K(%0:4'#'""%#-'0>1#"1#$14-1#*'#-4#,&*,8'0'&$,1#@1$,1#"1-#$%-1-#54&*1&1-L#K~ƒƒL9

-'#-'&)A#'&#"1#0,3'01#*'"#e1&='-#1#1.4&10#@1-)1#"1#54'0)'#.#1#'&)0'=10-'#1#"%-
(,'-#*'#"%)%#*'"#E'G%0#YZ[S1#K~ƒgL7
!&#'-1#%$1-,A&9#=01&*'-#-13,%-#.#0'.'-#*'#)%*1-#(10)'-#*'"#4&,6'0-%#""'=10%&#1@>
1# (0'-'&$,10# '"# ="%0,%-%# '6'&)%# K~ƒ~L7# +'-(4O-# *'# 0'$,3,0"%-# $%&# 0'-(')4%-1-
%01$,%&'-9# X1@J0JD1# B10IU[,)# "'-# (,*,A# :4'# "'# @13"101&# *'"# ,&51$4"1*%# *'3'0
*'#)%*%-#'&#)%*1-#"1-#$,0$4&-)1&$,1-9#.#'-('$>8,$15'&)'#*'#1:4'""%-#:4'#'-);&#1
(4&)%#*'#5%0,0‡#K~g`L7
!&#'-'#5%5'&)%9#'"#=01&#-13,%#H4U1*'61#e%-6J5I#'&)01#'&#"1#1-153"'1#K~gaL7
k'$%&%$,O&*%"%# $%5%# 4&# =01&# -1&)%9# )%*%-# "%-# -13,%-# 0'4&,*%-# "'# %80'$'&
0'-(')%-7# N"# )%51# -4# '<$'"-%# 1-,'&)%# K~b]L9# .# B10IU[,)# X1@J0JD1# "'# %80'$'
%01$,%&'-#*'#="%0,8,$1$,A&#K~b^L#.#"'#*,$'#"4'=%p#WF#'0'-#'"#51'-)0%#'-(,0,)41"
*'#=01&*'-#-1&)%-#.#*'6%)%-7#B%0#"%#)1&)%9#)'#04'=%#:4'#5'#'&-'G'-#$4;"#'-#'"
$15,&%# *'# "1# ('08'$$,A&# (101# )%*1-# "1-# ('0-%&1-9# .# '-('$,1"5'&)'# (101# 1:4'"
:4'#'-);#1#(4&)%#*'#5%0,0#K~b~L7#B%0#816%09#@1T5'#-13'0#"%#:4'#4&#@%530'#*'3'
%>09# $1&)109# 0'$%0*10# .# 1*%0109# .# )153,O&# "%# :4'# &%# *'3'# @1$'07# B%0# 816%09
'<(">$15'#)%*%#'-%‡#K~`_L7#+'-(4O-#*'#:4'#'"#0'.#"%#,&)'00%=A#*'#'-1#51&'019#"1
=01&#.#(%*'0%-1#('0-%&1",*1*9#H4U1*'61#e%-6J5I9#$%5'&TA#1#0'-(%&*'0#K~`}L7

R1&)%#]

1.*2/$)0'3

456'7!89:;<56'=8'4>6'65?@>6

*.PNI,;,
 2803%$201)%+%,%-<0,*./&<,*9%
>%3$*&90%.9%09%-20_3,%9*&04-%"%-%;0?*"-)<C,0%1)4>S%Q0.,%"*Y
-<3<01"%)$%0)H&*09%0*&4'L%,%9<0$/)9%3-409%-0.5"%9%Q
-<>2',*"4'$H&*809%-)*0,434$%9209%-"%0-"4'.%"+20_$HC*
&)*$3*0.,<3%0.%&*034"%.-%'L/)%L%80.%-9%807%"%80&)#$%)4

2$m„%@9#5,#E'G%0…C#3%$%Qm%80'$,'&*%#5,-#0'6'0'&$,1-C#1)%+%,%-<m1#"1
B'0-%&1",*1*#*'#+,%-C#,*./&<,*9%m1#/J-4*'61#K'"#@,D%#*'#/1-4*'61L9#%#'"
E'G%0#H0I#YZ[S19#'"#E'G%0#(0,5%0*,1"C#>%3$%'*&4m$0'1$,A&9#$%&-'061$,A&#.
*'-)04$$,A&C#%.9%m*'#"%-#4&,6'0-%-#51&,8'-)1*%-C#9%-%Qm*'#:4,'&C
%3,%9*-m*,0'$)15'&)'C#4-%"%-%Qm,&*,0'$)15'&)'C#?%m.C
%"-)<C/m(0%(A-,)%-C#%1)4>S%Qm("'&15'&)'#$%&-$,'&)'C#.,%'"*Ym)%)1"5'&)'
,&*'('&*,'&)'C#-<3<m,5(10),AC#1"%)$%m'"#$%&%$,5,'&)%#6O*,$%C#)H&*m"1
$%&$,'&$,1#*'"#$%01TA&C#9%Qm1:4'"#:4'C#*&4'L%,%9<m1"#(0,5'0#-'0#$0'1*%C
$/)9%3-4m'-);&#'&=1G1*%-C#9%-m0'-('$)%#1"#$41"C#.5"%9%Qm=01&*'-#-13,%-#.
-'5,*,%-'-C#-<>%Qm84'=%C#,*"4m1=41C#$H&*$m),'001C#9%-)*m)1&)%#$%5%C
,434$%9%Qm1$$,A&#.#0'1$$,A&C#9%-"%m$%&#"%#$41"C#-"4'.%"+%Qm"1-#)0'-
5%*1",*1*'-#*'#"1#$0'1$,A&9#"1-#81$4")1*'-#$0'1*%01-C#%$HC*m$1-,#0'1"C
&)*$3*mD4&)%#$%&#)%*%-#"%-#'&-'0'-#)01-$'&*'&)1"'-C#.,<3%m*'#8%051
14)%-48,$,'&)'C#.%&*m-,'5(0'C#34"%.-%m&'=1$,A&#(%0#"1#14-'&$,1#*'C
L/)%L%$m,"4-,A&C#.%-9%$m6'0*1*C#7%"%$m13-%"4)1C#&)#$%)4m.%#5'*,)%
'&7

FPCMG55!bJ
cI7d,Z),N01%$d,3$4,QRST+d,7)W%,&0,*+/'&0O+ed,c%7d,D0$/%"+L)&+&,&0,M)%/
%Z")9$0/0"#0ed,+,F),F0,%U$02(%,Z)/,$0/90#'%/+/,$0O0$0"()+/f,g%,Z0&)#%,0"
0L,N01%$,3$4,QRST+d,9%$h'0,`L,0/,L+,*0$&+&,C:/%L'#+,-,L+,(+'/+,9$)Z%$&)+L
&0,#%&+/,L+/,(+'/+/,&0,L+,($0+()V"d,(%"/0$O+()V",-,&0/#$'(()V",&0,L%/
'")O0$/%/,Z+")U0/#+&%/f,`L,0/#i,&)$0(#+,0,)"&)$0(#+Z0"#0,(%"/()0"#0,&0
#%&+/,L+/,Z+")U0/#+()%"0/d,-,0/,)"&090"&)0"#0d,9'0/,"%,0j)/#0,")"K'"+,%#$+
(+'/+,Zi/,+LLi,&0,`Lf,.",0L,9$)"()9)%,U'0,k")(+Z0"#0,`L,h')0",)Z9+$#)V,0L
(%"%()Z)0"#%,Ol&)(%,0",0L,(%$+2V",&0,[$+7Z8W4d,0L,/0$,O)O)0"#0,%$)K)"+Lf,`L
7+(0,h'0,7+/#+,L%/,K$+"&0/,/+:)%/,-,/0Z)&)%/0/,/0,0"K+10"d,#+L,(%Z%,+,'"%
L%,(%"U'"&0",L+/,$09$0/0"#+()%"0/,)L'/%$)+/,&0L,+K'+,h'0,/0,O0,0",0L,U'0K%d,%
&0,L+,#)0$$+,h'0,/0,O0,0",0L,+K'+f,m")(+Z0"#0,&0:)&%,+,`Ld,L%/,'")O0$/%/
Z+#0$)+L0/d,Z+")U0/#+&%/,#0Z9%$+LZ0"#0,9%$,L+/,$0+(()%"0/,&0,L+/,#$0/
Z%&+L)&+&0/,&0,L+,"+#'$+L02+d,9+$0(0",$0+L0/d,+'"h'0,/%",)$$0+L0/f,D%$
(%"/)K')0"#0d,-%,Z0&)#%,0",`Ld,0L,N01%$,3$4,QRST+d,h')0",0j)/#0,0#0$"+Z0"#0
0",L+,Z%$+&+,#$+/(0"&0"#+Ld,L+,('+L,/)0Z9$0,0/#i,L):$0,&0,L+/
$09$0/0"#+()%"0/,)L'/%$)+/,&0L,Z'"&%,Z+#0$)+Lf,g%,Z0&)#%,0",`Ld,9'0/,`L,0/
L+,*0$&+&,C:/%L'#+f

