!"#$"%&'()%!%"#$%#&!'()"!'!(&)!)*+,-./-0)123145)26145)*)!

789:/;<3';0=->)

)
)
)
?)"@#&&3"AB'A@?B5)"#$%?@?'!C()$#@%D#B#EF3&'AGF)#H)'I#)"#$%#&!'()"!'!(&J)
"#A@'F?@G)G(&!E*)!*)K?@"(B#*?)?*G)L(@$?*&D?D))

$9MN9)&9;0915)&9O90)%9=7-0-7O82)9:N)P;<Q9)K-<809: R)

(+%,*#$-./!01%#2324567%,589:%
%-6788;%8<%$567=>26>952%!/-$?%
/267@=64;%"@=A253=>B%8<%04>4;8@=4C%D=4E8@4;C%F)GC%'H'&H%?4562;8@4%
I4EJ4;2@4K34954L9:6K2J9C%%7>>:+MMNNNK45O9=>26>8@=63K68I%
%
&+%,*#$-./!01%#2324567%,589:%
%-6788;%8<%$567=>26>952%!/-$?%
/267@=64;%"@=A253=>B%8<%04>4;8@=4C%D=4E8@4;C%F)GC%'H'&H%?4562;8@4%
@2N3;2>>25K:4L9:6K2J9C%%7>>:+MMNNNK45O9=>26>8@=63K68I%
%
P+%,*#$-./!01%#2324567%,589:%
%-6788;%8<%$567=>26>952%!/-$?%
/267@=64;%"@=A253=>B%8<%04>4;8@=4C%D=4E8@4;C%F)GC%'H'&H%?4562;8@4%
@2N3;2>>25K:4L9:6K2J9C%%7>>:+MMNNNK45O9=>26>8@=63K68I%
)
?/7809S8!!

0895>B45J3% =@% >72% 7=3>85=6% 68523% 8<% ?4562;8@4% 4@J% Q25I4@3747% 452% "#$%#&'(K% /72B% 452% :9>%
>8E2>725C%4@J%68@@26>2J%>8C%4%;45E25%95R4@% 32O92@62%8<%8:2@%3:4623%4@J%:2J23>5=4@%6=569;4>=8@%
;4B89>3K% *@% 3:=>2% 8<% >72% 364@>% R=R;=8E54:7BC% 4;;% >7589E789>% >72% S2J=>2554@24@% 6843>;=@2% T253=4@%
:5262J2@>%=3%3>=;;%<89@J%>8J4B%8@%8:2@.3:462%<85IK%%T253=4@3%932J%5954;%4@J%95R4@%:;8>3%8<%;4@J%>8%
85E4@=U2% 6=>=23K% $3% $5=3>8>;2% 52685J2J% =@% 7=3% 95R4@% >7285=23C% T253=4@% V@8N.78N% N43% =@725=>2J% =@%
$@6=2@>% ,522V% >8N@% :;4@@=@EC% @4I2;B% >7589E7% 64J43>54;% 4;=E@I2@>% 395A2B3% 4@J% 4% 68I:;2W% >4W%
3B3>2I% J=A=J=@E% :5=A4>2% 4@J% :9R;=6% :58:25>BK% % *@% ?4562;8@4% 4@J% Q25I4@3747% 4@6=2@>% :58:25>B%
;=@23%3>=;;%J2<=@2%>8J4B%95R4@%3:462C%3>522>3%4@J%6895>B45J3C%;24J=@E%>8%8;J%I45V2>3K%-:462%<;8N3%
>8%@2N25%:45>3%8<%>72%6=>B%>7589E7%7=3>85=64;C%4E5=69;>954;;B%932J%:;8>3%8<%;4@JK%X:2@%3:4623%4>%>72%
89>3V=5>3C%N7252%>72%:9R;=6%3:462%8<%8;J%<85>=<=64>=8@3%N4;;3%>95@2J%=@>8%:5=A4>2%7893=@E%;8>3C%743%
4;38%674@E2J%4@J%4<<26>2J%RB%@2N%=@<543>596>952K%%$@%95R4@%:586233%3=I=;45%>8%N74>%=3%74::2@=@E%
>8J4B% 4>% >72% 89>3V=5>3% 8<% Q25I4@3747K% % /72% :83>.8669:4@6B% 2A4;94>=8@% 3>9JB% :5232@>2J% =@% >7=3%
:4:25% 4=I3% 4>% 378N=@E% 78N% 8<% >72% 6895>B45J% J23=E@2J% RB% !@5=6% S=54;;23% 4JA4@62J% 68I:83=>2%
>7285=23% 8<% 95R4@% <85I% 4@J% >72% 3:462% 3B@>4W% :5262:>3% >74>% 68@3=J25% :5262J2@>K% % 08@62:>3% 8<%
386=4;%=@>2E54>=8@%8<%67=;J52@%4@J%68@@26>=A=>B%:58A2%932<9;%8@;B%N72@%>72B%452%68@3=J252J%4>%>72%
:58E54II=@EC%245;B%3>4E23%8<%>72%J23=E@%:586233%8@;B%N=>7%466954>2%7=3>85=6%I4::=@E%3895623K%

