQYMUM[]UMWSYQUijSM
cMMWQWf]YUMS]RPUM^Q[[SUM]QMPQ[ONUMVSYMSM[QPZONSPMPQVQcUM
U]XOSYSPUNOUM
cMMSM[QPZONSPMRQWfUM[QMY]NUNSMNSMXSVUXMNQMPQ[ONWVOUM^UPUM
qpxvopxvwqomnopqnuzzqoqot|qormopqtsxt|xorqovqF
`OPQijSMQM[[Q[[SPUYQWRSM]^QPOSPQ[MM`gMWZQO[MgMfMQMgMNQM
UR]PQUMe[^QVOUXgMNQM6 OWO[RPSMNQMe[RUNSMS]MQ]OZUXQWRQ[M
cMMSM6 ]WOV^OSMWSM]UXMU[[]YUMSMVUP\SMQYMVSYO[[jSMS]M
t|qormopqtsxt|xotqozmomtxrvmotxzouymzmzorqoxvyooojSgM
QYMPQXUijSMUSMXSVUXMNQMPQ[ONWVOUMS]MNSYOVXOSMNSM[QPZONSPM
cMMSM[QPZONSPMWjSMRQWfUM[ONSMNSYOVOXOUNSMS]MRQWfUMPQ[ONONSM
WSM6 ]WOV^OSgMWS[MbXROYS[MNSQMYQ[Q[gMUSWNQMSPMQQPVQPMSMVUP\SM
mnopqnuzzqoqot|qormopqtsxt|xormzpqtzurmvxtrqFzmovxqo
OWQPOSPMUM[Q[[QWRUMNOU[MNQWRPSMNQ[[QM^QPSNSMQM
cMMSMNQ[XSVUYQWRSMWjSMRQWfUM[ONSM^SPMSPiUMNQMUXRQPUijSMNQM
XSRUijSMS]MWSYQUijSM^UPUMVUP\SMQQROZSdM
MMcONQM6 QNONUMaPSZO[~POUMWM60gMNQMeed
MMSMNQ[XSVUYQWRSMRQWfUMSVSPPONSMU^~[M6eMNQMh]WfSMNQMeedM
xvwvxqotupqoxvxostzorqoutpuzqootqozmvopqtzurmvxrqo
SM^PUSMWSM]UXMSM[QPZONSPMQ[RUZUMSV]^UWNSMS]RPSMVUP\SMQYM
VSYO[[jSMPQXUVOSWUNSMWSMOWVO[SMcdM
PRdMedMLMU]XOSYSPUNOUMWjSM[QPMVSWVQNONSM^SPM^PUSM
[]^QPOSPMUM2MSORSMUWS[MNQWRPSMNQMVUNUM^QPSNSMNQM0MNSQMUWS[dM
aUP\PUSMbWOVSdMPUW[VSPPONSMSM^PUSMNQM2MSORSMUWS[MNQWRPSM
NQMVUNUM^QPSNSMNQM0MNSQMUWS[gMSM^U\UYQWRSM[SYQWRQM[QPM
PQRSYUNSM[QMSc[QPZUNS[gMUXTYMNSMNO[^S[RSMWSMVU^]RMNQ[RQMUPRO\SgM
S[MPQ]O[ORS[MNSMVU^]RMNSMUPRdMeMNQ[RUM9QOgMWjSM[QMU^XOVUWNSgMWSM
VU[SgMSM^UP\PUSMbWOVSMNSMVORUNSMUPRdMedM
PRdMe`dMLMZUXSPMYQW[UXMNSMU]XOSYSPUNOUMTMXOYORUNSMUM
f MZOWRQMQMVOWVSM^SPMVQWRSMNSMZUXSPMNSMVUP\SMQYMVSYO[[jSgM
]WijSMVSYO[[OSWUNUMS]MVUP\SMNQM6 OWO[RPSMNQMe[RUNSMSV]^UNSdM
M0SMLMZUXSPMNSMU]XOSYSPUNOUMWjSM^SNQPM[]^QPUPMf M
ZOWRQMQMVOWVSM^SPMVQWRSMNUMPQY]WQPUijSMNQM6 OWO[RPSMNQMe[RUNSdM
MSMWNQ^QWNQWRQYQWRQMNSMZUXSPMNSMVUP\SMQYMVSYO[[jSMS]M
t|qopqnuzzuqtxrxospxowxvxtyurqoxoyqrqzoqzomovmmtpmvmno
S[MPQ]O[ORS[MSMPQ[[UPVOYQWRSMURTMSMZUXSPMNQM7M0d2eegeeMYOXMQM
SORSVQWRS[MPQUO[dM
PRdMeedMSMVU[SMNQMUXQVOYQWRSgMQSWQPUijSgMVSXSVUijSMNQM
OY~ZQXM]WVOSWUXMMNO[^S[OijSMNSM[QPZONSPMS]MU]O[OijSMNQMOY~ZQXgM
SMU]XOSYSPUNOUMVSWROW]UPM[QWNSM^U\SM^SPM]YMY[dM

<3;56K
563895! 52>9>6

<;56KK

PRdMedMLMU]XOSYSPUNOUMVSW[O[RQMWSMPQ[[UPVOYQWRSMNU[M
NQ[^Q[U[MVSY^PSZUNUYQWRQMPQUXOUNU[M^QXSM[QPZONSPMVSYMUX]\]QXM
NQMYSPUNOUMS]MVSYMYQOSMNQMfS[^QNU\QYMUNYOWO[RPUNSM^SPMQY^PQ[UM
fSRQXQOPUgMWSM^PUSMNQM]YMY[MU^~[MUMVSY^PSZUijSMNUMNQ[^Q[UM
^QXSM[QPZONSPdM
PRdMedMSWVQNQP[QMU]XOSYSPUNOUMUSM[QPZONSPM[QM
URQWNONS[MS[M[Q\]OWRQ[MPQ]O[ORS[_M
MMWjSMQO[RUMOY~ZQXM]WVOSWUXMNO[^SWZQXM^UPUM][SM^QXSM
[QPZONSPM
MMSMVWh]\QMS]MVSY^UWfQOPSMNSM[QPZONSPMWjSMSV]^QMOY~ZQXM
]WVOSWUXM

PRdM0dMXTYMNSMZQWVOYQWRSMQMNU[MZUWRU\QW[M^PQZO[RU[MWQ[RUM
9QOgM[QPjSMNQQPONS[MUS[M[QPZONSPQ[MU[M[Q\]OWRQ[MPQRPOc]OikQ[gM
wvxyuspx|}mzomoxrupuqtxuza
oFovmyvulu|qom{qommvppuqormot|qormoruvm|qopmsxomo
U[[Q[[SPUYQWRS
oFowvxyuspx|qotxyx{utxo
MM7QZS\UNSM^QXUM6 QNONUMaPSZO[~POUMWMdffgMNQM
d1dee0
cMMUNOVOSWUXM^QXSMQQPVVOSMNQMUROZONUNQ[MOW[UX]cPQ[gM
^QPO\S[U[MS]M^QWS[U[M
cMMUNOVOSWUXM^QXUM^PQ[RUijSMNQM[QPZOiSMQRPUSPNOWPOSM

<3;56KK
>6929>
PRdMf2dMLM[QPZONSPM]QgMUM[QPZOiSgMUU[RUP[QMNUM[QNQMQYMVUPRQPM
QZQWR]UXMS]MRPUW[OR~POSM^UPUMS]RPSM^SWRSMNSMRQPPOR~POSMWUVOSWUXMS]M
^UPUMSMQRQPOSPgMUPMh][MUM^U[[U\QW[MQMNOPOU[MNQ[ROWUNU[MUMOWNQWOUPM
U[M^UPVQXU[MNQMNQ[^Q[U[MQRPUSPNOWPOUMVSYM^S][UNUgMUXOYQWRUijSMQM
XSVSYSijSM]PcUWUgMVSWSPYQMNO[^][QPMQYMPQ\]XUYQWRSd
M0SMMNOPOUM[QPMVSWVQNONUM^SPMNOUMNQMUU[RUYQWRSgM[QWNSM
NQZONUM^QXUMYQRUNQM]UWNSMSMNQ[XSVUYQWRSMWjSMQO\OPM^QPWSORQM
SPUMNUM[QNQgMS]M]UWNSMUM5WOjSMV][RQUPgM^SPMYQOSMNOZQP[SgMU[M
NQ[^Q[U[MQRPUSPNOWPOU[MVScQPRU[M^SPMNOPOU[dM
MSMS[MVU[S[MQYM]QMSMNQ[XSVUYQWRSMNUM[QNQMVSW[ROR]OPM
QO\WVOUM^QPYUWQWRQMNSMVUP\SgMSM[QPZONSPMWjSMUPMh][MUMNOPOU[dM
M6SMUYcTYMWjSMUPMh][MUMNOPOU[MSM[QPZONSPM]QM[QM
NQ[XSVUPMNQWRPSMNUMYQ[YUMPQ\OjSMYQRPS^SXORUWUgMU\XSYQPUijSM
]PcUWUMS]MYOVPSPPQ\OjSgMVSW[ROR]NU[M^SPMY]WOV^OS[MXOYRPSQ[M
QMPQ\]XUPYQWRQMOW[ROR]NU[gMS]MQYMPQU[MNQMVSWRPSXQMOWRQ\PUNSM
YUWRONU[MVSYM^U[Q[MXOYRPSQ[gMV]hUMh]PO[NOijSMQMVSY^QRWVOUMNS[M
~P\jS[gMQWRONUNQ[MQM[QPZONSPQ[McPU[OXQOPS[MVSW[ONQPU[QMQ[RQWNONUgM
[UXZSM[QMfS]ZQPM^QPWSORQMSPUMNUM[QNQgMfO^~RQ[Q[MQYM]QMU[MNOPOU[M
xwxzozmvqozmnvmoxzosxrxzoxvxoqzoxxzyxnmtyqzormtyvqorqo
RQPPOR~POSMWUVOSWUXd
PRdMf1dMLM[QPZONSPM]QMPQVQcQPMNOPOU[MQMWjSM[QMUU[RUPMNUM[QNQgM
qvox{mvonqyuqospxoqlvuwxrqoxovmzyuyF{xzoutymwvx{nmtymotqo
^PUSMNQMfMVOWVSMNOU[dM
aUP\PUSMbWOVSdMUMfO^~RQ[QMNQMSM[QPZONSPMPQRSPWUPMM[QNQMQYM
^PUSMYQWSPMNSM]QMSM^PQZO[RSM^UPUMSM[Q]MUU[RUYQWRSgMPQ[ROR]OPMU[M
NOPOU[MPQVQcONU[MQYMQVQ[[SgMWSM^PUSM^PQZO[RSMWSMdM
<3;56KKK
>6K4;49>56;672>452;

i


cMMUNOVOSWUXMWSR]PWSM
cMMUNOVOSWUXMNQMTPOU[M
cMMS]RPS[gMPQXUROZS[MUSMXSVUXMS]MMWUR]PQUMNSMRPUcUXfSdM
oFowvxyuspx|qoqvomtpxvwqormopvzqoqopqtpvzqo
<3;56K

;52>:;4566
PRdMdMSM[QPZONSPMSV]^UWRQMNQMVUP\SMQQROZSMOWZQ[RONSMQYM
t|qormoruvm|qopmsxoqoxzzmzzqvxnmtyqopxvwqormovqunmtyqo
QYMVSYO[[jSMS]MNQMUR]PQUMe[^QVOUXMTMNQZONUMPQRPOc]OijSM^QXSM
[Q]MQQPVVOSd
oxvwvxqotupqo[muomzmpspxomzyxlm{mpmvoxovmntmvx|qo
NS[MVUP\S[MQYMVSYO[[jSMNQM]QMRPURUMSMOWVO[SMMNSMUPRdM1Sd
PRdM d OVUM RPUW[SPYUNUM QYM cUWRU\QYM aQ[[SUXM
Pqnutx{nmtymormtyuspxrxoFoPoxoutpqvqvx|qorxovmyvulu|qo
m{qommvppuqormot|qormoruvm|qopmsxoqoxzzmzzqvxnmtyqo
VUP\SMNQM^PSZOYQWRSMQYMVSYO[[jSMS]MNQMUR]PQUMe[^QVOUXMUM]QM
[QMPQQPQYMS[MUPR[dM6SMQM0eMNUM9QOMWSM2d100gMNQM00MNQMh]XfSMNQM011gM
QMSMUPRdM6SMNUM9QOMWSM1dgMNQMMNQMUcPOXMNQM0112dM
aUP\PUSMbWOVSdMMcaMNQM]QMRPURUMSMMNQ[RQMUPRO\SM
[SYQWRQMQ[RUPM[]hQORUM[MPQZO[kQ[M\QPUO[MNQMPQY]WQPUijSMNS[M
[QPZONSPQ[M^bcXOVS[MQNQPUO[dM
<3;56KK

vyojoowvxyuspx|qotxyx{utxopqvvmzqtrmoxoono
rqmoxqzorxovmntmvx|qoxomoqozmvurqvosmvozotqonWzormo
NQQYcPSgM^SPMY[MNQMQQPVVOSMWSMPQ[^QVROZSMUWSdM
aUP\PUSMbWOVSdMMPUijSMO\]UXMS]M[]^QPOSPMUM0fM]OWQMNOU[M
[QPMVSW[ONQPUNUMVSYSMY[MOWRQ\PUXdM
vyooowvxyuspx|qozmvoxwxoxyoqoruxooutymorqonWzormo
NQQYcPSMNQMVUNUMUWSdM
aUP\PUSMbWOVSdMce`LdM
vyoobozmvurqvomqtmvxrqomvpmlmvozxowvxyuspx|qo
WURUXOWUgM^PS^SPVOSWUXYQWRQMUS[MYQ[Q[MNQMQQPVVOSgMVUXV]XUNUM
[ScPQMUMPQY]WQPUijSMNSMY[MNUMQSWQPUijSdM
vyooowvxyuspx|qotxyx{utxotqozmvopqtzurmvxrxoxvxo
VXV]XSMNQM]UX]QPMZUWRU\QYM^QV]WOPOUdM
<3;56KKK
569954>865267;:56;6<;2=95
PRdM7dM7QZS\UNSM^QXUM6 QNONUMaPSZO[~POUMWMdffgMNQM
ee0
569954>96;6K4>8329>;6;293859>;65369=9>;6
;45>
PRdM2dML[M[QPZONSPQ[M]QMRPUcUXfQYMVSYMfUcOR]UXONUNQMQYM
XSVUO[MOW[UX]cPQ[MS]MQYMVSWRURSM^QPYUWQWRQMVSYM[]c[R8WVOU[M
R~OVU[gMPUNOSUROZU[MS]MVSYMPO[VSMNQMZONUgMUQYMh][MUM]YMUNOVOSWUXM
[ScPQMSMZQWVOYQWRSMNSMVUP\SMQQROZSdM
M0Sobozmvurqvomosmvozoxqzoxrupuqtxuzormoutzx{lvurxrmomo
NQM^QPOV]XS[ONUNQMNQZQPMS^RUPM^SPM]YMNQXQ[dM
MSMLMNOPQORSMUSMUNOVOSWUXMNQMOW[UX]cPONUNQMS]M^QPOV]XS[ONUNQM
VQ[[UMVSYMUMQXOYOWUijSMNU[MVSWNOikQ[MS]MNS[MPO[VS[M]QMNQPUYM
VU][UMUM[]UMVSWVQ[[jSdM
n

PRdM1dMGUZQPM^QPYUWQWRQMVSWRPSXQMNUMUROZONUNQMNQM[QPZONSPQ[M
QYMS^QPUikQ[MS]MXSVUO[MVSW[ONQPUNS[M^QWS[S[gMOW[UX]cPQ[MS]M
^QPO\S[S[dM
aUP\PUSMbWOVSdMM[QPZONSPUM\Q[RUWRQMS]MXUVRUWRQM[QPM
UU[RUNUgMQW]UWRSMN]PUPMUM\Q[RUijSMQMUMXUVRUijSgMNU[MS^QPUikQ[MQM
XSVUO[M^PQZO[RS[MWQ[RQMUPRO\SgMQQPVQWNSM[]U[MUROZONUNQ[MQYMXSVUXM
[UX]cPQMQMQYM[QPZOiSMWjSM^QWS[SMQMWjSM^QPO\S[SdM
PRdM7edMUMVSWVQ[[jSMNS[MUNOVOSWUO[MNQMUROZONUNQ[M^QWS[U[gMNQM
OW[UX]cPONUNQMQMNQM^QPOV]XS[ONUNQgM[QPjSMSc[QPZUNU[MU[M[OR]UikQ[M
mzyxlm{mpurxzomno{mwuz{x|qomzmpspxo
PRdM70dMLMUNOVOSWUXMNQMUROZONUNQM^QWS[UM[QPMNQZONSMUS[M
[QPZONSPQ[MQYMQQPVVOSMQYMSWU[MNQMPSWRQOPUMS]MQYMXSVUXONUNQ[M
pxzopqtru|}mzormourxoqozyusmnotqzoymvnqzopqtru|}mzomo
{unuymzosxrqzomnovmw{xnmtyqo
PRdM7dML[MXSVUO[MNQMRPUcUXfSMQMS[M[QPZONSPQ[M]QMS^QPUYMVSYM
7UOS[MMS]M[]c[R8WVOU[MPUNOSUROZU[M[QPjSMYUWRONS[M[ScMVSWRPSXQM
^QPYUWQWRQgMNQMYSNSM]QMU[MNS[Q[MNQMPUNOUijSMOSWOUWRQMWjSM
]XRPU^U[[QYMSMWZQXMYOYSM^PQZO[RSMWUMXQ\O[XUijSM^P~^POUdM
aUP\PUSMbWOVSdML[M[QPZONSPQ[MUM]QM[QMPQQPQMQ[RQMUPRO\SM[QPjSM
[]cYQRONS[MUMQUYQ[MYTNOVS[MUMVUNUMM[QO[MYQ[Q[dM
<3;56
569954>86526<;2=956J2>5294295
PRdM76dMLM[QPZOiSMQRPUSPNOWPOSM[QPMPQY]WQPUNSMVSYM
UVPT[VOYSMNQMfe MVOW]QWRUM^SPMVQWRSMQYMPQXUijSMMfSPUMWSPYUXM
NQMRPUcUXfSdM
PRdM7dMSYQWRQM[QPM^QPYORONSM[QPZOiSMQRPUSPNOWPOSM^UPUM
URQWNQPMUM[OR]UikQ[MQVQ^VOSWUO[MQMRQY^SPPOU[gMPQ[^QORUNSMSMXOYORQM
YOYSMNQMMN]U[MfSPU[M^SPMhSPWUNUdM
<3;56 K
569954>86I53245
PRdM7fdMLM[QPZOiSMWSR]PWSgM^PQ[RUNSMQYMfSPPOSMVSY^PQQWNONSM
QWRPQMMZOWRQMQMN]U[MfSPU[MNQM]YMNOUMQMfMVOWVSMfSPU[MNSMNOUM
[Q\]OWRQgMRQPMSMZUXSPfSPUMUVPQ[VONSMNQMf MZOWRQMQMVOWVSM^SPM
VQWRSgMVSY^]RUWNS[QMVUNUMfSPUMVSYSMVOW]QWRUMQMNSO[MYOW]RS[M
QMRPOWRUM[Q\]WNS[dM
aUP\PUSMbWOVSdMeYM[QMRPURUWNSMNQM[QPZOiSMQRPUSPNOWPOSgMSM
UVPT[VOYSMNQM]QMRPURUMQ[RQMUPRO\SMOWVONOPM[ScPQMUMPQY]WQPUijSM
^PQZO[RUMWSMUPRdM76dM
<3;56 KK
569954>86;629>
PRdM7dMWNQ^QWNQWRQYQWRQMNQM[SXOVORUijSgM[QPM^U\SMUSM
[QPZONSPgM^SPMSVU[OjSMNU[MTPOU[gM]YMUNOVOSWUXMVSPPQ[^SWNQWRQMUM06M
]YMRQPiSMNUMPQY]WQPUijSMNSM^QPSNSMNU[MTPOU[dM
aUP\PUSMbWOVSdMSMVU[SMNQMSM[QPZONSPMQQPVQPM]WijSMNQM
ruvm|qopmsxoqoxzzmzzqvxnmtyqoqoqpxvopxvwqomnopqnuzzqo
UMPQ[^QVROZUMZUWRU\QYM[QPMVSW[ONQPUNUMWSMVXV]XSMNSMUNOVOSWUXMNQM
]QMRPURUMQ[RQMUPRO\SdM
<3;56 KKK
06
vyokFoovxyuspx|qoqvotpxvwqormovzqoqoqtpvzqo
TMNQZONUMUSM[QPZONSPM]QgMQYMVUPRQPMQZQWR]UX_M


M M UR]UPM VSYSM OW[RP]RSPM QYM V]P[SM NQM SPYUijSgM NQM
NQ[QWZSXZOYQWRSMS]MNQMRPQOWUYQWRSMPQ\]XUPYQWRQMOW[ROR]NSMWSM
8YcORSMNUMUNYOWO[RPUijSM^bcXOVUMQNQPUXM
MM^UPROVO^UPMNQMcUWVUMQUYOWUNSPUMS]MNQMVSYO[[jSM^UPUM
QUYQ[MSPUO[gM^UPUMUWXO[QMV]PPOV]XUPgM^UPUMVSPPQijSMNQM^PSZU[M
NO[V]P[OZU[gM^UPUMQXUcSPUijSMNQM]Q[RkQ[MNQM^PSZU[MS]M^UPUM
h]X\UYQWRSMNQMPQV]P[S[MOWRQWRUNS[M^SPMVUWNONURS[M
MM^UPROVO^UPMNUMXS\[ROVUMNQM^PQ^UPUijSMQMNQMPQUXOUijSM
NQMVSWV]P[SM^bcXOVSMQWZSXZQWNSMUROZONUNQ[MNQM^XUWQhUYQWRSgM
VSSPNQWUijSgM[]^QPZO[jSgMQQV]ijSMQMUZUXOUijSMNQMPQ[]XRUNSgM
]UWNSMRUO[MUROZONUNQ[MWjSMQ[ROZQPQYMOWVX]NU[MQWRPQMU[M[]U[M
URPOc]OikQ[M^QPYUWQWRQ[M
oFoxvyupuxvorxox{upx|qoszpx{uxvoqoxx{uxvovqxzormo
QUYQMZQ[ROc]XUPMS]MNQMVSWV]P[SM^bcXOVSMS]M[]^QPZO[OSWUPMQ[[U[M
UROZONUNQ[dM
M0Sobzopvuyvuqzormopqtpmzzqomoqzo{unuymzorxowvxyuspx|qormo
moyvxyxomzymoxvyuwqozmvqosxrqzomnovmw{xnmtyqoqlzmvxrqzoqzo
[Q\]OWRQ[M^UP8YQRPS[_M
oFoqox{qvorxowvxyuspx|qozmvopx{p{xrqomnoqvxzoqlzmvxrxzo
UMWUR]PQUMQMUMVSY^XQONUNQMNUMUROZONUNQMQQPVONUM
MMUMPQRPOc]OijSMWjSM^SNQPM[QPM[]^QPOSPMUSMQ]OZUXQWRQMUM0eM
VQWRSMQMZOWRQMfSPU[MNQMRPUcUXfSMUW]UO[gMPQ[[UXZUNUM[OR]UijSMNQM
mpmpuqtx{urxrmormurxnmtymozyuspxrxomovmuxnmtymoxvqxrxo
^QXUMU]RSPONUNQMYOYUMNSM~P\jSMS]MQWRONUNQgM]QM^SNQPMU]RSPOUPM
SMUVPT[VOYSMNQMURTM0eMVQWRSMQMZOWRQMfSPU[MNQMRPUcUXfSMUW]UO[
MMMSMZUXSPMYOYSMNUMfSPUMRPUcUXfUNUMVSPPQ[^SWNQPMUS[M
[Q\]OWRQ[M^QPVQWR]UO[gMOWVONQWRQ[M[ScPQMSMYUOSPMZQWVOYQWRSMc[OVSM
NUMUNYOWO[RPUijSM^bcXOVUMQNQPUX_M
UMg MNSO[MOWRQOPS[MQMNSO[MNTVOYS[M^SPMVQWRSgMQYM[QMRPURUWNSM
NQMUROZONUNQ[M^PQZO[RU[MWS[MOWVO[S[MMQMMNSMVU^]RMNQ[RQMUPRO\SM
cM0g M]YMOWRQOPSMQMNSO[MNTVOYS[M^SPMVQWRSgMQYM[QMRPURUWNSM
NQMUROZONUNQM^PQZO[RUMWS[MOWVO[S[MMQMcMNSMVU^]RMNQ[RQMUPRO\SdM
MSoovxyuspx|qoqvotpxvwqormovzqoqoqtpvzqo
[SYQWRQM[QPM^U\UM[QMU[MUROZONUNQ[MPQQPONU[MWS[MOWVO[S[MNSMVU^]RM
NQ[RQMUPRO\SMSPQYMQQPVONU[M[QYM^PQh]SMNU[MURPOc]OikQ[MNSMVUP\SM
NQM]QMSM[QPZONSPMSPMROR]XUPgMNQZQWNSM[QPMSchQRSMNQMVSY^QW[UijSM
NQMVUP\UMfSPPOUM]UWNSMNQ[QY^QWfUNU[MN]PUWRQMUMhSPWUNUMNQM
RPUcUXfSgMWUMSPYUMNSMMSMNSMUPRdM12MNQ[RUM9QOdM
M6Soovxyuspx|qoqvotpxvwqormovzqoqoqtpvzqotqozmo
OWVSP^SPUMUSMZQWVOYQWRSMS]M[UXPOSMNSM[QPZONSPM^UPUM]UX]QPMQQORSM
QMWjSM^SNQPM[QPM]ROXOUNUMVSYSMcU[QMNQMVXV]XSM^UPUM]UO[]QPM
qyvxzoxtyxwmtzoutp{zumoxvxostzormop{p{qorqzovqmtyqzorxo
U^S[QWRUNSPOUMQMNU[M^QW[kQ[dM
G>3856KKK
>629>
PRdM77dMLM[QPZONSPMUPMh][MUMRPOWRUMNOU[MNQMTPOU[gM]QM
^SNQYM[QPMUV]Y]XUNU[gMURTMSMYOYSMNQMNSO[M^QPSNS[gMWSMVU[SM
NQMWQVQ[[ONUNQMNSM[QPZOiSgMPQ[[UXZUNU[MU[MfO^~RQ[Q[MQYM]QMfUhUM
{mwuz{x|qomzmpspxo
M0SMaUPUMSM^POYQOPSM^QPSNSMU]O[OROZSMNQMTPOU[M[QPjSMQO\ONS[M
0MNSQMYQ[Q[MNQMQQPVVOSdM
MSoComrxrqo{mxvoZopqtyxormovuxzox{mvox{yxoxqozmvu|qo
M6SM[MTPOU[M^SNQPjSM[QPM^UPVQXUNU[MQYMURTMRP[MQRU^U[gMNQ[NQM
]QMU[[OYMPQ]QPONU[M^QXSM[QPZONSPgMQMWSMOWRQPQ[[QMNUMUNYOWO[RPUijSM
^bcXOVUd
PRdM72dMLM^U\UYQWRSMNUMPQY]WQPUijSMNU[MTPOU[M[QPMQQR]UNSM
URTMMNSO[MNOU[MUWRQ[MNSMOWVOSMNSMPQ[^QVROZSM^QPSNSgMSc[QPZUWNS
[QMSMNO[^S[RSMWSMM0SMNQ[RQMUPRO\SdM


M01M7QZS\UNSM^QXUM9QOMWM1df7gMNQM0ed0d17
M1M7QZS\UNSM^QXUM9QOMWM1df7gMNQM0ed0d17
M6SMLM[QPZONSPMQSWQPUNSMNSMVUP\SMQQROZSgMS]MQYMVSYO[[jSgM
^QPVQcQPMOWNQWOUijSMPQXUROZUMUSM^QPSNSMNU[MTPOU[MUM]QMROZQPM
NOPQORSMQMUSMOWVSY^XQRSgMWUM^PS^SPijSMNQM]YMNSQMUZS[M^SPMY[MNQM
QQROZSMQQPVVOSgMS]MPUijSM[]^QPOSPMUM]URSPQMNOU[dM
MSMMOWNQWOUijSM[QPMVUXV]XUNUMVSYMcU[QMWUMPQY]WQPUijSM
NSMY[MQYM]QMSPM^]cXOVUNSMSMURSMQSWQPUR~POSd
MfSMeYMVU[SMNQM^UPVQXUYQWRSgMSM[QPZONSPMPQVQcQPMSMZUXSPM
UNOVOSWUXM^PQZO[RSMWSMOWVO[SMcMNSMUPRdM7SMNUMSW[ROR]OijSMQNQPUXM
]UWNSMNUM]ROXOUijSMNSM^POYQOPSM^QPSNSd
MPRdM71dMLM[QPZONSPM]QMS^QPUMNOPQRUMQM^QPYUWQWRQYQWRQM
VSYM7UOS[MMS]M[]c[R8WVOU[MPUNOSUROZU[M\SUPMeMZOWRQMNOU[M
pqtzmpyuqzormovuxzoqvozmnmzyvmormoxyuurxrmovqszzuqtx{o
^PSOcONUMQYM]UX]QPMfO^~RQ[QMUMUV]Y]XUijSdM
aUP\PUSMbWOVSd7QZS\UNSM^QXUM9QOMWM1df7gMNQM0ed0d17
PRdM2edM[MTPOU[M[SYQWRQM^SNQPjSM[QPMOWRQPPSY^ONU[M^SPM
YSROZSMNQMVUXUYONUNQM^bcXOVUgMVSYSijSMOWRQPWUgMVSWZSVUijSM^UPUM
hbPOgM[QPZOiSMYOXORUPMS]MQXQORSPUXgMS]M^SPMWQVQ[[ONUNQMNSM[QPZOiSM
NQVXUPUNUM^QXUMU]RSPONUNQMYOYUMNSM~P\jSMS]MQWRONUNQd
MaUP\PUSMbWOVSdMLMPQ[RUWRQMNSM^QPSNSMOWRQPPSY^ONSM[QPM
\SUNSMNQM]YUM[~MZQgMSc[QPZUNSMSMNO[^S[RSMWSMUPRdM77d
G>3856K
>69;4>
<;56K
959;6;2>9
PRdM20dMSWVQNQP[QMUSM[QPZONSPMXOVQWiU_M
MM^SPMYSROZSMNQMNSQWiUMQYM^Q[[SUMNUMUYXOUM
MM^SPMYSROZSMNQMUU[RUYQWRSMNSMVWh]\QMS]MVSY^UWfQOPSM
MM^UPUMSM[QPZOiSMYOXORUPM
cMM^UPUMUROZONUNQM^SXROVUM
cMM^PYOSM^SPMU[[ON]ONUNQ
cMM^UPUMVU^UVORUijSM
cMM^UPUMRPURUPMNQMOWRQPQ[[Q[M^UPROV]XUPQ[M
cMM^UPUMNQ[QY^QWfSMNQMYUWNURSMVXU[[O[RUdM
M0SMMXOVQWiUM^PQZO[RUMWSMOWVO[SMMNSMVU^]RMNQ[RQMUPRO\SMcQYM
VSYSMVUNUM]YUMNQM[]U[M^PSPPS\UikQ[M[QPjSM^PQVQNONU[MNQMQUYQM
qvomvpuxonrupxoqspux{oqlzmvxrqoqoruzqzyqotqoxvyoormzyxo
9QOdM
MSM7QZS\UNSM^QXUM9QOMWM1df7gMNQM0ed0d17
M6SoComrxrqoqommvppuqormoxyuurxrmovmntmvxrxorvxtymoqo
^QPSNSMNUMXOVQWiUM^PQZO[RUMWSMOWVO[SMMNQ[RQMUPRO\SdM
PRdM2dMMXOVQWiUMVSWVQNONUMNQWRPSMNQMeM[Q[[QWRUMNOU[M
NSMRTPYOWSMNQMS]RPUMNUMYQ[YUMQ[^TVOQM[QPMVSW[ONQPUNUMVSYSM
^PSPPS\UijSdM
<;56KK
>69;4>6526! 59=56;65;4>6;:6;5>6>6>:89>
PRdM26dMaSNQPM[QPMVSWVQNONUMXOVQWiUMUSM[QPZONSPM^SPMYSROZSM
rmorqmt|xorqop3twmoqopqnxtmuvqorqzoxuzorqzos{qzorqo
^UNPU[RSMS]MYUNPU[RUMQMQWRQUNSgMS]MNQ^QWNQWRQM]QMZOZUMUM[]U[M
Q^QW[U[MQMVSW[RQMNSM[Q]MU[[QWRUYQWRSM]WVOSWUXgMYQNOUWRQM
pqnvqx|qoqvomvpuxonrupxoqspux{o
M0SMMXOVQWiUM[SYQWRQM[QPMNQQPONUM[QMUMU[[O[RWVOUMNOPQRUMNSM
[QPZONSPMSPMOWNO[^QW[ZQXMQMWjSM^]NQPM[QPM^PQ[RUNUM[OY]XRUWQUYQWRQM
VSYMSMQQPVVOSMNSMVUP\SMS]MYQNOUWRQMVSY^QW[UijSMNQMfSPPOSgMWUM
SPYUMNSMNO[^S[RSMWSMOWVO[SMMNSMUPRdMd


MSMMXOVQWiUMNQM]QMRPURUMSMVU^]RgMOWVX]NU[MU[M^PSPPS\UikQ[gM
^SNQPM[QPMVSWVQNONUMUMVUNUM^QPSNSMNQMNSQMYQ[Q[MWU[M[Q\]OWRQ[M
VSWNOikQ[_M
MM^SPMURTMeM[Q[[QWRUMNOU[gMVSW[QV]ROZS[MS]MWjSgMYUWRONUMUM
PQY]WQPUijSMNSM[QPZONSPMQM
MM^SPMURTM1eMWSZQWRUMNOU[gMVSW[QV]ROZS[MS]MWjSgM[QYM
PQY]WQPUijSdM
M6SMLMOWVOSMNSMOWRQP[RVOSMNQM0MNSQMYQ[Q[M[QPMVSWRUNSMUM
^UPROPMNUMNURUMNSMNQQPOYQWRSMNUM^POYQOPUMXOVQWiUMVSWVQNONUdM
MSMM[SYUMNU[MXOVQWiU[MPQY]WQPUNU[MQMNU[MXOVQWiU[MWjSM
PQY]WQPUNU[gMOWVX]NU[MU[MPQ[^QVROZU[M^PSPPS\UikQ[gMVSWVQNONU[M
QYM]YMYQ[YSM^QPSNSMNQM0MNSQMYQ[Q[gMSc[QPZUNSMSMNO[^S[RSM
WSMM6SgMWjSM^SNQPM]XRPU^U[[UPMS[MXOYORQ[MQ[RUcQXQVONS[MWS[MOWVO[S[M
MQMMNSMMSdM
<;56KKK
>69;4>6526! 59=56;6>>:;45656G243;
PRdM2dMaSNQPM[QPMVSWVQNONUMXOVQWiUMUSM[QPZONSPM^UPUM
UVSY^UWfUPMVWh]\QMS]MVSY^UWfQOPSM]QMSOMNQ[XSVUNSM^UPUMS]RPSM
^SWRSMNSMRQPPOR~POSMWUVOSWUXgM^UPUMSMQRQPOSPMS]M^UPUMSMQQPVVOSMNQM
YUWNURSMQXQROZSMNS[MaSNQPQ[MeQV]ROZSMQM9Q\O[XUROZSdM
M0SMMXOVQWiUM[QPM^SPM^PUSMOWNQRQPYOWUNSMQM[QYMPQY]WQPUijSdM
M SM SM NQ[XSVUYQWRSM NQM [QPZONSPM V]hSM VWh]\QM S]M
VSY^UWfQOPSMRUYcTYM[QhUM[QPZONSPM^bcXOVSgMVOZOXMS]MYOXORUPgMNQM
]UX]QPMNS[MaSNQPQ[MNUM5WOjSgMNS[Me[RUNS[gMNSM`O[RPORSMQNQPUXM
QMNS[M6 ]WOV^OS[gM^SNQPMfUZQPMQQPVVOSM^PSZO[~POSMQYM~P\jSM
S]MQWRONUNQMNUMNYOWO[RPUijSMQNQPUXMNOPQRUgMU]RP]OVUMS]M
]WNUVOSWUXgMNQ[NQM]QM^UPUMSMQQPVVOSMNQMUROZONUNQMVSY^URZQXM
VSYMSM[Q]MVUP\Sd
<;56K
>69;4>6>2>656<;2=956! 989>2
PRdM2fdMSM[QPZONSPMVSWZSVUNSM^UPUMSM[QPZOiSMYOXORUPM[QPM
VSWVQNONUMXOVQWiUgMWUMSPYUMQMVSWNOikQ[M^PQZO[RU[MWUMXQ\O[XUijSM
mzmpspxo
aUP\PUSMbWOVSdMSWVX]NSMSM[QPZOiSMYOXORUPgMSM[QPZONSPMRQPM
URTM6eMRPOWRUMNOU[M[QYMPQY]WQPUijSM^UPUMPQU[[]YOPMSMQQPVVOSM
NSMVUP\SdM
<;56
>69;4>6>2>69=9>;6589>
PRdM2dMLM[QPZONSPMRQPMNOPQORSMUMXOVQWiUgM[QYMPQY]WQPUijSgM
N]PUWRQMSM^QPSNSM]QMYQNOUPMQWRPQMUM[]UMQ[VSXfUMQYMVSWZQWijSM
^UPRONPOUgMVSYSMVUWNONURSMUMVUP\SMQXQROZSgMQMUMZT[^QPUMNSMPQ\O[RPSM
NQM[]UMVUWNONUR]PUM^QPUWRQMUM
][ROiUMeXQORSPUXdM
M0SMLM[QPZONSPMVUWNONURSMUMVUP\SMQXQROZSMWUMXSVUXONUNQMSWNQM
rmzmnmtxozxzot|}mzomomommv|xopxvwqormoruvm|qopmsxo
xzzmzzqvxnmtyqoxvvmpxrx|qoqoszpx{ux|qorm{mozmvoxxzyxrqoxo
^UPROPMNSMNOUMOYQNOURSMUSMNSMPQ\O[RPSMNQM[]UMVUWNONUR]PUM^QPUWRQMUM

][ROiUMeXQORSPUXgMURTMSMNTVOYSMNOUM[Q\]OWRQMUSMNSM^XQORSdM
MSMM^UPROPMNSMPQ\O[RPSMNUMVUWNONUR]PUMQMURTMSMNTVOYSMNOUM
[Q\]OWRQMUSMNUMQXQOijSgMSM[QPZONSPMUPMh][MMXOVQWiUgMU[[Q\]PUNS[MS[M
ZQWVOYQWRS[MNSMVUP\SMQQROZSgM[SYQWRQM^QXSM^QPSNSMNQMRP[MYQ[Q[d
<;56 K
>69;4>6>2>6G>>9>56
PRdM27dM^~[MVUNUM]OW]WOSMNQMQQROZSMQQPVVOSgMSM[QPZONSPM
^SNQPgMWSMOWRQPQ[[QMNUMNYOWO[RPUijSgMUU[RUP[QMNSMQQPVVOSMNSM
VUP\SMQQROZSgMVSYMUMPQ[^QVROZUMPQY]WQPUijSgM^SPMURTMRP[MYQ[Q[gM
xvxoxvyupuxvormopvzqormopxxpuyx|qovqszzuqtx{


aUP\PUSMbWOVSdML[M^QPSNS[MNQMXOVQWiUMNQM]QMRPURUMSMM
WjSM[jSMUV]Y]XZQO[dM
PRdM22d7QZS\UNSM^QXUM9QOMWM1df7gMNQM0ed0d17
PRdM21dM7QZS\UNSM^QXUM9QOMWM1df7gMNQM0ed0d17
PRdM1edMce`Ld
<;56 KK
>69;4>6>2>672>>26;6K4;2;;6>2938>2;
PRdM10dMMVPORTPOSMNUMNYOWO[RPUijSgM^SNQPjSM[QPMVSWVQNONU[M
USM[QPZONSPMSV]^UWRQMNQMVUP\SMQQROZSgMNQ[NQM]QMWjSMQ[RQhUMQYM
Q[R\OSM^PScUR~POSgMXOVQWiU[M^UPUMSMRPURSMNQMU[[]WRS[M^UPROV]XUPQ[M
^QXSM^PUSMNQMURTMRP[MUWS[MVSW[QV]ROZS[gM[QYMPQY]WQPUijSdM
aUP\PUSMbWOVSdMMXOVQWiUM^SNQPM[QPMOWRQPPSY^ONUgMUM]UX]QPM
RQY^SgMUM^QNONSMNSM[QPZONSPMS]MWSMOWRQPQ[[QMNSM[QPZOiSdM
<;56 KKK
>69;4>6>2>656;;:;4356;6! >4>56G8>9>
vyooCoxzzmwvxrqoxqozmvurqvoqoruvmuyqoZo{upmt|xozmno
PQY]WQPUijSM^UPUMSMNQ[QY^QWfSMNQMYUWNURSMQYMVSWQNQPUijSgM
QNQPUijSgMU[[SVOUijSMNQMVXU[[QMNQM8YcORSMWUVOSWUXgM[OWNOVURSM
vmvmzmtyxyuqorxopxymwqvuxoqomtyurxrmoszpx{uxrqvxorxovqszzqo
S]gMUOWNUgM^UPUM^UPROVO^UPMNQM\QPWVOUMS]MUNYOWO[RPUijSMQYM
[SVOQNUNQMVSS^QPUROZUMVSW[ROR]NUM^SPM[QPZONSPQ[M^bcXOVS[M^UPUM
^PQ[RUPM[QPZOiS[MUM[Q][MYQYcPS[gMSc[QPZUNSMSMNO[^S[RSMWUMUXWQUM
VMNSMOWVO[SMcMNSMUPRdM0eMNQ[RUM9QOgMVSWSPYQMNO[^S[RSMQYM
PQ\]XUYQWRSMQMSc[QPZUNS[MS[M[Q\]OWRQ[MXOYORQ[_M
MM^UPUMQWRONUNQ[MVSYMURTMfdeeeMU[[SVOUNS[gM]YM[QPZONSP
MM^UPUMQWRONUNQ[MVSYMfdee0MUM6edeeeMU[[SVOUNS[gMNSO[M
[QPZONSPQ[
MM^UPUMQWRONUNQ[MVSYMYUO[MNQM6edeeeMU[[SVOUNS[gMRP[M
[QPZONSPQ[d
M0SMSYQWRQM^SNQPjSM[QPMXOVQWVOUNS[M[QPZONSPQ[MQXQORS[M
^UPUMVUP\S[MNQMNOPQijSMS]MPQ^PQ[QWRUijSMWU[MPQQPONU[MQWRONUNQ[gM
NQ[NQM]QMVUNU[RPUNU[MWSM6 OWO[RTPOSMNUMNYOWO[RPUijSMQNQPUXMQM
7QSPYUMNSMe[RUNSd
M1MMXOVQWiUMRQPMN]PUijSMO\]UXMMNSMYUWNURSgM^SNQWNSM[QPM
^PSPPS\UNUgMWSMVU[SMNQMPQQXQOijSgMQM^SPM]YUMbWOVUMZQd
G>3856
56>>:;45
<;56K
56>>:;456>2>6<;2=926>6H32564256536J49>;
PRdM16dMLM[QPZONSPM^SNQPM[QPMVQNONSM^UPUMRQPMQQPVVOSMQYM
S]RPSM~P\jSMS]MQWRONUNQMNS[MaSNQPQ[MNUM5WOjSgMNS[Me[RUNS[gMS]MNSM
`O[RPORSMQNQPUXMQMNS[M6 ]WOV^OS[gMWU[M[Q\]OWRQ[MfO^~RQ[Q[_M
MM^UPUMQQPVVOSMNQMVUP\SMQYMVSYO[[jSMS]M]WijSMNQM
pqtsxt|xo
oFomnopxzqzovmuzyqzomno{muzomzmpspxz
MM0SMUMfO^~RQ[QMNSMOWVO[SMgM[QWNSMUMVQ[[jSM^UPUM~P\jS[MS]M
QWRONUNQ[MNS[Me[RUNS[gMNSM`O[RPORSMQNQPUXMS]MNS[M6 ]WOV^OS[gM
SMW][MNUMPQY]WQPUijSM[QPMNSM~P\jSMS]MQWRONUNQMVQ[[OSWPOUgM
YUWRONSMSMW][M^UPUMSMVQNQWRQMWS[MNQYUO[MVU[S[dM
MMUMfO^~RQ[QMNQMSM[QPZONSPMVQNONSMUMQY^PQ[UM^bcXOVUMS]M
[SVOQNUNQMNQMQVSWSYOUMYO[RUgMWS[MRQPYS[MNU[MPQ[^QVROZU[MWSPYU[gM
S^RUPM^QXUMPQY]WQPUijSMNSMVUP\SMQQROZSMS]M^QXUMPQY]WQPUijSM
NSMVUP\SMQQROZSMUVPQ[VONUMNQM^QPVQWR]UXMNUMPQRPOc]OijSMNSMVUP\SM
QYMVSYO[[jSgMUMQWRONUNQMVQ[[OSWPOUMQQR]UPMSMPQQYcSX[SMNU[M
NQ[^Q[U[MPQUXOUNU[M^QXSM~P\jSMS]MQWRONUNQMNQMSPO\QYdM


M6SMMVQ[[jSMUP[QMYQNOUWRQMaSPRUPOUM^]cXOVUNUMWSM`OPOSM
bspux{orxotuq
MSM6 QNOUWRQMU]RSPOUijSMQ^PQ[[UMNSMaPQ[ONQWRQMNUM
7Q^bcXOVUgMSM[QPZONSPMNSMaSNQPMeQV]ROZSM^SNQPMRQPMQQPVVOSMQYM
S]RPSM~P\jSMNUMNYOWO[RPUijSMQNQPUXMNOPQRUM]QMWjSMRQWfUM]UNPSM
vvuqormomzzqx{oxvxosnormymvnutxrqomoxovxqopmvyqo
MfM^XOVU[QMM5WOjSgMQYM[QMRPURUWNSMNQMQY^PQ\UNSMS]M
[QPZONSPM^SPMQXUMPQ]O[ORUNSgMU[MNO[^S[OikQ[MNS[MM0MQMMNQ[RQM
UPRO\Sd
MM[MVQ[[kQ[MNQMQY^PQ\UNS[MNQMQY^PQ[UM^bcXOVUMS]MNQM
[SVOQNUNQMNQMQVSWSYOUMYO[RUgM]QMPQVQcUMPQV]P[S[MNQMQ[S]PSM
UVOSWUXM^UPUMSMV][RQOSMRSRUXMS]M^UPVOUXMNUM[]UMSXfUMNQM^U\UYQWRSM
NQM^Q[[SUXgMOWNQ^QWNQYMNU[MNO[^S[OikQ[MVSWRONU[MWS[MOWVO[S[MM
QMMQMM0MQMormzymoxvyuwqospxtrqoqommvppuqorqomnvmwxrqo
pmrurqopqtrupuqtxrqoxoxyqvux|qomzmpspxorqo5 utuzyvuqorqo
aXUWQhUYQWRSgMLPiUYQWRSMQMQ[RjSgMQVQRSMWS[MVU[S[MNQMSV]^UijSM
rmopxvwqomnopqnuzzqoqot|qowvxyuspxrxo
M71MLM6 OWO[RTPOSMNSMaXUWQhUYQWRSgMLPiUYQWRSMQMQ[RjSgM
pqnoxostx{urxrmormovqnqmvoxopqnqzu|qorxoqv|xormoyvxlx{qo
NS[M~P\jS[MQMQWRONUNQ[MNUMNYOWO[RPUijSMabcXOVUMQNQPUXgM^SNQPM
NQRQPYOWUPMUMXSRUijSMS]MSMQQPVVOSMNQMQY^PQ\UNSMS]M[QPZONSPgM
OWNQ^QWNQWRQYQWRQMNUMSc[QPZ8WVOUMNSMVSW[RUWRQMWSMOWVO[SMMQMWS[M
M0MQMMNQ[RQMUPRO\SdM
<;56KK
56>>:;456>2>6J;2956;6! >4>56J8;9=5
PRdM1dMSM[QPZONSPMOWZQ[RONSMQYMYUWNURSMQXQROZSMU^XOVUY[QM
U[M[Q\]OWRQ[MNO[^S[OikQ[_
oFoyvxyxtrqFzmormonxtrxyqomrmvx{omzyxrx{oqoruzyvuyx{ospxvo
UU[RUNSMNSMVUP\SM
MMOWZQ[RONSMWSMYUWNURSMNQMaPQQORSgM[QPMUU[RUNSMNSMVUP\SgM
[QWNSXfQMUV]XRUNSMS^RUPM^QXUM[]UMPQY]WQPUijSM
MMOWZQ[RONSMWSMYUWNURSMNQMZQPQUNSP_M
UMfUZQWNSMVSY^UROcOXONUNQMNQMfSPPOSgM^QPVQcQPMU[MZUWRU\QW[M
NQM[Q]MVUP\SgM[QYM^PQh]SMNUMPQY]WQPUijSMNSMVUP\SMQXQROZSM
cMWjSMfUZQWNSMVSY^UROcOXONUNQMNQMfSPPOSgM[QPMUU[RUNSMNSM
VUP\SgM[QWNSXfQMUV]XRUNSMS^RUPM^QXUM[]UMPQY]WQPUijSdM
M0SMSMVU[SMNQMUU[RUYQWRSMNSMVUP\SgMSM[QPZONSPMVSWRPOc]OPM
^UPUMUM[Q\]PONUNQM[SVOUXMVSYSM[QMQYMQQPVVOSMQ[ROZQ[[QdM
MSMLM[QPZONSPMOWZQ[RONSMQYMYUWNURSMQXQROZSMS]MVXU[[O[RUMWjSM
^SNQPM[QPMPQYSZONSMS]MPQNO[RPOc]NSMNQMSVOSM^UPUMXSVUXONUNQM
NOZQP[UMNU]QXUMSWNQMQQPVQMSMYUWNURSdM
<;56KKK
56>>:;456>2>6J356536! 956456J;2952
PRdM1fdMLM[QPZONSPMWjSM^SNQPMU][QWRUP[QMNSMaU[M^UPUMQ[R]NSM
qonuzzqoqspux{ozmnoxyqvux|qorqovmzurmtymorxo6ml{upxo
aPQ[ONQWRQMNS[M7P\jS[MNSMaSNQPM9Q\O[XUROZSMQMaPQ[ONQWRQMNSM
]^PQYSMPOc]WUXMQNQPUXdM
M0SooxzWtpuxotqompmrmvoxooxyvqoxtqzomostrxoxo
YO[[jSMS]MQ[R]NSgM[SYQWRQMNQVSPPONSMO\]UXM^QPSNSgM[QPM^QPYORONUM
WSZUMU][WVOUdM
MSo qozmvurqvolmtmspuxrqom{qoruzqzyqotmzymoxvyuwqotqozmvo
VSWVQNONUMQSWQPUijSMS]MXOVQWiUM^UPUMRPURUPMNQMOWRQPQ[[QM^UPROV]XUPM
UWRQ[MNQMNQVSPPONSM^QPSNSMO\]UXMUSMNSMUU[RUYQWRSgMPQ[[UXZUNUMUM
fO^~RQ[QMNQMPQ[[UPVOYQWRSMNUMNQ[^Q[UMfUZONUMVSYM[Q]MUU[RUYQWRSdM
M6SMLMNO[^S[RSMWQ[RQMUPRO\SMWjSM[QMU^XOVUMUS[M[QPZONSPQ[MNUM
VUPPQOPUMNO^XSYROVUdM

MSM[MfO^~RQ[Q[gMVSWNOikQ[MQMSPYU[M^UPUMUMU]RSPOUijSMNQM
]QMRPURUMQ[RQMUPRO\SgMOWVX][OZQMWSM]QM[QMPQQPQMMPQY]WQPUijSMNSM
[QPZONSPgM[QPjSMNO[VO^XOWUNU[MQYMPQ\]XUYQWRSd
PRdM1dMLMUU[RUYQWRSMNQM[QPZONSPM^UPUM[QPZOPMQYMSP\UWO[YSM
OWRQPWUVOSWUXMNQM]QMSMPU[OXM^UPROVO^QMS]MVSYMSM]UXMVSS^QPQMNUP
[QMVSYM^QPNUMRSRUXMNUMPQY]WQPUijSdM
<;56K 6
56>>:;456>2>6>299>56;:6252>:>6;68
2>3>56<2956<;436456>
PRdM1dMLM[QPZONSPM^SNQPgMWSMOWRQPQ[[QMNUMNYOWO[RPUijSgM
QMNQ[NQM]QMUM^UPROVO^UijSMWjSM^S[[UMSVSPPQPM[OY]XRUWQUYQWRQMVSYM
SMQQPVVOSMNSMVUP\SMS]MYQNOUWRQMVSY^QW[UijSMNQMfSPPOSgMUU[RUP
[QMNSMQQPVVOSMNSMVUP\SMQQROZSgMVSYMUMPQ[^QVROZUMPQY]WQPUijSgM
^UPUM^UPROVO^UPMQYM^PS\PUYUMNQM^~[\PUN]UijSM[RPOVRSM[QW[]QYM
OW[ROR]OijSMNQMQW[OWSM[]^QPOSPMWSMaU[d
M0Soyqorqoruvuwmtymonunqorqovwqoqomtyurxrmormstuvo
QYMVSWSPYONUNQMVSYMUMXQ\O[XUijSMZO\QWRQgMS[M^PS\PUYU[MNQM
VU^UVORUijSMQMS[MVPORTPOS[M^UPUM^UPROVO^UijSMQYM^PS\PUYU[MNQM^~[
\PUN]UijSMWSMaU[gMVSYMS]M[QYMUU[RUYQWRSMNSM[QPZONSPgM]QM[QPjSM
xx{uxrqzoqvonopqnuyWopqtzyuyrqoxvxomzymosno
MSML[MUU[RUYQWRS[M^UPUMPQUXOUijSMNQM^PS\PUYU[MNQM
YQ[RPUNSMQMNS]RSPUNSM[SYQWRQM[QPjSMVSWVQNONS[MUS[M[QPZONSPQ[M
ROR]XUPQ[MNQMVUP\S[MQQROZS[MWSMPQ[^QVROZSM~P\jSMS]MQWRONUNQMfM
^QXSMYQWS[M6MRP[MUWS[M^UPUMYQ[RPUNSMQMM]URPSMUWS[M^UPUM
NS]RSPUNSgMOWVX]NSMSM^QPSNSMNQMQ[R\OSM^PScUR~POSgM]QMWjSM
RQWfUYM[QMUU[RUNSM^SPMXOVQWiUM^UPUMRPURUPMNQMU[[]WRS[M^UPROV]XUPQ[M
^UPUM\SSMNQMXOVQWiUMVU^UVORUijSMS]MVSYM]WNUYQWRSMWQ[RQMUPRO\SM
WS[MMNSO[MUWS[MUWRQPOSPQ[MMNURUMNUM[SXOVORUijSMNQMUU[RUYQWRSd
M6SML[MUU[RUYQWRS[M^UPUMPQUXOUijSMNQM^PS\PUYU[MNQM^~[
NS]RSPUNSM[SYQWRQM[QPjSMVSWVQNONS[MUS[M[QPZONSPQ[MROR]XUPQ[MNQM
VUP\S[MQQROZSMWSMPQ[^QVROZSM~P\jSMS]MQWRONUNQMfM^QXSMYQWS[M
]URPSMUWS[gMOWVX]NSMSM^QPSNSMNQMQ[R\OSM^PScUR~POSgMQM]QMWjSM
RQWfUYM[QMUU[RUNSM^SPMXOVQWiUM^UPUMRPURUPMNQMU[[]WRS[M^UPROV]XUPQ[M
S]MVSYM]WNUYQWRSMWQ[RQMUPRO\SgMWS[M]URPSMUWS[MUWRQPOSPQ[MMNURUM
NUM[SXOVORUijSMNQMUU[RUYQWRSdM
MSobzozmvurqvmzolmtmspuxrqzom{qzoxxzyxnmtyqzovmuzyqzo
WS[MM0SgMSMQM6SMNQ[RQMUPRO\SMRQPjSM]QM^QPYUWQVQPMWSMQQPVVOSM
NQM[]U[M]WikQ[MU^~[MSM[Q]MPQRSPWSM^SPM]YM^QPSNSMO\]UXMUSMNSM
UU[RUYQWRSMVSWVQNONSdM
MfSMU[SMSM[QPZONSPMZQWfUMUM[SXOVORUPMQSWQPUijSMNSMVUP\SM
S]MU^S[QWRUNSPOUgMUWRQ[MNQMV]Y^PONSMSM^QPSNSMNQM^QPYUWWVOUM
^PQZO[RSMWSMMSMNQ[RQMUPRO\SgMNQZQPMPQ[[UPVOPMSM~P\jSMS]MQWRONUNQgM
WUMSPYUMNSMUPRdM7MNUM9QOMWSM2d00gMNQM00MNQMNQQYcPSMNQM011egM
NS[M\U[RS[MVSYM[Q]MU^QPQOiSUYQWRSdM
MSoxzqoqozmvurqvotqoqlymtxoqoyy{qoqowvxomozyuspqo
[Q]MUU[RUYQWRSMWSM^QPSNSM^PQZO[RSgMU^XOVU[QMSMNO[^S[RSMWSMMfSM
NQ[RQMUPRO\SgM[UXZSMWUMfO^~RQ[QMVSY^PSZUNUMNQMSPiUMYUOSPMS]MNQM
VU[SMSPR]ORSgMUMVPORTPOSMNSMNOPO\QWRQMYOYSMNSM~P\jSMS]MQWRONUNQdM
M7SM^XOVU[QMM^UPROVO^UijSMQYM^PS\PUYUMNQM^~[\PUN]UijSM
WSMeRQPOSPgMU]RSPOUNSMWS[MRQPYS[MNSMUPRdM1fMNQ[RUM9QOgMSMNO[^S[RSM
WS[MM0SMUMSMNQ[RQMUPRO\SdM
G>3856 K
>6G54;;
PRdM17dMQYM]UX]QPM^PQh]SgM^SNQPMSM[QPZONSPMU][QWRUP[QM
NSM[QPZOiS_M
MM^SPM0M]YMNOUgM^UPUMNSUijSMNQM[UW\]QM


MM^SPMMNSO[MNOU[gM^UPUM[QMUXO[RUPMVSYSMQXQORSPM
MM^SPM2MSORSMNOU[MVSW[QV]ROZS[MQYMPUjSMNQM_M
UMVU[UYQWRSM
cMUXQVOYQWRSMNSMVWh]\QgMVSY^UWfQOPSgM^UO[gMYUNPU[RUMS]M
xrvxzyqos{qzomtymxrqzonmtqvozqlowxvrxoqoyym{xomouvnqzo
PRdM12dMQPMVSWVQNONSMfSPPOSMQ[^QVOUXMUSM[QPZONSPMQ[R]NUWRQgM
]UWNSMVSY^PSZUNUMUMOWVSY^UROcOXONUNQMQWRPQMSMfSPPOSMQ[VSXUPMQM
SMNUMPQ^UPROijSgM[QYM^PQh]SMNSMQQPVVOSMNSMVUP\SdM
M0SMaUPUMQQORSMNSMNO[^S[RSMWQ[RQMUPRO\SgM[QPMQO\ONUMUM
VSY^QW[UijSMNQMfSPPOSMWSM~P\jSMS]MQWRONUNQM]QMROZQPMQQPVVOSgM
PQ[^QORUNUMUMN]PUijSM[QYUWUXMNSMRPUcUXfSdM
MSMUYcTYM[QPMVSWVQNONSMfSPPOSMQ[^QVOUXMUSM[QPZONSPM
qvyxrqvormormspuWtpuxoxtrqopqnvqxrxoxotmpmzzurxrmoqvo
tyxonrupxoqspux{outrmmtrmtymnmtymormopqnmtzx|qormo
fSPPOSd
M6SM[MNO[^S[OikQ[MNSM^UP\PUSMUWRQPOSPM[jSMQRQW[OZU[M
xqozmvurqvomoymtxop3twmos{qoqormmtrmtymoqvyxrqvormo
rmspuWtpuxozupxomuwutrqFzmoqvnotmzymopxzqopqnmtzx|qormo
fSPPOSMWUMSPYUMNSMOWVO[SMMNSMUPRdMd
MSMQPMO\]UXYQWRQMVSWVQNONSMfSPPOSMQ[^QVOUXgMZOWV]XUNSMM
VSY^QW[UijSMNQMfSPPOSMUM[QPMQQROZUNUMWSM^PUSMNQMURTM0M]YMUWSgM
USM[QPZONSPM]QMNQ[QY^QWfQMUROZONUNQM^PQZO[RUMWS[MOWVO[S[MMQMMNSM
VU^]RMNSMUPRdM7MNQ[RUM9QOdM
PRdM11dMSM[QPZONSPMQ[R]NUWRQM]QMY]NUPMNQM[QNQMWSMOWRQPQ[[QM
NUMUNYOWO[RPUijSMTMU[[Q\]PUNUgMWUMXSVUXONUNQMNUMWSZUMPQ[ONWVOUM
S]MWUMYUO[M^P~OYUgMYURPV]XUMQYMOW[ROR]OijSMNQMQW[OWSMVSW\WQPQgM
QYM]UX]QPMT^SVUgMOWNQ^QWNQWRQYQWRQMNQMZU\UdM
aUP\PUSMbWOVSdMLMNO[^S[RSMWQ[RQMUPRO\SMQ[RQWNQ[QMUSMVWh]\QM
qopqnxtmuvqoxqzos{qzoqomtymxrqzorqozmvurqvomouxno
WUM[]UMVSY^UWfOUgMcQYMVSYSMUS[MYQWSPQ[M[ScM[]UM\]UPNUgMVSYM
U]RSPOUijSMh]NOVOUXdM
G>3856 KK
567;:56;6<;2=95
vyooCopqtyxrqoxvxoyqrqzoqzommuyqzoqoymnqormozmvu|qo
^bcXOVSMQNQPUXgMOWVX][OZQMSM^PQ[RUNSM[MSPiU[MPYUNU[dM
PRdM0e0dMMU^]PUijSMNSMRQY^SMNQM[QPZOiSM[QPMQORUMQYM
NOU[gM]QM[QPjSMVSWZQPRONS[MQYMUWS[gMVSW[ONQPUNSMSMUWSMVSYSMNQM
RPQQWRS[MQM[Q[[QWRUMQMVOWVSMNOU[dM
aUP\PUSMbWOVSdM7QZS\UNSM^QXUM9QOMWM1df7gMNQM0ed0d17
PRdM0edMXTYMNU[MU][WVOU[MUSM[QPZOiSM^PQZO[RU[MWSMUPRdM17gM
[jSMVSW[ONQPUNS[MVSYSMNQMQQROZSMQQPVVOSMS[MUU[RUYQWRS[MQYM
ZOPR]NQMNQ_M
MMTPOU[M
MMQQPVVOSMNQMVUP\SMQYMVSYO[[jSMS]MQ]OZUXQWRQgMQYM~P\jSM
S]MQWRONUNQMNS[MaSNQPQ[MNUM5WOjSgMNS[Me[RUNS[gM6 ]WOV^OS[MQM
`O[RPORSMQNQPUXM
MMQQPVVOSMNQMVUP\SMS]M]WijSMNQM\SZQPWSMS]MUNYOWO[RPUijSgM
QYM]UX]QPM^UPRQMNSMRQPPOR~POSMWUVOSWUXgM^SPMWSYQUijSMNSM
aPQ[ONQWRQMNUM7Q^bcXOVUM
cMM^UPROVO^UijSMQYM^PS\PUYUMNQMRPQOWUYQWRSMPQ\]XUPYQWRQM
OW[ROR]NSMS]MQYM^PS\PUYUMNQM^~[\PUN]UijSM[RPOVRSM[QW[]MWSMaU[gM
VSWSPYQMNO[^][QPMSMPQ\]XUYQWRSM
cMMNQ[QY^QWfSMNQMYUWNURSMQXQROZSMQNQPUXgMQ[RUN]UXgM
Y]WOVO^UXMS]MNSM`O[RPORSMQNQPUXgMQVQRSM^UPUM^PSYSijSM^SPM
YQPQVOYQWRSM
cMMhbPOMQMS]RPS[M[QPZOiS[MScPO\UR~POS[M^SPMXQOM
cMMYO[[jSMS]MQ[R]NSMWSMQRQPOSPgM]UWNSMU]RSPOUNSMSM
UU[RUYQWRSgMVSWSPYQMNO[^][QPMSMPQ\]XUYQWRS


cMMXOVQWiU_
UMM\Q[RUWRQgMMUNSRUWRQMQMM^URQPWONUNQM
cM^UPUMRPURUYQWRSMNUM^P~^POUM[UbNQgMURTMSMXOYORQMNQMZOWRQMQM
]URPSMYQ[Q[gMV]Y]XUROZSMUSMXSW\SMNSMRQY^SMNQM[QPZOiSM^bcXOVSM
^PQ[RUNSMM5WOjSgMQYMVUP\SMNQM^PSZOYQWRSMQQROZS
MVM^UPUMSMNQ[QY^QWfSMNQMYUWNURSMVXU[[O[RUMS]M^UPROVO^UijSMNQM
\QPWVOUMS]MUNYOWO[RPUijSMQYM[SVOQNUNQMVSS^QPUROZUMVSW[ROR]NUM
^SPM[QPZONSPQ[M^UPUM^PQ[RUPM[QPZOiS[MUM[Q][MYQYcPS[gMQVQRSM^UPUM
QQORSMNQM^PSYSijSM^SPMYQPQVOYQWRSM
roqvonqyuqormoxpurmtymomnozmvu|qoqorqmt|xovqszzuqtx{o
QM^UPUMVU^UVORUijSgMVSWSPYQMNO[^][QPMSMPQ\]XUYQWRS
M^SPMVSWZSVUijSM^UPUMSM[QPZOiSMYOXORUPM
MMNQ[XSVUYQWRSM^UPUMUMWSZUM[QNQMNQM]QMRPURUMSMUPRdM02M
MM^UPROVO^UijSMQYMVSY^QROijSMNQ[^SPROZUMWUVOSWUXMS]M
VSWZSVUijSM^UPUMOWRQ\PUPMPQ^PQ[QWRUijSMNQ[^SPROZUMWUVOSWUXgMWSM
xzoqotqomymvuqvopqtqvnmoruzqzyqomno{muomzmpspxo
MMUU[RUYQWRSM^UPUM[QPZOPMQYMSP\UWO[YSMOWRQPWUVOSWUXMNQM
]QMSMPU[OXM^UPROVO^QMS]MVSYMSM]UXMVSS^QPQdM
PRdM0e6dMSWRUP[QMU^QWU[M^UPUMQQORSMNQMU^S[QWRUNSPOUMQM
NO[^SWOcOXONUNQ_M
MMSMRQY^SMNQM[QPZOiSM^bcXOVSM^PQ[RUNSMUS[Me[RUNS[gM
6 ]WOV^OS[MQM`O[RPORSMQNQPUXM
MMUMXOVQWiUM^UPUMRPURUYQWRSMNQM[UbNQMNQM^Q[[SUXMNUMUYXOUM
NSM[QPZONSPgMVSYMPQY]WQPUijSgM]QMQVQNQPMUM6eMRPOWRUMNOU[MQYM
^QPSNSMNQM0MNSQMYQ[Q[dM
MMUMXOVQWiUM^UPUMUROZONUNQM^SXROVUgMWSMVU[SMNSMUPRdM2gMMSM
cMMSMRQY^SMVSPPQ[^SWNQWRQMUSMNQ[QY^QWfSMNQMYUWNURSM
QXQROZSMQNQPUXgMQ[RUN]UXgMY]WOVO^UXMS]MNO[RPORUXgMUWRQPOSPMUSMOW\PQ[[SM
WSM[QPZOiSM^bcXOVSMQNQPUXM
cMMSMRQY^SMNQM[QPZOiSMQYMUROZONUNQM^POZUNUgMZOWV]XUNUMM
aPQZONWVOUMSVOUXM
cMMSMRQY^SMNQM[QPZOiSMPQXUROZSMUMROPSMNQM\]QPPUM
cMMSMRQY^SMNQMXOVQWiUM^UPUMRPURUYQWRSMNUM^P~^POUM[UbNQM]QM
QVQNQPMSM^PUSMUM]QM[QMPQQPQMUMUXWQUM9cBMNSMOWVO[SMcMNSMUPRdM
0ed6
M0SMLMRQY^SMQYM]QMSM[QPZONSPMQ[RQZQMU^S[QWRUNSM[QPM
VSWRUNSMU^QWU[M^UPUMWSZUMU^S[QWRUNSPOUdM
MSMQPMVSWRUNSMQYMNScPSMSMRQY^SMNQM[QPZOiSM^PQ[RUNSM[M
SPiU[MPYUNU[MQYMS^QPUikQ[MNQM\]QPPUdM
M6SoComrxrxoxopqtyxwmnopn{xyuxormoymnqormozmvu|qo
^PQ[RUNSMVSWVSYORUWRQYQWRQMQYMYUO[MNQM]YMVUP\SMS]M]WijSMNQM
~P\jSMS]MQWRONUNQ[MNS[MaSNQPQ[MNUM5WOjSgMe[RUNSgM`O[RPORSMQNQPUXM
QM6 ]WOV^OSgMU]RUP]OUgM]WNUijSM^bcXOVUgM[SVOQNUNQMNQMQVSWSYOUM
YO[RUMQMQY^PQ[UM^bcXOVUd
G>3856 KKK
5692;956;6;95
vyooCoxzzmwvxrqoxqozmvurqvoqoruvmuyqormovmmvmvoxqzo
aSNQPQ[MabcXOVS[gMQYMNQQ[UMNQMNOPQORSMS]MOWRQPQ[[QMXQ\ROYSdM
PRdM0efdMLMPQ]QPOYQWRSM[QPMNOPO\ONSMMU]RSPONUNQMVSY^QRQWRQM
^UPUMNQVONOXSMQMQWVUYOWfUNSM^SPMOWRQPYTNOSMNU]QXUMUM]QMQ[ROZQPM
OYQNOURUYQWRQM[]cSPNOWUNSMSMPQ]QPQWRQdM
PRdM0edMUcQM^QNONSMNQMPQVSW[ONQPUijSMMU]RSPONUNQM]QM
fS]ZQPMQ^QNONSMSMURSMS]M^PSQPONSMUM^POYQOPUMNQVO[jSgMWjSM
^SNQWNSM[QPMPQWSZUNSd
aUP\PUSMbWOVSdMLMPQ]QPOYQWRSMQMSM^QNONSMNQMPQVSW[ONQPUijSM
NQM]QMRPURUYMS[MUPRO\S[MUWRQPOSPQ[MNQZQPjSM[QPMNQ[^UVfUNS[MWSM
^PUSMNQMfMVOWVSMNOU[MQMNQVONONS[MNQWRPSMNQM6eMRPOWRUMNOU[dM


PRdM0e7dMUcQPMPQV]P[S_McONQM9QOMWM0d6eegMNQMe0e
MMNSMOWNQQPOYQWRSMNSM^QNONSMNQMPQVSW[ONQPUijSM
MMNU[MNQVO[kQ[M[ScPQMS[MPQV]P[S[M[]VQ[[OZUYQWRQMOWRQP^S[RS[dM
M0SMLMPQV]P[SM[QPMNOPO\ONSMMU]RSPONUNQMOYQNOURUYQWRQM
[]^QPOSPMM]QMROZQPMQ^QNONSMSMURSMS]M^PSQPONSMUMNQVO[jSgMQgM
[]VQ[[OZUYQWRQgMQYMQ[VUXUMU[VQWNQWRQgM[MNQYUO[MU]RSPONUNQ[dM
MSMLMPQV]P[SM[QPMQWVUYOWfUNSM^SPMOWRQPYTNOSMNUMU]RSPONUNQM
UM]QMQ[ROZQPMOYQNOURUYQWRQM[]cSPNOWUNSMSMPQ]QPQWRQdM
PRdM 0e2dM LM ^PUSM ^UPUM OWRQP^S[OijSM NQM ^QNONSM NQM
PQVSW[ONQPUijSMS]MNQMPQV]P[SMTMNQM6eMRPOWRUMNOU[gMUMVSWRUPMNUM
^]cXOVUijSMS]MNUMVOWVOUgM^QXSMOWRQPQ[[UNSgMNUMNQVO[jSMPQVSPPONUdM
cONQM9QOMWM0d6eegMNQMe0e
PRdM0e1dMLMPQV]P[SM^SNQPM[QPMPQVQcONSMVSYMQQORSM[][^QW[OZSgM
UMh]SMNUMU]RSPONUNQMVSY^QRQWRQd
aUP\PUSMbWOVSdMeYMVU[SMNQM^PSZOYQWRSMNSM^QNONSMNQM
PQVSW[ONQPUijSMS]MNSMPQV]P[SgMS[MQQORS[MNUMNQVO[jSMPQRPSU\OPjSMM
NURUMNSMURSMOY^]\WUNSdM
PRdM00edMLMNOPQORSMNQMPQ]QPQPM^PQ[VPQZQ_
MMQYMfMVOWVSMUWS[gM]UWRSMUS[MURS[MNQMNQYO[[jSMQMNQMVU[[UijSM
NQMU^S[QWRUNSPOUMS]MNO[^SWOcOXONUNQgMS]M]QMUQRQYMOWRQPQ[[QM
^URPOYSWOUXMQMVPTNORS[MPQ[]XRUWRQ[MNU[MPQXUikQ[MNQMRPUcUXfSM
MMQYM0eMVQWRSMQMZOWRQMNOU[gMWS[MNQYUO[MVU[S[gM[UXZSM
xtrqoqyvqovxqoqvosxrqomno{muo
aUP\PUSMbWOVSdMLM^PUSMNQM^PQ[VPOijSM[QPMVSWRUNSMNUM
NURUMNUM^]cXOVUijSMNSMURSMOY^]\WUNSMS]MNUMNURUMNUMVOWVOUM^QXSM
OWRQPQ[[UNSgM]UWNSMSMURSMWjSMSPM^]cXOVUNSdM
PRdM000dMLM^QNONSMNQMPQVSW[ONQPUijSMQMSMPQV]P[SgM]UWNSM
VUcZQO[gMOWRQPPSY^QYMUM^PQ[VPOijSdM
PRdM00dMM^PQ[VPOijSMTMNQMSPNQYM^bcXOVUgMWjSM^SNQWNSM[QPM
PQXQZUNUM^QXUMUNYOWO[RPUijSdM
PRdM006dMaUPUMSMQQPVVOSMNSMNOPQORSMNQM^QROijSgMTMU[[Q\]PUNUM
ZO[RUMNSM^PSVQ[[SMS]MNSV]YQWRSgMWUMPQ^UPROijSgMUSM[QPZONSPMS]MUM
^PSV]PUNSPM^SPMQXQMVSW[ROR]NSdM
PRdM00dMMUNYOWO[RPUijSMNQZQPMPQZQPM[Q][MURS[gMUM]UX]QPM
RQY^SgM]UWNSMQOZUNS[MNQMOXQ\UXONUNQdM
PRdM00fdMjSMURUO[MQMOY^PSPPS\ZQO[MS[M^PUS[MQ[RUcQXQVONS[M
WQ[RQMU^R]XSgM[UXZSMYSROZSMNQMSPiUMYUOSPdM
73856K
56;9:;699894>2
G>3856K
56;=;2;
PRdM00dMjSMNQZQPQ[MNSM[QPZONSP_M
MMQQPVQPMVSYMQXSMQMNQNOVUijSMU[MURPOc]OikQ[MNSMVUP\SM
MM[QPMXQUXM[MOW[ROR]OikQ[MUM]QM[QPZOPM
MMSc[QPZUPMU[MWSPYU[MXQ\UO[MQMPQ\]XUYQWRUPQ[M
cM M V]Y^POPM U[M SPNQW[M []^QPOSPQ[gM QVQRSM ]UWNSM
YUWOQ[RUYQWRQMOXQ\UO[M
cMMURQWNQPMVSYM^PQ[RQU_M
UMUSM^bcXOVSMQYM\QPUXgM^PQ[RUWNSMU[MOWSPYUikQ[MPQ]QPONU[gM
PQ[[UXZUNU[MU[M^PSRQ\ONU[M^SPM[O\OXSM
cMMQ^QNOijSMNQMVQPRONkQ[MPQ]QPONU[M^UPUMNQQ[UMNQMNOPQORSM
S]MQ[VXUPQVOYQWRSMNQM[OR]UikQ[MNQMOWRQPQ[[QM^Q[[SUXM
VM[MPQ]O[OikQ[M^UPUMUMNQQ[UMNUMUQWNUMabcXOVUdM
cMMXQZUPMU[MOPPQ\]XUPONUNQ[MNQM]QMROZQPMVOWVOUMQYMPUjSM
NSMVUP\SMUSMVSWfQVOYQWRSMNUMU]RSPONUNQM[]^QPOSPMS]gM]UWNSM
fS]ZQPM[][^QORUMNQMQWZSXZOYQWRSMNQ[RUgMUSMVSWfQVOYQWRSMNQMS]RPUM
U]RSPONUNQMVSY^QRQWRQM^UPUMU^]PUijSM

cMMQXUPM^QXUMQVSWSYOUMNSMYURQPOUXMQMUMVSW[QPZUijSMNSM
^URPOYWOSM^bcXOVSM
cMM\]UPNUPM[O\OXSM[ScPQMU[[]WRSMNUMPQ^UPROijSM
M M YUWRQPM VSWN]RUM VSY^URZQXM VSYM UM YSPUXONUNQM
UNYOWO[RPUROZUM
MM[QPMU[[N]SMQM^SWR]UXMUSM[QPZOiSM
MMRPURUPMVSYM]PcUWONUNQMU[M^Q[[SU[M
MMPQ^PQ[QWRUPMVSWRPUMOXQ\UXONUNQgMSYO[[jSMS]MUc][SMNQM
^SNQPdM
aUP\PUSMbWOVSdMMPQ^PQ[QWRUijSMNQM]QMRPURUMSMOWVO[SMM
[QPMQWVUYOWfUNUM^QXUMZOUMfOQPP]OVUMQMU^PQVOUNUM^QXUMU]RSPONUNQM
[]^QPOSPM]QXUMVSWRPUMUM]UXMTMSPY]XUNUgMU[[Q\]PUWNS[QMUSM
PQ^PQ[QWRUWNSMUY^XUMNQQ[UdM
G>3856KK
>62599;
PRdM007dMSM[QPZONSPMTM^PSOcONS_M
MMU][QWRUP[QMNSM[QPZOiSMN]PUWRQMSMQ^QNOQWRQgM[QYM^PTZOUM
U]RSPOUijSMNSMVfQQMOYQNOURSM
MMPQROPUPgM[QYM^PTZOUMUW]WVOUMNUMU]RSPONUNQMVSY^QRQWRQgM
]UX]QPMNSV]YQWRSMS]MSchQRSMNUMPQ^UPROijSM
MMPQV][UPMTMUMNSV]YQWRS[M^bcXOVS[M
oFoqqvovmzuzyWtpuxoutzyuspxrxoxqoxtrxnmtyqormorqpnmtyqo
QM^PSVQ[[SMS]MQQV]ijSMNQM[QPZOiSM
cMM^PSYSZQPMYUWOQ[RUijSMNQMU^PQiSMS]MNQ[U^PQiSMWSMPQVOWRSM
NUMPQ^UPROijSM
cMMVSYQRQPMUM^Q[[SUMQ[RPUWfUMMPQ^UPROijSgMSPUMNS[MVU[S[M
^PQZO[RS[MQYMXQOgMSMNQ[QY^QWfSMNQMURPOc]OijSM]QM[QhUMNQM[]UM
PQ[^SW[UcOXONUNQMS]MNQM[Q]M[]cSPNOWUNSM
oFopqxwuvoqox{upuxvozlqvrutxrqzotqozmtyurqormos{uxvmnFzmoxo
xzzqpux|qovqszzuqtx{oqozutrupx{oqoxoxvyurqoq{yupqo
oFonxtymvozqlozxopmsxounmruxyxomnopxvwqoqot|qormo
pqtsxt|xop3twmopqnxtmuvqoqoxvmtymoxyoqozmwtrqowvxo
VOZOXM
MMZUXQP[QMNSMVUP\SM^UPUMXS\PUPM^PSZQORSM^Q[[SUXMS]MNQM
S]RPQYgMQYMNQRPOYQWRSMNUMNO\WONUNQMNUM]WijSM^bcXOVUM
MM^UPROVO^UPMNQM\QPWVOUMS]MUNYOWO[RPUijSMNQM[SVOQNUNQM
vuxrxomvzqtuspxrxoqotqomvzqtuspxrxommvpmvoqopqnvpuqo
QVQRSMWUM]UXONUNQMNQMUVOSWO[RUgMVSRO[RUMS]MVSYUWNORPOSM
MMUR]UPgMVSYSM^PSV]PUNSPMS]MOWRQPYQNOPOSgMh]WRSMUM
PQ^UPROikQ[M^bcXOVU[gM[UXZSM]UWNSM[QMRPURUPMNQMcQWQVOS[M
^PQZONQWVOPOS[MS]MU[[O[RQWVOUO[MNQM^UPQWRQ[MURTMSM[Q\]WNSM\PU]gMQM
NQMVWh]\QMS]MVSY^UWfQOPSM
MMPQVQcQPM^PS^OWUgMVSYO[[jSgM^PQ[QWRQMS]MZUWRU\QYMNQM
]UX]QPMQ[^TVOQgMQYMPUjSMNQM[]U[MURPOc]OikQ[M
MMUVQORUPMVSYO[[jSgMQY^PQ\SMS]M^QW[jSMNQMQ[RUNSM
Q[RPUW\QOPSM
cMM^PUROVUPM][]PUM[ScM]UX]QPMNQM[]U[MSPYU[M
cMM^PSVQNQPMNQMSPYUMNQ[ONOS[UM
cMM]ROXOUPM^Q[[SUXMS]MPQV]P[S[MYURQPOUO[MNUMPQ^UPROijSMQYM
[QPZOiS[MS]MUROZONUNQ[M^UPROV]XUPQ[M
cMMVSYQRQPMUMS]RPSM[QPZONSPMURPOc]OikQ[MQ[RPUWfU[MUSMVUP\SM
]QMSV]^UgMQVQRSMQYM[OR]UikQ[MNQMQYQP\WVOUMQMRPUW[OR~POU[M
cMMQQPVQPM]UO[]QPMUROZONUNQ[M]QM[QhUYMOWVSY^URZQO[M
VSYMSMQQPVVOSMNSMVUP\SMS]M]WijSMQMVSYMSMfSPPOSMNQMRPUcUXfSM
MMPQV][UP[QMUMUR]UXOUPM[Q][MNUNS[MVUNU[RPUO[M]UWNSM
[SXOVORUNSd6


aUP\PUSMbWOVSdMMZQNUijSMNQM]QMRPURUMSMOWVO[SMMNSMVU^]R
NQ[RQMUPRO\SMWjSM[QMU^XOVUMWS[M[Q\]OWRQ[MVU[S[_M
oFoxvyupux|qotqzopqtzm{qzormoxrnutuzyvx|qomoszpx{o
NQMQY^PQ[U[MS]MQWRONUNQ[MQYM]QMUM5WOjSMNQRQWfUgMNOPQRUMS]M
OWNOPQRUYQWRQgM^UPROVO^UijSMWSMVU^ORUXM[SVOUXMS]MQYM[SVOQNUNQM
VSS^QPUROZUMVSW[ROR]NUM^UPUM^PQ[RUPM[QPZOiS[MUM[Q][MYQYcPS[MQM
MM\SSMNQMXOVQWiUM^UPUMSMRPURSMNQMOWRQPQ[[Q[M^UPROV]XUPQ[gMWUM
qvnxorqoxvyoormzyxo[muoqlzmvxrxoxo{mwuz{x|qozqlvmopqtluyqo
NQMOWRQPQ[[Q[dM
G>3856KKK
>63:38>5
PRdM002dM7Q[[UXZUNS[MS[MVU[S[M^PQZO[RS[MWUMSW[ROR]OijSgMTM
ZQNUNUMUMUV]Y]XUijSMPQY]WQPUNUMNQMVUP\S[M^bcXOVS[d
M0SMM^PSOcOijSMNQMUV]Y]XUPMQ[RQWNQ[QMUMVUP\S[gMQY^PQ\S[M
QM]WikQ[MQYMU]RUP]OU[gM]WNUikQ[M^bcXOVU[gMQY^PQ[U[M^bcXOVU[gM
[SVOQNUNQ[MNQMQVSWSYOUMYO[RUMNUM5WOjSgMNSM`O[RPORSMQNQPUXgMNS[M
e[RUNS[gMNS[MQPPOR~POS[MQMNS[M6 ]WOV^OS[dM
MSooxpn{x|qormopxvwqzoxutrxomo{puyxospxopqtrupuqtxrxo
MVSY^PSZUijSMNUMVSY^UROcOXONUNQMNQMfSPPOS[dM
M6SMSW[ONQPU[QMUV]Y]XUijSM^PSOcONUMUM^QPVQ^ijSMNQM
ZQWVOYQWRSMNQMVUP\SMS]MQY^PQ\SM^bcXOVSMQQROZSMVSYM^PSZQWRS[M
NUMOWUROZONUNQgM[UXZSM]UWNSMS[MVUP\S[MNQM]QMNQVSPPUYMQ[[U[M
PQY]WQPUikQ[MSPQYMUV]Y]XZQO[MWUMUROZONUNQdM
PRdM001dMLM[QPZONSPMWjSM^SNQPMQQPVQPMYUO[MNQM]YMVUP\SMQYM
VSYO[[jSgMQVQRSMWSMVU[SM^PQZO[RSMWSM^UP\PUSMbWOVSMNSMUPRdM1SgM
WQYM[QPMPQY]WQPUNSM^QXUM^UPROVO^UijSMQYM~P\jSMNQMNQXOcQPUijSM
VSXQROZUd
aUP\PUSMbWOVSdMLMNO[^S[RSMWQ[RQMUPRO\SMWjSM[QMU^XOVUM
M PQY]WQPUijSM NQZONUM ^QXUM ^UPROVO^UijSM QYM VSW[QXfS[M NQM
xrnutuzyvx|qomoszpx{orxzomnvmzxzol{upxzomozqpumrxrmzormo
QVSWSYOUMYO[RUgM[]U[M[]c[ONOPOU[MQMVSWRPSXUNU[gMcQYMVSYSM
]UO[]QPMQY^PQ[U[MS]MQWRONUNQ[MQYM]QMUM5WOjSgMNOPQRUMS]M
OWNOPQRUYQWRQgMNQRQWfUM^UPROVO^UijSMWSMVU^ORUXM[SVOUXgMSc[QPZUNSMSM
moxovmzmuyqoruzzmvo{mwuz{x|qomzmpspxo
PRdM0edMLM[QPZONSPMZOWV]XUNSMUSMPQ\OYQMNQ[RUM9QOgM]QM
UV]Y]XUPMXOVORUYQWRQMNSO[MVUP\S[MQQROZS[gM]UWNSMOWZQ[RONSMQYM
pxvwqormovqunmtyqomnopqnuzzqospxvoxxzyxrqormoxnlqzoqzo
VUP\S[MQQROZS[gM[UXZSMWUMfO^~RQ[QMQYM]QMfS]ZQPMVSY^UROcOXONUNQM
NQMfSPPOSMQMXSVUXMVSYMSMQQPVVOSMNQM]YMNQXQ[gMNQVXUPUNUM^QXU[M
U]RSPONUNQ[MYOYU[MNS[M~P\jS[MS]MQWRONUNQ[MQWZSXZONS[dM
G>3856K
>6;54>989>;
PRdM00dML M[QPZONSPMPQ[^SWNQMVOZOXgM^QWUXMQMUNYOWO[RPUROZUYQWRQM
^QXSMQQPVVOSMOPPQ\]XUPMNQM[]U[MURPOc]OikQ[dM
PRdM0dMMPQ[^SW[UcOXONUNQMVOZOXMNQVSPPQMNQMURSMSYO[[OZSMS]M
VSYO[[OZSgMNSXS[SMS]MV]X^S[SgM]QMPQ[]XRQMQYM^PQh]SMUSMQPPOSM
S]MUMRQPVQOPS[dM
M0SMMOWNQWOUijSMNQM^PQh]SMNSXS[UYQWRQMVU][UNSMUSMQPPOSM
[SYQWRQM[QPMXO]ONUNUMWUMSPYUM^PQZO[RUMWSMUPRdMgMWUMUXRUMNQM
S]RPS[McQW[M]QMU[[Q\]PQYMUMQQV]ijSMNSMNTcORSM^QXUMZOUMh]NOVOUXdM
MSMPURUWNS[QMNQMNUWSMVU][UNSMUMRQPVQOPS[gMPQ[^SWNQPMSM
[QPZONSPM^QPUWRQMUMUQWNUMabcXOVUgMQYMUijSMPQ\PQ[[OZUdM
M6SMMScPO\UijSMNQMPQ^UPUPMSMNUWSMQ[RQWNQ[QMUS[M[]VQ[[SPQ[M
QMVSWRPUMQXQ[M[QPMQQV]RUNUgMURTMSMXOYORQMNSMZUXSPMNUMfQPUWiUM
PQVQcONUdM


PRdM06dMMPQ[^SW[UcOXONUNQM^QWUXMUcPUW\QMS[MVPOYQ[MQM
VSWRPUZQWikQ[MOY^]RUNU[MUSM[QPZONSPgMWQ[[UM]UXONUNQdM
PRdM0dMMPQ[^SW[UcOXONUNQMVOZOXUNYOWO[RPUROZUMPQ[]XRUMNQM
URSMSYO[[OZSMS]MVSYO[[OZSM^PUROVUNSMWSMNQ[QY^QWfSMNSMVUP\SMS]M
]WijSdM
PRdM0fdM[M[UWikQ[MVOZO[gM^QWUO[MQMUNYOWO[RPUROZU[M^SNQPjSM
V]Y]XUP[QgM[QWNSMOWNQ^QWNQWRQ[MQWRPQM[OdM
PRdM0dMMPQ[^SW[UcOXONUNQMUNYOWO[RPUROZUMNSM[QPZONSPM[QPM
UU[RUNUMWSMVU[SMNQMUc[SXZOijSMVPOYOWUXM]QMWQ\]QMUMQO[RWVOUMNSM
URSMS]M[]UMU]RSPOUdM
PRdM0dMQWf]YM[QPZONSPM^SNQPM[QPMPQ[^SW[UcOXOUNSM
VOZOXgM^QWUXMS]MUNYOWO[RPUROZUYQWRQM^SPMNUPMVOWVOUMMU]RSPONUNQM
[]^QPOSPMS]gM]UWNSMfS]ZQPM[][^QORUMNQMQWZSXZOYQWRSMNQ[RUgMUMS]RPUM
U]RSPONUNQMVSY^QRQWRQM^UPUMU^]PUijSMNQMOWSPYUijSMVSWVQPWQWRQM
M^PROVUMNQMVPOYQ[MS]MOY^PScONUNQMNQM]QMRQWfUMVSWfQVOYQWRSgM
UOWNUM]QMQYMNQVSPPWVOUMNSMQQPVVOSMNQMVUP\SgMQY^PQ\SMS]M
]WijSM^bcXOVUdMWVX]NSM^QXUM9QOMWM0df7gMNQMe00
G>3856
>6;4>89>;
PRdM07dMjSM^QWUXONUNQ[MNO[VO^XOWUPQ[_M
MMUNZQPRWVOUM
MM[][^QW[jSM
MMNQYO[[jSM
cMMVU[[UijSMNQMU^S[QWRUNSPOUMS]MNO[^SWOcOXONUNQM
cMMNQ[ROR]OijSMNQMVUP\SMQYMVSYO[[jSM
cMMNQ[ROR]OijSMNQM]WijSMVSYO[[OSWUNUdM
PRdM02dMUMU^XOVUijSMNU[M^QWUXONUNQ[M[QPjSMVSW[ONQPUNU[MUM
WUR]PQUMQMUM\PUZONUNQMNUMOWPUijSMVSYQRONUgMS[MNUWS[M]QMNQXUM
^PSZOQPQYM^UPUMSM[QPZOiSM^bcXOVSgMU[MVOPV]W[R8WVOU[MU\PUZUWRQ[MS]M
URQW]UWRQ[MQMS[MUWRQVQNQWRQ[M]WVOSWUO[dM
aUP\PUSMbWOVSdMLMURSMNQMOY^S[OijSMNUM^QWUXONUNQMYQWVOSWUPM
[QY^PQMSM]WNUYQWRSMXQ\UXMQMUMVU][UMNUM[UWijSMNO[VO^XOWUPdM
PRdM01dMMUNZQPRWVOUM[QPMU^XOVUNUM^SPMQ[VPORSgMWS[MVU[S[M
NQMZOSXUijSMNQM^PSOcOijSMVSW[RUWRQMNSMUPRdM007gMOWVO[S[MMUMcM
QMgMQMNQMOWSc[QPZ8WVOUMNQMNQZQPM]WVOSWUXM^PQZO[RSMQYMXQOgM
vmw{xnmtyx|qoqotqvnxoutymvtxomotqozyusmounqzu|qormo
^QWUXONUNQMYUO[M\PUZQd
PRdM06edMM[][^QW[jSM[QPMU^XOVUNUMQYMVU[SMNQMPQOWVONWVOUM
NU[MUXRU[M^]WONU[MVSYMUNZQPRWVOUMQMNQMZOSXUijSMNU[MNQYUO[M
vqulu|}mzomotqoyuusmnoutvx|qozmuyxoxomtx{urxrmormo
NQYO[[jSgMWjSM^SNQWNSMQVQNQPMNQM1eMWSZQWRUMNOU[dM
M0SMQPM^]WONSMVSYM[][^QW[jSMNQMURTM0fM]OWQMNOU[MSM
zmvurqvomoutzyuspxrxnmtymovmpzxvFzmoxozmvozlnmyurqoxo
OW[^QijSMY TNOVUMNQRQPYOWUNUM^QXUMU]RSPONUNQMVSY^QRQWRQgMVQ[[UWNSM
S[MQQORS[MNUM^QWUXONUNQM]YUMZQMV]Y^PONUMUMNQRQPYOWUijSdM
MSM]UWNSMfS]ZQPMVSWZQWOWVOUM^UPUMSM[QPZOiSgMUM^QWUXONUNQM
NQM[][^QW[jSM^SNQPM[QPMVSWZQPRONUMQYMY]XRUgMWUMcU[QMNQMfe M
VOW]QWRUM^SPMVQWRSM^SPMNOUMNQMZQWVOYQWRSMS]MPQY]WQPUijSgM
spxtrqoqozmvurqvoqlvuwxrqoxomvnxtmpmvomnozmvu|qo
PRdM060dM[M^QWUXONUNQ[MNQMUNZQPRWVOUMQMNQM[][^QW[jSMRQPjSM
[Q][MPQ\O[RPS[MVUWVQXUNS[gMU^~[MSMNQV]P[SMNQM6MRP[MQMfMVOWVSM
UWS[MNQMQQROZSMQQPVVOSgMPQ[^QVROZUYQWRQgM[QMSM[QPZONSPMWjSM
fS]ZQPgMWQ[[QM^QPSNSgM^PUROVUNSMWSZUMOWPUijSMNO[VO^XOWUPdM
aUP\PUSMbWOVSdMLMVUWVQXUYQWRSMNUM^QWUXONUNQMWjSM[]PROPM
QQORS[MPQRPSUROZS[dM
PRdM06dMMNQYO[[jSM[QPMU^XOVUNUMWS[M[Q\]OWRQ[MVU[S[_M
MMVPOYQMVSWRPUMUMUNYOWO[RPUijSM^bcXOVUM


MMUcUWNSWSMNQMVUP\SM
MMOWU[[ON]ONUNQMfUcOR]UXM
cMMOY^PScONUNQMUNYOWO[RPUROZUM
cMMOWVSWROWWVOUM^bcXOVUMQMVSWN]RUMQ[VUWNUXS[UgMWUMPQ^UPROijSM
cMMOW[]cSPNOWUijSM\PUZQMQYM[QPZOiSM
cMMSQW[UM[OVUgMQYM[QPZOiSgMUM[QPZONSPMS]MUM^UPROV]XUPgM
[UXZSMQYMXQ\ROYUMNQQ[UM^P~^POUMS]MNQMS]RPQYM
cMMU^XOVUijSMOPPQ\]XUPMNQMNOWfQOPS[M^bcXOVS[M
MMPQZQXUijSMNQM[Q\PQNSMNSM]UXM[QMU^PS^POS]MQYMPUjSMNSM
VUP\SM
MMXQ[jSMUS[MVSPQ[M^bcXOVS[MQMNOXU^ONUijSMNSM^URPOYWOSM
WUVOSWUXM
MMVSPP]^ijSM
MMUV]Y]XUijSMOXQ\UXMNQMVUP\S[gMQY^PQ\S[MS]M]WikQ[M
^bcXOVU[M
MMRPUW[\PQ[[jSMNS[MOWVO[S[MMUMcMNSMUPRdM007dM
PRdM066dM`QRQVRUNUMUM]UX]QPMRQY^SMUMUV]Y]XUijSMOXQ\UXM
NQMVUP\S[gMQY^PQ\S[MS]M]WikQ[M^bcXOVU[gMUMU]RSPONUNQMUM]QM
zmovmmvmoqoxvyojotqyuspxvoqozmvurqvoqvoutymvnruqormozxo
pmsxounmruxyxoxvxoxvmzmtyxvoq|qotqovxqounvqvvqwm{ormo
NQMNOU[gMVSWRUNS[MNUMNURUMNUMVOWVOUMQgMWUMfO^~RQ[QMNQMSYO[[jSgM
UNSRUPM^PSVQNOYQWRSM[]YPOSM^UPUMUM[]UMU^]PUijSMQMPQ\]XUPOUijSM
OYQNOURUgMV]hSM^PSVQ[[SMUNYOWO[RPUROZSMNO[VO^XOWUPM[QMNQ[QWZSXZQPM
WU[M[Q\]OWRQ[MU[Q[_
MMMOW[RU]PUijSgMVSYMUM^]cXOVUijSMNSMURSM]QMVSW[ROR]OPM
UMVSYO[[jSgMUM[QPMVSY^S[RUM^SPMNSO[M[QPZONSPQ[MQ[RZQO[gMQM
[OY]XRUWQUYQWRQMOWNOVUPMUMU]RSPOUMQMUMYURQPOUXONUNQMNUMRPUW[\PQ[[jSM
SchQRSMNUMU^]PUijS
MMOW[RP]ijSM[]YPOUgM]QMVSY^PQQWNQMOWNOVOUijSgMNQQ[UMQM
PQXUR~POS
MMh]X\UYQWRSd
M0SMMOWNOVUijSMNUMU]RSPOUMNQM]QMRPURUMSMOWVO[SMMNUP[QM^QXSM
WSYQMQMYURPV]XUMNSM[QPZONSPgMQMUMYURQPOUXONUNQM^QXUMNQ[VPOijSMNS[M
VUP\S[gMQY^PQ\S[MS]M]WikQ[M^bcXOVU[MQYM[OR]UijSMNQMUV]Y]XUijSM
OXQ\UXgMNS[M~P\jS[MS]MQWRONUNQ[MNQMZOWV]XUijSgMNU[MNURU[MNQMOW\PQ[[SgM
NSMfSPPOSMNQMRPUcUXfSMQMNSMVSPPQ[^SWNQWRQMPQ\OYQMh]PNOVSd
MSMMVSYO[[jSMXUZPUPgMURTMRP[MNOU[MU^~[MUM^]cXOVUijSMNSM
URSM]QMUMVSW[ROR]O]gMRQPYSMNQMOWNOVOUijSMQYM]QM[QPjSMRPUW[VPORU[M
U[MOWSPYUikQ[MNQM]QMRPURUMSM^UP\PUSMUWRQPOSPgMcQYMVSYSM
^PSYSZQPMUMVORUijSM^Q[[SUXMNSM[QPZONSPMOWNOVOUNSgMS]M^SPM
utymvnruqormozxopmsxounmruxyxoxvxotqovxqormoputpqoruxzo
U^PQ[QWRUPMNQQ[UMQ[VPORUgMU[[Q\]PUWNS[QXfQMZO[RUMNSM^PSVQ[[SMWUM
PQ^UPROijSgMSc[QPZUNSMSMNO[^S[RSMWS[MUPR[dM06MQM0d
M6SM^PQ[QWRUNUMUMNQQ[UgMUMVSYO[[jSMQXUcSPUPMPQXUR~POSM
VSWVX][OZSM]UWRSMMOWSVWVOUMS]MMPQ[^SW[UcOXONUNQMNSM[QPZONSPgM
QYM]QMPQ[]YOPMU[M^QiU[M^POWVO^UO[MNS[MU]RS[gMS^OWUPM[ScPQM
UMXOVOR]NQMNUMUV]Y]XUijSMQYMQUYQgMOWNOVUPMSMPQ[^QVROZSM
NO[^S[OROZSMXQ\UXMQMPQYQRQPMSM^PSVQ[[SMMU]RSPONUNQMOW[RU]PUNSPUgM
^UPUMh]X\UYQWRSd
MSMSM^PUSMNQMVOWVSMNOU[gMVSWRUNS[MNSMPQVQcOYQWRSMNSM
^PSVQ[[SgMUMU]RSPONUNQMh]X\UNSPUM^PSQPOPMUM[]UMNQVO[jSgMU^XOVUWNS
[QgM]UWNSMSPMSMVU[SgMSMNO[^S[RSMWSMM6SMNSMUPRdM07d
MfSMMS^ijSM^QXSM[QPZONSPMURTMSMbXROYSMNOUMNQM^PUSM^UPUM
rmmzxopqtswvxvozxolqxFouymzmomnomozmopqtmvymvo
U]RSYUROVUYQWRQMQYM^QNONSMNQMQSWQPUijSMNSMS]RPSMVUP\SdM
MSMUPUVRQPOUNUMUMUV]Y]XUijSMOXQ\UXMQM^PSZUNUMUMY
TgMU^XOVUP[QMUM^QWUMNQMNQYO[[jSgMNQ[ROR]OijSMS]MVU[[UijSMNQM
U^S[QWRUNSPOUMS]MNO[^SWOcOXONUNQMQYMPQXUijSMUS[MVUP\S[gMQY^PQ\S[M
S]M]WikQ[M^bcXOVU[MQYMPQ\OYQMNQMUV]Y]XUijSMOXQ\UXgMfO^~RQ[QMQYM
]QMS[M~P\jS[MS]MQWRONUNQ[MNQMZOWV]XUijSM[QPjSMVSY]WOVUNS[d
V

M7SMLM^PUSM^UPUMUMVSWVX][jSMNSM^PSVQ[[SMUNYOWO[RPUROZSM
NO[VO^XOWUPM[]cYQRONSMUSMPORSM[]YPOSMWjSMQVQNQPMRPOWRUMNOU[gM
VSWRUNS[MNUMNURUMNQM^]cXOVUijSMNSMURSM]QMVSW[ROR]OPMUMVSYO[[jSgM
UNYORONUMUM[]UM^PSPPS\UijSM^SPMURTM]OWQMNOU[gM]UWNSMU[M
VOPV]W[R8WVOU[MSMQO\OPQYd
M2SMLM^PSVQNOYQWRSM[]YPOSMPQ\Q[QM^QXU[MNO[^S[OikQ[MNQ[RQM
UPRO\SgMSc[QPZUWNS[QgMWSM]QMXfQMSPMU^XOVZQXgM[]c[ONOUPOUYQWRQgM
U[MNO[^S[OikQ[MNS[MR]XS[McMQMcMNQ[RUM9QOdM
PRdM06dMQPMVU[[UNUMUMU^S[QWRUNSPOUMS]MUMNO[^SWOcOXONUNQM
NSMOWUROZSM]QMfS]ZQPM^PUROVUNSgMWUMUROZONUNQgMUXRUM^]WZQXMVSYM
UMNQYO[[jSdM
PRdM06fdMMNQ[ROR]OijSMNQMVUP\SMQYMVSYO[[jSMQQPVONSM^SPM
WjSMSV]^UWRQMNQMVUP\SMQQROZSM[QPMU^XOVUNUMWS[MVU[S[MNQMOWPUijSM
[]hQORUM[M^QWUXONUNQ[MNQM[][^QW[jSMQMNQMNQYO[[jSdM
aUP\PUSMbWOVSdMSW[RURUNUMUMfO^~RQ[QMNQM]QMRPURUMQ[RQM
UPRO\SgMUMQSWQPUijSMQQR]UNUMWS[MRQPYS[MNSMUPRdM6fM[QPMVSWZQPRONUM
QYMNQ[ROR]OijSMNQMVUP\SMQYMVSYO[[jSdM
PRdM06dMMNQYO[[jSMS]MUMNQ[ROR]OijSMNQMVUP\SMQYMVSYO[[jSgM
WS[MVU[S[MNS[MOWVO[S[McgMcgMMQMMNSMUPRdM06gMOY^XOVUMUM
OWNO[^SWOcOXONUNQMNS[McQW[MQMSMPQ[[UPVOYQWRSMUSMQPPOSgM[QYM
^PQh]SMNUMUijSM^QWUXMVUcZQXdM
PRdM067dMMNQYO[[jSMS]MUMNQ[ROR]OijSMNQMVUP\SMQYMVSYO[[jSgM
^SPMOWPOW\WVOUMNSMUPRdM007gMOWVO[S[MMQMgMOWVSY^UROcOXOUMSM
Q[QPZONSPM^UPUMWSZUMOWZQ[RON]PUMQYMVUP\SM^bcXOVSMQNQPUXgM^QXSM
^PUSMNQMfMVOWVSMUWS[dM
aUP\PUSMbWOVSdMjSM^SNQPMPQRSPWUPMUSM[QPZOiSM^bcXOVSM
QNQPUXMSM[QPZONSPM]QMSPMNQYORONSMS]MNQ[ROR]NSMNSMVUP\SMQYM
VSYO[[jSM^SPMOWPOW\WVOUMNSMUPRdM06gMOWVO[S[MgMcgMcgMMQMdM
vyojoqtswvxoxlxtrqtqormopxvwqoxoxzWtpuxoutymtpuqtx{o
NSM[QPZONSPMUSM[QPZOiSM^SPMYUO[MNQMRPOWRUMNOU[MVSW[QV]ROZS[dM
PRdM061dMeWRQWNQ[QM^SPMOWU[[ON]ONUNQMfUcOR]UXMUMUXRUMUSM
zmvu|qozmnopxzxozyuspxrxoqvozmzzmtyxoruxzoutymvq{xrxnmtymo
N]PUWRQMSM^QPSNSMNQMNSQMYQ[Q[dM
PRdM0edMUMU^]PUijSMNQMUcUWNSWSMNQMVUP\SMS]MOWU[[ON]ONUNQM
fUcOR]UXgMRUYcTYM[QPMUNSRUNSMSM^PSVQNOYQWRSM[]YPOSMUM]QM[QM
PQQPQMSMUPRdM066gMSc[QPZUWNS[QMQ[^QVOUXYQWRQM]Q_
MMUMOWNOVUijSMNUMYURQPOUXONUNQMNUP[Q_
UMWUMfO^~RQ[QMNQMUcUWNSWSMNQMVUP\SgM^QXUMOWNOVUijSM^PQVO[UM
NSM^QPSNSMNQMU][WVOUMOWRQWVOSWUXMNSM[QPZONSPMUSM[QPZOiSM[]^QPOSPM
UMRPOWRUMNOU[M
cMWSMVU[SMNQMOWU[[ON]ONUNQMfUcOR]UXgM^QXUMOWNOVUijSMNS[MNOU[M
rmox{yxoxqozmvu|qozmnopxzxozyuspxrxoqvomvqrqouwx{oqo
[]^QPOSPMUM[Q[[QWRUMNOU[MOWRQP^SXUNUYQWRQgMN]PUWRQMSM^QPSNSMNQM
NSQMYQ[Q[
MMU^~[MUMU^PQ[QWRUijSMNUMNQQ[UMUMVSYO[[jSMQXUcSPUPM
PQXUR~POSMVSWVX][OZSM]UWRSMMOWSVWVOUMS]MMPQ[^SW[UcOXONUNQMNSM
[QPZONSPgMQYM]QMPQ[]YOPMU[M^QiU[M^POWVO^UO[MNS[MU]RS[gMOWNOVUPM
SMPQ[^QVROZSMNO[^S[OROZSMXQ\UXgMS^OWUPgMWUMfO^~RQ[QMNQMUcUWNSWSM
NQMVUP\SgM[ScPQMUMOWRQWVOSWUXONUNQMNUMU][WVOUMUSM[QPZOiSM[]^QPOSPM
UMRPOWRUMNOU[MQMPQYQRQPMSM^PSVQ[[SMMU]RSPONUNQMOW[RU]PUNSPUM^UPUM
h]X\UYQWRSd
PRdM00dM[M^QWUXONUNQ[MNO[VO^XOWUPQ[M[QPjSMU^XOVUNU[_M
MM^QXSMaPQ[ONQWRQMNUM7Q^bcXOVUgM^QXS[MaPQ[ONQWRQ[MNU[MU[U[M
NSMaSNQPM9Q\O[XUROZSMQMNS[MPOc]WUO[MQNQPUO[MQM^QXSMaPSV]PUNSP
QPUXMNUM7Q^bcXOVUgM]UWNSM[QMRPURUPMNQMNQYO[[jSMQMVU[[UijSM
NQMU^S[QWRUNSPOUMS]MNO[^SWOcOXONUNQMNQM[QPZONSPMZOWV]XUNSMUSM
PQ[^QVROZSMaSNQPgM~P\jSgMS]MQWRONUNQ
M M ^QXU[M U]RSPONUNQ[M UNYOWO[RPUROZU[M NQM fOQPUP]OUM
OYQNOURUYQWRQMOWQPOSPM]QXU[MYQWVOSWUNU[MWSMOWVO[SMUWRQPOSPM
]UWNSM[QMRPURUPMNQM[][^QW[jSM[]^QPOSPMUM6eMRPOWRUMNOU[M


MM^QXSMVfQQMNUMPQ^UPROijSMQMS]RPU[MU]RSPONUNQ[MWUMSPYUMNS[M
PQ[^QVROZS[MPQ\OYQWRS[MS]MPQ\]XUYQWRS[gMWS[MVU[S[MNQMUNZQPRWVOUM
S]MNQM[][^QW[jSMNQMURTM6eMRPOWRUMNOU[M
cMM^QXUMU]RSPONUNQM]QMfS]ZQPMQORSMUMWSYQUijSgM]UWNSM[QM
RPURUPMNQMNQ[ROR]OijSMNQMVUP\SMQYMVSYO[[jSdM
PRdM0dMMUijSMNO[VO^XOWUPM^PQ[VPQZQP_M
MMQYMfMVOWVSMUWS[gM]UWRSM[MOWPUikQ[M^]WZQO[MVSYM
NQYO[[jSgM VU[[UijSM NQM U^S[QWRUNSPOUM S]M NO[^SWOcOXONUNQM QM
NQ[ROR]OijSMNQMVUP\SMQYMVSYO[[jSM
MMQYMMNSO[MUWS[gM]UWRSMM[][^QW[jSM
MMQYM02eMVQWRSMQMSORQWRUMNOU[gM]UWRSMMUNZQPRWVOUdM
M0SMLM^PUSMNQM^PQ[VPOijSMVSYQiUMUMVSPPQPMNUMNURUMQYM]QMSM
URSM[QMRSPWS]MVSWfQVONSdM
MSML[M^PUS[MNQM^PQ[VPOijSM^PQZO[RS[MWUMXQOM^QWUXMU^XOVUY[QM
[MOWPUikQ[MNO[VO^XOWUPQ[MVU^OR]XUNU[MRUYcTYMVSYSMVPOYQdM
M6SMMUcQPR]PUMNQM[OWNOV8WVOUMS]MUMOW[RU]PUijSMNQM^PSVQ[[SM
ruzpu{utxvoutymvvqnmoxovmzpvu|qoxyoxormpuzqostx{ovqmvurxo
^SPMU]RSPONUNQMVSY^QRQWRQdM
MSMWRQPPSY^ONSMSMV]P[SMNUM^PQ[VPOijSgMSM^PUSMVSYQiUPMUM
VSPPQPMUM^UPROPMNSMNOUMQYM]QMVQ[[UPMUMOWRQPP]^ijSdM
73856
5625;56:9492>9=5699894>2
G>3856K
959;6;2>9
PRdM06dMMU]RSPONUNQM]QMROZQPMVOWVOUMNQMOPPQ\]XUPONUNQMWSM
[QPZOiSM^bcXOVSMTMScPO\UNUMUM^PSYSZQPMUM[]UMU^]PUijSMOYQNOURUgM
YQNOUWRQM[OWNOV8WVOUMS]M^PSVQ[[SMUNYOWO[RPUROZSMNO[VO^XOWUPgM
U[[Q\]PUNUMUSMUV][UNSMUY^XUMNQQ[UdM
M0SM7QZS\UNSM^QXUM9QOMWM00degMNQMeef
MSM7QZS\UNSM^QXUM9QOMWM00degMNQMeef
M6SMMU^]PUijSMNQM]QMRPURUMSMgM^SPM[SXOVORUijSMNUM
U]RSPONUNQMUM]QM[QMPQQPQgM^SNQPM[QPM^PSYSZONUM^SPMU]RSPONUNQM
NQM~P\jSMS]MQWRONUNQMNOZQP[SMNU]QXQMQYM]QMRQWfUMSVSPPONSMUM
uvvmw{xvurxrmonmruxtymopqnmyWtpuxomzmpspxoxvxoyx{ostx{urxrmo
NQXQ\UNUMQYMVUPRQPM^QPYUWQWRQMS]MRQY^SPPOSM^QXSMaPQ[ONQWRQM
NUM7Q^bcXOVUgM^QXS[M^PQ[ONQWRQ[MNU[MU[U[MNSMaSNQPM9Q\O[XUROZSM
QMNS[MPOc]WUO[MQNQPUO[MQM^QXSMaPSV]PUNSPQPUXMNUM7Q^bcXOVUgM
WSM8YcORSMNSMPQ[^QVROZSMaSNQPgM~P\jSMS]MQWRONUNQgM^PQ[QPZUNU[MU[M
VSY^QRWVOU[M^UPUMSMh]X\UYQWRSM]QM[QM[Q\]OPMMU^]PUijSdM
PRdM0dM[MNQWbWVOU[M[ScPQMOPPQ\]XUPONUNQ[M[QPjSMSchQRSM
rmoxvx|qormzrmomopqtymtxnoxourmtyuspx|qomoqomtrmvm|qo
rqormttpuxtymomozmxnoqvn{xrxzoqvomzpvuyqopqtsvnxrxoxo
U]RQWROVONUNQdM
xvwvxqotupqo9xtrqoqoxyqotxvvxrqotqopqtswvxvo
QZONQWRQMOWPUijSMNO[VO^XOWUPMS]MOXVORSM^QWUXgMUMNQWbWVOUM[QPM
UP]OZUNUgM^SPMUXRUMNQMSchQRSdM
PRdM0fdM`UM[OWNOV8WVOUM^SNQPMPQ[]XRUP_M
MMUP]OZUYQWRSMNSM^PSVQ[[SM
MMU^XOVUijSMNQM^QWUXONUNQMNQMUNZQPRWVOUMS]M[][^QW[jSMNQM
URTM6eMRPOWRUMNOU[M
MMOW[RU]PUijSMNQM^PSVQ[[SMNO[VO^XOWUPdM
aUP\PUSMbWOVSdMLM^PUSM^UPUMVSWVX][jSMNUM[OWNOV8WVOUM
WjSMQVQNQPM6eMRPOWRUMNOU[gM^SNQWNSM[QPM^PSPPS\UNSM^SPMO\]UXM
^QPSNSgMUMVPORTPOSMNUMU]RSPONUNQM[]^QPOSPdM
PRdM0dMQY^PQM]QMSMOXVORSM^PUROVUNSM^QXSM[QPZONSPMQW[QhUPM
UMOY^S[OijSMNQM^QWUXONUNQMNQM[][^QW[jSM^SPMYUO[MNQM6eMRPOWRUM
NOU[gMNQMNQYO[[jSgMVU[[UijSMNQMU^S[QWRUNSPOUMS]MNO[^SWOcOXONUNQgM
S]MNQ[ROR]OijSMNQMVUP\SMQYMVSYO[[jSgM[QPMScPO\UR~POUMUMOW[RU]PUijSM
NQM^PSVQ[[SMNO[VO^XOWUPdM
`

G>3856KK
56>>:;4562;=;49=5
vyokoqnqonmrurxopxym{xvomoxosnormomoqozmvurqvo
tqomtxoxoutluvotxoxvx|qorxouvvmw{xvurxrmoxoxyqvurxrmo
OW[RU]PUNSPUMNSM^PSVQ[[SMNO[VO^XOWUPM^SNQPMNQRQPYOWUPMSM[Q]M
UU[RUYQWRSMNSMQQPVVOSMNSMVUP\SgM^QXSM^PUSMNQMURTMeM[Q[[QWRUM
NOU[gM[QYM^PQh]SMNUMPQY]WQPUijSdM
aUP\PUSMbWOVSdMLMUU[RUYQWRSM^SNQPM[QPM^PSPPS\UNSM^SPM
uwx{ovxqostrqoqox{opmzzxvqoqzozmzommuyqzoxutrxomotqo
VSWVX]NSMSM^PSVQ[[SdM
G>3856KKK
5625;5699894>2
PRdM02dMLM^PSVQ[[SMNO[VO^XOWUPMTMSMOW[RP]YQWRSMNQ[ROWUNSM
UMU^]PUPMPQ[^SW[UcOXONUNQMNQM[QPZONSPM^SPMOWPUijSM^PUROVUNUM
WSMQQPVVOSMNQM[]U[MURPOc]OikQ[gMS]M]QMRQWfUMPQXUijSMVSYMU[M
URPOc]OikQ[MNSMVUP\SMQYM]QM[QMQWVSWRPQMOWZQ[RONSdM
PRdM01dMLM^PSVQ[[SMNO[VO^XOWUPM[QPMVSWN]ONSM^SPMVSYO[[jSM
VSY^S[RUMNQMRP[M[QPZONSPQ[MQ[RZQO[MNQ[O\WUNS[M^QXUMU]RSPONUNQM
VSY^QRQWRQgMSc[QPZUNSMSMNO[^S[RSMWSMM6SMNSMUPRdM06gM]QMOWNOVUPgM
NQWRPQMQXQ[gMSM[Q]M^PQ[ONQWRQgM]QMNQZQPM[QPMSV]^UWRQMNQMVUP\SM
QQROZSM[]^QPOSPMS]MNQMYQ[YSMWZQXgMS]MRQPMWZQXMNQMQ[VSXUPONUNQM
O\]UXMS]M[]^QPOSPMUSMNSMOWNOVOUNSd6
M0SMMSYO[[jSMRQPMVSYSM[QVPQRPOSM[QPZONSPMNQ[O\WUNSM
^QXSM[Q]M^PQ[ONQWRQgM^SNQWNSMUMOWNOVUijSMPQVUOPMQYM]YMNQM[Q][M
YQYcPS[dM
MSMjSM^SNQPM^UPROVO^UPMNQMVSYO[[jSMNQM[OWNOV8WVOUMS]M
NQMOW]TPORSgMVWh]\QgMVSY^UWfQOPSMS]M^UPQWRQMNSMUV][UNSgM
pqtzxtwtmqoqoxsnomno{utxovmyxoqopq{xymvx{oxyoqoymvpmuvqo
\PU]dM
PRdM 0fedMM SYO[[jSM QQPVQPM []U[M UROZONUNQ[M VSYM
OWNQ^QWNWVOUMQMOY^UPVOUXONUNQgMU[[Q\]PUNSMSM[O\OXSMWQVQ[[POSMM
QX]VONUijSMNSMURSMS]MQO\ONSM^QXSMOWRQPQ[[QMNUMUNYOWO[RPUijSdM
aUP\PUSMbWOVSdM[MPQ]WOkQ[MQMU[MU]NOWVOU[MNU[MVSYO[[kQ[M
RQPjSMVUPRQPMPQ[QPZUNSdM
PRdM0f0dMLM^PSVQ[[SMNO[VO^XOWUPM[QMNQ[QWZSXZQMWU[M[Q\]OWRQ[M
U[Q[_M
MMOW[RU]PUijSgMVSYMUM^]cXOVUijSMNSMURSM]QMVSW[ROR]OPMUM
VSYO[[jSM
MMOW]TPORSMUNYOWO[RPUROZSgM]QMVSY^PQQWNQMOW[RP]ijSgM
NQQ[UMQMPQXUR~POSM
MMh]X\UYQWRSdM
PRdM0fdMLM^PUSM^UPUMUMVSWVX][jSMNSM^PSVQ[[SMNO[VO^XOWUPMWjSM
QVQNQPMeM[Q[[QWRUMNOU[gMVSWRUNS[MNUMNURUMNQM^]cXOVUijSMNSMURSM
]QMVSW[ROR]OPMUMVSYO[[jSgMUNYORONUMUM[]UM^PSPPS\UijSM^SPMO\]UXM
^PUSgM]UWNSMU[MVOPV]W[R8WVOU[MSMQO\OPQYdM
M0SMQY^PQM]QMWQVQ[[POSgMUMVSYO[[jSMNQNOVUPMRQY^SM
utymwvx{oxqzozmzoyvxlx{qzospxtrqozmzonmnlvqzoruzmtzxrqzorqo
qtyqoxyoxomtyvmwxorqovm{xyvuqostx{o
MSM[MPQ]WOkQ[MNUMVSYO[[jSM[QPjSMPQ\O[RPUNU[MQYMURU[M]QM
NQZQPjSMNQRUXfUPMU[MNQXOcQPUikQ[MUNSRUNU[dM
<;56K
56K4
3295
PRdM0f6dMLMOW]TPORSMUNYOWO[RPUROZSMScQNQVQPMUSM^POWV^OSM
NSMVSWRPUNOR~POSgMU[[Q\]PUNUMUSMUV][UNSMUY^XUMNQQ[UgMVSYMUM
]ROXOUijSMNS[MYQOS[MQMPQV]P[S[MUNYORONS[MQYMNOPQORSdM


PRdM0fdML[MU]RS[MNUM[OWNOV8WVOUMOWRQ\PUPjSMSM^PSVQ[[SM
NO[VO^XOWUPgMVSYSM^QiUMOWSPYUROZUMNUMOW[RP]ijSdM
aUP\PUSMbWOVSdMUMfO^~RQ[QMNQMSMPQXUR~POSMNUM[OWNOV8WVOUM
VSWVX]OPM]QMUMOWPUijSMQ[RMVU^OR]XUNUMVSYSMOXVORSM^QWUXgMUM
U]RSPONUNQMVSY^QRQWRQMQWVUYOWfUPMV~^OUMNS[MU]RS[MUSM6 OWO[RTPOSM
abcXOVSgMOWNQ^QWNQWRQYQWRQMNUMOYQNOURUMOW[RU]PUijSMNSM^PSVQ[[SM
NO[VO^XOWUPdM
PRdM0ffdMUMU[QMNSMOW]TPORSgMUMVSYO[[jSM^PSYSZQPMUMRSYUNUM
NQMNQ^SOYQWRS[gMUVUPQUikQ[gMOWZQ[RO\UikQ[MQMNOXO\WVOU[MVUcZQO[gM
SchQROZUWNSMUMVSXQRUMNQM^PSZUgMPQVSPPQWNSgM]UWNSMWQVQ[[POSgMUM
RTVWOVS[MQM^QPORS[gMNQMYSNSMUM^QPYOROPMUMVSY^XQRUMQX]VONUijSMNS[M
URS[dM
vyooCoxzzmwvxrqoxqozmvurqvoqoruvmuyqormoxpqnxtxvoqo
^PSVQ[[SM^Q[[SUXYQWRQMS]M^SPMOWRQPYTNOSMNQM^PSV]PUNSPgMUPPSXUPMQM
PQOW]OPOPMRQ[RQY]WfU[gM^PSN]OPM^PSZU[MQMVSWRPU^PSZU[MQMSPY]XUPM
]Q[ORS[gM]UWNSM[QMRPURUPMNQM^PSZUM^QPOVOUXdM
M0SMLM^PQ[ONQWRQMNUMVSYO[[jSM^SNQPMNQWQ\UPM^QNONS[M
VSW[ONQPUNS[MOY^QPROWQWRQ[gMYQPUYQWRQM^PSRQXUR~POS[gMS]MNQM
WQWf]YMOWRQPQ[[QM^UPUMSMQ[VXUPQVOYQWRSMNS[MURS[dM
MSMQPMOWNQQPONSMSM^QNONSMNQM^PSZUM^QPOVOUXgM]UWNSMUM
VSY^PSZUijSMNSMURSMOWNQ^QWNQPMNQMVSWfQVOYQWRSMQ[^QVOUXMNQM
^QPORSdM
PRdM0f7dM[MRQ[RQY]WfU[M[QPjSMOWROYUNU[MUMNQ^SPMYQNOUWRQM
YUWNUNSMQ^QNONSM^QXSM^PQ[ONQWRQMNUMVSYO[[jSgMNQZQWNSMUM
[Q\]WNUMZOUgMVSYMSMVOQWRQMNSMOWRQPQ[[UNSgM[QPMUWQUNSMUS[MU]RS[dM
aUP\PUSMbWOVSdMQMUMRQ[RQY]WfUMSPM[QPZONSPM^bcXOVSgMUM
Q^QNOijSMNSMYUWNUNSM[QPMOYQNOURUYQWRQMVSY]WOVUNUMUSMVfQQM
NUMPQ^UPROijSMSWNQM[QPZQgMVSYMUMOWNOVUijSMNSMNOUMQMfSPUMYUPVUNS[M
^UPUMOW]OPOijSdM
PRdM0f2dMLMNQ^SOYQWRSM[QPM^PQ[RUNSMSPUXYQWRQMQMPQN]ONSMUM
RQPYSgMWjSM[QWNSMXVORSMMRQ[RQY]WfUMRPUXSM^SPMQ[VPORSdM
M0SM[MRQ[RQY]WfU[M[QPjSMOW]OPONU[M[Q^UPUNUYQWRQdM
MSMUMfO^~RQ[QMNQMNQ^SOYQWRS[MVSWRPUNOR~POS[MS]M]QM[QM
utsvnmnovqpmrmvFzmFoZoxpxvmx|qomtyvmoqzormqmtymzo
PRdM 0f1dM SWVX]NUM UM OW]OPOijSM NU[M RQ[RQY]WfU[gM UM
VSYO[[jSM^PSYSZQPMSMOWRQPPS\UR~POSMNSMUV][UNSgMSc[QPZUNS[MS[M
^PSVQNOYQWRS[M^PQZO[RS[MWS[MUPR[dM0f7MQM0f2dM
M0SMSMVU[SMNQMYUO[MNQM]YMUV][UNSgMVUNUM]YMNQXQ[M[QPMS]ZONSM
[Q^UPUNUYQWRQgMQM[QY^PQM]QMNOZQP\OPQYMQYM[]U[MNQVXUPUikQ[M
[ScPQMURS[MS]MVOPV]W[R8WVOU[gM[QPM^PSYSZONUMUMUVUPQUijSMQWRPQM
QXQ[dM
MSMLM^PSV]PUNSPMNSMUV][UNSM^SNQPMU[[O[ROPMUSMOWRQPPS\UR~POSgM
cQYMVSYSMMOW]OPOijSMNU[MRQ[RQY]WfU[gM[QWNSXfQMZQNUNSM
OWRQPQPOPMWU[M^QP\]WRU[MQMPQ[^S[RU[gMUV]XRUWNS[QXfQgM^SPTYgM
PQOW]OPOXU[gM^SPMOWRQPYTNOSMNSM^PQ[ONQWRQMNUMVSYO[[jSdM
PRdM0edM]UWNSMfS]ZQPMNbZONUM[ScPQMUM[UWONUNQMYQWRUXMNSM
UV][UNSgMUMVSYO[[jSM^PS^SPMMU]RSPONUNQMVSY^QRQWRQM]QMQXQM[QhUM
zlnmyurqoxomxnmoqvotyxonrupxoqspux{orxox{oxvyupumom{qo
YQWS[M]YMYTNOVSM^[O]OURPUdM
aUP\PUSMbWOVSdMLMOWVONQWRQMNQM[UWONUNQMYQWRUXM[QPM
^PSVQ[[UNSMQYMU]RSMU^UPRUNSMQMU^QW[SMUSM^PSVQ[[SM^POWVO^UXgMU^~[M
UMQ^QNOijSMNSMXU]NSM^QPOVOUXdM
vyoo\uuspxrxoxoutvx|qoruzpu{utxvozmvoqvn{xrxo
xoutrupux|qorqozmvurqvopqnoxomzmpuspx|qorqzoxyqzoxom{mo
OY^]RUNS[MQMNU[MPQ[^QVROZU[M^PSZU[dM
M0SMLMOWNOVOUNSM[QPMVORUNSM^SPMYUWNUNSMQ^QNONSM^QXSM
^PQ[ONQWRQMNUMVSYO[[jSM^UPUMU^PQ[QWRUPMNQQ[UMQ[VPORUgMWSM^PUSMNQM
0eMNQMNOU[gMU[[Q\]PUWNS[QXfQMZO[RUMNSM^PSVQ[[SMWUMPQ^UPROijSd
i

MSMGUZQWNSMNSO[MS]MYUO[MOWNOVOUNS[gMSM^PUSM[QPMVSY]YMQM
NQMeMZOWRQMNOU[d
M6SMLM^PUSMNQMNQQ[UM^SNQPM[QPM^PSPPS\UNSM^QXSMNScPSgM^UPUM
NOXO\WVOU[MPQ^]RUNU[MOWNO[^QW[ZQO[dM
MSMSMVU[SMNQMPQV][UMNSMOWNOVOUNSMQYMU^SPMSMVOQWRQMWUMV~^OUM
NUMVORUijSgMSM^PUSM^UPUMNQQ[UMVSWRUP[QMNUMNURUMNQVXUPUNUgMQYM
RQPYSM^P~^POSgM^QXSMYQYcPSMNUMVSYO[[jSM]QMQMUMVORUijSgMVSYMUM
U[[OWUR]PUMNQMMN]U[MRQ[RQY]WfU[dM
vyooboutrupuxrqomonrxvormovmzurWtpuxospxoqlvuwxrqoxo
VSY]WOVUPMMVSYO[[jSMSMX]\UPMSWNQM^SNQPM[QPMQWVSWRPUNSdM
PRdM06dMVfUWNS[QMSMOWNOVOUNSMQYMX]\UPMOWVQPRSMQMWjSM
zxlurqozmvopuyxrqoqvomruyx{ol{upxrqotqoOuvuqobspux{orxotuqo
QMQYMhSPWUXMNQM\PUWNQMVOPV]XUijSMWUMXSVUXONUNQMNSMbXROYSMNSYOVXOSM
VSWfQVONSgM^UPUMU^PQ[QWRUPMNQQ[UdM
aUP\PUSMbWOVSdMUMfO^~RQ[QMNQ[RQMUPRO\SgMSM^PUSM^UPUMNQQ[UM
[QPMNQM0fM]OWQMNOU[MUM^UPROPMNUMbXROYUM^]cXOVUijSMNSMQNORUXdM
PRdM0dMSW[ONQPUP[QMPQZQXMSMOWNOVOUNSM]QgMPQ\]XUPYQWRQM
VORUNSgMWjSMU^PQ[QWRUPMNQQ[UMWSM^PUSMXQ\UXd
M0SMMPQZQXOUM[QPMNQVXUPUNUgM^SPMRQPYSgMWS[MU]RS[MNSM^PSVQ[[SM
QMNQZSXZQPMSM^PUSM^UPUMUMNQQ[UdM
MSMaUPUMNQQWNQPMSMOWNOVOUNSMPQZQXgMUMU]RSPONUNQMOW[RU]PUNSPUM
NSM^PSVQ[[SMNQ[O\WUPM]YM[QPZONSPMVSYSMNQQW[SPMNUROZSgM]QM
NQZQPM[QPMSV]^UWRQMNQMVUP\SMQQROZSM[]^QPOSPMS]MNQMYQ[YSMWZQXgM
S]MRQPMWZQXMNQMQ[VSXUPONUNQMO\]UXMS]M[]^QPOSPMUSMNSMOWNOVOUNSd
PRdM0fdM^PQVOUNUMUMNQQ[UgMUMVSYO[[jSMQXUcSPUPMPQXUR~POSM
YOW]VOS[SgMSWNQMPQ[]YOPMU[M^QiU[M^POWVO^UO[MNS[MU]RS[MQM
YQWVOSWUPMU[M^PSZU[MQYM]QM[QMcU[QS]M^UPUMSPYUPMUM[]UM
VSWZOVijSdM
M0SMLMPQXUR~POSM[QPM[QY^PQMVSWVX][OZSM]UWRSMMOWSVWVOUMS]M
MPQ[^SW[UcOXONUNQMNSM[QPZONSPdM
MSM7QVSWfQVONUMUMPQ[^SW[UcOXONUNQMNSM[QPZONSPgMUMVSYO[[jSM
OWNOVUPMSMNO[^S[OROZSMXQ\UXMS]MPQ\]XUYQWRUPMRPUW[\PQNONSgMcQYM
VSYSMU[MVOPV]W[R8WVOU[MU\PUZUWRQ[MS]MURQW]UWRQ[dM
PRdM0dMLM^PSVQ[[SMNO[VO^XOWUPgMVSYMSMPQXUR~POSMNUMVSYO[[jSgM
[QPMPQYQRONSMMU]RSPONUNQM]QMNQRQPYOWS]MUM[]UMOW[RU]PUijSgM^UPUM
h]X\UYQWRSdM
<;56KK
5638>:;45
PRdM07dMSM^PUSMNQMeMZOWRQMNOU[gMVSWRUNS[MNSMPQVQcOYQWRSM
NSM^PSVQ[[SgMUMU]RSPONUNQMh]X\UNSPUM^PSQPOPMUM[]UMNQVO[jSd
M0SMQMUM^QWUXONUNQMUM[QPMU^XOVUNUMQVQNQPMUMUXiUNUMNUM
U]RSPONUNQMOW[RU]PUNSPUMNSM^PSVQ[[SgMQ[RQM[QPMQWVUYOWfUNSMM
U]RSPONUNQMVSY^QRQWRQgM]QMNQVONOPMQYMO\]UXM^PUSdM
MSMGUZQWNSMYUO[MNQM]YMOWNOVOUNSMQMNOZQP[ONUNQMNQM[UWikQ[gM
SMh]X\UYQWRSMVUcQPMMU]RSPONUNQMVSY^QRQWRQM^UPUMUMOY^S[OijSMNUM
^QWUMYUO[M\PUZQdM
M6SMQMUM^QWUXONUNQM^PQZO[RUMSPMUMNQYO[[jSMS]MVU[[UijSM
NQMU^S[QWRUNSPOUMS]MNO[^SWOcOXONUNQgMSMh]X\UYQWRSMVUcQPM[M
U]RSPONUNQ[MNQM]QMRPURUMSMOWVO[SMMNSMUPRdM00dM
MSM7QVSWfQVONUM^QXUMVSYO[[jSMUMOWSVWVOUMNSM[QPZONSPgM
UM U]RSPONUNQM OW[RU]PUNSPUM NSM ^PSVQ[[SM NQRQPYOWUPM SM [Q]M
xvuxnmtyqozx{qozmolxwvxtymnmtymopqtyvvuxoZovqxorqzoxyqz
PRdM02dMLMh]X\UYQWRSMUVURUPMSMPQXUR~POSMNUMVSYO[[jSgM[UXZSM
]UWNSMVSWRPPOSM[M^PSZU[MNS[MU]RS[dM
aUP\PUSMbWOVSdM]UWNSMSMPQXUR~POSMNUMVSYO[[jSMVSWRPUPOUPMU[M
^PSZU[MNS[MU]RS[gMUMU]RSPONUNQMh]X\UNSPUM^SNQPgMYSROZUNUYQWRQgM
U\PUZUPMUM^QWUXONUNQM^PS^S[RUgMUcPUWNXUMS]MO[QWRUPMSM[QPZONSPMNQM
PQ[^SW[UcOXONUNQdM


vyoomvuspxrxoxoqpqvvWtpuxormopuqoutzxtm{oxo
U]RSPONUNQM]QMNQRQPYOWS]MUMOW[RU]PUijSMNSM^PSVQ[[SMS]MS]RPUM
NQMfOQPUP]OUM[]^QPOSPMNQVXUPUPMUM[]UMW]XONUNQgMRSRUXMS]M^UPVOUXgM
QMSPNQWUPgMWSMYQ[YSMURSgMUMVSW[ROR]OijSMNQMS]RPUMVSYO[[jSM^UPUM
OW[RU]PUijSMNQMWSZSM^PSVQ[[SdM
M0SMLMh]X\UYQWRSMSPUMNSM^PUSMXQ\UXMWjSMOY^XOVUMW]XONUNQM
NSM^PSVQ[[SdM
MSMMU]RSPONUNQMh]X\UNSPUM]QMNQPMVU][UMM^PQ[VPOijSMNQM]QM
RPURUMSMUPRdM0gMMSgM[QPMPQ[^SW[UcOXOUNUMWUMSPYUMNSMU^R]XSM
cMNSMR]XSMcdM
PRdM07edMeROWRUMUM^]WOcOXONUNQM^QXUM^PQ[VPOijSgMUMU]RSPONUNQM
h]X\UNSPUMNQRQPYOWUPMSMPQ\O[RPSMNSMURSMWS[MU[[QWRUYQWRS[M
OWNOZON]UO[MNSM[QPZONSPdM
PRdM070dM]UWNSMUMOWPUijSMQ[ROZQPMVU^OR]XUNUMVSYSMVPOYQgM
SM^PSVQ[[SMNO[VO^XOWUPM[QPMPQYQRONSMUSM6 OWO[RTPOSMabcXOVSM^UPUM
utzyxvx|qorxox|qomtx{ospxtrqoyvxz{xrxrqotxovmxvyu|qo
PRdM07dMLM[QPZONSPM]QMPQ[^SWNQPMUM^PSVQ[[SMNO[VO^XOWUPM[~M
^SNQPM[QPMQSWQPUNSMUM^QNONSgMS]MU^S[QWRUNSMZSX]WRUPOUYQWRQgM
U^~[MUMVSWVX][jSMNSM^PSVQ[[SMQMSMV]Y^POYQWRSMNUM^QWUXONUNQgM
UVU[SMU^XOVUNUdM
aUP\PUSMbWOVSdMLVSPPONUMUMQSWQPUijSMNQM]QMRPURUMSM
^UP\PUSMbWOVSgMOWVO[SMMNSMUPRdM6gMSMURSM[QPMVSWZQPRONSMQYM
NQYO[[jSgM[QMSPMSMVU[SdM
PRdM076dMQPjSMU[[Q\]PUNS[MRPUW[^SPRQMQMNOPOU[_M
MMUSM[QPZONSPMVSWZSVUNSM^UPUM^PQ[RUPMNQ^SOYQWRSMSPUMNUM
[QNQMNQM[]UMPQ^UPROijSgMWUMVSWNOijSMNQMRQ[RQY]WfUgMNQW]WVOUNSM
S]MOWNOVOUNSM
MMUS[MYQYcPS[MNUMVSYO[[jSMQMUSM[QVPQRPOSgM]UWNSM
ScPO\UNS[MUM[QMNQ[XSVUPQYMNUM[QNQMNS[MRPUcUXfS[M^UPUMUMPQUXOUijSM
NQMYO[[jSMQ[[QWVOUXMUSMQ[VXUPQVOYQWRSMNS[MURS[dM
<;56KKK
>6;=9565625;5
PRdM07dMLM^PSVQ[[SMNO[VO^XOWUPM^SNQPM[QPMPQZO[RSgMUM]UX]QPM
RQY^SgMUM^QNONSMS]MNQMSVOSgM]UWNSM[QMUN]OPQYMURS[MWSZS[MS]M
puvptzyXtpuxzozzpmymuzormozyuspxvoxoutqpWtpuxorqoturqoqoxo
OWUNQ]UijSMNUM^QWUXONUNQMU^XOVUNUdM
M0SMeYMVU[SMNQMUXQVOYQWRSgMU][WVOUMS]MNQ[U^UPQVOYQWRSMNSM
[QPZONSPgM]UX]QPM^Q[[SUMNUMUYXOUM^SNQPMPQ]QPQPMUMPQZO[jSMNSM
^PSVQ[[SdM
MSMSMVU[SMNQMOWVU^UVONUNQMYQWRUXMNSM[QPZONSPgMUMPQZO[jSM
[QPMPQ]QPONUM^QXSMPQ[^QVROZSMV]PUNSPdM
PRdM07fdMSM^PSVQ[[SMPQZO[OSWUXgMSMW][MNUM^PSZUMVUcQMUSM
PQ]QPQWRQdM
PRdM07dMM[OY^XQ[MUXQ\UijSMNQMOWh][ROiUMNUM^QWUXONUNQMWjSM
VSW[ROR]OM]WNUYQWRSM^UPUMUMPQZO[jSgM]QMPQ]QPMQXQYQWRS[MWSZS[gM
UOWNUMWjSMU^PQVOUNS[MWSM^PSVQ[[SMSPO\OWPOSdM
PRdM077dMLMPQ]QPOYQWRSMNQMPQZO[jSMNSM^PSVQ[[SM[QPMNOPO\ONSM
USM6 OWO[RPSMNQMe[RUNSMS]MU]RSPONUNQMQ]OZUXQWRQgM]QgM[QMU]RSPOUPM
UMPQZO[jSgMQWVUYOWfUPMSM^QNONSMUSMNOPO\QWRQMNSM~P\jSMS]MQWRONUNQM
SWNQM[QMSPO\OWS]MSM^PSVQ[[SMNO[VO^XOWUPdM
aUP\PUSMbWOVSdM`QQPONUMUM^QROijSgMUMU]RSPONUNQMVSY^QRQWRQM
^PSZONQWVOUPMUMVSW[ROR]OijSMNQMVSYO[[jSgMWUMSPYUMNSMUPRdM01dM
PRdM072dMMPQZO[jSMVSPPQPMQYMU^QW[SMUSM^PSVQ[[SMSPO\OWPOSdM
aUP\PUSMbWOVSdMUM^QROijSMOWOVOUXgMSMPQ]QPQWRQM^QNOPMNOUMQM
fSPUM^UPUMUM^PSN]ijSMNQM^PSZU[MQMOW]OPOijSMNU[MRQ[RQY]WfU[M]QM
UPPSXUPdM
n

PRdM071dMMVSYO[[jSMPQZO[SPUMRQPMeM[Q[[QWRUMNOU[M^UPUMUM
VSWVX][jSMNS[MRPUcUXfS[dM
PRdM02edM^XOVUY[QMUS[MRPUcUXfS[MNUMVSYO[[jSMPQZO[SPUgMWSM
]QMVS]cQPgMU[MWSPYU[MQM^PSVQNOYQWRS[M^P~^POS[MNUMVSYO[[jSMNSM
^PSVQ[[SMNO[VO^XOWUPdM
PRdM020dMLMh]X\UYQWRSMVUcQPMMU]RSPONUNQM]QMU^XOVS]MUM
^QWUXONUNQgMWS[MRQPYS[MNSMUPRdM00dM
aUP\PUSMbWOVSdMLM^PUSM^UPUMh]X\UYQWRSM[QPMNQMeMZOWRQM
NOU[gMVSWRUNS[MNSMPQVQcOYQWRSMNSM^PSVQ[[SgMWSMV]P[SMNSM]UXMUM
U]RSPONUNQMh]X\UNSPUM^SNQPMNQRQPYOWUPMNOXO\WVOU[dM
PRdM02dM
]X\UNUM^PSVQNQWRQMUMPQZO[jSgM[QPMNQVXUPUNUM[QYM
QQORSMUM^QWUXONUNQMU^XOVUNUgMPQ[RUcQXQVQWNS[QMRSNS[MS[MNOPQORS[M
NSM[QPZONSPgMQVQRSMQYMPQXUijSMMNQ[ROR]OijSMNSMVUP\SMQYMVSYO[[jSgM
]QM[QPMVSWZQPRONUMQYMQSWQPUijSdM
aUP\PUSMbWOVSdM`UMPQZO[jSMNSM^PSVQ[[SMWjSM^SNQPMPQ[]XRUPM
U\PUZUYQWRSMNQM^QWUXONUNQdM
73856 K
>6<;329>;6<59>8656<;2=952
G>3856K
959;6;2>9
PRdM026dMM5WOjSMYUWRQPMaXUWSMNQMQ\]PONUNQMSVOUXM^UPUMSM
[QPZONSPMQM[]UMUYXOUdM
M0SMLM[QPZONSPMSV]^UWRQMNQMVUP\SMQYMVSYO[[jSM]QMWjSM
[QhUgM[OY]XRUWQUYQWRQgMSV]^UWRQMNQMVUP\SMS]MQY^PQ\SMQQROZSMWUM
UNYOWO[RPUijSM^bcXOVUMNOPQRUgMU]RP]OVUMQM]WNUVOSWUXMWjSMRQPM
NOPQORSMUS[McQWQVOS[MNSMaXUWSMNQMQ\]PONUNQMSVOUXgMVSYMQVQijSM
NUMU[[O[RWVOUMM[UbNQdM
MSMLM[QPZONSPMUU[RUNSMS]MXOVQWVOUNSMNSMVUP\SMQQROZSgM
[QYMNOPQORSMMPQY]WQPUijSgMOWVX][OZQM^UPUM[QPZOPMQYMSP\UWO[YSM
qspux{outymvtxpuqtx{orqox{oqo vxzu{ozmxonmnlvqommyuqoqopqno
SM]UXMVSS^QPQgMUOWNUM]QMVSWRPOc]UM^UPUMPQ\OYQMNQM^PQZONWVOUM
[SVOUXMWSMQRQPOSPgMRQPM[][^QW[SMSM[Q]MZWV]XSMVSYMSMPQ\OYQMNSM
aXUWSMNQMQ\]PONUNQMSVOUXMNSMQPZONSPMabcXOVSMQW]UWRSMN]PUPM
SMUU[RUYQWRSMS]MUMXOVQWiUgMWjSMXfQ[MU[[O[ROWNSgMWQ[RQM^QPSNSgMS[M
cQWQVOS[MNSMYQWVOSWUNSMPQ\OYQMNQM^PQZONWVOUd
M6SMQPMU[[Q\]PUNUMUSM[QPZONSPMXOVQWVOUNSMS]MUU[RUNSM[QYM
PQY]WQPUijSMUMYUW]RQWijSMNUMZOWV]XUijSMUSMPQ\OYQMNSMaXUWSMNQM
Q\]PONUNQMSVOUXMNSMQPZONSPMabcXOVSgMYQNOUWRQMSMPQVSXfOYQWRSM
YQW[UXMNUMPQ[^QVROZUMVSWRPOc]OijSgMWSMYQ[YSM^QPVQWR]UXMNQZONSM
^QXS[M[QPZONSPQ[MQYMUROZONUNQgMOWVONQWRQM[ScPQMUMPQY]WQPUijSM
RSRUXMNSMVUP\SMUM]QMUMh][MWSMQQPVVOSMNQM[]U[MURPOc]OikQ[gM
VSY^]RUWNS[QgM^UPUMQ[[QMQQORSgMOWVX][OZQgMU[MZUWRU\QW[M^Q[[SUO[dM
MSMLMPQVSXfOYQWRSMNQM]QMRPURUMSMM6SMNQZQM[QPMQQR]UNSMURTMSM
[Q\]WNSMNOUMbROXMU^~[MUMNURUMNSM^U\UYQWRSMNU[MPQY]WQPUikQ[MNS[M
[QPZONSPQ[M^bcXOVS[gMU^XOVUWNS[QMS[M^PSVQNOYQWRS[MNQMVScPUWiUMQM
QQV]ijSMNS[MRPOc]RS[MQNQPUO[M]UWNSMWjSMPQVSXfONU[MWUMNURUMNQM
ZQWVOYQWRSdM
PRdM02dMLMaXUWSMNQMQ\]PONUNQMSVOUXMZO[UMUMNUPMVScQPR]PUMUS[M
PO[VS[MUM]QMQ[RjSM[]hQORS[MSM[QPZONSPMQM[]UMUYXOUgMQMVSY^PQQWNQM
]YMVSWh]WRSMNQMcQWQVOS[MQMUikQ[M]QMURQWNUYM[M[Q\]OWRQ[M
stx{urxrmzao
MM\UPUWROPMYQOS[MNQM[]c[O[RWVOUMWS[MQZQWRS[MNQMNSQWiUgM
OWZUXONQgMZQXfOVQgMUVONQWRQMQYM[QPZOiSgMOWUROZONUNQgMUXQVOYQWRSM
QMPQVX][jSM
MM^PSRQijSMMYURQPWONUNQgMMUNSijSMQMM^URQPWONUNQM
MMU[[O[RWVOUMM[UbNQdM


aUP\PUSMbWOVSdML[McQWQVOS[M[QPjSMVSWVQNONS[MWS[MRQPYS[M
mopqtru|}mzormsturqzomnovmw{xnmtyqoqlzmvxrxzoxzoruzqzu|}mzo
NQ[RUM9QOdM
PRdM02fdML[McQWQVOS[MNSMaXUWSMNQMQ\]PONUNQMSVOUXMNSM
[QPZONSPMVSY^PQQWNQY_M
MM]UWRSMUSM[QPZONSP_M
UMU^S[QWRUNSPOUM
cMU]XOSWURUXONUNQM
VM[UXPOSUYXOUM
NMXOVQWiUM^UPUMRPURUYQWRSMNQM[UbNQM
QMXOVQWiUMM\Q[RUWRQgMMUNSRUWRQMQMXOVQWiU^URQPWONUNQM
MXOVQWiUM^SPMUVONQWRQMQYM[QPZOiSM
\MU[[O[RWVOUMM[UbNQM
fM\UPUWROUMNQMVSWNOikQ[MOWNOZON]UO[MQMUYcOQWRUO[MNQMRPUcUXfSM
[URO[UR~POU[M
MM]UWRSMUSMNQ^QWNQWRQ_
UM^QW[jSMZORUXVOUMQMRQY^SPPOUM
cMU]XOS]WQPUXM
VMU]XOSPQVX][jSM
NMU[[O[RWVOUMM[UbNQdM
M0SM[MU^S[QWRUNSPOU[MQM^QW[kQ[M[QPjSMVSWVQNONU[MQMYUWRONU[M
^QXS[M~P\jS[MS]MQWRONUNQ[MUS[M]UO[M[QMQWVSWRPUYMZOWV]XUNS[MS[M
[QPZONSPQ[gMSc[QPZUNSMSMNO[^S[RSMWS[MUPR[dM021MQMdM
MSMLMPQVQcOYQWRSMOWNQZONSMNQMcQWQVOS[MfUZONS[M^SPMPU]NQgM
NSXSMS]MYTgMOY^XOVUPMNQZSX]ijSMUSMQPPOSMNSMRSRUXMU]QPONSgM
[QYM^PQh]SMNUMUijSM^QWUXMVUcZQXdM
G>3856KK
561;4;95
<;56K
>65;4>529>
PRdM02dMLM[QPZONSPM[QPMU^S[QWRUNS_McONQMUPRdMeMNUM
SW[ROR]OijS
MM^SPMOWZUXONQM^QPYUWQWRQgM[QWNSMS[M^PSZQWRS[MOWRQ\PUO[M
xtrqormpqvvmtymormoxpurmtymomnozmvu|qonq{zyuxovqszzuqtx{o
qorqmt|xowvxmopqtyxwuqzxoqoutpvm{omzmpuspxrxomno{muomo
^PS^SPVOSWUO[MWS[MNQYUO[MVU[S[M
MMVSY^]X[SPOUYQWRQgMUS[M[QRQWRUMUWS[MNQMONUNQgMVSYM
^PSZQWRS[M^PS^SPVOSWUO[MUSMRQY^SMNQM[QPZOiSM
MMZSX]WRUPOUYQWRQ_M
UMUS[M6fMRPOWRUMQMVOWVSMUWS[MNQM[QPZOiSgM[QMfSYQYgMQMUS[M6eM
RPOWRUM[QMY]XfQPgMVSYM^PSZQWRS[MOWRQ\PUO[M
cMUS[M6eMRPOWRUMUWS[MNQMQQROZSMQQPVVOSMQYM]WikQ[MNQM
YU\O[RTPOSM[QM^PSQ[[SPgMQMfMZOWRQMQMVOWVSM[QM^PSQ[[SPUgMVSYM
^PSZQWRS[MOWRQ\PUO[M
VMUS[M6eMRPOWRUMUWS[MNQM[QPZOiSgM[QMfSYQYgMQMUS[MfMZOWRQMQM
VOWVSM[QMY]XfQPgMVSYM^PSZQWRS[M^PS^SPVOSWUO[MUMQ[[QMRQY^SM
NMUS[MfM[Q[[QWRUMQMVOWVSMUWS[MNQMONUNQgM[QMfSYQYgMQMUS[M
eM[Q[[QWRUM[QMY]XfQPgMVSYM^PSZQWRS[M^PS^SPVOSWUO[MUSMRQY^SM
NQM[QPZOiSdM
M 0SM SW[ONQPUY[QM NSQWiU[M \PUZQ[gM VSWRU\OS[U[M S]M
OWV]PZQO[gMUM]QM[QMPQQPQMSMOWVO[SMMNQ[RQMUPRO\SgMR]cQPV]XS[QM
UROZUgMUXOQWUijSMYQWRUXgMQ[VXQPS[QMYbXRO^XUgMWQS^XU[OUMYUXO\WUgM
VQ\]QOPUM^S[RQPOSPMUSMOW\PQ[[SMWSM[QPZOiSM^bcXOVSgMfUW[QWU[QgM
VUPNOS^UROUM\PUZQgMNSQWiUMNQMaUPOW[SWgM^UPUXO[OUMOPPQZQP[ZQXMQM
OWVU^UVORUWRQgMQ[^SWNOXSUPRPS[QMUW]OXS[UWRQgMWQPS^UROUM\PUZQgM
Q[RUNS[MUZUWiUNS[MNSMYUXMNQMaU\QRMS[RQRQMNQSPYUWRQgMWNPSYQM
rmontqrmspuWtpuxoruvurxoFoOomoqyvxzomoxo{muoutrupxvo
VSYMcU[QMWUMYQNOVOWUMQ[^QVOUXOUNUdM

MSMS[MVU[S[MNQMQQPVVOSMNQMUROZONUNQ[MVSW[ONQPUNU[M
OW[UX]cPQ[MS]M^QPO\S[U[gMcQYMVSYSMWU[MfO^~RQ[Q[M^PQZO[RU[MWSMUPRdM
70gMUMU^S[QWRUNSPOUMNQM]QMRPURUMSMOWVO[SMgM9UBMQM9VBgMSc[QPZUPMSM
ruzqzyqomno{muomzmpspxo
M6SMUMfO^~RQ[QMNSMOWVO[SMMSM[QPZONSPM[QPM[]cYQRONSMMh]WRUM
nrupxoqspux{omoxymzyxvoxoutx{urmoxtrqopxvxpymvuxrxoxo
OWVU^UVONUNQM^UPUMSMNQ[QY^QWfSMNU[MURPOc]OikQ[MNSMVUP\SMS]MUM
OY^S[[OcOXONUNQMNQM[QMU^XOVUPMSMNO[^S[RSMWSMUPRdMd
PRdM027dMMU^S[QWRUNSPOUMVSY^]X[~POUM[QPMU]RSYROVUgMQM
NQVXUPUNUM^SPMURSgMVSYMZO\WVOUMUM^UPROPMNSMNOUMOYQNOURSM]QXQM
QYM]QMSM[QPZONSPMUROW\OPMUMONUNQXOYORQMNQM^QPYUWWVOUMWSM[QPZOiSM
UROZSdM
PRdM022dMMU^S[QWRUNSPOUMZSX]WRPOUMS]M^SPMOWZUXONQMZO\SPUPM
UM^UPROPMNUMNURUMNUM^]cXOVUijSMNSMPQ[^QVROZSMURSdM
M0SMMU^S[QWRUNSPOUM^SPMOWZUXONQM[QPM^PQVQNONUMNQMXOVQWiUM
^UPUMRPURUYQWRSMNQM[UbNQgM^SPM^QPSNSMWjSMQVQNQWRQMUMMZOWRQMQM
]URPSMYQ[Q[dM
MSMe^OPUNSMSM^QPSNSMNQMXOVQWiUMQMWjSMQ[RUWNSMQYM
VSWNOikQ[MNQMPQU[[]YOPMSMVUP\SMS]MNQM[QPMPQUNU^RUNSgMSM[QPZONSPM
[QPMU^S[QWRUNSdM
M6SMLMXU^[SMNQMRQY^SMVSY^PQQWNONSMQWRPQMSMRTPYOWSMNUM
XOVQWiUMQMUM^]cXOVUijSMNSMURSMNUMU^S[QWRUNSPOUM[QPMVSW[ONQPUNSM
VSYSMNQM^PSPPS\UijSMNUMXOVQWiUdM
MSoxvxoqzostzorqoruzqzyqotqooSMNQ[RQMUPRO\SgM[QPjSM
VSW[ONQPUNU[MU^QWU[MU[MXOVQWiU[MYSROZUNU[M^QXUMQWQPYONUNQM
QW[QhUNSPUMNUMOWZUXONQMS]MNSQWiU[MVSPPQXUVOSWUNU[dM
MfSMMVPORTPOSMNUMNYOWO[RPUijSgMSM[QPZONSPMQYMXOVQWiUM^UPUM
RPURUYQWRSMNQM[UbNQMS]MU^S[QWRUNSM^SPMOWZUXONQM^SNQPM[QPM
VSWZSVUNSMUM]UX]QPMYSYQWRSgM^UPUMUZUXOUijSMNU[MVSWNOikQ[M]QM
QW[QhUPUYMSMUU[RUYQWRSMS]MUMU^S[QWRUNSPOUdM
PRdM021dMLM^PSZQWRSMNUMU^S[QWRUNSPOUM[QPMVUXV]XUNSMVSYM
Sc[QPZ8WVOUMNSMNO[^S[RSMWSMM6SMNSMUPRdM0gMQMPQZO[RSMWUMYQ[YUM
rxyxomovqqv|qozmnvmomozmonqruspxvoxovmntmvx|qorqzo
[QPZONSPQ[MQYMUROZONUNQdM
aUP\PUSMbWOVSdMjSMQ[RQWNONS[MUS[MOWUROZS[M]UO[]QPM
cQWQVOS[MS]MZUWRU\QW[M^S[RQPOSPYQWRQMVSWVQNONU[MUS[M[QPZONSPQ[M
QYMUROZONUNQgMOWVX][OZQM]UWNSMNQVSPPQWRQ[MNQMRPUW[SPYUijSMS]M
vmp{xzzuspx|qorqopxvwqoqot|qomnomozmormoxoxqzmtyxrqvuxo
PRdM01edMLM[QPZONSPMU^S[QWRUNSMVSYM^PSZQWRSM^PS^SPVOSWUXM
USMRQY^SMNQM[QPZOiSM[QMUVSYQRONSMNQM]UX]QPMNU[MYSXT[ROU[M
mzmpuspxrxzotqooSMNSMUPRdM02MNQ[RUM9QOMQgM^SPMQ[[QMYSROZSgMSPM
pqtzurmvxrqout{urqoqvotyxonrupxoqspux{oxzzxvoxomvpmlmvo
^PSZQWRSMOWRQ\PUXgMVUXV]XUNSMVSYMcU[QMWSM]WNUYQWRSMXQ\UXMNQM
VSWVQ[[jSMNUMU^S[QWRUNSPOUdM
PRdM010dM]UWNSM^PS^SPVOSWUXMUSMRQY^SMNQM[QPZOiSgMSM^PSZQWRSM
WjSM[QPMOWQPOSPMUM06M]YMRQPiSMNUMPQY]WQPUijSMNUMUROZONUNQdM
PRdM01dM7QZS\UNSM^QXUM9QOMWM1df7gMNQM0ed0d17
PRdM016dM7QZS\UNSM^QXUM9QOMWM1df7gMNQM0ed0d17
vyooqozmvurqvoxqzmtyxrqozmvoxwxoxowvxyuspx|qo
WURUXOWUgMURTMSMNOUMZOWRQMNSMY[MNQMNQQYcPSgMQYMZUXSPMQ]OZUXQWRQM
USMPQ[^QVROZSM^PSZQWRSgMNQN]ONSMSMUNOUWRUYQWRSMPQVQcONSdM
PRdM 01fdM SM QVSYcURQWRQM ]QM RQWfUM QQROZUYQWRQM
^UPROVO^UNSMNQMS^QPUikQ[McTXOVU[gMN]PUWRQMUMQ\]WNUM]QPPUM
6 ]WNOUXgMWS[MRQPYS[MNUM9QOMWMfd60fgMNQM0MNQM[QRQYcPSMNQM017gM
[QPMVSWVQNONUMU^S[QWRUNSPOUMVSYM^PSZQWRSMOWRQ\PUXgMUS[MfMZOWRQM
QMVOWVSMUWS[MNQM[QPZOiSMQQROZSdM


<;56KK
563895I>>89>;
PRdM01dMLMU]XOSWURUXONUNQMTMNQZONSMM[QPZONSPUM^SPM
nqyuqormotxzpunmtyqormos{qomnoxtyuxomux{mtymoxqonmtqvo
ZQWVOYQWRSMNSM[QPZOiSM^bcXOVSgMOWVX][OZQMWSMVU[SMNQMWUROYSPRSdM
M0SMUMfO^~RQ[QMNQM^UPRSMYbXRO^XSgMSMZUXSPM[QPMUVPQ[VONSMNQM
fe MVOW]QWRUM^SPMVQWRSgM^SPMWU[VOR]PSdM
MSMLMU]XOSM[QPM^U\SMUSMVWh]\QMS]MVSY^UWfQOPSM[QPZONSPM
^bcXOVSgM]UWNSMUM^UPR]POQWRQMWjSMSPM[QPZONSPUdM
<;56KKK
56<>8295>:89>
PRdM017dMLM[UXPOSUYXOUMTMNQZONSMUSM[QPZONSPMUROZSMS]MUSM
OWUROZSgM^SPMNQ^QWNQWRQMQVSWYOVSdM
aUP\PUSMbWOVSdMSW[ONQPUY[QMNQ^QWNQWRQ[MQVSWYOVS[M
^UPUMQQORSMNQM^QPVQ^ijSMNSM[UXPOSUYXOU_M
oFoqop3twmoqopqnxtmuvqomoqzos{qzoutp{zumoqzomtymxrqzo
URTM0MZOWRQMQM]YMUWS[MNQMONUNQMS]gM[QMQ[R]NUWRQgMURTMMZOWRQMQM
]URPSMUWS[MS]gM[QMOWZXONSgMNQM]UX]QPMONUNQM
MMSMYQWSPMNQM0MZOWRQMQM]YMUWS[M]QgMYQNOUWRQMU]RSPOUijSM
h]NOVOUXgMZOZQPMWUMVSY^UWfOUMQM[MQ^QW[U[MNSM[QPZONSPgMS]MNSM
OWUROZSM
MMUMYjQMQMSM^UOM[QYMQVSWSYOUM^P~^POUdM
vyooPqozmopqtswvxoxormmtrWtpuxompqt3nupxoxtrqo
qolmtmspuvuqorqozx{vuqFxn{uxomvpmlmvovmtrunmtyqorqoyvxlx{qo
S]MNQM]UX]QPMS]RPUMSWRQgMOWVX][OZQM^QW[jSMS]M^PSZQWRSMNUM
U^S[QWRUNSPOUgMQYMZUXSPMO\]UXMS]M[]^QPOSPMUSM[UXPOSYWOYSdM
PRdM011dM]UWNSMSM^UOMQMYjQMSPQYM[QPZONSPQ[M^bcXOVS[MQM
ZOZQPQYMQYMVSY]YgMSM[UXPOSUYXOUM[QPM^U\SMUM]YMNQXQ[M]UWNSM
[Q^UPUNS[gM[QPM^U\SMUM]YMQMS]RPSgMNQMUVSPNSMVSYMUMNO[RPOc]OijSM
NS[MNQ^QWNQWRQ[dM
aUP\PUSMbWOVSdMSM^UOMQMMYjQMQ]O^UPUY[QMSM^UNPU[RSgMUM
YUNPU[RUMQgMWUMUXRUMNQ[RQ[gMS[MPQ^PQ[QWRUWRQ[MXQ\UO[MNS[MOWVU^UQ[dM
PRdMeedMLM[UXPOSUYXOUMWjSMQ[RM[]hQORSMUM]UX]QPMRPOc]RSgM
WQYM[QPZOPMNQMcU[QM^UPUM]UX]QPMVSWRPOc]OijSgMOWVX][OZQM^UPUMUM
aPQZONWVOUMSVOUXdM
PRdMe0dMLMUU[RUYQWRSMNSMVUP\SMQQROZSgM[QYMPQY]WQPUijSgM
WjSMUVUPPQRUMUM[][^QW[jSMNSM^U\UYQWRSMNSM[UXPOSUYXOUdM
<;56K
>69;4>6>2>672>>:;456;6<>;
PRdMedMQPMVSWVQNONUMUSM[QPZONSPMXOVQWiUM^UPUMRPURUYQWRSM
NQM[UbNQgMUM^QNONSMS]MNQMSVOSgMVSYMcU[QMQYM^QPVOUMYTNOVUgM[QYM
vmqorxovmntmvx|qoxomosmvozo
PRdMe6dMMXOVQWiUMNQM]QMRPURUMSMUPRdMeMNQ[RUM9QOM[QPM
pqtpmrurxopqnolxzmomnomvpuxoqspux{o
M0SMQY^PQM]QMWQVQ[[POSgMUMOW[^QijSMYTNOVUM[QPMPQUXOUNUM
WUMPQ[ONWVOUMNSM[QPZONSPMS]MWSMQ[RUcQXQVOYQWRSMfS[^ORUXUPMSWNQM[QM
QWVSWRPUPMOWRQPWUNSdM
MSMWQO[ROWNSMYTNOVSMWSM~P\jSMS]MQWRONUNQMWSMXSVUXMSWNQM
[QMQWVSWRPUMS]MRQWfUMQQPVVOSMQYMVUPRQPM^QPYUWQWRQMSM[QPZONSPgM
motqozmopqtswvxtrqoxzouymzmzovmuzyxzotqzoxvwvxqzorqoxvyo
6egM[QPMUVQORSMURQ[RUNSM^U[[UNSM^SPMYTNOVSM^UPROV]XUPdM
M6SMSMVU[SMNSMMSMNQ[RQMUPRO\SgMSMURQ[RUNSM[SYQWRQM^PSN]OPM
QQORS[MNQ^SO[MNQMPQVQ^VOSWUNSM^QXUM]WONUNQMNQMPQV]P[S[Mf]YUWS[M
NSM~P\jSMS]MQWRONUNQdM

MSMMXOVQWiUM]QMQVQNQPMSM^PUSMNQM0eMVQWRSMQMZOWRQM
NOU[MWSM^QPSNSMNQM0MNSQMYQ[Q[MUMVSWRUPMNSM^POYQOPSMNOUMNQM
UU[RUYQWRSM[QPMVSWVQNONUMYQNOUWRQMUZUXOUijSM^SPMh]WRUMYTNOVUM
qspux{o
MfSoomvpuxoqspux{oxvxopqtpmzzqorxo{upmt|xormomoyvxyxoqo
pxyormzymoxvyuwqolmnopqnqotqzormnxuzopxzqzormomvpuxoqspux{o
^PQZO[RS[MWQ[RUM9QOgM[QPMQQR]UNUM^SPMVOP]P\OkQ[NQWRO[RU[gMWU[M
fO^~RQ[Q[MQYM]QMUcPUW\QPMSMVUY^SMNQMUR]UijSMNUMSNSWRSXS\OUdM
PRdMedMMXOVQWiUM^UPUMRPURUYQWRSMNQM[UbNQMOWQPOSPMUM0fM
]OWQMNOU[gMNQWRPSMNQM0M]YMUWSgM^SNQPM[QPMNO[^QW[UNUMNQM
mvpuxoqspux{otxoqvnxormsturxomnovmw{xnmtyqo
PRdMefdMLMURQ[RUNSMQMSMXU]NSMNUMh]WRUMYTNOVUMWjSM[QMPQQPOPjSM
USMWSYQMS]MWUR]PQUMNUMNSQWiUgM[UXZSM]UWNSM[QMRPURUPMNQMXQ[kQ[M
vqrurxzoqvoxpurmtymomnozmvu|qorqmt|xovqszzuqtx{oqo
x{mvorxzorqmt|xzomzmpuspxrxzotqoxvyoooSdM
PRdMedMLM[QPZONSPM]QMU^PQ[QWRUPMOWNVOS[MNQMXQ[kQ[M
SP\8WOVU[MS]M]WVOSWUO[M[QPM[]cYQRONSMUMOW[^QijSMYTNOVUdM
PRdMedMLM[QPZONSPM[QPM[]cYQRONSMUMQUYQ[MYTNOVS[M
mvurupqzotqzoymvnqzomopqtru|}mzormsturqzomnovmw{xnmtyqo
<;56
>69;4>6 6;>4;6 65>4;6;6>69;4>>;249>;
PRdMe7dMQPMVSWVQNONUMXOVQWiUMM[QPZONSPUM\Q[RUWRQM^SPM0eM
VQWRSMQMZOWRQMNOU[MVSW[QV]ROZS[gM[QYM^PQh]SMNUMPQY]WQPUijSdM
M0SMMXOVQWiUM^SNQPMRQPMOWVOSMWSM^POYQOPSMNOUMNSMWSWSMY[M
NQM\Q[RUijSgM[UXZSMUWRQVO^UijSM^SPM^PQ[VPOijSMYTNOVUdM
MSMSMVU[SMNQMWU[VOYQWRSM^PQYUR]PSgMUMXOVQWiUMRQPMOWVOSMUM
^UPROPMNSM^UPRSdM
M6SMSMVU[SMNQMWUROYSPRSgMNQVSPPONS[M6eMRPOWRUMNOU[MNSM
QZQWRSgMUM[QPZONSPUM[QPM[]cYQRONUMUMQUYQMYTNOVSgMQM[QMh]X\UNUM
U^RUgMPQU[[]YOPMSMQQPVVOSdM
MSoPqopxzqormoxlqvyqoxymzyxrqoqvonrupqoqspux{oxozmvurqvxo
RQPMNOPQORSMUM6eMRPOWRUMNOU[MNQMPQ^S][SMPQY]WQPUNSdM
vyoom{qotxzpunmtyqoqoxrq|qormos{qzoqozmvurqvoymvo
NOPQORSMMXOVQWiU^URQPWONUNQMNQMefMVOWVSMNOU[MVSW[QV]ROZS[dM
vyooxvxoxnxnmtyxvoqovvuqos{qoxyoxourxrmormo
[QO[MYQ[Q[gMUM[QPZONSPUMXUVRUWRQMRQPMNOPQORSgMN]PUWRQMUMhSPWUNUMNQM
RPUcUXfSgMM]YUMfSPUMNQMNQ[VUW[SgM]QM^SNQPM[QPM^UPVQXUNUMQYM
NSO[M^QPSNS[MNQMYQOUMfSPUdM
PRdM0edMM[QPZONSPUM]QMUNSRUPMS]MScROZQPM\]UPNUMh]NOVOUXMNQM
VPOUWiUMURTMe0M]YMUWSMNQMONUNQgM[QPjSMVSWVQNONS[M1eMWSZQWRUM
NOU[MNQMXOVQWiUMPQY]WQPUNUdM
aUP\PUSMbWOVSdMSMVU[SMNQMUNSijSMS]M\]UPNUMh]NOVOUXMNQM
VPOUWiUMVSYMYUO[MNQMe0M]YMUWSMNQMONUNQgMSM^PUSMNQM]QMRPURUM
Q[RQMUPRO\SM[QPMNQM6eMRPOWRUMNOU[dM
<;56 K
>69;4>65269;4;6;:6<;2=95
PRdM00dMQPMXOVQWVOUNSgMVSYMPQY]WQPUijSMOWRQ\PUXgMSM
[QPZONSPMUVONQWRUNSMQYM[QPZOiSdM
vyooqtswvxoxpurmtymomnozmvu|qoqorxtqozupqo
S]MYQWRUXM[SPONSM^QXSM[QPZONSPgM]QM[QMPQXUVOSWQgMYQNOURUMS]M
OYQNOURUYQWRQgMVSYMU[MURPOc]OikQ[MNSMVUP\SMQQPVONSdM
aUP\PUSMbWOVSdMe]O^UPU[QMUSMUVONQWRQMQYM[QPZOiSMSMNUWS_M
MMNQVSPPQWRQMNQMU\PQ[[jSM[SPONUMQMWjSM^PSZSVUNUM^QXSM
[QPZONSPMWSMQQPVVOSMNSMVUP\SM
MM[SPONSMWSM^QPV]P[SMNUMPQ[ONWVOUM^UPUMSMRPUcUXfSMQMZOVQ
ZQP[UdM


PRdM06dMLM[QPZONSPMUVONQWRUNSMQYM[QPZOiSM]QMWQVQ[[ORQMNQM
RPURUYQWRSMQ[^QVOUXOUNSM^SNQPM[QPMRPURUNSMQYMOW[ROR]OijSM^POZUNUgM
MVSWRUMNQMPQV]P[S[M^bcXOVS[dM
aUP\PUSMbWOVSdMLMRPURUYQWRSMPQVSYQWNUNSM^SPMh]WRUMYTNOVUM
qspux{opqtzyuyuonmrurxormompm|qomozqnmtymozmvoxrnuzzm{o
]UWNSMOWQO[ROPQYMYQOS[MQMPQV]P[S[MUNQ]UNS[MQYMOW[ROR]OijSM
^bcXOVUdM
PRdM0dMM^PSZUMNSMUVONQWRQM[QPMQORUMWSM^PUSMNQM0eMNQM
NOU[gM^PSPPS\ZQXM]UWNSMU[MVOPV]W[R8WVOU[MSMQO\OPQYdM
<;56 KK
>6;45
PRdM0fdMaSPMYSPRQMNSM[QPZONSPgMS[MNQ^QWNQWRQ[MUQYMh][M
UM]YUM^QW[jSMYQW[UXMNQMZUXSPMVSPPQ[^SWNQWRQMUSMNUMPQ[^QVROZUM
PQY]WQPUijSMS]M^PSZQWRSgMUM^UPROPMNUMNURUMNSM~cORSgMSc[QPZUNSMSM
XOYORQMQ[RUcQXQVONSMWSMUPRdMdM
PRdM0dM[M^QW[kQ[MNO[ROW\]QY[QgM]UWRSMMWUR]PQUgMQYM
ZORUXVOU[MQMRQY^SPPOU[dM
M0SMM^QW[jSMZORUXVOUMTMVSY^S[RUMNQMVSRUMS]MVSRU[M
^QPYUWQWRQ[gM]QM[SYQWRQM[QMQROW\]QYMS]MPQZQPRQYMVSYMUMYSPRQM
rmozmzolmtmspuvuqzo
MSMM^QW[jSMRQY^SPPOUMTMVSY^S[RUMNQMVSRUMS]MVSRU[M]QM
^SNQYM[QMQROW\]OPMS]MPQZQPRQPM^SPMYSROZSMNQMYSPRQgMVQ[[UijSMNQM
utx{urmoqonxuqvurxrmorqolmtmspuvuqo
vyokoqolmtmspuvuqzorxzomtz}mzao
MMZORUXVOU_M
UMSMVWh]\QM
cMUM^Q[[SUMNQ[]ORUNUgM[Q^UPUNUMh]NOVOUXYQWRQMS]MNOZSPVOUNUgM
VSYM^QPVQ^ijSMNQM^QW[jSMUXOYQWRVOUM
VMSMVSY^UWfQOPSMS]MVSY^UWfQOPUMNQ[O\WUNSM]QMVSY^PSZQM
]WOjSMQ[RZQXMVSYSMQWRONUNQMUYOXOUPM
NMUMYjQMQMSM^UOM]QMVSY^PSZQYMNQ^QWNWVOUMQVSWYOVUMNSM
[QPZONSPM
QMUM^Q[[SUMNQ[O\WUNUgMYUOSPMNQMeM[Q[[QWRUMUWS[MQMUM^Q[[SUM
qvyxrqvxormormspuWtpuxomouxnozqloxormmtrWtpuxompqt3nupxo
NSM[QPZONSPM
MMRQY^SPPOU_M
xoqzos{qzoqomtymxrqzoxyooutymomonoxtqzormourxrmoqo
[QMOWZXONS[gMQW]UWRSMN]PUPMUMOWZUXONQM
cMSMYQWSPM[ScM\]UPNUMS]MR]RQXUMURTM0MZOWRQMQM]YMUWS[MNQM
ONUNQM
VMSMOPYjSM~PjSgMURTM0MZOWRQMQM]YMUWS[gMQMSMOWZXONSgM
QW]UWRSM N]PUPM UM OWZUXONQgM ]QM VSY^PSZQYM NQ^QWNWVOUM
QVSWYOVUMNSM[QPZONSPM
NMUM^Q[[SUMNQ[O\WUNUM]QMZOZUMWUMNQ^QWNWVOUMQVSWYOVUMNSM
[QPZONSPgMURTM0MZOWRQMQM]YMUWS[gMS]gM[QMOWZXONUgMQW]UWRSMN]PUPM
UMOWZUXONQdM
M0Soopqtpmzzqormomtzqouyx{puxoxqzolmtmspuvuqzormomo
RPURUYMU[MUXWQU[M9UBMQM9VBMNSMOWVO[SMMNQ[RQMUPRO\SMQVX]OMNQ[[QM
ruvmuyqoqzormnxuzolmtmspuvuqzovmmvurqzotxzox{tmxzoromomo
MSoopqtpmzzqorxomtzqoymnqvvuxoxqzolmtmspuvuqzormo
]QMRPURUYMU[MUXWQU[M9UBMQM9cBMNSMOWVO[SMMNQ[RQMUPRO\SMQVX]OM
rmzzmoruvmuyqoqzormnxuzolmtmspuvuqzovmmvurqzotxzox{tmxzopomo
9NBdM
PRdM02dMM^QW[jSM[QPMVSWVQNONUMOWRQ\PUXYQWRQMUSMROR]XUPM
rxomtzqouyx{puxompmyqozmomuzyuvmnolmtmspuvuqzorxomtzqo
RQY^SPPOUdM


M0SMLVSPPQWNSMfUcOXORUijSMNQMZPOS[MROR]XUPQ[MM^QW[jSM
ZORUXVOUgMSM[Q]MZUXSPM[QPMNO[RPOc]NSMQYM^UPRQ[MO\]UO[MQWRPQMS[M
lmtmspuvuqzoxluXORUNS[dM
MSMLVSPPQWNSMfUcOXORUijSM[M^QW[kQ[MZORUXVOUMQMRQY^SPPOUgM
YQRUNQMNSMZUXSPMVUcQPMUSMROR]XUPMS]MROR]XUPQ[MNUM^QW[jSMZORUXVOUgM
[QWNSMUMS]RPUMYQRUNQMPURQUNUMQYM^UPRQ[MO\]UO[gMQWRPQMS[MROR]XUPQ[MNUM
^QW[jSMRQY^SPPOUdM
M6SMLVSPPQWNSMfUcOXORUijSM[SYQWRQMM^QW[jSMRQY^SPPOUgMSM
ZUXSPMOWRQ\PUXMNUM^QW[jSM[QPMPURQUNSgMQYM^UPRQ[MO\]UO[gMQWRPQMS[M
]QM[QMfUcOXORUPQYdM
PRdM01dMM^QW[jSM^SNQPM[QPMPQ]QPONUMUM]UX]QPMRQY^SgM
^PQ[VPQZQWNSMRjSM[SYQWRQMU[M^PQ[RUikQ[MQO\ZQO[MfMYUO[MNQMfM
VOWVSMUWS[dM
aUP\PUSMbWOVSdMSWVQNONUMUM^QW[jSgM]UX]QPM^PSZUM^S[RQPOSPM
qoxlu{uyx|qoyxvruxomoun{umomp{zqormolmtmspuvuqoqo
PQN]ijSMNQM^QW[jSM[~M^PSN]OPMQQORS[MUM^UPROPMNUMNURUMQYM]QMSPM
SQPQVONUdM
vyooPqoxozoZomtzqoqolmtmspuvuqopqtrmtxrqom{xo
^PROVUMNQMVPOYQMNSXS[SMNQM]QMRQWfUMPQ[]XRUNSMUMYSPRQMNSM[QPZONSPdM
PRdM0dMQPMVSWVQNONUM^QW[jSM^PSZO[~POUM^SPMYSPRQM
^PQ[]YONUMNSM[QPZONSPgMWS[M[Q\]OWRQ[MVU[S[_M
MMNQVXUPUijSMNQMU][WVOUgM^QXUMU]RSPONUNQMh]NOVOPOUM
VSY^QRQWRQM
MMNQ[U^UPQVOYQWRSMQYMNQ[UcUYQWRSgMOW]WNUijSgMOWVWNOSMS]M
UVONQWRQMWjSMVUPUVRQPOUNSMVSYSMQYM[QPZOiSM
MMNQ[U^UPQVOYQWRSMWSMNQ[QY^QWfSMNU[MURPOc]OikQ[MNSMVUP\SM
S]MQYMYO[[jSMNQM[Q\]PUWiUdM
aUP\PUSMbWOVSdMM^QW[jSM^PSZO[~POUM[QPMRPUW[SPYUNUMQYM
ZORUXVOUMS]MRQY^SPPOUgMVSWSPYQMSMVU[SgMNQVSPPONS[MfMVOWVSMUWS[M
NQM[]UMZO\WVOUgMPQ[[UXZUNSMSMQZQWR]UXMPQU^UPQVOYQWRSMNSM[QPZONSPgM
fO^~RQ[QMQYM]QMSMcQWQVOSM[QPMU]RSYUROVUYQWRQMVUWVQXUNSdM
vyoopxvvmyxomvrxorxox{urxrmormolmtmspuvuqao
MMSM[Q]MUXQVOYQWRSM
MMUMUW]XUijSMNSMVU[UYQWRSgM]UWNSMUMNQVO[jSMSVSPPQPMU^~[MUM
VSWVQ[[jSMNUM^QW[jSMUSMVWh]\QM
oFoxopmzzx|qormoutx{urmomnozmoyvxyxtrqormolmtmspuvuqo
OWZXONSM
oFoxonxuqvurxrmormos{qouvnqovqoqomzzqxormzuwtxrxo
US[M0MZOWRQMQM]YMUWS[MNQMONUNQM
cMMUMUV]Y]XUijSMNQM^QW[jSMWUMSPYUMNSMUPRdMfM
cMMUMPQWbWVOUMQ^PQ[[UdM
xvwvxqotupqoopvuyvuqorxornutuzyvx|qoqolmtmspuvuqormo
^QW[jSMRQY^SPPOUMYSROZUNUM^SPMOWZUXONQM^SNQPM[QPMVSWZSVUNSMUM
]UX]QPMYSYQWRSM^UPUMUZUXOUijSMNU[MVSWNOikQ[M]QMQW[QhUPUYMUM
VSWVQ[[jSMNSMcQWQVOSdM
vyojoqvonqvymoqomvrxorxox{urxrmormolmtmspuvuqoxo
PQ[^QVROZUMVSRUMPQZQPRQP_M
MMNUM^QW[jSMZORUXVOUM^UPUMS[MPQYUWQ[VQWRQ[MNQ[RUM^QW[jSMS]M
^UPUMS[MROR]XUPQ[MNUM^QW[jSMRQY^SPPOUgM[QMWjSMfS]ZQPM^QW[OSWO[RUM
PQYUWQ[VQWRQMNUM^QW[jSMZORUXVOUM
oForxomtzqoymnqvvuxoxvxoqzopqFlmtmspuvuqzoqotxox{yxo
rmzymzoxvxoqolmtmspuvuqorxomtzqouyx{puxo
PRdMdM[M^QW[kQ[M[QPjSMU]RSYUROVUYQWRQMUR]UXOUNU[MWUM
YQ[YUMNURUMQMWUMYQ[YUM^PS^SPijSMNS[MPQUh][RQ[MNS[MZQWVOYQWRS[M
NS[M[QPZONSPQ[gMU^XOVUWNS[QMSMNO[^S[RSMWSM^UP\PUSMbWOVSMNSMUPRdM
021dM
PRdMfdM7Q[[UXZUNSMSMNOPQORSMNQMS^ijSgMTMZQNUNUMUM^QPVQ^ijSM
V]Y]XUROZUMNQMYUO[MNQMN]U[M^QW[kQ[dM


<;56 KKK
56389534;2>8
PRdMdMLMU]XOS]WQPUXMTMNQZONSMMUYXOUMNSM[QPZONSPM
UXQVONSMWUMUROZONUNQMS]MU^S[QWRUNSgMQYMZUXSPMQ]OZUXQWRQMUM]YM
Y[MNUMPQY]WQPUijSMS]M^PSZQWRSdM
M0SMSMVU[SMNQMUV]Y]XUijSMXQ\UXMNQMVUP\S[gMSMU]XOSM[QPM
^U\SM[SYQWRQMQYMPUjSMNSMVUP\SMNQMYUOSPMPQY]WQPUijSdM
MSMce`LdM
M6SMLMU]XOSM[QPM^U\SMWSM^PUSMNQM2M]UPQWRUMQMSORSM
fSPU[gM^SPMYQOSMNQM^PSVQNOYQWRSM[]YUP[[OYSgMM^Q[[SUMNUMUYXOUM
]QMfS]ZQPMV][RQUNSMSM]WQPUXdM
PRdM7dMQMSM]WQPUXMSPMV][RQUNSM^SPMRQPVQOPSgMQ[RQM[QPM
OWNQWOUNSgMSc[QPZUNSMSMNO[^S[RSMWSMUPRO\SMUWRQPOSPdM
PRdM2dMeYMVU[SMNQMUXQVOYQWRSMNQM[QPZONSPMQYM[QPZOiSMSPUM
NSMXSVUXMNQMRPUcUXfSgMOWVX][OZQMWSMQRQPOSPgMU[MNQ[^Q[U[MNQMRPUW[^SPRQM
NSMVSP^SMVSPPQPjSMMVSWRUMNQMPQV]P[S[MNUM5WOjSgMU]RUP]OUMS]M
]WNUijSM^bcXOVUdM
<;56K
563895;835
PRdM1dMMUYXOUMNSM[QPZONSPMUROZSMTMNQZONSMSMU]XOS
PQVX][jSgMWS[M[Q\]OWRQ[MZUXSPQ[_M
MMNSO[MRQPiS[MNUMPQY]WQPUijSgM]UWNSMUU[RUNSM^SPMYSROZSM
rmovuzqomnolxwvxtymoqovmmtyuxormymvnutxrxom{xoxyqvurxrmo
VSY^QRQWRQgMQW]UWRSM^QPN]PUPMUM^PO[jSM
MMYQRUNQMNUMPQY]WQPUijSgMN]PUWRQMSMUU[RUYQWRSgMQYMZOPR]NQM
rmopqtrmtx|qoqvozmtymt|xormstuyuxoxomtxomotqormymvnutmo
UM^QPNUMNQMVUP\SdM
M0SMS[MVU[S[M^PQZO[RS[MWSMOWVO[SMMNQ[RQMUPRO\SgMSM[QPZONSPM
RQPMNOPQORSMMOWRQ\PUXOUijSMNUMPQY]WQPUijSgMNQ[NQM]QMUc[SXZONSdM
MSMLM^U\UYQWRSMNSMU]XOSPQVX][jSMVQ[[UPMUM^UPROPMNSMNOUM
OYQNOURSM]QXQMQYM]QMSM[QPZONSPMSPM^S[RSMQYMXOcQPNUNQgMUOWNUM
]QMVSWNOVOSWUXdM
G>3856KKK
>6949>6 6<>;
PRdM6edMMU[[O[RWVOUMM[UbNQMNSM[QPZONSPgMUROZSMS]MOWUROZSgM
QMNQM[]UMUYXOUMVSY^PQQWNQMU[[O[RWVOUMYTNOVUgMfS[^ORUXUPgM
SNSWRSX~\OVUgM^[OVSX~\OVUMQMUPYUV]ROVUgMRQPMVSYSMNOPQRPOMc[OVUM
SMOY^XQYQWRSMNQMUikQ[M^PQZQWROZU[MZSXRUNU[M^UPUMUM^PSYSijSM
rxozxrmomozmvovmzyxrxom{qouzymnxotupqormoxrmoYoo
NOPQRUYQWRQM^QXSM~P\jSMS]MQWRONUNQMUSM]UXMQ[ROZQPMZOWV]XUNSMSM
[QPZONSPgMS]MYQNOUWRQMVSWZWOSMS]MVSWRPURSgMS]MUOWNUMWUMSPYUM
NQMU]XOSgMYQNOUWRQMPQ[[UPVOYQWRSM^UPVOUXMNSMZUXSPMNQ[^QWNONSM
^QXSM[QPZONSPgMUROZSMS]MOWUROZSgMQM[Q][MNQ^QWNQWRQ[MS]M^QW[OSWO[RU[M
VSYM^XUWS[MS]M[Q\]PS[M^POZUNS[MNQMU[[O[RWVOUMM[UbNQgMWUMSPYUM
Q[RUcQXQVONUMQYMPQ\]XUYQWRSdM
M0SMU[MfO^~RQ[Q[M^PQZO[RU[MWQ[RUM9QOMQYM]QM[QhUMQO\ONUM
^QPVOUgMUZUXOUijSMS]MOW[^QijSMYTNOVUgMWUMU][WVOUMNQMYTNOVSM
qotyxonrupxoqspux{oxvxoxozxovmx{ux|qoqovwqoqo
QWRONUNQMVQXQcPUPgM^PQQPQWVOUXYQWRQgMVSWZWOSMVSYM]WONUNQ[M
rmoxymtrunmtyqorqozuzymnxol{upqormozxrmomtyurxrmzozmnostzo
X]VPUROZS[MNQVXUPUNU[MNQM]ROXONUNQM^bcXOVUgMS]MVSYMSMW[ROR]RSM
UVOSWUXMNSMQ\]PSMSVOUXMMd


MSoPxounqzzulu{urxrmormurxnmtymozyuspxrxorxox{upx|qo
NSMNO[^S[RSMWSM^UP\PUSMUWRQPOSPgMSM~P\jSMS]MQWRONUNQM^PSYSZQPM
UMVSWRPURUijSMNUM^PQ[RUijSMNQM[QPZOiS[M^SPM^Q[[SUMh]PNOVUgM]QM
pqtzyuyuvotyxonrupxomzmpuspxnmtymoxvxomzzmzostzoutrupxtrqo
S[MWSYQ[MQMQ[^QVOUXONUNQ[MNS[M[Q][MOWRQ\PUWRQ[gMVSYMUMVSY^PSZUijSM
NQM[]U[MfUcOXORUikQ[MQMNQM]QMWjSMQ[RQhUYMPQ[^SWNQWNSMUM^PSVQ[[SM
ruzpu{utxvotyqoZomtyurxrmoszpx{uxrqvxorxovqszzq
M6Soxvxoqzostzorqoruzqzyqotqopxyormzymoxvyuwqospxnoxo
5WOjSMQM[]U[MQWRONUNQ[MU]RP]OVU[MQM]WNUVOSWUO[MU]RSPOUNU[MU_M
MMVQXQcPUPMVSWZWOS[MQVX][OZUYQWRQM^UPUMUM^PQ[RUijSM
NQM[QPZOiS[MNQMU[[O[RWVOUMM[UbNQM^UPUMS[M[Q][M[QPZONSPQ[MS]M
QY^PQ\UNS[MUROZS[gMU^S[QWRUNS[gM^QW[OSWO[RU[gMcQYMVSYSM^UPUM
zmzovmzmpyuqzowvqzoxnu{uxvmzormsturqzopqnomtyurxrmzo
NQMU]RS\Q[RjSM^SPMQXU[M^URPSVOWUNU[M^SPMYQOSMNQMOW[RP]YQWRS[M
h]PNOVS[MQQROZUYQWRQMVQXQcPUNS[MQM^]cXOVUNS[MURTM0MNQMQZQPQOPSM
NQMeeMQM]QM^S[[]UYMU]RSPOUijSMNQM]WVOSWUYQWRSMNSM~P\jSM
PQ\]XUNSPgM[QWNSMVQPRSM]QMS[MVSWZWOS[MVQXQcPUNS[MNQ^SO[MNQ[[UM
rxyxozqnmtymoqrmvqozWF{qotxoqvnxorxovmw{xnmtyx|qomzmpspxo
[ScPQM^URPSVWOSMNQMU]RS\Q[RkQ[gMUM[QPM^]cXOVUNUM^QXSMYQ[YSM~P\jSM
PQ\]XUNSPgMWSM^PUSMNQM02eMVQWRSMQMSORQWRUMNOU[MNUMZO\WVOUMNQ[RUM
9QOgMWSPYU[MQ[[U[MRUYcTYMU^XOVZQO[MUS[MVSWZWOS[MQO[RQWRQ[MURTM
0MNQMQZQPQOPSMNQMeeM
MMVSWRPURUPgMYQNOUWRQMXOVORUijSgMWUMSPYUMNUM9QOMWSM2dgMNQM
0MNQMh]WfSMNQM0116gMS^QPUNSPU[MNQM^XUWS[MQM[Q\]PS[M^POZUNS[MNQM
U[[O[RWVOUMM[UbNQM]QM^S[[]UYMU]RSPOUijSMNQM]WVOSWUYQWRSMNSM
~P\jSMPQ\]XUNSPM
MMce`LMWVX]NSM^QXUM9QOMWM00d6eMNQMee
MSMce`LMWVX]NSM^QXUM9QOMWM00d6eMNQMee
MfSobox{qvorqovmzzxvpunmtyqospxo{unuyxrqoxqoyqyx{ormzmtrurqo
^QXSM[QPZONSPMS]M^QW[OSWO[RUMVOZOXMVSYM^XUWSMS]M[Q\]PSM^POZUNSMNQM
U[[O[RWVOUMM[UbNQdM
G>3856K
56G3;95
PRdM60dM7QZS\UNSM^QXUM9QOMWM1d726gMNQM2de0d11
73856 KK
G>3856h495
>6G542>>567;:5229>6;6J;954>86K4;2;;6895
PRdM6dM7QZS\UNSM^QXUM9QOMWM2d7fgMNQM1d0d16
PRdM66dM7QZS\UNSM^QXUM9QOMWM2d7fgMNQM1d0d16
PRdM6dM7QZS\UNSM^QXUM9QOMWM2d7fgMNQM1d0d16
PRdM6fdM7QZS\UNSM^QXUM9QOMWM2d7fgMNQM1d0d16
73856 KKK
G>3856h495
>6959;6;2>9
PRdM6dMLM`OUMNSMQPZONSPMabcXOVSM[QPMVSYQYSPUNSMUMZOWRQM
QMSORSMNQMS]R]cPSdM
PRdM67dMaSNQPjSM[QPMOW[ROR]NS[gMWSM8YcORSMNS[MaSNQPQ[M
eQV]ROZSgM9Q\O[XUROZSMQM
]NOVOPOSgMS[M[Q\]OWRQ[MOWVQWROZS[M
]WVOSWUO[gMUXTYMNU]QXQ[MhM^PQZO[RS[MWS[MPQ[^QVROZS[M^XUWS[MNQM
VUPPQOPU_M
MM^PYOS[M^QXUMU^PQ[QWRUijSMNQMONQOU[gMOWZQWRS[MS]MRPUcUXfS[M
]QMUZSPQiUYMSMU]YQWRSMNQM^PSN]ROZONUNQMQMUMPQN]ijSMNS[MV][RS[M
S^QPUVOSWUO[M


MMVSWVQ[[jSMNQMYQNUXfU[gMNO^XSYU[MNQMfSWPUMUSMYTPORSgM
VSWNQVSPUijSMQMQXS\OSdM
PRdM62dML[M^PUS[M^PQZO[RS[MWQ[RUM9QOM[QPjSMVSWRUNS[MQYM
NOU[MVSPPONS[gMQVX]OWNS[QMSMNOUMNSMVSYQiSMQMOWVX]OWNS[QMSMNSM
mtpunmtyqospxtrqovqvvqwxrqoxvxoqovunmuvqoruxoyu{ozmwutymo
SM^PUSMZQWVONSMQYMNOUMQYM]QMWjSMfUhUMQ^QNOQWRQdM
PRdM61dMaSPMYSROZSMNQMVPQWiUMPQXO\OS[UMS]MNQMVSWZOVijSM
s{qzspxoqoq{yupxoqozmvurqvotqoqrmvozmvovuxrqormo
]UO[]QPMNS[M[Q][MNOPQORS[gM[SPQPMNO[VPOYOWUijSMQYM[]UMZONUM
]WVOSWUXgMWQYMQOYOP[QMNSMV]Y^POYQWRSMNQM[Q][MNQZQPQ[dM
PRdMedMSM[QPZONSPM^bcXOVSMVOZOXMTMU[[Q\]PUNSgMWS[MRQPYS[M
NUMSW[ROR]OijSMQNQPUXgMSMNOPQORSMMXOZPQMU[[SVOUijSM[OWNOVUXMQMS[M
[Q\]OWRQ[MNOPQORS[gMQWRPQMS]RPS[gMNQXUMNQVSPPQWRQ[_M
UMNQM[QPMPQ^PQ[QWRUNSM^QXSM[OWNOVURSgMOWVX][OZQMVSYSM[]c[ROR]RSM
^PSVQ[[]UXM
cMNQMOWUYSZOcOXONUNQMNSMNOPO\QWRQM[OWNOVUXgMURTM]YMUWSMU^~[MSM
stx{orqonxtrxyqompmyqozmoxomrurqo
VMNQMNQ[VSWRUPMQYMSXfUgM[QYMW][M^UPUMUMQWRONUNQM[OWNOVUXMUM
moqvos{uxrqoqox{qvorxzonmtzx{urxrmzomopqtyvulu|}mzormsturxzo
QYMU[[QYcXQOUM\QPUXMNUMVURQ\SPOUd
NMcQRUNSd
QMcQRUNSd
NM7QZS\UNSM^QXUM9QOMWM1df7gMNQM0ed0d17
QM7QZS\UNSM^QXUM9QOMWM1df7gMNQM0ed0d17
PRdM0dMSW[ONQPUY[QMNUMUYXOUMNSM[QPZONSPgMUXTYMNSM
p3twmomos{qzoxuzmvomzzqxzomouxnoZzozxzommtzxzomo
VSW[RQYMNSM[Q]MU[[QWRUYQWRSMOWNOZON]UXdM
aUP\PUSMbWOVSdMe]O^UPU[QMUSMVWh]\QMUMVSY^UWfQOPUMS]M
VSY^UWfQOPSgM]QMVSY^PSZQM]WOjSMQ[RZQXMVSYSMQWRONUNQMUYOXOUPd
vyooxvxoqzostzormzyxo[muopqtzurmvxFzmozmrmoqontupuqo
SWNQMUMPQ^UPROijSMQ[ROZQPMOW[RUXUNUMQMSWNQMSM[QPZONSPMROZQPMQQPVVOSgM
QYMVUPRQPM^QPYUWQWRQdM
73856K
G>3856h495
>6959;672>49829>6;694>9
PRdM6dMOVUYM[]cYQRONS[MUSMPQ\OYQMh]PNOVSMOW[ROR]NSM^SPM
Q[RUM9QOgMWUM]UXONUNQMNQM[QPZONSPQ[M^bcXOVS[gMS[M[QPZONSPQ[MNS[M
aSNQPQ[MNUM5WOjSgMNS[MQQPPOR~POS[gMNU[MU]RUP]OU[gMOWVX][OZQMU[M
QYMPQ\OYQMQ[^QVOUXgMQMNU[M]WNUikQ[M^bcXOVU[gMPQ\ONS[M^QXUM9QOM
WM0d700gMNQM2MNQMS]R]cPSMNQM01fMMe[RUR]RSMNS[M]WVOSWPOS[M
abcXOVS[MOZO[MNUM5WOjSgMS]M^QXUMSW[SXONUijSMNU[M9QO[MNSM
PUcUXfSgMU^PSZUNUM^QXSM`QVPQRS9QOMWMfdfgMNQM0SMNQMYUOSM
NQM016gMQVQRSMS[MVSWRPURUNS[M^SPM^PUSMNQRQPYOWUNSgMV]hS[M
VSWRPURS[MWjSM^SNQPjSM[QPM^PSPPS\UNS[MU^~[MSMZQWVOYQWRSMNSM^PUSM
NQM^PSPPS\UijSdM
M0SML[MQY^PQ\S[MSV]^UNS[M^QXS[M[QPZONSPQ[MOWVX]NS[MWSM
vmwunmoutzyuyrqoqvomzyxo[muospxnoyvxtzqvnxrqzomnopxvwqzotxo
NURUMNQM[]UM^]cXOVUijSdM
MSozot|}mzormopqtsxt|xommvpurxzoqvomzzqxzotqo
OWRQ\PUWRQ[MNQMRUcQXUM^QPYUWQWRQMNSM~P\jSMS]MQWRONUNQMSWNQMRYM
mmvppuqospxnoyvxtzqvnxrxzomnopxvwqzomnopqnuzzqomonxtyurxzo
QW]UWRSMWjSMSPMOY^XUWRUNSMSM^XUWSMNQMVUP\S[MNS[M~P\jS[MS]M
QWRONUNQ[MWUMSPYUMNUMXQOdM
M6SM[M]WikQ[MNQM[[Q[[SPUYQWRSM]^QPOSPMMgMQQPVONU[M
qvozmvurqvoutymwvxtymormoxrvqoqoyxlm{xormomzzqx{ospxno
QROWRU[MWUMNURUMNUMZO\WVOUMNQ[RUM9QOdM
MSMce`Ld


MfSMLMPQ\OYQMh]PNOVSMNQ[RUM9QOMTMQRQW[OZSMUS[M[QPZQWR]POS[M
NUM
][ROiUgMPQY]WQPUNS[MVSYMPQV]P[S[MNUM5WOjSgMWSM]QMVS]cQPdM
MSML[MQY^PQ\S[MNS[M[QPZONSPQ[MQ[RPUW\QOPS[MVSYMQ[RUcOXONUNQM
WSM[QPZOiSM^bcXOVSgMQW]UWRSMWjSMUN]OPOPQYMUMWUVOSWUXONUNQM
cPU[OXQOPUgM^U[[UPjSMUMOWRQ\PUPMRUcQXUMQYMQROWijSgMNSMPQ[^QVROZSM
~P\jSMS]MQWRONUNQgM[QYM^PQh]SMNS[MNOPQORS[MOWQPQWRQ[MUS[M^XUWS[M
NQMVUPPQOPUMUS[M]UO[M[QMQWVSWRPQYMZOWV]XUNS[MS[MQY^PQ\S[dM
M7SML[M[QPZONSPQ[M^bcXOVS[MNQM]QMRPURUMSMMNQ[RQMUPRO\SgM
WjSMUY^UPUNS[M^QXSMUPRdM01MNSMRSMNU[M`O[^S[OikQ[MSW[ROR]VOSWUO[M
PUW[OR~POU[gM^SNQPjSgMWSMOWRQPQ[[QMNUMNYOWO[RPUijSMQMVSWSPYQM
VPORTPOS[MQ[RUcQXQVONS[MQYMPQ\]XUYQWRSgM[QPMQSWQPUNS[MYQNOUWRQM
OWNQWOUijSMNQM]YMY[MNQMPQY]WQPUijSM^SPMUWSMNQMQQROZSM
QQPVVOSMWSM[QPZOiSM^bcXOVSMQNQPUXd
M2SoxvxostzormoutpurWtpuxorqounqzyqormovmtrxotxoqtymomotxo
NQVXUPUijSMNQMPQWNOYQWRS[gM[QPjSMVSW[ONQPUNS[MVSYSMOWNQWOUikQ[M
O[QWRU[MS[M^U\UYQWRS[MQQR]UNS[MUMRR]XSMNQMOWNQWOUijSM^PQZO[RUM
WSM^UP\PUSMUWRQPOSPd
M1SML[MVUP\S[MZU\S[MQYMNQVSPPWVOUMNUMU^XOVUijSMNSMNO[^S[RSM
WSMM7SM^SNQPjSM[QPMQROWRS[M^QXSMaSNQPMeQV]ROZSM]UWNSM
VSW[ONQPUNS[MNQ[WQVQ[[POS[d
PRdMdML[MUNOVOSWUO[M^SPMRQY^SMNQM[QPZOiSgMhMVSWVQNONS[M
xqzozmvurqvmzoxlvxtwurqzoqvomzyxo[muospxnoyvxtzqvnxrqzomno
UW]WOSdM
PRdMfdMMXOVQWiUMQ[^QVOUXMNO[VO^XOWUNUM^QXSMUPRdM00MNUM9QOM
tokormooqoqvoqyvqoru{qnxo{mwx{ospxoyvxtzqvnxrxo
QYMXOVQWiU^PYOSM^SPMU[[ON]ONUNQgMWUMSPYUM^PQZO[RUMWS[MUPR[dM27M
UM1edM
PRdMdMce`Ld
PRdM7dMaUPUMQQORSMNSMNO[^S[RSMWSMR]XSMcMNQ[RUM9QOgM
fUZQPMUh][RQMNQMVSWRU[MVSYMUMaPQZONWVOUMSVOUXgMVSPPQ[^SWNQWRQM
USM^QPSNSMNQMVSWRPOc]OijSM^SPM^UPRQMNS[M[QPZONSPQ[MVQXQRO[RU[M
UcPUW\ONS[M^QXSMUPRdM6dM
PRdM2dM[M^QW[kQ[MQ[RUR]RPOU[gMVSWVQNONU[MURTMUMZO\WVOUM
NQ[RUM9QOgM^U[[UYMUM[QPMYUWRONU[M^QXSM~P\jSMS]MQWRONUNQMNQMSPO\QYM
NSM[QPZONSPdM
PRdM1dMRTMUMQNOijSMNUMXQOM^PQZO[RUMWSMM0SMNSMUPRdM60gMS[M
[QPZONSPQ[MUcPUW\ONS[M^SPMQ[RUM9QOMVSWRPOc]OPjSMWUMSPYUMQMWS[M
^QPVQWR]UO[MUR]UXYQWRQMQ[RUcQXQVONS[M^UPUMSM[QPZONSPMVOZOXMNUM
5WOjSMVSWSPYQMPQ\]XUYQWRSM^P~^POSdM
PRdMfeMcQRUNSM
PRdMfedMLM[QPZONSPM]QMhMROZQPM[URO[QORSMS]MZOQPMUM
[URO[UQPgMNQWRPSMNQM0M]YMUWSgMU[MVSWNOikQ[MWQVQ[[POU[M^UPUMUM
U^S[QWRUNSPOUMWS[MRQPYS[MNSMOWVO[SMMNSMUPRdM02MNSMUWRO\SMe[RUR]RSM
NS[M]WVOSWPOS[MabcXOVS[MOZO[MNUM5WOjSgM9QOMW1M0d700gMNQM2MNQM
S]R]cPSMNQM01fgMU^S[QWRUP[QMVSYMUMZUWRU\QYM^PQZO[RUMWU]QXQM
NO[^S[OROZSdM6 UWRONSM^QXSMSW\PQ[[SMUVOSWUX
PRdMf0d7QZS\UNSM^QXUM9QOMWM1df7gMNQM0ed0d17
PRdMfdMe[RUM9QOMQWRPUMQYMZO\SPMWUMNURUMNQM[]UM^]cXOVUijSgM
pqnommuyqzostxtpmuvqzoxoxvyuvorqovunmuvqoruxorqonWzozlzmmtymo
PRdMf6dMOVUYMPQZS\UNU[MUM9QOMWM0d700gMNQM2MNQMS]R]cPSMNQM
01fgMQMPQ[^QVROZUMXQ\O[XUijSMVSY^XQYQWRUPgMcQYMVSYSMU[MNQYUO[M
NO[^S[OikQ[MQYMVSWRPPOSdM
PU[XOUgM00MNQMNQQYcPSMNQM011eM01SMNUMWNQ^QWNWVOUMQM
S
0e MNUM7Q^bcXOVUd
e7`LML99L7M
|DDDDQB


PQUXMNQM][SgM^UPUMXOVORUikQ[MOWRQPWUVOSWUO[gM^UPUMUMVQXQcPUijSMNQM
VSWRPURSMUNYOWO[RPUROZSMNQMVSWVQ[[jSMNQM[QPZOiS[M^bcXOVS[MQM^UPUMUM
VSWRPURUijSMNQM^UPVQPOU[M^bcXOVS[^POZUNU[d

6F6KGK7HF6FEF6<6! HKJ<F6
FF6K<JI<6J6KIJKK1KKJF6

9OVORUijSMTM]YM^PSVQNOYQWRSMUNYOWO[RPUROZSgMNQMSVSPPWVOUM
ScPO\UR~POUM^QXU[MQWRONUNQ[MNSM\SZQPWSM^UPUMVQXQcPUijSMNQMVSWRPURSM
UNYOWO[RPUROZSgMQYM]QgMURQWNONUMUMO\]UXNUNQMQWRPQMS[M^UPROVO^UWRQ[gM
NQZQM[QPMQ[VSXfONUMUMYQXfSPM^PS^S[RUMNQWRPQMU[MU^PQ[QWRUNU[M^QXS[M
OWRQPQ[[UNS[gMQMVSYMQXU[MRPUZUPMNQRQPYOWUNU[MPQXUikQ[MNQMVSWRQbNSM
xyvunqtux{omvuspxrqoqovmmtpunmtyqorqzovmuzuyqzontunqzo
QMWQVQ[[POS[MUSMcSYMV]Y^POYQWRSMNU[MScPO\UikQ[M]QMSPQYM
U[[]YONU[M^QPUWRQMUMNYOWO[RPUijSMabcXOVUd
`Q[[UMYUWQOPUgMUM9OVORUijSMRPUMQYM[Q]McShSMUMONQOUMNQMNO[^]RUM
uwx{uyvuxomtyvmoqzopqtpqvvmtymzopqnoxostx{urxrmormozm{mpuqtxvoxo
^PS^S[RUMYUO[MZUWRUhS[UMUS[MOWRQPQ[[Q[MNUMNYOWO[RPUijSgMZO[UWNSM
UMVQXQcPUijSMNQM]YMVSWRPURSMUNYOWO[RPUROZSgMQWRPQMQXUMQMSM^UPROV]
XUPMZQWVQNSPMNUMVSWVSPPWVOUgM^UPUMUMPQUXOUijSMNQMScPU[gM[QPZOiS[gM
VSWVQ[[kQ[gM^QPYO[[kQ[gMUXOQWUikQ[gMVSY^PU[MS]MXSVUikQ[d
`UOM[]P\QMQWRjSMUMWQVQ[[ONUNQMNQMPQ\]XUYQWRUPMUM^PROVUMXOVORU
R~POUgMURQWNQWNSMUMNO[^S[OijSMVSW[ROR]VOSWUXgMYUO[M^PQVO[UYQWRQMWSM
UPRO\SM67gMOWVO[SMgM]QMU[[OYMNO[^kQ_
..',LL()s(+&L.&L.2(L&L.,L/,2*32(+&L.5(.),K*L)(y&-.(L.
BDABBDDD]BBDD@B@D
BB@DB<DDCCD@D@@B
@]DB@BBBBBDDD
BCD]@DCDBD@DDB@]TAD@DB
/&LJ(-.5&L.J,'%&L.+(.),*-.&.v0().L&%,5J,./,'%*J*'.(L.,x*K452*(L.
+,.v0()*32(y&.J25*2(.,.,2&5%*2(.*5+*L/,5Ls,*L..K('(5J*(.+&.
B@DBCD]E
[[OYgMZO[UWNSMUMPQ\]XUYQWRUijSMNSM^PSVQ[[SMNQMQ[VSXfUMNUM
YQXfSPM^PS^S[RUMXOVORUijSMSOMQNORUNUM9QOM2d16gM]QMRPUMUM
WSPYUROUijSMNUMUROZONUNQd
2 #$
5 qrx{urxrmormo[upuyx|qooqvnxomzmpspxormopqtruvoqo
vqpmrunmtyqo{upuyxyvuqoxoxvyuvormopvuyvuqzovormsturqzomno{muo
LMZUXSPMQ[ROYUNSM^UPUMUMVSWRPURUijSMTMSM^POWVO^UXMURSPMNQMQ[VSXfUM
NUMYSNUXONUNQMUM[QPMUNSRUNUM^QXSMUNYOWO[RPUNSPM^bcXOVSgMQVQRSM
]UWNSM[QMRPURUPMNQM^PQ\jSgM]QMWjSMQ[RMXOYORUNSMUMZUXSPQ[d
XQYMNSMXQOXjSMQMNSMVSWV]P[SgMU[MNQYUO[MYSNUXONUNQ[MNQMXO
VORUijSMUNYORONU[M[jSMQVX][OZUYQWRQ_MSWVSPPWVOUgMSYUNUMNQM
aPQiS[MQMSWZORQd
SWVSPPWVOU_
`QM RSNU[M U[M YSNUXONUNQ[M NQM XOVORUijSM QO[RQWRQ[M WSM
SPNQWUYQWRSMh]PNOVSMcPU[OXQOPSgMQ[RUM[QMPQZQXUMUMYUO[MVSY^XQUgM
QM]YUMNU[MNOQPQWiU[MQWRPQMU[MNQYUO[MYSNUXONUNQ[MTM^S[[]OPMUMU[QM
NUMQDDBDXS\SMU^~[MUMUcQPR]PUMNSM^PSVQNOYQWRSd
6 SNUXONUNQMNUM]UXM^SNQYM^UPROVO^UPM]UO[]QPMOWRQPQ[[UNS[M
]QMWUMU[QMNQMfUcOXORUijSM^PQXOYOWUPMVSY^PSZQYM^S[[]OPMS[M
vmuzuyqzontunqzormox{uspx|qomuwurqzotqomruyx{oxvxo
QQV]ijSMNSMSchQRSMNUMXOVORUijSd
aPQ[RU[QMUMVSWRPURUijSMNQMScPU[gM[QPZOiS[MQMVSY^PU[MNQM
^PSN]RS[gMOWNQ^QWNQWRQMNSMZUXSPMUM[QPMVSWRPURUNSgMUXTYMNO[[SgMTMUM
YSNUXONUNQMQO\ONUM^SPMXQOgMVSYMPQ\PUgM^UPUMUMVSY^PUMNQMOY~ZQO[M
QM^UPUMUMUXOQWUijSMNQMOY~ZQO[M^bcXOVS[gM^UPUMUMVSWVQ[[jSMNQMNOPQORSM


SYUNUMNQMaPQiS_M
6 SNUXONUNQM PQUXOUNUM QWRPQM OWRQPQ[[UNS[M NQZONUYQWRQM
VUNU[RPUNS[MS]M]QMURQWNQPQYMUMRSNU[MU[MVSWNOikQ[MQO\ONU[M^UPUM
VUNU[RPUYQWRSMURTMSMRQPVQOPSMNOUMUWRQPOSPMMNURUMNSMPQVQcOYQWRSMNU[M
vqqzyxzoqlzmvxrxoxotmpmzzvuxox{uspx|q
UMYSNUXONUNQMNQMRSYUNUMNQM^PQiS[gMUMU[QMNUMfUcOXORUijSM
VSPPQ[^SWNQMUSM^P~^POSMVUNU[RPUYQWRSMQO\ONSMQYMXQOgMTM^PTZOUM
UMUcQPR]PUMNSM^PSVQNOYQWRSMXOVORUR~POSgMQMU[[OYgMSchQROZUWNSMNUPM
V]Y^POYQWRSMUSM^POWV^OSMNUMVSY^QROROZONUNQMQWRPQMS[MXOVORUWRQ[gM
S[MOWRQPQ[[UNS[MQYM^UPROVO^UPMNSMVQPRUYQMWjSMVUNU[RPUNS[M
^PQZOUYQWRQgMRQYMUM^S[[OcOXONUNQMNQM[QMOW[VPQZQPQYMURTMSMRQPVQOPSM
NOUMUWRQPOSPMMNURUMNSMPQVQcOYQWRSMNU[M^PS^S[RU[gMNQ[NQM]QM
zxyuzx|xnoxzopqtru|}mzormox{uspx|}mzomuwurxz
7Q[[UXRU[QM]QMUMYSNUXONUNQMNQMRSYUNUMNQM^PQiS[M[QPM
UNSRUNUM^UPUMUMVQXQcPUijSMNQMVSWRPURS[MPQXUROZS[MU[MScPU[gM[QPZOiS[M
QMVSY^PU[MNQM^PSN]RS[MNQMYQWSPMZ]XRSMNSM]QMTMQO\ONSM^UPUM
^UPROVO^UPMNUMYSNUXONUNQMNQMVSWVSPPWVOUd
SWZORQ_M
6 SNUXONUNQMPQUXOUNUMQWRPQMOWRQPQ[[UNS[MNSMPUYSMNQM]QMRPURUM
SMSchQRSMNUMXOVORUijSgMQ[VSXfONS[MQMVSWZONUNS[MQYMWbYQPSMYWOYSM
NQMRP[M^QXUMNYOWO[RPUijSdM
LMVSWZORQMTMUMYSNUXONUNQMNQMXOVORUijSMYUO[M[OY^XQ[gM[QWNSM]QM
UMNYOWO[RPUijSMQ[VSXfQM]QYM]QPMVSWZONUPgMQWRPQMS[M^S[[ZQO[M
OWRQPQ[[UNS[gMVUNU[RPUNS[MS]MWjSdMMNOZ]X\UijSMNQZQM[QPMQORUM
nmruxtymoxsx|qormopuxorqopqtuymomnoxrvqormoxuzqzorqo
~P\jSMS]MQWRONUNQgMXSVUXOUNSMQYMX]\UPMNQMUY^XUMNOZ]X\UijSdM
UMYSNUXONUNQMNQMVSWZORQgMVSYMZO[RU[MUSM^POWV^OSMNUM
VSY^QROROZONUNQgMTM^S[[ZQXMUM^UPROVO^UijSMNQMOWRQPQ[[UNS[M]QMWjSM
RQWfUYM[ONSMSPYUXYQWRQMVSWZONUNS[gMYU[M]QM[QhUYMNSMPUYSM
NSMSchQRSMXOVORUNSgMNQ[NQM]QMVUNU[RPUNS[MWSM~P\jSMS]MQWRONUNQM
XOVORUNSPUdMe[[Q[MOWRQPQ[[UNS[MNQZQYM[SXOVORUPMSMVSWZORQMVSYM
UWRQVQNWVOUMNQMURTMMfSPU[MNUMU^PQ[QWRUijSMNU[M^PS^S[RU[dM
UMYSNUXONUNQMNQMSWZORQgM^UPUM]QMUMVSWRPURUijSM[QhUM
^S[[ZQXgM[jSMWQVQ[[POU[M^QXSMYQWS[MRP[M^PS^S[RU[MZXONU[gMO[RSM
TgM]QMURQWNUYMUMRSNU[MU[MQO\WVOU[MNSMURSMVSWZSVUR~POSdMjSMTM
zspumtymoxoqlymt|qormoyvWzovqqzyxzoovmpuzqoxvxoyxtyqomo
U[MRP[M[QhUYMZXONU[dMU[SMO[[SMWjSMSVSPPUgMUMNYOWO[RPUijSMNQZQM
PQ^QROPMSMVSWZORQMQMVSWZONUPMYUO[M]YMOWRQPQ[[UNSgMWSMYWOYSgM
QW]UWRSMQO[ROPQYMVUNU[RPUNS[MWjSMVSWZONUNS[MWU[MbXROYU[M
XOVORUikQ[gMPQ[[UXZUNU[MU[MfO^~RQ[Q[MNQMXOYORUijSMNQMYQPVUNSMS]M
YUWOQ[RSMNQ[OWRQPQ[[QMNS[MVSWZONUNS[gMVOPV]W[R8WVOU[MQ[RU[M]QM
rmmnozmvozyuspxorxzotqovqpmzzqormo{upuyx|q
SWV]P[S_M
Coxonqrx{urxrmormo{upuyx|qomtyvmoxuzmvoutymvmzzxrqzoxvxo
mzpq{xormoyvxlx{qoyptupqopumtyspqoqoxvyzyupqonmruxtymoxo
OW[ROR]OijSMNQM^PYOS[MS]MPQY]WQPUijSMUS[MZQWVQNSPQ[gMVSWSPYQM
pvuyvuqzopqtzyxtymzorqomruyx{ol{upxrqotxounvmtzxoqspux{opqno
UWRQVQNWVOUMYWOYUMNQMfMNOU[d
`Q[[UMSPYUgMSM]QMNQRQPYOWUMUMWQVQ[[ONUNQMNQMQ[VSXfUMNUM
YSNUXONUNQMNQMXOVORUijSMNQMSWV]P[SgMTMUMWUR]PQUMNSM[Q]MSchQRSgMQM
WjSMSM[Q]MZUXSPMVSWRPURUNSd


9QOXjS_
Coxonqrx{urxrmormo{upuyx|qomtyvmoxuzmvoutymvmzzxrqzo
^UPUMUMZQWNUgMUM]QYMSQPQVQPMSMYUOSMXUWVQgMO\]UXMS]M[]^QPOSPMUSM
ZUXSPMNUMUZUXOUijSMNQMcQW[MY~ZQO[MQMOY~ZQO[d
aPQ\jS_
MYSNUXONUNQMNQWSYOWUNUMaPQ\jSMQ[RMNO[VO^XOWUNUMWUM9QOM
oCoxonqrx{urxrmormo{upuyx|qoxzzm{ormoyu{ux|qo
^SPMRSNS[MS[MQWRQ[MQNQPUNS[gM^UPUMU]O[OijSMNQMcQW[MQM[QPZOiS[M
VSY]W[gM]UX]QPM]QM[QhUMSMZUXSPMQ[ROYUNSMNUMVSWRPURUijSdM
MNO[^]RUMQWRPQMS[MXOVORUWRQ[MVSWVSPPQWRQ[MTMQORUM^SPMYQOSMNQM
^PS^S[RU[MQMXUWVQ[MQYM[QijSM^bcXOVUgM[QWNSM]QMSMNQRQPYOWUWRQM
^UPUMUMQ[VSXfUMNUMYSNUXONUNQMaPQ\jSMTMUMWUR]PQUMNSMSchQRSMNUM
VSWRPURUijSgMS]M[QhUgMUMU]O[OijSMNQMcQW[MQM[QPZOiS[MVSY]W[gMQMWjSM
SMZUXSPMNSMVSWRPURSMUNYOWO[RPUROZSd
zzunoxo[muoormstmopqnqolmtzomozmvu|qzopqntzo
DDIBD@]@@QBD@D@BD
&1~,J*s(%,5J,.+,35*+&L./&'.,+*J()-./&'.%,*&.+,.,L/,2*32(yz,L.
DBD@BE
7Q[[UXRU[QM]QgMNQMUVSPNSMVSYMSM]QMNO[^kQMSM`QVPQRSM
fdfeeefgMWSM8YcORSMNUMNYOWO[RPUijSMabcXOVUMQNQPUXgMTM
ScPO\UR~POUMUM]ROXOUijSMNUMYSNUXONUNQMaPQ\jSgMNQM^PQQPWVOUM
^PQ\jSMQXQRPWOVSgMWU[MXOVORUikQ[M^UPUMUMU]O[OijSMNQMcQW[MQM[QPZOiS[M
VSY]W[d
[MYSNUXONUNQMNQM9OVORUijSMQ[RjSMQXQWVUNU[MWS[MUPRO\S[MMQM
[Q\]OWRQ[MNUM9QOM2d0116gM]QMU[[OYMNO[^kQ_
?BB@D@D@@DB8
..2&52&''452*(.
BD@D@B
BA
BB
B
M0B.&52&''452*(..(.%&+()*+(+,.+,.)*2*J(y&.,5J',.v0(*Lv0,'.
D@BDTDD@QDDBD
2&%/'&s,%./&LL0*'.&L.',v0*L*J&L.%N5*%&L.+,.v0()*32(y&.,x*K*+&L.
B@DDDqB@BIB
MBBD@D@BADB@D@D@@DB
D@B@A@DD@DD@BBD@D
B@DDB@]qC@DDDD@DDBDABB
@DDBR@DD@BB@DBBDBAD@DD
5,2,LL'*(.v0()*32(y&
M6BBAADB@D@D@@DBD@B
@BDBDBBIBD@DD@BBBBQ@B
,.2&5s*+(+&L.,%.5t%,'&.%N5*%&.+,. .!J'4L"./,)(.05*+(+,.
(+%*5*LJ'(J*s(-.(.v0().(3x('-.,%.)&2().(/'&/'*(+&-.2#/*(.+&.
BBABDBB@DB@DD@DD@B
DBB@D@D@DTD
2&%.(5J,2,+452*(.+,.(J.$%.!s*5J,.,.v0(J'&".w&'(L.+(.(/',L,5J(y&.
@DBBD
MBBBADB@D@D@@DBD
*5J,',LL(+&L./('(.,L2&)w(.+,.J'(1()w&.J25*2&-.2*,5JN32&.&0.
('JNLJ*2&-.%,+*(5J,.(.*5LJ*J0*y&.+,./'4%*&L.&0.',%05,'(y&.(&L.
A@BBTBABBD@@DD@B
5(.*%/',5L(.&32*().2&%.(5J,2,+452*(.%N5*%(.+,.%&.!v0(',5J(.,.
Br@D
MfB'BADB@D@D@@DBD
D@BDDDA@D@AAADD
DD@DBB@B@BCDD@@BB
V

QBD@BBDDDDDB@AADBD
()DBTBDBDCDBBDBADB@D
DADDB
MBDQ@B*:B@DCBq@BDDDD
+,. .!J'4L"./&LLNs,*L.*5J,',LL(+&L-.(.2(+(.5&s&.2&5s*J,-.',()*(+&.
/('(.&1~,J&.*+45J*2&.&0.(LL,%,)w(+&-..&1'*K(J#'*&.&.2&5s*J,.(-.5&.
BDD@BDBqD@DD@BB
BA@D@BD<DD]
M7B+D@BBD]@BD@BBDTB
@@BBA@D@BTBBADBB@B
<BB@DqC@BB*:B@DCBD
2*'205LJ,52*(L.+,s,'&.L,'.+,s*+(%,5J,.~0LJ*32(+(L.5&./'&2,LL&-.
BD@B@BBA
M2B-A@D@DDDB@BDB@D@D@@DBB
DBDB@DT@DDCB
M1BDQ@BDCDTBB@DCBDD@DB
BB@qC@BDBD@DD@BB@BB
ABBD;D:(BBAQDDBBDA
BBBIB@DDBBB@B@D
?:?B@D@D@@DBDTB
BD@BDCBDBB@D@DTB@B
C@BADBADBD@B@DBDDB8
DDBDAB@CQDD8
(".2&5s*J,..(J../.0&1111-11.!2,5J&.,.2*5v0,5J(.%*).',(*L".
1".J&%(+(.+,./',y&L..(J../.0&11111-11.!0%.%*)w&.,.
QBDr
2".2&52&''452*(2.(2*%(.+,../.0&11111-11.!0%.%*)w&.,.
QBDr
DDBDABBT@BBBDB8
(".2&5s*J,..(J../.31111-11.!&*J,5J(.%*).',(*L".
1".J&%(+(.+,./',y&L..(J../.4&1111-11.!L,*L2,5J&L.,.
DDr
2".2&52&''452*(..(2*%(.+,../.4&1111-11.!L,*L2,5J&L.,.
DDr
M 0B ? BD AB BD TD@D D
?@DBB@A@@DDDDDDD
BBADADBBDAAB@@B
RDBBADDBQBDBADB@BB
@BABD@BRDDB@DBA@D@
@D@DBBD@DD
MBDqB@BDABDBD@
DD@DBB@BDCDTBDBDD@DDDB
BIB@DD@DBDABBBDQ@BB@
DB@DAD@DDB@D@D@DDD
qB@BBIBDB
M6B.5.2&52&''452*(..(.%&+()*+(+,.+,.)*2*J(y&.2(1Ns,)-.
DIDBADB@BIBDBDBDB
DDB@ADAD@BB@BBBD()
BBDB]@@BD@BDD]
DBDD@@B<BDBBAD@BB
@DCBDBD@D@BD@BBCBB
@D@@@D@DBDBD@TB@BBB
BAD@BBQBATB@B@BBABBD
MBBDBBBAD?@DBB@
0J*)*('.(.J&%(+(.+,./',y&L.,-.,%.v0()v0,'.2(L&-.(.2&52&''452*(
MfB-A@D@DDSDB@DB@D@D@DBAEB
DBD@D@BEBTBBDBDDDD@D
DBDBABBD@DDDBDAB@DD
DSDBBBDBDDSD@DBID


BBDBBDB@ADB
2('(2J,'*('.&.2(L&.+,.J&%(+(.+,./',y&L.&0.2&52&''452*(-.
ADBB@DCBqBDDDDD
+,.5(J0',(.,L/,2N32(.v0,./&LL(%.L,'.,x,20J(+(L./&'./,LL&(L.&0.
D@D@D@@AD@DD@BqB@DBD
BABo
MB?BCDSD]@D@D?@DB?@D
@DTD@DD@D@B@BDB
D@BBB@DCBDADDDBD
ABCD@@DDDDB@DD
DD@BqADDDBDBBTDDB
@BBDBDABR=B
M7BDBD@@DSD@AA@@B
QDIDISBDDBBIBBBqBA@DDBDB
@D@D@TBR@D@D@DDDBBADD
(%/)*(y&.+(.2&%/,J*J*s*+(+,-./&+,5+&.&.,+*J().3x('.v0(5J*J(J*s&.
BDDADDBBD@DD
M2BBDB@BB<BDDB@BB@B
ADBBD@BBD@DCBD@BTBD@BB
(J. .!J'4L".,5J,L.+(.6,+,'(y&-.,.&.J'*/)&-.v0(5+&.u&'%(+&./&'.
DB<B
1#$
qrmnqzoxsvnxormonxtmuvxowmtvupxomoxoruzmtzxormo
XOVORUijSMQW\XScUMfO^~RQ[Q[M]QgMY]ORSMQYcSPUMQO[RUM^S[[OcOXONUNQM
h]PNOVUMNQMVSY^QROijSgMUMXQOMU]RSPOUMUMVQXQcPUijSMNOPQRUMNSM
VSWRPURSMS]MYQ[YSMNQRQPYOWUMUMWjSMPQUXOUijSMNSM^PSVQNOYQWRSM
XOVORUR~POSd
S[MVU[S[MQYM]QMUMXQOMU]RSPOUMUMVSWRPURUijSM[QYMUMPQUXOUijSM
NQMXOVORUijSgMNOM]QMQXUMTM9;4=;8e[VXUPQVQM]QMWQ[[U[M
fO^~RQ[Q[gMUMVSY^QROijSMTMZOZQXMQM^S[[ZQXgMQWRPQRUWRSMUMXQOMU]RSPOUM
UMUNYOWO[RPUijSM^bcXOVUMNQVONOPM[ScPQMUM[]UMSVSPPWVOUMS]MWjSgMNQM
UVSPNSMVSYMVPORTPOS[MNQMS^SPR]WONUNQMQMVSWZQWOWVOUgMNO[^QW[UPMUM
[]UMPQUXOUijSd
eWRPQRUWRSgMQYMS]RPU[M[OR]UikQ[gMfUM^P~^POUMXQOgMNOPQRUYQWRQM
NO[^QW[UMVSY^]X[SPOUYQWRQMUMPQUXOUijSMNUMXOVORUijSdMQ[[U[M
fO^~RQ[Q[MRQYS[M]QMUMXQOMNQWSYOWS]MXOVORUijSM9;4>>F6Q[RQM
VU[SMWjSMVUcQMUMNYOWO[RPUijSMabcXOVUMNQVONOPM[ScPQMUMPQUXOUijSM
S]MWjSMNUMXOVORUijSdMjSMSVSPPQPMUMXOVORUijSM^SP]QMUM^P~^POUMXQOM
\UPUWRO]M]QgMYQ[YSM[QWNSMh]PONOVUYQWRQM^S[[ZQXMUMPQUXOUijSMNUM
{upuyx|qospxoruzmtzxrx
M9QOM2d16MRPUMSMPSXMRUUROZSMNU[M[OR]UikQ[MQYM]QMUM
XOVORUijSMTMgMYUO[M^PQVO[UYQWRQMWS[MRQPYS[MNSMUPRO\SM
MNUMPQQPONUMXQOgM]QMU[[OYMNO[^kQ_
5'J.$%.7.+*L/,5Ls,).(.)*2*J(y&2.
../('(.&1'(L.,.L,'s*y&L.+,.,5K,5w('*(.+,.s()&'.(J.018 .
o@SBBr@BABDDDDDE@BB@B
('J*K&.(5J,'*&'-.+,L+,.v0,.5&.L,.',3'(%.(./('2,)(L.+,.0%(.
DBDBABBD@DDDBDAB@DD
DSDBBBDBDDSD@DBID
BBD
../('(.&0J'&L.L,'s*y&L.,.2&%/'(L.+,.s()&'.(J.018 .!+,.
BBr@BABDDDDDE@BB@BDCB
DBDDDD]BDBABD'@@
v0,.5&.L,.',3'(%.(./('2,)(L.+,.0%.%,L%&.L,'s*y&-.2&%/'(.&0.
DDB@DBABBDDSD@D@DAS
BDB@CDBCDADB@DB@
`

9..5&L.2(L&L.+,.,%,'K452*(.&0.+,.2()(%*+(+,./t1)*2(-.
v0(5+&.2('(2J,'*(+(.0'K452*(.+,.(J,5+*%,5J&.+,.L*J0(y&.
BDBDBDISBBBBDCDD@
BDBDABDBBB<BB
DDBDDBBDBD@B
@DDBCDBDDBDDDDDD@BD
,.L,'s*y&L.v0,./&LL(%.L,'.2&52)0N+(L.5&./'(&.%x*%&.+,.031.
oBBDr@DBABBBD@B@D
&2&''452*(.+(.,%,'K452*(.&0.2()(%*+(+,-.s,+(+(.(./'&''&K(y&.
@BABBDB
D@BBD@D@BRDBDB
,.,LJ(-.~0LJ*32(+(%,5J,-.5&./0+,'.L,'.',/,J*+(.L,%./',~0N&.
DDD?@DBD@DDBB@DDB@]
D@D
9..v0(5+&.(.:5*&.J*s,'.v0,.*5J,'s*'.5&.+&%N5*&.,2&5%*2&.
DDCDBBBDSDBDDB
D@BDBBDDD@DBCDB
DTDBDBDD@BBD@BDBD
&0.u&',%.*52&%/(JNs,*L.2&%.&L.3x(+&L./,)&L.#'K&L.&32*(*L.
BDBBAD@BBDCDTB<B@BD
%3.+,LJ(.;,*.,-./,'L*LJ*5+&.(.L*J0(y&-.L,'.(+%*J*+(.(.(+~0+*2(y&.
@D@BBABBADBBBDBBD
@BCB@BB@BAB
DDDDBBBDI@D@@B<B
B@B@S@BBABD@BBCBB
@D@CD?@DB<DQD@B
2'*(+&./('(.,LL,.3%.,L/,2N32&.,%.+(J(.(5J,'*&'..s*K452*(.+,LJ(.
'@@BBBDD@BIDBDABBDD@B
BD@B
<D@BQBAB@D@@BBB
@DCDDDBDBDBD@B@B@B
@@D<DBA@BBBQB@TDDBD
<DDDBDBBDB@A@D@BDB
(J,5+*%,5J&.+(L.35()*+(+,L./',2N/0(L.+(.(+%*5*LJ'(y&-.20~(L.
@D@@DDBBDSDBB@BDD
BQD@@BBIDBDABBADB@
D@BC@BDADDBAAD
<DBDDB@D@BDABB
u&'5,2*%,5J&-.,%.2&5L,v0452*(.+,.',L2*L&.2&5J'(J0()-.+,L+,.v0,.
(J,5+*+(.(.&'+,%.+,.2)(LL*32(y&.+(.)*2*J(y&.(5J,'*&'.,.(2,*J(L.
DDB@]BT@DBDA@BA
DBDBB@A@DBC@B
..5(L.2&%/'(L.+,.w&'J*u'0J*K'(5~,*'&L-./&.,.&0J'&L.K45,'&L.
ABBBDDDDSDB@BBB
DBBB@DSD@D@DBDB
B@B@D
<DBDDB@BDD@D
CDBDDD@DD@BBB@B
@ABABBDB@B@@D@DR
DBBD@BB@@DBDD@D@QD
*5v0,LJ*&5s,).',/0J(y&.J*2&/'&3LL*&5().,.5&.J,5w(.35L.
DAB
<DDDDB@BABBB@
(2&'+&. *5J,'5(2*&5(). ,L/,2N32&. (/'&s(+&. /,)&. &5K',LL&.
DBDD@BDB@]BTD@DTBDTD
ADDIBDDDBB@<B
<DDDDBBDDB@BD@DBIB
w*LJ#'*2&L-.+,.(0J,5J*2*+(+,.2,'J*32(+(-.+,L+,.v0,.2&%/(JNs,*L.&0.
*5,',5J,L.L.35()*+(+,L.+&.#'K&.&0.,5J*+(+,.


9../('(.(.*%/',LL&.+&L.+*'*&L.&32*(*L-.+,.u&'%0)'*&L.
D@BSD@B@B@DD@DB@@]AD
&32*(*L-.1,%.2&%&./('(./',LJ(y&.+,.L,'s*y&L.+,.*5u&'%J*2(.(.
BDI@D@@B<BBBCBB@D@
v0,.*5J,K',%.(.5+%*5*LJ'(y&.=t1)*2(-.2'*(+&L./('(.,LL,.3%.
,L/,2N32&.
<DDDDB@BBBD@
BCDBDBDCDBRDB@
DB@DBB@B@CDDDADIBDB
TB@BBCD@DBD@BDB@B@
,x2)0L*s*+(+,.u&'.*5+*L/,5Ls,)./('(.(.s*K452*(.+(.K('(5J*(.
<DBDBBDD]@ABDDB
DDB@DABDD]@D@DADBBD
B@@BDBD@BD@DAD@
D@DBBBDBBBBBD@D@@T
@D@BBAB@BADBBDBDB@
D@DBD@BDqC@D@@BDSBCD@
BBDBD@D@BBB@DBD]
@@ADBBq@DDBABDDDDDE
@BB@BD:@D'
<<DDDBD@DD@BD?BD
?D@DBqB@ DD@BBDD@DAB
D@BQBA@D@@DDD@BSDB@D
DD@DBBBCB@BBDADDAB
@DD@BB@DB@B
<<DBDDB@DBDB@BD@B@
+,32*452*(.uNL*2(-.L,%.35L.)02'(J*s&L.,.+,.2&%/'&s(+(.*+&5,*+(+,-.
BCBB@D@@D?@DB<DDDD
DB@ABBTBB@B@BD@@
BBBDD@BIDBDABBDD@BBD@B
<<DDDDB@B@D@B
,x2)0L*s(%,5J,../,Lv0*L(.2*,5JN32(.,.J,25&)#K*2(.2&%.',20'L&L.
B@@BDDD?BBBBD
]@TBBDD@D@DBDD
,LL,.3%.,L/,2N32&.
<<DBDDB@TBBBB@
CDADCDDBBBBBB
&0.(0J&'*(+&-.L,K05+&.(L.5&'%(L.+(.),K*L)(y&.,L/,2N32(.
<<DBDDBDSD@DBD<DB
B@D@@BBDDBD@DBBD@D
DDDDBBDDB@DBBBB
@AB@@BBBDD@BIDBDABB
DD@BBD@B
<<DDDDB@BDB@DB@
L,'s*y&L.2&%.(L.&'K(5*(yz,L.L&2*(*L-.v0()*32(+(L.5&.,%1*J&.+(L.
ADTD@CBABDDDA@D@BD@DB
BDB@CB6
9..5(.2&5J'(J(y&.',()*(+(./&'.5LJ*J0*y&.*,5JN32(.,.
>,25&)#K*2(..>.&0./&'.(K452*(.+,.u&%,5J&./('(.(.J'(5Lu,'452*(.
@BBCDDDBDB@@B@BB@
qBDB@DBBC@D
<<pDDB@BDB@BCDDB@D
?@DBBB@D@@DD@DB@DDD
DDB@AB<B@TBDDBD@DBB
+&.(0J&'*(+&.,%.2&5J'(J&.+,.2&5L#'2*&./t1)*2&.&0.,%.2&5s45*&.
@BBDB
<< D BDDB @D BD BDB
BDSDB @ @B @B DB A
BSADBD@BDAD@
i

qB TD@B B DBD] B BBDAD TBD@D

qADBBDTD@DqD@DBQ@D
BB@<BBBDD@B@DDAB
BB@DBBDABDBDAD
DD@D<@<D
<<pDDBTBB@ABB@S@B
BD@BBDABADDADDD
Bq@D@BCD@TDDBD@DD
@BBD@CD@DDDB@D@qD@B
CB
<<<pDDB@BDDB@AB
DDD@DBBCD@D?BDCD
DDCD@DBD]@DSBqB
5,2,LL('*(%,5J,.~0LJ*32(+(L.v0(5J&.(&./',y&.,.MQ[VSXfUMNSM
qvtmpmrqvoqommpyxtymomovxyuspxrxzom{qoqnxtrxtymorxo4qv|xo
<<<DBDDB@BBBCDSDB<D
&0./'*s(+(-.2&%.&0.L,%.35L.)02'(J*s&L-./('(.(./',LJ(y&.+,.
L,'s*y&L.+,.(LL*LJ452*(.J25*2(.,.,xJ,5L&.'0'().5&.,%1*J&.+&.
='&K'(%(.(2*&5().+,.5LL*LJ452*(.>25*2(.,.MxJ,5L&..0'().5(.
?CD?DDDTBD?CD@BB
T@D
DCDTB<B?DT@BBB
+&.2(/0J.+,LJ,.('J*K&.L,'&.$18 .!s*5J,./&'.2,5J&"./('(.2&%/'(L-.
BDABBDD@BBBB<BB@D@
@BBDDD<DBDDDBT@DB
v0()*32(+(L-.5(.u&'%(.+(.),*-.2&%&.5K452*(L.Mx,20J*s(LM
3#$
GMOWQO\OcOXONUNQM]UWNSMUMXOVORUijSMTM 
dUMOY^S[[OcOXONUNQMh]PNOVUMNQMPQUXOUijSMNQMXOVORUijSM
NQVSPPQMNUMOWZOUcOXOUijSMNQMVSY^QROijSgM^QXSMYSROZSMNQMWjSM
QO[ROPMUM^X]PUXONUNQMNQM^SRQWVOUO[M^PS^SWQWRQ[gMQMU[[OYMOWZOZQXMUM
NO[^]RUMQWRPQMXOVORUWRQ[d
MXQOM2d16MNO[^kQM[ScPQMSMPSXMRUUROZSMNU[M[OR]UikQ[MQYM]QM
TMh]PONOVUYQWRQMOY^S[[ZQXMUMPQUXOUijSMNUMXOVORUijSgMVSW[ROR]OWNSM
QWRjSMUMOWQO\OcOXONUNQMNUMXOVORUijSgMNQZONUYQWRQMQXQWVUNSMWSM
UPRO\SMfMNUMPQQPONUMXQOgMV]hSMRQRSMXQ\UXM[Q\]QMUM[Q\]OP_
5'J.$&.7.*5,x*KNs,).(.)*2*J(y&.v0(5+&.w&0s,'.*5s*(1*)*+(+,.
@BBD8
../('(.(v0*L*y&.+,.%(J,'*(*L-.,v0*/(%,5J&L-.&0.K45,'&L.v0,.
BDTB@BBB@BDBD
2&%,'2*().,x2)0L*s&-.s,+(+(.(./',u,'452*(.+,.%('2(-.+,s,5+&.
DBBADB@qA@D@TDDDAA@DD@B
TB@BBCB@CB@BBAB@BBD
DSDDDDBBDBDBBABB@DB
?@DBBBT@DBDBDBD@DD@D@
AD
DDDBDDB@ABABD@B
5&.('J.0 .+,LJ(.;,*-.+,.5(J0',(.L*5K0)('-.2&%./'&3LL*&5(*L.&0.
D@BDDSDBA@D@DDqC@D@
DDAB@@D@@ACDB
../('(.2&5J'(J(y&.+,./'&3LL*&5().+,.v0()v0,'.L,J&'.
DB@DBDDAA@BqAB@@
BDCD@BDDDSD@DBDBB<D
M0B.&5L*+,'(L,.+,.5&J#'*(.,L/,2*()*(y&.&./'&3LL*&5().&0.
DIBBBBDB@DD@D@@B
+,.+,L,%/,5w&.(5J,'*&'-.,LJ0+&L-.,x/,'*452*(L-./01)*2(yz,L-.
BCDSDBDDQDBADB@BB


BDBD@BBDDA@D@DT
BDDQBAD@ABDD@D@BR
DDTDB@BBIB@BBDB
MBDQ@DCBD@BDB
@ @D BBAD@B TDDB B@
B@DDB@DBDD@BR?DS@D<DBTB@B
BBD@B@ABBDC<BBA
ISB@BDD]CDDA

F6JH6JJ7@IKGH6JK6I6EFg6
J6EA6JGJ7H6I6Fggg6J6
A6JGJ7H6I6gF^g6J6EggF6
34 UB1C1DE
1U
W[ROR]OgMWSM8YcORSMNUM5WOjSgMe[RUNS[gM`O[RPORSMQNQPUXMQM6 ]
WOV^OS[gMWS[MRQPYS[MNSMUPRdM67gMOWVO[SMgMNUMSW[ROR]OijSMQNQ
PUXgMYSNUXONUNQMNQMXOVORUijSMNQWSYOWUNUM^PQ\jSgM^UPUMU]O[OijSMNQM
cQW[MQM[QPZOiS[MVSY]W[gMQMNMS]RPU[M^PSZONWVOU[d

753146107 30MUiSM[UcQPM]QMSMSW
\PQ[[SMUVOSWUXMNQVPQRUMQMQ]M[UWVOSWSMUM[Q\]OWRQM9QO_
PRdM0MaUPUMU]O[OijSMNQMcQW[MQM[QPZOiS[MVSY]W[gM^SNQPM[QPM
UNSRUNUMUMXOVORUijSMWUMYSNUXONUNQMNQM^PQ\jSgM]QM[QPMPQ\ONUM^SPM
Q[RUM9QOd
aUP\PUSMbWOVSdMSW[ONQPUY[QMcQW[MQM[QPZOiS[MVSY]W[gM^UPUM
qzostzomommuyqzormzymoxvyuwqoxm{mzopqzoxrv}mzormormzmnmtqo
mox{urxrmoqzzxnozmvoqlmyuxnmtymormsturqzom{qomruyx{oqvo
nmuqormomzmpuspx|}mzozxuzotqonmvpxrq
PRdMMce`L
M0MaSNQPM[QPMPQUXOUNSMSM^PQ\jSM^SPMYQOSMNUM]ROXOUijSM
NQMPQV]P[S[MNQMRQVWSXS\OUMNUMOWSPYUijSgMWS[MRQPYS[MNQM
vmw{xnmtyx|qomzmpspx
MMQPMUV]XRUNSgMWS[MRQPYS[MNQMPQ\]XUYQWRS[M^P~^POS[MNUM
5WOjSgMe[RUNS[gM`O[RPORSMQNQPUXMQM6 ]WOV^OS[gMUM^UPROVO^UijSMNQM
cSX[U[MNQMYQPVUNSPOU[MWSMU^SOSMRTVWOVSMQMS^QPUVOSWUXMUS[M~P\jS[M
QMQWRONUNQ[M^PSYSRSPQ[MNUMYSNUXONUNQMNQM^PQ\jSgM]ROXOUWNS[QMNQM
PQV]P[S[MNQMRQVWSXS\OUMNUMOWSPYUijSd
M6M[McSX[U[MUM]QM[QMPQQPQYMSMMSMNQZQPjSMQ[RUPM
qvwxtuxrxzozqloxoqvnxormozqpumrxrmzopuuzozmnostzo{pvxyuqzo
QMVSYMUM^UPROVO^UijSM^X]PUXMNQMVSPPQRSPU[M]QMS^QPQYM[O[RQYU[M
m{myv3tupqzotuspxrqzormovmw}mz
PRdM6MMU[QM^PQ^UPUR~POUMNSM^PQ\jSMSc[QPZUPMSM[Q\]OWRQ_
oFoxoxyqvurxrmopqnmymtymozyuspxvoxotmpmzzurxrmormopqt
yvxyx|qomormstuvoqoqlmyqorqopmvyxnmoxzomuwWtpuxzormoxlu{uyx
ijSgMS[MVPORTPOS[MNQMUVQORUijSMNU[M^PS^S[RU[gMU[M[UWikQ[M^SPMOWUNOY
{mnmtyqomoxzop{z{xzorqopqtyvxyqoutp{zumopqnosx|qorqzo
^PUS[M^UPUMSPWQVOYQWRS
oFoxormstu|qorqoqlmyqormmvozmvovmpuzxozspumtymomop{xvxo
mrxrxzomzmpuspx|}mzomoqvompmzzuxzouvvm{mxtymzoqormztm
VQ[[POU[gMXOYORQYMUMVSY^QROijS
oForqzoxyqzorqovqpmrunmtyqopqtzyxvqoxozyuspxyuxorxzo
rmstu|}mzovmmvurxzotqoutpuzqoormzymoxvyuwqomoqzoutruzmtzmuzo
QXQYQWRS[MRTVWOVS[M[ScPQMS[M]UO[MQ[ROZQPQYMU^SOUNS[gMcQYMVSYSM
SMSPiUYQWRSgMQXUcSPUNSM^QXSM~P\jSMS]MQWRONUNQM^PSYSRSPUMNUMXOVO
RUijSgMNS[McQW[MS]M[QPZOiS[MUM[QPQYMXOVORUNS[MQ
n

cMMUMU]RSPONUNQMVSY^QRQWRQMNQ[O\WUPgMNQWRPQMS[M[QPZONSPQ[M
NSM~P\jSMS]MQWRONUNQM^PSYSRSPUMNUMXOVORUijSgMSM^PQ\SQOPSMQMPQ[^QV
ROZUMQ]O^QMNQMU^SOSgMV]hUMURPOc]OijSMOWVX]OgMNQWRPQMS]RPU[gMSMPQVQcO
YQWRSMNU[M^PS^S[RU[MQMXUWVQ[gMUMUWXO[QMNQM[]UMUVQORUcOXONUNQMQM[]UM
p{xzzuspx|qolmnopqnqoxoxlu{uyx|qomoxoxrrupx|qorqoqlmyqorqo
VQPRUYQMUSMXOVORUWRQMZQWVQNSPd
M0MMQ]O^QMNQMU^SOSMNQZQPM[QPMOWRQ\PUNUMQYM[]UMYUOSPOUM^SPM
[QPZONSPQ[MSV]^UWRQ[MNQMVUP\SMQQROZSMS]MQY^PQ\SMNUMUNYOWO[RPUijSgM
^PQQPQWVOUXYQWRQM^QPRQWVQWRQ[MUSM]UNPSM^QPYUWQWRQMNSM~P\jSMS]M
QWRONUNQM^PSYSRSPUMNSMQZQWRSd
MMSM8YcORSMNSM6 OWO[RTPOSMNUM`QQ[UgMU[M]WikQ[MNQM^PQ\SQOPSM
QMNQMYQYcPSMNUMQ]O^QMNQMU^SOSM^SNQPjSM[QPMNQ[QY^QWfUNU[M^SPM
YOXORUPQ[
PRdMMMU[QMQRQPWUMNSM^PQ\jSM[QPMOWOVOUNUMVSYMUMVSWZSVU
ijSMNS[MOWRQPQ[[UNS[MQMSc[QPZUPMU[M[Q\]OWRQ[MPQ\PU[_
MMUMVSWZSVUijSMNS[MOWRQPQ[[UNS[M[QPMQQR]UNUM^SPMYQOSMNQM
l{upx|qormoxuzqomnoruvuqoqspux{orqovmzmpyuqomtymomrmvxrqo
S]gMWjSMQO[ROWNSgMQYMhSPWUXMNQMVOPV]XUijSMXSVUXgMQMUV]XRUROZUYQW
RQgM^SPMYQOS[MQXQRPWOVS[MQMVSWSPYQMSMZ]XRSMNUMXOVORUijSgMQYMhSPWUXM
NQM\PUWNQMVOPV]XUijSgMWS[MRQPYS[MNSMPQ\]XUYQWRSMNQM]QMRPURUMSM
UPRdM
oForqoxuzqopqtzyxvqoxormstu|qorqoqlmyqorxo{upuyx|qoxo
OWNOVUijSMNSMXSVUXgMNOU[MQMfSPPOS[MQYM]QM^SNQPM[QPMXONUMS]MScRONUM
UMWRQ\PUMNSMQNORUX
oForqomruyx{opqtzyxvqoyqrqzoqzom{mnmtyqzormsturqzotxoqvnxo
NSMOWVO[SMMNSMUPRdM6gMU[MWSPYU[M]QMNO[VO^XOWUPQYMSM^PSVQNOYQWRSM
QMUMYOW]RUMNSMVSWRPURSgM]UWNSMSPMSMVU[S
cMMV~^OU[MNSMQNORUXMQMNSMPQ[^QVROZSMUZO[SM[QPjSMVSXSVUNU[MM
NO[^S[OijSMNQM]UX]QPM^Q[[SUM^UPUMVSW[]XRUMQMNOZ]X\UNU[MWUMSPYUM
NUM9QOMWSM1d7ffgMNQM0MNQMNQQYcPSMNQM0112
oFoqovxqosxrqoxvxoxoxvmzmtyx|qorxzovqqzyxzopqtyxrqo
UM^UPROPMNUM^]cXOVUijSMNSMUZO[SgMWjSM[QPMOWQPOSPMUM2MSORSMNOU[M
bRQO[
cMMWSMNOUgMfSPUMQMXSVUXMNQ[O\WUNS[gM[QPMPQUXOUNUM[Q[[jSM
^bcXOVUM^UPUMPQVQcOYQWRSMNU[M^PS^S[RU[gMNQZQWNSMSMOWRQPQ[[UNSgM
qozmovmvmzmtyxtymourmtyuspxvFzmomozmoqvoqopxzqopqnvqxvoxo
QO[RWVOUMNS[MWQVQ[[POS[M^SNQPQ[M^UPUMSPY]XUijSMNQM^PS^S[RU[MQM
^UPUMUM^PROVUMNQMRSNS[MS[MNQYUO[MURS[MOWQPQWRQ[MUSMVQPRUYQ
cMMUcQPRUMUM[Q[[jSgMS[MOWRQPQ[[UNS[MS]M[Q][MPQ^PQ[QWRUWRQ[gM
U^PQ[QWRUPjSMNQVXUPUijSMNUWNSMVOWVOUMNQM]QMV]Y^PQYM^XQWUYQW
RQMS[MPQ]O[ORS[MNQMfUcOXORUijSMQMQWRPQ\UPjSMS[MQWZQXS^Q[MVSWRQWNSM
UMOWNOVUijSMNSMSchQRSMQMNSM^PQiSMSQPQVONS[gM^PSVQNQWNS[QMM[]UM
unmruxyxoxlmvyvxomoZomvuspx|qorxopqtqvnurxrmorxzovqqzyxzo
VSYMS[MPQ]O[ORS[MQ[RUcQXQVONS[MWSMOW[RP]YQWRSMVSWZSVUR~POS
cMMWSMV]P[SMNUM[Q[[jSgMSMU]RSPMNUMSQPRUMNQMZUXSPMYUO[McUOSM
QMS[MNU[MSQPRU[MVSYM^PQiS[MURTM0e MNQM^SPMVQWRSM[]^QPOSPQ[M
]QXUM^SNQPjSMUQPMWSZS[MXUWVQ[MZQPcUO[MQM[]VQ[[OZS[gMURTMUM^PS
VXUYUijSMNSMZQWVQNSP
MMWjSMfUZQWNSM^QXSMYQWS[M6MRP[MSQPRU[MWU[MVSWNOikQ[M
rmsturxzotqoutpuzqoxtymvuqvoqrmvqoqzoxyqvmzorxzonm{qvmzovq
^S[RU[gMURTMSMYOYSMNQM6MRP[gMSQPQVQPMWSZS[MXUWVQ[MZQPcUO[MQM
[]VQ[[OZS[gM]UO[]QPM]QM[QhUYMS[M^PQiS[MSQPQVONS[
oFoxvxo{wxnmtyqomop{xzzuspx|qorxzovqqzyxzozmvoxrqyx
NSMSMVPORTPOSMNQMYQWSPM^PQiSgMSc[QPZUNS[MS[M^PUS[MYOYS[M^UPUM
qvtmpunmtyqoxzomzmpuspx|}mzoyptupxzomoxvXnmyvqzontunqzormo
rmzmnmtqomox{urxrmormsturqzotqomruyx{
oFomxnutxrxoxovqqzyxop{xzzuspxrxomnovunmuvqo{wxvo
]UWRSMUSMSchQRSMQMZUXSPgMVUcQPMUSM^PQ\SQOPSMNQVONOPMYSROZUNU
YQWRQMUMPQ[^QORSMNUM[]UMUVQORUcOXONUNQ


MMQWVQPPUNUMUMQRU^UMVSY^QROROZUMQMSPNQWUNU[MU[MSQPRU[gM
SM^PQ\SQOPSM^PSVQNQPMMUcQPR]PUMNSMOWZ~X]VPSMVSWRQWNSMS[MNSV]
YQWRS[MNQMfUcOXORUijSMNSMXOVORUWRQM]QMU^PQ[QWRS]MUMYQXfSPM^PS
qzyxoxvxomvuspx|qorqoxymtrunmtyqorxzopqtru|}mzosxrxzotqo
QNORUX
oFoxoxlu{uyx|qoxvFzmFopqnoxomvuspx|qormomoqo{upuyxt
RQMQ[RMQYM[OR]UijSMPQ\]XUPM^QPUWRQMUMUQWNUMUVOSWUXgMUMQ\]PO
NUNQMSVOUXMQMSM]WNSMNQMUPUWROUMNSMQY^SMNQMQPZOiSMMgM
QMU[MUQWNU[Me[RUN]UO[MQM6 ]WOVO^UO[gM]UWNSMSPMSMVU[SgMVSYMUM
VSY^PSZUijSMNQM]QMURQWNQM[MQO\WVOU[MNSMQNORUXM]UWRSMMfU
lu{uyx|qovrupxomox{uspx|}mzoyptupxomompqt3nupqFstxtpmuvx
cMMS[MXOVORUWRQ[M^SNQPjSMNQOUPMNQMU^PQ[QWRUPMS[MNSV]YQW
RS[MNQMfUcOXORUijSM]QMhMVSW[RQYMNSMO[RQYUMNQMUNU[RPUYQWRSM
tuspxrqormo4qvtmpmrqvmzoYoupxomozuzymnxzozmnm{xtymzonxt
RONS[M^SPMe[RUNS[gM`O[RPORSMQNQPUXMS]M6 ]WOV^OS[gMU[[Q\]PUNSMUS[M
NQYUO[MXOVORUWRQ[MSMNOPQORSMNQMUVQ[[SMUS[MNUNS[MWQXQMVSW[RUWRQ[
oFomvuspxrqoqoxymtrunmtyqorxzomuwWtpuxzosxrxzotqomru
RUXgMSMXOVORUWRQM[QPMNQVXUPUNSMZQWVQNSP
cMM[QMUMSQPRUMWjSMSPMUVQORZQXMS]M[QMSMXOVORUWRQMNQ[URQWNQPM
[MQO\WVOU[MfUcOXORUR~POU[gMSM^PQ\SQOPSMQUYOWUPMU[MSQPRU[M[]c
zmFmtymzomoxox{uspx|qorqzo{upuyxtymzotxoqvrmnormop{xzzuspx|qo
QMU[[OYM[]VQ[[OZUYQWRQgMURTMUMU^]PUijSMNQM]YUM]QMURQWNUMUSMQNO
RUXgM[QWNSMSMPQ[^QVROZSMXOVORUWRQMNQVXUPUNSMZQWVQNSP
cMMWU[M[OR]UikQ[M^PQZO[RU[MWS[MOWVO[S[MMQMcgMSM^PQ
\SQOPSM^SNQPMWQ\SVOUPMNOPQRUYQWRQMVSYMSM^PS^SWQWRQM^UPUM]QM
[QhUMScRONSM^PQiSMYQXfSP
cMMNQVXUPUNSMSMZQWVQNSPgM]UX]QPMXOVORUWRQM^SNQPMYU
WOQ[RUPMOYQNOURUMQMYSROZUNUYQWRQMUMOWRQWijSMNQMPQVSPPQPgM]UWNSM
XfQM[QPMVSWVQNONSMSM^PUSMNQM6MRP[MNOU[M^UPUMU^PQ[QWRUijSMNU[M
vx}mzorqovmpvzqospxtrqoqzormnxuzo{upuyxtymzormzrmo{qwqoutyunx
NS[M^UPUMU^PQ[QWRUPMVSWRPUPUkQ[MQYMO\]UXMWbYQPSMNQMNOU[gM]QM
VSYQiUPjSMUMVSPPQPMNSMRTPYOWSMNSM^PUSMNSMPQVSPPQWRQgM[QWNSXfQ[M
U[[Q\]PUNUMZO[RUMOYQNOURUMNS[MU]RS[
MMSMUVSXfOYQWRSMNQMPQV]P[SMOY^SPRUPMUMOWZUXONUijSMU^Q
WU[MNS[MURS[MOW[][VQRZQO[MNQMU^PSZQORUYQWRS
MMUMUXRUMNQMYUWOQ[RUijSMOYQNOURUMQMYSROZUNUMNSMXOVORUWRQM
OY^SPRUPMUMNQVUNWVOUMNSMNOPQORSMNQMPQV]P[SMQMUMUNh]NOVUijSMNSM
SchQRSMNUMXOVORUijSM^QXSM^PQ\SQOPSMUSMZQWVQNSP
MMNQVONONS[MS[MPQV]P[S[gMUMU]RSPONUNQMVSY^QRQWRQMUPMUM
UNh]NOVUijSMNSMSchQRSMNUMXOVORUijSMUSMXOVORUWRQMZQWVQNSP
MMfSYSXS\UNUMUMXOVORUijSM^QXUMU]RSPONUNQMVSY^QRQWRQgM
SMUNh]NOVURPOSM[QPMVSWZSVUNSM^UPUMU[[OWUPMSMVSWRPURSMWSM^PUSM
rmsturqomnomruyx{om
MM[QMSMXOVORUWRQMZQWVQNSPgMVSWZSVUNSMNQWRPSMNSM^PUSMNQM
ZUXONUNQMNUM[]UM^PS^S[RUgMWjSMVQXQcPUPMSMVSWRPURSgMU^XOVUP[QMSM
NO[^S[RSMWSMOWVO[SMcd
vyooComrxrxoxomuwWtpuxorma
MM\UPUWROUMNQM^PS^S[RU
MMU]O[OijSMNSMQNORUXM^QXS[MXOVORUWRQ[gMVSYSMVSWNOijSM^UPUM
^UPROVO^UijSMWSMVQPRUYQMQ
MM^U\UYQWRSMNQMRUU[MQMQYSX]YQWRS[gM[UXZSMS[MPQQPQWRQ[M
UMSPWQVOYQWRSMNSMQNORUXgM]QMWjSM[QPjSM[]^QPOSPQ[MUSMV][RSMNQM[]UM
vmvqr|qowvspxomoxqzopzyqzormoyu{ux|qormovmpvzqzormoymptq
XS\OUMNUMOWSPYUijSgM]UWNSMSPMSMVU[Sd
PRdMMLM^PUSMNQMZUXONUNQMNU[M^PS^S[RU[M[QPMNQMeM[Q[[QWRUM
ruxzozmoqyvqotqomzyumvosxrqotqomruyx{


PRdM7M]QYgMVSWZSVUNSMNQWRPSMNSM^PUSMNQMZUXONUNQMNUM[]UM
^PS^S[RUgMWjSMVQXQcPUPMSMVSWRPURSgMNQOUPMNQMQWRPQ\UPMS]MU^PQ[QWRUPM
NSV]YQWRUijSMUX[UMQO\ONUM^UPUMSMVQPRUYQgMQW[QhUPMSMPQRUPNUYQW
RSMNUMQQV]ijSMNQM[Q]MSchQRSgMWjSMYUWROZQPMUM^PS^S[RUgMUXfUPMS]M
PU]NUPMWUMQQV]ijSMNSMVSWRPURSgMVSY^SPRUP[QMNQMYSNSMOWONWQSM
qopqnmymvovxrmoszpx{ospxvounmrurqormo{upuyxvomopqtyvxyxvopqno
UM5WOjSgMe[RUNS[gM`O[RPORSMQNQPUXMS]M6 ]WOV^OS[MQgM[QPMNQ[VPQ
NQWVOUNSMWSMOVUgMS]MWS[M[O[RQYU[MNQMVUNU[RPUYQWRSMNQMSPWQVQ
NSPQ[MUM]QM[QMPQQPQMSMOWVO[SMcMNSMUPRdMSMNQ[RUM9QOgM^QXSM^PUSM
NQMURTMfMVOWVSMUWS[gM[QYM^PQh]SMNU[MY]XRU[M^PQZO[RU[MQYMQNORUXM
QMWSMVSWRPURSMQMNU[MNQYUO[MVSYOWUikQ[MXQ\UO[d
PRdM2ML[MURS[MQ[[QWVOUO[MNSM^PQ\jSgMOWVX][OZQMS[MNQVSPPQWRQ[M
NQMYQOS[MQXQRPWOVS[gM[QPjSMNSV]YQWRUNS[MWSM^PSVQ[[SMPQ[^QVROZSgM
VSYMZO[RU[MMUQPOijSMNQM[]UMPQ\]XUPONUNQM^QXS[MU\QWRQ[MNQMVSWRPS
XQgMWS[MRQPYS[MNSMPQ\]XUYQWRSM^PQZO[RSMWSMUPRdMd
PRdM1M^XOVUY[QM[]c[ONOUPOUYQWRQgM^UPUMUMYSNUXONUNQMNQM
^PQ\jSgMU[MWSPYU[MNUM9QOMWM2dgMNQM0MNQMh]WfSMNQM0116d
PRdM0edMOVUYMVSWZUXONUNS[MS[MURS[M^PUROVUNS[MVSYMcU[QMWUM
6 QNONUMaPSZO[~POUMWMd0202gMNQM6MNQMU\S[RSMNQMee0d
PRdM00dM[MVSY^PU[MQMVSWRPURUikQ[MNQMcQW[MQM[QPZOiS[MVSY]W[gM
WSM8YcORSMNUM5WOjSgMNS[Me[RUNS[gMNSM`O[RPORSMQNQPUXMQMNS[M6 ]
WOV^OS[gM]UWNSMQQR]UNU[M^QXSM[O[RQYUMNQMPQ\O[RPSMNQM^PQiS[M^PQ
ZO[RSMWSMUPRdM0fMNUM9QOMWM2dgMNQM0MNQMh]WfSMNQM0116gM^SNQPjSM
xrqyxvoxonqrx{urxrmormovmwqopqtqvnmovmw{xnmtyqomzmpspq
PRdM0dMM9QOMWM0ed010gMNQM0MNQMQZQPQOPSMNQMee0gM^U[[UMUM
ZO\SPUPMUVPQ[VONUMNSM[Q\]OWRQMUPRO\S_
9PRdMdMM5WOjSgMS[Me[RUNS[gMSM`O[RPORSMQNQPUXMQMS[M6 ]
WOV^OS[M^SNQPjSMUNSRUPgMWU[MXOVORUikQ[MNQMPQ\O[RPSMNQM^PQiS[MNQ[
ROWUNU[MMU]O[OijSMNQMcQW[MQM[QPZOiS[MVSY]W[MNUMPQUMNUM[UbNQgMUM
YSNUXONUNQMNSM^PQ\jSgMOWVX][OZQM^SPMYQOSMQXQRPWOVSgMSc[QPZUWNS
[QMSM[Q\]OWRQ_
MM[jSMVSW[ONQPUNS[McQW[MQM[QPZOiS[MVSY]W[MNUMPQUMNUM[UbNQgM
U]QXQ[MWQVQ[[POS[MUSMURQWNOYQWRSMNS[M~P\jS[M]QMOWRQ\PUYMSMO[
RQYUMGWOVSMNQMUbNQgMV]hS[M^UNPkQ[MNQMNQ[QY^QWfSMQM]UXONUNQM
qzzxnozmvoqlmyuxnmtymormsturqzotqomruyx{oqvonmuqormomzmpu
spx|}mzozxuzorqonmvpxrq
MM]UWNSMSM]UWRORUROZSMRSRUXMQ[ROYUNSM^UPUMUMVSWRPURUijSMS]M
SPWQVOYQWRSMWjSM^]NQPM[QPMURQWNONSM^QXSMXOVORUWRQMZQWVQNSPgMUN
YOROP[QMUMVSWZSVUijSMNQMRUWRS[MXOVORUWRQ[M]UWRS[MSPQYMWQVQ[
[POS[M^UPUMSMUROW\OYQWRSMNUMRSRUXONUNQMNSM]UWRORUROZSgMPQ[^QORUNUM
xoqvrmnormop{xzzuspx|qormzrmomoqzovmmvurqzo{upuyxtymzoxpmuymno
^PUROVUPMSMYQ[YSM^PQiSMNUM^PS^S[RUMZQWVQNSPUd
MMWUMOY^S[[OcOXONUNQMNSMURQWNOYQWRSMUSMNO[^S[RSMWSMOW
VO[SMgMQVQ^VOSWUXYQWRQgM^SNQPjSM[QPMPQ\O[RPUNS[MS]RPS[M^PQiS[M
NOQPQWRQ[MNUM^PS^S[RUMZQWVQNSPUgMNQ[NQM]QM[QMRPURQMNQMSchQRS[M
rmox{urxrmoqormzmnmtqozmvuqvormurxnmtymozyuspxrxomo
VSY^PSZUNUMUMZUWRU\QYgMQM]QMU[MSQPRU[M[QhUYMQYMZUXSPMOWQPOSPM
USMXOYORQMYOYSMUNYORONSdB
PRdM06dMe[RUM9QOMQWRPUMQYMZO\SPMWUMNURUMNQM[]UM^]cXOVUijSd
PU[XOUgM07MNQMh]XfSMNQMeeM020MNUMWNQ^QWNWVOUMQM00M
NUM7Q^bcXOVUd
e7`LMGe75eM7`LL
@B@ DD
HQHBD
e[RQMRQRSMWjSM[]c[ROR]OMSM^]cXOVUNSMWSM`L5MNQM02d7deeMQM
vmyuspxrqomnojk


SWSPYQMQO\ONSM^QXSMeNORUXMNQMcQPR]PUMNSMSWV]P[SMabcXOVSgM
[Q\]QMUMWRQ\PUMNSMRQRSMXQ\UXMPQQPQWRQMUSM`QVPQRSMWM6dfffee_
176
4IUBBB110J
56
1U
^PSZUMSM7Q\]XUYQWRSM^UPUMUMYSNUXONUNQMNQMXOVORUijSM
NQWSYOWUNUM^PQ\jSgM^UPUMU]O[OijSMNQMcQW[MQM[QPZOiS[MVSY]W[d

753146107 30MWSM][SMNU[MURPOc]OikQ[M
]QMXfQMVSWQPQMSMUPRdM2gMOWVO[S[McMQMcgMNUMSW[ROR]OijSMQMRQWNSM
QYMZO[RUMSMNO[^S[RSMWUM6 QNONUMaPSZO[~POUMWMde6gMNQM2MNQM
h]XfSMNQMeeeg
1760
PRdM0MOVUMU^PSZUNSgMWUMSPYUMNS[M WQS[MMQMMUMQ[RQM`QVPQRSgM
SM7Q\]XUYQWRSM^UPUMUMYSNUXONUNQMNQMXOVORUijSMNQWSYOWUNUM^PQ\jSgM
^UPUMUMU]O[OijSMNQMcQW[MQM[QPZOiS[MVSY]W[gMWSM8YcORSMNUM5WOjSd
aUP\PUSMbWOVSdM]cSPNOWUY[QMUSMPQ\OYQMNQ[RQM`QVPQRSgM
UXTYMNS[M~P\jS[MNUMNYOWO[RPUijSMQNQPUXMNOPQRUgMS[M]WNS[M
Q[^QVOUO[gMU[MU]RUP]OU[gMU[M]WNUikQ[gMU[MQY^PQ[U[M^bcXOVU[gMU[M
[SVOQNUNQ[MNQMQVSWSYOUMYO[RUMQMU[MNQYUO[MQWRONUNQ[MVSWRPSXUNU[M
NOPQRUMS]MOWNOPQRUYQWRQM^QXUM5WOjSd
PRdMMSY^QRQMUSM6 OWO[RTPOSMNSMaXUWQhUYQWRSgMLPiUYQWRSMQM
Q[RjSMQ[RUcQXQVQPMWSPYU[MQMSPOQWRUikQ[MVSY^XQYQWRUPQ[M[ScPQMUM
YURTPOUMPQ\]XUNUM^SPMQ[RQM`QVPQRSd
PRdM6Me[RQM`QVPQRSMQWRPUMQYMZO\SPMWUMNURUMNQM[]UM^]cXOVUijSd
PU[XOUgM2MNQMU\S[RSMNQMeeeM071MNUMWNQ^QWNWVOUMQM00M
NUM7Q^bcXOVUd
e7`LMGe75eM7`LL
@ DDAD
IJH6K
J! JI7H66KGK7H6I6! HKJ6J6
JH
PRdM0Me[RQM7Q\]XUYQWRSMQ[RUcQXQVQMWSPYU[MQM^PSVQNOYQWRS[M
PQXUROZS[MMXOVORUijSMWUMYSNUXONUNQMNQM^PQ\jSgMNQ[ROWUNUMMU]O[OijSM
NQMcQW[MQM[QPZOiS[MVSY]W[gMWSM8YcORSMNUM5WOjSgM]UX]QPM]QM[QhUM
SMZUXSPMQ[ROYUNSd
aUP\PUSMbWOVSdM]cSPNOWUY[QMUSMPQ\OYQMNQ[RQM7Q\]XUYQWRSgM
UXTYMNS[M~P\jS[MNUMUNYOWO[RPUijSMNOPQRUgMS[M]WNS[MQ[^QVOUO[gMU[M
U]RUP]OU[gMU[M]WNUikQ[gMU[MQY^PQ[U[M^bcXOVU[gMU[M[SVOQNUNQ[MNQM
QVSWSYOUMYO[RUMQMU[MQWRONUNQ[MVSWRPSXUNU[MNOPQRUMQMOWNOPQRUYQWRQM
^QXUM5WOjSd
PRdMMaPQ\jSMTMUMYSNUXONUNQMNQMXOVORUijSMQYM]QMUMNO[^]RUM
^QXSMSPWQVOYQWRSMNQMcQW[MS]M[QPZOiS[MVSY]W[MTMQORUMQYM[Q[[jSM
^bcXOVUgM^SPMYQOSMNQM^PS^S[RU[MNQM^PQiS[MQ[VPORU[MQMXUWVQ[MZQPcUO[d
PRdM6ML[MVSWRPURS[MVQXQcPUNS[M^QXUM5WOjSgM^UPUMUMU]O[OijSM
NQMcQW[MQM[QPZOiS[MVSY]W[gM[QPjSM^PQVQNONS[gM^POSPORUPOUYQWRQgM
NQMXOVORUijSM^bcXOVUMWUMYSNUXONUNQMNQM^PQ\jSgM]QM[QMNQ[ROWUMUM
\UPUWROPgM^SPMYQOSMNQMNO[^]RUMh][RUMQWRPQMS[MOWRQPQ[[UNS[gMUMVSY^PUM
nxuzompqt3nupxozmwvxomomspumtym
M0oOmmtrmvormovmw{xnmtyx|qomzmpspxoxoyu{ux|qo
NQMPQV]P[S[MQXQRPWOVS[MS]MNQMRQVWSXS\OUMNUMOWSPYUijSM^UPUMUM
PQUXOUijSMNQMXOVORUijSMWUMYSNUXONUNQMNQM^PQ\jSd
MSMSW[ONQPUY[QMcQW[MQM[QPZOiS[MVSY]W[MU]QXQ[MV]hS[M
^UNPkQ[MNQMNQ[QY^QWfSMQM]UXONUNQM^S[[UYM[QPMSchQROZUYQWRQM
rmsturqzotqomruyx{oqvonmuqormomzmpuspx|}mzozxuzovxyupxrxzo
WSMYQPVUNSdM


M6SML[McQW[MQM[QPZOiS[MNQMOWSPYROVUMQMU]RSYUijSMUN]OPONS[M
WQ[RUMYSNUXONUNQMNQZQPjSMSc[QPZUPMSMNO[^S[RSMWSMUPRdM6MNUM9QOMWM
ormojormoqylvqormoomoxovmw{xnmtyx|qomzmpspxo
MSMaUPUMQQORSMNQMVSY^PSZUijSMNSMPQ]O[ORSMPQQPONSMWSM
^UP\PUSMUWRQPOSPgMSM^PSN]RSMNQZQPMQ[RUPMfUcOXORUNSMUM][]P]OPMNSM
OWVQWROZSMNQMO[QWijSMNSMY^S[RSM[ScPQMaPSN]RS[MWN][RPOUXOUNS[M
MagMNQM]QMRPURUMSMUPRdMSMNUM9QOMWSM2d2gMNQM0110gMWS[MRQPYS[M
NUMPQ\]XUYQWRUijSMQ[RUcQXQVONUM^QXSM6 OWO[RTPOSMNUMOWVOUMQM
QVWSXS\OUdM
MfSMXRQPWUROZUYQWRQMUSMNO[^S[RSMWSMMSgMSM6 OWO[RTPOSMNUM
OWVOUMQMQVWSXS\OUM^SNQPMPQVSWfQVQPgMYQNOUWRQMPQ]QPOYQWRSM
NSMUcPOVUWRQgMUMVSWSPYONUNQMNSM^PSN]RSMVSYMSMPQ]O[ORSMPQQPONSM
WSMM6SdBM
PRdMMMXOVORUijSMWUMYSNUXONUNQMNQM^PQ\jSMTMh]PONOVUYQWRQM
VSWNOVOSWUNUM US[M ^POWV^OS[M c[OVS[M NUM XQ\UXONUNQgM NUM
OY^Q[[SUXONUNQgMNUMYSPUXONUNQgMNUMO\]UXNUNQgMNUM^]cXOVONUNQgM
NUM^PScONUNQMUNYOWO[RPUROZUgMNUMZOWV]XUijSMUSMOW[RP]YQWRSM
VSWZSVUR~POSgM NSM h]X\UYQWRSM SchQROZSgM cQYM U[[OYM US[M
vutpuqzopqvvm{xyqzorxopm{mvurxrmostx{urxrmovxqxlu{urxrmo
^PS^SPVOSWUXONUNQgMVSY^QROROZONUNQgMh][RSM^PQiSgM[QXQROZONUNQMQM
VSY^UPUijSMSchQROZUMNU[M^PS^S[RU[d
aUP\PUSMbWOVSdM[MWSPYU[MNO[VO^XOWUNSPU[MNUMXOVORUijSM
[QPjSM[QY^PQMOWRQP^PQRUNU[MQYMUZSPMNUMUY^XOUijSMNUMNO[^]RUM
QWRPQMS[MOWRQPQ[[UNS[gMNQ[NQM]QMWjSMVSY^PSYQRUYMSMOWRQPQ[[QMNUM
rnutuzyvx|qoxostx{urxrmomoxozmwvxt|xorxopqtyvxyx|q
PRdMfMMXOVORUijSMWUMYSNUXONUNQMNQM^PQ\jSMWjSM[QMU^XOVUM
[MVSWRPURUikQ[MNQMScPU[MQM[QPZOiS[MNQMQW\QWfUPOUgMcQYMVSYSM[M
XSVUikQ[MOYScOXOPOU[MQMUXOQWUikQ[MQYM\QPUXgM]QM[QPjSMPQ\ONU[M^QXUM
XQ\O[XUijSM\QPUXMNUMNYOWO[RPUijSd
PRdMMSNS[M]UWRS[M^UPROVO^QYMNQMXOVORUijSMWUMYSNUXONUNQM
rmovmwqoyWnoruvmuyqol{upqozlmyuqoZosm{oqlzmvXtpuxorqo
^PSVQNOYQWRSMQ[RUcQXQVONSMWQ[RQM7Q\]XUYQWRSgM^SNQWNSM]UX]QPM
OWRQPQ[[UNSMUVSY^UWfUPMSM[Q]MNQ[QWZSXZOYQWRSgMNQ[NQM]QMWjSM
utymvsvxormonqrqoxomvyvlxvoqounmruvoxovmx{ux|qorqzoyvxlx{qz
PRdM7MMU]RSPONUNQMVSY^QRQWRQgMNQ[O\WUNUMNQMUVSPNSMVSYM
U[MURPOc]OikQ[M^PQZO[RU[MWSMPQ\OYQWRSMS]MQ[RUR]RSMNSM~P\jSMS]MNUM
QWRONUNQgMVUcQ_
MMNQRQPYOWUPMUMUcQPR]PUMNQMXOVORUijS
MMNQ[O\WUPMSM^PQ\SQOPSMQMS[MVSY^SWQWRQ[MNUMQ]O^QMNQMU^SOS
MMNQVONOPMS[MPQV]P[S[MVSWRPUMURS[MNSM^PQ\SQOPSMQ
cMMfSYSXS\UPMSMPQ[]XRUNSMNUMXOVORUijSMQM^PSYSZQPMUM
VQXQcPUijSMNSMVSWRPURSd
aUP\PUSMbWOVSdMSYQWRQM^SNQPMUR]UPMVSYSM^PQ\SQOPSMSM
zmvurqvomoymtxovmx{uxrqopxxpuyx|qomzmpspxoxvxommvpmvo
UMURPOc]OijSdM
PRdM2MMU[QM^PQ^UPUR~POUMNSM^PQ\jSMSc[QPZUPMU[M[Q\]OWRQ[M
PQ\PU[_
oFoxormstu|qorqoqlmyqormmvozmvovmpuzxozspumtymomo
p{xvxomrxrxzomzmpuspx|}mzomoqvompmzzuxzouvvm{mxtymzoqo
NQ[WQVQ[[POU[gMXOYORQYMS]MP][RPQYMUMVSY^QROijSMS]MUMPQUXOUijSM
rqoqvtmpunmtyqormmtrqomzyxvovmlmyurxotqoymvnqormovmmvWtpux
MMSMRQPYSMNQMPQQPWVOUMTMSMNSV]YQWRSM]QMNQZQPMVSWRQPM
QXQYQWRS[MVU^UQ[MNQM^PS^OVOUPMUMUZUXOUijSMNSMV][RSM^QXUM
NYOWO[RPUijSgMNOUWRQMNQMSPiUYQWRSMNQRUXfUNSgMVSW[ONQPUWNSMS[M
vm|qzovxyupxrqzotqonmvpxrqoxormstu|qorqzonyqrqzoxomzyvxywuxo
NQM[]^POYQWRSMQMSM^PUSMNQMQQV]ijSMNSMVSWRPURS
MMUMU]RSPONUNQMVSY^QRQWRQMS]gM^SPMNQXQ\UijSMNQMVSY^QRWVOUgM
SMSPNQWUNSPMNQMNQ[^Q[UMS]gMUOWNUgMSMU\QWRQMQWVUPPQ\UNSMNUMVSY^PUM
WSM8YcORSMNUMNYOWO[RPUijSgMNQZQP_


xormstuvoqoqlmyqorqopmvyxnmomoqozmox{qvomzyunxrqomno
^XUWOXfU[gMNQMSPYUMVXUPUgMVSWVO[UMQMSchQROZUgMNQMUVSPNSMVSYMRQPYSM
NQMPQQPWVOUMQXUcSPUNSM^QXSMPQ]O[ORUWRQgMQYMVSWh]WRSMVSYMUMPQUM
rmopqnvxzoqlmrmpurxzoxzomzmpuspx|}mzovxyupxrxzotqonmvpxrq
lozyuspxvoxotmpmzzurxrmorxoxuzu|q
VMQ[RUcQXQVQPMS[MVPORTPOS[MNQMUVQORUijSMNU[M^PS^S[RU[gMU[M
QO\WVOU[MNQMfUcOXORUijSgMU[M[UWikQ[MUNYOWO[RPUROZU[MU^XOVZQO[M
^SPMOWUNOY^XQYQWRSMQMU[MVX][]XU[MNSMVSWRPURSgMOWVX][OZQMVSYM
sx|qorqzovxqzomorxzormnxuzopqtru|}mzomzzmtpuxuzoxvxoqo
SPWQVOYQWRSMQ
NMNQ[O\WUPgMNQWRPQMS[M[QPZONSPQ[MNSM~P\jSMS]MNUMQWRONUNQM^PS
YSRSPUMNUMXOVORUijSgMSM^PQ\SQOPSMPQ[^SW[ZQXM^QXS[MRPUcUXfS[MNSM
^PQ\jSMQMUM[]UMQ]O^QMNQMU^SOS
cMMVSW[RUPjSMNS[MU]RS[MUMYSROZUijSMNQMVUNUM]YMNS[MURS[M
mzmpuspxrqzotqoutpuzqoxtymvuqvomoqzoutruzmtzmuzom{mnmtyqzoyp
WOVS[M[ScPQMS[M]UO[MQ[ROZQPQYMU^SOUNS[gMcQYMVSYSMSMSPiUYQWRSM
mzyunxyuqomoqopvqtqwvxnxozupqFstxtpmuvqormormzmnlq{zqozmoqvo
SMVU[SgMQXUcSPUNS[M^QXUMNYOWO[RPUijSMQ
cMM^UPUMh]X\UYQWRSgM[QPMUNSRUNSMSMVPORTPOSMNQMYQWSPM^PQiSgM
qlzmvxrqzoqzovxqzonunqzoxvxoqvtmpunmtyqoxzomzmpuspx
ikQ[MRTVWOVU[MQMS[M^UP8YQRPS[MYWOYS[MNQMNQ[QY^QWfSMQMNQM]UXO
rxrmomoxzormnxuzopqtru|}mzormsturxzotqomruyx{
PRdM1M[MURPOc]OikQ[MNSM^PQ\SQOPSMOWVX]QY_
MMSMVPQNQWVOUYQWRSMNS[MOWRQPQ[[UNS[
MMSMPQVQcOYQWRSMNS[MQWZQXS^Q[MNU[M^PS^S[RU[MNQM^PQiS[MQMNUM
NSV]YQWRUijSMNQMfUcOXORUijSM
MMUMUcQPR]PUMNS[MQWZQXS^Q[MNU[M^PS^S[RU[MNQM^PQiS[gMSM[Q]M
mxnmomoxop{xzzuspx|qorqzovqqtmtymz
cMMUMVSWN]ijSMNS[M^PSVQNOYQWRS[MPQXUROZS[MUS[MXUWVQ[MQMM
Q[VSXfUMNUM^PS^S[RUMS]MNSMXUWVQMNQMYQWSPM^PQiS
cMMUMUNh]NOVUijSMNUM^PS^S[RUMNQMYQWSPM^PQiSM
cMMUMQXUcSPUijSMNQMURUM
cMMUMVSWN]ijSMNS[MRPUcUXfS[MNUMQ]O^QMNQMU^SOSM
cMMSMPQVQcOYQWRSgMSMQUYQMQMUMNQVO[jSM[ScPQMPQV]P[S[MQ
MMSMQWVUYOWfUYQWRSMNSM^PSVQ[[SMNQZONUYQWRQMOW[RP]NSgM
U^~[MUMUNh]NOVUijSgMMU]RSPONUNQM[]^QPOSPgMZO[UWNSMUMfSYSXS\UijSM
QMUMVSWRPURUijSdM
PRdM0edMMQ]O^QMNQMU^SOSMNQZQPM[QPMOWRQ\PUNUMQYM[]UMYUOS
POUM^SPM[QPZONSPQ[MSV]^UWRQ[MNQMVUP\SMQQROZSMS]MQY^PQ\SMNUMN
YOWO[RPUijSgM^PQQPQWVOUXYQWRQM^QPRQWVQWRQ[MUSM]UNPSM^QPYUWQW
RQMNSM~P\jSMS]MNUMQWRONUNQM^PSYSRSPUMNSM^PQ\jSgM^UPUM^PQ[RUPMUM
WQVQ[[POUMU[[O[RWVOUMUSM^PQ\SQOPSd
aUP\PUSMbWOVSdMSM8YcORSMNSM6 OWO[RTPOSMNUM`QQ[UgMU[M]W
ikQ[MNQM^PQ\SQOPSMQMNQMYQYcPSMNUMQ]O^QMNQMU^SOSM^SNQPjSM[QPM
NQ[QY^QWfUNU[M^SPMYOXORUPQ[d
PRdM00dMMU[QMQRQPWUMNSM^PQ\jSM[QPMOWOVOUNUMVSYMUMVSWZSVU
ijSMNS[MOWRQPQ[[UNS[MQMSc[QPZUPMU[M[Q\]OWRQ[MPQ\PU[_
MMUMVSWZSVUijSMNS[MOWRQPQ[[UNS[M[QPMQQR]UNUM^SPMYQOSMNQM
^]cXOVUijSMNQMUZO[SMQYM]WijSMNS[M[Q\]OWRQ[MXOYORQ[_
UM^UPUMcQW[MQM[QPZOiS[MNQMZUXSPQ[MQ[ROYUNS[MQYMURTM7M
0edeeegeeMVQWRSMQM[Q[[QWRUMYOXMPQUO[_
oOuvuqobspux{orxotuqom
dMYQOSMQXQRPWOVSgMWUMWRQPWQR
cM^UPUMcQW[MQM[QPZOiS[MNQMZUXSPQ[MQ[ROYUNS[MUVOYUMNQM7M
0edeeegeeMVQWRSMQM[Q[[QWRUMYOXMPQUO[MURTM7MfedeeegeeM[QO[
VQWRS[MQMVOW]QWRUMYOXMPQUO[_M
oOuvuqobspux{orxotuq
dMYQOSMQXQRPWOVSgMWUMWRQPWQRMQ
6dMhSPWUXMNQM\PUWNQMVOPV]XUijSMXSVUX
V

VM^UPUMcQW[MQM[QPZOiS[MNQMZUXSPQ[MQ[ROYUNS[M[]^QPOSPQ[MUM7M
fedeeegeeM[QO[VQWRS[MQMVOW]QWRUMYOXMPQUO[_M
oOuvuqobspux{orxotuq
dMYQOSMQXQRPWOVSgMWUMWRQPWQRMQ
6dMhSPWUXMNQM\PUWNQMVOPV]XUijSMPQ\OSWUXMS]MWUVOSWUX
NMQYM[QMRPURUWNSMNQM~P\jSMS]MQWRONUNQMOWRQ\PUWRQMNSMO[RQYUM
NQMQPZOiS[MQPUO[MMgMUMWRQ\PUMNSMQNORUXMNQZQPMQ[RUPMNO[^SW
ZQXMQYMYQOSMQXQRPWOVSgMWUMWRQPWQRgMWSM[ORQMKKKdVSY^PU[WQRd\SZd
cPgMOWNQ^QWNQWRQYQWRQMNSMZUXSPMQ[ROYUNSM
oForqomruyx{omorqoxuzqopqtzyxvqormstu|qovmpuzxozspumtymo
QMVXUPUMNSMSchQRSgMcQYMVSYSMUMOWNOVUijSMNS[MXSVUO[gMNOU[MQMfSPPOS[M
QYM]QM^SNQPM[QPMXONUMS]MScRONUMUMWRQ\PUMNSMQNORUXgMQMSMXSVUXMSWNQM
[QPMPQUXOUNUMUM[Q[[jSM^bcXOVUMNSM^PQ\jS
oFoqomruyx{osxvovxqotqoutmvuqvoxoquyqoruxzoymuzopqtyx
NS[MNUM^]cXOVUijSMNSMUZO[SgM^UPUMS[MOWRQPQ[[UNS[M^PQ^UPUPQYM[]U[M
^PS^S[RU[
cMMWSMNOUgMfSPUMQMXSVUXMNQ[O\WUNS[MWSMQNORUXgM[QPMPQUXOUNUM
[Q[[jSM^bcXOVUM^UPUMPQVQcOYQWRSMNU[M^PS^S[RU[MQMNUMNSV]YQWRUijSM
NQMfUcOXORUijSgMNQZQWNSMSMOWRQPQ[[UNSMS]M[Q]MPQ^PQ[QWRUWRQMXQ\UXM
^PSVQNQPMUSMPQ[^QVROZSMVPQNQWVOUYQWRSgMVSY^PSZUWNSgM[QMSPMSM
VU[SgM^S[[]OPMS[MWQVQ[[POS[M^SNQPQ[M^UPUMSPY]XUijSMNQM^PS^S[RU[M
QM^UPUMUM^PROVUMNQMRSNS[MS[MNQYUO[MURS[MOWQPQWRQ[MUSMVQPRUYQ
cMMUcQPRUMUM[Q[[jSgMS[MOWRQPQ[[UNS[MS]M[Q][MPQ^PQ[QWRUWRQ[MXQ
\UO[MQWRPQ\UPjSMUSM^PQ\SQOPSgMQYMQWZQXS^Q[M[Q^UPUNS[gMUM^PS^S[RUM
NQM^PQiS[MQMUMNSV]YQWRUijSMNQMfUcOXORUijS
cMMSM^PQ\SQOPSM^PSVQNQPMMUcQPR]PUMNS[MQWZQXS^Q[MVSWRQWNSM
xzovqqzyxzormovm|qzomop{xzzuspxvoqoxyqvorxovqqzyxormonm
WSPM^PQiSMQMU]QXQ[M]QMRQWfUYMU^PQ[QWRUNSM^PS^S[RU[MQYMZUXSPQ[M
[]VQ[[OZS[MQM[]^QPOSPQ[MQYMURTMNQM^SPMVQWRSgMPQXUROZUYQWRQMMNQM
YQWSPM^PQiS
oFoxtrqotqoqvmnomvuspxrxzotqontunqoyvWzovqqzyxzo
mzpvuyxzormovm|qzotxzopqtru|}mzormsturxzotqoutpuzqoxtymvuqvoqovm
wqmuvqop{xzzuspxvoxzonm{qvmzovqqzyxzozlzmmtymzoxyoqon
OYSMNQMRP[gM^UPUM]QM[Q][MU]RSPQ[M^UPROVO^QYMNS[MXUWVQ[MZQPcUO[gM
]UO[]QPM]QM[QhUYMS[M^PQiS[MSQPQVONS[MWU[M^PS^S[RU[MQ[VPORU[
cMMQYM[Q\]ONUgM[QPMNUNSMOWVOSMMQRU^UMNQMU^PQ[QWRUijSMNQM
XUWVQ[MZQPcUO[M^QXS[M^PS^SWQWRQ[gM]QMNQZQPjSM[QPMSPY]XUNS[MNQM
SPYUM[]VQ[[OZUgMQYMZUXSPQ[MNO[ROWRS[MQMNQVPQ[VQWRQ[
MMSM^PQ\SQOPSMVSWZONUPMOWNOZON]UXYQWRQMS[MXOVORUWRQ[MVXU[
zuspxrqzormoqvnxozmmtpux{oxoxvmzmtyxvo{xtpmzomvlxuzoxoxvyuvo
rqoxyqvorxovqqzyxop{xzzuspxrxormonxuqvovm|qomoqzormnxuzomno
SPNQYMNQVPQ[VQWRQMNQMZUXSP
MMUMNQ[O[RWVOUMQYMU^PQ[QWRUPMXUWVQMZQPcUXgM]UWNSMVSWZS
VUNSM^QXSM^PQ\SQOPSgMOY^XOVUPMUMQVX][jSMNSMXOVORUWRQMNUMQRU^UMNQM
XUWVQ[MZQPcUO[MQMWUMYUW]RQWijSMNSMbXROYSM^PQiSMU^PQ[QWRUNSM^QXSM
XOVORUWRQgM^UPUMQQORSMNQMSPNQWUijSMNU[M^PS^S[RU[M
oFopxzqotqozmovmx{umno{xtpmzomvlxuzozmvomvuspxrxoxo
VSWSPYONUNQMQWRPQMUM^PS^S[RUMQ[VPORUMNQMYQWSPM^PQiSMQMSMZUXSPM
Q[ROYUNSM^UPUMUMVSWRPURUijS
MMNQVXUPUNUMQWVQPPUNUMUMQRU^UMVSY^QROROZUMQMSPNQWUNU[M
U[M^PS^S[RU[gMSM^PQ\SQOPSMQUYOWUPMUMUVQORUcOXONUNQMNUM^POYQOPUM
p{xzzuspxrxoxtyqoxqoqlmyqomox{qvormpurutrqonqyuxrxnmtymo
UMPQ[^QORS
MM[QWNSMUVQORZQXMUM^PS^S[RUMNQMYQWSPM^PQiSM[QPMUcQPRSM
SMQWZQXS^QMVSWRQWNSMUMNSV]YQWRUijSMNQMfUcOXORUijSMNSMXOVORUWRQM
moxoyumvoqvn{xrqoxvxopqtsvnx|qorxzozxzopqtru|}mzox
lu{uyxyvuxzopqnolxzmotqouzymnxormoxrxzyvxnmtyqotuspxrqormo
SPWQVQNSPQ[MMgMS]MWS[MNUNS[MVUNU[RPUO[MNUMNYOWO[RPUijSgM
U[[Q\]PUNSMUSMhMVUNU[RPUNSMSMNOPQORSMNQMU^PQ[QWRUPMUMNSV]YQWRU
ijSMUR]UXOUNUMQMPQ\]XUPOUNUMWUM^P~^POUM[Q[[jS


cMFopqtzyxyxrqoqoxymtrunmtyqorxzomuwWtpuxzosxrxzotqo
QNORUXgMSMXOVORUWRQM[QPMNQVXUPUNSMZQWVQNSPgM[QWNSXfQMUNh]NOVUNSM
SMSchQRSMNSMVQPRUYQ
cMM[QMUMSQPRUMWjSMSPMUVQORZQXMS]M[QMSMXOVORUWRQMNQ[URQWNQPM
[MQO\WVOU[MfUcOXORUR~POU[gMSM^PQ\SQOPSMQUYOWUPMUMSQPRUM[]c[Q
mtymomvuspxtrqoxozxoxpmuyxlu{urxrmomovqpmrmtrqoZoxlu{uyx|qo
rqovqqtmtymotxoqvrmnormop{xzzuspx|qomoxzzunozpmzzuxnmtymo
URTMUMU^]PUijSMNQM]YUM^PS^S[RUM]QMURQWNUMUSMQNORUXgM[QWNSMSMPQ[
^QVROZSMXOVORUWRQMNQVXUPUNSMZQWVQNSPMQMUMQXQMUNh]NOVUNSMSMSchQRSM
NSMVQPRUYQ
cMMWU[M[OR]UikQ[M^PQZO[RU[MWS[MOWVO[S[MgMMQMcgMSM^PQ
\SQOPSM^SNQPMWQ\SVOUPMNOPQRUYQWRQMVSYMSM^PS^SWQWRQM^UPUM]QM
[QhUMScRONSM^PQiSMYQXfSP
cMMUMYUWOQ[RUijSMNUMOWRQWijSMNQMOWRQP^SPMPQV]P[SM[QPM
muyxotqostx{orxozmzzqopqnovmwuzyvqomnoxyxorxoztymzmorxzozxzo
PUkQ[gM^SNQWNSMS[MOWRQPQ[[UNS[Mh]WRUPMYQYSPOUO[MWSM^PUSMNQMRP[M
NOU[MbRQO[
cMMSMPQV]P[SMVSWRPUMNQVO[jSMNSM^PQ\SQOPSMWjSMRQPMQQORSM
[][^QW[OZS
MMSMUVSXfOYQWRSMNQMPQV]P[SMOY^SPRUPMUMOWZUXONUijSMU^Q
WU[MNS[MURS[MOW[][VQRZQO[MNQMU^PSZQORUYQWRS
MMNQVONONS[MS[MPQV]P[S[MQMVSW[RURUNUMUMPQ\]XUPONUNQMNS[M
URS[M^PSVQNOYQWRUO[gMUMU]RSPONUNQMVSY^QRQWRQMfSYSXS\UPMUMUNh]
NOVUijSM^UPUMNQRQPYOWUPMUMVSWRPURUijS
MMVSYSMVSWNOijSM^UPUMVQXQcPUijSMNSMVSWRPURSgMSMXOVORUWRQM
ZQWVQNSPMNQZQPMYUWRQPMU[MYQ[YU[MVSWNOikQ[MNQMfUcOXORUijSM
MM]UWNSMSM^PS^SWQWRQMZQWVQNSPMWjSMU^PQ[QWRUPM[OR]UijSM
PQ\]XUPgMWSMURSMNUMU[[OWUR]PUMNSMVSWRPURSgM[QPMVSWZSVUNSMS]RPSMXOVO
yxtymoqlzmvxrxoxoqvrmnormop{xzzuspx|qoxvxopm{mlvxvoqopqtyvxyqo
QMU[[OYM[]VQ[[OZUYQWRQgM[QYM^PQh]SMNUMU^XOVUijSMNU[M[UWikQ[M
VUcZQO[gMSc[QPZUNSMSMNO[^S[RSMWS[MOWVO[S[McMQMcMNQ[RQMUPRO\S
MM[QMSMXOVORUWRQMZQWVQNSPMPQV][UP[QMUMU[[OWUPMSMVSWRPU
yqoutzyuspxrxnmtymozmvox{upxrxoxovmwvxomzyxlm{mpurxotqoutpuzqo
M
cMMSM^PUSMNQMZUXONUNQMNU[M^PS^S[RU[M[QPMNQM[Q[[QWRUM
ruxzozmoqyvqotqomzyumvosxrqotqomruyx{
vyooyorquzoruxzoymuzoxtymzorxorxyxosxrxoxvxovmpmlu
YQWRSMNU[M^PS^S[RU[gM]UX]QPM^Q[[SUM^SNQPM[SXOVORUPMQ[VXUPQVO
YQWRS[gM^PSZONWVOU[MS]MOY^]\WUPMSMURSMVSWZSVUR~POSMNSM^PQ\jSd
M0MUcQPMUSM^PQ\SQOPSMNQVONOPM[ScPQMUM^QROijSMWSM^PUSMNQM
ZOWRQMQM]URPSMfSPU[d
MMVSXfONUMUM^QROijSMVSWRPUMSMURSMVSWZSVUR~POSgM[QPMNQ[O\
WUNUMWSZUMNURUM^UPUMUMPQUXOUijSMNSMVQPRUYQd
PRdM06dMaUPUMfUcOXORUijSMNS[MXOVORUWRQ[gM[QPMQO\ONUgMQVX][O
ZUYQWRQgMUMNSV]YQWRUijSM^PQZO[RUMWUMXQ\O[XUijSM\QPUXM^UPUMUMN
YOWO[RPUijSgMPQXUROZUM_
MMfUcOXORUijSMh]PNOVU
oFox{uspx|qoyptupx
oFox{uspx|qompqt3nupqFstxtpmuvx
oFovmw{xvurxrmoszpx{om
cMMV]Y^POYQWRSMNSMNO[^S[RSMWSMOWVO[SMMNSMUPRdM7MNUM
SW[ROR]OijSMQMWUM9QOMWM1d2fgMNQM7MNQMS]R]cPSMNQM0111d
aUP\PUSMbWOVSdMMNSV]YQWRUijSMQO\ONUM^UPUMURQWNQPMUSMNO[
^S[RSMWS[MOWVO[S[MgMMQMcMNQ[RQMUPRO\SMNQZQPM[QPM[]c[ROR]NUM^QXSM
PQ\O[RPSMVUNU[RPUXMNSMMS]gMQYM[QMRPURUWNSMNQM~P\jSMS]MQWRONU
rmotqoxlvxtwurqom{qovmmvurqouzymnxoqvopmvyuspxrqormovmwuzyvqo
VUNU[RPUXM]QMURQWNUMUS[MPQ]O[ORS[M^PQZO[RS[MWUMXQ\O[XUijSM\QPUXd
V