N!aJ!n!5CMI
M1-#0'6'0'&$,1-#1#"1#B'0-%&1",*1*#*'#+,%-9#/J-4*'619#*'&%)1&#*,0'$)15'&)'#1"
E'G%0#H0I#YZ[S19#:4,'&#'-#'"#*,6,&%#@,D%#*'#/1-4*'61#.#+'61UI7#!-)'#@'$@%#-'
'<(",$10;# 5;-# '<(">$,)15'&)'# '&# '"# )'<)%# *'# '-)1# %3017# H0I# /.J-1*'61# 18,051
1:4>#:4'#H0I#YZ[S1#'-#"1#B'0-%&1",*1*#*'#+,%-#%0,=,&1"9#.#:4'#)%*1-#"1-#*'5;-
-%&# E4-# (%0$,%&'-# ("'&10,1-# *,0'$)1-# %# ,&*,0'$)1-9# %# 3,'&# (%0$,%&'-# *'# "1
(%0$,A&7#H0I"1#cI61#e%-6J5I9#'&#-4#XHC@%'.%3&%"1)%9#@1#'<(",$1*%#'"#)'51#'&
$4'-),A&#*'#4&1#8%051#1F&#5;-#'<(">$,)17#t#P01@5J9#'"#-'0#6,6,'&)'#%0,=,&1"9#'&
-4#)01)1*%#""151*%#("%)$%'.%8)4-*9#@1#'<(",$1*%#-4-)1&$,1"5'&)'#'"#)'51#:4'
)01)1#*'#H0I#YZ[S17#!&#'"#`*$%',<&%0B7%34C%&9#)153,O&#-'#*'$"101#:4'#'"#E'G%0
H0I#YZ[S1#'-#'"#*,6,&%#@,D%#*'#+'61UI7#B%0#"%#)1&)%9#'&#'-)1#%01$,A&9#"1#(0,5'01
(0%(%-,$,A&#-%-),'&'#:4'#'"#E'G%0#H0I#YZ[S1#'-#'"#E'G%0#(0,5%0*,1"9#.#-,#@1#*'
'&)'&*'0-'#:4'#'<,-)'#1"=4&1#&%5'&$"1)401#)01-$'&*'&)1"#(0%(,1#*'#"1#23-%"4)1
B'0-%&1",*1*#*'#+,%-9#@1#*'#-'0#'"#&%530'#,&*,$1*%#(%0#"1#(1"1301#YZ[S19#:4'
-,=&,8,$1#z'"#-4(0'515'&)'#1)01$),6%{7#!&#54$@%-#"4=10'-#*'#"1#()%+%,%&'+#-*9
'"#E'G%0#18,051#:4'#N"#'-#"1#B'0-%&1",*1*#*'#+,%-#%0,=,&1"9#.#'-)%#"%#$%&8,051
20D4&19#.#)153,O&#=01&*'-#-13,%-9#)1"'-#$%5%#?J01*19#/.J-19#.#54$@%-#%)0%-7
!&#'"#A%&$%0A/"*@%#)153,O&#-'#*'$"101#:4'9#*'#"%-#,&&45'013"'-#&%530'-#*'"
E'G%09#'"#&%530'#*'#YZ[S1#'-#'"#(0,&$,(1"7#/J-4*'61#*'&%)1#"1#(%0$,A&#("'&10,1
*'# "1# B'0-%&1",*1*# *'# +,%-9# .# )%*1-# "1-# *,8'0'&)'-# 8%051-# *'"# E'G%09# -,'&*%
,*O&),$1-#1#/J-4*'619#-'#,&*,$1&#'&#'-)'#)'<)%7#!"#&%530'#/J-4*'61#*'&%)1#'&
(10),$4"10# 1"# *,6,&%# @,D%# *'# /1-4*'61# .# +'61UI7# M%-# 7%"%$%)%8.%.9# :4'# -%&
1:4'""%-#5,'530%-#*'#"1#%0*'&#*'#6,*1#*'#0'&4&$,1#:4'#-'#@1&#('08'$$,%&1*%9
-,'5(0'#5'*,)1&#'&#YZ[S17
/J-4*'619# %# '"# E'G%0# H0I# YZ[S19# '-# "1# $14-1# *'# )%*1-# "1-# $14-1-7# W%*%# "%# :4'
'<,-)'#'51&1#*'"#E'G%07#M1#51&'01#'&#:4'#'""%#%$400'9#-'#'<(",$1#'&#$1(>)4"%-
(%-)'0,%0'-#*'#'-)1#%3017#X1@J(013@4#H0I#R1,)1&.1#@1#*'-$0,)%#'-)1#%301#$%5%
'"#A/"*@%#,&51$4"1*%9#*'3,*%#1#:4'#$%&),'&'#"1#&1001$,A&#)01-$'&*'&)1"#1$'0$1
*'# "1# B'0-%&1",*1*# *'# +,%-9# H0I# YZ[S17# M1# @,-)%0,1# *'"# !"#$%&'()*+%,%-%$
)153,O&# '-# 54.# ="%0,%-17# s4'# 0'$%(,"1*%# (%0# H0I# /.J-1*'619# *'-(4O-# *'# O-)'
@13'0# 1"$1&T1*%# "1# 51*40'T# '&# '"# $%&%$,5,'&)%# )01-$'&*'&)1"7# N"# "%# '-$0,3,A
31D%# "1-# ,&-)04$$,%&'-# *'# H0I# ?J01*1DI9# -4# 51'-)0%# '-(,0,)41"7# /.J-1*'61
0'$%(,"A# )%*1# "1# ",)'01)401# 6O*,$19# :4'# $%&),'&'# "1-# $41)0%# *,6,-,%&'-# *'# "%-
=<&%.9# "%-# =<&*3-%'.5-"%.0 K%# "%-# ("%)$%'.5-"%.L9# "%-# A/"*@%.9# '"
E%)*1)*"%-%9#')$7#X1-9#&%#%3-)1&)'9#&%#'-)131#-1),-8'$@%#$%&#'""%7#?J01*19#-4
51'-)0%# '-(,0,)41"9# 1*6,0),A# -4# *'-$%&)'&)%9# .9# (%0# "%# )1&)%9# "'# 1$%&-'DA# :4'
'-$0,3,'01# 1$'0$1# *'# "1-# 1$),6,*1*'-# )01-$'&*'&)1"'-# *'"# E'G%0# H0I# YZ[S17# !-1-
1$),6,*1*'-# )01-$'&*'&)1"'-# -'# *'-$0,3'&# '-('$>8,$15'&)'# '&# '"# +O$,5%# R1&)%
*'#'-)1#%3017#B'0%9#1#8,&#*'#(%*'0#""'=10#@1-)1#-4#(0%(,1#'-'&$,19#4&%#),'&'#:4'
(0%$'*'0# =01*41"5'&)'9# 5'*,1&)'# '"# *'-100%""%# *'# $%&%$,5,'&)%# *'# "1-
$1)'=%0>1-7
!-#&1)401"#:4'#4&1#5'&)'#8,"%-A8,$1#:4,'01#-13'0#*'"#%0,='&#*'#"1#$0'1$,A&7#+'
&%$@'# 6'# "1-# '-)0'""1-# '&# '"# $,'"%9# .# &1)401"5'&)'# '-('$4"1# 1$'0$1# *'# -4-
@13,)1&)'-7#!-1#$"1-'#*'#(0'=4&)1-#-%&#&1)401"'-#'&#'"#@%530'9#(4'-#O-)'#),'&'
4&1# $%&$,'&$,1# *'-100%""1*19# 5;-# '"'61*1# :4'# "1# *'# "%-# 1&,51"'-7# !"# 14)%0# *'"
!"#$%&'()*+%,%-%$# *1# 4&1# 0'-(4'-)1# *,0'$)1# 1# '-1-# (0'=4&)1-7# N"# *,$'# :4'# '"
E'G%0#H0I#YZ[S1#'-#'"#%0,='&#*'#)%*1-#"1-#$0'1$,%&'-7#?%#-A"%#'-#'"#$0'1*%0#*'"
4&,6'0-%9# -,&%# )153,O&# '"# *'-)04$)%0# *'"# 5,-5%7# B%0# "1# 6%"4&)1*# *'"# E'G%09# "1
&1)401"'T1# $A-5,$1# 51&,8'-)1*1# '-# $0'1*1# '&#4&#$,'0)%#('0>%*%9#'-#$%&-'061*1
(%0# 1"=F&# ),'5(%9# .# "4'=%9# )153,O&# (%0# "1# 6%"4&)1*# *'# N"9# '-# 1&,:4,"1*17# B%0
$%&-,=4,'&)'9#"1#6%"4&)1*#-4(0'51#-'#@1""1#)01-#)%*1-#"1-#1$),6,*1*'-#$A-5,$1-7
+'-*'#"4'=%#:4'#'<,-)'&#1)'%-#*'#610,1-#$1)'=%0>1-#:4'#&%#$0''&#'&#4&#$0'1*%09
('0%#'""%#-'#*'3'#1#4&#'-$1-%#1$%(,%#*'#$%&%$,5,'&)%7#B%0#'D'5("%9#'"#$,'&)>8,$%
5%*'0&%# @1# $0'1*%# -1)O",)'-# '-(1$,1"'-9# .# 5'*,1&)'# 4&%# :4'# %)0%# *,-(%-,),6%
'-)%-#-1)O",)'-#-%&#"1&T1*%-#1"#'-(1$,%#-,*'01"9#1#6%"10#(%0#1"=F&#),'5(%#31D%#'"
$%&)0%"# *'"# $,'&)>8,$%9# :4'# -'# '&$4'&)01# 54.# "'D%-# *'# '""%-7# +'# ,=41"# 5%*%9
)%*%-# "%-# 4&,6'0-%-9# $%&# -4-# ,&&45'013"'-# '-)0'""1-# .# ("1&')1-9# "%-# $%&)0%"1# "1
,&)'",='&$,1#*'#"1#B'0-%&1",*1*#*'#+,%-7
!&# "1-# !-$0,)401-# 6O*,$1-# -'# *,$'# :4'# "1# /'0*1*# 23-%"4)19# "1# B'0-%&1",*1*# *'
+,%-9# '-# "1# (0,&$,(1"# *'# )%*1-# "1-# ('0-%&1",*1*'-# 6,6,'&)'-7# W%*%-# "%-# -'0'-
6,6,'&)'-9# *'-*'# P01@5J9# '"# (0,5'0# -'0# $0'1*%9# @1-)1# "1# 5;-# (':4'G1# *'# "1-
@%05,=1-9# -%&# -'0'-# 6,6,'&)'-# ,&*,6,*41"'-7# B%0# '&$,51# *'# P01@5J# '<,-)'&
,&$"4-%# %)0%-# -'0'-# 6,6,'&)'-# $%&# $1(1$,*1*'-# ,&*,6,*41"'-9# .# )153,O&# "1
B'0-%&1",*1*# *'# +,%-# '-# 4&# -'0# 6,6,'&)'#*'#'-'#),(%7#t#N"#'-#4&#,&*,6,*4%9#)1"
$%5%#)153,O&#"%#-%&#"%-#*'5;-#-'0'-#6,6,'&)'-7#B'0%#'"#E'G%0#E4(0'5%9#%#'"#-'0
6,6,'&)'# -4(0'5%9# ),'&'# "1# 51.%0# ,&)'",='&$,19# .# (%-''# "1-# 5;-# ,&$%&$'3,3"'-
'&'0=>1-# *'# )%*1# $"1-'# *'# *,8'0'&)'-# 610,'*1*'-7# E,# '"# $'0'30%# *'# 4&# @%530'
(4'*'#(0%*4$,0#4&#-1)O",)'#'-(1$,1"9#4&%#(4'*'#,51=,&10#54.#8;$,"5'&)'#$A5%
$'0'30%-# 5;-# '"'61*%-# :4'# "%-# *'"# @%530'# (4'*'&# (0%*4$,0# $%-1-# ,=41"# *'
51016,""%-1-# .# 54.# -4('0,%0'-7# M1# ('0-%&1# -'&-1)1# 1$'()10;# 8;$,"5'&)'# '-)'
10=45'&)%9# ('0%# @1.# 1)'%-# %3-),&1*%-# :4'# D15;-# '-)10;&# *'# 1$4'0*%7# E,&
'5310=%9#H0I"1#/.J-1*'61#1$'()1#*'#,&5'*,1)%#:4'#"1#,&)'",='&$,1#-4(0'51#'-
'"# 7%"%$<;,%"%7# N"# "'# %80'$'# -4-# 0'-(')4%-1-# 0'6'0'&$,1-# 1# "1# ,&)'",='&$,1
-4(0'519# 1# :4,'&# -'# "'# *1# '"# )01)15,'&)%# *'# 7%"%9# %# 7%"%$<;,%"%9# %# E4(0'51
B'0-%&1",*1*#*'#+,%-7#t#'-'#7%"%$<;,%"%#'-#H0I#YZ[S19#$%5%#-'#0'$%&%$'#'&#"1
()%+%,%&'+#-*# .# %)01-# !-$0,)401-# (0'-'&)1*1-# (%0# H0I# # /.J-1*'619# .
'-('$>8,$15'&)'# '&# '-)'# !"#$%&'()*+%,%-%$7# !&# "1# ()%+%,%&'+#-*9# '"# E'G%0
*,$'# :4'# &%# '<,-)'# &,&=F&# %)0%# 7%"%'-%--,%0 K./$$/$0 123/$L# 1(10)'# *'# N"
5,-5%7#B%0#$%&-,=4,'&)'9#H0I#/.J-1*'61#1*%01#*'#,&5'*,1)%#1"#7%"%'-%--,%9#H0I
YZ[S19#$4.1-#1$),6,*1*'-#)01-$'&*'&)1"'-#-'#*'-$0,3'&#'&#'"#+O$,5%#R1&)%7
2"=4&1-# ('0-%&1-# ,&'-$04(4"%-1-# 61&# ,&5'*,1)15'&)'# 1"# +O$,5%# R1&)%9# .
'-('$,1"5'&)'#1#"%-#$,&$%#$1(>)4"%-#:4'#*'-$0,3'&#"1#*1&T1#"*.%#*'"#E'G%07#!-1
(%0$,A&# *'"# !"#$%&'()*+%,%-%$# '-# "1# (10)'# 5;-# >&),51# *'# '-)1# =01&# %301
",)'010,17# 2# 5'&%-# :4'# 4&%# '-)O# )%)1"5'&)'# 6'0-1*%# '&# '"# $%&%$,5,'&)%
)01-$'&*'&)1"# *'"# E'G%09# '-# -'=40%# :4'# '&)'&*'0;# ':4,6%$1*15'&)'# "%-
6'&'013"'-#(1-1),'5(%-#)01-$'&*'&)1"'-#*'"#E'G%0#$%&%$,*%-#$%&#'"#&%530'#*'
"1#*1&T1#"*.%9#.#E4-#15%0>%-#$%&#"1-#+27#.7#!-)'#)'51#'-#1")15'&)'#'-(,0,)41"9#.
-A"%# "1-# ('0-%&1-# ",3'01*1-# :4'# @1&# ""'=1*%# =01*41"5'&)'# 1# "1# ')1(1# *'
7%"%$%)%8.%9#(4'*'&#-13%0'10#*'#5%*%#)01-$'&*'&)1"#'-1#*1&T1#"*.%7#B%0#"%
)1&)%9# H0I"1# /.J-1*'61#"'#*1#1"#"'$)%0#"1#%(%0)4&,*1*#*'#*'-100%""10#*'#51&'01
(14"1),&1# -4# $%5(0'&-,A&# '-(,0,)41"9# 1&)'-# *'# -13%0'10# *'# @'$@%# "1# '-'&$,1# *'
"%-# (1-1),'5(%-# *'"# E'G%07# !&# $%&-'$4'&$,19# O"# ,&6%$1# 1# (0%(A-,)%# 4&#$%3-"%
eJ.1)0I9# &)#$%)47# !-)'# $%3-"%0 eJ.1)0I# '-);# @'$@%# (101# "1# ='&)'# 1*'"1&)1*1
'-(,0,)41"5'&)'7#R41&*%#4&%#$1&)1#$%&#O<,)%#'"#$%3-"%0eJ.1)0I9#(4'*'#'&)'&*'0
"1# (%-,$,A&# )01-$'&*'&)1"# *'"# E'G%07# +'# 51&'01# :4'9# 4&%# *'3'# 1*:4,0,0
$41",*1*'-#301@5>&,$1-#%#'&$%&)010-'#('08'$)15'&)'#-,)41*%#31D%#"1#$41",*1*#*'
"1# 3%&*1*9# (101# (%*'0# $1&)10# $%&# O<,)%# '"# $%3-"%0 eJ.1)0I# .# 1"$1&T10# "4'=%# "1
')1(1#'&#"1#:4'#$%5(0'&*1#)01-$'&*'&)1"5'&)'#1"#E'G%09#E4#&%530'9#E4#81519
E4-#$41",*1*'-9#')$7
!"# !"#$%&'()*+%,%-%$# '-# "1# &1001$,A&# 1$'0$1# *'"# .,%"57%# *'"# E'G%0# :4'# E4
(%)'&$,1#,&)'0&1#51&,8,'-)19#.#'-)1#(%)'&$,1#-'#*,8'0'&$,1#*'#"1#(%)'&$,1#'<)'0&1
:4'# @1# 51&,8'-)1*%# 1"# 54&*%# $A-5,$%9# '"# $41"# '-);# 1"# 1"$1&$'# *'# &4'-)01
'<('0,'&$,17# !&# '-)'# ;N2L%9# H0I"1/.J-1*'61# @1$'# 4&1# $"101# *,-),&$,A&# '&)0'# "1-
*%-7# H0I# /.J-1*'61# *,$'# 1:4># :4'# "1# (%)'&$,1# ,&)'0&1# 51&,8'-)1*1# '-# 0'1"9
5,'&)01-# :4'# "1# '&'0=>1# '<)'0&1# 51&,8'-)1*1# '&# "1# 8%051# *'# "1# '<,-)'&$,1
51)'0,1"9#'-#F&,$15'&)'#)'5(%01"#'#,"4-%0,19#$%5%#'"#'-('D,-5%#:4'#1(10'$'#'&
'"# *'-,'0)%7# !&# '"# '-('D,-5%# *'"# *'-,'0)%# &%# @1.# 6'0*1*'01# 1=419# -,&%
F&,$15'&)'#"1#1(10,'&$,1#*'#1=417#!"#1=41#6'0*1*'01#-'#'&$4'&)01#'&#1"=F&#%)0%
"4=107#M1#$0'1$,A&#$A-5,$1#51&,8'-)1*1#(10'$'#"1#0'1",*1*9#('0%#&%#'-#5;-#:4'
4&1# -%5301# *'# '""19# (4'-# "1# 0'1",*1*# -'# '&$4'&)01# '&# '"# 54&*%# '-(,0,)41"7# M1
/'0*1*#23-%"4)1#'-);#'&#'"#$,'"%#'-(,0,)41"9#&%#'&#'"#$,'"%#51)'0,1"7#!&#'"#$,'"%
51)'0,1"9# )%*%# '-#6'0*1*#0'"1),619#'-#*'$,09#4&1#6'0*1*#*'('&*'#*'#1"=4&1#%)01
$%-17# !-)1# $0'1$,A&# $A-5,$1# '-# '"# 0'-4")1*%# *'# "1# ,&)'01$$,A&# *'# "1-# )0'-
5%*1",*1*'-# *'# "1# &1)401"'T19# .# "1-# 51&,8'-)1$,%&'-# )'5(%01"'-# '-);&# $0'1*1-
*'#8%051#)1"#:4'#"'#(0'-'&)'&#4&1#,"4-,A&#*'#"1#0'1",*1*#1#"1#5'&)'#$%&84&*,*1
*'"#1"51#$%&*,$,%&1*19#:4,'&#1(10'$'#'&#54$@>-,51-#'-('$,'-#*'#6,*19#,&$"4-%
'&)0'# "%-# -'5,*,%-'-# -4('0,%0'-9# )1"'-# $%5%# P01@5J9# Q&*019# R1&*019# ')$7# +'
@'$@%9#&%#'<,-)'#0'1",*1*#'&#'"#54&*%#51&,8'-)1*%7#E,&#'5310=%9#(10'$'#@13'0
0'1",*1*9#1#$14-1#*'#"1#6'0*1*'01#0'1",*1*#:4'#'<,-)'#'&#'"#54&*%#'-(,0,)41"9#'&
*%&*'# "1# B'0-%&1",*1*# *'# +,%-# '<,-)'# ')'0&15'&)'# $%&# E4-# '&-'0'-
)01-$'&*'&)1"'-7
!"# ,&='&,'0%# '&# D'8'# *'# 4&1# $%5(",$1*1# $%&-)04$$,A&# &%# (10),$,(1
('0-%&1"5'&)'# '&# "1# 5,-519# ('0%# $%&%$'# $1*1# 0,&$A&# .# '-$%&*0,D%# *'# '""19
(%0:4'# )%*%# -'# @1$'# 31D%# -4# *,0'$$,A&7# N"# $%&%$'# )%*%# "%# 0'8'0'&)'# 1# *,$@1
$%&-)04$$,A&9# )1&)%# *,0'$)1# $%5%# ,&*,0'$)15'&)'7# +'# 8%051# -,5,"109# "1
B'0-%&1",*1*# *'# +,%-9# :4'# '-# '"# ,&='&,'0%# -4(0'5%# *'# '-)1# $0'1$,A&# $A-5,$19
$%&%$'#$1*1#0,&$A&#.#'-$%&*0,D%#*'#'""19#14&:4'#"%-#1-4&)%-#"%-#""'61&#1#$13%
"%-# -'5,*,%-'-7# !&# "1# $0'1$,A&# 51)'0,1"9# *'-*'# P01@5J# @1-)1# "1# ,&-,=&,8,$1&)'
@%05,=19#&1*,'#'-#,&*'('&*,'&)'7#M1#51&%#*'"#E'G%0#-'#6'#(%0#*%:4,'07#W%*%-
"%# '"'5'&)%-# 51)'0,1"'-9# 1-># $%5%# )153,O&# )%*1-# "1-# $@,-(1-# '-(,0,)41"'-9
'51&1&#F&,$15'&)'#*'#N"7#t#)%*%#"%#:4'#-'#$0'1#'&#'-)'#54&*%#51)'0,1"#&%#'-
5;-#:4'#"1#,&)'01$$,A&#*'#*%-#'&'0=>1-9#"1#51)'0,1"#.#"1#'-(,0,)41"9#:4'#'51&1&
*'#"1#/'0*1*#23-%"4)19#"1#B'0-%&1",*1*#*'#+,%-9#H0I#YZ[S17#V&#:4>5,$%#(4'*'
(0%*4$,0#1=41#'&#'"#"13%01)%0,%#:4>5,$%9#5'T$"1&*%#@,*0A='&%#.#%<>='&%7#X1-9
'&# 0'1",*1*9# "1# '&),*1*# 6,6,'&)'# )0131D1# '&# '"# "13%01)%0,%# 31D%# "1# *,0'$$,A&# *'"
E'G%0#E4(0'5%9#.#"%-#51)'0,1"'-#$%&#"%-#:4'#)0131D19#)153,O&#"%-#(0%(%0$,%&1#'"
E'G%07#!"#E'G%0#$%&%$'#)%*%#*,0'$)1#'#,&*,0'$)15'&)'9#'-);#$%&-$,'&)'#*'#)%*%-
"%-#*')1""'-#*,5,&4)%-9#.#'-#$%5("')15'&)'#,&*'('&*,'&)'7#+'#N"#-'#*,$'#:4'#-'
1-'5'D1#1#4&1#5,&1#*'#%0%9#.#"1-#$0'1$,%&'-#$A-5,$1-9#:4'#),'&'#)1&)1-#8%051-
*,8'0'&)'-9#-'#1-'5'D1&#1#%3D')%-#@'$@%-#*'#'-'#%0%9#$%5%#1&,""%-9#$%""10'-9#')$7
!"#1&,""%#*'#%0%#.#'"#$%""10#*'#%0%#-%&#$41",)1),615'&)'#,=41"'-#:4'#'"#%0%#*'#"1
5,&19# ('0%# $41&),)1),615'&)'# '"# %0%# *'# "1# 5,&1# '-# *,8'0'&)'7# B%0# "%# )1&)%9# "1
/'0*1*# 23-%"4)1# '-# -,54");&'15'&)'# ,*O&),$1# .# *,8'0'&)'7# ?1*1# '-
13-%"4)15'&)'# ,=41"# 1# "1# /'0*1*# 23-%"4)19# ('0%9# 1"# 5,-5%# ),'5(%9# &1*1# '-
,&*'('&*,'&)'#*'#"1#/'0*1*#23-%"4)17
W%*1-#"1-#1"51-#$%&*,$,%&1*1-#'-);&#$0'1&*%#m*'-*'#P01@5J9#'"#,&='&,'0%#*'
)%*%# '"# 4&,6'0-%9# @1-)1# "1# ,&-,=&,8,$1&)'# @%05,=1m9# ('0%# &,&=4&1# *'# '""1-# '-
,&*'('&*,'&)'#*'"#E'G%0#E4(0'5%7#!"#51)'0,1",-)1#(,'&-1#':4,6%$1*15'&)'#:4'
&%#@1.#&,&=F&#$0'1*%0#1(10)'#*'#O"#5,-5%7#!-)%#-'#*'&%5,&1#$*9*9#%#,"4-,A&7#2
$14-1# *'# -4# '-$1-%# 1$%(,%# *'# $%&%$,5,'&)%9# '"# 51)'0,1",-)1# &%# (4'*'# 6'0# 5;-
1"";#*'"#1"$1&$'#*'#-4-#,5('08'$)%-#-'&),*%-9#.9#'&#$%&-'$4'&$,19#(,'&-1#:4'#"1
51)'0,1# 1*%()1# -4# (0%(,1# 8%051# 14)%5;),$15'&)'9# -,&# "1# 1.4*1# *'# 4&1
,&)'",='&$,1# -4('0,%07# H0I"1/.J-1*'61# 0'84)1# '-%# '&# '-)'# ;N2L%p# zR%5%# '"# )%*%
$%5("')%9# %# "1# /'0*1*# 23-%"4)19# '-# "1# 84'&)'# *'# )%*%9# &1*1# (4'*'# -'0
,&*'('&*,'&)'# *'"# $4'0(%# *'# "1# /'0*1*# 23-%"4)1{7# W%*%# "%# :4'# "'# %$400'# 1"
$4'0(%9#""'=1#1#-'0#$%&%$,*%#0;(,*15'&)'#(%0#'"#:4'#'-);#*'&)0%#*'"#$4'0(%7#+'
,=41"# 51&'019# "1# $0'1$,A&# '-# '"# $4'0(%# *'"# )%*%# 13-%"4)%9# .9# (%0# '&*'9# '"
23-%"4)%#$%&%$'#*,0'$)1#'#,&*,0'$)15'&)'#)%*%#"%#:4'#%$400'#'&#"1#$0'1$,A&7
!&#'"#;"/-4'$%3-"%9#)153,O&#-'#*'$"101#:4'#'"#)%*%#13-%"4)%9#%#P01@51&9#'-#"1
84'&)'#F"),51#*'#)%*1-#"1-#$%-1-7#W%*%#'51&1#*'#N"#.#)%*%#'-#51&)'&,*%#(%0#N"9
.#1"#8,&1"9#)%*%#'&)01#'&#N"7#N-1#'-#"1#"'.#*'#"1#&1)401"'T17#!&#'"#.$H-4'$%3-"%#-'
$%&8,051#"%#5,-5%7#E'#*,$'#:4'#"1#/'0*1*#23-%"4)19#%#P01@51&9#'-#"1#84'&)'#*'
*%&*'#)%*%#'51&1#1"#$%5,'&T%#*'"#5,"'&,%#*'#P01@5J9#.#'"#*'(A-,)%#'&#'"#:4'
)%*%#8,&1"5'&)'#'&)017#M%-#$,'&)>8,$%-#51)'0,1",-)1-#*1&#(%0#-'&)1*%#:4'#'"#E%"
'-# "1# 84'&)'# 5;<,51# *'"# -,-)'51# ("1&')10,%9# ('0%# -%&# ,&$1(1$'-# *'# '<(",$10# "1
84'&)'#*'"#E%"7#2:4>#-'#'<(",$1#"1#84'&)'#5;<,517#+'#1$4'0*%#$%&#"1-#!-$0,)401-
6O*,$1-9# P01@5J9# :4'# (4'*'# *'$,0-'# :4'# '-# $%5%# '"# E%"9# &%# '-# '"# $0'1*%0
F"),5%7# !&# '-)'# ;N2L%# -'# *'$"101# :4'# "1# B'0-%&1",*1*# *'# +,%-# "'# '&-'GA# '"
$%&%$,5,'&)%# 6O*,$%# 1# P01@5J7# V&%# (%*0>1# 10=‰,0# :4'# P01@5J9# -,'&*%# '"# -'0
6,6,'&)'#%0,=,&1"9#&%#(%*>1#-'0#,&-(,01*%9#(%0:4'#'&#'-1#O(%$1#&%#@13>1#&,&=F&
%)0%# -'0# 6,6,'&)'7# 2:4># -'# *'$"101# :4'# '"# E'G%0# E4(0'5%# ,&-(,0A# 1# P01@5J9#'"
$0'1*%0# -'$4&*10,%9# (101# :4'# P01@5J# (4*,'01# *'-'5('G10# -4-# 84&$,%&'-
$0'1*%01-7# +'# 51&'01# :4'9# "1# ,&)'",='&$,1# -4(0'51# :4'# -'# '&$4'&)01#*')0;-#*'
)%*1-#"1-#$0'1$,%&'-9#'-#H0I#YZ[S19#"1#+,6,&,*1*#23-%"4)17#!&#"1#()%+%,%&'+#-*9
'"# E'G%0# H0I# YZ[S1# *'$"101# :4'# F&,$15'&)'# N"# -4('06,-1# "1# '&'0=>1# $0'1*%019
7"%LH-49# :4'# $%&-),)4.'# "1# )%)1",*1*# *'# "1# 51)'0,17# B%0# '-%9# H0I# /.J-1*'61# &%
1*%01# 1# P01@5J9# -,&%# 1"# E'G%0# E4(0'5%9# :4'# '-# :4,'&# =4>1# 1# P01@5J# '&# -4-
1$),6,*1*'-# $0'1*%01-7# !&# '-)'# ;N2L%9# "1-# (1"1301-# %1)4>S%Q# .# .,%"*Y9# '&
(10),$4"109# -%&# 54.# -,=&,8,$1),61-7# !-)1-# *%-# (1"1301-# *,-),&=4'&# 1"# E'G%0
E4(0'5%#*'#)%*1-#"1-#*'5;-#'&),*1*'-#6,6,'&)'-7#?,&=4&1#%)01#'&),*1*#6,6,'&)'
'-#&,#%1)4>S%Q#&,#.,%"*Y7#!-#*'$,09#&1*,'#'-);#("'&15'&)'#$%&-$,'&)'9#&,#&1*,'#'-
)%)1"5'&)'# ,&*'('&*,'&)'7# n1-)1# P01@5J# ),'&'# :4'# 5'*,)10# '&# '"# E'G%0
E4(0'5%# (101# (%*'0# $0'107# „‚4O# *'$,09# '&)%&$'-9# *'# "%-# =01&*'-# $,'&)>8,$%-
$%5%# !,&-)',&…# +'-*'# "4'=%9# "1# ,&)'",='&$,1# *'# 4&# $,'&)>8,$%# $%5%# O-'# &%# '-
(0%*4$)%#*'#&,&=F&#-'0#@451&%7#M%-#$,'&)>8,$%-#&%#(4'*'&#8130,$10#4&#$'0'30%
$%5%#O-'9#.9#u:4O#*'$,0#*'#"%-#)%&)%-#1)'%-#:4'#*'-18>1&#"1#14)%0,*1*#*'"#E'G%0v
24&#"%-#,5('0-%&1",-)1-#$*9*,*&#.#:4'#-'#D1$)1&#*'#:4'#(4'*'&#6%"6'0-'#4&%
$%&#'"#E'G%09#&%#-%&#&,#%1)4>S%Q#&,#.,%"*Y7#!-%-#,5('0-%&1",-)1-#-'#-%5')'&#1
-'6'01-# 14-)'0,*1*'-9# (101# 1*:4,0,0# '"# $%&%$,5,'&)%# $%&# '"# $41"# 6%"6'0-'# 4&%
$%&#'"#E'G%07#B'0%9#8,&1"5'&)'9#-'#64'"6'&#*'('&*,'&)'-#*'#1"=F&#*,-$>(4"%#0,$%
:4'# "'-# (0%6''# *'# *,&'0%# (101# $%&-)04,0# 5%&1-)'0,%-# .# )'5("%-7# 2)'%-# $%5%
kJ61S1#%#n,01S.1U1d,(4#)46,'0%&#:4'#-%5')'0-'#1#-'6'01-#('&,)'&$,1-#1&)'-#*'
:4'#(4*,'01&#340"10-'#*'#"1#14)%0,*1*#*'"#E'G%07#B'0%9#'&#8,&#*'#$4'&)1-9#-'#@,T%
:4'# 84'01&# ,5(%)'&)'-9# .# &%# (4*,'0%&# -1"610-'# $41&*%# '"# E'G%0# 1(10'$,A# 1&)'
'""%-#'&#8%051#*'#"1#$04'"#54'0)'7#!-)%#'-#"%#:4'#%$400'#)153,O&#$%&#"%-#1)'%-
5%*'0&%-# :4'# -'# 1)0'6'&# 1# 340"10-'# *'# "1# 14)%0,*1*# *'"# E'G%07# +,$@%-# 1)'%-
-'0;&#)01)1*%-#*'#8%051#-,5,"109#(4'-#"1#@,-)%0,1#-,'5(0'#-'#0'(,)'7#R1*1#6'T#:4'
"%-# @%530'-# *'-*'G1&# "1# 14)%0,*1*# *'"# E'G%09# "1# &1)401"'T1# .# -4-# "'.'-# -'
'&$10=1&#*'#$1-),=10"%-7#!-)%#-'#$%&8,051#'&#"1#()%+%,%&'+#-*9#'&#'"#$%&%$,*%
6'0-%#9%&*09%&*0)40&)%"$%.9%0+N*34Q7#zR41&*%#:4,'01#:4'#@1.#4&1#*'$",&1$,A&
*'"#&)%"$%#.#4&#145'&)%#*'"#%&)%"$%9#„%@9#20D4&1…9#'&#'-'#5%5'&)%#t%#X'
'&$10&%{#KP=7#^7`L7
!&#)%*%-#"%-#;"/-4'$%3-"%.#-'#$%&8,051#:4'#'"#E'G%0#E4(0'5%#'-#-4(0'515'&)'
('08'$)%7#E'#*,$'#'&#"%-#;"/-4'$%3-"%.#:4'#'"#-4515'&)'#('08'$)%#E'G%0#"1&TA
4&1# 5,01*1# -%30'# "1# 51)'0,19# .# $0'A# 1-># 1# )%*%-# "%-# -'0'-# 6,6,'&)'-7# M%-# -'0'-
6,6,'&)'-#-%&#(10)'-#,&)'=01"'-#*'"#E'G%09#.#N"#,5(0'=&1#*'#-'5,""1-#*'#$@,-(1-
'-(,0,)41"'-#1#"1#61-)1#$0'1$,A&#51)'0,1"9#.#*'#'-1#51&'01#"1-#'&'0=>1-#$0'1*%01-
-%&#(4'-)1-#'&#5%6,5,'&)%#(101#0'1",T10#"1-#54$@1-#.#51016,""%-1-#$0'1$,%&'-7
V&# 1)'%# (%*0>1# 10=‰,0# :4'# +,%-# &%# '-# 5;-# '<('0)%# :4'# 4&# 0'"%D'0%9# ('0%# (%0
-4(4'-)%# :4'# +,%-# '-# 5;-# =01&*'9# .1# :4'# N"# (4'*'#$0'10#5;:4,&1-#'&#8%051-
*%3"'-9# 51-$4",&1-# .# 8'5'&,&1-7# M1-# 8%051-# 51-$4",&1-# .# 8'5'&,&1-# *'# "%-
*,8'0'&)'-#),(%-#*'#51:4,&10,1-#$%&),&F1&#(0%*4$,'&*%#,&&45'013"'-#5;:4,&1-
-,5,"10'-9# -,&# "1# &'$'-,*1*# *'# "1# 1)'&$,A&# 1*,$,%&1"# *'# +,%-7# E,# 4&# @%530'
(4*,'01# 8130,$10# 4&# $%&D4&)%# -'5'D1&)'# *'# 5;:4,&1-# :4'# (4*,'01&# (0%*4$,0
%)01-# 5;:4,&1-# -,&# -4# 1)'&$,A&9# (%*0>1# '&)%&$'-# 1$'0$10-'# 1# "1# ,&)'",='&$,1# *'
+,%-7# B'0%# '-%# &%# '-# (%-,3"'9# (4'-# $1*1# 5;:4,&1# ),'&'# :4'# -'0# 51&,(4"1*1
,&*,6,*41"5'&)'7#!&#$%&-'$4'&$,19#&1*,'#(4'*'#$0'10#)1&#3,'&#$%5%#+,%-7#h)0%
&%530'#*'#+,%-#'-#%.%$2"&),%9#:4'#-,=&,8,$1#:4'#&1*,'#'-#,=41"#&,#5;-#=01&*'
:4'# N"7# A%"%80 .%-9%$9# %# "1# /'0*1*# E4(0'519# '-# 2:4'"# 1&)'# '"# $41"# &1*,'# '-
,=41"#&,#-4('0,%07#!-)%#-'#$%&8,051#'&#"%-#;"/-4'$%3-"%.7#E'#*,$'#:4'#1&)'-#*'#"1
$0'1$,A&#*'"#4&,6'0-%#51)'0,1"#'<,-)>1#F&,$15'&)'#'"#E'G%09#:4,'&#'-#'"#15%#*'
)%*%-7#!-'#E'G%0#,&-)04.A#1#P01@5J#'&#"%#0'8'0'&)'#1"#$%&%$,5,'&)%#6O*,$%7#!-'
E'G%0# ),'&'# :4'# -'0# %3'*'$,*%# '&# )%*%# 1-('$)%7# R41":4,'01# :4'# *'-''
*'-@1$'0-'#*'"#'&0'*%#51)'0,1"9#*'3'#'&)0'=10-'#1#N"7#!-)%#)153,O&#-'#$%&8,051
'&#"1#()%+%,%&'+#-*7
2#5'&%-#:4'#4&%#-'#'&)0'=4'#1#"%-#(,'-#*'#"%)%#*'"#E'G%0#E4(0'5%9#'-#-'=40%
:4'#'-)10;#$%&84&*,*%7#R41&*%#4&#@%530'#,&)'",='&)'#-'#'&)0'=1#1#"%-#(,'-#*'
"%)%# *'# YZ[S1# .# '&),'&*'# $%5("')15'&)'# :4'# YZ[S1# '-# "1# $14-1# *'# )%*1-# "1-
$14-1-9#$%5%#-'#$%&8,051#'&#"1#()%+%,%&'+#-*9#-A"%#'&)%&$'-#(4'*'#4&#@%530'
1-># *'# ,&)'",='&)'# 6%"6'0-'# 4&# $%)*-$*9# %# 4&1# =01&# 1"517# B'0%# 4&# 1"51# )1&
=01&*'# -'# 6'# 54.# 0101# 6'T7# EA"%# "%-#$%)*-$*.# (4'*'&# '&)'&*'0# :4'# '"# E'G%0
E4(0'5%# '-# "1# $14-1# (0,5%0*,1"# *'# )%*1# "1-# $0'1$,%&'-7# N"# '-# 7%"%$%9# %# "1
6'0*1*#F"),519#(%0:4'#)%*1-#"1-#*'5;-#6'0*1*'-#'-);&#0'"1$,%&1*1-#$%&#N"7#N"#'-
%5&,-$,'&)'7#B101#N"#&%#'<,-)'#,"4-,A&#1"=4&17
2"=4&%-# '04*,)%-# 5J.J6J*I-# 10=4.'&# :4'# '"# !"#$%&'()*+%,%-%$# &%# 84'
0'$%(,"1*%# (%0# H0I# /.J-1*'619# .# %)0%-# -4=,'0'&# :4'#'-)'#",30%#'-#4&1#$0'1$,A&
5%*'0&19# '-$0,)1# (%0# 4&# )1"# /%(1*'617# B101# 0'84)10# -'5'D1&)'-# 10=45'&)%-
,&-'&-1)%-9# H0I# H0I*@101# E6J5I# -'G1"1# :4'# '&# 54$@%-# *'# "%-# A/"*@%.# 5;-
1&),=4%-#-'#@1$'#0'8'0'&$,1#1"#()*+%,%-%$7#!-)'#(0,5'0#;N2L%#*'"#()*+%,%-%$
$%5,'&T1#$%&#'"#$%3-"%#eJ.1)0I7#!&#'"#E%-.9%0A/"*@%9#:4'#'-#'"#5;-#1&),=4%
*'# )%*%-# "%-# A/"*@%.9# -'# @1$'# 0'8'0'&$,1# 1# '-)%7# !&# 0'"1$,A&# $%&# '"# $%3-"%
eJ.1)0I#*'"#()*+%,%-%$9#'&#'-'#A/"*@%#-'#*,$'#:4'#'<,-)'&#54$@1-#&1001$,%&'-
*'#,&-)04$$,%&'-#'-(,0,)41"'-#:4'#$%5,'&T1&#$%&#'"#$%3-"%#eJ.1)0I7#t#'<,-)'#"1
@,-)%0,1# *'# /Z)0J-4017# W%*%# 1:4'"# :4'# 0'=1"'# '-)1# =01&# %301# '&# 4&# *>1# *'#"4&1
""'&19#1"$1&T10;#"1#('08'$$,A&#5;-#'"'61*1#*'#"1#6,*19#:4'#$%&-,-)'#'&#0'=0'-10#1
+,%-7#W153,O&#-'#@1$'#0'8'0'&$,1#1"#()*+%,%-%$#'&#%)0%-#A/"*@%.9#'&#"%-#:4'
-'# 18,051# $"1015'&)'# :4'# '-)1# %301# 84'# $%5("')1*1# '&# *%$'# $1&)%-9# :4'
$%5(0'&*'&# *,'$,%$@%# 5,"# ;N2L%.7# !&# '"# A%&$%0 A/"*@%# )153,O&# -'# @1$'
0'8'0'&$,1# 1"# ()*+%,%-%$9# '&# 4&1# $%&6'0-1$,A&# '&)0'# e14)151# .# X1@J0JD1
25310I[17# 2""># -'# "'# 1$%&-'DA# 1"# k'.# :4'9# -,# *'-'131# ",3'010-'# *'"# $14),6'0,%
51)'0,1"9#"'.'01#0'=4"105'&)'#'"#!"#$%&'()*+%,%-%$7#2&)'#)1"'-#$,0$4&-)1&$,1-9
&%#@1.#*4*1#0'-('$)%#1#"1#14)%0,*1*#*'"#()*+%,%-%$7#!&#"%-#F"),5%-#:4,&,'&)%-
1G%-9# 54$@%-# '04*,)%-# -13,%-# .# *?*"9%.9# )1"'-# $%5%# cI61# e%-6J5I9# E1&J)1&1
e%-6J5I9# /,d61&J)@1# R1U01610)I9# /1""13@J$J0.19# .# 54$@%-# %)0%-# *,-),&=4,*%-
'04*,)%-9#,&$"4-%#*'-(4O-#*'#"1#O(%$1#*'"#E'G%0#R1,)1&.19#'"13%010%&#*')1""1*%-
$%5'&)10,%-#1$'0$1#*'"#()*+%,%-%$7#!"#'-)4*,1&)'#-,&$'0%#@10>1#3,'&#'&#)01)10
*'#'<15,&10"%-9#(101#-13%0'10#$%&#51.%0#*'"',)'#"%-#5'&-1D'-#)01-$'&*'&)1"'-7
H0I"1#/,d61&J)@1#R1U01610)I#j@JU401#)01)1#'-('$>8,$15'&)'#"1#(-,$%"%=>1#-'<41"
%0,=,&1"# .# (401# K*&4'"%.%L9# *'-(%D1*1# *'# )%*1# '530,1=4'T# 54&*1&17# I2&%0 N%
?"<%?4^30 $%-<"4%N0 .<0 $/<,<0 1%>20 <N0 7"43?47420 &<0 N%0 ,4&%0 .<U/%N7# !&# "1
$,6,",T1$,A&#5%*'0&19#"1#6,*1#-'<41"#'-#'"#(4&)%#8%$1"#*'#)%*1-#"1-#1$),6,*1*'-7
2*%&*':4,'01# :4'# 4&%# 5,0'9# 6'# :4'# "1# 6,*1# -'<41"# '-# "%# (0'(%&*'01&)'7# B%0
$%&-,=4,'&)'9# "1# 6,*1# -'<41"# &%# '-# ,00'1"7# E4# 0'1",*1*# -'# '<('0,5'&)1# '&# '"
54&*%#'-(,0,)41"7#M1#6,*1#-'<41"#51)'0,1"#&%#'-#5;-#:4'#4&#0'8"'D%#('06'0),*%
*'"#@'$@%#%0,=,&1"7#!"#@'$@%#%0,=,&1"#-'#@1""1#'&#"1#/'0*1*#23-%"4)19#.#(%0#'-%
"1# /'0*1*# 23-%"4)1# &%# (4'*'# -'0# ,5('0-%&1"7# ?%# '-# (%-,3"'# -'0# ,5('0-%&1"# .
$%&)'&'0#6,*1#-'<41"#(4017#+'#51&'01#:4'9#"%-#8,"A-%8%-#,5('0-%&1",-)1-#"'#@1&
*1*%# 4&# ,5(4"-%# ,&*,0'$)%# 1# "1# 13%5,&13"'# 6,*1# -'<41"# 54&*1&19# (%0# @13'0
@'$@%#*'51-,1*%#O&81-,-#'&#'"#$10;$)'0#,5('0-%&1"#*'#"1#6'0*1*#F"),517#R%5%
$%&-'$4'&$,1#*'#'""%9#'"#@%530'#@1#1$'()1*%#"1#('06'0),*1#6,*1#-'<41"#$%5%#"%
5;<,5%#:4'#'<,-)'9#(%0#&%#)'&'0#,&8%051$,A&#*'#"1#6'0*1*'01#8%051#'-(,0,)41"
*'# "1# 6,*1# -'<41"7# !<,-)'# 4&1# *,8'0'&$,1# '&)0'# "1# 6,*1# -'<41"# '&# "1# '&8'051
$%&*,$,A&#51)'0,1"9#.#"1#6,*1#-'<41"#'-(,0,)41"7
!-)'# !"#$%&'()*+%,%-%$# '"'610;# =01*41"5'&)'# 1"# "'$)%0# ,5(10$,1"# 1# "1# 5;-
'"'61*1#.#('08'$)1#')1(1#*'#"1#)01-$'&*'&$,17#M%#$1(1$,)10;#(101#)01-$'&*'0#"1-
)0'-# 5%*1",*1*'-# *'# "1-# 1$),6,*1*'-# 51)'0,1"'-p# "1-# 1$$,%&'-# 804,),61-9# "1
8,"%-%8>1# '-('$4"1),61# .# "1# 1*%01$,A&# *'# *',*1*'-# 84&$,%&1"'-# )1"# $%5%# -'
,&$4"$1#'&#"%-#6'0-%-#6O*,$%-7

