Professional Documents
Culture Documents
Las "Monedas Digitales" y El Bitcoin En..
Las "Monedas Digitales" y El Bitcoin En..
3435678 69:;<=7>?@9:;@ABA396?:C;D;?6;EA3F7A>;?>;?6;>5?G7;A=H5?:37;9;69:;I?>39:;JA>9>FA?I9:
9537IK?:8 =LMNOP;?QROPSPT;ILUPOSV
H5E6AF9FAW>8 AXYNZQRVQ[;@VUROL\P;3OL]NRPOLP;?II?H9I;^@3?_
37=7KE76?34>8 ```A`
HaBA>98 bcc
=?:8 ?\ZOV[;=POdV
9e78 bfgh
i
;
jklmjnopqkrsjmptuvjmnm
wmupxqoytnmupnkzkvmwtu{p|ptwp}kvlokyptyptwpyst~opkqstuvopmpwmupjtyvmupkymylktjmu
¡
¢
¡
£
¤
¤
¥
¦
§¨
©
kpªpkyvjonsllk«y
5\V;SZ;¬VQ;V]ZRL®VQ;SZ;¬P;¬Z±;b¶·cf;¯NZ;°OP®PO;¬PQ;OZ\RPQ;¯L\P\ULZOPQT;Z;L\U¬N±²;Z\ROZ;ZQRPQ;P;¬PQ;°P\P\ULPQ;SZOL®PSPQ;SZ;¬PQ;³NZ;SZ\VXL\²;^YVO;YOLXZOP;®Zd;±;QL\;SZ¯L\LO_
<XV\ZSPQ;SL°LRP¬ZQC´;9UZOUPO\VQ;P;ZQRZ;UV\UZYRV;¬Z°P¬;QZOµ;Z¬;YOLXZO;V]ZRL®V;SZ;ZQRZ;ROP]PV´
6PQ;°P\P\ULPQ;SZOL®PSPQ;SZ;¬P;Z\PZ\PUL²\;SZ;XV\ZSPQ;SL°LRP¬ZQ;OZUL]Z\;Z\;ZQRZ;\NZ®V;O¸°LXZ\^g_;N\;UNµSONY¬Z;ROPRPXLZ\RV8;QZ°¹\;QZP;¬P;¯NZ\RZ;±;Z¬;QNZRV;³NZ;¬PQ;V]RZ\°PT
³NZSP\;Z\UNPSOPSPQ;±;OZ°LSPQ;YVO8;^L_;Z¬;\NZ®V;LXYNZQRV;UZSN¬PO;P;¬P;OZ\RP;¯L\P\ULZOP;L\SL®LSNP¬[;^LL_;Z¬;LXYNZQRV;YOV°OZQL®V;^PN\³NZ;P;P¬ºUNVRP;YOVYVOULV\P¬T;¯LP_;YPOP;¬P;OZ\RP
¯L\P\ULZOP;SZ;¯NZ\RZ;Z»ROP\ZOP[;^LLL_;Z¬;LXYNZQRV;YOVYVOULV\P¬;SZ;¬VQ;QNZRVQ;ZXYOZQPT;V;^L®_;Z¬;LXYNZQRV;YOVYVOULV\P¬T;YVO;OZRZ\UL²\;Z\;¬P;¯NZ\RZT;YPOP;YP°VQ;MZUMVQ;P
]Z\Z¯LULPOLVQ;SZ¬;Z»RZOLVÓ
A\RZ\RPO¸;OZUVOOZO;¬P;PY¬LUPUL²\;SZ;UPSP;N\V;SZ;ZQRVQ;SL®ZOQVQ;OZ°ºXZ\ZQT;L\RZOYOZRP\SV;¬VQ;®PUºVQ;Z;L\UV\QLQRZ\ULPQ;¬Z°P¬ZQ;³NZ;N\P;XµQ;OZYVQPSPT;SZ]PRLSP;±;YZ\QPSP;RPOZP
¬Z°L̄ZOP\RZ;SZ]L²;MP]ZO;Z®LRPSV^b_´;?QRZ;ROP]PV;L\RZOYOZRPRL®V;XZ;¬¬Z®POµ;P;L\UVOYVOPO;N\;YVQL]¬Z;³NL\RV;ROPRPXLZ\RV;YPOP;ULZORVQ;UPQVQT;³NZ;QZOµ;Z¬;LXYNZQRV;YOV°OZQL®VT;°Z\ZOP¬T
YPOP;¬PQ;OZ\RPQ;L\SL®LSNP¬ZQ;SZ;¯NZ\RZ;PO°Z\RL\P;SZ;¬P;UNPORP;UPRZ°VOºP´
HVO;¹¬RLXVT;OZYPQPO¸;Z¬;UPQV;SZ;¬PQ;°P\P\ULPQ;SZOL®PSPQ;SZ;¬P;XZOP;RZ\Z\ULP;L\SL®LSNP¬;^\V;°OP®PSPQ_;±;SZ;¬VQ;¯ONRVQ;SZOL®PSVQ;SZ;¬P;L\®ZOQL²\;±;RZ\Z\ULP;SZ;XV\ZSPQ;SL°LRP¬ZQT
L\U¬N±Z\SV;Z¬;UPQV;SZ;¬VQ;©;±;SZ;¬VQ;´
kkpªpqoytnmupnkzkvmwtu¼psyployltvopmpntkykjp|pjtuvjkyzkj
?Q;\VRVOLP;¬P;¯P¬RP;SZ;N\P;SZ¯L\LUL²\;V;UPOPURZOLdPUL²\;¬Z°P¬;SZ;³N¸;SZ]Z;Z\RZ\SZOQZ;YVO;<XV\ZSPQ;SL°LRP¬ZQC;Z\;¬P;L\RZ¬L°Z\ULP;SZ;¬P;OZ¯VOXPSP;¬Z±;SZ;LXYNZQRV;P;¬PQ;°P\P\ULPQ
^6AB_´;9S®LORPXVQ;³NZ;Z\;ZQRZ;XVXZ\RV;MP±T;Z\;]PQZQ;Y¹]¬LUPQT;N\PQ;XL¬;UOLYRVXV\ZSPQ;±;P¬°V;XµQ;SZ;³NL\LZ\RVQ;©
;ZXLRLSVQ´^c_
?QRP;ZQ;¬P;YOLXZOP;®Zd;³NZ;Z¬;VOSZ\PXLZ\RV;¬Z°P¬;NRL¬LdP;¬P;Z»YOZQL²\;<XV\ZSPQ;SL°LRP¬ZQCT;³NZ;SLQRP;SZ;QZO;N\;UV\UZYRV;N\º®VUV;±;³NZ;\V;QZ;Z\UNZ\ROP;SZ¯L\LSV;Z\;Z¬;SLUULV\POLV´
>L;¬P;¬Z±;\L;QN;XZ\QPZ;SZ;Z¬Z®PUL²\T;\L;¬VQ;SLURµXZ\ZQ;SZ;¬PQ;OZQYZURL®PQ;UVXLQLV\ZQ;SZ;YOZQNYNZQRV;±;MPULZ\SP;SZ;QZ\SPQ;UµXPOPQ;YPO¬PXZ\RPOLPQ;YOVYVOULV\P\;Z¬ZXZ\RVQ
VOLZ\RPRL®VQ;QV]OZ;Z¬;P¬UP\UZ;³NZ;QZ;³NLQV;SPO;P¬;UV\UZYRV´
?Q;\VRP]¬Z;³NZ;QZ;Z®LR²;NRL¬LdPO;Z¬;UV\UZYRV;XµQ;SL̄N\SLSV;±;ROP]PPSV;SZ;<XV\ZSPQ;®LORNP¬ZQCT;³NZ;±P;ZQRµ;L\UVOYVOPSV;P;\NZQROV;VOSZ\PXLZ\RV;NOºSLUV;YVO;¬P;5\LSPS;SZ
A\¯VOXPUL²\;JL\P\ULZOPT;³NZ;¬V;SZ¯L\L²;Z\;¬P;OZQV¬NUL²\;^5AJ_;cffKbfg·T;SL̄ZOZ\ULµ\SV¬V;OZQYZURV;SZ¬;<SL\ZOV;Z¬ZURO²\LUVC^·_8
<½
¾¿
À
£
Á
Á
£
¦
¥¡C´
?QRP;Z»YOZQL²\;±;QN;SZ¯L\LUL²\;ZQRµ\T;PSZXµQT;R^VR P¬XZ\RZ;Z\;¬º\ZP;UV\;¬P;SZ¯L\LUL²\;YOVYNZQRP;YVO;Z¬;J93JKB9JA;Z\;QN;L\¯VOXZ;SZ;N\LV;SZ;bfg·;QV]OZ;<=V\ZSPQ;®LORNP¬ZQ´
@Z¯L\LULV\ZQ;U¬P®Z;±;OLZQ°VQ;YVRZ\ULP¬ZQ;9=6KFJ3C´Â_
FNP¬³NLZOP;SZ;ZQRPQ;SZ¯L\LULV\ZQ;UVXYOZ\SZ;V]ZRL®PXZ\RZ;P¬;;±;P;UPQL;RVSPQ;¬PQ;UOLYRVXV\ZSPQ;³NZ;QZ;\Z°VULP\;Z\;¬VQ;XZOUPSVQ;Z\;¬º\ZP´
?\RV\UZQT;QL;¬P;Z»YOZQL²\;°Z\ZOP¬LdPSP;±;³NZ;OZ¯LZOZ;P;N\;UV\UZYRV;³NZ;QZ;®P;PQZ\RP\SV;Z\;Z¬;UV\QZ\QV;±;OZ°N¬PUL²\;\PULV\P¬;Z;L\RZO\PULV\P¬;ZQ;<XV\ZSP;®LORNP¬CT;YZOV;¬P;¬Z±
NRL¬Ld²;¬P;Z»YOZQL²\;<XV\ZSP;SL°LRP¬CT;YPOZUZOºP;³NZT;UVXV;L\R¸OYOZRZQT;SZ]ZXVQ;PQNXLO;³NZ;Z¬;UV\UZYRV;±;SZ¯L\LUL²\;SZ¬;¯Z\²XZ\V;ZUV\²XLUV;³NZ;¬P;¬Z±;³NLQV;UPYRNOPO;\V;ZQ;Z¬
XLQXV;³NZ;Z¬;SZ;¬PQ;XV\ZSPQ;®LORNP¬ZQ´
?\;RP¬;QZ\RLSVT;UV\QLSZOV;³NZ;ZQ;OPdV\P]¬Z;PQNXLO;³NZ;¬P;¬Z±;\V;QZ;OZ¯LOL²;P¬;;±;P;¬PQ;SZXµQ;UOLYRVXV\ZSPQT;YVO;QNQ;UPOPURZOºQRLUPQ;±P;SZ¯L\LSPQ;Z\;Z¬;UV\UZYRV;SZ
<XV\ZSP;®LORNP¬C8;QZO;L\XPRZOLP¬ZQT;\V;QZO;ZXLRLSPQ;YVO;P¬°¹\;°V]LZO\VT;UNXY¬LO;RVSPQ;¬PQ;ROZQ;¯N\ULV\ZQ;U¬µQLUPQ;SZ;¬P;XV\ZSP;^XZSLV;SZ;L\RZOUPX]LVT;N\LSPS;SZ;UNZ\RPT;OZQZO®P
SZ;®P¬VO_T;QL\V;YVO;QNQ;UPOPURZOºQRLUPQ;XµQ;XZSLµRLUPQT;SZ;QZO;UPSP;®Zd;XµQ;OZUV\VULSPQ;±;UVXZOULPSPQ;Z\;XZOUPSVQ;SZQOZ°N¬PSVQT;±;MP]ZO;¯N\ULV\PSV;UVXV;L\QRONXZ\RVQ;SZ
L\®ZOQL²\;SZ;OLZQ°VT;P¬RPXZ\RZ;ZQYZUN¬PRL®P´;:V]OZ;RVSV;ZQRP;¹¬RLXP;UPOPURZOºQRLUPT;¬P;YVRZ\ULP¬LSPS;SZ;YOVSNULO;°P\P\ULPQ;Z»ROPVOSL\POLPQ;UV\;XN±;YVUP;L\®ZOQL²\;L\LULP¬T;ZQ;ÃQL\
SNSPQÃ;¬V;³NZ;¬¬PX²;¬P;PRZ\UL²\;SZ¬;Y¹]¬LUVT;¬V;³NZ;YNQV;P¬;;Z\;¬VQ;RLRN¬POZQ;SZ;¬VQ;SLPOLVQ;±;¬V;³NZT;¯L\P¬XZ\RZT;¬V;¬¬Z®²;P¬;UNPSOV;SZ;MV\VO;SZ;¬P;OZ°N¬PUL²\;¯LQUP¬T;N\RV;UV\
¬PQ;PUULV\ZQT;RºRN¬VQ;±;SZXµQ;®P¬VOZQ´
@L̄ºUL¬XZ\RZ;YNZSP;QVQRZ\ZOQZT;Z\;UPX]LVT;³NZ;Z¬;¬Z°LQ¬PSVO;MP±P;RZ\LSV;Z\;XZ\RZ;VROVQ;UV\UZYRVQ;±;¯Z\²XZ\VQ;SZOL®PSVQ;SZ;¬PQ;UOLYRVXV\ZSPQT;¬P;©Ä;±;¬P;SL°LRP¬LdPUL²\
SZ¬;®P¬VÓ;3¸\°PQZ;Z\;UNZ\RP;P¬;Z¯ZURV;³NZ;¬P;XLQXP;UOLYRVXV\ZSP;³NZ;ZQ;NRL¬LdPSP;ZQYZUN¬PRL®PXZ\RZ;UVXV;L\QRONXZ\RV;SZ;L\®ZOQL²\;YNZSZ;QZO;RPX]Ļ\;XZSLV;SZ;YP°V;±
ROP\Q¯ZOZ\ULP;SZ;®P¬VOT;OZQZO®P;SZ;®P¬VO;V;L\QNXV;SZ;YOVUZQVQ;±;QZO®LULVQ;SL°LRP¬ZQ;^UVXV;¬P;UZORL̄LUPUL²\;SL°LRP¬;SZ;N\;SVUNXZ\RV;V;¬P;XVRVOLdPUL²\;SZ;N\;UV\ROPRV;L\RZ¬L°Z\RZ_´;?\
®ZOSPST;¬PQ;NRL¬LSPSZQ;YVR^ZÅ_\ULP¬ZQ;SZ;¬PQ;UOLYRVXV\ZSPQ;QV\;N\P;¯OV\RZOP;Z\;YZOXP\Z\RZ;Z]N¬¬LUL²\T;Z»YZOLXZ\RPUL²\;±;Z»YP\QL²\´;D;\V;ZQ;OPdV\P]¬Z;XZSLO;RVSPQ;ZQRPQ;NRL¬LSPSZQ
UV\;¬P;XLQXP;®POP;¯LQUP¬´
HZ\QP\SV;Z\;Z¬;;SZ;¬VQ;RLRN¬POZQ;SZ;¬VQ;SLPOLVQT;¬P;¬Z±;PQLXL¬²;¬PQ;XV\ZSPQ;SL°LRP¬ZQ;P;¬VQ;RºRN¬VQ;®P¬VOZQ;UV\;UVRLdPUL²\;Y¹]¬LUP´;D;¬P;RPOZP;SZ¬;L\R¸OYOZRZ;^UVXZ\dP\SV;YVO
Z¬;OZ°¬PXZ\RPSVO_;SZ]ZOºP;QZO;PMVOP;SZ¯L\LO;ZQRZ;UV\UZYRV;¬Z°P¬;YPOP;\V;Z»ROP¬LXLRPOQZ;SZ;ZQP;NRL¬LSPS;SZ;L\®ZOQL²\´;6VQ;RºRN¬VQ;®P¬VOZQ;\V;QV\;\VOXP¬XZ\RZ;NRL¬LdPSVQ;YPOP
OZP¬LdPO;ROP\Q¯ZOZ\ULPQ;L\RZO\PULV\P¬ZQ;^QP¬®V;UNP\SV;MP\;QLSV;\ZUZQPOLVQ;YPOP;QVORZPO;YOVML]LULV\ZQ;UPX]LPOLPQ_T;V;YPOP;OZQZO®P;SZ;®P¬VO;SZ;UVORV;Y¬PdV;±;YP°V;SZ;UV\QNXVQ
YZOQV\P¬ZQ´;3PXYVUV;¬VQ;RºRN¬VQ;®P¬VOZQ;QV\;L\QNXV;SZ;VROVQ;YOVUZQVQT;]LZ\ZQ;V;QZO®LULVQT;XLZ\ROPQ;³NZ;Z¬;;ZQ;\VOXP¬XZ\RZ;NRL¬LdPSV;YPOP;RVSPQ;ZQPQ;¯L\P¬LSPSZQ´
HVO;VROP;YPORZT;Z¬;;UPOZUZ;SZ;¬PQ;UPOPURZOºQRLUPQ;V]ZRL®PQ;ZQZ\ULP¬ZQ;SZ;¬VQ;RºRN¬VQ;®P¬VOZQT;±P;³NZ;\V;RLZ\Z;N\;QNZRV;ZXLQVOT;\V;ZQ;ZXLRLSVT;Z»YOZQPSV;\L;UV\®ZORL]¬Z;Z\
N\P;N\LSPS;SZ;XV\ZSP;SZ;UNOQV;¬Z°P¬;±;\V;ZQ;OZYOZQZ\RPRL®V;SZ;SZOZUMVQ;³NZ;YNZSP\;QZO;ZZOULSVQ;YVO;Z¬;RZ\ZSVO;^QZP;UV\ROP;N\;ZXLQVOT;N\;°POP\RZ;V;QV]OZ;VROVQ;]LZ\ZQ;³NZ
OZQYP¬SZ\;¬P;ZXLQL²\_T;RVSV;¬V;UNP¬;YOV®VUP;VROV;UV\N\RV;SZ;SZQP¯ºVQ;YPOP;Z¬;L\R¸OYOZRZT;³NZ;LOZXVQ;®LZ\SV;P;UV\RL\NPUL²\´
HVO;Z¬¬VT;Z¬;SZQP¯ºV;SZ¬;L\R¸OYOZRZ;PMVOP;ZQ;PQL°\PO;Z¬;R¸OXL\V;<XV\ZSPQ;SL°LRP¬ZQC;QV¬PXZ\RZ;P;¬PQ;<XV\ZSPQ;®LORNP¬ZQC;Z\;UNP\RV;QV\;NRL¬LdPSPQ;UVXV;L\QRONXZ\RV;SZ;L\®ZOQL²\
ZQYZUN¬PRL®P;±;\V;P;¬PQ;<XV\ZSPQ;®LORNP¬ZQC;³NZ;QV\;NRL¬LdPSPQ;UV\;VROPQ;¯L\P¬LSPSZQT;±P;³NZ;°OP®PO;¬PQ;°P\P\ULPQ;±;¬PQ;Y¸OSLSPQ;SZOL®PSPQ;SZ¬;NQV;\V;ZQYZUN¬PRL®V;SZ;¬PQ
XV\ZSPQ;®LORNP¬ZQ;°Z\ZOP;SL̄LUN¬RPSZQ;L\QNYZOP]¬ZQ;SZ;UV\RP]L¬LdPUL²\;L\SL®LSNP¬T;L\Z³NLSPSZQ;±;SZQZUV\VXºPQ;³NZ;Z\RVOYZUZ\;¬P;XZOP;YOVSNUUL²\T;ULOUN¬PUL²\;±;SZQPOOV¬¬V;SZ
QZO®LULVQ;SL°LRP¬ZQ´;?\;SZ¯L\LRL®PT;QZOºP;LOOPdV\P]¬Z;±;®LV¬Z\RPOºP;Z¬;ZQYºOLRN;SZ;¬P;¬Z±;¬P;PQLXL¬PUL²\;YNOP;±;QLXY¬Z;SZ¬;UV\UZYRV;<XV\ZSPQ;SL°LRP¬ZQC;±;<XV\ZSPQ;®LORNP¬ZQC´
9SZXµQ;SZ;¬VQ;UPQVQ;³NZ;\L;QL³NLZOP;Z\ROP\;Z\;Z¬;UV\UZYRV;°Z\ZOP¬LdPSV;SZ;<XV\ZSPQ;®LORNP¬ZQCT;MP±;P¬;XZ\VQ;UNPROV;L\SLUPSVOZQ;³NZ;SZ\VRP\;¬P;NRL¬LdPUL²\;\V;ZQYZUN¬PRL®P;SZ¬
;±;SZXµQ;UOLYRVXV\ZSPQT;±;³NZ;SZ]ZOºP\;QZO;NRL¬LdPSVQ;YPOP;SZ¬LXLRPO;Z¬;µX]LRV;SZ¬;UNP¬;Z»U¬NLO;¬P;PY¬LUPUL²\;SZ¬;LXYNZQRV;P;¬PQ;°P\P\ULPQ8
P_;?¬;L\RZOUPX]LV;SZ;;YVO;]LZ\ZQ;±;QZO®LULVQT;ZQ;SZULOT;QN;NRL¬LdPUL²\;UVXV;XZSLV;SZ;YP°V;V;SZ;L\RZOUPX]LV´
]_;?¬;UPX]LV;SZ;;YVO;XV\ZSP;SZ;UNOQV;¬Z°P¬;V;SL®LQPQ;Z\;VYZOPULV\ZQ;SZ;YVUV;XV\RV´
U_;?¬;UPX]LV;SZ;;YVO;XV\ZSP;SZ;UNOQV;¬Z°P¬;V;SL®LQPQ;Z\;¬PYQVQ;]OZ®ZQ;Z\ROZ;¬P;PS³NLQLUL²\;±;Z\PZ\PUL²\´
S_;6P;NRL¬LdPUL²\;SZ¬;;UVXV;L\QNXV;SZ;N\;YOVUZQV;YOVSNURL®V;V;SZ;QZO®LULVQ´
!"#$2%&'&%2(2)'$2450*504+03,43-05,)'$./0#&!'$12"% 02*
012324545 678
78 768 6
6
8 7 678
78
7
78
34567894:64;<64<=4OPQRSPT4674>?@6ABC8D6=A64B:E=ABF>484>A9>4OPQRSPT4G4C8H64G47B9C6458984H>4DB7D>I4<=84F>=F65A<8HBJ8FBK=4:B=LDBF8I4F6=A98:846=4H84<ABHBJ8FBK=46M6FABC84:6H4OPQRSPTI
6745>7B?H6N
U89846CBA894V98C89467A>74<7>74:6H4OPQRSPT4G4>A9874F9B5A>D>=6:874:6?69W84:6MB=B97646H4AE9DB=>4XD>=6:874:BVBA8H67YI4967A9B=VBE=:>H>47>H8D6=A6484H874XD>=6:874CB9A<8H67Y4F<G8