1
2
3
 ( & &
Y=53>%$K%$9>785 ZC%-268@J%?K%$9>785 %4@J%/7=5J%0K%$9>785 %

L->T+0N7+%?4562;8@4C%Q25I4@3747C%0895>B45JC%X:2@%-:462%-B3>2IC%1=3>85=6%"5R4@%Y85IK%

)!*'@#GA"'!#*)
%%%%05833.69;>954;%I85:78;8EB%=3%4%@2N%>88;%<85%9@J253>4@J=@E%>72%68I:83=>2%@4>952%8<%?4562;8@4%
4@J%Q25I4@3747K%%*>%I24@3%>8%2W:;852%>72%52;4>=8@37=:%R2>N22@%69;>952%4@J%95R4@%<85IK%%*>%64@%
R2%J8@2%>7589E7%J=<<252@>%65=>=64;%4@J%52E=8@4;%:253:26>=A23%8@%932%8<%:9R;=6%3:462K%%/72%:95:832%
8<% >7=3% :4:25% =3% >8% <8693% 9:8@% 38I2% 52I8J2;2J% 7=3>85=6% 6895>B45J3% >74>% 8<<25C% :45>=69;45;B% >8%
67=;J52@C% :833=R;2% <9>952% >54[26>85=23% 8<% 95R4@% 52E2@254>=8@K% *>% 4;38% 4=I3% 4>% :58A=@E% 78N% 625>4=@%
4567=>26>954;%:546>=623C%2KEKC%>74>%8<%>72%4567=>26>%!@5=6%S=54;;23C%8@%>72%>54@3<85I4>=8@%8<%95R4@%
<4R5=63%4@J%6895>B45JC%8:2@%3:462%<8;;8N%2=>725%4%\;8E=64;\%85%\J=4;8E=64;\%95R4@%J23=E@%:586233K%%
?4562;8@4]3% 95R4@% <4R5=6% 4589@J% >72% ->% 04>725=@2]3% S45V2>% 6895>B45J% N43% R9=;>% =@% (H)HC% 4<>25%
:45>=4;% J2I8;=>=8@% 8<% 4% I2J=2A4;C% 04>4;4@% 725=>4E2% 6;8=3>25K% % *>% N43% 52@8A4>2J% RB% !@5=6% S=54;;23%
4@J% >88V% 4% ;8@E% >=I2% >8% R2% R9=;>C% <58I% (GG^% >8% &''_K% % T;4@@=@E% 46>=8@% =I:58A2J% @8>% 8@;B%
68II256=4;%46>=A=>B%R9>%>88V%4N4B%>72%645%4@J%743%5268A252J%>72%>54J=>=8@4;C%I=W2J.932%8<%3:462%
N7=67%67=;J52@%2@[8BK%%*@%Q25I4@3747%645%:58R;2I%743%R22@%8R325A2J%>7589E7%"`*0!Y%=@J=64>853%
8<% 67=;J% N2;;.R2=@Ea% @2E4>=A2% 2@A=58@I2@>4;% =I:46>% =3% =@% R8>7% 6=>=23% @2A25>72;233% 64932J% RB%
68@3>596>=8@% 8<% @2N% 584J3C% 79E2% 6;2452J% 45243% >74>% 452% =@>2@J2J% <85% :45V=@E% A27=6;23% 4@J%
7=E7N4B% =@<543>596>952% 59@@=@E% >7589E7% 7=3>85=6C% 6=569;4>=8@% ;4B89>3K% % !=>725% =@% >72% ->% 04>725=@2%
S45V2>%6895>B45J%8<%?4562;8@4%85%=@%>72%6895>B45J3%8<%Y2=U%$R4J%7=3>85=6%6852%8<%Q25I4@3747C%932%
8<% :9R;=6% 4@J% 32I=% :9R;=6% 3:462% 743% R22@% 2A4;94>2J% =@% >7=3% 3>9JB% >7589E7% 4% 95R4@C% I9;>=.
J=36=:;=@45B% ;4B253% I8J2;C% 3=I=;45% >8% :52A4=;=@E% 3:462% 3B@>4W% I2>78J3K% % #23=J2@>=4;% 45243% 4589@J%
I45V2>3%4@J%R4U4453%452%3=I=;45;B%I85:78;8E=64;;B%>524>2J%=@%R8>7%6=>=23%R264932%R9=;>%I43323%8<%
2@6;832J% A8;9I23% 3=I=;45;B% J2<=@2% >72% E28I2>5B% 8<% A8=J3% 8<% 8:2@% 3:462% N=>7=@% >72% 6895>B45J%
3B3>2IK%%T83>%8669:4@6B%2A4;94>=8@%743%R22@%J8@2%=@%R8>7%64323%>7589E7%3:462%3B@>4W%I4::=@E%
4@J%2>7@8E54:7=6%J4>4%E4>725=@EK%%
%
b72@%>72%3B@>4W%J2:>7%I8J2;%743%R22@%932JC%N2%74A2%<8;;8N2J%>72%N85V%J8@2%R2<852%RB%8>725%
3678;453%=@%8>725%:45>3%8<%>72%6=>B%8<%?4562;8@4C%N=>7%I4:3%J4>=@E%<58I%(HG(%>8%&''_K%%*>%743%@8>%
R22@% 932J% B2>% >8% 3>9JB% ?4562;8@4]3% 95R4@% <4R5=6% 52I8J2;2J% RB% S=54;;23% @85% >72% 3>9JB% 8<% >72%
68I:;2W% @2>N85V% 8<% 3>522>3% 4@J% 6895>B45J3% 4>% >72% 7=3>85=6% 6852% 8<% Q25I4@3747K% /72% 3>9JB%
=@6;9J23% 95R4@% =@>2E54>=8@% >7589E7% ;4B253% 8<% 34<2>B% :2562:>=8@% 395A2B3% 4@J% 386=4;% =@>2546>=8@C%
68E@=>=A2%I4:%c43%>72B%74A2%R22@%4;38%52:5232@>2JC%85%:58[26>2J%RB%=@%>72%:3B6784@4;B>=6%32@32C%
=@%J54N=@E3%J8@2%RB%67=;J52@%N7=;2%:;4B=@E%89>J8853K%*@%3785>C%=@%>7=3%:4:25%>72%4=I%=3%>8%I4V2%4%
:83>.8669:4@6B%2A4;94>=8@%>7589E7%4%52<;26>=8@%8@%65833%69;>954;C%95R4@%I85:78;8EB%68@3>596>3K%%
S=54;;23d3% 6895>B45J% J23=E@% 4>% ->% 04>725=@2% N85V3% R264932% =>% N43% 85=E=@4;;B% J23=E@2J% >8% 4A8=J%
386=4;% J=3=@>2E54>=8@% 64932J% 2;32N7252% RB% 3=E@=<=64@>% 69;>954;% J=<<252@>=4>=8@% N=>7=@% >72% 386=2>BK%
$6>94;;B%N85V.=@.:58E5233%8@%6895>B45J%J23=E@%=@%?4562;8@4%=3%>7252<852%52:85>2J%7252%>7589E7%4%
32O92@62% 8<% 8:2@% 3:4623% ;24J=@E% >8% ->% 04>725=@2% I45V2>a% 895% ,*#$-./!01% 52324567% >24I% =3% 3>=;;%
2W:4@J=@E%>72%3>9JB%>8%@245RB%@2=E7R85788J3K%%/72%I45V2>%4@J%>72%7=3>85=6C%95R4@%<4R5=6%4589@J%
N252% 9:E54J2J% 4@J% 52@8A4>2J% <58I% (GGF% >8% &'(&% 4@J% @22J% :83>.8669:4@6B% 2A4;9>=8@K% /72%
J23=E@% =3% 68I:452J% >8% 4@% 245;=25% 68@A253=8@% :586233% 8<% 8:2@% 3:4623% =@3=J2% 6=>B% R;86V3C%
:58E54II2J%RB%>72%6=>B%E8A25@I2@>%3=@62%(GH&%RB%I4B85%`456e3%-2554K%cY=E952%(fK%%cS4EJ4%-4954%
46>2J% 43% 68@39;>4@>% >8% I4B85% `456e3% -2554% >8% 39::85>% >72% 6;4=I3% 8<% @2=E7R853% >8% :52325A2% >72%
7=3>85=64;% ;4@JI45V% =@3=J2% 4% R;86VC% >72% ;4@J364:2% 32>>=@E% 8<% E45J2@3% 395589@J=@E% 4% N4>25% >8N25%
4@J%:9I:%78932C%R9=;>%RB%>72%4567=>26>%g832:%X5=8;%=%S23>523%=@%(HF)%>8%:58A=J2%N4>25%39::;B%>8%
 ( & &
Y=53>%$K%$9>785 ZC%-268@J%?K%$9>785 %4@J%/7=5J%0K%$9>785 %

>72%9::25%<;8853%8<%>72%<=53>%4:45>I2@>3%R9=;>%=@%>72%I=J.(G>7%62@>95B%025Jhd3%2W>2@3=8@fK%/7=3%=3%4%
>B:2%8<%95R4@%R;86VC%N=>7%J8I=@4@>;B%7893=@E%46>=A=>=23%4@J%<864;%@8J23%=@3=J2C%N7=67%I83>;B%743%
4% 526524>=8@4;% 932% 4@JC% =@% 38I2% 64323C% 4% I=W.932% 8<% 3:462K% % ->K% 04>725=@2% I45V2>% =3% >793%
68@@26>2J% >8% 8>725% 8:2@% 3:4623% >8% <4A85% 68II9@=>B% ;=<2% >7589E7% :2J23>5=4@% :4>73% >7524J=@E%
R2>N22@% >72% R9=;J=@E3K% % *@>25=85% 6895>B45J3% 452% 9394;;B% 32I=.:5=A4>2% 3:4623% R9>% 8<>2@% 8:2@% >8%
4@B8@2%N78%N4@>3%>8%932%=>K%%"5R4@%3:462%=3%@8>%<2@62J%8<<%4@J%<;8N3%<522;B%>7589E7%>72%7=3>85=6%
95R4@% <4R5=6K% #26;4=I2JC% 6895>B45J% 95R4@.3:462% =@3=J2% R;86V3% =3% 4@% 2W>2@3=8@% 8<% E5=J3% 4JJ2J% >8%
>72%:;4@@2J%RB%*;J2<8@3%025Jh%=@%(H_GK%%08@@26>=A=>B%4@J%=@>2E54>=8@%8<%67=;J52@%:;4B=@E%=@%32I=.
:9R;=6C% 8:2@% 3:462% 3B3>2I% =3% =@% >95@% ;=@V2J% >8% 8>725% I45V2>% 6895>B45J3% =@% ?4562;8@4% 4@J% =@%
Q25I4@3747K%%
%

%
 ( & &
Y=53>%$K%$9>785 ZC%-268@J%?K%$9>785 %4@J%/7=5J%0K%$9>785 %

Y=E952%(K%08@@26>=A=>B%4@J%=@>2E54>=8@%8<%67=;J52@%:;4B=@E%4>%32I=.:9R;=6C%V=@J%8<%8:2@%3:4623%=@%
Q25I4@3747K%$%@2N%3>522>%69>3%>7589E7%>72%7=3>85=6%95R4@%<4R5=6%4589@J%>72%I45V2>K%%
%