*.PNI,<
&)%"$%Q07"2>>)4-%'L%4-%,20_-"%07%"%$2034"$%-.%"*@*80.%-*8
,<&9%80,*.-%,%$0%-"%0,%.-/0;4,%&%80-*7%'-"%923$5N%3%$
;"#$%&'1)*+%,%-<0$%)*'$/34'LH-<0L480,*07%"%4"0#;,%"%Q
.%&920)H&90%,%"/&)9%-<0_-"%0LH-41)4Q0;/;"5C/1)4.0-%-'LC%@*-

&)%"$%Qm0'",=,%-,*1*C#7"2>>)4-%m0'$@1T1*1#(%0#$%5("')%C
L%4-%,%Qm$43,'0)1#(%0#"1#,&)'&$,A&#804,),61C#%-"%m1:4>C#7%"%$%Qm"%#5;-
'"'61*%C#34"$%-.%"*@*$m*'#"%-#:4'#),'&'&#'"#$%01TA&#$,'&#(%0#$,'&#(40%C
.%-*$m*'6%)%-C#,<&9%$m$%5(0'&-,3"'C#,*.-%,%$m0'1"C#%-"%m1:4>C
,%.-/m'-'&$,1C#;4,%&%$m3,'&'-)10C#-*7%'-"%9%m-480,5,'&)%#)0,("'C
/3$5N%3%$m$14-1&*%#'"#*'-1001,=%#*'C#;"#$%-m@'05%-%C#1)*+%,%-<m'"
P@J=161)1#B40JS1C#$%)*'$/34m'"#=01&#-13,%C#LH-<m@13,'&*%#0'$%(,"1*%C
L4$m$4;"#'-C#,*m"1#&'$'-,*1*C#7%"%4Qm%)01-C##;,%"%Qm'"#E'G%0#E4(0'5%C
.%&9%Qm*'#,&5'*,1)%C#)H&4m*'&)0%#*'"#$%01TA&C#%,%"/&)9%-<m-'#$%&-%",*1C
%-"%m1:4>C#LH-41)4Qm(%0#"%-#@%530'-#(,1*%-%-C#;/;"5C/1)4Qm5'*,1&)'#'"
$4"),6%C#-%-'LC%@*-m-,&#*'5%017

FPCMG55!bJ
P0(7+2+"&%,9%$,(%Z9L0#%,#%&+/,L+/,+(#)O)&+&0/,$0L)K)%/+/,h'0,#)0"0"
Z%#)O+()%"0/,Z+#0$)+L0/d,0/#0,[78K+O+#+,D'$8T+,0j9%"0,L+,O0$&+&,Zi/
0L0O+&+,h'0,0j)/#0d,-,h'0,0"#)0"&0",+h'0LL%/,&0O%#%/,('-%,(%$+2V",0/#i
#%#+LZ0"#0,9'$%f,H+,O0$&+&,Zi/,0L0O+&+,h'0,0j)/#0,0/,L+,$0+L)&+&,h'0d,9%$
0L,:)0",&0,#%&%/d,/0,7+(0,&)/#)"K')$,&0,L%,)L'/%$)%f,./+,O0$&+&,0L)Z)"+,0L
/'U$)Z)0"#%,#$)9L0f,./#0,70$Z%/%,[78K+O+#+Zd,$0(%9)L+&%,9%$,0L,K$+",/+:)%
*-8/+,o0",/',Z+&'$02pd,0/,/'U)()0"#0,0",/q,9+$+,(%Z9$0"&0$,+,M)%/f,r^'l
"0(0/)&+&,7+-,&0,+LK'"+,%#$+,./($)#'$+s,F+",9$%"#%,(%Z%,/0,('L#)O+
(%"%()Z)0"#%,Z0&)+"#0,0L,70(7%,&0,%q$,+#0"#+,-,/'Z)/+Z0"#0,0L,Z0"/+W0,&0L
[78K+O+#+Zd,0L,N01%$,N'9$0Z%,/0,0/#+:L0(0,0",0L,(%$+2V",&0,'"%f

N!aJ!n!5CMI
M1#0'",=,A&#$%5(0'&*'#$41)0%#$4'-),%&'-#(0,&$,(1"'-p#"1-#1$),6,*1*'-#(,1*%-1-9
'"# *'-100%""%# '$%&A5,$%9# "1# -1),-81$$,A&# *'# "%-# -'&),*%-# .9# 8,&1"5'&)'9# "1
",3'01$,A&#*'"#$14),6'0,%#51)'0,1"7#M1#6,*1#,00'",=,%-1#$%&-),)4.'#4&1#$%&*,$,A&
*'#310310,'7#!&#'8'$)%9#"1#6,*1#@451&1#$%5,'&T1#$41&*%#$%5,'&T1#"1#0'",=,A&7
R%5'09#*%05,09#)'5'0#.#1(10'10-'#-%&#"%-#$41)0%#(0,&$,(,%-#*'#"1#6,*1#1&,51"7
N-)%-# -%&# $%54&'-# )1&)%# 1# "%-# 1&,51"'-# $%5%# 1# "%-# -'0'-# @451&%-7# B'0%# "1
0'",=,A&#'-#"1#84&$,A&#1*,$,%&1"#*'"#-'0#@451&%7#E,&#0'",=,A&9#"1#6,*1#@451&1#&%
'-# 5;-# :4'# 6,*1# 1&,51"7# B%0# '""%# '&# "1-# -%$,'*1*'-# @451&1-# '<,-)'# 1"=4&1
8%051#*'#0'",=,A&#:4'#1(4&)1#@1$,1#"1#14)%00'1",T1$,A&9#.#:4'#@1$'#0'8'0'&$,1#1
"1#')'0&1#0'"1$,A&#:4'#'"#@%530'#),'&'#$%&#+,%-7
!&#"1-#')1(1-#31D1-#*'#"1#$,6,",T1$,A&#@451&19#-,'5(0'#'<,-)'#4&1#$%5(')'&$,1
(101# '&-'G%0'10-'# *'# "1# &1)401"'T1# 51)'0,1"9# %9# '&# %)01-# (1"1301-9# @1.# 4&1
0,61",*1*# $%&),&41# (101# -1),-81$'0# "%-# -'&),*%-7# Q5(4"-1*%# (%0# '-1# $"1-'# *'
$%&$,'&$,19# '"# @%530'# 0'$400'# 1# "1# 0'",=,A&7# !&# $%&-'$4'&$,19# 0'1",T1
1$),6,*1*'-# (,1*%-1-# %# 84&$,%&'-# 0'",=,%-1-# $%&# '"# (0%(A-,)%# *'# %3)'&'0# 1"=%
51)'0,1"7#B'0%#-,#'-%-#3'&'8,$,%-#51)'0,1"'-#-'#(4'*'&#%3)'&'0#*'#%)01#51&'019
'&)%&$'-#-'#@1$'#$1-%#%5,-%#*'#"1#-4(4'-)1#0'",=,A&7#N-1#'-#"1#-,)41$,A&#'&#:4'
-'# '&$4'&)01# "1# $,6,",T1$,A&# 5%*'0&17# !"# @%530'# '-);# (0%-('01&*%
'$%&A5,$15'&)'9#(%0#"%#$41"#1$)41"5'&)'#&%#'-);#54.#,&)'0'-1*%#'&#"1#0'",=,A&7
n%.# '&# *>19#"1-#,="'-,1-9#5'T:4,)1-#%#)'5("%-#'-);&#(0;$),$15'&)'#61$>%-7#M%-
@%530'-# '-);&# 5;-# ,&)'0'-1*%-# '&# 8;30,$1-9# ),'&*1-# .# $,&'-9# :4'# '&# "4=10'-
0'",=,%-%-#'0,=,*%-#(%0#-4-#1&)'(1-1*%-7#!-)%#*'54'-)01#*'#8%051#(0;$),$1#:4'
"1#0'",=,A&#-'#(0%8'-1#'&#34-$1#*'#1"=4&%-#3'&'8,$,%-#'$%&A5,$%-7#2#5'&4*%9
$41&*%# 4&%# 801$1-1# '&# "1# $%&-'$4$,A&# *'# "1# $%5("1$'&$,1# *'# "%-# -'&),*%-9# -'
*'*,$1#1#"1#-1"61$,A&#.#)01)1#*'#6%"6'0-'#4&%#$%&#'"#E4(0'5%7#2->#(4'-9#)%*%-
'-%-# '-)1*%-# -%&# -'&$,""15'&)'# *,8'0'&)'-# ),(%-# *'# $%5("1$'&$,1# *'# "%-
-'&),*%-7
!&# "%-# =<&%.# -'# (0'-$0,3'# "1# 'D'$4$,A&# *'# 8%051# 0'=4"1*1# *'# "1-# $41)0%
1$),6,*1*'-#1&)'-#5'&$,%&1*1-9#(101#:4'#&%#'<,-)1#4&1#$%5(')'&$,1#*'-5'*,*1
'&# (%-# *'# "1# $%5("1$'&$,1# *'# "%-# -'&),*%-7# B'0%# '"# !"#$%&'()*+%,%-%$# '-
)01-$'&*'&)1"#1#)%*1-#'-1-#1$),6,*1*'-#:4'#34-$1&#-1),-81$'0#"%-#-'&),*%-7#!-#4&
51)'0,1"# *'# "'$)401# (40%# .# )01-$'&*'&)1"9# :4'# F&,$15'&)'# (4'*'&# '&)'&*'0# "%-
*'6%)%-#(40%-#*'"#E'G%09#:4,'&'-#-'#'&$4'&)01&#'&#4&#'-)1*%#)01-$'&*'&)1"#1#"1
$%5("1$'&$,1# -'&-41"# $%5('),),617# !&# '"# 54&*%# 51)'0,1"# '<,-)'# 4&1# 0'G,*1
$%5(')'&$,1# '&)0'# "%-# 1&,51"'-9# '&)0'# "%-# @%530'-9# '&)0'# "1-# $%54&,*1*'-# .
'&)0'# "1-# &1$,%&'-7# B'0%# "%-# *'6%)%-# *'"# E'G%0# -'# '"'61&# (%0# '&$,51# *'# '-1-
$%5(')'&$,1-7#!""%-#&%#$%5(,)'&#$%&#"%-#51)'0,1",-)1-9#(4'-#-'#'&$4'&)01&#'&#'"
-'&*'0%# :4'# $%&*4$'# *'# 64'")1# 1# +,%-9# '&# $4.1# 5%01*1# "1# 6,*1# '-# ')'0&1# .
3,'&16'&)401*17# !-%-# )01-$'&*'&)1",-)1-# &%# -,'&)'&# '&6,*,19# .# -%&# *'# $%01TA&
(40%7# !&# '"# 54&*%# 51)'0,1"9# $1*1# $41"# '&6,*,1# 1# )%*%-# "%-# *'5;-9# .# (%0# '""%
'<,-)'#"1#$%5(')'&$,17#B'0%#"%-#)01-$'&*'&)1"'-#*'6%)%-#*'"#E'G%0#&%#-A"%#'-);&
",30'-# *'# "1# '&6,*,1# 51)'0,1"9# -,&%# :4'# 1*'5;-# -%&# 3,'&:4'0,'&)'-# *'# )%*%# '"
54&*%9# (4'-# (0%$401&# '-)13"'$'0# 4&1# -%$,'*1*# -,&# $%5(')'&$,1-9# :4'# )'&=1# 1
+,%-# '&# '"# $'&)0%7# !"# $%&$'()%# -%$,1",-)1# $%&)'5(%0;&'%# *'# 4&1# -%$,'*1*# -,&
$%5(')'&$,1-# '-# 10),8,$,1"9# (%0:4'# '&# '"# !-)1*%# -%$,1",-)1# -'# $%5(,)'# (%0# '"
(4'-)%# *'# *,$)1*%07# +'-*'# '"# (4&)%# *'# 6,-)1# *'# "%-#=<&%.# %# *'-*'# '"# (4&)%# *'
6,-)1# *'# "1-# 1$),6,*1*'-# @451&1-# $%54&'-9# "1# $%5("1$'&$,1# *'# "%-# -'&),*%-
$%&-),)4.'#"1#31-'#*'#"1#6,*1#51)'0,1"7#!&#"%-#=<&%.#-'#5'&$,%&1&#)0'-#-'&*'0%-7
V&%# *'# '""%-# $%5(0'&*'# "1-#1$),6,*1*'-#804,),61-#(101#%3)'&'0#"1#(0%5%$,A&#1
("1&')1-# 5'D%0'-# :4'# O-)'7# h)0%# ,5(",$1# "1# 1*%01$,A&# *'# *,8'0'&)'-#-'5,*,%-'-
(101#"%=010#"1#(0%5%$,A&#1#"%-#("1&')1-#*'#"%-#-'5,*,%-'-C#.#'"#F"),5%#)01)1#*'#"1
$%5(0'&-,A&# *'# "1# /'0*1*# 23-%"4)1# .# E4# 1-('$)%# ,5('0-%&1"9# .# *'"# @'$@%# *'
6%"6'0-'#4&%#$%&#N"7
!"# 1-('$)%# ,5('0-%&1"# *'# "1# /'0*1*# 23-%"4)1# &%# '-# '"# 5;-# '"'61*%# *'# )%*%-7
B%0#'&$,51#*'"#1-('$)%#,5('0-%&1"#'-);#'"#1-('$)%#B1015J)5J9#.#(%0#'&$,51#*'
O-)'# -'# @1""1# P@1=16J&9# %# '"# 1-('$)%# ('0-%&1"# *'# "1# /'0*1*# 23-%"4)17# !"
!"#$%&'()*+%,%-%$# &%-# *1# ,&8%051$,A&# 1$'0$1# *'# "1# /'0*1*# 23-%"4)1# '&# E4
1-('$)%#('0-%&1"7#!-#5;-#'"'61*%#:4'#"%-#",30%-#,5('0-%&1",-)1-9#.#5;-#'"'61*%
:4'# "1# *,6,-,A&# >S*3%'L*@M%# *'# "%-# =<&%.7# !-# ,&$"4-%# 5;-# '"'61*%# :4'# "1
*,6,-,A&# L%"$%'L*@M%# .# :4'# "1# *,6,-,A&# /7*.%3*'L*@M%9# *'3,*%# 1# :4'
0'$%5,'&*1# "1# 1*%01$,A&# *'# "1# E4(0'51# B'0-%&1",*1*# *'# +,%-9# '"# E'G%0# H0I
YZ[S17#!&#'"#L%"$%'L*@M%0@1.#$%5(')'&$,1#(%0#""'=10#1#"%-#("1&')1-#$'"'-),1"'-
'&# (%-# *'# 4&1# 5'D%0# $%5("1$'&$,1# *'# "%-# -'&),*%-9# .# @1.# 4&1# $%5(')'&$,1
-,5,"10# '&# '"# >S*3%'L*@M%# .# '&# '"# /7*.%3*'L*@M%7# !"# !"#$%&'()*+%,%-%$# '-
-4('0,%0# 1# )%*%-# '""%-9# (%0:4'# ),'&'# $%5%# 5')1# "1# /'0*1*# 23-%"4)19#:4'#'-#"1
'-'&$,1#%#"1#01>T#*'#)%*1-#"1-#$1)'=%0>1-7#R%&#'"#!"#$%&'()*+%,%-%$#4&%#(4'*'
""'=10# 1# $%&%$'0# "1# '-'&$,19# 1-># $%5%# )153,O&# "1-# $1)'=%0>1-7# M1# '-'&$,1# '-# "1
/'0*1*# 23-%"4)19# '"# E'G%0# E4(0'5%9# .# )%*1-# "1-# '51&1$,%&'-# -%&# 8%051-
0'"1),61-#*'#'&'0=>17
?%#@1.#&1*1#:4'#'-)O#-'(101*%#*'#"1#'-'&$,19#('0%#1"#5,-5%#),'5(%#"1-#'&'0=>1-
-%&# *,8'0'&)'-# *'# "1# '-'&$,17# !-)'# $%&$'()%# &%# '-# $%&)01*,$)%0,%7# !"
!"#$%&'()*+%,%-%$# (0%54"=1# *'# 8%051# '<(">$,)1# '-1# 8,"%-%8>1# *'# "1# 4&,*1*# .
*,8'0'&$,1#-,54");&'1-#:4'#8,=401#'&#'"#=<&*3-%'.5-"%9#'"#$41"#$%5,'&T1#$%&#'"
.5-"%0z>%3$*&90%.9%{7
!-'# $%&%$,5,'&)%# :4'# '<(%&'# :4'# '"# E'G%0# .# E4# '&'0=>1# -%&# 4&%# .9
-,54");&'15'&)'9# *,8'0'&)'-9# '-# 4&1# 0'-(4'-)1# 1"# ,&)'&)%# :4'# 0'1",T1&# "%-
'-('$4"1*%0'-#5'&)1"'-#(101#'-)13"'$'0#:4'#"1#'&'0=>1#'-#'"#23-%"4)%7#R41&*%
*'#@'$@%#4&%#'&),'&*'#'-'#$%&%$,5,'&)%9#6'#:4'#"%-#$%&$'()%-#*'#5%&,-5%#.
*41",-5%# -%&# ,5('08'$)%-7# !"# *'-100%""%# *'# '-)1# $%&$,'&$,1# )01-$'&*'&)1"9
31-1*%# '&# "1# $%&$'($,A&# *'# "1# 4&,*1*# .# *,8'0'&$,1# -,54");&'1-9# "%# $%&*4$'# 1
4&%# ,&5'*,1)15'&)'# 1# "1# ')1(1# '&# :4'# -'# ",3'01# *'"# -480,5,'&)%# )0,("'7# !"
-480,5,'&)%#)0,("'#'-);#$%&-),)4,*%#(%0#K]L#1:4'""%-#-480,5,'&)%-#:4'#(0%6,'&'&
*'# "1# 5'&)'# .# *'"# $4'0(%9# K}L# 1:4'""%-# -480,5,'&)%-# :4'# ,&8",='&# %)0%-# -'0'-
6,6,'&)'-9# .# KƒL# 1:4'""%-# -480,5,'&)%-# :4'# 0'-4")1&# *'# "1-# $1);-)0%8'-# &1)401"'-
-%30'# "1-# :4'# 4&%# &%# ),'&'# $%&)0%"7# !"# !"#$%&'()*+%,%-%$# $%5,'&T1# $%&# "1
'&)0'=1#*'"#*'6%)%#1#"1#B'0-%&1#23-%"4)17#!"#*'6%)%#'-);#("'&15'&)'#$%&-$,'&)'
*'#:4'#'-#4&%#$%&#'"#23-%"4)%#.#:4'9#1"#5,-5%#),'5(%9#),'&'#"1#(%-,$,A&#')'0&1
*'#-'0#-,06,'&)'#*'"#23-%"4)%7#!&#'"#$%&$'()%#51)'0,1"9#4&%#$0''#81"-15'&)'#-'0
'"#15%#*'#)%*%#"%#:4'#6'9#.9#(%0#$%&-,=4,'&)'9#-,'5(0'#"%#5%"'-)1#'"#-480,5,'&)%
)0,("'# *'# "1# 6,*17# B'0%# )1&# (0%&)%# $%5%# 4&%# ""'=1# 1# $%5(0'&*'0# -4# 6'0*1*'01
(%-,$,A&# *'# -,06,'&)'# )01-$'&*'&)1"9# *'# ,&5'*,1)%# :4'*1# ",30'# *'# )%*%-# "%-
-480,5,'&)%-7# X,'&)01-# "1# '&),*1*# 6,6,'&)'# '-)O# )01)1&*%# *'# *%5,&10# "1
&1)401"'T1#51)'0,1"9#&%#@1.#&,&=4&1#(%-,3,",*1*#*'#:4'#-'#64'"61#-,06,'&)'#*'"
E4(0'5%7# !"# -'06,$,%# :4'# -'# "'# (0'-)1# 1"# E'G%09# -'# 0'1",T1# $%&# 4&1# $%&$,'&$,1
(401#*'#"1#,*'&),*1*#'-(,0,)41"#*'#4&%C#5'*,1&)'#'"#-'06,$,%9#4&%#:4'*1#",30'#*'
,&5'*,1)%#*'#"1-#5%"'-),1-#51)'0,1"'-7
B%0#'&$,51#*'#'-)%9#'"#!"#$%&'()*+%,%-%$#'-#4&#$%5'&)10,%#('0-%&1"#:4'#H0I
/.J-1*'61# "'# @,T%# 1"# =<&*3-%'.5-"%7# s4'# '-$0,)%# '&# "1# 51*40'T# *'# -4# 6,*1
'-(,0,)41"9# 1# )016O-# *'# "1# 5,-'0,$%0*,1# *'# ?J01*17# H0I# /.J-1*'61# '-# "1
'&$10&1$,A&#14)%0,T1*1#*'#?J0J.1S19#"1#B'0-%&1",*1*#*'#+,%-7#B%0#"%#)1&)%9#&%
@1.#&,&=4&1#*4*1#*'#-4#14)%0,*1*7#N"#'-#'"#14)%0#*'#)%*1-#"1-#*'5;-#!-$0,)401-
6O*,$1-9# 5;-9# &%# %3-)1&)'9# 0'$%5,'&*1# '"# '-)4*,%# *'"# !"#$%&'()*+%,%-%$# (%0
'&$,51#*'#)%*1-#"1-#*'5;-7#!&#%)0%-#A/"*@%.#-'#(0'-'&)1&#*,8'0'&)'-#5O)%*%-
5'*,1&)'#"%-#$41"'-#4&%#(4'*'#1*%010#1#"%-#-'5,*,%-'-7#B'0%#'&#'"()*+%,%-%$
-'# 5'&$,%&1# F&,$15'&)'# 1"# E'G%0# E4(0'5%7# !"# E'G%0# E4(0'5%# '-# '"# $4'0(%
$%5("')%9# .# "%-# -'5,*,%-'-# -%&# "1-# *,8'0'&)'-# (10)'-# *'"# $4'0(%7# !&
$%&-'$4'&$,19# 1"# 1*%010# 1"# E'G%0# E4(0'5%9# 4&%# &%# &'$'-,)1# 1*%010# 1# "%-
-'5,*,%-'-7# !"# E'G%0# E4(0'5%# :4'*1# *'# ,&5'*,1)%# 8,D%# '&# '"# $%01TA&# *'"
*'6%)%7# !"# E'G%0# R1,)1&.1# X1@J(013@4# @1# 0'$%5'&*1*%# '"
!"#$%&'()*+%,%-%$9#*,$,'&*%#:4'#'-#'"#A/"*@%#,&51$4"1*%9#.#"%#*,-),&=4'#*'
"%-#*'5;-#A/"*@%.7
!"#5O)%*%#1(0%(,1*%#(101#0'$,3,0#'-)'#5'&-1D'#)01-$'&*'&)1"9#$%&-,-)'#'&#%>0"%
-45,-15'&)'7# V&1# 1$),)4*# *'-18,1&)'# &%# (4'*'# 1.4*10"%# 1# 4&%# 1# $%5(0'&*'0
'-)'# 5'&-1D'# )01-$'&*'&)1"7# V&1# (1"1301# '&# (10),$4"10# -'# 4-1# 1:4># (101# *10# "1
=4>1#*'3,*17#!-1#(1"1301#'-#;/;"5C/7#V&%#*'3'#'-)10#1&-,%-%#*'#%>0#'-)'#5'&-1D'
)01-$'&*'&)1"7# !"# *'-'%# *'# %>0"%# -,&$'015'&)'# '-# '"# (0,5'0# 0':4,-,)%# :4'# *'3'
$45(",0-'7
M1-# ('0-%&1-# (%$%# 18%0)4&1*1-# &%# '-);&# ,&)'0'-1*1-# '&# 13-%"4)%# '&# %>0# '-)'
!"#$%&'()*+%,%-%$7# !"# (0%$'-%# '-# -,5("'9# ('0%# "1# 1(",$1$,A&# '-# *,8>$,"7# M1
='&)'# *'-18%0)4&1*1# '&$4'&)01# -48,$,'&)'# ),'5(%# (101# %>0# %$,%-1-
$%&6'0-1$,%&'-# -%$,1"'-# .# (%">),$1-9# ('0%# $41&*%# -'# "'-# ,&6,)1# 1# 1-,-),0# 1# 4&1
0'4&,A&#*'#*'6%)%-#.#1#%>0#'"#!"#$%&'()*+%,%-%$9#0'('&),&15'&)'#-'#64'"6'&
0'&4'&)'-7#2#6'$'-9#"%-#"'$)%0'-#(0%8'-,%&1"'-#*'"#()*+%,%-%$#-'#-45'0='&#*'
,&5'*,1)%# '&# "%-# )'51-# >&),5%-# *'# "%-# (1-1),'5(%-# *'"# E'G%0# E4(0'5%9# :4'
1(10'&)'5'&)'# ,&)'0(0')1&# $%5%# ",)'01)401# -'<41"7# !"# !"#$%&'()*+%,%-%$# '-);
@'$@%#(101#%>0"%#*'-*'#'"#(0,&$,(,%7#!&#'-)'#;N2L%#-'#5'&$,%&1#1#1:4'""%-#:4'
-%&# 1()%-# (101# 1-,5,"10# '-)1# %301p# zV&%# -'# $1(1$,)1# (101# %>0# '"
!"#$%&'()*+%,%-%$9# *'-(4O-# *'# 54$@1-# 1$$,%&'-# (,1*%-1-{7# !"# =01&# -13,%
/.J-1*'61# "'# 1-'=401# 1# "1# ('0-%&1# ,&)'",='&)'# :4'# (%-''# 4&# *,-$'0&,5,'&)%
$4,*1*%-%9# :4'# (%*0;# ""'=10# 1# $%5(0'&*'0# 1# "1# E4(0'51# B'0-%&1",*1*
*,0'$)15'&)'9# (%0# '"# @'$@%# *'# %>0# '"# !"#$%&'()*+%,%-%$7# E,&# )'&'0# :4'# (1-10
(%0# "1-# *,8'0'&)'-# ')1(1-# *'# $%5(0'&-,A&# :4'# -'# (0'-'&)1&# '&# "%-# =<&%.9# 4&%
(4'*'#-'0#'"'61*%#*'#,&5'*,1)%#1#"1#(%-,$,A&#*'#7%"%$%)%8.%9#-,#-,5("'5'&)'
$%&-,'&)'#'&#0'$,3,0#'-)'#5'&-1D'7