6=8@6=8FBK=4764968HBF6484F8D?B>4:64:B=69>I4:BCB7874<4>A9>74C8H>967I45>946=FBD84:64<=4:6A69DB=8:>4BD5>9A64G46=46ZF67>4:64<=4:6A69DB=8:>4H857>4:64A6=6=FB8I4G46=4A8=A>4=>4768=
6=8@6=8:8746=4M>9D848FF67>9B84>4F>D>4B=7<D>4:64<=459>F67>459>:<FABC>4>4:64769CBFB>7N
[84:6MB=BFBK=4:64XD>=6:874CB9A<8H67YI45>947<4589A6I4:6?69W84A>D894H84:64H84967>H<FBK=4\]^_`4abbcdbefI4F>=4H8746ZFH<7B>=6748:BFB>=8H67459>5<67A8745>94H84g8AB>=8H4h>=M696=F64>M
h>DDB7B>=6974>=4]=BM>9D4iA8A64[8j74\G4A8H4C6J48HV<=84>A98`N
k6467A84M>9D84764H>V984HBDBA8946H4BD5<67A>484H>4;<6467A9BFA8D6=A64?<7FK4V98C894H84H6GI4;<64M<64H8496=A84MB=8=FB69846756F<H8ABC8I4G4764DB=BDBJ84H84H8D6=A8?H64F89V846ZF6:6=A64;<6
A6=:9W84<=845>HWABF84MB7F8H4;<64:67B=F6=ABC64H84V6=698HBJ8FBK=4:6H4<7>4:64H874D>=6:874CB9A<8H674G4:6H4:67899>HH>4:64H84F8996984A6F=>HKVBF84G4MB=8=FB6984G4:64H84B=FH<7BK=4MB=8=FB6984:6
H84V98=45>?H8FBK=46ZFH<B:84:6H47B7A6D84?8=F89B>I4A>:>4H>4F<8HI46=467A64F8D5>I496FBE=467AL4F>D6=J8=:>N
lllmnmlopqrstumvrwqxyz
{|}|m~mmm
m
H4=<6C>4BD5<67A>4F6:<H894764F8HF<H84F>=4F87B4A>A8H4B=:656=:6=FB8496756FA>4:64H874:6DL74=>9D874:64:6A69DB=8FBK=4:64V8=8=FB874:64H84H6GN4h>D>4B:684V6=698HI4596A6=:64V98C89
H87496=A874:64M<6=A6489V6=AB=84:64AB5>4MB=8=FB69874G4H874:69BC8:874:64H84F>D598C6=A84:648FABC>74MB=8=FB69>7464B=D>?BHB89B>7I4>?A6=B:8745>94B=:BCB:<>7N\`
=46H4h85WA<H>4^^4:6H4WA<H>4^4:64H84H6G4764B=FH<G6=46=467A84F8A6V>9W848`496=:BDB6=A>74:64H84F>H>F8FBK=4:64F85BA8H4\CNV9N4B=A696767`4?`4:BCB:6=:>74F`4967<HA8:>745>94F>D598C6=A8
:64AWA<H>74G4C8H>967I4:>=:64764B=FH<G6=4H874D>=6:874:BVBA8H67I4G4:`4967<HA8:>745>94A98=7M696=FB84:64B=D<6?H67N
[874?87674BD5>=B?H6748HF8=J8:8745>9467A64BD5<67A>4F6:<H8948:DBA6=47KH>4H84:6:<FFBK=4:64H>74F>7A>74:648:;<B7BFBK=4G4H>74V87A>74:B96FA84>4B=:B96FA8D6=A6496H8FB>=8:>74F>=4H87
96756FABC874\`
V8=8=FB87I4G4<=84=BF84:6:<FFBK=46756FB8H4BV<8H48H4DW=BD>4=>4BD5>=B?H64\8FA<8HD6=A64:644eN45>948>`N4g>48:DBA64:6:<FFB>=6745697>=8H674=B4V6=698H674\89AN
bN^I4[^` N4[>74;<6?98=A>747>=4F>D5<A8?H674=BF8D6=A64F>=A984V8=8=FB874:64H84DB7D84FH8764G4M<6=A64\89A7N4e4G4eaI4[^`N4[874V8=8=FB874764BD5<A8=45>946H4F9BA69B>4:64H>
569FB?B:>4\89AN4eI4[^`N
[8748HWF<>A874C89W8=476V=4H>74:B7AB=A>74AB5>74:64V8=8=FB8746=4H84D8G>9W84:64H>74F87>74674:6H4eI4569>476496:<F648H4458984B=A6967674G4:BM696=FB874:64F>D598C6=A84:6
:65K7BA>74G4AWA<H>746=4567>7I47B=4FHL<7<H84:648@<7A645>94B=MH8FBK=4\89AN4bN^I4[^`I4G4674:6H4ea47>?964H>74:BCB:6=:>74\89AN4bN^^^I4[^`N
{||mxmm
mmm
m
[874D>=6:874:BVBA8H674;<6:8=48HF8=J8:8745>9467A64BD5<67A>4F6:<H89484<=848HWF<>A84MB@84G4=BF84:6H4eI485HBF8?H647>?964H874V8=8=FB874=6A874:64M<6=A6489V6=AB=84>?A6=B:8745>9
B=:BCB:<>745>94H874XS£¤¥¦RPST¤§¨©¤¨¤T¦ª¤T¦RP«T¨©¤¨¬¨ST¤©¦§¨©P®PQ¦¤̄§YI46=4A8=A>4768=467A8746DBAB:874X¤T¨ST¤©¦¨T¦RPST¦¯¨RST¨R°̄±§±¯¦¨©¤¨¦ª±§Q¤¨S¨¤T¨ST¤©¦¨¤²Q¥¦Tª¤¥¦Y4¡89AN
bN^I4B=FN4?`I4[^¢N
g>4764B=FH<G6=46=467A84F8A6V>9W84F6:<H894:64V8=8=FB874H874:69BC8:874:64H846=8@6=8FBK=4:64D>=6:874:BVBA8H6746DBAB:8746=4D>=6:84=8FB>=8H47B=4FHL<7<H84:648@<7A6\`4G4H874;<6
768=4:64M<6=A646ZA98=@698N4i>?96467A874HABD874D64>F<5>46=46H4F85WA<H>47BV<B6=A6N4i>?964H874D>=6:8746DBAB:8746=4567>7I47B=4FHL<7<H84:648@<7A6I4:6?64B=A69596\eb` A89764;<6467AL=
BV<8HD6=A648?89F8:8746=4H846Z5967BK=4X©¤°§¨³¦S̄¥¤§Y4¡89AN4bN^I4B=FN48`I4[^¢I4G4V98C8:>74H>74967<HA8:>745>94F>D598C6=A848H4I4569>4H8496:8FFBK=4674B=FB69A8N
[84V8=8=FB84?9<A84764>?AB6=64X©¤©±RP¤T©S¨©¤¯¨£¥¤RPS¨©¤¨Q¥¦T§´¤¥¤TRP¦¨¤¯¨RS§QS¨©¤¨¦©µ±P§PRP«TYI47B=4B=FH<B948FA<8HBJ8FB>=674=B4:BM696=FB874:64F8D?B>4¡89AN4bN^I4B=FN4B̀I4[^¢N4[8
?8764BD5>=B?H64=6A84:6:<F64A8D?BE=4H>74X®¦§QS§¨©P¥¤RQ¦¨S¨PT©P¥¤RQ¦¤TQ¤¨¥¤¯¦RPST¦©S§Y4\89AN4bN^I4[^`N
U8984F>D596=:6946H4<=BC697>4V98C8:>4674=6F6789B>4B=A69596A89459BD69>4F<L=:>4764F<D5H6=4H874:>74F>=:BFB>=674596CB87458984F86946=467A64BD5<67A>4F6:<H894e`4;<64V6=696=
V8=8=FB874:64M<6=A6489V6=AB=8I4G4d`4;<64768=46DBAB:8746=4D>=6:84=8FB>=8H4>46=4D>=6:846ZA98=@698N
¶·¸·¹·º»¼½¾¿½ºÀÁ½¾¿Ã¾À
[84:6MB=BFBK=4H6V8H4:64H84M<6=A64967<HA84B=7<MBFB6=A6458984H>F8HBJ8948:6F<8:8D6=A64D<FÄ874:64H874>5698FB>=674;<64764968HBJ8=4F>=4OPQRSPTN
7A84F<67ABK=4=>7496DBA6I459BD69>I48H489AWF<H>44:64H84H6GI4;<646756FBMBF846H4A98A8DB6=A>4:64M<6=A6489V6=AB=84:64H874D>=6:874:BVBA8H67458984H>74F87>746=4;<646H46DB7>94X§¤
¤TR±¤TQ¥¤¨©SPRP̄P¦©SŨRST§QPQ±P©S¨S¨¥¦©PR¦©S¨¤T¨¯¦¨Æ¤£ÇOP̄R¦¨È¥®¤TQPT¦YI4G48V96V8I496756FA>4:64H>74F69ABMBF8:>74:64:65K7BA>4:64C8H>9674G48FFB>=674;<64764F>D69FB8HBJ8=46=4M>9D8
B=:656=:B6=A6I4;<64=>4B=A696784F<LH476846H4H<V894:646DB7BK=4:64:BFÄ>74F69ABMBF8:>749659676=A8ABC>74=B46H4H<V894:6H4:65K7BA>4:64H>74C8H>967N
É6DBAB97648H4:>DBFBHB>4:6H46DB7>94674<=4:8A>496H6C8=A64F<8=:>4764A98A84:648FFB>=674G4:64>A9>74AWA<H>74C8H>967I45<6746H46DB7>946747B6D5964<=47<@6A>4F>=>FB:>4G4=6F6789B>N4H
6DB7>946746H47<@6A>4>?HBV8:>48496F>=>F694H>74:696FÄ>74;<646H4AWA<H>49659676=A8I4768=4:696FÄ>74:648FFB>=B7A84>4:648F966:>9N498AL=:>764:64D>=6:874:BVBA8H67I46=4F8D?B>I46H
:>DBFBHB>4:6H46DB7>94674<=4:8A>4BD5>7B?H646=46H4F87>4:64H874F9B5A>D>=6:87I4;<647>=46DBAB:8746=4M>9D84:67F6=A98HBJ8:8I4:>=:64=>46ZB7A646DB7>94=B47<@6A>4>?HBV8:>45>946H4C8H>9
6DBAB:>N
[>74DB=69>74:64OPQRSPT4=>47>=4H>746DB7>9674:64H>74=<6C>74OPQRSPT4;<64>?AB6=6=45>946H46@69FBFB>4:64:BFÄ848FABCB:8:I4G84;<647<49>H46747<7A8=FB8HD6=A64B=F>D5898?H64F>=46H45856H
:6H46DB7>94:64<=4AWA<H>4C8H>9N4=46M6FA>I4589846H4DB=69>I4H874F9B5A>D>=6:874=<6C874;<6496FB?647>=4H8496A9B?<FBK=48<A>DLABF84;<64H64>A>9V846H47B7A6D84\=>4<=845697>=8I47B=>4H8
5H8A8M>9D84OS̄RÊR˦PT`45>947<4A98?8@>4:64967>H<FBK=4D8A6DLABF84:64H>748HV>9BAD>7I4;<64569DBA646M6FA<894H8496VB7A98FBK=4:64F8:84=<6C>4?H>;<64:64B=M>9D8FBK=N4]=84C6J496FB?B:87
5>946H4DB=69>I4H874F9B5A>D>=6:8747>=4V<89:8:874>4=6V>FB8:87I484H845894:64H874:6DL74<=B:8:67I4:64H874F<8H674H874=<6C874=>4764:BM696=FB8=46=4=8:8476V=4;<BE=4H874Ä8G8
>?A6=B:>N4H4DB=69>4=>487<D64=B=V<=84>?HBV8FBK=45>94H>74OPQRSPT4;<64DB=84>4;<64C6=:6N4U>946H4F>=A989B>I4H84=<6C84<=B:8:46748HV>4;<646H4DB=69>496FB?64:6H47B7A6D845>94<=4A98?8@>
596CB>I4=>48HV>4;<64EH4>M96F648H45?HBF>484F8D?B>4:64<=4C8H>94G49659676=A8ABC>4:64<=84>?HBV8FBK=4M<A<9845>947<4589A6N
34:BM696=FB84:6H4OPQRSPT4G4:64H874F9B5A>D>=6:874DL74F>=>FB:87I46ZB7A6=48HV<=>748FABC>74:BVBA8H674;<647W4AB6=6=4<=46DB7>94F6=A98HBJ8:>I4>48H4D6=>74<=4>9V8=BJ8:>94B=7ABA<FB>=8HN
746H4F87>4:6I45>946@6D5H>I4H874F9B5A>D>=6:874^>A8\ee`I4ÉB55H6\ed`4>I46=4H8439V6=AB=8I4Ì>=6:84U89\ea`N4U69>4A8D5>F>46=467A>74F87>746H46DB7>94<4>9V8=BJ8:>9487<D64H87
>?HBV8FB>=674AW5BF874:64<=46DB7>94:64C8H>967I45>94H>4;<64:BMWFBHD6=A64768=487BDBH8?H67N4i64A98A84DL74?B6=4:64>9V8=BJ8:>967I4;<645>=6=46=4FB9F<H8FBK=4C8H>9674:BVBA8H67I4;<645>947<
<ABHB:8:4B=A9W=76F84>45>945<9846756F<H8FBK=48:;<B696=4H<6V>4C8H>946=4H>74D69F8:>7N
kB7AB=A>46746H4F87>4:64H>74C8H>9674F9B5A>V9LMBF>74\XQSʤTY`46DBAB:>7484A98CE74:64<=846DB7BK=4B=BFB8H4:64D>=6:874\X^hÍY4>4XPTPQP¦¯¨RSPT¨S´´¤¥PT®Y`45898496F8<:894M>=:>7458984<=
59>G6FA>4:6A69DB=8:>I4G4;<647>=4F>H>F8:>74>4C6=:B:>748H45?HBF>484F8D?B >4:64<=8459>D6784:64<=496=:BDB6=A>I4<ABHB:8:4>4589ABFB58FBK=4M<A<9846=46H4F85BA8H4\X§¤R±¥PQϨQSʤTY`4>46=
H>74769CBFB>74\X±QP̄PQϨQSʤTY`4;<64965>9A89L4>4?9B=:89L4:BFÄ>459>G6FA>\ef`N4g>4674FH89>4;<64H>74QSʤT4:64<=84^hÍ4C8G8=484;<6:894:6=A9>4:6H4F>=F65A>484:6MB=B94:64XD>=6:87
:BVBA8H67YI45<674F8HBMBF89W8=4DL74MLFBHD6=A64F>D>4XC8H>967Y4\8H4D6=>746=46H4F87>4:64H>74§¤R±¥PQϨQSʤT`N4U69>45>:9W8=467A89H>I4G4Î6=4F<8H;<B694F87>Î4:64A6=6947<46DB7>94:>DBFBHB8:>
6=4H8439V6=AB=8I4V6=6989W8=4V8=8=FB874:64M<6=A6489V6=AB=845>947<74>5698FB>=674:64F>D598C6=A8N
[8467F8784<ABHB:8:4:64H8485HBF8FBK=4:64H8496VH84:64M<6=A64\89AN4I4[^`458984H874F9B5A>D>=6:874=>74HH6C84848F<:B9484H8496VH84V6=698HI4F>=A6=B:846=46H489AWF<H>44:64H84[^I476V=4H8
F<8H47>=4V8=8=FB874:64M<6=A6489V6=AB=84H874;<6459>C6=V8=4:6
8`4?B6=6747BA<8:>7I4F>H>F8:>74>4<ABHBJ8:>746F>=KDBF8D6=A646=4H8439V6=AB=8
?`4H84968HBJ8FBK=46=4H8439V6=AB=84:64F<8H;<B6948FA>4>48FABCB:8:47<7F65AB?H64:6459>:<FB94<=4?6=6MBFB>
F`4Ä6FÄ>74>F<99B:>746=4H8439V6=AB=8N
3V96V84H84H6G4;<64=>4BD5>9A846H4:>DBFBHB>4:6H4ABA<H89I4:64H874589A674B=A69CB=B6=A6746=4H874>5698FB>=674=B46H4H<V894:64F6H6?98FBK=4:64H>74F>=A98A>7N
8D5>F>4674HB=68H4H8485HBF8FBK=4:6467A8496VH84V6=698H4:64M<6=A6496756FA>4:64H874D>=6:874:BVBA8H67I4G84;<64=>47B6D59645<6:64:6FB9764:K=:6467AL=47BA<8:87I4F>H>F8:874>
<ABHBJ8:87I4=B4F<LH6745>:9W8=476948FA>74>48FABCB:8:674>4Ä6FÄ>7496H6C8=A674;<64764968HBF6=4847<496756FA>46=4H8439V6=AB=84>46=4>A984589A64:6H4D<=:>N
[874:>74M>9D874DL74F>D<=674:645>76694OPQRSPT47>=I4>4?B6=4F>=>F694H84FH8C6459BC8:84;<6496;<B6964H84OS̄RÊR˦PT458984:B75>=69H>7\e`I4>4?B6=4D8=A6=694H>74OPQRSPT46=4:65K7BA>4:6
<=4D69F8:>4\X¤²R˦T®¤Y4>4F8784:64F8D?B>`\e`4>4:64<=4F<7A>:B>I484;<B6=4764:6H6V846H4:>DB=B>4:64H84FH8C6459BC8:8N