PRdM0dMLMXOVORUWRQM]QMQW[QhUPMSMPQRUPNUYQWRSMNUMQQV]ijSMNSM
VQPRUYQgMWjSMYUWROZQPMUM^PS^S[RUgMUXfUPMS]MPU]NUPMWUMQQV]ijSM
rqopqtyvxyqopqnqvyxvFzmormonqrqoutur3tmqosmvormp{xvx|qox{zxo
qopqnmymvovxrmoszpx{owxvxtyurqoqoruvmuyqovuqorxopuyx|qomorxo
xn{xormmzxospxvounmrurqormo{upuyxvomopqtyvxyxvopqnoxornu
WO[RPUijSgM^QXSM^PUSMNQMURTMVOWVSMUWS[gMQW]UWRSM^QPN]PUPQYMS[M
YSROZS[MNQRQPYOWUWRQ[MNUM^]WOijSMS]MURTM]QM[QhUM^PSYSZONUMUM
PQUcOXORUijSM^QPUWRQMUM^P~^POUMU]RSPONUNQM]QMU^XOVS]MUM^QWUXONUNQd
aUP\PUSMbWOVSdM[M^QWUXONUNQ[M[QPjSMScPO\URSPOUYQWRQMPQ\O[
RPUNU[MWSMgMQMWSMVU[SMNQM[][^QW[jSMNQMXOVORUPgMSMXOVORUWRQMNQ
ZQPM[QPMNQ[VPQNQWVOUNSM^SPMO\]UXM^QPSNSgM[QYM^PQh]SMNU[MY]XRU[M
^PQZO[RU[MWSMQNORUXMQMWSMVSWRPURSMQMNU[MNQYUO[MVSYOWUikQ[MXQ\UO[d
vyooComrxrxoxomuwWtpuxorma
MM\UPUWROUMNQM^PS^S[RU
MMU]O[OijSMNSMQNORUXM^QXS[MXOVORUWRQ[gMVSYSMVSWNOijSM^UPUM
^UPROVO^UijSMWSMVQPRUYQMQ
MM^U\UYQWRSMNQMRUU[MQMQYSX]YQWRS[gM[UXZSMS[MPQQPQWRQ[M
UMSPWQVOYQWRSMNSMQNORUXgM]QMWjSM[QPjSM[]^QPOSPQ[MUSMV][RSMNQM[]UM
vmvqr|qowvspxomoxqzopzyqzormoyu{ux|qormovmpvzqzormoymptq
XS\OUMNUMOWSPYUijSgM]UWNSMSPMSMVU[Sd
PRdM0dM]UWNSM^QPYORONUMUM^UPROVO^UijSMNQMQY^PQ[U[MQ[RPUW
\QOPU[MWUMXOVORUijSgMU[MQO\WVOU[MNQMfUcOXORUijSM[QPjSMURQWNONU[M
YQNOUWRQMNSV]YQWRS[MQ]OZUXQWRQ[gMU]RQWROVUNS[M^QXS[MPQ[^QVROZS[M
VSW[]XUNS[MQMRPUN]ONS[M^SPMRPUN]RSPMh]PUYQWRUNSd
aUP\PUSMbWOVSdMLMXOVORUWRQMNQZQPMRQPM^PSV]PUNSPMPQ[ONQWRQMQM
NSYOVOXOUNSMWSMaU[gMVSYM^SNQPQ[M^UPUMPQVQcQPMVORUijSgMOWROYUijSM
QMPQ[^SWNQPMUNYOWO[RPUROZUMQMh]NOVOUXYQWRQM^SPM[Q][MURS[gMh]WRUWNSM
S[MOW[RP]YQWRS[MNQMYUWNURSMVSYMS[MNSV]YQWRS[MNQMfUcOXORUijSd
PRdM07dM]UWNSM^QPYORONUMUM^UPROVO^UijSMNQMQY^PQ[U[MPQ]WO
NU[MQYMVSW[~PVOSgM[QPjSMSc[QPZUNU[MU[M[Q\]OWRQ[MWSPYU[_
MMNQZQPM[QPMVSY^PSZUNUMUMQO[RWVOUMNQMVSY^PSYO[[SM^b
cXOVSMS]M^UPROV]XUPMNQMVSW[ROR]OijSMNQMVSW[~PVOSgMVSYMOWNOVUijSMNUM
QY^PQ[UXNQPgM]QMNQZQPMURQWNQPM[MVSWNOikQ[MNQMXONQPUWiUMQ[RO
^]XUNU[MWSMQNORUXMQM[QPMUMPQ^PQ[QWRUWRQMNU[MVSW[SPVOUNU[M^QPUWRQM
UM5WOjS
MMVUNUMQY^PQ[UMVSW[SPVOUNUMNQZQPMU^PQ[QWRUPMUMNSV]YQWRU
ijSMNQMfUcOXORUijSMQO\ONUMWSMURSMVSWZSVUR~POS
MMUMVU^UVONUNQMRTVWOVUMNSMVSW[~PVOSM[QPMPQ^PQ[QWRUNUM^QXUM
[SYUMNUMVU^UVONUNQMRTVWOVUMNU[MQY^PQ[U[MVSW[SPVOUNU[
oFoxvxostzormox{uspx|qompqt3nupqFstxtpmuvxopxrxonxo
rxzomnvmzxzormmvoxymtrmvoxqzotrupmzopqtylmuzormsturqzotqo
QNORUXgMWU[MYQ[YU[MVSWNOikQ[MQ[RO^]XUNU[MWSMM
cMMU[MQY^PQ[U[MVSW[SPVOUNU[MWjSM^SNQPjSM^UPROVO^UPgMWUMYQ[
YUMXOVORUijSgMNQMYUO[MNQM]YMVSW[~PVOSMS]MO[SXUNUYQWRQ
cMMU[MQY^PQ[U[MVSW[SPVOUNU[M[QPjSM[SXONUPOUYQWRQMPQ[^SW[
ZQO[M^QXU[MScPO\UikQ[MNSMVSW[~PVOSMWU[MU[Q[MNQMXOVORUijSMQMN]PUWRQM
UMZO\WVOUMNSMVSWRPURSMQ
cMMWSMVSW[~PVOSMNQMQY^PQ[U[McPU[OXQOPU[MQMQ[RPUW\QOPU[gMUMXO
NQPUWiUMVUcQPgMScPO\URSPOUYQWRQgMMQY^PQ[UMcPU[OXQOPUgMSc[QPZUNSM
SMNO[^S[RSMWSMOWVO[SMMNQ[RQMUPRO\Sd
aUP\PUSMbWOVSdMWRQ[MNUMVQXQcPUijSMNSMVSWRPURSgMNQZQPM[QPM
^PSYSZONUMUMVSW[ROR]OijSMQMSMPQ\O[RPSMNSMVSW[~PVOSgMWS[MRQPYS[MNSM
VSY^PSYO[[SMPQQPONSMWSMOWVO[SMMNQ[RQMUPRO\SdM
PRdM02dMMU]RSPONUNQMVSY^QRQWRQM^UPUMNQRQPYOWUPMUMVSWRPURU
ijSM^SNQPMPQZS\UPMUMXOVORUijSMQYMUVQMNQMPUkQ[MNQMOWRQPQ[[QM^b
cXOVSgMNQPOZUNU[MNQMURSM[]^QPZQWOQWRQMNQZONUYQWRQMVSY^PSZUNSgM
mvyutmtymomozspumtymoxvxozyuspxvoyx{opqtryxormmtrqoxt{F{xo
^SPMOXQ\UXONUNQgMNQMSVOSMS]M^SPM^PSZSVUijSMNQM]UX]QPM^Q[[SUgM
YQNOUWRQMURSMQ[VPORSMQM]WNUYQWRUNSd


M0MMUW]XUijSMNSM^PSVQNOYQWRSMXOVORUR~POSMOWN]MMNSMVSW
RPURSd
MML[MXOVORUWRQ[MWjSMRQPjSMNOPQORSMMOWNQWOUijSMQYMNQVSPPW
VOUMNUMUW]XUijSMNSM^PSVQNOYQWRSMXOVORUR~POSgMPQ[[UXZUNSMSMNOPQORSM
NSMVSWRPURUNSMNQMcSUTMNQM[QPMPQ[[UPVONSM^QXS[MQWVUP\S[M]QMROZQPM
[]^SPRUNSMWSMV]Y^POYQWRSMNSMVSWRPURSd
PRdM01dMQWf]YMVSWRPURSM[QPMVQXQcPUNSM[QYMUMQQROZUMNO[^S
WOcOXONUNQMNQMPQV]P[S[MSPiUYQWRPOS[M^UPUM^U\UYQWRSMNS[MQWVUP
wqzorm{mormpqvvmtymzotqommvppuqostxtpmuvqomnopvzq
vyoootuqol{upxvotqoOuvuqobspux{orxotuqoqom
RPURSMNS[MVSWRPURS[MVQXQcPUNS[gMWSM^PUSMNQMURTMZOWRQMNOU[MNUMNURUM
NQM[]UMU[[OWUR]PUgMVSYMOWNOVUijSMNUMYSNUXONUNQMNQMXOVORUijSMQMNQM
[Q]MWbYQPSMNQMPQQPWVOUdM
aUP\PUSMbWOVSdMLMNQ[V]Y^POYQWRSMNSMNO[^S[RSMWQ[RQMUPRO\SM
[]hQORUPMSM[QPZONSPMPQ[^SW[ZQXMUM[UWijSMUNYOWO[RPUROZUd
PRdM0dML[MURS[MQ[[QWVOUO[MNSM^PQ\jSgMOWVX][OZQMS[MNQVSPPQWRQ[M
NQMYQOS[MQXQRPWOVS[gM[QPjSMNSV]YQWRUNS[MS]Mh]WRUNS[MWSMPQ[^QVRO
ZSM^PSVQ[[SgMVUNUM]UXMS^SPR]WUYQWRQgMVSY^PQQWNQWNSgM[QYM^PQ
h]SMNQMS]RPS[gMSM[Q\]OWRQ_
oFozyuspxyuxorxopqtyvxyx|q
MMRQPYSMNQMPQQPWVOUgMVSWRQWNSMNQ[VPOijSMNQRUXfUNUMNSMSc
myqoqv|xnmtyqomzyunxyuqormopzyqzomopvqtqwvxnxozupqFstxtpmu
PSMNQMNQ[QYcSX[SgM[QMSPMSMVU[S
MM^XUWOXfU[MNQMV][RS
cMM\UPUWROUMNQMPQ[QPZUMSPiUYQWRPOUgMVSYMUMOWNOVUijSMNU[M
PQ[^QVROZU[MP]cPOVU[
cMMU]RSPOUijSMNQMUcQPR]PUMNUMXOVORUijS
cMMNQ[O\WUijSMNSM^PQ\SQOPSMQMQ]O^QMNQMU^SOS
cMM^UPQVQPMh]PNOVS
cMMQNORUXMQMPQ[^QVROZS[MUWQS[gM]UWNSMSPMSMVU[S
MMYOW]RUMNSMRQPYSMNSMVSWRPURSMS]MOW[RP]YQWRSMQ]OZUXQWRQgM
VSWSPYQMSMVU[S
MMSPO\OWUO[MNU[M^PS^S[RU[MQ[VPORU[gMNUMNSV]YQWRUijSMNQMfUcO
XORUijSMUWUXO[UNUMQMNS[MNSV]YQWRS[M]QMUMOW[RP]PQY
MMURUMNUM[Q[[jSMNSM^PQ\jSgMVSWRQWNSgM[QYM^PQh]SMNQMS]
RPS[gMSMPQ\O[RPSMNS[MXOVORUWRQ[MVPQNQWVOUNS[gMNU[M^PS^S[RU[MQ[VPORU[MQM
mvlxuzoxvmzmtyxrxzotxoqvrmnormop{xzzuspx|qorxoxt{uzmorxorq
V]YQWRUijSMQO\ONUM^UPUMfUcOXORUijSMQMNS[MPQV]P[S[MOWRQP^S[RS[MQ
MMVSY^PSZUWRQ[MNUM^]cXOVUijSMNSMUZO[SMNSMQNORUXgMNSMPQ[]X
RUNSMNUMXOVORUijSgMNSMQRPURSMNSMVSWRPURSMQMNS[MNQYUO[MURS[MPQXUROZS[M
UM^]cXOVONUNQMNSMVQPRUYQgMVSWSPYQMSMVU[Sd
PRdMdML[MVU[S[MSYO[[S[MWQ[RQM7Q\]XUYQWRSM[QPjSMPQ[SXZONS[M
^QXSM6 OWO[RTPOSMNSMaXUWQhUYQWRSgMLPiUYQWRSMQMQ[RjSd
04L
33
71CUCM
SWSPYQMQO\ONSM^QXSMeNORUXMNQMcQPR]PUMNSMSWV]P[SM
abcXOVSgM[Q\]QMUMWRQ\PUMNSMRQRSMXQ\UXMPQQPQWRQMUSM`QVPQRSMWM
fdfeeef_
176
4BUMB1I12 03
1BU
7Q\]XUYQWRUMSM^PQ\jSgMWUMSPYUMQXQRPWOVUgM^UPUMU]O[OijSMNQM
cQW[MQM[QPZOiS[MVSY]W[gMQMNMS]RPU[M^PSZONWVOU[d

753146107 30gMWSM][SMNUMURPOc]OijSM
]QMXfQMVSWQPQMSMUPRdM2gMOWVO[SMcgMNUMSW[ROR]OijSgMQMRQWNSMQYM
ZO[RUMSMNO[^S[RSMWUM9QOMWSM0edfegMNQM07MNQMh]XfSMNQMeeg
V

1760_
PRdM0SMMYSNUXONUNQMNQMXOVORUijSM^PQ\jSgMWUMSPYUMQXQRPWOVUgM
NQMUVSPNSMVSYMSMNO[^S[RSMWSMM0SMNSMUPRdMSMNUM9QOMWSM0edfegMNQM07M
NQMh]XfSMNQMeegMNQ[ROWU[QMMU]O[OijSMNQMcQW[MQM[QPZOiS[MVSY]W[gM
WSM8YcORSMNUM5WOjSgMQM[]cYQRQ[QMUSMPQ\]XUYQWRSMQ[RUcQXQVONSM
WQ[RQM`QVPQRSd
aUP\PUSMbWOVSdM]cSPNOWUY[QMUSMNO[^S[RSMWQ[RQM`QVPQRSgM
UXTYMNS[M~P\jS[MNUMUNYOWO[RPUijSM^bcXOVUMQNQPUXMNOPQRUgMS[M]WNS[M
Q[^QVOUO[gMU[MU]RUP]OU[gMU[M]WNUikQ[M^bcXOVU[gMU[MQY^PQ[U[M
^bcXOVU[gMU[M[SVOQNUNQ[MNQMQVSWSYOUMYO[RUMQMU[MNQYUO[MQWRONUNQ[M
VSWRPSXUNU[MNOPQRUMS]MOWNOPQRUYQWRQM^QXUM5WOjSd
PRdMSMLM^PQ\jSgMWUMSPYUMQXQRPWOVUgMVSYSMYSNUXONUNQMNQM
XOVORUijSMNSMRO^SMYQWSPM^PQiSgMPQUXOUP[QM]UWNSMUMNO[^]RUM^QXSM
SPWQVOYQWRSMNQMcQW[MS]M[QPZOiS[MVSY]W[MSPMQORUMMNO[R8WVOUMQYM
[Q[[jSM^bcXOVUgM^SPMYQOSMNQM[O[RQYUM]QM^PSYSZUMUMVSY]WOVUijSM
^QXUMOWRQPWQRd
M0SMSW[ONQPUY[QMcQW[MQM[QPZOiS[MVSY]W[gMU]QXQ[MV]hS[M
^UNPkQ[MNQMNQ[QY^QWfSMQM]UXONUNQM^S[[UYM[QPMSchQROZUYQWRQM
rmsturqzom{qomruyx{oqvonmuqormomzmpuspx|}mzozxuzorqo
YQPVUNSd
MSoxvxoqo{wxnmtyqorxzovqqzyxzozmvqosxrqzo
VPORTPOS[MSchQROZS[M]QM^QPYORUYMUQPOPMSMYQWSPM^PQiSgMNQZQWNSM
[QPMVSW[ONQPUNS[MS[M^PUS[M^UPUMUMQQV]ijSMNSMVSWRPURSMQMNSM
qvtmpunmtyqoxzomzmpuspx|}mzoyptupxzoqzoxvXnmyvqzontunqzo
rmormzmnmtqomormox{urxrmomoxzormnxuzopqtru|}mzormsturxzotqo
QNORUXd
M6SMLM[O[RQYUMPQQPONSMWSMVU^]RM[QPMNSRUNSMNQMPQV]P[S[M
rmopvuyqwvxsxomormoxymtyupx|qomowxvxtyxnopqtru|}mzormo
[Q\]PUWiUMQYMRSNU[MU[MQRU^U[MNSMVQPRUYQd
MSMLM^PQ\jSgMWUMSPYUMQXQRPWOVUMg[QPMVSWN]ONSM^QXSM
~P\jSMS]MQWRONUNQM^PSYSRSPUMNUMXOVORUijSgMVSYMU^SOSMRTVWOVSMQM
S^QPUVOSWUXMNUMQVPQRUPOUMNQM9S\[ROVUMQMQVWSXS\OUMNUMWSPYUijSM
NSM6 OWO[RTPOSMNSMaXUWQhUYQWRSgMLPiUYQWRSMQMQ[RjSgM]QMUR]UPM
VSYSM^PSZQNSPMNSM[O[RQYUMQXQRPWOVSM^UPUMS[M~P\jS[MOWRQ\PUWRQ[MNSM
O[RQYUMNQMQPZOiS[MQPUO[MMd
MfSMMQVPQRUPOUMNQM9S\[ROVUMQMQVWSXS\OUMNUMWSPYUijSM
^SNQPMVQNQPMSM][SMNSM[Q]M[O[RQYUMQXQRPWOVSMUM~P\jSMS]MQWRONUNQM
NS[MaSNQPQ[MNUM5WOjSgMe[RUNS[gM`O[RPORSMQNQPUXMQM6 ]WOV^OS[gM
YQNOUWRQMVQXQcPUijSMNQMRQPYSMNQMUNQ[jSd
PRdM6SM`QZQPjSM[QPM^PQZOUYQWRQMVPQNQWVOUNS[M^QPUWRQMSM
^PSZQNSPMNSM[O[RQYUMQXQRPWOVSMUMU]RSPONUNQMVSY^QRQWRQMNSM~P\jSM
^PSYSRSPMNUMXOVORUijSgMSM^PQ\SQOPSgMS[MYQYcPS[MNUMQ]O^QMNQMU^SOSM
QMS[MXOVORUWRQ[M]QM^UPROVO^UYMNSM^PQ\jSMWUMSPYUMQXQRPWOVUd
M0SMLMVPQNQWVOUYQWRSMNUP[QM^QXUMURPOc]OijSMNQMVfUZQMNQM
urmtyuspx|qomormozmtxomzzqx{omoutyvxtzmvm{oxvxoxpmzzqoxqo
[O[RQYUMQXQRPWOVSd
MSMSMVU[SMNQM^PQ\jSM^PSYSZONSM^SPM~P\jSMOWRQ\PUWRQMNSM
gMSMVPQNQWVOUYQWRSMNSMXOVORUWRQgMcQYMU[[OYMUM[]UMYUW]RQWijSgM
NQ^QWNQPMNQMPQ\O[RPSMUR]UXOUNSMWSMO[RQYUMNQMUNU[RPUYQWRSM
tuspxrqormo4qvtmpmrqvmzoFo4
M6Soopxmormourmtyuspx|qomoxozmtxoqrmvqozmvoyu{uxrxzomno
]UX]QPM^PQ\jSMWUMSPYUMQXQRPWOVUgM[UXZSM]UWNSMVUWVQXUNUM^SPM
[SXOVORUijSMNSMVPQNQWVOUNSMS]MQYMZOPR]NQMNQM[Q]MNQ[VUNU[RPUYQWRSM
^QPUWRQMSMd
MSMM^QPNUMNUM[QWfUMS]MUM]QcPUMNQM[O\OXSMNQZQPM[QPM
VSY]WOVUNUMOYQNOURUYQWRQMUSM^PSZQNSPMNSM[O[RQYUgM^UPUMOYQNOURSM
cXS]QOSMNQMUVQ[[Sd


MfSMLM][SMNUM[QWfUMNQMUVQ[[SM^QXSMXOVORUWRQMTMNQM[]UM
PQ[^SW[UcOXONUNQMQVX][OZUgMOWVX]OWNSM]UX]QPMRPUW[UijSMQQR]UNUM
NOPQRUYQWRQMS]M^SPM[Q]MPQ^PQ[QWRUWRQgMWjSMVUcQWNSMUSM^PSZQNSPMNSM
[O[RQYUMS]MUSM~P\jSM^PSYSRSPMNUMXOVORUijSMPQ[^SW[UcOXONUNQM^SPM
QZQWR]UO[MNUWS[MNQVSPPQWRQ[MNQM][SMOWNQZONSMNUM[QWfUgMUOWNUM]QM
^SPMRQPVQOPS[d
MSMLMVPQNQWVOUYQWRSMh]WRSMUSM^PSZQNSPMNSM[O[RQYUMOY^XOVUMUM
PQ[^SW[UcOXONUNQMXQ\UXMNSMXOVORUWRQMQMUM^PQ[]WijSMNQM[]UMVU^UVONUNQM
RTVWOVUM^UPUMPQUXOUijSMNU[MRPUW[UikQ[MOWQPQWRQ[MUSM^PQ\jSMWUM
SPYUMQXQRPWOVUd
PRdMSMU[MXOVORUikQ[M^UPUMU]O[OijSMNQMcQW[MQM[QPZOiS[M
VSY]W[M[QPMScPO\UR~POUMUMYSNUXONUNQM^PQ\jSgM[QWNSM^PQQPQWVOUXM
UM]ROXOUijSMNUM[]UMSPYUMQXQRPWOVUd
M0SMLM^PQ\jSMNQZQM[QPM]ROXOUNSMWUMSPYUMQXQRPWOVUgM[UXZSM
tqzopxzqzormopqnvqxrxoutuxlu{urxrmoxozmvozyuspxrxom{xo
U]RSPONUNQMVSY^QRQWRQd
MSMUMfO^~RQ[QMNQMU]O[OikQ[M^SPMNO[^QW[UMNQMXOVORUijSgM
]WNUYQWRUNU[MWSMOWVO[SMMNSMUPRdMMNUM9QOMWSM2dgMNQM0MNQM
h]WfSMNQM0116gMU[M]WONUNQ[M\Q[RSPU[MOWRQ\PUWRQ[MNSMMNQZQPjSM
UNSRUPgM^PQQPQWVOUXYQWRQgMSM[O[RQYUMNQMVSRUijSMQXQRPWOVUgM
VSWSPYQMNO[^S[RSMWUMXQ\O[XUijSMZO\QWRQd
PRdMfSMMXOVORUijSMWUMYSNUXONUNQMNQM^PQ\jSMTMVSWNOVOSWUNUM
US[M^POWV^OS[Mc[OVS[MNUMXQ\UXONUNQgMOY^Q[[SUXONUNQgMYSPUXONUNQgM
uwx{rxrmo l{upurxrmo mspuWtpuxo vqlurxrmo xrnutuzyvxyuxo
ZOWV]XUijSM USM OW[RP]YQWRSM VSWZSVUR~POSM QM NSM h]X\UYQWRSM
SchQROZSgMcQYMVSYSMUS[M^POWV^OS[MVSPPQXURS[MNUMPUSUcOXONUNQgM
VSY^QROROZONUNQMQM^PS^SPVOSWUXONUNQd
aUP\PUSMbWOVSdM[MWSPYU[MNO[VO^XOWUNSPU[MNUMXOVORUijSM
[QPjSM[QY^PQMOWRQP^PQRUNU[MQYMUZSPMNUMUY^XOUijSMNUMNO[^]RUM
QWRPQMS[MOWRQPQ[[UNS[gMNQ[NQM]QMWjSMVSY^PSYQRUYMSMOWRQPQ[[QMNUM
xrnutuzyvx|qoqovutpuqorxouzqtqnuxoxostx{urxrmomoxozmwvxt|xo
NUMVSWRPURUijSd
PRdMSMMXOVORUijSMWUMYSNUXONUNQMNQM^PQ\jSgMWUMSPYUM
QXQRPWOVUgMWjSM[QMU^XOVUM[MVSWRPURUikQ[MNQMScPU[MNQMQW\QWfUPOUgM
cQYMVSYSM[MXSVUikQ[MOYScOXOPOU[MQMUXOQWUikQ[MQYM\QPUXd
PRdM7SML[M^UPROVO^UWRQ[MNQMXOVORUijSMWUMYSNUXONUNQMNQM^PQ\jSgM
txoqvnxom{myv3tupxoyWnoruvmuyqol{upqozlmyuqoZosm{oqlzmvXtpuxo
NSM^PSVQNOYQWRSMQ[RUcQXQVONSMWQ[RQM`QVPQRSgM^SNQWNSM]UX]QPM
OWRQPQ[[UNSMUVSY^UWfUPMSM[Q]MNQ[QWZSXZOYQWRSMQYMRQY^SMPQUXgM
^SPMYQOSMNUMOWRQPWQRd
PRdM2SMMU]RSPONUNQMVSY^QRQWRQgMNQMUVSPNSMVSYMU[MURPOc]OikQ[M
^PQZO[RU[MWSMPQ\OYQWRSMS]MQ[RUR]RSMNSM~P\jSMS]MNUMQWRONUNQgMVUcQ_
MMNQ[O\WUPMQM[SXOVORUPgMh]WRSMUSM^PSZQNSPMNSM[O[RQYUgMSM
VPQNQWVOUYQWRSMNSM^PQ\SQOPSMQMNS[MVSY^SWQWRQ[MNUMQ]O^QMNQM
U^SOS
MMOWNOVUPMSM^PSZQNSPMNSM[O[RQYU
MMNQRQPYOWUPMUMUcQPR]PUMNSM^PSVQ[[SMXOVORUR~POS
cMMNQVONOPMS[MPQV]P[S[MVSWRPUMURS[MNSM^PQ\SQOPSM]UWNSMQ[RQM
YUWROZQPM[]UMNQVO[jS
cMMUNh]NOVUPMSMSchQRSMNUMXOVORUijSgM]UWNSMfS]ZQPMPQV]P[S
cMMfSYSXS\UPMSMPQ[]XRUNSMNUMXOVORUijSMQ
cMMVQXQcPUPMSMVSWRPURSd
PRdM1SMUMU[QM^PQ^UPUR~POUMNSM^PQ\jSgMWUMSPYUMQXQRPWOVUgM
[QPMSc[QPZUNSMSM[Q\]OWRQ_
MMQXUcSPUijSMNQMRQPYSMNQMPQQPWVOUM^QXSM~P\jSMPQ]O[ORUWRQgM
pqnoutrupx|qorqoqlmyqormoqvnxovmpuzxozspumtymomop{xvxomrxrxzo
mzmpuspx|}mzomoqvompmzzuxzouvvm{mUWRQ[MS]MNQ[WQVQ[[POU[gM
XOYORQYMS]MP][RPQYMUMVSY^QROijSMS]M[]UMPQUXOUijS
MMU^PSZUijSMNSMRQPYSMNQMPQQPWVOUM^QXUMU]RSPONUNQM
VSY^QRQWRQ
V

o Fo xvmzmtyx|qo rmo zyuspxyuxo rxo tmpmzzurxrmo rxo

VSWRPURUijS
cMMQXUcSPUijSMNSMQNORUXgMQ[RUcQXQVQWNSMVPORTPOS[MNQMUVQORUijSM
NU[M^PS^S[RU[
oFormstu|qorxzomuwWtpuxzormoxlu{uyx|qorxzozxt|}mzo
U^XOVZQO[gMOWVX][OZQMWSM]QM[QMPQQPQMUS[M^PUS[MQM[MVSWNOikQ[M
]QgM^QXU[M[]U[M^UPROV]XUPONUNQ[gM[QhUYMVSW[ONQPUNU[MPQXQZUWRQ[M
^UPUMUMVQXQcPUijSMQMQQV]ijSMNSMVSWRPURSMQMSMURQWNOYQWRSMNU[M
WQVQ[[ONUNQ[MNUMUNYOWO[RPUijSMQ
cMMNQ[O\WUijSMNSM^PQ\SQOPSMQMNQM[]UMQ]O^QMNQMU^SOSd
M0Sooxyqvurxrmopqnmymtymonqyuxvoqzoxyqzomzmpuspxrqzo
WS[MOWVO[S[MMQMgMOWNOVUWNSMS[MQXQYQWRS[MRTVWOVS[M]WNUYQWRUO[M
]QMSMU^SOUYgMcQYMVSYSM]UWRSMUS[MQXQYQWRS[MVSWRONS[MWSM
qv|xnmtyqomzyunxyuqomotqopvqtqwvxnxozupqFstxtpmuvqormo
NQ[QYcSX[SgM[QMSPMSMVU[SgMQXUcSPUNS[M^QXUMUNYOWO[RPUijSd
MSMLMRQPYSMNQMPQQPWVOUMTMSMNSV]YQWRSM]QMNQZQPM
VSWRQPMQXQYQWRS[MVU^UQ[MNQM^PS^OVOUPMUZUXOUijSMNSMV][RSM^QXUM
xrnutuzyvx|qoruxtymormoqv|xnmtyqormyx{xrqormstu|qorqzo
YTRSNS[gMQ[RPURT\OUMNQM[]^POYQWRSgMZUXSPMQ[ROYUNSMQYM^XUWOXfU[MNQM
xpqvrqopqnoqovm|qormonmvpxrqopvqtqwvxnxozupqFstxtpmuvqozmo
SPMSMVU[SgMVPORTPOSMNQMUVQORUijSMNSMSchQRSgMNQZQPQ[MNSMVSWRPURUNSM
morqopqtyvxyxtymovqpmrunmtyqzormoszpx{ux|qomowmvmtpuxnmtyqo
NSMVSWRPURSgM^PUSMNQMQQV]ijSMQM[UWikQ[gMNQMSPYUMVXUPUgMVSWVO[UM
QMSchQROZUd
PRdM0edM[MNQ[O\WUikQ[MNSM^PQ\SQOPSMQMNUMQ]O^QMNQMU^SOSM
NQZQYMPQVUOPMWS[M[QPZONSPQ[MNSM~P\jSMS]MQWRONUNQM^PSYSRSPUMNUM
XOVORUijSgMS]MNQM~P\jSMS]MQWRONUNQMOWRQ\PUWRQMNSMd
M0SMMQ]O^QMNQMU^SOSMNQZQPM[QPMOWRQ\PUNUgMQYM[]UMYUOSPOUgM
^SPM[QPZONSPQ[MSV]^UWRQ[MNQMVUP\SMQQROZSMS]MQY^PQ\SMNUM
UNYOWO[RPUijSM^bcXOVUgM^QPRQWVQWRQ[gM^PQQPQWVOUXYQWRQgMUSM]UNPSM
^QPYUWQWRQMNSM~P\jSMS]MQWRONUNQM^PSYSRSPUMNUMXOVORUijSd
MSMSM8YcORSMNSM6 OWO[RTPOSMNUM`QQ[UgMU[M]WikQ[MNQM^PQ\SQOPSM
QMNQMYQYcPSMNUMQ]O^QMNQMU^SOSM^SNQPjSM[QPMNQ[QY^QWfUNU[M^SPM
YOXORUPQ[d
M6SMMNQ[O\WUijSMNSM^PQ\SQOPSgMUMVPORTPOSMNUMU]RSPONUNQM
VSY^QRQWRQgM^SNQPMSVSPPQPM^UPUM^QPSNSMNQM]YMUWSgMUNYOROWNS[QM
vmpqtr|}mzoqoxvxo{upuyx|qomzmpspx
MSMSYQWRQM^SNQPMQQPVQPMUM]WijSMNQM^PQ\SQOPSMSM[QPZONSPM
qoqonu{uyxvomovmtxox{uspx|qovqszzuqtx{omomvs{oxrmxrqzo
UQPONS[M^QXUMU]RSPONUNQMVSY^QRQWRQd
PRdM00dMUcQPMUSM^PQ\SQOPSgMQYMQ[^QVOUX_
MMVSSPNQWUPMSM^PSVQ[[SMXOVORUR~POS
MMPQVQcQPgMQUYOWUPMQMNQVONOPMU[MOY^]\WUikQ[MQMVSW[]XRU[MUSM
QNORUXgMU^SOUNSM^QXSM[QRSPMPQ[^SW[ZQXM^QXUM[]UMQXUcSPUijS
MMVSWN]OPMUM[Q[[jSM^bcXOVUMWUMOWRQPWQR
oFomvuspxvoxopqtqvnurxrmorxovqqzyxopqnoqzovmuzuyqzo
Q[RUcQXQVONS[MWSMOW[RP]YQWRSMVSWZSVUR~POS
cMMNOPO\OPMUMQRU^UMNQMXUWVQ[
oFomvuspxvomo{wxvoxzopqtru|}mzormoxlu{uyx|q
cMMPQVQcQPgMQUYOWUPMQMNQVONOPMS[MPQV]P[S[gMQWVUYOWfUWNSMM
U]RSPONUNQMVSY^QRQWRQM]UWNSMYUWROZQPM[]UMNQVO[jS
cMMOWNOVUPMSMZQWVQNSPMNSMVQPRUYQ
MMUNh]NOVUPMSMSchQRSgM]UWNSMWjSMfS]ZQPMPQV]P[S
MMVSWN]OPMS[MRPUcUXfS[MNUMQ]O^QMNQMU^SOSMQ
MMQWVUYOWfUPMSM^PSVQ[[SMNQZONUYQWRQMOW[RP]NSMMU]RSPONUNQM
[]^QPOSPMQM^PS^SPMUMfSYSXS\UijSd
PRdM0dMUcQPMMQ]O^QMNQMU^SOSgMNQWRPQMS]RPU[MURPOc]OikQ[gM
U]OXOUPMSM^PQ\SQOPSMQYMRSNU[MU[MU[Q[MNSM^PSVQ[[SMXOVORUR~POSd


PRdM06dMUcQPMUSMXOVORUWRQMOWRQPQ[[UNSMQYM^UPROVO^UPMNSM
^PQ\jSgMWUMSPYUMQXQRPWOVU_
MMVPQNQWVOUP[QMWSMM^UPUMVQPRUYQ[M^PSYSZONS[M^SPM
~P\jS[MNUMUNYOWO[RPUijSM^bcXOVUMQNQPUXMNOPQRUgMU]RP]OVUMQM
]WNUVOSWUXgMQMNQM~P\jSMS]MQWRONUNQMNS[MNQYUO[MaSNQPQ[gMWSM8YcORSM
NUM5WOjSgMe[RUNS[gM`O[RPORSMQNQPUXMQM6 ]WOV^OS[gM]QMRQWfUYM
VQXQcPUNSMRQPYSMNQMUNQ[jS
MMPQYQRQPgMWSM^PUSMQ[RUcQXQVONSgMQVX][OZUYQWRQM^SPMYQOSM
QXQRPWOVSgMZOUMOWRQPWQRgMUM^PS^S[RUMQgM]UWNSMSPMSMVU[SgM[Q][M
UWQS[
M M PQ[^SW[UcOXOUP[QM SPYUXYQWRQM ^QXU[M RPUW[UikQ[M
mmyxrxzomnozmotqnmoxzznutrqopqnqosvnmzomomvrxrmuvxzozxzo
^PS^S[RU[MQMXUWVQ[gMOWVX][OZQMS[MURS[M^PUROVUNS[MNOPQRUYQWRQMS]M
^SPM[Q]MPQ^PQ[QWRUWRQgMWjSMVUcQWNSMUSM^PSZQNSPMNSM[O[RQYUMS]MUSM
~P\jSM^PSYSRSPMNUMXOVORUijSMPQ[^SW[UcOXONUNQM^SPMQZQWR]UO[MNUWS[M
NQVSPPQWRQ[MNQM][SMOWNQZONSMNUM[QWfUgMUOWNUM]QM^SPMRQPVQOPS[
cMMUVSY^UWfUPMU[MS^QPUikQ[MWSM[O[RQYUMQXQRPWOVSMN]PUWRQMSM
^PSVQ[[SMXOVORUR~POSgMPQ[^SW[UcOXOUWNS[QM^QXSMW][MNQVSPPQWRQMNUM
^QPNUMNQMWQ\~VOS[MNOUWRQMNUMOWSc[QPZ8WVOUMNQM]UO[]QPMYQW[U\QW[M
QYORONU[M^QXSM[O[RQYUMS]MNQM[]UMNQ[VSWQjS
cMMVSY]WOVUPMOYQNOURUYQWRQMUSM^PSZQNSPMNSM[O[RQYUM]UX]QPM
UVSWRQVOYQWRSM]QM^S[[UMVSY^PSYQRQPMSM[O\OXSMS]MUMOWZOUcOXONUNQM
NSM][SMNUM[QWfUgM^UPUMOYQNOURSMcXS]QOSMNQMUVQ[[S
oFoyu{uxvFzmorxopxmormourmtyuspx|qomorxozmtxormoxpmzzqo
^UPUM^UPROVO^UPMNSM^PQ\jSMWUMSPYUMQXQRPWOVUMQ
oFozq{upuyxvoqopxtpm{xnmtyqorxopxmormourmtyuspx|qoqorxo
[QWfUMNQMUVQ[[SM^SPMOWRQPQ[[QM^P~^POSd
aUP\PUSMbWOVSdMLMSPWQVQNSPMNQ[VPQNQWVOUNSMWSMMRQPM
zxopxmormourmtyuspx|qomozmtxozzmtzxzoxyqnxyupxnmtym
PRdM 0dM aUPUM fUcOXORUijSM NS[M XOVORUWRQ[gM [QPM QO\ONUgM
QVX][OZUYQWRQgMUMNSV]YQWRUijSMPQXUROZU_
MMMfUcOXORUijSMh]PNOVU
oFoZox{uspx|qoyptupx
oFoZox{uspx|qompqt3nupqFstxtpmuvx
oFoZovmw{xvurxrmoszpx{opqnoxo4xmtrxoPxpuqtx{oqozuzymnxo
NUM[Q\]PONUNQM[SVOUXMQMSM]WNSMNQMUPUWROUMNSMQY^SMNQMQPZOiSM
M
oFoZovmw{xvurxrmoszpx{omvxtymoxzo4xmtrxzozyxrxuzomo
6 ]WOVO^UO[gM]UWNSMSPMSMVU[SMQ
cMMUSMV]Y^POYQWRSMNSMNO[^S[RSMWSMOWVO[SMMNSMUPRdM7SM
NUMSW[ROR]OijSMQMWSMOWVO[SMcMNSMUPRdM72MNUM9QOMWSM2dgMNQM
0116d
aUP\PUSMbWOVSdMMNSV]YQWRUijSMQO\ONUM^UPUMURQWNQPMUSM
NO[^S[RSMWS[MOWVO[S[MgMgMcMQMcMNQ[RQMUPRO\SM^SNQPM[QPM[]c[ROR]NUM
^QXSMPQ\O[RPSMVUNU[RPUXMWSMMS]gMQYM[QMRPURUWNSMNQM~P\jSMS]M
mtyurxrmotqoxlvxtwurxom{qovmmvurqouzymnxoqvopmvyuspxrqormo
PQ\O[RPSMVUNU[RPUXM]QMURQWNUMUS[MPQ]O[ORS[M^PQZO[RS[MWUMXQ\O[XUijSM
\QPUXd
PRdM0fdM]UWNSM^QPYORONUMUM^UPROVO^UijSMNQMQY^PQ[U[M
Q[RPUW\QOPU[MWUMXOVORUijSgMU[MQO\WVOU[MNQMfUcOXORUijSM[QPjSM
URQWNONU[MYQNOUWRQMNSV]YQWRS[MQ]OZUXQWRQ[gMU]RQWROVUNS[M^QXS[M
PQ[^QVROZS[MVSW[]XUNS[MS]MQYcUOUNU[MQMRPUN]ONS[M^SPMRPUN]RSPM
h]PUYQWRUNSMWSMPU[OXd
PRdM0dM]UWNSM^QPYORONUMUM^UPROVO^UijSMNQMVSW[~PVOSMNQM
QY^PQ[U[gM[QPjSMQO\ONS[_
MMVSY^PSZUijSMNUMQO[RWVOUMNQMVSY^PSYO[[SM^bcXOVSMS]M
^UPROV]XUPMNQMVSW[ROR]OijSMNQMVSW[~PVOSgMVSYMOWNOVUijSMNUMQY^PQ[U
XNQPgM]QMNQZQPMURQWNQPM[MVSWNOikQ[MNQMXONQPUWiUMQ[RO^]XUNU[MWSM
QNORUXMQM[QPMUMPQ^PQ[QWRUWRQMNU[MVSW[SPVOUNU[M^QPUWRQMUM5WOjS
VV

oFoxvmzmtyx|qorxorqpnmtyx|qormoxlu{uyx|qomzmpuspxrxo
WSMOW[RP]YQWRSMVSWZSVUR~POSM^SPMQY^PQ[UMVSW[SPVOUNU
MMVSY^PSZUijSMNUMVU^UVONUNQMRTVWOVUMNSMVSW[~PVOSM^QXSM
[SYUR~POSMNS[M]UWRORUROZS[MNQMVUNUMVSW[SPVOUNSgMWUMSPYUM
Q[RUcQXQVONUMWSMQNORUX
cMMNQYSW[RPUijSgM^SPMQY^PQ[UMVSW[SPVOUNUgMNSMURQWNOYQWRSM
xqzotrupmzopqtylmuzormsturqzotqomruyx{oxvxostzormox{uspx|qo
mpqt3nupqFstxtpmuvx
cMMPQ[^SW[UcOXONUNQM[SXONPOUMNU[MQY^PQ[U[MVSW[SPVOUNU[M
^QXU[MScPO\UikQ[MNSMVSW[~PVOSgMWU[MU[Q[MNQMXOVORUijSMQMN]PUWRQMUM
ZO\WVOUMNSMVSWRPURS
cMMScPO\URSPOQNUNQMNQMXONQPUWiUM^SPMQY^PQ[UMcPU[OXQOPUM
WSMVSW[~PVOSMSPYUNSM^SPMQY^PQ[U[McPU[OXQOPU[MQMQ[RPUW\QOPU[gM
Sc[QPZUNSMSMNO[^S[RSMWSMOWVO[SMMQ
cMMVSW[ROR]OijSMQMPQ\O[RPSMNSMVSW[~PVOSMUWRQ[MNUMVQXQcPUijSM
NSMVSWRPURSd
aUP\PUSMbWOVSdMOVUMOY^QNONUMUM^UPROVO^UijSMNQMQY^PQ[UM
VSW[SPVOUNUgMWUMYQ[YUMXOVORUijSgM^SPMOWRQPYTNOSMNQMYUO[MNQM]YM
VSW[~PVOSMS]MO[SXUNUYQWRQd
PRdM07dMMU[QMQRQPWUMNSM^PQ\jSgMWUMSPYUMQXQRPWOVUgM[QPM
OWOVOUNUMVSYMUMVSWZSVUijSMNS[MOWRQPQ[[UNS[M^SPMYQOSMNQM^]cXOVUijSM
NQMUZO[SgMSc[QPZUNS[MS[MZUXSPQ[MQ[ROYUNS[M^UPUMVSWRPURUijSMQMS[M
YQOS[MNQMNOZ]X\UijSMUM[Q\]OPMOWNOVUNS[_
MMURTM7MfedeeegeeM[QO[VQWRS[MQMVOW]QWRUMYOXMPQUO[_
xoOuvuqobspux{orxotuqom
cMYQOSMQXQRPWOVSgMWUMOWRQPWQR
MMUVOYUMNQM7MfedeeegeeM[QO[VQWRS[MQMVOW]QWRUMYOXMPQUO[M
URTM7M0d6eedeeegeeM]YMYOXfjSMQMRPQQWRS[MYOXMPQUO[_
xoOuvuqobspux{orxotuq
cMYQOSMQXQRPWOVSgMWUMOWRQPWQRMQ
VMhSPWUXMNQM\PUWNQMVOPV]XUijSMXSVUX
MM[]^QPOSPQ[MUM7M0d6eedeeegeeM]YMYOXfjSMQMRPQQWRS[MYOXM
PQUO[_
xoOuvuqobspux{orxotuq
cMYQOSMQXQRPWOVSgMWUMOWRQPWQRMQ
VMhSPWUXMNQM\PUWNQMVOPV]XUijSMPQ\OSWUXMS]MWUVOSWUXd
M0SML[M~P\jS[MS]MQWRONUNQ[MOWRQ\PUWRQ[MNSMMQMS[M]QM
UNQPOPQYMUSM[O[RQYUMNSMSZQPWSMQNQPUXMNO[^SWOcOXOUPjSMUMWRQ\PUM
NSMQNORUXgMQYMYQOSMQXQRPWOVSgMWSMaSPRUXMNQMSY^PU[MNSMSZQPWSM
QNQPUXMML6 a7egM[ROSMKKKdVSY^PU[WQRd\SZdcPd
MSoboxuzqorqomruyx{opqtymvoxormstu|qovmpuzxozspumtymo
QMVXUPUMNSMSchQRSgMUMOWNOVUijSMNS[MXSVUO[gMNOU[MQMfSPPOS[MQYM]QM
^SNQPM[QPMXONUMS]MScRONUMUMWRQ\PUMNSMQNORUXgMcQYMVSYSMSMQWNQPQiSM
QXQRPWOVSMSWNQMSVSPPQPMUM[Q[[jSM^bcXOVUgMUMNURUMQMfSPUMNQM[]UM
PQUXOUijSMQMUMOWNOVUijSMNQM]QMSM^PQ\jSgMWUMSPYUMQXQRPWOVUgM[QPM
PQUXOUNSM^SPMYQOSMNUMOWRQPWQRd
M6SMM^]cXOVUijSMPQQPONUMWQ[RQMUPRO\SM^SNQPM[QPMQORUMQYM
zyuqzoqspuxuzorxoxrnutuzyvx|qol{upxotxoutymvtmyormzrmomo
pmvyuspxrqoruwuyx{nmtymoqvoxyqvurxrmopmvyuspxrqvxopvmrmtpuxrxo
WSM8YcORSMNUMWPUe[RP]R]PUMNQMfUZQ[MabcXOVU[MPU[OXQOPUMMa
PU[OXd
MSobovxqosxrqoxvxoxoxvmzmtyx|qorxzovqqzyxzopqtyxrqo
UM^UPROPMNUM^]cXOVUijSMNSMUZO[SgMWjSM[QPMOWQPOSPMUMSORSMNOU[MbRQO[d
MfSMSNS[MS[MfSPPOS[MQ[RUcQXQVONS[MWSMQNORUXgMWSMUZO[SMQM
N]PUWRQMUM[Q[[jSM^bcXOVUMSc[QPZUPjSgM^UPUMRSNS[MS[MQQORS[gMSM
fSPPOSMNQMPU[XOUgM`O[RPORSMQNQPUXgMOWVX][OZQM^UPUMVSWRU\QYMNQM
RQY^SMQMPQ\O[RPSMWSM[O[RQYUMQXQRPWOVSMQMWUMNSV]YQWRUijSMPQXUROZUM
USMVQPRUYQd


MSMUMNOZ]X\UijSMNQM^PQ\jSMPQUXOUNSM^UPUMSM[O[RQYUMNQM
PQ\O[RPSMNQM^PQiS[gMOWNQ^QWNQWRQYQWRQMNSMZUXSPMQ[ROYUNSgM[QPM
UNSRUNSMSMNO[^S[RSMWSMOWVO[SMd
vyooyorquzoruxzoymuzoxtymzorxorxyxosxrxoxvxoxlmvyvxo
NUM[Q[[jSM^bcXOVUgM]UX]QPM^Q[[SUM^SNQPMOY^]\WUPMSMURSM
VSWZSVUR~POSMNSM^PQ\jSgMWUMSPYUMQXQRPWOVUdM
M0SMUcQPMUSM^PQ\SQOPSgMU]OXOUNSM^QXSM[QRSPMPQ[^SW[ZQXM
^QXUMQXUcSPUijSMNSMQNORUXgMNQVONOPM[ScPQMUMOY^]\WUijSMWSM^PUSMNQM
URTMZOWRQMQM]URPSMfSPU[d
MSMVSXfONUMUMOY^]\WUijSMVSWRPUMSMURSMVSWZSVUR~POSgM[QPM
rmsturxomol{upxrxotqxorxyxoxvxovmx{ux|qorqopmvyxnm
PRdM01dML[M^QNONS[MNQMQ[VXUPQVOYQWRS[MPQQPQWRQ[MUSM
^PSVQ[[SMXOVORUR~POSMNQZQPjSM[QPMQWZOUNS[MUSM^PQ\SQOPSgMURTMRP[M
ruxzoymuzoxtymvuqvmzoZorxyxosxrxoxvxoxlmvyvxorxozmzzqol{upxo
QVX][OZUYQWRQM^SPMYQOSMQXQRPWOVSMZOUMOWRQPWQRgMWSMQWNQPQiSM
OWNOVUNSMWSMQNORUXd
vyoo9x{mvonqruspx|qotqomruyx{omuwmoru{wx|qom{qo
YQ[YSMOW[RP]YQWRSMNQM^]cXOVUijSMQYM]QM[QMNQ]MSMRQRSMSPO\OWUXgM
PQUcPOWNS[QMSM^PUSMOWOVOUXYQWRQMQ[RUcQXQVONSgMQVQRSM]UWNSgM
OW]Q[ROSWUZQXYQWRQgMUMUXRQPUijSMWjSMUQRUPMUMSPY]XUijSMNU[M
^PS^S[RU[d
PRdM0dM^~[MUMNOZ]X\UijSMNSMQNORUXMWSMQWNQPQiSMQXQRPWOVSgM
S[MXOVORUWRQ[MNQZQPjSMQWVUYOWfUPM^PS^S[RUMVSYMUMNQ[VPOijSMNSM
SchQRSMSQPRUNSMQMSM^PQiSMQgM[QMSPMSMVU[SgMSMPQ[^QVROZSMUWQSgMURTM
UMNURUMQMfSPUMYUPVUNU[M^UPUMUcQPR]PUMNUM[Q[[jSgMQVX][OZUYQWRQM
^SPMYQOSMNSM[O[RQYUMQXQRPWOVSgM]UWNSgMQWRjSgMQWVQPPUP[QgM
U]RSYUROVUYQWRQgMUMU[QMNQMPQVQcOYQWRSMNQM^PS^S[RU[d
M0SMM^UPROVO^UijSMWSM^PQ\jSMQXQRPWOVSMNUP[QM^QXUM
]ROXOUijSMNUM[QWfUM^POZUROZUMNSMXOVORUWRQd
MSMaUPUM^UPROVO^UijSMWSM^PQ\jSMQXQRPWOVSgMSMXOVORUWRQMNQZQPM
YUWOQ[RUPgMQYMVUY^SM^P~^POSMNSM[O[RQYUMQXQRPWOVSgM]QMV]Y^PQM
^XQWUYQWRQMS[MPQ]O[ORS[MNQMfUcOXORUijSMQM]QM[]UM^PS^S[RUMQ[RM
QYMVSWSPYONUNQMVSYMU[MQO\WVOU[MNSMOW[RP]YQWRSMVSWZSVUR~POSd
M6SMMNQVXUPUijSMUX[UMPQXUROZUMUSMV]Y^POYQWRSMNS[MPQ]O[ORS[M
NQMfUcOXORUijSMQM^PS^S[RUM[]hQORUPMSMXOVORUWRQM[M[UWikQ[M^PQZO[RU[M
WQ[RQM`QVPQRSd
MSMRTMUMUcQPR]PUMNUM[Q[[jSgMS[MXOVORUWRQ[M^SNQPjSMPQROPUPMS]M
[]c[ROR]OPMUM^PS^S[RUMUWRQPOSPYQWRQMU^PQ[QWRUNUd
PRdMdMM^UPROPMNSMfSPPOSM^PQZO[RSMWSMQNORUXgMUM[Q[[jSM^bcXOVUM
WUMOWRQPWQRM[QPMUcQPRUM^SPMVSYUWNSMNSM^PQ\SQOPSMVSYMUM]ROXOUijSM
NQM[]UMVfUZQMNQMUVQ[[SMQM[QWfUd
M0SML[MXOVORUWRQ[M^SNQPjSM^UPROVO^UPMNUM[Q[[jSM^bcXOVUMWUM
OWRQPWQRgMNQZQWNSM]ROXOUPM[]UMVfUZQMNQMUVQ[[SMQM[QWfUd
MSobovmwqmuvqomvuspxvoxzovqqzyxzoxvmzmtyxrxzo
rmzp{xzzuspxtrqoxm{xzomotqomzymxnomnopqtqvnurxrmopqno
S[MPQ]O[ORS[MQ[RUcQXQVONS[MWSMQNORUXd
M6Soormzp{xzzuspx|qormovqqzyxozmvozmnvmotrxnmtyxrxo
QMPQ\O[RPUNUMWSM[O[RQYUgMVSYMUVSY^UWfUYQWRSMQYMRQY^SMPQUXM^SPM
RSNS[MS[M^UPROVO^UWRQ[d
MSM[M^PS^S[RU[MVSWRQWNSMUMNQ[VPOijSMNSMSchQRSgMZUXSPMQM
QZQWR]UO[MUWQS[MQ[RUPjSMNO[^SWZQO[MWUMOWRQPWQRd
MfSMLM[O[RQYUMNO[^SWOcOXOUPMVUY^SM^P~^POSM^UPUMRPSVUMNQM
YQW[U\QW[MQWRPQMSM^PQ\SQOPSMQMS[MXOVORUWRQ[d
PRdM6dMLM[O[RQYUMSPNQWUPgMU]RSYUROVUYQWRQgMU[M^PS^S[RU[M
p{xzzuspxrxzom{qovmwqmuvqozmtrqomozqnmtymomzyxzoxvyupuxvqo
NUMU[QMNQMXUWVQd
vyoo{xzzuspxrxzoxzovqqzyxzoqovmwqmuvqorxvoutpuqoZo
U[QMVSY^QROROZUgM]UWNSMQWRjSMS[MXOVORUWRQ[M^SNQPjSMQWVUYOWfUPM
XUWVQ[MQVX][OZUYQWRQM^SPMYQOSMNSM[O[RQYUMQXQRPWOVSdM
V`

M0SMSM]QM[QMPQQPQMUS[MXUWVQ[gMSMXOVORUWRQM[QPMOYQNOURUYQWRQM
OWSPYUNSMNSM[Q]MPQVQcOYQWRSMQMNSMZUXSPMVSW[O\WUNSMWSMPQ\O[RPSd
MSML[MXOVORUWRQ[M^SNQPjSMSQPQVQPMXUWVQ[M[]VQ[[OZS[gM
qlzmvxrqzoqoqvvuqosxrqoxvxoxlmvyvxorxozmzzqomoxzovmwvxzo
Q[RUcQXQVONU[MWSMQNORUXd
M6SMLMXOVORUWRQM[SYQWRQM^SNQPMSQPQVQPMXUWVQMOWQPOSPMUSM
bXROYSM^SPMQXQMSQPRUNSMQMPQ\O[RPUNSM^QXSM[O[RQYUdM
MSMjSM[QPjSMUVQORS[MNSO[MS]MYUO[MXUWVQ[MO\]UO[gM^PQZUXQVQWNSM
U]QXQM]QMSPMPQVQcONSMQMPQ\O[RPUNSM^POYQOPSd
MfSM`]PUWRQMUM[Q[[jSM^bcXOVUgMS[MXOVORUWRQ[M[QPjSMOWSPYUNS[gM
QYMRQY^SMPQUXgMNSMZUXSPMNSMYQWSPMXUWVQMPQ\O[RPUNSgMZQNUNUMUM
urmtyuspx|qorqo{upuyxtym
MSMMQRU^UMNQMXUWVQ[MNUM[Q[[jSM^bcXOVUM[QPMQWVQPPUNUM^SPM
NQVO[jSMNSM^PQ\SQOPSd
M7SMLM[O[RQYUMQXQRPWOVSMQWVUYOWfUPMUZO[SMNQMQVfUYQWRSM
OYOWQWRQMNS[MXUWVQ[gMU^~[MSM]QMRPUW[VSPPQPM^QPSNSMNQMRQY^SMNQM
xyoyvutyxonutyqzox{mxyqvuxnmtymormymvnutxrqostrqoqox{ozmvo
U]RSYUROVUYQWRQMQWVQPPUNUMUMPQVQ^ijSMNQMXUWVQ[d
M2SM^~[MSMQWVQPPUYQWRSMNUMQRU^UMNQMXUWVQ[MNUM[Q[[jSM
^bcXOVUgMSM^PQ\SQOPSM^SNQPMQWVUYOWfUPgM^QXSM[O[RQYUMQXQRPWOVSgM
VSWRPU^PS^S[RUMUSMXOVORUWRQM]QMRQWfUMU^PQ[QWRUNSMXUWVQMYUO[M
ZUWRUhS[SgM^UPUM]QM[QhUMScRONUMYQXfSPM^PS^S[RUgMSc[QPZUNSMSM
VPORTPOSMNQMh]X\UYQWRSgMWjSM[QMUNYOROWNSMWQ\SVOUPMVSWNOikQ[M
NOQPQWRQ[MNU]QXU[M^PQZO[RU[MWSMQNORUXd
M1SMMWQ\SVOUijSM[QPMPQUXOUNUM^SPMYQOSMNSM[O[RQYUgM^SNQWNSM
[QPMUVSY^UWfUNUM^QXS[MNQYUO[MXOVORUWRQ[d
M0edMSMVU[SMNQMNQ[VSWQjSMNSM^PQ\SQOPSgMWSMNQVSPPQPMNUM
QRU^UMNQMXUWVQ[gM[QMSM[O[RQYUMQXQRPWOVSM^QPYUWQVQPMUVQ[[ZQXMUS[M
XOVORUWRQ[gMS[MXUWVQ[MVSWROW]UPjSM[QWNSMPQVQcONS[gM[QYM^PQh]SMNS[M
URS[MPQUXOUNS[d
M00dM]UWNSMUMNQ[VSWQjSMNSM^PQ\SQOPSM^QP[O[ROPM^SPMRQY^SM
[]^QPOSPMUMNQMYOW]RS[gMUM[Q[[jSMNSM^PQ\jSMWUMSPYUMQXQRPWOVUM[QPM
[][^QW[UMQMPQOWOVOUNUM[SYQWRQMU^~[MVSY]WOVUijSMUS[M^UPROVO^UWRQ[gM
WSMQWNQPQiSMQXQRPWOVSM]ROXOUNSM^UPUMNOZ]X\UijSd
PRdMfdMeWVQPPUNUMUMQRU^UMNQMXUWVQ[gMSM^PQ\SQOPSMQUYOWUPMUM
vqqzyxop{xzzuspxrxomnovunmuvqo{wxvoxtyqoZopqnxyulu{urxrmo
rqovm|qomnovm{x|qoxqomzyunxrqoxvxopqtyvxyx|qomomvuspxvoxo
fUcOXORUijSMNSMXOVORUWRQMVSWSPYQMNO[^S[OikQ[MNSMQNORUXd
M0Sooxlu{uyx|qorqzo{upuyxtymzozmvomvuspxrxoqvonmuqo
NSMgMWS[MNSV]YQWRS[M^SPMQXQMUcPUW\ONS[gM]UWNSMNS[M
^PSVQNOYQWRS[MXOVORUR~POS[MPQUXOUNS[M^SPM~P\jS[MOWRQ\PUWRQ[MNSM
MS]M^SPM~P\jS[MS]MQWRONUNQ[M]QMUNQPOPQYMUSMd
MSML[MNSV]YQWRS[MQO\ONS[M^UPUMfUcOXORUijSM]QMWjSMQ[RQhUYM
VSWRQY^XUNS[MWSMgMOWVX][OZQM]UWNSMfS]ZQPMWQVQ[[ONUNQMNQM
QWZOSMNQMUWQS[gMNQZQPjSM[QPMU^PQ[QWRUNS[MOWVX][OZQMZOUMUgMWSM
vxqormsturqotqomruyx{oxzozq{upuyx|qorqovmwqmuvqotqozuzymnxo
QXQRPWOVSd
M6SML[MNSV]YQWRS[MQMUWQS[MQO\ONS[gM]UWNSMPQYQRONS[MZOUM
UgMNQZQPjSM[QPMU^PQ[QWRUNS[MQYMSPO\OWUXMS]M^SPMV~^OUMU]RQWROVUNUgM
WS[M^PUS[MQ[RUcQXQVONS[MWSMQNORUXd
MSoxvxostzormoxlu{uyx|qoxomvuspx|qom{qovwqovqnqyqvo
rqopmvyxnmotqzozyuqzoqspuxuzormovwqzomomtyurxrmzomnuzzqvmzormo
VQPRONkQ[MVSW[ROR]OMYQOSMXQ\UXMNQM^PSZUd
MfSMQMUM^PS^S[RUMWjSMSPMUVQORZQXMS]M[QMSMXOVORUWRQMWjSMURQWNQPM
[MQO\WVOU[MfUcOXORUR~POU[gMSM^PQ\SQOPSMQUYOWUPMUM^PS^S[RUM
zlzmmtymomoxzzunozpmzzuxnmtymotxoqvrmnormop{xzzuspx|qo
URTMUMU^]PUijSMNQM]YUM^PS^S[RUM]QMURQWNUMUSMQNORUXd


MSMSMVU[SMNQMVSWRPURUijSMNQM[QPZOiS[MVSY]W[MQYM]QMUM
XQ\O[XUijSMS]MSMQNORUXMQOhUMU^PQ[QWRUijSMNQM^XUWOXfUMNQMVSY^S[OijSM
NQM^PQiS[gMQ[RUMNQZQPM[QPMQWVUYOWfUNUMNQMOYQNOURSM^SPMYQOSM
QXQRPWOVSgMVSYMS[MPQ[^QVROZS[MZUXSPQ[MPQUNQ]UNS[MUSMXUWVQM
ZQWVQNSPd
M7SMSM^PQ\jSgMWUMSPYUMQXQRPWOVUgMPQUXOUNSM^UPUMSM[O[RQYUM
NQMPQ\O[RPSMNQM^PQiS[gM]UWNSMUM^PS^S[RUMNSMXOVORUWRQMZQWVQNSPM
WjSMURQWNQPMUSM]UWRORUROZSMRSRUXMQ[ROYUNSM^UPUMUMVSWRPURUijSgM
vmzmuyxrxoxoqvrmnormop{xzzuspx|qoqrmvqozmvopqtqpxrqzo
RUWRS[MXOVORUWRQ[M]UWRS[MSPQYMWQVQ[[POS[M^UPUMUXVUWiUPMSMRSRUXM
Q[ROYUNSgMSc[QPZUNSMSM^PQiSMNUM^PS^S[RUMZQWVQNSPUd
M2SML[MNQYUO[M^PSVQNOYQWRS[MPQQPQWRQ[MUSM[O[RQYUMNQMPQ\O[RPSM
rmovm|qzospxnozlnmyurqzoZotqvnxomzmpspxomovmw{xnmtyxoqo
UPRdM0fMNUM9QOMWSM2dgMNQM0116d
M1SoqtzyxyxrqoqoxymtrunmtyqoZzomuwWtpuxzosxrxzotqomruyx{o
SMXOVORUWRQM[QPMNQVXUPUNSMZQWVQNSPd
PRdMdM`QVXUPUNSMSMZQWVQNSPgM]UX]QPMXOVORUWRQM^SNQPgM
N]PUWRQMUM[Q[[jSM^bcXOVUgMNQMSPYUMOYQNOURUMQMYSROZUNUgMQYMVUY^SM
^P~^POSMNSM[O[RQYUgMYUWOQ[RUPM[]UMOWRQWijSMNQMPQVSPPQPgM]UWNSM
XfQM[QPMVSWVQNONSMSM^PUSMNQMRP[MNOU[M^UPUMU^PQ[QWRUPMU[MPUkQ[M
rmovmpvzqospxtrqoqzormnxuzo{upuyxtymzormzrmo{qwqoutyunxrqzo
^UPUgM]QPQWNSgMU^PQ[QWRUPQYMVSWRPUPUkQ[MQYMO\]UXM^PUSgM]QM
VSYQiUPMUMVSWRUPMNSMRTPYOWSMNSM^PUSMNSMPQVSPPQWRQgM[QWNSXfQ[M
U[[Q\]PUNUMZO[RUMOYQNOURUMNS[MQXQYQWRS[MOWNO[^QW[ZQO[MMNQQ[UM
NS[M[Q][MOWRQPQ[[Q[d
M0SMMUXRUMNQMYUWOQ[RUijSMOYQNOURUMQMYSROZUNUMNSMXOVORUWRQM
]UWRSMMOWRQWijSMNQMPQVSPPQPgMWS[MRQPYS[MNSMVU^]RgMOY^SPRUPM
txormpxrWtpuxormzzmoruvmuyqospxtrqoqovmwqmuvqoxyqvuxrqoxo
UNh]NOVUPMSMSchQRSMUSMXOVORUWRQMNQVXUPUNSMZQWVQNSPd
MSMLMUVSXfOYQWRSMNQMPQV]P[SMOY^SPRUPMWUMOWZUXONUijSM
U^QWU[MNS[MURS[MOW[][VQRZQO[MNQMU^PSZQORUYQWRSd
M6SMSMh]X\UYQWRSMNUMfUcOXORUijSMQMNU[M^PS^S[RU[gMSM^PQ\SQOPSM
^SNQPM[UWUPMQPPS[MS]MUXfU[M]QMWjSMUXRQPQYMUM[]c[R8WVOUMNU[M
^PS^S[RU[gMNS[MNSV]YQWRS[MQM[]UMZUXONUNQMh]PNOVUgMYQNOUWRQM
NQ[^UVfSM]WNUYQWRUNSgMPQ\O[RPUNSMQYMURUMQMUVQ[[ZQXMUMRSNS[gM
xyvulutrqF{mzox{urxrmomomsppuxoxvxostzormoxlu{uyx|qomo
p{xzzuspx|q
PRdM7dM`QVONONS[MS[MPQV]P[S[MQMVSW[RURUNUMUMPQ\]XUPONUNQM
NS[MURS[M^PUROVUNS[gMUMU]RSPONUNQMVSY^QRQWRQMUNh]NOVUPMSMSchQRSMQM
fSYSXS\UPMSM^PSVQNOYQWRSMXOVORUR~POSd
M0SM^~[MUMfSYSXS\UijSMPQQPONUMWSMVU^]RgMSMUNh]NOVURPOSM
[QPMVSWZSVUNSM^UPUMU[[OWUPMSMVSWRPURSMS]MUMURUMNQMPQ\O[RPSMNQM
vm|qzotqovxqormsturqotqomruyx{
MSMUMU[[OWUR]PUMNSMVSWRPURSMS]MNUMURUMNQMPQ\O[RPSMNQM
^PQiS[gM[QPMQO\ONUMUMVSY^PSZUijSMNU[MVSWNOikQ[MNQMfUcOXORUijSM
VSW[O\WUNU[MWSMQNORUXgMU[M]UO[MNQZQPjSM[QPMYUWRONU[M^QXSMXOVORUWRQM
N]PUWRQMUMZO\WVOUMNSMVSWRPURSMS]MNUMURUMNQMPQ\O[RPSMNQM^PQiS[d
M6Sobomtpmrqvorxo{upuyx|qomotqosmvoxopqnvqx|qo
PQQPONUMWSMMSoqoxtrqoutzyuspxrxnmtymovmpzxvFzmoxoxzzutxvo
SMVSWRPURSMS]MUMURUMNQMPQ\O[RPSMNQM^PQiS[gM^SNQPM[QPMVSWZSVUNSM
qyvqo{upuyxtymormzrmomovmzmuyxrxoxoqvrmnormop{xzzuspx|qoxvxo
U^~[MVSY^PSZUNS[MS[MPQ]O[ORS[MfUcOXORUR~POS[MQMQORUMUMWQ\SVOUijSgM
U[[OWUPMSMVSWRPURSMS]MUMURUMNQMPQ\O[RPSMNQM^PQiS[gM[QYM^PQh]SMNU[M
Y]XRU[M^PQZO[RU[MQYMQNORUXMQMWSMVSWRPURSMQMNU[MNQYUO[MVSYOWUikQ[M
XQ\UO[d
MSMLM^PUSMNQMZUXONUNQMNU[M^PS^S[RU[M[QPMNQM[Q[[QWRUMNOU[gM
zx{qoruzqzu|qomzmpspxorqomruyx{
Vi

PRdM2dM]QXQM]QgMVSWZSVUNSMNQWRPSMNSM^PUSMNQMZUXONUNQM
NQM[]UM^PS^S[RUgMWjSMU[[OWUPMSMVSWRPURSMS]MURUMNQMPQ\O[RPSMNQM^PQiS[gM
NQOUPMNQMQWRPQ\UPMNSV]YQWRUijSMQO\ONUMWSMQNORUXgMU^PQ[QWRUPM
NSV]YQWRUijSMUX[UgMQW[QhUPMSMPQRUPNUYQWRSMNUMQQV]ijSMNQM[Q]M
SchQRSgMWjSMYUWROZQPMUM^PS^S[RUgMUXfUPMS]MPU]NUPMWUMQQV]ijSM
rqopqtyvxyqopqnqvyxvFzmormonqrqoutur3tmqosmvormp{xvx|qo
x{zxoqopqnmymvovxrmoszpx{owxvxtyurqoqoruvmuyqoZoxn{xormmzxo
spxvounmrurqormo{upuyxvomormopqtyvxyxvopqnoxotuqomozmvo
NQ[VPQNQWVOUNSMWSMgM^QXSM^PUSMNQMURTMVOWVSMUWS[gM[QYM
^PQh]SMNU[MY]XRU[M^PQZO[RU[MQYMQNORUXMQMWSMVSWRPURSMQMNU[MNQYUO[M
VSYOWUikQ[MXQ\UO[d
aUP\PUSMbWOVSdM[M^QWUXONUNQ[M[QPjSMScPO\URSPOUYQWRQM
PQ\O[RPUNU[MWSMd
PRdM 1dMM U]RSPONUNQM VSY^QRQWRQM ^UPUM U^PSZUijSM NSM
^PSVQNOYQWRSMXOVORUR~POSM[SYQWRQM^SNQPMPQZS\XSMQYMUVQMNQM
PUkQ[MNQMOWRQPQ[[QM^bcXOVSgM^SPMYSROZSMNQMURSM[]^QPZQWOQWRQM
rmurxnmtymopqnvqxrqomvyutmtymomozspumtymoxvxozyuspxvo
RUXMVSWN]RUgMNQZQWNSMUW]XXSM^SPMOXQ\UXONUNQgMNQMSVOSMS]M
^SPM^PSZSVUijSMNQM]UX]QPM^Q[[SUgMYQNOUWRQMURSMQ[VPORSMQM
]WNUYQWRUNSd
M0SMMUW]XUijSMNSM^PSVQNOYQWRSMXOVORUR~POSMOWN]MMNSMVSWRPURSM
S]MNUMURUMNQMPQ\O[RPSMNQM^PQiS[d
MSML[MXOVORUWRQ[MWjSMRQPjSMNOPQORSMMOWNQWOUijSMQYM
NQVSPPWVOUMNUMUW]XUijSMNSM^PSVQNOYQWRSMXOVORUR~POSgMPQ[[UXZUNSM
SMNOPQORSMNSMVSWRPURUNSMNQMcSUTMNQM[QPMPQ[[UPVONSM^QXS[MQWVUP\S[M
]QMROZQPM[]^SPRUNSMWSMV]Y^POYQWRSMNSMVSWRPURSd
PRdM6edMLM^PSVQ[[SMXOVORUR~POSM[QPMOW[RP]NSMVSYMS[M[Q\]OWRQ[M
NSV]YQWRS[_M
oFozyuspxyuxorxopqtyvxyx|q
MMRQPYSMNQMPQQPWVOU
MM^XUWOXfU[MNQMV][RSgM]UWNSMSPMSMVU[S
cMM^PQZO[jSMNQMPQV]P[S[MSPiUYQWRPOS[gMVSYMUMOWNOVUijSMNU[M
PQ[^QVROZU[MP]cPOVU[
cMMU]RSPOUijSMNQMUcQPR]PUMNUMXOVORUijS
cMMNQ[O\WUijSMNSM^PQ\SQOPSMQMQ]O^QMNQMU^SOS
cMMQNORUXMQMPQ[^QVROZS[MUWQS[gM]UWNSMSPMSMVU[S
cMMYOW]RUMNSMRQPYSMNSMVSWRPURSMS]MOW[RP]YQWRSMQ]OZUXQWRQgM
S]MYOW]RUMNUMURUMNQMPQ\O[RPSMNQM^PQiS[gMVSWSPYQMSMVU[S
MM^UPQVQPMh]PNOVSM
MMNSV]YQWRUijSMQO\ONUM^UPUMUMfUcOXORUijS
MMURUMVSWRQWNSMS[M[Q\]OWRQ[MPQ\O[RPS[_
UMXOVORUWRQ[M^UPROVO^UWRQ[
cM^PS^S[RU[MU^PQ[QWRUNU[
po{xtpmzoqmvyxrqzotxoqvrmnormop{xzzuspx|q
NMUVQORUcOXONUNQMNUM^PS^S[RUMNQM^PQiS
QMfUcOXORUijSMQ
MPQV]P[S[MOWRQP^S[RS[gMPQ[^QVROZU[MUWXO[Q[MQMNQVO[kQ[
MMVSY^PSZUWRQ[MNU[M^]cXOVUikQ[_M
UMNSMUZO[SMNSMQNORUX
cMNSMPQ[]XRUNSMNUMXOVORUijS
VMNSMQRPURSMNSMVSWRPURSMQ
NMNS[MNQYUO[MURS[MQYM]QM[QhUMQO\ONUMUM^]cXOVONUNQgM
VSWSPYQMSMVU[Sd
M0SMLM^PSVQ[[SMXOVORUR~POSM^SNQPM[QPMPQUXOUNSM^SPMYQOSMNQM
[O[RQYUMQXQRPWOVSgM[QWNSM]QMS[MURS[MQMNSV]YQWRS[MPQQPONS[M
WQ[RQMUPRO\SMVSW[RUWRQ[MNS[MUP]OZS[MQMPQ\O[RPS[MNO\ORUO[M[QPjSM
ZXONS[M^UPUMRSNS[MS[MQQORS[MXQ\UO[gMOWVX][OZQM^UPUMVSY^PSZUijSM
QM^PQ[RUijSMNQMVSWRU[d
MSML[MUP]OZS[MQMPQ\O[RPS[MNO\ORUO[gMPQXUROZS[MUSM^PSVQ[[SM
XOVORUR~POSgMNQZQPjSM^QPYUWQVQPMMNO[^S[OijSMNU[MU]NORSPOU[MOWRQPWU[M
QMQRQPWU[d


M6SMMURUM[QPMNO[^SWOcOXOUNUMWUMOWRQPWQRM^UPUMUVQ[[SMXOZPQgM
OYQNOURUYQWRQMU^~[MSMQWVQPPUYQWRSMNUM[Q[[jSM^bcXOVUd
PRdM60dMLM6 OWO[RTPOSMNSMaXUWQhUYQWRSgMLPiUYQWRSMQMQ[RjSM
Q[RUcQXQVQPMOW[RP]ikQ[MVSY^XQYQWRUPQ[MUSMNO[^S[RSMWQ[RQM`QVPQRSd
PRdM6dMe[RQM`QVPQRSMQWRPUMQYMZO\SPMQYM0SMNQMh]XfSMNQMeefd
PRdM66dMOVUMPQZS\UNSMSM`QVPQRSMWSM6d17gMNQM0MNQMNQQYcPSM
NQMeeed
PU[XOUgMNQMNQMeefM02SMNUMWNQ^QWNWVOUMQM007SMNUM
7Q^bcXOVUd
95NMOLM959M`M9c
DBPD@BAD

EF67JGJKH6<J7H6J6<
6JH6IH61<KF6
65
eWRONUNQ[MaUPUQ[RURUO[_M6 ]ORSMQYcSPUMWjSMQO[RUMVSW[QW[SMWUM
NS]RPOWUMUNYOWO[RPUROZUM[ScPQMeWRONUNQ[MaUPUQ[RURUO[gMUNSRUYS[MSM
QWRQWNOYQWRSM]QMWS[M^UPQVQMYUhSPORPOSgM[Q\]WNSMSM]UXM[QMQW
xrvxnotqopqtpmuyqomp{zuxnmtymomzzqxzovuxrxzozmnostzo
X]VPUROZS[gM]QMQQPVQYMUROZONUNQ[MNQMOWRQPQ[[QMVSXQROZSgMYU[MWjSM
QVX][OZU[MNUMNYOWO[RPUijSMabcXOVUgMPQVQcQWNSM^UPUMRUWRSgMVSW
RPU^UPRONUMNSM^SNQPM^bcXOVSM^UPUM[Q]MPQ\]XUPM]WVOSWUYQWRSd
[MQWRONUNQ[M^UPUQ[RURUO[M^QPRQWVQYMUSMVfUYUNSM9RQPVQOPSM[Q
yqvomoqrmnozmvormsturqzopqnoxm{mopqnqzyqoqvomtyurxrmzo
^POZUNU[MNUM[SVOQNUNQMVOZOXMSP\UWOUNUgM]QMUR]UYMWUM^PQ[RUijSM
NQM[QPZOiS[M^bcXOVS[MNQMPQXQZUWRQMOWRQPQ[[QM[SVOUXgM^SPMOWOVOUROZUM
mp{zuxnmtymovuxrxozmnostzo{pvxyuqzoqvnoutpmtyuxrxzo
^QXSMe[RUNSd
LP\UWOUikQ[MSVOUO[_MSPUYMVPOUNU[M^QXUM9QOM1d71e0111gMQM
tqozmoyvxyxomzmpuspxnmtymormonxotqxopxymwqvuxormomzzqxo
vrupxonxzozunonxox{uspx|qomzmpux{onxomzpumormoyy{qo
h]PNOVSMVSWVQNONSMNQMYSNSMNO[VPOVOSWPOSM^QXUMNYOWO[RPUijSMab
l{upxoxormymvnutxrxzomtyurxrmzormovmwunmovuxrqozmnostzo{pvxyu
ZS[gM]QMURQWNUYMVQPRU[MQO\WVOU[M^PQZO[RU[MQYMXQOdM
jSM[jSMOWRQ\PUWRQ[MNUMUNYOWO[RPUijSMNOPQRUMS]MOWNOPQRUgM[jSM
mtyurxrmzorxoutupuxyuxovuxrxomozmnostzo{pvxyuqzoxzzqpuxn
[QMUSMe[RUNSgMPQVQcQWNSMU]OXOSMQMSYQWRSM^UPUM]QM^S[[UM[QPMPQU
XOUNU[MUROZONUNQ[MNQMOWRQPQ[[QMVSXQROZSd
[MLP\UWOUikQ[MSVOUO[MWjSM[jSMNQXQ\URPOU[MNQM[QPZOiSM^b
cXOVSgMU[[OYgMWjSMQQPVQYMUROZONUNQ[M^bcXOVU[MNQMROR]XUPONUNQMQ
VX][OZUMNSMe[RUNSgMYU[M[OYMUROZONUNQ[M^POZUNU[gMQYM[Q]M^P~^POSM
WSYQgMVSYMOWVQWROZS[MNSMaSNQPMabcXOVSd
Y^SPRUWRQMPO[UPM]QMU[MLP\UWOUikQ[MSVOUO[gM[jSMU[MbWOVU[M
QWRONUNQ[MNQMVUPRQPM^POZUNSM]QMVQXQcPUYMVSWRPURSMNQM\Q[RjSMVSYM
UMNYOWO[RPUijSMabcXOVUgMNQ[[UMSPYUgMRQYS[M]QMSMVSWRPURSMNQM
wmzyqoopqtru|qounvmzputrm{oxvxoxox{uspx|qorxomtyurx
NQMVSYSMSP\UWOUijSM[SVOUXMQMU[[OYgMU^RUMUMPQVQcQPMOWVQWROZS[MNSM
aSNQPMabcXOVSM^UPUM^SNQPMQQV]RUPM[]U[MUROZONUNQ[MUSMOWRQPQ[[QM^b
cXOVSd
{norqonxuzoxvxoxoqlymt|qorxox{uspx|qomuwurxootm
pmzzvuqomoxxoxovmw{xvoxvqx|qomvuspxrqzoxopqtmtuWtpuxomo
UMS^SPR]WONUNQgM^QXSMYOWO[RPSMS]MROR]XUPMNSM~P\jSM[]^QPZO[SPMS]MPQ
\]XUNSPMNUMPQUMNUMUROZONUNQMNQ[QWZSXZONUM^QXUMQWRONUNQgM]QMVSP
PQ[^SWNUMh][RUYQWRQMUSMSchQRSMNQMUR]UijSMNUMLP\UWOUijSMSVOUXd
Vn

SYSMU[MLP\UWOUikQ[MSVOUO[MPQVQcQYMPQV]P[S[M^bcXOVS[gMQ[
RjSMNQ[[UMSPYUM[]hQORU[MUMVSWRPSXQMNUM]ROXOUijSMNQMRUO[MOWVQWROZS[M
^QXSMPOc]WUXMNQMSWRU[MNUM5WOjSd
boqrmvompyuqoqrmvovqpmrmvoxutrxoxormzx{uspx|qo
NUMQWRONUNQMVSYSMSP\UWOUijSM[SVOUXgM]UWNSMVSW[RURUNSMSMNQ[
V]Y^POYQWRSMNU[MNO[^S[OikQ[MVSWRONU[MWSMVSWRPURSMNQM\Q[RjSd
LP\UWOUikQ[MNUMSVOQNUNQMOZOXMNQMWRQPQ[[QMabcXOVSML
a_MUO[MSP\UWOUikQ[gMNQZONUYQWRQMVPOUNU[M^QXUM9QOM1d71e0111gM
^S[RQPOSPYQWRQMPQ\]XUYQWRUNUM^QXSM`QVPQRSM6d0ee0111MOY^SP
RUWRQMQ[R]NUPgM^SNQYMUR]UPMQYMNOZQP[U[MPQU[gMNQ[NQM]QM[QhUMNQM
utymvmzzmozqpux{omopq{myuqomozmnvmozmnox{mvostx{urxrmormo
ScRQWijSMNQMX]VPSdM`Q[[UMYUWQOPUgMWjSM^SNQYMQQPVQPMUROZONUNQM
QVX][OZUMNSMe[RUNSgM]YUMZQM]QM[jSM^Q[[SU[M^POZUNU[MQMWjSMOWRQ
\PUWRQ[MNUMNYOWO[RPUijSMabcXOVUd
LMPQ\OYQMQ[RUcQXQVONSMU[MLP\UWOUikQ[MNUMSVOQNUNQMOZOXMNQM
tymvmzzmol{upqoolmnozmnm{xtymopqnoqomospqomzyxlm{mpurqo
^UPUMU[MLP\UWOUikQ[MSVOUO[dMYcU[MU[MSPYU[MNQMSP\UWOUijSgM
RPURU[QMNQM^Q[[SU[M^POZUNU[gM[QYMSchQROZSMX]VPUROZSgM]QMQQPVQYM
xyuurxrmzormoptqozqpux{omovmpmlmnoxvxoyxtyqonxox{uspx|qo
NSMaSNQPMabcXOVSd
eWRPQRUWRSgMU[MLP\UWOUikQ[MNUMSVOQNUNQMOZOXMNQMWRQPQ[[QM
abcXOVSMWjSMSPUYMVPOUNU[M^UPUM[]c[ROR]OPMUMUNYOWO[RPUijSM^bcXOVUgM
YQNOUWRQMUc[SPijSMNU[MUROZONUNQ[MNQ[QWZSXZONU[M^SPM~P\jS[MQMQWRO
NUNQ[MUNYOWO[RPUROZU[MUM[QPQYMQROWRU[dMe[[UMSPYUMNQM[]c[ROR]OijSM
SOM^XUWQhUNUMU^QWU[M^UPUMUMYSNUXONUNQMNQMLP\UWOUijSMSVOUXd
`OQPQWRQYQWRQMNU[MLP\UWOUikQ[MSVOUO[gMU[MLaQ[MNQVSP
PQMNQMURSMZOWV]XUNSMNSM^SNQPM^bcXOVSgMRQWNSMQYMZO[RUM]QM^UPUMUM
xvqx|qorxox{uspx|qootmpmzzvuqoqovmmtpunmtyqormoyqrqzo
S[MPQ]O[ORS[M^PQZO[RS[MQYMXQOd
LMZWV]XSMQWRPQMUMNYOWO[RPUijSMabcXOVUMQMU[MLaQ[gMOY
vmzputrm{oxvxoxoxvqx|qomox{uspx|qorxomtyurxrmomoxutrxo
^UPUM]QM^S[[UMPQVQcQPMS[MOWVQWROZS[M^bcXOVS[MNSMe[RUNSgMTMQ[RUcQ
XQVONSMYQNOUWRQMUMVQXQcPUijSMNQMRQPYSMNQM^UPVQPOUd
[MLP\UWOUikQ[MNUMSVOQNUNQMOZOXMNQMWRQPQ[[QMabcXOVSMQ[
yqozmuyqzoxqopqtyvq{momoszpx{ux|qorqo\vultx{ormoqtyxzorxo
5WOjSgMRQWNSMQYMZO[RUM]QMPQVQcQMPQV]P[S[M^bcXOVS[MWSMNQ[QWZSXZO
YQWRSMNQM[]U[MUROZONUNQ[d
MQWRONUNQM]QMNQ[V]Y^POPMU[MWSPYU[M^PQZO[RU[MQYMXQOM^QPNQPM
xox{uspx|qopqnqoqvwxtux|qorxozqpumrxrmopuu{ormoutymvmzzmo
^bcXOVSgMNOUWRQMNUMNQVO[jSM^PSQPONUMWS[MU]RS[MNSM^PSVQ[[SMUNYO
WO[RPUROZSMS]Mh]NOVOUXgMNQZONUYQWRQMOW[RU]PUNSMUM^QNONSMNSM6 OWO[
RTPOSMabcXOVSMS]MNQM]UX]QPMVONUNjSgM[QWNSMU[[Q\]PUNS[MUMQWRONU
NQMUMUY^XUMNQQ[UMQMSMVSWRPUNOR~POSd
RST
PURU[QMNQgMQWRPQMS]RPS[gMNSO[MNS[MOW[RP]YQWRS[Mh]PNOVS[MNQM
]QMNO[^kQMUMNYOWO[RPUijSMabcXOVUMWUMQQV]ijSMNQM[]U[MUROZONU
NQ[M^bcXOVU[M[jSgMQURUYQWRQgMS[MVSWZWOS[MQMVSW[~PVOS[MUNYOWO[
RPUROZS[gMYQOS[MNQMUijSMNUMNYOWO[RPUijSMURPUZT[MNS[M]UO[MQ[RUM
ScRTYMcQW[MQMPQV]P[S[MNQMRSNUMSPNQYgM]QM^PQVO[UM^UPUMOY^XUWRUPM
[Q][M^XUWS[gMVSWVPQROUPM[Q][M^PShQRS[gMVSWVX]OPM[Q][MQY^PQQWNO
YQWRS[MNQMWQVQ[[ONUNQMS]M]ROXONUNQM^bcXOVUd
L[MVSWZWOS[MQMVSW[~PVOS[MUNYOWO[RPUROZS[M[jSMOW[RP]YQWRS[M
]QM^QPYORQYMUM]YUMNQRQPYOWUNUM^Q[[SUMh]PNOVUMNQMNOPQORSM
^bcXOVSgMVSWh]\UPMQM]WOPMQ[SPiS[MVSYMS]RPS[MQWRQ[gMVSYMZO[RU[MM
PQUXOUijSMNQM]YMNQRQPYOWUNSMSchQROZSM]QMNOMVSYMSMOWRQPQ[[QM
^bcXOVSd


UMQ[QPUMNSMNOPQORSMUNYOWO[RPUROZSMWUVOSWUXgM[]P\QYgM]WNU
YQWRUXYQWRQgMVSYSMOW[RP]YQWRS[Mh]PNOVS[M]QM^QPYORQYMUMVSS
^QPUijSMNQMNOQPQWRQ[M^Q[[SU[MNQMNOPQORSM^bcXOVSgMS]MVSYSM[]\QPQM
UX\]W[MNS]RPOWUNSPQ[gMQWRPQMQ[RU[MQM^UPROV]XUPQ[d
Q[RQM[QWRONSgMOY^kQMMNYOWO[RPUijSMabcXOVUMRUPQU[MNUM
YUOSPMPQ[^SW[UcOXONUNQgMTM]QMQ[RQ[MOW[RP]YQWRS[MNQMVSS^QPUijSgM
QW]UWRSM^S[[OcOXORUYMUMVSWh]\UijSMNQMQ[SPiS[MQM]WOjSMNQMNOZQP
[S[MQWRQ[MWU]OXSM]QMO[SXUNUYQWRQMWjSM[jSMVU^UQ[MNQMPQUXOUPd
L[MVSWZWOS[MQYM^POYQOPSM^XUWSgMQMS[MVSW[~PVOS[MQYMYQWSPM
\PU]gM[jSMS[MOW[RP]YQWRS[Mh]PNOVS[M]QM^QPYORQYMVSYM]QM5WOjSgM
e[RUNS[MQM6 ]WOV^OS[MPQUXOQYMQ[SPiS[MVSWh]WRS[MWUMPQUXOUijSM
NSMOWRQPQ[[QM^bcXOVSdMUWRSMWU[MPQU[M]QMUMSW[ROR]OijSMQNQPUXM
OWNOVS]MUMVSY^QRWVOUMVSWVSPPQWRQMNQMRSNS[MS]MNQMNSO[MNS[MQWRQ[M
^bcXOVS[gM]UWRSMWU]QXU[MQYM]QgMQYcSPUMUMWSPYUMNQMVSY^QRW
VOUMOWNO]QM]YMQWRQMVSYSMPQ[^SW[ZQXgMUMPQUXOUijSMYURQPOUXMNUM
stx{urxrmol{upxoruopqnoqoutymvmzzmowmvx{omoqvyxtyqoyxnlno
U[[O[RUMUS[MNQYUO[MVSS^QPUPQYMWU]OXSM]QMSPM^S[[ZQXd
[[OYgMNOUWRQMNUMcPQZQMOWRPSN]ijSgMRQYS[MVSWVQOR]UXYQWRQM
]Q_
SWZWOS[MNYOWO[RPUROZS[oFozqoxpqvrqzosvnxrqzoqvomtyu
NUNQ[M^bcXOVU[MNQM]UX]QPMQ[^TVOQgMS]MQWRPQMQ[RU[MQMSP\UWOUikQ[M
^UPROV]XUPQ[gM^UPUMPQUXOUijSMNQMSchQROZS[MNQMOWRQPQ[[QMVSY]YMNS[M
^UPRVO^Q[d
SW[~PVOS[MNYOWO[RPUROZS[Fozqoxpqvrqzosvnxrqzomtyvmo
QWRONUNQ[MQ[RURUO[gMU]RP]OVU[gM]WNUVOSWUO[MS]M^UPUQ[RURUO[gM
[QY^PQMNUMYQ[YUMQ[^TVOQgM^UPUMPQUXOUijSMNQMSchQROZS[MNQMOWRQPQ[[QM
VSY]YMNS[M^UPRVO^Q[d
ScPQMUMXQ\O[XUijSMU^XOVZQXMUSMQPVQOPSMQRSPgMSMSPNQWUYQWRSM
h]PNOVSMUOWNUMWjSMVSY^OXS]MQYM]YUMbWOVUMXQOMRSNU[MU[MNO[^S[OikQ[M
xpmvpxorqoymnxomtyvmyxtyqospxovmw{xnmtyxrxormoqvnxowmtvupxo
^SPMYQOSMNUM9QOMQNQPUXMWM1d71e0111gM]QMNO[^kQM[ScPQMUM
x{uspx|qorxzomzzqxzovrupxzormoruvmuyqovuxrqomotqo
qzzmnostzo{pvxyuqzopqnqobvwxtux|}mzorxoqpumrxrmouu{ormo
WRQPQ[[QMabcXOVSgMOW[ROR]OWNSMQMNO[VO^XOWUNS[MSMQPYSMNQMaUPVQPOUM
UNSRUNS[M^UPUMUM^PROVUMNU[MUROZONUNQ[MURPOc]NU[MUSMQPVQOPSMQRSPgM
V]hSMRQRSMXQ\UXM[Q\]QMQYM[]UMWRQ\PUMUM[Q\]OP_
34 UC1I12 078
1U
Ouz}mozqlvmoxox{uspx|qormomzzqxzovrupxzormoruvmuyqo
vuxrqozmnostzo{pvxyuqzopqnqobvwxtux|}mzorxoqpumrxrmo
OZOXMNQMWRQPQ[[QMabcXOVSgMOW[ROR]OMQMNO[VO^XOWUMSMQPYSMNQMaUPVQPOUgM
QMNMS]RPU[M^PSZONWVOU[d

753146107 30UiSM[UcQPM]QMSM

SW\PQ[[SMUVOSWUXMNQVPQRUMQMQ]M[UWVOSWSMUM[Q\]OWRQM9QO_
G_7H6K
6UKKGH6GH! H6HIKH66
<HGKJJ6GK K
J6KI7JJ<<J6h1KGH
PRdM0Soqrmnox{uspxvFzmopqnqobvwxtux|}mzorxoqpumrxrmo
OZOXMNQMWRQPQ[[QMabcXOVSMU[M^Q[[SU[Mh]PNOVU[MNQMNOPQORSM^POZUNSgM
zmnostzo{pvxyuqzormzrmomoqzovmzmpyuqzoqlmyuqzozqpuxuzomo
WSPYU[MQ[RUR]RPOU[MURQWNUYMUS[MPQ]O[ORS[MOW[ROR]NS[M^SPMQ[RUM9QOd
M0Soxvxoqzommuyqzormzyxo[muopqtzurmvxFzmozmnostzo{pvxyuqzo
UM^Q[[SUMh]PNOVUMNQMNOPQORSM^POZUNSM]QMWjSMNO[RPOc]OgMQWRPQMS[M
[Q][M[~VOS[MS]MU[[SVOUNS[gMVSW[QXfQOPS[gMNOPQRSPQ[gMQY^PQ\UNS[MS]M
V

NSUNSPQ[gMQZQWR]UO[MQVQNQWRQ[MS^QPUVOSWUO[gMcP]RS[MS]MX]ONS[gM
ruurmtrqzolqtuspx|}mzoxvyupux|}mzoqoxvpm{xzorqozmo
^URPOYWOSgMU]QPONS[MYQNOUWRQMSMQQPVVOSMNQM[]U[MUROZONUNQ[gMQM
]QMS[MU^XOVUMOWRQ\PUXYQWRQMWUMVSW[QV]ijSMNSMPQ[^QVROZSMSchQRSM
[SVOUXd
MSooqyqvwxorxox{uspx|qovmuzyxotmzymoxvyuwqooxyqo
ZOWV]XUNSMUSMV]Y^POYQWRSMNS[MPQ]O[ORS[MOW[ROR]NS[M^SPMQ[RUM9QOd
PRdMSoPqozqoxzzmuzormox{uspx|qopqnqobvwxtux|}mzo
NUMSVOQNUNQMOZOXMNQMWRQPQ[[QMabcXOVSgMUOWNUM]QM[QMNQNO]QYMNQM
]UX]QPMSPYUM[MUROZONUNQ[MNQ[VPORU[MWSMUPRdM6SMNQ[RUM9QO_
MMU[M[SVOQNUNQ[MVSYQPVOUO[
MMS[M[OWNOVURS[gMU[MU[[SVOUikQ[MNQMVXU[[QMS]MNQMPQ^PQ[QWRUijSM
rmopxymwqvuxovqszzuqtx{
MMU[MOW[ROR]OikQ[MPQXO\OS[U[MS]MZSXRUNU[M^UPUMUMNO[[QYOWUijSM
NQMVPQNS[gMV]XRS[gM^PROVU[MQMZO[kQ[MNQZSVOSWUO[MQMVSWQ[[OSWUO[
cMMU[MSP\UWOUikQ[M^UPRONPOU[MQMU[[QYQXfUNU[gMOWVX][OZQM
[]U[M]WNUikQ[
cMMU[MQWRONUNQ[MNQMcQWQVOSMYbR]SMNQ[ROWUNU[MUM^PS^SPVOSWUPM
cQW[MS]M[QPZOiS[MUM]YMVPV]XSMPQ[RPORSMNQMU[[SVOUNS[MS]M[~VOS[
cMMU[MQWRONUNQ[MQMQY^PQ[U[M]QMVSYQPVOUXOUYM^XUWS[MNQM
[UbNQMQMU[[QYQXfUNS[
cMMU[MOW[ROR]OikQ[MfS[^ORUXUPQ[M^POZUNU[MWjSM\PUR]ORU[MQM[]U[M
YUWRQWQNSPU[
cMMU[MQ[VSXU[M^POZUNU[MNQNOVUNU[MUSMQW[OWSMSPYUXMWjSM
\PUR]ORSMQM[]U[MYUWRQWQNSPU[
MMU[MSP\UWOUikQ[M[SVOUO[
MMU[MVSS^QPUROZU[
MMU[M]WNUikQ[M^bcXOVU[
MMU[M]WNUikQ[gM[SVOQNUNQ[MVOZO[MS]MU[[SVOUikQ[MNQMNOPQORSM
^POZUNSMVPOUNU[M^SPM~P\jSM^bcXOVSMS]M^SPM]WNUikQ[M^bcXOVU[
MMU[MSP\UWOUikQ[MVPQNORVOU[M]QMRQWfUYM]UO[]QPMRO^SM
rmoutp{x|qopqnoqozuzymnxostxtpmuvqotxpuqtx{oxomozmovmmvmoqo
UPRdM01MNUMSW[ROR]OijSMQNQPUXdM
PRdM6Soox{uspx|qoutzyuyrxoqvomzyxo[muoqlzmvxrqo
QYM]UX]QPMVU[SgMSM^POWV^OSMNUM]WOZQP[UXOUijSMNS[M[QPZOiS[gM
WSMPQ[^QVROZSM8YcORSMNQMUR]UijSMNU[MLP\UWOUikQ[gM[SYQWRQM
zmvopqtmvurxoZzomzzqxzovrupxzormoruvmuyqovuxrqozmnostzo
X]VPUROZS[gMV]hS[MSchQROZS[M[SVOUO[MRQWfUYM^QXSMYQWS[M]YUMNU[M
zmwutymzostx{urxrmza
MM^PSYSijSMNUMU[[O[RWVOUM[SVOUX
MM^PSYSijSMNUMV]XR]PUgMNQQ[UMQMVSW[QPZUijSMNSM^URPOYWOSM
fO[R~POVSMQMUPR[ROVS
MM^PSYSijSM\PUR]ORUMNUMQN]VUijSgMSc[QPZUWNS[QMUMSPYUM
VSY^XQYQWRUPMNQM^UPROVO^UijSMNU[MSP\UWOUikQ[MNQM]QMRPURUMQ[RUM
9QO
cMM^PSYSijSM\PUR]ORUMNUM[UbNQgMSc[QPZUWNS[QMUMSPYUM
VSY^XQYQWRUPMNQM^UPROVO^UijSMNU[MSP\UWOUikQ[MNQM]QMRPURUMQ[RUM
9QO
cMM^PSYSijSMNUM[Q\]PUWiUMUXOYQWRUPMQMW]RPOVOSWUX
cMMNQQ[UgM^PQ[QPZUijSMQMVSW[QPZUijSMNSMYQOSMUYcOQWRQMQM
^PSYSijSMNSMNQ[QWZSXZOYQWRSM[][RQWRZQX
cMM^PSYSijSMNSMZSX]WRUPOUNS
cMM^PSYSijSMNSMNQ[QWZSXZOYQWRSMQVSWYOVSMQM[SVOUXMQM
VSYcURQMM^ScPQU
MMQ^QPOYQWRUijSgMWjSMX]VPUROZUgMNQMWSZS[MYSNQXS[M[~VOS
^PSN]ROZS[MQMNQM[O[RQYU[MUXRQPWUROZS[MNQM^PSN]ijSgMVSYTPVOSgM
QY^PQ\SMQMVPTNORS
MM^PSYSijSMNQMNOPQORS[MQ[RUcQXQVONS[gMVSW[RP]ijSMNQMWSZS[M
NOPQORS[MQMU[[Q[[SPOUMh]PNOVUM\PUR]ORUMNQMOWRQPQ[[QM[]^XQYQWRUP


MM^PSYSijSMNUMTROVUgMNUM^UgMNUMVONUNUWOUgMNS[MNOPQORS[M
f]YUWS[gMNUMNQYSVPUVOUMQMNQMS]RPS[MZUXSPQ[M]WOZQP[UO[
MMQ[R]NS[MQM^Q[]O[U[gMNQ[QWZSXZOYQWRSMNQMRQVWSXS\OU[M
UXRQPWUROZU[gM ^PSN]ijSM QM NOZ]X\UijSM NQM OWSPYUikQ[M QM
pqtmpunmtyqzoyptupqzomopumtyspqzomoruwxnovmzmuyqoZzo
UROZONUNQ[MYQWVOSWUNU[MWQ[RQMUPRO\Sd
xvwvxqotupqoxvxoqzostzormzymoxvyuwqoxormrupx|qoZzo
xyuurxrmzotm{movmuzyxzopqtswvxFzmonmruxtymoxommp|qoruvmyxo
NQM^PShQRS[gM^PS\PUYU[gM^XUWS[MNQMUikQ[MVSPPQXURU[gM^SPMYQOSMNUM
rqx|qormovmpvzqzozupqzonxtqzomostxtpmuvqzoqoxutrxom{xo
^PQ[RUijSMNQM[QPZOiS[MOWRQPYQNOPOS[MNQMU^SOSMUMS]RPU[MSP\UWOUikQ[M
zmnostzo{pvxyuqzomoxovwqzorqozmyqvol{upqomoxymnomnovmxzo
xstz
PRdMSMRQWNONSMSMNO[^S[RSMWSMUPRdM6SgMQO\Q[QMUOWNUgM^UPUM
x{uspxvmnFzmopqnqobvwxtux|}mzorxoqpumrxrmouu{ormotymvmzzmo
abcXOVSgM]QMU[M^Q[[SU[Mh]PNOVU[MOWRQPQ[[UNU[M[QhUYMPQ\ONU[M^SPM
Q[RUR]RS[MV]hU[MWSPYU[MQ^PQ[[UYQWRQMNO[^SWfUYM[ScPQ_
MMUMSc[QPZ8WVOUMNS[M^POWV^OS[MNUMXQ\UXONUNQgMOY^Q[[SUXONUNQgM
nqvx{urxrmol{upurxrmompqtqnupurxrmomorxomspuWtpux
MMUMUNSijSMNQM^PROVU[MNQM\Q[RjSMUNYOWO[RPUROZUgMWQVQ[[POU[MQM
zspumtymzoxopquluvoxoqlymt|qormoqvnxoutruurx{oqopq{myuxormo
cQWQVOS[MS]MZUWRU\QW[M^Q[[SUO[gMQYMNQVSPPWVOUMNUM^UPROVO^UijSM
WSMPQ[^QVROZSM^PSVQ[[SMNQVO[~POS
oFoxopqtzyuyu|qormopqtzm{qoszpx{oqovwqomux{mtymo
NSRUNSMNQMVSY^QRWVOUM^UPUMS^OWUPM[ScPQMS[MPQXUR~POS[MNQM
rmzmnmtqo stxtpmuvqo mo pqtylu{o mo zqlvmo xzo qmvx|}mzo
^URPOYSWOUO[MPQUXOUNU[gMQYOROWNSM^UPQVQPQ[M^UPUMS[MSP\UWO[YS[M
[]^QPOSPQ[MNUMQWRONUNQ
cMMUM^PQZO[jSMNQM]QgMQYMVU[SMNQMNO[[SX]ijSMNUMQWRONUNQgM
SMPQ[^QVROZSM^URPOYWOSMX]ONSM[QPMRPUW[QPONSMUMS]RPUM^Q[[SUM
vrupxox{uspxrxotqzoymvnqzormzyxo[muovmmvmtpux{nmtymomo
RQWfUMSMYQ[YSMSchQRSM[SVOUXMNUMQROWRU
cMMUM^PQZO[jSMNQM]QgMWUMfO^~RQ[QMNQMUM^Q[[SUMh]PNOVUM^QPNQPMUM
x{uspx|qoutzyuyrxoqvomzyxo[muoqovmzmpyuqoxpmvqoxyvunqtux{o
NO[^SWZQXgMUN]OPONSMVSYMPQV]P[S[M^bcXOVS[MN]PUWRQMSM^QPSNSMQYM
momvrvqoxm{xox{uspx|qozmvoyvxtzmvurqoxoqyvxomzzqxo
vrupxox{uspxrxotqzoymvnqzormzyxo[muovmmvmtpux{nmtymomo
RQWfUMSMYQ[YSMSchQRSM[SVOUX
cMMUM^S[[OcOXONUNQMNQM[QMOW[ROR]OPMPQY]WQPUijSM^UPUMS[M
NOPO\QWRQ[MNUMQWRONUNQM]QMUR]QYMQQROZUYQWRQMWUM\Q[RjSMQQV]ROZUM
moxvxoxm{mzomoxom{xovmzyxnozmvu|qzomzmpspqzovmzmuyxrqzo
QYMUYcS[MS[MVU[S[gMS[MZUXSPQ[M^PUROVUNS[M^QXSMYQPVUNSgMWUMPQ\OjSM
VSPPQ[^SWNQWRQMUM[]UMPQUMNQMUR]UijS
cMMU[MWSPYU[MNQM^PQ[RUijSMNQMVSWRU[MUM[QPQYMSc[QPZUNU[M
^QXUMQWRONUNQgM]QMNQRQPYOWUPjSgMWSMYWOYS_
UMUMSc[QPZ8WVOUMNS[M^POWV^OS[M]WNUYQWRUO[MNQMVSWRUcOXONUNQM
QMNU[MSPYU[MPU[OXQOPU[MNQMSWRUcOXONUNQ
lomozmorWol{upurxrmoqvox{mvonmuqomspxotqo
mtpmvvxnmtyqorqommvppuqoszpx{oxqovm{xyvuqormoxyuurxrmzomorxzo
rmnqtzyvx|}mzostxtpmuvxzorxomtyurxrmoutp{utrqFzmoxzopmvyur}mzo
WQ\UROZU[MNQMNTcORS[Mh]WRSMUSMMQMUSMgMVSXSVUWNSS[MM
NO[^S[OijSM^UPUMQUYQMNQM]UX]QPMVONUNjS
VMUMPQUXOUijSMNQMU]NORSPOUgMOWVX][OZQM^SPMU]NORSPQ[MQRQPWS[M
OWNQ^QWNQWRQ[M[QMSPMSMVU[SgMNUMU^XOVUijSMNS[MQZQWR]UO[MPQV]P[S[M
SchQRSMNSMRQPYSMNQM^UPVQPOUMVSWSPYQM^PQZO[RSMQYMPQ\]XUYQWRS
NMUM^PQ[RUijSMNQMVSWRU[MNQMRSNS[MS[MPQV]P[S[MQMcQW[MNQMSPO\QYM
^bcXOVUMPQVQcONS[M^QXU[MLP\UWOUikQ[MNUMSVOQNUNQMOZOXMNQM
WRQPQ[[QMabcXOVSM[QPMQORUMVSWSPYQMNQRQPYOWUMSM^UP\PUSMbWOVSM
NSMUPRdM7eMNUMSW[ROR]OijSMQNQPUXd
V

xvwvxqotupqoComvnuyurxoxoxvyupux|qormozmvurqvmzo
^bcXOVS[MWUMVSY^S[OijSMNQMVSW[QXfSMNQMLP\UWOUijSMNUMSVOQNUNQM
OZOXMNQMWRQPQ[[QMabcXOVSgMZQNUNUMUM^QPVQ^ijSMNQMPQY]WQPUijSMS]M
[]c[NOSgMUM]UX]QPMRR]XSdM
PRdMfSM]Y^PONS[MS[MPQ]O[ORS[MNS[MUPR[dM6SMQMSMNQ[RUM9QOgMUM
mzzqxovrupxormoruvmuyqovuxrqozmnostzo{pvxyuqzoutymvmzzxrxo
mnoqlymvoxox{uspx|qoutzyuyrxoqvomzyxo[muormmvoqvn{xvo
PQ]QPOYQWRSMQ[VPORSMUSM6 OWO[RTPOSMNUM
][ROiUgMOW[RP]NSMVSYM
V~^OU[MU]RQWROVUNU[MNS[M[Q\]OWRQ[MNSV]YQWRS[_
MMQ[RUR]RSMPQ\O[RPUNSMQYMVUPR~POS
MMURUMNQMQXQOijSMNQM[]UMUR]UXMNOPQRSPOU
MMcUXUWiSM^URPOYSWOUXMQMNQYSW[RPUijSMNSMPQ[]XRUNSMNSM
QQPVVOS
cMMNQVXUPUijSMNQMO[QWijSMNSMOY^S[RSMNQMPQWNU
cMMOW[VPOijSMWSMUNU[RPSMQPUXMNQMSWRPOc]OWRQ[d
PRdMSM7QVQcONSMSMPQ]QPOYQWRSM^PQZO[RSMWSMUPRO\SMUWRQPOSPgM
SM6 OWO[RTPOSMNUM
][ROiUMNQVONOPgMWSM^PUSMNQMRPOWRUMNOU[gMNQQPOWNSM
S]MWjSMSM^QNONSd
M0SMSMVU[SMNQMNQQPOYQWRSgMSM6 OWO[RTPOSMNUM
][ROiUMQYOROPgM
tqovxqormoutmoruxzorxormpuzqopmvyuspxrqormox{uspx|qo
NUMPQ]QPQWRQMVSYSMLP\UWOUijSMNUMSVOQNUNQMOZOXMNQMWRQPQ[[QM
abcXOVSd
MSMWNQQPONSMSM^QNONSgMSM6 OWO[RTPOSMNUM
][ROiUgMWSM^PUSM
NSMM0SgMNUPMVOWVOUMNUMNQVO[jSgMYQNOUWRQM^]cXOVUijSMWSM`OPOSM
bspux{
M6Sobomrurqormox{uspx|qozqnmtymozmvoutrmmvurqoxtrqa
MMUMPQ]QPQWRQMQW]UNPUP[QMWU[MfO^~RQ[Q[M^PQZO[RU[MWSMUPRdM
SMNQ[RUM9QO
MMUMPQ]QPQWRQMWjSMURQWNQPMUS[MPQ]O[ORS[MNQ[VPORS[MWS[MUPR[dM
6SMQMSMNQ[RUM9QO
MMUMNSV]YQWRUijSMU^PQ[QWRUNUMQ[ROZQPMOWVSY^XQRUd
PRdM7SomvrmFzmoxox{uspx|qormobvwxtux|qorxoqpumrxrmo
OZOXMNQMWRQPQ[[QMabcXOVSgMUM^QNONSMS]MYQNOUWRQMNQVO[jSM^PSQPONUM
QYM^PSVQ[[SMUNYOWO[RPUROZSMS]Mh]NOVOUXgMNQMOWOVOUROZUM^S^]XUPMS]MNSM
6 OWO[RTPOSMabcXOVSgMWSM]UXM[QPjSMU[[Q\]PUNS[gMUY^XUMNQQ[UMQMSM
NQZONSMVSWRPUNOR~POSd
PRdM2SMcQNUNSMSMUWSWOYURSgMQMNQ[NQM]QMUY^UPUNSM^SPM]WNUNU[M
QZONWVOU[MNQMQPPSMS]MPU]NQgM]UX]QPMVONUNjSgMPQ[^QORUNU[MU[M
^PQPPS\UROZU[MNSM6 OWO[RTPOSMabcXOVSgMTM^UPRQMXQ\ROYUM^UPUMPQ]QPQPgM
rupux{oqoxrnutuzyvxyuxnmtymoxomvrxorxox{uspx|qoutzyuyrxo
^SPMQ[RUM9QOd
G_7H6KK
H67J! H6J6GJK
PRdM1SMOVUMOW[ROR]NSMSMQPYSMNQMaUPVQPOUgMU[[OYMVSW[ONQPUNSM
qoutzyvnmtyqoxzzm{ormozmvosvnxrqomtyvmoqoqrmvol{upqomoxzo
mtyurxrmzox{uspxrxzopqnqobvwxtux|}mzorxoqpumrxrmouu{ormo
WRQPQ[[QMabcXOVSMNQ[ROWUNSMMSPYUijSMNQMZWV]XSMNQMVSS^QPUijSM
QWRPQMU[M^UPRQ[gM^UPUMSMSYQWRSMQMUMQQV]ijSMNU[MUROZONUNQ[MNQM
OWRQPQ[[QM^bcXOVSM^PQZO[RU[MWSMUPRdM6SMNQ[RUM9QOd
vyoobo\mvnqormoxvpmvuxosvnxrqormopqnnoxpqvrqomtyvmo
SMaSNQPMabcXOVSMQMU[MLP\UWOUikQ[MNUMSVOQNUNQMOZOXMNQMWRQPQ[[QM
abcXOVSMNO[VPOYOWUPMNOPQORS[gMPQ[^SW[UcOXONUNQ[MQMScPO\UikQ[MNU[M
^UPRQ[M[O\WURPOU[d
M0SMMVQXQcPUijSMNSMQPYSMNQMaUPVQPOUM[QPM^PQVQNONUM
NQMVSW[]XRUMUS[MSW[QXfS[MNQMaSXROVU[MabcXOVU[MNU[MPQU[M
VSPPQ[^SWNQWRQ[MNQMUR]UijSMQO[RQWRQ[gMWS[MPQ[^QVROZS[MWZQO[MNQM
\SZQPWSd


MSMjSMVX][]XU[MQ[[QWVOUO[MNSMQPYSMNQMaUPVQPOU_
oFoxorqoqlmyqomopqtymvoxomzmpuspx|qorqovqwvxnxo
NQMRPUcUXfSM^PS^S[RSM^QXUMLP\UWOUijSMNUMSVOQNUNQMOZOXMNQM
WRQPQ[[QMabcXOVS
MMUMNQMQ[RO^]XUijSMNU[MYQRU[MQMNS[MPQ[]XRUNS[MUM[QPQYM
UROW\ONS[MQMS[MPQ[^QVROZS[M^PUS[MNQMQQV]ijSMS]MVPSWS\PUYU
MMUMNQM^PQZO[jSMQ^PQ[[UMNS[MVPORTPOS[MSchQROZS[MNQMUZUXOUijSM
NQMNQ[QY^QWfSMUM[QPQYM]ROXOUNS[gMYQNOUWRQMOWNOVUNSPQ[MNQM
PQ[]XRUNS
cMMUMNQM^PQZO[jSMNQMPQVQORU[MQMNQ[^Q[U[MUM[QPQYMPQUXOUNU[MQYM
[Q]MV]Y^POYQWRSgMQ[RO^]XUWNSMORQYM^SPMORQYMU[MVURQ\SPOU[MVSWRcQO[M
][UNU[M^QXUMSP\UWOUijSMQMSMNQRUXfUYQWRSMNU[MPQY]WQPUikQ[MQM
cQWQVOS[MNQM^Q[[SUXMUM[QPQYM^U\S[gMVSYMPQV]P[S[MSPO]WNS[MS]M
ZOWV]XUNS[MUSMQPYSMNQMaUPVQPOUgMUM[Q][MNOPQRSPQ[gMQY^PQ\UNS[MQM
VSW[]XRSPQ[
cMMUM]QMQ[RUcQXQVQMU[MScPO\UikQ[MNUMSVOQNUNQMOZOXMNQM
WRQPQ[[QMabcXOVSgMQWRPQMU[M]UO[MUMNQMU^PQ[QWRUPMUSMaSNQPMabcXOVSgM
USMRTPYOWSMNQMVUNUMQQPVVOSgMPQXUR~POSM[ScPQMUMQQV]ijSMNSMSchQRSM
rqo\mvnqormoxvpmvuxopqtymtrqopqnxvxyuqomzmpspqorxzo
YQRU[M^PS^S[RU[MVSYMS[MPQ[]XRUNS[MUXVUWiUNS[gMUVSY^UWfUNSMNQM
^PQ[RUijSMNQMVSWRU[MNS[M\U[RS[MQMPQVQORU[MQQROZUYQWRQMPQUXOUNS[gM
OWNQ^QWNQWRQMNU[M^PQZO[kQ[MYQWVOSWUNU[MWSMOWVO[SMc
oFoxormol{upx|qotxounvmtzxoqspux{orqo5 tupuqo
NSMe[RUNSMS]MNUM5WOjSgMVSWSPYQMSMUXVUWVQMNU[MUROZONUNQ[M
VQXQcPUNU[MQWRPQMSM~P\jSM^UPVQOPSMQMUMLP\UWOUijSMNUMSVOQNUNQM
OZOXMNQMWRQPQ[[QMabcXOVSgMNQMQRPURSMNSMQPYSMNQMaUPVQPOUMQM
rmormnqtzyvxyuqorxozxommp|qozupxomostxtpmuvxopqtqvnmo
nqrm{qozun{uspxrqomzyxlm{mpurqotqovmw{xnmtyqormzyxo[muo
VSWRQWNSMS[MNUNS[M^POWVO^UO[MNUMNSV]YQWRUijSMScPO\UR~POUMNSM
OWVO[SMcgM[ScM^QWUMNQMWjSMXOcQPUijSMNS[MPQV]P[S[M^PQZO[RS[MWSM
QPYSMNQMaUPVQPOUd
PRdM00dMMQQV]ijSMNSMSchQRSMNSMQPYSMNQMaUPVQPOUM[QPM
xpqnxtxrxomoszpx{uxrxoqvovwqorqoqrmvol{upqorxovmxormo
UR]UijSMVSPPQ[^SWNQWRQMMUROZONUNQMSYQWRUNUgMQM^QXS[MSW[QXfS[M
NQMaSXROVU[MabcXOVU[MNU[MPQU[MVSPPQ[^SWNQWRQ[MNQMUR]UijSM
QO[RQWRQ[gMQYMVUNUMWZQXMNQM\SZQPWSd
M0SML[MPQ[]XRUNS[MUROW\ONS[MVSYMUMQQV]ijSMNSMQPYSM
NQMaUPVQPOUMNQZQYM[QPMUWUXO[UNS[M^SPMVSYO[[jSMNQMUZUXOUijSgM
VSY^S[RUMNQMVSY]YMUVSPNSMQWRPQMSM~P\jSM^UPVQOPSMQMUMLP\UWOUijSM
NUMSVOQNUNQMOZOXMNQMWRQPQ[[QMabcXOVSd
MSMMVSYO[[jSMQWVUYOWfUPMMU]RSPONUNQMVSY^QRQWRQM
PQXUR~POSMVSWVX][OZSM[ScPQMUMUZUXOUijSM^PSVQNONUd
M6SML[MQPYS[MNQMaUPVQPOUMNQ[ROWUNS[MUSMSYQWRSMNQMUROZONUNQ[M
WU[MPQU[MNQM]QMRPURUMQ[RUM9QOMQ[RUPjSM[]hQORS[MUS[MYQVUWO[YS[MNQM
VSWRPSXQM[SVOUXM^PQZO[RS[MWUMXQ\O[XUijSd
vyoobzovmzqtzmuzom{xoszpx{ux|qorqo\mvnqormo
aUPVQPOUgMUSMRSYUPQYMVSWfQVOYQWRSMNQM]UX]QPMOPPQ\]XUPONUNQMS]M
OXQ\UXONUNQMWUM]ROXOUijSMNQMPQV]P[S[MS]McQW[MNQMSPO\QYM^bcXOVUM
^QXUMSP\UWOUijSM^UPVQOPUgMNUPjSMOYQNOURUMVOWVOUMUSMPOc]WUXM
NQMSWRU[MPQ[^QVROZSMQMUSM6 OWO[RTPOSMabcXOVSgM[ScM^QWUMNQM
PQ[^SW[UcOXONUNQM[SXONPOUd
PRdM06dMQYM^PQh]SMNUMYQNONUMUM]QM[QMPQQPQMSMUPRdM0M
NQ[RUM9QOgMfUZQWNSMOWNVOS[M]WNUNS[MNQMYUXZQP[UijSMNQMcQW[M
qovmpvzqzormoqvuwmnol{upxoqzovmzqtzmuzom{xoszpx{ux|qo
PQ^PQ[QWRUPjSMUSM6 OWO[RTPOSMabcXOVSgMMNZSVUVOUQPUXMNUM
5WOjSgM^UPUM]QMPQ]QOPUYMUSMh]SMVSY^QRQWRQMUMNQVPQRUijSMNUM
OWNO[^SWOcOXONUNQMNS[McQW[MNUMQWRONUNQMQMSM[Q]Q[RPSMNS[McQW[M
`

NS[M[Q][MNOPO\QWRQ[gMcQYMVSYSMNQMU\QWRQM^bcXOVSMS]MRQPVQOPSgM]QM
^S[[UYMRQPMQWPO]QVONSMOXOVORUYQWRQMS]MVU][UNSMNUWSMUSM^URPOYWOSM
^bcXOVSgMUXTYMNQMS]RPU[MYQNONU[MVSW[]c[RUWVOUNU[MWUM9QOMWSM2d1gM
NQMMNQMh]WfSMNQM011gMQMWUM9QOMSY^XQYQWRUPMWSMgMNQM02MNQM
YUOSMNQM011ed
M0SMLM^QNONSMNQM[Q]Q[RPSM[QPM^PSVQ[[UNSMNQMUVSPNSMVSYMSM
NO[^S[RSMWS[MUPR[dM2MQM2fMNSM~NO\SMNQMaPSVQ[[SMOZOXd
MSM]UWNSMSPMSMVU[SgMSM^QNONSMOWVX]OPMUMOWZQ[RO\UijSgM
SMQUYQMQMSMcXS]QOSMNQMcQW[gMVSWRU[McUWVPOU[MQMU^XOVUikQ[M
YUWRONU[M^QXSMNQYUWNUNSMWSMaU[MQMWSMQRQPOSPgMWS[MRQPYS[MNUMXQOM
QMNS[MRPURUNS[MOWRQPWUVOSWUO[d
M6SMRTMSMRTPYOWSMNUMUijSgMSMaSNQPMabcXOVSM^QPYUWQVQPM
VSYSMNQ^S[ORPOSMQM\Q[RSPMNS[McQW[MQMZUXSPQ[M[Q]Q[RPUNS[MS]M
OWNO[^SWZQO[MQMZQXUPM^QXUMVSWROW]ONUNQMNU[MUROZONUNQ[M[SVOUO[MNUM
SP\UWOUijSM^UPVQOPUd
PRdM0dMMSP\UWOUijSM^UPVQOPUMUPM^]cXOVUPgMWSM^PUSM
YOYSMNQMRPOWRUMNOU[gMVSWRUNSMNUMU[[OWUR]PUMNSMQPYSMNQMaUPVQPOUgM
PQ\]XUYQWRSM^P~^POSMVSWRQWNSMS[M^PSVQNOYQWRS[M]QMUNSRUPM^UPUM
UMVSWRPURUijSMNQMScPU[MQM[QPZOiS[gMcQYMVSYSM^UPUMVSY^PU[MVSYM
QY^PQ\SMNQMPQV]P[S[M^PSZQWOQWRQ[MNSMaSNQPMabcXOVSgMSc[QPZUNS[M
S[M^POWV^OS[MQ[RUcQXQVONS[MWSMOWVO[SMMNSMUPRdMSMNQ[RUM9QOd
PRdM0fdMU[SMUMSP\UWOUijSMUN]OPUMcQYMOY~ZQXMVSYMPQV]P[S[M
^PSZQWOQWRQ[MNUMVQXQcPUijSMNSMQPYSMNQMaUPVQPOUgMQ[RQM[QPM\PUZUNSM
VSYMVX][]XUMNQMOWUXOQWUcOXONUNQd
G_7H6KKK
<6K<H<KVJ<6KIK<6J67I<K74K<
vyooComrxrxoZzomtyurxrmzox{uspxrxzopqnqobvwxtux|}mzo
NUMSVOQNUNQMOZOXMNQMWRQPQ[[QMabcXOVSMUM^UPROVO^UijSMQYM
VUY^UWfU[MNQMOWRQPQ[[QM^SXROVS^UPRONPOSMS]MQXQORSPUO[gM[ScM
]UO[]QPMYQOS[MS]MSPYU[d
PRdM 07dM LM 6 OWO[RTPOSM NUM
][ROiUM ^QPYOROPgM YQNOUWRQM
PQ]QPOYQWRSMNS[MOWRQPQ[[UNS[gMXOZPQMUVQ[[SM^bcXOVSMUMRSNU[MU[M
OWSPYUikQ[M^QPROWQWRQ[M[MLP\UWOUikQ[MNUMSVOQNUNQMOZOXMNQM
WRQPQ[[QMabcXOVSd
vyoozomzzqxzovrupxzormoruvmuyqovuxrqozmnostzo
{pvxyuqzox{uspxrxzopqnolxzmomnoqyvqzoru{qnxzo{mwxuzo
qrmvqox{uspxvFzmopqnqobvwxtux|}mzorxoqpumrxrmouu{ormo
WRQPQ[[QMabcXOVSgMNQ[NQM]QMURQWNONS[MUS[MPQ]O[ORS[M^UPUMRUWRSM
QO\ONS[gM[QWNSXfQ[MU[[Q\]PUNUMUMYUW]RQWijSM[OY]XR8WQUMNQ[[U[M
x{uspx|}mzoxyoputpqoxtqzopqtyxrqzorxorxyxormouwWtpuxormzyxo
9QOdM
M0SMOWNSMSM^PUSMNQMVOWVSMUWS[gMUM^Q[[SUMh]PNOVUMOWRQPQ[[UNUM
mnonxtymvoxox{uspx|qovmuzyxotmzyxo[muormmvoqvom{xoqyxvo
xyqomoun{upxvoxovmttpuxoxyqnyupxormozxzox{uspx|}mzo
UWRQPOSPQ[dM
MSMU[SMWjSM[QhUMQORUMUMS^ijSM^PQZO[RUMWSM^UP\PUSMUWRQPOSPgM
xomzzqxovrupxomvrmvoxyqnxyupxnmtymoxox{uspx|qoqlyurxo
WS[MRQPYS[MNQ[RUM9QOd
PRdM01dMLMaSNQPMeQV]ROZSMPQ\]XUYQWRUPMQ[RUM9QOMWSM^PUSM
NQMRPOWRUMNOU[d
PRdMedMe[RUM9QOMQWRPUMQYMZO\SPMWUMNURUMNQM[]UM^]cXOVUijSd
PU[XOUgM6MNQMYUPiSMNQM0111M072SMNUMWNQ^QWNWVOUMQM000SM
NUM7Q^bcXOVUd
e7`LMGe75eM7`LLM
DDQB
@B@ DD
?BPDB?D@WM6 QWS[MVSPPQ[^SWNWVOU[


EF6K! H1KJ6! KIK<77K
6JK6I6F^6J6mEF6
MY^PScONUNQMNYOWO[RPUROZUMTMVUPUVRQPOUNUgM\QWTPOVUYQW
RQgM^QXUMZOSXUijSMUS[M^POWV^OS[MNUMYSPUXONUNQgMOY^Q[[SUXONUNQMQM
QVSWSYOVONUNQMQMQWPO]QVOYQWRSMOXVORSMVSYQRONSM^SPMU\QWRQM^b
cXOVSgMQYM[Q]MVSWVQORSMYUO[MUY^XSgMWSMQQPVVOSMNQM[]U[M]WikQ[M
UNYOWO[RPUROZU[gMS]MQYMNQVSPPQWVOUMNQXUgMVSWSPYQM^PQZO[RSM^SPMXQOdM
M9QOMQNQPUXMW1M2d11MRPURUMNS[MURS[MNQMOY^PScONUNQM^PU
ROVUNU[M^SPM]UX]QPMU\QWRQM^bcXOVSgMcQYMVSYSMQ[RUcQXQVQMU[M[UW
ikQ[MQMNQZQPMOWNQWOUPMQS]MPQ[ROR]OPMSM^URPOYSWOSM^bcXOVSd
zoruzqzu|}mzormzyxo{muox{pxt|xnoyqrxzoxzomzzqxzox{uspx
NU[MVSYSMU\QWRQ[M^bcXOVS[gM[QhUMWUMUNYOWO[RPUijSMNOPQRUgMOWNOPQRUM
QM]WNUVOSWUXgMYQ[YSM]QMRPUW[ORSPOUYQWRQgMPQY]WQPUNU[MS]MWjSdM
ROW\QYMNQMSPYUMNOPQRUMUOWNUMU[MQY^PQ[U[MOWVSP^SPUNU[MUSM^URPO
YWOSM^bcXOVSMQMU[MQWRONUNQ[M^UPUMVPOUijSMS]MV][RQOSMSWNQMSMQPPOSM
^bcXOVSMfUhUMVSWVSPPONSMS]MVSWVSPPUMVSYMYUO[MNQMfe MNSM^URPOY
WOSMS]MNUMPQVQORUMUW]UXd
jSMUcPUW\ONS[MUOWNUgMWUMPQQPONUMXQOgMU]QXQ[M]QgMYQ[YSMWjSM
[QWNSMU\QWRQ[M^bcXOVS[gMOWN]UYMS]MVSWVSPPUYM^UPUMUM^PROVUMNSM
xyqormounvqlurxrmoqorm{mozmolmtmspumnozqlox{mvoqvnxoru
PQRUMS]MOWNOPQRUYQWRQdMQ[RQM[QWRONSgM[jSMQ]O^UPUNS[MUMU\QWRQ[M
l{upqzospxtrqozmuyqzoZzozxt|}mzovmuzyxzotxo[muormonvq
cONUNQMNYOWO[RPUROZUgMS[MPQ[^SW[ZQO[MQM]WVOSWPOS[MNQM^Q[[SU[M
h]PNOVU[MNQMNOPQORSM^POZUNSM]QMPQVQcUYMZQPcU[M^bcXOVU[MQM^PSYS
ZUYMSM[Q]MNQ[ZOSgMU^PS^POUijSgMS]M][SMQYMNQ[VSWSPYONUNQMVSYM
xzostx{urxrmzoxvxoxzoxuzozmormoqovmxzzm
[M^QWUXONUNQ[MQWZSXZQYMPQ[[UPVOYQWRSMNSMNUWSgMY]XRUgM^QP
NUMNSM]QMSOMScRONSMOXOVORUYQWRQgM^QPNUMNUM]WijSM^bcXOVUgM[][^QW
[jSMNS[MNOPQORS[M^SXROVS[gM]QM^SNQYM[QPMNQM6MUM0eMUWS[gMVSWSPYQM
UMfO^~RQ[QMQMSMVU[SMVSWVPQRSgMQMUOWNUM^PSOcOijSMNQMVSWRPURUPMVSYMSM
qrmvol{upqoqvomvqrqormsturqotxo{mu
M9QOM211MQ[RUcQXQVQMRP[MQ[^TVOQ[MNQMURS[MNQMOY^PScONUNQ_M
MMS[MURS[M]QMOY^SPRUYMQWPO]QVOYQWRSMOXVORSgMNQZONUYQWRQM
^PQZO[RSMWSMUPRO\SM1M
MMS[MURS[M]QMVU][UYMXQ[jSMUSM^URPOYWOSM^bcXOVSgM^PQZO[RSM
WSMUPRO\SM0egMQ
MMS[MURS[M]QMURQWRUYMVSWRPUMS[M^POWV^OS[MNUMNYOWO[RPUijSM
abcXOVUMVSYM^PQZO[jSMXQ\UXMWSMUPRO\S00d
6 ]ORSMQYcSPUMUMXQOMQ[RUcQXQVQMUMU^XOVUijSMNQM^QWUXONUNQ[MUS[M
U\QWRQ[M]QMOWVSPPQPUYMQYMOY^PScONUNQMUNYOWO[RPUROZUgMS[MURS[MNQM
OY^PScONUNQMWjSM[jSMVSW[ONQPUNS[M9VPOYQ[BM^PS^POUYQWRQMNORS[dM
GM]YUM\PUWNQMNOQPQWiUMQWRPQMURSMNQMOY^PScONUNQMUNYOWO[RPUROZUM
QMVPOYQgM^SO[M[QM[]hQORUYMUMh]S[MNSRUNS[MNQMVSY^QRWVOU[MNO[ROW
RU[gMVZQXMQMVPOYOWUXgMWjSMfUZQWNSMNQ[[UMSPYUgM]UWRSMMOY^PScO
NUNQgMUM^PQZO[jSMQMU^XOVUijSMNQM^QWU[MPQ[RPOROZU[MNQMXOcQPNUNQdM
eWRPQRUWRSgMOY^SPRUWRQM[UXOQWRUPM]QMUMPQ[^SW[UcOXONUNQM^SNQM
[QPMU^]PUNUMV]Y]XUROZUYQWRQgMS]M[QhUgMSMU\QWRQMNSMURSMNQMOY^PScO
NUNQM^SNQPM[QPMQW]UNPUNSMQM^QWUXOUNSMRUWRSMWUMXQOMNQMY^PScO
NUNQMNYOWO[RPUROZUgMVSYSMRUYcTYMVPOYOWUXYQWRQgMPQ[^SWNQWNSM
qvozxzopqtryxzoyuuspxrxzotqoruwqomtx{oxuozunozmopqtrmtx
NSgM^SNQPM[SPQPM^QWU[MPQ[RPOROZU[MNQMXOcQPNUNQd
M9QOMWjSM^PQZM^]WOikQ[MNQMVUPRQPM^QWUXMS]MVPOYOWUXgMYU[M
[OYMNQMWUR]PQUMVOZOXMQM^SXROVUgMS]M[QhUgMOWVX]QYMUM^QPNUMNUM]W
ijSM^bcXOVUgM[][^QW[jSMNS[MNOPQORS[M^SXROVS[gMY]XRU[gMPQ^UPUijSMNSM
NUWSMQMPQ[[UPVOYQWRSMNQMZUXSPQ[d
`

eWRPQRUWRSgM^UPUMS[MQ[R]NS[MUVQPVUMNU[M[UWikQ[MU^XOVZQO[MUS[M
U\QWRQ[M^bcXOVS[MWS[MVU[S[MNQMQWPO]QVOYQWRSMOXVORSMWSMQQPVVOSM
NQMYUWNURSgMVUP\SgMQY^PQ\SMS]M]WijSMNUMUNYOWO[RPUijSM^bcXOVUM
NOPQRUgMOWNOPQRUMS]M]WNUVOSWUXgM[]U[MfO^~RQ[Q[MNQMOY^PScONUNQMUN
YOWO[RPUROZUMQM^QWUXONUNQ[gMTMOY^PQ[VOWNZQXMUMXQOR]PUMURQWRUMNSM]QM
NO[^kQMUM9QOM2d1011gM]QMUM[Q\]OPM[Q\]Q_
34UM11D4E
1
`O[^kQM[ScPQMU[M[UWikQ[MU^XOVZQO[MUS[MU\QWRQ[M^bcXOVS[MWS[M
VU[S[MNQMQWPO]QVOYQWRSMOXVORSMWSMQQPVVOSMNQMYUWNURSgMVUP\SgM
QY^PQ\SMS]M]WijSMWUMUNYOWO[RPUijSM^bcXOVUMNOPQRUgMOWNOPQRUMS]M
]WNUVOSWUXd

753146107 30UiSM[UcQPM]QMSMSW

\PQ[[SMUVOSWUXMNQVPQRUMQMQ]M[UWVOSWSMUM[Q\]OWRQMXQO_
G_7H6K6
>6959;6;2>9
PRdM01ML[MURS[MNQMOY^PScONUNQM^PUROVUNS[M^SPM]UX]QPMU\QWRQM
^bcXOVSgM[QPZONSPMS]MWjSgMVSWRPUMUMUNYOWO[RPUijSMNOPQRUgMOWNOPQRUMS]M
]WNUVOSWUXMNQM]UX]QPMNS[MaSNQPQ[MNUM5WOjSgMNS[Me[RUNS[gMNSM
`O[RPORSMQNQPUXgMNS[M6 ]WOV^OS[gMNQMQPPOR~POSgMNQMQY^PQ[UMOWVSP
^SPUNUMUSM^URPOYWOSM^bcXOVSMS]MNQMQWRONUNQM^UPUMV]hUMVPOUijSMS]M
V][RQOSMSMQPPOSMfUhUMVSWVSPPONSMS]MVSWVSPPUMVSYMYUO[MNQMVOW]QW
RUM^SPMVQWRSMNSM^URPOYWOSMS]MNUMPQVQORUMUW]UXgM[QPjSM^]WONS[MWUM
SPYUMNQ[RUMXQOd
aUP\PUSMbWOVSdMe[RjSMRUYcTYM[]hQORS[M[M^QWUXONUNQ[MNQ[
RUMXQOMS[MURS[MNQMOY^PScONUNQM^PUROVUNS[MVSWRPUMSM^URPOYWOSMNQM
mtyurxrmomovmpmlxozlmt|qolmtmpuqoqoutpmtyuqoszpx{oqo
VPQNORVOSgMNQM~P\jSM^bcXOVSMcQYMVSYSMNU]QXU[M^UPUMV]hUMVPOUijSM
S]MV][RQOSMSMQPPOSMfUhUMVSWVSPPONSMS]MVSWVSPPUMVSYMYQWS[MNQMVOW
]QWRUM^SPMVQWRSMNSM^URPOYWOSMS]MNUMPQVQORUMUW]UXgMXOYORUWNS[QgM
WQ[RQ[MVU[S[gMUM[UWijSM^URPOYSWOUXMMPQ^QPV][[jSMNSMOXVORSM[ScPQMUM
VSWRPOc]OijSMNS[MVSPQ[M^bcXOVS[d
PRdM1M7Q^]RU[QMU\QWRQM^bcXOVSgM^UPUMS[MQQORS[MNQ[RUMXQOgM
RSNSMU]QXQM]QMQQPVQgMUOWNUM]QMRPUW[ORSPOUYQWRQMS]M[QYMPQ
Y]WQPUijSgM^SPMQXQOijSgMWSYQUijSgMNQ[O\WUijSgMVSWRPURUijSMS]M
]UX]QPMS]RPUMSPYUMNQMOWZQ[RON]PUMS]MZWV]XSgMYUWNURSgMVUP\SgM
QY^PQ\SMS]M]WijSMWU[MQWRONUNQ[MYQWVOSWUNU[MWSMUPRO\SMUWRQPOSPd
PRdM61M[MNO[^S[OikQ[MNQ[RUMXQOM[jSMU^XOVZQO[gMWSM]QMVS]cQPgM
]QXQM]QgMYQ[YSMWjSM[QWNSMU\QWRQM^bcXOVSgMOWN]UMS]MVSWVSPPUM
xvxoxovyupxorqoxyqormounvqlurxrmoqorm{mozmolmtmspumozqlox{
]QPMSPYUMNOPQRUMS]MOWNOPQRUd
PRdM1ML[MU\QWRQ[M^bcXOVS[MNQM]UX]QPMWZQXMS]MfOQPUP]OUM
[jSMScPO\UNS[MUMZQXUPM^QXUMQ[RPORUMSc[QPZ8WVOUMNS[M^POWV^OS[MNQM
XQ\UXONUNQgMOY^Q[[SUXONUNQgMYSPUXONUNQMQM^]cXOVONUNQMWSMRPURSMNS[M
U[[]WRS[M]QMXfQM[jSMUQRS[d
PRdMf1MLVSPPQWNSMXQ[jSMUSM^URPOYWOSM^bcXOVSM^SPMUijSMS]M
SYO[[jSgMNSXS[UMS]MV]X^S[UgMNSMU\QWRQMS]MNQMRQPVQOPSgMNUP[QMSM
OWRQ\PUXMPQ[[UPVOYQWRSMNSMNUWSd
PRdM1MSMVU[SMNQMQWPO]QVOYQWRSMOXVORSgM^QPNQPMSMU\QWRQM
l{upqoqoymvpmuvqolmtmspuvuqoqzolmtzoqox{qvmzoxpvmzpurqzoxqo
[Q]M^URPOYWOSd
PRdM71M]UWNSMSMURSMNQMOY^PScONUNQMVU][UPMXQ[jSMUSM^URPOY
WOSM^bcXOVSMS]MQW[QhUPMQWPO]QVOYQWRSMOXVORSgMVUcQPMUMU]RSPONUNQM
UNYOWO[RPUROZUMPQ[^SW[ZQXM^QXSMOW]TPORSMPQ^PQ[QWRUPMUSM6 OWO[RT
POSMabcXOVSgM^UPUMUMOWNO[^SWOcOXONUNQMNS[McQW[MNSMOWNOVOUNSd


aUP\PUSMbWOVSdMMOWNO[^SWOcOXONUNQMUM]QM[QMPQQPQMSMVU^]RM
NQ[RQMUPRO\SMPQVUOPM[ScPQMcQW[M]QMU[[Q\]PQYMSMOWRQ\PUXMPQ[[UP
VOYQWRSMNSMNUWSgMS]M[ScPQMSMUVPT[VOYSM^URPOYSWOUXMPQ[]XRUWRQMNSM
QWPO]QVOYQWRSMOXVORSd
PRdM21MLM[]VQ[[SPMNU]QXQM]QMVU][UPMXQ[jSMUSM^URPOYWOSM
^bcXOVSMS]M[QMQWPO]QVQPMOXOVORUYQWRQMQ[RM[]hQORSM[MVSYOWUikQ[M
NQ[RUMXQOMURTMSMXOYORQMNSMZUXSPMNUMfQPUWiUd
G_7H6KK6
5656;6K:259>;6:9492>9=>
<;56K6
5656;6K:259>;6:9492>9=>6
3;6K:52>:6
J429
3;9:;456K895

MMPQVQcQPMZUWRU\QYMQVSWYOVUMNQM]UX]QPMWUR]PQUgMNOPQRUM
S]MOWNOPQRUYQWRQgM^UPUMSYOROPMURSMNQMSVOSgM^PSZONWVOUMS]MNQVXU
PUijSMUM]QMQ[RQhUMScPO\UNS
MMOWVSP^SPUPgM^SPM]UX]QPMSPYUgMUSM[Q]M^URPOYWOSMcQW[gM
PQWNU[gMZQPcU[MS]MZUXSPQ[MOWRQ\PUWRQ[MNSMUVQPZSM^URPOYSWOUXMNU[M
QWRONUNQ[MYQWVOSWUNU[MWSMUPRdM01MNQ[RUMXQO
MM][UPgMQYM^PSZQORSM^P~^POSgMcQW[gMPQWNU[gMZQPcU[MS]MZUXS
PQ[MOWRQ\PUWRQ[MNSMUVQPZSM^URPOYSWOUXMNU[MQWRONUNQ[MYQWVOSWUNU[M
WSMUPRdM01MNQ[RUMXQOd
<;56KK6
5656;6K:259>;6:9492>9=>6
3;6G>3>:62;356
>56J2295

PRdM11MSW[ROR]OMURSMNQMOY^PScONUNQMUNYOWO[RPUROZUMOY^SPRUW
NSMQWPO]QVOYQWRSMOXVORSMU]QPOPM]UX]QPMRO^SMNQMZUWRU\QYM^URPO
YSWOUXMOWNQZONUMQYMPUjSMNSMQQPVVOSMNQMVUP\SgMYUWNURSgM]WijSgM
QY^PQ\SMS]MUROZONUNQMWU[MQWRONUNQ[MYQWVOSWUNU[MWSMUPRdM01MNQ[RUM
XQOgMQMWSRUNUYQWRQ_
MMPQVQcQPgM^UPUM[OMS]M^UPUMS]RPQYgMNOWfQOPSgMcQYMY~ZQXMS]M
OY~ZQXgMS]M]UX]QPMS]RPUMZUWRU\QYMQVSWYOVUgMNOPQRUMS]MOWNOPQ
yxoxoyy{qormopqnuzzqomvpmtyxwmnowvxyuspx|qoqovmzmtymormo
]QYMRQWfUMOWRQPQ[[QgMNOPQRSMS]MOWNOPQRSgM]QM^S[[UM[QPMUROW\ONSM
S]MUY^UPUNSM^SPMUijSMS]MSYO[[jSMNQVSPPQWRQMNU[MURPOc]OikQ[MNSM
U\QWRQM^bcXOVS
MM^QPVQcQPMZUWRU\QYMQVSWYOVUgMNOPQRUMS]MOWNOPQRUgM^UPUMU
VOXORUPMUMU]O[OijSgM^QPY]RUMS]MXSVUijSMNQMcQYMY~ZQXMS]MOY~ZQXgM
S]MUMVSWRPURUijSMNQM[QPZOiS[M^QXU[MQWRONUNQ[MPQQPONU[MWSMUPRdM01M^SPM
^PQiSM[]^QPOSPMUSMZUXSPMNQMYQPVUNS
MM^QPVQcQPMZUWRU\QYMQVSWYOVUgMNOPQRUMS]MOWNOPQRUgM^UPUM
UVOXORUPMUMUXOQWUijSgM^QPY]RUMS]MXSVUijSMNQMcQYM^bcXOVSMS]MSMSP
WQVOYQWRSMNQM[QPZOiSM^SPMQWRQMQ[RURUXM^SPM^PQiSMOWQPOSPMUSMZUXSPM
NQMYQPVUNS
cMM]ROXOUPgMQYMScPUMS]M[QPZOiSM^UPROV]XUPgMZQV]XS[gMY]O
WU[gMQ]O^UYQWRS[MS]MYURQPOUXMNQM]UX]QPMWUR]PQUgMNQM^PS^POQNU
NQMS]MMNO[^S[OijSMNQM]UX]QPMNU[MQWRONUNQ[MYQWVOSWUNU[MWSMUPRdM
01MNQ[RUMXQOgMcQYMVSYSMSMRPUcUXfSMNQM[QPZONSPQ[M^bcXOVS[gMQY^PQ
\UNS[MS]MRQPVQOPS[MVSWRPURUNS[M^SPMQ[[U[MQWRONUNQ[
cMMPQVQcQPMZUWRU\QYMQVSWYOVUMNQM]UX]QPMWUR]PQUgMNOPQRUM
S]MOWNOPQRUgM^UPUMRSXQPUPMUMQ^XSPUijSMS]MUM^PROVUMNQMhS\S[MNQMUUPgM
rmo{mtqptuqormotxvpqyvspqormopqtyvxlxtrqormozvxoqormox{
]QPMS]RPUMUROZONUNQMOXVORUgMS]MUVQORUPM^PSYQ[[UMNQMRUXMZUWRU\QY
cMMPQVQcQPMZUWRU\QYMQVSWYOVUMNQM]UX]QPMWUR]PQUgMNOPQRUM
S]MOWNOPQRUgM^UPUMUQPMNQVXUPUijSMUX[UM[ScPQMYQNOijSMS]MUZUXOUijSM
QYMScPU[M^bcXOVU[MS]M]UX]QPMS]RPSM[QPZOiSgMS]M[ScPQM]UWRONUNQgM
^Q[SgMYQNONUgM]UXONUNQMS]MVUPUVRQP[ROVUMNQMYQPVUNSPOU[MS]McQW[M
SPWQVONS[MUM]UX]QPMNU[MQWRONUNQ[MYQWVOSWUNU[MWSMUPRdM0MNQ[RUM
XQO
cMMUN]OPOPgM^UPUM[OMS]M^UPUMS]RPQYgMWSMQQPVVOSMNQMYUWNU
RSgMVUP\SgMQY^PQ\SMS]M]WijSM^bcXOVUgMcQW[MNQM]UX]QPMWUR]PQUM
V]hSMZUXSPM[QhUMNQ[^PS^SPVOSWUXMMQZSX]ijSMNSM^URPOYWOSMS]MMPQW
NUMNSMU\QWRQM^bcXOVS
cMMUVQORUPMQY^PQ\SgMVSYO[[jSMS]MQQPVQPMUROZONUNQMNQMVSW
[]XRSPOUMS]MU[[Q[[SPUYQWRSM^UPUM^Q[[SUM[OVUMS]Mh]PNOVUM]QMRQ
WfUMOWRQPQ[[QM[][VQRZQXMNQM[QPMUROW\ONSMS]MUY^UPUNSM^SPMUijSMS]M
SYO[[jSMNQVSPPQWRQMNU[MURPOc]OikQ[MNSMU\QWRQM^bcXOVSgMN]PUWRQMUM
UROZONUNQ
MM^QPVQcQPMZUWRU\QYMQVSWYOVUM^UPUMOWRQPYQNOUPMUMXOcQPU
ijSMS]MU^XOVUijSMNQMZQPcUM^bcXOVUMNQM]UX]QPMWUR]PQU
`

PRdM0edMSW[ROR]OMURSMNQMOY^PScONUNQMUNYOWO[RPUROZUM]QMVU]
[UMXQ[jSMUSMQPPOSM]UX]QPMUijSMS]MSYO[[jSgMNSXS[UMS]MV]X^S[UgM
]QMQW[QhQM^QPNUM^URPOYSWOUXgMNQ[ZOSgMU^PS^POUijSgMYUXcUPURUYQW
RSMS]MNOXU^ONUijSMNS[McQW[MS]MfUZQPQ[MNU[MQWRONUNQ[MPQQPONU[MWSM
UPRdM0MNQ[RUMXQOgMQMWSRUNUYQWRQ_
MMUVOXORUPMS]MVSWVSPPQPM^SPM]UX]QPMSPYUM^UPUMUMOWVSP^SPU
ijSMUSM^URPOYWOSM^UPROV]XUPgMNQM^Q[[SUM[OVUMS]Mh]PNOVUgMNQMcQW[gM
PQWNU[gMZQPcU[MS]MZUXSPQ[MOWRQ\PUWRQ[MNSMUVQPZSM^URPOYSWOUXMNU[M
QWRONUNQ[MYQWVOSWUNU[MWSMUPRdM0MNQ[RUMXQO
MM^QPYOROPMS]MVSWVSPPQPM^UPUM]QM^Q[[SUM[OVUMS]Mh]PNOVUM
^POZUNUM]ROXOQMcQW[gMPQWNU[gMZQPcU[MS]MZUXSPQ[MOWRQ\PUWRQ[MNSMUVQP
ZSM^URPOYSWOUXMNU[MQWRONUNQ[MYQWVOSWUNU[MWSMUPRdM0MNQ[RUMXQOgM[QYM
UMSc[QPZ8WVOUMNU[MSPYUXONUNQ[MXQ\UO[MS]MPQ\]XUYQWRUPQ[MU^XOV
ZQO[MMQ[^TVOQ
MMNSUPMM^Q[[SUM[OVUMS]Mh]PNOVUMcQYMVSYSMUSMQWRQMNQ[
mvzqtx{uxrqoxutrxomormostzomrpxyuqzoqoxzzuzyWtpuxzolmtzo
PQWNU[gMZQPcU[MS]MZUXSPQ[MNSM^URPOYWOSMNQM]UX]QPMNU[MQWRONUNQ[M
YQWVOSWUNU[MWSMUPRdM0MNQ[RUMXQOgM[QYMSc[QPZ8WVOUMNU[MSPYUXONUNQ[M
XQ\UO[MQMPQ\]XUYQWRUPQ[MU^XOVZQO[MMQ[^TVOQ
cMM^QPYOROPMS]MUVOXORUPMUMUXOQWUijSgM^QPY]RUMS]MXSVUijSMNQM
cQYMOWRQ\PUWRQMNSM^URPOYWOSMNQM]UX]QPMNU[MQWRONUNQ[MPQQPONU[M
WSMUPRdM0MNQ[RUMXQOgMS]MUOWNUMUM^PQ[RUijSMNQM[QPZOiSM^SPM^UPRQMNQXU[gM
^SPM^PQiSMOWQPOSPMUSMNQMYQPVUNS
cMM^QPYOROPMS]MUVOXORUPMUMU]O[OijSgM^QPY]RUMS]MXSVUijSMNQM
cQYMS]M[QPZOiSM^SPM^PQiSM[]^QPOSPMUSMNQMYQPVUNS
oFovmx{uxvoqmvx|qostxtpmuvxozmnoqlzmvXtpuxorxzotqvnxzo
{mwxuzomovmw{xnmtyxvmzoqoxpmuyxvowxvxtyuxoutzspumtymoqoutur3
WQU
oFopqtpmrmvolmtmpuqoxrnutuzyvxyuqoqoszpx{ozmnoxoql
[QPZ8WVOUMNU[MSPYUXONUNQ[MXQ\UO[MS]MPQ\]XUYQWRUPQ[MU^XOVZQO[MM
Q[^TVOQ
cMMP][RPUPMUMXOVOR]NQMNQM^PSVQ[[SMXOVORUR~POSMS]MNO[^QW[XSM
OWNQZONUYQWRQ
MMSPNQWUPMS]M^QPYOROPMUMPQUXOUijSMNQMNQ[^Q[U[MWjSMU]RSPO
UNU[MQYMXQOMS]MPQ\]XUYQWRS
MMU\OPMWQ\XO\QWRQYQWRQMWUMUPPQVUNUijSMNQMRPOc]RSMS]MPQWNUgM
cQYMVSYSMWSM]QMNOMPQ[^QORSMMVSW[QPZUijSMNSM^URPOYWOSM^b
cXOVS
MMXOcQPUPMZQPcUM^bcXOVUM[QYMUMQ[RPORUMSc[QPZ8WVOUMNU[MWSP
nxzomvyutmtymzoqoutluvormox{mvoqvnxoxvxoxozxox{upx|qo
OPPQ\]XUP
MM^QPYOROPgMUVOXORUPMS]MVSWVSPPQPM^UPUM]QMRQPVQOPSM[QMQWPO
]QiUMOXOVORUYQWRQ


MM^QPYOROPM]QM[QM]ROXOQgMQYMScPUMS]M[QPZOiSM^UPROV]XUPgM
ZQV]XS[gMY]OWU[gMQ]O^UYQWRS[MS]MYURQPOUXMNQM]UX]QPMWUR]
PQUgMNQM^PS^POQNUNQMS]MMNO[^S[OijSMNQM]UX]QPMNU[MQWRONUNQ[M
YQWVOSWUNU[MWSMUPRdM01MNQ[RUMXQOgMcQYMVSYSMSMRPUcUXfSMNQM[QPZONSPM
^bcXOVSgMQY^PQ\UNS[MS]MRQPVQOPS[MVSWRPURUNS[M^SPMQ[[U[MQWRONUNQ[d
oYopm{mlvxvopqtyvxyqoqoqyvqoutzyvnmtyqomoymtxoqvo
SchQRSMUM^PQ[RUijSMNQM[QPZOiS[M^bcXOVS[M^SPMYQOSMNUM\Q[RjSMU[[S
VOUNUM[QYMSc[QPZUPMU[MSPYUXONUNQ[M^PQZO[RU[MWUMXQOMWVX]NSM^QXUM
9QOMWM00d0e7gMNQMeef
oYopm{mlvxvopqtyvxyqormovxymuqormopqtzvpuqol{upqozmno
zspumtymomovuxorqyx|qoqv|xnmtyvuxoqozmnoqlzmvxvoxzoqv
YUXONUNQ[M^PQZO[RU[MWUMXQOdMWVX]NSM^QXUM9QOMWM00d0e7gMNQMeef
<;56KKK6
5656;6K:259>;6:9492>9=>6
3;6;4>:6G542>6
56294956>6:9492>5689>
PRdM00dMSW[ROR]OMURSMNQMOY^PScONUNQMUNYOWO[RPUROZUM]QMURQW
RUMVSWRPUMS[M^POWV^OS[MNUMUNYOWO[RPUijSM^bcXOVUM]UX]QPMUijSMS]M
SYO[[jSM]QMZOSXQMS[MNQZQPQ[MNQMfSWQ[RONUNQgMOY^UPVOUXONUNQgMXQ
\UXONUNQgMQMXQUXNUNQM[MOW[ROR]OikQ[gMQMWSRUNUYQWRQ_
oFovxyupxvoxyqouzxtrqosnovqulurqomno{muoqovmw{xnmtyqoqo
NOZQP[SMNU]QXQM^PQZO[RSgMWUMPQ\PUMNQMVSY^QRWVOU
MMPQRUPNUPMS]MNQOUPMNQM^PUROVUPgMOWNQZONUYQWRQgMURSMNQMS
VOS
MMPQZQXUPMURSMS]MVOPV]W[R8WVOUMNQM]QMRQYMVOWVOUMQYMPUjSM
NU[MURPOc]OikQ[MQM]QMNQZUM^QPYUWQVQPMQYM[Q\PQNS
oFotmwxvol{upurxrmoxqzoxyqzoqspuxuz
cMMP][RPUPMUMXOVOR]NQMNQMVSWV]P[SM^bcXOVS
cMMNQOUPMNQM^PQ[RUPMVSWRU[M]UWNSMQ[RQhUMScPO\UNSMUMUXS
cMMPQZQXUPMS]M^QPYOROPM]QMVfQ\]QMUSMVSWfQVOYQWRSMNQMRQP
pmuvqoxtymzorxovmzmpyuxoru{wx|qoqspux{oymqvormonmrurxoq{
ROVUMS]MQVSWYOVUMVU^UMNQMUQRUPMSM^PQiSMNQMYQPVUNSPOUgMcQYMS]M
[QPZOiSd
G_7H6KKK6
>6;4>
PRdM0dMWNQ^QWNQWRQYQWRQMNU[M[UWikQ[M^QWUO[gMVOZO[MQMUN
nutuzyvxyuxzovmuzyxzotxo{mwuz{x|qomzmpspxomzyoqovmzqtz
ZQXM^QXSMURSMNQMOY^PScONUNQM[]hQORSM[M[Q\]OWRQ[MVSYOWUikQ[gM]QM
^SNQYM[QPMU^XOVUNU[MO[SXUNUMS]MV]Y]XUROZUYQWRQgMNQMUVSPNSMVSYM
UM\PUZONUNQMNSMURS_M7QNUijSMNUNUM^QXUM9QOMWM0d0egMNQMee1d
MMWUMfO^~RQ[QMNSMUPRdM11gM^QPNUMNS[McQW[MS]MZUXSPQ[MUVPQ[VONS[M
OXOVORUYQWRQMUSM^URPOYWOSgMPQ[[UPVOYQWRSMOWRQ\PUXMNSMNUWSgM]UW
NSMfS]ZQPgM^QPNUMNUM]WijSM^bcXOVUgM[][^QW[jSMNS[MNOPQORS[M^SXRO
VS[MNQMSORSMUMNQMUWS[gM^U\UYQWRSMNQMY]XRUMVOZOXMNQMURTMRP[MZQQ[M
SMZUXSPMNSMUVPT[VOYSM^URPOYSWOUXMQM^PSOcOijSMNQMVSWRPURUPMVSYMSM
qrmvol{upqoqovmpmlmvolmtmpuqzoqoutpmtyuqzoszpxuzoqopvmru
RVOS[gMNOPQRUMS]MOWNOPQRUYQWRQgMUOWNUM]QM^SPMOWRQPYTNOSMNQM^Q[[SUM
h]PNOVUMNUM]UXM[QhUM[~VOSMYUhSPORPOSgM^QXSM^PUSMNQMNQMUWS[
MMWUMfO^~RQ[QMNSMUPRdM0egMPQ[[UPVOYQWRSMOWRQ\PUXMNSMNUWSgM^QP
NUMNS[McQW[MS]MZUXSPQ[MUVPQ[VONS[MOXOVORUYQWRQMUSM^URPOYWOSgM[QM
VSWVSPPQPMQ[RUMVOPV]W[R8WVOUgM^QPNUMNUM]WijSM^bcXOVUgM[][^QW[jSM
NS[MNOPQORS[M^SXROVS[MNQMVOWVSMUMSORSMUWS[gM^U\UYQWRSMNQMY]XRUM
VOZOXMNQMURTMN]U[MZQQ[MSMZUXSPMNSMNUWSMQM^PSOcOijSMNQMVSWRPURUPM
pqnoqoqrmvol{upqoqovmpmlmvolmtmpuqzoqoutpmtyuqzoszpxuzo
S]MVPQNORVOS[gMNOPQRUMS]MOWNOPQRUYQWRQgMUOWNUM]QM^SPMOWRQPYTNOSM
NQM^Q[[SUMh]PNOVUMNUM]UXM[QhUM[~VOSMYUhSPORPOSgM^QXSM^PUSMNQM
VOWVSMUWS[
`

MMWUMfO^~RQ[QMNSMUPRdM00gMPQ[[UPVOYQWRSMOWRQ\PUXMNSMNUWSgM[QM
fS]ZQPgM^QPNUMNUM]WijSM^bcXOVUgM[][^QW[jSMNS[MNOPQORS[M^SXROVS[M
NQMRP[MUMVOWVSMUWS[gM^U\UYQWRSMNQMY]XRUMVOZOXMNQMURTMVQYMZQQ[MSM
ZUXSPMNUMPQY]WQPUijSM^QPVQcONUM^QXSMU\QWRQMQM^PSOcOijSMNQMVSWRPU
yxvopqnoqoqrmvol{upqoqovmpmlmvolmtmpuqzoqoutpmtyuqzoszpxuzo
S]MVPQNORVOS[gMNOPQRUMS]MOWNOPQRUYQWRQgMUOWNUM]QM^SPMOWRQPYTNOSM
NQM^Q[[SUMh]PNOVUMNUM]UXM[QhUM[~VOSMYUhSPORPOSgM^QXSM^PUSMNQM
RP[MUWS[d
xvwvxqotupqoPxosx|qorxzomtxzovmuzyxzotmzyxo{muoqo
h]OMXQZUPMQYMVSWRUMUMQRQW[jSMNSMNUWSMVU][UNSgMU[[OYMVSYSMSM
^PSZQORSM^URPOYSWOUXMScRONSM^QXSMU\QWRQd
G_7H6K 6
>6;8>2>56;61;4
vyojooqzzmomoqommvppuqormoxwmtymol{upqospxnopqt
NOVOSWUNS[MMU^PQ[QWRUijSMNQMNQVXUPUijSMNS[McQW[MQMZUXSPQ[M]QM
pqn}mnoqozmoxyvun3tuqovuxrqoxosnormozmvoxvuxrxotqozmv
ZOiSMNQM^Q[[SUXMVSY^QRQWRQdM
M 01M M NQVXUPUijSM VSY^PQQWNQPM OY~ZQO[gM Y~ZQO[gM
[QYSZQWRQ[gMNOWfQOPSgMRR]XS[gMUikQ[gMQM]UX]QPMS]RPUMQ[^TVOQMNQM
cQW[MQMZUXSPQ[M^URPOYSWOUO[gMXSVUXOUNSMWSMaU[MS]MWSMQRQPOSPgMQgM
]UWNSMSPMSMVU[SgMUcPUW\QPMS[McQW[MQMZUXSPQ[M^URPOYSWOUO[MNSM
p3twmoqopqnxtmuvqorqzos{qzomormoqyvxzomzzqxzomouxno
[ScMUMNQ^QWNWVOUMQVSWYOVUMNSMNQVXUPUWRQgMQVX]NS[MU^QWU[MS[M
SchQRS[MQM]RQW[XOS[MNQM][SMNSYT[ROVSd
MMMNQVXUPUijSMNQMcQW[M[QPMUW]UXYQWRQMUR]UXOUNUMQMWUMNURUM
QYM]QMSMU\QWRQM^bcXOVSMNQOUPMSMQQPVVOSMNSMYUWNURSgMVUP\SgM
QY^PQ\SMS]M]WijSd
M6MQPM^]WONSMVSYMUM^QWUMNQMNQYO[[jSgMUMcQYMNSM[QPZOiSM
^bcXOVSgM[QYM^PQh]SMNQMS]RPU[M[UWikQ[MVUcZQO[gMSMU\QWRQM^bcXOVSM
]QM[QMPQV][UPMUM^PQ[RUPMNQVXUPUijSMNS[McQW[gMNQWRPSMNSM^PUSM
NQRQPYOWUNSgMS]M]QMUM^PQ[RUPMUX[Ud
MMLMNQVXUPUWRQgMUM[Q]MVPORTPOSgM^SNQPMQWRPQ\UPMV~^OUMNUM
NQVXUPUijSMUW]UXMNQMcQW[MU^PQ[QWRUNUMM`QXQ\UVOUMNUM7QVQORUM
QNQPUXMWUMVSWSPYONUNQMNUMXQ\O[XUijSMNSMY^S[RSM[ScPQMUM7QWNUM
QM^PSZQWRS[MNQM]UX]QPMWUR]PQUgMVSYMU[MWQVQ[[POU[MUR]UXOUikQ[gM
^UPUM[]^POPMUMQO\WVOUMVSWRONUMWSMVU^]RMQMWSMM1MNQ[RQMUPRO\Sd
G_7H6 6
5625;9:;456:9492>9=56;65625;56399>8
PRdM0dM]UX]QPM^Q[[SUM^SNQPMPQ^PQ[QWRUPMMU]RSPONUNQMUN
YOWO[RPUROZUMVSY^QRQWRQM^UPUM]QM[QhUMOW[RU]PUNUMOWZQ[RO\UijSMNQ[
ROWUNUMUMU^]PUPMUM^PROVUMNQMURSMNQMOY^PScONUNQd
M0MMPQ^PQ[QWRUijSgM]QM[QPMQ[VPORUMS]MPQN]ONUMUMRQPYSMQM
xzzutxrxopqtymvoxox{uspx|qorqovmvmzmtyxtymoxzoutqvnx|}mzo
[ScPQMSMURSMQM[]UMU]RSPOUMQMUMOWNOVUijSMNU[M^PSZU[MNQM]QMRQWfUM
VSWfQVOYQWRSd
MMMU]RSPONUNQMUNYOWO[RPUROZUMPQhQORUPMUMPQ^PQ[QWRUijSgM
QYMNQ[^UVfSM]WNUYQWRUNSgM[QMQ[RUMWjSMVSWROZQPMU[MSPYUXONUNQ[M
Q[RUcQXQVONU[MWSMM0MNQ[RQMUPRO\SdMMPQhQOijSMWjSMOY^QNQMUM
PQ^PQ[QWRUijSMUSM6 OWO[RTPOSMabcXOVSgMWS[MRQPYS[MNSMUPRdMMNQ[RUMXQOd
M6MRQWNONS[MS[MPQ]O[ORS[MNUMPQ^PQ[QWRUijSgMUMU]RSPONUNQM
NQRQPYOWUPMUMOYQNOURUMU^]PUijSMNS[MURS[M]QgMQYM[QMRPURUWNSMNQM
[QPZONSPQ[MQNQPUO[gM[QPM^PSVQ[[UNUMWUMSPYUM^PQZO[RUMWS[MUPR[dM02M
UM02MNUM9QOMWM2d00gMNQM00MNQMNQQYcPSMNQM011eMQgMQYM[QMRPURUWNSM
NQM[QPZONSPMYOXORUPgMNQMUVSPNSMVSYMS[MPQ[^QVROZS[MPQ\]XUYQWRS[M
NO[VO^XOWUPQ[d


PRdM0fdMMVSYO[[jSM^PSVQ[[UWRQMNUPMVSWfQVOYQWRSMUSM6 OWO[
RTPOSMabcXOVSMQMUSMPOc]WUXMS]MSW[QXfSMNQMSWRU[MNUMQO[RWVOUM
NQM^PSVQNOYQWRSMUNYOWO[RPUROZSM^UPUMU^]PUPMUM^PROVUMNQMURSMNQMOY
^PScONUNQd
aUP\PUSMbWOVSdMLM6 OWO[RTPOSMabcXOVSMS]MPOc]WUXMS]MSW[Q
XfSMNQMSWRU[M^SNQPgMUMPQ]QPOYQWRSgMNQ[O\WUPMPQ^PQ[QWRUWRQM^UPUM
UVSY^UWfUPMSM^PSVQNOYQWRSMUNYOWO[RPUROZSd
PRdM0dMGUZQWNSM]WNUNS[MOWNVOS[MNQMPQ[^SW[UcOXONUNQgMUM
VSYO[[jSMPQ^PQ[QWRUPMUSM6 OWO[RTPOSMabcXOVSMS]MM^PSV]PUNSPOUM
NSM~P\jSM^UPUM]QMPQ]QOPUMUSMh]SMVSY^QRQWRQMUMNQVPQRUijSMNSM
[Q]Q[RPSMNS[McQW[MNSMU\QWRQMS]MRQPVQOPSM]QMRQWfUMQWPO]QVONSM
OXOVORUYQWRQMS]MVU][UNSMNUWSMUSM^URPOYWOSM^bcXOVSd
M0MLM^QNONSMNQM[Q]Q[RPSM[QPM^PSVQ[[UNSMNQMUVSPNSMVSYMSM
NO[^S[RSMWS[MUPR[dM2MQM2fMNSM~NO\SMNQMaPSVQ[[SMOZOXd
M1M]UWNSMSPMSMVU[SgMSM^QNONSMOWVX]OPMUMOWZQ[RO\UijSgM
SMQUYQMQMSMcXS]QOSMNQMcQW[gMVSWRU[McUWVPOU[MQMU^XOVUikQ[M
stxtpmuvxzonxtyurxzom{qoutrupuxrqotqomymvuqvotqzoymvnqzorxo{muomo
NS[MRPURUNS[MOWRQPWUVOSWUO[d
PRdM07dMMUijSM^POWVO^UXgM]QMRQPMSMPORSMSPNOWPOSgM[QPM^PS
^S[RUM^QXSM6 OWO[RTPOSMabcXOVSMS]M^QXUM^Q[[SUMh]PNOVUMOWRQPQ[[UNUgM
NQWRPSMNQMRPOWRUMNOU[MNUMQQROZUijSMNUMYQNONUMVU]RQXUPd
ooComrxrxoxoyvxtzx|qoxpqvrqoqopqtpu{ux|qotxzox|}mzormo
]QMRPURUMSMVU^]Rd
MMMUQWNUMabcXOVUgM]UWNSMSPMSMVU[SgM^PSYSZQPMU[MUikQ[M
WQVQ[[POU[MMVSY^XQYQWRUijSMNSMPQ[[UPVOYQWRSMNSM^URPOYWOSM
^bcXOVSd
M6SMSMVU[SMNQMUMUijSM^POWVO^UXMRQPM[ONSM^PS^S[RUM^QXSM6 OWO[
RTPOSMabcXOVSgMU^XOVU[QgMWSM]QMVS]cQPgMSMNO[^S[RSMWSMM6SMNSMUPRdMSM
NUM9QOMWSMd707gMNQM1MNQMh]WfSMNQM01fdM
MMLM6 OWO[RTPOSMabcXOVSgM[QMWjSMOWRQPZOPMWSM^PSVQ[[SMVSYSM
xvymoxyxvoqlvuwxyqvuxnmtymopqnqoszpx{orxo{muozqlomtxormo
W]XONUNQd
MfSMM^PS^S[OR]PUMNUMUijSM^PQZQWOPMUMh]PO[NOijSMNSMh]SM^UPUM
RSNU[MU[MUikQ[M^S[RQPOSPYQWRQMOWRQWRUNU[M]QM^S[[]UYMUMYQ[YUM
VU][UMNQM^QNOPMS]MSMYQ[YSMSchQRSdMMSMMUijSM[QPMOW[RP]NUMVSYM
rqpnmtyqzoqozyuspx|qomopqtymtxnoutrpuqzozspumtymzorxo
QO[RWVOUMNSMURSMNQMOY^PScONUNQMS]MVSYMPUkQ[M]WNUYQWRUNU[M
NUMOY^S[[OcOXONUNQMNQMU^PQ[QWRUijSMNQM]UX]QPMNQ[[U[M^PSZU[gM
Sc[QPZUNUMUMXQ\O[XUijSMZO\QWRQgMOWVX][OZQMU[MNO[^S[OikQ[MOW[VPORU[M
WS[MUPR[dM0MUM02MNSM~NO\SMNQMaPSVQ[[SMOZOXdM
M7SMe[RUWNSMUMOWOVOUXMQYMNQZONUMSPYUgMSMh]OMYUWNUPMU]R]
F{xomoqvrmtxvoxotqyuspx|qorqovmmvurqoxvxoqmvmpmvonxtumzyx
|qoqvomzpvuyqomoqrmvozmvoutzyvrxopqnorqpnmtyqzomozyus
VUikQ[gMNQWRPSMNSM^PUSMNQM]OWQMNOU[dM
M2SM7QVQcONUMUMYUWOQ[RUijSgMSMh]OgMWSM^PUSMNQMRPOWRUMNOU[gM
QYMNQVO[jSM]WNUYQWRUNUgMPQhQORUPMUMUijSgM[QMVSWZQWVONSMNUMOWQ
O[RWVOUMNSMURSMNQMOY^PScONUNQgMNUMOY^PSVQNWVOUMNUMUijSMS]MNUM
OWUNQ]UijSMNUMZOUMQXQORUdM
MM1SM7QVQcONUMUM^QROijSMOWOVOUXgM[QPMSMPT]MVORUNSM^UPUMU^PQ
[QWRUPMVSWRQ[RUijSdM
M0edM`UMNQVO[jSM]QMPQVQcQPMUM^QROijSMOWOVOUXgMVUcQPMU\PUZSM
NQMOW[RP]YQWRSdM
M 00dM eYM ]UX]QPM U[QM NSM ^PSVQ[[SgM PQVSWfQVONUM UM
OWUNQ]UijSMNUMUijSMNQMOY^PScONUNQgMSMh]OMQROW\]OPMSM^PSVQ[[SM
[QYMh]X\UYQWRSMNSMYTPORSdM
`V

M0dM^XOVU[QMUS[MNQ^SOYQWRS[MS]MOW]OPOikQ[MPQUXOUNU[MWS[M
^PSVQ[[S[MPQ\ONS[M^SPMQ[RUM9QOMSMNO[^S[RSMWSMUPRdM0gMDMQMM0SgM
NSM~NO\SMNQMaPSVQ[[SMaQWUXdM
PRdM02dMM[QWRQWiUM]QMh]X\UPM^PSVQNQWRQMUijSMVOZOXMNQMPQ^U
PUijSMNQMNUWSMS]MNQVPQRUPMUM^QPNUMNS[McQW[MfUZONS[MOXOVORUYQWRQM
NQRQPYOWUPMSM^U\UYQWRSMS]MUMPQZQP[jSMNS[McQW[gMVSWSPYQMSMVU[SgM
QYMUZSPMNUM^Q[[SUMh]PNOVUM^PQh]NOVUNUM^QXSMOXVORSd
G_7H6 K6
>6959;6;4>9
PRdM01dMSW[ROR]OMVPOYQMUMPQ^PQ[QWRUijSM^SPMURSMNQMOY^PScONU
rmopqtyvxoxwmtymol{upqoqoymvpmuvqolmtmspuvuqoxtrqoqoxyqvo
NUMNQWbWVOUMSM[UcQMOWSVQWRQd
aQWU_MNQRQWijSMNQM[QO[MUMNQMYQ[Q[MQMY]XRUd
aUP\PUSMbWOVSdMXTYMNUM[UWijSM^QWUXgMSMNQW]WVOUWRQMQ[RM
[]hQORSMUMOWNQWOUPMSMNQW]WVOUNSM^QXS[MNUWS[MYURQPOUO[gMYSPUO[MS]M
MOYU\QYM]QMfS]ZQPM^PSZSVUNSd
PRdMedMM^QPNUMNUM]WijSM^bcXOVUMQMUM[][^QW[jSMNS[MNOPQORS[M
^SXROVS[M[~M[QMQQROZUYMVSYMSMRP8W[ORSMQYMh]X\UNSMNUM[QWRQWiUM
VSWNQWUR~POUd
aUP\PUSMbWOVSdMMU]RSPONUNQMh]NOVOUXMS]MUNYOWO[RPUROZUMVSY
^QRQWRQM^SNQPMNQRQPYOWUPMSMUU[RUYQWRSMNSMU\QWRQM^bcXOVSMNSM
QQPVVOSMNSMVUP\SgMQY^PQ\SMS]M]WijSgM[QYM^PQh]SMNUMPQY]WQ
vx|qoxtrqoxonmrurxozmosmvotmpmzzvuxoZoutzyv|qovqpmzzx{
PRdM0dMMU^XOVUijSMNU[M[UWikQ[M^PQZO[RU[MWQ[RUMXQOMOWNQ^QWNQ_
MMNUMQQROZUMSVSPPWVOUMNQMNUWSMUSM^URPOYWOSM^bcXOVSgM[UXZSM
]UWRSMM^QWUMNQMPQ[[UPVOYQWRSM7QNUijSMNUNUM^QXUM9QOMWM0d0egM
NQMee1d
MMNUMU^PSZUijSMS]MPQhQOijSMNU[MVSWRU[M^QXSM~P\jSMNQMVSWRPSXQM
OWRQPWSMS]M^QXSMPOc]WUXMS]MSW[QXfSMNQMSWRU[d
PRdMdMaUPUMU^]PUPM]UX]QPMOXVORSM^PQZO[RSMWQ[RUMXQOgMSM6 O
WO[RTPOSMabcXOVSgMNQMSVOSgMUMPQ]QPOYQWRSMNQMU]RSPONUNQMUNYO
WO[RPUROZUMS]MYQNOUWRQMPQ^PQ[QWRUijSMSPY]XUNUMNQMUVSPNSMVSYMSM
NO[^S[RSMWSMUPRdM0gM^SNQPMPQ]O[ORUPMUMOW[RU]PUijSMNQMOW]TPORSM
^SXOVOUXMS]M^PSVQNOYQWRSMUNYOWO[RPUROZSd
G_7H6 KK6
>62;295
PRdM6dM[MUikQ[MNQ[ROWUNU[MUMXQZUPMUMQQORS[MU[M[UWikQ[M^PQ
ZO[RU[MWQ[RUMXQOM^SNQYM[QPM^PS^S[RU[_
MMURTMVOWVSMUWS[MU^~[MSMRTPYOWSMNSMQQPVVOSMNQMYUWNURSgMNQM
pxvwqomnopqnuzzqoqormot|qormopqtsxt|x
oFormtyvqorqovxqovmzpvupuqtx{ovmuzyqomno{muomzmpspxo
^UPUMUXRU[MNO[VO^XOWUPQ[M^]WZQO[MVSYMNQYO[[jSMUMcQYMNSM[QPZOiSM
^bcXOVSgMWS[MVU[S[MNQMQQPVVOSMNQMVUP\SMQQROZSMS]MQY^PQ\Sd
G_7H6 KKK6
>6959;694>9
PRdMdMe[RUMXQOMQWRPUMQYMZO\SPMWUMNURUMNQM[]UM^]cXOVUijSd
PRdMfdMOVUYMPQZS\UNU[MU[M9QO[MW1[M6d0gMNQM01MNQMh]WfSMNQM
01f7gMQM6dfegMNQM0MNQMNQQYcPSMNQM01f2MQMNQYUO[MNO[^S[OikQ[M
QYMVSWRPPOSd
7OSMNQM
UWQOPSgMMNQMh]WfSMNQM011M0701MNUMWNQ^QWNWVOUMQM
0e1MNUM7Q^bcXOVUd
e7`LML99L7
ABPBIDM


E^F6G4KH6J6X7KG6H6<J KH6
h1KGHF
boruwqormoCyupxorqomvurqvol{upqomnoruzpu{utxrqo
^SPMYQOSMNSM`QVPQRSMQNQPUXMWM0d070011gM]QMNO[^kQM[ScPQMU[M
^UPROV]XUPONUNQ[MU^XOVUNU[MWU[MVSWN]RU[MTROVU[MNS[MQPZONSPQ[gMV]hUM
XQOR]PUMURQWRUMTMOY^PQ[VOWNZQXM^UPUMS[MQ[R]NS[MUVQPVUMNSMRQYUdM
`Q[[UMSPYUM[Q\]QMUMWRQ\PUMNSMRQRSMXQ\UX_
176
4UC11D4E
1M
vqxoqoruwqormoCyupxovqszzuqtx{orqomvurqvol{upqo
OZOXMNSMaSNQPMeQV]ROZSMQNQPUXd

753146107 30gMWSM][SMNU[MURPOc]OikQ[M
]QMXfQMVSWQPQMSMUPRdM2gMOWVO[S[McMQMcgMQMUOWNUMRQWNSMQYMZO[RUMSM
NO[^S[RSMWSMUPRdM67MNUMSW[ROR]OijSgMcQYMVSYSMWS[MUPR[dM00MQM007M
NUM9QOMW1M2d00gMNQM00MNQMNQQYcPSMNQM011egMQMWS[MUPR[dM0egM00MQM0M
NUM9QOMW1M2d1gMNQMMNQMh]WfSMNQM011g
1760
vyoYo4upxoxvqxrqoqoruwqormoCyupxovqszzuqtx{orqo
QPZONSPMabcXOVSMOZOXMNSMaSNQPMeQV]ROZSMQNQPUXgM]QMVSYMQ[RQM
cUOUd
PRdM1ML[M~P\jS[MQMQWRONUNQ[MNUMNYOWO[RPUijSMabcXOVUM
QNQPUXMNOPQRUMQMOWNOPQRUMOY^XQYQWRUPjSgMQYM[Q[[QWRUMNOU[gMU[M
vqurWtpuxzotmpmzzvuxzoZo{mtxouwWtpuxorqoruwqormoCyupxo
OWVX][OZQMYQNOUWRQMUMSW[ROR]OijSMNUMPQ[^QVROZUMSYO[[jSMNQM
CyupxoutymwvxrxoqvoyvWzozmvurqvmzoqomnvmwxrqzoyuy{xvmzormo
VUP\SMQQROZSMS]MQY^PQ\SM^QPYUWQWRQd
xvwvxqotupqoopqtzyuyu|qorxoqnuzzqormoCyupxozmvo
VSY]WOVUNUMMQVPQRUPOUMNUMNYOWO[RPUijSMQNQPUXMNUMaPQ[ONWVOUM
NUM7Q^bcXOVUgMVSYMUMOWNOVUijSMNS[MPQ[^QVROZS[MYQYcPS[MROR]XUPQ[M
QM[]^XQWRQ[d
PRdM61Me[RQMNQVPQRSMQWRPUMQYMZO\SPMWUMNURUMNQM[]UM^]cXOVUijSd
PU[XOUgMMNQMh]WfSMNQM011gM0761MNUMWNQ^QWNWVOUMQM0e1M
NUM7Q^bcXOVUd
6 7M7LM
B@BDQ
e[RQMRQRSMWjSM[]c[ROR]OMSM^]cXOVUNSMWSM`L5MNQM6dd011d
IJH
Z0[\]^\_^\
J;39=56;;2>8
G_7H6K
<;56K
>6;2>6;545889>
oFooruwturxrmoqormpqvqoqom{qoxomsppuxomoxopqtzpuWtpuxo
NS[M^POWV^OS[MYSPUO[M[jSM^POYUNS[MYUOSPQ[M]QMNQZQYMWSPRQUPM
SM[QPZONSPM^bcXOVSgM[QhUMWSMQQPVVOSMNSMVUP\SMS]M]WijSgMS]MSPUM
rm{moomovmlmyuvoqommvppuqorxoqpx|qorqovvuqoqrmvo
Q[RURUXdMQ][MURS[gMVSY^SPRUYQWRS[MQMUROR]NQ[M[QPjSMNOPQVOSWUNS[M
^UPUMUM^PQ[QPZUijSMNUMfSWPUMQMNUMRPUNOijSMNS[M[QPZOiS[M^bcXOVS[d
``

MMLM[QPZONSPM^bcXOVSMWjSM^SNQPMhUYUO[MNQ[^PQUPMSMQXQYQWRSM
TROVSMNQM[]UMVSWN]RUdM[[OYgMWjSMRQPM]QMNQVONOPM[SYQWRQMQWRPQMSM
XQ\UXMQMSMOXQ\UXgMSMh][RSMQMSMOWh][RSgMSMVSWZQWOQWRQMQMSMOWVSWZQWOQWRQgM
SMS^SPR]WSMQMSMOWS^SPR]WSgMYU[M^POWVO^UXYQWRQMQWRPQMSMfSWQ[RSMQM
SMNQ[SWQ[RSgMVSW[SUWRQMU[MPQ\PU[MVSWRONU[MWSMUPRdM67gMVU^]RMQMM1gM
NUMSW[ROR]OijSMQNQPUXd
MMMYSPUXONUNQMNUMNYOWO[RPUijSMabcXOVUMWjSM[QMXOYORUMM
NO[ROWijSMQWRPQMSMcQYMQMSMYUXgMNQZQWNSM[QPMUVPQ[VONUMNUMONQOUMNQM
moqosnoozmnvmoqolmnopqnnobomu{lvuqomtyvmoxo{mwx{urxrmo
moxostx{urxrmotxopqtryxorqozmvurqvol{upqoomoqrmvo
VSW[SXONUPMUMYSPUXONUNQMNSMURSMUNYOWO[RPUROZSd
cMMPQY]WQPUijSMNSM[QPZONSPM^bcXOVSMTMV][RQUNUM^QXS[MRPOc]RS[M
^U\S[MNOPQRUMS]MOWNOPQRUYQWRQM^SPMRSNS[gMURTM^SPMQXQM^P~^POSgMQM^SPM
O[[SM[QMQO\QgMVSYSMVSWRPU^UPRONUgM]QMUMYSPUXONUNQMUNYOWO[RPUROZUM
[QMOWRQ\PQMWSM`OPQORSgMVSYSMQXQYQWRSMOWNO[[SVOZQXMNQM[]UMU^XOVUijSM
mormozxostx{urxrmomvuwutrqFzmopqnqopqtzmWtpuxomnoxyqvormo
XQ\UXONUNQd
cMMLMRPUcUXfSMNQ[QWZSXZONSM^QXSM[QPZONSPM^bcXOVSM^QPUWRQMUM
VSY]WONUNQMNQZQM[QPMQWRQWNONSMVSYSMUVPT[VOYSMUSM[Q]M^P~^POSM
cQYQ[RUPgMhM]QgMVSYSMVONUNjSgMOWRQ\PUWRQMNUM[SVOQNUNQgMSMORSM
NQ[[QMRPUcUXfSM^SNQM[QPMVSW[ONQPUNSMVSYSM[Q]MYUOSPM^URPOYWOSd
oFoot|qol{upxormmozmvoyurxopqnqommvppuqovqszzuqtx{o
QgM^SPRUWRSgM[QMOWRQ\PUMWUMZONUM^UPROV]XUPMNQMVUNUM[QPZONSPM^bcXOVSdM
zzunoqzoxyqzomoxyqzomvuspxrqzotxopqtryxorqoruxFxFruxomnozxo
ZONUM^POZUNUM^SNQPjSMUVPQ[VQPMS]MNOYOW]OPMSM[Q]McSYMVSWVQORSMWUM
ZONUM]WVOSWUXd
cMMUXZSMS[MVU[S[MNQM[Q\]PUWiUMWUVOSWUXgMOWZQ[RO\UikQ[M
^SXOVOUO[MS]MOWRQPQ[[QM[]^QPOSPMNSMe[RUNSMQMNUM NYOWO[RPUijSMabcXOVUgM
UM[QPQYM^PQ[QPZUNS[MQYM^PSVQ[[SM^PQZOUYQWRQMNQVXUPUNSM[O\OXS[SgM
WS[MRQPYS[MNUMXQOgMUM^]cXOVONUNQMNQM]UX]QPMURSMUNYOWO[RPUROZSM
pqtzyuyuovmuzuyqormomsppuxomonqvx{urxrmomtzmxtrqozxoqnuzzqo
VSY^PSYQROYQWRSMTROVSMVSWRPUMSMcQYMVSY]YgMOY^]RZQXMUM]QYM
UMWQ\UPd
cMMSNUM^Q[[SUMRQYMNOPQORSMMZQPNUNQdMLM[QPZONSPMWjSM^SNQM
SYOROXUMS]MUX[QXUgMUOWNUM]QMVSWRPPOUMUS[MOWRQPQ[[Q[MNUM^P~^POUM
^Q[[SUMOWRQPQ[[UNUMS]MNUMNYOWO[RPUijSMabcXOVUdMQWf]YMe[RUNSM
^SNQMVPQ[VQPMS]MQ[RUcOXOUP[QM[ScPQMSM^SNQPMVSPP]^ROZSMNSMfcORSM
NSMQPPSgMNUMS^PQ[[jSMS]MNUMYQWROPUgM]QM[QY^PQMUWO]OXUYMURTM
YQ[YSMUMNO\WONUNQMf]YUWUM]UWRSMYUO[MUMNQM]YUMUijSd
MMMVSPRQ[OUgMUMcSUMZSWRUNQgMSMV]ONUNSMQMSMRQY^SMNQNOVUNS[M
USM[QPZOiSM^bcXOVSMVUPUVRQPOUYMSMQ[SPiSM^QXUMNO[VO^XOWUdMPURUPM
YUXM]YUM^Q[[SUM]QM^U\UM[Q][MRPOc]RS[MNOPQRUMS]MOWNOPQRUYQWRQM
zuwtuspxopxzxvF{morxtqonqvx{oOxonmznxoqvnxopxzxvorxtqoxo
]UX]QPMcQYM^QPRQWVQWRQMUSM^URPOYWOSM^bcXOVSgMNQRQPOSPUWNSSgM
^SPMNQ[V]ONSMS]MYMZSWRUNQgMWjSMVSW[ROR]OMU^QWU[M]YUMSQW[UMUSM
Q]O^UYQWRSMQM[MOW[RUXUikQ[MS]MUSMe[RUNSgMYU[MUMRSNS[MS[MfSYQW[M
NQMcSUMZSWRUNQM]QMNQNOVUPUYM[]UMOWRQXO\WVOUgM[Q]MRQY^SgM[]U[M
Q[^QPUWiU[MQM[Q][MQ[SPiS[M^UPUMVSW[RP]XS[d
MM`QOUPMSM[QPZONSPM^bcXOVSM]UX]QPM^Q[[SUMMQ[^QPUMNQM
[SX]ijSM]QMVSY^QRQMUSM[QRSPMQYM]QMQQPiUM[]U[M]WikQ[gM
^QPYOROWNSMUMSPYx|qormo{qtwxzos{xzoqox{mvoqyvxomzpumo
NQMURPU[SMWUM^PQ[RUijSMNSM[QPZOiSgMWjSMVUPUVRQPOUMU^QWU[MUROR]NQM
VSWRPUMUMTROVUMS]MURSMNQMNQ[]YUWONUNQgMYU[M^POWVO^UXYQWRQM\PUZQM
NUWSMYSPUXMUS[M][]POS[MNS[M[QPZOiS[M^bcXOVS[d
MMLM[QPZONSPMNQZQM^PQ[RUPMRSNUMUM[]UMURQWijSM[MSPNQW[MXQ\UO[M
NQM[Q][M[]^QPOSPQ[gMZQXUWNSMURQWRUYQWRQM^SPM[Q]MV]Y^POYQWRSgMQgM
U[[OYgMQZORUWNSMUMVSWN]RUMWQ\XO\QWRQdML[MPQ^QRONS[MQPPS[gMSMNQ[VU[SM
QMSMUVbY]XSMNQMNQ[ZOS[MRSPWUY[QgM[MZQQ[gMNOVQO[MNQMVSPPO\OPMQM
VUPUVRQPOUYMURTMYQ[YSMOY^P]NWVOUMWSMNQ[QY^QWfSMNUM]WijSM
^bcXOVUd


oFo\qrxoxzWtpuxoutzyuspxrxorqozmvurqvormozmo{qpx{ormo
RPUcUXfSMTMURSPMNQMNQ[YSPUXOUijSMNSM[QPZOiSM^bcXOVSgMSM]QM]U[QM
[QY^PQMVSWN]MMNQ[SPNQYMWU[MPQXUikQ[Mf]YUWU[d
MMLM[QPZONSPM]QMRPUcUXfUMQYMfUPYSWOUMVSYMUMQ[RP]R]PUM
SP\UWOUVOSWUXgMPQ[^QORUWNSM[Q][MVSXQ\U[MQMVUNUMVSWVONUNjSgM
VSXUcSPUMQMNQMRSNS[M^SNQMPQVQcQPMVSXUcSPUijSgM^SO[M[]UMUROZONUNQM
^bcXOVUMTMUM\PUWNQMS^SPR]WONUNQM^UPUMSMVPQ[VOYQWRSMQMSM
QW\PUWNQVOYQWRSMNUMUijSd
<;56KK
562949>96;=;2;656<;2=9526895
cMMjSMNQZQPQ[M]WNUYQWRUO[MNSM[QPZONSPM^bcXOVS_
UMNQ[QY^QWfUPgMUMRQY^SgMU[MURPOc]OikQ[MNSMVUP\SgM]WijSMS]M
QY^PQ\SM^bcXOVSMNQM]QM[QhUMROR]XUP
cM QQPVQPM []U[M URPOc]OikQ[M VSYM PU^ONQgM ^QPQOijSM QM
vmtrunmtyqoqtrqosnoqovqpvxtrqovuqvuyxvuxnmtymovmzq{mvo
zuyx|}mzovqpvxzyutxyvuxzovutpux{nmtymoruxtymormos{xzoqormo
]UX]QPMS]RPUMQ[^TVOQMNQMURPU[SMWUM^PQ[RUijSMNS[M[QPZOiS[M^QXSM
zmyqvomnomommv|xozxzoxyvulu|}mzopqnoqosnormomuyxvorxtqo
YSPUXMUSM][]POS
VM[QPM^PScSgMPQRSgMXQUXMQMh][RSgMNQYSW[RPUWNSMRSNUMUMOWRQ\PONUNQM
NSM[Q]MVUPRQPgMQ[VSXfQWNSM[QY^PQgM]UWNSMQ[ROZQPMNOUWRQMNQMN]U[M
S^ikQ[gMUMYQXfSPMQMUMYUO[MZUWRUhS[UM^UPUMSMcQYMVSY]Y
NMhUYUO[MPQRUPNUPM]UX]QPM^PQ[RUijSMNQMVSWRU[gMVSWNOijSM
Q[[QWVOUXMNUM\Q[RjSMNS[McQW[gMNOPQORS[MQM[QPZOiS[MNUMVSXQROZONUNQM
UM[Q]MVUP\S
QMRPURUPMV]ONUNS[UYQWRQMS[M][]POS[MNS[M[QPZOiS[MU^QPQOiSUWNSM
SM^PSVQ[[SMNQMVSY]WOVUijSMQMVSWRURSMVSYMSM^bcXOVS
MRQPMVSW[VOWVOUMNQM]QM[Q]MRPUcUXfSMTMPQ\ONSM^SPM^POWV^OS[M
TROVS[M]QM[QMYURQPOUXOUYMWUMUNQ]UNUM^PQ[RUijSMNS[M[QPZOiS[M
^bcXOVS[
\M[QPMVSPR[gMRQPM]PcUWONUNQgMNO[^SWOcOXONUNQMQMURQWijSgM
PQ[^QORUWNSMUMVU^UVONUNQMQMU[MXOYORUikQ[MOWNOZON]UO[MNQMRSNS[MS[M
][]POS[MNSM[QPZOiSM^bcXOVSgM[QYM]UX]QPMQ[^TVOQMNQM^PQVSWVQORSM
S]MNO[ROWijSMNQMPUiUgM[QSgMWUVOSWUXONUNQgMVSPgMONUNQgMPQXO\OjSgM
V]WfSM^SXROVSMQM^S[OijSM[SVOUXgMUc[RQWNS[QgMNQ[[UMSPYUgMNQM
VU][UPXfQ[MNUWSMYSPUX
fMRQPMPQ[^QORSMMfOQPUP]OUgM^SPTYM[QYMWQWf]YMRQYSPMNQM
PQ^PQ[QWRUPM VSWRPUM ]UX]QPM VSY^PSYQROYQWRSM OWNQZONSM NUM
Q[RP]R]PUMQYM]QM[QM]WNUMSMaSNQPMe[RURUX
OMPQ[O[ROPMUMRSNU[MU[M^PQ[[kQ[MNQM[]^QPOSPQ[MfOQPP]OVS[gMNQM
VSWRPURUWRQ[gMOWRQPQ[[UNS[MQMS]RPS[M]QMZO[QYMScRQPM]UO[]QPM
UZSPQ[gMcQWQ[[Q[MS]MZUWRU\QW[MOWNQZONU[MQYMNQVSPPWVOUMNQMUikQ[M
OYSPUO[gMOXQ\UO[MS]MUTROVU[MQMNQW]WVOXU[
hMQXUPgMWSMQQPVVOSMNSMNOPQORSMNQM\PQZQgM^QXU[MQO\WVOU[M
mzmpspxzorxormmzxorxourxomorxozmwvxt|xopq{myux
XM[QPMU[[N]SMQMPQ]QWRQMUSM[QPZOiSgMWUMVQPRQUMNQM]QM
zxoxzWtpuxovqqpxorxtqzoxqoyvxlx{qoqvrmtxrqovmlmyutrqo
WQ\UROZUYQWRQMQYMRSNSMSM[O[RQYU
YMVSY]WOVUPMOYQNOURUYQWRQMUM[Q][M[]^QPOSPQ[MRSNSMQM]UX]QPM
URSMS]MURSMVSWRPPOSMUSMOWRQPQ[[QM^bcXOVSgMQO\OWNSMU[M^PSZONWVOU[M
VUcZQO[
WMYUWRQPMXOY^SMQMQYM^QPQORUMSPNQYMSMXSVUXMNQMRPUcUXfSgM
[Q\]OWNSMS[MYTRSNS[MYUO[MUNQ]UNS[MM[]UMSP\UWOUijSMQM
NO[RPOc]OijS
SM^UPROVO^UPMNS[MYSZOYQWRS[MQMQ[R]NS[M]QM[QMPQXUVOSWQYM
VSYMUMYQXfSPOUMNSMQQPVVOSMNQM[]U[M]WikQ[gMRQWNSM^SPMQ[VS^SMUM
PQUXOUijSMNSMcQYMVSY]Y
`i

^MU^PQ[QWRUP[QMUSMRPUcUXfSMVSYMZQ[ROYQWRU[MUNQ]UNU[MUSM
QQPVVOSMNUM]WijS
MYUWRQP[QMUR]UXOUNSMVSYMU[MOW[RP]ikQ[gMU[MWSPYU[MNQM
[QPZOiSMQMUMXQ\O[XUijSM^QPROWQWRQ[MUSM~P\jSMSWNQMQQPVQM[]U[M
]WikQ[
PMV]Y^POPgMNQMUVSPNSMVSYMU[MWSPYU[MNSM[QPZOiSMQMU[MOW[RP]ikQ[M
[]^QPOSPQ[gMU[MRUPQU[MNQM[Q]MVUP\SMS]M]WijSgMRUWRSM]UWRSM^S[[ZQXgM
VSYMVPORTPOSgM[Q\]PUWiUMQMPU^ONQgMYUWRQWNSMR]NSM[QY^PQMQYMcSUM
SPNQYd
zoxpu{uyxvoxoszpx{ux|qormoyqrqzoxyqzoqozmvu|qzoqvomno
NQMNOPQORS
RMQQPVQPMVSYMQ[RPORUMYSNQPUijSMU[M^PQPPS\UROZU[M]WVOSWUO[M
]QMXfQM[QhUYMURPOc]NU[gMUc[RQWNS[QMNQMUXSMVSWRPUPOUYQWRQM
US[MXQ\ROYS[MOWRQPQ[[Q[MNS[M][]POS[MNSM[QPZOiSM^bcXOVSMQMNS[M
h]PO[NOVOSWUNS[MUNYOWO[RPUROZS[
]MUc[RQP[QgMNQMSPYUMUc[SX]RUgMNQMQQPVQPM[]UM]WijSgM^SNQPM
qoxyqvurxrmopqnostx{urxrmomzyvxtxoxqoutymvmzzmol{upqonmznqo
]QMSc[QPZUWNSMU[MSPYUXONUNQ[MXQ\UO[MQMWjSMVSYQRQWNSM]UX]QPM
ZOSXUijSMQ^PQ[[UMMXQO
ZMNOZ]X\UPMQMOWSPYUPMUMRSNS[MS[MOWRQ\PUWRQ[MNUM[]UMVXU[[QM
zqlvmoxomuzyWtpuxormzymoruwqormoCyupxomzyun{xtrqoqozmo
OWRQ\PUXMV]Y^POYQWRSd
<;56KKK
>6 ;>;6>56<;2=9526895
cMMeMZQNUNSMUSM[QPZONSPM^bcXOVS
UMSM][SMNSMVUP\SMS]M]WijSgMUVOXONUNQ[gMUYOUNQ[gMRQY^SgM
qzu|qomoutlWtpuxzoxvxoqlymvox{mvoxqvmpunmtyqoxvxozuo
S]M^UPUMS]RPQY
cM^PQh]NOVUPMNQXOcQPUNUYQWRQMUMPQ^]RUijSMNQMS]RPS[M[QPZONSPQ[M
S]MNQMVONUNjS[M]QMNQXQ[MNQ^QWNUY
VM[QPgMQYM]WijSMNQM[Q]MQ[^PORSMNQM[SXONUPOQNUNQgMVSWOZQWRQM
pqnomvvqoqoutvx|qoxomzymoruwqormoCyupxoqoxqoruwqormoCyupxo
rmozxovqszzq
rozxvormoxvyupuqzoxvxovqpvxzyutxvoqorusp{yxvoqommvppuqo
PQ\]XUPMNQMNOPQORSM^SPM]UX]QPM^Q[[SUgMVU][UWNSXfQMNUWSMYSPUXM
S]MYURQPOUX
mormuxvormoyu{uxvoqzoxxt|qzoyptupqzomopumtyspqzoxqozmo
UXVUWVQMS]MNSM[Q]MVSWfQVOYQWRSM^UPUMURQWNOYQWRSMNSM[Q]MYO[RQP
M^QPYOROPM]QM^QP[Q\]OikQ[gM[OY^UROU[gMUWRO^UROU[gMVU^POVfS[gM
xu}mzoqoutymvmzzmzormoqvrmnomzzqx{outymvsvxnotqoyvxyqopqnoqo
^bcXOVSgMVSYMS[Mh]PO[NOVOSWUNS[MUNYOWO[RPUROZS[MS]MVSYMVSXQ\U[M
fOQPUP]OVUYQWRQM[]^QPOSPQ[MS]MOWQPOSPQ[
\M^XQORQUPgM[SXOVORUPgM^PSZSVUPgM[]\QPOPMS]MPQVQcQPM]UX]QPM
yuqormoxrxostxtpmuvxowvxyuspx|qovWnuqopqnuzzqorqx|qo
S]MZUWRU\QYMNQM]UX]QPMQ[^TVOQgM^UPUM[OgMUYOXOUPQ[MS]M]UX]QPM
mzzqxoxvxoqopnvunmtyqorxozxonuzzqoqoxvxoutlmtpuxvo
qyvqozmvurqvoxvxoqonmznqosn
fMUXRQPUPMS]MNQR]P^UPMSMRQSPMNQMNSV]YQWRS[M]QMNQZUM
QWVUYOWfUPM^UPUM^PSZONWVOU[
OMOX]NOPMS]MRQWRUPMOX]NOPM]UX]QPM^Q[[SUM]QMWQVQ[[ORQMNSM
URQWNOYQWRSMQYM[QPZOiS[M^bcXOVS[
hMNQ[ZOUPM[QPZONSPM^bcXOVSM^UPUMURQWNOYQWRSMUMOWRQPQ[[QM
^UPROV]XUP
XM PQROPUPM NUM PQ^UPROijSM ^bcXOVUgM [QYM Q[RUPM XQ\UXYQWRQM
U]RSPOUNSgM]UX]QPMNSV]YQWRSgMXOZPSMS]McQYM^QPRQWVQWRQMUSM
^URPOYWOSM^bcXOVS


YMUQPM][SMNQMOWSPYUikQ[M^POZOXQ\OUNU[MScRONU[MWSM8YcORSM
OWRQPWSMNQM[Q]M[QPZOiSgMQYMcQWQVOSM^P~^POSgMNQM^UPQWRQ[gMNQM
UYO\S[MS]MNQMRQPVQOPS[
WM U^PQ[QWRUP[QM QYcPOU\UNSM WSM [QPZOiSM S]M SPUM NQXQM
fUcOR]UXYQWRQ
SMNUPMSM[Q]MVSWV]P[SMUM]UX]QPMOW[ROR]OijSM]QMURQWRQMVSWRPUM
UMYSPUXgMUMfSWQ[RONUNQMS]MUMNO\WONUNQMNUM^Q[[SUMf]YUWU
ommvpmvoxyuurxrmovqszzuqtx{oxyupxoqo{uwxvoqozmotqnmoxo
QY^PQQWNOYQWRS[MNQMV]WfSMN]ZONS[Sd
G_7H6KK
<6GH! K<<VJ<6J6X7KG
cMMeYMRSNS[MS[M~P\jS[MQMQWRONUNQ[MNUMNYOWO[RPUijSM
abcXOVUMQNQPUXMNOPQRUgMOWNOPQRUMU]RP]OVUMQM]WNUVOSWUXgMS]MQYM
]UX]QPM~P\jSMS]MQWRONUNQM]QMQQPiUMURPOc]OikQ[MNQXQ\UNU[M
m{qoqrmvol{upqormmvozmvopvuxrxonxoqnuzzqormoCyupxo
mtpxvvmwxrxormoqvumtyxvomoxpqtzm{xvozqlvmoxoyupxovqszzuqtx{o
NSM[QPZONSPgMWSMRPURUYQWRSMVSYMU[M^Q[[SU[MQMVSYMSM^URPOYWOSM
^bcXOVSgMVSY^QROWNSXfQMVSWfQVQPMVSWVPQRUYQWRQMNQMOY^]RUijSMS]M
NQM^PSVQNOYQWRSM[][VQ^RZQXMNQMVQW[]PUd
cMM7QZS\UNSM^QXSM`QVPQRSMWMde1gMNQMee7
oFooqnuzzqormoCyupxoutpnlmoqvtmpmvoxqzoqvwxtuznqzo
QWVUPPQ\UNS[MNUMQQV]ijSMNSM]UNPSMNQMVUPPQOPUMNS[M[QPZONSPQ[gM
S[MPQ\O[RPS[M[ScPQM[]UMVSWN]RUMTROVUgM^UPUMSMQQORSMNQMOW[RP]OPMQM
]WNUYQWRUPM^PSYSikQ[MQM^UPUMRSNS[MS[MNQYUO[M^PSVQNOYQWRS[M
^P~^POS[MNUMVUPPQOPUMNSM[QPZONSPM^bcXOVSd
MM7QZS\UNSM^QXSM`QVPQRSMWMde1gMNQMee7
MM7QZS\UNSM^QXSM`QVPQRSMWMde1gMNQMee7
MM7QZS\UNSM^QXSM`QVPQRSMWMde1gMNQMee7
MMM^QWUMU^XOVZQXMUSM[QPZONSPM^bcXOVSM^QXUMSYO[[jSMNQM
Cyupxooxormopmtzvxomozxotrxnmtyx|qopqtzyxvorqovmzmpyuqo
^UPQVQPgMU[[OWUNSM^SPMRSNS[MS[M[Q][MOWRQ\PUWRQ[gMVSYMVOWVOUMNSM
UXRS[Sd
MM7QZS\UNSM^QXSM`QVPQRSMWMde1gMNQMee7
oFoxvxostzormoxvx|qorqopqnvqnmyunmtyqoyupqo
QWRQWNQ[QM^SPM[QPZONSPM^bcXOVSMRSNSMU]QXQM]QgM^SPMSPiUMNQMXQOgM
VSWRPURSMS]MNQM]UX]QPMURSMh]PNOVSgM^PQ[RQM[QPZOiS[MNQMWUR]PQUM
^QPYUWQWRQgMRQY^SPPOUMS]MQVQ^VOSWUXgMUOWNUM]QM[QYMPQRPOc]OijSM
stxtpmuvxormzrmomo{uwxrqoruvmyxoqoutruvmyxnmtymoxox{mvo
~P\jSMNSM^SNQPMQ[RURUXgMVSYSMU[MU]RUP]OU[gMU[M]WNUikQ[M^bcXOVU[gM
U[MQWRONUNQ[M^UPUQ[RURUO[gMU[MQY^PQ[U[M^bcXOVU[MQMU[M[SVOQNUNQ[MNQM
QVSWSYOUMYO[RUgMS]MQYM]UX]QPM[QRSPMSWNQM^PQZUXQiUMSMOWRQPQ[[QM
NSMe[RUNSd
cMM7QZS\UNSM^QXSM`QVPQRSMWMde1gMNQMee7
`0
9e`7LgM 6 UPVQXSM a59LgM cOVQWRQdM B
D@DAB@BD@B01dMeNdMjSMaU]XS_M6 TRSNSgMe00d
7NgMaQRPWOSDD@B@@BDpAB(6M
QNdM9QYQa_M6 ]WNSM
]PNOVSgMee1d
`Mae7LgM6 UPOUMHXZOUMNUWQXXUdMBD@DABMdM
QNdMjSMaU]XS_MRXU[dMee1d
6 e7e99egMGQXHM9S^Q[dMBD@DAB6dMQNdM
jSMaU]XS_M6 UXfQOPS[gMeed
6 e99LgMQX[SMWRWOSMUWNQOPUMNQdMB@@B
D@DAB1dMeNdMjSMaU]XS_M6 UXfQOPS[gMe0d
`n

L7a3
5
U676Ib7$cdeMSM]QMVSWVQPWQMUSM
PQ]O[ORSM2&%/,J452*(.rqzoxyqzoxrnutuzyvxyuqzoopqvvmyqoxsvnxvo
]Q
MUNYORQgMVSYSMPQ\PUgMUMUZSVUijSgM^SO[MSM[]^QPOSPMfOQPP]OVSM
[QY^PQM^SNQPM^PUROVUPMURSMNQMVSY^QRWVOUMNSM[Q]MOWQPOSPd
MWjSMUNYORQgMQYM]UX]QPMfO^~RQ[QgMVSWZUXONUijSd
M[QMVSWROZQPMZVOSMNQMQVQ[[SMNQM^SNQPgMQW[QhUPMUMPQZS\UijSM
NSMURSMUNYOWO[RPUROZSd
`MTM[QY^PQMZOWV]XUNSd
U676b7$cdeMMLMYSROZSMNSMURSM
UNYOWO[RPUROZS
MWjSMOWRQPQPQMWUM[]UMZUXONUNQd
M^SNQM[QPMZOWV]XUNSd
M]UWNSMZOVOUNSgM^QPYORQMUM[]UMVSWZUXONUijSd
`M[QMOWQO[RQWRQgMUVUPPQRUMUM[]UMPQZS\UijSd
eMTMUMQ^S[OijSMNS[MURS[MQMNSMNOPQORSM]QM[QPZOPUYMNQM
]WNUYQWRSM^UPUMUM^PROVUMNSMURSd
IUdf676b7J39
f0f
MXOcQPNUNQMNQMQ[VSXfUM]UWRSMMS^SPR]WONUNQMQMVSWZQWOWVOUMNSM
URSMUNYOWO[RPUROZSM^PUROVUNSMWS[MXOYORQ[MNUMXQOMOW[QPQ[QMWSM8YcORSM
NU
MUPcORPUPOQNUNQd
MNO[VPOVOSWUPOQNUNQd
MZOWV]XUijSd
`MOY^QPUROZONUNQd
eMPQ\]XUYQWRUijSd
MUdf676b7$f0fM
qlvmoqzovmuzuyqzorqzoxyqzoxrnutuzyvxyuqzoopqvvmyqoxsvnxva
MeYMPQXUijSMUSMSchQRSgMSMURSMUNYOWO[RPUROZSM[QPM[QY^PQM
NO[VPOVOSWPOSd
MLMSchQRSMNSMURSMUNYOWO[RPUROZSMU^QWU[M[QPMWUR]PUXgMWjSM
^SNQWNSM[QPMUVONQWRUXgMNOQPQWRQYQWRQMNSM]QMSVSPPQMWSMWQ\~VOSM
h]PNOVSMNQMNOPQORSM^POZUNSd
obozu{Wtpuqoqrmozuwtuspxvoqvnxormonxtumzyx|qorxo
ZSWRUNQMNUMNYOWO[RPUijSM]UWNSMUMXQOMU[[OYMSM^PQZd
`MQMUMXQOMQO\QM^PSVQ[[SMNO[VO^XOWUPM^UPUMNQYO[[jSMNQM]YM
]WVOSWPOSgMUMUXRUMS]MSMZVOSMWU]QXQM^PSVQNOYQWRSM[jSMfO^~RQ[Q[M
NQMPQZS\UijSMNUMNQYO[[jSd
eMLMSchQRSMTMSMQQORSMh]PNOVSMYQNOURSM]QMSMURSM^PSN]gM
mtxtyqoxostx{urxrmooqommuyqounmruxyq
BU50dec0d#cJDUM
jSMSPYU[MNQM^PSZOYQWRSMNQMVUP\SM^bcXOVSgMQVQRS_
UM^PSYSijSd
cMU^PSZQORUYQWRSd
VMPQVSWN]ijSd
NMRPUW[QPWVOUd
QMPQZQP[jSd
gU676Ib7$cdeMSW[ROR]OMURSMNQM
OY^PScONUNQMUNYOWO[RPUROZUM]QMOY^SPRUMQWPO]QVOYQWRSMOXVORSgM
WS[MRQPYS[MNUM9QOMWSM2d1011_
M^QPYOROPMS]MUVOXORUPMUMU]O[OijSgM^QPY]RUMS]MXSVUijSMNQM
cQYMS]M[QPZOiSM^SPM^PQiSM[]^QPOSPMUSMNQMYQPVUNSd


M]ROXOUPgMQYMScPUMS]M[QPZOiSM^UPROV]XUPgMY]OWU[MNQM
^PS^POQNUNQMNUM5WOjSgMcQYMVSYSMSMRPUcUXfSMNQM[QPZONSPM^bcXOVSM
NUM5WOjSd
MU\OPMWQ\XO\QWRQYQWRQMWUMUPPQVUNUijSMNQMRPOc]RSMS]MPQWNUgM
cQYMVSYSMWSM]QMNOMPQ[^QORSMMVSW[QPZUijSMNSM^URPOYWOSM
^bcXOVSd
`MVQXQcPUPMVSWRPURSMNQMPURQOSMNQMVSW[~PVOSM^bcXOVSM[QYM
zspumtymomovuxorqyx|qoqv|xnmtyvuxoqozmnoqlzmvxvoxzo
SPYUXONUNQ[M^PQZO[RU[MWUMXQOd
ovmx{uxvoqmvx|qostxtpmuvxozmnoqlzmvXtpuxorxzotqvnxzo
XQ\UO[MQMPQ\]XUYQWRUPQ[
CU0hd6e7c
dUMM9QOMWSM2d11gM]QMNO[^kQM[ScPQMOY^PScONUNQM
UNYOWO[RPUROZUgMUXVUWiUMS[
MU\QWRQ[M^bcXOVS[gMNQ[NQM]QMVSYMZWV]XSM^QPYUWQWRQgM
YUWNURSMS]MVUP\SgMWU[MQWRONUNQ[MOWRQ\PUWRQ[MNUMNYOWO[RPUijSM
NOPQRUMS]MOWNOPQRUMNQMRSNS[MS[MaSNQPQ[d
MURS[MNSXS[S[gMQVX][OZUYQWRQgMNQ[NQM]QMQW[QhQYMXQ[jSM
USM^URPOYWOSM^bcXOVSMS]MZOSXUijSMUS[M^POWV^OS[MU^XOVZQO[MM
NYOWO[RPUijSMabcXOVUgM^PUROVUNS[M^SPMU\QWRQ[M^bcXOVS[MS]M^SPM
^UPROV]XUPQ[MVSYMZWV]XSMVSYMUMNYOWO[RPUijSd
MU\QWRQ[M^bcXOVS[MQMS[M^UPROV]XUPQ[M]QMOWN]UYMS]M
VSWVSPPUYM^UPUMUM^PROVUMNSMURSMNQMOY^PScONUNQMS]MNQXQM[QM
lmtmspumnormoqvnxoruvmyxoqoutruvmyx
`MURS[M^PUROVUNS[MVSWRPUMUMUNYOWO[RPUijSMNOPQRUgMOWNOPQRUM
S]M]WNUVOSWUXMNQM]UX]QPMNS[M^SNQPQ[MNQMRSNU[MU[MQ[QPU[MNUM
QNQPUijSgMQVX]NU[MU[MQWRONUNQ[M^POZUNU[M]QMPQVQcUYMPQV]P[S[M
^bcXOVS[MQVX][OZUYQWRQMUMRR]XSMNQM[]cZQWijSd
eMURS[MNSXS[S[MS]MV]X^S[S[M^PUROVUNS[M^SPMU\QWRQ[M^bcXOVS[M
S]M^SPM^UPROV]XUPQ[MVSYMZWV]XSMVSYMUMNYOWO[RPUijSgMNQ[NQM
]QMVU][QYgMV]Y]XUROZUYQWRQgMXQ[jSMUSM^URPOYWOSM^bcXOVSMQM
QWPO]QVOYQWRSMOXVORSd
Udec2 e5c02 TdM
ovmzmuyqorxonvqlurxrmornutuzyvxyuxoopqvvmyqoxsvnxva
M[M[UWikQ[M^PQZO[RU[MWUM9QOMWSM2d1011M[jSMU^XOVUNU[M
OWNQ^QWNQWRQYQWRQMNU[M[UWikQ[M^QWUO[gMVOZO[MQMUNYOWO[RPUROZU[M
vmuzyxzotxo{mwuz{x|qomzmpspx
MLMPSXMNU[MfO^~RQ[Q[MNQMY^PScONUNQMNYOWO[RPUROZUM
^PQZO[RU[MWUM9QOMWSM2d1011MTMRUUROZSd
M`QWRPQMU[M[UWikQ[M^PQZO[RU[MWUM9QOMNQMY^PScONUNQM
NYOWO[RPUROZUMWjSMVSW[RUMUM^PSOcOijSMNQMVSWRPURUPMVSYMSMaSNQPM
abcXOVSd
`MLVSPPQWNSMXQ[jSMUSM^URPOYWOSM^bcXOVSM^SPMUijSMS]M
SYO[[jSgMNUP[QMPQ[[UPVOYQWRSMOWRQ\PUXMNSMNUWSMU^QWU[M[QMSM
U\QWRQM^bcXOVSgMS]MSMRQPVQOPSgMU\O]MVSYMNSXSd
eM]UWNSMSMURSMNQMOY^PScONUNQMVU][UPMXQ[jSMUSM^URPOYWOSM
^bcXOVSMS]MQW[QhUPMQWPO]QVOYQWRSMOXVORSgMVUcQPMMU]RSPONUNQM
UNYOWO[RPUROZUMPQ[^SW[ZQXM^QXSMOW]TPORSMPQ^PQ[QWRUPMUSMaSNQPM

]NOVOPOSgM^UPUMUMOWNO[^SWOcOXONUNQMNS[McQW[MNSMOWNOVOUNSd
U
iec02 e0UM9QOMNQM
OY^PScONUNQMUNYOWO[RPUROZUM^PQZMPQ[[UPVOYQWRSgM^QPNUMNS[McQW[M
OXOVORUYQWRQMUVPQ[VONS[MUSM^URPOYWOSgMOWNO[^SWOcOXONUNQMNQMcQW[gM
^QPNUMNQM]WijSM^bcXOVUgM[][^QW[jSMNQMNOPQORS[M^SXROVS[MNQMfMUM2M
xtqzon{yxomovqulu|qormopqtyvxyxvoqovmpmlmvolmtmpuqzoszpxuzo
^SP
`

0MUWS[d
2MUWS[d
MUWS[d
10eMUWS[d
fMUWS[d
U
46D0ff67f5f6fh
0 MjSMSPYU[MNQM^PSZOYQWRSMNQMVUP\SM^bcXOVS_M
dMM^S[[QdM
dMSYQUijSdM
dM7QZQP[jSdM
cdMaPQQWVfOYQWRSMNS[MPQ]O[ORS[Mc[OVS[M^UPUMOWZQ[RON]PUdM
e[RjSM
776
5
jkl ^QWU[MSMORQYMdM
mkl ^QWU[MSMORQYMdM
nkl ^QWU[MS[MORQW[MMQMcdM
okl ^QWU[MS[MORQW[MMQMdM
UaL5MMe00MM7eMMWUXO[RUM
]NOVOPOSMMOPQUM

]NOVOPOUMMNYOWO[RPUijSMabcXOVUMScQNQVQPgMNQWRPQMS]RPS[gMUS[M
vutpuqzorxo{mwx{urxrmostx{urxrmonqyux|qovxqxlu{urxrmo
^PS^SPVOSWUXONUNQgM YSPUXONUNQgM UY^XUM NQQ[UgM VSWRPUNOR~POSgM
zmwvxt|xovrupxoutymvmzzmol{upqomomspuWtpuxoPqzovqpmzzqzo
UNYOWO[RPUROZS[M[QPjSMSc[QPZUNS[gMQWRPQMS]RPS[gMS[MVPORTPOS[MNQ_M
3UMR]UijSMVSWSPYQMUMXQOMQMSM`OPQORSgMSchQROZONUNQMWSM
URQWNOYQWRSMNSMOWRQPQ[[QM^bcXOVSgMZQNUNUMUM^PSYSijSM^Q[[SUXMNQM
U\QWRQ[MS]MU]RSPONUNQ[d
33UMR]UijSM[Q\]WNSM^UNPkQ[MTROVS[MNQM^PScONUNQgMNQVSPSMQM
lqxF4oru{wx|qoqspux{orqzoxyqzoxrnutuzyvxyuqzovmzzx{xrxzoxzo
fO^~RQ[Q[MNQM[O\OXSM^PQZO[RU[MWUMSW[ROR]OijSd
333UMWNOVUijSMNS[M^PQ[[]^S[RS[MNQMURSMQMNQMNOPQORSM]QM
NQRQPYOWUPQYMUMNQVO[jSd
3iUormx|qomtyvmonmuqzomostzomrxrxoxounqzu|qormo
ScPO\UikQ[gMPQ[RPOikQ[MQM[UWikQ[MQYMYQNONUM[]^QPOSPM]QXU[M
Q[RPORUYQWRQMWQVQ[[POU[MUSMURQWNOYQWRSMNSMOWRQPQ[[QM^bcXOVSdM
$
776
5
jkl ^QWU[MSMORQYMd
mkl ^QWU[MSMORQYMd
nkl ^QWU[MS[MORQW[MgMMQMd
okl SNS[MS[MORQW[dM
UeaeMMe0MM`ae7LMM`QQW[SPMabcXOVSM[[OWUXQMUM
S^ijSMVSPPQRUMUMPQ[^QORSMNUMOY^PScONUNQMUNYOWO[RPUROZUd
jkl SY^PSZUNSMURSMNQMOY^PScONUNQM]QMVU][QM^PQh]SMUSM
QPPOSgMSMU\QWRQM^bcXOVSMUV][UNSMNSMURSM^SNQPM[QPMVSWNQWUNSMUM
^QWUMNQM[][^QW[jSMNS[MNOPQORS[M^SXROVS[M^QXSM^PUSMNQMURTMNQMUWS[d
mkl Q\]WNSMUMNS]RPOWUMYUhSPORPOUgMUM^PScONUNQMUNYOWO[RPU
ROZUMRQYMWUR]PQUMNQMNOPQORSMOWNOZON]UXMfSYS\WQSd
nkl MLM[]hQORSM^U[[OZSMNQMURSMNQMOY^PScONUNQMUNYOWO[RPUROZUM
PQ[RPOW\Q[QMM^Q[[SUMh]PNOVUMNQMNOPQORSM^bcXOVSMUROW\ONUM^QXSMURSd
okl aPUROVUMURSMNQMOY^PScONUNQMUNYOWO[RPUROZUMSMU\QWRQM^b
cXOVSM]QMUN]OPQgM^UPUM[OMS]M^UPUMS]RPQYgMWSMQQPVVOSMNSMVUP\SMS]M
]WijSM^bcXOVUgMcQW[MV]hSMZUXSPM[QhUMNQ[^PS^SPVOSWUXMMQZSX]ijSMNSM
PQ[^QVROZSM^URPOYWOSMS]MPQWNUd
pkl Pqovmzyxtrqopqtswvxrqovmqostxtpmuvqoxvxoqomtymo
^bcXOVSMQgM^SPRUWRSgMU][QWRQMUMXQ[jSMUSM^URPOYWOSM^bcXOVSgMWjSMfM
NQM[QMUXUPMQYMQZQWR]UXMURSMNQMOY^PScONUNQMUNYOWO[RPUROZUd


IU0Ud6e
5cdUM\QWRQMNUMaPQQOR]PUMNSM6 ]WOV^OSMNQMPUVUh]gM
RQWNSMVSW[RURUNSM]QM]YMcUPMWUMVONUNQM]WVOSWUZUM[QYMUXZUPM
WQYMQDgMQMQYMVXUPSMNQ[UVSPNSMVSYMNQRQPYOWUNU[MWSPYU[M
QO\ONU[M^QXUMY]WOVO^UXONUNQMWSMRSVUWRQMUMRPURUYQWRSMUVb[ROVSMQM
UVQ[[OcOXONUNQMNSMQ[RUcQXQVOYQWRSgMPQ[SXZQMU^XOVUPMY]XRUdMPURU
[QgMWSM^PQ[QWRQMVU[SgMNQMYSNSMNQMYUWOQ[RUijSMNQM^SNQPMNUM
NYOWO[RPUijSMVSWfQVONSMWUMNS]RPOWUMVSYSM^SNQP
MfOQPP]OVSd
MPQ\]XUYQWRUPd
MNO[VO^XOWUPd
`MNQM^SXVOUd
eMNQMU]RSPONUNQd
MU0hd6e7cd
UMW[QPQY[QMQWRPQMU[MQWRONUNQ[MOWRQ\PUWRQ[MNUMNYOWO[RPUijSM
^bcXOVUMOWNOPQRUgMUXTYMNU[MQY^PQ[U[M^bcXOVU[gMU[
M[SVOQNUNQ[MNQMQVSWSYOUMYO[RUgMU[M]WNUikQ[M^bcXOVU[MQM
U[MLP\UWOUikQ[MSVOUO[MXO\UNU[MMNYOWO[RPUijSM^SPMVSWRPURSMNQM
\Q[RjSd
MU]RUP]OU[gM]WNUikQ[MQM[SVOQNUNQ[MNQMQVSWSYOUMYO[RUgM
]QM[jSM^Q[[SU[Mh]PNOVU[MNQMNOPQORSM^bcXOVSd
M[SVOQNUNQ[MNQMQVSWSYOUMYO[RUMQ^XSPUNSPU[MNQMUROZONUNQM
QVSWYOVUgM]QM[QM[]cYQRQYMUSMYQ[YSMPQ\OYQMh]PNOVSMNU[M
QY^PQ[U[M^POZUNU[MQMUS[M^POWV^OS[MU^XOVZQO[MMNYOWO[RPUijSM
abcXOVUd
`M]WNUikQ[MQMU]RUP]OU[gMQVX]NU[MU[M[SVOQNUNQ[MNQM
QVSWSYOUMYO[RUd
eM[SVOQNUNQ[MNQMQVSWSYOUMYO[RUgMQVQRSMU[M]QMS^QPUYMWSM
NSYWOSMQVSWYOVSMQYMPQ\OYQMNQMVSY^QROijSMVSYMU[MQY^PQ[U[M
^POZUNU[d
BUdc6707f0fMM
PQ[^QORSMNU[MQWRONUNQ[M^SXROVU[MQMUNYOWO[RPUROZU[gMVSW[ONQPQ_
dMaQ[[SU[Mh]PNOVU[MNQM`OPQORSMabcXOVSM]QMOWRQ\PUYMUMQ[RP]R]PUM
VSW[ROR]VOSWUXMNSMe[RUNSMQMRYM^SNQPQ[M^SXROVS[MQMUNYOWO[RPUROZS[d
dMaQ[[SU[Mh]PNOVU[MNQM`OPQORSMabcXOVSgMNQMWUR]PQUMYQPUYQWRQM
xrnutuzyvxyuxopvuxrxzoqvo{muomzmpspxoxvxovmx{ux|qormo
UROZONUNQ[gMScPU[MS]M[QPZOiS[MNQ[VQWRPUXOUNS[MNUMQWRONUNQMQ[RURUXM
]QMU[MVPOS]d
dMaQ[[SU[Mh]PNOVU[MNQM`OPQORSMaPOZUNSM]QgM^SPMXQOgM[jSM
U]RSPOUNU[MUM^PQ[RUPM[QPZOiS[MS]MPQUXOUPMUROZONUNQ[MNQMOWRQPQ[[QM
VSXQROZSMS]M^bcXOVSgMYU[MWjSMQVX][OZS[MNSMe[RUNSd
e[[Q[MVSWVQORS[MPQQPQY[QgMPQ[^QVROZUYQWRQgMUMQWRONUNQ[
MU]RP]OVU[gM]WNUVOSWUO[MQMQY^PQ[UPOUO[d
MQ[RURUO[gMU]RP]OVU[MQM^UPUQ[RURUO[MS]MNQMVSS^QPUijSd
MQ[RURUO[gM^UPUQ[RURUO[MS]MNQMVSS^QPUijSMQM]WNUVOSWUO[d
`M^UPUQ[RURUO[MS]MNQMVSS^QPUijSgMU]RP]OVU[MQMQ[RURUO[d
eMQ[RURUO[gMQY^PQ[UPOUO[MQM]WNUVOSWUO[d
gUdc676b7$f0fMMSM
]QMVSWVQPWQMUSMRQYUMB@D@@BBDDQMD
<DooPb66\boxsvnxva
MLM^Q[[SUXMNU[MQY^PQ[U[M^bcXOVU[MQMNU[M[SVOQNUNQ[MNQM
QVSWSYOUMYO[RUM[jSMVSW[ONQPUNS[MU\QWRQ[M^bcXOVS[gM^UPUMS[M
stzormoutpurWtpuxorxzozxt|}mzovmuzyxzotxo[muormonvqlurxrmo
NYOWO[RPUROZUd
`

M[M[SVOQNUNQ[MNQMQVSWSYOUMYO[RUMU^QWU[MRYMSPSMWUM

][ROiUMQNQPUXM]UWNSMUM5WOjSMOWRQPZTYMVSYSMU[[O[RQWRQMS]M
S^SQWRQMS]M]UWNSMUM5WOjSMSPM[]VQ[[SPUMNUMPQQPONUM[SVOQNUNQd
MYcU[M[SYQWRQM^SNQYM[QPMVPOUNU[M[QMfS]ZQPMU]RSPOUijSM
^SPMXQOMQzmpspxopxlmtrqoxqoqrmvompyuqoxzovqurWtpuxzo
VSY^XQYQWRUPQ[M^UPUM[]UMOW[ROR]OijSd
`MSMVU^ORUXMNQMQY^PQ[UM^bcXOVUgMWjSM[QMUNYORQMUM
^UPROVO^UijSMNQM^Q[[SUMh]PNOVUMNQMNOPQORSM^POZUNSgMUOWNUM]QM
OWRQ\PQMUMNYOWO[RPUijSMWNOPQRUd
eM[MQY^PQ[U[M^bcXOVU[M^SNQYMUNSRUPM]UX]QPMSPYUM
[SVOQRPOUgMOWVX][OZQMUMSPYUMNQM[SVOQNUNQM9]WO^Q[[SUXBd
CUMMe00MM7eaeMMWUXO[RUM
]NOVOPOSMMWXO[QMNQM
O[RQYU[SW[ONQPQMU[M[Q\]OWRQ[MU[[QPROZU[MUMPQ[^QORSMNUMh]NUMNQM
][RSMQMNU[M`OPOU[_
3UMMUYXOUMNSM[QPZONSPM]QMUXQVQPMWUMWSZUM[QNQM[jSM
U[[Q\]PUNS[MUh]NUMNQMV][RSMQMRPUW[^SPRQM^UPUMUMXSVUXONUNQMNQM
SPO\QYgMNQWRPSMNSM^PUSMNQM]YMUWSgMVSWRUNSMNSM~cORSdM
33UMMUh]NUMNQMV][RSMTMVUXV]XUNUM[ScPQMUMPQY]WQPUijSMNSM
[QPZONSPgMVSWSPYQM[QMNO[^][QPMQYMPQ\]XUYQWRSgMWjSM^SNQWNSM
QVQNQPMUMOY^SPR8WVOUMVSPPQ[^SWNQWRQMUM[QO[MYQ[Q[d
333UMS[MVU[S[MQYM]QMSMNQ[XSVUYQWRSMNUM[QNQMVSW[ROR]OPM
QO\WVOUM^QPYUWQWRQMNSMVUP\SgMSM[QPZONSPMWjSMUPMh][MUMNOPOU[dM
3iUMLM[QPZONSPM]QMPQVQcQPMNOPOU[MQMWjSM[QMUU[RUPMNUM[QNQgM
qvox{mvonqyuqospxoqlvuwxrqoxovmzyuyF{xzoutymwvx{nmtymotqo
^PUSMNQMVOWVSMNOU[dM
`QMUVSPNSMVSYMUM9QOMWM2d001egMQ[RMVSPPQRSMSM]QMVSW[RUM
aeMQY
qrsMQMcd
trsgMMQMd
ursgMMQMcd
vrsMQMcd
wrsMQMd
UMMe00MM7MMeM7exLMeMMWUXO[RUM

]NOVOPOSMMOPQUM
]NOVOPOUMMXOVQWiUM^SPMYSROZSMNQMNSQWiUMQYM
^Q[[SUMNUMUYXOUgMOWVX]NU[MU[M^PSPPS\UikQ[gM^SNQPM[QPMVSWVQNONUM
UMVUNUM^QPSNSMNQMNSQMYQ[Q[gMNQWRPQMS]RPU[gMWUM[Q\]OWRQMVSWNOijSgM
^SPMURT
ykl 0eMNOU[gMVSW[QV]ROZS[MS]MWjSgM[QYMPQY]WQPUijS
zkl 0eeMNOU[gMVSW[QV]ROZS[MS]MWjSgM[QYMPQY]WQPUijS
{kl 0eMNOU[gMVSW[QV]ROZS[gMYUWRONUMUMPQY]WQPUijSMNSM[QP
ZONSPd
|kl eMNOU[gMVSW[QV]ROZS[MS]MWjSgMYUWRONUMUMPQY]WQPUijSMNSM
[QPZONSPd
}kl 1eMNOU[gMVSW[QV]ROZS[gMYUWRONUMUMPQY]WQPUijSMNSM[QPZO
NSPd
U
46D0ff67f5f6fh
0 MSM[QPZONSPMQYMQ[R\OSM^PScUR~POSM^SNQPjSM[QPM
VSWVQNONU[MU[MXOVQWiU[MQMS[MUU[RUYQWRS[gMUcUOSMPQXUVOSWUNS[_M
dM9OVQWiUM^SPMYSROZSMNQMNSQWiUMQYM^Q[[SUMNUMUYXOUd
dM9OVQWiUM^UPUM[QPZOiSMYOXORUPdM
dM9OVQWiUM^UPUMNQ[QY^QWfSMNQMYUWNURSMVXU[[O[RUdM
cdM9OVQWiUM^SPMYSROZSMNQMUU[RUYQWRSMNSMVWh]\QMS]M
VSY^UWfQOPSdM


e[RM34
776

M ^QWU[MSMORQYM
M ^QWU[MSMORQYMcd
M ^QWU[MSMORQYMd
`M ^QWU[MSMORQYMd
UdfcJ2 fff
2 MMVUPUVRQP[ROVUM]QMNOQPQWVOUMSM^PSVQNOYQWRSMNSM
^PQ\jSM9QOMWSM0edfeeMNQMRSNS[MS[MNQYUO[M^PSVQNOYQWRS[M
XOVORUR~POS[M^PQZO[RS[MWUM9QOMWSM2d16M9QOMNQM9OVORUikQ[MTM
jkl qozqormo{xtpmzoxvxormstu|qorqomtpmrqvorqopmvyxnmo
mkl UMPQUXOUijSMNUMU[QMNQMfUcOXORUijSMQYMYSYQWRSM^S[RQPOSPM
MU[QMNQMh]X\UYQWRSdM
nkl UM^S[[OcOXONUNQMNQM[]c[ROR]OijSMNUMU^PQ[QWRUijSMNQMNSV]
YQWRS[MNQMfUcOXORUijSM^QXUMVSY^PSZUijSMNQMPQ\O[RPSMQYMVUNU[RPSM
NQMSPWQVQNSPQ[MYUWRONSM^QXUMNYOWO[RPUijSdM
okl UMVSWN]ijSMNSM^PSVQNOYQWRSM^SPMU]RSPONUNQMNQ[O\WUNUM
^QXUMNYOWO[RPUijSgMUSMOWZT[MNQMVSYO[[jSMNQMXOVORUijSdM
pkl SM][SMNSMVPORTPOSMNQMYQWSPM^PQiSM^UPUMh]X\UYQWRSMNU[M
^PS^S[RU[dM

MUdff656f0 fM
qtswvxouymzmormoruzmtzxormo{upuyx|qotqzoymnqzorxo[muotSM
2d16gMU_M
jkl VSWRPURUijSMNQM[QPZOiS[MRTVWOVS[MNQMWUR]PQUM[OW\]XUPgM
pqnovqszzuqtxuzoqomnvmzxzormotqyvuxomzmpux{ux|qo
mkl pqtyvxyx|qovmx{uxrxoqvotzyuyu|qoumtyspxomo\mptq
X~\OVUMMMS]M^SPMU\WVOUMNQMSYQWRSM^UPUMUMRPUW[QPWVOUMNQMRQV
WSXS\OUMQM^UPUMSMXOVQWVOUYQWRSMNQMNOPQORSMNQM][SMS]MNQMQ^XSPUijSM
NQMVPOUijSM^PSRQ\ONUdM
nkl opqtyvxyx|qormovqszzuqtx{ormox{mvozmyqvoxvyzyupqo
NOPQRUYQWRQMS]MURPUZT[MNQMQY^PQ[POSMQVX][OZSgMNQ[NQM]QMVSW[U
\PUNSM^QXUMVPROVUMQ[^QVOUXOUNUMS]M^QXUMS^OWOjSM^bcXOVUdM
okl VSY^PUMNQMYURQPOUXMcTXOVSgMS]MNQM][SM^Q[[SUXgMS]MUNYO
WO[RPUROZSgM^QXU[MSPiU[MPYUNU[gM]UWNSMfS]ZQPMWQVQ[[ONUNQMNQM
YUWRQPMUM^UNPSWOUijSMPQ]QPONUM^QXUMQ[RP]R]PUMNQMU^SOSMXS\[ROVSM
NS[MYQOS[MWUZUO[gMUTPQS[MQMRQPPQ[RPQ[d
pkl VSWRPURUijSMNQMPQYUWQ[VQWRQMNQMScPUgM[QPZOiSMS]MSPWQ
VOYQWRSgMQYMVSW[Q]WVOUMNQMPQ[VO[jSMVSWRPUR]UXgMNQ[NQM]QMURQW
rurxoxoqvrmnormop{xzzuspx|qorxo{upuyx|qoxtymvuqvovmzmuyxrqoqo
^PQiSMQWRjSMSQPQVONSM^QXSMWSZSMVSWRPURUNSdM

U
5fDd6ff1f6
f0 J$
"fR~ M`QMUVSPNSMVSYMUM9QOM
2d16M[jSMYSNUXONUNQ[MNQMXOVORUijSgMeeL_M
jkl LMXQOXjSdM
mkl LMVSWZORQdM
nkl MVSWZSVUijSMNQM^PQiS[dM
okl LMVSWV]P[SdM

BUdff656f0fh
0 oPbozmopqtswvxouymzmormoruzmtzxormo
XOVORUijSgMWS[MRQPYS[MNUM9QOMWM2d16gM
jkl WjSMUV]NOPMOWRQPQ[[UNS[MMXOVORUijSMUWRQPOSPMQMQ[RUgMh][RO
spxrxnmtymotqormvozmvovmmyurxozmnovmqoxvxoxornutuz
RPUijSgMYUWRONU[gMWQ[RQMVU[SgMRSNU[MU[MVSWNOikQ[M^PQQ[RUcQXQVONU[dM
mkl MUMVSWRPURUijSMNQMPQYUWQ[VQWRQMNQMScPUgM[QPZOiSMS]MSP
WQVOYQWRSgMQYMVSW[Q]WVOUMNQMPQ[VO[jSMVSWRPUR]UXgMOWNQ^QWNQWRQ
nmtymorxoqvrmnormop{xzzuspx|qorxo{upuyx|qoxtymvuqvonxzoxpmuyxzo
U[MYQ[YU[MVSWNOikQ[MSQPQVONU[M^QXSMXOVORUWRQMZQWVQNSPgMOWVX][OZQM
]UWRSMUSM^PQiSgMNQZONUYQWRQMVSPPO\ONSd
nkl UM5WOjSMROZQPM]QMOWRQPZOPMWSMNSYWOSMQVSWYOVSM^UPUM
PQ\]XUPM^PQiS[MS]MWSPYUXOUPMSMUcU[RQVOYQWRSdM
okl UM^S[[OcOXONUNQMNQMVSY^PSYQROYQWRSMNUM[Q\]PUWiUMWU
VOSWUXgMWS[MVU[S[MQ[RUcQXQVONS[MQYMNQVPQRSMNSMaPQ[ONQWRQMNUM7Q^b
cXOVUgMS]ZONSMSMSW[QXfSMNQM`QQ[UMUVOSWUXdM
pkl MUMVSWRPURUijSMNQMOW[ROR]OijSMcPU[OXQOPUMOWV]YcONUMPQ\O
YQWRUXMS]MQ[RUR]RUPOUYQWRQMNUM^Q[]O[UgMNSMQW[OWSMS]MNSMNQ[QW
ZSXZOYQWRSMOW[ROR]VOSWUXgMS]MNQMOW[ROR]OijSMNQNOVUNUMMPQV]^QPUijSM
[SVOUXMNSM^PQ[SgMNQ[NQM]QMUMVSWRPURUNUMNQRQWfUMOW]Q[ROSWZQXMPQ
yx|qoyupqFvqszzuqtx{omotqoymtxostzo{pvxyuqzo

IUdff67dfBb7J39

f0f
#$2 MMYSNUXONUNQMXOVORUR~POUM^PQ\jSM
jkl U^XOVU[QM^UPUMU]O[OijSMNQMcQW[MQM[QPZOiS[MVSY]W[gM^S
NQWNSM[QPMUNSRUNUMRUYcTYM^UPUMU[MVSY^PU[MQQR]UNU[M^QXSM[O[RQYUM
NQMPQ\O[RPSMNQM^PQiS[dM
mkl U^XOVU[QM^UPUMUMU]O[OijSMQMUXOQWUijSMNQMcQW[MNQMWUR]
PQUMVSY]YgMUU[RUNUMUM[]UMU^XOVUijSMWU[MVSY^PU[MQQR]UNU[M^QXSM
[O[RQYUMNQMPQ\O[RPSMNQM^PQiS[dM
nkl WjSM[QMU^XOVUM[MVSY^PU[MQQR]UNU[M^QXSM[O[RQYUMNQMPQ\O[
RPSMNQM^PQiS[gM[UXZSM^UPUMU]O[OijSMNQMcQW[MNQMWUR]PQUMQ[^QVOUXdM
okl U^XOVU[QM^UPUMVSWRPURUijSMNQM[QPZOiS[MQMScPU[MNQMWUR]
PQUMVSY]YMQMU]O[OijSMNQMcQW[gM[UXZSM[QMUNSRUNSMSM[O[RQYUMNQM
PQ\O[RPSMNQM^PQiS[dM
pkl WjSM[QMU^XOVUMMVSWRPURUijSMNQM[QPZOiS[MNQMQW\QWfUPOUMQM
VSWRPURUijSMNQMScPU[gM[UXZSM[MNQM^S]VUMVSY^XQONUNQMRTVWOVUdM

gU0Ud6e
5cdUMQ\]WNSMUM9QOMWSM0edfeeg
MU[MVSY^PU[MNQMcQW[MVSY]W[gM]UWNSMQQR]UNU[M^QXSM
[O[RQYUMNQMPQ\O[RPSMNQM^PQiS[gM^SNQPjSMUNSRUPMUMYSNUXONUNQM^PQ\jSd
MSM^PUSMNQMZUXONUNQMNU[M^PS^S[RU[MWSM^PQ\jSMTMNQM1eM
tqmtyxoruxzozmoqyvqotxqoyumvozurqosxrqomnomruyx{
MSM^PQ\jSMTMUMYSNUXONUNQMXOVORUR~POUMQY^PQ\UNUM^UPUM
xuzu|qormolmtzomozmvu|qzormolxuqox{qvozmtrqoxzzunormsturxzo
QYMXQOMU[MU]O[OikQ[MNQMURT
7M2deeegeeMSORSMYOXMPQUO[d
`MSM^PUSM^UPUMU^PQ[QWRUijSMNU[M^PS^S[RU[MWSM^PQ\jSM
WjSM[QPMOWQPOSPMUM0fM]OWQMNOU[MbRQO[gMVSWRUNS[MUM^UPROPMNUM
^]cXOVUijSMNSMUZO[Sd
eMSM^PQ\SQOPSMNQ[O\WUNSM^SPMU]RSPONUNQMVSY^QRQWRQMNQZQPM
[QPM^Q[[SUM]QMWjSMOWRQ\PQMSM]UNPSMNQM[QPZONSPQ[MNSM~P\jSMS]M
QWRONUNQM^PSYSRSPUMNUMXOVORUijSd

U5ff6f7
f0f
0 #$M`QMUVSPNSMVSYMUM9QOMNQM9OVORUikQ[MQMSWRPURS[gM
UMYSNUXONUNQMNQMXOVORUijSMSVSPPONUMQWRPQMOWRQPQ[[UNS[MNQZONUYQWRQM
VUNU[RPUNS[MS]M]QMURQWNUYMUMRSNU[MU[MVSWNOikQ[MQO\ONU[M^UPUM
VUNU[RPUYQWRSMURTMSMRQPVQOPSMNOUMUWRQPOSPMMNURUMNSMPQVQcOYQWRSMNU[M
vqqzyxzoqlzmvxrxoxotmpmzzvuxox{uspx|qormtqnutxFzm
jkl XQOXjSdM
mkl VSWVSPPWVOUdM
nkl RSYUNUMNQM^PQiS[dM
okl VSWV]P[SdM
pkl MVSWZORQdM


CUdff67ff6fh
0     95YM NS[M
^POWV^OS[MNUMNYOWO[RPUijSMabcXOVUMQO\QM]QMUMUROZONUNQM
UNYOWO[RPUROZUM[QhUMQQPVONUMVSYM^PQ[RQUgM^QPQOijSMQMPQWNOYQWRSM
]WVOSWUXdMM]WijSMUNYOWO[RPUROZUMhMWjSM[QMVSWRQWRUMQYM[QPM
NQ[QY^QWfUNUM U^QWU[M VSYM XQ\UXONUNQgM QO\OWNSM PQ[]XRUNS[M
^S[OROZS[M^UPUMSM[QPZOiSM^bcXOVSMQM[URO[UR~POSMURQWNOYQWRSMNU[M
WQVQ[[ONUNQ[MNUMVSY]WONUNQMQMNQM[Q][MYQYcP
S[BMGQXHM9S^Q[M
6 QOPQXXQ[dM`OPQORSMNYOWO[RPUROZSMPU[OXQOPSdM
LMVSWVQORSMPQQPQ[QMUSM^POWV^OSMNUM
ykl OY^Q[[SUXONUNQdM
zkl mspuWtpuxo
{kl XQ\UXONUNQdM
|kl YSPUXONUNQdM
}kl ^]cXOVONUNQdM
U
46D0ff67f5f0f
h
L[MaPOWV^OS[Mc[OVS[MNUMNYOWO[RPUijSMabcXOVUMQMNSM`OPQORSM
NYOWO[RPUROZSMVSW[ROR]QYMPQ\PU[MNQMSc[QPZ8WVOUM^QPYUWQWRQMQM
qlvuwxyvuxoxqornutuzyvxrqvoqrmnqzoxsvnxvao
3UoCormmvorqornutuzyvxrqvobcXOVSMUR]UPM[Q\]WNSMUMXQOgM
^PSOcONUM[]UMUR]UijSMpqtyvxF{mwmnomomyvx{mwmnoYovutpuqorxo
XQ\UXONUNQMS]MXQ\UXONUNQMQ[RPORUd
33UMMNYOWO[RPUijSMabcXOVUMQ[RMScPO\UNUMUM^SXOVOUPgMQYM
PQXUijSMUSMYTPORSMQMMXQ\UXONUNQgMS[MURS[MUNYOWO[RPUROZS[M]QM
^PUROVUgMQYMURQWNOYQWRSMUSM^POWV^OSMNUMU]RSR]RQXUdM
333UMMNYOWO[RPUijSMabcXOVUMNOPQRUMQMOWNOPQRUMNS[MaSNQPQ[M
NUM5WOjSgMNS[Me[RUNS[gMNSM`O[RPORSMQNQPUXMQMNS[M6 ]WOV^OS[M
ScQNQVQPMU^QWU[MUS[M^POWV^OS[MNQMSc[QPZ8WVOUMScPO\UR~POU_M
{mwx{urxrmounmzzqx{urxrmonqvx{ourxrmol{upurxrmomomspuWtpux
3iUomwtrqoqovutpuqorxostx{urxrmoqoxrnutuzyvxrqvol{upqo
tqoqrmovxyupxvotmtnoxyqomozmormzumorxostx{urxrmormo
[URO[UQPMSMOWRQPQ[[QM^bcXOVSMQYMNQRPOYQWRSMNQMOWRQPQ[[Q[M^POZUNS[dM
e[R$ML77eL_
ykl ^QWU[MSMORQYMd
zkl ^QWU[MSMORQYMd
{kl ^QWU[MS[MORQW[MgMMQMd
|kl ^QWU[MS[MORQW[MgMMQMcdM
U345636D6
31015ff1f02 f1
T
svnxFzmo xo vmzmuyqo rqo vutpuqo rxo mspuWtpuxo rxo
NYOWO[RPUijSMabcXOVUgM]QMQXQMSOMOW[QPONSMWUMUR]UXMSW[ROR]OijSM
QNQPUXMVSYMSMOWR]ORSMNQ_
ykl Q[RUcQXQVQPM]YMYSNQXSM\QPQWVOUXMNQMNYOWO[RPUijSM
zkl UQPM^PQZUXQVQPMSMYSNQXSMc]PSVPROVSMNQMNYOWO[RPUijSM
{kl ZUXSPOUPMUMSP\UWOUijSMfOQPP]OVUdM
|kl UQPM^PQZUXQVQPMUMZUXSPOUijSMNUMPO\ONQMNUMSPYUdM
}kl PQ[RPOW\OPMUM^UPROVO^UijSM^S^]XUPMNQM\Q[RjSdM
IU MCo
pqvvmyqoxsvnxvomoqoqrmvormoq{puxopqtmvutrqoxoqzzulu{urxrmo
NQMSMe[RUNSMXOYORUPMSMQQPVVOSMNUMXOcQPNUNQMS]MNU[MUV]XNUNQ[MNQM
^PS^POQRPOSgMQYM^PSXMNSMOWRQPQ[[QM^bcXOVSgM
jkl \QPUMUM^S[[OcOXONUNQMNQMVScPUWiUMNQM^PQiSM^bcXOVSdM
mkl [QMOW[RP]YQWRUXOUM[QY^PQgMQMU^QWU[gM^SPMYQOSMNQMUXZUPM
NQMU]RSPOUijSd
i

nkl ^UPUMUROW\OPMS[M[Q][MSchQROZS[MYUOSPQ[gMUU[RUMUMPUSUcOXO
NUNQgMQYM^PSXMNUM^PQNSYOW8WVOUMNSMOWRQPQ[[QM^bcXOVSdM
okl NQZQM[QPMQQPVONSMWS[MXOYORQ[MNUMXQOgM\QPUWNSMUM^S[[OcOXO
NUNQMNQMVScPUWiUMNQMRUUdM
IUdff676fb7J39
5f"
6f6MMPQ[^QORSMNS[M^SNQPQ[MNUMNYOWO[RPUijSgMTM
pqvvmyqoxsvnxvomoqoqrmvo
jkl NQM^SXVOUMVSW[ROR]OMUROZONUNQMNUMUNYOWO[RPUijSM^bcXOVUM
]QgMXOYORUWNSMS]MNO[VO^XOWUWNSMNOPQORSgMOWRQPQ[[QMS]MXOcQPNUNQgMPQ
\]XQMUM^PROVUMNQMURSMS]MUc[RQWijSMNQMURSgMQYMPUjSMNQMOWRQPQ[[QM
^bcXOVSMVSWVQPWQWRQgMQWRPQMS]RPS[gMM[Q\]PUWiUMQMMRPUW]OXONUNQM
^bcXOVUdM
mkl fOQPP]OVSM]WNUYQWRUMUMUZSVUijSgM^QXUMNYOWO[RPUijSM
NOPQRUgMNQMYURTPOU[MOW[QPONU[MWUMVSY^QRWVOUMNU[MU]RUP]OU[MUMQXUM
ZOWV]XUNU[dM
nkl MPQ\]XUYQWRUPMU]RSPOUMUMQNOijSgM^QXSMfQQMNSMeQV]RO
ZSgMNQMWSPYU[MVSY^XQYQWRUPQ[MMXQOgMUNYOROWNS[QMSMPQ\]XUYQWRSM
U]RWSYSM^UPUMYURTPOUMNQMSP\UWOUijSMUNYOWO[RPUROZUgMOWVX]OWNSMUM
VPOUijSMNQM~P\jS[MQMNQMVUP\S[M^bcXOVS[dM
okl NQM^SXVOUMTMQQPVONSM^QXSMaSNQPMeQV]ROZSgM^SPMOWRQPYT
NOSMNUMU]RSPONUNQMVSY^QRQWRQgMYQNOUWRQMUMQNOijSMNQMWSPYU[M\QPUO[M
VPOUWNSMScPO\UikQ[M^UPUMRSNUMUMVSXQROZONUNQgMNO[VO^XOWUNSPU[MNQM
UROZONUNQ[MOWNOZON]UO[gMVSWVQPWQWRQ[gMQWRPQMS]RPS[gMM[Q\]PUWiUgMM
fO\OQWQgMMSPNQYMQMUS[MVS[R]YQ[dM
pkl MfOQPP]OVSgMRUYcTYMNQWSYOWUNSMNO[VO^XOWUPgMVSPPQ[
^SWNQMUSM^SNQPMVSWQPONSMUS[MU\QWRQ[M^bcXOVS[M^UPUMQYOROPMSPNQW[M
UM[Q][M[]cSPNOWUNS[MQMU^XOVUPMU[M[UWikQ[MNO[VO^XOWUPQ[MWjSMQ^PQ[
[UYQWRQM^PQZO[RU[MQYMXQOd
IU6f7ff6f7f0dSM]QMNOM
PQ[^QORSMUSM^SNQPMNQM^SXVOUMNUMNYOWO[RPUijSMabcXOVUgMU[[OWUXQMUM
UXRQPWUROZUMVSPPQRUd
jkl [MYUWOQ[RUikQ[MOY^S[OROZU[MNUMNYOWO[RPUijSMabcXOVUM
[jSM[OWWOYU[MNSMQQPVVOSMNSM^SNQPMNQM^SXVOUMUNYOWO[RPUROZUdM
mkl LM^SNQPMQ^PQ[[ZQXMURPUZT[MNUMUROZONUNQMNQM^SXVOUMUN
YOWO[RPUROZUMTMSM]QMPQ[]XRUMNQM[]UM]UXONUNQMNQMQQV]RSPUMNU[MXQO[M
UNYOWO[RPUROZU[dM
nkl WVX]QY[QMWSMVUY^SMNUM^SXVOUMUNYOWO[RPUROZUMS[MURS[M
]QMUROW\QYMS[M][]POS[MNQM]YM[QPZOiSM^bcXOVSgMUMQXQMUNYORONS[gM
]UWNSMVSWVQPWQWRQ[M]QXQMQ[^QVOUXMRPURUYQWRSdM
okl LM^SNQPMNQMR]RQXUM[ScPQMU[MU]RUP]OU[gMS[MPQXUROZS[MUS[M
[QPZONSPQ[M^bcXOVS[MS]MUS[MVSWVQ[[OSWPOS[MNQM[QPZOiSM^bcXOVSM[jSM
Q^PQ[[kQ[MQURU[MNSMQ[^QVRPSMNQMU^XOVUijSMNSM^SNQPMNQM^SXVOUdM
IIU
46D0ff67f5f6fh
0 MLM[QPZONSPM^bcXOVS_
dMaSNQPMU][QWRUP[QMNSM[QPZOiSgM[QYM]UX]QPM^PQh]SgM
^SPM]YMNOUgM^UPUMNSUijSMNQM[UW\]QgM^SPMNSO[MNOU[gM^UPUM[QMUXO[RUPM
VSYSMQXQORSPMQM^SPMSORSMNOU[MVSW[QV]ROZS[MQYMPUjSMNQMVU[UYQWRSgM
UXQVOYQWRSMNQMVWh]\QgMVSY^UWfQOPSgM^UO[gMYUNPU[RUMS]M^UNPU[RSgM
s{qzomtymxrqzonmtqvozqlowxvrxoqoyym{xomouvnqzo
dMQPMVSWVQNONSMfSPPOSMQ[^QVOUXMUSM[QPZONSPMQ[R]NUWRQgM
]UWNSMVSY^PSZUNUMUMOWVSY^UROcOXONUNQMQWRPQMSMfSPPOSMQ[VSXUPMQM
SMNUMPQ^UPROijSgM[QYM^PQh]SMNSMQQPVVOSMNSMVUP\SgMOWNQ^QWNQWRQM
NQMVSY^QW[UijSMNQMfSPPOSdM
dMQPMVSWVQNONSMfSPPOSMQ[^QVOUXMUSM[QPZONSPM^SPRUNSPMNQM
rmspuWtpuxoxtrqopqnvqxrxoxotmpmzzurxrmoqvotyxonrupxo
qspux{outrmmtrmtymormopqnmtzx|qormoqvvuq


TMU[[Q\]PUNUgMWUMXSVUXONUNQMNUMWSZUMPQ[ONWVOUMS]MWUMYUO[M^P~OYUgM
YURPV]XUMQYMOW[ROR]OijSMNQMQW[OWSMVSW\WQPQgMQYM]UX]QPMT^SVUgM
OWNQ^QWNQWRQMNQMZU\Ud
e[R34
776

M ^QWU[MSMORQYMd
M ^QWU[MSMORQYMd
M ^QWU[MSMORQYMcd
`M ^QWU[MSMORQYMd
IMU4fDd7ffDd7f6M
ScPQMS[MNORUYQ[MNO[VO^XOWUPQ[M^PQZO[RS[MWUM9QOM2001egM]UWNSM
]YM[QPZONSPMU^PQ[QWRUM]UNPSMNQMOWU[[ON]ONUNQMfUcOR]UXgMU[M
^QWUXONUNQ[M^PQZO[RU[MWUMXQ\O[XUijSMQ[RUR]RPOUMNQRQPYOWUYMUM
U^XOVUijSMNQ_
qrsUNZQPRWVOU
trsNO[^SWOcOXONUNQ
ursNQYO[[jS
vrs[][^QW[jSMNQMURTM0fMNOU[
wrs[][^QW[jSMNQMURTM6eMNOU[d
IBUdff676fIb7J39
2 6f0
fdM6 UPOUgM[QPZONSPUM^bcXOVUMQ[RZQXgM
PQRSPWUPMUSMVUP\SMUWRQPOSPYQWRQMSV]^UNSMRQWNSMQYMZO[RUM[]UM
OWUcOXORUijSMQYMQ[R\OSM^PScUR~POSMPQXUROZSMUMS]RPSMVUP\SdM
S[TgM
RUYcTYM[QPZONSPM^bcXOVSMQ[RZQXgMPQRSPWUPMUSMVUP\SMUWRQPOSPYQWRQM
SV]^UNSgMQYMPUjSMNQMPQOWRQ\PUijSMNSMUWRQPOSPMSV]^UWRQdMS[M
RQPYS[MNUM9QOMWSM2d00011egMSMPQRSPWSMNQMRUO[M[QPZONSPQ[MNQWSYOWU
[QgMPQ[^QVROZUYQWRQg
jkl PQVSWN]ijSMQMU^PSZQORUYQWRSdM
mkl PQVSWN]ijSMQMPQVSWN]ijSdM
nkl MPQZQP[jSMQMPQVSWN]ijSdM
okl PQOWRQ\PUijSMQMPQVSWN]ijSdM
pkl PQUNU^RUijSMQMPQOWRQ\PUijSdM
J00736


I
M
B
g
C

I
M
B

1



1


0

1
1
1
1


i

g
C

I
M
B
g
C

I
I
I
II
IM
IB

1

1
1



0


0

1
0
1
0

0



M04
6085

012324356789
135

 !"#$%&
~lkmcfbegfbbkcbeqfkokjmkbekekpqikbejfe~ibmideeghi\
DIVCOIjmfenkkenkpjcoefbedkcfbebrpqckjmkbejkqkbbsocfbegfmkjmkbe
kekpqikbeih}denkeqfkokjmkbekjmokebcegioieieqfjbkqrfenfbef~lk\
KER@>?QA@Q@>K@>S?
?VU>KCOIDKI?DI>>I?Q@DK@?[UI?AI>EWI?@?PIADI?W@?>UPI>>@?@U?DJ@?
WC?EOQMIOIDKCGJ@?W@?QMCDIVCOIDK@?QA@Q@>K@S
O?@UKA@?C>QIPK@?[UI?OIAIPI?WI>KC[UI?Y?[UI?@?QMCDIVCOIDK@?
WIRI?P@D>EWIACA?@>?KIAPIEA@>?IDR@MREW@>?D@?QA@PI>>@S?
XAC_?C?EOQMIOIDKCGJ@?W@>?QMCD@>?QA@Q@>K@>?RCE?WIQIDWIA?WE\
AIKCOIDKI?WC>?QI>>@C>?IDR@MREWC>?IO?>UC?IIPUGJ@_?IO?K@W@>?@>?
D{RIE>S?
X?QMCDIVCOIDK@?WIRI?QAIRIA_?DC?OIWEWC?W@?Q@>>{RIM_?@>?IZIEK@>?
WI>>C?EDKIA\AIMCGJ@S?
=>>EO_?QCAC?@LKIA?EK@?@?QMCDIVCOIDK@?WIRI?EDPMUEA?KCDK@?@?
WIRI?>IA_?[UCDK@?@?Q@WI?>IA?I?@?ZCFIAS
a~icfeqfdfebjmkbkenkbbienkpjcfenfeghijklidkjmfebfe
CQAI>IDKCWC>?CMBUOC>?WC>?PCACPKIA{>KEPC>?W@?QMCDIVCOIDK@u
vS?X?QMCDIVCOIDK@?Y?UO?QA@PI>>@?QIAOCDIDKI?I?P@DK{DU@w
xS?X?QMCDIVCOIDK@?Y?>IOQAI?R@MKCW@?QCAC?@?ZUKUA@u?@?QMCDIVC\
OIDK@?I>K]?>IOQAI?MEBCW@?EDKEOCOIDKI??QAIRE>J@_?IOL@AC?DJ@?>I?
P@DZUDWC?P@O?IMCw
yS?X?QMCDIVCOIDK@?RE>C?>IMIPE@DCA_?IDKAI?R]AEC>?CMKIADCKERC>_?
UO?PUA>@?WI?CGJ@w
zS?X?QMCDIVCOIDK@?Y?>E>KOEP@u?WIRI?P@D>EWIACA?KCDK@?@?>E>KI\
OC?P@O@?@>?>UL>E>KIOC>?[UI?@?P@OQHIOw
S?X?QMCDIVCOIDK@?Y?EDKIACKER@w
S?X?QMCDIVCOIDK@?Y?UOC?KYPDEPC?WI?CM@PCGJ@?WI?AIPUA>@>?NU\
OCD@>?I?DJ@?NUOCD@>w
S?X?QMCDIVCOIDK@?Y?UOC?ZUDGJ@?CWOEDE>KACKERC?[UI?EDKIACBI?
P@O?C>?WIOCE>w?I
S?X?QMCDIVCOIDK@?Y?UOC?KYPDEPC?WI?P@@AWIDCGJ@?I?WI?EDKI\
BACGJ@S

'()*+,*-./+)0-)123,-435 -,/+)
6+7-8,35 -,/329)0-)+8:35 -,/+)-)
*+,/3;.2.030-)1<;2.*3(
123,-435 -,/+)6+7-8,35 -,/32
=>?@ABCDEFCGHI>?DJ@?KACLCMNCO?P@O?LC>I?DC?EOQA@RE>CGJ@S?
TUC>?CGHI>?>J@?QMCDIVCWC>?CDKIPEQCWCOIDKIS?
X?QMCDIVCOIDK@?Y?C?ZUDGJ@?CWOEDE>KACKERC?[UI?WIKIAOEDC?CD\
KIPEQCWCOIDKI?[UCE>?>J@?@>?@LVIKER@>?[UI?WIRIO?>IA?CKEDBEW@>?I?
P@O@?>I?WIRI?ZCFIA?QCAC?CMPCDG]\M@>S?^ACKC\>I_?Q@E>_?WI?UO?O@WIM@?
KI`AEP@?QCAC?CGJ@?ZUKUACS
abbcdefeghijklidkjmfegfnkebkoenkpjcnfeqfdferdemcgfenkeqsh\
PUM@?>EKUCPE@DCM?>E>KIO]KEP@?[UI?AIMCPE@DC?@?QAI>IDKI?P@O?@?ZUKUA@?
I?@?P@DNIPEOIDK@?P@O?C?CGJ@S
tUCKA@?IKCQC>?QAEDPEQCE>?P@OQHIO?@?QMCDIVCOIDK@u
vS?I>KCLIMIPEOIDK@?W@>?@LVIKER@>?C?CMPCDGCAw
xS?K@OCWC?WI?WIPE>HI>?C?AI>QIEK@?WC>?CGHI>?ZUKUAC>w
yS?IMCL@ACGJ@?WI?QMCD@>u?I
zS?CGJ@S
X?QMCDIVCOIDK@_?Q@AKCDK@_?P@OIGC?P@O?C?WIKIAOEDCGJ@?W@>?
@LVIKER@>?I?Q@>KIAE@AOIDKI?WIKCMNC?@>?QMCD@>?DIPI>>]AE@>?QCAC?CKED\
BE\M@>?WC?OIMN@A?Z@AOC?Q@>>{RIMS?
|hijklioe}enkpjcoefbef~lkmcfbekekbqfhkoeijmkqcginidkjmke
fedkhfoeqrobfenkeifegioieihqijshfbeeghijklidkjmfenkpjke
@DWI?>I?QAIKIDWI?PNIBCA_?@?[UI?WIRI?>IA?ZIEK@_?[UCDW@_?P@O@?I?IO?
[UI?>I[UIDPECS
I?CP@AW@?P@O?>IU?BACU?WI?COQMEKUWI_?@?QMCDIVCOIDK@?Q@WI?
>IA?PCKIB@AEFCW@?IO?KA>?D{RIE>?WE>KEDK@>u?@?QMCDIVCOIDK@?I>KACKYBE\
P@_?@?K]KEP@?I?@?@QIACPE@DCMS
X?QMCDIVCOIDK@?I>KACKYBEP@?Y?@?QMCDIVCOIDK@?OCE>?COQM@?I?
CLACDBIDKI?WC?@ABCDEFCGJ@S?
A@VIKCW@?C?M@DB@?QACF@_?KIO?>IU>?IZIEK@>?I?P@D>I[UDPEC>?
I>KIDWEW@>?C?R]AE@>?CD@>?QIMC?ZAIDKI_?CMYO?WI?IDR@MRIA?C?@ABCDE\
FCGJ@?P@O@?UO?K@W@_?CLACDBIDW@?K@W@>?@>?>IU>?AIPUA>@>?I?]AIC>?
WI?CKEREWCWI_?I?QAI@PUQCA\>I?IO?CKEDBEA?@>?@LVIKER@>?C?D{RIM?OCE>?
CLACDBIDKIS?
enkpjcnfegkhieqgrhieniefoijcifekeqfookbgfjnkeifeghijfe
OCE@A?C@?[UCM?K@W@>?@>?WIOCE>?I>KJ@?>UL@AWEDCW@>S
X?QMCDIVCOIDK@?K]KEP@_?Q@A?>IU?KUAD@_?Y?QA@VIKCW@?C?OYWE@?QAC\
F@_?BIACMOIDKI?QCAC?@?IIAP{PE@?CDUCMS?DR@MRI?>IBOIDK@>?WC?@A\
ijcifei~oijkjnfebkrbeokqrobfbekbgkqpqfbeke}enkpjcnfegfoe
PCWC?>IBOIDK@?WC?@ABCDEFCGJ@S
X?QMCDIVCOIDK@?@QIACPE@DCM?Y?@?QMCDIVCOIDK@?ZIEK@?QCAC?PCWC?
KCAIZC?@U?CKEREWCWIS?IACMOIDKI?Y?QA@VIKCW@?QCAC?@?PUAK@?QACF@_?
I?IDR@MRI?PCWC?KCAIZC?@U?CKEREWCWI?E>@MCWCOIDKI_?QAI@PUQCDW@\>I?
qfdefeihqijqkenkedkmibekbgkqpqib
=MBUD>?WIKCMNI>?WIRIO?>IA?@L>IARCW@>?D@?QA@PI>>@?WI?QMCDI\
VCOIDK@S
DEPECMOIDKI_?Y?ZUDWCOIDKCM?QCAC?@?>UPI>>@?W@?QMCD@?[UI?@?@L\
lkmcfeghijklinfebkliekpqieqfkokjmkekegfbbkhebf~efeocbqfenkefbe
QMCD@>?DJ@?>C{AIO?DIO?C@?OID@>?W@?QCQIM?CME]>_?UOC?WC>?PCU>C>?
W@?ED>UPI>>@?WI?OUEK@>?W@>?QMCD@>?B@RIADCOIDKCE>?CW@KCW@>?D@?
AC>EM_?P@O@?>I?RIA]?CWECDKI_?Z@E?VU>KCOIDKI?C?ZCMKC?WI?AEB@A?KYPDEP@?
jienkpjcfenfbef~lkmcfb

+8:35 -,/+)1<;2.*+
eoidkjmfe|~hcqfebkeqfdgkejrdecjbmordkjmfenfe
@RIAD@_?P@O?@?I>P@Q@?W@?OI>O@?IMCL@ACA?>IU?QMCD@?WI?KACLCMN@_?
CQAI>IDKCA??>@PEIWCWI?C>?CGHI>?[UI?>IAJ@?AICMEFCWC>_?P@DKA@MCA?
C?IIPUGJ@?WI>>C>?CGHI>?I?CRCMECA?@?BACU?WI?>UPI>>@?DC>?>UC>?
@QIACGHI>S?
I>KC?ZIEKC_?N]?[UI?>I?IDKIDWIA?[UIu
eefoidkjmfe}erdeghijfenkemoi~ihfenfefkojfe
eerdenfqrdkjmferkeqfjm}degofgfbmibegioiefegkofnfenke
UO?CD@S?
eerdenfqrdkjmfegofnrcnfegkhfe|fnkoekqrmcfeke
CQAIPECW@?QIM@?@WIA?IBE>MCKER@_?[UI?Q@WI?EDPMU>ERI?CMKIA]\M@?IO?
CMBUD>?C>QIPK@>S
klidfbeihrdibenkpjckbenfrmocjsocibeiqkoqienfeoidkjmfe
|~hcqf
?UOC?MIE?WI?EDEPECKERC?W@?Q@WIA?IIPUKER@_?I?CQA@RCWC?QIM@?
hkcbhimcferkekbmcdieieokqkcmiekepieienkbgkbienieindcjcbmoife
B@RIADCOIDKCMS?>>C?MIE?WIRI?>IA?IMCL@ACWC?Q@A?K@WC>?C>?I>ZIAC>?WI?
B@RIAD@?IO?UO?IIAP{PE@?QCAC_?WIQ@E>?WI?WIREWCOIDKI?CQA@RCWC_?
REB@ACA?D@?IIAP{PE@?>IBUEDKI?=X??=>>@PECGJ@?AC>EMIEAC?WI?
oidkjmfe|~hcqfehfbbsocfenkemkodfbefoidkjmsocfbekeipjb



krcjnfefbencbgfbcmcfbeniekcejfeekeibeipodikbe
ijmkocfokbegfnkdfbenkpjcoeiefjmi~chcninke|~hcqieqfdfebkjnfefe
ACO@?WC?P@DKCLEMEWCWI?[UI?P@MIKC_?AIBE>KAC?I?P@DKA@MC?@>?CK@>?I?ZCK@>?
WC?
CFIDWie|~hcqiedfbmoiefe|imocdjcfe|~hcqfekebribeiocikbe
LIO?P@O@?CP@OQCDNC?I?WIO@D>KAC?C?IIPUGJ@?W@?@AGCOIDK@S
e|khienkpjcfeijmkocfoenknrcdfberkeiefjmi~chcninke
|~hcqiekbmsecjmkokbbiniemid~}dekdemfnfbefbeimfbegoimcqinfbe
QIM@?CWOEDE>KACW@A_?>IVCO?WI?DCKUAIFC?@AGCOIDK]AEC?AIRE>J@?
WC?IPIEKC_?
ECGJ@?WC?I>QI>C_?OQIDN@_?I>PIDKACMEFCGJ@?
nkeo}ncmfbekmqebklidedkoidkjmkeindcjcbmoimcfbefjmoimfbe
fjjcfbeaqfonfbealrbmkbeaicbe cijibe ihfokbe bf~e
kbgfjbi~chcninkefdfnimfbenkekjbekmqeokgokbkjmimcfbenke
ihfokbegfmkjqcicberkegfnkofeikmioefe|imocdjcfeaee|ee|e
D@?ZUKUA@S

=?IE?W@?XAGCOIDK@?P@DKIA]?C?WE>PAEOEDCGJ@?WC?AIPIEKC?I?
nkbgkbienkefodieiekcnkjqcioeiegfhmcqiekqfjdcqiepjijqkcoieke
@?QA@BACOC?WI?KACLCMN@?W@?@RIAD@_?@LIWIPEW@>?@>?QAEDP{QE@>?WI?
rjcninkerjckobihcninkekeijrihcninkeaomeeniekceje
?@?CK@?QIM@?[UCM?@?@WIA?IPUKER@?QAIR?I?@?@WIA?
IBE>MCKER@?MNI?CUK@AEFC_?Q@A?PIAK@?QIA{@W@_?I?IO?Q@AOID@A_?C?
IIPUGJ@?WC>?WI>QI>C>?WI>KEDCWC>?C@?ZUDPE@DCOIDK@?W@>?>IAREG@>?
g~hcqfbekefrmofbepjbeinfminfbegkhiegfhmcqiekqfjdcqiefrekoihe
W@?QC{>_?C>>EO?P@O?C?CAAIPCWCGJ@?WC>?AIPIEKC>?V]?PAECWC>?IO?MIE?
aeahcfdioediecjmofnrfeeqcjqcienibepjijibene
fokjbkeeknee
XL>IARIO@>? IDKJ@? C>? PCACPKIA{>KEPC>? ZUDWCOIDKCE>? W@?
foidkjmfeg~hcqf

()3).,/-87-,:+)0+)-/30+)
,3)-*+,+5 .3(
)

efqrdkjmfehkihekhi~foinfegkhfe|fnkoekqrmcfeke
CUK@AEFCW@?QIM@?@WIA?IBE>MCKER@_?[UI?Q@WI?ZCFIA?CMKIACGHI>?D@?
dkbdfekdkjnibeifefoidkjmf
efdgokkjnkerdenkmkodcjinfegkofnfenkemkdgfenfke
dkbkbefeqidinfeijfepbqihekemkdebriecjqciehcdcminieiekbmke
QIA{@W@w
fjbmcmrcbkejrdeghijfenkemoi~ihfenfefkojfejkbbkedkbdfe
QIA{@W@?WI?KIOQ@_?WI>PAIRIDW@?C>?CGHI>?[UI?>IAJ@?IIPUKCWC>w
fjm}derdiegokcbfenibenckobibeokqkcmibeiebkokde
iookqininibegkhfe|fnkoe|~hcqf
efjm}derdieirmfocifegioieibenckobibenkbgkbibeiebkokde
AICMEFCWC>_?DC?AICMEFCGJ@?WC>?CGHI>?QAIRE>KC>S

X?>KCW@?EDKIARYO?D@?W@O{DE@?IP@D OEP@?I?>@PECM_?Q@A?OIE@?
nibepjijibeg~hcqibekeqfdfecjbmordkjmfenkbbiecjmkokjfe
EDEPEC\>I_?C>>EO_?@?PNCOCW@?QIA{@W@?12WC>?AIZIAEWC>?
pjijibe
aegocdkcoieoijnkeqioiqmkobmcqienibepjijibenfbencibenkeflke
Y?@?34201130105422542CKACRY>?WC?UKEMEFCGJ@?W@>?
KAELUK@>S?
TIU?@UKA@?KACG@?O CAPCDKI?Y?C?QAI@PUQCGJ@?P@O?C?514042
W@?EOQ@>K@_?UOC?RIF?[UI?@?>KCW@?WIE@U?WI?KAELUKCA?WI?Z@AOC?EBUCM?
C?K@W@>?@>?P@DKAELUEDKI>?QCAC_?C@?P@DKA]AE@_?MIRCA?IO?P@DKC_?>IOQAI?
[UI?Q@>>{RIM_?DC?EOQ@>EGJ@?WC?PCABC?KAELUK]AEC_?C>?[UCMEWCWI>?WI?
PCWC?UOS?^@AD@U\>I?OCE>?VU>KC?C?KAELUKCGJ@_?Q@A[UI?PCWC?PEWCWJ@?
QC>>@U?C?QCBCA?EOQ@>K@?DC?OIWEWC?WI?>UC?3443042310 604!2
nkebrieigmcnfekqfjdcqienkegiioemoc~rmfbeeiome"e#e$
=>>EO?>IDW@_?@?>KCW@_?QCAC?C?>@MUGJ@?W@>?QA@LMIOC>?
IP@D OEP@>?I?>@PECE>_?QC>>@U?C?B@FCA?WI?UOC?@QGJ@?[UCDK@?>?
OIWEWC>?WI?[UI?WE>QHI?QCAC?CMPCDGCA?@?@LVIKER@?CDKI>?AIZIAEW@S?
=MYO?WC>?OIWEWC>?WI?@AWIO?P@IAPEKERC?I?BIACMOIDKI?QA@ELEKERC>_?
Q WI?@LKIA?@?OI>O@?AI>UMKCW@?CKACRY>?WC?UKEMEFCGJ@?W@?KAELUK@?
qfderdiepjihcninke%&'()*+,)-./P@O@?ED>KAUOIDK@?WI?EDKIARIDGJ@_?
QIAOEKEDW@\MNI?UOC?CKEREWCWI?OID@>?P@IAPEKERC?I?OCE>?AI>QIEK@>C?
WC?MELIAWCWI?W@>?EDWER{WU@>S

?EOQ@AKCDKI?ZAE>CAO@>?[UI?D@?[UI?P@DPIADI?>?WI>QI>C>_?@?
@AGCOIDK@?Y?3/+8.3/.7+9))9)))))
)))))))8)'))))
)'9)))))))))))
)9)))))))(
X?IPUKER@_?D@?PC>@?IO?P@OIDK@_?Q@WIA]?BC>KCA?D@?O]EO@?
?v?OEMNHI>??WI?CP@AW@?P@O?C?IE?XAGCOIDK]AEC?CQA@RCWC?QIM@?
kcbhimcfeedibegfnkeibmioedkjfberkecbbfefeqfjmosocfefre
>IVC_?PC>@?Z@>>I?@LAEBCW@?@?IPUKER@?C?AICMEFCA?K@WC>?C>?WI>QI>C>?
QAIRE>KC>_?I>KCA{CO@>?CQMEPCDW@?@?@AGCOIDK@?EOQ@>EKER@_?[UI?DJ@?
>I?CQMEPC?0123456S
7feoibchefefoidkjmfeg~hcqfe}ea89a8egfcbe
kbmcdieibeokqkcmibekepiehcdcmkbedscdfbegioieibenkbgkbib

.,/-87-,:+) 0+) -/30+) ,3) -*+,+5 .30)

,-*-.030-)-)1+85 3(

*+,/3;.2.030-)1<;2.*3

X?KIAO@?EDKIARIDGJ@?Q@WI?>IA?IDKIDWEW@?P@O?CKUCA?IO?]AIC?
WI?@UKAIO_?CWIDKACA?D@>?OICDWA@>?[UI?IKACQ@MCO?C?D@AOCM?
P@OQIKDPEC?W@?>KCW@S?ECDKI?WE>>@_?KACD>QCAIPI_?Q@E>_?C?EWIEC?
WI?[UI?C?CKUCGJ@?DC?IP@D@OEC?Y?P@DPILEWC?P@O@?UOC?CKEREWCWI?
PCACPKIA{>KEPC?WC?EDEPECKERC?QAERCWC_?>IDW@?C?QAI>IDGC?W@?>KCW@_?
DI>>I?>IBOIDK@_?AIP@DNIPEWC?P@O@?UOC?I>QYPEI?WI?2EDRC>J@3_?UOC?
EDKIAZIADPEC?DC?]AIC?QA`QAEC?WI?@UKAIOS
7kbbkegibbfecjmkokjfekeimrifemdeiedkbdiebcjcpqife
[UCM?>IVC_?@?>KCW@?CBEDW@?DC?CKEREWCWI?IP@D OEPCS
krjnfeiefjbmcmrcfeniekg~hcqieknkoimcienfeoibche
IO?>IU?CAKEB@?vy?I?vz_?N]?WUC>?Z@AOC>?WI?EDKIARIDGJ@?W@?>KCW@?
DC?CKEREWCWI?IP@D OEPC_?DC?QAEOIEAC_?WEAIKCOIDKI_?WE>QUKCDW@?@?
OIAPCW@?P@O?@?QCAKEPUMCA_?D@>?PC>@>?WI?EOQIACKER@>?WI?>IBUACDGC?
frenkeokhkijmkecjmkokbbkeg~hcqfejfebkrjnfecjncokmidkjmkefe
>KCW@?CQIDC>?CWOEDE>KAC?C>?P@DWUKC>?AIZIAIDKI>??]AIC?IP@D OEPCS

aefjmi~chcninkeaghcqinieeandcjcbmoife|~hcqiebkliejie
]AIC?
IWIACM_?>KCWUCM_? UDEPEQCM?@U?D@?E>KAEK@?
IWIACM_?KIO_?
qfdfepfeqfjnrmfoeiekcejeenkeenkediofenkeerke
kbmimrcejfodibekoicbenkencokcmfepjijqkcofegioieiekhi~foifekefe
P@DKA@MI?W@>?@AGCOIDK@>?I?LCMCDG@>?WC?DEJ@_?W@>?>KCW@>_?W@>?
 UDEP{QE@>?I?W@?E>KAEK@?
IWIACMS
abbcdeokcbmoieiegokcbfenieokqkcmiekeiepifenienkbgkbie
kbmi~khkqcniejfeoidkjmfe|~hcqfeigofinfegioiefekkoqqcfe
I>PAEKUAC?C?IIPUGJ@?@AGCOIDK]AEC?WC?AIPIEKC?I?WC?WI>QI>C_?ZCF?C?
P@OQCACGJ@?IDKAI?C?QAIRE>J@?I?C?AICMEFCGJ@?WC>?AIPIEKC>?I?WI>QI>C>_?
P@DKA@MC?C>?@QIACGHI>?WI?PAYWEK@>_?C?W{REWC?CKERC_?@>?RCM@AI>_?@>?
PAYWEK@>?I?@LAEBCGHI>_?AIRIMC?C>?RCAECGHI>?QCKAEO@DECE>?I?O@>KAC?@?
RCM@A?W@?QCKAEO DE@S


IP@D OEPC_?[UCM?>IVC_?C[UIMC?QACKEPCWC?Q@A?OIE@?W@>?KAELUK@>?
ED>KEKU{W@>_?RE>C\>I?Z@OIDKCA?@U?WI>I>KEOUMCA?CMBUD>?>IBOIDK@>?WI?
CKEREWCWI>?R@MKCWC>??]AIC?IP@D OEPCS
=>?KYPDEPC>?EDKIARIDPE@DE>KC>?>I?WEREWIO?IO?CKUCGJ@?DC?
kqfjfdciefrebf~okeiekqfjfdcie7iegocdkcoiecg6mkbkekocpqinie
[UCDW@?C?@ABCDEFCGJ@?I>KCKCM?C>>IOIMNC\>I?C?P@DWEGJ@?WI?>UVIEK@?
WC?CKEREWCWI?IP@D OEPC_?KIO\>I?Cu?
ieimrifegfoei~bfofeokmoiminiegkhfeqfjmofhkekdeokcdke
WI?O@D@Q`ME@_?W@>?OIE@>?WI?QA@WUGJ@?[UCDK@?C?WIKIAOEDCW@?>IK@A?
WC?IP@D@OECw?
~e imrife gfoe giomcqcgife jie rihe irkhie ibbrdke
QCAPECMOIDKI_?IO?P@DP@AADPEC?P@O?@>?WIOCE>?CBIDKI>?W@?>IK@A?
QAERCW@_?@U?OIWECDKI?C?KEKUMCAEWCWI?WI?QCAPIMC?W@?PCQEKCM_?@?
IIAP{PE@?WI?CKEREWCWI?IOQAI>CAECMS?
5@?QCAKEPUMCA?WC?CGJ@?>@LAI?C?IP@D@OEC_?D@KC\>I?C?QAI>IDGC?
WCu?
ieimrifegfoencokfekocpqskherijnfefebminfegibbieie
WI>IOQIDNCA?QAI>>J@?>@LAI?C?IP@D@OEC_?I>KCKUEDW@?D@AOC>?WI?
P@OQ@AKCOIDK@?P@OQUM>`AE@?QCAC?@>?CBIDKI>?IP@D OEP@>w?
~eimrifegfoecjnrfeiebf~okcoerijnfefe|fnkoe|~hcqfe
WEDCOEFC?ED>KAUOIDK@>?WI?EDBIADPEC?IO?P@D>@D7DPEC?P@O?C>?MIE>?
AIK@AC>?W@?OIAPCW@S

N()./-5 3)0-)123,-435 -,/+)1-0-832)

O2-.),P)Q(N9)0-)'RSNS'TUQV)-)2-.),P)'('W9)
0-)USS'X()

Y162 Z6[\]^_`6aY6bc6aY6d 3e4f6aY6bgh[\

>KCKUE?5@AOC>?IACE>?WI?EAIEK@?
EDCDPIEA@?QCAC?IMCL@ACGJ@?
I?P@DKA@MI?W@>?@AGCOIDK@>?I?LCMCDG@>?WC?DEJ@_?W@>?>KCW@>_?W@>?
 UDEP{QE@>?I?W@?E>KAEK@?
IWIACMS

CG@?>CLIA?[UI?@?ZijklmmZ62nopZinM?WIPAIKC?I?IU?>CDPE@D@?
C?>IBUEDKI?IEw
a157f514qf67eY
1d 123e
?
aomeebmiehkcekbmimrcejfodibekoicbenkencokcmfepjijqkcofegioie
IMCL@ACGJ@?I?P@DKA@MI?W@>?@AGCOIDK@>?I?LCMCDG@>?WC?DEJ@_?W@>?
>KCW@>_?W@>? UDEP{QE@>?I?W@?E>KAEK@?
IWIACM_?WI?CP@AW@?P@O?@?
WE>Q@>K@?D@?iome"ecjqcbferehkmoie~eniefjbmcmrcfeknkoihS
/s/2+).
0)2))+
*31s/2+).
0)6

O?>{DKI>I?C>?8452[UI?@?>KCW@?Q@WI?CW@KCA?QCAC?QA@PIWIA?
ifecjmkokjqcfjcbdfepbqihebfeibebkrcjmkb

=AKS?xt?=?IE?W@?XAGCOIDK@?P@DKIA]?C?WE>PAEOEDCGJ@?WC?AIPIEKC?
kenkbgkbienkefodieiekcnkjqcioeiegfhmcqiekqfjdcqiepjijqkcoieke
@?QA@BACOC?WI?KACLCMN@?W@?@RIAD@_?@LIWIPEW@>?C@>?QAEDP{QE@>?WI?
UDEWCWI?UDERIA>CMEWCWI?I?CDUCMEWCWIS
#euejmkoiofeiekcenkeoidkjmf
?\?TUO]AE@?BIACM?WC?AIPIEKC?Q@A?Z@DKI>?I?WC?WI>QI>C?Q@A?ZUD\
GHI>?W@?@RIAD@w
?\?tUCWA@?WIO@D>KACKER@?WC?IPIEKC?I?I>QI>C?>IBUDW@?C>?
imkfocibeqfjdcqibejiefodienfeajkfeje
?\?tUCWA@?WE>PAEOEDCKER@?WC?AIPIEKC?Q@A?Z@DKI>?I?AI>QIPKERC?
MIBE>MCGJ@w
v?\?tUCWA@?WC>?W@KCGHI>?Q@A?`ABJ@>?W@?@RIAD@?I?WC?=WOE\
DE>KACGJ@S
#eeaqfdgijiofeiekcenkeoidkjmf
?\?tUCWA@>?WIO@D>KACKER@>?WC?AIPIEKC?I?QMCD@>?WI?CQMEPCGJ@?
W@>?ZUDW@>?I>QIPECE>w
?\?tUCWA@>?WIO@D>KACKER@>?WC?WI>QI>C_?DC?Z@AOC?W@>?=DI@>?
D>S??C?ww
?\?tUCWA@?WIO@D>KACKER@?W@?QA@BACOC?CDUCM?WI?KACLCMN@?W@?
@RIAD@_?IO?KIAO@>?WI?AICMEFCGJ@?WI?@LAC>?I?WI?QAI>KCGJ@?WI?>IA\
REG@>S

9:;<=>?@><ABC:DC?:EFG><=C:CF:H;G;<F;ABC:HE:IE?JE:
K)K)OIWECDKI?@?CUOIDK@?@U?WEOEDUEGJ@_?IO?P@DVUDK@_?
WC?PCABC?W@>?EOQ@>K@>_?@LKIDW@\>I?AI>UMKCW@>?IP@D OEP@>?R]MEW@>S?
=>>EO_?C?WEOEDUEGJ@?WC?PCABC?KAELUK]AEC?QA@WUF?UOC?LCEC?WI?
QAIG@?WI?AIRIDWC?W@>?QA@WUK@>?I?UO?CUOIDK@?WC?WE>Q@DELEMEWCWI?
W@>?QCAKEPUMCAI>_?BIACDW@?UO?WI>IDR@MREOIDK@?W@>?DIB`PE@>w?V]?@?
CUOIDK@?BM@LCM?W@>?EOQ@>K@>?AI>KAEDBI?@?P@D>UO@?QIM@>?PEWCWJ@>?
Y?IREKC?[UI?UO?IPI>>@?WI?WE>Q@DELEMEWCWI?O@DIK]AEC?ZCGC?>ULEA?@>?
QAIG@>?QIMC?WI>QA@Q@AGJ@S?IDKAI?C?@ZIAKC?I?C?QA@PUACw
9: ;<=>?@><ABC: G>H;E<=>: H;LI?;G;<EABC!2 PC>@? IO? [UI?
>I?I>P@MNIO?WIKIAOEDCW@>?KAELUK@>?[UI?EDPEWCO?>@LAI?WCWC>?
CKEREWCWI>_?KAELUKCDW@\>I?BACR@>COIDKI?C>?[UI?>J@?P@D>EWIACWC>?
goklrncqcicbekeqfjqknkjnfbkeijmikjbepbqicberkhiberkenkkde
>IA?QA@KIBEWC>_?P@O@?C?KAELUKCGJ@?CWUCDIEAC?>@LAI?WIKIAOEDCW@>?
LID>w
9:;<=>?@><I;C<;LGC:DC?:EGDF=EABC2CKACRY>?W@?CUOIDK@?
WI?EOQ@>K@>?>@LAI?AIDWC>?I?NIACDGC>?IMIRCWC>_?@LVIKERCDW@\>I?
COQUKCA?QCAKI?WIMC>?P@O@?Z@AOC?WI?KIDKCA?EBUCMCA?@?D{RIM?WI?REWC?
W@>?EDWER{WU@>_?KIDW@?KCM?Z@AOC?WI?EDKIARIDGJ@?UO?IZIEK@?WEAIK@?I?
rdiepjihcninkebfqcih
9:;<=>?@><I;C<;LGC:DC?:?>H;L=?;MF;ABC!2QIM@?[UCM?@?>KCW@?
DJ@?>`?AIKEAC?QCAKI?WC>?AE[UIFC>?W@>?P@DKAELUEDKI>?P@O@?KCOLYO?
C?AIWE>KAELUE?OIWECDKI?>ULRIDGJ@?@U?@UKAC?PMC>>I?WI?CU{ME@?C@>?
BAUQ@>?>@PECE>?WI?LCEC?PCQCPEWCWI?IP@D OEPCS

=AKS?y$?=?IE?WI?XAGCOIDK@>?P@OQAIIDWIA]?K@WC>?C>?AIPIEKC>_?
EDPMU>ERI?C>?WI?@QIACGHI>?WI?PAYWEK@?CUK@AEFCWC>?IO?MIES
|iosoifejcqfe7febkeqfjbcnkoidegioiefbepjbenkbmkeiomcfe
C>?@QIACGHI>?WI?PAIWEK@?Q@A?CDKIPEQCGJ@?WC?AIPIEKC_?C>?IOE>>HI>?WI?
QCQIM\O@IWC?I?@UKAC>?IDKACWC>?P@OQID>CK`AEC>_?D@?CKER@?I?QC>>ER@?
pjijqkcofbeekmfeoklkcminfejfee""
=AKS?z$?=?IE?WI?XAGCOIDK@?P@OQAIIDWIA]?K@WC>?C>?WI>QI>C>?
QA`QAEC>?W@>?`ABJ@>?W@?@RIAD@?I?WC?CWOEDE>KACGJ@?PIDKACMEFCWC_?
@U?[UI_?Q@A?EDKIAOYWE@?WIMI>?>I?WIRCO?AICMEFCA_?@L>IARCW@?@?WE>\
Q@>K@?D@?CAKEB@?xtS
4


=AKS?$?=?IE?WI?XAGCOIDK@?DJ@?P@D>EBDCA]?W@KCGHI>?BM@LCE>?
WI>KEDCWC>?C?CKIDWIA?EDWEZIAIDKIOIDKI?C?WI>QI>C>?WI?QI>>@CM_?OCKI\
AECM_?>IAREG@>?WI?KIAPIEA@>_?KACD>ZIADPEC>?@U?[UCE>[UIA?@UKAC>_?AI>\
bihinfefencbgfbmfejfeiomcfeekebkregiosoifejcqf

aomeekminf
????????
aomeeeaeokqkcmieqhibbcpqiobksejibebkrcjmkbeqimkfocibe
kqfjdcqibekqkcmibefookjmkbekekqkcmibenkeigcmiheIWCGJ@?
niniegkhfekqokmfekcejeenke"z
#eeefekqkcmibefookjmkbeibeokqkcmibemoc~rmsocienke
P@DKAELUEGHI>_?QCKAEO@DECM_?CBA@QIPU]AEC_?EDWU>KAECM_?WI?>IAREG@>?I?
frmoibekeicjnieibegofkjckjmkbenkeokqrobfbepjijqkcofbeokqk~cnfbe
nkefrmoibegkbbfibenkencokcmfeg~hcqfefregocinferijnfenkbmcjinibe
ieimkjnkoenkbgkbibeqhibbcpqskcbekdekbgkbibefookjmkbeIWCGJ@?
niniegkhfekqokmfekcejeenke"z
#eeefekqkcmibenkeigcmiheibegofkjckjmkbenieokihcife
nkeokqrobfbepjijqkcofbefocrjnfbenkeqfjbmcmrcfenkencnibenie
P@DRIA>J@_?IO?I>QYPEI_?WI?LID>?I?WEAIEK@>w?@>?AIPUA>@>?AIPILEW@>?WI?
frmoibegkbbfibenkencokcmfeg~hcqfefregocinfenkbmcjinfbeieimkjnkoe
nkbgkbibeqhibbcpqskcbekdekbgkbibenkeigcmihekeicjniefe56{
0enfeoidkjmfefookjmkeIWCGJ@?WCWC?QIM@?IPAIK@?IE?D$?
enke"z
#eeee560enfeoidkjmfefookjmkeokbrhmijmkenfe~i\
MCDPICOIDK@?W@>?K@KCE>?WC>?AIPIEKC>?I?WI>QI>C>?P@AAIDKI>_?CQUACW@?
DC?WIO@D>KACGJ@?C?[UI?>I?AIZIAI?@?=DI@?D$?v_?DJ@?P@D>KEKUEA]?EKIO?
WI?AIPIEKC?@AGCOIDK]AECS?IWCGJ@?WCWC?QIM@?IPAIK@?IE?D$?vSwyw_?
nke"z
#eeeaeqhibbcpqifenieokqkcmief~knkqkoseifebkrcjmke
I>[UIOCu?knifeniniegkhfekqokmfekcejeenke"z

=AKS?$?^@WC>?C>?AIPIEKC>?I?WI>QI>C>?P@D>KCAJ@?WC?IE?WI?XAGC\
OIDK@?QIM@>?>IU>?K@KCE>_?RIWCWC>?[UCE>[UIA?WIWUGHI>S
#eeabeqfmibenkeokqkcmiberkerdiekjmcninkeg~hcqienkie
KACD>ZIAEA?C?@UKAC?EDPMUEA\>I\J@_?P@O@?WI>QI>C_?D@?@AGCOIDK@?WC?
IDKEWCWI?@LAEBCWC?C?KACD>ZIADPEC?I_?P@O@?AIPIEKC_?D@?@AGCOIDK@?
WC?[UI?C>?WIRC?AIPILIAS
#ee|ioieqrdgocdkjmfenfencbgfbmfejfegiosoifeijmkocfoe
@?PCMPUM@?WC>?P@KC>?KIA]?Q@A?LC>I?@>?WCW@>?CQUACW@>?D@?LCMCDG@?
W@?IIAP{PE@?CDKIAE@A?C[UIMI?IO?[UI?>I?IMCL@ACA?C?QA@Q@>KC?
@AGCOIDK]AEC?W@?B@RIAD@?@LAEBCW@?C?KACD>ZIADPECS)vIK@?AIVIEKCW@?
jfee""
=AKS?t?=?IE?WI?XAGCOIDK@?Q@WIA]?P@DKIA?CUK@AEFCGJ@?C@?I\
PUKER@?QCACu
?\?=LAEA?PAYWEK@>?>UQMIOIDKCAI>?CKY?WIKIAOEDCWC?EOQ@AK7DPEC?
@LIWIPEWC>?C>?WE>Q@>EGHI>?W@?CAKEB@?zyw?vIK@?AIVIEKCW@?D@?SXS?
""
eekihcioekderihrkoedbenfekkoqqcfepjijqkcofefgkoi\
kbenkeqo}ncmfegfoeijmkqcgifenieokqkcmiegioieimkjnkoeiecjbrp\
PEDPEC>?WI?PCECS
#eedeqibfbenken}pqcmeiekcenkeoidkjmfecjncqioseibefjmkbe
nkeokqrobfberkefe|fnkoekqrmcfepqieirmfocinfeiermchcioegioie
CKIDWIA?C?>UC?P@LIAKUACS
#eueegofnrmfekbmcdinfenkefgkoikbenkeqo}ncmfekenkeihckjife
WI?LID>?EO`RIE>?PEOIDKI?>I?EDPMUEA]?DC?AIPIEKC?[UCDW@?UOC>?I?
frmoibefokdekbgkqcpqidkjmkeirmfocinibegkhfe|fnkoekcbhimcfe
IO?Z@AOC?[UI?VUAyWEPCOIDKI?Q@>>ELEMEKI?C@?@WIA?IPUKER@?
AICMEF]\MC>?D@?IIAP{PE@S
#eeaeirmfocifehkcbhimcieierkebkeokkokefegiosoife
CDKIAE@A_?D@?K@PCDKI?C?@QIACGHI>?WI?PAYWEK@_?Q@WIA]?P@D>KCA?WC?
QA`QAEC?IE?WI?XAGCOIDK@S

8ae78e
8ae88|ae
OQ@>K@>
^CC>?
fjmoc~rckbenke} khfocie
8aee78~e
8ae|a8} 7ae
8aea||ae
8ae78ae
8aee~e
8a77ae78e
8ae8ae78e
8aeea|8ae
|a~ee8e
a7a~ee7e
a} 89a~ee} |8} e
8a77aeea|8ae
8ae8aeea|8ae

=AKS?$?=?WE>PAEOEDCGJ@?WC?AIPIEKC?BIACM?I?WC?WI>QI>C?WI?PCWC?
`ABJ@?W@?@RIAD@?@U?UDEWCWI?CWOEDE>KACKERC_?C?[UI?>I?AIZIAI?@?
iomcfee#eecjqcbfbeekeef~knkqkoseefodienfeajkfeje
#euebecmkjbeniencbqocdcjifenieokqkcmiekenienkbgkbie
dkjqcfjinfbejfbeiomcfbee#euekeebkofecnkjmcpqinfbegfoe
jdkofbenkeq6ncfbenkqcdihejiefodienfbeajkfbeD>S?y?I?zS
#eefdghkmiofefbejdkofbenfeq6ncfenkqcdiheokkocnfejfe
giosoifeijmkocfoefbeihiocbdfbeqioiqmkocinfokbenieqhibbcpqife
ZUDPE@DCM?WC?WI>QI>C_?P@DZ@AOI?I>KCLIMIPI?@?=DI@?DS?S
#eueeq6ncfekoihekbmi~khkqcnfejkbmiehkcejfegoklrncqioseie
CW@GJ@?WI?P`WEB@>?M@PCE>S

*31s/2+)...
0)0
aomeeaenkbgkbiebkoseqhibbcpqiniejibebkrcjmkbeqimkfocibe
IP@D OEPC>u???cnkekqokmfhkcejez"enkez

*31s/2+)..
0)8

|ae78
kbgkbibenkerbmkcf
8oijbkojqcibefookjmkb
|aeea|8a
DRI>KEOIDK@>
DRIA>HI>?
EDCDPIEAC>
8oijbkojqcibenkeigcmih

=AKS?w$?^AELUK@?I?C?AIPIEKC?WIAERCWC?ED>KEKU{WC?QIMC>?IDKEWCWI>?
WI?WEAIEK@?QULMEP@_?P@OQAIIDWIDW@?@>?EOQ@>K@>_?C>?KCC>?I?P@DKAE\
LUEGHI>?D@>?KIAO@>?WC?P@D>KEKUEGJ@?I?WC>?MIE>?REBIDKI>?IO?OCKYAEC?
pjijqkcoienkbmcjinfbkefebkregofnrmfeifeqrbmkcfenkeimccninkbek\
oicbefrekbgkqcpqibekkoqcnibegfoekbbibekjmcninkb6vIK@?AIVIEKCW@?D@?
e""
x


#eehibbcpqidbkeqfdfekbgkbibenkerbmkcfeibenfmikbe
QCAC?OCDUKIDGJ@?WI?>IAREG@>?CDKIAE@AOIDKI?PAECW@>_?EDPMU>ERI?C>?
WI>KEDCWC>?C?CKIDWIA?C?@LAC>?WI?P@D>IARCGJ@?I?CWCQKCGJ@?WI?LID>?
EO`RIE>S
#eehibbcpqidbkeqfdfe8oijbkojqcibefookjmkbeibenfmikbe
QCAC?WI>QI>C>?C>?[UCE>?DJ@?P@AAI>Q@DWC?P@DKACQAI>KCGJ@?WEAIKC?
IO?LID>?@U?>IAREG@>_?EDPMU>ERI?QCAC?P@DKAELUEGHI>?I?>ULRIDGHI>?
WI>KEDCWC>?C?CKIDWIA??OCDEZI>KCGJ@?WI?@UKAC>?IDKEWCWI>?WI?WEAIEK@?
g~hcqfefregocinf
#eefjbcnkoidbkebr~kjkbegioiefbekkcmfbenkbmiehkceibe
KACD>ZIADPEC>?WI>KEDCWC>?C?P@LAEA?WI>QI>C>?WI?PU>KIE@?WC>?IDKEWCWI>?
~kjkpqcinibencbmcjrcjnfbkeqfdf
eebr~kjkbebfqcicbeiberkebkenkbmcjkdeiecjbmcmrckbeg~hc\
qibefregocinibenkeqiosmkoeibbcbmkjqcihefreqrhmroihebkdepjihcninke
MUPACKERCw
?\?>ULRIDGHI>?IP@D OEPC>_?C>?[UI?>I?WI>KEDIO?C?IOQAI>C>?
g~hcqibefregocinibenkeqiosmkoecjnrbmociheqfdkoqciheioqfhiefre
QC>K@AEMS
#eehibbcpqidbkeqfdfecjkbmcdkjmfbeibenfmikbegioiefe
QMCDIVCOIDK@?I?C?IIPUGJ@?WI?@LAC>_?EDPMU>ERI?C>?WI>KEDCWC>??
C[UE>EGJ@?WI?EO`RIE>?P@D>EWIACW@>?DIPI>>]AE@>??AICMEFCGJ@?WI>KC>?
hmcdibe~kdeqfdfegioiefbegofoidibekbgkqcicbenkemoi~ihfe
C[UE>EGJ@?WI?ED>KCMCGHI>_?I[UEQCOIDK@>?I?OCKIAECM?QIAOCDIDKI?I?
P@D>KEKUEGJ@?@U?CUOIDK@?W@?PCQEKCM?WI?IOQAI>C>?[UI?DJ@?>IVCO?WI?
qiosmkoeqfdkoqcihefrepjijqkcof
#e"ehibbcpqidbkeqfdfejkobkbecjijqkcoibeibenfmikbe
WI>KEDCWC>?Cu
?\?C[UE>EGJ@?WI?EO`RIE>_?@U?WI?LID>?WI?PCQEKCM?V]?IO?UKEMEFC\
GJ@w
?\?C[UE>EGJ@?WI?K{KUM@>?AIQAI>IDKCKER@>?W@?PCQEKCM?WI?IOQAI>C>?
@U?IDKEWCWI>?WI?[UCM[UIA?I>QYPEI_?V]?P@D>KEKU{WC>_?[UCDW@?C?@QIAC\
GJ@?DJ@?EOQ@AKI?CUOIDK@?W@?PCQEKCMw
?\?P@D>KEKUEGJ@?@U?CUOIDK@?W@?PCQEKCM?WI?IDKEWCWI>?@U?IO\
gokbiberkecbkdeief~lkmcfbeqfdkoqcicbefrepjijqkcofbecjqhrbcke
@QIACGHI>?LCDP]AEC>?@U?WI?>IBUA@>S
#eefe8oijbkojqcibenkeigcmiheibenfmikbegioie
cjkbmcdkjmfbefrecjkobkbepjijqkcoiberkefrmoibegkbbfibenke
ncokcmfeg~hcqfefregocinfenkideokihcioecjnkgkjnkjmkdkjmke
WI?P@DKACQAI>KCGJ@?WEAIKC?IO?LID>?@U?>IAREG@>_?P@D>KEKUEDW@?
I>>C>?KACD>ZIADPEC>?CU{ME@>?@U?P@DKAELUEGHI>_?>IBUDW@?WIAERIO?
WEAIKCOIDKI?WC?IE?WI?XAGCOIDK@?@U?WI?MIE?I>QIPECMOIDKI?CDKIAE@A_?
~kdeqfdfeibenfmikbegioieidfomcifeniencnieg~hcqi

ID>E@DE>KC>
TCM]AE@?
CO{MEC?I?=L@D@?
COEMECA
UA@>eniecnie|~hcqi
fjmoc~rckbenke|okcnjqciefqcih
ckobibe8oijbkojqcibefookjmkb
|aeea|8a
DRI>KEOIDK@>
~oibe|~hcqib
TIAREG@>?IO?IBEOI?WI?A@BACOCGJ@?>QIPECM
[UEQCOIDK@>?I?D>KCMCGHI>
 CKIAECM?IAOCDIDKI
|iomcqcgifekdefjbmcmrcfefreardkjmfenkeigcmihenked\
QAI>C>?@U?DKEWCWI>?DWU>KAECE>?@U?=BA{P@MC>
DRIA>HI>?
EDCDPIEAC>
=[UE>EGJ@?WI?O`RIE>
|iomcqcgifekdefjbmcmrcfefreardkjmfenkeigcmihenked\
gokbibefrejmcninkbefdkoqcicbefrecjijqkcoib
arcbcfenke8mrhfbekgokbkjmimcfbenkeigcmihenkedgokbie
IO?
UDPE@DCOIDK@
fjbmcmrcfenkerjnfbefmimcfb
fjqkbbfenkedgo}bmcdfb
ERIA>C>?DRIA>HI>?
EDCDPIEAC>
8oijbkojqcibenkeigcmih
adfomcifeniecnie|~hcqi
arhcfbegioie~oibe|~hcqib
=U{ME@>?QCAC?[UEQCOIDK@>?I?D>KCMCGHI>
=U{ME@>?QCAC?DRIA>HI>?
EDCDPIEAC>
rmoibefjmoc~rckb
aomeefjbmcmrcerjcninkefoidkjmsociefeiorgidkjmfenkebko\
REG@>?>UL@AWEDCW@>?C@?OI>O@?`ABJ@?@U?AIQCAKEGJ@?C?[UI?>IAJ@?P@D\
>EBDCWC>?W@KCGHI>?QA`QAEC>S?kmfeoklkcminfejfee""
|iosoifejcqfedeqibfbekqkgqcfjicbebkofeqfjbcjinibe
W@KCGHI>?C?UDEWCWI>?CWOEDE>KACKERC>?>UL@AWEDCWC>?C@?OI>O@?`A\
BJ@S
=AKS?vS?5C?IE?WI?XAGCOIDK@?C?WE>PAEOEDCGJ@?WC?WI>QI\
>C?ZCA\>I\]?1210?Q@A?IMIOIDK@>S?vIK@?AIVIEKCW@?D@?SXS?
""
#eejmkjnkbkegfoekhkdkjmfbefenkbnf~oidkjmfenienkbgkbie
P@O?QI>>@CM_?OCKIAECM_?>IAREG@>_?@LAC>?I?@UKA@>?OIE@>?WI?[UI?>I?
bkokeieindcjcbmoifegr~hcqiegioieqfjbkqrfenfbebkrbepjbevIK@?
oklkcminfejfee""
#ee|ioiekkcmfenkeqhibbcpqifenienkbgkbieqfjbcnkoibke
OCKIAECM?QIAOCDIDKI?@?WI?WUACGJ@?>UQIAE@A?C?W@E>?CD@>S

=AKS?vyS?XL>IARCWC>?C>?PCKIB@AEC>?IP@D OEPC>?W@?CAKS?vx_?C?
ncbqocdcjifefrekbgkqcpqifenienkbgkbiegfoekhkdkjmfbekdeqinie
UDEWCWI?CWOEDE>KACKERC?@U?`ABJ@?WI?B@RIAD@_?@LIWIPIA]?C@?>IBUED\
KI?I>[UIOCu

-:+).
0)0)*
;-:+)<,.*3
0)/)*

|ae78
kbgkbibenkerbmkcf
|kbbfiecch
I>>@CM? EMEKCA
} imkocihenkefjbrdf
TIAREG@>?WI?^IAPIEA@>
DPCAB@>?ERIA>@>
8oijbkojqcibefookjmkb
TULRIDGHI>?T@PECE>
TULRIDGHI>?P@D OEPC>
DCKER@>

????????
eiber~kjkbefqcicb

=AKS?vS?
UDWCOIDKCMOIDKI?I?D@>?MEOEKI>?WC>?Q@>>ELEMEWCWI>?
pjijqkcoibeieqfjqkbbfenkebr~kjkbebfqcicbecbioseiegokbmife
WI?>IAREG@>?I>>IDPECE>?WI?C>>E>KDPEC?>@PECM_?OYWEPC?I?IWUPCPE@DCM_?
>IOQAI?[UI?C?>UQMIOIDKCGJ@?WI?AIPUA>@>?WI?@AEBIO?QAERCWC?CQMEPC\
W@>?C?I>>I>?@LVIKER@>_?AIRIMCA\>I?OCE>?IP@D OEPCS


?\? ID>CBIO_?[UI?P@DKIA]u?IQ@>EGJ@?PEAPUD>KCDPECWC?WC?>E\
mrifekqfjdcqfpjijqkcoienfqrdkjminieqfdenkdfjbmoifenie
ncnierjniniekermrijmkebihnfbenkeqo}ncmfbekbgkqcicbeokbmfbeie
giioekefrmofbeqfdgofdcbbfbepjijqkcofbekckcbekgfbcfeke
lrbmcpqifeniegfhmcqiekqfjdcqfpjijqkcoienfefkojfelrbmcp\
PCGJ@?WC?AIPIEKC?I?WI>QI>C_?QCAKEPUMCAOIDKI?D@?K@PCDKI?C@?@AGCOID\
K@?WI?PCQEKCMw
?\?A@VIK@?WI?IE?WI?XAGCOIDK@w
?\?^CLIMC>?IQMEPCKERC>_?WC>?[UCE>_?CMYO?WC>?I>KEOCKERC>?WI?
okqkcmiekenkbgkbieqfjbmiofekdeqfhrjibencbmcjmibekegioiepjbenke
P@OQCACGJ@u
ieaeokqkcmieiookqininiejfbemobehmcdfbekkoqqcfbeijmkocfokbe
[UIMI?IO?[UI?>I?IMCL@A@U?C?QA@Q@>KCw
~eaeokqkcmiegokcbmiegioiefekkoqqcfekderkebkekhi~foieiegof\
Q@>KCw
qeaeokqkcmiegokcbmiegioiefekkoqqcfeierkebkeokkokeiegof\
Q@>KCw
neaenkbgkbieokihciniejfekkoqqcfecdkncimidkjmkeijmkocfo
keaenkbgkbiepiniegioiefekkoqqcfekderkebkekhi~foieiegof\
Q@>KCw?I
eaenkbgkbiegokcbmiegioiefekkoqqcfeierkebkeokkokeiegof\
Q@>KCS
eebgkqcpqifenfbegofoidibekbgkqcicbenkemoi~ihfeqrb\
KICW@>?Q@A?W@KCGHI>?BM@LCE>_?IO?KIAO@>?WI?OIKC>?RE>CWC>_?WIP@O\
Q@>KC>?IO?I>KEOCKERC?W@?PU>K@?WC>?@LAC>?C?AICMEFCA?I?W@>?>IAREG@>?
iegokbmioeiqfdgijinibenkelrbmcpqifekqfjdcqiepjijqkcoie
>@PECM?I?CWOEDE>KACKERCS
|iosoifejcqfefjbmioseniegofgfbmiefoidkjmsociegioie
PCWC?UDEWCWI?CWOEDE>KACKERC_?WI>PAEGJ@?>UPEDKC?WI?>UC>?QAEDPEQCE>?
pjihcninkbeqfdecjncqifenieokbgkqmciehkcbhif

|iosoifejcqfeeihfoenibebr~kjkbebkdgokerkegfbb\
RIM_?>IA]?PCMPUMCW@?P@O?LC>I?IO?UDEWCWI>?WI?>IAREG@>?IZIKERCOIDKI?
QAI>KCW@>?@U?Q@>K@>??WE>Q@>EGJ@?W@>?EDKIAI>>CW@>?@LIWIPEW@>?@>?
QCWAHI>?O{Dcdfbenkekpqcjqciegokcidkjmkepinfb
=AKS?vS?T@OIDKI??ED>KEKUEGJ@?PUVC>?P@DWEGHI>?WI?ZUDPE@DC\
dkjmfefokdelrhinibebimcbim6ocibegkhfbe6ofbefpqcicbenkepbqihc\
FCGJ@?>IAJ@?P@DPIWEWC>?>ULRIDGHI>S
eiber~kjkbeqfjdcqib
aomezeaeqf~komroienfben}pqcmbenkedijrmkjfenibekdgokbibe
g~hcqibenkejimrokieirmsorcqiefrejfeiobksedkncijmkebr~kj\
GHI>?IP@D OEPC>?IQAI>>COIDKI?EDPMU{WC>?DC>?WI>QI>C>?P@AAIDKI>?
W@?@AGCOIDK@?WC?DEJ@_?W@?>KCW@_?W@? UDEP{QE@?@U?W@?E>KAEK@?