*.PNI,=
34+%$%'L%N7%'-%"2"0+%N4-%807)%N%8
;/L%'$/L)*&0%$H-%'&"%,%'.%89/-%$
741%-%01)*+%,%-%80"%.%$0*N%9%8
$/)/"0%)20"%.4L*01)/,401)*,/L*Q

34+%$%mM1-#!-$0,)401-#6O*,$1-C#L%N7%'-%"2Qm'"#;03%"#*'#"%-#*'-'%-C
+%N4-%$m$%5("')15'&)'#51*401C#7)%N%$m804)%C#;/L%mH0I"1#H4U1*'61
e%-6J5I9#'"#%01*%0#%0,=,&1"#*'"#!"#$%&'()*+%,%-%$C#$/L)*-m*'#"%-#"13,%-
*'C#%$H-%m&O$)10C#&"%,%m-'5,-A",*%#.#3"1&*%9#.#(%0#'""%9#8;$,"#*'#)01=10C
.%89/-%$m('08'$)%#'&#)%*%-#"%-#1-('$)%-C#741%-%m"%#-13%0'1C
1)*+%,%-%$m'"#",30%#:4'#)01)1#*'#"1#$,'&$,1#1$'0$1#*'#"1#0'"1$,A&#')'0&1#$%&#'"
E'G%0C#"%.%$mD4=%#K"%#:4'#-'#-13%0'1LC#*N%9%$m@1-)1#"1#",3'01$,A&9#%#,&$"4-%
'&#4&1#$%&*,$,A&#",3'01*1C#$/)/Qm-,'5(0'C#%)2m„%@…C#"%.4L*Qm1:4'""%-
:4'#(%-''&#("'&%#$%&%$,5,'&)%#1$'0$1#*'#"%-#-13%0'-#)01-$'&*'&)1"'-C
1)/,4m'&#"1#W,'001C#1)*,/L*Qm('&-1*%0'-#.#'<('0)%-7

FPCMG55!bJ
cI7d,7%Z:$0/,90"/+&%$0/,-,0j90$#%/ed,/+:%$0+&,0L,3$4Z+&t[78K+O+#+Zd
0L,U$'#%,Z+&'$%,&0,L+/,./($)#'$+/,Ol&)(+/d,L+/,('+L0/,/%",(%Z%,'",i$:%L,&0
L%/,&0/0%/f,D'0/#%,h'0,0/0,U$'#%,7+,0Z+"+&%,&0,L%/,L+:)%/,&0,3$4L+
3'Y+&0O+,a%/O8Z4d,/0,7+,O'0L#%,+k",Zi/,/+:$%/%d,/),:)0",#%&%/d,)"(L'/%,L+/
+LZ+/,L):0$+&+/d,(%"/)&0$+:+",h'0,/',"0(#i$0%,W'K%,-+,0$+,+90#)#%/%f

N!aJ!n!5CMI
!&#"%-#*%-#;N2L%.#1&)'0,%0'-#-'#@1#*'5%-)01*%#*'8,&,),615'&)'#:4'9#'&#6,0)4*#*'
-4-# $41",*1*'-# )01-$'&*'&)1"'-9# '"# !"#$%&'()*+%,%-%$# '-# "1# %301# ",)'010,1
-43",5'# :4'# -4('01# 1# )%*1-# "1-# *'5;-# !-$0,)401-# 6O*,$1-7# 2*'5;-9# '-
)01-$'&*'&)1"#1#)%*1-#"1-#1$),6,*1*'-#.#$%&%$,5,'&)%#54&*1&%-7#!&#'-)'#;N2L%
-'#*'$"101#:4'#'"#!"#$%&'()*+%,%-%$#&%#'-#)1&#-A"%#4&1#%301#",)'010,1#-4('0,%09
-,&%# :4'# )153,O&# '-# '"# 804)%# 51*40%# *'# )%*1-# "1-# !-$0,)401-# 6O*,$1-7# !&# %)01-
(1"1301-9#'-#"1#$0'51#*'#)%*%#'"#$%&%$,5,'&)%#6O*,$%7#R%&-,*'01&*%#)%*%#'-)%9
'-#*'8,&,),615'&)'#'-'&$,1"#'"#%>0#(1$,'&)'#.#-45,-15'&)'7#R%&#=01&#0'-(')%#.
1)'&$,A&9# 4&%# *'3'# 0'$,3,0# '"# 5'&-1D'# .# "1-# "'$$,%&'-# :4'# ,5(10)'# '"
!"#$%&'()*+%,%-%$7
E'# *,$'# :4'# "%-# =<&%.# -'# 1-'5'D1&# 1"# ;03%"# *'# "%-# *'-'%-9# (%0:4'# $%&),'&'&
)%*1-# "1-# $%-1-# :4'# '"# @%530'# (4'*'# $%&%$'07# !""%-# )01)1&# *'# "1-# &'$'-,*1*'-
54&*1&1-9# 1-># $%5%# )153,O&# *'# "1# $%5(0'&-,A&# '-(,0,)41"7# M%-# =<&%.
$%&),'&'&# (0,&$,(,%-# 0'=4"1*%-# *'# $%&%$,5,'&)%9# :4'# 1310$1&# )'51-# -%$,1"'-9
(%">),$%-9# 0'",=,%-%-9# '$%&A5,$%-9# 5,",)10'-9# 5'*,$,&1"'-9# :4>5,$%-9# 8>-,$%-# .
5')18>-,$%-9# .# )%*%# "%# :4'# -'1# &'$'-10,%# -13'0# (101# 51&)'&'0# '"# $4'0(%# .# '"
1"51#D4&)%-7#X1-9#(%0#'&$,51#*'#)%*%#'-%9#@1.#,&*,$1$,%&'-#'-('$>8,$1-#(101#"1
$%5(0'&-,A&#'-(,0,)41"7#!"#$%&%$,5,'&)%#0'=4"1*%#""'61#$%&-,=%#4&1#'"'61$,A&
=01*41"# *'# "1# '&),*1*# 6,6,'&)'# 1# "1# ("1)18%051# '-(,0,)41"9# .# "1# $%5(0'&-,A&
'-(,0,)41"# 5;-# '"'61*1# :4'# '<,-)'# "1# $%&-),)4.'# '"# $%&%$,5,'&)%# *'# :4'# "1
B'0-%&1",*1*#*'#+,%-#'-#'"#51&1&),1"#*'#)%*%-#"%-#-13%0'-#'-(,0,)41"'-9#%#"%.%.7
W%*1# '&),*1*# 6,6,'&)'9# *'-*'# P01@5J9# '"# -'0# 6,6,'&)'# (0,5%=O&,)%# *'&)0%# *'"
54&*%# 51)'0,1"9# @1-)1# "1# ,&-,=&,8,$1&)'# @%05,=19# *'-'1# *,-804)10# *'# 1"=F&# ),(%
*'# -13%0# :4'# "1-# ('0$'($,%&'-# *'# "%-# -'&),*%-# (0%(%0$,%&'&7# !-%-# ("1$'0'-
-'&-41"'-# -'# *'&%5,&1&# )O$&,$15'&)'# "%.%.7# +,$@%-# "%.%.0 -%&# *'# *,8'0'&)'-
610,'*1*'-7# !&# "1-# !-$0,)401-# 0'6'"1*1-# -'# '&45'01&# "1-# -,=4,'&)'-# *%$'
610,'*1*'-#*'#"%.%.p#K]L#"%/&"%0K,01L9#K}L#%&1)/-%0K1-%530%L9#KƒL#;HR+*"%0K15%0
$%&.4=1"L9# K^L# )*.9%# K$%5'*,1L9# KgL# ,#"%# K$131""'0%-,*1*L9# KbL# &%9*
K5,-'0,$%0*,1L9# K`L# &*.9%# K-'06,*4530'L9# KaL# .%L)9%# K801)'0&,*1*L9# K~L
1)%9*3%L%# K@%00%0L9# K]_L#1#1)%-.%#K$%&5%$,A&L9#K]]L#;*3-%#K&'4)01",*1*L9#K]}L
,*-.%N9%#K(1)'0&,*1*L7
M1#-451#*'#)%*%-#'-%-#"%.%.#-'#*'&%5,&1#18'$)%#%#15%07#!-%-#-,=&%-#*'#15%0
-'#51&,8,'-)1&#(0,&$,(1"5'&)'#5'*,1&)'#"1#1*%01$,A&9#'"#-'06,$,%9#"1#15,-)1*9#'"
18'$)%#(1)'0&1"#.#'"#15%0#$%&.4=1"7#t#$41&*%#'-)%-#$,&$%#-'#@1""1&#14-'&)'-9#'"
15%0# '-);# (0'-'&)'# ,&*,0'$)15'&)'# '&# "1# ,019# '"# 1-%530%9# "1# $%5'*,19# "1
$131""'0%-,*1*9# '"# )'5%09# "1# $%&5%$,A&9# ')$7# B%0# 'D'5("%9# $41&*%# 4&# @%530'
'-);#'&15%01*%#*'#4&1#54D'09#'"#"%.%#-'#*'&%5,&1#15%0#$%&.4=1"7#B'0%#$41&*%
'-%-#15%0>%-#-%&#('0)4031*%-9#(4'*'#@13'0#1-%530%9#,019#$%&5%$,A&#%#,&$"4-%
@%00%07# 2# 6'$'-9# "%-# 15%0>%-# '&)0'# *%-# ('0-%&1-# $4"5,&1&# '&# @%00,3"'-
1-'-,&1)%-7# !-%-# "%.%.0 -'# '<@,3'&# '&)0'# @%530'# .# 54D'09# .# '&)0'# 1&,51"# .
1&,51"7# ?%# @1.# (%-,3,",*1*# *'# 4&# ,&)'0$153,%# *'# "%.%# '&)0'# 4&# @%530'# .# 4&
1&,51"9#%#'&)0'#4&#@%530'#.#1"=4&1#%)01#'-('$,'#*'#-'0'-#6,6,'&)'-#*'"#54&*%
51)'0,1"7# M%-# "%.%.# -'# ,&)'0$153,1&# '&)0'# 5,'530%-# *'# 4&1# 5,-51# '-('$,'7
B'0%#'&#"%#:4'#0'-('$)1#1#"1-#1"51-#'-(,0,)41"'-9#'""1-#.#'"#E'G%0#E4(0'5%#-%&
4&%9# $41",)1),615'&)'7# B%0# "%# )1&)%9# "%-# "%.%.0 -'# ,&)'0$153,1&# %0,=,&1"5'&)'
'&)0'#'"#-'0#6,6,'&)'#'-(,0,)41"#.#'"#)%*%#'-(,0,)41"9#"1#E4(0'51#B'0-%&1",*1*#*'
+,%-7# !"# ,&)'0$153,%# '-(,0,)41"# %# "%.%# -'# '<@,3'# 1# ("'&,)4*# '&# "1# '<,-)'&$,1
'-(,0,)41"9#'&)0'#"%-#-'0'-#6,6,'&)'-#.#'"#E'G%0#E4(0'5%7
B%0# $%&-,=4,'&)'9# 1# "1# E4(0'51# B'0-%&1",*1*# *'# +,%-# -'# "'# *'-$0,3'# '&# "%-
;"/-4'$%3-"%.9# %# @,5&%-# 6O*,$%-9# $%5%# z'"# 51&1&),1"# *'# )%*%-# "%-# "%.%.{7# !"
-'0# 6,6,'&)'# '-# 0'1"5'&)'# 8'",T9# $41&*%# -'# 1-%$,1# $%&# '"# E'G%0# E4(0'5%# '
,&)'0$153,1#$%&#'"#E'G%0#'"#"%.%#:4'#(%0#$%&-),)4$,A&#(%-''7
!-)%-# ;"/-4'$%3-"%.# ,&*,$1&# :4'# $1*1# -'0# 6,6,'&)'# ),'&'# -4# (%-,$,A&
$%&-),)4$,%&1"9# *%)1*1# *'# 4&# ),(%# (10),$4"10# *'# "%.%# 1# ,&)'0$153,10# $%&# "1
B'0-%&1",*1*# *'# +,%-7# Š&,$15'&)'# '&# "1# $%&*,$,A&# ",3'01*1# -'# '<('0,5'&)1# 1
("'&,)4*#'-)'#"%.%#(0,510,%7#!&#"1#'<,-)'&$,1#51)'0,1"9#'"#"%.%#-'#'<('0,5'&)1#'&
"1#8%051#('06'0),*19#:4'#'-#)'5(%01"7#t9#1->#(4'-9#"%-#"%.%.0*'"#54&*%#51)'0,1"
-'#'<@,3'&#'&#"1#8%051#51)'0,1"#*'#"%/&"%#K,01L9#')$7
B%0#$%&-,=4,'&)'9#1:4'"#:4'#"%=01#)'&'0#("'&%#$%&%$,5,'&)%#*'#'-)%-#*,8'0'&)'-
"%.%.9# :4'# -%&# "%-# (0,&$,(,%-# 3;-,$%-# *'# "1-# 1$),6,*1*'-9# (4'*'# '&)'&*'0# "1-
81"-1-# 0'(0'-'&)1$,%&'-# :4'# *'# "%-# "%.%.0 %0,=,&1"'-# -'# 0'8"'D1&# '&# '"# 54&*%
51)'0,1"7# !"# '04*,)%# '&)'&*,*%# 34-$1# *,-804)10# *'"# 6'0*1*'0%# "%.%# '&# "1# 8%051
'-(,0,)41"7#2"#$%5,'&T%9#*'-'1#6%"6'0-'#4&%#$%&#'"#E4(0'5%7#2->#:4'9#-,&#)'&'0
$%&%$,5,'&)%# *'# "%-# *,8'0'&)'-# "%.%.9# "%-# )01-$'&*'&)1",-)1-# (%$%# ,&)'",='&)'-
&%#(4'*'&#,0#5;-#1"";#*'#'-)1#$%&$'($,A&#*'#6%"6'0-'#4&%#$%&#'"#'-(>0,)4#)%)1"7
!&# '-)'# ;N2L%9# -'# 18,051# *'# 8%051# *'8,&,),61# :4'# '"# "%.%0 '-(,0,)41"# :4'# -'
-13%0'1# ,&$"4-%# '&#"1#')1(1#",3'01*19#(4'*'#'<('0,5'&)10-'#'&#"1#",)'01)401#*'"
!"#$%&'()*+%,%-%$9#(%0#-'0#O-)'#'"#804)%#51*40%#*'#)%*%#$%&%$,5,'&)%#6O*,$%7
B%0# '"# @'$@%# *'# %>0# -45,-15'&)'# "1# '<(%-,$,A&# *'# '-)1# )01-$'&*'&)1"# %301
",)'010,19#4&%#(4'*'#%3)'&'0#'"#("1$'0#$%5("')%#:4'#5;-#1&@'"19#('0%#4&%#*'3'
-'0# 54.# $4,*1*%-%# .# %>0# '"# 5'&-1D'# *'# "13,%-# *'# "1# 84'&)'# $%00'$)17# !"
!"#$%&'()*+%,%-%$# -'# 0'$,3'# (0'$,-15'&)'# *'# "1# 84'&)'# $%00'$)17# s4'# )01>*%
*'"# 54&*%# '-(,0,)41"# (%0# ?J01*1# X4&,9# :4,'&# -'# "%# *,%# 1# -4# *,-$>(4"%# H0I
/.J-1*'617# N-)'9# 1# -4# 6'T9# "'# '&)0'=A# '"# 5'&-1D'# 1# -4# @,D%9# H0I"1# H4U1*'61
e%-6J5I9#.#H0I"1#H4U1*'61#e%-6J5I#"'#'&)0'=A#'"#5'&-1D'#1#X1@J0JD1#B10IU[,)9
D4-)%# -,')'# *>1-# 1&)'-# *'# "1# 54'0)'# *'"# k'.7# H0I"1# H4U1*'61# e%-6J5I# '01# 4&
1"51#",3'01*1#*'-*'#-4#5,-5%#&1$,5,'&)%7#N"#'-)131#",3'01*%#14&#'&#'"#6,'&)0'
*'#-4#51*0'9#.#*'-(4O-#*'#-4#&1$,5,'&)%9#&4&$1#-'#-%5'),A#1#&,&=4&1#$"1-'#*'
'&)0'&15,'&)%# '-(,0,)41"7# 2"# &1$'09# &1*,'# '-);# $1(1$,)1*%9# &,# '&# -'&),*%
54&*1&%9#&,#'&#-'&),*%#'-(,0,)41"7#B'0%#H0I#H4U1*'61#e%-6J5I9#(%0#-'0#4&#1"51
('08'$)15'&)'#",3'01*19#&%#)46%#:4'#-%5')'0-'#1#4&#(0%$'-%#'6%"4),6%#'&#(%-#*'
"1# $%5(0'&-,A&# '-(,0,)41"7# E,&# '5310=%9# 1# ('-10# *'# -'0# 4&1# ('0-%&1
$%5("')15'&)'#",3'01*19#-,)41*1#'&#"1#(%-,$,A&#)01-$'&*'&)1"#:4'#-'#'&$4'&)01
5;-# 1"";# *'# "1-# )0'-# 5%*1",*1*'-# 51)'0,1"'-9# -'# -,&),A# 1)01>*%# (%0# '-)'# "%.%
)01-$'&*'&)1"# *'# "1# E4(0'51# B'0-%&1",*1*# *'# +,%-9# 1# :4,'&# 1*%01&# "1-# 1"51-
",3'01*1-#:4'#$1&)1&#@,5&%-#6O*,$%-7#M%-#(1-1),'5(%-#*'"#E'G%0#E4(0'5%#-%&
5;-#1)01$),6%-#(101#"1-#1"51-#",3'01*1-#:4'#(101#"1#='&)'#54&*1&17#B%0#84'0T19
N"#&%#(4'*'#-'0#,5('0-%&1"9#(%0:4'#-A"%#$%&#4&1#('0-%&1#'-#(%-,3"'#51&)'&'0
4&#"%.%#)01-$'&*'&)1"7
!&#'"#!"#$%&'()*+%,%-%$#-'#&1001&#"%-#(1-1),'5(%-#)01-$'&*'&)1"'-#*'"#E'G%09
.#"1#&1001$,A&#"1#0'1",T1#-,-)'5;),$15'&)'#H0I"1#H4U1*'61#e%-6J5I7#B%0#'-%9#'"
)'51#"'-#0'-4")1#1)01.'&)'#1#)%*1-#"1-#$"1-'-#*'#('0-%&1-9#,&$"4-%#1#1:4'""1-#:4'
34-$1&#"1#",3'01$,A&9#.#1#"1-#:4'#34-$1&#6%"6'0-'#4&%#$%&#'"#)%*%#-4(0'5%7
!&#-;&-$0,)%9#1"#"%0%#-'#"'#$%&%$'#)153,O&#$%5%#;/L%7#R41&*%#4&1#804)1#51*401
'-#5%0*,*1#(%0#"%-#0%D%-#(,$%-#*'#'-1-#16'-9#-4#*4"$'#-13%0#-'#0'1"T17#!"#804)%
6O*,$%9# 51*40%# '&# -4# $%&%$,5,'&)%9# -'# @13"1# 1# )016O-# *'# "%-# "13,%-# *'# H0I"1
H4U1*'61#e%-6J5I9#*'#:4,'&#-'#*,$'#:4'#-'#1-'5'D1#1"#"%0%9#&%#(%0#-4#@13,",*1*
*'# 0'$,)10# '"# ()*+%,%-%$0 )1"# $%5%# "%# %.A# *'# -4# '04*,)%# (1*0'9# -,&%# (%0# -4
@13,",*1*#*'#(0'-'&)10#"1#%301#*'#4&1#51&'01#:4'#"'-#0'-4")10>1#1)01$),61#1#)%*1-
"1-#$"1-'-#*'#@%530'-7
M1#51)'0,1#-'#(0'-'&)1#*'#4&1#8%051#)1"#1#)016O-#*'#"%-#"13,%-#*'#H0I"1#H4U1*'61
e%-6J5I9# :4'# $41":4,'0# %.'&)'# -,&$'0%# :4'# "%# '-$4$@'# -45,-15'&)'9# *'
,&5'*,1)%# (4'*'# (0%310# $%&# *'"',)'# -13%0'-# )01-$'&*'&)1"'-9# *,-),&)%-# *'# "%-
-13%0'-# ('06'0),*%-# *'"# 54&*%# 51)'0,1"7# !"# 804)%# 51*40%# &%# -'# *'D1# $1'0
0'('&),&15'&)'#*'-*'#YZ[S1"%U19#'"#5;-#'"'61*%#*'#)%*%-#"%-#("1&')1-9#-,&%#:4'
@1#*'-$'&*,*%#$4,*1*%-15'&)'#1#)016O-#*'#"1#$1*'&1#*'#-4$'-,A&#*,-$,(4"109#-,&
$153,%#&,#1")'01$,A&7#e'&)'#)%&)1#:4'#&%#8%051#(10)'#*'#"1#-4$'-,A&#*,-$,(4"10
)01-$'&*'&)1"9# $%5')'# =01&*'-# ':4,6%$1$,%&'-# 1"# )01)10# *'# '&)'&*'0# '"# "%.%
)01-$'&*'&)1"# 5;-# '"'61*%# *'# )%*%-# m$%&%$,*%# $%5%# "1# *1&T1# "%.%m# -,&
-'=4,0# "%-# (1-%-# *'# H4U1*'61# e%-6J5I9# :4'9# 54.# $4,*1*%-15'&)'9# (0'-'&)1
'-)'# 804)%# 1# )016O-# *'# ')1(1-# *'# $%5(0'&-,A&# )01-$'&*'&)1"7# V&%# *'3'# -'0# "%
-48,$,'&)'5'&)'# ,&)'",='&)'# $%5%# (101# -13'0# $4;"# '-# "1# (%-,$,A&# *'"
!"#$%&'()*+%,%-%$9# 5'*,1&)'# '"# '<15'&# *'# ('0-%&1",*1*'-# $%5%# H4U1*'61
e%-6J5I9# :4,'&# )01)1# '"# )'51# $%&# -45%# $4,*1*%7# !-)'# (0%$'-%# *'# -4$'-,A&
*,-$,(4"10# *'# "1# '-$4'"1# P@J=161)1# -4=,'0'# :4'# )153,O&# '&# '"# 84)40%# @1.# :4'
'&)'&*'0# '"# !"#$%&'()*+%,%-%$# $%&# 4&1# ('0-%&1# :4'# 0'1"5'&)'# -'1# 4&
0'(0'-'&)1&)'#*'#H0I"1#H4U1*'61#e%-6J5I7#V&#(0%8'-,%&1"#:4'#@1$'#4&#&'=%$,%
*'#"1#0'$,)1$,A&#,"'=1"#*'"#()*+%,%-%$9#*'-*'#"4'=%#:4'#&%#'-#4&#0'(0'-'&)1&)'
*'#H4U1*'61#e%-6J5I7#M%#:4'#1#'-'#@%530'#"'#,&)'0'-1#'-#F&,$15'&)'#=1&10-'
"1#6,*17#!&#$%&-'$4'&$,19#4&%#*'3'#13-)'&'0-'#*'#%>0#"1-#$%&8'0'&$,1-#*'#*,$@%-
(0%8'-,%&1"'-7#!-%-#@%530'-#4-41"5'&)'#61&#1#"1#(10)'#5;-#$%&8,*'&$,1"#*'#"1
%3019# -,&# (1-10# (%0# '"# (0%$'-%# =01*41"# &'$'-10,%# (101# '&)'&*'0# '-1# ,5(%0)1&)'
51)'0,17#B%0#"%#='&'01"9#'""%-#-'#T1534""'&#'&#'"#)'51#*'#"1#*1&T1#"%.%9#:4'#'-
'00A&'15'&)'# '&)'&*,*1# (%0# "%-# @%530'-# )%&)%-7# 2"=4&%-# *'# '""%-# $%&-,*'01&
,&5%01"# '"# )'519# 5,'&)01-# :4'# %)0%-# )01)1&# *'# $430,0"%# 5'*,1&)'# -4-# (0%(,1-# .
'-)F(,*1-#,&)'0(0')1$,%&'-7#!""%-#&%#),'&'&#*'-'%#1"=4&%#*'#-'=4,0#"%-#(1-%-#*'
H0I"1#H4U1*'61#e%-6J5I7
V&%#*'3'#$%&$"4,09#(%0#"%#)1&)%9#:4'#'"#'-)4*,1&)'#-,&$'0%#*'"#"%.%0*'3'#0'$,3,0
'"#5'&-1D'#*'"#()*+%,%-%$0'&#"1#$1*'&1#*'#-4$'-,A&#*,-$,(4"10#:4'#*'-$,'&*'
*'# H0I"1# H4U1*'61# e%-6J5I9# :4,'&# *'-$0,3'# '"# ()*+%,%-%$0 *'-*'# -4# (0%(,%
$%5,'&T%9# .# &%# $1(0,$@%-15'&)'# %# (101# -1),-81$'0# 1# "1# ('0-%&1# 54&*1&1# :4'
),'&'# 54.# (%$%# $%&%$,5,'&)%# *'# "1# $,'&$,1# )01-$'&*'&)1"7# !"
!"#$%&'()*+%,%-%$#-'#(0'-'&)1#*'#4&1#8%051#)1&#$4,*1*%-19#:4'#4&1#('0-%&1
-,&$'01# .# *'*,$1*1# (4'*'# *,-804)10# *'# ,&5'*,1)%# *'"# 804)%# 51*40%# *'"
$%&%$,5,'&)%# 6O*,$%9# -,5("'5'&)'# $%&# 3'3'0# '"# &'$);0'%# D4=%# 1# )016O-# *'# "1
3%$1#*'#H4U1*'61#e%-6J5I#%#-4#0'(0'-'&)1&)'#='&4,&%7