=46H459BD694F87>I4H>74OPQRSPT4;<6467AL=496VB7A98:>746=4H84OS̄RÊR˦PT4G484F<G>45>:694:64:B75>7BFBK=48FF6:64:B96FA8D6=A647<4ABA<H89484A98CE74:64<=84?BHH6A69845697>=8H4>4:B75>7BABC>
6H6FA9K=BF>I45>946H4:>DB=B>4;<64AB6=64:64H84FH8C6459BC8:8I4=>467AL=47BA<8:>7I4F>H>F8:>74=B4<ABHBJ8:>746F>=KDBF8D6=A646=4=B=V=4H8:>46=4589ABF<H89N47AL=46=4<=8496:4CB9A<8HI
:B7A9B?<B:84G4965HBF8:846=4D<FÄW7BD>74=>:>746=4H8439V6=AB=84G46=46H4D<=:>N474BD5>9A8=A646=A6=:694;<64H84OS̄RÊR˦PT467AL4W=A6V98I4F>=4A>:847<4B=M>9D8FBK=4ÄB7AK9BF84:64A>:87
H874A98=78FFB>=674968HBJ8:87I46=4F8:84=>:>4;<64H84?8@6N4gB47B;<B6984674=6F6789B>47694DB=69>458984?8@894<=4=>:>4:64H84OS̄RÊR˦PT4:64OPQRSPTN4iBD5H6D6=A64Ä8G4;<6487BV=894<=8
<=B:8:4:648HD8F6=8@6I4;<64?B6=45<6:647694<=84F>D5<A8:>9845697>=8HI4G4:6@89H84F>99B6=:>458984;<647684569D8=6=A6D6=A647B=F9>=BJ8:84G4XV<89:6Y4H84B=M>9D8FBK=4:64H>7478H:>74G
FB9F<H8FBK=4:64A>:>74H>74OPQRSPT46DBAB:>7N4CB:6=A6D6=A6I4Ä8G4DL74=>:>74M<6984:64H8439V6=AB=84;<646=4H8439V6=AB=8I4569>4A>:>747>=4BV<8HD6=A64CLHB:>7464W=A6V9>7N474:6FB94;<64H8
96VH84:64H84H>F8HBJ8FBK=4:6H4?B6=4674B=ABH458984:6A69DB=894H84M<6=A64:64H>74OPQRSPT4;<647>=4D8=A6=B:>7484AWA<H>459>5B>46=4H84OS̄RÊR˦PTI45>94H>4;<646=467A>74F87>7I458984:6A69DB=89
H84M<6=A6I4Ä8?9L4;<648F<:B9484H8496VH84:64H84968HBJ8FBK=4:64XR±¦µ̄±P¤¥¨¦RQS¨S¨¦RQP³P©¦©Y4>4:64XˤRËS§¨SR±¥¥P©S§Y46=4H8439V6=AB=8N437WI4769W8=4:64M<6=A6489V6=AB=84H84V8=8=FB8
>?A6=B:845>94H846=8@6=8FBK=4:64OPQRSPT4DB=8:>746=4H8439V6=A B=8I4>4?B6=48:;<B9B:>746=4H8439V6=AB=845>94F<8H;<B694>A9848FABCB:8:4;<64=>476847<4D6984F>D5984>4C6=A8I4F>D>4769W84H8
F>=A985967A8FBK=4:64<=848FABCB:8:4F>D69FB8H4>4:64\7e` 69CBFB>7\e`N4H4CB6@>4F>=F65A>4:64XÄ8?BA<8HB:8:Y45>:9W84769CB9458984H>F8HBJ894H84M<6=A64:64H874V8=8=FB8746=4H8439V6=AB=8I45>94769
6H4H<V894:>=:64764968HBJ84:BFÄ848FABCB:8:4Ä8?BA<8HN
=46H476V<=:>4F87>4\OPQRSPT4;<6467AL=46=4:65K7BA>4>4V<89:84:64<=4A69F69>`I4H84H>F8HBJ8FBK=4:64H>748FABC>74:6?69W84F>B=FB:B94F>=46H4H<V894:6H4:>DBFBHB>4:6H4:65>7BA89B>4>4F>=46H4H<V89
:64V<89:84:64H84FH8C646=48;<6HH>74Î989>7Î4F87>74:64V<89:84MW7BF8N4[84D8G>9W84:64H>74¤²R˦T®¤§4G4F<7A>:B>7467AL=46=46H46ZA69B>9I47>=4MB9D874F>=7ABA<B:8746=458W7674:64?8@8
BD5>7BFBK=4G4AB6=6=47<74769C\Be`
:>96746=48HV=4H<V894:6H4D<=:>4:67899>HH8:>4\B=M>9D8FBK=4;<64=>46745?HBF8`N4Ð8G4A8D?BE=4¤²R˦T®¤§4G4F87874:64F8D?B>4:>DBFBHB8:>74G4>5698=:>
8FABC8D6=A646=4H8439V6=AB=8 I4569>4H>74:64DL74C>H<D6=4:64>5698FB>=674=>47646=F<6=A98=46=46H458W7\db`N4U<674?B6=I4H874C6=A874:64F9B5A>D>=6:874:65>7BA8:8746=4¤²R˦T®¤§46=
6H46ZA69B>945>:9W8=47694V6=698:>9874:6496=A84:64M<6=A646ZA98=@698I47B4764F>=7B:6984;<646=4A8H674F87>74H>74?B6=674\H>74OPQRSPT`47646=F<6=A98=4F>H>F8:>74>4<ABHBJ8:>7
6F>=KDBF8D6=A646=46H46ZA69B>9N4[846=8@6=8FBK=4:64OPQRSPT4:65>7BA8:>746=4<=4F<7A>:B>4>4¤²R˦T®¤4:>DBFBHB8:>46=4H8439V6=AB=84V6=6989W8I47B=4:<:8I4V8=8=FB84:64M<6=A6489V6=AB=8N
ÌL74:BMWFBH4769L4:6A69DB=894H84M<6=A64:64H874>5698FB>=674:646=8@6=8FBK=4:64OPQRSPT4;<647B6D5964Ä8=467A8:>46=4H84OS̄RÊR˦PT4?8@>46H4:>DB=B>4:647<4ABA<H89I4569>4;<647>H>4589847<
C6=A847>=4A98=7M69B:>7484<=4¤²R˦T®¤4:6H46ZA69B>9N4g>45896F64HKVBF>4;<646H4D69>4Ä6FÄ>4B=7A8=AL=6>4:64A98=7M69B94H>74OPQRSPT484<=4¤²R˦T®¤4589847<4=6V>FB8FBK=45<6:84769
7<MBFB6=A6458984F8D?B894H8498:BF8FBK=4:64H84M<6=A6I4569>4A8D5>F>46ZB7A64<=4589LD6A9>4>?@6ABC>4\CNV9N4F8=AB:8:4:64:W874:65>7BA8:>46=46H46ZA69B>9`4F>D>458984:6A69DB=894F<L=:>46H
:65K7BA>46=46H46ZA69B>945878484769496H6C8=A6N
!"#$2%&'&%2(2)'$2450*504+03,43-05,)'$./0#&!'$12"% 42*
012324545 678
78 768 6
6
8 7 678
78
7
78
4567859:;<=:>5?@A5BC8D>E?59CECB6:A?B5>?5;DCAEC5CA5C>5=?8F59C5^_`ab_c56?AECA:9F85CA5>?5^dbaeafg_c5G?HF5C>59F6:A:F59C58D5E:ED>?BI5J5CA?HCA?9F85CA5C>5K?<8I59:BC=E?6CAEC5?5FEBF
E:ED>?BI58C?5C8EC5BC8:9CAEC5F5AFL54?59:HC5MDC5>?85=?B?=ECB<8E:=?859C5>?5^dbaeafg_c5AF5KCB6:ECA5?8F=:?B5>?5ECACA=:?59C5^_`ab_c5?5DA5>DN?B5;<8:=F59CECB6:A?9FL5OFA5>F5=D?>I5C>5=?8F
:A9:=?9F5AF859CH?B<?58F>?6CAEC5=FA5C>59F6:=:>:F59C>5BC8:9CAEC5J5C>5>DN?B59C5>?5CA?HCA?=:PA5=F6F59?EF85NCFNB7;:=F8L5QCBF5>?5>CJ5?=>?B?5CRKBC8?6CAEC5MDC5A:5>?5A?=:FA?>:9?9I
9F6:=:>:F5F5BC8:9CA=:?I5A:5C>5>DN?B59C5=C>CGB?=:PA59C5>F85=FAEB?EF859CGCA58CB5ECA:9F85CA5=DCAE?5?5>F85C;C=EF859C59CECB6:A?B5>?5;DCAEC5?BNCAE:A?5S?BEL5TI5@>E:6?5K?BECI5UVWXL5Q?B?
6?JFB5=F6K>CH:9?95:AECBKBCE?E:Y?I5E?6KF=F58C5KDC9C59C=:B5MDC5CA5C8EF85=?8F85>?5CA?HCA?=:PA5KDC9?58CB5?8F=:?9?5?>5CRECB:FB5J5NCACB?B5BCAE?5CREB?AHCB?I5KDC85>?5BCN>?59C>5?BE<=D>F
hij59C5>?5UVW5C85CA5C8EC5KDAEF58:6ZEB:=?5?5>?59C>5?BE<=D>F5T59C5>?5UVW5MDC5C8E?6F85:AECBKBCE?A9FL5[AEFA=C8I5AF5\?J5>DN?B59C5=F>F=?=:PA5F5DE:>:]?=:PA5C=FAP6:=?59C5>F85^_`ab_cI5J
>F859C6785KF8:G>C85C>C6CAEF858FA5:BBC>CY?AEC8L
U?5=FA8C=DCA=:?59C5C8E?5:A9C;:A:=:PA59C5;DCAEC5KF9B<?58CB59CH?B5?5EF9?85C8E?85FKCB?=:FAC85;DCB?59C>576G:EF59C5>?5>CJI5C859C=:BI5AF5NB?Y?B>?8I5F5G:CA5MD:E?B>?858F>?6CAEC59C>
=?K<ED>F59C>5:6KDC8EF5=C9D>?B5J5=FA8:9CB?B>?85NB?Y?9?85KFB5C>5BZN:6CA5NCACB?>5J5>?5C8=?>?5KBFNBC8:Y?59C>5?BE<=D>F5klI5KB:6CB5K7BB?;FI59C5>?5UVWL5U?5:AECBKBCE?=:PA5AF5C858CA=:>>?I
KDC85K?B?5C>5?BE<=D>F5h59C5>?5UVW5>F858DHCEF85BC8:9CAEC85CA5C>5K?<859CGCA5EB:GDE?B5mob^pqrdgr`b`gd_sgsrsqrdgortgcgca_gorb^`qc_sgorqcrqdrugvorbrqcrqdrqw`qp_bpnI5J58:5C8E?5CRKBC8:PA
9CGC5:AECBKBCE?B8C5=F6F58:APA:6F59C5mtgcgca_gorsqrxyqc`qrgptqc`_cgrbrsqrxyqc`qrqw`pgczqpgnI5>?85N?A?A=:?858:A5;DCAEC59:BC=E?6CAEC5AF5C8E7A5=?KEDB?9?85KFB5>?5>CJL
U?5:6KBC=:8:PA59C>5ECREF5>CN?>5C85KBCF=DK?AECL5{FGBC5EF9F5KFBMDC5C8EFJ5EB?E?A9F5DA?59C5>?85;FB6?856785FB9:A?B:?5J58CNDB?59C5KF8CCB5J59C5CA?HCA?B5^_`ab_cL5[85:A=:CBEF58:5>?
BCN>?6CAE?=:PA5KF9B758DKCB?B5C8EC5=FA;>:=EF5F5>?NDA?5CA5;FB6?5?9C=D?9?I5B?]FA?G>C5J58:A5Y:F>CAE?B5>?5BCN>?59C5>?5>CN?>:9?9L
[A5BC8D6CAI5NCACB?B<?A5N?A?A=:?59C5;DCAEC5?BNCAE:A?5>?5CA?HCA?=:PA59C56FAC9?859:N:E?>C858F>?6CAEC5CA5>F858:ND:CAEC85=?8F8|
?X5>?856FAC9?859CKF8:E?9?85CA5DA5ECB=CBF59F6:=:>:?9F5CA5>?5}BNCAE:A?5J
GX5>F85`beqc5C6:E:9F85CA5DA?5VO~5KFB5DA5C6:8FB59F6:=:>:?9F5CA5>?5}BNCAE:A?L
UF859C6785=?8F85KBF9D=:B<?A5N?A?A=:?59C5;DCAEC5CREB?AHCB?I5F5AF58CB<?A5:6KDE?G>C85?5;DCAEC5?>NDA?I5J5KFB5C>>F5AF5C8E?B<?A5?>=?A]?9F85KFB5C>5ADCYF5:6KDC8EF5=C9D>?B5C8
9D9F8F58:5C8E?B<?A5?>=?A]?9?85F5AF5KFB5C>5:6KDC8EF5?5>?85N?A?A=:?8L
OFA5KF=F5E:AF5BC8KC=EF59C5>?856FAC9?859:N:E?>C8I5C>5?BE<=D>F5klLVI5:A=:8F5GXI59C5>?5UVW5:A=>DJC5CA5>?59C;:A:=:PA59C>5\C=\F5:6KFA:G>C5>?5CRKBC8:PA5mqcr`bsbordboragoborqcrbcqsg
cga_bcgdrabcradyoydgrsqrgzyo`qrbrqcrbcqsgrqw`pgczqpgnL5}5C8E?5CRKBC8:PA5>C5;?>E?5C>5YCBGFI5MDC5KF9B<?5:A;CB:B8C5=F6F5mC6:E:9?8nL
{:5>?59CECB6:A?=:PA59C5>?5;DCAEC5C859:;<=:>5J5AF58:BYC5\?=CB>F58CN@A5>?5BCN>?5>CN?>5K?B?5>F85E<ED>F85Y?>FBC85S9F6:=:>:F59C>5C6:8FBXI59CECB6:A?B5>?56FAC9?59C5C6:8:PA59C5DA?56FAC9?
9:N:E?>5C859:BC=E?6CAEC5:6KF8:G>CL
[>5^_`ab_c5C85DA5Y?>FB5CA58<56:86FI5AF5C85C6:E:9F5CA56FAC9?5?>NDA?I5AF5E:CAC5BC8K?>9F5A:5N?B?AE<?59C5A?9:CI5AF5=FAE:CAC5KBF6C8?5A:5FG>:N?=:PA59C5MDC5?>ND:CA5>F5\?GB759C
=?6G:?B5F5BC9:6:B5KFB56FAC9?5A?=:FA?>5F5?>NDA?59:Y:8?L5[>5Y?>FB59C>5^_`ab_c5C85:AEB<A8C=FI5C85=F6F5C>5FBFL5{F>F5Y?>C5KFB5>?5?=CKE?=:PA5YF>DAE?B:?5MDC59C5Z>5\?=CA58D85?9MD:BCAEC8
J59CKCA9C59C5>?5=F6G: A?=:PA59C>5:AECBZ85C8KC=D>?E:YF59C>56CB=?9FI59C5>?5DE:>:9?95KB7=E:=?I5?=ED?>5F5KFECA=:?>I5MDC5E:CAC5C>5^_`ab_c5K?B?5?>NDAF85?=EFBC85J59C>5B:E6F59C5>?5ADCY?
C6:8:PA5FB:N:A?B:?LSihX
QFB5C>>FI5\?G>?B59C56FAC9?59C5C6:8:PA5=?BC=C59C58CAE:9F5CA5C8EF85=?8F8L
}59:;CBCA=:?59C>5^_`ab_cI5>F85`beqc5C6:E:9F85CA5DA?5VO~5KDC9CA5FEFBN?B5?>5ECAC9FB5DA59CBC=\F5CHCB=:G>C5=FAEB?5C>5C6:8FBL5?>C859CBC=\F85KDC9CA58CB58D5=FAYCB8:PA5KFB5DA?
=B:KEF6FAC9?5CR:8ECAEC5F5MDC5C>5KBFK:F5KBFJC=EF58C5KBFKFAC5C6:E:B5CA5C>5;DEDBFI5KDC9C58CB5C>59CBC=\F5?5DE:>:]?B59CECB6:A?9F858CBY:=:F85MDC5C>5C6:8FB58C5KBFKFAC5FBN?A:]?BI5F
KDC9C58CB5E?6G:ZA5C>5K?NF59C58D6?85;:H?85F5Y?B:?G>C85CA5?>NDA?56FAC9?5F59:Y:8?L5{:5G:CA5>?5C6:8:PA59C5`be qc5CA56FAC9?5AF5C85>F5D8D?>I5ECPB:=?6CAEC5KF9B<?5CR:8E:BL5[8EF858CB<?A
>F85@A:=F85=?8F85CA5MDC5KF9B<?5\?G>?B8C59C56FAC9?859:N:E?>C85C6:E:9?85CA56FAC9?5A?=:FA?>5F5CREB?AHCB?LSiiX
[>5\C=\F59C5MDC5>F85^_`ab_c5AF58C?A5C6:E:9F85A:5CA56FAC9?5A?=:FA?>5A:5CREB?AHCB?I5J5>?5=FAEDA9CAEC5CRKBC8:PA59C5C8E?5AFB6?5CA5?A7>:8:85Smqcr`bsbordboragobonXI59C8?;<?5?>
:AEZBKBCEC5?5?>NDA?59C5>?858:ND:CAEC85FK=:FAC8|
?X5U?85N?A?A=:?85KFB5CA?HCA?=:PA59C5^_`ab_c5J5FEB?85=B:KEF6FAC9?85ADA=?5C8E7A5?>=?A]?9?85KFB5C>5:6KDC8EF5=C9D>?BI59C5>F5=D?>58C59CB:Y?B<?5MDC5>?85N?A?A=:?859C5;DCAEC
?BNCAE:A?5KFB5CA?HCA?=:PA59C5^_`ab_c5C8E7A5NB?Y?9?85KFB5C>5:6KDC8EF5BC?>6CAEC5KBFNBC8:YF59C>5KB:6CB5K7BB?;F59C>5?BE<=D>F5kl59C5>?5UVW5S>?5?><=DFE?5;:H?59C>5hT58C5?K>:=?58F>F5?