$% J2<=@=>=8@% 8<% 6895>B45J3% =@% Q25I4@3747% =3% 4% 32O92@62% 8<% 8:2@% 3:462% 4@J% :2J23>5=4@%
6=569;4>=8@% ;4B89>3% 3=I=;45;B% <89@J% 2=>725% =@% >72% 4567=>26>954;% >524>=32% 8<% iK?K% $;R25>=% 85% =@% 2A2@%
I852%5262@>%95R4@%I85:78;8EB%>7285BK%%#K%$I=54@>2%N5=>23C%
!)*+!%,-!".'!/00!&,12#0/3,!4#3$'!('0!%3#2'55#6!&,!27/3(/!&5/8#05/!/00/!&7/!"/%/",59!(,!,15'38'1,3'!
&700/!/1#1,$/!$#34#0#2,/!(,!71!:%,/;;/0'<!%'3!53/&4#3$/10#!,1!71!,1&,'$'!:"#$%#&5#<!(,!%,""#0'!
%,/;;/!(,44'3'15,!%'3!(,$'1&,#1'!'!"/3/55'3'K%c$I=54@>2C%&'(&fK%
/72%52;2A4@62%>8%68I:452%>72%6895>B45J%>B:2%8<%95R4@%3:4623%8<%?4562;8@4%4@J%Q25I4@3747%
<85% :83>.8669:4@6B% 3>9J=23% =3% I4=@;B% 4JJ52332J% >8% O94;=>B% 8<% ;=<2% 8<% >72% 67=;J% =@% >72% 6=>BK% % 18N%
67=;J52@%932%8<%>72%8:2@%3:462%8<%?4562;8@4%=@%52;4>=8@%>8%8>725%6=>=23%=3%4@%=I:85>4@>%=@J=64>85K%%
/7=3% V=@J% 8<% 3>9J=23% N43% 3>45>2J% RB% g832:% S9@>4j8;4% 4@J% #8E25% 145>% N78% 68I:452J% 67=;J52@d3%
:2562:>=8@% 8<% 95R4@% 3:462% =@% ?4562;8@4% 4@J% `2N% k85VK% % cS9@>4j8;4C% (GH^% 4@J% (GG(fK% % !45;=25%
3:462% 3B@>4W% 68I:45=38@% c045A4;78C% i=J4% 4@J% T2@@C% &''Gf% 743% R22@% J8@2% B2>% N=>789>%
46V@8N;2JE=@E%>72%68I:;2W=>B%8<%V@8N=@E%78N%>8%678832%>72%l5=E7>m%I4:K%%*@%895%,*#$-%52324567%
E589:%4>%>72%-6788;%8<%$567=>26>952%8<%?4562;8@4C%>72%I85:78;8EB%8<%95R4@%32>>;2I2@>3C%4@J%=>3%
JB@4I=63C% =3% <86932J% 8@% 78N% >72% J=36=:;=@2% 8<% 7=3>85B% 8<% 4567=>26>952% 4@J% >8N@% :;4@@=@E%
68@62:>94;=U2%6=>=23%4>%32A254;%364;23K%%Y85%2W4I:;2C%6=569;4>=8@%;4B89>3%452%3>9J=2J%@8>%8@;B%RB%4%
7=254567B%8<%645%>54<<=6%4>%4%;45E2%364;2%R9>%4;38%4>%>72%3I4;;25C%68II9@=>B%:2J23>5=4@%364;2K%%T83>.
8669:4@6B%743%@4I2;B%J24;>%8@%78N%67=;J52@%I8A2%4R89>%95R4@%3:462K%%/7=3%V=@J%8<%I8A2I2@>%
R268I23% =@% >95@% 4% lI2@>4;% I4:m% 85% J=4E54IC% 4% @2N% 3=E@=<=64@>% ;4B25% >8% 2A4;94>2% 386=4;%
=@>2E54>=8@% 4@J% 68@@26>=A=>B% ;2A2;3K% % $3% ?=;;% 1=;;=25% N5=>23C% n386=4;% =@>2E54>=8@% 4@J% 68@@26>=A=>Bo%
#3,'15'(!5#!5.'!8/3,/=0'&!5./5!('&,21'3&!/1(!('8'0#%'3&!"/1!$/1,%70/5'6!1/$'0>!5.'!%.>&,"/0!/1(!
&%/5,/0!8/3,/=0'&!#4!5.'!=7,05!'18,3#1$'15!,5&'04K%cX:K6=>K%=@%S=;;p@C%&'(&fK%%
/72% I2>78J8;8EB% 932J% =@6;9J23% >7252<852% 3:462% 3B@>4W% R9>% N=>7% 4% 625>4=@% J=E=>4;% A3% 4@4;8E=6%
523=3>4@62a%>7252%452%395A2B3%4@J%;4B253%8<%I24@=@E%>74>%64@%8@;B%R2%52E=3>252J%RB%74@J%J54N=@E3%
4@J%RB%O9=6V%3V2>6723%>74>%64:>952%>72%I8I2@>a%RB%A=J28%4@J%RB%8>725%I2J=4C%2KEKC%>8%466954>2;B%
52685J%7=3>85=23%8<%95R4@%<85IC%8R325A4>=8@%8<%78N%67=;J52@%932%6895>B45J3K%%$%J=E=>4;%AK3%4@4;8E=6%
523=3>4@62% =3% 4;38% <89@J% 4I8@E% :58<233=8@4;3% =@A8;A2J% =@% 4567=>26>954;% 4@J% 95R4@% J23=E@%
:546>=623C% >88;3% >8% <=>% I852% >72% 6=>BC% 52E=8@4;% :;4@@25% >74@% >72% 3I4;;25.364;2C% 95R4@% J23=E@%
68II=33=8@3% 8<% 4567=>26>3K% S=54;;23% 932J% I9;>=:;2% J4>4% ;4B253% N=>7% 7=3% 8N@% l74@Jm% J54N=@E3% RB%
68@36=893;B% 4A8=J=@E% =I:5233=A2C% l@2N% >267@8;8EBm% E54:7=63a% <85% 7=I% >72B% =I:;=2J% 45R=>545B%
J26=3=8@.I4V=@EC%932J%RB%68@>2I:8545B%6=>B%:;4@@253C%>7589E7%3>4>=3>=63%4@J%245;B%A253=8@3%8<%,*-%
I4:3C%43%4%:52>2W>%>8%J2I8;=37%7=3>85=6%95R4@%<4R5=63%4@J%>8%J=3:;462%95R4@%:8:9;4>=8@%<58I%8;J%
R9=;J=@E3K%%045A4;78%J2365=R23%>72%>52@JB%l<546>4;3m%4::58467%43%<8;;8N3C%%
?.'! $#3%.#0#2>! #4! 73=/1! &'550'$'15&! /1(! ,5&! (>1/$,"&! ./&! "/%573'(! 5.'! ,15'3'&5! #4!
3'&'/3".'3&! )@6! A6! B6! C6! D6! E6! F6! G6! H+! /&! ,5! $/>! &.'(! 0,2.5! #1! I,%4J&! 0/K! 4#3! ",5,'&! )C6! D6! @L6! @@+6!
"./00'12'! 5.'#3'5,"/0! 43/$'K#3M&! 4#3! "07&5'3! (>1/$,"&! #3! ,$%3#8'! %3'(,"5,#1&! #4! 47573'! 73=/1!
23#K5.!)A6!E6!F+N!?.'!&'/3".!4#3!/!71,4,'(!5.'#3>!#4!73=/1!$#3%.#0#2>!./&!4#"7&'(!#1!5.'!%3'$,&'!
5./5! ",5,'&! "/1! ='! "#1"'%57/0,;'(! /5! &'8'3/0! &"/0'&! /&! 43/"5/0&! )*+! ?.'! $#3%.#0#2>! #4! 73=/1!
&'550'$'15&!/1(!,5&!(>1/$,"&!./&!"/%573'(!5.'!,15'3'&5!#4!3'&'/3".'3&!)@6!A6!B6!C6!D6!E6!F6!G6!H+!/&!,5!
$/>!&.'(!0,2.5!#1!I,%4J&!0/K!4#3!",5,'&!)C6!D6!@L6!@@+6!"./00'12'!5.'#3'5,"/0!43/$'K#3M&!4#3!"07&5'3!
(>1/$,"&!#3!,$%3#8'!%3'(,"5,#1&!#4!47573'!73=/1!23#K5.!)A6!E6!F+N!?.'!&'/3".!4#3!/!71,4,'(!5.'#3>!
 ( & &
Y=53>%$K%$9>785 ZC%-268@J%?K%$9>785 %4@J%/7=5J%0K%$9>785 %