*.PNI,>
3%4$4C<0_34$4C%'LC<-"<
HC%9%Q0;%/3%L*&%9%Q
.%-"%80.,%"+*9%0N2L*9%
.%)%."%'.%$%$0*.%-%

3%4$4C<m'&#'"#3%-:4'#$%&%$,*%#$%5%#?1,5,[J01S.1C#%34$4C%'LC<-"<m'"#"4=10
:4'9#*'#8%051#'-('$,1"9#'-#4&%#*'#"%-#816%0,)%-#*'#/,[S4#K:4,'&#&%#$,'001#E4-
(;0(1*%-LC#HC%9%Qm-13,%-C#;%/3%L%'*&%9%Qm'&$13'T1*%-#(%0#'"#-13,%
H14&1U1C#.%-"%$m-1$0,8,$,%C#.,%"+*9%m'"#E'G%0#:4'#'-#="%0,8,$1*%#'&#'"#$,'"%C
N2L*9%m.#(101#"%-#*'6%)%-#:4'#-,'5(0'#'-);&#'&#$%&)1$)%#$%&#'"#E'G%0C
.%)%."%m5,"C#.%$%$m1G%-C#*.%-%m0'1",T10%&7
 FPCMG55!bJ
G"+,O02d,0",'",L'K+$,/+K$+&%,&0L,:%/h'0,&0,J+)Z)S8$+T-+,-,0",+$+/,&0
L+,/+#)/U+(()V",&0L,N01%$,-,N'/,&0O%#%/d,'"%/,K$+"&0/,/+:)%/d,0"(+:02+&%/
9%$,0L,/+:)%,3+'"+Y+d,/0,$0'")0$%",+,U)",&0,$0+L)2+$,'",K$+",/+($)U)()%,&0
Z)L,+1%/,&0,&'$+()V"f

N!aJ!n!5CMI
!"# (0'"4*,%# *'"# !"#$%&'()*+%,%-%$# -'# '<(4-%# '&# "%-# )0'-# ;N2L%.0 1&)'0,%0'-7
2@%01# -'# '-);# (0'-'&)1&*%# '"# )'51# (0,&$,(1"# *'# '-)1# =01&# %301# ",)'010,17# !"
!"#$%&'()*+%,%-%$9# *'-(4O-# *'# :4'# H0I"1# H4U1*'61# e%-6J5I# "%# 0'$,)A# (%0
(0,5'01#6'T9#-'#0'(,),A#(%0#-'=4&*1#6'T#'&#?1,5,[J01S.17
!&# '"# =*9%,#9%0 I%3-"%0 -'# *,$'# :4'# P01@5J9# '"# ,&='&,'0%# *'# '-)'# 4&,6'0-%# '&
(10),$4"109#$%&)'5("A#4&1#=01&#04'*1#:4'#(%*>1#'&$'0010#'"#4&,6'0-%7#!"#'D'#*'
'-'#=01&#$>0$4"%#-'#8,DA#'&#4&#"4=10#'-('$,1"9#$%&%$,*%#$%5%#?1,5,[J01S.17#+'
,=41"# 51&'019# '&# '"# =%"*)%0 A/"*@%# -'# '&$4'&)01# %)01# 1"4-,A&# 1"# 3%-:4'# *'
?1,5,[J01S.17# !&# '-'# A/"*@%# -'# *'$"101# :4'9# (%0# 0'1",T10# -1$0,8,$,%-# '&# '-'
"4=109# -'# 5'051# "1# 84'0T1# *'# "1# ='&)'# *'5%&,1$17# 2-># (4'-9# "%-# 1"*)$%@%.
(0'8,'0'&#?1,5,[J01S.1#(101#'-1-#'D'$4$,%&'-#*'#-1$0,8,$,%-7
M%-#*'6%)%-#*'"#E'G%0#/,[S4#%80'$'&#)%*1#$"1-'#*'#-1$0,8,$,%-#(101#("1$'0#*'#N"7
M%-# *'6%)%-# -,'5(0'# '-);&# 1('=1*%-# 1"# -'06,$,%# *'"# E'G%09# 5,'&)01-# :4'# "1-
1"51-# $1>*1-# '-);&# 1('=1*1-# 1# "%-# ("1$'0'-# *'# "1# '<,-)'&$,1# 51)'0,1"7# !&# "1
()%+%,%&'+#-*#-'#*,$'#:4'9#$41":4,'0#$%-1#:4'#-'#0'1",$'#'&#'"#54&*%#51)'0,1"
(%0#1"=4&1#01TA&#:4'#&%#-'1#'"#("1$'0#*'#/,[S49#"'#%$1-,%&1#4&#51.%0#$14),6'0,%
1"#'D'$4)%07#B%0#$%&-,=4,'&)'9#-'#%0*'&1#:4'#)%*%-#"%-#1$)%-#-'#0'1",$'&#1#51&'01
*'#-1$0,8,$,%9#(101#"1#-1),-81$$,A&#*'#/,[S4#.#E4-#*'6%)%-7#!-)%#"'#)01'0;#(1T#.
(0%-('0,*1*#1#)%*%#'"#54&*%7
M%-# =01&*'-# -13,%-# -,'5(0'# '-);&# 1&-,%-%-# *'# @1$'0"'# '"# 3,'&# 1# "1# ='&)'# '&
='&'01"9#.#(%0#'-%#"%-#-13,%-#'&$13'T1*%-#(%0#H14&1U1#.#%)0%-#-'#0'4&,'0%&#'&
'-'#-1=01*%#"4=10#*'#?1,5,[J01S.19#$%&#'"#("1&#*'#0'1",T10#4&1#=01&#.#$%&),&41
$1*'&1# *'# $'0'5%&,1-# *'# -1$0,8,$,%7# M%-# @%530'-# $,6,",T1*%-# &%# $%&%$'&# '"
-'&*'0%# $%00'$)%# (101# "1# (1T# .# "1# (0%-('0,*1*7# E,&# '5310=%9# "%-# -13,%-# "%
$%&%$'&# 3,'&9# .9# '&# $%&-'$4'&$,19# (%0# '"# 3,'&# *'# )%*%-# "%-# @%530'-9# -,'5(0'
'-);&# 1&-,%-%-# *'# 0'1",T10# 1$)%-# :4'# )'&=1&# (%0# 0'-4")1*%# "1# (1T# *'"# 54&*%7
!""%-# -%&# 15,=%-# -,&$'0%-# *'# )%*1-# "1-# '&),*1*'-# 6,6,'&)'-9# .9# 1# 0,'-=%# *'
=01&*'-#,&$%&6'&,'&)'-#('0-%&1"'-9#-'#*'*,$1&#-,'5(0'#1"#-'06,$,%#*'"#E'G%0#(%0
'"# 3,'&# *'# )%*1# "1# ='&)'7# !"# E'G%0#/,[S4#'-#'<1$)15'&)'#,=41"#:4'#4&#'&%05'
;03%"9#.#)%*%-#"%-#*'5;-9#,&$"4-%#"%-#-'5,*,%-'-9#"%-#@%530'-9#"%-#E,**@1-9#"%-
RJ01S1-9#"%-#/,*.J*@101-#.#%)01-#'&),*1*'-#6,6,'&)'-9#-%&#$%5%#0151-9#015,)1-
.#@%D1-#*'#'-'#;03%"7#2"#0'=10#"1#01>T#*'"#;03%"9#)%*1-#"1-#(10)'-#*'#O-)'#-'#&4)0'&
14)%5;),$15'&)'7# EA"%# 1:4'""1-# 0151-# .# @%D1-# :4'# '-);&# *'-(0'&*,*1-9# &%
(4'*'&# -'0# -1),-8'$@1-# 1->7# M1-# 0151-# .# "1-# @%D1-# *'-(0'&*,*1-# -'# -'$1&
=01*41"5'&)'9# 1# ('-10# *'# :4'# -'# @1=1# )%*1# $"1-'# *'# ,&)'&)%-# *'# 0'=10"1-7# +'
8%051# -,5,"109# $41&*%# "1# -%$,'*1*# @451&1# -'# @1""1# *'-(0'&*,*1# *'# "1
B'0-%&1",*1*#*'#+,%-#$%5%#0151-#.#@%D1-#*'-(0'&*,*1-9#&%#(4'*'#-'0#0'=1*19#.
1:4'"# :4'# ,&)'&)1# @1$'0"%9# -,5("'5'&)'# '-);# *'-('0*,$,1&*%# -4# '&'0=>1# .# -4-
0'$40-%-7
M1#-%$,'*1*#51)'0,1",-)1#5%*'0&1#'-);#*'-(0'&*,*1#*'#-4#0'"1$,A&#$%&#'"#E'G%0
E4(0'5%9# .# '-# -'=40%# :4'# )%*%-# -4-# ("1&'-9# '"13%01*%-# (%0# ">*'0'-# 1)'%-9
801$1-10;&#1#$1*1#(1-%7#24&#1->9#"1#='&)'#&%#-'#*1#$4'&)1#*'#'""%7
!&# '-)1# '019# '"# $1&)%# '&# $%&=0'=1$,A&# *'# "%-# -1&)%-# &%530'-# *'"# E'G%0# '-# '"
5O)%*%# (0'-$0,)%# (101# *'-('0)10-'# .# *10-'# $4'&)17# !"# E'G%0# H0I# R1,)1&.1
X1@J(013@4#(0'-'&)1#"%-#5'*,%-#*'#8%051#-4515'&)'#$,'&)>8,$19#.#"1-#('0-%&1-
,&)'",='&)'-#(4'*'&#-1$10#(0%6'$@%#*'#E4-#'&-'G1&T1-9#(101#@1$'0#:4'#@1.1#(1T
.#(0%-('0,*1*#0'1"'-7#!"#!"#$%&'()*+%,%-%$#-'#(0'-'&)1#)153,O&#$%&#'"#5,-5%
(0%(A-,)%9#.#(%-)'0,%05'&)'#'""%#-'#'<(",$10;#*'#4&1#51&'01#5;-#'-('$>8,$17

*.PNI,?
-%0<L%&*0-/0$/3%9%Q
7"*-%"0)/-%')/-*+3%9%Q
.%-'LH-%80.5-%$0*.#3%8
7%7"%??)/"04&%$0*&%"*-

-<m"%-#-13,%-C#<L%&*m4&#*>1C#-/m('0%C#$/3%9%Qm-13,%-C#7"*-%Qm*'#"1
51G1&1C#)/-%m10*,'&*%C#)/-%'%+3%9%Qm'"#84'=%#*'#-1$0,8,$,%C#.%-'LH-%$m"%-
*'3,*%-#0'-(')%-C#.5-%$mH0I#E\)1#e%-6J5IC#*.#3%$m-'&)1*%#'&C
7%7"%??)/Qm@,$,'0%&#(0'=4&)1-C#4&%$m1$'0$1#*'#'-)%#K"%#-,=4,'&)'LC
*&%"*-m$%&#"1#*'3,*1#$%&-,*'01$,A&7

FPCMG55!bJ
G",&q+d,&0/9'l/,&0,0"(0"&0$,0L,U'0K%,&0,/+($)U)()%d,%U$0(0$L0,'",+/)0"#%
&0,7%"%$,+,3$4L+,Nu#+,a%/O8Z4,-,(%"(L')$,+/q,/'/,&0:0$0/,Z+#'#)"%/d,L%/
K$+"&0/,/+:)%/d,(%",Z'(7%,$0/90#%d,7)()0$%",9$0K'"#+/,+(0$(+,&0,L%/,#0Z+/
/)K')0"#0/f

N!aJ!n!5CMI
M1# 51G1&1# '-# '"# 5'D%0# ('0>%*%# (101# ""'610# 1# $13%# -'06,$,%-# '-(,0,)41"'-7# M%-
=01&*'-# -13,%-# "'# %80'$,'0%&# 1"# %01*%0# *'"# ()*+%,%-%$# 4&# '"'61*%# 1-,'&)%# *'
@%&%09#""151*%#,9*.*.%3%9#%#'"#1-,'&)%#*'#H0I#/.J-1*'617#H0I#/.J-1*'61#'-#'"
(0'$'()%0# '-(,0,)41"# %0,=,&1"# *'# )%*%-# "%-# @%530'-9# .# 1# )%*%-# "%-# *'5;-
(0'$'()%0'-# -'# "'-# $%&-,*'01# 0'(0'-'&)1&)'-# *'# O"7# V&# 0'(0'-'&)1&)'# '-# 1"=4,'&
:4'#(4'*'#(0'-'&)10#*'#51&'01#'<1$)1#'"#(4&)%#*'#6,-)1#*'#H0I#/.J-1*'617#H0I
/.J-1*'61#"'#,&$4"$A#'"#5'&-1D'#*'"#()*+%,%-%$01#H0I"1#H4U1*'61#e%-6J5I9#.
H0I#E\)1#e%-6J5I#"%#%.A#$41&*%#O-)'#KH0I"1#H4U1*'61#e%-6J5IL#"%#'<(4-%7#2
)%*%-# "%-# 0'(0'-'&)1&)'-# ='&4,&%-# *'# H0I# /.J-1*'61# :4'# *'-$,'&*'&# '&# "1
$1*'&1#*'#-4$'-,A&#*,-$,(4"109#-'#"'-#*'3'#$%&-,*'010#+2.,*$#.7#!-)%-#+2.,*$#.
*%5,&1&# )%*%-# -4-# -'&),*%-9# .# -'# $,G'&# 1"# -'&*'0%#:4'#@1&#@'$@%#"%-#*?*"9%.
1&)'0,%0'-7# M%-# +2.,*$#.0 &%# *,$)1&# $%&8'0'&$,1-# -%30'# '"# ()*+%,%-%$0 *'
51&'01# $1(0,$@%-17# X;-# 3,'&9# 'D'$4)1&# -4-# -'06,$,%-# $%&# -45%# $4,*1*%9
-,=4,'&*%# 1# -4-# (0'*'$'-%0'-9# "%-# $41"'-# "'-# '&)0'=10%&# ,&)1$)%# '"# 5'&-1D'
'-(,0,)41"7
2:4'""%-#:4'#'-$4$@1&#'"#()*+%,%-%$0(4'*'&#@1$'0"'#(0'=4&)1-#1"#%01*%0#1#8,&
*'# %3)'&'0# '"# -,=&,8,$1*%# $"10%9# ('0%# '""%# &%# *'3'# @1$'0-'# $%&# 4&# '-(>0,)4
*'-18,1&)'7#V&%#*'3'#(0'-'&)10#"1-#(0'=4&)1-#$%&#4&#=01&#0'-(')%#(%0#'"#%01*%0
.#'"#)'517#W153,O&#'-#O-)'#'"#$15,&%#:4'#-'#0'$%5,'&*1#'&#"1#()%+%,%&'+#-*7
V&%#*'3'#1(0'&*'0#"1#51)'0,1#)01-$'&*'&)1"9#%.'&*%#-45,-15'&)'#1#"1-#84'&)'-
$%00'$)1-7# B%0# "%# )1&)%9# '-)%-# -13,%-# -'# *,0,=,'0%&# 1"# %01*%0# E\)1# e%-6J5I# $%&
=01&#0'-(')%7

*.PNI,@
HC%9%05?/Q
-,%9*0L)%N/07/"*@*34
.<-4)*.*340?*3%+)%
*L)9*-*390%790%&)#-*34
&)%"$%';*.-"*@409*390/-%

HC%9%Qm"%-#-13,%-C#5?/Qm*,D'0%&C#-,%9*m(%0#),C#L)%N/m,&*4*13"'5'&)'C
7/"*@*34m"%-#-4("'5'&)%-#*'#"%-#=<&%.#$%&#&1001$,%&'-#,"4-)01),61-C
.%'4-4)*.*34mD4&)%#$%&#"1-#@,-)%0,1-C#?%m.C#%3%+)%m",3'01*%#*'#)%*%-#"%-
6,$,%-C#*L)9*-*34m'<(",$1*%C#%74m14&:4'C#%&)#-*34m3,'&#6'0-1*%C
&)%"$%';*.-"*@4m!-$0,)401-#:4'#*1&#,&-)04$$,%&'-#,*A&'1-#(101#"1#6,*1
(0%=0'-,61C#9*34m)%*%-#'-)%-C#/-%m*,D'0%&7

FPCMG55!bJ
H%/,/+:)%/,&)W0$%"v,$0/90#+&%,Nu#+,a%/O8Z4d,#k,0/#+/,(%Z9L0#+Z0"#0
L):$0,&0,#%&%,O)()%d,-,0/#i/,:)0",O0$/+&%,0",#%&+/,L+/,./($)#'$+/,U+Z%/+/,9%$
L+,O)&+,$0L)K)%/+,h'0,9$0/0"#+"d,+/q,(%Z%,#+Z:)l",0",L%/,D'$8T+/,-,L+/
7)/#%$)+/d,9'0/,L%/,7+/,0j+Z)"+&%,+,U%"&%d,:+W%,L+,K'q+,+9$%9)+&+d,-
#+Z:)l",L%/,7+/,0j9L)(+&%f
 N!aJ!n!5CMI
V&#+2.,*$#9#%#'"#0'(0'-'&)1&)'#='&4,&%#*'#H0I#/.J-1*'619#*'3'#'-)10#",30'#*'
)%*1# $"1-'# *'# 6,$,%-7# M%-# $41)0%# 6,$,%-# (0,&$,(1"'-# *'# Y1",i.4=1# -%&p# K]L# "1
0'"1$,A&#,">$,)1#$%&#"1-#54D'0'-9#K}L#"1#51)1&T1#*'#1&,51"'-9#KƒL#'"#'530,1=10-'9
.# K^L# "%-# D4'=%-# '-('$4"1),6%-# *'# )%*1# $"1-'7# V&# +2.,*$## *'3'# '-)10# ",30'# *'
)%*%-#'-)%-#6,$,%-9#1&)'-#*'#:4'#(4'*1#1)0'6'0-'#1#-'&)10-'#'&#'"#,9*.*.%3%7#2
1"=4,'&#:4'#&%#)'&=1#4&#$10;$)'0#,&51$4"1*%#.#:4'#&%#'-)O#",30'#*'#"%-#6,$,%-
5'&$,%&1*%-9# &%# -'# "'# *'3'# ('05,),0# -'&)10-'# '&# '"# ,9*.*.%3%7# ?%# -A"%# *'3'
'-)10#",3'01*%#*'#)%*%-#'-)%-#6,$,%-9#-,&%#:4'#1*'5;-#*'3'#'-)10#3,'&#6'0-1*%#'&
)%*1-#"1-#!-$0,)401-#0'6'"1*1-9#%#'&#"%-#=<&%.7#M%-#A/"*@%.#-%&#)153,O&#(10)'
*'# "%-# =<&%.7# t# )153,O&# "%# -%&# "1-# @,-)%0,1-# $%5%# '"# E%)*1)*"%-%# %# '"
D*$*9%3%7#!"#*?*"9%#%#'"#+2.,*$#0*'3'#'-)10#54.#815,",10,T1*%#$%&#)%*1-#'-1-
!-$0,)401-7#h>0#-4#'<(%-,$,A&#.#'<(",$10"1-#'-#5;-#,5(%0)1&)'#:4'#"''0"1-7#V&%
(4'*'#1-,5,"10#'"#$%&%$,5,'&)%#*'#"1-#!-$0,)401-#0'6'"1*1-9#F&,$15'&)'#%.'&*%
.# '<(",$1&*%7# h>0# -'# *'&%5,&1# d"%,%@%9# .# '<(",$10# -'# *'&%5,&1# L#"-%3%7# M%-
*%-# (0%$'-%-# *'# ;"%,%@%0 .# L#"-%3%# -%&# *'# 6,)1"# ,5(%0)1&$,1# (101# "1# 6,*1
'-(,0,)41"# (0%=0'-,617# EA"%# (4'*'# '<(",$10# 3,'&# '"# )'519# 1:4'"# :4'9# (%0# %>0
-45,-15'&)'# 1# "1# 84'&)'# $%00'$)19# @1# $1()1*%# '"# $%&%$,5,'&)%# )01-$'&*'&)1"
$%5%#'-#*'3,*%7

*.PNI,A
9*340,<&%',4&*80;"<CY)2
1)%+%,*301*&%"*9%@%Q
%39<0?%0$/3%9%Q0.5-%
7%"*,%"%',4&20,4&/Q

9*34m)%*%#'-%C#,<&%',4&*$m6'0-1*%-#'&#"%-#=<&%.C#;"<CY)%Qm'"#51.%0#*'
)%*%-C#1)%+%,*3m'&$10&1$,A&#*'#+,%-C#1*&%"*9%@%Qm/.J-1*'61C
%39<m%)0%-C#?%m.C#$/3%9%Qm"%-#-13,%-C#.5-%m„%@9#E\)1#e%-6J5I…C
7%"*,%"%',4&%Qm1:4'"#:4'9#'&)0'#"%-#-13,%-#'04*,)%-9#'-);#6'0-1*%#'&#'"
$%&%$,5,'&)%#8>-,$%#.#5')18>-,$%C#,4&/Qm1:4'"#:4'#$%&%$'7

FPCMG55!bJ
cI7d,Nu#+,a%/O8Z4ed,(%Z%,#k,0$0/,0L,O0&+"#)/#+,0$'&)#%,&0,Z+-%$,0&+&d
0/#i/,U+Z)L)+$)2+&%,(%",0L,(%"%()Z)0"#%,&0,*-8/+&0O+d,L+,0"(+$"+()V",&0
M)%/d,-,+&0Zi/,(%"%(0/,+,%#$%/,/+:)%/,h'0,0/#i",9L0"+Z0"#0,O0$/+&%/,0"
#%&+/,L+/,(L+/0/,&0,(%"%()Z)0"#%,Uq/)(%,-,Z0#+Uq/)(%f
 N!aJ!n!5CMI
!"# !"#$%&'()*+%,%-%$# '-# 4&# $%5'&)10,%# &1)401"# 1$'0$1# *'"# ("%)$%'.5-"%9# %
"%-#(*&%"*9%@40=<&%3-%'.5-"%.7#E'#*,$'#:4'#'-#&1)401"9#*'3,*%#1#:4'#/.J-1*'61
'-# '"# 14)%0# )1&)%# *'# "%-# =<&*3-%'.5-"%.0 $%5%# *'"# !"#$%&'()*+%,%-%$9# %# "1
'-'&$,1# *'# )%*1-# "1-# !-$0,)401-# 6O*,$1-7# 2*'5;-# *'# /.J-1*'619# '<,-)'&# %)0%-
-13,%-# :4'# -%&# 14)%0'-# *'# -',-# -,-)'51-# 8,"%-A8,$%-# *,8'0'&)'-7# !""%-# -%&p
e14)1519#Y1&J*19#Y1(,"19#B1)1GD1",9#c1,5,&,#.#2[lJ61U017#!&#'"#=<&*3-%'.5-"%9
'"#)'>-5%#-'#'&$4'&)01#'<(",$1*%#(%0#$%5("')%9#5,'&)01-#:4'#'&#%)0%-#-,-)'51-
*'#'-('$4"1$,%&'-#8,"%-A8,$1-#(0;$),$15'&)'#&%#-'#@1$'#&,&=4&1#5'&$,A&#*'#"1
$14-1# F"),51# *'# )%*1-# "1-# $14-1-7# V&%# -A"%# (4'*'# -'&)10-'# '&# '"# ,9*.*.%3%
*'-(4O-#*'#'-)10#6'0-1*%#'&#)%*%-#"%-#-,-)'51-#8,"%-A8,$%-9#*'#51&'01#:4'#(4'*1
(0'-'&)10#>&)'=015'&)'#"%-#(4&)%-#)'>-)1-#*'"#()*+%,%-%$0'&#*'-18>%#1#)%*%-#"%-
*'5;-# -,-)'51-7# H0I"1# E\)1# e%-6J5I# '01# '"# 51'-)0%# ,&*,$1*%9# .9# '&
$%&-'$4'&$,19# "%-# -13,%-# *'# ?1,5,[J01S.1# "%# '"'610%&# 1"# ,9*.*.%3%7# 2# H0I"1
/.J-1*'61#-'#"'#*'-,=&1#1:4>#$%5%#"1#B'0-%&1",*1*#*'#+,%-9#*'3,*%#1#:4'#'-#"1
'&$10&1$,A&#14)%0,T1*1#.#1(%*'01*17

*.PNI,B
,<--)%0-,%80.%/$9%0-%-0.%",%8
-%--,%-%.0-%&'%3/+"%)*-
1"59/Q0.34+&)%.9%0;4C9%.9%
+/"%,20+/)9%$0%790/-%

,<--)%m)F#'-);-#3,'&#6'0-1*%C#-,%$mE4#!5,&'&$,1C#.%/$9%m1:4'"#:4'#'-
(40%#.#-'&$,""%C#-%-m'-%-C#.%",%$m)%*%-C#-%--,%-%Qm*'#@'$@%C#-%-m-4C
%3/+"%)*-m(%0#"1#=01$,1#*'C#1"59/Qm*,0;-C#.34+&)%.9%m*'"#:4'#'-#-45,-%C
;4C9%.9%m*'"#*,-$>(4"%C#+/"%,%Qm"%-#51'-)0%-#'-(,0,)41"'-C#+/)9%$m-'$0')%C
%740/-%m*%)1*%#*'7

FPCMG55!bJ
g,9%$h'0,#k,0$0/,/'Z)/%d,#'/,Z+0/#$%/,0/9)$)#'+L0/,#0,7+",(%"(0&)&%
#%&+/,L+/,K$+()+/,h'0,/0,L0,%#%$K+",+,'",&)/(q9'L%,/0"()LL%f,D%$,L%,#+"#%d,#k
9'0&0/,&0()$"%/,#%&%,L%,h'0,7+/,+9$0"&)&%,()0"#qU)(+Z0"#0,&0,0LL%/f