N?A?A=:?859C5;DCAEC5CREB?AHCB?XL
GX5[>5^_`ab_c5J5>?856FAC9?859:N:E?>C858C5=FA8:9CB?A5CA59P>?BC85KDC85E?>5C85>?56FAC9?5NCACB?>:]?9?5CA58D576G:EF59C5=F6CB=:?>:]?=:PA56785CRECA9:9F5S>F85qwafgctqo5CA5><AC?XL
QF9B<?5>>CN?B8C5?5C8E?5=FA=>D8:PA5?=>?B?A9F5MDC5C>5YCBGF5;?>E?AEC5CA5C>5?BE<=D>F5klLVI5:A=:8F5GXI59C5>?5UVW5AF5C85mC6:E:9?8n58:AF5?>NF5?8<5=F6F5mNCACB?>6CAEC5=F6CB=:?>:]?9?8nL
[A5C>5KB:6CB5=?8F5MDC5C85C>56785=F6K?E:G>C5=FA5>?5>:ECB?>:9?959C5>?5AFB6?I5>?85N?A?A=:?85KFB5CA?HCA?=:PA59C5^_`ab_c58CB<?A59CECB6:A?9?85KFB5C>5BZN:6CA5NCACB?>59C5>?5>CJ5K?B?
>?85N?A?A=:?859C5>?58CNDA9?5=?ECNFB<?5SYCB5C>5EB?E?6:CAEF5=FA8C=DCAEC56785?9C>?AECI5CA5C>5KEFL5XL5[8E?5=FA=>D8:PA5KBFG?G>C6CAEC5AF58C?5>?5MDC5EDY:CBFA5CA56CAEC5>F8
BC9?=EFBC859C>5KBFJC=EFI5KCBF5C>5:6KDC8EF5=C9D>?BI5KFB58D5KBFK:?5=FA=CKED?>:]?=:PAI5C85DA5BZN:6CA59C5CR=CK=:PAI5J5KFB5C>>F5C8E75>>?6?9F5?58CB5:AECBKBCE?9F5=FA5=?B7=ECB
BC8EB:=E:YFL
¡¢£¤¥¢¦§¥¨©ª¡«£¤¬¦¥¢¦«¥¤¢¦¤
UF858DHCEF85?>=?A]?9F85KFB5C>5:6KDC8EF5=C9D>?B58FA58F>?6CAEC5>F85:A9:Y:9DF8LSi®X
¯A?58:ED?=:PA5NB:8I58:C6KBC5?6G:ND?5J5?5YC=C85KBCF=DK?AECI5ECA<?A5SJ5C85KF8:G>C5MDC58:N?A5ECA:CA9FX5>F85:A9:Y:9DF859C9:=?9F85?5\?=CB5=F6KB?YCAE?59C5Y?>FBC85SD5FEBF85G:CAC8X
?5E<ED>F5\?G:ED?>L5UF85NCACB?>6CAEC5>>?6?9F85m\?G:ED?>:8E?8n58:C6KBC5\?A5MDC9?9F5?>=?A]?9F85KFB5>?5NB?Y?G:>:9?959C5>F85BC8D>E?9F859C5N?A?A=:?85m9C5=?K:E?>n5MDC5AF5CB?A
NB?Y?9?85K?B?5>F85:A9:Y:9DF85CA5NCACB?>L5U?85N?A?A=:?859C5>F85\?G:ED?>:8E?858C5=FA8:9CB?G?A5?>=?A]?9?85KFB5C>5?BE<=D>F5iI5:A=:8F5hXI59C5>?5UVWI5KFB58D5KFECA=:?>5K?B?5KBF9D=:B
BCAE?85KCB:P9:=?85=FA5KCB6?ACA=:?59C5>?5;DCAECI5J?5MDC5>?5;DCAEC5AF58CB<?5E?AEF5C>5=?K:E?>5CA?HCA?9F5CA5=?9?5FKCB?=:PA5=F6F5>?5?=E:Y:9?956:86?59C5=F6KB?YCAE?L
UF5:A=P6F9F59C5C8E?5=?ECNFB<?58:C6KBC5C85>?5?G8F>DE?5;?>E?59C5BC;CBCA=:?5FGHCE:Y?5J5B?]FA?G>C5K?B?5C8E?G>C=CB5C>5><6:EC5CAEBC5>?5\?G:ED?>:9?95J5>?56CB?5N?A?A=:?59C5=?K:E?>
C8KFB79:=?L5U?5KF=?5J5?AE:ND?5HDB:8KBD9CA=:?5CR:8ECAECS5i±X AF5K>?AEC?5=B:ECB:F85;7=:>6CAEC5?K>:=?G>C85?5FKCB?=:FAC85=FA5E<ED>F85Y?>FBC8I576G:EF5CA5C>5=D?>5\?8E?5C>5:A9:Y:9DF5678
?6?ECDB5BC?>:]?567859C5DA5K?B59C5FKCB?=:FAC85KFB5?°FL
[A5C8EC5?8KC=EFI5>?85AFB6?85C8KC=<;:=?859C>5=?K<ED>F59C>5:6KDC8EF5=C9D>?B59C8K>?]?A5EFE?>6CAEC5C>5KBFG>C6?59C5>?5\?G:ED?>:9?95BC8KC=EF59C5>F85:A9:Y:9DF85MDC5BC?>:]?A
=F6KB?YCAE?5SiTX9C5Y?>FBC8I5CAEBC5C>>F85E?6G:ZA59C56FAC9?859:N:E?>C8L5²:5C>5?BE<=D>F5iI5:A=:8F5±XI5A:5C>5?BE<=D>F5klLV59C5>?5UVW5CR=>DJCA5CA56F9F5?>NDAF5?5>F85:A9:Y:9DF8
\?G:ED?>:8E?8L
[859C=:B5MDC5EF9?5?=E:Y:9?959C5=F6KB?YCAE?59C56FAC9?859:N:E?>C85BC?>:]?9?5KFB5:A9:Y:9DF8I5J5MDC5=D6K>?5=FA5>F859C6785BCMD:8:EF85KBCY:?6CAEC5?A?>:]?9F85S;DCAEC5?BNCAE:A?5J
6FAC9?59C5C6:8:PAXI5KCBF58:A5:6KFBE?B58D5;BC=DCA=:?I5MDC9?B<?58F>F5NB?Y?9?5KFB5>?5?><=DFE?5;:H?59C>5:6KDC8EF5=C9D>?BL5U?5\?G:ED?>:9?95KF9B<?58CB5DA5C>C6CAEF5:6KFBE?AEC
8F>?6CAEC5K?B?5B?9:=?B5>?5;DCAEC5CA5>?5}BNCAE:A?5J5=FA5C>>F5?8CNDB?B8C5C>5EB?E?6:CAEF59C>5:6KDC8EF5=C9D>?BL
[A5=D?AEF5?>5BC8EF59C5>F85=?8F85AF5?>=?A]?9F85KFB5C>5:6KDC8EF5=C9D>?B5KFB5;?>E?59C5FEBF5BCMD:8:EF5SC6:8:PA5CA56FAC9?5A?=:FA?>5F5CREB?AHCB?XI5>?5\?G:ED?>:9?95KF9B<?58CB5>?5=?D8?
K?B?5?K>:=?B5C>5:6KDC8EF5KBFNBC8:YF5NCACB?>I5E?>5=F6F58C5?A?>:]?5CA5C>5KDAEF5L
U?5;?>E?59C5\?G:ED?>:9?9I5CA5E?AEFI5KF9B<?59CB:Y?B5CA5>?5AF5NB?Y?G:>:9?959C5>F85BC8D>E?9F85S8?>YF5>F85=?8F859C5;DCAEC5CREB?AHCB?XLSi³X
´µ¦¤¡¥¶·£©¥«¡
U?5N?A?A=:?5GBDE?5C85>?59:;CBCA=:?59C>5KBC=:F59C5CA?HCA?=:PA56CAF85C>5=F8EF59C5?9MD:8:=:PAL5[A5=?8F59C5C6:8:FAC85CA5KC8F85?HD8E?G>C85F5CA59:Y:8?8I58C5CR=>DJCA5>?8
?=ED?>:]?=:FAC85J59:;CBCA=:?859C5=?6G:F5CA5>?5N?A?A=:?5GBDE?5¸?BEL5klLVI5:A=L5:XI5UVW¹L5Q?B?5FGECACB5>?5G?8C5:6KFA:G>C5E?6G:ZA58C59C9D=CA5>F85N?8EF859:BC=E?5F5:A9:BC=E?6CAEC
BC>?=:FA?9F85=FA5>?5N?A?A=:?5=C9D>?B5S?BEL5klLVI5UVWXL
º»¼½¾
¿ÀÁÂÃ
[>5KBC=:F59C5CA?HCA?=:PA5KDC9C58CB5CA5KC8F85F5CA59P>?BC8L5[A5C8EC5@>E:6F5=?8F59CGCB758CB5BCCRKBC8?9F5CA5KC8F85J59CEB?CB59C5>?5N?A?A=:?5GBDE?5>?5?=ED?>:]?=:PA5:A\CBCAEC5?5>?8
=FA9:=:FAC859C>5E<ED>F5F5>?859:;CBCA=:?859C5=?6G:FI5CAEBC5C>56F6CAEF59C5>?5?9MD:8:=:PA5J59C5>?5CA?HCA?=:PAL
²FE?B5MDCI5?59:;CBCA=:?59C5FEBF858DKDC8EF859C5>?5>CJ59C>5:6KDC8EF5?5>?85N?A?A=:?85CA5>F85=D?>C858C5?DEFB:]?5?5?=ED?>:]?B5>F85=F8EF859C5?9MD:8:=:PA5¸?BEL5klLVI5:A=L5::XI5UVWI5K?B?
?==:FAC85J5=DFE?859C5;:9C:=F6:8F85J59C5;FA9F859C5:AYCB8:PA5=CBB?9F8¹I5F5?56?AECACB>F85CA56FAC9?5CREB?AHCB?5\?8E?5C>56F6CAEF59C58D5CA?HCA?=:PA5S?BEL5h±TLVI5UVWXI5CA5C8EC5=?8F
>?5AFB6?56:E:N?9FB?59C5>?5:A;>?=:PA5J59C5>?59CY?>D?=:PA5AF5EB?G?H?58FGBC5>F85=F8EF858:AF58FGBC5>?5N?A?A=:?5GBDE?I59C5>?5=D?>59CGC59CEB?CB8C59CECB6:A?9?5KFB=:PA59C5N?A?A=:?
AF6:A?>I5MDC5AF5C85NB?Y?9?L
{:5>?85C6:8:FAC858FA5CA5KC8F8I58:A5=>7D8D>?59C5?HD8ECI5CA5>DN?B59C5KCB6:E:B5C>5?HD8EC59C>5=F8EF59C5?9MD:8:=:PAI5>?56:E:N?=:PA59C5>?5:A;>?=:PA58C5>FNB?5KFB5>?56CB?5BC9D==:PA59C5>?
?><=DFE?59C>5:6KDC8EF5ST5CA5>DN?B59C>5hTXL
~EB?5=DC8E:PA5MDC5K>?AEC?5C>5KBC=:F59C5EB?A8;CBCA=:?5C85MDCI58:5G:CA56D=\?85YC=C85>?856FAC9?859:N:E?>C85KF9B7A5YCA9CB8C5CA5KC8F85F5CA59:Y:8?85S8FGBC5EF9F5=D?A9F58FA
DE:>:]?9?85=F6F5:A8EBD6CAEF859C5:AYCB8:PAXI58:5C>5D8F59C5>?85=B:KEF6FAC9?85>>CN?5?5NCACB?>:]?B8C5=F6F5DA:9?959C5=?6G:FI5K?B?5K?N?B5G:CAC85J58CBY:=:F8I59CGCB75?=D9:B8C5CA5E?>C8
=?8F85?>5Y?>FB59C5K>?]?59C5>?56FAC9?59:N:E?>5CA5=?9?56F6CAEF5S?BEL5iÄI5UVWXL5[8EF5K>?AEC?59:;:=D>E?9C85KB7=E:=?6CAEC5:A8DKCB?G>C85K?B?5>?5=FAE?G:>:9?95:A9:Y:9D?>59C5>?85KCB8FA?8I
MDC59CGCB<?A59CECB6:A?B5CA5=?9?5=?8FI5K?B?5=?9?5FKCB?=:PAI5C>5KBC=:F59C5YCAE?5J5C>5=F8EF59C5?9MD:8:=:PA5:6KDE?G>C5?5>?56FAC9?5DE:>:]?9?5S8CN@A5>?5EZ=A:=?59C5>?85?9MD:8:=:FAC8
6785?AE:ND?8I5F5ÅVÅ~XI567858D5?=ED?>:]?=:PA5KFB5:A;>?=:PAL
{:5G:CA58C5YC58CND:9F5CA5>F859:?B:F85C>5KBC=:F59C5m=FE:]?=:PAn59C>5^_`ab_c5J59C5FEB?856FAC9?8I5C8F85KBC=:F859CKCA9CA59C5=?9?56CB=?9FL5U?59:8KCB8:PA59C5KBC=:F85C856DJ5NB?A9CL
[8KC=:?>6CAEC5=D?A9F58CS5ijX=F6K?B?A5>F85KBC=:F85FGECA:G>C85CA5>?5}BNCAE:A?5=FA5>F85KBC=:F859C5>F85qwafgctqo5:AECBA?=:FA?>C8I59C56D=\F56?JFB5YF>D6CA5J58:A5?==C8F59:BC=EF59C89C
ADC8EBF58:8EC6?5G?A=?B:F L5?6G:ZA5C85AFEFB:?5>?5YF>?E:>:9?95:AEB?9:?B:?59C5>?85KB:A=:K?>C856FAC9?8I5?8<5=F6F5C>5\C=\F59C5MDC5AF5\?J5DA5\FB?B:F59C5=:CBBC59:?B:F59C5FKCB?=:FAC8
8:AF5MDC58C5FKCB?5>?85i±5\FB?859C>59<?I58:A5;CB:?9F8L5U?5BCN>?6CAE?=:PA5KF9B75FKE?B5KFB5?>NDAF59C5C8EF856CB=?9F85F5C>?GFB?B5?>N@A5<A9:=C58FGBC5>?5G?8C59C5KBF6C9:F85F
6C9:?A?8L5QCBF5\?=CB>F5BC8KC=EF59C5EF9?85>?856FAC9?859:N:E?>C85AF58CB75=DC8E:PA58CA=:>>?L5{FGBC5EF9F5=FA5BC>?=:PA5?5>?856FAC9?856CAF85D8D?>C8I5J56785?@A5?5>F85`beqcI5MDC
KF9B<?A5ECACB5DA?5>:MD:9C]56DJ5?=FE?9?L
ºÆÇÈÉÇÈÂÁ»Ê»ÊË»Ì
UF85=F8EF859C5?9MD:8:=:PA59C5>?856FAC9?859:N:E?>C85AF58FA5?=ED?>:]?G>C8L5U?5ACDEB?>:]?=:PA59C5>?85N?A?A=:?856CB?6CAEC5AF6:A?>C858C5FGE:CAC5KFB5Y<?59C5>?5=FBBC==:PA59C5>?