IWIACMS
|iosoifejcqfefjbcnkoidbkecrihdkjmkeqfdfebr~kj\
GHI>?IP@D OEPC>u
ieibenfmikbenkbmcjinibeieqf~ocoeienckokjiekjmokefbegokfbe
WI?OIAPCW@?I?@>?QAIG@>?WI?AIRIDWC_?QIM@?@RIAD@_?WI?BDIA@>?CME\
OIDK{PE@>?@U?@UKA@>?OCKIAECE>w
~eibenfmikbenkbmcjinibeifegiidkjmfenke~fjcpqikbeiegof\
WUK@AI>?WI?WIKIAOEDCW@>?BDIA@>?@U?OCKIAECE>S
aomeeaekcenkeoidkjmfejfeqfjbcjioseilrniepjijqkcoie
ierihrkoemmrhfeiekdgokbienkepjbehrqoimcfbebihferijnfebke
KACKCA?WI?>ULRIDGHI>?PUVC?P@DPI>>J@?KIDNC?>EW@?IQAI>>COIDKI?CU\
K@AEFCWC?IO?MIE?I>QIPECMS
-:+)..
0)0))*
;-:+)18.5 -.83
0).

*31s/2+)..
0)-K))1)+
-:+)18.5 -.83
0)1)1

=AKS?xS?X>?EDRI>KEOIDK@>?>IAJ@?WE>PAEOEDCW@>?DC?IE?WI?XAGC\
OIDK@?>IBUDW@?@>?QA@VIK@>?WI?@LAC>?I?WI?@UKAC>?CQMEPCGHI>S
|iosoifejcqfebegofoidibekbgkqcicbenkemoi~ihferkegfoe
>UC?DCKUAIFC_?DJ@?Q@>>CO?PUOQAEA\>I?>UL@AWEDCWCOIDKI?>?D@AOC>?
BIACE>?WI?IIPUGJ@?WC?WI>QI>C?Q@WIAJ@?>IA?PU>KICWC>?Q@A?W@KCGHI>?
hf~icbeqhibbcpqinibekjmokeibekbgkbibenkeigcmih

=AKS?xyS?=>?AIPIEKC>?I?WI>QI>C>?WI?PCQEKCM?>IAJ@?@LVIK@?WI?UO?
rinofenkekqrobfbekenkeaghcqifenkeigcmiheigofinfegfoenk\
PAIK@?W@?@WIA?IPUKER@_?CLACDBIDW@_?D@?O{DEO@?UO?KAEDE@S
|iosoifejcqfeerinofenkekqrobfbekenkeaghcqifenke
igcmihebkoseijrihdkjmkeokilrbminfeiqokbqkjmijnfbkhkeibegok\
RE>HI>?WI?OCE>?UO?CD@_?WI?O@W@?C?C>>IBUACA?C?QA@VIGJ@?P@DK{DUC?
W@>?QIA{@W@>S

;-:+)-6,03
0)/))*
=AKS?xvS?=?IE?WI?XAGCOIDK@?DJ@?P@D>EBDCA]?CU{ME@?QCAC?ED\
RI>KEOIDK@>?[UI?>I?WIRCO?EDP@AQ@ACA?C@?QCKAEO DE@?WC>?IOQAI>C>?
gocinibenkepjbehrqoimcfb
|iosoifejcqfeencbgfbmfejkbmkeiomcfeighcqibkebemoijb\
ZIADPEC>?WI?PCQEKCM??P@DKC?WI?ZUDW@>?I>QIPECE>?@U?W@KCGHI>?>@L?
AIBEOI?IPIQPE@DCM?WI?CQMEPCGJ@S

aomeeerinofenkekqrobfbekenkeaghcqifenkeigcmihe
CLACDBIA]u
?\?C>?WI>QI>C>?I_?P@O@?P@ULIA_?KCOLYO?C>?AIPIEKC>?QAIRE>KC>?
IO?QMCD@>?I>QIPECE>?CQA@RCW@>?IO?MIE?I?WI>KEDCW@>?C?CKIDWIA?C?AI\
BEHI>?@U?C?>IK@AI>?WC?CWOEDE>KACGJ@?@U?WC?IP@D@OECw
?\?C>?WI>QI>C>??P@DKC?WI?ZUDW@>?I>QIPECE>?I_?P@O@?P@ULIA_?C>?
AIPIEKC>?[UI?@>?P@D>KEKUCOw
?\?IO?CDI@>_?C>?WI>QI>C>?WI?PCQEKCM?WC>?IDKEWCWI>?AIZIAEWC>?
D@?^{KUM@??WI>KC?MIE_?P@O?EDWEPCGJ@?WC>?AI>QIPKERC>?AIPIEKC>_?QCAC?
C>?[UCE>?Z@AIO?QAIRE>KC>?KACD>ZIADPEC>?WI?PCQEKCMS

/s/2+)..
0)1)+
*31s/2+).
*))1))1)+

=AKS?xS?X>?QA@BACOC>?P@D>KCDKI>?W@?tUCWA@?WI?IPUA>@>?I?WI?
aghcqifenkeigcmihebkdgokerkegfbbkhebkofeqfookhiqcfjinfbeie
OIKC>?@LVIKERC>?IO?KIAO@>?WI?AICMEFCGJ@?WI?@LAC>?I?WI?QAI>KCGJ@?
WI?>IAREG@>S

=AKS?xxS?=?QA@Q@>KC?@AGCOIDK]AEC?[UI?@?@WIA?IPUKER@?IDPC\
dcjioseife|fnkoekcbhimcfejfbegoifbekbmi~khkqcnfbejibefjbmc\
KUEGHI>?I?DC>?IE>?XAB7DEPC>?W@>? UDEP{QE@>_?P@OQ@A\>I\]u


|iosoifejcqfefjbcnkoidbkedkmibefbeokbrhminfberkebke
QAIKIDWIO?@LKIA?P@O?C?AICMEFCGJ@?WI?PCWC?QA@BACOCS

/s/2+).7
0)-)1

=AKS?xS?=?QA@Q@>KC?@AGCOIDK]AEC?P@DKIA]?@?QA@BACOC?CDUCM?
imrihcinfenfbecjkbmcdkjmfbecjkobkbepjijqkcoibekemoijbkoj\
qcibegokcbmfbejferinofenkekqrobfbekenkeaghcqifenkeigcmih

aomeeekkoqqcfepjijqkcofeqfcjqcncoseqfdefeijfeqcch
aome"e|komkjqkdeifekkoqqcfepjijqkcof
?\?C>?AIPIEKC>?DIMI?CAAIPCWCWC>w
?\?C>?WI>QI>C>?DIMI?MIBCMOIDKI?IOQIDNCWC>S

-:+)-6,03
0)1)3

aomeefjbcnkoidbkekbmfbeie|iioeibenkbgkbibekdgkji\
WC>?OC>?DJ@?QCBC>?CKY?@?WEC?yv?WI?WIFIOLA@?WE>KEDBUEDW@\>I?C>?
QA@PI>>CWC>?WC>?DJ@?QA@PI>>CWC>S
|iosoifejcqfebekdgkjfberkebfokdeieqfjmienkeqo}ncmfbe
P@O?REBDPEC?QMUAEIDCM_?[UI?DJ@?KIDNCO?>EW@?ME[UEWCW@>_?>`?>IAJ@?
qfdgrminfbeqfdfekbmfbeie|iioejfehmcdfeijfenkecjqcienfe
PAYWEK@S

=AKS?xS?=>?QA@Q@>KC>?QCAPECE>?WI?@AGCOIDK@?BUCAWCAJ@?I>KAEKC?
qfjfodcninkeqfdeiegfhmcqiekqfjdcqfpjijqkcoiefegofoidie
ijrihenkemoi~ihfenfefkojfekerijnfepinfefehcdcmkehf~ihe
O]EO@?QCAC?@?@AGCOIDK@?WI?PCWC?UDEWCWI?CWOEDE>KACKERCS
=AKS?x?=>?QA@Q@>KC>?QCAPECE>?WC>?UDEWCWI>?CWOEDE>KACKERC>_?
@ABCDEFCWC>?IO?Z@AOUM]AE@?QA`QAE@_?>IAJ@?CP@OQCDNCWC>?WIu
?\?KCLIMC>?IQMEPCKERC>?WC?WI>QI>C_?>@L?C?Z@AOC?I>KCLIMIPEWC?
D@?CAKEB@?xx_?EDPE>@?_?MIKAC>?W_?I?I?Zw
eelrbmcpqifegfodkjfocinienkeqinienfmifebfhcqcminie
P@O?C?EDWEPCGJ@?W@>?CK@>?WI?CQA@RCGJ@?WI?QA@VIK@>?I?@AGCOIDK@>?
nkef~oibeg~hcqibegioieqrlfecjqcfefregofbbkrcdkjmfekhiebkenkb\
KEDCS
aomeei~koseifbe6ofbenkeqfjmi~chcninkefrenkeiookqinife
@ABCDEFCA?WIO@D>KACGHI>?OID>CE>?WC?AIPIEKC?CAAIPCWCWC_?>IBUDW@?
C>?AULAEPC>_?QCAC?>IAREAIO?WI?LC>I?C?I>KEOCKERC?WC?AIPIEKC_?DC?QA@\
Q@>KC?@AGCOIDK]AECS
|iosoifejcqferijnfefrkoe6ofeqkjmoihenkefoidkjmfe
I>>C>?WIO@D>KACGHI>?>IA\MNI\J@?AIOIKEWC>?OID>CMOIDKIS

=AKS?yS?=>?WI>QI>C>?WI?IIAP{PE@>?IDPIAACW@>_?QCAC?C>?[UCE>?
@?@AGCOIDK@?AI>QIPKER@?P@D>EBDCRC?PAYWEK@?QA`QAE@_?P@O?>CMW@?>U\
pqckjmkegioieimkjnhiberkejfebkemkjidegofqkbbinfejie}gfqie
QA`QAEC_?LIO?P@O@?@>?I>K@>?C?CBCA?P@O?QAI>PAEGJ@?EDKIAA@OQEWC?
I?@>?P@OQA@OE>>@>?AIP@DNIPEW@>?CQ`>?@?IDPIAACOIDK@?W@?IIAP{\
qcfeqfookbgfjnkjmkegfnkofebkoegifbeeqfjmienkenfmifekbgkqp\
PC?P@D>EBDCWC?D@?@AGCOIDK@_?WE>PAEOEDCWC?Q@A?IMIOIDK@>_?@LIWI\
PEWC_?>IOQAI?[UI?Q@>>{RIM_?C?@AWIO?PA@D@M`BEPCS
=AKS?yS?IRIAKI??W@KCGJ@?C?EOQ@AK7DPEC?WI?WI>QI>C?CDUMCWC?
D@?IIAP{PE@_?[UCDW@?C?CDUMCGJ@?@P@AAIA?CQ`>?@?IDPIAACOIDK@?WI>KI?
P@D>EWIACA\>I\]?AIPIEKC?W@?CD@?IO?[UI?>I?IZIKERCAS
aomeebeqo}ncmfbenieikjnie|~hcqienkejimrokiemoc~rms\
AEC?@U?DJ@?KAELUK]AEC_?>IAJ@?I>PAEKUACW@>?P@O@?AIPIEKC?W@?IIAP{PE@?
IO?[UI?Z@AIO?CAAIPCWCW@>_?DC>?AI>QIPKERC>?AULAEPC>?@AGCOIDK]AEC>S?
knifeniniegkhfekqokmfekceje"enke
#eeebeqo}ncmfbenkerkemoimiekbmkeiomcfekckcbegkhfe
KACD>PUA>@?W@?QACF@?QCAC?QCBCOIDK@_?>IAJ@?ED>PAEK@>_?DC?Z@AOC?
WC?MIBE>MCGJ@?QA`QAEC_?P@O@?{REWC?=KERC_?IO?AIBE>KA@?QA`QAE@_?
CQ`>?CQUACWC?C?>UC?ME[UEWIF?I?PIAKIFC_?I?C?AI>QIPKERC?AIPIEKC?>IA]?
I>PAEKUACWC?C?I>>I?K{KUM@S?DPMU{W@?QIM@?IPAIK@?IE?D$?vSy_?WI?

#eeecnieamcie8oc~rmsocie}efeqo}ncmfenieikjnie|~hcqie
WI>>C?DCKUAIFC_?QA@RIDEIDKI?WI?@LAEBCGJ@?MIBCM?AIMCKERC?C?KAELUK@>?I?
AI>QIPKER@>?CWEPE@DCE>?I?OUMKC>_?I?{REWC?=KERC?DJ@?^AELUK]AEC?>J@?
fbenkdicbeqo}ncmfbenieikjnie|~hcqiemicbeqfdfefbegofkjckjmkbe
WI?IOQAY>KEO@>?P@OQUM>`AE@>_?P@DKAELUEGHI>?I>KCLIMIPEWC>?IO?MIE_?
OUMKC?WI?[UCM[UIA?@AEBIO?@U?DCKUAIFC_?IPIK@?C>?KAELUK]AEC>_?Z@A@>_?
MCUWOE@>_?CMUBUIE>?@U?KCC>?WI?@PUQCGJ@_?PU>KC>?QA@PI>>UCE>_?
gokfbenkebkocfbegokbminfbegfoekbmi~khkqcdkjmfbeg~hcqfbe
EDWIDEFCGHI>_?AIQ@>EGHI>_?AI>KEKUEGHI>_?CMPCDPI>?W@>?AI>Q@D>]RIE>?
nkpjcmcidkjmkelrhinfbe~kdeibbcdefbeqo}ncmfbenkqfookjmkbenke
@LAEBCGHI>?IO?O@IWC?I>KACDBIEAC_?WI?br~ofifenkecgfmkqiepij\
GC_?CRCM?@U?@UKAC?BCACDKEC_?WI?P@DKACK@>?IO?BIACM?@U?WI?@UKAC>?@LAE\
BCGHI>?MIBCE>S?jqhrnfegkhfekqokmfekceje"enke
#eeeeihfoenfeqo}ncmfenieikjnie7iqcfjihekdedfknie
I>KACDBIEAC?>IA]?P@DRIAKEW@?C@?P@AAI>Q@DWIDKI?RCM@A?DC?O@IWC?
jiqcfjiheemiieqid~cihefpqcihegioieqfdgoiejienimieniejfmcpqife
@U?EDKEOCGJ@?W@?WIRIW@A_?QIMC?CUK@AEWCWI?CWOEDE>KACKERC_?@U_??>UC?
ZCMKC_?DC?WCKC?WC?ED>PAEGJ@?WC?{REWC?=KERC_?EDPEWEDW@_?C?QCAKEA?WC?
P@DRIA>J@_?C?CKUCMEFCGJ@?O@DIK]AEC?I?@>?VUA@>?WI?O@AC_?WI?CP@AW@?
P@O?QAIPIEK@>?MIBCE>?QIAKEDIDKI>?C@>?WYLEK@>?KAELUK]AE@>S?DPMU{W@?
gkhfekqokmfekceje"enke

=AKS?yS?=?I>KEOCKERC?WC?AIPIEKC?KIA]?Q@A?LC>I?C>?WIO@D>KACGHI>?
ierkebkeokkokefeiomcfeijmkocfoeeiookqinifenfbemobehmcdfbe
IIAP{PE@>_?QIM@?OID@>?LIO?P@O@?C>?PEAPUD>K7DPEC>?WI?@AWIO?P@D\
VUDKUACM?I?@UKAC>_?[UI?Q@>>CO?CZIKCA?C?QA@WUKEREWCWI?WI?PCWC?Z@DKI?
WI?AIPIEKCS
=AKS?yvS?=>?QA@Q@>KC>?@AGCOIDK]AEC>?QCAPECE>?>IAJ@?AIRE>KC>?I?
P@@AWIDCWC>?DC?QA@Q@>KC?BIACM_?P@D>EWIACDW@\>I?C?AIPIEKC?I>KEOCWC?
I?C>?D@RC>?PEAPUD>K7DPEC>S
/s/2+)...
0)K))2))+
aomeekejfeokqk~koeiegofgfbmiefoidkjmsociejfegoifep\
infejibefjbmcmrckbefrejibekcbeojcqibenfbe} rjcqgcfbefe
@WIA?IBE>MCKER@?P@D>EWIACA]?P@O@?QA@Q@>KC?C?IE?WI?XAGCOIDK@?
REBIDKIS
=AKS?yyS?5J@?>I?CWOEKEAJ@?IOIDWC>?C@?QA@VIK@?WI?IE?WI?XAGC\
OIDK@?[UI?RE>IO?Cu
ieihmkoioeienfmifebfhcqcminiegioienkbgkbienkeqrbmkcfebihfe
[UCDW@?QA@RCWC_?DI>>I?Q@DK@?C?EDICKEWJ@?WC?QA@Q@>KCw
~eqfjqknkoenfmifegioiefecjqcfenkef~oieqrlfegoflkmfejfe
I>KIVC?CQA@RCW@?QIM@>?`ABJ@>?P@OQIKIDKI>w
qeqfjqknkoenfmifegioiecjbmihifefrerjqcfjidkjmfenkebko\
REG@?[UI?DJ@?I>KIVC?CDKIAE@AOIDKI?PAECW@w
neqfjqknkoenfmifebrgkocfoeifberijmcmimcfbegokcidkjmke
pinfbekdeokbfhrfenfe|fnkoekcbhimcfegioieqfjqkbbfenkeir\
{ME@>?I?>ULRIDGHI>S


#eeeaeokqkcmieniecnieamciei~oijkefbeqo}ncmfbe
OIDPE@DCW@>?D@>?QCA]BACZ@>?CDKIAE@AI>_?LIO?P@O@?@>?RCM@AI>?
P@AAI>Q@DWIDKI>??AI>QIPKERC?CKUCMEFCGJ@?O@DIK]AEC_??OUMKC?I?
VUA@>?WI?O@AC?I?C@?IDPCAB@?WI?[UI?KACKCO?@?CAKS?v$?W@?IPAIK@\MIE?
D$?vSx_?WI?xv?WI?@UKULA@?WI?vww_?I?@?CAKS?y$?W@?IPAIK@\MIE?D$?
vSz_?WI?vv?WI?WIFIOLA@?WI?vwS?DPMU{W@?QIM@?IPAIK@?IE?D$?
"enke
#e"eeaecnieamcieniejcfebkoseigroiniekecjbqocmiejie
A@PUACW@AEC?WC?
CFIDWC?5CPE@DCMS?DPMU{W@?QIM@?IPAIK@?IE?D$?
"enke

=AKS?zS?X>?PAYWEK@>?CWEPE@DCE>?KIAJ@?REBDPEC?CW>KAEKC?C@?IIA\
qqcfepjijqkcofekderkefokO?CLIAK@>_?>CMR@?IQAI>>C?WE>Q@>EGJ@?
MIBCM?IO?P@DKA]AE@_?[UCDK@?C@>?I>QIPECE>?I?IKAC@AWED]AE@>S
=AKS?zS?X?CK@?[UI?CLAEA?PAYWEK@?CWEPE@DCM?EDWEPCA]?C?EOQ@AK7D\
qcieiekbg}qckenfedkbdfekeieqhibbcpqifenienkbgkbieim}efjnkefoe
Q@>>{RIMS
/s/2+)7.
0)-))+
*31s/2+).
0)1))0

/s/2+)7
0)*)3
=AKS?zS?TJ@?PAYWEK@>?CWEPE@DCE>_?C>?CUK@AEFCGHI>?WI?WI>QI>C?
jfeqfdgrminibefrecjbrpqckjmkdkjmkenfminibejiekcenkeoidkj\
K@S

=AKS?zS?OIWECKCOIDKI?CQ`>?C?QA@OUMBCGJ@?WC?IE?WI?XA\
idkjmfekeqfde~ibkejfbehcdcmkbejkhiepinfbefe|fnkoekqrmcfe
CQA@RCA]?UO?[UCWA@?WI?P@KC>?KAEOI>KACE>?WC?WI>QI>C?[UI?PCWC?UDE\
ninkefoidkjmsociepqieirmfocinieiermchcio

aomeebeqo}ncmfbeincqcfjicbeqhibbcpqidbkekd
?\?>UQMIOIDKCAI>_?@>?WI>KEDCW@>?C?AIZ@AG@?WI?W@KCGJ@?@AGC\
OIDK]AECw
?\?I>QIPECE>_?@>?WI>KEDCW@>?C?WI>QI>C>?QCAC?C>?[UCE>?DJ@?NCVC?
nfmifefoidkjmsociekbgkqpqi
?\?IKAC@AWED]AE@>_?@>?WI>KEDCW@>?C?WI>QI>C>?UABIDKI>?I?EO\
QAIRE>KC>_?IO?PC>@?WI?BUIAAC_?P@O@GJ@?EDKI>KEDC?@U?PCMCOEWCWI?
g~hcqi
=AKS?zxS?X>?PAYWEK@>?>UQMIOIDKCAI>?I?I>QIPECE>?>IAJ@?CUK@AEFC\
W@>?Q@A?MIE?I?CLIAK@>?Q@A?WIPAIK@?IIPUKER@S

aomezeaepifenibeqfmibeierkebkeokkokefeiomcfeijmkocfoe
CKIDWIA]?C@>?>IBUEDKI>?@LVIKER@>u
ieibbkroioeberjcninkbefoidkjmsocibekdemkdgfemcheiebfdie
nkeokqrobfbejkqkbbsocfbekebrpqckjmkbeiedkhfoekkqrfenfebkre
QA@BACOC?CDUCM?WI?KACLCMN@w
~edijmkoenroijmkefekkoqqcfejiedkncnienfegfbbkhefekrc\
M{LAE@?IDKAI?C?AIPIEKC?CAAIPCWCWC?I?C?WI>QI>C?AICMEFCWC_?WI?O@W@?C?
oknrcoeifedjcdfekkjmricbecjbrpqcjqcibenkemkbfroioci
=AKS?zwS?=?QA@BACOCGJ@?WC?WI>QI>C?@AGCOIDK]AEC_?QCAC?ZIEK@?W@?
WE>Q@>K@?D@?CAKEB@?CDKIAE@A_?MIRCA]?IO?P@DKC?@>?PAYWEK@>?CWEPE@DCE>?I?
C>?@QIACGHI>?IKAC@AGCOIDK]AEC>S

=AKS?zyS?=?CLIAKUAC?W@>?PAYWEK@>?>UQMIOIDKCA5225304052{
1242051304223655205105244232425{
+)/%/+%(/(%,%)/%/%&+/+'*,)')?vIK@?AIVIEKCW@?D@?
e""
#eefjbcnkoidbkeokqrobfbegioiefepdenkbmkeiomcfenkbnkerke
DJ@?P@OQA@OIKEW@>u?kmfeoklkcminfejfee""
eefebrgkoscmepjijqkcofeigroinfekde~ihijfegimocdfjcihenfe
IIAP{PE@?CDKIAE@Aw?kmfeoklkcminfejfee""
?\?@>?QA@RIDEIDKI>?WI?IPI>>@?WI?CAAIPCWCGJ@w?vIK@?AIVIEKCW@?
jfee""
?\?@>?AI>UMKCDKI>?WI?CDUMCGJ@?QCAPECM?@U?K@KCM?WI?W@KCGHI>?
@AGCOIDK]AEC>?@U?WI?PAYWEK@>?CWEPE@DCE>_?CUK@AEFCW@>?IO?IE2vIK@?
oklkcminfejfee""
v?{2@?QA@WUK@?WI?@QIACGHI>?WI?PAIWEK@?CUK@AEFCWC>_?IO?Z@AOC?
[UI?VUAEWEPCOIDKI?Q@>>ELEMEKI?C@?Q@WIA?IIPUKER@?AICMEF]\MC>?vIK@?
oklkcminfejfee""
#eejmkjnkbkegfoebrgkoscmepjijqkcofeienckokjiegfbcmcie
kjmokefeimcfepjijqkcofekefegibbcfepjijqkcofeqfjlrijnfbke
CEDWC_?@>?>CMW@>?W@>?PAYWEK@>?CWEPE@DCE>?KACD>ZIAEW@>?I?C>?@QIACGHI>?
WI?PAIWEK@?C?IMI>?REDPUMCWC>S?kmfeoklkcminfejfee""
#eejmkjnkbkegfoekqkbbfenkeiookqinifegioiefbepjbenkbmke
CAKEB@_?@?>CMW@?Q@>EKER@?WC>?WEZIAIDGC>?CPUOUMCWC>?O>?C?O>?IDKAI?
C?CAAIPCWCGJ@?QAIRE>KC?I?C?AICMEFCWC_?P@D>EWIACDW@\>I_?CEDWC_?C?
KIDWDPEC?W@?IIAP{PE@S2kmfeoklkcminfejfee""
#eue|ioiefepdenkeigroioefbeokqrobfbermchcskcbegofkjckjmkbe
WI?IPI>>@?WI?CAAIPCWCGJ@_?WIWUFEA\>I\C?C?EOQ@AK7DPEC?W@>?PAYWE\
K@>?IKAC@AWED]AE@>?CLIAK@>?D@?IIAP{PE@vIK@?AIVIEKCW@?D@?SXS?
""

=AKS?S?=>?P@KC>?KAEOI>KACE>?Q@WIAJ@?>IA?CMKIACWC>?WUACDKI?@?
IIAP{PE@_?@L>IARCW@>?@?MEOEKI?WC?W@KCGJ@?I?@?P@OQ@AKCOIDK@?WC?
IIPUGJ@?@AGCOIDK]AECS
*31s/2+)..
0)8

???????
?=AKS?vS?5IDNUO?KAELUK@?>IA]?IEBEW@?@U?CUOIDKCW@?>IO?[UI?
C?MIE?@?I>KCLIMIGC_?DIDNUO?>IA]?P@LACW@?IO?PCWC?IIAP{PE@?>IO?
QAYREC?CUK@AEFCGJ@?@AGCOIDK]AEC_?AI>>CMRCW@>?C?KCAEZC?CWUCDIEAC?I?@?
EOQ@>K@?MCDGCW@?Q@A?O@KER@?WI?BUIAACS
?
=AKS?xS?TJ@?@LVIK@?WI?MCDGCOIDK@?@>?EOQ@>K@>?WEAIK@>?I?[UCE>\
[UIA?@UKAC>?AIDWC>?P@O?RIDPEOIDK@?WIKIAOEDCW@?IO?MIE_?AIBUMC\
OIDK@?@U?P@DKACK@S
=AKS?yS?X?MCDGCOIDK@?WC?AIPIEKC_?@?CK@?WC?AIQCAKEGJ@?P@OQI\
mkjmkerkekocpqieiegofqknjqcienfeqo}ncmfepbqihekeiegkbbfierke
MNI?Y?WIRIW@AC?I?ED>PAIRI?@?WYLEK@?WI>KCS
=AKS?zS?5J@?>IA]?CWOEKEWC?C?P@OQID>CGJ@?WC?@L>IARCGJ@?WI?
AIP@MNIA?AIDWC>?@U?AIPIEKC>?P@O?WEAIEK@?PAIWEK`AE@?P@DKAC?C?
CFIDWC?
|~hcqi
=AKS?S?X>?CBIDKI>?WC?CAAIPCWCGJ@?WIRIO?Z@ADIPIA?AIPEL@>?
WC>?EOQ@AK7DPEC>?[UI?CAAIPCWCAIOS
e#eebeokqc~fbenkkdeqfjmkoefejfdkeniegkbbfierkegiie
iebfdieiookqininiegofkjcjqciekeqhibbcpqife~kdeqfdfeie
WCKC?C?C>>EDCKUAC?W@?CBIDKI?CAAIPCWCW@ASvIK@?AIVIEKCW@?D@?SXS?
""
e#eebeokqc~fbebkofefojkqcnfbekderdiejcqieci

=AKS?zzS?X>?PAYWEK@>?IKAC@AWED]AE@>?>IAJ@?CLIAK@>?Q@A?WIPAI\
K@?W@?@WIA?IPUKER@_?[UI?WIMI>?WCA]?EOIWECK@?P@DNIPEOIDK@?C@?
@WIA?IBE>MCKER@S


=AKS?S?X?AIP@MNEOIDK@?WI?K@WC>?C>?AIPIEKC>?ZCA\>I\]?IO?I>KAEKC?
@L>IAR7DPEC?C@?QAEDP{QE@?WI?UDEWCWI?WI?KI>@UACAEC_?RIWCWC?[UCM\
[UIA?ZACBOIDKCGJ@?QCAC?PAECGJ@?WI?PCEC>?I>QIPECE>S

#euebbiekocpqifemkdegfoepdeigroio
?\?C?@AEBIO?I?@?@LVIK@?W@?[UI?>I?WIRI?QCBCAw
?\?C?EOQ@AK7DPEC?ICKC?C?QCBCAw
?\?C?[UIO?>I?WIRI?QCBCA?C?EOQ@AK7DPEC_?QCAC?IKEDBUEA?C?@LAE\
BCGJ@S
#eeaehcrcnifenienkbgkbiegfoefojkqcdkjmfbekcmfbefre
>IAREG@>?QAI>KCW@>?KIA]?Q@A?LC>Iu
?\?@?P@DKACK@_?CVU>KI?@U?CP@AW@?AI>QIPKER@w
?\?C?D@KC?WI?IOQIDN@w
?\?@>?P@OQA@RCDKI>?WC?IDKAIBC?WI?OCKIAECM?@U?WC?QAI>KCGJ@?
IZIKERC?W@?>IAREG@S

aome"ekbbihinfefencbgfbmfejfegiosoifejcqfenfeiomcfe
y/%+')/-%ebkofeqhibbcpqinibeqfdfeokqkcmiefoidkjmsociebf~eibe
AULAEPC>?QA`QAEC>_?K@WC>?C>?AIPIEKC>?CAAIPCWCWC>_?EDPMU>ERI?C>?QA@\
RIDEIDKI>?WI?@QIACGHI>?WI?PAYWEK@_?CEDWC?[UI?DJ@?QAIRE>KC>?D@?XA\
GCOIDK@S?kmfeoklkcminfejfee""
*31s/2+)...
0)0

=AKS?zS?=?@AWIO?WI?QCBCOIDK@?Y?@?WI>QCPN@?ICACW@?Q@A?CU\
K@AEWCWI?P@OQIKIDKI_?WIKIAOEDCDW@?[UI?C?WI>QI>C?>IVC?QCBCS
|iosoifejcqfeaefonkdenkegiidkjmfeb6egfnkosebkoekioinie
IO?W@PUOIDK@>?QA@PI>>CW@>?QIM@>?>IAREG@>?WI?P@DKCLEMEWCWI?vIK@?
oklkcminfejfee""

=AKS?S?X?IOQIDN@?WI?WI>QI>C?Y?@?CK@?IOCDCW@?WI?CUK@AEWCWI?
P@OQIKIDKI?[UI?PAEC?QCAC?@?>KCW@?@LAEBCGJ@?WI?QCBCOIDK@?QID\
WIDKI?@U?DJ@?WI?EOQMIOIDK@?WI?P@DWEGJ@S?vIK@?AIVIEKCW@?D@?SXS?
""
=AKS?w?\?X?IOQIDN@?WC?WI>QI>C?DJ@?Q@WIA]?IPIWIA?@?MEOE\
KI?W@>?PAYWEK@>?P@DPIWEW@>S?IWCGJ@?WCWC?QIMC?IE?D$?Syw_?WI?

#eekbbihinfefencbgfbmfejfeaomeeniefjbmcmrcfeknkoihe
}ekninfeifbe} rjcqgcfbekdgkjioejfehmcdfedbenfedijnimfe
W@?AIZIEK@_?OCE>?W@?[UI?@?WU@WYPEO@?WC?WI>QI>C?QAIRE>KC?D@?
@AGCOIDK@?REBIDKIS?CA]BACZ@?EDPMU{W@?QIMC?IE?D$?Syw_?WI?

#eecqiemid~}dekninfeifbe} rjcqgcfbejfedkbdfegkofnfe
ibbrdcoegfoerihrkoefodieqfdgofdcbbfbepjijqkcofbegioie
IIPUGJ@?WIQ@E>?W@?KYAOED@?W@?OCDWCK@?W@?AIZIEK@S?CA]BACZ@?
cjqhrnfegkhiekcejeenke
#eeabencbgfbckbenfbegiosoifbeijmkocfokbejfebkeighcqide
jfbeqibfbeqfdgofinfbenkeqihidcninkeg~hcqieCA]BACZ@?EDPMU{W@?
gkhiekcejeenke
#eekgrmidbkejrhfbekenkejkjrdekkcmfefbekdgkjfbeke
CK@>?QACKEPCW@>?IO?WI>CP@AW@?P@O?@?WE>Q@>K@?D@>?QCA]BACZ@>?v$?
I?x$?WI>KI?CAKEB@_?>IO?QAIVU{F@?WC?AI>Q@D>CLEMEWCWI?W@?AIZIEK@?
D@>?KIAO@>?W@?=AKS?v$_?EDPE>@?v_?W@?IPAIK@\MIE?DS$?xv_?WI?x?
WI?ZIRIAIEA@?WI?vwS?CA]BACZ@?EDPMU{W@?QIMC?IE?D$?Syw_?WI?


=AKS?S?X?QCBCOIDK@?WC?WI>QI>C?>IA]?IZIKUCW@?Q@A?KI>@UACAEC?
@U?QCBCW@AEC?AIBUMCAOIDKI?ED>KEKU{W@>?Q@A?I>KCLIMIPEOIDK@>?LCD\
P]AE@>?PAIWIDPECW@>?I_?IO?PC>@>?IPIQPE@DCE>_?Q@A?OIE@?WI?CWECD\
KCOIDK@S
=AKS?S?=>?W@KCGHI>?CKAELU{WC>?>?WERIA>C>?UDEWCWI>?@AGCOID\
K]AEC>?Q@WIAJ@?[UCDW@?IQAI>>COIDKI?WIKIAOEDCW@?DC?IE?WI?XA\
GCOIDK@?>IA?O@REOIDKCWC>?Q@A?`ABJ@>?PIDKACE>?WI?CWOEDE>KACGJ@?
BIACMS
|iosoifejcqfeegkodcmcnieieokncbmoc~rcfenkegioqkhibenibe
W@KCGHI>?WI?QI>>@CM_?WI?UOC?QCAC?@UKAC?UDEWCWI?@AGCOIDK]AEC_?
[UCDW@?P@D>EWIACWC?EDWE>QID>]RIM??O@REOIDKCGJ@?WI?QI>>@CM?
WIDKA@?WC>?KCLIMC>?@U?[UCWA@>?P@OUD>?>?UDEWCWI>?EDKIAI>>CWC>_?C?
rkebkeokihckekdef~kncjqcieehkcbhifekbgkqpqi
aomeebegiidkjmfbenkcnfbegkhieikjnie|~hcqiekde
REAKUWI?WI?>IDKIDGC?VUWEPE]AEC_?ZCA\>I\J@?DC?@AWIO?WI?CQAI>IDKCGJ@?
W@>?QAIPCK`AE@>?I??P@DKC?W@>?PAYWEK@>?AI>QIPKER@>_?>IDW@?QA@ELEWC?
C?WI>EBDCGJ@?WI?PC>@>?@U?WI?QI>>@C>?DC>?W@KCGHI>?@AGCOIDK]AEC>?I?
jfbeqo}ncmfbeincqcfjicbei~komfbegioiekbbkepd
=AKS?S?X?AIBEOI?WI?CWECDKCOIDK@?Y?CQMEP]RIM?C@>?PC>@>?WI?
nkbgkbibekgokbbidkjmkenkpjcnfbekdehkcekeqfjbcbmkejiekjmokienke
DUOIA]AE@?C?>IAREW@A_?>IOQAI?QAIPIWEWC?WI?IOQIDN@?DC?W@KCGJ@?
go6gociegioiefepdenkeokihcioenkbgkbiberkejfegfbbidebr~fonc\
DCA\>I?C@?QA@PI>>@?D@AOCM?WI?CQMEPCGJ@S

=AKS?S??RIWCWC?C?AICMEFCGJ@?WI?WI>QI>C?>IO?QAYRE@?IOQI\
DN@S
#eedeqibfbekbgkqcicbegokcbmfbejiehkcbhifekbgkqpqiebkose
WE>QID>CWC?C?IOE>>J@?WC?D@KC?WI?IOQIDN@S
#eekosekcmfegfoekbmcdimciefekdgkjfenienkbgkbieqrlfe
O@DKCDKI?DJ@?>I?Q@>>C?WIKIAOEDCAS
#eeegkodcmcnfefekdgkjfehf~ihenkenkbgkbibeqfjmoimricbeke
@UKAC>_?>UVIEKC>?C?QCAPIMCOIDK@S

=AKS?wS?5J@?>I?ZCA]?CWECDKCOIDK@?C?>IAREW@A?IO?CMPCDPI?DIO?
C?AI>Q@D>]RIM?Q@A?W@E>?CWECDKCOIDK@S?vIK@?AIVIEKCW@?D@?SXS?
""

=AKS?vS?CAC?PCWC?IOQIDN@?>IA]?IKAC{W@?UO?W@PUOIDK@?WI\
D@OEDCW@?D@KC?WI?IOQIDN@?[UI?EDWEPCA]?@?D@OI?W@?PAIW@A_?C?
AIQAI>IDKCGJ@?I?C?EOQ@AK7DPEC?WC?WI>QI>C?LIO?P@O@?C?WIWUGJ@?
WI>KC?W@?>CMW@?WC?W@KCGJ@?QA`QAECS

=AKS?S?=?C[UE>EGJ@?WI?OCKIAECM_?@?Z@ADIPEOIDK@?I?C?CWVUWEPC\
GJ@?WI?@LAC>?I?>IAREG@>?>IAJ@?AIBUMCW@>?IO?MIE_?AI>QIEKCW@?@?QAED\
P{QE@?WC?P@DP@AADPECS
/s/2+)7..
0)1)-

=AKS?xS?X?QCBCOIDK@?WC?WI>QI>C?>`?>IA]?IZIKUCW@?[UCDW@?@A\
WIDCW@?CQ`>?>UC?AIBUMCA?ME[UEWCGJ@S

aomeefjbmcmrcerjnfekbgkqcihefegofnrmfenkeokqkcmibekbgk\
qcpqiniberkegfoehkcebkecjqrhideeokihcifenkenkmkodcjinfbef~\
VIKER@>?@U?>IAREG@>_?ZCPUMKCWC?C?CW@GJ@?WI?D@AOC>?QIPUMECAI>?WI?
CQMEPCGJ@S

aomeeaehcrcnifenienkbgkbieqfjbcbmkejiekocpqifenfenc\
AIEK@?CW[UEAEW@?QIM@?PAIW@A?KIDW@?Q@A?LC>I?@>?K{KUM@>?I?W@PUOIDK@>?
P@OQA@LCK`AE@>?W@?AI>QIPKER@?PAYWEK@S


=AKS?xS?=?CQMEPCGJ@?WC>?AIPIEKC>?@AGCOIDK]AEC>?REDPUMCWC>?C?
KUAD@>?I>QIPECE>?ZCA\>I\]?CKACRY>?WI?W@KCGJ@?P@D>EBDCWC?DC?IE?WI?
XAGCOIDK@?@U?IO?PAYWEK@>?CWEPE@DCE>S
=AKS?yS?TCMR@?WIKIAOEDCGJ@?IO?P@DKA]AE@?WC?MIE?[UI?@?ED>KE\
KUEU_?@?>CMW@?Q@>EKER@?W@?ZUDW@?I>QIPECM?CQUACW@?IO?LCMCDG@?>IA]?
KACD>ZIAEW@?QCAC?@?IIAP{PE@?>IBUEDKI_?C?PAYWEK@?W@?OI>O@?ZUDW@S
=AKS?zS?=?MIE?[UI?ED>KEKUEA?ZUDW@?I>QIPECM?Q@WIA]?WIKIAOEDCA?
D@AOC>?QIPUMECAI>?WI?P@DKA@MI_?QAI>KCGJ@?I?K@OCWC?WI?P@DKC>_?>IO?
nkerihrkoedfnfekhcncoeieqfdgkmjqciekbgkqpqienfe8oc~rjihenke
fjmibefre6ofekrcihkjmk
/s/2+)7...
0)*))-)+
*31s/2+).
0)6
=AKS?S?X?P@DKA@MI?WC?IIPUGJ@?@AGCOIDK]AEC?P@OQAIIDWIA]u
?\?C?MIBCMEWCWI?W@>?CK@>?WI?[UI?AI>UMKIO?C?CAAIPCWCGJ@?WC?AI\
PIEKC?@U?C?AICMEFCGJ@?WC?WI>QI>C_?@?DC>PEOIDK@?@U?C?IKEDGJ@?WI?
WEAIEK@>?I?@LAEBCGHI>w
eeiepnkhcninkerjqcfjihenfbeikjmkbenieindcjcbmoifeokb\
gfjbskcbegfoe~kjbekeihfokbeg~hcqfb
?\?@?PUOQAEOIDK@?W@?QA@BACOC?WI?KACLCMN@?IQAI>>@?IO?KIA\
O@>?O@DIK]AE@>?I?IO?KIAO@>?WI?AICMEFCGJ@?WI?@LAC>?I?QAI>KCGJ@?WI?
>IAREG@>S
*31s/2+)..
0)*).
=AKS?S?X?@WIA?IPUKER@?IIAPIA]?@>?KA>?KEQ@>?WI?P@DKA@MI?C?
[UI?>I?AIZIAI?@?CAKEB@?_?>IO?QAIVU{F@?WC>?CKAELUEGHI>?W@?^AELUDCM?
nkefjmibefre6ofekrcihkjmk
aomeeaekocpqifeniehkihcninkenfbeimfbenkekkqrfefoi\
OIDK]AEC?>IA]?QAYREC_?P@DP@OEKCDKI?I?>UL>I[IDKIS
=AKS?S?=MYO?WC?QAI>KCGJ@?@U?K@OCWC?WI?P@DKC>?CDUCM_?[UCDW@?
cjbmcmrniekdehkcefregfoepdenkekbmfegfnkoseikoeierihrkoe
KIOQ@_?MIRCDKCOIDK@_?QAI>KCGJ@?@U?K@OCWC?WI?P@DKC>?WI?K@W@>?@>?
okbgfjbskcbegfoe~kjbefreihfokbeg~hcqfb
=AKS?wS?=@?`ABJ@?EDPUOLEW@?WC?IMCL@ACGJ@?WC?QA@Q@>KC?@A\
GCOIDK]AEC?@U?C?@UKA@?EDWEPCW@?DC?MIBE>MCGJ@_?PCLIA]?@?P@DKA@MI?
I>KCLIMIPEW@?D@?EDPE>@??W@?CAKEB@?S
|iosoifejcqfebbkeqfjmofhkeiobkserijnfefoefeqibfe
IO?KIAO@>?WI?UDEWCWI>?WI?OIWEWC_?QAIRECOIDKI?I>KCLIMIPEW@>?QCAC?
PCWC?CKEREWCWIS
aomezefdgkmkeifbebkocfbenkeqfjmi~chcninkefre6ofbe
krcihkjmkbekocpqioeiekimief~bkojqcienfbehcdcmkbenibeqfmibemoc\
OI>KACE>?CKAELU{WC>?C?PCWC?UDEWCWI?@AGCOIDK]AEC_?WIDKA@?W@?>E>KIOC?
rkefoecjbmcmrnfegioiekbbkepd
*31s/2+)...
0)*)-
=AKS?vS?X?P@DKA@MI?WC?IIPUGJ@?@AGCOIDK]AEC_?QIM@?@WIA?I\
cbhimcfemkosegfoef~lkmcfekocpqioeiegof~cninkenieindcjcbmoife
ierioniekehkihekdgokfenfbencjkcofbeg~hcqfbekefeqrdgocdkjmfe
WC?IE?WI?XAGCOIDK@S


=AKS?xS?X?@WIA?IPUKER@_?CDUCMOIDKI_?QAI>KCA]?P@DKC>?C@?
|fnkoekcbhimcfejfegoifekbmi~khkqcnfejibefjbmcmrckbefrejibe
IE>?XAB7DEPC>?W@>? UDEP{QE@>S
#eeabeqfjmibenfe|fnkoekqrmcfebkofebr~dkmcnibeife|fnkoe
kcbhimcfeqfde|iokqkoego}cfenfe8oc~rjihenkefjmibefre6ofe
I[UERCMIDKIS
#eerijnfejfe} rjcqgcfejfefrkoe8oc~rjihenkefjmibe
fre6ofekrcihkjmkeiedioienkekokinfokbegfnkosenkbcjioe
gkocmfbeqfjminfokbegioiekocpqiokdeibeqfjmibenfegokkcmfekebf~oke
IMC>?IOEKEAIO?QCAIPIAS
/s/2+).
0)*K
*31s/2+).
0)6
aomezeaeqfjmi~chcninkekcnkjqciosegkoijmkeieikjnie|\
LMEPC?C?>EKUCGJ@?WI?K@W@>?[UCDK@>_?WI?[UCM[UIA?O@W@_?CAAIPCWIO?
AIPIEKC>_?IZIKUIO?WI>QI>C>_?CWOEDE>KAIO?@U?BUCAWIO?LID>?C?IMC?
gkomkjqkjmkbefreqfjpinfb
aomezekbbihinieieqfdgkmjqcienfe8oc~rjihenkefjmibefre
`ABJ@?I[UERCMIDKI_?C?K@OCWC?WI?P@DKC>?W@>?CBIDKI>?AI>Q@D>]RIE>?
gfoe~kjbefrencjkcofbeg~hcqfbebkoseokihciniefrebrgkocjmkjncnie
QIM@>?>IAREG@>?WI?P@DKCLEMEWCWIS
=AKS?S?X>?>IAREG@>?WI?P@DKCLEMEWCWI?>IAJ@?@ABCDEFCW@>?WI?
Z@AOC?C?QIAOEKEAIO?@?CP@OQCDNCOIDK@?WC?IIPUGJ@?@AGCOIDK]\
AEC_?@?P@DNIPEOIDK@?WC?P@OQ@>EGJ@?QCKAEO@DECM_?C?WIKIAOEDCGJ@?
W@>?PU>K@>?W@>?>IAREG@>?EDWU>KAECE>_?@?MIRCDKCOIDK@?W@>?LCMCDG@>?
koicbeieijshcbkekeiecjmkogokmifenfbeokbrhminfbekqfjdcqfbekep\
DCDPIEA@>S
aomezeaekbqocmroifebcjm}mcqienibefgkoikbepjijqkcoibeke
QCKAEO@DECE>?IZIKUCA\>I\]?QIM@?OYK@W@?WC>?QCAKEWC>?W@LACWC>S
=AKS?S?CRIA]?P@DKA@MI?P@DK]LEM?W@>?WEAIEK@>?I?@LAEBCGHI>?
focrjnfbenkeilrbmkbefreqfjmoimfbekderkeieindcjcbmoifeg~hcqie
Z@A?QCAKIS
=AKS?S?X>?WYLEK@>?I?PAYWEK@>?>IAJ@?I>PAEKUACW@>?P@O?EDWERE\
nrifenfenkknfoefrenfeqoknfoekekbgkqcpqifeniejimrokiecd\
gfomjqciekenimienfekjqcdkjmferijnfepini
=AKS?wS?=?P@DKCLEMEWCWI?IREWIDPECA]?@>?ZCK@>?MEBCW@>??CWOE\
jcbmoifefoidkjmsociepjijqkcoiegimocdfjcihekecjnrbmocih
*31s/2+)..
0)*K)+))1
=AKS?w?=?P@DKCLEMEWCWI?WIRIA]?IREWIDPECA_?IO?>IU>?AIBE>KA@>_?
@?O@DKCDKI?W@>?PAYWEK@>?@AGCOIDK]AE@>?REBIDKI>_?C?WI>QI>C?IOQI\
DNCWC?I?C?WI>QI>C?AICMEFCWC_??P@DKC?W@>?OI>O@>?PAYWEK@>_?I?C>?
W@KCGHI>?WE>Q@D{RIE>S
=AKS?wvS?X?AIBE>KA@?P@DK]LEM?WC?AIPIEKC?I?WC?WI>QI>C?ZCA\>I\]?WI?
iqfonfeqfdeibekbgkqcpqikbeqfjbmijmkbeniekcenkeoidkjmfeke
W@>?PAYWEK@>?CWEPE@DCE>S
=AKS?wxS?=encniermrijmkeqfdgokkjnk


?\?@>?AI>K@>?C?QCBCA_?IPMU{W@>?@>?>IAREG@>?WC?W{REWCw
?\?@>?>IAREG@>?WC?W{REWC?C?QCBCAw
?\?@>?WIQ`>EK@>w
v?\?@>?WYLEK@>?WI?KI>@UACAECS
|iosoifejcqfeeokcbmofenfbeokbmfbeiegiioeiobksegfoe
IIAP{PE@?I?Q@A?PAIW@A?WE>KEDBUEDW@\>I?C>?WI>QI>C>?QA@PI>>CWC>?WC>?
DJ@?QA@PI>>CWC>S
=AKS?wyS?^@WC>?C>?@QIACGHI>?WI?[UI?AI>UMKIO?WYLEK@>?I?PAYWE\
mfbenkejimrokiepjijqkcoiejfeqfdgokkjncnibejiekkqrfefoi\
OIDK]AEC_?>IA]?KCOLYO?@LVIK@?WI?AIBE>KA@_?EDWEREWUCGJ@?I?P@DKA@MI?
P@DK]LEMS
*31s/2+)...
0)*K)1)).
=AKS?wzS?CRIA]?AIBE>KA@>?CDCM{KEP@>?WI?K@W@>?@>?LID>?WI?PCA]KIA?
QIAOCDIDKI_?P@O?EDWEPCGJ@?W@>?IMIOIDK@>?DIPI>>]AE@>?QCAC?C?QIA\
ZIEKC?PCACPKIAEFCGJ@?WI?PCWC?UO?WIMI>?I?W@>?CBIDKI>?AI>Q@D>]RIE>?
QIMC?>UC?BUCAWC?I?CWOEDE>KACGJ@S
=AKS?w?=?P@DKCLEMEWCWI?OCDKIA]?AIBE>KA@>?>EDKYKEP@>?W@>?LID>?
O`RIE>?I?EO`RIE>S
=AKS?wS?X?MIRCDKCOIDK@?BIACM?W@>?LID>?O`RIE>?I?EO`RIE>?KIA]?
Q@A?LC>I?@?EDRIDK]AE@?CDCM{KEP@?WI?PCWC?UDEWCWI?CWOEDE>KACKERC?I?@>?
IMIOIDK@>?WC?I>PAEKUACGJ@?>EDKYKEPC?DC?P@DKCLEMEWCWIS
aomee|ioiepjbefoidkjmsocfbekenkmkodcjifenfbenkknf\
okbemkobksefeokcbmofeqfjms~chenibeokqkcmibegimocdfjcicbepbqihc\
FCDW@\>I?>UC?IZIKERCGJ@S
=AKS?wS?=?WEREWC?ZUDWCWC?P@OQAIIDWI?@>?P@OQA@OE>>@>?WI?
IEBELEMEWCWI?>UQIAE@A?C?W@FI?OI>I>_?P@DKAC{W@>?QCAC?CKIDWIA?C?WI\
bkrch~ocfefoidkjmsocfefreiepjijqkcofenkef~oibekebkocfbeg~hc\
P@>S?kmfeoklkcminfejfee""
|iosoifejcqfeaencnierjniniebkosekbqocmroinieqfdecj\
nccnrifekekbgkqcpqikberkegkodcmidekocpqioeierihrkoe
O@OIDK@_?C?Q@>EGJ@?W@>?IOQAY>KEO@>_?LIO?P@O@?@>?AI>QIPKER@>?
>IAREG@>?WI?CO@AKEFCGJ@?I?VUA@>S
aomeebebkocfbeg~hcqfbecjnrbmocicbeicjnierkejfefoi\
jcinfbeqfdfekdgokbieg~hcqiefreirmsorcqiedijmkofeqfjmi~c\
MEWCWI?I>QIPECM?QCAC?WIKIAOEDCGJ@?W@>?PU>K@>_?EDBAI>>@>?I?AI>UMKC\
nfbebkdegoklrfeniekbqocmroifegimocdfjcihekepjijqkcofeqfdrd
=AKS?v?=>?CMKIACGHI>?WC?>EKUCGJ@?M{[UEWC?QCKAEO@DECM_?[UI?
CLACDBIO?@>?AI>UMKCW@>?WC?IIPUGJ@?@AGCOIDK]AEC_?LIO?P@O@?C>?
RCAECGHI>?EDWIQIDWIDKI>?WI>>C?IIPUGJ@?I?C>?>UQIARIDEDPEC>?I?
ED>UL>E>KDPEC?CKERC>?I?QC>>ERC>_?P@D>KEKUEAJ@?IMIOIDK@>?WC?P@DKC?
QCKAEO@DECMS
*31s/2+).7
0);
=AKS?vvS?X>?AI>UMKCW@>?BIACE>?W@?IIAP{PE@?>IAJ@?WIO@D>KAC\
W@>?D@?CMCDG@?XAGCOIDK]AE@_?D@?CMCDG@?
EDCDPIEA@_?D@?CMCDG@?
CKAEO@DECM_?DC?IO@D>KACGJ@?WC>?vCAECGHI>?CKAEO@DECE>_?>IBUD\
nfefbeajkfbejdkofbeeeeke"ekefberinofbenkdfjbmoimcfbe
qfjbmijmkbenfbeajkfbejdkofbeeeezeeeeeke
=AKS?vxS?X?CMCDG@?XAGCOIDK]AE@?WIO@D>KACA]?C>?AIPIEKC>?I?
WI>QI>C>?QAIRE>KC>?IO?P@DZA@DK@?P@O?C>?AICMEFCWC>S


=AKS?vyS?X?CMCDG@?
EDCDPIEA@?WIO@D>KACA]?C?AIPIEKC?I?C?WI>\
QI>C?@AGCOIDK]AEC>?LIO?P@O@?@>?AIPILEOIDK@>?I?@>?QCBCOIDK@>?WI?
DCKUAIFC?IKAC@AGCOIDK]AEC_?P@DVUBCW@>?P@O?@>?>CMW@>?IO?I>QYPEI?
QA@RIDEIDKI>?W@?IIAP{PE@?CDKIAE@A_?I?@>?[UI?>I?KACD>ZIAIO?QCAC?@?
IIAP{PE@?>IBUEDKIS
|iosoifejcqfebekbmfbeie|iioenfekkoqqcfebkofeqfdgr\
KCW@>?DC?AIPIEKC?IKAC@AGCOIDK]AEC?QCAC?P@OQID>CA?>UC?EDPMU>J@?DC?
WI>QI>C?@AGCOIDK]AECS
=AKS?vzS?=?IO@D>KACGJ@?WC>?vCAECGHI>?CKAEO@DECE>?IRE\
nkjqcioseibeihmkoikbekocpqinibejfegimocdjcfeokbrhmijmkbefre
EDWIQIDWIDKI>?WC?IIPUGJ@?@AGCOIDK]AEC_?I?EDWEPCA]?@?AI>UMKCW@?
QCKAEO@DECM?W@?IIAP{PE@S
=AKS?vS?X?CMCDG@?CKAEO@DECM?WIO@D>KACA]u
?\?X?=KER@?
EDCDPIEA@w
?\?X?=KER@?IAOCDIDKIw
?\?X?C>>ER@?
EDCDPIEA@w
v?\?X?C>>ER@?IAOCDIDKIw
v?\?X?TCMW@?CKAEO@DECMw
eeabefjmibenkefdgkjbif
#eeeamcfecjijqkcofeqfdgokkjnkosefbeqo}ncmfbekeihfokbe
AICMEF]RIE>?EDWIQIDWIDKIOIDKI?WI?CUK@AEFCGJ@?@AGCOIDK]AEC?I?@>?
RCM@AI>?DUOIA]AE@>S
#eeeamcfe|kodijkjmkeqfdgokkjnkosefbe~kjbeqo}ncmfbeke
RCM@AI>_?PUVC?O@LEMEFCGJ@?@U?CMEIDCGJ@?WIQIDWC?WI?CUK@AEFCGJ@?
MIBE>MCKERCS
#eee|ibbcfecjijqkcofeqfdgokkjnkoseibencniberjninibeke
@UKA@>?QCBCOIDK@?EDWIQIDWC?WI?CUK@AEFCGJ@?@AGCOIDK]AECS
#eee|ibbcfe|kodijkjmkeqfdgokkjnkoseibencniberjninibe
I?@UKAC>?[UI?WIQIDWCO?WI?CUK@AEFCGJ@?MIBE>MCKERC?QCAC?CO@AKEFCGJ@?
@U?AI>BCKIS
#e"e7ibeqfjmibenkeqfdgkjbifebkofeokcbmoinfbefbe~kjbe
RCM@AI>_?@LAEBCGHI>?I?>EKUCGHI>?DJ@?P@OQAIIDWEWC>?D@>?QCA]BACZ@>?
CDKIAE@AI>?I?[UI_?EOIWECKC?@U?EDWEAIKCOIDKI_?Q@>>CO?REA?C?CZIKCA?@?
QCKAEO DE@S
=AKS?vS?=?CRCMECGJ@?W@>?IMIOIDK@>?QCKAEO@DECE>?@LIWIPIA]?
C>?D@AOC>?>IBUEDKI>u
?\?@>?WYLEK@>?I?PAYWEK@>_?LIO?P@O@?@>?K{KUM@>?WI?AIDWC_?QIM@?
>IU?RCM@A?D@OEDCM_?ZIEKC?C?P@DRIA>J@_?[UCDW@?IO?O@IWC?I>KACDBIE\
AC_??KCC?WI?P7OLE@?REBIDKI?DC?WCKC?W@?LCMCDG@w
?\?@>?LID>?O`RIE>?I?EO`RIE>_?QIM@?RCM@A?WI?C[UE>EGJ@?@U?QIM@?
PU>K@?WI?QA@WUGJ@?@U?WI?P@D>KAUGJ@w
?\?@>?LID>?WI?CMO@CAEZCW@_?QIM@?QAIG@?OYWE@?Q@DWIACW@?
WC>?P@OQAC>S
#euebeihfokbekdekbg}qckeibbcdeqfdfefben}~cmfbekeqo}ncmfbe
rijnfekdedfkniekbmoijkcoienkkofeproioeifehinfenibe
P@AAI>Q@DWIDKI>?EOQ@AK7DPEC>?IO?O@IWC?DCPE@DCMS
#eeabeiocikbeokbrhmijmkbenieqfjkobfenfben}~cmfbe
PAYWEK@>?I?RCM@AI>?IO?I>QYPEI?>IAJ@?MIRCWC>??P@DKC?QCKAEO@DECMS
#ee|fnkofebkoekcmibeokiihcikbenfbe~kjbed6kcbekecd6kcb
/s/2+)
0)3))+)-
=AKS?vS?=>?IDKEWCWI>?CUK]A[UEPC>?@U?QCACI>KCKCE>_?EDPMU>ERI?
WI?QAIREWDPEC?>@PECM?@U?EDRI>KEWC>?WI?WIMIBCGJ@?QCAC?CAAIPCWCGJ@?
nkeqfjmoc~rckbegioiepbqicbeniejcfenfbebminfbenfbe} rjcq\


QE@>?I?W@?E>KAEK@?
IWIACM?KIAJ@?>IU>?@AGCOIDK@>?CQA@RCW@>?Q@A?
WIPAIK@?W@?@WIA?IPUKER@_?>CMR@?>I?WE>Q@>EGJ@?MIBCM?IQAI>>C?
WIKIAOEDCA?[UI?@?>IVCO?QIM@?@WIA?IBE>MCKER@S
CA]BACZ@ejcqfefdgokkjnkdbkejkbmiencbgfbcfeibekdgok\
bibeqfdeirmfjfdciepjijqkcoiekeindcjcbmoimcieqrlfeqigcmihegkomkj\
qkoecjmkoihdkjmkeife|fnkoe|~hcqf
=AKS?vS?X>?@AGCOIDK@>?WC>?IDKEWCWI>?AIZIAEWC>?D@?CAKEB@?
CDKIAE@A?REDPUMCA\>I\J@?C@?@AGCOIDK@?WC?DEJ@_?W@>?>KCW@>_?W@>?
 UDEP{QE@>?I?W@?E>KAEK@?
IWIACM_?QIMC?EDPMU>J@u
?\?P@O@?AIPIEKC_?>CMR@?WE>Q@>EGJ@?MIBCM?IO?P@DKA]AE@_?WI?>CMW@?
Q@>EKER@?QAIRE>K@?IDKAI?@>?K@KCE>?WC>?AIPIEKC>?I?WI>QI>C>w
?\?P@O@?>ULRIDGJ@?IP@D OEPC_?DC?AIPIEKC?W@?@AGCOIDK@?WC?
~kjkpqcsociebihfencbgfbcfehkihekdeqfjmosocfenfebihnfejkimc\
R@?QAIRE>K@?IDKAI?@>?K@KCE>?WC>?AIPIEKC>?I?WI>QI>C>S
#eebecjkbmcdkjmfbefrecjkobkbepjijqkcoibeniejcfe
W@>?>KCW@>_?W@>? UDEP{QE@>?I?W@?E>KAEK@?
IWIACM_?AICMEFCW@>?
Q@A? EDKIAOYWE@? WC>? IDKEWCWI>? CMUWEWC>? D@? CAKEB@? CDKIAE@A_?
bkofeqhibbcpqinfbeqfdfeokqkcmienkeqigcmihenkbmibekenkbgkbienke
KACD>ZIADPEC?WI?PCQEKCM?WC[UIMI>S
#eeabegokcbkbegioienkgokqcifebkofeqfdgrminibegioie
IZIEK@?WI?CQUACGJ@?W@?>CMW@?M{[UEW@?WC>?OIDPE@DCWC>?IDKEWCWI>S
=AKS?vwS?X>?@AGCOIDK@>?I?LCMCDG@>?WC>?IDKEWCWI>?P@OQAIID\
WEWC>?D@?CAKEB@?v?>IAJ@?QULMEPCW@>?P@O@?P@OQMIOIDK@?W@>?@A\
GCOIDK@>?I?LCMCDG@>?WC?DEJ@_?W@>?>KCW@>_?W@>? UDEP{QE@>?I?W@?
E>KAEK@?
IWIACM?C?[UI?I>KIVCO?REDPUMCW@>S
=AKS?vvS?X>?@AGCOIDK@>?I?LCMCDG@>?WC>?IDKEWCWI>?V]?AIZIAEWC>_?
@LIWIPIAJ@?C@>?QCWAHI>?I?D@AOC>?ED>KEKU{WC>?Q@A?I>KC?MIE_?CVU>KCW@>?
>?AI>QIPKERC>?QIPUMECAEWCWI>S
|iosoifejcqfekjmofenfegoiferkeiehkcbhifepioefbe~i\
MCDG@>?>IAJ@?AIOIKEW@>?C@?`ABJ@?PIDKACM?WI?P@DKCLEMEWCWI?WC?DEJ@_?
nfbebminfbenfbe} rjcqgcfbekenfecbmocmfeknkoihegioiepjbenke
EDP@AQ@ACGJ@?W@>?AI>UMKCW@>_?>CMR@?WE>Q@>EGJ@?MIBCM?IO?P@DKA]AE@S
/s/2+).
0)1
aomeeefjbkhfe8}qjcqfenkeqfjfdciekecjijibenfe
} cjcbm}ocfenieikjnieih}denkefrmoibeigroikbegioiepjbekbmi\
K{>KEP@>_?WI?EDKIAI>>I?DCPE@DCM_?@ABCDEFCA]?I?QULMEPCA]?@?LCMCDG@?
P@D>@MEWCW@?WC>?P@DKC>?WC?DEJ@_?>KCW@>_? UDEP{QE@>?I?E>KAEK@?

IWIACM_?>UC>?CUKCA[UEC>?I?@UKAC>?IDKEWCWI>_?LIO?P@O@?UO?[UCWA@?
I>KAUKUACMOIDKI?EWDKEP@_?LC>ICW@?IO?WCW@>?@AGCOIDK]AE@>S
#eeberinofbeokkocnfbejkbmkeiomcfemkofeiekbmormroienfe
=DI@?DS?vS
#eeerinofe~ibkinfejfbefoidkjmfbebkosegr~hcqinfeim}efe
hmcdfencienfegocdkcofebkdkbmokenfego6gocfekkoqqcfekefe~ibkinfe
jfbe~ihijfbeim}efehmcdfencienfebkrjnfebkdkbmokenfekkoqqcfe
EOIWECK@?[UIMI?C?[UI?>I?AIZIAEAIOS
=AKS?vvxS?CAC?PUOQAEOIDK@?W@?WE>Q@>K@?D@?CAKEB@?QAIPIWIDKI_?
C?DEJ@_?@>?>KCW@>_?@>? UDEP{QE@>?I?@?E>KAEK@?
IWIACM?AIOIKIAJ@?
C@?OIDPE@DCW@?`ABJ@_?CKY?y?WI?CLAEM_?@>?@AGCOIDK@>?W@?IIAP{PE@_?
I?CKY?y?WI?VUDN@_?@>?LCMCDG@>?W@?IIAP{PE@?CDKIAE@AS
|iosoifejcqfeegiidkjmfegkhiejcfenkeirhcfefreqfj\
KAELUEGJ@?C?>KCW@>_? UDEP{QE@>?@U?E>KAEK@?
IWIACM_?PUVC?P@DPI>\
>J@?DJ@?WIP@AAC?WI?EOQIACKER@?P@D>KEKUPE@DCM_?WIQIDWIA]?WI?QA@RC?
W@?CKIDWEOIDK@?C@?[UI?>I?WIKIAOEDC?DI>KI?CAKEB@S


aomee|ioiepkhekerjcfodkeighcqifenibegokbkjmkbejfodibe
fefjbkhfe8}qjcqfenkeqfjfdciekecjijibenfe} cjcbm}ocfeniei\
FIDWC?CKIDWIA]?C?P@D>UMKC>_?P@MEBEA]?IMIOIDK@>_?QA@O@RIA]?@?EDKIA\
P7OLE@?WI?WCW@>?EDZ@AOCKER@>_?IQIWEA]?AIP@OIDWCGHI>?KYPDEPC>_?
[UCDW@?>@MEPEKCWC>_?I?CKUCMEFCA]?>IOQAI?[UI?VUMBCA?P@DRIDEIDKI_?@>?
CDI@>?[UI?EDKIBACO?C?QAI>IDKI?MIES
|iosoifejcqfe|ioiefbepjbegokcbmfbejkbmkeiomcfegfnkofe
>IA?QA@O@REWC>_?[UCDW@?DIPI>>]AE@_?P@DZIADPEC>?@U?AIUDEHI>?KYP\
DEPC>_?P@O?C?QCAKEPEQCGJ@?WI?AIQAI>IDKCDKI>?WC>?IDKEWCWI>?CLACDBE\
WC>?Q@A?I>KC>?D@AOC>S
=AKS?vvzS?X>?IZIEK@>?WI>KC?MIE?>J@?P@DKCW@>?C?QCAKEA?WI?v$?WI?
lijkcofenkeegioiefepdeniekhi~foifenfbefoidkjmfbekeiegiomcoe
WI?v$?WI?VCDIEA@?WI?vw_?[UCDK@?>?WIOCE>?CKEREWCWI>?I>KCKU{WC>S?
knifeniniegkhiekcejezenkee
=AKS?vvS?IR@BCO\>I?C>?WE>Q@>EGHI>?IO?P@DKA]AE@S
AC>{MEC_?v?WI?OCAG@?WI?vwzw?vzy$?WC?DWIQIDWDPEC?I?$?
niekg~hcqi
ea8
4264
02522642 4
4020 0
2665224245
424525
02 434
5425420420
026024 46
46204
1502
051246
110200420
02 03451
>KI?KIK@?DJ@?>UL>KEKUE?@?QULMEPCW@?D@?X?WI?xySySvwz_?
okmcpqiniejfeenke?I?okmcpqiniejfeenke
?vEWI?CMKIACGJ@?W@>?CDI@>?QIMC?Q@AKCAEC?T^5?D$?xv?
?
vEWI?@AKCAEC?T^5?D$?_?WI?ySvvSxv
?

Y162\6[\]^_`6aY6bc6aY6d 3e4f6aY6bgh[
|iomkbekminibegkhfe|okbcnkjmkeniekg~hcqiekedijmcnibe
gkhfefjokbbfe7iqcfjihenfe|oflkmferkebkemoijbfodfrejiekce
D$SzSyx_WI?v?WI?OCAG@?WI?vwz?[UI?I>KCKUE?D@AOC>?BIACE>?WI?
ncokcmfepjijqkcofegioiekhi~foifekeqfjmofhkenfbefoidkjmfbe
I?LCMCDG@>?WC?DEJ@_?W@>?>KCW@>_?W@>? UDEP{QE@>?I?W@?E>KAEK@?
knkoihe
Yf
e|okbcnkjmkeniekg~hcqieifebi~koerkefefjokbbfe7i\
PE@DCM?WIPAIKC?I?IU?QA@OUMB@?DC?Z@AOC?W@?CA]BACZ@?y$?W@?=AKE\
feeniefjbmcmrcfeknkoihefbebkrcjmkbencbgfbcmcfbeniekceje
zSyx_?WI?v?WI?OCAG@?WI?vwzS?
=AKS?y$?
|iosoifejcqfe7febkeqfjbcnkoidegioiefbepjbenkbmkeiomcfe
C>?@QIACGHI>?WI?PAYWEK@?Q@A?CDKIPEQCGJ@?WC?AIPIEKC_?C>?IOE>>HI>?WI?
QCQIM\O@IWC?I?@UKAC>?IDKACWC>?P@OQID>CK`AEC>?D@?CKER@?I?QC>>ER@?
pjijqkcofbe


=AKS?$?SSS
x$?\?CAC?PUOQAEOIDK@?W@?WE>Q@>K@?D@?QCA]BACZ@?CDKIAE@A_?@?
P]MPUM@?WC>?P@KC>?KIA]?Q@A?LC>I?@>?WCW@>?CQUACW@>?D@?LCMCDG@?W@?
IIAP{PE@?CDKIAE@A?C[UIMI?IO?[UI?>I?IMCL@ACA?C?QA@Q@>KC?@AGCOID\
K]AEC?W@?@RIAD@?@LAEBCW@??KACD>ZIADPECS?
=AKS?$?SSS
???
@LIWIPEWC>?C>?WE>Q@>EGHI>?W@?CAKEB@?zyS?
=AKS?w$?^AELUK@?Y?C?AIPIEKC?WIAERCWC?ED>KEKU{WC?QIMC>?IDKEWCWI>?
nkencokcmfeg~hcqfeqfdgokkjnkjnfefbecdgfbmfbeibemiibekeqfjmoc\
~rckbejfbemkodfbeniefjbmcmrcfekenibehkcbeckjmkbekdedim}ocibe
pjijqkcoienkbmcjijnfbkefebkregofnrmfeifeqrbmkcfenkeimccninkbek\
oicbefrekbgkqpqibekkoqcnibegfoekbbiekjmcninkbe
=AKS?vz?SSS
>UL@AWEDCW@>?C@?OI>O@?`ABJ@?@U?AIQCAKEGJ@S?
v$?DKIDWI\>I?Q@A?IMIOIDK@>?@?WI>W@LACOIDK@?WC?WI>QI>C?P@O?
QI>>@CM_?OCKIAECM_?>IAREG@>_?@LAC>?I?@UKA@>?OIE@>?WI?[UI?>I?AIZIAI?C?
indcjcbmoifeg~hcqiegioieqfjbkqrfenfbebkrbepjbe
=AKS?zyS?=?CLIAKUAC?W@>?PAYWEK@>?>UQMIOIDKCAI>?I?I>QIPECE>?WI\
QIDWI?WC?IE>KDPEC?WI?AIPUA>@>?WE>Q@D{RIE>?QCAC?@P@AAIA??WI>QI>C?
kebkosegokqkncnienkekgfbcfelrbmcpqimcie
#efjbcnkoidbkeokqrobfbegioiefepdenkbmkeiomcfenkbmkerke
DJ@?P@OQA@OIKEW@>w?
eefebrgkoscmepjijqkcofeigroinfekde~ihijfegimocdfjcihenfe
IIAP{PE@?CDKIAE@Aw?
??@>?QA@RIDEIDKI>?WI?IPI>>@?WI?CAAIPCWCGJ@w?
??@>?AI>UMKCDKI>?WI?CDUMCGJ@?QCAPECM?@U?K@KCM?WI?W@KCGHI>?
@AGCOIDK]AEC>?@U?WI?PAYWEK@>?CWEPE@DCE>_?CUK@AEFCW@>?IO?MIEw?
v??@?QA@WUK@?WI?@QIACGHI>?WI?PAYWEK@?CUK@AEFCWC>_?IO?Z@AOC?
[UI?VUAEWEPCOIDKI?Q@>>ELEMEKI?@?@WIA?IPUKER@?AICMEF]\MC>S?
#ejmkjnkbkegfoebrgkoicmepjijqkcofeienckokjiegfbcmcie
kjmokefeimcfepjijqkcofekefegibbcfepjijqkcofeqfjlrijnfbkeicj\
WC_?@>?>CMW@>?W@>?PAYWEK@>?CWEPE@DCE>?KACD>ZIAEW@>?I?C>?@QIACGHI>?WI?
PAYWEK@?C?IMI>?REDPUMCWC>S?
#ejmkjnkbkegfoekqkbbfenkeiookqinifegioiefbepjbenkbmke
CAKEB@_?@?>CMW@?Q@>EKER@?WC>?WEZIAIDGC>?CPUOUMCWC>?O>?C?O>_?
IDKAI?C?CAAIPCWCGJ@?QAIRE>KC?I?C?AICMEFCWC_?P@D>EWIACDW@\>I?CEDWC_?
C?KIDWDPEC?W@?IIAP{PE@S
#e|ioiefepdenkeigroioefbeokqrobfbermchcskcbegofkjckjmkbe
WI?IPI>>@?WI?CAAIPCWCGJ@?WIWUFEA\>I\]?C?EOQ@AK7DPEC?W@>?PAYWEK@>?
IKAC@AWED]AE@>?CLIAK@>?D@?IIAP{PE@S?
=AKS?
v$?\?X>?AIPEL@>?WIRIO?P@DKIA?@?D@OI?WC?QI>>@C?[UI?QCBC?C?
bfdieiookqininiegofkjcjqciekeqhibbcpqife~kdeqfdfeienimieke
C>>EDCKUAC?W@?CBIDKI?CAAIPCWCW@AS?
aome"ekbbihinfefencbgfbmfejfegiosoifejcqfenfeiomcfe
y$?WI>KC?MIES
=AKS??
=AKS?z?
|iosoifejcqfeaefonkdenkegiidkjmfeb6egfnkosebkoekioinie
IO?W@PUOIDK@>?QA@PI>>CW@>?QIM@>?>IAREG@>?WI?P@DKCLEMEWCWIS?
=AKS?w?SSSDIO?@?AI>Q@D>]RIM?Q@A?W@E>?CWECDKCOIDK@>S?
=AKS?wxS?=?W{REWC?ZUDWCWC?>IA]?I>PAEKUACWC?P@O?EDWEREWUCGJ@?
kekbgkqcpqikberkegkodcmkdekocpqioeierihrkoedfdkjmfeie
Q@>EGJ@?W@>?IOQAY>KEO@>_?LIO?P@O@?@>?AI>QIPKER@>?>IAREG@>?WI?
CO@AKEFCGJ@?I?VUA@>S?
AC>{MEC_?z?WI?OCE@?WI?vwzw?vzyx?WC?DWIQIDWDPEC?I?$?WC?
kg~hcqie
eibmkhhfeoijqf
4

Y162 Z6b_\b_`6aY6h6aY60YYeY1ef6aY6^__b\
XABCDEFC?I?WE>PEQMEDC?@>?TE>KIOC>?WI?MCDIVCOIDK@?I?WI?XAGC\
dkjmfeknkoihenkeandcjcbmoifecjijqkcoieknkoihenkefjmi~c\
hcninkeknkoihekenkefjmofhkejmkojfenfe|fnkoekqrmcfeknkoihe
I?W]?@UKAC>?QA@REWDPEC>S

CG@?>CLIA?[UI?@?7eY51aY2Y6a36eY789
136CW@K@U?C?
} kncnie|ofcb6ociejezzenkeerkefefjokbbfe7iqcf\
jiheigoffrekekreajmfjcfeiohfbe} iihkbe|okbcnkjmkegioiefbe
kkcmfbenfencbgfbmfejfegiosoifejcqfenfeiomeeniefjbmcmrcfe

IWIACM_?QA@OUMB@?C?>IBUEDKI?IEu
/s/2+).
03)+863,.3:+)./5 .*3
*31s/2+)<,.*+
03)0.1+.:-)18-2.5 .,38-
=AKS?v$?TIAJ@?@ABCDEFCWC>?>@L?C?Z@AOC?WI?>E>KIOC>?C>?CKERE\
WCWI>?WI?QMCDIVCOIDK@?I?WI?@AGCOIDK@?ZIWIACM_?WI?CWOEDE>KACGJ@?
pjijqkcoieknkoihenkeqfjmi~chcninkeknkoihekenkeqfjmofhkecjmkojfenfe
@WIA?IPUKER@?
IWIACMS
/s/2+)..
0+)./-5 3)0-)123,-435 -,/+)-)0-)+8:35 -,/+)
1-0-832
*31s/2+).
03)1.,32.030-
=AKS?x$?X?TE>KIOC?WI?MCDIVCOIDK@?I?WI?XAGCOIDK@?
IWIACM?
mkdegfoepjihcnink
?\?Z@AOUMCA?@?QMCDIVCOIDK@?I>KACKYBEP@?DCPE@DCMw
?\?Z@AOUMCA?QMCD@>?DCPE@DCE>_?>IK@AECE>?I?AIBE@DCE>?WI?WI>ID\
R@MREOIDK@?IP@D OEP@?I?>@PECMw
?\?Z@AOUMCA?@?QMCD@?QMUAECDUCM_?C>?WEAIKAEFI>?@AGCOIDK]AEC>?I?
@>?@AGCOIDK@>?CDUCE>w
v?\?BIAIDPECA?@?QA@PI>>@?WI?QMCDIVCOIDK@?I?@AGCOIDK@?ZIWI\
ACMw
v?\?QA@O@RIA?C?CAKEPUMCGJ@?P@O?@>?>KCW@>_?@?E>KAEK@?
IWIACM?
I?@>? UDEP{QE@>_?RE>CDW@?C?P@OQCKELEMEFCGJ@?WI?D@AOC>?I?KCAIZC>?
ipjbeifbenckobfbecbmkdibejfbeghijfbeknkoihekbminrihencbmocmihe
I?OUDEPEQCMS
*31s/2+)..
03)+863,.3:+)-)03)*+5 1-/,*.3
=AKS?y$?X?TE>KIOC?WI?MCDIVCOIDK@?I?WI?XAGCOIDK@?
IWIACM?
P@OQAIIDWI?C>?CKEREWCWI>?WI?IMCL@ACGJ@_?CP@OQCDNCOIDK@?I?CRC\
MECGJ@?WI?QMCD@>_?QA@BACOC>?I?@AGCOIDK@>_?I?WI?AICMEFCGJ@?WI?I>KU\
W@>?I?QI>[UE>C>?>@PE@IP@D OEPC>S
=AKS?z$?DKIBACO?@?TE>KIOC?WI?MCDIVCOIDK@?I?WI?XAGCOIDK@?

IWIACMu
?\?@? EDE>KYAE@?W@?MCDIVCOIDK@_?XAGCOIDK@?I?I>KJ@_?P@O@?
`ABJ@?PIDKACMw
?\?`ABJ@>?>IK@AECE>w
ee6ofbekbgkqpqfb
#e@?X>?`ABJ@>?>IK@AECE>?>J@?C>?UDEWCWI>?WI?QMCDIVCOIDK@?I?@A\
GCOIDK@?W@>? EDE>KYAE@>_?WC?=WR@PCPEC\IACM?WC?DEJ@_?WC?vEPI\
|okbcnjqciekenieibiecchenie|okbcnjqcieniekg~hcqi


#e@?be6ofbekbgkqpqfbebfeirkhkbecjqrhinfbefrebr~fonc\
DCW@>?C@?`ABJ@?PIDKACM?W@?TE>KIOC_?PUVC?OE>>J@?I>K]?R@MKCWC?QCAC?
C>?CKEREWCWI>?WI?QMCDIVCOIDK@?I?@AGCOIDK@S
#e@?be6ofbebkmfocicbekekbgkqpqfbepqidebrlkcmfbeefockjmi\
GJ@?D@AOCKERC?I??>UQIARE>J@?KYPDEPC?W@?`ABJ@?PIDKACM?W@?TE>KIOC_?
>IO?QAIVU{F@?WC?>UL@AWEDCGJ@?C@?`ABJ@?IO?PUVC?I>KAUKUAC?CWOEDE>\
KACKERC?I>KERIAIO?EDKIBACW@>S
#e@?=>?UDEWCWI>?WI?QMCDIVCOIDK@?I?@AGCOIDK@?WC>?IDKEWCWI>?
cjqrhinibefrebr~foncjinibeifbe} cjcbm}ocfbeke6ofbebkmfocicbep\
PCO?>UVIEKC>??@AEIDKCGJ@?D@AOCKERC?I??>UQIARE>J@?KYPDEPC?W@?`A\
BJ@?PIDKACM?I?KCOLYO_?D@?[UI?P@ULIA_?W@?AI>QIPKER@?`ABJ@?>IK@AECMS
#e"@?e6ofebkmfocihenieibiecchenie|okbcnjqcieniekg\
LMEPC?KIO?P@O@?]AIC?WI?CKUCGJ@?K@W@>?@>?`ABJ@>?EDKIBACDKI>?WC?
|okbcnjqcieniekg~hcqieokbbihinfbefrmofbenkmkodcjinfbekde
hkcbhifekbgkqpqi
=AKS?@?TIO?QAIVU{F@?WC>?P@OQIKDPEC>?P@D>KEKUPE@DCE>?I?MIBCE>?
WI?@UKA@>?@WIAI>_?C>?UDEWCWI>?AI>Q@D>]RIE>?QIM@>?>IU>?@AGCOIDK@>?
pqidebrlkcmibeefockjmifejfodimcienfe6ofeqkjmoihenfecbmkdi
=AKS?@?TIO?QAIVU{F@?WC>?P@OQIKDPEC>?P@D>KEKUPE@DCE>?I?MIBCE>?
nkefrmofbe|fnkokbeke6ofbenieandcjcbmoife|~hcqieknkoihefbe
`ABJ@>?EDKIBACDKI>?W@?TE>KIOC?WI?MCDIVCOIDK@?I?WI?XAGCOIDK@?

IWIACM?I?C>?UDEWCWI>?AI>Q@D>]RIE>?QIM@?QMCDIVCOIDK@?I?@AGCOIDK@?
W@>?WIOCE>?@WIAI>?AICMEFCAJ@?@?CP@OQCDNCOIDK@?I?C?CRCMECGJ@?
W@>?QMCD@>?I?QA@BACOC>?AI>QIPKER@>S
).
0)1)1
=AKS?@?fdgkmkeberjcninkbeokbgfjbskcbegkhibeimccninkbenke
QMCDIVCOIDK@u
?\?IMCL@ACA?I?>UQIARE>E@DCA?C?IIPUGJ@?WI?QMCD@>?I?QA@BACOC>?
DCPE@DCE>?I?>IK@AECE>?WI?WI>IDR@MREOIDK@?IP@D OEP@?I?>@PECMw
?\?P@@AWIDCA?C?IMCL@ACGJ@?W@>?QA@VIK@>?WI?MIE?W@?QMCD@?QMU\
ocijrihekefecmkdedkmibekegocfocninkbenieandcjcbmoife|~hcqie

IWIACM_?EDKIBACDKI>?W@?QA@VIK@?WI?MIE?WI?WEAIKAEFI>?@AGCOIDK]AEC>_?
LIO?P@O@?WI?>UC>?CMKIACGHI>_?P@OQCKELEMEFCDW@?C>?QA@Q@>KC>?WI?
K@W@>?@>?@WIAI>_?`ABJ@>?I?IDKEWCWI>?EDKIBACDKI>?WC?=WOEDE>KACGJ@?
|~hcqieknkoiheqfdefbef~lkmcfbefkojidkjmicbekefbeokqrobfbe
WE>Q@D{RIE>w
eeiqfdgijioebcqiekepjijqkcoidkjmkefbeghijfbekegofoi\
OC>?AIZIAEW@>?D@>?EDPE>@>??I??WI>KI?CAKEB@_?LIO?P@O@?CRCME]\M@>_?
rijmfeekpqsqciekekkmccninkeqfdecbmibeiebr~bcncioefegofqkbbfe
nkeihfqifenkeokqrobfbeg~hcqfbeiegfhmcqienkeibmfbekeieqffonk\
DCGJ@?WC>?CGHI>?W@?B@RIAD@w
v?\?C>>IBUACA?[UI?C>?UDEWCWI>?CWOEDE>KACKERC>?AI>Q@D>]RIE>?
QIMC?IIPUGJ@?W@>?QA@BACOC>_?QA@VIK@>?I?CKEREWCWI>?WC?=WOEDE>\
moife|~hcqieknkoihedijmkjideofmcjibenkeiqfdgijidkjmfeke
CRCMECGJ@?WC?>UC?QA@BACOCGJ@w
v?\?OCDKIA?>E>KIOC?WI?EDZ@AOCGHI>?AIMCPE@DCW@>?C?EDWEPCW@AI>?
IP@D OEP@>?I?>@PECE>_?C>>EO?P@O@?OIPCDE>O@>?QCAC?WI>IDR@MRIA?
QAIRE>HI>?I?EDZ@AOCGJ@?I>KACKYBEPC?>@LAI?KIDWDPEC>?I?OUWCDGC>?
D@?7OLEK@?DCPE@DCM?I?EDKIADCPE@DCMw
eecnkjmcpqioeijihcbioekeiihcioefbecjkbmcdkjmfbekbmoim}c\
qfbenfefkojfebribefjmkbenkepjijqcidkjmfekebrieiomcqrhife
P@O?@>?EDRI>KEOIDK@>?QAERCW@>_?LIO?P@O@?QAI>KCA?@?CQ@E@?BIAID\
PECM?I?ED>KEKUPE@DCM??>UC?EOQMIOIDKCGJ@w
v?\?AICMEFCA?I>KUW@>?I?QI>[UE>C>?>`PE@\IP@D OEPC>?I?CD]ME>I>?
nkegfhmcqibeg~hcqib
x

v?\?I>KCLIMIPIA?Q@M{KEPC>?I?WEAIKAEFI>?BIACE>?QCAC?C?CKUCGJ@?
WC>?IOQAI>C>?I>KCKCE>S
|iosoifejcqfefjbcnkoidbkekdgokbibekbmimicbegioiekkcmfe
W@?WE>Q@>K@?D@?Ejqcbfeeibekdgokbibeg~hcqibeibebfqckninkbenke
IP@D@OEC?OE>KC_?>UC>?>UL>EWE]AEC>?I?P@DKA@MCWC>?I?WIOCE>?IOQAI\
>C>?IO?[UI?C?DEJ@_?WEAIKC?@U?EDWEAIKCOIDKI_?WIKIDNC?C?OCE@AEC?W@?
PCQEKCM?>@PECM?P@O?WEAIEK@?C?R@K@S
)..
0)+)1
=AKS?@?fdgkmkeberjcninkbeokbgfjbskcbegkhibeimccninkbenke
@AGCOIDK@u
?\?P@@AWIDCA_?P@D>@MEWCA?I?>UQIARE>E@DCA?C?IMCL@ACGJ@?W@>?QA@\
VIK@>?WC?MIE?WI?WEAIKAEFI>?@AGCOIDK]AEC>?I?WC?MIE?@AGCOIDK]AEC?WC?
jcfeqfdgokkjnkjnfefbefoidkjmfbepbqiheniebkrocninkebfqcihe
I?WI?EDRI>KEOIDK@?WC>?IOQAI>C>?I>KCKCE>w
?\?I>KCLIMIPIA?D@AOC>?I?QA@PIWEOIDK@>?DIPI>>]AE@>??IMCL@AC\
GJ@?I??EOQMIOIDKCGJ@?W@>?@AGCOIDK@>?ZIWIACE>_?NCAO@DEFCDW@\@>?
P@O?@?QMCD@?QMUAECDUCMw
?\?AICMEFCA?I>KUW@>?I?QI>[UE>C>?P@DPIADIDKI>?C@?WI>IDR@M\
REOIDK@?I?C@?CQIAZIEG@COIDK@?W@?QA@PI>>@?@AGCOIDK]AE@?ZIWIACMw
eeiqfdgijioekeiihcioeiekkqrfefoidkjmsociekepjijqkc\
AC_?>IO?QAIVU{F@?WC?P@OQIKDPEC?CKAELU{WC?C?@UKA@>?`ABJ@>w
eekbmi~khkqkoeqhibbcpqikbefoidkjmsocibemkjnfekdecbmie
C>?DIPI>>EWCWI>?WI?>UC?NCAO@DEFCGJ@?P@O?@?QMCDIVCOIDK@?I?@?P@D\
KA@MIw
v?\?QA@Q@A?OIWEWC>?[UI?@LVIKERIO?C?P@D>@MEWCGJ@?WC>?EDZ@A\
OCGHI>?@AGCOIDK]AEC>?WC>?WERIA>C>?I>ZIAC>?WI?B@RIAD@S
/s/2+)...
0+)./-5 3)0-)305 .,./83:+)1.,3,*-.83)1-0-
832
*31s/2+).)
03)1.,32.030-
=AKS?w@?X?TE>KIOC?WI?=WOEDE>KACGJ@?
EDCDPIEAC?
IWIACM?RE>C?
ifekrch~ocfepjijqkcofenfefkojfeknkoihenkjmofenfbehcdcmkbenie
okqkcmiekenkbgkbieg~hcqib
*31s/2+)..)
03)+863,.3:+)-)03)*+5 1-/,*.3
=AKS?vS?X?TE>KIOC?WI?=WOEDE>KACGJ@?
EDCDPIEAC?
IWIACM?
qfdgokkjnkeibeimccninkbenkegofoidifepjijqkcoieniejcfe
WI?CWOEDE>KACGJ@?WI?WEAIEK@>?I?NCRIAI>_?BCACDKEC>?I?@LAEBCGHI>?WI?
AI>Q@D>CLEMEWCWI?W@?^I>@UA@?5CPE@DCM?I?WI?@AEIDKCGJ@?KYPDEP@\D@A\
dimcieokkokjmkeekkqrfefoidkjmsociekepjijqkcoi
=AKS?vvS?DKIBACO?@?TE>KIOC?WI?=WOEDE>KACGJ@?
EDCDPIEAC?
I\
WIACMu
?\?C?TIPAIKCAEC?W@?^I>@UA@?5CPE@DCM_?P@O@?`ABJ@?PIDKACMw
?\?`ABJ@>?>IK@AECE>S
#e@?be6ofbebkmfocicbebfeiberjcninkbenkegofoidifep\
DCDPIEAC?W@>? EDE>KYAE@>_?WC?=WR@PCPEC\IACM?WC?DEJ@_?WC?vEPI\
|okbcnjqciekenieibiecchenie|okbcnjqcieniekg~hcqi
#e@?be6ofbebkmfocicbepqidebrlkcmfbeefockjmifejfodimcie
I??>UQIARE>J@?KYPDEPC?W@?`ABJ@?PIDKACM?W@?TE>KIOC_?>IO?QAIVU{F@?
WC?>UL@AWEDCGJ@?C@?`ABJ@?IO?PUVC?I>KAUKUAC?CWOEDE>KACKERC?I>KERI\
AIO?EDKIBACW@>S


aomeefdgkmkeberjcninkbeokbgfjbskcbegkhibeimccninkbe
W@?TE>KIOC?WI?=WOEDE>KACGJ@?
EDCDPIEAC?
IWIACMu
eekhioegkhfekrch~ocfepjijqkcofenfe8kbfrofe7iqcfjih
eeindcjcbmoioefbeikokbepjijqkcofbekedf~chcsocfbenfe8kbfr\
A@?5CPE@DCMw
eekhi~foioeiegofoidifepjijqkcoienfe8kbfrofe7iqcfjihe
kokjqcioeiefjmiejcqienfe8kbfrofe7iqcfjihekebr~bcncioeiefodr\
hifeniegfhmcqienkepjijqcidkjmfenienkbgkbieg~hcqi
eekocoeiencnieg~hcqiedf~chcsocieknkoihekeiencniekmkojie
WI?AI>Q@D>CLEMEWCWI?W@?^I>@UA@?5CPE@DCMw
v?\?P@DKA@MCA?C?W{REWC?WIP@AAIDKI?WI?@QIACGHI>?WI?PAYWEK@?WI?
AI>Q@D>CLEMEWCWI_?WEAIKC?I?EDWEAIKC_?W@?^I>@UA@?5CPE@DCMw
v?\?CWOEDE>KACA?C>?@QIACGHI>?WI?PAYWEK@?>@L?C?AI>Q@D>CLEMEWC\
WI?W@?^I>@UA@?5CPE@DCMw
v?\?OCDKIA?P@DKA@MI?W@>?P@OQA@OE>>@>?[UI?@DIAIO_?WEAIKC?
@U?EDWEAIKCOIDKI_?C?DEJ@?VUDK@?C?IDKEWCWI>?@U?@ABCDE>O@>?EDKIA\
DCPE@DCE>w
eekncmioejfodibebf~okeiegofoidifepjijqkcoiekeiekkqr\
fefoidkjmsociekepjijqkcoie~kdeqfdfegofdfkoefeiqfdgiji\
OIDK@_?C?>E>KIOCKEFCGJ@?I?C?QCWA@DEFCGJ@?WC?IIPUGJ@?WC?WI>QI>C?
g~hcqi
?\?QA@O@RIA?C?EDKIBACGJ@?P@O?@>?WIOCE>?@WIAI>?I?I>ZIAC>?
nkefkojfekdeibbrjmfbenkeindcjcbmoifekegofoidifepjij\
PIEACS
=AKS?vyS?TUL@AWEDCO\>I?KIPDEPCOIDKI??TIPAIKCAEC?W@?^I>@UA@?
7iqcfjihefbeokgokbkjmijmkbenfe8kbfrofe7iqcfjihejfbeqfjbkhfbepb\
PCE>_?@U?`ABJ@>?I[UERCMIDKI>?WC>?IDKEWCWI>?WC?CWOEDE>KACGJ@?EDWE\
AIKC_?P@DKA@MCWC>?WEAIKC?@U?EDWEAIKCOIDKI?QIMC?DEJ@S
|iosoifejcqfebeokgokbkjmijmkbenfe8kbfrofe7iqcfjihejfbe
qfjbkhfbepbqicbenkkofebkoegokkokjqcihdkjmkebkocnfokbecjmk\
oijmkbenieqiookcoiecjijibekefjmofhkerkejfekbmklidekdekko\
P{PE@?DC>?]AIC>?WI?P@DKA@MI?EDKIAD@?D@?OEDE>KYAE@?@U?`ABJ@?I[UERC\
MIDKI?C@?[UCM?C?IDKEWCWI?I>KIVC?REDPUMCWCS
/s/2+).7
0+)./-5 3)0-)*+,/3;.2.030-)1-0-832
*31s/2+).)
03)1.,32.030-
aomeeecbmkdienkefjmi~chcninkeknkoihecbieiekcnkjqcioe
iebcmrifefoidkjmsociepjijqkcoiekegimocdfjciheniejcf
aome"eecbmkdienkefjmi~chcninkeknkoihemkdegfoepjihc\
WCWI?AIBE>KACA?@>?CK@>?I?ZCK@>?AIMCPE@DCW@>?P@O?C?CWOEDE>KACGJ@?
foidkjmsociepjijqkcoiekegimocdfjciheniejcfekekcnkjqcio
?\?C>?@QIACGHI>?AICMEFCWC>?QIM@>?`ABJ@>?@U?IDKEWCWI>?B@RIADC\
OIDKCE>?I?@>?>IU>?IZIEK@>?>@LAI?C?I>KAUKUAC?W@?QCKAEO DE@?WC?DEJ@w
?\?@>?AIPUA>@>?W@>?@AGCOIDK@>?REBIDKI>_?C>?CMKIACGHI>?WIP@A\
AIDKI>?WI?PAYWEK@>?CWEPE@DCE>_?C>?AIPIEKC>?QAIRE>KC?I?CAAIPCWCWC_?C?
WI>QI>C?IOQIDNCWC_?ME[UEWCWC?I?QCBC??P@DKC?WI>>I>?AIPUA>@>?I?C>?
AI>QIPKERC>?WE>Q@DELEMEWCWI>w
eegkoijmkeieikjnie|~hcqieiebcmrifenkemfnfberijmfbe
WI?[UCM[UIA?O@W@_?CAAIPCWIO?AIPIEKC>_?IZIKUIO?WI>QI>C>_?CWOEDE>\
mokdefrerionkde~kjbeiekhiegkomkjqkjmkbefreqfjpinfb
eeiebcmrifegimocdfjcihenfekjmkeg~hcqfekebribeiocikb
v?\?@>?PU>K@>?W@>?QA@BACOC>?I?WC>?UDEWCWI>?WC?=WOEDE>KACGJ@?
|~hcqieknkoih


v?\?C?CQMEPCGJ@?W@>?AIPUA>@>?WC?DEJ@_?Q@A?UDEWCWI?WC?
IWI\
oife~kjkpqcini
eeieokjjqcienkeokqkcmibenke6ofbekekjmcninkbeknkoicb
|iosoifejcqfeabefgkoikbenkerkeokbrhmkden}~cmfbekeqo}\
ncmfbenkejimrokiepjijqkcoiejfeqfdgokkjncnibejiekkqrfefo\
GCOIDK]AEC?>IAJ@_?KCOLYO_?@LVIK@?WI?AIBE>KA@_?EDWEREWUCMEFCGJ@?I?
P@DKA@MI?P@DK]LEMS
*31s/2+)..)
03)+863,.3:+)-)03)*+5 1-/,*.3
aomeeecbmkdienkefjmi~chcninkeknkoiheqfdgokkjnkeibe
CKEREWCWI>?WI?AIBE>KA@_?WI?KACKCOIDK@?I?WI?P@DKA@MI?WC>?@QIACGHI>?
okhimcibeeindcjcbmoifefoidkjmsociepjijqkcoiekegimocdfjcihenie
DEJ@_?P@O?RE>KC>??IMCL@ACGJ@?WI?WIO@D>KACGHI>?P@DK]LIE>S
aomeejmkoidefecbmkdienkefjmi~chcninkeknkoih
?\?C?TIPAIKCAEC?W@?^I>@UA@?5CPE@DCM_?P@O@?`ABJ@?PIDKACMw
?\?`ABJ@>?>IK@AECE>S
#e@?X>?`ABJ@>?>IK@AECE>?>J@?C>?UDEWCWI>?WI?BI>KJ@?EDKIADC?W@>?
 EDE>KYAE@>?I?WC?=WR@PCPEC\IACM?WC?DEJ@S
#e@?e6ofenkeqfjmofhkecjmkojfenieibiecchekkoqkosemid\
LYO?C>?CKEREWCWI>?WI?`ABJ@?>IK@AECM?P@DK]LEM?WI?K@W@>?@>?`ABJ@>?
cjmkoijmkbenie|okbcnjqcieniekg~hcqieniecqk|okbcnjqcienie
kg~hcqieih}denkefrmofbenkmkodcjinfbekdehkcbhifekbgkqpqi
#e@?be6ofbebkmfocicbepqidebrlkcmfbeefockjmifejfodimcie
I??>UQIARE>J@?KYPDEPC?W@?`ABJ@?PIDKACM?W@?TE>KIOC_?>IO?QAIVU{F@?
WC?>UL@AWEDCGJ@?C@?`ABJ@?IO?PUVC?I>KAUKUAC?CWOEDE>KACKERC?I>KERI\
AIO?EDKIBACW@>S
aomezefdgkmkeberjcninkbeokbgfjbskcbegkhibeimccninkbe
nfecbmkdienkefjmi~chcninkeknkoih
eedijmkoekeigocdfoioefe|hijfenkefjmibejcqfeniejcf
?\?I>KCLIMIPIA?D@AOC>?I?QA@PIWEOIDK@>?QCAC?@?CWI[UCW@?AI\
cbmofeqfjms~chenfbeimfbekenfbeimfbeniekbmfefoidkjmsociepjij\
PIEAC?I?QCKAEO@DECM?D@>?`ABJ@>?I?DC>?IDKEWCWI>?WC?=WOEDE>KACGJ@?
|~hcqieknkoih
?\?P@O?LC>I?IO?CQUACGHI>?WI?CK@>?I?ZCK@>?ED[UEDCW@>?WI?
EMIBCE>?@U?EAAIBUMCAI>_?IZIKUCA?@>?AIBE>KA@>?QIAKEDIDKI>?I?CW@KCA?C>?
QA@REWDPEC>?DIPI>>]AEC>??AI>Q@D>CLEMEFCGJ@?W@?CBIDKI_?P@OUDE\
PCDW@?@?ZCK@??CUK@AEWCWI?C?[UIO?@?AI>Q@D>]RIM?I>KIVC?>UL@AWEDCW@?
keife6ofefrerjcninkenfecbmkdienkefjmofhkejmkojf
v?\?ED>KEKUEA_?OCDKIA?I?CQAEO@ACA?>E>KIOC>?WI?EDZ@AOCGJ@?[UI?
QIAOEKCO?AICMEFCA?C?P@DKCLEMEFCGJ@?W@>?CK@>?I?ZCK@>?WI?BI>KJ@?@A\
idkjmsociepjijqkcoiekegimocdfjciheniejcfekekoioecjfodikbe
BIAIDPECE>?DIPI>>]AEC>??K@OCWC?WI?WIPE>J@?I??>UQIARE>J@?OEDE>\
KIAECMw
v?\?AICMEFCA?K@OCWC>?WI?P@DKC>?W@>?@AWIDCW@AI>?WI?WI>QI>C?I?
nkdicbeokbgfjbskcbegfoe~kjbekeihfokbeg~hcqfbekenkemfnfeirkhke
[UI?WIA?PCU>C?C?QIAWC_?IKACRE@?@U?@UKAC?EAAIBUMCAEWCWI?[UI?AI>UMKI?
WCD@?C@?IA]AE@w
v?\?IMCL@ACA?@>?CMCDG@>?IACE>?WC?DEJ@w
v?\?P@D>@MEWCA?@>?LCMCDG@>?WC?DEJ@_?W@>?>KCW@>_?W@?E>KAE\
K@?
IWIACM?I?W@>? UDEP{QE@>_?P@O?RE>KC>??IMCL@ACGJ@?W@?CMCDG@?
nfekmfoe|~hcqfe7iqcfjih
v?\?QA@O@RIA?C?EDKIBACGJ@?P@O?@>?WIOCE>?@WIAI>?I?I>ZIAC>?
WI?B@RIAD@?IO?C>>UDK@>?WI?P@DKCLEMEWCWIS


/s/2+)7
0+)./-5 3)0-)*+,/8+2-).,/-8,+)0+)1+0-8)--
*/.7+)1-0-832
*31s/2+).)
03)1.,32.030-

aomeecqiecjbmcmrnieiefdcbbfenkeffonkjifenkefj\
mofhkejmkojfe6ofeqfhkcinfenkeqffonkjifenfecbmkdienkefj\
KA@MI?DKIAD@?W@?@WIA?IPUKER@?
IWIACM_?P@O?@?@LVIKER@?WI?QA@\
O@RIA?C?EDKIBACGJ@?I?N@O@BIDIEFCA?IDKIDWEOIDK@>?W@>?AI>QIPKER@>?
`ABJ@>?I?UDEWCWI>S

aomeeecbmkdienkefjmofhkejmkojfenfe|fnkoekqrmcfe

IWIACM?RE>C??CRCMECGJ@?WC?CGJ@?B@RIADCOIDKCM?I?WC?BI>KJ@?W@>?
indcjcbmoinfokbeg~hcqfbeknkoicbegfoecjmkod}ncfeniepbqihcife
qfjms~chepjijqkcoiefoidkjmsociefgkoiqcfjihekegimocdfjcihekeie
CQ@ECA?@?P@DKA@MI?IKIAD@?D@?IIAP{PE@?WI?>UC?OE>>J@?ED>KEKUPE@DCMS

aomeefdgkmkeifbe6ofbekeberjcninkbenfecbmkdienkefj\
KA@MI?DKIAD@?W@?@WIA?IPUKER@?
IWIACMu
?\?CRCMECA?@?PUOQAEOIDK@?WC>?OIKC>?I>KCLIMIPEWC>?D@?QMCD@?
QMUAECDUCMw
eepbqihcioekeiihcioeiekkqrfenfbegofoidibenkefko\
D@_?EDPMU>ERI?CGHI>?WI>PIDKACMEFCWC>?AICMEFCWC>??P@DKC?WI?AIPUA>@>?
@AEUDW@>?W@>?XAGCOIDK@>?WC?DEJ@_?[UCDK@?C@?D{RIM?WI?IIPUGJ@?
WC>?OIKC>?I?@LVIKER@>?I>KCLIMIPEW@>?I??[UCMEWCWI?W@?BIAIDPECOID\
K@w
?\?CRCMECA?C?IIPUGJ@?W@>?@AGCOIDK@>?WC?DEJ@w
v?\?IIAPIA?@?P@DKA@MI?WC>?@QIACGHI>?WI?PAYWEK@_?CRCE>_?BCACD\
KEC>_?WEAIEK@>?I?NCRIAI>?WC?DEJ@w
eefojkqkoecjfodikbebf~okeiebcmrifebcqfpjijqkcoie
W@>?QA@VIK@>?I?WC>?CKEREWCWI>?P@D>KCDKI>?W@>?@AGCOIDK@>?WC?DEJ@w
eeokihcioeirncmfociebf~okeiekbmfenfbeokqrobfbeg~hcqfbe
knkoicbebf~eieokbgfjbi~chcninkenke6ofbekekjmcninkbeg~hcqfbeke
QAERCW@>w
?v?\?CQUACA?@>?CK@>?@U?ZCK@>?ED[UEDCW@>?WI?EMIBCE>?@U?EAAIBU\
hiokbegoimcqinfbegfoeikjmkbeg~hcqfbefregocinfbejiermchcifenke
okqrobfbeg~hcqfbeknkoicbekerijnfefoefeqibfeqfdrjcqioeerjc\
WCWI?AI>Q@D>]RIM?QIMC?P@DKCLEMEWCWI?QCAC?C>?QA@REWDPEC>?PCL{RIE>w
eeokihcioeirncmfocibejfbebcbmkdibeqfjms~chepjijqkcofe
@AGCOIDK]AE@_?WI?QI>>@CM?I?WIOCE>?>E>KIOC>?CWOEDE>KACKER@>?I?@QI\
ACPE@DCE>w
?\?CRCMECA?@?WI>IOQIDN@?WC?CUWEK@AEC?EDKIADC?WC>?IDKEWCWI>?
WC?CWOEDE>KACGJ@?EDWEAIKC?ZIWIACMw
reekhi~foioeie|okbmifenkefjmibeajrihenfe|okbcnkjmkenie
kg~hcqieiebkoekjqidcjinieifefjokbbfe7iqcfjihejfbemkodfbe
W@?iomezecjqcbferreniefjbmcmrcfeknkoihw
?\?PAECA?P@DWEGHI>?QCAC?@?IIAP{PE@?W@?P@DKA@MI?>@PECM?>@LAI?
@>?QA@BACOC>?P@DKIOQMCW@>?P@O?AIPUA>@>?@AEUDW@>?W@>?@AGCOID\
K@>?WC?DEJ@S
/s/2+)7.
03)0.1+.:-)6-83.)-)/83,./8.3

aomeeecbmkdienkefjmofhkejmkojfenfe|fnkoekqrmcfe
knkoihemkdeibebkrcjmkbepjihcninkb
?\?CRCMECA?@?PUOQAEOIDK@?WC>?OIKC>?QAIRE>KC>?D@?QMCD@?QMU\
AECDUCM_?C?IIPUGJ@?W@>?QA@BACOC>?WI?B@RIAD@?I?W@>?@AGCOIDK@>?
WC?DEJ@w
?\?P@OQA@RCA?C?MIBCMEWCWI?I?CRCMECA?@>?AI>UMKCW@>_?[UCDK@??
kpqsqciekekpqcjqcieniekbmfefoidkjmsociepjijqkcoiekegimocdf\
jcihejfbe6ofbekejibekjmcninkbenieandcjcbmoife|~hcqieknkoihe
~kdeqfdfenieighcqifenkeokqrobfbeg~hcqfbegfoekjmcninkbenkenc\
AIEK@?QAERCW@w
?\?IIAPIA?@?P@DKA@MI?WC>?@QIACGHI>?WI?PAYWEK@_?CRCE>?I?BCACD\
KEC>_?LIO?P@O@?W@>?WEAIEK@>?I?NCRIAI>?WC?DEJ@w
v?\?CQ@ECA?@?P@DKA@MI?IKIAD@?D@?IIAP{PE@?WI?>UC?OE>>J@?ED>\
KEKUPE@DCMS
*31s/2+)..)
03)+863,.3:+)-)03)*+5 1-/,*.3
aomeeecbmkdienkefjmofhkejmkojfenfe|fnkoekqrmcfe

IWIACM?P@OQAIIDWI?C>?CKEREWCWI>?WI?CRCMECGJ@?W@?PUOQAEOIDK@?
WC>?OIKC>?QAIRE>KC>?D@?QMCD@?QMUAECDUCM_?WC?IIPUGJ@?W@>?QA@BAC\
OC>?WI?B@RIAD@?I?W@>?@AGCOIDK@>?WC?DEJ@?I?WI?CRCMECGJ@?WC?BI>\
mfenfbeindcjcbmoinfokbeg~hcqfbeknkoicbermchcijnfeqfdfecjbmor\
dkjmfbeieirncmfociekeiepbqihcif
aomeejmkoidefecbmkdienkefjmofhkejmkojfenfe|fnkoe
IPUKER@?
IWIACMu
eeiekqokmiocieknkoihenkefjmofhkejmkojfeqfdfe6ofeqkj\
KACMw
?\?`ABJ@>?>IK@AECE>S
#e@?=?]AIC?WI?CKUCGJ@?W@?`ABJ@?PIDKACM?W@?TE>KIOC?CLACDBI?
K@W@>?@>?`ABJ@>?W@?@WIA?IPUKER@?
IWIACM_?IPIKUCW@>?C[UIMI>?
EDWEPCW@>?D@?QCA]BACZ@?>IBUEDKIS
#e@?X>?`ABJ@>?>IK@AECE>?>J@?C[UIMI>?WI?P@DKA@MI?EDKIAD@?[UI?
EDKIBACO?C?I>KAUKUAC?W@? EDE>KYAE@?WC>?IMCGHI>?KIAE@AI>_?W@? E\
jcbm}ocfeniekkbienieanfqiqcikoiheniejcfekenieibiecch
#e@?e6ofenkeqfjmofhkecjmkojfenieibiecchemkdeqfdfesokie
nkeimrifemfnfbefbe6ofbecjmkoijmkbenie|okbcnjqcieniekg~hc\
qiekeniecqk|okbcnjqcieniekg~hcqieih}denkefrmofbenkmkodcji\
nfbekdehkcbhifekbgkqpqi
#e@?X>?`ABJ@>?PIDKACM?I?>IK@AECE>?Q@WIO?>ULWEREWEA\>I?IO?
UDEWCWI>?>IK@AECE>?I?AIBE@DCE>_?P@O@?>IBOIDK@>?ZUDPE@DCE>?I?I>QC\
PECE>_?AI>QIPKERCOIDKIS
#e"@?be6ofbebkmfocicbepqidebrlkcmfbeefockjmifejfodimcie
I??>UQIARE>J@?KYPDEPC?W@?`ABJ@?PIDKACM?W@?TE>KIOC_?>IO?QAIVU{F@?
WC?>UL@AWEDCGJ@?C@?`ABJ@?IO?PUVC?I>KAUKUAC?CWOEDE>KACKERC?I>KERI\
AIO?EDKIBACW@>S


=AKS?xS?XL>IARCWC>?C>?WE>Q@>EGHI>?P@DKEWC>?D@?CAKS?vv?WC?IE?
D@?Svvx_?WI?vv?WI?WIFIOLA@?WI?vww_?Y?RIWCW@?C@>?WEAEBIDKI>?W@>?`ABJ@>?I?WC>?
UDEWCWI>?W@>?TE>KIOC>?AIZIAEW@>?D@?CAKS?v@?IIAPIAIOu
?\?CKEREWCWI?WI?WEAIGJ@?Q@M{KEP@\QCAKEW]AECw
eegofpbbfehc~koih
?\?WIOCE>?CKEREWCWI>?EDP@OQCK{RIE>?P@O?@>?EDKIAI>>I>?WC?=W\
dcjcbmoife|~hcqieknkoihejiefodierkencbgrbkoefeokrhidkjmf
=AKS?xS?5IDNUO?QA@PI>>@_?W@PUOIDK@?@U?EDZ@AOCGJ@?Q@WIA]?
bkoebfjkinfeifbebkocnfokbenfbecbmkdibenkefjmi~chcninkeknk\
oihekenkefjmofhkejmkojfenfe|fnkoekqrmcfeknkoihejfekkoqqcfe
WC>?CKAELUEGHI>?EDIAIDKI>?>?CKEREWCWI>?WI?AIBE>KA@>?P@DK]LIE>_?WI?
irncmfociepbqihcifekeiihcifenkekbmf
#e@?eikjmkeg~hcqferkegfoeifefrefdcbbfeqirbioekd\
LCACG@_?P@D>KACDBEOIDK@?@U?@L>K]PUM@??CKUCGJ@?W@>?TE>KIOC>?WI?
fjmi~chcninkeknkoihekenkefjmofhkejmkojfejfenkbkdgkjfenke
briberjkbecjbmcmrqcfjicbepqiosebrlkcmfeegkjienkeokbgfjbi~chcni\
WI?CWOEDE>KACKERC_?PEREM?I?QIDCMS


#e@?tUCDW@?C?W@PUOIDKCGJ@?@U?EDZ@AOCGJ@?QAIRE>KC?DI>KI?CA\
KEB@?IDR@MRIA?C>>UDK@>?WI?PCA]KIA?>EBEM@>@_?WIRIA]?>IA?WE>QID>CW@?
KACKCOIDK@?I>QIPECM?WI?CP@AW@?P@O?@?I>KCLIMIPEW@?IO?AIBUMCOIDK@?
QA`QAE@S
#e@?X?>IAREW@A?WIRIA]?BUCAWCA?>EBEM@?>@LAI?WCW@>?I?EDZ@AOC\
GHI>?QIAKEDIDKI>?C@>?C>>UDK@>?C?[UI?KERIA?CPI>>@?IO?WIP@AADPEC?W@?
IIAP{PE@?WI?>UC>?ZUDGHI>_?UKEMEFCDW@\@>_?IPMU>ERCOIDKI_?QCAC?C?
IMCL@ACGJ@?WI?QCAIPIAI>?I?AIMCK`AE@>?WI>KEDCW@>??CUK@AEWCWI?P@O\
QIKIDKI_?>@L?QIDC?WI?AI>Q@D>CLEMEWCWI?CWOEDE>KACKERC_?PEREM?I?QIDCMS
#e@?becjmkoijmkbenieqiookcoienkecjijibekefjmofhkef~bko\
iofeq6ncfenke}mcqiegofpbbcfjihekbgkqpqfeigofinfegkhfe|okbc\
nkjmkeniekg~hcqi
=AKS?xS?X?@WIA?IPUKER@?I>KCLIMIPIA]_?IO?AIBUMCOIDK@_?C?
Z@AOC?QIMC?[UCM?[UCM[UIA?PEWCWJ@?Q@WIA]?>IA?EDZ@AOCW@?>@LAI?@>?
ninfbefpqcicbenfefkojfeknkoiheokhimcfbeekkqrfenfbefoi\
OIDK@>?WC?DEJ@S
=AKS?xS?=@>?WEAEBIDKI>?W@>?`ABJ@>?I?WC>?UDEWCWI>?W@?TE>KIOC?
nkefjmofhkejmkojfenfe|fnkoekqrmcfeknkoihekenfbe6ofbenfe
cbmkdienkefjmi~chcninkeknkoihejfekkoqqcfenkebribeimoc~rc\
GHI>_?Y?ZCPUMKCW@?EOQUBDCA_?OIWECDKI?AIQAI>IDKCGJ@?C@?AI>Q@D>]\
RIM_?[UCE>[UIA?CK@>?WI?BI>KJ@?AICMEFCW@>?>IO?C?WIREWC?ZUDWCOID\
KCGJ@?MIBCMS
=AKS?xwS??RIWCWC?C?D@OICGJ@?QCAC?@?IIAP{PE@?WI?PCAB@_?EDPMU\
>ERI?IO?P@OE>>J@_?D@?7OLEK@?W@>?TE>KIOC>?WI?[UI?KACKC?I>KC?IE_?WI?
gkbbfiberkemkjidebcnfejfbehmcdfbeqcjqfeijfb
?\?AI>Q@D>]RIE>?Q@A?CK@>?VUMBCW@>?EAAIBUMCAI>?Q@A?WIPE>J@?WI\
pjcmcienfe8oc~rjihenkefjmibeniejcfenfemoc~rjihenkeqfjmibenke
>KCW@_?W@?E>KAEK@?
IWIACM?@U?WI? UDEP{QE@_?@U?CEDWC_?Q@A?P@D>I\
MN@?WI?P@DKC>?WI? UDEP{QE@w
?\?QUDEWC>_?IO?WIPE>J@?WC?[UCM?DJ@?PCELC?AIPUA>@?CWOEDE>KAC\
mcfekdegofqkbbfencbqcghcjioegfoeimfehkbcfeifegimocdjcfeg~hcqfe
WI?[UCM[UIA?I>ZIAC?WI?B@RIAD@w
?\?P@DWIDCWC>?IO?QA@PI>>@?PAEOEDCM?Q@A?QA]KEPC?WI?PAEOI>?
qfjmoieieandcjcbmoife|~hcqieqigcmrhinfbejfbe8mrhfbeekerenie
|iomkebgkqcihenfe6ncfe|kjiheoibchkcofejieIE?D@?Szwx_?WI?v?WI?VUDN@?
WI?vw_
?I?DC?IE?D@Szxw_?WI?x?WI?VUDN@?WI?vwwxS
#e@?=>?RIWCGHI>?I>KCLIMIPEWC>?DI>KI?CAKEB@?CQMEPCO\>I_?KCO\
LYO_?>?D@OICGHI>?QCAC?PCAB@>?IO?P@OE>>J@?[UI?EOQME[UIO?BI>\
mfenkenfmikbefoidkjmsocibenkeokqrobfbepjijqkcofbefrenkegimoc\
O DE@_?DC?=WOEDE>KACGJ@?WEAIKC?I?EDWEAIKC?W@>?@WIAI>?WC?DEJ@_?
LIO?P@O@?QCAC?C>?D@OICGHI>?P@O@?OIOLA@>?WI?P@OE>>HI>?WI?
MEPEKCGHI>S
#e@?TIAJ@?I@DIACW@>?@>?>IAREW@AI>?@PUQCDKI>?WI?PCAB@>?IO?
P@OE>>J@?[UI?Z@AIO?CMPCDGCW@>?QIMC>?NEQ`KI>I>?QAIRE>KC>?D@>?EDPE\
>@>?_??I??WI>KI?CAKEB@S
=AKS?yS?X>?>IAREW@AI>?WC>?PCAAIEAC>?WI?MCDIVCOIDK@?I?XAGC\
dkjmfekecjijibekefjmofhkefbefqrgijmkbenfbeqiofbekkmcfbenke
^YPDEP@?WI?MCDIVCOIDK@?\vv?W@?AUQ@?^\v_?WI?^YPDEP@?
WI?MCDIVCOIDK@?I?I>[UE>C?W@?D>KEKUK@?WI?I>[UE>C?P@D OEPC?
=QMEPCWC?\?=_?D{RIM?EDKIAOIWE]AE@?W@?=?I?WIOCE>?PCAB@>?
WI?D{RIM?>UQIAE@A?W@?=_?Q@WIAJ@?>IA?PIWEW@>?QCAC?KIA?IIAP{PE@?
D@>?`ABJ@>?I?DC>?UDEWCWI>?W@>?TE>KIOC>?AIZIAEW@>?DI>KC?IE_?EDWI\
QIDWIDKIOIDKI?WC?@PUQCGJ@?WI?PCAB@?IO?P@OE>>J@?@U?ZUDGJ@?WI?
qfjpiji


=AKS?yvS?X>?EDPE>@>?_?_?v_?v?I?v?W@?CAKS?v@?I?@?EDPE>@??W@?CAKS?
y?WC?IE?D@?wSx_?WI??WI?CLAEM?WI?vww_?QC>>CO?C?REB@ACA?P@O?C?
>IBUEDKI?AIWCGJ@u
=AKS?v@?SSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSS
?\enieqiookcoienkecjijibekefjmofhkerijnfekdekkoqqcfe
D@? EDE>KYAE@?WC?
CFIDWC?@U?D@>?`ABJ@>?I?DC>?UDEWCWI>?EDKIBACDKI>?
nfbecbmkdibenkeandcjcbmoifecjijqkcoieknkoihenkefjmi~chc\
ninkeknkoihenkefjmofhkejmkojfenfe|fnkoekqrmcfeknkoihekenke
MCDIVCOIDK@?I?XAGCOIDK@?
IWIACMw
?\enieiookcoienke|hijklidkjmfekeoidkjmfekenfeqiofenke
^YPDEP@?WI?MCDIVCOIDK@?\vv?W@?AUQ@?^\v_?[UCDW@?IO?
IIAP{PE@?D@? EDE>KYAE@?W@?MCDIVCOIDK@_?XAGCOIDK@?I?I>KJ@?@U?
D@>?`ABJ@>?I?DC>?UDEWCWI>?W@>?TE>KIOC>?WI?MCDIVCOIDK@?I?XA\
idkjmfenkeandcjcbmoifecjijqkcoieknkoihenkefjmi~chcninke
knkoihekenkefjmofhkejmkojfenfe|fnkoekqrmcfeknkoih
v?\?WI?^YPDEP@?WI?MCDIVCOIDK@?I?I>[UE>C?W@?D>KEKUK@?WI?
I>[UE>C?P@D OEPC?=QMEPCWC?\?=_?[UCDW@?IO?IIAP{PE@?D@?
 EDE>KYAE@?WC?
CFIDWC_?D@? EDE>KYAE@?W@?MCDIVCOIDK@_?XAGCOIDK@?
I?I>KJ@_?D@?=?@U?D@>?`ABJ@>?I?DC>?UDEWCWI>?W@>?TE>KIOC>?WI?
MCDIVCOIDK@?I?XAGCOIDK@_?WI?=WOEDE>KACGJ@?
EDCDPIEAC?
IWIACM_?
nkefjmi~chcninkeknkoihefrenkefjmofhkejmkojfenfe|fnkoekqr\
KER@?
IWIACMw
v?\?WI?D{RIM?>UQIAE@A?W@?=_?DJ@?AIZIAEW@>?D@?EDPE>@?CDKI\
AE@A_?[UCDW@?IO?IIAP{PE@?D@? EDE>KYAE@?WC?
CFIDWC_?D@? EDE>KYAE@?
W@?MCDIVCOIDK@_?XAGCOIDK@?I?I>KJ@_?D@?=?@U?D@>?`ABJ@>?I?
DC>?UDEWCWI>?W@>?TE>KIOC>?WI?MCDIVCOIDK@?I?XAGCOIDK@_?WI?=W\
dcjcbmoifecjijqkcoieknkoihenkefjmi~chcninkeknkoihefrenke
fjmofhkejmkojfenfe|fnkoekqrmcfeknkoihejfenkbkdgkjfenke
imccninkbenkekhi~foifenkeghijfbekefoidkjmfbeg~hcqfb
v?\?WI?D{RIM?EDKIAOIWE]AE@?W@?=_?[UCDW@?DIMI?IO?IIA\
P{PE@?@U?D@? EDE>KYAE@?W@?MCDIVCOIDK@_?XAGCOIDK@?I?I>KJ@_?D@?
WI>IOQIDN@?WI?CKEREWCWI>?WI?CQ@E@?WEAIK@??IMCL@ACGJ@?WI?QMCD@>?I?
foidkjmfbeg~hcqfbekderijmcmimcfepinfejfeimfeierkebkeokkoke
fe#e@?W@?CAKS?x@?WI>KC?IES
e7
=AKS?yS?SSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSS
?\enieqiookcoienkecjijibekefjmofhkejfbe6ofbeqkjmoicbenfbe
cbmkdibenkeandcjcbmoifecjijqkcoieknkoihenkefjmi~chcninke
knkoihekenkefjmofhkejmkojfenfe|fnkoekqrmcfeknkoih
e7
=AKS?yxS?X>?PCAB@>?IO?P@OE>>J@_?D@?7OLEK@?WC?TIPAIKCAEC?
I\
nkoihenkefjmofhkejmkojfeniefookknfociekoiheniejcfeibbcde
P@O@?@>?PCAB@>?WI?=>>I>>@A?>QIPECM?WI? EDE>KA@?WI?>KCW@?EDPUO\
~cnfenkerjkbenkefjmofhkejmkojfebkofegofcnfbegokkokjqcih\
OIDKI_?Q@A?@PUQCDKI>?W@>?PCAB@>?IZIKER@>?WC?PCAAIEAC?WI?
EDCDGC>?
kefjmofhkknifeniniegkhfekqokmfejeenke
#e$?5C?NEQ`KI>I?WI?QA@REOIDK@?W@>?PCAB@>?WI?[UI?KACKC?I>KI?
iomcfegfoejfecjmkoijmkbenieqiookcoienkecjijibekefjmofhkebkose
IEBEWC?C?P@OQA@RCGJ@?WI?IQIAEDPEC?WI_?D@?O{DEO@_?PEDP@?CD@>?
kdeimccninkbenkeirncmfocienkepjijibeg~hcqibefrenkeqfjmi~chcni\
nkeg~hcqieknifeniniegkhfekqokmfejeenke
#e@?=?EDWEPCGJ@?QCAC?@?PCAB@?WI?=>>I>>@A?>QIPECM?WI? EDE>KA@?
nkebminfecjqrd~cnfenkerjkbenkefjmofhkejmkojfebkosebr~dkmc\
WC?QAIRECOIDKI??CQAIPECGJ@?W@?`ABJ@?PIDKACM?W@?TE>KIOCS
=AKS?yyS?
EPC?@? EDE>KYAE@?WC?
CFIDWC?CUK@AEFCW@?C?AI[UE>EKCA_?
im}eenkenkkd~ofenkeebkocnfokbeg~hcqfbenkebribekjmcninkbe
cjqrhinibecjqhrbckekdgokbibeg~hcqibekebfqckninkbenkekqfjfdcie
OE>KC_?QCAC?KIAIO?IIAP{PE@?DC?TIPAIKCAEC?W@?^I>@UA@?5CPE@DCM?I?
jfbebkrbe6ofbebkmfocicbekejiekqokmiocieknkoihenkefjmofhkej\
KIAD@_?EDWIQIDWIDKIOIDKI?WC?@PUQCGJ@?WI?PCAB@?IO?P@OE>>J@?@U?
rjfenkeqfjpiji


|iosoifejcqfebebkocnfokbeg~hcqfbekdekkoqqcfekdee
WI?WIFIOLA@?WI?vww_?DC?TIPAIKCAEC?W@?CKAEO DE@?WC?DEJ@?W@?
 EDE>KYAE@?WC?
CFIDWC_?KACD>ZIAEWC?QCAC?@?7OLEK@?W@? EDE>KYAE@?W@?
MCDIVCOIDK@_?XAGCOIDK@?I?I>KJ@_?Q@WIAJ@?QIAOCDIPIA?IO?IIA\
P{PE@?DC[UIMC?TIPAIKCAEC_?P@O?@>?OI>O@>?WEAIEK@>?I?RCDKCBID>?CKY?
IDKJ@?CUZIAEW@>S
=AKS?yzS?
EPC?CPAI>PEW@?C@?CAKS?v?WC?IE?D@?Sz_?WI?v?WI?>IKIOLA@?WI?vwwx_?
giosoifejcqfeqfdeiebkrcjmkeoknif
|iosoifejcqfe7iberjcninkbebkmfocicbenfecbmkdienkefj\
KA@MI?DKIAD@?W@?@WIA?IPUKER@?
IWIACM_?Q@WIA]_?IPIQPE@DCM\
OIDKI_?>IA?WI>EBDCW@?QCAC?@?IIAP{PE@?WI?
?>IAREW@A?IZIKER@?W@>?
rinofbenke6ofbekderkeierjcninkemckoeimrife7
=AKS?yS?X>?`ABJ@>?I?C>?IDKEWCWI>?WC?=WOEDE>KACGJ@?WEAIKC?I?ED\
WEAIKC?WC?DEJ@_?C@?PIMILACAIO?P@OQA@OE>>@>?IO?[UI?NCVC?C?QAIRE\
bfenkemoijbkojqcibenkeokqrobfbepjijqkcofbenkebkrbefoidkjmfbe
QCAC?>KCW@>_?E>KAEK@?
IWIACM?I? UDEP{QE@>_?I>KCLIMIPIAJ@?D@>?ED>\
KAUOIDK@>?QCPKUCE>?C?@LAEBCGJ@?W@>?IDKI>?AIPILIW@AI>?WI?ZCFIAIO?
EDPMUEA?KCE>?AIPUA>@>?D@>?>IU>?AI>QIPKER@>?@AGCOIDK@>S
#e@?afepiokdefbeihfokbeiebkokdemoijbkocnfbeqfjfodkefe
WE>Q@>K@?DI>KI?CAKEB@_?@>?IDKI>?DIMI?AIZIAEW@>?ZCAJ@?CD]ME>I?WI?PU>\
K@>_?WI?OCDIEAC?[UI?@?O@DKCDKI?WI?AIPUA>@>?IDR@MREW@>?DC?@QIACGJ@?
>IVC?P@OQCK{RIM?P@O?@?>IU?@LVIK@_?DJ@?QIAOEKEDW@?C?KACD>ZIADPEC?
nkeihfokbecjbrpqckjmkbegioieiebrieqfjqhrbfejkdefekqkbbferke
QIAOEKC?UOC?IIPUGJ@?Q@A?QAIG@>?CPEOC?W@>?REBIDKI>?D@?OIAPCW@S
#e@?be6ofbekeiberjcninkbenfecbmkdienkefjmofhkejmkojfe
W@?@WIA?IPUKER@?
IWIACM?FIMCAJ@?QIM@?PUOQAEOIDK@?W@?WE>Q@>K@?
jkbmkeiomcfekejfbebkrbemoi~ihfbenkepbqihcifekocpqiofebkefe
@LVIK@?QCPKUCW@?Z@E?IIPUKCW@?@LIWIPIDW@?C@>?AI>QIPKER@>?QA@VIK@?
I?QMCD@?WI?KACLCMN@_?P@DZ@AOI?P@DRIDPE@DCW@_?I?>I?C?>UC?UKEMEFCGJ@?
@LIWIPI??WI>KEDCGJ@?QAIRE>KC?D@?KIAO@?QCPKUCMS
#e@?be6ofbekeiberjcninkbenfecbmkdienkefjmofhkejmko\
D@?W@?@WIA?IPUKER@?
IWIACM_?C@?WI>IOQIDNCA?@?>IU?KACLCMN@_?
P@D>KCKCDW@?EDW{PE@>?WI?EAAIBUMCAEWCWI>_?P@OUDEPCAJ@?C@? EDE>KA@?
>UQIARE>@A?WC?UDEWCWI?BI>K@AC?@U?IDKEWCWI?I?C@>?AI>QIPKER@>?`ABJ@>?
WI?P@DKA@MI?EDKIAD@?I?IKIAD@?W@>?IDKI>?AIPILIW@AI>?QCAC?[UI?>IVCO?
K@OCWC>?C>?QA@REWDPEC>?WI?>UC>?P@OQIKDPEC>S
#e@?tUCDW@?@P@AAIA?QAIVU{F@??DEJ@_?@>?`ABJ@>?I?C>?UDEWCWI>?
nfecbmkdienkefjmofhkejmkojfenfe|fnkoekqrmcfeknkoiheinf\
KCAJ@?C>?QA@REWDPEC>?WI?>UC?P@OQIKDPEC_?QAIRE>KC>?DC?MIBE>MCGJ@?
QIAKEDIDKI_?P@O?RE>KC>?C@?AI>>CAPEOIDK@?C@?IA]AE@S
=AKSyS?X>?`ABJ@>?I?C>?IDKEWCWI>?WI?@UKAC>?I>ZIAC>?WI?B@RIA\
jferkeokqk~kokdeokqrobfbepjijqkcofbenfefkojfeknkoihegioie
IIPUGJ@?WI?@LAC>_?QCAC?C?QAI>KCGJ@?WI?>IAREG@>?@U?C?AICMEFCGJ@?WI?
[UCE>[UIA?QA@VIK@>_?U>CAJ@?W@>?OIE@>?CWI[UCW@>?QCAC?EDZ@AOCA??
>@PEIWCWI?I?C@>?U>U]AE@>?IO?BIACM?C?@AEBIO?W@>?AIPUA>@>?UKEMEFCW@>S
=AKSyS?=?W@PUOIDKCGJ@?P@OQA@LCK`AEC?WC?IIPUGJ@?@AGC\
dkjmsociepjijqkcoiekegimocdfjciheniberjcninkbenieandcjcbmoife

IWIACM?WEAIKC?QIAOCDIPIA]?DC?AI>QIPKERC?UDEWCWI_??WE>Q@>EGJ@?
W@>?`ABJ@>?I?WC>?UDEWCWI>?WI?P@DKA@MI?EDKIAD@?I?IKIAD@_?DC>?P@D\
WEGHI>?I?D@>?QACF@>?I>KCLIMIPEW@>?QIM@?`ABJ@?PIDKACM?W@?TE>KIOC?WI?
fjmi~chcninkeknkoih
=AKS?yS?X?@WIA?IPUKER@?WE>Q@A]_?IO?AIBUMCOIDK@?I?D@?QAC\
F@?WI?>I>>IDKC?WEC>_?>@LAI?C?P@OQIKDPEC_?C?I>KAUKUAC?I?@?ZUDPE@\
DCOIDK@?W@>?`ABJ@>?P@OQ@DIDKI>?W@>?TE>KIOC>?WI?[UI?KACKC?I>KC?
IE_?LIO?P@O@?>@LAI?C>?CKAELUEGHI>?WI?>IU>?KEKUMCAI>?I?WIOCE>?WE\
AEBIDKI>S


=AKS?ywS?
EPCO?P@DRCMEWCW@>?@>?CK@>?QACKEPCW@>?P@O?LC>I?
DC? IWEWC?A@RE>`AEC?D@?xSvvx\_?WI?x?WI?WIFIOLA@?WI?xS
=AKS?zS?>KC?IE?IDKAC?IO?REB@A?DC?WCKC?WI?>UC?QULMEPCGJ@S
x

=AKS?zvS?IR@BCO\>I?@?IPAIK@\IE?D@?xSy_?WI?x?WI?VUDN@?WI?vwy_?I?@?#e

@?W@?CAKS?vw?WC?IE?D@?Szw_?WI?vw?WI?D@RIOLA@?WI?vwwxS

fjokbbfe7iqcfjihekdeenkekkokcofenkeez@?WC?DWI\
QIDWDPEC?I?vvy@?niekg~hcqi
kjinfoea787eae} aa
AI>EWIDKI
>KI?KIK@?DJ@?>UL>KEKUE?@?QULMEPCW@?D@?SXSS?WI?SxSxv

N('()123,+)128.3,32))113()
N(()2-.)0-)0.8-/8.-)+8:35 -,/8.3)
)20+()(N()2-.)+8:35 -,/8.3)
3,32))2+3(
f67
32f67
e1323
66773
X?MCD@?MUAECDUCM?Y?@?ED>KAUOIDK@?WC?CGJ@?B@RIADCOIDKCM?
[UI?I>KCLIMIPI_?WI?Z@AOC?AIBE@DCMEFCWC_?C>?WEAIKAEFI>_?@>?@LVIKER@>?I?
ibedkmibenieindcjcbmoifeg~hcqiekeibenkbgkbibenkeqigcmihekefrmoibe
WIMC>?WIP@AAIDKI>?I?AIMCKERC>?C@>?QA@BACOC>?WI?WUACGJ@?P@DKEDUCWCS
0)*0
ebefoidkjmfbepbqicbekenkecjkbmcdkjmfbenibekdgokbibe
WIRIO?>IA?P@OQCKELEMEFCW@>?P@O?@?=w
eecjqcfenkerihrkoecjkbmcdkjmfeqrliekkqrferhmoigibbke
rdekkoqqcfepjijqkcofenkgkjnkosenkebriego}ciecjqhrbfejfe||ae
>@L?QIDC?WI?PAEOI?WI?AI>Q@D>CLEMEWCWIw
ebeghijfbekegofoidibejiqcfjicbeokcfjicbekebkmfocicbe
>IAJ@?IMCL@ACW@>?IO?P@D>@D7DPEC?P@O?@?=?I?CQA@RCW@>?QIM@?
fjokbbfe7iqcfjihefreabbkd~hkciekcbhimci
X?QACF@?QCAC?IDRE@?W@?QA@VIK@?WI?IE?W@?=?C@?@WIA?
IBE>MCKER@?Y?@?WEC?yv?WI?CB@>K@?W@?QAEOIEA@?IIAP{PE@?W@?OCDWCK@?
nfekkenfe|fnkoekqrmcf
=QA@RCW@_?@?=?REB@AC?W@?>IBUDW@?IIAP{PE@?W@?OCDWCK@?
B@RIADCOIDKCM?CKY?@?QAEOIEA@?IIAP{PE@?W@?OCDWCK@?>UL>I[UIDKIS
X?IPAIK@?
IWIACM?D$?xSxww?I>KCLIMIPI?D@AOC>?QCAC?C?
IMCL@ACGJ@?I?IIPUGJ@?W@?=?I?W@>?XAGCOIDK@>?WC?DEJ@_?C?QCAKEA?
W@?IIAP{PE@?WI?x_?KIDW@?P@O@?QAI>>UQ@>K@?L]>EP@?C?QA@WUGJ@?
nkedrnijibejieandcjcbmoife|~hcqiegkhfeghijklidkjmfe
P@O?Z@P@?IO?C>QIPK@>?KCE>?P@O@u?RE>J@?I>KACKYBEPC_?QA@BACOC>_?
BIAIDPECOIDK@_?EDZ@AOCGJ@_?CRCMECGJ@?I?EDKIBACGJ@S
36
lp6l6apklkplm6fkn likpnm66
af
36
af`6lpn lil6oZ npppnn6oZ 6Z6773`6llk6
oZilk
eabedkmibekegocfocninkbenieandcjcbmoife|~hcqiecjqhrcjnfe
C>?WI>QI>C>?WI?PCQEKCM_?QCAC?@?IIAP{PE@?>IBUEDKIw


eockjmikbegioieiekhi~foifeniekceoidkjmsocieajrih
ecbgfbckbebf~okeihmkoikbejiekcbhife8oc~rmsoci
eaegfhmcqienkeighcqifenibeijqcibepjijqkcoibefpqcicbenke
Z@OIDK@w
earmfocifekbgkqpqiegioieieqfjqkbbfenkerihrkoe
RCDKCBIO?@U?CUOIDK@?WI?AIOUDIACGJ@_?PAECGJ@?WI?PCAB@>?@U?
CMKIACGJ@?WI?I>KAUKUAC?WI?PCAAIEAC>_LIO?P@O@?CWOE>>J@?WI?QI>>@CM_?
C?[UCM[UIA?K{KUM@_?QIM@>?`ABJ@>?I?IDKEWCWI>?WC?CWOEDE>KACGJ@?WEAIKC?
@U?EDWEAIKC_?EDPMU>ERI?ZUDWCGHI>?ED>KEKU{WC>?I?OCDKEWC>?QIM@?@WIA?
|~hcqfeokbbihinibeibekdgokbibeg~hcqibekeibebfqckninkbenke
IP@D@OEC?OE>KCw

5@?QACF@?WI?KAEDKC?WEC>?CQ`>?@?IDPIAACOIDK@?WI?PCWC?LEOI>KAI_?
@?@WIA?IPUKER@?QULMEPCA]?AIMCK`AE@?AI>UOEW@?WC?IIPUGJ@?
@AGCOIDK]AECS

+)))K)))))
)))

^ACKC\>I?W@?O@OIDK@?IO?[UI?PCWC?UO?W@>?WERIA>@>?`ABJ@>?
kekjmcninkberkeqfdgkdeieandcjcbmoife|~hcqieiefe
MIRCDKCOIDK@?WC>?>UC>?DIPI>>EWCWI>?WI?I?PUA>@>?QCAC?@?IIAP{PE@?
>IBUEDKI_?MIRCDW@?IO?P@D>EWIACGJ@?@>?QA@BACOC>?W@?@RIAD@?I?@>?
@LVIKER@>?WI?WI>IDR@MREOIDK@?IP@D OEP@?I?>@PECM?W@?QC{>S
X?`ABJ@?PIDKACM?WI?QMCDIVCOIDK@?AIPILI?K@WC>?I>KC>?WIOCDWC>?
keibeqfjbfhcniejrdejcqfenfqrdkjmfeqfdgimc~chcijnffeqfdeie
I>KEOCKERC?WC>?AIPIEKC>?I>QIACWC>?QCAC?@?QA`EO@?CD@S?
O?>IBUEWC_?AIWE>KAELUE?C?QAIRE>J@?WI?BC>K@>?WI?CP@AW@?P@O?@>?
giodkmofbediqofkqfjdcqfbekbmi~khkqkjnfeiberfmibepjicbenke
AIPUA>@>?QCAC?PCWC?`ABJ@S

EDCMOIDKI_?Y?QA@WUFEW@?@?KIK@?W@?QA@VIK@?WC?IE?XAGCOIDK]AEC?
=DUCM_?VUDKCOIDKI?P@O?@>?WERIA>@>?CDI@>?[UI?EAJ@?WIKCMNCA?K@WC>?
ibeokqkcmibekenkbgkbibenkeiqfonfeqfdeqhibbcpqifefoidkjmsocie
QA`QAECS?
X?QA@VIK@?WC?X=?Y?IDKJ@?AIOIKEW@?C@?@WIA?IBE>MCKER@_?VUDK@?
P@O?OID>CBIO?W@?PNIZI?W@?@WIA?IPUKER@_?QCAC?CQA@RCGJ@S

5C?DEJ@_?@?QACF@?QCAC?IDRE@?W@?QA@VIK@?WI?IE?WC?X?
QIM@?IPUKER@?C@?IBE>MCKER@?Y?CKY?@?WEC?v?WI?CLAEM?W@?IIAP{PE@?
CDKIAE@A?C@?WC?IE?XAGCOIDK]AEC?=DUCMS?
=?>I>>J@?MIBE>MCKERC?@AWED]AEC?DJ@?>IA]?EDKIAA@OQEWC?CKY?[UI?@?
QA@VIK@?WI?IE?WC?X?>IVC?CQA@RCW@S?
ihkehkd~oioerkeqfjfodkeiedkjniefjbmcmrqcfjiheje
_?WIvzxx_?C?>I>>J@?MIBE>MCKERC?RCE?W@?QIA{@W@?WI?x?WI?
ZIRIAIEA@?C?v?WI?VUMN@_?I?WI?v$S?WI?CB@>K@?C?xx?WI?WIFIOLA@S
36
Y16fe43d Y2e136323
66
f3
=?P@OQ@>EGJ@?WC?IE?XAGCOIDK]AEC?=DUCM?I>K]?QAIRE>KC?DC?
zzeiome"e#e"u
eoidkjmfepbqihecjqhrcjnfemfnibeibeokqkcmibekenkbgkbibe
AIZIAIDKI>?C@>?@WIAI>?W@?>KCW@_?>IU>?ZUDW@>_?`ABJ@>?WC?
CWOEDE>KACGJ@?WEAIKC_?CUKCA[UEC>_?ZUDWCGHI>?ED>KEKU{WC>?I?OCDKEWC>?
gkhfe|fnkoe|~hcqf
eoidkjmfenkecjkbmcdkjmfenibekdgokbibekderkefebminfe
WEAIKC?@U?EDWEAIKCOIDKI_?WIKIDNC?C?OCE@AEC?W@?PCQEKCM?P@O?WEAIEK@?
C?R@K@w
eoidkjmfeniebkrocninkebfqcihei~oijkjnfemfnfbefbe6ofbe
I?IDKEWCWI>?WC?CWOEDE>KACGJ@?WEAIKC?@U?CUK]A[UEPC_?LIO?P@O@?@>?
rjnfbekerjnikbecjbmcmrnibegkhfe|fnkoe|~hcqfecjqrhinfbee
binkegokcnjqciekeibbcbmjqciebfqcih
fjbmcmrcedim}ociekqhrbcieniehkcefoidkjmsocieiegokcbfenie
okqkcmiekeiepifenienkbgkbiegfnkjnfeqfjmkoeicjniebkrjnfeie
D@AOC?P@D>KEKUPE@DCMu
earmfocifegioiei~komroienkeqo}ncmfbebrghkdkjmiokb
earmfocifegioieqfjmoimifenkefgkoikbenkeqo}ncmfe
cjqhrbckegfoeijmkqcgifenkeokqkcmiefoidkjmsocieaejiefodie
WC?MIES
be foidkjmfbe pbqicbe ke nke cjkbmcdkjmfbe bkofe
P@OQCKELEMEFCW@>?P@O?@?=w?KIAJ@?C?ZUDGJ@?WI?AIWUFEA?C>?
WI>EBUCMWCWI>?EDKIA\AIBE@DCE>_?>IBUDW@?PAEKYAE@>?WI?Q@QUMCGJ@?I?
AIDWC?QIA?PCQEKCS
=>?IOIDWC>?C@?QA@VIK@?WI?X=?@U?C@>?QA@VIK@>?[UI?@?
dfncprkdemkoferkebkoeqfdgimkcbeqfdefe||aekeqfdeiee
QCAC?>IAIO?CQA@RCWC>S?
X?QACF@?QCAC?IDRE@?W@?QA@VIK@?WC?X=?C@?@WIA?IBE>MCKER@?Y?
CKY?yv?WI?CB@>K@S


poZ6Z6fkn liZ63in
OC?RIF?[UI?C?PCWC?IIAP{PE@?>IA]?QAIPE>@?UOC?D@RC?IE?
oidkjmsocieajrihekocpqibkerkefegofqkbbfefoidkjmsocfebkense
DC?Z@AOC?WI?UO?RIAWCWIEA@?PEPM@_?P@O?[UCKA@?ZC>I>?LIO?WE>KEDKC>u
6
b\6YnZknZ6n67kZZmn6fkn likpn

^\6apmommZ6l63kZnZ6n6
lp6fkn likpn
=@?PNIBCA?D@?@WIA?IBE>MCKER@_?@?QA@VIK@?WC?X=?>IA]?
CQAIPECW@?QIM@>?P@DBAI>>E>KC>_[UI?Q@WIAJ@?QA@Q@A?IOIDWC>?C@?
KIK@?EDEPECM_?WCDW@?@AEBIO?C?UO?KIK@?>UL>KEKUKER@S
X?QA@VIK@?WC?X=?PUOQAEA]?UO?AEK@?>IOIMNCDKI?C@?WC>?WIOCE>?
hkcberkemoidcmidegkhfefjokbbfe7iqcfjihebkjnfekccnfeigkjibe
OCE@AEC?>EOQMI>?QCAC?>UC?CQA@RCGJ@S
=Q`>?C?WIREWC?CQA@RCGJ@?WC?X=_?P@O?@U?>IO?IOIDWC>_?@?
@WIA?IBE>MCKER@?WIR@MRI?QCAC?@?@WIA?IPUKER@_?QCAC?>CDGJ@?
@U?RIK@S?
kjnfebijqcfjiniegkhfe|okbcnkjmkeniekg~hcqieieaeifoie
bkosegofdrhiniekeqfdebriegr~hcqifejfecsocfepqciheniejcfe
I>KCA]?QA@WUFEDW@?@>?>IU>?WIREW@>?IZIEK@>?MIBCE>S
]\6YloZ6fkn likpn
bmieibkemoijbqfookenroijmkemfnfefekkoqqcfepjijqkcofe
Q@E>?P@D>E>KI?DC?IZIKERC?CAAIPCWCGJ@_?Q@A?QCAKI?W@?@RIAD@_?WC>?
WERIA>C>?AIPIEKC>?QAIRE>KC>_?LIO?P@O@?C?AICMEFCGJ@?WC>?WI>QI>C>?
QA@BACOCWC>?QCAC?@?QIA{@W@S?
[\6ZikZl6l63npnZ
X?P@DKA@MI?>I?EDEPEC?VUDK@?P@O?C?IIPUGJ@?W@?@AGCOIDK@_?UOC?
RIF?[UI?@?QA`QAE@?@RIAD@_?CKACRY>?W@>?>IU>?`ABJ@>?WI?P@DKA@MI?
cjmkojfefrenkeqfjmofhkekmkojfecjcqcideiepbqihcifebf~okefbe
kbmfokbeg~hcqfbeqfdeokhifeehkihcninkenfbegofqkncdkjmfbe
IIPUKCW@>S


7femfqijmkeeiihcifemoimibkenkegokfqrgifekbgkqpqie
P@O?@>?AI>UMKCW@>?IZIKER@>?W@>?QA@BACOC>?AICMEFCW@>?WUACDKI?@?
CD@_?IO?KIAO@>?WI?LIDIZ{PE@>?BIACW@>?QCAC?C?Q@QUMCGJ@S

Q()*23.1.*3:+)-*+,5 .*3)03)
8-*-./3)-)0-1-3)+8:35 -,/8.3()

elolpnm67ponm62Z6llpnm6>J@?C[UIMC>?IO?[UI?@>?
EDBAI>>@>?WI?WE>Q@DELEMEWCWI>?WI?AIPUA>@>?Z@ACO?QAIPIWEW@>?WI?
AIBE>KA@?WI?AIP@DNIPEOIDK@?W@?WEAIEK@S?@A?E>>@_?CUOIDKCO?C?
bcmrifehrcnienfegimocdjcfepjijqkcofedibejfeihmkoieiebcmrife
M{[UEWC?QCKAEO@DECMS?TJ@?IIOQM@>u?=MEIDCGJ@?WI?LID>w?XQIACGHI>?
nkeqo}ncmfeadfomcifenkekdgo}bmcdfeqfjqkncnfef~oijienke
W{REWC?CKERCS
X)))80)+))-


35510134qf6a356eYY1356789
1356
X)))+0)+))0
elolpnm6fkpjpikpnm?>J@?C[UIMC>?QA@RIDEIDKI>?WC?IQM@ACGJ@?
nfegimocdjcfeniegkbbfielroncqienkencokcmfeg~hcqfefrebkliefe
>KCW@?P@M@PC?QCAKI?W@?>IU?QCKAEO DE@?C?WE>Q@>EGJ@?WI?QI>>@C>?
bcqibefrelroncqiberkegfnkofebke~kjkpqcioenke~kjbefrenke
>IAREG@>_?OIWECDKI?QCBCOIDK@?WI?UO?QAIG@?I>KEQUMCW@S?
MC>?EDWIQIDWIO?WI?CUK@AEFCGJ@?MIBCM?I?Q@WI?@P@AAIA?C?
[UCM[UIA?O@OIDK@_?I?>J@?@AEUDWC>?WC?IQM@ACGJ@?W@?QCKAEO DE@?
O@LEME]AE@?@U?EO@LEME]AE@_?@U?W@?IIAP{PE@?WI?CKEREWCWI?IP@D OEPC_?
EDWU>KAECM_?P@OIAPECM?@U?WI?>IAREG@>_?QIM@?>KCW@?@U?>UC>?IDKEWCWI>S?
IOQM@>u?IDWC>?@LKEWC>?>@LAI?@>?LID>?>UVIEK@>??>UC?QA@QAEIWCWI?
ihrr}cbenccnkjnfbighcqikbepjijqkcoib
elolpnm6alkpnnm6>J@?C[UIMC>?P@LACWC>?QIM@?>KCW@_?Q@A?
Z@AGC?W@?>IU?Q@WIA?WI?EOQYAE@_?>@LAI?C>?AIMCGHI>?IP@D OEPC>?
QACKEPCWC>?QIM@>?QCAKEPUMCAI>_?QI>>@C>?Z{>EPC>?@U?VUA{WEPC>_?@U?
>@LAI?>IU>?LID>S?5C?CKUCMEWCWI_?P@D>KEKUE\>I?DC?ED>KEKUEGJ@?WI?
moc~rmfberkebkofekccnfbeniegfgrhifegioiepjijqcioefbe
ibmfbenieindcjcbmoifeg~hcqiekdekoihefregioiefeqrbmkcfenke
bkocfbeg~hcqfbekbgkqpqfbegokbminfbefreqfhfqinfbeiencbgfbcfe
nieqfdrjcninkekdghfbe8iibedgfbmfbekefjmoc~rckbenke
 IMN@AECS
KX))),0)8)+))8)
-)+
elolpnm6fkn likpnm6bfemfnfbefbecjokbbfbepjijqkcofbe
nkeqiosmkoejfenkfhrmcfeirkocnfbegkhfe|fnkoe|~hcqfeae
AIPIEKC?@AGCOIDK]AEC?>I?>ULWEREWI?CEDWC?DC>?>IBUEDKI>?PCKIB@AEC>?
IP@D OEPC>u?AIPIEKC>?P@AAIDKI>?I?AIPIEKC>?WI?PCQEKCMS
elolpn6Ykn6fkn likpn6P@AAI>Q@DWIO?C@>?RCM@AI>?
gofkjckjmkbenkemfniekerihrkoeiookqiniferkejfeprokdejfe
foidkjmfeg~hcqfekeqfjbkrkjmkdkjmkerkejfehkegkomkjqkde
efkojfepqieqfdfedkofenkgfbcmsocfenfbeihfokbeokqk~cnfbe
kdghfbekg6bcmfbeokqk~cnfbeirkbekdencjkcofeokqk~cnibe
fjbcjikbeokmcnibeiegiioekmq
X)))8)10)-)),)

elolpnm67ponm6Ylpnm6>J@?C[UIMC>?IO?[UI?@>?EDBAI>>@>?
WI?WE>Q@DELEMEWCWI>?WI?AIPUA>@>?DJ@?Z@ACO?QAIPIWEW@>?WI?AIBE>KA@?
WI?AIP@DNIPEOIDK@?W@?WEAIEK@?I?DJ@?P@D>KEKUIO?@LAEBCGHI>?
P@AAI>Q@DWIDKI>u?@A?E>>@_?CUOIDKCO?C?>EKUCGJ@?ME[UEWC?W@?
gimocdjcfepjijqkcofekeiebcmrifehrcniegimocdfjcihekdghfbe
IPIEKC?^AELUK]AEC_?IPIEKC?CKAEO@DECM_?IPIEKC?WI?TIAREG@>_?IKPS

elolpnm6fkpikpnm6>J@?C[UIMC>?[UI?AIQAI>IDKCO?PIAKC?
AIBUMCAEWCWI? DC? >UC? CAAIPCWCGJ@_? >IDW@? D@AOCKEFCWC>? QIMC?
fjbmcmrcfefregfoehkcbekbgkqpqibekdghfbeaookqinifenke
dgfbmfbeknkoicbebminricbefre} rjcqcgicbe8oijbkojqcibenfe

UDW@?WI?CAKEPEQCGJ@?W@>?>KCW@>?I?W@?E>KAEK@?
IWIACM_?W@?
UDW@?
nke|iomcqcgifenfbe} rjcqgcfbefmiegiomkenfe} enkbmcjinfeifbe
 UDEP{QE@>_?IKPS
elolpnm6 YknZkpikpnm6 >J@? C[UIMC>? EDP@D>KCDKI>_?
I>Q@A]WEPC>_?>?RIFI>?IPIQPE@DCE>_?I?[UI_?Q@A?E>>@_?DJ@?>I?
okjfidenkeijfeieijfejiegkiefoidkjmsociefdfekkdghfe
OCE>?K{QEP@_?P@>KUOC\>I?PEKCA?@?EOQ@>K@?IKAC@AWED]AE@_?QAIRE>K@?
jfeiomeenfe6ncfe8oc~rmsocfe7iqcfjihekenkqokminfekde
PEAPUD>K7DPEC>?CD@AOCE>_?D@>?PC>@>?WI?BUIAAC?@U?>UC?EOEDDPECS?
=>?AIPIEKC>?QCKAEO@DECE>?WIRIO_?KCOLYO_?>IA?P@D>EWIACWC>?P@O@?
IKAC@AWED]AEC>_?>@L?@?C>QIPK@?@AGCOIDK]AE@S
X))))))0)8)19))
/)))1(
>I? WJ@6 [UCDW@? >IU? EDBAI>>@? Y?
QA@O@REW@?QIMC?QA`QAEC?IDKEWCWI_?WEAIKCOIDKI_?@U?CKACRY>?WI?
CBIDKI>?CAAIPCWCW@AI>?CUK@AEFCW@>S?IOQM@u?KAELUK@>_?CMUBUYE>_?
okjncdkjmfenkeighcqikbepjijqkcoibedrhmibekelrofbenkedfoie
CMEIDCGJ@?WI?LID>_?IKPS
)>I?WJ@6[UCDW@?C?>UC?CAAIPCWCGJ@?>I?
QA@PI>>C?CKACRY>?WI?@UKAC>?IDKEWCWI>_?IO?REAKUWI?WI?WE>Q@>EKER@>?
P@D>KEKUPE@DCE>?I@U?MIBCE>_?@U?CEDWC_?OIWECDKI?PIMILACGJ@?WI?
CP@AW@>?I@U?P@DRDE@>S?IOQM@u?P@KC?QCAKI?WI?^AELUK@>?
IWIACE>?
ifbebminfbeke} rjcqgcfbe|eke|} efmiegiomkenke8oc~rmfbe
bminricbeifbe} rjcqgcfbe} eke|eaeqfjjcfbekmq
>J@?C>?@QIACGHI>?WI?PAYWEK@?AICMEFCWC>?P@O?
nkbmcjifekbgkqpqiecjqrhinibeeqfdgofifenieighcqifenfbe
okqrobfbefekkdghfbefbepjijqcidkjmfbegioiecdghijmifenke
QCA[UI>?EDWU>KAECE>_?C[UE>EGJ@?WI?LID>?WI?P@D>UO@?WUA]RIM_?@LAC>?
WI?>CDICOIDK@?L]>EP@_?IKPS
X)))*)-0)8)*))
8))*
ebfenkbmcjinibeiepjijqcioeibekbgkbibe
fookjmkbehibbcpqidbkekde
?[UI?>J@?QA@RIDEIDKI>?WC?P@LACDGC?WI?
EOQ@>K@>_?KCC>?I?P@DKAELUEGHI>?WI?OIMN@AECS
?[UI?>J@?QA@RIDEIDKI>?WC?
CAAIPCWCGJ@?WI?P@DKAELUEGHI>?>@PECE>?I?IP@D OEPC>w?Q@A?IIOQM@u?
P@DKAELUEGHI>?QCAC?@?T=T_?P@DKAELUEGHI>?QCAC?ZUDW@?WI?
binkenkebkocnfokbeg~hcqfbekmq


ebfegofkjckjmkenfeokbrhminfepjijqkcofe
WC?ZAUEGJ@?W@?QCKAEO DE@_?WIP@AAIDKI?WC?QA@QAEIWCWI?WI?LID>?
O@LEME]AE@>?@U?EO@LEME]AE@>w?Q@A?IIOQM@u?=MUBUYE>_?WEREWIDW@>_?
okqkcmiefocrjnienkeighcqifepjijqkcoiekmq
elolpn63jkZlokpn?WIP@AAI?WC?IQM@ACGJ@?WC>?CKEREWCWI>?
CBA@QIPU]AEC>w?Q@A?IIOQM@u?AIPIEKC?WC?QA@WUGJ@?RIBIKCM_?AIPIEKC?
WC?QA@WUGJ@?CDEOCM?I?WIAERCW@>S
ef~mcnieqfdeimccninkbehcinibeecjnbmocie
nke moijbfodife kdghfbe cjnbmocie kncmfocihe ke ospqie
AIPEPMCBIO?WI?ME@_?IKPS
?>J@?QA@RIDEIDKI>?WI?CKEREWCWI>?
PCACPKIAEFCWC>?QIMC?QAI>KCGJ@?>I?>IAREG@>?Q@A?`ABJ@>?W@?>KCW@w?Q@A?
kkdghfebkocfbeqfdkoqcicbeqfdgoiekekjnienkedkoqinfocibe
IKPS
?>J@?AIPUA>@>?AIPILEW@>?WI?@UKAC>?
gkbbfibenkencokcmfeg~hcqfefregocinfenkbmcjinfbeifeimkjncdkjmfe
WI?WI>QI>C>?P@AAIDKI>S
fknm6elolpnm6Zkklilm6>J@?@6BAUQ@?[UI?P@OQAIIDWI?C>?
IPIEKC>?WI? UMKC>?I?UA@>?WI? @AC_?DWIDEFCGHI>?I?I>KEKUEGHI>_?
IPIEKC?WC?{REWC?=KERC_?IKPS
elolpnm6l6npn6>J@?C[UIMC>?QA@RIDEIDKI>?WI?AICMEFCGJ@?
WI?AIPUA>@>?@AEUDW@>?WC?P@DKACKCGJ@?WI?W{REWC>w?WC?P@DRIA>J@?
kdekbg}qckenke~kjbeihckjifenke~kjbed6kcbekecd6kcbenfbe
okqrobfbeokqk~cnfbenkefrmoibegkbbfibenkencokcmfeg~hcqfefregocinfbe
nkbmcjinfbeieimkjnkoenkbgkbibeqhibbcpqskcbekdekbgkbibenke
igcmihefenkbmcjinibeifeimkjncdkjmfenibekbgkbibenkeigcmihe
keqhibbcpqidbkekd
ebfefbepjijqcidkjmfbef~mcnfbenkjmofe
I?Z@AC?W@?C{>w?KACKC\>I?WI?AIPUA>@>?PCQKCW@>?WI?KIAPIEA@>?QCAC?@LAC>?
kebkocfbeg~hcqfbekdghfbeqfhfqifenkemmrhfbeg~hcqfbe
qfjmoimifenkekdgo}bmcdfbekepjijqcidkjmfbekmq
3plinZ6l69lim?>J@?AIPIEKC>?QA@RIDEIDKI>?WC?RIDWC?WI?
LID>?O`RIE>?I?EO`RIE>w
?>J@?AIPIEKC>?QA@RIDEIDKI>?W@?
AIPILEOIDK@?W@?QAEDPEQCM?OCE>?P@AAIGJ@?O@DIK]AEC_?WI?IOQAY>KEO@>?
IZIKUCW@>?C?KIAPIEA@>w
?>J@?AIPUA>@>?AIPILEW@>?WI?@UKAC>?
IDKEWCWI>w?CQMEPCGJ@?WI>>I>?AIPUA>@>?WIRIA]?>IA?IO?WI>QI>C>?
WI?PCQEKCMS?X?AIPILEOIDK@?WI>>I>?AIPUA>@>?DJ@?BIAC?DIDNUOC?
P@DKACQAI>KCGJ@?WEAIKC?IO?LID>?I?>IAREG@>w
fknm6elolpnm6l6npn6>J@?C>?[UI?IDR@MRIO?C>?AIPIEKC>?
nkeqigcmihejfeqhibbcpqskcbejibeijmkocfokb
aY57Y536789
13
ekidkenienkbgkbieg~hcqienkkeijmkqknkoeifekbmrnfenie
okqkcmieg~hcqiegfcbejfegfnkedicbebkoeqfdgokkjncnieigkjibe
REDPUMCWC?C@?P@DPIEK@?IP@D OEP@?QAERCW@_?E>K@?Y_?WI?[UI?C?
WI>QI>C?WIRC?>IA?AICMEFCWC?CQ`>?@?P]MPUM@?WC?AIPIEKC_?P@O@?@P@AAI?
D@AOCMOIDKI?P@O?C>?IOQAI>C>?QCAKEPUMCAI>S?
=ME]>_?N@VI?IO?WEC_?@>?QCAKEPUMCAI>?AIP@AAIO?C@?IOQAY>KEO@?
bkdgokerkeieokqkcmiebkeigokbkjmienkpqckjmkekdeokhifeenkbgkbi


X?>KCW@?KIO?P@O@?@LVIKER@_?D@?IIAP{PE@?WI?>UC?CKEREWCWI?
pjijqkcoi_?C?AICMEFCGJ@?WI?>IU>?pjb_?QIM@?[UI?QA@PUAC?CVU>KCA?C?
AIPIEKC??QA@BACOCGJ@?WI?>UC?Q@M{KEPC_?@U?>IVC_?C?WI>QI>C?QAIPIWI?
C?I>KCS?^CM?@P@AAI?Q@A[UI?@?>KCW@?PUEWC?QAEOIEA@?WI?P@DNIPIA?
ibejkqkbbcninkbeg~hcqibencminibegkhfbeokqhidfbenieqfdrjcninke
>@PECM_?C@?P@DKA]AE@?W@?[UI?CP@DKIPI?P@O?@?QCAKEPUMCA_?[UI?AIBUMC?
C>?>UC>?WI>QI>C>?IO?ZCPI?WI?>UC?AIPIEKCS
kkbkeqfjqkcmrioeienkbgkbieg~hcqiebf~efbegfjmfbenkecbmie
foidkjmsocfekeqckjmpqf
ahcfdioeihkkcofekjbcjierkeienkbgkbieg~hcqiebf~efekjfrke
@AGCOIDK]AE@_?Y?C?CQMEPCGJ@?WI?PIAKC?[UCDKEC?IO?WEDNIEA@_?Q@A?
giomkenieirmfocninkefreikjmkeg~hcqfeqfdgkmkjmknkjmofenke
UOC?CUK@AEFCGJ@?MIBE>MCKERC_?QCAC?IIPUGJ@?WI?UO?pd?C?PCAB@?W@?
B@RIAD@S
abbcdeienkbgkbieg~hcqie}eiebfdienkeibmfbeokihcinfbegkhfe
>KCW@?QCAC?C?AICMEFCGJ@?WI?@LAC>?I?QCAC?C?QAI>KCGJ@?WI?>IAREG@>?
g~hcqfbe
|foefrmofehinfesefekjmkjncdkjmferkegfoenkbgkbieg~hcqie
WIRI\>I?IDKIDWIA?C?EDRIA>J@?@U?WE>KAELUEGJ@?WI?AE[UIFC?[UI?C>?
kjmcninkbeg~hcqibeokihcidef~lkmcijnfeiegofnrfenfbebkocfbe
okqhidinfbegioiebimcbifenibejkqkbbcninkbeg~hcqibekegioieikoe
kdeiqkenkefrmoibekcjqcibeniecnieg~hcqieibericbejfebfe
PNCOCWC>?QA@QAECOIDKI?>IAREG@>S

35510134qf6a36
Y1620[\]^_1h[
cjihdkjmkenkkebkoedkjqcfjinieieqhibbcpqifeinfminie
QIMC?IE?D$?zSyx_?WI?vyz_[UI?I>KCKUE?D@AOC>?WI?WEAIEK@?
pjijqkcof?QCAC?C?IMCL@ACGJ@?I?P@DKA@MI?W@>?@AGCOIDK@>?I?LCMCDG@>?
WC?DEJ@_?>KCW@>_? UDEP{QE@>?I?E>KAEK@?
IWIACM_?KIDW@?C?AIZIAEWC?
hkcegofqkncnfeeqhibbcpqifeqfde~ibkejibenckobibeqimkfocibe
kqfjdcqibenienkbgkbieg~hcqi
126almlmnm6oZkklilm?>J@?C[UIMC>?[UI?DJ@?IDAE[UIPIO?@?
gimocdjcfeg~hcqfekebfejkqkbbsocibeekkqrfenfbebkocfbe
g~hcqfbekeecnienfebminfebkjnfeibbcdekoninkcoibenkbgkbibe
@QIACPE@DCE>?I?IP@D@OEPCOIDKI?EOQA@WUKERC>u
3n26almlmnm6l6omlpZ?>J@?C[UIMC>?[UI?>J@?ZIEKC>?@LVIKERCDW@?
ibbkroioeferjqcfjidkjmfenfbebkocfbeg~hcqfbecjqhrbckebe
WI>KEDCWC>?C?CKIDWIA?C?@LAC>?WI?P@D>IARCGJ@?I?CWCQKCGJ@?WI?LID>?
EO`RIE>_?AIPILIDW@?@?>KCW@_?IO?P@DKACQAI>KCGJ@_?LID>?I?>IAREG@>?
iomee#ekeiomee|kbbfiheqcchee|kbbfihedchcmioee} imkocihenke
P@D>UO@?\?TIAREG@>?WI?KIAPIEA@>?\?DPCAB@>?WERIA>@>S
2?4?>J@?C>?[UI?>I?
MEOEKCO?C?PAECA?AIDWEOIDK@>?QCAC?@>?EDWER{WU@>_?>IO?[UCM[UIA?
P@DKACQAI>KCGJ@?WEAIKC?IO?LID>?@U?>IAREG@>_?EDPMU>ERI?QCAC?
P@DKAELUEGHI>?I?>ULRIDGHI>?WI>KEDCWC>?C?CKIDWIA??OCDEZI>KCGJ@?
nkefrmoibekjmcninkbenkencokcmfeg~hcqfefregocinfeqfdgokkjnkjnfe
K@W@>?@>?BC>K@>?>IO?CQMEPCGJ@?B@RIADCOIDKCM?WEAIKC?W@>?AIPUA>@>?
nkegofnrfejiqcfjihenke~kjbekebkocfbeiomee#ee~kome
er~kjkbebfqcicbeer~kjkbekqfjdcqibeejimcfbe
?ID>E@DE>KC>?\?TCM]AE@\ZCO{MEC?I?=L@D@?ZCOEMECA?\?UA@>?WC?
ncnieg~hcqieefjmoc~rckbenke|okcnjqciefqciheeckobibe
KACD>ZIADPEC>?P@AAIDKI>S
31126 almlmnm6 l6 onpn? >J@? C>? [UI? WIKIAOEDCO?
UOC? dfncpqife nfe gimocdjcfe g~hcqfe imoi}be nke bkre
PAI>PEOIDK@_>IDW@_?Q@E>_?IP@D@OEPCOIDKI?QA@WUKERC>_?I?C>>EO?>I?
WEREWIOu


n2?almlmnm6l6pilmp liZmebfeiberkejfeokkhidepjb?
AIQA@WUKER@>?CAKS?e#eekeiomee
56~oibeg~hcqibe
\?TIAREG@>?IO?AIBEOI?WI?QA@BACOCGJ@?I>QIPECM?
\?[UEQCOIDK@>?I?ED>KCMCGHI>?
\? CKIAECM?QIAOCDIDKI
\??CAKEPEQCGJ@?IO?P@D>KEKUEGJ@?@U?CUOIDK@?WI?PCQEKCM?WI?
IOQAI>C>?@U?IDKEWCWI>?EDWU>KAECE>?@U?CBA{P@MC>S
2?4pjijqkcoibebfeiberkeqfookbgfjnkde
C?CQMEPCGHI>?ZIEKC>?QIM@?>KCW@?I?>U>PIK{RIE>?WI?MNI?QA@WUFEA?AIDWC>?
iomee#e"ekeiomee
\?=[UE>EGJ@?WI?EO`RIE>
\?CAKEPEQCGJ@?IO?P@D>KEKUEGJ@?@U?CUOIDK@?WI?PCQEKCM?WI?
IOQAI>C>?@U?IDKEWCWI>?P@OIAPECE>?@U?pjijqkcoib?
\?=[UE>EGJ@?WI?K{KUM@>?AIQAI>IDKCKER@>?WI?PCQEKCM?WI?IOQAI>C>?
IO?ZUDPE@DCOIDK@
efjbmcmrcfenkerjnfbeofmimcfbe
efjqkbbfenkekdgo}bmcdfbeeckobibecjkobkbepjijqkcoibS
o2?4?>J@?C>?[UI?
P@AAI>Q@DWIO? C? W@KCGHI>? QCAC? EDRI>KEOIDK@>? @U? EDRIA>HI>?
pjijqkcoib?C?>IAIO?AICMEFCWC>?Q@A?@UKAC>?QI>>@C>?VUA{WEPC>?WI?
ncokcmfeg~hcqfefrenkencokcmfegocinfecjnkgkjnkjmkdkjmkenke
P@DKACQAI>KCGJ@?WEAIKC?IO?LID>?@U?>IAREG@>_?P@D>KEKUEDW@?I>>C>?
KACD>ZIADPEC>? CU{ME@>? @U? P@DKAELUEGHI>_? >IBUDW@? WIAERIO?
WEAIKCOIDKI?WC?MIE?WI?@AGCOIDK@?@U?WI?MIE?I>QIPECM?CDKIAE@A_?LIO?
qfdfenfmikbegioieidfomcifeniencnieg~hcqieiomee#ee
keiomee
eadfomcifeniencnieg~hcqie
earhcfbegioief~oibeg~hcqibe
\?=U{ME@>?QCAC?I[UEQCOIDK@>?I?ED>KCMCGHI>?
\?=U{ME@>?QCAC?EDRIA>HI>?pjijqkcoib?
\?XUKAC>?P@DKAELUEGHI>S
4
=>?WI>PIDKACMEFCGHI>?WI?PAYWEK@>?@AGCOIDK]AE@>?@P@AAIO?
[UCDW@?Z@A?IZIKUCWC?O@REOIDKCGJ@?WI?QCAKI?W@?@AGCOIDK@_?
dijmcnibeibeqhibbcpqikbecjbmcmrqcfjiherjqcfjihegofoidsmcqie
I?IP@D OEPC_?QCAC?[UI?@UKAC>?UDEWCWI>?CWOEDE>KACKERC>?Q@>>CO?
IIPUKCA?C?WI>QI>C?@AGCOIDK]AECS
=>?WI>PIDKACMEFCGHI>?WI?PAYWEK@>?@AGCOIDK]AE@>?WEZIAIO?WC>?
KACD>ZIADPEC>?I?KACD>Q@>EGJ@_?Q@E>?DJ@u
edfncpqiefeihfoeniegofoidifefrenkebribenfmikbe
foidkjmsocibeqo}ncmfbeincqcfjicb
eihmkoieierjcninkefoidkjmsocieqhibbcpqifecjbmcmrqcfjihe
WIKIDK@AC?W@?PAYWEK@?@AGCOIDK]AE@?CQA@RCW@?DC?MIE?@AGCOIDK]AEC?@U?
kdeqo}ncmfbeincqcfjicbemoijbkojqcimoijbgfbcf
tUCDW@?C?WI>PIDKACMEFCGJ@?IDR@MRIA?UDEWCWI>?BI>K@AC>?WI?UO?
OI>O@?`ABJ@?KIO\>I?C?WI>PIDKACMEFCGJ@?EDKIADC?\?KCOLYO?PNCOCWC?
WI?QA@RE>J@S?
O?PC>@?WI?@P@AAIA?IDKAI?UDEWCWI>?BI>K@AC>?WI?`ABJ@>?@U?
IDKEWCWI>?WI?I>KAUKUAC?WEZIAIDKI_?KIA\>I\]?UOC?WI>PIDKACMEFCGJ@?
IKIADC_?KCOLYO?WID@OEDCWC?WI?WI>KC[UIS
5C?WI>PIDKACMEFCGJ@_?C>?W@KCGHI>?>IAJ@?IOQAIBCWC>?@LAEBCK`AEC?
I?EDKIBACMOIDKI?DC?P@D>IPUGJ@?W@?@LVIKER@?QAIRE>K@?QIM@?QA@BACOC?
nkemoi~ihfegkomcjkjmkeokbgkcminiepkhdkjmkeieqhibbcpqife
ZUDPE@DCM?I?C?I>KAUKUAC?QA@BACO]KEPCS?
kbmiekcmieiejcqienckokjie}erkeiekkqrfenienkbgkbie
@AGCOIDK]AEC?>IA]?AICMEFCWC?Q@A?@UKA@?`ABJ@?@U?IDKEWCWIS
=?WI>PIDKACMEFCGJ@?WI?PAYWEK@?IKIADC?WIQIDWIA]?WI?PIMILACGJ@?
WI?P@DRDE@?@U?ED>KAUOIDK@?P@DBDIAI_?WE>PEQMEDCDW@?C?P@D>IPUGJ@?
W@?@LVIKER@?P@MEOCW@?I?C>?AIMCGHI>?I?@LAEBCGHI>?WC>?QCAKI>S

6()0-*-,/832.3:+)0-)8-*8+)
+8:35 -,/8.+(
?UOC?KACD>ZIADPEC_?WI?UOC?UDEWCWI?@AGCOIDK]AEC?@U?
CWOEDE>KACKERC?QCAC?@UKAC_?W@?Q@WIA?WI?UKEMEFCA?@>?AIPUA>@>?\?PAYWEK@>?
@AGCOIDK]AE@>?@U?CWEPE@DCE>?[UI?I>KIVCO?>@L?C?>UC?>UQIARE>J@_?@U?
MNI?KIDNCO?>EW@?W@KCW@>?@U?KACD>ZIAEW@>S
=>>EO_?Y?UO?ED>KAUOIDK@?[UI?AIBE>KAC?D@?TE>KIOC?DKIBACW@?WI?
fjmi~chcninkeeefbekkjmfbecjqrhinfbeenkbqkjmoihcifenke
PAYWEK@>?@AGCOIDK]AE@>? @REOIDK@?xw?D@?TE>KIOC?DKIBACW@?WI?
fjmi~chcninkeee
=?X=?P@DKIOQMC?C>?UDEWCWI>?>IK@AECE>?@AGCOIDK]AEC>?WI?PCWC?
`ABJ@?P@O?W@KCGHI>?@AGCOIDK]AEC>S?>>C>?W@KCGHI>?QAIPE>CO?>IA?
WI>PIDKACMEFCWC>?QCAC?[UI?C>?UDEWCWI>?BI>K@AC>?CWOEDE>KACKERC>?
Q@>>CO?IZIKUCA?C?>UC?IIPUGJ@S
=?WI>PIDKACMEFCGJ@?W@>?AIPUA>@>?@AGCOIDK]AE@>?Q@WIA]?@P@AAIA?
DC>?>IBUEDKI>?Z@AOC>_?C?>CLIAu
@KCGJ@??Y?C?KACD>ZIADPEC?WI?PAYWEK@>?@AGCOIDK]AE@>?I?
CWEPE@DCE>?ZIEKC?QIM@?`ABJ@?PIDKACM?W@?TE>KIOC?WI?XAGCOIDK@?
TIPAIKCAEC?WI?XAGCOIDK@?
IWIACM??TX
_?W@? EDE>KYAE@?W@?
|hijklidkjmfeoidkjmfekekbmfee} |eberjcninkbebkmfocicbe
WI?@AGCOIDK@S
A@RE>J@?@U?WI>PIDKACMEFCGJ@?EDKIADC?WI?PAYWEK@>??Y?C?
KACD>ZIADPEC?WI?PAYWEK@>?@AGCOIDK]AE@>?I?CWEPE@DCE>?ZIEKC?IDKAI?
UDEWCWI>?BI>K@AC>?WI?UO?OI>O@?`ABJ@_?OEDE>KYAE@?@U?IDKEWCWI?
cjmkoijmkenfefoidkjmfepbqihekenfefoidkjmfeniebkrocninke
>@PECMS
I>KC[UI?@U?WI>PIDKACMEFCGJ@?IKIADC?WI?PAYWEK@>??Y?C?
KACD>ZIADPEC?WI?PAYWEK@>?@AGCOIDK]AE@>?I?CWEPE@DCE>?ZIEKC?IDKAI?
UDEWCWI>?BI>K@AC>?WI?`ABJ@>_?OEDE>KYAE@>?@U?IDKEWCWI>?WI?I>KAUKUAC>?
CWOEDE>KACKERC>?WEZIAIDKI>_?@U?>IVC_?WI?UO?`ABJ@?QCAC?@?@UKA@S
^CDK@?C?QA@RE>J@?[UCDK@?@?WI>KC[UI?WIRIO?>IA?AIBE>KACW@>?
I?P@DKCLEMEFCW@>?D@?TE>KIOC?WI?=WOEDE>KACGJ@?
EDCDPIEAC?W@?
fkojfeknkoihecipegfoedkcfenkerdenfqrdkjmfeqidinfe
7fmienke} fcdkjmifenkeo}ncmfe7eseiegofcbfecjcqcihe
nfmife}eqfjmi~chciniegfoedkcfenie7fmieniefmife7


U()0-/3-)+8:35
-,/8.+(
6
0-/3-)0-)*870./+)+8:35 -,/8.+
@AKCAEC?DKIAOEDE>KIAECM?W@? EDE>KYAE@?WC?
CFIDWC?I?W@?
 EDE>KYAE@?W@?MCDIVCOIDK@_?XAGCOIDK@?I?I>KJ@?D$?vyxv
=AKS?$?\?=?=M@PCGJ@?W@>?PAYWEK@>?@AGCOIDK]AE@>?DC?MIE?CDUCM?
WIRIA]?>IA?ZIEKC?WEAIKCOIDKI??UDEWCWI?@AGCOIDK]AEC?AI>Q@D>]RIM?
gkhiekkqrfenibeikbeqfookbgfjnkjmkbepqijnfekninieie
P@D>EBDCGJ@?WI?AIPUA>@>?C?K{KUM@?WI?KACD>ZIADPEC?QCAC?UDEWCWI>?
cjmkoijmkbenfbefoidkjmfbepbqihekeniebkrocninkebfqcih
*
48 \? @QIACGJ@?
WI>PIDKACMEFCW@AC?WI?PAYWEK@?@AGCOIDK]AE@?IO?[UI?UOC?UDEWCWI?
@AGCOIDK]AEC?WE>Q@DELEMEFC?QCAC?@UKAC?UDEWCWI?@AGCOIDK]AEC?@U?
BI>K@AC_?@?Q@WIA?WI?UKEMEFCGJ@?W@>?AIPUA>@>?[UI?MNI?Z@ACO?W@KCW@>S
Ziollilee6ofenieindcjcbmoifeg~hcqiekbminrihe
WEAIKC?@U?EDWEAIKC_?AI>Q@D>]RIM?QIMC?WI>PIDKACMEFCGJ@?WI?PAYWEK@>?
@AGCOIDK]AE@>_?CKACRY>?WI?WI>KC[UIS
YloZk65e6ofenieindcjcbmoifeg~hcqiekbminrihencokmiefre
EDWEAIKC_?P@O?C?[UCM?@?P@DPIWIDKI?QCPKUC?C?IIPUGJ@?WI?QA@BACOC_?
QA@VIK@?@U?CKEREWCWIS
9??ED>KAUOIDK@?[UI?AIBE>KAC?D@?TE>KIOC?
=WOEDE>KACGJ@?
EDCDPIEAC?DKIBACWC??=
_?@>?IRIDK@>?REDPUMCW@>?
?WI>PIDKACMEFCGJ@?WI?PAYWEK@>??@AGCOIDK]AE@>?ZIEKC?CKACRY>?WI?
WI>KC[UIS
X?I>KC[UI?WI?PAIWEK@?@AGCOIDK]AE@?>IA]?Z@AOCMEFCW@?CKACRY>?
nieqkhk~oifenkefjjcferijnfekjfhkoeokqrobfbecjqrhinfbe
I?CKACRY>?WI?Q@AKCAEC?W@?BI>K@A?W@?`ABJ@?P@DPIWIDKI_?[UCDW@?
IDR@MRIA?AI>UO@>?DJ@?REDPUMCW@>S
5C? P@DPI>>J@? W@? WI>KC[UI? WIRIA]? >IA? @L>IARCWC? C?
P@OQCKELEMEWCWI?WC?DCKUAIFC?WC>?IDKEWCWI>?P@DPIWIDKI?I?IIPUK@AC>?
P@O?@?@LVIK@?W@?WI>KC[UIS
X?WI>KC[UI?>IA]?QA@Q@>K@?QIM@?EDKIAI>>CW@?C@?KEKUMCA?W@?`ABJ@?
@U?IDKEWCWI?AI>Q@D>]RIM?QIM@?QA@BACOC_?OIWECDKI?CQAI>IDKCGJ@?W@?
MCD@?WI?^ACLCMN@S
^IO@>?[UIu
kbmirkegfoefjjcfeefe|hijfenke8oi~ihfeimkjnkosefe
WE>Q@>K@?DC?IE?SwyS
\?I>KC[UI?Q@A?@AKCAEC??@?MCD@?WI?^ACLCMN@?>IA]?@?P@D>KCDKI?
W@?=DI@??WC?D>KAUGJ@?5@AOCKERC?T^?D$?xxz
)3))0
tUCDW@?P@DPIWEW@>?OIWECDKI?PIMILACGJ@?WI?P@DRDE@_?C>?
CMKIACGHI>?>IAJ@?ZIEKC>?CKACRY>?WI??CWEKCOIDK@>?W@>?P@DRDE@>_?DC?
Z@AOC?WC?IE?SwyS
_?[UCDW@?P@DPIWEW@>?OIWECDKI?Q@AKCAEC_?C>?CMKIACGHI>?>IAJ@?
ZIEKC>?CKACRY>?WI?@UKAC?Q@AKCAECS
=>?@QIACGHI>?AIMCKERC>?C@>?WI>KC[UI>?WI?PAYWEK@>?@AGCOIDK]AE@>?
>IAJ@??P@DKCLEMEFCWC>?D@?TE>KIOC?WI?=WOEDE>KACGJ@?
EDCDPIEAC?
DKIBACWC??=
_?CKACRY>?WI?IRIDK@>?QA`QAE@>S
4

kjnferkeiekpqsqcienfbenkbmirkbekenkebribeihmkoikbe
rihrkoerkebkliefebkreihfoepqieqfjncqcfjinieegr~hcqifenfe
AI>QIPKER@?IKACK@?W@?P@DRDE@?@U?Q@AKCAEC?P@DPIWIDKI?D@?E]AE@?
pqcihenfebminfe
X??IIPUK@A?W@?WI>KC[UI?WIRIA]?@LAEBCK@AECOIDKI_?@L>IARCA?C>?
WE>Q@>EGHI>?WC?IE?D$?Swy

5422145
ekbmirkegfoeqfjjcfeejiefodiekbmi~khkqcniejiekceje
Swy
ekbmirkegfoegfomiocieeimoi}benfeokhim6ocfepjihenieighcqife
nfbeokqrobfbeajkfeeniejbmorfe7fodimcie8eje
benkbmirkbekkmrinfbegkhferjnfebminrihenkeinkegioie
ibejcninkbeiekhkecjqrhinibepqidencbgkjbinfbenieigokbkjmife
nfekhim6ocfecjihekenfe|hijfenke8oi~ihfepqijnfejfekjmijmfe
brlkcmfbee|okbmifenkefjmibedkjbihenfbeokqrobfbermchcinfbekebe
WIOCE>?P@OQA@RCGHI>?IEBEWC>?QIMC?CWOEDE>KACGJ@?W@?
UDW@

R()*+,7,.+()R('()*+,*-./+()R(()
/83,1-8,*.3)0-)8-*8+)
O0-*8-/+),P)U('R9)0-)6SRSRV)
1+8/38.3).,/-85 .,./-8.32)*6S5 1S
5 1),P)6R90-)QS''S''V)2-.),P)T(RTS'TTTV)
0-*8-/+),P)N('S'TTTV)2-.),P)'(6SX()
*+,7,.+
fjjcfe}eiqfonfefreilrbmkerkencbqcghcjieiemoijbkojqcienke
okqrobfbepjijqkcofbenkenfmikbeqfjbcjinibejfbeoidkjmfbecb\
PCM?I?WC?TIBUAEWCWI?T@PECM?WC?DEJ@S
CAKEPEQCO?WI>>I?CP@AW@_?WI?UO?MCW@_?`ABJ@?@U?IDKEWCWI?WC?
indcjcbmoifeg~hcqieknkoihencokmiefrecjncokmiekenfefrmofehinfe
6ofefrekjmcninkenieindcjcbmoifeg~hcqiekbminrihencbmocmihefre
drjcqcgihencokmiefrecjncokmiefreicjniekjmcninkbegocinibebkdepjbe
MUPACKER@>_?RE>CDW@??IIPUGJ@?WI?QA@BACOC?WI?B@RIAD@_?IDR@MRID\
W@?C?AICMEFCGJ@?WI?QA@VIK@_?CKEREWCWI_?>IAREG@_?C[UE>EGJ@?WI?LID>?@U?
kkjmfenkecjmkokbbkeokqgofqfekdeokcdkenkedmrieqffgkoif
CAC?WCA?OCE>?RE>ELEMEWCWI?I?P@DKA@MI?>@PECM?>@LAI?@>?AIPUA>@>?
R@MUDK]AE@>?AIQC>>CW@>?C?I>KCW@>_?OUDEP{QE@>?I?IDKEWCWI>?QAERCWC>?
bkdepjbehrqoimcfbefceqocinfefe|fomihenkefjjcfbenfefkojfe

IWIACM?efe7
aermchcifenfe7egioieieqkhk~oiGJ@?I?MELIACGJ@?WI?
AIPUA>@>_?@?CP@OQCDNCOIDK@?WC?IIPUGJ@?I?C?QAI>KCGJ@?WI?P@DKC>?
nfbeqfjjcfbeqfjmoimfbenkeokgibbkekemkodfbenkegioqkociepodinfbe
P@O?AIPUA>@>?KACD>ZIAEW@>?R@MUDKCAECOIDKI?QIMC?DEJ@_?Y?@LAEBCK`\
AEC?WI>WI?vt?WI?>IKIOLA@?WI?xS
X?Q@AKCM?Y?BIAIDPECW@?QIM@?IQCAKCOIDK@?WI?I>KJ@?>KACKYBE\
PC?WC?DZ@AOCGJ@?eniekqokmiocienkefbmcqieke8kqjfhfcie
niejfodif8enfe} cjcbm}ocfenfe|hijklidkjmfeoidkjmfe
I?I>KJ@?I?K@W@?QA@PI>>@?WI?PAIWIDPECOIDK@?I?PCWC>KACOIDK@?WI?
QA@Q@>KC>?WIRI?@P@AAIA?Q@A?OIE@?WI>>I?COLEIDKIS


aYeYf6206h\bc_`6aY6^6aY6
f6aY6^__c\
E>QHI?>@LAI?C>?D@AOC>?AIMCKERC>?>?KACD>ZIADPEC>?WI?AIPUA>@>?
WC?DEJ@?OIWECDKI?P@DRDE@>?I?P@DKACK@>?WI?AIQC>>I_?I?W]?@UKAC>?
QA@REWDPEC>S
f67eY51aY2Y6a36eY789
13_?D@?U>@?WC?CKAELUEGJ@?
rkehkeqfjkokefeiomezecjqcbfeeniefjbmcmrcfekemkjnfekde
RE>KC?@?WE>Q@>K@?D@?CAKS?v?W@?IPAIK@\IE?D$?x_?WI?x?WI?ZIRIAIEA@?
WI?vw_?D$?CAKS?vv?WC?IE?D$?S_?WI?xv?WI?VUDN@?WI?vwwy_?I?D@?
iome"eniekcefdghkdkjmioejeenkeenkedicfenke
aYeY3
*31s/2+).
03)0.1+.:-)6-83.
=AKS?v@??>KI?IPAIK@?AIBUMCOIDKC?@>?P@DRDE@>_?P@DKACK@>?WI?
AIQC>>I?I?KIAO@>?WI?P@@QIACGJ@?PIMILACW@>?QIM@>?`ABJ@>?I?IDKEWCWI>?
nieindcjcbmoifeg~hcqieknkoiheqfde6ofbefrekjmcninkbeg~hcqibe
fregocinibebkdepjbehrqoimcfbegioieiekkqrfenkegofoidibe
QA@VIK@>?I?CKEREWCWI>?WI?EDKIAI>>I?AIP{QA@P@?[UI?IDR@MRCO?C?
KACD>ZIADPEC?WI?AIPUA>@>?@AEUDW@>?W@?XAGCOIDK@?
E>PCM?I?WC?
TIBUAEWCWI?T@PECM?WC?DEJ@S?IWCGJ@?WCWC?QIM@?IPAIK@?D$?Szx_?
nkez
#ee|ioiefbekkcmfbenkbmkekqokmfeqfjbcnkoibk
?\?P@DRDE@?\?CP@AW@_?CVU>KI?@U?[UCM[UIA?@UKA@?ED>KAUOIDK@?
rkencbqcghcjkeiemoijbkojqcienkeokqrobfbepjijqkcofbenkenfmikbe
P@D>EBDCWC>?D@>?XAGCOIDK@>?
E>PCM?I?WC?TIBUAEWCWI?T@PECM?WC?
DEJ@?I?KIDNC?P@O@?QCAK{PEQI_?WI?UO?MCW@_?`ABJ@?@U?IDKEWCWI?WC?
indcjcbmoifeg~hcqieknkoihencokmiefrecjncokmiekenkefrmofehinfe
6ofefrekjmcninkenieindcjcbmoifeg~hcqiekbminrihencbmocmihefre
OUDEPEQCM_?WEAIKC?@U?EDWEAIKC_?@U?CEDWC_?IDKEWCWI>?QAERCWC>?>IO?
pjbehrqoimcfbecbijnfeiekkqrfenkegofoidienkefkojfe
IDR@MRIDW@?C?AICMEFCGJ@?WI?QA@VIK@_?CKEREWCWI_?>IAREG@_?C[UE>EGJ@?
nke~kjbefrekkjmfenkecjmkokbbkeokqgofqfekdeokcdkenkedmrie
P@@QIACGJ@w
?\?P@DKACK@?WI?AIQC>>I?\?ED>KAUOIDK@?CWOEDE>KACKER@?Q@A?OIE@?
nferiheiemoijbkojqcienfbeokqrobfbepjijqkcofbebkegofqkbbiegfoe
cjmkod}ncfenkecjbmcmrcfefreikjmkepjijqkcofeg~hcqfeknkoihe
CKUCDW@?P@O@?OCDWCK]AE@?WC?DEJ@w
?\?KIAO@?WI?P@@QIACGJ@?\?ED>KAUOIDK@?Q@A?OIE@?W@?[UCM?Y?
CVU>KCWC?C?KACD>ZIADPEC?WI?PAYWEK@?WI?`ABJ@?WC?CWOEDE>KACGJ@?
g~hcqieknkoihencokmieirmiorcierjnifeg~hcqiefrekdgokbie
I>KCKCM?WIQIDWIDKI_?QCAC?@UKA@?`ABJ@?@U?IDKEWCWI?ZIWIACM?WC?OI>OC?
DCKUAIFCw?knifeniniegkhfekqokmfejeenkez
eeqfjqknkjmkee6ofenieindcjcbmoifeg~hcqieknkoihencokmie
frecjncokmieokbgfjbskhegkhiemoijbkojqcienfbeokqrobfbepjijqkcofbe
@U?QIMC?WI>PIDKACMEFCGJ@?W@>?PAYWEK@>?@AGCOIDK]AE@>?WI>KEDCW@>??
IIPUGJ@?W@?@LVIK@?W@?P@DRDE@w
eeqfjmoimijmkee6ofefrekjmcninkenieindcjcbmoifeg~hcqie
WEAIKC?I?EDWEAIKC?WC?DEJ@?[UI?QCPKUC?C?IIPUGJ@?WI?QA@BACOC_?
QA@VIK@_?CKEREWCWI?@U?IRIDK@_?Q@A?EDKIAOYWE@?WI?ED>KEKUEGJ@?
pjijqkcoieknkoihedijnimsociedkncijmkeieqkhk~oifenkeqfjmoimfe
WI?AIQC>>Iw?knifeniniegkhfekqokmfejezenkez
eeqfjkjkjmkee6ofefrekjmcninkenieindcjcbmoifeg~hcqie
WEAIKC?I?EDWEAIKC_?WI?[UCM[UIA?I>ZIAC?WI?B@RIAD@_?LIO?P@O@?
kjmcninkegociniebkdepjbehrqoimcfbeqfdeferiheieindcjcbmoife
ZIWIACM?QCPKUC?C?IIPUGJ@?WI?QA@BACOC_?QA@VIK@CKEREWCWI?@U?
IRIDK@?OIWECDKI?C?PIMILACGJ@?WI?P@DRDE@w
x

eeqfjmoiminfee6ofefrekjmcninkenieindcjcbmoifeg~hcqie
WEAIKC?I?EDWEAIKC_?WI?[UCM[UIA?I>ZIAC?WI?B@RIAD@_?LIO?P@O@?
kjmcninkegociniebkdepjbehrqoimcfbeqfdeieriheieindcjcbmoife
ZIWIACM?QCPKUC?C?IIPUGJ@?WI?P@DKACK@?WI?AIQC>>IwIWCGJ@?WCWC?
gkhfekqokmfejeenkez
eecjmkokjckjmkee6ofenieindcjcbmoifeg~hcqiencokmieke
EDWEAIKC?WI?[UCM[UIA?I>ZIAC?WI?B@RIAD@_?@U?IDKEWCWI?QAERCWC?[UI?
QCAKEPEQC?W@?P@DRDE@?QCAC?OCDEZI>KCA?P@D>IDKEOIDK@?@U?C>>UOEA?
@LAEBCGHI>?IO?D@OI?QA`QAE@w
?\?KIAO@?CWEKER@?\?ED>KAUOIDK@?[UI?KIDNC?Q@A?@LVIKER@?C?
dfncpqifenfeqfjjcfelseqkhk~oinfekninieieihmkoifenfe
@LVIK@?CQA@RCW@w
?\?@LVIK@?\?@?QA@WUK@?W@?P@DRDE@?@U?P@DKACK@?WI?AIQC>>I_?
f~bkoinfbefegofoidienkemoi~ihfekeibebribepjihcninkbek
?\?QCWA@DEFCGJ@?\?I>KCLIMIPEOIDK@?WI?PAEKYAE@>?C?>IAIO?
>IBUEW@>?D@>?P@DRDE@>?@U?P@DKACK@>?WI?AIQC>>I?P@O?@?OI>O@?
f~lkmfenkpjcnfbegkhfeqfjqknkjmkefreqfjmoimijmkekbgkqcihdkjmke
[UCDK@?>?PCACPKIA{>KEPC>?W@?@LVIK@?I?C@?>IU?PU>K@SIWCGJ@?WCWC?
gkhfekqokmfejezenkez
#eeaekjmcninkeqfjmoimijmkefrecjmkokjckjmke~kdeqfdfefbebkrbe
ikjmkberkepkokdegiomkenfeqcqhfenkemoijbkojqcienkeokqrobfbebfe
AI>Q@D>]RIE>_?QCAC?K@W@>?@>?IZIEK@>_?QIM@>?CK@>?WI?CP@OQCDNCOIDK@?
[UI?IZIKUCAS
#eeqkgqcfjihdkjmkefbe6ofbekekjmcninkbeknkoicbe
Q@WIAJ@?IIPUKCA?QA@BACOC>?I>KCWUCE>?@U?OUDEPEQCE>_?I?@>?
`ABJ@>?WC?CWOEDE>KACGJ@?WEAIKC_?QA@BACOC>?C?PCAB@?WI?IDKEWCWI?WC?
indcjcbmoifecjncokmiebf~eokcdkenkedmrieqffgkoifedkncijmke
P@DRDE@S
*31s/2+)..
03),+85 3)0-)*-2-;83:+9)3*+5 13,35 -,/+)-)
18-/3:+)0-)*+,/3
=AKS?x$??RIWCWC?C?PIMILACGJ@?WI?P@DRDE@>?I?P@DKACK@>?WI?
AIQC>>Iu
eeqfde6ofbekekjmcninkbenieindcjcbmoifeg~hcqiencokmie
I?EDWEAIKC?W@>?>KCW@>_?E>KAEK@?
IWIACM?I? UDEP{QE@>?PUV@?RCM@A?
bkliecjkocfoeieeeqkdedcheokicbefrejfeqibfenke
IIPUGJ@?WI?@LAC>?I?>IAREG@>?WI?IDBIDNCAEC_?IPIK@?IMCL@ACGJ@?
WI?QA@VIK@>?WI?IDBIDNCAEC_?D@>?[UCE>?@?RCM@A?WC?KACD>ZIADPEC?WC?
DEJ@?>IVC?EDZIAE@A?C??xS_?WUFIDK@>?I?PED[UIDKC?OEM?
okicbeeknifeniniegkhfekqokmfeje"enke??A@WUGJ@?
nkekkcmf
eeqfdekjmcninkbegocinibebkdepjbehrqoimcfberkemkjide
qfdfencockjmkeikjmkegfhmcqfenke|fnkoefrenfe} cjcbm}ocfe|~hcqfe
ncockjmkenke6ofefrekjmcninkenieindcjcbmoifeg~hcqienkerihrkoe
I>ZIAC?B@RIADCOIDKCM_?@U?AI>QIPKER@?P DVUBI?@U?P@OQCDNIEA@_?
~kdeqfdfegiokjmkekdehcjieokmieqfhimkoihefregfoeipjcninkeim}e
@?>IBUDW@?BACUw?I?knifeniniegkhfekqokmfejeenkez
eekjmoke6ofbekekjmcninkbenieindcjcbmoifeg~hcqie
ZIWIACM_?PC>@?IO?[UI?WIRIA]?>IA?@L>IARCW@?@?CAKS?v@e#e@_?EDPE>@?
w??knifeniniegkhfekqokmfeje"zenke
eeqfdekjmcninkbegocinibebkdepjbehrqoimcfberkejfe
qfdgofkdemkoenkbkjfhcnfenroijmkefbehmcdfbemobeijfbe
CKEREWCWI>?AIZIAIDKI>??OCKYAEC?@LVIK@?W@?P@DRDE@?@U?P@DKACK@?WI?
AIQC>>Iw?I?jqhrnfegkhfekqokmfeje"zenke
eeqfdekjmcninkbegocinibebkdepjbehrqoimcfberkemkjide
IO?>UC>?AIMCGHI>?CDKIAE@AI>?P@O?C?DEJ@_?EDP@AAEW@?IO?QIM@?OID@>?
UOC?WC>?>IBUEDKI>?P@DWUKC>u?DPMU{W@?QIM@?IPAIK@?D$?S_?WI?


iefdcbbfejfenkkoenkegokbmioeqfjmibeDPMU{W@?QIM@?IPAIK@?
je"zenke
~enkbqrdgocdkjmfecjlrbmcpqinfenfef~lkmfenkeqfjjcfbe
P@DKACK@>?WI?AIQC>>I?@U?KIAO@>?WI?QCAPIAECw?DPMU{W@?QIM@?IPAIK@?
je"zenke
qe nkbcfe nke pjihcninke jie ighcqife nfbe okqrobfbe
KACD>ZIAEW@>w?jqhrnfegkhfekqokmfeje"zenke
nefqfoojqcienkenijfeifeosocfefreDPMU{W@?QIM@?IPAIK@?D$?
"zenke
kegosmcqienkefrmofbeimfbechqcmfbejiekkqrfenkeqfjjcfbe
P@DKACK@>?WI?AIQC>>I?@U?KIAO@>?WI?QCAPIAECS?DPMU{W@?QIM@?IPAIK@?
je"zenke
|iosoifejcqfee|ioiepjbenkeihqijqkenfehcdcmkekbmi~khkqcnfe
D@?EDPE>@??W@?PCQUK_?Y?QIAOEKEW@u?IWCGJ@?WCWC?QIM@?IPAIK@?D$?
"zenke
?\?P@D>@APECOIDK@?IDKAI?@>?`ABJ@>?I?IDKEWCWI>?WC?CWOEDE>KACGJ@?
g~hcqiencokmiekecjncokmienfbebminfbecbmocmfeknkoiheke} rjcqgcfbek
?\?PIMILACGJ@?WI?P@DRDE@>?@U?P@DKACK@>?WI?AIQC>>I?P@O?
@LVIK@?[UI?IDBM@LI?R]AE@>?QA@BACOC>?I?CGHI>?ZIWIACE>?C?>IAIO?
IIPUKCW@>?WI?Z@AOC?WI>PIDKACMEFCWC_?WIRIDW@?@?@LVIK@?P@DKIA?C?
WI>PAEGJ@?Q@AOID@AEFCWC?I?@LVIKERC?WI?K@WC>?C>?CKEREWCWI>?C?>IAIO?
AICMEFCWC>?P@O?@>?AIPUA>@>?ZIWIACE>S
=AKS?y@eeabekjmcninkbegocinibebkdepjbehrqoimcfberke
QAIKIDWCO?PIMILACA?P@DRDE@?@U?P@DKACK@?WI?AIQC>>I?P@O?`ABJ@>?
kekjmcninkbenieindcjcbmoifeg~hcqieknkoihenkkofeokihcioe
qinibmofego}cfejfecbmkdienkekbmfenkefjjcfbekefjmoimfbe
nkekgibbkee7eqfjfodkejfodibenfe6ofeqkjmoihenfe
>E>KIOCS?knifeniniegkhfekqokmfejezenkez
#eeeqinibmoidkjmfenkerkemoimiefeqigrmegfnkosebkoeokihcinfe
IO?[UCM[UIA?`ABJ@?@U?IDKEWCWI?P@DPIWIDKI?I?QIAOEKEA]?C?PIMILACGJ@?
WI?P@DRDE@>?@U?P@DKACK@>?WI?AIQC>>I?ID[UCDK@?I>KERIA?R]MEW@?@?
PCWC>KACOIDK@S
#ee7feqinibmoidkjmfebkofekccnfbegkhfedkjfb
?\?P`QEC?W@?I>KCKUK@?>@PECM?CKUCMEFCW@?WC?IDKEWCWIw
?\?AIMCGJ@?D@OEDCM?CKUCMEFCWC?W@>?WEAEBIDKI>?WC?IDKEWCWI_?
qfdeinibmofenke|kbbfibebcqibee|
?\?WIPMCACGJ@?W@?WEAEBIDKI?WC?IDKEWCWIu
ieiqkoqieniejfekcbmjqcienkencnieqfdefe|fnkoe|~hcqfe
~kdeqfdferijmfeebriecjbqocfejfbe~ijqfbenkeninfbeg~hcqfbeke
QAERCW@>?WI?QA@KIGJ@?C@?PAYWEK@w?I
~ecjfodijnfebkefbencockjmkbeokhiqcfjinfbejfecjqcbfee
fqrgideqiofefrekdgokfeg~hcqfejieindcjcbmoifeg~hcqie
ZIWIACMw
eegofienkecjbqocfeniekjmcninkejfeinibmofe7iqcfjihenke
|kbbfiberoncqibee7|eIWCGJ@?WCWC?QIM@?IPAIK@?D$?S_?
nke
v?\?QA@RC?WI?AIBUMCAEWCWI?P@O?C>?
CFIDWC>?
IWIACM_?>KCWUCM_?
E>KAEKCM?I? UDEPEQCM?I?P@O?@?
UDW@?WI?CACDKEC?W@?^IOQ@?WI?
TIAREG@?\?
^T_?DC?Z@AOC?WC?MIEw?I?IWCGJ@?WCWC?QIM@?IPAIK@?D$?
"zenke
eeqfdgofijmkenfekkoqqcfejfbehmcdfbemobeijfbegkhie
kjmcninkegociniebkdepjbehrqoimcfbenkeimccninkbeokkokjmkbee
OCKYAEC?@LVIK@?W@?P@DRDE@?@U?P@DKACK@?WI?AIQC>>I?[UI?QAIKIDWC?
qkhk~oioeqfde6ofbekekjmcninkbenieindcjcbmoifeg~hcqie
ZIWIACMS?jqhrnfegkhfekqokmfeje"zenke
#eekocpqinieihbcninkefrecjqfookfenkecjfodifekde
[UCM[UIA?W@PUOIDK@?CQAI>IDKCW@_?WIRI?@?P@DRDE@?@U?P@DKACK@?
WI?AIQC>>I?>IA?EOIWECKCOIDKI?WIDUDPECW@?QIM@?P@DPIWIDKI?@U?
P@DKACKCW@S

#e@??=?AICMEFCGJ@?W@?PCWC>KA@?QAYRE@?D@?TE>KIOC?WI?I>KJ@?
nkefjjcfbekefjmoimfbenkekgibbkee7enkerkemoimie
@?PCQUK_?DJ@?>IA]?IEBEWC?CKY?v@?WI?>IKIOLA@?WI?xS?DPMU{W@?
gkhfekqokmfejeenkez
=AKS?y@aeeeqinibmoidkjmfeniekjmcninkegociniebkdepjbe
hrqoimcfbejfe7ejferkebkeokkokeeqfdgofifenfeokrcbcmfe
qfjbmijmkenfecjqcbfeenfe#e@?W@?CAKS?y@_?WIRIA]?>IA?CQA@RCW@?QIM@?
6ofefrekjmcninkenieindcjcbmoifeg~hcqieknkoiheokbgfjbskhe
QIMC?OCKYAEC?@LVIK@?W@?P@DRDE@?@U?P@DKACK@?WI?AIQC>>I?[UI?>I?
QAIKIDWC?PIMILACAS?jqhrnfegkhfekqokmfeje"zenke
=AKS?z@??=?PIMILACGJ@?WI?P@DRDE@?@U?P@DKACK@?WI?AIQC>>I?
qfdekjmcninkbegocinibebkdepjbehrqoimcfbebkosegokqkncnienke
qididkjmfeg~hcqfeiebkoeokihcinfegkhfe6ofefrekjmcninke
P@DPIWIDKI_?RE>CDW@??>IMIGJ@?WI?QA@VIK@>?@U?IDKEWCWI>?[UI?K@ADIO?
dicbekpqiefef~lkmfenfeilrbmkeeeeeeIWCGJ@?WCWC?QIM@?IPAIK@?D$?
"zenke
#e@eekkosebkoeniniegr~hcqcninkeifeqididkjmfeg~hcqfe
EDPMU>ERI?C@?>IU?AI>UMKCW@_?I>QIPECMOIDKI?Q@A?EDKIAOYWE@?WC?
ncrhifejiegocdkcoiegscjienfebmcfefpqcihenfe6ofefrekjmcninke
qfjqknkjmke~kdeqfdfejfe|fomihenfbefjjcfbeeDPMU{W@?QIM@?
kqokmfeje"zenke
#e@??X? EDE>KA@?WI?>KCW@?@U?@?WEAEBIDKI?O]EO@?WC?IDKEWCWI?
nieindcjcbmoifeg~hcqieknkoihegfnkosedkncijmkenkqcbfe
ZUDWCOIDKCWC_?IPIQPE@DCA?C?IEBDPEC?QAIRE>KC?D@?on?DC>?
>IBUEDKI>?>EKUCGHI>u?jqhrnfegkhfekqokmfeje"zenke
eejfbeqibfbenkekdkojqciefreqihidcninkeg~hcqierijnfe
PCACPKIAEFCWC?>EKUCGJ@?[UI?WIOCDWI?C?AICMEFCGJ@?@U?OCDUKIDGJ@?
WI?P@DRDE@?@U?P@DKACK@?WI?AIQC>>I?QIM@?QACF@?O]EO@?WI?PIDK@?I?
@EKIDKC?WEC>?P@D>IPUKER@>?I?EDEDKIAAUQK@>_?P@DKCW@>?WC?@P@AADPEC?
WC?IOIABDPEC?@U?PCMCOEWCWI_?RIWCWC?C?QA@AA@BCGJ@?WC?REBDPEC?
W@?ED>KAUOIDK@w?jqhrnfegkhfekqokmfeje"zenke
?\?QCAC?C?AICMEFCGJ@?WI?QA@BACOC>?WI?QA@KIGJ@?C?QI>>@C>?
COICGCWC>?@U?IO?>EKUCGJ@?[UI?Q@>>C?P@OQA@OIKIA?>UC?>IBUACDGCw?
@U?jqhrnfegkhfekqokmfeje"zenke
?\?D@>?PC>@>?IO?[UI?@?QA@VIK@_?CKEREWCWI?@U?>IAREG@?@LVIK@?W@?
P@DRDE@?@U?P@DKACK@?WI?AIQC>>I?V]?>IVC?AICMEFCW@?CWI[UCWCOIDKI?
OIWECDKI?QCAPIAEC?P@O?C?OI>OC?IDKEWCWI?N]?QIM@?OID@>?PEDP@?CD@>?
I?PUVC>?AI>QIPKERC>?QAI>KCGHI>?WI?P@DKC>?KIDNCO?>EW@?WIREWCOIDKI?
CQA@RCWC>S?jqhrnfegkhfekqokmfeje"zenke
aome"eeqididkjmfeg~hcqfenkkosekbmi~khkqkoeqocm}ocfbe
f~lkmcfbecbijnfeeikocfenierihcpqifem}qjcqiekeqigiqcninke
@QIACPE@DCM?W@?P@DRIDIDKI?QCAC?C?BI>KJ@?W@?P@DRDE@S
aomeefjbmcmrceqhsrbrhiejkqkbbsociekderihrkoeqfjjcfe
WE>Q@>EKER@?[UI?EDWE[UI?C?Z@AOC?QIMC?[UCM?C?IIPUGJ@?W@?@LVIK@?
>IA]?CP@OQCDNCWC?QIM@?P@DPIWIDKIS
|iosoifejcqfeaefodienkeiqfdgijidkjmfegokcbmiejfe
qigrmenkkosebkoebrpqckjmkegioieioijmcoeieghkjiekkqrfebcqie
W@?@LVIK@S
=AKS?@\=S??X>?P@DRDE@>?@U?P@DKACK@>?WI?AIQC>>I?P@O?IDKEWCWI>?
gocinibebkdepjbehrqoimcfbenkkofebkoeibbcjinfbegkhfe} cjcbmofe
WI?>KCW@?@U?QIM@?WEAEBIDKI?O]EO@?WC?IDKEWCWI?WC?CWOEDE>KACGJ@?
g~hcqieknkoiheqfjqknkjmkeDPMU{W@?QIM@?IPAIK@?D$?S_?WI?


|iosoifejcqfeee} cjcbmofenkebminfekefencockjmkedscdfe
niekjmcninkenieindcjcbmoifeg~hcqieknkoihejfegfnkofenkhkioe
C?P@OQIKDPEC?QAIRE>KC?D@?PCQUKS?DPMU{W@?QIM@?IPAIK@?D$?S_?
nke
=AKS?$?=?P@DKACQCAKEWC?W@?P@DRIDIDKI?Q@WIA]?>IA?CKIDWEWC?
gfoedkcfenkeokqrobfbepjijqkcofbenke~kjbekebkocfbenkbnkerke
IP@D@OEPCOIDKI?OID>UA]RIE>S
#eerijnfepjijqkcoieieqfjmoigiomcnienkkosebkoenkgfbcminie
jieqfjmie~ijqsociekbgkqpqienfeqfjjcfekdeqfjfodcninkeqfdefbe
QACF@>?I>KCLIMIPEW@>?D@?PA@D@BACOC?WI?WI>IOL@M>@_?@U?WIQ@>EKCWC?
D@>?P@ZAI>?WC?DEJ@_?DC?NEQ`KI>I?WI?@?P@DRDE@?>IA?IIPUKCW@?Q@A?
OIE@?W@?TE>KIOC?DKIBACW@?WI?=WOEDE>KACGJ@?
EDCDPIEAC?\?T=
S
#eerijnfeimkjncniegfoedkcfenke~kjbekebkocfbeqfjbmiosenfe
P@DRDE@?PM]U>UMC?[UI?EDWE[UI?C?Z@AOC?WI?CZIAEGJ@?WC?P@DKACQCAKEWCS
=AKS?$?=?IIPUGJ@?WI?QA@BACOC?WI?KACLCMN@?[UI?@LVIKERI?C?
AICMEFCGJ@?WI?@LAC?>IA]?ZIEKC?Q@A?OIE@?WI?P@DKACK@?WI?AIQC>>I_?>CMR@?
[UCDW@?@?P@DPIWIDKI?WE>QU>IA?WI?I>KAUKUAC?QCAC?CP@OQCDNCA?C?
IIPUGJ@?W@?P@DRDE@S
|iosoifejcqfeibfeiecjbmcmrcfefreikjmkepjijqkcofe
g~hcqfeknkoihejfenkmkjieqigiqcninkem}qjcqiejkqkbbsocieife
AIBUMCA?CP@OQCDNCOIDK@?WC?CQMEPCGJ@?W@>?AIPUA>@>?KACD>ZIAEW@>_?
proiosejfeqfjmoimfenkeokgibbkejierihcninkenkecjmkokjckjmke
frmoiecjbmcmrcfeg~hcqiefregocinieierkdeqi~kosefedkjqcfjinfe
CP@OQCDNCOIDK@S
=AKS?w$?5@?CK@?WI?PIMILACGJ@?W@?P@DRDE@?@U?P@DKACK@?
WI?AIQC>>I_?@?P@DPIWIDKI?WIRIA]?IOQIDNCA?@?RCM@A?K@KCM?C?>IA?
KACD>ZIAEW@?D@?IIAP{PE@?I?IZIKUCA_?D@?PC>@?WI?P@DRDE@?@U?P@DKACK@?
WI?AIQC>>I?P@O?REBDPEC?QMUAECDUCM_?@?AIBE>KA@?D@?T=
_?IO?P@DKC?
qfjms~chekbgkqpqienfbeihfokbegofoidinfbegioieqiniekkoqqcfe
>UL>I[IDKIS
|iosoifejcqfeeokcbmofeierkebkeokkokefeqigrmeiqiookmiose
C?@LAEBCK@AEIWCWI?WI?>IA?P@D>EBDCW@?PAYWEK@?D@>?@AGCOIDK@>?
>IBUEDKI>?QCAC?BCACDKEA?C?IIPUGJ@?W@?P@DRDE@S
aomeeeabemoijbkojqcibepjijqkcoibegioie6ofbeg~hcqfbe
kekjmcninkbeg~hcqibekegocinibenkqfookjmkbenieqkhk~oifenke
P@DRDE@>?I?P@DKACK@>?WI?AIQC>>I_?>IAJ@?ZIEKC>?IPMU>ERCOIDKI?
gfoecjmkod}ncfenkecjbmcmrcfepjijqkcoieqfjmofhiniegkhiejcfe
[UI?Q@WIA]?CKUCA?P@O@?OCDWCK]AEC?WI>KC?QCAC?IIPUGJ@?I?
pbqihcifeknifeniniegkhfekqokmfejezenkez
#eebegiidkjmfbeeqfjmienkeokqrobfbeokqk~cnfbeniejcfe
gokcbmfejfeqigrmekbmfebrlkcmfbeecnkjmcpqifenfe~kjkpqcsocfe
pjihekeef~ocimfockninkenkenkg6bcmfekdebrieqfjmie~ijqsoci
#eeqkgqcfjihdkjmkedkncijmkedkqijcbdferkegkodcmieie
cnkjmcpqifegkhfe~ijqfenfe~kjkpqcsocfenfegiidkjmfegfnkofe
bkoeokihcinfbegiidkjmfbeie~kjkpqcsocfbepjicbegkbbfibebcqibe
rkejfegfbbrideqfjmie~ijqsocief~bkoinfbefbehcdcmkbepinfbejie
Z@AOC?W@?CAKS?vS
#ee8fniedfcdkjmifenkeokqrobfbenkerkemoimiekbmkeiomcfe
gfoegiomkenfbeqfjkjkjmkbekkqrmfokbekecjbmcmrckbepjijqkcoibe
CUK@AEFCWC>_?>IA]?AICMEFCWC?@L>IARCDW@\>I?@>?>IBUEDKI>?QAIPIEK@>u
eedfcdkjmifedkncijmkeqfjmie~ijqsociekbgkqpqiegioieqinie
cjbmordkjmfenkemoijbkojqcieqfjjcfefreqfjmoimfenkeokgibbk
?\?QCBCOIDK@>?AICMEFCW@>?OIWECDKI?PAYWEK@?DC?P@DKC?LCDP]AEC?
WI?KEKUMCAEWCWI?W@>?Z@ADIPIW@AI>?I?QAI>KCW@AI>?WI?>IAREG@>_?
ZCPUMKCWC?C?WE>QID>C?WI>KI?QA@PIWEOIDK@_?Q@A?CK@?WC?CUK@AEWCWI?
O]EOC?W@?P@DPIWIDKI?@U?P@DKACKCDKI_?WIRIDW@?@?P@DRIDIDKI?

@U?P@DKACKinfecnkjmcpqioefenkbmcjimsocfenienkbgkbiegfoedkcfenfe
okcbmofenfbeninfbejfe7ekeIWCGJ@?WCWC?QIM@?IPAIK@?D$?
enkez
?\?KACD>ZIADPEC?WC>?EDZ@AOCGHI>?OIDPE@DCWC>?D@?EDPE>@??
ifeaekeife|fomihenkefjjcfbekdedkcfedij}mcqfeqfjfodke
D@AOC>?IQIWEWC>?DC?Z@AOC?W@?CAKS?vS
#eebeokqrobfbenkeqfjjcfekjrijmfejfermchcinfbe
>IAJ@?@LAEBCK@AECOIDKI?CQMEPCW@>?IO?PCWIADIKC>?WI?Q@UQCDGC?WI?
cjbmcmrcfepjijqkcoieg~hcqieknkoihebkeiegokcbfenkebkrerbfefoe
crihefrebrgkocfoeierdedbefrekderjnfenkeighcqifepjijqkcoie
WI?PUAK@?QACF@?@U?@QIACGJ@?WI?OIAPCW@?CLIAK@?MC>KAICWC?IO?K{KUM@>?
niencnieg~hcqierijnfeiermchcifenkbbkbeokqrobfbekocpqiobke
IO?QACF@>?OID@AI>?[UI?UO?O>S
#e"eabeokqkcmibepjijqkcoibeirkocnibejiefodienfe#eebkofe
@LAEBCK@AECOIDKI?P@OQUKCWC>?C?PAYWEK@?W@?P@DRDE@?I?CQMEPCWC>_?
kqhrbcidkjmkejfef~lkmfenkebriepjihcninkef~bkoinfefegiosoife
jcqfenfeiome
#e@eeeqfjkjkjmkepqiosef~ocinfeiegokbmioeqfjmibenfbeokqrobfbe
AIPILEW@>_?DC?Z@AOC?WC?MIBE>MCGJ@?CQMEP]RIM?I?WC>?WEAIKAEFI>?I?
D@AOC>?QAIRE>KC>?D@?CAKS?vS?IWCGJ@?WCWC?QIM@?IPAIK@?D$?Szx_?
nkez
#eeeqfjqknkjmkemkosegoifenkejfkjmiencibegioieigokqcioe
C?QAI>KCGJ@?WI?P@DKC>?CQAI>IDKCWC_?P@DKCW@>?WC?WCKC?WI?>IU?
AIPILEOIDK@S
#ezeaekcjqcieqfjmcniejfeqigrmegfnkosebkoebr~bmcmrniegkhie
kkqrfepjijqkcoiencokmiegfoegiomkenfeqfjkjkjmkejfeaenke
CP@AW@?P@O?D@AOC>?IQIWEWC>?DC?Z@AOC?W@?CAKS?vS
=AKS?vvS?CAC?IZIEK@?W@?WE>Q@>K@?D@?CAKS?vv?WC?IE?D$?S_?
WI?xv?WI?VUDN@?WI?vwwy_?C?C[UE>EGJ@?WI?QA@WUK@>?I?C?P@DKACKCGJ@?
WI?>IAREG@>?P@O?AIPUA>@>?WC?DEJ@?KACD>ZIAEW@>?C?IDKEWCWI>?
gocinibebkdepjbehrqoimcfbenkkofef~bkoioefbegocjqgcfbenie
EOQI>>@CMEWCWI_?O@ACMEWCWI?I?IP@D@OEPEWCWI_?>IDW@?DIPI>>]AEC_?
D@?O{DEO@_?C?AICMEFCGJ@?WI?P@KCGJ@?QAYREC?WI?QAIG@>?D@?OIAPCW@?
CDKI>?WC?PIMILACGJ@?W@?P@DKACK@S
=AKS?vxS?X?P@DRDE@?Q@WIA]?>IA?WIDUDPECW@?C?[UCM[UIA?KIOQ@_?
pqijnfefbegiomqcgkbeokbgfjbskcbebfdkjmkegkhibef~ocikbe
I?CUZIAEDW@?C>?RCDKCBID>?W@?KIOQ@?IO?[UI?QCAKEPEQCACO?
R@MUDKCAECOIDKI?W@?CP@AW@_?DJ@?>IDW@?CWOE>>{RIM?PM]U>UMC?
@LAEBCK`AEC?WI?QIAOCDDPEC?@U?>CDPE@DCW@AC?W@>?WIDUDPECDKI>S
|iosoifejcqferijnfenieqfjqhrbfenkjjqcieokbqcbfe
frekmcjfenfeqfjjcfefbebihnfbepjijqkcofbeokdijkbqkjmkbe
EDPMU>ERI?@>?QA@RIDEIDKI>?WC>?AIPIEKC>?@LKEWC>?WC>?CQMEPCGHI>?
pjijqkcoibeokihcinibebkofenkfhcnfbeekjmcninkefre6ofe
AIQC>>CW@A?W@>?AIPUA>@>_?D@?QACF@?EOQA@AA@B]RIM?WI?KAEDKC?WEC>?
W@?IRIDK@_?>@L?QIDC?WC?EOIWECKC?ED>KCUACGJ@?WI?K@OCWC?WI?P@DKC>?
I>QIPECM?W@?AI>Q@D>]RIM_?QA@REWIDPECWC?QIMC?CUK@AEWCWI?P@OQIKIDKI?
W@?`ABJ@?@U?IDKEWCWI?KEKUMCA?W@>?AIPUA>@>S
*31s/2+)...
0+)./-5 3)0-)6-/+)0-)*+,7,.+)-)*+,/83
/+)08-13-)).*+,7)-)0+)1+8/32)0+)*+,7,.+
=AKS? vyS? ?=? PIMILACGJ@_? C? MELIACGJ@? WI? AIPUA>@>_? @?
CP@OQCDNCOIDK@?WC?IIPUGJ@?I?C?QAI>KCGJ@?WI?P@DKC>?WI?
P@DRDE@>_?P@DKACK@>?WI?AIQC>>I?I?KIAO@>?WI?QCAPIAEC?>IAJ@?
okcbmoinfbejfe7erkebkosei~komfeifeg~hcqfecieoknke
drjncihenkeqfdgrminfokbeejmkojkmegfoedkcfenkegscjiekbgkqpqie
nkjfdcjinie|fomihenfbefjjcfbeIWCGJ@?WCWC?QIM@?IPAIK@?D$?
enkez????cjqci


#e@eecqieqocinieiefdcbbfekbmfoienfe7erke
ZUDPE@DCA]? P@O@? `ABJ@? PIDKACM? W@? >E>KIOC_? P@OQ@>KC? Q@A?
AIQAI>IDKCDKI>?W@>?>IBUEDKI>?`ABJ@>u?IWCGJ@?WCWC?QIM@?IPAIK@?
jezenkez
?\?TIPAIKCAEC?W@?^I>@UA@?5CPE@DCM?W@? EDE>KYAE@?WC?

CFIDWCw?jqhrnfegkhfekqokmfejezenkeze
?\?TIPAIKCAEC?WI?XAGCOIDK@?
IWIACM?W@? EDE>KYAE@?W@?
MCDIVCOIDK@_?XAGCOIDK@?I?I>KJ@w?DPMU{W@?QIM@?IPAIK@?D$?
zenkeze
?\?TIPAIKCAEC?WI?@B{>KEPC?I?^IPD@M@BEC?WC?DZ@AOCGJ@?W@?
 EDE>KYAE@?W@?MCDIVCOIDK@_?XAGCOIDK@?I?I>KJ@w??IWCGJ@?WCWC?
gkhfekqokmfeje"zenke
eekqokmiocieknkoihenkefjmofhkejmkojfeniefjmofhinfocie
IACM?WC?DEJ@w?I??knifeniniegkhfekqokmfeje"zenke
v?\?TIPAIKCAEC?5CPE@DCM?WI?U>KEGC?W@? EDE>KYAE@?WC?
U>KEGCS?jqhrnfegkhfekqokmfeje"zenke
#eekofe6ofbebkmfocicbenfe7emfnfbefbe6ofbe
kekjmcninkbenieindcjcbmoifeg~hcqieknkoiherkeokihckde
KACD>ZIADPEC>?R@MUDK]AEC>?WI?AIPUA>@>_?C@>?[UCE>?P@OQIKI?C?BI>KJ@?
W@>?P@DRDE@>?I?C?CMEOIDKCGJ@?W@>?WCW@>?[UI?Z@AIO?WI?>UC?CMGCWCS
#eee|fnkoekcbhimcfegfoedkcfenibedkbibeniedioienfbe
kgrminfbekenfekjinfeknkoihefe} cjcbm}ocfe|~hcqfefe8oc~rjihe
nkefjmibeniejcfekeiefjmofhinfociekoiheniejcfe~kdeqfdfe
@UKA@>?`ABJ@>?[UI?WIO@D>KAIO?DIPI>>EWCWI_?C?PAEKYAE@?W@?`ABJ@?
qkjmoihenfebcbmkdiemkofeiqkbbfeife7egfnkjnfecjqhrcoejfe
AIZIAEW@?TE>KIOC?EDZ@AOCGHI>?[UI?KERIAIO?P@DNIPEOIDK@?C?AI>QIEK@?
WC?IIPUGJ@?W@>?P@DRDE@>?QULMEPCW@>S
#e @e e afe 6ofe qkjmoihe nfe 7e qfdgkmke
IPMU>ERCOIDKIu?jqhrnfegkhfekqokmfejezenkeze
?\?I>KCLIMIPIA?C>?WEAIKAEFI>?I?D@AOC>?C?>IAIO?>IBUEWC>?QIM@>?
`ABJ@>?>IK@AECE>?I?WIOCE>?U>U]AE@>?W@?>E>KIOC_?@L>IARCW@?@?CAKS?v?
WI>KI?IPAIK@w?jqhrnfegkhfekqokmfejezenkeze
?\?>UBIAEA?CMKIACGHI>?D@?CK@?C?[UI?>I?AIZIAI?@?CAKS?v?WI>KI?
IPAIK@w?I?jqhrnfegkhfekqokmfejezenkeze
?\?CUEMECA?@>?`ABJ@>?>IK@AECE>?DC?IIPUGJ@?WC>?D@AOC>?
I>KCLIMIPEWC>?DI>KI?IPAIK@?I?D@?CK@?C?[UI?>I?AIZIAI?@?CAKS?v?WI>KI?
IPAIK@S?jqhrnfegkhfekqokmfejezenkeze
#e"@??=?TIPAIKCAEC?WI?@B{>KEPC?I?^IPD@M@BEC?WC?DZ@AOCGJ@?W@?
 EDE>KYAE@?W@?MCDIVCOIDK@_?XAGCOIDK@?I?I>KJ@?ZUDPE@DCA]?P@O@?
bkqokmiocikkqrmcienieqfdcbbfeierkebkeokkokefe#e@S?DPMU{W@?
gkhfekqokmfejezenkeze
aomeaeebe6ofbekekjmcninkbenieindcjcbmoifeg~hcqie
knkoihenkkofeokcbmoioekedijmkoeimrihciniejfe7eokhife
nkemfnibeibekjmcninkbegocinibebkdepjbehrqoimcfbeigmibeieokqk~koe
KACD>ZIADPEC>?R@MUDK]AEC>?WI?AIPUA>@>?Q@A?OIE@?WI?P@DRDE@>_?
P@DKACK@>?WI?AIQC>>I?I?KIAO@>?WI?QCAPIAECS?DPMU{W@?QIM@?IPAIK@?
je"zenke
#e@eekofeqfjbcnkoinibeigmibeibekjmcninkbegocinibebkdepjbe
MUPACKER@>?PUVC>?IEBDPEC>?QAIRE>KC>?D@?PCWC>KACOIDK@?KIDNCO?
bcnfeigofinibegkhfe6ofefrekjmcninkenieindcjcbmoifeg~hcqie
ZIWIACMS?jqhrnfegkhfekqokmfeje"zenke
#e@??IRIA]?>IA?WCWC?QULMEPEWCWI??AIMCGJ@?WI?[UI?KACKC?
@?PCQUK?Q@A?EDKIAOYWE@?WC?>UC?WERUMBCGJ@?DC?QAEOIEAC?Q]BEDC?W@?
|fomihenfbefjjcfbejqhrnfegkhfekqokmfeje"zenke
*31s/2+).7
03)1308+,.3:+)0+)+;4-/+
=AKS?vzS?X>?`ABJ@>?P@DPIWIDKI>?>J@?AI>Q@D>]RIE>?QIMC?>IMIGJ@?
I?QCWA@DEFCGJ@?W@>?@LVIK@>?OCE>?ZAI[UIDKI>?D@>?P@DRDE@>S

=AKS?vS?5@>?P@DRDE@>?IO?[UI?@?@LVIK@?P@D>E>KC?DC?C[UE>EGJ@?
WI?LID>?[UI?Q@>>CO?>IA?QCWA@DEFCW@>_?@>?QA`QAE@>?`ABJ@>?I?
kjmcninkbenieindcjcbmoifeg~hcqieknkoihegfnkofeinrcochfbeke
WE>KAELU{\M@>?C@>?P@DRIDIDKI>S
*31s/2+)7
03)0.1+.:-)1.,3.)-)/83,./8.3
=AKS?vS?X>?`ABJ@>?I?IDKEWCWI>?P@DPIWIDKI>?WIRIAJ@?QULMEPCA_?
CKY?PIDK@?I?REDKI?WEC>?CQ`>?C?QULMEPCGJ@?WI>KI?IPAIK@_?D@?E]AE@?
pqciheniejcfeieokhifenfbef~lkmfbenkeqfjjcfberkebfe
QC>>{RIE>?WI?QCWA@DEFCGJ@S
|iosoifejcqfeaeokhifedkjqcfjiniejfeqigrmenkkosebkoe
AIRE>KC?I?AIQULMEPCWC?CDUCMOIDKIS
=AKS?v\=S??=?RIWCGJ@?QAIRE>KC?D@?EDPE>@?v?W@?on6W@?CAKS?
x@?I?C>?IEBDPEC>?QAIRE>KC>?jfecjqcbfeenfe#e@?W@?CAKS?y@?I?D@?
CAKS?z@ejfebkeighcqidebemoijbkojqcibenfe} cjcbm}ocfenieinke
nkbmcjinibeiebkocfbenkebinkecjmkoijmkbenfecbmkdiejcqfenke
inkeeejqhrnfegkhfekqokmfeje"zenke
=AKS?vS?XL>IARCW@>?@>?QAEDP{QE@>?WC?IP@D@OEPEWCWI?I?WC?
QULMEPEWCWI_?CK@?P@DVUDK@?W@>? EDE>KA@>?WI?>KCW@?WC?
CFIDWC_?
|hijklidkjmfeoidkjmfekekbmfekeniefjmofhinfociekoihenie
DEJ@?WE>PEQMEDCA]?C?Q@>>ELEMEWCWI?WI?CA[UERCOIDK@?WI?P@DRDE@>?
P@O?QACF@?WI?REBDPEC?IDPIAACW@?N]?OCE>?WI?PEDP@?CD@>?I?[UI?
mkjideihfoeokcbmoinfenkeim}eeeqkdedcheokicb
=AKS?vS??X>? EDE>KA@>?WI?>KCW@?WC?
CFIDWC_?W@?MCDIVCOIDK@_?
oidkjmfekekbmfekenfefjmofhkekenie8oijbgiojqciekncmiofeimfe
P@DVUDK@?QCAC?IIPUGJ@?W@?WE>Q@>K@?DI>KI?IPAIK@SIWCGJ@?WCWC?
gkhfekqokmfejezenkez??
|iosoifejcqfe eimfeqfjlrjmfegokcbmfejfeon?Q@WIA]?WE>Q@A?
bf~okeokcdkenkegofqkncdkjmfekbgkqpqfenkeiqfdgijidkjmfeke
pbqihcifenkef~oibekebkocfbenkekjkjiocienkegkrkjfeihfoe
CQMEP]RIM?[UIMI>?WI?CKY??S_?>IKIPIDK@>?I?PED[UIDKC?OEM?
okicbeeejqhrnfegkhfekqokmfeje"enke
=AKS?v\=S??X>?P@DRDE@>?I?P@DKACK@>?WI?AIQC>>I?PIMILACW@>?
IDKAI?y?WI?OCE@?WI?x?I?C?WCKC?OIDPE@DCWC?D@?EDPE>@??W@?
iomeenkkofebkoeokcbmoinfbejfe7eim}eenkenkkd~ofenke
xS?jqhrnfegkhfekqokmfejeenkez?
|iosoifejcqfeebe} cjcbmofbenkebminfenieikjnie
nfe|hijklidkjmfeoidkjmfekekbmfekenfefjmofhkekenie
^ACD>QCADPEC?AIBUMCOIDKCAJ@_?IO?CK@?P@DVUDK@_?@?AIBE>KA@?QAIRE>K@?
D@?PCQUKS6666666jqhrnfegkhfekqokmfejeenkez
=AKS?v\S??=?QCAKEA?WI?v?WI?VCDIEA@?WI?xvx_?K@W@>?@>?`ABJ@>?
I?IDKEWCWI>?[UI?AICMEFIO?KACD>ZIADPEC>?WI?AIPUA>@>?@AEUDW@>?W@>?
XAGCOIDK@>?
E>PCM?I?WC?TIBUAEWCWI?T@PECM?WC?DEJ@?Q@A?OIE@?WI?
P@DRDE@>_?P@DKACK@>?WI?AIQC>>I?@U?KIAO@>?WI?QCAPIAEC_?CEDWC?DJ@?
cjmkohcinibeife7enkkofermchcioekbbkebcbmkdi666666DPMU{W@?
gkhfekqokmfejeenke
|iosoifejcqfeebe6ofbekekjmcninkberkegfbbridebcbmkdie
QA`QAE@?WI?BI>KJ@?WI?P@DRDE@>_?P@DKACK@>?WI?AIQC>>I?@U?KIAO@>?
WI?QCAPIAEC?WIRIAJ@?QA@O@RIA?C?EDKIBACGJ@?IMIKA DEPC?W@>?WCW@>?
okhimcfbebebribemoijbkojqcibeife7egibbijnfeieokihcioe
WEAIKCOIDKI?DI>>I?>E>KIOC?@>?QA@PIWEOIDK@>?WI?MELIACGJ@?WI?
okqrobfbeiqfdgijidkjmfekepbqihcifekkqrfekegokbmifenke
P@DKC>S666666jqhrnfegkhfekqokmfejeenke


=AKS?vwS??>KI?IPAIK@?IDKAC?IO?REB@A?IO?v@?WI?VUMN@?x_?
IPIK@u?knifeniniegkhfekqokmfejezenkez
?\?@>?CAK>S?v?I?v_?[UI?KIAJ@?REBDPEC?C?QCAKEA?WC?WCKC?WI?>UC?
QULMEPCGJ@w?I?jqhrnfegkhfekqokmfejezenkeze
?\?@>?CAK>S?v@?C?@_?v_?vx_?vz?I?v?I?v?C?x_?[UI?KIAJ@?REBDPEC?
C?QCAKEA?WI?v?WI?CLAEM?WI?xS?DPMU{W@?QIM@?IPAIK@?D$?Szx_?
nkeze
?\?@?CAKS?vy_?[UI?KIA]?REBDPEC?C?QCAKEA?WI?v@?WI?>IKIOLA@?WI?
xS?jqhrnfegkhfekqokmfejeenkez
=AKS?xS?
EPCO?AIR@BCW@>?@>?CAK>S?z?C??W@?IPAIK@?D$?
wySx_?WI?xy?WI?WIFIOLA@?WI?vw_?I?@?IPAIK@?D$?wSwv_?WI??
WI?VUMN@?WI?vwwS
AC>{MEC_?x?WI?VUMN@?WI?xw?v$?WC?DWIQIDWDPEC?I?vvw$?
niekg~hcqi
9e7|eaeaea

46214204
>KI?KIK@?DJ@?>UL>KEKUE?@?QULMEPCW@?D@?X?WI?xSSx?
I?okmcpqinfejfeenke
1+8/38.3).,/-85 .,./-8.32)*6S5 1S5 1)6RS''
f6lZ6n67Zknkpn6lioZikn5ml6pmZmZ`6in6iljkn`6iZ6
aa6l6noZ nin6n6nZmpn6npkpn\

Y162 Z6g\cg_`6aY6^]6aY6d 3e4f6aY6bggg

cbgkebf~okeierihcpqifenkegkbbfibelroncqibenkencokcmfe
gocinfebkdepjbehrqoimcfbeqfdfeoijcikbeniefqckninke
cchenkejmkokbbke|~hcqfecjbmcmrcekencbqcghcjiefe8kodfenke|ioqkocie
I?W]?@UKAC>?QA@REWDPEC>S
f67eY51aY2Y6a36eY789
136
CG@?>CLIA?[UI?@?
fjokbbfe7iqcfjihenkqokmiekekrebijqcfjfeiebkrcjmkekc
*31s/2+).
03)32.1.*3:+)*+5 +)+863,.3:+)03)+*.-
030-)*.7.2
0-).,/-8--)1<;2.*+
=AKS?v@e|fnkderihcpqiobkeqfdfeoijcikbeniefqckninke
cchenkejmkokbbke|~hcqfeibegkbbfibelroncqibenkencokcmfegocinfe
bkdepjbehrqoimcfbenkbnkerkefbeokbgkqmcfbef~lkmcfbebfqcicbeke
D@AOC>?I>KCKUK]AEC>?CKIDWCO?C@>?AI[UE>EK@>?ED>KEKU{W@>?Q@A?I>KC?IES
#e@e|ioiefbekkcmfbenkbmiekceqfjbcnkoibkebkdepjbehrqoimcfbe
C?QI>>@C?VUA{WEPC?WI?WEAIEK@?QAERCW@?[UI?DJ@?WE>KAELUE_?IDKAI?@>?
>IU>?>`PE@>?@U?C>>@PECW@>_?P@D>IMNIEA@>_?WEAIK@AI>_?IOQAIBCW@>?@U?
W@CW@AI>_?IRIDKUCE>?IPIWIDKI>?@QIACPE@DCE>_?LAUK@>?@U?M{[UEW@>_?
nccnkjnfbe~fjcpqikbegiomcqcgikbefregioqkhibenfebkre
QCKAEO DE@_?CUZIAEW@>?OIWECDKI?@?IIAP{PE@?WI?>UC>?CKEREWCWI>_?I?
[UI?@>?CQMEPC?EDKIBACMOIDKI?DC?P@D>IPUGJ@?W@?AI>QIPKER@?@LVIK@?
>@PECMS
#e@eaefrmfoienierihcpqifegokcbmiejkbmkeiomcfe}eimfe
REDPUMCW@?C@?PUOQAEOIDK@?W@>?AI[UE>EK@>?ED>KEKU{W@>?Q@A?I>KC?IES
??
=AKS?x@e7febfegibbkcbenkerihcpqifeqfdfeoijcikbe
niefqckninkecchenkejmkokbbke|~hcqfeicjnierkebkenkncrkdenke
[UCM[UIA?Z@AOC?>?CKEREWCWI>?WI>PAEKC>?D@?CAKS?y@?WI>KC?IEu

?\?C>?>@PEIWCWI>?P@OIAPECE>w
?\?@>?>EDWEPCK@>_?C>?C>>@PECGHI>?WI?PMC>>I?@U?WI?AIQAI>IDKCGJ@?
nkeqimkfociegofpbbcfjih
?\?C>?ED>KEKUEGHI>?AIMEBE@>C>?@U?R@MKCWC>?QCAC?C?WE>>IOEDCGJ@?
WI?PAIW@>_?PUMK@>_?QA]KEPC>?I?RE>HI>?WIR@PE@DCE>?I??????????P@DZI>>E@DCE>w
v?\?C>?@ABCDEFCGHI>?QCAKEW]AEC>?I?C>>IOIMNCWC>_?EDPMU>ERI?
>UC>?ZUDWCGHI>w
eeibekjmcninkbenke~kjkqcfedmrfenkbmcjinibeiegofgfoqcfjioe
LID>?@U?>IAREG@>?C?UO?P{APUM@?AI>KAEK@?WI?C>>@PECW@>?@U?>`PE@>w
v?\?C>?IDKEWCWI>?I?IOQAI>C>?[UI?P@OIAPECMEFCO?QMCD@>?WI?
binkekeibbkdkhinfb
v?\?C>?ED>KEKUEGHI>?N@>QEKCMCAI>?QAERCWC>?DJ@?BACKUEKC>?I?>UC>?
OCDKIDIW@AC>w
v?\?C>?I>P@MC>?QAERCWC>?WIWEPCWC>?C@?ID>ED@?Z@AOCM?DJ@?
BACKUEK@?I?>UC>?OCDKIDIW@AC>w
?\?C>?@ABCDEFCGHI>?>@PECE>w
?\?C>?P@@QIACKERC>w
reeiberjnikbeg~hcqib
?\?C>?ZUDWCGHI>_?>@PEIWCWI>?PERE>?@U?C>>@PECGHI>?WI?WEAIEK@?
gocinfeqocinibegfoe6ofeg~hcqfefregfoerjnikbeg~hcqib
?\?C>?@ABCDEFCGHI>?PAIWEK{PEC>?[UI?KIDNCO?[UCE>[UIA?KEQ@?
nkecjqrhifeqfdefebcbmkdiepjijqkcofejiqcfjiheierkebkeokkokefe
iomeeniefjbmcmrcfeknkoih
=AKS?y@eaerihcpqifecjbmcmrniegfoekbmiekcef~bkoinfe
IO?[UCM[UIA?PC>@_?@?QAEDP{QE@?WC?UDERIA>CMEFCGJ@?W@>?>IAREG@>_?
D@?AI>QIPKER@?7OLEK@?WI?CKUCGJ@?WC>?XABCDEFCGHI>_?>@OIDKI?
>IA]?P@DZIAEWC?>?QI>>@C>?VUA{WEPC>?WI?WEAIEK@?QAERCW@_?bkdepjbe
MUPACKER@>_?PUV@>?@LVIKER@>?>@PECE>?KIDNCO?QIM@?OID@>?UOC?WC>?
bkrcjmkbepjihcninkb
?\?QA@O@GJ@?WC?C>>E>KDPEC?>@PECMw
?\?QA@O@GJ@?WC?PUMKUAC_?WIZI>C?I?P@D>IARCGJ@?W@?QCKAEO DE@?
NE>K`AEP@?I?CAK{>KEP@w
?\?QA@O@GJ@?BACKUEKC?WC?IWUPCGJ@_?@L>IARCDW@\>I?C?Z@AOC?
P@OQMIOIDKCA?WI?QCAKEPEQCGJ@?WC>?@ABCDEFCGHI>?WI?[UI?KACKC?I>KC?
IEw
eegofdffeoimrcmieniebinkef~bkoijnfbkeiefodie
P@OQMIOIDKCA?WI?QCAKEPEQCGJ@?WC>?@ABCDEFCGHI>?WI?[UI?KACKC?I>KC?
IEw
v?\?QA@O@GJ@?WC?>IBUACDGC?CMEOIDKCA?I?DUKAEPE@DCMw
v?\?WIZI>C_?QAI>IARCGJ@?I?P@D>IARCGJ@?W@?OIE@?COLEIDKI?I?
QA@O@GJ@?W@?WI>IDR@MREOIDK@?>U>KIDK]RIMw
v?\?QA@O@GJ@?W@?R@MUDKCAECW@w
v?\?QA@O@GJ@?W@?WI>IDR@MREOIDK@?IP@D OEP@?I?>@PECM?I?
P@OLCKI??Q@LAIFCw
?\?IQIAEOIDKCGJ@_?DJ@?MUPACKERC_?WI?D@R@>?O@WIM@>?>`PE@\
QA@WUKER@>?I?WI?>E>KIOC>?CMKIADCKER@>?WI?QA@WUGJ@_?P@OYAPE@_?
IOQAIB@?I?PAYWEK@w
?\?QA@O@GJ@?WI?WEAIEK@>?I>KCLIMIPEW@>_?P@D>KAUGJ@?WI?D@R@>?
WEAIEK@>?I?C>>I>>@AEC?VUA{WEPC?BACKUEKC?WI?EDKIAI>>I?>UQMIOIDKCAw
?\?QA@O@GJ@?WC?YKEPC_?WC?QCF_?WC?PEWCWCDEC_?W@>?WEAIEK@>?
NUOCD@>_?WC?WIO@PACPEC?I?WI?@UKA@>?RCM@AI>?UDERIA>CE>w
?\?I>KUW@>?I?QI>[UE>C>_?WI>IDR@MREOIDK@?WI?KIPD@M@BEC>?
CMKIADCKERC>_? QA@WUGJ@? I? WERUMBCGJ@? WI? EDZ@AOCGHI>? I?
qfjkqcdkjmfbem}qjcqfbekeqckjmpqfberkencideokbgkcmfebe
CKEREWCWI>?OIDPE@DCWC>?DI>KI?CAKEB@S
|iosoifejcqfe|ioiefbepjbenkbmkeiomcfeienkncqifebe
imccninkbejkhkegokcbmibeqfjproibkedkncijmkeiekkqrfencokmie
WI?QA@VIK@>_?QA@BACOC>_?QMCD@>?WI?CGHI>?P@AAIMCKC>_?Q@A?OIE@?WC?
nfifenkeokqrobfbebcqfberdijfbekepjijqkcofbefreicjniegkhie
QAI>KCGJ@?WI?>IAREG@>?EDKIAOIWE]AE@>?WI?CQ@E@?C?@UKAC>?@ABCDEFCGHI>?
bkdepjbehrqoimcfbekeie6ofbenfebkmfoeg~hcqferkeimrkdekdesokibe
ipjb


=AKS?z@?=KIDWEW@?@?WE>Q@>K@?D@?CAKS?y@_?IEBI\>I?CEDWC_?QCAC?
rihcpqiokdbkeqfdfeoijcikbeniefqckninkecchenkejmkokbbke
|~hEP@_?[UI?C>?QI>>@C>?VUA{WEPC>?EDKIAI>>CWC>?>IVCO?AIBEWC>?Q@A?
I>KCKUK@>?PUVC>?D@AOC>?IQAI>>COIDKI?WE>Q@DNCO?>@LAIu
?\?C?@L>IAR7DPEC?W@>?QAEDP{QE@>?WC?MIBCMEWCWI_?EOQI>>@CMEWCWI_?
dfoihcninkegr~hcqcninkekqfjfdcqcninkekeniekpqcjqci
?\?C?CW@GJ@?WI?QA]KEPC>?WI?BI>KJ@?CWOEDE>KACKERC_?DIPI>>]AEC>?I?
brpqckjmkbeieqfc~coeief~mkjfenkefodiecjnccnrihefreqfhkmcienke
LIDIZ{PE@>?@U?RCDKCBID>?QI>>@CE>_?IO?WIP@AADPEC?WC?QCAKEPEQCGJ@?
D@?AI>QIPKER@?QA@PI>>@?WIPE>`AE@w
eeieqfjbmcmrcfenkeqfjbkhfepbqihefre6ofekrcihkjmke
W@KCW@?WI?P@OQIKDPEC?QCAC?@QEDCA?>@LAI?@>?AIMCK`AE@>?WI?
nkbkdgkjfe pjijqkcofe ke qfjms~che ke bf~oke ibe fgkoikbe
QCKAEO@DECE>?AICMEFCWC>_?IOEKEDW@?QCAIPIAI>?QCAC?@>?@ABCDE>O@>?
>UQIAE@AI>?WC?IDKEWCWIw
v?\?C?QAIRE>J@?WI?[UI_?IO?PC>@?WI?WE>>@MUGJ@?WC?IDKEWCWI_?
@?AI>QIPKER@?QCKAEO DE@?M{[UEW@?>IA]?KACD>ZIAEW@?C?@UKAC?QI>>@C?
lroncqierihcpqiniejfbemkodfbenkbmiekcegokkokjqcihdkjmkerke
KIDNC?@?OI>O@?@LVIK@?>@PECM?WC?IKEDKCw
v?\?C?QAIRE>J@?WI?[UI_?DC?NEQ`KI>I?WI?C?QI>>@C?VUA{WEPC?QIAWIA?C?
rihcpqifecjbmcmrniegfoekbmiekcefeokbgkqmcfeiqkofegimocdfjcihe
ncbgfjkheinrcocnfeqfdeokqrobfbeg~hcqfbenroijmkefegkofnfekde
rkegkonrofreirkhierihcpqifebkosemoijbkocnfeiefrmoiegkbbfie
lroncqierihcpqiniejfbemkodfbenkbmiekcegokkokjqcihdkjmkerke
KIDNC?@?OI>O@?@LVIK@?>@PECMw
v?\?C?Q@>>ELEMEWCWI?WI?>I?ED>KEKUEA?AIOUDIACGJ@?QCAC?@>?
WEAEBIDKI>?WC?IDKEWCWI?[UI?CKUIO?IZIKERCOIDKI?DC?BI>KJ@?IIPUKERC?
kegioieirkhkberkeiekhiegokbmidebkocfbekbgkqpqfbeokbgkcminfbe
IO?COL@>?@>?PC>@>_?@>?RCM@AI>?QACKEPCW@>?QIM@?OIAPCW@_?DC?AIBEJ@?
P@AAI>Q@DWIDKI?C?>UC?]AIC?WI?CKUCGJ@w
v?\?C>?D@AOC>?WI?QAI>KCGJ@?WI?P@DKC>?C?>IAIO?@L>IARCWC>?
QIMC?IDKEWCWI_?[UI?WIKIAOEDCAJ@_?D@?O{DEO@u
ieief~bkojqcienfbegocjqgcfberjnidkjmicbenkeqfjmi~chcninke
kenibe7fodibeoibchkcoibenkefjmi~chcnink
~erkebkenegr~hcqcninkegfoerihrkoedkcfekpqiejfe
kjqkooidkjmfenfekkoqqcfepbqiheifeokhim6ocfenkeimccninkbekenibe
nkdfjbmoikbepjijqkcoibeniekjmcninkecjqhrcjnfbkeibeqkomcnkbe
DIBCKERC>?WI?WYLEK@>?VUDK@?C@?5TT?I?C@?
^T_?P@M@PCDW@\@>??
WE>Q@>EGJ@?QCAC?ICOI?WI?[UCM[UIA?PEWCWJ@w
qeieokihcifenkeirncmfociecjqhrbckegfoeirncmfokbekmkojfbe
EDWIQIDWIDKI>?>I?Z@A?@?PC>@_?WC?CQMEPCGJ@?W@>?IRIDKUCE>?AIPUA>@>?
@LVIK@?W@?KIAO@?WI?QCAPIAEC?P@DZ@AOI?QAIRE>K@?IO?AIBUMCOIDK@w
neiegokbmifenkeqfjmibenkemfnfbefbeokqrobfbeke~kjbenkefockde
g~hcqieokqk~cnfbegkhibeoijcikbeniefqckninkecchenke
jmkokbbke|~hcqfebkosekcmieqfjfodkenkmkodcjiefegiosoifejcqfe
nfeiomeeniefjbmcmrcfeknkoih
|iosoifejcqfeegkodcmcnieiegiomcqcgifenkebkocnfokbe
g~hcqfbejieqfdgfbcfenkeqfjbkhfenkeoijcifeniefqckninke
cchenkejmkokbbke|~hcqfekninieiegkoqkgfenkeokdrjkoifefre
>UL>{WE@_?C?[UCM[UIA?K{KUM@Sjqhrnfegkhiekceje"enke
=AKS?@erdgocnfbefbeokrcbcmfbenfbeCAK>S?y@?I?z@?WI>KC?IE_?C?
gkbbfielroncqienkencokcmfegocinfebkdepjbehrqoimcfbecjmkokbbinie
kdef~mkoeierihcpqifecjbmcmrniegfoekbmiekcenkkosefodrhioe
AI[UIAEOIDK@?I>PAEK@?C@? EDE>KYAE@?WC?U>KEGC_?ED>KAU{W@?P@O?
P`QEC>?CUKIDKEPCWC>?W@>?>IBUEDKI>?W@PUOIDK@>u
?\?I>KCKUK@?AIBE>KACW@?IO?PCAK`AE@w
?\?CKC?WI?IMIEGJ@?WI?>UC?CKUCM?WEAIK@AECw

?\?LCMCDG@?QCKAEO@DECM?I?WIO@D>KACGJ@?W@?AI>UMKCW@?W@?
IIAP{PE@w
v?\?WIPMCACGJ@?WI?E>IDGJ@?W@?EOQ@>K@?WI?AIDWCw
eecjbqocfejfeinibmofekoihenkefjmoc~rcjmkb
=AKS?@?IPILEW@?@?AI[UIAEOIDK@?QAIRE>K@?D@?CAKEB@?CDKIAE@A_?
@? EDE>KYAE@?WC?U>KEGC?WIPEWEA]_?D@?QACF@?WI?KAEDKC?WEC>_?WIZIAEDW@?
@U?DJ@?@?QIWEW@S
#e@?5@?PC>@?WI?WIZIAEOIDK@_?@? EDE>KYAE@?WC?U>KEGC?IOEKEA]_?
jfegoifenkercjkencibenienkqcbfeqkomcpqinfenkerihcpqife
nieokrkokjmkeqfdfeoijcifeniefqckninkecchenkejmkokbbke
|~hcqf
#e@?DWIZIAEW@?@?QIWEW@_?@? EDE>KYAE@?WC?U>KEGC_?D@?QACF@?
nfe#e@_?WCA]?PEDPEC?WC?WIPE>J@_?OIWECDKI?QULMEPCGJ@?D@?E]AE@?
pqcih
#e@eegkncnfenkerihcpqifebfdkjmkebkosecjnkkocnferijnf
?\?C?AI[UIAIDKI?ID[UCWACA\>I?DC>?NEQ`KI>I>?QAIRE>KC>?D@?CAKS?
x@?WI>KC?IEw
?\?C?AI[UIAIDKI?DJ@?CKIDWIA?C@>?AI[UE>EK@>?WI>PAEK@>?D@>?CAK>S?
y@?I?z@?WI>KC?IEw
?\?C?W@PUOIDKCGJ@?CQAI>IDKCWC?I>KERIA?EDP@OQMIKCS
=AKS?@e|konkbkeierihcpqifenkeoijcifeniefqckninke
cchenkejmkokbbke|~hcqfeiegkncnfefredkncijmkenkqcbfegofkocnie
IO?QA@PI>>@?CWOEDE>KACKER@?@U?VUWEPECM_?WI?EDEPECKERC?Q@QUMCA?@U?W@?
} cjcbm}ocfe|~hcqfejferihebkofeibbkroinfbeidghienkkbiekefe
WIREW@?P@DKACWEK`AE@S
=AKS?@?vIWCW@?@?CD@DEOCK@_?I?WI>WI?[UI?COQCACW@?Q@A?ZUDWCWC>?
IREWDPEC>?WI?IAA@?@U?ZACUWI_?[UCM[UIA?PEWCWJ@_?AI>QIEKCWC>?C>?
gokoofimcibenfe} cjcbm}ocfe|~hcqfe}egiomkehkmcdiegioieokrkokoe
lrncqcihefreindcjcbmoimcidkjmkeiegkonienierihcpqifecjbmcmrnie
Q@A?I>KC?IES
*31s/2+)..
0+)/-85 +)0-)138*-8.3
=AKS?w@?
EPC?ED>KEKU{W@?@?^IAO@?WI?CAPIAEC_?C>>EO?P@D>EWIACW@?
fecjbmordkjmfegibbkhenkebkoepodinfekjmokefe|fnkoe|~hcqfekeibe
kjmcninkberihcpqinibeqfdfeoijcikbeniefqckninkecchenke
jmkokbbke|~hcqfenkbmcjinfeefodifenkejqrhfenkeqffgkoife
IDKAI?C>?QCAKI>_?QCAC?@?Z@OIDK@?I?C?IIPUGJ@?WC>?CKEREWCWI>?WI?
cjmkokbbkeg~hcqfegokcbmibejfeiome@?WI>KC?IES
aomeee8kodfenke|ioqkociepodinfenkeqfdrdeiqfonfekjmoke
fe|fnkoe|~hcqfekeibeoijcikbeniefqckninkecchenkejmkokbbke
|~hcqfencbqocdcjiosencokcmfbeokbgfjbi~chcninkbekef~ocikbenibe
QCAKI>?>EBDCK]AEC>S
#e@?=?PIMILACGJ@?W@?^IAO@?WI?CAPIAEC?>IA]?QAIPIWEWC?
nkeqfjbrhmieifbefjbkhfbenke|fhmcqibe|~hcqibenibesokibe
P@AAI>Q@DWIDKI>?WI?CKUCGJ@?IE>KIDKI>_?D@>?AI>QIPKER@>?D{RIE>?WI?
B@RIAD@S
#e@?TJ@?PM]U>UMC>?I>>IDPECE>?W@?^IAO@?WI?CAPIAECu
eeienfef~lkmferkeqfjmkoseiekbgkqcpqifenfegofoidie
nkemoi~ihfegofgfbmfegkhieoijcifeniefqckninkecchenke
jmkokbbke|~hcqf
?\?C?WI?I>KEQUMCGJ@?WC>?OIKC>?I?W@>?AI>UMKCW@>?C?>IAIO?
CKEDBEW@>?I?@>?AI>QIPKER@>?QACF@>?WI?IIPUGJ@?@U?PA@D@BACOCw
?\?C?WI?QAIRE>J@?IQAI>>C?W@>?PAEKYAE@>?@LVIKER@>?WI?CRCMECGJ@?
WI?WI>IOQIDN@?C?>IAIO?UKEMEFCW@>_?OIWECDKI?EDWEPCW@AI>?WI?
AI>UMKCW@w


v?\?C?WI?QAIRE>J@?WI?AIPIEKC>?I?WI>QI>C>?C?>IAIO?AICMEFCWC>?IO?
>IU?PUOQAEOIDK@_?I>KEQUMCDW@?EKIO?Q@A?EKIO?C>?PCKIB@AEC>?P@DK]LIE>?
U>CWC>?QIMC?@ABCDEFCGJ@?I?@?WIKCMNCOIDK@?WC>?AIOUDIACGHI>?I?
LIDIZ{PE@>?WI?QI>>@CM?C?>IAIO?QCB@>_?P@O?AIPUA>@>?@AEUDW@>?@U?
REDPUMCW@>?C@?^IAO@?WI?CAPIAEC_?C?>IU>?WEAIK@AI>_?IOQAIBCW@>?I?
P@D>UMK@AI>w
eeierkekbmi~khkqkeibef~ocikbeniefqckninkecchenke
jmkokbbke|~hcqfekjmokeibericbeienkeigokbkjmioeife|fnkoe|~hcqfe
C@?KYAOED@?WI?PCWC?IIAP{PE@_?AIMCK`AE@?>@LAI?C?IIPUGJ@?W@?@LVIK@?
nfe8kodfenke|ioqkocieqfjmkjnfeqfdgioimcfekbgkqpqfenibe
OIKC>?QA@Q@>KC>?P@O?@>?AI>UMKCW@>?CMPCDGCW@>_?CP@OQCDNCW@?WI?
QAI>KCGJ@?WI?P@DKC>?W@>?BC>K@>?I?AIPIEKC>?IZIKERCOIDKI?AICMEFCW@>_?
EDWIQIDWIDKI?WC>?QAIRE>HI>?OIDPE@DCWC>?D@?EDPE>@?vw
eeienkegr~hcqifejiecdgokjbiefpqcihenfe} rjcqgcfe
W@?>KCW@?@U?WC?DEJ@_?P@DZ@AOI?@?CMPCDPI?WC>?CKEREWCWI>?
PIMILACWC>?IDKAI?@?`ABJ@?QCAPIEA@?I?C?XABCDEFCGJ@?WC?T@PEIWCWI?
cchenkejmkokbbke|~hcqfenkekmoimfenfe8kodfenke|ioqkocieke
nkenkdfjbmoimcfeniebriekkqrfebcqiekepjijqkcoieqfjfodke
dfnkhfebcdghcpqinfekbmi~khkqcnfejfeokrhidkjmfenkbmiekce
P@DKIDW@?@>?WCW@>?QAEDPEQCE>?WC?W@PUOIDKCGJ@?@LAEBCK`AEC?W@?
EDPE>@?v_?>@L?QIDC?WI?DJ@?MELIACGJ@?W@>?AIPUA>@>?QAIRE>K@>?D@?
^IAO@?WI??????CAPIAECS
=AKS?vvS?=?IIPUGJ@?W@?@LVIK@?W@?^IAO@?WI?CAPIAEC?>IA]?
iqfdgijiniekepbqihciniegfoe6ofenfe|fnkoe|~hcqfeniesokienke
imrifeqfookbgfjnkjmkeeimccninkefdkjminiekegkhfbefjbkhfbe
nke|fhmcqibe|~hcqibenibesokibeqfookbgfjnkjmkbenkeimrife
IE>KIDKI>_?IO?PCWC?D{RIM?WI?B@RIAD@S
#e@?X>?AI>UMKCW@>?CKEDBEW@>?P@O?C?IIPUGJ@?W@?^IAO@?
WI?CAPIAEC?WIRIO?>IA?CDCME>CW@>?Q@A?P@OE>>J@?WI?CRCMECGJ@_?
P@OQ@>KC?WI?P@OUO?CP@AW@?IDKAI?@?`ABJ@?QCAPIEA@?I?C?XABCDEFCGJ@?
niefqckninkecchenkejmkokbbke|~hcqf
#e@?=?P@OE>>J@?IDPCOEDNCA]??CUK@AEWCWI?P@OQIKIDKI?
AIMCK`AE@?P@DPMU>ER@?>@LAI?C?CRCMECGJ@?QA@PIWEWCS
#e@?X>?^IAO@>?WI?CAPIAEC?WI>KEDCW@>?C@?Z@OIDK@?WI?CKEREWCWI>?
DC>?]AIC>?WI?[UI?KACKC?I>KC?IE?I>KCAJ@?>UVIEK@>?C@>?OIPCDE>O@>?WI?
P@DKA@MI?>@PECM?QAIRE>K@>?DC?MIBE>MCGJ@S
aomeebeokbgfjbskcbegkhiepbqihcifenfe8kodfenke
CAPIAEC_?C@?K@OCAIO?P@DNIPEOIDK@?WI?[UCM[UIA?EAAIBUMCAEWCWI?@U?
chkihcninkejiermchcifenkeokqrobfbefre~kjbenkefockdeg~hcqie
QIMC?@ABCDEFCGJ@?QCAPIEAC_?WCAJ@?EOIWECKC?PEDPEC?C@?^AELUDCM?
nkefjmibeokbgkqmcfekeife} cjcbm}ocfe|~hcqfebf~egkjienke
AI>Q@D>CLEMEWCWI?>@MEW]AECS
=AKS?vyS?TIO?QAIVU{F@?WC?OIWEWC?C?[UI?>I?AIZIAI?@?CAKS?vx?
WI>KC?IE_?NCRIDW@?EDW{PE@>?ZUDWCW@>?WI?OCMRIA>CGJ@?WI?LID>?
freokqrobfbenkefockdeg~hcqiefbeokbgfjbskcbegkhiepbqihcife
okgokbkjmiofeife} cjcbm}ocfe|~hcqfeeanfqiqcikoihenie
DEJ@_?QCAC?[UI?AI[UIEACO?C@?VU{F@?P@OQIKIDKI?C?WIPAIKCGJ@?WC?
EDWE>Q@DELEMEWCWI?W@>?LID>?WC?IDKEWCWI?I?@?>I[I>KA@?W@>?LID>?
nfbebkrbencockjmkbe~kdeqfdfenkeikjmkeg~hcqfefremkoqkcoferke
Q@>>CO?KIA?IDAE[UIPEW@?EMEPEKCOIDKI?@U?PCU>CW@?WCD@?C@?QCKAEO DE@?
g~hcqfeih}denkefrmoibedkncnibeqfjbr~bmijqcinibejieIE?D@?Szxw_?
WI?x?WI?VUDN@?WI?vwwx_?I?DC?kcefdghkdkjmioej@?z_?WI?v?WI?
OCE@?WI?vwwS
#e@?X?QIWEW@?WI?>I[UI>KA@?>IA]?QA@PI>>CW@?WI?CP@AW@?P@O?@?
ncbgfbmfejfbeiombezekez"enfe6ncfenke|ofqkbbfecch
#e@?tUCDW@?Z@A?@?PC>@_?@?QIWEW@?EDPMUEA]?C?EDRI>KEBCGJ@_?
@?ICOI?I?@?LM@[UIE@?WI?LID>_?P@DKC>?LCDP]AEC>?I?CQMEPCGHI>?
OCDKEWC>?QIM@?WIOCDWCW@?D@?C{>?I?D@?IKIAE@A_?D@>?KIAO@>?WC?MIE?
I?W@>?KACKCW@>?EDKIADCPE@DCE>S
4

#e@eam}efem}odcjfenieifefe|fnkoe|~hcqfegkodijkqkose
P@O@?WIQ@>EK]AE@?I?BI>K@A?W@>?LID>?I?RCM@AI>?>I[I>KACW@>?@U?
EDWE>Q@D{RIE>?I?RIMCA]?QIMC?P@DKEDUEWCWI?WC>?CKEREWCWI>?>@PECE>?WC?
@ABCDEFCGJ@?QCAPIEACS
=AKS?vzS?=?@ABCDEFCGJ@?QCAPIEAC?ZCA]?QULMEPCA_?D@?QACF@?
O]EO@?WI?KAEDKC?WEC>_?P@DKCW@?WC?C>>EDCKUAC?W@?^IAO@?WI?CAPIAEC_?
AIBUMCOIDK@?QA`QAE@?P@DKIDW@?@>?QA@PIWEOIDK@>?[UI?CW@KCA]?QCAC?
C?P@DKACKCGJ@?WI?@LAC>?I?>IAREG@>_?LIO?P@O@?QCAC?P@OQAC>?P@O?
kdgokfenkeokqrobfbegofkjckjmkbenfe|fnkoe|~hcqfef~bkoinfbe
@>?QAEDP{QE@>?I>KCLIMIPEW@>?D@?EDPE>@??W@?CAKS?z@?WI>KC?IES
aome"eibfeiefoijcifeinrcoie~kdecd6kheqfdeokqrobfbe
QA@RIDEIDKI>?WC?PIMILACGJ@?W@?^IAO@?WI?CAPIAEC_?I>KI?>IA]?BACRCW@?
P@O?PM]U>UMC?WI?EDCMEIDCLEMEWCWIS
*31s/2+)...
03)0.1+.:-)1.,3.)-)/83,./8.3
aomeeekniniebekjmcninkberihcpqinibeqfdfeoijcikbe
niefqckninkecchenkejmkokbbke|~hcqfeiegiomcqcgifekde
PCOQCDNC>?WI?EDKIAI>>I?Q@M{KEP@\QCAKEW]AE@?@U?IMIEK@ACE>_?>@L?
[UCE>[UIA?OIE@>?@U?Z@AOC>S
=AKS? vS? X?  EDE>KYAE@? WC? U>KEGC? QIAOEKEA]_? OIWECDKI?
okrkocdkjmfenfbecjmkokbbinfbehcokeiqkbbfeg~hcqfeiemfnibeibe
cjfodikbegkomcjkjmkbebeoijcikbeniefqckninkecchenke
jmkokbbke|~hcqf
aomezeeabegkbbfibelroncqibenkencokcmfegocinfebkdepjbe
hrqoimcfberihcpqinibeqfde~ibkekdefrmofbencghfdibehkicbe
gfnkoferihcpqiobkeqfdfeoijcikbeniefqckninkecchenke
jmkokbbke|~hcqfenkbnkerkeimkjncnfbeifbeokrcbcmfbegioiemijmfe
IEBEW@>_?>IDW@\MNI>?C>>IBUACWC?C?OCDUKIDGJ@?>EOUMK7DIC?WI>>C>?
rihcpqikbeim}eqcjqfeijfbeqfjminfbenienimienkecjqcienkbmie
IES?knifeniniegkhie} kncnie|ofcb6ociejeenke
#e@??
EDW@?@?QACF@?WI?PEDP@?CD@>_?C?QI>>@C?VUA{WEPC?EDKIAI>>CWC?
kdedijmkoeierihcpqifegokcbmiejkbmiekcenkkosegfoekhiefgmioe
imferkecdghcqioseieokjjqcieirmfdsmcqienkebriberihcpqikbe
CDKIAE@AI>S?IWCGJ@?WCWC?QIMC? IWEWC?A@RE>`AEC?D$?xSxv\y_?WI?