N!aJ!n!5CMI
!"# -'$0')%# *'"# O<,)%# '&# "1# 6,*1# '-(,0,)41"# $%&-,-)'# '&# -1),-81$'0# 1"# 51'-)0%
'-(,0,)41"9#.#*'#'-1#51&'01#%3)'&'0#-4-#-,&$'01-#3'&*,$,%&'-7#H0I"1#/,d61&J)@1
R1U01610)I#j@JU401#@1#$1&)1*%#"%#-,=4,'&)'#'&#-4-#%$@%#815%-1-#'-)0%81-#1$'0$1
*'"#51'-)0%#'-(,0,)41"p#zh80'T$%#5,-#0'-(')4%-1-#0'6'0'&$,1-#1#"%-#(,'-#*'#"%)%
*'# 5,# 51'-)0%# '-(,0,)41"7# EA"%# (%0# -1),-81$'0"%# 1# O"# (4'*'# 4&%# $%5("1$'0# 1# "1
B'0-%&1",*1*#*'#+,%-9#.#$41&*%#4&%#&%#"%#-1),-81$'9#F&,$15'&)'#@1.#*'-1-)0'-
'&#'"#-'&*'0%#*'#"1#,"45,&1$,A&#'-(,0,)41"{7#B%0#$%&-,=4,'&)'9#'-#'-'&$,1"#:4'#'"
*,-$>(4"%#-'1#54.#%3'*,'&)'#.#-45,-%#$%&#'"#51'-)0%#'-(,0,)41"#='&4,&%7#H0I"1
E\)1#e%-6J5I#""'&A#)%*%-#'-)%-#0':4,-,)%-#$%5%#*,-$>(4"%9#.9#'&#$%&-'$4'&$,19
-4-# '04*,)%-# .# 14)%00'1",T1*%-# 51'-)0%-# '-(,0,)41"'-9# )1"'-# $%5%# H0I"1
/.J-1*'61# .# %)0%-9# "'# $%&$'*,'0%&# )%*1-# -4-# =01$,1-7# M%-# -13,%-# *'
?1,5,[J01S.1# '-)131&# -'=40%-# *'# :4'# H0I"1# E\)1# e%-6J5I# '01# ='&4,&%7# B%0#"%
)1&)%9#'-)131&#1&-,%-%-#*'#%>0"%#@13"107

*.PNI,w
-%-"%0-%-"*S>%.*9/C$%3
1)%,%-*09%&0,434;?4-%$
7/8.*$0<L*3-%-%Q0;"<9%.
-%303%Q0;%8.4-/$0%")%.4

-%-"%m*'#'-%C#-%-"%m*'#'-%C#%S>%.*m81$,",)1*%C#*9/C$%3m3'&*'$,*%#$%&
4&1#"10=1#6,*1C#1)%,%-*m(%0#),C#9%-m)%*%#"%#:4'C#,434;?4-%$m16'0,=41*%C
7/8.*$m(101#"1#='&)'#'&#='&'01"C#<L*3-%-%Qm13-%"4)15'&)'C#;"<9%Qm'"#3,'&
5;<,5%C#-%-m'-%C#3%Qm1#&%-%)0%-C#;%8.4-/$m'<(",$10C#%")%.4m5'0'$'07

FPCMG55!bJ
C/q,h'0d,(%Z%,7+/,/)&%,:0"&0()&%,(%",'"+,L+$K+,O)&+d,9%$,U+O%$
0j9Lq(+"%/,&0,'"+,Z+"0$+,Ui()LZ0"#0,(%Z9$0"/):L0d,L%,h'0,7+/,+O0$)K'+&%
h'0,0/,0L,+:/%L'#%,-,Zij)Z%,:)0",9+$+,L+,K0"#0,0",K0"0$+Lf

N!aJ!n!5CMI
!&#"1#()%+%,%&'+#-*#-'#0'$%5,'&*1#"1#1*%01$,A&#*'"#*?*"9%7#M%-#*?*"9%.#.#"%-
+2.,*$#.0 -,'5(0'# '-);&# 13-%0)%-# '&# ('&-15,'&)%-# 1$'0$1# *'"# 3,'&'-)10# *'"
(F3",$%# '&# ='&'01"9# '-('$,1"5'&)'# *'# -4# 3,'&'-)10# '-(,0,)41"7# !"# 3,'&'-)10
51)'0,1"#-,=4'#14)%5;),$15'&)'#1"#3,'&'-)10#'-(,0,)41"7#B%0#'""%9#"%-#*?*"9%.#*1&
,&-)04$$,%&'-#'&#101-#*'"#3,'&'-)10#'-(,0,)41"#*'#"1#='&)'#'&#='&'01"7#B0'6,'&*%
"1-#,&$%5(')'&$,1-#*'#"1#='&)'#*'#'-)1#'01#*'#Y1",9#%#"1#'01#*'#@,'00%#.#*'#0,G19
"%-# -13,%-# "'# (,*,'0%&# 1# E\)1# e%-6J5I# :4'# @,$,'01# 4&# 0'-45'&# *'# )%*1-# "1-
!-$0,)401-#0'6'"1*1-9#*'3,*%#1#:4'#"1#='&)'#*'#'-)1#'01#'-);#$%&*'&1*1#'&#)%*%-
"%-# 1-('$)%-7# B%0# $%&-,=4,'&)'9# "%-# -13,%-# @,$,'0%&# (0'=4&)1-# 1$'0$1# *'"# 3,'&
13-%"4)%9# :4'# '-# '"# 5;<,5%# 3,'&# (101# "1# ='&)'7# M1# 0'(0%31*1# $%&*,$,A&# *'# "1
='&)'#*'#'-)1#'01#-'#*'-$0,3'#*'#"1#51&'01#-,=4,'&)'7
 *.PNI,;x
7"*9<@*N7*9/C%Q0.%1)9%
L%N*,0%.$4309/+<0>%3*Q
$%3&*Q0./$%3&%'$%-%92
$%3&%'1)*+9*0)90/7%&"/-*Q

7"*9<@%m$1-,#-,'5(0'C#%N7%m'-$1-1C#*9/C%Qm*401$,A&#*'#"1#6,*1C
.%1)9%m5,'530%#*'#4&1#-%$,'*1*#$4")1C#L%N%/m'&#'-)1#'01#*'#Y1",#K0,G1LC
%.$43m1:4>C#9/+<m'01C#>%3*Qm"1#='&)'C#$%3&*Qm('0'T%-1C
./$%3&%'$%-%9%Qm*'-'&$15,&1*1C#$%3&%'1)*+9*Qm*'-18%0)4&1*1C#)4m.
-%30'#)%*%C#/7%&"/-*Qm('0)4031*17

FPCMG55!bJ
cI7d,/+:)%ed,0",0/#+,0$+,&0,Q+L)d,L+,0$+,&0,7)0$$%d,L%/,7%Z:$0/,"%,#)0"0"
/)"%,'"+,O)&+,(%$#+y,/%",90"&0"()0$%/d,90$02%/%/d,Z+L,&)$)K)&%/d
&0/+U%$#'"+&%/,-d,/%:$0,#%&%d,/)0Z9$0,0/#i",90$#'$:+&%/f

N!aJ!n!5CMI
M%-# *'6%)%-# *'"# E'G%0# -,'5(0'# '-);&# (0'%$4(1*%-# (%0# '"# 5'D%015,'&)%
'-(,0,)41"#*'#"1#='&)'#'&#='&'01"7#R41&*%#"%-#-13,%-#*'#?1,5,[J01S.1#1&1",T10%&
"1#$%&*,$,A&#*'#"1#='&)'#*'#'-)1#'01#*'#Y1",9#(0'6,'0%&#:4'#"%-#@%530'-#6,6,0>1&
(%$%7# !&# Y1",i.4=19# "1# *401$,A&# *'# "1# 6,*1# -'# 1$%0)1# &%# )1&)%# (%0# "1
,&-48,$,'&$,1# *'# 1",5'&)%-9# -,&%# (%0# "%-# @;3,)%-# ,00'=4"10'-7# R41":4,'0# @%530'
(4'*'# $%&-'0610# -4# -1"4*# -,# %3-'061# @;3,)%-# 0'=4"10'-# .# -,# -'# 1",5'&)1# $%&
$%5,*1-# -'&$,""1-7# !"# $%5'0# '&# '<$'-%9# '"# 134-10# *'# "1# $%5("1$'&$,1# *'# "%-
-'&),*%-9# '"# *'('&*'0# '<$'-,615'&)'# *'# "1# 5,-'0,$%0*,1# *'# %)0%9# .# "1-# &%051-
10),8,$,1"'-#*'#6,*19#5'&%-$131&#"1#6,)1",*1*#5,-51#*'#"1#'&'0=>1#@451&17#B%0
$%&-,=4,'&)'9#"1#*401$,A&#*'#"1#6,*1#-'#1$%0)17
M1# ='&)'# *'# '-)1# '01# '-# 1*'5;-# 54.# ('0'T%-19# &%# -A"%# 51)'0,1"5'&)'9# -,&%
)153,O&# '&# "%# 0'8'0'&)'# 1# "1# 14)%00'1",T1$,A&7# M1# 6,*1# @451&1# ),'&'
'-('$,1"5'&)'#(%0#%3D')%#"1#14)%00'1",T1$,A&7#!-#*'$,09#'"#@%530'#*'3'#""'=10#1
-13'0#:4O#'-#O"9#:4O#'-#'"#54&*%#.#:4O#'-#"1#6'0*1*#-4(0'517#M1#6,*1#@451&1#'-
4&# 5'*,%# (%0# '"# $41"# "1# '&),*1*# 6,6,'&)'# (4'*'# )'05,&10# $%&# )%*%-# "%-
-480,5,'&)%-#:4'#%$1-,%&1#"1#10*41#"4$@1#(%0#"1#6,*1#'&#"1#'<,-)'&$,1#51)'0,1"9#.
'-#)153,O&#4&#5'*,%#(%0#'"#$41"#"1#'&),*1*#6,6,'&)'#(4'*'#0'=0'-10#1#+,%-9#1#-4
@%=10# ')'0&%7# B'0%9# *'3,*%# 1# 4&# 51"# -,-)'51# *'# '*4$1$,A&9# "%-# @%530'-# &%
),'&'&# &,&=F&# *'-'%# *'# "%=010# "1#14)%00'1",T1$,A&7#Q&$"4-%#-,#""'=1&#1#-13'0#*'
'""19#*'-18%0)4&1*15'&)'#-'#64'"6'&#6>$),51-#*'#51'-)0%-#51"#%0,'&)1*%-7
!&#'-)1#'019#"%-#@%530'-#-%&#6>$),51-#&%#-A"%#*'#*,8'0'&)'-#$0''&$,1-#(%">),$1-#.
(10),*%-#(%">),$%-9#-,&%#)153,O&#*'#54$@%-#),(%-#*,8'0'&)'-#*'#*,6'0-,%&'-#(101
$%5("1$'0# "%-# -'&),*%-9#)1"'-#$%5%#"%-#$,&'-9#"%-#*'(%0)'-9#"%-#D4'=%-#*'#1T109
"%-#$"43'-9#"1-#3,3",%)'$1-#54&*1&1-9#"1-#51"1-#$%5(1G>1-9#'"#845109#'"#3'3'09
'&=1G%-9# @40)%-9# 0,G1-9# .# *'5;-# $%-1-# (%0# '"# '-),"%7# E4-# 5'&)'-# '-);&# -,'5(0'
('0)4031*1-# .# ""'&1-# *'# 1&-,'*1*'-9# *'3,*%# 1# -4-# 54$@1-# .# *,8'0'&)'-
%$4(1$,%&'-7#!&#'-)1#'019#54$@%-#@%530'-#,&'-$04(4"%-%-#8130,$1&#-4-#(0%(,1-
$0''&$,1-#0'",=,%-1-#:4'#&%#'-);&#31-1*1-#'&#&,&=4&1#!-$0,)401#0'6'"1*19#.#$%&
54$@1#80'$4'&$,19#"1#='&)'#:4'#'-);#1*,$)1#1#"1#$%5("1$'&$,1#*'#"%-#-'&),*%-#'-
1)01>*1# (%0# '-1-# ,&-),)4$,%&'-7# 2# $14-1# *'# '-)%9# '&#'"#&%530'#*'#"1#0'",=,A&#-'
'-);&# 0'1",T1&*%# )1&)%-# 1$)%-# ('$15,&%-%-9# :4'# "1# ='&'01",*1*# *'# "1# ='&)'# &%
),'&'# &,# (1T# 5'&)1"# &,# -1"4*# 8>-,$17# M1-# $%54&,*1*'-# '-)4*,1&),"'-# K*'
1"%)$%?*"#G#-'#@1&#*'D1*%#*'#51&)'&'09#.#"%-#(1*0'-#*'#815,",1#.1#&%#%3-'061&
"1-#0'="1-#.#0'=4"1$,%&'-#*'"#+H)%.-)%'*;"%$%7#R%5%#$%&-'$4'&$,1#*'#'""%9#"%-
-4(4'-)%-# ,*3%7"%.-)%.0 .# .%339*.#.# :4'# -1"'&# *'# '-1# $"1-'# *'
+H)%.-)%'*;"%$%.9# 8;$,"5'&)'# -%&# *'-6,1*%-# *'"# -'&*'0%# 0>=,*%7# !&# '"
Y1",i.4=19#)%*1#"1#1)5A-8'01#'-);#-%30'$10=1*1#*'#81")1#*'#8'7#M%-#@%530'-#@1&
*'D1*%# *'# '-)10# ,&)'0'-1*%-# '&# "%-# 61"%0'-# '-(,0,)41"'-7# M1# $%5("1$'&$,1
51)'0,1"# *'# "%-# -'&),*%-# '-# 1@%01# "1# (14)1# *'# "1# $,6,",T1$,A&7# B101# (%*'0
51&)'&'0# '-1# $"1-'# *'# $,6,",T1$,%&'-# 51)'0,1"'-9# '"# @%530'# @1# 8%051*%
$%5("'D1-#&1$,%&'-#.#$%54&,*1*'-9#.#'&)0'#'-)%-#*,8'0'&)'-#=04(%-#'<,-)'#4&1
)'&-,A&# $%&-)1&)'# *'# =4'001-# 80>1-# .# $1",'&)'-7# B%0# "%# )1&)%9# -'# @1# 64'")%# 54.
*,8>$,"#'"'610#'"#&,6'"#'-(,0,)41"9#*'3,*%#1#"%-#*'-6,0)41*%-#61"%0'-#1$)41"'-#*'#"1
-%$,'*1*#@451&17#M%-#-13,%-#*'#?1,5,[J01S.1#'-);&#1&-,%-%-#*'#*'-'&0'*10#1
)%*1-#"1-#1"51-#$1>*1-9#.#1:4>#'-);&#)01)1&*%#*'#:4'#H0I"1#E\)1#e%-6J5I#"'-#*O
'"#0'5'*,%#(101#'""%7

*.PNI,;;
1)5"#@401)5"4'L%"$*@4
;"2-%,9*340,41)*+%;%Q
%-%Q0.*&)20_-"%09%-0.*"%8
.%$/&&)H-9%0$%3#C%9*
1"5)401)%&"*9%01)5-*3*8
9<3*-$*0./7"%.#&%-4

1)5"#@4m610,1*%-C#1)5"4m54$@%-C#L%"$*@4m*'3'0'-C#;"2-%,9*34m:4'#@1&
*'#1(0'&*'0-'C#,41)*+%;%Qm5'*,1&)'#"1-#*,6,-,%&'-#*'#4&#)'51C#%-%Qm(%0
$%&-,=4,'&)'C#.*&)2m„%@9#-13,%…C#%-"%m1:4>C#9%-m)%*%#"%#:4'C
.*"%$m'-'&$,1C#.%$/&&)H-9%m-'"'$$,%&1&*%C#$%3#C%9*m"%#5'D%0#:4'
$%&%T$1-C#1"5)4m(%0#816%09#*,&%-C#1)%&"*9%m(%0#'"#3,'&#*'C#1)5-*3*$m"%-
-'0'-#6,6,'&)'-C#9<3%m5'*,1&)'#"%#$41"C#*-$*m'"#-'0C#./7"%.#&%-4m:4'*1
("'&15'&)'#-1),-8'$@%7

FPCMG55!bJ
.j)/#0",Z'(7+/,O+$)0&+&0/,&0,./($)#'$+/d,-,0",#%&+/,0LL+/,7+-,Z'(7%/
&0:0$0/,9$0/($)#%/d,h'0,9'0&0",LL0K+$,+,+9$0"&0$/0,/VL%,&0/9'l/,&0,Z'(7%/
+1%/,&0,0/#'&)%,0",/'/,&)U0$0"#0/,&)O)/)%"0/f,D%$,(%"/)K')0"#0d,c%7d,/+:)%ed
/0L0(()%"+d,9%$,U+O%$d,L%,h'0,0/,L+,0/0"()+,&0,#%&+/,0/+/,./($)#'$+/d,-
0j9Lq(+L+,9%$,0L,:)0",&0,#%&%/,L%/,/0$0/,O)O)0"#0/d,&0,Z+"0$+,h'0d,Z0&)+"#0
&)(7+,)"/#$'(()V"d,/'/,(%$+2%"0/,9'0&+",/0$,/+#)/U0(7%/,9%$,(%Z9L0#%f

N!aJ!n!5CMI
!"#*-$*9#%#-'09#-'#*,8'0'&$,1#*'#"1#51)'0,1"#.#*'#"%-#'"'5'&)%-#51)'0,1"'-7#N"#'-
*'#$%&-),)4$,A&#'-(,0,)41"9#.9#(%0#'""%9#&4&$1#-'#-1),-81$'#$%&#&,&=4&1#$1&),*1*
*'# ("1&'-# 51)'0,1"'-7# W%*1-# "1-# !-$0,)401-# '# ,&-)04$$,%&'-# '-(,0,)41"'-# '-);&
*,0,=,*1-# 1# "1# -1),-81$$,A&# *'# '-'# -'09# %# *-$*7# !<,-)'&# 54$@1-# 610,'*1*'-# *'
$15,&%-# :4'# -'# 0'$%5,'&*1&# (101# "%-# *,8'0'&)'-# ),(%-# *'# -'0'-# 6,6,'&)'-9# '&
*,8'0'&)'-# O(%$1-# .# '&# *,8'0'&)'-# "4=10'-7# !&# $%&-'$4'&$,19# "1# $1&),*1*# *'
!-$0,)401-# 0'6'"1*1-# '-# ,&&45'013"'7# !&# '-1-# *,6'0-1-# !-$0,)401-9# -'
0'$%5,'&*1&# *,8'0'&)'-# 5O)%*%-# .# *'3'0'-# (0'-$0,)%-7# M%-# -13,%-# *'
?1,5,[J01S.19# )'&,'&*%# '&# $4'&)1# "1# $1>*1# $%&*,$,A&# '&# :4'# -'# '&$4'&)01# "1
='&'01",*1*# *'# "1# ='&)'# *'# '-)1# '01# *'# Y1",9# -4=,0,'0%&# :4'# H0I# E\)1# e%-6J5I
'<(4-,'01# "1# '-'&$,1# *'# )%*1-# *,$@1-# !-$0,)401-9# (4'-# '&# '-)1# '01# &%# "'-# '-
(%-,3"'#1#"1-#1"51-#$1>*1-#'&)'&*'0#.#-%5')'0-'#1#)%*1-#"1-#"'$$,%&'-#*'#)%*1-
'-1-#*,6'0-1-#!-$0,)401-9#'&#4&#-,-)'51#*'#,%"@%#.#*;"%$%7
M1#-%$,'*1*#*'#,%"@%#.#*;"%$%0-'#$%&-,*'01#:4'#'01#"1#5'D%0#,&-),)4$,A&#(101
'"'610#1"#-'0#@451&%#1#"1#("1)18%051#'-(,0,)41"9#('0%9#*'3,*%#1#Y1",i.4=19#&%#'-
(%-,3"'#'D'$4)10#"1-#0'="1-#.#0'=4"1$,%&'-#*'#'-1-#,&-),)4$,%&'-7#?,#)15(%$%#"'
'-#(%-,3"'#1#"1#='&'01",*1*#*'#"1#='&)'#0%5('0#0'"1$,%&'-#$%&#-4-#815,",1-9#)1"
$%5%# "%# (0'-$0,3'# "1# ,&-),)4$,A&# ,%"@*;"%$%7# W%*1# "1# 1)5A-8'01# '-);
-%30'$10=1*1# *'# %(%-,$,A&7# R%&-,*'01&*%# '-)%9# 4&%# (4'*'# 6'0# :4'# (101# '"
@%530'#$%5F&#*'#'-)1#'01#'-#54.#*,8>$,"#"1#'51&$,(1$,A&#'-(,0,)41"7#M1#01TA&
(%0#"1#$41"#"%-#-13,%-#"'#(0'-'&)10%&#'-)'#1-4&)%#1#H0I#E\)1#e%-6J5I#-'#'<(",$1
'&#"%-#6'0-%-#-,=4,'&)'-7

*.PNI,;<
.5-%0>*3*.401)%&"%80-<
1)%+%,*30.*-,%-*807%-4Q
&<,%L9*80,%./&<,%.9%
>*-209%.9%0?4L#"C%9*
.5-%m„%@9#E\)1#e%-6J5I…C#>*3*.4m)F#-13'-C#1)%&"%$0-<m)%*1-#"1-
3'&*,$,%&'-#1#),C#1)%+%,*3m"1#B'0-%&1",*1*#*'#+,%-C#.*-,%-*$m*'#"%-
*'6%)%-#(40%-C#7%-4Qm'"#(0%)'$)%0C#&<,%L9*$m'&#'"#6,'&)0'#*'#+'61UIC
,%./&<,%.9%m(%0#/1-4*'61C#>*-%Qm&1$,*%#*'C#9%.9%m$%&#'"#(0%(A-,)%#*'C
?4L#"C%9*m'D'$4)107

FPCMG55!bJ
F%&+/,L+/,:0"&)()%"0/,+,#)d,c%7,Nu#+,a%/O8Z4e,Fk,/+:0/,(%",h'l
9$%9V/)#%,+9+$0()V,L+,D0$/%"+L)&+&,&0,M)%/,0",0L,O)0"#$0,&0,M0O+Y4d,(%Z%
7)W%,&0,*+/'&0O+f

N!aJ!n!5CMI
()%+%,*30 -,=&,8,$1# '"# W%*%(%*'0%-%# +,%-9# :4'# '-# '"# $%&)0%"1*%0# *'# )%*1# "1
%(4"'&$,19# (%*'09# 81519# 3'""'T19# $%&%$,5,'&)%# # .# 0'&4&$,1$,A&7# N"# '-# '"
(0%)'$)%0#*'#E4-#*'6%)%-#(40%-7#24&:4'#+,%-#),'&'#"1#5,-51#*,-(%-,$,A&#(101
$%&#)%*%#'"#54&*%9#),'&'#'-('$,1"#,&$",&1$,A&#(%0#E4-#*'6%)%-7#`%-0-,=&,8,$1#"1
/'0*1*# 23-%"4)19# .# "1-# ('0-%&1-# :4'# -%&# -'06,*%0'-# *'# "1# /'0*1*# 23-%"4)19
0'$,3'&#'"#&%530'#*'#.*-,%-.7#t#"1#B'0-%&1",*1*#*'#+,%-9#:4,'&#(0%)'='#1#'-%-
*'6%)%-# (40%-9# '-# $%&%$,*%# $%5%# '"# (0%)'$)%0# *'# "%-# .*-,%-.7# ()%&"%80 -<9# %
z3'&*,$,%&'-# 1# ),{9# ,&*,$1# "%# 1&-,%-%-# :4'# '-)131&#"%-# -13,%-# *'# :4'# '"# %01*%0
"'-# *,'01# 1# $%&%$'0# "1# /'0*1*# 23-%"4)17# !"# E'G%0# H0I# YZ[S19# "1# E4(0'51
B'0-%&1",*1*# *'# +,%-9# -'# "'# 1(10'$,A# 1# +'61UI9# "1# '-(%-1# *'# /1-4*'617
/1-4*'61#'-#'"#->53%"%#*'#"1#(%-,$,A&#)01-$'&*'&)1"#'&#"1#:4'#-'#""'61#1#$13%#"1
1(10,$,A&#*'"#E'G%0#E4(0'5%7

*.PNI,;=
-%303%Q0;/;"5C%$*@*3*$
%")%.90%R+*3/,%"@4-/$
9%.9*,%-*"201)5-*3*8
LC<$*9%0?%01)%,*9%0?%

-%-m'-%-C#3%Qm1#&%-%)0%-C#;/;"5C%$*@*3*$m1:4'""%-#:4'#-'#'-);&
'-8%0T1&*%#(%0C#%")%.4m*'3'#@1$'0"%C#%R+%m„%@9#E\)1#e%-6J5I…C
%3/,%"@4-/$m'<(",$10#5'*,1&)'#'"#@'$@%#*'#-'=4,0#"%-#(1-%-#*'#"%-#*?*"9%.
1&)'0,%0'-C#9%.9%m$4.1C#%,%-*"%Qm'&$10&1$,A&C#1)5-*3*$m*'#"%-#-'0'-
6,6,'&)'-C#LC<$*9%m(%0#'"#3,'&C#?%m.C#1)%,*9%m'"'61$,A&C#?%m.7
 FPCMG55!bJ
cI7d,Nu#+,a%/O8Z4ed,0/#+Z%/,+"/)%/%/,9%$,/+:0$,&0,L+,D0$/%"+L)&+&,&0
M)%/,-,N'/,0"(+$"+()%"0/f,D%$,U+O%$d,0j9Lq(+"%/,0/+/,0"/01+"2+/,h'0
)Z9+$#)0$%",L%/,Z+0/#$%/,+"#0$)%$0/,o8(8$-+/pd,9'0/,'"%,/0,0L0O+,#+"#%,9%$
7+:L+$L+/,(%Z%,9%$,%q$L+/f

N!aJ!n!5CMI
2:4># -'# '<(%&'&# "1-# $%&*,$,%&'-# &'$'-10,1-# (101# %>0# '"# 5'&-1D'# )01-$'&*'&)1"
*'# "1# /'0*1*# 23-%"4)17# M1# (0,5'01# $%&*,$,A&# '-# :4'# '"# 14*,)%0,%# -'1# 54.
-,&$'0%# .# '-)O# 1&-,%-%# *'# %>07# t# '"# %01*%0# *'3'# 8%0510# (10)'# *'# "1# ">&'1# *'
-4$'-,A&# *,-$,(4"10# :4'# *'-$,'&*'# *'"# *?*"9%# 0'$%&%$,*%7# !"# 5'&-1D'
)01-$'&*'&)1"# *'"# 23-%"4)%# &%# (4'*'# -'0# '&)'&*,*%# (%0# 1:4'""%-# :4'# '-);&
13-%0)%-#'&#"%#51)'0,1"7#P1D%#"1#*,0'$$,A&#*'#4&#51'-)0%#'-(,0,)41"#='&4,&%9#4&%
-'#(40,8,$1#=01*41"5'&)'7#B%0#"%#)1&)%9#4&%#*'3'#8%0510#(10)'#*'#"1#$1*'&1#*'
-4$'-,A&#*,-$,(4"10#.#1(0'&*'0#'"#10)'#'-(,0,)41"#*'#%>0#-45,-15'&)'7#!&#'"#$1-%
*'# E\)1# e%-6J5I# .# "%-# -13,%-# *'# ?1,5,[J01S.19# )%*1-# '-1-# $%&*,$,%&'-# -'
$45("'&9#*'3,*%#1#:4'#H0I"1#E\)1#e%-6J5I#'-);#'&#"1#">&'1#*'#H0I"1#/.J-1*'619
.# "%-# -13,%-# *'# ?1,5,[J01S.1# -%&# )%*%-# 1"51-# -,&$'01-# :4'# '-);&# 1&-,%-%-# *'
1(0'&*'0# "1# 6'0*1*7# 2-># (4'-9# "1-# &1001$,%&'-# )01-$'&*'&)1"'-# 1$'0$1# *'# "1-
1$),6,*1*'-#-%30'@451&1-#*'"#E'G%0#H0I#YZ[S19#E4#'&$10&1$,A&9#E4#&1$,5,'&)%9
1(10,$,A&# %# *'-1(10,$,A&9# E4-# 8%051-9# E4-# &%530'-9# ')$79# -%&# )%*%-# *'# 8;$,"
$%5(0'&-,A&9# (4'-# -'# -1),-81$'&# )%*%-# "%-# 0':4,-,)%-7# !-1# $"1-'# *'# *,-$40-%-
1.4*1&#1#)%*%-#"%-#@%530'-#:4'#-'#'&$4'&)01&#'&#'"#-'&*'0%#*'#"1#,"45,&1$,A&
'-(,0,)41"7