N?A?A=:?5GBDE?I5F5G:CA56C9:?AEC5>?56CB?5BC9D==:PA59C5>?5?><=DFE?5?K>:=?G>C5ST5CA5>DN?B59C>5hTXI5E?>5=F6F58C5CRK>:=?5CA5C>5KDAEF5?AECB:FBL
¾¿ªÀª¾ÁÂÃÄÅÆǪÂÈÇÉÈÄž¿ÇªÊ´ÃÄËÆĪÄÌÆÈÍËÎÄÈÍÏ
ШѨª¾¶¹¬·°®®²³
Ò4¡<6>B6IzI9B<67>6Ku?9>5I<6?@<w@>5:A<Ln6B46B>v6EpqrF6x467>;:7:7<64w@9?4@6B456w4=4=;:456:=7:A:794B>5n6;9v464Bz;9<I46>567>H:=:746>=6>B64@Iz;9B<6F67>6B463O
=6>B6?@:u>@6?@@4H<65>6u4=I:>=>6B46>5;4B46?@<w@>5:A464?B:;4yB>6?4@46w@4A4@6B456w4=4=;:456:=7:A:794B>56>=6w>=>@4Bn6v6>=6>B6I>@;>@6?@@4H<65>6:=;B9v>=n6>=6H<@u46>?@>54n6B<5
@>59BI47<56<yI>=:7<56?<@6:=7:A:79<56?<@6B46>=4¡>=4;:t=67>6u<=>74567:w:I4B>56>=I@>6<I@<56A4B<@>5on6>=6I4=I<65>4=67>6H9>=I>6>I@4=¡>@46KZUTWXYa[S[U_VYaVYQVÓÔR^QUVÕÖV[YVY_R\
QYlLoO
5I456BI:u45n67>6H9>=I>6>I@4=¡>@4n65<=6w4=4=;:4567>6B465>w9=746;4I>w<@z46M4@IO6CqFn6?<@6@>u:5:t=64B6=9>A<64@IO6q¦n6:=;O6×on63Nn689>6I@:y9I4=6?<@6>B6;@:I>@:<67>6B<6?>@;:y:7<
M4@IO6Crrn6?<@6@>u:5:t=64B64@IO6CGn6:=;O6yon63NO
4@47t¡:;4u>=I>n6B464Bz;9<I467>B6:u?9>5I<6?@<w@>5:A<689>6;<@@>5?<=7>64?B:;4@646>5I>6I:?<67>6w4=4=;:45n67>6H9>=I>6>I@4=¡>@4n6=<6>56?@<w@>5:A465:=<6?@<?<@;:<=4Bn6H:¡4n67>B6C¦Ø
4@IO6Fn63oO
Ш٨ªË°¸Úµ»¸¶¸ª±¬Û¹¸ª¯µªÜ°¸¶¸Ýª®°Þ·¬ªßµºªÜ°¸¶¸ª¸à¶¹µá¸¹µ
¢>w=6>B64@Iz;9B<6CEp67>6B463n65<=6w4=4=;:4567>6H9>=I>6>I@4=¡>@46B45689>6?@<A>=w4=67>¤
4o6y:>=>565:I947<5n6;<B<;47<56<69I:B:J47<56>;<=tu:;4u>=I>6>=6>B6>I>@:<@â
yo6B46@>4B:J4;:t=6>=6>B6>I@4=¡>@<67>6;94B89:>@64;I<6<64;I:A:7476595;>?I:yB>67>6?@<79;:@69=6y>=>H:;:<â
;o6B45689>6?@<A>=w4=67>6x>;x<56<;9@@:7<56H9>@467>B6I>@@:I<@:<6=4;:<=4BO
¢>6>;>?I4=6B456w4=4=;:45689>65>4=6I:?:H:;47456>?@>54u>=I>6;<u<67>6H9>=I>64@w>=I:=46v6B456?@<A>=:>=I>567>6>?<@I4;:<=>5O
ã47<689>6>5I46=<@u46>565:uI@:;46;<=6B467>B64@Iz;9B<6¦67>6B463n689>67>H:=>6B46H9>=I>64@w>=I:=4n6>=6w>=>@4Bn65<=67>64?B:;4;:t=6½>=6u<7<6:=A>@5<½6B<56;<u>=I4@:<56@>4B:J47<56>=
>B6?9=I<6rOEOCO
=6;<=;B95:t=n6?<7@=6w>=>@4@6w4=4=;:467>6H9>=I>6>I@4=¡>@4¤
4o6B456u<=>74567:w:I4B>567>?<5:I47456>=69=6I>@;>@<67<u:;:B:47<6>=6>B6>I>@:<@â
yo6B456u<=>74567:w:I4B>56I@4=5H>@:7456469=6YäZ\aåY6>=6>B6>I>@:<@n646B<56>H>;I<567>6<?>@4@6>=6>B6u:5u<6>=6H<@u46x4y:I94Bn6v6=<65<B<6?4@46?@<;>7>@646596>=4¡>=4;:t=O6¢:=
>uy4@w<n6>5I>6;45<6;<B:5:<=46;<=6>B6:=7:;47<@67>B6B9w4@67<=7>65>6>¡>@;>6B464;I:A:747n65:6>5689>65>6I@4I467>69=464;I:A:7476x4y:I94B67>6;<u?@46v6A>=I4n689>6½46?>54@67>6@>4B:J4@5>
>=69=6YäZ\aåY6>=6>B6>I>@:<@½6B4567>;:5:<=>56v6t@7>=>567>6;<u?@46v6A>=I465<=6I<u47456v67474567>57>6B46@>5:7>=;:467>B659¡>I<n6>=6B46 @w>=I:=4â
;o6B<56RUYa6>u:I:7<56>=69=466?<@69=6>u:5<@67<u:;:B:47<6>=6>B6>I>@:<@O
ã>6>5I>69=:A>@5<6@>59BI46=>;>54@:<6>;B9:@6B456u<=>74567:w:I4B>5689>n6>5I=6<6=<67>?<5:I47456<69I:B:J47456>;<=tu:;4u>=I>6>=6>B6>I>@:<@n6x4v4=65:7<6>u:I:7456?<@69=6>u:5<@
7<u:;:B:47<6>=6B46 @w>=I:=4n6v4689>6>5I4565<=65:>u?@>67>6H9>=I>64@w>=I:=464@IO6pn63oO
=6I<7<56>5I<56;45<5n6B<56@>59BI47<5689>74@=64B;4=J47<56?<@6B464Bz;9<I46H:¡46C¦Øo67>B6I>@;>@6?@@4H<67>B64@Iz;9B<6F67>6B463O
Ш§¨ªË°¸Úµ»¸¶¸ª±¬Û¹¸ª¯¬±ªßµÛ²¶°µ¯²±¶µ±
s4B6;<u<6B<65>£4B4@46@>5?>;I<67>6B<56:=7:A:79<564B;4=J47<56?<@6>B6:u?9>5I<6;>79B4@6?4@465956<?>@4;:<=>567>6H9>=I>64@w>=I:=46A>@6?9=I<6rOron6B46x4y:I94B:7476x467>¡47<67>65>@
9=6I>u467>6:=I>@56?4@46B<56:=7:A:79<5689>6;<u?@4=6v6A>=7>=6u<=>74567:w:I4B>56v6w>=>@4=6w4=4=;:4567>6H9>=I>6>I@4=¡>@4n654BA<6?<@6>B6?<I>=;:4B689>6I:>=>6B46x4y:I94B:7476?4@4
7>H:=:@6B46@>4B:J4;:t=67>69=464;I:A:7476v6;4uy:4@n6?<@6>BB<n6B46@47:;4;:t=67>6B46H9>=I>O
346>5?>;:4B:74767>B6I>@;>@6?@@4H<67>B64@Iz;9B<6F67>6B46367>5?B4J46I<I4Bu>=I>6B46?<5:y:B:74767>645:w=4@69=6I@4I4u:>=I<67:5I:=I<646B456w4=4=;:4567>6B<56x4y:I94B:5I45O
ШШªæµ±¸ª²»¼¬²Û¯¸
}|}|ç|~è
~
~é
~~~
~ê|~~ë
ì~~çíçíîïçð
4@46<yI>=>@6B46w4=4=;:46y@9I467>y>@6@>5I4@5>6>B6;<5I<67>64789:5:;:t=67>B6?@>;:<67>6>=4¡>=4;:t=O
<@@>5?<=7>6;<=A>@I:@646u<=>746=4;:<=4B6>B6?@>;:<6<yI>=:7<6?<@6B46>=4¡>=4;:t=64@IO6CrEn63on6<645:w=4@69=6A4B<@67>6?B4J46>=6;45<67>6>=4¡>=4;:t=67>6B456u<=>74567:w:I4B>5
?<@6;4=¡>6?<@6<I@456u<=>74567:w:I4B>56<6?<@6?4w<67>6y:>=>56<65>@A:;:<5O
ñ>5?>;I<67>B6;<5I<67>64789:5:;:t=n6>B6=9>A<64@Iz;9B<6Cq¦O67>6B4636?>@u:I>6u4=I>=>@B<6>=6B46u<=>7467>B6?4z56KYaV]^YV^fSY_YaVY_R\[UV_SR^\[U_jVZUQUZ\[U_VUV^RSQSc\[U_
YZUa`TSZ\TYaRYVQU_VfSYaY_Ln6v6;<=A>@I:@B<564B6I:?<67>6;4uy:<6;<@@>5?<=7:>=I>646B46H>;x46>=689>65>6?@<79J;46B46>=4¡>=4;:t=O6<@69=6;4u:=<67:A>@5<64B67>6B467>79;;:t=67>
7:H>@>=;:4567>6;4uy:<6?@>A:5I46>=6>B6:u?9>5I<6;>79B4@n65>6BB>w464B6u:5u<6@>59BI47<67>6=>9I@4B:J4@6>B6>H>;I<67>6B467>A4B94;:t=67>B6?>5<6<?>@4746>=I@>6B46H>;x467>6;<u?@46v6B4
H>;x467>6>=4¡>=4;:t=O
¢:=6>uy4@w<n6>5I46=<@u4689>6?9>7>65>@65>=;:BB46?4@464?B:;4@646B<56IzI9B<56A4B<@>56>u:I:7<56:=5I:I9;:<=4Bu>=I>6v67>?<5:I47<56>=64Bw=65:5I>u46y4=;4@:<67>B6u9=7<6I:>=7>6465>@
u567:Hz;:B67>6:=I>@?@>I4@6>=6>B6;45<67>6B456u<=>74567:w:I4B>5O6¥<64?B:;4@z46@>5?>;I<67>6u<=>7456u4=I>=:7456y4¡<6?<5>5:t=67:@>;I46>=6B46fQUZZ\San6v6@>5?>;I<67>6B45689>6>5I=
7>?<5:I47456>=6YäZ\aåY_6=<65:>u?@>6B<567<u:;:B:<567>6B<567>?<5:I4@:<565<=6;<=<;:7<5n6v4689>65>6I@4I467>6?B4I4H<@u456>=6Bz=>4n65:=6B9w4@6Hz5:;<67>64I>=;:t=64B6;B:>=I>n65:=6H:@u467>
;<=I@4I<56v689>6u9;x456A>;>56=:65:89:>@46>I>@:<@:J4=689:=6>56>B6I:I9B4@6v6@>5?<=54yB>67>B65>@A:;:<OrFo
67:H>@>=;:467>B6@w:u>=67>B6:u?9>5I<6;>79B4@n6B456I>=>=;:4567>6u<=>74567:w:I4B>564B;4=J47456?<@6>B6:u?9>5I<6?@<w@>5:A<n689>6H9>@4=67>6H>;x464=I>@:<@64B6CDCDEFCGn6=<6?@>A=
>B6:=;@>u>=I<649I<uI:;<67>B6;<5I<6;<u?9I4yB>64B6A4B<@67>6B456BI:u4564789:5:;:<=>56=:646B46;<I:J4;:t=67>B6rCDCEDEFCpO6B6<@:w>=67>6>5I>6I@4I4u:>=I<67:H>@>=;:4B6>5689>n6?4@46B<5
IzI9B<56A4B<@>567>6H9>=I>6>I@4=¡>@46>=6w>=>@4Bn6B<56@>59BI47<567>6596>=4¡>=4;:t=6v46>5I4y4=6w@4A47<564=I>567>6B46B>v6EpqrFO6>@<6B<56@>59BI47<56?<@6>=4¡>=4;:t=67>6u<=>745
7:w:I4B>56=<6>5I4y4=6w@4A47<56;<=64=I>@:<@:747649=89>6H9>@4=67>6H9>=I>6>I@4=¡>@4n6?<@6B<689>6@>59BI469=467:5;@:u:=4;:t=6;4@>=I>67>6@4J<=4y:B:7476@>5?>;I<67>6>5I456w4=4=;:45
7>A>=w47456v6=<6@>4B:J474564=I>567>6B46>=I@4746>=6A:w>=;:467>6B46B>vn689>6>=6w>=>@4B6H9>@<=6:u?<@I4=I>5n6>5?>;:4Bu>=I>679@4=I>6EFCpn6>B64£<67>6u4v<@6;@>;:u:>=I<67>6B<5
A4B<@>567>B6fSRZUSa6v67>6B456?@:=;:?4B>56;@:?I<u<=>745O
}|}|î|~~
~~
!"#$2%&'&%2(2)'$2450*504+03,43-05,)'$./0#&!'$12"% 32*
012324545 678
78 768 6
6
8 7 678
78
7
78
34567879::;<=856:<>?9@4AB856=<6@;8=8=6>4C<D856D85@D;::;<=856?<D6B46B<:4B;E4:;F=6786B46G98=@86786B46H4=4=:;4I6C65<=6@4>A;J=64?B;:4AB856B4567879::;<=856?8D5<=4B856C6H8=8D4B85
K4D@V6OPWI63RSLI6:<=6B456M=;:456B;>;@4:;<=85678B64D@N:9B<6OPQ6786B463RS6?4D46B456H4=4=:;456786G98=@868T@D4=U8D4V63467879::;F=6786;=@8D85856?4H47<56?4D464?4B4=:4D6B46:<>?D4678
><=874567;H;@4B85685I68=6?D;=:;?;<I647>;5;AB8V
3<56X98AD4=@<565<=6:<=5;78D47<56Y^_`abcdebf_gb`_hi_jklmjbZI6C65<B<6?<7D[=658D6:<>?9@47<56:<=@D46H4=4=:;456786G98=@868T@D4=U8D46X986?D<\8=H4=6Y^_`mndbf̀cmio`^_
oi_ebjmoa_hZKQOL6K4D@V6OQ]I6?D;>8D6?[DDVI63RSLI678B6>;5><6><7<6X986B<56X98AD4=@<56786G98=@864DH8=@;=46?D<\8=;8=@85678685@86@;?<6786;=\8D5;<=856C6<?8D4:;<=856=<6?<7D[69@;B;E4D58
?4D46:<>?8=54D6=;=HM=6@;?<6786H4=4=:;456786G98=@868T@D4=U8D46K4D@V6OQ]I6@8D:8D6?[DDVI63RSLV
p<D68B6:<=@D4D;<I6B<56X98AD4=@<56786:94BX9;8D6<@D46:4@8H<DN4I6G98D8=6786G98=@864DH8=@;=46<68T@D4=U8D4I6?9878=6:<>?8=54D6H4=4=:;456<A@8=;7456?<D6B46:<>?D4\8=@46786><=8745
7;H;@4B856786G98=@868T@D4=U8D46K4D@V6OQqI63RSLI6B<6:94B6=<685@[6?8D>;@;7<6?4D46:<>?8=54D65;>;B4D856H4=4=:;456HD4\47456?<D68B6;>?985@<6:879B4DI685678:;DI6786G98=@864DH8=@;=46K4D@V
OrI6<:@4\<6?[DDVI63RSLV
stutvwxyz{|}tx~}~z{vs}tyz|zt~z|v
=68B6?9=@<6QVWVW65868T?B;:46B46BN=846;=@8D?D8@4@;\46?<D6B46:94B6B456H4=4=:;456?<D68=4U8=4:;F=6786><=874567;H;@4B856786G98=@864DH8=@;=46?<7DN4=64A8D6X98747<I68=6B46>4C<DN4678
B<56:45<5I6D8H;7456?<D68B6;>?985@<6?D<HD85;\<I658HM=6B456:<=7;:;<=856H8=8D4B856C6B4685:4B464?B;:4AB8646B456H4=4=:;456;=7;\;794B856K4D@V6rI6?D;>8D6?[DDVI63RSLV
;68BB<6G98D4645NI6586@D4@4DN46786H4=4=:;456<D7;=4D;456786B4658H9=746:4@8H<DN46C6=;=H9=46786B456=<D>45685?8:;4B85678B6;>?985@<6:879B4D658DN464?B;:4AB8I6C6@4>?<:<6B456B;>;@4:;<=85
?4D468B6:F>?9@<67867879::;<=856C6X98AD4=@<56?D87;:47<56?4D46B456H4=4=:;456786G98=@868T@D4=U8D4V6
5678:;D6X986B<56X98AD4=@<56?<D68=4U8=4:;F=6786><=874567;H;@4B856A;8=
?<7DN4=6=8@84D586:<=6H4=4=:;456786:94BX9;8D6<@D<6<D;H8=I6C46X986B46:4D4:@8D;E4:;F=6:<><6Y^_`abcdebf_gb`_hi_jklmjbZ678685@<56X98AD4=@<565<B<64?B;:4646B<5659U8@<5678B64D@N:9B<6qr
K4D@V6OrI6X9;=@<6?[DDVI63RSLV64B\<I6:B4D<685@[I6:<=6H4=4=:;456H8=8D474568=68B6[>A;@<678B6;>?985@<6:879B4D6KC6\;:8\8D54LV
<658DN4=64?B;:4AB856=;6B467879::;F=685?8:;4B6?D8\;5@46?4D468B6;>?985@<6:879B4DI6=;6B456D85@D;::;<=8568=6:94=@<646B464?B;:4:;F=6786B4567879::;<=856H8=8D4B856C6?8D5<=4B856:<=
8T:8?:;F=6786B467879::;F=685?8:;4B678B64D@V6WQI6;=:V6:LI63RS6X986=<68567864?B;:4:;F=646B456H4=4=:;456786B4658H9=746:4@8H<DN4V
3<56D859B@47<5678A8DN4=658D6>87;7<568T:B95;\4>8=@868=6><=8746=4:;<=4BI6C6?<7DN4=64:@94B;E4D68B6:<5@<678647X9;5;:;F=658HM=6B456@4AB456X9868B4A<D86B46Rp646?4D@;D678B6N=7;:8678
?D8:;<56;=@8D=<564B6?<D6>4C<D6K4D@V6PO6C6D8>;5;F=64B64D@V6rI63RSLV6;=68>A4DH<I685@8678D8:<6464:@94B;E4D6B46A4586B<6@;8=8=65<B<6B45647X9;5;:;<=856D84B;E4745646?4D@;D678B6OOWOI
C6=<6B456@8=8=:;456786G8:464=@8D;<DV
<64?B;:4DN46D85?8:@<678685@456@8=8=:;45I64=@8D;<D8564B6OOWOI6@4>?<:<6B464:@94B;E4:;F=649@<>[@;:4678B6:<5@<6:<>?9@4AB8646\4B<D856786B456MB@;>456:<>?D456<6:<@;E4:;F=678B
QOOWWO67;5?985@<6?<D68B64D@N:9B<6PI6;=:;5<6GLI6786B46B8C6WqQI65<B4>8=@86D85?8:@<678B6;>?985@<6:879B4DV
svtutvwxyz{|}tx~}~z{vs}ty~|t|z}~
:@94B>8=@8I6=<65<=6>9:<56B<56?D85@47<D85678658D\;:;<56X986D8:;A8=6?4H<568=6mcjomaV6p8D<6B<564CI6C6856?D<A4AB86X986:4746\8E64C46>[5V
=68B64:@94B685@47<6786B46B8H;5B4:;F=I685@<56?4H<568=6mcjoma65<=6?4H<568=685?8:;8V696\4B94:;F=64B6\4B<D6786>8D:47<6=<6@;8=86>4C<D6;=:<=\8=;8=@86X986@<7456B45678>[5
5;@94:;<=856B8H4B856X986@4>A;J=6D8X9;8D8=64:97;D64B6\4B<D6786?B4E4I654B\<6?<D6B456:4D4:@8DN5@;:456?D<?;456786B<56>8D:47<56786:D;?@<><=87456K<?8D4:;F=6?8D>4=8=@8I6\<B4@;B;7476C
7;5?8D5;F=6786?D8:;<5LV