#e@eibfejfebkliekcmieiefgfegokcbmiejfegiosoifeijmkocfoe
iegkbbfielroncqiegkonkoseirmfdimcqidkjmkeierihcpqifef~mcnie
D@>?KIAO@>?WI>KC?IES
=AKS?vwS?X?@WIA?IPUKER@?AIBUMCOIDKCA]?I>KC?IE?D@?QACF@?
WI?KAEDKC?WEC>S
=AKS?xS?>KC?IE?IDKAC?IO?REB@A?DC?WCKC?WI?>UC?QULMEPCGJ@S
AC>{MEC_?xy?WI?OCAG@?WI?vwwww?v@?WC?DWIQIDWDPEC?I?
vvv eniekg~hcqi
7a7e7eae
14124052

2 4412
012435214152

462142642
4130532152
4321452
5242

462
4042
052245244
@

>KI?KIK@?DJ@?>UL>KEKUE?@?QULMEPCW@?D@?SXSS?WI?xzSySvwww


aYeYf62 Z6]\b__`6aY6]_6aY62 f6aY6bggg\
IBUMCOIDKC?C?IE?D@?wSw_?WI?xy?WI?OCAG@?WI?vwww_?[UI?
ncbgkebf~okeierihcpqifenkegkbbfibelroncqibenkencokcmfegocinfe
bkdepjbehrqoimcfbeqfdfeoijcikbeniefqckninkecchenke
jmkokbbke|~hcqfecjbmcmrcekencbqcghcjiefe8kodfenke|ioqkociekense
@UKAC>?QA@REWDPEC>
666666
66f?7eY51aY2Y6a36eY789
13_?D@?U>@?WC>?CKAELUEGHI>?
rkehkeqfjkokefeiomezecjqcbfbeekeeniefjbmcmrcf
aYeY3
=AKS?v@eeegkncnfenkerihcpqifeqfdfeoijcifenie
fqckninkecchenkejmkokbbke|~hcqfebkosencoccnfegkhiegkbbfie
lroncqienkencokcmfegocinfebkdepjbehrqoimcfberkegokkjqiefbe
AI[UE>EK@>?W@>?CAK>S?v@_?x@_?y@?I?z@?WC?IE?D@wSw_?WI?xy?WI?OCAG@?
WI?vwww_?C@? EDE>KYAE@?WC?U>KEGC?Q@A?OIE@?W@?QAIIDPNEOIDK@?
WI?AI[UIAEOIDK@?I>PAEK@?I?CQAI>IDKCGJ@?WI?P`QEC?CUKIDKEPCWC?W@>?
>IBUEDKI>?W@PUOIDK@>u
eeekbmimrmfeokcbmoinfekdeiom6ocf
??\?CKC?WI?IMIEGJ@?WI?>UC?CKUCM?WEAIK@AECw
??\?LCMCDG@?QCKAEO@DECM?I?WIO@D>KACGJ@?W@?AI>UMKCW@?W@?
IIAP{PE@w
?v?\?WIPMCACGJ@?WI?E>IDGJ@?W@?EOQ@>K@?WI?AIDWCw?I
eeecjbqocfejfeinibmofekoihenkefjmoc~rcjmkbinibmofe
7iqcfjihenie|kbbfieroncqie7|
?
=AKS?x@eeeokbgfjbskhegkhiefrmfoienierihcpqifenkkose
kocpqioeieinkrifenfbenfqrdkjmfbeqcminfbejfeiomcfeijmkocfoe
P@O?@?WE>Q@>K@?D@>?CAK>S?x@_?y@?I?z@?WC?IE?D@?wSw_?WI?vwww_?
WIRIDW@?@L>IARCAu
eebkeiekjmcninkemkdepjihcninkegkomkjqkjmkeehcbmienfe
CAKS?y@?WC[UIMC?IEw
eebkeiekjmcninkekbmsekqhrnienierihcpqifenkeiqfonfeqfde
@?CAKS?x@?WC[UIMC?IEw
?\?>I?@?I>KCKUK@?@LIWIPI?C@>?AI[UE>EK@>?W@?CAKS?z@?WC[UIMC?IEw
v?\?DC?CKC?WI?IMIEGJ@?WC?WEAIK@AEC_?>I?Y?C?CUK@AEWCWI?P@OQIKIDKI?
rkekbmsebfhcqcmijnfeierihcpqif
v?\?>I?Z@E?CQAI>IDKCW@?@?LCMCDG@?QCKAEO@DECM?I?C?WIO@D>KACGJ@?
W@?AI>UMKCW@?W@?IIAP{PE@w
v?\?>I?C?IDKEWCWI?CQAI>IDK@U?C?WIPMCACGJ@?WI?E>IDGJ@?W@?
EOQ@>K@?WI?AIDWC??TIPAIKCAEC?WC?IPIEKC?
IWIACMw?I
eebkefceigokbkjminfefe7|
?=AKS?y@??X? EDE>KYAE@?WC?U>KEGC_?CQ`>?@?AIPILEOIDK@?W@?
AI[UIAEOIDK@_?KIA]?@?QACF@?WI?KAEDKC?WEC>?QCAC?WIZIAEA?@U?DJ@?@?
gkncnfenkerihcpqifeimferkebkosegr~hcqinfejfecsocfepqcihenie
DEJ@?D@?QACF@?O]EO@?WI?[UEDFI?WEC>?WC?WIPE>J@S
e#e@??5@?PC>@?WI?WIZIAEOIDK@_?@? EDE>KYAE@?WC?U>KEGC?IOEKEA]_?
jfegoifenkercjkencibenienkqcbfefeqkomcpqinfenieokrkokjmke
qfdfeoijcifeniefqckninkecchenkejmkokbbke|~hcqf
e#e@??IRIAJ@?P@D>KCA?WC?QULMEPCGJ@?W@?EDWIZIAEOIDK@?C>?
ACFHI>?QIMC>?[UCE>?Z@E?WIDIBCW@?@?QIWEW@S
e#e@eeaegkbbfielroncqiebkdepjbehrqoimcfberkemckoebkregkncnfe
nkerihcpqifecjnkkocnfegfnkoseokigokbkjmshfeieeeeerihrkoe
KIOQ@S
?
=AKS?z@??tUCM[UIA?PEWCWJ@_?RIWCW@?@?CD@DEOCK@?I?AI>QIEKCWC>?
ibegokoofimcibenfe} cjcbm}ocfe|~hcqfenkbnkerkeidgioinfe
Q@A?IREWDPEC>?WI?IAA@?@U?ZACUWI_?Y?QCAKI?MIB{KEOC?QCAC?AI[UIAIA_?
lrncqcihefreindcjcbmoimcidkjmkeiegkonienierihcpqifeqfdfe
oijcifeniefqckninkecchenkejmkokbbke|~hcqf
4

|iosoifejcqfeeaegkonienierihcpqifeniobksedkncijmke
WIPE>J@?QA@ZIAEWC?IO?QA@PI>>@?CWOEDE>KACKER@_?ED>KCUACW@?D@?
 EDE>KYAE@?WC?U>KEGC_?WI?@Z{PE@?@U?C?QIWEW@?W@?EDKIAI>>CW@_?@U?
lrncqcihenkecjcqcimciegfgrhioefrenfe} cjcbm}ocfe|~hcqfejfbericbe
>IAJ@?C>>IBUACW@>?C?COQMC?WIZI>C?I?@?P@DKACWEK`AE@S
=AKS?@eerihrkoeihmkoifeniepjihcninkefrenfeokcdkenke
ZUDPE@DCOIDK@?WC?@ABCDEFCGJ@_?[UI?EOQME[UI?OUWCDGC?WC>?
qfjnckberkecjbmoroidebrierihcpqifenkkosebkoeqfdrjcqinie
ife} cjcbm}ocfenierbmcieiqfdgijinienkelrbmcpqimciebf~egkjienke
qijqkhidkjmfenierihcpqif
=AKS?@ee|ioiepjbenfeCAKS?y@?WC?IE?D@?wSw_?WI?vwww_?IDKIDWI\
>Iu
?\?P@O@?=>>E>KDPEC?T@PECM_?@?WI>IDR@MREOIDK@?WC>?CKEREWCWI>?
QAIRE>KC>?D@?CAKS?y@?WC?IE?XAB7DEPC?WC?=>>E>KDPEC?T@PECMw
eegfoegofdffeoimrcmieniebinkekeknrqifeiegokbmife
nkbmkbebkocfbeokihciniegkhieoijcifeniefqckninkecche
nkejmkokbbke|~hcqfedkncijmkepjijqcidkjmfeqfdebkrbego6gocfbe
AIPUA>@>S
#e@??5J@?>J@?P@D>EWIACW@>?AIPUA>@>?QA`QAE@>?C[UIMI>?BIACW@>?
QIMC?P@LACDGC?WI?>IAREG@>?WI?[UCM[UIA?QI>>@C?Z{>EPC?@U?VUA{WEPC_?@U?
@LKEW@>?IO?REAKUWI?WI?AIQC>>I?@U?CAAIPCWCGJ@?P@OQUM>`AECS
#e@??X?P@DWEPE@DCOIDK@?WC?QAI>KCGJ@?WI?>IAREG@?C@?
AIPILEOIDK@?WI?W@CGJ@_?P@DKACQCAKEWC?@U?I[UERCMIDKI?DJ@?Q@WI?>IA?
P@D>EWIACW@?P@O@?QA@O@GJ@?BACKUEKC?W@?>IAREG@S
=AKS?@??DKIDWI\>I?P@O@?LIDIZ{PE@>?@U?RCDKCBID>?QI>>@CE>_?
D@>?KIAO@>?W@?EDPE>@??W@?CAKS?z@?WC?IE?D@?wSw_?WI?vwww_?@>?
@LKEW@>u
?\?QIM@>?WEAEBIDKI>?WC?IDKEWCWI?I?>IU>?P DVUBI>_?P@OQCDNIEA@>?
kegiokjmkbeqfhimkoicbefreipjbeim}efemkoqkcofeoir
?\?QIMC>?QI>>@C>?VUA{WEPC>?WC>?[UCE>?@>?OIDPE@DCW@>?CPEOC?
>IVCO?P@DKA@MCW@AI>?@U?WIKIDNCO?OCE>?WI?WIF?Q@A?PIDK@?WC>?
QCAKEPEQCGHI>?>@PEIK]AEC>S
=AKS?@eekosepodinfekjmokefe|fnkoe|~hcqfekeibekjmcninkbe
rihcpqinibeqfdfeoijcikbeniefqckninkecchenkejmkokbbke
|~hcqfe8kodfenke|ioqkocienkbmcjinfeefodifenkejqrhfe
WI?P@@QIACGJ@?IDKAI?C>?QCAKI>_?QCAC?@?Z@OIDK@?I?C?IIPUGJ@?WC>?
imccninkbenkecjmkokbbkeg~hcqfegokcbmibejfeCAKS?y@?WC?IE?D@?wSw_?
WI?vwwwS
|iosoifejcqfeeeofekbmimihepodiosefe8kodfenke|ioqkocie
OIWECDKI?O@WIM@?QCWAJ@?QA`QAE@_?W@?[UCM?P@D>KCAJ@?@>?WEAIEK@>_?
C>?AI>Q@D>CLEMEWCWI>?I?C>?@LAEBCGHI>?WC>?QCAKI>?I?C>?PM]U>UMC>?
I>>IDPECE>?WI>PAEKC>?D@?iomee#e@_?WC?IE?D@?wSw_?WI?vwwwS
=AKS?w@??X?`ABJ@?I>KCKCM?AI>Q@D>]RIM?QIMC?PIMILACGJ@?W@?^IAO@?
nke|ioqkociekocpqiosegokcidkjmkeIWCGJ@?WCWC?QIM@?IPAIK@?D$?
"zenke
?\?C?RCMEWCWI?WC?PIAKEWJ@?WI?AIBUMCAEWCWI?IQIWEWC?QIM@?
 EDE>KYAE@?WC?U>KEGC_?DC?Z@AOC?W@?IBUMCOIDK@w?DPMU{W@?QIM@?
kqokmfeje"zenke
?\?@?AIBUMCA?ZUDPE@DCOIDK@?WC?XABCDEFCGJ@?WC?T@PEIWCWI?
cchenkejmkokbbke|~hcqfekeDPMU{W@?QIM@?IPAIK@?D$?S_?WI?

eefekkoqqcfegkhieoijcifeniefqckninkecchenke
jmkokbbke|~hcqfenkeimccninkbeokkokjmkbeedim}ocief~lkmfenfe
^IAO@?WI?CAPIAEiejfbehmcdfbemobeijfbeDPMU{W@?QIM@?IPAIK@?
je"zenke


=AKS?w@\=S???RIWCWC?C?PIMILACGJ@?WI?^IAO@?WI?CAPIAEC?P@O?
XABCDEikbeniefqckninkecchenkejmkokbbke|~hcqferkemkjide
IO?>UC>?AIMCGHI>?CDKIAE@AI>?P@O?C?DEJ@_?EDP@AAEW@?IO?QIM@?OID@>?
UOC?WC>?>IBUEDKI>?P@DWUKC>u?DPMU{W@?QIM@?IPAIK@?D$?S_?WI?

?\?@OE>>J@?D@?WIRIA?WI?QAI>KCA?P@DKC>w?DPMU{W@?QIM@?IPAIK@?
je"zenke
eenkbqrdgocdkjmfecjlrbmcpqinfenfef~lkmfenkeqfjjcfbe
P@DKACK@>?WI?AIQC>>I?@U?KIAO@>?WI?QCAPIAECw?DPMU{W@?QIM@?IPAIK@?
je"zenke
e e nkbcfe nke pjihcninke jie ighcqife nfbe okqrobfbe
KACD>ZIAEW@>w?jqhrnfegkhfekqokmfeje"zenke
v?\?@P@AADPEC?WI?WCD@?C@?A]AE@w?@U?DPMU{W@?QIM@?IPAIK@?
je"zenke
v?\?QA]KEPC?WI?@UKA@>?CK@>?EM{PEK@>?DC?IIPUGJ@?WI?P@DRDE@>_?
P@DKACK@>?WI?AIQC>>I?@U?KIAO@>?WI?QCAPIAECS?DPMU{W@?QIM@?IPAIK@?
je"zenke
=AKS?vS??CAC?IZIEK@>?WC?P@D>UMKC?OIDPE@DCWC?D@?iomee#e@_?
WC?IE?D@?wSw_?WI?vwww_?@?O@WIM@?C?[UI?>I?AIZIAI?@?QCA]BACZ@?
jcqfenfeiomez@enkkosebkoegokkjqcnfekeokdkmcnfeifefjbkhfenke
|fhmcqie|~hcqieqfdgkmkjmk
#e@eeaedijckbmifenfefjbkhfenke|fhmcqie|~hcqiebkose
qfjbcnkoiniegioieiemfdinienkenkqcbfepjihekdeokhifeife8kodfe
WI?CAPIAECS
#e@eeibfejfekcbmiefjbkhfenke|fhmcqie|~hcqieniesokienke
imrifeqfookbgfjnkjmkefe6ofekbmimihegioqkcofepqiencbgkjbinfe
WI?AICMEFCA?C?P@D>UMKC_?DJ@?Q@WIDW@?NCRIA?>UL>KEKUEGJ@?Q@A?@UKA@?
fjbkhf
#e@eeefjbkhfenke|fhmcqie|~hcqiemkosefegoifenkemocjmie
WEC>_?P@DKCW@?C?QCAKEA?WC?WCKC?WI?AIPILEOIDK@?WC?P@D>UMKC_?QCAC?>I?
OCDEZI>KCA?>@LAI?@?^IAO@?WI?CAPIAEC_?PCLIDW@?C@?`ABJ@?I>KCKCM?
okbgfjbskhekdehmcdiecjbmjqcieienkqcbfepjihebf~okeieqkhk~oife
W@?AI>QIPKER@?^IAO@?WI?CAPIAECS
#e@??X?IKACK@?W@?^IAO@?WI?CAPIAEC_?P@DZ@AOI?O@WIM@?
P@D>KCDKI?W@?=DI@??WI>KI?IPAIK@_?WIRIA]?>IA?QULMEPCW@?QIM@?
6ofekbmimihegioqkcofejfecsocfepqcihejfegoifedscdfenke
[UEDFI?WEC>?CQ`>?C?>UC?C>>EDCKUACS
=AKS?vvS??CAC?IZIEK@?W@?WE>Q@>K@?D@?CAKS?z$_?EDPE>@?v_?CM{DIC>?
P?I?W_?WC?IE?D@?wSw_?WI?vwww_?IDKIDWI\>I?Q@A?QAI>KCGJ@?WI?
P@DKC>?C?P@OQA@RCGJ@?WC?P@AAIKC?CQMEPCGJ@?W@>?AIPUA>@>?AIQC>>CW@>?
eoijcifeniefqckninkecchenkejmkokbbke|~hcqf
#e@??=>?QAI>KCGHI>?WI?P@DKC>?CDUCE>?>IAJ@?AICMEFCWC>?
>@LAI?C?K@KCMEWCWI?WC>?@QIACGHI>?QCKAEO@DECE>?I?AI>UMKCW@>?WC>?
oijcikbeniefqckninkecchenkejmkokbbke|~hcqf
#e@??=?QAI>KCGJ@?WI?P@DKC>?>IA]?ED>KAU{WC?P@O?@>?>IBUEDKI>?
W@PUOIDK@>u
?\?AIMCK`AE@?CDUCM?WI?IIPUGJ@?WI?CKEREWCWI>w
?\?WIO@D>KACGJ@?WI?AI>UMKCW@>?W@?IIAP{PE@w
?\?LCMCDG@?QCKAEO@DECMw
v?\?WIO@D>KACGJ@?WC>?@AEBID>?I?CQMEPCGHI>?WI?AIPUA>@>w
v?\?WIO@D>KACGJ@?WC>?OUKCGHI>?W@?QCKAEO DE@?>@PECMw
v?\?D@KC>?IQMEPCKERC>?WC>?WIO@D>KACGHI>?P@DK]LIE>_?PC>@?
DIPI>>]AE@w?I
v?\?QCAIPIA?I?AIMCK`AE@?WI?CUWEK@AEC?D@>?KIAO@>?W@?CAKS?vw?
WI>KI?IPAIK@_?>I?Z@A?@?PC>@S
4

=AKS?vxS??CAC?IZIEK@?W@?WE>Q@>K@?D@?#e@_?EDPE>@?v_?W@?CAKS?
v?WC?IE?D@?wSw_?WI?vwww_?IDKIDWI\>I?Q@A?QAI>KCGJ@?WI?P@DKC>?
AIMCKERC??IIPUGJ@?W@?^IAO@?WI?CAPIAEC?C?P@OQA@RCGJ@_?QIACDKI?
fe6ofekbmimihegioqkcofenieqfookmieighcqifenfbeokqrobfbeg~hcqfbe
AIPILEW@>?I?W@?CWEOQMIOIDK@?W@?@LVIK@?W@?^IAO@?WI?CAPIAEC_?
OIWECDKI?C?CQAI>IDKCGJ@?W@>?>IBUEDKI>?W@PUOIDK@>u
?\?AIMCK`AE@?>@LAI?C?IIPUGJ@?W@?@LVIK@?W@?^IAO@?WI?CAPIAEC_?
P@DKIDW@?P@OQCACKER@?IDKAI?C>?OIKC>?QA@Q@>KC>?I?@>?AI>UMKCW@>?
CMPCDGCW@>w
?\?WIO@D>KACKER@?EDKIBACM?WC?AIPIEKC?I?WI>QI>C?AICMEFCWC>?DC?
IIPUGJ@w
?\?QCAIPIA?I?AIMCK`AE@?WI?CUWEK@AEC_?D@>?PC>@>?QAIRE>K@>?D@?
CAKS?vww?I
eekjmokienfekmoimfeniekkqrfebcqiekepjijqkcoie
I>KCLIMIPEW@?D@?CAKS?vS
=AKS?vyS??X?^IAO@?WI?CAPIAEC?Q@WIA]?>IA?PIMILACW@?Q@A?QIA{@W@?
brgkocfoeifenfekkoqqcfepbqih
#e@eeibfekgcokeiecjqcienfe8kodfenke|ioqkociebkdefe
CWEOQMIOIDK@?K@KCM?W@?>IU?@LVIK@?QIM@?`ABJ@?QCAPIEA@?@U?NCRIDW@?
kqknkjmkbe pjijqkcofbe ncbgfjkcbe qfde ie oijcife nie
fqckninkecchenkejmkokbbke|~hcqfefeokkocnfe8kodfegfnkosebkoe
QA@AA@BCW@S
#e@??=>?WI>QI>C>?QAIRE>KC>?D@?^IAO@?WI?CAPIAEC?I?AICMEFCWC>?
D@?QIA{@W@?P@OQAIIDWEW@?IDKAI?C?WCKC?@AEBEDCM?WI?IDPIAACOIDK@?I?
C?Z@AOCMEFCGJ@?WI?D@RC?WCKC?WI?KYAOED@?>IAJ@?P@D>EWIACWC>?P@O@?
MIB{KEOC>_?WI>WI?[UI?P@LIAKC>?QIM@?AI>QIPKER@?IOQIDN@S
aomeeeaehc~koifenkeokqrobfbepjijqkcofbejkqkbbsocfbe
?IIPUGJ@?W@?^IAO@?WI?CAPIAEC?ZCA\>I\]?IO?P@DKC?LCDP]AEC?
kbgkqpqieiebkoei~komiekde~ijqfeiebkoecjncqinfegkhfe6ofekbmimihe
QCAPIEA@S
=AKS?vS??=?MELIACGJ@?WI?AIPUA>@>?QCAC?C?EOQMIOIDKCGJ@?W@?
^IAO@?WI?CAPIAEC?@LIWIPIA]?C@?AI>QIPKER@?PA@D@BACOC_?>CMR@?>I?
irmfociniebriehc~koifekdegioqkhiejcqi
=AKS?vS???Q@>>{RIM?C?REBDPEC?>EOUMK7DIC?WI?UO?@U?OCE>?
^IAO@>?WI?CAPIAEC_?CEDWC?[UI?P@O?@?OI>O@?`ABJ@?I>KCKCM_?WI?
CP@AW@?P@O?C?PCQCPEWCWI?@QIACPE@DCM?WC?XABCDEFCGJ@?WC?T@PEIWCWI?
cchenkejmkokbbke|~hcqf
aomeeeeiqfdgijidkjmfekeiepbqihcifegfoegiomkenfe
fjbkhfenke|fhmcqie|~hcqienkerkemoimiefeCAKS?vv?WC?IE?D@?wSw_?
WI?vwwwejfegfnkecjmofnrcoejkdecjnrcoedfncpqifenibe
@LAEBCGHI>?I>KCLIMIPEWC>?QIM@?^IAO@?WI?CAPIAEC?PIMILACW@S
#e@eekjmricbeokqfdkjnikbefrebrkbmkbenfefjbkhfe
>@LAI?@?CP@OQCDNCOIDK@?W@>?^IAO@>?WI?CAPIAEC?WIRIAJ@?
>IA?IDPCOEDNCWC>?C@?`ABJ@?I>KCKCM?QCAPIEA@_?QCAC?CW@GJ@?WI?
QA@REWDPEC>?[UI?IDKIDWIA?PCL{RIE>S
#e@eee6ofekbmimihegioqkcofecjfodioseifefjbkhfebf~oke
>UC>?CKEREWCWI>?WI?CP@OQCDNCOIDK@S
aomezeeekmoimfeniekkqrfebcqiekepjijqkcoieokkocnfe
D@?iomee#e@_?EDPE>@?v_?WC?IE?D@?wSw_?WI?vwww_?WIRIA]?>IA?
gokkjqcnfegkhieoijcifeniefqckninkecchenkejmkokbbke
|~hcqfekegr~hcqinfejiecdgokjbiefpqciheniesokienkei~oijjqcienfe
QA@VIK@_?D@?QACF@?O]EO@?WI?>I>>IDKC?WEC>?CQ`>?@?KYAOED@?WI?PCWC?
kkoqqcfepjijqkcofenkeiqfonfeqfdefedfnkhfeqfjbmijmkenfeajkfe
?WI>KI?IPAIK@S


aomeeeaeoijcifeniefqckninkecchenkejmkokbbke
|~hcqfeWIRIA]?AICMEFCA?CUWEK@AEC?EDWIQIDWIDKI?WC?CQMEPCGJ@?W@>?
AIPUA>@>?@LVIK@?W@?^IAO@?WI?CAPIAEC_?WI?CP@AW@?P@O?C?CM{DIC?
P_?EDPE>@?v_?W@?CAKS?z@?WC?IE?D@?wSw_?WI?vwww_?D@>?PC>@>?IO?
[UI?@?O@DKCDKI?WI?AIPUA>@>?Z@A?OCE@A?@U?EBUCM?C??S_?
bkcbqkjmfbedcheokicb
#e@??X?WE>Q@>K@?D@?PCQUK?CQMEPC\>I?KCOLYO?C@>?PC>@>?@DWI?
ieoijcifeniefqckninkecchenkejmkokbbke|~hcqfeqkhk~oke
P@DP@OEKCDKIOIDKI?R]AE@>?^IAO@>?WI?CAPIAEC?P@O?UO?@U?R]AE@>?
`ABJ@>?I>KCKCE>?I?PUVC?>@OC?UMKACQC>>I?C[UIMI?RCM@AS
#e@??=?CUWEK@AEC?EDWIQIDWIDKI?WIRIA]?>IA?AICMEFCWC?Q@A?
gkbbfiebcqiefrelroncqiei~chcminiegkhfbefjbkhfbekcfjicbenke
fjmi~chcnink
#e@??X>?WE>QDWE@>?WIP@AAIDKI>?W@>?>IAREG@>?WI?CUWEK@AEC?
EDWIQIDWIDKI?WIRIAJ@?>IA?EDPMU{W@>?D@?@AGCOIDK@?W@?QA@VIK@?P@O@?
EKIO?WI?WI>QI>CS
#e@ee7iecg6mkbkenfe#e@_?Q@WIAJ@?>IA?PIMILACW@>?CWEKER@>?QCAC?
IZIEK@?W@?WE>Q@>K@?D@?QCA]BACZ@?CDKIAE@AS

eejfbeqibfbenkekdkojqciefreqihidcninkeg~hcqierijnfe
PCACPKIAEFCWC?>EKUCGJ@?[UI?WIOCDWI?C?AICMEFCGJ@?@U?OCDUKIDGJ@?
WI?^IAO@?WI?CAPIAEC?QIM@?QACF@?O]EO@?WI?PIDK@?I?@EKIDKC?
WEC>?P@D>IPUKER@>?I?EDEDKIAAUQK@>_?P@DKCW@>?WC?@P@AADPEC?WC?
IOIABDPEC?@U?PCMCOEWCWI_?RIWCWC?C?QA@AA@BCGJ@?WC?REBDPEC?W@?
ED>KAUOIDK@w?jqhrnfegkhfekqokmfeje"zenke
?\?QCAC?C?AICMEFCGJ@?WI?QA@BACOC>?WI?QA@KIGJ@?C?QI>>@C>?
COICGCWC>?@U?IO?>EKUCGJ@?[UI?Q@>>C?P@OQA@OIKIA?>UC?>IBUACDGCw?
@U?jqhrnfegkhfekqokmfeje"zenke
?\?D@>?PC>@>?IO?[UI?@?QA@VIK@_?CKEREWCWI?@U?>IAREG@?@LVIK@?W@?
^IAO@?WI?CAPIAEC?V]?>IVC?AICMEFCW@?CWI[UCWCOIDKI?P@O?C?OI>OC?
IDKEWCWI?N]?QIM@?OID@>?PEDP@?CD@>?I?PUVC>?AI>QIPKERC>?QAI>KCGHI>?
WI?P@DKC>?KIDNCO?>EW@?WIREWCOIDKI?CQA@RCWC>S??DPMU{W@?QIM@?
kqokmfeje"zenke
#e@??D>KCUACW@?@?QA@PI>>@?WI?>IMIGJ@?Q@A?P@DPUA>@_?Y?RIWCW@?
ife|fnkoe|~hcqfeqkhk~oioe8kodfenke|ioqkociegioiefedkbdfef~lkmfe
Z@AC?W@?P@DPUA>@?EDEPECW@S?DPMU{W@?QIM@?IPAIK@?D$?S_?WI?

=AKS?xS??=?P@OE>>J@?WI?CRCMECGJ@?WI?[UI?KACKC?@?iomee#ee
WC?IE?D$?wSw_?WI?vwww_?WIRIA]?>IA?P@OQ@>KC?Q@A?W@E>?OIOLA@>?
W@?AI>QIPKER@?@WIA?IPUKER@_?UO?WC?XABCDEFCGJ@?WC?T@PEIWCWI?
cchenkejmkokbbke|~hcqfekerdedkd~ofecjncqinfegkhfefjbkhfe
nke|fhmcqie|~hcqieniesokienkeimrifeqfookbgfjnkjmkerijnfe
N@URIAS
|iosoifejcqfeefdgkmcoseeqfdcbbfenkeiihcife
O@DEK@ACA?C?IIPUGJ@?W@?^IAO@?WI?CAPIAECS

=AKS?xzS??CAC?C?AICMEFCGJ@?WI?P@DPUA>@_?@?`ABJ@?I>KCKCM?QCAPIEA@?
WIRIA]?QAIQCACA_?P@O?PMCAIFC_?@LVIKEREWCWI?I?WIKCMNCOIDK@_?C?
kbgkqcpqifem}qjcqienfe~kdenfegoflkmfenief~oiefrenfebkocfeie
>IA?@LKEW@?@U?AICMEFCW@?Q@A?OIE@?W@?^IAO@?WI?CAPIAECS

aomeeeaeoijcifeniefqckninkecchenkejmkokbbke
|~hcqfeiosegr~hcqioejiecdgokjbiefpqciheniejcfenfebminfefre
W@? UDEP{QE@_?D@?QACF@?O]EO@?WI?KAEDKC?WEC>_?P@DKCW@?C?QCAKEA?
WC?C>>EDCKUAC?W@?^IAO@?WI?CAPIAEC_?@?AIBUMCOIDK@?QA`QAE@?C?[UI?
>I?AIZIAI?@?CAKS?vz?WC?IE?D$?wSw_?WI?vwww_?AIOIKIDW@?P`QEC?QCAC?
P@DNIPEOIDK@?W@?`ABJ@?I>KCKCM?QCAPIEA@S
aomeee|ioiefbepjbenfbeCAK>S?vx?I?vy?WC?IE?D@?wSw_?WI?vwww_?
ieoijcifeniefqckninkecchenkejmkokbbke|~hcqfecjncqiose
QCAC?PCWC?^IAO@?WI?CAPIAEC_?QIM@?OID@>?UO?WEAEBIDKI_?[UI?>IA]?
AI>Q@D>]RIM?QIMC?L@C?CWOEDE>KACGJ@?W@>?AIPUA>@>?AIPILEW@>S
|iosoifejcqfeeejfdkenfencockjmkefrenfbencockjmkbe
EDWEPCW@>?>IA]?QULMEPCW@?D@?IKACK@?W@?^IAO@?WI?CAPIAECS
aomeeeaekbqfhienieoijcifeniefqckninkecchenke
jmkokbbke|~hcqfegioieieqkhk~oifenfe8kodfenke|ioqkocienkkose
>IA?ZIEKC?Q@A?OIE@?WI?QULMEPCGJ@?WI?IWEKCM?WI?P@DPUA>@>?WI?QA@VIK@>?
QIM@?`ABJ@?I>KCKCM?QCAPIEA@?QCAC?@LKIDGJ@?WI?LID>?I?>IAREG@>?I?QCAC?
C?AICMEFCGJ@?WI?CKEREWCWI>_?IRIDK@>_?P@D>UMK@AEC_?P@@QIACGJ@?KYPDEPC?
I?C>>I>>@AECS?knifeniniegkhfekqokmfeje"zenke
#e@??IRIA]?>IA?WCWC?QULMEPEWCWI?C@?P@DPUA>@?WI?QA@VIK@>_?
I>QIPECMOIDKI?Q@A?EDKIAOYWE@?WC?WERUMBCGJ@?DC?QAEOIEAC?Q]BEDC?W@?
bmcfefpqcihenfe6ofekbmimiheokbgfjbskhegkhfe8kodfenke|ioqkocie
~kdeqfdfejfe|fomihenfbefjjcfbeierkebkeokkokefeCAKS?vy?W@?
IPAIK@?D@?Sv_?WI?x?WI?VUMN@?WI?xS???DPMU{W@?QIM@?IPAIK@?
je"zenke
#e@??X?KEKUMCA?W@?`ABJ@?I>KCKCM?AI>Q@D>]RIM?QIM@?^IAO@?WI?
CAPIAEC?Q@WIA]_?OIWECDKI?WIPE>J@?ZUDWCOIDKCWC_?IPIQPE@DCA?C?
IEBDPEC?QAIRE>KC?D@?PCQUK?DC>?>IBUEDKI>?>EKUCGHI>u?DPMU{W@?QIM@?
kqokmfeje"zenke
44

=AKS?xS??@?IWEKCM?W@?P@DPUA>@?WIRIA]?P@D>KCA_?D@?O{DEO@_?
EDZ@AOCGHI>?>@LAIu
?\?QACF@>_?P@DWEGHI>?I?Z@AOC?WI?CQAI>IDKCGJ@?WC>?QA@Q@>KC>w
eekbgkqcpqikbem}qjcqibenfef~lkmfenfe8kodfenke|ioqkoci
?\?PAEKYAE@>?WI?>IMIGJ@?I?VUMBCOIDK@?WC>?QA@Q@>KC>w
v?\?WCKC>?QCAC?CQAI>IDKCGJ@?WI?QA@Q@>KC>w
v?\?M@PCM?WI?CQAI>IDKCGJ@?WI?QA@Q@>KC>w
v?\?WCKC>?W@?VUMBCOIDK@?I?WCKC?QA@R]RIM?WI?PIMILACGJ@?W@?
^IAO@?WI?CAPIAECw?I
v?\?RCM@A?O]EO@?C?>IA?WI>IOL@M>CW@S
aomeeeaeoijcifeniefqckninkecchenkejmkokbbke
|~hcqfenkkoseigokbkjmioebkregoflkmfem}qjcqfekefenkmihidkjmfenfbe
PU>K@>?C?>IAIO?AICMEFCW@>?DC?>UC?EOQMIOIDKCGJ@?C@?`ABJ@?I>KCKCM?
QCAPIEA@S
=AKS?xS??5C?>IMIGJ@?I?D@?VUMBCOIDK@?W@>?QA@VIK@>_?MIRCA\>I\J@?
IO?P@DKCu
?\?@?OYAEK@?EDKA{D>IP@?I?CWI[UCGJ@?C@?IWEKCM?W@?QA@VIK@?
CQAI>IDKCW@w
?\?C?PCQCPEWCWI?KYPDEPC?I?@QIACPE@DCM?WC?PCDWEWCKCw
?\?C?CWI[UCGJ@?IDKAI?@>?OIE@>?>UBIAEW@>_?>IU>?PU>K@>_?
PA@D@BACOC>?I?AI>UMKCW@>w
eefeilrbmidkjmfeniegofgfbmiebekbgkqcpqikbem}qjcqib
v?\?C?AIBUMCAEWCWI?VUA{WEPC?I?ED>KEKUPE@DCM?WC?XABCDEFCGJ@?WC?
fqckninkecchenkejmkokbbke|~hcqfek
eeieijshcbkenfbenfqrdkjmfbeokkocnfbejfeiomee#e@_?WI>KI?
IPAIK@S
aomezee~knkqcnfbeifbegocjqgcfbenieindcjcbmoifeg~hcqie
bfecjiqkcmskcbeqfdfeqocm}ocfenkebkhkfenkenkbrihcpqifefre
Q@DKUCGJ@u
eefehfqihenfenfdcqhcfenieoijcifeniefqckninkecche
nkejmkokbbke|~hcqfefreiekcjqcienkekgkocjqcienkemoi~ihfenie
@ABCDEFCGJ@?D@?M@PCM?WI?W@OEP{ME@?W@?`ABJ@?QCAPIEA@?I>KCKCMw

?\?C?@LAEBCK@AEIWCWI?WI?P@D>`APE@?@U?C>>@PECGJ@?P@O?IDKEWCWI>?>IWECWC>?DC?M@PCMEWCWI?@DWI?WIRIA]?>IA?PIMILACW@?@?^IAO@?WI?CAPIAECw
eefefhrdkenkeqfjmoigiomcniefrerihrkoefrmofe~kjkqcfefkokqcnfegkhieoijcifeniefqckninkecchenkejmkokbbke|~hcqf
aomeeeelrhidkjmfebkoseokihcinfebf~okefeqfjlrjmfenibegofgfbmibenibeoijcikbeniefqckninkecchenkejmkokbbke|~hcqfejfe
>IDW@?CPIEK@>?P@O@?PAEKYAE@>?WI?VUMBCOIDK@?@>?C>QIPK@>?VUA{WEP@>_?CWOEDE>KACKER@>_?KYPDEP@>?@U?@QIACPE@DCE>?DJ@?I>KEQUMCW@>?D@?IWEKCM?W@?
P@DPUA>@S
=AKS?yS??X?`ABJ@?I>KCKCM?QCAPIEA@?WI>EBDCA]?C?P@OE>>J@?VUMBCW@AC?W@?P@DPUA>@_?[UI?>IA]?P@OQ@>KC_?D@?O{DEO@_?Q@A?UO?OIOLA@?W@?@WIA?
kqrmcferdekbgkqcihcbmiejfemkdienfeqfjqrobfekerdedkd~ofenfefjbkhfenke|fhmcqie|~hcqieniesokienkeqfdgkmjqcierijnfefrko
#e@??X?KACLCMN@?WI>>C?P@OE>>J@?DJ@?>IA]?AIOUDIACW@S
#e@??X?`ABJ@?I>KCKCM?WIRIA]?ED>KAUEA?C?P@OE>>J@?VUMBCW@AC?>@LAI?C?Q@DKUCGJ@?QIAKEDIDKI?C?PCWC?EKIO?WC?QA@Q@>KC?@U?QA@VIK@?I?FIMCA]?QCAC?
rkeiecnkjmcpqifeniefoijcifegofgfjkjmkebkliefdcmcni
#e@??=?P@OE>>J@?Q@WI?>@MEPEKCA?C@?`ABJ@?I>KCKCM?QCAPIEA@?EDZ@AOCGHI>?CWEPE@DCE>?>@LAI?@>?QA@VIK@>S
#e@eeaeqfdcbbfeqhibbcpqioseibegofgfbmibenibeoijcikbeniefqckninkecchenkejmkokbbke|~hcqfef~knkqcnfbeifbeqocm}ocfbekbmi~khkqcnfbe
DI>KI?IPAIK@?I?D@?IWEKCMS
aomeeeag6befelrhidkjmfenkpjcmcfenibegofgfbmibeieqfdcbbfeigokbkjmiosejiegokbkjienfbeqfjqfookjmkbefbeokbrhminfbenkebkre
KACLCMN@_?EDWEPCDW@?@>?CQA@RCW@>S
#e@??X?`ABJ@?I>KCKCM?QCAPIEA@u
?\?DJ@?ICOEDCA]?AIPUA>@>?CWOEDE>KACKER@>?P@DKAC?C>?WIPE>HI>?WC?P@OE>>J@?VUMBCW@ACw
?\?DJ@?Q@WIA]?CDUMCA?@U?>U>QIDWIA?CWOEDE>KACKERCOIDKI?@?AI>UMKCW@?W@?P@DPUA>@?DIO?PIMILACA?@UKA@>?^IAO@>?WI?CAPIAEC_?P@O?@?OI>O@?
f~lkmfebkdeijmkbepjihcioefegofqkbbfecjcqcinfegkhfeqfjqrobf
#e@eeag6befeijjqcfeg~hcqfenfeokbrhminfenfeqfjqrobfefe6ofekbmimihegioqkcofefefdfhfiosebkjnfecdkncimieieqkhk~oifenfbe8kodfbe
nke|ioqkociegkhiefonkdenkeqhibbcpqifenfbeigofinfb
=AKS?yv\=S??X?^IAO@?WI?CAPIAEC?WIRIA]?>IA?C>>EDCW@?QIM@?KEKUMCA?W@?`ABJ@?I>KCKCM?AI>Q@D>]RIM?Q@A?>UC?PIMILACGJ@_?RIWCWC?C?WIMIBCGJ@?WI?
qfdgkmjqciegioiekbbkepdejqhrnfegkhfekqokmfeje"zenke
=AKS?yv\S??=>?IEBDPEC>?QAIRE>KC>?D@?EDPE>@??W@?on?W@?CAKS?w@ekejfeiomeejfebkeighcqideifbemkodfbenkegioqkociepodinfbegkhfe
} cjcbm}ocfenieinkefhminfbeifefdkjmfekeeokihcifenkebkocfbenkebinkecjmkoijmkbenfecbmkdiejcqfenkeinkeeeeeeeeDPMU{W@?
gkhfekqokmfeje"zenke?
=AKS?yxS??X? EDE>KA@?WI?>KCW@?WC?U>KEGC?LCECA]?Q@AKCAEC?D@?QACF@?WI?[UEDFI?WEC>_?C?QCAKEA?WC?QULMEPCGJ@?WI>KI?IPAIK@_?AIBUMCOIDKCDW@?
fbegofqkncdkjmfbegioieierihcpqif
=AKS?yyS??>KI?IPAIK@?IDKAC?IO?REB@A?DC?WCKC?WI?>UC?QULMEPCGJ@S
AC>{MEC_?y?WI?VUDN@?WI?vwwww?v$?WC?DWIQIDWDPEC?I?vvv$eniekg~hcqi
7a7e7ea

46288152 401522004

2
41
052245244
>KI?KIK@?DJ@?>UL>KEKUE?@?QULMEPCW@?D@?X?WI?v$SSvwww?I?AIQULMEPCW@?D@?X?WI?vySSvwww
?32Yf61
7fdkenfeofe|~hcqf
SSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSS
KACK@?WI?^IAO@?WI?CAPIAEC
rbmfenfe|oflkmfe
@PCM?WI?ICMEFCGJ@?W@?A@VIK@u?SSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSS
CKC?WI?C>>EDCKUAC?W@?^u?SSSSSSSSSSSSSSSSS?D{PE@?W@?A@VIK@u?S?SSSSSSSSSSSSSSSSSS?^YAOED@u?SSSSSSSSSSSSSSSSSSS
~lkmfenfe8kodfenke|ioqkocienkbqocfebrqcjmienfegoflkmf

7fdkenie|e
SSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSS
DWIAIG@u?SSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSS
SSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSS
cninkeeee|e
^IMSu?SSSSSSSSSSSSSSSSSSSSSSSSSSSSSSS?
Cu?SSSSSSSSSSSSSSSSSSSSSSSSSSSS?\OCEMu?SSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSS
5@OI?W@?AI>Q@D>]RIM?QIM@?QA@VIK@u?SSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSS
iofeerjfe
32Yf611
7fdkenfeofe|~hcqf
SSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSS
KACK@?WI?IMCK`AE@?WI?IPUGJ@?
{>EPC?I?
EDCDPIEAC?WI?^IAO@?WI?CAPIAEC
rbmfenfegoflkmfe
@PCM?WI?AICMEFCGJ@?W@?QA@VIK@u?SSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSS
CKC?WI?C>>EDCKUAC?W@?^u?SSSSSSSSSSSSSSSSSSSSS?D{PE@?W@?QA@VIK@u?SSSSSSSSSSSSSSSSSSSSS?^YAOED@?u?SSSSSSSSSSSSSSSSSSSSS
XLVIKER@>?W@?QA@VIK@u
?
I>UMKCW@>?CMPCDGCW@>u
?
rbmfbenkedghkdkjmifenfe|oflkmf
imkfocibenkenkbgkbie|okcbmf?ICMEFCW@?EZIAIDGC
SSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSS?SSSSSSSSSSSSSSSSSSSSSSSSS?SSSSSSSSSSSSSSSSSSSSSSSSS?SSSSSSSSSSSSSSSSSSSSSSSSS
SSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSS?SSSSSSSSSSSSSSSSSSSSSSSSS?SSSSSSSSSSSSSSSSSSSSSSSSS?SSSSSSSSSSSSSSSSSSSSSSSSS
SSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSS?SSSSSSSSSSSSSSSSSSSSSSSSS?SSSSSSSSSSSSSSSSSSSSSSSSS?SSSSSSSSSSSSSSSSSSSSSSSSS
SSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSS?SSSSSSSSSSSSSSSSSSSSSSSSS?SSSSSSSSSSSSSSSSSSSSSSSSS?SSSSSSSSSSSSSSSSSSSSSSSSS
^X^=Tu?SSSSSSSSSSSSSSSSSSSSSSSSS?SSSSSSSSSSSSSSSSSSSSSSSSS?SSSSSSSSSSSSSSSSSSSSSSSSS
7fdkenie|e
DWIAIG@u?SSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSS
cninkeeee|e
^IMSu?SSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSS?
Cu?SSSSSSSSSSSSSSSSSSSSSSSSSSSSSS?\OCEMu?SSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSS
5@OI?W@?AI>Q@D>]RIM?QIM@?QA@VIK@u?SSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSS
iofeerjfe

Y162 Z6b_\^^`6aY6bg6aY6

f6aY6^__^\
cbgkebf~okefeinibmofejfodimcfenfbeqo}ncmfbejfercminfbenke6ofbekekjmcninkbeknkoicbekensefrmoibegofcnjqcib
f67eY51aY2Y6a36eY789
13eifebi~koerkefefjokbbfe7iqcfjihenkqokmiekekrebijqcfjfeiebkrcjmkekc
S?v@eeinibmofejfodimcfenkeqo}ncmfbejfercminfbenfebkmfoeg~hcqfeknkoiheincjegibbieiebkoeokrhinfegfoekbmiekc
=AKS?x@?X?incjeqfjmkoseokhifenibegkbbfibebcqibekelroncqiberk9
eebklideokbgfjbskcbegfoef~ocikbegkqrjcsocibekjqcnibekejfegiibegioieqfde6ofbekekjmcninkbenieandcjcbmoife|~hcqieknkoihe
WEAIKC?I?EDWEAIKCw
?\?I>KIVCO?P@O?C?ED>PAEGJ@?D@>?PCWC>KA@>?EDWEPCW@>_?W@? EDE>KYAE@?WC?
CFIDWC_?IO?UOC?WC>?>IBUEDKI>?>EKUCGHI>u
ieqijqkhiniejfeinibmofenke|kbbfibebcqibee|eknifeniniegkhiekcejeenke
~enkqhioiniecjigmiegkoijmkefeinibmofekoihenkefjmoc~rcjmkbee


#e@?X>?`ABJ@>?I?C>?IDKEWCWI>?C?[UI?>I?AIZIAI?@?EDPE>@??
QA@PIWIAJ@_?>IBUDW@?D@AOC>?QA`QAEC>?I?>@L?>UC?IPMU>ERC?
AI>Q@D>CLEMEWCWI_?>?EDPMU>HI>?D@?incjenkegkbbfibebcqibefre
VUA{WEPC>?[UI?>I?ID[UCWAIO?DC>?NEQ`KI>I>?QAIRE>KC>?DI>KI?CAKEB@S
#e@?=?EDPMU>J@?D@?incjeiobkse"ebkmkjmiekeqcjqfencibe
CQ`>?C?P@OUDEPCGJ@?C@?WIRIW@A?WC?IE>KDPEC?W@?WYLEK@?QC>>{RIM?WI?
cjbqocfejirkhkeinibmofefojkqkjnfbkemfnibeibecjfodikbe
QIAKEDIDKI>?C@?WYLEK@S
#e@?^ACKCDW@\>I?WI?P@OUDEPCGJ@?IQIWEWC?Q@A?REC?Q@>KCM?
fremkhkospqiegioiefekjnkokfecjncqinfejfecjbmordkjmferkenkre
fockdeifen}~cmfeqfjbcnkoiobksekjmokrkeig6be"ercjkencibe
WC?AI>QIPKERC?IQIWEGJ@S
#e@eeaejfmcpqifekgkncniegkhiekqokmiocieniekqkcmieknkoihe
W@?AC>EM_?QIMC?A@PUACW@AEC\IACM?WC?
CFIDWC?5CPE@DCM?@U?QIMC?
A@PUACW@AEC\IACM?
IWIACM_?WCDW@?P@DNIPEOIDK@?C@?WIRIW@A?WC?
IE>KDPEC?W@?WYLEK@?@U?WC?>UC?ED>PAEGJ@?IO?{REWC?=KERC?CKIDWIA]?
ifencbgfbmfejfe#e@?WI>KI?CAKEB@S?IWCGJ@?WCWC?QIMC?IE?D$?vvSwzv_?
nke
#e"@efdgofinfemkoebcnfeokrhiocinieiebcmriferkenkre
PCU>C??EDPMU>J@?D@?incjefe6ofefreiekjmcninkeokbgfjbskhegkhfe
okcbmofegofqknkosejfegoifenke"eqcjqfencibemkcbeeokbgkqmcie
LCECS
#e@?5C?EOQ@>>ELEMEWCWI?WI?C?LCEC?>IA?IZIKUCWC?D@?QACF@?
cjncqinfejfe#e"@_?@?`ABJ@?@U?C?IDKEWCWI?PAIW@AC?Z@ADIPIA]?C?
PIAKEWJ@?WI?AIBUMCAEWCWI?W@?WYLEK@_?PC>@?DJ@?NCVC?@UKA@>?QIDWIDKI>?
WI?AIBUMCAEFCGJ@S
#e@?=?EDPMU>J@?D@?incjebkdeiekgkncfenieqfdrjcqife
freniejfmcpqifenkerkemoimidefbe##e@?I?z@_?@U?C?DJ@?IPMU>J@_?
jibeqfjnckbekejfegoifegokcbmfbejfe#e"@_?>UVIEKCA]?@?AI>Q@D>]RIM?
>?QIDCMEWCWI>?P@OEDCWC>?QIMC?IE?D@?Svvx_?WI?vv?WI?WIFIOLA@?
WI?vww_?I?QIM@?IPAIK@\IE?D@?Szx_?WI?v@?WI?OCE@?WI?vwzy?
fjbfhcnifenibekcbenfe8oi~ihfS
#ez@?X?WE>Q@>K@?DI>KI?CAKEB@?DJ@?>I?CQMEPC?C@>?WYLEK@>?AIZIAIDKI>?
iegokfbenkebkocfbeg~hcqfbefreiefgkoikbepjijqkcoiberkejfe
IDR@MRCO?AIPUA>@>?@AGCOIDK]AE@>S
=AKS?y@?=>?EDZ@AOCGHI>?Z@ADIPEWC>?QIM@>?`ABJ@>?I?IDKEWCWI>?
EDKIBACDKI>? W@? incje bkofe qkjmoihcinibe jfe cbmkdie nke
jfodikbenfeijqfekjmoihenfeoibcheecb~iqkjeqi~kjnfee
TIPAIKCAEC?W@?^I>@UA@?5CPE@DCM?IQIWEA?@AEIDKCGHI>?WI?DCKUAIFC?
D@AOCKERC_?EDPMU>ERI?[UCDK@?C@?WE>PEQMEDCOIDK@?WC>?AI>QIPKERC>?
EDPMU>HI>?I?IPMU>HI>S
|iosoifejcqfeabegkbbfibebcqibekelroncqibecjqhrnibejfe
incjemkofeiqkbbfebecjfodikbeiekhibeokkokjmkbencokmidkjmke
VUDK@?C@?`ABJ@?@U?IDKEWCWI?AI>Q@D>]RIM?QIM@?AIBE>KA@_?@U_?OIWECDKI?
CUK@AEFCGJ@_?Q@A?EDKIAOYWE@?WI?[UCM[UIA?@UKA@?`ABJ@?@U?IDKEWCWI?
cjmkoijmkenfeincj
=AKS?z@?=?EDIE>KDPEC?WI?AIBE>KA@?D@?incj?DJ@?EOQMEPC?
AIP@DNIPEOIDK@? WI? AIBUMCAEWCWI? WI? >EKUCGJ@_? DIO? IMEWI? C?
CQAI>IDKCGJ@?W@>?W@PUOIDK@>?IEBEW@>?IO?MIE_?WIPAIK@?@U?WIOCE>?
CK@>?D@AOCKER@>S
#e@?5@?PC>@?WI?@QIACGHI>?WI?PAYWEK@?P@DKACKCWC>?Q@A?
cjbmcmrckbepjijqkcoibejfed~cmfenkegofoidibefpqcicbenke
CQ@E@??OEPA@IOQAI>C?I?kdgokbienkegkrkjfegfomkepqideibe
drmriocibejfeqibfenkejfekbmiokdecjbqocmibejfeincjencbgkjbinibe
WC?CQAI>IDKCGJ@_?EDPMU>ERI?C@>?PCAK`AE@>_?[UCDW@?W@?AIBE>KA@?W@>?
ED>KAUOIDK@>?WI?PAYWEK@?I?AI>QIPKERC>?BCACDKEC>_?WI?[UCE>[UIA?
PIAKEWHI>?IEBEWC>?IO?MIE_?WIPAIK@?@U?WIOCE>?CK@>?D@AOCKER@>_?
P@OQA@LCK`AEC>?WC?[UEKCGJ@?WI?[UCE>[UIA?KAELUK@>?I?P@DKAELUEGHI>?
ZIWIACE>S
4

#e@eencbgfbmfejfe#e@?CQMEPC\>I?KCOLYO?C@>?OEDE?I?QI[UID@>?
QA@WUK@AI>?AUACE>?I?C@>?CBAEPUMK@AI>?ZCOEMECAI>S
=AKS?@?X?incjeqfjmkoseibebkrcjmkbecjfodikb
eejfdkekejdkofenkecjbqocfejfeinibmofekoihenke
fjmoc~rcjmkbeeefrejfeinibmofenke|kbbfibebcqibee|enfe
AI>Q@D>]RIM?QIMC>?@LAEBCGHI>?WI?[UI?KACKC?@?CAKS?x@_?EDPE>@?w
eejfdkekefrmofbeninfbecnkjmcpqinfokbenibegkbbfibelroncqibe
@U?Z{>EPC>?[UI?I>KIVCO?DC?>EKUCGJ@?QAIRE>KC?D@?CAKS?x@_?EDPE>@?_?
cjqhrbckeiecjncqifenfejdkofeniecjbqocfebrbgkjbiefre
PCDPIMCWCw
eejfdkekejdkofenkecjbqocfejfeinibmofekoihenke
fjmoc~rcjmkbeeekjnkokfekemkhkfjkenfeokbgkqmcfeqoknfoefre
W@?`ABJ@?AI>Q@D>]RIM?QIMC?EDPMU>J@w
v?\?WCKC?W@?AIBE>KA@S
|iosoifejcqfeinie6ofefrekjmcninkeierkebkeokkokefe
EDPE>@??W@?CAKS?x@?OCDKIA]_?>@L?>UC?AI>Q@D>CLEMEWCWI_?PCWC>KA@?
P@DKIDW@?EDZ@AOCGHI>?WIKCMNCWC>?>@LAI?C>?@QIACGHI>?@U?>EKUCGHI>?
[UI?KIDNCO?AIBE>KACW@?D@?incjecjqhrbckegioieimkjnkoeiferke
ncbgkefegiosoifejcqfenfeiome@S
=AKS?@??@LAEBCK`AEC?C?P@D>UMKC?QAYREC?C@?incjegkhfbe6ofbe
kekjmcninkbenieandcjcbmoife|~hcqieknkoihencokmiekecjncokmie
QCACu
?\?AICMEFCGJ@?WI?@QIACGHI>?WI?PAYWEK@?[UI?IDR@MRCO?C?
rmchcifenkeokqrobfbeg~hcqfb
eeqfjqkbbfenkecjqkjmcfbepbqicbekepjijqkcofb
?\?PIMILACGJ@?WI?P@DRDE@>_?CP@AW@>_?CVU>KI>?@U?P@DKACK@>?
rkekjfhidenkbkd~fhbfeierihrkoemmrhfenkeokqrobfbeg~hcqfbe
I?AI>QIPKER@>?CWEKCOIDK@>S
|iosoifejcqfeencbgfbmfejkbmkeiomcfejfebkeighcqi
?\??P@DPI>>J@?WI?CU{ME@>?C? UDEP{QE@>?CKEDBEW@>?Q@A?
qihidcninkeg~hcqieokqfjkqcniegkhfefkojfeknkoih
?\?>?@QIACGHI>?WI>KEDCWC>??P@OQ@>EGJ@?I?AIBUMCAEFCGJ@?W@>?
qo}ncmfbekef~ocikbef~lkmfenkeokcbmofejfeincjebkdenkbkd~fhbfe
WI?AIPUA>@>?Q@A?QCAKI?W@?`ABJ@?@U?IDKEWCWI?PAIW@ACw
?\?>?@QIACGHI>?AIMCKERC>?C@?PAYWEK@?IWUPCKER@?I?C@?QIDN@A?
PEREM?WI?LID>?WI?U>@?QI>>@CM?@U?W@OY>KEP@S
=AKS?@?TIA]?>U>QID>@?@?AIBE>KA@?D@?incjerijnfefenkknfoe
P@OQA@RI?[UIu
?\?KIDNC?CVUEFCW@?CGJ@_?P@O?@?@LVIKER@?WI?WE>PUKEA?C?DCKUAIFC?
WC?@LAEBCGJ@?@U?@?>IU?RCM@A_?P@O?@?@ZIAIPEOIDK@?WI?BCACDKEC?EW DIC?
kebrpqckjmkeiferfejiefodieniehkc
?\?I>KIVC?>U>QID>C?C?IEBELEMEWCWI?W@?PAYWEK@?@LVIK@?W@?
AIBE>KA@_?D@>?KIAO@>?WC?MIES
=AKS?@?=?DJ@?f~bkojqcienfencbgfbmfejfe#e@?W@?CAKS?x@?I?D@>?
CAK>S?@?I?@?WI>KC?IE?>UVIEKC?@>?AI>Q@D>]RIE>?>?>CDGHI>?WC?IE?
D@?Svvx_?WI?vww_?I?W@?IPAIK@\IE?D@?Szx_?WI?vwzyS
=AKS?w@?
EPC?>U>QID>C_?CKY?yv?WI?WIFIOLA@?WI?vwww_?C?CQMEPCGJ@?
W@?WE>Q@>K@?D@?PCQUK?W@?CAKS?xx_?I?D@?bkre#e@_?W@?IPAIK@\IE?
D@?vz_?WI?y?WI?ZIRIAIEA@?WI?vw_?DC?AIWCGJ@?[UI?MNI>?WIACO?@?CAKS?
z@?W@?IPAIK@\IE?D@?vS_?WI?v?WI?VUMN@?WI?vww_?I?@?CAKS?v?W@?
IPAIK@\IE?D@?xSvy_?WI?vw?WI?>IKIOLA@?WI?vwzS
|iosoifejcqfee} cjcbmofenkebminfenieikjniekbmi~khkqkose
PA@D@BACOC_?QAE@AEWCWI>?I?P@DWEGHI>?QCAC?C?AIOI>>C_?>?UDEWCWI>?
WC?A@PUACW@AEC\IACM?WC?
CFIDWC?5CPE@DCM_?W@>?WYLEK@>?QC>>{RIE>?
WI?ED>PAEGJ@?IO?{REWC?=KERC?WC?DEJ@?I?P@LACDGC?VUWEPECMS


=AKS?vS?X>?WYLEK@>?WI?[UCM[UIA?DCKUAIFC?QCAC?P@O?C?
CFIDWC?
5CPE@DCM?Q@WIAJ@?>IA?QCAPIMCW@>?IO?CKY?>I>>IDKC?QCAPIMC>?OID>CE>_?
C?IPMU>ER@?PAEKYAE@?WC?CUK@AEWCWI?ZCFIDW]AEC_?DC?Z@AOC?I?P@DWEGHI>?
QAIRE>KC>?DI>KC?IESknifeniniegkhiekcejeenke
=AKS?vvS??X?QCAPIMCOIDK@?KIA]?>UC?Z@AOCMEFCGJ@?P@DWEPE@DCWC?
C@?QAYRE@?QCBCOIDK@?WC?QAEOIEAC?QAI>KCGJ@_?P@DZ@AOI?@?O@DKCDKI?
W@?WYLEK@?I?@?QACF@?>@MEPEKCW@_?@L>IARCW@?@?WE>Q@>K@?D@e#e@?W@?CAKS?
vy?WI>KC?IES?knifeniniegkhiekcejeenke
#e@?XL>IARCW@>?@>?MEOEKI>?I?C>?P@DWEGHI>?I>KCLIMIPEW@>?IO?
Q@AKCAEC?W@? EDE>KA@?WI?>KCW@?WC?
CFIDWC_?IO?>I?KACKCDW@?WI?
WYLEK@>?ED>PAEK@>?IO?{REWC?=KERC_?C?P@DPI>>J@?W@?QCAPIMCOIDK@?
pqieqfjncqcfjinieeigokbkjmifegkhfenkknfoenkeioijmcieokihe
frepnklrbb6ociecjqhrbckepijie~ijqsociecnjkiekebrpqckjmkegioie
@?QCBCOIDK@?W@?WYLEK@_?IPIK@?[UCDW@?>I?KACKCA?WI?OEPA@IOQAI>C>?
I?IOQAI>C>?WI?QI[UID@?Q@AKI?@QKCDKI>?QIMC?ED>PAEGJ@?D@?TE>KIOC?
jmkoinfenke|iidkjmfenkedgfbmfbekefjmoc~rckbenibe
 EPA@IOQAI>C>?I?WC>?OQAI>C>?WI?I[UID@?@AKI??TEOQMI>_?WI?
[UI?KACKC?C?IE?D@?wSyv_?WI??WI?WIFIOLA@?WI?vwwS
#e@ejrijmfejfenkkocnfefegkncnfefenkknfoepqief~ocinfe
C?AIP@MNIA_?C?PCWC?O>_?P@O@?CDKIPEQCGJ@_?RCM@A?P@AAI>Q@DWIDKI?C?
UOC?QCAPIMCS
#e@?X?DJ@?PUOQAEOIDK@?W@?WE>Q@>K@?DI>KI?CAKEB@?EOQMEPCA]?@?
EDWIZIAEOIDK@?W@?QIWEW@S
eeeeeeee#e@eekfinfeIWCGJ@?WCWC?QIMC?IE?D$?vvSwzv_?WI?

eeeeeeee#e"@eekfinfeIWCGJ@?WCWC?QIMC?IE?D$?vvSwzv_?WI?

eeeeeeee#e@eekfinfeIWCGJ@?WCWC?QIMC?IE?D$?vvSwzv_?WI?

eeeeeeee#e@eekfinfeIWCGJ@?WCWC?QIMC?IE?D$?vvSwzv_?WI?

eeeeeeee#ez@eekfinfeIWCGJ@?WCWC?QIMC?IE?D$?vvSwzv_?WI?

eeeeeeee#e@eekfinfeIWCGJ@?WCWC?QIMC?IE?D$?vvSwzv_?WI?

aomeeeegkncnfenkegioqkhidkjmfenkkocnfeqfjbmcmrceqfjpbbfe
nkencniekecjbmordkjmfes~chekebrpqckjmkegioieiekcjqcienfe
PAYWEK@?KAELUK]AE@_?Q@WIDW@?C?ICKEWJ@?W@>?RCM@AI>?QCAPIMCW@>?>IA?
f~lkmfenkekocpqifeknifeniniegkhiekcejeenke
#e@eerdgocnibeibeqfjnckbekbmi~khkqcnibejfeiomeenkbmie
IE_?@?QCAPIMCOIDK@?>IA]u?cjqhrnfegkhiekcejeenke
??P@D>@MEWCW@?DC?WCKC?W@?QIWEW@w?I?EDPMU{W@?QIMC?IE?D$?
enke
? ? P@D>EWIACW@? CUK@OCKEPCOIDKI? WIZIAEW@? [UCDW@?
nkqfoocnfefegoifenkeejfkjmiencibeqfjminfenienimienfe
QIWEW@?WI?QCAPIMCOIDK@?>IO?[UI?C?
CFIDWC?5CPE@DCM?KIDNC?>I?
QA@DUDPECW@S??cjqhrnfegkhiekcejeenke
#e@eejrijmfejfenkkocnfefegkncnfefenkknfoepqief~ocinfe
C?AIP@MNIA_?C?PCWC?O>_?P@O@?CDKIPEQCGJ@_?RCM@A?P@AAI>Q@DWIDKI?C?
UOC?QCAPIMCS?cjqhrnfegkhiekcejeenke
?=AKS?vyS??X?RCM@A?WI?PCWC?QAI>KCGJ@?OID>CM_?Q@A?@PC>EJ@?W@?
QCBCOIDK@_?>IA]?CPAI>PEW@?WI?VUA@>?I[UERCMIDKI>??KCC?AIZIAIDPECM?
nfecbmkdiebgkqcihenkecrcnifekenkerbm6ncieeegioie
K{KUM@>?ZIWIACE>_?CPUOUMCWC?OID>CMOIDKI_?PCMPUMCW@>?C?QCAKEA?W@?
O>?>UL>I[UIDKI?C@?WC?P@D>@MEWCGJ@?CKY?@?O>?CDKIAE@A?C@?W@?
giidkjmfekenke erdegfoeqkjmfeokhimcidkjmkeifedbekderke
@?QCBCOIDK@?I>KERIA?>IDW@?IZIKUCW@S?IWCGJ@?WCWC?QIMC?IE?D$?
enke
4

#e@eeeihfoedjcdfenkeqiniegokbmifebkosepinfekde
CK@?P@DVUDK@?W@?TIPAIK]AE@?WC?IPIEKC?
IWIACM?W@?AC>EM?I?W@?
A@PUACW@A\IACM?WC?
CFIDWC?5CPE@DCMS?DPMU{W@?QIMC?IE?D$?
enke
#e@??5@?PC>@?WI?QCAPIMCOIDK@?WI?WYLEK@?ED>PAEK@?IO?{REWC?
=KERC?WC?DEJ@_?@?WIRIW@A?QCBCA]?PU>KC>_?IO@MUOIDK@>?I?WIOCE>?
IDPCAB@>?MIBCE>S?jqhrnfegkhiekcejeenke
=AKS?vy\=S??X?QCAPIMCOIDK@?W@>?WYLEK@>?WIP@AAIDKI>?WC>?
P@DKAELUEGHI>?>@PECE>?ED>KEKU{WC>?QIM@>?CAK>S?v$?I?x$?WC?IE?
fdghkdkjmioejeenkeenkelrjfenke_?>IA]?AI[UIAEW@?
gkoijmkeieicieqfjdcqieknkoiheighcqijnfbkhkefencbgfbmfe
jfeqigrmenfeiomeejfbeiombeekeejfe#e@?W@?CAKS?vy?I?D@>?CAK>S?
vz?I?vz\?WI>KC?IES?knifeniniegkhiekcejeenke
#e@??X?RCM@A?WC?QCAPIMC?>IA]?WIKIAOEDCW@?QIMC?WERE>J@?W@?
dfjmijmkenfen}~cmfeqfjbfhcninfegkhfejdkofenkegioqkhibeDPMU{W@?
gkhiekceje"enke
#e@ee|ioiepjbenfencbgfbmfejfe#e@?WI>KI?CAKEB@_?@?O@DKCDKI?W@?
WYLEK@?>IA]?CKUCMEFCW@?I?CPAI>PEW@?W@>?IDPCAB@>?QAIRE>K@>?DC?IE?
D@?Sy_?WI?vv?WI?OCE@?WI?vww_?I_?>I?Z@A?@?PC>@_?D@?IPAIK@\IE?
D@?vSx_?WI?xv?WI?@UKULA@?WI?vwwS?DPMU{W@?QIMC?IE?D$?vvSyz_?
nke
#e@??X? EDE>KA@?WI?>KCW@?WC?
CFIDWC?Q@WIA]_?D@>?MEOEKI>?
W@?WE>Q@>K@?DI>KI?CAKEB@_?WIMIBCA?P@OQIKDPEC?QCAC?AIBUMCOIDKCA?I?
CUK@AEFCA?@?QCAPIMCOIDK@?W@>?WYLEK@>?DJ@?ED>PAEK@>?IO?W{REWC?CKERC?
WC?DEJ@S?jqhrnfegkhiekceje"enke
#e@?=?P@DPI>>J@?W@?QCAPIMCOIDK@?W@>?WYLEK@>?C?[UI?>I?AIZIAI?I>KI?
CAKEB@?ED>PAEK@>?IO?W{REWC?CKERC?WC?DEJ@?P@OQIKI?QAERCKERCOIDKI?
?A@PUACW@AEC\IACM?WC?
CFIDWC?5CPE@DCMS?DPMU{W@?QIMC?IE?D$?
"enke
#e"@???RIWCW@?@?AIQCAPIMCOIDK@?WI?WYLEK@>?C?[UI?>I?
AIZIAI?@?PCQUK_?IPIK@?[UCDW@?ED>PAEK@>?IO?{REWC?=KERC?WC?
DEJ@S?jqhrnfegkhiekcejeenke
=AKS?vzS??RIWCWC?C?P@DPI>>J@?WI?QCAPIMCOIDK@?WI?WYLEK@>?
AIMCKER@>?Cu
??KAELUK@>?QC>>{RIE>?WI?AIKIDGJ@?DC?Z@DKI_?WI?WI>P@DK@?WI?
KIAPIEA@>?@U?WI?>UL\A@BCGJ@w?IWCGJ@?WCWC?QIMC?IE?D$?vvSwzv_?
nke
eedgfbmfebf~okegkoikbenkeo}ncmfed~cfekekrofeke
>@LAI?XQIACGHI>?AIMCKERC>?C?^{KUM@>?I?vCM@AI>? @LEME]AE@>??X
_?
AIKEW@?I?DJ@?AIP@MNEW@?C@?^I>@UA@?5CPE@DCMw
?\?RCM@AI>?AIPILEW@>?QIM@>?CBIDKI>?CAAIPCWCW@AI>?DJ@?
okqfhcnfbeifbeqfokbeg~hcqfb
v? ? KAELUK@>? WIREW@>? D@? AIBE>KA@? WC? IPMCACGJ@? WI?
OQ@AKCGJ@w?jqhrnfegkhiekcejeenke
eecjqkjmcfbepbqicbenkcnfbeiferjnfenkejkbmcdkjmfe
W@?5@AWI>KI??
5X_?
UDW@?WI?DRI>KEOIDK@?WC?=OCF DEC??

5= ?I?
UDW@?WI?IPUQIACGJ@?W@?>KCW@?W@?>Q{AEK@?TCDK@??

5Tw??jqhrnfegkhiekcejeenke
v??QCBCOIDK@?OID>CM?Q@A?I>KEOCKERC?W@?OQ@>K@?>@LAI?C?
kjnienie|kbbfieroncqiee|ekeniefjmoc~rcfefqcihebf~oke
ferqofercnfeeejiefodienfeCAKS?x@?WC?IE?D@?wSzy_?WI?
x?WI?WIFIOLA@?WI?vwww??jqhrnfegkhiekcejeenke
v??AIP@MNEOIDK@?OID>CM?@LAEBCK`AE@?WC?QI>>@C?Z{>EPC?
AIMCKER@?C?AIDWEOIDK@>?WI?[UI?KACKC?@?CAKS?@?WC?IE?D@?Svy_?WI?xx?
WI?WIFIOLA@?WI?vww??jqhrnfegkhiekcejeenke
v??KAELUK@?@U?@UKAC?ICGJ@?[UCM[UIA_?ID[UCDK@?DJ@?
EDKIBACMOIDKI?QCB@?QCAPIMCOIDK@?CDKIAE@A?AIMCKER@?C@?OI>O@?
KAELUK@?@U?ICGJ@_?>CMR@?DC>?NEQ`KI>I>?QAIRE>KC>?D@?CAKS?vz\=?WI>KC?
IEw?jqhrnfegkhiekcejeenke


??KAELUK@>?WIREW@>?Q@A?QI>>@C?VUA{WEPC?P@O?ZCMDPEC?
WIPAIKCWC?@U?Q@A?QI>>@C?Z{>EPC?P@O?ED>@MRDPEC?PEREM?WIPAIKCWCw?
I?jqhrnfegkhiekcejeenke
??PAYWEK@>?KAELUK]AE@>?WIREW@>?DC?Z@AOC?W@?CAKS?z@?WC?IE?
D@?vSwyv_?WI?x?WI?CB@>K@?WI?xz_?QIMC?EDP@AQ@ACW@AC?@QKCDKI?W@?
IBEOI?>QIPECM?^AELUK]AE@?W@?CKAEO DE@?WI?=ZIKCGJ@S?DPMU{W@?
gkhiekcejeenke
|iosoifejcqfeekfinfeIWCGJ@?WCWC?QIMC?IE?D$?
enke
=AKS?vz\=S??XL>IARCWC>?C>?P@DWEGHI>?QAIRE>KC>?DI>KI?CAKEB@_?>IA]?
CWOEKEW@?AIQCAPIMCOIDK@?WI?WYLEK@>?P@D>KCDKI>?WI?QCAPIMCOIDK@?
IO?CDWCOIDK@?@U?[UI?KIDNC?>EW@?AI>PEDWEW@S?DPMU{W@?QIMC?IE?D$?
enke
#e@??5@?AIQCAPIMCOIDK@?WI?[UI?KACKC?@?PCQUK?WI>KI?CAKEB@?
Q@WIAJ@?>IA?EDPMU{W@>?D@R@>?WYLEK@>S?DPMU{W@?QIMC?IE?D$?vvSwzv_?
nke
#e@??=?Z@AOCMEFCGJ@?W@?QIWEW@?WI?AIQCAPIMCOIDK@?QAIRE>K@?
jkbmkeiomcfepqieqfjncqcfjinieifeokqfhcdkjmfeniegocdkcoiegioqkhie
IO?RCM@A?P@AAI>Q@DWIDKI?Cu?jqhrnfegkhiekcejeenke
ee enkegfoeqkjmfenfemfmihenfben}~cmfbeqfjbfhcninfbe
@U?jqhrnfegkhiekcejeenke
ee ecjmkegfoeqkjmfenfemfmihenfben}~cmfbeqfjbfhcninfbe
PC>@?NCVC?WYLEK@?P@O?NE>K`AEP@?WI?AIQCAPIMCOIDK@?CDKIAE@AS?DPMU{W@?
gkhiekcejeenke
#e@??= QMEPCO\>I?>UL>EWECAECOIDKI?C@>?QIWEW@>?WI?[UI?KACKC?I>KI?
CAKEB@?C>?WIOCE>?WE>Q@>EGHI>?AIMCKERC>?C@?QCAPIMCOIDK@?QAIRE>KC>?
DI>KC?IES?jqhrnfegkhiekcejeenke
=AKS?vz\S??OQMEPCA]?EOIWECKC?AI>PE>J@?W@?QCAPIMCOIDK@?
I?AIOI>>C?W@?WYLEK@?QCAC?ED>PAEGJ@?IO?{REWC?=KERC?WC?DEJ@?
@U?QA@>>IBUEOIDK@?WC?IIPUGJ@_?P@DZ@AOI?@?PC>@_?C?ZCMKC?WI?
QCBCOIDK@u?jqhrnfegkhiekcejeenke
eenkeemobegioqkhibeqfjbkqrmcibefrejfefreDPMU{W@?QIMC?
kcejeenke
eenkeerdiegioqkhiekbmijnfegiibemfnibeibenkdicbeDPMU{W@?
gkhiekcejeenke
aomeee|fnkosebkoeqfjqkncnfenkefqcfefreiegkncnfe
gioqkhidkjmfebcdghcpqinfecdgfomijnfefegiidkjmfeniegocdkcoie
gokbmifekdeqfjpbbfenkencniekecjbmordkjmfes~chekebrpqckjmke
QCAC?C?IEBDPEC?W@?PAYWEK@?KAELUK]AE@S?DPMU{W@?QIMC?IE?D$?vvSwzv_?
nke
|iosoifejcqfeeafegioqkhidkjmfenkerkemoimiefeqigrmenkbmke
CAKEB@?DJ@?>I?CQMEPCO?C>?RIWCGHI>?I>KCLIMIPEWC>?D@?CAKS?vz?WI>KC?
IES?jqhrnfegkhiekcejeenke
=AKS?vz\S??X>?QCAPIMCOIDK@>?P@DPIWEW@>?C?>KCW@>_?E>KAEK@?

IWIACM?@U? UDEP{QE@>?P@DKIAJ@?PM]U>UMC>?IO?[UI?I>KI>?CUK@AEFIO?
C?AIKIDGJ@?W@?
UDW@?WI?CAKEPEQCGJ@?W@>?>KCW@>??
?@U?W@?

UDW@?WI?CAKEPEQCGJ@?W@>? UDEP{QE@>??
 S??DPMU{W@?QIMC?IE?
jeenke
|iosoifejcqfe eihfoed kjbihenibef~ocikbegokcnkjqcsocibe
P@AAIDKI>_?QCAC?IZIEK@?WI>KI?CAKEB@_?>IA]?CQUACW@?P@O?LC>I?DC?
AI>QIPKERC?UEC?WI?IP@MNEOIDK@?W@?
UDW@?WI?CACDKEC?W@?^IOQ@?
WI?TIAREG@?I?WI?DZ@AOCGHI>??AIREWDPEC?T@PECM??
?@U_?D@?
PC>@?WI?>UC?DJ@\CQAI>IDKCGJ@?D@?QACF@?MIBCM_?I>KEOCW@_?UKEMEFCDW@\
bkeied}ncienibehmcdibeenfkeqfdgkmjqcibeokqfhcnibe
CDKIAE@AI>?C@?O>?WC?AIKIDGJ@?QAIRE>KC?D@?PCQUK?WI>KI?CAKEB@_?>IO?
QAIVU{F@?WC?P@LACDGC?@U?AI>KEKUEGJ@?@U?P@OQID>CGJ@?WI?IRIDKUCE>?
WEZIAIDGC>S?jqhrnfegkhiekcejeenke
4

=AKS?vz\S?? ID>CMOIDKI_?C?TIPAIKCAEC?WC?IPIEKC?
IWIACM?W@?
AC>EM?I?C?A@PUACW@AEC\IACM?WC?
CFIDWC?5CPE@DCM?WERUMBCAJ@_?
IO?>IU>?>{KE@>?DC?EDKIADIK_?WIO@D>KACKER@>?W@>?QCAPIMCOIDK@>?
P@DPIWEW@>?D@?7OLEK@?WI?>UC>?P@OQIKDPEC>S?DPMU{W@?QIMC?IE?D$?
enke
=AKS?vz\
S??=?TIPAIKCAEC?WC?IPIEKC?
IWIACM?W@?AC>EM?I?
C?A@PUACW@AEC\IACM?WC?
CFIDWC?5CPE@DCM_?D@?7OLEK@?WI?
>UC>?P@OQIKDPEC>_?IWEKCAJ@?CK@>?DIPI>>]AE@>??IIPUGJ@?W@?
QCAPIMCOIDK@?WI?[UI?KACKC?I>KC?IES?DPMU{W@?QIMC?IE?D$?vvSwzv_?
nke
=AKS?vS?XL>IARCW@>?@>?AI[UE>EK@>?I?C>?P@DWEGHI>?I>KCLIMIPEW@>?
DI>KC?IE_?@>?QCAPIMCOIDK@>?WI?WYLEK@>?RIDPEW@>?CKY?yv?WI?VUMN@?WI?
vww?Q@WIAJ@?>IA?IZIKUCW@>?IO?CKYu
eeejfkjmiekebkcbegokbmikbebkebfhcqcminfbeim}eenke
@UKULA@?WI?vwww
eeebkmkjmiekenribegokbmikbebkebfhcqcminfbeim}eenke
D@RIOLA@?WI?vwww
eeebkbbkjmiegokbmikbebkebfhcqcminfbeim}eenkenkkd~ofe
WI?vwwS
#e@?X?WE>Q@>K@?DI>KI?CAKEB@?CQMEPC\>I?C@>?WYLEK@>?WI?[UCM[UIA?
DCKUAIFC?QCAC?P@O?C?
CFIDWC?5CPE@DCM_?ED>PAEK@>?@U?DJ@?P@O@?
cniea mciedkbdfekdeibkenkekkqrfepbqihelseilrciniefrerke
KIDNCO?>EW@?@LVIK@?WI?QCAPIMCOIDK@?CDKIAE@A_?DJ@?EDKIBACMOIDKI?
[UEKCW@_?CEDWC?[UI?PCDPIMCW@?Q@A?ZCMKC?WI?QCBCOIDK@S
#e@?=?RIWCGJ@?WI?[UI?KACKC?@?CAKS?vz_?DC?NEQ`KI>I?C?[UI?>I?
AIZIAI?I>KI?CAKEB@_?DJ@?>I?CQMEPC?C?IDKEWCWI>?I>Q@AKERC>?I?IDKEWCWI>?
ibbcbmkjqcicbebkdepjbehrqoimcfb
#e@?=@?QCAPIMCOIDK@?QAIRE>K@?DI>KI?CAKEB@_?EDPMU>ERI?@>?
AI[UIAEW@>?I?V]?P@DPIWEW@>_?C?QCAKEA?WI?xw?WI?VUDN@?WI?vww_?
CQMEPCO\>I?@>?VUA@>?WI?[UI?KACKC?@?CAKS?vyS
#e@efjbmcmrceqfjncfegioiefenkkocdkjmfenfegkncnfe
WI?QCAPIMCOIDK@?I?>UC?OCDUKIDGJ@?C?EDIE>KDPEC?WI?WYLEK@>?
IO?>EKUCGJ@?EAAIBUMCA_?WI?KAELUK@>?I?P@DKAELUEGHI>?ZIWIACE>?WI?
AI>Q@D>CLEMEWCWI?W@?>UVIEK@?QC>>ER@_?RIDPEW@>?Q@>KIAE@AOIDKI?C?yv?
WI?WIFIOLA@?WI?vwwS
#e"@ee} cjcbmofenkebminfenieikjniepioseokrcbcmfbeke
P@DWEGHI>?I>QIPECE>?QCAC?@?QCAPIMCOIDK@?QAIRE>K@?D@?PCQUK2WI>KI?
CAKEB@S
=AKS?vS?X>?WYLEK@>?QCAC?P@O?C?
CFIDWC?5CPE@DCM_?WIP@AAIDKI>?
WI?CRCE>?I?@UKAC>?BCACDKEC>?N@DACWC>?IO?@QIACGHI>?IKIADC>?I?
cjmkojibekefbenkejimrokiepjijqkcoiemoijbkocnfbeejcfegfoefoie
niekmcjfenkekjmcninkbeg~hcqibeknkoicbekcbmkjmkbekdeenke
>IKIOLA@?WI?vww_?EDPMUEDW@?IRIDKUCE>?AIQCPKUCGHI>_?Q@WIAJ@?>IA?
gioqkhinfbeqfdegoifenkeim}eebkmkjmiekenfcbedkbkbenkbnkerke
@>?QIWEW@>?WI?QCAPIMCOIDK@?>IVCO?QA@K@P@MEFCW@>?CKY?v?WI?CLAEM?WI?
vww_?@LIWIPEW@>?C@>?AI[UE>EK@>?I?WIOCE>?P@DWEGHI>?I>KCLIMIPEW@>?
DI>KC?IES
#e@?X?>CMW@?WIRIW@A?WC?W{REWC?>IA]?CKUCMEFCW@?D@?QAEOIEA@?WEC?
mchenkeqiniedbenkeiqfonfeqfdeieiocifenie8iiekkokjqcihe
?^_?@P@AAEWC?D@?O>?CDKIAE@A_?CPAI>PEWC?WI?vx ?CSCS?W@FI?Q@A?
qkjmfeifeijfedicbe" eiieqcjqfen}qcdfbegfoeqkjmfeifeijfe
>@LAI?@?>CMW@?WIRIW@A?WI>KEDCW@??CWOEDE>KACGJ@?W@?PAYWEK@?QIM@?
ikjmkepjijqkcof
#e@?X?QCAPIMCOIDK@?>IA]?Z@AOCMEFCW@_?OIWECDKI?C?PIMILACGJ@?
nkeqfjmoimfenkeqfjpbbfeqfjbfhcnifekegioqkhidkjmfenkencnie
>IO?EOQMEPCA?D@RCGJ@_?VUDK@?C@?CDP@?W@?AC>EM?TS=S_?DC?[UCMEWCWI?
nkeikjmkepjijqkcofenfe8kbfrofe7iqcfjih


#e@?X>?P@DKACK@>?WI?QCAPIMCOIDK@?WC>?W{REWC>?WIP@AAIDKI>?WI?
N@DAC?WI?CRCM?IO?@QIACGHI>?IKIADC>?EDPMUEAJ@_?@LAEBCK@AECOIDKI_?
PM]U>UMC?[UI?CUK@AEFI?@?LM@[UIE@?WI?AIPUA>@>?DC?AIWI?LCDP]AEC_??
ihmienkegiidkjmfenkerihrkoegioqkhienkqfoocnfbeemocjmiencibe
W@?RIDPEOIDK@S
=AKS?vS?
EPC?CPAI>PIDKCW@?@?>IBUEDKI?QCA]BACZ@?C@?CAKS?z?WC?
IE?D@?Swv_?WI?x?WI?VCDIEA@?WI?vwwu
=AKS?zS?SSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSS
#ez@?X?WE>Q@>K@?DI>KI?CAKEB@?CQMEPC\>I?C@>?WIOCE>?PAYWEK@>?WC?

CFIDWC?5CPE@DCM_?PUVC?ED>PAEGJ@?I?P@LACDGC?P@O@?{REWC?=KERC?
WC?DEJ@?>IVC?WI?P@OQIKDPEC?WC?A@PUACW@AEC\IACM?WC?
CFIDWC?
7iqcfjihe7
=AKS?vS?
EPCO?WE>QID>CW@>?C?P@D>KEKUEGJ@?WI?PAYWEK@>?WC?

CFIDWC?5CPE@DCM_?C?ED>PAEGJ@?P@O@?{REWC?=KERC?WC?DEJ@_?@?
ilrcidkjmfenieokbgkqmciekkqrfepbqihe~kdeibbcdeqijqkhinfbe
@?MCDGCOIDK@?I?C?ED>PAEGJ@_?AIMCKERCOIDKIu
?\??P@DKAELUEGJ@?WI?[UI?KACKC?C?IE?D@?Sw_?WI?v?WI?WIFIOLA@?
WI?vw_?EDPEWIDKI?>@LAI?@?AI>UMKCW@?CQUACW@?D@?QIA{@W@\LC>I?
IDPIAACW@?IO?yv?WI?WIFIOLA@?WI?vww
?\?C@?IOQAY>KEO@?P@OQUM>`AE@?ED>KEKU{W@?QIM@?IPAIK@\IE?
D@?xSx_?WI?xy?WI?VUMN@?WI?vw_?>@LAI?C?C[UE>EGJ@?WI?RI{PUM@>?
CUK@O@K@AI>?I?WI?P@OLU>K{RIMw
?\??P@DKAELUEGJ@?C@?
UDW@?WI?DRI>KEOIDK@?T@PECM??

ED>@PECM_?IEBEWC?WC>?IOQAI>C>?IPMU>ERCOIDKI?RIDWIW@AC>?WI?
OIAPCW@AEC>?I?OE>KC>_?P@O?ZUDWCOIDK@?D@?CAKS?w@?WC?IE?D@?Sw_?
WI?vwejieihrfmiebrgkocfoeie" eqcjqfen}qcdfbegfoeqkjmfe
P@DZ@AOI?IE>?D@>?S_?WI?y?WI?VUDN@?WI?vww_?Swz_?WI?xz?WI?
D@RIOLA@?WI?vww_?I?Svz_?WI?x?WI?WIFIOLA@?WI?vww_?CPAI>PEWC?
nfeincqcfjihenke erden}qcdfegfoeqkjmfebf~okefbeimfbe
BIACW@AI>?AIMCKER@>?C@?IIAP{PE@?WI?vw_?D@>?KIAO@>?W@?CAKS?xx?W@?
IPAIK@\IE?D@?xSyw_?WI?xv?WI?WIFIOLA@?WI?vww
v?\?C@?EOQ@>K@?QA@RE>`AE@?>@LAI?C?O@REOIDKCGJ@?@U?C?
moijbdcbbfenkeihfokbekenkeqo}ncmfbekencokcmfbenkejimrokiepjijqkcoie
?
_?ED>KEKU{W@?QIMC?kcefdghkdkjmioej@?_?WI?vy?WI?VUMN@?WI?
vwwy_?AIMCKER@?C@?CD@\LC>I?vwwy_?I?>?EOUDEWCWI>?QAIRE>KC>?D@?CAKS?
"ecjqcbfeeihjkibeie~eqekeneniefjbmcmrcfw
v?\??KCC?WI?MEPIDPECOIDK@?WI?EOQ@AKCGJ@_?IEBEWC?D@>?KIAO@>?
W@?CAKS?v?WC?IE?D@?xSvz_?WI?xw?WI?WIFIOLA@?WI?vwy_?P@O?C?
AIWCGJ@?WC?IE?D@?Sw_?WI?v?WI?WIFIOLA@?WI?vww
v?\??>@LAIKCAEZC?C@?
UDW@?5CPE@DCM?WI?^IMIP@OUDEPCGHI>w
v??C@?CWEPE@DCM?WI?KCAEZC?Q@AKU]AEC_?>CMR@?IO?>I?KACKCDW@?
WI?@QIACGHI>?WI?EOQ@AKCGJ@?I?IQ@AKCGJ@?WI?OIAPCW@AEC>?[UCDW@?
@LVIK@?WI?P@OYAPE@?WI?DCRIBCGJ@?WI?M@DB@?PUA>@w
v?\??QCAPIMC?WC?P@DKAELUEGJ@?C@?A@BACOC?WI?DKIBACGJ@?
T@PECM?IEBEWC?DC?Z@AOC?W@?IPAIK@\IE?D@?xSzz_?WI?xw?WI?VUDN@?WI?
vw_?I?W@?IPAIK@\IE?D@?xSzzw_?WI?xv?WI?VUMN@?WI?vw_?DC?QCAKI?
[UI?IPIWC?@?RCM@A?WIREW@?P@O?ZUMPA@?DC?kcefdghkdkjmioej@?_?
WI??WI?>IKIOLA@?WI?vw_?I?CMKIACGHI>?Q@>KIAE@AI>w
reeeqfjmoc~rcfegioiefepjijqcidkjmfeniebkrocninkebfqcihe
efpjbejfbemkodfbenfeCAKS?@eniekcefdghkdkjmioej@?_?WI?
y?WI?WIFIOLA@?WI?vwwv_?P@O?C?AIWCGJ@?WCWC?QIM@?CAKS?v@?WC?IE?
fdghkdkjmioej@?_?WI?v?WI?ZIRIAIEA@?WI?vwwS
reeefmienkefjmoc~rcfeokcfoiniegkhfeCAKS?x@?W@?IPAIK@\
IE?D@?xSxw_?WI?xv?WI?D@RIOLA@?WI?vwS?DPMU{W@?QIMC?IE?D$?
"enke
4

#e@?
EPCO?PCDPIMCW@>?@>?WYLEK@>?ED>PAEK@>?IO?{REWC?=KERC?
WC?DEJ@_?WI?RCM@A?P@D>@MEWCW@?EBUCM?@U?EDZIAE@A?C??v_?PIO?
okicb
#e@ebeirmfbenibekkqrkbepbqicbenfben}~cmfbenkerkemoimie
I>KI?CAKEB@?>IAJ@?CA[UERCW@>?OIWECDKI?WI>QCPN@?W@?VUEF_?PEIDKI?
@?A@PUACW@A?WC?
CFIDWC?5CPE@DCM_?>CMR@?C?IE>KDPEC?WI?RCM@A?
AIOCDI>PIDKI?AIMCKER@?C?WYLEK@>?MIBCMOIDKI?IEB{RIE>S
#e@?X?WE>Q@>K@?DI>KI?CAKEB@?DJ@?EOQMEPCA]?AI>KEKUEGJ@?I?
fpqcf2WI?[UCDKEC?QCBCS
=AKS?vwS?
EPC?C?A@PUACW@AEC\IACM?WC?
CFIDWC?5CPE@DCM?
CUK@AEFCWC?C?DJ@?P@DKI>KCA_?C?DJ@?EDKIAQ@A?AIPUA>@?@U?C?WI>E>KEA?W@?
[UI?KIDNC?>EW@?EDKIAQ@>K@_?WI>WI?[UI?EDIE>KC?@UKA@?ZUDWCOIDK@?
AIMIRCDKI_?DC?NEQ`KI>I?WI?C?WIPE>J@?RIA>CA?>@LAIu?IWCGJ@?WCWC?
gkhiekcejeenke
?\?OCKYAEC>?WI?[UI?KACKC?@?CAKS?vw
eedim}ociberkekdecomrnkenkelrocbgornjqciegiqpqienfe
TUQAIO@?^AELUDCM?
IWIACM_?@U?W@?TUQIAE@A?^AELUDCM?WI?U>KEGC_?
>IVCO?@LVIK@?WI?CK@?WIPMCACK`AE@?W@?A@PUACW@A\IACM?WC?
CFIDWC?
5CPE@DCM_?CQA@RCW@?QIM@? EDE>KA@?WI?>KCW@?WC?
CFIDWCS
ee8aeeeeeeeejqhrnfegkhiekcejezzenke
#e@?5C>?OCKYAEC>?WI?[UI?KACKC?I>KI?CAKEB@_?@?A@PUACW@A?WC?

CFIDWC?5CPE@DCM?[UI?CKUCA?D@?ZIEK@?WIRIA]_?IQAI>>COIDKI_?
AIP@DNIPIA?C?QA@PIWDPEC?W@?QIWEW@_?[UCDW@?PEKCW@?QCAC?CQAI>IDKCA?
AI>Q@>KC_?NEQ`KI>I?IO?[UI?DJ@?NCRIA]?P@DWIDCGJ@?IO?N@D@A]AE@>_?
@U?OCDEZI>KCA?@?>IU?WI>EDKIAI>>I?IO?AIP@AAIA_?[UCDW@?EDKEOCW@?WC?
WIPE>J@?VUWEPECMS?knifeniniegkhiekcejeenke
#e@eaebkjmkjiefqfookjnfeiecg6mkbkenfe#e@_?DJ@?>I?
>UL@AWEDCA]?C@?WUQM@?BACU?WI?VUAE>WEGJ@?@LAEBCK`AE@S
#e@?DP@DKACDW@\>I?@?QA@PI>>@?D@?^AELUDCM_?Q@WIA]?@?AIMCK@A?WC?
AIOI>>C?DIBCA\MNI?>IBUEOIDK@_?WI>WI?[UI_?EDKEOCW@?@?A@PUACW@A?
WC?
CFIDWC?5CPE@DCM_?NCVC?OCDEZI>KCGJ@?WI?WI>EDKIAI>>IS
#e@?=?TIPAIKCAEC?WC?IPIEKC?
IWIACM?DJ@?P@D>KEKUEA]?@>?
PAYWEK@>?KAELUK]AE@>?AIMCKER@>?>?OCKYAEC>?WI?[UI?KACKC?@?EDPE>@??
W@?on?WI>KI?CAKEB@S?knifeniniegkhiekcejeenke
#e"@?5C?NEQ`KI>I?WI?PAYWEK@>?KAELUK]AE@>?V]?P@D>KEKU{W@>_?C?
CUK@AEWCWI?MCDGCW@AC?WIRIA]?AIRIA?WI?@Z{PE@?@?MCDGCOIDK@_?QCAC?
IZIEK@?WI?CMKIACA?K@KCM?@U?QCAPECMOIDKI?@?PAYWEK@?KAELUK]AE@_?P@DZ@AOI?
@?PC>@S?knifeniniegkhiekcejeenke
#e@ee8aeeeeeeeejqhrnfegkhiekcejezzenke
=AKS?xS?TIAJ@?CA[UERCW@>_?>IO?LCEC?DC?WE>KAELUEGJ@_?OIWECDKI?
AI[UIAEOIDK@?W@?A@PUACW@A?WC?
CFIDWC?5CPE@DCM_?@>?CUK@>?WC>?
kkqrkbepbqicbenken}~cmfbecjbqocmfbeqfdfecnieamcieniejcfe
QIMC?A@PUACW@AEC\IACM?WC?
CFIDWC?5CPE@DCM?@U?Q@A?IMC?P@LACW@>_?
WI?RCM@A?P@D>@MEWCW@?EBUCM?@U?EDZIAE@A?C??vS_?WIF?OEM?
okicbeknifeniniegkhiekcejeenke
#e@?X>?CUK@>?WI?IIPUGJ@?C?[UI?>I?AIZIAI?I>KI?CAKEB@?>IAJ@?
AICKERCW@>?[UCDW@?@>?RCM@AI>?W@>?WYLEK@>?UMKACQC>>CAIO?@>?MEOEKI>?
EDWEPCW@>S
#e@?TIAJ@?IKEDKC>_?OIWECDKI?AI[UIAEOIDK@?W@?A@PUACW@A?WC?

CFIDWC?5CPE@DCM_?C>?IIPUGHI>?[UI?RIA>IO?IPMU>ERCOIDKI?>@LAI?
N@D@A]AE@>?WIREW@>??
CFIDWC?5CPE@DCM?WI?RCM@A?EBUCM?@U?EDZIAE@A?
ieeedcheokicbIWCGJ@?WCWC?QIMC?IE?D$?vvSyy_?WI?

#e@?X?WE>Q@>K@?DI>KI?CAKEB@?DJ@?>I?CQMEPC?>?IIPUGHI>?AIMCKERC>?
?P@DKAELUEGJ@?QCAC?@?
UDW@?WI?CACDKEC?W@?^IOQ@?WI?TIAREG@S


#e@?5@?PC>@?WI?AIUDEJ@?WI?QA@PI>>@>?P@DKAC?@?OI>O@?WIRIW@A_?
DC?Z@AOC?W@?CAKS?x?WC?IE?D@?Sy_?WI?xx?WI?>IKIOLA@?WI?vw_?
gioiefbepjbenkerkemoimiefehcdcmkecjncqinfejfeqigrm6WI>KI?CAKEB@_?
>IA]?P@D>EWIACWC?C?>@OC?W@>?WYLEK@>?P@D>@MEWCW@>?WC>?ED>PAEGHI>?
AIUDEWC>S?jqhrnfegkhiekcejeenke
=AKS?x\=S??5@>?PC>@>?WI?IIPUGJ@?P@DKAC?C?
CFIDWC?5CPE@DCM_?
Y?C?A@PUACW@AEC\IACM?WC?
CFIDWC?5CPE@DCM?CUK@AEFCWC?C?DJ@?@Q@A?
IOLCAB@>_?[UCDW@?@?RCM@A?QMIEKICW@?QIM@?II[UIDKI?Z@A?EDZIAE@A?
rkhkepinfekdeimfenfe} cjcbmofenieikjnieDPMU{W@?QIMC?IE?
jeenke
=AKS?xvS?
EPC?E>IDK@?W@?QCBCOIDK@?W@>?N@D@A]AE@>?WI?
>UPUOLDPEC?@?CUK@A?WC?WIOCDWC?WI?DCKUAIFC?KAELUK]AEC_?QA@Q@>KC?
qfjmoieiejcfeikjnie7iqcfjiherkenkbcbmcoenieifekeokjrjqcioe
C@?WEAIEK@?>@LAI?[UI?IMC?>I?ZUDWC_?WI>WI?[UIu
?\?C?WIPE>J@?QA@ZIAEWC?D@?QA@PI>>@?WI?P@DNIPEOIDK@?DJ@?KIDNC?
KACD>EKCW@?IO?VUMBCW@w
eeieokjjqciekefegkncnfenkeqfjkobfenfbenkg6bcmfbelrncqcicbe
IO?AIDWC?WC?DEJ@?>IVCO?QA@K@P@MEFCW@>?CKY?v?WI?>IKIOLA@?WI?
vwwS
=AKS?xxS?X?QIWEW@?Q@WIA]?>IA?N@O@M@BCW@?QIM@?VUEF_?QIM@?
okhimfoenfeokqrobfefregkhfegokbcnkjmkenfemoc~rjihepqijnfekmcjmfefe
PAYWEK@?KAELUK]AE@_?CKY?@?MEOEKI?W@>?WIQ`>EK@>?P@DRIAKEW@>S
#e@?5C?NEQ`KI>I?WI?C?N@O@M@BCGJ@?>IA?WC?P@OQIKDPEC?W@?
AIMCK@A?@U?W@?QAI>EWIDKI?W@?KAELUDCM_?EDPUOLEA]?C@?CUK@A?QIKEPE@DCA?
C@?VUEF?WI?QAEOIEA@?BACU?[UI?N@URIA?CQAIPECW@?@?ZIEK@_?EDZ@AOCDW@?
iefdfhfifenieokjjqciegioierkekbmkenkmkodcjkenkecdkncimfe
C?P@DRIA>J@?W@>?WIQ`>EK@>?IO?AIDWC?WC?DEJ@_?EDWIQIDWIDKIOIDKI?
W@?AIK@AD@?W@>?CUK@>?W@?QA@PI>>@?@U?WC?AI>QIPKERC?CGJ@?PCUKIMCA??
RCAC?WI?@AEBIOS
#e@eaegkmcfenkerkemoimiefe#e@enkkoseqfjmkoefejdkofenie
P@DKC?C?[UI?@>?WIQ`>EK@>?I>KIVCO?REDPUMCW@>?I?REA]?CP@OQCDNCWC?
nkeq6gcieniegscjienfe6ofefpqcihefjnkemckoebcnfegr~hcqinfefeimfe
N@O@M@BCK`AE@S
#e@efdeieokjjqcienieifegocjqcgihenkkofebkoekmcjmibe
K@WC>?C>?CGHI>?PCUKIMCAI>?C?IMC?REDPUMCWC>_?DC>?[UCE>?DJ@?>IA]?
WIREWC?RIALC?WI?>UPUOLDPECS
=AKS?xyS?X?@Z{PE@?QCAC?[UI?@?WIQ@>EK]AE@?QA@PIWC??P@DRIA>J@?
WI?WIQ`>EK@?IO?AIDWC?WIRIA]?>IA?IQIWEW@?D@?QACF@?O]EO@?WI?v?
rcjkencibeqfjminfenienimienfenkbgiqfelrncqciherkeiqfhkoeie
QIKEGJ@S
aomeea begkbbfibelroncqibenkencokcmfeg~hcqfebfencbgkjbinibe
nkeirmkjmcqioeibeq6gcibeokgofospqibenkericbrkoenfqrdkjmfberke
CQAI>IDKIO?IO?VU{F@S
=AKS?xS??X?KIAO@?WI?ED>PAEGJ@?IO?{REWC?=KERC?WC?DEJ@_?LIO?
qfdfefenibeirmiorcibekerjnikbeg~hcqibeknkoicbeiekomcnfe
WI?{REWC?=KERC?WIMI?IKAC{WC?I?C?QIKEGJ@?EDEPECM?IO?QA@PI>>@?
nkekkqrfepbqihegfnkofebkoebr~bqocmfbedijrihdkjmkefregfoe
PNCDPIMC?OIP7DEPC?@U?IMIKA DEPC_?@L>IARCWC>?C>?WE>Q@>EGHI>?
MIBCE>S?knifeniniegkhiekcejeenke
|iosoifejcqfeencbgfbmfejfeqigrmenkbmkeiomcfeighcqibke
KCOLYO_??ED>PAEGJ@?IO?{REWC?=KERC?I??P@LACDGC?VUWEPECM?WC?
P@DKAELUEGJ@_?OUMKC>?I?WIOCE>?IDPCAB@>?QAIRE>K@>?DC?MIBE>MCGJ@?
AI>QIPKERC_?AIMCKER@>?C@?
UDW@?WI?CACDKEC?W@?^IOQ@?WI?TIAREG@S
x

=AKS?xS?
EPC?>U>QID>C?C?AI>KAEGJ@?QCAC?KACD>ZIADPEC?WI?AIPUA>@>?
ZIWIACE>?C?>KCW@>_?E>KAEK@?
IWIACM?I? UDEP{QE@>?WI>KEDCW@>?
?IIPUGJ@?WI?CGHI>?>@PECE>?I?CGHI>?IO?ZCEC?WI?ZA@DKIEAC_?IO?
nkqfoojqcienkecjincdghkdkjmfbef~lkmfenkeokcbmofejfeincjeke
D@?TE>KIOC?DKIBACW@?WI?=WOEDE>KACGJ@?
EDCDPIEAC?W@?@RIAD@?
knkoiheecip
#e@?5C?KACD>ZIADPEC?WI?AIPUA>@>?ZIWIACE>?QAIRE>KC?D@?PCQUK_?
pqidefbebminfbefecbmocmfeknkoihekefbe} rjcqgcfbencbgkjbinfbe
WC?CQAI>IDKCGJ@?WI?PIAKEWHI>?IEBEWC>?IO?MIE>_?WIPAIK@>?I?@UKA@>?
CK@>?D@AOCKER@>S
#e@?5J@?>I?CQMEPC?@?WE>Q@>K@?DI>KI?CAKEB@?C@>?WYLEK@>?P@O?
@?D>KEKUK@?5CPE@DCM?W@?TIBUA@?T@PECM?\?5TT_?IPIK@?[UCDW@?>I?
KACKCA?WI?KACD>ZIADPEC>?AIMCKERC>??C>>E>KDPEC?>@PECMS?IWCGJ@?
niniegkhiekceje"enke
#e@?X>?WYLEK@>?QCAC?P@O?C?
CFIDWC?5CPE@DCM_?RIDPEW@>?CKY?
yv?WI?OCE@?WI?vww_?DJ@?ED>PAEK@>?DC?{REWC?=KERC?WC?DEJ@_?WI?
AI>Q@D>CLEMEWCWI?W@>?>KCW@>_?W@?E>KAEK@?
IWIACM_?W@>? UDEP{QE@>?
I?WI?>UC>?IDKEWCWI>?WC?CWOEDE>KACGJ@?EDWEAIKC_?WIP@AAIDKI>_?
IPMU>ERCOIDKI_?WI?P@DRDE@>?PIMILACW@>?P@O?C?DEJ@_?Q@WIAJ@?
>IA?QCAPIMCW@>?DC>?>IBUEDKI>?P@DWEGHI>u
?\?@?QIWEW@?WI?QCAPIMCOIDK@?WIRIA]?>IA?IDPCOEDNCW@_?CKY?yv?
WI?CB@>K@?WI?vww_?C@?`ABJ@?BI>K@A?W@?P@DRDE@?EDCWEOQMEW@_?[UI?
@?>ULOIKIA]??TIPAIKCAEC?W@?^I>@UA@?5CPE@DCM?P@O?OCDEZI>KCGJ@?
>@LAI?C?P@DRIDEDPEC?W@?CKIDWEOIDK@?W@?QMIEK@w
?\?@?QIWEW@?WIRIA]?>IA?ED>KAU{W@?P@O?CUK@AEFCGJ@?MIBE>MCKERC?
kbgkqpqiecjqhrbckerijmfeecjqrhifenibeokqkcmibego6gocibenfe
~kjkpqcsocfefreqfjmofhinfoekeniberfmibenkeokgiomcfenfbemoc~rmfbe
C?[UI?>I?AIZIAIO?@>?CAK>S?v_v_?v_?v?I?vw_?EDPE>@>?_?CM{DIC>?
C?I?P_?I?eniefjbmcmrcf
?\?@?WYLEK@?@LVIK@?W@?QCAPIMCOIDK@?>IA]?P@D>@MEWCW@?DC?WCKC?
WC?P@DPI>>J@w
v?\?@?QCAPIMCOIDK@?>IA]?Z@AOCMEFCW@?QIMC?A@PUACW@AEC\
IACM?WC?
CFIDWC?5CPE@DCM?OIWECDKI?C?PIMILACGJ@?WI?P@DKACK@?
nkeqfjpbbfeqfjbfhcnifekegioqkhidkjmfenkencnieqfdeie
EDKIARIDEDPEC?W@?CDP@?W@?AC>EM?TS=S_?DC?[UCMEWCWI?WI?=BIDKI?

EDCDPIEA@?W@?^I>@UA@?5CPE@DCM_?D@>?KIAO@>?WI?P@DRDE@?C?>IA?
PIMILACW@?P@O?C?DEJ@w
eefekjqcdkjmfeniegocdkcoiegokbmifebkoseemocjmiencibe
CQ`>?C?C>>EDCKUAC?W@?P@DKACK@?WI?QCAPIMCOIDK@w
eefegkncnfenkegioqkhidkjmfeqfjbmcmrceqfjpbbfecookmoimskhe
WI?W{REWC_?OC>?C?ICKEWJ@?W@?RCM@A?WIMI?P@D>KCDKI?Q@WIA]?>IA?@LVIK@?
nkekocpqif
#e@?=@>?P@DKACK@>?PIMILACW@>?DC>?P@DWEGHI>?I>KCLIMIPEWC>?D@?
#e@?CQMEPC\>I?@?WE>Q@>K@?D@?CAKS?vy?WI>KC?IES
=AKS?xS??5J@?PCLI?AIPUA>@?WI?@Z{PE@?WC>?WIPE>HI>?QA@MCKCWC>?
QIMC?TIPAIKCAEC?WC?IPIEKC?
IWIACM?W@?AC>EM_?IO?QA@PI>>@>?AIMCKER@>?
C?KAELUK@>?CWOEDE>KACW@>?Q@A?I>>I?`ABJ@u?????????IWCGJ@?WCWC?QIMC?
kcejezzenke
? \? [UCDW@? >I? KACKCA? WI? QIWEW@? WI? AI>KEKUEGJ@? WI?
KAELUK@>w?????????jqhrnfegkhiekcejezzenke
?\?[UCDW@?>I?KACKCA?WI?AI>>CAPEOIDK@?WI?PAYWEK@>?W@?OQ@>K@?
bf~oke|ofnrmfbejnrbmocihcinfbee|eniefjmoc~rcfegioiefe|
|ibkgekeniefjmoc~rcfegioiefecjijqcidkjmfenieekrocninke
e
fqcihee7eeeeeeeeejqhrnfegkhiekcejezzenke
?\?[UCDW@?>I?KACKCA?WI?AIIOL@M>@?W@?>CM]AE@\ZCO{MEC?I?W@?
>CM]AE@\OCKIADEWCWIw?????????jqhrnfegkhiekcejezzenke
v? \? [UCDW@? >I? KACKCA? WI? N@O@M@BCGJ@? WI?
P@OQID>CGJ@w?????????jqhrnfegkhiekcejezzenke


v?\?D@>?PC>@>?WI?AIWUGJ@?WI?QIDCMEWCWI?Q@A?AIKA@CKEREWCWI?
LIDEBDCw?I?????????jqhrnfegkhiekcejezzenke
v?\?DC>?NEQ`KI>I>?IO?[UI?C?WIPE>J@?I>KERIA?ZUDWCOIDKCWC?
IO?WIPE>J@?QA@ZIAEWC?IO?CGJ@?WEAIKC?WI?EDP@D>KEKUPE@DCMEWCWI_?IO?
bdrhiecjqrhijmkegofkocniegkhfergokdfe8oc~rjiheknkoihekejfe
ncbgfbmfejfe#e@?W@?CAKS?vwS???????DPMU{W@?QIMC?IE?D$?vxS_?WI?

=AKS?xS?X?EDPE>@??W@?CAKS?y@?WC?IE?D@?Sz_?WI?w?WI?WIFIOLA@?
WI?vwwy_?QC>>C?C?KIA?C?>IBUEDKI?AIWCGJ@u
?\?VUMBCA?AIPUA>@?R@MUDK]AE@?WI?WIPE>J@?WI?QAEOIEAC?ED>K7DPEC?
D@>?QA@PI>>@>?AIMCKER@>?C?AI>KEKUEGJ@?WI?EOQ@>K@>?I?P@DKAELUEGHI>?
I?C?AI>>CAPEOIDK@?WI?PAYWEK@>?W@?OQ@>K@?>@LAI?A@WUK@>?
jnrbmocihcinfbe7
=AKS?xwS?X>?WYLEK@>?WI?[UCM[UIA?DCKUAIFC?QCAC?P@O?C?
CFIDWC?
5CPE@DCM?I?@>?WIP@AAIDKI>?WI?P@DKAELUEGHI>?CAAIPCWCWC>?QIMC?DEJ@_?
P@D>KEKU{W@>?@U?DJ@_?PUV@>?ZCK@>?BIACW@AI>?KIDNCO?@P@AAEW@?CKY?yv?
WI?WIFIOLA@?WI?vwwz_?[UI?DJ@?NCVCO?>EW@?@LVIK@?WI?QCAPIMCOIDK@?
AI[UIAEW@?CKY?yv?WI?CB@>K@?WI?vww_?IQAI>>@>?IO?[UCDKEWCWI?WI?
poebkofeokqfjkomcnfbegioieokiheqfde~ibkejfeihfoenirkhie
pinfegioie@?WI?VCDIEA@?WI?vwwS
#e@?=?QCAKEA?WI?v@?WI?VCDIEA@?WI?vww_?@>?PAYWEK@>?CQUACW@>?
>IAJ@?MCDGCW@>?IO?AICE>S
#e@e|ioiepjbenkecjbqocfenfben}~cmfbeokkocnfbejkbmkeiomcfe
IO?{REWC?=KERC?WC?DEJ@_?WIRIA]?>IA?EDZ@AOCW@??A@PUACW@AEC\
IACM?WC?
CFIDWC?5CPE@DCM?@?RCM@A?@AEBED]AE@?W@>?OI>O@>_?DC?
O@IWC?REBIDKI??YQ@PC?WC?@P@AADPEC?W@?ZCK@?BIACW@A?WC?@LAEBCGJ@S
#e@?XL>IARCW@?@?WE>Q@>K@?DI>KI?CAKEB@_?LIO?C>>EO?C?
CKUCMEFCGJ@?IZIKUCWC?QCAC?@?CD@?WI?x_?D@>?KIAO@>?W@?CAKS??WC?
IE?D@?wSzy_?WI?x?WI?WIFIOLA@?WI?vwwepqiekmcjmieiejcninkenke
kkojqciecbqiheepoecjbmcmrniegkhfeCAKS?v@?WC?IE?D@?Syy_?WI?
y?WI?WIFIOLA@?WI?vwwvS
=AKS?yS?O?AIMCGJ@?C@>?WYLEK@>?AIZIAEW@>?D@?CAKS?xw_?LIO?
P@O@?C@>?ED>PAEK@>?IO?{REWC?=KERC?WC?DEJ@_?QC>>CO?C?EDPEWEA_?
C?QCAKEA?WI?v@?WI?VCDIEA@?WI?vww_?VUA@>?WI?O@AC?I[UERCMIDKI>??
miieokkokjqcihenfecbmkdiebgkqcihenkecrcnifekenkerbm6ncie
?khcqegioiemmrhfbeknkoicbeiqrdrhiniedkjbihdkjmkeim}efehmcdfe
ncienfedbeijmkocfoeifenfegiidkjmfekenke erdegfoeqkjmfejfe
O>?WI?QCBCOIDK@S
=AKS?yvS?
EPCO?WE>QID>CW@>?C?P@D>KEKUEGJ@?WI?PAYWEK@>?WC?
fdcbbfenkeihfokbe} f~chcsocfbee} eiecjbqocfejiebrie
cnieamciekefeilrcidkjmfenieokbgkqmciekkqrfepbqihe~kde
C>>EO?PCDPIMCW@>?@?MCDGCOIDK@?I?C?ED>PAEGJ@?AIMCKERCOIDKIu
eeemiienkepbqihcifekebkrbeiqo}bqcdfbenkerkemoimie
C?IE?D@?Swz_?WI?x?WI?WIFIOLA@?WI?vww_?WIREWC?C?QCAKEA?WI?
v@?WI?VCDIEA@?WI?vww?[UIMC?CUKCA[UEC_?QIMC>?P@OQCDNEC>?ZIPNCWC>?
~kjkpqcsocibenkecjqkjmcfbepbqicb
?\?>?OUMKC>?P@OEDCK`AEC>?[UI?KERIAIO?>EW@?CQMEPCWC>?C?I>>C>?
qfdgijcibejfbemkodfbeniejbmorfe} ej@?wx_?WI??WI?WIFIOLA@?
WI?vwS
#e@?X?WE>Q@>K@?DI>KI?CAKEB@?>@OIDKI?>I?CQMEPC?[UIMC>?
P@OQCDNEC>?[UI?KIDNCO?QCKAEO DE@?M{[UEW@?EBUCM?@U?EDZIAE@A?C??
enkedchkbenkeokicbeqfjfodkenkdfjbmoikbe
pjijqkcoibenfehmcdfekkoqqcfebfqcihenkcnidkjmkeirncminibe
gfoeirncmfoecjnkgkjnkjmkeokcbmoinfejie} ekegofqknideife
qijqkhidkjmfenfebkreokcbmofejie} edkncijmkefkomieg~hcqie
x

WI?C[UE>EGJ@?WC?K@KCMEWCWI?WI>>I>?K{KUM@>_?D@>?KIAO@>?W@?CAKS?x?
kebkrcjmkbeniejbmorfe} ej@?x_?WI?v?WI?VUMN@?WI?vww_?
PC>@?KIDNCO?CGHI>?WE>>IOEDCWC>?D@?OIAPCW@_?IO?yv?WI?@UKULA@?
WI?vwwS
#e@ebeirmfbenibekkqrkbepbqicbenfben}~cmfbenkerkemoimie
I>KI?CAKEB@?>IAJ@?CA[UERCW@>?OIWECDKI?WI>QCPN@?W@?VUEF_?PEIDKI?@?
|ofqroinfoenie} ebihfeiekcbmjqcienkeihfoeokdijkbqkjmke
AIMCKER@?C?WYLEK@>?MIBCMOIDKI?IEB{RIE>S
#e@?X?WE>Q@>K@?DI>KI?CAKEB@?DJ@?EOQMEPCA]?AI>KEKUEGJ@?WI?
[UCDKEC>?QCBC>S
=AKS?yxS?X?CAKS?yy?W@?IPAIK@?D@?Sxy_?WI??WI?OCAG@?WI?
vwx_?[UI_?Q@A?WIMIBCGJ@?W@?IPAIK@\IE?D@?xx_?WI??WI?>IKIOLA@?
WI?vww_?AIBUMC?@?QA@PI>>@?CWOEDE>KACKER@?WI?WIKIAOEDCGJ@?I?
IEBDPEC?WI?PAYWEK@>?KAELUK]AE@>?WC?DEJ@_?QC>>C?C?REB@ACA?P@O?C?
>IBUEDKI?CMKIACGJ@u
=AKS?yySSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSS
#e@?5@?PC>@?WI?QA@REOIDK@?C?AIPUA>@?WI?@Z{PE@_?@?QACF@?QCAC?
cjmkogfbcfenkeokqrobfefhrjmsocfeqfdkioseiercoenieqcjqciegkhfe
>UVIEK@?QC>>ER@_?WC?WIPE>J@?QA@ZIAEWC?D@?VUMBCOIDK@?W@?AIPUA>@?WI?
@Z{PE@S
#e@eeioofhidkjmfenkerkemoimiefe#e@?>IA]?AICMEFCW@?
QAIZIAIDPECMOIDKI?>@LAI?LID>?EO`RIE>S
#e@?X?@WIA?IPUKER@?IWEKCA]?C>?D@AOC>?AIBUMCOIDKCAI>?
jkqkbbsocibeefgkoiqcfjihcifenfeioofhidkjmfegokcbmfejfe#e@S?
7
=AKS?yyS?8a
=AKS?yzS?
EPC?CPAI>PIDKCW@?@?>IBUEDKI?QCA]BACZ@?C@?CAKS?w?WC?
IE?D@?Sxvx_?WI?xz?WI?VUMN@?WI?vwwvu
#eeencbgfbmfejkbmkeiomcfeighcqibkebekkqrkbepbqicbenie
cnieamcieniejcfe7
=AKS?yS?=>?PIAKEWHI>?IQIWEWC>?QIM@>?`ABJ@>?WC?CWOEDE>KACGJ@?
pbqihekemoc~rmsociegfnkofebkoekdcmcnibegkhiecjmkojkmeoknkedrjncihe
nkeqfdgrminfokbeqfdeibebkrcjmkbeqioiqmkobmcqib
?\?>IAJ@?R]MEWC>?EDWIQIDWIDKIOIDKI?WI?C>>EDCKUAC?@U?PNCDPIMC?
WI?>IAREW@A?W@>?`ABJ@>?IOE>>@AI>w
?\?>IAJ@?ED>KEKU{WC>?QIM@?`ABJ@?IOE>>@A?OIWECDKI?CK@?
kbgkqpqfegr~hcqinfejfecsocfepqciheniejcfefjnkeqfjbmkefe
O@WIM@?W@?W@PUOIDK@S
=AKS?yS?X?EDPE>@??W@?CAKS?vv?WC?IE?D@?wSzv_?WI?x?WI?OCE@?
WI?vww_?QC>>C?C?REB@ACA?P@O?C?>IBUEDKI?AIWCGJ@u
eefegiidkjmfenieoimcpqifebkosenkcnfeim}erkebklie
nkpjcniekecdghkdkjminieiekbmormroienkeigfcfeindcjcbmoimcfenie
A@PUACW@AEC\IACM?WC?
CFIDWC?5CPE@DCMS
e7
aomeeebeqo}ncmfbenfeijqfekjmoihenfeoibchegibbkcbenke
ED>PAEGJ@?I?P@LACDGC?P@O@?{REWC?=KERC?I?DJ@?QCB@>?D@>?QACF@>?
QAIRE>K@>?>IAJ@?CPAI>PEW@>?WIu?IWCGJ@?WCWC?QIMC?IE?D$?vxSz_?
nke
??VUA@>?WI?O@AC_?P@DKCW@>?W@?QAEOIEA@?WEC?W@?O>?
>UL>I[UIDKI?C@?W@?RIDPEOIDK@_?I[UERCMIDKI>??KCC?AIZIAIDPECM?
nfecbmkdiebgkqcihenkecrcnifekenkerbm6ncieeegioie
fbemmrhfbeknkoicbeiqrdrhiniedkjbihdkjmkeim}efehmcdfencienfe
dbeijmkocfoeifenfegiidkjmfekenke erdegfoeqkjmfejfedbenfe
QCBCOIDK@w??knifeniniegkhiekceje"zenke


eedrhmienkedfoienke enfcbegfoeqkjmfeiegiomcoenfegocdkcofe
ncieig6befekjqcdkjmfenfen}~cmfeiqokbqcnieieqinieemocjmiencibe
nkecrihegkoqkjmriheim}efehcdcmkenke ecjmkegfoeqkjmfecjqcnkjmke
>@LAI?@?RCM@A?CKUCMEFCW@?DC?Z@AOC?W@?EDPE>@??W@?PCQUK?WI>KI?
CAKEB@S?knifeniniegkhiekceje"zenke
#e@??X>?VUA@>?WI?O@AC?EDPEWIDKI>?>@LAI?@>?PAYWEK@>?QA@RIDEIDKI>?
WI?OUMKC>?EOQ@>KC>?IO?QA@PI>>@?CWOEDE>KACKER@?QUDEKER@?[UI_?IO?
oifenkeokqrobfemkjidebcnfeqfjpodinibegkhiecjbmjqciebrgkocfoe
P@DKCO\>I?W@?QAEOIEA@?WEC?W@?O>?>UL>I[UIDKI?C@?W@?RIDPEOIDK@_?
QAIRE>K@?DC?EDKEOCGJ@?WC?WIPE>J@?WI?QAEOIEAC?ED>K7DPECS?IWCGJ@?
niniegkhiekceje"zenke
#e@??X>?PAYWEK@>?AIZIAEW@>?D@?PCQUK?WI>KI?CAKEB@?Q@WIAJ@?
bkoegioqkhinfbekdeim}eemocjmiegioqkhibedkjbicbeiekqhrbcfe
qocm}ocfenfeijqfekjmoihenfeoibchejiefodiekeqfjnckbegfoekhke
I>KCLIMIPEWC>_?EDPEWEDW@?>@LAI?PCWC?QCAPIMC?C?QCBCA?@>?VUA@>?WI?
O@AC?QAIRE>K@>?DI>KI?CAKEB@S?IWCGJ@?WCWC?QIMC?IE?D$?vxSz_?WI?

????????
aomeaeebeqo}ncmfbenibeirmiorcibekerjnikbeg~hcqibe
ZIWIACE>_?WI?[UCM[UIA?DCKUAIFC_?DJ@?QCB@>?D@>?QACF@>?QAIRE>K@>?DC?
MIBE>MCGJ@_?>IAJ@?CPAI>PEW@>?WI?VUA@>?I?OUMKC?WI?O@AC_?PCMPUMCW@>?
D@>?KIAO@>?I?DC?Z@AOC?WC?MIBE>MCGJ@?CQMEP]RIM?C@>?KAELUK@>?
ZIWIACE>S??jqhrnfegkhiekcejeenke
#e@??X>?PAYWEK@>?ED>PAEK@>?IO?{REWC?=KERC?>IAJ@?CPAI>PEW@>?
WI?IDPCAB@?MIBCM_?>UL>KEKUKER@?WC?P@DWIDCGJ@?W@?WIRIW@A?IO?
N@D@A]AE@>?CWR@PCK{PE@>_?PCMPUMCW@?D@>?KIAO@>?I?DC?Z@AOC?WC?
MIBE>MCGJ@?CQMEP]RIM??{REWC?=KERC?WC?DEJ@S??DPMU{W@?QIMC?IE?
jeenke
#e@??X?WE>Q@>K@?DI>KI?CAKEB@?DJ@?>I?CQMEPC?C@>?PAYWEK@>?W@?
ijqfekjmoihenfeoibchejqhrnfegkhiekcejeenke
aomeeebeqo}ncmfbenibeirmiorcibekerjnikbeg~hcqibe
ZIWIACE>_?WI?[UCM[UIA?DCKUAIFC_?Q@WIAJ@?>IA?QCAPIMCW@>?IO?CKY??
bkbbkjmiegokbmikbedkjbicbeDPMU{W@?QIMC?IE?D$?vvSwzv_?WI?

#e@??X?WE>Q@>K@?DI>KI?CAKEB@?>@OIDKI?>I?CQMEPC?C@>?PAYWEK@>?
ED>PAEK@>?IO?{REWC?=KERC?I?PIDKACMEFCW@>?DC>?A@PUACW@AEC>?
IBE@DCE>?
IWIACE>_? A@PUACW@AEC>?
IWIACE>? D@>? >KCW@>? I?
A@PUACW@AEC>?TIPPE@DCE>?
IWIACE>_?D@>?KIAO@>?W@>?##eekeenfe
CAKS?v?WC?IE?D@?vSz_?WI?x?WI?VUMN@?WI?xx_?I?W@?CAKS?xx?WC?IE?
D@?vvSz_?WI?v?WI?OCAG@?WI?xS?DPMU{W@?QIMC?IE?D$?vvSwzv_?
nke
#e@??X?QCAPIMCOIDK@?KIA]?>UC?Z@AOCMEFCGJ@?P@DWEPE@DCWC?C@?
QAYRE@?QCBCOIDK@?WC?QAEOIEAC?QAI>KCGJ@_?P@DZ@AOI?@?O@DKCDKI?
nfen}~cmfekefegoifebfhcqcminfef~bkoinfefencbgfbmfejfe#e@?WI>KI?
CAKEB@S?jqhrnfegkhiekcejeenke
#e@eejrijmfejfenkkocnfefegkncnfefenkknfoepqie
@LAEBCW@?C?AIP@MNIA_?C?PCWC?O>_?@?RCM@A?P@AAI>Q@DWIDKI?C?UOC?
QAI>KCGJ@S?jqhrnfegkhiekcejeenke
#e@??X?DJ@?PUOQAEOIDK@?W@?WE>Q@>K@?DI>KI?CAKEB@?EOQMEPCA]?
@?EDWIZIAEOIDK@?W@?QIWEW@S?jqhrnfegkhiekcejeenke
#e "@e e fjbcnkoiobkse irmfdimcqidkjmke nkkocnfe fe
QCAPIMCOIDK@_?IO?PC>@?WI?DJ@?OCDEZI>KCGJ@?WC?CUK@AEWCWI?
qfdgkmkjmkejfegoifenkeejfkjmiencibeqfjminfenienimienie
QA@K@P@MEFCGJ@?W@?QIWEW@S?jqhrnfegkhiekcejeenke
#e@eeegkncnfenkegioqkhidkjmfenkkocnfeqfjbmcmrceqfjpbbfe
nkencniekecjbmordkjmfes~chekebrpqckjmkegioiekcjqcienfe
PAYWEK@_?Q@WIDW@?C?ICKEWJ@?W@>?RCM@AI>?QCAPIMCW@>?>IA?@LVIK@?WI?
kocpqifejqhrnfegkhiekcejeenke
x

#e@??X?WYLEK@?@LVIK@?WI?QCAPIMCOIDK@?>IA]?P@D>@MEWCW@?DC?WCKC?
W@?QIWEW@S?jqhrnfegkhiekcejeenke
#ez@??X?WIRIW@A?QCBCA]?C>?PU>KC>_?IO@MUOIDK@>?I?WIOCE>?
IDPCAB@>?MIBCE>S?jqhrnfegkhiekcejeenke
#e@eeeihfoedjcdfenkeqiniegokbmifedkjbihebkosenkpjcnfe
Q@A?CK@?W@?A@PUACW@A\IACM?
IWIACMS?DPMU{W@?QIMC?IE?D$?vvSwzv_?
nke
#eeeeihfoenkeqiniegokbmifedkjbihegfoefqibcfenfe
QCBCOIDK@_?>IA]?CPAI>PEW@?WI?VUA@>?I[UERCMIDKI>??KCC?AIZIAIDPECM?
nfecbmkdiebgkqcihenkecrcnifekenkerbm6ncieeegioie
K{KUM@>?ZIWIACE>_?CPUOUMCWC?OID>CMOIDKI_?PCMPUMCW@>?C?QCAKEA?W@?
O>?>UL>I[UIDKI?C@?WC?P@D>@MEWCGJ@?CKY?@?O>?CDKIAE@A?C@?W@?
giidkjmfekenke erdegfoeqkjmfeokhimcidkjmkeifedbekderke
@?QCBCOIDK@?I>KERIA?>IDW@?IZIKUCW@S?DPMU{W@?QIMC?IE?D$?vvSwzv_?
nke
#eeeaeihmienkegiidkjmfenkeemobegioqkhibeqfjbkqrmcibe
@U?DJ@_?@U?WI?UOC?QCAPIMC_?I>KCDW@?QCBC>?K@WC>?C>?WIOCE>_?
EOQMEPCA]?C?EOIWECKC?AI>PE>J@?W@?QCAPIMCOIDK@?I_?P@DZ@AOI?@?PC>@_?
@?QA@>>IBUEOIDK@?WC?P@LACDGCSDPMU{W@?QIMC?IE?D$?vvSwzv_?WI?

#eeeamkjnkjnfeifegocjqgcfeniekqfjfdcqcninkef~bkoinfbe
@>?KIAO@>_?@>?MEOEKI>?I?C>?P@DWEGHI>?I>KCLIMIPEW@>?IO?CK@?W@?
A@PUACW@A\IACM?
IWIACM_?Q@WIA]?>IA?P@DPIWEW@_?WI?@Z{PE@?@U?C?
gkncnfegioqkhidkjmfebcdghcpqinfecdgfomijnfefegiidkjmfenie
gocdkcoiegokbmifekdeqfjpbbfenkencniekecjbmordkjmfes~cheke
brpqckjmkegioieiekcjqcienfeqo}ncmfeDPMU{W@?QIMC?IE?D$?vvSwzv_?
nke
#eee~bkoinibeibeqfjnckbegokcbmibejkbmkeiomcfebkose
CWOEKEW@?AIQCAPIMCOIDK@?W@>?WYLEK@>_?ED>PAEK@>?IO?{REWC?=KERC?
nibeirmiorcibekerjnikbeg~hcqibeknkoicbeqfjbmijmkbenke
QCAPIMCOIDK@?IO?CDWCOIDK@?@U?[UI?KIDNC?>EW@?AI>PEDWEW@S?DPMU{W@?
gkhiekcejeenke
#eeeaefodihcifenfegkncnfenkeokgioqkhidkjmfepqie
P@DWEPE@DCWC?C@?AIP@MNEOIDK@?WC?QAEOIEAC?QCAPIMC?IO?RCM@A?
P@AAI>Q@DWIDKI?Cu?jqhrnfegkhiekcejeenke
ee enkegfoeqkjmfenfemfmihenfben}~cmfbeqfjbfhcninfbe
@U?jqhrnfegkhiekcejeenke
ee ecjmkegfoeqkjmfenfemfmihenfben}~cmfbeqfjbfhcninfbe
PC>@?NCVC?WYLEK@?P@O?NE>K`AEP@?WI?AIQCAPIMCOIDK@?CDKIAE@AS?DPMU{W@?
gkhiekcejeenke
#e "e e aghcqidbke br~bcnciocidkjmke ifbe gkncnfbe nke
AIQCAPIMCOIDK@_?DC[UEM@?[UI?DJ@?@>?P@DKACAECA_?C>?WIOCE>?WE>Q@>EGHI>?
AIMCKERC>?C@?QCAPIMCOIDK@?QAIRE>KC>?DI>KI?CAKEB@S?DPMU{W@?QIMC?IE?
jeenke
#eeeegioqkhidkjmfenkerkemoimiekbmkeiomcfebkoseokrkocnfe
IPMU>ERCOIDKI?QIACDKI?C>?A@PUACW@AEC>?IBE@DCE>?
IWIACE>_?C>?
A@PUACW@AEC>?
IWIACE>?D@>?>KCW@>?I?C>?A@PUACW@AEC>?TIPPE@DCE>?

IWIACE>S?jqhrnfegkhiekcejeenke
#eeeaeqfjqkbbfenfegioqkhidkjmfenfben}~cmfbeierkebkeokkoke
I>KI?CAKEB@?P@OQIKI?QAERCKERCOIDKI?>?A@PUACW@AEC>?IBE@DCE>?

IWIACE>_?>?A@PUACW@AEC>?
IWIACE>?D@>?>KCW@>?I?>?A@PUACW@AEC>?
TIPPE@DCE>?
IWIACE>S?jqhrnfegkhiekcejeenke
#ezeeae|ofqroinfocikoiheknkoihekncmioseimfbejkqkbbsocfbee
IIPUGJ@?W@?QCAPIMCOIDK@?WI?[UI?KACKC?I>KI?CAKEB@S?DPMU{W@?QIMC?
kcejeenke
#eee} kjbihdkjmkeie|ofqroinfocikoiheknkoihencrhiose
D@?>{KE@?WC?=WR@PCPEC\IACM?WC?DEJ@_?WIO@D>KACKER@>?W@>?
QCAPIMCOIDK@>?P@DPIWEW@>?D@?7OLEK@?WI?>UC?P@OQIKDPECS?DPMU{W@?
gkhiekcejeenke


#eeeafencbgfbmfejkbmkeiomcfeighcqidbkebr~bcnciocidkjmke
C>?AIBAC>?QAIRE>KC>?DI>KC?IE?QCAC?@?QCAPIMCOIDK@?W@>?PAYWEK@>?WC?

CFIDWC?5CPE@DCMS?jqhrnfegkhiekcejeenke
aomeeeaeanfqiqcikoiheniejcfegfnkoseqkhk~oioefbe
P@DRDE@>?WI?[UI?KACKC?@?CAKS?z?WC?IE?D@?vvSz_?WI?v?WI?OCAG@?
WI?x_?IO?AIMCGJ@?>?EDZ@AOCGHI>?WI?QI>>@C>?Z{>EPC>?@U?VUA{WEPC>?
[UI?KIDNCO?WYLEK@?ED>PAEK@?IO?{REWC?=KERC?WC>?CUKCA[UEC>?I?
rjnikbeg~hcqibeknkoicbejqhrnfegkhiekcejeenke
=AKS?yS?
EPCO?P@DRCMEWCW@>?@>?CK@>?QACKEPCW@>?P@O?LC>I?
DC? IWEWC?A@RE>`AEC?D@?xSv\w_?WI?xy?WI?CB@>K@?WI?xvS
=AKS?ywS?
EPCO?AIR@BCW@>?@?CAKS?vv?W@?IPAIK@\IE?D@?yx_?WI?
v?WI?VUDN@?WI?vw_?I?CMKIACGHI>?Q@>KIAE@AI>w?@?CAKS?v?W@?IPAIK@\
IE?D@?xSzw_?WI?v@?WI?CB@>K@?WI?vwyw?@?CAKS?vv?W@?IPAIK@\IE?
D@?xSx_?WI?y?WI?CB@>K@?WI?vwyw?@?CAKS?vv?W@?IPAIK@\IE?D@?xSvy_?
WI?vw?WI?>IKIOLA@?WI?vwzw?@>?CAK>S?wv_?wy?I?wz?WC?IE?D@?Swv_?WI?
x?WI?VCDIEA@?WI?vwwS
=AKS?zS?>KC?IE?IDKAC?IO?REB@A?DC?WCKC?WI?>UC?QULMEPCGJ@S
AC>{MEC_?vw?WI?VUMN@?WI?xxw?vv@?WC?DWIQIDWDPEC?I?vvz@?WC?
kg~hcqi
7a7e7ea

2 441
>KI?KIK@?DJ@?>UL>KEKUE?@?QULMEPCW@?D@?X?WI??xxSSxx

W()18-/3:+)0-)*+,/3)O0-*8-/+),P)
N(S'TTTV).,)/*),P))
6U)0-)6)0-)0--5 ;8+)0-)RX
)
X?KIK@?WC?MIE??DC?{DKIBAC?\?IDP@DKAC\>I?WE>Q@>K@?D@?v?[UI?
CP@OQCDNC?C?CQ@>KEMC?CW[UEAEWCS

T()*+,/8+2-).,/-8,+)-)-/-8,+)03)
--*:+)+8:35 -,/8.3()

7ferkemfqieiferkenkjfdcjfrbkefjmofhkejmkojfefeiomee
niezze}emiimcfeifencbgfoe[UI?@>?KA>?Q@WIAI>?WIRIO?OCDK\M@_?
nkefodiecjmkoinieqfdeiepjihcninkenkeiihcioefeqrdgocdkjmfenke
dkmibenfeghijfeghrocijrihekeiekkqrfenfbefoidkjmfbeg~hcqfbe
P@OQA@RCA?C?MIBCMEWCWI?I?CRCMECA?@>?AI>UMKCW@>_?>@L?@>?C>QIPK@>?WI?
kpqcjqciekekpqsqcieniekbmfefoidkjmsociepjijqkcoiekegimocdf\
DECM?W@>?`ABJ@>?I?IDKEWCWI>?WC?CWOEDE>KACGJ@w?IIAPIA?@?P@DKA@MI?
WC>?@QIACGHI>?WI?PAYWEK@w?I_?CQ@ECA?@?P@DKA@MI?IKIAD@S
rijmfeifefjmofhkemkojfedkjqcfjinfejfeiomeeniezze
podkbkerke}erdeqfjmofhkegfhmcqfenkehkihcninkeqfjms~chekepjij\
PIEAC?I?C?IMI?PCLI?CRIAEBUCAu?QA@LEWCWI?W@>?CK@>?WC?CWOEDE>KACGJ@w?
okrhiocninkenfbeibmfbeg~hcqfbekenfekdgokfenke~kjbeihfokbeke
ncjkcofbeg~hcqfbekepkhekkqrfenfefoidkjmf
 I>O@?[UI?C>?CKEREWCWI>?WI>IOQIDNCWC>?Q@A?I>>I>?W@E>?OI\
PCDE>O@>?CQAI>IDKIO?CMBUOC?>EOEMCAEWCWI_?O@>KAC\>I?DIPI>>]AE@?I?
@Q@AKUD@?AIBE>KACA?>UC>?WEZIAIDGC>_?UOC?RIF?[UI?>J@?WE>KEDK@>S
edkqijcbdfenkefjmofhkejmkojfeiegiomkenieandcjcbmoife
>UL@AWEDC\>I?C@?=WOEDE>KACW@A_?KIDW@?Q@A?ZUDGJ@?CP@OQCDNCA?C?
IIPUGJ@?W@>?CK@>?I?CQ@DKCA_?IO?PCA]KIA?>UBI>KER@_?QAIRIDKER@?@U?
P@AAIKERCOIDKI_?C>?CGHI>?C?>IAIO?WI>IOQIDNCWC>?P@O?RE>KC>?C@?
CKIDWEOIDK@?WC?MIBE>MCGJ@?QIAKEDIDKIS
fdeokhifeifefjmofhkemkojfeqioiqmkocibkegfoebkoekko\
PEW@?Q@A?`ABJ@?CUK D@O@?I?EDWIQIDWIDKI?WC?=WOEDE>KACGJ@_?PCLID\
nfhkekjmokeibeimoc~rckbecjncqinibegkhiezzekkoqkoepbqihci\
fe} kncijmkemiherjfefbe8oc~rjicbenkefjmibenkkdekocpqioe
>I?@>?CK@>?QACKEPCW@>?QIMC?=WOEDE>KACGJ@?I>KJ@?IO?P@DZ@AOEWCWI?
qfdeibejfodibeckjmkbef~bkoijnfbkeiberkbmkbeqfjms~kcbep\
DCDPIEAC>_?@AGCOIDK]AEC>_?@QIACPE@DCE>?I?QCKAEO@DECE>S
ah}dencbbfejfmkbkefeqiosmkoefgcjimcfenfefjmofhkejmkojfe
NCVC?RE>KC?[UI?Q@WI?@U?DJ@?CKIDWIA??QA@Q@>KC?[UI?MNI?>IVC?ZIEKC?
QCAC?CMKIACA?@?O@W@?@U?Z@AOC?WI?QACKEPCA?WIKIAOEDCW@?CK@?AI>\
gfjbi~chcninkekeocbqfenfeandcjcbmoinfoe7fefjmofhkemkojfefe
8oc~rjihenkefjmibegfbbrcegfnkokbegioiecdgfoeqfookkbeieandc\
DE>KACGJ@_?LIO?P@O@?Q@WI?EDKIAREA?IO?MEPEKCGHI>?I?CQMEPCA?>CDGHI>_?
P@O@?OUMKC>?@U_?WIQIDWIDW@?WC?BACREWCWI_?CKY?C?WIPAIKCGJ@?WI?
QIDN@AC?WI?LID>?I?EDIMIBELEMEWCWI?W@?AI>Q@D>]RIMS

'()18+6835 3)-)3:-)*+,/.03),+)
1139)8-23/.73)3+)-/+8)0-)*2/83()

*+,/8+2-).,/-8,+)-)-/-8,+)03)--*:+)
+8:35 -,/8.3
fjmofhke}erdiefodienkedijmkoefekrch~ocfejieokhifekcb\
KIDKI?IDKAI?>KCW@?I?T@PEIWCWI_?ZCFIDW@?>UABEA?WC[UIMI?C>?ZUDGHI>?
[UI?MNI?>J@?QA`QAEC>_?IIAPEWC>?Q@A?OIE@?W@>?>IU>?`ABJ@>_?>IVCO?
I>KI>?MEBCW@>?C@?IPUKER@_?IBE>MCKER@?@U?UWEPE]AE@S
denkqfoojqcienfbegocjqgcfbeniekpqcjqcieindcjcbmoimcieke
niekpqsqcienfbebkrbeimfbefebminfebkeeqkoqinfenkedkqijcbdfbe
WI?P@DKA@MI?WC>?CKEREWCWI>?I>KCKCE>_?BIACW@>?QIMC?DIPI>>EWCWI?WI?>I?
okbrionioeiego6gocieindcjcbmoifeg~hcqie~kdeqfdfefbencokcmfbe
I?BCACDKEC>?P@MIKER@>S
=>>EO_?Z@ACO?PAECW@>?W@E>?KEQ@>?WI?OIPCDE>O@>?WIREWCOIDKI?
iid~ioqinfbegkhiezzefefjmofhkejmkojfeokihcinfegkhfbego6\
gocfbe6ofbenfebminfekefefjmofhkemkojfeokihcinfegkhfe|fnkoe
kcbhimcferke}eirchcinfegkhibefomkbenkefjmib
x4

Y16206b^\g]`6aY6b6aY632Y1ef6aY6^_b^\

D>KEKUE?@?MCD@?MUAECDUCM?WC?DEJ@?QCAC?@?QIA{@W@?WI?xvx?
C?xvS
367eY51aY236a36eY789
136
CG@?>CLIA?[UI?@?
fjokbbfe7iqcfjihenkqokmiekekrebijqcfjfeiebkrcjmkekce
*31s/2+).
0+)123,-435 -,/+)6+7-8,35 -,/32)-)0+)123,+)
128.3,32)
=AKS?v@?>KC?IE?ED>KEKUE?@?MCD@?MUAECDUCM?WC?DEJ@?QCAC?@?
QIA{@W@?WI?xvx?C?xv?\?=?xvx\xv_?IO?PUOQAEOIDK@?C@?
ncbgfbmfejfe#e@?nfeiome"eniefjbmcmrcfeknkoih


=AKS?x@?X?QMCDIVCOIDK@?B@RIADCOIDKCM?Y?C?CKEREWCWI?[UI_?C?
QCAKEA?WI?WECBD`>KEP@>?I?I>KUW@>?QA@>QIPKER@>_?@AEIDKC?C>?I>P@MNC>?
nkegfhmcqibeg~hcqib
=AKS?y@?X?=?xvx\xv?Y?ED>KAUOIDK@?WI?QMCDIVCOIDK@?
fkojidkjmiherkenkpjkencokmockbef~lkmcfbekedkmibeqfdefe
QA@Q`>EK@?WI?RECLEMEFCA?C?EOQMIOIDKCGJ@?I?C?BI>KJ@?WC>?Q@M{KEPC>?
g~hcqibefockjmioeienkpjcfenkegocfocninkbekeirchcioejiegofdffe
W@?WI>IDR@MREOIDK@?>U>KIDK]RIMS
=AKS?z@?X?=?xvx\xv?KIA]?P@O@?WEAIKAEFI>u
?\?C?BCACDKEC?W@>?WEAIEK@>?NUOCD@>?P@O?AIWUGJ@?WC>?
WI>EBUCMWCWI>?>@PECE>_?AIBE@DCE>_?YKDEP@\ACPECE>?I?WI?BDIA@w
?\?C?COQMECGJ@?WC?QCAKEPEQCGJ@?>@PECMw
?\?C?QA@O@GJ@?WC?>U>KIDKCLEMEWCWI?COLEIDKCMw
v?\?C?RCM@AEFCGJ@?WC?WERIA>EWCWI?PUMKUACM?I?WC?EWIDKEWCWI?
DCPE@DCMw
v?\?C?IPIMDPEC?DC?BI>KJ@?QCAC?BCACDKEA?@?QA@REOIDK@?WI?LID>?
I?>IAREG@>??>@PEIWCWIw
v?\?C?BCACDKEC?WC?>@LIACDEC?DCPE@DCMw
eefeirdkjmfeniekpqcjqcienfbeibmfbeg~hcqfb
v?\?@?PAI>PEOIDK@?IP@D OEP@?>U>KIDK]RIMw?I
?\?@?I>K{OUM@?I?C?RCM@AEFCGJ@?WC?IWUPCGJ@_?WC?PEDPEC?I?WC?
KIPD@M@BECS
*31s/2+)..
03)-/8/83)-)+863,.3:+)0+)123,+
=AKS?@?e||ae"eokkmkeibegfhmcqibeg~hcqibekefoijcie
C?CKUCGJ@?B@RIADCOIDKCM?Q@A?OIE@?WI?A@BACOC>?^IO]KEP@>?I?WI?
kbmfe} ijrmkjfekekocfbeifebminfeibbcdenkpjcnfb
?\?A@BACOC?^IO]KEP@u?[UI?IQAI>>C?I?@AEIDKC?C?CGJ@?
B@RIADCOIDKCM?QCAC?C?IDKAIBC?WI?LID>?I?>IAREG@>??>@PEIWCWIw?I
?\?A@BACOC?WI?I>KJ@_? CDUKIDGJ@?I?TIAREG@>?C@?>KCW@u?
[UI?IQAI>>C?I?@AEIDKC?C>?CGHI>?WI>KEDCWC>?C@?CQ@E@_??BI>KJ@?I??
OCDUKIDGJ@?WC?CKUCGJ@?B@RIADCOIDKCMS
|iosoifejcqfee7fecjmkoidefe||ae"efbegofoidibe
WI>KEDCW@>?IPMU>ERCOIDKI?C?@QIACGHI>?I>QIPECE>S
=AKS?@?X?A@BACOC?^IO]KEP@?Y?P@OQ@>K@?Q@A?XLVIKER@>_?
DWEPCW@AI>_?vCM@A?M@LCM?I?vCM@A?WI?IZIADPECS
#e@?e~lkmcfekgokbbieferkenkkebkoekcmfeokkmkeibe
>EKUCGHI>?C?>IAIO?CMKIACWC>?QIMC?EOQMIOIDKCGJ@?WI?UO?P@DVUDK@?WI?
DEPECKERC>?I?KIO?P@O@?CKAELUK@>u
e e ofe kbgfjbskhe 6ofe qrlibe imoc~rckbe dicbe
P@DKAELUIO?QCAC?C?EOQMIOIDKCGJ@?W@?XLVIKER@w
?\? IKCu?OIWEWC?W@?CMPCDPI?W@?XLVIKER@_?Q@WIDW@?>IA?WI?
DCKUAIFC?[UCDKEKCKERC?@U?[UCMEKCKERCw?I
?\?DEPECKERCu?CKAELUK@?[UI?WIPMCAC?C>?IDKAIBC>?WI?LID>?
I?>IAREG@>??>@PEIWCWI_?AI>UMKCDKI>?WC?P@@AWIDCGJ@?WI?CGHI>?
B@RIADCOIDKCE>_?WIP@AAIDKI>?@U?DJ@?W@?@AGCOIDK@S
#e@eeejncqinfoe}erdieokkojqcierkegkodcmkecnkjmcpqioe
I?CZIAEA_?QIAE@WEPCOIDKI_?C>QIPK@>?AIMCPE@DCW@>?C?UO?A@BACOC_?
CUEMECDW@?@?>IU?O@DEK@ACOIDK@?I?CRCMECGJ@S
#e@??X?vCM@A?M@LCM?Y?UOC?I>KEOCKERC?W@>?AIPUA>@>?
@AGCOIDK]AE@>_?DIPI>>]AE@>??P@D>IPUGJ@?W@>?XLVIKER@>_?>IBAIBCWC>?
C>?I>ZIAC>?
E>PCM?I?WC?TIBUAEWCWI?WC?I>ZIAC?WI?DRI>KEOIDK@?WC>?
OQAI>C>?>KCKCE>_?P@O?C>?AI>QIPKERC>?PCKIB@AEC>?IP@D OEPC>_?I?
W@>?AIPUA>@>?WI?@UKAC>?Z@DKI>S
xx

#e@eeeihfoenkekkojqcie}erdegiodkmofepjijqkcofe
kbmi~khkqcnfegfoe|ofoidie8kdsmcqfekbgkqcpqinfegkhibekbkoibe

E>PCM?I?WC?TIBUAEWCWI?I?QIMC?I>ZIAC?WI?DRI>KEOIDK@?WC>?
dgokbibebmimicberkegkodcmcosecnkjmcpqioejfe||ae"e
IOQAIIDWEOIDK@_?[UCDW@?>IU?PU>K@?K@KCM?>UQIACA?C[UIMI?RCM@AS
=AKS?@??DKIBACO?@?=?xvx\xv?@>?>IBUEDKI>?CDI@>u
?\?=DI@??\?A@BACOC>?^IO]KEP@>w
?\?=DI@??\?A@BACOC>?WI?I>KJ@_? CDUKIDGJ@?I?TIAREG@>?
C@?>KCW@w?I
?\?=DI@??\?OQAIIDWEOIDK@>?DWEREWUCMEFCW@>?P@O@?
DEPECKERC>S
*31s/2+)...
03).,/-683:+)*+5 )+)+8:35 -,/+)03),.+ 
=AKS?@?X>?A@BACOC>?P@D>KCDKI>?W@?=?xvx\xv?I>KCAJ@?
IQAI>>@>?DC>?MIE>?@AGCOIDK]AEC>?CDUCE>?I?DC>?MIE>?WI?PAYWEK@?
CWEPE@DCMS
#e @? =>? CGHI>? @AGCOIDK]AEC>? >IAJ@? WE>PAEOEDCWC>?
IPMU>ERCOIDKI?DC>?MIE>?@AGCOIDK]AEC>?CDUCE>S
#e@?5@>?A@BACOC>?^IO]KEP@>_?PCWC?CGJ@?@AGCOIDK]AEC?I>KCA]?
cjqrhinieierdiejcqiejcqcimciekqkmfeibeikbeginofjcinib
#e@?=>?REDPUMCGHI>?IDKAI?CGHI>?@AGCOIDK]AEC>?I?DEPECKERC>?
P@D>KCAJ@?DC>?MIE>?@AGCOIDK]AEC>?CDUCE>S
=AKS?w@?X?vCM@A?M@LCM?W@>?A@BACOC>_?C>? IKC>?I?@>?
IDUDPECW@>?W@>?XLVIKER@>?DJ@?>J@?MEOEKI>??QA@BACOCGJ@?I??
IIPUGJ@?WC>?WI>QI>C>?IQAI>>C>?DC>?MIE>?@AGCOIDK]AEC>?I?DC>?MIE>?
WI?PAYWEK@?CWEPE@DCMS
=AKS?vS?X>?IOQAIIDWEOIDK@>?QMUAECDUCE>?PUV@?vCM@A?M@LCM?
I>KEOCW@?>IVC?EBUCM?@U?>UQIAE@A?C@?vCM@A?WI?IZIADPEC?>J@?
PCACPKIAEFCW@>?WI?ACDWI?@AKI?I?WIRIAJ@?>IA?IQAI>>@>?D@?=?
xvx\xv?P@O@?DEPECKERC>S
#e@?X?OQAIIDWEOIDK@?WI?ACDWI?@AKI?Q@WIA]?>IA?
WI>W@LACW@?DC>?MIE>?@AGCOIDK]AEC>?IO?OCE>?WI?UOC?CGJ@_?QCAC?
IQAI>>CA?>UC?AIBE@DCMEFCGJ@?@U?>IU>?>IBOIDK@>S
#e@?=?@LAEBCK@AEIWCWI?WI?EDWEREWUCMEFCGJ@?D@?=?xvx\xv?
WI?DEPECKERC?WI?[UI?KACKC?@?PCQUK?DJ@?>I?CQMEPC?C@>?OQAIIDWEOIDK@>?
nkeoijnke|fomkepjijqcinfbeqfdeokqrobfbegofkjckjmkbenke
KACD>ZIADPEC>?WC?DEJ@?C?>KCW@>_?E>KAEK@?
IWIACM?I? UDEP{QE@>S
#e@?X? EDE>KYAE@?W@?MCDIVCOIDK@_?XAGCOIDK@?I?I>KJ@?
Q@WIA]?AIBUMCOIDKCA?PAEKYAE@>?CWEPE@DCE>?QCAC?EDWEREWUCMEFCGJ@?WI?
DEPECKERC>?WI?[UI?KACKC?@?PCQUK?WI>KI?CAKEB@S
=AKS?vvS??X>?@AGCOIDK@>?CDUCE>_?P@OQCKELEMEFCW@>?P@O?@?=?
xvx\xv?I?P@O?C>?AI>QIPKERC>?MIE>?WI?WEAIKAEFI>?@AGCOIDK]AEC>_?
>IAJ@?@AEIDKCW@>?QIMC>?WEAIKAEFI>?IQAI>>C>?D@?CAKS?z@?QCAC?@?CMPCDPI?
W@>?XLVIKER@>?P@D>KCDKI>?WI>KI?MCD@S
*31s/2+).7
03)6-/+)0+)123,+
).
3)6
=AKS?vxS??=?BI>KJ@?W@?=?xvx\xv?P@D>E>KI?DC?CAKEPUMCGJ@?
W@>?OIE@>?DIPI>>]AE@>?QCAC?RECLEMEFCA?C?P@D>IPUGJ@?WC>?>UC>?OIKC>_?
>@LAIKUW@_?QCAC?C?BCACDKEC?WI?CPI>>@?W@>?>IBOIDK@>?Q@QUMCPE@DCE>?
dicberhjkoskcbebegfhmcqibeg~hcqibeke~rbqiefeigkokcfidkjmf


?\?W@>?OIPCDE>O@>?WI?EOQMIOIDKCGJ@?I?EDKIBACGJ@?WC>?
Q@M{KEPC>eg~hcqib
eenfbeqocm}ocfbenkeokcfjihcifenibegfhmcqibeg~hcqibek
?\?W@>?OIPCDE>O@>?WI?O@DEK@ACOIDK@_?CRCMECGJ@?I?AIRE>J@?
W@?=?xvx\xvS
|iosoifejcqfeei~koseife} cjcbm}ocfenfe|hijklidkjmfe
oidkjmfekekbmfenkpjcoefbegoifbeibencokmockbekeibefockjmikbe
KYPDEPC>?P@OQMIOIDKCAI>?QCAC?C?BI>KJ@?W@?=?xvx\xvS
=AKS?vyS??=?BI>KJ@?W@?=?xvx\xv?@L>IARCA]?@>?QAEDP{QE@>?
niegr~hcqcninkekpqcjqciecdgkbbfihcninkekqfjfdcqcninkeke
IZIKEREWCWI?I?P@OQAIIDWIA]?C?EOQMIOIDKCGJ@_?@?O@DEK@ACOIDK@_?C?
CRCMECGJ@?I?C?AIRE>J@?W@>?A@BACOC>_?XLVIKER@>?I?DEPECKERC>S
=AKS?vzS??X?@WIA?IPUKER@?OCDKIA]?>E>KIOC?WI?EDZ@AOCGHI>?
QCAC?CQ@E@??BI>KJ@?W@?MCD@_?[UI?>IA]?CKUCMEFCW@?QIAOCDIDKIOIDKI?
kei~oijkoseiekkqrfepjijqkcoienfbe|ofoidibekejcqcimcibefe
CMPCDPI?WC>?OIKC>?I?@?CP@OQCDNCOIDK@?W@>?EDWEPCW@AI>S
|iosoifejcqfeee|fnkoekqrmcfencbgfjc~chciosenke
Z@AOC?I>KAUKUACWC?I?@ABCDEFCWC?DC?DKIADIK?EDZ@AOCGJ@?>@LAI?C?
EOQMIOIDKCGJ@?I?@?CP@OQCDNCOIDK@?W@?=?xvx\xv_?I_?WI?
Z@AOC?P@D>@MEWCWC_?CDUCMOIDKIS
aome"eee|fnkoekqrmcfekjqidcjioseifefjokbbfe
5CPE@DCM?AIMCK`AE@?CDUCM?WI?CRCMECGJ@?W@?MCD@_?[UI?P@DKIA]u?
?\?CRCMECGJ@?W@?P@OQ@AKCOIDK@?WC>?RCAE]RIE>?O CPA@IP@D OEPC>?
[UI?IOLC>CACO?C?IMCL@ACGJ@?W@?MCD@_?IQMEPEKCDW@_?>I?Z@A?@?PC>@_?
ibeoikbenibencbqokgjqcibekocpqinibekjmokefbeihfokbegokcbmfbe
I?@>?AICMEFCW@>w?
?\?>EKUCGJ@_?Q@A?A@BACOC_?W@>?DWEPCW@AI>_?XLVIKER@>?I?
 IKC>w
eekkqrfepjijqkcoienibejcqcimcib
)..
0)5 ))3
=AKS?vS??X?O@DEK@ACOIDK@?W@?=?xvx\xv?Y?CKEREWCWI?
I>KAUKUACWC?C?QCAKEA?WC?EOQMIOIDKCGJ@?WI?PCWC?A@BACOC_?I?
@AEIDKCWC?QCAC?@?CMPCDPI?WC>?OIKC>?QAE@AEK]AEC>?WC?CWOEDE>KACGJ@?
g~hcqieknkoih
=AKS?vS??=?CRCMECGJ@?P@D>E>KI?DC?CD]ME>I?WC>?Q@M{KEPC>?
g~hcqibekenfbe|ofoidibeqfdebkrbeokbgkqmcfbeimoc~rmfbe
Z@ADIPIDW@?>UL>{WE@>?QCAC?IRIDKUCE>?CVU>KI>?IO?>UC?Z@AOUMCGJ@?I?
EOQMIOIDKCGJ@S
=AKS?vS??X?@WIA?IPUKER@?QA@O@RIA]?C?CW@GJ@?WI?
OIPCDE>O@>?WI?I>K{OUM@??P@@QIACGJ@?ZIWIACKERC?P@O?RE>KC>??
QA@WUGJ@_?C@?EDKIAP7OLE@?I??WE>>IOEDCGJ@?WI?EDZ@AOCGHI>?QCAC?
br~bcncioeiekbmfenibegfhmcqibeg~hcqib
*31s/2+)7
03)0.1+.:-)6-83.
aomeeefegocfocninkbenieindcjcbmoifeg~hcqieknkoihefe
|ofoidienkeaqkhkoifenfeokbqcdkjmfee|aefe|hijfeoibchebkde
} cb}ociee|} ekeibenkpjcnibejibehkcbenkencokmockbefoidkjmsocib
aomeee|ioiepjbenkeimkjncdkjmfeifencbgfbmfejfe#e@?W@?
iomeeniefjbmcmrcfeknkoihefecjkbmcdkjmfeghrocijrihegioie
@?QIA{@W@?WI?xvx?C?xv_?I>K]?EDPMU{W@?D@?vCM@A?M@LCM?W@>?
A@BACOC>S
x

|iosoifejcqfeeaehkcefoidkjmsocieijrihekebkrbeijkfbe
WIKCMNCAJ@?@>?EDRI>KEOIDK@>?WI?[UI?KACKC?@?PCQUK_?QCAC?@?CD@?WI?
>UC?REBDPECS
aomeeefjbcnkoibkeokcbfenfe||a"eiecjqhrbfe
C?IPMU>J@?@U?C?CMKIACGJ@?WI?A@BACOC>S
#e@??=?AIRE>J@?WI?[UI?KACKC?@?PCQUK_?AI>>CMRCW@?@?WE>Q@>K@?D@>?
##e@?I?@?WI>KI?CAKEB@_?>IA]?QA@Q@>KC?QIM@?@WIA?IPUKER@?Q@A?
OIE@?WI?QA@VIK@?WI?MIES
#e@??X>?QA@VIK@>?WI?MIE?WI?AIRE>J@?W@?MCD@?MUAECDUCM?[UI?
EDPMUCO?A@BACOC?^IO]KEP@?@U?XLVIKER@?WIRIAJ@?P@DKIA?@>?
AI>QIPKER@>?CKAELUK@>S
#e@eefjbcnkoibkeihmkoifenke|ofoidieiecjqhrbfeie
IPMU>J@?@U?C?CMKIACGJ@?WI?XLVIKER@>_?DEPECKERC>?I? IKC>S??
#e@??X?@WIA?IPUKER@_?QCAC?P@OQCKELEMEFCA?C>?CMKIACGHI>?
QA@O@REWC>?QIMC>?MIE>?@AGCOIDK]AEC>?CDUCE>?I?QIMC>?MIE>?WI?PAYWEK@?
CWEPE@DCM_?WIRIA]u??
?\?CMKIACA?@?vCM@A?M@LCM?W@?A@BACOCw??
?\?EDPMUEA_?IPMUEA?@U?CMKIACA?DEPECKERC>w?
?\?CWI[UCA?C>?REDPUMCGHI>?IDKAI?CGHI>?@AGCOIDK]AEC>?I?
DEPECKERC>w?I?
v?\?EDPMUEA_?IPMUEA?@U?CMKIACA? IKC>w?
#e"@eee|fnkoekqrmcfepqieirmfocinfeiecjqhrcoekqhrcoefre
CMKIACA?C>?EDZ@AOCGHI>?BIAIDPECE>?I?@>?>IBUEDKI>?CKAELUK@>u?
?\?DWEPCW@Aw?
?\?vCM@A?WI?IZIADPECw?
?\? IKC?WI?PCA]KIA?[UCMEKCKER@_?PUVC?EOQMIOIDKCGJ@?DJ@?
EOQCPKI?C?IIPUGJ@?WC?WI>QI>C?@AGCOIDK]AECw?
eeofekbgfjbskheke
eejcqcimciebkdepjijqcidkjmfefoidkjmsocfe
#e@eeabedfncpqikbekkmrinibejfbemkodfbenfbe##e@?I?
@?nkkofebkoecjfodinibeefdcbbfe} cbmienke|hijfbeoidkjmfbe
|~hcqfbekecbqihcife
=AKS?xxS??>KC?IE?IDKAC?IO?REB@A?DC?WCKC?WI?>UC?QULMEPCGJ@S??
AC>{MEC_?v?WI?VCDIEA@?WI?xvxw?vwv@?WC?DWIQIDWDPEC?I?
vxz@?niekg~hcqie
 =?XTT

004230
>KI? KIK@? DJ@? >UL>KEKUE? @? QULMEPCW@? D@? X? WI?
vwSvSxvx_?okmcpqiniekde?I?okmcpqiniekdezz
113))'S'6
=AKI?I?PUMKUAC?>J@?I>>IDPECE>?C@>?>E>KIOC>?WI?ED@RCGJ@?WI?UOC?
>@PEIWCWI?I?WI?UO?QC{>S?
TUC?Z@AGC?>EOL`MEPC?I?WED7OEPC?IP@D OEPC?QA@WUF_?C?UO?>`?
mkdgfeigofrjnidkjmfenieqcninijcierihcpqifenkeid~ckjmkbe
>@PECE>_?PAECKEREWCWI?I?ED@RCGJ@_?>U>KIDKCLEMEWCWI_?AI>QIEK@??
WERIA>EWCWI?I?AIWUGJ@?WI?D{RIE>?WI?RE@MDPEC?WEAIKCS?
?Q@A?OIE@?W@>?RCM@AI>?PUMKUACE>?[UI?C?QI>>@C?IDIABC\>I?
P@O@?>UVIEK@?QIAKIDPIDKI?C?UOC?DCGJ@S?
=?Q@M{KEPC?PUMKUACM?Y?ZCK@A?WI?EDPMU>J@?>@PECM_?>IO?@?[UCM?C?
AIWUGJ@?WI?WI>EBUCMWCWI>?DJ@?BIAC?COLEIDKI>?WI?QA@>QIAEWCWI?
>ULVIKERC_?UOC?RIF?[UI?I>KIVCO?IPMU{WC>?WI?@QGHI>?WI?MCFIA_?
CMKIADCKERC>?WI?BIACGJ@?WI?AIDWC?I?COQMECGJ@?WI?Q@>>ELEMEWCWI>?WI?
P@OUDEPCGJ@?I?PAECGJ@S


TIO?WEAEBE>O@?I?EDKIAZIADPEC?D@?QA@PI>>@?PAECKER@_?C@?>KCW@?
PCLI_?P@O?C?QCAKEPEQCGJ@?WC?>@PEIWCWI_?C>>UOEA?>IU?QCQIM?D@?
QMCDIVCOIDK@?I?Z@OIDK@?WC>?CKEREWCWI>?PUMKUACE>_?DC?QAI>IARCGJ@?I?
RCM@AEFCGJ@?W@?QCKAEO DE@?PUMKUACM?OCKIAECM?I?EOCKIAECM?W@?QC{>?I?D@?
I>KCLIMIPEOIDK@?WI?OCAP@>?AIBUMCK`AE@>?QCAC?C?IP@D@OEC?PAECKERCS?
=?CKUCGJ@?W@?>KCW@?D@?PCOQ@?WC?PUMKUAC_?IDKAIKCDK@_?DJ@?
>UL>KEKUE?@?QCQIM?WC?>@PEIWCWI?PEREM_?P@O?@?[UCM?WIRI?CKUCA?IO?
QCAPIAECS?
aeimrifenkdfqosmcqienfebminfejiekbmfeg~hcqienieqrhmroie
DJ@?>I?P@D>KEKUE_?C>>EO_?IO?COICGC??MELIAWCWI_?OC>_?C@?P@DKA]AE@_?
C>>IBUAC?@>?OIE@>?QCAC?@?WI>IDR@MREOIDK@?WC?PUMKUAC?P@O@?WEAIEK@?
WI?K@W@>S?
X?EOQ@AKCDKI?Y?[UI?C?BI>KJ@?>IVC?KACD>QCAIDKI?I?C>>IBUAI?C?
QCAKEPEQCGJ@?I?@?P@DKA@MI?>@PECMS?
?KCOLYO?EOQ@AKCDKI?@?QCQIM?W@>?I>KCW@>?I?W@>?OUDEP{QE@>?DC?
@ZIAKC?WI?LID>?I?>IAREG@>?PUMKUACE>S?
aedicfoegofcdcninkenkbbkbekjmkbenfeg~hcqfeimkjncnfegkhie
CGJ@?B@RIADCOIDKCM?QA@QEPEC?P@DWEGHI>?ZCR@A]RIE>??CWI[UCGJ@?WC?
Q@M{KEPC?>?OCDEZI>KCGHI>?PUMKUACE>?K{QEPC>?WI?PCWC?P@OUDEWCWIS?
X?@RIAD@?
IWIACM_?Q@A?>UC?RIF_?WI>IOQIDNC?UO?EOQ@AKCDKI?
QCQIM?WI?EDWUK@A?W@>?EDRI>KEOIDK@>?DC?]AIC_?LIO?P@O@?WI?QA@Q@>EK@A?
I?BI>K@A?WI?EOQ@AKCDKI>?Q@M{KEPC>?WI?CMPCDPI?DCPE@DCMS?
=QI>CA?W@>?CRCDG@>?AIPIDKI>_?@?[UCWA@?CKUCM?WC?]AIC?CEDWC?Y?WI?
AI>KAEGHI>?D@?CPI>>@??PUMKUACS?
I?CP@AW@?P@O?WCW@>?W@?_?IO?xw_?CQIDC>?w_v ?W@>?
OUDEP{QE@>?LAC>EMIEA@>?KEDNCO?>CMC>?WI?PEDIOC_?xv_v ?KEDNCO?
KICKA@>?@U?>CMC>?WI?I>QIK]PUM@>_?xy_y _?OU>IU>?I?xw_ _?PIDKA@>?
PUMKUACE>S?
infbenfe} cjcbm}ocfenierhmroiemid~}deigfjmiderkekde
x_?CQIDC>?vz ?W@>?LAC>EMIEA@>?ZAI[UIDKCRCO?@?PEDIOC?C@?OID@>?
UOC?RIF?C@?O>_?>IDW@?[UI?C?ZAI[UDPEC?W@?>IBOIDK@?WI?OCE@A?
AIDWC?WC?Q@QUMCGJ@?IAC?PIAPC?WI?[UCKA@?RIFI>?>UQIAE@A??ZAI[UDPEC?
W@?WI?OID@A?AIDWCw? ?W@>?LAC>EMIEA@>?DUDPC?C>>E>KEACO?C?UO?
I>QIK]PUM@?WI?WCDGC_?ID[UCDK@?wy_z ?VCOCE>?ZAI[UIDKCACO?UOC?
IQ@>EGJ@?WI?CAKIw?@?LAC>EMIEA@?M_?IO?OYWEC_?v_?MERA@?Q@A?CD@_?C@?
QC>>@?[UI?@?ZACDP>_?_?I?@?P@M@OLECD@_?x_zS?
ah}deniefkomienkebkocfbeqrhmroicbefrmofbeimfokbecjrkjqcide
@?CPI>>@?WC??Q@QUMCGJ@?C@>?LID>?PUMKUACE>_?P@O@?@?D{RIM?WI?AIDWCS?
egfbbkhekocpqioeieokhifekjmokeokjniekeiqkbbfeeqrhmroiegfoe
OIE@?WC?ACFJ@?IDKAI?WI>QI>C>?P@O?@?EKIO?=MEOIDKCGJ@?I?@?EKIO?
kqokifekerhmroieqihqrhinieiegiomcoenie|kbrcbienkeoidkjmfbe
idchciokbe|enfeegioiefegkofnfez
XL>IARC\>I?[UI?[UCDK@?OID@AI>?@>?AIDWEOIDK@>_?OCE@A?KIDWI?
C?>IA?I>>C?ACFJ@S?X>?WE>QDWE@>?WC>?ZCO{MEC>?P@O?OID@A?AIDWEOIDK@?
ZCOEMECA?OID>CM?P@O?CMEOIDKCGJ@?>J@?xz_?RIFI>?@?WE>QDWE@?P@O?
AIPAICGJ@?I?PUMKUAC_?C@?QC>>@?[UI?QCAC?C>?ZCO{MEC>?WC?OCE@A?ZCEC?WI?
AIDWEOIDK@?I>>C?ACFJ@?PCE?QCAC?_S?
kocpqibkemid~}defeqokbqcdkjmfenfefdkjmfeeqrhmroie
gfoedkcfenieokjjqciepbqihejfbehmcdfbeijfbeqfjbkrjqcie
W@?QA@PI>>@?DCKUACM?WI?P@DNIPEOIDK@?WC>?MIE>?[UI?I>KEOUMCO?C?
rmchcifenkecjqkjmcfbepbqicbekde~kjkqcfenkegoflkmfbeqrhmroicbe
[UI?>J@?AICMEFCW@>?D@?QC{>?I?W@?QA`QAE@?PAI>PEOIDK@?WC?IP@D@OEC?
LAC>EMIEAC_?CMECW@?C?I>KACKYBEC>?WI?AI>Q@D>CLEMEWCWI?>@PECM?I?BI>KJ@?
WI?EOCBIO?IOQAI>CAECMS?
5J@?@L>KCDKI?@?CUOIDK@?CL>@MUK@?W@?EDRI>KEOIDK@?Z@OIDKCW@_?
C?P@DPIDKACGJ@?AIBE@DCM?CEDWC?Y?QAI@PUQCDKI_?WIOCDWCDW@?
ED>KAUOIDK@>?AIBUMCW@AI>?QCAC?C?WI>P@DPIDKACGJ@_?P@O@?D@?PC>@?
niegofgfbmienkehkcbhifefoiekdemodcmkejfefjokbbfe7iqcfjihe
rkeqocieefe|ofoidie7iqcfjihenkerhmroie|oferhmroi
x

7fbehmcdfbeijfbeig6begkofnfebkjnfebrbmkjminfegkhie
cbfehcdcminieniecjnbmocienfekjmokmkjcdkjmfekenibeh6cqibe
OIAPCW@M`BEPC>_?@?>IK@A?PUMKUACM?QC>>@U?C?P@DKCA?P@O?Q@M{KEPC>?
g~hcqibe~ibkinibejrdiecbfedicbeidghiemfdiniejibencdkjbkbe
>EOL`MEPC_?>@PECM?I?IP@D OEPCS?
bbiejfiefockjmifegfbbc~chcmfreikbeg~hcqibefhminibe
QCAC?C?WERIA>EWCWI?PUMKUACM?LAC>EMIEAC_?AIRIMCDW@?>UC?AE[UIFC?I?
EOQ@AK7DPECS?IDKAI?C>?P@D[UE>KC>?AIPIDKI>?W@?>IK@A?PUMKUACM_?RCMI?
WI>KCPCA?C?AICMEFCGJ@?WI?WUC>?P@DZIADPEC>?DCPE@DCE>?WI?PUMKUAC_?IO?
x?I?xv_?I?C?EOQMIOIDKCGJ@?WI?QA@BACOC>?I>KAUKUACW@AI>?WC?
WERIA>EWCWI?I?W@?CPI>>@??PUMKUACS?
X?B@RIAD@?ZIWIACM?QC>>@U?C?Z@AOUMCA?I?EOQMIOIDKCA?Q@M{KEPC>?
WI?PUMKUAC?QCAC?>IBOIDK@>?[UI?DJ@?KEDNCO?CPI>>@?C@>?OIPCDE>O@>?
WI?CQ@E@?CKY?IDKJ@?IE>KIDKI>_?P@O@?OED@AEC>?>@PE@PUMKUACE>?I?
PUMKUAC>?Q@QUMCAI>S?
e|ofoidierhmroie|okbkoife|ofdffekeaqkbbfe~rbqie
OCDKIA?I?CQA@ZUDWCA?I>>I?O@REOIDK@S?^IDW@?Q@A?LC>I?P@DPIEKUCM?I?
gofoidsmcqiefe|hijfe7iqcfjihenkerhmroie|7e}ejfomkinfegkhfe
P@OLCKI?>?AIMCGHI>?C>>EOYKAEPC>?I?IPMUWIDKI>?[UI?NE>K@AEPCOIDKI?
PCACPKIAEFCO?@?CPI>>@??PUMKUAC?I??CAKI?D@?QC{>_?@?A@OQEOIDK@?WC?
Z@AGC?EDIAPECM?WC?WI>EBUCMWCWI?>@PE@PUMKUACM_?C?WEZU>J@?WC>?CAKI>?
LAC>EMIEAC>?I?C?QA@O@GJ@?WC?PAECGJ@_?WC?QA@WUGJ@_?W@?CPI>>@?I?WC?
QAI>IARCGJ@?PUMKUACE>S?
IDKAI?C>?QAEDPEQCE>?OIKC>?W@?A@BACOC_?WI>KCPCO\>Iu?C?
kgijbfekeqfjbfhcnifenfecbmkdie7iqcfjihenkerhmroieqocijnf
>I?C>>EO?UOC?AIWI?EDKIBACWC?WI?QMCDIVCOIDK@?I?IIPUGJ@?WC?Q@M{KEPC?
PUMKUACMw?C?IMCL@ACGJ@?WI?D@R@>?ED>KAUOIDK@>?I?@?CQIAZIEG@COIDK@?
W@>? ED>KAUOIDK@>? IE>KIDKI>? D@? PCOQ@? WC? QA@KIGJ@? W@>?
P@DNIPEOIDK@>?I?WC>?IQAI>>HI>?Q@QUMCAI>?I?KACWEPE@DCE>w?@?CQ@E@?
edfnkojcifekecdghijmifenkedrbkrbe~c~hcfmkqibeg~hcqibeke
kbgifbejfeqfdkoqcicbenkekc~cfenkeqfjmknfbeirncfcbricbe
feigkokcfidkjmfenfbecjbmordkjmfbenkecjqkjmcfepbqiheqfdeie
cdghijmifenfe|ofrhmroiefefdkjmfeeorcfenke~kjbebkocfbe
I?IQAI>>HI>?CAK{>KEPC>_?IO?I>QIPECM?P@O?C?EOQMCDKCGJ@?W@?RCMI\
qrhmroiekeiecdghijmifenibe|oiibenfbebgfomkbekenierhmroiekde
]AIC>?WI?RUMDIACLEMEWCWI?>@PECM?WC>?OYWEC>?I?BACDWI>?PEWCWI>_?
qfjfodkegokcbmfejfe|ae

''()8-1+,3;.2.030-)1.*32(

Y16fd 7
Yd Y23e6206b_b`6
aY6[6aY6d 31f6aY6^___\
bmi~khkqkejfodibenkepjijibeg~hcqibefhminibegioieie
okbgfjbi~chcninkejiekbmfepbqihekensefrmoibegofcnjqcib
66666666
f67eY51aY2Y6a36eY789
136ifebi~koerkefefj\
okbbfe7iqcfjihenkqokmiekekrebijqcfjfeiebkrcjmkekcefdghkdkj\
KCAu
*31s/2+).
0.1+.:-)18-2.5 .,38-

?
=AKS?v@6bmiekcefdghkdkjmioekbmi~khkqkejfodibenkepjij\
ibeg~hcqibefhminibegioieieokbgfjbi~chcninkejiekbmfepbqiheqfde
idgiofejfeigmrhfeenfe8mrhfeeniefjbmcmrcf


#e@?aeokbgfjbi~chcninkejiekbmfepbqihegokbbrgkeieifeghi\
DIVCWC?I?KACD>QCAIDKI_?IO?[UI?>I?QAIREDIO?AE>P@>?I?P@AAEBIO?WI>\
cfbeqigikbenkeikmioefekrch~ocfenibeqfjmibeg~hcqibedkncijmkefe
PUOQAEOIDK@?WI?OIKC>?WI?AI>UMKCW@>?IDKAI?AIPIEKC>?I?WI>QI>C>?I?C?
f~kncjqcieiehcdcmkbekeqfjnckbejferkemijkeieokjjqcienkeokqkc\
KC_?BIACGJ@?WI?WI>QI>C>?P@O?QI>>@CM_?WC?>IBUAEWCWI?>@PECM?I?@UKAC>_?
W{REWC>?P@D>@MEWCWC?I?O@LEME]AEC_?@QIACGHI>?WI?PAYWEK@_?EDPMU>ERI?
Q@A?CDKIPEQCGJ@?WI?AIPIEKC_?P@DPI>>J@?WI?BCACDKEC?I?ED>PAEGJ@?IO?
I>K@>?C?CBCAS
#e@?abencbgfbckbenkbmiekcefdghkdkjmioef~ocideiejcfe
@>?>KCW@>_?@?E>KAEK@?
IWIACM?I?@>? UDEP{QE@>S
#e@?5C>?AIZIADPEC>u
?\??DEJ@_?C@>?>KCW@>_?C@?E>KAEK@?
IWIACM?I?C@>? UDEP{QE@>_?
I>KJ@?P@OQAIIDWEW@>u
i2@?@WIA?IPUKER@_?@?@WIA?IBE>MCKER@_?DI>KI?CLACDBEW@>?
fbe8oc~rjicbenkefjmibefe|fnkoerncqcsocfekefe} cjcbm}ocfe|~hcqf
~2C>?AI>QIPKERC>?CWOEDE>KACGHI>?WEAIKC>_?ZUDW@>_?CUKCA[UEC>_?
ZUDWCGHI>?I?IOQAI>C>?I>KCKCE>?WIQIDWIDKI>w
?\?C?>KCW@>?IDKIDWI\>I?P@D>EWIACW@?@?E>KAEK@?
IWIACMw
eeie8oc~rjicbenkefjmibekbmfecjqhrnfbe8oc~rjihenkefjmibe
niejcfe8oc~rjihenkefjmibenfebminfekerijnfefrkoe8oc~r\
jihenkefjmibenfbe} rjcqgcfbeke8oc~rjihenkefjmibenfe} rjcqgcf
=AKS?x@6|ioiefbekkcmfbenkbmiekcefdghkdkjmioekjmkjnkbke
P@O@u
?\?IDKI?WC?
IWIACGJ@u?C?DEJ@_?PCWC?>KCW@_?@?E>KAEK@?
IWIACM?
I?PCWC? UDEP{QE@w
?\?IOQAI>C?P@DKA@MCWCu?>@PEIWCWI?PUVC?OCE@AEC?W@?PCQEKCM?>@\
PECM?P@O?WEAIEK@?C?R@K@?QIAKIDGC_?WEAIKC?@U?EDWEAIKCOIDKI_?C?IDKI?WC?

IWIACGJ@w
?\?IOQAI>C?I>KCKCM?WIQIDWIDKIu?IOQAI>C?P@DKA@MCWC?[UI?AI\
qk~ienfekjmkeqfjmofhinfoeokqrobfbepjijqkcofbegioiegiidkjmfenke
WI>QI>C>?P@O?QI>>@CM?@U?WI?PU>KIE@?IO?BIACM?@U?WI?PCQEKCM_?IPMU{\
nfbejfehmcdfeqibfeirkhkbegofkjckjmkbenkeirdkjmfenkegiomcqc\
QCGJ@?CPE@D]AECw
v?\?AIPIEKC?P@AAIDKI?M{[UEWCu?>@OCK`AE@?WC>?AIPIEKC>?KAELUK]\
AEC>_?WI?P@DKAELUEGHI>_?QCKAEO@DECE>_?EDWU>KAECE>_?CBA@QIPU]AEC>_?WI?
>IAREG@>_?KACD>ZIADPEC>?P@AAIDKI>?I?@UKAC>?AIPIEKC>?KCOLYO?P@AAID\
KI>_?WIWUFEW@>u
i2DC?DEJ@_?@>?RCM@AI>?KACD>ZIAEW@>?C@>?>KCW@>?I? UDEP{QE@>?
Q@A?WIKIAOEDCGJ@?P@D>KEKUPE@DCM?@U?MIBCM_?I?C>?P@DKAELUEGHI>?OID\
PE@DCWC>?DC?CM{DIC?C?W@?EDPE>@??I?D@?EDPE>@??W@?CAKS?vw_?I?D@?CAKS?
eniefjbmcmrcfw
~2D@>?>KCW@>_?C>?QCAPIMC>?IDKAIBUI>?C@>? UDEP{QE@>?Q@A?WI\
KIAOEDCGJ@?P@D>KEKUPE@DCMw
q2DC?DEJ@_?D@>?>KCW@>?I?D@>? UDEP{QE@>_?C?P@DKAELUEGJ@?W@>?
>IAREW@AI>?QCAC?@?PU>KIE@?W@?>IU?>E>KIOC?WI?QAIREWDPEC?I?C>>E>KD\
qciebfqcihekeibeokqkcmibegofkjckjmkbenieqfdgkjbifepjijqkcoie
PEKCWC?D@?#eenfeiomeeniefjbmcmrcfS
#e@?TIAJ@?P@OQUKCW@>?D@?P]MPUM@?WC?AIPIEKC?P@AAIDKI?M{[UEWC?
@>?RCM@AI>?QCB@>?I?AIPILEW@>?IO?WIP@AADPEC?WC?kcefdghkdkjmioe
D@?_?WI?vy?WI?>IKIOLA@?WI?vww_?I?W@?ZUDW@?QAIRE>K@?QIM@?CAKS??W@?=K@?WC>?
cbgfbckbefjbmcmrqcfjicbe8oijbcm6ocibS
#e@?5J@?>IAJ@?P@D>EWIACW@>?DC?AIPIEKC?P@AAIDKI?M{[UEWC?W@?E>\
KAEK@?
IWIACM?I?W@>?>KCW@>?W@?=OCQ]?I?WI?@ACEOC?@>?AIPUA>@>?
AIPILEW@>?WC?DEJ@?QCAC?CKIDWEOIDK@?WC>?WI>QI>C>?WI?[UI?KACKC?@?
cjqcbfeenfe#e@?W@?CAKS?vwS
x

#e@?=?AIPIEKC?P@AAIDKI?M{[UEWC?>IA]?CQUACWC?>@OCDW@\>I?C>?
AIPIEKC>?CAAIPCWCWC>?D@?O>?IO?AIZIADPEC?I?D@>?@DFI?CDKIAE@AI>_?
IPMU{WC>?C>?WUQMEPEWCWI>S
*31s/2+)..
0+)123,-435 -,/+
).
0)1)1
=AKS?y@6e8a
)..
0)2))0)+
=AKS?z@6=?MIE?WI?WEAIKAEFI>?@AGCOIDK]AEC>?CKIDWIA]?@?WE>Q@>K@?
D@?#e@?nfeiome"eniefjbmcmrcf?Iu
?\?WE>Q@A]?KCOLYO?>@LAIu
iekrch~ocfekjmokeokqkcmibekenkbgkbib
~eqocm}ocfbekefodienkehcdcmifenkekdgkjfeiebkoekkmcinie
DC>?NEQ`KI>I>?QAIRE>KC>?DC?CM{DIC? ?W@?EDPE>@??WI>KI?CAKEB@_?D@?CAKS?
w@?kejfecjqcbfeenfe#e@?W@?CAKS?yvw
qee8a
nee8a
kejfodibeokhimcibeifeqfjmofhkenkeqrbmfbekeeiihcifenfbeok\
brhminfbenfbegofoidibepjijqcinfbeqfdeokqrobfbenfbefoidkjmfb
eenkdicbeqfjnckbekekcjqcibegioiemoijbkojqcibenkeokqro\
bfbeiekjmcninkbeg~hcqibekegocinib
?\?e8a
?\?e8a
#e@?DKIBACA]?@?QA@VIK@?WI?MIE?WI?WEAIKAEFI>?@AGCOIDK]AEC>?=DI\
@?WI? IKC>?
E>PCE>_?IO?[UI?>IAJ@?I>KCLIMIPEWC>?OIKC>?CDUCE>_?IO?
RCM@AI>?P@AAIDKI>?I?P@D>KCDKI>_?AIMCKERC>?C?AIPIEKC>_?WI>QI>C>_?AI\
brhminfbejfdcjihekegocdsocfekedfjmijmkeniencnieg~hcqiegioiefe
IIAP{PE@?C?[UI?>I?AIZIAEAIO?I?QCAC?@>?W@E>?>IBUEDKI>S
#e@?X?=DI@?P@DKIA]_?CEDWCu
?\?CRCMECGJ@?W@?PUOQAEOIDK@?WC>?OIKC>?AIMCKERC>?C@?CD@?CD\
KIAE@Aw
?\?WIO@D>KACKER@?WC>?OIKC>?CDUCE>_?ED>KAU{W@?P@O?OIO`AEC?I?
dkmfnfhfcienkeqshqrhferkelrbmcprkdefbeokbrhminfbegokmkjncnfbe
qfdgioijnfibeqfdeibepinibejfbemobekkoqqcfbeijmkocfokbekekc\
WIDPECDW@?C?P@D>E>KDPEC?WIMC>?P@O?C>?QAIOE>>C>?I?@>?@LVIKER@>?WC?
Q@M{KEPC?IP@D OEPC?DCPE@DCMw
eekfhrfenfegimocdjcfehrcnfemid~}dejfbehmcdfbemobe
IIAP{PE@>_?WI>KCPCDW@?C?@AEBIO?I?C?CQMEPCGJ@?W@>?AIPUA>@>?@LKEW@>?
P@O?C?CMEIDCGJ@?WI?CKER@>w
eeiihcifeniebcmrifepjijqkcoiekeimriocih
ienfbeokcdkbekoihenkegokcnjqciebfqcihekego6gocfenfbebkoc\
nfokbeg~hcqfbekenferjnfenkeadgiofeife8oi~ihinfo
~enfbenkdicberjnfbeg~hcqfbekegofoidibekbmimicbenkejimr\
AIFC?CKUCAECMw
eenkdfjbmoimcfeniekbmcdimciekeqfdgkjbifenieokjjqcie
WI?AIPIEKC?I?WC?OCABIO?WI?IQCD>J@?WC>?WI>QI>C>?@LAEBCK`AEC>?WI?
PCA]KIA?P@DKEDUCW@S
#e@?=?MIE?WI?WEAIKAEFI>?@AGCOIDK]AEC>?P@DKIA]?=DI@?WI?E>P@>?

E>PCE>_?@DWI?>IAJ@?CRCMECW@>?@>?QC>>ER@>?P@DKEDBIDKI>?I?@UKA@>?AE>\
qfbeqigikbenkeikmioeibeqfjmibeg~hcqibecjfodijnfeibegofcnj\
PEC>?C?>IAIO?K@OCWC>_?PC>@?>I?P@DPAIKEFIOS


#e@?=?OID>CBIO?[UI?IDPCOEDNCA?@?QA@VIK@?WC?DEJ@?CQAI\
bkjmiosekdeijkfekbgkqpqfefbef~lkmcfbenibegfhmcqibedfjkmsocie
PAIWEK{PEC?I?PCOLECM_?LIO?P@O@?@>?QCA7OIKA@>?I?C>?QA@VIGHI>?QCAC?
>IU>?QAEDPEQCE>?CBAIBCW@>?Ieiocskcbekeicjnieibedkmibenkecjife
QCAC?@?IIAP{PE@?>UL>I[IDKIS

#e@?be~ihijfbemocdkbmoicbenfeijqfekjmoihenfeoibcheqfj\
KIAJ@?D@KC>?IQMEPCKERC>?>@LAI?@>?PU>K@>?WC?AIOUDIACGJ@?WC>?WE>\
Q@DELEMEWCWI>?W@?^I>@UA@?5CPE@DCM?I?WC?OCDUKIDGJ@?WC>?AI>IARC>?
PCOLECE>?I?C?AIDKCLEMEWCWI?WI?>UC?PCAKIEAC?WI?K{KUM@>_?WI>KCPCDW@?@>?
WI?IOE>>J@?WC?DEJ@S

)...
0)2)+)3

).7
0)-)+)))*))5

=AKS?@?X?QA@VIK@?WI?MIE?@AGCOIDK]AEC?CDUCM_?IMCL@ACW@?WI?Z@A\
OC?P@OQCK{RIM?P@O?@?QMCD@?QMUAECDUCM_?P@O?C?MIE?WI?WEAIKAEFI>?@A\
idkjmsocibekeqfdeibejfodibenkbmiekcefdghkdkjmio
?\?P@DKIA]_?IO?CDI@_?WIO@D>KACKER@?WC?P@OQCKELEMEWCWI?WC?
QA@BACOCGJ@?W@>?@AGCOIDK@>?P@O?@>?@LVIKER@>?I?OIKC>?P@D>KCDKI>?
nfenfqrdkjmfenkerkemoimiefe#e@?W@?CAKS?z@w
?\?>IA]?CP@OQCDNCW@?W@?W@PUOIDK@?C?[UI?>I?AIZIAI?@?#e@?W@?
iome"eniefjbmcmrcf
e~kdeqfdfenibedkncnibenkeqfdgkjbifeieokjj\
PEC>?WI?AIPIEKC?I?C@?CUOIDK@?WI?WI>QI>C>?@LAEBCK`AEC>?WI?PCA]KIA?
P@DKEDUCW@w
?\?P@DKIA]?AI>IARC?WI?P@DKEDBDPEC_?PUVC?Z@AOC?WI?UKEMEFCGJ@?
kedfjmijmkenkpjcnfeqfde~ibkejieokqkcmieqfookjmkehrcniebkofe
I>KCLIMIPEW@>?DC?MIE?WI?WEAIKAEFI>?@AGCOIDK]AEC>_?WI>KEDCWC?C@u
iee8a
~eimkjncdkjmfenkegibbcfbeqfjmcjkjmkbekefrmofbeocbqfbeke
kkjmfbepbqicbecdgokcbmfb
e#e@?8fnibeibenkbgkbibeokhimcibeencnieg~hcqiedf~chcsocie
@U?P@DKACKUCM_?I?C>?AIPIEKC>?[UI?C>?CKIDWIAJ@_?P@D>KCAJ@?WC?MIE?@A\
GCOIDK]AEC?CDUCMS
#e@?eokpjijqcidkjmfeniencnieg~hcqieqfjbmiosebkgioini\
OIDKI?DC?MIE?@AGCOIDK]AEC?I?DC>?WI?PAYWEK@?CWEPE@DCMS
#e@?=?CKUCMEFCGJ@?O@DIK]AEC?W@?QAEDPEQCM?WC?W{REWC?O@LEME]AEC?
okpjijqciniejfegfnkosebrgkoioeieiocifenfejncqkenkegokfbe
QAIRE>K@?DC?MIE?WI?WEAIKAEFI>?@AGCOIDK]AEC>_?@U?IO?MIBE>MCGJ@?I>\
gkqpqi
#e@??RIWCW@?P@D>EBDCA?DC?MIE?@AGCOIDK]AEC?PAYWEK@?P@O?
pjihcninkecdgokqcbiefreqfdenfmifechcdcmini
#e"@?=?MIE?@AGCOIDK]AEC?DJ@?P@D>EBDCA]?W@KCGJ@?QCAC?EDRI>KE\
dkjmfeqfdenroifebrgkocfoeierdekkoqqcfepjijqkcoferkejfe
I>KIVC?QAIRE>K@?D@?QMCD@?QMUAECDUCM?@U?IO?MIE?[UI?CUK@AEFI?C?>UC?
EDPMU>J@_?P@DZ@AOI?WE>Q@>K@?D@?#e@nfeiomeeniefjbmcmrcfS
#e@?DKIBACAJ@?C>?WI>QI>C>?WC?DEJ@_?I?>IAJ@?EDPMU{WC>?DC?MIE?
foidkjmsocieibenfeijqfekjmoihenfeoibcheokhimcibeiegkbbfiheke
IDPCAB@>?>@PECE>_?PU>KIE@?CWOEDE>KACKER@_?EDPMU>ERI?@>?WI>KEDCW@>?C?
LIDIZ{PE@>?I?C>>E>KDPEC?C@>?>IAREW@AI>_?I?C?EDRI>KEOIDK@>S
#e@?e8a
=AKS?@?e8a

=AKS?@6=KY?KAEDKC?WEC>?CQ`>?C?QULMEPCGJ@?W@>?@AGCOIDK@>_?D@>?
KIAO@>?IO?[UI?WE>QU>IA?C?MIE?WI?WEAIKAEFI>?@AGCOIDK]AEC>?I?@L>IARC\
W@?@?WE>Q@>K@?DC?CM{DIC?32W@?EDPE>@??W@?CAKS?z@_?@?@WIA?IPUKER@?
kbmi~khkqkoseiegofoidifepjijqkcoiekefeqofjfoidienkekkqr\
GJ@?OID>CM?WI?WI>IOL@M>@S
|iosoifejcqfebeokqrobfbehkihdkjmkecjqrhinfbeiepjihc\
ninkekbgkqpqiebkofermchcinfbekqhrbcidkjmkegioieimkjnkoeife
@LVIK@?WI?>UC?REDPUMCGJ@_?CEDWC?[UI?IO?IIAP{PE@?WERIA>@?WC[UIMI?
IO?[UI?@P@AAIA?@?EDBAI>>@S

=AKS?@6eokbrhminfenfeijqfekjmoihenfeoibcheigroinfeig6be
C?P@D>KEKUEGJ@?@U?AIRIA>J@?WI?AI>IARC>_?P@D>KEKUE?AIPIEKC?W@?^I>@UA@?
7iqcfjihekebkosemoijbkocnfeim}efen}qcdfenciemchebr~bkkjmkee
CQA@RCGJ@?W@>?LCMCDG@>?>IOI>KACE>S
#e@?X?AI>UMKCW@?DIBCKER@?P@D>KEKUEA]?@LAEBCGJ@?W@?^I>@UA@?
gioieqfdefeijqfekjmoihenfeoibchekebkoseqfjbcjinfekdenfmife
kbgkqpqiejfefoidkjmf
#e@?ecdgiqmfekefeqrbmfepbqihenibefgkoikbeokihcinibegkhfe
ijqfekjmoihenfeoibchebkofenkdfjbmoinfbemocdkbmoihdkjmkejfbe
KIAO@>?IO?[UI?WE>QU>IA?C?MIE?WI?WEAIKAEFI>?@AGCOIDK]AEC>?WC?DEJ@S
x

=AKS?w@6kekocpqinfeifepjihenkerde~cdkbmokerkeieokihci\
GJ@?WC?AIPIEKC?Q@WIA]?DJ@?P@OQ@AKCA?@?PUOQAEOIDK@?WC>?OIKC>?WI?
AI>UMKCW@?QAEO]AE@?@U?D@OEDCM?I>KCLIMIPEWC>?D@?=DI@?WI? IKC>?
cbqicbefbe|fnkokbekefe} cjcbm}ocfe|~hcqfegofdfkofegfoeimfe
QA`QAE@?I?D@>?O@DKCDKI>?DIPI>>]AE@>_?D@>?KAEDKC?WEC>?>UL>I[UIDKI>_?
hcdcmifenkekdgkjfekedfcdkjmifepjijqkcoiebkrjnfefbeqoc\
m}ocfbepinfbegkhiehkcenkencokmockbefoidkjmsocib
#e@?5@?PC>@?WI?AI>KCLIMIPEOIDK@?WC?AIPIEKC?QAIRE>KC_?CEDWC?
[UI?QCAPECM_?C?AIP@OQ@>EGJ@?WC>?W@KCGHI>?PUV@>?IOQIDN@>?Z@ACO?
MEOEKCW@>?WCA\>I\]?WI?Z@AOC?QA@Q@APE@DCM?>?AIWUGHI>?IZIKERCWC>S
#e@?5J@?>IAJ@?@LVIK@?WI?MEOEKCGJ@?C>?WI>QI>C>?[UI?P@D>KEKUCO?
@LAEBCGHI>?P@D>KEKUPE@DCE>?I?MIBCE>?W@?IDKI_?EDPMU>ERI?C[UIMC>?WI>\
KEDCWC>?C@?QCBCOIDK@?W@?>IAREG@?WC?W{REWC_?I?C>?AI>>CMRCWC>?QIMC?
MIE?WI?WEAIKAEFI>?@AGCOIDK]AEC>S
#e@?5@?PC>@?WI?@>?@WIAI>?IBE>MCKER@?I?UWEPE]AE@?I?@? EDE>\
m}ocfe|~hcqfejfegofdfkokdeiehcdcmifejfegoifekbmi~khkqcnfe
D@?346e}efe|fnkoekqrmcfeirmfocinfeiehcdcmioefbeihfokbep\
jijqkcofbebkrjnfefbeqocm}ocfbepinfbegkhiehkcenkencokmockbefoi\
OIDK]AEC>S?cnkea7ez"
#e@?am}efepjihenfbedkbkbenkedicfebkmkd~ofekekkokcofefe
@WIA?IPUKER@?WIO@D>KACA]?I?CRCMECA]?@?PUOQAEOIDK@?WC>?OIKC>?
pbqicbenkeqinierinocdkbmokekdeirncjqcieg~hcqiejieqfdcbbfe
AIZIAEWC?D@?#e@?nfeiomeeniefjbmcmrcf?frekrcihkjmkejibeibibekcbhi\
KERC>?I>KCWUCE>?I?OUDEPEQCE>S
#e"@?5@?QACF@?WI?D@RIDKC?WEC>?CQ`>?@?IDPIAACOIDK@?WI?PCWC?
bkdkbmokefeijqfekjmoihenfeoibcheigokbkjmiosekdeokrjcfeqfj\
lrjmienibeqfdcbbkbemkdsmcqibegkomcjkjmkbenfefjokbbfe7iqcfjihe
CRCMECGJ@?W@?PUOQAEOIDK@?W@>?@LVIKER@>?I?OIKC>?WC>?Q@M{KEPC>?O@\
jkmsocieqokncmqciekeqid~cihekcnkjqcijnfefecdgiqmfekefeqrbmfepb\
PCM?WI?>UC>?@QIACGHI>?I?@>?AI>UMKCW@>?WIO@D>KACW@>?D@>?LCMCDG@>S
=AKS?vS6aekkqrfefoidkjmsociekepjijqkcoiecnkjmcpqiose
fbe~kjkpqcsocfbenkegiidkjmfenkebkjmkjibelrncqcicbegfoedkcfe
WI?>E>KIOC?WI?P@DKCLEMEWCWI?I?indcjcbmoifepjijqkcoiegioiepjbe
WI?@L>IAR7DPEC?WC?@AWIO?PA@D@M`BEPC?WIKIAOEDCWC?D@?CAKS?v?WC?
fjbmcmrcfS


*31s/2+)...
03)8-*-./3)1<;2.*3
).
0)1)))3
=AKS?vvS6fjbmcmrkdeokrcbcmfbekbbkjqcicbenieokbgfjbi~chcni\
nkejiekbmfepbqiheiecjbmcmrcfegokcbfekekkmcieiookqinifenke
K@W@>?@>?KAELUK@>?WC?P@OQIKDPEC?P@D>KEKUPE@DCM?W@?IDKI?WC?
IWI\
ACGJ@S
|iosoifejcqfeekninieieokihcifenkemoijbkojqcibef\
MUDK]AEC>?QCAC?@?IDKI?[UI?DJ@?@L>IARI?@?WE>Q@>K@?D@?346!2D@?[UI?
>I?AIZIAI?C@>?EOQ@>K@>S
=AKS?vxS6=>?QAIRE>HI>?WI?AIPIEKC?@L>IARCAJ@?C>?D@AOC>?KYPDE\
PC>?I?MIBCE>_?P@D>EWIACAJ@?@>?IZIEK@>?WC>?CMKIACGHI>?DC?MIBE>MCGJ@_?
WC?RCAECGJ@?W@?{DWEPI?WI?QAIG@>_?W@?PAI>PEOIDK@?IP@D OEP@?@U?WI?
[UCM[UIA?@UKA@?ZCK@A?AIMIRCDKI?I?>IAJ@?CP@OQCDNCWC>?WI?WIO@D>\
moimcfenkebriekfhrfejfbehmcdfbemobeijfbeniegoflkfegioie
@>?W@E>?>IBUEDKI>?[UIMI?C?[UI?>I?AIZIAEAIO_?I?WC?OIK@W@M@BEC?WI?
P]MPUM@?I?QAIOE>>C>?UKEMEFCWC>
#e@?II>KEOCKERC?WI?AIPIEKC?Q@A?QCAKI?W@?@WIA?IBE>MCKER@?>`?
>IA]?CWOEKEWC?>I?P@OQA@RCW@?IAA@?@U?@OE>>J@?WI?@AWIO?KYPDEPC?
@U?MIBCMS
#e@?X?O@DKCDKI?QAIRE>K@?QCAC?C>?AIPIEKC>?WI?@QIACGHI>?WI?PAY\
WEK@?DJ@?Q@WIA]?>IA?>UQIAE@A?C@?WC>?WI>QI>C>?WI?PCQEKCM?P@D>KCDKI>?
W@?QA@VIK@?WI?MIE?@AGCOIDK]AECS?cnkea7ez"
#e@?X?@WIA?IPUKER@?WI?PCWC?IDKI?P@M@PCA]??WE>Q@>EGJ@?
nfbenkdicbe|fnkokbekenfe} cjcbm}ocfe|~hcqfejfedjcdfemocjmiencibe
ijmkbenfegoifepjihegioiekjqidcjidkjmfenkebribegofgfbmibefoi\
OIDK]AEC>_?@>?I>KUW@>?I?C>?I>KEOCKERC>?WC>?AIPIEKC>?QCAC?@?IIAP{PE@?
>UL>I[IDKI_?EDPMU>ERI?WC?P@AAIDKI?M{[UEWC_?I?C>?AI>QIPKERC>?OIO`\
AEC>?WI?P]MPUM@S
=AKS?vyS65@?QACF@?QAIRE>K@?D@?CAKS?@_?C>?AIPIEKC>?QAIRE>KC>?>I\
AJ@?WI>W@LACWC>_?QIM@?@WIA?IPUKER@_?IO?OIKC>?LEOI>KACE>?WI?
iookqinifeqfdeiekbgkqcpqifekdebkgioinferijnfeqi~khe
WC>?OIWEWC>?WI?P@OLCKI??IRC>J@?I??>@DIBCGJ@_?WC?[UCDKEWCWI?
I?RCM@AI>?WI?CGHI>?CVUEFCWC>?QCAC?P@LACDGC?WC?W{REWC?CKERC_?LIO?
P@O@?WC?IR@MUGJ@?W@?O@DKCDKI?W@>?PAYWEK@>?KAELUK]AE@>?QC>>{RIE>?
WI?P@LACDGC?CWOEDE>KACKERCS
)..
0)8))8
=AKS?vzS6=?P@DPI>>J@?@U?COQMECGJ@?WI?EDPIDKER@?@U?LIDIZ{PE@?
nkejimrokiemoc~rmsocienierihenkqfooieokjjqcienkeokqkcmienkkose
kbmioeiqfdgijinienkekbmcdimcienfecdgiqmfefoidkjmsocfpjij\
PIEA@?D@?IIAP{PE@?IO?[UI?WIRC?EDEPECA?>UC?REBDPEC?I?D@>?W@E>?>I\
BUEDKI>_?CKIDWIA?C@?WE>Q@>K@?DC?MIE?WI?WEAIKAEFI>?@AGCOIDK]AEC>?I?C?
QIM@?OID@>?UOC?WC>?>IBUEDKI>?P@DWEGHI>u
eenkdfjbmoifegkhfegofgfjkjmkenkerkeieokjjqciefceqfj\
>EWIACWC?DC?I>KEOCKERC?WI?AIPIEKC?WC?MIE?@AGCOIDK]AEC_?DC?Z@AOC?W@?
iomeekenkerkejfeikmioseibedkmibenkeokbrhminfbepbqicbegokcbmibe
D@?CDI@?QA`QAE@?WC?MIE?WI?WEAIKAEFI>?@AGCOIDK]AEC>w
?\?I>KCA?CP@OQCDNCWC?WI?OIWEWC>?WI?P@OQID>CGJ@_?D@?QI\
A{@W@?OIDPE@DCW@?D@?346_?Q@A?OIE@?W@?CUOIDK@?WI?AIPIEKC_?QA@\
RIDEIDKI?WC?IMIRCGJ@?WI?CM{[U@KC>_?COQMECGJ@?WC?LC>I?WI?P]MPUM@_?
OCV@ACGJ@?@U?PAECGJ@?WI?KAELUK@?@U?P@DKAELUEGJ@S
x

#e@?aeokjjqcieqfdgokkjnkeijcbmcieokdcbbfebr~bncfeqo}nc\
K@?QAI>UOEW@_?P@DPI>>J@?WI?E>IDGJ@?IO?PCA]KIA?DJ@?BIACM_?CMKIACGJ@?
WI?CM{[U@KC?@redfncpqifenke~ibkenkeqshqrhferkecdghcrkeoknr\
GJ@?WE>PAEOEDCWC?WI?KAELUK@>?@U?P@DKAELUEGHI>_?I?@UKA@>?LIDIZ{PE@>?
[UI?P@AAI>Q@DWCO?C?KACKCOIDK@?WEZIAIDPECW@S
#e@?TI?@?CK@?WI?P@DPI>>J@?@U?COQMECGJ@?W@?EDPIDKER@?@U?LIDI\
Z{PE@?WI?[UI?KACKC?@?346?WI>KI?CAKEB@?WIP@AAIA?WC?P@DWEGJ@?P@DKEWC?
D@?EDPE>@?_?@?LIDIZ{PE@?>`?IDKACA]?IO?REB@A?[UCDW@?EOQMIOIDKC\
WC>?C>?OIWEWC>?AIZIAEWC>?D@?OIDPE@DCW@?EDPE>@S
#e@?X?WE>Q@>K@?DI>KI?CAKEB@?DJ@?>I?CQMEPCu
?\?>?CMKIACGHI>?WC>?CM{[U@KC>?W@>?EOQ@>K@>?QAIRE>K@>?D@>?EDPE\
>@>?_?_?v?I?enfeiome"eniefjbmcmrcf_?DC?Z@AOC?W@?>IU?#efw
?\?C@?PCDPIMCOIDK@?WI?WYLEK@?PUV@?O@DKCDKI?>IVC?EDZIAE@A?C@?
W@>?AI>QIPKER@>?PU>K@>?WI?P@LACDGCS
*31s/2+).7
03)0-1-3)1<;2.*3
).
0)6))0
=AKS?vS6TIAJ@?P@D>EWIACWC>?DJ@?CUK@AEFCWC>_?EAAIBUMCAI>?I?MI\
bcibeifegimocdjcfeg~hcqfeiekoifenkenkbgkbiefreibbrjfenke
@LAEBCGJ@?[UI?DJ@?CKIDWCO?@?WE>Q@>K@?D@>?CAK>S?v?I?vS
=AKS?vS6=?PAECGJ@_?IQCD>J@?@U?CQIAZIEG@COIDK@?WI?CGJ@?B@\
RIADCOIDKCM?[UI?CPCAAIKI?CUOIDK@?WC?WI>QI>C?>IA]?CP@OQCDNCW@?
WIu
eekbmcdimcienfecdgiqmfefoidkjmsocfpjijqkcofejfekkoq\
PE@?IO?[UI?WIRC?IDKACA?IO?REB@A?I?D@>?W@E>?>UL>I[IDKI>w
?\?WIPMCACGJ@?W@?@AWIDCW@A?WC?WI>QI>C?WI?[UI?@?CUOIDK@?KIO?
inkrifefoidkjmsociekepjijqkcoieqfdeiehkcefoidkjmsocieijrihe
I?P@OQCKELEMEWCWI?P@O?@?QMCD@?QMUAECDUCM?I?P@O?C?MIE?WI?WEAIKAEFI>?
@AGCOIDK]AEC>S
#e@?|ioiefbepjbenkbmiekcefdghkdkjmioeqfjbcnkoibk
?\?CWI[UCWC?P@O?C?MIE?@AGCOIDK]AEC?CDUCM_?C?WI>QI>C?@LVIK@?
nkenfmifekbgkqpqiekebrpqckjmkefrerkekbmkliei~oijcniegfoeqo}\
WEK@?BIDYAEP@_?WI?Z@AOC?[UI?>@OCWC>?K@WC>?C>?WI>QI>C>?WC?OI>OC?
I>QYPEI_?AICMEFCWC>?I?C?AICMEFCA_?QAIRE>KC>?D@?QA@BACOC?WI?KACLCMN@_?
DJ@?>IVCO?UMKACQC>>CW@>?@>?MEOEKI>?I>KCLIMIPEW@>?QCAC?@?IIAP{PE@w
?\?P@OQCK{RIM?P@O?@?QMCD@?QMUAECDUCM?I?C?MIE?WI?WEAIKAEFI>?
@AGCOIDK]AEC>_?C?WI>QI>C?[UI?>I?P@DZ@AOI?P@O?C>?WEAIKAEFI>_?@L\
VIKER@>_?QAE@AEWCWI>?I?OIKC>?QAIRE>K@>?DI>>I>?ED>KAUOIDK@>?I?DJ@?
EDZAEDVC?[UCM[UIA?WI?>UC>?WE>Q@>EGHI>S
#e@?=?I>KEOCKERC?WI?[UI?KACKC?@?EDPE>@??W@?346?>IA]?CP@OQC\
DNCWC?WC>?QAIOE>>C>?I?OIK@W@M@BEC?WI?P]MPUM@?UKEMEFCWC>S
#e@?I>>CMRC\>I?W@?WE>Q@>K@?DI>KI?CAKEB@?C?WI>QI>C?P@D>EWI\
ACWC?EAAIMIRCDKI_?D@>?KIAO@>?IO?[UI?WE>QU>IA?C?MIE?WI?WEAIKAEFI>?
@AGCOIDK]AEC>S
#e@?=>?D@AOC>?W@?346?P@D>KEKUIO?P@DWEGJ@?QAYREC?QCACu
?\?IOQIDN@?I?MEPEKCGJ@?WI?>IAREG@>_?Z@ADIPEOIDK@?WI?LID>?@U?
IIPUGJ@?WI?@LAC>w
?\?WI>CQA@QAECGJ@?WI?EO`RIE>?UALCD@>?C?[UI?>I?AIZIAI?@?#e@?W@?
iomezeniefjbmcmrcfS
K).
0)0)+K))*)*
=AKS?vS6fjbcnkoibkef~ocim6ocienkeqiosmkoeqfjmcjrinfeienkb\
QI>C?P@AAIDKI?WIAERCWC?WI?MIE_?OIWEWC?QA@RE>`AEC?@U?CK@?CWOEDE>\
moimcfejfodimcferkepkdegioiefekjmkeief~ocifehkihenkebrie
IIPUGJ@?Q@A?UO?QIA{@W@?>UQIAE@A?C?W@E>?IIAP{PE@>S


#e@?X>?CK@>?[UI?PAECAIO?@U?CUOIDKCAIO?WI>QI>C?WI?[UI?KACKC?
@?346?WIRIAJ@?>IA?ED>KAU{W@>?P@O?C?I>KEOCKERC?QAIRE>KC?D@?EDPE>@?
?W@?CAKS?v?I?WIO@D>KACA?C?@AEBIO?W@>?AIPUA>@>?QCAC?>IU?PU>KIE@S
#e@?|ioiekkcmfenfeimkjncdkjmfenfe#e@_?@?CK@?>IA]?CP@OQC\
DNCW@?WI?P@OQA@RCGJ@?WI?[UI?C?WI>QI>C?PAECWC?@U?CUOIDKCWC?DJ@?
ikmioseibedkmibenkeokbrhminfbepbqicbegokcbmibejfeijkfeokkocnfe
jfe#e@?W@?CAKS?z@enkkjnfebkrbekkcmfbepjijqkcofbejfbegkofnfbe
>IBUEDKI>_?>IA?P@OQID>CW@>?QIM@?CUOIDK@?QIAOCDIDKI?WI?AIPIEKC?
@U?QIMC?AIWUGJ@?QIAOCDIDKI?WI?WI>QI>CS
#e@?|ioiekkcmfenfe#e@_?P@D>EWIAC\>I?CUOIDK@?QIAOCDIDKI?WI?
AIPIEKC?@?QA@RIDEIDKI?WC?IMIRCGJ@?WI?CM{[U@KC>_?COQMECGJ@?WC?LC>I?
WI?P]MPUM@_?OCV@ACGJ@?@U?PAECGJ@?WI?KAELUK@?@U?P@DKAELUEGJ@S
#e@?aeqfdgofifeokkocniejfe#e@_?CQAI>IDKCWC?QIM@?QA@Q@\
DIDKI_?P@DKIA]?C>?QAIOE>>C>?I?OIK@W@M@BEC?WI?P]MPUM@?UKEMEFCWC>_?
>IO?QAIVU{F@?W@?ICOI?WI?P@OQCKELEMEWCWI?WC?WI>QI>C?P@O?C>?WI\
OCE>?D@AOC>?W@?QMCD@?QMUAECDUCM?I?WC?MIE?WI?WEAIKAEFI>?@AGCOIDK]\
AEC>S
#e"@?=?WI>QI>C?WI?[UI?KACKC?I>KI?CAKEB@?DJ@?>IA]?IIPUKCWC?CDKI>?
niecdghkdkjmifenibedkncnibeokkocnibejfe#e@_?C>?[UCE>?EDKIBAC\
AJ@?@?ED>KAUOIDK@?[UI?C?PAECA?@U?CUOIDKCAS
#e@?encbgfbmfejfe#e@?DJ@?>I?CQMEPC?>?WI>QI>C>?WI>KEDCWC>?C@?
>IAREG@?WC?W{REWC?DIO?C@?AICVU>KCOIDK@?WI?AIOUDIACGJ@?WI?QI>>@CM?
nkerkemoimiefecjqcbferenfeiomeeniefjbmcmrcf
#e@?fjbcnkoibkeirdkjmfenkenkbgkbieiegofoofifenirkhie
PAECWC?Q@A?QACF@?WIKIAOEDCW@S
)..
0)0))1
K).
><;A >L:>:!;G;=>L
=AKS?vS6|ioiefbekkcmfbenkbmiekcefdghkdkjmioekjmkjnkbke
P@O@?WI>QI>C?K@KCM?P@O?QI>>@CMu?@?>@OCK`AE@?W@>?BC>K@>?W@?IDKI?
WC?
IWIACGJ@?P@O?@>?CKER@>_?@>?EDCKER@>?I?@>?QID>E@DE>KC>_?AIMCKER@>?
C?OCDWCK@>?IMIKER@>_?PCAB@>_?ZUDGHI>?@U?IOQAIB@>_?PERE>_?OEMEKCAI>?
I?WI?OIOLA@>?WI?@WIA_?P@O?[UCE>[UIA?I>QYPEI>?AIOUDIACK`AEC>_?
micbeqfdfekjqcdkjmfbekeijmikjbepibekeiocskcbebr~bncfbe
QA@RIDK@>?WC?CQ@>IDKCW@AEC_?AIZ@AOC>?I?QID>HI>_?EDPMU>ERI?CWEPE@\
jicbeoimcpqikbefoibekmoibekeijmikjbegkbbficbenkerihrkoe
DCKUAIFC_?LIO?P@O@?IDPCAB@>?>@PECE>?I?P@DKAELUEGHI>?AIP@MNEWC>?
QIM@?IDKI?>?IDKEWCWI>?WI?QAIREWDPECS
#e@?X>?RCM@AI>?W@>?P@DKACK@>?WI?KIAPIEAEFCGJ@?WI?OJ@?WI?@LAC?
rkebkeokkokdeebr~bmcmrcfenkebkocnfokbekekdgokinfbeg~hcqfbe
>IAJ@?P@DKCLEMEFCW@>?P@O@?XUKAC>?I>QI>C>?WI?I>>@CMS
#e@2=?WI>QI>C?K@KCM?P@O?QI>>@CM?>IA]?CQUACWC?>@OCDW@\>I?C?
AICMEFCWC?D@?O>?IO?AIZIADPEC?P@O?C>?W@>?@DFI?EOIWECKCOIDKI?
CDKIAE@AI>_?CW@KCDW@\>I?@?AIBEOI?WI?P@OQIKDPECS
=AKS?vwS6|ioiefbepjbenfencbgfbmfejfe346?nfeiomeeniefjb\
KEKUEGJ@_?C?WI>QI>C?K@KCM?P@O?QI>>@CM_?IO?PCWC?QIA{@W@?WI?CQUACGJ@?
I?IO?PCWC?IDKI?WC?
IWIACGJ@_?DJ@?Q@WIA]?IPIWIA?@>?QIAPIDKUCE>?WC?
AIPIEKC?P@AAIDKI?M{[UEWC_?C?>IBUEA?WE>PAEOEDCW@>u
eejcfe" eqcjrkjmiegfoeqkjmf
eebminfbe ebkbbkjmiegfoeqkjmf
ee} rjcqgcfbe ebkbbkjmiegfoeqkjmf
#e@?7iekocpqifenfeimkjncdkjmfenfbehcdcmkbenkpjcnfbejkbmke
CAKEB@_?DJ@?>IAJ@?P@OQUKCWC>?C>?WI>QI>C>u
?\?WI?EDWIDEFCGJ@?Q@A?WIOE>>J@?WI?>IAREW@AI>?@U?IOQAIBCW@>w
?\?AIMCKERC>?C?EDPIDKER@>??WIOE>>J@?R@MUDK]AEC

?\?WIAERCWC>?WC?CQMEPCGJ@?W@?WE>Q@>K@?D@?cjqcbfeenfe#e@?W@?
w
v?\?WIP@AAIDKI>?WI?WIPE>J@?VUWEPECM?I?WC?P@OQIKDPEC?WI?QI\
ofnfeijmkocfoeifenieigroifeierkebkeokkokefe#e@?W@?CAKS?vw
v?\?P@O?QI>>@CM_?W@?E>KAEK@?
IWIACM?I?W@>?>KCW@>?W@?=OCQ]?
I?@ACEOC_?PU>KICWC>?P@O?AIPUA>@>?KACD>ZIAEW@>?QIMC?DEJ@?DC?Z@A\
OC?W@>?EDPE>@>??I?renfeiomeeniefjbmcmrcf?I?W@?CAKS?yv?
niedkjniefjbmcmrqcfjihej@vww
v?\?P@O?EDCKER@>_?CEDWC?[UI?Q@A?EDKIAOYWE@?WI?ZUDW@?I>QIP{\
pqfeqrbmkinibegfoeokqrobfbegofkjckjmkb
ienieiookqinifenkeqfjmoc~rckbenfbebkroinfb
~enieqfdgkjbifepjijqkcoienkerkemoimiefe#e@?nfeiomeeniefjb\
KEKUEGJ@w
qenibenkdicbeokqkcmibencokmidkjmkeiookqininibegfoerjnfecj\
qrhinfeiemihepjihcninkecjqhrbckefegofnrmfenieihckjifenke~kjbe
ncokcmfbekeimcfbe~kdeqfdfebkrebrgkoscmepjijqkcof
#e@?~bkoinfefencbgfbmfejfecjqcbfeenfe#e@_?C>?WI>QI>C>?
P@O?QI>>@CM?WIP@AAIDKI>?WI?>IDKIDGC>?VUWEPECE>?>IAJ@?EDPMU{WC>?D@?
MEOEKI?W@?AI>QIPKER@?@WIA?@U?`ABJ@?AIZIAEW@?D@?CAKS?xS
iome"eniefjbmcmrcf

=AKS?xS6=?AIQCAKEGJ@?W@>?MEOEKI>?BM@LCE>?W@?CAKS?vw?DJ@?Q@WIA]?
IPIWIA?@>?>IBUEDKI>?QIAPIDKUCE>u
?\?DC?I>ZIAC?ZIWIACMu
ie" enfcbecjmkcofbekeqcjqfen}qcdfbegfoeqkjmfegioiefekcb\
himcfecjqhrnfefe8oc~rjihenkefjmibeniejcf
~e ebkcbegfoeqkjmfegioieferncqcsocf
qe eriokjmiecjmkcofbekejfken}qcdfbegfoeqkjmfegioie
fekqrmcfenkbmiqijnfbke emobegfoeqkjmfegioieibenkbgkbibe
P@O?QI>>@CM?WIP@AAIDKI>?W@?[UI?WE>QHIO?@>?EDPE>@>??I?v?W@?
iomeeniefjbmcmrcf?I?@?iomeeniedkjniefjbmcmrqcfjihej@?vw_?
AIQCAKEW@>?WI?Z@AOC?QA@Q@APE@DCM??OYWEC?WC>?WI>QI>C>?AIMCKERC>?
C?PCWC?UO?WI>KI>?WE>Q@>EKER@>_?IO?QIAPIDKUCM?WC?AIPIEKC?P@AAIDKI?
hrcniekocpqinibejfbemobekkoqqcfbepjijqkcofbecdkncimidkjmke
ijmkocfokbeifeniegr~hcqifenkbmiekcefdghkdkjmio
ne ebkcben}qcdfbegfoeqkjmfegioiefe} cjcbm}ocfe|~hcqfe
WC?DEJ@w
?\?DC?I>ZIAC?I>KCWUCMu
ie emobegfoeqkjmfegioiefekcbhimcfecjqhrnfefe8oc~rjihe
nkefjmibenfebminf
~e ebkcbegfoeqkjmfegioieferncqcsocf
qe eriokjmiekejfkegfoeqkjmfegioiefekqrmcf
ne enfcbegfoeqkjmfegioiefe} cjcbm}ocfe|~hcqfenfbebminfb
?\?DC?I>ZIAC?OUDEPEQCMu
ie ebkcbegfoeqkjmfegioiefekcbhimcfecjqhrnfefe8oc~rjihe
nkefjmibenfe} rjcqgcferijnfefrko
~e" eqcjrkjmiekerimofegfoeqkjmfegioiefekqrmcf
#e@?5@>?@WIAI>?IBE>MCKER@?I?UWEPE]AE@?WI?PCWC?I>ZIAC_?@>?
MEOEKI>?>IAJ@?AIQCAKEW@>?IDKAI?>IU>?`ABJ@>?WI?Z@AOC?QA@Q@APE@DCM??
OYWEC?WC>?WI>QI>C>?P@O?QI>>@CM_?IO?QIAPIDKUCM?WC?AIPIEKC?P@AAIDKI?
hrcniekocpqinibejfbemobekkoqqcfbepjijqkcofbecdkncimidkjmke
ijmkocfokbeifeniegr~hcqifenkbmiekcefdghkdkjmio
#e@?CAC?IZIEK@?WI>KI?CAKEB@?IDKIDWI\>I?P@O@?`ABJ@u
eefe} cjcbm}ocfe|~hcqf
?\?D@?@WIA?IBE>MCKER@u
ieknkoiheibeokbgkqmcibeibibekefe8oc~rjihenkefjmibenie
DEJ@w
~ebminriheieabbkd~h}ciekcbhimciekefbe8oc~rjicbenkefj\
KC>w


qenfecbmocmfeknkoiheiedioiekcbhimciekefe8oc~rjihenke
fjmibenfecbmocmfeknkoih
ne} rjcqcgiheiedioienkekokinfokbekefe8oc~rjihenkefjmibe
W@? UDEP{QE@_?[UCDW@?N@URIAw
?\?D@?@WIA?UWEPE]AE@u
ieknkoihefbemoc~rjicbeokkocnfbejfeiomeeniefjbmcmrcfw
~ebminrihefe8oc~rjihenkerbmciekefrmofberijnfefrko
#e@?X>?MEOEKI>?QCAC?C>?WI>QI>C>?P@O?QI>>@CM?W@?@WIA?UWEPE]\
AE@_?C?PCAB@?WC?DEJ@?Q@A?Z@AGC?W@?cjqcbferenfeiomeeniefjb\
KEKUEGJ@ebkofekbmi~khkqcnfbedkncijmkeighcqifenieokoienfe#e@S
#e@?7fbebminfbekderkefrkoe8oc~rjihenkefjmibenfbe} r\
jcqgcfbefbegkoqkjmricbenkpjcnfbejibeihjkibe4?I?3?W@?EDPE>@??
W@?346?>IAJ@_?AI>QIPKERCOIDKI_?CPAI>PEW@>?I?AIWUFEW@>?IO?_z ?
rimofen}qcdfbegfoeqkjmf
#e"@?|ioiefbepjbegokcbmfbejfeiomezeniefjbmcmrcfeiekjmok\
ienfbeokqrobfbepjijqkcofbeqfookbgfjnkjmkbeenkbgkbiemfmiheqfde
QI>>@CM?Q@A?@WIA?I?`ABJ@?>IA]?C?AI>UMKCDKI?WC?CQMEPCGJ@?W@>?QIA\
qkjmricbenkpjcnfbejkbmkeiomcfefreirkhkbepinfbejiehkcenkencokmoc\
FI>?@AGCOIDK]AEC>S
#e@?e8a
K)..
0)*))0)/))1
=AKS?xvS6?DUM@?WI?QMID@?WEAIEK@?@?CK@?[UI?QA@R@[UI?CUOIDK@?
WC?WI>QI>C?P@O?QI>>@CM?I?DJ@?CKIDWCu
eeibekcjqcibenfbeiombeekeenkbmiekcefdghkdkjmioekefe
WE>Q@>K@?D@?EDPE>@??W@?CAKS?y?I?D@?#e@?nfeiomeeniefjbmcmrcfw
?\?@?MEOEKI?MIBCM?WI?P@OQA@OIKEOIDK@?CQMEPCW@?>?WI>QI>C>?
P@O?QI>>@CM?EDCKER@S
|iosoifejcqfe8id~}de}ejrhfenkeghkjfencokcmfefeimfenkerke
AI>UMKI?CUOIDK@?WC?WI>QI>C?P@O?QI>>@CM?IQIWEW@?D@>?PIDK@?I?@E\
mkjmiencibeijmkocfokbeifepjihenfedijnimfenfemcmrhioenfeokbgkqmcfe
@WIA?@U?`ABJ@?AIZIAEW@?D@?CAKS?xS
=AKS?xxS6aekocpqifenfeqrdgocdkjmfenfbehcdcmkbekbmi~khkqc\
nfbejfbeiombeekeebkoseokihcinieifepjihenkeqinierinocdkbmok
|iosoifejcqfekeienkbgkbiemfmiheqfdegkbbfihekqknkoeie
" ejfkjmiekeqcjqfegfoeqkjmfenfehcdcmkebfekninfbeife|fnkoe
@U?`ABJ@?AIZIAEW@?D@?CAKS?x?[UI?N@URIA?EDP@AAEW@?D@?IPI>>@u
?\?P@DPI>>J@?WI?RCDKCBIO_?CUOIDK@_?AICVU>KI?@U?CWI[UCGJ@?WI?
AIOUDIACGJ@?C?[UCM[UIA?K{KUM@_?>CMR@?@>?WIAERCW@>?WI?>IDKIDGC?VU\
WEPECM?@U?WI?WIKIAOEDCGJ@?MIBCM?@U?P@DKACKUCM_?AI>>CMRCWC?C?AIRE>J@?
QAIRE>KC?D@?cjqcbferenfeiomeeniefjbmcmrcfw
?\?PAECGJ@?WI?PCAB@_?IOQAIB@?@U?ZUDGJ@w
?\?CMKIACGJ@?WI?I>KAUKUAC?WI?PCAAIEAC?[UI?EOQME[UI?CUOIDK@?
WI?WI>QI>Cw
eegofcdkjmfenkeqiofeg~hcqfeindcbbfefreqfjmoimife
WI?QI>>@CM?C?[UCM[UIA?K{KUM@_?AI>>CMRCWC?C?AIQ@>EGJ@?WIP@AAIDKI?WI?
CQ@>IDKCW@AEC?@U?ZCMIPEOIDK@?WI?>IAREW@AI>?WC>?]AIC>?WI?IWUPCGJ@_?
binkekebkroiji
v?\?P@DKACKCGJ@?WI?N@AC?IKAC_?>CMR@?D@?PC>@?W@?WE>Q@>K@?D@?ED\
qcbfeenfe#e@?nfeiome"eniefjbmcmrcf?I?C>?>EKUCGHI>?QAIRE>KC>?DC?MIE?WI?
WEAIKAEFI>?@AGCOIDK]AEC>S
=AKS?xyS6TI?C?WI>QI>C?K@KCM?P@O?QI>>@CM_?W@?@WIA?@U?`ABJ@?
okkocnfejfeiomeerhmoigibbioefbehcdcmkbenkpjcnfbejfedkbdfeio\
KEB@_?>IO?QAIVU{F@?WC>?OIWEWC>?QAIRE>KC>?D@?CAKS?xx_?@?QIAPIDKUCM?
IPIWIDKI?KIA]?WI?>IA?IMEOEDCW@?D@>?W@E>?[UCWAEOI>KAI>?>IBUEDKI>_?
>IDW@?QIM@?OID@>?UO?KIAG@?D@?QAEOIEA@_?CW@KCDW@\>I_?IDKAI?@UKAC>_?
C>?QA@REWDPEC>?QAIRE>KC>?D@>?##e?I?z@?nfeiomeeniefjbmcmrcfS


#e@?5@?PC>@?W@?cjqcbfeenfe#eenfeiomeeniefjbmcmrcf_?
@?@LVIKER@?Q@WIA]?>IA?CMPCDGCW@?KCDK@?QIMC?IKEDGJ@?WI?PCAB@>?I?
ZUDGHI>?[UCDK@?QIMC?AIWUGJ@?W@>?RCM@AI>?C?IMI>?CKAELU{W@>S?vEWI?
=7ez"
#e@??ZCPUMKCWC?C?AIWUGJ@?KIOQ@A]AEC?WC?V@ADCWC?WI?KACLCMN@?
P@O?CWI[UCGJ@?W@>?RIDPEOIDK@>??D@RC?PCABC?N@A]AECSvEWI?=5?
z"
#e@?5J@?CMPCDGCWC?C?AIWUGJ@?D@?QACF@?I>KCLIMIPEW@_?I?ID[UCD\
K@?QIAWUACA?@?IPI>>@_?@?IDKI?DJ@?Q@WIA]u
?\?AIPILIA?KACD>ZIADPEC>?R@MUDK]AEC>w
?\?@LKIA?BCACDKEC_?WEAIKC?@U?EDWEAIKC_?WI?@UKA@?IDKIw
?\?P@DKACKCA?@QIACGHI>?WI?PAYWEK@_?AI>>CMRCWC>?C>?WI>KEDCWC>?
ifeokpjijqcidkjmfeniencniedf~chcsociekeiberkecbkdeeoknrfe
WC>?WI>QI>C>?P@O?QI>>@CMS
#e@?abeokbmockbenfe#e@?CQMEPCO\>I?EOIWECKCOIDKI?>I?C?WI>\
QI>C?K@KCM?P@O?QI>>@CM?IPIWIA?@?MEOEKI?D@?QAEOIEA@?[UCWAEOI>KAI?
nfehmcdfeijfenfedijnimfenfbemcmrhiokbenke|fnkoefre6ofeokkocnfbe
D@?CAKS?xS
)...
0)0))))
=AKS?xzS65IDNUO?LIDIZ{PE@?@U?>IAREG@?AIMCKER@??>IBUAEWCWI?
>@PECM?Q@WIA]?>IA?PAECW@_?OCV@ACW@?@U?I>KIDWEW@?>IO?C?EDWEPCGJ@?WC?
Z@DKI?WI?PU>KIE@?K@KCM_?D@>?KIAO@>?W@?#e"@?nfeiome"eniefjbmcmrcf_?CKIDWEWC>?
CEDWC?C>?IEBDPEC>?W@?CAKS?vS
#e@??WE>QID>CWC?WC?P@OQID>CGJ@?AIZIAEWC?D@?CAKS?v?@?
CUOIDK@?WI?WI>QI>C?WIP@AAIDKI?WIu
?\?P@DPI>>J@?WI?LIDIZ{PE@?C?[UIO?>CKE>ZCGC?C>?P@DWEGHI>?WI?
NCLEMEKCGJ@?QAIRE>KC?DC?MIBE>MCGJ@?QIAKEDIDKIw
?\?IQCD>J@?[UCDKEKCKERC?W@?CKIDWEOIDK@?I?W@>?>IAREG@>?QAI>\
KCW@>w
eeokilrbmidkjmfenkeihfoenfe~kjkqcfefrebkocfeiepdenke
QAI>IARCA?@?>IU?RCM@A?AICMS
#e@?X?WE>Q@>K@?DI>KI?CAKEB@?CQMEPC\>I?C?LIDIZ{PE@?@U?>IAREG@?
nkebinkegokcnjqciekeibbcbmjqciebfqcihecjqhrbckefbenkbmcjinfbe
ifbebkocnfokbeg~hcqfbekedchcmiokbeimcfbekecjimcfbekeifbegkj\
>E@DE>KC>S
*31s/2+)7
03)/83,1-8,*.3)7+2,/8.3
=AKS?xS6|ioiekkcmfenkbmiekcefdghkdkjmioekjmkjnkbkegfoe
KACD>ZIADPEC?R@MUDK]AEC?C?IDKAIBC?WI?AIPUA>@>?P@AAIDKI>?@U?WI?PC\
QEKCM?C?@UKA@?IDKI?WC?
IWIACGJ@_?C?K{KUM@?WI?P@@QIACGJ@_?CU{ME@?@U?
ibbcbmjqciepjijqkcoierkejfenkqfooienkenkmkodcjifeqfjbmcmr\
qcfjihehkihefrefbenkbmcjinfbeifecbmkdiejcqfenkeink
#e@?TJ@?IEBDPEC>?QCAC?C?AICMEFCGJ@?WI?KACD>ZIADPEC?R@MUDK]\
AEC_?CMYO?WC>?I>KCLIMIPEWC>?DC?MIE?WI?WEAIKAEFI>?@AGCOIDK]AEC>u
eekcbmjqcienkenfmifekbgkqpqi
?\?e8a
eef~bkojqcienfencbgfbmfejfecjqcbferenfeiomeeniefjb\
KEKUEGJ@w
eeqfdgofifegfoegiomkenfe~kjkpqcsocfenk
ierkebkeiqiekdencierijmfeifegiidkjmfenkemoc~rmfbekd\
go}bmcdfbekepjijqcidkjmfbenkcnfbeifekjmkemoijbkocnfoe~kde
P@O@?[UCDK@??QAI>KCGJ@?WI?P@DKC>?WI?AIPUA>@>?CDKIAE@AOIDKI?WIMI?
AIPILEW@>w


~eqrdgocdkjmfenfbehcdcmkbeqfjbmcmrqcfjicbeokhimcfbeeknrqi\
fekeebink
qef~bkojqcienfbehcdcmkbenibencnibeqfjbfhcniniekedf~chcs\
AEC_?WI?@QIACGHI>?WI?PAYWEK@_?EDPMU>ERI?Q@A?CDKIPEQCGJ@?WI?AIPIEKC_?
WI?ED>PAEGJ@?IO?I>K@>?C?CBCA?I?WI?WI>QI>C?K@KCM?P@O?QI>>@CMw
negokcbfefoidkjmsocienkeqfjmoigiomcni
#e@??RIWCWC?C?UKEMEFCGJ@?WI?AIPUA>@>?KACD>ZIAEW@>?IO?
pjihcninkenckobieniegiqmrini
#e@?|ioiepjbenieighcqifenibebijkbenkebrbgkjbfenkemoijb\
kojqcibefhrjmsocibeqfjbmijmkbenkbmiekcefdghkdkjmioekqk\
mridbkeirkhibeokhimcibeieikbenkeknrqifebinkekeibbcbmjqcie
>@PECMS
*31s/2+)7.
03)0-/.,3:+)0-)8-*8+)1<;2.*+)1383)+)-
/+8)18.730+
=AKS?xS6=?WI>KEDCGJ@?WI?AIPUA>@>?QCAC_?WEAIKC?@U?EDWEAIKCOID\
mkeqf~ocoejkqkbbcninkbenkegkbbfibebcqibefren}pqcmbenkegkbbfibe
lroncqibenkkosebkoeirmfociniegfoehkcekbgkqpqieimkjnkoebeqfjnc\
GHI>?I>KCLIMIPEWC>?DC?MIE?WI?WEAIKAEFI>?@AGCOIDK]AEC>?I?I>KCA?QAIRE>\
KC?D@?@AGCOIDK@?@U?IO?>IU>?PAYWEK@>?CWEPE@DCE>S
#e@?X?WE>Q@>K@?D@?346?CQMEPC\>I?C?K@WC?C?CWOEDE>KACGJ@?EDWE\
okmiecjqhrbckerjnikbeg~hcqibekekdgokbibekbmimicbekqkmfejfe
kkoqqcfenkebribeimoc~rckbegokqgribeibecjbmcmrckbepjijqkcoibe
kefeijqfekjmoihenfeoibch
#e@?fdgokkjnkbkecjqhrnieieqfjqkbbfenkekdgo}bmcdfbep\
jijqcidkjmfbekeokpjijqcidkjmfbecjqhrbckeibeokbgkqmcibegofoof\
BCGHI>?I?C?P@OQ@>EGJ@?WI?W{REWC>_?C?P@DPI>>J@?WI?>ULRIDGHI>?I?C?
QCAKEPEQCGJ@?IO?P@D>KEKUEGJ@?@U?CUOIDK@?WI?PCQEKCMS
=AKS?xS65C?P@DPI>>J@?WI?PAYWEK@?Q@A?IDKI?WC?
IWIACGJ@?C?QI>\
>@C?Z{>EPC_?@U?VUA{WEPC?[UI?DJ@?I>KIVC?>@L?>IU?P@DKA@MI?WEAIK@?@U?
cjncokmfefbekjqiofbepjijqkcofbeqfdcbbkbekenkbgkbibeqfjjkokbe
jfebkofecjkocfokbeifbenkpjcnfbekdehkcefreifeqrbmfenkeqigmif
|iosoifejcqfekgkjnkdenkeirmfocifekdehkcekbgkqpqie
C>?QA@AA@BCGHI>?I?P@OQ@>EGHI>?WI?W{REWC>?WIP@AAIDKI>?WI?@QIAC\
kbenkeqo}ncmfe~kdeqfdfeieqfjqkbbfenkekdgo}bmcdfbefrepjij\
PECOIDK@>?IO?WI>CP@AW@?P@O?@?346_?>IDW@?@?>UL>{WE@?P@AAI>Q@D\
WIDKI?P@D>EBDCW@?DC?MIE?@AGCOIDK]AECS
=AKS?xS6ihfedkncijmkehkcekbgkqpqiejfegfnkofebkoermchc\
infbeokqrobfbeg~hcqfbecjqhrbckenkefgkoikbenkeqo}ncmfegioie
>@P@AAIA?ED>KEKUEGHI>?W@?TE>KIOC?
EDCDPIEA@?5CPE@DCM_?CEDWC?[UI?
dkncijmkeieqfjqkbbfenkekdgo}bmcdfbenkeokqrgkoifefrepjijqci\
OIDK@>?QCAC?OUWCDGC?WI?P@DKA@MI?CPE@D]AE@S
#e@?aegokkjfenkecjbfhjqciekefrmofbeocbqfbepqioseieqiofe
WI?ZUDW@>_?I?@UKA@>?OIPCDE>O@>_?P@D>KEKU{W@>?QIMC>?ED>KEKUEGHI>?W@?
TE>KIOC?
EDCDPIEA@?5CPE@DCM_?DC?Z@AOC?WC?MIES
#e@?X?WE>Q@>K@?D@?346ejfegof~kefeijqfekjmoihenfeoibche
nkeqfjqknkoebecjbmcmrckbepjijqkcoibefgkoikbenkeoknkbqfjmfeke
WI?IOQAY>KEO@>?WI?QACF@?EDZIAE@A?C?KAIFIDK@>?I?>I>>IDKC?WEC>S
*31s/2+)7..
03)0s7.03)-)0+)-,0.7.035 -,/+
).
><;A >L:"#L;IEL
=AKS?xwS6|ioiefbekkcmfbenkbmiekcefdghkdkjmioebfeinfminibe
ibebkrcjmkbenkpjckb

eencnieg~hcqieqfjbfhcniniefrerjniniedfjmijmkemfmihe
igroinfebkdenrghcqcninkenibef~ocikbepjijqkcoibenfekjmkenie

IWIACGJ@_?C>>UOEWC>?IO?REAKUWI?WI?MIE>_?P@DKACK@>_?P@DRDE@>?@U?
KACKCW@>?I?WC?AICMEFCGJ@?WI?@QIACGHI>?WI?PAYWEK@_?QCAC?CO@AKEFCGJ@?
IO?QACF@?>UQIAE@A?C?W@FI?OI>I>w
eencnieg~hcqiedf~chcsociencnieg~hcqieokgokbkjminiegfoe
mmrhfbekdcmcnfbegkhiejcfecjqhrbckefbenfeijqfekjmoihenfeoi\
>EM_?>KCW@>?I? UDEP{QE@>w
eefgkoifenkeqo}ncmfeqfdgofdcbbfepjijqkcofeibbrdcnfe
kdeoifenkedmrfei~komroienkeqo}ncmfekdcbbfekeiqkcmkenkemmrhfe
ircbcfepjijqcinienke~kjbeokqk~cdkjmfeijmkqcginfenkeihfokbe
QA@RIDEIDKI>?WC?RIDWC?C?KIAO@?WI?LID>?I?>IAREG@>_?CAAIDWCOIDK@?
OIAPCDKEM?I?@UKAC>?@QIACGHI>?C>>IOIMNCWC>_?EDPMU>ERI?P@O?@?U>@?WI?
nkocimcfbepjijqkcofb
v?\?P@DPI>>J@?WI?BCACDKECu?P@OQA@OE>>@?WI?CWEOQMDPEC?WI?
f~ocifepjijqkcoiefreqfjmoimriheibbrdcniegfoekjmkenieknkoife
@U?IDKEWCWI?C?IMI?REDPUMCWCw
eeokpjijqcidkjmfeniencniedf~chcsociekdcbbfenkemmrhfbe
QCAC?QCBCOIDK@?W@?QAEDPEQCM?CPAI>PEW@?WC?CKUCMEFCGJ@?O@DIK]AECS
#e@?[UEQCAC\>I?C?@QIACGJ@?WI?PAYWEK@?C?C>>UDGJ@_?@?AIP@DNI\
qcdkjmfefreieqfjpbbfenkencnibegkhfekjmkenieknkoifebkde
QAIVU{F@?W@?PUOQAEOIDK@?WC>?IEBDPEC>?W@>?CAK>S?v?I?vS
#e@?kosecjqhrniejiencnieg~hcqieqfjbfhcninieniejcfeie
okhimcieekdcbbfenkemmrhfbenkeokbgfjbi~chcninkenfeijqfekjmoihe
W@?AC>EMS
#e@?8id~}decjmkoideiencnieg~hcqieqfjbfhcninieibefgk\
ACGHI>?WI?PAYWEK@?WI?QACF@?EDZIAE@A?C?W@FI?OI>I>?PUVC>?AIPIEKC>?KI\
DNCO?P@D>KCW@?W@?@AGCOIDK@S
#e@?eokpjijqcidkjmfenfegocjqcgiheniencniedf~chcsociejfe
kqknkoseifem}odcjfenkeqiniekkoqqcfepjijqkcofefedfjmijmkenfe
pjihenfekkoqqcfeijmkocfoebfdinfeifenibefgkoikbenkeqo}ncmfeir\
K@AEFCWC>?D@?@AGCOIDK@?QCAC?I>KI?IZIEK@?I?IZIKERCOIDKI?AICMEFCWC>_?
CPAI>PEW@?WI?CKUCMEFCGJ@?O@DIK]AECS
)..
0)2))0)1K)))+))*
=AKS?yS65@?QACF@?WI?D@RIDKC?WEC>?CQ`>?C?QULMEPCGJ@?WI>KC?IE?
fdghkdkjmioefe|okbcnkjmkeniekg~hcqiebr~dkmkoseif
?\?TIDCW@?
IWIACMu?QA@Q@>KC?WI?MEOEKI>?BM@LCE>?QCAC?@?O@D\
KCDKI?WC?W{REWC?P@D>@MEWCWC?WC?DEJ@_?>KCW@>?I? UDEP{QE@>_?PUO\
QAEDW@?@?[UI?I>KCLIMIPI?@?cjqcbfeenfeiome"eniefjbmcmrcf_?LIO?
P@O@?WI?MEOEKI>?I?P@DWEGHI>?AIMCKER@>?C@>?EDPE>@>?v_?v?I??W@?
OI>O@?CAKEB@w
eefjokbbfe7iqcfjihegoflkmfenkehkcerkekbmi~khkiehcdcmkbe
QCAC?@?O@DKCDKI?WC?W{REWC?O@LEME]AEC?ZIWIACM?C?[UI?>I?AIZIAI?@?EDPE\
bferenfeiomezeniefjbmcmrcf_?CP@OQCDNCW@?WC?WIO@D>KACGJ@?
nkebrieinkrifeifbehcdcmkbepinfbegioieiencnieqfjbfhcninienie
jcfeimkjncnfefencbgfbmfejfecjqcbfeenfe#e@?WI>KI?CAKEB@S
#e@?=>?QA@Q@>KC>?AIZIAEWC>?D@>?EDPE>@>??I??W@?346?I?>UC>?
CMKIACGHI>?P@DKIAJ@u
?\?WIO@D>KACGJ@?WI?[UI?@>?MEOEKI>?I?P@DWEGHI>?BUCAWCO?P@I\
ojqcieqfdeibejfodibekbmi~khkqcnibejkbmiekcefdghkdkjmioeke
qfdefbef~lkmcfbeniegfhmcqiepbqih
?\?I>KEOCKERC>?W@?EOQCPK@?WC?CQMEPCGJ@?W@>?MEOEKI>?C?PCWC?
UOC?WC>?KA>?I>ZIAC>?WI?B@RIAD@w
?\?ACFHI>?WI?IRIDKUCM?QA@Q@>EGJ@?WI?MEOEKI>?WEZIAIDPECW@>?
Q@A?I>ZIAC?WI?B@RIAD@w


v?\?OIK@W@M@BEC?WI?CQUACGJ@?W@>?AI>UMKCW@>?QAEO]AE@?I?D@\
OEDCMS
#e@?=>?QA@Q@>KC>?OIDPE@DCWC>?D@>?EDPE>@>??I??W@?346?KCO\
LYO?Q@WIAJ@?>IA?CQAI>IDKCWC>?IO?KIAO@>?WI?W{REWC?M{[UEWC_?IREWID\
PECDW@?C?Z@AOC?I?C?OIK@W@M@BEC?WI?>UC?CQUACGJ@S
#e@?X>?MEOEKI>?WI?[UI?KACKCO?@>?EDPE>@>??I??W@?346ebkofep\
CW@>?IO?QIAPIDKUCM?WC?AIPIEKC?P@AAIDKI?M{[UEWC?QCAC?PCWC?I>ZIAC?WI?
B@RIAD@?I?CQMEPCW@>?EBUCMOIDKI?C?K@W@>?@>?IDKI>?WC?
IWIACGJ@?[UI?
C?EDKIBAIO_?P@D>KEKUEDW@_?QCAC?PCWC?UO?WIMI>_?MEOEKI>?O]EO@>S
#e@?|ioiepjbenkekocpqifenfeimkjncdkjmfenfehcdcmkeieigr\
oifenfedfjmijmkeniencnieqfjbfhcniniebkosekkmrinieifepjihenke
PCWC?[UCWAEOI>KAIS
#e"@?5@?QACF@?QAIRE>K@?D@?CAKS?@efe|okbcnkjmkeniekg~hcqie
kjcioseifekjinfeknkoihefreifefjokbbfe7iqcfjiheqfjfodkefe
PC>@_?QA@Q@>KC?WI?OCDUKIDGJ@?@U?CMKIACGJ@?W@>?MEOEKI>?I?P@DWEGHI>?
QAIRE>K@>?D@>?EDPE>@>??I??W@346S
#e@?TIOQAI?[UI?CMKIACW@>?@>?ZUDWCOIDK@>?WC>?QA@Q@>KC>?WI?
[UI?KACKC?I>KI?CAKEB@_?IO?ACFJ@?WI?ED>KCLEMEWCWI?IP@D OEPC?@U?CM\
KIACGHI>?DC>?Q@M{KEPC>?O@DIK]AEC?@U?PCOLECM_?@?AI>EWIDKI?WC?I\
g~hcqiegfnkosekjqidcjioeifekjinfeknkoihefreifefjokbbfe
5CPE@DCM?>@MEPEKCGJ@?WI?AIRE>J@?W@>?MEOEKI>S
#e@?X>?QAIPCK`AE@>?VUWEPECE>?DJ@?QCB@>?WUACDKI?C?IIPUGJ@?W@?
@AGCOIDK@?IO?[UI?N@URIAIO?>EW@?EDPMU{W@>?EDKIBACO?C?W{REWC?P@D\
bfhcniniegioiepjbenkeighcqifenfbehcdcmkb
)...
0)8))0))2
=AKS?yvS6TI?C?W{REWC?P@D>@MEWCWC?WI?UO?IDKI?WC?
IWIACGJ@?UM\
moigibbioefeokbgkqmcfehcdcmkeifepjihenkerderinocdkbmokenkkose
>IA?C?IMI?AIP@DWUFEWC?CKY?@?KYAOED@?W@>?KA>?>UL>I[UIDKI>_?AIWUFED\
nfefekqknkjmkekdegkhfedkjfbe" ecjmkekeqcjqfegfoeqkjmfejfe
QAEOIEA@S
#e@?D[UCDK@?QIAWUACA?@?IPI>>@_?@?IDKI?[UI?DIMI?N@URIA?ED\
P@AAEW@u
?\?I>KCA]?QA@ELEW@?WI?AICMEFCA?@QIACGJ@?WI?PAYWEK@?EDKIADC?@U?
kmkojiecjqhrbckegfoeijmkqcgifenkeokqkcmieokbbihinfefeokpjij\
PECOIDK@?W@?QAEDPEQCM?CKUCMEFCW@?WC?W{REWC?O@LEME]AECw
?\?@LKIA]?AI>UMKCW@?QAEO]AE@?DIPI>>]AE@??AIP@DWUGJ@?WC?W{\
REWC?C@?MEOEKI_?QA@O@RIDW@_?IDKAI?@UKAC>?OIWEWC>_?MEOEKCGJ@?WI?
IOQIDN@_?DC?Z@AOC?W@?CAKS?w@S
#e@?vIDPEW@?@?QACF@?QCAC?AIK@AD@?WC?W{REWC?C@?MEOEKI_?I?ID\
rijmfegkonroioefekqkbbfefekjmkepqiosemid~}decdgkncnfenkeok\
PILIA?KACD>ZIADPEC>?R@MUDK]AEC>?WC?DEJ@?@U?W@?>KCW@S
#e@?abeokbmockbenfe#e@?CQMEPCO\>I?EOIWECKCOIDKI?>I?@?O@D\
mijmkeniencniekqknkoefehcdcmkejfegocdkcoferinocdkbmokenfehmc\
dfeijfenfedijnimfenfekkenfe|fnkoekqrmcf
#e@?X? EDE>KYAE@?WC?
CFIDWC?WERUMBCA]_?OID>CMOIDKI_?C?AIMC\
GJ@?W@>?IDKI>?[UI?KIDNCO?UMKACQC>>CW@?@>?MEOEKI>?WC>?W{REWC>?P@D\
>@MEWCWC?I?O@LEME]AECS
#e"@?=>?D@AOC>?WI>KI?CAKEB@?>IAJ@?@L>IARCWC>?D@>?PC>@>?WI?WI>\
PUOQAEOIDK@?W@>?MEOEKI>?WC?W{REWC?O@LEME]AEC?I?WC>?@QIACGHI>?WI?
PAYWEK@?EDKIADC>?I?IKIADC>S
).7
0)+))*
K).
0)*
=AKS?yxS6e} cjcbm}ocfenieikjniekocpqiosefeqrdgocdkjmfe
W@>?MEOEKI>?I?P@DWEGHI>?AIMCKER@>??AICMEFCGJ@?WI?@QIACGHI>?WI?PAY\
WEK@?WI?PCWC?IDKI?WC?
IWIACGJ@_?EDPMU>ERI?WC>?IOQAI>C>?Q@A?IMI>?
P@DKA@MCWC>_?WEAIKC?@U?EDWEAIKCOIDKIS
4

#e@?X?IDKI?EDKIAI>>CW@?Z@AOCMEFCA]?>IU?QMIEK@?ZUDWCOIDKCDW@\
\@?IO?QCAIPIA?WI?>IU>?`ABJ@>?KYPDEP@>?I?VUA{WEP@>_?WIO@D>KACDW@?C?
AIMCGJ@?PU>K@\LIDIZ{PE@_?@?EDKIAI>>I?IP@D OEP@?I?>@PECM?WC?@QIAC\
GJ@?I?@?CKIDWEOIDK@?WC>?>IBUEDKI>?P@DWEGHI>u
?\?IE>KDPEC?WI?QAYREC?I?IQAI>>C?CUK@AEFCGJ@?QCAC?C?P@DKAC\
KCGJ@_?D@?KIK@?WC?MIE?@AGCOIDK]AEC_?IO?PAYWEK@>?CWEPE@DCE>?@U?MIE?
kbgkqpqi
?\?EDPMU>J@?D@?@AGCOIDK@?@U?IO?PAYWEK@>?CWEPE@DCE>?W@>?AI\
PUA>@>?QA@RIDEIDKI>?WC?@QIACGJ@_?IPIK@?D@?PC>@?WI?@QIACGHI>?Q@A?
CDKIPEQCGJ@?WI?AIPIEKCw
eef~bkojqcienfbehcdcmkbekeqfjnckbepinfbegkhfekjinfe

IWIACMw
eeirmfocifekbgkqpqienfekjinfeknkoiherijnfebkemoi\
KCA?WI?@QIACGJ@?WI?PAYWEK@?IKIAD@w
v?\?CKIDWEOIDK@?W@?WE>Q@>K@?D@?cjqcbfeenfeiomeeniefjb\
KEKUEGJ@w
v?\?@L>IAR7DPEC?WC>?WIOCE>?AI>KAEGHI>?I>KCLIMIPEWC>?DI>KC?IE?
fdghkdkjmio
#e@?=>?@QIACGHI>?AIMCKERC>??W{REWC?O@LEME]AEC?ZIWIACM?CUK@AE\
FCWC>_?D@?KIK@?WC?MIE?@AGCOIDK]AEC?@U?WI?PAYWEK@>?CWEPE@DCE>_?>IAJ@?
f~lkmfenkegofqkbbfebcdghcpqinferkeimkjniebebribekbgkqcpqcninkb
#e@?|ioiepjbenfencbgfbmfejfecjqcbfeenfe#e@_?P@D>EWIACA\>I\]_?
kdeqiniekkoqqcfepjijqkcofefemfmihenfbeokqrobfbenkefgkoikbenke
PAYWEK@?DIMI?EDBAI>>CW@>?I?@?WC>?WI>QI>C>?WI?PCQEKCM?IIPUKCWC>_?
@L>IARCW@?@?>IBUEDKIu
?\?DJ@?>IAJ@?P@OQUKCWC>?DC>?WI>QI>C>?WI?PCQEKCM?C>?AICMEFCWC>?
bf~eiefodienkekdgo}bmcdfefrepjijqcidkjmfeieqfjmoc~rcjmkeqfde
fecjmrcmfenkegofdfkoecjqkjmcfepbqihemkjnfegfoe~ibkemoc~rmfenke
P@OQIKDPEC?W@?IDKI?WC?
IWIACGJ@_?>I?AI>UMKCA?C?WEOEDUEGJ@_?WEAIKC?
@U?EDWEAIKC_?W@? DU>?WI>KIw
eebkefekdgo}bmcdfefrepjijqcidkjmfeierkebkeokkokefecjqc\
bfeefoeqfjqkncnfegfoecjbmcmrcfepjijqkcoieqfjmofhiniegkhfekjmke
WC?
IWIACGJ@_?@?RCM@A?WC?@QIACGJ@?>IA]?WIWUFEW@?WC>?WI>QI>C>?WI?
PCQEKCMw
?\?e8a
#e@?TIO?QAIVU{F@?WC>?CKAELUEGHI>?QA`QAEC>?W@?TIDCW@?
IWIACM?
kenfeijqfekjmoihenfeoibchefe} cjcbm}ocfenieikjniekkmriosefe
okcbmofekhkmojcqfeqkjmoihcinfekeimrihcinfenibencnibeg~hcqibe
cjmkojiekekmkojieioijmcnfefeiqkbbfeg~hcqfebecjfodikberke
EDPMUEAJ@u
?\?IDPCAB@>?I?P@DWEGHI>?WI?P@DKACKCGJ@w
?\?>CMW@>?CKUCMEFCW@>?I?MEOEKI>?AIMCKER@>?>?W{REWC>?P@D>@ME\
WCWC?I?O@LEME]AEC_?@QIACGHI>?WI?PAYWEK@?I?P@DPI>>J@?WI?BCACDKEC>S
#e"@?X>?P@DKACK@>?WI?@QIACGJ@?WI?PAYWEK@?IKIAD@?DJ@?P@DKI\
AJ@?PM]U>UMC?[UI?EOQ@AKI?DC?P@OQID>CGJ@?CUK@O]KEPC?WI?WYLEK@>?
I?PAYWEK@>S
=AKS?yyS6aecjbmcmrcfepjijqkcoierkeqfjmoimioefgkoifenkeqo}\
WEK@?P@O?IDKI?WC?
IWIACGJ@_?IPIK@?[UCDW@?AIMCKERC??W{REWC?O@LE\
ME]AEC?@U??IKIADC_?WIRIA]?IEBEA?P@OQA@RCGJ@?WI?[UI?C?@QIACGJ@?
CKIDWI?>?P@DWEGHI>?I?MEOEKI>?I>KCLIMIPEW@>S
#e@?=?@QIACGJ@?AICMEFCWC?P@O?EDZACGJ@?W@?WE>Q@>K@?DI>KC?IE?
fdghkdkjmioebkoseqfjbcnkoiniejrhiegofqknkjnfbkeifebkreqij\
PIMCOIDK@_?OIWECDKI?C?WIR@MUGJ@?W@?QAEDPEQCM_?RIWCW@>?@?QCBC\
dkjmfenkelrofbekenkdicbekjqiofbepjijqkcofb
#e@?TI?C?WIR@MUGJ@?DJ@?Z@A?IZIKUCWC?D@?IIAP{PE@?WI?EDBAI>>@?
nfbeokqrobfbebkoseqfjbcjinieokbkoiekbgkqpqiejiehkcefoidkjms\
AEC?QCAC?@?IIAP{PE@?>IBUEDKIS


#e@?D[UCDK@?DJ@?IZIKUCW@?@?PCDPIMCOIDK@_?C?CO@AKEFCGJ@_?@U?
P@D>KEKU{WC?C?AI>IARC_?CQMEPCO\>I?C>?>CDGHI>?QAIRE>KC>?D@>?EDPE>@>?
nfe#e@?W@?CAKS?xyS
#e@?^COLYO?>I?P@D>KEKUEA]?AI>IARC_?D@?O@DKCDKI?I[UERCMIDKI?
C@?IPI>>@_?>I?DJ@?CKIDWEW@?@?WE>Q@>K@?D@?EDPE>@??W@?CAKS?v?WC?
fjbmcmrcfeqfjbcnkoinibeibencbgfbckbenfe#e@?W@?CAKS?yxS
K)..
0)7
=AKS?yzS6eijqfekjmoihenfeoibchejfekdcmcosemmrhfbenienc\
nieg~hcqieiegiomcoenkenfcbeijfbeig6beiegr~hcqifenkbmiekcefd\
QMIOIDKCAS
=AKS?yS6?RIWCWC?C?AICMEFCGJ@?WI?@QIACGJ@?WI?PAYWEK@?IDKAI?
UO?IDKI?WC?
IWIACGJ@_?WEAIKCOIDKI?@U?Q@A?EDKIAOYWE@?WI?ZUDW@_?
CUKCA[UEC_?ZUDWCGJ@?@U?IOQAI>C?I>KCKCM?WIQIDWIDKI_?I?@UKA@_?
EDPMU>ERI?>UC>?IDKEWCWI>?WC?CWOEDE>KACGJ@?EDWEAIKC_?CEDWC?[UI?>@L?C?
fodienkejfifeokpjijqcidkjmfefregfbmkoifenkencnieqfj\
KAC{WC?CDKIAE@AOIDKIS
#e@?PIKUCO\>I?WC?RIWCGJ@?C?[UI?>I?AIZIAI?@?3462C>?@QIAC\
kbekjmokecjbmcmrcfepjijqkcoiekbmimihekefrmofekjmkenieknkoife
EDPMU>ERI?>UC>?IDKEWCWI>?WC?CWOEDE>KACGJ@?EDWEAIKC_?[UI?DJ@?>I?WI>\
KEDIO?Cu
eepjijqcioencokmiefrecjncokmidkjmkenkbgkbibeqfookjmkb
eeokpjijqcioencnibejfeqfjmoinibelrjmfeego6gociecjbmcmrc\
GJ@?P@DPIWIDKIS
#e@?X?WE>Q@>K@?D@?346?DJ@?EOQIWI?>KCW@>?I? UDEP{QE@>?WI?
P@OQACA?K{KUM@>?WC?W{REWC?WC?DEJ@?P@O@?CQMEPCGJ@?WI?>UC>?WE>Q@\
DELEMEWCWI>S
=AKS?yS6?QA@ELEWC?C?@QIACGJ@?WI?PAYWEK@?IDKAI?UOC?ED>KEKUEGJ@?
pjijqkcoiekbmimihekefekjmkenieknkoiferkeieqfjmofhkejierihcninke
nke~kjkpqcsocfenfekdgo}bmcdf
|iosoifejcqfeencbgfbmfejfe346?DJ@?QA@{LI?ED>KEKUEGJ@?
pjijqkcoieqfjmofhinienkeinrcocoejfedkoqinfemmrhfbeniencnie
g~hcqiegioieimkjnkoecjkbmcdkjmfenkebkrbeqhckjmkbefremmrhfbenie
W{REWC?WI?IOE>>J@?WC?DEJ@?QCAC?CQMEPCGJ@?WI?AIPUA>@>?QA`QAE@>S
=AKS?yS6[UEQCACO\>I?C?@QIACGHI>?WI?PAYWEK@?I?I>KJ@?RIWCW@>u
?\?PCQKCGJ@?WI?AIPUA>@>?C?K{KUM@?WI?CDKIPEQCGJ@?WI?AIPIEKC?WI?
KAELUK@?@U?P@DKAELUEGJ@?PUV@?ZCK@?BIACW@A?CEDWC?DJ@?KIDNC?@P@AAEW@_?
>IO?QAIVU{F@?W@?WE>Q@>K@?D@?#e@?nfeiome"eniefjbmcmrcfw
?\?AIPILEOIDK@?CDKIPEQCW@?WI?RCM@AI>?WI?IOQAI>C?IO?[UI?@?
|fnkoe|~hcqfenkmkjiencokmiefrecjncokmidkjmkeiedicfocienfeqigc\
KCM?>@PECM?P@O?WEAIEK@?C?R@K@_?>CMR@?MUPA@>?I?WEREWIDW@>_?DC?Z@AOC?
WC?MIBE>MCGJ@w
eeibbrjfencokmienkeqfdgofdcbbfeqfjpbbfenkencniefre
@QIACGJ@?C>>IOIMNCWC_?P@O?Z@ADIPIW@A?WI?LID>_?OIAPCW@AEC>?@U?
>IAREG@>_?OIWECDKI?IOE>>J@_?CPIEKI?@U?CRCM?WI?K{KUM@?WI?PAYWEK@_?DJ@?
>I?CQMEPCDW@?I>KC?RIWCGJ@?C?IOQAI>C>?I>KCKCE>?WIQIDWIDKI>w
v?\?C>>UDGJ@?WI?@LAEBCGJ@_?>IO?CUK@AEFCGJ@?@AGCOIDK]AEC_?
P@O?Z@ADIPIW@AI>?QCAC?QCBCOIDK@?C?500?WI?LID>?I?>IAREG@>S
K)...
0)+))*))3))8)+

?\?AICMEFCA\>I\]?>@OIDKI?C?QCAKEA?W@?WYPEO@?WEC?W@?ED{PE@?W@?
IIAP{PE@w
?\?WIRIA]?>IA?ME[UEWCWC_?P@O?VUA@>?I?@UKA@>?IDPCAB@>?EDPEWID\
KI>_?CKY?@?WEC?WIF?WI?WIFIOLA@?WI?PCWC?CD@w
?\?DJ@?>IA]?CUK@AEFCWC?>I?Z@AIO?P@LACW@>?@UKA@>?IDPCAB@>?
rkejfeiemiienkelrofbeniefgkoifef~ocimfocidkjmkegokpinie
frecjnkinieemiie~sbcqiepjijqkcoiefreerkeckoeiekbmiebr~bmcmrco
v?\?I>KCA]?QA@ELEWCu
iekjrijmfekcbmcoefgkoifeijmkocfoeniedkbdiejimrokiejfe
EDKIBACMOIDKI?AI>BCKCWCw
~ejfehmcdfeijfenkedijnimfenfe|okbcnkjmkefkojinfoefre
AIZIEK@? UDEPEQCMS
#e@?=>?@QIACGHI>?WI?[UI?KACKC?I>KI?CAKEB@?DJ@?>IAJ@?P@OQUKC\
WC>?QCAC?IZIEK@?W@?[UI?WE>QHI?@?cjqcbfeenfeiomeeniefjbmcmrc\
GJ@enkbnkerkehcrcninibejfegoifenkpjcnfejfecjqcbfeenfe346S
#e@?=>?@QIACGHI>?WI?PAYWEK@?Q@A?CDKIPEQCGJ@?WI?AIPIEKC?AICME\
FCWC>?Q@A?>KCW@>?@U? UDEP{QE@>?>IAJ@?IZIKUCWC>?OIWECDKI?CLIAKU\
oienkeqo}ncmfelrjmfeecjbmcmrcfepjijqkcoiekjqknfoiekdegofqkbbfe
qfdgkmcmcfekhkmojcqfegofdfcnfegkhfeijqfekjmoihenfeoibch
#e@?eijqfekjmoihenfeoibchedijmkosebcbmkdienkeiqfdgi\
DNCOIDK@?I?P@DKA@MI?W@?>CMW@?W@?PAYWEK@?CLIAK@?I_?D@?PC>@?WI?ED@\
L>IAR7DPEC?W@>?MEOEKI>_?CQMEPCA]?C>?>CDGHI>?PCL{RIE>??ED>KEKUEGJ@?
PAIW@ACS
K).7
0)+)));)*));
=AKS?ywS65C>?>UC>?AIMCGHI>?P@O?IDKI?WC?
IWIACGJ@_?@?CDP@?
kjmoihenfeoibchekbmsebrlkcmfebeknikbeqfjbmijmkbenfeiome"eke
OCE>?>?>IBUEDKI>u
?\?P@OQAC?WI?K{KUM@?WC?W{REWC_?DC?WCKC?WI?>UC?P@M@PCGJ@?D@?
dkoqinfeokbbihinfefencbgfbmfejfe#e@?WI>KI?CAKEB@w
?\?QIAOUKC_?CEDWC?[UI?KIOQ@A]AEC_?Q@A?EDKIAOYWE@?WI?ED>KEKUE\
fepjijqkcoiefrejfenkemmrhfeniencnienkekjmkenieknkoifegfoe
mmrhfeniencnieg~hcqieknkoihe~kdeqfdfeiefgkoifenkeqfdgoie
kekjnieiemkodfenirkhkemmrhfeqrlfekkcmfepjihebkliebkdkhijmke
?QIAOUKCw
?\?P@DPI>>J@?WI?BCACDKECS
#e@?X?WE>Q@>K@?D@?EDPE>@?_?$/*$%_?DJ@?>I?CQMEPC?C@?I>K@[UI?
nkekmoibenfeijqfekjmoihenfeoibche}ockebgkqcihekcbmkjmke
jieqiomkcoienibecjbmcmrckbepjijqkcoiberkegfnkebkoeokpjijqcinfe
OIWECDKI?D@RC>?@QIACGHI>?WI?RIDWC?C?KIAO@S
#e@?eijqfekjmoihenfeoibcheb6egfnkoseqfdgoioencokmidkj\
mkemmrhfbekdcmcnfbegkhiejcfegioieokpjijqcioeiencniedf~chcsocie
ZIWIACM?[UI?I>KERIA?RIDPIDW@?DC?>UC?PCAKIEACS
#e@?aefgkoifedkjqcfjiniejfe#e@?WIRIA]?>IA?AICMEFCWC??KCC?
d}nciekeqfjnckbeihqijinibejfenciekdehkchfeg~hcqf
#e@??RIWCW@?C@?^I>@UA@?5CPE@DCM?CW[UEAEA?K{KUM@>?WC?W{REWC?
g~hcqieknkoihekcbmkjmkbejieqiomkcoienfeijqfekjmoihenfeoibche
CEDWC?[UI?P@O?PM]U>UMC?WI?AIRIA>J@_?>CMR@?QCAC?AIWUFEA?C?W{REWC?
O@LEME]AECS
)7
0)6)))*

=AKS?yS6=?@QIACGJ@?WI?PAYWEK@?Q@A?CDKIPEQCGJ@?WI?AIPIEKC?
nkbmcjibkeieimkjnkoecjbrpqcjqcienkeqicienroijmkefekkoqqcfep\
DCDPIEA@?I?PUOQAEA]?C>?IEBDPEC>?OIDPE@DCWC>?D@?CAKS?yx?I?OCE>?
C>?>IBUEDKI>u
x

=AKS?zS6X>?IDKI>?Q@WIAJ@?P@DPIWIA?BCACDKEC?IO?@QIACGHI>?WI?
PAYWEK@?EDKIADC>?@U?IKIADC>_?@L>IARCW@>?@?WE>Q@>K@?DI>KI?CAKEB@_?
C>?D@AOC>?W@?CAKS?yx?I_?D@?PC>@?WC?DEJ@_?KCOLYO?@>?MEOEKI>?I?C>?
P@DWEGHI>?I>KCLIMIPEW@>?QIM@?TIDCW@?
IWIACMS


#e@?=?BCACDKEC?I>KCA]?P@DWEPE@DCWC?C@?@ZIAIPEOIDK@?WI?P@DKAC\
BCACDKEC_?IO?RCM@A?EBUCM?@U?>UQIAE@A?C@?WC?BCACDKEC?C?>IA?P@DPIWEWC_?
I??CWEOQMDPEC?WC?IDKEWCWI?[UI?C?QMIEKICA?AIMCKERCOIDKI?C?>UC>?
@LAEBCGHI>?VUDK@?C@?BCACDKEW@A?I?>?IDKEWCWI>?Q@A?I>KI?P@DKA@MCWC>_?
@L>IARCW@?@?>IBUEDKIu
?\?DJ@?>IA]?IEBEWC?P@DKACBCACDKEC?WI?`ABJ@>?I?IDKEWCWI>?W@?
QA`QAE@?IDKIw
?\?C?P@DKACBCACDKEC?IEBEWC?QIMC?DEJ@?C?>KCW@?@U? UDEP{\
QE@_?@U?QIM@>?>KCW@>?C@>? UDEP{QE@>_?Q@WIA]?P@D>E>KEA?DC?REDPUMC\
GJ@?WI?AIPIEKC>?KAELUK]AEC>?WEAIKCOIDKI?CAAIPCWCWC>?I?QA@RIDEIDKI>?
WI?KACD>ZIADPEC>?P@D>KEKUPE@DCE>_?P@O?@UK@ABC?WI?Q@WIAI>?C@?BC\
ACDKEW@A?QCAC?AIK\MC>?I?IOQAIBCA?@?AI>QIPKER@?RCM@A?DC?ME[UEWCGJ@?
WC?W{REWC?RIDPEWCS
#e@?7feqibfenkefgkoifenkeqo}ncmfelrjmfeiefoijcbdfepjij\
PIEA@?EDKIADCPE@DCM_?@U?C?ED>KEKUEGJ@?ZIWIACM?WI?PAYWEK@?I?Z@OIDK@?
QCAC?@?AIQC>>I?WI?AIPUA>@>?IKIAD@>_?C?DEJ@?>`?QAI>KCA]?BCACDKEC?C?
kjmkerkeimkjnieih}denfencbgfbmfejfe#e@_?C>?IEBDPEC>?MIBCE>?QCAC?
@?AIPILEOIDK@?WI?KACD>ZIADPEC>?R@MUDK]AEC>S
#e@?e8a
#e@?e8a
#e"@?ejrhieieioijmcieqfjqkncnieiqcdienfbehcdcmkbepinfbegkhfe
TIDCW@?
IWIACMS
#e@??RIWCW@?>?IDKEWCWI>?WC?CWOEDE>KACGJ@?EDWEAIKC_?EDPMU>ERI?
>UC>?IOQAI>C>?P@DKA@MCWC>?I?>UL>EWE]AEC>_?P@DPIWIA?BCACDKEC_?CEDWC?
[UI?P@O?AIPUA>@>?WI?ZUDW@>S
#e@?encbgfbmfejfe#e@?DJ@?>I?CQMEPC??P@DPI>>J@?WI?BCACDKEC?
Q@Au
?\?IOQAI>C?P@DKA@MCWC?C?>UL>EWE]AEC?@U?P@DKA@MCWC?>UC_?DIO??
QAI>KCGJ@?WI?P@DKACBCACDKEC?DC>?OI>OC>?P@DWEGHI>w
eecjbmcmrcfepjijqkcoieiekdgokbiejiqcfjihejfbemkodfbenie
MIES
#ez@?PIKUC\>I?W@?WE>Q@>K@?DI>KI?CAKEB@?C?BCACDKEC?QAI>KCWCu
eegfoecjbmcmrckbepjijqkcoibekbmimicberkebkebr~dkmkofebe
jfodibeighcqskcbebecjbmcmrckbepjijqkcoibegocinibenkeiqfonfe
P@O?C?MIBE>MCGJ@?QIAKEDIDKIw
?\?QIMC?DEJ@_?DC?Z@AOC?WI?MIE?ZIWIACM_?C?IOQAI>C>?WI?DCKUAIFC?
pjijqkcoiegfoekhieqfjmofhinibencokmiekecjncokmidkjmkerijmfebe
@QIACGHI>?WI?>IBUA@?WI?PAYWEK@??IQ@AKCGJ@S
#e@?tUCDW@?N@DACAIO?W{REWC?WI?@UKA@?IDKI_?IO?ACFJ@?WI?BC\
ACDKEC?QAI>KCWC_?C?DEJ@?I?@>?>KCW@>?Q@WIAJ@?P@DWEPE@DCA?C>?KACD>\
ZIADPEC>?P@D>KEKUPE@DCE>?C@?AI>>CAPEOIDK@?WC[UIMI?QCBCOIDK@S
#eeekjmkenieknkoifeqrliencniemckoebcnfefjoiniegkhie
DEJ@?@U?Q@A?>KCW@_?IO?WIP@AADPEC?WI?BCACDKEC?QAI>KCWC?IO?
@QIACGJ@?WI?PAYWEK@_?KIA]?>U>QID>@?@?CPI>>@?C?D@R@>?PAYWEK@>?@U?
pjijqcidkjmfbeim}eiemfmihehcrcnifeniedkjqcfjiniencni
)7.
0)8))1
=AKS?zvS?e8a
=AKS?zxS??RIWCW@?C@?KEKUMCA?WI?@WIA?@U?`ABJ@?AIZIAEW@?D@?CAKS?
ejfbehmcdfbenfcberinocdkbmokbenfebkredijnimfeqfjmoicoef~oc\
BCGJ@?WI?WI>QI>C?[UI?DJ@?Q@>>C?>IA?PUOQAEWC?EDKIBACMOIDKI?WIDKA@?
WIMI_?@U?[UI?KIDNC?QCAPIMC>?C?>IAIO?QCBC>?D@?IIAP{PE@?>IBUEDKI?
bkderkeiliebrpqckjmkencbgfjc~chcninkenkeqiciegioiekbmkekkcmf
|iosoifejcqfe7ienkmkodcjifeniencbgfjc~chcninkenkeqicie
>IAJ@?P@D>EWIACW@>?@>?IDPCAB@>?I?WI>QI>C>?P@OQA@OE>>CWC>?C?QC\
ioeim}efepjihenfekkoqqcf

*31s/2+)7...
03)6-/+)13/8.5 +,.32
).
0)0K))*n
=AKS?zyS6=>?WE>Q@DELEMEWCWI>?WI?PCEC?W@>?IDKI>?WC?
IWIACGJ@?
>IAJ@?WIQ@>EKCWC>?P@DZ@AOI?I>KCLIMIPI?@?#e@?nfeiomeeniefjbmcmrcfS
#e@?=>?WE>Q@DELEMEWCWI>?WI?PCEC?W@>?AIBEOI>?WI?QAIREWDPEC?
bfqcihekoihekego6gocfenfbebkocnfokbeg~hcqfbeicjnierkecjqr\
hinibeierjnfbekbgkqpqfbeierkebkeokkokdefbeCAK>S?xzw?I?x?WC?
fjbmcmrcfepqiofenkgfbcminibekdeqfjmiebkgioinienibenkdicbe
WE>Q@DELEMEWCWI>?WI?PCWC?IDKI?I?CQMEPCWC>?DC>?P@DWEGHI>?WI?OIA\
PCW@_?P@O?@L>IAR7DPEC?W@>?MEOEKI>?I?P@DWEGHI>?WI?QA@KIGJ@?I?QAU\
njqciepjijqkcoi
#e@??RIWCWC?C?CQMEPCGJ@?WC>?WE>Q@DELEMEWCWI>?WI?[UI?KACKC?@?
#e@?IOu
eemmrhfbeniencnieg~hcqiekbminrihekedrjcqcgihe~kdeqfdfe
IO?CGHI>?I?@UKA@>?QCQYE>?AIMCKER@>?>?IOQAI>C>?P@DKA@MCWC>?QIM@?
AI>QIPKER@?IDKI?WC?
IWIACGJ@w
?\?IOQAY>KEO@>_?WI?[UCM[UIA?DCKUAIFC_?C@>?>IBUACW@>?I?C@?
|fnkoe|~hcqfecjqhrbckeiebribekdgokbibeqfjmofhinib
5lZ611
an67klmlknZ6Z67nkp %ipZ67poZ
=AKS?zzS6?RIWCWC?C?CQMEPCGJ@?WC?AIPIEKC?WI?PCQEKCM?WIAERCWC?
nieihckjifenke~kjbekencokcmfberkecjmkoidefegimocdjcfeg~hcqfe
gioiefepjijqcidkjmfenkenkbgkbieqfookjmkebihfebkenkbmcjiniegfoehkce
C@>?AIBEOI>?WI?QAIREWDPEC?>@PECM_?BIACM?I?QA`QAE@?W@>?>IAREW@AI>?
g~hcqfb
=AKS?zS6~bkoinfefencbgfbmfejfe#e"@?W@?CAKS?@_?C?MIE?@AGC\
OIDK]AEC?I?C>?WI?PAYWEK@>?CWEPE@DCE>?>`?EDPMUEAJ@?D@R@>?QA@VIK@>?
CQ`>?CWI[UCWCOIDKI?CKIDWEW@>?@>?IO?CDWCOIDK@?I?P@DKIOQMCWC>?
ibenkbgkbibenkeqfjbkoifenfegimocdjcfeg~hcqfejfbemkodfbekde
[UI?WE>QU>IA?C?MIE?WI?WEAIKAEFI>?@AGCOIDK]AEC>S
|iosoifejcqfee|fnkoekqrmcfenkeqiniekjmkekjqidcjiose
C@?IBE>MCKER@_?CKY?C?WCKC?W@?IDRE@?W@?QA@VIK@?WI?MIE?WI?WEAIKAEFI>?
@AGCOIDK]AEC>_?AIMCK`AE@?P@O?C>?EDZ@AOCGHI>?DIPI>>]AEC>?C@?PUO\
QAEOIDK@?W@?WE>Q@>K@?DI>KI?CAKEB@_?C@?[UCM?>IA]?WCWC?COQMC?WERUM\
BCGJ@S
=AKS?zS6?DUM@?WI?QMID@?WEAIEK@?CK@?WI?WI>CQA@QAECGJ@?WI?
EO`RIM?UALCD@?IQIWEW@?>IO?@?CKIDWEOIDK@?W@?WE>Q@>K@?D@?#e@?W@?
iomezeniefjbmcmrcf_
?@U?QAYRE@?WIQ`>EK@?VUWEPECM?W@?RCM@A?WC?EDWIDEFCGJ@S
)...
0)-)*)))1K
=AKS?zS6aekdgokbieqfjmofhinierkepodioeqfjmoimfenkekbmfe
IO?[UI?>I?I>KCLIMIGCO?@LVIKER@>?I?OIKC>?WI?WI>IOQIDN@_?DC?Z@AOC?
niehkcencbgfosenkeirmfjfdciekokjqcihefoidkjmsociekepjijqkcoie
>IO?QAIVU{F@?W@?WE>Q@>K@?D@?cjqcbfeenfe#e"@?nfeiome"eniefjbmcmrcfS
|iosoifejcqfeaekdgokbieqfjmofhiniecjqhrcosekdebkrbe~i\
MCDG@>?KAEOI>KACE>?D@KC?IQMEPCKERC?IO?[UI?EDZ@AOCA]u
?\?Z@ADIPEOIDK@?WI?LID>?I?>IAREG@>?C@?P@DKA@MCW@A_?P@O?AI>\
QIPKER@>?QAIG@>?I?P@DWEGHI>_?P@OQCACDW@\@>?P@O?@>?QACKEPCW@>?D@?
OIAPCW@w
?\?AIPUA>@>?AIPILEW@>?W@?P@DKA@MCW@A_?C?[UCM[UIA?K{KUM@_?I>QI\
qcpqijnfeihfoefjmkekenkbmcjif


?\?RIDWC?WI?LID>_?QAI>KCGJ@?WI?>IAREG@>?@U?P@DPI>>J@?WI?
IOQAY>KEO@bekepjijqcidkjmfbeqfdegokfbemiibegoifbefreqfjnc\
GHI>?WEZIAIDKI>?W@>?REBIDKI>?D@?OIAPCW@S
*31s/2+).
03)/83,138,*.39)*+,/8+2-)-)1.*32.3:+
).
0)/))6)1
=AKS?zS6fecjbmordkjmfbenkemoijbgiojqcieniekbmfepbqiheifbe
[UCE>?>IA]?WCWC?COQMC?WERUMBCGJ@_?EDPMU>ERI?IO?OIE@>?IMIKA DEP@>?
nkeiqkbbfeg~hcqfefbeghijfbefoidkjmfbekehkcbenkencokmockbefoi\
OIDK]AEC>w?C>?QAI>KCGHI>?WI?P@DKC>?I?@?AI>QIPKER@?QCAIPIA?QAYRE@w?
@?IMCK`AE@?I>UOEW@?WC?IPUGJ@?XAGCOIDK]AEC?I?@?IMCK`AE@?WI?
kbmfecbqihekeibekobkbebcdghcpqinibenkbbkbenfqrdkjmfb
|iosoifejcqfeeaemoijbgiojqciebkoseibbkroiniemid~}de
OIWECDKIu?knifeniniegkhiekcefdghkdkjmioejeenke
??EDPIDKER@??QCAKEPEQCGJ@?Q@QUMCA?I?AICMEFCGJ@?WI?CUWEDPEC>?
g~hcqibenroijmkefbegofqkbbfbenkekhi~foifekencbqrbbfenfbeghi\
D@>_?MIE?WI?WEAIKAEFI>?@AGCOIDK]AEC>?I?@AGCOIDK@>w?DPMU{W@?QIMC?
kcefdghkdkjmioejeenke
??MELIACGJ@?C@?QMID@?P@DNIPEOIDK@?I?CP@OQCDNCOIDK@?WC?
>@PEIWCWI_?IO?KIOQ@?AICM_?WI?EDZ@AOCGHI>?Q@AOID@AEFCWC>?>@LAI?C?
kkqrfefoidkjmsociekepjijqkcoiekdedkcfbekhkmojcqfbenkeiqkb\
bfeg~hcqfejqhrnfegkhiekcefdghkdkjmioejeenke
eeinffenkebcbmkdiecjmkoinfenkeindcjcbmoifepjijqkcoie
I?P@DKA@MI_?[UI?CKIDWC?C?QCWAJ@?O{DEO@?WI?[UCMEWCWI?I>KCLIMIPEW@?
QIM@?@WIA?IPUKER@?WC?DEJ@?I?C@?WE>Q@>K@?D@?CAKS?z\=S?DPMU{\
nfegkhiekcefdghkdkjmioejeenke
aomezaee|ioiefbepjbeierkebkeokkokefecjqcbfeenfegiosoife
jcqfenfeiomezefbekjmkbenieknkoifencbgfjc~chciofeierihrkoe
QI>>@C?Z{>EPC?@U?VUA{WEPC?@?CPI>>@?C?EDZ@AOCGHI>?AIZIAIDKI>?Cu?D\
qhrnfegkhiekcefdghkdkjmioejeenke
??[UCDK@??WI>QI>Cu?K@W@>?@>?CK@>?QACKEPCW@>?QIMC>?UDEWCWI>?
BI>K@AC>?D@?WIP@AAIA?WC?IIPUGJ@?WC?WI>QI>C_?D@?O@OIDK@?WI?>UC?
AICMEFCGJ@_?P@O?C?WE>Q@DELEMEFCGJ@?O{DEOC?W@>?WCW@>?AIZIAIDKI>?
ifejdkofenfeqfookbgfjnkjmkegofqkbbfeife~kdefojkqcnfefreife
bkocfegokbminfeegkbbfiebcqiefrelroncqie~kjkpqcsocienfegii\
OIDK@?I_?[UCDW@?Z@A?@?PC>@_?C@?QA@PIWEOIDK@?MEPEKCK`AE@?AICMEFC\
W@w?jqhrnfegkhiekcefdghkdkjmioejeenke
??[UCDK@??AIPIEKCu?@?MCDGCOIDK@?I?@?AIPILEOIDK@?WI?K@WC?
C?AIPIEKC?WC>?UDEWCWI>?BI>K@AC>_?EDPMU>ERI?AIZIAIDKI?C?AIPUA>@>?I\
KAC@AWED]AE@>S?jqhrnfegkhiekcefdghkdkjmioejeenke
=AKS?zwS6abeqfjmibeigokbkjminibegkhfekkenfe|fnkoekqr\
mcfepqiofencbgfjkcbenroijmkemfnfefekkoqqcfejfeokbgkqmcfe
@WIA?IBE>MCKER@?I?D@?`ABJ@?KYPDEP@?AI>Q@D>]RIM?QIMC?>UC?IMCL@\
ACGJ@_?QCAC?P@D>UMKC?I?CQAIPECGJ@?QIM@>?PEWCWJ@>?I?ED>KEKUEGHI>?WC?
>@PEIWCWIS
|iosoifejcqfeaegokbmifenkeqfjmibeniejcfeqfjmkosenk\
dfjbmoimcfbenfe8kbfrofe7iqcfjihekenibeijqcibepjijqkcoibefp\
PECE>?WI?Z@OIDK@_?EDPMU{W@?@?CDP@?5CPE@DCM?WI?I>IDR@MREOIDK@?
qfjdcqfekefqcihekbgkqcpqijnfefbekdgo}bmcdfbekepjijqcidkj\
mfbeqfjqkncnfbeqfdeokqrobfbefocrjnfbenfbefoidkjmfbepbqihekenie
bkrocninkebfqcihekejfeqibfenibeijqcibepjijqkcoibeiihcife
qcoqrjbmijqcinienfecdgiqmfepbqihenkebribeimccninkbejfekkoqqcf

)..
0)-))*))*
=AKS?S6=MYO?WI?@LIWIPIA?>?WIOCE>?D@AOC>?WI?P@DKCLEMEWCWI?
g~hcqieiekbqocmroifenibeqfjmibeg~hcqibef~bkoioseibebkrcjmkb
?\?C?WE>Q@DELEMEWCWI?WI?PCEC?P@D>KCA]?WI?AIBE>KA@?QA`QAE@_?WI?
O@W@?[UI?@>?AIPUA>@>?REDPUMCW@>?C?`ABJ@_?ZUDW@?@U?WI>QI>C?@LAE\
im6ocieprkdecnkjmcpqinfbekekbqocmroinfbenkefodiecjnccnrihc\
FCWCw
?\?C?WI>QI>C?I?C?C>>UDGJ@?WI?P@OQA@OE>>@?>IAJ@?AIBE>KACWC>?
>IBUDW@?@?AIBEOI?WI?P@OQIKDPEC_?CQUACDW@\>I_?IO?PCA]KIA?P@O\
ghkdkjmioefeokbrhminfenfberfbepjijqkcofbegkhfeokcdkenkeqici
?\?C>?WIO@D>KACGHI>?P@DK]LIE>?P@OQAIIDWIAJ@_?E>@MCWC?I?
P@DVUDKCOIDKI_?C>?KACD>CGHI>?I?@QIACGHI>?WI?PCWC?`ABJ@_?ZUDW@?@U?
IDKEWCWI?WC?CWOEDE>KACGJ@?WEAIKC_?CUK]A[UEPC?I?ZUDWCPE@DCM_?EDPMU\
>ERI?IOQAI>C?I>KCKCM?WIQIDWIDKIw
v?\?C>?AIPIEKC>?I?WI>QI>C>?QAIREWIDPE]AEC>?>IAJ@?CQAI>IDKCWC>?
kdenkdfjbmoimcfbepjijqkcofbekefoidkjmsocfbekbgkqpqfb
v?\?C>?@QIACGHI>?WI?PAYWEK@_?C>?ED>PAEGHI>?IO?I>K@>?C?CBCA?I?
ibenkdicbefodibenkepjijqcidkjmfefreibbrjfenkeqfdgofdcbbfbe
VUDK@?C?KIAPIEA@>_?WIRIAJ@?>IA?I>PAEKUACWC>?WI?O@W@?C?IREWIDPECA?@?
dfjmijmkekeieiocifeniencnieg~hcqiejfegkofnfenkmihijnfe
QIM@?OID@>_?C?DCKUAIFC?I?@?KEQ@?WI?PAIW@Aw
v?\?C?WIO@D>KACGJ@?WC>?RCAECGHI>?QCKAEO@DECE>?WCA]?WI>KC[UI?
?@AEBIO?I?C@?WI>KED@?W@>?AIPUA>@>?QA@RIDEIDKI>?WC?CMEIDCGJ@?WI?
CKER@>S
#e@?5@?PC>@?WC>?WIO@D>KACGHI>?P@DVUDKC>_?IPMUEA\>I\J@?C>?
@QIACGHI>?EDKACB@RIADCOIDKCE>S
#e@??=?IWEGJ@?WI?D@AOC>?BIACE>?QCAC?P@D>@MEWCGJ@?WC>?P@DKC>?
g~hcqibeqi~koseife6ofeqkjmoihenkeqfjmi~chcninkeniejcfe
ID[UCDK@?DJ@?EOQMCDKCW@?@?P@D>IMN@?WI?[UI?KACKC?@?CAKS?S
#e@?aeandcjcbmoife|~hcqiedijmkosebcbmkdienkeqrbmfberke
QIAOEKC?C?CRCMECGJ@?I?@?CP@OQCDNCOIDK@?WC?BI>KJ@?@AGCOIDK]AEC_?
pjijqkcoiekegimocdfjcih
=AKS?vS6X?@WIA?IPUKER@?WC?DEJ@?QA@O@RIA]_?CKY?@?WEC?
KAEDKC?WI?VUDN@_?C?P@D>@MEWCGJ@_?DCPE@DCM?I?Q@A?I>ZIAC?WI?B@RIAD@_?
WC>?P@DKC>?W@>?IDKI>?WC?
IWIACGJ@?AIMCKERC>?C@?IIAP{PE@?CDKIAE@A_?I?
iebriencrhifecjqhrbckegfoedkcfekhkmojcqfenkeiqkbbfeg~hcqf
#e@?X>?>KCW@>?I?@>? UDEP{QE@>?IDPCOEDNCAJ@?>UC>?P@DKC>?C@?
@WIA?IPUKER@?WC?DEJ@?D@>?>IBUEDKI>?QACF@>u
?\? UDEP{QE@>_?P@O?P`QEC?QCAC?@?@WIA?IPUKER@?W@?AI>QIP\
KER@?>KCW@_?CKY?KAEDKC?WI?CLAEMw
?\?>KCW@>_?CKY?KAEDKC?I?UO?WI?OCE@S
#e@?X?WI>PUOQAEOIDK@?W@>?QACF@>?QAIRE>K@>?DI>KI?CAKEB@?EOQI\
WEA]_?CKY?[UI?C?>EKUCGJ@?>IVC?AIBUMCAEFCWC_?[UI?@?IDKI?WC?
IWIACGJ@?
AIPILC?KACD>ZIADPEC>?R@MUDK]AEC>?I?P@DKACKI?@QIACGHI>?WI?PAYWEK@_?
kqkmfeibenkbmcjinibeifeokpjijqcidkjmfenfegocjqcgiheimrihcinfenie
W{REWC?O@LEME]AECS
)...
0)8)8))-)+
=AKS?xS6X?AIMCK`AE@?C?[UI?>I?AIZIAI?@?#e@?nfeiome"eniefjbmcmrcf?CLACD\
kosemfnfbefbe|fnkokbekefe} cjcbm}ocfe|~hcqfebkosegr~hcqinfeim}e
KAEDKC?WEC>?CQ`>?@?IDPIAACOIDK@?WI?PCWC?LEOI>KAI?I?P@OQ@>K@?WIu
ee~ihijfefoidkjmsocferkekbgkqcpqiosegfoeqimkfociekqf\
D OEPC_?C>u


ieokqkcmibegfoefjmkecjfodijnfeibeokihcinibekeieokihcioe
LIO?P@O@?C?QAIRE>J@?CKUCMEFCWCw
~enkbgkbibegfoeorgfenkejimrokiencbqocdcjijnfeienfmife
QCAC?@?IIAP{PE@_?C?WI>QI>C?ME[UEWCWC?I?@?>CMW@w
?\?WIO@D>KACKER@>?WC?IIPUGJ@?WC>u
ieokqkcmibegfoeqimkfociekqfjdcqiekefjmkekbgkqcpqijnfeie
QAIRE>J@?EDEPECM_?C?QAIRE>J@?CKUCMEFCWC?QCAC?@?IIAP{PE@_?C?AIPIEKC?
AICMEFCWC?D@?LEOI>KAI_?C?AICMEFCWC?D@?IIAP{PE@?I?C?QAIRE>J@?C?AIC\
MEFCAw
~enkbgkbibegfoeqimkfociekqfjdcqiekeorgfenkejimrokienie
WI>QI>C_?WE>PAEOEDCDW@?W@KCGJ@?EDEPECM_?W@KCGJ@?QCAC?@?IIAP{PE@_?
WI>QI>C>?IOQIDNCWC?I?ME[UEWCWC_?D@?LEOI>KAI?I?D@?IIAP{PE@w
qenkbgkbibegfoerjfekebr~rjf
#e@?beihfokbeokkokjmkbeifeokpjijqcidkjmfeniencniedf~c\
ME]AEC?P@D>KCAJ@?WI>KCPCWCOIDKI?DC>?AIPIEKC>?WI?@QIACGHI>?WI?PAY\
WEK@?I?DC>?WI>QI>C>?P@O?CO@AKEFCGJ@?WC?W{REWCS
#e@?X?WI>PUOQAEOIDK@?W@?QACF@?QAIRE>K@?DI>KI?CAKEB@?>UVIEKC?
fekjmkebebijkbegokcbmibejfe#e@?W@?CAKS?vS
=AKS?yS6=P@OQCDNCAJ@?@?IMCK`AE@?I>UOEW@?WIO@D>KACKER@>?
AIMCKER@>?Cu
eeigroifenieokqkcmieqfookjmkehrcniejiefodienkpjcniejfe
EDPE>@?v?W@?CAKS?x@_?>UC?IR@MUGJ@_?C>>EO?P@O@?C?QAIRE>J@?WI?>IU?
nkbkdgkjfeim}efepjihenfekkoqqcf
?\?AIPIEKC>?I?WI>QI>C>?QAIREWIDPE]AEC>?C?[UI?>I?AIZIAI?@?EDPE>@?
v?W@?CAKS?w
?\?AI>UMKCW@>?D@OEDCM?I?QAEO]AE@w
v?\?WI>QI>C>?P@O?VUA@>_?DC?Z@AOC?W@?EDPE>@??W@?CAKS?z@w
v?\?I>K@>?C?CBCA_?WIKCMNCDW@_?Q@A?@WIA?I?`ABJ@?AIZIAEW@?D@?
CAKS?x_?@>?RCM@AI>?ED>PAEK@>_?@>?QCBCOIDK@>?AICMEFCW@>?I?@?O@DKCDKI?
C?QCBCAS
#e@?eokhim6ocfeokkokjmkeifehmcdfe~cdkbmokenfekkoqqcfebkose
CP@OQCDNCW@?KCOLYO?WI?WIO@D>KACKER@>u
?\?W@?CKIDWEOIDK@?W@?WE>Q@>K@?D@?EDPE>@??W@?CAKS?v?WC?
fjbmcmrcfeqfjfodkefe#e@?W@?CAKS?yxw
?\?WC>?QA@VIGHI>?CKUCAECE>?W@>?AIBEOI>?WI?QAIREWDPEC?>@PECM_?
koihekego6gocfenfbebkocnfokbeg~hcqfb
?\?WC?RCAECGJ@?QCKAEO@DECM_?IREWIDPECDW@?C?CMEIDCGJ@?WI?CKE\
R@>?I?C?CQMEPCGJ@?W@>?AIPUA>@>?WIMC?WIP@AAIDKI>S
#e@?rijnfefoefeqibfebkofeigokbkjminibelrbmcpqimcib
?\?WC?MEOEKCGJ@?WI?IOQIDN@w
eenieorbmoifenkeokqkcmibekbgkqcpqijnfeibedkncnibenke
qfd~imkeebfjkifekeekibfepbqiheinfminibekeieinfmioekeibe
ikbenkepbqihcifekeqf~oiji
).7
0)8))6)1
=AKS?zS6afepjihenkeqinierinocdkbmokebkosekdcmcnfegkhfbemcmr\
MCAI>?W@>?@WIAI>?I?`ABJ@>?AIZIAEW@>?D@?CAKS?x?IMCK`AE@?WI?I>KJ@?