#4! 73=/1! $#3%.#0#2>! ./&! 4#"7&'(! #1! 5.'! %3'$,&'! 5./5! ",5,'&! "/1! ='! "#1"'%57/0,;'(! /5! &'8'3/0!
&"/0'&!/&!43/"5/0&K%c045A4;78%2>%4;KC%&''PfK%%/72%52;2A4@62%8<%3:462%3B@>4WC%J=E=>4;%I2>78J8;8EB%=3%
932J% RB% >72% ,*#$-./!01% 52324567% >24I% <85% <95>725% =@>25:52>4>=8@% 8<% 4% >N2@>B.B2453% N85V% 8@% 4%
I9;>=.;4B252J% 4@4;B3=3% 8<% ^''% 04>4;4@% A=;;4E23% =@% @85>7243>25@% -:4=@% 4@J% 389>7243>25@% Y54@62K%%
D4>4% 743% R22@% E4>7252J% J95=@E% >7=3% :25=8J% 8<% >=I2% =@% >72% O/5/0/1! P3=/1! Q#3$% $567=A2C% 4% [8=@>%
E8A25@I2@>% 4@J% 9@=A253=>B% :58[26>K% c/72% O/5/0/1! P3=/1! Q#3$% J4>4R432% =3% J2:83=>2J% =@% >72%
@4>=8@4;% 4567=A23% 8<% 04>4;8@=4% $`0C% $5W=9% `46=8@4;% J2% 04>4;9@B4C% -4@>% 09E4>.?4562;8@4fK% % ?B%
<8;;8N=@E% >72% 0=>B% "@=A253=>B% 8<% i8@J8@% R%/"'! R>15/S% 36788;% 8<% >789E7>% 8@% 95R4@% <85IC% l3>2:%
J2:>7m%4@4;B3=3%8<%?4562;8@4%743%R22@%<85I25;B%J8@2%RB%$@>8@=8%S=;;p@C%4@J%7=3%68;;24E923%4>%>72%
-6788;% 8<% $567=>26>952% 8<% ?4562;8@4K% ->9J=23% 74A2% R22@% J8@2% 8@% 78N% >54<<=6% >7589E7% >72% l>7=5J%
5=@Em%7=E7N4B%8<%?4562;8@4%4<<26>3%>72%<85I%8<%>72%7=3>85=6%95R4@%<4R5=63%395589@J=@E%J8N@>8N@C%
-455=hC% ,5h6=4C% 185>4C% -4@>% $@J529C% 04I:% J2% ;d$5:4C% ?8@% T43>85C% 04@% T2E9254% 4@J% `89% ?455=3K%
cS=;;p@%2>%4;KC%&'(PfK%%-:462%3B@>4W%4@4;B3=3%743%4;38%R22@%J8@2%8@%;2A2;3%8<%7=E725%=@>2E54>=8@%=@%
8>725%@2=E7R85788J3K%cQ867C%S45693%4@J%->22@C%&''Gf%
%/8%678832%8@2%V=@J%8<%7=3>85=6%I4:%85%4@8>725%<85%3:462%3B@>4W%V=@J%8<%4@4;B3=3%=3%[93>%4%68:%
89>C% :45>=69;45;B% N72@% S=;;p@% 3>9J=2J% #32/1,"! /1(! ,1#32/1,"% 95R4@% 3:462% =@% X;J% ?4562;8@4K% % ?B%
O98>=@E%IB%8N@%T7KDK%J=3325>4>=8@%c"K0K%?25V2;2BC%(GHf%-:=58%Q83>8<%4;524JB%:8=@>2J%89>%>74>%=@%
>72% 7=3>85B% 8<% 6=>=23C% >72% #32/1,"% <4;;46B% 64@@8>% 46689@>% <85% 3:8@>4@2893% 95R4@% E58N>7C%
9@68@36=893%85%9@:;4@@2J%95R4@%J23=E@K%cQ83>8<C%(GG(fK%%
S4@B% 6432% 3>9J=23% =@% 8>725% !958:24@% 6=>=23% 74A2% I4@4E2J% 3966233<9;;B% >8% J54N% :83>.
8669:4@6B%;2338@3%>8%2A4;94>2%393>4=@4R=;=>B%=@%95R4@%<85IK%k2>%=@%I24395=@E%95R4@%52E2@254>=8@%
4@J%386=4;%393>4=@4R=;=>B%>7252%745J;B%4@B%=@J=64>853%8@%>72%67=;J%=@%>72%6=>BK%%*@%>7=3%:4:25%O94;=>B%
8<% ;=<2C% "`*0!Y% =@J=64>853C% <85% 67=;J52@% :;4B=@E% =@% 6895>B45J3C% 452% 932J% >8% 4A8=J% >72% 54>725%
9@3>4R;2%68@62:>%8<%393>4=@4R=;=>BK%c08;4@>8@=8%4@J%D=W8@C%&'('fK%%,9;39@%-4E;4I25%743%2J=>2J%4%
32>% 8<% :4:253% =@% 4% [895@4;% 8<% 95R4@=3I% >74>% 4;38% R5=@E% 9:% >7=3% =3392K% c-4E;4I25% 2>% 4;C% 2J=>853C%
&'((fK%%
/7252%=3%4%>54J=>=8@%8<%932%8<%8:2@%3:462%>7589E7%7=3>85=6%S83;2I%3>4>23K%%T253=4@%:5262J2@>%
8<%,522V%4@J%#8I4@%>8N@%:;4@@=@E%=@%>72%64J43>52%3B3>2I%R589E7>C%=@%>72%F>7%62@>95B%?0C%RB%>72%
,522V3% <58I% T78624% =@% $@4>8;=4% >8% S4334;=4% =@% 389>7% 8<% Y54@62% 4@J% !I:85=8@% =@% >72% @85>7% 8<%
-:4=@K%05833.69;>954;%95R4@%I85:78;8EB%=3%<89@J%@8>%8@;B%=@%52;=E=893C%34652J%6895>B45J3%R9>%4;38%
=@%>72%3269;45C%:58<4@2a%@4I2;B%=@%lA25@469;45m%4567=>26>952%4@J%95R4@%<85I%8<%T253=4@%725=>4E2K%%
/54J=>=8@4;% N4B3% 8<% R9=;J=@E% 3967% 43% 68@3>596>=8@% >267@=O923% 4@J% I4>25=4;3C% R5=6VC% 4J8R2% 4@J%
3>8@2% 369;:>952J% N=>7% ;8N% 4@J% 7=E7% 52;=2<3% 74J% 4% E524>% =@<;92@62% 8@% >72% 4567=>26>952% 8<% 8>725%
I2J=2A4;% S83;2I% 3>4>23K% % *@% Y4>=I=J% !EB:>% >72% $U745% S83O92% =3% 3=I=;45% >72% =R@./q;q@% S83O92%
J23=E@2J%RB%g4N745%=@%G^&K%%/72%:;4@%4>%$;.$U745%I83O92%68I;2W%=3%85E4@=U2J%4589@J%>N8%I4=@%
6895>3C% >72% I4=@% 6895>C% &./1C% 4@J% >72% 6895>% 8<% 4R;9>=8@3K% $@6=2@>% T253=4@% 725=>4E2% 2W=3>2J% =@%
!EB:>%R264932%>72%689@>5B%2@J952J%4%62@>95B%8<%T253=4@%59;2%4@J%=@%>72%;4>25%<895>7%62@>95B%?0%
R264I2% :45>% 8<% $;2W4@J25% >72% ,524>d3% ,522V% 2I:=52a% =>% N43% E8A25@2J% RB% >72% 78932% 8<% >72%
T>8;8I=23% 9:8@% >72% 455=A4;% 8<% >72% #8I4@3K% % !W62:>% N=>7% >72% 4::2454@62% 8<% :8=@>2J% 456723C% >72%
I83O92% N43% :45>;B% R9=;>% N=>7% >72% 34I2% 3>596>952% >8% J2<=@2% 34652J% 3:462% 9@J25% J8I23% 4@J%
6=569;4>=8@% ;4B89>3% c1=>>=C% (GF(fK% % ->=;;% >8J4B% :28:;2% N4;V% 4589@J% 4@J% >7589E7% >72% 8:2@% 3:462%
3B3>2I% 8<% >72% =R@./q;q@% I83O92% 68I:;2Wa% 4% 32O92@62% 8<% :9R;=6C% 8:2@% 3:4623% 395589@J=@E% 4@J%
;24J=@E%>8%>72%I83>%=@@25%:;462%8<%>72%I83O92%68I:;2W%>8%:54BK%%%
*54@=4@% 4567=>26>952% =@% >95@% 37452J% >72% E2@254;% *3;4I=6% $7T/31/&% <24>952% 8<% >72% 685R2;;2J%
l3>4;46>=>2m%@=672%>8%39::85>%J8I2%3>596>9523%c2KEKC%4>%>72%4@E;2%8<%3O9452%588I%>8%6455B%4%69:8;4%
8<%R5=6V.N85V%39::85>2J%9:8@%4@%86>4E8@4;%J59I%4R8A2%4%:54B25%3:462%4@J%@=672K%%/72%3>4;46>=>2%
 ( & &
Y=53>%$K%$9>785 ZC%-268@J%?K%$9>785 %4@J%/7=5J%0K%$9>785 %