<D46A;8=I68B64D@N:9B<6OOq678B6RS6?D8\J69=467;5?<5;:;F=685?8:;4B6D8G8D;74646B468=4U8=4:;F=6786A;8=856D8:;A;7<568=6?4H<6?<D68B68U8D:;:;<678658D\;:;<56?8D5<=4B8564:@;\;74785
?D<G85;<=4B85I6<G;:;<56C678>[5678B64D@V6rI6;=:5V6GL6C6HLI63RSV694=7<685@468=4U8=4:;F=6856D84B;E474678=@D<6786B<567<564<56785786B4647X9;5;:;F=6786@4B856A;8=85I6586D8?9@46X986B<5
A8=8G;:;<56<A@8=;7<565<=6H4=4=:;456<A@8=;7456?<D67;:<5658D\;:;<5I685678:;DI6H4=4=:;456786B46:94D@46:4@8H<DN4V
346:985@;F=646;=@8D?D8@4D64:[I68=@<=:85I6:<=5;5@868=678@8D>;=4D6:9[B6=<D>464AD[6786?D8\4B8:8D65;685@4678B6D8HB4>8=@<6<6A;8=6B456=<D>45685?8:NG;:456786H4=4=:;46:879B4D6<678
G98=@868T@D4=U8D46?4D46B468=4U8=4:;F=6786><=874567;H;@4B85V
=64X98BB<56:45<568=6X986B468=4U8=4:;F=6=<6D859B@864B:4=E4746?<D6B456=<D>45678B6;>?985@<6:879B4D6<6B464BN:9<@4685?8:;4B6786G98=@868T@D4=U8D4I6B464?B;:4:;F=678B64D@N:9B<6OOq678B
RS6?4D8:8DN46;>?<=8D58V6
=@<=:85I68B6;>?985@<6464?B;:4D658DN468B6?D<HD85;\<678B64D@N:9B<6rI6?D;>8D6?[DD4G<I6786B463RS6C6B4567879::;<=856C6X98AD4=@<565864?B;:4DN4=6@4B6:<><65;658
@D4@4D46786D8=@46786B46:94D@46:4@8H<DN4V
p<D68B6:<=@D4D;<I68=64X98BB<56:45<568=6B<56X986?<D6B46G98=@86C6:4D4:@8DN5@;:456786B46><=87467;H;@4B68=4U8=4746G98D46?<5;AB868=>4D:4D68B6D859B@47<6786B468=4U8=4:;F=68=6B4
785:D;?:;F=678B68:<6;>?<=;AB8674746?<D68B6;>?985@<6:879B4D6<68=68B64D@N:9B<6rI6@8D:8D6?[DD4G<I678B6RS6KG98=@868T@D4=U8D4LI68=@;8=7<6X9868B6:4D[:@8D685?8:;4B6C6B46=4@9D4B8E4
B8H4B678685@4567;5?<5;:;<=856785?B4E4=6@<@4B>8=@86B464?B;:4:;F=678B678:D8@<6D8HB4>8=@4D;<V63464BN:9<@464?B;:4AB8658D[68=@<=:85678B6O]6C6B4567879::;<=856C6X98AD4=@<5678A8D[=
58D6B456786B<56D85?8:@;\<56D8HN>8=856K:879B4D6<6786G98=@868T@D4=U8D4LV
svvtutzzvv~v}{tztz|z~v}~
3<5659U8@<565;=6D85;78=:;46G;5:4B68=6B46DH8=@;=46KA8=8G;:;4D;<5678B68T@8D;<DL65<=6HD4\47<56?<D65956D8=@456<A@8=;74568=68B6?4N5I68=6@4=@<6584=6786G98=@864DH8=@;=46K4D@V6OI63RSLV
34678@8D>;=4:;F=6786B46G98=@864DH8=@;=46D8>;@864B64=[B;5;568G8:@947<68=68B6?9=@<6QVWVO65<B<68B6B9H4D678678?F5;@<6786B456><=874567;H;@4B856K7<>;:;B;<678B678?<5;@4D;<LI68B
7<>;:;B;<67865968>;5<D6K59?985@<6B;>;@47<646co_a6<6><=874568>;@;7<56;=5@;@9:;<=4B>8=@8L6<68B6B9H4D67<=786586D84B;E46B464:@;\;7476K>;=8DN4I64A;@94B;747696<@D4L65<=6D8B8\4=@85
?4D4678@8D>;=4D6B46G98=@8V
47<6X98685@86;>?985@<6?<7DN464?B;:4D6468>;5;<=856786co_a68>;@;7<568=68B6?4N5646@D4\J567869=46RI6C6X986B46B8C645;H=4646B<56>;5><568B6@D4@4>;8=@<6786\4B<D856:<=6:<@;E4:;F=I
85@<56:45<5678A;8D<=64A8D65;7<6;=:B9;7<568=6B468T8=:;F=6?4D46H4=4=:;456786A8=8G;:;4D;<5678B68T@8D;<DI6<A@8=;7456?<D6B46:<>?D4\8=@46786@N@9B<56?MAB;:<5I64::;<=85I6G;78;:<>;5<5
G;=4=:;8D<56C6G<=7<56:<>9=856786;=\8D5;F=6:<B<:47<56?<D6<G8D@46?MAB;:464D@V6WI6;=:V6¢LI6:94D@<6?[DDVI63RSV6p8D<67;:468T8=:;F=6=<64B:4=E4646B456><=874567;H;@4B85I6B<6:94B
;>?<D@469=678>JD;@<6:<>?4D4@;\<6:<=6<@D456G<D>456786G;=4=:;4>;8=@<I6C68T:B9C869=6;=:8=@;\<6?4D468B6;=HD85<6786:4?;@4B85678B68T@8D;<D68=6?D<C8:@<56@8:=<BFH;:<5V6 685@468T:B95;F=
=<678D;\46786B46;=G<D>4B;7476786B456R6K7868:<I685@86?[DD4G<6786B46B8C65<B<68T;H86B46:<B<:4:;F=6Yioe`ol_ecb`i£fmjbZI6C6=<6B46Ybdcoemgbjm¤a`^_`fb`¥o¦mhm¤a`§bjmoabf̀^_`¨bfoe_hZ
X9865N65868T;H868=6B<56?[DD4G<564=@8D;<D85LV63468T:B95;F=658678A864B6:4D[:@8D6@4T4@;\<6786B468=9>8D4:;F=6786B<56\4B<D8568T8=@<5V6
56>[5I69=6co_a68>;@;7<68=69=46R6:<=
;?<@J@;:4649@<D;E4:;F=6786B46¡6@4>?<:<685@4DN464B:4=E47<6?<D6B468T8=:;F=6?4D46B<56A8=8G;:;4D;<5678B68T@8D;<D6K54B\<6X986586B<6;=5@D9>8=@4D46:<><6<AB;H4:;F=6=8H<:;4AB8I
G;78;:<>;5<6G;=4=:;8D<6<6G<=7<6:<>M=6786;=\8D5;F=LV
5NI6B46\8=@46?<D69=6=<6D85;78=@86786><=874567;H;@4B85678?<5;@474568=6:95@<7;4I6:45456786:4>A;<6<6_ªj«ban_h68=68B6?4N5I6<6786><=874567;H;@4B8568>;@;7456?<D69=6D85;78=@8I
X9874659U8@464B6;>?985@<6M=;:<6C678G;=;@;\<I6?<D6D8@8=:;F=68=6B46G98=@8I6X986D8H9B468B6©N@9B<6¡6786B46B8CI6:<=6B4565;H9;8=@856><74B;74785V
¬®tv¯°±²³´µt¶²·±¸¹ºtº²³»·²¼´²³t·²t½±º»³·»¶¶»µ¼²³t¶µµ°²º¹¼´²³
3456\8=@456D84B;E47456?<D6A8=8G;:;4D;<5678B68T@8D;<D6X986=<6D85;74=68=6U9D;57;::;<=856=<6:<<?8D4=@85I6<6:9C<56G<=7<56;=\8D@;7<56=<69A;8D4=6?D<\8=;7<6786U9D;57;::;<=856=<
:<<?8D4=@85I6D8:;A8=68B6@D4@4>;8=@<67864BN:9<@46D879:;74678B6;>?985@<6:879B4D6KO]LI6B46:94B68564?B;:47465<AD86B46A4586;>?<=;AB8678B6r678B6?D8:;<6D8:;A;7<6?<D6B456><=8745
7;H;@4B8568=4U8=47456:<=6G98=@864DH8=@;=46K4D@V6rVR¡I6?8=MB@;><6?[DDVI63RSLV
5@46:4@8H<DN4678659U8@<56=<6D85;78=@856;=:B9C86@4=@<646B<56;=7;\;79<56:<><646B<5659U8@<568>?D854V
B64H8=@86786D8@8=:;F=678A8658D68B659U8@<6?4H47<D678B6A8=8G;:;<V6;=68>A4DH<I68=64X98BB<56:45<568=6B<56X9868B647X9;D8=@86=<65846D85;78=@868=6B46DH8=@;=4I68B6M=;:<6<AB;H47<64B
?4H<68568B6?D<?;<6A8=8G;:;4D;<678B68T@8D;<D6Yb`ceb¾¿h`^_`hd`e_ie_h_acbac_`f_nbf̀^o¦mjmfmb^o`_a`_f̀ibkhZI659?<=;8=7<6X986@4B6D8?D858=@4=@868T;5@46K4D@V6rVR¡I6MB@;><6?[DDVI63RSLV
¬Àt~Á»¯²¼t²¼²º¹¸tº²³»·²¼´²³t·²t½±º»³·»¶¶»µ¼²³t¼µt¶µµ°²º¹¼´²³
p4D468B6:45<6786\8=@456D84B;E47456?<D6A8=8G;:;4D;<5678B68T@8D;<D6D85;78=@8568=6U9D;57;::;<=856=<6:<<?8D4=@856<6:9C<56G<=7<56;=\8D@;7<56=<69A;8D4=6?D<\8=;7<6786U9D;57;::;<=856=<
:<<?8D4=@85I6B464BN:9<@46=<>;=4B6786D8@8=:;F=68=6B46G98=@865;8>?D8685678B6Q]6K4D@V6rWI63RSLI6?8D<6B464BN:9<@468G8:@;\46@8D>;=465;8=7<678G;=;746@4>A;J=6?<D6B467;\8D5;747678
A45856;>?<=;AB8568=9>8D474568=68B64D@N:9B<6rQ6786B463RS6KC6@4>A;J=6?<D68B6neohhman`diI64D@V6Oq]I6RSLV6
BB<6=<56BB8\4646:<=@8>?B4D67<56:45<567;5@;=@<5
4L6;68B6A8=8G;:;4D;<678B68T@8D;<D68569=468>?D8546<65<:;87476=<6D85;78=@8I6B46A458659U8@4646D8@8=:;F=6?<7D[658D6Ã46596<?:;F=Ã68B6]6786B4659>46?4H4746785786B46DH8=@;=464D@V
rQI6;=:V6HLI63RS6<6A;8=68B6A8=8G;:;<6AD9@<I6=8@<6786H45@<56C67879::;<=85647>;5;AB856K4D@V6rQI6?8=MB@;><6?[DDVI63RSLV
AL6;68B6A8=8G;:;4D;<678B68T@8D;<D68569=6;=7;\;79<I68B6r6786B4659>46?4H47464D@V6rQI6;=:V6LI63RSVKQWL
svvvtutvwxyz{|}tx~}x}~v}t{yÄz|}{tzwx~z{
78>[5678B6@D4@4>;8=@<685?8:NG;:<6747<646B<56D859B@47<56;=7;\;794B856?<D6B468=4U8=4:;F=6786><=874567;H;@4B85I685@46=98\4685?8:;8I64M=6=<678G;=;74I6856@4>A;J=6;=:<D?<D47464
7;5@;=@456=<D>456786B4678@8D>;=4:;F=6786B456H4=4=:;456786B<5659U8@<568>?D854I645;>;B[=7<B4646B<56@N@9B<56C678>[56\4B<D856:<=6:<@;E4:;F=6?MAB;:4V
86@4B6G<D>4I6B456@8=8=:;4568>?D854D;456786><=874567;H;@4B856=<6@;8=8=68B6:4D[:@8D6786A;8=856786:4>A;<6K4D@V6]WI6MB@;><6?[DDVI63RSLV68A8D[=6\4B94D5864B6\4B<D6786:<@;E4:;F=678B
:;8DD86786:47468U8D:;:;<64D@V6rPI6;=:V6:LI63RSI678\8=H4D6H4=4=:;46HD4\47468=6:47468U8D:;:;<6?<D6B468\8=@94B64?D8:;4:;F=6K>87;7468=6?85<5L6C6X98AD4=@<685?8:NG;:<6?<D65968\8=@94B
?JD7;746786\4B<D6K4D@V6OrI63RSLV
94=7<65868=4U8=8=6><=874567;H;@4B85I68B6D859B@47<685@4D[6747<6?<D6B467;G8D8=:;468=@D868B6\4B<D6747<68=68B6MB@;><6:;8DD86K<68B6:<5@<678647X9;5;:;F=65;685@46G9868=68B6MB@;><
8U8D:;:;<L6C68B6?D8:;<67868=4U8=4:;F=6K4D@V6PQI63RSLV63456\8=@456586;>?9@4D[=65;8>?D8646B45647X9;5;:;<=856>[564=@;H9456786B46>;5>4685?8:;86KD8HB46RLV
=6@4=@<6=<6D;U468B64U95@86?<D6;=GB4:;F=I6B456H4=4=:;456=<>;=4B856?<D6@8=8=:;46786><=874567;H;@4B85I6?D<79:;7456?<D6B4678?D8:;4:;F=6786B46><=8746=4:;<=4BI6=<6@;8=8=6=;=HM=
?4B;4@;\<68=6B46B8C64:@94BV6;5@;=@<68568B6@D4@4>;8=@<6X98658674646B4564::;<=856C6:8D@;G;:47<56786?4D@;:;?4:;F=68=6G;78;:<>;5<56C6G<=7<56:<>9=856786;=\8D5;F=I6C46X9868=685@<56:45<5
_`abacdedef_dgahij_kdhdgahialdamieief_daia_ekijg_neoatuvwxyz{|v}vu~xzpaqjrmsg
367A:3E785<=354;85I;@;@6>;85H7A5E3A;593@3@6>;5:35E7@3:;85:>I>9;438587475389U@5IA;K;:;856=;@:75835HA7:=6353@56;C3B;5:3547858=F397853EHA38;5:345;A9J6=475O5:354;5QRSG
6=W75>EH=38975835:393AE>@;5H7A5345>@6A3E3@975H;9A>E7@>;4N5\@597:7854785:3EU856;8785L>@:>K>:=785W5C3@3V>6>;A>785:345393A>7AMG54;85I;@;@6>;85IA;K;:;8587@54;85A38=49;@9385:354;
3@;F3@;6>?@5;A9N5G5>@6N5
MG5QRSN
ooaqaaaaaaa
Q;856A>H97E7@3:;85]3@5I3@3A;4]5@75:3K3@I;@5VA=978G5;45E3@785@75VA=9785:3459>H75:35>@93A3838575:>K>:3@:78G583;@5@;9=A;438G56>K>438575H7A54;57CA;5:345D7ECA35L;A9N5G5W7NMN
\85H78>C43G58>@53EC;AI7G54;53E>8>?@5W58=86A>H6>?@5:35=@5 ¡¢5<=35H;I=35VA=9785:35389359>H7N57:AJ;583A5=@;5H7A6>?@G5V>F;575K;A>;C43G5:354785C3@3V>6>7853EHA38;A>785:345HA7W3697
V>@;@6>;:7567@54;53E>8>?@G575C>3@5345;663875;583AK>6>7858=E>@>89A;:785H7A54;53EHA38;53@5V=@6>7@;E>3@97N5=U453853459A;9;E>3@975<=3567AA38H7@:3AJ;5797AI;A5;5389785VA=978
3H3@:3E785@=3K;E3@935:354;5476;4>B;6>?@5:354;5V=3@935W54;5E7@3:;5:353E>8>?@N
£>587@5VA=9785:35V=3@935;AI3@9>@;G5<=3:;@5;46;@B;:785H7A5345>EH=3897563:=4;A5L;A9N5¤NRG5HA>E3A5HUAANG5QRSMN5£>5C>3@5@75835D;635E3@6>?@53H4J6>9;5;54;85E7@3:;85:>I>9;438G54;
A3E>8>?@5I47C;45;45;A9J6=475¤NR¥5:354;5QRSG5H7A54785Y¨¡©ª«¬©®¡¢®¯¢¯¡°®¡®±¢¡¨¡©¡©®®«¬®¡¢²±¢¬¯±³¢®´ª¡®ªµ±¡¨¡®¡«®¨¡¢±²±¡¢®°¨ª¯®¡®«¬®¯«¯¬¯±³¢®¡®¯¬°±¬«ZG5443K;
;5;46;@B;A5;45A3@:>E>3@9753K3@9=;45:35389359>H75:35E7@3:;85:>I>9;438N5Q;5;4J6=79;5385:345¦§5H;A;53E>8>7@3853@5E7@3:;5@;6>7@;458>@564U=8=4;5:35;F=893G5W5:345P¦§5H;A;53E>8>7@38
8>@564U=8=4;5:35;F=8935753@5E7@3:;539A;@F3A;N
Q75;@93A>7A5835A3V>3A35;54785©¡¯ª¨±¶® ¡¢G5<=3587@54785 ¡¢56=W753E>87A5HA7E3935=@;5A3@9;5753H369;9>K;575H78>C>4>:;:5:35A3@9;5367@?E>6;53@5:>@3A75LE7@3:;5@;6>7@;457
39A;@F3A;MG5W;5<=358>54785VA=9785V=3A;@5H;I;:3A7853@56A>H97E7@3:;85=579A785 ¡¢5>@93A6;EC>;C4385H7A56A>H97E7@3:;8575H7A5:>@3A7575H7A583AK>6>78G53459J9=4753@56=389>?@5@75H7:AJ;
67@8>:3A;A835>@64=>:753@5345;A9J6=475¤NR¥5:354;5QRSG5W5H7A5344754;5A3E>8>?@5:345;A9J6=475¤NR5:354;5QRS5@75475;C;A6;AJ;53@5345>EH=3897563:=4;AN
o·oaqaaa¸¹
\45E>8E759>H75:35A3@:>E>3@9785:35©¡¯ª¨±¶® ¡¢57C93@>:785H7A5=@5A38>:3@9353@5345H;J8567@5A34;6>?@5;5=@5 ¡¢5:35V=3@93539A;@F3A;5LH7A5389;A567476;:7575=9>4>B;:7
367@?E>6;E3@9353@5345393A>7AG5W5@7583A53E>9>:75H7A5=@53E>87A5476;4G5;A98N5º5W5PºG5QRSM5I3@3A;AJ;5A3@:>E>3@9785:35V=3@93539A;@F3A;G5:354;583I=@:;56;93I7AJ;G5<=35<=3:;@
IA;K;:78567@5345A[I>E3@5I3@3A;45W54;5;4J6=79;5HA7IA38>K;5:345;A9J6=475¤G5HA>E3A5HUAA;V7G5:354;5QRSN
o»oaqaaaaaaa
=3:35D;C3A5E7@3:;85:>I>9;438G53E>9>:;85>@89>9=6>7@;4E3@9353@5=@;5R¼5L ¡¢M5<=35@75<=3:;@53@E;A6;:;853@5345>EH=3897563:=4;AG5H3A756=W785VA=9785H=3:3@5@7583A59;EH767