E>PCM_?C>>EDCW@?QIM@u
eekkenfe|fnkoekqrmcf
?\?AI>EWIDKI?I?WIOCE>?OIOLA@>?WC? I>C?EAIK@AC?@U?`ABJ@?
WIPE>`AE@?I[UERCMIDKI_?P@DZ@AOI?AIBEOIDK@>?EDKIAD@>?W@>?`ABJ@>?
W@?@WIA?IBE>MCKER@w
ee|okbcnkjmkenke8oc~rjihekenkdicbedkd~ofbenkefjbkhfenke
=WOEDE>KACGJ@?@U?`ABJ@?WIPE>`AE@?I[UERCMIDKI_?P@DZ@AOI?AIBEOID\
K@>?EDKIAD@>?W@>?`ABJ@>?W@?@WIA?UWEPE]AE@w
eekkenfe} cjcbm}ocfe|~hcqfeniejcfekenfbebminfb

|iosoifejcqfeeokhim6ocfemid~}debkoseibbcjinfegkhibeirmf\
ocninkbeokbgfjbskcbegkhieindcjcbmoifepjijqkcoiekegkhfeqfjmofhke
EDKIAD@_?LIO?P@O@?Q@A2frmoibenkpjcnibegfoeimfego6gocfenkeqinie
@WIA?@U?`ABJ@?AIZIAEW@?D@?CAKS?xS
=AKS?S6X?AIMCK`AE@?P@DKIA]u
eeqfdgioimcfeqfdefbehcdcmkbenkerkemoimiekbmiekcefdghk\
OIDKCA_?W@>?>IBUEDKI>?O@DKCDKI>u
ienkbgkbiemfmiheqfdegkbbfihencbmcjrcjnfeieqfdecjimcfbeke
QID>E@DE>KC>w
~encnibeqfjbfhcniniekedf~chcsoci
qeqfjqkbbfenkeioijmcib
nefgkoikbenkeqo}ncmfecjqhrbckegfoeijmkqcgifenkeokqkcmi
kenkbgkbibenkerkemoimiefecjqcbfeenfeiome@w
?\?EDWEPCGJ@?WC>?OIWEWC>?P@AAIKERC>?CW@KCWC>?@U?C?CW@KCA_?>I?
UMKACQC>>CW@?[UCM[UIA?W@>?MEOEKI>w
eenkdfjbmoimcfbejfehmcdferinocdkbmok
ienfedfjmijmkenibencbgfjc~chcninkbenkeqiciekdemocjmiekerde
WI?WIFIOLA@w
~eniecjbqocfekdekbmfbeie|iioenibenkbgkbib
ehcrcninib
ekdgkjinibekejfehcrcninibecjbqocmibegfoeimkjnkokdeie
UOC?WC>?P@DWEGHI>?W@?EDPE>@??W@?CAKS?zvw
ekdgkjinibekejfehcrcninibecjbqocmibeim}efehcdcmkenfebihnfe
WC?WE>Q@DELEMEWCWI?WI?PCECw
ejfecjbqocmibegfoeihmienkencbgfjc~chcninkenkeqiciekeqrlfbe
IOQIDN@>?Z@ACO?PCDPIMCW@>w
qenfeqrdgocdkjmfenfencbgfbmfejfecjqcbfeekejieihjkie ?W@?
EDPE>@?v?W@?CAKS?yS
#e@?X?AIMCK`AE@?W@>?KEKUMCAI>?W@>?`ABJ@>?OIDPE@DCW@>?D@>?EDPE\
>@>?_??I?v?W@?CAKS?z?P@DKIA]?CQIDC>?C>?EDZ@AOCGHI>?AIMCKERC>??
CM{DIC?4?W@?EDPE>@?_?I?@>?W@PUOIDK@>?AIZIAEW@>?D@>?EDPE>@>??I?S
#e@?X?AIMCK`AE@?>IA]?QULMEPCW@?CKY?KAEDKC?WEC>?CQ`>?@?IDPIAAC\
dkjmfenfegkofnfeierkeqfookbgfjnkoeqfdeidghfeiqkbbfeifeg~hc\
P@_?EDPMU>ERI?Q@A?OIE@?IMIKA DEP@S
#e@?enkbqrdgocdkjmfenfegoifeierkebkeokkokefe#e@?>UVIEKC?
fekjmkeebijfegokcbmiejfe#e@?W@?CAKS?vS
#e@?X>?AIMCK`AE@>?AIZIAEW@>?D@>?CAK>S?x?I?z?WIRIAJ@?>IA?IMC\
L@ACW@>?WI?Z@AOC?QCWA@DEFCWC_?>IBUDW@?O@WIM@>?[UI?Q@WIAJ@?>IA?
CKUCMEFCW@>?QIM@?P@D>IMN@?WI?[UI?KACKC?@?CAKS?S
)7
0)1))*
=AKS?S6abeqfjmibegokbminibegkhfbekkbenfe|fnkoekqrmcfe
EDPMUEAJ@_?CMYO?WC>?>UC>?QA`QAEC>_?C>?W@>?AI>EWIDKI>?W@>?`ABJ@>?
nfbe|fnkokbekcbhimcfekerncqcsocfekenfekkenfe} cjcbm}ocfe|\
LMEP@_?AIZIAEW@>?D@?CAKS?x_?C>?[UCE>?AIPILIAJ@?QCAIPIA?QAYRE@_?>IQC\
oinidkjmkenfeokbgkqmcfe8oc~rjihenkefjmib
#e@?=>?P@DKC>?W@?@WIA?UWEPE]AE@?>IAJ@?CQAI>IDKCWC>?D@?7O\
LEK@u
?\?WC?DEJ@_?QIM@>?AI>EWIDKI>?W@?TUQAIO@?^AELUDCM?
IWIACM?
I?W@>?^AELUDCE>?TUQIAE@AI>_?P@D>@MEWCDW@?C>?W@>?AI>QIPKER@>?KAE\
LUDCE>w
?\?W@>?>KCW@>_?QIM@>?AI>EWIDKI>?W@>?^AELUDCE>?WI?U>KEGC_?
P@D>@MEWCDW@?C>?W@>?WIOCE>?KAELUDCE>S
#e@?egiokqkoebf~okeibeqfjmibenfbe8oc~rjicbenkefjmibebkose
QA@ZIAEW@?D@?QACF@?QAIRE>K@?D@?CAKS??QIMC?P@OE>>J@?OE>KC?QIA\
OCDIDKI?AIZIAEWC?D@?#e@?nfeiomeeniefjbmcmrcf?frekrcihkjmkenibeibibe
IBE>MCKERC>?I>KCWUCE>?I?OUDEPEQCE>S


#e@?TIA]?WCWC?COQMC?WERUMBCGJ@?W@>?AI>UMKCW@>?WC?CQAIPECGJ@?
WC>?P@DKC>_?VUMBCWC>?@U?K@OCWC>S

#e@?e8oc~rjihenkefjmibeniejcfeiqfdgijiosefeqrdgoc\
dkjmfenfencbgfbmfejfbe##e@_?y@?I?z@?W@?CAKS?ywS

=AKS?S6be8oc~rjicbenkefjmibekdcmcofegiokqkoego}cfeqfj\
PMU>ER@?>@LAI?C>?P@DKC>?D@?QACF@?WI?>I>>IDKC?WEC>?W@?AIPILEOIDK@_?
>I?@UKA@?DJ@?I>KERIA?I>KCLIMIPEW@?DC>?P@D>KEKUEGHI>?I>KCWUCE>?@U?DC>?
MIE>?@AB7DEPC>?OUDEPEQCE>S
#e@?5@?PC>@?WI? UDEP{QE@>?[UI?DJ@?>IVCO?PCQEKCE>?I?[UI?KI\
DNCO?OID@>?WI?WUFIDK@>?OEM?NCLEKCDKI>?@?QACF@?>IA]?WI?PIDK@?I?
@EKIDKC?WEC>S
#e@?be8oc~rjicbenkefjmibejfekjmoiofekdeokqkbbfekjrijmfe
IE>KEAIO?P@DKC>?WI?@WIA_?@U?`ABJ@?AIZIAEW@?D@?CAKS?x_?QIDWIDKI>?
WI?QCAIPIA?QAYRE@S

*31s/2+)
0.1+.:-)1.,3.)-)/83,./8.3

=AKS?S6=?QAI>KCGJ@?WI?P@DKC>?IREWIDPECA]?@?WI>IOQIDN@?WC?
CAAIPCWCGJ@?IO?AIMCGJ@??QAIRE>J@_?WI>KCPCDW@?C>?QA@REWDPEC>?
infminibejfed~cmfeniepbqihcifenibeokqkcmibekeqfd~imkeebfjk\
BCGJ@_?C>?CGHI>?WI?AIPUQIACGJ@?WI?PAYWEK@>?DC>?ED>K7DPEC>?CWOEDE>\
KACKERC?I?VUWEPECM_?LIO?P@O@?C>?WIOCE>?OIWEWC>?QCAC?EDPAIOIDK@?
WC>?AIPIEKC>?KAELUK]AEC>?I?WI?P@DKAELUEGHI>S
)7.
0)1))6)1
=AKS?wS6X?@WIA?IBE>MCKER@_?WEAIKCOIDKI?@U?P@O?@?CU{ME@?
nfbe8oc~rjicbenkefjmibekefebcbmkdienkeqfjmofhkecjmkojfenkeqinie
|fnkoekenfe} cjcbm}ocfe|~hcqfepbqihciofefeqrdgocdkjmfenibe
jfodibenkbmiekcefdghkdkjmioeqfdejibkejferkebkeokkokei
?\?CKEDBEOIDK@?WC>?OIKC>?I>KCLIMIPEWC>?DC?MIE?WI?WEAIKAEFI>?@A\
GCOIDK]AEC>w
?\?MEOEKI>?I?P@DWEGHI>?QCAC?AICMEFCGJ@?WI?@QIACGHI>?WI?PAYWEK@?
I?ED>PAEGJ@?IO?I>K@>?C?CBCAw
?\?OIWEWC>?CW@KCWC>?QCAC?@?AIK@AD@?WC?WI>QI>C?K@KCM?P@O?
QI>>@CM?C@?AI>QIPKER@?MEOEKI_?D@>?KIAO@>?W@>?CAK>S?xx?I?xyw
v?\?QA@REWDPEC>?K@OCWC>_?P@DZ@AOI?@?WE>Q@>K@?D@?CAKS?yv_?
QCAC?AIP@DWUGJ@?W@>?O@DKCDKI>?WC>?W{REWC>?P@D>@MEWCWC?I?O@LEME]\
AEC?C@>?AI>QIPKER@>?MEOEKI>w
v?\?WI>KEDCGJ@?WI?AIPUA>@>?@LKEW@>?P@O?C?CMEIDCGJ@?WI?CKER@>_?
mkjnfekdecbmieibeokbmockbeqfjbmcmrqcfjicbekeibenkbmiekcefd\
QMIOIDKCAw
v?\?PUOQAEOIDK@?W@?MEOEKI?WI?BC>K@>?K@KCE>?W@>?MIBE>MCKER@>?
OUDEPEQCE>_?[UCDW@?N@URIAS
#e@?be8oc~rjicbenkefjmibeihkomiofefbe|fnkokbefre6ofbe
AIZIAEW@>?D@?CAKS?x?[UCDW@?P@D>KCKCAIOu
?\?C?Q@>>ELEMEWCWI?WI?@P@AADPEC?WC>?>EKUCGHI>?QAIRE>KC>?D@?
EDPE>@??W@?CAKS?z@?I?D@?CAKS?w@w
?\?[UI?@?O@DKCDKI?WC?WI>QI>C?K@KCM?P@O?QI>>@CM?UMKACQC>>@U?
 ejfkjmiegfoeqkjmfenfehcdcmk
?\?[UI?@>?O@DKCDKI>?WC>?W{REWC>?P@D>@MEWCWC?I?O@LEME]AEC_?
WC>?@QIACGHI>?WI?PAYWEK@?I?WC?P@DPI>>J@?WI?BCACDKEC?>I?IDP@DKACO?
iqcdienke ejfkjmiegfoeqkjmfenfbeokbgkqmcfbehcdcmkb
v?\?[UI?@>?BC>K@>?P@O?EDCKER@>?I?QID>E@DE>KC>?>I?IDP@DKACO?
iqcdienfehcdcmkenkpjcnfekdehkc
v?\?ZCK@>?[UI?P@OQA@OIKCO?@>?PU>K@>?@U?@>?AI>UMKCW@>?W@>?
QA@BACOC>?@U?EDW{PE@>?WI?EAAIBUMCAEWCWI>?DC?BI>KJ@?@AGCOIDK]AECS
#e@?fdgkmkeicjnieifbe8oc~rjicbenkefjmibekocpqioefbeqshqr\
M@>?W@>?MEOEKI>?WC?WI>QI>C?K@KCM?P@O?QI>>@CM?WI?PCWC?@WIA?I?`ABJ@?
AIZIAEW@?D@?CAKS?xS

=AKS?S6kcekbminrihefredrjcqcgihegfnkosepioehcdcmkbecjk\
ocfokberkhkbegokcbmfbejkbmiekcefdghkdkjmioegioieibencnibe
P@D>@MEWCWC?I?O@LEME]AEC_?@QIACGHI>?WI?PAYWEK@?I?P@DPI>>J@?WI?BC\
ACDKEC>S
=AKS?vS6bemmrhfbeniencnieg~hcqienkbnkerkenkcnidkjmke
I>PAEKUACW@>?IO?>E>KIOC?PIDKACMEFCW@?WI?ME[UEWCGJ@?I?PU>K`WEC_?Q@\
WIAJ@?>IA?@ZIAIPEW@>?IO?PCUGJ@?QCAC?BCACDKEC?WI?IOQAY>KEO@>_?@U?
IO?@UKAC>?KACD>CGHI>?QAIRE>KC>?IO?MIE_?QIM@?>IU?RCM@A?IP@D OEP@_?
qfjfodkenkpjcnfegkhfe} cjcbm}ocfenieikjni
=AKS?xS6X>? UDEP{QE@>?>`?P@DKAELUEAJ@?QCAC?@?PU>KIE@?WI?WI>\
QI>C>?WI?P@OQIKDPEC?WI?@UKA@>?IDKI>?WC?
IWIACGJ@?>I?N@URIAu
?\?CUK@AEFCGJ@?DC?MIE?WI?WEAIKAEFI>?@AGCOIDK]AEC>?I?DC?MIE?@AGC\
OIDK]AEC?CDUCMw
?\?P@DRDE@_?CP@AW@_?CVU>KI?@U?P@DBDIAI_?P@DZ@AOI?>UC?MI\
BE>MCGJ@S
=AKS?yS6?ZCPUMKCW@?C@>? UDEP{QE@>?P@O?Q@QUMCGJ@?EDZIAE@A?C?
PED[UIDKC?OEM?NCLEKCDKI>?@QKCA?Q@Au
eeighcqioefencbgfbmfejfeiomeekejfe#e@?nfeiomeeifepjihenfe
>IOI>KAIw
?\?WERUMBCA?>IOI>KACMOIDKIu
iee8a
~efekhim6ocfenkekbmfecbqih
qefbenkdfjbmoimcfbenkerkemoimiefeiome"
?\?IMCL@ACA?@?=DI@?WI?@M{KEPC?
E>PCM?W@?QMCD@?QMUAECDUCM_?
@?=DI@?WI? IKC>?
E>PCE>?I?@?=DI@?WI?E>P@>?
E>PCE>?WC?MIE?WI?
WEAIKAEFI>?@AGCOIDK]AEC>?I?@?CDI@?WI?[UI?KACKC?@?EDPE>@??W@?CAKS?
@?C?QCAKEA?W@?[UEDK@?IIAP{PE@?>IBUEDKI?C@?WC?QULMEPCGJ@?WI>KC?IE?
fdghkdkjmio
#e@?=?WERUMBCGJ@?W@>?AIMCK`AE@>?I?WIO@D>KACKER@>?WIRIA]?>IA?
AICMEFCWC?IO?CKY?KAEDKC?WEC>?CQ`>?@?IDPIAACOIDK@?W@?>IOI>KAIS
#e@?TI?UMKACQC>>CW@>?@>?MEOEKI>?AIMCKER@>??WI>QI>C?K@KCM?P@O?
QI>>@CM?@U??W{REWC?P@D>@MEWCWC_?ID[UCDK@?QIAWUACA?I>KC?>EKUCGJ@_?
fe} rjcqgcfepqiosebrlkcmfeifbedkbdfbegoifbenkekocpqifekenke
okmfojfeifehcdcmkenkpjcnfbegioiefbenkdicbekjmkb
=AKS?zS6=?DEJ@?QAI>KCA]?C>>E>KDPEC?KYPDEPC?I?P@@QIACGJ@?
pjijqkcoieifbe} rjcqgcfbegioieiedfnkojcifenibeokbgkqmcibe
indcjcbmoikbemoc~rmsociepjijqkcoiegimocdfjcihekegokcnkjqcsocie
qfdecbmibeifeqrdgocdkjmfenibejfodibenkbmiekcefdghkdkjmio
#e@?=?C>>E>KDPEC?KYPDEPC?P@D>E>KEA]?D@?KAIEDCOIDK@?I?WI>ID\
R@MREOIDK@?WI?AIPUA>@>?NUOCD@>?I?DC?KACD>ZIADPEC?WI?KIPD@M@BEC_?
LIO?P@O@?D@?CQ@E@??WERUMBCGJ@?W@>?ED>KAUOIDK@>?WI?[UI?KACKC?@?
iomezekdedkcfekhkmojcqfenkeidghfeiqkbbfeg~hcqf
#e@?aeqffgkoifepjijqkcoieqfdgokkjnkoseienfifenke~kjbe
keihfokbefepjijqcidkjmfegfoecjmkod}ncfenibecjbmcmrckbepjij\
PIEAC>?ZIWIACE>?I?@?AIQC>>I?WI?AIPUA>@>?@AEUDW@>?WI?@QIACGHI>?I\
KIADC>S
=AKS?S67iefqfoojqcienkeqihidcninkeg~hcqieokqfjkqcnie
gkhfefjokbbfe7iqcfjihejfeqibfeniejcfefregkhibeabbkd~hkcibe
IBE>MCKERC>_?DC?NEQ`KI>I?W@>?>KCW@>?I? UDEP{QE@>_?ID[UCDK@?QIA\
WUACA?C?>EKUCGJ@u


?\?>IAJ@?>U>QID>C>?C?P@DKCBIO?W@>?QACF@>?I?C>?WE>Q@>EGHI>?
I>KCLIMIPEWC>?D@>?CAK>S?xy?_?yv?I?w
eebkofencbgkjbinfbefeimcjcdkjmfenfbeokbrhminfbepbqicbekeie
MEOEKCGJ@?WI?IOQIDN@?QAIRE>KC?D@?CAKS?w@S
|iosoifejcqfeaghcqibkefencbgfbmfejfe346?D@?PC>@?WI?I>\
minfenkenkkbiefrenkebmcfenkqokminfejiefodieniefjbmcmrcf
=AKS?S6X>?QACF@>?I>KCLIMIPEW@>?D@>?CAK>S?xy_?yv?I??>IAJ@?WU\
QMEPCW@>?D@?PC>@?WI?PAI>PEOIDK@?AICM?LCE@?@U?DIBCKER@?W@?A@WU\
mfejmkojfeormfe|ejiqcfjiheokcfjihefrekbminrihegfoegkofnfe
EBUCM?@U?>UQIAE@A?C?[UCKA@?KAEOI>KAI>S
#e@?DKIDWI\>I?Q@A?LCE@?PAI>PEOIDK@?C?KCC?WI?RCAECGJ@?AICM?
iqrdrhinienfe|ofnrmfejmkojfeormfecjkocfoeie erdegfoeqkjmfe
jfegkofnfeqfookbgfjnkjmkeifberimofehmcdfbemocdkbmokb
#e@?=?KCC?WI?RCAECGJ@?>IA]?C[UIMC?CQUACWC?QIMC?
UDWCGJ@?
jbmcmrmfeoibchkcofenkekfoipiekebmimbmcqiefrefrmofe6oferke
REIA?C?>UL>KEKU{\MC_?CW@KCWC?C?OI>OC?OIK@W@M@BEC?QCAC?CQUACGJ@?
W@>??DCPE@DCM_?I>KCWUCM?I?AIBE@DCMS
#e@?5C?NEQ`KI>I?W@?346_?P@DKEDUCAJ@?C?>IA?CW@KCWC>?C>?OIWE\
WC>?QAIRE>KC>?D@?CAKS?xxS
#e@?7iecg6mkbkenkebkekocpqiokdedrnijibenosbmcqibejieqfj\
WUGJ@?WC>?Q@M{KEPC>?O@DIK]AEC?I?PCOLECM_?AIP@DNIPEWC>?QIM@?TIDC\
W@?
IWIACM_?@?QACF@?AIZIAEW@?D@?346?W@?CAKS?yv?Q@WIA]?>IA?COQMEC\
W@?IO?CKY?[UCKA@?[UCWAEOI>KAI>S
=AKS?S6X?CP@OQCDNCOIDK@?I?C?CRCMECGJ@_?WI?Z@AOC?QIAOC\
jkjmkeniegfhmcqiekeniefgkoiqcfjihcninkeniekbmfepbqihebkofeokihc\
infbegfoeqfjbkhfenkekbmfepbqiheqfjbmcmrnfegfoeokgokbkjmijmkbe
nkemfnfbefbe|fnkokbekekbkoibenkefkojfenfe} cjcbm}ocfe|~hcqfe
I?WI?IDKEWCWI>?KYPDEPC>?AIQAI>IDKCKERC>?WC?>@PEIWCWI_?RE>CDW@?Cu
?\?NCAO@DEFCGJ@?I?P@@AWIDCGJ@?IDKAI?@>?IDKI>?WC?
IWIACGJ@w
eencbbkdcjifenkegosmcqiberkeokbrhmkdekdedicfoekpqcjqcie
jieihfqifekekkqrfenfeibmfeg~hcqfejieiookqinifenkeok\
PIEKC>_?D@?P@DKA@MI?W@?IDWEREWCOIDK@?I?DC?KACD>QCADPEC?WC?BI>KJ@?
pbqih
eeinffenkejfodibenkeqfjbfhcnifenibeqfjmibeg~hcqibe
QCWA@DEFCGJ@?WC>?QAI>KCGHI>?WI?P@DKC>?I?W@>?AIMCK`AE@>?I?WIO@D>\
moimcfbenkekbmfepbqihenkerkemoimiekbmiekcefdghkdkjmioejfo\
OC>?I?QCWAHI>?OCE>?>EOQMI>?QCAC?@>?QI[UID@>? UDEP{QE@>_?LIO?
P@O@?@UKA@>_?DIPI>>]AE@>?C@?P@DKA@MI?>@PECMw
v?\?WERUMBCGJ@?WI?CD]ME>I>_?I>KUW@>?I?WECBD`>KEP@>S
#e@?X?P@D>IMN@?C?[UI?>I?AIZIAI?@?346?ED>KEKUEA]?Z@AOC>?WI?
gokdcifekeokqfjkqcdkjmfeg~hcqfeifbemcmrhiokbenke|fnkoerke
CMPCDGCAIO?AI>UMKCW@>?OIAEK`AE@>?IO?>UC>?Q@M{KEPC>?WI?WI>IDR@MRE\
dkjmfebfqciheqfjlrinfbeqfdeiegosmcqienkerdiekbmfepbqihegir\
miniegkhibejfodibenkbmiekcefdghkdkjmio
#e@?IE?WE>Q@A]?>@LAI?C?P@OQ@>EGJ@?I?C?Z@AOC?WI?ZUDPE@DC\
OIDK@?W@?P@D>IMN@S
=AKS?S67iefodienfeiome"eniefjbmcmrcfe}eqocinfeferj\
W@?W@?IBEOI?IACM?WI?AIREWDPEC?T@PECM_?REDPUMCW@?C@? EDE>KY\
ocfenie|okcnjqciekeabbcbmjqciefqciheqfdeiepjihcninkenkegofkoe
AIPUA>@>?QCAC?@?QCBCOIDK@?W@>?LIDIZ{PE@>?W@?AIBEOI?BIACM?WC?QAI\
REWDPEC?>@PECMS
#e@?X?
UDW@?>IA]?P@D>KEKU{W@?WIu
?\?LID>?O`RIE>?I?EO`RIE>_?RCM@AI>?I?AIDWC>?W@?D>KEKUK@?5C\
PE@DCM?W@?TIBUA@?T@PECM?DJ@?UKEMEFCW@>?DC?@QIACPE@DCMEFCGJ@?WI>KIw
?\?LID>?I?WEAIEK@>?[UI_?C?[UCM[UIA?K{KUM@_?MNI?>IVCO?CWVUWEPC\
W@>?@U?[UI?MNI?REIAIO?C?>IA?REDPUMCW@>?Q@A?Z@AGC?WI?MIEw

?\?AIPIEKC?WC>?P@DKAELUEGHI>?>@PECE>?QCAC?C?>IBUAEWCWI?>@\
PECM_?QAIRE>KC>?DC?CM{DIC?4?W@?EDPE>@??I?D@?EDPE>@??W@?CAKS?vw?WC?
fjbmcmrcf
v?\?QA@WUK@?WC?ME[UEWCGJ@?WI?LID>?I?CKER@>?WI?QI>>@C?Z{>EPC?@U?
VUA{WEPC?IO?WYLEK@?P@O?C?AIREWDPEC?T@PECMw
eeokbrhminfenieighcqifepjijqkcoienkebkrbeimcfb
v?\?AIPUA>@>?QA@RIDEIDKI>?W@?@AGCOIDK@?WC?DEJ@S
#e@?X?
UDW@?>IA]?BIAEW@?QIM@?D>KEKUK@?5CPE@DCM?W@?TIBUA@?
T@PECM_?DC?Z@AOC?WC?MIES
?=AKS?wS6X?IDKI?WC?
IWIACGJ@?[UI?OCDKERIA?@U?REIA?C?ED>KEKUEA?
AIBEOI?QA`QAE@?WI?QAIREWDPEC?>@PECM?QCAC?>IU>?>IAREW@AI>?P@DZIAEA\
\MNI\]?PCA]KIA?P@DKAELUKER@?I?@?@ABCDEFCA]?P@O?LC>I?IO?D@AOC>?WI?
qfjmi~chcninkekeimrsocierkegokbkokdebkrekrch~ocfepjijqkcofeke
CKUCAECMS
=AKS?S6X?@WIA?@U?`ABJ@?AIZIAEW@?D@?CAKS?x?PUVC?WI>QI>C?K@KCM?
qfdegkbbfihejfekkoqqcfeijmkocfoeifeniegr~hcqifenkbmiekcefd\
QMIOIDKCA?I>KERIA?CPEOC?W@>?MEOEKI>?I>KCLIMIPEW@>?D@>?CAK>S?vw?I?x?
WIRIA]?ID[UCWACA\>I?D@?AI>QIPKER@?MEOEKI?IO?CKY?W@E>?IIAP{PE@>_?
IMEOEDCDW@?@?IPI>>@_?BACWUCMOIDKI_??ACFJ@?WI_?QIM@?OID@>_? ?
iieqcjrkjmiegfoeqkjmfeifeijfedkncijmkeieinffekjmokefrmoibe
WC>?OIWEWC>?QAIRE>KC>?D@>?CAK>S?xx?I?xyS
|iosoifejcqfeaecjf~bkojqcienfencbgfbmfejfe346_?D@?
goifepinfebrlkcmiefekjmkebebijkbegokcbmibejfe#e@?W@?CAKS?xyS
=AKS?vS6kbbihinieiecg6mkbkenfecjqcbferenfeiomeeniefjb\
mcmrcfeim}efem}odcjfenfemkoqkcofekkoqqcfepjijqkcofebkrcjmkee
kjmoiniekdecfoenkbmiekcefdghkdkjmioeienkbgkbiemfmiheqfde
QI>>@CM?W@>?@WIAI>?I?`ABJ@>?AIZIAEW@>?D@?CAKS?x?DJ@?UMKACQC>>CA]_?
kdegkoqkjmrihenieokqkcmieqfookjmkehrcnieienkbgkbiekocpqiniejfe
IIAP{PE@?EOIWECKCOIDKI?CDKIAE@A_?CPAI>PEWC?WI?CKY?v ?WIF?Q@A?
qkjmfebkekbmiefoecjkocfoeifehcdcmkenkpjcnfejiefodienfeiome
=AKS?xS6=?WI>QI>C?P@O?>IAREG@>?WI?KIAPIEA@>?W@>?@WIAI>?I?
`ABJ@>?AIZIAEW@>?D@?CAKS?x?DJ@?Q@WIA]?IPIWIA_?IO?QIAPIDKUCM?WC?
AIPIEKC?P@AAIDKI?M{[UEWC_?C?W@?IIAP{PE@?CDKIAE@A??IDKACWC?IO?RE\
foenkbmiekcefdghkdkjmioeim}efem}odcjfenfemkoqkcofekkoqqcfe
>IBUEDKIS
=AKS?yS6abecjoikbenfbencbgfbcmcfbenkbmiekcefdghk\
OIDKCA?>IAJ@?QUDEWC>?>IBUDW@?@?IPAIK@\IE?D@?xSz_?WI??WI?WIFIOLA@?WI?
vwz?6ncfe
|kjihei?IE?D@?vSw_?WI?v?WI?CLAEM?WI?vww?@?IPAIK@\IE?D@?xv_?
WI?x?WI?ZIRIAIEA@?WI?vww?C?IE?D@?Szxw_?WI?x?WI?VUDN@?WI?vwwxw?I?WIOCE>?D@AOC>?WC?
MIBE>MCGJ@?QIAKEDIDKIS
=AKS?y\=S??tUCM[UIA?PEWCWJ@_?QCAKEW@?Q@M{KEP@_?C>>@PECGJ@?@U?
>EDWEPCK@?Y?QCAKI?MIB{KEOC?QCAC?WIDUDPECA?C@?AI>QIPKER@?^AELUDCM?WI?
fjmibekeife6ofeqfdgkmkjmkenfe} cjcbm}ocfe|~hcqfefenkbqrdgoc\
dkjmfenibegokbqockbekbmi~khkqcnibejkbmiekcefdghkdkjmioeD\
qhrnfegkhiekcefdghkdkjmioejeenke
=AKS?y\S??
EPCO?I>KCLIMIPEW@>?@>?>IBUEDKI>?QACF@>?QCAC?@?
PUOQAEOIDK@?WC>?WIKIAOEDCGHI>?WE>Q@>KC>?D@>?EDPE>@>??I??W@?
giosoifejcqfenfeiomezekenfeiomezaejqhrnfegkhiekcefd\
ghkdkjmioejeenke
eeerdeijfegioieiejcfefbebminfbefecbmocmfeknkoihekefbe
} rjcqgcfbeqfdedicbenkeeqkdedchei~cmijmkbeDPMU{W@?
gkhiekcefdghkdkjmioejeenke


eeenfcbeijfbegioiefbe} rjcqgcfberkemkjidekjmoke"e
qcjrkjmiedchekeeqkdedchei~cmijmkbeDPMU{W@?QIMC?IE?
fdghkdkjmioejeenke
eeerimofeijfbegioiefbe} rjcqgcfberkemkjideim}e"e
qcjrkjmiedchei~cmijmkbeejqhrnfegkhiekcefdghkdkjmioeje
enke
|iosoifejcqfeebegoifbekbmi~khkqcnfbejkbmkeiomcfebkofe
P@DKCW@>?C?QCAKEA?WC?WCKC?WI?QULMEPCGJ@?WC?MIE?P@OQMIOIDKCA?[UI?
EDKA@WUFEU?@>?WE>Q@>EKER@>?AIZIAEW@>?D@?PCQUK2WI>KI?CAKEB@S?DPMU{\
nfegkhiekcefdghkdkjmioejeenke
aomeeeejfeimkjncdkjmfeim}efekjqkooidkjmfenfbegoifbe
QAIRE>K@>?D@?CAKS?y\_?WC>?WIKIAOEDCGHI>?P@DKEWC>?D@>?EDPE>@>??
keenfegiosoifejcqfenfeiomezekejfeiomezaebrlkcmiefekjmkee
bijfegokcbmiejfecjqcbfeenfe#e@?W@?CAKS?xyS?DPMU{W@?QIMC?IE?
fdghkdkjmioejeenke
=AKS?zS6bmiekcefdghkdkjmioekjmoiekdecfoejienimieniebrie
QULMEPCGJ@S
=AKS?S6IR@BC\>I?C?kcefdghkdkjmioej@?w_?WI?yv?WI?OCE@?WI?vwwwS
AC>{MEC_?z?WI?OCE@?WI?xw?vw@?WC?DWIQIDWDPEC?I?vvx@?WC?
kg~hcqi
7a7e7ea
?
22222
2 441
4652&445
>KI?KIK@?DJ@?>UL>KEKUE?@?QULMEPCWC?D@?X?WI?SSx
YYe'1f5
b\63Y57Y656^_b_65653a57Y6563inpmn6l6ZikZl61ilkiZ6
60pininm67ponm2
7fbemkodfbeniehkcenkeokbgfjbi~chcninkepbqiheefbe
KAELUDCE>?WI?P@DKC>?CMIAKCAJ@?@>?Q@WIAI>?@U?`ABJ@>?[UCDW@?
P@D>KCKCAIO?EDW{PE@>?WI?EAAIBUMCAEWCWI>?DC?BI>KJ@?@AGCOIDK]AECS?=?
hkcenkencokmockbefoidkjmsocibeeniejcfegioieeirmfocie
[UI?C?QA@BACOCGJ@?@AGCOIDK]AEC?W@?IIAP{PE@?P@DKIOQMI?>ULK{KUM@>?
AIMCKER@>?C?@LAC>?I?>IAREG@>?P@O?EDW{PE@>?WI?EAAIBUMCAEWCWI>?BACRI>_?
gkodijkqkjnfeiekkqrfebcqiefoidkjmsociekepjijqkcoie
qfjncqcfjinieeinffenkedkncnibebijkinfoibe|ioiekbbkepde
IDKIDWI\>I?P@O@
eiekkqrfefoidkjmsociefekdgkjfenienkbgkbiedkncijmke
>UC?ED>PAEGJ@?P@O@?AI>K@>?C?QCBCA?DJ@?QA@PI>>CW@>S
e~ekkqrfepjijqkcoiefegiidkjmfenienkbgkbiekqkmfenfbe
AI>K@>?C?QCBCAS
eqecjnqcfbenkecookrhiocninkbeoikbefbeimfbefrefbeimfberke
KIDNCO?@PC>E@DCW@?QAIVU{F@>?C@?IA]AE@?@U?C?KIAPIEA@>S
enedkncnibebijkinfoibeiberkejfenkgkjnidenkedijckbmife
WC?P@OE>>J@?OE>KC?WI?@AGCOIDK@S
ekekkqrfebcqieieokihcifenief~oiefojkqcdkjmfenfe~kde
@U?QAI>KCGJ@?W@?>IAREG@S
()*+(,-,+. ++/0
X? PUOQAEOIDK@? WC>? D@AOC>? QAIRE>KC>? DC? IE? WI?
kbgfjbi~chcninkecbqihebkosepbqihcinfegkhfe|fnkoekcbhimcfe
ncokmidkjmkefreqfdefeirhcfenfbe8oc~rjicbenkefjmibekefebcbmkdie
nkeqfjmofhkecjmkojfenkeqinie|fnkoekenfe} cjcbm}ocfe|~hcqfeqfde
DZC>I?D@?[UI?>I?AIZIAI?C

eiehcdcmkbekeqfjnckbegioieokihcifenkecjkbmcdkjmfbeke
cjkobkbepjijqkcoib
e~egofcnjqcibemfdinibegioieokqfjnrfenfedfjmijmkenibe
ncnibermrijmkeifbeokbgkqmcfbehcdcmkb
eqeimcjcdkjmfenibedkmibekbmi~khkqcnibejfe|hijfe|hrocijrih
eneqrdgocdkjmfenfehcdcmkenkeibmfbemfmicbenfbehkcbhimcfbe
OUDEPEQCE>_?[UCDW@?N@URIAS
ekeimcjcdkjmfenibedkmibekbmi~khkqcnibejiekceoidkjmsocie
=DUCMS
]\63Y57Y656^_b]656eY5d 56563inpmn6popkpZ656kln6
3 pipmknpn26aqkoqienfefoidkjmfeg~hcqfejfeoibcheibbcjihke
C?@QGJ@?P@AAIKCS
eieaencbgfbcfenfbemobefoidkjmfberkeqfjbmcmrkdeiehkce
foidkjmsocieijriheepbqihebkrocninkebfqcihekefoidkjmfenke
EDRI>KEOIDK@?WC>?IOQAI>C>??Y_?WC?OI>OC?Z@AOC_?I>KCLIMIPEWC?DC>?
MIE>?WI?WEAIKAEFI>?@AGCOIDK]AEC>S
e~eaekhi~foifenfefoidkjmfeijrihenkbkjfhkbkejfed~cmfe
W@?TE>KIOC?WI?MCDIVCOIDK@?I?WI?XAGCOIDK@?
IWIACM_?PUV@?`ABJ@?
PIDKACM?Y?@? EDE>KYAE@?W@?I>IDR@MREOIDK@?T@PECMS
eqeabbcdeqfdfefbemkdibefoidkjmsocfbeief~ocimfockninkenke
>I?CW@KCA?>E>KIOCKEPCOIDKI?@?QMCDIVCOIDK@?DC>?WERIA>C>?I>ZIAC>?W@?
fkojfemfojfrbkeokihcninkeqfdeiefjbmcmrcfenke
eneeghijfeghrocijriheqfjbmcmrceiebjmkbkenfbekbfofbe
WI?QMCDIVCOIDK@?WC?DEJ@_?DJ@?CKEDBEDW@?@>?WIOCE>?IDKI>?WC?

IWIACGJ@S
ekeefoidkjmfeijriheqfjbmcmrcegocjqgcfefockjminfoegioieie
IMCL@ACGJ@?WC>?WEAIKAEFI>?@AGCOIDK]AEC>S
[\30656^_b^656e065616eY21qf6563inpmn6popkpZ656
kln63 pipmknpn2
7febkmfoeg~hcqfefeokcdkefoidkjmsocfeokqfjkqkeienkbgkbie
foidkjmsociejfekkoqqcfepjijqkcofe
eieniekdcbbfenfekdgkjfekeieokqkcmiefoidkjmsociegkhie
CAAIPCWCGJ@S
e~ekderkefqfookrebkreimfekoinfoekeieokqkcmiefoidkjmsocie
QIM@?AIP@MNEOIDK@S
eqekderkefqfookrebkreimfekoinfoefedkbdfefqfookjnfeqfde
C?AIPIEKC?@AGCOIDK]AECS
eneniehcrcnifekeieokqkcmiefoidkjmsociegkhieiookqinif
ekenfegiidkjmfekeieokqkcmiefoidkjmsociegkhfeimfekoinfo
3)*94559+(,-(++6+
kln63 pipmknpn2
eqfjqkcmfenkefoidkjmfeg~hcqfekfhrcreifehfjfenfe
mkdgfeokkmcjnfeibedrnijibeindcjcbmoimcibenfegfnkoeg~hcqfe
keibeqioiqmkobmcqibenfebcbmkdiegfhmcqfeckjmkefjbcnkoijnfe
C>?PCACPKIA{>KEPC>?W@?@AGCOIDK@?KACWEPE@DCM?I?W@?@AGCOIDK@\?
QA@BACOC_?CDCME>IS?
eegocjqcgiheqocm}ocfenkeqhibbcpqifenfefoidkjmfegofoidie
>J@?C>?UDEWCWI>?CWOEDE>KACKERC>S?
S?=?I>KAUKUAC?W@?@AGCOIDK@?QA@BACOC?I>K]?R@MKCWC?QCAC?
C>QIPK@>?CWOEDE>KACKER@>S?
S?X?P@DKA@MI?D@?@AGCOIDK@\QA@BACOC?RE>C??IZIKEREWCWIS?
=>>EDCMI
eiebkeigkjibeibeipodimcibeekeekbmckokdeqfookmib
e~ebkeigkjibeibeipodimcibeekeekbmckokdeqfookmib
eqebkeigkjibeibeipodimcibeekeekbmckokdeqfookmib
enebkemfnibeibeipodimcibekbmckokdeqfookmib


h\632Y50e656^_b_6560e66ZinZk2
keiqfonfeqfdefe|ofkbbfoecjfe} iomcjbeniechieefe
foidkjmfeg~hcqfekbmsecjmcdidkjmkehcinfeifenkbkjfhcdkjmfe
W@>?QAEDP{QE@>?WIO@PA]KEP@>_??EWIEC?WI?>@LIACDEC?Q@QUMCA?I_?Q@A?
P@D>IBUEDKI_?C@?KAEUDZ@?W@>?>E>KIOC>?AIQAI>IDKCKER@>?WI?@RIAD@S?
deokhifeifefoidkjmfeg~hcqfeijihcbkeibeihmkojimcibeiebkrco
ee7feoibchefefoidkjmfeg~hcqfe}edimkocihcinfegfoedkcfenke
nckobfbecjbmordkjmfbenkeghijklidkjmfegokcbmfbejiefjbmcmrcfe

IWIACMS
?\?TIBUDW@?C?Z@AOC?WI?@RIAD@_?@AGCOIDK@?Q@WI?>IA?
PMC>>EZPCW@?IO?KA>?KEQ@>u?IIPUKER@_?MIBE>MCKER@?I?OE>K@S
?\?5@?QA@PI>>@?@AGCOIDK]AE@?LAC>EMIEA@_?[UCDK@??Z@AOC?WI?
@RIAD@_?REB@AC?@?@AGCOIDK@?W@?KEQ@?IIPUKER@S
>K]Zeqfookmibeigkjib
eie
e~e
eqe
eneeke
ekeeke
7)*+(,--++89:;*0+
popkpZ656kln63 pipmknpn2
fdeokhifebeqioiqmkobmcqibenfeoidkjmfe|~hcqfenke
iqfonfeqfdeiefjbmcmrcfeknkoiheqfjbcnkokeibeipodimcibe
CLCE@u?
S?=?IE?XAGCOIDK]AEC?=DUCM?Y?P@OQ@>KC?WI?KA>?@AGCOIDK@>?
nckokjmkbepbqiheniebkrocninkebfqcihekenkecjkbmcdkjmfbenibe
I>KCKCE>S?
S?X?@AGCOIDK@?WC?>IBUAEWCWI?>@PECM?P@AAI>Q@DWI??CGJ@?W@?
fkojfekdemobebkmfokbebinkegokcnjqciekeibbcbmjqciebfqcihe
eaekcenkecokmockbeoidkjmsocibeegocfocieibe
OIKC>?W@?=?I?@AEIDKC?C?IMCL@ACGJ@?W@?XAGCOIDK@?IACM?WC?DEJ@?
[UI?KIA]?RCMEWCWI?QCAC?@?CD@?>IBUEDKIS?
eaepjihcninkenfe||ae}eienkekbmi~khkqkoef~lkmcfbekedkmibe
[UI?P@OQA@OIKCO?@?@WIA?IPUKER@?I?@?@WIA?IBE>MCKER@?C?WCA?
P@DKEDUEWCWI?C@>?QA@BACOC>?DC?WE>KAELUEGJ@?W@>?AIPUA>@>S?
efde~ibkejieefe|fnkoekqrmcfekhi~foiefe|hijfe
|hrocijrihe||aegioiefberimofeijfbebkrcjmkbeqfdeiegiomcqcgife
nfbe} cjcbm}ocfbe6ofbebkmfocicbekeniberjcninkbefoidkjmsocibe
W@>?@WIAI>?IBE>MCKER@?I?UWEPE]AE@S?
>KJ@?P@AAIKC>?TX 5^u?
eieeeeke
e~eeeke
eqeeeke
eneeeke
ekeeee
<)*+(,-,++((9=*0+6
56kln63 pipmknpn2
X?QMCD@?QMUAECDUCM_?C>?WEAIKAEFI>?@AGCOIDK]AEC>?I?@>?@AGCOIDK@>?
CDUCE>?>J@?I>KCLIMIPEW@>?Q@A?MIE>?WI?EDEPECKERC?W@?@WIA
eiekqrmcf
e~ekcbhimcf
eqerncqcsocf
enekqrmcfekenfekcbhimcf
ekekqrmcfenfekcbhimcfekenferncqcsocf
g\631251f61a3aY5656^_b_65632Yfd 6563inpmn6
l62lmZ63 pipmknpn663ZjnZ2
=@?P@DVUDK@?WI?QA@LMIOC>?AIMCPE@DCW@>?C@?QA@PI>>@?WI?
kqkcmibekekbgkbibefkojidkjmicbekenfberfbedfjkmsocfbe
AIZIAI\>I?C@?KIAO@u


eiefjmi~chcninke|~hcqi
e~eoidkjmfe|~hcqf
eqecjijibe|~hcqi
enearncmfocie|~hcqi
eke|hijklidkjmfe|~hcqf
b_\630Y7Y5Y656^_b_6565Y03>556563inpmn60piniolpkZ656
7nkl6112
=?MIE?@AGCOIDK]AEC?CDUCM?WC?DEJ@u?
eqfdgokkjnkosefefoidkjmfepbqiheokkokjmkeifbe|fnkokbenie
DEJ@_?>IU>?ZUDW@>_?`ABJ@>?I?IDKEWCWI>?WC?CWOEDE>KACGJ@?WEAIKC?I?
cjncokmiecjqhrbckerjnikbecjbmcmrnibekedijmcnibegkhfe|fnkoe|\
LMEP@S?
xS?P@OQAIIDWIA]?@?@AGCOIDK@?WI?EDRI>KEOIDK@?WC>?IOQAI>C>?
IO?[UI?C?DEJ@_?WEAIKC?@U?EDWEAIKCOIDKI_?WIKIDNC?C?OCE@AEC?W@?
PCQEKCM?>@PECM?P@O?WEAIEK@?C?R@K@S?
yS?P@OQAIIDWIA]?@?_@AGCOIDK@?WC?>IBUAEWCWI?>@PECM_?CLACD\
BIDW@?K@WC>?C>?IDKEWCWI>?I?`ABJ@>?C?IMC?REDPUMCW@>_?WC?CWOEDE>KAC\
GJ@?WEAIKC?@U?EDWEAIKC_?LIO?P@O@?@>?ZUDW@>?I?ZUDWCGHI>?ED>KEKU{W@>?
kedijmcnfbegkhfe|fnkoe|~hcqfe
ejfeqfjmkosencbgfbcmcfekbmoijfeegokcbfenieokqkcmiekeep\
CGJ@?WC?WI>QI>C_?DJ@?>I?EDPMUEDW@?DC?QA@ELEGJ@?C?CUK@AEFCGJ@?QCAC?
CLIAKUAC?WI?PAYWEK@>?>UQMIOIDKCAI>?I?P@DKACKCGJ@?WI?@QIACGHI>?WI?
PAYWEK@_?CEDWC?[UI?Q@A?CDKIPEQCGJ@?WI?AIPIEKC_?D@>?KIAO@>?WC?MIES?
=>>EDCMI?C?CMKIADCKERC?[UI?EDWEPC?K@W@>?@>?EKID>?P@AAIK@>S
eiefeqfookmfbeigkjibefbecmkjbeeke
e~efeqfookmfbeigkjibefbecmkjbeeeke
eqefeqfookmfbeigkjibefbecmkjbeeeke
enefeqfookmfbeigkjibefbecmkjbeeeke
ekefeqfookmfbefbecmkjbeeeeke
--)*+(,,?+9+ 0
UMBUI?@>?EKID>?C?>IBUEA_?AIMCKER@>?C?[UI>KHI>?WI?@AGCOIDK@?
g~hcqf
X>?QA@BACOC>?@AGCOIDK]AE@>?>J@?P@OQ@>K@>?WI?CKEREWCWI>_?
QA@VIK@>?I?@QIACGHI>?I>QIPECE>S?=>?CKEREWCWI>?AIQAI>IDKCO?C>?
CGHI>?@AGCOIDK]AEC>?WI?DCKUAIFC?P@DKEDUCWCw?@>?QA@VIK@>_?C>?
CGHI>?WI?WUACGJ@?MEOEKCWC?D@?KIOQ@w?I?C>?@QIACGHI>?I>QIPECE>_?
ibeikbenkefkojferkejfeokbrhmidekdegofnrmfekfrebkocfbe
WE>Q@DELEMEFCW@>??Q@QUMCGJ@_?P@O@?CO@AKEFCGJ@?I?IDPCAB@>_?
QCBCOIDK@?WI?>IDKIDGC>?VUWEPECE>_?IDKAI?@UKAC>S
6lkZ66666666YkknZ
2393e1f
b\6Y
^\6a
]\63
[\63
\6
h\6a
c\6Y
\63
g\6
b_\6Y
bb\6lkZ

012345615789284
5635
314 351614
9

 !"#$#%&' &"(#$!#)!*"+!#,$"('
TBTGONM@gGK@^FDK@N@NCGONM@NEB@OKDF^B@NB@TNEMFUYCFB@T\OFZB@BG@LK@
KCEFLNLK@LK@gGK@B@DENLB@TNMEFZFTK]@`@UBMNOFLNLK@NLUFCFDEMNEF^N]@
jxnisrxnjirsktsnsnjxnujtvrikrxnlrmtvrqxnsnqo~tovj~|npqjkwxnxn
NGEBM]@DNO^B@ZBUTMB^NLN@UefV]@FDKCEB@LK@ZGDEND@GLFZFNFD@K@LB@YCGD@
LN@DGZGU\CZFN@

-./0/12304/52/6783749/:9/
60:13;37;<=0/>252498./

33780/;;;/
5/0//2

693780/;;/
59/7:;=0

?@ABCDEFEGFHIB@JKLKMNO@LK@PQRR@EMBGSK@N@TMBUKDDN@LK@VBUKCENM@
K@TMBEKWKM@B@XTNEMFUYCFB@ZGOEGMNO[@\MNDFOKFMB]@LNCLB@N@LKFSN@TNMN@
N@NEGNHIB@LKZFDF^N@LND@Z_NUNLND@OKFD@LK@FCZKCEF^B@`@ZGOEGMNa@b@
VBUKCEB]@^FDEB@LK@MKONCZK]@NOZNCHNMFN@EBLB@\KU@DFU\cOFZB@NEFCKCEK@
`@FLKCEFLNLK@LB@TB^B@\MNDFOKFMBa@de@N@TMBEKHIB]@FEKU@UNFD@ZBUTOKSB]@
^BOENMfDKfFN]@KU@DKCEFLB@NUTOB]@ZBCEMN@EBLN@KCWMKCNWKU@gGK@
TGLKDDK@LKDMKWGONM@BG@UKDUB@LKDZNMNZEKMFhNM@N@ZGOEGMN@CNZFBCNOa
b@UBLKOB@LK@EKUTB@ZGOEGMNO@NZKOKMNLB@KU@gGK@DK@^F^K@TBDDGF@
ijkljmnmopqrsktsmnujvjnwrmtxvqsvnxonismixnmxtsvvjvnkjnqxyjnwxn
KDgGKZFUKCEB@ZKMEND@VBMUND@LK@KSTMKDDIB@LN@FLKCEFLNLK@CNZFBCNO]@
ZBUB@N@ZGOEGMN@LBD@WMBEzKD]@ND@NMEKD@TBTGONMKD]@ND@LNCHND@VBOZOcMFZND]@
EBLND@KDDND@UNCFVKDENHzKD@LK@FLKCEFLNLK@LB@TB^B@\MNDFOKFMB]@gGK@
DB\MK^F^KMNU]@UGFEND@LKOND]@N@TGODBa@
{BMENCEB]@BD@UKZNCFDUBD@LK@VBUKCEB@K@TMBEKHIB@LB@CBDDB@
XTNEMFUYCFB@ ZGOEGMNO[]@ TBM@ UKFB@ LBD@ Z_NUNLBD@ FCZKCEF^BD@
pmqjrm|nm}xnvs~jtryjisktsnvsqsktsmnkxnvjmr~n ortjmnsiuvsmjm|n
_FTCBEFhNLND@TKOB@VYOKWB@LND@OKFD@LK@FCZKCEF^B]@_BK@KSFDEKCEKD@KU@
U\FEB@VKLKMNO]@KDENLGNO@K@UGCFZFTNO]@TNDDNMNU@N@FCZOGFM@KU@DGND@
TNGEND@XN@ENO@LN@ZGOEGMN[@ZBUB@FEKU@KDEMNEWFZB@TNMN@N@LF^GOWNHIB@
LK@DGN@FUNWKU@CB@UKMZNLBa
?@ZGOEGMN@KCZN\KHN@B@ZNTEGOB@@LB@EEGOB@]@LN@
ABCDEFEGFHIB@JKLKMNO]@GCEB@`@XKLGZNHIB[@K@NB@XLKDTBMEB[]@K@TBDDGF@
DKHIB@TMcTMFN@gGK@KDEN\KOKZK@UFCZFND@NE@KCEIB@BO^FLNLND@TKOBD@
KCGCZFNLBMKD@ZBCDEFEGFCEKD@TMKZKLKCEKDa@e]@TBMENCEB]@N@ZMFNHIB@LK@
CB^ND@MKNOFLNLKD@KU@EBMCB@LN@CBHIB@LK@ZGOEGMNa
{NDDNUBD@N@LKDZMK^KM@N\NFSB@BD@KSZKMEBD@LN@ABCDEFEGFHIB@
JKLKMNO@ZBU@LFDTBDFHzKD@MKONEF^ND@`@ZGOEGMNa

?MEa@a@@ZBUTKECZFN@ZBUGU@LN@CFIB]@LBD@DENLBD]@LB@
rmtvrtxnswsvj~nsnwxmn okrqurxm

@@TMBEKWKM@BD@LBZGUKCEBD]@ND@B\MND@K@BGEMBD@\KCD@LK@^NOBM@
_FDEcMFZB]@NMEDEFZB@K@ZGOEGMNO]@BD@UBCGUKCEBD]@ND@TNFDNWKCD@CNEGMNFD@
CBEe^KFD@K@BD@DEFBD@NMgGKBOcWFZBD
@@FUTKLFM@N@K^NDIB]@N@LKDEMGFHIB@K@N@LKDZNMNZEKMFhNHIB@
LK@B\MND@LK@NMEK@K@LK@BGEMBD@\KCD@LK@^NOBM@_FDEcMFZB]@NMEDEFZB@BG@
ZGOEGMNO
@@TMBTBMZFBCNM@BD@UKFBD@LK@NZKDDB@`@ZGOEGMN]@`@KLGZNHIB@K@
`@ZFCZFN

?MEa@a@ABUTKEK@`@CFIB]@NBD@DENLBD@K@NB@FDEMFEB@JKLKMNO@
OKWFDONM@ZBCZBMMKCEKUKCEK@DB\MK

@@TMBEKHIB@NB@TNEMFUYCFB@_FDEcMFZB]@ZGOEGMNO]@NMEDEFZB]@
EGMDEFZB@K@TNFDNWDEFZB
@@MKDTBCDN\FOFLNLK@TBM@LNCB@NB@UKFB@NU\FKCEK]@NB@
ZBCDGUFLBM]@N@\KCD@K@LFMKFEBD@LK@^NOBM@NMEDEFZB]@KDEEFZB]@_FDEcMFZB]@
EGMDEFZB@K@TNFDNWDEFZB
@@KLGZNHIB]@ZGOEGMN]@KCDFCB@K@LKDTBMEB

60:13;37;<=0/>252498

693780/;/
5/

33780/;/
5//>

vtnnxiustsnjxmn okrqurxm

@@TMBUB^KM@N@TMBEKHIB@LB@TNEMFUYCFB@_FDEcMFZBfZGOEGMNO@
~xqj~|nxmsvyjwjnjn~srm~j}xnsnjnj}xnpmqj~rjwxvjnswsvj~nsn
KDENLGNOa

vtnnnsu~rqjnswsvjtryjnwxnvjmr~nvssmsnkjmnmojmn
MKONHzKD@FCEKMCNZFBCNFD@TKOBD@DKWGFCEKD@TMFCZTFBD

jvvjxnkrqxnnsu~rqjnswsvjtryjnwxnvjmr~nomqjvn
N@FCEKWMNHIB@KZBCYUFZN]@TBOEFZN]@DBZFNO@K@ZGOEGMNO@LBD@TB^BD@LN@
?UMFZN@NEFCN]@^FDNCLB@`@VBMUNHIB@LK@GUN@ZBUGCFLNLK@ONEFCBf
NUKMFZNCN@LK@CNHzKDa

33780/;;;/
5/0/1

693780/;;;/
59/25769<=0/59/6783749/2/50/5210430

33780/;;/
5/5///>/
693780/;/
501/5;42;301/2/522421/;:5;;579;1/2/60823;01

1/;/
59/25769<=0

?MEa@Pa@bD@MKZGMDBD@T\OFZBD@DKMIB@LKDEFCNLBD@`D@KDZBOND@
T\OFZND]@ TBLKCLB@ DKM@ LFMFWFLBD@ N@ KDZBOND@ ZBUGCFEeMFND]@
qxksmmrxkjrmnxonp~jktvurqjm|nwspkrwjmnsin~sr|nos

@@@?D@NEF^FLNLKD@GCF^KMDFEeMFND@LK@TKDgGFDN@K@KSEKCDIB@
uxwsv}xnvsqssvnjuxrxnpkjkqsrvxnwxnxwsvn~rqx

?MEa@@BLBD@DIB@FWGNFD@TKMNCEK@N@OKF]@DKU@LFDEFCHIB@LK@
gGNOgGKM@CNEGMKhN]@WNMNCEFCLBfDK@NBD@\MNDFOKFMBD@K@NBD@KDEMNCWKFMBD@
MKDFLKCEKD@CB@{ND@N@FC^FBON\FOFLNLK@LB@LFMKFEB@`@^FLN]@`@OF\KMLNLK]@
`@FWGNOLNLK]@`@DKWGMNCHN@K@`@TMBTMFKLNLK]@CBD@EKMUBD@DKWGFCEKD

@@gGNOgGKM@ZFLNLIB@@TNMEK@OKWEFUN@TNMN@TMBTBM@NHIB@



1/;;/
59/6783749

BD@KCEKD@LN@JKLKMNHIB@K@N@DBZFKLNLK]@EKCLB@TBM@B\KEF^B@TMBUB^KM@
B@LKDKC^BO^FUKCEB@_GUNCB]@DBZFNO@K@KZBCYUFZB@ZBU@TOKCB@
KSKMZZFB@LBD@LFMKFEBD@ZGOEGMNFDa
@P@b@FDEKUN@NZFBCNO@LK@AGOEGMN@VGCLNUKCENfDK@CN@TBOEFZN@
CNZFBCNO@LK@ZGOEGMN@K@CND@DGND@LFMKEMFhKD]@KDEN\KOKZFLND@CB@{ONCB@
NZFBCNO@LK@AGOEGMN]@K@MKWKfDK@TKOBD@DKWGFCEKD@TMFCZTFBD@
@@LF^KMDFLNLK@LND@KSTMKDDzKD@ZGOEGMNFD@
@@GCF^KMDNOFhNHIB@LB@NZKDDB@NBD@\KCD@K@DKM^FHBD@ZGOEGMNFD@
@@VBUKCEB@`@TMBLGHIB]@LFVGDIB@K@ZFMZGONHIB@LK@ZBC_KZFUKCEB@
K@\KCD@ZGOEGMNFD@
@@ZBBTKMNHIB@KCEMK@BD@KCEKD@VKLKMNLBD]@BD@NWKCEKD@T\OFZBD@
K@TMF^NLBD@NEGNCEKD@CN@eMKN@ZGOEGMNO@
@@FCEKWMNHIB@K@FCEKMNHIB@CN@KSKZGHIB@LND@TBOEFZND]@
TMBWMNUND]@TMBKEBD@K@NHzKD@LKDKC^BO^FLND@
@@ZBUTOKUKCENMFLNLK@CBD@TNTFD@LBD@NWKCEKD@ZGOEGMNFD
@@EMNCD^KMDNOFLNLK@LND@TBOEFZND@ZGOEGMNFD@
@@NGEBCBUFN@LBD@KCEKD@VKLKMNLBD@K@LND@FCDEFEGFHzKD@LN@
DBZFKLNLK@ZF^FO@
@@EMNCDTNMCZFN@K@ZBUTNMEFO_NUKCEB@LND@FCVBMUNHzKD@
@@LKUBZMNEFhNHIB@LBD@TMBZKDDBD@LKZFDcMFBD@ZBU@TNMEFZFTNHIB@
K@ZBCEMBOK@DBZFNO@
@@LKDZKCEMNOFhNHIB@NMEFZGONLN@K@TNZEGNLN@LN@WKDEIB]@LBD@
MKZGMDBD@K@LND@NHzKD@
@@NUTOFNHIB@TMBWMKDDF^N@LBD@MKZGMDBD@ZBCEFLBD@CBD@
BMHNUKCEBD@T\OFZBD@TNMN@N@ZGOEGMNa@
@@ABCDEFEGKU@N@KDEMGEGMN@LB@FDEKUN@NZFBCNO@LK@AGOEGMN]@
CND@MKDTKZEF^ND@KDVKMND@LN@JKLKMNHIB@
@@cMWIBD@WKDEBMKD@LN@ZGOEGMN
@@ZBCDKO_BD@LK@TBOEFZN@ZGOEGMNO
@@ZBCVKMCZFND@LK@ZGOEGMN@
@@ZBUFDDzKD@FCEKMWKDEBMKD
@@TONCBD@LK@ZGOEGMN
nnmrmtsijmnwsnpkjkqrjisktxnnqo~tovj
@@DFDEKUND@LK@FCVBMUNHzKD@K@FCLFZNLBMKD@ZGOEGMNFD@
@@TMBWMNUND@LK@VBMUNHIB@CN@eMKN@LN@ZGOEGMN@K@
@@DFDEKUND@DKEBMFNFD@LK@ZGOEGMNa@@
@@KF@VKLKMNO@LFDTBMe@DB\MK@N@MKWGONUKCENHIB@LB@FDEKUN@
NZFBCNO@LK@AGOEGMN]@\KU@ZBUB@LK@DGN@NMEFZGONHIB@ZBU@BD@LKUNFD@
DFDEKUND@CNZFBCNFD@BG@TBOEFZND@DKEBMFNFD@LK@WB^KMCBa
nnmnmtjwxm|nxnrmtvrtxnswsvj~nsnxmn okrqurxmnxvjkrjv}xn
DKGD@MKDTKZEF^BD@DFDEKUND@LK@ZGOEGMN@KU@OKFD@TMcTMFNDa@@

?MEa@Pa@b@DENLB@WNMNCEFMe@N@EBLBD@B@TOKCB@KSKMZZFB@LBD@
LFMKFEBD@ZGOEGMNFD@K@NZKDDB@`D@VBCEKD@LN@ZGOEGMN@CNZFBCNO]@K@NTBFNMe@
K@FCZKCEF^NMe@N@^NOBMFhNHIB@K@N@LFVGDIB@LND@UNCFVKDENHzKD@ZGOEGMNFDa
@P@@b@DENLB@TMBEKWKMe@ND@UNCFVKDENHzKD@LND@ZGOEGMND@
TBTGONMKD]@FCLWKCND@K@NVMBf\MNDFOKFMND]@K@LND@LK@BGEMBD@WMGTBD@
TNMEFZFTNCEKD@LB@TMBZKDDB@ZF^FOFhNEcMFB@CNZFBCNOa
nnnn~srnwrmuxvnmxvsnjnpj}xnwsnwjtjmnqxisixvjtryjmnwsn
j~tjnmrkrpqj}xnujvjnxmnwrsvsktsmnmsisktxmntkrqxmnkjqrxkjrm
@@?@OKF@KDEN\KOKZKMe@B@{ONCB@NZFBCNO@LK@AGOEGMN]@LK@
LGMNHIB@TOGMFNCGNO]@^FDNCLB@NB@LKDKC^BO^FUKCEB@ZGOEGMNO@LB@{ND@K@
`@FCEKWMNHIB@LND@NHzKD@LB@TBLKM@T\OFZB@gGK@ZBCLGhKU@`@@
@@LKVKDN@K@^NOBMFhNHIB@LB@TNEMFUYCFB@ZGOEGMNO@\MNDFOKFMB
@@TMBLGHIB]@TMBUBHIB@K@LFVGDIB@LK@\KCD@ZGOEGMNFD@@
nnxvij}xnwsnusmmxj~noj~rpqjwxnujvjnjnsmt}xnwjnqo~tovjn
KU@DGND@UOEFTOND@LFUKCDzKD@
@@LKUBZMNEFhNHIB@LB@NZKDDB@NBD@\KCD@LK@ZGOEGMN@
@@^NOBMFhNHIB@LN@LF^KMDFLNLK@ECFZN@K@MKWFBCNOa@@
?MEa@Pa@ABCDEFEGKU@TNEMFUYCFB@ZGOEGMNO@\MNDFOKFMB@BD@\KCD@
LK@CNEGMKhN@UNEKMFNO@K@FUNEKMFNO]@EBUNLBD@FCLF^FLGNOUKCEK@BG@KU@
ZBCGCEB]@TBMENLBMKD@LK@MKVKMCZFN@`@FLKCEFLNLK]@`@NHIB]@`@UKUcMFN@
LBD@LFVKMKCEKD@WMGTBD@VBMUNLBMKD@LN@DBZFKLNLK@\MNDFOKFMN]@CBD@
gGNFD@DK@FCZOGKU
@@ND@VBMUND@LK@KSTMKDDIB
@@BD@UBLBD@LK@ZMFNM]@VNhKM@K@^F^KM
nnjmnqvrjsmnqrsktpqjm|njvtmtrqjmnsntsqkx~rqjm
nnjmnxvjm|nxstxm|nwxqoisktxm|nswrpqjsmnsnwsijrmn
KDTNHBD@LKDEFCNLBD@`D@UNCFVKDENHzKD@NMEDEFZBfZGOEGMNFD
@@BD@ZBCGCEBD@GM\NCBD@K@DEFBD@LK@^NOBM@_FDEcMFZB]@
TNFDNWDEFZB]@NMEDEFZB]@NMgGKBOcWFZB]@TNOKBCEBOcWFZB]@KZBOcWFZB@K@
qrsktpqx
@P@@b@{BLKM@{\OFZB]@ZBU@N@ZBON\BMNHIB@LN@ZBUGCFLNLK]@
TMBUB^KMe@K@TMBEKWKMe@B@TNEMFUYCFB@ZGOEGMNO@\MNDFOKFMB]@TBM@UKFB@
LK@FC^KCEeMFBD]@MKWFDEMBD]@^FWFOCZFN]@EBU\NUKCEB@K@LKDNTMBTMFNHIB]@
K@LK@BGEMND@VBMUND@LK@NZNGEKONUKCEB@K@TMKDKM^NHIBa
@@@AN\KU@`@NLUFCFDEMNHIB@T\OFZN]@CN@VBMUN@LN@OKF]@N@
WKDEIB@LN@LBZGUKCENHIB@WB^KMCNUKCENO@K@ND@TMB^FLCZFND@TNMN@
VMNCgGKNM@DGN@ZBCDGOEN@N@gGNCEBD@LKON@CKZKDDFEKUa
@@@?@OKF@KDEN\KOKZKMe@FCZKCEF^BD@TNMN@N@TMBLGHIB@K@B@
ZBC_KZFUKCEB@LK@\KCD@K@^NOBMKD@ZGOEGMNFDa
@@@bD@LNCBD@K@NUKNHND@NB@TNEMFUYCFB@ZGOEGMNO@DKMIB@
TGCFLBD]@CN@VBMUN@LN@OKFa
@@@JFZNU@EBU\NLBD@EBLBD@BD@LBZGUKCEBD@K@BD@DEFBD@
LKEKCEBMKD@LK@MKUFCFDZCZFND@_FDEcMFZND@LBD@NCEFWBD@gGFOBU\BDa
@@@@VNZGOENLB@NBD@DENLBD@K@NB@FDEMFEB@JKLKMNO@^FCZGONM@
N@VGCLB@KDENLGNO@LK@VBUKCEB@`@ZGOEGMN@NE@ZFCZB@LZFUBD@TBM@
qsktxnwsnmojnvsqsrtjntvrotvrjn~orwj|nujvjnxnpkjkqrjisktxnwsn
TMBWMNUND@K@TMBKEBD@ZGOEGMNFD]@^KLNLN@N@NTOFZNHIB@LKDDKD@MKZGMDBD@
CB@TNWNUKCEB@LK@@
@@LKDTKDND@ZBU@TKDDBNO@K@KCZNMWBD@DBZFNFD@
@@DKM^FHB@LN@L^FLN@
@@gGNOgGKM@BGEMN@LKDTKDN@ZBMMKCEK@CIB@^FCZGONLN@LFMKENUKCEK@
NBD@FC^KDEFUKCEBD@BG@NHzKD@NTBFNLBDa@

1/;;;/
50/5210430
?MEa@Pa@@LK^KM@LB@DENLB@VBUKCENM@TMeEFZND@LKDTBMEF^ND@
VBMUNFD@K@CIBfVBMUNFD]@ZBUB@LFMKFEB@LK@ZNLN@GU]@B\DKM^NLBD

@@@b@{BLKM@{\OFZB@FCZKCEF^NMe@B@ONhKM]@ZBUB@VBMUN@LK@
TMBUBHIB@DBZFNOa
693780/;/
59/6;0:6;9/2/326:080;9

?MEa@PQa@b@UKMZNLB@FCEKMCB@FCEKWMN@B@TNEMFUYCFB@CNZFBCNO@K@
DKMe@FCZKCEF^NLB@LK@UBLB@N@^FN\FOFhNM@B@LKDKC^BO^FUKCEB@ZGOEGMNO@
K@DcZFBfKZBCYUFZB]@B@\KUfKDENM@LN@TBTGONHIB@K@N@NGEBCBUFN@
EKZCBOcWFZN@LB@{ND]@CBD@EKMUBD@LK@OKF@VKLKMNOa

?MEa@Pf?a@b@FDEKUN@NZFBCNO@LK@AGOEGMN]@BMWNCFhNLB@KU@
MKWFUK@LK@ZBON\BMNHIB]@LK@VBMUN@LKDZKCEMNOFhNLN@K@TNMEFZFTNEF^N]@
FCDEFEGF@GU@TMBZKDDB@LK@WKDEIB@K@TMBUBHIB@ZBCGCEN@LK@TBOEFZND@
T\OFZND@LK@ZGOEGMN]@LKUBZMeEFZND@K@TKMUNCKCEKD]@TNZEGNLND@KCEMK@

693780//
59/60 7:;69<=0/106;98


?MEa@2a@?@UNCFVKDENHIB@LB@TKCDNUKCEB]@N@ZMFNHIB]@N@
KSTMKDDIB@K@N@FCVBMUNHIB]@DB\@gGNOgGKM@VBMUN]@TMBZKDDB@BG@^KZGOB@
CIB@DBVMKMIB@gGNOgGKM@MKDEMFHIB]@B\DKM^NLB@B@LFDTBDEB@CKDEN@
ABCDEFEGFHIBa
@P@@KC_GUN@OKF@ZBCEKMe@LFDTBDFEF^B@gGK@TBDDN@ZBCDEFEGFM@
KU\NMNHB@`@TOKCN@OF\KMLNLK@LK@FCVBMUNHIB@BMCNODEFZN@KU@gGNOgGKM@
^KZGOB@LK@ZBUGCFZNHIB@DBZFNO]@B\DKM^NLB@B@LFDTBDEB@CB@NMEa@]@]@
]@]@@K@a
@@@@^KLNLN@EBLN@K@gGNOgGKM@ZKCDGMN@LK@CNEGMKhN@TBOEFZN]@
FLKBOcWFZN@K@NMEDEFZNa
@@@ABUTKEK@`@OKF@VKLKMNO
@@MKWGONM@ND@LF^KMDzKD@K@KDTKEeZGOBD@T\OFZBD]@ZN\KCLB@NB@
{BLKM@{\OFZB@FCVBMUNM@DB\MK@N@CNEGMKhN@LKOKD]@ND@VNFSND@KEeMFND@N@
gGK@CIB@DK@MKZBUKCLKU]@OBZNFD@K@_BMeMFBD@KU@gGK@DGN@NTMKDKCENHIB@
DK@UBDEMK@FCNLKgGNLN
@@KDEN\KOKZKM@BD@UKFBD@OKWNFD@gGK@WNMNCENU@`@TKDDBN@K@
`@VNUOFN@N@TBDDF\FOFLNLK@LK@DK@LKVKCLKMKU@LK@TMBWMNUND@BG@
TMBWMNUNHzKD@LK@MeLFB@K@EKOK^FDIB@gGK@ZBCEMNMFKU@B@LFDTBDEB@CB@
NMEa@P]@\KU@ZBUB@LN@TMBTNWNCLN@LK@TMBLGEBD]@TMeEFZND@K@DKM^FHBD@
gGK@TBDDNU@DKM@CBZF^BD@`@DNLK@K@NB@UKFB@NU\FKCEKa
@@@?@TMBTNWNCLN@ZBUKMZFNO@LK@EN\NZB]@\K\FLND@NOZBcOFZND]@
NWMBEcSFZBD]@UKLFZNUKCEBD@K@EKMNTFND@KDENMe@DGKFEN@N@MKDEMFHzKD@
OKWNFD]@CBD@EKMUBD@LB@FCZFDB@@LB@TNMeWMNVB@NCEKMFBM]@K@ZBCEKMe]@
DKUTMK@gGK@CKZKDDeMFB]@NL^KMECZFN@DB\MK@BD@UNOKVZFBD@LKZBMMKCEKD@
LK@DKG@GDBa
@@@bD@UKFBD@LK@ZBUGCFZNHIB@DBZFNO@CIB@TBLKU]@LFMKEN@BG@
FCLFMKENUKCEK]@DKM@B\KEB@LK@UBCBTcOFB@BG@BOFWBTcOFBa
@@@?@TG\OFZNHIB@LK@^KZGOB@FUTMKDDB@LK@ZBUGCFZNHIB@
FCLKTKCLK@LK@OFZKCHN@LK@NGEBMFLNLKa

@@KF@LFDZFTOFCNMe@N@TNMEFZFTNHIB@LK@ZNTFENO@KDEMNCWKFMB@CND@
KUTMKDND@LK@gGK@EMNEN@B@@Pa@
@@?D@NOEKMNHzKD@LK@ZBCEMBOK@DBZFKEeMFB@LND@KUTMKDND@LK@gGK@
EMNEN@B@@P@DKMIB@ZBUGCFZNLND@NB@ABCWMKDDB@NZFBCNOa@@
?MEa@ a@ ABUTKEK@ NB@ {BLKM@ SKZGEF^B@ BGEBMWNM@ K@
MKCB^NM@ZBCZKDDIB]@TKMUFDDIB@K@NGEBMFhNHIB@TNMN@B@DKM^FHB@LK@
MNLFBLFVGDIB@DBCBMN@K@LK@DBCD@K@FUNWKCD]@B\DKM^NLB@B@TMFCZTFB@LN@
ZBUTOKUKCENMFLNLK@LBD@DFDEKUND@TMF^NLB]@T\OFZB@K@KDENENOa
@P@@b@ABCWMKDDB@NZFBCNO@NTMKZFNMe@B@NEB@CB@TMNhB@LB@NMEa@
]@@@K@@]@N@ZBCENM@LB@MKZK\FUKCEB@LN@UKCDNWKUa
@@@?@CIB@MKCB^NHIB@LN@ZBCZKDDIB@BG@TKMUFDDIB@LKTKCLKMe@
LK@NTMB^NHIB@LK]@CB@UCFUB]@LBFD@gGFCEBD@LB@ABCWMKDDB@NZFBCNO]@
KU@^BENHIB@CBUFCNOa
@@@b@NEB@LK@BGEBMWN@BG@MKCB^NHIB@DBUKCEK@TMBLGhFMe@
KVKFEBD@OKWNFD@NTcD@LKOF\KMNHIB@LB@ABCWMKDDB@NZFBCNO]@CN@VBMUN@
LBD@TNMeWMNVBD@NCEKMFBMKDa
@@@b@ZNCZKONUKCEB@LN@ZBCZKDDIB@BG@TKMUFDDIB]@NCEKD@LK@
^KCZFLB@B@TMNhB]@LKTKCLK@LK@LKZFDIB@GLFZFNOa
@@@b@TMNhB@LN@ZBCZKDDIB@BG@TKMUFDDIB@DKMe@LK@LKh@NCBD@
TNMN@ND@KUFDDBMND@LK@MeLFB@K@LK@gGFChK@TNMN@ND@LK@EKOK^FDIBa
?MEa@a@{NMN@BD@KVKFEBD@LB@LFDTBDEB@CKDEK@ZNTEGOB]@B@
ABCWMKDDB@NZFBCNO@FCDEFEGFMe]@ZBUB@DKG@cMWIB@NGSFOFNM]@B@ABCDKO_B@
LK@ABUGCFZNHIB@BZFNO]@CN@VBMUN@LN@OKFa
693780/;/
50/ 2;0/9 4;2:32

693780/;;/
5/>//6//9//56///;/

693780/;;;/
501/:5;01

?MEa@Pa@?@TMBLGHIB@K@N@TMBWMNUNHIB@LND@KUFDDBMND@LK@MeLFB@
K@EKOK^FDIB@NEKCLKMIB@NBD@DKWGFCEKD@TMFCZTFBD
nnuvssv3kqrjnjnpkj~rwjwsmnswoqjtryjm|njvtmtrqjm|nqo~tovjrmnsn
FCVBMUNEF^ND
@@TMBUBHIB@LN@ZGOEGMN@CNZFBCNO@K@MKWFBCNO@K@KDEUGOB@`@
TMBLGHIB@FCLKTKCLKCEK@gGK@B\KEF^K@DGN@LF^GOWNHIB
@ @ MKWFBCNOFhNHIB@ LN@ TMBLGHIB@ ZGOEGMNO]@ NMEDEFZN@ K@
BMCNODEFZN]@ZBCVBMUK@TKMZKCEGNFD@KDEN\KOKZFLBD@KU@OKF
@@MKDTKFEB@NBD@^NOBMKD@EFZBD@K@DBZFNFD@LN@TKDDBN@K@LN@VNUOFNa

?MEa@Pa@IB@MKZBC_KZFLBD@NBD@CLFBD@DGN@BMWNCFhNHIB@DBZFNO]@
ZBDEGUKD]@OCWGND]@ZMKCHND@K@EMNLFHzKD]@K@BD@LFMKFEBD@BMFWFCeMFBD@
DB\MK@ND@EKMMND@gGK@EMNLFZFBCNOUKCEK@BZGTNU]@ZBUTKEFCLB@`@CFIB@
LKUNMZefOND]@TMBEKWKM@K@VNhKM@MKDTKFENM@EBLBD@BD@DKGD@\KCDa
@P@@IB@EKMMND@EMNLFZFBCNOUKCEK@BZGTNLND@TKOBD@CLFBD@
ND@TBM@KOKD@_N\FENLND@KU@ZNMeEKM@TKMUNCKCEK]@ND@GEFOFhNLND@TNMN@
DGND@NEF^FLNLKD@TMBLGEF^ND]@ND@FUTMKDZFCL^KFD@`@TMKDKM^NHIB@LBD@
MKZGMDBD@NU\FKCENFD@CKZKDDeMFBD@N@DKG@\KUfKDENM@K@ND@CKZKDDeMFND@
N@DGN@MKTMBLGHIB@VDFZN@K@ZGOEGMNO]@DKWGCLB@DKGD@GDBD]@ZBDEGUKD@K@
EMNLFHzKDa

?MEa@a@?@TMBTMFKLNLK@LK@KUTMKDN@BMCNODEFZN@K@LK@
MNLFBLFVGDIB@DBCBMN@K@LK@DBCD@K@FUNWKCD@@TMF^NEF^N@LK@\MNDFOKFMBD@
CNEBD@BG@CNEGMNOFhNLBD@_e@UNFD@LK@LKh@NCBD]@BG@LK@TKDDBND@GMLFZND@
ZBCDEFEGLND@DB\@ND@OKFD@\MNDFOKFMND@K@gGK@EKC_NU@DKLK@CB@{NDa@
@P@U@gGNOgGKM@ZNDB]@TKOB@UKCBD@DKEKCEN@TBM@ZKCEB@LB@
ZNTFENO@EBENO@K@LB@ZNTFENO@^BENCEK@LND@KUTMKDND@BMCNODEFZND@K@LK@
MNLFBLFVGDIB@DBCBMN@K@LK@DBCD@K@FUNWKCD@LK^KMe@TKMEKCZKM]@LFMKEN@
BG@FCLFMKENUKCEK]@N@\MNDFOKFMBD@CNEBD@BG@CNEGMNOFhNLBD@_e@UNFD@LK@
LKh@NCBD]@gGK@KSKMZKMIB@B\MFWNEBMFNUKCEK@N@WKDEIB@LND@NEF^FLNLKD@K@
KDEN\KOKZKMIB@B@ZBCEKLB@LN@TMBWMNUNHIBa@@
@@?@MKDTBCDN\FOFLNLK@KLFEBMFNO@K@ND@NEF^FLNLKD@LK@DKOKHIB@
K@LFMKHIB@LN@TMBWMNUNHIB@^KFZGONLN@DIB@TMF^NEF^ND@LK@\MNDFOKFMBD@
CNEBD@BG@CNEGMNOFhNLBD@_e@UNFD@LK@LKh@NCBD]@KU@gGNOgGKM@UKFB@LK@
ZBUGCFZNHIB@DBZFNOa@@
@ @ bD@ UKFBD@ LK@ ZBUGCFZNHIB@ DBZFNO@ KOKEMYCFZN]@
FCLKTKCLKCEKUKCEK@LN@EKZCBOBWFN@GEFOFhNLN@TNMN@N@TMKDENHIB@LB@
DKM^FHB]@LK^KMIB@B\DKM^NM@BD@TMFCZTFBD@KCGCZFNLBD@CB@NMEa@P]@
kjnxvijnwsn~srnsmusqpqj|nosntjiinjvjktrvnjnuvrxvrwjwsnwsn
uvxpmmrxkjrmnvjmr~srvxmnkjnssqo}xnwsnuvxwosmnkjqrxkjrmn

?MEa@a@bD@CLFBD]@DGND@ZBUGCFLNLKD@K@BMWNCFhNHzKD@DIB@
TNMEKD@OKWEFUND@TNMN@FCWMKDDNM@KU@GhB@KU@LKVKDN@LK@DKGD@LFMKFEBD@
snrktsvsmmsm|nrktsvyrkwxnxn rkrmtvrxn~rqxnsintxwxmnxmnjtxmnwxn
TMBZKDDBa

?MEa@a@@LK^KM@LN@VNUOFN]@LN@DBZFKLNLK@K@LB@DENLB@NDDKWGMNM@
`@ZMFNCHN]@NB@NLBOKDZKCEK@K@NB@B^KU]@ZBU@N\DBOGEN@TMFBMFLNLK]@
B@LFMKFEB@`@^FLN]@`@DNLK]@`@NOFUKCENHIB]@`@KLGZNHIB]@NB@ONhKM]@`@
uvxpmmrxkj~rj}x|nnqo~tovj|nnwrkrwjws|njxnvsmusrtx|nn~rsvwjwsnsn
`@ZBC^F^CZFN@VNUFOFNM@K@ZBUGCFEeMFN]@NOU@LK@ZBOBZefOBD@N@DNO^B@LK@
EBLN@VBMUN@LK@CKWOFWCZFN]@LFDZMFUFCNHIB]@KSTOBMNHIB]@^FBOCZFN]@
ZMGKOLNLK@K@BTMKDDIBa@@
1


33780/;8/
5/59/6/

?MEa@B@@b@KZMKEB@CB@a2]@LK@@LK@NWBDEB@LK@22]@TNDDN@N@
^FWBMNM@ZBU@ND@DKWGFCEKD@NOEKMNHzKD
X?MEa@Pa@n"sqvstjvrjnwsnvtrqo~j}xnkmtrtoqrxkj~nwxn rkrmtf
MFB@LN@AGOEGMN@TMKDENMe@NTBFB@EZCFZB@K@NLUFCFDEMNEF^B@NB@A{Aa[@


?MEa@a@
n
nnnskmrkxnwjnrmtvrjnwxnvjmr~n~syjvnsinqxktjnjmn
ZBCEMF\GFHzKD@LND@LFVKMKCEKD@ZGOEGMND@K@KECFND@TNMN@N@VBMUNHIB@LB@
TB^B@\MNDFOKFMBa

?MEa@B@@DEK@KZMKEB@KCEMN@KU@^FWBM@DKEK@LFND@NTcD@N@LNEN@LK@
DGN@TG\OFZNHIBa
?MEa@B@@JFZNU@MK^BWNLBD
@f@B@KZMKEB@CB@aR]@LK@2@LK@N\MFO@LK@22Q
@f@BD@NMEDa@Q@K@P@LB@KZMKEB@CB@a]@LK@PQ@LK@N\MFO@LK@2PP@K
@f@B@?CKSB@@NB@KZMKEB@CB@a]@LK@PQ@LK@N\MFO@LK@2PPa@

./2134737491/049:; 96;0:9;1/2/60 230:6;9/

50/ ;:;134;0/59/6783749/2/52/1791/2:3;59521/
;:6789591./

vjm~rj|n
nwsnijrxnwsn
n
#
B@LN@CLKTKCLCZFN@K@PB@LN@
KT\OFZNa@

5264230/:/./52/-/52/ 9;0/52/-

$ n%""
& '(')*+,-./0'1(
233)+& )(')+,4)(54-+6-+71..)36)@

?TMB^N@N@DEMGEGMN@KWFUKCENO@K@B@GNLMB@KUBCDEMNEF^B@LBD@
jvxmnsinxirmm}xnsnwjmnoksmnvjtrpqjwjmnwxn rkrmtvrxnwjn
AGOEGMNa

9:280/;

@41061 2
56
54197
]@CB@GDB@LN@NEMF\GFHIB@
gGK@O_K@ZBCVKMK@B@NMEa@R]5]@FCZFDB@]@NOCKN@XN[]@LN@ABCDEFf
EGFHIB]
617412

?MEa@PB@@JFZNU@NTMB^NLBD@N@DEMGEGMN@KWFUKCENO@K@B@
GNLMB@KUBCDEMNEF^B@LBD@ANMWBD@KU@ABUFDDIB@K@LND@JGCHzKD@
vjtrpqjwjmnwxn rkrmtvrxnwjno~tovj|nkjnxvijnwxmnksxmnnsn

213473749/42; 2:398/50/ ;:;134;0/59/

6783749
693780/;
59/:93742 9/2/60 230:6;9
?MEa@PBnnn rkrmtvrxnwjno~tovj|nv}xnwjnjwirkrmtvj}xn
T\OFZN@VKLKMNO@LFMKEN]@EKU@ZBUB@eMKND@LK@ZBUTKECZFN@BD@DKWGFCEKD@
NDDGCEBD
@f@TBOEFZN@CNZFBCNO@LK@ZGOEGMN@K
@f@TMBEKHIB@LB@TNEMFUYCFB@_FDEcMFZB@K@ZGOEGMNOa@

?MEa@B@@JFZNU@MKUNCKNLBD]@CN@VBMUN@LB@?CKSB@]@BD@
DKWGFCEKD@ZNMWBD@KU@ZBUFDDIB@LB@!MGTBfFMKHIB@K@? DDKDDBMNUKCEB@
GTKMFBMKD@f@?
nnwxn rkrmtvrxnwjno~tovjnujvjnjn"sqvstjvrjnwsnsmt}xn~rf
qjnwxn rkrmtvrxnwxn~jksjisktx|nvjisktxnsnsmt}x
N@GU@?@P2a
\@LBFD@?@P2a
Z@gGNEMB@?@P2a
L@LKhKDDKEK@?@P2a@K
K@gGFChK@?@P2aP@K
nnwjn"sqvstjvrjnwsnsmt}xn~rqjnwxn rkrmtvrxnwxn~jksjf
isktx|nvjisktxnsnsmt}xnujvjnxn rkrmtvrxnwjno~tovj
N@LKhKDDKEK@?@P2Pa@K
\@gGFChK@?@P2PaPa

693780/;;
59/213473749/049:; 96;0:98
?MEa@Bnnn rkrmtvrxnwjno~tovjntsinjnmsorktsnsmtvotovjn
BMWNCFhNZFBCNO
nnv}xmnwsnjmmrmt3kqrjnwrvstjnsnriswrjtjnjxn rkrmtvxnwsnmf
ENLB
N@!N\FCKEK
\@KZMKENMFNfSKZGEF^N
Pa@G\DKZMKENMFN@LK@{ONCKNUKCEB]@bMHNUKCEB@K@?LUFCFDEMNf
HIB
a@FMKEBMFN@LK@KONHzKD@CEKMCNZFBCNFD
a@FMKEBMFN@LK@FMKFEBD@CEKOKZEGNFD@K
a@FMKEBMFN@LK@{MBWMNUND@DTKZFNFD@LK@CVMNKDEMGEGMN@AGOEGf
MNO@K
Z@ABCDGOEBMFN@dGMLFZN
nnv}xmnsmusqpqxmnmrko~jvsm
N@KZMKENMFN@LK@{BOEFZND@AGOEGMNFD

nrvstxvrjnwsnmtowxmnsn xkrtxvjisktxnwsnx~trqjmno~tof
MNFD@K
a@FMKEBMFN@LK@LGZNHIB@K@ABUGCFZNHIB@TNMN@N@AGOEGMN
\@KZMKENMFN@LN@AFLNLNCFN@K@LN@F^KMDFLNLK@AGOEGMNO@FMKEBf
MFN@LN@AFLNLNCFN@K@LN@F^KMDFLNLK@AGOEGMNO
Z@KZMKENMFN@LB@?GLFB^FDGNO@FMKEBMFN@LK@!KDEIB@LK@{BOEFZND@
?GLFB^FDGNFD

?MEa@B@@bD@NTBDEFONUKCEBD@LKZBMMKCEKD@LN@NTMB^NHIB@LN@
DEMGEGMN@KWFUKCENO@LK@gGK@EMNEN@B@NMEa@PB@LK^KMIB@BZBMMKM@CB@TMNhB@
LK@^FCEK@LFND]@ZBCENLB@LN@LNEN@LK@KCEMNLN@KU@^FWBM@LKDEK@KZMKEBa
{NMeWMNVB@CFZBa@@?TcD@BD@NTBDEFONUKCEBD@TMK^FDEBD@CB@]@
xn rkrmtvxnwsnmtjwxnwjno~tovjnjvnuo~rqjvnkxnrvrxnpqrj~nwjn
CFIB]@CB@TMNhB@LK@EMFCEN@LFND]@ZBCENLB@LN@LNEN@LK@KCEMNLN@KU@^FWBM@
LKDEK@KZMKEB]@MKONHIB@CBUFCNO@LBD@EFEGONMKD@LBD@ZNMWBD@KU@ZBUFDf
DIB@N@gGK@DK@MKVKMK@B@?CKSB@]@FCLFZNCLB]@FCZOGDF^K]@B@CUKMB@LK@
ZNMWBD@^NWBD]@DGND@LKCBUFCNHzKD@K@MKDTKZEF^BD@C^KFDa
?MEa@Bnnn rkrmtvxnwsnmtjwxnwjno~tovjnuxwsvnswrtjvn
MKWFUKCEB@FCEKMCB@TNMN@LKENO_NM@ND@GCFLNLKD@NLUFCFDEMNEF^ND@
rktsvjktsmnwjnmtvotovjnsrisktj~nwxn rkrmtvrxnwjno~tovj|nmojmn
ZBUTKECZFND@K@ND@NEMF\GFHzKD@LBD@LFMFWKCEKDa
7


L@KZMKENMFN@LK@ZBCBUFN@AMFNEF^N

nrvstxvrjnwsnsmskyx~yrisktxnsn xkrtxvjisktxns
a@FMKEBMFN@LK@UTMKKCLKLBMFDUB]@!KDEIB@K@CB^NHIB
K@KZMKENMFN@LK@?MEFZGONHIB@CDEFEGZFBCNO@FMKEBMFN@LB@FDEKf
UN@NZFBCNO@LK@AGOEGMN@K@{MBWMNUND@CEKWMNLBD@K
V@KZMKENMFN@LK@JBUKCEB@K@CZKCEF^B@`@AGOEGMN
Pa@FMKEBMFN@LK@CZKCEF^B@`@AGOEGMN@K
nrvstxvrjnwsnsmt}xnwsn sqjkrmixmnwsnxisktx
@f@cMWIBD@LKDZKCEMNOFhNLBD@KTMKDKCENHzKD@KWFBCNFD
@f@cMWIBD@ZBOKWFNLBD
N@ABCDKO_B@NZFBCNO@LK@{BOEFZN@AGOEGMNO@f@A{A
\@ABUFDDIB@NZFBCNO@LK@CZKCEF^B@`@AGOEGMN@f@AA
Z@ABUFDDIB@LB@JGCLB@NZFBCNO@LN@AGOEGMN@f@AJA@K
L@ABCDKO_B@GTKMFBM@LK@AFCKUN@f@AA@K
@f@KCEFLNLKD@^FCZGONLND
N@NGENMgGFND
Pa@CDEFEGEB@LB@{NEMFUYCFB@FDEcMFZB@K@?MEDEFZB@NZFBf
CNO@f@{?
a@?WCZFN@NZFBCNO@LB@AFCKUN@f@?A@K
nkmtrtotxnvjmr~srvxnwsn omsomnn ns
\@VGCLNHzKD

nokwj}xnjmjnwsnornjvxmjnn
a@JGCLNHIB@AGOEGMNO@{NOUNMKD@f@JA{
a@JGCLNHIB@NZFBCNO@LK@?MEKD@f@J?@K
nokwj}xnr~rxtsqjn9jqrxkj~nn9n

@f@ZBBMLKCNM@N@FUTOKUKCENHIB@LK@TBOEFZND@DB\MK@LFMKFEBD@NGf
EBMNFD
@f@DGTKM^FDFBCNM@N@FUTOKUKCENHIB@K@N@N^NOFNHIB@LB@{ONCB@
NZFBCNO@LK@AGOEGMN
@f@ZBBMLKCNM]@ZBU@NTBFB@LN@ABCDGOEBMFN@dGMLFZN]@KDEGLBD@
MKONZFBCNLBD@N@NCEKTMBKEBD@LK@OKF]@UKLFLND@TMB^FDcMFND]@LKZMKEBD@K@
BGEMBD@NEBD@CBMUNEF^BD
nnqxxvwskjvnxnu~jksjisktxnsnjnwspkr}xnwsnwrvstvrsmnsn
ZMFEMFBD@LB@{MBWMNUN@NZFBCNO@LK@?TBFB@`@AGOEGMN@f@{b?A
@f@DGTKM^FDFBCNM@NHzKD@MKONZFBCNLND@ZBU@N@KSKZGHIB@LB@
{b?A
@f@ZBBMLKCNM@N@FUTOKUKCENHIB@LK@KDTNHBD@T\OFZBD@LKDEFCNf
LBD@N@FCEKWMNM@NHzKD@LK@NZKDDB@`@ZGOEGMN@K@LK@TMBUBHIB@LN@ZFLNLNf
CFN
@f@ZBBMLKCNM@K@DGTKM^FDFBCNM@NHzKD@LK@LFVGDIB@LK@TMBLGEBD@
qo~tovjrmnvsmo~tjktsmnwsnuvxstxmnjuxrjwxmnus~xn rkrmtvrxns
@f@NTBFNM]@ZBBMLKCNM@K@DGTKM^FDFBCNM@NHzKD@LK@TMBWMNUNHIB@
LB@KDTNHB@ZGOEGMNOa@
{NMeWMNVB@CFZBa@@?@KZMKENMFNfSKZGEF^N]@TBM@FCEKMULFB@LN@
G\DKZMKENMFN@LK@{ONCKNUKCEB]@bMHNUKCEB@K@?LUFCFDEMNHIB]@@B@
cMWIB@DKEBMFNO@LBD@FDEKUND@LK@{KDDBNO@AF^FO@LN@?LUFCFDEMNHIB@JKf
LKMNO@f@{A]@LK@?LUFCFDEMNHIB@LBD@KZGMDBD@LK@CVBMUNHIB@K@
CVBMUeEFZN@f@{]@LK@KM^FHBD@!KMNFD@f@!]@LK@!KDEIB@LK@Bf
ZGUKCEBD@LK@?MgGF^B@f@!?]@LK@{ONCKNUKCEB@K@LK@bMHNUKCEB@
JKLKMNO]@LK@?LUFCFDEMNHIB@JFCNCZKFMN@JKLKMNO]@LK@ABCEN\FOFLNLK@
JKLKMNO]@LK@bMWNCFhNHIB@K@CB^NHIB@CDEFEGZFBCNO@LB@!B^KMCB@JKf
LKMNO@f@b!a@

693780/;;;
591/60 230:6;91/501/:4=01
1/;
5/://9;/5//;// //
2

?MEa@B@@<@G\DKZMKENMFN@LK@{ONCKNUKCEB]@bMHNUKCEB@K@
?LUFCFDEMNHIB@ZBUTKEK@TONCKNM]@ZBBMLKCNM@K@DGTKM^FDFBCNM@N@
KSKZGHIB@LND@NEF^FLNLKD@MKONZFBCNLND@NBD@DFDEKUND@MKVKMFLBD@CB@
TNMeWMNVB@CFZB@LB@NMEa@B|nkxn=irtxnwxn rkrmtvrx

?MEa@Bnnxnjrkstsnwxn rkrmtvxnqxiusts
nnjmmrmtrvnjxn rkrmtvxnwsnmtjwxnsinmojnvsuvsmsktj}xnux~f
EFZN@K@DBZFNO@K@BZGTNMfDK@LB@TMKTNMB@K@LKDTNZ_B@LB@DKG@KSTKLFKCEK@
TKDDBNO
nnjqxiujkljvnxnjkwjisktxnwxmnuvxstxmnwsnrktsvsmmsnwxn rf
CFDEMFB]@KU@EMNUFENHIB@CB@ABCWMKDDB@NZFBCNO
@f@TMB^FLKCZFNM@B@NEKCLFUKCEB@N@ZBCDGOEND@K@MKgGKMFUKCEBD@
VBMUGONLBD@TKOB@ABCWMKDDB@NZFBCNO
nnuvxyrwskqrjvnjnuo~rqj}xnxpqrj~nsnwryo~j}xnwsnijtf
vrjmnvs~jqrxkjwjmnnvsjnwsnjtoj}xnwxn rkrmtvrx
@f@TONCKNM]@ZBBMLKCNM@K@DGTKM^FDFBCNM@NHzKD@LK@ZBUGCFZNHIB@
mxqrj~nwxn rkrmtvrxnsnsktrwjwsmnyrkqo~jwjm
@f@MKZK\KM]@KSNUFCNM@K@MKDTBCLKM@MKZONUNHzKD]@LKCCZFND]@
DGWKDEzKD@K@KOBWFBD@NBD@TMBWMNUND]@TMBKEBD]@NHzKD@K@TMBZKLFUKCf
txmnwxn rkrmtvrxnsnsktrwjwsmnyrkqo~jwjmns
@f@ZBBMLKCNM@K@DGTKM^FDFBCNM@ND@NHzKD@LND@KTMKDKCENHzKD@
KWFBCNFDa@

?MEa@B@@<@FMKEBMFN@LK@KONHzKD@CEKMCNZFBCNFD@ZBUTKEK
nnmomrwrjvnsnqxxvwskjvnxmnv}xmnwxn rkrmtvrxnsnsktrwjwsmn
^FCZGONLND]@KU@NDDGCEBD@FCEKMCNZFBCNFD@LB@ZNUTB@ZGOEGMNO
nnmomrwrjv|nxvrsktjvnsnqxxvwskjvnjnujvtrqruj}xnwxn rkrmtf
MFB@K@KCEFLNLKD@^FCZGONLND@KU@BMWNCFDUBD]@MKLKD]@VcMGCD@K@K^KCEBD@
FCEKMCNZFBCNFD@gGK@EMNENU@LK@gGKDEzKD@MKONEF^ND@`@ZGOEGMN
@f@BMFKCENM]@TMBUB^KM@K@ZBBMLKCNM@B@TONCKNUKCEB]@VBMUGONf
HIB]@FUTOKUKCENHIB@K@N^NOFNHIB@LK@TBOEFZND]@TMBWMNUND]@TMBKEBD@K@
jsmnrktsvkjqrxkjrmnwxn rkrmtvrxnsnsktrwjwsmnyrkqo~jwjm
@f@LFDDKUFCNM@ND@LFMKEMFhKD@LN@TBOEFZN@KSEKMCN@\MNDFOKFMN@CN@
eMKN@LN@ZGOEGMN@K@NDDKWGMNM@DGN@NLBHIB@CND@NHzKD@FCEKMCNZFBCNFD@LB@
rkrmtvrxnsnsktrwjwsmnyrkqo~jwjm
nnqxxvwskjv|nsinjvtrqo~j}xnqxinwsijrmnv}xmnwxn rkrmtf
vrxnsn rkrmtvrxmnjpkm|nuvxvjijm|nuvxstxmnsnjsmnwsnqxxusvj}xn
FCEKMCNZFBCNO@K@N@CKWBZFNHIB@LK@NEBD@FCEKMCNZFBCNFD@ZBU@BMWNCFDf
UBD@FCEKMCNZFBCNFD@K@WB^KMCBD@KDEMNCWKFMBD
@f@NTBFNM@K@DG\DFLFNM]@KU@NMEFZGONHIB@ZBU@BD@LKUNFD@cMWIBD@
wxn rkrmtvrx|n rkrmtvrxmnjpkmnsnsktrwjwsmnu~rqjmnsnuvryjwjmn
CNZFBCNFD@K@KDEMNCWKFMND]@N@KSTBMENHIB@LK@\KCD@K@DKM^FHBD@LK@ZGOEGMN@
\MNDFOKFMBD
nnwspkrvnsmtvjtrjmnsnjuxrjvnjsmnujvjnrktskmrpqjvnxnrkf
tsvq=irxnqo~tovj~nsnjvtmtrqxnsktvsnxnvjmr~nsnujmsmnsmtvjksrvxm|n
sinjvtrqo~j}xnqxinxmnwsijrmnv}xmnwxn rkrmtvrxnsnsktrwjwsmn
^FCZGONLND
@f@LKDKC^BO^KM@NHzKD@K@TMBKEBD@KDTKZFNFD@TNMN@TMBUB^KM@N@
ZGOEGMN@\MNDFOKFMN@CB@KSEKMFBM
>nnjtojvnqxixnrktsv~xqotxvnwxn rkrmtvrxnsnsktrwjwsmnyrkqof
~jwjmnoktxnjxn rkrmtvrxnwjmns~jsmntsvrxvsm

?MEa@B@@<@KZMKENMFNfSKZGEF^N@ZBUTKEK
nnjmmrmtrvnjxn rkrmtvxnwsnmtjwxnkjnqxxvwskj}xnsnmousvyrm}xn
wsnjsmnwxmnv}xmnsmusqpqxmnmrko~jvsmnwxn rkrmtvrxnsnwjmnskf
EFLNLKD@^FCZGONLND
nnjor~rjvnxn rkrmtvxnwsnmtjwxnkjnwspkr}xnwsnwrvstvrsmnsn
CN@FUTOKUKCENHIB@LK@NHzKD
nnjuxrjvnxn rkrmtvxnwsnmtjwxnkxnu~jksjisktxnwxnu~jkxn
TOGMFNCGNO]@CN@N^NOFNHIB@LK@DKGD@MKDGOENLBD]@K@DGTKM^FDFBCNM@DGN@
KON\BMNHIB
@f@ZBBMLKCNM@K@DGTKM^FDFBCNM@EKUND]@K^KCEBD@K@NHzKD@FCEKMf
CNZFBCNFD
8


@f@NZBUTNC_NM@N@KON\BMNHIB]@NDDFCNEGMN@K@KSKZGHIB@LBD@ZBCf
^CFBD]@ZBCEMNEBD]@EKMUBD@LK@TNMZKMFN@K@LKUNFD@FCDEMGUKCEBD@CKZKDf
DeMFBD@NB@ZGUTMFUKCEB@LND@VGCHzKD@LN@FMKEBMFN
>nnjor~rjvnkjnwspkr}xnwjnjskwjnrktsvkjqrxkj~nwxn rkrmtvxn
K@LB@KZMKEeMFBfSKZGEF^B]@K@DG\DFLFNM@MKGCFzKD@K@NGLFCZFND@LK@FCf
tsvsmmsnwxn rkrmtvrxnosnskyx~yjintsijmnrktsvkjqrxkjrmn

nnuvsmtjvnjmmsmmxvrjnsnqxkmo~txvrjnovwrqjnkxn=irtxnwxn rf
CFDEMFB
nnpjvnjnrktsvuvstj}xnwjnxkmtrtor}x|nwjmn~srm|nwxmntvjtjf
LBD@K@LBD@LKUNFD@NEBD@CBMUNEF^BD]@N@DKM@GCFVBMUKUKCEK@DKWGFLN@
kjnvsjnwsnjtoj}xnwxn rkrmtvrxnojkwxnk}xnlxoysvnxvrsktj}xn
CBMUNEF^N@LB@?L^BWNLBf!KMNO@LN@CFIB
nnjtojv|nsinqxkoktxnqxinxmnv}xmntqkrqxmnwxn rkrmtvrx|n
CN@KON\BMNHIB@LK@TMBTBDEND@LK@NEBD@CBMUNEF^BD@gGK@DKMIB@DG\UKEFf
wjmnjxn rkrmtvxnwsnmtjwx
nnvsj~rjvnvsyrm}xnpkj~nwjntqkrqjn~srm~jtryjnsnsirtrvnujvsf
ZKM@ZBCZOGDF^B@DB\MK@N@ZBCDEFEGZFBCNOFLNLK]@N@OKWNOFLNLK@K@N@ZBUf
TNEF\FOFLNLK@ZBU@B@BMLKCNUKCEB@GMLFZB@LND@TMBTBDEND@LK@NEBD@
CBMUNEF^BD
nnjmmrmtrvnxn rkrmtvxnwsnmtjwxnkxnqxktvx~snrktsvkxnwjn~sj~rf
wjwsnwxmnjtxmnwxn rkrmtvrxnsnwjmnsktrwjwsmnyrkqo~jwjmns
@f@KSNUFCNM]@TM^FN@K@ZBCZOGDF^NUKCEK
N@BD@EKSEBD@LK@KLFENFD@LK@OFZFENHIB]@\KU@ZBUB@BD@MKDTKZEF^BD@
ZBCEMNEBD@BG@FCDEMGUKCEBD@ZBCWCKMKD]@N@DKMKU@TG\OFZNLBD@K@ZKOKf
\MNLBD@K
\@BD@NEBD@TKOBD@gGNFD@DK@MKZBC_KHN@N@FCKSFWF\FOFLNLK]@BG@DK@
LKZFLN@N@LFDTKCDN@LK@OFZFENHIBa@

?MEa@B@@<@FMKEBMFN@LK@FMKFEBD@CEKOKZEGNFD@ZBUTKEK
@f@DG\DFLFNM@N@VBMUGONHIB]@FUTOKUKCENHIB@K@N^NOFNHIB@LN@TBf
~trqjnwxn rkrmtvrxnmxvsnwrvsrtxmnjotxvjrm
@f@DG\DFLFNM@N@VBMUGONHIB]@FUTOKUKCENHIB@K@N^NOFNHIB@LN@TBf
~trqjnwxn rkrmtvrxnmxvsnxmnqxklsqrisktxmntvjwrqrxkjrmnsnsuvsmf
DzKD@ZGOEGMNFD@EMNLFZFBCNFD@CB@U\FEB@LN@TMBTMFKLNLK@FCEKOKZEGNO
@f@FCEKWMNM@ND@FCDECZFND@FCEKMWB^KMCNUKCENFD@gGK@EMNENU@LK@
EKUND@MKONZFBCNLBD@N@LFMKFEBD@NGEBMNFD
@f@BMFKCENM]@TMBUB^KM]@MKNOFhNM@K@DGTKM^FDFBCNM@NHzKD@LK@WKDf
EIB@K@LFVGDIB@LBD@TMFCZTFBD@K@B\KEF^BD@LBD@LFMKFEBD@NGEBMNFD
@f@N^NOFNM@K@LFVGCLFM@VBMUND@NOEKMCNEF^ND@LK@OFZKCZFNUKCEB@LK@
B\MND@FCEKOKZEGNFD@TMBEKWFLND@TBM@LFMKFEBD@NGEBMNFD
nnuvxuxvniswrwjmnkxvijtryjmnosniswsrsinxmnqxk@rtxmnsn
rktsvsmmsmnsktvsnqvrjwxv|nnrkysmtrwxvnsnomovrxnpkj~nwsnxvjnuvxtsrf
LN@TBM@LFMKFEBD@NGEBMNFD
@f@DG\DFLFNM@N@KON\BMNHIB@LK@NEBD@MKONEF^BD@NB@ZGUTMFUKCf
EB@K@NB@NTKMVKFHBNUKCEB@LN@OKWFDONHIB@DB\MK@LFMKFEBD@NGEBMNFD]@ZBf
C_KZFUKCEBD@EMNLFZFBCNFD@K@KSTMKDDzKD@ZGOEGMNFD@EMNLFZFBCNFD]@CND@
BMLKCD@FCEKMCN@K@FCEKMCNZFBCNO]@FCZOGDF^K@NgGKOND@MKONZFBCNLND@ZBU@
BD@NDTKZEBD@LBD@LFMKFEBD@FCEKOKZEGNFD@MKONZFBCNLBD@NB@ZBUMZFB@LK@
\KCD@FCEKOKZEGNFD
@f@NZBUTNC_NM@CKWBZFNHzKD@LK@NZBMLBD]@EMNENLBD@K@ZBC^KCf
HzKD@FCEKMCNZFBCNFD@DB\MK@LFMKFEBD@NGEBMNFD]@ZBC_KZFUKCEBD@EMNLFf
ZFBCNFD@K@KSTMKDDzKD@ZGOEGMNFD@EMNLFZFBCNFD]@K@BMFKCENM@TMB^FLCZFND@
vs~jtryjmnjxmnvssvrwxmnjtxmnrktsvkjqrxkjrmnnvjtrpqjwxmnus~xnvjmr~
@f@TMBTBM@UKLFLND@CBMUNEF^ND@LK@ZNMeEKM@WKMNO]@ZBBMLKCNM]@
NTBFNM@K@BMFKCENM@ND@NEF^FLNLKD@LK@MKWFDEMB@LK@B\MND@FCEKOKZEGNFD@TMBf
EKWFLND@TBM@LFMKFEBD@NGEBMNFD
@f@KDEFUGONM@N@ZMFNHIB@K@B@NTKMVKFHBNUKCEB@LK@UBLKOBD@LK@
NDDBZFNHzKD@LK@WKDEIB@ZBOKEF^N@LK@LFMKFEBD@NGEBMNFD@K
@f@NTBFNM@K@TMBUB^KM@N@LFVGDIB]@B@KCDFCB@K@N@TKDgGFDN@DB\MK@
LFMKFEBD@NGEBMNFD]@K@N@VBMUNHIB@LK@MKZGMDBD@_GUNCBD@TNMN@NEGNM@CBD@
EKUND@LK@LFMKFEBD@NGEBMNFD@K]@CB@gGK@ZBG\KM]@LBD@ZBC_KZFUKCEBD@
EMNLFZFBCNFD@K@KSTMKDDzKD@ZGOEGMNFD@EMNLFZFBCNFDa

1/;;
ABCDEFGHBCDICJKLMNLBCDOPQGRSTFKC
?MEa@P2a@@<@KZMKENMFN@LK@{BOEFZND@AGOEGMNFD@ZBUTKEK
@f@DG\DFLFNM@K@ZBBMLKCNM@N@VBMUGONHIB]@N@FUTOKUKCENHIB@K@N@
jyj~rj}xnwjmnux~trqjmnu~rqjmnwxn rkrmtvrx
nnjvtrqo~jvmsnqxinxmn rkrmtvrxmnwjnwoqj}xnsnwjnxiof
CFZNHIB@TNMN@FCEKWMNM@ND@TBOEFZND@T\OFZND@LK@ZGOEGMN@K@ND@TBOEFZND@
T\OFZND@LK@KLGZNHIB@K@ZBUGCFZNHIB@CBD@U\FEBD@VKLKMNO]@KDENf
LGNO]@LFDEMFENO@K@UGCFZFTNO
@f@ZBBMLKCNM@N@FUTOKUKCENHIB]@B@UBCFEBMNUKCEB@K@N@N^NOFNf
HIB@LB@{ONCB@NZFBCNO@LK@AGOEGMN
@f@DG\DFLFNM@N@KON\BMNHIB@LK@NEBD@TNMN@NTKMVKFHBNM@N@OKWFDONf
HIB@ZGOEGMNO
@f@ZBBMLKCNM]@FUTOKUKCENM@K@WKMKCZFNM@B@FDEKUN@NZFBCNO@LK@
CVBMUNHzKD@K@CLFZNLBMKD@AGOEGMNFD
@f@TMBDTKZENM@K@VBMUGONM@LFMKEMFhKD]@UKEBLBOBWFND@K@TBOEFZND@
T\OFZND@LK@ZGOEGMN@TNMN@B@ZBCEKSEB@LND@EKZCBOBWFND@LFWFENFD@K@B@
NU\FKCEK@ZBCKZENLB@KU@MKLK@K
@f@KSKZGENM@NHzKD@MKONEF^ND@`@ZKOK\MNHIB@K@`@TMKDENHIB@LK@
ZBCEND@LBD@ZBC^CFBD]@NZBMLBD@K@BGEMBD@FCDEMGUKCEBD@ZBCWCKMKD]@
gGK@KC^BO^NU@N@EMNCDVKMCZFN@LK@MKZGMDBD@LB@bMHNUKCEB@!KMNO@LN@
CFIB]@CB@U\FEB@LK@DGN@eMKN@LK@NEGNHIBa@

?MEa@RB@@<@FMKEBMFN@LK@{MBWMNUND@DTKZFNFD@LK@CVMNKDEMGEGMN@
AGOEGMNO@ZBUTKEK
@f@ZBBMLKCNM@N@FUTOKUKCENHIB@LK@KDTNHBD@T\OFZBD]@KU@KDTKf
qrj~njmnvjjmnwxmnmuxvtsmnsnwjno~tovjnsnxmnmujxmnsnjmnr~rxf
tsqjmn jrmno~tovj|nwsmtrkjwxmnjnrktsvjvnjsmnwsnjqsmmxnnqo~tovjn
K@LK@TMBUBHIB@LN@ZFLNLNCFN
@f@VBMUGONM]@TONCKNM]@ZBBMLKCNM]@LKDKC^BO^KM]@UBCFEBMNM@K@FCf
EKWMNM@ND@NHzKD@CB@ZNUTB@LN@FCVMNKDEMGEGMN@ZGOEGMNO@ZBU@TNMZKFMBD@
T\OFZBD@K@TMF^NLBD]@^FDNCLB@`@NMEFZGONHIB@FCEKMDKEBMFNO]@ZBU@BD@LKf
UNFD@C^KFD@LK@WB^KMCB@K@ZBU@TNMZKFMBD@CNZFBCNFD@K@FCEKMCNZFBCNFD
@f@NMEFZGONM@K@FCEKWMNM@NHzKD@LK@ZBBTKMNHIB@EZCFZN@ZBU@
mtjwxm|nrmtvrtxnswsvj~nsn okrqurxm|nujvjnxvtj~sqsvnjnsmt}xn
LKDZKCEMNOFhNLN@LK@TMBWMNUND]@TMBKEBD@K@NHzKD@LN@FCVMNKDEMGEGMN@
ZGOEGMNO@K
@f@UBCFEBMNM@K@N^NOFNM@N@KVKEF^FLNLK@LN@KSKZGHIB@LBD@TMBKf
EBD@K@NHzKD@LN@FMKEBMFN]@MKONEF^BD@`@FCVMNKDEMGEGMN@ZGOEGMNOa@

vtn

nnUnrvstxvrjnwsnmtowxmnsn xkrtxvjisktxnwsnx~trqjmn
AGOEGMNFD@ZBUTKEK
nnjuxrjv|njvtrqo~jvnsnmomrwrjvnxmnv}xmnwxn rkrmtvrxnsnmojmn
KCEFLNLKD@^FCZGONLND@CN@VBMUGONHIB@K@N^NOFNHIB@LK@TBOEFZND@T\OFf
ZND@LK@ZGOEGMN
@f@ZBBMLKCNM@N@FUTOKUKCENHIB@K@N@N^NOFNHIB@LB@{ONCB@NZFBf
CNO@LK@AGOEGMN@K@NZBUTNC_NM@K@NTBFNM@N@FUTOKUKCENHIB@LBD@TONCBD@
DKEBMFNFD@K@EKMMFEBMFNFD@LK@ZGOEGMN
@f@NZBUTNC_NM@ND@NHzKD@LND@ZUNMND@K@ZBOKWFNLBD@DKEBMFNFD@
wxn rkrmtvrxnsnmojmnsktrwjwsmnyrkqo~jwjm
@f@LKDKC^BO^KM@KDEGLBD@K@TKDgGFDND@CB@U\FEB@LND@TBOEFZND@
T\OFZND@LK@ZGOEGMN@K@DKGD@LKDLB\MNUKCEBD
@f@DFDEKUNEFhNM@K@LF^GOWNM@FCVBMUNHzKD@KDENEDEFZND@LB@ZNUTB@
wjnqo~tovjnsnwjmnjsmnwxn rkrmtvrxnsnsktrwjwsmnyrkqo~jwjm
@f@VBMUGONM@TBOEFZND@T\OFZND@TNMN@N@TMKDKM^NHIB]@LFVGDIB@K@
jqsmmxnoj~rpqjwxnjnjqsvyxmnqo~tovjrm

?MEa@QB@@<@ABCDGOEBMFN@dGMLFZN]@cMWIB@DKEBMFNO@LN@?L^BZNZFNf
!KMNO@LN@CFIB]@ZBUTKEK
?


@f@TMBUB^KM@K@VBUKCENM@B@NZKDDB@NBD@UKFBD@LK@TMBLGHIB]@
VBMUNHIB]@VMGFHIB@K@LFVGDIB@ZGOEGMNO]@K@B@MKZBC_KZFUKCEB@LBD@LFf
MKFEBD@ZGOEGMNFD
@f@TMBUB^KM@NHzKD@gGK@KDEFUGONU@N@ZBC^F^CZFN@K@B@LFeOBf
WB@KCEMK@LFVKMKCEKD]@N@TMeEFZN@LN@FCEKMZGOEGMNOFLNLK]@B@MKDTKFEB@NBD@
LFMKFEBD@FCLF^FLGNFD@K@ZBOKEF^BD]@N@TMBEKHIB@K@B@MKZBC_KZFUKCEB@LN@
LF^KMDFLNLK@DFU\cOFZN@K@ECFZN
@f@VBMENOKZKM@N@FCEKWMNHIB@K@N@ZBUTOKUKCENMFLNLK@LK@NHzKD@
kxn rkrmtvrxnsnmojmnsktrwjwsmnyrkqo~jwjmnujvjnxisktx|njvtrqo~jf
HIB@K@TNZEGNHzKD@KU@TMBO@LN@ZFLNLNCFN@K@LN@LF^KMDFLNLK@ZGOEGMNO
@f@ZBBTKMNM@ZBU@cMWIBD@K@KCEFLNLKD@T\OFZND@K@TMF^NLND@CN@
KVKEF^NHIB@LK@TBOEFZND]@TMBWMNUND@K@NHzKD@KU@TMBO@LBD@LFMKFEBD@_Gf
UNCBD]@LN@EFZN]@LN@ZFLNLNCFN]@LN@LF^KMDFLNLK@ZGOEGMNO]@LN@gGNOFLNf
LK@LK@^FLN@K@LB@LKDKC^BO^FUKCEB@DGDEKCEe^KO
@f@LFDTBCF\FOFhNM@FCVBMUNHzKD@DB\MK@BD@TMBWMNUND]@TMBKf
EBD@K@NHzKD]@K@VBUKCENM@B@MKWFDEMB]@B@FCEKMZU\FB@K@B@NZKDDB@NB@
ZBC_KZFUKCEB@DB\MK@KSTMKDDzKD@ZGOEGMNFD]@ZFLNLNCFN@K@LF^KMDFLNLK@
ZGOEGMNO
@f@FCDEFEGFM@TMBWMNUND@LK@VBUKCEB@`D@NEF^FLNLKD@LK@FCZKCEF^B@
`@LF^KMDFLNLK@K@NB@FCEKMZU\FB@ZGOEGMNO@ZBUB@UKFBD@LK@TMBUBHIB@
LN@ZFLNLNCFN
@f@VBUKCENM@B@FCEKMZU\FB]@N@TNMEFZFTNHIB@K@B@ZBCEMBOK@DBZFNO]@
K@N@WKDEIB@TNMEFZFTNEF^N@LK@TMBWMNUND]@TMBKEBD@K@NHzKD
@f@^NOBMFhNM@N@LF^KMDFLNLK@K@TMBUB^KM@B@KSKMZZFB@LN@ZFLNLNf
CFN@ZGOEGMNO@CB@VBMENOKZFUKCEB@LND@MKONHzKD@VKLKMNEF^ND@K@CN@FUTOKf
UKCENHIB@LN@{BOEFZN@K@LB@{ONCB@NZFBCNO@LK@AGOEGMN
@f@hKONM@TKON@ZBCDKZGHIB@LND@ZBC^KCHzKD]@NZBMLBD@K@NHzKD@
LK@ZBBTKMNHIB@CNZFBCNO@K@FCEKMCNZFBCNO]@ZBU@LKDENgGK@TNMN@N@ABCf
^KCHIB@DB\MK@N@{MBEKHIB@K@N@{MBUBHIB@LN@F^KMDFLNLK@LND@STMKDf
DzKD@AGOEGMNFD@LN@bMWNCFhNHIB@LND@NHzKD@CFLND@TNMN@N@LGZNf
HIB]@N@AFCZFN@K@N@AGOEGMN@f@Ab]@KU@ZBCGCEB@ZBU@N@FMKEBf
MFN@LK@KONHzKD@CEKMCNZFBCNFD@K@ZBU@B@FDEKUN@JKLKMNO@LK@AGOEGMN
@f@TONCKNM]@ZBBMLKCNM]@NZBUTNC_NM@K@N^NOFNM@N@FUTOKUKCf
ENHIB@LBD@FCDEMGUKCEBD@CKZKDDeMFBD@`@KSKZGHIB@LBD@TMBWMNUND]@
TMBKEBD@K@NHzKD@LN@KZMKENMFN
@f@TONCKNM]@ZBBMLKCNM@K@FUTOKUKCENM@NHzKD@TNMN@MKZK\KM]@
NCNOFDNM]@UBCFEBMNM@K@N^NOFNM@TMBKEBD@ZGOEGMNFD@LK@FCZKCEF^B]@CB@Uf
\FEB@LK@DGN@eMKN@LK@NEGNHIB
@f@DG\DFLFNM@N@KZMKENMFN@LK@{BOEFZND@AGOEGMNFD@CB@TMBZKDDB@
LK@VBMUGONHIB@LND@TBOEFZND@T\OFZND@LN@eMKN@ZGOEGMNO@MKONZFBCNLND@
`@DGN@eMKN@LK@NEGNHIB@K
@f@TONCKNM@NHzKD@MKONEF^ND@N@ZKOK\MNHIB@K@N@TMKDENHIB@LK@
ZBCEND@LBD@ZBC^CFBD]@NZBMLBD@K@FCDEMGUKCEBD@ZBCWCKMKD]@gGK@KCf
^BO^NU@N@EMNCDVKMCZFN@LK@MKZGMDBD@LB@bMHNUKCEB@!KMNO@LN@CFIB]@
CB@U\FEB@LK@DGN@eMKN@LK@NEGNHIBa@

@f@TMBUB^KM@TBOEFZND@LK@FCZOGDIB@K@LK@LFDEMF\GFHIB@LN@FCf
VMNKDEMGEGMN@LK@DKM^FHBD@LK@ZBCKSIB@`D@MKLKD@LFWFENFD@K
@f@FUTOKUKCENM@UKZNCFDUBD@LK@TNMEFZFTNHIB@DBZFNO@CB@TMBf
ZKDDB@LK@VBMUGONHIB]@NZBUTNC_NUKCEB@K@NTMFUBMNUKCEB@LK@TBOf
EFZND@T\OFZND@LK@ZGOEGMNa@
?MEa@Pa@@<@FMKEBMFN@LK@LGZNHIB@K@ABUGCFZNHIB@TNMN@N@AGOf
EGMN@ZBUTKEK
@f@TMBTBM@K@NZBUTNC_NM@B@LKDKC^BO^FUKCEB@K@N@FCEKWMNHIB@LK@
TBOEFZND@T\OFZND@LK@ZGOEGMN@`D@LK@KLGZNHIB@K@`D@LK@ZBUGCFZNHIB@
oktxnjxmnv}xmnsnsktrwjwsmnyrkqo~jwjmnwxn rkrmtvrx
@f@TMBTBM@TBOEFZND@LK@ZGOEGMN@ZBU@CVNDK@CN@KLGZNHIB]@^BOENf
LND@TNMN@BD@^KZGOBD@T\OFZBD@LK@ZBUGCFZNHIB]@KU@ZBCGCEB@ZBU@N@
KZMKENMFN@LB@?GLFB^FDGNO
@f@VBMUGONM]@KU@TNMZKMFN@ZBU@BD@cMWIBD@LK@KLGZNHIB]@ZFCf
ZFN@K@EKZCBOBWFN@K@TKDgGFDN]@TMBWMNUND@LK@VBMUNHIB@K@ZNTNZFENHIB@
TNMN@TMBEKWKM@K@N@TMBUB^KM@N@LF^KMDFLNLK@ZGOEGMNO@\MNDFOKFMN]@GCEB@
N@NMEKfKLGZNLBMKD]@KLGZNLBMKD@TBTGONMKD@K@TKDgGFDNLBMKD
@f@NMEFZGONM@TMBWMNUND]@TMBKEBD@K@NHzKD@KCEMK@BD@cMWIBD@LK@
ZGOEGMN@K@KLGZNHIB@UGCFZFTNFD]@KDENLGNFD@K@VKLKMNFD@K@BMWNCFhNHzKD@
LN@DBZFKLNLK@ZF^FO]@TNMN@TMBUB^KM@N@FCEKMDKEBMFNOFLNLK@KCEMK@TBOEFf
ZND@T\OFZND@LK@ZGOEGMN]@KLGZNHIB@K@ZBUGCFZNHIB
@f@FCZKCEF^NM@N@TKDgGFDN]@B@UNTKNUKCEB@K@N@KON\BMNHIB@LK@
UNEKMFNFD@LFLeEFZBD@TNMN@LFVGDIB@LK@ZBCEKLBD@NMEDEFZBfZGOEGMNFD]@
ECFZBD]@LK@KLGZNHIB@TNEMFUBCFNO@K@LN@LF^KMDFLNLK@ZGOEGMNO
@f@TMBUB^KM@B@LFeOBWB@KCEMK@UKEBLBOBWFND@LKDKC^BO^FLND@
CN@KLGZNHIB@VBMUNO@K@CN@KLGZNHIB@TBTGONM]@TNMN@VBMUGONM]@KU@TNMf
qsvrjnqxinxn rkrmtvrxnwjnwoqj}x|njsmnwsnqo~tovjnqxkoktjmn
KCEMK@KDZBON]@GCF^KMDFLNLK@K@DBZFKLNLK@ZF^FO]@N@TNMEFM@LN@MKNOFLNLK@
EKMMFEBMFNO
nnuvxuxvnjxn rkrmtvrxnwjnwoqj}xnjnxvio~j}xnwsnuxf
OEFZND@T\OFZND@LK@KSEKCDIB@GCF^KMDFEeMFN@TNMN@N@TKDgGFDN]@LFVGDIB@
K@VBMENOKZFUKCEB@LND@NMEKD@K@LBD@DN\KMKD@ZGOEGMNFD]@ZBU@CVNDK@CND@
okrysvmrwjwsmnu~rqjmnsnqsktvxmnwsnxvij}xntqkrqjnsnuvxpmmrxf
CNOFhNCEK
nnuvxuxv|nsinjvtrqo~j}xnqxinxn rkrmtvrxnwjnwoqj}x|n
NHzKD@TNMN@N@TMBUBHIB@LB@KCDFCB@LND@NMEKD]@N@NTMBTMFNHIB@LBD@DNf
\KMKD@ZGOEGMNFD@K@B@VBMENOKZFUKCEB@LN@LF^KMDFLNLK@ZGOEGMNO@GCEB@`D@
KDZBOND@LN@MKLK@T\OFZN@LK@KCDFCB@\eDFZB
>nnjvtrqo~jvnxnqxkoktxnwsnjsmnwxn"rmtsijnwxn rkrmtvrxnwjn
AGOEGMN@TNMN@VBMUGONM@K@FUTOKUKCENM@TMBWMNUN@FCEKWMNLB@LK@NHzKD@
LK@ZGOEGMN@TNMN@ZBUGCFZNHIB@K
>nnuvxuxv|nsinujvqsvrjnqxinxmn rkrmtvrxmnwjmnxiokrqjf
HzKD]@LN@AFCZFN]@KZCBOBWFN@K@CB^NHIB@K@LN@LGZNHIB]@TMBWMNf
UND@K@NHzKD@LK@ZGOEGMN@TNMN@ZBUGCFZNHIB@gGK@VBUKCEKU@TMeEFZND@
LK@LKUBZMNEFhNHIB@LB@NZKDDB]@LK@TMBLGHIB@K@LFDTBCF\FOFhNHIB@LK@
FCVBMUNHIB@K@ZBCEKLBD@TBM@DKWUKCEBD@ZGOEGMNOUKCEK@^GOCKMe^KFD@
K@LK@MKZBC_KZFUKCEB@K@NTBFB@N@MKLKD@NOEKMCNEF^ND@LK@TMBLGHIB@LK@
ZBCEKLB@TNMN@N@ZGOEGMNa@@

?MEa@Pa@@<@FMKEBMFN@LN@AFLNLNCFN@K@LN@F^KMDFLNLK@AGOEGMNO@
ZBUTKEK
@f@TONCKNM]@ZBBMLKCNM@K@DGTKM^FDFBCNM@NHzKD@LK@FUTOKUKCENf
HIB]@UBCFEBMNUKCEB@K@N^NOFNHIB@LBD@TMBWMNUND]@TMBKEBD@K@NHzKD@
LK@TMBUBHIB@LN@ZFLNLNCFN@K@LN@LF^KMDFLNLK@ZGOEGMNO
@f@DGTKM^FDFBCNM@N@FUTOKUKCENHIB@LK@NHzKD@TNMN@TMBUB^KM@N@
VBMUNHIB@KU@TMBO@LN@LF^KMDFLNLK@ZGOEGMNO]@LN@ZFLNLNCFN]@K@LB@NZKDf
DB@`@ZGOEGMN
@f@VBUKCENM@N@NMEFZGONHIB@LK@MKLKD@ZBON\BMNEF^ND@TNMN@FCEKf
WMNHIB]@FCEKMZU\FB@K@TMBUBHIB@LN@LF^KMDFLNLK@ZGOEGMNO@K@ZFLNLNf
CFN
@f@BMFKCENM@K@DGTKM^FDFBCNM@NHzKD@LK@NMEFZGONHIB@K@TMBEKHIB@K@
TMBUBHIB@LN@LF^KMDFLNLK@LND@KSTMKDDzKD@ZGOEGMNFD
@f@DGTKM^FDFBCNM@B@TONCKNUKCEB]@TNLMBCFhNHIB]@CBMUNEFhNf
HIB@K@FUTOKUKCENHIB@LBD@FCDEMGUKCEBD@TNMN@KSKZGHIB@LBD@TMBWMNf
UND]@TMBKEBD@K@NHzKD@LN@KZMKENMFN

?MEa@Pa@@<@KZMKENMFN@LN@AFLNLNCFN@K@LN@F^KMDFLNLK@AGOEGMNO@
ZBUTKEK
@f@TONCKNM]@ZBBMLKCNM]@UBCFEBMNM@K@N^NOFNM@TBOEFZND]@TMBWMNf
UND]@TMBKEBD@K@NHzKD@TNMN@N@TMBUBHIB@LN@ZFLNLNCFN@K@LN@LF^KMDFf
LNLK@ZGOEGMNO@\MNDFOKFMN
@f@TMBUB^KM@K@VBUKCENM@TMBWMNUND]@TMBKEBD@K@NHzKD@gGK@
NUTOFKU@N@ZNTNZFLNLK@LK@MKZBC_KZFUKCEB]@TMBEKHIB]@^NOBMFhNHIB@
K@LFVGDIB@LB@TNEMFUYCFB]@LN@UKUcMFN]@LND@FLKCEFLNLKD]@K@LND@KSf
TMKDDzKD]@TMeEFZND@K@UNCFVKDENHzKD@NMEDEFZND@K@ZGOEGMNFD
@f@MKZBC_KZKM@K@^NOBMFhNM@N@LF^KMDFLNLK@LND@KSTMKDDzKD@ZGOEGf
MNFD@K@N@ZMFNHIB@NMEDEFZN]@FCLF^FLGNO@BG@ZBOKEF^N]@LK@WMGTBD@ECFZBD@
K@DGND@LKMF^NHzKD@DBZFNFD
V


@f@TONCKNM@K@DGTKM^FDFBCNM@N@FUTOKUKCENHIB@LND@TNMZKMFND@
TNMN@NOBZNHIB@KVKEF^N@LBD@MKZGMDBD]@VBMENOKZFUKCEB@FCDEFEGZFBCNO@K@B@
ZGUTMFUKCEB@LN@OKWFDONHIB@^FWKCEK
@f@TONCKNM@K@DGTKM^FDFBCNM@N@KSKZGHIB@LND@NEF^FLNLKD@MKONf
EF^ND@`@MKZKTHIB]@NCeOFDK@LK@VBMUNOFLNLK]@ZBCVBMUFLNLK]@ZBCEMBOK]@
jqxiujkljisktxnsnpmqj~rj}xnwxmnuvxstxmnqo~tovjrmnriu~siskf
ENLBD
@f@DGTKM^FDFBCNM@N@KSKZGHIB@LND@NEF^FLNLKD@MKONEF^ND@`@ZKf
OK\MNHIB@K@`@TMKDENHIB@LK@ZBCEND@LBD@ZBC^CFBD]@NZBMLBD@K@BGEMBD@
FCDEMGUKCEBD@ZBCWCKMKD]@gGK@KC^BO^NU@N@EMNCDVKMCZFN@LK@MKZGMf
DBD]@CB@U\FEB@LK@DGN@eMKN@LK@NEGNHIB
@f@DG\DFLFNM@N@FUTOKUKCENHIB@LK@TMBWMNUND]@TMBKEBD@K@
NHzKD@TNMN@TMBUB^KM@N@ZFLNLNCFN@K@LF^KMDFLNLK
@f@DGTKM^FDFBCNM@N@KON\BMNHIB@LB@TONCKNUKCEB@K@BMHNUKCf
EB]@UBCFEBMNM@N@KSKZGHIB@K@N^NOFNM@BD@MKDGOENLBD@LBD@TMBWMNUND]@
TMBKEBD@K@NHzKD@LN@KZMKENMFN]@KU@ZBCVBMUFLNLK@ZBU@B@{ONCB@{OGf
MFNCGNO]@N@KF@LK@FMKEMFhKD@bMHNUKCEeMFND@f@b@K@N@KF@bMHNUKCf
EeMFN@?CGNO@f@b?
@f@DGTKM^FDFBCNM@NHzKD@TNMN@MKZK\KM]@NCNOFDNM]@UBCFEBMNM@K@
N^NOFNM@TMBKEBD@ZGOEGMNFD@LK@FCZKCEF^B@K
@f@DGTKM^FDFBCNM@NHzKD@TNMN@FCVBMUNHIB]@KLGZNHIB@K@ZBUGf
CFZNHIB@LN@KZMKENMFNa@

@f@BMFKCENM]@UBCFEBMNM@K@DGTKM^FDFBCNM@NHzKD@LN@AFCKUNEKf
qjnvjmr~srvjnsnwxnsktvxnXqkrqxnowrxyrmoj~n
?MEa@Pa@@<@FMKEBMFN@LK@!KDEIB@LK@{BOEFZND@?GLFB^FDGNFD@ZBUf
TKEK
@f@VBMUGONM@KDEGLBD@K@TONCBD@DKEBMFNFD@LK@LFMKEMFhKD@K@UKEND@
TNMN@TBOEFZND@NGLFB^FDGNFD]@ZBU@\NDK@CB@{ONCB@NZFBCNO@LK@AGOEGf
MN@K@CND@MKZBUKCLNHzKD@LB@ABCDKO_B@GTKMFBM@LK@AFCKUN
@f@KON\BMNM@KDEGLBD@TNMN@DG\DFLFNM@TBOEFZND]@LFMKEMFhKD@WKMNFD@
K@UKEND@TNMN@B@LKDKC^BO^FUKCEB@LN@FCLDEMFN@NGLFB^FDGNO@K@ZFCKf
ijtxvpqjnvjmr~srvj|njnmsvsinmoistrwjmnjxnxkms~lxn"ousvrxvn
LB@AFCKUN
@f@VBMUGONM]@KSKZGENM@K@NZBUTNC_NM@TMBWMNUND@LK@VBUKCEB@
`@ZNLKFN@TMBLGEF^N@LB@NGLFB^FDGNO]@FCZOGLBD@B@LKDKC^BO^FUKCEB@LK@
TMBZKDDBD@K@TMBKEBD]@VBMUNHIB]@ZNTNZFENHIB]@LFVGDIB@K@TMKDKM^NHIB@
LBD@NZKM^BD
@f@NZBUTNC_NM@TKDgGFDND]@KDEGLBD]@K@UNMZBD@MKWGONEcMFBD@DBf
\MK@TBOEFZN@NGLFB^FDGNO
@f@TMBTBM@K@FUTOKUKCENM@UKZNCFDUBD@LK@TMBUBHIB@K@LF^GOf
WNHIB@LB@NGLFB^FDGNO@\MNDFOKFMB@CB@KSEKMFBM
@f@TMBTBM@K@FUTOKUKCENM@UKZNCFDUBD@LK@NZBUTNC_NUKCEB@
wjmnjsmnwjn"sqvstjvrjnwxnowrxyrmoj~|nwjnrksijtsqjnvjmr~srvjn
K@LB@AKCEMB@ZCFZB@?GLFB^FDGNO
@f@TMBTBM@TBOEFZND@K@TMBWMNUND@FCEKMUFCFDEKMFNFD]@KU@U\Ff
EBD@VKLKMNO]@LFDEMFENO]@KDENLGNO@K@UGCFZFTNO@TNMN@B@LKDKC^BO^FUKCEB@
wxnjowrxyrmoj~nkxnvjmr~ns
@f@NZBUTNC_NM@N@KSKZGHIB@LK@NHzKD@TNMN@MKZK\KM]@NCNOFf
DNM@K@UBCFEBMNM@TMBKEBD@LK@ZBTMBLGHIB]@TMBLGHIB]@LFDEMF\GFHIB]@
ZBUKMZFNOFhNHIB]@KSF\FHIB@K@FCVMNKDEMGEGMN@MKONEF^ND@`D@NEF^FLNLKD@
qrksijtxvpqjmnsnjowrxyrmojrm|nuvsyrmtjmnkxnjvtnB@LB@KZMKEB@
CB@a]@LK@22a@

?MEa@Pa@@<@KZMKENMFN@LB@?GLFB^FDGNO@ZBUTKEK
@f@TMBTBM@TBOEFZN@CNZFBCNO@LB@ZFCKUN@K@LB@NGLFB^FDGNO]@N@DKM@
DG\UKEFLN@NB@ABCDKO_B@GTKMFBM@LB@AFCKUN
@f@TMBTBM@TBOEFZND]@LFMKEMFhKD@WKMNFD@K@UKEND@TNMN@B@LKDKCf
yx~yrisktxnwjnrkwmtvrjnjowrxyrmoj~nsnqrksijtxvpqjnvjmr~srvj|njn
DKMKU@DG\UKEFLND@NB@ABCDKO_B@GTKMFBM@LB@AFCKUN
@f@VBMUGONM@TBOEFZND]@LFMKEMFhKD@K@UKEND@TNMN@VBMUNHIB@K@ZNf
TNZFENHIB@NGLFB^FDGNO]@TMBLGHIB]@LFDEMF\GFHIB]@KSF\FHIB]@TMKDKM^Nf
}xnsnwrom}xnwsnqxktswxmnjowrxyrmojrmnsnqrksijtxvpqxmnvjmrf
OKFMBD]@MKDTKFENLND@ND@LFMKEMFhKD@LN@TBOEFZN@CNZFBCNO@LB@ZFCKUN@K@LB@
NGLFB^FDGNO@K@LB@{ONCB@NZFBCNO@LK@AGOEGMN
@f@NTMB^NM@TONCBD@WKMNFD@LK@UKEND@TNMN@TBOEFZND@NGLFB^FDGNFD@
snqrksijtxvpqjm|nsnjqxiujkljvnmojnssqo}x
@f@FCDEFEGFM@TMBWMNUND@LK@VBUKCEB]@ZNTNZFENHIB]@LFVGDIB@K@TMKf
msvyj}xnwsnjtryrwjwsmnqrksijtxvpqjmnsnjowrxyrmojrmnvjmr~srvjm
@f@NCNOFDNM]@NTMB^NM]@ZBBMLKCNM@K@DGTKM^FDFBCNM@N@NCeOFDK@K@
UBCFEBMNUKCEB@LBD@TMBKEBD@K@TMKDENHzKD@LK@ZBCEND@LND@NHzKD]@TMBf
vjijmnsnuvxstxmnpkjkqrjwxmnqxinvsqovmxmnrkqsktryjwxm|nuvsyrmf
EBD@CB@NMEa@B@LB@KZMKEB@CB@a]@LK@22
@f@FUTOKUKCENM@NHzKD@LK@NCeOFDK@LK@TMBKEBD]@K@LK@ZKOK\MNf
HIB]@NZBUTNC_NUKCEB@K@TMKDENHIB@LK@ZBCEND@LK@ZBC^CFBD]@NZBMLBD@
K@FCDEMGUKCEBD@ZBCWCKMKD@gGK@KC^BO^NU@N@EMNCDVKMCZFN@LK@MKZGMf
DBD@LB@bMHNUKCEB@!KMNO@LN@CFIB
nnuvxixysvnjnujvtrqruj}xnwsnxvjmnqrksijtxvpqjmnsnyrf
wsxxkxvpqjmnvjmr~srvjmnsinsmtryjrmnkjqrxkjrmnsnrktsvkjqrxkjrm
@f@KON\BMNM@NZBMLBD]@EMNENLBD@K@ZBC^KCHzKD@FCEKMCNZFBCNFD@
DB\MK@NGLFB^FDGNO@K@ZFCKUN@K@BMFKCENM@NHzKD@TNMN@DGN@NTOFZNHIB
>nnjuxrjvnjsmnujvjnrktskmrpqjvnxnrktsvq=irxnjowrxyrmoj~nsn
qrksijtxvpqxnqxinxotvxmnujmsm
@f@TONCKNM]@TMBUB^KM@K@ZBBMLKCNM@NHzKD@TNMN@LFVGCLFM]@TMKf
msvyjvnsnvskxyjvnxvjmnqrksijtxvpqjmnsnqxktswxmnjowrxyrmojrmn
vjmr~srvxm|nsnjsmnujvjnjnusmormj|nxvij}xnsnoj~rpqj}xnuvxf
pmmrxkj~nkxntsij
@f@TONCKNM]@ZBBMLKCNM@K@KSKZGENM@ND@NHzKD@ZBU@^FDEND@`@FUf
TONCENHIB@LB@ANCNO@LK@AGOEGMN]@TMK^FDEB@CB@KZMKEB@CB@aR2]@LK@Q@
LK@GC_B@LK@22
>nnvsuvsmsktjvnxnvjmr~nsinxvjkrmixmnsnsysktxmnrktsvkjf
qrxkjrmnvs~jtryxmnmnjtryrwjwsmnqrksijtxvpqjmnsnjowrxyrmojrmns

?MEa@Pa@@<@KZMKENMFN@LK@ZBCBUFN@AMFNEF^N@ZBUTKEK
@f@TMBTBM]@ZBCLGhFM@K@DG\DFLFNM@N@KON\BMNHIB]@FUTOKUKCENHIB@
K@N^NOFNHIB@LK@TONCBD@K@TBOEFZND@T\OFZND@TNMN@B@LKDKC^BO^FUKCEB@
LN@KZBCBUFN@ZMFNEF^N@\MNDFOKFMN
@f@TONCKNM]@TMBUB^KM]@FUTOKUKCENM@K@ZBBMLKCNM@NHzKD@TNMN@B@
LKDKC^BO^FUKCEB@LN@KZBCBUFN@ZMFNEF^N@\MNDFOKFMN
nnxvio~jvnsnjuxrjvnjsmnujvjnxvij}xnwsnuvxpmmrxkjrmnsn
siuvsskwswxvsmnqvrjtryxmnsnoj~rpqj}xnwsnsiuvsskwrisktxmnwxmn
DKEBMKD@ZMFNEF^BD
nnxvio~jv|nriu~sisktjvnsnjvtrqo~jvn~rkljmnwsnpkjkqrjisktxn
LK@NHzKD@LBD@DKEBMKD@ZMFNEF^BD@TNMN@VBMENOKZKM@DGN@ZNLKFN@TMBLGEF^N
@f@VBMUGONM@K@FUTOKUKCENM@VKMMNUKCEND@K@UBLKOBD@LK@CKWcf
ZFBD@LK@KUTMKKCLFUKCEBD@ZMFNEF^BD]@FDBONLNUKCEK@BG@KU@TNMZKMFN@
ZBU@BMWNCFDUBD@T\OFZBD@BG@TMF^NLBD
@f@FCDEFEGFM@TMBWMNUND@K@TMBKEBD@LK@NTBFB@N@NHzKD@LBD@DKEBMKD@
qvrjtryxm|nmsomnuvxpmmrxkjrmnsnsiuvsskwswxvsm|nujvjnjvtrqo~jvnsnxvf
ENOKZKM@UFZMB@K@TKgGKCBD@KUTMKKCLFUKCEBD@ZMFNEF^BD
@f@DG\DFLFNM@NHzKD@TNMN@TMBUB^KM@\KCD@K@DKM^FHBD@ZMFNEF^BD@
\MNDFOKFMBD@KU@K^KCEBD@CNZFBCNFD@K@FCEKMCNZFBCNFD]@KU@NMEFZGONHIB@
ZBU@N@FMKEBMFN@LK@KONHzKD@CEKMCNZFBCNFD
@f@NZBUTNC_NM@N@KON\BMNHIB@LK@EMNENLBD@K@ZBC^KCHzKD@FCf
EKMCNZFBCNFD@DB\MK@KZBCBUFN@ZMFNEF^N]@KU@NMEFZGONHIB@ZBU@BGEMBD@
cMWIBD@K@BMWNCFDUBD@T\OFZBD@K@TMF^NLBD
>nnjuxrjvnjsmnujvjnrktskmrpqjvnrktsvq=irxmntqkrqxmnsnwsn
WKDEIB@LBD@DKEBMKD@ZMFNEF^BD@ZBU@TNDKD@KDEMNCWKFMBD
>nnxisktjvnjnrwsktrpqj}x|nqvrj}xnsnwsmskyx~yrisktxnwsn
TBOBD]@ZFLNLKD@K@EKMMFEcMFBD@ZMFNEF^BD@TNMN@WKMNM@K@TBEKCZFNOFhNM@CBf
^BD@KUTMKKCLFUKCEBD]@EMN\NO_B@K@MKCLN@CBD@DKEBMKD@ZMFNEF^BD
W


DF^K@CND@eMKND@EZCFZND@K@LK@WKDEIB@LK@KUTMKKCLFUKCEBD@ZMFNEF^BD]@
yx~tjwxmnjnsmtowjktsm|nuvxpmmrxkjrmnsnsiuvsskwswxvsm
@f@NMEFZGONM@TNMZKMFND@ZBU@FCDEFEGFHzKD@WB^KMCNUKCENFD@K@CIB@
WB^KMCNUKCENFD@K@BMWNCFDUBD@FCEKMCNZFBCNFD]@TNMN@B@LKDKC^BO^Ff
UKCEB@LK@NHzKD@K@TMBWMNUND@LK@FCEKMZU\FB@LK@KSTKMFCZFND@KCEMK@
siuvsskwrisktxm|nsiuvsskwswxvsmnsnuvxpmmrxkjrmnqvrjtryxm
nnqvrjvnsnqxkmx~rwjvnvswsmnrktsvkjqrxkjrmnwsnuvxpmmrxkjrmnsn
KUTMKKCLFUKCEBD@ZMFNEF^BD@TNMN@N@TMBUBHIB@LN@ZFMZGONHIB]@LFDEMFf
\GFHIB]@ZBCDGUB@K@VMGFHIB@LK@\KCD@K@DKM^FHBD@ZMFNEF^BD
nnuvxuxvnsnriu~sisktjv|nsinujvqsvrjnqxinrkmtrtorsmnpf
kjkqsrvjm|n~rkljmnwsnpkjkqrjisktxnjnsiuvsskwrisktxmnsnsiuvsskf
LKLBMKD@ZMFNEF^BD@K
@f@TMBTBM@UKZNCFDUBD@NMEFZGONLBD@LK@KDEUGOB@K@FCZMKUKCf
EB@LN@KSTBMENHIB@LK@\KCD@K@DKM^FHBD@ZMFNEF^BDa

@f@NMEFZGONM@K@ZBCLGhFM@B@UNTKNUKCEB@LN@KZBCBUFN@ZMFNEF^N@
wxnvjmr~nujvjnrwsktrpqjvnyxqjsmnsnxuxvtokrwjwsmnwsnwsmskyx~yrf
UKCEB@OBZNO@K@MKWFBCNO
@f@ZMFNM@UKZNCFDUBD@LK@ZBCDBOFLNHIB@FCDEFEGZFBCNO@LK@FCDf
EMGUKCEBD@MKWGONEcMFBD@CB@DKEBM@LN@KZBCBUFN@ZMFNEF^N
@f@NMEFZGONM@GCEB@N@cMWIBD@T\OFZBD@N@FCDKMHIB@LN@EKUeEFZN@
LN@KZBCBUFN@ZMFNEF^N@CBD@DKGD@U\FEBD@LK@NEGNHIB
>nnmomrwrjvnxmnwsijrmnv}xmnwxn rkrmtvrxnsnsktrwjwsmn
^FCZGONLND@CN@VBMUGONHIB@LK@TBOEFZND@TNMN@N@TMBUBHIB@LN@KZBCBf
UFN@ZMFNEF^N@\MNDFOKFMN
@f@TONCKNM]@ZBBMLKCNM@K@KSKZGENM@NHzKD@TNMN@ZKOK\MNHIB@K@
TMKDENHIB@LK@ZBCEND@LBD@ZBC^CFBD]@NZBMLBD@K@FCDEMGUKCEBD@ZBCWf
ksvsm|nrkq~omrysnxmnosnskyx~yjinjntvjkmsv3kqrjnwsnvsqovmxmnpkjkf
ZKFMBD]@CB@U\FEB@LK@DGN@eMKN@LK@NEGNHIB@K
@f@KSKZGENM@NHzKD@TNMN@ZKOK\MNHIB@K@TMKDENHIB@LK@ZBCEND@
LBD@ZBC^CFBD]@NZBMLBD@K@FCDEMGUKCEBD@ZBCWCKMKD]@gGK@KC^BO^NU@
EMNCDVKMCZFN@LK@MKZGMDBD@LB@bMHNUKCEB@!KMNO@LN@CFIB]@CB@U\FEB@
LK@DGN@eMKN@LK@NEGNHIBa

?MEa@2a@@<@KZMKENMFN@LK@?MEFZGONHIB@CDEFEGZFBCNO@ZBUTKEK
@f@TMBUB^KM@N@NMEFZGONHIB@VKLKMNEF^N@TBM@UKFB@LB@FDEKUN@Nf
ZFBCNO@LK@AGOEGMN]@K@FCEKWMNM@TBOEFZND]@TMBWMNUND]@TMBKEBD@K@NHzKD@
qo~tovjrmnssqotjwjmnus~jn%kr}x|nmtjwxm|nrmtvrtxnswsvj~nsn okrf
ZTFBD]@ZBU@N@TNMEFZFTNHIB@LN@DBZFKLNLK
@f@NMEFZGONMfDK@ZBU@cMWIBD@K@KCEFLNLKD@T\OFZND@K@TMF^NLND@
^FDNCLB@NB@LKDKC^BO^FUKCEB@ZGOEGMNO]@DBZFNO@K@KZBCYUFZB@LB@{ND
@f@ZBBMLKCNM@ND@DKWGFCEKD@FCDECZFND@LK@NMEFZGONHIB]@TNZEGNf
HIB@K@LKOF\KMNHIB@LB@FDEKUN@NZFBCNO@LK@AGOEGMN@gGK@MKCKU@ND@
MKTMKDKCENHzKD@LB@DENLB@K@LN@BZFKLNLK
N@ABCDKO_B@NZFBCNO@LK@{BOEFZN@AGOEGMNO
\@ABCVKMCZFN@NZFBCNO@LK@AGOEGMN@K
Z@ABUFDDIB@CEKMWKDEBMKD@MFTNMEFEK
@f@NTBFNM@N@ZMFNHIB@K@FUTOKUKCENHIB@LBD@FDEKUND@LK@AGOEGf
vjnsnjnoj~rpqj}xnwjnsmt}xnqo~tovj~nwxmnmtjwxm|nrmtvrtxnswsvj~n
sn okrqurxm|
nnjuxrjvnxmnmtjwxm|nxnrmtvrtxnswsvj~nsnxmn okrqurxmnkjn
KON\BMNHIB@K@FCDEFEGZFBCNOFhNHIB@LBD@{ONCBD@LK@AGOEGMN
@@NMEFZGONM]@LK@VBMUN@FCEKMDKEBMFNO]@TBOEFZND]@TMBWMNUND]@
TMBKEBD@K@NHzKD@ZGOEGMNFD
@@FUTOKUKCENM@TBOEFZND@K@NHzKD@ZGOEGMNFD@KU@NMEFZGONHIB@
qxinmtjwxm|nrmtvrtxnswsvj~|nn okrqurxmnsnjmnsuvsmsktjsmn
KWFBCNFD
@f@KSKZGENM@NHzKD@TNMN@ZKOK\MNHIB@K@TMKDENHIB@LK@ZBCEND@
LBD@ZBC^CFBD]@NZBMLBD@K@FCDEMGUKCEBD@ZBCWCKMKD]@gGK@KC^BO^NU@
N@EMNCDVKMCZFN@LK@MKZGMDBD@LB@bMHNUKCEB@!KMNO@LN@CFIB@K
@f@TMKDENM@NTBFB@EZCFZB@K@NLUFCFDEMNEF^B@NB@A{Aa

vtn
ZnnUnrvstxvrjnwsnsmskyx~yrisktxnsn xkrtxvjisktxn
ZBUTKEK
@f@NMEFZGONM@TNMN@B\EKM]@GCEB@N@cMWIBD@K@KCEFLNLKD@T\OFZBD@
VKLKMNFD]@KDENLGNFD]@LFDEMFENFD@K@UGCFZFTNFD]@K@N@ZKCEMBD@LK@TKDgGFDN@
K@BMWNCFhNHzKD@CNZFBCNFD@TMF^NLBD@LK@LKDKC^BO^FUKCEB@K@VBUKCEB]@
FCVMNKDEMGEGMN@K@MKZGMDBD@CKZKDDeMFBD@`@ZMFNHIB@K@ZBCDBOFLNHIB@LK@
TBOBD@ZMFNEF^BD@OBZNFD]@MKWFBCNFD]@K@LK@\NFMMBD@ZMFNEF^BDa
nnrkqsktryjvnsnjuxrjvnjsmnwsn okrqurxmnujvjntvjkmxvijf
MKUfDK@KU@ZFLNLKD@ZMFNEF^ND]@VBUKCENCLB@N@ZMFNHIB@LK@GUN@MKLK@
CNZFBCNO
@f@ZBBMLKCNM]@NTBFNM@EKZCFZNUKCEK@K@KDEN\KOKZKM@TNMZKMFND@
GCEB@N@cMWIBD@K@FCDEFEGEBD@LK@TKDgGFDN@CNZFBCNFD@K@KDENLGNFD@TNMN@B@
UNTKNUKCEB@K@UBCFEBMNUKCEB@LBD@DKEBMKD@ZMFNEF^BD
@f@TMBUB^KM@KDEGLBD@FCEKMDKEBMFNFD@KU@TNMZKMFN@ZBU@BD@LKf
UNFD@cMWIBD@LB@!B^KMCB@JKLKMNO@gGK@EKC_NU@MKONHIB@LFMKEN@ZBU@BD@
DKEBMKD@ZMFNEF^BD
@f@DFDEKUNEFhNM]@BMWNCFhNM@K@LF^GOWNM@FCVBMUNHzKD@KDENEDEFZND@
wxmnuvxvjijmnsnuvxstxmnwxn rkrmtvrxnsnsktrwjwsmnyrkqo~jwjmnmxf
\MK@KZBCBUFN@ZMFNEF^N
@f@NTBFNM@EKZCFZNUKCEK@K@KDEN\KOKZKM@TNMZKMFND@K@NZBMLBD@LK@
qxxusvj}xnqxinmtjwxm|nrmtvrtxnswsvj~nsn okrqurxmnujvjnxvf
UGONHIB@LK@DKGD@{ONCBD@LK@ZBCBUFN@AMFNEF^N
@f@NZBUTNC_NM@ND@NHzKD@LND@ZUNMND@K@ZBOKWFNLBD@DKEBMFNFD@
wxn rkrmtvrxnsnsktrwjwsmnyrkqo~jwjmns
@f@NMEFZGONM]@GCEB@NBD@cMWIBD@ZBUTKEKCEKD]@N@TMBTBDFHIB@
LK@UNMZBD@MKWGONEcMFBD@EMF\GEeMFBD]@TMK^FLKCZFeMFBD]@EMN\NO_FDEND@K@
wsnuvxuvrswjwsnrkts~sqtoj~nosnjtskwjinmnsmusqrpqrwjwsmnwxmnsif
uvsskwrisktxmnsnuvxpmmrxkjrmnqvrjtryxmnvjmr~srvxm

?MEa@Pa@@<@FMKEBMFN@LB@FDEKUN@NZFBCNO@LK@AGOEGMN@K@{MBWMNf
UND@CEKWMNLBD@ZBUTKEK
@f@ZBBMLKCNM@N@FUTOKUKCENHIB@K@B@VGCZFBCNUKCEB@LB@FDEKUN@
NZFBCNO@LK@AGOEGMN]@K@LF^GOWNM@DGND@NHzKD
@f@ZBBMLKCNM@N@VBMUGONHIB@K@FUTOKUKCENHIB@LK@KDEMNEWFND@
K@UKZNCFDUBD@TNMN@VBMENOKZKM@MKONHzKD@VKLKMNEF^ND@CB@ZNUTB@LN@
ZGOEGMN
nnqxxvwskjvnjnjvtrqo~j}xnwsnjsmnwxn rkrmtvrx|nsktrwjwsmn
^FCZGONLND@K@KTMKDKCENHzKD@KWFBCNFD
@f@TONCKNM]@FUTOKUKCENM]@UBCFEBMNM@K@ZBBMLKCNM@N@NMEFZGONf
HIB@ZBU@BGEMBD@cMWIBD@LB@!B^KMCB@VKLKMNO@TNMN@NHzKD@ZGOEGMNFD
@f@NMEFZGONM@NHzKD@LK@ZBBTKMNHIB@EZCFZN@ZBU@DENLBD]@FDEMFf
txnswsvj~nsn okrqurxmnujvjnxvtj~sqsvnjnsmt}xnwsmqsktvj~rjwjnwsn
TMBWMNUND]@TMBKEBD@K@NHzKD@ZGOEGMNFD@K
@f@ZBBMLKCNM@BD@TMBZKDDBD@LK@FCEKMfMKONHIB@KCEMK@BD@KCEKD@VKf
wsvjwxmnsnxmnwrysvmxmnv}xmnwxn rkrmtvrx|nsnmojmnsktrwjwsmnyrkqof
ONLND]@^FDNCLB@NB@NTMFUBMNUKCEB@LB@FDEKUN@NZFBCNO@LK@AGOEGMNa

?MEa@PQa@@<@FMKEBMFN@LK@UTMKKCLKLBMFDUB]@!KDEIB@K@CB^Nf
HIB@ZBUTKEK
@f@NMEFZGONM@ZBU@cMWIBD@K@KCEFLNLKD@T\OFZBD@B@LKDKC^BO^Ff
UKCEB@LK@TMBWMNUND@K@TMBKEBD@LK@NTBFB@NBD@KUTMKKCLFUKCEBD]@
siuvsskwswxvsmnsnuvxpmmrxkjrmnqvrjtryxm
@f@TONCKNM]@FUTOKUKCENM@K@NTBFNM@N@ZMFNHIB@K@KDEMGEGMNHIB@LK@
FCZG\NLBMND@LK@KUTMKKCLFUKCEBD@ZMFNEF^BD]@KU@TNMZKMFN@ZBU@FCDEFf
torsmnswsvjrmnwsnskmrkx|nmtjwxm|nrmtvrtxnswsvj~nsn okrqurxm
@f@KDEFUGONM@K@TMBUB^KM@TMeEFZND@ZBON\BMNEF^ND@K@N@ZBCDEFf
tor}xnwsnvouxmnsnvswsmnwsnuvxpmmrxkjrmnqvrjtryxmnsnxvjkrjsmn
NDDBZFNEF^ND@gGK@TMBUB^NU@B@EMN\NO_B@TNMEFZFTNEF^B@K@ZBON\BMNEF^B@
TNMN@VBMENOKZKM@N@KZBCBUFN@ZMFNEF^N@\MNDFOKFMN
@f@VBUKCENM@TMBWMNUND@LK@VBMUNHIB@TNMN@B@LKDKC^BO^FUKCEB@
LK@ZBUTKECZFND@ZMFNEF^ND@CND@FCDEFEGFHzKD@LK@KCDFCB@LB@{ND]@FCZOGf

?MEa@a@@<@KZMKENMFN@LK@JBUKCEB@K@CZKCEF^B@`@AGOEGMN@ZBUf
TKEK
Y


@f@VBMUGONM@LFMKEMFhKD@WKMNFD@K@LNM@TG\OFZFLNLK@NBD@ZMFEMFBD@LK@
NOBZNHIB@K@LK@GDB@LBD@UKZNCFDUBD@LK@VBUKCEB@K@FCZKCEF^B@`@ZGOf
EGMN@K@LB@JGCLB@NZFBCNO@LN@AGOEGMN]@KU@ZBCGCEB@ZBU@ND@BGEMND@
okrwjwsmnwxn rkrmtvrx
@f@LKDKC^BO^KM]@TMBTBM@K@KSKZGENM@UKZNCFDUBD@LK@VBUKCEB@K@
FCZKCEF^B@TNMN@TMBWMNUND@K@TMBKEBD@ZGOEGMNFD
@f@TONCKNM]@ZBBMLKCNM@K@DGTKM^FDFBCNM@N@BTKMNZFBCNOFhNHIB@
LB@{MBWMNUN@NZFBCNO@LK@?TBFB@`@AGOEGMN@f@{b?A
@f@TONCKNM]@ZBBMLKCNM]@DGTKM^FDFBCNM]@TMBUB^KM]@ZBCEMBONM@K@
N^NOFNM@ND@NHzKD@LK@NCeOFDK]@NTMB^NHIB@K@UBCFEBMNUKCEB@LK@TMBKEBD@
ZGOEGMNFD@NTMKDKCENLBD@ZBU@^FDEND@NBD@UKZNCFDUBD@LK@VBUKCEB@K@
FCZKCEF^B@`@ZGOEGMN
@f@KSKZGENM@NHzKD@TNMN@ZKOK\MNHIB@K@NCeOFDK@LK@TMKDENHIB@LK@
ZBCEND@LBD@ZBC^CFBD]@NZBMLBD@K@FCDEMGUKCEBD@ZBCWCKMKD]@gGK@KCf
^BO^NU@EMNCDVKMCZFN@LK@MKZGMDBD@LB@bMHNUKCEB@!KMNO@LN@CFIB]@
CB@U\FEB@LK@DGN@eMKN@LK@NEGNHIB
@f@ZBBMLKCNM]@UBCFEBMNM@K@NCNOFDNM@N@TMKDENHIB@LK@ZBCEND@LK@
uvxvjijm|nuvxstxmnsnjsm|npkjkqrjwxmnqxinvsqovmxmnrkqsktryjf
LBD]@CB@U\FEB@LK@DGN@eMKN@LK@NEGNHIB
@f@ZBOKENM@LNLBD]@UNTKNM@K@MKNOFhNM@KDEGLBD@DB\MK@UBLKOBD@K@
DFDEKUND@T\OFZBD@LK@VBUKCEB@K@FCZKCEF^B@`@ZGOEGMN
@f@TONCKNM]@FUTOKUKCENM@K@NTBFNM@NHzKD@TNMN@VBMUNHIB@LK@
jsktsmnqo~tovjrmnsnoj~rpqj}xnwsnmrmtsijmnwsnxisktxnsnrkqsktryxn
`@ZGOEGMN
@f@@TMBTBM@K@FUTOKUKCENM@CB^BD@UKZNCFDUBD@LK@VBUKCEB@K@
FCZKCEF^B@`@ZGOEGMN]@FDBONLNUKCEK@BG@KU@TNMZKMFN@ZBU@BMWNCFDUBD@
T\OFZBD@BG@TMF^NLBD@K
@f@TMKDENM@DGTBMEK@EZCFZB@K@NLUFCFDEMNEF^B@`@ABUFDDIB@Nf
ZFBCNO@LK@CZKCEF^B@`@AGOEGMN@K@`@ABUFDDIB@LB@JGCLB@NZFBCNO@LN@
AGOEGMNa
?MEa@a@@<@FMKEBMFN@LK@CZKCEF^B@`@AGOEGMN@ZBUTKEK
@f@TONCKNM]@ZBBMLKCNM@K@KSKZGENM@ND@NEF^FLNLKD@MKONEF^ND@`@
vsqsu}x|njk~rms|nqxktvx~s|njqxiujkljisktx|npmqj~rj}x|njyjf
OFNHIB@K@TMKDENHIB@LK@ZBCEND@LK@TMBKEBD@ZGOEGMNFD]@CB@U\FEB@LN@
KZMKENMFN
nnjotxvrjv|njqxiujkljvnsnqxktvx~jvnjnssqo}xnpkjkqsrvjnwsn
TMBKEBD@NTMB^NLBD@CB@U\FEB@LN@KZMKENMFN
@f@NZBUTNC_NM@B@TMBZKDDB@LK@N\KMEGMN@LK@ZBCEND@ZBMMKCEKD]@
ZBCEMBONM@DNOLBD@K@MKNOFhNM@ND@EMNCDVKMCZFND@LK@MKZGMDBD
@f@NZBUTNC_NM@N@KSKZGHIB@LBD@TMBWMNUND@K@TMBKEBD@LK@FCf
qsktryxmnpmqjrmnjuvxyjwxmnkxn=irtxnwjn"sqvstjvrjns
@f@KON\BMNM@K@LF^GOWNM@MKONEcMFBD@LK@NZBUTNC_NUKCEB@K@N^Nf
OFNHIB@LBD@MKDGOENLBD@LBD@TMBKEBD@NTMB^NLBD@CB@U\FEB@LN@KZMKf
ENMFNa
vtnnnUnrvstxvrjnwsnsmt}xnwsn sqjkrmixmnwsnxisktxn
ZBUTKEK
@f@UNTKNM]@LFNWCBDEFZNM]@TONCKNM]@TMBTBM@K@FUTOKUKCENM@CB^ND@
UBLNOFLNLKD@LK@@VBUKCEB@K@FCZKCEF^B@TNMN@BD@TMBWMNUND@K@TMBKEBD@
ZGOEGMNFD]@FDBONLNUKCEK@BG@KU@TNMZKMFN@ZBU@BMWNCFDUBD@T\OFZBD@
K@TMF^NLBD
nnuvxuxvnkxvijmnsnwspkrvnuvxqswrisktxmnujvjnriu~siskf
ENHIB]@UBCFEBMNUKCEB@K@N^NOFNHIB@LK@UKZNCFDUBD@LK@VBUKCEB@K@
FCZKCEF^B@`@ZGOEGMN
nnuvxuxvnkxvijmnsnwspkrvnqvrtvrxmnsnuvxqswrisktxmnujvjnjf
vjktrvnijrxvnspqr3kqrj|nspqqrjnsnoj~rwjwsnwxmnujvsqsvsmnvs~jtryxmn
N@TMBKEBD@ZGOEGMNFD@NTMKDKCENLBD@CB@U\FEB@LB@{b?A
@f@ZNTNZFENM@KUTMKKCLKLBMKD@NWKCEKD@ZGOEGMNFD@T\OFZBD@K@
TMF^NLBD]@KUTMKDND@K@WKDEBMKD@ZGOEGMNFD@TNMN@NDDKWGMNM@B@NZKDDB@
NBD@UKZNCFDUBD@LK@VBUKCEB@K@FCZKCEF^B]@K@NTMFUBMNM@N@WKDEIB@LK@
TMBWMNUND@K@TMBKEBD@^FN\FOFhNLBD@CB@U\FEB@LB@{b?A
[

@f@TMBLGhFM@FCVBMUNHzKD@WKMKCZFNFD@K@FCLFZNLBMKD@LK@LKDKUf
TKC_B@DB\MK@BD@UKZNCFDUBD@LK@VBUKCEB@K@FCZKCEF^B@LBD@TMBWMNUND@
K@TMBKEBD@^FN\FOFhNLBD
@f@TONCKNM]@ZBBMLKCNM@K@NZBUTNC_NM@ND@eMKND@LK@NEGNHIB@LB@
{b?A@CB@MKONZFBCNUKCEB@ZBU@ND@KTMKDKCENHzKD@KWFBCNFD@K@
KCEFLNLKD@^FCZGONLND
@f@TONCKNM]@ZBBMLKCNM@K@NZBUTNC_NM]@EZCFZN@K@NLUFCFDf
EMNEF^NUKCEK]@BD@EMN\NO_BD@LN@ABUFDDIB@NZFBCNO@LK@CZKCEF^B@`@
AGOEGMN@K@LN@ABUFDDIB@LB@JGCLB@NZFBCNO@LN@AGOEGMN
@f@TONCKNM]@ZBBMLKCNM@K@NZBUTNC_NM@ND@NHzKD@FUTOKUKCf
ENLND@TNMN@NEKCLKM@BD@TMBTBCKCEKD@LK@TMBKEBD@NTMKDKCENLBD@CB@Uf
\FEB@LB@{b?A
@f@KON\BMNM@K@DG\UKEKM@`D@FCDECZFND@ZBUTKEKCEKD@BD@KLFENFD@
LBD@TMBZKDDBD@DKOKEF^BD@LBD@TMBWMNUND@K@TMBKEBD@FCZKCEF^NLBD@K
@f@ZBCEMBONM]@DGTKM^FDFBCNM@K@NZBUTNC_NM@N@KSKZGHIB@LBD@
ZBC^CFBD@K@LK@BGEMBD@FCDEMGUKCEBD@LK@MKTNDDK@LK@MKZGMDBD@NTMB^Nf
LBD@CB@U\FEB@LN@KZMKENMFNa
1/;;;
5/:/5
?MEa@a@@<D@KTMKDKCENHzKD@KWFBCNFD]@KU@DGND@MKDTKZEF^ND@
N\MNCWCZFND@EKMMFEBMFNFD@NLUFCFDEMNEF^ND]@ZBUTKEK
nnjmmrmtrvnjxn rkrmtvxnwsnmtjwxnsnwsijrmnwrvrsktsmnwxn rkrmf
EMFB@CN@MKTMKDKCENHIB@TBOEFZN@K@DBZFNO
nnmomrwrjvnxn rkrmtvrxnkjnxvio~j}xnsnjyj~rj}xnwsnmojmn
TBOEFZND]@TMBWMNUND]@TMBKEBD@K@NHzKD
nnmomrwrjvnxn rkrmtvrxnkjnjvtrqo~j}xnqxinxmnv}xmnwjn
%kr}x|nmtjwxm|nrmtvrtxnswsvj~|n okrqurxmnsnqxinxvjkrjsmn
TMF^NLND
@f@NEKCLKM@K@BMFKCENM@B@T\OFZB@gGNCEB@NBD@DKM^FHBD@TMKDENf
wxm|nuvxvjijm|nuvxstxmnsnjsmnwsmskyx~yrwxmnus~xn rkrmtvrxns
@f@TMKDENM@NTBFB@OBWDEFZB@K@BTKMNZFBCNO@NBD@K^KCEBD@MKNOFhNf
wxmnus~xn rkrmtvrx
1/;
5/:/6
?MEa@a@@?B@A{A@ZN\K@KSKMZKM@ND@ZBUTKECZFND@KDEN\KOKZFf
LND@CB@KZMKEB@CB@a2]@LK@@LK@NWBDEB@LK@22a
?MEa@a@@<@AA@ZN\K@KSKMZKM@ND@ZBUTKECZFND@KDEN\KOKZFLND@
CB@KZMKEB@CB@aP]@LK@@LK@N\MFO@LK@22a
?MEa@Ra@@<@AJA@ZN\K@KSKMZKM@ND@ZBUTKECZFND@KDEN\KOKZFLND@
CB@KZMKEB@C@aP]@LK@22a
?MEa@Qa@@?B@AA@ZN\K@KSKMZKM@ND@ZBUTKECZFND@KDEN\KOKZFLND@
CB@KZMKEB@CB@aRR]@LK@P@LK@BGEG\MB@LK@22a
693780/;
591/934;47;<\21/501/5;4;2:321
1/;
5/1]^2_6
?MEa@2a@@?B@KZMKEeMFBfSKZGEF^B@ZBUTKEK
@f@ZBBMLKCNM@K@DGTKM^FDFBCNM@BD@cMWIBD@FCEKWMNCEKD@LN@KDEMGEGf
vjnwxn rkrmtvrx
nnmoistsvnjxn rkrmtvxnwsnmtjwxnxnu~jkxnu~ovrjkoj~nsnxmn
u~jkxmnjkojrmnwxn rkrmtvrxnsnsktrwjwsmnyrkqo~jwjm
@f@DGTKM^FDFBCNM@K@N^NOFNM@N@FUTOKUKCENHIB@LBD@TMBKEBD@K@
jsmnwxn rkrmtvrx


nnqxxvwskjvnsnmousvyrmrxkjvnjnjvtrqo~j}xnwxmnv}xmnwxn rkrmtvrxnqxinxmnv}xmnqsktvjrmnwxmnmrmtsijmnjstxmnnvsjnwsnqxiust3kqrjn
LN@KZMKENMFNfSKZGEF^N@K
nnssvqsvnxotvjmnoksmnosn~lsnxvsinjtvrowjmnus~xn rkrmtvxnwsnmtjwx
1/;;
5/1]////5
?MEa@Pa@@?BD@KZMKEeMFBD@ZBUTKEK@TONCKNM]@LFMFWFM]@ZBBMLKCNM]@BMFKCENM]@NZBUTNC_NM@K@N^NOFNM@N@KSKZGHIB@LND@NHzKD@LND@NEF^FLNLKD@gGK@
FCEKWMNU@DGND@MKDTKZEF^ND@eMKND@K@KSKMZKM@BGEMND@NEMF\GFHzKD@gGK@O_KD@VBMKU@ZBUKEFLNDa
vtnnnxnlssnwsnjrkstsnwxn rkrmtvx|njxnxkmo~txvn`ovwrqx|njxmnrvstxvsm|njxn"omsqvstvrxnsnjxmnwsijrmnwrvrsktsmnqxiustsn
TONCKNM]@ZBBMLKCN@K@BMFKCENM@N@KSKZGHIB@LND@NHzKD@LND@GCFLNLKD@K@KSKMZKM@BGEMND@NEMF\GFHzKD@gGK@O_K@VBMKU@ZBUKEFLNDa
9:280/;;
/a79540/52 0:13493;0/501/69401/2 /60 ;11=0/2/591/>7:<\21/493;>;69591/50/ ;:;134;0/59/
6783749.
8 6
61

@
@
@
5

 121
5
@
@
@
@
ABBMLKCNHIBf!KMNO@LK@?TBFB@?LUFCFDEMNEF^B
ABBMLKCNHIB
F^FDIB
KM^FHB
@
bG^FLBMFN
@ABBMLKCNHIB
@F^FDIB
@
?DDKDDBMFN@{NMONUKCENM
ABBMLKCNHIB
@
?DDKDDBMFN@LK@ABUGCFZNHIB@BZFNO
KM^FHB
ABBMLKCNHIB
F^FDIB
@
ABBMLKCNHIBf!KMNO@LK@AKMFUBCFNO
F^FDIB
5
017412
4
g1h1782

@
@
@
@
@
@

7
43b8 cd35 e

P
P
@
P
P

@
P

@
P

P
@
P

@
P
P

@
P

@
P
P

@


61 3f 
cd3
?DDKDDBM@DTKZFNO
?DDKDDBM@DTKZFNO@LK@ABCEMBf
OK@CEKMCB
?DDKDDBM@ZCFZB
@
A_KVK@LK@!N\FCKEK
!KMKCEK@LK@{MBKEB
?DDKDDBM@ZCFZB
?DDFDEKCEK
?DDFDEKCEK@ZCFZB
@
ABBMLKCNLBMf!KMNO
ABBMLKCNLBM
A_KVK
A_KVK
@
bG^FLBM
ABBMLKCNLBM
A_KVK
@
A_KVK@LK@?DDKDDBMFN
ABBMLKCNLBM
@U
A_KVK@LK@?DDKDDBMFN
A_KVK
ABBMLKCNLBM
A_KVK
@
ABBMLKCNLBMf!KMNO
A_KVK
@
KZMKEeMFBfSKZGEF^B
FMKEBM@LK@{MBWMNUN
?DDKDDBM
?DDKDDBM@ZCFZB
?DDFDEKCEK
?DDFDEKCEK@ZCFZB
@

156
0b5
P2a
P2a
P2a
@
P2Pa
P2Pa
P2a
P2a
P2aP
@
P2Pa
P2Pa
P2Pa
P2PaP
@
P2Pa
P2Pa
P2Pa
@
P2Pa
P2Pa
@
P2Pa
P2PaP
P2Pa
P2Pa
@
P2Pa
P2Pa
@

P2Pa
P2a
P2a
P2a
P2aP
@


8 6
61

!N\FCKEK
ABBMLKCNHIB
DTNHB@AGOEGMNO
@
@
@
@
"%"Xnn$9` 9f
X|ni 9Xnn 9"Xij
@
@
@F^FDIB
@
ABBMLKCNHIBf!KMNO@LK@KZCBOBWFN@LK@!KDEIB@
K@CB^NHIB@CDEFEGZFBCNO
ABBMLKCNHIB
F^FDIB
@
ABBMLKCNHIBf!KMNO@LK@{ONCKNUKCEB@KEBMFNO
ABBMLKCNHIB
F^FDIB
KM^FHB
@
ABBMLKCNHIBf!KMNO@LK@bMHNUKCEB]@JFCNCHND@
K@ABCEN\FOFLNLK
ABBMLKCNHIB
F^FDIB
@
ABBMLKCNHIBf!KMNO@LK@!KDEIB@LK@{KDDBND
F^FDIB
ABBMLKCNHIB
F^FDIB
KM^FHB
@
@
ABBMLKCNHIBf!KMNO@LK@KZGMDBD@BWDEFZBD
ABBMLKCNHIB
F^FDIB
KM^FHB
@
ABBMLKCNHIBf!KMNO@LK@FZFENHzKD@K@ABCEMNf
EBD
ABBMLKCNHIB
F^FDIB
KM^FHB
@
ABBMLKCNHIBf!KMNO@LK@KZCBOBWFN@LN@CVBMf
UNHIB
F^FDIB
ABBMLKCNHIB
F^FDIB
KM^FHB
@
ABBMLKCNHIBf!KMNO@LK@SKZGHIB@bMHNUKCf
EeMFN@K@JFCNCZKFMN
ABBMLKCNHIB
F^FDIB
KM^FHB

7
43b8 cd35 e
P
P
P

@
P
P

P
@
P

@
P

@
P

@
P
P

P
@
P

@
P

P
@
P
P

@
P

61 3f 
cd3
A_KVK
ABBMLKCNLBM
A_KVK
@
@
@
@
G\DKZMKEeMFB
!KMKCEK@LK@{MBKEB
?DDKDDBM@ZCFZB
A_KVK
@
ABBMLKCNLBMf!KMNO
ABBMLKCNLBM
A_KVK
@
ABBMLKCNLBMf!KMNO
ABBMLKCNLBM
A_KVK
A_KVK
@
ABBMLKCNLBMf!KMNO
ABBMLKCNLBM
A_KVK
@
ABBMLKCNLBMf!KMNO
A_KVK
ABBMLKCNLBM
A_KVK
A_KVK
?DDFDEKCEK@ZCFZB
@
ABBMLKCNLBMf!KMNO
ABBMLKCNLBM
A_KVK
A_KVK
@
ABBMLKCNLBMf!KMNO
ABBMLKCNLBM
A_KVK
A_KVK
@
ABBMLKCNLBMf!KMNO
A_KVK
ABBMLKCNLBM
A_KVK
A_KVK
@
ABBMLKCNLBMf!KMNO
ABBMLKCNLBM
A_KVK
A_KVK

156
0b5
P2Pa
P2Pa
P2Pa
J!fP
J!f
J!f
@
P2Pa
P2Pa
P2a
P2Pa
@
P2Pa
P2Pa
P2Pa
@
P2Pa
P2Pa
P2Pa
P2PaP
@
P2Pa
P2Pa
P2Pa
@
P2Pa
P2Pa
P2Pa
P2Pa
P2PaP
P2aP
@
P2Pa
P2Pa
P2Pa
P2PaP
@
P2Pa
P2Pa
P2Pa
P2PaP
@
P2Pa
P2Pa
P2Pa
P2Pa
P2PaP
@
P2Pa
P2Pa
P2Pa
P2PaP


8 6
61

@
b?@@?kl@?f
Ab?
@
ABBMLKCNHIB
@
ABBMLKCNHIBf!KMNO@LK@CEKWMNHIB@K@?DDGCEBD@
o~tr~jtsvjrm
@ABBMLKCNHIB
@
ABBMLKCNHIBf!KMNO@LK@ABBTKMNHIB@K@?DDGCf
txmnr~jtsvjrm
@ABBMLKCNHIB
@
b?@@b@Af
?
@
@
ABBMLKCNHIBf!KMNO@LK@KWGONHIB@KU@FMKFf
EBD@?GEBMNFD
ABBMLKCNHIB
@
ABBMLKCNHIBf!KMNO@LK@FVGDIB@K@LK@KWBf
ZFNHIB@KU@FMKFEBD@?GEBMNFD@K@LK@?ZKDDB@`@
AGOEGMN
ABBMLKCNHIB
@
Xnn "n"f
A?@@J??@Af
?
ABBMLKCNHIB
F^FDIB
KM^FHB
@
ABBMLKCNHIBf!KMNO@LK@!KDEIB
ABBMLKCNHIB
@
ABBMLKCNHIBf!KMNO@LK@CVMNKDEMGEGMN@AGOf
EGMNO
ABBMLKCNHIB
5
73 089234
5m84n67

@
ABBMLKCNHIB
KM^FHB
@
ABBMLKCNHIBf!KMNO@LK@FMKFEB@LN@AGOEGMN
ABBMLKCNHIB
@
ABBMLKCNHIBf!KMNO@LK@?DDGCEBD@?LUFCFDEMNf
EF^BD@K@dGLFZFNFD
ABBMLKCNHIB
@
ABBMLKCNHIBf!KMNO@LK@ABC^CFBD@K@LFENFD@
LK@KOKHIB@{\OFZN
ABBMLKCNHIB
5
017412
4
561539n27
05
789284
0
!N\FCKEK

7
43b8 cd35 e
@
P
P
P
@
P
P
@
P
P
@
P
P
@
P

61 3f 
cd3
@
FMKEBM
?DDFDEKCEK@ZCFZB
ABBMLKCNLBM
@
ABBMLKCNLBMf!KMNO
ABBMLKCNLBM
@
ABBMLKCNLBMf!KMNO
ABBMLKCNLBM
@
FMKEBM
?DDFDEKCEK
@
ABBMLKCNLBMf!KMNO
ABBMLKCNLBM
@

156
0b5
@
P2Pa
P2aP
P2Pa
@
P2Pa
P2Pa
@
P2Pa
P2Pa
@
P2Pa
P2a
@
P2Pa
P2Pa
@

ABBMLKCNLBMf!KMNO

P2Pa

ABBMLKCNLBM
@

P2Pa
@

FMKEBM

P2Pa

P
P
@
P
P
@
P
P
@
P
P
P
P
@
P

@
P
P
@
P
P
@
P
P

ABBMLKCNLBM
A_KVK
A_KVK
@
ABBMLKCNLBMf!KMNO
ABBMLKCNLBM
@
ABBMLKCNLBMf!KMNO
ABBMLKCNLBM
@
ABCDGOEBM@dGMLFZB
?DDFDEKCEK@ZCFZB
ABBMLKCNLBM
A_KVK
o
ABBMLKCNLBMf!KMNO
ABBMLKCNLBM
@
ABBMLKCNLBMf!KMNO
ABBMLKCNLBM
@
ABBMLKCNLBMf!KMNO
ABBMLKCNLBM
@
KZMKEeMFB
A_KVK

P2Pa
P2Pa
P2PaP
@
P2Pa
P2Pa
@
P2Pa
P2Pa
@
P2Pa
P2aP
P2Pa
P2PaP
o
P2Pa
P2Pa
@
P2Pa
P2Pa
@
P2Pa
P2Pa
@
P2Pa
P2Pa

1


8 6
61

ABBMLKCNHIB
KM^FHB
@
Xnn"X%"nn 9Xf
9Xnn$pX"n%$X%"
xxvwskj}xsvj~nwsn xkrtxvjisktxnwsn
CVBMUNHzKD@AGOEGMNFD
ABBMLKCNHIB
@
ABBMLKCNHIBf!KMNO@LK@AGOEGMN@FWFENO
ABBMLKCNHIB
@
ABBMLKCNHIBf!KMNO@LB@{ONCB@NZFBCNO@LK@
AGOEGMN
ABBMLKCNHIB
F^FDIB
KM^FHB
@
Xnn%ijnn %f
9ijnnn%$X%
ABBMLKCNHIBf!KMNO@LK@AGOEGMN@K@LGZNHIB
ABBMLKCNHIB
F^FDIB
@
ABBMLKCNHIBf!KMNO@LK@AGOEGMN@K@ABUGCFf
ZNHIB
ABBMLKCNHIB
KM^FHB
5
017412
4
56
576
6

5156
5
61406
615789284
9
@
@
!N\FCKEK
ABBMLKCNHIB
KM^FHB
@
b?@?@A???@@?@f
?@A?
@
@
ABBMLKCNHIBf!KMNO@LK@{MBWMNUND@K@{MBKEBD@
AGOEGMNFD
ABBMLKCNHIB
F^FDIB
@
ABBMLKCNHIBf!KMNO@LK@ABBTKMNHIB]@?MEFZGf
ONHIB@K@CVBMUNHIB
ABBMLKCNHIB
F^FDIB
KM^FHB
@
ABBMLKCNHIBf!KMNO@LK@?ZBUTNC_NUKCEB@K@
JFDZNOFhNHIB
ABBMLKCNHIB
F^FDIB
KM^FHB
5
017412
4
5635
86308
9
@

7
43b8 cd35 e
P
P
@
P
P

@
P

@
P

P
P
@
P
P
P
P
@
P
P
P
@
P
P
P
P

@
P
P
@
P

@
P

P
@
P

@
P
@
7

61 3f 
cd3
ABBMLKCNLBM
A_KVK
@
FMKEBM
ABBMLKCNLBMf!KMNO
ABBMLKCNLBM
@
ABBMLKCNLBMf!KMNO
ABBMLKCNLBM
@
ABBMLKCNLBMf!KMNO
ABBMLKCNLBM
A_KVK
A_KVK
@
FMKEBM
ABBMLKCNLBMf!KMNO
ABBMLKCNLBM
A_KVK
@
ABBMLKCNLBMf!KMNO
ABBMLKCNLBM
A_KVK
@
KZMKEeMFB
?DDKDDBM
?DDKDDBM@ZCFZB
A_KVK
ABBMLKCNLBM
A_KVK
@
FMKEBM
?DDKDDBM@ZCFZB
@
ABBMLKCNLBMf!KMNO
ABBMLKCNLBM
A_KVK
@
ABBMLKCNLBMf!KMNO
ABBMLKCNLBM
A_KVK
A_KVK
@
ABBMLKCNLBMf!KMNO
ABBMLKCNLBM
A_KVK
A_KVK
@
KZMKEeMFB
@

156
0b5
P2Pa
P2PaP
@
P2Pa
P2Pa
P2Pa
@
P2Pa
P2Pa
@
P2Pa
P2Pa
P2Pa
P2PaP
@
P2Pa
P2Pa
P2Pa
P2Pa
@
P2Pa
P2Pa
P2PaP
@
P2Pa
P2a
P2a
P2Pa
P2Pa
P2PaP
@
P2Pa
P2a
@
P2Pa
P2Pa
P2Pa
@
P2Pa
P2Pa
P2Pa
P2PaP
@
P2Pa
P2Pa
P2Pa
P2PaP
@
P2Pa
@


8 6
61

!N\FCKEK
@
@
ABBMLKCNHIB
F^FDIB
@
Xnn"Xjnn$pXf
A?@?b?
@
ABBMLKCNHIBf!KMNO@LK@KDKC^BO^FUKCEB@
GDEKCEe^KO@LB@?GLFB^FDGNO
@
ABBMLKCNHIBf!KMNO@LK@CZKCEF^B@K@JBUKCEB@
`D@?EF^FLNLKD@?GLFB^FDGNFD
F^FDIB
ABBMLKCNHIB
F^FDIB
@
ABBMLKCNHIBf!KMNO@LK@CB^NHIB]@ABC^KMf
WCZFN@K@{ONENVBMUND@?GLFB^FDGNFD
ABBMLKCNHIB
5
AKCEMB@ZCFZB@LB@?GLFB^FDGNO
ABBMLKCNHIB
F^FDIB
@
@
5
rksijtsqjnvjmr~srvj
ABBMLKCNHIB
5
017412
4
5615173 3f 
574
g
2

@
@
!N\FCKEK
F^FDIB
@
Xnn"9$ 9Xnn
9X 9X
@
ABBMLKCNHIBf!KMNO@LK@?HzKD@DEMGEGMNCEKD
ABBMLKCNHIB
@
ABBMLKCNHIBf!KMNO@LK@KDKC^BO^FUKCEB@LK@
{MBKEBD@CEKWMNLBD
F^FDIB
@
Xnn 9"f
|n"Xjnn9ij
@
ABBMLKCNHIBf!KMNO@LK@?HzKD@UTMKKCLKf
LBMND
ABBMLKCNHIB
@
ABBMLKCNHIBf!KMNO@LK@{MBUBHIB@K@FVGDIB
ABBMLKCNHIB
F^FDIB
5

7
43b8 cd35 e
P
P
P

@
P
@
P
@
P
P

P
@
P
P
@
P

@
P

@
P
P
@
P
P
@
P
@
P

@
P

@
P
@
P
P
@
P
P
P
@
8

61 3f 
cd3
A_KVK
?DDFDEKCEK@ZCFZB
?DDKDDBM@ZCFZB
ABBMLKCNLBM
A_KVK
@
FMKEBM
@
ABBMLKCNLBMf!KMNO
@
ABBMLKCNLBMf!KMNO
A_KVK
ABBMLKCNLBM
A_KVK
@
ABBMLKCNLBMf!KMNO
ABBMLKCNLBM
@
ABBMLKCNLBMf!KMNO
ABBMLKCNLBM
A_KVK
@
@
@
ABBMLKCNLBMf!KMNO
ABBMLKCNLBM
@
KZMKEeMFB
?DDFDEKCEK@ZCFZB
@
A_KVK
A_KVK
@
FMKEBM
@
ABBMLKCNLBMf!KMNO
ABBMLKCNLBM
@
ABBMLKCNLBMf!KMNO
A_KVK
@
FMKEBM
@
ABBMLKCNLBMf!KMNO
ABBMLKCNLBM
@
ABBMLKCNLBMf!KMNO
ABBMLKCNLBM
A_KVK
@

156
0b5
P2Pa
P2aP
P2a
P2Pa
P2Pa
@
P2Pa
@
P2Pa
@
P2Pa
P2Pa
P2Pa
P2Pa
@
P2Pa
P2Pa
@
P2Pa
P2Pa
P2Pa
J!fP
J!f
@
P2Pa
P2Pa
@
P2Pa
P2aP
@
P2Pa
P2Pa
@
P2Pa
@
P2Pa
P2Pa
@
P2Pa
P2Pa
@
P2Pa
@
P2Pa
P2Pa
@
P2Pa
P2Pa
P2Pa


8 6
61
017412
4
5615
42789
cd35
 022873
9
@
!N\FCKEK
ABBMLKCNHIB
@
Xnn""X n99$n
n%$X%nn "n9Xf
!?b
ABBMLKCNHIBf!KMNO@LK@CDEMGUKCEBD@LK@!KDf
EIB@LB@FDEKUN@NZFBCNO@LK@AGOEGMN
ABBMLKCNHIB
F^FDIB
@
ABBMLKCNHIBf!KMNO@LK@CDEFEGZFBCNOFhNHIB@
sn xkrtxvjisktxnwxn"rmtsijn9jqrxkj~nwsn
AGOEGMN
ABBMLKCNHIB
@
ABBMLKCNLBMf!KMNO@LK@?MEFZGONHIB@CEKMDKf
txvrj~|ns~jsmnswsvjtryjmnsn xr~rj}xn
BZFNO
ABBMLKCNHIB
@
ABBMLKCNHIBf!KMNO@LK@CDECZFND@LK@?MEFZGf
ONHIB]@{NZEGNHIB@K@KOF\KMNHIB@LB@FDEKUN@
NZFBCNO@LK@AGOEGMN
ABBMLKCNHIB
F^FDIB
5
017412
4
56153f 1 23515 g
71 235q5789284

@
!N\FCKEK
ABBMLKCNHIB
F^FDIB
@
b?@@Ab@<@Af
?
ABBMLKCNHIBf!KMNO@LK@?CeOFDK@LK@{MBKEBD@
LK@CZKCEF^BD@JFDZNFD
F^FDIB
ABBMLKCNHIB
F^FDIB
@
ABBMLKCNHIBf!KMNO@LK@?ZBUTNC_NUKCEB@K@
?^NOFNHIB
F^FDIB
ABBMLKCNHIB
F^FDIB
@
ABBMLKCNHIBf!KMNO@LK@{MKDENHIB@LK@ABCEND
ABBMLKCNHIB
F^FDIB
@
Xnn"Xjnn 9"f
"nn 9X
@
ABBMLKCNHIBf!KMNO@LK@{MBKEBD@?TBFNLBD@
TKOB@JGCLB@NZFBCNO@LK@AGOEGMN
ABBMLKCNHIB

7
43b8 cd35 e
P
@
P

61 3f 
cd3
KZMKEeMFB
@
A_KVK
ABBMLKCNLBM
@

156
0b5
P2Pa
@
P2Pa
P2Pa
@

FMKEBM

P2Pa

P
P
P
@

ABBMLKCNLBMf!KMNO
ABBMLKCNLBM
A_KVK
@

P2Pa
P2Pa
P2Pa
@

ABBMLKCNLBMf!KMNO

P2Pa

P
@

ABBMLKCNLBM
@

P2Pa
@

ABBMLKCNLBMf!KMNO

P2Pa

P
@

ABBMLKCNLBM
@

P2Pa
@

ABBMLKCNLBMf!KMNO

P2Pa

P
@
P
P
P

P
@
P
P
P

@
P
P

@
P

@
P
@
P

ABBMLKCNLBM
A_KVK
@
KZMKEeMFB
?DDFDEKCEK@ZCFZB
A_KVK
ABBMLKCNLBM
A_KVK
@
FMKEBM
ABBMLKCNLBMf!KMNO
A_KVK
ABBMLKCNLBM
A_KVK
@
ABBMLKCNLBMf!KMNO
A_KVK
ABBMLKCNLBM
A_KVK
@
ABBMLKCNLBMf!KMNO
ABBMLKCNLBM
A_KVK
@
FMKEBM
@
ABBMLKCNLBMf!KMNO
ABBMLKCNLBM

P2Pa
P2Pa
@
P2Pa
P2aP
P2Pa
P2Pa
P2Pa
@
P2Pa
P2Pa
P2Pa
P2Pa
P2Pa
@
P2Pa
P2Pa
P2Pa
P2Pa
@
P2Pa
P2Pa
P2Pa
@
P2Pa
@
P2Pa
P2Pa

?


8 6
61

7
43b8 cd35 e

@
P

@
P

P
@
@

P
P

F^FDIB
@
ABBMLKCNHIBf!KMNO@LK@KDKC^BO^FUKCEB]@
ABCEMBOK@K@?^NOFNHIB
ABBMLKCNHIB
F^FDIB
@
ABBMLKCNHIBf!KMNO@LK@BMUNEFhNHIB@K@
bMFKCENHIB
ABBMLKCNHIB
F^FDIB
5
414101 2
cd35413
9
FTB@X?[
Xruxnrs
F^FDIB
KM^FHB

61 3f 
cd3
A_KVK
@
ABBMLKCNLBMf!KMNO
ABBMLKCNLBM
A_KVK
@
ABBMLKCNLBMf!KMNO
ABBMLKCNLBM
A_KVK
@
@
A_KVK
A_KVK
A_KVK
A_KVK

156
0b5
P2Pa
@
P2Pa
P2Pa
P2Pa
@
P2Pa
P2Pa
P2Pa
@
@
P2Pa
P2Pa
P2Pa
P2PaP

t/a79540/4217 0/52/671301/501/69401/2 /60 ;11=0/2/591/>7:<\21/493;>;69591/50/ ;:;134;0/

59/6783749.
028
cd35 3

028
cd35
28
9
6
0g8 2v43

934523g
7u63

9345232
9
w8
2x
w8
2x
2
9
P
]2
P
]2

]2
?@P2Pa
]R

P]R

P]R
?@P2Pa
]
P
R]22
P
R]22
?@P2Pa
]
P
PQ]2
P
PQ]2
?@P2Pa
P]QP
P2
Q]2
P2
Q]2
?@P2Pa
P]
Q
PP]R
P2Q
PR]
?@P2PaP
P]22

]22

]22
@
@
@
@
@
@
?@P2a
]

P]

P]22
?@P2a
]

P]P

Q]Q
?@P2a
P]QP
PR
]R
P
]
?@P2a
P]

Q]P

]
P]22
?@P2aP
R
R
P
P]22
|}~
}{|
|}}
~}~
0yez5{
J!fP
2]2
Q
]R2
Q
]R2
J!f
2]P
PQ
]R
PQ
]R
2]P
J!f

2]

2]
{
}{
{
}{
0yez5
2ez5{
|
{{
|{
~}

1h35
42 9:259 2:30/52/69401/2 /60 ;11=0
/
7u63

6
0g8 2v43

?@P2Pa
?@P2PaP
@
?@P2a
?@P2a
?@P2a
?@P2a
?@P2aP

P]
P]22
@
]
]
P]QP
P]
P]22

635f  75b5
5011bf 5

w261x
f
f
@
P

P
P


9345232
9
f
f
@
]
]
]
P]Q
P
V

6
5011bf 5b535f  75
w261x
P
P
@
f
f
f
f
f


9345232
9
P]Q
P
@
f
f
f
f
f

2ez5{55
0ze54  e5yg

||

g~

g{

./083;691/4049 91/2/9<\21/50/
;:;134;0/59/6783749./
mnu~jkxmnwsnqo~tovj|ns~jxvjwxmnus~xmnqxkms~lxmnwsnux~trqjnqo~tovj~|njnujvtrvnwjmnwrvstvrsmnwspkrwjmnkjmnqxksv3kqrjmnwsnqo~tovj|nt3in
uxvnpkj~rwjwsnxnu~jksjisktxnsnriu~sisktj}xnwsn/t@LK@OBCWB@TMNhB@TNMN@N@TMBEKHIB@K@TMBUBHIB@LN@LF^KMDFLNLK@ZGOEGMNO@
\MNDFOKFMNa@ABU@_BMFhBCEK@LK@LKh@NCBD]@BD@{ONCBD@LNMIB@ZBCDFDECZFN@NB@FDEKUN@NZFBCNO@LK@AGOEGMN@K@ZBCDEFEGKUfDK@CGU@FCDEMGUKCEB@
VGCLNUKCENO@CB@TMBZKDDB@LK@FCDEFEGZFBCNOFhNHIB@LND@TBOEFZND@T\OFZND@LK@ZGOEGMN@CB@TNDa@
xinjnjuvxyj}xnwxmn~jkxmnwsno~tovjn okrqrujrm|nmtjwojrmnsn9jqrxkj~nus~xnxwsvn$srm~jtryx|nkjmnvsmusqtryjmnsmsvjm|nsmmsnuvxqsmmxn
N^NCHN@TBOFEFZNUKCEK]@WNC_N@KDEN\FOFLNLK@GMLFZN@K@EKU@NDDKWGMNLB@N@DGN@ZBCEFCGFLNLK@KCgGNCEB@TBOEFZN@LK@DENLBa
;:;134;0/59/6783749/^/ 6
n%$X%n n
9xnjkxnwsn|nxn rkrmtvrxnwjno~tovjnn rknijktsysnjnsmtvjtrjnwsnjtoj}xnrkrqrjwjnsin|nuxvnqxktjnwjnsmtjr~rwjwsnjwirkrmtvjtryjn
LN@{NDEN@K@LB@NUNLGMKZFUKCEB@LND@TBOEFZND@FCB^NLBMND@LFMKZFBCNLND@TNMN@B@DKEBM@ZGOEGMNOa@?@TMFBMFLNLK@ZBCEFCGN@DKCLB@NUTOFNM@B@NZKDDB@
T\OFZB@NBD@\KCKVZFBD@LN@AGOEGMN]@ZBUB@VBMUN@LK@MKLGhFM@B@VBDDB@DBZFNO@KCEMK@BD@ZFLNLIBD]@LKZBMMKCEK@LN@Ue@LFDEMF\GFHIB@LND@MFgGKhND@LB@
{ND]@TNMEFZGONMUKCEK@CND@vsjmntsqkx~rqj|nswoqjqrxkj~nsnqo~tovj~nn rknuxmmornwsnuvxvjijmnpkj~mtrqxm|nsinmojnijrxvrjnyx~tjwxmn
TNMN@Bntvjtxnsmusqpqxnwsnwstsvirkjwjmnvsjmnqo~tovjrm|nqxixnjqxktsqsnkxmnmsisktxmnwxnujtvrikrxnsnwjnisivrj|nwxnjowrxyrmoj~|nwjmn
NMEKD@ZCFZND@K@LN@UDFZN]@LB@OF^MB@K@LN@ZGOEGMN@NVMBf\MNDFOKFMN]@eMKND@gGK@WGNMLNU@DFCEBCFN@ZBU@N@TMcTMFN@KDEMGEGMN@NLUFCFDEMNEF^N@LND@
okrwjwsmnyrkqo~jwjmnwxnv}xninvj}xnwsmmjnujvtrqo~jvrwjws|nxn rkrmtvrxntsinqvsmqrwxnmrkrpqjtryjisktsnkjnjvtrqo~j}xnrktsvkjnsnkjn
EMNCD^KMDNOFLNLK@LK@DGND@NHzKD]@VNhKCLB@ZBU@gGK@N@AGOEGMN@DKN@EMNENLN@TBM@UKFB@LK@GUN@N\BMLNWKU@CFZN]@VBZNLN@CB@ZFLNLIB@K@CN@DBZFKLNLKa
9$"ni 9X
?@KF@bMHNUKCEeMFN@?CGNO@LK@22]@NZMKDZFLN@LBD@ZMLFEBD@NLFZFBCNFD@KF@@AMLFEBD]@ZBCEBG@ZBU@MKZGMDBD@LN@BMLKU@LK@@Pa2]@
\FO_IB]@LBD@gGNFD@@]@UFO_zKD]@BG@ ]@VBMNU@LKDEFCNLBD@N@LKDTKDND@LFDZMFZFBCeMFND@gGK@KSZOGKU@WNDEBD@ZBU@TKDDBNO]@KCZNMWBD]@
uvsqjtvrxmnsnwyrwjmnnxvjisktxnwxn rknxrnxnijrxvnwsmwsnmojnqvrj}x|nln
njkxm|nsnvsrmtvxonqvsmqrisktxnwsn|Z nsinvs~j}xnjxn
NCB@NCEKMFBMa
{NMN@UKO_BM@EMNLGhFM@ND@MKNOFhNHzKD@LB@MWIB]@KDEK@LBZGUKCEB@EMNENMe]@LBMN^NCEK]@NTKCND@LBD@^NOBMKD@OF^MKD@MKDKM^NLBD@`D@LKDTKDND@
wrmqvrqrxkvrjmnos|nwsnjtx|nvsuvsmsktjinxmnjmtxmnpkj~mtrqxmnwrvsqrxkjwxmnujvjnjno~tovjnsinmrnj~sn~sivjvnos|nwxmnn|nir~lsmn
LFDZMFZFBCeMFBD]@@P22]@UFO_zKD@VBMNU@MKEFLBD@TKOBD@KZMKEBD@LK@ABCEFCWKCZFNUKCEB@K@DGND@NOEKMNHzKD@TBDEKMFBMKDa@? DDFU@DKCLB]@BD@MKZGMDBD@
OF^MKD@EBENFD@TNMN@UB^FUKCENHIB@K@KUTKC_B@LKDZBCEFCWKCZFNLBD@EBENOFhNMNU]@LK@VNEB]@@P]@UFO_zKD]@K@EF^KMNU@KSKZGHIB@BMHNUKCEeMFN@
LK@@P]@UFO_zKD]@BG@QR] @LB@BMHNUKCEB@OF\KMNLBa
sysmsnvsmmj~tjvnosnxnusvqsktoj~njqrijnwxmn#Z nwsnssqo}xnnljyrjnmrwxnj~qjkjwxnsin|nnsn|nqx~xqjkwxnxn rkrmtvrxn
kxmnuvrisrvxmn~ojvsmnwxnvjkrknwsnspqr3kqrjnkjnsmt}xnwxmnvsqovmxmnwrmuxkrr~rjwxmnus~jn%kr}x
mnvsj~rjsmnwxn rk|nkxntvjkmqxvvsvnwsn|nijktrysvjinqxkmxk=kqrjnqxinjmnuvsyrmsmnqxkmtjktsmnwjn$nsnqxinxmn
LFDTBDFEF^BD@LN@KF@LK@FMKEMFhKD@bMHNUKCEeMFND@f@b@KF@C@PPaQ]@LK@Q@LK@LKhKU\MB@LK@22@K@VBMNU@ZBCDG\DENCZFNLND@KU@P@
uvxvjijm|nwxmnojrmn
npkj~mtrqxm|nqxkxvisnojwvxnjnmsorv
4049 91/50/ ;:6

@@Aa
?

$ X
$


A?b
A

@P]22

vjmr~njtvrikrxno~tovj~

aRaR

RaRa

Ra2aQ2Q

QQ]

F^MB@?\KMEB

2aQRaQ

aPaQ

aaQ22

QQ]Q

vjmr~|n"xinsnijsi

a2aP

a2P2aQ

aQaQR

QQ]P

W


omson sivrjnsn
AFLNLNCFN

2a2a

Qa2Pa2Q

RaR2a

QQ]

o~tovjnvxvjmr~srvj

PQaa

PQaa

PRaQaQR

Q]

!KDEIB@LN@{BOEFZN@LK@
AGOEGMN
!KDEIB@LN@{NMEFZFTNHIB@KU@
bMWNCFDUBD@CEKMCNZFBCNFD

aa2P

aPa

RaRaR

RR]

2aR

2aR

RaP

]Q

?TBFB@?LUFCFDEMNEF^B

aa2Q

a2aQ

2aRaPR

QR]P

xkoisktj

a222a222

2aPaR

QaPa

QR]

AGOEGMN]@LGZNHIB@K@
AFLNLNCFN

PRaRa2P

PaaQQ

Pa2a2RR

QQ]

CWKC_B@LND@?MEKD

P2aPQa

Ra22a2

RPaaRQ

QQ]R

LKCEFLNLK@K@F^KMDFLNLK@
AGOEGMNO
KDKC^BO^FUKCEB@LN@
ZBCBUFN@LN@AGOEGMN

a22a222

aa

a2Pa2P

Q]

P2a22a222

QaPPaR

QaPPaR

QQ]

PaaP

QR]

b?
aRa2R
PaQaP2
xktsn"rjpnsq~ornwsmusmjmnqxinusmmxj~|nwyrwjnsnuvsqjtvrxm

DDKD@TMBWMNUND@LFMKZFBCNMNU@MKZGMDBD@TNMN@LF^KMDBD@DKWUKCEBD@ZGOEGMNFD]@LFDEMF\GLBD@LN@DKWGFCEK@VBMUN
5;134;47;<=0/501/;:213; 2:301/50/ ;:6/04/12 2:30/67837498
{NEMFUYCFB@AGOEGMNO
mrqj
GUNCFLNLKD
o~tovjnvxvjmr~srvj
?GLFB^FDGNO
?MEKD@{OeDEFZND
?MEKD@CEKWMNLND
?MEKD@ACFZND

2]R
P]2
]
]
P]
2]
2]2
]

xktsnjkqxnwsnjwxmnwxn~jkxnktsvkx"rjp
K@NZBMLB@ZBU@KDDKD@LNLBD]@BD@DKWUKCEBD@X?MEKD@CEKWMNLND[@K@X{NEMFUYCFB@AGOEGMNO[@MKTMKDKCENMNU@N@UNFBM@ZBCZKCEMNHIB@LK@MKZGMDBD@
KU@22a@NO@VNEB@CIB@BZBMMKG@TBM@NZNDB]@^FDEB@gGK@ND@CB^ND@LFMKEMFhKD@LB@MWIB@EU@TMFBMFhNLB@B@LKDKC^BO^FUKCEB@LK@TMBKEBD@LK@FCZOGDIB@
DBZFNO@gGK]@WKMNOUKCEK]@NEGNU@TBM@UKFB@LK@UNFD@LK@GU@DKWUKCEB@ZGOEGMNO@DFUGOENCKNUKCEK]@K@N@MKZGTKMNHIB@LB@TNEMFUYCFB@_FDEcMFZB@CNZFBCNOa
svtjiskts|nxnqvsmqrisktxnwjmnrvtsmnktsvjwjmsnwsqxvvsnwxmnmrkrpqjtryxmnrkysmtrisktxmnsinxktxmnwsno~tovjnsnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnn
;:6871=0/106;98/289/6783749/0:301/52/6783749
%$X%|n%ijnn9
smwsn|nxn rknysinjuxrjkwxnuvxstxmnqo~tovjrmnnsrmtsktsmnwsmskyx~yrwxmnsinqxiokrwjwsmnosnmsnskqxktvjinsinmrtoj}xn
LK@TMKZNMFKLNLK@BG@LK@^GOCKMN\FOFLNLK@DBZFNOa@b@TMFCZFTNO@VBZB@LB@TMBWMNUN@AGOEGMN]@LGZNHIB@K@AFLNLNCFN@@NUTOFNM@K@WNMNCEFM@B@NZKDDB@
LND@ZBUGCFLNLKD@UKCBD@VN^BMKZFLND@NB@GDGVMGEB@LK@\KCD@ZGOEGMNFD@K@NBD@UKFBD@LK@TMBLGHIB@K@LFVGDIB@LND@NMEKD@K@LB@TNEMFUYCFB@ZGOEGMNOa@
nuvxvjijnrwsktrpqjnsnjuxrjnrkrqrjtryjmnrkxyjwxvjmnosnmovsinwxnsmxvxnwsn~rwsvjkjmnxonwsnvouxmnxvjkrjwxmnosnmsnwswrqjin
^BOGCENMFNUKCEK@N@EMN\NO_BD@ZGOEGMNFD@MKOK^NCEKDa@DDKD@TMBKEBD@DIB@FCDEMGUKCEBD@FUTBMENCEKD@TNMN@ZMFNM@UKO_BMKD@ZBCLFHzKD@LK@^FLN@K@WKMNM@
KSTKZENEF^N@LK@VGEGMB@TNMN@NLBOKDZKCEKD@K@B^KCDa
Y


jvjnjtskwsvnjnsmtjnuvrxvrwjws|nxn rknwsmskyx~ysonxmnxktxmn
LK@AGOEGMN]@gGK@MKTMKDKCENU@B@MKZBC_KZFUKCEB@LN@FUTBMECZFN@LK@
UGFEBD@LKDDKD@TMBKEBDa@UN@^Kh@EMNCDVBMUNLND@KU@{BCEBD]@KDDND@
FCFZFNEF^ND@TNDDNU@N@ZBCENM@ZBU@B@NTBFB@LB@MWIB@TBM@UKFB@LK@
MKTNDDKD@MKWGONMKD@LK@MKZGMDBD]@^FDNCLB@NUTOFNM@B@NOZNCZK@LK@DKGD@
EMN\NO_BD@K@FCZMKUKCENM@DGND@NHzKD@KU@VN^BM@LND@ZBUGCFLNLKD@KU@
gGK@KDEIB@FCDKMFLNDa
U@22]@B@TMBWMNUN@FC^KDEFG@MKZGMDBD@LN@BMLKU@LK@@P]@
UFO_zKD]@ZKMZN@LK@ @LB@EBENO@LBD@^NOBMKD@KSKZGENLBD@TKOB@MWIBa@
xvnisrxnwjnriu~sisktj}xnwxmnxktxmnwsno~tovj|nxn rknomqjn
VNhKM@LKDDKD@KDTNHBD@NU\FKCEKD@LK@ZBC^F^CZFN@K@LK@VBMUNHIB@LN@
ZFLNLNCFN]@BCLK@TBDDNU@DKM@LKDKC^BO^FLND@KSTKMFCZFND@LK@ZMFNHIB]@
LK@ZNTNZFENHIB@K@LK@NZKDDB@NBD@\KCKVZFBD@LN@AGOEGMNa@?@KDEMNEWFN@
LB@TMBWMNUN@@OK^NM@B@B^KU@N@GU@TMBZKDDB@LK@EMNCDVBMUNHIB@DBZFNO@
K@_GUNCN]@LK@TMBWMKDDIB@K@KUNCZFTNHIB]@MKLGhFCLB@B@VBDDB@DBZFNO@
LKZBMMKCEK@LN@Ue@LFDEMF\GFHIB@LBD@\KCKVZFBD@LB@LKDKC^BO^FUKCEB@
DcZFBfKZBCYUFZB@LB@{NDa
?D@TMFCZFTNFD@NHzKD@LKDEK@TMBWMNUN@DIB@ND@LK@KDKC^BO^FUKCEB@
LK@CFZFNEF^ND@BOENLND@TNMN@N@CZOGDIB@BZFNO@TBM@UKFB@LN@AGOEGMN]@
osnju~rqxonrmx~jwjisktsnqsvqjnn|
nir~lsm|nskspqrjkwxnn
TKDDBND@KU@NEF^FLNLKD@LK@ZNTNZFENHIB@KU@LFVKMKCEKD@OFCWGNWKCD@
jvtmtrqjmnsnkmtj~j}xnsn xwsvkrj}xnwsnmujxmno~tovjrmnn
{BCEBD@LK@AGOEGMN]@NHIB@ZBCDENCEK@LND@TMFBMFLNLKD@LN@b]@gGK@
VKZ_BG@B@KSKMZZFB@ZBU@@]P@UFO_zKD@NTOFZNLBD@K@ZBU@@
xktxmnrkmtj~jwxmnsinn okrqurxmnvjmr~srvxmnsysmsn~sivjv|n
ENU\U]@gGK@VBMNU@ONCHNLBD@@]@UFO_zKD@KU@MKDEBD@N@TNWNM@
TNMN@N@FCDENONHIB@LK@UNFD@PaQR@TBCEBD@CBD@TMFUKFMBD@UKDKD@LK@
22R]@KU@TNMZKMFN@ZBU@@DENLBD@LN@JKLKMNHIBa
975;0;1798/
"$|n" nn 
nvsjnwsnjowrxyrmoj~nnqxkworwj|nkxn=irtxnwxn rk|nus~jn
KZMKENMFN@LB@?GLFB^FDGNO@f@?@K@TKON@?WCZFN@NZFBCNO@LK@
AFCKUN@@?CZFCK@K@DK@VNh@MKTMKDKCENM]@KU@EKMUBD@BMHNUKCEeMFBD]@
us~xnuvxvjijnvjmr~|n"xinsnijsi|nqoxnxstryxnqsktvj~n
@NGUKCENM@N@TMBLGHIB]@N@LFVGDIB@K@N@TMKDKM^NHIB@LND@NMEKD@
jowrxyrmojrmnvjmr~srvjmnsnjiu~rjvnjnxsvtjnwjnqrksijtxvjpjn
CNZFBCNO@K@LND@LKUNFD@ULFND@NGLFB^FDGNFDa@FDN]@ENU\U]@
KDEFUGONM@N@ZNTNZFLNLK@TMBLGEF^N@LND@MKWFzKD@K@MKLGhFM@N@_KWKUBCFN@
LB@TMBLGEB@KDEMNCWKFMB@CB@UKMZNLB@FCEKMCBa@{NMN@N@ZBCDKZGHIB@LK@
DKGD@B\KEF^BD]@B@TMBWMNUN@FC^KDEFG@MKZGMDBD@WOB\NFD@LN@BMLKU@LK@
@]@UFO_zKD@CB@EMNCDZBMMKM@LB@KSKMZZFBa
ND@TMFCZFTNFD@NHzKD@MKONZFBCNLND@ZBU@N@eMKN@LB@NGLFB^FDGNO]@
wsysnmsvnwsmtjqjwjnjnwsnxisktxnjnvxstxmnrksijtxvpqxmnsn
?GLFB^FDGNFD]@TBM@UKFB@LN@gGNO@VBMNU@NTOFZNLBD@@P]@UFO_zKD@
LGMNCEK@B@NCBa@DEN@NHIB@N\MFWN@GUN@DMFK@LK@TMBKEBD@FUTBMENCEKD@
ujvjnxnmstxv|nwsktvsns~smnxnxisktxnjnxrtxnxvjmnqrksijtxvpqjmn
N@@LBZGUKCEeMFBD@f@TBM@UKFB@LN@FCFZFNEF^N@bA@K@N@TMBLGHIB@
wsnntto~xmnkjqrxkjrmnsinnus~jnvxvjijwxvjnvjmr~|nosn
wrmuxkrr~rjnp~ismnujvjnwrysvmxmnuxktxmnwsnsrr}xnnqxixnsmqx~jm|n
ZFCKZOG\KD]@ZKCEMBD@ZGOEGMNFD]@TBCEBD@LK@ZGOEGMN@K@GCF^KMDFLNLKD@f]@
^FDNCLB@VBMUNM@ZFMZGFEBD@NOEKMCNEF^BD@CIB@ZBUKMZFNFD@K@NUTOFNM@
B@NZKDDB@LN@TBTGONHIB@N@ZBCEKLBD@NGLFB^FDGNFDa@?FCLN@CKDEN@
NHIB]@VBF@TBDD^KO@ONCHNM@B@KLFENO@LN@EKMZKFMN@KLFHIB@LB@K^KONCLB@
vjmrm|nosnqxktsiu~jv|nsinZ|nnuvxwosmnwsnqovtjwovj}xn
vsj~rjwjmnsin okrqurxmnqxinuxuo~j}xnwsnjtnnir~nljrtjktsm
bGEMN@VBMUN@FUTBMENCEK@LK@KDEFUGONM@N@TMBLGHIB@CNZFBCNO@
NZBCEKZK@TBM@FCEKMULFB@LN@NHIB@ABCZKDDIB@LK@{MUFB@?LFZFBCNO@
LK@KCLN@N@{MBLGEBMKD]@FDEMF\GFLBMKD@K@SF\FLBMKD]@^BOENLN@TNMN@
[

UKO_BMNM@B@LKDKUTKC_B@LK@UKMZNLB@LK@KUTMKDND@TMBLGEBMND]@
wrmtvrorwxvjmnsnsrrwxvjmnwsnxvjmnqrksijtxvpqjmnwsnuvxwo}xn
FCLKTKCLKCEKa@U@22]@gGNCLB@NZBCEKZKG@N@EKMZKFMN@KLFHIB@LB@
{MUFB]@@TMBLGEBMND@K@KSF\FLBMND@VBMNU@ZBCEKUTONLND@ZBU@
^NOBMKD@TMcSFUBD@N@@R]@UFO_zKDa
B@gGK@ZBCZKMCK@`@ANTNZFENHIB@LK@?MEFDEND]@ZCFZBD@K@
{MBLGEBMKD@CN@MKN@LB@?GLFB^FDGNO]@TMBUB^KGfDK@B@EMKFCNUKCEB@
wsn#nuvxpmmrxkjrmnmtjnj}xnqxktvrornujvjnxnjusvsrxjisktxn
EZCFZB@LNgGKOKD@gGK@NEGNU@CND@eMKND@LK@ZFCKUN]@EKOK^FDIB]@^LKB@
snxotvxmnmsisktxmnjpkm
K^KfDK@MKDDNOENM]@ENU\U]@BD@\BCD@MKDGOENLBD@LBD@TMBKEBD@
LK@TMBUBHIB@LB@ZFCKUN@\MNDFOKFMB@CB@KSEKMFBM@gGK]@KU@22]@
qxktvrovjinujvjnosnZnp~ismnnkjqrxkjrmnwsnqovtjmnsnwsn~xkjmn
UKEMNWKCD@KDEF^KDDKU@TMKDKCEKD@KU@@VKDEF^NFD@FCEKMCNZFBCNFD]@
ZBU@FC^KDEFUKCEBD@LK@@P]2@UFO_IB@LGMNCEK@B@KSKMZZFBa
nnX 9n%$X%$
nvsjnvs~jqrxkjwjnqxin sivrjnsnjtvrikrx|nsin|n
FC^KDEFG@KU@EBMCB@LK@@P]@UFO_zKD@KU@LF^KMDND@NHzKD]@
ZBCDFLKMNCLB@ND@NTOFZNHzKD@WOB\NFD@LBD@EMD@TMBWMNUND@N@KON@
yrkqo~jwxmnvjmr~njtvrikrxno~tovj~|n xkoisktjnsn omso|n
sivrjnsnrwjwjkrj
"$nX 9n%$X%$
nnuvxvjijnvjmr~njtvrikrxno~tovj~nqsktvj~rjnxmnsmxvxmn
LK@TMKDKM^NHIB@LBD@\KCD@FCEKWMNCEKD@LB@TNEMFUYCFB@LK@ZNMeEKM@
_FDEcMFZBfZGOEGMNO@LB@{NDa@GND@NHzKD@KDEIB@N@ZNMWB@LB@CDEFEGEB@LB@
{NEMFUYCFB@FDEcMFZB@K@?MEDEFZB@NZFBCNO@@T_NC@K@ZBCZKCEMNU@
EBLBD@BD@TMBKEBD@LK@ZBCDKM^NHIB@LK@\KCD@_FDEcMFZBD@K@NMgGKBOcWFZBDa@
?@FCDEFEGFHIB@EKU@DB\@DGN@EGEKON@ZKMZN@LK@P@UFO@FUc^KFD]@
OBZNOFhNLBD@KU@@DEFBD@GM\NCBD@P@UFO@DEFBD@NMgGKBOcWFZBD@2@
UFO@B\KEBD@UGDKBOcWFZBD@K@KSEKCDN@LBZGUKCENHIB@NMgGF^DEFZN@K@
r~rxvpqjnwsuxmrtjwjnsin
nr~rxtsqjmnsnnjvoryxmnu~rqxmn
GND@GCFLNLKD]@KDTNO_NLND@TBM@EBLB@B@EKMMFEcMFB@CNZFBCNO]@LKEU@N@
ojvwjnwsnvsrmtvxmnxtxvpqxm|nqrksijtxvpqxmnsnyrwsxvpqxm
B\@B@NDTKZEB@BMHNUKCEeMFB]@ND@NHzKD@LKDEK@TMBWMNUN@
NTOFZNMNU@ZKMZN@LK@@R]P@UFO_zKD@KU@22
K^KfDK@B\DKM^NM@gGK@N@NHIB@JBUKCEB@N@{MBKEBD@CN@MKN@LB@
{NEMFUYCFB@AGOEGMNO@VNh@TNMEK@LND@TMFBMFLNLKD@LN@?LUFCFDEMNHIB@
{\OFZN@JKLKMNO@K]@TBM@FCEKMULFB@LKON]@P@TMBKEBD@VBMNU@
NTBFNLBD]@LKCEMK@BD@gGNFD@B@FC^KCEeMFB@LBD@EFBD@?MgGKBOcWFZBD@CN@
~ljnwsn jvjnjnqxkmx~rwj}xnsnyj~xvrj}xnwjmnvokjmnwxmn"stsn
xyxmnwjmn rmmsm|nkxnrxnvjkwsnwxn"o~njmnxvjmnwsnvsqousvj}xn
wjnvsjnwjnvwsinXsvqsrvjnwxnjvix|nsin"j~yjwxvnjn
vsmtjovj}xnwjnvsjn jtvrnwsn9n"nwjnxkqsr}x|nsin"jktjnvon
wsnjv~rjnsnwrysvmxmnuvxstxmnvs~jqrxkjwxmnqxinxnuvxvjijn
X?hGOKNM[a
bGEMN@FCFZFNEF^N@FUTBMENCEK@NZBCEKZK@TBM@UKFB@LN@NHIB@
vsmsvyj}xnwsnskmnwsn9jtovsjn jtsvrj~|nkjnoj~nxvjin
NTOFZNLBD@@P]@UFO_zKD@KU@22a@DDN@NEF^FLNLK@VBF@MKDTBCDe^KO@
TKON@MKDENGMNHIB@LN@ZNDN@LK@!MNZFOFNCB@NUBD]@KU@?ONWBND@TKON@
FCDEMGHIB@LB@TMBZKDDB@LK@EBU\NUKCEB@LN@MKDFLCZFN@LK@A_FZB@
skwsm|nsin>juovrnus~xnuvxstxnwsnvsmtjovj}xnwxnxvtsn"}xn
`x}xnwjnjvvjnwsnsvtrxjnsnus~jnsmtjr~rj}xnwjmnvokjmnwxn
xvtsnvkqrusnwjnsrvjnkxnmtjwxnwsnxkwkrj|nwsktvsniortjmn
BGEMND@MKNOFhNHzKDa
N@eMKN@LB@{NEMFUYCFB@UNEKMFNO]@VBMNU@MKNOFhNLBD@BD@MKWFDEMBD@
wxnvsyx|nwxnXjixvnwsnvrxo~jnwxn jvjkl}xnsnjmn jtrsmnwxn
NU\N@LB@FB@LK@dNCKFMB]@MKZBC_KZFLBD@K@ZBCDNWMNLBD@ZBUB@


skmnwspkrtryxmnwjnsuvsmm}xnqo~tovj~nvjmr~srvjnotvxmnvsrmtvxmn
KCZBCEMNUfDK@KU@VNDK@LK@FCDEMGHIB@TMBZKDDGNO@BgGK@LBD@FCBD@
wjmnrwjwsmnrmtvrqjmn rksrvjmnxmn$ojvsmn"jvjwxmnwxmnxyxmn
>rkojkxmnjnjvijqxurjnwxnsvvjwxnxn xwxnvtsmjkj~nwsnjsvn
osrxnwsn rkjmnxnrtoj~njkojnwxmnpkwrxmnkjskskj3|nwsn
jtxnvxmmxnxn jio~skx|nwsnsvkjioqxnjnsmtjnwsn"}xn
"sjmtr}x|nwjn~ljnwsn jvjnsnjnvtsnwjmnskwsrvjmnwsnryrkjn
{NDEBMNa
9% 9X
9xnosnqxkqsvks|njrkwj|njxnjtvrikrxn jtsvrj~|nsrmtsn
tjiinxn xkoisktj|nxotvxnuvxvjijnsvskqrjwxnus~xnuljk|nqxin
vsqovmxmnj~xqjwxmnkjnwirkrmtvj}xnwrvstjnwxn rk|nosnuvxixysn
jnvsqousvj}xnwsnmtrxmnovjkxmnsinn okrqurxmnqxkyskrjwxm|n
sinujvqsvrjnqxinxnjkqxnktsvjisvrqjkxnwsnsmskyx~yrisktxnn
nsnqxinjnvjkrj}xnwjmn9jsmn%krwjmnujvjnjnwoqj}x|n
AFCZFN@K@AGOEGMN@f@CKDZBa@KU@TBM@B\KEF^B@TMFCZFTNO@ZBU\NEKM@
ND@ZNGDND@LN@LKWMNLNHIB@LB@TNEMFUYCFB@_FDEcMFZB@f@WKMNOUKCEK@
OBZNOFhNLB@KU@eMKND@ZBU@\NFSB@C^KO@LK@NEF^FLNLK@KZBCYUFZN@K@LK@
MKLGhFLN@TNMEFZFTNHIB@LN@DBZFKLNLK@f]@KOK^NCLB@N@gGNOFLNLK@LK@^FLN@
LND@ZBUGCFLNLKD@KC^BO^FLNDa@
JBMNU@ZBCZOGLBD@@TMBKEBD@LK@MKZGTKMNHIB@TNEMFUBCFNO@
sin
n okrqurxmnqxktsiu~jwxmnus~xnuvxvjijnqvsmqsktsmsn
osnxotvjmn#nxvjmnsmt}xnsinjmsnwsnssqo}xnsinn okrqurxmn
DDKD@TMBKEBD@MKZK\KMNU@MKZGMDBD@LN@BMLKU@@]2@UFO_zKD@CB@
EMNCDZBMMKM@LB@NCB@LK@22a
b@ZBCEKSEB@LK@LKDKC^BO^FUKCEB@LND@NHzKD@LK@MKZGTKMNHIB@
LB@TNEMFUYCFB@VBF@NTMB^KFENLB@TNMN@N@MKNOFhNHIB@LK@@TMBKEBD@LK@
oj~rpqj}xnwsni}xwsxvjnkjnjvtsnwxnvsmtjovxnus~jnj}xnxisktxn
N@{MBKEBD@LK@ANTNZFENHIB@BG@JBMENOKZFUKCEB@CDEFEGZFBCNO@CN@MKN@
LB@@{NEMFUYCFB@FDEcMFZB@M\NCB]@CN@gGNO@VBMNU@NTOFZNLBD@MKZGMDBD@
LK]@NTMBSFUNLNUKCEK]@@]@UFO_zKDa
ixvjnxn xkoisktjnxstrysnwsmskyx~ysvnjsmnsinn
okrqurxm|nqxkmtrtosinokrysvmxnuxtskqrj~nwxnuvxvjijnZnqrwjwsmn
\MNDFOKFMND]@LKEKCEBMND@LK@P2P@DEFBD@GM\NCBDa
ABC^U@VMFDNM@gGK@KDDK@TMBWMNUN]@TBM@CIB@EKM@VBZB@KU@
B\MND@KUKMWKCZFNFD]@CIB@LKDKC^BO^K@NHzKD@NTKCND@TNMN@MKZGTKMNM@
KDEMGEGMND@VDFZND]@UND@ENU\U@TNMN@WKMNM@ZBCLFHzKD@VN^BMe^KFD@
wsnjotxnmomtsktj}xnwxmn okrqurxmnqxktsiu~jwxm|nuxvnisrxnwxn
FCZMKUKCEB@LB@EGMFDUB@K@LK@BGEMND@NEF^FLNLKD@KZBCYUFZND@gGK@
MKDGOEKU@CN@WKMNHIB@LK@KUTMKWB@K@MKCLN@TNMN@ND@TBTGONHzKD@OBZNFDa@
"somnrkysmtrisktxm|nsin|nusvpsvjinxnixktjktsnwsnn#|n
UFO_zKDa
K^KfDK@MKDDNOENM@gGK@NHIB@LK@{MKDKM^NHIB@LB@{NEMFUYCFB@
FDEcMFZB@M\NCB@VBF@ZBCDNWMNLN@CB@MBO@LND@TMFBMFLNLKD@LN@
?LUFCFDEMNHIB@{\OFZN@JKLKMNO]@ZBCDENCEK@LN@b@f@22a
jmnuvrkqrujrmnxvjmnvsj~rjwjmnus~xn xkoisktj|nwsysinmsvn
ZFENLND@ND@LK@MKDENGMNHIB@LN@DENHIB@JKMMB^FeMFN@LK@ABCWBC_ND
nwxn omsonwsnvtsnwxnrxnvjkwsnwxn"o~|nsinxvtxn~svs
"nwxnvoryxn~rqxn okrqruj~nwsn$skrmnwjmnjqljwjmn
snqxsvtovjnwxnjxn okrqruj~|nsins~xtjm"nwjnvjjnxvxks~n
JKMCNCLB@{MKDEKD]@KU@IB@{NGOB{@LKCEMK@BGEMNDa
%"%n nn9
9jnvsjnwjnvsmsvyj}xnwjn sivrj|nxnv}xnqxktjnqxinxn
omso|n sivrjnsnrwjwjkrj|nosnrkysmtro|nsin|nnZ|Zn
UFO_zKDa@b@TMBWMNUN@ENU\U@@KSKZGENLB@DB\@WKMKCZFNUKCEB@LB@
T_NC]@KU\BMN@NOWGUND@LK@DGND@NHzKD@ENU\U@EKC_NU@TNMEFZFTNHIB@
wjnokwj}xnjmjnwsnornjvxmjnnnnuvxvjijntsinuxvn


B\KEF^B@B@VBMENOKZFUKCEB@LBD@UGDKGD@\MNDFOKFMBD@TBM@UKFB@LN@
WNMNCEFN@LK@DKG@ZGDEKFB]@LB@NTKMVKFHBNUKCEB@TKMUNCKCEK@LK@DKGD@
DKM^FHBD@K@KDEMGEGMND]@K@LN@ZNTNZFENHIB@EZCFZN@LK@DKGD@gGNLMBDa@
9jnj}xn xwsvkrj}xnwsn omsom|nxn rknjwxtjnxn
TMBZKLFUKCEB@LK@DKOKZFBCNM@TMBKEBD@TBM@UKFB@LK@KLFENO@T\OFZB]@
qljijwxnrwrtj~n xwsvkrj}xnwsn omsomsnmtjnrkrqrjtryj|nyrjn
LK@MKWMN]@\GDZN@NTBFNM@FCDEFEGFHzKD@LND@LF^KMDND@MKWFzKD@LB@{ND@
CN@NgGFDFHIB@LK@NZKM^BD]@KgGFTNUKCEBD@K@UNEKMFNFD@TKMUNCKCEKD]@
UKO_BMNCLB@N@gGNOFLNLK@LND@KDEMGEGMND@K@ZBCEKLBD@LFDTBCF\FOFhNLBD@
NB@ZFLNLIB@GDGeMFBa@U@22]@VBMNU@FC^KDEFLBD]@TBM@UKFB@LKDEN@
NHIB]@@]@UFO_zKD@CB@NTBFB@N@R@TMBKEBDa
bGEMB@KDVBMHB@LB@MWIB@LK@UKO_BMNM@ND@ZBCLFHzKD@LBD@UGDKGD@
\MNDFOKFMBD@LFMKZFBCNfDK@TNMEFZGONMUKCEK@TNMN@N@ANTNZFENHIB@LK@
vxpmmrxkjrmnwsn omsomnmmjnrkrqrjtryjntsysnrkqrxnsinns|n
N@ZNLN@NCB]@EKU@NUTOFNLB@DKG@NOZNCZK@TBM@UKFB@LN@MKNOFhNHIB@LK@
msirkvrxm|nqovmxmnuvxpmmrxkj~rjktsmnsnsysktxmnosntvjtsinwsn
EKUND@MKONZFBCNLBD@ZBU@B@DKEBM@UGDKBOcWFZBa@GMNCEK@B@KSKMZZFB@
xvjinqjujqrtjwxmnZnuvxpmmrxkjrmnsnju~rqjwxmnn|nir~l}xn
juskjmnksmtjnpkj~rwjwsnjsnwsmtjqjvnosnjnsusvr3kqrjnwsmtjn
NHIB@ENU\U@VBF@OK^NLN@NB@{NMNWGNF@K@MKDGOEBG@KU@EMNENLB@LK@
qxxusvj}xnr~jtsvj~nsktvsnxmnirkrmtvrxmnwjno~tovjnwxnvjmr~nsn
LNgGKOK@{NDa@U@LKZBMMCZFN@LFDDB]@VBF@TBDD^KO@N@MKNOFhNHIB@LN@
`xvkjwjn omsx~rqjnjvjojrvjmr~|nkjnqrwjwsnwsnmmok}x|nsnjn
qxkmsqo}xnwsnnqovmxmnwsnqjujqrtj}xnwsnuvxpmmrxkjrmnujvjojrxmn
KU@LFVKMKCEKD@eMKND@LN@NEF^FLNLK@UGDKBOcWFZNa
bGEMN@VBMUN@VGCLNUKCENO@LK@NTBFB@`@UKO_BMFN@LND@KDEMGEGMND@
VDFZND@K@BTKMNZFBCNFD@LND@FCDEFEGFHzKD@LK@UKUcMFN@NZBCEKZK@TBM@
rktsviwrxnwjnj}xnwsnxisktxnjnvxstxmnkjnvsjn omsx~rqj|n
NEF^FLNLK@ZBCDENCEK@LND@TMFBMFLNLKD@LN@bf22]@MKDTBCDe^KO@
TKON@MKNOFhNHIB@LK@R@TMBKEBD@LGMNCEK@B@KSKMZZFBa
U@22]@ZN\K@LKDENZNM@N@MKNOFhNHIB@LN@@KUNCN@NZFBCNO@
wsn omsom|nqxinxntsijnr omsomnsnujtvrikrxnokrysvmj~s|nwovjktsn
B@TKMBLB@LK@P@N@2@LK@UNFBa@{NMEFZFTNMNU@LKDDN@NEF^FLNLK@UNFD@LK@
2@FCDEFEGFHzKD@LK@EBLBD@BD@DENLBD@K@LB@FDEMFEB@JKLKMNO]@gGNCLB@
VBMNU@TMBUB^FLBD@UNFD@LK@Pa22@K^KCEBD@ZGOEGMNFD]@ZBCEMF\GFCLB@
TNMN@KDEFUGONM@N@^FDFENHIB@NBD@UGDKGD@LK@EBLB@B@{ND@K@B@NZKDDB@NBD@
CBDDBD@\KCD@ZGOEGMNFD@DB\@N@WGNMLN@LBD@UGDKGDa
NU\U@UKMKZK@LKDENgGK@N@MKNOFhNHIB@LB@P@CZBCEMB@\KMBf
isvrqjkxnwsn omsom|nvsj~rjwxnwsnnjnZnwsnoklx|nkjnqrwjwsn
wsn"j~yjwxvnmmsnskqxktvxnvsokronxmnvsmuxkmysrmnus~jmn
TBOEFZND@UGDKBOcWFZND@LK@@TNDKD@K@MKDGOEBG@CN@KDZBO_N@LB@NCB@
wsnZnqxixnxnkxnsvxisvrqjkxnwsn omsomnkrqrxoms|n
wovjktsnsmmsnsysktx|njnqvrj}xnwjnswsnsvxjisvrqjkjnwsn omsomn
snwxnvxvjijnsviomsom|nosnt3injnpkj~rwjwsnwsnuvxixysvnxn
LKDKC^BO^FUKCEB@K@N@NMEFZGONHIB@LND@FCDEFEGFHzKD@UGDKBOcWFZND@LBD@
TNDKD@F\KMBfNUKMFZNCBDa
962110/2/5;>71=0/67837498/
!b@?@?
b@TMBWMNUN@CWKC_B@LND@?MEKD]@DB\@WKMCZFN@LN@JGCLNHIB@
NZFBCNO@LK@?MEKD@f@JGCNMEK]@EKU@TBM@B\KEF^B@NUTOFNM@B@NZKDDB@
LN@TBTGONHIB@\MNDFOKFMN@NBD@\KCKVZFBD@LN@AGOEGMN]@CBENLNUKCEK@
CND@eMKND@LK@UDFZN]@NMEKD@ZCFZND]@NMEKD@^FDGNFD@K@ZFMZBa@U@22]@
VBMNU@NTOFZNLBD@@RP]@UFO_zKD@CKDDKD@DKWUKCEBDa@KCEMK@DGND@
NHzKD]@TBLKfDK@K^FLKCZFNM@ND@LK@JBUKCEB@N@{MBKEBD@KU@?MEK@K@
AGOEGMN]@gGK@NTBFBG@2@TMBKEBD]@K@N@LK@{MBUBHIB@K@CEKMZU\FB@
LK@^KCEBD@LK@?MEK@K@AGOEGMN]@MKDTBCDe^KO@TKON@MKNOFhNHIB@LK@P2Q@
K^KCEBDa@?D@UKEND@VDFZND@LKDDND@NHzKD@EU@MKWFDEMNLB@CUKMBD@


\KU@DGTKMFBMKD@NBD@TMK^FDEBD@CN@KF@bMHNUKCEeMFN@?CGNO@TBM@ZBCEN@
LBD@MKZGMDBD@CIB@BMHNUKCEeMFBD@TMB^KCFKCEKD@LK@TNMZKMFND@ZBU@N@
{KEMB\MND]@gGK@TNMEFZFTBG@ZBU@@]2@UFO_zKD@NTKCND@CKDDND@LGND@
NHzKDa
?@NUTOFNHIB@LB@NZKDDB@LB@ZFLNLIB@NBD@\KCD@ZGOEGMNFD@EKU@
mrwxnuvrxvrtvrjnkjnwspkr}xnwxmnrkysmtrisktxmnwxn rkrmtvrx|nosn
\GDZBG@ZBCEKUTONM@TNMEFZGONMUKCEK@ND@FCFZFNEF^ND@^BOENLND@TNMN@
NUTOFNHIB@LB@T\OFZB@LK@EBLND@ND@KSTMKDDzKD@NMEDEFZND@LB@{NDa@
CEKCLKfDK@gGK@B@ZMKDZFUKCEB@LB@NZKDDB@TBTGONM@Dc@@TBDD^KO@
TBM@UKFB@LB@\NMNEKNUKCEB@LBD@ZGDEBD@LK@TMBLGHIB@K@LN@NUTOFNHIB@
LB@NOZNCZK@LBD@K^KCEBD@NMEDEFZBD@N@OBZNOFLNLKD@LKCEMB@K@VBMN@LB@
ZFMZGFEB@ZBUKMZFNO@EMNLFZFBCNOa@CFZFNEF^ND@CKDDK@DKCEFLB@EU@KVKFEB@
FUKLFNEB@CN@KSTNCDIB@LB@UKMZNLB@LK@EMN\NO_B@K@CN@KDEN\FOFLNLK@
uvxpmmrxkj~nwxmnjsktsmnwjno~tovj
B@gGK@ZBCZKMCK@NBD@DKWUKCEBD@LK@NMEKD@ZCFZND]@NMEKD@^FDGNFD]@
imrqj|nwjkjnsnqrvqx|njnuvsmskjnwxnv}xnxrnmrkrpqjtryjnkxn
EMNCDZBMMKM@LB@KSKMZZFBa
ND@? MEKD@ACFZND]@TNMEFZGONMUKCEK@CND@eMKND@LK@EKNEMB@K@LNCHN]@
VBMNU@TMKUFNLBD@@TMBKEBD]@WMNHND@`D@TNMZKMFND@VBMUNOFhNLND@
ZBU@N@{KEMB\MNDa@ND@?MEKD@FDGNFD]@B@TMBKEB@KLK@NZFBCNO@
LK@?MEKD@FDGNFD@NEGBG@KU@2@ZFLNLKD@\MNDFOKFMND]@TBM@UKFB@LK@
xpqrkjm|nuj~smtvjmnsnsuxmrsmn9smmsnmsisktx|nisvsqsnmsvn
OKU\MNLB@B@{MUFB@{MBEKFD@LK@?MEK@ABCEKUTBMCKN]@gGK@NTBFBG@
KSTBDFHzKD@LK@B\MND@LK@@NMEFDEND@CNZFBCNFD]@K@B@TMBKEB@DTNHBD@
JGCNMEK@LK@?MEKD@FDGNFD@f@IB@{NGOB]@gGK@TMKUFBG@BGEMBD@@
NMEFDEND@UKLFNCEK@KLFENO@T\OFZBa@ND@?MEKD@AFMZKCDKD]@R2@TMBKEBD@
VBMNU@ZBCEKUTONLBD@TBM@UKFB@LB@{MUFB@LK@DEUGOB@NB@AFMZBa@
bGEMND@FCFZFNEF^ND@TKMUFEFMNU@B@NTBFB@`@MKNOFhNHIB@LK@PR@VKDEF^NFD@
CND@eMKND@LK@NMEKD@ZCFZND]@NMEKD@^FDGNFD@K@UDFZN]@gGK@NEMNMNU@
ZKMZN@LK@@UFO@TKDDBNDa@K^KfDK@MKDDNOENM@N@ZBCEFCGFLNLK@LB@
{MBKEB@{FSFCWGFC_N]@gGK@ZBUKUBMBG@DKG@2@NCF^KMDeMFB@ZBU@R2@
smustqo~xmnvsj~rjwxmnsin
n okrqurxmnms~sqrxkjwxm
B@gGK@ZBCZKMCK@`@NHIB@LK@{MBUBHIB@K@CEKMZU\FB@LK@
^KCEBD@LK@?MEK@K@AGOEGMN]@LKCEMK@BD@P2Q@K^KCEBD@NTBFNLBD]@LK^KU@
msvnqrtjwjmnj~oijmnvsj~rjsmnijvqjktsm|nqxixnjn>nrskj~n
wsn mrqjnvjmr~srvjnxktsiuxv=ksj|njnxisixvj}xnwxmnn
?CBD@LN@DZBON@NZFBCNO@LK@AFMZB]@B@JKDEF^NO@CEKMCNZFBCNO@LK@
xtxvjpjnwsnxvtxn~svsnsnxn"sirkvrxnrmnrvsrtxmnotxvjrmn
LB@ZGOB@[a
8;40/82;3749/2/4;48;032691
$nX
b@ TMBWMNUN@ F^MB@?\KMEB]@ WKMKCZFNLB@ TKON@ JGCLNHIB@
r~rxtsqjn9jqrxkj~|nnxnrkmtvoisktxnqvrjwxnus~xn rknujvjn
NUTOFNM@K@LKUBZMNEFhNM@B@NZKDDB@LN@TBTGONHIB@NBD@\KCKVZFBD@LN@
OKFEGMNa@U@22]@KDDK@TMBWMNUN@NTOFZBG@MKZGMDBD@LN@BMLKU@LK@@
]@UFO_zKDa
N@eMKN@LB@F^MB@K@LN@KFEGMN]@TBM@UKFB@LN@NHIB@LK@CDENONHIB@
wsnr~rxtsqjmn~rqjm|nxvjinjworvrwxmnsorujisktxmnwsn
rijsi|nmxinsnwsnrkxvitrqj|nixr~rvrxnsnjqsvyxnr~rxvpqxn
ujvjnrkmtj~j}xnwsnnr~rxtsqjmnu~rqjmnsin okrqurxmnosn
NFCLN@CIB@ND@TBDDGKUa@DDKD@KgGFTNUKCEBD@DIB@VBMCKZFLBD@KU@
VBMUND@LK@FE@K]@MKDGUFLNUKCEK]@KC^BO^KU@ZBUTGENLBMKD]@KDENCEKD]@
TMNEKOKFMND]@UKDND]@ZNLKFMND]@@LK@Q@TBOKWNLND]@NTNMKO_BD@LK@DBU@
K@LK@]@LKCEMK@BGEMBD]@K@PaRR@EEGOBD@OFEKMeMFBDa
?OU@LN@ZBCDEFEGFHIB@LK@CB^BD@KDTNHBD]@@\F\OFBEKZND@e@
KSFDEKCEKD@VBMNU@MK^FENOFhNLND@CB@KSKMZZFB@TBM@FCEKMULFB@LN@NHIB@
wsn xwsvkrj}xnwsnr~rxtsqjmn~rqjm|nkjnoj~nxvjinju~rqjwxmn
@P]@UFO_IB@KU@22a

B@gGK@ZBCZKMCK@NB@JBUKCEB@N@{MBKEBD@AGOEGMNFD@CN@MKN@
wxn$ryvx|nwjn$srtovj|nwxnxklsqrisktxnrsktpqx|nqjw3irqxn
K@FEKMeMFB]@ZBCDENEBGfDK@B@NTBFB@N@P@TMBKEBD@ZBUB@VBMUN@LK@
KDEFUGONM@ND@MNMND@FCFZFNEF^ND@LK@NTMBVGCLNUKCEB@LB@ZBC_KZFUKCEB@
CNZFBCNO@CKDDN@eMKN@KU@TNMEFZGONMa@DDN@NHIB]@FDBONLNUKCEK]@
FC^KDEFG@@P]PUFO_IB@KU@22a
KCEMB@ LN@ NHIB@ FDEKUN@ NZFBCNO@ LK@ CVBMUNHzKD@
!KMKCZFNFD@K@AGOEGMNFD]@LB@TMBWMNUN@LK@!KDEIB@LN@{BOEFZN@LK@
o~tovj|njnokwj}xnr~rxtsqjn9jqrxkj~nwrmuxkrr~rxonjqsvyxmn
wrrtj~rjwxmnkjnrktsvkstnus~xnuvxstxnr~rxtsqjn9jqrxkj~nrrtj~n
os|njtoj~iskts|nqxktjnqxin
nir~nrtskmnrxvpqxm|noinir~l}xn
LK@FUNWKCD@K@QaP22@NMgGF^BD@DBCBMBD@ZBU@LBFD@UFO@WFWN\EKD@LK@
NMgGF^BD@LFWFENFD@NMUNhKCNLBDa
bGEMN@NHIB@\NDENCEK@MKTMKDKCENEF^N@CB@U\FEB@LN@JGCLNHIB@
jmjnwsnornjvxmjnsnwjnokwj}xnr~rxtsqjn9jqrxkj~|nnjnwsn
xkqsmm}xnwsnx~mjnkjnvsjnwxn$ryvxnsnwjn$srtovj|nosnusvirtron
jnxvij}xnwsnj~txnkys~nwsn
nusmmxjm|nwjnrkrqrj}xnqrsktpqjnjxn
TcDfLBGEBMNLB]@CB@FCEGFEB@LK@NUTOFNM@B@CUKMB@LK@TKDgGFDNLBMKD@K@
ZFKCEFDEND@\MNDFOKFMBD@CB@DKEBM@OFEKMeMFBa
5;241;5952/67837498
?@@?@A?@K@A?@
"$
b@LFDZGMDB@\MNDFOKFMB@DB\MK@F^KMDFLNLK@AGOEGMNO@ZBCDBOFLBGf
DK@K@WNC_BG@MKZBC_KZFUKCEB@UGCLFNOa
BMCBGfDK]@FCZOGDF^K]@N@TMFCZFTNO@MKVKMCZFN@LBD@TNDKD@LN@
?UMFZN@LB@GOa@B@ZNUTB@FCEKMCB]@ND@NHzKD@UFCFDEKMFNFD@EU@
\GDZNLB@MKZBC_KZKM@ND@ZGOEGMND@TBTGONMKD]@NVMBLKDZKCLKCEKD]@
ZFWNCND@K@FCLWKCNDa@U@22]@VBMNU@ONCHNLBD@B@P@ABCZGMDB@
{\OFZB@LK@CZOGDIB@AGOEGMNO@LN@{KDDBN@LBDN]@ZBU@2@TMKUFNHzKD@
qxkqswrwjmnxnnwrtj~nwsno~tovjmnxuo~jvsmnnwr}xn smtvsn
owj|nsinqxisixvj}xnjxnqsktskvrxnwxnvsyx|nosnskspqrxon
2@FCFZFNEF^ND@LKDEFCNLND@N@VBMENOKZKM]@TMBUB^KM@BG@MKZGTKMNM@
NDTKZEBD@EMNLFZFBCNFD@LN@KSTMKDDIB@ZGOEGMNO@\MNDFOKFMN@K@B@@
CZBCEMB@NZFBCNO@LK@NTTKMD@K@KTKCEFDEND]@gGK@MKGCFG@NMEFDEND@
LB@UB^FUKCEB@FTf_BT@K@ZNCENLBMKD@CBMLKDEFCBD]@KU@ANUTFCN@
vjkws
CZBCEMNUfDK@KU@NCLNUKCEB@B@P@LFENO@LK@AGOEGMND@AFWNCND]@
gGK@TMKUFNMe@2@TMBKEBD@K@B@@LFENO@LK@AGOEGMND@CLWKCND]@gGK@
ZBCEKUTONMe@BGEMND@P22@FCFZFNEF^NDa@DTKMNfDK@B@UKDUB@CLFZK@
LK@TNMEFZFTNHIB@LN@ZBUGCFLNLK@FCLWKCN@MKWFDEMNLB@CB@P@KLFENO]@
gGNCLB@VBMNU@MKZK\FLND@@FCDZMFHzKD@LK@LF^KMDBD@TB^BD@LK@
EBLND@ND@MKWFzKD@LB@{ND]@MKTMKDKCENCLB@2a222@TKDDBND@f@gGNDK@N@
istjwsnwjnuxuo~j}xnrkwskjnwxnvjmr~
b@ZBCZKFEB@LK@F^KMDFLNLK@AGOEGMNO@WNC_BG@LFUKCDzKD@
rkwrtjmnkjmnux~trqjmnjnqjvxnwxn rk|nosnujmmxonjnyj~xvrjvn
UNCFVKDENHzKD@K@DKWUKCEBD@DBZFNFD@gGK@ZBCEMF\GKU@TNMN@MKLGhFM@B@
TMKZBCZKFEB]@N@FCEBOKMCZFN]@N@^FBOCZFN@DBZFNO@K@N@_BUBVB\FNa@b@
MWIB@NDDGUFG@B@ZBUTMBUFDDB@LK@KDEFUGONM@N@ZGOEGMN@LN@TNh@TBM@
UKFB@LN@^NOBMFhNHIB@LB@TOGMNOFDUB@LKDDND@UNCFVKDENHzKD]@hKONCLB@
TNMN@gGK@DK@EBMCKU@^FD^KFD@K@MKDTKFENLND@CB@DKFB@LN@DBZFKLNLK@
\MNDFOKFMNa
U@MNhIB@LFDDB]@TBM@FCEKMULFB@LB@TMBWMNUN@LKCEFLNLK@K@
rysvmrwjwsno~tovj~|nxn rknujmmxonjnqxktsiu~jvnjsmnxvrrkvrjmn
LK@TBTGONHzKD@TNMEFZGONMFhNLND@f@ZBUB@ND@e@ZFENLND@DBZFKLNLKD@
FCLWKCND@K@ZFWNCND@@K@ND@ZGOEGMND@TBTGONMKD@BMFGCLND@LND@LF^KMDND@
MKWFzKD@\MNDFOKFMNDa@B@gGK@LFh@MKDTKFEB@NBD@DKWUKCEBD@DBZFNFD]@
xmnvouxmn$Xnjm|n$mrqjm|nXvjkm3ksvxmnsnrmmsojrmn


VBMNU@MKZBC_KZFLBD@TBM@DGN@FUTBMECZFN@TNMN@N@ZBCDEMGHIB@LK@GU@
NU\FKCEK@LK@TNh@K@LK@EBOKMCZFN]@LK@ZBU\NEK@`@LFDZMFUFCNHIB@K@`@
_BUBVB\FNa
KDDK@ZBCEKSEB]@VBF@ONCHNLB@B@@LFENO@LK@JBUKCEB@`D@
uvsmmsmno~tovjrmn$X|nosnqxktsiu~xonnxvjkrjsmnkxn
LKDKC^BO^FUKCEB@LK@TMBKEBD@KU@LF^KMDBD@DKWUKCEBD@ZGOEGMNFD]@
ZBUB@EKNEMB]@LNCHN]@UDFZN]@OFEKMNEGMN]@LKCEMK@BGEMBDa
DDK@TMBWMNUN@NEGN]@TMFCZFTNOUKCEK]@TBM@FCEKMULFB@LND@
NHzKD@LK@F^GOWNHIB@K@JBMENOKZFUKCEB@LND@AGOEGMND@{BTGONMKD]@
osnskspqrxonnuvxstxm|nsnwsnxisktxnjnvxstxmnwsnxijtsn
`@BUBVB\FN]@MKDTBCDe^KO@TKOB@NTBFB@N@BGEMBD@@TMBKEBDa@b@
TMBWMNUN@NTOFZBG@MKZGMDBD@LN@BMLKU@LK@@]2@UFO_zKD@KU@22a
?@AGOEGMN@KWMN@ENU\U@ZBCEN@ZBU@TMBWMNUN@TMcTMFB]@
o~tovjnvxvjmr~srvj|nosnrkysmtronn
Z|nir~lsmnkxn
EMNCDZBMMKM@LB@KSKMZZFBa@DDK@TMBWMNUN@EKU@NEGNLB@TBM@UKFB@LK@
LF^KMDND@NHzKD]@LKCEMK@ND@gGNFD@LK^KfDK@ZBCDFLKMNM@ND@DKWGFCEKD@
ECBLKDKC^BO^FUKCEB@ LND@ ABUGCFLNLKD@ KUNCKDZKCEKD@ LK@
GFOBU\BD@?DDFDECZFN@dGMLFZN@`D@ABUGCFLNLKD@KUNCKDZKCEKD@
wsnor~xixmnvxts}xnjxmnskmno~tovjrmnwjmnxiokrwjwsmn
KWMND@MNLFZFBCNFD@JBUKCEB@N@{MBKEBD@LN@AGOEGMN@?VMBf
vjmr~srvj
DDND@NHzKD@KDEIB@DB\@WKMKCZFNUKCEB@LN@JGCLNHIB@AGOEGMNO@
j~ijvsm|n okrwjwsn yrkqo~jwjn wxn rk|n osn tsin jtojwxn
TKMUNCKCEKUKCEK@ CND@ NHzKD@ LK@ TMBEKHIB@ LND@ ZBUGCFLNLKD@
EMNLFZFBCNFD@K@MKUNCKDZKCEKD@LK@gGFOBU\BD]@LK@UBLB@N@NDDKWGMNM@
DGN@DGDEKCEN\FOFLNLK@KU@DFCEBCFN@ZBU@N@EMNLFHIB@ZGOEGMNO@NVMBf
\MNDFOKFMN]@NFCLN@\NDENCEK@TMKDKCEK@KU@DGND@BMWNCFhNHzKDa@GMNCEK@
B@KSKMZZFB]@R@ZBUGCFLNLKD@CKWMND@VBMNU@LFMKENUKCEK@NTBFNLND@
TKOB@MWIB]@KCgGNCEB@P@VBMNU@B\KEB@LK@NDDFDECZFN@GMLFZN@KU@
gGKDEzKD@MKONZFBCNLND@ZBU@N@TMBEKHIB@LK@DKGD@EKMMFEcMFBD@BG@ZBU@
TMBZKDDBD@LK@MKWGONMFhNHIB@VGCLFeMFNa
?@TMBEKHIB@LBD@\KCD@ZGOEGMNFD@LND@ZBUGCFLNLKD@EMNLFZFBCNFD@
NVMBLKDZKCLKCEKD@]@ENU\U]@GUN@LND@^KMEKCEKD@LB@NTBFB@LB@
rkrmtvrx|nos|nsin|nssqotxonxrtxnuvxstxmnwrvsqrxkjwxmnujvjn
N@TMKDKM^NHIB@LK@@\KCD@LKDDND@ZBUGCFLNLKDa
B@gGK@LFh@MKDTKFEB@`@NHIB@LK@JBUKCEB@LN@{MBKEBD@LN@
o~tovjnvxvjmr~srvj|nwsktvsnxmnnuvxstxmnvsj~rjwxm|nwsysn
msvnwsmtjqjwjnjnrkjoovj}xnwxnjvosn sixvrj~nor~xixnwxmn
{NOUNMKD]@KU@?ONWBND]@gGK@TBDDF\FOFEN@B@LKDKC^BO^FUKCEB@LK@
CB^ND@OFC_ND@LK@TKDgGFDN@DB\MK@N@_FDEcMFZN@NVMBf\MNDFOKFMNa@JBMNU@
FC^KDEFLBD@@]2@UFO_zKD@CN@FCVMNKDEMGEGMN@LB@{NMgGK@ZBU@P2a222@
U@LK@eMKN@ZBCDEMGLN]@TKMUFEFCLB@gGK@KOK@MKZK\N@NLKgGNLNUKCEK@
WMNCLK@CUKMB@LK@^FDFENCEKDa
bGEMND@ MKNOFhNHzKD@ UKMKZKU@ DKM@ KOKCZNLND]@ ZBUB@ B@ @
KUFCeMFB@CEKMCNZFBCNO@CEKMZU\FBD@?VMBONEFCB@FNWCcDEFZBD@
K@{KMDTKZEF^ND@TNMN@N@ABUGCFLNLK@KWMN@CN@?UMFZN@NEFCN]@
MKNOFhNLB@CND@ZFLNLKD@LK@FB@LK@dNCKFMB@K@NO^NLBM]@ZBU@B@B\KEF^B@
LK@LKDKC^BO^KM@@B@FCEKMZU\FB@DcZFBfZGOEGMNO]@TBOEFZB@K@NZNLUFZB@
LND@TBTGONHzKD@NVMBfLKDZKCLKCEKD@LN@?UMFZN@NEFCNa@{NMEFZFTNMNU@
wxmnujrkrmnuvxsmmxvsmnwjnx~irj|nmtjwxmn%krwxmnsnvjmr~n
sysmsnqxkmtjv|ntjii|njns~jxvj}xnwxnxvt~rxnwsnsvpmnwsn
{MBKEBD@AGOEGMNFD@LN@ABUGCFLNLK@LK@{NDKD@LK@CWGN@{BMEGWGKDN@
f@A{{]@TMBWMNUN@gGK@\GDZN@UKZNCFDUBD@LK@LKDKC^BO^FUKCEB@LK@
NHzKD@LFMKZFBCNLND@TNMN@KDDK@DKWUKCEB@LN@DBZFKLNLKa@b@{BMEVcOFB@
xrnsktvsosnxpqrj~isktsnnxiokrwjwsnkjnnsokr}xnwsn
rkrmtvxmnwjno~tovjnwjn$|nsinkxysivxnwsn
260:0 ;9/59/6783749
"9$ 9Xnn9 nn%$X%
1

b@TMBWMNUN@KDKC^BO^FUKCEB@LN@ZBCBUFN@LN@AGOEGMN@
NTOFZBG@@Q]@UFO_zKD@KU@22@K@VBF@MKDTBCDe^KO@TBM@TNMEK@LND@
TNMZKMFND@LB@MWIB@gGK@MKDGOENMNU@CB@OK^NCENUKCEB@LK@LNLBD@
MKONZFBCNLBD@ZBU@B@DKEBM@ZGOEGMNOa@b@TONCKNUKCEB@LK@DENLB]@
NEGNOUKCEK]@ZBCEN@ZBU@\NDK@DcOFLN@LK@FCVBMUNHzKD@gGK@TKMUFEK@
B@LKDKC^BO^FUKCEB@LK@NHzKD@TBCEGNFD]@^BOENLND@TNMN@TBTGONHzKD@
K@EKMMFEcMFBD@TNMEFZGONMFhNLBDa@bD@KDVBMHBD@KU@B\EKM@FCVBMUNHzKD@
ZBCZMKEND@DB\MK@N@MKNOFLNLK@DBZFNO@K@ZGOEGMNO@LBD@\MNDFOKFMBD]@ZBUB]@
TBM@KSKUTOB]@B@LKOFCKNUKCEB@LB@?CGeMFB@LK@DENEDEFZND@AGOEGMNFD]@
FCDEMGUKCEB@LK@ZBUTFONHIB@LND@TMFCZFTNFD@FCVBMUNHzKD@LB@DKEBM@CB@
vjmr~|nyrmjinjusvsrxjvnxmnisqjkrmixmnwsns~jxvj}xnsnwsnsmt}xn
LND@TBOEFZND@T\OFZNDa
bGEMB@KDEGLB@FUTBMENCEK@VBF@B@GTOKUKCEB@LK@AGOEGMN@
qxkmtjktsnwjnsmormjnwsnkxvijsmnmrqjmn okrqrujrmnn
okrq|nuo~rqjwxnus~xnnsin|nosnwstj~ljnxnkisvxn
wsnsorujisktxmnqo~tovjrmnsrmtsktsmnsinn okrqurxmn
mtjnuo~rqj}xnusvirtsnrwsktrpqjvnojktxmntsjtvxm|nr~rxtsqjm|n
OF^MNMFND]@UGDKGD@K@BGEMBD@KgGFTNUKCEBD@KSFDEKU@KU@ZNLN@
okrqurxnmmsnvx~nwsnrkxvijsmnyrjr~rjvnux~trqjmnwsnqovtxn
K@LK@ULFB@TMNhB@LK@WMNCLK@FUTNZEB@TNMN@B@ZFLNLIBa@MNENfDK@LN@
TMFUKFMN@K@UNFD@ZBUTOKEN@FC^KDEFWNHIB@gGNOFENEF^N@K@gGNCEFENEF^N@
DB\MK@N@WKDEIB@ZGOEGMNO@CND@ZFLNLKD@\MNDFOKFMNDa
?D@NHzKD@^BOENLND@TNMN@B@VBMENOKZFUKCEB@LN@ZBCBUFN@LN@
AGOEGMN@VBMNU@TMFBMFhNLND@KU@22a@{BM@FCEKMULFB@LN@NHIB@
{MBUBHIB@LK@KWcZFBD@LK@ZBCBUFN@LN@AGOEGMN]@ZBUTGEBGfDK@@
KUTMKKCLFUKCEBD@NTBFNLBD]@ZBU@@]@UFO_zKD@LK@FC^KDEFUKCEBDa@
ABC^U@VMFDNM@gGK@N@MKNOFhNHIB@LK@VKFMND@LK@CKWcZFBD]@LK@VKDEF^NFD@
K@N@TMBUBHIB@LB@NMEKDNCNEB@EMNLFZFBCNO@WNC_NMNU@VBMHN@LGMNCEK@B@
KSKMZZFBa@
smtjqxomsnkjnvsjnwsnuvxix}xnwsnksqrxmnjnsrvjn mrqjn
vjmr~n|nvsj~rjwjnkxni3mnwsnsysvsrvxnsinsqrsn"sokwxn
B@K\MNK]@ND@MBLNLND@CKWBZFNFD@UB^FUKCENMNU@ZKMZN@LK@@R]2@
UFO_zKD@KU@2@MKGCFzKD@BZBMMFLND@LGMNCEK@N@JKFMNa@?OU@LFDDB]@
@KUTMKDND@EF^KMNU@DKGD@TONCBD@LK@CKWcZFB@N^NOFNLBD@TKOBD@
jkj~rmtjmnwxn"svjsnn9"|nosntjiinujvtrqruxonwjnsrvj|n
VKh@GUN@TMBDTKZHIB@LK@@P]2@UFO_zKD@LGMNCEK@B@K^KCEB]@KCEMK@
rkysmtrisktxmnsnpkjkqrjisktxm
GNCEB@`@TMBUBHIB@LB@NMEKDNCNEB]@N@NEF^FLNLK@ZGOEGMNO@
ijrmnwrmmsirkjwjnkxnjmnnmsokwxnwjwxmnwxnn|nlxoysnxn
ONCHNUKCEB@LB@{MBWMNUN@LK@{MBUBHIB@LB@?MEKDNCNEB@LK@MNLFHIB@
o~tovj~nnvxixjvt|nqxinxnxstryxnwsnoj~rpqjvnjnrkmsv}xnwxn
n
NMEKDNCNEB@LK@EMNLFHIB@ZGOEGMNO@CB@UKMZNLB@FCEKMCB@K@KSEKMCB]@
NUTOFNCLB@B@^BOGUK@LK@CKWcZFBD@MKNOFhNLBD@TKOND@ZBUGCFLNLKD@
NMEKDNCNFDa@b@{MBUBNME@NEGN@KU@EBLBD@BD@DENLBD@\MNDFOKFMBD]@
KC^BO^KCLB@ZKMZN@LK@2@ZBUGCFLNLKDa@U@DGN@TMFUKFMN@VNDK]@
ZNTNZFEBG@Pa22@NMEKDIBD]@R2@NWKCEKD@OBZNFD@K@@DKM^FLBMKD@
KDENLGNFD@KU@NEF^FLNLKD@MKONZFBCNLND@ZBU@TMBLGHIB]@OBWDEFZN@
K@WKDEIB@LK@KUTMKKCLFUKCEBDa@?@KDEFUNEF^N@@WKMNM@^BOGUK@LK@
CKWcZFBD@KU@EBMCB@LK@@P2]2@UFO_zKD@KU@22Ra@NOK@VMFDNM@gGK@
B@T\OFZB@LB@{MBUBNME@@\NDFZNUKCEK@VKUFCFCB@K@DKG@ONCHNUKCEB@
^KU@NB@KCZBCEMB@LND@TBOEFZND@^BOENLND@TNMN@ND@UGO_KMKD]@GUND@LND@
TMFBMFLNLKD@LB@!B^KMCB@JKLKMNOa
i"n%n9X% nn%ijn"n
!??@!b?
njtoj}xnwxn rknsinjyxvnwjnvswo}xnwjmnwsmroj~wjwsmn
MKWFBCNFD@TBLK@DKM@B\DKM^NLN@CBD@FC^KDEFUKCEBD@LFMKZFBCNLBD@TNMN@
N@FCZOGDIB@DBZFNO@K@TNMN@N@NUTOFNHIB@LN@NZKDDF\FOFLNLK@LB@ZFLNLIB@
NBD@\KCD@ZGOEGMNFDa


?D@ UNCFVKDENHzKD@ OBZNFD@ K@ MKWFBCNFD@ ENU\U@ VBMNU@
ZBCDNWMNLND@TKOND@NHzKD@LK@NTBFB@`D@LFVKMKCEKD@KSTMKDDzKD@LN@
LF^KMDFLNLK@ZGOEGMNO@\MNDFOKFMNa@?D@NHzKD@T\OFZND@EU@NEGNLB@LK@
UBLB@N@EMNCDTBM@ND@LKDFWGNOLNLKD@MKWFBCNFD]@VNhKCLB@N@ZGOEGMN@
ZFMZGONM@TKOB@EKMMFEcMFB@CNZFBCNO]@TMBUB^KCLB@B@FCEKMZU\FB@
ZGOEGMNO@FCEKMCB@LND@LFVKMKCEKD@KSTMKDDzKD@LK@CBDDN@NMEK@K@OK^NCLB@
BD@\KCKVZFBD@LN@NHIB@WB^KMCNUKCENO@TNMN@ZBUGCFLNLKD@gGK]@NE@
KCEIB]@KDEN^NU@`@UNMWKU@LB@ZFMZGFEB@EMNLFZFBCNOa
?@NEGNHIB@UFCFDEKMFNO@TBM@UKFB@LK@KLFENFD@T\OFZBD@TKMUFEFG]@CIB@
NTKCND@N@LKUBZMNEFhNHIB@K@N@EMNCDTNMCZFN@LB@NZKDDB@NBD@MKZGMDBD@
LFDTBCF\FOFhNLBD@TKON@{NDEN]@ZBUB@ENU\U@TBDDF\FOFEBG@NB@ZFLNLIB@
LK@gGNOgGKM@OBZNOFLNLK@NTMKDKCENM@DKGD@TMBKEBD]@ZBCZBMMKCLB@KU@
DFEGNHIB@LK@FWGNOLNLK@ZBU@BD@EMN\NO_BD@LKDKC^BO^FLBD@CBD@WMNCLKD@
ZKCEMBD@ZGOEGMNFDa
N@eMKN@LK@?GLFB^FDGNO]@B\DKM^BGfDK@B@VBUKCEB@N@TMBLGHzKD@
wrysvmjm|nuxvnisrxnwsnqxkqxvv3kqrjnu~rqj|nosnskspqrxonZn
uvxstxmnkjnvsjnwsnqrksij|nwxqoisktvrxmnsnp~ismnrkjktxoyskrmn
kxmnmtjwxmnwxnsjv|nmuvrtxn"jktx|n jvjkl}x|n jtxnvxmmxnwxn
"o~|n~jxjm|njlrj|n rkjmnsvjrm|n"jktjnjtjvrkj|nrxnvjkwsn
LB@GO]@FB@LK@dNCKFMB@K@IB@{NGOB]@NUTOFNCLB@B@CUKMB@LK@TBOBD@
ZGOEGMNFD@CKDDK@DKWUKCEBa
N@eMKN@LK@CZOGDIB@BZFNO@{KON@AGOEGMN@LK^K@DKM@MKDDNOENLN@N@
FCFZFNEF^N@LBD@{BCEBD@LK@AGOEGMN]@gGK@NEKCLK@N@TMBKEBD@e@KSFDEKCEKD@
LKDKC^BO^FLBD@KU@ZBUGCFLNLKD@LF^KMDND]@TNMEFZGONMUKCEK@ND@UNFD@
ZNMKCEKDa@DEFUNfDK@gGK@BD@TMBKEBD@KU@NCLNUKCEB@EMNMIB@\KCKVZFBD@
LFMKEBD@K@FCLFMKEBD@N@22@UFO@TKDDBND]@_N\FENCEKD@LK@VN^KOND]@LK@
TKMFVKMFND@BG@LK@ZBUGCFLNLKD@MGMNFDa@?@N\MNCWCZFN@EKMMFEBMFNO@LND@
jsmnwxn rknuxwsnmsvnqxkpvijwjnus~jnriu~sisktj}xnwsnxktxmn
KU@ZFLNLKD@\NDENCEK@NVNDENLND@LBD@WMNCLKD@ZKCEMBDa@?EGNOUKCEK@
m}xnnxktxmnsinokqrxkjisktxnkxnjmnsinn okrqurxmnwsn
EBLND@ND@MKWFzKD@\MNDFOKFMNDa
bGEMND@NHzKD@N\MNCWKCEKD@LFhKU@MKDTKFEB@NB@LKDKC^BO^FUKCEB@
LK@TMBKEBD@LK@NUTON@NZKDDF\FOFLNLK@TBTGONM@CND@eMKND@LK@UDFZN]@
NMEKD@ZCFZND@K@LNCHN]@TBM@UKFB@LN@ZFMZGONHIB@LK@KDTKEeZGOBD@CND@
LFVKMKCEKD@MKWFzKD@LB@{ND]@TNMEFZGONMUKCEK@CND@UNFD@TB\MKDa@bD@
TMBKEBD@TBTGONMKD@LK@ZFMZB@ENU\U@VBMNU@ZBCEKUTONLBD@TBM@UKFB@
LK@R2@TMKUFNHzKDa@?OU@LKDDKD]@ZBC^U@OKU\MNM@LN@MKEBUNLN@LB@
e@ZBC_KZFLB@{MBKEB@{FSFCWGFC_N]@gGK@TMBUB^KG@R2@KDTKEeZGOBD@
UGDFZNFD@N@TMKHBD@TBTGONMKD@KU@P@ZFLNLKD@LB@{NDa
ABC^U@LKDENZNM]@ENU\U]@B@EMN\NO_B@LN@JGCLNHIB@AGOEGMNO@
{NOUNMKD@CB@MKDWNEK@LN@FLKCEFLNLK@K@LN@ZGOEGMN@LND@ZBUGCFLNLKD@
NVMBLKDZKCLKCEKD]@gGK@NDDFDEFG@P@ZBUGCFLNLKD@CKWMND@KU@
gGKDEzKD@MKONZFBCNLND@ZBU@N@TMBEKHIB@K@MKWGONMFhNHIB@LK@DKGD@
EKMMFEcMFBDa@

693780/;
5;101;<\21/428; ;:9421
?MEa@PB@@JFZN@NTMB^NLB@B@{ONCB@NZFBCNO@LK@AGOEGMN]@KU@
ZBCVBMUFLNLK@ZBU@B@@B@LB@NMEa@P@LN@ABCDEFEGFHIB@JKLKMNO]@
ZBCDENCEK@LB@?CKSB]@ZBU@LGMNHIB@LK@P2@LKh@NCBD@K@MKWFLB@TKOBD@
DKWGFCEKD@TMFCZTFBD@
@f@OF\KMLNLK@LK@KSTMKDDIB]@ZMFNHIB@K@VMGFHIB@
@f@LF^KMDFLNLK@ZGOEGMNO@
@f@MKDTKFEB@NBD@LFMKFEBD@_GUNCBD@
@f@LFMKFEB@LK@EBLBD@`@NMEK@K@`@ZGOEGMN@
@f@LFMKFEB@`@FCVBMUNHIB]@`@ZBUGCFZNHIB@K@`@ZMEFZN@ZGOEGMNO@
@f@LFMKFEB@`@UKUcMFN@K@`D@EMNLFHzKD@
@f@MKDTBCDN\FOFLNLK@DBZFBNU\FKCENO@
@f@^NOBMFhNHIB@LN@ZGOEGMN@ZBUB@^KEBM@LB@LKDKC^BO^FUKCEB@
DGDEKCEe^KO@
@f@LKUBZMNEFhNHIB@LND@FCDECZFND@LK@VBMUGONHIB@LND@TBOEFZND@
ZGOEGMNFD@
@f@MKDTBCDN\FOFLNLK@LBD@NWKCEKD@T\OFZBD@TKON@FUTOKUKCENHIB@
LND@TBOEFZND@ZGOEGMNFD@
@f@ZBON\BMNHIB@KCEMK@NWKCEKD@T\OFZBD@K@TMF^NLBD@TNMN@B@
LKDKC^BO^FUKCEB@LN@KZBCBUFN@LN@ZGOEGMN@@
@f@TNMEFZFTNHIB@K@ZBCEMBOK@DBZFNO@CN@VBMUGONHIB@K@
NZBUTNC_NUKCEB@LND@TBOEFZND@ZGOEGMNFDa@

CDEFEGF@B@{ONCB@NZFBCNO@LK@AGOEGMN@f@{A]@ZMFN@B@FDEKUN@
NZFBCNO@LK@CVBMUNHzKD@K@CLFZNLBMKD@AGOEGMNFD@f@A@K@Le@
BGEMND@TMB^FLCZFNDa

?MEa@B@@IB@B\KEF^BD@LB@{ONCB@NZFBCNO@LK@AGOEGMN@
@f@MKZBC_KZKM@K@^NOBMFhNM@N@LF^KMDFLNLK@ZGOEGMNO]@ECFZN@K@
MKWFBCNO@\MNDFOKFMN@
@f@TMBEKWKM@K@TMBUB^KM@B@TNEMFUYCFB@_FDEcMFZB@K@NMEDEFZB]@
UNEKMFNO@K@FUNEKMFNO@
@f@^NOBMFhNM@K@LFVGCLFM@ND@ZMFNHzKD@NMEDEFZND@K@BD@\KCD@
ZGOEGMNFD@
@f@TMBUB^KM@B@LFMKFEB@`@UKUcMFN@TBM@UKFB@LBD@UGDKGD]@
NMgGF^BD@K@ZBOKHzKD@
@f@GCF^KMDNOFhNM@B@NZKDDB@`@NMEK@K@`@ZGOEGMN@
@f@KDEFUGONM@N@TMKDKCHN@LN@NMEK@K@LN@ZGOEGMN@CB@NU\FKCEK@
KLGZNZFBCNO@
nnsmtrio~jvnxnuskmjisktxnqvtrqxnsnvs@sryxnsintxvkxnwxmn
^NOBMKD@DFU\cOFZBD@
@f@KDEFUGONM@N@DGDEKCEN\FOFLNLK@DBZFBNU\FKCENO@
@f@LKDKC^BO^KM@N@KZBCBUFN@LN@ZGOEGMN]@B@UKMZNLB@FCEKMCB]@
B@ZBCDGUB@ZGOEGMNO@K@N@KSTBMENHIB@LK@\KCD]@DKM^FHBD@K@ZBCEKLBD@
ZGOEGMNFD@
@f@MKZBC_KZKM@BD@DN\KMKD]@ZBC_KZFUKCEBD@K@KSTMKDDzKD@
EMNLFZFBCNFD@K@BD@LFMKFEBD@LK@DKGD@LKEKCEBMKD@
>nnoj~rpqjvnjnsmt}xnkjnvsjnqo~tovj~nkxmnmstxvsmnu~rqxnsn
TMF^NLB@
>nnuvxpmmrxkj~rjvnsnsmusqrj~rjvnxmnjsktsmnsnsmtxvsmn
ZGOEGMNFD@
@f@LKDZKCEMNOFhNM@N@FUTOKUKCENHIB@LND@TBOEFZND@T\OFZND@
LK@ZGOEGMN@
@f@ZBCDBOFLNM@TMBZKDDBD@LK@ZBCDGOEN@K@TNMEFZFTNHIB@LN@
DBZFKLNLK@CN@VBMUGONHIB@LND@TBOEFZND@ZGOEGMNFD@
@f@NUTOFNM@N@TMKDKCHN@K@B@FCEKMZU\FB@LN@ZGOEGMN@\MNDFOKFMN@
CB@UGCLB@ZBCEKUTBMCKB@
@f@NMEFZGONM@K@FCEKWMNM@DFDEKUND@LK@WKDEIB@ZGOEGMNOa@

3541061 2156
54197
5JNHB@DN\KM@gGK@B@
ABCWMKDDB@NZFBCNO@LKZMKEN@K@KG@DNCZFBCB@N@DKWGFCEK@KF@

693780/;;
591/934;47;<\21/50/0524/48;60

./0/89:0/:96;0:98/
6783749/82;/
52/
:/-./52/
--.
82;/:/-./52//52/52 2 440/52/-.


?MEa@B@@ABUTKEK@NB@TBLKM@T\OFZB]@CBD@EKMUBD@LKDEN@KF@
@f@VBMUGONM@TBOEFZND@T\OFZND@K@TMBWMNUND@gGK@ZBCLGhNU@`@
KVKEF^NHIB@LBD@B\KEF^BD]@LFMKEMFhKD@K@UKEND@LB@{ONCB@
@f@WNMNCEFM@N@N^NOFNHIB@K@N@UKCDGMNHIB@LB@LKDKUTKC_B@LB@
{ONCB@NZFBCNO@LK@AGOEGMN@K@NDDKWGMNM@DGN@KVKEF^NHIB@TKOBD@cMWIBD@
MKDTBCDe^KFD@
@f@VBUKCENM@N@ZGOEGMN@LK@VBMUN@NUTON]@TBM@UKFB@LN@TMBUBHIB@
K@LFVGDIB]@LN@MKNOFhNHIB@LK@KLFENFD@K@DKOKHzKD@T\OFZND@TNMN@B@
KDEUGOB@N@TMBKEBD@K@TMBZKDDBD@ZGOEGMNFD]@LN@ZBCZKDDIB@LK@NTBFB@
pkjkqsrvxnsnpmqj~njxmnjsktsmnqo~tovjrm|nwjnjwx}xnwsnmomwrxmn
KZBCYUFZBD]@LN@FUTONCENHIB@MKWGONLN@LK@VGCLBD@T\OFZBD@K@
TMF^NLBD]@KCEMK@BGEMBD@FCZKCEF^BD]@CBD@EKMUBD@LN@OKF@
@f@TMBEKWKM@K@TMBUB^KM@N@LF^KMDFLNLK@ZGOEGMNO]@N@ZMFNHIB@
NMEDEFZN@K@DGND@UNCFVKDENHzKD@K@ND@KSTMKDDzKD@ZGOEGMNFD]@FCLF^FLGNFD@
BG@ZBOKEF^ND]@LK@EBLBD@BD@WMGTBD@ECFZBD@K@DGND@LKMF^NHzKD@DBZFNFD]@
MKZBC_KZKCLB@N@N\MNCWCZFN@LN@CBHIB@LK@ZGOEGMN@KU@EBLB@B@
EKMMFEcMFB@CNZFBCNO@K@WNMNCEFCLB@N@UGOEFTOFZFLNLK@LK@DKGD@^NOBMKD@
K@VBMUNHzKD@
@f@TMBUB^KM@K@KDEFUGONM@B@NZKDDB@`@TMBLGHIB@K@NB@
KUTMKKCLFUKCEB@ZGOEGMNO@N@ZFMZGONHIB@K@B@FCEKMZU\FB@LK@\KCD]@
DKM^FHBD@K@ZBCEKLBD@ZGOEGMNFD@K@B@ZBCENEB@K@N@VMGFHIB@LB@T\OFZB@
ZBU@N@NMEK@K@N@ZGOEGMN@LK@VBMUN@GCF^KMDNO@
@f@WNMNCEFM@N@TMKDKM^NHIB@LB@TNEMFUYCFB@ZGOEGMNO@\MNDFOKFMB]@
MKDWGNMLNCLB@BD@\KCD@LK@CNEGMKhN@UNEKMFNO@K@FUNEKMFNO]@BD@
LBZGUKCEBD@_FDEcMFZBD]@NZKM^BD@K@ZBOKHzKD]@ND@VBMUNHzKD@GM\NCND@K@
MGMNFD]@ND@OCWGND@K@ZBDUBOBWFND@FCLWKCND]@BD@DEFBD@NMgGKBOcWFZBD@
TMf_FDEcMFZBD@K@ND@B\MND@LK@NMEK]@EBUNLBD@FCLF^FLGNOUKCEK@BG@
KU@ZBCGCEB]@TBMENLBMKD@LK@MKVKMCZFN@NBD@^NOBMKD]@FLKCEFLNLKD]@
NHzKD@K@UKUcMFND@LBD@LFVKMKCEKD@WMGTBD@VBMUNLBMKD@LN@DBZFKLNLK@
\MNDFOKFMN@
@f@NMEFZGONM@ND@TBOEFZND@T\OFZND@LK@ZGOEGMN@K@TMBUB^KM@N@
BMWNCFhNHIB@LK@MKLKD@K@ZBCDcMZFBD@TNMN@N@DGN@FUTONCENHIB]@LK@VBMUN@
FCEKWMNLN@ZBU@ND@TBOEFZND@T\OFZND@LK@KLGZNHIB]@ZBUGCFZNHIB]@
ZFCZFN@K@EKZCBOBWFN]@LFMKFEBD@_GUNCBD]@UKFB@NU\FKCEK]@EGMFDUB]@
TONCKNUKCEB@GM\NCB@K@ZFLNLKD]@LKDKC^BO^FUKCEB@KZBCYUFZB@K@
DBZFNO]@FCLDEMFN@K@ZBUMZFB]@MKONHzKD@KSEKMFBMKD]@LKCEMK@BGEMND@
@f@LFCNUFhNM@ND@TBOEFZND@LK@FCEKMZU\FB@K@N@LFVGDIB@LN@
ZGOEGMN@\MNDFOKFMN@CB@KSEKMFBM]@TMBUB^KCLB@\KCD@ZGOEGMNFD@K@ZMFNHzKD@
NMEDEFZND@\MNDFOKFMND@CB@NU\FKCEK@FCEKMCNZFBCNO@LNM@DGTBMEK@`@
TMKDKCHN@LKDDKD@TMBLGEBD@CBD@UKMZNLBD@LK@FCEKMKDDK@KZBCYUFZB@K@
WKBTBOEFZB@LB@{ND@
@f@BMWNCFhNM@FCDECZFND@ZBCDGOEF^ND@K@LK@TNMEFZFTNHIB@LN@
DBZFKLNLK@TNMN@ZBCEMF\GFM@CN@VBMUGONHIB@K@LK\NEKM@KDEMNEWFND@LK@
KSKZGHIB@LND@TBOEFZND@T\OFZND@LK@ZGOEGMN@
@f@MKWGONM@B@UKMZNLB@FCEKMCB]@KDEFUGONCLB@BD@TMBLGEBD@
ZGOEGMNFD@\MNDFOKFMBD@ZBU@B@B\KEF^B@LK@MKLGhFM@LKDFWGNOLNLKD@
mxqrjrmnsnvsrxkjrm|nuvxpmmrxkj~rjkwxnxmnjsktsmnqo~tovjrm|n
xvij~rjkwxnxnisvqjwxnsnoj~rpqjkwxnjmnvs~jsmnwsntvjj~lxnkjn
ZGOEGMN]@ZBCDBOFLNCLB@K@NUTOFNCLB@BD@C^KFD@LK@KUTMKWB@K@MKCLN]@
VBMENOKZKCLB@MKLKD@LK@ZBON\BMNHIB]@^NOBMFhNCLB@KUTMKKCLFUKCEBD@
LK@KZBCBUFN@DBOFLeMFN@K@ZBCEMBONCLB@N\GDBD@LK@TBLKM@KZBCYUFZB@
@f@ZBBMLKCNM@B@TMBZKDDB@LK@KON\BMNHIB@LK@TONCBD@DKEBMFNFD@
TNMN@ND@LFVKMKCEKD@eMKND@NMEDEFZND]@MKDTKFENCLB@DKGD@LKDLB\MNUKCEBD@
K@DKWUKCENHzKD]@K@ENU\U@TNMN@BD@LKUNFD@ZNUTBD@LK@UNCFVKDENHIB@
mri~rqjnrwsktrpqjwxmnsktvsnjmnwrysvmjmnsuvsmmsmnqo~tovjrmnsnosn
MKF^FCLFgGKU@N@DGN@KDEMGEGMNHIB@CNZFBCNO@
@f@FCZKCEF^NM@N@NLKDIB@LK@BMWNCFhNHzKD@K@FCDEFEGFHzKD@LB@
DKEBM@TMF^NLB@K@KCEFLNLKD@LN@DBZFKLNLK@ZF^FO@`D@LFMKEMFhKD@K@UKEND@LB@
{ONCB@NZFBCNO@LK@AGOEGMN@TBM@UKFB@LK@NHzKD@TMcTMFND]@TNMZKMFND]@
8

TNMEFZFTNHIB@KU@TMBWMNUND@K@FCEKWMNHIB@NB@FDEKUN@NZFBCNO@LK@
CVBMUNHzKD@K@CLFZNLBMKD@AGOEGMNFD@f@Aa@
@PB@@b@FDEKUN@NZFBCNO@LK@AGOEGMN@f@A]@ZMFNLB@TBM@OKF@
smusqpqj|nmsvnxnuvrkqruj~njvtrqo~jwxvnswsvjtryxnwxn9|n
KDEN\KOKZKCLB@UKZNCFDUBD@LK@WKDEIB@ZBUTNMEFO_NLN@KCEMK@BD@KCEKD@
VKLKMNLBD@K@N@DBZFKLNLK@ZF^FOa@
@Bnnnyrkqo~j}xnwxmnmtjwxm|nrmtvrtxnswsvj~nsn okrqurxmn
`D@LFMKEMFhKD@K@UKEND@LB@{ONCB@NZFBCNO@LK@AGOEGMN@VNMfDKfe@TBM@
UKFB@LK@EKMUB@LK@NLKDIB@^BOGCEeMFN]@CN@VBMUN@LB@MKWGONUKCEBa@
@B@@bD@KCEKD@LN@JKLKMNHIB@gGK@NLKMFMKU@NB@{ONCB@NZFBCNO@
LK@AGOEGMN@LK^KMIB@KON\BMNM@BD@DKGD@TONCBD@LKZKCNFD@NE@P@GU@NCB@
NTcD@N@NDDFCNEGMN@LB@EKMUB@LK@NLKDIB@^BOGCEeMFNa@
@B@@b@{BLKM@SKZGEF^B@VKLKMNO]@B\DKM^NLBD@BD@OFUFEKD@
BMHNUKCEeMFBD@K@BTKMNZFBCNFD]@TBLKMe@BVKMKZKM@NDDFDECZFN@EZCFZN@
snpkjkqsrvjnjxmnsktsmnwjnswsvj}xnosnjwsvrvsinjxn~jkx|nkxmn
EKMUBD@LK@MKWGONUKCEBa@@
@B@@{BLKMIB@ZBON\BMNM@ZBU@B@{ONCB@NZFBCNO@LK@AGOEGMN]@
KU@ZNMeEKM@^BOGCEeMFB]@BGEMBD@KCEKD]@T\OFZBD@K@TMF^NLBD]@ENFD@ZBUB@
KUTMKDND]@BMWNCFhNHzKD@ZBMTBMNEF^ND@K@DFCLFZNFD]@BMWNCFhNHzKD@
LN@DBZFKLNLK@ZF^FO]@VGCLNHzKD]@TKDDBND@VDFZND@K@GMLFZND@gGK@DK@
UB\FOFhKU@TNMN@N@WNMNCEFN@LBD@TMFCZTFBD]@B\KEF^BD]@LFMKEMFhKD@K@
istjmnwxn9|nsmtjs~sqskwxntsvixmnwsnjwsm}xnsmusqpqxmn
@Bnnn rkrmtvrxnwjno~tovjnssvqsvnjnok}xnwsnqxxvwskj}xn
KSKZGEF^N@LB@{ONCB@NZFBCNO@LK@AGOEGMN@f@{A]@ZBCVBMUK@KDEN@
$sr|npqjkwxnvsmuxkmys~nus~jnxvjkrj}xnwsnmojmnrkmt=kqrjm|n
TKOBD@EKMUBD@LK@NLKDIB]@TKON@FUTONCENHIB@LB@FDEKUN@NZFBCNO@LK@
CVBMUNHzKD@K@CLFZNLBMKD@AGOEGMNFD@f@A]@TKOB@KDEN\KOKZFUKCEB@
wsnistjm|nus~xmnvsrisktxmnsnwsijrmnsmusqrpqjsmnksqsmmvrjmnn
DGN@FUTONCENHIBa@
693780/;;;
50/>;:9:6;9 2:30
?MEa@B@@bD@TONCBD@TOGMFNCGNFD]@ND@OKFD@LK@LFMKEMFhKD@
BMHNUKCEeMFND@K@ND@OKFD@BMHNUKCEeMFND@LN@CFIB@K@LBD@KCEKD@LN@
VKLKMNHIB@gGK@NLKMFMKU@`D@LFMKEMFhKD@K@UKEND@LB@{ONCB@NZFBCNO@LK@
AGOEGMN@LFDTBMIB@DB\MK@BD@MKZGMDBD@N@DKMKU@LKDEFCNLBD@`@KSKZGHIB@
LND@NHzKD@ZBCDENCEKD@LB@?CKSB@LKDEN@KFa@
?MEa@B@@b@JGCLB@NZFBCNO@LK@AGOEGMN]@TBM@UKFB@LK@DKGD@VGCLBD@
DKEBMFNFD]@DKMe@B@TMFCZFTNO@UKZNCFDUB@LK@VBUKCEB@`D@TBOEFZND@
ZGOEGMNFDa@
?MEa@B@@?@NOBZNHIB@LK@MKZGMDBD@T\OFZBD@VKLKMNFD@LKDEFCNLBD@`D@
jsmnqo~tovjrmnkxmnmtjwxm|nkxnrmtvrtxnswsvj~nsnkxmn okrqurxmn
LK^KMe@B\DKM^NM@ND@LFMKEMFhKD@K@UKEND@KDEN\KOKZFLND@CKDEN@KFa@
{NMeWMNVB@CFZBa@@bD@MKZGMDBD@VKLKMNFD@EMNCDVKMFLBD@NBD@
mtjwxm|njxnrmtvrtxnswsvj~nsnjxmn okrqurxmnwsysv}xnmsvn
NTOFZNLBD@TMFBMFENMFNUKCEK@TBM@UKFB@LK@JGCLB@LK@AGOEGMN]@gGK@DKMe@
jqxiujkljwxnsnpmqj~rjwxnuxvnxkms~lxnwsno~tovj|nkjnxvijnwxn
MKWGONUKCEBa@
?MEa@Bnnn rkrmtvrxnwjno~tovj|nkjnqxkwr}xnwsnqxxvwskjwxvn
KSKZGEF^B@LB@{ONCB@NZFBCNO@LK@AGOEGMN]@LK^KMe@KDEFUGONM@N@
wrysvmrpqj}xnwxmnisqjkrmixmnwsnpkjkqrjisktxnujvjnjnqo~tovjnwsn
VBMUN@N@NEKCLKM@BD@B\KEF^BD@LKDEN@KF@K@KOK^NM@B@EBENO@LK@MKZGMDBD@
LKDEFCNLBD@NB@DKEBM@TNMN@WNMNCEFM@B@DKG@ZGUTMFUKCEBa@


693780/;
50/1;132 9/52/ 0:;3049 2:30/2/998;9<=0
?MEa@RBnnxiustsnjxn rkrmtvrxnwjno~tovjnixkrtxvjvnsnjyj~rjvn
usvrxwrqjisktsnxnj~qjkqsnwjmnwrvstvrsmnsnspqqrjnwjmnistjmnwxn
{ONCB@NZFBCNO@LK@AGOEGMN@ZBU@\NDK@KU@FCLFZNLBMKD@CNZFBCNFD]@
vsrxkjrmnsn~xqjrmnosnojktrposinjnxsvtjnsnjnwsijkwjnuxvn
\KCD]@DKM^FHBD@K@ZBCEKLBD]@BD@C^KFD@LK@EMN\NO_B]@MKCLN@K@
NZKDDB@LN@ZGOEGMN]@LK@FCDEFEGZFBCNOFhNHIB@K@WKDEIB@ZGOEGMNO]@LK@
LKDKC^BO^FUKCEB@KZBCYUFZBfZGOEGMNO@K@LK@FUTONCENHIB@DGDEKCEe^KO@
LK@KgGFTNUKCEBD@ZGOEGMNFDa@
{NMeWMNVB@CFZBa@@b@TMBZKDDB@LK@UBCFEBMNUKCEB@K@N^NOFNHIB@
LB@{A@ZBCENMe@ZBU@N@TNMEFZFTNHIB@LB@ABCDKO_B@NZFBCNO@LK@
{BOEFZN@AGOEGMNO]@EKCLB@B@NTBFB@LK@KDTKZFNOFDEND]@EZCFZBD@K@
NWKCEKD@ZGOEGMNFD]@LK@FCDEFEGEBD@LK@TKDgGFDN]@LK@GCF^KMDFLNLKD]@LK@
FCDEFEGFHzKD@ZGOEGMNFD]@LK@BMWNCFhNHzKD@K@MKLKD@DBZFBZGOEGMNFD]@NOU@
LB@NTBFB@LK@BGEMBD@cMWIBD@ZBOKWFNLBD@LK@ZNMeEKM@ZBCDGOEF^B]@CN@
VBMUN@LB@MKWGONUKCEBa@
?MEa@QB@@JFZN@ZMFNLB@B@FDEKUN@NZFBCNO@LK@CVBMUNHzKD@K@
CLFZNLBMKD@AGOEGMNFD@f@A]@ZBU@BD@DKWGFCEKD@B\KEF^BD@
@ f@ ZBOKENM]@ DFDEKUNEFhNM@ K@ FCEKMTMKENM@ LNLBD]@ VBMCKZKM@
UKEBLBOBWFND@K@KDEN\KOKZKM@TNMUKEMBD@`@UKCDGMNHIB@LN@NEF^FLNLK@
LB@ZNUTB@ZGOEGMNO@K@LND@CKZKDDFLNLKD@DBZFNFD@TBM@ZGOEGMN]@gGK@
TKMUFENU@N@VBMUGONHIB]@UBCFEBMNUKCEB]@WKDEIB@K@N^NOFNHIB@LND@
TBOEFZND@T\OFZND@LK@ZGOEGMN@K@LND@TBOEFZND@ZGOEGMNFD@KU@WKMNO]@
ysvrpqjkwxnsnvjqrxkj~rjkwxnjnriu~sisktj}xnwxn9nsnmojn
MK^FDIB@CBD@TMNhBD@TMK^FDEBD@
@ f@ LFDTBCF\FOFhNM@ KDENEDEFZND]@ FCLFZNLBMKD@ K@ BGEMND@
FCVBMUNHzKD@MKOK^NCEKD@TNMN@N@ZNMNZEKMFhNHIB@LN@LKUNCLN@K@BVKMEN@
LK@\KCD@ZGOEGMNFD]@TNMN@N@ZBCDEMGHIB@LK@UBLKOBD@LK@KZBCBUFN@K@
DGDEKCEN\FOFLNLK@LN@ZGOEGMN]@TNMN@N@NLBHIB@LK@UKZNCFDUBD@LK@
FCLGHIB@K@MKWGONHIB@LN@NEF^FLNLK@KZBCYUFZN@CB@ZNUTB@ZGOEGMNO]@
LNCLB@NTBFB@NBD@WKDEBMKD@ZGOEGMNFD@T\OFZBD@K@TMF^NLBD@
@f@KSKMZKM@K@VNZFOFENM@B@U BCFEBMNUKCEB@K@N^NOFNHIB@LND@TBOEFZND@
T\OFZND@LK@ZGOEGMN@K@LND@TBOEFZND@ZGOEGMNFD@KU@WKMNO]@NDDKWGMNCLB@
NB@TBLKM@T\OFZB@K@`@DBZFKLNLK@ZF^FO@B@NZBUTNC_NUKCEB@LB@
LKDKUTKC_B@LB@{Aa@
?MEa@P2a@@b@FDEKUN@NZFBCNO@LK@CVBMUNHzKD@K@CLFZNLBMKD@
AGOEGMNFD@f@A@EKMe@ND@DKWGFCEKD@ZNMNZEKMDEFZND@
@f@B\MFWNEBMFKLNLK@LN@FCDKMHIB@K@NEGNOFhNHIB@TKMUNCKCEK@LK@
wjwxmnus~jn%kr}xnsnus~xmnmtjwxm|nrmtvrtxnswsvj~nsn okrqurxmn
gGK@^FKMKU@N@NLKMFM@NB@{ONCB@
@f@ZNMeEKM@LKZONMNEcMFB@
@f@TMBZKDDBD@FCVBMUNEFhNLBD@LK@LKZONMNHIB]@NMUNhKCNUKCEB@
K@KSEMNHIB@LK@LNLBD@
@f@NUTON@TG\OFZFLNLK@K@EMNCDTNMCZFN@TNMN@ND@FCVBMUNHzKD@
LKZONMNLND@K@DFDEKUNEFhNLND]@TMKVKMKCZFNOUKCEK@KU@UKFBD@LFWFENFD]@
NEGNOFhNLBD@EKZCBOBWFZNUKCEK@K@LFDTBC^KFD@CN@MKLK@UGCLFNO@LK@
ZBUTGENLBMKDa@
@PB@@b@LKZONMNCEK@DKMe@MKDTBCDe^KO@TKON@FCDKMHIB@LK@LNLBD@
CB@TMBWMNUN@LK@LKZONMNHIB@K@TKON@^KMNZFLNLK@LND@FCVBMUNHzKD@
FCDKMFLND@CN@\NDK@LK@LNLBDa@
@B@@?D@FCVBMUNHzKD@ZBOKENLND@DKMIB@TMBZKDDNLND@LK@VBMUN@
DFDEUFZN@K@B\KEF^N@K@LK^KMIB@FCEKWMNM@B@TMBZKDDB@LK@UBCFEBMNUKCEB@
K@N^NOFNHIB@LB@{Aa@
?