:2@J2@>=A23% N252% 4;38% =@>58J962J% RB% Y4>=I=J% 4567=>26>3% =@% >72% <4r4J23C% :45>=69;45;B% 9@J25% >72%
$BBqR=J3%4@J%S4I;qV3%%
/72% I433% 8<% R9=;J=@E3% 8<% :5=A4>2% ;=A=@E% O945>253C% R2;8@E=@E% >8% 4;;% V=@J3% 8<% 6=>=U2@3C% 45>=69;4>2%
A8=JC% 8:2@% 3:4623% >74>% 59@% >789E7% >72% :9R;=6% 95R4@% 3:4623% 8<% I45V2>3C% I83O923% 4@J% :4;462%
68I:;2W23K%%0895>3%I4B%2=>725%32:454>2%J=<<252@>%932%8<%3:462%N=>7=@%4%34B%I83O92C%4567=>26>954;%
68I:;2WC%2KEKC%3>9J2@>%588I3%:;462J%R2>N22@%4@%4R;9>=8@%6895>%4@J%4%I4=@%6895>K%%
Y95>725% 2A=J2@62% 8<% 65833.69;>954;% 6895>B45J% I85:78;8EB% :5262J2@>% =3% 2A2@% <89@J% =@% >72%
@4I23%8<%>72%E4>23%8<%4@%45672>B:=64;C%I83O92%68I:;2WK%%/72%4@6=2@>C%I9;>=69;>954;%R46VE589@J%
8<%T253=4@%4567=>26>954;%725=>4E2%2;32N7252%=3%=;;93>54>2J%=@%04=58d3%$U745%S83O92+%,4>2%8<%`85>7.
b23>% $<5=64@3C% ,4>2% 8<% -B5=4@3C% ,4>2% 8<% 9::25% !EB:>=4@3C% -89:% E4>2C% ,4>2% 8<% [2N2;253C% ,4>2% 8<%
R45R253K%%
`8>=62%>74>%E4>23%:58A=J2%466233%>8%I83O92%<46=;=>=23%N=>7=@%>72%:526=@6>%N4;;3%R9>%>72=5%@4I23%
@8>% 8@;B% J2@8>2% I83O92% 386=4;% R46VE589@J% 8<% 93253% >7589E7% >72% V=@J% 8<% 95R4@% ;=<2% 46>=A=>B%
:25<85I2J% RB% 654<>3I2@% 6=>=U2@3% ;=A=@E% @245RBC% =@% >72% 3>522>3% ;24J=@E% >8% E4>23K% % /7252<852% >7252%
2W=3>2J% 4% 68@>=@9893% <;8N% 8<% I8A2I2@>C% >54@3:85>% 8<% E88J3% 4@J% :28:;2C% 378::=@E% 4@J% E8=@E% >8%
:54BK% % /72% <85I% 8<% >72% 8:2@% 3:4623% 8<% 6895>B45J3% =@3=J2% I83O923% @4558N2J% J8N@C% >7589E7% >72%
E4>23C%RB%<;8N=@E%=@>8%N=>7%>72%8:2@%3:462%3B3>2I%<85I2J%RB%4J[462@>%3>522>3%4@J%>78589E7<4523%
89>3=J2% >72% I83O92K% % *@% >95@% >72% 8<>2@% J2@32% 4@J% 68@E23>2J% 8:2@% 3:462% 3B3>2I% 8<% 3>522>3%
89>3=J2% <46=;=>4>2J% 68@@26>=8@3% >8% 8>725C% 3269;45% <864;% :8=@>3% 8<% >72% 6=>BC% 2KEKC% :28:;2% 3>=;;% N4;V%
>8J4B%<58I%I83O92%68I:;2W23%>8%I45V2>%45243C%=/;//3%>7589E7%3>522>3%<9;;%8<%378:3C%&7T&K%%
X5=E=@4;;B% $54R=4% J=J% @8>% 74A2% I8@9I2@>4;% R9=;J=@E3% 4@J% >72% :28:;2% ;=A=@E% =@% J2325>%
>255=>85=23% N7252% *3;4I% N43% R85@% N252% @8I4J3K% % 18N2A25C% >72% ,522V3% 68;8@=U2J% k2I2@C% =@% >72%
389>7%8<%>72%:2@=@39;4C%4@J%12;;2@=3I%N43%524672J%lRB%N4B%8<%>72%6454A4@%>54J2m%cQ83>8<C%(GH_fK%%
/72% 4::2454@62% 8<% >72% >54J=>=8@4;% S2J=>2554@24@% 6895>B45JC% 8:2@.3:462% >B:2% 8<% <85I% 8<%
Q25I4@3747% 64@% R2% J4>2JC% 4>% ;243>C% N72@% >7=3% 85=E=@4;;B% T253=4@% 52E=8@% R264I2% 4% :45>% 8<% >72%
S83;2IC% S2J=>2554@24@% 3>4>23K% % /72B% 4;;% 37452J% 4% 68II8@% =@.<=;;% 95R4@% :586233C% N7=67%
>54@3<85I2J%>72%95R4@%<4R5=63%R9=;>%=@%:5262J=@E%62@>95=23K%%D23:=>2%>72%@8I4J%3=I:;=6=>B%6;4I2J%
RB%>72%64;=:7C%l*3;4I%34N%<58I%>72%3>45>%>72%=I:85>4@62%8<%>72%6=>Bm%4@J%>72%@22J%<85%=I:5233=A2%
R9=;J=@E3K% % cQ83>8<C% (GH_f% /72% :454J8W% =3% >74>% S974II2J% J=34::58A2J% 683>;B% 4567=>26>952% B2>%
68:=2J% <4@6B% J26854>=A2% g2N=37% 4@J% 075=3>=4@% 4567=>26>952K% % /72% D8I2% 8<% >72% #86V% =@% g25934;2I%
N43% R9=;>% 8@% >8:% 8<% >72% 586V% 8<% S89@>% S85=47C% =J2@>=<=2J% =@% >72% :43>% 43% >72% :;462% 8<% *3446d3%
3465=<=62C% N7=67% =3% A25B% 3=I=;45% >8% >72% 58>9@J4% 8<% >72% 18;B% -2:9;6752K% % /72% >2@>7.62@>95B%
E28E54:725%S9O4JJ43=C%O98>2J%RB%-:=58%Q83>8<C%N58>2+%
n/72% 64;=:7o% /0UV/0,(! ='.'0(! R>3,/! 5#! ='! /! "#7153>! 5./5! ./(! 0#12! =''1! #""7%,'(! =>! 5.'!
O.3,&5,/1&6!/1(!.'!1#5'(!5.'3'!5.'!='/75,470!".73".'&!&5,00!='0#12,12!5#!5.'$6!&#!'1"./15,120>!4/,36!
/1(! &#! 3'1#K1'(! 4#3! 5.',3! &%0'1(#3*W1(! ,1! 0,M'! $/11'3*W=(U/0UX/0,M6! &'',12! 5.'! 23'/51'&&! #4!
5.'! $/35>3,7$! #4! 5.'! Y#0>! R'%70".3'! /1(! ,5! $/21,4,"'1"'6! K/&! $#8'(! 0'&5! ,5! &.#70(! (/;;0'! 5.'!
$,1(&! #4! 5.'! X7&0,$&! /1(! .'1"'! '3'"5'(! /=#8'! 5.'! 3#"M! 5.'! (#$'! K.,".! ,&! 1#K! &''1! 5.'3'N%%
cQ83>8<C%(GH_f%
*>% =3% 3>=;;% I852% 52;2A4@>% <85% 895% 39R[26>% I4>>25% >8% 68@3=J25% >72% <46>% >74>% 526B6;=@E% @8>% 8@;B%
74::2@2J%=@%3=@E;2%R9=;J=@E3%R9>%4;38%=@%N78;2%R9@6723%8<%8:2@%3:4623%8<%3>522>3%4@J%6895>B45J3%
N7=67%74J%85=E=@4;;B%:;4@@2J%43%95R4@C%:9R;=6%3:4623a%=@%I4@B%S93;=I%I2J=2A4;%3>4>23%>72B%N252%
>54@3<85I2J%=@>8%R8>7%:9R;=6%4@J%:5=A4>2%:;4623K%%Y85%2W4I:;2C%4%68;8@@4J2J%4A2@92%8<%0;433=64;%
4@>=O9=>BC% ;=V2% >72% 8@2% 3>=;;% :52325A2J% =@% /=IE4JC% N43% >54@3<85I2J% =@% J=<<252@>% :25=8J3% 8<% >=I2%
=@>8% 4% I2J=2A4;% ;=@245% R4U445% 64;;2J% &7T&% =@% $54R=6K% % *>3% R4B3% E54J94;;B% N4;;2J% =@% N252% 932J% 43%
 ( & &
Y=53>%$K%$9>785 ZC%-268@J%?K%$9>785 %4@J%/7=5J%0K%$9>785 %