:35V=3@93539A;@F3A;N5T35A3V>3A75;456;875:35=@5 ¡¢53E>9>:753@5345H;J8575476;4>B;:75753H479;:75367@?E>6;E3@9353@53893G5<=35@75389[53E>9>:753@5E7@3:;5@;6>7@;45@>539A;@F3A;
LH7A534475345;A9N5¤NR¥5@75475;C;A6;5W59;EH7675345;A9N5¤NPG5QRSM5H3A75<=35HA7E3935;58=8593@3:7A385C3@3V>6>78575VA=9785;5H;I;A53@56A>H97E7@3:;85753@579A785 ¡¢G5K3@:>C438
4=3I75H7A56A>H97E7@3:;8575:>K>8;8N
\@53897856;878G54785VA=978587@5I;@;@6>;85:35V=3@935;AI3@9>@;G5;46;@B;:;85H7A5345;A9J6=475G5>@6>875PMG5:354;5QRSG5W5IA;K;:785H7A5345A[I>E3@5I3@3A;45:345;A9J6=475¤G5HA>E3A
HUAA;V7G5:354;5QRSN
½D7A;5C>3@G58>5345A3@:>E>3@975:345 ¡¢538587475345;663875;54;5=9>4>B;6>?@5:3583AK>6>785:>I>9;4385Lª±«±¶® ¡¢MG5@7567@8>:3A75<=35H=3:;567@8>:3A;A8353878583AK>6>78567E75=@
A3@:>E>3@975H;I;:753@538H36>3G5IA;K;:7G58>@75EU85C>3@G567E754;567@9A;HA389;6>?@5H7A5475<=3G5;45;:<=>A>A5345 ¡¢G53@5A3;4>:;:5V=35=@;567EHA;5:>V3A>:;5W567@:>6>7@;45:35:>6D78
83AK>6>78N
o¾oat¿ÀÁÂaÃaÄÅÀÆÀ¿ÇÂ
\89;56;93I7AJ;5A3<=>3A35=@;5CA3K353H4>6;6>?@5HA3K>;587CA353458>I@>V>6;:75:354785Ȩ ©5W54785¬±̈¨°©N
Q;5;H4>6;6>?@5<=35A3I>89A;54785E7K>E>3@9785W58;4:785:35ʱ¯±¢5L4;5Ê«¯ ¯Ë¬±¢M5385:356?:>I75;C>3A97N5\89758>I@>V>6;5<=356=;4<=>3A5H3A87@;5H=3:35HA7H7@3A56;EC>7853@53456?:>I7G
<=35443K3@5;5=@;5E3F7A;575>@@7K;6>?@53@54;5V7AE;5:357H3A;A5:354;5H4;9;V7AE;N5=;@:753897856;EC>78587@5;:7H9;:785H7A597:;54;567E=@>:;:5835HA7:=635=@;53K74=6>?@53@54;
936@747IJ;587CA354;56=;4567AA35ʱ¯±¢G5>@67AH7A;@:754;85@7K3:;:38G5H3A758>@5;V369;A53@5@;:;54;5D>897A>;5:354;8593@3@6>;85A3I>89A;:;8N5½D7A;5C>3@G58>53456;EC>75@75385;63H9;:75H7A
97:;54;567E=@>:;:5H3A75>I=;4E3@935835>EH43E3@9;5H7A5;4I=@785@7:785W5E>@3A78G5835HA7:=635=@;5:=H4>6;6>?@5:354;5Ê«¯ ¯Ë¬±¢G567@597:;54;56;:3@;5:359A;@8;66>7@385A3;4>B;:;8
D;89;5345E7E3@9753@5<=3567E>3@B;@5;57H3A;A54;85:785K3A8>7@38G5H3A75;5H;A9>A5:353835E7E3@975835C>V=A6;@54;859A;@8;66>7@385V=9=A;853@5:7856;:3@;85:35C47<=38É5=@;5<=3583I=>AU
67@53456?:>I75K>3F75W579A;5<=3583I=>AU567@54;85A3I4;85:3456?:>I75@=3K7N5\89;5C>V=A6;6>?@5835:3@7E>@;5YȨ Z5L67E75=@;5C>V=A6;6>?@5:356;E>@78MN5½547853V369785HAU69>678G534
A38=49;:75:345Ȩ 5385<=35<=>3@38593@J;@5=@;593@3@6>;5:35ʱ¯±¢53@54;56;:3@;57A>I>@;453@53835E7E3@97G5H;8;@5;593@3A5>I=;45A3I>89A75:3593@3@6>;53@54;56;:3@;5@=3K;G5<=3
;:7H9;@5=@5@7ECA35:>89>@975H;A;53K>9;A567@V=8>?@5LH7A53F3EH47G5ʱ¯±¢¯ 5¬©Ë575ʱ¯±¢®Ì«MN5\8567E758>5345K>3F754>CA75:3567@9;C>4>:;:5:35ʱ¯±¢5D=C>3A;58>:75V79767H>;:7
J@93IA;E3@93G5W53@579A754=I;A567E3@B;A;@5;597E;A835@79;5:354;85@=3K;859A;@8;66>7@385:3547854>CA78567H>;:78G567@5;4I=@;5:>V3A3@6>;53@54;59[6@>6;5:35443K;A5:>6D;85;@79;6>7@38G5W
=@;5@=3K;5:3@7E>@;6>?@5;54;85=@>:;:385;@79;:;8N5\454>CA75Ȩ ¡¬538567EH;9>C43567@54;5D>897A>;5HA3K>;5:3454>CA757A>I>@;4G5H3A754;857H3A;6>7@385H7893A>7A385@75H7:AU@5;H;A363A53@
;EC7854>CA78N5\@567@64=8>?@G53459>9=4;A5:35=@5ʱ¯±¢53@5345E7E3@975:35=@5Ȩ 5H7:AU567@9>@=;A593@>3@:75W5@3I76>;@:758=5ʱ¯±¢G5W5H7:AU59;EC>[@593@3A5W5@3I76>;A579A;5=@>:;:
K>A9=;4G53@54;5@=3K;56;:3@;5:35C47<=38N5\85:36>AG5H7:AU59A;@8V3A>A5345ʱ¯±¢5;5=@;5H3A87@;5W5345ʱ¯±¢®¯¬©Ë5;579A;5H3A87@;N5T>3@9A;85D;W;5H7:3A5:35E>@;:75:>8H=38975;59A;C;F;A
3@5;EC;856;:3@;8G5;EC;8567@9>@=;AU@5V=@6>7@;@:75W5;EC;856A>H97E7@3:;8583AU@5^9>4385H;A;59A;@8V3A>A5K;47AG5HA>@6>H;45=9>4>:;:5E7@39;A>;5:345ʱ¯±¢N
Q75>@93A38;@935:38:35345H=@975:35K>89;5367@?E>675385<=356=;@:75=@5Ȩ 576=AA3G54;5@=3K;5=@>:;:567E>3@B;5;593@3A5K;47A5W5;567EH39>A567@5345ʱ¯±¢N5\K>:3@93E3@93G5345K;47A5:3
=@;5W579A;5:3H3@:3@5:354;57V3A9;5W5:3E;@:;5:35;EC;8G5<=35:3H3@:3@5];58=5K3B]5:354;538H36=4;6>?@G54;583I=A>:;:5L345H7:3A5:35E>@;:7M5W5:354;85:3EU85=9>4>:;:385<=357VA3B6;
6;:;5=@;N5Í>89?A>6;E3@93G5D;576=AA>:75<=354=3I75:345Ȩ 5@75874754;5@=3K;5=@>:;:5K;4>?5EU85<=3563A7G58>@75<=35345ʱ¯±¢59;EC>[@5E;@9=K7575>@64=875>@6A3E3@9?58=5K;47AN5Î=[
9A;9;E>3@975V>86;45:3C3AJ;593@3A5345K;47A5:354;5@=3K;56A>H97E7@3:;5A38=49;@935:345Ȩ
Ï@5V3@?E3@75:>89>@97587@54785¬±̈¨°©5L6;J:785:3456>347MN5£3I=A;E3@935H7A<=35ʱ¯±¢5@=643;5;5=@5=@>K3A875:35H3A87@;85<=3G53@5E;W7A575E3@7A5E3:>:;G53@9>3@:3@5W5K;47A;@54;8
6A>H97E7@3:;8G5D;58>:75C;89;@935VA36=3@935<=353E>87A385:35@=3K;85=@>:;:3856A>H97IAUV>6;854;85:>89A>C=W3A;@5;597:785478593@3:7A385:35ʱ¯±¢5A3I>89A;:7853@5=@5:393AE>@;:7
E7E3@97G5<=3583597E3@53459A;C;F75:35A364;E;A4785;453E>87AN535389;5E;@3A;G53453E>87A5:354;5@=3K;56A>H97E7@3:;575 ¡¢5L9>3@353E>8>?@563@9A;4>B;:;M5835;83I=A;5:35:>V=@:>A54;
3>893@6>;5W5:38H3A9;A53@54;567E=@>:;:5:35ʱ¯±¢5345H793@6>;45>@93A[853@538;5@=3K;5=@>:;:56A>H97IAUV>6;G54756=;4567@9A>C=W35;5:;A435K;47A5;54;85=@>:;:385:>89A>C=>:;85>@>6>;4E3@935W
;54;85@=3K;85=@>:;:38G56=W;85A3I4;85:353E>8>?@5H7:AU5:3V>@>A5345HA7H>753E>87AN5T=6D785:35389785¬±̈¨°©5D;@593@>:759;EC>[@5;4I^@5K;47A5:38:35345E7E3@975>@>6>;45LH78>C43E3@93
345HA7H>753E>87A5D;W;567@9A>C=>:75;5I3@3A;A53835K;47AG5E3:>;@93567EHA;85A3;4>B;:;85H7A5[45E>8E7MN
£>54785Ȩ ©5W5¬±̈¨°©5V=3A;@5VA=978G59;45K3B5H7:AJ;@567@8>:3A;A835IA;K;:785;58=5K;47A5:35H4;B;53@5345E7E3@975:358=5H3A63H6>?@G5H7A5K>A9=:5:345;A9J6=475
¦G5>@6>875;MG5:354;5QRSÉ
YЬ®©ª²¬®´ª¡®©¡¬®¡«®°¨ª¯®¡®«¬®¯«¯¬¯±³¢®¡«®¯¬°±¬«Ñ®¯ª¬«´ª±¡¨¬®©¡¬®©ª®¡¢²±¢¬¯±³¢®®È¨²¬®¡®°¬ÌZN5356=;4<=>3A5V7AE;G583AJ;@53@A><=36>E>3@97858=863H9>C4385:3
H3A>7:>6>:;:5W567@5H3AE;@3@6>;5:354;5V=3@935;A9N5G5>@6N5;MG5QRSN
3A753@5E>57H>@>?@G5@>54785Ȩ ©5@>54785¬±̈¨°©5H=3:3@567@8>:3A;A835VA=9785L@>5HA7:=6978MG5H=38975<=354;5I3@3A;6>?@5:354;85@=3K;85=@>:;:385@75385=@;56;A;693AJ89>6;5HA7H>;5@>
@;9=A;45:345ʱ¯±¢G58>@75<=3587@5I3@3A;:;85364=8>K;E3@935H7A5;66>?@5W5K74=@9;:5:35=@5;I3@935393A@75L<=35@753858=59>9=4;AMG5<=35:36>:35H7@3A53@5E;A6D;5=@;5@=3K;5Ê«¯ ¯Ë¬±¢
67@5A367@76>E>3@975:354785C47<=385;@93A>7A385L6;875:345Ȩ M575C>3@58>EH43E3@9353@9A3I;A5@=3K;85=@>:;:385;5478593@3:7A385:354;85;@93A>7A385L6;875:345¬±̈¨°MN5Ò7587@5=@;
I3@3A;6>?@5@;9=A;457538H3A;:;5:345ʱ¯±¢G5@>5<=35:3H3@:;5:354;5;66>?@5:358=59>9=4;AG5EU85;44U5:354;5EJ@>E;5;66>?@5:35A364;E;A478575674369;A4785L874753@53456;875:354785¬±̈¨°©G
H=3853@53456;875:354785Ȩ ©58=59>9=4;A547859>3@35;=97EU9>6;E3@935W587475:3C35=9>4>B;A478G575K3@:3A478MN
7A53447G53459A;9;E>3@975V>86;45H;A;54785>@:>K>:=785:3C3AJ;5443K;A5;567@8>:3A;A54;85@=3K;85=@>:;:38G58=H7@>3@:75<=356;4>V><=3@567E75E7@3:;85:>I>9;438G567E75;:<=>A>:;85;567897
63A7N57A54759;@97G53@56;875:353@;F3@;6>?@G5345A38=49;:75<=3:;AJ;5IA;K;:7583I^@54;85E7:;4>:;:385LW5:>V>6=49;:38MG5;@;4>B;:785;@93A>7AE3@935H;A;56;:;59>H75:35E7@3:;G5V=3@93G
6;A;693AJ89>6;85:353E>8>?@G58=F397G5396N
Q7858=F397853EHA38;G53@56;EC>7G5835K3AU@57C4>I;:785;5K;4=;A54;85@=3K;85E7@3:;85:>I>9;4385;58=5K;47A5:35679>B;6>?@5;456>3AA35:356;:;53F3A6>6>75W5IA;K;A54;85I;@;@6>;8
67@836=3@9385;A9N5OG5>@6N56MG5QRSN
`abafseflrg_seig
Q;583@8;6>?@5<=35:3F;54;543W5º
¤53@58=59A;9;E>3@975:354;85E7@3:;85:>I>9;43853854;5:35D;C3A58>:75;HA38=A;:;G5H7675H3@8;:;5W5]87CA3597:7]5HA3E;9=A;G5H7A59A;9;A567@5;K>:3B
A36;=:;97A>;5=@5V3@?E3@75;^@5>@6>H>3@93G5:35=@5H793@6>;45367@?E>675W5876>;45;^@5:3867@76>:75H;A;534543I>84;:7A5W5D;89;5H;A;58=85HA7H>785:38;AA744;:7A38N
;A;5H37AG54;543W5HA383@9;5>@67@8>893@6>;8543I;4385:>VJ6>4385:35A3874K3A58>@5E3AE;5:354785HA>@6>H>785:3543I;4>:;:5W5:35A;B7@;C>4>:;:N5£>5C>3@58354;85HA393@:>?5;8>E>4;A5;54;8
I;@;@6>;85:3A>K;:;85:35>@K3A8>7@3853@59J9=4785K;47A38567@5679>B;6>?@G5345A38=49;:757C93@>:75385;C874=9;E3@935:>8H;AG567EH43F75:35>@93AHA39;A535>EHA36>87N
3H;83E785;4I=@785:354785HA>@6>H;4385HA7C43E;85:39369;:78É
;M5\4567@63H975:35E7@3:;85:>I>9;4385@75389U5:3V>@>:7G5@=@6;5D;58>:75;8J5=9>4>B;:753@5345H;J85@>53@5345:3A36D7567EH;A;:7G5W5H7:AJ;58>I@>V>6;A56=;4<=>3A5678;N5£>5835;H4>6;A;
7CF39>K;E3@935;597:;854;856A>H97E7@3:;8G5835HA7:=6>AJ;@5;AC>9A;A>3:;:385W5:38367@7EJ;85@797A>;85H;A;547858=F397853EHA38;5W5:>V>6=49;:38567@9;C4385>@E;@3F;C4385H;A;5478
!"#$2%&'&%2(2)'$2450*504+03,43-05,)'$./0#&!'$12"% -2*
012324545 678
78 768 6
6
8 7 678
78
7
78
3453635789:
;<=>?@?=A89=97BCD89=CEF@C9?=G7C=7D3A3H?4=A?9=I@3FD8E84C5?9=I8E8=3497E89=5C=9C@63I389=DCI48AJK3I89L=CA=D@?D?E3C4D8=5C=A?9=E39E?9=I8E8=346C@9384C9=M=97=?F@CI3?I3J4=N39I?A
F8@=6?A8@=5C=I8D3H?I3J4=KC4C@?=K?4?4I3?9=N3ID3I3?9=M=C4D8@FCIC=CA=5C9?@@8AA8=DCI48AJK3I8<
O<=>?@?=A89=3453635789=G7C=7D3A3IC4=A?9=I@3FD8E84C5?9=C4=8FC@?I384C9=I8D353?4?9=I8E8=7435?5=5C=I?EP38L=@C9C@6?=5C=6?A8@=5C=I8@D8=FA?H8L=8=5C=I3@I7A?I3J4=8=C46Q8=5C=N84589L
A?=8PA3K?I3J4=5C=5CDC@E34?@=K?4?4I3?9=F8@=I?5?=C4?BC4?I3J4=@C97AD?=?P98A7D?EC4DC=3EF@?ID3I?PAC<
PR=S?9=53N3I7AD?5C9=F?@?=5CN343@=A?=N7C4DC=5C=A?=K?4?4I3?=T?@KC4D34?=8=CUD@?4BC@?R=F7C5C=AAC6?@=?=I84IA73@=G7C=C4=A?=E?M8@Q?=5C=A89=I?989=A?9=K?4?4I3?9=F8@=A?=C4?BC4?I3J4=5C
I@3FD8E84C5?9=V?4=G7C5?58=53@CID?EC4DC=N7C@?=5C=A?=ACM<=W4=D858=I?98L=V?4=G7C5?58=N7C@?=5CA=3EF7C9D8=IC57A?@<
IR=S?=34CU39DC4I3?=5C=E84C5?=5C=CE393J4=C4=A?9=I@3FD8E84C5?9=T9?A68=?AKX4=I?98=V3F8DYD3I8=5C=?AKX4=_`abc=C4=74?=Z[\R=CUIA7MC=5CA=3EF7C9D8=IC57A?@=F@]ID3I?EC4DC=A?
D8D?A35?5=5C=A?9=K?4?4I3?9=8PDC435?9=F8@=A?=C4?BC4?I3J4=5C=I@3FD8E84C5?9=F8@=A89=3453635789<=S?=34DC@F@CD?I3J4=E]9=A3DC@?A=AAC6?@Q?=?=K@?6?@=C9D?9=K?4?4I3?9=^97FC@?58=CA=DCE?
5C=A?=N7C4DC^=F8@=A?=C9I?A?=F@8K@C936?=5CA=@YK3EC4=KC4C@?A=M=48=I8E8=@C4D?9=N34?4I3C@?9<
5R=S?=V?P3D7?A35?5=^74=I84ICFD8=G7C=D3C45C=?=9C@=3@@CAC6?4DC=C4=A?=ACM=E853N3I?5?^=F7C5C=I?79?@=A?=?FA3I?I3J4=5CA=3EF7C9D8=F@8K@C9368L=@YK3EC4=KC4C@?AL=9CKX4=A?9
I?@?IDC@Q9D3I?9=5C=CE393J4=G7C=DC4K?=I?5?=E84C5?=53K3D?A<
CR=d8=9C=?FA3I?=A?=CUC4I3J4=F?@?=PC4CN3I3?@389=5CA=CUDC@38@=G7C=@C?A3IC4=K?4?4I3?9=F8@=C4?BC4?I3J4=5C=_`abc=CE3D3589=C4=A?=e@KC4D34?L=A8=I7?A=539I@3E34?=M=5C934IC4D36?=A?=6Q?
E]9=E85C@4?=F?@?=CA=N34?4I3?E3C4D8=C=34K@C98=5C=I?F3D?AC9<
W4=5CN343D36?L=I84935C@8=G7C=A?=ACM=V?=C@@?58=97=8PBCD368<=S?=F893P3A35?5=5C=C4EC45?@=C9DC=MC@@8=F8@=6Q?=@CKA?EC4D?@3?=9C=6C=53NQI3A=M=48=A3P@C=5C=I7C9D384?E3C4D89<=>C@8=A?
8E393J4=5C=74?=P7C4?=M=I8EF@C4936?=@CKA?EC4D?I3J4=KC4C@?=?X4=E]9=575?9=C=34IC@D357EP@C9=F?@?=A89=C6C4D7?AC9=I84D@3P7MC4DC9L=G7C=48=9?P@]4=?=G7Y=?DC4C@9C<
[@C8=G7C=A?=ECB8@=M=E]9=V84C9D?=?ID3D75=5CA=@CKA?EC4D?58@=9C@Q?=979FC45C@=A?=?FA3I?I3J4=5C=A?=ACM=Ofghi=@C9FCID8=5C=A?9=I@3FD8E84C5?9L=V?9D?=D?4D8=9C=I8EF@C45?=ECB8@=C9D?