*.PNI,;>
*7%33%Q0.%8.H-480+)2"*8
9%3'3*$%0,4,%;20+H@%3
-%-%Q0.%&920,4$/?9<-%
9%&0141)<-40.,%9%801)%9%$

*7%33%Qm'-)1&*%#'&0'*1*%C#.%8.H-4$m'&#"1#51""1#*'"#&1$,5,'&)%#.#"1
54'0)'C#+)2"*$m*'51-,1*%#$%5(",$1*1C#9%-m"%#:4'C#3*$%m'"#&%530'
13-%"4)%C#,4,%;%Qm,&$%&-$,'&)'5'&)'C#+H@%3m$1&)1&*%C#-%-%Qm*'#'-%C
.%&9%Qm*'#,&5'*,1)%C#,4$/?9<-%m-'#",3'01C#9%-m1:4'""%#:4'C#141)<-4m)'5'C
.,%9%$m('0-%&1"5'&)'C#1)%9%$m'"#)'5%0#5,-5%7

FPCMG55!bJ
 H%/,/0$0/,O)O)0"#0/,h'0,0/#i",+#$+9+&%/,0",L+/,(%Z9L)(+&+/,$0&0/,&0L
"+()Z)0"#%,-,L+,Z'0$#0d,9'0&0",L):0$+$/0,&0,)"Z0&)+#%,(%",(+"#+$,+'"
)"(%"/()0"#0Z0"#0,0L,/+"#%,"%Z:$0,&0,QRST+d,h'0,0/,#0Z)&%,9%$,0L,#0Z%$
90$/%")U)(+&%f

N!aJ!n!5CMI
/J-4*'619# %# '"# E'G%0# YZ[S19# "1# 23-%"4)1# B'0-%&1",*1*# *'# +,%-# '-# '"# -4(0'5%
$%&)0%"1*%0#*'#)%*%7#?%#@1.#&1*,'#:4'#&%#"'#)'51#1#"1#840,1#*'"#W%*%(%*'0%-%7
e01&*'-# %./"%.9# )1"'-# $%5%# kJ61S19# n,01S.1U1d,(49# Y1|-1# .# %)0%-# :4'# '01&
'&),*1*'-# 6,6,'&)'-# 54.# (%*'0%-1-9# 84'0%&# 51)1*%-# (%0# "1# B'0-%&1",*1*# *'
+,%-9#.#'"#)%*%(%*'0%-%#/J-4*'61#@1#1(%*'01*%#E4#&%530'#$%&#"%-#(%*'0'-#*'
E4# (0%(,%# -'07# W%*%# '-);# 0'"1$,%&1*%# $%&# N"9# .# )%*%# ),'&'# -4# ,*'&),*1*# '&# N"7
2:4># -'# 18,051# :4'# '"# &%530'# *'# YZ[S1# '-# )'5,*%# ,&$"4-%# (%0# '"# )'5%0
('0-%&,8,$1*%7# !-)%# ,&*,$1# :4'# '"# &%530'# *'# YZ[S1# &%# '-# *,8'0'&)'# *'# YZ[S17
B%0#"%#)1&)%9#'"#&%530'#*'#YZ[S1#'-#)1&#(%*'0%-%#$%5%#'"#(0%(,%#E'G%0#YZ[S17
?%# '<,-)'# &,&=4&1# *,8'0'&$,1# '&# 13-%"4)%7# M4'=%# $41":4,'01# (4'*'# -1$10
(0%6'$@%# *'# "%-# -1&)%-# &%530'-# *'"# E'G%0# H0I# YZ[S19# 14&# '&# 5'*,%# *'# "%-
51.%0'-# ('",=0%-7# !"# )01-$'&*'&)1"# &%530'# *'# YZ[S19# 14&# 1# ('-10# *'# :4'# -'
(0%8,'01#,&$%&-$,'&)'5'&)'#%#*'3,*%#1#"1-#$,0$4&-)1&$,1-9#(4'*'#1.4*10"%#1#4&%
1#"%=010#",3'010-'#*'#"1#51""1#*'"#&1$,5,'&)%#.#"1#54'0)'7

*.PNI,;?
9%-'7*&%'.%8;"%9*Q0.5-%
$/3%9%Q07"%;%$*9%3*Q
.%&9%Q07/3%3-90/7%.7HCY*Q
.,%"&)/39'*720_3/.<,%9*

9%-m$4.%-C#7*&%m(,'-#*'#"%)%C#.%8;"%9*Qm1:4'""%-#:4'#-'#@1&#0'84=,1*%#'&C
.5-%m„%@9#E\)1#e%-6J5I…C#$/3%9%Qm=01&*'-#-13,%-C
7"%;%$*9%3*Qm13-%0)%-#'&#"1#*'6%$,A&#(%0#'"#E4(0'5%C#.%&9%Qm*'
,&5'*,1)%C#7/3%3-4m-1&),8,$1&C#/7%.7HCY*Qm-,5("'5'&)'#5'*,1&)'#"1
1-%$,1$,A&C#.,%"&)/3#m*'"#-1=01*%#e1&='-C#*7%Qm1=41C
%3/.<,%9*m(%&,'&*%#'&#4-%7

FPCMG55!bJ
cI7d,Nu#+ed,0/%/,K$+"&0/,/+:)%/,h'0,/0,7+",$0U'K)+&%,9%$,(%Z9L0#%,0"
L%/,9)0/,&0,L%#%,&0L,N01%$d,9'0&0",/+"#)U)(+$,&0,)"Z0&)+#%,+,+h'0LL%/,h'0,/0
9%"0",0",(%"#+(#%,(%",0LL%/d,Z)0"#$+/,h'0,L+/,+K'+/,&0L,a+"K0/,9'0&0"
/+"#)U)(+$,k")(+Z0"#0,&0/9'l/,&0,'",'/%,9$%L%"K+&%f
 N!aJ!n!5CMI
M%-#*'6%)%-#(40%-#*'"#E'G%0#-%&#5;-#(%*'0%-%-#:4'#"1-#1=41-#*'"#-1=01*%#0>%
e1&='-7# V&%# (4'*'# %3)'&'0# 3'&'8,$,%# '-(,0,)41"# *'"# (0%"%&=1*%# 4-%# *'# "1-
1=41-# *'"# e1&='-7# B'0%# 4&%# (4'*'# -'0# -1&),8,$1*%# *'# ,&5'*,1)%# (%0# "1
5,-'0,$%0*,1# *'# 4&# *'6%)%# (40%# *'"# E'G%07# !&# "1# ()%+%,%&'+#-*# -'# *,$'# :4'
$41":4,'0# ('0-%&19# -,&# )'&'0# '&# $4'&)1# :4'# @1.1# &1$,*%# $%5%#;5&"%# 9# 54D'0# %
$%5'0$,1&)'9# (4'*'# 0'84=,10-'# '&# "%-# (,'-# *'# "%)%# *'"# E'G%09# .# (%0# @1$'0# '-%
(4'*'# 0'=0'-10# 1# +,%-7# k'84=,10-'# '&# "%-# (,'-# *'# "%)%# *'"# E'G%0# -,=&,8,$1
0'84=,10-'#'&#"%-#*'6%)%-#(40%-7#M%-#*'6%)%-#(40%-#$4.%#F&,$%#,&)'0O-#'-#'"#*'
-'06,09#-%&#@%&01*%-#$%&#"%-#&%530'-#*'#B013@4(J*1#.#/,[S4(J*19#:4'#,&*,$1&
:4'# *,$@%-# *'6%)%-# -%&# 0'(0'-'&)1&)'-# *'# "%-# (,'-# *'# "%)%# *'"# E'G%07# B%0
$%&-,=4,'&)'9# )%*%# 1:4'"# :4'# -'# 0'84=,1# '&# "%-#(,'-#*'#"%)%#*'#4&#*'6%)%#(40%
5'*,1&)'# '"# @'$@%# *'# 1$'()10"%# $%5%# -4# 51'-)0%# '-(,0,)41"9# (4'*'# (40,8,$10-'
*'#,&5'*,1)%7#!-1#$"1-'#*'#*'6%)%-#*'"#E'G%0#-%&#@%&01*%-#*'#"1#5,-51#51&'01
'&#:4'#-'#@%&01#1"#E'G%09#(4'-#",3'01&#*'"#54&*%#51)'0,1"#1#"1-#1"51-#$1>*1-9
:4'# '"# E'G%0# :4,'0'# :4'# 0'=0'-'&# 1"# @%=109# *'# 64'")1# 1# +,%-7# E'=F&# "1-
!-$0,)401-# 0'6'"1*1-9# *,$@%-# *'6%)%-# (40%-# -%&# 5'D%0# $%&%$,*%-# $%5%
6,$'*,%-'-7# !"# *,-$>(4"%# -,&$'0%# *'"# *'6%)%# (40%# $%&-,*'01# :4'# '"# 51'-)0%
'-(,0,)41"# '-# ,=41"# 1"# E'G%09# 51-# -,'5(0'# -'# $%&-,*'01# 1# -># 5,-5%# 4&#@45,"*'
-,06,'&)'#*'"#E'G%07#N-'#'-#'"#-'&*'0%#*'6%$,%&1"#(40%7

*.PNI,;@
L20,*01)%+%,%-%.0-%.9%
7/@9%';N2L<M9%'L%"$%@%Q
;/&&)4'L*$203%0;H@/9*&
9%;%Q0L%N4'$%N*7%)%$

L%Qm:4,'&C#,*m5;-#3,'&C#1)%+%,%-%Qm*'"#E'G%0C#-%.9%mE4C
7/@9%m6,0)4%-%C#;N2L%'#M9%m1#:4,'&#-'#(4'*'#1*%010#5'*,1&)'#%01$,%&'-C
L%"$%@%Qm1$)%-C#;/&&)4'L*$%Qm*'-'1&*%#",3'010-'#*'#)%*%-#"%-#('$1*%-C
3%m&%C#;H@/9*-m%.'C#9%;%Qm="%0,1-C#L%N4m*'#"1#'01#*'#"1#0,G1C
$%N%'%7%)%$m'"#1='&)'#*'#-1&),8,$1$,A&7

FPCMG55!bJ
rC(+/%,7+-,+LK')0",h'0d,&0/0+"&%,L):0$+$/0,&0,L%/,O)()%/,&0,0/#+,0$+,&0
$)1+d,"%,0/#l,&)/9'0/#%,+,%q$,7+:L+$,&0,L+/,O)$#'%/+/,KL%$)+/,&0L,N01%$s

N!aJ!n!5CMI
M1# '01# *'# Y1",# '-# "1# 5;-# $%&*'&1*1# *'# )%*1-# "1-# '01-9# (%0# -4-# $101$)'0>-),$1-
$%&8",$),61-7# Y1",i.4=1# '-);# )1&# -1)401*1# *'# @;3,)%-# 6,$,%-%-9# :4'# @1-)1# (%0# '"
5;-#",='0%#51"'&)'&*,*%#%$400'#4&1#=01&#('"'17#2:4'""%-#:4'#'-);&#*'*,$1*%-
1"# -'06,$,%# *'6%$,%&1"# (40%# *'"# E'G%09# :4'# &%# ),'&'&# &,&=F&# *'-'%# *'
'&=01&*'$,5,'&)%# ('0-%&1"# .# :4'# '-);&# ",30'-# *'# "%-# '8'$)%-# *'# "1-# 1$$,%&'-
804,),61-#.#*'#"1-#;0,*1-#'-('$4"1$,%&'-#8,"%-A8,$1-9#-%&#$1(1$'-#*'#'-$1(10-'#*'
"1-# *'-16'&'&$,1-# *'# '-)1# $%5(",$1*1# '017# M%-# ">*'0'-# *'# "1# ='&)'# '-);&
-4515'&)'#1&-,%-%-#*'#6,6,0#'&#4&1#1)5A-8'01#*'#(1T#.#15,-)1*9#('0%#&%#),'&'&
,&8%051$,A&# *'"# -'&$,""%# 5O)%*%# *'# %>0#@13"10#*'#"1-#="%0,1-#*'"#E'G%07#B%0#'"
$%&)010,%9#*,$@%-#">*'0'-#-'#%(%&'&#1#"1#(0%(1=1$,A&#*'#"1-#="%0,1-#*'"#E'G%07#!&
%)01-# (1"1301-9# "%-# &'$,%-# ">*'0'-# :4,'0'&# &'=10#(%0#$%5("')%#"1#'<,-)'&$,1#*'"
E'G%07# !&# &%530'# *'"# !-)1*%# -'="109# '-%-# ">*'0'-# @1$'&# *,6'0-%-# ("1&'-# $1*1
1G%7#X1-9#*'3,*%#1#"1-#,&-4('013"'-#$%5("'D,*1*'-#*'#"1#&1)401"'T1#51)'0,1"#*'"
E'G%09# )%*%-# '-%-# ("1&'-# (101# '"# (0%=0'-%# '-);&# -,'&*%# 804-)01*%-
$%&-)1&)'5'&)'7#!""%-#&%#),'&'&#%D%-#(101#6'0#:4'#-4-#,&)'&)%-#*'#'-)13"'$'0#"1
(1T# .# "1# 15,-)1*# '-);&# 801$1-1&*%7# B'0%# @'# 1:4># "1# $"16'# (101# -1"610# '"
%3-);$4"%7# E,# :4'0'5%-# 6'0*1*'01# (1T9# *'3'5%-# 130,0# '"# $15,&%# @1$,1# "1
$%5(0'&-,A&# *'"# E4(0'5%# E'G%0# YZ[S19# .# ="%0,8,$10"%# 1# N"# (%0# E4-# 6,0)4%-1-
1$),6,*1*'-9#)1"#$%5%#O-)1-#-'#*'-$0,3'&#'&#"1-#(;=,&1-#*'"#!"#$%&'()*+%,%-%$7

*.PNI,;A
-%.9%0L%"$*@90/&*"*@4
7%"4+#-*340.5"41)4Q
1"5)403%Q0;"%&&%&)*3*3*8
N#N%9*0&%&)%-%Q0L%N*Q

-%.9%mE4C#L%"$*@4m1$)%-#)01-$'&*'&)1"'-C#/&*"*@4m51=&;&,5%-C
7%"4+#-*34m*,84&*,*%-C#.5"41)4Qm(%0#"1-#=01&*'-#1"51-C#1"5)4m(%0#816%0C
3%Qm1#&%-%)0%-C#;"%&&%&)*3*3*$m(0'(101*%-#(101#0'$,3,0#$%&#0'-(')%C
N#N%9*m(1-1),'5(%-C#&%&)%-%Qm1*6'&,*1-C#L%N*Qm'&$10&1$,%&'-7

FPCMG55!bJ
N'/,+(#%/,#$+/(0"&0"#+L0/,/%",Z+K"qU)(%/,-,9L+(0"#0$%/d,-,L%/,(+"#+"
K$+"&0/,-,0$'&)#%/,/+:)%/d,#+L0/,(%Z%,J8$+&+f,M0,Z+"0$+,h'0d,9%$,U+O%$d
7i:L+"%/d,9'0/,0/#+Z%/,+"/)%/%/,&0,%q$,7+:L+$,&0,L+/,+O0"#'$+/,h'0,`L,LL0O+
+,(+:%,0",N'/,&)O0$/+/,0"(+$"+()%"0/f

N!aJ!n!5CMI
M1#B'0-%&1",*1*#*'#+,%-#&4&$1#'-);#,&1$),6%9#$%5%#-4=,'0'&#1"=4&1-#('0-%&1-
(%$%# ,&)'",='&)'-7# E4-# %301-# -%&# 51=&>8,$1-# .# 51=&;&,51-7# W%*1-# E4-
$0'1$,%&'-9# )1&)%# 51)'0,1"'-# $%5%# '-(,0,)41"'-9# -%&# 51016,""%-1-9# .# $%&),'&'&
("'&1# 610,'*1*7# 2"51-# ",3'01*1-9# )1"'-# $%5%# H0I"1# ?J01*19# /.J-19# /J"5IU,9
+'61"19# 2-,)19# X1*@619# H0I# R1,)1&.19# kJ5J&4D19# /,[S4-6J5,9# ?,53J0U19
H0I*@1019# /,d61&J)@19# P1"1*'619# P@1U),6,&%*19# E,**@J&)1# E101-61),9# .# 54$@1-
%)01-#1"51-#'04*,)1-#.#14)%00'1",T1*1-9#"1-#*'-$0,3'&#54.#3,'&7#!-1-#$0'1$,%&'-9
)1&)%# "1-# 51)'0,1"'-# $%5%#"1-#'-(,0,)41"'-9#'-);&#""'&1-#*'#%(4"'&$,19#3'""'T1#.
$%&%$,5,'&)%9#('0%#'"#;53,)%#'-(,0,)41"#'-#5;-#51=&>8,$%9#(%0#'-)10#$%"51*%#*'
$%&%$,5,'&)%9# 3,'&16'&)401&T1# .# ')'0&,*1*7# M1-# $0'1$,%&'-# 51)'0,1"'-# -'
51&,8,'-)1&#(%0#1"=F&#),'5(%#$%5%#-%5301-#('06'0),*1-#*'"#0',&%#'-(,0,)41"9#.
(4'*'#*'$,0-'#:4'#-'#1-'5'D1&#1#"%-#$,&'-p#1)01'&#1#"1#='&)'#*'#4&#$1",30'#(%$%
,&)'",='&)'9# :4'# '-# 1)01>*1# (%0# $%-1-# 81"-1-7# E'5'D1&)'-# &'$,%-# &%# ),'&'&
,&8%051$,A&# 1"=4&1# 1$'0$1# *'# "1# 0'1",*1*9# .# *1&# (%0# -'&)1*%# :4'# "1# 81"-1
51&,8'-)1$,A&# 51)'0,1"# '-# "%# 5;<,5%# :4'# '<,-)'7# B'0%# @%530'-# 5;-
,&)'",='&)'-9# =4,1*%-# (%0# -13,%-# $%5%# /.J-1# .# ?J01*19# -13'&# :4'# '"# ')'0&%
0',&%# *'# +,%-# '-# 5;-# *'",$,%-%# .# =01&*'9# .# :4'# '-);# $%"51*%# ')'0&15'&)'# *'
3,'&16'&)401&T1# .# $%&%$,5,'&)%7# 2:4'""%-# :4'# &%# '-);&# 6'0-1*%-# '&# "1-
1$),6,*1*'-#*'"#E'G%0#.#E4#0',&%#)01-$'&*'&)1"9#1#6'$'-#-%&#816%0'$,*%-#(%0#'"
E'G%0# '&# E4-# 16'&)401-# $%5%# '&$10&1$,%&'-9# '&# "1-# :4'# *'-(",'=1# "1# *,$@1
')'0&1# :4'# (0%(%0$,%&1# E4# $%5(1G>1# '&# '"# 0',&%# )01-$'&*'&)1"7# X'*,1&)'# '-1-
1$),6,*1*'-9#N"#1)01'#1#"1-#1"51-#$%&*,$,%&1*1-#*'"#54&*%#51)'0,1"7#2"=4&1-#*'
'-1-# 1"51-# $%&*,$,%&1*1-# '-);&# *'*,$1*1-# 1"# 81"-%# *,-804)'# *'# "%-# -'&),*%-
51)'0,1"'-9#.#%)01-#-,5("'5'&)'#'-);&#&'=1&*%#"1#6'0*1*'01#6,*1#:4'#),'&'&#'&
'"# 54&*%# '-(,0,)41"7# !-1-# ('0-%&1-# (%$%# ,&)'",='&)'-# -%&# $%&%$,*1-# $%5%
L%"$#.9# %# )0131D1*%0'-# 804,),6%-9# .# >S*3#.9# %# ;0,*%-# '-('$4"1*%0'-# 5'&)1"'-7
B'0%9# (%0# '&$,51# *'# '-)1-# *%-# $"1-'-# *'# @%530'-9# -'# @1""1# '"#)01-$'&*'&)1",-)1
$%&%$,*%# $%5%# .*-,%-9# %# '"# *'6%)%9# :4'# &,# -'# %$4(1# *'# "1# *'-'&80'&1*1
1$),6,*1*# # 51)'0,1"9# &,# *'# "1# '-('$4"1$,A&# 51)'0,1"7# N"# -'# *'*,$1# 1"# -'06,$,%
(%-,),6%# *'"# E'G%09# .# '&# 6,0)4*# *'# '""%# %3),'&'# '"# 5;-# '"'61*%# 3'&'8,$,%
'-(,0,)41"9#:4'#"'-#'-#*'-$%&%$,*%#1#"%-#L%"$#.#.#>S*3#.7
!"# E'G%09# $%5%# $%&)0%"1*%0# -4(0'5%# )1&)%# *'"# 54&*%# 51)'0,1"# $%5%# *'"
54&*%# '-(,0,)41"9# ),'&'# *,8'0'&)'-# '&$10&1$,%&'-# *'# ,",5,)1*1-# $1)'=%0>1-7
!&$10&1$,%&'-# )1"'-# $%5%9# P01@5J9# k4*019# X1&49# BZ)@4# .# /.J-1# -%&# E4-
'&$10&1$,%&'-# $41",)1),61-# 51)'0,1"'-9# ('0%# E4-# '&$10&1$,%&'-# $%5%# kJ519
?101-,|@19#/10J@1#.#/J51&1#-%&#E4-#'&$10&1$,%&'-#)01-$'&*'&)1"'-7#!"#E'G%0
H0I#YZ[S1#'-#'"#51&1&),1"#*'#)%*1-#"1-#'&$10&1$,%&'-9#.9#(%0#$%&-,=4,'&)'9#N"#'-
"1#$14-1#*'#)%*1-#"1-#$14-1-7

*.PNI,;B
%-)*L)9*)40)%"<"0&)#$%33
%,%-*"%'L%-)*Q0;/1)*Q
N#N*0,4&%&)%-%Q0.,%4"%$
 #;,%"%.9*-$%'$*9%9*

%-)%m(%0#"%#)1&)%C#*L)9*)4m*'-$0,3'C#)%"<Qm*'"#E'G%0C#&)#$%3m„%@9#)F9#'"
-1=1T…C#%,%-*"%m'&$10&1$,%&'-C#L%-)*Qm&1001$,%&'-C#;/1)*Qm14-(,$,%-1-C
N#N*m16'&)401-C#,4&%&)%-%Qm0'1",T1*1-C#.,%4"%$m(1-1),'5(%-C
#;,%"%.9%m*'"#$%&)0%"1*%0#-4(0'5%C#*-$%m('0-%&1"C#$*9%9*m'&'0=>1-7

FPCMG55!bJ
cI7d,/+:)%,Nu#+ed,9%$,U+O%$d,"i$$+"%/,L%/,9+/+#)0Z9%/,#$+/(0"&0"#+L0/
&0,L+/,ZkL#)9L0/,0"(+$"+()%"0/,&0,L+,M)O)")&+&,N'9$0Z+f,./%/,+'/9)()%/%/
9+/+#)0Z9%/,-,+O0"#'$+/,&0L,N01%$d,0L,(%"#$%L+&%$,/'9$0Z%d,L%/,$0+L)2+"
N'/,9%&0$0/,)"#0$"%/f

N!aJ!n!5CMI
B101# "1# $0'1$,A&9# $%&-'061$,A&# .# *'-)04$$,A&# *'# "%-# 54&*%-# 51)'0,1"'-9# '"
(0%(,%# E'G%0# E4(0'5%# .# B'0-%&1",*1*# *'# +,%-# 1(10'$'# '&# 54$@%-# 5,"'-# *'
8%051-# *'# '&$10&1$,%&'-9# .# "1-# 16'&)401-# '-('$>8,$1-# :4'# -'# %3-'061&# '&# '-1-
8%051-# )01-$'&*'&)1"'-9# -%&# )%*1-# 14-(,$,%-1-7# W1&)%# "%-# :4'# -'# '&$4'&)01&
(0'-'&)'-# *401&)'# *,$@1-# 1$),6,*1*'-9# 1-># $%5%# )153,O&# 1:4'""%-# :4'# %.'&# "1-
)01-$'&*'&)1"'-#&1001$,%&'-#*'#'-1-#1$),6,*1*'-9#-'#3'&'8,$,1&7

*.PNI,;w
,%9%80-/03%0,4-H79*$%
/--%$%';N2L%',4L"%$<
9%?'?)H@,%-*80"%.%'>S*3*8
.,*&/0.,*&/07%&<07%&<

,%9%$m&%-%)0%-C#-/m('0%C#3%m&%C#,4-H79*$%Qm'-)10;#*'-$1&-1&*%C
/--%$%';N2L%m"1#B'0-%&1",*1*#*'#+,%-9#1#:4,'&#-'#"'#="%0,8,$1#5'*,1&)'
%01$,%&'-#)01-$'&*'&)1"'-C#,4L"%$<m16'&)401-C#9%-m"1-#$41"'-C#;H@,%-*$m(%0
%>0#$%&),&415'&)'C#"%.%m@45%0C#>S*3*$m1:4'""%-#:4'#'-);&#6'0-1*%-#'&C
.,*&/m-13%0'1&*%C#.,*&/m-130%-%C#7%&<07%&<m1#$1*1#(1-%7

FPCMG55!bJ
J%/%#$%/,"'"(+,"%/,(+"/+Z%/,&0,%q$,7+:L+$,&0,L%/,9+/+#)0Z9%/
#$+/(0"&0"#+L0/,&0,L+,D0$/%"+L)&+&,&0,M)%/d,+,h')0",/0,L0,KL%$)U)(+,Z0&)+"#0
7)Z"%/,-,%$+()%"0/f,Ch'0LL%/,h'0,7+",&0/+$$%LL+&%,'",K'/#%,9%$,L+/
$0L+()%"0/,#$+/(0"&0"#+L0/,h'0,/0,#)0"0",(%",`Ld,&)/U$'#+",&0,%q$,7+:L+$,&0
N'/,9+/+#)0Z9%/,0",#%&%,Z%Z0"#%f