@Bnnn rkrmtvrxnwjno~tovjnuxwsvnuvxixysvnujvqsvrjmnsn
ZBC^CFBD@ZBU@FCDEFEGFHzKD@KDTKZFNOFhNLND@CN@eMKN@LK@KZBCBUFN@
wjnqo~tovj|nwsnusmormjmnmxqrxsqxkirqjmnsnwsixvpqjmnujvjnjn
ZBCDEFEGFHIB@LB@FDEKUN@NZFBCNO@LK@CVBMUNHzKD@K@CLFZNLBMKD@
AGOEGMNFD@f@Aa@
693780/
5;101;<\21/>;:9;1
?MEa@PPa@@b@{ONCB@NZFBCNO@LK@AGOEGMN@DKMe@MK^FDEB@
TKMFBLFZNUKCEK]@ EKCLB@ ZBUB@ B\KEF^B@ N@ NEGNOFhNHIB@ K@ B@
NTKMVKFHBNUKCEB@LK@DGND@LFMKEMFhKD@K@UKENDa@
{NMeWMNVB@CFZBa@@?@TMFUKFMN@MK^FDIB@LB@{ONCB@DKMe@MKNOFhNLN@
NTcD@@gGNEMB@NCBD@LN@TMBUGOWNHIB@LKDEN@KF]@NDDKWGMNLN@N@
TNMEFZFTNHIB@LB@ABCDKO_B@NZFBCNO@LK@{BOEFZN@AGOEGMNO@f@A{A@K@
LK@NUTON@MKTMKDKCENHIB@LB@TBLKM@T\OFZB@K@LN@DBZFKLNLK@ZF^FO]@CN@
VBMUN@LB@MKWGONUKCEBa@
?MEa@Pa@@b@TMBZKDDB@LK@MK^FDIB@LND@LFMKEMFhKD@K@KDEN\KOKZFUKCEB@
LK@UKEND@TNMN@B@{ONCB@NZFBCNO@LK@AGOEGMN@f@{A@DKMe@LKDKC^BO^FLB@
TKOB@ABUFE@SKZGEF^B@LB@{ONCB@NZFBCNO@LK@AGOEGMNa@
@PB@@b@ABUFE@SKZGEF^B@DKMe@ZBUTBDEB@TBM@UKU\MBD@
rkwrqjwxmnus~xnxkvsmmxn9jqrxkj~nsnus~xn rkrmtvrxnwjno~tovj|n
EKCLB@N@TNMEFZFTNHIB@LK@MKTMKDKCENCEKD@LB@ABCDKO_B@NZFBCNO@
LK@{BOEFZN@AGOEGMNO@f@A{A]@LBD@KCEKD@gGK@NLKMFMKU@NB@{ONCB@
NZFBCNO@LK@AGOEGMN@f@{A@K@LB@DKEBM@ZGOEGMNOa@
@B@@?D@UKEND@LK@LKDKC^BO^FUKCEB@FCDEFEGZFBCNO@K@ZGOEGMNO@
ujvjnxmn
nwsnjkxmnwsnyr3kqrjnwxn~jkxnmsv}xnpjwjmnus~jn
ZBBMLKCNHIB@KSKZGEF^N@LB@{ONCB@NZFBCNO@LK@AGOEGMN@f@{A@N@TNMEFM@
LK@DG\DLFBD@LB@FDEKUN@NZFBCNO@LK@CVBMUNHzKD@K@CLFZNLBMKD@
AGOEGMNFD@f@A@K@DKMIB@TG\OFZNLND@KU@PR2@ZKCEB@K@BFEKCEN@LFND@
N@TNMEFM@LN@KCEMNLN@KU@^FWBM@LKDEN@KFa@
?MEa@Pa@@?@CFIB@K@BD@KCEKD@LN@VKLKMNHIB@gGK@NLKMFMKU@NB@{ONCB@
LK^KMIB@LNM@NUTON@TG\OFZFLNLK@K@EMNCDTNMCZFN@NB@DKG@ZBCEKLB]@
\KU@ZBUB@`@MKNOFhNHIB@LK@DGND@LFMKEMFhKD@K@UKEND]@KDEFUGONCLB@N@
EMNCDTNMCZFN@K@B@ZBCEMBOK@DBZFNO@KU@DGN@FUTOKUKCENHIBa@
?MEa@Pa@@?@ABCVKMCZFN@NZFBCNO@LK@AGOEGMN@K@ND@ZBCVKMCZFND@
DKEBMFNFD@DKMIB@MKNOFhNLND@TKOB@{BLKM@SKZGEF^B@VKLKMNO]@KCgGNCEB@
xmnsktsmnosnjwsvrvsinjxn9npqjv}xnvsmuxkmysrmnus~jnvsj~rj}xn
LK@ZBCVKMCZFND@CB@U\FEB@LK@DGND@ZBUTKECZFND@TNMN@B@LK\NEK@LK@
KDEMNEWFND@K@B@KDEN\KOKZFUKCEB@LN@ZBBTKMNHIB@KCEMK@BD@NWKCEKD@
T\OFZBD@K@N@DBZFKLNLK@ZF^FO@TNMN@N@FUTOKUKCENHIB@LB@{ONCB@
NZFBCNO@LK@AGOEGMN@f@{Aa
jvvjxnkrqxnnrqjnmxnvsmuxkmjr~rwjwsnwxn rkrmtvrxn
LN@AGOEGMN@N@MKNOFhNHIB@LN@ABCVKMCZFN@NZFBCNO@LK@AGOEGMN@K@
LK@ZBCVKMCZFND@DKEBMFNFD]@ZN\KCLB@NBD@LKUNFD@KCEKD@VKLKMNLBD@N@
MKNOFhNHIB@LK@ZBCVKMCZFND@KDENLGNFD@K@UGCFZFTNFD@TNMN@LK\NEKM@
KDEMNEWFND@K@KDEN\KOKZKM@N@ZBBTKMNHIB@KCEMK@BD@NWKCEKD@T\OFZBD@K@
LN@DBZFKLNLK@ZF^FO@TNMN@N@FUTONCENHIB@LB@{A@K@LBD@LKUNFD@TONCBDa@
?MEa@Pa@@DEN@KF@KCEMN@KU@^FWBM@CN@LNEN@LK@DGN@TG\OFZNHIBa@
vjm~rj|nnnnwsnwssivxnwsn
n
Z#B@LN@CLKTKCLCZFN@K@
PB@LN@KT\OFZNa@
@Ab@?@?@?
4'61+& )3-)
11+4'+'.)+-((-'()@@


9:280
89:0/:96;0:98/52/6783749
5;4234; 21/213493;91/2/9<\21
693780/;//50/213950/>043982624/9/>7:<=0/50/
213950/:9/;:13;376;0:98; 9<=0/591/083;691/
6783749;1//
;:32:1;>;694/0/89:259 2:30/52/4049 91/2/
9<\21/0839591/90/69 0/67837498/
60:108;594/9/28267<=0/52/083;691/48;691/
949/6783749
b@{ONCB@NZFBCNO@LK@AGOEGMN@KDEe@^BOENLB@NB@KDEN\KOKZFUKCEB@
LK@TMFCZTFBD]@B\KEF^BD]@TBOEFZND]@LFMKEMFhKD@K@UKEND@TNMN@WKMNM@
ZBCLFHzKD@LK@NEGNOFhNHIB]@LKDKC^BO^FUKCEB@K@TMKDKM^NHIB@LND@
NMEKD@K@LND@KSTMKDDzKD@ZGOEGMNFD]@FCZOGDF^K@NgGKOND@NE@KCEIB@
LKDZBCDFLKMNLND@TKON@NHIB@LB@DENLB@CB@{NDa@
n~jkxnvsjpvijnoijnqxkqsu}xnjiu~rjwjnwsnqo~tovj|n
KCEKCLFLN@ZBUB@VKCYUKCB@DBZFNO@K@_GUNCB@LK@UOEFTOBD@DKCEFLBDa@
ON@LK^K@DKM@ZBCDFLKMNLN@KU@EBLN@N@DGN@KSEKCDIB@NCEMBTBOcWFZN]@
DBZFNO]@TMBLGEF^N]@KZBCYUFZN]@DFU\cOFZN@K@KDEEFZNa@
b@{ONCB@MKDDNOEN@B@TNTKO@MKWGONLBM]@FCLGEBM@K@VBUKCENLBM@LB@
mtjwx|njpvijkwxnmojnirmm}xnwsnyj~xvrjv|nvsqxklsqsv|nuvxixysvn
snuvsmsvyjvnjnwrysvmrwjwsnqo~tovj~nsrmtsktsnkxnvjmr~n
?BD@WB^KMCBD@K@DGND@FCDEFEGFHzKD@ZN\KU@N@VBMUGONHIB@
LK@TBOEFZND@T\OFZND]@LFMKEMFhKD@K@ZMFEMFBD]@B@TONCKNUKCEB]@N@
FUTOKUKCENHIB]@B@NZBUTNC_NUKCEB]@N@N^NOFNHIB]@B@UBCFEBMNUKCEB@
snjnpmqj~rj}xnwjmnjsm|nuvxstxmnsnuvxvjijmnkjnvsjnqo~tovj~|n
KU@LFeOBWB@ZBU@N@DBZFKLNLK@ZF^FOa@
n"rmtsijn9jqrxkj~nwsno~tovjnn"9|nqvrjwxnuxvn~srnsmusqpqj|n
K@B@FDEKUN@NZFBCNO@LK@CVBMUNHzKD@K@CLFZNLBMKD@AGOEGMNFD@f@
A@BMFKCENMIB@N@FCDEFEGFHIB@LK@UNMZBD@OKWNFD@K@FCDECZFND@LK@
TNMEFZFTNHIB@DBZFNO]@B@LKDKC^BO^FUKCEB@LK@TMBZKDDBD@LK@N^NOFNHIB@
T\OFZN]@N@NLBHIB@LK@UKZNCFDUBD@LK@MKWGONHIB@K@FCLGHIB@LB@
UKMZNLB@K@LN@KZBCBUFN@LN@ZGOEGMN]@NDDFU@ZBUB@N@EKMMFEBMFNOFhNHIB@
K@N@CNZFBCNOFhNHIB@LND@TBOEFZND@ZGOEGMNFDa@
ABUTKEK@NB@DENLB@
n %$n$pX"n$"|nrwsktrpqjkwxnjmn
eMKND@KDEMNEWFZND@LK@CBDDB@LKDKC^BO^FUKCEB@DGDEKCEe^KO@K@LK@CBDDN@
rkmsv}xnsxux~trqjnkxniokwxnqxktsiuxv=ksx|njskwxnqxk@orvn
^BhKD@K@MKDTKFENCLB@BD@LFVKMKCEKD@NWKCEKD@ZGOEGMNFD]@NEBMKD@DBZFNFD]@
VBMUNHzKD@_GUNCND@K@WMGTBD@ECFZBDa@
n%$nn"Xjn%$X%$|nxtrirjkwxnjn
NOBZNHIB@LBD@MKZGMDBD@T\OFZBD@K@\GDZNCLB@N@ZBUTOKUKCENMFLNLK@
qxinxnrkysmtrisktxnuvryjwx|njvjktrkwxnjnspqqrjnsnjnspqr3kqrj|n
\KU@ZBUB@B@NEKCLFUKCEB@LBD@LFMKFEBD@K@N@ZB\MNCHN@LBD@LK^KMKD]@
NGUKCENCLB@N@MNZFBCNOFhNHIB@LBD@TMBZKDDBD@K@LBD@DFDEKUND@
wsn xysvkjr~rwjws|n usvirtrkwxn ijrxvn uvxpmmrxkj~rj}xn sn
UKO_BMNCLB@B@NEKCLFUKCEB@LND@LKUNCLND@DBZFNFDa@
n 9Xnn%$X%nwsnxvijnjiu~j|nsmtrio~jkwxn
N@ZMFNHIB]@TMBLGHIB]@ZFMZGONHIB]@TMBUBHIB]@LFVGDIB]@NZKDDB]@
ZBCDGUB]@LBZGUKCENHIB@K@UKUcMFN]@ENU\U@TBM@UKFB@LK@DG\DLFBD@
nsqxkxirjnwjnqo~tovj|nisqjkrmixmnwsnqvwrtxnsnpkjkqrjisktx|n
FC^KDEFUKCEB@TBM@VGCLBD@T\OFZBD@K@TMF^NLBD]@TNEMBZCFBD@K@
LFDTBCF\FOFhNHIB@LK@UKFBD@K@MKZGMDBDa@
n Xn n n n "n
A?]@MKZBC_KZKCLB@N@ZBUTOKSFLNLK@K@N\MNCWCZFN@LND@
NEF^FLNLKD@K@^NOBMKD@ZGOEGMNFD@KU@EBLBD@BD@EKMMFEcMFBD]@NU\FKCEKD@
V

K@ZBCEKSEBD@TBTGONZFBCNFD]@\GDZNCLB@LFDDBO^KM@N@_FKMNMgGFhNHIB@
KCEMK@NOEN@K@\NFSN@ZGOEGMN]@ZGOEGMN@KMGLFEN]@TBTGONM@BG@LK@UNDDN]@
TMFUFEF^N@K@ZF^FOFhNLN]@K@LKUNFD@LFDZMFUFCNHzKD@BG@TMKZBCZKFEBDa@
n $nn Xnn""nqxiuvsskwskwxn
N@ZGOEGMN@N@TNMEFM@LN@cEFZN@LBD@LFMKFEBD@K@OF\KMLNLKD@LB@ZFLNLIB]@
DKCLB@B@DENLB@GU@FCDEMGUKCEB@TNMN@KVKEF^NHIB@LKDDKD@LFMKFEBD@K@
WNMNCEFN@LK@FWGNOLNLK@LK@ZBCLFHzKD]@TMBUB^KCLB@N@GCF^KMDNOFhNHIB@
LB@NZKDDB@NBD@UKFBD@LK@TMBLGHIB@K@VMGFHIB@ZGOEGMNO]@VNhKCLB@
KgGFOF\MNM@N@BVKMEN@K@N@LKUNCLN@ZGOEGMNO]@NTBFNCLB@N@FUTONCENHIB@
wxmnsorujisktxmnqo~tovjrmnsnpkjkqrjkwxnjnuvxvjij}xnvso~jvn
LKDEKDa@
n "n n X 9n X$n n
X$|nvsmojvwjkwxnskm|nwxqoisktxm|njqsvyxm|njvtsjtxm|n
^KDEWFBD@K@DEFBD]@NDDFU@ZBUB@ND@NEF^FLNLKD]@EZCFZND]@DN\KMKD]@
OFCWGNWKCD@K@EMNLFHzKD@gGK@CIB@KCZBCEMNU@NUTNMB@CN@DBZFKLNLK@K@
CB@UKMZNLB]@TKMUFEFCLB@N@EBLBD@B@ZGOEF^B@LN@UKUcMFN@ZBUGU]@LN@
_FDEcMFN@K@LBD@EKDEKUGC_BD@LB@TNDDNLBa@
n $nn %9ijnn""$Xnn
bA?@@b@b@?!@A?]@
ZMFNCLB@ KDTNHBD]@ LFDTBDFEF^BD@ K@ ZBCLFHzKD@ TNMN@ FCFZFNEF^ND@
ZBUTNMEFO_NLND]@B@FCEKMZU\FB@K@N@ZBBTKMNHIB]@NTMBVGCLNCLB@
B@TMBZKDDB@LK@FCEKWMNHIB@CNZFBCNO]@N\DBM^KCLB@BD@MKZGMDBD@
tsqkx~rqxm|njvjktrkwxnjmnqxkssmn~xqjrmnqxinxmn@oxmnqo~tovjrmn
ZBCEKUTBMCKBD@K@ZKCEMBD@ZGOEGMNFD@FCEKMCNZFBCNFD]@KDEN\KOKZKCLB@
TNMUKEMBD@TNMN@N@WOB\NOFhNHIB@LN@ZGOEGMNa@
n%9n"n9"|n9X"nn$"n
BMFGCLBD@LND@ZMFNHzKD@NMEDEFZND@K@LND@KSTMKDDzKD@ZGOEGMNFD@OBZNFD@K@
CNZFBCNFD@KU@EBLB@B@EKMMFEcMFB@\MNDFOKFMB@K@CB@UGCLB]@NDDFU@ZBUB@
TMBUB^KM@B@FCEKMZU\FB@K@N@FCEKMNHIB@LKDDKD@ZBU@DKGD@KgGF^NOKCEKD@
KDEMNCWKFMBD]@B\DKM^NCLB@BD@UNMZBD@LN@LF^KMDFLNLK@ZGOEGMNO@TNMN@N@
KSTBMENHIB@LK@\KCD]@ZBCEKLBD]@TMBLGEBD@K@DKM^FHBD@ZGOEGMNFDa@
n "X%X%n n %$n n 9 n n
A?]@ ZBCDEMGFCLB@ UBLKOBD@ DGDEKCEe^KFD]@ KDEFUGONCLB@
N@KZBCBUFN@DBOFLeMFN@K@VBMUNOFhNCLB@ND@ZNLKFND@TMBLGEF^ND]@
NUTOFNCLB@B@UKMZNLB@LK@EMN\NO_B]@B@KUTMKWB@K@N@WKMNHIB@LK@MKCLN]@
TMBUB^KCLB@B@KgGFO\MFB@MKWFBCNO]@N@FDBCBUFN@LK@ZBUTKEFHIB@KCEMK@
BD@NWKCEKD]@TMFCZFTNOUKCEK@KU@ZNUTBD@BCLK@N@ZGOEGMN@FCEKMNWK@
ZBU@B@UKMZNLB]@N@TMBLGHIB@K@N@LFDEMF\GFHIB@LK@\KCD@K@ZBCEKLBD@
ZGOEGMNFD@FCEKMCNZFBCNOFhNLBDa@
IB@VGCLNUKCENFD@TNMN@B@KSKMZZFB@LN@VGCHIB@LB@DENLB@
nxnqxiujvtr~ljisktxnwsnvsmuxkmjr~rwjwsmnsnjnqxxusvj}xn
KCEMK@BD@KCEKD@VKLKMNEF^BD@
njnrkmtrtor}xnsnjtoj~rj}xnwsnijvqxmn~sjrmn
njnqvrj}xnwsnrkmt=kqrjmnwsnujvtrqruj}xnwjnmxqrswjwsnqryr~n
njnqxxusvj}xnqxinxmnjsktsmnuvryjwxmnsnjmnrkmtrtorsmn
ZGOEGMNFD@
njnvs~j}xnqxinrkmtrtorsmnokrysvmrtvrjmnsnwsnusmormjn
njnwrmuxkrr~rj}xnwsnrkxvijsmnsnwjwxmnoj~rpqjwxmn
njntsvvrtxvrj~rj}xnsnjnvsrxkj~rj}xnwjmnux~trqjmnqo~tovjrmn
njnjtoj~rj}xnwxmnisqjkrmixmnwsnxisktx|nrkqsktryxnsn
pkjkqrjisktxnnjtryrwjwsnqo~tovj~n
njnqxkmtvo}xnwsnsmtvjtrjmnqo~tovjrmnwsnrktsvkjqrxkj~rj}xnsn
LK@FCEKWMNHIB@KU@\OBZBD@WKBTBOEFZBD@K@UKMZNLBD@WOB\NFDa
?!?@@?kl@
PaP@@JBMENOKZKM@N@WKDEIB@LND@TBOEFZND@T\OFZND@TNMN@N@ZGOEGMN]@
TBM@UKFB@LN@NUTOFNHIB@LND@ZNTNZFLNLKD@LK@TONCKNUKCEB@K@
KSKZGHIB@LK@UKEND]@N@NMEFZGONHIB@LND@KDVKMND@LBD@TBLKMKD@T\OFZBD]@
B@KDEN\KOKZFUKCEB@LK@MKLKD@FCDEFEGZFBCNFD@LND@EMD@KDVKMND@LK@
WB^KMCB@K@N@NMEFZGONHIB@ZBU@FCDEFEGFHzKD@K@KUTMKDND@LB@DKEBM@
TMF^NLB@K@BMWNCFhNHzKD@LN@DBZFKLNLK@ZF^FOa@


PaPaP@@ABCDBOFLNM@N@FUTONCENHIB@LB@FDEKUN@NZFBCNO@LK@AGOEGMN@
f@A@ZBUB@FCDEMGUKCEB@LK@NMEFZGONHIB]@WKDEIB]@FCVBMUNHIB]@
VBMUNHIB]@VBUKCEB@K@TMBUBHIB@LK@TBOEFZND@T\OFZND@LK@ZGOEGMN@
ZBU@TNMEFZFTNHIB@K@ZBCEMBOK@LN@DBZFKLNLK@ZF^FO@K@KC^BO^KCLB@
ND@EMD@KDVKMND@LK@WB^KMCB@VKLKMNO]@KDENLGNO@K@UGCFZFTNOa@?@
FUTOKUKCENHIB@LB@FDEKUN@NZFBCNO@LK@AGOEGMN@f@A@LK^K@
TMBUB^KM]@CKDDND@KDVKMND]@N@ZBCDEFEGFHIB@BG@VBMENOKZFUKCEB@
LK@cMWIBD@WKDEBMKD@LN@ZGOEGMN]@ZBCDKO_BD@LK@TBOEFZN@ZGOEGMNO]@
ZBCVKMCZFND@LK@ZGOEGMN]@VcMGCD]@ZBOKWFNLBD]@DFDEKUND@DKEBMFNFD@
wsnqo~tovj|nqxirmmsmnrktsvsmtxvjm|nmrmtsijmnwsnpkjkqrjisktxnn
ZGOEGMN]@TONCBD@K@BMHNUKCEBD@TNMEFZFTNEF^BD@TNMN@N@ZGOEGMN]@DFDEKUND@
LK@FCVBMUNHIB@K@FCLFZNLBMKD@ZGOEGMNFD@K@TMBWMNUND@LK@VBMUNHIB@
kjnvsjnwjnqo~tovjnmnwrvstvrsmnwjnsmt}xnqo~tovj~nmsv}xnwspkrwjmn
TBM@UKFB@LND@MKDTKZEF^ND@ABCVKMCZFND@K@ABCDKO_BD@LK@{BOEFZN@
AGOEGMNO]@ZBUTBDEBD@TBM]@CB@UCFUB]@2 @ZFCgGKCEN@TBM@ZKCEB@
LK@UKU\MBD@LN@DBZFKLNLK@ZF^FO]@KOKFEBD@LKUBZMNEFZNUKCEKa@bD@
MWIBD@!KDEBMKD@LK^KU@NTMKDKCENM@TKMFBLFZNUKCEK@MKONEcMFBD@LK@
WKDEIB@TNMN@N^NOFNHIB@CND@FCDECZFND@LK@ZBCEMBOK@DBZFNO@LB@FDEKUN@
NZFBCNO@LK@AGOEGMN@f@Aa@
PaPa@@?TBFNM@FCFZFNEF^ND@KU@EBMCB@LN@ZBCDEFEGFHIB@LK@NWKCLND]@
VMKCEKD@K@ZBUFDDzKD@TNMONUKCENMKD@LKLFZNLND@N@EKUND@ZGOEGMNFD]@ENFD@
ZBUB@N@KOK^NHIB@LK@LBENHIB@BMHNUKCEeMFN]@B@NTMFUBMNUKCEB@LBD@
UNMZBD@OKWNFD]@B@VBMENOKZFUKCEB@FCDEFEGZFBCNO@K@B@ZBCEMBOK@DBZFNOa@

nnsmqsktvj~rjvnxnjtskwrisktxnwxn rkrmtvrxnwjno~tovjn
CB@EKMMFEcMFB@CNZFBCNO]@DFDEKUNEFhNM@ND@NHzKD@LK@DGND@FCDEFEGFHzKD@
^FCZGONLND@K@VBMENOKZKM@DKGD@gGNLMBD@FCDEFEGZFBCNFD@K@ZNMMKFMND]@
BEFUFhNCLB@B@KUTMKWB@LK@MKZGMDBD@K@WNMNCEFCLB@B@KSKMZZFB@LK@DGND@
ZBUTKECZFNDa@
PaPa@@ABCDBOFLNM@N@FUTONCENHIB@LB@FDEKUN@NZFBCNO@LK@
AGOEGMN@f@A]@ZBUB@FCDEMGUKCEB@LK@NMEFZGONHIB@TNMN@N@WKDEIB@K@
uvxpmmrxkj~rj}xnwsnjsktsmnssqotxvsmnwsnux~trqjmnu~rqjmnwsn
qo~tovj|nskyx~yskwxnjn%kr}x|nmtjwxm|nrmtvrtxnswsvj~|n okrqurxmn
K@DBZFKLNLK@ZF^FOa@
PaPa@@?EMF\GFM@N@LF^FDIB@LK@ZBUTKECZFND@KCEMK@cMWIBD@VKLKMNFD]@
KDENLGNFD@K@UGCFZFTNFD]@CB@U\FEB@LB@FDEKUN@NZFBCNO@LK@AGOEGMN@
f@A]@\KU@ZBUB@LND@FCDECZFND@LK@VBMUGONHIB]@NZBUTNC_NUKCEB@
K@N^NOFNHIB@LN@KSKZGHIB@LK@TBOEFZND@T\OFZND@LK@ZGOEGMNa@
PaPa@@DEFUGONM@N@ZMFNHIB@K@FCDENONHIB@LK@DKZMKENMFND@UGCFZFTNFD@
K@KDENLGNFD@LK@ZGOEGMN@KU@EBLB@B@EKMMFEcMFB@CNZFBCNO]@WNMNCEFCLB@B@
NEKCLFUKCEB@LND@LKUNCLND@LBD@ZFLNLIBD@K@N@TMBEKHIB@LBD@\KCD@K@
^NOBMKD@ZGOEGMNFDa@
PaPa@@DEFUGONM@N@ZBCDEFEGFHIB@BG@VBMENOKZFUKCEB@LK@cMWIBD@
WKDEBMKD]@ZBCDKO_BD@ZBCDGOEF^BD]@ZBCVKMCZFND]@VcMGCD]@ZBOKWFNLBD@
K@KDTNHBD@LK@FCEKMOBZGHIB@DKEBMFNO]@LKUBZMeEFZBD@K@EMNCDTNMKCEKD]@
NTBFNCLB@N@NHIB@LBD@VGCLBD@LK@VBUKCEB]@NZBUTNC_NCLB@N@
FUTOKUKCENHIB@LBD@TONCBD@K]@gGNCLB@TBDD^KO]@ZMFNCLB@WKDEIB@
TNMEFZFTNEF^N@LBD@BMHNUKCEBD@TNMN@N@ZGOEGMNa@
PaPaR@@DEN\KOKZKM@TMBWMNUND@LK@ZBBTKMNHIB@EZCFZN@KCEMK@BD@
KCEKD@LN@JKLKMNHIB@TNMN@N@KON\BMNHIB@LK@TONCBD@K@LB@TONCKNUKCEB@
LND@TBOEFZND@T\OFZND]@BMWNCFhNCLB@ZBCDcMZFBD@K@MKLKDa@
PaPaQ@@DEN\KOKZKM@DFDEKUND@LK@FCEKWMNHIB@LK@KgGFTNUKCEBD@
ZGOEGMNFD@K@VBUKCENM@DGND@NEF^FLNLKD@K@TONCBD@NCGNFD]@LKDKC^BO^KCLB@
UKEND@gGNOFENEF^ND@LK@NTMFUBMNUKCEB@K@NEGNOFhNHIB@LK@DKGD@UBLKOBD@
rkmtrtoqrxkjrm|nwsnpkjkqrjisktx|nwsnsmt}xnsnwsnjtskwrisktxnjxn
T\OFZB@K@KON\BMNCLB@TMBWMNUND@TNMN@ZNLN@GU@LBD@DKGD@VBZBD@
DKEBMFNFD@LK@TBOEFZN@T\OFZNa@
PaPaP2@@?TMFUBMNM@K@NUTOFNM@BD@UKZNCFDUBD@LK@ZBUGCFZNHIB@
K@LK@ZBON\BMNHIB@KCEMK@BD@cMWIBD@K@FCDEFEGFHzKD@T\OFZBD@K@
BMWNCFhNHzKD@DBZFNFD@K@FCDEFEGEBD@TMF^NLBD]@LK@UBLB@N@DFDEKUNEFhNM@
W

FCVBMUNHzKD]@MKVKMCZFND@K@KSTKMFCZFND@NZGUGONLND@KU@LFVKMKCEKD@
DKEBMKD@LB@WB^KMCB]@FCFZFNEF^N@TMF^NLN@K@NDDBZFNHzKD@ZF^FDa@
PaPaPP@@JBMENOKZKM@ND@TBOEFZND@ZGOEGMNFD@DKEBMFNFD@^FDNCLB@
`@GCF^KMDNOFhNHIB@LB@NZKDDB@K@WNMNCEFN@NB@KSKMZZFB@LB@LFMKFEB@`@
ZGOEGMNa@
Pa@@ABCDBOFLNM@N@FUTONCENHIB@LB@FDEKUN@NZFBCNO@LK@
CVBMUNHzKD@K@CLFZNLBMKD@AGOEGMNFD@f@A@ZBUB@FCDEMGUKCEB@
LK@NZBUTNC_NUKCEB]@N^NOFNHIB@K@NTMFUBMNUKCEB@LN@WKDEIB@K@LND@
TBOEFZND@T\OFZND@LK@ZGOEGMNa@
PaaP@@DEN\KOKZKM@TNLMzKD@LK@ZNLNDEMNUKCEB]@UNTKNUKCEB@
snmktsmsnwjmnrkxvijsmnqo~tovjrm|njnpinwsnxvrsktjvnjnqx~stjn
us~jn%kr}x|nmtjwxm|nrmtvrtxnswsvj~nsn okrqurxmnwsnwjwxmn
MKONZFBCNLBD@`@WKDEIB]@`@VBMUNHIB]@`@TMBLGHIB@K@`@VMGFHIB@LK@B\MND]@
NEF^FLNLKD@K@KSTMKDDzKD@NMEDEFZND@K@ZGOEGMNFDa@
Paa@@DEN\KOKZKM]@CB@U\FEB@LB@FDEKUN@NZFBCNO@LK@
CVBMUNHzKD@K@CLFZNLBMKD@AGOEGMNFD@f@A]@BD@FCLFZNLBMKD@LK@
NZBUTNC_NUKCEB@K@N^NOFNHIB@LKDEK@{ONCB@NZFBCNOa@
Paa@@FDDKUFCNM@DG\DLFBD@TNMN@VBMUGONHIB]@FUTOKUKCENHIB]@
WKDEIB@K@N^NOFNHIB@LND@TBOEFZND@ZGOEGMNFDa@
Paa@@UTONCENM@GUN@FCDEFEGFHIB@T\OFZN@CNZFBCNO@LK@KDEGLBD@K@
TKDgGFDND@ZGOEGMNFDa@

n n mtrio~jvn jn wrysvmrpqj}xn wxmn isqjkrmixmn wsn

pkjkqrjisktxnujvjnjnqo~tovjnsnjnqxxvwskj}xnsktvsnxmnwrysvmxmn
NWKCEKD@KZBCYUFZBD@WB^KMCBD]@FCDEFEGFHzKD@K@KUTMKDND@T\OFZND@
K@TMF^NLND]@FCDEFEGFHzKD@\NCZeMFND@K@LK@ZMLFEB@LK@VBMUN@N@KOK^NM@
B@EBENO@LK@MKZGMDBD@LKDEFCNLBD@NBD@DKEBMKD@ZGOEGMNFD@K@NEKCLKM@`D@
CKZKDDFLNLKD@K@TKZGOFNMFLNLKD@LK@DGND@eMKNDa@
PaaP@@CZKCEF^NM@N@VBMUNHIB@LK@ZBCDcMZFBD@FCEKMUGCFZFTNFD]@LK@
ixwxnjns~syjvnjnspqr3kqrjnsnjnspqqrjnwjmnjsmnwsnu~jksjisktxnsn
KSKZGHIB@LK@TBOEFZND@MKWFBCNFD@LK@ZGOEGMNa@
Paa@@ON\BMNM]@KU@TNMZKMFN@ZBU@\NCZBD@K@NWCZFND@LK@ZMLFEB]@
ixws~xmnwsnpkjkqrjisktxnujvjnjmnjvtsmnsnijkrsmtjsmnqo~tovjrm|n
gGK@ZBCEKUTOKU@ND@TNMEFZGONMFLNLKD@K@LFCUFZND@LK@DGND@NEF^FLNLKDa@
Paa@@{MBUB^KM@B@FC^KDEFUKCEB@TNMN@N@TKDgGFDN@LK@FCB^NHIB@K@
N@TMBLGHIB@ZGOEGMNO@FCLKTKCLKCEK@K@MKWFBCNOa@
Paa@@KNOFhNM@NZBMLBD@ZBU@\NCZBD@K@VGCLBD@T\OFZBD@K@
uvryjwxmnwsnpkjkqrjisktxnujvjnxsvsqrisktxnwsn~rkljmnwsnqvwrtxn
KDTKZFNFD@TNMN@N@TMBLGHIB@NMEDEFZN@K@ZGOEGMNO]@^FN\FOFhNCLB@N@DGN@
TMBLGHIB@K@ZFMZGONHIB@ZBUKMZFNOa@
Paa@@DEFUGONM@B@FC^KDEFUKCEB@TMF^NLB@LK@MFDZB@KU@ZGOEGMN@K@
N@ZMFNHIB@LK@VGCLBD@LK@FC^KDEFUKCEBa@
Paa@@DEFUGONM@CBD@\NCZBD@KDENENFD@K@LK@VBUKCEB@OFC_ND@LK@
ZMLFEB@DG\DFLFNLB@TNMN@ZBUGCFLNLKD@LKEKCEBMND@LK@\KCD@ZGOEGMNFD]@
TNMN@gGK@TBDDNU@MKNOFhNM@NHzKD@LK@TMKDKM^NHIB]@LK@MKDENGMNHIB]@LK@
TMBUBHIB@K@LK@DNO^NWGNMLN@LB@TNEMFUYCFB@ZGOEGMNOa@
Paa@@AMFNM]@KU@TNMZKMFN@ZBU@\NCZBD@T\OFZBD@K@\NCZBD@LK@
xisktx|n~rkljmnwsnqvwrtxnmomrwrjwxnujvjnxnpkjkqrjisktxnwjn
vsoj~rpqj}xnwsnriysrmnu~rqxmnsnuvryjwxmnmrtojwxmnsinmtrxmn
_FDEcMFZBDa@
Pa@@?UTOFNM@K@LKDZBCZKCEMNM@BD@FC^KDEFUKCEBD@KU@TMBLGHIB]@
LFVGDIB@K@VMGFHIB@ZGOEGMNO]@^FDNCLB@NB@KgGFO\MFB@KCEMK@ND@LF^KMDND@
VBCEKD@K@`@MKLGHIB@LND@LFDTNMFLNLKD@MKWFBCNFD@K@LKDFWGNOLNLKD@
mxqrjrm|nqxinuvrxvrwjwsnujvjnxmnusvpmnuxuo~jqrxkjrmnsnrwsktrtvrxmn
_FDEBMFZNUKCEK@LKDZBCDFLKMNLBD@KU@EKMUBD@LK@NTBFB]@FC^KDEFUKCEB@
K@FCEKMKDDK@ZBUKMZFNOa@

nnmtjs~sqsvnqvrtvrxmntvjkmujvsktsmnujvjnxnpkjkqrjisktxn
T\OFZB@LK@NEF^FLNLKD@gGK@VBMENOKHNU@N@LF^KMDFLNLK@CNZFBCNO]@B@
\KUfKDENM@DBZFNO@K@N@FCEKWMNHIB@LK@KDVBMHBD@TKOB@LKDKC^BO^FUKCEB@
DGDEKCEe^KO@K@DBZFNOUKCEK@GDEBa@


Paa@@?MEFZGONM@BD@UNMZBD@MKWGONEcMFBD@LBD@UKZNCFDUBD@LK@
VBUKCEB@K@FCZKCEF^B@LND@KDVKMND@VKLKMNO]@KDENLGNO@K@UGCFZFTNOa@
Paa@@?TMFUBMNM@BD@FCDEMGUKCEBD@OKWNFD@LK@VBMUN@N@LNM@
EMNCDTNMCZFN@K@WNMNCEFM@B@ZBCEMBOK@DBZFNO@LBD@TMBZKDDBD@LK@DKOKHIB@
K@LK@TMKDENHIB@LK@ZBCEND@LK@TMBKEBD@FCZKCEF^NLBD@ZBU@MKZGMDBD@
T\OFZBDa@
Paa@@?UTOFNM@K@MKWGONUKCENM@ND@ZBCEMNTNMEFLND@DBZFBZGOEGMNFD]@
LK@LKDZBCZKCEMNHIB@MKWFBCNO]@LK@NZKDDB]@LK@NTBFB@`@TMBLGHIB@
FCLKTKCLKCEK@K@LK@TKDgGFDN@TNMN@B@FCZKCEF^B@N@TMBKEBD@ZBU@
vsqovmxmnxvrokwxmnwjnvskkqrjnpmqj~n
Paa@@?UTOFNM@K@NTMFUBMNM@N@LF^GOWNHIB@LBD@TMBWMNUND]@NHzKD@
K@KLFENFD@T\OFZBD@LK@NTBFB@`@ZGOEGMNa@
Paa@@?UTOFNM@B@GDB@LK@KLFENFD@K@ZBUFDDzKD@LK@DKOKHIB@T\OFZN@
ZBU@N@TNMEFZFTNHIB@LK@MKTMKDKCENCEKD@LN@DBZFKLNLK@CN@KDZBO_N@LK@
TMBKEBD@TNMN@LKDEFCNHIB@LK@MKZGMDBD@T\OFZBD@TMB^KCFKCEKD@LB@
xvjisktxnsnwjnvskkqrjnpmqj~|njvjktrkwxnvsvjmntvjkmujvsktsmnsn
NUTON@LF^GOWNHIBa@

nnkqsktryjvnxnomxnwsnswrtjrmnus~jmnsktrwjwsmnpkjkqrjwxvjmn
TMF^NLND]@\KU@ZBUB@TBM@BMWNCFhNHzKD@CIB@WB^KMCNUKCENFD@K@BGEMND@
FCDEFEGFHzKD@gGK@BVKMKHNU@MKZGMDBD@TNMN@ZGOEGMNa@

Znn iu~rjvnjmn~rkljmnwsnpkjkqrjisktxnsnxisktxnnuvxwo}xn
FCLKTKCLKCEK@LK@ZBCEKLBD@TNMN@MeLFB]@EKOK^FDIB]@FCEKMCKE@K@BGEMND@
ULFND]@ZBU@^FDEND@CN@LKUBZMNEFhNHIB@LBD@UKFBD@LK@ZBUGCFZNHIB@
K@CN@^NOBMFhNHIB@LN@LF^KMDFLNLK@ZGOEGMNOa@

#nnkqsktryjvnjnqvrj}xnwsn~rkljmnwsnpkjkqrjisktxnsn
VBUKCEB@TNMN@UBLKOBD@LK@CKWcZFBD@ZGOEGMNFD@FCB^NLBMKDa@
Pa@@JBMENOKZKM@B@JGCLB@NZFBCNO@LK@AGOEGMN@ZBUB@UKZNCFDUB@
ZKCEMNO@LK@VBUKCEBa@

nnmtjs~sqsvnuvxvjijmnwsnpkjkqrjisktxnqxkoktxnsktvsn
ND@EMD@KDVKMND@LN@VKLKMNHIB]@TBM@UKFB@LN@MKVBMUGONHIB@LB@JGCLB@
NZFBCNO@LK@AGOEGMNa@
Paa@@CLGhFM@`@ZMFNHIB@K@`@TNLMBCFhNHIB@LBD@VGCLBD@KDENLGNFD@
K@UGCFZFTNFD@LK@ZGOEGMN]@TBM@UKFB@LN@MKWGONUKCENHIB@LBD@
UKZNCFDUBD@LK@MKTNDDK@LB@JGCLB@NZFBCNO@LK@AGOEGMN]@KDEFUGONCLB@
ZBCEMNTNMEFLND@BMHNUKCEeMFND@OBZNFD@TNMN@B@MKZGMDB@VKLKMNO@NOBZNLBa@
Paa@@DEFUGONM@N@ZMFNHIB]@B@NTMFUBMNUKCEB@LB@WKMKCZFNUKCEB@
EZCFZB@LBD@KUTKC_BD@K@B@ZBCEMBOK@DBZFNO@LBD@VGCLBD@LK@ZGOEGMN]@
TMFBMFhNCLB@N@LFDEMF\GFHIB@LK@MKZGMDBD@TBM@UKFB@LK@UKZNCFDUBD@LK@
DKOKHIB@T\OFZN@K@LK@KLFENFD@LK@Z_NUNUKCEB@LK@TMBKEBDa@

nnmtjs~sqsvnuvxvjijmnsmusqpqxmnujvjnmstxvsmnqo~tovjrm|n
TMFCZFTNOUKCEK@TNMN@NMEKD@^FDGNFD]@UDFZN]@NMEKD@ZCFZND]@OFEKMNEGMN]@
NGLFB^FDGNO]@TNEMFUYCFB]@UGDKGD@K@LF^KMDFLNLK@ZGOEGMNO]@WNMNCEFCLB@
TKMZKCEGNFD@KgGFOF\MNLBD@LK@NOBZNHIB@LK@MKZGMDBD@KU@ZNLN@GUN@LND@
TBOEFZND@DKEBMFNFDa@
Paa@@DEN\KOKZKM@UKZNCFDUBD@ZBUTOKUKCENMKD@LK@VBUKCEB@
snpkjkqrjisktxntxvkjkwxnxn9nmqrxnwsnsiuvsskwrisktxmn
ZGOEGMNFD@K@TKMUFEFCLB@N@FCZBMTBMNHIB@LK@MKZKFEND@NL^FCLND@LB@
DGZKDDB@ZBUKMZFNO@LBD@TMBKEBDa@
Paa@@?UTOFNM@ND@VBCEKD@LK@MKZGMDBD@LB@JGCLB@NZFBCNO@LK@
AGOEGMN]@\GDZNCLB@VBCEKD@KU@KSEMNHzKD@LND@OBEKMFND@VKLKMNFD]@
LBNHzKD@K@BGEMBD@UBCENCEKD@TNMN@NOU@LBD@BMFGCLBD@LB@ZNFSN@WKMNO@
LN@CFIBa@

nnuvrixvjvnxnisqjkrmixnwsnrkqsktryxnpmqj~|nwsnxvijnjn
NTMB^KFENM@DKGD@MKZGMDBD@CB@DKCEFLB@LN@LKDZBCZKCEMNHIB@MKWFBCNO]@
DGDEKCEN\FOFLNLK@K@NOFC_NUKCEB@`D@TBOEFZND@T\OFZNDa@
PaaP@@DEFUGONM@N@ZBCDEMGHIB@LK@LFMKEMFhKD@TNMN@B@FCZKCEF^B@
pmqj~|nwsnixwxnjnusvirtrvnoijnis~lxvnwrmtvror}xnwxmnvsqovmxmn
BMFGCLBD@LN@MKCCZFN]@WKMNCLB@UNFBM@LFDEMF\GFHIB@CB@EKMMFEcMFB@
CNZFBCNO@K@KCEMK@ND@LFVKMKCEKD@NEF^FLNLKD@ZGOEGMNFDa@
Y

nnmtjs~sqsvnusvqsktojrmnwrsvskqrjwxmnwsnvskkqrjnpmqj~n
\NDKNLBD@KU@ZMFEMFBD@B\KEF^BD@gGK@TKMUFENU@NVKMFM@B@C^KO@LK@
ZBUTMBUKEFUKCEB@LB@TMBKEB@ZBU@ND@TBOEFZND@T\OFZND@LK@ZGOEGMNa@
Paa@@DEFUGONM@N@ZBCEMNTNMEFLN@LB@DKEBM@TMF^NLB@K@LND@
KUTMKDND@GDGeMFND@LBD@UKZNCFDUBD@LK@ZBUTKCDNHIB@EMF\GEeMFN]@
LK@UBLB@N@NGUKCENM@BD@UBCENCEKD@LK@MKZGMDBD@LK@ZBTNEMBZCFB@K@
KVKEF^NM@N@TNMZKMFN@LB@DKEBM@T\OFZB@K@LB@DKEBM@TMF^NLB@CB@ZNUTB@
LN@ZGOEGMNa@
Paa@@DEFUGONM@TKDDBND@VDFZND@N@FC^KDEFM@KU@TMBKEBD@ZGOEGMNFD@
uxvnisrxnwxmnisqjkrmixmnwsnvskkqrjnpmqj~|nuvrkqruj~isktsnsin
okwxmnpwoqrvrxmnosnsvsinjnmomtsktjr~rwjwsnwsn~xkxnuvjxnsin
FCDEFEGFHzKD@K@KgGFTNUKCEBD@ZGOEGMNFDa@
Paa@@{MBUB^KM@N@NGEBCBUFN@LND@FCDEFEGFHzKD@ZGOEGMNFD@
kjnwspkr}xnwsnmojmnux~trqjm|nvso~jkwxnsnrkqsktryjkwxnmojn
FCLKTKCLCZFN@KU@MKONHIB@`D@KUTMKDND@TNEMBZFCNLBMNDa@
Pa@@FDEKUNEFhNM@FCDEMGUKCEBD@GMLFZBD@K@CBMUNEF^BD@TNMN@B@
NTMFUBMNUKCEB@LBD@UNMZBD@MKWGONEcMFBD@LN@ZGOEGMN]@ZBU@B@B\KEF^B@
LK@VBMENOKZKM@ND@OKFD@K@MKWFUKCEBD@gGK@BMLKCNU@B@DKEBM@ZGOEGMNOa@
PaaP@@JBMENOKZKM@ND@ZBUFDDzKD@LK@ZGOEGMN@CB@{BLKM@KWFDONEF^B@
VKLKMNO]@KDENLGNO@K@UGCFZFTNO]@KDEFUGONCLB@N@TNMEFZFTNHIB@LK@
UNCLNEBD@K@\NCZNLND@TNMONUKCENMKD@CB@ZBCDENCEK@NTMFUBMNUKCEB@
K@CN@MK^FDIB@BZNDFBCNO@LND@OKFD]@WNMNCEFCLB@BD@FCEKMKDDKD@T\OFZBD@K@
BD@LFMKFEBD@LBD@ZFLNLIBDa@
Paa@@{MBUB^KM@TMBWMNUND@LK@ZBBTKMNHIB@EZCFZN@TNMN@
NEGNOFhNHIB@K@NOFC_NUKCEB@LND@OKWFDONHzKD@VKLKMNFD]@KDENLGNFD@
K@ UGCFZFTNFD]@ NTMFUBMNCLB@ BD@ UNMZBD@ GMLFZBD@ OBZNFD@ LK@
FCDEFEGZFBCNOFhNHIB@LN@TBOEFZN@T\OFZN@LK@ZGOEGMNa@
Paa@@DEN\KOKZKM@FCDEMGUKCEBD@CBMUNEF^BD@MKONZFBCNLBD@
NB@TNEMFUYCFB@ZGOEGMNO@TNMN@B@LKDKC^BO^FUKCEB@LBD@UNMZBD@
MKWGONEcMFBD@LK@TBOEFZND@EKMMFEBMFNFD@GM\NCND@K@MGMNFD]@LK@NMgGKBOBWFN@
TMf_FDEcMFZN@K@LK@_FDEcMFN@LN@NMEKa@
Paa@@!NMNCEFM@N@TNMEFZFTNHIB@KVKEF^N@LBD@cMWIBD@KSKZGEF^BD@
K@ZBUFDDzKD@OKWFDONEF^ND@LK@ZGOEGMN@CBD@TMBZKDDBD@LK@KON\BMNHIB]@
MK^FDIB@K@KSKZGHIB@LN@OKF@BMWCFZN@K@LBD@TONCBD@LFMKEBMKD@LBD@
okrqurxmn

nnxktvrorvnujvjnjnwspkr}xnwxmnijvqxmn~sjrmnsn
BMWNCFhNZFBCNFD@gGK@BMLKCNMIB@B@LKDKC^BO^FUKCEB@EKZCBOcWFZB]@N@
DGDEKCEN\FOFLNLK@K@N@LKUBZMNEFhNHIB@LN@ULFN@NGLFB^FDGNO@K@LFWFENOa@
Paa@@DEFUGONM@N@TNMEFZFTNHIB@LBD@cMWIBD@WKDEBMKD@LN@
TBOEFZN@T\OFZN@LK@ZGOEGMN@CB@LK\NEK@DB\MK@N@NEGNOFhNHIB@LND@
OKFD@LK@ZBUGCFZNHIB@DBZFNO]@N\MNCWKCLB@BD@UKFBD@FUTMKDDBD]@
KOKEMYCFZBD@K@LK@FCEKMCKE]@\KU@ZBUB@BD@DKM^FHBD@LK@FCVMNKDEMGEGMN@
LK@EKOKZBUGCFZNHzKD@K@MKLKD@LFWFENFDa@
Paa@@JBMENOKZKM@K@NTMFUBMNM@BD@UKZNCFDUBD@MKWGONEcMFBD@K@
OKWFDONEF^BD@LK@TMBEKHIB@K@WKDEIB@LB@TNEMFUYCFB@ZGOEGMNO]@_FDEcMFZB@
K@NMEDEFZB@K@LBD@UGDKGD@\MNDFOKFMBDa@
PaR@@CDEFEGFM@K@NTMFUBMNM@BD@UNMZBD@MKWGONEcMFBD@KU@
jvtrqo~j}xnqxinxn"rmtsijnvjmr~srvxnwsnssmjnwjnxkqxvv3kqrjnsn
BMWNCFhNHzKD@FCEKMCNZFBCNFD@LKLFZNLND@NB@EKUNa@
PaRaP@@K^FDNM@N@OKWFDONHIB@EMF\GEeMFN@NTOFZNLN@`D@FCLDEMFND@LN@
ZGOEGMN]@KDTKZFNOUKCEK@BD@DKWUKCEBD@LB@NGLFB^FDGNO]@LN@UDFZN@
K@LB@OF^MB]@OK^NCLB@KU@ZBCEN@BD@CLFZKD@LK@NZKDDB@KU@EBLB@B@
EKMMFEcMFB@CNZFBCNO@K@B@NL^KCEB@LN@ZBC^KMWCZFN@LFWFENO@LN@ULFN]@
DKU@TMKGhB@NBD@LFMKFEBD@LBD@ZMFNLBMKDa@
PaRa@@CDEFEGFM@FCDEMGUKCEBD@EMF\GEeMFBD@LFVKMKCZFNLBD@TNMN@
skspqrjvnjnuvxwo}x|nwrom}x|nqrvqo~j}xnsnqxisvqrj~rj}xnwsn
\KCD]@TMBLGEBD@K@DKM^FHBD@ZGOEGMNFDa@

Znnvrjvnux~trqjmnpmqjrmnqjujsmnwsnqjvvsjvnvsqovmxmn
BMFGCLBD@LB@EGMFDUB@KU@\KCKVZFB@LBD@\KCD@K@UNCFVKDENHzKD@LK@NMEK@
K@ZGOEGMN@OBZNFDa@


PaRa@@AMFNM@MKWMND@CNZFBCNFD@LK@EMF\GENHIB@NLKgGNLND@`@
smusqrpqrwjwsnwjmnjtryrwjwsmnjvtmtrqjmnsnqo~tovjrmnrtrksvjktsmn
PaRa@@{MBUB^KM@B@EMNENUKCEB@FWGNOFEeMFB@CB@gGK@ENCWK@
NB@ZBCEMBOK@LN@DNLN@K@KCEMNLN@LK@\KCD@ZGOEGMNFD@CB@{ND]@
wsmovxqvjtrjkwxnxmnmsomntv=irtsmnsnmriu~rpqjkwxnjn~srm~j}xn
TNMN@B@EMCDFEB@K@MKZKTHIB@LK@B\MND@TNMN@KSTBDFHzKDa@ABCEMF\GFM@
ujvjnxnqxijtsnjxntvpqxnr~qrtxnwsnskmnqo~tovjrmn
PaRa@@DEN\KOKZKM@B@LFMKFEB@LK@TMKVKMCZFN@LB@DENLB@\MNDFOKFMB@
DB\MK@ND@FCDEFEGFHzKD@KDEMNCWKFMND@KU@BZNDFzKD@LK@^KCLN@LK@B\MND@LK@
NMEK@CNZFBCNFD@LK@FCEKMKDDK@T\OFZBa@
PaQ@@JBMENOKZKM@N@WKDEIB@T\OFZN@LBD@LFMKFEBD@NGEBMNFD]@TBM@
UKFB@LN@KSTNCDIB@K@UBLKMCFhNHIB@LBD@cMWIBD@ZBUTKEKCEKD@K@
LN@TMBUBHIB@LB@KgGFO\MFB@KCEMK@B@MKDTKFEB@N@KDDKD@LFMKFEBD@K@N@
NUTOFNHIB@LB@NZKDDB@`@ZGOEGMNa@

#
nnvrjvnrkmtrtor}xnsmusqrpqjisktsnyx~tjwjnnuvxix}xn
K@MKWGONHIB@LK@LFMKFEBD@NGEBMNFD@K@DGND@NEF^FLNLKD@LK@NMMKZNLNHIB@
K@LFDEMF\GFHIBa@
PaQa@@K^FDNM@N@OKWFDONHIB@\MNDFOKFMN@DB\MK@LFMKFEBD@NGEBMNFD]@
ZBU@^FDEND@KU@KgGFOF\MNM@BD@FCEKMKDDKD@LBD@ZMFNLBMKD]@FC^KDEFLBMKD@K@
GDGeMFBD]@KDEN\KOKZKCLB@MKONHzKD@ZBCEMNEGNFD@UNFD@GDEND@K@ZMFEMFBD@
UNFD@EMNCDTNMKCEKD@LK@NMMKZNLNHIB@K@LFDEMF\GFHIBa@
PaQa@@?TMFUBMNM@K@NZBUTNC_NM@N@OKWFDONHIB@NGEBMNO@ZBU@
MKTMKDKCENCEKD@LBD@LF^KMDBD@NWKCEKD@KC^BO^FLBD@ZBU@B@EKUN]@
WNMNCEFCLB@ N@ TNMEFZFTNHIB@ LN@ TMBLGHIB@ NMEDEFZN@ K@ ZGOEGMNO@
FCLKTKCLKCEK]@TBM@UKFB@LK@ZBCDGOEND@K@LK\NEKD@N\KMEBD@NB@T\OFZBa@
PaQa@@?LKgGNM@N@MKWGONHIB@LBD@LFMKFEBD@NGEBMNFD]@DGND@
OFUFENHzKD@K@KSZKHzKD]@NB@GDB@LND@CB^ND@EKZCBOBWFND@LK@FCVBMUNHIB@
K@ZBUGCFZNHIBa@
PaQa@@AMFNM@UNMZBD@OKWNFD@LK@TMBEKHIB@K@LFVGDIB@LBD@
ZBC_KZFUKCEBD@K@KSTMKDDzKD@ZGOEGMNFD@EMNLFZFBCNFD@K@LBD@LFMKFEBD@
ZBOKEF^BD@LND@TBTGONHzKD@LKEKCEBMND@LKDDKD@ZBC_KZFUKCEBD@K@
NGEBMND@LKDDND@UNCFVKDENHzKD]@WNMNCEFCLB@N@TNMEFZFTNHIB@KVKEF^N@
LKDDND@ZBUGCFLNLKD@CKDDN@NHIBa@
PaQa@@KDZKCEMNOFhNM@B@MKWFDEMB@LK@B\MND@TMBEKWFLND@TBM@
LFMKFEBD@NGEBMNFD]@TBM@UKFB@LN@N\KMEGMN@LK@MKTMKDKCENHzKD@KDENLGNFD@
LBD@KDZMFEcMFBD@LK@MKWFDEMB]@K@VNZFOFENM@B@MKWFDEMB@LK@B\MND@CBD@cMWIBD@
ZBUTKEKCEKDa@
PaQa@@KWGONM@B@VGCZFBCNUKCEB@LK@GUN@FCDECZFN@NLUFCFDEMNEF^N@
smusqrj~rjwjnkjniswrj}xnwsnqxk@rtxmnsnjvrtvjsinkxnqjiuxnwxmn
LFMKFEBD@NGEBMNFD]@ZBU@LKDENgGK@TNMN@BD@TMB\OKUND@MKONZFBCNLBD@`@
WKDEIB@ZBOKEF^N@LK@LFMKFEBDa@
PaQaR@@DEFUGONM@N@ZMFNHIB@K@B@NTKMVKFHBNUKCEB@EZCFZB@LND@
NDDBZFNHzKD@WKDEBMND@LK@LFMKFEBD@NGEBMNFD@K@NLBENM@UKLFLND@gGK@
EBMCKU@DGND@WKDEzKD@UNFD@LKUBZMeEFZND@K@EMNCDTNMKCEKDa@
PaQaQ@@{MBUB^KM@N@LKVKDN@LK@LFMKFEBD@NDDBZFNLBD@NB@TNEMFUYCFB@
ZGOEGMNO]@KU@KDTKZFNO@BD@LFMKFEBD@LK@FUNWKU@K@LK@TMBTMFKLNLK@
FCEKOKZEGNO@ ZBOKEF^N@ LK@ TBTGONHzKD@ LKEKCEBMND@ LK@ DN\KMKD@
EMNLFZFBCNFD]@KC^BO^KCLBfND@CKDDN@NHIBa@
PaQaP2@@!NMNCEFM@NBD@TB^BD@K@ZBUGCFLNLKD@EMNLFZFBCNFD@
LFMKFEBD@DB\MK@B@GDB@ZBUKMZFNO@DGDEKCEe^KO@LK@DKGD@ZBC_KZFUKCEBD@
K@KSTMKDDzKD@ZGOEGMNFDa@DEFUGONM@DGN@TNMEFZFTNHIB@CN@KON\BMNHIB@
LK@FCDEMGUKCEBD@OKWNFD@gGK@NDDKWGMKU@N@MKTNMEFHIB@KgGFENEF^N@LBD@
\KCKVZFBD@MKDGOENCEKD@LKDDK@UKMZNLBa@
PaQaPP@ @ DEN\KOKZKM@ UKZNCFDUBD@ LK@ TMBEKHIB@ NBD@
ZBC_KZFUKCEBD@EMNLFZFBCNFD@K@KSTMKDDzKD@ZGOEGMNFD]@MKZBC_KZKCLB@
N@FUTBMECZFN@LKDDKD@DN\KMKD@CB@^NOBM@NWMKWNLB@NBD@TMBLGEBD]@
DKM^FHBD@K@KSTMKDDzKD@LN@ZGOEGMN@\MNDFOKFMNa@
PaQaP@@CZKCEF^NM@B@LKDKC^BO^FUKCEB@LK@UBLKOBD@DBOFLeMFBD@LK@
OFZKCZFNUKCEB@LK@ZBCEKLBD@ZGOEGMNFD]@ZBU@B@B\KEF^B@LK@NUTOFNM@
B@MKZBC_KZFUKCEB@LBD@NGEBMKD@LK@B\MND@FCEKOKZEGNFD]@NDDKWGMNM@
1[

DGN@TMBTMFKLNLK@FCEKOKZEGNO@K@KSTNCLFM@B@NZKDDB@`D@UNCFVKDENHzKD@
ZGOEGMNFDa@
PaQaP@@CZKCEF^NM@K@VBUKCENM@B@LKDKC^BO^FUKCEB@LK@TMBLGEBD@
K@ZBCEKLBD@ZGOEGMNFD@FCEKCDF^BD@KU@ZBC_KZFUKCEB@K@EKZCBOBWFN]@
sinsmusqrj~nmxnvsrismn@sysrmnwsnuvxuvrswjwsnrkts~sqtoj~
PaQaP@@{MBUB^KM@BD@FCEKMKDDKD@CNZFBCNFD@MKONEF^BD@`@ZGOEGMN@
CBD@BMWNCFDUBD@FCEKMCNZFBCNFD@LK@WB^KMCNCHN@DB\MK@B@FDEKUN@LK@
{MBTMFKLNLK@CEKOKZEGNO@K@BGEMBD@VBMBD@FCEKMCNZFBCNFD@LK@CKWBZFNHIB@
DB\MK@B@ZBUMZFB@LK@\KCD@K@DKM^FHBDa@

#
nnoj~rpqjvnxmnwsjtsmnmxvsnvsyrm}xnsnjtoj~rj}xn
LND@MKWMND@FCEKMCNZFBCNFD@LK@TMBTMFKLNLK@FCEKOKZEGNO]@ZBU@^FDEND@
KU@ZBUTKCDNM@ND@ZBCLFHzKD@LK@LKDFWGNOLNLK@LBD@TNDKD@KU@
LKDKC^BO^FUKCEB@KU@MKONHIB@NBD@TNDKD@LKDKC^BO^FLBDa@
PaP2@@{MBUB^KM@GUN@UNFBM@NMEFZGONHIB@LND@TBOEFZND@T\OFZND@
LK@ZGOEGMN@ZBU@ND@LK@BGEMND@eMKND]@ZBUB@KLGZNHIB]@UKFB@NU\FKCEK]@
LKDKC^BO^FUKCEB@DBZFNO]@TONCKNUKCEB@GM\NCB@K@KZBCYUFZB]@
EGMFDUB]@FCLDEMFN@K@ZBUMZFBa@
PaP2aP@@ABCDEMGFM@GU@DFDEKUN@LK@WKDEIB@ZBUTNMEFO_NLN@K@KU@
MKLK@TNMN@ND@TBOEFZND@LK@ZGOEGMN@FCEKMDKEBMFNFD@LK@UBLB@N@NUTOFNM@
N@TNMEFZFTNHIB@DBZFNO@CB@UBCFEBMNUKCEB]@N^NOFNHIB@K@MK^FDIB@LK@
TMBWMNUND]@TMBKEBD@K@NHzKDa@
PaP2a@@?b@
PaP2a@@DEN\KOKZKM@GU@DFDEKUN@NMEFZGONLB@LK@NHzKD@KCEMK@
ND@LF^KMDND@FCDECZFND@LK@WB^KMCB@K@BD@UKFBD@LK@ZBUGCFZNHIB@
T\OFZBD]@LK@UBLB@N@WNMNCEFM@N@EMNCD^KMDNOFLNLK@LK@KVKFEBD@LBD@
MKZGMDBD@NTOFZNLBD@CB@VBUKCEB@`@LFVGDIB@ZGOEGMNOa@
PaP2a@@DEN\KOKZKM@N@TNMEFZFTNHIB@ZBCECGN@LBD@cMWIBD@
ZGOEGMNFD@CND@FCDECZFND@FCEKMDKEBMFNFD@K@CND@NHzKD@LND@FCDEFEGFHzKD@
vsmuxkmysrmnus~xnwsmskyx~yrisktxnqrsktpqxnsntsqkx~rqxnosn
wspksinsnriu~sisktjinjmnux~trqjmnwsnrkq~om}xnsnwsnwrmtvror}xn
LN@FCVMNKDEMGEGMN@LK@DKM^FHBD@LK@ZBCKSIB@`D@MKLKD@LFWFENFDa@
PaP2a@@?MEFZGONM@BD@cMWIBD@VKLKMNFD]@KDENLGNFD@K@UGCFZFTNFD@K@
MKTMKDKCENCEKD@LN@DBZFKLNLK@ZF^FO@K@LB@KUTMKDNMFNLB@CN@KON\BMNHIB@
K@FUTOKUKCENHIB@LN@TBOEFZN@FCEKMDKEBMFNO@LK@ZGOEGMN@K@EGMFDUB]@
smtjs~sqskwxnixws~xmnwsnpkjkqrjisktxnsnsmt}xnqxiujvtr~ljwjn
K@KU@MKLKa@
PaP2a@@ABCDEMGFM@FCDEMGUKCEBD@FCEKWMNLBD@LK@TMKDKM^NHIB]@
DNO^NWGNMLN@K@WKDEIB@LB@TNEMFUYCFB@KU@EBLND@ND@DGND@^KMEKCEKD@
K@LFUKCDzKD]@FCZOGFCLB@LKDKC^BO^FUKCEB@GM\NCB]@EGMFDUB]@UKFB@
NU\FKCEK]@LKDKC^BO^FUKCEB@KZBCYUFZB@K@TONCKNUKCEB@KDEMNEWFZB]@
KCEMK@BGEMNDa@
PaP2a@@DEN\KOKZKM@GUN@NWKCLN@ZBUTNMEFO_NLN@LK@TMBWMNUND]@
TMBKEBD@K@NHzKD@KCEMK@BD@cMWIBD@LK@ZGOEGMN@K@KLGZNHIB@UGCFZFTNFD]@
KDENLGNFD@K@VKLKMNFD]@ZBU@B@B\KEF^B@LK@LKDKC^BO^KM@LFNWCcDEFZBD@K@
TONCBD@ZBCGCEBD@LK@EMN\NO_Ba@CDEFEGFM@UNMZBD@OKWNFD@K@NMEFZGONM@ND@
MKLKD@LK@KCDFCB@K@NZKDDB@`@ZGOEGMNa@
PaP2aR@@?EGNM@KU@ZBCGCEB@ZBU@BD@cMWIBD@LK@KLGZNHIB@CB@
LKDKC^BO^FUKCEB@LK@NEF^FLNLKD@gGK@FCDFMNU@ND@NMEKD@CB@KCDFCB@
vso~jvnqxixnrkmtvoisktxnsntsijnwsnjuvskwrjwx|nqxinjnpkj~rwjwsn
LK@KDEFUGONM@B@BO_NM@ZMEFZB@K@N@KSTMKDDIB@NMEDEFZBfZGOEGMNO@LB@
KDEGLNCEKa@
PaP2aQ@@KNOFhNM@TMBWMNUND@KU@TNMZKMFN@ZBU@BD@cMWIBD@LK@
KLGZNHIB@TNMN@gGK@ND@KDZBOND@NEGKU@ENU\U@ZBUB@ZKCEMBD@LK@
TMBLGHIB@K@LFVGDIB@ZGOEGMNO@LN@ZBUGCFLNLKa@
PaP2aP2@@CZKCEF^NM@TKDgGFDND@K@KON\BMNHIB@LK@UNEKMFNFD@
LFLeEFZBD@K@LK@LFVGDIB@MKVKMKCEKD@N@ZBCEKLBD@UGOEFZGOEGMNFD]@
ECFZBD@K@LK@KLGZNHIB@TNEMFUBCFNOa@
PaP2aPP@@DEN\KOKZKM@GUN@TBOEFZN@^BOENLN@NB@LKDKC^BO^FUKCEB@
wsnjsmnqo~tovjrmnujvjnjnrk=kqrjnsnjwx~smq3kqrj|nqxinpkjkqrjisktxn
K@UBLKOB@LK@WKDEIB@ZBUTNMEFO_NLB@K@FCEKMDKEBMFNOa@


PaP2aP@@{MBUB^KM@TBOEFZND]@TMBWMNUND@K@NHzKD@^BOENLBD@
mnio~lsvsm|nvs~jsmnwsn3ksvxnsn$X|nqxinxisktxnsnsmt}xn
EMNCD^KMDNFD@K@ZBUTNMEFO_NLBDa@
PaPP@@FCNUFhNM@ND@TBOEFZND@LK@FCEKMZU\FB@K@LFVGDIB@LN@
ZGOEGMN@\MNDFOKFMN@CB@KSEKMFBM]@KU@TNMZKMFN@ZBU@ND@KU\NFSNLND@
\MNDFOKFMND@K@ND@MKTMKDKCENHzKD@LFTOBUeEFZND@LB@{ND@CB@KSEKMFBM]@
jnpinwsnjpvijvnjnuvsmskjnwjnjvtsnsnwjnqo~tovjnvjmr~srvjmnsnmsomn
^NOBMKD@LFDEFCEF^BD@CB@ZKCeMFB@WOB\NO]@TBEKCZFNOFhNM@BD@FCEKMZU\FBD@
KZBCYUFZBD@K@EZCFZBD@CN@eMKN@K@N@KSTBMENHIB@LK@TMBLGEBD@K@
ZBCDBOFLNM@ND@MKLKD@LK@ZFMZGONHIB@K@LBD@UKMZNLBD@ZBCDGUFLBMKD@LK@
\KCD]@ZBCEKLBD@K@DKM^FHBD@ZGOEGMNFDa@
PaPPaP@ @ CDEFEGFM@ GUN@ NWCZFN@ LK@ ZBBTKMNHIB@ ZGOEGMNO@
rktsvkjqrxkj~nyrkqo~jwjnjxn rkrmtvrxnwjno~tovjnsnwsmskyx~ysvn
KDEMNEWFND@ZBCDENCEKD@LK@FCEKMCNZFBCNOFhNHIB@LN@NMEK@K@LN@ZGOEGMN@
\MNDFOKFMND@CB@UGCLB@ZBCEKUTBMCKBa@
PaPPa@@JBUKCENM@TMBKEBD@K@NHzKD@LK@TMBUBHIB@LN@NMEK@K@LN@
LF^KMDFLNLK@ZGOEGMNO@\MNDFOKFMND@KU@EBLB@B@UGCLB]@TBM@UKFB@LN@
^NOBMFhNHIB@LK@DGND@LFVKMKCEKD@ZBCEMF\GFHzKD]@DKGD@TBEKCZFNFD@LK@
FCB^NHIB@K@LK@KSTKMFUKCENHIB@LFNCEK@LN@ZGOEGMN@WOB\NOa@
PaPPa@@JBMENOKZKM@N@TNMEFZFTNHIB@\MNDFOKFMN@CND@MKLKD]@
VcMGCD]@MKGCFzKD@LK@KDTKZFNOFDEND]@KCZBCEMBD@\FONEKMNFD]@NZBMLBD@
UGOEFONEKMNFD@K@KU@MKTMKDKCENHzKD@CBD@BMWNCFDUBD@FCEKMCNZFBCNFD]@
OFWNLBD@`@ZGOEGMN]@LNCLB@NUTOFEGLK@K@LF^GOWNHIB@`D@DGND@LFDZGDDzKD]@
jpvijkwxnuvrkqurxm|nqxkqsrtxm|nxstryxmnsnwrvstvrsmnsmtvjtrqjmn
LK@CBDDN@TBOEFZN@ZGOEGMNOa@
PaPPa@@KDKC^BO^KM@TBOEFZND@T\OFZND@TNMN@KDEFUGONM@B@EMCDFEB@
LN@NMEK@K@LND@UNCFVKDENHzKD@ZGOEGMNFD@CND@MKWFzKD@VMBCEKFMFHND@
\MNDFOKFMND]@NUTOFNCLB@B@MKONZFBCNUKCEB@ZBU@BGEMBD@TNDKD@LB@
ZBCEFCKCEKa@
PaPPa@@DEFUGONM@N@ZFMZGONHIB@LK@\KCD@ZGOEGMNFD@K@^NOBMKD]@
FCZKCEF^NCLB@N@ZBCDEMGHIB@LK@KgGFTNUKCEBD@ZGOEGMNFD@CND@eMKND@
LK@VMBCEKFMN]@ZBU@B@B\KEF^B@LK@TMBUB^KM@N@FCEKWMNHIB@LBD@TNDKD@
OFUEMBVKDa@
PaPPa@@?MEFZGONM@cMWIBD@K@TBOEFZND@LK@ZGOEGMN@K@MKONHzKD@
KSEKMFBMKD@TNMN@ZBCDEFEGFM@K@NTMBVGCLNM@TMBWMNUND@DB\MK@EKUND@K@
KSTKMFCZFND@ZGOEGMNFD@ZBU@BGEMND@CNHzKD]@DB\MKEGLB@CB@U\FEB@
wxn svqxmo~|nwjnivrqjn$jtrkj|nwjnxiokrwjwsnwxmnjmsmnwsn
CWGN@{BMEGWGKDN]@LNCLB@LKDENgGK@ENU\U@NB@FCEKMZU\FB@ZBU@
lrkj|nmmrj|npkwrjnsnvrqjnwxn"o~n
PaPPa@@?MEFZGONM@TBOEFZND@LK@ZGOEGMN@K@FCEKMZU\FB@TNMN@
NTMBVGCLNM@EKUND@K@KSTKMFCZFND@ZGOEGMNFD@ZBU@BD@TNDKD@LB@
ZBCEFCKCEK@NVMFZNCB]@BD@TNDKD@eMN\KD]@B@ZBCEFCKCEK@KGMBTKG@K@
xmnwsijrmnujmsmnosnujvtrqrujvjinwxmn@oxmnirvjtvrxmnosn
ZBCEMF\GMNU@TNMN@N@VBMUNHIB@LN@TBTGONHIB@\MNDFOKFMNa@
PaPPaR@ @ {MBUB^KM@ TONCBD@ \FONEKMNFD@ K@ UGOEFONEKMNFD@ LK@
qxxusvj}xntqkrqjnsnpkjkqsrvj|nyrmjkwxnntvxqjnwsnsusvr3kqrjm|n
ZBC_KZFUKCEBD@K@UKEBLBOBWFND@TNMN@N@^FN\FOFhNHIB@LK@TMBWMNUND@
CNZFBCNFDa@
PaPPaQ@@DEN\KOKZKM@NZBMLBD@K@TMBEBZBOBD@FCEKMCNZFBCNFD@
LK@ZBBTKMNHIB]@VBUKCEB@K@LFVGDIB]@KU@KDTKZFNO@ZBU@TNDKD@KU@
LKDKC^BO^FUKCEB]@LK@UBLB@N@NUTOFNM@N@FCDKMHIB@LN@TMBLGHIB@
ZGOEGMNO@\MNDFOKFMN@CB@UKMZNLB@FCEKMCNZFBCNO@K@B@FCEKMZU\FB@LK@
TMBLGHzKD@K@KSTKMFCZFND@ZGOEGMNFDa@
PaPPaP2@@DEFUGONM@N@EMNLGHIB@K@N@TG\OFZNHIB@LK@B\MND@OFEKMeMFND@
\MNDFOKFMND@KU@LF^KMDND@ULFND@CB@KSEKMFBM]@NDDFU@ZBUB@LK@B\MND@
KDEMNCWKFMND@CB@{ND]@NUTOFNCLB@B@MKTKMEcMFB@ZGOEGMNO@K@DKUCEFZB@
EMNLGh^KO@K@ND@FCEKMNHzKD@KCEMK@ND@OCWGND@K@^NOBMKD]@TMFCZFTNOUKCEK@
ND@CKBONEFCND@K@ND@FCLWKCND@LB@ZBCEFCKCEK@NUKMFZNCBa@
1

693780/;;//59/5;241;5952/4260:2624/2/
9804; 94/9/5;241;5952/403224/2/40 024/
91/94321/2/284211\21/6783749;1
nxvij}xnmxqrxqo~tovj~nwxnvjmr~nnijvqjwjnuxvnskqxktvxmn
ECFZBD]@DFCZMKEFDUBD@K@UKDEFHNWKCDa@@LBUFCNCEK]@CN@KSTKMFCZFN@
_FDEcMFZN]@N@CKWBZFNHIB@KCEMK@DGND@LF^KMDND@VBMUNHzKD@_GUNCND@
K@UNEMFhKD@ZGOEGMNFD@CB@BWB@KCEMK@FLKCEFLNLK@K@NOEKMFLNLK]@
MKDGOENCLB@CB@MKZBC_KZFUKCEB@TMBWMKDDF^B@LBD@^NOBMKD@DFU\cOFZBD@
TMKDKCEKD@KU@CBDDB@EKMMFEcMFBa@IB@DK@TBLK@FWCBMNM]@CB@KCENCEB]@
ND@EKCDzKD]@LBUFCNHzKD@K@LFDZMFUFCNHzKD@gGK@TKMUKNMNU@K@
TKMUKFNU@N@EMNKEcMFN@LB@{ND]@MKWFDEMNLND@FCZOGDF^K@CND@LFVKMKCEKD@
FCEKMTMKENHzKD@LKDDKD@VKCYUKCBD@K@CBD@EKMUBD@NLBENLBD@TNMN@
KSTMKDDNM@ND@FLKCEFLNLKDa@
nwrysvmrwjwsnqo~tovj~nkxnvjmr~nmsnjtoj~rjnnwsnijksrvjn
ZMFNEF^N@K@FCFCEKMMGTEN@@TBM@UKFB@LN@KSTMKDDIB@LK@DKGD@NMEFDEND@K@LK@
DGND@UOEFTOND@FLKCEFLNLKD]@N@TNMEFM@LN@TMKDKM^NHIB@LK@DGN@UKUcMFN]@
wjnvs@s}xnsnwjnqvtrqjnmnux~trqjmnu~rqjmnwsnqo~tovjnwsysin
NLBENM@UKLFLND]@TMBWMNUND@K@NHzKD@TNMN@MKZBC_KZKM]@^NOBMFhNM]@
TMBEKWKM@K@TMBUB^KM@KDDN@LF^KMDFLNLKa@@
DDK@TONCKNUKCEB@BVKMKZK@GUN@BTBMEGCFLNLK@_FDEcMFZN@TNMN@
N@NLKgGNHIB@LN@OKWFDONHIB@K@LN@FCDEFEGZFBCNOFLNLK@LN@ZGOEGMN@
\MNDFOKFMN@LK@UBLB@N@NEKCLKM@`@ABC^KCHIB@LN@F^KMDFLNLK@AGOEGMNO@
wjn%ksmqx|npvijkwxnjnwrysvmrwjwsnkxnqsktvxnwjmnux~trqjmnwsn
DENLB@K@ZBUB@KOB@LK@NMEFZGONHIB@KCEMK@DKWUKCEBD@TBTGONZFBCNFD@K@
ZBUGCFLNLKD@CNZFBCNFD@K@FCEKMCNZFBCNFDa@
?!?@@?kl@
aP@@KNOFhNM@TMBWMNUND@LK@MKZBC_KZFUKCEB]@TMKDKM^NHIB]@
VBUKCEB@K@LFVGDIB@LB@TNEMFUYCFB@K@LN@KSTMKDDIB@ZGOEGMNO@LBD@K@TNMN@
BD@WMGTBD@gGK@ZBUTzKU@N@DBZFKLNLK@\MNDFOKFMN]@KDTKZFNOUKCEK@
NgGKOKD@DGKFEBD@`@LFDZMFUFCNHIB@K@UNMWFCNOFhNHIB@BD@FCLWKCND]@
BD@NVMBf\MNDFOKFMBD]@BD@gGFOBU\BOND]@BGEMBD@TB^BD@K@ZBUGCFLNLKD@
EMNLFZFBCNFD@K@UBMNLBMKD@LK@hBCND@MGMNFD@K@eMKND@GM\NCND@
TKMFVMFZND@BG@LKWMNLNLND@NgGKOKD@gGK@DK@KCZBCEMNU@NUKNHNLBD@
wsyrwxnjnuvxqsmmxmnirvjtvrxm|nixwrpqjsmnwxnsqxmmrmtsij|n
EMNCDVBMUNHzKD@ CN@ LFCUFZN@ DBZFNO]@ EKMMFEBMFNO]@ KZBCYUFZN]@
ZBUGCFZNZFBCNO@K@EKZCBOcWFZN@K@NgGKOKD@LFDZMFUFCNLBD@TBM@
gGKDEzKD@ECFZND]@KEeMFND]@MKOFWFBDND]@LK@WCKMB]@BMFKCENHIB@DKSGNO]@
wspqr3kqrjnmrqjnxonrkts~sqtoj~nsnusmmxjmnsinmxvrisktxnisktj~n
aPaP@@DEN\KOKZKM@N\BMLNWKCD@FCEKMDKEBMFNFD@K@EMNCDLFDZFTOFCNMKD@
TNMN@N@KSKZGHIB@LK@TBOEFZND@LKLFZNLND@`D@ZGOEGMND@TBTGONMKD]@
FCZOGFCLB@DKGD@LKEKCEBMKD@CN@VBMUGONHIB@LK@TMBWMNUND]@TMBKEBD@
K@NHzKDa@
aPa@@AMFNM@TBOEFZND@LK@EMNCDUFDDIB@LBD@DN\KMKD@K@VNhKMKD@
LND@ZGOEGMND@TBTGONMKD@K@EMNLFZFBCNFD]@TBM@UKFB@LK@UKZNCFDUBD@
ZBUB@B@MKZBC_KZFUKCEB@VBMUNO@LBD@UKDEMKD@TBTGONMKD]@OKFD@
smusqpqjm|nx~mjmnwsnjo~rx|nrktsvj}xnqxinxnmrmtsijnwsnskmrkxn
VBMUNO]@ZMFNHIB@LK@FCDEFEGFHzKD@T\OFZND@LK@KLGZNHIB@K@ZGOEGMN@gGK@
yj~xvrsinsmmsmnmjsvsmnsnjsvsm|nqvrj}xnwsnxpqrkjmnsnsmqx~jmn
FEFCKMNCEKD]@KDEGLBD@K@DFDEKUNEFhNHIB@LK@TKLNWBWFND@K@LFCNUFhNHIB@
K@ZFMZGONHIB@LBD@DKGD@DN\KMKD@CB@ZBCEKSEB@KU@gGK@NEGNUa@

nnsqxklsqsvnjnjtryrwjwsnuvxpmmrxkj~nwxmnismtvsmnwsn
BVZFBD@TBM@UKFB@LB@EEGOB@LK@XCBEcMFB@DN\KM[a@
aPa@@KNOFhNM@ZNUTNC_ND@CNZFBCNFD]@MKWFBCNFD@K@OBZNFD@LK@
^NOBMFhNHIB@LND@ZGOEGMND@LBD@TB^BD@K@ZBUGCFLNLKD@EMNLFZFBCNFD]@
TBM@UKFB@LK@ZBCEKLBD@TNMN@MeLFB]@FCEKMCKE]@EKOK^FDIB]@MK^FDEND]@
KSTBDFHzKD@UGDKBOcWFZND]@UNEKMFNFD@LFLeEFZBD@K@OF^MBD]@KCEMK@BGEMBDa@


aPa@@KDKC^BO^KM@K@NUTOFNM@TMBWMNUND@LKLFZNLBD@`@
qjujqrtj}xnwsnuvxpmmrxkjrmnujvjnxnskmrkxnwsnlrmtvrj|njvtsnsn
ZGOEGMN@NVMFZNCN]@NVMBf\MNDFOKFMN]@FCLWKCN@K@LK@BGEMND@ZBUGCFLNLKD@
CIB@_KWKUYCFZND]@\KU@ZBUB@LND@LF^KMDND@KSTMKDDzKD@ZGOEGMNFD@K@
OFCWGNWKCD@NMEDEFZNDa@
aPa@@?TBFNM@B@UNTKNUKCEB]@LBZGUKCENHIB@K@TMKDKM^NHIB@
LND@EKMMND@LND@ZBUGCFLNLKD@gGFOBU\BOND]@FCLWKCND@K@BGEMND@
ZBUGCFLNLKD@EMNLFZFBCNFD]@ZBU@KDTKZFNO@NEKCHIB@TNMN@DEFBD@LK@
^NOBM@DFU\cOFZB@K@_FDEcMFZBa@

nn jusjv|nuvsmsvyjv|nvsmtjovjvnsnwrokwrvnxmnjqsvyxmn
_FDEcMFZBD@LND@ZGOEGMND@NVMBf\MNDFOKFMN]@FCLWKCND@K@LK@BGEMBD@TB^BD@
K@ZBUGCFLNLKD@EMNLFZFBCNFD]@^NOBMFhNCLB@ENCEB@DGN@EMNLFHIB@BMNO@
gGNCEB@DGN@KSTMKDDIB@KDZMFEN@CBD@DKGD@FLFBUND@K@LFNOKEBD@K@CN@
OCWGN@TBMEGWGKDNa@
aPaR@@{MBUB^KM@B@FCEKMZU\FB@LK@KSTKMFCZFND@K@NHzKD@
ZBOKEF^ND@KCEMK@LFVKMKCEKD@DKWUKCEBD@LN@TBTGONHIB]@WMGTBD@LK@
FLKCEFLNLK@K@KSTMKDDzKD@ZGOEGMNFDa@
aPaQ@@JBUKCENM@N@LFVGDIB@CNZFBCNO@K@FCEKMCNZFBCNO@LND@
^NMFNHzKD@MKWFBCNFD@LN@ZGOFCeMFN@\MNDFOKFMN]@^NOBMFhNCLB@B@UBLB@LK@
VNhKM@EMNLFZFBCNO]@BD@_e\FEBD@LK@NOFUKCENHIB@DNGLe^KO@K@N@TMBLGHIB@
DGDEKCEe^KO@LK@NOFUKCEBDa@
aPaP2@@JBUKCENM@TMBKEBD@gGK@^FDKU@N@TMKDKM^NM@K@N@LFVGCLFM@ND@
\MFCZNLKFMND@K@\MFCgGKLBD@TBTGONMKD]@ZNCEFWND@LK@MBLN]@ZBCENHzKD@
LK@_FDEcMFND]@NLF^FC_NHzKD@K@KSTMKDDzKD@ZGOEGMNFD@DFUFONMKDa@
aPaPP@@{MBUB^KM@N@KON\BMNHIB@LK@FC^KCEeMFBD@DB\MK@N@
LF^KMDFLNLK@LND@TMeEFZND@MKOFWFBDND]@FCZOGFCLB@DKGD@MFEBD@K@VKDENDa@
aPaP@@CEKWMNM@ND@TBOEFZND@T\OFZND@LK@ZGOEGMN@LKDEFCNLND@
jxnmsisktxn$X|nmxvstowxnkxnosnwrnvsmusrtxnnyj~xvrj}xn
LN@EKUeEFZN@LB@ZBU\NEK@`@_BUBVB\FN]@TMBUBHIB@LN@ZFLNLNCFN@K@
jpvij}xnwsnwrvsrtxmn
aPaP@@CZKCEF^NM@TMBKEBD@LK@UBLN@K@^KDEGeMFB@gGK@TMBUB^NU@
ZBCZKFEBD@KDEEFZBD@\NDKNLBD@CN@LF^KMDFLNLK@K@CN@NZKFENHIB@DBZFNO@
LBD@LFVKMKCEKD@EFTBD@VDFZBD@K@LK@DGND@VBMUND@LK@KSTMKDDIBa@
aPaP@@JBUKCENM@TBOEFZND@T\OFZND@LK@ZGOEGMN@^BOENLND@NBD@
LFMKFEBD@LND@UGO_KMKD@K@DGN@^NOBMFhNHIB]@ZBCEMF\GFCLB@TNMN@N@
MKLGHIB@LND@LKDFWGNOLNLKD@LK@WCKMBa@
a@@?UTOFNM@B@MKZBC_KZFUKCEB@K@NTMBTMFNHIB@DBZFNO@LN@
LF^KMDFLNLK@LN@TMBLGHIB@NMEDEFZN@\MNDFOKFMN]@TBM@UKFB@LK@TBOEFZND@
wsnqjujqrtj}xnsnuvxpmmrxkj~rj}x|nusmormjnsnwrom}x|njuxrxn
`@FCB^NHIB@LK@OFCWGNWKU]@KDEUGOB@`@TMBLGHIB@K@ZFMZGONHIB]@
VBMUNHIB@LK@NZKM^BD@K@MKTKMEcMFBD@K@TMBUBHIB@LB@LKDKC^BO^FUKCEB@
LND@NEF^FLNLKD@KZBCYUFZND@ZBMMKDTBCLKCEKDa@
aaP@@JBMUGONM@K@FUTOKUKCENM@TONCBD@DKEBMFNFD@CNZFBCNFD@LK@
OFCWGNWKCD@NMEDEFZND@K@KSTMKDDzKD@ZGOEGMNFD]@gGK@FCZOGNU@B\KEF^BD]@
UKEND@K@DFDEKUND@LK@NZBUTNC_NUKCEB]@N^NOFNHIB@K@ZBCEMBOK@DBZFNOa@
a@@FDDKUFCNM@B@ZBC_KZFUKCEB@K@NUTOFNM@N@NTMBTMFNHIB@DBZFNO@
LB@TNEMFUYCFB@ZGOEGMNO@\MNDFOKFMB]@TBM@UKFB@LK@KLFENFD@LK@DKOKHIB@LK@
TKDgGFDN]@TMKUFNHzKD]@VBUKCEB@N@KDEGLBD@DB\MK@B@EKUN@K@FCZKCEF^B@
N@TG\OFZNHzKD@^BOENLBD@N@FCDEFEGFHzKD@LK@KCDFCB@K@TKDgGFDN@K@N@
TKDgGFDNLBMKD@NGEYCBUBDa@
aaP@@{MBUB^KM@NHzKD@LK@KLGZNHIB@TNMN@B@TNEMFUYCFB]@^BOENLND@
ujvjnjnqxiuvsskm}xnsnxnmrkrpqjwxnwxnujtvrikrxnsnwjnisivrjn
ZBOKEF^N]@KU@DGND@LF^KMDND@UNCFVKDENHzKD@ZBUB@VGCLNUKCEB@LN@
ZFLNLNCFN]@LN@FLKCEFLNLK@K@LN@LF^KMDFLNLK@ZGOEGMNOa@
aa@@CDKMFM@B@TNEMFUYCFB@ZGOEGMNO@CN@TNGEN@LB@KCDFCB@VBMUNO]@
NTMBTMFNCLBfDK@LBD@\KCD@ZGOEGMNFD@CBD@TMBZKDDBD@LK@VBMUNHIB@
VBMUNO@ZFLNLI]@KDEFUGONCLB@CB^ND@^F^CZFND@K@TMeEFZND@KLGZNEF^NDa@
aa@@JBUKCENM@N@NTMBTMFNHIB@LBD@FCDEMGUKCEBD@LK@TKDgGFDN]@
LBZGUKCENHIB@K@LFVGDIB@LND@UNCFVKDENHzKD@ZGOEGMNFD@TBTGONMKD@TBM@
TNMEK@LND@ZBUGCFLNLKD@gGK@ND@N\MFWNU]@KDEFUGONCLB@N@NGEBWKDEIB@
LK@DGN@UKUcMFNa@
1

aa@@KDKC^BO^KM@GUN@MKLK@LK@ZBBTKMNHIB@KCEMK@FCDEFEGFHzKD@
T\OFZND@VKLKMNFD]@KDENLGNFD@K@UGCFZFTNFD]@FCDEFEGFHzKD@TMF^NLND]@
UKFBD@LK@ZBUGCFZNHIB@K@LKUNFD@BMWNCFhNHzKD@ZF^FD@TNMN@TMBUB^KM@
B@ZBC_KZFUKCEB@DB\MK@B@TNEMFUYCFB@ZGOEGMNO]@TBM@UKFB@LN@MKNOFhNHIB@
LK@UNTKNUKCEBD]@FC^KCEeMFBD@K@NHzKD@LK@LFVGDIBa@
nn jusjvnxnujtvrikrxnqo~tovj~nvjmr~srvxnojvwjwxnuxvn
FCDEFEGFHzKD@TMF^NLND@K@BMWNCFhNHzKD@DBZFNFD]@ZBU@B@B\KEF^B@LK@
VBMUNHIB@LK@GU@\NCZB@LK@MKWFDEMBD@LN@UKUcMFN@BTKMeMFN@CNZFBCNOa@
a@@KDKC^BO^KM@K@FUTOKUKCENM]@KU@ZBCGCEB@ZBU@ND@
FCDECZFND@OBZNFD]@TONCBD@LK@TMKDKM^NHIB@TNMN@ND@ZFLNLKD@K@CZOKBD@
GM\NCBD@_FDEcMFZBD@BG@LK@MKVKMCZFN@ZGOEGMNO]@N\BMLNCLB@N@ZGOEGMN@
K@B@TNEMFUYCFB@ZBUB@KFSBD@LK@TONCKNUKCEB@K@LKDKC^BO^FUKCEB@
GM\NCBa@

nnkqsktryjvnsnuvxixysvnjnoj~rpqj}xnwjnuvxwo}xn
LB@LKDFWC]@LN@NMgGFEKEGMN@K@LB@GM\NCFDUB@ZBCEKUTBMCKBD]@
UKO_BMNCLB@B@NU\FKCEK@UNEKMFNO]@BD@NDTKZEBD@KDEEFZBD@K@ND@
ZBCLFHzKD@LK@_N\FEN\FOFLNLK@LND@ZFLNLKD]@MKDTKFENCLB@B@TNEMFUYCFB@
TMKKSFDEKCEK@K@TMBTBMZFBCNCLB@N@ZMFNHIB@LB@TNEMFUYCFB@UNEKMFNO@LB@
VGEGMBa@
aa@@{MFBMFhNM@NHzKD@FCEKWMNLND@LK@MKN\FOFENHIB@LK@eMKND@
GM\NCND@ZKCEMNFD]@NOFNCLB@TMKDKM^NHIB@LB@TNEMFUYCFB@ZGOEGMNO@
K@LKDKC^BO^FUKCEB@GM\NCB@ZBU@FCZOGDIB@DBZFNO]@VBMENOKZKCLB@
FCDECZFND@OBZNFD@LK@TONCKNUKCEB@K@WKDEIBa@
aa@@JBMENOKZKM@N@TBOEFZN@LK@TKDgGFDN]@LBZGUKCENHIB@
K@TMKDKM^NHIB@LK@DEFBD@NMgGKBOcWFZBD]@TMBUB^KCLB@NHzKD@LK@
ZBUTNMEFO_NUKCEB@LK@MKDTBCDN\FOFLNLKD@ZBU@N@DBZFKLNLK@CN@WKDEIB@
LK@DEFBD@NMgGKBOcWFZBD@K@B@VBUKCEB@`@DGN@DBZFNOFhNHIBa@
aa@@{MBUB^KM@TBOEFZN@TNMN@B@MKZBC_KZFUKCEB]@TKDgGFDN]@
TMKDKM^NHIB@K@LFVGDIB@LB@TNEMFUYCFB@TNOKBCEBOcWFZB]@KU@ZBCGCEB@
ZBU@LKUNFD@cMWIBD]@FCDEFEGFHzKD@K@KCEFLNLKD@ZBMMKONZFBCNLNDa@
aa@@DEFUGONM@N@ZBUTMKKCDIB@LBD@UGDKGD]@ZKCEMBD@ZGOEGMNFD@
K@KDTNHBD@LK@UKUcMFN@ZBUB@NMEFZGONLBMKD@LB@NU\FKCEK@GM\NCB]@
LN@_FDEcMFN@LN@ZFLNLK@K@LK@DKGD@KDEN\KOKZFUKCEBD@_GUNCBD@ZBUB@
VKCYUKCB@ZGOEGMNOa@
a@@DEN\KOKZKM@GU@DFDEKUN@CNZFBCNO@LKLFZNLB@`@LBZGUKCENHIB]@
TMKDKM^NHIB]@MKDENGMNHIB]@TKDgGFDN]@VBMUNHIB]@NgGFDFHIB@K@LFVGDIB@
LK@NZKM^BD@LK@FCEKMKDDK@T\OFZB@K@TMBUB^KM@MKLKD@LK@FCDEFEGFHzKD@
LKLFZNLND@`@UKUcMFN@K@FLKCEFLNLK@LBD@LFVKMKCEKD@WMGTBD@VBMUNLBMKD@
LN@DBZFKLNLK@\MNDFOKFMNa@
aaP@@?LBENM@TMBEBZBOBD@gGK@TMBUB^NU@B@GDB@LFCUFZB@LK@
NMgGF^BD@T\OFZBD]@ZBCKZENLBD@KU@MKLK]@NDDKWGMNCLB@NUTOB@NZKDDB@
LN@TBTGONHIB@K@LFDTBCF\FOFhNCLB@ZBCEKLBD@UGOEFULFNa@
aa@@JBUKCENM@N@FCDENONHIB@LK@NZKM^BD@UCFUBD@KU@
FCDEFEGFHzKD@ LK@ KCDFCB]@ TKDgGFDN]@ KgGFTNUKCEBD@ ZGOEGMNFD@ K@
ZBUGCFEeMFBD]@gGK@ZBCEKUTOK@N@LF^KMDFLNLK@K@ND@ZNMNZEKMDEFZND@LN@
ZGOEGMN@\MNDFOKFMNa@
aa@@!NMNCEFM@ZBCEMBOK@K@DKWGMNCHN@LK@NZKM^BD@K@ZBOKHzKD@
LK@\KCD@Uc^KFD@T\OFZBD@LK@^NOBM@ZGOEGMNO]@KC^BO^KCLB@N@MKLK@LK@
NWKCEKD@MKDTBCDe^KFD]@LK@UBLB@N@MKDWGNMLefOBD@K@WNMNCEFMfO_KD@
NZKDDBa@
aa@@DEFUGONM]@TBM@UKFB@LK@TMBWMNUND@LK@VBUKCEB]@N@
FUTONCENHIB@K@UBLKMCFhNHIB@LK@DFDEKUND@LK@DKWGMNCHN]@LK@VBMUN@N@
MKDWGNMLNM@NZKM^BD@LK@MKZBC_KZFLB@^NOBM@ZGOEGMNOa@
aa@@DEFUGONM@K@ZBCDBOFLNM@N@NTMBTMFNHIB]@TKOND@MKLKD@
T\OFZND@LK@KCDFCB]@LB@TBEKCZFNO@TKLNWcWFZB@LBD@NZKM^BD@LBD@
UGDKGD@\MNDFOKFMBD]@ZBCEMF\GFCLB@TNMN@VBMENOKZKM@B@TMBZKDDB@LK@
KCDFCBfNTMKCLFhNWKU@KU@KDZBOND@T\OFZNDa@
aa@ @ {MBUB^KM@ MKLKD@ LK@ FCDEFEGFHzKD@ LKLFZNLND@ `@
LBZGUKCENHIB]@TKDgGFDN]@TMKDKM^NHIB]@MKDENGMB@K@LFVGDIB@LN@


UKUcMFN@K@FLKCEFLNLK@LBD@LFVKMKCEKD@WMGTBD@VBMUNLBMKD@LN@
DBZFKLNLK@\MNDFOKFMNa@
aa@@JBUKCENM@K@NMEFZGONM]@KU@MKLK]@BD@UGDKGD@ZBUGCFEeMFBD]@
KZBUGDKGD]@UGDKGD@LK@EKMMFEcMFB]@UGDKGD@OBZNFD]@ZNDND@LB@
TNEMFUYCFB@ZGOEGMNO@K@BGEMBD@ZKCEMBD@LK@TMKDKM^NHIB@K@LFVGDIB@LB@
TNEMFUYCFB@ZGOEGMNO]@WNMNCEFCLB@B@LFMKFEB@LK@UKUcMFN@NBD@LFVKMKCEKD@
WMGTBD@K@UB^FUKCEBD@DBZFNFDa@
aaR@@DEFUGONM@N@ZMFNHIB@LK@ZKCEMBD@FCEKWMNLBD@LN@UKUcMFN@
iomsom|njvoryxmnsnr~rxtsqjmnkxmnmtjwxmnsn okrqurxmn
\MNDFOKFMBD]@ZBU@N@VGCHIB@LK@MKWFDEMB]@TKDgGFDN]@TMKDKM^NHIB@K@
LFVGDIB@LB@ZBC_KZFUKCEBa@
aaQ@@JBUKCENM@N@FCDENONHIB@K@N@NUTOFNHIB@LK@NZKM^BD@T\OFZBD@
LFMKZFBCNLBD@`D@LF^KMDND@OFCWGNWKCD@NMEDEFZND@K@KSTMKDDzKD@ZGOEGMNFD@
KU@FCDEFEGFHzKD@LK@KCDFCB]@\F\OFBEKZND@K@KgGFTNUKCEBD@ZGOEGMNFDa@
aaP2@@?EGNOFhNM@K@NTMFUBMNM@N@TMKDKM^NHIB]@N@ZBCDKM^NHIB]@
jnvsmtjovj}x|njnusmormjnsnjnwrom}xnwxmnjqsvyxmnwsnxtxvjpjn
{MBUB^KM@B@FCEKMZU\FB@LK@ZBCDKM^NLBMKD@K@EZCFZBD@\MNDFOKFMBD@K@
KDEMNCWKFMBD@LKLFZNLBD@N@KDDK@DGTBMEKa@

nn jusjvnsnuvsmsvyjvnxnujtvrikrxnxkxvpqxnvjmr~srvxn
ZBU@B@B\KEF^B@LK@VBMUNM@GU@\NCZB@CNZFBCNO@LK@MKWFDEMBD@DBCBMBD@K@
LFDTYfOBD@KU@TBMENO@KOKEMYCFZB@TNMN@LFVGDIB@WMNEGFEN]@MKDTKFENCLB@N@
OKWFDONHIB@NGEBMNO@K@OK^NCLB@KU@ZBCDFLKMNHIB@ND@CB^ND@UBLNOFLNLKD@
LK@OFZKCZFNUKCEBa@
aaP@@KNOFhNM@GU@TMBWMNUN@ZBCECGB@LK@LFWFENOFhNHIB@LK@
jqsvyxmnmxkxvxmnsnwsnirqvxp~ijsinwsnujvtrtovjmn
aaP@@{MBUB^KM@K@VBUKCENM@FCFZFNEF^ND@LK@TMKDKM^NHIB@LN@
isivrjnwjnixwj|nwxnysmtovrxnsnwxnwsmrknkxnvjmr~|nqxktvrorkwxn
TNMN@N@^NOBMFhNHIB@LND@TMeEFZND@NMEKDNCNFD@K@FCLGDEMFNFD]@MGMNFD@K@
GM\NCNDa@
aaP@@JBMENOKZKM@FCDEFEGFHzKD@T\OFZND@K@NTBFNM@FCDEFEGFHzKD@
TMF^NLND@gGK@MKNOFhKU@TMBWMNUND@LK@TMKDKM^NHIB@K@LFVGDIB@LK@
NZKM^BD@NGLFB^FDGNFDa@
nn jusjv|nvsrmtvjv|nmj~yjojvwjvnsnwrokwrvnjmnwrysvmjmn
KSTMKDDzKD@ LN@ LF^KMDFLNLK@ \MNDFOKFMN]@ DB\MKEGLB@ NgGKOND@
ZBMMKDTBCLKCEKD@NB@TNEMFUYCFB@FUNEKMFNO]@`D@TNFDNWKCD@EMNLFZFBCNFD@
K@NBD@OGWNMKD@LK@FUTBMECZFN@_FDEcMFZN@K@DFU\cOFZN@TNMN@N@CNHIB@
\MNDFOKFMNa@
aaP@@CDEFEGFM@N@TNFDNWKU@ZGOEGMNO@ZBUB@VKMMNUKCEN@LK@
MKZBC_KZFUKCEB@LN@LF^KMDFLNLK@ZGOEGMNO@\MNDFOKFMN]@NUTOFNCLB@N@
CBHIB@LK@TNEMFUYCFB@TNMN@B@ZBCEKSEB@EKMMFEBMFNO@K@N\NMZNCLB@ND@
UNCFVKDENHzKD@UNEKMFNFD@K@FUNEKMFNFD@LND@eMKNDa@
aa@@KNOFhNM@NHIB@FCEKWMNLN@TNMN@N@FCDEFEGFHIB@LK@FCDEMGUKCEBD@
LK@TMKDKM^NHIB]@MKWFDEMB]@DNO^NWGNMLN@K@LFVGDIB@LK@EBLND@ND@OCWGND@
snj~jvsmnomjwxmnkxnjm|nrkq~orkwxnjn$kojnvjmr~srvjnwsn"rkjrmnn
$"n
aa@@KNOFhNM@TMBWMNUND@LK@TMBUBHIB@K@TMBEKHIB@LND@OCWGND@
FCLWKCND@K@LK@BGEMBD@TB^BD@K@ZBUGCFLNLKD@EMNLFZFBCNFD@K@KDEFUGONM@
N@TMBLGHIB@K@N@EMNLGHIB@LK@LBZGUKCEBD@CKDDKD@FLFBUNDa@
aa@@{MBUB^KM@ND@ZGOFCeMFND]@ND@WNDEMBCBUFND]@BD@GEKCDOFBD]@
ND@ZBhFC_ND@K@ND@VKDEND@ZBMMKDTBCLKCEKD@ZBUB@TNEMFUYCFB@\MNDFOKFMB@
UNEKMFNO@K@FUNEKMFNO]@\KU@ZBUB@B@MKWFDEMB]@N@TMKDKM^NHIB@K@N@LFVGDIB@
LK@DGND@TMeEFZNDa@
nnxvtj~sqsvnsnuvsmsvyjvnjnjotxkxirjnwxnqjiuxnwsnvs@s}xn
DB\MK@N@ZGOEGMN]@NDDKWGMNCLB@DGN@NMEFZGONHIB@FCLFDTKCDe^KO@ZBU@
ND@LFCUFZND@LK@TMBLGHIB@K@VMGFHIB@DFU\cOFZN@LND@KSTMKDDzKD@
ZGOEGMNFD@K@OFCWGNWKCD@NMEDEFZNDa@
aaP@@?UTOFNM@BD@TMBWMNUND@^BOENLBD@`@MKNOFhNHIB@LK@
DKUFCeMFBD]@`@TG\OFZNHIB@LK@OF^MBD]@MK^FDEND]@BMCNFD@K@BGEMBD@
11

FUTMKDDBD@ZGOEGMNFD]@NB@GDB@LN@ULFN@KOKEMYCFZN@K@LN@FCEKMCKE]@TNMN@
N@TMBLGHIB@K@N@LFVGDIB@LN@ZMEFZN@NMEDEFZN@K@ZGOEGMNO]@TMF^FOKWFNCLB@
ND@FCFZFNEF^ND@gGK@ZBCEMF\GNU@TNMN@N@MKWFBCNOFhNHIB@K@N@TMBUBHIB@
LN@LF^KMDFLNLKa@
aa@@DEN\KOKZKM@TMBWMNUND@ZBCECGBD@LK@TMKUFNHIB@TNMN@
TKDgGFDND@K@TG\OFZNHzKD@KLFEBMFNFD@CN@eMKN@LK@ZMEFZN]@EKBMFN@K@
_FDEcMFN@LN@NMEK]@TNEMFUYCFB@ZGOEGMNO@K@TMBKEBD@KSTKMFUKCENFDa@
aa@@JBUKCENM]@TBM@FCEKMULFB@LK@DKOKHIB@K@KLFENFD@T\OFZBD]@
FCFZFNEF^ND@LK@TKDgGFDN@K@VBMUNHIB@LK@NZKM^BD@LBZGUKCENFD@K@
lrmtvrqxmnmxvsnjnqvtrqjnsnvs@s}xnqo~tovj~nvsj~rjwjnkxnjmn
aa@@JBUKCENM@B@KUTMKWB@LND@EKZCBOBWFND@LK@FCVBMUNHIB@K@
ZBUGCFZNHIB]@ZBUB@ND@MKLKD@DBZFNFD]@TNMN@N@KSTNCDIB@LBD@KDTNHBD@
wsnwrmqomm}xnkjnvsjnwsnqvtrqjnsnvs@s}xnqo~tovj~n
aa@@DEN\KOKZKM@TMBWMNUND@CN@MKLK@LK@KgGFTNUKCEBD@
qo~tovjrmnyx~tjwxmnjnjtryrwjwsmnwsnxvij}xnwsnuvxpmmrxkjrmnujvjnjn
qvtrqjnsnjnvs@s}xnqo~tovj~n
aa@@ON\BMNM]@KU@TNMZKMFN@ZBU@BD@cMWIBD@LK@KLGZNHIB@K@
ZFCZFN@K@EKZCBOBWFN@K@TKDgGFDN]@GUN@TBOEFZN@LK@VBMUNHIB@LK@
TKDgGFDNLBMKD@K@CZOKBD@LK@TKDgGFDN@DB\MK@ND@UNCFVKDENHzKD@NVMBf
\MNDFOKFMND]@FCLWKCND@K@LK@BGEMBD@TB^BD@K@ZBUGCFLNLKD@EMNLFZFBCNFD@
CND@FCDEFEGFHzKD@LK@KCDFCB@DGTKMFBMa@
nnvtrqo~jvnqxinjmnj3kqrjmnqrsktpqjmnsnjmnrkmtrtorsmn
LK@UKUcMFN@K@TNEMFUYCFB@ZGOEGMNO@B@LKDKC^BO^FUKCEB@LK@OFC_ND@LK@
TKDgGFDN@DB\MK@ND@KSTMKDDzKD@ZGOEGMNFD@TBTGONMKDa@
aaR@@JBUKCENM]@TBM@UKFB@LK@KLFENFD@T\OFZBD@K@TNMZKMFND@
ZBU@cMWIBD@LK@KLGZNHIB]@ZFCZFN@K@EKZCBOBWFN@K@TKDgGFDN]@ND@
NEF^FLNLKD@LK@WMGTBD@LK@KDEGLBD@NZNLUFZBD]@KSTKMFUKCENFD@K@LN@
DBZFKLNLK@ZF^FO@gGK@N\BMLKU@gGKDEzKD@MKONEF^ND@`@ZGOEGMN]@`D@NMEKD@K@
`@LF^KMDFLNLK@ZGOEGMNOa@
aaQ@@CZKCEF^NM@TMBWMNUND@LK@KSEKCDIB@gGK@VNZFOFEKU@B@
LFeOBWB@KCEMK@BD@ZKCEMBD@LK@KDEGLBD]@ZBUGCFLNLKD@NMEDEFZND@K@
UB^FUKCEBD@ZGOEGMNFDa@
aaP2@@DEFUGONM@K@VBUKCENM@N@MKNOFhNHIB@LK@TMBKEBD@K@KDEGLBD@
DB\MK@N@LF^KMDFLNLK@K@UKUcMFN@ZGOEGMNO@\MNDFOKFMNa@
aaPP@@{MBUB^KM@B@UNTKNUKCEB@LBD@ZFMZGFEBD@LK@NMEK@LFWFENO]@
jmmrinqxixnwsnmojmnvxktsrvjmnsnwjmnrk@o3kqrjmnitojmnqxinxmn
ZFMZGFEBD@EMNLFZFBCNFDa@
aaP@@CZKCEF^NM@TMBKEBD@LK@TKDgGFDN@DB\MK@B@FUTNZEB@
DBZFBZGOEGMNO@ LN@ TMBWMNUNHIB@ LBD@ UKFBD@ LK@ ZBUGCFZNHIB@
ZBCZKLFLBD@TG\OFZNUKCEKa@
aaP@@CZKCEF^NM@N@VBMUNHIB@LK@OFC_ND@LK@TKDgGFDN]@
susvrisktjsmn smttrqjmn sn vs@s}xn mxvsn xn riujqtxn
DBZFBKZBCYUFZB@K@ZGOEGMNO@LND@FCB^NHzKD@EKZCBOcWFZND@K@LN@
KZBCBUFN@WOB\NO@DB\MK@ND@NEF^FLNLKD@TMBLGEF^ND@LN@ZGOEGMN@K@DKG@
^NOBM@DFU\cOFZBa@
aaP@@KNOFhNM@FCFZFNEF^ND@ZBCGCEND@LND@FCDEFEGFHzKD@LK@
ZGOEGMN]@TKDgGFDN@K@MKONHzKD@KSEKMFBMKD@TNMN@N@FUTONCENHIB@LK@
uvxvjijmnwsnrktsvq=irxnsnvsmrw3kqrjnujvjnuvxpmmrxkjrmnwjnqvtrqjn
LK@NMEK]@NOU@LK@GUN@TBOEFZN@LK@LFVGDIB@LK@ZMEFZN@\MNDFOKFMN@CB@
KSEKMFBM@K@LK@ZMEFZN@KDEMNCWKFMN@CB@{NDa@
aaP@@KDKC^BO^KM@OFC_ND@LK@TKDgGFDN@CB@ZNUTB@LBD@UGDKGD]@
ZBOKHzKD]@UKUcMFN@K@TNEMFUYCFB@K@CN@eMKN@LK@NMgGFEKEGMN@LBD@
UGDKGDa@
aaP@@ANTNZFENM@KLGZNLBMKD@K@NWKCEKD@UGOEFTOFZNLBMKD@TNMN@N@
GEFOFhNHIB@LK@FCDEMGUKCEBD@^BOENLBD@`@VBMUNHIB@LK@GUN@ZBCDZFCZFN@
_FDEcMFZN@ZMEFZN@gGK@FCZKCEF^K@N@^NOBMFhNHIB@K@N@TMKDKM^NHIB@LB@
TNEMFUYCFB@UNEKMFNO@K@FUNEKMFNOa@


693780/;;;//50/962110.
7:;24198; 94/0/962110/501/4491;82;401//
9432/2//6783749/a798;>;694/9 4;2:321/2/
2a7;9 2:301/6783749;1//
949/9/>04 9<=0/2/>47;<=0/50/48;60/24 ;3;4/
901/64;950421/0/962110/1/60:5;<\21/2/ 2;01/
52/4057<=0/67837498.
b@NZKDDB@`@NMEK@K@`@ZGOEGMN]@`@UKUcMFN@K@NB@ZBC_KZFUKCEB@@
GU@LFMKFEB@ZBCDEFEGZFBCNO@K@ZBCLFHIB@VGCLNUKCENO@TNMN@B@KSKMZZFB@
TOKCB@LN@ZFLNLNCFN@K@TNMN@N@VBMUNHIB@LN@DG\KEF^FLNLK@K@LBD@^NOBMKD@
DBZFNFDa@@CKZKDDeMFB]@TNMN@ENCEB]@GOEMNTNDDNM@B@KDENLB@LK@ZNMCZFN@
K@VNOEN@LK@ZBCENEB@ZBU@BD@\KCD@DFU\cOFZBD@K@ZBCEKLBD@ZGOEGMNFD@
gGK@ND@NZKCEGNLND@LKDFWGNOLNLKD@DBZFBKZBCYUFZND@TMBLGhFMNU@CND@
ZFLNLKD@\MNDFOKFMND]@CBD@UKFBD@MGMNFD@K@CBD@LKUNFD@EKMMFEcMFBD@KU@
gGK@^F^KU@ND@TBTGONHzKDa@
@CKZKDDeMFB@NUTOFNM@B@_BMFhBCEK@LK@ZBCENEB@LK@CBDDN@
TBTGONHIB@ZBU@BD@\KCD@DFU\cOFZBD@K@BD@^NOBMKD@ZGOEGMNFD@LB@
ujmmjwxnsnwxnuvsmskts|nwrysvmrpqjkwxnjmnxktsmnwsnrkxvij}xnmmxn
vsosvnjnoj~rpqj}xnwxmnjirsktsmnsnsorujisktxmnqo~tovjrmnsin
ujtjijvsmnqxktsiuxv=ksxm|njoisktxnsnwrysvmrpqj}xnwjnxsvtjn
LK@TMBWMNUNHzKD@K@KSTBDFHzKD]@NEGNOFhNHIB@LND@VBCEKD@K@ZNCNFD@LK@
ZBCKSIB@ZBU@BD@TMBLGEBD@ZGOEGMNFD@K@N@NUTOFNHIB@LND@BTHzKD@LK@
ZBCDGUB@ZGOEGMNO@LBUDEFZBa@
jmsnuvsisktsnwrysvmrpqjvnjnj}xnwxnmtjwx|nsvjkwxnmouxvtsn
NBD@TMBLGEBMKD@LND@LF^KMDND@UNCFVKDENHzKD@ZMFNEF^ND@K@KSTMKDDzKD@
DFU\cOFZND]@NONMWNCLB@ND@TBDDF\FOFLNLKD@LK@KSTKMFUKCENHIB@K@
ZMFNHIB@KDEEFZN]@FCB^NHIB@K@MKDGOENLBa@DDB@TMKDDGTzK@CB^ND@
ZBCKSzKD]@VBMUND@LK@ZBBTKMNHIB@K@MKONHIB@FCDEFEGZFBCNO@KCEMK@
NMEFDEND]@ ZMFNLBMKD]@ UKDEMKD]@ TMBLGEBMKD]@ WKDEBMKD@ ZGOEGMNFD]@
BMWNCFhNHzKD@DBZFNFD@K@FCDEFEGFHzKD@OBZNFDa@
DENLB@K@DBZFKLNLK@LK^KU@TNZEGNM@KDVBMHBD@TNMN@WNMNCEFM@ND@
ZBCLFHzKD@CKZKDDeMFND@`@MKNOFhNHIB@LBD@ZFZOBD@gGK@ZBCDEFEGKU@BD@
VKCYUKCBD@ZGOEGMNFD]@VNhKCLB@ZBU@gGK@DKNU@LFDTBCF\FOFhNLBD@
TNMN@gGKU@BD@LKUNCLN@K@CKZKDDFENa@
?!?@@?kl@

nniu~rjvnsnwrysvmrpqjvnjmnjsmnwsnxvij}xnsnpws~rj}xn
wsnu~rqx|njnpinwsnoj~rpqjvnxnqxktjtxnqxinsnjnvor}xnwjmnjvtsmn
K@LND@ZGOEGMND]@\MNDFOKFMND@K@FCEKMCNZFBCNFD@K@NTMBSFUNM@ND@KDVKMND@
LK@MKZKTHIB@T\OFZN@K@DBZFNO@LND@ZMFNHzKD@NMEDEFZND@K@KSTMKDDzKD@
ZGOEGMNFDa@

nnvxixysvnxnpkjkqrjisktxnwsnux~trqjmnwsnxvij}xn
LK@T\OFZB]@TNMN@TKMUFEFM@N@LFDTBCF\FOFhNHIB@LK@MKTKMEcMFBD]@LK@
NZKM^BD]@LK@LBZGUKCEBD@K@LK@B\MND@LK@MKVKMCZFN]@FCZKCEF^NCLB@
TMBKEBD@K@NHzKDa@
aPa@@AMFNM@TMBWMNUND@K@DG\DLFBD@TNMN@N@NUTOFNHIB@LK@BVKMEN@
K@MKLGHIB@LK@TMKHBD@KDEFUGONCLB@NZKDDB@NBD@TMBLGEBD]@\KCD@K@
DKM^FHBD@ZGOEGMNFD]@FCZBMTBMNCLB@CB^ND@EKZCBOBWFND@LN@FCVBMUNHIB@
K@LN@ZBUGCFZNHIB@CKDDND@KDEMNEWFNDa@
aPa@@DEFUGONM@ND@NDDBZFNHzKD@LK@NUFWBD]@ZOG\KD]@NDDBZFNHzKD]@
DBZFKLNLKD@K@BGEMND@VBMUND@ZBUGCFEeMFND@gGK@TBEKCZFNOFhKU@B@
NZKDDB@N@\KCD@K@DKM^FHBD@KU@KgGFTNUKCEBD@ZGOEGMNFDa@

n n wsktrpqjvn sn wryo~jv|n uxvn isrxn wsn ms~ssm|n

TMUFBD@K@BGEMND@VBMUND@LK@FCZKCEF^B]@FCFZFNEF^ND@LK@VBMUNHIB]@
wsmskyx~yrisktxnwsnjvtsnswoqj}xnsnoj~rpqj}xnwjnvor}xn
ZGOEGMNOa@
aPa@@?UTOFNM@B@NZKDDB@`@VMGFHIB@ZGOEGMNO]@TBM@UKFB@LK@
TMBWMNUND@^BOENLBD@N@ZMFNCHND]@B^KCD]@FLBDBD@K@TKDDBND@ZBU@
wspqr3kqrj|njvtrqo~jkwxnrkrqrjtryjmnqxixnjnxsvtjnwsntvjkmuxvts|n
17

LKDZBCEBD@K@FCWMKDDBD@WMNEGFEBD]@NHzKD@KLGZNEF^ND@K@^FDFEND@N@
KgGFTNUKCEBD@ZGOEGMNFDa@
aPa@@UTONCENM]@KU@TNMZKMFN@ZBU@ND@KUTMKDND@KUTMKWNLBMND]@
TMBWMNUND@LK@NZKDDB@`@ZGOEGMN@TNMN@B@EMN\NO_NLBM@\MNDFOKFMB]@gGK@
TKMUFENU@N@KSTNCDIB@LB@ZBCDGUB@K@B@KDEUGOB@`@VBMUNOFhNHIB@LB@
UKMZNLB@LK@\KCD]@DKM^FHBD@K@ZBCEKLBD@ZGOEGMNFDa@
aPa@@{MBUB^KM@N@FCEKWMNHIB@KCEMK@KDTNHBD@KLGZNZFBCNFD]@
KDTBMEF^BD]@TMNHND@K@TNMgGKD@LK@ONhKM@K@ZGOEGMNFD]@ZBU@B@B\KEF^B@
LK@NTMFUBMNM@ND@TBOEFZND@LK@VBMUNHIB@LK@T\OFZB]@KDTKZFNOUKCEK@
CN@FCVCZFN@K@G^KCEGLKa@
aPaR@@DEFUGONM@K@VBUKCENM@N@FCDENONHIB]@N@UNCGEKCHIB@K@N@
NEGNOFhNHIB@LK@KgGFTNUKCEBD@ZGOEGMNFD@KU@KDTNHBD@LK@OF^MK@NZKDDB]@
LBENCLBfBD@LK@NU\FKCEKD@NEMNEF^BD@K@LK@LFDTBDFEF^BD@EZCFZBD@
K@EKZCBOcWFZBD@NLKgGNLBD@`@TMBLGHIB]@LFVGDIB]@TMKDKM^NHIB@K@
FCEKMZU\FB@NMEDEFZB@K@ZGOEGMNO]@KDTKZFNOUKCEK@KU@eMKND@NFCLN@
LKDNEKCLFLND@K@ZBU@TMB\OKUND@LK@DGDEKCENHIB@KZBCYUFZNa@
aPaQ@@!NMNCEFM@gGK@BD@KgGFTNUKCEBD@ZGOEGMNFD@BVKMKHNU@
FCVMNKDEMGEGMN]@NMgGFEKEGMN]@LKDFWC]@KgGFTNUKCEBD]@TMBWMNUNHIB]@
jqsvyxmnsnjtryrwjwsmnqo~tovjrmnoj~rpqjwxmnsnjwsojwxmnmn
KSTKZENEF^ND@LK@NZKDDB]@LK@ZBCENEB@K@LK@VMGFHIB@LB@T\OFZB]@
jvjktrkwxnjnsmusqrpqrwjwsnwsnusmmxjmnqxinksqsmmrwjwsmnsmusqrjrmn
aPaP2@@DEN\KOKZKM@K@VBUKCENM@TMBWMNUND@LK@NUTNMB@K@
NTBFB@`@UNCGEKCHIB@K@WKDEIB@KU@MKLK@LK@KgGFTNUKCEBD@ZGOEGMNFD]@
TBEKCZFNOFhNCLB@FC^KDEFUKCEB@K@WNMNCEFCLB@TNLMzKD@LK@gGNOFLNLKa@
aPaPP@@CDENONM@KDTNHBD@LK@KSF\FHIB@NGLFB^FDGNO@CBD@ZKCEMBD@
ZGOEGMNFD]@KLGZNEF^BD@K@ZBUGCFEeMFBD@LK@EBLB@B@{ND]@KDTKZFNOUKCEK@
NgGKOKD@OBZNOFhNLBD@KU@eMKND@LK@^GOCKMN\FOFLNLK@DBZFNO@BG@LK@\NFSBD@
CLFZKD@LK@NZKDDB@`@ZGOEGMN]@LFDTBCF\FOFhNCLB@NTNMKO_BD@UGOEFULFN@
K@LFWFENFD@K@TMBUB^KCLB@N@KSTNCDIB@LBD@ZFMZGFEBD@LK@KSF\FHIBa@
aPaP@@KN\FOFENM@BD@EKNEMBD]@TMNHND]@ZKCEMBD@ZBUGCFEeMFBD]@
\F\OFBEKZND]@ZFCKZOG\KD@K@ZFCKUND@LK@\NFMMB]@ZMFNCLB@TMBWMNUND@
KDENLGNFD@K@UGCFZFTNFD@LK@ZFMZGONHIB@LK@TMBLGEBD]@ZFMZGFEBD@LK@
srr}xnqrksijtxvpqj|nsysktxmnqo~tovjrmnsnwsijrmnuvxvjijsmn

nn jusjvnsmujxmnxqrxmxm|nujtvrikrxnu~rqxnsnriysrmn
LN@CFIB]@ZMFNCLB@TMBWMNUND@TNMN@NTBFNM@K@KDEFUGONM@B@DKG@GDB@
TNMN@N@MKNOFhNHIB@LK@UNCFVKDENHzKD@NMEDEFZND@K@ZGOEGMNFD]@KDTNHBD@LK@
NEKOFD]@TONENVBMUND@ZMFNEF^ND@K@CZOKBD@LK@TMBLGHIB@FCLKTKCLKCEKa@
aPaP@ @ JBUKCENM@ GCFLNLKD@ Uc^KFD@ ZBU@ FCVMNKDEMGEGMN@
NLKgGNLN@`@ZMFNHIB@K@`@NTMKDKCENHIB@NMEDEFZN]@BVKMEN@LK@\KCD@K@
TMBLGEBD@ZGOEGMNFD]@NEKCLKCLB@`D@ZBUGCFLNLKD@LK@EBLND@ND@MKWFzKD@
\MNDFOKFMND]@KDTKZFNOUKCEK@LK@MKWFzKD@MGMNFD@BG@MKUBEND@LBD@ZKCEMBD@
GM\NCBDa@
aPaP@@DEN\KOKZKM@ZMFEMFBD@EZCFZBD@TNMN@N@ZBCDEMGHIB@K@
MKVBMUN@LK@KgGFTNUKCEBD@ZGOEGMNFD]@\F\OFBEKZND]@TMNHND]@NDDFU@
ZBUB@BGEMBD@KDTNHBD@T\OFZBD@ZGOEGMNFD]@LNCLB@CVNDK@`@ZMFNHIB@
jvortstkrqjnsnjxnwsmrk|nsmtrio~jkwxnjnqvrj}xnwsnuvxpmmrxkjrmn
\MNDFOKFMBD@K@KDEMNCWKFMBD@LK@^NOBM@FCEKMCNZFBCNOa@
aPaP@@UTONCENM]@NUTOFNM@K@NEGNOFhNM@KDTNHBD@UGOEFULFN@KU@
FCDEFEGFHzKD@K@KgGFTNUKCEBD@ZGOEGMNFD]@ZBCKZENCLBfBD@KU@MKLK@TNMN@
NUTOFNM@N@KSTKMFUKCENHIB]@ZMFNHIB]@VMGFHIB@K@LFVGDIB@LN@ZGOEGMN@
TBM@UKFB@LN@EKZCBOBWFN@LFWFENO]@LKUBZMNEFhNCLB@ND@ZNTNZFLNLKD@
EZCFZND@LK@TMBLGHIB]@BD@LFDTBDFEF^BD@LK@ZBCDGUB@K@N@MKZKTHIB@
LND@B\MND@K@EMN\NO_BD]@TMFCZFTNOUKCEK@NgGKOKD@LKDKC^BO^FLBD@KU@
DGTBMEKD@LFWFENFDa@
aPaP@@UTOKUKCENM@GUN@TBOEFZN@CNZFBCNO@LK@LFWFENOFhNHIB@K@
NEGNOFhNHIB@EKZCBOcWFZN@LK@ON\BMNEcMFBD@LK@TMBLGHIB]@ZBCDKM^NHIB]@
MKDENGMB@K@MKTMBLGHIB@LK@B\MND@NMEDEFZND]@LBZGUKCEBD@K@NZKM^BD@
ZGOEGMNFD@UNCEFLBD@KU@UGDKGD]@\F\OFBEKZND@K@NMgGF^BD]@FCEKWMNCLB@
DKGD@\NCZBD@LK@ZBCEKLBD@K@MKZGMDBD@EKZCBOcWFZBDa@


aPaPR@@!NMNCEFM@N@FUTONCENHIB@K@UNCGEKCHIB@LK@\F\OFBEKZND@
sintxwxmnxmn okrqurxmnvjmr~srvxmnqxixnsmujxnokwjisktj~nwsn
rkxvij}x|nwsnisivrjn~rtsvvrj|nwjn~kojnsnwxnwsmrknvpqx|n
LK@VBMUNHIB@K@KLGZNHIB]@LK@ONhKM@K@VMGFHIB@ZGOEGMNO]@KSTNCLFCLB]@
jtoj~rjkwxnsnwrysvmrpqjkwxnjnvswsnwsnr~rxtsqjmnu~rqjmn
K@ZBUGCFEeMFND@K@N\NDEKZKCLBfND@ZBU@BD@NZKM^BD@UCFUBD@
MKZBUKCLNLBD@TKON@CKDZB]@NZMKDZFLBD@LK@FCEKWMNHIB@LFWFENO@K@
LFDTBCF\FOFhNHIB@LK@DFEKD@LK@MKVKMCZFNa@
aPaPQ@@DEFUGONM@N@ZMFNHIB@LK@ZKCEMBD@LK@MKVKMCZFN@K@
ZBUGCFEeMFBD@^BOENLBD@`D@ZGOEGMND@TBTGONMKD]@NB@NMEKDNCNEB]@`D@
tqkrqjmnsnjxmnmjsvsmntvjwrqrxkjrmnqxinjnpkj~rwjwsnwsnvsrmtvxn
K@EMNCDUFDDIB@LN@UKUcMFN]@LKDKC^BO^FUKCEB@LK@TKDgGFDND@K@
^NOBMFhNHIB@LND@EMNLFHzKD@OBZNFDa@
aPa2@@DEN\KOKZKM@TNMZKMFND@KCEMK@B@TBLKM@T\OFZB]@KDZMFEcMFBD@
LK@NMgGFEKEGMN@K@LKDFWC]@EZCFZBD@K@KDTKZFNOFDEND]@NMEFDEND]@ZMEFZBD@
K@ZGMNLBMKD]@TMBLGEBMKD@K@KUTMKDeMFBD@TNMN@N@UNCGEKCHIB@LK@
KgGFTNUKCEBD@ZGOEGMNFD@gGK@N\MFWGKU@N@TMBLGHIB@ZBCEKUTBMCKN@
snvs@rtjinmxvsns~j|nixtryjkwxnjnusmormjnqxktkojnwsn~rkojskmn
K@FCEKMNHzKD@LKDEND@ZBU@BGEMBD@ZNUTBD@LND@KSTMKDDzKD@ZGOEGMNFD@
\MNDFOKFMNDa@

nnxisktjvnjnriu~jktj}x|nijkotsk}xnsnoj~rpqj}xn
wxmniomsomnkxmn okrqurxmnvjmr~srvxm|nqxinxnrktortxnwsnuvsmsvyjvn
K@LFVGCLFM@B@TNEMFUYCFB@ZGOEGMNO]@TMBUB^KM@N@VMGFHIB@NMEDEFZN@K@
LKUBZMNEFhNM@B@NZKDDB]@LNCLB@LKDENgGK@`@UKUcMFN@LND@ZBUGCFLNLKD@
K@OBZNOFLNLKDa@
a@@DEN\KOKZKM@MKLKD@LK@KgGFTNUKCEBD@ZGOEGMNFD@WKMFLBD@TKOB@
TBLKM@T\OFZB]@TKON@FCFZFNEF^N@TMF^NLN]@TKOND@ZBUGCFLNLKD@BG@TBM@
NMEFDEND@K@WMGTBD@ZGOEGMNFD]@LK@VBMUN@N@TMBTFZFNM@UNFBM@NZKDDB@K@B@
ZBUTNMEFO_NUKCEB@LK@TMBWMNUNHzKD]@KSTKMFCZFND]@FCVBMUNHzKD@K@
NZKM^BDa@
aaP@@DEFUGONM@N@VBMUNHIB@LK@MKLKD@LK@KgGFTNUKCEBD@T\OFZBD@
snuvryjwxmnqxkxvisnxmnusvpmnqo~tovjrmnsnyxqjsmnrkmtrtoqrxkjrm|n
TMBUB^KCLB@TMBWMNUNHzKD@LFVKMKCZFNLND@TNMN@WKMNHzKD@LFDEFCEND]@
TMFCZFTNOUKCEK@ND@LKLFZNLND@`D@ZMFNCHND@K@NBD@B^KCDa@
aa@@?EGNOFhNM@K@NUTOFNM@N@MKLK@LK@ZKCEMBD@EZCFZBD@LK@
uvxwo}xnsnpkj~rj}xnwsnuvxwotxmnqo~tovjrm|njoisktjkwxnmojmn
ZNTNZFLNLKD@LK@BTKMNHIB@K@NEKCLFUKCEB]@TMBUB^KCLB@N@NMEFZGONHIB@
ZBU@MKLKD@LK@LFDEMF\GFHIB@LK@B\MND]@DKNU@ND@LKDKC^BO^FLND@KU@
DGTBMEKD@EMNLFZFBCNFD]@DKNU@ND@UGOEFULFND]@NGLFB^FDGNFD]@LFWFENFD@
K@LKDKC^BO^FLND@TBM@UKFB@LK@CB^ND@EKZCBOBWFNDa@
a@@bMWNCFhNM@KU@MKLK@N@FCVMNKDEMGEGMN@LK@NMgGF^BD]@
\F\OFBEKZND]@UGDKGD@K@BGEMBD@ZKCEMBD@LK@LBZGUKCENHIB]@NEGNOFhNCLB@
BD@ZBCZKFEBD@K@BD@UBLKOBD@LK@TMBUBHIB@ZGOEGMNO]@WKDEIB@EZCFZN@
uvxpmmrxkj~nsnjtskwrisktxnjxnu~rqx|nvsqrq~jkwxnjnxvij}xnsnjn
KDEMGEGMN@FCDEFEGZFBCNO]@NUTOFNCLB@B@KUTMKWB@LK@MKZGMDBD@_GUNCBD@
FCB^NLBMKD]@LK@EKZCBOBWFND@K@LK@UBLKOBD@LK@DGDEKCEN\FOFLNLK@
KZBCYUFZN]@KVKEF^NCLB@N@ZBCDEFEGFHIB@LK@GUN@MKLK@CNZFBCNO@gGK@
LFCNUFhK@KDDKD@KgGFTNUKCEBD@T\OFZBD@K@TMF^NLBDa@
aaP@@CDEFEGFM@TMBWMNUND@KU@TNMZKMFN@ZBU@N@FCFZFNEF^N@TMF^NLN@K@
BMWNCFhNHzKD@ZF^FD@TNMN@N@NUTOFNHIB@LN@ZFMZGONHIB@LK@\KCD@ZGOEGMNFD@
\MNDFOKFMBD@K@N\KMEGMN@LK@ZNCNFD@LK@TMBDTKZHIB@K@^FDF\FOFLNLK@TNMN@N@
TMBLGHIB@B^KU@K@FCLKTKCLKCEK]@LFDTBCF\FOFhNCLBfN@TG\OFZNUKCEK@
TBM@UKFB@LN@ZNTENHIB@K@EMNCDUFDDIB@LK@ZBCEKLBD@KU@MKLK]@LNCLB@
NZKDDB@T\OFZB@LFWFENO@NBD@GDGeMFBD@K@ZBCDGUFLBMKDa@
aa@@!NMNCEFM@N@ZMFNHIB]@UNCGEKCHIB@K@KSTNCDIB@LN@MKLK@
LK@GCF^KMDFLNLKD@T\OFZND]@LKDKC^BO^KCLB@TBOEFZND@T\OFZND@K@
N@NMEFZGONHIB@ZBU@ND@TMcfMKFEBMFND@LK@ZGOEGMN@K@KSEKCDIB]@TNMN@BD@
KgGFTNUKCEBD@ZGOEGMNFD@GCF^KMDFEeMFBD]@BD@ON\BMNEcMFBD@LK@ZMFNHIB@
NMEDEFZN@K@KSTKMFUKCENHIB@EKZCBOcWFZN]@BD@ZGMDBD@K@ZNMMKFMND@gGK@
18

VBMUNU@ZMFNLBMKD@K@FCEKMNWKU@ZBU@B@ZNUTB@ZGOEGMNO@K@NMEDEFZB]@
TMFCZFTNOUKCEK@CND@GCF^KMDFLNLKD@T\OFZND@K@ZKCEMBD@LK@VBMUNHIB@
tqkrqjnsnuvxpmmrxkj~rjktsn
n n smskyx~ysvn vswsmn sn pkjkqrjvn uvxvjijmn wsn
FCZBMTBMNHIB@LK@LKDFWC]@EKZCBOBWFND@ZBCDEMGEF^ND@K@LK@UNEKMFNFD]@
rkxyj}xnsnmomtsktjr~rwjwsnujvjnjnoj~rpqj}xnwxmnsorujisktxmn
ZGOEGMNFD@\MNDFOKFMBD]@TKMUFEFCLB@ZBCDEMGFM@KDTNHBD@LK@MKVKMCZFN@
gGK@LFDTBCF\FOFhKU@B\KEBD@TMBKENLBD@TBM@ZMFNLBMKD@\MNDFOKFMBD@
lrmtvrqxmnoj~rpqjvnsinvswsnjmn~ryvjvrjmnsnxmnqjmnuvsmsktsmnksmmsmn
KgGFTNUKCEBD]@NUTOFNCLB@N@MKONHIB@LB@T\OFZB@ZBU@ND@DBOGHzKD@
KMWBCYUFZND@K@EZCFZND@LKDKC^BO^FLND@CB@{ND@TKOB@LKDFWCa@
a@@JBUKCENM@N@TMBLGHIB@NMEDEFZN@K@ZGOEGMNO@\MNDFOKFMN]@
TBM@UKFB@LB@NTBFB@`@ZMFNHIB]@MKWFDEMB]@LFVGDIB@K@LFDEMF\GFHIB@LK@
B\MND]@NUTOFNCLB@B@MKZBC_KZFUKCEB@LN@LF^KMDFLNLK@LK@KSTMKDDzKD@
TMB^KCFKCEKD@LK@EBLND@ND@MKWFzKD@LB@{NDa@

nnvrjvnx~mjm|nuvxvjijmnsnswrtjrmnsmusqpqxmnosn
wrysvmrposinjmnjsmnwsnxisktxnmnjvtsm|nsmtrio~jkwxnmojn
TMKDKCHN@CBD@KDTNHBD@ZBEFLFNCBD@LK@KSTKMFCZFN@ZGOEGMNO@LBD@
LFVKMKCEKD@WMGTBD@LN@TBTGONHIB@K@N@TMBUBHIB@LK@CB^BD@NMEFDENDa@
nnxisktjvnsnrkqsktryjvnixws~xmnwsnsmt}xnspqrsktsmn
gGK@TMBUB^NU@B@NZKDDB@`D@NMEKD]@NB@NTMFUBMNUKCEB@K@`@TKDgGFDN@
KDEEFZN@K@gGK@TKMUFENU@B@KDEN\KOKZFUKCEB@LK@WMGTBD@DGDEKCEe^KFD@
K@NGEYCBUBD@LK@TMBLGHIBa@
aa@@JBUKCENM@B@LKDKC^BO^FUKCEB@LND@NMEKD@K@KSTMKDDzKD@
KSTKMFUKCENFD@BG@LK@ZNMeEKM@NUNLBMa@
aa@@JBUKCENM]@TBM@UKFB@LK@KLFENFD@NLNTENLBD@`@MKNOFLNLK@
ZGOEGMNO@LK@ZNLN@ZBUGCFLNLK]@N@TMBLGHIB@LK@ZBCEKLBD@TNMN@N@
LFVGDIB@CND@KUFDDBMND@T\OFZND@LK@MeLFB@K@EKOK^FDIBa@
aa@@{MBUB^KM@B@GDB@LK@EKZCBOBWFND@gGK@VNZFOFEKU@N@TMBLGHIB@
snjnvor}xnjvtmtrqjnsnqo~tovj~nwjmnusmmxjmnqxinwspqr3kqrjn
aa@@DEFUGONM@N@TNMEFZFTNHIB@LK@NMEFDEND]@TMBLGEBMKD@K@
TMBVKDDBMKD@KU@TMBWMNUND@KLGZNEF^BD@LK@NZKDDB@`@TMBLGHIB@
ZGOEGMNOa@
aa@@KDKC^BO^KM@GUN@TBOEFZN@LK@NTBFB@`@TMBLGHIB@ZGOEGMNO@
GCF^KMDFEeMFN]@KDEFUGONCLB@B@FCEKMZU\FB@LK@EKZCBOBWFND@K@LK@
ZBC_KZFUKCEBD@K@N@NTMBSFUNHIB@KCEMK@ND@FCDEFEGFHzKD@LK@KCDFCB@
DGTKMFBM@K@ND@ZBUGCFLNLKDa@
aaR@@JBUKCENM@N@VBMUNHIB@K@N@UNCGEKCHIB@LK@WMGTBD@K@
BMWNCFhNHzKD@ZBOKEF^ND@LK@TKDgGFDN]@TMBLGHIB@K@LFVGDIB@LND@NMEKD@
K@KSTMKDDzKD@ZGOEGMNFD]@KDTKZFNOUKCEK@KU@OBZNFD@_N\FENLBD@TBM@
qxiokrwjwsmnqxinijrxvnwrpqo~wjwsnwsnjqsmmxnnuvxwo}xnsn
VMGFHIB@LN@ZGOEGMNa@
aaQ@@?EGNOFhNM@K@NUTOFNM@N@MKLK@LK@ZKCEMBD@EZCFZBD@LKLFZNLBD@
`@TKDgGFDN]@TMBLGHIB@K@LFDEMF\GFHIB@LK@B\MND@NGLFB^FDGNFD]@LFWFENFD@
K@LKDKC^BO^FLND@TBM@UKFB@LK@CB^ND@EKZCBOBWFNDa@
aaP2@@CDEFEGFM@TMBWMNUND@LK@NgGFDFHIB@WB^KMCNUKCENO@LK@\KCD@
ZGOEGMNFD@KU@LF^KMDND@ULFND@gGK@ZBCEKUTOKU@B@LKDKC^BO^FUKCEB@
LND@TKgGKCND@KLFEBMND]@TMBLGEBMND]@NGEBMKD@K@NMEFDEND@FCLKTKCLKCEKD@
BG@ZBCDBMZFNLBDa@
aaPP@@JBUKCENM@BD@TMBZKDDBD@ZMFNEF^BD@LBD@DKWUKCEBD@
LK@ NGLFB^FDGNO]@ NMEK@ LFWFENO]@ BWBD@ KOKEMYCFZBD]@ ^FLKBNMEK]@
LBZGUKCEeMFBD]@NCFUNHzKD]@FCEKMCKE@K@BGEMBD@ZBCEKLBD@TNMN@ND@
CB^ND@ULFNDa@
aaP@@{MBUB^KM@NHzKD@LK@FCZMKUKCEB@LN@DGDEKCEN\FOFLNLK@
DBZFBZGOEGMNO@CBD@TMBWMNUND@K@NHzKD@gGK@EF^KMKU@FUTNZEB@CND@
ZBUGCFLNLKD@OBZNFDa@
a@@?UTOFNM@N@ZFMZGONHIB@LN@TMBLGHIB@NMEDEFZN@K@ZGOEGMNO]@
yj~xvrjkwxnjmnsuvsmmsmn~xqjrmnsnrktskmrpqjkwxnxnrktsvq=irxn
CB@EKMMFEcMFB@CNZFBCNO]@FCZOGDF^K@ZBU@ND@LK@BGEMBD@TNDKD]@ZBU@


ZBCDENCEK@EMBZN@LK@MKVKMCZFND@K@ZBCZKFEBD]@TMBUB^KCLB@ZNOKCLeMFBD@
LK@K^KCEBD@MKWGONMKD@K@LK@NTMKZFNHIB@ZMEFZN@K@LK\NEK@T\OFZBa@
aaP@@CZKCEF^NM]@LF^GOWNM@K@VBUKCENM@N@MKNOFhNHIB@LK@
ZNOKCLeMFBD@K@UNTND@ZGOEGMNFD@gGK@NTMKDKCEKU@DFDEKUNEFZNUKCEK@
BD@OBZNFD@LK@MKNOFhNHIB@LK@K^KCEBD@ZGOEGMNFD]@KCZBCEMBD]@VKFMND]@
VKDEF^NFD@K@TMBWMNUND@LK@TMBLGHIB@NMEDEFZN@K@ZGOEGMNOa@
aa@@DEFUGONM@B@KgGFO\MFB@KCEMK@N@TMBLGHIB@NMEDEFZN@
K@ND@KSTMKDDzKD@ZGOEGMNFD@OBZNFD@KU@K^KCEBD@K@KgGFTNUKCEBD@
T\OFZBD]@^NOBMFhNCLB@ND@UNCFVKDENHzKD@K@N@KZBCBUFN@LN@ZGOEGMN@
MKWFBCNO]@KDEFUGONCLB@DGN@FCEKMNHIB@ZBU@MKVKMCZFND@CNZFBCNFD@K@
FCEKMCNZFBCNFDa@
aa@@?TBFNM@N@ZMFNHIB@LK@KDTNHBD@LK@ZFMZGONHIB@LK@TMBLGEBD@
ZGOEGMNFD@TNMN@B@ZBCDGUB@LBUDEFZB]@ZMFNCLB@BVKMEN@LK@gGNOFLNLK@
snwrmtvror}xnkjqrxkj~nosnusvirtjinjnwrysvmrpqj}xnwxnisvqjwxn
FCEKMCB@K@N@N\DBMHIB@LND@TMBLGHzKD@OBZNFDa@
aa@@DEFUGONM@N@KSFDECZFN@LK@OF^MNMFND@K@OBND@LK@TMBLGEBD@
ZGOEGMNFD@GCEB@NBD@KgGFTNUKCEBD@ZGOEGMNFD]@LNCLB@LKDENgGK@`@
TMBLGHIB@LND@ZBUGCFLNLKD@K@TKMUFEFCLB@NBD@ZBCDGUFLBMKD@OBZNFD@
B\EKM@TMBLGEBD@CNZFBCNFD@K@FCEKMCNZFBCNFD@LK@gGNOFLNLKa@
aa@@JBUKCENM@K@KDEFUGONM@N@ZBCDEMGHIB@LK@DEFBD@KOKEMYCFZBD@
K@LFDTBDFEF^BD@NOEKMCNEF^BD@LK@LFDEMF\GFHIB@K@ZFMZGONHIB@ZBUKMZFNO@
LK@TMBLGEBD]@TKMUFEFCLB@N@FCEKWMNHIB@LBD@LF^KMDBD@ZBCEKSEBD@K@
DKEBMKD@N@GUN@ZFMZGONHIB@CNZFBCNO@K@FCEKMCNZFBCNOa@
aa@@CZKCEF^NM@K@VBUKCENM@N@LFVGDIB@ZGOEGMNO@CND@LF^KMDND@
ULFND@K@NUTOFNM@N@MKZKTHIB@T\OFZN@K@B@MKZBC_KZFUKCEB@LND@
TMBLGHzKD@NMEDEFZND@K@ZGOEGMNFD@CIB@FCDKMFLND@CN@FCLDEMFN@ZGOEGMNOa@
nnuxrjvnjnriu~sisktj}xnsnoj~rpqj}xnwsnuxvtjrmn
LK@FCEKMCKE@TNMN@N@LFVGDIB@CNZFBCNO@K@FCEKMCNZFBCNO@LND@NMEKD@K@
UNCFVKDENHzKD@ZGOEGMNFD@\MNDFOKFMND]@FCZOGDF^K@ZBU@N@LFDTBCF\FOFhNHIB@
LK@LNLBD@TNMN@ZBUTNMEFO_NUKCEB@OF^MK@LK@FCVBMUNHzKD@KU@MKLKD@
DBZFNFD@^FMEGNFDa@
aaR@@?TBFNM@FCFZFNEF^ND@LK@DFDEKUNEFhNHIB@LK@NWKCLN@LK@
NEF^FLNLKD@NMEDEFZND@K@ZGOEGMNFD@KU@EBLND@ND@MKWFzKD@\MNDFOKFMND@LK@
VBMUN@N@BEFUFhNM@BTBMEGCFLNLKD@K@K^FENM@N@TMBOFVKMNHIB@LK@K^KCEBD@
ZBFCZFLKCEKD@K@MKLGCLNCEKDa@
aaQ@@DEFUGONM@N@ZMFNHIB@LK@TMBWMNUND@CNZFBCNFD]@KDENLGNFD@
K@UGCFZFTNFD@LK@LFDEMF\GFHIB@LK@ZBCEKLB@NGLFB^FDGNO@TNMN@BD@
UKFBD@LK@ZBUGCFZNHIB@K@ZFMZGFEBD@ZBUKMZFNFD@K@NOEKMCNEF^BD@LK@
KSF\FHIB]@ZFCKZOG\KD@KU@KDZBOND]@ZKCEMBD@ZGOEGMNFD]@\F\OFBEKZND@
T\OFZND@K@UGDKGD]@ZMFNCLB@ENU\U@GUN@MKLK@LK@^FLKBOBZNLBMND@
gGK@N\DBM^NU@N@TMBLGHIB@NGLFB^FDGNO@\MNDFOKFMNa@
aaP2@@?TBFNM@K@VBUKCENM@BD@ZFMZGFEBD@ZGOEGMNFD@GCF^KMDFEeMFBD@
K@BVKMKZKM@ZBCLFHzKD@TNMN@gGK@BD@ZNUTF@K@VNZGOLNLKD@TMBUB^NU@
jnxvij}xnwsnu~rqx|njnvsqsu}xnoj~rpqjwjnsnjnjsvtovjnwsn
KDTNHBD@TNMN@N@TMBLGHIB@FCLKTKCLKCEK@K@FCB^NLBMN]@N\MFCLB@KDTNHB@
TNMN@TMBLGHIB@FCLKTKCLKCEK@K@ZFMZGFEBD@FCB^NLBMKDa@
aaPP@@CEKWMNM@ND@TBOEFZND@CNZFBCNFD]@KDENLGNFD@K@UGCFZFTNFD@
LKLFZNLND@N@KOK^NM@N@FCDKMHIB@LK@ZBCEKLBD@MKWFBCNFD]@TBTGONMKD@
K@FCLKTKCLKCEKD@CND@MKLKD@LK@EKOK^FDIB]@MeLFB]@FCEKMCKE]@ZFCKUN@K@
BGEMND@ULFNDa@
a@@?UTOFNM@B@NZKDDB@LBD@NWKCEKD@LN@ZGOEGMN@NBD@UKFBD@
wsnqxiokrqj}x|nwrysvmrpqjkwxnjnuvxvjij}xnwxmnysqo~xm|n
TBEKCZFNOFhNCLB@B@GDB@LBD@ZNCNFD@NOEKMCNEF^BD@K@KDEFUGONCLB@ND@
MKLKD@T\OFZNDa@
aaP@@?TBFNM@BD@TMBLGEBMKD@OBZNFD@LB@DKWUKCEB@NGLFB^FDGNO@K@
N@MNLFBLFVGDIB@ZBUGCFEeMFN@CB@TMBZKDDB@LK@UFWMNHIB@LN@EKZCBOBWFN@
NCNOcWFZN@TNMN@N@LFWFENO]@ZMFNCLB@FCZOGDF^K@OFC_ND@LK@ZMLFEB@TNMN@
jtoj~rj}xnuvxpmmrxkj~nsnqxiuvjnwsnsorujisktxmn
1?

aa@@DEFUGONM@N@ZMFNHIB@LK@TMBWMNUND@K@ZBCEKLBD@TNMN@
MeLFB]@EKOK^FDIB@K@FCEKMCKE@gGK@^FDKU@N@VBMUNHIB@LB@T\OFZB@K@N@
VNUFOFNMFhNHIB@ZBU@N@NMEK@K@ND@MKVKMCZFND@ZGOEGMNFD]@TMFCZFTNOUKCEK@
ND@\MNDFOKFMND@K@ND@LKUNFD@TMKDKCEKD@CB@EKMMFEcMFB@CNZFBCNOa@
aa@@? TBFNM@ND@TBOEFZND@T\OFZND@LK@GCF^KMDNOFhNHIB@LB@NZKDDB@
vjtortxnwsnj~tjnys~xqrwjwsnnrktsvkstnsintxwxmnxmn okrqurxm|n
GCENUKCEK@ZBU@TBOEFZND@LK@KDEUGOB@K@ZMLFEB@TNMN@NgGFDFHIB@LK@
KgGFTNUKCEBD@TKDDBNFDa@
aa@@JBUKCENM@TMB^KLBMKD@LK@NZKDDB@T\OFZB@gGK@NMUNhKCKU@
LNLBD@LK@EKSEB]@DBU]@^LKB@K@FUNWKU]@TNMN@TMKDKM^NM@K@LF^GOWNM@N@
UKUcMFN@LN@ZGOEGMN@LFWFENO@\MNDFOKFMNa@
aa@@DEFUGONM@B@ZBUTNMEFO_NUKCEB@TKOND@MKLKD@LFWFENFD@
LK@ZBCEKLBD@gGK@TBDDNU@DKM@GEFOFhNLBD@OF^MKUKCEK@TBM@KDZBOND]@
\F\OFBEKZND@LK@NZKDDB@T\OFZB]@MeLFBD@K@EKOK^FDzKD@T\OFZND@K@
ZBUGCFEeMFND]@LK@U BLB@NMEFZGONLB@ZBU@B@TMBZKDDB@LK@FUTOKUKCENHIB@
LN@EKOK^FDIB@LFWFENOa@
aa@@DEFUGONM@K@NTBFNM@MK^FDEND@ZGOEGMNFD]@TKMFcLFZBD@K@
uo~rqjsmnrkwsuskwsktsm|nyx~tjwjmnnqvtrqjnsnnvs@s}xnsin
EBMCB@LN@NMEK@K@LN@ZGOEGMN]@TMBUB^KCLB@ZFMZGFEBD@NOEKMCNEF^BD@LK@
LFDEMF\GFHIB]@NTMB^KFENCLB@BD@KgGFTNUKCEBD@ZGOEGMNFD@ZBUB@TBCEBD@
LK@NZKDDB]@KDEFUGONCLB@N@WMNEGFLNLK@BG@B@TMKHB@NZKDD^KO@LKDDKD@
TMBLGEBDa@
aa@@AMFNM@KCZFZOBTLFND@ZGOEGMNFD]@\NCZBD@LK@FCVBMUNHIB@K@
DFDEKUND@LK@ZBUTNMEFO_NUKCEB@LK@NMgGF^BD@ZGOEGMNFD@K@NMEDEFZBD@
TNMN@N@FCEKMCKE@ZBU@N@LFDTBCF\FOFhNHIB@LK@ZBCEKLBD@K@MKVKMCZFND@
\MNDFOKFMND]@ TKMUFEFCLB@ N@ LFDEMF\GFHIB@ LK@ FUNWKCD]@ eGLFBD]@
qxktswxmnsnrkxvijsmnoj~rpqjwxmn
693780/;//50/5212:08; 2:30/17132:328/
9 8;94/9/943;6;9<=0/59/6783749/:0//
5212:08; 2:30/106;0260: ;60/40 024/
91/60:5;<\21/:262114;91/949//9/60:108;59<=0/
59//
260:0 ;9/59/6783749/;:57 ;4/213493;91/52/
17132:394;8;5952/:01/40621101/6783749;1
?@ZGOEGMN@VNh@TNMEK@LN@LFCUFZN@LK@FCB^NHIB@DBZFNO]@KZBCYUFZN@
K@EKZCBOcWFZNa@
N@ZBUTOKSFLNLK@LB@ZNUTB@ZGOEGMNO@LKMF^NU@LFDEFCEBD@
UBLKOBD@LK@TMBLGHIB@K@ZFMZGONHIB@LK@\KCD]@DKM^FHBD@K@ZBCEKLBD]@
osnwsysinmsvnrwsktrpqjwxmnsnsmtrio~jwxm|nqxinyrmtjmnkjnsvj}xn
LK@MFgGKhN]@EMN\NO_B]@MKCLN@K@BTBMEGCFLNLKD@LK@KUTMKKCLFUKCEB]@
LKDKC^BO^FUKCEB@OBZNO@K@MKDTBCDN\FOFLNLK@DBZFNOa@
KDDN@TKMDTKZEF^N]@N@ZGOEGMN@@^KEBM@KDDKCZFNO@TNMN@N@ZBCDEMGHIB@
snoj~rpqj}xnwsnoinixws~xnwsnwsmskyx~yrisktxnmomtsktys~n
?!?@@?kl@
aP@@CZKCEF^NM@UBLKOBD@LK@LKDKC^BO^FUKCEB@DGDEKCEe^KO@gGK@
MKLGhNU@N@LKDFWGNOLNLK@MKWFBCNO@DKU@TMKGhB@LN@LF^KMDFLNLK]@
TBM@UKFB@LN@KSTOBMNHIB@ZBUKMZFNO@LK@\KCD]@DKM^FHBD@K@ZBCEKLBD@
ZGOEGMNFDa@
aPaP@@KNOFhNM@TMBWMNUND@LK@LKDKC^BO^FUKCEB@DGDEKCEe^KO@
gGK@MKDTKFEKU@ND@ZNMNZEKMDEFZND]@CKZKDDFLNLKD@K@FCEKMKDDKD@LND@
TBTGONHzKD@OBZNFD]@WNMNCEFCLB@N@TMKDKM^NHIB@LN@LF^KMDFLNLK@K@LB@
TNEMFUYCFB@ZGOEGMNO@K@CNEGMNO]@N@LFVGDIB@LN@UKUcMFN@DBZFBZGOEGMNO@K@
B@VBMENOKZFUKCEB@LN@KZBCBUFN@DBOFLeMFNa@

nnwsktrpqjvnsnvsqxklsqsvnqxktstxmnwsnyrwjnwsnuxyxmnsn
ZBUGCFLNLKD@EMNLFZFBCNFD]@^NOBMFhNCLB@N@LF^KMDFLNLK@LND@VBMUND@
LK@DB\MK^F^CZFN@K@DGDEKCEN\FOFLNLK@DBZFBNU\FKCENO]@KDTKZFNOUKCEK@
NgGKOND@EMNLGhFLND@TKOND@TNFDNWKCD@ZGOEGMNFD@\MNDFOKFMNDa@


aPa@@bVKMKZKM@NTBFB@EZCFZB@`D@FCFZFNEF^ND@LK@NDDBZFNEF^FDUB@
K@ZBBTKMNEF^FDUB@K@VBUKCENM@FCZG\NLBMND@LK@KUTMKKCLFUKCEBD@
ZGOEGMNFD@KU@TNMZKMFN@ZBU@TBLKMKD@T\OFZBD]@BMWNCFhNHzKD@DBZFNFD]@
FCDEFEGFHzKD@LK@KCDFCB]@NWCZFND@FCEKMCNZFBCNFD@K@FCFZFNEF^N@TMF^NLN]@
KCEMK@BGEMBDa@
aPa@@DEFUGONM@TKgGKCBD@K@ULFBD@KUTMKKCLKLBMKD@ZGOEGMNFD@
K@N@FUTONCENHIB@LK@?MMNCBD@{MBLGEF^BD@BZNFD@TNMN@N@TMBLGHIB@
ZGOEGMNOa@
aPa@@DEFUGONM@KDEGLBD@TNMN@N@NLBHIB@LK@UKZNCFDUBD@LK@
ZBUTKCDNHIB@NU\FKCENO@TNMN@ND@NEF^FLNLKD@ZGOEGMNFDa@
aPa@@JBUKCENM@N@ZNTNZFENHIB@K@B@NTBFB@EZCFZB@TNMN@N@
TMBLGHIB]@LFDEMF\GFHIB]@ZBUKMZFNOFhNHIB@K@GEFOFhNHIB@DGDEKCEe^KFD@
LK@UNEMFNDfTMFUND@K@TMBLGEBD@MKONZFBCNLBD@`D@NEF^FLNLKD@NMEDEFZND@
K@ZGOEGMNFDa@

nnwsktrpqjvnsnqjtj~xjvnijtvrjmuvrijmnosnmsvysinwsn
\NDK@TNMN@BD@TMBLGEBD@ZGOEGMNFD@K@ZMFNM@DKOB@LK@MKZBC_KZFUKCEB@
LBD@TMBLGEBD@ZGOEGMNFD@gGK@NDDBZFKU@^NOBMKD@DBZFNFD]@KZBCYUFZBD@
K@KZBOcWFZBDa@
aPaR@@DEFUGONM@B@MKNTMB^KFENUKCEB@K@MKZFZONWKU@LK@MKDLGBD@
LK@BMFWKU@CNEGMNO@K@FCLGDEMFNO]@LFCNUFhNCLB@K@TMBUB^KCLB@B@
KUTMKKCLKLBMFDUB@K@N@ZGOEGMN@LB@KZBLKDFWCa@
aPaQ@@CDKMFM@ND@NEF^FLNLKD@ZGOEGMNFD@FEFCKMNCEKD@CBD@TMBWMNUND@
T\OFZBD@LK@LKDKC^BO^FUKCEB@MKWFBCNO@DGDEKCEe^KOa@
aPaP2@@{MBUB^KM@B@EGMFDUB@ZGOEGMNO@DGDEKCEe^KO]@NOFNCLB@
KDEMNEWFND@LK@TMKDKM^NHIB@TNEMFUBCFNO@K@NU\FKCENO@ZBU@NHzKD@
LK@LFCNUFhNHIB@KZBCYUFZN@K@VBUKCEB@`D@ZNLKFND@TMBLGEF^ND@LN@
ZGOEGMNa@

nnvxixysvnjsmnwsnrkqvsisktxnsnoj~rpqj}xnqo~tovj~n
LBD@TMBLGEBD@EGMDEFZBD]@^NOBMFhNCLB@N@LF^KMDFLNLK]@B@ZBUMZFB@
GDEB@K@B@LKDKC^BO^FUKCEB@DBZFBKZBCYUFZB@DGDEKCEe^KOa@
a@@ABCEMF\GFM@ZBU@ND@NHzKD@LK@VBMUNOFhNHIB@LB@UKMZNLB@LK@
EMN\NO_B]@LK@UBLB@N@^NOBMFhNM@B@EMN\NO_NLBM@K@VBMENOKZKM@B@ZFZOB@
KZBCYUFZB@LBD@DKEBMKD@ZGOEGMNFDa@
aaP@@KNOFhNM]@KU@TNMZKMFN@ZBU@BD@cMWIBD@K@TBLKMKD@
ZBUTKEKCEKD]@TMBTBDEND@LK@NLKgGNHIB@LN@OKWFDONHIB@EMN\NO_FDEN]@
^FDNCLB@`@MKLGHIB@LN@FCVBMUNOFLNLK@LB@EMN\NO_B@NMEDEFZB]@LBD@
EZCFZBD]@TMBLGEBMKD@K@LKUNFD@NWKCEKD@ZGOEGMNFD]@KDEFUGONCLB@
xnvsqxklsqrisktxnwjmnuvxpmmsmnsnxnvsrmtvxnxvij~nwsmmsmn
EMN\NO_NLBMKD@K@NUTOFNCLB@B@NZKDDB@NBD@\KCKVZFBD@DBZFNFD@K@
TMK^FLKCZFeMFBDa@
aa@@FVGCLFM]@KCEMK@BD@KUTMKWNLBMKD@K@ZBCEMNENCEKD@LBD@
DKEBMKD@T\OFZB@K@TMF^NLB]@FCVBMUNHzKD@DB\MK@BD@LFMKFEBD@K@
B\MFWNHzKD@OKWNFD@KSFDEKCEKD@CND@MKONHzKD@VBMUNFD@LK@EMN\NO_B@CN@
ZGOEGMNa@
aa@@DEFUGONM@N@BMWNCFhNHIB@VBMUNO@LBD@DKEBMKD@ZGOEGMNFD@
KU@ DFCLFZNEBD]@ NDDBZFNHzKD]@ VKLKMNHzKD@ K@ BGEMND@ KCEFLNLKD@
MKTMKDKCENEF^ND]@NTBFNCLB@N@KDEMGEGMNHIB@LK@TONCBD@LK@TMK^FLCZFN@
K@LK@DKWGMB@TNEMFUBCFNO@TNMN@BD@NWKCEKD@KC^BO^FLBD@KU@NEF^FLNLKD@
NMEDEFZND@K@ZGOEGMNFDa@
aa@@DEFUGONM@N@NLKDIB@LK@NMEFDEND]@NGEBMKD]@EZCFZBD]@
TMBLGEBMKD@K@LKUNFD@EMN\NO_NLBMKD@LN@ZGOEGMN@N@TMBWMNUND@
gGK@BVKMKHNU@TONCBD@LK@TMK^FLCZFN@T\OFZN@K@ZBUTOKUKCENM@
smusqpqxmnujvjnsmmsnmsisktxn
a@@?UTOFNM@B@NOZNCZK@LND@FCLDEMFND@K@NEF^FLNLKD@ZGOEGMNFD]@
uxvnisrxnwjnsujkm}xnsnwrysvmrpqj}xnwsnmojnqjujqrwjwsnuvxwotryjn
K@NUTON@BZGTNHIB]@KDEFUGONCLB@N@WKMNHIB@LK@EMN\NO_B]@KUTMKWB]@
MKCLN@K@B@VBMENOKZFUKCEB@LN@KZBCBUFNa@

nn jusjv|nxvtj~sqsvnsnjvtrqo~jvnjmnqjwsrjmnuvxwotryjmnosn
VBMUNU@N@KZBCBUFN@LN@ZGOEGMNa@
1V

aa@@KNOFhNM@hBCKNUKCEB@ZGOEGMNOfKZBCYUFZB@ZBU@B@
xstryxnwsnrwsktrpqjvnjmnyxqjsmnqo~tovjrmn~xqjrmn
aa@@KDKC^BO^KM@TMBWMNUND@LK@KDEUGOB@`@TMBUBHIB@LK@
CKWcZFBD@CBD@LF^KMDBD@DKEBMKD@ZGOEGMNFDa@
aa@@{MBUB^KM@TMBWMNUND@LK@KSTBMENHIB@LK@\KCD]@DKM^FHBD@K@
ZBCEKLBD@ZGOEGMNFD@LK@VBMUN@N@NGUKCENM@N@TNMEFZFTNHIB@ZGOEGMNO@CN@
\NONCHN@ZBUKMZFNO@\MNDFOKFMNa@
aa@@CDEFEGFM@DKOBD@K@BGEMBD@LFDTBDFEF^BD@gGK@VNZFOFEKU@N@
ZFMZGONHIB@LK@TMBLGEBD@K@DKM^FHBD@MKONEF^BD@`@ZGOEGMN@CN@?UMFZN@
$jtrkj|n svqxmo~nsnxiokrwjwsmnwxmnjmsmnwsn$kojnxvtoosmjn
aa@@DEFUGONM@B@GDB@LN@LF^KMDFLNLK@ZBUB@VNEBM@LK@
LFVKMKCZFNHIB@K@FCZMKUKCEB@LB@^NOBM@NWMKWNLB@LBD@\KCD]@TMBLGEBD@K@
DKM^FHBD@ZGOEGMNFD]@TMBUB^KCLB@K@VNZFOFENCLB@N@DGN@ZFMZGONHIB@CBD@
UKMZNLBD@CNZFBCNO@K@FCEKMCNZFBCNOa@
aa@@CZKCEF^NM@N@NDDBZFNHIB@KCEMK@TMBLGEBMND@LK@\KCD@
qo~tovjrmnyrmjkwxnnqxkmtrtor}xnwsnqjvtsrvjmnwrysvmrpqjwjmnwsn
TMBLGEBD]@`@UBLKMCFhNHIB@LK@KUTMKDND@K@`@FCDKMHIB@CB@UKMZNLB@
FCEKMCNZFBCNOa@
aaR@@JBUKCENM@N@NDDBZFNHIB@KCEMK@TMBLGEBMKD@FCLKTKCLKCEKD@
K@KUFDDBMND@K@N@FUTONCENHIB@LK@TBOBD@MKWFBCNFD@LK@TMBLGHIB@K@LK@
wrom}xnwsnwxqoisktvrxmnsnwsnxvjmnwsnpq}xnujvjnvwrx|nts~syrm}x|n
ZFCKUN]@FCEKMCKE@K@BGEMND@ULFNDa@
nnyjkjvnkjnoj~rpqj}xnwxntvjj~ljwxvnwjnqo~tovj|n
NDDKWGMNCLB@ZBCLFHzKD@LK@EMN\NO_B]@KUTMKWB@K@MKCLN]@TMBUB^KCLB@
jn uvxpmmrxkj~rj}xn wxn mstxv|n wjkwxn jtsk}xn jn vsjmn wsn
^GOCKMN\FOFLNLK@DBZFNO@K@LK@TMKZNMFhNHIB@GM\NCN@K@N@DKWUKCEBD@
TBTGONZFBCNFD@UNMWFCNOFhNLBDa@
aaP@@KDKC^BO^KM@K@WKMFM@TMBWMNUND@FCEKWMNLBD@LK@VBMUNHIB@
K@ZNTNZFENHIB@TNMN@NMEFDEND]@NGEBMKD]@EZCFZBD]@WKDEBMKD]@TMBLGEBMKD@
snwsijrmnjsktsmnqo~tovjrm|nsmtrio~jkwxnjnuvxpmmrxkj~rj}x|n
B@KUTMKKCLKLBMFDUB]@B@GDB@LND@EKZCBOBWFND@LK@FCVBMUNHIB@K@
ZBUGCFZNHIB@K@B@VBMENOKZFUKCEB@LN@KZBCBUFN@LN@ZGOEGMNa@
aa@@DEN\KOKZKM@TNMZKMFND@ZBU@\NCZBD@KDENENFD@K@BGEMBD@
jsktsmnpkjkqsrvxm|nqxixnqxxusvjtryjm|nokwxmnsnxvjkrjsmnk}xn
WB^KMCNUKCENFD]@TNMN@B@LKDKC^BO^FUKCEB@LK@OFC_ND@LK@UFZMBZMLFEB@
snxotvjmnxvijmnwsnpkjkqrjisktxnwsmtrkjwjmnnuvxix}xnwsnqovmxmn
OF^MKD]@EZCFZBD@K@DGTKMFBMKD@LK@VBMUNHIB]@TKDgGFDN@K@NEGNOFhNHIB@
uvxpmmrxkj~n
aa@@DEN\KOKZKM@TNMZKMFND@ZBU@FCDEFEGFHzKD@LK@KCDFCB@
EZCFZB@K@DGTKMFBM]@\KU@ZBUB@TNMZKMFND@ZBU@NDDBZFNHzKD@K@cMWIBD@
MKTMKDKCENEF^BD@DKEBMFNFD]@TNMN@N@ZMFNHIB@K@B@NTMFUBMNUKCEB@ZBCECGB@
LK@ZGMDBD@^BOENLBD@`@VBMUNHIB@K@ZNTNZFENHIB@LK@EMN\NO_NLBMKD@LN@
ZGOEGMN]@WKDEBMKD@EZCFZBD@LK@FCDEFEGFHzKD@K@KgGFTNUKCEBD@ZGOEGMNFDa@
aa@@KNOFhNM@CND@LF^KMDND@MKWFzKD@LB@{ND@DKOKHzKD@T\OFZND@
ujvjnsmusqrj~rj}xnsnuvxpmmrxkj~rj}xnwjmnusmmxjmnsiuvsjwjmn
CB@ZNUTB@NMEDEFZB@K@ZGOEGMNO]@NEKCLKCLB@KDTKZFNOUKCEK@BD@CZOKBD@
TBTGONZFBCNFD@UNMWFCNOFhNLBD@K@BMWNCFhNHzKD@DBZFNFDa@
aa@@{MBUB^KM@N@FCVBMUNHIB@K@ZNTNZFENHIB@LK@WKDEBMKD@
K@EMN\NO_NLBMKD@LN@ZGOEGMN@DB\MK@FCDEMGUKCEBD@LK@TMBTMFKLNLK@
FCEKOKZEGNO@LB@DKEBM@ZGOEGMNO]@N@KSKUTOB@LK@UNMZND@ZBOKEF^ND@K@
wsnqsvtrpqj}x|nrkwrqjsmnsxvpqjm|nuvxuvrswjwsnqx~stryj|n
TNEKCEKD]@LBUCFB@T\OFZB@K@LFMKFEB@NGEBMNOa@
aa@@CDEFEGFM@TMBWMNUND@K@TNMZKMFND@TNMN@NEKCLKM@CKZKDDFLNLKD@
EZCFZND@K@KZBCYUFZND@LBD@TB^BD@FCLWKCND]@gGFOBU\BOND@K@
BGEMBD@TB^BD@K@ZBUGCFLNLKD@EMNLFZFBCNFD@TNMN@N@ZBUTMKKCDIB@
K@BMWNCFhNHIB@LK@DGND@MKONHzKD@ZBU@N@KZBCBUFN@ZBCEKUTBMCKN@
~xj~|nsmtrio~jkwxnjnvs@s}xnsnjnwsqrm}xnjotkxijnmxvsnjmn
BTHzKD@LK@UNCKB@K@KSTOBMNHIB@DGDEKCEe^KO@LB@DKG@TNEMFUYCFB]@
TMBLGEBD@K@NEF^FLNLKD@ZGOEGMNFDa@


aa@@CDEFEGFM@TMBWMNUND@TNMN@N@VBMUNHIB@LK@NWKCEKD@ZGOEGMNFD@
NTEBD@NB@NEKCLFUKCEB@LK@ZMFNCHND]@B^KCD]@FLBDBD]@TKDDBND@ZBU@
wspqr3kqrjnsnusmmxjmnsinmxvrisktxnumorqxn
aaR@@{MBUB^KM@NEF^FLNLKD@LK@ZNTNZFENHIB@NBD@NWKCEKD@K@
xvjkrjsmnqo~tovjrmnuvxuxksktsmnjxnpkjkqrjisktxnsmtjtj~nujvjn
N@KON\BMNHIB]@TMBTBDFHIB@K@KSKZGHIB@LK@TMBKEBD@ZGOEGMNFD]@\KU@
qxixnqjujqrtj}xnsnmouxvtsnovwrqxnsnqxktr~|njnpinwsnjqr~rtjvnjn
KON\BMNHIB@LK@TMKDENHIB@LK@ZBCEND@K@MKONEcMFBD@LK@NEF^FLNLKDa@
aaQ@@JBUKCENM@TMBWMNUND@LK@NTKMVKFHBNUKCEB@EZCFZB@LK@
NWKCEKD@OBZNFD@TNMN@N@VBMUGONHIB@K@FUTOKUKCENHIB@LK@TONCBD@LK@
TMKDKM^NHIB@K@LFVGDIB@LB@TNEMFUYCFB@ZGOEGMNO]@GEFOFhNCLB@KDDKD@\KCD@
LK@VBMUN@N@WKMNHIB@DGDEKCEe^KO@LK@KZBCBUFND@OBZNFDa@
aaP2@@DEFUGONM]@ZBU@DGTBMEK@EZCFZBfUKEBLBOcWFZB]@N@BVKMEN@
wsnxpqrkjmnwsnsmusqrj~rj}xnjvtmtrqjmnsnqo~tovjrm|notr~rjkwxn
FCZOGDF^K@N@^KFZGONHIB@LK@TMBWMNUND@LK@VBMUNHIB@CBD@DFDEKUND@LK@
MeLFB@K@EKOK^FDIB@T\OFZBDa@
aaPP@@ANTNZFENM@KLGZNLBMKD]@\F\OFBEKZeMFBD@K@NWKCEKD@LB@
DKEBM@T\OFZB@K@LN@DBZFKLNLK@ZF^FO@TNMN@N@NEGNHIB@ZBUB@NWKCEKD@LK@
LFVGDIB@LN@OKFEGMN]@ZBCENLBMKD@LK@_FDEcMFND@K@UKLFNLBMKD@LK@OKFEGMN@
KU@KDZBOND]@\F\OFBEKZND@K@UGDKGD]@KCEMK@BGEMBD@KgGFTNUKCEBD@
ZGOEGMNFD@K@KDTNHBD@ZBUGCFEeMFBDa@
aaP@@JBUKCENM@NEF^FLNLKD@LK@FCEKMZU\FB@FCEKMfMKWFBCNO]@
rktsvkjqrxkj~nsnvsmrw3kqrjmnjvtmtrqjmnwsnsmtowjktsmnsnuvxpmmrxkjrmn
LN@ZGOEGMN@KU@FCDEFEGFHzKD@CNZFBCNFD@K@KDEMNCWKFMND@LB@ZNUTB@LN@
ZGOEGMNa@
aaP@@DEFUGONM@K@TMBUB^KM@B@LKDKC^BO^FUKCEB@EZCFZB@K@
uvxpmmrxkj~nwsnjvortstxm|nwsmrksvm|nsmtxvsmnsnuvxvjijwxvsmnwsn
KgGFTNUKCEBD@ZGOEGMNFD]@TNMN@DGN@ZBCDENCEK@NEGNOFhNHIB]@LK@UBLB@N@
WKMNM@UNFBM@NEMNEF^FLNLK@TNMN@KDDKD@KDTNHBDa@

nnmtrio~jvnsnxvijvnjsktsmnujvjnjnpkj~rj}xnwsn
TMBLGEBD@ZGOEGMNFD]@LKDFWC@LK@KU\NONWKCD@K@LK@NTMKDKCENHIB@LBD@
\KCD]@ZBCEKLBD@K@DKM^FHBD@ZGOEGMNFD]@NUTOFNCLB@DGN@ZNTNZFLNLK@
wsnqrvqo~j}xnsnoj~rpqjkwxnjmnrkxvijsmnujvjnxnqxkmoixn
NUTOFNLBa@
a@@{MBUB^KM@N@NTMBTMFNHIB@DBZFNO@LND@EKZCBOBWFND@LN@
FCVBMUNHIB@K@LN@ZBUGCFZNHIB@TNMN@NUTOFNM@B@NZKDDB@`@ZGOEGMN@
LFWFENO@K@DGND@TBDDF\FOFLNLKD@LK@TMBLGHIB]@LFVGDIB@K@VMGFHIBa@
aaP@@KNOFhNM@TMBWMNUN@LK@TMBDTKZHIB@K@LFDDKUFCNHIB@LK@
UBLKOBD@LK@CKWcZFBD@TNMN@B@ZKCeMFB@LK@ZBC^KMWCZFN@LFWFENO]@ZBU@
LKDENgGK@TNMN@BD@DKWUKCEBD@LN@UDFZN]@OF^MB]@BWBD@KOKEMYCFZBD]@
smtjmns~stvkrqjm|nswsmrk|njkrij}x|njowrxyrmoj~|nxtxvjpj|n
^FLKBNMEK@K@NMEK@LFWFENOa@
aa@@UTOKUKCENM@FCFZFNEF^ND@LK@ZNTNZFENHIB@K@VBUKCEB@NB@
GDB@LK@UKFBD@LFWFENFD@LK@MKWFDEMB]@TMBLGHIB]@TcDfTMBLGHIB]@LKDFWC@K@
LFVGDIB@ZGOEGMNOa@
aa@@?TBFNM@TBOEFZND@LK@FCZOGDIB@LFWFENO@K@LK@ZMFNHIB]@
wsmskyx~yrisktx|nqjujqrtj}xnsnotr~rj}xnwsnmxtjvsmn~ryvsmn
TKOBD@NWKCEKD@K@FCDEFEGFHzKD@OFWNLBD@`@ZGOEGMNa@
nnwsktrpqjvnsnxisktjvnjmnqjwsrjmnwsnxvij}xnsn
uvxwo}xnwjmnjvtsmnwrrtjrm|nujvjnwsmskyx~ysvnuvxpmmsmnsn
FCFZFNEF^ND@ZBUTMKKCLFLND@CKDDK@ZNUTB]@\KU@ZBUB@ND@CB^ND@
MKONHzKD@KSFDEKCEKD@KCEMK@CZOKBD@NZNLUFZBD]@FCLDEMFND@ZMFNEF^ND@
K@FCDEFEGFHzKD@ZGOEGMNFDa@
nnkqsktryjvnsnjuxrjvnjnrkxyj}xnsnusmormjnqrsktpqjnsn
EKZCBOcWFZN@CB@ZNUTB@NMEDEFZB@K@ZGOEGMNO]@TMBUB^KCLB@TNMZKMFND@
KCEMK@FCDEFEGFHzKD@LK@KCDFCB@DGTKMFBM]@FCDEFEGEBD]@BMWNCFDUBD@
ZGOEGMNFD@K@KUTMKDND@TNMN@B@LKDKC^BO^FUKCEB@K@B@NTMFUBMNUKCEB@
LK@UNEKMFNFD]@EZCFZND@K@TMBZKDDBDa@
1W

aaP@@CEKWMNM@BD@cMWIBD@LK@ZGOEGMN@NBD@TMBZKDDBD@LK@FCZKCEF^B@
`@FCB^NHIB@EKZCBOcWFZN]@TMBUB^KCLB@B@LKDKC^BO^FUKCEB@LK@
EZCFZND@NDDBZFNLND@`@TMBLGHIB@ZGOEGMNOa@
aa@@JBUKCENM@TNMZKMFND@TNMN@B@LKDKC^BO^FUKCEB]@N\DBMHIB@K@
NTMBTMFNHIB@LK@UNEKMFNFD@K@EKZCBOBWFND@LK@FCB^NHIB@ZGOEGMNOa@
aa@@CZKCEF^NM@ND@FCB^NHzKD@EKZCBOcWFZND@LN@eMKN@ZGOEGMNO@
gGK@ZBUTMKKCLNU@K@LFNOBWGKU@ZBU@BD@ZBCEKSEBD@K@TMB\OKUND@
DBZFBKZBCYUFZBD@OBZNFDa@
a@@?TMBVGCLNM@N@FCEKMfMKONHIB@KCEMK@ZGOEGMN@K@EGMFDUB@WKMNCLB@
\KCKVZFBD@K@DGDEKCEN\FOFLNLK@TNMN@NU\BD@BD@DKEBMKDa@
aaP@@CDEFEGFM@TMBWMNUND@FCEKWMNLBD@LK@UNTKNUKCEB@LB@
TBEKCZFNO@EGMDEFZB@ZGOEGMNO]@\KU@ZBUB@LK@TMBUBHIB]@LF^GOWNHIB@
K@UNMKEFCW@LK@TMBLGEBD]@ZBCEKSEBD@GM\NCBD]@LKDEFCBD@K@MBEKFMBD@
EGMDEFZBD@ZGOEGMNFDa@
aa@@C^BO^KM@BD@cMWIBD]@WKDEBMKD@K@KUTMKDeMFBD@LK@EGMFDUB@
CB@TONCKNUKCEB@K@ZBUGCFZNHIB@ZBU@KgGFTNUKCEBD@ZGOEGMNFD]@
uvxixyskwxnsmujxmnwsnwrom}xnwsnjtryrwjwsmnqo~tovjrmnujvjnpkmn
EGMDEFZBDa@
nnoj~rpqjvnxmnjirsktsmntovmtrqxmnqxinixr~rvrxnovjkxn
K@LKDFWC@LK@KDTNHBD@T\OFZBD@gGK@TMBKEKU@BD@KOKUKCEBD@DFU\cOFZBD@
OBZNFD@LK@VBMUN@ZBUTKEFEF^N@ZBU@BD@TNLMzKD@FCEKMCNZFBCNFD]@LNCLB@
LKDENgGK@NBD@TBEKCZFNFD@ZMFNEF^BD@LBD@ZBCEKSEBD@^FDFENLBDa@
aa@@JBUKCENM@K@VBMENOKZKM@ND@UBLNOFLNLKD@LK@CKWcZFBD@
TMNEFZNLND@TKOND@ZBUGCFLNLKD@OBZNFD@K@TKOBD@MKDFLKCEKD@KU@eMKND@
LK@EGMFDUB]@VBMENOKZKCLB@BD@KUTMKKCLKLBMKD@EMNLFZFBCNFD@KU@DGN@
FCDKMHIB@CND@LFCUFZND@ZBUKMZFNFD@KDEN\KOKZFLND@TKOB@EGMFDUBa@
aa@@KNOFhNM@ZNUTNC_ND@K@LKDKC^BO^KM@TMBWMNUND@ZBU@
VBZB@CN@VBMUNHIB]@FCVBMUNHIB@K@KLGZNHIB@LB@EGMFDEN@TNMN@LFVGCLFM@
NLKgGNLNUKCEK@N@FUTBMECZFN@LB@TNEMFUYCFB@ZGOEGMNO@KSFDEKCEK]@
KDEFUGONCLB@N@ZBUGCFZNHIB@LBD@^NOBMKD]@B@MKDTKFEB@K@B@hKOB@TKOBD@
OBZNFD@^FDFENLBDa@
aa@@JBUKCENM@TMBWMNUND@FCEKWMNLBD@LK@VBMUNHIB@K@
ZNTNZFENHIB@ DB\MK@ NMEK]@ NMgGFEKEGMN]@ TNEMFUYCFB@ _FDEcMFZB]@
TNEMFUYCFB@FUNEKMFNO]@NCEMBTBOBWFN@K@LF^KMDFLNLK@ZGOEGMNO@TNMN@BD@
uvxpmmrxkjrmnosnjtojinkxntovrmixn
aa@@CDKMFM@BD@TMBLGEBMKD@ZGOEGMNFD]@BD@ZMFNLBMKD@K@NMEFDEND@CND@
smtvjtrjmnwsnoj~rpqj}xnsnuvxix}xnwxntovrmix|njmmsovjkwxnjn
^NOBMFhNHIB@ZGOEGMNO@LBD@OBZNFD@K@NU\FKCEKD@EGMDEFZBDa@
aaR@@KDKC^BO^KM@UKEBLBOBWFND@LK@UKCDGMNHIB@LBD@FUTNZEBD@
wxntovrmixnkjnqo~tovj|nkxnqxktstxnwxmn okrqurxmnvjmr~srvxmnsnwjmn
ZNTFENFDa@
693780///59/943;6;9<=0/106;98/213; 7894/9/
049:; 9<=0/52/;:13:6;91/60:1783;91//
60:1347;4/ 269:;1 01/52/943;6;9<=0/59/
106;25952/6;;8/9 8;94/0/5;800/60 /01/
92:321/6783749;1/2/64;950421
b@LKDKC_B@K@N@FUTOKUKCENHIB@LK@TBOEFZND@T\OFZND@LK@ZGOEGMN@
TMKDDGTzKU@N@ZBCDENCEK@MKONHIB@KCEMK@DENLB@K@DBZFKLNLK@LK@
VBMUN@N\MNCWKCEK]@OK^NCLB@KU@ZBCEN@N@ZBUTOKSFLNLK@LB@ZNUTB@
DBZFNO@K@DGND@^FCZGONHzKD@ZBU@N@ZGOEGMNa@?OU@LK@NTMKDKCENM@NBD@
TBLKMKD@T\OFZBD@DGND@CKZKDDFLNLKD@K@LKUNCLND]@BD@ZFLNLIBD]@
ZMFNLBMKD]@TMBLGEBMKD@K@KUTMKKCLKLBMKD@ZGOEGMNFD@LK^KU@NDDGUFM@
ZBMMKDTBCDN\FOFLNLKD@CN@FUTOKUKCENHIB@K@CN@N^NOFNHIB@LND@
LFMKEMFhKD@K@UKEND]@TNMEFZFTNCLB@LK@TMBWMNUND]@TMBKEBD@K@NHzKD@gGK@
^FDKU@NB@ZGUTMFUKCEB@LB@{Aa@
KEBUNfDK]@NDDFU]@N@FLKFN@LN@ZGOEGMN@ZBUB@GU@LFMKFEB@LBD@
ZFLNLIBD@K@GU@TMBZKDDB@DBZFNO@LK@ZBCgGFDEN@LK@NGEBCBUFN]@NB@


UKDUB@EKUTB@KU@gGK@DK@NUTOFNU@ND@TBDDF\FOFLNLKD@LK@TNMEFZFTNHIB@
LBD@DKEBMKD@ZGOEGMNFD@CN@WKDEIB@LND@TBOEFZND@ZGOEGMNFDa@KDDN@
TKMDTKZEF^N]@LFVKMKCEKD@UBLNOFLNLKD@LK@ZBCDGOEN]@TNMEFZFTNHIB@
K@LFeOBWB@DIB@CKZKDDeMFND@K@VGCLNUKCENFD@TNMN@N@ZBCDEMGHIB@K@
NTKMVKFHBNUKCEB@LND@TBOEFZND@T\OFZNDa@
sjpvijms|n qxin rmmx|n jn riuxvt=kqrjn wsn mrmtsijmn wsn
ZBUTNMEFO_NUKCEB@DBZFNO@LK@MKDTBCDN\FOFLNLKD]@LK@EMNCDTNMCZFN@
CND@ LKOF\KMNHzKD@ K@ LK@ NTMFUBMNUKCEB@ LND@ MKTMKDKCENHzKD@
DBZFNFD@\GDZNCLB@B@KC^BO^FUKCEB@LFMKEB@LN@DBZFKLNLK@ZF^FO@K@LB@
UKFB@NMEDEFZB@K@ZGOEGMNOa@DEK@TMBZKDDB@^NF@DK@ZBUTOKENCLB@CN@
KDEMGEGMNHIB@LK@MKLKD]@CN@BMWNCFhNHIB@DBZFNO@LBD@NWKCEKD@ZGOEGMNFD]@
CN@NUTOFNHIB@LK@UKZNCFDUBD@LK@NZKDDB]@CB@NZBUTNC_NUKCEB@
T\OFZB@LBD@TMBZKDDBD@LK@MKNOFhNHIB@LND@TBOEFZND@ZGOEGMNFDa@
DEN@VBMUN@ZBON\BMNEF^N@LK@WKDEIB@K@N^NOFNHIB@ENU\U@LK^K@DKM@
DG\DFLFNLN@TKON@TG\OFZNHIB@LK@FCLFZNLBMKD@K@FCVBMUNHzKD@LB@
FDEKUN@NZFBCNO@LK@CVBMUNHzKD@K@CLFZNLBMKD@AGOEGMNFD@f@Aa@
?!?@@?kl@
aP@@?TMFUBMNM@UKZNCFDUBD@LK@TNMEFZFTNHIB@DBZFNO@CB@TMBZKDDB@
LK@KON\BMNHIB]@FUTOKUKCENHIB]@NZBUTNC_NUKCEB@K@N^NOFNHIB@LND@
TBOEFZND@T\OFZND@LK@ZGOEGMNa@
aPaP@@?TKMVKFHBNM@BD@UKZNCFDUBD@LK@WKDEIB@TNMEFZFTNEF^N@
K@LKUBZMeEFZN]@WB^KMCB@KOKEMYCFZB@K@N@EMNCDTNMCZFN@T\OFZN]@N@
ZBCDEMGHIB@MKWFBCNOFhNLN@LND@TBOEFZND@T\OFZND]@FCEKWMNCLB@EBLB@
B@EKMMFEcMFB@CNZFBCNO@ZBU@B@B\KEF^B@LK@MKVBMHNM@DKG@NOZNCZK@K@
spqqrjn
aPa@@?MEFZGONM@BD@DFDEKUND@LK@ZBUGCFZNHIB]@TMFCZFTNOUKCEK]@
FCEKMCKE]@MeLFB@K@EKOK^FDIB]@NUTOFNCLB@B@KDTNHB@LBD@^KZGOBD@T\OFZBD@
K@ZBUGCFEeMFBD]@ZBU@BD@TMBZKDDBD@K@ND@FCDECZFND@LK@ZBCDGOEN]@
TNMEFZFTNHIB@K@LFeOBWB@TNMN@N@VBMUGONHIB@K@B@NZBUTNC_NUKCEB@LND@
TBOEFZND@ZGOEGMNFDa@
aPa@@{BEKCZFNOFhNM@BD@KgGFTNUKCEBD@K@KDTNHBD@ZGOEGMNFD]@
\F\OFBEKZND]@UGDKGD]@ZFCKUND]@ZKCEMBD@ZGOEGMNFD@K@DEFBD@LB@
TNEMFUYCFB@ZGOEGMNO@ZBUB@ZNCNFD@LK@ZBUGCFZNHIB@K@LFeOBWB@ZBU@
BD@ZFLNLIBD@K@ZBCDGUFLBMKD@ZGOEGMNFD]@NUTOFNCLB@DGN@TNMEFZFTNHIB@
LFMKEN@CN@WKDEIB@LKDEKD@KgGFTNUKCEBDa@
aPa@@CDEFEGFM@FCDECZFND@LK@LFeOBWB]@ZBCDGOEN@`D@FCDEFEGFHzKD@
ZGOEGMNFD]@LFDZGDDIB@T\OFZN@K@ZBON\BMNHIB@EZCFZN@TNMN@NLBHIB@LK@
ijvqxmn~sjrmnujvjnjnsmt}xnsnxnpkjkqrjisktxnwjmnux~trqjmnqo~tovjrmn
K@B@NTBFB@NBD@DKWUKCEBD@ZGOEGMNFD@K@NBD@WMGTBD]@MKDTKFENCLB@N@
LF^KMDFLNLK@LN@ZGOEGMN@\MNDFOKFMNa@
aPa@@AMFNM@UKZNCFDUBD@LK@TNMEFZFTNHIB@K@MKTMKDKCENHIB@LND@
ZBUGCFLNLKD@EMNLFZFBCNFD]@FCLWKCND@K@gGFOBU\BOND@CN@KON\BMNHIB]@
FUTOKUKCENHIB]@NZBUTNC_NUKCEB]@N^NOFNHIB@K@MK^FDIB@LK@TBOEFZND@
LK@TMBEKHIB@K@TMBUBHIB@LND@TMcTMFND@ZGOEGMNDa@
a@@?UTOFNM@N@EMNCDTNMCZFN@K@VBMENOKZKM@B@ZBCEMBOK@DBZFNO@
DB\MK@BD@UBLKOBD@LK@WKDEIB@LND@TBOEFZND@ZGOEGMNFD@K@DKEBMFNFD]@
NUTOFNCLB@B@LFeOBWB@ZBU@BD@DKWUKCEBD@NMEDEFZBD@K@ZGOEGMNFDa@
aaP@@FDTBCF\FOFhNM@FCVBMUNHzKD@DB\MK@ND@OKFD@K@MKWGONUKCEBD@
gGK@MKWKU@N@NEF^FLNLK@ZGOEGMNO@CB@{ND@K@N@WKDEIB@T\OFZN@LND@
TBOEFZND@ZGOEGMNFD]@LNCLB@EMNCDTNMCZFN@N@LNLBD@K@FCLFZNLBMKD@
DB\MK@WKDEIB@K@FC^KDEFUKCEBD@T\OFZBDa@
nnvxixysvnxnixkrtxvjisktxnwjnspqqrjnwxmnixws~xmn
LK@WKDEIB@LND@TBOEFZND@ZGOEGMNFD@K@DKEBMFNFD@TBM@UKFB@LB@FDEKUN@
NZFBCNO@LK@CVBMUNHzKD@K@CLFZNLBMKD@AGOEGMNFD@f@A]@ZBU@
\NDK@KU@FCLFZNLBMKD@CNZFBCNFD]@MKWFBCNFD@K@OBZNFD@LK@NZKDDB@K@
ZBCDGUB]@UKCDGMNCLB@MKDGOENLBD@LND@TBOEFZND@T\OFZND@LK@ZGOEGMN@
CB@LKDKC^BO^FUKCEB@KZBCYUFZB]@CN@WKMNHIB@LK@DGDEKCEN\FOFLNLK]@
NDDFU@ZBUB@CN@WNMNCEFN@LN@TMKDKM^NHIB@K@TMBUBHIB@LB@TNEMFUYCFB@
K@LN@LF^KMDFLNLK@ZGOEGMNOa@
1Y

aa@@AMFNM@BG^FLBMFND@K@BGEMBD@ZNCNFD@LK@FCEKMOBZGHIB@LBD@
ZFLNLIBD@ZBU@BD@cMWIBD@T\OFZBD@K@FCDEFEGFHzKD@ZGOEGMNFD]@NLBENCLB@
TMBZKDDBD@LK@ZBCDGOEN@T\OFZN@K@LK@NEKCLFUKCEB@FCLF^FLGNO@LBD@
ZFLNLIBD@gGK@\GDZNU@NTBFBa@
a@@ABCDBOFLNM@ND@ZBCVKMCZFND]@VcMGCD@K@DKUFCeMFBD@gGK@
KC^BO^NU@N@VBMUGONHIB@K@B@LK\NEK@DB\MK@ND@TBOEFZND@ZGOEGMNFD]@
qxkmx~rwjkwxnsmujxmnwsnqxkmo~tj|nvs@s}xnqvtrqj|njyj~rj}xnsn
TMBTBDFHIB@LK@ZBCZKFEBD@K@KDEMNEWFNDa@
aaP@@KNOFhNM@N@ABCVKMCZFN@NZFBCNO@LK@AGOEGMN@TKOB@UKCBD@
N@ZNLN@@gGNEMB@NCBD]@KC^BO^KCLB@N@DBZFKLNLK@ZF^FO]@BD@WKDEBMKD@
T\OFZBD@K@TMF^NLBD]@ND@BMWNCFhNHzKD@K@FCDEFEGFHzKD@ZGOEGMNFD@K@BD@
NWKCEKD@NMEDEFZBD@K@ZGOEGMNFDa@
aa@@DEFUGONM@N@MKNOFhNHIB@LK@ZBCVKMCZFND@KDENLGNFD@K@
UGCFZFTNFD@ZBUB@FCDEMGUKCEBD@LK@TNMEFZFTNHIB@K@ZBCEMBOK@DBZFNO@
CND@LF^KMDND@KDVKMND]@ZBU@NMEFZGONHIB@ZBU@BD@KCZBCEMBD@CNZFBCNFDa@
aa@@DEFUGONM@N@MKNOFhNHIB@LK@ZBCVKMCZFND@DKEBMFNFD@N\MFCLB@
KDTNHB@TNMN@N@TNMEFZFTNHIB@K@ZBCEMBOK@DBZFNO@LBD@UKFBD@NMEDEFZBD@K@
ZGOEGMNFDa@
aa@@?TBFNM@N@MKNOFhNHIB@LK@VcMGCD@K@DKUFCeMFBD@gGK@LK\NENU@
snjyj~rsinosmtsmnsmusqpqjmnvs~jtryjmnjxmnmstxvsmnjvtmtrqxmn
K@ZGOEGMNFD]@KDEFUGONCLB@N@FCDKMHIB@LK@KOKUKCEBD@ZMEFZBD@CND@
gGKDEzKD@K@B@LKDKC_B@LK@KDEMNEWFND@TNMN@N@TBOEFZN@ZGOEGMNO@LB@{NDa@
a@ @ DEFUGONM@ N@ ZMFNHIB@ LK@ ZBCDKO_BD@ TNMFEeMFBD]@
LKUBZMNEFZNUKCEK@ZBCDEFEGLBD]@LK@UBLB@N@VBMENOKZKM@B@LFeOBWB@
KCEMK@TBLKM@T\OFZB]@FCFZFNEF^N@TMF^NLN@K@N@DBZFKLNLK@ZF^FOa@
aaP@@JBMENOKZKM@N@NEGNHIB@LB@ABCDKO_B@NZFBCNO@LK@{BOEFZN@
AGOEGMNO]@\KU@ZBUB@LBD@ZBCDKO_BD@KDENLGNFD@K@UGCFZFTNFD]@ZBUB@
FCDECZFND@LK@ZBCDGOEN]@UBCFEBMNUKCEB@K@LK\NEK@DB\MK@ND@TBOEFZND@
T\OFZND@LK@ZGOEGMNa@
aa@@DEFUGONM@gGK@BD@ZBCDKO_BD@UGCFZFTNFD]@KDENLGNFD@K@
VKLKMNFD@LK@ZGOEGMN@TMBUB^NU@N@TNMEFZFTNHIB@LK@B^KCD@K@FLBDBD@
K@MKTMKDKCENCEKD@LBD@LFMKFEBD@LN@ZMFNCHN]@LND@UGO_KMKD]@LND@
ZBUGCFLNLKD@FCLWKCND@K@LK@BGEMBD@WMGTBD@TBTGONZFBCNFD@DGKFEBD@
`@LFDZMFUFCNHIB@K@^GOCKMN\FOFLNLK@DBZFNOa@
aa@@{MBUB^KM@N@NMEFZGONHIB@LBD@ZBCDKO_BD@ZGOEGMNFD@ZBU@
BGEMBD@LN@UKDUN@CNEGMKhN@^BOENLBD@`D@TBOEFZND@T\OFZND@LND@eMKND@
jpkmnnqo~tovj~n
aa@@?GUKCENM@N@TMKDKCHN@LK@MKTMKDKCENCEKD@LBD@LF^KMDBD@
DKEBMKD@NMEDEFZBD@K@ZGOEGMNFD@CBD@ZBCDKO_BD@K@LKUNFD@VcMGCD@
LKLFZNLBD@`@LFDZGDDIB@K@N^NOFNHIB@LND@TBOEFZND@T\OFZND@LK@
ZGOEGMN]@DKEBMFNFD@K@FCEKMDKEBMFNFD]@NDDFU@ZBUB@LK@KDTKZFNOFDEND]@
usmormjwxvsmnsntqkrqxmnosnoj~rposinjnwrmqomm}xnwsmmjmn
FCDECZFND@ZBCDGOEF^NDa@
a@@{MBUB^KM@KDTNHBD@TKMUNCKCEKD@LK@LFeOBWB@K@VcMGCD@
LK@LK\NEK@DB\MK@N@ZGOEGMN]@N\KMEBD@`@TBTGONHIB@K@NBD@DKWUKCEBD@
ZGOEGMNFD]@CND@ANDND@KWFDONEF^ND@LB@ABCWMKDDB@NZFBCNO]@CND@
?DDKU\OKFND@KWFDONEF^ND@DENLGNFD]@CN@AUNMN@KWFDONEF^N@LB@
rmtvrtxnswsvj~nsnkjmn=ijvjmn okrqrujrm

./0/1;132 9/:96;0:98/52/6783749./
2 2:59/60:13;376;0:98/:-/52//
52/:02 440/52/-/
350 5 ez557z@@GU@UBLKOB@LK@WKDEIB@K@
TMBUBHIB@LK@TBOEFZND@T\OFZND@LK@ZGOEGMN@gGK@TMKDDGTzK@N@NHIB@
ZBCGCEN@LBD@KCEKD@LN@VKLKMNHIB@WB^KMCBD@VKLKMNO]@KDENLGNO@K@UGf
CFZFTNO@TNMN@LKUBZMNEFhNHIB@LB@DKEBMa


?@FUTOKUKCENHIB@LB@FDEKUN@NZFBCNO@LK@AGOEGMN@VNh@TNMEK@
wjmnistjmnsnjsmnwxn~jkxn9jqrxkj~nwsno~tovjnvjmr~n9|n
gGK@KDEN\KOKZK@LFMKEMFhKD@K@NHzKD@LK@FCZKCEF^B@`@ZGOEGMNa@KG@B\f
KEF^B@@BMWNCFhNM@ND@TBOEFZND@ZGOEGMNFD@LK@VBMUN@LKDZKCEMNOFhNLN]@
LNCLB@ZBCEFCGFLNLK@N@KOND@FCLKTKCLKCEKUKCEK@LK@UGLNCHND@LK@WBf
^KMCNCEKDa@NU\U@^FDN@N@TBDDF\FOFENM@UKZNCFDUBD@LK@WKDEIB@K@LK@
FC^KDEFUKCEB@CN@ZGOEGMN@UNFD@EMNCDTNMKCEKD]@TBM@UKFB@LB@ZBCEMBOK@
DBZFNO@LBD@MKZGMDBD@K@LND@TBOEFZND@FUTOKUKCENLND@K@TMBUB^KM@N@
GCF^KMDNOFhNHIB@LB@NZKDDB@N@\KCD@K@DKM^FHBD@ZGOEGMNFD@K@B@VBUKCEB@
`@TMBLGHIBa
JGCZFBCN@LN@DKWGFCEK@VBMUN@KDENLBD@K@UGCFZTFBD@NDDFCNU@
B@EKMUB@LK@NLKDIB@NB@A@K@N@TNMEFM@LN@DK@ZBUTMBUKEKU@N@FUf
TONCENM@CB@UGCFZTFB@BG@KDENLB@N@KDEMGEGMN@ZGOEGMNO@KSFWFLN@TKOB@
rkrmtvrxninqxktvjujvtrwj|nxn rknxsvsqsntxwxnxnjuxrxnujvjnxn
LKDKC^BO^FUKCEB@LK@TBOEFZND@ZGOEGMNFDa
b@UCFUB@gGK@B@UGCFZTFB@LK^K@FUTONCENM@@GUN@DKZMKENMFN@LK@
ZGOEGMN]@GU@ZBCDKO_B@LK@TBOEFZN@ZGOEGMNO]@GUN@ZBCVKMCZFN@TKMFcf
wrqjnwsnqo~tovj|noinu~jkxnwsnqo~tovjnsnoinmrmtsijnwsnpkjkqrjiskf
EB@VGCLBD@LK@ZGOEGMNa@B@ZNDB@LN@CFIB@K@KDENLBD]@KOKD@EU@gGK@
ZBCDEFEGFM@ENU\U@GUN@ZBUFDDIB@FCEKMWKDEBMKDa
ABU@KDDN@KDEMGEGMN]@B@ZFLNLIB@EKU@KDTNHB@LK@TNMEFZFTNHIB]@
TBMgGK@B@DFDEKUN@NWK@TBM@UKFB@LBD@ZBCDKO_BD@K@LND@ZBCVKMCZFND]@
gGK@ZBCENU@ZBU@N@TNMEFZFTNHIB@LN@DBZFKLNLK@K@ZBUGCFLNLK@NMEDf
EFZN@TNMN@N@VBMUGONHIB]@NZBUTNC_NUKCEB@K@NTOFZNHIB@LND@TBOEFZND@
LK@ZGOEGMNa
2 2:59/60:13;376;0:98/:/-/52//52/
:02 440/52/-

@f@EMNCDTNMCZFN@K@ZBUTNMEFO_NUKCEB@LND@FCVBMUNHzKD
@f@LKUBZMNEFhNHIB@LBD@TMBZKDDBD@LKZFDcMFBD@ZBU@TNMEFZFTNHIB@
K@ZBCEMBOK@DBZFNO
@f@LKDZKCEMNOFhNHIB@NMEFZGONLN@K@TNZEGNLN@LN@WKDEIB]@LBD@
MKZGMDBD@K@LND@NHzKD
@f@NUTOFNHIB@TMBWMKDDF^N@LBD@MKZGMDBD@ZBCEFLBD@CBD@
BMHNUKCEBD@T\OFZBD@TNMN@N@ZGOEGMNa
@@ABCDEFEGF@N@KDEMGEGMN@LB@FDEKUN@NZFBCNO@LK@AGOEGMN]@CND@
MKDTKZEF^ND@KDVKMND@LN@JKLKMNHIB
@f@cMWIBD@WKDEBMKD@LN@ZGOEGMN
@f@ZBCDKO_BD@LK@TBOEFZN@ZGOEGMNO
@f@ZBCVKMCZFND@LK@ZGOEGMN
@f@ZBUFDDzKD@FCEKMWKDEBMKD
@f@TONCBD@LK@ZGOEGMN
nnmrmtsijmnwsnpkjkqrjisktxnnqo~tovj
@f@DFDEKUND@LK@FCVBMUNHzKD@K@FCLFZNLBMKD@ZGOEGMNFD
@f@TMBWMNUND@LK@VBMUNHIB@CN@eMKN@LN@ZGOEGMN@K
@f@DFDEKUND@DKEBMFNFD@LK@ZGOEGMNa
@@KF@VKLKMNO@LFDTBMe@DB\MK@N@MKWGONUKCENHIB@LB@FDEKUN@
NZFBCNO@LK@AGOEGMN]@\KU@ZBUB@LK@DGN@NMEFZGONHIB@ZBU@BD@LKUNFD@
DFDEKUND@CNZFBCNFD@BG@TBOEFZND@DKEBMFNFD@LK@WB^KMCBa
nnmnmtjwxm|nxnrmtvrtxnswsvj~nsnxmn okrqurxmnxvjkrjv}xn
DKGD@MKDTKZEF^BD@DFDEKUND@LK@ZGOEGMN@KU@OKFD@TMcTMFNDa
?MEa@@DEN@UKCLN@ABCDEFEGZFBCNO@KCEMN@KU@^FWBM@CN@LNEN@LK@
DGN@TG\OFZNHIBa
vjm~rj|nsin#nwsnkxysivxnwsn
@

?ZMKDZKCEN@B@NMEa@Pf?@`@ABCDEFEGFHIB@JKLKMNO@TNMN@FCDEFEGFM@B@
FDEKUN@NZFBCNO@LK@AGOEGMNa
mn smjmnwjn=ijvjnwxmnsuotjwxmnsnwxn"skjwxnswsvj~|nkxmn
EKMUBD@LB@@@LB@NMEa@2@LN@ABCDEFEGFHIB@JKLKMNO]@TMBUGOWNU@N@
DKWGFCEK@UKCLN@NB@EKSEB@ZBCDEFEGZFBCNO
?MEa@P@?@ABCDEFEGFHIB@JKLKMNO@TNDDN@N@^FWBMNM@NZMKDZFLN@LB@
DKWGFCEK@NMEa@Pf?
X?MEa@Pf?a@b@FDEKUN@NZFBCNO@LK@AGOEGMN]@BMWNCFhNLB@KU@
MKWFUK@LK@ZBON\BMNHIB]@LK@VBMUN@LKDZKCEMNOFhNLN@K@TNMEFZFTNEF^N]@
FCDEFEGF@GU@TMBZKDDB@LK@WKDEIB@K@TMBUBHIB@ZBCGCEN@LK@TBOEFZND@
T\OFZND@LK@ZGOEGMN]@LKUBZMeEFZND@K@TKMUNCKCEKD]@TNZEGNLND@KCEMK@
BD@KCEKD@LN@JKLKMNHIB@K@N@DBZFKLNLK]@EKCLB@TBM@B\KEF^B@TMBUB^KM@
B@LKDKC^BO^FUKCEB@_GUNCB]@DBZFNO@K@KZBCYUFZB@ZBU@TOKCB@
KSKMZZFB@LBD@LFMKFEBD@ZGOEGMNFDa
@P@b@FDEKUN@NZFBCNO@LK@AGOEGMN@VGCLNUKCENfDK@CN@TBOEFZN@
CNZFBCNO@LK@ZGOEGMN@K@CND@DGND@LFMKEMFhKD]@KDEN\KOKZFLND@CB@{ONCB@
NZFBCNO@LK@AGOEGMN]@K@MKWKfDK@TKOBD@DKWGFCEKD@TMFCZTFBD
@f@LF^KMDFLNLK@LND@KSTMKDDzKD@ZGOEGMNFD
@f@GCF^KMDNOFhNHIB@LB@NZKDDB@NBD@\KCD@K@DKM^FHBD@ZGOEGMNFD
@f@VBUKCEB@`@TMBLGHIB]@LFVGDIB@K@ZFMZGONHIB@LK@ZBC_KZFUKCEB@
K@\KCD@ZGOEGMNFD
@f@ZBBTKMNHIB@KCEMK@BD@KCEKD@VKLKMNLBD]@BD@NWKCEKD@T\OFZBD@
K@TMF^NLBD@NEGNCEKD@CN@eMKN@ZGOEGMNO
@f@FCEKWMNHIB@K@FCEKMNHIB@CN@KSKZGHIB@LND@TBOEFZND]@
TMBWMNUND]@TMBKEBD@K@NHzKD@LKDKC^BO^FLND
@f@ZBUTOKUKCENMFLNLK@CBD@TNTFD@LBD@NWKCEKD@ZGOEGMNFD@
@f@EMNCD^KMDNOFLNLK@LND@TBOEFZND@ZGOEGMNFD
@f@NGEBCBUFN@LBD@KCEKD@VKLKMNLBD@K@LND@FCDEFEGFHzKD@LN@
DBZFKLNLK@ZF^FO
7[

./0/4049 9/:96;0:98/52/90;0/
9/6783749/^/40:96/82;/4079:23/^/
82;/:/.-/52/---/5264230/:/
.-/;:/4>4/:/-.----/
915 5x{56155615611f 435615{{x
55555555
KDEN\KOKZK@TMFCZTFBD@LN@KF@C@a2]@LK@@LK@GO_B@LK@PQR]@
FCDEFEGF@B@{MBWMNUN@NZFBCNO@LK@?TBFB@`@AGOEGMN@{MBCNZ@K@Le@BGf
EMND@TMB^FLCZFNDa
3541061 2156
54197
5JNHB@DN\KM@gGK@B@ABCf
WMKDDB@NZFBCNO@LKZMKEN@K@KG@DNCZFBCB@N@DKWGFCEK@OKF
pX%$n@
FDTBDFHzKD@{MKOFUFCNMKD

@@@@@@@@
?MEa@P@JFZN@FCDEFEGLB@B@{MBWMNUN@NZFBCNO@LK@?TBFB@`@AGOf
tovjnvxkjq|nqxinjnpkj~rwjwsnwsnqjutjvnsnqjkj~rjvnvsqovmxmnujvjn
B@DKEBM@LK@UBLB@N
@f@ZBCEMF\GFM@TNMN@VNZFOFENM]@N@EBLBD]@BD@UKFBD@TNMN@B@OF^MK@NZKDf
DB@`D@VBCEKD@LN@ZGOEGMN@K@B@TOKCB@KSKMZZFB@LBD@LFMKFEBD@ZGOEGMNFD
@f@TMBUB^KM@K@KDEFUGONM@N@MKWFBCNOFhNHIB@LN@TMBLGHIB@ZGOf
EGMNO@K@NMEDEFZN@\MNDFOKFMN]@ZBU@^NOBMFhNHIB@LK@MKZGMDBD@_GUNCBD@K@
ZBCEKLBD@OBZNFD
@f@NTBFNM]@^NOBMFhNM@K@LFVGCLFM@B@ZBCGCEB@LND@UNCFVKDENHzKD@
ZGOEGMNFD@K@DKGD@MKDTKZEF^BD@ZMFNLBMKD


@f@TMBEKWKM@ND@KSTMKDDzKD@ZGOEGMNFD@LBD@WMGTBD@VBMUNLBMKD@
LN@DBZFKLNLK@\MNDFOKFMN@K@MKDTBCDe^KFD@TKOB@TOGMNOFDUB@LN@ZGOEGMN@
CNZFBCNO
nnmj~yjojvwjvnjnmxvsyry3kqrjnsnxn@xvsmqrisktxnwxmnixwxmn
LK@ZMFNM]@VNhKM@K@^F^KM@LN@DBZFKLNLK@\MNDFOKFMN
@f@TMKDKM^NM@BD@\KCD@UNEKMFNFD@K@FUNEKMFNFD@LB@TNEMFUYCFB@
ZGOEGMNO@K@_FDEcMFZB@\MNDFOKFMB
@f@LKDKC^BO^KM@N@ZBCDZFCZFN@FCEKMCNZFBCNO@K@B@MKDTKFEB@NBD@
^NOBMKD@ZGOEGMNFD@LK@BGEMBD@TB^BD@BG@CNHzKD
@f@KDEFUGONM@N@TMBLGHIB@K@LFVGDIB@LK@\KCD@ZGOEGMNFD@LK@^Nf
OBM@GCF^KMDNO]@VBMUNLBMKD@K@FCVBMUNLBMKD@LK@ZBC_KZFUKCEB]@ZGOEGMN@
K@UKUcMFN
@f@TMFBMFhNM@B@TMBLGEB@ZGOEGMNO@BMFWFCeMFB@LB@{NDa
@@@@@@@@
?MEa@@b@{MBCNZ@DKMe@FUTOKUKCENLB@NEMN^D@LBD@DKWGFCEKD@UKf
ZNCFDUBD
@f@JGCLB@NZFBCNO@LN@AGOEGMN@JA
@f@JGCLBD@LK@C^KDEFUKCEB@AGOEGMNO@K@?MEDEFZB@JFZNME
@f@CZKCEF^B@N@TMBKEBD@ZGOEGMNFDa
@PB@@bD@FCZKCEF^BD@ZMFNLBD@TBM@KDEN@KF@DBUKCEK@DKMIB@
ZBCZKLFLBD@N@TMBKEBD@ZGOEGMNFD@ZGN@KSF\FHIB]@GEFOFhNHIB@K@
ZFMZGONHIB@LBD@\KCD@ZGOEGMNFD@LKOKD@MKDGOENCEKD@DKNU@N\KMEND]@DKU@
LFDEFCHIB]@N@gGNOgGKM@TKDDBN]@DK@WMNEGFEND]@K@N@T\OFZB@TNWNCEK]@DK@
ZB\MNLB@FCWMKDDBaKCGUKMNLB@LB@TNMeWMNVB@CFZB@TKON@KF@C@
PPa]@LK@22R
@B@@@^KLNLN@N@ZBCZKDDIB@LK@FCZKCEF^B@N@B\MND]@TMBLGEBD]@
K^KCEBD@BG@BGEMBD@LKZBMMKCEKD]@LKDEFCNLBD@BG@ZFMZGCDZMFEBD@N@
ZBOKHzKD@TNMEFZGONMKD@BG@ZFMZGFEBD@TMF^NLBD@gGK@KDEN\KOKHNU@
OFUFENHzKD@LK@NZKDDBa@CZOGLB@TKON@KF@C@PPa]@LK@22R
@@@@@@@@
vtnnjvjnqoiuvrisktxnwjmnpkj~rwjwsmnsuvsmmjmnkxnjvtn
n
LKDEN@OKF]@BD@TMBKEBD@ZGOEGMNFD@KU@ZGB@VN^BM@DKMIB@ZNTENLBD@K@ZNf
CNOFhNLBD@BD@MKZGMDBD@LB@{MBCNZ@NEKCLKMIB]@TKOB@UKCBD]@GU@LBD@
DKWGFCEKD@B\KEF^BD
@f@FCZKCEF^B@`@VBMUNHIB@NMEDEFZN@K@ZGOEGMNO]@UKLFNCEK
jnqxkqsmm}xnwsnx~mjmnwsnsmtowx|nusmormjnsntvjj~lx|nkxnvjf
DFO@BG@CB@KSEKMFBM]@N@NGEBMKD]@NMEFDEND@K@EZCFZBD@\MNDFOKFMBD@BG@KDf
tvjksrvxmnvsmrwsktsmnkxnvjmr~
\@ZBCZKDDIB@LK@TMUFBD@N@ZMFNLBMKD]@NGEBMKD]@NMEFDEND]@EZCFZBD@
snmojmnxvjm|np~ism|nsmustqo~xmniomrqjrmnsnwsnjvtsmnq3krqjmnsin
qxkqovmxmnsnsmtryjrmnvsj~rjwxmnkxnvjmr~
Z@FCDENONHIB@K@UNCGEKCHIB@LK@ZGMDBD@LK@ZNMeEKM@ZGOEGMNO@BG@
NMEDEFZB]@LKDEFCNLBD@`@VBMUNHIB]@KDTKZFNOFhNHIB@K@NTKMVKFHBNUKCEB@
LK@TKDDBNO@LN@eMKN@LN@ZGOEGMN]@KU@KDEN\KOKZFUKCEBD@LK@KCDFCB@DKU@
pkmn~oqvjtryxm
@f@VBUKCEB@`@TMBLGHIB@ZGOEGMNO@K@NMEDEFZN]@UKLFNCEK
jnuvxwo}xnwsnwrmqxm|nywsxm|nxvjmnqrksijtxvpqjmnwsnqovtjn
sniwrjnistvjsinsnp~ismnwxqoisktjrm|nuvsmsvyj}xnwxnjqsvyxn
qrksijtxvpqxnsinjmmrinwsnxotvjmnxvjmnwsnvsuvxwo}xnyrwsxf
xkxvpqjnwsnqjvtsvnqo~tovj~n
\@KLFHIB@LK@B\MND@MKONEF^ND@`D@ZFCZFND@_GUNCND]@`D@OKEMND@K@
`D@NMEKD
Z@MKNOFhNHIB@LK@KSTBDFHzKD]@VKDEF^NFD@LK@NMEK]@KDTKEeZGOBD@LK@
NMEKD@ZCFZND]@LK@UDFZN@K@LK@VBOZOBMK
L@ZB\KMEGMN@LK@LKDTKDND@ZBU@EMNCDTBMEK@K@DKWGMB@LK@B\KEBD@
LK@^NOBM@ZGOEGMNO@LKDEFCNLBD@N@KSTBDFHzKD@T\OFZND@CB@{ND@K@CB@
KSEKMFBM
K@MKNOFhNHIB@LK@KSTBDFHzKD]@VKDEF^NFD@LK@NMEK@K@KDTKEeZGOBD@LK@
NMEKD@ZCFZND@BG@ZBCWCKMKD
7

@f@TMKDKM^NHIB@K@LFVGDIB@LB@TNEMFUYCFB@NMEDEFZB]@ZGOEGMNO@K@
_FDEcMFZB]@UKLFNCEK
N@ZBCDEMGHIB]@VBMUNHIB]@BMWNCFhNHIB]@UNCGEKCHIB]@NUTOFNf
HIB@K@KgGFTNUKCEB@LK@UGDKGD]@\F\OFBEKZND]@NMgGF^BD@K@BGEMND@BMWNf
CFhNHzKD@ZGOEGMNFD]@\KU@ZBUB@LK@DGND@ZBOKHzKD@K@NZKM^BD
\@ZBCDKM^NHIB@K@MKDENGMNHIB@LK@TMLFBD]@UBCGUKCEBD]@OBWMNf
LBGMBD]@DEFBD@K@LKUNFD@KDTNHBD]@FCZOGDF^K@CNEGMNFD]@EBU\NLBD@TKOBD@
{BLKMKD@{\OFZBD
Z@MKDENGMNHIB@LK@B\MND@LK@NMEKD@K@\KCD@Uc^KFD@K@FUc^KFD@LK@
MKZBC_KZFLB@^NOBM@ZGOEGMNO
L@TMBEKHIB@LB@VBOZOBMK]@LB@NMEKDNCNEB@K@LND@EMNLFHzKD@TBTGONf
MKD@CNZFBCNFD
@f@KDEUGOB@NB@ZBC_KZFUKCEB@LBD@\KCD@K@^NOBMKD@ZGOEGMNFD]@
UKLFNCEK
N@LFDEMF\GFHIB@WMNEGFEN@K@T\OFZN@LK@FCWMKDDBD@TNMN@KDTKEeZGOBD@
ZGOEGMNFD@K@NMEDEFZBD
\@OK^NCENUKCEBD]@KDEGLBD@K@TKDgGFDND@CN@eMKN@LN@ZGOEGMN@K@LN@
NMEK@K@LK@DKGD@^eMFBD@DKWUKCEBD
Z@VBMCKZFUKCEB@LK@MKZGMDBD@TNMN@B@JA@K@TNMN@VGCLNHzKD@ZGOf
tovjrmnqxinpkmnsmusqpqxmnxonujvjniomsom|nr~rxtsqjm|njvoryxmn
BG@BGEMND@KCEFLNLKD@LK@ZNMeEKM@ZGOEGMNO
@f@NTBFB@N@BGEMND@NEF^FLNLKD@ZGOEGMNFD@K@NMEDEFZND]@UKLFNCEK
N@MKNOFhNHIB@LK@UFDDzKD@ZGOEGMNFD@CB@TND@K@CB@KSEKMFBM]@FCZOGf
DF^K@NEMN^D@LB@VBMCKZFUKCEB@LK@TNDDNWKCD
\@ZBCEMNENHIB@LK@DKM^FHBD@TNMN@KON\BMNHIB@LK@TMBKEBD@ZGOEGf
MNFD
Z@NHzKD@CIB@TMK^FDEND@CBD@FCZFDBD@NCEKMFBMKD@K@ZBCDFLKMNLND@
vs~syjktsmnus~xn rkrmtvxnwsnmtjwxnwjno~tovj|nqxkmo~tjwjnjnxf
UFDDIB@NZFBCNO@LK@?TBFB@`@AGOEGMNa@@
pX%$n@
B@JGCLB@NZFBCNO@LN@AGOEGMN@JA

@@@@@@@@
vtnnrqjnvjtrpqjwxnxnokwxnwsnvxix}xno~tovj~|nqvrjwxn
TKON@KF@C@a2]@LK@@LK@GO_B@LK@PQR]@gGK@TNDDNMe@N@LKCBUFCNMf
fDK@JGCLB@NZFBCNO@LN@AGOEGMN@JA]@ZBU@B@B\KEF^B@LK@ZNTENM@K@
wsmtrkjvnvsqovmxmnujvjnuvxstxmnqo~tovjrmnqxiujtysrmnqxinjmnpkjf
OFLNLKD@LB@{MBCNZ@K@LK
@f@KDEFUGONM@N@LFDEMF\GFHIB@MKWFBCNO@KgGFENEF^N@LBD@MKZGMDBD@N@
DKMKU@NTOFZNLBD@CN@KSKZGHIB@LK@TMBKEBD@ZGOEGMNFD@K@NMEDEFZBD
@f@VN^BMKZKM@N@^FDIB@FCEKMKDENLGNO]@KDEFUGONCLB@TMBKEBD@gGK@
KSTOBMKU@TMBTBDEND@ZGOEGMNFD@ZBCGCEND]@LK@KCVBgGK@MKWFBCNO
@f@NTBFNM@TMBKEBD@LBENLBD@LK@ZBCEKLB@ZGOEGMNO@gGK@KCVNf
trsinxnjusvsrxjisktxnuvxpmmrxkj~nsnjvtmtrqxnwxmnvsqovmxmnlof
UNCBD@CN@eMKN@LN@ZGOEGMN]@N@ZMFNEF^FLNLK@K@N@LF^KMDFLNLK@ZGOEGMNO@
\MNDFOKFMN
@f@ZBCEMF\GFM@TNMN@N@TMKDKM^NHIB@K@TMBEKHIB@LB@TNEMFUYCFB@
ZGOEGMNO@K@_FDEcMFZB@\MNDFOKFMB
@f@VN^BMKZKM@TMBKEBD@gGK@NEKCLNU@`D@CKZKDDFLNLKD@LN@TMBf
LGHIB@ZGOEGMNO@K@NBD@FCEKMKDDKD@LN@ZBOKEF^FLNLK]@N@ZBCDFLKMNLBD@BD@
C^KFD@gGNOFENEF^BD@K@gGNCEFENEF^BD@LK@NEKCLFUKCEBD@`D@LKUNCLND@
ZGOEGMNFD@KSFDEKCEKD]@B@ZNMeEKM@UGOEFTOFZNLBM@LBD@TMBKEBD@NEMN^D@LK@
DKGD@NDTKZEBD@DBZFBZGOEGMNFD@K@N@TMFBMFhNHIB@LK@TMBKEBD@KU@eMKND@
NMEDEFZND@K@ZGOEGMNFD@ZBU@UKCBD@TBDDF\FOFLNLK@LK@LKDKC^BO^FUKCEB@
ZBU@MKZGMDBD@TMcTMFBDa
@PBnnn9nmsvnjwirkrmtvjwxnus~xn rkrmtvrxnwjno~tovjnsn
WKMFLB@TBM@DKG@EFEGONM]@TNMN@ZGUTMFUKCEB@LB@{MBWMNUN@LK@MN\NO_B@
?CGNO]@DKWGCLB@BD@TMFCZTFBD@KDEN\KOKZFLBD@CBD@NMEDa@PB@K@Ba/@


@B@@bD@MKZGMDBD@LB@JA@DBUKCEK@DKMIB@NTOFZNLBD@KU@
TMBKEBD@ZGOEGMNFD@NTcD@NTMB^NLBD]@ZBU@TNMKZKM@LB@cMWIB@EZCFZB@
qxiustskts|nus~xn rkrmtvxnwsnmtjwxnwjno~tovjn
@@bD@TMBKEBD@NTMB^NLBD@DKMIB@NZBUTNC_NLBD@K@N^NOFNLBD@
EKZCFZNUKCEK@TKOND@KCEFLNLKD@DGTKM^FDFBCNLND]@ZN\KCLB@N@KSKZGHIB@
pkjkqsrvjnn"
@@KUTMK@gGK@CKZKDDeMFB]@ND@KCEFLNLKD@DGTKM^FDFBCNLND@
GEFOFhNMIB@TKMFEBD@TNMN@NCeOFDK@K@TNMKZKM@DB\MK@BD@TMBKEBD]@TKMUFEFLN@
N@FCLKCFhNHIB@LK@LKDTKDND@ZBU@B@LKDOBZNUKCEB]@gGNCLB@_BG^KM]@K@
vsmusqtryxmnuv~jxvsnsnjowjnwsnqomtxm|nqxkxvisnpqjvnwspkrwxn
CB@MKWGONUKCEBa
@@b@KZMKEeMFB@LN@AGOEGMN@LN@{MKDFLCZFN@LN@KT\OFZN@
LKDFWCNMe@N@GCFLNLK@LN@KDEMGEGMN@\eDFZN@LN@A{@gGK@VGCZFBCNMe@
ZBUB@DKZMKENMFN@KSKZGEF^N@LB@JAa
@B@@bD@MKZGMDBD@LB@JA@CIB@TBLKMIB@DKM@GEFOFhNLBD@TNMN@
wsmusmjmnwsnijkotsk}xnjwirkrmtvjtryjnwxn rkrmtvrxnwjno~tovj|n
KSZKEB@TNMN@N@NgGFDFHIB@BG@OBZNHIB@LK@KgGFTNUKCEBD@K@\KCD@
ksqsmmvrxmnjxnqoiuvrisktxnwjmnpkj~rwjwsmnwxnokwxn@
@@?B@EMUFCB@LB@TMBKEB]@N@A{@KVKEGNMe@GUN@N^NOFNHIB@
pkj~nwsnxvijnjnysvrpqjvnjnps~nju~rqj}xnwxmnvsqovmxm|nxmsvyjkwxn
jmnkxvijmnsnuvxqswrisktxmnjnmsvsinwspkrwxmnkxnvso~jisktxn
LKDEN@OKF]@\KU@ZBUB@N@OKWFDONHIB@KU@^FWBMa
@@R@?D@FCDEFEGFHzKD@T\OFZND@BG@TMF^NLND@MKZK\KLBMND@
LK@MKZGMDBD@LB@JA@K@KSKZGEBMND@LK@TMBKEBD@ZGOEGMNFD]@ZGN@
jyj~rj}xnpkj~nk}xnxvnjuvxyjwjnus~jn"|nkxmntsvixmnwxn
ujvvjxnjktsvrxv|npqjv}xnrkjr~rtjwjmnus~xnuvjxnwsntv3mnjkxmn
NB@MKZK\FUKCEB@LK@CB^BD@MKZGMDBD]@BG@KCgGNCEB@N@A{@CIB@
TMBZKLKM@N@MKN^NOFNHIB@LB@TNMKZKM@FCFZFNOa
@@@@@@@@
?MEa@@b@JA@@GU@VGCLB@LK@CNEGMKhN@ZBCEe\FO]@ZBU@TMNhB@
FCLKEKMUFCNLB@LK@LGMNHIB]@gGK@VGCZFBCNMe@DB\@ND@VBMUND@LK@NTBFB@
N@VGCLB@TKMLFLB@BG@LK@KUTMDEFUBD@MKKU\BODe^KFD]@ZBCVBMUK@KDENf
\KOKZKM@B@MKWGONUKCEB]@K@ZBCDEFEGLB@LBD@DKWGFCEKD@MKZGMDBD
@f@MKZGMDBD@LB@KDBGMB@NZFBCNO
@f@LBNHzKD]@CBD@EKMUBD@LN@OKWFDONHIB@^FWKCEK
@f@OKWNLBD
@f@DG\^KCHzKD@K@NGSOFBD@LK@KCEFLNLKD@LK@gGNOgGKM@CNEGMKhN]@
FCZOGDF^K@LK@BMWNCFDUBD@FCEKMCNZFBCNFD
@f@DNOLBD@CIB@GEFOFhNLBD@CN@KSKZGHIB@LBD@TMBKEBD@N@gGK@DK@
MKVKMKU@B@ANTEGOB@@K@B@TMKDKCEK@ZNTEGOB@LKDEN@OKF
@f@LK^BOGHIB@LK@MKZGMDBD@LK@TMBKEBD@TMK^FDEBD@CB@ANTEGOB@
@K@CB@TMKDKCEK@ZNTEGOB@LKDEN@OKF]@K@CIB@FCFZFNLBD@BG@FCEKMMBUTFf
LBD]@ZBU@BG@DKU@GDEN@ZNGDN
@f@GU@TBM@ZKCEB@LN@NMMKZNLNHIB@LBD@JGCLBD@LK@C^KDEFUKCf
EBD@KWFBCNFD]@N@gGK@DK@MKVKMK@N@KF@C@RaP]@LK@P@LK@NCKFMB@
wsn
##
|nxswsqrwjnkjnju~rqj}xnjnvsmusqtryjnxvrsinsxvpqjn
MKWFBCNO
@f@MD@TBM@ZKCEB@LN@NMMKZNLNHIB@\MGEN@LBD@ZBCZGMDBD@LK@
TMBWCcDEFZBD@K@OBEKMFND@VKLKMNFD@K@DFUFONMKD@ZGN@MKNOFhNHIB@KDEF^KM@
DGKFEN@N@NGEBMFhNHIB@VKLKMNO]@LKLGhFCLBfDK@KDEK@^NOBM@LB@UBCENCEK@
LKDEFCNLBD@NBD@TMUFBD@
@f@MKKU\BODB@LND@BTKMNHzKD@LK@KUTMDEFUB@MKNOFhNLND@NEMNf
ymnwxnokwx|njntto~xnwsnpkjkqrjisktxnvssix~mys~|nxmsvyjwxmn
ZMFEMFBD@LK@MKUGCKMNHIB@gGK]@CB@UCFUB]@O_KD@TMKDKM^K@B@^NOBM@
MKNO
@f@MKDGOENLB@LND@NTOFZNHzKD@KU@EEGOBD@T\OFZBD@VKLKMNFD]@B\Kf
LKZFLN@N@OKWFDONHIB@^FWKCEK@DB\MK@N@UNEMFN
@f@ZBC^KMDIB@LN@L^FLN@KSEKMCN@ZBU@KCEFLNLKD@K@cMWIBD@KDf
tvjksrvxm|nokrqjisktsniswrjktsnwxjsm|nkxn~rirtsnjnmsvnpjwxn
7

us~xn rkrmtvxnwjnqxkxirj|njskwjnsn~jksjisktx|nxmsvyjwjmn
jmnkxvijmnsnuvxqswrisktxmnwxnjkqxnsktvj~nwxnvjmr~
@f@DNOLBD@LK@KSKMZZFBD@NCEKMFBMKD@@MKZGMDBD@LK@BGEMND@
VBCEKDa
@@@@@@@@
vtnnn9npkjkqrjvnjtnxrtsktjnuxvnqsktxnwxnqomtxntxtj~n
LK@ZNLN@TMBKEB]@UKLFNCEK@ZBUTMB^NHIB]@TBM@TNMEK@LB@TMBTBCKCEK]@
NFCLN@gGK@TKDDBN@GMLFZN@LK@LFMKFEB@T\OFZB]@LN@ZFMZGCDECZFN@LK@
LFDTBM@LB@UBCENCEK@MKUNCKDZKCEK@BG@KDENM@_N\FOFENLB@`@B\EKCHIB@
wxnvsmusqtryxnpkjkqrjisktx|njtvjymnwsnxotvjnxktsnwsyrwjisktsn
rwsktrpqjwj|nsqstxnojktxnjxmnvsqovmxmnqxinwsmtrkj}xnsmusqrpf
ZNLN@CN@BMFWKUa
@P@KENLB
@@{BLKMIB@DKM@ZBCDFLKMNLBD]@TNMN@KVKFEB@LK@EBENOFhNHIB@LB@
^NOBM@MKDENCEK]@\KCD@K@DKM^FHBD@BVKMKZFLBD@TKOB@TMBTBCKCEK@TNMN@
FUTOKUKCENHIB@LB@TMBKEB]@N@DKMKU@LK^FLNUKCEK@N^NOFNLBD@TKON@
A{a
@@@@@@@@
?MEa@@?@A{@KDEFUGONMe]@NEMN^D@LB@JA]@N@ZBUTBDFHIB]@
uxvnujvtsnwsnrkmtrtorsmnpkjkqsrvjm|nwsnqjvtsrvjmnujvjnpkjkqrjiskf
EB@LK@TMBKEBD@ZGOEGMNFD]@gGK@OK^KU@KU@ZBCEN@B@ZNMeEKM@DBZFNO@LN@
FCFZFNEF^N]@UKLFNCEK@ZMFEMFBD]@CBMUND]@WNMNCEFND@K@ENSND@LK@GMBD@
smusqrjrmnjnmsvsinjuvxyjwxmnus~xnjkqxnsktvj~nwxnvjmr~
pX%$n@
BD@JGCLBD@LK@C^KDEFUKCEB@AGOEGMNO@K@?MEDEFZB@JFZNME
@@@@@@@@
?MEa@R@JFZN@NGEBMFhNLN@N@ZBCDEFEGFHIB@LK@JGCLBD@LK@C^KDEFf
UKCEB@AGOEGMNO@K@?MEDEFZB@JFZNME]@DB\@N@VBMUN@LK@ZBCLBUCFB]@
DKU@TKMDBCNOFLNLK@GMLFZN]@ZNMNZEKMFhNCLB@ZBUGC_IB@LK@MKZGMDBD@
LKDEFCNLBD@`@NTOFZNHIB@KU@TMBKEBD@ZGOEGMNFD@K@NMEDEFZBDa
@@@@@@@@
?MEa@QB@@IB@ZBCDFLKMNLBD@TMBKEBD@ZGOEGMNFD@K@NMEDEFZBD]@TNMN@
pkmnwsnju~rqj}xnwsnvsqovmxmnwxnX|nj~inwsnxotvxmnosn
yskljinjnmsvnwsq~jvjwxmnus~xn rkrmtvrxnwjno~tovjn@
@f@N@TMBLGHIB@ZBUKMZFNO@LK@FCDEMGUKCEBD@UGDFZNFD]@\KU@ZBUB@
wsnwrmqxm|nptjm|nywsxm|np~ismnsnxotvjmnxvijmnwsnvsuvxwo}xnxf
kxyrwsxvpqjm
@f@N@TMBLGHIB@ZBUKMZFNO@LK@KDTKEeZGOBD@EKNEMNFD]@LK@LNCHN]@
UDFZN]@ZNCEB]@ZFMZB@K@LKUNFD@NEF^FLNLKD@ZBCWCKMKD
@f@N@KLFHIB@ZBUKMZFNO@LK@B\MND@MKONEF^ND@`D@ZFCZFND]@`D@OKEMND@
K@`D@NMEKD]@\KU@ZBUB@LK@B\MND@LK@MKVKMCZFN@K@BGEMND@LK@ZGC_B@
ZGOEGMNO
@f@ZBCDEMGHIB]@MKDENGMNHIB]@MKTNMNHIB@BG@KgGFTNUKCEB@LK@DNf
OND@K@BGEMBD@NU\FKCEKD@LKDEFCNLBD@N@NEF^FLNLKD@ZBU@B\KEF^BD@ZGOEGf
vjrm|nwsnuvxuvrswjwsnwsnsktrwjwsmnqxinpkmn~oqvjtryxm
@f@BGEMND@NEF^FLNLKD@ZBUKMZFNFD@BG@FCLGDEMFNFD]@LK@FCEKMKDDK@
qo~tovj~|njmmrinqxkmrwsvjwjmnus~xn rkrmtvrxnwjno~tovjnn
@@@@@@@@
vtn
nxiustsnnxirmm}xnwsnj~xvsmn xr~rvrxm|nxoyrwjn
N@A{]@LFDZFTOFCNM@N@ZBCDEFEGFHIB]@B@VGCZFBCNUKCEB@K@N@NLUFf
CFDEMNHIB@LBD@JFZNME]@B\DKM^NLND@ND@LFDTBDFHzKD@LKDEN@OKF@K@ND@CBMf
UND@WKMNFD@NTOFZe^KFD@NBD@VGCLBD@LK@FC^KDEFUKCEBa
@@@@@@@@
?MEa@PPa@?D@gGBEND@LBD@JFZNME]@KUFEFLND@DKUTMK@DB\@N@VBMUN@
CBUFCNEF^N@BG@KDZMFEGMNO]@ZBCDEFEGKU@^NOBMKD@UB\FOFeMFBD@DGKFEBD@
NB@MKWFUK@LN@KF@C@aR]@LK@@LK@LKhKU\MB@LK@PQa
@@@@@@@
?MEa@Pa@b@EFEGONM@LND@gGBEND@LK@JFZNME


@f@CIB@TBLKMe@KSKMZKM@gGNOgGKM@LFMKFEB@MKNO@DB\MK@BD@\KCD@K@
LFMKFEBD@FCEKWMNCEKD@LB@TNEMFUYCFB@LB@VGCLB
@f@CIB@MKDTBCLK@TKDDBNOUKCEK@TBM@gGNOgGKM@B\MFWNHIB@OKWNO@
BG@ZBCEMNEGNO]@MKONEF^NUKCEK@NBD@KUTMKKCLFUKCEBD@LB@VGCLB@BG@LN@
FCDEFEGFHIB@NLUFCFDEMNLBMN]@DNO^B@gGNCEB@`@B\MFWNHIB@LK@TNWNUKCEB@
LB@^NOBM@FCEKWMNO@LND@gGBEND@DG\DZMFENDa
@@@@@@@@
?MEa@Pa@?@FCDEFEGFHIB@NLUFCFDEMNLBMN@LK@JFZNME@ZBUTKEK
@f@MKTMKDKCEefOB@NEF^N@K@TNDDF^NUKCEK]@GLFZFNO@K@KSEMNGLFZFNOf
UKCEK
@f@MKDTBCLKM@TKDDBNOUKCEK@TKON@K^FZHIB@LK@LFMKFEB]@CN@K^KCf
EGNOFLNLK@LN@OFgGFLNHIB@LKDEKa
@@@@@@@@
?MEa@Pa@bD@MKCLFUKCEBD@K@WNC_BD@LK@ZNTFENO@NGVKMFLBD@TKOBD@
rqjvtnpqjinrmsktxmnwxnriuxmtxnmxvsnxusvjsmnwsnqvwrtx|nq=if
\FB@K@DKWGMB]@NDDFU@ZBUB@LB@FUTBDEB@DB\MK@MKCLN@K@TMB^KCEBD@LK@
gGNOgGKM@CNEGMKhNa@@
@@@@@@@@
?MEa@Pa@bD@MKCLFUKCEBD@K@WNC_BD@LK@ZNTFENO@LFDEMF\GLBD@TKOBD@
JFZNME]@DB\@gGNOgGKM@VBMUN]@DGKFENUfDK@`@FCZFLCZFN@LB@FUTBDEB@
DB\MK@N@MKCLN@CN@VBCEK@`@NOgGBEN@LK@^FCEK@K@ZFCZB@TBM@ZKCEBa
{NMeWMNVB@CFZBa@JFZNU@KSZOGLBD@LN@FCZFLCZFN@CN@VBCEK@LK@
osntvjtjnsmtsnjvtrx|nxmnvskwrisktxmnwrmtvrowxmnjnskspqrvrxn
TKDDBND@GMLFZN@EMF\GENLN@ZBU@\NDK@CB@OGZMB@MKNO]@BD@gGNFD@LK^KMIB@
DKM@ZBUTGENLBD@CN@LKZONMNHIB@NCGNO@LK@MKCLFUKCEBDa
@@@@@@@@
?MEa@Pa@bD@WNC_BD@LK@ZNTFENO@NGVKMFLBD@TBM@TKDDBND@VDFZND@BG@
GMLFZND@CIB@EMF\GENLND@ZBU@\NDK@CB@OGZMB@MKNO]@FCZOGDF^K@FDKCEND]@
LKZBMMKCEKD@LN@NOFKCNHIB@BG@MKDWNEK@LK@gGBEND@LBD@JFZNME]@DGKFf
ENUfDK@`@FCZFLCZFN@LB@FUTBDEB@DB\MK@N@MKCLN]@`@UKDUN@NOgGBEN@
TMK^FDEN@TNMN@N@EMF\GENHIB@LK@MKCLFUKCEBD@B\EFLBD@CN@NOFKCNHIB@BG@
MKDWNEK@LK@gGBEND@LK@VGCLBD@UEGBD@LK@NHzKDa
@P@ABCDFLKMNfDK@WNC_B@LK@ZNTFENO@N@LFVKMKCHN@TBDFEF^N@KCEMK@B@
^NOBM@LK@ZKDDIB@BG@MKDWNEK@LN@gGBEN@K@B@ZGDEB@ULFB@NEGNOFhNLB@LN@
NTOFZNHIB]@B\DKM^NLND@ND@LNEND@LK@NTOFZNHIB]@MKDWNEK@BG@ZKDDIB]@CBD@
EKMUBD@LN@OKWFDONHIB@TKMEFCKCEKa
@@b@WNC_B@LK@ZNTFENO@DKMe@NTGMNLB@KU@MKONHIB@N@ZNLN@MKDWNEK@
BG@ZKDDIB]@DKCLB@TKMUFEFLN@N@ZBUTKCDNHIB@LB@TMKGhB@_N^FLB@KU@
GUN@BTKMNHIB@ZBU@B@OGZMB@B\EFLB@KU@BGEMN]@LN@UKDUN@BG@LFVKMKCEK@
KDTZFK]@LKDLK@gGK@LK@MKCLN@^NMFe^KO]@LKCEMB@LB@UKDUB@KSKMZZFB@
pmqj~
@@b@FUTBDEB@DKMe@TNWB@NE@B@OEFUB@LFN@EFO@LN@TMFUKFMN@
gGFChKCN@LB@UD@DG\DKgGKCEK@`gGKOK@KU@gGK@B@WNC_B@LK@ZNTFENO@
VBF@NGVKMFLBa
@@bD@MKCLFUKCEBD@K@WNC_BD@LK@ZNTFENO@N@gGK@DK@MKVKMKU@
B@ZNTGE@LKDEK@NMEFWB@K@B@NMEFWB@NCEKMFBM]@gGNCLB@NGVKMFLBD@TBM@
FC^KDEFLBMKD@MKDFLKCEKD@BG@LBUFZFOFNLBD@CB@KSEKMFBM]@DGKFENUfDK@`@
EMF\GENHIB@TKOB@FUTBDEB@DB\MK@N@MKCLN]@CBD@EKMUBD@LN@OKWFDONHIB@
NTOFZe^KO@N@KDEN@ZONDDK@LK@ZBCEMF\GFCEKDa
@@@@@@@@
vtn
nntvjtjisktxnpmqj~nuvsyrmtxnkxmnjvtrxmnuvsqswsktsmn
DBUKCEK@FCZFLK@DB\MK@BD@MKCLFUKCEBD@LKZBMMKCEKD@LK@@@@@@NTOFZNHzKD@
KU@JFZNME@gGK@NEKCLNU@N@EBLBD@BD@MKgGFDFEBD@TMK^FDEBD@CN@TMKDKCEK@
OKF@K@CN@MKDTKZEF^N@MKWGONUKCENHIB@N@DKM@\NFSNLN@TKON@ABUFDDIB@LK@
j~xvsmn xr~rvrxm
{NMeWMNVB@CFZBa@bD@MKCLFUKCEBD@K@WNC_BD@LK@ZNTFENO@NGVKMFf
wxmnuxvnrqjvt|nosnwsrsinwsnjtskwsvnjxmnvsormrtxmnsmusqpqxmn
LKDDK@EFTB@LK@VGCLB]@DGKFENMfDKfIB@`@EMF\GENHIB@TMK^FDEN@CB@NMEFWB@
@LN@KF@C@aP]@LK@@LK@LKhKU\MB@LK@PQRRa
71

pX%$n@
B@CZKCEF^B@N@{MBKEBD@AGOEGMNFD

@@@@@@@@
?MEa@PRa@@ABU@B@B\KEF^B@LK@FCZKCEF^NM@ND@NEF^FLNLKD@ZGOEGMNFD]@
N@CFIB@VNZGOENMe@`D@TKDDBND@VDFZND@BG@GMLFZND@N@BTHIB@TKON@NTOFf
ZNHIB@LK@TNMZKOND@LB@UTBDEB@DB\MK@N@KCLN]@N@EEGOB@LK@LBNHzKD@BG@
TNEMBZCFBD]@ENCEB@CB@NTBFB@LFMKEB@N@TMBKEBD@ZGOEGMNFD@NTMKDKCENLBD@
TBM@TKDDBND@VDFZND@BG@TBM@TKDDBND@GMLFZND@LK@CNEGMKhN@ZGOEGMNO]@
ZBUB@NEMN^D@LK@ZBCEMF\GFHzKD@NB@JA]@CBD@EKMUBD@LB@NMEa@B]@FCZFf
DB@]@LKDEN@KF]@LKDLK@gGK@BD@TMBKEBD@NEKCLNU@NBD@ZMFEMFBD@KDENf
\KOKZFLBD@CB@NMEa@PB@LKDEN@KFa@@
@PB@@bD@ZBCEMF\GFCEKD@TBLKMIB@LKLGhFM@LB@FUTBDEB@LK@
MKCLN@LK^FLB@ND@gGNCEFND@KVKEF^NUKCEK@LKDTKCLFLND@CBD@TMBKEBD@
KOKCZNLBD@CB@@B|nuvsyrjisktsnjuvxyjwxmnus~xn rkrmtvrxnwjno~f
EGMN]@CBD@OFUFEKD@K@CND@ZBCLFHzKD@KDEN\KOKZFLBD@CN@OKWFDONHIB@LB@
FUTBDEB@LK@MKCLN@^FWKCEK]@CN@VBMUN@LK@@
N@LBNHzKD@K
\@TNEMBZCFBDa@@
@B@@?D@TKDDBND@GMLFZND@EMF\GENLND@ZBU@\NDK@CB@OGZMB@MKNO@
CIB@TBLKMIB@LKLGhFM@B@^NOBM@LN@LBNHIB@BG@LB@TNEMBZCFB@MKVKMFLB@
CB@TNMeWMNVB@NCEKMFBM@ZBUB@LKDTKDN@BTKMNZFBCNOa@@@@@@@
@B@@?D@LBNHzKD@K@BD@TNEMBZCFBD@CN@TMBLGHIB@ZGOEGMNO]@N@gGK@DK@
MKVKMK@B@@PB]@NEKCLKMIB@KSZOGDF^NUKCEK@NBD@DKWGFCEKD@DKWUKCEBD@@
N@NMEKD@ZCFZND@@
\@OF^MBD@LK@^NOBM@NMEDEFZB]@OFEKMeMFB@BG@_GUNCDEFZB@
Z@UDFZN@KMGLFEN@BG@FCDEMGUKCENO@
L@KSTBDFHzKD@LK@NMEKD@^FDGNFD@@
K@LBNHzKD@LK@NZKM^BD@TNMN@\F\OFBEKZND@T\OFZND]@UGDKGD]@NMf
gGF^BD@T\OFZBD@K@ZFCKUNEKZND]@\KU@ZBUB@EMKFCNUKCEB@LK@TKDDBNO@
K@NgGFDFHIB@LK@KgGFTNUKCEBD@TNMN@N@UNCGEKCHIB@LKDDKD@NZKM^BD@@@@@
nuvxwo}xnwsnxvjmnqrksijtxvpqjmnsnyrwsxxkxvpqjmnwsn
ZGMEN@K@ULFN@UKEMNWKU@K@TMKDKM^NHIB@K@LFVGDIB@LB@NZKM^B@NGLFBf
^FDGNO@K@
W@TMKDKM^NHIB@LB@TNEMFUYCFB@ZGOEGMNO@UNEKMFNO@K@FUNEKMFNOa@@
_@ZBCDEMGHIB@K@UNCGEKCHIB@LK@DNOND@LK@ZFCKUN@K@EKNEMB]@gGK@
TBLKMIB@VGCZFBCNM@ENU\U@ZBUB@ZKCEMBD@ZGOEGMNFD@ZBUGCFEeMFBD]@
sin okrqurxmnqxiniskxmnwsn
nqsinir~nljrtjktsmnkf
ZOGLB@TKON@KF@C@PPa]@LK@22R
@@@@@@@
@?MEa@PQa@@bD@TMBKEBD@ZGOEGMNFD@TMK^FDEBD@CKDEN@KF@DKMIB@NTMKf
msktjwxmnjxn rkrmtvrxnwjno~tovj|nxonjnosinsmtsnws~sjvnjtvrorf
HIB]@NZBUTNC_NLBD@LB@BMHNUKCEB@NCNOEFZB]@TNMN@NTMB^NHIB@LK@DKG@
KCgGNLMNUKCEB@CBD@B\KEF^BD@LB@{b?Aa@
@PBnnnuvxuxksktsnmsvnkxtrpqjwxnwxmnixtryxmnwjnwsqrm}xn
gGK@CIB@EKC_N@NTMB^NLB@B@TMBKEB]@CB@TMNhB@UeSFUB@LK@ZFCZB@LFNDa@
@Bnnjnkxtrpqj}xnjnosnmsnvssvsnxnujvvjxnjktsvrxv|nqjsvn
uswrwxnwsnvsqxkmrwsvj}xnjxn rkrmtvxnwsnmtjwxnwjno~tovj|njnmsvn
LKZFLFLB@CB@TMNhB@LK@DKDDKCEN@LFNDa@@
@@KENLB
@@KENLB
@@KENLB
nnnjuvxyj}xnmxisktsntsvnspqqrjnjumnuo~rqj}xnwsnjtxn
xpqrj~nqxktskwxnxntto~xnwxnuvxstxnjuvxyjwxnsnjnrkmtrtor}xnuxvn
KOK@MKDTBCDe^KO]@B@^NOBM@NGEBMFhNLB@TNMN@B\EKCHIB@LK@LBNHIB@BG@
TNEMBZCFB@K@B@TMNhB@LK@^NOFLNLK@LN@NGEBMFhNHIBa
@Bnnn rkrmtvrxnwjno~tovjnuo~rqjvnjkoj~iskts|njtnZnwsn
sysvsrvx|nxnixktjktsnwxmnvsqovmxmnjotxvrjwxmnus~xn rkrmtvrxnwjn
jskwjnujvjnjnvskkqrjnpmqj~nkxnssvqqrxnjktsvrxv|nwsyrwjisktsn
wrmqvrirkjwxmnuxvnskspqrvrx@


@RB@@{NMN@N@NTMB^NHIB@LBD@TMBKEBD@DKMe@B\DKM^NLB@B@TMFCZTFB@
wjnk}xqxkqsktvj}xnuxvnmsisktxnsnuxvnskspqrvrx|njnmsvnjsvrwxn
TKOB@UBCENCEK@LK@MKZGMDBD]@TKON@gGNCEFLNLK@LK@TMBKEBD]@TKON@
MKDTKZEF^N@ZNTNZFLNLK@KSKZGEF^N@K@TKON@LFDTBCF\FOFLNLK@LB@^NOBM@
jmx~otxnjkoj~nwsnvskkqrjnpmqj~n@
@@@@@@@@
?MEa@2a@bD@TMBKEBD@NTMB^NLBD@CN@VBMUN@LB@NMEFWB@NCEKMFBM@
DKMIB]@LGMNCEK@DGN@KSKZGHIB]@NZBUTNC_NLBD@K@N^NOFNLBD@TKON@A
{@BG@TBM@gGKU@MKZK\KM@N@LKOKWNHIB@LKDEND@NEMF\GFHzKDa
@P@?@A{]@NTcD@B@EMUFCB@LN@KSKZGHIB@LBD@TMBKEBD@
TMK^FDEBD@CKDEK@NMEFWB]@LK^KMe]@CB@TMNhB@LK@DKFD@UKDKD]@VNhKM@
oijnjyj~rj}xnpkj~nwjnju~rqj}xnqxvvstjnwxmnvsqovmxmnvsqsrwxm|n
TBLKCLB@FCN\FOFENM@DKGD@MKDTBCDe^KFD@TKOB@TMNhB@LK@NE@EMD@NCBDa
@@B@@N@LKZFDIB@N@gGK@DK@MKVKMK@B@TNMeWMNVB@NCEKMFBM]@ZN\KMe@
uswrwxnwsnvsqxkmrwsvj}xnjxn rkrmtvxnwsnmtjwxnwjno~tovj|njnmsvn
LKZFLFLB@CB@TMNhB@LK@DKDDKCEN@LFNDa@
@@b@MF\GCNO@LK@ABCEND@LN@CFIB@FCZOGFMe@KU@DKG@TNMKZKM@
TM^FB@DB\MK@ND@ZBCEND@LB@{MKDFLKCEK@LN@KT\OFZN@NCeOFDK@MKONEF^N@
N@N^NOFNHIB@LK@gGK@EMNEN@KDEK@NMEFWBa
@@@@@@@@
?MEa@Pa@?D@KCEFLNLKD@FCZKCEF^NLBMND@K@ZNTENLBMND@LK@gGK@EMNEN@
KDEK@ANTEGOB@LK^KMIB@ZBUGCFZNM]@CN@VBMUN@gGK@^KC_N@N@DKM@KDEFf
uo~jwjnus~xn rkrmtvrxnwjnqxkxirj|njskwjnsn~jksjisktx|nsn
"|nxmnjuxvtsmnpkjkqsrvxmnvsj~rjwxmnsnvsqsrwxm|nsinqxixn
ND@KCEFLNLKD@ZNTENLBMND@KVKEGNM@N@ZBUTMB^NHIB@LK@DGN@NTOFZNHIBa
@@@@@@@@
?MEa@a@bD@TMBKEBD@KCgGNLMNLBD@CBD@B\KEF^BD@LKDEN@OKF@CIB@
TBLKMIB@DKM@B\KEB@LK@NTMKZFNHIB@DG\KEF^N@gGNCEB@NB@DKG@^NOBM@NMf
EDEFZB@BG@ZGOEGMNOa
@@@@@@@@
vtnnjvjnxmnpkmnwsmtjn~sr|nqxkmrwsvjms
@f@KENLB
nnujtvxqkrxnjntvjkmsv3kqrjnwsnkoisvvrx|nqxinpkj~rwjwsn
TMBUBZFBCNO@BG@N@ZB\KMEGMN]@TKOB@ZBCEMF\GFCEK@LB@FUTBDEB@DB\MK@N@
MKCLN@K@TMB^KCEBD@LK@gGNOgGKM@CNEGMKhN]@LK@WNDEBD]@BG@N@GEFOFhNHIB@
LK@\KU@Uc^KO@BG@FUc^KO@LB@DKG@TNEMFUYCFB]@DKU@N@EMNCDVKMCZFN@
LK@LBUCFB]@TNMN@N@MKNOFhNHIB]@TBM@BGEMN@TKDDBN@VDFZN@BG@GMLFZN@
wsnjtryrwjwsnqo~tovj~nqxinxonmsinpkj~rwjwsn~oqvjtryjnuvsyrmtjnkxn
NMEa@@LKDEN@OKFa
@PB@@ABCDEFEGF@FCVMNHIB@N@KDEN@KF@B@MKZK\FUKCEB@TKOB@
ujtvxqrkjwxv|nwsnoj~osvnyjktjsinpkjkqsrvjnxonijtsvrj~nsin
LKZBMMCZFN@LB@TNEMBZCFB@gGK@KVKEGNMa
@Bnnmntvjkmsv3kqrjmnwspkrwjmnksmtsnjvtrxnk}xnsmt}xnmosrtjmn
NB@MKZBO_FUKCEB@LB@UTBDEB@DB\MK@N@KCLN@CN@VBCEKa
@@@@@@@@
vtnnnjvjnxmnpkmnwsmtsnjuto~x|nsorujvjimsnjnwxjsm|n
CBD@EKMUBD@LB@MKWGONUKCEB
@f@LFDEMF\GFHzKD@WMNEGFEND@LK@FCWMKDDBD@TNMN@K^KCEBD@LK@ZNMeEKM@
NMEDEFZBfZGOEGMNO@TBM@TKDDBN@GMLFZN@N@DKGD@KUTMKWNLBD@K@LKTKCf
LKCEKD@OKWNFD
@f@LKDTKDND@KVKEGNLND@TBM@TKDDBND@VDFZND@BG@GMLFZND@ZBU@B@
B\KEF^B@LK@ZBCDKM^NM]@TMKDKM^NM@BG@MKDENGMNM@\KCD@LK@DGN@TMBTMFKf
LNLK@BG@DB\@DGN@TBDDK@OKWEFUN]@EBU\NLBD@TKOB@!B^KMCB@JKLKMNO]@
LKDLK@gGK@NEKCLFLND@ND@DKWGFCEKD@LFDTBDFHzKD
jnuvs~rirkjvnwspkr}x|nus~xnkmtrtotxnvjmr~srvxnwxnjtvrif
krxno~tovj~nn|nwjmnkxvijmnsnqvrtvrxmntqkrqxmnosnwsysv}xn
MKWKM@BD@TMBKEBD@K@BMHNUKCEBD@LK@gGK@EMNEN@KDEK@FCZFDB
njuvxyj}xnuvyrj|nus~xn|nwxmnuvxstxmnsnvsmusqtryxmn
BMHNUKCEBD@LK@KSKZGHIB@LND@B\MND
77

qnuxmtsvrxvnqsvtrpqj}x|nus~xnvssvrwxnv}x|nwjmnwsmusmjmnssf
EF^NUKCEK@MKNOFhNLND@K@LND@ZFMZGCDECZFND@LK@EKMKU@DFLB@ND@B\MND@
KSKZGENLND@LK@NZBMLB@ZBU@BD@TMBKEBD@NTMB^NLBDa
@@@@@@@@
?MEa@a@@bD@TMBKEBD@N@DKMKU@NTMKDKCENLBD@TBM@TKDDBND@VDFZND@
xonusmmxjmnovwrqjm|nwsnkjtovsjnqo~tovj~nujvjnpkmnwsnrkqsktryx|n
B\KEF^NMIB@LKDKC^BO^KM@ND@VBMUND@LK@KSTMKDDIB]@BD@UBLBD@LK@ZMFNM@
K@VNhKM]@BD@TMBZKDDBD@LK@TMKDKM^NHIB@K@TMBEKHIB@LB@TNEMFUYCFB@ZGOf
EGMNO@\MNDFOKFMB]@K@BD@KDEGLBD@K@UEBLBD@LK@FCEKMTMKENHIB@LN@MKNOFf
LNLK@ZGOEGMNO]@\KU@ZBUB@ZBCEMF\GFM@TNMN@TMBTFZFNM@UKFBD]@`@TBTGf
ONHIB@KU@WKMNO]@gGK@TKMUFENU@B@ZBC_KZFUKCEB@LBD@\KCD@LK@^NOBMKD@
NMEDEFZBD@K@ZGOEGMNFD]@ZBUTMKKCLKCLB]@KCEMK@BGEMBD]@BD@DKWGFCEKD@
DKWUKCEBD
@f@EKNEMB]@LNCHN]@ZFMZB]@cTKMN]@UUFZN@K@ZBCWCKMKD
nnuvxwo}xnqrksijtxvpqj|nyrwsxvpqj|nxtxvpqj|nwrmf
qxvpqjnsnqxk3ksvsm
@f@OFEKMNEGMN]@FCZOGDF^K@B\MND@LK@MKVKMCZFN
@f@UDFZN
nnjvtsmnu~mtrqjm|njvtsmnvpqjm|nvjyovjm|nqjvtjsm|np~jts~rjnsn
BGEMND@ZBCWCKMKD
@f@VBOZOBMK@K@NMEKDNCNEB
@f@TNEMFUYCFB@ZGOEGMNO]@FCZOGDF^K@_FDEcMFZB]@NMgGFEKEYCFZB]@
NMgGKBOcWFZB]@\F\OFBEKZND]@UGDKGD]@NMgGF^BD@K@LKUNFD@NZKM^BD
@f@_GUNCFLNLKD@K
@@@f@MeLFB@K@EKOK^FDIB]@KLGZNEF^ND@K@ZGOEGMNFD]@LK@ZNMeEKM@CIBf
ZBUKMZFNOa
@{NMeWMNVB@CFZBa@@bD@TMBKEBD@ZGOEGMNFD@MKONZFBCNLBD@
qxinxmnmsisktxmnwxnrkqrmxnnwsmtsnjvtrxnwsysv}xnskspqrjvn
KSZOGDF^NUKCEK@ND@TMBLGHzKD@FCLKTKCLKCEKD]@\KU@ZBUB@ND@
TMBLGHzKD@ ZGOEGMNFDfKLGZNEF^ND@ LK@ ZNMeEKM@ CIB@ ZBUKMZFNO]@
MKNOFhNLND@TBM@KUTMKDND@LK@MeLFB@K@EKOK^FDIBa@KLNHIB@LNLN@TKON@
KF@C@QaR]@LK@PQQQ
@@@@@@@@
?MEa@a@@b@LBNLBM@BG@TNEMBZFCNLBM@TBLKMe@LKLGhFM@LB@FUTBDEB@
LK^FLB@CN@LKZONMNHIB@LB@UTBDEB@DB\MK@N@KCLN@BD@^NOBMKD@KVKEFf
^NUKCEK@ZBCEMF\GLBD@KU@VN^BM@LK@TMBKEBD@ZGOEGMNFD@NTMB^NLBD@LK@
NZBMLB@ZBU@BD@LFDTBDFEF^BD@LKDEN@KF]@EKCLB@ZBUB@\NDK@BD@DKWGFCf
EKD@TKMZKCEGNFD@
@f@CB@ZNDB@LND@TKDDBND@VDFZND]@BFEKCEN@TBM@ZKCEB@LND@LBNHzKD@K@
DKDDKCEN@TBM@ZKCEB@LBD@TNEMBZCFBD
@f@CB@ZNDB@LND@TKDDBND@GMLFZND@EMF\GENLND@ZBU@\NDK@CB@OGZMB@
MKNO]@gGNMKCEN@TBM@ZKCEB@LND@LBNHzKD@K@EMFCEN@TBM@ZKCEB@LBD@TNEMBf
ZCFBDa
@PB@@?@TKDDBN@GMLFZN@EMF\GENLN@ZBU@\NDK@CB@OGZMB@MKNO@TBLKMe@
N\NEKM@ND@LBNHzKD@K@TNEMBZCFBD@ZBUB@LKDTKDN@BTKMNZFBCNOa
@B@@b@^NOBM@UeSFUB@LND@LKLGHzKD@LK@gGK@EMNEN@B@@LKDEK@
jvtrxnmsvnpjwxnjkoj~isktsnus~xnvsmrwsktsnwjnsu~rqj|nqxin
\NDK@KU@GU@TKMZKCEGNO@LN@MKCLN@EMF\GEe^KO@LND@TKDDBND@VDFZND@K@
LB@FUTBDEB@LK^FLB@TBM@TKDDBND@GMLFZND@EMF\GENLND@ZBU@\NDK@CB@
OGZMB@MKNOa
@B@@bD@\KCKVZFBD@LK@gGK@EMNEN@KDEK@NMEFWB@CIB@KSZOGKU@BG@
MKLGhKU@BGEMBD@\KCKVZFBD]@N\NEFUKCEBD@K@LKLGHzKD@KU@^FWBM]@KU@
KDTKZFNO@ND@LBNHzKD@N@KCEFLNLKD@LK@GEFOFLNLK@T\OFZN@KVKEGNLND@TBM@
TKDDBND@VDFZND@BG@GMLFZNDa
@B@@?b
@B@@b@{BLKM@SKZGEF^B@KDEN\KOKZKMe@UKZNCFDUB@LK@
TMKDKM^NHIB@LB@^NOBM@MKNO@LND@ZBCEMF\GFHzKD@KU@VN^BM@LK@TMBKEBD@
ZGOEGMNFD]@MKONEF^NUKCEK@N@KDEK@ANTEGOBa


@@@@@@@@?MEa@a@@?@LBNHIB@BG@B@TNEMBZCFB@CIB@TBLKMe@DKM@KVKEGNLN@
N@TKDDBN@BG@FCDEFEGFHIB@^FCZGONLN@NB@NWKCEKa
@PB@@ABCDFLKMNUfDK@^FCZGONLBD@NB@LBNLBM@BG@TNEMBZFCNLBM
N@N@TKDDBN@GMLFZN@LN@gGNO@B@LBNLBM@BG@TNEMBZFCNLBM@DKN@EFEGf
ONM]@NLUFCFDEMNLBM]@WKMKCEK]@NZFBCFDEN@BG@DcZFB]@CN@LNEN@LN@BTKMNHIB]@
BG@CBD@LBhK@UKDKD@NCEKMFBMKD
nxnqkos|nxmnujvsktsmnjtnxntsvqsrvxnvjo|nrkq~omrysnxmnjpkm|n
K@BD@LKTKCLKCEKD@LB@LBNLBM@BG@TNEMBZFCNLBM@BG@LBD@EFEGONMKD]@NLf
UFCFDEMNLBMKD]@NZFBCFDEND@BG@DcZFBD@LK@TKDDBN@GMLFZN@^FCZGONLN@NB@
LBNLBM@BG@TNEMBZFCNLBM]@CBD@EKMUBD@LN@NOCKN@NCEKMFBM
Z@BGEMN@TKDDBN@GMLFZN@LN@gGNO@B@LBNLBM@BG@TNEMBZFCNLBM@DKN@
DcZFBa
@B@@IB@DK@ZBCDFLKMNU@^FCZGONLND@ND@FCDEFEGFHzKD@ZGOEGMNFD@
msinpkmn~oqvjtryxm|nqvrjwjmnus~xnwxjwxvnxonujtvxqrkjwxv|nwsmwsn
gGK@LK^FLNUKCEK@ZBCDEFEGLND@K@KU@VGCZFBCNUKCEB]@CN@VBMUN@LN@
OKWFDONHIB@KU@^FWBMa@
@@@@@@@@
?MEa@Ra@@KC_GUN@NTOFZNHIB@LBD@MKZGMDBD@TMK^FDEBD@CKDEN@KF@
TBLKMe@DKM@VKFEN@NEMN^D@LK@gGNOgGKM@EFTB@LK@FCEKMUKLFNHIBa
{NMeWMNVB@CFZBa@@?@ZBCEMNENHIB@LK@DKM^FHBD@CKZKDDeMFBD@`@KONf
\BMNHIB@LK@TMBKEBD@TNMN@N@B\EKCHIB@LK@LBNHIB]@TNEMBZCFB@BG@FCf
^KDEFUKCEB]@\KU@ZBUB@N@ZNTENHIB@LK@MKZGMDBD@BG@N@DGN@KSKZGHIB@
uxvnusmmxjnovwrqjnwsnkjtovsjnqo~tovj~|nk}xnqxkpovjnjnrktsvisf
LFNHIB@MKVKMFLN@CKDEK@NMEFWBa@@
@@@@@@@@
?MEa@Qa@@bD@MKZGMDBD@TMB^KCFKCEKD@LK@LBNHzKD@BG@TNEMBZCFBD@
LK^KMIB@DKM@LKTBDFENLBD@K@UB^FUKCENLBD]@KU@ZBCEN@\NCZeMFN@KDTKf
qpqj|nsinkxisnwxnskspqrvrx|nsnjnvsmusqtryjnuvsmtj}xnwsnqxktjmn
LK^KMe@DKM@VKFEN@CBD@EKMUBD@LB@MKWGONUKCEB@LN@TMKDKCEK@KFa
jvvjxnkrqxnn9}xnmsv}xnqxkmrwsvjwjm|nujvjnpkmnwsnqxif
TMB^NHIB@LB@FCZKCEF^B]@ND@ZBCEMF\GFHzKD@KU@MKONHIB@`D@gGNFD@CIB@DK@
B\DKM^K@KDEN@LKEKMUFCNHIBa
@@@@@@@@
?MEa@2a@@?D@FCVMNHzKD@NBD@LFDTBDFEF^BD@LKDEK@ZNTEGOB]@DKU@TMKf
GhB@LND@DNCHzKD@TKCNFD@ZN\^KFD]@DGKFENMIB@B@LBNLBM@BG@TNEMBZFf
CNLBM@NB@TNWNUKCEB@LB@^NOBM@NEGNOFhNLB@LB@UTBDEB@DB\MK@N@KCLN@
wsyrwxnsinvs~j}xnjnqjwjnssvqqrxnpkjkqsrvx|nj~inwjmnuskj~rwjf
LKD@K@LKUNFD@NZMDZFUBD@TMK^FDEBD@CN@OKWFDONHIB@gGK@MKWK@N@KDTZFKa
@PB@@{NMN@BD@KVKFEBD@LKDEK@NMEFWB]@ZBCDFLKMNfDK@DBOFLNMFNUKCEK@
vsmuxkmys~nuxvnrkjwriu~3kqrjnxonrvvso~jvrwjwsnysvrpqjwjnjn
TKDDBN@VDFZN@BG@GMLFZN@TMBTBDFEBMN@LB@TMBKEBa@@
@B@@?@KSFDECZFN@LK@TKCLCZFND@BG@FMMKWGONMFLNLKD@CN@
ssqo}xnwsnuvxstxmnwjnuvxuxksktsnoktxnjxn rkrmtvrxnwjno~tovjn
DGDTKCLKMe@N@NCeOFDK@BG@ZBCZKDDIB@LK@CB^BD@FCZKCEF^BD]@NE@N@
KVKEF^N@MKWGONMFhNHIBa/@
@B@@KU@TMKGhB@LB@TNMeWMNVB@NCEKMFBM]@NTOFZNfDK]@CB@gGK@
ZBG\KM]@ZGUGONEF^NUKCEK]@B@LFDTBDEB@CBD@NMEDa@R@K@DKWGFCEKD@LKDEN@
KFa@
pX%$n@
?@{bkl@!?@@??
@@@@@@@@
vtn
nnxinjnpkj~rwjwsnwsnjvjktrvnjnujvtrqruj}xnqxiof
krtvrj|njnvsuvsmsktj}xnwsnjvtrmtjnsnqvrjwxvsmnkxntvjtxnxpqrj~nwxmn
NDDGCEBD@LN@ZGOEGMN@K@N@BMWNCFhNHIB@CNZFBCNO@DFDEUFZN@LN@eMKN]@B@
!B^KMCB@JKLKMNO@KDEFUGONMe@N@FCDEFEGZFBCNOFhNHIB@LK@ABCDKO_BD@LK@
o~tovjnkxnrmtvrtxnswsvj~|nkxmnmtjwxm|nsnkxmn okrqurxm
@@@@@@@@
vtn
nnjvjnxmnssrtxmnwsmtjn$sr|npqjinvsqxklsqrwxmnqxixn
78

UNCFVKDENHIB@ZGOEGMNO@N@UDFZN@WBDTKO@K@BD@K^KCEBD@N@KON@MKONZFBf
CNLBD]@KSZKEB@NgGKOKD@TMBUB^FLBD@TBM@FWMKNDa@CZOGLN@TKON@KF@
C@PaQ2]@LK@2PP
@@@@@@@@
?MEa@a@@JFZN@FCDEFEGLN@N@ABUFDDIB@NZFBCNO@LK@FCZKCEF^B@`@
AGOEGMN@f@AA]@ZBU@N@DKWGFCEK@ZBUTBDFHIB
@f@B@KZMKEeMFB@LN@AGOEGMN@LN@{MKDFLCZFN@LN@KT\OFZN
@f@BD@{MKDFLKCEKD@LND@KCEFLNLKD@DGTKM^FDFBCNLND@TKON@A
{
@f@B@{MKDFLKCEK@LN@KCEFLNLK@CNZFBCNO@gGK@ZBCWMKWNM@BD@KZMKf
EeMFBD@LK@AGOEGMN@LND@CFLNLKD@JKLKMNLND
@f@GU@MKTMKDKCENCEK@LB@KUTMKDNMFNLB@\MNDFOKFMB
@f@DKFD@MKTMKDKCENCEKD@LK@KCEFLNLKD@NDDBZFNEF^ND@LBD@DKEBMKD@
ZGOEGMNFD@K@NMEDEFZBD@LK@U\FEB@CNZFBCNOa
@PB@@?@AA@DKMe@TMKDFLFLN@TKON@NGEBMFLNLK@MKVKMFLN@CB@FCZFDB@
nwsmtsnjvtrxnos|nujvjnpkmnwsnwsmsiujtsntsvnxnyxtxnwsnoj~rwjws
@B@@bD@UNCLNEBD]@N@FCLFZNHIB@K@N@KDZBO_N@LBD@MKTMKDKCENCEKD@
N@gGK@DK@MKVKMKU@BD@FCZFDBD@@K@@LKDEK@NMEFWB]@NDDFU@ZBUB@N@
qxiust3kqrjnwjn9|nmsv}xnsmtruo~jwxmnsnwspkrwxmnus~xn
MKWGONUKCEB@LKDEN@KFa
@@@@@@@@
vtnnnn"|nqxinjnpkj~rwjwsnwsnsmtrio~jvnsnyj~xvrjvn
N@NMEK@K@N@ZGOEGMN]@KDEN\KOKZKMe@GU@DFDEKUN@LK@TMKUFNHIB@NCGNO@gGK@
vsqxklsjnjmnqxktvrorsmnijrmnmrkrpqjtryjmnujvjnjnvsj
@f@LK@NMEFDEND@BG@WMGTBD@LK@NMEFDEND@\MNDFOKFMBD@BG@MKDFLKCEKD@CB@
vjmr~|nus~xnqxkoktxnwsnmojnxvjnxonuxvnxvjmnrkwryrwojrm
nnwsnuvxpmmrxkjrmnwjnvsjnwxnujtvrikrxnqo~tovj~
@f@LK@KDEGLFBDBD@K@NGEBMKD@CN@FCEKMTMKENHIB@ZMEFZN@LN@ZGOEGMN@
CNZFBCNO]@NEMN^D@LK@KCDNFBD]@KDEGLBD@K@TKDgGFDNDa
@@@@@@@@
vtnnnrqjnrkmtrtowjnjnvwsinwxn vrtxno~tovj~|nqoxnsmf
ENEGEB@DKMe@NTMB^NLB@TBM@KZMKEB@LB@{BLKM@SKZGEF^B]@DKCLB@gGK@
ND@LFDEFCHzKD@DKMIB@ZBCZKLFLND@TKOB@{MKDFLKCEK@LN@KT\OFZN]@KU@
jtxnmx~sks|njnusmmxjmnos|nuxvnmojnjtoj}xnuvxpmmrxkj~nxonqxixn
FCZKCEF^NLBMND@LND@NMEKD@K@LN@ZGOEGMN]@UKMKHNU@MKZBC_KZFUKCEBa@@
@@@@@@@@
?MEa@a@@bD@MKZGMDBD@LKDEFCNLBD@NB@KCEIB@JGCLB@LK@{MBUBHIB@
AGOEGMNO]@CBD@EKMUBD@LB@NMEa@PB]@@B]@LN@KF@CB@a2]@LK@@LK@GO_B@
LK@PQR]@DKMIB@MKZBO_FLBD@NB@KDBGMB@NZFBCNO@TNMN@NTOFZNHIB@TKOB@
9|nxmsvyjwjnjnmojnpkj~rwjws
@@@@@@@@
vtnnnnsujvtjisktxnwjnsqsrtjnswsvj~|nwxn rkrmtvrxnwjn
ZBCBUFN]@JNhKCLN@K@{ONCKNUKCEB]@CB@KSKMZZFB@LK@DGND@NEMF\GFf
smnsmusqpqjm|npmqj~rjvnjnsstryjnssqo}xnwsmtjn$sr|nkxnosnmsn
vssvsnnju~rqj}xnwsnrkqsktryxmnpmqjrmnks~jnuvsyrmtxm
@@@@@@@@
vtnnnnxwsvnsqotryxnjnpinwsnjtskwsvnxnwrmuxmtxnkxn
NMEa@]@@B]@LKDEN@KF]@NLKgGNCLBfB@`D@LFDTBDFHzKD@LN@KF@LK@Ff
vstvrsmnvjisktvrjm|nskyrjv|nkxnuvjxnwsnnwrjm|n skmjsin
jxnxkvsmmxn9jqrxkj~|nsmtjs~sqskwxnxntxtj~nwjnvskkqrjnpmqj~nsn
ZBMMKDTBCLKCEK@ZNCZKONUKCEB@LK@LKDTKDND@BMHNUKCEeMFNDa
@@@@@@@@
?MEa@Ra@@N@_FTcEKDK@LK@LBOB]@VMNGLK@BG@DFUGONHIB]@FCZOGDF^K@
CB@ZNDB@LK@LKD^FB@LK@B\KEB]@DKMe@NTOFZNLN]@NB@LBNLBM@K@NB@\KCKf
pqrvrx|nio~tjnqxvvsmuxkwsktsnjnwojmnyssmnxnyj~xvnwjnyjktjsin
MKZK\FLN@FCLK^FLNUKCEKa
@@@@@@@@
?MEa@Qa@@ABCDEFEGF@ZMFUK]@TGC^KO@ZBU@N@MKZOGDIB@LK@LBFD@N@
DKFD@UKDKD@K@UGOEN@LK@^FCEK@TBM@ZKCEB@LB@^NOBM@LB@TMBKEB]@gGNOgGKM@


LFDZMFUFCNHIB@LK@CNEGMKhN@TBOEFZN@gGK@NEKCEK@ZBCEMN@N@OF\KMLNLK@LK@
KSTMKDDIB]@LK@NEF^FLNLK@FCEKOKZEGNO@K@NMEDEFZN]@LK@ZBCDZFCZFN@BG@
ZMKCHN]@CB@NCLNUKCEB@LBD@TMBKEBD@N@gGK@DK@MKVKMK@KDEN@KFa
@@@@@@@@
?MEa@2a@@ABCDEFEGF@ZMFUK]@TGC^KO@ZBU@MKZOGDIB@LK@LBFD@N@DKFD@
UKDKD@K@UGOEN@LK@^FCEK@TBM@ZKCEB@LB@^NOBM@LB@TMBKEB]@B\EKM@MKLGHIB@
LB@FUTBDEB@LK@MKCLN@GEFOFhNCLBfDK@VMNGLGOKCENUKCEK@LK@gGNOgGKM@
\KCKVZFB@LKDEN@KFa
@PB@@B@ZNDB@LK@TKDDBN@GMLFZN@MKDTBCLKU@TKOB@ZMFUK@B@
NZFBCFDEN@ZBCEMBONLBM@K@BD@NLUFCFDEMNLBMKD@gGK@TNMN@KOK@EKC_NU@
ZBCZBMMFLBa
@B@@N@UKDUN@TKCN@FCZBMMK@NgGKOK@gGK]@MKZK\KCLB@MKZGMDBD]@
\KCD@BG@^NOBMKD@KU@VGCHIB@LKDEN@KF]@LKFSN@LK@TMBUB^KM]@DKU@GDEN@
ZNGDN]@NEF^FLNLK@ZGOEGMNO@B\KEB@LB@FCZKCEF^Ba
@@@@@@@@
?MEa@Pa@b@{BLKM@SKZGEF^B]@CB@TMNhB@LK@DKDDKCEN@LFND]@KWGf
ONUKCENMe@N@TMKDKCEK@OKFa
@@@@@@@@
?MEa@a@DEN@OKF@KCEMN@KU@^FWBM@CN@LNEN@LK@DGN@TG\OFZNHIBa
@@@@@@@@
?MEa@a@K^BWNUfDK@ND@LFDTBDFHzKD@KU@ZBCEMeMFBa
@@@@@@@@
vjm~rj|nnwsnwssivxnwsn
##
n
nwjnkwsuskw3kqrjnsn
P2@LN@KT\OFZNa
J?b@Abb
)()+))('301
DEK@EKSEB@CIB@DG\DEFEGF@B@TG\OFZNLB@CB@abaa@LK@aPaPQQP@
61741235 5x~{5615~5615
495615}}x
55555555
KWGONUKCEN@N@KF@CB@RaP]@LK@@LK@LKhKU\MB@LK@PQQP]@KDENf
\KOKZK@DFDEKUeEFZN@LK@KSKZGHIB@LB@{MBWMNUN@NZFBCNO@LK@?TBFB@`@
AGOEGMN@f@{b?A@K@Le@BGEMND@TMB^FLCZFNDa
3541061 2156
54197
]@CB@GDB@LND@NEMF\GFHzKD@
gGK@O_K@ZBCVKMK@B@NMEa@R]@FCZFDBD@@K@]@NOCKN@XN[]@LN@ABCDEFEGFf
HIB]@K@EKCLB@KU@^FDEN@B@LFDTBDEB@CN@KF@CB@RaP]@LK@@LK@LKhKU\MB@
LK@PQQP]
617412

pX%$n
?@{bkl@!?

@@@@@@@@
?MEa@PB@@b@{MBWMNUN@NZFBCNO@LK@?TBFB@`@AGOEGMN@f@{b?A@
LKDKC^BO^KMfDKfe@UKLFNCEK@N@MKNOFhNHIB@LK@TMBWMNUND]@TMBKEBD@K@
NHzKD@ZGOEGMNFD@gGK@ZBCZMKEFhKU@BD@TMFCZTFBD@LN@ABCDEFEGFHIB]@KU@
KDTKZFNO@DKGD@jvtmn
nsn
|nsnosnjtskwjinmnpkj~rwjwsmnuvsf
^FDEND@CB@NMEa@PB@K@N@TKOB@UKCBD@GU@LBD@B\KEF^BD@FCLFZNLBD@CB@NMEa@
B@LN@KF@CB@RaP]@LK@@LK@LKhKU\MB@LK@PQQPa
@@@@@@@@
?MEa@B@@N@KSKZGHIB@LB@{b?A]@DKMIB@NTBFNLBD@TMBWMNUND]@
uvxstxmnsnjsmnqo~tovjrmnwsmtrkjwxmnmnmsorktsmnpkj~rwjwsm
@f@^NOBMFhNM@N@ZGOEGMN@CNZFBCNO]@ZBCDFLKMNCLB@DGND@^eMFND@UNf
EMFhKD@K@VBMUND@LK@KSTMKDDIB
@f@KDEFUGONM@N@KSTMKDDIB@ZGOEGMNO@LBD@LFVKMKCEKD@WMGTBD@K@ZBf
UGCFLNLKD@gGK@ZBUTzKU@N@DBZFKLNLK@\MNDFOKFMN
7?

@f@^FN\FOFhNM@N@KSTMKDDIB@ZGOEGMNO@LK@EBLND@ND@MKWFzKD@LB@{ND@
K@DGN@LFVGDIB@KU@KDZNON@CNZFBCNO
@f@TMBUB^KM@N@TMKDKM^NHIB@K@B@GDB@DGDEKCEe^KO@LB@TNEMFUYf
CFB@ZGOEGMNO@\MNDFOKFMB@KU@DGN@LFUKCDIB@UNEKMFNO@K@FUNEKMFNO
@f@FCZKCEF^NM@N@NUTOFNHIB@LB@NZKDDB@LN@TBTGONHIB@`@VMGFHIB@K@
`@TMBLGHIB@LBD@\KCD@ZGOEGMNFD
nnxisktjvnjtryrwjwsmnqo~tovjrmnjpvijtryjmnosnomosin
KMMNLFZNM@EBLND@ND@VBMUND@LK@LFDZMFUFCNHIB@K@TMKZBCZKFEB
@f@LKDKC^BO^KM@NEF^FLNLKD@gGK@VBMENOKHNU@K@NMEFZGOKU@ND@
ZNLKFND@TMBLGEF^ND@K@BD@NMMNCBD@TMBLGEF^BD@OBZNFD@gGK@VBMUNU@N@
KZBCBUFN@LN@ZGOEGMN
@f@NTBFNM@ND@NEF^FLNLKD@ZGOEGMNFD@LK@ZNMeEKM@FCB^NLBM@BG@
KSTKMFUKCENO
@f@FUTGODFBCNM@N@TMKTNMNHIB@K@B@NTKMVKFHBNUKCEB@LK@MKZGMf
DBD@_GUNCBD@TNMN@N@TMBLGHIB@K@N@LFVGDIB@ZGOEGMNO
@f@TMBUB^KM@N@LFVGDIB@K@N@^NOBMFhNHIB@LND@KSTMKDDzKD@ZGOEGf
MNFD@\MNDFOKFMND@CB@KSEKMFBM]@NDDFU@ZBUB@B@FCEKMZU\FB@ZGOEGMNO@ZBU@
BGEMBD@TNDKD
@f@KDEFUGONM@NHzKD@ZBU@^FDEND@N@^NOBMFhNM@NMEFDEND]@UKDEMKD@
LK@ZGOEGMND@EMNLFZFBCNFD]@EZCFZBD@K@KDEGLFBDBD@LN@ZGOEGMN@\MNDFOKFMN
@f@ZBCEMF\GFM@TNMN@N@FUTOKUKCENHIB@LB@{ONCB@NZFBCNO@LK@
AGOEGMN@K@LND@TBOEFZND@LK@ZGOEGMN@LB@!B^KMCB@JKLKMNO@K
>nnjuxrjvnjtryrwjwsmnqxinxotvjmnpkj~rwjwsmnqxiujtysrmn
ZBU@BD@TMFCZTFBD@ZBCDEFEGZFBCNFD@K@BD@B\KEF^BD@TMKZBCFhNLBD@
TKON@KF@CB@Z
|nwsn
##
|njmmrinqxkmrwsvjwjmnus~xn rkrmtvxnwsn
DENLB@LN@AGOEGMNa
@@@@@@@@
?MEa@B@@?@KSKZGHIB@LB@{b?A@LK^KMe@B\KLKZKM@`D@CBMUND]@
LFMKEMFhKD@K@UKEND@KDEN\KOKZFLND@KU@DKG@TONCB@NCGNO]@gGK@LK^KMe@
KDENM@LK@NZBMLB@ZBU@TONCB@TOGMFNCGNO@K@ZBU@N@KF@LK@FMKEMFhKD@
bMHNUKCEeMFNDa
{NMeWMNVB@CFZBa@@b@TONCB@NCGNO@LK@gGK@EMNEN@KDEK@NMEFWB@DKMe@
s~jxvjwxnus~xn rkrmtvrxnwjno~tovj|nosnxnuo~rqjvnjtnxnwrjn
2@LK@CB^KU\MB@LB@NCB@NCEKMFBM@`gGKOK@KU@gGK@^FWBMNMe]@LK@NZBMf
LB@ZBU@B@LFDTBDEB@CN@KF@CB@RaP]@LK@PQQP]@K@CKDEK@KZMKEB]@B\f
DKM^NLND@ND@LFMKEMFhKD@K@UKEND@KDEN\KOKZFLND@CB@{ONCB@NZFBCNO@LK@
AGOEGMNa
@@@@@@@
?MEa@B@@{NMN@BD@KVKFEBD@LKDEK@KZMKEB]@KCEKCLKfDK@TBM
@f@TMBTBCKCEK@ND@TKDDBND@VDFZND@K@ND@TKDDBND@GMLFZND]@Tf
\OFZND@BG@TMF^NLND]@ZBU@NEGNHIB@CN@eMKN@ZGOEGMNO]@gGK@TMBTBC_NU@
uvxvjijm|nuvxstxmnsnjsmnqo~tovjrmnjxn rkrmtvrxnwjno~tovj
nnskspqrvrxnxnuvxuxksktsnwsnuvxvjij|nuvxstxnxonj}xn
ZGOEGMNO@VN^BMKZFLB@TKOB@{b?A
@f@FCZKCEF^NLBM@B@ZBCEMF\GFCEK@LB@UTBDEB@DB\MK@N@KCLN@
K@{MB^KCEBD@LK@gGNOgGKM@CNEGMKhN]@TKDDBN@VDFZN@BG@GMLFZN]@gGK@
KVKEGN@LBNHIB@BG@TNEMBZCFB@KU@VN^BM@LK@TMBWMNUND]@TMBKEBD@K@
jsmnqo~tovjrmnjuvxyjwxmnus~xn rkrmtvrxnwjno~tovj|nqxinyrmtjmnjn
rkqsktryxmnpmqjrm|nqxkxvisnsmtjs~sqrwxnkjn$srnkB@RaP]@LK@PQQP
nnwxj}xnjntvjkmsv3kqrjnwspkrtryjnsnrvvsysvmys~nwsnkof
UKMeMFB@BG@\KCD@KU@VN^BM@LK@TMBTBCKCEK]@TKDDBN@VDFZN@BG@GMLFZN@
msinpkmn~oqvjtryxm|nqoxnuvxvjij|nuvxstxnxonj}xnqo~tovj~ntskljn
mrwxnjuvxyjwxnus~xn rkrmtvrxnwjno~tovj
nnujtvxqkrxnjntvjkmsv3kqrjnwspkrtryjnsnrvvsysvmys~nwsnkof
isvvrxnxonmsvyrxm|nqxinpkj~rwjwsnuvxixqrxkj~|njnqxsvtovjnwsn
WNDEBD@BG@N@GEFOFhNHIB@LK@\KCD@Uc^KFD@BG@FUc^KFD@LB@TNEMBZFCNLBM]@
DKU@N@EMNCDVKMCZFN@LK@LBUCFB]@TNMN@N@MKNOFhNHIB@LK@TMBWMNUN]@
uvxstxnxonj}xnqo~tovj~nosntskljnmrwxnjuvxyjwxnus~xn rkrmtvrxn
LN@AGOEGMN


@f@TKDDBN@GMLFZN@LK@CNEGMKhN@ZGOEGMNO@TKDDBN@GMLFZN]@Tf
~rqjnxonuvryjwj|nqxinxonmsinpkmn~oqvjtryxm|nqoxnjtxnqxkmtrtotryxn
wrmuxkljnsuvsmmjisktsnmxvsnmojnpkj~rwjwsnqo~tovj~ns
@f@TMBLGHIB@ZGOEGMNOfKLGZNEF^N@LK@ZNMeEKM@CIB@ZBUKMZFNO@
NgGKON@MKNOFhNLN@TBM@KUTMKDN@LK@MeLFB@K@EKOK^FDIB@T\OFZN@BG@KDf
ENENOa
@@@@@@@@
?MEa@Bnnn rkrmtvrxnwjno~tovjnuxwsvnsmqx~lsv|niswrjktsn
TMBZKDDB@T\OFZB@LK@DKOKHIB]@BD@TMBWMNUND]@TMBKEBD@K@NHzKD@
qo~tovjrmnjnmsvsinpkjkqrjwxmnus~xmnisqjkrmixmnwspkrwxmnkxnNMEa@
B@LN@KF@CB@RaP]@LK@PQQP]@TBLKCLB@LKDFWCNM@ZBUFED@EZCFZBD@
ujvjnsmmjnpkj~rwjws
@PB@@b@UBCENCEK@LBD@MKZGMDBD@LKDEFCNLBD@NBD@TMBZKDDBD@
u~rqxmnwsnms~s}xnsnjnmojnvsmusqtryjnwrmtvror}xnmsv}xnwspkrwxmn
sinuxvtjvrjnwxn rkrmtvrxnwjno~tovj|nosnmsvnuo~rqjwjnkxnrvrxn
pqrj~nwjn%kr}x|nxmsvyjwxnxnsmtjs~sqrwxnkxnu~jkxnjkoj~nwxn
{b?Aa
@B@@?D@KUTMKDND@TNEMBZFCNLBMND@FCEKMKDDNLND@KU@NLKMFM@NBD@
uvxqsmmxmnms~stryxmnuvxixyrwxmnus~xn rkrmtvrxnwjno~tovjnwsysv}xn
FCVBMUNM]@TMK^FNUKCEK]@B@^BOGUK@LK@MKZGMDBD@gGK@TMKEKCLKU@
FC^KDEFM]@\KU@ZBUB@DGN@eMKN@LK@FCEKMKDDK]@MKDTKFENLBD@B@UBCENCEK@
snjnwrmtvror}xnwxmnvsqovmxmnwspkrwjmnus~xn rkrmtvrxnwjno~tovj
@B@@?@TMBUBHIB@LK@TMBZKDDBD@T\OFZBD@TNMN@DKOKHIB@LK@TMBKEBD@
MKNOFhNLN]@LK@VBMUN@FCLKTKCLKCEK]@TBM@KUTMKDND@TNEMBZFCNLBMND@
wsysvnmsvnuvsyrjisktsnrkxvijwjnjxn rkrmtvrxnwjno~tovj
@@@@@@@@
?MEa@ B@ @ bD@ TMBZKLFUKCEBD@ NLUFCFDEMNEF^BD@ MKONEF^BD@
`@ NTMKDKCENHIB]@ MKZKTHIB]@ DKOKHIB]@ NCeOFDK]@ NTMB^NHIB]@
NZBUTNC_NUKCEB]@UBCFEBMNUKCEB]@N^NOFNHIB@LK@MKDGOENLBD@K@
sirmm}xnwsn~jowxnwsnjyj~rj}xnpkj~nwxmnuvxvjijm|nuvxstxmn
snjsmnqo~tovjrm|nkxn=irtxnwxn9|nmsv}xnwspkrwxmnus~xn
rkrmtvxnwsnmtjwxnwjno~tovjnsnuo~rqjwxmnkxnrvrxnpqrj~nwjn
CFIB]@B\DKM^NLND@ND@LFDTBDFHzKD@LKDEK@KZMKEBa
@PB@@BD@ZNDBD@LK@TMBWMNUND]@TMBKEBD@BG@NHzKD@ZGOEGMNFD@gGK@
EKC_NU@ZBUB@B\KEB@N@TMKDKM^NHIB@LK@\KCD@ZGOEGMNFD@EBU\NLBD@BG@
MKWFDEMNLBD@TKOBD@TBLKMKD@T\OFZBD]@KU@U\FEB@VKLKMNO]@KDENLGNO@
BG@UGCFZFTNO]@NOU@LB@ZGUTMFUKCEB@LND@CBMUND@N@gGK@DK@MKVKMK@
B@ZNTGE]@DKMe@B\MFWNEcMFN@N@NTMKZFNHIB@TKOB@cMWIB@MKDTBCDe^KO@TKOB@
MKDTKZEF^B@EBU\NUKCEB@BG@MKWFDEMB]@B\DKM^NLN@N@OKWFDONHIB@MKONEF^N@
NB@TNEMFUYCFB@ZGOEGMNOa
@B@@bD@TMBWMNUND]@TMBKEBD@K@NHzKD@NTMKDKCENLBD@ZBU@^FDEND@`@
GEFOFhNHIB@LK@GU@LBD@UKZNCFDUBD@LK@FUTOKUKCENHIB@LB@{b?A@
msv}xnjkj~rmjwxmntsqkrqjisktsnkxn=irtxnwxn rkrmtvrxnwjno~tovj|n
TKOBD@DKGD@cMWIBD@BG@KCEFLNLKD@^FCZGONLND]@LK@NZBMLB@ZBU@ND@DGND@
MKDTKZEF^ND@ZBUTKECZFNDa
@B@@?@NTMKZFNHIB@EZCFZN@LK@gGK@EMNEN@B@@B@wsysvnysvrpqjv|n
ksqsmmjvrjiskts|nxnjtskwrisktxnwjmnpkj~rwjwsmnwxn9|njn
NLKgGNHIB@LBD@ZGDEBD@TMBTBDEBD@NBD@TMNEFZNLBD@CB@UKMZNLB]@DKU@
TMKGhB@LBD@LKUNFD@NDTKZEBD@KSFWFLBD@TKON@OKWFDONHIB@NTOFZe^KO]@
^KLNLN@N@NTMKZFNHIB@DG\KEF^N@\NDKNLN@KU@^NOBMKD@NMEDEFZBD@BG@
ZGOEGMNFDa
@B@@?@TMBTBDEN@ZBU@B@TNMKZKM@EZCFZB@DKMe@DG\UKEFLN]@LK@
NZBMLB@ZBU@N@UNEMFN@N@gGK@KDEKN@MKONZFBCNLN]@`@ABUFDDIB@LB@
JGCLB@NZFBCNO@LN@AGOEGMN]@ZMFNLN@TKOB@NMEa@P]@BG@`@ABUFDDIB@
NZFBCNO@LK@CZKCEF^B@`@AGOEGMN]@N@gGK@DK@MKVKMK@B@NMEa@R]@gGK@
vsqxiskwjvnjxn rkrmtvxnwsnmtjwxnwjno~tovjnjnjuvxyj}xntxtj~|n
TNMZFNO@BG@N@CIB@NTMB^NHIB@LB@TMBWMNUN]@TMBKEB@BG@NHIB@KU@
gGKDEIBa
7V

@B@@N@LKZFDIB@MKVKMFLN@CB@@B@ZN\KMe@TKLFLB@LK@MKZBCDFLKMNf
}xnwrvrrwxnjxn rkrmtvxnwsnmtjwxnwjno~tovj|nkxnuvjxnwsnjtnwsn
wrjmnqxktjwxmnwjnqxiokrqj}xnxpqrj~njxnuvxuxkskts
@Bnnnuswrwxnwsnvsqxkmrwsvj}xnmsvnjuvsqrjwxnus~xn rkrmtvxn
LK@DENLB@LN@AGOEGMN@KU@NE@DKDDKCEN@LFND@ZBCENLBD@LN@LNEN@LK@DGN@
FCEKMTBDFHIB]@NTcD@UNCFVKDENHIB@LB@cMWIB@MKDTBCDe^KO@TKON@NCeOFDK@
EZCFZN@K]@DK@GOWNM@BTBMEGCB]@LN@ABUFDDIB@ZBUTKEKCEKa
@@@@@@@@
?MEa@B@@bD@TMBWMNUND]@TMBKEBD@K@NHzKD@ZGOEGMNFD@NTMB^NLBD@
DKMIB@NZBUTNC_NLBD@K@N^NOFNLBD@EKZCFZNUKCEK@TKOBD@cMWIBD@
qxiustsktsmnwxn rkrmtvrxnwjno~tovj
@PBnnn rkrmtvrxnwjno~tovjnsnmojmnsktrwjwsmnyrkqo~jwjmn
uxwsv}xnotr~rjvmsnwxmnmsvyrxmnuvxpmmrxkjrmnwsnusvrtxm|njktsmnwjn
juvxyj}x|nwovjktsnsnjxnpkj~nwjnssqo}xnwxmnuvxvjijm|nuvxstxmn
K@NHzKD@e@NTMB^NLBD]@TKMUFEFLN@N@FCLKCFhNHIB@LK@LKDTKDND@ZBU@
LKDOBZNUKCEB@K@TNWNUKCEB@LK@TMcfON\BMK@BG@LK@NGLN@LK@ZGDEB@TNMN@
^FDEBMFND]@gGNCLB@CKZKDDeMFBa
@B@@b@NZBUTNC_NUKCEB@K@N@N^NOFNHIB@MKVKMFLBD@CKDEK@NMEFWB@
xstryjinysvrpqjvnjnps~nju~rqj}xnwxmnvsqovmxmnsnwjvms}xnuxvn
UKFB@LK@ZBUTNMNHIB@KCEMK@BD@MKDGOENLBD@KDTKMNLBD@K@NEFCWFLBD]@
BD@B\KEF^BD@TMK^FDEBD@K@NOZNCHNLBD]@BD@ZGDEBD@KDEFUNLBD@K@BD@
KVKEF^NUKCEK@MKNOFhNLBD]@NOU@LB@NVKMFUKCEB@LN@MKTKMZGDDIB@LN@
FCFZFNEF^N@CN@DBZFKLNLK]@LK@VBMUN@N@NEKCLKM@NBD@B\KEF^BD@LN@KF@
CB@RaP]@LK@PQQP]@\KU@ZBUB@NB@LFDTBDEB@CKDEK@KZMKEB@K@CB@TONCB@
NCGNO@LB@{b?Aa
@B@@?@N^NOFNHIB@MKVKMFLN@CB@@B@msvno~trijwjnus~xn rkrmtvrxn
wjno~tovj|niswrjktsnsuswr}xnwxn~jowxnpkj~nwsnjyj~rj}x|nwsyskf
wxnxnskspqrvrxnmsvnkxtrpqjwxnwjnwsqrm}xnirkrmtsvrj~nvsmo~tjkts
@B@@N@LKZFDIB@N@gGK@DK@MKVKMK@B@@B@qjsvnvsqovmxnjxn rf
CFDEMB@LK@DENLB@LN@AGOEGMN]@CB@TMNhB@LK@LKh@LFND]@ZBCENLBD@LN@LNEN@
sinosnxnskspqrvrxntxixonqr3kqrjnwjnwsqrm}xnirkrmtsvrj~nsnwxn
qxvvsmuxkwsktsn~jowxnpkj~nwsnjyj~rj}x
@B@@b@MKZGMDB@LK@gGK@EMNEN@B@@B@msvnjuvsqrjwxnus~xn rkrmf
EMB@LK@DENLB@LN@AGOEGMN@KU@NE@DKDDKCEN@LFND@ZBCENLBD@LN@LNEN@
LK@DGN@FCEKMTBDFHIB]@NTcD@N@UNCFVKDENHIB@LB@cMWIB@ZBUTKEKCEK@LB@
rkrmtvrx
@B@@B@ZNDB@LK@CIB@NTMB^NHIB@LN@KSKZGHIB@LBD@TMBWMNUND]@
TMBKEBD@K@NHzKD@LK@gGK@EMNEN@B@@B]@DKMe@KDEN\KOKZFLB@B@TMNhB@KDEMFf
ENUKCEK@CKZKDDeMFB@TNMN@N@ZBCZOGDIB@LB@B\KEB@TMBTBDEBa
@B@@IB@ZBCZOGLB@B@TMBWMNUN]@TMBKEB@BG@NHIB@CB@TMNhB@
smtruo~jwx|n msv}xn ju~rqjwjmn us~xn rkrmtvrxn wjn o~tovjn jmn
TKCNOFLNLKD@TMK^FDEND@CN@KF@CB@RaP]@LK@PQQP]@K@NLBENLND@ND@LKf
UNFD@UKLFLND@NLUFCFDEMNEF^ND@ZN\^KFDa
@@@@@@@@
?MEa@RB@@?D@NEF^FLNLKD@LK@NZBUTNC_NUKCEB@K@N^NOFNHIB@EZCFZN@
LK@TMBWMNUND]@TMBKEBD@K@NHzKD@ZGOEGMNFD@TBLKMIB@DKM@LKOKWNLND@
jxmnmtjwxm|nrmtvrtxnswsvj~nsn okrqurxm|nsinqxixnjnv}xmn
BG@KCEFLNLKD@LN@NLUFCFDEMNHIB@T\OFZN@VKLKMNO@K@LBD@LKUNFD@KCEKD@
swsvjwxm|niswrjktsnrkmtvoisktxnovwrqxnosnwspkjnwrvsrtxmnsn
LK^KMKD@UEGBDa
{NMeWMNVB@CFZBa@@?@LKOKWNHIB@TMK^FDEN@CB@ZNTGE]@MKONEF^NUKCEK@
jxmnmtjwxm|nrmtvrtxnswsvj~nsn okrqurxm|nwsuskwsvnwjnsrmt3kf
qrj|nkxnvsmusqtryxnsktsnswsvjwx|nwsn~srnwsnrkqsktryxmnpmqjrmnxonwsn
okwxmnsmusqpqxmnujvjnjnqo~tovj|nsinqxixnwsnv}xnqx~srjwxn
ZBU@NEMF\GFHIB@LK@NCeOFDK@LK@TMBWMNUND@K@TMBKEBD@ZGOEGMNFD@KU@
gGK@N@DBZFKLNLK@EKC_N@MKTMKDKCENHIB@NB@UKCBD@TNMFEeMFN@KU@MKONHIB@
NB@{BLKM@{\OFZB@K@CB@gGNO@ND@LF^KMDND@eMKND@ZGOEGMNFD@K@NMEDEFZND@
KDEKNU@MKTMKDKCENLNDa


@@@@@@@@?MEa@QBnnn rkrmtvrxnwjno~tovjnwsysvns~jxvjvnsn
TG\OFZNM@MKONEcMFB@NCGNO@LK@N^NOFNHIB@LB@{b?A]@MKONEF^B@`@
N^NOFNHIB@LBD@TMBWMNUND]@TMBKEBD@K@NHzKD@ZGOEGMNFD@MKVKMFLBD@CKDEK@
KZMKEB]@KCVNEFhNCLB@B@ZGUTMFUKCEB@LB@LFDTBDEB@CB@TONCB@NCGNO@
LB@{b?Aa
{NMeWMNVB@CFZBa@@b@MKONEcMFB@LK@gGK@EMNEN@KDEK@NMEFWB@FCEKWMNMe@
jntxijwjnwsnqxktjmnjkoj~nwxn rkrmtvrxnwjno~tovj|njnmsvnskqjirf
C_NLN@NB@MF\GCNO@LK@ABCEND@LN@CFIBa
pX%$n
b@Jb@?Ab?@?@A?