32;;=@E%689@>253%4@J%654<>3I2@%378:3K%%
b85V.=@.:58E5233% 4@J% 69552@>% J4>4% E4>725=@E% 68@J96>2J% =@% Q25I4@3747% RB% ,*#$-% 52324567%
433=3>4@>3C% 7B:8>723=U23% >74>% >7252% 743% R22@% 4% 3=I=;45% V=@J% =@.<=;;C% 95R4@% :586233% =@% =>3% 7=3>85=64;%
6852K%%$6>94;%:588<%=3%@2623345B%>8%68558R854>2%>74>%95R4@%52E2@254>=8@%3>9J=23%8<%>72%7=3>85=64;%
6852%Q25I4@3747%52O9=523%:83>.8669:4@6B%2A4;94>=8@%52324567K%%1=3>85=6%95R4@%<4R5=63%74A2%R22@%
J2E54J2J% 4@J% 74A2% 4% @2E4>=A2% 2@A=58@I2@>4;% =I:46>% >72% O94;=>B% 8<% ;=<2% 8<% 67=;J52@% ;=A=@E% =@C%
N4;V=@E% >7589E7C% 4@J% :;4B=@E% =@% >72% 4524K% % `2N% 7=E7.3:22J% 584J3% 69>>=@E% >7589E7% 7=3>85=6%
J8N@>8N@% 74A2% 54J=64;;B% 674@E2J% >72% 932% 8<% >72% 8:2@% 3:4623% 8<% 6895>B45J3% 4@J% 7=3>85=6%
6=569;4>=8@%;4B89>3K%%%
$% R54@67% 8<% >72% "I4BB4J% <4I=;B% <;2J% <58I% ?4EJ4JC% 465833% `85>7% $<5=64% >8% $;.$@J4;93K% % /72B%
23>4R;=372J% >72% 04;=:74>2% 8<% 0s5J8R4K% % Y58I% ^((% >8% ('P(% >72% "I4BB4J3% N252% E524>% :4>58@3% 8<%
36=2@62%4@J%>72%45>3%=@%-89>7%-:4=@K%%%
0s5J8R4% R264I2% 4@% =I:85>4@>C% !958:24@% =@>2;;26>94;% 62@>25a% <58I% >72% 0458;=@E=4@% 64:=>4;% 8<%
$4672@% >72% N=<2% >72% 18;B% #8I4@% 2I:2585% 43V2J% >72% 64;=:7% >8% 32@J% >8% 725% 6895>% =@% $4672@%
:526=893% I4@9365=:>3% 4@J% [2N2;3a% >7252% N252% I4@B% 69;>954;% 2W674@E23% J23:=>2% >72% <46>% >74>%
S93;=I3%4@J%075=3>=4@3%74J%4%A25B%J=<<252@>%A=2N%8<%l68II9@=>B%J2A8>=8@Km%%k2>%>72%64;=:73%N252%
54>725%26;26>=6%=@%>72%52.932%8<%#8I4@%68;9I@3%=@%>72%,524>%S83O92%8<%0s5J8R4%cQ@4::C%(GHPfK%%
S93;=I3% N252% 2@[8=@2J% >8% :54B% <=A23% >=I23% 4% J4B% R9>% >74>% 64@% >4V2% :;462% @8N% 4@BN7252K% % k2>%
N=>7=@%<895%E2@254>=8@3%>72%6895>B45J%4567=>26>952%8<%>72%Y5=J4B%I83O923%8<%0s5J8A4C%Q4=54N4@%
4@J% /9@=3=4% R2E4@% >8% I4>25=4;=U2% 8@% >72=5% 8N@% 2A2@% =<% >72B% 74J% R8558N2J% @4>=A2% 95R4@% 4@J%
4567=>26>954;%<85I3K%%*>%N43%>72%89>68I2%8<%52932J%8<%4@6=2@>%95R4@C%:9R;=6%4@J%8:2@%3:462%>8%<=>%
4%3:26=<=6%52;=E=893%:58E54I%4@J%S83;2I%N4B%8<%;=<2K%%08@O925=@E%S93;=I3%>7252<852%433=I=;4>2J%
R8>7%>72%4567=>26>952%4@J%95R4@%<85I%8<%8;J%,5268.#8I4@%6=>=23%4@J%-4334@=4@%6895>3K%%Y=E952%('K%
$@6=2@>% ,522V% 4@J% #8I4@% 64J43>52C% E5=J% 3B3>2I% =@% -:4@=37% 4@J% Y52@67% 04>4;8@=4K% % T;8>3% 8<%
85=E=@4;C% 5954;% :58:25>B% 4;=E@I2@>3% J2>25I=@2% 68@>2I:8545B% 95R4@% :;8>3% 4589@J% 6895>B45J3K%
T;8>3%8<%5954;%;4@J%8<%4@6=2@>%,522V%4@J%#8I4@%64J43>52C%69;>954;%725=>4E2K%$5=3>8>;2%I2@>=8@2J%
>72% T253=4@% :5262J2@>% 8<% >72% ,522V% ".#3/K% % #8I4@% 64J43>52% 3B3>2I% <8;;8N3% >72% 34I2% I8J9;45%
:58:85>=8@%8<%,522VC%".#3/C%J=A=3=8@%8<%;4@JK%/72%9@=>%8<%I243952%/"57&%P&%<22>%=3%<89@J%N=>7=@%4%
"'1573,/%N7=67%=3%4::58W=I4>2;B%^&'%W%^&'%3O9452%I2>253K%%