N!aJ!n!5CMI
!<,-)'#4&1#=01&#*,8'0'&$,1#'&)0'#"%-#$4'&)%-#54&*1&%-9#"1#8,$$,A&#54&*1&1#%#"1
@,-)%0,1#54&*1&19#.#"%-#(1-1),'5(%-#)01-$'&*'&)1"'-#*'"#E'G%07#M1-#@,-)%0,1-#*'
)%*%# '"# 4&,6'0-%# $%&),'&'&# 0'8'0'&$,1-# 1$'0$1# *'# "%-# (1-1),'5(%-# *'# "1-
'&$10&1$,%&'-# *'"# E'G%07# !"# D*$*9%3%9# '"# E%)*1)*"%-%# .# "%-# A/"*@%.# -%&
@,-)%0,1-#*'#O(%$1-#(1-1*1-9#:4'#-'#@1&#'-$0,)%#'&#0'"1$,A&#$%&#"%-#(1-1),'5(%-
*'# "1-# '&$10&1$,%&'-# *'"# E'G%09# .9# '&# $%&-'$4'&$,19# ('051&'$'&# 80'-$1-# 14&
*'-(4O-# *'# 0'('),*1-# "'$)401-7# B%0# 'D'5("%9# $41":4,'01# (4'*'# "''0# "1
()%+%,%&'+#-*# %# '"# !"#$%&'()*+%,%-%$# 0'('),*15'&)'# 1# "%# "10=%# *'# )%*1# -4
6,*19# .9# 14&# 1->9# '&$%&)010;# '&# '""%-# &4'61# ,&8%051$,A&# ,"45,&1*%017# M1-
&%),$,1-# 54&*1&1-# -%&# '-);),$1-9# 5,'&)01-# :4'# "1-#&%),$,1-#)01-$'&*'&)1"'-#-%&
*,&;5,$1-9#.1#:4'#'"#'-(>0,)4#'-#*,&;5,$%#.#"1#51)'0,1#'-#'-);),$17#2:4'""%-#:4'
@1&#*'-100%""1*%#4&#=4-)%#(%0#""'=10#1#$%5(0'&*'0#"%-#1-4&)%-#)01-$'&*'&)1"'-9
&4&$1# -'# $1&-1&# *'# %>0# '-1-# &1001$,%&'-7# V&%# -'# -1$,1# 0;(,*15'&)'# $%&# "1-
1$),6,*1*'-#54&*1&1-9#('0%#&1*,'#-'#-1$,1#$%&#"1-#1$),6,*1*'-#)01-$'&*'&)1"'-#%
*'6%$,%&1"'-7#B--%$%';N2L%#-'#0'8,'0'#1#1:4'""1#",)'01)401#:4'#&%#61#*,0,=,*1#1#"1
&'-$,'&$,17#M1#",)'01)401#54&*1&1#-'#@1""1#31D%#'"#$%&)0%"#*'#"1#5%*1",*1*#*'#"1
%-$40,*1*# %# ,=&%01&$,19# 5,'&)01-# :4'# "1# ",)'01)401# )01-$'&*'&)1"# '-# 54.
*,8'0'&)'7#M1#",)'01)401#)01-$'&*'&)1"#-'#'&$4'&)01#(%0#'&$,51#*'#"1#5%*1",*1*
*'# "1# %-$40,*1*9# .# -4# "4T# -'# 64'"6'# 5;-# "45,&%-1# $%&# "'$)401# .# 6,6'&$,1
(0%=0'-,61-# 1$'0$1# *'# "%-# 1-4&)%-# )01-$'&*'&)1"'-7# M1-# -4(4'-)1-# ('0-%&1-
",3'01*1-# &4&$1# "%=01&# "1# -1),-81$$,A&# 5'*,1&)'# "1# 0'('),$,A&# *'# "1-# (1"1301-
%)%801"%)$*.$47#!-1#$%5(0'&-,A&#10),8,$,1"#*'"#P01@51&#-'#64'"6'#)0,""1*19#.
(%0#'""%9#(101#*,-804)10#*'#6'0*1*'0%#("1$'09#-'#*,0,='&#@1$,1#"1-#&1001$,%&'-#*'"
!"#$%&'()*+%,%-%$7#2:4'""%-#:4'#&%#-%&#)1&#18%0)4&1*%-9#(1-1&#1"#1")04,-5%#.
"1# 8,"1&)0%(>1# 54&*1&17# !-)%# -,=&,8,$1# :4'# "1# 8,"%-%8>1# 5J.J6J*1# '-# 54&*1&19
5,'&)01-# :4'# "1# 8,"%-%8>1# *'# "1# ()%+%,%&'+#-*# .# '"# !"#$%&'()*+%,%-%$# '-
)01-$'&*'&)1"7

*.PNI,<x
LH-%,*30L4N%0L%"$*@4
.%)%0"*$<@%0L<;%,%Q
%-4$%"-9*3401)%+%,*3
+5M)%Q0L%7%Y%'$*3/C%Q

LH-%,*3m@'$@%#(%0C#L4N%m"%-#$41"'-C#L%"$*@4m1$)%-C#.%)%mD4&)15'&)'#$%&C
"*$<@%mP1"10J51C#L<;%,%QmH0I#YZ[S1C#%-4$%"-9*34m-%30'@451&%-C
1)%+%,*3m"1#B'0-%&1",*1*#*'#+,%-C#+5M)%Qm*,-801T1*%-#*'C
L%7%Y%m1(10'&)'5'&)'C#$*3/C%Qm-'0#@451&%7

FPCMG55!bJ
.L,N01%$,3$4,QRST+d,L+,D0$/%"+L)&+&,&0,M)%/d,W'"#+Z0"#0,(%",[+L+$8Z+d
+(#'V,(%Z%,'",/0$,7'Z+"%d,-d,&)/U$+2+&%,+/qd,$0+L)2V,Z'(7%/,+(#%/
/%:$07'Z+"%/f

N!aJ!n!5CMI
M1-#*%$)0,&1-#*'#1&)0%(%5%08,-5%#.#T%%5%08,-5%#&4&$1#-'#"'#(4'*'&#1(",$10#1
H0I# YZ[S19# %# "1# B'0-%&1",*1*# *'# +,%-7# M1# )'%0>1# *'# :4'# 4&# @%530'# -'# 64'"6'
+,%-# 1# 84'0T1# *'# ('&,)'&$,1# .# 14-)'0,*1*'-# '-);# 54.# *,84&*,*1# @%.# '&# *>19
'-('$,1"5'&)'# '&# "1# Q&*,17# +'-*'# :4'# "%-# -13,%-# .# -1&)%-# *')'$)10%&# :4'# '"
E'G%0# k1519# '"# E'G%0# YZ[S1# .# '"# E'G%0# H0I# R1,)1&.1# X1@J(013@4# '01&# "1
B'0-%&1",*1*# *'# +,%-# m)1"# $%5%# -'# ,&*,$1# '&# "1-# !-$0,)401-# 0'6'"1*1-m9
54$@%-# @%530'-# ,&'-$04(4"%-%-# @1&# $0'1*%# -4-# (0%(,1-# '&$10&1$,%&'-7# !-)'
(0%$'-%# *'# 8130,$10# 4&1# '&$10&1$,A&# *'# +,%-# -'# @1# 64'")%# 4&1# $%-1# $%00,'&)'9
'-('$,1"5'&)'# '&# P'&=1"17# R41":4,'0# ('0-%&1D'# (%(4"109# $%&# 4&1-# $41&)1-
)01T1-# *'# (%*'0'-#5>-),$%-9#'<@,3'#1"=4&1#@1T1G1#*'#51"1310,-5%#.#-'#64'"6'
8;$,"5'&)'# 4&1# '&$10&1$,A&# *'# +,%-#(%0#6%)1$,A&#(%(4"107#!"#E'G%0#H0I#YZ[S1
&%#'01#'-'#),(%#*'#'&$10&1$,A&9#N"#'01#*'#@'$@%#"1#B'0-%&1",*1*#*'#+,%-9#*'-*'
'"#5,-5%#$%5,'&T%#*'#E4#1(10,$,A&7#N"#1(10'$,A#1&)'#E4#-4(4'-)1#51*0'#$%5%
/,[S4#$%&#$41)0%#301T%-7#M4'=%9#1#('*,*%#*'#"1#51*0'9#1*%()A#"1#8%051#*'#4&
&,G%# @451&%9# .# *'# ,&5'*,1)%# "1# *'DA# (%0# %)0%# *'6%)%9# '-)'# F"),5%# *'# e%U4"19
*%&*'#84'#1$'()1*%#$%5%#@,D%#*'#?1&*1#X1@J0JD1#.#t1d%*J#XJ)J7#+'#51&'01
-,5,"109#1#H0I#P1"1*'619#"1#(10'D1#*'"#E'G%0#H0I#YZ[S19#)153,O&#-'#"'#)46%#(%0#4&
&,G%#@451&%9#&1$,*%#*'#%)01#'-(%-1#*'#H0I#/1-4*'617#!&#"1#()%+%,%&'+#-*9#'"
E'G%0#*,$'#:4'#E4#&1$,5,'&)%#.#1$)%-#-%&#)01-$'&*'&)1"'-9#.#:4'#)%*%#1:4'"#:4'
'-# )1&# 18%0)4&1*%# $%5%# (101# $%&%$'0# "1# &1)401"'T1# )01-$'&*'&)1"# *'# E4
&1$,5,'&)%#.#1$)%-9#*'#,&5'*,1)%#-'#",3'010;#.#-'#6%"6'0;#5'0'$'*%0#*'#0'=0'-10
1"#0',&%#*'#+,%-7#2->#:4'#'"#$%&%$,5,'&)%#1$'0$1#*'#"1#&1)401"'T1#)01-$'&*'&)1"
*'"#&1$,5,'&)%#.#1$$,%&'-#*'"#E'G%0#H0I#YZ[S1#'-#-48,$,'&)'#(101#"1#",3'01$,A&7
!&#'"#()*+%,%-%$9#"1#&1)401"'T1#)01-$'&*'&)1"#*'"#E'G%0#-'#*'-$0,3'#'&#&4'6'
$1&)%-9# .# '&# '"# +O$,5%# R1&)%# -'# '-)4*,1&# E4-# (1-1),'5(%-# '-('$>8,$%-7# W%*%
'-)%# -'# ""'=1# 1# $%&%$'0# 1# 5'*,*1# :4'# (0%=0'-1# &4'-)01# "'$)401# *'# '-)1# %301
",)'010,17# !-# ,5(%0)1&)'# *'-)1$10# 1:4>9# -,&# '5310=%9# :4'# '"# E'G%0# '<@,3,A# E4
*,6,&,*1*# ,&$"4-%# $41&*%# -'# '&$%&)0131# '&# '"# 0'=1T%# *'# E4# 51*0'9# :4'# E4-
1$)%-# -%&# )%*%-# -%30'@451&%-# K1# "%-# -,')'# 1G%-# *'# '*1*# "'61&)A# "1# $%",&1
e%610*@1&1L9#.#:4'#)%*%-#'-%-#1$)%-#*'54'-)01&#*'#51&'01#*'8,&,),61#:4'#N"#'-
6'0*1*'015'&)'# "1# E4(0'51# B'0-%&1",*1*# *'# +,%-7# ?%# %3-)1&)'9# *'3,*%# 1# E4
$%3'0)401# 5>-),$19# E4# -4(4'-)%# (1*0'9# -4(4'-)1# 51*0'# .# %)0%-# 815,",10'-9
-,'5(0'# "%# $%&-,*'0131&# 4&# &,G%# @451&%# %0*,&10,%7# R41&*%# :4,'01# :4'# N"
0'1",T131#1"=4&1#"13%0#@'0$F"'19#'"#(1*0'#.#"1#51*0'#"%#)%5131&#*'#%)01#51&'017
t# '""%-# ('051&'$>1&# -1),-8'$@%-# $%&# '"# 15%0# 8,",1"# ,&:4'301&)13"'# :4'# )'&>1&
(%0#-4#@,D%7#!&#6,0)4*#*'#'-)%9#1"#*'-$0,3,0"%9#"%-#-13,%-#*'#?1,5,[J01S.1#*,$'&
:4'# -'# 1-'5'D1# 1# 4&# -'0# @451&%9# ('0%9# '&# 0'1",*1*9# N"# '-# "1# -4(0'51# .
)%*%(%*'0%-1#B'0-%&1",*1*#*'#+,%-7

*.PNI,<;
L%N4$0*+%-%$0*>S*9%
LC<-"<0_.$430,%4C@%,<0,%9%$
*.#3*0&#"+)%'.%-"<@%
L%-)*9*80.%LC%@*0)%"<Q

L%N4$m"1#'01#*'#Y1",#K'01#*'#@,'00%#.#0,G1LC#*+%-%$m@13,'&*%#""'=1*%C
*>S*9%m-13,'&*%#'-)%C#LC<-"<m'&#'-)1#'<)'&-,A&#*'#),'001C#%.$43m'&#'-)1C
,%4C@%,<m'-('$,1"5'&)'#*,0,=,*%#1"#*'6%)%#*'"#E'G%0C#,%9%$m&%-%)0%-C
*.#3*Qm-'&)1*%-C#&#"+)%m(0%"%&=1*%C#.%-"<@%m(101#"1#'D'$4$,A&#*'
-1$0,8,$,%-C#L%-)*9*$m'&#"1-#(1"1301-#*'C#.%'LC%@*Qm$%&#'"#),'5(%#1#&4'-)01
*,-(%-,$,A&C#)%"<Qm*'#"1#B'0-%&1",*1*#*'#+,%-7

FPCMG55!bJ
N+:)0"&%,:)0",h'0,L+,0$+,&0,Q+L),-+,7+,(%Z0"2+&%d,0/#+Z%/,$0'")&%/
+h'qd,0",0/#0,/+K$+&%,L'K+$d,9+$+,%q$,(%",#%&%,&0#+LL0,0L,Z0"/+W0
#$+/(0"&0"#+L,&0,M)%/d,-,&0,0/+,U%$Z+,$0+L)2+$,/+($)U)()%f

N!aJ!n!5CMI
!-)1#'01#*'#Y1",#&%#'-#1(0%(,1*1#'&#13-%"4)%#(101#"1#14)%00'1",T1$,A&9#$%5%#"%
'01# E1).1i.4=19# "1# '*1*# *'# %0%9# %# W0')Ji.4=1# %# +6J(101i.4=19# "1-# '*1*'-# *'
("1)1# .# $%30'7# M1# ='&)'# *'# E1).1i.4=19# :4'# 6,6>1# *401&)'# $,'&# 5,"# 1G%-9# '01
$1(1T#*'#0'1",T10#4&1#(0%"%&=1*1#5'*,)1$,A&#'&#101-#*'#"1#14)%00'1",T1$,A&7#t
'&# W0')Ji.4=19# $41&*%# "1# *401$,A&# *'# "1# 6,*1# '01# *'# *,'T# 5,"# 1G%-9# "1
14)%00'1",T1$,A&#-'#"%=0131#5'*,1&)'#"1#'D'$4$,A&#*'#=01&*'-#-1$0,8,$,%-7#t#'&
+6J(101i.4=19# $41&*%# "1# *401$,A&# *'# "1# 6,*1# '01# *'# 5,"# 1G%-9# "1
14)%00'1",T1$,A&# -'# "%=0131# 5'*,1&)'# "1# 1*%01$,A&# *'"# E'G%07# B'0%# $%5%# '&#'"
Y1",i.4=1# "1# *401$,A&# 5;<,51# *'# "1# 6,*1# '-# *'# $,'&# 1G%-# F&,$15'&)'9# .# '-%
4&,*%#1#*,6'0-1-#*,8,$4")1*'-9#'"#(0%$'-%#*'#14)%00'1",T1$,A&#0'$%5'&*1*%#'-#'"
*'# %>0# .# $1&)10# 1$'0$1# *'"# -1&)%# &%530'9# 8151# .# (1-1),'5(%-# *'"# E'G%07# M%-
-13,%-# *'# ?1,5,[J01S.1# $%5'&T10%&# '-'# (0%$'-%# '&# 4&# "4=10# *'-),&1*%
'-('$>8,$15'&)'# 1# "%-# *'6%)%-# *'"# E'G%07# !""%-# -'# (0'(1010%&# (101# %>0# "1
&1001$,A&# *'# "%-# (1-1),'5(%-# *'"# E'G%0# (%0# 4&# ('0>%*%# *'# 5,"# 1G%-7# R%&# '"
'D'5("%#*'#'-%-#-13,%-9#4&%#*'3'#1(0'&*'0#:4'#'"#%>0#.#0'$,)10#0'=4"105'&)'#'"
()*+%,%-%$# '-# "1# F&,$1# 51&'01# *'# "%=010# "1# 14)%00'1",T1$,A&7# h)0%-# ,&)'&)%-
-%&# -,5("'5'&)'# 4&1# (O0*,*1# *'# ),'5(%9# .1# :4'# &%# *1&# &,&=F&# 0'-4")1*%
)1&=,3"'7# !"# E'G%0# H0I# R1,)1&.1# X1@J(013@4# (0'*,$A# '-)'# -,-)'51# *'
1)*+%,%-%'&)%"$%9#.#0'$%5'&*A#:4'#)%*%-#1:4'""%-#:4'#@43,'0'&#&1$,*%#'&#"1
Q&*,1# 1-45,'01&# "1# 0'-(%&-13,",*1*# *'# *,84&*,0# "%-# 5'&-1D'-# *'"# E'G%0# H0I
YZ[S19#(0,&$,(1"5'&)'#'"#5'&-1D'#*'#"1#()%+%,%&'+#-*7#t#$41&*%#4&%#-'#@1""1
3,'&# '-)13"'$,*%# '&# "1-# '&-'G1&T1-# *'# "1# ()%+%,%&'+#-*9# (4'*'# *'*,$10-'# 1"
'-)4*,%#*'"#!"#$%&'()*+%,%-%$9#(101#4&1#51.%0#,"45,&1$,A&#'&#"%#0'8'0'&)'#1
"1#14)%00'1",T1$,A&7

*.PNI,<<
-,%803%Q0.%3&%";4-20&)*-"*
&/.-%"%8034.-4-#"C%-*$
L%N480.%--,%')%"%807/8.*8
L%"@%'&)*"%04,*"@%,%$

-,%$mE4#e01$,1C#3%Qm1#&%-%)0%-C#.%3&%";4-%Qm'&$4'&)0%C#&)*-"*m(%0#"1
(0%6,*'&$,1C#&/.-%"%$m,&-4('013"'C#34.-4-#"C%-*$m(101#1:4'""%-#:4'#*'-'1&
1)016'-10C#L%N4$m"1#'01#*'#Y1",C#.%--,%')%"%$m1:4'""%#:4'#*')'0,%01#"1-
34'&1-#$41",*1*'-C#7/8.*$m*'#4&#@%530'C#L%"@%'&)*"%Qm$1(,);&C
4,%m$%5%C#%"@%,%$m'"#%$O1&%7

FPCMG55!bJ
J%/%#$%/,($00Z%/,7+:0$,(%"%()&%,+,N',a$+()+,9%$,L+,O%L'"#+&,&0,L+
D$%O)&0"()+d,/VL%,9+$+,h'0,L%,+(09#0Z%/,(%Z%,(+9)#i",&0L,:+$(%,&0
+h'0LL%/,h'0,&0/0+",+#$+O0/+$,0L,90L)K$%/%,%(l+"%,&0,Q+L)d,0L,('+L,&0#0$)%$+
#%&+/,L+/,:'0"+/,('+L)&+&0/,&0,'",/0$,7'Z+"%f

N!aJ!n!5CMI
M1# '01# *'# Y1",# '-# 54.# ('",=0%-1# (101# '"# -'0# @451&%7# M1# 6,*1# @451&1# ),'&'
F&,$15'&)'#(%0#%3D')%#"1#14)%00'1",T1$,A&9#('0%#*'3,*%#1#'-)1#('",=0%-1#'019#"%-
@%530'-# @1&# %"6,*1*%# (%0# $%5("')%# '"# %3D'),6%# *'# "1# 6,*17# !&# '-)1# '019# "1
*401$,A&# *'# "1# 6,*1# *,-5,&4,0;# *'# 51&'01# =01*41"7# B14"1),&15'&)'9# "1# ='&)'
('0*'0;# -4# 5'5%0,19# -4-# 5'D%0'-# -'&),5,'&)%-9# -4# 84'0T1# .# -4-# 5'D%0'-
$41",*1*'-7# !&# '"# +4%*O$,5%# R1&)%# *'# '-)1# %301# -'# *1# 4&1# ",-)1# *'# "1-
1&%51">1-#*'#'-)1#'017#2->#:4'9#'-)1#'01#'-#54.#*,8>$,"#(101#1:4'""%-#:4'#:4,'01&
4),",T10# '-)1# 6,*1# (101# "1# 14)%00'1",T1$,A&7# M1# ='&)'# '-);# )1&# %$4(1*1# $%&# "1
$%5("1$'&$,1#*'#"%-#-'&),*%-9#:4'#%"6,*1#(%0#$%5("')%#"1#14)%00'1",T1$,A&7#B%0
"%$4019#*,$'&#13,'0)15'&)'#:4'#&%#@1.#&'$'-,*1*#*'#14)%00'1",T1$,A&9#(%0:4'#&%
-'# *1&# $4'&)1# *'# :4'# '-)1# 30'6'# 6,*1# &%# '-# 5;-# :4'# 4&# 5%5'&)%# '&# &4'-)01
=01&# D%0&1*1# @1$,1# "1# 14)%00'1",T1$,A&7# W%*%# '"# -,-)'51# '*4$1),6%# '-);
'&$15,&1*%# @1$,1# "1# $%5("1$'&$,1# *'# "%-# -'&),*%-9# .# -,# 4&# @%530'# $4")%# "%
1&1",T1# 3,'&9# 6'0;# :4'# "%-# &,G%-# *'# '-)1# O(%$1# '-);&# -,'&*%# '&6,1*%-
,&)'&$,%&1"5'&)'# 1# "%-# 51)1*'0%-# *'# "1# 51"# ""151*1# '*4$1$,A&7# B%0
$%&-,=4,'&)'9#"%-#@%530'-#$4")%-#*'3'&#$4,*10-'#*'#'-)1#'019#.#-,#1$1-%#:4,'0'&
1)016'-10#'"#('",=0%-%#%$O1&%#*'#Y1",9#*'3'&#-'=4,0#"%-#(1-%-#*'#"%-#-13,%-#*'
?1,5,[J01S.1# .# 1$'()10# $%5%# $1(,);&# *'"# 310$%# 1# H0I# # E\)1# e%-6J5I# %# 1# -4
0'(0'-'&)1&)'#='&4,&%7#!"#310$%#'-#'"#5'&-1D'#*'"#E'G%0#YZ[S1#'&#"1#8%051#*'#"1
()%+%,%&'+#-*#%#'"#!"#$%&'()*+%,%-%$7

*.PNI,<=
1"5)4092+<;,%"<0LHC@<
1"%)$%@9<0&)%"$%',%"$%@4
.,*80L*CY)*$0%&)/327<-<
&)%"$%Q0L%80;%"%@%80+%-%Q

1"5)4m(%0#816%0#*,C#92+%'#;,%"<m'"#E'G%0#*'#)%*%-#"%-#(%*'0'-#5>-),$%-C
LHC@<m'"#E'G%0#YZ[S1C#1"%)$%@9<m"1#/'0*1*#23-%"4)1C#&)%"$%m0'",=,A&C
,%"$%@4m(0%)'$)%0C#.,*$m(0%(,1C#L*CY)*$m5%01*1C#%&)/3*m@%.#'&#*>1C
/7<-<m@13,O&*%-'#,*%C#&)%"$%Qm0'",=,A&C#L%$m1#:4,'&C#;%"%@%$m0'84=,%C
+%-%Qm,*%7

FPCMG55!bJ
5%Z%,3$4,QRST+d,L+,*0$&+&,C:/%L'#+d,0L,+Z%,&0,#%&%/,L%/,9%&0$0/
Zq/#)(%/d,7+,9+$#)&%,7+()+,N',9$%9)+,Z%$+&+d,9%$,U+O%$d,&)"%/,+,h')l",7+"
+('&)&%,+7%$+,L%/,9$)"()9)%/,$0L)K)%/%/,0",:'/(+,&0,$0U'K)%f

N!aJ!n!5CMI
!&# '-'&$,19# "1# 0'",=,A&# $%&-,-)'# '&# "%-# $A*,=%-# (0'-$0,)%-# :4'# "1# (0%(,1
B'0-%&1",*1*# *'# +,%-# '&4&$,17# E,'5(0'# :4'# %$400'# 4&# =01&# 134-%# %
,&$45(",5,'&)%#*'#"%-#(0,&$,(,%-#0'",=,%-%-9#1(10'$'#'"#E'G%0#E4(0'5%#X,-5%
(101# 0'-)13"'$'0"%-7# !-%# -'# *'$"101# '&# "1# ()%+%,%&'+#-*7# 2:4># "%-# -13,%-# *'
?1,5,[J01S.1# '-);&# (0'=4&)1&*%# (%0# '-%-# (0,&$,(,%-7# M1# 0'-(4'-)1# 1# '-1
(0'=4&)1# -'# *1# 5;-# 1*'"1&)'7# !"# !"#$%&'()*+%,%-%$# '-# "1# )01-$'&*'&)1"
0'(0'-'&)1$,A&# -%&%01# *'# "1# B'0-%&1",*1*# *'# +,%-9# .9# '&# $%&-'$4'&$,19# '-# "1
0'(0'-'&)1$,A&# '&# ("'&%# *'"# $%&%$,5,'&)%# )01-$'&*'&)1"# .# "%-# (0,&$,(,%-
0'",=,%-%-7

!"#$%&'()*+*$,-"$").*)/)0+1-"$1&$23+4%)5&1+*%+6$1&,$7')(&'$8+9#%:,-6
7')(&'$8+*%-6$1&,$;'<(+1=23>.+5+%+(6$%)%:,+1-?$@A+"$9'&.:*%+"$1&$,-"
"+B)-"CD

1.*2/$)0'A

=@B@;@=5='C'68!B@1@>'=@B@;>

*.PNI,;
,9*.%0/,*?%
4-40.%$7"%;3%'.%8)HCY2
,47"*@*80"%/$%)%"C%@4Q
7"%-475>9%0,%?%.0-<C*8
7"%,%L-/$0/7%?%L"%$<

,9*.%Q0/,*?%m/.J-1#*,D%C#4-4m1->#(4'-C#.%$7"%;3%m(0'=4&)1-#('08'$)1-C
.%8)HCY%Qm('08'$)15'&)'#-1),-8'$@%C#,47"*@*$m*'#"%-#-13,%-#:4'#-'
'&$%&)0131&#1"">C#"%/$%)%"C%@4Qm'"#@,D%#*'#k%51@10[1S19#'-#*'$,09
V=01d016JC#7"%-475>9%m*'-(4O-#*'#*10"'-#"1-#=01$,1-C#,%?%Qm(1"1301-C
-<C*$m*'#'""%-C#7"%,%L-/$m(101#0'-(%&*'0"'-C#/7%?%L"%$<m,&)'&)A7

FPCMG55!bJ
GK$+z$+O8,oNu#+,a%/O8Z4pd,0L,7)W%,&0,P%Z+7+$S+T+d,/)"#)l"&%/0
9L0"+Z0"#0,/+#)/U0(7%,(%",L+/,9$0K'"#+/,90$U0(#+/,h'0,L0,7)()0$%",L%/
:$87Z+T+/d,L0/,&)%,L+/,K$+()+/d,-d,+/q,9'0/d,)"#0"#V,$0/9%"&0$f