349845?PAC=47C6?=@C?A35?5=5C=A?9=I@3FD8E84C5?9=M=9C=A8K@C4=5CN343@=M=I?FD7@?@=A89=VCIV89=3EF843PAC9=G7C=@C?AEC4DC=9C?4=I8EF?@?PAC9=I84=A?=@C4D?=N34?4I3C@?=G7C=C9D?=ACM=V?
P79I?58=I?FD7@?@<
j
klmnop
T;R=q8P@C=CA=@YK3EC4=N39I?A=?4DC@38@=5CA=xy_z`yc=M=A89=@3C9K89=5C=34IC4D36?@=A?=34N8@E?A35?5=I84=EC535?9=N39I?A39D?9=5CPC4=6C@9C=A?9=589=C4D@CK?9=5C=rMP43sL=t?43CA:=u[JE8=93D7?@=M=48=93D3?@
D@3P7D?@3?EC4DC=?A=xy_z`ycvL=C4=www<A?ACM84A34C<I8E=TOi;fR<=eF@86CIV8=C9D?=48D?=F?@?=?K@?5CIC@=?=t?43CA=V?PC@EC=34D@857I358=C4=C9DC=?F?9384?4DC=E7458=5C=A?9=I@3FD8E84C5?9L=A?9=V8@?9
5CP?D35?9=98P@C=C9D89=DCE?9=M=97=ACID7@?=M=I8EC4D?@389=@CI3P3589=98P@C=C9DC=D@?P?B8
{C@=D?EP3Y4=|@?45DL=}?@Q?=Z<=M=[?9D@8L=t?3?4?:=u~4?=?F@8U3E?I3J4=?A=D@?D?E3C4D8=N39I?A=5C=A?9=8FC@?I384C9=I84=xy_z`ycv=^=tW=^=Oi;
TOR=W9=E7M=A?EC4D?PAC=9C?A?@=G7CL=?=FC9?@=5C=G7C=CA=>85C@=WBCI7D368=?4D3I3FJ=C9D?=@CN8@E?=D@3P7D?@3?=I84=E]9=5C=74=?8=M=C9D?P?=I8EF@8ECD358=?=3468A7I@?@=?A=[84K@C98=F?@?=A8K@?@=74
@C97AD?58=5C=E?M8@=I?A35?5=DYI43I?L=A?=ACM=Ofghi=DC@E34J=93C458=74=CUF84C4DC=E]9=5C=u3EF7C9D?H8v=F8AQD3I8L=934=434KX4=C9D7538=43=979DC4D8=DYI43I8=CUFAQI3D8<=d8=N74I384?@84=?A=CNCID8=43=A?
[8E393J4=|3I?EC@?A=F?@?=A?=rCN8@E?=@3P7D?@3?=TS<=OfOiL=[?F<=Z{R=43=A?=t3@CII3J4=5C=e4]A3939=39I?A=@3P7D?@38=5C=A?=\N3I34?=5C=>@C97F7C9D8=5CA=[84K@C98=TS<=OfhghR<=>C8@=?X4L=CA=3EFC@3898
?I7C@58=F8AQD3I8=8PA3KJ=?A=qC4?58=?=CUFC53@9C=C4=EC489=5C=74?=9CE?4?L=934=I?F?I35?5=5C=I?EP3?@=43=74?=I8E?=?A=F@8MCID8=?F@8P?58=C4=t3F7D?589
ThR={C@=5CD?AAC=M=F?@D3I3F?I3J4=C4=A?=I?F3D?A3H?I3J4=5CA=EC@I?58=C4=I834E?@sCDI?F<I8EC9
TgR=uc
b_b
bc_y`
`cb
y_b
b
ybbczyc
b
ycb`
bbz_cyz`
b
b
c
bzcy`
_cby
yy_bc_b
`cb
yzyy
b
bzy
byc_b
b
z
b
_cybbc
bbz_cyzbc_b
`cb
b
_ybcbc
z`
b
bc
c
`
yyzzycv
TR=www<N?DN^K?N3<8@KEC53?N?DN58I7EC4D9@CF8@D9{3@D7?A^I7@@C4IM^sCM^5CN343D3849^?45^F8DC4D3?A^?EA^IND^@39s9<F5N<=\D@?=5CN343I3J4=C4=93E3A?@=9C4D358=C9=A?=CA?P8@?5?=E]9=@CI3C4DCEC4DC=C4
A89=W9D?589=~43589=F8@=CA=d?D384?A=[84NC@C4IC=8N=[8EE39384C@9=84=~43N8@E=qD?DC=S?w9=F?@?=97=E85CA8=5C=ACM=5C=@CK7A?I3J4=5CA=4CK8I38=5C=A?9=E84C5?9=63@D7?AC9L=?F@8P?58=C4=B7A38Oi;f<
{C@= A?= 6C@93J4= ?F@8P?5?L= A?9= 6C@9384C9= ?4DC@38@C9L= 979= 48D?9= M= A89= I8EC4D?@389= @CI3P3589= C4= www<743N8@EA?w9<8@K[8EE3DDCC<?9FU
D3DACrCK7A?D384Oi8NOi{3@D7?AOi[7@@C4IMOi|7934C99C9OieID
TR=Z4DC@C9?4DC=346C4D?@38=5C=A?9=E7M=536C@9?9=7D3A35?5C9=5C=A?9=I@3FD8E84C5?9=@C9C?=A?=48D?=5C={3ID8@3?=d863AA8=q?@?63?=C4=CA=53?@38=S?=d?I3J4=5CA=;f;Oi;L=C4
www<A?4?I384<I8E<?@O;i;if
TfR=}C=@C97AD?=E]9=9C4I3AA8=M=7436C@9?A=@CNC@3@EC=?=u3453635789v=M=?=u@C4D?9=34536357?AC9v=G7C=?=ub`c
c
zbỳcb
ycyyv=M=979=@C4D?9L=G7C=C9=A?=CUF@C93J4=DYI43I?<=?A
I8E8=97IC5C=I84=CA=C4K8@@898=939DCE?=?47EY@3I8=@CNC@358=C4=A?=48D?=L=CA=ACK39A?58@=5CPC@Q?=9C@=I849I3C4DC=5C=A?=C4C@KQ?=34DCACID7?A=G7C=489=8PA3K?=?=53A?F35?@=I84=A?=7D3A3H?I3J4=5C
CUF@C9384C9=G7C=F7C5C4=9C@=N]I3AEC4DC=5CN3435?9=M=93EFA3N3I?5?9
TR=ZEF@86398=C9D?=N8@E?=5C=47EC@?I3J4=F?@?=@CNC@3@EC=?A=ub_`
_z`
ycb_`
z`c_yczyc
b
_z`
b
b
b
yb_`
cczyv<=W9DC=939DCE?=?47EY@3I8=5C=349C@D?@=M
@CNC@3@9C=?=48@E?9=C9=74?=I?A?E35?5<=S?EC4D8=G7C=CA=@C5?ID8@=48=V?M?=?F@86CIV?58=C9D?=8F8@D7435?5=F?@?=?P?4584?@=A?=5C9?K@?5?PAC=I89D7EP@C=5C=34IA73@=?@DQI7A89=934=47EC@?I3J4=C4=CA
DCUD8=ACK?A<=[CACP@8L=C4=I?EP38L=G7C=CA=?@D<=h;=5C=A?=ACM=Ofghi=V?M?=F@C639D8=5CACK?@=C4=CA=>85C@=WBCI7D368=A?=D?@C?=5C=8@5C4?@=A?9=ACMC9=D@3P7D?@3?9L=34D@857I3C458=A?9=E853N3I?I384C9
K@?E?D3I?AC9=34539FC49?PAC9=F?@?=97=D@?D?E3C4D8<=W9FC@8=G7C=C9D?=5CACK?I3J4=9C?=F@84D8=?F@86CIV?5?=F?@?=@C47EC@?@=5C=C9D?=7=8D@?=N8@E?=?E3K?PAC=D?4D?9=539F893I384C9=53NQI3AC9=5C=ACC@
T¡R=[7@389?EC4DCL=48=9C=34IA7MC=EC4I3J4=?=A?9=uE84C5?9=53K3D?AC9v=C4=CA=34I398=?4DC@38@L=G7C=K@?6?=I84=A?=?AQI78D?=5CA==A?9=K?4?4I3?9=4CD?9=F8@=A?=C4?BC4?I3J4=5C=6?A8@C9=ubc
`cb
czỳc
yc
z¥
b
_bv=¢?@D<=¡i<{L=34I<=?RL=SZ¦£<=W9D?=8E393J4=C9=E]9=I7@389?=?X4=F8@=I7?4D8=A?=6C@93J4=?F@8P?5?=F8@=CA=53ID?EC4=5C=E?M8@Q?=5C=A?=[8E393J4=5C=>@C97F7C9D8=M
¤?I3C45?=CA=;O;OOi;f=9Q=34I8@F8@?P?=74?=EC4I3J4=CUF@C9?=C4=C9DC=34I398=F?@?=A?9=E84C5?9=53K3D?AC9
T;iR=Z4IC@D357EP@C=?P84?5?=D?EP3Y4=F8@G7C=CA=?@D<=<Z=5CA=rZ¦=?IA?@?=G7C=u5CE]9=6?A8@C9vL=CUIA7936?EC4DCL=93K43N3I?=ub`
`b
cb`zyxb
by_y`
`
`
bc
byb
zb_yxb
b
b
z`bzyy§`
bc
x`
`
bz`v
T;;R=www<38D?<8@K
T;OR=www<@3FFAC<I8E
T;hR=www<E84C5?F?@<I8E
T;gR={C@=CA=D@?P?B8=5C=r73H=¦73?HXL=@?4I39I8:=u¨cy_y
©`yc
ªbyc:=Z4D@857II3J4=?A=@YK3EC4=ACK?A=5CA=z`«cyc=I84=I@3FD8E84C5?9vL=C4=www<?P8K?589<I8E<?@=TOi;fR
T;R=e=A89=CNCID89=F@]ID3I89L=C9D8=9C=@C?A3H?=KC4C@?AEC4DC=EC53?4DC=74?=34DC@N?H=F?@?=CA=E?4CB8=5C=IA?6C9L=G7C=C9=CA=9C@63I38=G7C=F@8F8@I384?4=A?9=?FA3I?I384C9=5C=P3AACDC@?9=FC@984?AC9=8=A89
539F893D3689=CACID@J43I89=5C=?AE?IC4?E3C4D8=C4=«b<=?EP3Y4=F7C5C=E?4DC4C@9C=A?=IA?6C=F@36?5?=3EF@C9?=C4=74=F?FCA=Tb
«b_R
T;R=S89=bzcb=984=FA?D?N8@E?9=C4=AQ4C?L=?=A?9=I7?AC9=A89=IA3C4DC9=?IIC5C4L=F@C63?=6C@3N3I?I3J4=5C=35C4D35?5=M=58E3I3A38=M=?FC@D7@?=5C=I7C4D?=FC@984?AL=I84=74=4XEC@8=8=48EP@C=5C
797?@38=M=I84D@?9C?<=S89=bzcb=@CI3PC4=53639?9=8=I@3FD8E84C5?9=C4=5CFJ93D8=M=V?P3A3D?4=?=8FC@?@=I84=8D@89=797?@389L=C4=74=]EP3D8=?P3C@D8=M=5C9@CK7A?58L=F843C458=M=D8E?458=J@5C4C9
5C=I8EF@?=M=5C=6C4D?L=D?A=I8E8=8FC@?=I7?AG73C@=EC@I?58=5C=6?A8@C9=CACID@J43I8<=W4=C9D89=I?989L=A89=xy_z`yc=C4=A?=x`zazyc=M?=48=C9D]4=P?B8=CA=58E3438=5CA=D3D7A?@=F7C9=A?9=IA?6C9=F@36?5?9
F?9?=?=DC4C@A?9=CA=bzcbL=G7C=D8E?=48D?=M=@CI848IC=?=I?5?=IA3C4DC=5CF893D?4DC=74=I@Y53D8=F8@=A?9=I@3FD8E84C5?9=5CF893D?5?9=8=I8EF@?5?9<=[7?458=CA=IA3C4DC=@CD3@?=979=I@3FD8E84C5?9=T8
534C@8RL=CA=bzcb=@C?A3H?=74?=D@?49NC@C4I3?=?=A?=53@CII3J4=5C=x`zazyc=T8=I7C4D?=P?4I?@3?R=5CA=IA3C4DCL=M=5C95C=C9C=E8EC4D8=CA=58E3438=D8D?A=M=?P98A7D8=5C=A?=I@3FD8E84C5?=F?9?=?A
IA3C4DC=T8=?=G73C4=I84D@8AC=A?9=IA?6C9=F@36?5?9=5C=A?=53@CII3J4=?=A?=G7C=V?M?=9358=C463?58=CA=@CD3@8=CNCID7?58R<=S?9=I?9?9=5C=I?EP38=D?EP3Y4=@CI3PC4=A89=xy_z`yc=C4=5CFJ93D8=F?@?=@C?A3H?@=CA
I?EP38L=FC@8=48=FC@E3DC4=8FC@?@=53@CID?EC4DC=C4=CA=EC@I?58L=I84=A89=5CE]9=I8EF@?58@C9=M=6C45C58@C9
T;fR={C@L=934=CEP?@K8L=CA=?4]A3939=98P@C=A89=xy_z`yc=@CI3P3589=F8@=9C@63I389=C4=CA=F74D8={Z
T;R={C@=F74D8=h<h
T;¡R=>8@=CBCEFA8L=www<@3F38<I8E=M=www<?@KC4PDI<I8E<=S?=34N8@E?I3J4=E]9=?EFA3?=98P@C=I?EP39D?9=F?@D3I7A?@C9=C=349D3D7I384?AC9=5C=xy_z`yc=C9D]=?P3C@D?=C4=www<A8I?AP3DI834<I8E
TOiR=>8@=CBCEFA8L=www<P3DN34CU<I8E¬=www<P3D9D?EF<4CD¬=www<3DP3D<I8E¬=www<F8A843CU<I8EL=C4D@C=8D@89<
TO;R=>8@=CA=E8EC4D8=48=CU39DC=CE393J4=9CI745?@3?=5CA=D3F8=P?4I?@38L=F8@=@C9C@6?=N@?II384?@3?L=F7C9=F@]ID3I?EC4DC=48=CU39DC=74=EC@I?58=N34?4I3C@8=5C=5CFJ93D89=M=F@Y9D?E89=5C=xy_z`yc
TOOR=S?=@CI3C4DC=?5E393J4=5CA=F?K?@Y=53K3D?A=CE3D358=98P@C=I7?AG73C@=DCI48A8KQ?=G7C=ub
bb
ycxy_xbbc_b
b_bỳy§zyc
b
`c_
b
bc`c_b
yc_by
b
yc_bc_`v=¢tS=¡;¡hL=?@D<=;L=34I<=RL=E853N3I?58=F8@=t<=OfOi;£=F85@Q?=N?I3A3D?@=A?=N7D7@?=CE393J4=M=I3@I7A?I3J4=5C=u_`abcv=C4=A?=FA?D?N8@E?=x`zazycL=I84=A?=4?D7@?ACH?=5C
8PA3K?I384C9=5C=F?K8=CU3K3PAC9=I8E8=DQD7A8=CBCI7D368
TOhR={C@=48D?9=f=M=
TOgR={C@L=F8@=CBCEFA8L=uqF?43C@L=eAPC@D8=¦?P@3CA=M=8D<v=^=d=^=q?A?=e=^=;;;OOiif=TM=979=I3D?9R=^=[3D?=53K3D?A=W\S~;;f;ie
TOR=W9=E]9L=C4=A?=ACM=E853N3I?5?L=A?=V?P3D7?A35?5=D3C45C=?=5C9?F?@CIC@=I8E8=5?D8=@CAC6?4DC=F?@?=I?A3N3I?@=A?=K@?6?P3A35?5=5C=A?9=K?4?4I3?9=5C=I?F3D?AL=D?4D8=5C=DQD7A89=6?A8@C9=I8E8=5C
34E7CPAC9<
TOR={C@=F74D8=h<O<;
TOfR={C@=@C97EC4=5C=F@34I3F?AC9=I8D3H?I384C9=C4=www<I834E843D8@<34N8
TOR=W9D?=C9=74?=5C=A?9=@?H84C9=F8@=A?9=I7?AC9=?AK74?9=FC@984?9=F@CN3C@C4=5?@=979=I@3FD8E84C5?9=C4=5CFJ93D8=?=74=DC@IC@8L=?=G73C4=5CACK?@AC=CA=58E3438=5C=A?=IA?6C=F@36?5?<=WA=5CF893D?@38
?K@CK?=97=F@8F38=@3C9K8=I@C53D3I38=M=5C=9CK7@35?5=5C=979=939DCE?9=M=F@8IC989L=FC@8=34I8@F8@?=CA=@CI848I3E3C4D8=M=?DC4I3J4=?A=IA3C4DCL=I89?=D8D?AEC4DC=34CU39DC4DC=C4=A?=x`zazyc
TO¡R={C@=F74D8={
ThiR=W9=48D?PAC=CA=K@?58=5C=I84N3?4H?=G7C=KC4C@?4=C9D?9=FA?D?N8@E?9=M=9C@63I389L=G7C=E7C6C4=I3C4D89=5C=E3AA84C9=5C=5JA?@C9=53?@389=I?93=934=434KX4=@C9F?A58=43=@CK7A?I3J4=B7@Q53I?
Th;R=d8=C9D]=IA?@8=?=G7Y=uD3F8v=5C=8FC@?I384C9=9C=@CN3C@CL=C9=5CI3@L=93=5CPC4=@C9D@34K3@9C=A?9=5C57II384C9=?=G7CP@?4D89=5C@36?589=98A?EC4DC=5C=A?=C4?BC4?I3J4=5C=E84C5?9=53K3D?AC9L=8
D?EP3Y4=?=G7CP@?4D89=F8@=C4?BC4?I3J4=5C=A89=5CE]9=u6?A8@C9v=G7C=?I8EF??4=?=A?9=E84C5?9=53K3D?AC9=C4=97=I?@?IDC@3H?I3J4:=uzzỳcb
`b
bbbc__y`
zb_yyz`
b
by_`
b
zzỳcb
b¥
`b
z`_
_yzyzỳcb
`zyb
®yczbc`
`c`
z`cb
b
ycbyc
`
bc_yb
z`c
`_
bc`yczyc
b
zc
yb
czỳcb
ybyz`y`
`
z`c__`
yyb®
`cb
yy_b
__`
x`c`
b¥
`bv<=S?=34DC@F@CD?I3J4=939DCE]D3I?=EC=AAC6?=?=989DC4C@=G7C=D85?9=C9D?9=I8EF@C45C4=74=E39E8=uD3F8v=5C=8FC@?I384C9<=d8
98A8=F8@G7C=?9Q=C9D]4=?K@7F?5?9=C4=D85?=A?=ACML=9348=F8@G7C=CA=?@D<=;¡L=9CK7458=F]@@<L=SZ¦L=?IA?@?=C4=N8@E?=CUF@C9?=C9D?=34DC@F@CD?I3J4=?A=?K@7F?@=C4=74?=E39E?=IA?9C=A?9=K?4?4I3?9=M
G7CP@?4D89=5C=C9DC=E39E8=I84B74D8=5C=8FC@?I384C9L=I7?458=984=5C=N7C4DC=?@KC4D34?