%%
 ( & &
Y=53>%$K%$9>785 ZC%-268@J%?K%$9>785 %4@J%/7=5J%0K%$9>785 %

%%Y=E952%&K%*@%52JC%>72%I2J=2A4;%I8@43>25B%8<%->%04>725=@2%R2;8N%>72%I45V2>K%D=<<252@>%3>4E23%8<%
7=3>85=6%J2A2;8:I2@>%8<%>72%4524K%%S=54;;23%N43%>5B=@E%>8%68@@26>%4E4=@%>72%7=3>85=6C%95R4@%<4R5=6%
R58V2@%RB%>72%8:2@=@E%8<%t=4%i4B2>4@4%->522>%=@%(G'HK%->%04>725=@2%I45V2>%>8J4B%=3%;=@V2J%>8%>72%
8;J%E4>23%8<%>72%I2J=2A4;%6=>BC%4@J%>8%8>725%<864;%:8=@>3%3967%43%>72%64>72J54;%8<%?4562;8@4C%4@J%
;4@JI45V3% N7252% >7252% N252% 74::2@=@E% 3=I=;45% I45V2>% 46>=A=>=23K% S=54;;23% ;=@V2J% :2J23>5=4@%
6=569;4>=8@%<58I%8@2%3=J2%8<%>72%I45V2>%4@J%>7589E7%>72%6895>B45JC%RB%>5B=@E%>8%R5=@E%:28:;2%>8%
>72% 64>72J54;% >7589E7% 3>522>3% 8<% >72% ->% S45=4% :45=37% 679567% 4524K% D2I8;=>=8@% N85V3% 68@>=@B2J%
4;8@E% >72% t=4% i4B2>4@4% ->522>% 3>=;;% =@% (G)'K% i4>2.#8I4@% 4@J% !45;B.075=3>=4@% >54623% 8<% 4% 3>522>C%
7893=@E% ;8>3% 4@J% 378:3K% % /7=3% ;4B25% N43% 932J% RB% S=54;;23% <85% 7=3% I45V2>% 4@J% 6895>B45J% J23=E@K%
-2A254;%E5=J%:4>>25@3%8<%:58:25>B%4;=E@I2@>3%452%<89@J%=@%?4562;8@4%9@J25%>72%I=J%(G>7%62@>95B%
4JJ=>=8@K%D2R4>2%8@%:9R;=6%4@J%:5=A4>2%932%8<%@2N%4@J%8;J%8:2@%3:462%:;4@@2J%RB%*;J2<8@3%025Jh%
=@% (H_GK% T5=A4>=U4>=8@% 8<% >72% 8;J% :9R;=6% :58:25>B% 8<% N4;;3C% J=>6723% 4@J% 54I:45>3% 4@J% 74J% 4%
@2E4>=A2%=I:46>%=@%7=3>85=6%6=569;4>=8@%;4B89>3K%%
 ( & &
Y=53>%$K%$9>785 ZC%-268@J%?K%$9>785 %4@J%/7=5J%0K%$9>785 %

%
 ( & &
Y=53>%$K%$9>785 ZC%-268@J%?K%$9>785 %4@J%/7=5J%0K%$9>785 %

Y=E952%)K%/72%39R.<=E9523%=;;93>54>2%>72%@2E4>=A2%2@A=58@I2@>4;%=I:46>%8<%>72%8:2@=@E%8<%>72%
95R4@%<4R5=6%>7589E7%>72%7=3>85=6%6852%8<%Q25I4@3747K%*>%=3%:45>=69;45;B%@2E4>=A2%<85%67=;J52@%
:;4B=@E%=@%>72%3>522>3%4@J%>8%68II256=4;C%68II9@=>B%;=<2%@245%I45V2>%45243K%!>7@8E54:7=6%
52324567%N=>7%67=;J52@%:;4B=@E%89>J8853%=@%?4562;8@4%c;2<>f%4@J%Q25I4@3747%c5=E7>fK%%

/4R;2%(K%u94;=>4>=A2%4@4;B3=3%I8J2;%932J%N=>7%2>7@8E54:7=6%J4>4K%%

%
 ( & &
Y=53>%$K%$9>785 ZC%-268@J%?K%$9>785 %4@J%/7=5J%0K%$9>785 %

%
 ( & &
Y=53>%$K%$9>785 ZC%-268@J%?K%$9>785 %4@J%/7=5J%0K%$9>785 %

Y=E952%_K%-9R.<=E9523K%%D4>4%E4>7252J%>7589E7%:58[26>=A2C%67=;J52@%J54N=@E3%=@%Q25I4@3747K%%
)
"#*"BA&!#*)
/72%5239;>%8<<252J%>N8%39=>4R;2%3=>23%<85%:83>.8669:4@6B%2A4;94>=8@K%%X@2%8<%>72%52438@3%?4562;8@4%
4@J%Q25I4@3747%452%68I:83=>2%6=>=23%=3%:526=32;B%R264932%>72B%R8>7%=@%>72%7=3>85=64;%68523%74A2%4@%
8:2@% 3:462% 3B3>2I% 374:2J% RB% 4% 32O92@62% 8<% 3I4;;% 4@J% R=E% 6895>B45J3C% 4;;2B3% 4@J% 65833.584J% 4@J%
=@>25326>=8@3%8<%J=<<252@>%3=U2%N7=67%;=@V2J%>8%4%;45E25%95R4@%:45V%3B3>2IK%%?432J%9:8@%>72%4@4;B3=3%8<%
>72%;4B253%68I:83=>2%:5232@>2J%7252C%;4@J%39=>4R=;=>B%3789;J%R2%68@3=J252J%4>%>72%:58E54II=@EC%245;B%
3>4E23%8<%6895>B45JC%8:2@%3:462%J23=E@K%%%%
-:462% 3B@>4W% I2>78J8;8EB% :58A23% 52;2A4@>% <85% 6895>B45J% J23=E@% 8@;B% =<% 4@% 466954>2% 678=62% 8<%
7=3>85=6%I4:3%=3%I4J2%4@J%=@6;9J23%J4>4%E4>7252J%4>%4%O94;=>4>=A2%;2A2;K%%/72%95R4@%<85I%=@%>7232%>N8%
6=>=23% 374523% >72% 69;>954;% 725=>4E2C% 4@J% ;8E=6% 8<% :58:25>B% 4@J% 4;=E@I2@>% 3B3>2I% 8<% 4@6=2@>% T253=4@C%
,522V% 4@J% #8I4@% 64J43>25% :;4@@=@E% 3B3>2IK% % Y85% <9>952% 95R4@% :;4@% J2A2;8:I2@>C% 65833.69;>954;%
3>9J=23% 452% @22J2J% >8% <4>725;B% :52J=6>% >72% @2E4>=A2% =I:46>% 8<% @2N% =@<543>596>952% 9:8@% >72% 69;>954;%
725=>4E2%8<%8>725%:45>3%8<%>72%95R4@%<4R5=6%4@J%>8%:52325A2%>72%O94;=>B%8<%;=<2%8<%>72%67=;J%=@%>72%6=>BK%%
%
@(H(@(*"(&)
/72% $;R45C% !KC% 4@J% ?=[V25C% bK!KC% % l08@3>596>=@E% $% 0=>B+% /72% 025Jh% T;4@% <85% >72% !W>2@3=8@% 8<%
?4562;8@4C%-6=2@62C%/267@8;8EB%v%19I4@%t4;923C%t8;K%&&%c(fC%::K%P.P'K%%%
$;-4BB4JC%`KC%4@J%043>2;;3C%SKC%S93;=I%!958:2%85%!958.%*3;4I+%T8;=>=63C%09;>952%4@J%0=>=U2@37=:%=@%
>72%$E23%<%,;8R4;=U4>=8@C%ci4@74IC%SD.i2W=>8@C%&''&fK%
$I=54@>2C%#KC%lS2>58:8;=>4@4%,45=R4;J=+%68I2%>543<85I452%9@%:=4UU4;2%=@%>4@>2%:=4UU2Cm%Z/&&'21/!
W1,/,C%*?-`%'PG&._P)wC%-2:>2IR25%&'(&C%%
08;4@>8@=8C% $K% 4@J% D=W8@C% /KC% P3=/1! Z'2'1'3/5,#1! /1(! R#",/0! R7&5/,1/=,0,5>[! ! \'&5! ]3/"5,"'&! 43#$!
^73#%'/1!O,5,'&C%ci8@J8@C%&'('fK%
14@38@C%gKC%lX5J25%4@J%->596>952%=@%"5R4@%-:462+%$%S85:78;8E=64;%1=3>85B%8<%>72%0=>B%8<%>72%0=>B%8<%
i8@J8@Cm%T7KDK%/723=3C%"@=A253=>B%08;;2E2%8<%i8@J8@C%(GHGK%%%
1=;;=25C% ?KC% l-:462% 3B@>4W% 43% 4% I2>78J% 4@J% 43% 4% >7285BCm% _RPQN! `73! O#$$#1! Q7573'! ,1! P3=/1!
X#3%.#0#2>C%%X:85>8%P._%g9;BC%&'()K%
1=>>=C%T7KQKC%Y,&5#3>!#4!5.'!W3/=&C%ci8@J8@%v%`2N%k85VC%(GF(C%^>7%2J=>=8@f%:4E2%FP'K%
Q@4::C%#K0KC%Z#$/1!Oa3(#=/C%"@=A253=>B%8<%04;=<85@=4%T5233C%c?25V2;2BC%(GHPfK%
%Q867C%DKC%S45693C%iKC%4@J%->22@C%gKC%&''GC%R'8'15.!_15'31/5,#1/0!R%/"'!R>15/S!R>$%#&,7$%/#*/$.
$#Q.%Y853V@=@E3:9R;=V4>=8@%&''GC%
Q83>8<C% -KC% W! Y,&5#3>! #4! W3".,5'"573'N! R'55,12&! /1(! Z,57/0&C% XW<85J% "@=A253=>B% T5233C% c`2N% k85V% v%
XW<85JC%(GH_fK%
045A4;78C% #KC% % -7=@=67=C% iKC% T2@@C% $KC% % l-64;=@E% 4@J% 9@=A2534;=>B% =@% >72% I=658.3>596>952% 8<% 95R4@%
3:4626<!C5.!_15'31/5,#1/0!R%/"'!R>15/S!R>$%#&,7$C%"@=A253=>B%08;;2E2%i8@J8@C%ci8@J8@C%&''PfK%
 ( & &
Y=53>%$K%$9>785 ZC%-268@J%?K%$9>785 %4@J%/7=5J%0K%$9>785 %