@@@@@@@@
?MEa@P2a@@bD@MKZGMDBD@LB@JGCLB@NZFBCNO@LN@AGOEGMN@TBLKMIB@
DKM@GEFOFhNLBD]@B\DKM^NLB@B@LFDTBDEB@CB@TONCB@NCGNO@LB@{b?A]@
LN@DKWGFCEK@VBMUN
@f@MKZGMDBD@CIBfMKKU\BODe^KFD@f@TNMN@GEFOFhNHIB@KU@TMBWMNf
UND]@TMBKEBD@K@NHzKD@ZGOEGMNFD@LK@TKDDBND@GMLFZND@T\OFZND@BG@
uvryjwjmnmsinpkmn~oqvjtryxm
nnpkjkqrjisktxmnvssix~mysrmnnujvjnuvxvjijm|nuvxstxmnsn
NHzKD@ZGOEGMNFD@LK@TKDDBND@VDFZND@BG@LK@TKDDBND@GMLFZND@TMF^NLND]@
qxinpkmn~oqvjtryxm|nuxvnisrxnwsnjsktsmnpkjkqsrvxmnqvswskqrjwxmn
us~xn rkrmtvrxnwjno~tovj
@f@ZBCZKDDIB@LK@\BODND@LK@KDEGLB]@LK@TKDgGFDN@K@LK@EMN\NO_B@
f@TNMN@MKNOFhNHIB@LK@ZGMDBD@BG@LKDKC^BO^FUKCEB@LK@TMBKEBD]@CB@
vjmr~nxonkxnstsvrxv
@f@ZBCZKDDIB@LK@TMUFBD
@f@ZGDEKFB@LK@TNDDNWKCD@K@NGLN@LK@ZGDEBD@TNMN@FCEKMZU\FB@
qo~tovj~|nkxnvjmr~nxonkxnstsvrxv
nntvjkmsv3kqrjnjnmtjwxm|n okrqurxmnsnrmtvrtxnswsvj~n
TNMN@LKDKC^BO^FUKCEB@LK@TMBWMNUND]@TMBKEBD@K@NHzKD@ZGOEGMNFD]@
iswrjktsnrkmtvoisktxnovwrqxnosnwspkjnwrvsrtxmnsnwsysvsmnif
EGBD@K
nnsinxotvjmnmrtojsmnwspkrwjmnus~xn rkrmtvrxnwjno~tovj|n
KCgGNLMe^KFD@CBD@NMEDa@PB@K@B@LN@KF@CB@RaP]@LK@PQQPa
@PBnnn rkrmtvxnwsnmtjwxnwjno~tovjnsuswrvnjmn
rkmtvosmnkxvijtryjmnksqsmmvrjmnujvjnwspkr}xnwjmnqxkwrsmnsn
TMBZKLFUKCEBD@LND@ZBCZKDDzKD@TMK^FDEND@CKDEK@NMEFWB@K@MKDTKZEF^ND@
TMKDENHzKD@LK@ZBCENDa
@Bnnjvjnxnpkjkqrjisktxnvssix~mys~|nxn rkrmtvrxnwjn
o~tovjnwspkrvnqxinxmnjsktsmnpkjkqsrvxmnqvswskqrjwxmnjntjjn
LK@NLUFCFDEMNHIB]@BD@TMNhBD@LK@ZNMCZFN]@BD@GMBD@OFUFEKD]@ND@WNMNCf
EFND@KSFWFLND@K@ND@VBMUND@LK@TNWNUKCEB]@gGK@LK^KMIB@DKM@NTMB^NLND@
us~xnjkqxnsktvj~nwxnvjmr~|nqxkxvisnwrmuxmtxnkxnjvtnB@LN@KF@
CB@RaP]@LK@PQQPa
@B@@?@ENSN@LK@NLUFCFDEMNHIB@N@gGK@DK@MKVKMK@B@@B@CIB@TBLKMe@
msvnmousvrxvnjntv3mnuxvnqsktxnwxmnvsqovmxmnwrmuxkysrmnujvjnpkjkf
ZFNUKCEBa
@BnnjvjnxnpkjkqrjisktxnwsnosntvjtjnxnnB|nmsv}xnpjwjmn
ENSND@LK@MKUGCKMNHIB@gGK]@CB@UCFUB]@TMKDKM^KU@B@^NOBM@BMFWFCNOf
UKCEK@ZBCZKLFLB]@ZBCVBMUK@B@LFDTBDEB@CB@FCZFDB@@LB@NMEa@B@LN@
KF@CB@RaP]@LK@PQQPa
@Bnnmnmomwrxmnwsqxvvsktsmnwsnpkjkqrjisktxmnvsj~rjwxmn
jntjjmnrksvrxvsmnntjjnwsnqjutj}xnwxmnvsqovmxmnpkjkqsrvxmnus~xn
!B^KMCB@JKLKMNO@LK^KU@DKM@MKWFDEMNLBD@TKOB@JGCLB@NZFBCNO@
LN@AGOEGMN@TNMN@ZBCDENM@CN@OKF@BMHNUKCEeMFN@K@DGND@FCVBMUNHzKD@
ZBUTOKUKCENMKDa
@Bnn9jnxusvjqrxkj~rj}xnwxnpkjkqrjisktxnvssix~mys~|nxn
jsktsnpkjkqsrvxnmsvnoj~osvnrkmtrtor}xnpkjkqsrvj|nwsnqjvtsvn
xpqrj~|nwsyrwjisktsnqvswskqrjwjnus~xn rkrmtvrxnwjno~tovj
7W

@ Bn n mn momwrxmn qxkqswrwxmn sin pkjkqrjisktxmn

MKKU\BODe^KFD]@LK^KU@DKM@NTGMNLBD@TNMN@ZBUTBM@B@MBO@LBD@
sksqrxmnqvswrtqrxmnsnpkjkqsrvxmnosnrktsvjinjmnrkxvijsmn
ZBUTOKUKCENMKD@LN@KF@bMHNUKCEeMFN@?CGNOa
@@@@@@@@
vtn

nnnssqo}xnxvjisktvrj|npkjkqsrvjnsnujtvrixkrj~nwxn
JGCLB@NZFBCNO@LN@AGOEGMN]@\KU@ZBUB@N@DGTKM^FDIB@K@ZBBMLKCNHIB@
LND@NEF^FLNLKD@NLUFCFDEMNEF^ND@CKZKDDeMFND@NB@DKG@VGCZFBCNUKCEB]@
DKMIB@KSKMZFLND@KU@ZBCVBMUFLNLK@ZBU@B@LFDTBDEB@CBD@@PB@K@B@LB@
NMEa@B@LN@KF@CB@RaP]@LK@PQQPa
@@@@@@@@
vtn
nnnusvqsktoj~nwsnpkjkqrjisktxnwxnokwxn9jqrxkj~n
LN@AGOEGMN]@OFUFENLB@N@BFEKCEN@TBM@ZKCEB@LB@ZGDEB@EBENO@LK@ZNLN@TMBf
vjij|nuvxstxnxonj}xnqo~tovj~|nmsvnjuvxyjwxnus~xn rkrmtvrxnwjn
AGOEGMN]@UKLFNCEK@TMBTBDEN@LN@ABUFDDIB@LB@JGCLB@NZFBCNO@LN@
AGOEGMNa
{NMeWMNVB@CFZBa@@?@ZBCEMNTNMEFLN@N@DKM@B\MFWNEBMFNUKCEK@BVKMKf
qrwjnus~xnuvxuxkskts|nujvjnpkmnwsnqxiu~sisktj}xnwxnqomtxntxtj~n
LB@TMBWMNUN]@TMBKEB@BG@NHIB@ZGOEGMNO@LK^KMe@DKM@KVKEF^NLN@UKLFNCf
EK@NTBMEK@LK@CGUKMeMFB]@\KCD@BG@DKM^FHBD]@BG@ZBUTMB^NHIB@LK@gGK@
smtnljr~rtjwxnnxtsk}xnwxnvsmusqtryxnpkjkqrjisktxnuxvnisrxn
wsnxotvjnxktsnwsyrwjisktsnrwsktrpqjwj|nyswjwjnqxixnqxktvjujvtrf
wjnjnotr~rj}xnwxnisqjkrmixnwsnrkqsktryxmnpmqjrmnuvsyrmtxm
@@@@@@@@
?MEa@Pa@@?@ZBCEMNTNMEFLN@DKMe@LFDTKCDNLN@DKUTMK@gGK@BD@MKZGMf
DBD@EKC_NU@DFLB@LKTBDFENLBD@CB@JGCLB@NZFBCNO@LN@AGOEGMN@ZBU@
wsmtrkj}xnsmusqrpqjwjnkjnxvrsi|ntjrmnqxix
@f@EMNCDVKMCZFN@LK@MKZGMDBD@N@TMBWMNUND]@TMBKEBD@K@NHzKD@ZGOf
tovjrmnrwsktrpqjwxmnus~xnwxjwxvnxonujtvxqrkjwxvnuxvnxqjmr}xnwxn
LKTcDFEB@NB@JGCLB@NZFBCNO@LN@AGOEGMN]@LKDLK@gGK@ZBMMKDTBCLNU@
NB@ZGDEB@EBENO@LB@TMBKEB@K
nnuvxvjijm|nuvxstxmnsnjsmnrwsktrpqjwxmnus~xnjotxvnwsn
KUKCLND@NLFEF^ND@NB@BMHNUKCEB@LB@JGCLB@NZFBCNO@LN@AGOEGMN]@
jrkwjnosnxnskspqrvrxnmsjnv}xnswsvj~|nwsmwsnosnxnyj~xvnwjn
KUKCLN@ZBMMKDTBCLN@NB@ZGDEB@EBENO@LB@TMBKEBa
@PB@@bD@TMBWMNUND]@TMBKEBD@K@NHzKD@ZGOEGMNFD@TMK^FDEBD@CBD@
FCZFDBD@@K@@CIB@DKMIB@B\KEB@LK@NTMKZFNHIB@TKON@ABUFDDIB@LB@
JGCLB@NZFBCNO@LN@AGOEGMNa
@Bnnmnsktrwjwsmnyrkqo~jwjmnjxn rkrmtvrxnwjno~tovjn
pqjinwrmuskmjwjmnwsnjuvsmsktjvnqxktvjujvtrwjnojkwxnvsqssvsin
MKZGMDBD@LB@JGCLB@NZFBCNO@LN@AGOEGMN@TNMN@B@LKDKC^BO^FUKCEB@LK@
TMBWMNUND]@TMBKEBD@K@NHzKD@ZGOEGMNFDa
@@@@@@@@@
vtn
nnrqjnqvrjwj|nkxn=irtxnwxn rkrmtvrxnwjno~tovj|njn
ABUFDDIB@LB@JGCLB@NZFBCNO@LN@AGOEGMN]@`@gGNO@ZBUTKEK
@f@N^NOFNM@K@DKOKZFBCNM@BD@TMBWMNUND]@TMBKEBD@K@NHzKD@ZGOEGf
MNFD@gGK@B\KEF^KU@N@GEFOFhNHIB@LK@MKZGMDBD@LB@JGCLB@NZFBCNO@LN@
o~tovj|nwsnixwxnjnmomrwrjvnmojnjuvxyj}xnpkj~nus~xn rkrmtvxnwsn
DENLB@LN@AGOEGMN
@f@NTMKZFNM@ND@TMBTBDEND@LK@KLFENFD@N@DKMKU@FCDEFEGLBD@KU@
ZNDB@LK@TMBZKDDB@T\OFZB@LK@DKOKHIB@LK@TMBWMNUND]@TMBKEBD@K@NHzKD@
jnmsvsinpkjkqrjwxmnqxinvsqovmxmnwxnokwxn9jqrxkj~nwjno~tovj|n
ujvjnlxix~xj}xnus~xn rkrmtvxnwsnmtjwxnwjno~tovj
@f@KON\BMNM@N@TMBTBDEN@LK@TONCB@LK@EMN\NO_B@NCGNO@LB@JGCLB@
NZFBCNO@LN@AGOEGMN]@gGK@FCEKWMNMe@B@TONCB@NCGNO@LB@{b?A]@N@
msvnmoistrwjnjxn rkrmtvxnwsnmtjwxnwjno~tovjnujvjnjuvxyj}xn
pkj~nwsnmsomntsvixm
@f@NTMKZFNM@ND@TMBTBDEND@LK@TONCB@NCGNO@LND@KCEFLNLKD@^FCZGf
~jwjmnjxn rkrmtvrxnwjno~tovj|nqxinyrmtjmnns~jxvj}xnwjnuvxuxmf
EN@LK@gGK@EMNEN@B@FCZFDB@@K


nnssvqsvnxotvjmnjtvrorsmnsmtjs~sqrwjmnus~xn rkrmtvxnwsn
DENLB@LN@AGOEGMNa
@@@@@@@@
?MEa@Pa@@?@ABUFDDIB@LB@JGCLB@NZFBCNO@LN@AGOEGMN@DKMe@FCf
EKWMNLN
nnus~xn"sqvstvrxsqotryxnwxn rkrmtvrxnwjno~tovj|nosnjn
TMKDFLFMe
nnus~xmntrto~jvsmnwjmn"sqvstjvrjmnwxn rkrmtvrxnwjno~tovj
nnus~xmnuvsmrwsktsmnwjmnsktrwjwsmnyrkqo~jwjmnjxn rkrmtvrxn
LN@AGOEGMN@K
nnuxvnoinvsuvsmsktjktsnwxnjrkstsnwxn rkrmtvxnwsnmtjwxn
LN@AGOEGMNa
@@@@@@@@
vtn
nnnxirmm}xnwxnokwxn9jqrxkj~nwjno~tovjnwspkrvn
KU@NEB@TMcTMFB]@UKLFNCEK@TMBTBDEN@NTMB^NLN@TKON@UNFBMFN@N\DBf
OGEN@LK@DKGD@FCEKWMNCEKD]@ND@CBMUND@MKONEF^ND@`@DGN@BMWNCFhNHIB@K@
okqrxkjisktx|nosnmsvnlxix~xjwxnus~xn rkrmtvxnwsnmtjwxnwjn
AGOEGMNa
@@@@@@@@
?MEa@Pa@@bD@TMBWMNUND]@TMBKEBD@K@NHzKD@ZGOEGMNFD@LK@FCFZFNf
tryjnuvuvrjnwxn rkrmtvrxnwjno~tovj|njnmsvsinpkjkqrjwxmnqxin
MKZGMDBD@LB@JGCLB@NZFBCNO@LN@AGOEGMN]@LK^KMIB@ZBCDENM@LK@DKG@
TONCB@NCGNO]@B\KLKZFLB@B@LFDTBDEB@CB@NMEa@B]@K@DKMIB@NTMKDKCENLBD@
`@ABUFDDIB@LB@JGCLB@NZFBCNO@LN@AGOEGMN@ZBU@BMHNUKCEBD@LKENf
~ljwxmnsnomtrpqjtryjmnvssvskwjwjm|nxvrjtxvrjiskts|nus~xntrto~jvn
LN@GCFLNLK@TMBTBCKCEK@BG@DKG@DG\DEFEGEB@OKWNOa
pX%$n
"n%9"nn9"X 9X"n%$X%"nnXp"f
Ab
@@@@@@@@
vtn
Znnnxirmm}xnwsnj~xvsmn xr~rvrxmnn nwrmqru~rf
CNMe@N@ZBCDEFEGFHIB]@B@VGCZFBCNUKCEB@K@N@NLUFCFDEMNHIB@LBD@JGCf
LBD@LK@C^KDEFUKCEBD@AGOEGMNFD@K@?MEDEFZBD@f@JA?]@CBD@EKMUBD@
LB@NMEa@P2@LN@KF@CB@RaP]@LK@PQQPa
@PBnnn nuvsmtjvnrkxvijsmnjxn rkrmtvrxnwjno~tovjn
DB\MK@N@ZBCDEFEGFHIB@LBD@JA?@K@DKGD@MKDTKZEF^BD@NWKCEKD@
pkjkqsrvxm|nrkq~omrysnojktxnmnmojmnvsjmnwsnjtoj}x
@@@@@@@@
?MEa@PQa@@{NMN@MKZK\KM@MKZGMDBD@LBD@JA?]@BD@TMBWMNUND]@
TMBKEBD@K@NHzKD@ZGOEGMNFD@LK^KMIB@LKDEFCNMfDK
@f@`@TMBLGHIB@K@LFDEMF\GFHIB@FCLKTKCLKCEKD@LK@\KCD@ZGOEGMNFD@K@
`@MKNOFhNHIB@LK@KDTKEeZGOBD@NMEDEFZBD@K@ZGOEGMNFD@
@f@`@ZBCDEMGHIB]@MKDENGMNHIB]@MKVBMUN]@KgGFTNUKCEB@K@BTKMNf
HIB@LK@KDTNHBD@LKDEFCNLBD@N@NEF^FLNLKD@ZGOEGMNFD]@LK@TMBTMFKLNLK@LK@
sktrwjwsmnqxinpkmn~oqvjtryxmns
@f@N@BGEMND@NEF^FLNLKD@ZBUKMZFNFD@K@FCLGDEMFNFD@LK@FCEKMKDDK@
qo~tovj~|njmmrinqxkmrwsvjwjmnus~xn rkrmtvrxnwjno~tovj
@@@@@@@@
?MEa@2a@@?@NTOFZNHIB@LBD@MKZGMDBD@LBD@JA?@VNMfDKfe]@KSZOGf
DF^NUKCEK]@TBM@UKFB@LK
@f@ZBCEMNENHIB@LK@TKDDBND@GMLFZND@ZBU@DKLK@CB@EKMMFEcMFB@\MNf
mr~srvx|ntskwxnuxvnpkj~rwjwsnsq~omryjnjnssqo}xnwsnuvxvjijm|n
TMBKEBD@K@NHzKD@ZGOEGMNFD
@f@TNMEFZFTNHIB@KU@TMBWMNUND]@TMBKEBD@K@NHzKD@ZGOEGMNFD@
MKNOFhNLBD@TBM@TKDDBND@GMLFZND@LK@CNEGMKhN@ZGOEGMNO@ZBU@DKLK@CB@
EKMMFEcMFB@\MNDFOKFMB@K
@f@NgGFDFHIB@LK@LFMKFEBD@TNEMFUBCFNFD@TNMN@KSTOBMNHIB@ZBf
isvqrj~nwsnxvjmn~rtsvvrjm|njowrxyrmojrm|nxkxvpqjmnsnwsnjvtsmn
ZCFZND]@^FDGNFD]@LFWFENFD@K@DFUFONMKDa
7Y

@vtn
nnn rkrmtvrxnwjno~tovj|nsinjvtrqo~j}xnqxinjn |n
wspkrvnvsvjmnsnuvxqswrisktxmnujvjnjqxiujkljisktxnsnpmqj~rjf
}xnwjnssqo}xnwxmnuvxvjijm|nuvxstxmnsnjsmnqo~tovjrmnskspf
ZFNLBD@ZBU@MKZGMDBD@LB@JA?a
pX%$n
b@Ab@JA?
KHIB@
ND@JBMUND@LK@?TOFZNHIB
?MEa@a@@?@BTHIB@TMK^FDEN@CB@NMEa@@LN@KF@CB@RaP]@LK@PQQP]@
KSKMZKMfDKfe
@f@KU@VN^BM@LB@TMcTMFB@ZBCEMF\GFCEK@LB@UTBDEB@DB\MK@N@KCLN@
K@{MB^KCEBD@LK@gGNOgGKM@CNEGMKhN]@gGNCLB@TMBTMFKEeMFB@BG@EFEGONM@
LK@TBDDK@OKWEFUN@LK@\KCD@Uc^KFD@K@FUc^KFD@EBU\NLBD@TKON@CFIB]@
K@NTcD@ZGUTMFUKCEB@LND@KSFWCZFND@OKWNFD@NTOFZe^KFD@N@\KCD@EBUf
\NLBD@K@UKLFNCEK@TM^FN@NTMKZFNHIB@TKOB@CDEFEGEB@LB@{NEMFUYCFB@
FDEcMFZB@K@?MEDEFZB@NZFBCNO@f@{?]@CB@^NOBM@LND@LKDTKDND@
KVKEGNLND@ZBU@B@B\KEF^B@LK@ZBCDKM^NM@BG@MKDENGMNM@NgGKOKD@\KCD@K
@f@KU@VN^BM@LK@TKDDBND@GMLFZND@ZBCEMF\GFCEKD@LB@UTBDEB@
DB\MK@N@KCLN@K@{MB^KCEBD@LK@gGNOgGKM@CNEGMKhN]@TNMN@ZBUTMN@LK@
FCWMKDDBD@LK@KDTKEeZGOBD@ZGOEGMNFD@K@NMEDEFZBD]@LKDLK@gGK@TNMN@LFDf
EMF\GFHIB@WMNEGFEN@ZBUTMB^NLN@N@DKGD@KUTMKWNLBD@K@MKDTKZEF^BD@
wsuskwsktsmn~sjrm|nxswsqskwxnjnqvrtvrxmnjnmsvsinwspkrwxmnsin
jtxnwxn rkrmtvrxnwjno~tovj
@@@@@@@@
?MEa@a@@?D@BTHzKD@TMK^FDEND@CBD@NMEDa@PR@K@@LN@KF@CB@RaP]@
LK@PQQP]@DKMIB@KSKMZFLND
@f@KU@VN^BM@LB@JGCLB@NZFBCNO@LN@AGOEGMN]@ZBU@LKDEFCNHIB@
OF^MK@BG@LFMKZFBCNLN@N@TMBWMNUND]@TMBKEBD@K@NHzKD@ZGOEGMNFD@KDTKZf
pqxm|nmxnjnxvijnwsnwxj}x|nxonqxinwsmtrkj}xnsmusqrpqjwjnus~xn
TNEMBZFCNLBM]@DB\@N@VBMUN@LK@TNEMBZCFB
@f@KU@VN^BM@LK@TMBWMNUND]@TMBKEBD@K@NHzKD@ZGOEGMNFD@NTMKf
msktjwxmnuxvnusmmxjmnmrqjmnxonovwrqjmnmsinpkmn~oqvjtryxm|nmxnjn
VBMUN@LK@LBNHIB]@N\MNCWKCLB
N@CGUKMeMFB@BG@\KCD]@TNMN@MKNOFhNHIB@LK@TMBWMNUND]@TMBKEBD@
K@NHzKD@ZGOEGMNFD@K
\@CGUKMeMFB@TNMN@NgGFDFHIB@LK@TMBLGEBD@ZGOEGMNFD@K@FCWMKDf
DBD@TNMN@KDTKEeZGOBD@ZGOEGMNFD@K@NMEDEFZBD]@LK@LFDEMF\GFHIB@T\OFZN@
snvjtortj|nqxkxvisnkxvijmnjnmsvsinsmtjs~sqrwjmnsinjtxnwxn rf
CFDEMFB@LN@AGOEGMN
@f@KU@VN^BM@LK@TMBWMNUND]@TMBKEBD@K@NHzKD@ZGOEGMNFD@NTMKf
msktjwxmnuxvnusmmxjmnmrqjmnxonovwrqjm|nqxinxonmsinpkmn~oqvjtrf
^BD]@DB\@N@VBMUN@LK@TNEMBZCFB]@N\MNCWKCLB
N@CGUKMeMFB@BG@N@GEFOFhNHIB@LK@\KCD]@TNMN@MKNOFhNHIB@LK@TMBf
WMNUND]@TMBKEBD@K@NHzKD@ZGOEGMNFD@K
\@CGUKMeMFB]@TNMN@N@ZB\KMEGMN@LK@TNMEK@LB@^NOBM@GCFEeMFB@LK@
TMBLGEBD@ZGOEGMNFD@K@FCWMKDDBD@TNMN@KDTKEeZGOBD@ZGOEGMNFD@K@NMEDEFf
qxm|nqxkxvisnkxvijmnsnqvrtvrxmnsmtjs~sqrwxmnus~xn rkrmtvrxnwjn
AGOEGMN
nnsinjyxvnwxmnuvxstxmnqo~tovjrmnms~sqrxkjwxmnus~xn rkrmf
EMFB@LN@AGOEGMN@TBM@UKFB@LK@TMBZKDDB@T\OFZB@LK@DKOKHIB]@CN@VBMUN@
KDEN\KOKZFLN@CB@NMEa@B@K
@f@KU@VN^BM@LK@TMBKEBD@gGK@EKC_NU@TBM@B\KEB@N@^NOBMFhNHIB@
LK@NMEFDEND]@UKDEMKD@LK@ZGOEGMND@EMNLFZFBCNFD]@EZCFZBD@K@KDEGLFBDBD]@
ZBU@MKOK^NCEKD@DKM^FHBD@TMKDENLBD@`@ZGOEGMN@\MNDFOKFMNa
@PB@@bD@TMBWMNUND]@TMBKEBD@K@NHzKD@ZGOEGMNFD@NTMKDKCENLBD@
TBM@cMWIBD@FCEKWMNCEKD@LN@NLUFCFDEMNHIB@T\OFZN@LFMKEN@DBUKCEK@
TBLKMIB@MKZK\KM@LBNHIB@BG@TNEMBZCFB@CN@VBMUN@TMK^FDEN@CB@FCZFDB@
a


@B@@@^KLNLN@N@LKDEFCNHIB@LK@CB^B@DG\DLFB@TNMN@N@UKDUN@
NEF^FLNLK@ZGOEGMNO@KU@TMBKEB@e@NCEKMFBMUKCEK@DG\DFLFNLBa
@@@@@@@@
?MEa@a@@gGFTNMNUfDK@N@TMBWMNUND]@TMBKEBD@K@NHzKD@ZGOEGf
MNFD@BD@TONCBD@NCGNFD@LK@NEF^FLNLKD@ZBCDFLKMNLND@MKOK^NCEKD@TNMN@N@
ZGOEGMN@CNZFBCNO@TKON@ABUFDDIB@NZFBCNO@LK@CZKCEF^B@`@AGOEGMN
nnwsnjmmxqrjsmnqryrmnwsnkjtovsjnqo~tovj~|nmsinpkmn~oqvjf
tryxm|nqojnpkj~rwjwsnsmtjtotvrjnuvrkqruj~nmsjnwjvnjuxrxnjnrkmtrf
torsmnwjn%kr}x|nwxmnmtjwxm|nwxnrmtvrtxnswsvj~nxonwxmn okrf
ZTFBD]@CB@NEKCLFUKCEB@LBD@B\KEF^BD@TMK^FDEBD@CB@NMEa@B@LN@KF@
CB@RaP]@LK@PQQP@K
nnwsnxotvjmnusmmxjmnovwrqjmnwsnkjtovsjnqo~tovj~|nmsinpkmn
OGZMNEF^BDa
@PB@@b@^NOBM@N@DKM@FCZKCEF^NLB@CBD@TONCBD@NCGNFD@DKMe@
KgGF^NOKCEK@`@KDEFUNEF^N@LK@MKZGMDBD@N@DKMKU@ZNTENLBD@N@EEGOB@
LK@LBNHzKD@K@TNEMBZCFBD]@ZBCVBMUK@ZBCDENM@LN@TMK^FDIB@NCGNO@LK@
MKZKFEN@K@LKDTKDN@NTMKDKCENLN@TKOB@TMBTBCKCEKa
@B@@bD@TONCBD@NCGNFD@DG\UKEKMfDKfIB@`D@UKDUND@MKWMND@LK@
NTMB^NHIB]@KSKZGHIB]@N^NOFNHIB@K@TMKDENHIB@LK@ZBCEND@NTOFZe^KFD@
NBD@TMBWMNUND]@TMBKEBD@K@NHzKD@ZGOEGMNFD@FCZKCEF^NLBDa
@@@@@@@@
?MEa@a@@?D@LKDTKDND@MKVKMKCEKD@NBD@DKM^FHBD@LK@ZNTENHIB@LBD@
MKZGMDBD@TNMN@KSKZGHIB@LK@TMBWMNUND]@TMBKEBD@K@NHzKD@ZGOEGMNFD@
NTMB^NLBD@CB@U\FEB@LN@KF@CB@RaP]@LK@PQQP]@DKMIB@LKENO_NLND@
sinu~jkr~ljnwsnqomtxm|nxswsqrwxmnxmn~rirtsmnwspkrwxmnsinjtxnwxn
rkrmtvrxnwjno~tovj
{NMeWMNVB@CFZBa@@bD@TMBWMNUND]@TMBKEBD@K@NHzKD@ZGOEGMNFD@
NTMB^NLBD@UKLFNCEK@N@DFDEKUeEFZN@LKDZMFEN@CB@NMEa@B@CIB@TBLKMIB@
MKNOFhNM@LKDTKDND@MKVKMKCEKD@N@DKM^FHBD@LK@ZNTENHIB@LK@MKZGMDBDa
@@@@@@@@
?MEa@a@@?D@LKDTKDND@NLUFCFDEMNEF^ND@MKONZFBCNLND@NBD@TMBWMNf
UND]@TMBKEBD@K@NHzKD@ZGOEGMNFD@gGK@^FDKU@`@GEFOFhNHIB@LB@UKZNCFDf
ixnuvsyrmtxnksmtsnjuto~xnpqjv}xn~rirtjwjmnjnorksnuxvnqsktxnwxn
BMHNUKCEB@EBENO@LB@MKDTKZEF^B@TMBWMNUN]@TMBKEB@BG@NHIB@ZGOEGMNOa
{NMeWMNVB@CFZBa@@{NMN@KVKFEB@LKDEK@KZMKEB]@KCEKCLKfDK@TBM@
LKDTKDND@NLUFCFDEMNEF^ND@NgGKOND@KSKZGENLND@CN@NEF^FLNLKfUKFB@
LBD@TMBWMNUND]@TMBKEBD@K@NHzKD@ZGOEGMNFD]@KSZOGLBD@BD@WNDEBD@ZBU@
ujjisktxnwsnusmmxj~nrkwrmuskmys~nnssqo}xnwjmnjtryrwjwsmpin
K@DKGD@MKDTKZEF^BD@KCZNMWBD@DBZFNFD]@LKDLK@gGK@TMK^FDEND@CN@TONCFf
O_N@LK@ZGDEBDa
@@@@@@@@
?MEa@a@@BD@TMBWMNUND]@TMBKEBD@K@NHzKD@MKNOFhNLBD@ZBU@MKf
ZGMDBD@FCZKCEF^NLBD]@EBENO@BG@TNMZFNOUKCEK]@LK^KMe@ZBCDENM@VBMUND@
TNMN@N@LKUBZMNEFhNHIB@LB@NZKDDB@NBD@\KCD@K@DKM^FHBD@MKDGOENCEKD]@
ZBU@^FDEND@N
@f@EBMCNM@BD@TMKHBD@LK@ZBUKMZFNOFhNHIB@LK@B\MND@BG@LK@FCWMKDf
DBD@UNFD@NZKDD^KFD@`@TBTGONHIB@KU@WKMNO
@f@TMBTBMZFBCNM@ZBCLFHzKD@LK@NZKDDF\FOFLNLK@N@TKDDBND@FLBDND]@
CBD@EKMUBD@LB@NMEa@@LN@KF@CB@P2aP]@LK@PB@LK@BGEG\MB@LK@22]@
snuxvtjwxvjmnwsnwspqr3kqrj|nqxkxvisnxnwrmuxmtxnkxnjvtnnwxnsf
ZMKEB@CB@aQR]@LK@2@LK@LKhKU\MB@LK@PQQQ
@f@TMBUB^KM@LFDEMF\GFHIB@WMNEGFEN@LK@B\MND@BG@LK@FCWMKDDBD@N@
skspqrvrxmnuvsyrjisktsnrwsktrpqjwxmnosnjtskwjinmnqxkwrsmn
smtjs~sqrwjmnus~xn rkrmtvrxnwjno~tovjns
@f@LKDKC^BO^KM@KDEMNEWFND@LK@LFVGDIB@gGK@NUTOFKU@B@NZKDDBa
jvvjxnkrqxnnn rkrmtvrxnwjno~tovjnuxwsvnjotxvrjvn
xotvjmnxvijmnwsnjiu~rj}xnwxnjqsmmxnujvjnjtskwsvnjnpkj~rwjwsmn
k}xnuvsyrmtjmnkxmnrkqrmxmnnjn|nwsmwsnosnwsyrwjisktsnomtrpf
ZNLND@TKOB@TMBTBCKCEK@CBD@TMBWMNUND]@TMBKEBD@K@NHzKD@ZGOEGMNFD@
NTMKDKCENLBDa
8[

?MEa@Ra@@B@ZNDB@LK@LBNHIB@BG@TNEMBZCFB@LK@TKDDBND@VDFZND@
K@GMLFZND@KU@VN^BM@LK@TMBWMNUND@K@TMBKEBD@ZGOEGMNFD@NUTNMNLBD@
TKOB@NMEa@PR@LN@KF@CB@RaP]@LK@PQQP]@B@TKMZKCEGNO@LK@LKLGHIB@DKMe@
LK@NE@ZKU@TBM@ZKCEB@LB@^NOBM@LB@FCZKCEF^B]@MKDTKFENLBD@BD@OFUFf
EKD@KDEN\KOKZFLBD@CN@OKWFDONHIB@LB@FUTBDEB@LK@MKCLN@^FWKCEK@K@B@
LFDTBDEB@CB@@B@LB@NMEa@B@LN@KF@CB@QaQ]@LK@@LK@LKhKU\MB@LK@
PQQ]@CIB@DKCLB@TKMUFEFLN@N@GEFOFhNHIB@LB@MKVKMFLB@UBCENCEK@ZBUB@
LKDTKDN@BTKMNZFBCNO@TKON@KUTMKDN@FCZKCEF^NLBMNa
@@@@@@@@
?MEa@Qa@@bD@^NOBMKD@EMNCDVKMFLBD@TBM@TKDDBN@VDFZN]@N@EEGOB@LK@
LBNHIB@BG@TNEMBZCFB]@KU@VN^BM@LK@TMBWMNUND@K@TMBKEBD@ZGOEGMNFD@
KCgGNLMNLBD@KU@GU@LBD@DKWUKCEBD@ZGOEGMNFD@TMK^FDEBD@CB@NMEa@@
LN@KF@CB@RaP]@LK@PQQP]@TBLKMIB@DKM@LKLGhFLBD@LB@FUTBDEB@LK^Ff
LB]@CN@LKZONMNHIB@LK@MKCLFUKCEBD@MKONEF^N@NB@TKMBLB@LK@NTGMNHIB@
KU@gGK@VBM@KVKEGNLN@N@EMNCDVKMCZFN@LK@MKZGMDBD]@B\KLKZFLBD@BD@OFf
UFEKD@TKMZKCEGNFD@UeSFUBD@LK
@f@BFEKCEN@TBM@ZKCEB@LB@^NOBM@LND@LBNHzKD@K
@f@DKDDKCEN@TBM@ZKCEB@LB@^NOBM@LBD@TNEMBZCFBDa
{NMeWMNVB@CFZBa@@b@OFUFEK@UeSFUB@LND@LKLGHzKD@LK@gGK@EMNf
ENU@BD@FCZFDBD@@K@@@LK@DKFD@TBM@ZKCEB@LB@FUTBDEB@LK^FLB]@CBD@
EKMUBD@LB@LFDTBDEB@CB@NMEa@@LN@KF@CB@Qa]@LK@P2@LK@LKhKU\MB@
LK@PQQa
@@@@@@@@
?MEa@2a@@b\DKM^NLB@B@LFDTBDEB@CB@@B@LB@NMEa@B@LN@KF@CB@QaQ]@
LK@PQQ]@BD@^NOBMKD@ZBMMKDTBCLKCEKD@N@LBNHzKD@K@TNEMBZCFBD@MKNf
OFhNLBD@TBM@TKDDBND@GMLFZND@KU@VN^BM@LK@TMBWMNUND@K@TMBKEBD@
ZGOEGMNFD@KCgGNLMNLBD@KU@GU@LBD@DKWUKCEBD@ZGOEGMNFD@TMK^FDEBD@
CB@NMEa@@LN@KF@CB@RaP]@LK@PQQP]@TBLKMIB@DKM@LKLGhFLBD@LB@FUf
TBDEB@LK^FLB]@N@ZNLN@TKMBLB@LK@NTGMNHIB]@CBD@OFUFEKD@TKMZKCEGNFD@
UeSFUBD@LK
@f@gGNMKCEN@TBM@ZKCEB@LB@^NOBM@LND@LBNHzKD@K
@f@EMFCEN@TBM@ZKCEB@LB@^NOBM@LBD@TNEMBZCFBDa
@PB@@?@TKDDBN@GMLFZN@EMF\GENLN@ZBU@\NDK@CB@OGZMB@MKNO@TBLKMe@
ONCHNM@KU@DKGD@MKWFDEMBD@ZBCEe\KFD]@ZBUB@LKDTKDN@BTKMNZFBCNO]@B@
^NOBM@EBENO@LND@LBNHzKD@K@LBD@TNEMBZCFBD@KVKEGNLBD@CB@TKMBLB@LK@
NTGMNHIB@LK@DKGD@EMF\GEBDa
@B@@b@OFUFEK@UeSFUB@LND@LKLGHzKD@LK@gGK@EMNENU@BD@FCZFDBD@@
K@@LB@ZNTGE@@LK@gGNEMB@TBM@ZKCEB@LB@FUTBDEB@LK^FLB]@CBD@EKMUBD@
LB@LFDTBDEB@CB@FCZFDB@@LB@NMEa@B@LN@KF@CB@Qa]@LK@PQQa
@@@@@@@@
vtn
nn9}xnqxkmtrtornyjktjsinpkjkqsrvjnxonijtsvrj~njnwsmf
EFCNHIB@NB@TNEMBZFCNLBM@LK@NE@LKh@TBM@ZKCEB@LBD@TMBLGEBD@MKDGOENCf
tsmnwxnuvxvjij|nuvxstxnxonj}xnqo~tovj~|nqxinjnpkj~rwjwsnwsnwrmf
EMF\GFHIB@WMNEGFEN@TMBUBZFBCNO]@ZBCDBNCEK@TONCB@LK@LFDEMF\GFHIB@N@
DKM@NTMKDKCENLB@gGNCLB@LN@FCDZMFHIB@LB@TMBWMNUN]@TMBKEB@BG@NHIB]@
wsmwsnosnuvsyrjisktsnjotxvrjwxnus~xn rkrmtvrxnwjno~tovj
{NMeWMNVB@CFZBa@@B@ZNDB@LK@_N^KM@UNFD@LK@GU@TNEMBZFCNLBM]@
ZNLN@GU@TBLKMe@MKZK\KM@TMBLGEBD@MKDGOENCEKD@LB@TMBKEB@KU@gGNCEFf
LNLK@TMBTBMZFBCNO@NB@FC^KDEFUKCEB@KVKEGNLB]@MKDTKFENLB@B@OFUFEK@LK@
LKh@TBM@ZKCEB@TNMN@B@ZBCGCEB@LK@FCZKCEF^NLBMKDa
@@@@@@@@
vtnnnnyj~xvnwjnvskkqrjnpmqj~njotxvrjwxnkxn=irtxnwxn
9nsnjnqxvvsmuxkwsktsnssqo}xnxvjisktvrxpkjkqsrvjn
LK@TMBWMNUND]@TMBKEBD@K@NHzKD@ZGOEGMNFD@LK^KMIB@FCEKWMNM@B@MKONEcf
MFB@NCGNO@LK@NEF^FLNLKDa
{NMeWMNVB@CFZBa@@b@^NOBM@LN@MKCCZFN@LK@gGK@EMNEN@B@ZNTGE@DKMe@
MKWFDEMNLB@NCGNOUKCEK@CB@LKUBCDEMNEF^B@LK@\KCKVZFBD@EMF\GEeMFBD@
LN@CFIB@TNMN@FCEKWMNM@ND@FCVBMUNHzKD@ZBUTOKUKCENMKD@`@KF@bMf
HNUKCEeMFN@?CGNOa


?MEa@a@@bD@TMBWMNUND]@TMBKEBD@K@NHzKD@ZGOEGMNFD@N@DKMKU@NCNf
OFDNLBD@CBD@EKMUBD@LB@FCZFDB@@LB@NMEa@@LN@KF@CB@RaP]@LK@PQQP]@
wsysv}xnskspqrjvnmxisktsnjmnuvxwosmnqo~tovjrmnrkwsuskwsktsm
@@@@@@@@
vtnnnmnrkmtrtorsmnqo~tovjrmnmsinpkmn~oqvjtryxmnvssvrwjmn
CB@@B@LB@NMEa@@LN@KF@CB@Z
|nwsn
##
|nuxwsv}xnskspqrjvmsn
wsnrkqsktryxmnpmqjrmnuvssvskqrj~isktsnsinmsomnu~jkxmnjkojrmnwsn
NEF^FLNLKD]@CBD@EKMUBD@LB@FCZFDB@@LB@NMEa@@K@DKGD@@PB@K@Ba
jvvjxnkrqxnnn rkrmtvrxnwjno~tovjnsmtjs~sqsvnxmnqvrf
EMFBD@TNMN@N^NOFNHIB@LND@FCDEFEGFHzKD@MKVKMFLND@CKDEK@NMEFWBa
@@@@@@@@
vtnnnnjuvxyj}xnwxnuvxstxnmsvnuo~rqjwjnkxnrvrxnpf
ZFNO@LN@CFIB]@ZBCEKCLB]@CB@UCFUB]@BD@DKWGFCEKD@LNLBD
@f@EEGOB@LB@TMBKEB
nnkisvxnwsnvsrmtvxnkxn rkrmtvrxnwjno~tovj
@f@CBUK@LB@TMBTBCKCEK@K@MKDTKZEF^B@A{d@BG@A{J
nnstvjtxnwjnuvxuxmtjnjuvxyjwjnus~xn rkrmtvrxnwjno~tovj
@f@^NOBM@K@TMNhB@NGEBMFhNLBD@TNMN@ZNTENHIB@LBD@MKZGMDBD@K
@f@KCgGNLMNUKCEB@gGNCEB@`D@LFDTBDFHzKD@LN@KF@CB@RaP]@
LK@PQQPa
@PBnnmnrkmtrtorsmnskspqrvrjmnk}xnuxwsv}xnvsmmjvqrvmsnwsn
LKDTKDND@KVKEGNLND@KU@LNEN@NCEKMFBM@`@LN@TG\OFZNHIB@LN@TBMENMFN@LK@
NGEBMFhNHIB@TNMN@ZNTENHIB@LK@MKZGMDBDa
@B@@b@TMNhB@UeSFUB@TNMN@ZNTENHIB@LK@MKZGMDBD@ZBFCZFLFMe@
qxinxntvirkxnwxnssvqqrxnpmqj~nsinosnxrnjuvxyjwxnxnuvxstx
@B@@B@ZNDB@LK@CKC_GUN@ZNTENHIB@BG@ZNTENHIB@TNMZFNO@LBD@
MKZGMDBD@NGEBMFhNLBD@CB@TMNhB@KDEN\KOKZFLB]@BD@TMBWMNUND]@TMBKEBD@
K@NHzKD@ZGOEGMNFD@TBLKMIB@DKM@TMBMMBWNLBD]@N@TKLFLB@LB@TMBTBCKCEK]@
CND@ZBCLFHzKD@K@TMNhBD@KDEN\KOKZFLBD@CB@NEB@LK@TMBMMBWNHIB]@LK@
jqxvwxnqxinkxvijmnsuswrwjmnus~xn rkrmtvrxnwjno~tovj
@Bnnkojktxnxn rkrmtvrxnwjno~tovjnk}xnmsnijkrsmtjvn
ojktxnjxnuswrwxnwsnuvxvvxj}x|npqjnxnuvxuxksktsnriuswrwxnwsn
TMBUB^KM@N@ZNTENHIB@LK@MKZGMDBDa
@@@@@@@@
vtnnnmntvjkmsv3kqrjmnpkjkqsrvjmnwxmnrkqsktryjwxvsmnujvjn
xmnvsmusqtryxmnskspqrvrxmnmsv}xnsstojwjm|nwrvstjnsnxvrjtxvrjf
iskts|nsinqxktjnjkqvrjnsmusqpqj|njsvtjnsinrkmtrtor}xnpkjkf
qsrvjnxpqrj~|nwsnjvjk3kqrjnkjqrxkj~|nqvswskqrjwjnus~xn rkrmtvrxn
LN@AGOEGMNa
@@@@@@@@
vtnnnnqxktvx~snwxn@oxnpkjkqsrvxnsktvsnxmnrkqsktryjwxvsmn
snmsomnskspqrvrxmnsmtjs~sqsvmsnuxvnisrxnwxnqvojisktxnwjmn
rkxvijsmnuvsmtjwjmnjxn rkrmtvrxnwjno~tovj|nuxvnujvtsnwsnqjwjn
GU@LKOKD]@LK@UBLB@FCLKTKCLKCEKa
pX%$n
n ""jn99$nn99XnUn%$X%
?MEa@Ra@@ABUTKEK@`@ABUFDDIB@NZFBCNO@LK@CZKCEF^B@`@AGOEGf
MN]@FCDEFEGLN@TKOB@NMEa@@LN@KF@CB@RaP]@LK@PQQP
@f@DG\DFLFNM]@UKLFNCEK@TNMKZKM@EZCFZB@VGCLNUKCENLB@LB@MKf
~jtxvnwsmrkjwx|nkjmnwsqrmsmnwxn rkrmtvrxnwjno~tovjnojktxnjxmn
rkqsktryxmnpmqjrmnsnjxnskojwvjisktxnwxmnuvxvjijm|nuvxstxmnsn
jsmnqo~tovjrmnkjmnpkj~rwjwsmnsnxstryxmnuvsyrmtxmnkjnKF@CB@RaP]@LK@
PQQP]
@B\DKM^NLB@B@TONCB@NCGNO@LB@{b?A
nnmomrwrjvnkjnwspkr}xnwxmnmsisktxmnqo~tovjrmnk}xnuvsyrmf
EBD@KSTMKDDNUKCEK@CBD@ANTEGOBD@@K@@LN@KF@CB@RaP]@LK@PQQP
@f@NCNOFDNM]@TBM@DBOFZFENHIB@LB@DKG@TMKDFLKCEK]@ND@NHzKD@ZBCf
DFLKMNLND@MKOK^NCEKD@K@CIB@TMK^FDEND@CB@NMEa@B@LN@KF@CB@RaP]@LK@
PQQP
8

@f@VBMCKZKM@DG\DLFBD@TNMN@N^NOFNHIB@LB@{b?A]@TMBTBCf
LB@UKLFLND@TNMN@DKG@NTKMVKFHBNUKCEB
@f@KUFEFM@TNMKZKM@DB\MK@MKZGMDBD@NTMKDKCENLBD@ZBCEMN@LKZFf
DzKD@LKDVN^BMe^KFD@`@NTMB^NHIB@LK@TMBWMNUND@K@TMBKEBD@ZGOEGMNFD@
NTMKDKCENLBD
@f@KUFEFM@TNMKZKM@DB\MK@MKZGMDBD@ZBCEMN@LKZFDzKD@LKDVN^BMef
^KFD@gGNCEB@`@N^NOFNHIB@K@TMKDENHIB@LK@ZBCEND@LK@TMBWMNUND]@TMBKf
txmnsnjsmnqo~tovjrmnvsj~rjwxmnqxinvsqovmxmnwsnrkqsktryxmnpmqjrm
@f@NTMKDKCENM@DG\DLFBD@TNMN@N@KON\BMNHIB@LK@TONCB@LK@EMNf
j~lxnjkoj~nwsnrkqsktryxmnpmqjrm|nqxinyrmtjmnnjuvxyj}xnwxnu~jkxn
NCGNO@LB@{b?A
@f@DG\DFLFNM@CN@NTMB^NHIB@LBD@TMBKEBD@LK@gGK@EMNEN@B@FCZFDB@
@LB@NMEa@@K
@f@KSKMZKM@BGEMND@NEMF\GFHzKD@gGK@O_K@VBMKU@ZBCVKMFLND@TKOB@
DKG@TMKDFLKCEKa
@PB@@b@TMKDFLKCEK@LN@ABUFDDIB@TBLKMe@LKOF\KMNM@NL@MKVKMKCLGU@
LB@ZBOKWFNLB]@FCLKTKCLKCEKUKCEK@LB@BVKMKZFUKCEB@TM^FB@LBD@
DG\DLFBD@N@gGK@DK@MKVKMKU@KDEK@NMEFWBa
@B@@?D@LKOF\KMNHzKD@LN@ABUFDDIB@DKMIB@NLBENLND@TBM@UNFBMFN@
DFUTOKD]@ZN\KCLB@NB@DKG@TMKDFLKCEK@GEFOFhNM]@NOU@LB@DKG@^BEB]@B@LK@
oj~rwjws|nujvjnpkmnwsnwsmsiujts
@@@@@@@@
?MEa@Qa@@IB@UKU\MBD@LN@ABUFDDIB@NZFBCNO@LK@CZKCEF^B@`@
AGOEGMN
nnxn rkrmtvxnwsnmtjwxnwjno~tovj|nosnjnuvsmrwrv
@f@BD@TMKDFLKCEKD@LK@ZNLN@GUN@LND@KCEFLNLKD@^FCZGONLND@NB@
rkrmtvrxnwjno~tovj
@f@B@TMKDFLKCEK@LK@KCEFLNLK@CNZFBCNO@gGK@ZBCWMKWN@BD@KZMKf
EeMFBD@LK@AGOEGMN@LND@GCFLNLKD@VKLKMNLND
@f@GU@MKTMKDKCENCEK@LB@KUTMKDNMFNLB@CNZFBCNO@K
@f@DKFD@MKTMKDKCENCEKD@LK@KCEFLNLKD@NDDBZFNEF^ND@LK@DKEBMKD@
ZGOEGMNFD@K@NMEDEFZBD]@LK@U\FEB@CNZFBCNOa
@PB@@bD@UKU\MBD@MKVKMFLBD@CBD@FCZFDBD@@N@@FCLFZNMIB@DKGD@
MKDTKZEF^BD@TMFUKFMB@K@DKWGCLB@DGTOKCEKD]@gGK@BD@DG\DEFEGFMIB@KU@
DGND@NGDCZFND@K@FUTKLFUKCEBD@OKWNFD@K@K^KCEGNFDa
@B@@bD@UKU\MBD@K@DKGD@MKDTKZEF^BD@TMFUKFMB@K@DKWGCLB@
DGTOKCEKD@MKVKMFLBD@CBD@FCZFDBD@@K@@EKMIB@UNCLNEB@LK@LBFD@
NCBD]@TKMUFEFLN@GUN@CFZN@MKZBCLGHIB]@DKCLB@B@TMBZKDDB@LK@DGN@
rkwrqj}xnsmtjs~sqrwxnsinjtxnsmusqpqxnwxn rkrmtvxnwsnmtjwxnwjn
AGOEGMN]@B\KLKZFLBD@BD@ZMFEMFBD@KDEN\KOKZFLBD@CKDEK@KZMKEBa
@B@@?@ABUFDDIB@TBLKMe@ZBCDEFEGFM@WMGTBD@EZCFZBD@ZBU@N@
pkj~rwjwsnwsnjmmsmmxv~jnkxnssvqqrxnwsnmojmnqxiust3kqrjm
@Bnnn rkrmtvrxnwjno~tovjnuvsmtjvnxnjuxrxntqkrqxnsn
NLUFCFDEMNEF^B@NBD@EMN\NO_BD@LN@ABUFDDIBa
@@@@@@@@
?MEa@2a@@?@FCLFZNHIB@LBD@UKU\MBD@MKVKMFLBD@CB@FCZFDB@@LB@
NMEa@Q@LK^KMe@ZBCEKUTONM@ND@DKWGFCEKD@eMKND
@f@NMEKD@ZCFZND
@f@NGLFB^FDGNO
@f@UDFZN
@f@NMEKD@^FDGNFD]@NMEK@LFWFENO@K@KOKEMYCFZN
@f@TNEMFUYCFB@ZGOEGMNO@UNEKMFNO@K@FUNEKMFNO]@FCZOGDF^K@UGDKBf
OcWFZB@K@KSTMKDDzKD@LND@ZGOEGMND@CKWMN]@FCLWKCN]@K@LND@TBTGONHzKD@
EMNLFZFBCNFD@K
@f@_GUNCFLNLKD]@FCZOGDF^K@N@OFEKMNEGMN@K@B\MND@LK@MKVKMCZFNa
@@@@@@@@
?MEa@Pa@@bD@UKU\MBD@LN@ABUFDDIB@NZFBCNO@LK@CZKCEF^B@`@
AGOEGMN@K@MKDTKZEF^BD@DGTOKCEKD]@MKVKMFLBD@CBD@FCZFDBD@@K@@LB@
jvtn#|npqjinriuswrwxmnwsnujvtrqrujvnwjnjuvsqrj}xnwsnuvxvjijm|n
TMBKEBD@K@NHzKD@ZGOEGMNFD@CBD@gGNFD


@f@EKC_NU@FCEKMKDDK@LFMKEB@BG@FCLFMKEB@CN@UNEMFN
@f@EKC_NU@TNMEFZFTNLB@ZBUB@ZBON\BMNLBM@CN@KON\BMNHIB@LB@
TMBKEB@BG@EKC_NU@TNMEFZFTNLB@LN@FCDEFEGFHIB@TMBTBCKCEK@CBD@Of
EFUBD@LBFD@NCBD]@BG@DK@ENFD@DFEGNHzKD@BZBMMKU@gGNCEB@NB@ZYCGWK]@
qxiujklsrvxnxonujvsktsnsnjpkmnjtnxntsvqsrvxnvjons
@f@KDEKNU@OFEFWNCLB@GLFZFNO@BG@NLUFCFDEMNEF^NUKCEK@ZBU@B@
TMBTBCKCEK@BG@MKDTKZEF^B@ZYCGWK@BG@ZBUTNC_KFMBa
{NMeWMNVB@CFZBa@@b@UKU\MB@LN@ABUFDDIB@gGK@FCZBMMKM@KU@FUf
TKLFUKCEB@LK^K@ZBUGCFZNM@B@VNEB@NB@MKVKMFLB@ZBOKWFNLB]@N\DEKCLBf
fDK@LK@NEGNM]@DB\@TKCN@LK@CGOFLNLK@LBD@NEBD@gGK@TMNEFZNMa
@@@@@@@@
?MEa@a@@bD@UKU\MBD@LN@ABUFDDIB@NZFBCNO@LK@CZKCEF^B@`@
AGOEGMN@K@MKDTKZEF^BD@DGTOKCEKD]@MKVKMFLBD@CBD@FCZFDB@@LB@NMEa@Q]@
N\DEKMfDKfIB@LK@NEGNM@CN@NTMKZFNHIB@LK@TMBWMNUND]@TMBKEBD@K@NHzKD@
ZGOEGMNFD@CBD@gGNFD@ND@MKDTKZEF^ND@KCEFLNLKD@^FCZGONLND@EKC_NU@FCf
EKMKDDK@LFMKEB@CN@UNEMFN]@DB\@TKCN@LK@CGOFLNLK@LBD@NEBD@gGK@TMNf
EFZNMKUa
@@@@@@@@
?MEa@a@@b@VGCZFBCNUKCEB@LN@ABUFDDIB@NZFBCNO@LK@CZKCEF^B@
`@AGOEGMN@DKMe@MKWFLB@TBM@CBMUND@FCEKMCND@NTMB^NLND@TKON@UNFBMFN@
N\DBOGEN@LK@DKGD@UKU\MBD]@B\DKM^NLB@B@LFDTBDEB@CKDEK@KZMKEBa
pX%$n
n%$ijnn9
@@@@@@@@
vtnnnmnuvxvjijm|nuvxstxmnsnjsmnqo~tovjrmnpkjkqrjwxmn
ZBU@MKZGMDBD@LB@{b?A@LK^KMIB@NTMKDKCENM]@B\MFWNEBMFNUKCEK]@
TONCBD@LK@LFDEMF\GFHIB@LK@TMBLGEBD@LKOKD@LKZBMMKCEKD]@B\KLKZFLBD@
BD@DKWGFCEKD@ZMFEMFBD
nnjtnwsnuxvnqsktxnwxmnuvxwotxmnqxinjnpkj~rwjwsnwsnwrmtvrf
\GFHIB@WMNEGFEN@TMBUBZFBCNO@TKOB@TNEMBZFCNLBM@K
nnjtnwsnuxvnqsktxnwxmnuvxwotxm|njnqvrtvrxnwxn rkrmtvrxnwjn
o~tovj|nujvjnwrmtvror}xnvjtortjnus~xnskspqrvrx
@@@@@@@@
vtnnn"sv}xnwsmtrkjwjmnjxn rkrmtvrxnwjno~tovj|nxvrjf
EBMFNUKCEK]@TNMN@ZBUTBDFHIB@LB@DKG@NZKM^B@K@LK@DGND@KCEFLNLKD@
^FCZGONLND]@TKOB@UKCBD@DKFD@ZcTFND@LB@TMBLGEB@ZGOEGMNO@BG@LB@MKWFDf
EMB@LN@NHIB@MKNOFhNLN]@MKDGOENCEKD@LK@TMBWMNUND@K@TMBKEBD@K@NHzKD@
qo~tovjrmnpkjkqrjwxmnus~xn9
@@@@@@@@
?MEa@a@@bD@TMBLGEBD@UNEKMFNFD@K@DKM^FHBD@MKDGOENCEKD@LK@NTBFB@
LB@{b?A@DKMIB@LK@KSF\FHIB]@GEFOFhNHIB@K@ZFMZGONHIB@T\OFZND]@
CIB@TBLKCLB@DKM@LKDEFCNLBD@BG@MKDEMFEBD@N@ZFMZGFEBD@TMF^NLBD@BG@N@
ZBOKHzKD@TNMEFZGONMKD]@KSZKEGNLBD@BD@ZNDBD@TMK^FDEBD@CB@ANTEGOB@
@LKDEK@KZMKEBa
@@@@@@@@
vtnnnnxvrjtvrjnjnrkmsv}xnwjn~xxijvqjnwxn rkrmtvrxn
LN@AGOEGMN
@f@CBD@TMBLGEBD@UNEKMFNFD@MKDGOENCEKD@LK@TMBWMNUND]@TMBKEBD@K@
NHzKD@ZGOEGMNFD@MKNOFhNLBD@ZBU@MKZGMDBD@LB@{b?A]@\KU@ZBUB@
CND@NEF^FLNLKD@MKONZFBCNLND@`@DGN@LFVGDIB]@LF^GOWNHIB]@TMBUBHIB]@
LFDEMF\GFHIB]@FCZOGFCLB@TONZN@LN@B\MN]@LGMNCEK@DGN@KSKZGHIB]@K@TONf
qjnusvijksktsnkjnswrpqj}x|nmsiuvsnqxinyrmrr~rwjwsnus~xniskxmn
FWGNO@`@LN@UNMZN@LB@TNEMBZFCNLBM@UNBMFEeMFB@K
@f@KU@TKHND@TMBUBZFBCNFD@K@ZNUTNC_ND@FCDEFEGZFBCNFD@LBD@
TNEMBZFCNLBMKD@gGK@VNHNU@MKVKMCZFN@N@TMBWMNUND]@TMBKEBD@K@NHzKD@
qo~tovjrmnskspqrjwxmnqxinrkqsktryxmnpmqjrm
8

{NMeWMNVB@CFZBa@@?D@OBWBUNMZND@K@BD@ZMFEMFBD@LK@FCDKMHIB@
msv}xnsmtjs~sqrwxmnus~xnijkoj~nwsnrwsktrwjwsnyrmoj~nwxn rkrmtf
vrxnwjno~tovj|njuvxyjwxnus~xn rkrmtvxnwsnmtjwxnwjno~tovj|nsin
ZBCDBCCZFN@ZBU@B@cMWIB@MKDTBCDe^KO@TKON@ZBUGCFZNHIB@DBZFNO@CB@
=irtxnwjnvsmrw3kqrjnwjnsu~rqj|nsnuo~rqjwxnkxnrvrxnpqrj~n
LN@CFIBa
pX%$n
n9Xijnn9nn""X n99$n
@A?
?MEa@Ra@@KMe@KDEN\KOKZFLB@UKZNCFDUB@LK@FCEKMZU\FB@LK@FCf
xvijsmnqxinxmnmtjwxm|n okrqurxmnsnrmtvrtxnswsvj~|nqxinxn
B\KEF^B@LK@DK@K^FENM@LGTOFZFLNLK@KCEMK@KDDND@KDVKMND@K@B@{b?A@
CB@NTBFB@NBD@TMBWMNUND]@TMBKEBD@K@NHzKD@KSKZGENLBD@CND@MKDTKZEFf
^ND@GCFLNLKD@VKLKMNLNDa
@PB@@IB@DK@ZBCDFLKMN@LGTOFZFLNLK@N@NWMKWNHIB@LK@MKZGMDBD]@
kxmnwrsvsktsmnkysrmnwsnxysvkx|nujvjnqxsvtovjnpkjkqsrvjnwsn
TMBWMNUND]@TMBKEBD@K@NHzKD]@LKDLK@gGK@ND@FUTBMECZFND@NGEBMFhNLND@
CND@^eMFND@KDVKMND@CIB@GOEMNTNDDK@B@DKG@^NOBM@EBENOa
@B@@?@NWMKWNHIB@LK@MKZGMDBD@N@gGK@DK@MKVKMK@B@@PB@CIB@KSFUK@
B@TMBTBCKCEK@LN@NTMB^NHIB@LB@TMBKEB@KU@ZNLN@C^KO@LK@WB^KMCB]@
CBD@EKMUBD@LND@MKDTKZEF^ND@OKWFDONHzKDa
@B@@?@ZNTENHIB@LK@MKZGMDBD@KU@LGTOFZFLNLK@BG@N@BUFDDIB@
wsnrkxvij}xnvs~jtryjnjxnvsqsrisktxnwsnjuxrxnpkjkqsrvxnwsn
gGNFDgGKM@BGEMND@VBCEKD@DGKFENMe@B@TMBTBCKCEK@`D@DNCHzKD@K@
TKCNOFLNLKD@TMK^FDEND@CN@KF@CB@RaP]@LK@PQQP]@K@CN@OKWFDONHIB@KDf
TKZFNO@NTOFZe^KOa
pX%$n
?@{bkl@J?@@??
@@@@@@@@
vtn#nnn rkrmtvrxnwjno~tovjnqxkqswsvnjkoj~isktsnqsvtrf
pqjwxnwsnvsqxklsqrisktxnjnrkysmtrwxvsm|nskspqrvrxmnsnsktrwjwsmn
ZGOEGMNFD@gGK@DK@LKDENZNMKU@TKON@ZBCEMF\GFHIB@`@MKNOFhNHIB@LBD@B\f
stryxmnwxn9|nkjnxvijnwspkrwjnsinjtxnwxn rkrmtvrxnwjn
AGOEGMNa
jvvjxnkrqxnn"svnjqo~tjwjnjnotr~rj}xnwxnqsvtrpqjwxnjn
osnmsnvssvsnxnqjuotnus~xnmsonwstsktxv|nujvjnpkmnuvxixqrxkjrm|n
qxkmxjktsnkxvijmnsmtjs~sqrwjmnus~xn rkrmtvrxnwjno~tovj
@@@@@@@@
?MEa@2a@@B@TMNhB@LK@NE@ZKCEB@K@^FCEK@LFND@N@ZBCENM@LN@TG\OFf
qj}xnwsmtsnsqvstx|nxn rkrmtvxnwsnmtjwxnwjno~tovjnsuswrvnjmn
FCDEMGHzKD@CKZKDDeMFND@TNMN@DKG@ZGUTMFUKCEBa
@@@@@@@@
?MEa@Pa@@bD@TMBWMNUND@K@TMBKEBD@ZGOEGMNFD@NTMB^NLBD@ZBU@
\NDK@CB@LFDTBDEB@CBD@KZMKEBD@CBD@aQ]@LK@PB@LK@BGEG\MB@LK@22]@
K@aR@LK@@LK@CB^KU\MB@LK@22]@TBLKMIB@TKMUNCKZKM@^eOFLBD@
NE@B@OEFUB@LFN@EFO@LB@KSKMZZFB@LK@22]@B\DKM^NLB@B@DKWGFCEK
@f@CB@ZNDB@LK@ZNTENHIB@TNMZFNO@LK@MKZGMDBD]@TBLKMIB@BD@DKGD@
vsmuxkmysrmnjuvsmsktjvnuvsmtj}xnwsnqxktjmnpkj~nxonjwsojvmsnmn
CBMUND@ZBCEFLND@CKDEK@KZMKEB@K
nnkxnqjmxnwsnk}xnqjutj}xnwsnvsqovmxm|nuxwsv}xnmsvnwspf
CFEF^NUKCEK@KCZKMMNLBD@BG@NLKgGNLBD@`D@CBMUND@ZBCEFLND@CKDEK@
KZMKEBa
jvvjxnkrqxnnjvjnpkmnwsnvsyj~rwj}xnwjnjotxvrj}xnujvjn
qjutj}xnwsnvsqovmxm|njnjwsoj}xnwsysvnmsvnmx~rqrtjwjnjxn rkrmf
EMFB@LN@AGOEGMN]@gGK@KUFEFMe@TNMKZKM@`@OGh@LND@LFDTBDFHzKD@LKDEK@
KZMKEBa@@@@@@@@


?MEa@a@@bD@TMBKEBD@K@TMBWMNUND@e@NTMB^NLBD@ZBU@\NDK@
CB@KZMKEB@CB@PaQ]@LK@P@LK@UNFB@LK@PQQ]@TKMUNCKZKMIB@^eOFLBD@
K@^FWKCEKD]@CN@VBMUN@LN@OKWFDONHIB@NTOFZe^KO@`@LNEN@LK@DGN@NTMB^Nf
}x|njtnxnpkj~nwxnuvjxnujvjnjnqjutj}xnwsnvsqovmxm
{NMeWMNVB@CFZBa@@KZBMMFLB@B@TMNhB@LK@ZNTENHIB@LK@MKZGMDBD]@
xmnuvxstxmnuxwsv}xnmsvnuvxvvxjwxm|njnqvrtvrxnwxn rkrmtvrxnwjn
AGOEGMNa
@@@@@@@@
vtnnnn rkrmtvrxnwjnjskwjnsnxn rkrmtvrxnwjno~tovjn
wrmqru~rkjv}x|nsinjtxnqxkoktx|nxmnuvxqswrisktxmnujvjnjnpmqj~rjf
HIB@LBD@MKZGMDBD@NTBMENLBD@TKOBD@FCZKCEF^NLBMKD@KU@TMBWMNUND]@
TMBKEBD@K@NHzKD@ZGOEGMNFD]@ZBU@^FDEND@`@NTGMNHIB@LB@UBCENCEK@LN@
vskkqrjnpmqj~nwsnosntvjtjnsmtsnsqvstx|nkxmntsvixmnwxnjvtnnwjn
KF@CB@RaP]@LK@PQQPa
@@@@@@@@
?MEa@a@@DEK@KZMKEB@KCEMN@KU@^FWBM@CN@LNEN@LK@DGN@TG\OFZNf
HIBa
@@@@@@@@
?MEa@a@@JFZNU@MK^BWNLBD@BD@KZMKEBD@CBD@PaQ]@LK@P@LK@UNFB@
LK@PQQ]@aR]@LK@P@LK@UNFB@LK@PQQR]@aQ]@LK@PB@LK@BGEG\MB@LK@
22]@K@aR]@LK@@LK@CB^KU\MB@LK@22a
@@@@@@@@
vjm~rj|nnwsnjvr~nwsnn
ZB@LN@CLKTKCLCZFN@K@PPRB@LN@
KT\OFZNa
@@Ab@?@?@?
4'61+& )3-)
)4.1+,-(3)(61+'.)
'.-(1+'.
DEK@EKSEB@CIB@DG\DEFEGF@B@TG\OFZNLB@CB@b@LK@Raa22@
snvstrpqjwxnkxn%nwsn

e5 e 5455{x{{55{55e55}{{
63855xx}{{
FDTzK@DB\MK@BD@TMBZKLFUKCEBD@N@DKMKU@NLBENLBD@TNMN@VMGFf
}xnwxmnsksqrxmnpmqjrmnvs~jtryxmnjxniuxmtxnmxvsnjnskwjnwjmn
{KDDBND@JDFZND@CND@LBNHzKD@NBD@JGCLBD@LBD@FMKFEBD@LN@AMFNCHN@K@
LB@?LBOKDZKCEK]@CND@LBNHzKD@NBD@JGCLBD@LB@LBDB]@CBD@FC^KDEFUKCf
EBD@K@TNEMBZCFBD@KU@B\MND@NGLFB^FDGNFD]@CND@LBNHzKD@K@TNEMBZCFBD@
LK@TMBKEBD@ZGOEGMNFD]@CND@LBNHzKD@K@TNEMBZCFBD@KU@TMBKEBD@LKDf
TBMEF^BD@K@TNMNLKDTBMEF^BD]@CND@LBNHzKD@K@TNEMBZCFBD@LFMKENUKCEK@
KVKEGNLBD@NB@{MBWMNUN@NZFBCNO@LK@?TBFB@`@?EKCHIB@bCZBOcWFZN@
{MBCBC@K@NB@{MBWMNUN@NZFBCNO@LK@?TBFB@`@?EKCHIB@LN@NLK@
wjnsmmxjnqxinspqr3kqrjnvxkjmnsnkjnqxktvror}xnujtvxf
CNO@TNWN@`@{MK^FLCZFN@BZFNO@FCZFLKCEK@DB\MK@N@MKUGCKMNHIB@LB@
siuvsjwxnwximtrqxn~tsvjwjnus~jnkmtvo}xn9xvijtryjnnkn
PaPP]@LK@R@LK@LKhKU\MB@LK@2Pa
b@017412v4356
541712
51614
956354
g
09]@CB@GDB@LN@NEMF\GFHIB@gGK@O_K@ZBCVKMK@B@FCZFDB@@LB@NMEa@R2@
wxnsrisktxnktsvkxnwjn"sqvstjvrjnwjnsqsrtjnswsvj~nwxnvjmr~|n
juvxyjwxnus~jnxvtjvrjn nkn|nwsn
nwsnijrxnwsn
|nsntskwxn
KU@^FDEN@B@LFDTBDEB@CN@KF@C@Ra2Q]@LK@P@LK@GO_B@LK@PQQ2]@CN@
81

KF@C@Ra]@LK@P@LK@BGEG\MB@LK@PQQP]@CN@KF@C@RaP]@LK@@
LK@LKhKU\MB@LK@PQQP]@CN@KF@C@RaR]@LK@2@LK@GO_B@LK@PQQ]@
CN@KF@C@Qa2]@LK@@LK@LKhKU\MB@LK@PQQ@]@CN@KF@C@Qa]@LK@
P2@LK@LKhKU\MB@LK@PQQ]@CN@KF@C@QaR]@LK@@LK@CB^KU\MB@LK@

###|nkjn swrwjnvxyrmvrjnknZ
|nwsnnwsnmstsivxnwsn
|n
CN@KF@C@P2a]@LK@P@LK@UNFB@LK@22]@CN@KF@C@PPa]@LK@PQ@
LK@GO_B@LK@22]@CN@KF@C@PPa]@LK@R@LK@LKhKU\MB@LK@22]@
CN@KF@C@PPaR]@LK@Q@LK@LKhKU\MB@LK@22]@CN@KF@C@PPa]@
LK@@LK@UNFB@LK@22]@CN@KF@C@PPa]@LK@P2@LK@UNMHB@LK@22R]@
CN@KF@C@PaP]@LK@2@LK@NCKFMB@LK@2P2]@CBD@NMEDa@P@K@P@LN@KF@
C@Pa]@LK@2@LK@LKhKU\MB@LK@2P2]@CB@NMEa@R@LN@KF@C@PaQ]@
LK@PR@LK@NCKFMB@LK@2P]@CBD@NMEDa@P@N@]@P2]@P@K@P@LN@KF@C@

|nwsn
nwsnmstsivxnwsn
|nsnkxnjvtn
nwjn swrwjnvxyrf
DcMFN@C@R]@LK@2@LK@DKEKU\MB@LK@2P]
ez 5swj}xnwjwjnus~jnkmtvo}xn9xvijtryjnnkn
PaPP]@LK@R@LK@LKhKU\MB@LK@2P

x5{@bD@TMBZKLFUKCEBD@N@DKMKU@NLBENLBD@TNMN@VMGFHIB@LBD@
sksqrxmnpmqjrmnvs~jtryxmnjxniuxmtxnmxvsnjnskwjnwjmnsmmxjmn
JDFZND@CND@LBNHzKD@NBD@JGCLBD@LBD@FMKFEBD@LN@AMFNCHN@K@LB@?LBf
OKDZKCEK]@CND@LBNHzKD@NBD@JGCLBD@LB@LBDB]@CBD@FC^KDEFUKCEBD@K@
TNEMBZCFBD@KU@B\MND@NGLFB^FDGNFD]@CND@LBNHzKD@K@TNEMBZCFBD@LK@
TMBKEBD@ZGOEGMNFD]@CND@LBNHzKD@K@TNEMBZCFBD@KU@TMBKEBD@LKDTBMf
EF^BD@K@TNMNLKDTBMEF^BD]@CND@LBNHzKD@K@TNEMBZCFBD@LFMKENUKCEK@
KVKEGNLBD@NB@{MBWMNUN@NZFBCNO@LK@?TBFB@`@?EKCHIB@bCZBOcWFZN@
{MBCBC@K@NB@{MBWMNUN@NZFBCNO@LK@?TBFB@`@?EKCHIB@LN@NLK@LN@
smmxjnqxinspqr3kqrjnvxkjmnsnkjnqxktvror}xnujtvxkj~n
TNWN@`@{MK^FLCZFN@BZFNO@FCZFLKCEK@DB\MK@N@MKUGCKMNHIB@LB@KUf
TMKWNLB@LBUDEFZB@DIB@KVKEGNLBD@LK@NZBMLB@ZBU@ND@LFDTBDFHzKD@
LKDEN@CDEMGHIB@BMUNEF^Na@KLNHIB@LNLN@TKON@CDEMGHIB@BMUNf
tryjnnkn

|nwsnZnwsnwssivxnwsn

7ze555
63058 6305630564123056
574
c
515635
63g
91071 21
0e55
656e54z56 5e5e5 ez5
156z55f 5
swj}xnwjwjnus~jnkmtvo}xn9xvijtryjnnkn

|nwsnZnwsn
LKhKU\MB@LK@2P
0ye55
6e5e5z5
swj}xnwjwjnus~jnkmtvo}xn9xvijtryjnnkn

|nwsnZnwsn
LKhKU\MB@LK@2P

x55?@TKDDBN@VDFZN@TBLK@LKLGhFM@LB@FUTBDEB@NTGMNLB@CN@
KZONMNHIB@LK@?GDEK@?CGNO@N@gGK@DK@MKVKMK@B@NMEa@@ND@LBNHzKD@
VKFEND@KU@KDTZFK@BG@KU@\KCD]@CB@NCBfZNOKCLeMFB@NCEKMFBM@`@MKVKMFLN@
LKZONMNHIB]@NBD@JGCLBD@NZFBCNO]@KDENLGNFD]@FDEMFENO@K@UGCFZFTNFD@
LBD@FMKFEBD@LN@AMFNCHN@K@LB@?LBOKDZKCEKa@KLNHIB@LNLN@TKON@CDf
tvo}xn9xvijtryjnnkn

|nwsnZnwsnwssivxnwsn

{NMeWMNVB@CFZBa@?D@FUTBMECZFND@LKLGhFLND@N@EEGOB@LK@LBNf
HzKD@DGKFENUfDK@`@ZBUTMB^NHIB]@TBM@UKFB@LK@LBZGUKCEBD@KUFf
EFLBD@TKOBD@ZBCDKO_BD@WKDEBMKD@LBD@MKDTKZEF^BD@VGCLBDa@KLNHIB@
wjwjnus~jnkmtvo}xn9xvijtryjnnkn

|nwsnZnwsnwssivxn
LK@2P


0ye55
6e59 5
swj}xnwjwjnus~jnkmtvo}xn9xvijtryjnnkn

|nwsnZnwsn
LKhKU\MB@LK@2P

x5@?@LKLGHIB@LK@gGK@EMNEN@B@NMEa@@LK^K@NEKCLKM@NB@OFUFEK@
WOB\NO@KDEN\KOKZFLB@CB@NMEa@a@KLNHIB@LNLN@TKON@CDEMGHIB@BMf
ijtryjnnkn

|nwsnZnwsnwssivxnwsn

0ye55
6e57e e5
swj}xnwjwjnus~jnkmtvo}xn9xvijtryjnnkn

|nwsnZnwsn
LKhKU\MB@LK@2P

x5|5bD@cMWIBD@MKDTBCDe^KFD@TKON@NLUFCFDEMNHIB@LND@ZBCEND@
LBD@JGCLBD@LBD@FMKFEBD@LN@AMFNCHN@K@LB@?LBOKDZKCEK@NZFBCNO]@KDf
tjwojrm|nrmtvrtj~nsniokrqrujrm|nskspqrjwxmnus~jmnwxjsm|nwsysin
KUFEFM@MKZF\B@KU@VN^BM@LB@LBNLBM]@NDDFCNLB@TBM@TKDDBN@ZBUTKEKCf
tsnsnus~xnuvsmrwsktsnwxnxkms~lxnqxvvsmuxkwskts|nsmusqrpqjkwxn
swj}xnwjwjnus~jnkmtvo}xn9xvijtryjnnkn

|nwsnZnwsn
LKhKU\MB@LK@2P
@f@B@CUKMB@LK@BMLKU@KLNHIB@LNLN@TKON@CDEMGHIB@BMUNf
tryjnnkn

|nwsnZnwsnwssivxnwsn

@f@B@CBUK]@CUKMB@LK@FCDZMFHIB@CB@ANLNDEMB@NZFBCNO@LN@{KDf
DBN@dGMLFZN@A{d@K@B@KCLKMKHB@LB@KUFEKCEK@KLNHIB@LNLN@TKON@
kmtvo}xn9xvijtryjnnkn

|nwsnZnwsnwssivxnwsn

@f@B@CBUK]@CUKMB@LK@FCDZMFHIB@CB@ANLNDEMB@LK@{KDDBND@Jf
DFZND@A{J@LB@LBNLBM@KLNHIB@LNLN@TKON@CDEMGHIB@BMUNEF^N@
nkn

|nwsnZnwsnwssivxnwsn

@f@N@LNEN@LN@LBNHIB@K@^NOBM@MKZK\FLB@K@KLNHIB@LNLN@TKON@
kmtvo}xn9xvijtryjnnkn

|nwsnZnwsnwssivxnwsn

@f@B@NCBfZNOKCLeMFB@N@gGK@DK@MKVKMK@N@LBNHIBa@KLNHIB@LNLN@
us~jnkmtvo}xn9xvijtryjnnkn

|nwsnZnwsnwssivxnwsn
2P
@P@b@ZBUTMB^NCEK@LK@gGK@EMNEN@B@ZNTGE@TBLK@DKM@KUFEFLB@
NCGNOUKCEK]@LKDLK@gGK@DKNU@LFDZMFUFCNLBD@BD@^NOBMKD@LBNLBD@UD@
jni3mnswj}xnwjwjnus~jnkmtvo}xn9xvijtryjnnkn

|nwsn
R@LK@LKhKU\MB@LK@2P
@@B@ZNDB@LK@LBNHIB@KU@\KCD]@B@ZBUTMB^NCEK@LK^K@ZBCEKM@
jnrwsktrpqj}xnwxmnskm|niswrjktsnwsmqvr}xnsinqjiuxnuvuvrxn
BG@KU@MKONHIB@NCKSN@NB@ZBUTMB^NCEK]@FCVBMUNCLB@ENU\U]@DK@
_BG^K@N^NOFNHIB]@B@CBUK]@CUKMB@LK@FCDZMFHIB@CB@A{J@BG@CB@
A{d@K@KCLKMKHB@LBD@N^NOFNLBMKDa@KLNHIB@LNLN@TKON@CDEMGHIB@
9xvijtryjnnkn

|nwsnZnwsnwssivxnwsn

0ye55
656ee5 55
swj}xnwjwjnus~jnkmtvo}xn9xvijtryjnnkn

|nwsnZnwsn
LKhKU\MB@LK@2P

x55N@_FTcEKDK@LK@LBNHIB@KU@\KCD]@B@LBNLBM@LK^KMe@
swj}xnwjwjnus~jnkmtvo}xn9xvijtryjnnkn

|nwsnZnwsn
LKhKU\MB@LK@2P
@f@ZBUTMB^NM@N@TMBTMFKLNLK@LBD@\KCD@UKLFNCEK@LBZGUKCENHIB@
lr~nswj}xnwjwjnus~jnkmtvo}xn9xvijtryjnnkn

|nwsn
R@LK@LKhKU\MB@LK@2P
nnjrjvnxmnskmnwxjwxmnkjnsq~jvj}xnwsnskmnsnrvsrtxmn
LN@KZONMNHIB@LK@?GDEK@?CGNO@K@KLNHIB@LNLN@TKON@CDEMGHIB@
9xvijtryjnnkn

|nwsnZnwsnwssivxnwsn

@f@ZBCDFLKMNM@ZBUB@^NOBM@LBD@\KCD@LBNLBD@B@^NOBM@ZBCDENCEK@
wjn~trijnsq~jvj}xnwsnskmnsnrvsrtxmnwjnsq~jvj}xnwsnomtsn
?CGNO]@LKDLK@gGK@CIB@KSZKLN@B@^NOBM@LK@UKMZNLB]@BG@B@TNWB]@CB@
ZNDB@LK@\KCD@NLgGFMFLBD@CB@UKDUB@NCB@LN@LBNHIBa@KLNHIB@LNLN@
us~jnkmtvo}xn9xvijtryjnnkn

|nwsnZnwsnwssivxnwsn
2P
87

{NMeWMNVB@CFZBa@b@TMKHB@B\EFLB@KU@ZNDB@LK@OKFOIB@CIB@DKMe@
ZBCDFLKMNLB@CN@LKEKMUFCNHIB@LB@^NOBM@LBD@\KCD@LBNLBD]@KSZKEB@DK@
B@OKFOIB@VBM@LKEKMUFCNLB@TBM@NGEBMFLNLK@GLFZFeMFNa@KLNHIB@LNLN@
us~jnkmtvo}xn9xvijtryjnnkn

|nwsnZnwsnwssivxnwsn
2P
0ye55
65ze55e55e e5
swj}xnwjwjnus~jnkmtvo}xn9xvijtryjnnkn

|nwsnZnwsn
LKhKU\MB@LK@2P

x555n"sqvstjvrjnwjnsqsrtjnswsvj~nwxnvjmr~nnpmf
ZNOFhNMe]@CB@U\FEB@LK@DGND@NEMF\GFHzKD]@N@ZNTENHIB@LBD@MKZGMDBD@
KVKEGNLN@CN@VBMUN@LB@NMEa@@@a
@P@{NMN@KVKFEB@LB@LFDTBDEB@CB@ZNTGE]@BD@cMWIBD@MKDTBCDe^KFD@
TKON@NLUFCFDEMNHIB@LND@ZBCEND@LBD@JGCLBD@LBD@FMKFEBD@LN@AMFNCHN@
snwxnwx~smqsktsnwsysv}xnrkxvijvnjkoj~isktsnnnxmnwjwxmn
vs~jtryxmnjxnyj~xvnwjmnwxjsmnvsqsrwjmnrwsktrpqjkwxnkisvxnwsn
rkmqvr}xnkxn|nyj~xvnwxjwxnsnsmusqrpqjkwxnmsnjnwxj}xnxrnsin
KDTZFK@BG@KU@\KCD]@CBD@EKMUBD@LB@NMEa@a@KLNHIB@LNLN@TKON@
kmtvo}xn9xvijtryjnnkn

|nwsnZnwsnwssivxnwsn

@@U@ZNDB@LK@LKDZGUTMFUKCEB@LND@B\MFWNHzKD@TMK^FDEND@
kxnn
|njnnwjvnqxklsqrisktxnwxnjtxnjxn rkrmtvrxn~rqxn
swj}xnwjwjnus~jnkmtvo}xn9xvijtryjnnkn

|nwsnZnwsn
LKhKU\MB@LK@2P
0ye55
65z5
swj}xnwjwjnus~jnkmtvo}xn9xvijtryjnnkn

|nwsnZnwsn
LKhKU\MB@LK@2P

x55b@LKDZGUTMFUKCEB@LND@LKEKMUFCNHzKD@LBD@NMEDa@@K@
@DGKFEN@B@FCVMNEBM@`@UGOEN@LK@@R2]Q@BFEKCEN@MKNFD@K@DKEKCEN@K@
CB^K@ZKCEN^BD@N@@]P@LGhKCEBD@K@gGNMKCEN@K@LBFD@MKNFD@K@ZFCf
gGKCEN@K@GU@ZKCEN^BD]@TBM@ZBUTMB^NCEK@BG@MKONHIB@CIB@KCEMKWGKa@
swj}xnwjwjnus~jnkmtvo}xn9xvijtryjnnkn

|nwsnZnwsn
LKhKU\MB@LK@2P
0e55
656e54z56 556ze55
5

z@
kq~owjnus~jnkmtvo}xn9xvijtryjnnkn

|nwsnZnwsnwsf
hKU\MB@LK@2P
0ye55
6e5e5z5
kq~owjnus~jnkmtvo}xn9xvijtryjnnkn

|nwsnZnwsnwsf
hKU\MB@LK@2P

x5g
@?@TKDDBN@VDFZN@TBLK@LKLGhFM@LB@FUTBDEB@NTGMNLB@
CN@KZONMNHIB@LK@?GDEK@?CGNO]@N@gGK@DK@MKVKMK@B@NMEa@]@ND@LBNf
HzKD@KVKEGNLND@CB@TMcTMFB@KSKMZZFB@NE@N@LNEN@LK@^KCZFUKCEB@LN@
P@TMFUKFMN@gGBEN@BG@LN@gGBEN@CFZN@LB@FUTBDEB@NBD@JGCLBD@LBD@
FMKFEBD@LN@AMFNCHN@K@LB@?LBOKDZKCEK@NZFBCNO]@KDENLGNFD]@FDEMFENO@
xoniokrqrujrmnkq~owxnus~jnkmtvo}xn9xvijtryjnnkn

|n
LK@R@LK@LKhKU\MB@LK@2P
0ye55
6e59 5
kq~owjnus~jnkmtvo}xn9xvijtryjnnkn

|nwsnZnwsnwsf
hKU\MB@LK@2P

x5g@?@LBNHIB@LK@gGK@EMNEN@B@NMEa@Rf?@TBLKMe@DKM@LKLGhFf
LN@NE@B@TKMZKCEGNO@LK@ @EMD@TBM@ZKCEB@NTOFZNLBD@DB\MK@B@FUTBDf
EB@NTGMNLB@CN@LKZONMNHIB]@B\DKM^NLB@B@OFUFEK@WOB\NO@KDEN\KOKZFLB@
kxnjvtnnkq~owxnus~jnkmtvo}xn9xvijtryjnnkn

|nwsnZn
LK@LKhKU\MB@LK@2P
0ye55
657e5
kq~owjnus~jnkmtvo}xn9xvijtryjnnkn

|nwsnZnwsnwsf
hKU\MB@LK@2P

x5g75?@LKLGHIB@LK@gGK@EMNEN@B@NMEa@Rf?@CZOGLB@TKON@
kmtvo}xn9xvijtryjnnkn

|nwsnZnwsnwssivxnwsn

@f@CIB@DK@NTOFZN@`@TKDDBN@VDFZN@gGK@NTMKDKCENM@N@LKZONMNHIB@
VBMN@LB@TMNhB]@ZBCVBMUK@LFDTzK@B@NMEa@@CZOGLB@TKON@CDEMGHIB@
9xvijtryjnnkn

|nwsnZnwsnwssivxnwsn

@f@Dc@DK@NTOFZN@`D@LBNHzKD@KU@KDTZFK@K@CZOGLB@TKON@CDEMGf
}xn9xvijtryjnnkn

|nwsnZnwsnwssivxnwsn

@f@CIB@KSZOGF@BG@MKLGh@BGEMBD@\KCKVZFBD@BG@LKLGHzKD@KU@
yrxvnkq~owxnus~jnkmtvo}xn9xvijtryjnnkn

|nwsnZnwsn
LKhKU\MB@LK@2P
0ye55
6e5 e@
kq~owjnus~jnkmtvo}xn9xvijtryjnnkn

|nwsnZnwsnwsf
hKU\MB@LK@2P

x5g6@b@TNWNUKCEB@LN@LBNHIB@LK@gGK@EMNEN@B@NMEa@Rf?@LK^K@
DKM@KVKEGNLB@NE@N@LNEN@LK@^KCZFUKCEB@LN@P@TMFUKFMN@gGBEN@BG@LN@
gGBEN@CFZN@LB@FUTBDEB]@NE@B@KCZKMMNUKCEB@LB@_BMeMFB@LK@KSTKf
wrsktsnjkqvrxnwjmnrkmtrtorsmnpkjkqsrvjmnjotxvrjwjm|nrkq~omrysn
DK@MKNOFhNLB@TKON@CEKMCKE@BG@TBM@EKMUFCNO@LK@NGEBNEKCLFUKCEBa@Cf
q~owxnus~jnkmtvo}xn9xvijtryjnnkn

|nwsnZnwsnwssivxn
LK@2P
@P@b@CIB@TNWNUKCEB@LN@LBNHIB@CB@TMNhB@KDEN\KOKZFLB@CB@
qjuotnriu~rqjnjn~xmjnwspkrtryjnwsmtjnujvqs~jnwsnwswo}x|npqjkwxn
N@TKDDBN@VDFZN@B\MFWNLN@NB@MKZBO_FUKCEB@LN@LFVKMKCHN@LK@FUTBDEB@
LK^FLB@NTGMNLB@CN@KZONMNHIB@LK@?GDEK@?CGNO@ZBU@BD@NZMDZFUBD@
OKWNFD@TMK^FDEBD@CN@OKWFDONHIBa@CZOGLB@TKON@CDEMGHIB@BMUNEF^N@
nkn

|nwsnZnwsnwssivxnwsn

@@?TcD@B@TMNhB@TMK^FDEB@TNMN@N@NTMKDKCENHIB@LN@KZONMNHIB@
wsnomtsnkoj~|nk}xnmsvnjwirtrwjnvstrpqj}xnosntskljnuxvn
B\KEF^B@B@NGUKCEB@LB@UBCENCEK@LKLGE^KOa@CZOGLB@TKON@CDEMGHIB@
9xvijtryjnnkn

|nwsnZnwsnwssivxnwsn

@@b@TMBWMNUN@LN@KZONMNHIB@LK@?GDEK@?CGNO@KUFEFMe@GU@
jvnujvjnxnujjisktxnwsnqjwjnwxj}xnjxnokwxnskspqrvrxn
FCLFZNLB]@CB@^NOBM@FCVBMUNLB@TKOB@LKZONMNCEK@K@ZBU@ZcLFWB@
LK@MKZKFEN@P]@gGK@CIB@DK@ZBCVGCLK@ZBU@B@NMV@KUFEFLB@TNMN@
TNWNUKCEB@LK@K^KCEGNO@DNOLB@LK@FUTBDEB@DB\MK@N@MKCLN@LK^FLBa@
kq~owxnus~jnkmtvo}xn9xvijtryjnnkn

|nwsnZnwsn
LKhKU\MB@LK@2P
@@b@TNWNUKCEB@LN@LBNHIB@FCVBMUNLN@CN@KZONMNHIB@LK@
?GDEK@?CGNO@LK^KMe@DKM@MKNOFhNLB@UKDUB@gGK@N@TKDDBN@VDFZN@
EKC_N@LFMKFEB@N@MKDEFEGFHIB@BG@EKC_N@BTENLB@TKOB@TNWNUKCEB@LB@
DNOLB@LK@FUTBDEB@TBM@UKFB@LK@L\FEB@NGEBUeEFZB@KU@ZBCENfZBMMKCEK@
jkqvrjnkq~owxnus~jnkmtvo}xn9xvijtryjnnkn

|nwsnZn
LK@LKhKU\MB@LK@2P
@@UN@^Kh@MKZBO_FLB@B@UBCENCEK@FCLFZNLB@CB@NMV]@N@
LBNHIB@KVKEGNLN@NB@VGCLB@CKOK@FCLFZNLB@EBMCNfDK@FMMK^KMD^KO@K@
K^KCEGNO@^NOBM@MKZBO_FLB@N@UNFBM@gGK@B@TNDD^KO@LK@LKLGHIB@DKMe@
ENU\U@MKTNDDNLB@NB@VGCLB@FCLFZNLB]@CIB@ZN\KCLB@LK^BOGHIB]@
ZBUTKCDNHIB@BG@LKLGHIB@LKDDK@^NOBMa@CZOGLB@TKON@CDEMGHIB@
9xvijtryjnnkn

|nwsnZnwsnwssivxnwsn

88

@@K@B@^NOBM@MKZBO_FLB@VBM@UKCBM@gGK@B@FCVBMUNLB@CN@
LKZONMNHIB]@B@ZBCEMF\GFCEK@CZOGLB@TKON@CDEMGHIB@BMUNEF^N@
nkn

|nwsnZnwsnwssivxnwsn

@f@TBLKMe]@NE@N@LNEN@LK@^KCZFUKCEB@LN@P@TMFUKFMN@gGBEN@BG@
LN@gGBEN@CFZN@LB@FUTBDEB]@ZBUTOKUKCENM@B@MKZBO_FUKCEB@BG@Cf
q~owxnus~jnkmtvo}xn9xvijtryjnnkn

|nwsnZnwsnwssivxn
LK@2P
@f@LK^KMe]@LKCEMB@LB@TMNhB@LKZNLKCZFNO@K@LKDLK@gGK@CIB@KDEKN@
mxnuvxqswrisktxnwsnxqrx|nvstrpqjvnjnsq~jvj}xnwsnomtsnkoj~n
TNMN@ZBMMFWFM@N@FCVBMUNHIB@MKVKMKCEK@NB@^NOBM@LBNLBa@CZOGLB@TKON@
kmtvo}xn9xvijtryjnnkn

|nwsnZnwsnwssivxnwsn

@@K@B@^NOBM@MKZBO_FLB@VBM@UNFBM@gGK@B@FCVBMUNLB@CN@
LKZONMNHIB]@B@ZBCEMF\GFCEK@CZOGLB@TKON@CDEMGHIB@BMUNEF^N@
nkn

|nwsnZnwsnwssivxnwsn

@f@TBLKMe]@NE@N@LNEN@LK@^KCZFUKCEB@LN@P@TMFUKFMN@gGBEN@BG@
wjnoxtjnkrqjnwxnriuxmtx|nvstrpqjvnjnsq~jvj}xnwsnomtsnkoj~n
TNMN@ZBMMFWFM@N@FCVBMUNHIB@MKVKMKCEK@NB@^NOBM@LBNLB]@MKDTKFENLBD@BD@
~rirtsmnsmtjs~sqrwxmnkxmnjvtmnZnsnnxonkq~owxnus~jnkmtvof
}xn9xvijtryjnnkn

|nwsnZnwsnwssivxnwsn

@f@LK^KMe@ZBCDFLKMNM@ZBUB@CIB@LKLGE^KO@B@^NOBM@MKZBO_FLB@
osno~tvjujmmjvnxmn~rirtsmnsmtjs~sqrwxmnkxmnjvtmnZnsn|nxmsvf
yjwxnxnwrmuxmtxnkxnnnkq~owxnus~jnkmtvo}xn9xvijtryjnn
C@PaPP]@LK@R@LK@LKhKU\MB@LK@2P
@R@b@TNWNUKCEB@LK@gGK@EMNEN@B@ZNTGE@CIB@KDEe@DGKFEB@N@
ujvqs~jisktxnkq~owxnus~jnkmtvo}xn9xvijtryjnnkn

|n
LK@R@LK@LKhKU\MB@LK@2P
0ye55
6e54556e5e5e@
kq~owjnus~jnkmtvo}xn9xvijtryjnnkn

|nwsnZnwsnwsf
hKU\MB@LK@2P

x5g15nnsstojvnxnvsujmmsnwjmnwxjsmnwrvstjisktsn
NBD@VGCLBD@FCLFZNLBD@TKOBD@ZBCEMF\GFCEKD@CN@KZONMNHIB@LK@?GDEK@
?CGNO@LK@gGK@EMNEN@B@NMEa@]@LKTBDFENCLB@BD@^NOBMKD@CND@ZBCEND@
jkqvrjmnsmusqpqjmnrkxvijwjmnkxmntsvixmnwxnjvtnZnkq~owxn
us~jnkmtvo}xn9xvijtryjnnkn

|nwsnZnwsnwssivxnwsn
2P
0ye55
65e55e 5z50556e5g
e55554yz@
kq~owjnus~jnkmtvo}xn9xvijtryjnnkn

|nwsnZnwsnwsf
hKU\MB@LK@2P

x5g@?@KZMKENMFN@LK@FMKFEBD@GUNCBD@LN@{MKDFLCZFN@
wjnsu~rqjn"nskqjirkljvnn|njtn
nwsnxotovxn
LK@ZNLN@NCB]@NMgGF^B@KOKEMYCFZB@ZBCEKCLB@N@MKONHIB@NEGNOFhNLN@LBD@
JGCLBD@LBD@FMKFEBD@LN@AMFNCHN@K@LB@?LBOKDZKCEK@NZFBCNO]@KDf
ENLGNFD]@FDEMFENO@K@UGCFZFTNFD]@ZBU@N@FCLFZNHIB@LBD@MKDTKZEF^BD@
kisvxmnwsnrkmqvr}xnkxn9`nsnwjmnqxktjmnjkqvrjmnsmusqpqjmn
ijktrwjmnsinrkmtrtorsmnpkjkqsrvjmnu~rqjm|nwsmtrkjwjmnsq~omrf
^NUKCEK@N@WKMFM@BD@MKZGMDBD@LBD@JGCLBDa@CZOGLB@TKON@CDEMGHIB@
9xvijtryjnnkn

|nwsnZnwsnwssivxnwsn

{NMeWMNVB@CFZBa@SZKTZFBCNOUKCEK@KU@MKONHIB@NB@NCB@LK@
2P]@N@{@KCZNUFC_NMe@B@NMgGF^B@KOKEMYCFZB@LK@gGK@EMNEN@
B@ZNTGE@NE@B@LFN@2@LK@NCKFMB@LK@2Pa@CZOGLB@TKON@CDEMGHIB@
9xvijtryjnnkn

|nwsnZnwsnwssivxnwsn

0e55
656e57e @
kq~owjnus~jnkmtvo}xn9xvijtryjnnkn

|nwsnZnwsnwsf
hKU\MB@LK@2P


0ye55
657ee 556e@
kq~owjnus~jnkmtvo}xn9xvijtryjnnkn

|nwsnZnwsnwsf
hKU\MB@LK@2P

0ye55
@
kq~owjnus~jnkmtvo}xn9xvijtryjnnkn

|nwsnZnwsnwsf
hKU\MB@LK@2P

x5g@?@TKDDBN@VDFZN@TBLKMe@LKLGhFM@LB@FUTBDEB@LK^FLB@
NTGMNLB@CN@KZONMNHIB@LK@?GDEK@?CGNO@ND@LBNHzKD@VKFEND]@CB@MKDf
TKZEF^B@NCBfZNOKCLeMFB]@LFMKENUKCEK@NBD@VGCLBD@ZBCEMBONLBD@TKOBD@
ABCDKO_BD@LBD@FMKFEBD@LN@AMFNCHN@K@LB@?LBOKDZKCEK@NZFBCNO]@
KDENLGNFD]@FDEMFENO]@BG@UGCFZFTNFD@LK@gGK@EMNEN@B@NMEa@@ZBCZBUFf
ENCEKUKCEK@ZBU@N@BTHIB@LK@gGK@EMNEN@B@NMEa@Rf?]@MKDTKFENLB@B@OFUFf
tsnuvsyrmtxnkxnjvtnnkq~owxnus~jnkmtvo}xn9xvijtryjnnkn
PaPP]@LK@R@LK@LKhKU\MB@LK@2P

x5g9n9jnwspkr}xnwjmnuvrxvrwjwsmnjnmsvsinjtskwrwjmnqxin
BD@MKZGMDBD@ZNTENLBD@TKOBD@JGCLBD@NZFBCNO]@KDENLGNFD@K@UGCFZFf
TNFD@LBD@FMKFEBD@LN@AMFNCHN@K@LB@?LBOKDZKCEK]@DKMIB@ZBCDFLKMNLND@
ND@LFDTBDFHzKD@LB@{ONCB@NZFBCNO@LK@{MBUBHIB]@{MBEKHIB@K@KVKDN@
LBD@FMKFEBD@LK@AMFNCHND@K@?LBOKDZKCEKD@`@ABC^F^CZFN@JNUFOFNM]@
\KU@ZBUB@ND@MKWMND@K@TMFCZTFBD@MKONEF^BD@`@WNMNCEFN@LB@LFMKFEB@`@
ZBC^F^CZFN@VNUFOFNM@TMK^FDEBD@CN@KF@C@Ra2Q]@LK@P@LK@GO_B@LK@
PQQ2@DENEGEB@LN@AMFNCHN@K@LB@?LBOKDZKCEKa@CZOGLB@TKON@CDEMGf
}xn9xvijtryjnnkn

|nwsnZnwsnwssivxnwsn

0ye55
6e56e5e54e5e@
kq~owjnus~jnkmtvo}xn9xvijtryjnnkn

|nwsnZnwsnwsf
hKU\MB@LK@2P

x5g@?D@LBNHzKD@KVKEGNLND@KU@UBKLN@LK^KU@DKM@LKTBDFf
tjwjmnsinqxktjnsmusqpqj|njsvtjnsinrkmtrtor}xnpkjkqsrvjnu~rqj|n
^FCZGONLN@NB@MKDTKZEF^B@VGCLBa@CZOGLB@TKON@CDEMGHIB@BMUNEF^N@
nkn

|nwsnZnwsnwssivxnwsn

0ye55
653y5e5e55e57eze@
kq~owjnus~jnkmtvo}xn9xvijtryjnnkn

|nwsnZnwsnwsf
hKU\MB@LK@2P

x5g@bD@JGCLBD@LBD@FMKFEBD@LN@AMFNCHN@K@LB@?LBOKDZKCEK@
wsysinkq~owxnus~jnkmtvo}xn9xvijtryjnnkn

|nwsnZnwsn
LKhKU\MB@LK@2P
@f@TBDDGFM@CUKMB@LK@FCDZMFHIB@CB@A{d@TMcTMFB@K@CZOGLB@
us~jnkmtvo}xn9xvijtryjnnkn

|nwsnZnwsnwssivxnwsn
2P
@f@MKWFDEMNM@KU@DGN@KDZMFEGMNHIB@BD@^NOBMKD@MKZK\FLBD@K@UNCEKM@
KU@\BN@WGNMLN@N@LBZGUKCENHIB@ZBMMKDTBCLKCEK@TKOB@TMNhB@LKZNf
wskqrj~nujvjnpkmnwsnqxiuvxyj}xnkq~owxnus~jnkmtvo}xn9xvijf
tryjnnkn

|nwsnZnwsnwssivxnwsn

x5gm@bD@ABCDKO_BD@LBD@FMKFEBD@LN@AMFNCHN@K@LB@?LBOKDf
qsktsnpjv}xnqvrtvrxmnwsnotr~rj}x|nuxvnisrxnwsnu~jkxmnwsnju~rqjf
HIB@LND@LBNHzKD@DG\DFLFNLND@K@LKUNFD@MKZKFEND]@NTOFZNCLB@CKZKDDNf
MFNUKCEK@TKMZKCEGNO@TNMN@FCZKCEF^B@NB@NZBO_FUKCEB]@DB\@N@VBMUN@LK@
WGNMLN@LK@ZMFNCHN@BG@NLBOKDZKCEK]@cMVIB@BG@N\NCLBCNLB]@CN@VBMUN@
LB@LFDTBDEB@CB@FCZFDB@@LB@@@LB@NMEa@@LN@ABCDEFEGFHIB@JKLKf
vj~nwsn
#ZZnkq~owxnus~jnkmtvo}xn9xvijtryjnnkn

|nwsn
R@LK@LKhKU\MB@LK@2P

x5g5bD@cMWIBD@MKDTBCDe^KFD@TKON@NLUFCFDEMNHIB@LND@ZBCf
END@LBD@JGCLBD@LBD@FMKFEBD@LN@AMFNCHN@K@LB@?LBOKDZKCEK@NZFBf
CNO]@KDENLGNFD]@FDEMFENO@K@UGCFZFTNFD@LK^KU@UNCEKM@CZOGLB@TKON@
kmtvo}xn9xvijtryjnnkn

|nwsnZnwsnwssivxnwsn

nnqxktjnjkqvrjnsmusqpqjnwsmtrkjwjnsq~omryjisktsnjnsvrvn
xmnvsqovmxmnwxnokwxnsnkq~owxnus~jnkmtvo}xn9xvijtryjnn
C@PaPP]@LK@R@LK@LKhKU\MB@LK@2P
@f@ZBCEMBOK@LND@LBNHzKD@MKZK\FLNDa@CZOGLB@TKON@CDEMGHIB@
9xvijtryjnnkn

|nwsnZnwsnwssivxnwsn

{NMeWMNVB@CFZBa@U@ZNDB@LK@LKDZGUTMFUKCEB@LND@B\MFWNHzKD@
uvsyrmtjmnkxnqjuot|njnnwjvnqxklsqrisktxnwxnjtxnjxn rkrmtvrxn
~rqxnkq~owxnus~jnkmtvo}xn9xvijtryjnnkn

|nwsnZn
LK@LKhKU\MB@LK@2P
8?

0ye55
656ze557e 5
kq~owjnus~jnkmtvo}xn9xvijtryjnnkn

|nwsnZnwsnwsf
hKU\MB@LK@2P

x5gf @bD@ABCDKO_BD@LBD@FMKFEBD@LN@AMFNCHN@K@LB@?LBOKDf
ZKCEK@NZFBCNO]@KDENLGNFD]@FDEMFENO@K@UGCFZFTNFD@LF^GOWNMIB@NUf
u~jisktsnnqxiokrwjwsnkq~owxnus~jnkmtvo}xn9xvijtryjnn
C@PaPP]@LK@R@LK@LKhKU\MB@LK@2P
@f@B@ZNOKCLeMFB@LK@DGND@MKGCFzKD@CZOGLB@TKON@CDEMGHIB@BMf
ijtryjnnkn

|nwsnZnwsnwssivxnwsn

@f@ND@NHzKD@TMFBMFEeMFND@TNMN@NTOFZNHIB@LND@TBOEFZND@LK@NEKCLFf
UKCEB@`@ZMFNCHN@K@NB@NLBOKDZKCEK@CZOGLB@TKON@CDEMGHIB@BMUNf
tryjnnkn

|nwsnZnwsnwssivxnwsn

@f@BD@MKgGFDFEBD@TNMN@N@NTMKDKCENHIB@LK@TMBKEBD@N@DKMKU@\Kf
kspqrjwxmnqxinvsqovmxmnwxmnokwxmnwxmnrvsrtxmnwjnvrjkjnsnwxn
?LBOKDZKCEK@NZFBCNO]@KDENLGNFD]@FDEMFENO@BG@UGCFZFTNFD@CZOGf
wxnus~jnkmtvo}xn9xvijtryjnnkn

|nwsnZnwsnwssivxnwsn
2P
@f@N@MKONHIB@LBD@TMBKEBD@NTMB^NLBD@KU@ZNLN@NCBfZNOKCLeMFB@
K@B@^NOBM@LBD@MKZGMDBD@TMK^FDEBD@TNMN@FUTOKUKCENHIB@LND@NHzKD]@TBM@
uvxstxnkq~owxnus~jnkmtvo}xn9xvijtryjnnkn

|nwsnZn
LK@LKhKU\MB@LK@2P
@f@B@EBENO@LBD@MKZGMDBD@MKZK\FLBD@K@N@MKDTKZEF^N@LKDEFCNHIB]@
TBM@TMBKEB@NEKCLFLB]@FCZOGDF^K@ZBU@ZNLNDEMNUKCEB@CN@\NDK@LK@LNf
LBD@LB@FDEKUN@LK@CVBMUNHzKD@DB\MK@N@CVCZFN@K@N@?LBOKDZCZFN@
snkq~owxnus~jnkmtvo}xn9xvijtryjnnkn

|nwsnZnwsnwsf
hKU\MB@LK@2P
nnjnjyj~rj}xnwxmnvsmo~tjwxmnwxmnuvxstxmnskspqrjwxmnqxin
MKZGMDBD@LBD@JGCLBD@LBD@FMKFEBD@LN@AMFNCHN@K@LB@?LBOKDZKCEK@Nf
ZFBCNO]@KDENLGNFD]@FDEMFENO@K@UGCFZFTNFDa@CZOGLB@TKON@CDEMGHIB@
9xvijtryjnnkn

|nwsnZnwsnwssivxnwsn

0ye55
65
e5e5f e5yze@
kq~owjnus~jnkmtvo}xn9xvijtryjnnkn

|nwsnZnwsnwsf
hKU\MB@LK@2P

x5g nn rkrmtvrxn~rqxnwstsvirkjvnsinqjwjnxijvf
qjnjnxvijnwsnpmqj~rj}xnwjnju~rqj}xnwxmnrkqsktryxmnpmqjrmnwsn
osntvjtjnsmtsnjuto~xnkq~owxnus~jnkmtvo}xn9xvijtryjnn
C@PaPP]@LK@R@LK@LKhKU\MB@LK@2P
{NMeWMNVB@CFZBa@b@LKDZGUTMFUKCEB@LB@LFDTBDEB@CB@@P@LB@
jvtnnsnkxmnjvtmnZnsnZ nmosrtjvnxmnrkvjtxvsmnjnvsmuxkwsvn
uxvnj}xnowrqrj~nuvxuxmtjnus~xn rkrmtvrxn~rqx|nosnuxwsvn
NEGNM@LK@BVZFB]@N@MKgGKMFUKCEB@BG@MKTMKDKCENHIB@LK@gGNOgGKM@ZFf
wjw}xnkq~owxnus~jnkmtvo}xn9xvijtryjnnkn

|nwsnZnwsn
LKhKU\MB@LK@2P


7ze555
63058 63056356303

0e555
6e5e5z

0e555
6e5e5z

x5{x5?@TKDDBN@VDFZN@TBLK@LKLGhFM@LB@FUTBDEB@NTGMNLB@CN@
KZONMNHIB@LK@?GDEK@?CGNO]@N@gGK@DK@MKVKMK@B@NMEa@]@ND@gGNCEFND@
NTOFZNLND@CB@NCBfZNOKCLeMFB@NCEKMFBM@MKVKMKCEKD@N
@f@FC^KDEFUKCEBD@VKFEBD@CN@TMBLGHIB@LK@B\MND@NGLFB^FDGNFD@ZFf
ksijtxvpqjmnvjmr~srvjmnwsnuvxwo}xnrkwsuskwskts|njtnxnssvf
ZZFB@LK@2P]@NCBfZNOKCLeMFB@LK@2P]@UKLFNCEK@N@NgGFDFHIB@LK@
ZBEND@MKTMKDKCENEF^ND@LK@LFMKFEBD@LK@ZBUKMZFNOFhNHIB@DB\MK@ND@MKf
VKMFLND@B\MND
nnujtvxqkrxnsrtxnnuvxwo}xnwsnxvjmnqrksijtxvpqjmnvjf
DFOKFMND@LK@TMBLGHIB@FCLKTKCLKCEK]@NE@B@KSKMZZFB@LK@2P]@NCBf
fZNOKCLeMFB@LK@2P@K
@f@NgGFDFHIB@LK@ZBEND@LBD@JGCLBD@LK@JFCNCZFNUKCEB@LN@Cf
wmtvrjnrksijtxvpqjn9jqrxkj~nokqrksm|njtnxnssvqqrxnwsn
2P]@NCBfZNOKCLeMFB@LK@2Pa
@P@@nrkqsktryxnpmqj~nwsnosntvjtjnxnrkqrmxnnwxn5TBLK@
DKM@GEFOFhNLB@LK@VBMUN@NOEKMCNEF^N@BG@ZBCGCEN@ZBU@BD@MKVKMFLBD@CBD@
FCZFDBD@@K@@LB@5a
@@@?@GEFOFhNHIB@LBD@FCZKCEF^BD@TMK^FDEBD@CKDEK@NMEFWB@CIB@
riuxmmrr~rtjnosnxnismixnuvxstxnmsnskspqrsnwsnvsqovmxmnuvsf
^FDEBD@CN@KF@C@@RaP]@LK@@LK@LKhKU\MB@LK@PQQP]@LKDLK@gGK@
KCgGNLMNLBD@KU@DKGD@B\KEF^BD]@OFUFENLB@B@EBENO@LKDDKD@FCZKCEF^BD@
N@Q @CB^KCEN@K@ZFCZB@TBM@ZKCEB@LB@EBENO@LB@BMHNUKCEB@NTMB^NLB@
TKON@?WCZFN@NZFBCNO@LB@AFCKUN@?CZFCK]@CN@VBMUN@LFDTBDEN@CB@
ANTEGOB@a
@@@?@LKLGHIB@TMK^FDEN@CBD@FCZFDBD@@K@@LB@5]@KDEe@
ZBCLFZFBCNLN@N@gGK@BD@FC^KDEFUKCEBD@DKNU@MKNOFhNLBD@CB@UKMZNLB@
LK@ZNTFENFD]@KU@NEF^BD@TMK^FDEBD@KU@OKF]@K@NGEBMFhNLBD@TKON@ABUFDf
m}xnwsnj~xvsmn xr~rvrxmn |nqxkxvisnxnwrmuxmtxnkxnjvtnn
LKDEN@CDEMGHIB@BMUNEF^Na
@@@bD@FC^KDEFUKCEBD@N@gGK@DK@MKVKMK@KDEK@NMEFWB@CIB@TBLKMIB@
DKM@GEFOFhNLBD@CN@TMBLGHIB@LK@B\MND@NGLFB^FDGNFD@LK@CNEGMKhN@TGf
\OFZFEeMFNa

x555?@TKDDBN@VDFZN]@N@TNMEFM@LB@KSKMZZFB@LK@2P]@NCBf
fZNOKCLeMFB@LK@2PP]@TBLK@LKLGhFM@LB@FUTBDEB@NTGMNLB@CN@KZONMNf
HIB@LK@?GDEK@?CGNO]@N@gGK@DK@MKVKMK@B@NMEa@]@ND@LBNHzKD@VKFEND@NBD@
okwxmn9jqrxkj~|nmtjwojrmnxon okrqrujrmnwxnwxmx
@P@@?D@FUTBMECZFND@LKLGhFLND@N@EEGOB@LK@LBNHzKD@DGKFENUf
fDK@`@ZBUTMB^NHIB]@TBM@UKFB@LK@LBZGUKCEBD@KUFEFLBD@TKOBD@ZBCf
DKO_BD@WKDEBMKD@LBD@MKDTKZEF^BD@VGCLBDa
@@@?D@LBNHzKD@KVKEGNLND@KU@UBKLN@LK^KU@DKM@LKTBDFENLND@
sinqxktjnsmusqpqj|njsvtjnsinrkmtrtor}xnpkjkqsrvjnu~rqj|nyrkf
ZGONLN@NB@MKDTKZEF^B@VGCLBa
0e555
6e59 

x5{}x5?@LKLGHIB@LK@gGK@EMNEN@B@NMEa@Q@@LK^K@NEKCLKM@NB@OFUFf
EK@WOB\NO@KDEN\KOKZFLB@CB@NMEa@@LKDEN@CDEMGHIB@BMUNEF^Na
0e555
6e57e e

x5{{x5mnxkms~lxmn okrqrujrm|nmtjwojrmnxon9jqrxkj~nwxn
wxmx|nqxktvx~jwxvsmnwxmnokwxmnskspqrjwxmnus~jmnwxjsm|nwsf
^KU@KUFEFM@ZBUTMB^NCEK@KU@VN^BM@LB@LBNLBM]@B\DKM^NLB@B@LFDTBDEB@
CB@NMEa@@@LKDEN@CDEMGHIB@BMUNEF^Na
0e555
656ee55

x5{x5N@LBNHIB@LK@\KCD@Uc^KFD@BG@FUc^KFD@NTOFZNfDK@B@
LFDTBDEB@CB@NMEa@@@LKDEN@CDEMGHIB@BMUNEF^Na
0e555
65e55e e

x5{x5nnpmqj~rjv|nkxn=irtxnwsnmojmnjtvrorsm|njn
ZNTENHIB@LBD@MKZGMDBD@KVKEGNLN@CN@VBMUN@LB@NMEa@Q@@a
{NMeWMNVB@CFZBa@{NMN@KVKFEB@LB@5]@BD@cMWIBD@MKDTBCDe^KFD@
TKON@NLUFCFDEMNHIB@LND@ZBCEND@LBD@JGCLBD@LB@LBDB@LK^KMIB@FCf
xvijvnnnwjwxmnvs~jtryxmnjxnyj~xvnwjmnwxjsmnvsqsrwjm|nkxmn
EKMUBD@LB@NMEa@@LKDEN@CDEMGHIB@BMUNEF^Na

x5{|x5jvjnpkmnwsnqxiuvxyj}x|nqjwjnokwxnwsysvnvsf
WFDEMNM@KU@DGN@KDZMFEGMNHIB@BD@^NOBMKD@MKZK\FLBD@K@UNCEKM@KU@\BN@
WGNMLN@N@LBZGUKCENHIB@ZBMMKDTBCLKCEK@TKOB@TMNhB@LKZNLKCZFNOa
0e555
65z

x5{x5b@LKDZGUTMFUKCEB@LND@LKEKMUFCNHzKD@LBD@NMEDa@PP@K@
P@DGKFEN@B@FCVMNEBM@`@UGOEN@LK@@R2]Q@BFEKCEN@MKNFD@K@DKEKCEN@
K@CB^K@ZKCEN^BD@N@@]@P@LGhKCEBD@K@gGNMKCEN@K@LBFD@MKNFD@
K@ZFCgGKCEN@K@GU@ZKCEN^BD]@TBM@ZBUTMB^NCEK@BG@MKONHIB@CIB@KCf
EMKWGKDa
7ze555
6
5
26
615
86308
9
8V

0e555
65
ee

x5{~x5mnuvxstxmnjnmsvsinskspqrjwxmnus~xmnrkqsktryxmn
LK@gGK@EMNEN@KDEK@ANTEGOB@LK^KU@DKM@TMK^FNUKCEK@NTMB^NLBD@TKON@
?CZFCKa
0e555

x5{x5nusmmxjnmrqjnuxwsnvorvnwxmnrkqsktryxmnpmqjrmnuvsf
^FDEBD@CB@NMEa@P]@KU@MKONHIB@`D@gGNCEFND@NTOFZNLND@CB@NCBfZNOKCf
wvrxnjktsvrxvnsinuvxstxmnxonuvxvjijmnsmusqpqxmnqvswskqrjwxmn
TKON@?CZFCK]@LKDLK@gGK@KVKEGNLND@CN@VBMUN@LK
@f@FC^KDEFUKCEBD@LK@gGK@EMNEN@B@FCZFDB@@LB@5LB@NMEa@P]@CN@
lrutsmsnwsnuvxstxmnsmusqpqxmnwjnvsjnjowrxyrmoj~|nqrksijtxvf
pqjnwsnsrr}x|nwrmtvror}xnsnrkvjsmtvotovjntqkrqjnjuvsmsktjwxmn
TBM@KUTMKDN@\MNDFOKFMN@LK@ZNTFENO@CNZFBCNO
@f@TNEMBZCFB@LK@gGK@EMNEN@B@FCZFDB@@LB@5LB@NMEa@P]@CN@
_FTcEKDK@LK
jnuvxstxmnsmusqpqxmnwjnvsjnjowrxyrmoj~|nqrksijtxvpqjnwsn
LFVGDIB]@TMKDKM^NHIB]@KSF\FHIB]@LFDEMF\GFHIB@K@FCVMNKDEMGEGMN@EZCFf
ZN@NTMKDKCENLBD@TBM@KUTMKDN@\MNDFOKFMN@K
\@TMBWMNUND@KDTKZFNFD@LK@VBUKCEB@LKDEFCNLBD@N@^FN\FOFhNM@
TMBKEBD@LK@LFDEMF\GFHIB]@KSF\FHIB]@LFVGDIB@K@TMBLGHIB@FCLKTKCLKCf
EK@LK@B\MND@NGLFB^FDGNFD@\MNDFOKFMND@KDZBO_FLBD@TBM@UKFB@LK@DKOKHIB@
T\OFZNa


@P@@mnvsqovmxmnwxmnuvxstxmnxonuvxvjijmnsmusqpqxmnwsnosn
EMNEN@B@FCZFDB@@LB@5TBLKU@DKM@NTOFZNLBD@TBM@UKFB@LK@^NOBMKD@
MKKU\BODe^KFD@BG@CIB@MKKU\BODe^KFD]@ZBCVBMUK@CBMUND@KSTKLFLND@
TKON@?CZFCK@x
@@@bD@^NOBMKD@MKKU\BODNLBD@CN@VBMUN@LB@@P@@LKDEFCNMfDKf
fIB@NB@JGCLB@NZFBCNO@LN@AGOEGMN@JA@K@DKMIB@NOBZNLBD@KU@
qjtsxvrjnwsnuvxvjij}xnsmusqpqjnwskxirkjwjnokwxn"stxvrj~n
LB@?GLFB^FDGNOa
0e555
6e59 

x5{x5?@LKLGHIB@TMK^FDEN@CKDEK@ANTEGOB@LK^K@NEKCLKM@NB@
OFUFEK@WOB\NO@MKVKMFLB@CB@NMEa@@LKDEN@CDEMGHIB@BMUNEF^Na
0e555
65
ee557f
?MEa@2a@bD@FC^KDEFUKCEBD@LK@gGK@EMNENU@BD@FCZFDBD@@K@@
LB@5LB@NMEa@P@DKMIB@KVKEGNLBD@CB@UKMZNLB@LK@ZNTFENFD]@B\DKMf
yjwjmnjmnkxvijmnsmtjs~sqrwjmnus~jn
@P@@N@_FTcEKDK@LB@FCZFDB@@LB@5LB@NMEa@P]@B@FC^KDEFf
UKCEB@DKMe@KVKEGNLB@UKLFNCEK@N@NgGFDFHIB@LK@gGBEND@MKTMKDKCENEFf
^ND@LBD@MKDTKZEF^BD@LFMKFEBD@LK@ZBUKMZFNOFhNHIB]@ZNMNZEKMFhNLND@TBM@
svtrpqjwxmnwsnkysmtrisktx|nxmsvyjkwxnos
@f@DBUKCEK@TBLK@GDGVMGFM@LB@FCZKCEF^B@B@FC^KDEFLBM@gGK@KDf
trysvnrwsktrpqjwxnkxnsvtrpqjwxnwsnkysmtrisktxnqxixnuvrisrvxn
NLgGFMKCEK
@f@N@MKDTBCDN\FOFLNLK@LB@NLgGFMKCEK@@OFUFENLN@`@FCEKWMNOFhNf
HIB@LND@gGBEND@DG\DZMFEND@K
nnxmnjklxmnjosvrwxmnkjnj~rskj}xnwxmnsvtrpqjwxmnwsn
kysmtrisktxmnsmt}xnmosrtxmnntvrotj}xnwspkrtryj|nkjnxvijnwjn
OKWFDONHIB@NTOFZe^KO@NB@WNC_B@LK@ZNTFENO@BG@NB@WNC_B@OgGFLB@KU@
MKCLN@^NMFe^KOa
@@@N@_FTcEKDK@LB@FCZFDB@@LB@5LB@NMEa@P]@B@FC^KDEFf
UKCEB@DKMe@KVKEGNLB@UKLFNCEK@N@NgGFDFHIB@LK@gGBEND@KUFEFLND@DB\@
N@VBMUN@KDZMFEGMNO]@NOFKCNLND@NB@T\OFZB@ZBU@N@FCEKMUKLFNHIB@LN@
FCDEFEGFHIB@NLUFCFDEMNLBMN@LB@JGCLB]@B\DKM^NCLB@gGK
@f@BD@MKCLFUKCEBD@K@WNC_BD@OgGFLBD@K@LK@ZNTFENO@NGVKMFLBD@
us~jnqjvtsrvjnwsnokqrksmnpqjinrmsktxmnwxnriuxmtxnmxvsnjnvskwj
@f@BD@MKCLFUKCEBD]@BD@WNC_BD@LK@ZNTFENO@K@BD@WNC_BD@OgGFf
LBD@LKZBMMKCEKD@LK@NTOFZNHIB@KU@JGCZFCKD@DGKFENUfDK@`D@CBMUND@
EMF\GEeMFND@NTOFZe^KFD@NBD@LKUNFD@^NOBMKD@UB\FOFeMFBD@CB@UKMZNLB@
LK@ZNTFENFD@K
@f@BZBMMKCLB@MKDWNEK@LK@gGBEND@LK@JGCZFCKD]@KU@LKZBMMCZFN@
LB@EMUFCB@LB@TMNhB@LK@LGMNHIB@BG@LN@OFgGFLNHIB@LB@VGCLB]@DB\MK@B@
MKCLFUKCEB@LB@gGBEFDEN]@ZBCDEFEGLB@TKON@LFVKMKCHN@TBDFEF^N@KCEMK@B@
^NOBM@LK@MKDWNEK@K@B@ZGDEB@LK@NgGFDFHIB@LND@gGBEND]@FCZFLFMe@FUTBDEB@
DB\MK@N@MKCLN@CN@VBCEK@`@NOgGBEN@LK@2 @^FCEK@TBM@ZKCEBa
0e555
6e56e5e54e5e

x5{x5b@ZBCEMF\GFCEK@gGK@BTENM@TKOB@GDB@LBD@FCZKCEF^BD@
TMK^FDEBD@CBD@NMEDa@P@K@PR]@LKTBDFENMe@B@^NOBM@ZBMMKDTBCLKCEK@NB@
jjtrisktxnsinqxktjnwsnju~rqj}xnpkjkqsrvjnsmusqrj~|nsinrkmtrtorf
}xnpkjkqsrvjnu~rqj|nqojnixyrisktj}xnmosrtjvmsnnuvyrjn
ZBUTMB^NHIB@TKON@?CZFCK@LK@gGK@DK@LKDEFCN@N@FC^KDEFUKCEBD@KU@
uvxstxmnwsnuvxwo}xnwsnxvjmnjowrxyrmojrmnqrksijtxvpqjmnsnyrf
wsxxkxvpqjmnvjmr~srvjmnwsnuvxwo}xnrkwsuskwskts
{NMeWMNVB@CFZBa@bD@MKCLFUKCEBD@LKZBMMKCEKD@LBD@LKTcDFEBD@
sinqxktjnwsnju~rqj}xnpkjkqsrvjnsmt}xnmosrtxmnntvrotj}xnus~xn
FUTBDEB@DB\MK@N@MKCLN@KSZOGDF^NUKCEK@CN@VBCEK]@`@NOgGBEN@LK@2 @
^FCEK@TBM@ZKCEBa
8W

0e555
65z5
z5e5ee

x5x5b@CIB@ZGUTMFUKCEB@LB@TMBKEB@BG@N@DGN@MKNOFhNHIB@KU@
LKDNZBMLB@ZBU@B@KDENEGLB@CKDEK@ANTEGOB]@CB@ZNDB@LK@MKZK\FUKCEB@
wxmnrkqsktryxmnpmqjrmnwsnosntvjtjinxmnjvtmn
nsn
Z|nriu~rqjnvsqxf
O_FUKCEB@FCEKWMNO@NB@KDBGMB@NZFBCNO@LKDDKD@MKZGMDBD]@TBM@TNMEK@
LN@KUTMKDN@TMBLGEBMN@MKDTBCDe^KO@TKOB@TMBKEB]@NZMKDZFLBD@LK@UGOf
EN@LK@2 @ZFCgGKCEN@TBM@ZKCEB@K@GMBD@LK@UBMNa
@P@@B@ZNDB@LK@ZGUTMFUKCEB@LK@UNFD@LK@2 @DKEKCEN@TBM@
ZKCEB@LB@^NOBM@BMHNLB@TNMN@B@TMBKEB]@N@LK^BOGHIB@DKMe@TMBTBMZFBf
CNO@`@TNMEK@CIB@ZGUTMFLNa
@@@bD@GMBD@LK@UBMN]@LK@gGK@EMNEN@B@5]@KgGF^NOKCEKD@`@
^NMFNHIB@LN@ENSN@MKVKMKCZFNO@LB@FDEKUN@DTKZFNO@LK@FgGFLNHIB@K@
LK@AGDEcLFN@KOFZ]@TNMN@EEGOBD@VKLKMNFD]@NZGUGONLN@UKCDNOUKCEK]@
DIB@ZNOZGONLBD@N@TNMEFM@LB@P@@TMFUKFMB@LFN@LB@UD@DG\DKgGKCEK@NB@
LB@^KCZFUKCEB@LB@FUTBDEB@DB\MK@N@MKCLN@ZGN@TNMZKON@VBF@LKDEFCNLN@
NBD@TMBKEBD@LK@gGK@EMNEN@KDEK@ANTEGOB@NE@B@UD@NCEKMFBM@NB@LN@LKf
^BOGHIB@LBD@MKZGMDBD@K@LK@P @GU@TBM@ZKCEB@CB@UD@LN@LK^BOGHIB@
LK@ENFD@MKZGMDBDa

x5x5ANDB@BD@MKZGMDBD@MKZK\FLBD]@ZBU@BD@NZMDZFUBD@TMKf
^FDEBD@CKDEK@NMEFWB]@CIB@DKNU@LK^BO^FLBD]@B@MKDTBCDe^KO@TKOB@TMBf
KEB]@NDDKWGMNLN@N@NUTON@LKVKDN]@DKMe@FCDZMFEB@CB@ANLNDEMB@CVBMf
UNEF^B@LK@ZMLFEBD@CIB@gGFENLBD@LB@DKEBM@T\OFZB@VKLKMNO@ANLFC]@
ZBCVBMUK@TMK^@N@KF@C@@P2a]@LK@PQ@LK@GO_B@LK@22@a
0e555
65z5
z5e57ey

x5|x5ABCDENENLN@MKLGHIB@LK@FUTBDEB]@ZBU@N@GEFOFhNHIB@FCf
wsyrwjnwsnoj~osvnsksqrxnuvsyrmtxnkxmnjvtmn
nsn
Z|njnn
TMBZKLKMe]@LK@BVZFB]@NB@ONCHNUKCEB@LN@LFVKMKCHN@LK@FUTBDEB@ZBU@
BD@NZMDZFUBD@OKWNFD@ZN\^KFDa
0e5h55
65e55e e

x5x5nnpmqj~rjv|nkxn=irtxnwsnmojmnjtvrorsm|njn
KSKZGHIB@LBD@TMBKEBD@NTMB^NLBD@ZBU@ZNTENHIB@LK@MKZGMDBD@CN@VBMf
UN@LBD@NMEDa@P@K@PRa
{NMeWMNVB@CFZBa@{NMN@KVKFEB@LB@5]@N@?CZFCK@KC^FNMe@ND@
rkxvijsmnksqsmmvrjmnn|nkxmntsvixmnwxnjvtnnwsmtjnkmf
EMGHIB@BMUNEF^Na

x5x5?D@KUTMKDND@MKZKTEBMND@LBD@MKZGMDBD@BMFGCLBD@LBD@
rkqsktryxmnpmqjrmnwsnosntvjtjinxmnjvtmn
nsn
Znwsysinijktsvn
EBLBD@BD@MKWFDEMBD@K@LBZGUKCEBD@MKONEF^BD@NBD@TMBKEBD]@\KU@ZBUB]@
msnxvnxnqjmx|nxn~ryvxnwsnvsrmtvxnwsntvjkmsv3kqrjnwxmnsvtrpqjwxmn
wsnkysmtrisktx|nxmsvyjwjmnjmnkxvijmnwjn |nus~xnuvjxnwsf
ZNLKCZFNOa
7ze555
635 71 235q5789284

0e555
6e5e5z

x5~x5?@TKDDBN@VDFZN@TBLK@LKLGhFM@LB@FUTBDEB@NTGMNLB@CN@
KZONMNHIB@LK@?GDEK@?CGNO]@N@gGK@DK@MKVKMK@B@NMEa@]@ND@gGNCf
EFND@KVKEF^NUKCEK@LKDTKCLFLND@CB@NCBfZNOKCLeMFB@NCEKMFBM@N@EEGOB@
LK@LBNHzKD@BG@TNEMBZCFBD]@ENCEB@UKLFNCEK@ZBCEMF\GFHzKD@NB@JGCLB@
NZFBCNO@LN@AGOEGMN]@CN@VBMUN@LK@LBNHzKD]@CBD@EKMUBD@LB@FCZFDB@@


LB@NMEa@@LN@KF@C@@RaP]@LK@PQQP]@ZBUB@CB@NTBFB@LFMKEB]@LKDLK@
gGK@KCgGNLMNLBD@CBD@B\KEF^BD@LB@{MBWMNUN@NZFBCNO@LK@?TBFB@`@
AGOEGMN@{MBCNZ]@N@TMBWMNUND]@TMBKEBD@K@NHzKD@ZGOEGMNFD
nnsinsvj~|nwspkrwxmnkjnxvijnwxnjvtnnwjn$srnkn@RaP]@
LK@PQQP
@f@N@gGK@DK@MKVKMK@B@5K@@@@LB@NMEa@PR@LN@KF@C@@RaP]@
LK@PQQP]@KSZOGDF^BD@LBD@DKWUKCEBD@LK
N@NMEKD@ZCFZND
\@OF^MBD@LK@^NOBM@NMEDEFZB]@OFEKMeMFB@BG@_GUNCDEFZB
Z@UDFZN@KMGLFEN@BG@FCDEMGUKCENO
L@KSTBDFHzKD@LK@NMEKD@^FDGNFD
K@LBNHzKD@LK@NZKM^BD@TNMN@\F\OFBEKZND@T\OFZND]@UGDKGD]@NMf
gGF^BD@T\OFZBD@K@ZFCKUNEKZND]@\KU@ZBUB@EMKFCNUKCEB@LK@TKDDBNO@
K@NgGFDFHIB@LK@KgGFTNUKCEBD@TNMN@N@UNCGEKCHIB@LKDDKD@NZKM^BD
nuvxwo}xnwsnxvjmnqrksijtxvpqjmnsnyrwsxxkxvpqjmnwsn
ZGMEN@K@ULFN@UKEMNWKU@K@TMKDKM^NHIB@K@LFVGDIB@LB@NZKM^B@NGLFBf
^FDGNO
W@TMKDKM^NHIB@LB@TNEMFUYCFB@ZGOEGMNO@UNEKMFNO@K@FUNEKMFNO@K
_@ZBCDEMGHIB@K@UNCGEKCHIB@LK@DNOND@LK@ZFCKUN@K@EKNEMB]@gGK@
TBLKMIB@VGCZFBCNM@ENU\U@ZBUB@ZKCEMBD@ZGOEGMNFD@ZBUGCFEeMFBD]@
KU@UGCFZTFBD@ZBU@UKCBD@LK@P22a222@ZKU@UFO@_N\FENCEKDa
{NMeWMNVB@CFZBa@?D@ZBCEMF\GFHzKD@KU@VN^BM@LB@JA@TBLKU@
EKM@LKDEFCNHIB@OF^MK@BG@LFMKZFBCNLN@N@TMBWMNUND]@TMBKEBD@K@NHzKD@
qo~tovjrmnsmusqpqxm|nmxnjnxvijnwsnwxj}x|nxo|nqxinwsmtrkj}xn
smusqrpqjwjnus~xnujtvxqrkjwxv|nmxnjnxvijnwsnujtvxqkrxnx
0e555
g
5
ez

x5x5{BLKMIB@DKM@LKLGhFLBD@LB@FUTBDEB@LK^FLB]@CN@VBMUN@
wxnjvtn|njmnojktrjmnwsmuskwrwjmnsinxvjmnjowrxyrmojrmnskspf
ZFNLND@ZBU@FCZKCEF^BD@TMK^FDEBD@CN@KF@C@RaR]@LK@2@LK@GO_B@LK@
PQQ]@LKDLK@gGK@KCgGNLMNLBD@CBD@B\KEF^BD@LN@KF@C@@RaP]@LK@
PQQPa
{NMeWMNVB@CFZBa@b\DKM^NLBD@BD@OFUFEKD@LK@gGK@EMNENU@BD@NMEDa@
2@K@]@BD@MKZGMDBD@LB@FCZKCEF^B@KDEe@OFUFENLB@N@Q @CB^KCEN@K@
ZFCZB@TBM@ZKCEB@LB@EBENO@LB@BMHNUKCEB@NTMB^NLB@TNMN@B@TMBKEBa
0e555
65
ee

x5x5bD@TMBKEBD@LK@gGK@EMNENU@BD@NMEDa@@K@R@LK^KU@DKM@
TMK^FNUKCEK@NTMB^NLBD]@CN@VBMUN@LB@MKWGONUKCEB
@f@CN@_FTcEKDK@LBD@FCZFDBD@@K@@LB@5LB@NMEa@]@TKOB@
rkrmtvrxnwjno~tovjn rk|ns|nmsnvs~jqrxkjwxmnjnxvjmnqrksijf
txvpqjmnsnyrwsxxkxvpqjm
jnus~xn rk|nmsnskojwvjwxmnkxnxvijtxnws
Pa@ZGMEN@UKEMNWKU]@ZGN@LGMNHIB@@FWGNO@BG@FCVKMFBM@N@PUFC@
gGFChK@UFCGEBD
a@ULFN@UKEMNWKU]@ZGN@LGMNHIB@@DGTKMFBM@N@PUFC@gGFChK@
UFCGEBD@K@FWGNO@BG@FCVKMFBM@N@2UFC@DKEKCEN@UFCGEBD
a@BD@MKVKMKCEKD@N@VBMUNHIB@LK@UIB@LK@B\MN]@VKDEF^NFD@CNZFBf
CNFD]@UBDEMND@K@TMKDKM^NHIB@K@LFVGDIB@LK@NZKM^BD@LK@B\MND@ZFCKUNf
txvpqjmnsnjowrxyrmojrm|nxo
\@TKON@?CZFCK]@DK@KCgGNLMNLBD@CB@VBMUNEB@LK

nxvjnqrksijtxvpqjnxonyrwsxxkxvpqjnwsn~xkjnistvjf
WKU]@ZGN@LGMNHIB@@DGTKMFBM@N@2UFC@DKEKCEN@UFCGEBD
nxvjnqrksijtxvpqjnxonyrwsxxkxvpqjnmsvrjwj|nosnmxn
B@UKDUB@EEGOB]@DKN@TMBLGhFLN@KU@ZNTEGOBD
nts~sp~is|nxvjnwxqoisktj~|npqqrxkj~nxonwsnjkrij}x|nqxin
CB@UCFUB@2UFC@ZFCgGKCEN@UFCGEBD@K@CB@UeSFUB@P2UFC@ZKCf
EB@K@^FCEK@UFCGEBD@LK@LGMNHIB]@TMBLGhFLN@TNMN@P@@TMFUKFMN@KSF\Ff
HIB@KU@UKFBD@KOKEMYCFZBD
8Y

nirkrmmvrs|nxvjnwxqoisktj~|npqqrxkj~nxonwsnjkrij}xn
TMBLGhFLN@KU@TKOZGON@BG@UNEMFh@LK@ZNTENHIB@LFWFENO@BG@KU@UKFB@
UNWCEFZB@ZBU]@CB@UCFUB]@@EMD@K@CB@UeSFUB@@^FCEK@K@DKFD@
ZNTEGOBD]@ZBU@LGMNHIB@UeSFUN@LK@Pa22UFC@GU@UFO@K@EMKhKCEBD@
UFCGEBD
a@BD@MKVKMKCEKD@`@LFDEMF\GFHIB@K@ZBUKMZFNOFhNHIB@LK@B\MND@ZFf
ksijtxvpqjmnsnyrwsxxkxvpqjm|nujvtrqruj}xnsinisvqjwxmn
qrksijtxvpqxmnsnyrwsxxkxvpqxm|nsmtryjrmnrktsvkjqrxkjrmnsn
TMBKEBD@LK@KSF\FHIB@K@LK@FCVMNKDEMGEGMN@K
@f@CN@_FTcEKDK@LB@NMEa@R]@TKON@?CZFCKa
@P@@njuvxyj}xnwxnuvxstxnmxisktsntsvnspqqrjnjumnuof
~rqj}xnwsnjtxnxpqrj~nqxktskwxnxntto~xnwxnuvxstxnjuvxyjwxnsnjn
FCDEFEGFHIB@TBM@KOK@MKDTBCDe^KO]@B@^NOBM@NGEBMFhNLB@TNMN@B\EKCHIB@
LK@LBNHIB@BG@TNEMBZCFB@K@B@TMNhB@LK@^NOFLNLK@LN@NGEBMFhNHIBa
@@@njtxnxpqrj~njnosnmsnvssvsnxnn
n@LK^KMe@ZBCEKM]@NFCLN]@
B@LFDTBDFEF^B@OKWNO@MKONEF^B@NB@DKWUKCEB@B\KEB@LB@TMBKEB@ZGOEGMNOa
0e555
6e59 

x5}x5?@LKLGHIB@LK@gGK@EMNEN@B@NMEa@]@NEKCLFLB@B@OFUFEK@
WOB\NO@KDEN\KOKZFLB@CB@NMEa@]@CIB@TBLK@KSZKLKM
@f@N@R2 @BFEKCEN@TBM@ZKCEB@LB@DBUNEcMFB@LND@LBNHzKD@K@2 @
DKDDKCEN@TBM@ZKCEB@LB@DBUNEcMFB@LBD@TNEMBZCFBD]@CN@_FTcEKDK@LB@
FCZFDB@@LB@5LB@NMEa@@K
@f@NB@^NOBM@KVKEF^B@LND@LBNHzKD@K@TNEMBZCFBD]@CN@_FTcEKDK@LB@
FCZFDB@@LB@5LB@NMEa@a
@P@@nyj~xvnosno~tvjujmmjvnxmn~rirtsmnwspkrwxmnkxmnrkqrmxmnn
K@@LB@5CIB@TBLKMe@DKM@LKLGhFLB@CND@LKZONMNHzKD@TBDEKMFBMKD]@
FCZOGDF^K@CB@ZNDB@LK@TMBKEBD@ZGOEGMNFD@LK@KSKZGHIB@TOGMFNCGNOa
@@@?D@EMNCDVKMCZFND@TNMN@KVKEF^NHIB@LND@LBNHzKD@BG@TNEMBZf
CFBD@MKNOFhNLND@CN@VBMUN@TMK^FDEN@CKDEK@NMEFWB@CIB@KDEIB@DGKFEND@NB@
MKZBO_FUKCEB@LB@FUTBDEB@DB\MK@N@MKCLN@CN@VBCEKa
0e555
6e56e5e54e5e

x5{x5?D@LBNHzKD@KU@KDTZFK@VKFEND@KU@VN^BM@LB@JA@WBf
jv}xnwxmnrkqsktryxmnpmqjrmnuvsyrmtxmnkxnjvtn|nwsmwsnosnqxif
TMB^NLND@UKLFNCEK@MKZF\B@LK@LKTcDFEB@\NCZeMFB@K@LKZONMNHIB@LK@
vsqsrisktxnpvijwjnus~xnskspqrvrx
jvvjxnkrqxn"xisktsnm}xnqxkmrwsvjwjm|nujvjnpkmnwsnqxif
TMB^NHIB@LB@FCZKCEF^B@KU@KDTZFK]@ND@ZBCEMF\GFHzKD@gGK@EKC_NU@
mrwxnwsuxmrtjwjmnsinqxktjnjkqvrjnsmusqpqj|nsinkxisnwxnsksf
pqrvrx|nkxmntsvixmnsmtjs~sqrwxmnus~xn rknxonus~jnkqrks
0e555

x5x5jvjnxmnpkmnwxnjvtn|nqxkmrwsvjms
nnwxj}x|njntvjkmsv3kqrjnwspkrtryjnsnrvvsysvmys~nwsnkoisf
MeMFB@BG@\KCD@KU@VN^BM@LK@TMBTBCKCEK]@TKDDBN@VDFZN@BG@GMLFZN@
msinpkmn~oqvjtryxm|nqoxnuvxvjij|nuvxstxnxonj}xnqo~tovj~ntskljn
mrwxnjuvxyjwxnus~xn rknxonus~jnkqrks|nqxkxvisnqxiust3kqrjn
TMK^FDEN@CB@NMEa@Q
nnujtvxqkrx|njntvjkmsv3kqrjnwspkrtryjnsnrvvsysvmys~nwsnkof
isvvrxnxonmsvyrxm|nqxinpkj~rwjwsnuvxixqrxkj~|njnqxsvtovjnwsn
WNDEBD@BG@N@GEFOFhNHIB@LK@\KCD@Uc^KFD@BG@FUc^KFD@LB@TNEMBZFCNLBM]@
DKU@N@EMNCDVKMCZFN@LK@LBUCFB]@TNMN@N@MKNOFhNHIB@LK@TMBWMNUN]@
uvxstxnxonj}xnqo~tovj~nosntskljnmrwxnjuvxyjwxnus~xn rknxon
TKON@?CZFCK]@ZBCVBMUK@ZBUTKECZFN@TMK^FDEN@CB@NMEa@Q
@f@TMBTBCKCEK]@ND@TKDDBND@VDFZND@K@ND@TKDDBND@GMLFZND]@Tf
\OFZND@BG@TMF^NLND]@ZBU@NEGNHIB@CN@eMKN@ZGOEGMNO]@gGK@TMBTBC_NU@
uvxvjijm|nuvxstxmnsnjsmnqo~tovjrmnjxn rknxonnkqrks|nqxkf
VBMUK@ZBUTKECZFN@TMK^FDEN@CB@NMEa@Q


nnskspqrvrx|nxnuvxuxksktsnwsnuvxvjij|nuvxstxnxonj}xn
ZGOEGMNO@VN^BMKZFLB@TKOB@{MBCNZ
@f@FCZKCEF^NLBM]@B@ZBCEMF\GFCEK@LB@UTBDEB@DB\MK@N@KCLN@K@
{MB^KCEBD@LK@GNOgGKM@NEGMKhN]@TKDDBN@VDFZN]@gGK@KVKEGN@LBNHIB@
BG@TNEMBZCFB@KU@VN^BM@LK@TMBWMNUND]@TMBKEBD@K@NHzKD@ZGOEGMNFD@
juvxyjwxmnus~xn rk|nqxinyrmtjmnnxtsk}xnwsnrkqsktryxmnpmqjrm|n
ZBCVBMUK@KDEN\KOKZFLB@CN@KF@C@@RaP]@LK@PQQP
@f@TKDDBN@GMLFZN@LK@CNEGMKhN@ZGOEGMNO]@N@TKDDBN@GMLFZN]@Tf
~rqjnxonuvryjwj|nqxinxonmsinpkmn~oqvjtryxm|nqoxnjtxnqxkmtrtotryxn
wrmuxkljnsuvsmmjisktsnmxvsnmojnpkj~rwjwsnqo~tovj~
@P@@gGFTNMNUfDK@N@LBNHzKD]@CBD@EKMUBD@LB@MKWGONUKCEB@LB@
{MBCNZ]@ND@LKDTKDND@KVKEGNLND@TBM@TKDDBND@VDFZND@ZBU@B@B\KEF^B@
LK@ZBCDKM^NM]@TMKDKM^NM@BG@MKDENGMNM@\KCD@LK@DGN@TMBTMFKLNLK@BG@
DB\@DGN@TBDDK@OKWEFUN]@EBU\NLBD@TKOB@!B^KMCB@JKLKMNO]@LKDLK@
gGK]@CKDEK@ZNDB]@NEKCLFLND@ND@DKWGFCEKD@LFDTBDFHzKD
@f@ZGUTMFUKCEB@LND@KSFWCZFND@OKWNFD@NTOFZe^KFD@N@\KCD@EBUf
\NLBD]@ZBCVBMUK@MKWGONUKCEB@LB@CDEFEGEB@LB@{NEMFUYCFB@FDEcMFZB@
K@?MEDEFZB@NZFBCNO@T_NC
@f@NTMB^NHIB@TM^FN]@TKOB@T_NC]@LBD@TMBKEBD@K@MKDTKZEF^BD@
BMHNUKCEBD@LK@KSKZGHIB@LND@B\MND@K
nnuxmtsvrxvnqsvtrpqj}x|nus~xnvssvrwxnv}x|nwjmnwsmusmjmn
KVKEF^NUKCEK@MKNOFhNLND@K@LND@ZFMZGCDECZFND@LK@EKMKU@DFLB@ND@B\MND@
KSKZGENLND@LK@NZBMLB@ZBU@BD@TMBKEBD@NTMB^NLBDa
@@@ABCDEFEGF@FCVMNHIB@NB@LFDTBDEB@CKDEK@NMEFWB@B@MKZK\FUKCEB]@
us~xnujtvxqrkjwxv|nwsnoj~osvnyjktjsinpkjkqsrvjnxonijtsvrj~nsin
LKZBMMCZFN@LB@TNEMBZCFB@gGK@KVKEGNMa
0e555
65

x5x5?@LBNHIB@BG@B@TNEMBZCFB@CIB@TBLKU@DKM@KVKEGNLBD@N@
TKDDBN@BG@FCDEFEGFHIB@^FCZGONLN@NB@NWKCEKa
@P@@ABCDFLKMNUfDK@^FCZGONLBD@NB@LBNLBM@BG@TNEMBZFCNLBM
@f@N@TKDDBN@GMLFZN@LN@gGNO@B@LBNLBM@BG@TNEMBZFCNLBM@DKN@EFEGf
ONM]@NLUFCFDEMNLBM]@WKMKCEK]@NZFBCFDEN@BG@DcZFB]@CN@LNEN@LN@BTKMNHIB]@
BG@CBD@P@LBhK@UKDKD@NCEKMFBMKD
@f@B@ZYCGWK]@BD@TNMKCEKD@NE@B@@@EKMZKFMB@WMNG]@FCZOGDF^K@BD@
jpkm|nsnxmnwsuskwsktsmnwxnwxjwxvnxonujtvxqrkjwxvnxonwxmntrto~jvsm|n
NLUFCFDEMNLBMKD]@NZFBCFDEND@BG@DcZFBD@LK@TKDDBN@GMLFZN@^FCZGONLN@
NB@LBNLBM@BG@TNEMBZFCNLBM]@CBD@EKMUBD@LB@FCZFDB@
@f@BGEMN@TKDDBN@GMLFZN@LN@gGNO@B@LBNLBM@BG@TNEMBZFCNLBM@
DKN@DcZFBa
@@@IB@DK@ZBCDFLKMNU@^FCZGONLND@ND@FCDEFEGFHzKD@ZGOEGMNFD@
msinpkmn~oqvjtryxm|nqvrjwjmnus~xnwxjwxvnxonujtvxqrkjwxv|nwsmwsnosn
LK^FLNUKCEK@ZBCDEFEGLND@K@KU@VGCZFBCNUKCEB]@CN@VBMUN@LN@OKWFDf
ONHIB@KU@^FWBMa
@@@?@NTOFZNHIB@LBD@MKZGMDBD@TMK^FDEBD@CB@NMEa@@CIB@TBLK@DKM@
VKFEN@TBM@UKFB@LK@gGNOgGKM@EFTB@LK@FCEKMUKLFNHIBa
@@@?@ZBCEMNENHIB@LK@DKM^FHBD@CKZKDDeMFBD@`@KON\BMNHIB@LK@
TMBKEBD@TNMN@B\EKCHIB@LK@LBNHIB]@TNEMBZCFB@BG@FC^KDEFUKCEB]@\KU@
ZBUB@N@ZNTENHIB@LK@MKZGMDBD@BG@N@DGN@KSKZGHIB@TBM@TKDDBN@GMLFZN@
wsnkjtovsjnqo~tovj~|nk}xnqxkpovjnrktsviswrj}x
@@@bD@TMBWMNUND]@TMBKEBD@K@NHzKD@ZGOEGMNFD@NTMB^NLBD@UKf
LFNCEK@N@DFDEKUeEFZN@LB@{MBCNZ@LKDZMFEN@CB@NMEa@@@LN@KF@C@@RaP]@
LK@PQQP]@CIB@TBLKMIB@MKNOFhNM@LKDTKDND@MKVKMKCEKD@N@DKM^FHBD@LK@
ZNTENHIB@LK@MKZGMDBDa
0e555
6e570zze5e5 ee

x5|x5jvjnpkmnwsnvor}xnwxmnrkqsktryxmnpmqjrmnvssvrwxmnkxn
NMEa@]@ND@TKDDBND@VDFZND@TBLKU@LKLGhFM
nnxmnvsqovmxmnpkjkqsrvxm|nqxvvsmuxkwsktsmnjnwxjsmnxonujf
EMBZCFBD@LKTBDFENLBD@KU@ZBCEN@ZBMMKCEK@UNCEFLN@KDTKZFNOUKCEK@
ujvjnsmtsnpi|nwsnixyrisktj}xnsq~omryjnwxnvsmuxkmys~nus~xn
uvxstxnqo~tovj~|nsinsmtjs~sqrisktxnjkqvrxnxpqrj~|nkxmntsvixmn
LB@NMEa@P
?[

@f@ND@LBNHzKD@BG@TNEMBZCFBD@MKNOFhNLBD@DB\@N@VBMUN@LK@TMKDf
ENHIB@LK@DKM^FHBD@BG@LK@VBMCKZFUKCEB@LK@UNEKMFNO@LK@ZBCDGUB]@TMKf
^FDEBD@ZBUB@FEKCD@LK@LKDTKDND@CBD@MKDTKZEF^BD@TMBKEBD@ZGOEGMNFD]@
B\DKM^NLBD@BD@TMKHBD@TMNEFZNLBD@CB@UKMZNLB
@f@B@^NOBM@ZBMMKDTBCLKCEK@NBD@\KCD@Uc^KFD@BG@FUc^KFD@LBNf
LBD]@B\DKM^NLB@B@LFDTBDEB@CB@NMEa@@@
@f@ND@LKDTKDND@MKNOFhNLND@TKOB@TMBTMFKEeMFB@BG@EFEGONM@LN@TBDf
DK@OKWEFUN@LK@\KCD@EBU\NLBD@TKOB@!B^KMCB@JKLKMNO]@B\KEF^NCLB@
DGN@ZBCDKM^NHIB]@TMKDKM^NHIB@BG@MKDENGMNHIB]@B\DKM^NLB@B@@P@@LB@
NMEa@@K@ND@CBMUND@LB@T_NC
@f@B@ZGDEB@LK@ZKDDIB@LK@GDB@LK@\KCD@Uc^KFD@K@FUc^KFD@LK@TMBf
TMFKLNLK@LB@TNEMBZFCNLBM]@ZKLFLBD@NB@MKDTBCDe^KO@TKON@KSKZGHIB@
LB@TMBKEB@ZGOEGMNO]@B\DKM^NLB@B@LFDTBDEB@CB@@@@a
@P@@?D@LKDTKDND@LK@gGK@EMNEN@B@FCZFDB@@LB@5DIB@ZBCDFf
wsvjwjmnwxjsmnujvjnssrtxnwsnxxnwxnrkqsktryxnpmqj~
@@@b@ZGDEB@LK@ZKDDIB@LK@GDB@LK@\KCD@Uc^KFD@BG@FUc^KFD@LK^K@
DKM@ZNOZGONLB@ZBU@\NDK@CB@TMKHB@LK@UKMZNLB@gGK@B@TMBTMFKEeMFB@
LKFSNMFN@LK@MKZK\KM@LGMNCEK@B@TKMBLB@LK@ZKDDIB@LB@\KUa
@@@N^KCLB@L^FLN@gGNCEB@NB@^NOBM@LKZONMNLB]@CND@_FTcEKDKD@
LBD@FCZFDBD@@K@@LB@5|nxn rk|njnkqrksnsnjnnuxwsin
DBOFZFENM@NB@FCZKCEF^NLBM@ONGLB@EZCFZB@LK@N^NOFNHIB]@NDDFCNLB@TBM@
@EMD@TKMFEBDa
0e5h55
65e55e e

x5x5nnpmqj~rjv|nkxn=irtxnwsnmojmnjtvrorsm|njn
KSKZGHIB@LBD@TMBKEBD@NTMB^NLBD@ZBU@ZNTENHIB@LK@MKZGMDBD@CN@VBMf
UN@LB@NMEa@a
{NMeWMNVB@CFZBa@{NMN@KVKFEB@LB@5xn rknsnjnkqrksnskf
yrjv}xnjmnrkxvijsmnksqsmmvrjmnn|nkxmntsvixmnwxnjvtnn
LKDEN@CDEMGHIB@BMUNEF^Na

x5x5?@TKDDBN@VDFZN@BG@GMLFZN@MKDTBCDe^KO@TKON@KSKZGHIB@
LK@TMBKEB@ZGOEGMNO@LK^K@TBDDGFM@ZBCEMBOKD@TMcTMFBD]@BCLK@MKWFDEMK]@
LK@VBMUN@LKDENZNLN]@N@LKDTKDN@K@N@MKZKFEN@LB@TMBKEB]@\KU@ZBUB@
UNCEKM@KU@DKG@TBLKM@EBLBD@BD@ZBUTMB^NCEKD@K@LBZGUKCEBD@N@KOK@
MKONEF^BD]@TKOB@TMNhB@LKZNLKCZFNOa
{NMeWMNVB@CFZBa@?@TKDDBN@VDFZN@BG@GMLFZN@MKDTBCDe^KO@TKOB@
TMBKEB@ZGOEGMNO@LK^K@KUFEFM@ZBUTMB^NCEKD]@DB\@N@VBMUN@K@UBLKOB@
wspkrwxmnus~xn rknsnus~jnkqrks|nsinjyxvnwxnwxjwxvnxonujtvxf
ZFCNLBMa
0e5h55
65z5
z5e54e0z5ze5ee

x5~x5KU@TMKGhB@LND@DNCHzKD@TKCNFD@ZN\^KFD]@B@MKDTBCf
De^KO@TKOB@TMBKEB@LK@gGK@EMNEN@B@NMEa@@KDEe@DGKFEB@NB@MKZBO_FUKCf
EB@LB@^NOBM@ZBMMKDTBCLKCEK@NB@FUTBDEB@DB\MK@N@MKCLN@gGK@LKFSNM@LK@
DKM@TNWB@TKOB@FCZKCEF^NLBM]@NZMKDZFLB@LK@UGOEN@K@LK@GMBD@LK@UBMN]@
CBD@ZNDBD@LK
@f@FCZBMMKEN@GEFOFhNHIB@LND@LBNHzKD@K@TNEMBZCFBD@MKZK\FLBD
@f@CIB@MKNOFhNHIB@LB@TMBKEB]@DKU@GDEN@ZNGDN@K@DKU@MKZBO_Ff
UKCEB@NB@JA@LND@LBNHzKD@K@TNEMBZCFBD@MKZK\FLBD@K
@f@CIB@MKNOFhNHIB@LB@TMBKEB]@NFCLN@gGK@ZBU@GDEN@ZNGDN]@
NTcD@KDWBENLBD@BD@TMNhBD@ZBCZKLFLBD@K@DKU@MKZBO_FUKCEB@NB@JA@
LND@LBNHzKD@K@TNEMBZCFBD@MKZK\FLBDa
@P@@ABCDENENLB@LBOB]@VMNGLK@BG@DFUGONHIB]@MKONZFBCNLBD@ZBU@
BD@FCZKCEF^BD@LK@gGK@EMNEN@B@NMEa@]@LK^K@DKM@NTOFZNLN@NBD@FCVMNEBf
MKD@N@UGOEN@ZBMMKDTBCLKCEK@N@@LGND@^KhKD@B@^NOBM@LN@^NCENWKU@
MKZK\FLNa
@@@B@ZNDB@LK@ZBCOGFB]@N@UGOEN@LK@gGK@EMNEN@B@@P@@LK^K@DKM@
ju~rqjwjnjxnwxjwxvnxonujtvxqrkjwxvnsnjxnskspqrvrx


@@@bD@GMBD@LK@UBMN]@LK@gGK@EMNEN@KDEK@NMEFWB]@KgGF^NOKCEK@`@
^NMFNHIB@LN@ENSN@KOFZ]@TNMN@EEGOBD@VKLKMNFD]@NZGUGONLN@UKCDNOf
UKCEK]@DIB@ZNOZGONLBD@N@TNMEFM@LB@P@@TMFUKFMB@LFN@LB@UD@DG\DKf
gGKCEK@NB@LB@^KCZFUKCEB@LB@TMNhB@TMK^FDEB@TNMN@B@TNWNUKCEB@NE@
B@UD@NCEKMFBM@NB@LB@TNWNUKCEB@K@LK@P @GU@TBM@ZKCEB@CB@UD@
LB@TNWNUKCEBa
@@@{NMN@BD@KVKFEBD@LKDEK@NMEFWB]@B@LBNLBM@BG@TNEMBZFCNLBM@
MKDTBCLK@DBOFLNMFNUKCEK@ZBU@B@MKDTBCDe^KO@TKOB@TMBKEBa
0e5h55
65z5
z5e57ey

x5x5ABCDENENLN@MKLGHIB@LK@FUTBDEB]@ZBU@N@GEFOFhNHIB@
vjowo~sktjnwsnoj~osvnsksqrxnuvsyrmtxnkxnjvtn|njnnuvxf
ZKLKMe]@LK@BVZFB]@NB@ONCHNUKCEB@LN@LFVKMKCHN@LK@FUTBDEB@ZBU@BD@
NZMDZFUBD@OKWNFD@ZN\^KFDa
7ze555
630543m1230561034230515
4
61034230

TNMN@N@MKNOFhNHIB@LK@TMBKEBD@LKDTBMEF^BD@K@TNMNLKDTBMEF^BD]@LKDLK@
gGK@CIB@KUTMKWNLBD@KU@TG\OFZFLNLK]@NFCLN@gGK@TNMN@LF^GOWNHIB@
LND@NEF^FLNLKD@B\KEB@LB@MKDTKZEF^B@TMBKEB@K
\@N@LFDEMF\GFHIB@WMNEGFEN@LK@FCWMKDDB@TNMN@K^KCEBD@LK@ZNMeEKM@
LKDTBMEF^B@K@TNMNLKDTBMEF^B@TBM@TKDDBN@GMLFZN@N@KUTMKWNLBD@K@
DKGD@LKTKCLKCEKD@OKWNFD@BG@N@FCEKWMNCEKD@LK@ZBUGCFLNLKD@LK@^GOf
CKMN\FOFLNLK@DBZFNO
@f@TNEMBZFCNLBM]@N@TKDDBN@VDFZN]@ZBCEMF\GFCEK@LB@FUTBDEB@
mxvsnjnvskwj|nosnjuxrsnuvxstxmnjuvxyjwxmnus~xn rkrmtvrxnwxn
DTBMEK]@CBD@EKMUBD@LB@FCZFDB@@LB5
@f@LBNLBM]@N@TKDDBN@VDFZN]@ZBCEMF\GFCEK@LB@FUTBDEB@DB\MK@N@
vskwj|nosnjuxrsnuvxstxmnjuvxyjwxmnus~xn rkrmtvrxnwxnmuxvts|n
CBD@EKMUBD@LB@FCZFDB@@LB5
@f@TMBTBCKCEK]@N@TKDDBN@GMLFZN@LK@LFMKFEB@T\OFZB]@BG@LK@
wrvsrtxnuvryjwxnqxinpkmnk}xnsqxkirqxm|nwsnkjtovsjnsmuxvtryj|n
gGK@EKC_N@TMBKEBD@NTMB^NLBD@TBM@ZBUFDDIB@EZCFZN@^FCZGONLN@NB@
rkrmtvrxnwxnmuxvts
0e555
65
ee

0e555
6e5e5z

x5x5?D@TKDDBND@VDFZND]@N@TNMEFM@LB@KSKMZZFB@LK@22R]@NCBf
fZNOKCLeMFB@LK@22]@K@NE@B@KSKMZZFB@LK@2P]@NCBfZNOKCLeMFB@LK@
2P]@TBLKU@LKLGhFM@LB@FUTBDEB@DB\MK@N@MKCLN@NTGMNLB@CN@KZONf
MNHIB@LK@?GDEK@?CGNO]@N@gGK@DK@MKVKMK@B@NMEa@]@BD@^NOBMKD@LKDTKCf
LFLBD@N@EEGOB@LK@TNEMBZCFB@BG@LBNHIB]@CB@NTBFB@LFMKEB@N@TMBKEBD@
wsmuxvtryxmnsnujvjwsmuxvtryxmnuvsyrjisktsnjuvxyjwxmnus~xn rkrmf
EMFB@LB@DTBMEKa
@P@@bD@TMBKEBD@LKDTBMEF^BD@K@TNMNLKDTBMEF^BD]@LK@gGK@EMNEN@
B@5LK^KU@NEKCLKM@N@TKOB@UKCBD@GUN@LND@DKWGFCEKD@UNCFVKDENf
sm|nkxmntsvixmnsnqxkwrsmnwspkrwjmnsinvso~jisktx
@f@LKDTBMEB@KLGZNZFBCNO
@f@LKDTBMEB@LK@TNMEFZFTNHIB
@f@LKDTBMEB@LK@MKCLFUKCEBa
@@@{BLKU@MKZK\KM@BD@MKZGMDBD@BMFGCLBD@LBD@FCZKCEF^BD@LKDEK@
NMEFWB@BD@TMBKEBD@LKDTBMEF^BD@LKDEFCNLBD@N@TMBUB^KM@N@FCZOGDIB@
DBZFNO@TBM@UKFB@LB@KDTBMEK]@TMKVKMKCZFNOUKCEK@KU@ZBUGCFLNLKD@LK@
^GOCKMN\FOFLNLK@DBZFNOa
0e555
6e59 

x5|}x5?@LKLGHIB@LK@gGK@EMNEN@B@NMEa@Q@LK^K@NEKCLKM@NB@OFUFf
EK@WOB\NO@KDEN\KOKZFLB@CB@NMEa@a
0e555

x5|{x5jvjnxmnpkmnwxnjvtn#|nqxkmrwsvjms
@f@TNEMBZCFB
jnjntvjkmsv3kqrjnvjtortj|nsinqjvtsvnwspkrtryx|njxnuvxuxkskf
EK@LK@gGK@EMNEN@B@FCZFDB@@LB@5]@LK@CGUKMeMFB@TNMN@N@MKNOFhNHIB@
wsnuvxstxmnwsmuxvtryxmnsnujvjwsmuxvtryxm|nqxinpkj~rwjwsnuvxixf
ZFBCNO@K@FCDEFEGZFBCNO@LK@TG\OFZFLNLK
\@N@ZB\KMEGMN@LK@WNDEBD@BG@N@GEFOFhNHIB@LK@\KCD]@Uc^KFD@BG@
FUc^KFD]@LB@TNEMBZFCNLBM]@DKU@EMNCDVKMCZFN@LK@LBUCFB]@TNMN@N@
MKNOFhNHIB@LK@TMBKEBD@LKDTBMEF^BD@K@TNMNLKDTBMEF^BD@TKOB@TMBTBf
CKCEK@LK@gGK@EMNEN@B@FCZFDB@@LB@5
@f@LBNHIB
jnjntvjkmsv3kqrjnvjtortj|nsinqjvtsvnwspkrtryx|njxnuvxuxkskf
EK@LK@gGK@EMNEN@B@FCZFDB@@LB@5]@LK@CGUKMeMFB]@\KCD@BG@DKM^FHBD@
?

x5|x5?@NTMB^NHIB@LBD@TMBKEBD@LK@gGK@EMNEN@B@NMEa@Q@DBf
isktsntsvnspqqrjnjumnjnuo~rqj}xnwsnjtxnxpqrj~nqxktskwxnxn
EEGOB@LB@TMBKEB@NTMB^NLB]@N@FCDEFEGFHIB@MKDTBCDe^KO]@B@^NOBM@NGEBf
MFhNLB@TNMN@ZNTENHIB@K@B@TMNhB@LK@^NOFLNLK@LN@NGEBMFhNHIBa
0e555
6e56e5e54e5e

x5|x5bD@MKZGMDBD@TMB^KCFKCEKD@LK@LBNHzKD@BG@TNEMBZCFBD@
CN@VBMUN@LK@CGUKMeMFB@DKMIB@LKTBDFENLBD@K@UB^FUKCENLBD@KU@ZBCf
tjnjkqvrjnsmusqpqj|nkxnjkqxnwxnvjmr~n"nxonkjnjrjnqxf
CYUFZN@JKLKMNO]@gGK@EKC_N@ZBUB@EFEGONM@B@TMBTBCKCEK@LB@TMBKEB@
juvxyjwxnus~xn rkrmtvrxnwxnmuxvts
{NMeWMNVB@CFZBa@IB@DIB@LKLGE^KFD@BD@^NOBMKD@KU@MKONHIB@NBD@
gGNFD@CIB@DK@B\DKM^K@B@LFDTBDEB@CKDEK@NMEFWBa
0e555
65

x5||x5IB@DIB@LKLGE^KFD@BD@^NOBMKD@LKDEFCNLBD@N@TNEMBZCFB@
xonwxj}xnsinjyxvnwsnuvxstxmnosnskspqrsi|nwrvstjnxonrkwrvsf
ENUKCEK]@TKDDBN@VDFZN@BG@GMLFZN@^FCZGONLN@NB@LBNLBM@BG@TNEMBZFf
CNLBMa
{NMeWMNVB@CFZBa@ABCDFLKMNUfDK@^FCZGONLBD@NB@TNEMBZFCNLBM@
BG@NB@LBNLBM
@f@N@TKDDBN@GMLFZN@LN@gGNO@B@TNEMBZFCNLBM@BG@B@LBNLBM@DKN@
EFEGONM]@NLUFCFDEMNLBM]@WKMKCEK]@NZFBCFDEN@BG@DcZFB]@CN@LNEN@LN@BTKf
MNHIB@BG@CBD@P@LBhK@UKDKD@NCEKMFBMKD
@f@B@ZYCGWK]@BD@TNMKCEKD@NE@B@@@EKMZKFMB@WMNG]@FCZOGDF^K@BD@
jpkm|nsnxmnwsuskwsktsmnwxnujtvxqrkjwxv|nwxnwxjwxvnxonwxmntrto~jvsm|n
NLUFCFDEMNLBMKD]@NZFBCFDEND@BG@DcZFBD@LK@TKDDBN@GMLFZN@^FCZGONLN@
NB@TNEMBZFCNLBM@BG@NB@LBNLBM]@CBD@EKMUBD@LB@FCZFDB@
@f@N@TKDDBN@GMLFZN@ZBOFWNLN]@ZBCEMBONLBMN@BG@ZBCEMBONLN]@
BG@gGK@EKC_N@ZBUB@EFEGONMKD]@NLUFCFDEMNLBMKD]@NZFBCFDEND@BG@DcZFBD@
NOWGUN@LND@TKDDBND@N@gGK@DK@MKVKMK@B@FCZFDB@a

x5|x5@^KLNLN@N@GEFOFhNHIB@LBD@MKZGMDBD@BMFGCLBD@LBD@
FCZKCEF^BD@TMK^FDEBD@CB@NMEa@Q@TNMN
nnxnujjisktxnwsnvsioksvj}xnwsnjt~stjmnuvxpmmrxkjrm|nkxmn
EKMUBD@LN@KF@C@@QaP]@LK@@LK@UNMHB@LK@PQQR]@KU@gGNOgGKM@
UBLNOFLNLK@LKDTBMEF^N


@f@B@TNWNUKCEB@LK@gGNFDgGKM@LKDTKDND@MKONEF^ND@`@UNCGEKCHIB@
snxvjkrj}xnwsnsorusmnwsmuxvtryjmnxonujvjwsmuxvtryjmnuvxpmmrxf
kjrmnwsnj~txnvskwrisktx|nxonwsnqxiustrsmnuvxpmmrxkjrm|nqxkxvf
isnwspkrwx|nvsmusqtryjiskts|nkxnrkqrmxnnwxnujvvjxnkrqxnwxn
NMEa@@@K@CB@TNMeWMNVB@CFZB@LB@NMEa@@LN@KF@C@QaP]@LK@PQQRa

x5|x5KC_GUN@NTOFZNHIB@LBD@MKZGMDBD@TMK^FDEBD@CKDEK@ANf
TEGOB@TBLKMe@DKM@VKFEN@TBM@UKFB@LK@gGNOgGKM@EFTB@LK@FCEKMUKLFNHIBa
{NMeWMNVB@CFZBa@?@ZBCEMNENHIB@LK@DKM^FHBD@LKDEFCNLBD@`@KON\Bf
MNHIB@LBD@TMBKEBD@LKDTBMEF^BD@BG@TNMNLKDTBMEF^BD@BG@`@ZNTENHIB@LK@
vsqovmxmnk}xnqxkpovjnjnrktsviswrj}xnuvsyrmtjnkxn5a
0e555
65

x5|~x5ABCDEFEGKU@FCVMNHIB@NBD@LFDTBDFEF^BD@LKDEK@ANTEGOB
@f@B@MKZK\FUKCEB@TKOB@TNEMBZFCNLBM@BG@LBNLBM@LK@gGNOgGKM@
yjktjsinpkjkqsrvjnxonijtsvrj~nsinwsqxvv3kqrjnwxnujtvxqkrxnxon
LN@LBNHIB@gGK@ZBU@\NDK@CKOK@KVKEGNM
@f@NWFM@B@TNEMBZFCNLBM]@B@LBNLBM@BG@B@TMBTBCKCEK@ZBU@LBOB]@
VMNGLK@BG@DFUGONHIB@TNMN@GEFOFhNM@FCZKCEF^B@CKOK@TMK^FDEB
@f@B@LKDZGUTMFUKCEB@LK@gGNOgGKM@LND@LFDTBDFHzKD@MKONEF^ND@
NB@TNEMBZCFB@BG@LBNHIBa
@P@@?D@FCVMNHzKD]@DKU@TMKGhB@LND@LKUNFD@DNCHzKD@ZN\^KFD]@
DGKFENMIB
@f@B@TNEMBZFCNLBM@BG@B@LBNLBM@NB@TNWNUKCEB@LB@FUTBDEB@CIB@
MKZBO_FLB]@NOU@LND@TKCNOFLNLKD@K@LKUNFD@NZMDZFUBD@TMK^FDEBD@CN@
OKWFDONHIB
@f@B@FCVMNEBM@NB@TNWNUKCEB@LK@UGOEN@ZBMMKDTBCLKCEK@N@@
LGND@^KhKD@B@^NOBM@LN@^NCENWKU@NGVKMFLN@FCLK^FLNUKCEK]@DKU@
TMKGhB@LB@LFDTBDEB@CB@FCZFDB@a
@@@b@TMBTBCKCEK@@DBOFLNMFNUKCEK@MKDTBCDe^KO@TBM@FCNLFUf
u~3kqrjnxonrvvso~jvrwjwsnysvrpqjwjnojktxnjxnwrmuxmtxnkxnrkqrmxn
@LB@@P@@a
0e555
65e55e e

x5|x5nnpmqj~rjv|nkxn=irtxnwsnmojmnjtvrorsm|njn
KSKZGHIB@LBD@TMBKEBD@NTMB^NLBD@ZBU@ZNTENHIB@LK@MKZGMDBD@CN@VBMf
UN@LB@NMEa@Qa
{NMeWMNVB@CFZBa@{NMN@KVKFEB@LB@5|nxn rkrmtvrxnwxnmuxvf
tsnskyrjvnjmnrkxvijsmnksqsmmvrjmnn|nkxmntsvixmnwxnjvtnn
LKDEN@CDEMGHIB@BMUNEF^Na

x5|x5?@TKDDBN@GMLFZN@MKDTBCDe^KO@TKON@KSKZGHIB@LK@TMBf
KEB@LKDTBMEF^B@K@TNMNLKDTBMEF^B@LK^K@TBDDGFM@ZBCEMBOKD@TMcTMFBD]@
BCLK@MKWFDEMK]@LK@VBMUN@LKDENZNLN]@N@LKDTKDN@K@N@MKZKFEN@LB@TMBKEB]@
\KU@ZBUB@UNCEKM@KU@DKG@TBLKM@EBLBD@BD@ZBUTMB^NCEKD@K@LBZGf
UKCEBD@N@KOK@MKONEF^BD]@TKOB@TMNhB@LKZNLKCZFNOa
7
n28935g
5
63543 3 51563543
0b765
ze5z5e5 e 5455{x{{5555
ye55}{
0e55
6e5e55
kq~owjnus~jnkmtvo}xn9xvijtryjnnkn

|nwsnZnwsnwsf
hKU\MB@LK@2P
?

x5|g
x@?@TKDDBN@VDFZN@TBLKMe@LKLGhFM@LB@FUTBDEB@LK^FLB@
NTGMNLB@CN@KZONMNHIB@LK@?GDEK@?CGNO]@N@gGK@DK@MKVKMK@B@NMEa@]@N@
TNMEFM@LB@NCBfZNOKCLeMFB@LK@2P@NE@B@NCBfZNOKCLeMFB@LK@2P]@CN@
gGNOFLNLK@LK@FCZKCEF^NLBMN]@B@^NOBM@EBENO@LND@LBNHzKD@K@TNEMBZCFBD@
LKDTKCLFLBD@CB@NCBfZNOKCLeMFB@NCEKMFBM]@N@gGK@DK@MKVKMK@N@KZONf
MNHIB@LK@?GDEK@?CGNO]@LFMKENUKCEK@KVKEGNLBD@KU@TMBO@LK@NHzKD@K@
DKM^FHBD@TMK^FNUKCEK@NTMB^NLBD]@CN@VBMUN@LB@NMEa@Qf!]@LKDKC^BOf
^FLBD@TBM@FCDEFEGFHzKD@CB@U\FEB@LB@CZOGLB@TKON@CDEMGHIB@BMf
ijtryjnnkn

|nwsnZnwsnwssivxnwsn

nnvxkxknsnkq~owxnus~jnkmtvo}xn9xvijtryjnnkn
PaPP]@LK@R@LK@LKhKU\MB@LK@2P
nnvxkjmnkq~owxnus~jnkmtvo}xn9xvijtryjnnkn
PaPP]@LK@R@LK@LKhKU\MB@LK@2P
@P@ABCDFLKMNfDK@TNEMBZCFB@N@TMKDENHIB@LB@FCZKCEF^B@ZBU@
pkj~rwjwsnuvxixqrxkj~nkq~owxnus~jnkmtvo}xn9xvijtryjnn
C@PaPP]@LK@R@LK@LKhKU\MB@LK@2P
@@bD@\KCKVZFBD@LK@gGK@EMNEN@KDEK@NMEFWB@CIB@KSZOGKU@
BGEMBD@\KCKVZFBD@K@LKLGHzKD@KU@^FWBMa@CZOGLB@TKON@CDEMGHIB@
9xvijtryjnnkn

|nwsnZnwsnwssivxnwsn

0e55
15
z5z5e5 e 5455{x{{5555
ye55}{

x5|gx@{BLKU@ZNTENM@MKZGMDBD@LK@gGK@EMNEN@B@NMEa@Qf?@
kq~owxnus~jnkmtvo}xn9xvijtryjnnkn

|nwsnZnwsnwsf
hKU\MB@LK@2P
@f@MKONEF^NUKCEK@NB@{MBCBC]@ND@FCDEFEGFHzKD@LK@TMK^KCHIB@K@
ZBU\NEK@NB@ZCZKM]@TKDDBND@GMLFZND@LK@LFMKFEB@TMF^NLB]@NDDBZFNEFf
yjmnxonokwjqrxkjrm|nmsinpkmn~oqvjtryxmnkq~owxnus~jnkmtvo}xn
9xvijtryjnnkn

|nwsnZnwsnwssivxnwsn

jnqsvtrpqjwjmnqxixnsktrwjwsmnskspqsktsmnwsnjmmrmt3kqrjnmxf
ZFNO]@CN@VBMUN@LN@KF@C@PaP2P]@LK@@LK@CB^KU\MB@LK@22Q@Cf
q~owjnus~jnkmtvo}xn9xvijtryjnnkn

|nwsnZnwsnwssivxn
LK@2P
noj~rpqjwjmnqxixnxvjkrjsmnmxqrjrm|nkjnxvijnwjn$srnkn
Qa]@LK@P@LK@UNFB@LK@PQQR@BG@CZOGLN@TKON@CDEMGHIB@BMUNf
tryjnnkn

|nwsnZnwsnwssivxnwsn

qnoj~rpqjwjmnqxixnvjkrjsmnwjn"xqrswjwsnryr~nwsnkf
EKMKDDK@{\OFZB@bDZFT]@CN@VBMUN@LN@KF@C@QaQ2]@LK@@LK@UNMHB@
wsn
###nxonkq~owjnus~jnkmtvo}xn9xvijtryjnnkn

|nwsn
R@LK@LKhKU\MB@LK@2P
@f@MKONEF^NUKCEK@NB@{MBCND{A]@ND@TKDDBND@GMLFZND@LK@LFf
vsrtxnuvryjwxnmsinpkmn~oqvjtryxmnosnmsnwsmtrkjinjxntvjtjisktxnwsn
wspqr3kqrjmnmrqjm|nixtxvjm|njowrtryjm|nyrmojrm|nisktjrm|nrkts~sqf
EGNFD]@UOEFTOND@K@LK@NGEFDUB@CZOGLN@TKON@CDEMGHIB@BMUNEF^N@
nkn

|nwsnZnwsnwssivxnwsn

jnqsvtrpqjwjmnqxixnsktrwjwsmnskspqsktsmnwsnjmmrmt3kqrjnmxf
ZFNO@gGK@NEKCLNU@NB@LFDTBDEB@CN@KF@C@PaP2P]@LK@22Q@CZOGLN@
us~jnkmtvo}xn9xvijtryjnnkn

|nwsnZnwsnwssivxnwsn
2P
\@gGK@NEKCLNU@NBD@MKgGFDFEBD@LK@gGK@EMNEN@N@KF@C@Qa]@LK@

##Znkq~owjnus~jnkmtvo}xn9xvijtryjnnkn

|nwsnZnwsn
LKhKU\MB@LK@2P
Z@ZBCDEFEGLND@ZBUB@bDZFT@gGK@NEKCLN@NBD@MKgGFDFEBD@LK@gGK@
EMNEN@N@KF@C@QaQ2]@LK@PQQQ@BG@CZOGLN@TKON@CDEMGHIB@BMUNEFf
yjnnkn

|nwsnZnwsnwssivxnwsn

L@gGK@TMKDEKU@NEKCLFUKCEB@LFMKEB@K@WMNEGFEB@`D@TKDDBND@ZBU@
wspqr3kqrj|nqjwjmtvjwjmnkxnjwjmtvxn9jqrxkj~nwsnmtjs~sqriskf
txmnwsn"jwsn9"nwxn rkrmtvrxnwjn"jwsnkq~owjnus~jnkmf
tvo}xn9xvijtryjnnkn

|nwsnZnwsnwssivxnwsn


0e55
6e59 5
z5z5e5 e 5455{x{{5555
ye55}{

x5|g7xnmnwswosmnwsnosntvjtjnxnjvtn#npqjin~rirtjf
LND@NBD@DKWGFCEKD@TKMZKCEGNFD@DB\MK@B@FUTBDEB@DB\MK@N@MKCLN@LK^Ff
LB]@NTGMNLB@CN@KZONMNHIB@LK@?GDEK@?CGNO@N@gGK@DK@MKVKMK@B@NMEa@
nkq~owxnus~jnkmtvo}xn9xvijtryjnnkn

|nwsnZnwsn
LKhKU\MB@LK@2P
@f@P @GU@TBM@ZKCEB@MKONEF^NUKCEK@NB@{MBCBC@K@CZOGLB@
us~jnkmtvo}xn9xvijtryjnnkn

|nwsnZnwsnwssivxnwsn
2P
@f@P @GU@TBM@ZKCEB@MKONEF^NUKCEK@NB@{MBCND{Aa@CZOGf
wxnus~jnkmtvo}xn9xvijtryjnnkn

|nwsnZnwsnwssivxnwsn
2P
{NMeWMNVB@CFZBa@?D@LKLGHzKD@LK@gGK@EMNEN@KDEK@NMEFWB@CIB@DK@
DG\UKEKU@NB@OFUFEK@WOB\NO@LK@LKLGHzKD@KDEN\KOKZFLB@CB@NMEa@a@
kq~owxnus~jnkmtvo}xn9xvijtryjnnkn

|nwsnZnwsnwsf
hKU\MB@LK@2P
0e55
6e57e e5
z5z5e5 e 5455{x{{5555
ye55}{

x5|g6x5?@FCDEFEGFHIB@NTBFNLN@ZBU@BD@MKZGMDBD@ZNTENLBD@TBM@
UKFB@LB@{MBCBC@BG@LB@{MBCND{A@LK^K@KUFEFM@MKZF\B@KU@VN^BM@LB@
wxjwxvnxonujtvxqrkjwxv|njmmrkjwxnuxvnusmmxjnqxiustskts|nsmusqrpf
qjkwxnkq~owxnus~jnkmtvo}xn9xvijtryjnnkn

|nwsnZnwsn
LKhKU\MB@LK@2P
@f@B@CUKMB@LK@BMLKU@CZOGLB@TKON@CDEMGHIB@BMUNEF^N@
nkn

|nwsnZnwsnwssivxnwsn

@f@B@CBUK]@B@CUKMB@LK@FCDZMFHIB@CB@A{d@K@B@KCLKMKHB@LB@
sirtsktsnkq~owxnus~jnkmtvo}xn9xvijtryjnnkn

|nwsnZn
LK@LKhKU\MB@LK@2P
@f@B@CBUK@K@B@CUKMB@LK@FCDZMFHIB@CB@A{J@LB@LBNLBM@Cf
q~owxnus~jnkmtvo}xn9xvijtryjnnkn

|nwsnZnwsnwssivxn
LK@2P
@f@N@LNEN@LN@LBNHIB@K@B@^NOBM@MKZK\FLB@CZOGLB@TKON@CDEMGf
}xn9xvijtryjnnkn

|nwsnZnwsnwssivxnwsn

@f@B@NCBfZNOKCLeMFB@N@gGK@DK@MKVKMK@N@LBNHIB@K@CZOGLB@TKON@
kmtvo}xn9xvijtryjnnkn

|nwsnZnwsnwssivxnwsn

nnxnjtxnwxn rkrmtvrxnwjn"jwsnosnjotxvrxonjnqjutj}xnwsn
vsqovmxmnkq~owxnus~jnkmtvo}xn9xvijtryjnnkn

|nwsnZn
LK@LKhKU\MB@LK@2P
@P@b@ZBUTMB^NCEK@LK@gGK@EMNEN@B@ZNTGE@TBLK@DKM@KUFEFLB@
NCGNOUKCEK]@LKDLK@gGK@LFDZMFUFCK@BD@^NOBMKD@LBNLBD@UD@N@UDa@
kq~owxnus~jnkmtvo}xn9xvijtryjnnkn

|nwsnZnwsn
LKhKU\MB@LK@2P
@@B@ZNDB@LK@LBNHIB@KU@\KCD]@B@ZBUTMB^NCEK@LK^K@ZBCEKM@
jnrwsktrpqj}xnwxmnskm|niswrjktsnwsmqvr}xnsinqjiuxnuvuvrxnxon
KU@MKONHIB@NCKSN@NB@ZBUTMB^NCEK]@FCVBMUNCLB@ENU\U]@DK@_BG^K@
N^NOFNHIB]@B@CBUK]@B@CUKMB@LK@FCDZMFHIB@CB@A{J@BG@CB@A{d@K@
B@KCLKMKHB@LBD@N^NOFNLBMKDa@CZOGLB@TKON@CDEMGHIB@BMUNEF^N@
nkn

|nwsnZnwsnwssivxnwsn

0e55
656e5
z5z5e5 e 5455{x{{5555
ye55}{
?1

x5|g1x5?D@LBNHzKD@TBLKMIB@NDDGUFM@ND@DKWGFCEKD@KDTf
qrsmnwsnjtxmnvjtortxmnkq~owxnus~jnkmtvo}xn9xvijtryjnnkn
PaPP]@LK@R@LK@LKhKU\MB@LK@2P
@f@EMNCDVKMCZFN@LK@gGNCEFND@KU@LFC_KFMB@CZOGLB@TKON@CDf
tvo}xn9xvijtryjnnkn

|nwsnZnwsnwssivxnwsn

@f@EMNCDVKMCZFN@LK@\KCD@Uc^KFD@BG@FUc^KFD@CZOGLB@TKON@
kmtvo}xn9xvijtryjnnkn

|nwsnZnwsnwssivxnwsn

@f@ZBUBLNEB@BG@ZKDDIB@LK@GDB@LK@\KCD@FUc^KFD@BG@KgGFTNf
isktxmnkq~owxnus~jnkmtvo}xn9xvijtryjnnkn

|nwsnZn
LK@LKhKU\MB@LK@2P
@f@MKNOFhNHIB@LK@LKDTKDND@KU@ZBCDKM^NHIB]@UNCGEKCHIB@BG@
MKTNMBD@CBD@\KCD@Uc^KFD]@FUc^KFD@K@KgGFTNUKCEBD]@FCZOGDF^K@BD@
vssvrwxmnkxnrkqrmxnnsnkq~owxnus~jnkmtvo}xn9xvijtryjnn
C@PaPP]@LK@R@LK@LKhKU\MB@LK@2P
@f@VBMCKZFUKCEB@LK@UNEKMFNO@LK@ZBCDGUB]@_BDTFENONM@BG@ZOf
CFZB]@LK@UKLFZNUKCEBD@BG@LK@TMBLGEBD@LK@NOFUKCENHIBa@CZOGLB@
us~jnkmtvo}xn9xvijtryjnnkn

|nwsnZnwsnwssivxnwsn
2P
@P@U@gGNOgGKM@LND@_FTcEKDKD@TMK^FDEND@CB@ZNTGE]@B@^NOBM@LN@
LKLGHIB@CIB@TBLKMe@GOEMNTNDDNM@B@^NOBM@LK@UKMZNLBa@CZOGLB@TKON@
kmtvo}xn9xvijtryjnnkn

|nwsnZnwsnwssivxnwsn

@ @ bD@ cMWIBD@ K@ KCEFLNLKD@ T\OFZND@ FCEKWMNCEKD@ LN@

NLUFCFDEMNHIB@T\OFZN@LFMKEN@K@FCLFMKEN@LN@CFIB]@KDENLBD]@FDEMFEB@
JKLKMNO@K@UGCFZTFBD@gGK@NEGNU@CN@TMK^KCHIB@K@ZBU\NEK@NB@
ZCZKM@DBUKCEK@TBLKMIB@DKM@LKDEFCNEeMFND@LND@LBNHzKD@CN@VBMUN@LK@
EMNCDVKMCZFN@LK@\KCD@Uc^KFD@BG@FUc^KFD@K@CN@VBMUN@LK@ZBUBLNEB@
BG@ZKDDIB@LK@GDB@LK@\KCD@FUc^KFD@BG@KgGFTNUKCEBDa@CZOGLB@TKON@
kmtvo}xn9xvijtryjnnkn

|nwsnZnwsnwssivxnwsn

@@N@_FTcEKDK@LN@LBNHIB@KU@\KCD]@B@LBNLBM@LK^KMe@
ZBCDFLKMNM@ZBUB@^NOBM@LBD@\KCD@LBNLBD@B@^NOBM@ZBCDENCEK@LN@OEFUN@
sq~jvj}xnwsnskmnsnrvsrtxmnwjnsq~jvj}xnwsnomtsnkoj~nxonxn
^NOBM@TNWB]@CB@ZNDB@LK@\KCD@NLgGFMFLBD@CB@UKDUB@NCB@LN@LBNHIB]@
B\DKM^NLB@B@LFDTBDEB@CB@@Pa@CZOGLB@TKON@CDEMGHIB@BMUNEF^N@
nkn

|nwsnZnwsnwssivxnwsn

0e55
65ze55e55e e5
z5z5e5 e 5455{x{{5555
ye55}{

x5|gxnnnpmqj~rjv|nkxn=irtxnwsnmojmnjtvrorsm|n
N@ZNTENHIB@LBD@MKZGMDBD@KVKEGNLN@CN@VBMUN@LB@NMEa@Qf?a@CZOGLB@
us~jnkmtvo}xn9xvijtryjnnkn

|nwsnZnwsnwssivxnwsn
2P
jvvjxnkrqxnjvjnssrtxnwxnwrmuxmtxnkxnqjuot|nxn rkrmtf
vrxnwjn"jwsnwsysnrkxvijvnjkoj~isktsnnnwjwxmnvs~jtryxmnmn
LBNHzKD@K@NBD@TNEMBZCFBD@N@TMBKEBD@LB@{MBCBC@K@LB@{MBCND{A@
TMK^FNUKCEK@NTMB^NLBD@TBM@KDDK@cMWIBa@CZOGLB@TKON@CDEMGHIB@
9xvijtryjnnkn

|nwsnZnwsnwssivxnwsn

0e55
65
ee555
550e5
z5z5e5 e 5455{x{{5555
ye55}{

x5|gx5{NMN@N@NTOFZNHIB@LB@LFDTBDEB@CB@NMEa@Qf?]@ND@NHzKD@
snmsvyrxmnjnmsvsinskspqrjwjmnus~xmnrkqsktryxmnwsnosntvjtjnsmtsn
juto~xnwsysinmsvnjuvxyjwxmnuvsyrjisktsnus~xn rkrmtvrxnwjn
NLK]@DKWGCLB@N@VBMUN@K@B@TMBZKLFUKCEB@KDEN\KOKZFLBD@KU@NEB@
LB@{BLKM@SKZGEF^B]@K@LK^KU@KDENM@KU@ZBCDBCCZFN@ZBU@N@TBOEFZN@
wspkrwjnujvjnxnmstxvnkxn~jkxn9jqrxkj~nwsn"jwsnsnkjmnwrvstvrf
smnwsmmsn rkrmtvrxnkq~owxnus~jnkmtvo}xn9xvijtryjnnkn
PaPP]@LK@R@LK@LKhKU\MB@LK@2P


0e55
6e5ze5zeyz5f 02 e556@
kq~owjnus~jnkmtvo}xn9xvijtryjnnkn

|nwsnZnwsnwsf
hKU\MB@LK@2P

x5|ga@b@^NOBM@WOB\NO@UeSFUB@LND@LKLGHzKD@LK@gGK@EMNEN@
xnjvtn#nmsvnpjwxnjkoj~isktsnus~xnxwsvnsqotryx|nqxinjmsn
KU@GU@TKMZKCEGNO@LN@MKCLN@EMF\GEe^KO@LND@TKDDBND@VDFZNDa@CZOGLB@
us~jnkmtvo}xn9xvijtryjnnkn

|nwsnZnwsnwssivxnwsn
2P
0e5h5
6e56e5e54e5e5
z5z5e5 e 5455{x{{5555
ye55}{

x5|gx@bD@MKZGMDBD@B\KEB@LK@LBNHIB@BG@TNEMBZCFB@LK^Kf
v}xnmsvnwsuxmrtjwxmnsnixyrisktjwxm|nsinqxktjnjkqvrjnsmusqpqj|n
KU@CBUK@LN@KCEFLNLK@NTBFNLN@CBD@EKMUBD@LB@{MBCBC@K@LB@{MBCND@
nkq~owxnus~jnkmtvo}xn9xvijtryjnnkn

|nwsnZnwsn
LKhKU\MB@LK@2P
jvvjxnkrqxn9}xnmsv}xnqxkmrwsvjwxm|nujvjnpkmnwsnqxif
TMB^NHIB@LB@FCZKCEF^B]@BD@NTBMEKD@KU@MKONHIB@NBD@gGNFD@CIB@DK@
ZGUTMN@B@LFDTBDEB@CB@ZNTGEa@CZOGLB@TKON@CDEMGHIB@BMUNEF^N@
nkn

|nwsnZnwsnwssivxnwsn

0e5h5
65z5
z5z5e5 e 5455{x{{5555
ye55}{

x5|gmx@?D@FCVMNHzKD@NB@LFDTBDEB@CKDEK@ANTEGOB]@DKU@TMKf
GhB@LND@DNCHzKD@TKCNFD@ZN\^KFD]@DGKFENMIB@B@LBNLBM@BG@TNEMBZFf
CNLBM@NB@TNWNUKCEB@LB@^NOBM@NEGNOFhNLB@LB@FUTBDEB@DB\MK@N@MKCLN@
wsyrwxnsinvs~j}xnjnqjwjnssvqqrxnpkjkqsrvxnsnwjmnuskj~rwjwsmnsn
LKUNFD@NZMDZFUBD@TMK^FDEBD@CN@OKWFDONHIB@^FWKCEKa@CZOGLB@TKON@
kmtvo}xn9xvijtryjnnkn

|nwsnZnwsnwssivxnwsn

{NMeWMNVB@CFZBa@N@_FTcEKDK@LK@LBOB]@VMNGLK@BG@DFUGONHIB]@
rkq~omrysnkxnqjmxnwsnwsmyrxnwsnpkj~rwjws|nmsvnju~rqjwj|njxnwxjwxvn
snjxnskspqrvrx|nio~tjnqxvvsmuxkwsktsnjnnwojmnyssmnxnyj~xvnwjn
^NCENWKU@NGVKMFLN@FCLK^FLNUKCEKa@CZOGLB@TKON@CDEMGHIB@BMf
ijtryjnnkn

|nwsnZnwsnwssivxnwsn

7ze555
6
573 248cd35
243
95

5q54163 g
7
5037
9519351f 41
634563f 40273
0e555
6e5e5z

x5}x5?@TKDDBN@VDFZN]@NE@B@KSKMZZFB@LK@2P]@NCBfZNOKCf
LeMFB@LK@2P]@DK@KUTMKWNLBM@LBUDEFZB]@TBLK@LKLGhFM@LB@FUTBDEB@
NTGMNLB@CN@KZONMNHIB@LK@?GDEK@?CGNO]@N@gGK@DK@MKVKMK@B@NMEa@]@N@
ZBCEMF\GFHIB@TNEMBCNO@TNWN@`@{MK^FLCZFN@BZFNO@FCZFLKCEK@DB\MK@B@
^NOBM@LN@MKUGCKMNHIB@LB@KUTMKWNLBa@@KLNHIB@LNLN@TKON@CDEMGf
}xn9xvijtryjnnkn

#|nwsnnwsnmstsivxnwsn

@
0e555
6e59 

x5{x5?@LKLGHIB@LK@gGK@EMNEN@B@NMEa@2]@B\DKM^NLBD@BD@OFUFf
EKD@LK@gGK@EMNENU@BD@NMEDa@@K@
?7

@f@KDEe@OFUFENLN
N@N@P@GU@KUTMKWNLB@LBUDEFZB@TBM@LKZONMNHIB]@FCZOGDF^K@CB@
ZNDB@LN@LKZONMNHIB@KU@ZBCGCEB
\@NB@^NOBM@MKZBO_FLB@CB@NCBfZNOKCLeMFB@N@gGK@DK@MKVKMFM@N@LKf
ZONMNHIB@K
Z@NB@^NOBM@MKZBO_FLB]@CN@_FTcEKDK@LK@TNWNUKCEBD@VKFEBD@TMBf
TBMZFBCNOUKCEK@KU@MKONHIB@NB@TKMBLB@LK@LGMNHIB@LB@ZBCEMNEB@LK@
EMN\NO_B
@f@CIB@TBLKMe@KSZKLKM@NB@^NOBM@LN@ZBCEMF\GFHIB@TNEMBCNO@ZNOf
ZGONLN@DB\MK@P@GU@DNOeMFB@UCFUB@UKCDNO]@DB\MK@B@LZFUB@EKMf
ZKFMB@DNOeMFB@K@DB\MK@N@MKUGCKMNHIB@NLFZFBCNO@LK@VMFND]@MKVKMFLBD@
ENU\U@N@P@GU@DNOeMFB@UCFUB@K
nnpqjnqxkwrqrxkjwjnnqxiuvxyj}xnwjnvso~jvrwjwsnwxnsif
TMKWNLBM@LBUDEFZB@TKMNCEK@B@KWFUK@!KMNO@LK@{MK^FLCZFN@BZFNO@
gGNCLB@DK@EMNENM@LK@ZBCEMF\GFCEK@FCLF^FLGNOa

x5x5b\DKM^NLND@ND@ZBUTKECZFND@LK@MKZBO_FUKCEBD@LND@
ZBCEMF\GFHzKD@TMK^FLKCZFeMFND]@DBUKCEK@TBLKU@DKM@LKLGhFLBD@BD@
^NOBMKD@MKZBO_FLBD@CB@NCBfZNOKCLeMFB@N@gGK@DK@MKVKMFM@N@KZONMNHIB@
LK@?GDEK@?CGNO]@B\DKM^NLB@B@DKWGFCEK
@f@CN@_FTcEKDK@LK@MKZBO_FUKCEBD@LK@ZBCEMF\GFHzKD@VKFEBD@ZBU@
NEMNDB
N@DK@BD@TNWNUKCEBD@BZBMMKMKU@CB@KSKMZZFB@LND@MKDTKZEF^ND@
ZBUTKECZFND]@ND@ZBCEMF\GFHzKD@TNWND@TBLKU@DKM@NTMB^KFENLND@TNMN@
pkmnwsnrkqsktryxnwxnriuxmtxnmxvsnjnvskwj|nmskwxnosnjmnio~tjmnsn
xmnovxmnk}xnuxwsinmsvnjuvxysrtjwxmnujvjnpkmnwsnwswo}x
\@DK@BD@TNWNUKCEBD@BZBMMKMKU@KU@KSKMZZFBD@DKWGFCEKD@`D@LND@
MKDTKZEF^ND@ZBUTKECZFND]@ND@ZBCEMF\GFHzKD@TNWND@CIB@TBLKU@DKM@
juvxysrtjwjmnujvjnpkmnwsnrkqsktryxnwxnriuxmtxnmxvsnjnvskwj
nnkjnlrutsmsnwsnqxktvrorktsnosnmsnvstrvjnwxnvjmr~|nmxisktsn
@TKMUFEFLN@N@LKLGHIB@LK@ZBCEMF\GFHIB@TNWN@TBM@TKDDBN@VDFZN@gGK@
`@TBZN@LB@TNWNUKCEB@DK@KCZBCEMN^N@CN@ZBCLFHIB@LK@MKDFLKCEK@CB@
vjmr~
@f@CN@_FTcEKDK@LK@ZBCEMF\GFCEK@VNOKZFLB@KDTcOFB
N@_N^KCLB@\KCD@N@FC^KCENMFNM]@DBUKCEK@@TKMUFEFLN@N@LKLGHIB@
LK@ZBCEMF\GFHIB@TNWN@NE@N@LNEN@LB@EMCDFEB@KU@GOWNLB@LN@LKZFDIB@
GLFZFNO@LN@TNMEFO_N]@DB\MKTNMEFO_N@BG@NLGLFZNHIB@LBD@\KCD@FC^KCf
ENMFNLBD
\@CIB@_N^KCLB@\KCD@N@FC^KCENMFNM]@DBUKCEK@@TKMUFEFLN@N@LKf
LGHIB@LK@ZBCEMF\GFHIB@TNWN@NE@N@LNEN@LB@VNOKZFUKCEBa
0e555
65e55e e

x5x5nusmmxjnmrqjnskspqrvrjnwxnrkqsktryxnwsysvnrkf
VBMUNM@CN@KONHIB@LK@{NWNUKCEBD@K@BNHzKD@VKEGNLBD@LN@KZONf
MNHIB@LK@?GDEK@?CGNO@B
@f@UKMB@LK@CDZMFHIB@LB@MN\NO_NLBM@@BG@B@UKMB@
LB@{MBWMNUN@LK@CEKWMNHIB@BZFNO@{@BG@B@UKMB@LB@{MBWMNUN@
LK@JBMUNHIB@LB@{NEMFUYCFB@LB@KM^FLBM@{\OFZB@{NDKT
@f@CBUK@ZBUTOKEB@K@B@CUKMB@LK@FCDZMFHIB@CB@A{J@LB@KUf
TMKWNLB@LBUDEFZB
@f@^NOBM@TNWB]@MKONEF^B@`@ZBCEMF\GFHIB@TNEMBCNO@MKZBO_FLN@TKOB@
KUTMKWNLBM@LBUDEFZB@K
@f@B@^NOBM@CIB@LKLGE^KO@LN@ZBCEMF\GFHIB@TNEMBCNO@MKZBO_FLNa
@P@@?@ZBUTMB^NHIB@LB@MKZBO_FUKCEB@LN@ABCEMF\GFHIB@`@{MKf
^FLCZFN@BZFNO@DKMe@VKFEN@TBM@UKFB@LK@!GFND@LN@{MK^FLCZFN@BZFNO@
!{]@\KU@ZBUB@LB@^CZGOB@KUTMKWNEZFB@MKWFDEMNLB@KU@ANMEKFMN@
LK@MN\NO_B@K@{MK^FLCZFN@BZFNO@A{a
@@@nusmmxjnmrqjnskspqrvrjnwxnrkqsktryxnwsysvnijktsvn
KU@DKG@TBLKM@EBLBD@BD@ZBUTMB^NCEKD@K@LBZGUKCEBD@N@KOK@MKONEF^BD]@
TKOB@TMNhB@LKZNLKCZFNOa


7ze555
6
056030c510573f 8 0

x5}x5JFZN@MK^BWNLN@N@CDEMGHIB@BMUNEF^N@J@C@@R]@LK@
P@LK@LKhKU\MB@LK@22a
7
49305
914235412
05
44123

0e555
6e5f eze556ze55
5
z

x5|x5nrkqsktryxnpmqj~nwjnwswo}xnwxnriuxmtxnmxvsnjn
MKCLN@NTOFZNfDK@DBUKCEK@NB@UBLKOB@LK@KZONMNHIB@LK@?GDEK@?CGNO@
gGK@TKMUFEK@N@BTHIB@TKON@GEFOFhNHIB@LND@LKLGHzKD@OKWNFDa
0e555
6e59 5zeyz556e

.-./ 269:;1 01/52/>0 2:30//

93;;5952/975;0;1798/ /:/^-/
52/-./
f 166
5430u4
5 5xg{56155615
0121f 435615}}{x

x5x@?@DBUN@LND@LKLGHzKD@TMK^FDEND@CBD@NMEDa@]@Rf?]@Q]@
P]@PR]@]@R@K@Q@KDEe@OFUFENLN@N@ @DKFD@TBM@ZKCEB@LB@FUTBDEB@
DB\MK@N@MKCLN@NTGMNLB@CN@KZONMNHIB@LK@?GDEK@?CGNO@N@gGK@DK@
MKVKMK@B@NMEa@]@DKU@TMKGhB@LB@LFDTBDEB@CB@NMEa@2a@KLNHIB@LNLN@
us~jnkmtvo}xn9xvijtryjnnkn

|nwsnZnwsnwssivxnwsn
2P
n
n9}xnm}xnju~rqysrmn~rirtsmnsmusqpqxmnjnojrmosvnwjmn
LKLGHzKD@UKCZFBCNLND@CB@ZNTGE]@B\DKM^NLB@B@LFDTBDEB@CB@NMEa@Rf
nswj}xnwjwjnus~jnkmtvo}xn9xvijtryjnnkn

|nwsnZn
LK@LKhKU\MB@LK@2P
@@@b@^NOBM@gGK@GOEMNTNDDNM@B@OFUFEK@LK@LKLGEF\FOFLNLK@UKCf
ZFBCNLB@CB@5CIB@TBLK@DKM@LKLGhFLB@CND@LKZONMNHzKD@TBDEKMFBf
MKD]@FCZOGDF^K@CB@ZNDB@LK@TMBKEBD@ZGOEGMNFD@LK@KSKZGHIB@TOGMFNCGNOa

x5x5?@LKLGHIB@LK@gGK@EMNEN@B@NMEa@2]@B\DKM^NLB@B@LFDTBDf
EB@CBD@FCZFDBD@@K@@LB@NMEa@P]@KDEe@OFUFENLN@NB@^NOBM@LB@FUTBDEB@
NTGMNLB@CN@KZONMNHIB@LK@?GDEK@?CGNO]@LKLGhFLBD@BD@^NOBMKD@LK@
gGK@EMNEN@B@NMEa@a
0e555
65e55e 554

x5~x5?@TMKDENHIB@LND@FCVBMUNHzKD@LK@gGK@EMNENU@BD@NMEDa@
]@P]@]@]@R@K@QfJ@DKMe@KVKEGNLN@TBM@UKFB@LN@KZONMNHIB@
wsnsksqrxmnrmqjrmn|nsinisrxnwrrtj~|nkjnxvij|nuvjxnsn
qxkwrsmnjnmsvsinwspkrwjmnsinrkmtvo}xnkxvijtryjnsmusqpqjnwxn
"sqvstvrxnwjnsqsrtjnswsvj~nwxnvjmr~nswj}xnwjwjnus~jnkmf
tvo}xn9xvijtryjnnkn

|nwsnZnwsnwssivxnwsn

x5xnnusmmxjnmrqjnskspqrvrjnwxmnrkqsktryxmnwsnosntvjf
EN@KDEN@CDEMGHIB@BMUNEF^N@TMKDENMe@FCVBMUNHzKD]@DB\MK@N@LKLGHIB@
KVKEGNLN@CBD@EKMUBD@KDEN\KOKZFLBD@CB@NMEa@]@CN@JFZ_N@LK@BNHzKD@
VKEGNLND@CN@KZONMNHIB@LK@?GDEK@?CGNOa@KLNHIB@LNLN@TKON@CDf
tvo}xn9xvijtryjnnkn

|nwsnZnwsnwssivxnwsn

x5g
x5bD@LBZGUKCEBD@ZBUTMB\NEcMFBD@LND@LBNHzKD@K@LBD@
TNEMBZCFBD@N@gGK@DK@MKVKMK@KDEN@CDEMGHIB@BMUNEF^N]@FCZOGDF^K@B@
NMV@LK@gGK@EMNEN@B@@@LB@NMEa@Rf]@LK^KMIB@DKM@UNCEFLBD@TKOB@
uvjxnwsqjwskqrj~nujvjnpkmnwsnjuvsmsktj}xnusvjktsnjn|nqjmxn
mx~rqrtjwxmnkq~owxnus~jnkmtvo}xn9xvijtryjnnkn

|nwsn
R@LK@LKhKU\MB@LK@2P
7ze555
6
056030c5105
0

x5x5DEN@CDEMGHIB@BMUNEF^N@KCEMN@KU@^FWBM@CN@LNEN@LK@
DGN@TG\OFZNHIBa
?8

DEN\KOKZK@ TMFCZTFBD@ WKMNFD@ LN@ {BOEFZN@ NZFBCNO@ LB@

AFCKUN]@ZMFN@B@ABCDKO_B@GTKMFBM@LB@AFCKUN@K@N@?WCZFN@
NZFBCNO@LB@AFCKUN@f@?A]@FCDEFEGF@B@{MBWMNUN@LK@?TBFB@NB@
KDKC^BO^FUKCEB@LB@AFCKUN@NZFBCNO@f@{bA]@NGEBMFhN@N@
qvrj}xnwsnokwxmnwsnrkjkqrjisktxnwjnkwmtvrjnrksijtxvpqjn
NZFBCNO@f@JA]@NOEKMN@N@OKWFDONHIB@DB\MK@N@ABCEMF\GFHIB@
ujvjnxnsmskyx~yrisktxnwjnkwmtvrjnrksijtxvpqjn9jqrxkj~nsn
Le@BGEMND@TMB^FLCZFNDa
3541061 2156
54197
]@CB@GDB@LN@NEMF\GFHIB@
osn~lsnqxksvsnxnjvtnnwjnxkmtrtor}x|njwxtjnjnmsorktsn swrwjn
{MB^FDcMFN]@ZBU@VBMHN@LK@OKF
7
n289355
6
0561 c510
?MEa@PBnjvjnpkmnwsmtjn swrwjnvxyrmvrjnsktskwsmsnqxix
nnxvjnjowrxyrmoj~nuvxwotxnwjnpj}xnxontvjkmirmm}xn
wsnrijskm|nqxinxonmsinmxi|nosntskljnjnpkj~rwjwsnwsnqvrjvnjn
FUTMKDDIB@LK@UB^FUKCEB]@FCLKTKCLKCEKUKCEK@LBD@TMBZKDDBD@LK@
qjutj}x|nwxnmouxvtsnotr~rjwxnrkrqrj~nxonuxmtsvrxvisktsnujvjnp
OND@BG@EMNCDUFEFfOND]@BG@LBD@UKFBD@GEFOFhNLBD@TNMN@DGN@^KFZGONHIB]@
MKTMBLGHIB]@EMNCDUFDDIB@BG@LFVGDIB
nnxvjnqrksijtxvpqjnxvjnjowrxyrmoj~nqojnijtvrnxvrrkj~n
LK@ZNTENHIB@@GUN@TKOZGON@ZBU@KUGODIB@VBEBDDKCD^KO@BG@UNEMFh@LK@
ZNTENHIB@LFWFENO]@ZGN@LKDEFCNHIB@K@KSF\FHIB@DKN@TMFBMFENMFNUKCEK@K@
FCFZFNOUKCEK@B@UKMZNLB@LK@DNOND@LK@KSF\FHIB@
nnxvjnyrwsxxkxvpqjnxvjnjowrxyrmoj~nqojnijtvrn
BMFWFCNO@LK@ZNTENHIB@@GU@UKFB@UNWCEFZB@ZBU@ZNTNZFLNLK@LK@
NMUNhKCNUKCEB@LK@FCVBMUNHzKD@gGK@DK@EMNLGhKU@KU@FUNWKCD@KU@
UB^FUKCEB]@ZBU@BG@DKU@DBU@
nnxvjnqrksijtxvpqjnsnyrwsxxkxvpqjnwsnuvxwo}xn
FCLKTKCLKCEK@ NgGKON@ ZGN@ KUTMKDN@ TMBLGEBMN]@ LKEKCEBMN@
UNBMFEeMFN@LBD@LFMKFEBD@TNEMFUBCFNFD@DB\MK@N@B\MN]@CIB@EKC_N@
gGNOgGKM@NDDBZFNHIB@BG@^CZGOB]@LFMKEB@BG@FCLFMKEB]@ZBU@KUTMKDND@
LK@DKM^FHBD@LK@MNLFBLFVGDIB@LK@DBCD@K@FUNWKCD@BG@BTKMNLBMND@LK@
ZBUGCFZNHIB@KOKEMYCFZN@LK@UNDDN@TBM@NDDFCNEGMN
nnxvjnqrksijtxvpqjnvjmr~srvjnxonxvjnyrwsxxkxvpqjn
\MNDFOKFMN@NgGKON@gGK@NEKCLK@N@GU@LBD@DKWGFCEKD@MKgGFDFEBD@
N@DKM@TMBLGhFLN@TBM@KUTMKDN@TMBLGEBMN@\MNDFOKFMN]@B\DKM^NLB@
B@LFDTBDEB@CB@@PB]@MKWFDEMNLN@CN@?A]@DKM@LFMFWFLN@TBM@LFMKEBM@
\MNDFOKFMB@BG@KDEMNCWKFMB@MKDFLKCEK@CB@{ND@_e@UNFD@LK@@EMD@
NCBD]@K@GEFOFhNM@TNMN@DGN@TMBLGHIB]@CB@UCFUB]@@LBFD@EKMHBD@LK@
jvtrmtjmnsntqkrqxmnvjmr~srvxmnxonvsmrwsktsmnkxnvjmr~nlnijrmnwsnn
ZFCZB@NCBD@
\@DKM@MKNOFhNLN@TBM@KUTMKDN@TMBLGEBMN@\MNDFOKFMN@MKWFDEMNLN@CN@
?A]@KU@NDDBZFNHIB@ZBU@KUTMKDND@LK@BGEMBD@TNDKD@ZBU@BD@
ojrmnxnvjmr~nijktskljnjqxvwxnwsnqxuvxwo}xnqrksijtxvpqjnsn
KU@ZBCDBCCZFN@ZBU@BD@UKDUBDa


Z@DKM@MKNOFhNLN]@KU@MKWFUK@LK@ZBTMBLGHIB]@TBM@KUTMKDN@
TMBLGEBMN@\MNDFOKFMN@MKWFDEMNLN@CN@?A]@KU@NDDBZFNHIB@ZBU@
siuvsmjmnwsnxotvxmnujmsmnqxinxmnojrmnxnvjmr~nk}xnijktskljn
NZBMLB@LK@ZBTMBLGHIB]@NDDKWGMNLN@N@EFEGONMFLNLK@LK]@CB@UCFUB]@
2 @gGNMKCEN@TBM@ZKCEB@LBD@LFMKFEBD@TNEMFUBCFNFD@LN@B\MN@`@
KUTMKDN@TMBLGEBMN@\MNDFOKFMN@K@GEFOFhNM@TNMN@DGN@TMBLGHIB]@CB@
UCFUB]@@LBFD@EKMHBD@LK@NMEFDEND@K@EZCFZBD@\MNDFOKFMBD@BG@
vsmrwsktsmnkxnvjmr~nlnijrmnwsnntv3mnjkxmn
@f@DKWUKCEB@LK@UKMZNLB@UKMZNLBD@LK@DNOND@LK@KSF\FHIB]@
^LKB@LBUDEFZB@KU@gGNOgGKM@DGTBMEK]@MNLFBLFVGDIB@LK@DBCD@
K@FUNWKCD]@ZBUGCFZNHIB@KOKEMYCFZN@LK@UNDDN@TBM@NDDFCNEGMN]@
UKMZNLB@TG\OFZFEeMFB@NGLFB^FDGNO@BG@gGNFDgGKM@BGEMBD@UKMZNLBD@
osnysrqo~sinxvjmnqrksijtxvpqjmnsnyrwsxxkxvpqjm
nnxvjnqrksijtxvpqjnxonyrwsxxkxvpqjnwsnqovtjn
UKEMNWKU@NgGKON@ZGN@LGMNHIB@@FWGNO@BG@FCVKMFBM@N@gGFChK@
UFCGEBD
nnxvjnqrksijtxvpqjnxonyrwsxxkxvpqjnwsniwrjn
UKEMNWKU@NgGKON@ZGN@LGMNHIB@@DGTKMFBM@N@gGFChK@UFCGEBD@K@FWGNO@
BG@FCVKMFBM@N@DKEKCEN@UFCGEBD
>nnxvjnqrksijtxvpqjnxonyrwsxxkxvpqjnwsn~xkjn
UKEMNWKU@NgGKON@ZGN@LGMNHIB@@DGTKMFBM@N@DKEKCEN@UFCGEBD
>nnxvjnqrksijtxvpqjnxonyrwsxxkxvpqjnmsvrjwjnjos~jn
gGK]@DB\@B@UKDUB@EEGOB]@DKN@TMBLGhFLN@KU@ZNTEGOBD
>nnts~sp~isnxvjnwxqoisktj~|npqqrxkj~nxonwsnjkrij}x|n
ZBU@CB@UCFUB@ZFCg6KCEN@K@CB@UeSFUB@ZKCEB@K@^FCEK@UFCGEBD@LK@
LGMNHIB]@TMBLGhFLN@TNMN@TMFUKFMN@KSF\FHIB@KU@UKFBD@KOKEMYCFZBDa
>nnirkrmmvrsnxvjnwxqoisktj~|npqqrxkj~nxonwsnjkrij}xn
TMBLGhFLN@KU@TKOZGON@BG@UNEMFh@LK@ZNTENHIB@LFWFENO@BG@KU@UKFB@
UNWCEFZB@ZBU]@CB@UCFUB]@@EMD@K@CB@UeSFUB@@^FCEK@K@DKFD@
ZNTEGOBD]@ZBU@LGMNHIB@UeSFUN@LK@Pa22@GU@UFO@K@EMKhKCEBD@
UFCGEBD@
@f@TMBWMNUNLBMN@KUTMKDN@gGK@BVKMKZK]@LKDKC^BO^K@BG@
TMBLGh@ZBCEKLB]@CN@VBMUN@LK@ZNCNFD@BG@LK@TMBWMNUNHzKD@FDBONLND]@
LKDEFCNLB@`D@KUTMKDND@LK@DKM^FHBD@LK@ZBUGCFZNHIB@KOKEMYCFZN@
LK@UNDDN@TBM@NDDFCNEGMN@BG@LK@gGNFDgGKM@BGEMBD@DKM^FHBD@LK@
ZBUGCFZNHIB]@gGK@EMNCDUFENU@DFCNFD@KOKEMYCFZBD@LK@DBU@K@FUNWKU@
gGK@DKNU@WKMNLBD@K@EMNCDUFEFLBD@TBM@DNEOFEK@BG@TBM@gGNOgGKM@BGEMB@
UKFB@LK@EMNCDUFDDIB@BG@^KFZGONHIB@
@ f@ TMBWMNUNHIB@ FCEKMCNZFBCNO@ NgGKON@ WKMNLN]@
LFDTBCF\FOFhNLN@K@EMNCDUFEFLN@LFMKENUKCEK@LB@KSEKMFBM@TNMN@B@
vjmr~|nuxvnmjt~rtsnxonuxvnoj~osvnxotvxnisrxnwsntvjkmirmm}xnxon
^KFZGONHIB]@TKOBD@ZNCNFD]@TMBWMNUNLBMND@BG@KUTMKDND@KDEMNCWKFMND]@
LKDEFCNLN@`D@KUTMKDND@LK@DKM^FHBD@LK@ZBUGCFZNHIB@KOKEMYCFZN@
LK@UNDDN@TBM@NDDFCNEGMN@BG@LK@gGNFDgGKM@BGEMBD@DKM^FHBD@LK@
ZBUGCFZNHIB@gGK@EMNCDUFENU@DFCNFD@KOKEMYCFZBD@LK@DBU@K@FUNWKU@
@f@TMBWMNUNHIB@CNZFBCNO@NgGKON@WKMNLN@K@LFDTBCF\FOFhNLN]@
CB@EKMMFEcMFB@\MNDFOKFMB]@TKOBD@ZNCNFD@BG@TMBWMNUNLBMND]@FCZOGFCLB@
B\MND@NGLFB^FDGNFD@\MNDFOKFMND@BG@KDEMNCWKFMND]@LKDEFCNLN@`D@
KUTMKDND@LK@DKM^FHBD@LK@ZBUGCFZNHIB@KOKEMYCFZN@LK@UNDDN@TBM@
NDDFCNEGMN@BG@LK@gGNFDgGKM@BGEMBD@DKM^FHBD@LK@ZBUGCFZNHIB@gGK@
EMNCDUFENU@DFCNFD@KOKEMYCFZBD@LK@DBU@K@FUNWKU]@gGK@DKN@WKMNLN@
sntvjkmirtrwjnwrvstjisktsnkxnvjmr~nuxvnsiuvsmjmnmswrjwjmnkxn
vjmr~|nuxvnmjt~rtsnxonuxvnoj~osvnxotvxnisrxnwsntvjkmirmm}xnxon
^KFZGONHIB@
>nnxvjnqrksijtxvpqjnxonyrwsxxkxvpqjnuo~rqrtvrjn
NgGKON@ZGN@UNEMFh@BMFWFCNO@LK@ZNTENHIB@@GUN@TKOZGON@ZBU@KUGODIB@
VBEBDDKCD^KO@BG@UNEMFh@LK@ZNTENHIB@LFWFENO]@ZGN@LKDEFCNHIB@@
N@TG\OFZFLNLK@K@TMBTNWNCLN]@KSTBDFHIB@BG@BVKMEN@LK@TMBLGEBD]@
DKM^FHBD]@KUTMKDND]@FCDEFEGFHzKD@T\OFZND@BG@TMF^NLND]@TNMEFLBD@
TBOEFZBD]@NDDBZFNHzKD]@NLUFCFDEMNHIB@T\OFZN]@NDDFU@ZBUB@LK@\KCD@
UNEKMFNFD@K@FUNEKMFNFD@LK@gGNOgGKM@CNEGMKhN@
??

>nnxvjnqrksijtxvpqjnxonyrwsxxkxvpqjnuo~rqrtvrjn
\MNDFOKFMN@NgGKON@gGK@DKN@TMBLGhFLN@TBM@KUTMKDN@TMBLGEBMN@
\MNDFOKFMN@MKWFDEMNLN@CN@?A]@B\DKM^NLB@B@LFDTBDEB@CB@@PB]@
MKNOFhNLN@TBM@LFMKEBM@\MNDFOKFMB@BG@KDEMNCWKFMB@MKDFLKCEK@CB@{ND@_e@
UNFD@LK@@EMD@NCBD]@K@gGK@GEFOFhK@TNMN@DGN@TMBLGHIB]@CB@UCFUB]@
@LBFD@EKMHBD@LK@NMEFDEND@K@EZCFZBD@\MNDFOKFMBD@BG@MKDFLKCEKD@CB@
vjmr~nlnijrmnwsnnqrkqxnjkxmn
>nnxvjnqrksijtxvpqjnxonyrwsxxkxvpqjnuo~rqrtvrjn
vjmr~srvjnp~ijwjnkxnstsvrxvnjos~j|nvsj~rjwjnkxnstsvrxv|n
TMBLGhFLN@TBM@KUTMKDN@TMBLGEBMN@\MNDFOKFMN@MKWFDEMNLN@CN@? A]@
B\DKM^NLB@B@LFDTBDEB@CB@@PB]@MKNOFhNLN@TBM@LFMKEBM@\MNDFOKFMB@BG@
smtvjksrvxnvsmrwsktsnkxnvjmr~nlnijrmnwsnntv3mnjkxm|nsnosn
GEFOFhK@TNMN@DGN@TMBLGHIB]@CB@UCFUB]@P@GU@EKMHB@LK@NMEFDEND@
sntqkrqxmnvjmr~srvxmnxonvsmrwsktsmnkxnvjmr~nlnijrmnwsnnqrkqxn
NCBD@
>>nnxvjnqrksijtxvpqjnxonyrwsxxkxvpqjnuo~rqrtvrjn
KDEMNCWKFMN@NgGKON@gGK@CIB@NEKCLK@B@LFDTBDEB@CBD@FCZFDBD@@K@
@LB@ZNTGE@KLNHIB@LNLN@TKON@KF@C@PaQQ]@LK@2P
>>nnxvjnqrksijtxvpqjnxonyrwsxxkxvpqjnuo~rqrtvrjn
\MNDFOKFMN@LK@TKgGKCN@^KFZGONHIB@NgGKON@gGK@DKN@TMBLGhFLN@TBM@
KUTMKDN@TMBLGEBMN@\MNDFOKFMN@MKWFDEMNLN@CN@?A]@B\DKM^NLB@
B@LFDTBDEB@CB@@PB]@MKNOFhNLN@TBM@LFMKEBM@\MNDFOKFMB@BG@KDEMNCWKFMB@
MKDFLKCEK@CB@{ND@_e@UNFD@LK@@EMD@NCBD]@K@gGK@GEFOFhK@TNMN@DGN@
TMBLGHIB]@CB@UCFUB]@@LBFD@EKMHBD@LK@NMEFDEND@K@EZCFZBD@
vjmr~srvxmnxonvsmrwsktsmnkxnvjmr~nlnijrmnwsnntv3mnjkxmnsnqojn
ysrqo~j}xnsmtsjnvsmtvrtjnjn okrqurxmnosntxtj~rsinoinkisvxn
irixnwsnljrtjktsmnjnmsvnwspkrwxnsinvso~jisktxn
>>nnq~jostsnwsnrwsktrpqj}xnrijsinpjnxonsinixyrisktxn
rkmsvrwjnkxnrkqrxnwjnxvjnqrksijtxvpqjnxonyrwsxxkxvpqjn
qxktskwxnjmnrkxvijsmnksqsmmvrjmnnmojnrwsktrpqj}x|nwsnjqxvwxn
ZBU@B@KDEN\KOKZFLB@KU@MKWGONUKCEBa@
@PBnjvjnxmnpkmnwxnrkqrmxnnwsmtsnjvtrx|nsktskwsmsnuxvn
KUTMKDN@\MNDFOKFMN@NgGKON@ZBCDEFEGLN@DB\@ND@OKFD@\MNDFOKFMND]@ZBU@
DKLK@K@NLUFCFDEMNHIB@CB@{ND]@ZGN@UNFBMFN@LB@ZNTFENO@EBENO@K@
^BENCEK@DKN@LK@EFEGONMFLNLK@LFMKEN@BG@FCLFMKEN]@LK@\MNDFOKFMBD@CNEBD@
BG@CNEGMNOFhNLBD@_e@UNFD@LK@P2@LKh@NCBD]@BD@gGNFD@LK^KU@KSKMZKM@
LK@VNEB@K@LK@LFMKFEB@B@TBLKM@LKZFDcMFB@LN@KUTMKDNa@
@Bnjvjnxmnpkmnwxnwrmuxmtxnkxmnrkqrmxmn>|n>nsn>>nwsmtsn
NMEFWB]@KCEKCLKfDK@TBM@KUTMKDN@\MNDFOKFMN@NgGKON@ZBCDEFEGLN@DB\@ND@
OKFD@\MNDFOKFMND]@ZBU@DKLK@K@NLUFCFDEMNHIB@CB@{ND]@ZGN@UNFBMFN@LB@
ZNTFENO@DKN@LK@EFEGONMFLNLK@LFMKEN@BG@FCLFMKEN@LK@\MNDFOKFMBD@CNEBD@BG@
CNEGMNOFhNLBD@_e@UNFD@LK@@ZFCZB@NCBD]@BD@gGNFD@LK^KU@KSKMZKM@LK@
VNEB@K@LK@LFMKFEB@B@TBLKM@LKZFDcMFB@LN@KUTMKDNa@
@Bnxkmrwsvjmsnysvm}xnwsnxvjnuo~rqrtvrjnqrksijtxvpqjn
xonyrwsxxkxvpqj|njnswr}xnjiu~rjwjnxonvsworwjnsinmsontsiuxn
LK@LGMNHIB]@MKNOFhNLN@N@TNMEFM@LB@ZBCEKLB@BMFWFCNO@LK@GUN@UKDUN@
xvjnqrksijtxvpqjnxonyrwsxxkxvpqjnuo~rqrtvrj|nsnvsj~rjwjn
DB\@B@UKDUB@ZBCEMNEB@LK@TMBLGHIBa@
@Bnjvjnxmnpkmnwsmtjn swrwjnvxyrmvrj|nsktskwsmsnuxvn
CZOGLB@TKON@KF@C@PaR]@LK@2PP
@f@DKM^FHB@LK@ZBUGCFZNHIB@KOKEMYCFZN@LK@UNDDN@TBM@NDDFCNEGMN@
msvyrxnwsnjqsmmxnqxkwrqrxkjwxnwsnosntvjtjnjn~srnsmusqpqjnmxvsn
N@ZBUGCFZNHIB@NGLFB^FDGNO@LK@NZKDDB@ZBCLFZFBCNLB@CZOGLB@TKON@
KF@C@PaR]@LK@2PP
@f@TMBWMNUNLBMND@LK@B\MND@NGLFB^FDGNFD@TNMN@B@DKWUKCEB@
LK@UKMZNLB@LK@DKM^FHBD@LK@ZBUGCFZNHIB@KOKEMYCFZN@LK@UNDDN@TBM@
jmmrkjtovjnsiuvsmjmnuvxvjijwxvjmnwsnosntvjtjnjn~srnsmusqpqjn
DB\MK@ N@ ZBUGCFZNHIB@ NGLFB^FDGNO@ LK@ NZKDDB@ ZBCLFZFBCNLBa@
CZOGLB@TKON@KF@C@PaR]@LK@2PP
pX%$n@
n$pXn99$nn9


?MEa@B@?@TBOEFZN@CNZFBCNO@LB@ZFCKUN@EKMe@TBM@\NDK@BD@
DKWGFCEKD@TMFCZTFBD@WKMNFD
@f@TMBUBHIB@LN@ZGOEGMN@CNZFBCNO@K@LN@OCWGN@TBMEGWGKDN@
UKLFNCEK@ B@ KDEUGOB@ NB@ LKDKC^BO^FUKCEB@ LN@ FCLDEMFN@
qrksijtxvpqjnsnjowrxyrmoj~nkjqrxkj~
nnjvjktrjnwjnuvsmskjnwsnxvjmnqrksijtxvpqjmnsn
yrwsxxkxvpqjmnkjqrxkjrmnkxmnwrysvmxmnmsisktxmnwsnisvqjwx
@f@TMBWMNUNHIB@K@LFDEMF\GFHIB@LK@B\MND@NGLFB^FDGNFD@LK@
gGNOgGKM@BMFWKU@CBD@UKFBD@KOKEMYCFZBD@LK@ZBUGCFZNHIB@LK@UNDDN@
DB\@B\MFWNEcMFN@K@KSZOGDF^N@MKDTBCDN\FOFLNLK]@FCZOGDF^K@KLFEBMFNO]@
wsnsiuvsmjmnvjmr~srvjm|noj~rpqjwjmnkjnxvijnwxnn
B@LB@NMEa@PB@LN@
swrwjnvxyrmvrjnkB@aRfP]@LK@@LK@DKEKU\MB@LK@22P]@ZBU@N@
MKLNHIB@LNLN@TBM@KDEN@KFa@
@f@MKDTKFEB@NB@LFMKFEB@NGEBMNO@DB\MK@B\MND@NGLFB^FDGNFD@
CNZFBCNFD@K@KDEMNCWKFMNDa
pX%$n@
n9"$n"%nn9
?MEa@B@JFZN@ZMFNLB@B@ABCDKO_B@GTKMFBM@LB@AFCKUN]@cMWIB@
ZBOKWFNLB@FCEKWMNCEK@LN@KDEMGEGMN@LN@ANDN@AF^FO@LN@{MKDFLCZFN@LN@
KT\OFZN]@N@gGK@ZBUTKEK@
nnwspkrvnjnux~trqjnkjqrxkj~nwxnqrksij
@f@NTMB^NM@TBOEFZND@K@LFMKEMFhKD@WKMNFD@TNMN@B@LKDKC^BO^FUKCEB@
wjnrkwmtvrjnqrksijtxvpqjnkjqrxkj~|nqxinyrmtjmnjnuvxixysvnmojn
NGEBfDGDEKCEN\FOFLNLK
@f@KDEFUGONM@N@TMKDKCHN@LB@ZBCEKLB@\MNDFOKFMB@CBD@LF^KMDBD@
DKWUKCEBD@LK@UKMZNLB
@f@NZBUTNC_NM@N@KSKZGHIB@LND@TBOEFZND@MKVKMFLND@CBD@FCZFDBD@
]@@K@
@f@KDEN\KOKZKM@N@LFDEMF\GFHIB@LN@ABCEMF\GFHIB@TNMN@B@
smskyx~yrisktxnwjnkwmtvrjnrksijtxvpqjnn99n
TNMN@ZNLN@LKDEFCNHIB@TMK^FDEN@KU@OKFa
?MEa@B@b@ABCDKO_B@GTKMFBM@LB@AFCKUN@DKMe@FCEKWMNLB
nnus~xmn rkrmtvxmnwsnmtjwx
N@LN@dGDEFHN
\@LND@KONHzKD@SEKMFBMKD
Z@LN@JNhKCLN
L@LN@AGOEGMN
K@LB@KDKC^BO^FUKCEB]@CLDEMFN@K@ABUMZFB@SEKMFBM
V@LND@ABUGCFZNHzKD@K
W@A_KVK@LN@ANDN@AF^FO@LN@{MKDFLCZFN@LN@KT\OFZN]@gGK@B@
TMKDFLFMea
nnuxvnqrkqxnvsuvsmsktjktsmnwjnrkwmtvrjnqrksijtxvpqjnsn
yrwsxxkxvpqjnkjqrxkj~|nosnxsinwsns~syjwxnqxkqsrtxnkxnmson
ZNUTB@LK@KDTKZFNOFLNLK]@N@DKMKU@LKDFWCNLBD@TBM@LKZMKEB]@TNMN@
UNCLNEB@LK@LBFD@NCBD]@TKMUFEFLN@GUN@MKZBCLGHIBa@
@PB@b@MKWFUKCEB@FCEKMCB@LB@ABCDKO_B@GTKMFBM@LB@AFCKUN@
DKMe@NTMB^NLB@TBM@MKDBOGHIBa
@B@b@ABCDKO_B@MKGCFMfDKfe@DKUTMK@gGK@VBM@ZBC^BZNLB@TBM@
DKG@{MKDFLKCEKa
@B@b@ABCDKO_B@LKOF\KMNMe@UKLFNCEK@MKDBOGHzKD]@TBM@UNFBMFN@
DFUTOKD@LK@^BEBD]@TMKDKCEKD]@CB@UCFUB]@ZFCZB@UKU\MBD@MKVKMFLBD@
CB@FCZFDB@@LKDEK@NMEFWB]@LKCEMK@KOKD@B@DKG@{MKDFLKCEK]@gGK@KSKMZKMe@
^BEB@LK@gGNOFLNLK@CB@ZNDB@LK@KUTNEK]@K@EMD@UKU\MBD@MKVKMFLBD@CB@
FCZFDB@@LKDEK@NMEFWBa
@B@BD@ZNDBD@LK@GMWCZFN@K@MKOK^NCEK@FCEKMKDDK]@B@{MKDFLKCEK@
TBLKMe@LKOF\KMNM@@ @LBD@LKUNFD@UKU\MBDa@
@B@b@{MKDFLKCEK@LB@ABCDKO_B@TBLKMe@ZBC^FLNM@TNMN@TNMEFZFTNM@
LND@MKGCFzKD@EZCFZBD]@TKMDBCNOFLNLKD@K@MKTMKDKCENCEKD@LK@cMWIBD@K@
KCEFLNLKD@T\OFZBD@K@TMF^NLBDa
?V

pX%$n@
n79n99$nn9 nn99
0e55
6e5eye55e 
?MEa@B@JFZN@ZMFNLN@N@?WCZFN@NZFBCNO@LB@AFCKUN@f@?A]@
jotjvorjnsmusqrj~|nyrkqo~jwjnjxn rkrmtvrxnwxnsmskyx~yrisktx|n
CLDEMFN@K@ABUMZFB@SEKMFBM]@B\DKM^NLB@B@LFDTBDEB@CB@NMEa@@LKDEN@
swrwjnvxyrmvrj|nv}xnwsnxisktx|nvso~j}xnsnpmqj~rj}xnwjn
rkwmtvrjnqrksijtxvpqjnsnyrwsxxkxvpqj|nwxtjwjnwsnjotxkxirjn
jwirkrmtvjtryjnsnpkjkqsrvjn
@PB@?@?WCZFN@EKMe@DKLK@K@VBMB@CB@FDEMFEB@JKLKMNO@K@KDZMFEcMFB@
ZKCEMNO@CN@ZFLNLK@LB@FB@LK@dNCKFMB]@TBLKCLB@KDEN\KOKZKM@KDZMFEcMFBD@
MKWFBCNFDa
@Bnn rkrmtvrxnwxnsmskyx~yrisktx|nkwmtvrjnsnxivqrxn
SEKMFBM@DGTKM^FDFBCNMe@ND@NEF^FLNLKD@LN@?A]@TBLKCLB@
ZKOK\MNM@ZBCEMNEB@LK@WKDEIB]@B\DKM^NLB@B@LFDTBDEB@CB@NMEa@a
?MEa@B@?@?A@EKMe@TBM@B\KEF^BD
@f@TMBUB^KM@N@ZGOEGMN@CNZFBCNO@K@N@OCWGN@TBMEGWGKDN@UKLFNCEK@
xnsmtio~xnjxnwsmskyx~yrisktxnwjnrkwmtvrjnqrksijtxvpqjnsn
yrwsxxkxvpqjnkjqrxkj~nsinmojnvsjnwsnjtoj}x
@f@TMBUB^KM@N@FCEKWMNHIB@TMBWMNUeEFZN]@KZBCYUFZN@K@
pkjkqsrvjnwsnjtryrwjwsmnxysvkjisktjrmnvs~jqrxkjwjmnnrkwmtvrjn
qrksijtxvpqjnsnyrwsxxkxvpqj
nnjoisktjvnjnqxiustrtryrwjwsnwjnrkwmtvrjnqrksijtxvpqjn
snyrwsxxkxvpqjnkjqrxkj~nuxvnisrxnwxnxisktxnnuvxwo}x|nn
LFDEMF\GFHIB@K@`@KSF\FHIB@CBD@LF^KMDBD@DKWUKCEBD@LK@UKMZNLB
@ f@ TMBUB^KM@ N@ NGEBDGDEKCEN\FOFLNLK@ LN@ FCLDEMFN@
qrksijtxvpqjnkjqrxkj~nyrmjkwxnxnjoisktxnwjnuvxwo}xnsnwjn
srr}xnwjmnxvjmnqrksijtxvpqjmnvjmr~srvjm
@f@TMBUB^KM@N@NMEFZGONHIB@LBD@^eMFBD@KOBD@LN@ZNLKFN@TMBLGEF^N@
wjnrkwmtvrjnqrksijtxvpqjnkjqrxkj~
nnsmtrio~jvnjnwrysvmrpqj}xnwjnuvxwo}xnqrksijtxvpqjn
snyrwsxxkxvpqjnkjqrxkj~nsnxnxvtj~sqrisktxnwjnuvxwo}xn
FCLKTKCLKCEK@K@LND@TMBLGHzKD@MKWFBCNFD@ZBU@^FDEND@NB@FCZMKUKCEB@
LK@DGN@BVKMEN@K@`@UKO_BMFN@TKMUNCKCEK@LK@DKGD@TNLMzKD@LK@gGNOFLNLK
@f@KDEFUGONM@N@GCF^KMDNOFhNHIB@LB@NZKDDB@`D@B\MND@
qrksijtxvpqjmnsnyrwsxxkxvpqjm|nsinsmusqrj~njmnkjqrxkjrm
n n jvjktrvn jn ujvtrqruj}xn wrysvmrpqjwjn wsn xvjmn
qrksijtxvpqjmnsnyrwsxxkxvpqjmnsmtvjksrvjmnkxnisvqjwxn
\MNDFOKFMB
>nnjvjktrvnjnujvtrqruj}xnwjmnxvjmnqrksijtxvpqjmnsn
yrwsxxkxvpqjmnwsnuvxwo}xnkjqrxkj~nsintxwxmnxmnmsisktxmn
LB@UKMZNLB@FCEKMCB@K@KDEFUGOefON@CB@UKMZNLB@KSEKMCB
@f@KDEFUGONM@N@ZNTNZFENHIB@LBD@MKZGMDBD@_GUNCBD@K@B@
wsmskyx~yrisktxntsqkx~rqxnwjnrkwmtvrjnqrksijtxvpqjnsn
yrwsxxkxvpqjnkjqrxkj~
@f@hKONM@TKOB@MKDTKFEB@NB@LFMKFEB@NGEBMNO@DB\MK@B\MND@
NGLFB^FDGNFD@CNZFBCNFD@K@KDEMNCWKFMNDa
?MEa@B@?@?A@EKMe@ND@DKWGFCEKD@ZBUTKECZFND
nnssqotjvnjnux~trqjnkjqrxkj~nwsnxisktxnjxnqrksij|nwspkrwjn
CN@VBMUN@LB@NMEa@B
nnpmqj~rjvnxnqoiuvrisktxnwjn~srm~j}xnvssvsktsnnjtryrwjwsn
qrksijtxvpqjnsnyrwsxxkxvpqjnkjqrxkj~nsnsmtvjksrvjnkxmn
LF^KMDBD@DKWUKCEBD@LK@UKMZNLBD]@CN@VBMUN@LB@MKWGONUKCEB
@f@TMBUB^KM@B@ZBU\NEK@`@TFMNENMFN@LK@B\MND@NGLFB^FDGNFD
@f@NTOFZNM@UGOEND@K@DNCHzKD]@CN@VBMUN@LN@OKF
@f@MKWGONM]@CN@VBMUN@LN@OKF]@ND@NEF^FLNLKD@LK@VBUKCEB@K@


uvxts}xnnrkwmtvrjnqrksijtxvpqjnsnyrwsxxkxvpqjnkjqrxkj~|n
MKDWGNMLNCLB@N@OF^MK@UNCFVKDENHIB@LB@TKCDNUKCEB]@LN@ZMFNHIB]@LN@
KSTMKDDIB@K@LN@FCVBMUNHIB@
@f@ZBBMLKCNM@ND@NHzKD@K@NEF^FLNLKD@WB^KMCNUKCENFD@MKVKMKCEKD@
nrkwmtvrjnqrksijtxvpqjnsnyrwsxxkxvpqj|nvsmmj~yjwjmnjmn
qxiust3kqrjmnwxmn rkrmtvrxmnwjno~tovjnsnwjmnxiokrqjsm
@f@NMEFZGONMfDK@ZBU@BD@cMWIBD@ZBUTKEKCEKD@LBD@KCEKD@
VKLKMNLBD@ZBU@^FDEND@N@BEFUFhNM@N@ZBCDKZGHIB@LBD@DKGD@B\KEF^BD
@f@WKMFM@TMBWMNUND@K@UKZNCFDUBD@LK@VBUKCEB@`@FCLDEMFN@
qrksijtxvpqjnsnyrwsxxkxvpqjnkjqrxkj~
@f@KDEN\KOKZKM@ZMFEMFBD@TNMN@N@NTOFZNHIB@LK@MKZGMDBD@
wsnxisktxnsnpkjkqrjisktxnnrkwmtvrjnqrksijtxvpqjnsn
yrwsxxkxvpqjnkjqrxkj~
>nnuvxixysvnjnujvtrqruj}xnwsnxvjmnqrksijtxvpqjmnsn
yrwsxxkxvpqjmnkjqrxkjrmnsinsmtryjrmnrktsvkjqrxkjrm
@f@NTMB^NM@K@ZBCEMBONM@N@KSKZGHIB@LK@TMBKEBD@LK@ZBTMBLGHIB]@
TMBLGHIB]@LFDEMF\GFHIB]@KSF\FHIB@K@FCVMNKDEMGEGMN@EZCFZN@N@DKMKU@
vsj~rjwxmnqxinvsqovmxmnu~rqxmnsnrkqsktryxmnpmqjrm|nvsmmj~yjwjmn
jmnqxiust3kqrjmnwxmn rkrmtvrxmnwjno~tovjnsnwjmnxiokrqjsm
>nnxvksqsvnxmnsvtrpqjwxmnwsnvxwotxnvjmr~srvxnmnxvjmn
qrksijtxvpqjmnsnyrwsxxkxvpqjm
>nnxvksqsvnsvtrpqjwxmnwsnsrmtvxnwxmnqxktvjtxmnwsn
TMBLGHIB]@ ZBTMBLGHIB]@ LFDEMF\GFHIB]@ OFZKCZFNUKCEB]@ ZKDDIB@
LK@LFMKFEBD@LK@KSTOBMNHIB]@^KFZGONHIB@K@KSF\FHIB@LK@B\MND@
qrksijtxvpqjmnsnyrwsxxkxvpqjm
@f@WKMFM@B@DFDEKUN@LK@FCVBMUNHzKD@TNMN@B@UBCFEBMNUKCEB@
wjmnjtryrwjwsmnwjnrkwmtvrjnqrksijtxvpqjnsnyrwsxxkxvpqjnkxmn
DKGD@LF^KMDBD@UKFBD@LK@TMBLGHIB]@LFDEMF\GFHIB]@KSF\FHIB@K@LFVGDIB
@f@NMEFZGONMfDK@ZBU@cMWIBD@K@KCEFLNLKD@^BOENLBD@NB@
VBUKCEB@LN@TMBLGHIB]@LN@TMBWMNUNHIB@K@LN@LFDEMF\GFHIB@LK@B\MND@
qrksijtxvpqjmnsnyrwsxxkxvpqjmnwxmnmtjwxmnisivxmnwxn
svqxmo~nsnwsijrmnisivxmnwjnqxiokrwjwsnrktsvkjqrxkj~
@f@TMKDENM@NTBFB@EZCFZB@K@NLUFCFDEMNEF^B@NB@ABCDKO_B@
GTKMFBM@LB@AFCKUN
@f@NEGNOFhNM]@KU@ZBCDBCCZFN@ZBU@N@K^BOGHIB@EKZCBOcWFZN]@
jmnwspkrsmnvssvrwjmnkxnjvtn
Bnwsmtjn swrwjnvxyrmvrj
>nnvso~jvnsnpmqj~rjvnxnqoiuvrisktxnwxmnuvrkqurxmnwjn
ZBUGCFZNHIB@NGLFB^FDGNO@LK@NZKDDB@ZBCLFZFBCNLB]@LND@B\MFWNHzKD@
LK@TMBWMNUNHIB]@KUTNZBENUKCEB@K@TG\OFZFLNLK@K@LND@MKDEMFHzKD@
jxnqjurtj~ntxtj~nsnyxtjktsnwjmnuvxwotxvjmnsnuvxvjijwxvjmnpjwxmn
TKON@OKF@gGK@LFDTzK@DB\MK@N@ZBUGCFZNHIB@NGLFB^FDGNO@LK@NZKDDB@
ZBCLFZFBCNLB@
@f@KON\BMNM@K@EBMCNM@T\OFZB@TONCB@LK@EMN\NO_B@ZBUB@
FCDEMGUKCEB@LK@N^NOFNHIB@LN@NEGNHIB@NLUFCFDEMNEF^N@LB@cMWIB@
K@LK@DKG@LKDKUTKC_B]@KDEN\KOKZKCLB@BD@TNMUKEMBD@TNMN@DGN@
jwirkrmtvj}x|nsinqxixnxmnrkwrqjwxvsmnosnusvirtjinojktrpqjv|n
B\KEF^NUKCEK]@N@DGN@N^NOFNHIB@TKMFcLFZN]@FCZOGDF^K@ZBU@MKONHIB@
NBD@MKZGMDBD@NTOFZNLBD@KU@VBUKCEB@`@TMBLGHIB@LK@NGLFB^FDGNO@
CZOGLB@TKON@KF@C@PaR]@LK@2PP
>>nnskyrjvnvs~jtvrxnjkoj~nwsnmojmnjtryrwjwsmnjxn rkrmtvrxn
LN@AGOEGMN@K]@TBM@FCEKMULFB@LN@{MKDFLCZFN@LN@KT\OFZN]@NB@
ABCWMKDDB@NZFBCNO@CZOGLB@TKON@KF@C@PaR]@LK@2PP
@f@EBUNM@LBD@FCEKMKDDNLBD@ZBUTMBUFDDB@LK@NGDENUKCEB@LK@
DGN@ZBCLGEN@`D@KSFWCZFND@OKWNFD@CB@U\FEB@LK@DGND@ZBUTKECZFND]@
CBD@EKMUBD@LB@@B@LB@NMEa@B@LN@KF@CB@a]@LK@@LK@GO_B@LK@
PQRa@CZOGLB@TKON@KF@C@PaR]@LK@2PP
@f@TMBUB^KM@FCEKMNHIB@ZBU@NLUFCFDEMNHzKD@LB@ZFCKUN@
snwxnjowrxyrmoj~nwxmnmtjwxmnisivxmnwxn svqxmo~nsnwsijrmn
UKU\MBD@LN@ZBUGCFLNLK@FCEKMCNZFBCNO]@ZBU@^FDEND@CN@ZBCDKZGHIB@
LK@B\KEF^BD@LK@FCEKMKDDK@ZBUGU@K@KLNHIB@LNLN@TKON@KF@C@
PaQQ]@LK@2P
?W

@f@KDEN\KOKZKM@ZMFEMFBD@K@TMBZKLFUKCEBD@NLUFCFDEMNEF^BD@
TNMN@N@WNMNCEFN@LB@TMFCZTFB@LN@MKZFTMBZFLNLK@CB@EKMMFEcMFB@\MNDFOKFMB@
KU@MKONHIB@`D@ZBCLFHzKD@LK@TMBLGHIB@K@KSTOBMNHIB@LK@B\MND@
NGLFB^FDGNFD@\MNDFOKFMND@KU@EKMMFEcMFBD@KDEMNCWKFMBDa@KLNHIB@LNLN@
TKON@KF@C@PaQQ]@LK@2P
{NMeWMNVB@CFZBa@?@BMWNCFhNHIB@\eDFZN@K@ND@ZBUTKECZFND@
LND@GCFLNLKD@LN@?A@DKMIB@KDEN\KOKZFLND@KU@NEB@LB@{BLKM@
SKZGEF^Ba@
0e55
651
?MEa@RB@?@?A@DKMe@LFMFWFLN@KU@MKWFUK@LK@ZBOKWFNLB@TBM@
GUN@LFMKEBMFN@ZBUTBDEN@LK@GU@FMKEBMf{MKDFLKCEK@K@EMD@FMKEBMKD]@
ZBU@UNCLNEBD@CIB@ZBFCZFLKCEKD@LK@gGNEMB@NCBDa
@PB@bD@UKU\MBD@LN@FMKEBMFN@DKMIB@\MNDFOKFMBD]@LK@MKTGENHIB@
FOF\NLN@K@KOK^NLB@ZBCZKFEB@CB@DKG@ZNUTB@LK@KDTKZFNOFLNLK]@
KDZBO_FLBD@TKOB@{MKDFLKCEK@LN@KT\OFZN@K@TBM@KOK@CBUKNLBD@NTcD@
NTMB^NHIB@TKOB@KCNLB@JKLKMNO]@CBD@EKMUBD@LN@NOCKN@XV[@LB@FCZFDB@
@LB@NMEa@@LN@ABCDEFEGFHIB@JKLKMNOa
@B@b@FMKEBMf{MKDFLKCEK@LN@?A@DKMe@KDZBO_FLB@TKOB@
{MKDFLKCEK@LN@KT\OFZN@KCEMK@BD@UKU\MBD@LN@FMKEBMFN@ABOKWFNLNa
@B@U@ZNDB@LK@^NWN@CB@ZGMDB@LB@UNCLNEB@LK@UKU\MB@LN@
FMKEBMFN@ABOKWFNLN]@KDEK@DKMe@ZBUTOKENLB@TBM@DGZKDDBM@FC^KDEFLB@
CN@VBMUN@TMK^FDEN@CB@@PB@LKDEK@NMEFWB]@gGK@B@KSKMZKMe@TKOB@TMNhB@
MKUNCKDZKCEKa
@B@CEKWMNMIB@N@KDEMGEGMN@LN@?A@GUN@{MBZGMNLBMFNf
!KMNO]@gGK@N@MKTMKDKCENMe@KU@GhB]@GUN@bG^FLBMFNf!KMNO@K@GUN@
?GLFEBMFNa@
@B@?@DG\DEFEGFHIB@LBD@LFMFWKCEKD@KU@DKGD@FUTKLFUKCEBD@DKMe@
LFDZFTOFCNLN@KU@MKWGONUKCEBa@
?MEa@QB@ABUTKEK@`@FMKEBMFN@ABOKWFNLN@LN@?A
@f@KSKMZKM@DGN@NLUFCFDEMNHIB
@f@KLFENM@CBMUND@DB\MK@UNEMFND@LK@DGN@ZBUTKECZFN
@f@NTMB^NM@DKG@MKWFUKCEB@FCEKMCB
@f@ZGUTMFM@K@VNhKM@ZGUTMFM@ND@TBOEFZND@K@LFMKEMFhKD@NTMB^NLND@
TKOB@ABCDKO_B@GTKMFBM@LK@AFCKUN
@f@LKOF\KMNM@DB\MK@DGN@TMBTBDEN@LK@BMHNUKCEB
@f@LKEKMUFCNM@N@LF^GOWNHIB@LK@MKONEcMFBD@DKUKDEMNFD@DB\MK@ND@
NEF^FLNLKD@LN@?WCZFN
@f@LKZFLFM@DB\MK@N@^KCLN]@ZKDDIB@BG@NOGWGKO@LK@\KCD@
FCEKWMNCEKD@LB@DKG@TNEMFUYCFB
nnkxtrpqjvnsnju~rqjvnjmnmjksmnuvsyrmtjmnkjn~srm~j}x
@f@GOWNM@MKZGMDBD@FCEKMTBDEBD@ZBCEMN@LKZFDzKD@LK@UKU\MBD@
LN@FMKEBMFN
@f@NGEBMFhNM@N@ZBCEMNENHIB@LK@DKM^FHB@LK@EKMZKFMBD@CN@VBMUN@LN@
OKWFDONHIB@^FWKCEK
@f@NGEBMFhNM@N@ZKOK\MNHIB@LK@ZBCEMNEBD]@ZBC^CFBD@K@NZBMLBD
{NMeWMNVB@CFZBa@?@FMKEBMFN@ABOKWFNLN@MKGCFMfDKfe@ZBU@
N@TMKDKCHN@LK]@TKOB@UKCBD]@EMD@LFMKEBMKD]@LKCEMK@KOKD@B@FMKEBMf
{MKDFLKCEK]@K@LKOF\KMNMe@TBM@UNFBMFN@DFUTOKD@LK@^BEBDa
?MEa@P2a@ABUTKEK@NB@FMKEBMf{MKDFLKCEK@LN@?A
@f@KSKMZKM@N@MKTMKDKCENHIB@OKWNO@LN@NWCZFN
@f@TMKDFLFM@ND@MKGCFzKD@LN@FMKEBMFN@ABOKWFNLN
@ZGUTMFM@K@VNhKM@ZGUTMFM@ND@LKZFDzKD@LN@FMKEBMFN@ABOKWFNLN
@f@KSKMZKM@B@^BEB@LK@gGNOFLNLK]@KU@ZNDB@LK@KUTNEK@CND@
LKOF\KMNHzKD@LN@FMKEBMFN@ABOKWFNLN
@f@CBUKNM]@KSBCKMNM@K@LKUFEFM@DKM^FLBMKD@K@KUTMKWNLBD
nnuvxysvnxmnqjvxmnsinqxirmm}xnsnjmnoksmnwsnqxkpjkj


@f@NTMB^NM@KLFENFD@LK@OFZFENHIB@K@_BUBOBWNM@NLGLFZNHzKD
@f@KCZNUFC_NM@NB@cMWIB@DGTKM^FDBM@N@TMBTBDEN@LK@BMHNUKCEB@
LN@?A
@f@NDDFCNM@ZBCEMNEBD]@NZBMLBD@K@ZBC^CFBD]@TMK^FNUKCEK@
NTMB^NLBD@TKON@FMKEBMFN@ABOKWFNLN
@f@BMLKCNM@LKDTKDND@K@TMNEFZNM@BD@NEBD@LK@WKDEIB@CKZKDDeMFBD@
NB@NOZNCZK@LBD@B\KEF^BD@LN@?A
@f@DGWKMFM@N@TMBTBDFEGMN@LK@NHIB@ZF^FO@T\OFZN@TKON@?A]@
CBD@ZNDBD@TMK^FDEBD@KU@OKF
@f@KSKMZKM@N@VGCHIB@LK@KZMKEeMFBfSKZGEF^B@LB@ABCDKO_B@
GTKMFBM@LB@AFCKUN
@f@KSKMZKM@BGEMND@NEF^FLNLKD@CKZKDDeMFND@`@WKDEIB@LN@
?A@K@`@FUTOKUKCENHIB@LND@LKZFDzKD@LB@ABCDKO_B@GTKMFBM@
LB@AFCKUNa
0e55
65455e5 8e
?MEa@PPa@ABCDEFEGKU@MKZKFEND@LN@?A
@f@@K^BWNLB@TKON@KF@C@PPa]@LK@22a
@fK^BWNLB@TKON@KF@C@PPa]@LK@22a
@f@B@TMBLGEB@LN@NMMKZNLNHIB@LND@UGOEND@MKDGOENCEKD@LB@
KSKMZZFB@LK@DGND@NEMF\GFHzKD
@f@K^BWNLB@TKON@KF@C@PPa]@LK@22a
@f@B@TMBLGEB@LN@KSKZGHIB@LN@DGN@L^FLN@NEF^N
@f@ND@LBENHzKD@ZBCDFWCNLND@CB@bMHNUKCEBf!KMNO@LN@CFIB]@
ZMLFEBD@KDTKZFNFD]@ZMLFEBD@NLFZFBCNFD]@EMNCDVKMCZFND@K@MKTNDDKD@
gGK@O_K@VBMKU@ZBCVKMFLBD
@f@ND@LBNHzKD]@OKWNLBD]@DG\^KCHzKD@K@BGEMBD@MKZGMDBD@gGK@
O_K@VBMKU@LKDEFCNLBD
@f@BD@^NOBMKD@NTGMNLBD@CN@^KCLN@BG@NOGWGKO@LK@\KCD@Uc^KFD@
K@FUc^KFD@LK@DGN@TMBTMFKLNLK
>nnxmnyj~xvsmnjuovjwxmnsinju~rqjsmnkxnisvqjwxnpkjkqsrvxn
LND@MKZKFEND@TMK^FDEND@CKDEK@NMEFWB
@f@TMBLGEB@LN@ZB\MNCHN@LK@KUBOGUKCEBD@TBM@DKM^FHBD@
TMKDENLBD@
@f@MKZGMDBD@TMB^KCFKCEKD@LK@NZBMLBD]@ZBC^CFBD@BG@ZBCEMNEBD@
ZKOK\MNLBD@ZBU@KCEFLNLKD]@BMWNCFDUBD@BG@KUTMKDND]@T\OFZBD@BG@
TMF^NLBD]@CNZFBCNFD@K@FCEKMCNZFBCNFD
@f@TMBLGEB@LN@^KCLN@LK@TG\OFZNHzKD]@UNEKMFNO@EZCFZB]@LNLBD@
snrkxvijsm|nrkq~omrysnujvjnpkmnwsn~rqrtj}xnu~rqj
@f@K^BWNLB@TKON@KF@C@PPa]@LK@22a

pX%$n@
n""X nn9 i"nn 9X 9Xn
n9"X@
9 Xnn9
?MEa@ Pa@ JFZN@ ZMFNLB@ B@ FDEKUN@ LK@ CVBMUNHzKD@ K@
xkrtxvjisktxnwjnkwmtvrjnrksijtxvpqjnsnrwsxxkxvpqj|n
LK@MKDTBCDN\FOFLNLK@LN@?A]@TBLKCLB@TNMN@DGN@KON\BMNHIB@
K@KSKZGHIB@DKM@ZBC^KCFNLN@BG@ZBCEMNENLN@KCEFLNLK@BG@KUTMKDN@
OKWNOUKCEK@ZBCDEFEGLNa
?MEa@Pa@BLN@DNON@BG@KDTNHB@LK@KSF\FHIB@T\OFZN@LKDEFCNLN@`@
su~xvj}xnwsnxvjnqrksijtxvpqjnsinoj~osvnmouxvtsnwsysvn
GEFOFhNM@B@DFDEKUN@LK@ZBCEMBOK@LK@MKZKFEND@LK@\FO_KEKMFN]@ZBCVBMUK@
wspkrwxnsinvso~jisktxnus~jn99
?MEa@PRa@?D@KUTMKDND@LFDEMF\GFLBMND]@ND@TMBWMNUNLBMND@LK@
B\MND@NGLFB^FDGNFD@TNMN@B@DKWUKCEB@LK@UKMZNLB@LK@DKM^FHBD@LK@
ZBUGCFZNHIB@KOKEMYCFZN@LK@UNDDND@TBM@NDDFCNEGMN]@ND@TMBWMNUNLBMND@
LK@B\MND@NGLFB^FDGNFD@TNMN@BGEMBD@UKMZNLBD]@ZBCVBMUK@NDDFCNONLB@
kjnj~ksjnsnwxnksxnnwsmtjn swrwjnvxyrmvrj|njmmrinqxixnjmn
OBZNLBMND@LK@^LKB@LBUDEFZB@K@ND@KUTMKDND@LK@KSF\FHIB]@LK^KU@
VBMCKZKM@MKONEcMFBD@TKMFcLFZBD@DB\MK@N@BVKMEN@K@B@ZBCDGUB@LK@B\MND@
NGLFB^FDGNFD@K@ND@MKZKFEND@NGVKMFLND@TKON@KSTOBMNHIB@LKOND@CB@
TKMBLB]@ZBCVBMUK@CBMUND@KSTKLFLND@TKON@?CZFCKa@KLNHIB@LNLN@
TKON@KF@C@PPa]@LK@22a
?MEa@PQa@?D@KUTMKDN@LFDEMF\GFLBMND@K@OBZNLBMND@LK@B\MND@
qrksijtxvpqjmnujvjnywsx|nwximtrqxnxonujvjnyskwjnwrvstjnjxn
ZBCDGUFLBM]@KU@gGNOgGKM@DGTBMEK]@LK^KMIB@KUFEFM@DKUKDEMNOUKCEK@
vs~jtvrxn skoisvjkwxn jmn xvjmn qrksijtxvpqjmn vjmr~srvjmn
LFDEMF\GLND@CB@TKMBLB]@CUKMB@LK@B\MND@KDEMNCWKFMND@K@DGN@MKONHIB]@
kisvxnwsnqurjmnwrmtvrowjmnuxvntto~x|nqxkxvisnwspkrwxnsin
MKWGONUKCEB]@LK^KCLB@KDEND@FCVBMUNHzKD@DKMKU@MKUKEFLND@`@
?Aa
?MEa@2a@{BLKMe@DKM@KDEN\KOKZFLN]@TBM@OKF]@N@B\MFWNEBMFKLNLK@
LK@VBMCKZFUKCEB@TKMFcLFZB@LK@FCVBMUNHzKD@DB\MK@^KFZGONHIB@
xonwrom}xnwsnxvjmnqrksijtxvpqjmnsnyrwsxxkxvpqjmnujvjn
KUTMKDND@BTKMNCEKD@KU@BGEMBD@DKWUKCEBD@LK@UKMZNLB@NOU@
LNgGKOKD@FCLFZNLBD@CBD@NMEDa@PR@K@PQa

?MEa@Pa@?@?A@TBLKMe@ZBCEMNENM@KDTKZFNOFDEND@TNMN@N@
KSKZGHIB@LK@EMN\NO_BD@CND@eMKND@EZCFZN]@NLUFCFDEMNEF^N]@KZBCYUFZN@
K@GMLFZN]@TBM@TMBKEBD@BG@TMNhBD@OFUFENLBD]@B\DKM^NCLBfDK@N@
OKWFDONHIB@KU@^FWBMa

vtn
n mn qurjmn wjmn xvjmn qrksijtxvpqjmn sn
yrwsxxkxvpqjmn wsmtrkjwjmn n yskwj|n qsmm}x|n siuvmtrix|n
usviotj|n~xqj}x|nsrr}x|nqxinxonmsinpkmn~oqvjtryxm|nsin
qxixnjmnxvjmnqrksijtxvpqjmnsnyrwsxxkxvpqjmnuo~rqrtvrjmn
LK^KMIB@ZBCEKM@KU@DKG@DGTBMEK@UNMZN@FCLKO^KO@K@FMMKUB^^KO@ZBU@
jnrwsktrpqj}xnwxnwstsktxvnwxnwrvsrtxnjotxvj~nkxnvjmr~|nqxintxwjmn
jmnrkxvijsmnosnxnrwsktrposi|nqxkxvisnixws~xnjuvxyjwxn
us~jn99nsnus~jn"sqvstjvrjnwjnsqsrtjnswsvj~nwxn rkrmtvrxn
LN@JNhKCLN]@DKU@TMKGhB@LB@gGK@EMNEN@N@KF@CB@QaP2]@LK@PQ@LK@
VK^KMKFMB@LK@PQQR]@K@B@KZMKEB@CB@aRQ]@@LK@LKhKU\MB@LK@PQQRa
jvvjxnkrqxn9xnqjmxnwsnxvjmnqrksijtxvpqjmnsn
yrwsxxkxvpqjmnuo~rqrtvrjm|njnijvqjnrkws~ys~nsnrvvsixyys~n
LK@gGK@EMNEN@B@nsnkjmnpkj~rwjwsmnj~rnuvsyrmtjmnwsysvnqxkmtjvn
kjnq~jostsnwsnrwsktrpqj}xn

?MEa@Pa@?@?A@TBLKMe@MKgGFDFENM]@ZBU@YCGD]@DKM^FLBMKD@
LK@cMWIBD@K@KCEFLNLKD@FCEKWMNCEKD@LN@NLUFCFDEMNHIB@T\OFZN@VKLKMNO@
LFMKEN]@NGEeMgGFZN@K@VGCLNZFBCNO]@gGNFDgGKM@gGK@DKNU@ND@NEMF\GFHzKD@
N@DKMKU@KSKMZFLNDa

?MEa@a@@B\MFWNEcMFB@B@MKWFDEMB@LND@KUTMKDND@LK@TMBLGHIB]@
wrmtvror}x|nsrr}xnwsnxvjmnqrksijtxvpqjmnsnyrwsxxkxvpqjmn
CNZFBCNFD@BG@KDEMNCWKFMND@CN@?A]@ZBCVBMUK@LFDTBDEB@KU@
MKWGONUKCEBa

?MEa@Pa@JFZN@N@?A@NGEBMFhNLN@N@NOFKCNM@\KCD@Uc^KFD@BG@
FUc^KFD@LB@DKG@TNEMFUYCFB@gGK@CIB@DK@LKDEFCKU@NB@LKDKUTKC_B@
LND@VGCHzKD@FCKMKCEKD@`@DGN@UFDDIB@FCDEFEGZFBCNOa
0e55
6e54e5 e
?MEa@Pa@K^BWNLB@TKON@KF@C@P2aRP]@LK@22

?Y


jvvjxnkrqxnjvjnmsnskspqrjvnwsnvsqovmxmnu~rqxmn
xonrkqsktryxmnpmqjrmnwsmtrkjwxmnnjtryrwjwsnqrksijtxvpqjnxon
yrwsxxkxvpqjnjnsiuvsmjnwsysnsmtjvnvsrmtvjwjnkjn99
vtnnnuvxwo}xnkxnvjmr~nwsnxvjnqrksijtxvpqjnxon
yrwsxxkxvpqjnsmtvjksrvjnwsysvnmsvnqxiokrqjwjnn99
{NMeWMNVB@ CFZBa@?@ TMBLGHIB@ K@ N@ NLNTENHIB@ LK@ B\MN@
qrksijtxvpqjn xon yrwsxxkxvpqjn smtvjksrvj|n kxn vjmr~|n
LK^KMIB@MKNOFhNMfDK@UKLFNCEK@ZBCEMNEB@ZBU@KUTMKDN@TMBLGEBMN@
\MNDFOKFMN]@gGK@DKMe@N@MKDTBCDe^KO@TKON@TMBLGHIB@TKMNCEK@ND@OKFD@
\MNDFOKFMNDa
?MEa@a@bD@DKM^FHBD@EZCFZBD@LK@ZcTFN@K@MKTMBLGHIB@LK@
ijtvrsmnwsnxvjmnqrksijtxvpqjmnsnyrwsxxkxvpqjmnosnmsn
LKDEFCKU@`@KSTOBMNHIB@ZBUKMZFNO@CB@UKMZNLB@\MNDFOKFMB@LK^KMIB@
DKM@KSKZGENLBD@KU@ON\BMNEcMFBD@FCDENONLBD@CB@{NDa
jvvjxnkrqxn mnxvjmnqrksijtxvpqjmnsnyrwsxxkxvpqjmn
KDEMNCWKFMND@KDEIB@LFDTKCDNLND@LK@ZBTFNWKU@B\MFWNEcMFN@CB@{ND@NE@
B@OFUFEK@LK@@DKFD@ZcTFND]@\KU@ZBUB@DKG@UNEKMFNO@LK@TMBUBHIB@K@
LF^GOWNHIB@CBD@OFUFEKD@KDEN\KOKZFLBD@KU@MKWGONUKCEBa@
vtn n Xxwjn sn oj~osvn xvjn qrksijtxvpqjn xon
yrwsxxkxvpqjnuo~rqrtvrjnsmtvjksrvjnmnuxwsvnmsvnysrqo~jwjn
BG@EMNCDUFEFLN@CB@{ND]@KU@gGNOgGKM@DKWUKCEB@LK@UKMZNLB]@
LK^FLNUKCEK@NLNTENLN@NB@FLFBUN@TBMEGWGD@K@NTcD@TNWNUKCEB@
LN@ABCLKZFCK]@LK@gGK@EMNEN@B@NMEa@a@KLNHIB@LNLN@TKON@KF@C@
PaQQ]@LK@2P
jvvjxnkrqxnnjwjutj}xnwsnxvjnqrksijtxvpqjnxon
yrwsxxkxvpqjnuo~rqrtvrjnwsysvnmsvnvsj~rjwjnuxvnsiuvsmjn
TMBLGEBMN@\MNDFOKFMN@MKWFDEMNLN@CN@?CZFCK]@ZBCVBMUK@CBMUND@TBM@
KON@KSTKLFLNDa@KLNHIB@LNLN@TKON@KF@C@PaQQ]@LK@2P
vtnnnsiuvsmjnuvxwotxvjnwsnxvjnqrksijtxvpqjnxon
yrwsxxkxvpqjnqxinvsqovmxmnu~rqxmnxonuvxyskrsktsmnwsn
vskkqrjnpmqj~nwsysvnwsuxmrtjvnkjnrksijtsqjnvjmr~srvjnxon
KCEFLNLK@ZMKLKCZFNLN@TKON@?A@GUN@ZcTFN@LK@\NFSB@ZBCEMNDEK]@
FCEKMTBDFEF^B@BG@UNEMFh@LFWFENO@LN@B\MN]@TNMN@DGN@LK^FLN@TMKDKM^NHIBa@
vtnnmnxvjmnqrksijtxvpqjmnsnyrwsxxkxvpqjmn
uvxworwjmnqxinvsqovmxmnu~rqxmnxonvskkqrjnpmqj~|njumn
LKZBMMFLBD@LKh@NCBD@LK@DGN@TMFUKFMN@KSF\FHIB@ZBUKMZFNO]@TBLKMIB@
DKM@KSF\FLND@KU@ZNCNFD@KLGZNEF^BD@UNCEFLBD@ZBU@MKZGMDBD@T\OFZBD@
CBD@DKM^FHBD@LK@MNLFBLFVGDIB@LK@DBCD@K@FUNWKCD@K@CBD@ZNCNFD@
MKVKMFLBD@CND@NOCKND@X\[@N@XW[@LB@FCZFDB@@LB@NMEa@@LN@KF@CB@
RaQ]@LK@@LK@NCKFMB@LK@PQQ]@K@KU@KDEN\KOKZFUKCEBD@T\OFZBD@
wsnskmrkx|nkjnxvijnwspkrwjnsinvso~jisktx|nvsmusrtjwxmnxmn
ZBCEMNEBD@KSFDEKCEKDa@
vtnZnXxwjnxvjnqrksijtxvpqjnsnyrwsxxkxvpqjn
\MNDFOKFMN@LK^KMe]@NCEKD@LK@DGN@KSF\FHIB@BG@ZBUKMZFNOFhNHIB]@
vsosvsvnn99nxnvsrmtvxnwxntto~xnsnxnsvtrpqjwxnwsnvxwotxn
vjmr~srvxnnn
@PBn9xnqjmxnwsnxvjnqrksijtxvpqjnxonxvjnyrwsxxkxvpqjn
TG\OFZFEeMFN@\MNDFOKFMN]@NTcD@N@DBOFZFENHIB@LB@MKWFDEMB@LB@EEGOB]@N@
UKDUN@TBLKMe@DKM@KSF\FLN@BG@ZBUKMZFNOFhNLN]@LK^KCLB@DKM@MKEFMNLN@
LK@KSF\FHIB@BG@DKM@DGDTKCDN@DGN@ZBUKMZFNOFhNHIB]@ZNDB@DKN@
ZBCDENENLB@B@CIB@TNWNUKCEB@LN@AbA@BG@B@VBMCKZFUKCEB@
LK@FCVBMUNHzKD@FCZBMMKENDa@
@B@?D@^KMDzKD]@ND@NLNTENHzKD]@ND@^FC_KEND@K@ND@Z_NUNLND@
vsj~rjwjmnjnujvtrvnwjnxvjnqrksijtxvpqjnsnyrwsxxkxvpqjn
TG\OFZFEeMFN@BMFWFCNO]@\MNDFOKFMN@BG@KDEMNCWKFMN]@NE@B@OFUFEK@UeSFUB@
V[

LK@@ZFCZB]@LK^KU@DKM@ZBCDFLKMNLND@GU@Dc@EEGOB]@GCENUKCEK@ZBU@
N@B\MN@BMFWFCNO]@TNMN@KVKFEB@LB@TNWNUKCEB@LN@ABCLKZFCKa@KLNHIB@
LNLN@TKON@KF@C@PaQQ]@LK@2P
@B@?D@^KMDzKD]@ND@NLNTENHzKD]@ND@^FC_KEND@K@ND@Z_NUNLND@
vsj~rjwjmnjnujvtrvnwjnxvjnqrksijtxvpqjnsnyrwsxxkxvpqjn
TG\OFZFEeMFN@BMFWFCNO@LKDEFCNLN@`@TG\OFZFLNLK@LK@^NMKB]@NE@B@OFUFEK@
UeSFUB@LK@2@ZFCgGKCEN]@LK^KU@DKM@ZBCDFLKMNLND@GU@Dc@EEGOB]@
GCENUKCEK@ZBU@N@B\MN@BMFWFCNO]@TNMN@KVKFEB@LB@TNWNUKCEB@LN@
ABCLKZFCKa@KLNHIB@LNLN@TKON@KF@C@PaQQ]@LK@2P
@B@OEMNTNDDNLB@B@OFUFEK@LK@gGK@EMNEN@B@@B@BG@B@@B]@LK^KMe@
msvnmx~rqrtjwxnkxyxnvsrmtvxnwxntto~xnwsnxvjnqrksijtxvpqjnsn
yrwsxxkxvpqjnuo~rqrtvrjnxvrrkj~nKLNHIB@LNLN@TKON@KF@C@
PaQQ]@LK@2P
?MEa@ Qa@ ?@ ZBCEMNENHIB@ LK@ LFMKFEBD@ LK@ KSTOBMNHIB@
ZBUKMZFNO]@LK@OFZKCZFNUKCEB]@TMBLGHIB]@ZBTMBLGHIB]@KSF\FHIB]@
LFDEMF\GFHIB]@ZBUKMZFNOFhNHIB]@FUTBMENHIB@K@KSTBMENHIB@LK@B\MND@
qrksijtxvpqjmnsnyrwsxxkxvpqjmnsinoj~osvnmouxvtsnxon
^KZGOB@CB@UKMZNLB@\MNDFOKFMB]@LK^KMe@DKM@FCVBMUNLN@`@?A]@
TMK^FNUKCEK@`@ZBUKMZFNOFhNHIB]@KSF\FHIB@BG@^KFZGONHIB@LN@B\MN]@
ZBU@N@ZBUTMB^NHIB@LB@TNWNUKCEB@LN@AbA@TNMN@B@
DKWUKCEB@LK@UKMZNLB@KU@gGK@N@B\MN@^KC_N@N@DKM@KSTOBMNLN@
ZBUKMZFNOUKCEKa@
jvvjxnkrqxn9xnqjmxnwsnxvjnqrksijtxvpqjnxon
yrwsxxkxvpqjnuo~rqrtvrj|nwsysvnmsvnskyrjwxnn99|nxn
vsmoixnwxnqxktvjtxnpvijwxnsktvsnjmnujvtsm|nqxkxvisnixws~xnjnmsvn
KDEN\KOKZFLB@KU@MKWGONUKCEBa@
vtnnjvjnqxkqsmm}xnwjnq~jmmrpqj}xnstvrjnrkwrqjtryjn
wsnxvjmnqrksijtxvpqjmnsnyrwsxxkxvpqjmnmsvnsrrwjnus~xn
cMWIB@MKDTBCDe^KO@N@ZBUTMB^NHIB@LB@TNWNUKCEB@LN@AbA@
kxnmsisktxnwsnisvqjwxnjnosnjnq~jmmrpqj}xnstvrjnrkwrqjtryjnmsn
MKVKMFMa@
?MEa@Pa@K^BWNLB@TKON@KF@C@PaR]@LK@2PP
{NMeWMNVB@CFZBa@K^BWNLB@TKON@KF@C@PaR]@LK@2PP
pX%$n@
n9X%ijnnn"9$ 9Xnn
9"X@
9 Xn99$nn99
?MEa@a@?@ABCEMF\GFHIB@TNMN@B@KDKC^BO^FUKCEB@LN@CLDEMFN@
rksijtxvpqjn9jqrxkj~nnxkwsqrksntsvnuxvnjtxnsvjwxvn
KLNHIB@LNLN@TKON@KF@C@PaR]@LK@2PP@{MBLGHIB@LK@KVKFEB
@f@N@^KFZGONHIB]@N@TMBLGHIB]@B@OFZKCZFNUKCEB@K@N@LFDEMF\GFHIB@LK@
xvjmnqrksijtxvpqjmnsnyrwsxxkxvpqjmnqxinpkmnqxisvqrjrm|n
TBM@DKWUKCEB@LK@UKMZNLB@N@gGK@VBMKU@LKDEFCNLND@FCZOGLB@TKON@
KF@C@PaR]@LK@2PP{MBLGHIB@LK@KVKFEB
@f@N@TMKDENHIB@LK@DKM^FHBD@gGK@DK@GEFOFhKU@LK@UKFBD@gGK@TBDDNU]@
KVKEF^N@BG@TBEKCZFNOUKCEK]@LFDEMF\GFM@ZBCEKLBD@NGLFB^FDGNFD@CBD@
EKMUBD@LN@OKF@gGK@LFDTzK@DB\MK@N@ZBUGCFZNHIB@NGLFB^FDGNO@LK@
jqsmmxnqxkwrqrxkjwx|n~rmtjwxmnkxnksxnnwsmtjn swrwjnvxyrmvrjn
FCZOGLB@TKON@KF@C@PaR]@LK@2PP@{MBLGHIB@LK@KVKFEB
@f@N@^KFZGONHIB@BG@LFDEMF\GFHIB@LK@B\MN@NGLFB^FDGNO@
TG\OFZFEeMFN@FCZOGLN@KU@TMBWMNUNHIB@FCEKMCNZFBCNO]@CBD@EKMUBD@
LB@FCZFDB@@LB@NMEa@PBnwsmtjn swrwjnvxyrmvrj|nkxmnqjmxmnsin
gGK@KSFDEFM@TNMEFZFTNHIB@LFMKEN@LK@NWCZFN@LK@TG\OFZFLNLK@CNZFBCNO]@
DKCLB@EMF\GENLN@CBD@UKDUBD@^NOBMKD@NEMF\GLBD@gGNCLB@LN@
^KFZGONHIB@FCZOGLN@KU@TMBWMNUNHIB@CNZFBCNOa@FCZOGLB@TKON@KF@
C@PaR]@LK@2PP@{MBLGHIB@LK@KVKFEB


{NMeWMNVB@CFZBa@?@AbA@ENU\U@FCZFLFMe@DB\MK@
B@TNWNUKCEB]@B@ZMLFEB]@B@KUTMKWB]@N@MKUKDDN@BG@N@KCEMKWN]@NBD@
TMBLGEBMKD]@LFDEMF\GFLBMKD@BG@FCEKMUKLFeMFBD@CB@KSEKMFBM]@LK@
FUTBMECZFND@MKONEF^ND@N@MKCLFUKCEB@LKZBMMKCEK@LN@KSTOBMNHIB@LK@
xvjmnqrksijtxvpqjmnsnyrwsxxkxvpqjmnxonuxvnmojnjormr}xn
xonriuxvtj}x|njnuvsxnpx
?MEa@a@?@ABCLKZFCK@DKMe@LK^FLN@TNMN@ZNLN@DKWUKCEB@LK@
UKMZNLB]@TBM@KLNHIB@LNLN@TKON@KF@C@PaR]@LK@2PP
n n tto~xn xon qjuto~xn wsn xvjn qrksijtxvpqjn xon
yrwsxxkxvpqjnwsmtrkjwjnjxmnmsorktsmnmsisktxmnwsnisvqjwx
N@DNOND@LK@KSF\FHIB
\@^LKB@LBUDEFZB]@KU@gGNOgGKM@DGTBMEK
Z@DKM^FHB@LK@MNLFBLFVGDIB@LK@DBCD@K@FUNWKCD
L@DKM^FHBD@LK@ZBUGCFZNHIB@KOKEMYCFZN@LK@UNDDN@TBM@NDDFCNEGMN
K@BGEMBD@UKMZNLBD]@ZBCVBMUK@NCKSBa
n n tto~xn wsn xvjn uo~rqrtvrjn qrksijtxvpqjn xon
yrwsxxkxvpqj|nujvjnqjwjnmsisktxnwxmnisvqjwxmnuvsyrmtxmnkjmn
NOCKND@XN[@N@XK[@LB@FCZFDB@@N@gGK@DK@LKDEFCNM@KLNHIB@LNLN@TKON@
KF@C@PaR]@LK@2PP@{MBLGHIB@LK@KVKFEB
@f@TMKDENLBMKD@LBD@DKM^FHBD@ZBCDENCEKD@LB@?CKSB@@LKDEN@
swrwjnvxyrmvrj|njnosnmsnvssvsnxnrkqrmxnnwxnjvtnnwsmtjn
swrwjnvxyrmvrjnCZOGLB@TKON@KF@C@PaR]@LK@2PP
@PB@?@AbA@ZBMMKDTBCLKMe@NBD@^NOBMKD@LND@EN\KOND@
qxkmtjktsmnwxnksxnnjnsmtjn swrwjnvxyrmvrj
@B@N@_FTcEKDK@LB@TNMeWMNVB@CFZB@LB@NMEa@]@N@AbA@
DKMe@LKEKMUFCNLN@UKLFNCEK@N@NTOFZNHIB@LK@NOgGBEN@LK@BChK@TBM@
ZKCEB@DB\MK@ND@FUTBMECZFND@NOF@MKVKMFLNDa
@B@?@ABCLKZFCK@DKMe@LK^FLN@KLNHIB@LNLN@TKON@KF@C@
PaR]@LK@2PP{MBLGHIB@LK@KVKFEB
@f@GUN@CFZN@^Kh@N@ZNLN@@ZFCZB@NCBD]@TNMN@ND@B\MND@N@gGK@
DK@MKVKMK@B@FCZFDB@@LB@@LKDEK@NMEFWB@CZOGLB@TKON@KF@C@
PaR]@LK@2PP
@f@N@ZNLN@P@LBhK@UKDKD]@TNMN@ZNLN@DKWUKCEB@LK@UKMZNLB@
KU@gGK@N@B\MN@DKN@KVKEF^NUKCEK@^KFZGONLN]@TNMN@ND@B\MND@N@gGK@
DK@MKVKMK@B@FCZFDB@@LB@@LKDEK@NMEFWB@CZOGLB@TKON@KF@C@
PaR]@LK@2PP
@f@N@ZNLN@NCB]@TNMN@BD@DKM^FHBD@N@gGK@DK@MKVKMK@B@FCZFDB@@LB@
@LKDEK@NMEFWBa@CZOGLB@TKON@KF@C@PaR]@LK@2PP
@Bn9jnxqxvv3kqrjnwsnixwj~rwjwsmnwsnmsvyrxmnoj~rpqjwjmnkjn
xvijnwxnrkqrmxnnwxnjvtnnk}xnuvsmsktsmnkxnksxnnwsmtjn swrwjn
{MB^FDcMFN]@DKMe@LK^FLN@TKON@TMKDENLBMN@N@ABCEMF\GFHIB@MKVKMKCEK@NB@
rtsinrjsnwxnksxn|njtnosn~srnpsnmsonyj~xvnCZOGLB@TKON@KF@
C@PaR]@LK@2PP
?MEa@a@b@TMBLGEB@LN@NMMKZNLNHIB@LN@ABCLKZFCK@DKMe@
LKDEFCNLB@NB@JGCLB@NZFBCNO@LN@AGOEGMN@@JA@K@NOBZNLB@KU@
qjtsxvrjnwsnuvxvjij}xnsmusqpqjnwskxirkjwjnokwxn"stxvrj~n
LB@?GLFB^FDGNO]@TNMN@NTOFZNHIB@CND@NEF^FLNLKD@LK@VBUKCEB@MKONEF^ND@
jxmnvxvjijmnwsnosntvjtjnxnjvtnnwsmtjn swrwjnvxyrmvrjn
KLNHIB@LNLN@TKON@KF@C@PPa]@LK@22a
@@MK^BWNLB@KLNHIB@LNLN@TKON@KF@C@PPa]@LK@22a
@@MK^BWNLB@KLNHIB@LNLN@TKON@KF@C@PPa]@LK@22a
@@MK^BWNLBa@KLNHIB@LNLN@TKON@KF@C@PPa]@LK@22a
?MEa@a@?@AbA@DKMe@LK^FLN@TKOBD@DKWGFCEKD@DGKFEBD@
TNDDF^BD
@f@LKEKCEBM@LBD@LFMKFEBD@LK@KSTOBMNHIB@ZBUKMZFNO@BG@LK@
OFZKCZFNUKCEB@CB@{ND]@ZBCVBMUK@B@ZNDB]@TNMN@BD@DKWUKCEBD@LK@
UKMZNLB@TMK^FDEBD@CND@NOCKND@XN[@N@XK[@LB@FCZFDB@@LB@NMEa@
@f@KUTMKDN@TMBLGEBMN]@CB@ZNDB@LK@B\MN@CNZFBCNO]@BG@LKEKCEBM@
LB@OFZKCZFNUKCEB@TNMN@KSF\FHIB]@CB@ZNDB@LK@B\MN@KDEMNCWKFMN]@CN@
_FTcEKDK@LB@FCZFDB@@LB@NMEa@
@f@B@MKDTBCDe^KO@TKOB@TNWNUKCEB]@ZMLFEB]@KUTMKWB]@MKUKDDN@
BG@KCEMKWN@LND@FUTBMECZFND@MKVKMFLND@CB@TNMeWMNVB@CFZB@LB@NMEa@
@KLNHIB@LNLN@TKON@KF@C@PaR]@LK@2PP@{MBLGHIB@LK@
KVKFEB
V