Q83>8<C%-KC%?.'!O,5>!R./%'(N!!P3=/1!]/55'31&!/1(!X'/1,12!?.3#72.!Y,&5#3>C%ci8@J8@C%(GG(fC%:4E2%
&)(K%
S=;;h3C% gKSKC% ?'S5#&! ('0&! .,&5#3,/(#3&! 93/=&! 3'4'3'15&! /! 0/! O/5/071>/! O/3#0b12,/C% *@3>=>9>% Jd!3>9J=3%
04>4;4@3C%c?4562;8@4C%(GH^fK%
Q45=I=C%QKC%08@>=@9=>B%4@J%674@E2%=@%8;J%6=>=23+%4@%4@4;B>=64;%=@A23>=E4>=8@%8<%>72%3:4>=4;%3>596>952%=@%
*54@=4@% 4@J% !@E;=37% 7=3>85=6% 6=>=23% R2<852% 4@J% 4<>25% I8J25@=U4>=8@C% 9@:9R;=372J% :4:25C% "@=A253=>B%
08;;2E2%8<%i8@J8@C%(GGHK%
Q45=I=C%QKC%l*54@=4@%X5E4@=6%0=>=23%J2IB3>=<=2J+%$%9@=O92%"5R4@%!W:25=2@62%85%$@%X5E4@=6%0=>B%i=V2%
X>7253Cm%\7,05!^18,3#1$'15C%t8;K%&H%cPfC%::K%(H^.&'&K%
Q45=I=C%QKC%m$%#2<;26>=8@%8@%xX5J25%4@J%->596>952%=@%"5R4@%D23=E@dmC%gX--C%PC%?.'!c#731/0!#4!R%/"'!
R>15/SC%/72%?45;2>>%-6788;%8<%,54J94>2%->9J=23C%"0iC%ci8@J8@C%&'(&fC%::K%PHC%)P.)HK%%
T4U83C% /KC% d#&! ^&%/",#&! 3'"#=3/(#&! %/3/! 7&#! %-=0,"#! '1! 0#&! %/5,#&! ,15'3,#3'&! '1! ^,S/$%0'C% S43>25%
/723=3C%/267@=64;%"@=A253=>B%8<%04>4;8@=4C%c?4562;8@4C%&''GfK%%
#83>4I=C% SKC% ?47I4@% X54I4@=C% SKC% 4@J% Q74@7% ?4JC% `KC% l/72% $@4;B3=3% 8<% -:4>=4;% D=3>5=R9>=8@% 8<%
T45V3% 8<% D=3>5=6>% X@2% 8<% Q25I4@3747% 0=>B% RB% ,*-Cm% e'#23/%.,"/0! d/1(&"/%'! fY7$/1! R57(,'&gC% FC% `8K%
(_C%-9II25%&'((C%::K%G.(&K%
S=;;p@.,sI2UC%SKC%g=I2@2U%#=A254C%gKC%i4>52%04R5254C%gK$KC%4@J%De4U.$32@3=8C%tKC%l/95@=@E%?455=253%
=@>8% $;;2BN4B3Cm% ]3#"''(,12&! #4! .'! h,15.! _15'31/5,#1/0! R%/"'! R>15/S! R>$%#&,7$C% c-289;C% &'(PfC% =@%
Y=E952%'HC%:4E2%)(K%%
S=;;p@C%$KC%i4U8C%$KC%is:2UC%DKC%lX5E4@=6%4@J%*@85E4@=6%=@%X;J%?4562;8@4m%^,2.5!_15'31/5,#1/0!R%/"'!
R>15/S!R>$%#&,7$C%-4@>=4E8%J2%07=;2C%&'(&K%
,9;39@% -4E;4I25C% 2J=>85% 2>% 4;N6! `%'1! Y#7&'! _15'31/5,#1/0C% g9@2% &'((C% A8;KPF% @8K&C/72I2% *3392+%
l/8N45J3%$%-93>4=@4R;2%0=>B+%T=262I24;%A3K%,54@J%T;4@@=@EKm%
-4954C% SKC% l094@J8% ?4562;8@4% 254% 9@% [45Je@K% 09;>954% B% 386=2J4JCm% 2JK% -2E=8% t=;45C% li4% 6=9J4J% J2;%
38;Km%%`2N3:4:25+%Y#i/!('0!d71'&C%(&%`8A2IR25C%?4562;8@4C%(GH&K%%
-4954% 0459;;4C% SKC% 4@J% S9@>4j8;4% /785@R25EC% gKC% l$567=>26>952% 4@J% 09;>952Cm% O3,5,"/0! R%/"'&N!
O#15'$%#3/3>! ]'3&%'"5,8'&! ,1! P3=/16! R%/5,/0! /1(! d/1(&"/%'! R57(,'&C% $K% 04;64>=@E2% c!JKfC% i*/% t25;4EC%
cb=2@.?25;=@C%&'()fC%::K%P(._(K%
S9@>4j8;4% /785@R25EC% gKC% i4% /8:8E2@y32K% Y8@J2I2@>% Jd9@2% 4567=>26>952% A=A4@>2C% $@>758:83K% i4%
R=R;=8>7yO92%J23%<85I23%cT45=3C%(G^_fK%%
S9@>4j8;4C% gKC% ^0&! 1'1&! ,! 0/! &'8/! ",75/5[! \/3"'0#1/Uh#8/! j#3MC% *@3>=>9>% Jd!68;8E=4% "5R4@4% J2%
?4562;8@4C%c?4562;8@4C%(GH^%4@J%(GG(fK%%
%
K!#E@?%DF)
S4EJ4% -4954% =3% 4% :58<23385% 4>% >72% -6788;% 8<% $567=>26>952% 8<% ?4562;8@4% c!/-$?fC% /267@=64;%
"@=A253=>B% 8<% 04>4;8@=4% 4@J% E54J94>2J% N=>7% 4% ?K$K% 4@J% T7KDK% <58I% >72% "@=A253=>B% 8<% 04;=<85@=4C%
?25V2;2B% c?K$K% (G^)% 4@J% T7KDK% (GHGfK% % -72% =3% 4@% 2@A=58@I2@>4;% J23=E@% 68@39;>4@>% <85% >72% 04>4;4@%
E8A25@I2@>C%4%:546>=6=@E%4567=>26>C%45>%7=3>85=4@%4@J%J=526>85%8<%>72%,*#$-./!01%52324567%E589:K%%%
-4745% T4V325237>% 4@J% g9;=4% ?2;>54@% 452% T7KDK% 3>9J2@>3% 4>% >72% /267@=64;%"@=A253=>B%8<%04>4;8@=4%
4@J%52324567%43386=4>23%4>%>72%,*#$-./!01%52324567%E589:K%%
 ( & &
Y=53>%$K%$9>785 ZC%-268@J%?K%$9>785 %4@J%/7=5J%0K%$9>785 %

b2%452%A25B%E54>2<9;%>8%>72%E8A25@I2@>4;%39::85>%8<%-:4=@%4@J%04>4;8@=4%<85%:58A=J=@E%52324567%
<9@J3%>8%64>4;8E92%I4:3%4@J%J869I2@>3K%%*%4I%4;38%E54>2<9;%>8%D5K%g832:%S45=4%-4@3C%J=526>85%8<%>72%
4567=A23a% N=>7% 7=3% 433=3>4@>3C% 72% 743% R22@% A25B% :4>=2@>% N=>7% 3>9J2@>3% 8<% 4567=>26>952% >5B=@E% >8% ;245@%
<58I%85=E=@4;%J869I2@>3%4@J%I4:%3895623K%
%
%
%
%
%