@f@ND@ZBCZKDDFBCeMFND]@TKMUFDDFBCeMFND@K@NGEBMFhNLND@LK@
DKM^FHBD@LK@EKOKZBUGCFZNHzKD]@MKONEF^NUKCEK@NB@LFDTBDEB@CB@FCZFDB@
@LB@NMEa@@CZOGLB@TKON@KF@C@PaR]@LK@2PP
@f@B@MKTMKDKCENCEK@OKWNO@K@B\MFWNEcMFB@LN@TMBWMNUNLBMN@
KDEMNCWKFMN@CB@{ND]@CN@_FTcEKDK@LB@FCZFDB@@LB@NMEa@a@CZOGLB@
TKON@KF@C@PaR]@LK@2PP
?MEa@a@?@AbA@LK^KMe@DKM@MKZBO_FLN@`@?A]@CN@
VBMUN@LB@MKWGONUKCEB@
@f@CN@LNEN@LB@MKWFDEMB@LB@EEGOB@TNMN@BD@UKMZNLBD@LK@DNOND@LK@
KSF\FHIB@K@LK@^LKB@LBUDEFZB@KU@gGNOgGKM@DGTBMEK]@K@DKM^FHBD@
LK@ZBUGCFZNHIB@KOKEMYCFZN@LK@UNDDN@TBM@NDDFCNEGMN@TNMN@ND@
TMBWMNUNLBMND@MKVKMFLND@CB@FCZFDB@@LB@NMEa@PBnwjn swrwjn
{MB^FDcMFN@CB@aRfP]@LK@@LK@DKEKU\MB@LK@22P]@KU@gGNOgGKM@
DGTBMEK]@ZBCVBMUK@?CKSB@@
@f@CN@LNEN@LB@MKWFDEMB@LB@EEGOB@TNMN@B@UKMZNLB@LK@DKM^FHBD@
LK@MNLFBLFVGDIB@LK@DBCD@K@FUNWKCD@K@BGEMBD@UKMZNLBD]@ZBCVBMUK@
?CKSB@@
@f@CN@LNEN@LB@MKWFDEMB@LB@EEGOB@BG@NE@B@TMFUKFMB@LFN@
tr~nmsorktsnnmojnmx~rqrtj}x|nujvjnxvjnqrksijtxvpqjnxon
yrwsxxkxvpqjnuo~rqrtvrjnvjmr~srvj|nvjmr~srvjnp~ijwjnkxn
KSEKMFBM@BG@KDEMNCWKFMN@TNMN@ZNLN@DKWUKCEB@LK@UKMZNLB]@ZBCVBMUK@
?CKSB@@KLNHIB@LNLN@TKON@KF@C@PaQQ]@LK@2P
@f@CN@LNEN@LB@MKWFDEMB@LB@EEGOB]@TNMN@B@UKMZNLB@LK@DKM^FHBD@
LK@MNLFBLFVGDIB@LK@DBCD@K@FUNWKCD@K@LK@ZBUGCFZNHIB@KOKEMYCFZN@LK@
ijmmjnuxvnjmmrkjtovj|nujvjnxvjnqrksijtxvpqjnsnyrwsxxkxvpqjn
CNZFBCNO]@ZBCVBMUK@?CKSB@@
@f@CN@LNEN@LB@TNWNUKCEB]@ZMLFEB]@KUTMKWB@BG@MKUKDDN@LND@
FUTBMECZFND@MKVKMFLND@CB@TNMeWMNVB@CFZB@LB@NMEa@@
nnkjnwjtjnwjnqxkqsmm}xnwxnqsvtrpqjwxnwsnq~jmmrpqj}xn
FCLFZNEF^N]@CBD@LKUNFD@ZNDBD]@ZBCVBMUK@?CKSB@a@
@f@NCGNOUKCEK]@NE@B@LFN@P@LK@UNMHB]@TNMN@BD@DKM^FHBD@LK@
osntvjtjnxnrkqrmxnnwxnjvtnnwsmtjn swrwjnvxyrmvrjnCZOGLB@
TKON@KF@C@PaR]@LK@2PP@{MBLGHIB@LK@KVKFEB
?MEa@a@b@CIB@MKZBO_FUKCEB@LN@AbA@CB@TMNhB@
DGKFENMe@B@ZBCEMF\GFCEK@`D@TKCNOFLNLKD@K@NZMDZFUBD@UBMNEcMFBD@
TMK^FDEBD@CBD@NMEDa@@K@P@LN@KF@CB@Qa2]@LK@@LK@LKhKU\MB@LK@
PQQ
@PB@?@TKDDBN@VDFZN@BG@GMLFZN@gGK@TMBUB^KM@N@KSF\FHIB]@
tvjkmirmm}x|nwrom}xnxonysrqo~j}xnwsnxvjnqrksijtxvpqjnxon
yrwsxxkxvpqjnosnk}xntskljnmrwxnxstxnwxnvsqx~lrisktxnwjn
AbA@MKDTBCLK@DBOFLNMFNUKCEK@TBM@KDDN@ZBCEMF\GFHIBa@
@B@?@DBOFLNMFKLNLK@LK@gGK@EMNEN@B@@PB@CIB@DK@NTOFZN@`@_FTcEKDK@
TMK^FDEN@CB@TNMeWMNVB@CFZB@LB@NMEa@a@
?ME@Ra@?@NLUFCFDEMNHIB@LN@AbA]@FCZOGDF^K@ND@
jtryrwjwsmnwsnjvvsqjwj}x|ntvrotj}xnsnpmqj~rj}x|nqxiustsnn
@f@KZMKENMFN@LN@KZKFEN@JKLKMNO]@CN@_FTcEKDK@LB@TNMeWMNVB@
CFZB@LB@NMEa@@
@f@?A]@CBD@LKUNFD@ZNDBDa@
@Pa@?TOFZNUfDK@`@AbA]@CN@_FTcEKDK@LK@gGK@EMNEN@B@
FCZFDB@@LB@]@ND@CBMUND@LB@KZMKEB@CB@2a]@LK@@LK@UNMHB@
LK@PQa@KLNHIB@LNLN@TKON@TKON@KF@C@P2a]@LK@Paaa22@
KCGUKMNLB@LB@TNMeWMNVB@CFZB@TKON@KF@C@PaR]@LK@2PP@
{MBLGHIB@LK@KVKFEB
@B@?@?CZFCK@K@N@?WCZFN@NZFBCNO@LK@KOKZBUGCFZNHzKD@f@
kjts~nssvqsv}xnjmnjtryrwjwsmnwsnvso~jisktj}xnsnpmqj~rj}xn
kxn=irtxnwsnmojmnqxiust3kqrjmnsnuxwsv}xnwspkrvnxnvsqx~lrisktxn
ZBCGCEB@LN@TNMZKON@LN@ABCLKZFCK@LK^FLN@MKVKMKCEK@NB@FCZFDB@@
LB@+wxnjvtnnsnwjmntjjmnwsnpmqj~rj}xnwsnosntvjtjnjn$srn
CB@a22]@LK@@LK@GO_B@LK@PQ]@gGK@ZMFN@B@JGCLB@LK@JFDZNOFhNHIB@
LND@KOKZBUGCFZNHzKDa@CZOGLB@TKON@KF@C@PaR]@LK@2PP@
{MBLGHIB@LK@KVKFEB


?MEa@Qa@IB@FDKCEBD@LN@AbA
nnjnxvjnqrksijtxvpqjnsnyrwsxxkxvpqjnwsmtrkjwjnn
KSF\FHIB@KSZOGDF^N@KU@VKDEF^NFD@K@UBDEMND]@LKDLK@gGK@TMK^FNUKCEK@
NGEBMFhNLN@TKON@?A
nnjnxvjnqrksijtxvpqjnsnyrwsxxkxvpqjnxvkj~mtrqj|n
\KU@NDDFU@BD@K^KCEBD@KDTBMEF^BD
@f@ND@Z_NUNLND@LBD@TMBWMNUND@K@N@TG\OFZFLNLK@LK@B\MND@
qrksijtxvpqjmnsnyrwsxxkxvpqjmnysrqo~jwjmnkxmnmsvyrxmnwsn
MNLFBLFVGDIB@LK@DBCD@K@FUNWKCD]@CBD@DKM^FHBD@LK@ZBUGCFZNHIB@
KOKEMYCFZN@LK@UNDDN@TBM@NDDFCNEGMN@K@CBD@DKWUKCEBD@LK@UKMZNLB@
LK@DNOND@LK@KSF\FHIB@K@LK@^LKB@LBUDEFZB@KU@gGNOgGKM@DGTBMEK@
KLNHIB@LNLN@TKON@KF@C@PaQQ]@LK@2P
n n jmn xvjmn qrksijtxvpqjmn xon yrwsxxkxvpqjmn
uo~rqrtvrjmnysrqo~jwjmnsin okrqurxmnosntxtj~rsinoinkisvxn
wsnljrtjktsmnjnmsvnwspkrwxnsinvso~jisktxn
nnjnsuxvtj}xnwsnxvjmnqrksijtxvpqjmnsnyrwsxxkxvpqjmn
\MNDFOKFMND@K@N@TMBWMNUNHIB@\MNDFOKFMN@EMNCDUFEFLN@TNMN@B@KSEKMFBM
@f@ND@B\MND@NGLFB^FDGNFD@\MNDFOKFMND]@TMBLGhFLND@TKOND@
KUTMKDND@LK@DKM^FHBD@LK@MNLFBLFVGDIB@LK@DBCD@K@FUNWKCD@K@KUTMKDND@
LK@DKM^FHBD@LK@ZBUGCFZNHIB@KOKEMYCFZN@LK@UNDDN@TBM@NDDFCNEGMN]@
TNMN@KSF\FHIB@CB@DKG@TMcTMFB@DKWUKCEB@LK@UKMZNLB@BG@gGNCLB@
EMNCDUFEFLN@TBM@VBMHN@LK@OKF@BG@MKWGONUKCEB@KU@BGEMB@DKWUKCEB@LK@
UKMZNLB]@B\DKM^NLB@B@LFDTBDEB@CB@TNMeWMNVB@CFZB]@KSZKEB@ND@B\MND@
NGLFB^FDGNFD@TG\OFZFEeMFND@
@f@B@TNWNUKCEB]@B@ZMLFEB]@B@KUTMKWB]@N@MKUKDDN@BG@
N@KCEMKWN@NBD@TMBLGEBMKD]@LFDEMF\GFLBMKD@BG@FCEKMUKLFeMFBD@CB@
KSEKMFBM]@LND@FUTBMECZFND@MKONEF^ND@N@MKCLFUKCEBD@LKZBMMKCEKD@LN@
su~xvj}xnwsnxvjmnqrksijtxvpqjmnxonyrwsxxkxvpqjmnxon
uxvnmojnjormr}xnxonriuxvtj}xnjnuvsxnpx|nsinqxixnoj~osvn
UBCENCEK@MKVKMKCEK@N@NgGFDFHIB@BG@OFZKCZFNUKCEB@LK@gGNOgGKM@
xvijnwsnwrvsrtxm|nvssvsktsmnnuvxvjij}x|nqxkxvisnwspkr}xn
ZBCDENCEK@LB@FCZFDB@@LB@NMEa@PB@
nnxvjmnqrksijtxvpqjmnsnyrwsxxkxvpqjmnuo~rqrtvrjmn
vjmr~srvjmnwsnqjvtsvnskspqskts|np~jktvurqxnsnwsnuvxujjkwjn
TBOEFZN@
>nnjmnxvjmnqrksijtxvpqjmnsnyrwsxxkxvpqjmnrkq~owjmn
CN@TMBWMNUNHIB@FCEKMCNZFBCNO@LK@gGK@EMNEN@B@FCZFDB@@LB@NMEa@PB]@
gGNCEB@`@AbA@TMK^FDEN@CB@FCZFDB@]@NOCKN@L@LB@NMEa@@
@f@N@AbA@LK@gGK@EMNEN@B@TNMeWMNVB@CFZB@LB@NMEa@]@
MKVKMKCEK@`@TMBWMNUNHIB@FCEKMCNZFBCNO]@LK@gGK@EMNEN@B@FCZFDB@@LB@
NMEa@PB|nwsmwsnosnjnuvxvjijwxvjnskspqrvrjnwsmtjnrmsk}xnxutsn
TBM@NTOFZNM@B@^NOBM@ZBMMKDTBCLKCEK@N@ @EMD@TBM@ZKCEB@LB@^NOBM@
LB@TNWNUKCEB]@LB@ZMLFEB]@LB@KUTMKWB]@LN@MKUKDDN@BG@LN@KCEMKWN@
NBD@TMBLGEBMKD]@LFDEMF\GFLBMKD@BG@FCEKMUKLFeMFBD@CB@KSEKMFBM]@LND@
FUTBMECZFND@MKONEF^ND@N@MKCLFUKCEBD@BG@MKUGCKMNHIB@LKZBMMKCEKD@
wjnsu~xvj}xnwsnxvjmnqrksijtxvpqjmnxonyrwsxxkxvpqjmnxon
uxvnmojnjormr}xnxonriuxvtj}xnjnuvsxnpx|nsinqxixnoj~osvn
UBCENCEK@MKVKMKCEK@N@NgGFDFHIB@BG@OFZKCZFNUKCEB@LK@gGNOgGKM@VBMUN@
wsnwrvsrtxm|nsinuvxstxmnwsnuvxwo}xnwsnxvjmnqrksijtxvpqjmnsn
yrwsxxkxvpqjmnvjmr~srvjmnwsn~xkj|niwrjnsnqovtjnistvjskmnwsn
uvxwo}xnrkwsuskwskts|nwsnqxuvxwo}xnwsnxvjmnqrksijtxvpqjmn
snyrwsxxkxvpqjmnvjmr~srvjmnwsnuvxwo}xnrkwsuskwskts|nwsn
ts~sp~ism|nirkrmmvrsm|nwxqoisktjrm|npqqrxkjrm|njkrijsmnsnwsn
TMBWMNUND@LK@EKOK^FDIB@LK@ZNMeEKM@KLGZNEF^B@K@ZGOEGMNO]@\MNDFOKFMBD@
LK@TMBLGHIB@FCLKTKCLKCEK]@NTMB^NLBD@TKON@?Aa@
@f@N@?CNEKO]@ND@JBMHND@?MUNLND]@N@{BOZFN@JKLKMNO]@ND@
x~qrjmn r~rtjvsm|njnx~qrjnxwxyrvrjnswsvj~|njmnx~qrjmnryrmn
snxmnxvuxmnwsnxisrvxmn r~rtjvsmnCZOGLB@TKON@KF@C@PaR]@
LK@2PP@{MBLGHIB@LK@KVKFEB
@PB@?D@B\MND@NGLFB^FDGNFD@\MNDFOKFMND]@TMBLGhFLND@TKOND@
KUTMKDND@LK@DKM^FHBD@LK@MNLFBLFVGDIB@LK@DBCD@K@FUNWKCD@K@KUTMKDND@
LK@DKM^FHBD@LK@ZBUGCFZNHIB@KOKEMYCFZN@LK@UNDDN@TBM@NDDFCNEGMN]@
V

KDENMIB@DGKFEND@NB@TNWNUKCEB@LN@AbA@DK@^FKMKU@N@DKM@
ZBUKMZFNOFhNLND@KU@BGEMBD@DKWUKCEBD@LK@UKMZNLBa@
@B@bD@^NOBMKD@ZBMMKDTBCLKCEKD@NBD@ @EMD@TBM@ZKCEB@
TMK^FDEBD@CB@FCZFDB@@LB@ZNTGE@LKDEK@NMEFWB@LK^KMIB@DKM@LKTBDFENLBD@
CN@LNEN@LB@TNWNUKCEB]@LB@ZMLFEB]@LB@KUTMKWB]@LN@MKUKDDN@BG@
LN@KCEMKWN@NBD@TMBLGEBMKD]@LFDEMF\GFLBMKD@BG@FCEKMUKLFeMFBD@CB@
KSEKMFBM@LND@FUTBMECZFND@MKONEF^ND@N@MKCLFUKCEBD@LKZBMMKCEKD@LN@
su~xvj}xnwsnxvjmnqrksijtxvpqjmnsnyrwsxxkxvpqjmnxonuxvn
mojnjormr}xnxonriuxvtj}xnjnuvsxnpx|nsinqxktjnwsnju~rqj}xn
pkjkqsrvjnsmusqrj~nsinrkmtrtor}xnpkjkqsrvjnu~rqj|nsinkxisnwxn
ZBCEMF\GFCEKa@KLNHIB@LNLN@TKON@KF@C@PPa]@LK@22a
@B@bD@^NOBMKD@CIB@NTOFZNLBD@CN@VBMUN@LB@FCZFDB@@LB@ZNTGE@
LKDEK@NMEFWB]@NTcD@2@LGhKCEBD@K@DKEKCEN@LFND@LK@DKG@LKTcDFEB@CN@
ZBCEN@LK@gGK@EMNEN@B@@B@LKDEK@NMEFWB]@LKDEFCNMfDKfIB@NB@JA@K@DKMIB@
j~xqjwxmnsinqjtsxvrjnwsnuvxvjij}xnsmusqpqjnwskxirkjwjn
JGCLB@KEBMFNO@LB@?GLFB^FDGNOa@KLNHIB@LNLN@TKON@KF@C@PPa]@
LK@22a
@B@bD@^NOBMKD@TMK^FDEBD@CB@FCZFDB@@LB@ZNTGE@LKDEK@NMEFWB@
CIB@TBLKMIB@DKM@NTOFZNLBD@KU@B\MND@NGLFB^FDGNFD@LK@CNEGMKhN@
TG\OFZFEeMFNa@KLNHIB@LNLN@TKON@KF@C@PPa]@LK@22a
@B@?@OF\KMNHIB@LBD@^NOBMKD@LKTBDFENLBD@CN@ZBCEN@LK@NTOFZNHIB@
pkjkqsrvjnsmusqrj~npqjnqxkwrqrxkjwjnnrktsvj~rj}xnwsnus~xn
UKCBD@2 @ZFCgGKCEN@TBM@ZKCEB@LBD@MKZGMDBD@NTMB^NLBD@TNMN@N@
MKNOFhNHIB@LB@TMBKEBa@
@B@bD@TMBKEBD@TMBLGhFLBD@ZBU@BD@MKZGMDBD@LK@gGK@EMNEN@B@
FCZFDB@@LB@ZNTGE@LKDEK@NMEFWB@TBLKMIB@GEFOFhNMfDK@LBD@FCZKCEF^BD@
TMK^FDEBD@CN@KF@C@RaR]@LK@2@LK@GO_B@LK@PQQ]@K@CN@KF@C@RaP]@
LK@@LK@LKhKU\MB@LK@PQQP]@OFUFENLBD@N@Q @CB^KCEN@K@ZFCZB@TBM@
ZKCEB@LB@EBENO@LB@BMHNUKCEB@NTMB^NLB@TKON@?CZFCK@TNMN@B@TMBKEBa@
KLNHIB@LNLN@TKON@KF@C@PPa]@LK@22a
@f@ND@_FTcEKDKD@TMK^FDEND@TKOB@FCZFDB@@LB@NMEa@]@gGNCLB@
BZBMMKM@B@VNEB@WKMNLBM@LK@gGK@EMNEN@B@FCZFDB@@LB@UKDUB@NMEFWB]@KU@
MKONHIB@`@UKDUN@B\MN@NGLFB^FDGNO@TG\OFZFEeMFN]@TNMN@B@DKWUKCEB@
LK@UKMZNLB@LK@ZBUGCFZNHIB@KOKEMYCFZN@LK@UNDDN@TBM@NDDFCNEGMNa@
CZOGLB@TKON@KF@C@PaQQ]@LK@2P
vtnnmnyj~xvsmnwjn99npqjinvsworwxmnj
nnyrktsnuxvnqsktx|nojkwxnmsntvjtjvnwsnxvjnqrksijtxvpqjnxon
yrwsxxkxvpqjnk}xnuo~rqrtvrjnvjmr~srvj
@f@EMFCEN@TBM@ZKCEB]@gGNCLB@DK@EMNENM@LK
N@B\MND@NGLFB^FDGNFD@LKDEFCNLND@NB@DKWUKCEB@LK@UKMZNLB@LK@
DNOND@LK@KSF\FHIB@gGK@DKNU@KSTOBMNLND@ZBU@NE@@DKFD@ZcTFND@
nxvjmnqrksijtxvpqjmnsnyrwsxxkxvpqjmnwsmtrkjwjmnn
^KFZGONHIB@KU@DKM^FHBD@LK@MNLFBLFVGDIB@LK@DBCD@K@FUNWKCD@K@ZGN@
TMBLGHIB@EKC_N@DFLB@MKNOFhNLN@UNFD@LK@^FCEK@NCBD@NCEKD@LB@MKWFDEMB@
LB@ZBCEMNEB@CB@?A
@fa@K^BWNLB@f@^FLK@KF@C@P2a]@LK@Paa22
@f@P2 @LKh@TBM@ZKCEB]@gGNCLB@DK@EMNENM@LK@B\MN@TG\OFZFEeMFN@
\MNDFOKFMN@MKNOFhNLN@TBM@UFZMBKUTMKDN@BG@KUTMKDN@LK@TKgGKCB@
uxvts|nmsokwxnjmnwspkrsmnwxnNMEa@B@LN@KF@ABUTOKUKCENM@CB@
P]@LK@P@LK@LKhKU\MB@LK@22]@ZBU@ZGDEB@CIB@DGTKMFBM@N@@
P2a222]22@LKh@UFO@MKNFD]@ZBCVBMUK@MKWGONUKCEB@LN@?CZFCKa@
CZOGLB@TKON@KF@C@PaQQ]@LK@2P
pX%$n@
"n%9"nn99 9Xnn9"X@
9 Xn99$nn%99"
?MEa@ Pa@ bD@ JGCLBD@ LK@ JFCNCZFNUKCEB@ LN@ CLDEMFN@
rksijtxvpqjn9jqrxkj~nn%99"nmsv}xnqxkmtrtowxmnmxn
N@VBMUN@LK@ZBCLBUCFB@VKZ_NLB]@DKU@TKMDBCNOFLNLK@GMLFZN]@K@
jwirkrmtvjwxmnuxvnrkmtrtor}xnpkjkqsrvjnjotxvrjwjnjnokqrxkjvn


us~xnjkqxnsktvj~nwxnvjmr~nxonuxvnj3kqrjmnsnjkqxmnwsn
LKDKC^BO^FUKCEBa@KLNHIB@LNLN@TKON@KF@C@PPa]@LK@22a
@PB@b@TNEMFUYCFB@LBD@JA@DKMe@MKTMKDKCENLB@TBM@
gGBEND@KUFEFLND@DB\@N@VBMUN@KDZMFEGMNO]@NOFKCNLND@NB@T\OFZB@ZBU@N@
FCEKMUKLFNHIB@LN@FCDEFEGFHIB@NLUFCFDEMNLBMN@LB@JGCLBa
@B@?@NLUFCFDEMNLBMN@DKMe@MKDTBCDe^KO@TBM@EBLND@ND@B\MFWNHzKD@
LB@JGCLB]@FCZOGDF^K@ND@LK@ZNMeEKM@EMF\GEeMFBa
vtnnxiustsnnxirmm}xnwsnj~xvsmn xr~rvrxmn
jotxvrjv|nwrmqru~rkjvnsnpmqj~rjvnjnqxkmtrtor}x|nxnokqrxkjisktxn
K@N@NLUFCFDEMNHIB@LBD@JA]@B\DKM^NLND@ND@LFDTBDFHzKD@
wsmtjn swrwjnvxyrmvrjnsnjmnkxvijmnju~rqysrmnjxmnokwxmnwsn
FC^KDEFUKCEBa
jvvjxn krqxn n xirmm}xn wsn j~xvsmn xr~rvrxmn
ZBUGCFZNMe@N@ZBCDEFEGFHIB@LBD@JA]@\KU@ZBUB@ND@
MKDTKZEF^ND@NLUFCFDEMNLBMND@`@?Aa
?MEa@a@bD@MKZGMDBD@ZNTENLBD@TKOBD@JA@DKMIB@
NTOFZNLBD]@CN@VBMUN@LB@MKWGONUKCEB]@KU@TMBKEBD@K@TMBWMNUND@gGK]@
NEKCLKCLB@NBD@ZMFEMFBD@K@LFMKEMFhKD@KDEN\KOKZFLBD@TKON@?A]@
DKNU@LKDEFCNLBD@N
@f@TMBKEBD@LK@TMBLGHIB@LK@B\MND@NGLFB^FDGNFD@\MNDFOKFMND@
FCLKTKCLKCEKD@MKNOFhNLND@TBM@KUTMKDND@TMBLGEBMND@\MNDFOKFMND@
KLNHIB@LNLN@TKON@KF@C@PPa]@LK@22a
@f@ZBCDEMGHIB]@MKVBMUN@K@MKZGTKMNHIB@LND@DNOND@LK@KSF\FHIB@
LK@TMBTMFKLNLK@LK@KUTMKDND@\MNDFOKFMND@KLNHIB@LNLN@TKON@KF@C@
PPa]@LK@22a
@f@NgGFDFHIB@LK@NHzKD@LK@KUTMKDND@\MNDFOKFMND@TNMN@TMBLGHIB]@
ZBUKMZFNOFhNHIB]@LFDEMF\GFHIB@K@KSF\FHIB@LK@B\MND@NGLFB^FDGNFD@
\MNDFOKFMND@LK@TMBLGHIB@FCLKTKCLKCEK]@\KU@ZBUB@TNMN@TMKDENHIB@
wsnmsvyrxmnwsnrkvjsmtvotovjnqrksijtxvpqxmnsnjowrxyrmojrmn
KLNHIB@LNLN@TKON@KF@C@PPa]@LK@22a
@ f@ TMBKEBD@ LK@ ZBUKMZFNOFhNHIB@ K@ LFDEMF\GFHIB@ LK@
xvjmnjowrxyrmojrmnqrksijtxvpqjmnvjmr~srvjmnwsnuvxwo}xn
FCLKTKCLKCEK@MKNOFhNLBD@TBM@KUTMKDND@\MNDFOKFMND@K@KLNHIB@LNLN@
TKON@KF@C@PPa]@LK@22a
@f@TMBKEBD@LK@FCVMNKDEMGEGMN@MKNOFhNLBD@TBM@KUTMKDND@
\MNDFOKFMNDa@CZOGLB@TKON@KF@C@PPa]@LK@22a
@PB@{NMN@KVKFEB@LN@NTOFZNHIB@LBD@MKZGMDBD@LBD@JGCZFCKD]@ND@
KUTMKDND@LK@MNLFBLFVGDIB@LK@DBCD@K@FUNWKCD@K@ND@TMKDENLBMND@
LK@DKM^FHBD@LK@EKOKZBUGCFZNHzKD@CIB@TBLKMIB@LKEKM@B@ZBCEMBOK@
NZFBCeMFB@LND@KUTMKDND@MKVKMFLND@CB@FCZFDB@@LB@ZNTGE@LKDEK@
NMEFWBa@KLNHIB@LNLN@TKON@KF@C@PPa]@LK@22a
@B@bD@JGCZFCKD@LK^KMIB@UNCEKM]@CB@UCFUB]@Q2 @CB^KCEN@
TBM@ZKCEB@LB@DKG@TNEMFUYCFB@NTOFZNLBD@KU@KUTMKKCLFUKCEBD@
LND@KDTZFKD@KCGUKMNLND@CKDEK@NMEFWB]@B\DKM^NLBD]@KU@MKONHIB@
N@ZNLN@KDTZFK@LK@LKDEFCNHIB]@BD@TKMZKCEGNFD@UCFUBD@N@DKMKU@
KDEN\KOKZFLBD@KU@MKWGONUKCEBa@KLNHIB@LNLN@TKON@KF@C@PPa]@
LK@22a
@B@?@TNMZKON@LB@TNEMFUYCFB@LB@JGCLB@CIB@ZBUTMBUKEFLN@ZBU@
ND@NTOFZNHzKD@LK@gGK@EMNEN@KDEK@NMEFWB]@DKMe@ZBCDEFEGLN@TBM@EEGOBD@
sirtrwxmnus~xnXsmxovxn9jqrxkj~nxonus~xnjkqxnsktvj~nwxnvjmr~
@B@@^KLNLN@N@NTOFZNHIB@LK@MKZGMDBD@LK@JA@KU@
TMBKEBD@gGK@EKC_NU@TNMEFZFTNHIB@UNBMFEeMFN@LK@gGBEFDEN@LB@
TMcTMFB@JGCLBa
@B@?D@B\MND@NGLFB^FDGNFD@LK@CNEGMKhN@TG\OFZFEeMFN]@KDTBMEF^N@
xonxvkj~mtrqjnk}xnuxwsinmsnskspqrjvnwsnvsqovmxmnwxmnokqrksmn
xonwxn9nj~xqjwxmnkjnqjtsxvrjnwsnuvxvjij}xnsmusqpqjn
JGCLB@KEBMFNO@LB@?GLFB^FDGNOa@KLNHIB@LNLN@TKON@KF@C@PPa]@
LK@22a
@Bnmnxvjmnqrksijtxvpqjmnsnyrwsxxkxvpqjmnuvxworwjmn
qxinvsqovmxmnwxmn%99"ntsv}xnmsonqxvtsnsnswr}xnpkjrmn
NTMB^NLBD@TNMN@KSF\FHIB@TKOB@DKG@LFMKEBM@K@TMBLGEBM@MKDTBCDe^KO@
TMFCZFTNOa@
V1

@B@BD@ZNDBD@LB@FCZFDB@@LB@ZNTGE@LKDEK@NMEFWB]@B@TMBKEB@
LK^KMe@ZBCEKUTONM@N@WNMNCEFN@LK@LFDEMF\GFHIB@BG@LFVGDIB@LND@B\MNDa@
KLNHIB@LNLN@TKON@KF@C@PPa]@LK@22a
@RBnjvjnxmnpkmnwsmtsnjvtrx|nju~rqjmsnjnwspkr}xnwsnsiuvsmjn
\MNDFOKFMN@ZBCDENCEK@CB@@PB@LB@NMEa@PBnwsmtjn swrwjnvxyrmvrjn
CZOGLB@TKON@KF@C@PPa]@LK@22a
?MEa@a@?E@B@TKMBLB@LK@NTGMNHIB@MKONEF^B@NB@NCBfZNOKCLeMFB@
LK@2P]@FCZOGDF^K]@ND@TKDDBND@VDFZND@K@GMLFZND@EMF\GENLND@TKOB@
OGZMB@MKNO@TBLKMIB@LKLGhFM@LB@FUTBDEB@LK@MKCLN@LK^FLB@ND@gGNCEFND@
NTOFZNLND@CN@NgGFDFHIB@LK@ZBEND@LBD@JGCZFCKDa@KLNHIB@LNLN@TKON@
KF@C@PPa]@LK@22a
@PB@?@LKLGHIB@MKVKMFLN@CB@ZNTGE@LKDEK@NMEFWB@TBLK@DKM@GEFOFhNLN@
LK@VBMUN@NOEKMCNEF^N@BG@ZBCGCEN@ZBU@N@MKVKMFLN@CBD@NMEDa@P@K@Pf?@
LN@KF@C@RaR]@LK@2@LK@GO_B@LK@PQQa@CZOGLB@TKON@KF@C@
PPa]@LK@22a
@B@B@ZNDB@LND@TKDDBND@VDFZND]@N@LKLGHIB@TMK^FDEN@CB@
qjuotnwsmtsnjvtrxnpqjnmosrtjnjxn~rirtsnwsn nmsrmnuxvnqsktxn
ZBCGCENUKCEK@ZBU@ND@LKLGHzKD@LK@gGK@EMNEN@B@NMEa@@LN@KF@C@
Qa]@LK@P2@LK@LKhKU\MB@LK@PQQa@CZOGLB@TKON@KF@C@PPa]@
LK@22a
@B@BUKCEK@DIB@LKLGE^KFD@LB@FUTBDEB@LK^FLB@ND@gGNCEFND@
NTOFZNLND@CN@NgGFDFHIB@LK@ZBEND@LBD@JGCZFCKD@CZOGLB@TKON@KF@
C@PPa]@LK@22a
@f@TKON@TKDDBN@VDFZN]@CB@NCBfZNOKCLeMFB@N@gGK@DK@MKVKMFM@N@
LKZONMNHIB@LK@NGDEK@NCGNO@CZOGLB@TKON@KF@C@PPa]@LK@22a
@f@TKON@TKDDBN@GMLFZN]@CB@MKDTKZEF^B@TKMBLB@LK@NTGMNHIB@LK@
FUTBDEBa@CZOGLB@TKON@KF@C@PPa]@LK@22a
?MEa@a@?@LKLGHIB@LK@gGK@EMNEN@B@NMEa@@FCZFLFMe@DB\MK@B@
FUTBDEB@LK^FLB@
@f@CB@EMFUKDEMK@N@gGK@DK@MKVKMFMKU@BD@FC^KDEFUKCEBD]@TNMN@ND@
TKDDBND@GMLFZND@gGK@NTGMNU@B@OGZMB@MKNO@EMFUKDEMNO
@f@CB@NCBfZNOKCLeMFB]@TNMN@ND@TKDDBND@GMLFZND@gGK]@EKCLB@
BTENLB@TKOB@MKZBO_FUKCEB@LB@FUTBDEB@TBM@KDEFUNEF^N]@NTGMNU@B@
OGZMB@MKNO@NCGNOa
@f@CB@NCBfZNOKCLeMFB]@ZBCVBMUK@NGDEK@KU@LKZONMNHIB@NCGNO@
LK@MKCLFUKCEBD@TNMN@N@TKDDBN@VDFZNa@CZOGLB@TKON@KF@C@PPa]@
LK@22a
@PB@U@gGNOgGKM@_FTcEKDK]@CIB@DKMe@LKLGE^KO@N@TKMLN@NTGMNLN@
CN@NOFKCNHIB@LND@ZBEND@LBD@JGCZFCKDa@KLNHIB@LNLN@TKON@KF@C@
PPa]@LK@22a
@B@?@LKLGHIB@TMK^FDEN@CKDEK@NMEFWB@KDEe@OFUFENLN@N@ @EMD@
TBM@ZKCEB@LB@FUTBDEB@LK^FLB@TKOND@TKDDBND@GMLFZND@K@LK^KMe@
B\DKM^NM@B@OFUFEK@TMK^FDEB@CB@FCZFDB@@LB@ZNTGE@LB@NMEa@@LN@KF@
C@Qa]@LK@P2@LK@LKhKU\MB@LK@PQQa@KLNHIB@LNLN@TKON@KF@C@
PPa]@LK@22a
@B@@K^BWNLB@TKON@KF@C@PPa]@LK@22a
@B@?@TKDDBN@GMLFZN@gGK@NOFKCNM@ND@ZBEND@LBD@JGCZFCKD@DBUKCEK@
TBLKMe@ZBCDFLKMNM@ZBUB@ZGDEB@LK@NgGFDFHIB]@CN@LKEKMUFCNHIB@LB@
WNC_B@LK@ZNTFENO]@BD@^NOBMKD@LKLGhFLBD@CN@VBMUN@LB@ZNTGE@LKDEK@
NMEFWB@CN@_FTcEKDK@KU@gGK@N@NOFKCNHIB@BZBMMN@NTcD@@ZFCZB@NCBD@LN@
LNEN@LK@DGN@NgGFDFHIBa@KLNHIB@LNLN@TKON@KF@C@PPa]@LK@22a
@B@U@gGNOgGKM@_FTcEKDK]@CIB@DKMe@LKLGE^KO@N@TKMLN@NTGMNLN@
CN@NOFKCNHIB@LND@gGBEND@LBD@JAa
@B@@K^BWNLB@TKON@KF@C@PPa]@LK@22a
?MEa@a@bD@MKCLFUKCEBD@K@WNC_BD@OgGFLBD@K@LK@ZNTFENO@
josvrwxmnus~jnqjvtsrvjnwsn%99"npqjinrmsktxmnwxnriuxmtxn
LK@MKCLNa
@PB@bD@MKCLFUKCEBD]@BD@WNC_BD@LK@ZNTFENO@K@BD@WNC_BD@OgGFLBD@
LKZBMMKCEKD@LK@NTOFZNHIB@KU@JA@DGKFENUfDK@`D@CBMUND@
EMF\GEeMFND@NTOFZe^KFD@NBD@LKUNFD@^NOBMKD@UB\FOFeMFBD@CB@UKMZNLB@
LK@ZNTFENFDa


@B@bZBMMKCLB@MKDWNEK@LK@gGBEND@LK@JA]@KU@
LKZBMMCZFN@LB@EMUFCB@LB@TMNhB@LK@LGMNHIB@BG@LN@OFgGFLNHIB@LB@
VGCLB]@DB\MK@B@MKCLFUKCEB@LB@gGBEFDEN]@ZBCDEFEGLB@TKON@LFVKMKCHN@
TBDFEF^N@KCEMK@B@^NOBM@LK@MKDWNEK@K@B@ZGDEB@LK@NgGFDFHIB@LND@gGBEND]@
FCZFLFMe@FUTBDEB@LK@MKCLN@CN@VBCEK@`@NOgGBEN@LK@^FCEK@TBM@ZKCEBa
pX%$n@
"n "n99X"
?MEa@a@ABUB@UKZNCFDUBD@LK@VBUKCEB@LK@NEF^FLNLKD@
jowrxyrmojrm|n pqjin rkmtrtowxm|n qxkxvisn kxvijmn jn msvsin
KSTKLFLND@TKON@?CZFCK@KLNHIB@LNLN@TKON@KF@C@PPa]@LK@
22a
@f@B@{MBWMNUN@LK@?TBFB@NB@KDKC^BO^FUKCEB@LB@AFCKUN@
vjmr~srvxnn9|nwsmtrkjwxnjxnxisktxnwsnuvxstxmnwsn
TMBLGHIB@FCLKTKCLKCEK]@LFDEMF\GFHIB]@ZBUKMZFNOFhNHIB@K@KSF\FHIB@
TBM@KUTMKDND@\MNDFOKFMND@CZOGLB@TKON@KF@C@PPa]@LK@22a
@f@B@{MBWMNUN@LK@?TBFB@NB@KDKC^BO^FUKCEB@LB@?GLFB^FDGNO@
vjmr~srvxnn|nwsmtrkjwxnjxnxisktxnwsnuvxstxmnwsn
TMBLGHIB]@TMBWMNUNHIB]@LFDEMF\GFHIB]@ZBUKMZFNOFhNHIB@K@KSF\FHIB@
LK@B\MND@NGLFB^FDGNFD@\MNDFOKFMND@LK@TMBLGHIB@FCLKTKCLKCEK@
CZOGLB@TKON@KF@C@PPa]@LK@22a
@ f@ B@ {MBWMNUN@ LK@?TBFB@ NB@ KDKC^BO^FUKCEB@ LN@
CVMNKDEMGEGMN@LB@AFCKUN@K@LB@?GLFB^FDGNO@f@{fJ?]@
LKDEFCNLB@NB@VBUKCEB@LK@TMBKEBD@LK@FCVMNKDEMGEGMN@EZCFZN@TNMN@
jnjtryrwjwsnqrksijtxvpqjnsnjowrxyrmoj~nsnwsnwsmskyx~yrisktx|n
NUTOFNHIB@K@UBLKMCFhNHIB@LBD@DKM^FHBD@K@\KCD@LK@ZNTFENO@LK@
siuvsmjmnvjmr~srvjmnsnuvxpmmrxkjrmnjotkxixmnosnjtskwjinmn
CKZKDDFLNLKD@EKZCBOcWFZND@LND@TMBLGHzKD@NGLFB^FDGNFD@\MNDFOKFMNDa@
CZOGLB@TKON@KF@C@PPa]@LK@22a
@PB@bD@MKZGMDBD@LB@{bA@TBLKMIB@DKM@B\KEB@LK@
ju~rqj}xnjnokwxnusvwrwx|nkxmnqjmxmnsmusqpqxmnuvsyrmtxmnkxn
MKWGONUKCEBa
@B@?@?CZFCK@KDEN\KOKZKMe@ZMFEMFBD@K@LFMKEMFhKD@WKMNFD@TNMN@N@
ju~rqj}xnsnjnpmqj~rj}xnwxmnvsqovmxmnwxmnvxvjijmnvssvrwxmnkxn
ZNTGE@LKDEK@NMEFWBa@KLNHIB@LNLN@TKON@KF@C@PPa]@LK@22a
?MEa@Ra@IB@VBCEKD@LK@MKZGMDBD@LBD@{MBWMNUND@LK@gGK@EMNEN@B@
jvtnnwsmtjn swrwjnvxyrmvrjnKLNHIB@LNLN@TKON@KF@C@PPa]@
LK@22a
@f@TKMZKCEGNO@LB@TMBLGEB@LN@NMMKZNLNHIB@LN@ABCEMF\GFHIB@
ujvjnxnsmskyx~yrisktxnwjnkwmtvrjnrksijtxvpqjn9jqrxkj~nn
AbA
@f@B@TMBLGEB@LN@NMMKZNLNHIB@LK@UGOEND@K@GMBD]@LKZBMMKCEKD@LB@
wsmqoiuvrisktxnwjmnkxvijmnwsnpkjkqrjisktxnus~xmnskspqrvrxmn
LBD@MKZGMDBD@LB@{bA
nnjnvsioksvj}xnwxmnpkjkqrjisktxmnqxkqswrwxm
nnjmnwxjsmnsnxotvxmnjuxvtsmnk}xnsmusqrpqjwxm
@f@ND@LBENHzKD@ZBCDFWCNLND@CBD@BMHNUKCEBD@LN@CFIB]@LBD@
mtjwxm|nwxnrmtvrtxnswsvj~nsnwxmn okrqurxm
?MEa@Qa@b@N\NEFUKCEB@LB@FUTBDEB@LK@MKCLN@CN@VBCEK]@LK@gGK@B@
EMNEN@NMEa@B@LN@KF@CB@RaR]@LK@PQQ]@NTOFZNMfDKfe]@KSZOGDF^NUKCEK]@
N@TMBKEBD@TMK^FNUKCEK@NTMB^NLBD@TKON@?A]@CN@VBMUN@LB@
MKWGONUKCEB]@B\DKM^NLB@B@LFDTBDEB@CB@NMEa@a
{NMeWMNVB@CFZBa@?@BTHIB@TKOB@\KCKVZFB@TMK^FDEB@CB@@
NVNDEN@N@FCZFLCZFN@LB@LFDTBDEB@CB@@Bnwxnjvtnnwsmtjn swrwjn
{MB^FDcMFNa
?MEa@2a@?D@LKLGHzKD@TMK^FDEND@CB@NMEa@P@LN@KF@C@RaR]@LK@
2@LK@GO_B@LK@PQQ|npqjinuvxvvxjwjmnjtnxnssvqqrxnwsn
|n
rkq~omrys|nwsyskwxnxmnuvxstxmnjnmsvsinskspqrjwxmnuxvnsmmsmn
V7

FCZKCEF^BD@DKM@TMK^FNUKCEK@NTMB^NLBD@TKON@?CZFCKa@KLNHIB@LNLN@
TKON@KF@C@Pa]@LK@2P2
?MEa@Pa@K^BWNLB@TKON@KF@C@PPa]@LK@22a
?MEa@a@?@TNMEFM@LK@PB@LK@NCKFMB@LK@22]@N@NOCKN@XN[@LB@FCZFDB@
@LB@NMEa@B@LN@KF@CB@RaP]@LK@@LK@LKhKU\MB@LK@PQQP]@TNDDNMe@N@
^FWBMNM@ZBU@N@DKWGFCEK@MKLNHIB
XNnuvxwo}xnwsnwrmqxm|nywsxm|nxvjmnqrksijtxvpqjmnwsn
qovtjnsniwrjnistvjsinsnp~ismnwxqoisktjrm|nuvsmsvyj}xnwxn
jqsvyxnqrksijtxvpqxnsinjmmrinwsnxotvjmnxvjmnwsnvsuvxwo}xn
yrwsxxkxvpqjnwsnqjvtsvnqo~tovj~sn9
{NMeWMNVB@CFZBa@b@ABCDKO_B@GTKMFBM@LB@AFCKUN@TBLKMe@
NCEKZFTNM@N@KCEMNLN@KU@^FWBM@LB@LFDTBDEB@CKDEK@NMEFWBa
?MEa@a@b@@B@LB@NMEa@PR@LN@KF@CB@RaP]@LK@PQQP]@TNDDN@N@
^FWBMNM@ZBU@N@DKWGFCEK@MKLNHIB@
X?MEa@PRa@aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
@B@?D@LBNHzKD@K@BD@TNEMBZCFBD@CN@TMBLGHIB@ZGOEGMNO]@N@gGK@DK@
MKVKMK@B@@PB]@NEKCLKMIB@KSZOGDF^NUKCEK@NBD@DKWGFCEKD@DKWUKCEBD
N@NMEKD@ZCFZND
\@OF^MBD@LK@^NOBM@NMEDEFZB]@OFEKMeMFB@BG@_GUNCDEFZB
Z@UDFZN@KMGLFEN@BG@FCDEMGUKCENO
L@KSTBDFHzKD@LK@NMEKD@^FDGNFD
K@LBNHzKD@LK@NZKM^BD@TNMN@\F\OFBEKZND@T\OFZND]@UGDKGD]@
NMgGF^BD@T\OFZBD@K@ZFCKUNEKZND]@\KU@ZBUB@EMKFCNUKCEB@LK@
TKDDBNO@K@NgGFDFHIB@LK@KgGFTNUKCEBD@TNMN@N@UNCGEKCHIB@LKDDKD@
NZKM^BD
nuvxwo}xnwsnxvjmnqrksijtxvpqjmnsnyrwsxxkxvpqjmn
LK@ZGMEN@K@ULFN@UKEMNWKU@K@TMKDKM^NHIB@K@LFVGDIB@LB@NZKM^B@
NGLFB^FDGNO@K
W@TMKDKM^NHIB@LB@TNEMFUYCFB@ZGOEGMNO@UNEKMFNO@K@FUNEKMFNOa[@

?MEa@a@JFZN@FCDEFEGLB@B@{MUFB@? LFZFBCNO@LK@KCLN]@ZNOZGONLB@
mxvsnjmnvskwjmnwsnr~lstsvrjmnjosvrwjmnus~jnxvjnqrksijtxvpqjn
LK@OBCWN@UKEMNWKU@\MNDFOKFMN@LK@TMBLGHIB@FCLKTKCLKCEK]@gGK@DKMe@
ZBCZKLFLB@N@TMBLGEBMKD]@LFDEMF\GFLBMKD@K@KSF\FLBMKD]@CN@VBMUN@gGK@
LFDTGDKM@B@MKWGONUKCEBa
?MEa@a@{BM@GU@TMNhB@LK@^FCEK@NCBD]@ZBCENLBD@N@TNMEFM@LK@@
LK@DKEKU\MB@LK@22P]@ND@KUTMKDND@TMBTMFKEeMFND]@OBZNEeMFND@BG@
NMMKCLNEeMFND@LK@DNOND]@KDTNHBD@BG@OBZNFD@LK@KSF\FHIB@T\OFZN@
qxisvqrj~nsrrv}xnxvjmnqrksijtxvpqjmnvjmr~srvjmnwsn~xkjn
istvjsi|nuxvnoinkisvxnwsnwrjmnpjwx|njkoj~iskts|nuxvnwsqvstx|n
BG^FLND@ND@KCEFLNLKD@MKTMKDKCENEF^ND@LBD@TMBLGEBMKD]@LFDEMF\GFLBMKD@
K@KSF\FLBMKDa
@PBnnsrr}xnwsnxvjmnqrksijtxvpqjmnvjmr~srvjmnjvmsn
TMBTBMZFBCNOUKCEK]@CB@DKUKDEMK]@TBLKCLB@B@KSF\FLBM@NCEKZFTNM@N@
TMBWMNUNHIB@LB@DKUKDEMK@DKWGFCEKa
@B@?@?A@NVKMFMe]@DKUKDEMNOUKCEK]@B@ZGUTMFUKCEB@LB@
LFDTBDEB@CKDEK@NMEFWBa@
@Bnmnxvjmnqrksijtxvpqjmnsnxmnts~sp~ismnosnxvsin
KSF\FLBD@KU@UKFBD@KOKEMYCFZBD@NCEKD@LN@KSF\FHIB@ZBUKMZFNO@KU@
mj~jmnk}xnmsv}xnqxiuotjwxmnujvjnpkmnwxnqoiuvrisktxnwxnwrmuxmtxn
CB@a@
?MEa@a@{BM@GU@TMNhB@LK@^FCEK@NCBD]@ZBCENLBD@N@TNMEFM@LK@
@LK@DKEKU\MB@LK@22P]@ND@KUTMKDND@LK@LFDEMF\GFHIB@LK@^LKB@
LBUDEFZB@LK^KMIB@EKM@GU@TKMZKCEGNO@NCGNO@LK@B\MND@\MNDFOKFMND@
qrksijtxvpqjmnsnyrwsxxkxvpqjmnsktvsnmsomntto~xm|nxvrjkwx
DK@N@ONCHefOND@ZBUKMZFNOUKCEKa@


{NMeWMNVB@CFZBa@b@TKMZKCEGNO@LK@ONCHNUKCEBD@K@EEGOBD@N@gGK@
msnvssvsnsmtsnjvtrxnmsvnpjwxnjkoj~isktsnuxvnwsqvstx|nxoyrwjmn
ND@KCEFLNLKD@LK@ZNMeEKM@CNZFBCNO@MKTMKDKCENEF^ND@LND@NEF^FLNLKD@LK@
uvxwo}x|nwrmtvror}xnsnqxisvqrj~rj}xnwsnxvjmnqrksijtxvpqjmn
snyrwsxxkxvpqjm
?MEa@a@{BLKMe@DKM@KDEN\KOKZFLB]@TBM@OKF]@N@B\MFWNEBMFKLNLK@
wsnysrqo~j}xnwsnxvjmnqrksijtxvpqjmnsnyrwsxxkxvpqjmn
\MNDFOKFMND@LK@TMBLGHIB@FCLKTKCLKCEK@KU@BGEMBD@DKWUKCEBD@LK@
UKMZNLB@NOU@LNgGKOKD@FCLFZNLBD@CBD@NMEDa@@K@a
pX%$n>@
?@{??
?MEa@Ra@?D@KUTMKDND@KSF\FLBMND]@ND@LFDEMF\GFLBMND@K@OBZNLBMND@
LK@^LKB]@LK^KMIB@DKM@NGEGNLND@TKON@?A@CBD@ZNDBD@LK@CIB@
qoiuvrisktxnwjmnwrmuxmrsmnwsmtjn swrwjnvxyrmvrj
jvvjxnkrqxnxkmtrtornsijvjxnnpmqj~rj}x|nmosrtjkwxn
B@FCVMNEBM@`@TKCN@TMK^FDEN@CB@ZNTGE@LB@NMEa@2@KLNHIB@LNLN@TKON@
KF@C@PaQQ]@LK@2P
@f@FUTBDFHIB@LK@B\DEeZGOBD@NB@OF^MK@NZKDDB@LBD@NWKCEKD@LN@
kqrksnmnsktrwjwsmnpmqj~rjwjmnsnKLNHIB@LNLN@TKON@KF@C@
PaQQ]@LK@2P
@f@B@CIB@NEKCLFUKCEB@LN@MKgGFDFHIB@LK@NMgGF^BD@BG@
LBZGUKCEBD@ZBUTMB\NEcMFBD@LB@ZGUTMFUKCEB@LND@ZBEND@OKWNFD@LK@
KSF\FHIB@K@LND@B\MFWNHzKD@EMF\GEeMFND@MKONEF^ND@NB@MKZBO_FUKCEB@LN@
ABCLKZFCKa@KLNHIB@LNLN@TKON@KF@C@PaQQ]@LK@2P
?MEa@Qa@b@LKDZGUTMFUKCEB@LN@B\MFWNEBMFKLNLK@LK@gGK@EMNEN@
B@NMEa@@DGKFENMe@B@FCVMNEBM@N@UGOEN@ZBMMKDTBCLKCEK@N@ @ZFCZB@
TBM@ZKCEB@LN@MKZKFEN@\MGEN@ULFN@LFeMFN@LK@\FO_KEKMFN@LB@ZBUTOKSB]@
NTGMNLN@CB@NCB@LN@FCVMNHIB]@UGOEFTOFZNLN@TKOB@CUKMB@LK@LFND@LB@
LKDZGUTMFUKCEBa@KLNHIB@LNLN@TKON@KF@C@PaQQ]@LK@2P
@PB@K@N@MKZKFEN@\MGEN@LK@\FO_KEKMFN@LB@ZBUTOKSB@CIB@TGLKM@
DKM@NTGMNLN]@DKMe@NTOFZNLB@UGOEN@CB@^NOBM@LK@@P22]22@ZKU@MKNFD@
TBM@LFN@LK@LKDZGUTMFUKCEB@UGOEFTOFZNLB@TKOB@CUKMB@LK@DNOND@LB@
ZBUTOKSBa@KLNHIB@LNLN@TKON@KF@C@PaQQ]@LK@2P
@B@?@UGOEN@TMK^FDEN@CKDEK@NMEFWB@LK^KMe@MKDTKFENM@B@OFUFEK@
UeSFUB@KDEN\KOKZFLB@CB@ZNTGE@LB@NMEa@2a@KLNHIB@LNLN@TKON@KF@
C@PaQQ]@LK@2P
?MEa@2a@b@LKDZGUTMFUKCEB@NB@LFDTBDEB@CBD@NMEDa@P@N@PQ]@P]@@
jn|nZ|n#|n
nsnnwsmtjn swrwjnvxyrmvrjnmosrtjnxmnrkvjtxvsmn
N@UGOEND@LK@@a222]22@LBFD@UFO@MKNFD@N@@a222a222]22@LBFD@
UFO_zKD@LK@MKNFD]@CN@VBMUN@LB@MKWGONUKCEBa
@PB@K^BWNLB@TKON@KF@C@PPa]@LK@22a@
@K^BWNLB@TKON@KF@C@PPa]@LK@22a
@f@K^BWNLB@TKON@KF@C@PPa]@LK@22a
@faK^BWNLB@TKON@KF@C@PPa]@LK@22a
@B@ANDB@CIB@DKN@TBDD^KO@NTGMNM@B@^NOBM@LN@MKZKFEN@\MGEN@
MKVKMFLB@CB@@TBM@VNOEN@LK@FCVBMUNHzKD]@N@?A@NM\FEMefOBfe@
CN@VBMUN@LB@MKWGONUKCEB]@gGK@B\DKM^NMe]@FDBONLN@BG@ZBCGCENUKCEK]@
LKCEMK@BGEMBD]@BD@DKWGFCEKD@ZMFEMFBD
@f@N@MKZKFEN@\MGEN@MKVKMKCEK@NB@OEFUB@TKMBLB@KU@gGK@N@TKDDBN@
GMLFZN@UNCEK^K@KDZMFEGMNHIB@LK@NZBMLB@ZBU@ND@OKFD@ZBUKMZFNFD@K@
pmqjrm|njtoj~rjwxnixkstjvrjiskts
@f@N@DBUN@LBD@^NOBMKD@LB@NEF^B@ZFMZGONCEK]@MKNOFhe^KO@N@OBCWB@
TMNhB@K@TKMUNCKCEK]@KSFDEKCEKD@CB@OEFUB@\NONCHB@TNEMFUBCFNO@
ZBC_KZFLB]@NEGNOFhNLB@UBCKENMFNUKCEK@
@f@B@^NOBM@LB@ZNTFENO@ZBCDENCEK@LB@OEFUB@\NONCHB@TNEMFUBCFNO@
ZBC_KZFLB@BG@MKWFDEMNLB@CBD@NEBD@LK@ZBCDEFEGFHIB@BG@NOEKMNHIB@LN@
DBZFKLNLK]@NEGNOFhNLB@UBCKENMFNUKCEK
V8

@f@B@^NOBM@LB@TNEMFUYCFB@OgGFLB@ZBCDENCEK@LB@OEFUB@\NONCHB@
TNEMFUBCFNO@ZBC_KZFLB]@NEGNOFhNLB@UBCKENMFNUKCEK
@f@B@^NOBM@LND@ZBUTMND@LK@UKMZNLBMFND@KVKEGNLND@CB@UD
@f@N@DBUN]@KU@ZNLN@UD]@LBD@^NOBMKD@LN@VBO_N@LK@TNWNUKCEB@
LBD@KUTMKWNLBD@K@LND@ZBUTMND@LK@UNEMFNDfTMFUND]@TMBLGEBD@
FCEKMUKLFeMFBD@K@UNEKMFNFD@LK@KU\NONWKU
@f@N@DBUN@LBD@^NOBMKD@LK^FLBD@CB@UD@N@KUTMKWNLBD@K
@f@B@^NOBM@UKCDNO@LB@NOGWGKO@LK^FLBa
@B@?TOFZNfDK]@DG\DFLFNMFNUKCEK]@NB@LFDTBDEB@CKDEK@NMEFWB]@ND@
CBMUND@LK@NM\FEMNUKCEB@LK@OGZMB@TMK^FDEND@CB@U\FEB@LN@OKWFDONHIB@
EMF\GEeMFN@VKLKMNOa
@B@bD@^KZGOBD@LK@ZBUGCFZNHIB@gGK@^KFZGONMKU@ZcTFN@
xonxvrrkj~nwsnxvjnqrksijtxvpqjnxonxvjnyrwsxxkxvpqjn
uo~rqrtvrj|nmsinosnqxkmtsnkjnq~jostsnwsnrwsktrpqj}xnxnkisvxn
LB@MKDTKZEF^B@MKWFDEMB@LB@EEGOB]@TNWNMIB@UGOEN@ZBMMKDTBCLKCEK@N@@
EMD@^KhKD@B@^NOBM@LB@ZBCEMNEB@BG@LN@^KFZGONHIBa@
?MEa@Pa@b@LKDZGUTMFUKCEB@LBD@TMBKEBD@KSKZGENLBD@ZBU@
MKZGMDBD@MKZK\FLBD@LB@JA@NOBZNLBD@CN@ZNEKWBMFN@LK@TMBWMNUNHIB@
smusqpqjnwskxirkjwjnokwxn"stxvrj~nwxnowrxyrmoj~nsnwxmn
JGCZFCKD]@N@CIBfKVKEF^NHIB@LB@FC^KDEFUKCEB@BG@N@DGN@MKNOFhNHIB@
KU@LKDNZBMLB@ZBU@B@KDENEGLB@FUTOFZN@N@LK^BOGHIB@LBD@MKZGMDBD@
NZMKDZFLBD@LK@KLNHIB@LNLN@TKON@KF@C@PPa]@LK@22a
@f@GMBD@UBMNEcMFBD@KgGF^NOKCEKD@`@ENSN@MKVKMKCZFNO@LB@FDEKUN@
KDTKZFNO@LK@FgGFLNHIB@K@AGDEcLFN@f@A]@TNMN@EEGOBD@VKLKMNFD]@
NZGUGONLBD@UKCDNOUKCEK]@ZNOZGONLBD@N@TNMEFM@LB@TMFUKFMB@LFN@LB@
UD@DG\DKg6KCEK@NB@LB@MKZK\FUKCEB@LBD@MKZGMDBD@NE@B@UD@NCEKMFBM@
NB@LB@TNWNUKCEB@K@LK@GU@TBM@ZKCEB@CB@UD@LB@TNWNUKCEB
@f@UGOEN@LK@^FCEK@TBM@ZKCEB@ZNOZGONLN@DB\MK@B@^NOBM@EBENO@LBD@
MKZGMDBDa
pX%$n>@
{bkl@??
?MEa@a@GMNCEK@BD@TMFUKFMBD@LBhK@UKDKD]@ZBCENLBD@N@TNMEFM@LK@
nwsnmstsivxnwsn
|njn99npqjvnyrkqo~jwjnnjmjnryr~n
LN@{MKDFLCZFN@LN@KT\OFZN]@gGK@MKDTBCLKMe@TKON@DGN@DGTKM^FDIB@
LGMNCEK@KDDK@TKMBLBa
?MEa@a@?@?A@ZBCDEFEGFMe]@CB@TMNhB@LK@^FCEK@K@gGNEMB@
UKDKD]@N@ZBCENM@LN@LNEN@LN@DGN@FUTONCENHIB]@B@DKG@gGNLMB@TMcTMFB@
LK@TKDDBNO]@TBM@UKFB@LN@MKNOFhNHIB@LK@ZBCZGMDB@T\OFZB@LK@TMB^ND]@
BG@LK@TMB^ND@K@EEGOBDa
?MEa@ a@ GMNCEK@ BD@ TMFUKFMBD@ ^FCEK@ K@ gGNEMB@ UKDKD@
DG\DKg6KCEKD@`@DGN@FCDENONHIB]@N@?A@TBLKMe@MKgGFDFENM]@ZBU@
YCGD]@DKM^FLBMKD@K@KUTMKWNLBD@LK@cMWIBD@K@KCEFLNLKD@FCEKWMNCEKD@
LN@NLUFCFDEMNHIB@T\OFZNa
@PB@MNCDZBMMFLB@B@TMNhB@N@gGK@DK@MKVKMK@B@]@DBUKCEK@
DKMIB@ZKLFLBD@TNMN@N@?A@DKM^FLBMKD@TBM@KON@MKgGFDFENLBD@TNMN@
B@KSKMZZFB@LK@ZNMWBD@KU@ZBUFDDIBa
@B@GMNCEK@BD@TMFUKFMBD@^FCEK@K@gGNEMB@UKDKD@DG\DKg6KCEKD@
`@DGN@FCDENONHIB]@N@?A@TBLKMe@ZBUTOKUKCENM@N@MKUGCKMNHIB@
LB@DKM^FLBM@BG@KUTMKWNLB@T\OFZB@MKgGFDFENLB]@NE@B@OFUFEK@LN@
MKUGCKMNHIB@LB@ZNMWB@KVKEF^B@BG@KUTMKWB@TKMUNCKCEK@BZGTNLB@CB@
cMWIB@BG@CN@KCEFLNLK@LK@BMFWKU]@gGNCLB@N@MKgGFDFHIB@FUTOFZNM@KU@
MKLGHIB@LKDDN@MKUGCKMNHIBa
?MEa@a@?@?A@TBLKMe@KVKEGNM]@CBD@EKMUBD@LB@NMEa@]@]@
LN@ABCDEFEGFHIB]@K@B\DKM^NLB@B@LFDTBDEB@CN@KF@CB@Ra]@LK@Q@LK@
LKhKU\MB@LK@PQQ]@ZBCEMNENHIB@TBM@EKUTB@LKEKMUFCNLB]@TKOB@TMNhB@
LK@LBhK@UKDKD]@LB@TKDDBNO@EZCFZB@FUTMKDZFCL^KO@NB@KSKMZZFB@LK@
DGND@ZBUTKECZFND@FCDEFEGZFBCNFDa@


@PB@?D@ZBCEMNENHzKD@MKVKMFLND@CB@ZNTGE@TBLKMIB@DKM@
TMBMMBWNLND]@LKDLK@gGK@DGN@LGMNHIB@EBENO@CIB@GOEMNTNDDK@B@TMNhB@LK@
yrktsnsnojtvxnismsm|npqjkwxn~rirtjwjnmojnyr3kqrj|nsinoj~osvn
ZNDB]@N@@LK@DKEKU\MB@LK@22a@
@B@?@MKUGCKMNHIB@LB@TKDDBNO@ZBCEMNENLB@EKUTBMNMFNUKCEK]@
tsvnqxixnvssv3kqrjnxmnyj~xvsmnwspkrwxmnsinjtxnqxkoktxnwjn
?WCZFN@K@LB@cMWIB@ZKCEMNO@LB@FDEKUN@LK@{KDDBNO@AF^FO@LN@
?LUFCFDEMNHIB@JKLKMNO@f@{Aa
@B@?TOFZNfDK@NB@TKDDBNO@ZBCEMNENLB@EKUTBMNMFNUKCEK@TKON@
?WCZFN]@B@LFDTBDEB@CBD@NMEDa@B@K@B]@CB@TNMeWMNVB@CFZB@LB@NMEa@B]@
CBD@NMEDa@RB]@QB]@P2]@PP]P@K@P@LN@KF@CB@Ra]@LK@Q@LK@LKhKU\MB@
LK@PQQa
?MEa@a@JFZN@B@{BLKM@SKZGEF^B@NGEBMFhNLB@N@FLK@KZMKEB@
C@a]@LK@aPPa22
@f@EMNCDVKMFM@TNMN@N@?A@BD@NZKM^BD@EZCFZB@K@TNEMFUBCFNO]@
ND@B\MFWNHzKD@K@BD@LFMKFEBD@LN@F^FDIB@LK@KWFDEMB@LN@KZMKENMFN@
ujvjnsmskyx~yrisktxnwxnowrxyrmoj~nwxn rkrmtvrxnwjno~tovj|n
\KU@ZBUB@NgGKOKD@ZBMMKDTBCLKCEKD@N@BGEMND@NEF^FLNLKD@NEMF\GLND@
n3kqrjnuxvnsmtjn swrwjnvxyrmvrj
@f@MKUNCKNM]@EMNCDTBM]@EMNCDVKMFM]@BG@GEFOFhNM]@N@TNMEFM@LN@
FCDENONHIB@LN@?A]@ND@LBENHzKD@BMHNUKCEeMFND@NTMB^NLND@
kjn$srnvjisktvrjnwsn
|nqxkmrkjwjmnjxn rkrmtvrxnwjn
AGOEGMN]@ MKVKMKCEKD@ `D@ NEMF\GFHzKD@ EMNCDVKMFLND@ TNMN@ NgGKON@
jotjvorj|nijktrwjnjnismijnq~jmmrpqj}xnxvjisktvrj|nsuvsmmjn
TBM@ZNEKWBMFN@LK@TMBWMNUNHIB@KU@DKG@UKCBM@C^KO]@B\DKM^NLB@B@
LFDTBDEB@CB@@B@LB@NMEa@B@LN@KF@CB@QaQQ]@LK@@LK@GO_B@LK@222]@
NDDFU@ZBUB@B@MKDTKZEF^B@LKENO_NUKCEB@TBM@KDVKMN@BMHNUKCEeMFN]@
WMGTBD@LK@LKDTKDN]@VBCEKD@LK@MKZGMDBD]@UBLNOFLNLKD@LK@NTOFZNHIB@K@
rwsktrpqjwxvsmnwsnomx
?MEa@a@B@TMNhB@UeSFUB@LK@GU@NCB]@ZBCENLB@N@TNMEFM@LK@@LK@
DKEKU\MB@LK@22P]@LK^KMe@DKM@KLFENLB@MKWGONUKCEB@LFDTBCLB@DB\MK@
N@VBMUN@LK@EMNCDVKMCZFN@TNMN@N@?A]@LBD@TMBZKDDBD@MKONEF^BD@`@
NTMB^NHIB@LK@TMBKEBD@ZBU@\NDK@CND@KF@CB@RaR]@LK@PQQ]@K@KF@CB@
RaP]@LK@PQQP]@FCZOGDF^K@BD@e@NTMB^NLBDa@KWGONUKCEB
{NMeWMNVB@CFZBa@? E@gGK@BD@TMBZKDDBD@MKVKMFLBD@CB@@DKNU@
EMNCDVKMFLBD@TNMN@N@?A]@N@DGN@NCeOFDK@K@NZBUTNC_NUKCEB@
usvijksqsv}xnjnqjvxnwxn rkrmtvrxnwjno~tovj
?MEa@Ra@N@TMFUKFMN@WKDEIB@LN@?A]@GU@LFMKEBM@EKMe@
UNCLNEB@LK@LBFD@NCBD]@GU@LK@EMD@NCBD]@GU@LK@gGNEMB@NCBD@K@
GU@LK@ZFCZB@NCBD]@TNMN@FUTOKUKCENM@B@DFDEKUN@LK@UNCLNEBD@CIB@
ZBFCZFLKCEKDa
?MEa@Qa@AN\K@`@?L^BZNZFNf!KMNO@LN@CFIB@N@MKTMKDKCENHIB@CBD@
TMBZKDDBD@GLFZFNFD@KU@gGK@N@?A@DKN@TNMEK@BG@FCEKMKDDNLN]@
NE@N@FUTONCENHIB@LN@DGN@{MBZGMNLBMFNf!KMNOa
jvvjxnkrqxnn rkrmtvrxnwjno~tovj|nuxvnrktsviwrxnwsn
DGN@ABCDGOEBMFN@dGMLFZN]@TMBUB^KMe]@CB@TMNhB@LK@ZKCEB@K@BFEKCEN@
LFND]@ZBCENLBD@N@TNMEFM@LK@@LK@DKEKU\MB@LK@22P]@OK^NCENUKCEB@LBD@
TMBZKDDBD@GLFZFNFD@KU@ZGMDB@KC^BO^KCLB@UNEMFN@ZGN@ZBUTKECZFN@
EKC_N@DFLB@EMNCDVKMFLN@TNMN@N@?A]@N@gGNO@B@DG\DEFEGFMe@CBD@
MKDTKZEF^BD@TMBZKDDBDa
?MEa@2a@?@FCDENONHIB@LN@?A@LNMfDKfe@KU@NE@ZKCEB@K@^FCEK@
LFND]@N@TNMEFM@LK@@LK@DKEKU\MB@LK@22P@K@B@FCZFB@LB@KSKMZZFB@
LK@DGND@ZBUTKECZFND@N@TNMEFM@LN@TG\OFZNHIB@LK@DGN@KDEMGEGMN@
MKWFUKCENO@KU@NEB@LB@{MKDFLKCEK@LN@KT\OFZNa@KWGONUKCEB
V?

pX%$n>@
{bkl@!?@@J?
?MEa@Pa@@^KLNLB@NBD@KUTMKWNLBD]@NBD@MKgGFDFENLBD]@NBD@
BZGTNCEKD@LK@ZNMWBD@ZBUFDDFBCNLBD@K@NBD@LFMFWKCEKD@LN@?A@
xnssvqqrxnwsnxotvjnjtryrwjwsnuvxpmmrxkj~|nrkq~omrysnsmt}xn
BTKMNZFBCNO@LK@KUTMKDN]@BG@LFMKHIB@TBOEFZBfTNMEFLeMFN]@KSZKEGNLBD@
BD@ZNDBD@NLUFEFLBD@KU@OKFa
{NMeWMNVB@CFZBa@B@ZNDB@LK@B@LFMFWKCEK@LN@?A@DKM@
DcZFB@ZBCEMBONLBM@LK@KUTMKDN@MKONZFBCNLN@ZBU@N@FCLDEMFN@
qrksijtxvpqjnsnyrwsxxkxvpqj|npqjnjnismijnriuswrwjnwsn
otr~rjvmsnwsnvsqovmxmnu~rqxmnxonrkqsktryxmnpmqjrmnwovjktsnxn
TKMBLB@KU@gGK@B@LFMFWKCEK@KDEF^KM@CB@KSKMZZFB@LK@DGND@VGCHzKDa
?MEa@a@JFZNU@ZMFNLBD@TNMN@KSKMZZFB@CN@?A@BD@ZNMWBD@
qxirmmrxkjwxmnwrmuxmtxmnkxnksxnnwsmtjn swrwjnvxyrmvrj
?MEa@a@K^BWNLB@TKON@KF@C@PPaP@LK@22a
?MEa@a@b@{BLKM@SKZGEF^B@KDEFUGONMe@N@NDDBZFNHIB@LK@ZNTFENFD@
CNZFBCNFD@K@KDEMNCWKFMBD]@FCZOGDF^K@TBM@FCEKMULFB@LBD@UKZNCFDUBD@
wsnqxkysvm}xnwjnwyrwjnstsvkj|nujvjnxnpkjkqrjisktxnjnsiuvsmjmn
snjnuvxstxmnyx~tjwxmnmnjtryrwjwsmnwsnosntvjtjnsmtjn swrwjn
{MB^FDcMFN]@CN@VBMUN@LB@MKWGONUKCEBa
{NMeWMNVB@ CFZBa@ bD@ LKTcDFEBD@ KU@ CBUK@ LK@ ZMKLBMKD@
smtvjksrvxmnnxvwsinwxnjkqxnsktvj~nwxnvjmr~nmsv}xn~rsvjwxmn
us~xnmsonyj~xvnwsnjqs|nsinixktjktsnjnmsvnpjwxnuxvnjos~snjkqx
vtnnmtjn swrwjnvxyrmvrjnmsvnvso~jisktjwjnus~xn
{BLKM@SKZGEF^Ba
?MEa@a@JFZNU@ZBC^NOFLNLBD@BD@NEBD@TMNEFZNLBD@ZBU@\NDK@CN@
swrwjnvxyrmvrjnkB@aPQ]@LK@@LK@DKEKU\MB@LK@22Pa
?MEa@a@JFZNU@MK^BWNLBD@B@FCZFDB@@LB@NMEa@PP@LB@KZMKEBfKF@
CB@]@LK@PR@LK@CB^KU\MB@LK@PQ]@B@KZMKEBfKF@CB@PaQ22]@LK@P@
LK@LKhKU\MB@LK@PQRP]@N@KF@CB@Ra2P]@LK@R@LK@NCKFMB@LK@PQQ]@K@N@
swrwjnvxyrmvrjnkB@aPQ]@LK@@LK@DKEKU\MB@LK@22Pa
vtnZnmtjn swrwjnvxyrmvrjnsktvjnsinyrxvnkjnwjtjnwsnmojn
TG\OFZNHIBa
vjm~rj|nnwsnmstsivxnwsn
n
ZB@LN@CLKTKCLCZFN@K@PPB@
LN@KT\OFZNa
J?b@@A?bb
9('1+'.)+61+2*)().
()3/'/1+
-1(
-6(1+)(-3DEK@EKSEB@CIB@DG\DEFEGF@B@TG\OFZNLB@CB@abaa@LK@P2aQa22P

1h35
?MEa@]@FCZFDB@
jn nn"$"nn>ijnsqstxnxvjn
TG\OFZFEeMFN


nvjnqrksijtxvpqjnxonyrwsxxkxvpqjnwsnjtn @
P@UFCGEBD
22]22
nvjnqrksijtxvpqjnxonyrwsxxkxvpqjnwsn @
LGMNHIB@DGTKMFBM@N@P@UFCGEBD@K@NE@2@UFCGEBD
22]22
nvjnqrksijtxvpqjnxonyrwsxxkxvpqjnwsn @
LGMNHIB@DGTKMFBM@N@2@UFCGEBD
a222]22

nvjnqrksijtxvpqjnxonyrwsxxkxvpqjnwsnwovjf @
HIB@DGTKMFBM@N@2@UFCGEBD
a222]22
nvjnqrksijtxvpqjnxonyrwsxxkxvpqjnmsvrjwjn @
TBM@ZNTEGOB@BG@KTFDcLFB
2]22

n nnpn "X|n n%$%n

{b@KSZKEB@B\MN@TG\OFZFEeMFN
nvjnqrksijtxvpqjnxonyrwsxxkxvpqjnwsnjtn @
P@UFCGEBD
22]22
nvjnqrksijtxvpqjnxonyrwsxxkxvpqjnqxin @
LGMNHIB@DGTKMFBM@N@P@UFCGEBD@K@NE@2@UFCGEBD
22]22
nvjnqrksijtxvpqjnxonyrwsxxkxvpqjnxin
LGMNHIB@DGTKMFBM@N@2@UFCGEBD@BG@ZBCGCEB@LK@ @
xvjmnjowrxyrmojrmnwsnqovtjn stvjsinsxoniwrjn
UKEMNWKU@ WMN^NLND@ CGU@ UKDUB@ DGTBMEK@ ZBU@ a222]22
LGMNHIB@DGTKMFBM@N@2@UFCGEBD
nvjnqrksijtxvpqjnxonyrwsxxkxvpqjnmsvrjwjn @
TBM@ZNTEGOB@BG@KTFDcLFB
2]22
qn nn"i"nn%"jnn
"9"nn 9"nsqstxnxvjnuo~rqrtvrj
nvjnqrksijtxvpqjnxonyrwsxxkxvpqjnwsnjtn @
P@UFCGEBD@
22]22
nvjnqrksijtxvpqjnxonyrwsxxkxvpqjnwsn @
LGMNHIB@DGTKMFBM@N@P@UFCGEBD@K@NE@2@UFCGEBD
22]22
nvjnqrksijtxvpqjnxonyrwsxxkxvpqjnwsn @
LGMNHIB@DGTKMFBM@N@2@UFCGEBD
a222]22
nvjnqrksijtxvpqjnxonyrwsxxkxvpqjnmsvrjwjn @
TBM@ZNTEGOB@BG@KTFDcLFB
2]22
wn nn"i"nn %9ijn
$X9nn ""nn""9X%n%9n"n
XXnn ijn99$nn%nXXn
b@Ab@@b@?@PB@KSZKEB@B\MN@TG\OFZFEeMFN@
nxvjnqrksijtxvpqjnxonyrwsxxkxvpqjnwsnjtn
n @
UFCGEBD
22]22
nxvjnqrksijtxvpqjnxonyrwsxxkxvpqjnwsn @
LGMNHIB@DGTKMFBM@N@P@UFCGEBD@K@NE@2@UFCGEBD
22]22
nxvjnqrksijtxvpqjnxonyrwsxxkxvpqjnwsn @
LGMNHIB@DGTKMFBM@N@2@UFCGEBD
a222]22
nxvjnqrksijtxvpqjnxonyrwsxxkxvpqjnmsvrjwjn @
TBM@ZNTEGOB@BG@KTFDcLFB
2]22
sn%X"n "nsqstxnxvjnuo~rqrtvrj
nvjnqrksijtxvpqjnxonyrwsxxkxvpqjnwsnjtn @
P@UFCGEBD
22]22
nvjnqrksijtxvpqjnxonyrwsxxkxvpqjnwsnwovjf @
HIB@DGTKMFBM@N@P@UFCGEBD@K@NE@2@UFCGEBD
22]22
VV

?MEa@]@FCZFDB@
jn n9 Xn %n 9n
%$Xn"$n$ n9n>Xn
n>ijn nn" 9Xnn n
n xvjn qrksijtxvpqjn xon yrwsxxkxvpqjn
uo~rqrtvrjnvjmr~srvjnp~ijwjnkxnstsvrxvnqxin @
TNWNUKCEB@DFUGOECKB@TNMN@EBLBD@BD@DKWUKCEBD@LK@ Ra222]22
UKMZNLB@
n xvjn qrksijtxvpqjn xon yrwsxxkxvpqjn
uo~rqrtvrjnvjmr~srvjnp~ijwjnkxnstsvrxv|nujvjn @
B@UKMZNLB@LK@DKM^FHBD@LK@MNLFBLFVGDIB@LK@DBCD@K@ 2a222]22
FUNWKCD
n xvjn qrksijtxvpqjn xon yrwsxxkxvpqjn
uo~rqrtvrjnvjmr~srvjnp~ijwjnkxnstsvrxv|nujvjnxn @
UKMZNLB@LK@DKM^FHBD@LK@ZBUGCFZNHIB@KOKEMYCFZN@ a222]22
LK@UNDDN@TBM@NDDFCNEGMN@KLNHIB@LNLN@TKON@KF@C@
PaQQ]@LK@2P
n xvjn qrksijtxvpqjn xon yrwsxxkxvpqjn @
uo~rqrtvrjnvjmr~srvjnp~ijwjnkxnstsvrxv|nujvjnxn a22]22
UKMZNLB@LK@^LKB@LBUDEFZB]@KU@gGNOgGKM@DGTBMEK@
n xvjn qrksijtxvpqjn xon yrwsxxkxvpqjn @
uo~rqrtvrjnvjmr~srvjnp~ijwjnkxnstsvrxv|nujvjnxn a22]22
UKMZNLB@LK@DNOND@LK@KSF\FHIB
n xvjn qrksijtxvpqjn xon yrwsxxkxvpqjn
uo~rqrtvrjnvjmr~srvjnp~ijwjnkxnstsvrxvnujvjn @22]22
BGEMBD@DKWUKCEBD@LK@UKMZNLB@
n
n
9 Xn
%n
9n %$Xn "X9n
n>ijn nn" 9Xnn n
nxvjnqrksijtxvpqjnxonyrwsxxkxvf 22a222]22
pqjnuo~rqrtvrjnsmtvjksrvjnqxinujjf KLNHIB@LNLN@TKON@
UKCEB@DFUGOECKB@TNMN@EBLBD@BD@DKWUKCf KF@C@PaQQ]@LK@
EBD@LK@UKMZNLB@
2P@
nxvjnqrksijtxvpqjnxonyrwsxxkxvf Pa2]22
pqjnuo~rqrtvrjnsmtvjksrvjnujvjnxnisvf KLNHIB@LNLN@TKON@
ZNLB@LK@DKM^FHBD@LK@MNLFBLFVGDIB@LK@DBCD@ KF@C@PaQQ]@LK@
K@FUNWKCD
2P
nxvjnqrksijtxvpqjnxonyrwsxxkxvf aRP2]22
pqjnuo~rqrtvrjnsmtvjksrvj|nujvjnxnisvf KLNHIB@LNLN@TKON@
ZNLB@LK@DKM^FHBD@LK@ZBUGCFZNHIB@KOKEMYf KF@C@PaQQ]@LK@
CFZN@LK@UNDDN@TBM@NDDFCNEGMN@KLNHIB@ 2P@
LNLN@TKON@KF@C@PaQQ]@LK@2P
nxvjnqrksijtxvpqjnxonyrwsxxkxvf PaQ2]22
pqjnuo~rqrtvrjnsmtvjksrvjnujvjnxnisvf KLNHIB@LNLN@TKON@
ZNLB@LK@^LKB@LBUDEFZB]@KU@gGNOgGKM@ KF@C@PaQQ]@LK@
2P
DGTBMEK@


nxvjnqrksijtxvpqjnxonyrwsxxkxvf PaQ2]22
pqjnuo~rqrtvrjnsmtvjksrvjnujvjnxnisvqjf KLNHIB@LNLN@TKON@
LB@LK@DNOND@LK@KSF\FHIB
KF@C@PaQQ]@LK@
2P
nxvjnqrksijtxvpqjnxonyrwsxxkxvf aR2]22
pqjnuo~rqrtvrjnsmtvjksrvjnujvjnxotvxmn KLNHIB@LNLN@TKON@
DKWUKCEBD@LK@UKMZNLB@
KF@C@PaQQ]@LK@
2P
Z@syxjwxnus~jn swrwjnvxyrmvrjnkn|nwsn

wnn9 Xn%n9f
n%$Xn"$nn>ijn n
n" 9Xnn n
nxvjnqrksijtxvpqjnxonyrwsxxkxf
vpqjnuo~rqrtvrjnvjmr~srvjnqxinujf
WNUKCEB@DFUGOECKB@TNMN@EBLBD@BD@DKWf
UKCEBD@LK@UKMZNLB@
nxvjnqrksijtxvpqjnxonyrwsxxkxf
vpqjnuo~rqrtvrjnvjmr~srvj|nujvjnxn
UKMZNLB@LK@DKM^FHBD@LK@MNLFBLFVGDIB@LK@
DBCD@K@FUNWKCD
xvjnqrksijtxvpqjnxonyrwsxxkxf
vpqjnuo~rqrtvrjnvjmr~srvj|nujvjnxn
UKMZNLB@LK@DKM^FHBD@LK@ZBUGCFZNHIB@
KOKEMYCFZN@LK@UNDDN@TBM@NDDFCNEGMN@Kf
LNHIB@LNLN@TKON@KF@C@PaQQ]@LK@2P
nxvjnqrksijtxvpqjnxonyrwsxxkxf
vpqjnuo~rqrtvrjnvjmr~srvj|nujvjnxn
UKMZNLB@LK@^LKB@LBUDEFZB]@KU@gGNOf
gGKM@DGTBMEK@
nxvjnqrksijtxvpqjnxonyrwsxxkxf
vpqjnuo~rqrtvrjnvjmr~srvj|nujvjnxn
UKMZNLB@LK@DNOND@LK@KSF\FHIB
nxvjnqrksijtxvpqjnxonyrwsxxkxf
vpqjnuo~rqrtvrjnvjmr~srvjnujvjnxof
EMBD@DKWUKCEBD@LK@UKMZNLB@

a2]22@
KLNHIB@LNLN@TKON@
KF@C@PaQQ]@LK@
2P
aR2]22@
KLNHIB@LNLN@TKON@
KF@C@PaQQ]@LK@
2P

Z@KM^FHB@DTKZFNO@LK@@TBM@?DDFCNEGMN@

RQ]22

L@KM^FHB@DTKZFNO@LK@ANCNO@KZGCLeMFB@LK@
NLFBLFVGDIB@LK@BCD@K@UNWKCD

2]22

K@KM^FHB@DTKZFNO@LK@KTKEFHIB@LK@KOKf
^FDIB

R]22

V@KM^FHB@DTKZFNO@LK@KTKEFHIB@LK@FCNFD@
LK@@FN@NEOFEK

R]22

W@KM^FHB@DTKZFNO@LK@KEMNCDUFDDIB@LK@
KOK^FDIB

2]22

PaPQ2]22@
KLNHIB@LNLN@TKON@
KF@C@PaQQ]@LK@
2P
P2]22@
KLNHIB@LNLN@TKON@
KF@C@PaQQ]@LK@
2P@
P2]22@
KLNHIB@LNLN@TKON@
KF@C@PaQQ]@LK@
2P@
2]22@
KLNHIB@LNLN@TKON@
KF@C@PaQQ]@LK@
2P

_@KM^FHB@
GTBMENLB@
uxvn srxnwsn
NEOFEK

?MEa@]@FCZFDB@@CZOGLB@TKON@KF@C@PaR]@LK@2PP
N@KM^FHB@
ys~nsf
OGONM@

N@\NDK@
\@MKTKEFLBMN
Z@Uc^KO
N@\NDK@KU@eMKN@LK@NE@
22a222@_N\FENCEKD@
\@KM^FHB@ \@\NDK@KU@eMKN@NZFUN@LK@
FUFENLB@ 22a222@NE@22a222@_N\Ff
ys~nmusf
ENCEKD
ZFNOFhNLB
Z@\NDK@NZFUN@LK@22a222@
_N\FENCEKD
L@Uc^KO

P2]22
P2]22
]

F@KM^FHB@LK@
FDEMF\GFHIB@
"rkjrmn o~trf
uxktxn o~trf
ZNCNO@

R2]22
PP]22
P]22
]

VW

N@EKMUFCNO@LK@DFDEKUN@LK@
ZBUGCFZNHIB@WOB\NO@TBM@
DNEOFEK
\@KDENHIB@EKMMKCN@LK@TKgGKf
CB@TBMEK@ZBU@ZNTNZFLNLK@LK@
EMNCDUFDDIB@K@LFUKEMB@LK@
NCEKCN@FCVKMFBM@N@]U]@ZBCf
EMBONLN@TBM@KDENHIB@ZKCEMNO
Z@KDENHIB@EKMMKCN@ZKCEMNO@
ZBCEMBONLBMN@LK@NTOFZNHzKD@
LK@MKLKD@LK@LNLBD@K@BGEMND
L@KDENHIB@EKMMKCN@LK@WMNCf
LK@TBMEK@ZBU@ZNTNZFLNLK@
LK@EMNCDUFDDIB]@GEFOFhNLN@
TNMN@DFCNFD@LK@eGLFB]@^LKB]@
LNLBD@BG@EKOKVBCFN@K@BGEMND@
NTOFZNHzKD]@ZBU@LFUKEMB@LK@
NCEKCN@DGTKMFBM@N@]U
K@KDENHIB@EKMMKCN@Uc^KO@
ZBU@ZNTNZFLNLK@LK@EMNCDf
UFDDIB
V@KDENHIB@KDTNZFNO@WKBKDENf
ZFBCeMFN@TBM@DNEOFEK
W@KDENHIB@KDTNZFNO@CIB@
WKBKDENZFBCeMFN@TBM@DFDEKf
UN
N@\NDK@KU@eMKN@LK@NE@
22a222@_N\FENCEKD@
\@\NDK@KU@eMKN@NZFUN@LK@
22a222@NE@22a222@_N\Ff
ENCEKD
Z@\NDK@NZFUN@LK@22a222@
_N\FENCEKD

]
]22
R]22
Pa2R]22
2]22
aP]22
aP]22

Pa2]22
Pa2R]22
a2PP]22


N@\NDK@KU@eMKN@LK@NE@
22a222@_N\FENCEKD@
\
@
\ND
K@KU@eMKN@NZFUN@LK@
@KM^FHB@LK@ 22a222@
NE@22a222@_N\Ff
@N@AN\B
ENCEKD
Z@\NDK@NZFUN@LK@22a222@
_N\FENCEKD

Pa2]22
Pa2R]22
a2PP]22

@KM^FHB@LK@FDEMF\GFHIB@LK@FCNFD@LK@@
uxvn srxmnmrqxm

]22

N@KDENHzKD@FCDENONLND@CND@
ZFLNLKD@ZBU@TBTGONHIB@NE@
22a222@_N\FENCEKD
\@KDENHzKD@FCDENONLND@CND@
ZFLNLKD@ZBU@TBTGONHIB@
KCEMK@22a22P@K@Pa222a222@
LK@_N\FENCEKD
Z@KDENHzKD@FCDENONLND@CND@
ZFLNLKD@ZBU@TBTGONHIB@
KCEMK@Pa222a22P@K@a222a222@
LK@_N\FENCEKD
O@KM^FHB@LK@ L@KDENHzKD@FCDENONLND@CND@
NLFBLFVGDIB@ ZFLNLKD@ZBU@TBTGONHIB@
LK@BCD@K@ KCEMK@a222a22P@K@a222a222@
LK@_N\FENCEKD
UNWKCD
K@KDENHzKD@FCDENONLND@CND@
ZFLNLKD@ZBU@TBTGONHIB@
KCEMK@a222a22P@K@a222a222@
LK@_N\FENCEKD
V@KDENHzKD@FCDENONLND@CND@
ZFLNLKD@ZBU@TBTGONHIB@
KCEMK@a222a22P@K@a222a222@
LK@_N\FENCEKD
W@KDENHzKD@FCDENONLND@CND@ZFf
LNLKD@ZBU@TBTGONHIB@NZFUN@
LK@a222a222@LK@_N\FENCEKD

Pa]22
PaR]22
a]22
a22]22
a2]22
a]22
a2R]22

B@KM^FHB@LK@ABUGCFZNHIB@LK@NLBD@ABUGf aQ]22
ENLB@
T@KM^FHB@LK@ N@\NDK@ZBU@ZNTNZFLNLK@LK@
FDEMF\GFHIB@
EGMN@CNZFBCNO
LK@FCNFD@LK@ \@KDZB\KM
E
NHIB@
EKMMKCN@LK@WMNCLK@
a2PP]22
KOK^FDIB@K@ TBMEK@ZBU@
LNLK@TNMN@
Pa
2R]22
LK@GLFB@TBM@ EMNCDUFDDZNTNZF
IB@LK@DFCNFD@LK@
?DDFCNEGMN@ EKOK^FDIB@BG@
LK@eGLFB]@\KU@
^FN@NEOFEK@f@
ZBUB@
LK@
NU\BD
@
N@\NDK@KU@eMKN@LK@NE@
22a222@_N\FENCEKD
\@\NDK@KU@eMKN@NZFUN@LK@
22a222@NE@22a222@_N\Ff
ENCEKD
Pa2]22
Z
@
\ND
K@
NZF
UN@LK@22a222@
Pa2R]22
g@KM^FHB@LK@
_N\FENCEKD
a2PP]22
?ZKDDB@ZBCf L@\NDK@ZBU@
ZNTNZFLNLK@LK@
a
2PP]22
LFZFBCNLB
ZB\KMEGMN@CNZFBCNO
Pa
2R]
22
K@KDENHIB@EKMMKCN@LK@WMNCLK@
TBMEK@ZBU@ZNTNZFLNLK@TNMN@
EMNCDUFDDIB@LK@DFCNFD@LK@
EKOK^FDIB@BG@LK@eGLFB]@\KU@
ZBUB@LK@NU\BD
M@KM^FHB@LK@
N@\NDK@
P2]22
ABUGCFZNHIB@
\@MKTKEFLBMN
P2]22
o~triwrj
Z@Uc^KO
]
D@KM^FHB@
N@\NDK@
P2]22
ys~nsmf
\@MKTKEFLBMN
P2]22
DBNO
Z@Uc^KO
]

1h35
we55e5e ee55
7 15
ij
Af
Af
!A?@A?
A!f
A!f
A!f
A!f
?b?
A?f
A?f
A?f
?A?
A?f
A?f
AAb
AAf

U@KM^FHB@?GSFOFNM@LK@NLFBLFVGDIB@K@ABMMKONEBD@f@FWNHIB@
TNMN@MNCDUFDDIB@LK@{MBWMNUND]@KTBMENWKU@SEKMCN]@ABUGf
CFZNHIB@LK@bMLKCD]@KOKZBUNCLB]@KOKUNCLB@K@BGEMBD
UaP@KOK^FDIB

P2]22

U@a@KOK^FDIB@TBM@?DDFCNEGMN

P2]22

C@KM^FHB@
KOKVYCFZB@
JFSB@ABUGf
ENLB@f@JA

N@NE@22@EKMUFCNFD@
\@LK@2P@N@22@EKMUFCNFD
Z@LK@2P@N@a222@EKMUFCNFD
L@LK@a22P@N@a222@EKMUFf
CNFD
K@LK@a22P@N@2a222@EKMUFf
CNFD
V@NZFUN@LK@2a222@EKMUFCNFD

RR]22
]22
RRR]22
PaQ]22
a]22
aQ]22
VY

P
P2

R
R


AAf
AAf
AAf
AAf
232
9

P
P2
P
P
{

./421249<=0/2/4032<=0/90/
934; :;0/67837498/4491;82;40./
nux~trqjnwjnuvsmsvyj}xnwxnujtvrikrxnqo~tovj~nkxnvjmr~|n
tjktxnjxnkys~nwjn%kr}x|nqxixnwxmnmtjwxmnsnwxmn okrqurxm|ntsin
TKMZBMMFLB@GU@ZNUFC_B@ZMKDZKCEKUKCEK@FCEKWMNLBM@LND@FCFZFNEF^ND@
T\OFZND@K@TNMEFZGONMKDa@NO^Kh@OKCEB]@DB\@LKEKMUFCNLBD@TBCEBD@
LK@^FDEN]@KDEK@TMBZKDDB@NTMKDKCEN@EKCLCZFND@LK@LKDKC^BO^FUKCEB@
TNMEFZGONMUKCEK@TKZGOFNM@KU@LKEKMUFCNLBD@NDTKZEBD]@LFNCEK@LK@GU@
TMBWMKDDF^B@UB^FUKCEB@LK@KLGZNHIB@K@LK@ZBCDZFKCEFhNHIB@LND@
ZBUGCFLNLKDa@?UNOWNUNLN@TBM@FCEKCDB@ZNOLKNUKCEB@LK@ZGOEGMND]@N@
DBZFKLNLK@\MNDFOKFMN@NTMKDKCEN@GU@TOGMNO@UBDNFZB@LK@KSTMKDDzKD@K@
LK@UNCFVKDENHzKD@ZGOEGMNFD@TKZGOFNMKD@NBD@LFVKMKCEKD@WMGTBD@ECFZBD@
gGK@NTBMENMNU@NB@EKMMFEcMFB@CNZFBCNO]@CKU@DKUTMK@DK@NGDENCLB@K@
UGFEND@^KhKD@DK@ZBCEMNTBCLB@`@UFOKCNM@ZGOEGMN@TMfZN\MNOFCN@LND@
CNHzKD@FCLWKCNDa
bD@\KCD@LK@CNEGMKhN@UNEKMFNO@K@FUNEKMFNO]@DKWGCLB@BD@
wrmuxmrtryxmnwjnxkmtrtor}xnwjnsu~rqjnswsvjtryjnwxnvjmr~|n
TBMENLBMKD@LK@MKVKMCZFN@`@FLKCEFLNLK]@`@NHIB@K@`@UKUcMFN@LBD@
WMGTBD@VBMUNLBMKD@LN@DBZFKLNLK]@ZBCDEFEGKU@B@TNEMFUYCFB@ZGOEGMNO]@
gGK@EBLBD@EU@B@LK^KM@LK@^NOBMFhNM]@LFVGCLFM@K@TMKDKM^NMa@{MBEKWKCLB@
ND@UNCFVKDENHzKD@LBD@DKWUKCEBD@gGK@TNMEFZFTNMNU@K@TNMEFZFTNU@LB@
TMBZKDDB@ZF^FOFhNEcMFB@CNZFBCNO]@ZNLN@GU@K@EBLBD@LK^KU@NDDGUFM@
B@ZBUTMBUFDDB@LK@hKONM@K@LK@TMBUB^KM@N@UKUcMFN@CNZFBCNOa@
K@FUKLFNEB@MKDDNOEN@NB@KSNUK@UNFD@ZGFLNLBDB@LKDEK@EKUN]@N@
TMKBZGTNHIB@LN@?DDKU\OFN@NZFBCNO@ABCDEFEGFCEK@KU@KCVNEFhNM@
ZONMNUKCEK]@gGNCLB@LN@TMBUGOWNHIB@LN@CB^N@ABCDEFEGFHIB@KU@

#ZZ|njnrwsktrpqj}xnwxnqjvtsvnwxmnskmnosnm}xnqxkqsrtojwxmn
ZBUB@LK@CNEGMKhN@ZGOEGMNOa
IB@DKMe@LFVZFO@ZBCDENENM]@_BK]@BD@\KCKVZFBD@e@NOZNCHNLBD@
TKOND@FCFZFNEF^ND@LK@^NOBMFhNHIB@K@TMBEKHIB@LB@TNEMFUYCFB@UNEKMFNO]@
CB@ZBCEKSEB@LND@LF^KMDND@FCDECZFND@LN@NLUFCFDEMNHIB@T\OFZN@K@LND@
ZBUGCFLNLKD]@TKOBD@KDVBMHBD@KUTMKKCLFLBD@NCEKD@K@LKTBFD@LN@CB^N@
ANMENa@
b@ZBCDEFEGFCEK@\MNDFOKFMB@KDEN\KOKZKG@CB@NMEFWB@P@LN@ANMEN@
okwjisktj~nwxnvjmr~nosnxnrujtvrikrxnqo~tovj~n@VBMUNLB@TBM@
\KCD@LK@CNEGMKhN@UNEKMFNO@K@FUNEKMFNO]@EBUNLND@FCLF^FLGNOUKCEK@
BG@KU@ZBCGCEB]@TBMENLBMKD@LK@MKVKMCZFN@`@FLKCEFLNLK]@`@NHIB]@`@
UKUcMFN@LBD@LFVKMKCEKD@WMGTBD@VBMUNLBMKD@LN@DBZFKLNLK@\MNDFOKFMN]@
CBD@gGNFD@DK@FCZOGKU@
W[

@@ND@VBMUND@LK@KSTMKDDIB@
@@BD@UBLBD@LK@ZMFNM]@VNhKM@K@^F^KM@
nnjmnqvrjsmnqrsktpqjm|njvtmtrqjmnsntsqkx~rqjmn
nnjmnxvjm|nxstxm|nwxqoisktxm|nswrpqjsmnsnwsijrmnsmf
TNHBD@LKDEFCNLBD@`D@UNCFVKDENHzKD@NMEDEFZBfZGOEGMNFD@
@@BD@ZBCGCEBD@GM\NCBD@K@DEFBD@LK@^NOBM@_FDEcMFZB]@TNFDNf
WDEFZB]@NMEDEFZB]@NMgGKBOcWFZB]@TNOKBCEBOcWFZB]@KZBOcWFZB@K@ZFKCf
tpqxs
U@ZBCDBCCZFN@ZBU@N@TBOEFZN@UGCLFNO]@N@ABCDEFEGFHIB@MKZBf
C_KZK@gGK@B@TNEMFUYCFB@ZGOEGMNO@LB@TB^B@\MNDFOKFMB@@FCWMKLFKCEK@LK@
DGN@FLKCEFLNLK@K@LN@LF^KMDFLNLK@ZGOEGMNOa@{BLKCLB@ENU\U@EBMCNMf
fDK@GU@FUTBMENCEK@VNEBM@LK@LKDKC^BO^FUKCEB@DGDEKCENLB]@LK@TMBUBf
HIB@LB@\KUfKDENM@DBZFNO]@LK@TNMEFZFTNHIB@K@LK@ZFLNLNCFNa
@UKDUB@GU@ZBCGCEB@LK@KOKUKCEBD@gGK@ZBUTzK@B@gGK@DK@
KCEKCLK@TBM@TNEMFUYCFBa@b@TNEMFUYCFB@ZGOEGMNO@EKU@ZBUB@DGKFEB@
wsnrktsvsmmsmntxwjnjnmxqrswjwsnosnvs@stsnmojnvs~sy=kqrjnsnnoijn
ZNEKWBMFN@gGK@N\MNCWK@\KCD@LK@CNEGMKhND@LF^KMDND]@gGK@TBLKU@DK@
q~jmmrpqjvnqxixnskmnijtsvrjrmnxonrijtsvrjrm|niysrmnxonriysrm|n
T\OFZBD@BG@TMF^NLBDa
?@TMBEKHIB@gGK@TMKEKCLK@B@ZBCDEFEGFCEK@KDEN\KOKZKM@N\MNCWK@
B@VKCYUKCB@ZGOEGMNO@gGK@TBDDGF@EMD@LFUKCDzKD@VGCLNUKCENFDa@?@
ZMFNHIB]@N@LFVGDIB@K@N@ZBCDKM^NHIBa@?@ZMFNHIB@LN@ZGOEGMN@@VKFEN@KU@
LF^KMDBD@C^KFD@K@UNCFVKDENfDK@KU@LF^KMDND@VBMUND@UDFZN]@TFCEGf
vj|nsmqo~tovjm|ntvjj~lxmn~rtsvvrxm|nxtxvjpjm|nijkrsmtjsmnuxf
TGONMKD]@LNCHN]@KEZaa@AN\K@NB@DENLB@VN^BMKZKM@N@MKNOFhNHIB@LKDDND@
UNCFVKDENHzKD@NEMN^D@LK@FCZKCEF^BD@LFMKEBD@K@FCLFMKEBDa@?@LFVGDIB@
ZBMMKDTBCLK@NB@NZKDDB@LKDDN@TMBLGHIB@ZGOEGMNO@CB@UKFB@DBZFNOa@@
LK@FUTBMECZFN@ZMGZFNO@N@FCVBMUNHIB@K@N@KLGZNHIB@LN@DBZFKLNLKa@@
N@ZBCDKM^NHIB]@gGK@MKTKMZGEK@CN@TMBEKHIB@LBD@\KCD@K@CN@DGN@UNCGf
EKCHIB@TNMN@K^FENM@LKDEMGFHIB@K@N^NMFNHzKDa
?D@EMD@LFUKCDzKD@VGCLNUKCENFD@LB@VKCYUKCB@ZGOEGMNO@ZMFNf
HIB]@LFVGDIB@K@ZBCDKM^NHIB@KDEIB@ZBCEKUTONLND@CB@EKSEB@ZBCDEFEGf
ZFBCNO]@gGK@ND@ZBOBZN@DB\@N@MKDTBCDN\FOFLNLK@LB@TBLKM@T\OFZB]@KU@
ZBON\BMNHIB@ZBU@N@DBZFKLNLKa
mmri|nqjsnjxnxysvkxnswsvj~|nuxvnisrxnwxn rkrmtvrxnwjn
AGOEGMN]@VBMUGONM@K@BTKMNZFBCNOFhNM@N@TBOEFZN@gGK@NDDKWGMK@BD@LFf
MKFEBD@ZGOEGMNFD@LB@ZFLNLIB]@ZMFNM@FCDEMGUKCEBD@K@UKZNCFDUBD@gGK@
TBDDF\FOFEKU@B@NTBFB@`@ZMFNHIB@ZGOEGMNO@K@NMEDEFZN]@B@NZKDDB@NBD@\KCD@
ZGOEGMNFD@K@N@LFDEMF\GFHIB@LKDEKD]@\KU@ZBUB@N@TMBEKHIB]@N@TMKDKM^Nf
HIB@K@N@LFVGDIB@LB@TNEMFUYCFB@ZGOEGMNO@\MNDFOKFMBa
K^KMe]@LKDDN@VBMUN]@B@DENLB@\MNDFOKFMB]@ZBU@N@ZBON\BMNHIB@
LN@ZBUGCFLNLK]@TMBUB^KM@K@TMBEKWKM@B@TNEMFUcCFB@ZGOEGMNO@\MNDFf
OKFMB]@TBM@UKFB@LK@FC^KCEeMFBD]@MKWFDEMBD]@^FWFOCZFN]@EBU\NUKCEB@K@
LKDNTMBTMFNHIB@K@LK@BGEMND@VBMUND@LK@NZNGEKONUKCEB@K@TMKDKM^NHIBa
?OU@LB@DENLB]@EBLBD@BD@ZFLNLIBD@LK^KU@TMBUB^KM@N@TMBEKf
HIB@LB@TNEMFUcCFB@ZGOEGMNO@LND@ZFLNLKD]@TMB^BZNCLB@BD@FCDEFEGEBD@
uvuvrxmnwsnuvsmsvyj}x|n~rjwxmnnvssrtovjn okrqruj~|njxnmtjf
LB]@BG]@NFCLN]@`@CFIB@{?a@?@DBZFKLNLK@TBLK]@NFCLN]@BMWNCFf
jvmsnsinjmmxqrjsmnxonokwjsmnqxintjrmnpkj~rwjwsm
DEe@ENU\U@`@LFDTBDFHIB@LK@EBLN@N@DBZFKLNLK@N@?HIB@{BTGONM@
K@N@?HIB@AF^FO@{\OFZN]@UKFBD@TNMN@K^FENM@N@LKDEMGFHIB@BG@Ue@ZBCf


DKM^NHIB@LBD@\KCD@gGK@FCEKWMNU@B@{NEMFUYCFB@AGOEGMNO]@KCEKCLFLB@
ZBUB@FCEKMKDDK@LFVGDB@LK@EBLBDa
nismix|ntj~ys|nk}xnmsjnuxmmys~njpvijvnqxinvs~j}xnjxn
TNEMFUYCFB@FUNEKMFNOa@{NMKZK@KDENM@LFDENCZFNLB@LN@ZBUTMKKCDIB@
wxmnijrmnjiu~xmnmstxvsmnwjnmxqrswjws|nus~jnwrpqo~wjwsnwsn
ZBCDZFKCEFhNHIB@K@LK@DGN@TKMZKTHIB@TBM@TNMEK@LND@ZBUGCFLNLKDa@
B@TONCB@KLGZNZFBCNO]@B@ZBCGCEB@LBD@^NOBMKD@gGK@ZBCDEFEGKU@B@
TNEMFUYCFB@FUNEKMFNO@EKU@DFLB@TBGZB@ZBCEKUTONLB]@NE@TBM@DKM@
wrqr~njnysvrpqj}xnwxnvjonwsnusvqsu}xnosnjmnqxiokrwjwsmn
K@BD@ZFLNLIBD@EU@N@MKDTKFEB@LK@DKG@TNTKO@CN@WKDEIB@LB@TMBZKDDB@
LK@TMBUBHIB@K@TMBEKHIB@LB@TNEMFUYCFB@ZGOEGMNO@\MNDFOKFMBa@?D@
wrpqo~wjwsmnwsnqxktsiu~~x|nuvrxvrtjvrjiskts|nkxmnu~jkxmnsn
TMBWMNUND@LK@WB^KMCB]@\KU@ZBUB@CND@NHzKD@LN@FCFZFNEF^N@TMF^NLN]@
EU@MKENMLNLB@N@DGN@FCZOGDIB@LKCEMK@ND@UKLFLND@LK@TMBEKHIB@LB@
TNEMFUYCFB@ZGOEGMNOa
b@EKUN]@TBM@DKM@MKZKCEK@N@DGN@ZBCDFLKMNHIB@CN@TBOEFZN@ZGOEGMNO@
KU@CBDDB@UKFB]@MKgGKM@GU@NTMBVGCLNUKCEB@LBD@KDEGLBD]@LND@
vs@ssmnsnwjmnuvtrqjmnosny3inmskwxnwsmskyx~yrwjmnmxvsnxn
XTNEMFUYCFB@FUNEKMFNO[@BG@XTNEMFUYCFB@FCENCW^KO[]@TBFD@FUTOFZN@
kxnsktskwrisktxnwxnmsonmrkrpqjwxnujvjnjnrisivrjnqo~tovj~sn
{NMN@UGFEBD@ZKMENUKCEK@DIB@FUTKMZKTE^KFD@BD@NDTKZEBD@MKONEF^BD@`D@
VBMUND@LK@KSTMKDDIB]@NBD@UBLBD@LK@ZMFNM]@VNhKM@K@^F^KM]@`D@ZMFNHzKD@
jvtmtrqjm|nqrsktpqjm|ntsqkx~rqjm|nwsktvsnxotvxm|nwsnjqxvwxnqxin
xmnmsktrisktxmnsnxmnmsomnmrkrpqjwxm|njqsnjxmnyj~xvsmnrijtsvrjrmn
NZKFEBD@TBM@NOWGCD@DKWUKCEBD@LND@ZBUGCFLNLKDa@KTKCLKCLB]@
gGNDK@DKUTMK]@LBD@KDEeWFBD@LK@LKDKC^BO^FUKCEB@ZGOEGMNO@K@
KLGZNZFBCNO@LK@GU@WMGTB@DBZFNO]@B@TNEMFUYCFB@FCENCW^KO]@TBM@BGEMB@
ONLB]@TNDDN@N@DKM@LK@WMNCLK@^NOBM@K@TKDB@CBD@TMBZKDDBD@LK@N^NOFNHIB@
wjnqxiokrwjws|nqoiuvrkwxnoinujus~nmrkrpqjtryxnkjmnux~trqjmn
ZGOEGMNFDa
bD@LBZGUKCEBD@K@BD@B\KEBD@EU@GUN@MKONHIB@LFMKEN@ZBU@BD@
rktsvsmmsmn~rjwxmnjxmnmsktrisktxm|njxmnmrkrpqjwxmnmri~rqxmnsn
NBD@^NOBMKD@CIB@Dc@UNEKMFNFD]@UND@FCENCW^KFD]@gGK@TBDDNU@LKDTKMENM@
CND@ZBUGCFLNLKD@K@CND@TKDDBNDa@?D@B\MND@LK@NMgGFEKEGMN]@LK@
GM\NCFDUB]@LK@TNFDNWFDUB@K@BD@KDTNHBD@LKDEFCNLBD@`D@UNCFVKDENHzKD@
NMEDEFZBfZGOEGMNFD@TBLKU@WNC_NM@GUN@KSTMKDDIB@UKCBM@BG@UNFBM@
TNMN@B@TB^B]@LKTKCLKCLB@LB@TBCEB@LK@^FDEN@DB\MK@gGNFD@VGCHzKD@
TBLKMIB@ LKDKUTKC_NM]@ KCgGNCEB@ MKTMKDKCEKU@ DU\BOBD@ BG@
DFWCBD@FLKNOFhNLBD@e@^F^FLBD]@BG@gGK@TBDDNU@DKM@^F^KCZFNLBD@CB@
otovxnmmri|niortjmnswrpqjsmnsnsmujxmnjsvtxmnuxwsv}xnmsvn
ZBCDFLKMNLBD@ZBUB@TNDD^KFD@LK@TMKDKM^NHIB]@BG@DKMKU@MKOKWNLBD@
`@LKZNLCZFN@VDFZN]@FC^FN\FOFhNCLBfBD@`@DGDEKCEN\FOFLNLK@K@`@DGN@
vsotr~rj}xnujvjnpkmnsmttrqxm|nuxtrqxm|njvtmtrqxmnxonqxisvqrjrmn
K@EGMDEFZBDa@bD@ZBCGCEBD@GM\NCBD@K@DEFBD@LK@^NOBM@_FDEcMFZB]@
TNFDNWDEFZB]@\BECFZB]@TNOKBCEBOcWFZB]@NMgGKBOcWFZB]@NU\FKCENO@K@
qrsktpqxnuxwsinjworvrvnoijnwriskm}xnj~inwsnmojmnsuvsmmsmn
TGMNUKCEK@UNEKMFNFD]@TNMN@DK@ZBC^KMEKMKU@KU@0)')@gGK@
MKTMKDKCEKU@NDTFMNHzKD@LK@TBKDFN]@LK@NMEK]@LK@MKOFWFBDFLNLK]@LK@
ZBCEKUTONHIB]@LK@EMNCDZKCLCZFN]@BG@LK@TMNhKM]@LK@\KOKhN@K@LK@
KUBHIBa
?DDFU@ BD@ ^NOBMKD@ FCENCW^KFD@ TBLKU@ ZGUTMFM@ TNTFD@
FUTBMENCEDDFUBD@CB@TMBZKDDB@LK@LKDKC^BO^FUKCEB@ZGOEGMNO@LB@
W

uxyx|nus~xnmrkrpqjwxnwsnmsomnwsmsiusklxmnkxnqxktstxnwjmn
NDTFMNHzKD@LK@WMGTBD@DBZFNFD@K@LN@ZBUGCFLNLKa@bD@UFEBD]@BD@DBC_BD]@
ND@FLKNOFhNHzKD]@N@DN\KLBMFN@TBTGONM@K@B@FUNWFCeMFB@ZBOKEF^B]@
TNMN@ZFENM@NOWGCD@KSKUTOBD]@CIB@TBLKMIB@DKM@LKFSNLBD@LK@ONLB@CB@
KSNUK@LND@TBEKCZFNOFLNLKD@K@LN@MFgGKhN@LB@TNEMFUYCFB@FUNEKMFNO@
LN@DBZFKLNLK]@TKOB@TNTKO@DFU\cOFZB@gGK@TBLKMIB@ZGUTMFMa@NU\U@
xotvjmnxvijmnwsnrwsktrpqj}xnwxmns~sisktxmnuxvtjwxvsmnwsnyj~xvn
DKCDFEF^B]@TBLKU@ZBCLGhFM@`@TKMZKTHIB@LK@DFWCBD@KU\OKUeEFZBD]@
ZBUB@GUN@TNFDNWKU@KU@LFN@LK@EKUTKDENLK@BG@GU@TYM@LB@DBO]@
B\DKM^NLBD@TBM@GU@ENZFEGMCB@NWMFZGOEBM]@BG@TBM@GU@B^KU@KDEGLNCEK@
DKZGCLNMFDEN@LN@MKWFIB@UKEMBTBOFENCN@LK@IB@{NGOBa
?\DEMNFCLBfDK@N@UNEKMFNOFLNLK@FUNCKCEK@NBD@\KCD@ZGOEGMNFD@
ENCW^KFD]@B@_BUKU@EKU@N@^FMEGLK@LK@FUNCEefOBD@LK@ZBCEKLBD@
FUNEKMFNFD]@gGK@CIB@TBLKU@LKFSNM@LK@DKM@ZBCEKUTONLBD@CND@
N\BMLNWKCD@LKDEK@EKUN]@TBM@FCLFDTKCDe^KFD@`@TBOEFZN@LK@TMBUBHIB@
LN@ZGOEGMNa@IB@LK^KU@DKM@KSZOGLBD]@TBMENCEB]@LBD@TMBWMNUND@LK@
TMKDKM^NHIB@K@LND@UKLFLND@LK@NZNGEKONUKCEB@CN@LKVKDN@K@TMBEKHIB@
LB@TNEMFUYCFB@ZGOEGMNOa@NFD@NHzKD@K@FCFZFNEF^ND@DIB@FUTMKDZFCL^KFD@
WNMNCEFND@TNMN@ND@WKMNHzKD@VGEGMND]@gGK@EU@B@LFMKFEB@`@VMGFHIB@
LBD@\KCD@TBMENLBMKD@LK@ZBCEKLB@KUBZFBCNO]@KDEEFZB]@TOeDEFZB@K@
DKCEFUKCENOa@CK\MFNLBD]@TBFD]@LK@^NOBMKD@FCENCW^KFD]@FCEKWMNUfDK@
NB@TNEMFUYCFB@LBD@\KCD@TBMENLBMKD@LK@ZBCEKLB@_FDEcMFZB@K@ZGOEGMNO@
ijrmnuj~uysrmnsnusvqsutysrmnus~jnmojnijtsvrj~rwjws|nmopqrsktsn
TNMN@N@UNFD@DFUTOKD@LND@ZBUTMKKCDzKDa
U@UGFEBD@ZNDBD]@Dc@@TBDD^KO@ZBC_KZKM@N@DKCDF\FOFLNLK@
LND@TKDDBND@TNMN@N@^NOBMFhNHIB@LB@TNEMFUYCFB@FCENCW^KO]@gGNCLB@
DK@EKU@N@ZNTNZFLNLK@LK@CKOND@LKDTKMENM@BD@DKCEFUKCEBD@K@DBC_BD@
VGCLNUKCENFD@ZBUB@N@\KOKhN]@B@KCZNCENUKCEB@K@B@TMNhKM]@gGK@DKU@
L^FLN@DIB@^NOBMKD@GCF^KMDNFDa@KDEN@VBMUN]@TKON@DKCDF\FOFhNHIB@
LBD@DKCEFUKCEBD@K@TKON@TMeEFZN@KLGZNEF^N@K@ZGOEGMNO]@N@^NOBMFhNHIB@
LB@TNEMFUYCFB@FUNEKMFNO@TBLK@EMNCDVBMUNM@BD@\KCD@LK@^NOBM@OBZNO@BG@
MKWFBCNO]@KU@\KCD@LK@^NOBM@GCF^KMDNO]@LKTKCLKCLB@LN@ZNTNZFLNLK@
ZMFNEF^N@LK@FCEKMTMKEefOBD@CN@cEFZN@LN@GCF^KMDNOFLNLK@LK@DKGD@
KOKUKCEBDa@?DDFU]@TBMENCEB]@GU@UFEB]@GU@LBOB]@GU@DKCEFUKCEB]@
GUN@KTBTKFN@LK@^NOBM@TKZGOFNM@`@GUN@LKEKMUFCNLN@ZBUGCFLNLK]@
TBLKU@DK@EMNCDVBMUNM@KU@\KCD@LK@FCEKMKDDK@DGTMNOBZNO]@TNDDNCLB@N@
DK@TKMTKEGNM@K@N@DK@FCEKWMNM@NB@TNEMFUYCFB@ZGOEGMNO@LN@ZBUGCFLNLK@
CNZFBCNO@K@FCEKMCNZFBCNOa
KDGOEN]@TBFD]@N@TNMEFM@LKDEN@NCeOFDK]@LKDENZNM@N@FUTBMECZFN@
LBD@KDEGLBD@K@LND@TKDgGFDND]@gGK@TKMUFENU@FC^KCENMFNM@K@MKWFDEMNM@B@
ZBCGCEB@LBD@\KCD@LB@TNEMFUYCFB@UNEKMFNO@K@FUNEKMFNO]@FCLFDDBZFe^KFD@
K@FCLFDTKCDe^KFD@TNMN@N@ZBOKEF^FLNLKa@bD@^NOBMKD@NUNOWNUNLBD@
TKON@NZGOEGMNHIB@LBD@TB^BD@FCLWKCND@ZBU@BD@KGMBTKGD]@BD@_KMcFD@
~xqjrmnsnkjqrxkjrm|njnpovjmn~sskwvrjm|nxmnmtrxmnwjnqx~xkrj}x|n
LND@VMKCEKD@TFBCKFMND@K@LBD@gGFOBU\BD]@gGK@TMBLGhFMNU@_FDEcMFND@
LB@ZBEFLFNCB@K@TBKUND@_KMBFZBD@K@TFZBD@LB@TMBZKDDB@LK@BZGTNHIB@
LBD@CB^BD@EKMMFEcMFBD@K@DGND@UNCFVKDENHzKD@ZGOEGMNFD]@ZBCDEFEGKUf
DK]@DKU@L^FLN]@KU@KOKUKCEBD@TNDD^KFD@LK@DKMKU@FCZBMTBMNLBD@
NBD@TMBWMNUND@K@TMBKEBD@LN@TBOEFZN@ZGOEGMNO@\MNDFOKFMNa@?D@OKCLND@
ZBCDEFEGKUfDK@KU@EKUND@TNMN@K^KCEBD@N@DKMKU@KCZKCNLBD]@TBM@
KSKUTOB]@KU@KDTNHBD@T\OFZBD@BG@KU@/))+6-+/4.4()@DKLFNLND@KU@


TMLFBD@_FDEcMFZBD@MKZFZONLBD]@FCEKCZFBCNOUKCEK@ZBCZK\FLBD@TNMN@DK@
NGDENMKU@`D@UNCFVKDENHzKD@LK@OFEKMNEGMN@K@LND@NMEKDa
bD@DEFBD@_FDEcMFZBD@LK^KU@FCEKWMNM@B@NZKM^B@TNEMFUBCFNO@
\MNDFOKFMB]@TKON@DGN@FUTBMECZFN@NMgGKBOcWFZN]@NMgGFEKEYCFZN]@
GM\NCDEFZN@ K@ TNFDNWDEFZN]@ ZBUB@ TBLKU@ FCEKMKDDNM@ TNMN@ B@
ZFCKUN]@TNMN@B@EKNEMB]@TNMN@ND@NMEKD]@NDDFU@ZBUB@TNMN@B@EGMFDUB@
ZGOEGMNOa@?D@KSTKMFCZFND@_GUNCND@LK@ZBCDEMGHIB@LK@GU@CB^B@
UBLKOB@ZBCEKUTBMCKB@LK@^FLN@K@LK@GUN@CB^N@DBZFKLNLK]@
wxn wsmskyx~yrisktxn qrsktpqxn sn tsqkx~rqx|n jtvjymn wsn
KUTMKKCLFUKCEBD@UNEKMFNFD@ZBUB@N@ZBCDEMGHIB@LK@_FLMKOEMFZND]@
gGK@NEMNKU@GU@FCKDEFUe^KO@CUKMB@LK@KUTMKWBD@TNMN@UFWMNCEKD]@
UGFEND@^KhKD]@LK@GUN@MKWFIB@TNMN@BGEMN]@LK@GU@ZBCEFCKCEK@TNMN@
BGEMB]@DIB@TBEKCZFNOUKCEK@TBMENLBMND@LK@FCKDEFUe^KFD@^NOBMKD@LB@
TNEMFUYCFB@FUNEKMFNO@LKDEND@TBTGONHzKDa@?D@NDDBZFNHzKD@LK@\NFMMB]@
ND@BMWNCFhNHzKD@LN@ZBUGCFLNLK@K@ND@FCDEFEGFHzKD@LN@DBZFKLNLK@DIB]@
ENU\U]@FUTBMENCEKD@DKWUKCEBD@DBZFNFD@gGK@EMNhKU@FCGUKMe^KFD@
ZBCEMF\GFHzKD@NBD@UBLBD@LK@VNhKM]@LK@MKGCFM]@LK@TMBLGhFM@K@LK@
DK@KSTMKDDNM]@gGK@CIB@TBLKU@DKM@KSZOGLND@LND@TBOEFZND@LK@
TMBUBHIB@K@^NOBMFhNHIB@LB@TNEMFUYCFB@ZGOEGMNOa@bD@DKCEFUKCEBD@
gGK@TBEKCZFNOFhNU@K@KDEFUGONU]@TBM@KSKUTOB]@ND@TBOEFZND@LK@
LKDKC^BO^FUKCEB@LB@EGMFDUB@ZGOEGMNO]@KZBOcWFZB]@KDTBMEF^B]@LK@
N^KCEGMN@K@LK@ONhKM]@FUTMKWCNU@B@TNEMFUYCFB@UNEKMFNO@LK@^NOBMKD@
FCENCW^KFD]@DKU@BD@gGNFD@CIB@DKMFNU@BD@\KCD@GDGVMGLBD@TBM@
ZBCEFCWKCEKD@ZNLN@^Kh@UNFD@KSTMKDDF^BDa
nvjmr~nwstinuxtskqrj~rwjwsmnrksmtriysrmnkjnvsjnwxn
TNEMFUYCFB@ZGOEGMNO@K@NU\FKCENO]@ZNMNZEKMFhNLND@TKON@TOGMNOFLNLK@
wjmn suvsmmsmn ijrmn wrysvmrpqjwjmn wjmn ijkrsmtjsmn wxmn
DKGD@ LFVKMKCEKD@ WMGTBD@ VBMUNLBMKD@ LN@ DBZFKLNLK@ \MNDFOKFMN@
ZBCEKUTBMCKNa@BLND@ND@FCDECZFND@LN@NLUFCFDEMNHIB@T\OFZN]@
LND@GCF^KMDFLNLKD]@LND@KDZBOND]@LND@KUTMKDND@K@LND@ZBUGCFLNLKD@
EU]@TBMENCEB]@N@MKDTBCDN\FOFLNLK@LK@TMB^KM@TKOB@LKDKC^BO^FUKCEB@
K@TKON@TMKDKM^NHIB@LN@UKUcMFN@ZGOEGMNO]@ZGBD@\KCD@TMKZFDNU@DKM@
FC^KCENMFNLBD@K@TMKDEFWFNLBDa@b@gGK@EKU@DFLB@VKFEB@ENO^Kh@CIB@DKN@
B@\NDENCEK]@TNMN@B@UNFD@ZBUTOKEB@KUTMKKCLFUKCEB@gGK@N@EBLBD@
ZBC^BZNa@UTBMEN@N@ZBCDZFKCEFhNHIB@K@N@EBUNLN@LK@TBDFHIB]@TNMN@
gGK@ND@NLUFCFDEMNHzKD@UGCFZFTNFD]@KDENLGNFD@K@CNZFBCNO@NDDGUNU@B@
ZBUTMBUFDDB@LK@NMMKWFUKCENM@EBLBD@K@gGNCEBD@TBLKMIB@DK@KCWNNM@
CKDEK@UB^FUKCEB@TKOB@MKDWNEK@LK@UGFEBD@^NOBMKD@gGK@KDEIB@DKCLB@
MKOKWNLBD@N@GU@DKWGCLB@TONCB]@BG@KDEIB@DKCLB@FMMKUKLFN^KOUKCEK@
KDgGKZFLBD@BG@TKMLFLBDa
^FLKCEKUKCEK]@ND@TBOEFZND@LK@KLGZNHIB@K@ZGOEGMN@CIB@TBLKMIB@
BO^FLNM@BD@NDTKZEBD@gGK]@UGFEND@^KhKD@TBM@LKDZBC_KZFUKCEB]@
LKDN^FDB@BG@BUFDDIB]@DIB@TMKEKMFLBD@KU@LF^KMDND@ZBUGCFLNLKD@KU@
DGND@NHzKD@LK@TONCKNUKCEB@K@TMBWMNUNHIB@ZGOEGMNO]@EBMCNCLBfND@
yo~ksvysrmnmnrk@o3kqrjmnosnuxwsinwsmqjvjqtsvrjvnxmnyj~xvsmn
OBZNFD]@KU@LKEMFUKCEB@LK@FUTBDFHzKD@KSEKMCNDa@MNENfDK]@CKDEK@ZNDB]@
wjntvjkmsv3kqrjnwsnyj~xvsmnwsnoijnqo~tovjnujvjnxotvj|nwjnrk@o3kqrjn
gGK@TBLK@WKMNM@LBUFCNHIB@BG@FCEMBUFDDIB@FCLK^FLN@BG@LND@
vsmrmt3kqrjmnmniowjkjm|nsqljkwxmsnmnskpqjmnqxktvrorsmn
LN@FCEKWMNHIB@ZGOEGMNO]@LN@DGDEKCEN\FOFLNLK@K@LB@KDEUGOB@NB@
UEGB@ZBC^^FBa@{BM@FDDB]@LK^KU@DKM@KDEFUGONLBD@BD@LK\NEKD@
W

gGK@ZBC^FMFNU@DKM@FCEMBLGhFLBD@DB\MK@ND@gGKDEzKD@MKONZFBCNLND@`@
NZGOEGMNHIB@K@`@TMKDKM^NHIB@LB@ZNMeEKM@TKZGOFNM@LN@ZGOEGMN@OBZNOa@
DEK@EKUN@EKU@DFLB@e@KDEGLNLB]@UND@ENO^Kh@CIB@EKC_NU@DFLB@
KDWBENLND@ND@N^NOFNHzKD@LBD@NDTKZEBD@DBZFBOcWFZBD]@NCEMBTBOcWFZBD@
K@_FDEcMFZBfZGOEGMNFD]@TNMN@ZFENM@GU@KSKUTOB]@LN@EMNCDVKMCZFN@LK@
^NOBMKD@KGMBTKGD@TNMN@N@?UMFZN]@CN@eMKN@LND@OKEMND]@LND@NMEKD]@LN@
EKZCBOBWFN@BG@LN@NMgGFEKEGMNa
B@ZNDB@LN@TMBTNWNCLN@ZBUKMZFNO@TNMN@N@KSTNCDIB@LB@EGMFDUB@
MKZKTEF^B]@UGFEND@ZBUGCFLNLKD@KDEFUGONU]@KU@DGND@ZFLNLKD]@
N@TMBLGHIB@_BK@LK@GUN@NMgGFEKEGMN]@gGK@\GDZN@FUFENM]@BG@DK@
rwsktrpqjv|nqxinjnjvortstovjnwjnvsr}xnwxmn~usm|nuxvnssiu~x|n
xonwjn"oj|njyrsvjnxonwjnvsr}xniswrtsvv=ksjnkjnovxujn
OGDcMFN]@TNMN@GCD]@MKNOFDEN@TNMN@BGEMBD]@TBM@KDEFUGONM@B@ZMKDZFUKCEB@
LB@ZBUMZFB]@LN@FCLDEMFN@K@LB@EGMFDUB@MKZKTEF^B]@N@LKCBUFCNLN@
NMgGFEKEGMN@LK@-3 )'*-.nwsnrk@o3kqrjnyjvjnysinmskwxnxisktjwjn
CN@MKWFIB@DKMMNCN@LB@FB@!MNCLK@LB@GO]@CB@NOK@LB@ENN@KU@NCEN@
ANENMFCN]@KU@ANUTBD@LB@dBMLIB@KU@IB@{NGOB]@LKCEMK@UGFEBD@ZNDBD]@
ZBUB@GUN@UNMZN]@GU@DU\BOB@KU\OKUeEFZB@LK@GU@TMBLGEB@gGK@
KDEe@DKCLB@^KCLFLB@ZNLN@^Kh@UNFD@FCEKCDNUKCEKa@KFD@UGCFZFTNFD@
wsnrkqsktryxmnpmqjrmnsnovjkmtrqxmnt3inmrwxnjuvxyjwjmnujvjn
KDEFUGONM@N@ZBCDEMGHIB@LK@B\MND@LK@NMgGFEKEGMN@LFDZGE^KO]@TKON@DGN@
u~jmtrqrwjwsnj~mrpqjwjnmxnjnxvijnwsnujmtrqlsnnoijnysvwjwsrvjn
ZBONWKU]@KU@CBDDB@UKFB]@LK@GUN@NMgGFEKEGMN@gGK@CIB@@\MNDFOKFMN]@
CKU@NVKFEN@`@CBDDN@TNFDNWKU@K@NBD@CBDDBD@^NOBMKD@ZGOEGMNFDa@
@ENO@N@KSTKZENEF^N@LK@NOZNCHNM@B@DGZKDDB]@NEMN^D@LN@ZMFNHIB@LK@
GU@NU\FKCEK@GM\NCB]@NMgGFEKEYCFZB@K@TNFDNWDEFZB@ZBU@NTNMCZFN@
\e^NMN]@DGHN]@NGDEMNZN]@EFMBOKDN]@BG@DFUTOKDUKCEK@NOTFCN]@gGK@
gGNOgGKM@NTMBSFUNHIB@ZBU@B@Z_NUNLB@-'.1+-3 )'*-.@KGMBTKG@@
mopqrsktsnujvjnuvxuxvqrxkjvnjnvswo}xnxonjnrmsk}xnwxmnriuxmtxmn
DB\MK@N@TMBTMFKLNLK]@\KU@ZBUB@BD@KDEUGOBD@GM\NCDEFZBD@LBD@
~jkxmnrvstxvsmnujvjnjnrktskmrpqj}xnwjnqxkmtvo}x
@TMKZFDB]@TBFD]@GUN@ZKMEN@ZNGEKON@K@B@NTMBVGCLNUKCEB@LBD@
KDEGLBD@DB\MK@N@TMBLGHIB@LKDEKD@KOKUKCEBD@FOGDcMFBD@gGK@LFDEBMZKU@
N@MKNOFLNLK]@gGK@WKMNU@GU@FUNWFCeMFB@LK@ZBCEBD@LK@VNLND]@gGK@
TMBLGhKU@B@)'/0-a@NFD@VNEBD@CIB@BZBMMKU@NTKCND@CN@NMgGFEKEGMN]@
UND@KU@EBLND@ND@UNCFVKDENHzKD@ZGOEGMNFDa@@TMKZFDB@\GDZNM@N@
DGTKMNHIB@LND@ZBCEMNLFHzKD@KCEMK@^KMLNLKFMB@K@B@VNODB]@KCEMK@N@
FUFENHIB@K@B@NGECEFZB]@LN@FUTBMENHIB@LK@^NOBMKD@BG@LN@TMBLGHIB@
OBZNOa@?@ZcTFN@@GU@WKDEB@VeZFOa@CLFDTKCDe^KO@@N@\GDZN@LN@FLKCEFLNLK@
TMcTMFN@LBD@^NOBMKD@ZGOEGMNFD@LK@ZNLN@MKWFIB]@LK@ZNLN@OGWNM]@LK@ZNLN@
DEFB@BG@UNCFVKDENHIB@LK@ZGOEGMNa@?@ZGOEGMN@LK^K@DKM@KSTMKDDIB@LB@
VNhKM@_GUNCB]@LFNCEK@LBD@^NOBMKD@K@LBD@UKFBD@LK@TMBLGHIB]@LFNCEK@
LND@ZNMNZEKMDEFZND@OBZNFD@K@LB@UKFB@NU\FKCEK]@LBD@UBLBD@LK@^F^KM@
snwsnmojmnrk@o3kqrjmniuxvtj|ntxwjyrj|njnqvrjtryrwjwsnkxnjtxnwsn
NLNTENM]@NGDENM]@LK@WKMNM@CB^ND@DBOGHzKD@TKZGOFNMKD]@LFVKMKCEKD@K@
TMcTMFND@LK@ZNLN@OGWNMa@@VGCLNUKCENO@B@LKDKC^BO^FUKCEB@LK@NHzKD@
smusqpqjmnosnvsmo~tsinkoinsmxvxnwsnrktsvj}xnsktvsnjmnjvtsm|n
LN@NMEK@ZBU@N@EZCFZN]@LBD@^NOBMKD@_GUNCBD@ZBU@N@DKCDF\FOFLNLK@
TOeDEFZN]@LBD@ZBCLFZFBCNUKCEBD@NU\FKCENFD@ZBU@BD@^NOBMKD@OBZNFDa@
{BLKU@DKM@NTMB^KFENLND]@DFU]@ND@ZBCEMF\GFHzKD@ZMFNEF^ND@LK@VBMN]@


gGK@EMNhKU@ZGOEGMN]@gGK@KCMFgGKZKU@B@MKTKMEcMFB]@N@EKZCBOBWFN]@
B@ZBC_KZFUKCEB]@gGK@KDEFUGONU@B@LKDKC^BO^FUKCEB]@CIB@ZBU@N@
DFUTOKD@EMNCDTBDFHIB]@UND@ZBU@N@TKMDTFZNh@NLNTEN\FOFLNLK@TNMN@N@
TMBLGHIB@OBZNO@LND@CB^ND@ZBCEMF\GFHzKD@`@ZGOEGMNa@NU\U@LK^KU@
DKM@^NOBMFhNLND@ND@ZBCEMF\GFHzKD@gGK@TBLKU@DKM@OK^NLND@TNMN@
VBMN]@CGU@FCEKMZU\FB@TMBVZGB@K@KCMFgGKZKLBM@LK@ZBC^F^CZFN]@
KgGFO\MFB]@ZBBTKMNHIB@K@NTBFB@UEGBa
bD@LF^KMDBD@cMWIBD@LN@NLUFCFDEMNHIB@T\OFZN@CN@eMKN@
LB@TNEMFUYCFB@ZGOEGMNO@LKEU@B@FCKDEFUe^KO@FCDEMGUKCEB@LK@
ZBCWMKWNHIB@LK@EZCFZBD]@LK@KDTKZFNOFDEND@K@LK@LFMFWKCEKD@ZGOEGMNFDa@
?WKCEKD@LFMKEBD@LBD@TMBZKDDBD@LK@WKDEIB@LB@TNEMFUYCFB@ZGOEGMNO]@NB@
C^KO@LND@ZBUGCFLNLKD@OBZNFD]@MKWFBCNFD]@KDENLGNFD@K@CNZFBCNO]@KDEND@
BMWNCFhNHzKD@K@DGND@MKTMKDKCENHzKD@TBLKMIB@VBUKCENM@N@MKNOFhNHIB@
LK@FCUKMBD@VcMGCD@DB\MK@KDEKD@EKUND@MKONZFBCNLBD@NBD@^NOBMKD@
UNEKMFNFD@K@FUNEKMFNFD]@TNDD^KFD@LK@DNO^NUKCEB]@MKDWNEK]@TMBEKHIB]@
TMKDKM^NHIB@K@LFVGDIB@LB@TNEMFUYCFB@ZGOEGMNO@MFBfWMNCLKCDKa@{BM@
DKG@EGMCB]@BD@UGCFZTFBD@LFDTzKU]@\NDFZNUKCEK]@LK@EBLBD@BD@
FCDEMGUKCEBD@gGK@N@NLUFCFDEMNHIB@T\OFZN@TBLK@LFDTBM@TNMN@N@WKDEIB@
TMBNEF^N@LN@TMKDKM^NHIB@LB@TNEMFUYCFB@ZGOEGMNOa@NO@K^BOGHIB@ZBOBZN@
NB@NOZNCZK@LND@ZBUGCFLNLKD@OBZNFD@BD@UNFD@N^NCHNLBD@UKZNCFDUBD@
LK@WKDEIB]@LKCEMB@LND@OFUFENHzKD@ZBCGCEGMNFD@gGK@ZBCLFZFBCNU@N@
TMeEFZN@NLUFCFDEMNEF^Na@BUNLBD@KDEKD@KDVBMHBD@NBD@LB@DENLB@K@LN@
CFIB]@LK@VBMUN@FCEKWMNLBMN@K@ZBUTNE^KO@ZBU@B@LKDKC^BO^FUKCEB@
LN@CNZFBCNOFLNLK]@N@TBOEFZN@ZGOEGMNO@CKZKDDFENMe@LK@GU@KDVBMHB@LK@
ZBUTOKUKCENMFLNLK@K@LK@NLBHIB@LB@TMFCZTFB@LN@DG\DFLFNMFKLNLK@
kjnsmt}xnwjnjwirkrmtvj}xnu~rqjnmtxnosvnmrkrpqjv|nkxotvxmn
EKMUBD]@gGK@CIB@LK^K@N@CFIB@VNhKM@B@gGK@B@DENLB@TBDDN@VNhKM@
is~lxvn9}xnwsysnxnmtjwxnjsvnxnosnxmn okrqurxmnuowsvsin
is~lxvnvsj~rjvnsnk}xnwsysinxmn okrqurxmnsiuvsskwsvnxnosnjn
ZBUGCFLNLK@K@ND@BMWNCFhNHzKD@DBZFNFD@TGLKMKU@UKO_BM@ZBCZMKEFhNMa
|nqxktowx|njnksqsmmrwjwsnwsnrktskmrpqjvnjnxvjkrj}xnsn
N@NDDBZFNHIB@LND@ZBUGCFLNLKD@UGCFZFTNFD@K@UFZMBMMKWFBCNFD]@CN@
eMKN@LN@ZGOEGMN@K@LN@TMBEKHIB@LB@TNEMFUYCFB@_FDEcMFZB]@NMEDEFZB@
K@ZGOEGMNOa@NFD@TMeEFZND@TBLKMIB@DKM@NOZNCHNLND@UNFD@NLKgGNLN@
K@GMWKCEKUKCEK@TBM@BGEMND@VBMUND@LK@BMWNCFhNHIB@NDDBZFNEF^N@
K@WMKUFNO@LBD@UGCFZTFBD]@CN@UKLFLN@KU@gGK@B@UB^FUKCEB@
LK@KDEUGOB@`@ZBBTKMNHIB@TGLKM@TMBUB^KM@N@KON\BMNHIB@LK@
GU@6'1+6-+'/)+-+6-+1- '3/')@CN@ZBCDKM^NHIB@LK@DEFBD]@
LBD@\KCD@LK@^NOBM@_FDEcMFZB]@NMEDEFZB]@LBZGUKCENO@K@LB@TNEMFUYCFB@
ZGOEGMNO]@MKTMKDKCENEF^BD@LK@EBLND@ND@ZBCEMF\GFHzKD@DBZFBZGOEGMNFD@
LND@ ZBUGCFLNLKDa@ ABKSFDECZFN]@ DFU]@ LND@ LF^KMDFLNLKD@ CB@
MKZBC_KZFUKCEB@LBD@^NOBMKD@LK@ZNLN@WMGTB@K@LND@KSFWCZFND@
LK@ZBUTMKKCDIB]@ZBBTKMNHIB@K@ZBON\BMNHIB]@gGK@N@EFZN@CN@
TBOEFZN@ZGOEGMNO@MKgGKM@CN@TMeEFZN@LN@ZBCDKM^NHIB@LB@TNEMFUYCFBa@
CLFDTKCDe^KO@DK@EBMCN]@TBFD]@B@KDVBMHB@LBD@UNFD@NUTOBD@DKWUKCEBD@
LN@MKTMKDKCENHIB@LND@ZBUGCFLNLKD@UGCFZFTNFD]@TNMN@N@UB\FOFhNHIB@
KU@VN^BM@LB@LKDKC^BO^FUKCEB@LK@GUN@TBOEFZN@LK@TMFCZTFBD@K@
wsnuvtrqjmnosnrwsktrposinxmnyj~xvsmnmxqrjrmnvrxvrtvrxnnxn
MKZBC_KZFUKCEB@LN@^NOBMFhNHIB@LB@TNEMFUYCFB@DcZFBfZGOEGMNO@
CN@WKDEIB@LB@TONCKNUKCEB@UGCFZFTNO@K@CN@FUTOKUKCENHIB@LB@
TMBZKDDB@LK@KSKZGHIB@LN@TBOEFZN@ZGOEGMNO]@ZBU@N@ZBTNMEFZFTNHIB@
W1

LND@ZBUGCFLNLKD]@DKU@KSZOGDzKD@K@KDEFUGONCLB@B@VBMENOKZFUKCEB@
LB@ZNMeEKM@TKZGOFNM@K@B@ZBUTNMEFO_NUKCEB@LK@EBLND@ND@UNCFVKDENHzKD@
LBD@WMGTBD@VBMUNLBMKD@LN@DBZFKLNLK@\MNDFOKFMN]@NUTOFNCLB@K@
rktskmrpqjkwx|nwsmtjnxvij|njnqxkmtvo}xnwjnisivrjnqo~tovj~
de@^FUBD@gGK@EBLBD@BD@C^KFD@LK@DENLB@EU@ZBUTKECZFN@ZBf
UGU@TNMN@KVKEGNM@BD@UKFBD@CKZKDDeMFBD@TNMN@FUTKLFM@N@LKWMNLNHIB@
K@LKDEMGFHIB@LBD@\KCD@ZGOEGMNFDa@A_NUNUBD@`@NEKCHIB@LKCEMK@BD@
isrxmnwsnuvsmsvyj}xnqo~tovj~|nxnujus~nwxn okrqurxnkjnvsj~rj}xn
LKDDN@ENMKVNa
nqxioinysvrpqjvixmnkjmnsmtvotovjmnjwirkrmtvjtryjmnwxmn
UGCFZTFBD]@KZMKENMFND@LK@AGOEGMN@gGK@NEGNU@CN@TMBUBHIB@K@CN@
TMKDKM^NHIB@LK@UNCFVKDENHzKD@ZGOEGMNFDa@CEMKENCEB]@NFCLN@_e@EUFLN@
MKONHIB@KCEMK@ND@NHzKD@LND@KZMKENMFND@LK@AGOEGMN@K@LND@KZMKENMFND@
LK@KDKC^BO^FUKCEB@M\NCBa
NFD@BMWNCFDUBD@NLUFCFDEMNEF^BD@KDEMGEGMNUfDK@KU@MNhIB@LND@
ZBUTKECZFND@UGCFZFTNFD@EMNHNLND@CN@ABCDEFEGFHIB@JKLKMNO
rvtnnxiustsnjxmn okrqurxm
@@OKWFDONM@DB\MK@NDDGCEBD@LK@FCEKMKDDK@OBZNO
@@DGTOKUKCENM@N@OKWFDONHIB@VKLKMNO@K@N@KDENLGNO@CB@gGK@ZBGf
\KM
aaa
55e e5e55ey5e5e e5
ez5 5z e55eez5e5e5e5g
z e555ee5e5eze5ye
h55e e55ee5e5 8e5e55zg

zx5 e
?@KON\BMNHIB@LB@TONCKNUKCEB@GM\NCDEFZB@TBM@KSZKOCZFN@K@
LND@CBMUND@gGK@KVKEF^NUKCEK@FCEKMVKMKU@CN@EMNCDVBMUNHIB@LN@BMf
WNCFhNHIB@GM\NCN@@UFDDIB@MKUKEFLN@`@KCEFLNLK@gGK@MKTMKDKCEN@N@
ZBUGCFLNLK@OBZNO]@ZGB@FCEKMKDDK@CN@gGKDEIB@@LFMKEB@K@FUKLFNEBa
Xvjtjms|nuxrm|nwsnwspkrvnxnsmujxnsinosnljrtjnwstsvirkjwjn
ZBUGCFLNLK]@_N^KCLB]@TBMENCEB]@LK@TMKLBUFCNM@DKGD@FCEKMKDDKD]@
jrkwjnosnmoistrwxmnjxmnqxktxvkxmnpjwxmnus~jn~srm~j}xnswsf
MNO@K@KDENLGNOa
xiustsnjxn okrqurx|njmmri|nqxiu~sisktjvnxnvx~nwsnxsf
tryxmnwjnux~trqjnwsnwsmskyx~yrisktxnovjkx|nsmusqrpqjkwx|nwstrf
LNUKCEK]@ND@OFUFENHzKD@K@ND@LKEKMUFCNHzKD@N@DKMKU@B\DKM^NLND@CB@
EMNEB@LN@TMBTMFKLNLK@GM\NCN@BG@MGMNO@DB\@DGN@WGNMLNa
jsnjxn okrqurxnjnwrqr~nsnokwjisktj~ntjvsjnwsnjyj~rjvnjn
qrwjwsnqxixnointxwx|nysvrpqjkwxnsinmsontsvvrtvrxnjnis~lxvnmxf
OGHIB@TNMN@BD@TMB\OKUND@WKMNLBD@TKON@GM\NCFhNHIB@LKDZBCEMBONLN]@
\KU@ZBUB@TMK^KCFM@DFEGNHzKD@LK@MFDZB@DBZFNO]@BMWNCFhNCLB@eMKND@K@
KDEFUGONCLB@N@MKWGONMFhNHIB@VGCLFeMFNa
nqxiust3kqrjn okrqruj~nsinijtvrjnwsnwrvsrtxnovjkmtrqxn
k}xnmsnvsmtvrks|njrkwj|nnxvjkrj}xnwspkrwjnkxnjvtnnwjnxkmf
EFEGFHIB@JKLKMNOa@GN@NEGNHIB@@NUTOFNLN@TBM@VBMHN@LB@NMEa@PR@LN@
ANMEN@JGCLNUKCENO@gGK@EMNEN@LN@{BOEFZN@M\NCN@K@ZBCVKMK@ZBCEKf
LB@NB@TMFCZTFB@LN@VGCHIB@DBZFNO@LN@TMBTMFKLNLK]@GUN@^Kh@gGK@@B@
TONCB@LFMKEBM]@OKF@UGCFZFTNO]@gGK@KDEN\KOKZK@BD@MKgGFDFEBD@K@ZBCLFf
HzKD@TNMN@B@ZGUTMFUKCEB@LNgGKOK@TMFCZTFB@ZBCDEFEGZFBCNO


X?MEa@PRa@?@TBOEFZN@LK@LKDKC^BO^FUKCEB@GM\NCB]@KSKZGENLN@
us~xnxwsvn~rqxniokrqruj~|nqxkxvisnwrvstvrsmnsvjrmnpjwjmn
KU@OKF]@EKU@TBM@B\KEF^B@BMLKCNM@B@TOKCB@LKDKC^BO^FUKCEB@LND@VGCf
HzKD@DBZFNFD@LN@ZFLNLK@K@WNMNCEFM@B@\KUfKDENM@LK@DKGD@_N\FENCEKDa
wn
nnu~jkxnwrvstxv|njuvxyjwxnus~jn=ijvjn okrqruj~|nxvrf
WNEcMFB@TNMN@ZFLNLKD@ZBU@UNFD@LK@^FCEK@UFO@_N\FENCEKD]@@B@FCDf
EMGUKCEB@\eDFZB@LN@TBOEFZN@LK@LKDKC^BO^FUKCEB@K@LK@KSTNCDIB@
GM\NCNa
L@@?@TMBTMFKLNLK@GM\NCN@ZGUTMK@DGN@VGCHIB@DBZFNO@gGNCLB@
NEKCLK@`D@KSFWCZFND@VGCLNUKCENFD@LK@BMLKCNHIB@LN@ZFLNLK@KSTMKDf
DND@CB@TONCB@LFMKEBMa[
?@N^NOFNHIB@K@MKWGONUKCENHIB@LND@gGKDEzKD@GM\NCND@TKOB@KCEK@
UGCFZFTNO@DK@LNMe]@CKZKDDNMFNUKCEK]@DB\@N@cEFZN@DBZFNO@gGK@N@ABCDf
EFEGFHIB@JKLKMNO@KDEN\KOKZK@KU@DKG@FCZFDB@]@LB@NMEa@@ZBU\Ff
CNLB@ZBU@B@NMEa@PRa
sysv|nuxvtjktx|nxn okrqurx|njtojvnkjnpmqj~rj}xnsnriu~sf
UKCENHIB@LBD@TMFCZTFBD@ZBCDEFEGZFBCNFD@TBM@UKFB@LBD@FCDEMGUKCf
txmnwspkrwxmnus~xnmtjtotxnwjnrwjws|nkxvijnswsvj~nwsnqjvtsvn
WKMNO@gGK@ZBCVKMK@NB@KCEK@OBZNO@UKFBD@TNMN@KVKEF^NM@N@ZBCVBMUFLNLK@
LN@TMBTMFKLNLK@T\OFZN@K@TMF^NLN@`@VGCHIB@DBZFNOa
|nxotvxmmri|nxniokrqurxnosnwspkrvnxmnujmmxmnqxkqvstxmnosn
B@LKDKC^BO^FUKCEB@GM\NCB@LNMe]@GUN@^Kh@gGK@ZN\K@TMF^NEF^NUKCEK@
N@KDEK@KCEK@B@EMNENUKCEB@OKWNO@LK@NDDGCEBD@LK@FCEKMKDDK@OBZNO@KU@
UNEMFN@LK@TBOEFZN@LK@LKDKC^BO^FUKCEB@GM\NCB]@ZBOBZNCLBf
DK@ZBUB@FCDEMGUKCEB@\eDFZB@LKDDN@TBOEFZN@B@ze5e5
ye5juvxyjwxnus~jn=ijvjn okrqruj~nsnxvrjtvrxnujvjnqrwjf
LKD@ZBU@UNFD@LK@^FCEK@UFO@_N\FENCEKDa[@
inijtvrjnwsnrvsrtxn%vjkmtrqx|nuxvtjktx|nxn okrqurxnn
KCEK@LK@ZBUTKECZFN@LKDENZNLN@O_K@DKCLB@ZBCVKMFLB@B@LK^KM@K@B@
LFMKFEB@LK@FCEKMVKMFM@CN@LFDZFTOFCN@LN@TMBTMFKLNLK@OBZNO]@LNCLB@N@KDEN@
ZBCEKLB@DBZFNOa
KDDK@NDTKZEB]@LKDENZNUBD@gGK@N@KF@JKLKMNO@C@P2a22P]@
B@DENEGEB@LN@AFLNLK]@LFDTzK@gGK@TBOEFZN@GM\NCN@EKU@TBM@B\KEF^B@
BMLKCNM@B@TOKCB@LKDKC^BO^FUKCEB@LND@VGCHzKD@DBZFNFD@LN@ZFLNLK@K@
LN@TMBTMFKLNLK@GM\NCN]@B\DKM^NCLB@B@LK^KM@LK@TMBEKHIB]@TMKDKM^Nf
HIB@K@MKZGTKMNHIB@LB@UKFB@NU\FKCEK@CNEGMNO@K@ZBCDEMGLB]@LB@TNf
EMFUYCFB@ZGOEGMNO]@_FDEcMFZB]@NMEDEFZB]@TNFDNWDEFZB@K@NMgGKBOcWFZBa@
FCZFDB@]@NMEa
@LK@DK@DN\KM@gGK@GUN@LND@VGCHzKD@LB@WB^KMCB@OBZNO@@N@
LK@FUTOKUKCENM@N@TBOEFZN@GM\NCN@NEMN^D@LB@{ONCB@FMKEBM@K@
LK@TONCBD@KDTKZFNFD@LK@^NOBMFhNHIB@K@TMKDKM^NHIB@LK@\KCD@LK@
FCEKMKDDK@ZGOEGMNO@K@CNEGMNOa
%inwxmnxstryxmnuvsisktsmnwxn~jkxnrvstxvn okrqruj~nnjn
ZBCGWNHIB@LB@TONCKNUKCEB@LB@EKMMFEcMFB@GM\NCB@ZBU@N@TMBEKHIB@
LB@TNEMFUYCFB@ZGOEGMNO]@KDTKZFNOUKCEK@NgGKOK@LK@CNEGMKhN@FUc^KOa
K^KUBD@DN\KM]@NFCLN]@gGK@N@KON\BMNHIB@LB@{ONCB@FMKEBM@
CKZKDDNMFNUKCEK@LK^KMe@DKM@NZBUTNC_NLN@K@DGKFEN@`@TNMEFZFTNHIB@
sstryjnwxmnqrwjw}xmnwjnqrwjws|njnpinwsnjvjktrvnjnsmt}xnwsixqvf
EFZN@LB@KDTNHB@GM\NCBa
@CKZKDDeMFB@TMBUB^KM@NGLFCZFND]@LK\NEKD]@ZBCDGOEND@T\OFZND]@
ZBCVKMCZFND@DB\MK@NDDGCEBD@LK@FCEKMKDDK@GM\NCB]@CBD@C^KFD@
W7

CNZFBCNO]@KDENLGNO@K@UGCFZFTNO@@FCZFDB@]@NMEa@LB@DENEGEB@LN@
rwjwsnmtjs~sqsv|nskpi|noktxnwjnqxiokrwjwsn~xqj~|nvs@ssmn
DB\MK@ZBUB@gGKMKUBD@^F^KM@N@ZFLNLK@LK@CBDDBD@LFND@DKU@TKMLKM@
CBDDN@FLKCEFLNLKa
?@LKUBZMeEFZN@TNMEFZFTNHIB@TBTGONM]@LK^FLNUKCEK@FCVBMUNLN@K@
KDZONMKZFLN]@@FUTMKDZFCL^KO@TNMN@WNMNCEFM@GU@BMLKCNUKCEB@GM\Nf
kxnosnvs@rtjnjnuvsxqouj}xnqo~tovj~|njnujvtrvnwsnxkwsnmsnqxkqvstrf
hNMe@GUN@ZFLNLK@ZBUB@gGKMKUBDa
KDEN@B\DKM^NM]@LKDEN@VKFEN]@DK@KDEe@BZBMMKCLB@KU@CBDDND@ZFLNf
LKD@BTBMEGCFLNLKD@LK@N\BMLNMUBD@ND@gGKDEzKD@KC^BO^KCLB@N@TMBEKf
}xnwxmnskmnqo~tovjrm|nxonmsnjmnjsmn~xqjrmnjrkwjnvsmtjinrkmopf
ZFKCEKD@TNMN@EMNENMUBD@N@^NOBMFhNHIB@LK@CBDDN@FLKCEFLNLK@ZGOEGMNOa
sysixm|njrkwj|nvs@strv|nmxvsnjnvsusvqomm}xnskpqjnwjnuvsf
DKM^NHIB@LK@FUc^KFD@LK@^NOBM@NMgGFEKEYCFZB]@K@UGLNMUBD@CBDDND@
^FDzKD@NZKMZN@LND@MKDTBCDN\FOFLNLKD@gGK@GU@EBU\NUKCEB@BG@gGNOf
gGKM@BGEMN@UKLFLN@NLUFCFDEMNEF^N@MKDEMFEF^N@LBD@LFMKFEBD@LK@TMBTMFKf
LNLK@TMF^NLN]@^KKU@N@MKTMKDKCENMa
K@ZKMEB]@ZFLNLKD@ZGN@TMKDKM^NHIB@LB@TNEMFUYCFB@FUB\FOFef
MFB@ZGOEGMNO@@KVKEF^N]@EBMCNUfDK@UNFD@NEMNKCEKD@N@FC^KDEFUKCEBD@
K@NB@EGMFDUB]@B@gGK@K^FLKCEKUKCEK@@LK@FCEKMKDDK@LK@EBLBD@K@ZBCVKMK@
NGEB@f@DGDEKCEN\FOFLNLK@NBD@\KCD@gGK@B@FCEKWMNUa
jrmnwxnosnuvsyrmsmn~srm~jtryjmnjnuvxts}xnwxnujtvrif
CFB@ZGOEGMNO@LKTKCLK@LK@UKLFLND@TBOEFZND@K@@TBM@FDDB@gGK@NB@TBf
LKM@KSKZGEF^B@ZN\K@WMNCLK@MKDTBCDN\FOFLNLK@K@`@DBZFKLNLK@ZN\K@DKM@
NEKCEN@`D@UKLFLND@EBUNLNDa
IB@DK@TBLKMe@NLUFEFM@gGK]@CN@BZNDFIB@LN@KON\BMNHIB@LBD@TONf
CBD@LFMKEBMKD@UGCFZFTNFD]@DK@BUFEN@N@CKZKDDFLNLK@LK@N^NOFNM@K@LK@
MKTKCDNM@N@VGCHIB@ZGOEGMNO@LKDDK@FCDEMGUKCEB@KOKUKCENM@LK@FUTONCf
ENHIB@LN@TBOEFZN@GM\NCNa@MNENfDK@UKDUB@LK@LFMKFEB@DG\KEF^B@LK@
txwxmnsnwsnwrvsrtxnokwjisktj~njnmsvnvsmusrtjwxnus~xnmtjwxnvjf
DFOKFMBa
?D@NHzKD@T\OFZND@UGCFZFTNFD@LK^KU@KDENM@NEKCEND@N@CKZKDDFLNf
LK@LK@KLGZNM@N@DBZFKLNLK@K@TMBUB^KM@N@^NOBMFhNHIB@K@TMKDKM^NHIB@
LB@TNEMFUYCFB@FUB\FOFeMFB@ZGOEGMNO@KSFDEKCEK]@gGK@EMNCDUFEFMe@`D@WKf
MNHzKD@VGEGMND@B@DKCEFLB@LBD@^NOBMKD@K@LN@FLKCEFLNLK@NEGNFDa
U\BMN@EKC_NUBD@^eMFND@NOEKMCNEF^ND@K@GU@MKWFUK@LK@TMKDKMf
^NHIB@ZGOEGMNO@gGK@MKUBCEN@`D@ABCDEFEGFHzKD@JKLKMNO@K@LBD@DENLBD]@
NDDFDEFUBD@FCZMLGOBD@`@LKWKCKMNHIB@LK@CBDDN@_FDEcMFN]@TMKDKCZFNf
UBD@N@BUFDDIB@LBD@KCEKD@TBOEFZBD@K]@NFCLN]@`@TNDDF^FLNLK@FCDcOFf
tjnwsnkmnismixm|nwrjktsnwsntirwjmnsnrkmopqrsktsmntsktjtryjmnwsn
UNCEKMUBD@^F^ND@NOWGUND@ZBCDEMGHzKD@K@UBCGUKCEBD@LK@MKOK^Cf
ZFN@ZGOEGMNOa
KM@GUN@ZFLNLK@TMKDKM^NLN]@NEMN^D@LK@FCFZFNEF^ND@T\OFZND@K@
TMF^NLND]@LKUBCDEMN@ZBCDZFCZFN@ZGOEGMNO]@LNCLB@BTBMEGCFLNLK@LK@
EMNCDUFEFM@`D@WKMNHzKD@VGEGMND@B@gGK@DBUBD@_BK]@LNCLBfO_KD@MKVKf
MCZFND@_FDEcMFZND@K@VBMENOKZKCLB@BD@ONHBD@KU@ZBUGUa@bUFEFMUBf
fCBD@LFNCEK@LKDDND@CKZKDDeMFND@UKLFLND@VNMe@ZBU@gGK@CBD@KDgGKHNf
UBD@LK@gGKU@CcD@DBUBDa
?LNTENLB@LK@dBD@?O\NCB@BOUKM@K@NE_eOFN@?MMGLN@!GFf
UNMIKDa


./6783749/2/;:6871=0/106;98./
F^KMDBD@NDTKZEBD@OFWNLBD@`@ZGOEGMN@ZBCEMF\GKU@DB\MKUNCKFMN@
TNMN@N@MKTMBLGHIB@LK@GUN@DBZFKLNLK@LF^FLFLN@TKON@EKZCBOBWFN]@
TBLKCLB@DK@LFhKM@gGK@DIB@NB@UKDUB@EKUTB@DGN@ZNGDN@K@
qxkmso3kqrj|nuxrmnmsnk}xnuxwsixmnjpvijvnjnsrmt3kqrjnwsn
MK^BOGHzKD@EKZCBOcWFZND@DKU@EMNCDVBMUNHzKD@ZGOEGMNFD]@ENU\U@
CIB@TBLKUBD@CKWNM@B@TNTKO@LN@EKZCBOBWFN@CN@ZBCVBMUNHIB@ZGOEGMNO@
LN@DBZFKLNLKa
nuxmmys~njpvijvixmnosnjmnmxqrswjwsmnqvrjinoinrijrkvrxn
jtvjymnwxnoj~nmsnvsuvxwosi|nrwsktrpqjkwxnxnvouxnmxqrj~|n
LFDEMF\GFCLB@FLKCEFLNLKD@K@TNTFD]@KSTMKDDNCLB@BD@LKDKBD@K@
B\KEF^BD@ZBOKEF^BD]@LK@UBLB@gGK@EBLND@KOND@DK@NGEB@MKVKMKCZFNU@
jnujvtrvnwsnmojmnkxvijmnsnyj~xvsmnpjwxmnmrix~rqjiskts|nqxixn
wrnrsvvsnkmjvtnwsx~xrjm|nqxk@rtxmnsnuxwsvnjljv|nrx|n
#Z
KWGCLB@B@{{MBWMNUN@LND@NHzKD@CFLND@TNMN@B@
KDKC^BO^FUKCEB]@ ZGOEGMN@ CIB@ TBLK@ DKM@ ZBCDFLKMNLN@ ZBUB@
GU@ZBCGCEB@ZMFDENOFhNLB@LK@^NOBMKD@K@TMeEFZND]@TBM@MKZMFNMfDK@
TKMUNCKCEKUKCEK@`@UKLFLN@gGK@ND@XTKDDBND@gGKDEFBCNU]@NLNTENU@
snvswspksinxmnmsomnyj~xvsmnsnuvtrqjmnsinok}xnwjniowjkjnwjmn
MKNOFLNLKD@K@LN@EMBZN@LK@FLKFND[a
K@gGNOgGKM@UBLB]@@TBDD^KO@TKCDNMfDK@KU@ZGOEGMN@ZBUB@
GU@ZBCGCEB@LK@NDTKZEBD]@TMBZKDDBD]@MFEGNFD]@_e\FEBD]@ZMKCHND@K@
^NOBMKD@gGK@WNMNCEKU@B@MKZBC_KZFUKCEB@LK@GUN@FLKCEFLNLK@N@GU@
LKEKMUFCNLB@WMGTB@DBZFNOa@CVKOFhUKCEK]@KCEMKENCEB]@N@ZGOEGMN@@
gGNDK@DKUTMK@^FDEN@ZBUB@TMBTMFKLNLK@LBD@WMGTBD@_KWKUYCFZBD]@
osnomqjinjnwsmoj~rpqj}xnwxmnmstxvsmnwxirkjwxm|nq~jmmrpqjkwxn
DGND@UNCFVKDENHzKD@ZGOEGMNFD@ZBUB@VBOZOcMFZND]@NEMF\GFCLBfO_KD@
NDDFU]@GU@ZGC_B@LKTMKZFNEF^Ba
rkwjnmsokwxnxn9%nnuxmmys~nrwsktrpqjvmsnwojmnxvijmn
LK@KSZOGDIB@DBZFNO@N@LB@UBLB@LK@^FLN]@gGK@CKWN@B@MKZBC_KZFUKCEB@
K@NZKFENHIB@LK@GU@KDEFOB@LK@^FLN@LK@GU@WMGTB]@NB@FCDFDEFM@KU@gGK@
ZNLN@GU@^F^N@ZBUB@EBLN@N@DBZFKLNLK@K@N@LN@TNMEFZFTNHIB]@gGNCLB@
N@LFDZMFUFCNHIB@LND@TKDDBND@ND@ZBOBZN@KU@LKD^NCENWKU@CND@
BTBMEGCFLNLKD@DBZFNFD]@TBOEFZND@K@KZBCYUFZND@KU@VGCHIB@LK@DGN@
FLKCEFLNLK@ZGOEGMNOa
?DDFU]@ZBCDFLKMNCLB@N@ZGOEGMN@ZBUB@GU@LBD@KOKUKCEBD@
VGCLNUKCENFD]@CB@TMBZKDDB@LK@LBUFCNHIB@K@KCEKCLKCLB@NFCLN@
gGK@ND@NHzKD@LB@NTNMKO_B@ZGOEGMNO]@KU\BMN@ZGUTMNU@B@TNTKO@LK@
WNMNCEFM@N@UNCGEKCHIB@K@MKTMBLGHIB@LN@FLKBOBWFN@LBUFCNCEK@K]@
ZBCDKgGKCEKUKCEK]@ LN@ KDEMGEGMN@ DBZFBKZBCYUFZN@ LBUFCNCEK]@
ENU\U@TBLKU@OK^NM@NB@gGKDEFBCNUKCEB@LKDEN@KDEMGEGMN@LK@
LBUFCNHIB]@DKCLB@K^FLKCEK@N@CKZKDDFLNLK@LK@DK@NEGNM@CKDEK@ZNUTB]@
KU@\GDZN@LN@DGTKMNHIB@LND@DFEGNHzKD@LK@LBUFCNHIB@^FWKCEKDa
Xjrmnxmsvyjsmnkxmn~syjinjnjpvijvnjnksqsmmrwjwsnwsnmsn
WNMNCEFM@B@NZKDDB@LBD@DKEBMKD@LBUFCNLBD@NB@DKFB@LN@ZGOEGMN@LN@
DBZFKLNLK]@ZBUB@GUN@LND@VBMUND@LK@DGTKMNHIB@LN@DFEGNHIB@LK@
LBUFCNHIB@KSFDEKCEK]@CGU@TMBZKDDB@gGK@TBLK@DKM@LKCBUFCNLB@
W8

LK@Xz e5zz[]@CB@gGNO@@N\DBOGENUKCEK@CKZKDDeMFB@
gGK@BD@NDTKZEBD]@TMBZKDDBD]@ZMKCHND]@KEZa@LKDEKD@WMGTBD@ENU\U@
DKNU@OK^NLBD@NBD@WMGTBD@_KWKUYCFZBD@@BG@DKN]@B@TMBZKDDB@LK@
NONMWNUKCEB@ZGOEGMNO@LK^K@BZBMMKM@KU@^FN@LK@UIB@LGTONa
b@KSKUTOB@LND@GCF^KMDFLNLKD@gGK@^KU@GEFOFhNCLB@B@DFDEKUN@
LK@ZBEND@LK@NZKDDB@TNMN@CKWMBD]@gGK@TNDDNMNU@N@DBVMKM@GUN@
KSTOFZe^KO@K@GDEN@TMKDDIB@TNMN@FCZBMTBMNMKU@KU@DKGD@ZGMMZGOBD@
ZBCEKLBD@DB\MK@N@_FDEcMFN@LN@VMFZN@K@LN@TNMEFZFTNHIB@LBD@CKWMBD@
CB@LKDKC^BO^FUKCEB@LN@ZGOEGMN@LB@TND@@GU@VBMEK@FCLFZNEF^B@LN@
FUTBMECZFN@LKDEK@LGTOB@DKCEFLB@LB@TMBZKDDB@LK@NONMWNUKCEB@
ZGOEGMNOa
!MNUDZF@GEFOFhN@B@ZBCZKFEB@LK@_KWKUBCFN@TNMN@KSTOFZNM@B@
ZBCEMBOK@LB@DENLB@\GMWGD@DB\MK@FLKFND@K@FCDEFEGFHzKD@CB@KSKMZZFB@
LN@LBUFCNHIB@TBOEFZN]@B\DKM^NCLB@gGK@B@ZBCEMBOK@gGK@ND@ZONDDKD@
LBUFCNCEKD@KSKMZKU@DB\MK@N@ZONDDK@LBUFCNLN]@CB@ZNUTB@LN@
ZGOEGMN]@MKLGh@N@CKZKDDFLNLK@LK@GDB@LN@VBMHN@VDFZN]@B@gGK@CBD@OK^N@
njpvij}xnwsnosnxmnjtxvsmn~rjwxmnwrvstjisktsnjxnuvxqsmmxn
TMBLGEF^B@CIB@DIB@BD@CFZBD@MKDTBCDe^KFD@TKOB@KSKMZZFB@LB@TBLKM]@
LN@N@FUTBMECZFN@LK@DK@EMN^NM@GUN@VBMEK@OGEN@TKON@DGTKMNHIB@LK@
GUN@DFEGNHIB@LK@LBUFCNHIB]@NB@C^KO@LND@FLKFND@K@LND@VBMUNHzKD@
ZGOEGMNFD
nuxmmys~njpvijvixmnosnsmtsnrkqrxnwsnmqo~xnysinmsn
ZNMNZEKMFhNCLB@TKON@BZBMMCZFN@LK@WMNCLKD@EMNCDVBMUNHzKD@LK@ZGC_B@
KZBCYUFZB@K@DBZFNO]@gGK@NZKCNU@ZBU@GUN@TBDDF\FOFLNLK@ZBCZMKEN@
LK@DGTKMNHIB@LB@gGNLMB@LK@VBMEK@KSZOGDIB@DBZFNO]@WKMNLB@TBM@GUN@
DBZFKLNLK@ZNMNZEKMFhNLN@TBM@GUN@ZGOEGMN@KU@gGK@ND@EKZCBOBWFND@LK@
FCVBMUNHIB@K@ZBUGCFZNHIB@ZGUTMKU@GU@TNTKO@LK@LF^FDBMND@DBZFNFD@
K@CIB@LK@FCEKWMNLBMNDa
?B@B\DKM^NM@B@UGCLB@NEMN^D@LK@DGN@ZGOEGMN@B@_BUKU@EKCLK@N@
ZBCDFLKMNM@B@DKG@UBLB@LK@^FLN@ZBUB@B@UNFD@ZBMMKEB@K@CNEGMNOa@DEN@
EKCLCZFN@NB@KECBZKCEMFDUB@TBLK@DKM@MKDTBCDe^KO@TKON@BZBMMCZFN@
wsnrkisvxmnqxk@rtxmnmxqrjrmnjxnuvxixysvnjnwrmqvrirkj}xnwxmnosn
DIB@LFVKMKCEKD]@TKMEKCZKU@N@BGEMB@WMGTB]@KEZa]@OK^NCLB@N@gGK@DGND@
TMeEFZND@ZGOEGMNFD@DKNU@EMNENLND@LK@UBLB@LKTMKZFNEF^Ba
{KCDNM@KU@GUN@DBZFKLNLK@UNFD@GDEN@FUTOFZN@KU@EMFO_NM@GU@
ZNUFC_B@gGK@ZBCLGhN@`@UBLKMCFhNHIB]@ZBU@\NDK@KU@GU@DFDEKUN@
TMBLGEF^B@gGK@CIB@DK@ZNMNZEKMFhK@TKON@NZGUGONHIB@DKO^NWKU@LK@
ZNTFENO]@MKDGOENCEK@LK@GU@TMBZKDDB@^FBOKCEB@LK@KDTBOFNHIB@LK@^NOBM@
LB@EMN\NO_B@K]@ZBCDKgGKCEKUKCEK]@LK@LKDTMKhB@TKOB@_BUKU]@UND@
DFU]@\NDKNLB@KU@GU@DFDEKUN@TMBLGEF^B@gGK@CIB@NTKCND@MKDTKFEK@
B@_BUKU@ZBUB@KOKUKCEB@VGCLNUKCENO@LKDDK@DFDEKUN]@UND@
TMFCZFTNOUKCEK]@gGK@B@EMNEK@ZBUB@B@B\KEF^B@ZKCEMNO@LB@TMBZKDDBa
{NMN@ ENO]@ @ CKZKDDeMFB@ ZBCDEMGFM@ GUN@ DBZFKLNLK@ ZGB@
VGCLNUKCEB@EFZB@DKN@B@MKDTKFEB@`@LFWCFLNLK@_GUNCN]@B@gGK@
FUTOFZN]@B\^FNUKCEK]@CN@NLBHIB@LK@TBOEFZND@LK@LFDEMF\GFHIB@LK@
MFgGKhND@ZBKMKCEK@ZBU@B@LKDKC^BO^FUKCEB@TMBLGEF^B]@ND@gGNFD@
TKMUFENU@`@DBZFKLNLK@ZBUB@GU@EBLB]@K@CIB@NTKCND@N@GUN@MKLGhFLN@
ujvtsnwsmtj|nmsnskspqrjvnwxnsmxvxnqx~stryx
JNONM@KU@LFDEMF\GFHIB@LK@MFgGKhND@K^BZN]@FCFZFNOUKCEK]@N@
FLKFN@LK@UKO_BM@MKUGCKMNHIB@LB@EMN\NO_B]@LFDEMF\GFHIB@LK@OGZMBD@
snxotvxmnisqjkrmixmnsqxkirqxpkjkqsrvxmnktvstjktx|ntjrmn


UKZNCFDUBD@TBLKU@DKM@ZBCDFLKMNLBD@^BOeEKFD]@`@UKLFLN@gGK@
TBLKU@DK@LKD^NCKZKM@ZBU@B@EKUTB]@KCgGNCEB@gGK@BGEMND@VBMUND@
LK@LFDEMF\GFHIB]@gGK@DK@TMBZKDDKU@NEMN^D@LN@KLGZNHIB@K@LN@
ZGOEGMN@EKCLKU@N@DKM@TKMUNCKCEKD@KU@DKGD@KVKFEBDa
N@N@FUTBMECZFN@LB@LKDKC^BO^FUKCEB@LK@GU@TMBZKDDB@LK@
XNONMWNUKCEB@ZGOEGMNO[]@CB@gGNO@DK@LKDENZN@N@CKZKDDFLNLK@LK@DK@
ZMFNMKU@UKFBD@LK@NZKDDB@LBD@WMGTBD@BTMFUFLBD@`@ZGOEGMN@LB@WMGTB@
_KWKUYCFZB@K@^FZKf^KMDN]@TBDDF\FOFENCLB@NBD@TMFUKFMBD]@N@TNMEFM@
LB@ZBC_KZFUKCEB@LKDEN@ZGOEGMN@LBUFCNCEK@K@LND@FCEKMVKMCZFND@
TMB^BZNLND@CKDEN]@TKON@FCDKMHIB@LK@DGN@TMcTMFN@ZGOEGMN]@N@
MKNOFhNHIB@LK@EMNCDVBMUNHzKD@DBZFNFD@CKZKDDeMFND@NB@MBUTFUKCEB@
LN@LBUFCNHIB@TBOEFZN]@KZBCYUFZN]@DBZFNO@K@ZGOEGMNOa
ABUB]@KCEMKENCEB]@KU@gGNOgGKM@DBZFKLNLK@CIB@@TBDD^KO@gGK@
GU@FCLF^LGB@BG@WMGTB@LBUFCK@EBLBD@BD@NDTKZEBD@LK@DGN@ZGOEGMN]@
N@TNMEFZFTNHIB@LBD@LF^KMDBD@WMGTBD@ZBUTBCKCEKD@LN@DBZFKLNLK]@
kjmnwspkrsmnmxvsnux~trqjnxonux~trqjmnqo~tovjrmnjnmsvsin
FUTOKUKCENLND@CB@TND]@EBMCNfDK@FUTMKDZFCL^KO]@CIB@NTKCND@
ZBUB@WNMNCEFN@LN@MKNO@BZBMMCZFN@LK@GU@NONMWNUKCEB@ZGOEGMNO]@UND@
ZBUB@\NDK@LK@DGN@TMcTMFN@NMEFZGONHIB@ZBU@BD@LKUNFD@UKU\MBD@LN@
DBZFKLNLK]@B@gGK@FUTOFZN@CN@CKZKDDFLNLK@LK@LKUBZMNEFhNHIB@MNLFZNO@
wjmnjsmnwxn rkrmtvrxnwjno~tovj|njtvjymnwjnqxkyxqj}xnwxmn
LF^KMDBD@WMGTBD@TNMN@N@LFDZGDDIB@K@LKZFDIB@N@MKDTKFEB@LND@TBOEFZND@
N@DKMKU@FUTOKUKCENLNDa
wjutjwxnwsn~orrxns~rmvrx

./260:0 ;9/59/6783749./
.-/;/6./
./96/6./
b@EKMUB@FCLDEMFN@ZGOEGMNO@KU@NOKUIB@ GOEGMFCLGDEMFK@VBF@
qvrjwxnus~xmnp~mxxmnsnmxqr~xxmnj~si}smnXlsxwxvnwxvkxn

#
##nsn jnxvlsrisvn
Z#
#|njnpinwsnwsmrkjvnjn
DFEGNHIB@LN@NMEK@CN@DBZFKLNLK@ZNTFENOFDEN@FCLGDEMFNOa
sivxmnwjnmqx~jnwsnvjkovt|nxmnwxrmnp~mxxmnj~si}smn
KUTMKWNMNU@B@EKMUB@TKON@TMFUKFMN@^Kh@CB@ZNTEGOB@b@FOGUFCFDUB@
qxixnirmtrpqj}xnwjmnijmmjmnkxnskmjrxnrj~trqjnwxnmq~jvsqrf
UKCEB]@KDZMFEN@KU@PQ]@UND@TG\OFZNLN@DBUKCEK@KU@PQa
{NMN@BD@LBFD@TKCDNLBMKD]@N@NGEBCBUFN@K@TBLKM@ZMEFZB@LND@B\MND@
NMEDEFZND@LKMF^NMFNU@LK@DGN@BTBDFHIB@`@DBZFKLNLKa@B@KCENCEB]@B@
^NOBM@ZBCEKDENEcMFB@LKDDND@B\MND@TBLKMFNU@CIB@UNFD@DKM@TBDD^KO]@
e@gGK@TMB^BG@DKM@VNZFOUKCEK@NDDFUFOe^KO@TKOB@UGCLB@ZBUKMZFNOa@
wxvkxnsnxvlsrisvnjpvijyjinosnjniorkjnqjurtj~rmtjnwsnvsf
TMBLGHIB@K@LFDEMF\GFHIB@LN@ZGOEGMN@KDENMFN@NTNWNCLB@NBD@TBGZBD@
ENCEB@N@NMEK@KMGLFEN@gGNCEB@N@NMEK@TBTGONMa@DDB@KDENMFN@NZBCEKZKCLB@
TBMgGK@B@^NOBM@ZMEFZB@LKDDND@LGND@VBMUND@NMEDEFZND@@CKGEMNOFhNLB@
TBM@CIB@TKMUFEFM@N@TNMEFZFTNHIB@FCEKOKZEGNO@LBD@DKGD@KDTKZENLBMKDa
?@NMEK@DKMFN@EMNENLN@DFUTOKDUKCEK@ZBUB@B\KEB@LK@UKMZNLBMFN]@
KDENCLB@DGKFEN@ND@OKFD@LK@BVKMEN@K@TMBZGMN@LB@UKMZNLBa@ON@KCZBf
W?

MNNMFN@GUN@^FDIB@TNDDF^N@K@NZMEFZN@LB@UGCLB@NB@LNM@NB@T\OFZB@
NTKCND@B@gGK@KOK@gGKM]@LKDKCZBMNNCLB@B@KDVBMHB@TKDDBNO@TKON@TBDDK@
LK@GUN@CB^N@KSTKMFCZFN@KDEEFZNa@?D@TKDDBND@TMBZGMNMFNU@NTKCND@
B@ZBC_KZFLB]@B@e@KSTKMFUKCENLBa@{BM@BGEMB@ONLB]@KDDN@FCLDEMFN@
TMKGLFZNMFN@ENU\U@N@NMEK@DMFN]@CKGEMNOFhNCLB@DGN@ZMEFZN@N@DBf
ZFKLNLKa
U@EBLBD@BD@MNUBD@LN@FCLDEMFN@ZGOEGMNO@KSFDEKU@TMBLGEBD@
NLNTENLBD@NB@ZBCDGUB@LND@UNDDND]@DKCLB@TBM@KOND@gGK@ND@FCLDEMFND@
DK@BMFKCENU]@EKCLB@CB@ZBCDGUFLBM@CIB@GU@DGKFEB]@UND@GU@B\KEBa@
mtsntsvixnwspksnjmnuvxwosmnjvtmtrqjmnsnqo~tovjrmnxvjkrjwjmn
CB@ZBCEKSEB@LND@MKONHzKD@ZNTFENOFDEND@LK@TMBLGHIB]@GUN@^Kh@ONCHNf
LND@CB@UKMZNLB]@@TBM@KDEKD@ZBCDGUFLNDa@
?@FCLDEMFN@ZGOEGMNO@FLKNOFhN@TMBLGEBD@NLNTENLBD@NB@ZBCDGUB@
LND@UNDDND]@NDDFU@ZBUB@ENU\U@TBLK@LKEKMUFCNM@KDDK@ZBCDGUB@
EMN\NO_NCLB@DB\MK@B@KDENLB@LK@ZBCDZFCZFN@K@FCZBCDZFCZFN@LND@
TKDDBNDa@ON@TBLK@NFCLN@EKM@VGCHIB@CB@TMBZKDDB@LK@NZGUGONHIB@
LK@ZNTFENO]@MKTMBLGHIB@FLKBOcWFZN@LK@GU@DFDEKUN]@MKBMFKCENHIB@LK@
UNDDND@K@FUTBDFHIB@LK@ZBUTBMENUKCEBa
CLDEMFN@ZGOEGMNO]@@GU@EKMUB@ZBCZK\FLB@TKOBD@EKcMFZBD@LN@
smqx~jnwsnvjkovt|nXlsxwxvnwxvkxnsn jnxvlsrisvnmn
vs@ssmnjqsvqjnwsmmsntsijnmovrvjinjnujvtrvnwsnoijnrqo~tovjn
FCLGDEMFNOFhNLN[@^FDEN@CB@TKMBLB@LB@CNhFDUB]@TBFD@EBLN@NMEK@
TMBLGhFLN@KMN@LFMFWFLN@DBUKCEK@`gGKOK@DFDEKUNa@de@CBD@DENLBD@
CFLBD]@?LBMCB@^@B@DFDEKUN@LN@FCLDEMFN@ZGOEGMNO@LK@VBMUN@
XKCMGDEFLN[@TMFCZFTNOUKCEK@CB@KCEMKEKCFUKCEB]@K@@NEMN^D@LB@
ZFCKUN]@TBM@KSKUTOB]@gGK@N@FCLDEMFN@ZGOEGMNO@DK@VNh@TMKDKCEK@K@
CBD@NTMKDKCEN@GUN@ZBUGCFZNHIB@LK@UNDDN]@TBFD@CKDEK@ZNDB@EFC_N@B@
FCEGFEB@LK@XLKD^FNM[@BD@BO_NMKD@LN@TBTGONHIB@NBD@TMB\OKUND@DBZFNFD@
LN@LZNLN@LK@2a
?@FCLDEMFN@ZGOEGMNO]@DKWGCLB@?LBMCB@K@BM_KFUKM@ZBCDFDEK@
KU@XUBOLNM[@EBLN@N@TMBLGHIB@NMEDEFZN@K@ZGOEGMNO]@LK@UBLB@gGK@
KOND@NDDGUNU@BD@TNLMzKD@ZBUKMZFNFD@K@gGK@TBDDNU@DKM@VNZFOUKCEK@
MKTMBLGhFLNDa@KDDN@VBMUN]@ND@UNCFVKDENHzKD@LK@NMEK@CIB@DIB@^FDEND@
DBUKCEK@ZBUB@CFZND]@KSEMKUNUKCEK@\KOND]@UND@TMFCZFTNOUKCEK@
qxixn risvqjwxvrjms|n osn rkqsktryjin oijn vsrpqj}xn xon
EMNCDVBMUNHIB@KU@ZBFDN]@K@N@NOFKCNHIB@LN@NMEK@VKFEN@TNMN@TBGZBD@K@
ZNMKCEKD@LK@GUN@^FDIB@ZMEFZN@N@MKDTKFEBa
?@FCEKCHIB@LN@FCLDEMFN@ZGOEGMNO@CIB@@TMBUB^KM@GU@
ZBC_KZFUKCEB]@TBMgGK@ZBC_KZKM@OK^NCEN@gGKDEFBCNUKCEBD]@MBUTK@
TNMNLFWUND@K@CKZKDDFEN@LK@CB^ND@MKDTBDENDa@DDK@DFDEKUN@FCZBMTBMN@
CBD@TNMEFZFTNCEKD@GUN@CB^N@CKZKDDFLNLK@N@XCKZKDDFLNLK@LB@
ZBCDGUB[]@WKMNLBMN@LK@UKMZNLBMFND@TMcTMFND@TNMN@N@^KCLN@K@^FCLN@
LB@ZNTFENOFDUB@K@LKDEN@VBMUN@@TBDD^KO@MKTMKDKCENM@K@FCZKCEF^NM@
B@TMBLGEB@NB@FC^D@LB@ZBC_KZFUKCEBa@b@ZBC_KZFUKCEB]@TBM@DGN@
^Kh]@DK@EBMCN@TMBLGEB@LN@KOFEK@K@@DB\MK@KDDKD@NDTKZEBD@gGK@?LBMCB@
K@BM_KFUKM@gGKDEFBCNU@gGNCLB@EMNENU@LK@FCLDEMFN@ZGOEGMNOa@
B\MK@N@VBMUN@TKON@gGNO@ND@NMEKD@K@B@ZBC_KZFUKCEB@_GUNCB@DIB@
EMNENLND@K@DK@EBMCNMNU@LK@VeZFO@UNCFTGONHIBa@@
B@KCENCEB]@VNONM@LK@FCLDEMFN@ZGOEGMNO@OK^NCEN@ENU\U@gGKDEzKD@
DB\MK@N@ZBUGCFZNHIB]@N@ZGOEGMN@K@N@UNCFTGONHIB@LK@UNDDNDa


?@FCLGDEMFN@ZGOEGMNO@K@N@ZBUGCFZNHIB@LK@UNDDN@CIB@TBLKU@DKM@
EMNENLND@ZBUB@ZBFDND@LFDEFCEND]@TBFD]@NU\ND@DIB@ZNTNhKD@LK@NEFCWFM@
GU@WMNCLK@CUKMB@LK@FCLF^LGBD]@LK@EMNCDUFEFM@GU@ZBC_KZFUKCEB@
BG@LK@NOFKCNMa@IB@TKMEKCZKCEKD@N@ZGOEGMN@LK@UNDDN@N@EKOK^FDIB]@B@
MeLFB]@BD@BMCNFD]@ND@MK^FDENDK@EBLN@K@gGNOgGKM@VBCEK@LK@FCVBMUNHIBa@
IB@TKOB@gGK@DIB]@UND@DFU@TBM@DKMKU@GEFOFhNLND@TKON@KOFEK@ZBU@B@
MKNO@FCEGFEB@LK@UNCFTGONM@N@TBTGONHIBa
b@TMFUKFMB@TNDDB@TNMN@B@DGMWFUKCEB@LK@GU@^KZGOB@LK@
ZBUGCFZNHIB@^KFB@NEMN^D@LK@!GEKC\KMWa@ABU@BD@EFTBD@Uc^KFD@
LK@FUTMKCDN]@!GEKC\KMW@EMBGSK@CB^BD@UKFBD@K@UNFD@eWKFD@TNMN@N@
MKTMBLGHIB@TMFCZFTNOUKCEK@LK@OF^MBDa@?@ZMFNHIB@LKDEK@XUKFB@LK@
ZBUGCFZNHIB[@CIB@TBLK@DKM@^FDEN@ZBUB@MKDTBCDe^KO@TKON@FCLDEMFN@
ZGOEGMNO]@UND@TBLK@DK@EKM]@NEMN^D@LN]@B@DGMWFUKCEB@LK@GUN@ZGOEGMN@
KOFEFhNLN@TBFD@B@ZBCDGUB@KMN@LKDEFCNLB@N@GUN@KOFEK@LK@OKEMNLBD@LK@
GUN@MKTMBLGHIB@KU@WMNCLK@KDZNON]@K@LK@GUN@B\KEF^NHIB@ZNLN@^Kh@
UNFBM@LB@OGZMBa
FEDZ_@@B@EKMUB@GDNLB@TNMN@LKCBUFCNM@GUN@CB^N@VBMUN@LK@
NMEK@N@TDKGLBfNMEKa@ABU@B@DGMWFUKCEB@LN@CB^N@ZONDDK@ULFN@K@N@
WMNCLK@LKUNCLN@FCVBMUNZFBCNO]@EBMCBGfDK@CKZKDDeMFB@`@ZGOEGMN@K@N@
NMEK@GUN@NLNTENHIB@NB@DKG@CB^B@T\OFZB@K@N@TMBLGHIB@KU@UNDDNa@
{NMN@FO^N@2PP]@N@FCLDEMFN@ZGOEGMNO@LKDZNMNZEKMFhBG@N@NMEK]@
LKFSNCLB@LK@ONLB@N@DGN@^KMLNLKFMN@KDDCZFNa@B@_BUKU@ZBUB@
NGEYCBUB]@LN@\KOKhN@FUTBDD^KO@CN@^FLN@MKNO]@UND@TBDD^KO@NEMN^D@
LN@NMEKa@{NMN@KDDK@NGEBM]@ENO@NLNTENHIB@LN@NMEK@K@ZGOEGMN@VBMNU@
qjomjwjmnus~jnp~xmxpjnqjurtj~rmtjnxixnxnmrmtsijnwxirkjktsn
ksqsmmrtjnwsn~oqvx|njnjqsrtj}xnsnjnj~rskj}xnijmmrpqjwjnujvjnjnmojn
DB\MK^F^CZFN]@EMNCDVBMUN@N@ZGOEGMN@KU@UNFD@GU@LBD@FCDEMGUKCEBD@
LB@ZNTFENOFDUBa

e57z
K@NCNOFDNMUBD@B@ZBCGCEB@LND@TBOEFZND@LK@ZGOEGMN]@KSTOZFEND@
xonriu~qrtjm|nwsmwsnxmntsiuxmnwxnvjmr~nqx~krj|nuxwsixmnysvn
EMNHBD@ZBUGCD@LK@TMKUFDDND@gGNCEB@NB@BO_NM@DB\MK@N@ZGOEGMN]@
TMFCZFTNOUKCEK@CND@gGKDEzKD@MKONEF^ND@N@WKDEIBa@b@gGK@TMKEKCLB@
LKUBCDEMNM]@CBD@OFUFEKD@LK@EKUTB@LK@GUN@ZBUGCFZNHIB@ZBUB@KDEN]@
nosnuvjtrqjixmnlxsnkxnvjmr~nsnuvxyjys~isktsnsintxwxmnxmnujmsmn
gGK@VBMNU@ZBOBCFhNLBD@TBM@{BMEGWNO@K@DTNC_N]@^NOK@LFhKM@\KMBf
NUKMFZNCBD]@TBOEFZND@T\OFZND]@OKWFDONHzKD@K@FCDEFEGFHzKD@LKMF^NLND@
LK@ZBCZKFEBD@K@TNMNLFWUND@gGK@CBMEKN^NU@N@^FDIB@KDEMNEWFZN@LBD@
ZBOBCFhNLBMKD@TNMN@B@VGEGMB@LK@DGND@ZBOYCFNDa
{NMN@DK@EKM@GUN@FLFN@LK@ZBUB@CBDDBD@ZBOBCFhNLBMKD@
EMNEN^NU@ND@CB^ND@EKMMND@ZBCgGFDENLND]@\NDEN@CBD@MKTBMENMUBD@N@
oinwxqoisktxnosnxnvssktsnwxnXvxkxnxvtoo3m|n jvo3mnwsn
xij~|nvsistsonujvjnxnxysvkjwxvnsvj~nwxnvjmr~nsin
|nkjn
ismijnuxqjnwxnXvjtjwxnwsn jwvr|nnosnvsmx~yrjnjmnosmtsmnwxmn
OFUFEKD@EKMMFEBMFNFD@KCEMK@{BMEGWNO@K@DTNC_N@@!-3/)((-4-+"1)+
-301(')+1+1(44--+6-+461+1+54-+-(-3/-(+#+4$3/')+61+
3-/'1%+54).+9+)+6-*)(/)&1+6-+54-+-+)'+())(%+-+-3/)((-4-+
)1+-()3-'(1+1+54-+-(-3/-(+#+/4('1'6)6-+-+#+-(46'&1%+
/1*1+1+)+0'(')+3)4().+61+)'+-+)+1-()&(-+''/)+-+
)(13)*'/)%+54-+(--')*+)1+)6')3)*-31+6)+/'3/')*
WV

nxin~sivjvnosnjktsmnwjnyrkwjnwjnji~rjnvsj~nujvjnxnvjmr~n
N@KLFHIB@LK@OF^MBD]@MK^FDEND@BG@BMCNFD@KMN@TMBF\FLN@CN@ZBOYCFN]@K@N@
ijvqjnwsmmjnux~trqjnqo~tovj~nsmtnkxnjtxnwsnosnjnrqxkxvjpj|nxmn
smtowxmnwsn@xvj|njokjnsnwjmnstkrjmnxvjinvsj~rjwxmnuxvnjotxvsmn
KDEMNCWKFMBDa
ntvjkmsv3kqrjnwjnxvtsnxvtoosmj|nujvjnxnvjmr~nsin
ZZn+ n
LKTBFD@LK@EMKhKCEBD@NCBD@LK@ZBOBCFhNHIB@@EMNh]@NOU@LN@OF\KMLNLK@
LK@TG\OFZNHIB]@GU@FCZMKUKCEB@CN@NTNMKO_NWKU@ZGOEGMNO@LB@FB@LK@
`jksrvxnnjujvs~lxnwsnsmtjwxnxvtoo3mnntvjkmsvrwxnujvjnxnvjmr~n
K@N@ZBOYCFN@WNC_N@GU@FUTGODB@ZGOEGMNO@DKU@TMKZKLKCEKD@KU@DGN@
_FDEcMFNa@bD@LBFD@FUTKMNLBMKD@ENU\U@ZMFNMNU@NTBMEKD@ZGOEGMNFD@
ujvjnxnvjmr~|nijmnmsinmsnwsmyrkqo~jvnwjnuvsirmmjnmrqjnwsnmsn
MKZBMMKM@NBD@KDEMNCWKFMBD@TNMN@DK@EMNENM@LN@ZGOEGMN@K@LN@TKDgGFDNa@
?DDFU]@N@{MFCZKDN@KBTBOLFCN]@gGK@DK@ZNDBG@ZBU@a{KLMB@]@EMBGSK@
KU@DGN@ZBUFEF^N@GU@WMNCLK@CGUKMB@LK@TKDgGFDNLBMKD]@KCWKC_KFMBD@
K@NMEFDEND]@LN@ZBMEK@NGDEMNZNa@a{KLMB@@EMBGSK@GUN@ZBUFEF^N@LN@
JMNCHN]@KCZNMMKWNLN@LK@MKUBLKONM@N@ZFLNLK@LB@FB@LK@dNCKFMBa
?@TMBZONUNHIB@LN@KT\OFZN@KU@PRRQ]@NOU@LN@MGTEGMN@ZBU@N@
WMKN]@CB@gGK@LFh@MKDTKFEB@`@KLGZNHIB]@CIB@UGLBG@DG\DENCZFNOUKCEK@
N@^FDIB@ZBU@MKONHIB@`@ZGOEGMNa
?@TBOEFZN@ZGOEGMNO@FUTBDEN@TKOBD@ZBOBCFhNLBMKD@TBMEGWGKDKD@
tsysnmojnspqqrjnjxnuvxworvnoijnisktj~rwjwsnyx~tjwjnujvjnxmn
UBLKOBD@ZGOEGMNFD@KDEMNCWKFMBD@K@GUN@WMNCLK@NOFKCNHIB@LBD@^NOBMKD@
LN@ZGOEGMN@NGEcZEBCKa
{NMN@DK@EKM@GUN@FLKFN@LKDDN@NOFKCNHIB]@gGK@OK^N@NBD@UBLKOBD@
LK@^FDIB@ZGOEGMNO@KGMBTKGD]@ZBU@VBMEK@UNMZN@CN@KDEEFZN@LK@CBDDBD@
jvtrmtjm|nxnurktxvnvjmr~srvxnijrmnqxklsqrwx|nrtxvn srvs~~sm|n
TMBLGhFG@N@UNFBMFN@LBD@DKGD@gGNLMBD@gGNCLB@MKDFLFN@KU@{NMFDa@KG@
ojwvxnijrmnriuxvtjktsnsnqxklsqrwx|njnuvrisrvjn rmmjnwxnvjmr~|n
MKEMNEN@UBCENC_ND@\MNDFOKFMND@ZBU@ZB\KMEGMN@LK@CK^K@K@CLFBD@
ujqpqxmnsnujmixmnwrjktsnwxnsmu~skwxvnwjnskqskj}xnwjnuvrisrvjn
UFDDNa@U@LBD@CBDDBD@WMNCLKD@MBUNCZFDEND]@dBD@LK@?OKCZNM]@
MKTMKDKCEN^N@B@CLFB@\MNDFOKFMB@N@TNMEFM@LBD@UBLKOBD@LB@MBUNCEFDUBa@
?@TMBLGHIB@UGDFZNO]@KDZGOEcMFZN@K@TFZEcMFZN@KMN@ZNOZNLN@CB@UBLKOB@
\NMMBZB@KGMBTKG]@FUTBMENLB@TKON@WMKN@ANEcOFZNa
?@WMNCLK@MGTEGMN@DK@Le@KU@PQ@gGNCLB@GU@WMGTB@LK@
FCEKOKZEGNFD@\MNDFOKFMBD@DK@MKCK@KU@IB@{NGOB@TNMN@B@WMNCLK@
sysktxnqxklsqrwxnqxixnjn"sijkjnwsnvtsn xwsvkjnwsn
#nn
xyrisktxn xwsvkrmtjnqxixnpqxonqxklsqrwx|nvsokrjnjvtrmtjmn
qxixnkrtjn j~jtr|nXjvmr~jnwxnijvj~|nmj~wnwsnkwvjws|n jvrxn
LK@?CLMNLK]@KFEBM@FOON@B\BD@KCEMK@BGEMBD]@gGK@TMBZONUNMNU@N@
oijnrvswsmqxsvtjnwxnvjmr~s
nujvtrvnwsnskt}xnmsnrkrqrjnointsiuxnwsnomqjnwsnoinvjmr~nosn
KMN@TBGZB@ZBC_KZFLB@LBD@FCEKOKZEGNFD@K@LN@KOFEK@\MNDFOKFMN]@N@ZGOEGMN@
TBTGONM@EBMCNfDK@VBCEK@LK@TKDgGFDNa@?@XNCEMBTBVNWFN@ZGOEGMNO[@
LB@UB^FUKCEB@UBLKMCFDEN@Le@GU@CB^B@DKCEFLB@NB@TNMNLFWUN@LN@
FUTBMENHIB@ZGOEGMNO]@TBFD@ZBUB@CBDDBD@CLFBD]@BD@FCEKOKZEGNFD@K@
NMEFDEND@KMNU@ZNTNhKD@LK@XZBUKM[@N@ZGOEGMN@KDEMNCWKFMN]@LFWKMFfON@
K@TMBLGhFM@NOWB@CB^B@K@VBMUNLBM@LN@FLKCEFLNLK@ZGOEGMNO@\MNDFOKFMNa@
mmjnyrm}xnosnijrmntjvws|nkjnwqjwjnwsnmsmmsktj|nyjrnrk@oskqrjvn
xnixyrisktxntvxurqj~rmtj|ntxijnqxvuxnsnyjrnrk@oskqrjvniowjkjmn
KDEMGEGMNFD@CN@MKONHIB@KDENLB@K@DBZFKLNLKa


nujvtrvnwjnwqjwjnwsntvrktj|nusvxwxnosnpqxonqxklsqrwxn
sinkxmmjnlrmtvrj|nqxixnjnsvjnjvjm|nijrmnsmusqrpqjisktsnqxin
!GDEN^B@ANTNCKUN@N@ZGOEGMN@TNDDN@N@FCEKWMNM@LK@VBMUN@KSTOZFEN@
jnux~trqjnwsnsmtjwxnqxinjnqvrj}xnwxn rkrmtvrxnwjnwoqj}xn
FCZBMTBMNCLB@N@AGOEGMN@CBD@DKGD@TMBWMNUND@K@CN@DGN@KDEMGEGMN@
BMWNCFhNZFBCNOa
?@ZMFNHIB@LB@{?fKM^FHB@LB@{NEMFUYCFB@FDEcMFZB@K@
vtmtrqxn9jqrxkj~|nrwsj~rjwxnus~xmnixwsvkrmtjmn jvrxnwsn kwvjws|n
xwvrxn s~~xnvjkqxnwsnkwvjwsnsn$oqrxnxmtjnvsuvsmsktjn
B@TMFUKFMB@TNDDB@LK@GUN@TBOEFZN@ZKCEMNLN@CB@EBU\NUKCEB@K@CN@
TMKDKM^NHIB@LB@gGK@DK@GOWN^N]@CN@TBZN]@TNEMFUYCFB@_FDEcMFZBa@
b@UBLKOB@FCDEFEGLB]@B@LN@KOKFHIB@LND@ZFLNLKD@_FDEcMFZND]@ZBU@
mojmnrvsjmnsnswrpqjsmnwxnusvxwxnqx~xkrj~nqxixnujvjwrijnsn
UBLKOB@LK@TNEMFUYCFB]@gGK@CBMEKBG@N@ZMFNHIB@LB@{?]@ZBU@B@
KZMKEBfOKF@]@LK@2@LK@CB^KU\MB@LK@PQ]@@B@UKDUB@gGK@^FWBMN@
NE@_BKa@N@TBZN@\GDZN^NfDK@GU@DFDEKUN@OKWNO@TNMN@TMBEKWKM@K@
TMKDKM^NM@KDDK@XTNEMFUYCFB[@LN@VNFCN@UBLKMCFhNLBMN@K@LKDEMGFLBMN@
LND@CBDDND@KOFEKD@^BOENLND@TNMN@BD@UBLFDUBD@FUTBMENLBDa
b@ZGMFBDB@@gGK@BD@UKDUB@ZMFNLBMKD@LB@{?@GZFB@ABDEN@
snxwvrxn s~~xnvjkqxnwsnkwvjwsnjvjjvjinqxinyrxvnsntxtj~n
sktomrjmixnjmnqjomjmnsnxmnuvrkqurxmnwjnvortstovjn xwsvkj|n
tvjrwxnujvjnxnvjmr~nuxvnoinvortstxnommx|n, jvqljyqlr|n
ZBCEMNENLB@TKOBD@FCLGDEMFNFD@LK@IB@{NGOB@K@UNFD@ENMLK@MKDTNOLNLB@
us~xnvjkq3mn$snxvomrsv|nqxixnxnkrqxnvsuvsmsktjktsnwxn |n
CN@?UMFZN@NEFCNa@?@NTNMKCEK@ZBCEMNLFHIB@KCEMK@ZBCDKM^NLBMFDUB@
K@UBLKMCFLNLK@DK@KCZNFSN^N@UGFEB@\KU@CB@UBLKOB@FLKBOcWFZB@LB@
LFENLBM@!KEOFB@NMWNDa
b@FDBONUKCEB@LK@IB@{NGOB]@ZBU@N@WGKMMN@ZBCDEFEGZFBCNOFDEN@
LK@PQ]@GUN@KDTZFK@LK@DKZKDDIB@\MNDFOKFMN]@ZMFBG@GU@UB^FUKCEB@
LK@FCLKTKCLCZFN@CB@ZKCEMB@KZBCYUFZB@K@FCLGDEMFNO@LB@TNDa@?@
ZMFNHIB@LN@CF^KMDFLNLK@LK@IB@{NGOB@CN@LZNLN@LK@2@^NF@EMNhKM@
ujvjnxnvjmr~nijrmnoijn~syjnwsnsmtvjksrvxm|nqxktrkojkwxnxnixws~xn
ZMFNLB@TBM@{BU\NO]@CB@FCZFB@LK@CBDDN@ZBOBCFhNHIBa
?TKDNM@ LKDDK@ DBTMB@ UBLKMCFhNLBM@ UNEKMFNOFhNLB@ CN@
KU\OKUeEFZN@NMgGFEKEGMN@LK@GZFB@ABDEN@K@bDZNM@FKUKKM@ZBU@
jnqxkmtvo}xnwxnswrqrxnwxn |njnux~trqjnqo~tovj~nijktsys
DK@ZKCEMNOFhNLBMN@K@TNEMFUBCFNO]@EKCLB@B@KDENLB@ZBUB@B@WMNCLK@
ZOFKCEK@LN@ZGOEGMN]@TBM@EBLN@N@LZNLN@LK@2@NTKDNM@LB@DBTMB@
LKDKC^BO^FUKCEFDEN@K@LKUBZMeEFZB@LK@dGDZKOFCB@ G\FDEZ_Ka@ND@
LZNLND@LK@2@NE@R2@B@LBUCFB@LN@LFENLGMN@UFOFENM@DB\MK@N@^FLN@LB@
TND@MKVBMHBG@BD@ZBCLFZFBCNUKCEBD@NCEKMFBMKD@K@NWMN^BG@NFCLN@UNFD@
ND@ZBCEMNLFHzKD@gGK@_BK]@NTKDNM@LK@GUN@LZNLN@LK@KSTKMFCZFN@
LKUBZMeEFZN@NFCLN@CIB@DK@DGTKMBG@CB@ZNUTB@LN@ZGOEGMNa@{KOB@
ZBCEMeMFB]@NTKDNM@LB@ZMKDZFUKCEB@LN@KZBCBUFN@B@LKDKC^BO^FUKCEB@
CB@TONCB@DBZFNO@@GU@WMNCLK@VMNZNDDB@K@GU@LBD@WMN^KD@TMB\OKUND@
gGK@EKUBDa
?D@EKCENEF^ND@LK@KCVMKCENUKCEB@LN@L^FLN@DBZFNO@\MNDFOKFMN@EU@
mrwxnujotjwjm|nksmmsnpkj~nwsnir~3krx|nuxvnoinqxkoktxnwsnosmtsm|n
KCEMK@ND@gGNFD@TBLKU@DKM@LKDENZNLND
-@?@TMFBMFLNLK@ZBCVKMFLN@TKOB@DENLB@NB@NGDEK@U NZMBKZBCYUFZBa@
WW

-@?@VMNWFOFLNLK@LB@TNZEB@VKLKMNEF^B]@gGK@MKDGOEN@CN@ZBCZBMMCZFN@
LK@ZBUTKECZFND@K@CN@VNOEN@LK@ZONMKhN@gGNCEB@NBD@TNTFD@LN@CFIB]@
LBD@KDENLBD@K@LBD@UGCFZTFBD@CN@FUTOKUKCENHIB@LND@TBOEFZND@
T\OFZNDa@
-@?D@EMNCDVBMUNHzKD@EKZCBOcWFZND@K@ND@TMBVGCLND@NOEKMNHzKD@
gGK@^U@BZBMMKCLB@CB@UGCLB@LB@EMN\NO_Ba@
-@?@NOZNCZK@K@BD@OFUFEKD@LB@TNTKO@LB@DENLB@KU@MKONHzKD@`@
TMBUBHIB@LB@LKDKC^BO^FUKCEB@DGDEKCEe^KO@LB@TNDa
?@^FDIB@TNEMFUBCFNO]@_KMNCHN@TBMEGWGKDN@gGK@CBD@MKUKEK@
`@VNUBDN@BMMK@LB@BU\B]@BCLK@DK@WGNMLN^NU@BD@OF^MBD@ZBU@
BD@XDN\KMKD[@K@B@DKWMKLB@LK@KDENLB]@ZBCENUFCN@ND@TMKUFDDND@
LN@OKWFDONHIB@MKONEF^N@NB@TNEMFUYCFB@_FDEcMFZB@\MNDFOKFMBa@b@
EBU\NUKCEB@ZBUB@FCDEMGUKCEB@\eDFZB@LN@TMKDKM^NHIB]@CN@UNFBMFN@
wjmnyssm|nqxixnpqxonuvxyjwx|nriuswsnxnomovotxnwxnsin
txijwxnsnjnsrorwjwsnwsnvsqovmxmnwrpqo~tjnjnmojnvsmtjovj}xnsn
UNCGEKCHIBa@KDDK@LFOKUN@^F^K@NE@_BK@B@NEGNO@{?]@ZBU@GUN@
KDEMGEGMN@K@BMHNUKCEB@NgGU@LK@DGND@NEMF\GFHzKD@OKWNFD]@UND@ZBU@N@
TBDEGMN@NMgGKEFTNO@LBD@^KO_BD@EKUTBD@N@DB\MK^F^KM@ENO@K@gGNO@ZBUB@
CB@ZNDEFWB@gGK@BD@KGDKD@FUTGDKMNU@N@DFVBa
n~srm~j}xnosnkxvtsrjnjmnjsmnwxn rkrmtvrxnwjno~tovj|n
gGK@NEGN@NEMN^D@LB@{?fCDEFEGEB@LB@{NEMFUYCFB@FDEcMFZB@K@
?MEDEFZB@NZFBCNO]@NFCLN@DK@MKUKEK@NB@KZMKEBfKF@CMa@LK@2@LK@
CB^KU\MB@LK@PQa
IB@@LK@DK@KDTNCENM@gGK@N@?DDKU\OKFN@ABCDEFEGFCEK@LK@PQRR]@
gGK@ZMFBG@N@CB^N@ZBCDEFEGFHIB@\MNDFOKFMN@EKC_N@TNDDNLB@NB@ONMWB@
LN@gGKDEIB@ZGOEGMNO@K@LN@MKWGONUKCENHIB@NZKMZN@LBD@DU\BOBD@
TeEMFBD@gGK@NE@_BK@@MKWFLB@TBM@GU@KZMKEB@KLFENLB@KU@TOKCN@
LFENLGMN@UFOFENMa@?@UKCENOFLNLK@ZBCDEMGLN@NB@OBCWB@LBD@DZGOBD@
KDEe@NMMNFWNLN@KU@EBLBD@BD@DKEBMKD@LN@DBZFKLNLK@K@@GU@LBD@KOBD@
rkyrmysrmnsktvsnsmosvwjnsnwrvsrtjnkxnvjmr~|nsinwsixkmtvjwjnuxvn
jv~xmnor~lsvisnwjn xttjnsinmson~ryvxnnwsx~xrjnwjno~tovjn
vjmr~srvj
B\@B@FUTMFB@LB@LKZMKEBfOKF@Ca@@LK@2@LK@CB^KU\MB@LK@
PQ]@KON\BMNLB@CGUN@TBZN@KU@gGK@DK@TMKEKCLFN@XDNO^NM[@B@gGK@DK@
ZBC^KCZFBCBG@Z_NUNM@LK@TNEMFUYCFB@ZGOEGMNO@!1+/13.431+61+-3+
*-'+-+'*-'+- '-3-+31+)'+-+/4.)+/13-()&1+-.)+6-+
'3-(--+/.'/1%+54-(+1(+4)+'3/4.)&1+)+)1+*-*1(0-'+6)+
7'(')+61+,()'.%+54-(+1(+-4+- /-/'13).+).1(+)(54-1.'/1+
1234561789:;1<3=>=?>1789:;13123@85AB5>;1C3]@KDEKD@\KCD@TNMN@DKMKU@
ZBCDFLKMNLBD@XTNEMFUYCFB[]@LK^KU@DKWGCLB@N@OKF@DKM@FCDZMFEBD@CGU@
LBD@gGNEMB@XF^MBD@LB@BU\B[@ZBCVBMUK@TMK^FDEB@CB@?MEa@LB@
ZFENLB@LKZMKEBa
IB@_e@L^FLN@LK@gGK@N@^BCENLK@LB@OKWFDONLBM@KMN@N@LK]@TBM@DB\@
B@UNCEB@TMBEKEBM@LB@DENLB@GUN@OFDEN@LK@\KCD]@TMBTMFKLNLKD]@DEFBD@
K@TNFDNWKCD@CNEGMNFD@ZBU@FCEGFEB@LK@XTMKDKM^efOND[]@ENO@ZBUB@BD@
UGDKGD@LK@ZFCZFN@CNEGMNO@KGMBTKGD@TMBZKLFNU@ZBU@TKHND]@B\KEBD]@
NCFUNFD@KUTNO_NLBD]@UUFND@KEZa
B@KCENCEB]@VNOEBG@NB@OKWFDONLBM@N@ZBCLFHIB@LK@ZMFNM@K@LBENM@BD@
BMWNCFDUBD@LK@KDENLB@LK@MKZGMDBD@TNMN@LNM@ZBCEN@LK@ENUNC_N@ENMKVNa@
?DDFU@ZMFNfDK@N@CDEFEGFHIB@ZBU@GUN@ENMKVN@FUKCDN@K@MKZGMDBD@
OFUFENLBDa@efDK@N@UFDDIB@K@CIB@DK@DGTMK@BD@UKFBDa


?@^FDIB@LBD@UBLKMCFDEND@K@N@FLKBOBWFN@LB@KDENLB@ZKCEMNOFhNLBM@
VGCLNMNU@K@UBOLNMNU@B@DKCEFLB@LB@{?]@gGK@NTcD@UNFD@LK@
DKDDKCEN@NCBD@LK@KSFDECZFN]@NFCLN@EKU@KDTNDUBD@LB@NGEBMFENMFDUB@
gGK@B@ZMFBGa@?@TBDEGMN@LN@TMKDKM^NHIB@N@gGNOgGKM@TMKHB]@B@
EBU\NUKCEB@ZBUB@TMFCZTFB@FDBONLB@LB@ZBCEKSEB@KZBCYUFZB@K@
DBZFNO@NFCLN@CBMEKFNU@ND@NHzKD@LN@CDEFEGFHIBa@B@EMFGCVNOFDUB@LBD@
NCBD@EMFCEN@MKDEBG@B@VNENOFDUB@K@N@LKZNLCZFN@FCDEFEGZFBCNO@CN@OEFUN@
LZNLNa@BK@N@{?@DBVMK@LK@EBLBD@BD@TMB\OKUND@FCDEFEGZFBCNFD@
osnwrpqo~tjinmojnj}xnkoinujmnwsnwriskmsmnqxktrksktjrmnsnwsn
vsqovmxmnkpixmnujvjnjnqo~tovjn%ijnrkmtrtor}xnmsinxvjnsnmsin
NMEFZGONHIB@ZBU@BD@LKUNFD@DKEBMKD@TMBLGEF^BD@LB@TND@gGK@UKMKZKG@
GUN@LKDNTMB^NHIB@WMN^K@ZBUB@GCFLNLK@WKDEBMN@LB@{MBWMNUN@
xkoisktjn|noinokwxnwsnvsqovmxmnqxinsiuvmtrixnwxn
jkqxnktsvjisvrqjkxnwxnsmskyBO^FUKCEB@TNMN@N@MKDENGMNHIB@LK@
DEFBD@_FDEcMFZBDa
{NMN@FCEMBLGhFM@B@ZBCZKFEB@LK@NEF^B@CN@LFCUFZN@LN@TMBLGHIB@
qo~tovj~|nosvxn~sivj~lsmnjnwspkr}xnwsnqo~tovjnqxkmjvjwjnus~jn
%9"nkjnsq~jvj}xnwxn rqx|nmxvsnjmnx~trqjmno~tovjrm|n
KU@PQQ@
!D*+-4+-3'61+*)'+)*.1%+16-E-+/13'6-()(+)+/4.4()+
/1*1+1+/13.431+61+()&1+6''3'1%+-'('4)'+-+*)-(')'%+
'3-.-/4)'+-+)-'1+54-+/)()/-(')*+4*)+1/'-6)6-+14+4*+
(41+1/').+2.9*+6'1%+-.)+-3.1)+)+)(-+-+)+.'-()4()%+
1+*161+6-+'6)%+1+6'(-'1+436)*-3)'+61+-(+04*)31%+1+
'-*)+6-+).1(-%+)+()6'&(-+-+)+/(-3&)*
ojkwxnotr~rxnjnuj~jyvjnjtryx|nosvxnisnvssvrvnjnmojnwspkr}xn
ZBUB@XgGK@KSKMZK@NHIB@gGK@NWK]@VGCZFBCN]@EMN\NO_N@DK@UB^K[]@UND@
ENU\U@ZBUB@XN@EBENOFLNLK@LBD@\KCD@LK@GUN@KUTMKDN]@BG@TKDDBN]@
FCZOGDF^K@BD@LFMKFEBD@DGDZKE^KFD@LK@N^NOFNHIB[]@K@NB@NTMBSFUNM@B@
qxkqsrtxnwsnjtryxnwjnwspkr}xnwsnqo~tovjnwjn%9"nuvstskwxn
NDDFU@TMBTBM@GU@CB^B@TNMNLFWUN@TNMN@N@VBMUGONHIB@K@WKDEIB@LND@
TBOEFZND@ZGOEGMNFDa
KDDN@VBMUN@DKMIB@ZBCDFLKMNLND@NEF^BD@ZGOEGMNFD@EBLND@ND@
KSTMKDDzKD@ZGOEGMNFD@LK@GU@TB^B]@FCLKTKCLKCEK@LN@VBMUN@ZBUB@
VBMNU@BG@KDEIB@DKCLB@TMBLGhFLND]@ZBU@DKGD@^NOBMKD@ENCW^KFD@K@
FCENCW^KFD]@ENO@K@gGNO@ZBUB@DK@N^NOFN@BD@NEF^BD@LK@GUN@KUTMKDN@
BCLK@DK@FCZOGF@BD@\KCD@TNEMFUBCFNFD]@DGN@TNMEFZFTNHIB@CB@UKMZNLB]@
B@^NOBM@LK@DGND@NHzKD@gGK@@^NMFe^KO@K@B@^NOBM@LK@DGN@UNMZN@WBBL@
r~~nosnnoinyj~xvnrktjkys~|nuxvinyj~xvys~
DEB@CBD@MKUKEK@TNMN@B@GCF^KMDB@LN@KZBCBUFN@gGK@_BK@
uvswxirkjnmxvsnjmnsmtvjtrjmnwsnxysvkxnsnkxmnkxmmxmnujmsmn+ n
wrtxmnsinwsmskyx~yrisktxn+ nsnqxkwrqrxkjinxnqxtrwrjkxnwsnkxmmjmn
DBZFKLNLKDa
ntsvixnsqxkxirj|nosnysinwxnvsx|nmrkrpqjnsinmojnxvrsin
XNgGKOK@gGK@NLUFCFDEMN@B@ONM[]@UND@TNMN@CBDDB@KCEKCLFUKCEB@
wjmnvs~jsmnsktvsnsqxkxirjnsnqo~tovjnyjixmnotr~rjvnjnwspkr}xn
wsnsqxkxirjnuvxuxmtjnuxvn9nvsxvn jkrnsinmson~ryvxn
CEMBLGHIB@`@ZBCBUFNa@!D/131*')+9+1+-461+6)+1(*)+-.)+54).+
)+1/'-6)6-+)6*'3'()+-4+(-/4(1*%+B@gGK@LK^KMFN@ZBUTMKKCLKM@
EBLBD@BD@MKZGMDBD]@UND@CN@^KMLNLK@gGNCLB@DK@NTMKDKCEN@B@FCLFZNLBM@
mrqxnvxwotxnktsvkxnvotxnxnyj~xvnwjnqo~tovjnnsq~owxnn
WY

?DDFU@N@\NDK@UBCKEeMFN@FCZOGFCLB@ND@MKDKM^ND@ZNU\FNFD]@N@
TMBLGHIB@NWMZBON]@N@TMBLGHIB@FCLGDEMFNO]@BD@MKZGMDBD@CNEGMNFD]@BD@
MKZGMDBD@EKZCBOcWFZBD@K@N@VBMHN@LK@EMN\NO_B@DIB@ZBCDFLKMNLBD@KU@DKG@
qxkoktxnjnvrosjnwjmnkjsm|nmsonntnismixnrkwrqjwxvsmn
ijrmnjiu~xmnqxixnxnpkwrqsnwsnsmskyx~yrisktxnoijkx|nsq~orn
xmnjtryxmnqo~tovjrmnwsnoinujmnqxixnjtxvnwsnysvrpqj}xnwsnmson
LKDKC^BO^FUKCEB@_GUNCBa
?OU@LBD@FCLFZNLBMKD@LN@KLGZNHIB]@KUTMKWB]@DNCKNUKCEB@K@
MKCLN@TKM@ZNTEN]@GU@LBD@FCLFZNLBMKD@TNMN@N@VBMUNHIB@LB@]@@B@
FDEKUN@LK@ABCEN\FOFLNLK@CEKWMNLN@LB@?U\FKCEK@K@LN@ZBCBUFNf@
?]@\NCZB@LK@LNLBD@WKMKCZFNLB@TKON@b]@gGK@@ZBUTBDEB@LBD@
DKWGFCEKD@FCLFZNLBMKD
N@ABCEND@LK@NEF^BD@LK@MKZGMDBD@CNEGMNFD@DEND@ZBCEND@MKWFDEMNU@
KDEBgGKD@K@UGLNCHND@CBD@KDEBgGKD@LK@MKZGMDBD@CNEGMNFD@ZBUB@EKMMN]@
usrs|n@xvsmtj|nojnsnirksvjrm|nusvirtrkwxnoijnixkrtxvrj}xn
UNFD@KVKEF^N@LN@MFgGKhN@LK@GUN@CNHIBa@NU\U@TKMUFEKU@B@ZeOZGOB@
LK@FCLFZNLBMKD@ENFD@ZBUB@B@^NOBM@EBENO@LK@ZNTFENO@CNEGMNO@K@BD@ZGDEBD@
KZBCYUFZBD@LB@KDWBENUKCEB@LK@MKZGMDBD@CNEGMNFD@
nxktjmnwsn@oxmnujvjnux~or}x|nsksvrjnsnijtsvrjrmn
JBMCKZKU@FCVBMUNHzKD]@CB@TONCB@LN@FCLDEMFN]@DB\MK@B@GDB@LK@
KCKMWFN@K@LK@UNEKMFNFD@ZBUB@FCTGED@TNMN@N@TMBLGHIB@K@DB\MK@N@
ZMFNHIB@LK@TBOGKCEKD@K@OFSBD@DcOFLBDa@{MBLGhKU@FCLFZNLBMKD@LK@
sqxspqr3kqrjnsnux~or}xnsnwsnrktskmrwjwsnijtsvrj~|nosnuxwsin
DKM@GEFOFhNLBD@TNMN@N^NOFNM@N@TMKDDIB@DB\MK@B@NU\FKCEK@K@NCNOFDNM@
BTHzKD@NOEKMCNEF^ND@TNMN@MKLGhFM@KDEN@TMKDDIB@
Z@ABCEND@LK@LKDTKDND@LK@TMBEKHIB@NU\FKCENO@K@WKDEIB@LK@
vsqovmxmnwsktrpqjinwsmusmjmnsinosnrkqxvvsinjnrkwmtvrj|n
WB^KMCB@K@VNUOFND@TNMN@TMBEKWKM@B@NU\FKCEK@BG@TNMN@WKMFM@MKZGMDBD@
CNEGMNFDa@{BLKU@DKM@GEFOFhNLBD@TNMN@N^NOFNM@B@FUTNZEB@KZBCYUFZB@
LN@MKWGONUKCENHIB@K@FUTBDEBD@NU\FKCENFD@K@B@DKG@KVKFEB@CN@MKLGHIB@
LN@TBOGFHIB@
wnyj~rj}xnwsn@oxmnk}xnisvqjktrmnsnwsnjvsjwxmnjomtjwxmn
NU\FKCENOUKCEK@DEK@ZBUTBCKCEK@NTMKDKCEN@EZCFZND@LK@N^NOFNHIB@
CIB@UKMZNCEFO@K@N@DGN@NTOFZN\FOFLNLK@KU@MKDTBCLKM@N@gGKDEzKD@
smusqpqjmnwsnux~trqjnrmqotsnxnq~qo~xnwsnyvrxmnjvsjwxmn
UNZMBKZBCYUFZBD@NGDENLBD@NBD@ZGDEBD@LK@KDWBENUKCEB@K@LK@
LKWMNLNHIB@K@ND@DGND@^NCENWKCD@K@LKD^NCENWKCDa
K@@TBDD^KO]@GU@\NCZB@LK@LNLBD]@ZBU@GU@DFDEKUN@LK@
ZBCEN\FOFLNLK@BCLK@DK@N^NOFNU@BD@NEF^BD@CNEGMNFD@ZBUB@VBMUNLBM@
LN@MFgGKhN@LK@GU@TND@TBMgGK@CIB@TBLKUBD@ZMFNM@GU@FDEKUN@LK@
ABCEN\FOFLNLK@LBD@?EF^BD@AGOEGMNFDF
ABCZOGFMKUBD@UNFD@NLFNCEK@gGK@KDENUBD@UGFEB@TKMEB@LFDDB]@DK@
DBG\KMUBD@GEFOFhNM@B@TNMNLFWUN@LB@NEF^B@ZGOEGMNO@TNMN@UBLKONMUBD@
xmnrtskmnsnjnjvortstovjnwxmnjkqxmnwsnwjwxmnwsnoijnjvtxvjpjn
AGOEGMNOa
bG@DKMe@gGK@ZBCEFCGNMKUBD@ZBCDFLKMNCLB@N@ZGOEGMN@KU@
DGN@^KMEKCEK@TBEFZN@K@ZNMMKWNLN@LK@DG\KEF^FLNLK@ZBUB@gGKM@
AOeGLFB@LF@!FMcONUB@ANMOFCF@XN@ZGOEGMN@KD@KO@MKDGOENLB@FCNDF\OK@@
UFDEKMFBDB]@gGK@DK@ZBCGWNC@Z_BZNCLB]@KCEMKONheCLBDK]@CKWeCLBDK@
@LKDWNMMeCLBDK]@KU@GU@NZBCEKZKM@ZBCEFCGB]@KU@KO@ZGNO@DK@
MKONZFBCNU@DKMKD@_GUNCBD]@KCEBMCB@@B\MND]@TNMN@LNM@VBMUN@MKNO@
N@ON@^FLN[a


?gGF@^KUBD@NOWB@gGK@DK@ZBUTOKUKCEN@CND@MKONHzKD@KCEMK@
KZBCBUFN@K@ZGOEGMN@DK@LK@GU@ONLB@BD@KZBCBUFDEND@CIB@^KKU@N@
ZGOEGMN@ZBUB@GU@VNEBM@FUTBMENCEK@CN@ZBCDEMGHIB@LBD@FCLFZNLBMKD@LN@
MFgGKhN@LND@CNHzKD@TBM@BGEMB@BD@NMEFDEND@K@VBMUGONLBMKD@LK@TBOEFZND@
ZGOEGMNFD@N@WGFDN@LK@TMBEKWKM@N@ZGOEGMN@LND@^FZFDDFEGLKD@LB@UKMZNLB@
LKDKC^BO^KU@GUN@TBDEGMN@NGEB@KSZOGLKCEK@K@GU@OGWNM@KU@gGK@N@
ssiu~xnwxntxijisktxnwxnujtvrikrxnjnuvxwo}xnqo~tovj~npqjn
LKOFUFENLN]@TNDDF^N@K@LKTKCLKCEK@ZBUB@CGUN@MKLBUN@TMBEKEBMNa
nwrpqo~wjws|nus~xniskxm|nkxnvjmr~nwsnmsnqxkmtvorvnrkwrqjwxvsmn
TNMN@N@ZGOEGMN@KDEe@LFMKENUKCEK@^FCZGONLN@N@GU@ZBUTBMENUKCEB@
_FDEcMFZB@gGK@UBOLN@ND@UKCENOFLNLKD@LB@gGK@Z_NUNUBD@XB@TB^B@
LN@ZGOEGMN[a@?D@TKDgGFDND@KU@EBMCB@LN@KZBCBUFN@LN@ZGOEGMN]@gGNDK@
DKUTMK]@NTMKDKCENU@GU@ZBCGCEB@LK@LNLBD@gGK@ZBCEN\FOFhNU@BD@
WNDEBD@LB@KDENLB@ZBU@N@UNCGEKCHIB@LN@NTNMKO_NWKU@ZGOEGMNO@K@B@
pkjkqrjisktxnwsnuvxstxm
?@FLKFN@LK@DK@ZBCDEMGFM@FCLFZNLBMKD@N@TNMEFM@LN@ZNLKFN@TMBLGEF^N@
LN@UDFZN@ZBUKHN@EFUFLNUKCEK@N@DKM@KD\BHNLN@CB@FB@LK@dNCKFMB]@
TBM@GU@WMGTB@FCEKMLFDZFTOFCNM@OFLKMNLBD@TKOB@TKDgGFDNLBM@GFD@
ANMOBD@{MKDEKD]@ZBU@NTBFB@LK@FCDEFEGFHzKD@OFWNLND@NB@ZBUMZFB@K@
N@FCLDEMFNa
N@eMKN@LK@ZFCKUN]@TBM@KSKUTOB]@B@ZBMTBMNEF^FDUB@LBD@
TMBLGEBMKD@K@ZFCKNDEND@FUTKLK@N@ZBCDEMGHIB@LK@FCLFZNLBMKD@LK@
LKDKUTKC_B@LB@ZFCKUN@\MNDFOKFMB@CB@UKMZNLB@ZBU@N@DFUTOKD@
jvoisktxnwsnosnjnuvxwo}xnqrksijtxvpqjnnqo~tovj~ns|nmskwxn
jmmri|ns~jnomtrpqjnuxvnmrnismij
?@BTBDFHIB@ZGOEGMN@K@UKMZNLB@KDZBCLK]@CN@UNFBMFN@LND@^KhKD]@
GUN@TBDFHIB@ZYUBLN@TNMN@NgGKOKD@gGK@^F^KU@LBD@DG\DLFBD@TNMN@
N@TMBLGHIB]@DKU@B@ZBUTMBUFDDB@ZBU@BD@MKDGOENLBD@CB@UKMZNLBa
ABU@FDDB@ZMFNUfDK@ND@VNODND@LFZBEBUFND@gGK@NOFUKCENU@ND@
vs~jsmnkxnokrysvmxnwjnqo~tovj~nvjmr~srvxnqo~tovjnnisvqjwxn
FCLDEMFN@ZGOEGMNO@S@ZMFNEF^FLNLK@K@TGMKhN@WOB\NOFhNHIB@S@ZGOEGMN@
CNZFBCNO@FC^KDEFUKCEB@S@LKDTKDN]@ZGOEGMN@TBTGONM@S@ZGOEGMN@KMGLFENa
DDND@LFZBEBUFND@NOFUKCENU@VNODBD@LFOKUND@FCEKMWMGTNFD@K@
TMFCZFTNOUKCEK]@VBMENOKZK]@B@FCEKMKDDK@LBD@WMGTBD@BMWNCFhNLBD@gGK@
NEGNU@ZBMTBMNEF^NUKCEK@TNMN@UNCEKM@DKGD@TMF^FOWFBD@CBD@WGFZ_D@
wsnjtskwrisktxnwjmnjskqrjmnxysvkjisktjrmnosnpkjkqrjin
TMBKEBD@ZGOEGMNFDa
AMFNM@FCLFZNLBMKD@K@DFDEKUND@TNMN@N^NOFNM@ND@TBOEFZND]@BD@
TMBWMNUND@K@ND@NHzKD@LK@FC^KDEFUKCEB@KU@ZGOEGMN@EKCLB@TBM@\NDK@
xmnxstryxmnwspkrwxmnkxnu~jksjisktxnsmtvjtrqxnsnk}xnkxn
qoiuvrisktxnwsnistjmnmrqjmnxonkjnojktrpqj}xnwxnjtskwrisktxn
wsnwsijkwjnnoinwsmjpxnwsnrkqrxnwsnoinkxyxnxysvkxnosnn
LKFSNLB@LK@ONLB@NB@OBCWB@LN@WKDEIBa@KDZKCEMNOFhNM@N@KSKZGHIB@
LBD@TMBWMNUND@K@NHzKD@K@KDEFUGONM@N@BMWNCFhNHIB@LBD@TMBLGEBMKD@K@
ZMFNLBMKD@ZGOEGMNFD@NEMN^D@LK@bMWNCFhNHzKD@IB@!B^KMCNUKCENFD@
KF@LB@KMZKFMB@KEBM]@LKDUBCENCLB@N@TBOEFZN@LK@NEKCLFUKCEB@LK@
LKUNCLN@K@B@ZBMTBMNEF^FDUB@@DKUTMK@GUN@TMBUKDDN@gGK@CIB@DK@
OK^N@NLFNCEKa
CDKMFM@N@ZGOEGMN@KU@EBLND@ND@DGND@^KMEKCEKD@K@TBEKCZFNOFLNLKD@
ZBUB@KFSB@LB@LKDKC^BO^FUKCEB@_GUNCB@K@VNEBM@KDEMNEWFZB@ZBUB@
WNMNCEFN@TNMN@B@VBMENOKZFUKCEB@LN@FLKCEFLNLK@CNZFBCNO@DKU@ZBU@FDDB@
KOFUFCNM@N@TBDDF\FOFLNLK@LND@EMBZND@DFU\cOFZND@K@TMFCZFTNOUKCEK@
Y[

MKDTKFENCLB@N@LF^KMDFLNLK@ZGOEGMNO@FCEKMCN@K@KSEKMCN@@GUN@TMBUKDDN@
osnpqjnkxmntstxmnuvxvjitrqxmnwjmnqjiujkljmns~srtxvjrm
K@TNMN@BD@FCWOKDKD@B@EKMUB@XZMKNEF^K@FCLGDEMFKD[@MKDGUK@
B@ZBCGCEB@LN@TMBLGHIB@ZGOEGMNO@FCZOGFCLB@ND@NEF^FLNLKD@LK@
KCEMKEKCFUKCEB]@UGDKGD@K@ZKCEMBD@ZGOEGMNFD]@TNMN@CcD@N@FLKFN@LK@
FCLDEMFN@ZGOEGMNO@UGFEND@^KhKD@DK@BTzK@`@ZGOEGMN@KU@DKG@DKCEFLB@
UNFD@TGMBa@?B@ZBCZKFEB@LK@KCEMKEKCFUKCEB@gGK@ZBMMKDTBCLK@NB@
ZNMMBfZ_KVK@LN@FCLDEMFN@ZGOEGMNO@NUKMFZNCN@BTzKfDK@`@FLKFN@LK@
ZMFNHIB@NMEDEFZN]@TMBLGHIB@FCLKTKCLKCEK]@TMBLGHIB@NGEBMNO@KEZa
<@FLKFN@LK@GUN@TMBLGHIB@ZGOEGMNO@DGDEKCEe^KO@ZBU@BMFKCENHIB@
TNMN@GU@UKMZNLB@ZBCDGUFLBM@DK@BTzK@N@LK@GUN@FCVMNKDEMGEGMN@
LK@TMBEKHIB@NB@NMEFDEN@TNMN@gGK@KOK@TBDDN@LKDKC^BO^KM]@DKU@ND@
OFUFENHzKD@LB@UKMZNLB]@DGN@KSTMKDDIB@K@ZMFNEF^FLNLKa
DDN@FCVMNKDEMGEGMN@TMBEKEBMN@@DKUTMK@ZB\MNLN@LBD@BMWNCFDUBD@
LK@KDENLB@KU@EBLND@DGND@FCDENCZFNDa@?@FLKFN@LK@UKZKCNEB@ZGOEGMNO@
juxrjwjnsinrkqsktryxmnpmqjrmnujvjnjmnsiuvsmjmnujtvxqrkjwxvsmnn
MKZ_NHNLN@ZBUB@GU@UKZNCFDUB@CKBOF\KMNO@K@ZBCEMN@N@OF\KMLNLK@LK@
ZMFNHIB@LBD@NMEFDENDa
<@^FDIB@LK@GUN@TMBLGHIB@ZGOEGMNO@TGMN@DB\@N@TMBEKHIB@
LB@KDENLB@BTBDEN@`@FUTGMKhN@LN@TMBLGHIB@LK@UKMZNLB@K@LB@
KCEMKEKCFUKCEB@DK@NWMKWN@N@FLKFN@LK@GUN@ZGOEGMN@TBTGONM@K@VBOZOcMFZN@
gGK@LK^K@DKM@TMBEKWFLN@LK@gGNOgGKM@TBDDF\FOFLNLK@LK@UGLNCHN@K@
EMNCDVBMUNHIBa@?@^KMLNLK@@gGK@KU@EBLN@N@_FDEcMFN@LN@_GUNCFLNLK@
KU@DKGD@^eMFBD@KDEeWFBD@LK@LKDKC^BO^FUKCEB@N@TMBLGHIB@ZGOEGMNO@
NZBUTNC_BG@N@DBZFKLNLK@K@LKDKUTKC_BG@GU@TNTKO@VGCLNUKCENO@
kxmnvs~jqrxkjisktxmnsnkjmntvxqjmnrktsvvoujrmnxwsixmnjpvijvn
gGK@DKUTMK@_BG^K@GUN@FCLDEMFN@ZGOEGMNO@TMBLGhFCLB@B\KEBD]@
\KCD@DFU\cOFZBD]@CNMMNEF^ND]@NOFUKCENHIB@K@EKZCBOBWFN@KU@EBLND@ND@
KENTND@LN@_FDEcMFN@LN@_GUNCFLNLKa
"snskqjvjvixmnwsmmjnxvijnsnwspkrvixmnqxixnrkwmtvrjn
ZGOEGMNO@EBLND@ND@NEF^FLNLKD@TMBLGEF^ND@CN@ZGOEGMN@LK@GU@TB^B]@
LN@TMBLGHIB@ZGOEGMNO@gGK@KC^BO^K@N@UNFD@N^NCHNLN@EKZCBOBWFN@
`@UNCGVNEGMN@ZBU@UNEKMFNFD@\eDFZBD@LBD@FCLWKCND@K@NMEKDIBD]@
TBLKMKUBD@KDEN\KOKZKM@GUN@MKLK@LK@TMBLGHIB@ZGOEGMNO@ZBU@
NEF^BD@UKCDGMe^KFD@K@KU@ZBCDKgGCZFN@ZMFNMKUBD@GU@DFDEKUN@LK@
qxktjr~rwjwsnwsmmjnuvxwo}x|noijnysvwjwsrvjnsnspqj|njvtxvjpjn
AGOEGMNOa
U@LBD@TBCEBD@ZMGZFNFD@CN@gGKDEIB@LB@LKDKC^BO^FUKCEB@@
NTBCENLN@TBM@dN^FKM@{KMKh@LK@AGKOONM]@CB@FCVBMUK@LN@ABUFDDIB@
okwrj~nwsno~tovjnsnwsmskyx~yrisktxn9xmmjnrysvmrwjwsn
vrjtryj|nojkwxnjpvijnrG nsknioqlxmnuvxsqtxmnwsnwsmjvvx~~xnmsn
_N\FN@DG\KDEFUNLB@ON@FUTBMECZFN@LKO@VNZEBM@_GUNCB]@ON@ZBUTOKN@
EMNUN@LK@MKONZFBCKD@@ZMKKCZFND]@^NOBMKD@@UBEF^NZFBCKD@gGK@KD@ON@
ULGON@LK@GCN@ZGOEGMN[]@NZMKDZKCEB@gGK@ENU\U@CIB@DK@OK^BG@KU@
ZBCEN@N@CBHIB@LK@ZGOEGMN@ZBUB@NEF^B]@ZBUB@ZBCGCEB@VBMUNLBM@LN@
MFgGKhN@LK@GU@TNDa
{NMN@DK@TKCDNM@N@ZGOEGMN@ZBUB@VNEBM@LK@LKDKC^BO^FUKCEB@
DBZFNO@K@_GUNCB@@TMKZFDB@gGK@DK@KCEKCLN@B@ZBUTOKSB@DFDEKUN@LK@
TMBLGHIB@ZGOEGMNO@ZBUB
njmsnsmmskqrj~nkjnxvij}xnwjnrwsktrwjwsnwsnoinuxyxnsnkjn
UNCGEKCHIB@LK@DGN@UBEF^NHIB@K@NGEBKDEFUN@


nxvrj}xnqxkmtrtoqrxkj~nsnwrvsrtxnwxnqrwjw}xn
nriuxmmys~nwsnmsvnqxurjwjnxonwsmskyx~yrwjnsinxotvxnujmn
nj~rjwjnjxntovrmixnnoijnwjmnrkwmtvrjmnosnijrmnmsnwsmskyx~ysn
CB@UGCLB@
noinjtxvnwsnwsmskyx~yrisktxnsqxkirqxnsnmxqrj~noinjtryxn
LN@CNHIBa
ABU@KDDKD@TMFCZTFBD@TBLKUBD@LKDKC^BO^KM@GUN@UKEBLBOBWFN@
ujvjnoijnjvtxvjpjno~tovj~njmmsktjwxnkxmnis~lxvsmnvsqovmxmn
gGK@N@NEGNO@EKZCBOBWFN@LFWFENO@CBD@TKMUFEKa@bD@DFDEKUND@LK@\NCZB@
LK@LNLBD@FCEKMOFWNLBD@K@MNCLYUFZBD@TKMUFEKU@B@NMUNhKCNUKCEB@
wsnrkpkrtxmnwjwxmnsnrkxvijsmnj~inwsnoijnvsqousvj}xnwsnqr~n
NZKDDB@K@CN^KWNHIBa
jvjnrmmxnjnjvtxvjpjno~tovj~nk}xnuxwsnmsvnsktskwrwjnqxixn
oinmriu~smnqjwjmtvx|nijmnqxixnoinvjkwsn jujnwsn9jysj}xnsn
GU@WMNCLK@KDTKO_B@LN@LF^KMDFLNLK@ZGOEGMNOa@ANLN@TB^B]@ZNLN@WMGTB@
DBZFNO@BG@ECFZB@EKMe@UKFBD@LK@ZNENOBWNM]@UKCDGMNM@K@^NOBMNM@DGN@
MFgGKhN@ZGOEGMNO@KU@ZBCLFHzKD@LK@LFeOBWB@K@EMBZND@ZBU@ND@LKUNFDa
?D@KSTKMFCZFND@LK@LKDKC^BO^FUKCEB@LK@{MBWMNUND@LK@
jvtxvjpjnqo~tovj~nsinwsmskyx~yrisktxnvsys~jinosnk}xnjmtjn
B@ZNLNDEMNUKCEB@K@B@NMUNhKCNUKCEB@LK@LNLBD@KU@UKUcMFN@LK@
ZBUTGENLBMKDa@?@EKZCBOBWFN@K@N@OFCWGNWKU@LBD@TMBWMNUND@TBLKU@
jqr~rtjvnxonwrpqo~tjvnxnjqsmmxnmnrkxvijsmnjvijskjwjmn
N^KWNM@CGU@\NCZB@LK@LNLBD@KDEMGEGMNLBD@N@TNMEFM@LK@GUN@
~rkojsinvs~jqrxkj~|nqxixnjnjvtxvjpjno~tovj~nwxnlr~s|nosnn
VMGEB@LK@GU@TFBCKFMB@K@KSEMNBMLFCeMFB@KDVBMHB@LK@WB^KMCB]@UND@gGK@
NB@DKM@ZBCDGOENLB@TBLK@DK@EMNCDVBMUNM@CGUN@KSTKMFCZFN@ZNCDNEF^N@
K@LKDKDEFUGONCEK@TNMN@GU@FCEKMCNGEN@_N\FEGNLB@NBD@\NCZBD@LK@
LNLBD@K@DFDEKUND@LK@CN^KWNHIB@MNCLYUFZBD@UNFD@NTMBTMFNLBD@TNMN@
N@FCEKMCKEa
xnwsmskyx~ysvnoinuvxvjijnwsnjvtxvjpjno~tovj~|nwsysn
DKM@OK^NLB@KU@ZBCEN@CIB@Dc@B@OK^NCENUKCEB@LK@LNLBD]@UND@ENU\U@
N@VBMUN@ZBUB@DKMIB@LFDTBCF\FOFhNLBD@TNMN@NZKDDB@LBD@GDGeMFBDa@?
?@NGDCZFN@LK@LNLBD@EKU@DFLB@GU@LBD@TBCEBD@VGCLNUKCENFD@CN@
wrpqo~wjwsnwsnrkmsv}xnwjnqo~tovjnqxixnjtxvnwsnwsmskyx~yrisktxn
KZBCYUFZB@K@DBZFNOa@?@TMBLGHIB@ZGOEGMNO@@gGNDK@DKUTMK@^FDEN@
TKOBD@KZBCBUFDEND@K@TONCKNLBMKD@ZBUB@NOWB@FCENCW^KO]@LK@ZNMeEKM@
mostryxnsnuxvnrmmxnriuxmmys~nwsniskmovjv|nyj~xvjvnsnuxvnpin
N^NOFNMa
%inusoskxnsjisnkjnjtoj~nsmtvotovjnwxn rkrmtvrxnwjn
o~tovj|nkxnvjmr~|nqxkpvijnjnuxoqjnriuxvt=kqrjnosnmsnwsonsnosn
DK@Le@`@ZMFNHIB@LK@\NCZB@LK@LNLBD@K@LK@FCLFZNLBMKD@DB\MK@N@TMBLGHIB@
qo~tovj~nxnqxktvjvrxnwxnisvqjwxnpkjkqsrvxnosnmsnixyrisktjn
N@TNMEFM@LN@TMKZFDIB@K@LN@^KOBZFLNLK@LND@FCVBMUNHzKD@N@ZGOEGMN@
CN^KWN@CGU@UNM@LK@FUTMKZFDIB]@LK@KUTFMFDUB@K@LK@DG\KEF^FLNLKa

-./6783749/2/0/5212:08; 2:30/
67837498/17132:328.
wjutjwxnwsn`xjtjknr~s~jnsvs~

nvjkwsnwsmjpxnosnxnujmnskvsktjnnuvsmm}xnosnwsmskyx~f
^FUKCEB@KSKMZK@DB\MK@ND@KDEMGEGMND@EMNLFZFBCNFD@\MNDFOKFMND]@DKNU@
DEFBD@GM\NCBD@LK@^NOBM@ZGOEGMNO]@DEFBD@NMgGKBOcWFZBD]@NDDKCENUKCf
EBD@FCLWKCND@DKNU@ND@TBTGONHzKD@EMNLFZFBCNFD]@DKGD@ZBC_KZFUKCf
EBD@K@TMeEFZNDa
Y

ABCDKM^NHIB@LK@EFBD@LB@{NEMFUYCFB@AGOEGMNO
bD@DEFBD@GM\NCBD@LK@^NOBM@ZGOEGMNO@EU@MKZK\FLB@FC^KDEFUKCEBD@
TNMN@N@TMKDKM^NHIB@LB@DKG@TNEMFUYCFB]@UND]@UKDUB@ZBCDFLKMNCLB@
xmnsmxvxmnwxnvxvjijn xkoisktjnk}xnmsnj~qjkxonoijnsmtvjf
EWFN@LK@WKDEIB@gGK@VN^BMKHN@N@LFCNUFhNHIB@LKDDND@eMKND@K@DGN@DGDf
EKCEN\FOFLNLKa
?B5ZBCEMeMFB]@DEFBD@_FDEcMFZBD@GM\NCBD@LK@UNFBM@TBMEK]@NOWGCD@
ws~smnrkmqvrtxmnkjn$rmtjnwxnjtvrikrxn okwrj~|nyryskqrjinoijn
VNDK@LK@KDWBENUKCEB@LND@UKLFLND@LK@ZBCDKM^NHIB@ZBCZKCEMNLND@
\NDFZNUKCEK@CN@MKZGTKMNHIB@LK@KLFVZFBDa@KgGKMKU@GMWKCEK@KDf
EMNEWFN@LK@WKDEIB]@ZNTNh@CIB@NTKCND@LK@KCVMKCENM@BD@TMB\OKUND@LK@
ZBCDKM^NHIB]@UND@LK@FCDKMFfOBD@CN@NWKCLN@LK@LKDKC^BO^FUKCEB@LB@
TND]@K^FENCLB@gGK@DK@EBMCKU@NFCLN@UNFD@UNMWFCNFD@KU@MKONHIB@N@
KDDN@NWKCLNa
b@ZMKDZFUKCEB@LB@ZBCDGUB]@LN@FCB^NHIB@K@LB@KCEMKEKCFUKCEB@
wrkjirjnjnrkwmtvrjnqo~tovj~nkxnvjmr~|nsktvstjktx|nvs@strkwxnjntskf
LCZFN@UGCLFNO]@KDDK@@GU@DKEBM@LK@VBMEK@EKCLCZFN@`@ZBCZKCEMNHIBa@
jrmnoijnys|nwsujvjms|nwsnoin~jwx|nqxinjnxuxvtokrwjwsnwsnvsf
VBMHB@LK@DKEBMKD@UNFD@LFCUFZBD@LN@FCLDEMFN@ZGOEGMNO@ZBUB@B@NGf
LFB^FDGNO]@N@UDFZN]@B@LKDFWC@K]@LK@BGEMB]@ZBU@DMFND@OFUFENHzKD@LK@
wrmtvror}x|njqsmmxnsnwsni}xwsxvjnoj~rpqjwjnojkwxnmsntvjtjn
LK@DKEBMKD@ZBU@UNFBMKD@KSFWCZFND@EKZCBOcWFZNDa
!MNCLK@KDVBMHB@EKU@DFLB@VKFEB@KU@LFMKHIB@NB@TONCKNUKCEB@K@`@
ZMFNHIB@LK@DFDEKUND@LK@WKDEIB@@ZGOEGMN]@UGDKGD]@TNEMFUYCFB@@gGK@
FCEKWMKU@BD@EMD@C^KFD@LK@WB^KMCB]@DKEBM@TMF^NLB@K@ZBUGCFLNLKa@
?OU@LFDDB]@BD@MKZGMDBD@_GUNCBD]@KDTKZFNOUKCEK@CB@WB^KMCB@VKLKf
MNO]@EU@DFLB@MKZBUTBDEBD@ZBU@CB^ND@ZBCEMNENHzKD@LK@VGCZFBCeMFBDa@
DDN@CIB@]@CB@KCENCEB]@GUN@MKNOFLNLK@CNZFBCNO]@KU@gGK@N@WKDEIB@LN@
ZGOEGMN]@KDTKZFNOUKCEK@CBD@UGCFZTFBD]@@NFCLN@UGFEB@L\FO@K@UGFEB@
DGKFEN@N@BDZFONHzKDa
?@CKZKDDFLNLK@LK@NTMKKCLKM@N@LFUKCDIB@LND@EMNCDVBMUNHzKD@
KU@ZGMDB@KD\NMMN@CN@VMNWFOFLNLK@BG@UKDUB@CN@NGDCZFN@LK@FCLFZNf
LBMKD@LK@NZKDDB]@LKUNCLN@K@ZBCDGUB@LK@ZGOEGMN@gGK@VBMCKHNU@DG\f
DLFBD@TNMN@N@VBMUGONHIB@LND@TBOEFZNDa@{BM@KDDN@MNhIB]@KDVBMHBD@EU@
DFLB@KUTMKKCLFLBD@TBM@UKFB@LK@TNMZKMFND@TNMN@B@LKDKC^BO^FUKCEB@
wsnsmtowxmnqjujsmnwsnrwsktrpqjvnjnstskm}xnwjmnvs~jsmnsktvsnjn
ZGOEGMN@K@N@KZBCBUFNa
SFDEK@N@CKZKDDFLNLK@LK@ZMFNHIB@LK@CB^BD@DFDEKUND@K@FCDEMGf
isktxmnwsnsmt}xnwxnujtvrikrx|nos|nkxnqjmxnwxnvjmr~|nvs~jqrxf
CNUfDK@LFMKENUKCEK@`D@gGKDEzKD@GM\NCND]@`@_N\FENHIB@K@`D@ZBCLFf
HzKD@LK@^FLNa
?@ZGOEGMN@K@DKGD@LF^KMDBD@ZFMZGFEBD@LK@TMBLGHIB@K@ZFMZGONHIB@
VBMUNU@ GU@ ZBCGCEB@ LK@ NEF^FLNLKD@ VGCLNUKCENFD@ TNMN@ B@
LKDKC^BO^FUKCEB@KZBCYUFZB@K@DBZFNOa@CgGNCEB@KDVKMN@LK@FCB^NHIB@
K@KSTMKDDIB@LN@ZMFNEF^FLNLK]@N@ZGOEGMN@NTMKDKCENfDK@ZBUB@DKEBM@
KDEMNEWFZB@TNMN@B@LKDKC^BO^FUKCEB@DBZFNO@GDEB@K@DGDEKCEe^KO@gGK@
EBUN@ZBUB@MKVKMCZFN@N@\FBLF^KMDFLNLK@K@DGN@MKONHIB@ZBU@UBLKOBD@
LK@UNCKB@TMKDKCEKD@CND@TBTGONHzKD@EMNLFZFBCNFDa@{NMN@NUTOFNM@
N@TNMEFZFTNHIB@LN@ZGOEGMN@CKDEK@TMBZKDDB@LK@LKDKC^BO^FUKCEB@@
CKZKDDeMFB@TMBUB^KM@ND@ZBCLFHzKD@CKZKDDeMFND@TNMN@N@ZBCDBOFLNHIB@
LN@KZBCBUFN@ZMFNEF^N@K@FCLGhFM@KDEMNEWFND@LK@DGDEKCEN\FOFLNLK@CBD@
TMBZKDDBD@ZGOEGMNFDa


KDDNOENfDK]@ CKDDK@ DKCEFLB]@ N@ MKOK^CZFN@ LK@ FCZBMTBMNM@
N\BMLNWKU@^BOENLN@TNMN@N@KZBCBUFN@ZMFNEF^N]@N@gGNO@ZBUTMKKCLK@
BD@ZFZOBD@LK@ZMFNHIB]@TMBLGHIB]@LFDEMF\GFHIB]@LFVGDIB]@ZBCDGUB@K@
VMGFHIB@LK@\KCD@K@DKM^FHBD@TMBLGhFLBD]@KU@DGN@UNFBMFN@ZBUTBDEBD@
TBM@KUTMKKCLFUKCEBD@LK@CNEGMKhN@ZGOEGMNOa@KDDN@TKMDTKZEF^N]@
DKEBMKD@ZMFNEF^BD@DIB@KCEKCLFLBD@ZBUB@NgGKOKD@ZGND@NEF^FLNLKD@
KZBCYUFZND@EU@ZBUB@TMBZKDDB@TMFCZFTNO@B@NEB@ZMFNEF^B@WKMNLBM@
LK@^NOBM@DFU\cOFZB]@KOKUKCEB@ZKCEMNO@LN@VBMUNHIB@LB@TMKHB@gGK@
MKDGOEN@KU@TMBLGHIB@LK@MFgGKhN@ZGOEGMNOa
b@{ONCB@NZFBCNO@LK@AGOEGMN@{A@LKLFZBG@GU@ZNTEGOB@
smusqpqxnujvjntvjtjvnwjnsqxkxirjnqvrjtryjnsnwxnwsmskyx~yrisktxn
DGDEKCEe^KO]@ZBCDFLKMNCLB@N@FUTBMECZFN@ENCEB@LN@DGDEKCEN\FOFLNLK@
LND@NEF^FLNLKD@ZGOEGMNFD]@gGNCEB@LN@FCEKMVNZK@KCEMK@N@ZGOEGMN]@N@FCZOGDIB@
DBZFNO@K@B@UKFB@NU\FKCEKa@GND@NHzKD@^IB@LKDLK@B@VBUKCEB@NB@GDB@
ZBUKMZFNO@DGDEKCEe^KO@LK@\KCD@K@DKM^FHBD@ZGOEGMNFD@NE@N@KSTNCDIB@
LBD@DKEBMKD@K@LBD@DKM^FHBD@ZMFNEF^BDa@ABU@KOND]@TMKEKCLKfDK@MKLGhFM@
NDDFUKEMFND@K@LFDTNMFLNLKD@MKWFBCNFD]@KDTKZFNOUKCEK@CND@NEF^FLNLKD@
K@ZNUTBD@CBD@gGNFD@N@ZGOEGMN@FCEKMNWK@ZBU@BD@UKMZNLBDa@ABUB@
LFMKEMFh@CBMEKNLBMN]@_e@B@FCZKCEF^B@N@UBLKOBD@LK@LKDKC^BO^FUKCEB@
DGDEKCEe^KO@gGK@MKLGhNU@N@LKDFWGNOLNLK@MKWFBCNO@DKU@TMKGhB@LN@
LF^KMDFLNLKa@CEMK@ND@NHzKD@gGK@ZBUTzKU@KDEK@EKUN@KCZBCEMNUfDK@
jnrwsktrpqj}xnwjmnqjwsrjmnuvxwotryjmnxnxisktxnjnvswsmnsnjvvjkxmn
uvxwotryxmnjnxvij~rj}xnsnoj~rpqj}xnwxnisvqjwxnwsntvjj~lxn
LB@DKEBM@ZGOEGMNO@B@VBUKCEB@`@FCB^NHIB@EKZCBOcWFZN@K@N@FCEKWMNHIB@
LN@ZGOEGMN@ZBU@B@EGMFDUBa
ZBCBUFN@K@LKDKC^BO^FUKCEB@DIB@NDTKZEBD@LN@ZGOEGMN@LK@GU@
TB^Ba@?@ZGOEGMN@@TNMEK@LB@TMBZKDDB@TMBTGODBM@LN@ZMFNEF^FLNLK]@WKf
MNLBM@LK@FCB^NHIB@KZBCYUFZN@K@EKZCBOcWFZNa@?@LF^KMDFLNLK@ZGOEGMNO@
TMBLGh@LFDEFCEBD@UBLKOBD@LK@WKMNHIB@LK@MFgGKhN@gGK@LK^KU@DKM@MKf
ZBC_KZFLBD@K@^NOBMFhNLBDa@b@{A@KDEN\KOKZK@^CZGOBD@KCEMK@NMEK]@
ZFCZFN@K@KZBCBUFN@CN@TKMDTKZEF^N@LN@FCZOGDIB@K@LB@LKDKC^BO^Ff
isktxn"ojmnuvxuxmrsmnqxktsiu~jinjnxvij}xnuvxpmmrxkj~njn
MKWGONUKCENHIB@LB@UKMZNLB@LK@EMN\NO_B@TNMN@ND@ZNEKWBMFND@KC^BOf
^FLND@ZBU@N@TMBLGHIB@ZGOEGMNO@K@B@KDEUGOB@NBD@FC^KDEFUKCEBD@K@
NB@KUTMKKCLKLBMFDUB@CND@NEF^FLNLKD@KZBCYUFZND@LK@\NDK@ZGOEGMNO]@
sktvsns~jmnxntovrmix|njmnqxiokrqjsm|njnrkwmtvrjnvpqj|njnxkxf
vpqj|njnjvortstovj|njnixwj|nwsktvsnxotvjmnxvnxotvxn~jwx|njyj~rjn
N@FCDKMHIB@LK@TMBLGEBD]@TMeEFZND@K@\KCD@NMEDEFZBD@K@ZGOEGMNFD@CND@
LFCUFZND@KZBCYUFZND@ZBCEKUTBMCKND]@ZBU@^FDEND@`@WKMNHIB@LK@
EMN\NO_B]@MKCLN@K@BTBMEGCFLNLKD@LK@FCZOGDIB@DBZFNOa
"X"nnX"nni"n rkrmtvrxnwjn
AGOEGMNa

HnXijnn"""X79nnX$f
b@?@A?
PaP@KDKC^BO^KM@K@WKMFM@GCEB@NBD@cMWIBD@T\OFZBD@LK@KLGZNHIB@
TMBWMNUND@FCEKWMNLBD@LK@ZNTNZFENHIB@TNMN@N@eMKN@LN@ZGOEGMN]@KDEFf
io~jkwxnjnuvxpmmrxkj~rj}xnsnxnxvtj~sqrisktxnwjnsqxkxirjnsin
EBLBD@BD@DKWUKCEBD@NMEDEFZBD@K@ZGOEGMNFDa
Y

Pa@CZKCEF^NM@N@ZMFNHIB@LK@ZGMDBD@OF^MKD]@EZCFZBD@K@DGTKMFBMKD@
wsnxvij}x|nusmormjnsnjtoj~rj}xnuvxpmmrxkj~|nsmtrio~jkwxnksmf
msnuvxqsmmxnjnvs@s}xnmxvsnjmn~rkojskmnjvtmtrqjmnsnsuvsmmsmn
qo~tovjrmnwxnujmnmtjs~sqsvnjtvjymnwxmnjkqxmnsmtjtjrmnwsnpkjkf
ZFNUKCEB@OFC_ND@LK@UFZMBZMLFEB@TNMN@N@TMBUBHIB@LKDDKD@ZGMDBDa
Pa@?EGNM@KU@TNMZKMFN@ZBU@ND@FCDEFEGFHzKD@LK@KCDFCB]@DB\MKEGLB@
ND@GCF^KMDFLNLKD@K@KDZBOND@EZCFZND@T\OFZND]@TNMN@B@NTMFUBMNUKCEB@
ZBCECGB@LK@ZGMDBD@^BOENLBD@`@VBMUNHIB@LK@WKDEBMKD@LK@FCDEFEGFHzKD@
K@KgGFTNUKCEBD@ZGOEGMNFDa
Pa@AMFNM@TMBWMNUND@CNZFBCNFD]@KDENLGNFD@K@UGCFZFTNFD@TNMN@
N@NUTOFNHIB@LN@BVKMEN@LK@BTBMEGCFLNLKD@LK@ZNTNZFENHIB@TNMN@BD@
NMEFDEND@K@TMBLGEBMKD@ZGOEGMNFD]@KCWOB\NCLB]@NOU@LND@EZCFZND@LK@
KSTMKDDIB]@N@WKDEIB@KUTMKDNMFNO@K@B@GDB@LND@EKZCBOBWFND@LK@FCVBMf
UNHIB@K@ZBUGCFZNHIBa
{x51yz555e5e55e5zg
50 50553 555ze55e55g
e5 5e5z55ee5ex565e5
e5 e55e5 ze5egyze55
e55e0gze555ee555g
55zx
{x54z5z5yz55e55e5e5
ez55 5z 5e5ze5ez5
5e5e55ee5 ze55 g
e5 5e555e5x
{x~55e 5 5ee5e 55e5
55555e55 55ze5
I JKL
55e58e 5ey55e552zee50g
z5e55 8e5ee555zx
{x5e 55e55e5ee5e555eg
e5ez55 g 55ee5zee55
555z5eze55ee x
{x54z5e 55e5555
ze555 z e55ze5e55g
e5e5 8e5zz5e55e55zg
e5yex
{x{}5 z 555e55e e5e5
e55 e555e5ee55e5zzx5

z5555ee5ez55eze55g
e e555e e5e e5e5e 57z555
e5ee557zx
{x{{5e 55e e555e55e55eg
e555ee5zz5e5e55yg
ze55e555z 5 5055 g
ze5ezx
{x{51 z55ee55e55e5g
ge55e 552e5e55e e55
e5ze55 55z55
525zx
MNMOP QJJg
J QJ
e5e5 8e5555zzx


{x{|57ey5e 55e55g
e55e5 e55e5e5 55g
ee5x5
z55e ee555zz5
e5e55e5x
{x{54z5 55e 5e5f e5e52yze5
e 55e55e z555g
e5ee55 55z5 ze5e5
e5e z55yze55e5e5e5
e55e5e5e5yze55e5g
e 5ey5e5e55ey5z5e55
z55yzex
{x{57ee5e5e5e59ze55e5f g
RSJ
505zz5e5e5yze5e55
ee55ee55e5e5e555eg
zx
{x{~51 z55e555e5ee5
5 5yze55z5e5e 57z5
55ee5 z55e 5ze5555
TN
{x{5 z5 55e 55 5 eg
5e5e 557z5e52yze5ze5e 5e5
eye55 z5e5e5e5e e5zz5e5 e55
ye55x
U5102nf 8935
356101 39f 1 2356
5173 3g
f 
56
5789284
x
x{54z5e 55e5yz e55 eg
ze55ez e50z55 55zg
5ez5 5e555e5 e552zeg
e5e z55ee555y5zx
x55e 55e e55e55g
z55 e5e5e55e55yze555
5ee 5z55555 5zx
x535ee5e5555e e5
5ee5555e5 5y g55g
e55555yzex5ez55ee 5
ez05e5e5e55 e5 e5
z55 ze55ee5e5yze55
z5 5e5ee5e5e53g
550e57z555yze530755
eex
x|55e 55ye55 5zg
5 55e 555e5e5
550y55f e556ez e5g
557e e512ex
x5552ee5zz5e5 e55eg
5e5e5ee5z5ze5 55e 5
55x51 z55zee555
yz5e e5e55e55ee55e55
5ez e55ee x
x54z 5e5e5ze5e5e e5zz5
55e55ee5egz5ee5 5
yz55e 55ee5z5e5 5g
e50ex
Y1

x~5e 55 ze55ze5e55g

55ee555ee55e 0e555
 1 g
e55ee555ee55ee555
yze5ze55ex
x54z5e5e55e e55
ye55e55 55e e5ey555
5ze5 5ez55ee5ee55e e5
zzx51yz55e 5ee5555zg
e55ex
x5e 55e55e e5e 55
e55e55e5e55zz5e5
 e5z55e5e55y550g
5e55ezx
x{}5e 5e5ez e55VeW5z55
yze555ee55e555e55zx
x{{54z5e 55ee55 e55
eze55e55e5{50e55e5z5
e 555e5 e55 5e5ee5z8g
e555ze5zx
aP@CZKCEF^NM@ND@FCB^NHzKD@EKZCBOcWFZND@LN@eMKN@ZGOEGMNO@gGK@
ZBUTMKKCLNU@K@LFNOBWGKU@ZBU@BD@ZBCEKSEBD@K@TMB\OKUND@DBZFBKf
ZBCYUFZBD@OBZNFDa

nsj~rjvnjqxvwxmnqxinjkqxmnwsnpkjkqrjisktxnujvjnuxmf
DF\FOFENM@N@BVKMEN@LK@OFC_ND@LK@ZMLFEB@KDTKZFNFD@TNMN@ND@FCLDEMFND@LB@
OF^MB@K@LK@MKTMBLGHIB@LK@FUNWKCD]@B\MND@DBCBMND@K@NGLFB^FDGNFDa@
UTBM@ZBUB@ZBCEMNTNMEFLN@B@\NMNEKNUKCEB@LB@UNEKMFNO@KLFENLB]@N@
TG\OFZNHIB@LK@B\MND@MNMND@K@KSTKMFUKCENFD@K@N@NUTOFNHIB@LND@EFMNf
WKCDa
aP@CZKCEF^NM@N@MKNOFhNHIB@LK@K^KCEBD@OFWNLBD@`@UBLN]@LKf
mrknsnjvtsmjkjtx|nwxmnwsmp~smnsnsuxmrsmnwxmnvjkwsmnqsktvxmn
GM\NCBD@`D@VKDEND@K@VKFMND@TBTGONMKD]@^NOBMFhNCLB@N@FUTOKUKCENf
HIB@LK@FLKFND@K@DBOGHzKD@FCB^NLBMNDa@?MEFZGONM@ND@NHzKD@LBD@cMWIBD@
qo~tovjrmnqxinxnvxvjijnvjmr~srvxnwsnsmrknwxn rkrmtvrxnwxn
KDKC^BO^FUKCEBa
aP@?MEFZGONM@ND@TBOEFZND@LK@ZGOEGMN@K@LK@DKWGMNCHN@NOFUKCENM]@
TNMN@gGK@BD@_e\FEBD@K@ZBCEKSEBD@DFU\cOFZBD@MKWFBCNFD@DKNU@ZBCf
mrwsvjwxmnqxixnjtxvsmnwsnoj~rpqj}xnwxmnixws~xmnwsnuvxwo}xn
DGDEKCEe^KO@LK@NOFUKCEBD@TNMN@N@KMMNLFZNHIB@LN@VBUK@K@N@Ue@CGEMFf
HIBa
aP@CZKCEF^NM@B@LKDKC^BO^FUKCEB@LK@UBLKOBD@DBOFLeMFBD@LK@
OFZKCZFNUKCEB@LK@ZBCEKLBD@ZGOEGMNFD]@ZBU@B@B\KEF^B@LK@NUTOFNM@
B@MKZBC_KZFUKCEB@LBD@NGEBMKD@LK@B\MND@FCEKOKZEGNFD@K@LK@KSTNCLFM@
B@NZKDDB@`@ZGOEGMNa
aP@{MBUB^KM@N@FCVBMUNHIB@K@ZNTNZFENHIB@LBD@EMN\NO_NLBMKD@
LN@ZGOEGMN@DB\MK@FCDEMGUKCEBD@LK@TMBTMFKLNLK@FCEKOKZEGNO@LB@DKEBM@
qo~tovj~|njnssiu~xnwsnijvqjmnqx~stryjmnsnwsnqsvtrpqj}x|nrkwrqjf
smnsxvpqjm|nujtsktsm|nwxikrxnu~rqxnsnwrvsrtxnjotxvj~nmf
EFUGONM@N@FCZOGDIB@LKDEKD@EKUND@CBD@TMBWMNUND@LK@ZBCZGMDBD@Tf
\OFZBD@TNMN@GhKD]@UFCFDEMFB@T\OFZB@K@LKVKCDBMFN@T\OFZN]@TKOB@
MKOK^NCEK@FCEKMKDDK@T\OFZBa


aPR@DEN\KOKZKM@UKZNCFDUBD@LK@ZBUTKCDNHIB@TNMN@ND@ZBUGf
CFLNLKD@LKEKCEBMND@LK@ZBC_KZFUKCEBD@EMNLFZFBCNFD]@MKZBC_KZKCLB@N@
FUTBMECZFN@LKDDKD@DN\KMKD@CB@^NOBM@NWMKWNLB@NBD@TMBLGEBD]@DKM^Ff
HBD@K@TMBZKDDBD@KSTMKDDBD@TKON@ZGOEGMN@\MNDFOKFMNa
aPQ@JBUKCENM@B@VBMENOKZFUKCEB@LND@UBLNOFLNLKD@LK@CKWcZFBD@
TMNEFZNLND@TKOND@ZBUGCFLNLKD@MKDFLKCEKD@KU@eMKND@LK@EGMFDUBa@KNf
~rjvnuvxvjijmnwsnwrkjirj}x|nvsoj~rpqj}xnsnwsmskyx~yrisktxn
DGDEKCEe^KO@LND@ZFLNLKD@_FDEcMFZNDa
a2@KDKC^BO^KM@K@NTOFZNM@UEBLBD@LK@WKDEIB@LB@TNEMFUYCFB@
UNEKMFNO@K@FUNEKMFNO@KU@gGK@DGN@TMBEKHIB@K@FCEKMTMKENHIB@NOFUKCEKU@
jnrwsktrpqj}xnwsnkxyxmnuvxwotxmnwsntovrmixnqo~tovj~

nspkrvnqvrtvrxmnsnrkmtvoisktxmnwsnjyj~rj}xnwjnqjujf
ZFLNLK@LK@NZBO_FLN@K@LBD@@OFUFEKD@NZKFEe^KFD@LK@EMNCDVBMUNHIB@LB@
TNEMFUYCFB@ZGOEGMNO@TKON@KSTOBMNHIB@EGMDEFZN]@LK@UBLB@N@BMFKCENM@B@
LKDKC^BO^FUKCEB@DGDEKCEe^KO@K@TMK^KCFM@FUTNZEBD@CKWNEF^BDa
a@JBUKCENM@TNMZKMFND@KCEMK@GCF^KMDFLNLKD]@FCDEFEGEBD]@BMWNf
CFDUBD@ZGOEGMNFD@K@KUTMKDND@TNMN@B@LKDKC^BO^FUKCEB]@N\DBMHIB@K@
NTMBTMFNHIB@LK@UNEKMFNFD@K@EKZCBOBWFND@LK@FCB^NHIB@ZGOEGMNOa
a@CZKCEF^NM@B@LKDKC^BO^FUKCEB@LK@TMBLGEBD@K@ZBCEKLBD@
ZGOEGMNFD@FCEKCDF^BD@KU@ZBC_KZFUKCEB@K@EKZCBOBWFN]@KU@KDTKZFNO@
mxnvsrismn@sysrmnwsnuvxuvrswjwsnrkts~sqtoj~
a@CDEFEGFM@TMBWMNUND@LK@NgGFDFHIB@WB^KMCNUKCENO@LK@OF^MBD@
gGK@ZBCEKUTOKU@B@LKDKC^BO^FUKCEB@LND@TKgGKCND@KLFEBMND]@ZBU@
K^KCEGNO@VBMUNHIB@LK@ZBCDcMZFBD@TNMN@N@TMBLGHIB@LK@OF^MBD@K@ZBf
OKHzKDa
a@CZKCEF^NM@BD@KUTMKKCLFUKCEBD@ZGOEGMNFD@gGK@\GDgGKU@
N@KSTNCDIB@LBD@KDTNHBD@LK@NMEFZGONHIB@LN@ZMEFZN@TMBLGhFLN@CBD@
UKFBD@LK@ZBUGCFZNHIB]@GCF^KMDFLNLKD@K@WMGTBD@FCLKTKCLKCEKD@gGK@
MKDGOEKU@KU@UBLKOBD@LK@NEF^FLNLK@FCB^NLBMKD@K@DGDEKCEe^KFDa
a@{MBUB^KM@N@MKNOFhNHIB@LK@KDEGLBD@DB\MK@N@KZBCBUFN@LN@
qo~tovjnosnusvirtjinxnwsmskyx~yrisktxnwjnvs@s}xnmxvsnjmnqjf
LKFND@TMBLGEF^ND@K@ND@NEF^FLNLKD@LK@FCB^NHIB@K@ZMFNHIB@MKONZFBCNLND@
`D@NMEKD@K@UNCFVKDENHzKD@ZGOEGMNFDa
a@CZKCEF^NM@N@TNMEFZFTNHIB@LK@KUTMKDND@\MNDFOKFMND@CN@TMBf
wo}x|nwrmtvror}xnsnsrr}xnwsnqxktswxnjowrxyrmoj~|nqxinjnpf
CNOFLNLK@LK@MKLGhFM@B@LBUCFB@KDEMNCWKFMB@K@N@ZBCZKCEMNHIB@MKWFBf
CNO@CKDDK@UKMZNLBa
aR@JBUKCENM@EBLBD@BD@DKWUKCEBD@LK@NGLFB^FDGNO]@FCZOGFCLB@
BD@BWBD@KOKEMYCFZBD]@N@^FLKBNMEK]@BD@LBZGUKCEeMFBD]@ND@NCFUNHzKD]@
N@FCEKMCKE@K@BD@ZBCEKLBD@TNMN@N@EKOKVBCFN@Uc^KO]@TMF^FOKWFNCLB@B@
uvxqsmmxnqvrjtryxnsnk}xnxnuvxwotxnpkj~
aQ@DEFUGONM@N@KCEMNLN@LND@MKLKD@LK@EKOK^FDIB@CB@UKMZNLB@
LK@ZFCKUN@K@N@VBMUNHIB@LK@TNMZKMFND@KCEMK@N@EKOK^FDIB@N\KMEN@K@N@
TMBLGHIB@FCLKTKCLKCEKa
a2@DEN\KOKZKM@NZBMLBD@K@TMBEBZBOBD@FCEKMCNZFBCNFD@LK@ZBBf
TKMNHIB]@VBUKCEB@K@LFVGDIB]@KU@KDTKZFNO@ZBU@TNDKD@KU@LKDKC^BOf
^FUKCEB]@LK@UBLB@N@NUTOFNM@N@FCDKMHIB@LB@NGLFB^FDGNO@\MNDFOKFMB@
CB@UKMZNLB@FCEKMCNZFBCNO@K@B@FCEKMZU\FB@LK@TMBLGHzKDa
aP@CZKCEF^NM@N@NDDBZFNHIB@KCEMK@TMBLGEBMND@LK@NGLFB^FDGNO@
yrmjkwxnjnqxkmtrtor}xnwsnqjvtsrvjmnwsnuvxwo}x|nwrysvmrpqj}xnwsn
TMBLGEBD]@UBLKMCFhNHIB@LK@KUTMKDND@K@FCDKMHIB@CB@UKMZNLB@FCEKMf
CNZFBCNOa
Y7

a@CZKCEF^NM@ND@TMBLGHzKD@gGK@EKC_NU@KU@^FDEN@N@ZFMZGONHIB@
wsnuvxwotxmnjowrxyrmojrmnsintxwjmnjmnjks~jmnwsnsrr}xnspkrvn
qvrtvrxmnujvjnxmnisqjkrmixmnwsnpkjkqrjisktxnsnxisktxnosnuxmf
mrr~rtsinjnwrysvmrpqj}xnwsnu~rqxmnsnwsn3ksvxm
a@CZOGFM@CBD@TMBWMNUND@T\OFZBD@LK@LKDKC^BO^FUKCEB@MKf
WFBCNO@DGDEKCEe^KO@N@NEF^FLNLK@Q@ZFMZKCDK]@KDTKZFNOUKCEK@KU@MKf
WFzKD@ZBU@TBGZB@BG@CKC_GU@NZKDDB@N@BGEMBD@KgGFTNUKCEBD@ZGOf
EGMNFDa
a@?TBFNM@N@MKNOFhNHIB@TKMFcLFZN@LK@VKFMND@LB@OF^MB@K@KCZBCf
EMBD@OFEKMeMFBD]@ZBU@N@ZBCLFHIB@LK@BVKMKZKMKU@NB@T\OFZB@NEF^FLNLKD@
WMNEGFEND@K@TMBWMNUNHIB@^NMFNLNa
a@CZKCEF^NM@ND@NEF^FLNLKD@LK@LF^GOWNHIB@LN@UBLN]@LKDFWC@K@
NMEKDNCNEB@\MNDFOKFMBD@KU@U\FEB@FCEKMCNZFBCNO]@N@KSKUTOB@LK@KSTBf
mrsm|nqxkqovmxmnsnuvxstxmnwsnrktsvq=irxnuvxpmmrxkj~
HnX%" n%$X%$
aP@CZKCEF^NM@UBLKOBD@LK@LKDKC^BO^FUKCEB@EGMDEFZB@gGK@MKDf
TKFEKU@ND@CKZKDDFLNLKD@K@FCEKMKDDKD@LBD@^FDFENCEKD@K@TBTGONHzKD@
OBZNFD]@WNMNCEFCLB@N@TMKDKM^NHIB@LB@TNEMFUYCFB]@N@LFVGDIB@LN@UKf
UcMFN@DBZFBZGOEGMNO@K@N@NUTOFNHIB@LBD@UKFBD@LK@NZKDDB@`@VMGFHIB@
LN@ZGOEGMNa
a@KNOFhNM@ZNUTNC_ND@K@TMBWMNUND@FCEKWMNLBD@ZBU@VBZB@CN@
FCVBMUNHIB@K@KLGZNHIB@LB@EGMFDEN@TNMN@LFVGCLFM@B@MKDTKFEB@K@B@hKOB@
TKOB@TNEMFUYCFB@UNEKMFNO@K@FUNEKMFNO@LBD@LKDEFCBD@^FDFENLBDa
a@CDEFEGFM@TMBWMNUND@FCEKWMNLBD@gGK@TMKTNMKU@ND@OBZNOFf
LNLKD@TNMN@N@NEF^FLNLK@EGMDEFZN@TBM@UKFB@LB@LKDKC^BO^FUKCEB@LN@
ZBCDZFCZFN@TNEMFUBCFNO]@VBMUNHIB@LK@WGFND@K@LK@WKDEBMKDa
a@ON\BMNM@TBMENFD@VKLKMNFD@LK@FCEKMCKE@TNMN@N@LFVGDIB@LK@ZBf
C_KZFUKCEBD@DB\MK@ND@NMEKD@K@ND@UNCFVKDENHzKD@ZGOEGMNFD]@KU@U\FEB@
CNZFBCNO@K@FCEKMCNZFBCNO]@TBM@UKFB@LN@LFDTBCF\FOFhNHIB@LK@\NCZBD@
LK@LNLBD@K@DFDEKUND@LK@ZBUTNMEFO_NUKCEB@OF^MK@LK@FCVBMUNHzKDa
a@KDKC^BO^KM@UKEBLBOBWFND@LK@UKCDGMNHIB@LBD@FUTNZEBD@
DBZFBZGOEGMNFD@LB@EGMFDUB@LK@UNDDN@KU@TKgGKCND@K@ULFND@ZFLNLKDa
nvrjvnux~trqjmnpmqjrmnqjujsmnwsnjvvsqjwjvnvsqovmxmnwxn
EGMFDUB@ZGOEGMNO@KU@\KCKVZFB@LBD@\KCD@K@UNCFVKDENHzKD@LK@NMEK@K@
ZGOEGMNa
a@?TBFNM@K@hKONM@TKOB@EGMFDUB@\NDKNLB@CND@VKDEND]@EMNLFHzKD@K@
ZMKCHND@LB@TB^B@\MNDFOKFMBa
Hn%$ijn9
aP@KWGONUKCENM@BD@LFMKFEBD@DBZFNFD@LBD@EMN\NO_NLBMKD@LN@
ZGOEGMN]@TMBUB^KCLB@NZBMLBD@KCEMK@B@DENLB]@KUTMKDND@K@EMN\NO_Nf
LBMKDa@CDEFEGFM]@NEGNOFhNM@K@hKONM@TKOB@ZGUTMFUKCEB@LN@OKWFDONHIB@
EMN\NO_FDEN]@EMF\GEeMFN@K@LK@LFMKFEBD@NGEBMNFD@MKONZFBCNLND@`@ZGOEGMNa
a@{MBUB^KM@BD@FCEKMKDDKD@CNZFBCNFD@MKONEF^BD@`@ZGOEGMN@CBD@
BMWNCFDUBD@FCEKMCNZFBCNFD@LK@WB^KMCNCHN@DB\MK@B@FDEKUN@LK@{MBf
TMFKLNLK@CEKOKZEGNO@K@BGEMBD@VBMBD@FCEKMCNZFBCNFD@LK@CKWBZFNHIB@
DB\MK@B@ZBUMZFB@LK@\KCD@K@DKM^FHBDa


nspkrvnsnrkmtrtorvnxnijvqxnvso~jtvrxnsnxmnisqjkrmixmn
CKZKDDeMFBD@TNMN@TMBEKWKM@NMEFDEND@K@TMBLGEBMKD@LBD@KVKFEBD@UBCBf
TBOFDEND@LK@NEF^FLNLKD@LN@FCLDEMFN@ZGOEGMNO]@KU@NMEFZGONHIB@ZBU@B@
"rmtsijnvjmr~srvxnwsnssmjnwjnxkqxvv3kqrj
a@{MBUB^KM@N@LKVKDN@LK@LFMKFEBD@NDDBZFNLBD@NB@TNEMFUYCFB@
ZGOEGMNO]@KU@KDTKZFNO@BD@LFMKFEBD@LK@FUNWKU@K@LK@TMBTMFKLNLK@FCEKf
OKZEGNO@ZBOKEF^N@LK@TBTGONHzKD@LKEKCEBMND@LK@DN\KMKD@EMNLFZFBCNFDa
a@{MBUB^KM@B@LFMKFEB@LBD@TB^BD@FCLWKCND@K@LND@ZBUGCFLNf
LKD@LKEKCEBMND@LK@ZBC_KZFUKCEBD@K@KSTMKDDzKD@EMNLFZFBCNFD@DB\MK@N@
KSTOBMNHIB@ZBUKMZFNO@LK@DGND@ZGOEGMNDa@DEFUGONM@DGN@TNMEFZFTNHIB@
CN@KON\BMNHIB@LK@FCDEMGUKCEBD@OKWNFD@gGK@WNMNCENU@N@MKTNMEFHIB@
KgGFENEF^N@LBD@\KCKVZFBD@MKDGOENCEKD@LKDDK@UKMZNLBa
nvrjvnisqjkrmixmnwsnrmsk}xnsnrkqsktryxnpmqj~nujvjnjqrf
OFENM@NBD@NMEFDEND@K@NBD@TMBLGEBMKD@ZGOEGMNFD@B@NZKDDB@NBD@\KCD@EKZf
CBOcWFZBD]@UNEKMFNFD@K@FCDGUBD@LK@DGND@NEF^FLNLKDa@CDEFEGFM@GUN@
TBOEFZN@EMF\GEeMFN@LFVKMKCZFNLN@TNMN@N@DGN@LFVGDIB]@ZFMZGONHIB@K@ZBf
UKMZFNOFhNHIBa
noisktjvnxnqxktvx~snkjnpmqj~rj}xnj~jkwsvrjnkjnmjwjn
wsnxvjmnwsnjvtsnwxnujmnsinxusvjsmnisvqjktrmnsnmriu~rpqjvnjn
OKWFDONHIB@TNMN@MKZKTHIB@K@EMCDFEB@LK@B\MND@TNMN@KSTBDFHIBa
aR@DEN\KOKZKM@B@LFMKFEB@LK@TMKVKMCZFN@LB@DENLB@\MNDFOKFMB@
DB\MK@ND@FCDEFEGFHzKD@KDEMNCWKFMND@KU@BZNDFzKD@LK@^KCLN@LK@B\MND@
LK@NMEK@CNZFBCNFD@LK@FCEKMKDDK@T\OFZBa
aQ@CDEFEGFM@GU@ZNEeOBWB@CNZFBCNO@LK@MKWFDEMB@WMNEGFEB@K@KDTKf
qpqxnwsnxvjmnwsnjvtsnx~xqjvnnwrmuxmr}x|nsinjkqxnwsnwjwxmn
xpqrj~|nrijskmnwsnxvjmnwsnjvtsnmxnwxikrxnu~rqx|nosnuxmmjin
DKM^FM@`@LFVGDIB@LND@NMEKD@^FDGNFDa

nuvrixvjvnisqjkrmixmn~sjrmnsnwsnpkjkqrjisktxnujvjn
KDEFUGONM@N@TNMEFZFTNHIB@\MNDFOKFMN@CB@DKEBM@LK@LFDEMF\GFHIB@LB@UKMf
ZNLB@NGLFB^FDGNO]@FCZKCEF^NCLB@N@ZBCZBMMCZFN@KCEMK@ND@KUTMKDNDa
aPP@K^FDNM@N@OKWFDONHIB@EMF\GEeMFN@K@LK@LFMKFEBD@NGEBMNFD@
NTOFZNLN@`D@FCLDEMFND@LN@ZGOEGMN]@KDTKZFNOUKCEK@BD@DKWUKCEBD@LB@
NGLFB^FDGNO]@LN@UDFZN@K@LB@OF^MBa@K^NM@KU@ZBCEN@BD@CLFZKD@LK@
NZKDDB@KU@EBLB@B@EKMMFEcMFB@CNZFBCNO@K@B@NL^KCEB@LN@ZBC^KMWCZFN@
LFWFENO@LN@ULFN]@DKU@TMKGhB@NBD@LFMKFEBD@LBD@ZMFNLBMKDa
aP@AMFNM@MKWMND@CNZFBCNFD@LK@EMF\GENHIB@NLKgGNLND@`@KDTKZFf
pqrwjwsnwjmnjtryrwjwsmnwxnqrvqxnrtrksvjkts|njnssiu~xnwsnoinujmmsf
fOF^MK@TNMN@BD@TKLeWFBD@LND@KDEMNLNDa

nwsktrpqjv|nuxvnrktsviwrxnwsnijusjisktxnmxqrxqo~tovj~|n
NDTKZEBD@KZBCYUFZBD@LND@VKDEND@K@VKFMND@TBTGONMKDa@DEN\KOKZKM@FCf
LFZNLBMKD@gGK@TKMUFENU@N@MKWGONHIB@LBD@KVKFEBD@LND@LFCUFZND@LK@
TMBLGHIB@K@LK@ZBCDGUB@DB\MK@B@^NOBM@DFU\cOFZB@LND@UNCFVKDENHzKD@
TBTGONMKDa
1h147n730

nsnjqxvwxnqxinjn$srnZ
#
nqxkmtrtornpkj~rwjwsnwxn
vxkjqnjnqjutj}xnsnqjkj~rj}xnwsnvsqovmxmn9jnjnujvtsnwjmn
UKLFLND@NLBENLND@CN@GEFOFhNHIB@LBD@MKZGMDBD@B\EFLBD@N
N@TMKDKM^NM@BD@\KCD@UNEKMFNFD@K@FUNEKMFNFD@LB@TNEMFUYCFB@
ZGOEGMNO@K@_FDEcMFZB@\MNDFOKFMBa
Y8

\@NTBFNM]@^NOBMFhNM@K@LFVGCLFM@B@ZBCGCEB@LND@UNCFVKDENHzKD@
ZGOEGMNFD@K@DKGD@MKDTKZEF^BD@ZMFNLBMKDa
qnvsmtjovjvnxnq~rijn|njn@xvjnsnjnjokjnwxnsqxmmrmtsijnmo~
NUKMFZNCBa@
L@LKDKC^BO^KM@N@ZBCDZFCZFN@FCEKMCNZFBCNO@K@B@MKDTKFEB@NBD@
^NOBMKD@ZGOEGMNFD@LK@BGEMBD@TB^BD@BG@CNHzKDa
2a@b@{MBCNZ@ZMFNLB@TKON@KF@RaPQP@TBDDGF@N@NEMF\GFHIB@
LK@VBUKCENM@N@TMBLGHIB@NMEDEFZN@\MNDFOKFMNa@ABCDEFEGF@GUN@LND@
UNCKFMND@LK@VBUKCENHIB
N@ZBCEMNENHIB@LK@DKM^FHBD@TNMN@KON\BMNHIB@LK@TMBKEBD@
ZGOEGMNFDa
\@MKNOFhNHIB@LK@KSTBDFHzKD]@VKDEF^NFD@LK@NMEK@K@KDTKEeZGOBD@LK@
NMEKD@ZCFZND@BG@ZBCWCKMKDa
Z@MKDENGMNHIB@LK@B\MND@LK@NMEKD@K@\KCD@Uc^KFD@K@FUc^KFD@LK@
MKZBC_KZFLB@^NOBM@ZGOEGMNOa
L@KLFHIB@LK@B\MND@MKONEF^ND@`D@ZFCZFND@\FBOcWFZND]@`D@OKEMND@K@
`D@NMEKD
2a@BD@EKMUBD@LB@KZMKEB@P2@N@ABUFDDIB@LB@JGCLB@
NZFBCNO@LN@AGOEGMN@DKMe@FCEKWMNLN
jnus~xn"sqvstvrxsqotryxnwxn rkrmtvrxnwjmnrwjwsm|nosn
N@TMKDFLFMea
nuxvnoinvsuvsmsktjktsnwxnjrkstsnwxn rkrmtvxnwsnmtjwxn
LN@dGDEFHNa
qnus~xmntrto~jvsmnwjmn"sqvstjvrjmnwxn rkrmtvrxnwjno~tovj
wnus~xmntsmxovsrvxmnwjmnsktrwjwsmnyrkqo~jwjmnjxn rkrmtvrxn
LN@AGOEGMNa
2a@B\MK@BD@KVKFEBD@LB@KZMKEB@P2@ZBCDFLKMNfDK@ZBUB@
TMBTBCKCEK
N@ND@TKDDBND@VDFZND@K@ND@TKDDBND@GMLFZND]@T\OFZND@BG@TMFf
^NLND]@ZBU@NEGNHIB@CN@eMKN@ZGOEGMNO]@gGK@TMBTBC_NU@TMBWMNUND]@
uvxstxmnsnjsmnqo~tovjrmnjxn rkrmtvrxnwjno~tovj
\@B@TMBTBCKCEK@LK@TMBWMNUN]@TMBKEB@BG@NHIB@ZGOEGMNO@VN^BMKf
ZFLB@TKOB@{b?Aa
Z@B@ZBCEMF\GFCEK@LB@UTBDEB@DB\MK@N@KCLN@K@{MB^KCEBD@LK@
gGNOgGKM@CNEGMKhN]@TKDDBNa@
wnusmmxjnovwrqj|nu~rqjnxonuvryjwj|nqxinxonmsinpkmn~of
ZMNEF^BD]@ZGB@NEB@ZBCDEFEGEF^B@LFDTBC_N@KSTMKDDNUKCEK@DB\MK@DGN@
pkj~rwjwsnqo~tovj~
nsnjqxvwxnqxinjn n9nZ
|nwsn#
|nqxiustsnjxn
FMKEBMf{MKDFLKCEK@LN@?A
N@KSKMZKM@N@MKTMKDKCENHIB@OKWNO@LN@ABUFDDIB@LB@JGCLB@
NZFBCNO@LN@AGOEGMNa
nuvsmrwrvnjmnvsokrsmnwjn"sqvstvrjnwxn rkrmtvrxnwjno~tovj


Z@ZGUTMFM@K@VNhKM@ZGUTMFM@ND@LKZFDzKD@LN@FMKEBMFN@ABOKWFNLNa
L@KSKMZKM@B@^BEB@LK@gGNOFLNLK]@KU@ZNDB@LK@KUTNEK@CND@
LKOF\KMNHzKD@LB@{MBCNZa
2a@{!@f@2PP@f@{!@@{MBZGMNLBM5U@MKONHIB@`@TMBEKHIB@
LB@{NEMFUYCFB@AGOEGMNO]@NCNOFDK@ND@NDDKMEF^ND@N\NFSB@K@MKDTBCLN@KU@
DKWGFLN
@f@?@ABCDEFEGFHIB@JKLKMNO@KU@^FWBM@NTMKDKCEN@CEFLN@NUTOFNHIB@
LN@ZBCZKTHIB@LK@TNEMFUYCFB@ZGOEGMNO]@^NOBMFhNCLB@N@TOGMNOFLNLK@
ZGOEGMNO]@CGU@ZBCEKSEB@LK@\GDZN@LK@ZBCZMKEFhNHIB@LK@ZFLNLNCFN@K@
LK@LFMKFEBD@ZGOEGMNFDa
@f@b@UGOEFZGOEGMNOFDUB@DK@VNh@TMKDKCEK@CBD@LFDTBDFEF^BD@
ZBCDEFEGZFBCNFD@gGK@EMNENU@LN@TMBEKHIB@LN@ZGOEGMN]@N@KSKUTOB@
LN@TMK^FDIB@ZBCZKMCKCEK@`@B\MFWNHIB@LB@DENLB@LK@TMBEKWKM@ND@
UNCFVKDENHzKD@ZGOEGMNFD@LBD@LFVKMKCEKD@WMGTBD@DBZFNFD@K@ECFZBD]@
FCZOGFCLB@FCLWKCND@K@NVMBf\MNDFOKFMBD]@gGK@VBMUNU@N@DBZFKLNLK@
\MNDFOKFMNa
O@f@?@@LKEKMFBMNHIB@@LK@@\KU@@ZGOEGMNO@@TMBEKWFLB@@TBM@VBMHN@
@
LK@@LKZFDIB@@GLFZFNO@@EMNCDFENLN@@KU@@GOWNLB@ZBCDEFEGF@@FCVMNHIB@
@
NLUFCFDEMNEF^N]@DGKFENCLB@B@@FCVMNEBM@N@@DNCHIB@@FUTBDEN@@TKON@
@
?LUFCFDEMNHIB]@FCLKTKCLKCEKUKCEK@@LN@@B\MFWNHIB@LK@@MKTNMNM@B@
@
LNCB@@ZNGDNLBa
@f@?@ABCDEFEGFHIB@JKLKMNO@MKNOFhN]@LFMKEN@K@KSTMKDDNUKCEK]@B@
@
EBU\NUKCEB@@LK@@LBZGUKCEBD@@K@@DEFBD@@LKEKCEBMKD@@LK@@MKUFCFDZCZFND@
_FDEcMFZND@@LK@@NCEFWBD@gGFOBU\BDa@@
xwsmsnjpvijvnosn
N@@@@@@DBUKCEK@BD@FEKCD@@@@K@O@KDEIB@ZBMMKEBD
\@@@@@@BD@FEKCD@OO@K@@@KDEIB@FCZBMMKEBD
Z@@@@@@DBUKCEK@B@FEKU@@OO@KDEe@FCZBMMKEB
L@@@@@EBLBD@BD@FEKCD@KDEIB@ZBMMKEBDa
ye

XY Z
X[ \
X] Z
X^ _
X` Z
Xab c

Y?

@
32
c510
ddddddddddddddddddddddddd
ddddddddddddddddddddddddd
ddddddddddddddddddddddddd
ddddddddddddddddddddddddd
ddddddddddddddddddddddddd
ddddddddddddddddddddddddd
ddddddddddddddddddddddddd
ddddddddddddddddddddddddd
ddddddddddddddddddddddddd
ddddddddddddddddddddddddd
ddddddddddddddddddddddddd
ddddddddddddddddddddddddd
ddddddddddddddddddddddddd
ddddddddddddddddddddddddd
ddddddddddddddddddddddddd
ddddddddddddddddddddddddd
ddddddddddddddddddddddddd
ddddddddddddddddddddddddd
ddddddddddddddddddddddddd
ddddddddddddddddddddddddd
ddddddddddddddddddddddddd
ddddddddddddddddddddddddd
ddddddddddddddddddddddddd
ddddddddddddddddddddddddd
ddddddddddddddddddddddddd
ddddddddddddddddddddddddd
ddddddddddddddddddddddddd
ddddddddddddddddddddddddd
ddddddddddddddddddddddddd
ddddddddddddddddddddddddd
ddddddddddddddddddddddddd
ddddddddddddddddddddddddd
ddddddddddddddddddddddddd