( ) * + , Είσοδος Εγγραφή

- !
'70<?1.-& '"%J,0.7!1,5A%8 ["%$!>";:-& W%"%4%)$1,!7">#D% 35#"%4,)$% =+D48:$&!3HEFI)5 C844%)$1?&!C85A(:#$& ('9JEK L(M+C*F9! '"/.%:?4$<7

! Άρειος Πάγος 1/2017 Απόρρητο των επικοινωνιών - Ηλεκτρονικά

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

μηνύματα του εταιρικού email εργαζόμενου σε ηλεκτρονικό υπολογιστή

Υπηρεσία απάντησης προσωπικών ερωτημάτων «Επίλυσις»

" του εργοδότη - Επιτρεπτή η χρήση τους ως αποδεικτικών μέσων

S?:7!7+,!.%!E$4$1,!+#"$A(44%0!.-&!8+-"#:D7&!N=+D48:$&O!5+%"#D.#

# αθέμιτων, αντισυμβατικών πράξεων του εργαζόμενου

#61%47!17$!)";)%"7!07!@?:#.#!.7!#"/.;57.(!:7&!:.-0!=+$:.-5%0$1;
57&!K5(<7!17$!07!4(A#.#!(5#:7!.$&!7+70.;:#$&!+%8!L(>0#.#6!K$!:7E#D&
17.-)%"D#&!8+%A%4;&!./0!#"/.-5(./0-!-!#61%4-!7079;.-:-!./0
$ 7+70.;:#/0!#+P!78.20-!-!(5#:-!#0-5?"/:-!'5#!+%44%6&!.",+%8&'
5,4$&!<D0#.7$!-!7+(0.-:-!164+6-!17@$:.%60!.-0!8+-"#:D7!78.;!?070
+%46.$5%!:80#")(.-6!F,:.%&!#.;:$7&!:80<"%5;&!0%%-%%!#8"2!3:.-0
% .$5;!<#0!+#"$475A(0#.7$!%!W6'6*65 H#D.#!+#"$::,.#"7

& Αρχείο Νόμων και Αποφάσεων

 Webinars
!"#$"%&!'()(&* +,"(-*%./-"01!"#$ 23$"04-"01 5(67809'!%!:,7-;<=3-3!"#&$

2;"809'!)/$787!"'$
Tax Heaven Full Pack - Ο Έμπιστος Συνεργάτης του Λογιστή

Online Cloud CRM

!"#$%&!'()%&!"#$%"&!*+,""-.%!./0!#+$1%$0/0$20!'!34#1."%0$1(!5-0657.7!.%8!#.7$"$1%6!()*+,!#")79,5#0%8!:#!-4#1."%0$1,
8+%4%)$:.;!.%8!#")%<,.-!'!=+$."#+.;!-!>";:-!.%8&!/&!7+%<#$1.$120!5?:/0!7@?5$./0-!70.$:85A7.$120!+"(B#/0!.%8
Express ΙΣΟΛΟΓΙΣΜΟΣ
#")79,5#0%8

!"#$%&'()"*'!%+&,!.!/!"0'%0'$%"&!1
-.+"/$01."!=")7.$1(!'!*+7:>,4-:-

!"#$%&!'()%&!"#$%"&!
*+,""-.%!./0!#+$1%$0/0$20!'!34#1."%0$1(!5-0657.7!.%8!#.7$"$1%6!()*+,!#")79,5#0%8!:#!-4#1."%0$1,
8+%4%)$:.;!.%8!#")%<,.-!'!=+$."#+.;!-!>";:-!.%8&!/&!7+%<#$1.$120!5?:/0!7@?5$./0-!70.$:85A7.$120
+"(B#/0!.%8!#")79,5#0%8

'#"C4-D-

*+,! .$&! <$7.(B#$&! .%8! ("@"%8! "2! .%8! C80.()57.%&! ! +"%16+.#$! ,.$! 17.%>8"20#.7$! 7+%46./&! -! +"%:.7:D7! .%8
7+%"";.%8!./0!#+$:.%420!17$!.-&!#4#6@#"-&!70.7+,1"$:-&!17$!#+$1%$0/0D7&!5#!%+%$%<;+%.#!.",+%-!,>$!5,0%0
?070.$! ./0! <-5%:D/0! %")(0/0! 17$! #+$>#$";:#/0-! 744(! 17$! ?070.$! ./0! $<$/.20-! #E,:%0-! 17.(! .-0! ?00%$7! ./0
:80.7)57.$120! 78.20! <$7.(B#/0! .-&! +7"7)"(E%8! $-! 5#! 78.?&! @#:+D9#.7$! 8+%>"?/:-! .%8! 1%$0%6! 0%5%@?.-! 07
475A(0#$! 5?."7! <$7:E74D:#/&! .%8! 7+%"";.%8! .-&! #+$1%$0/0D7&! 17$! ?070.$! ./0! $<$/.20! 3! C.=! "%2"#$%"456! C.-0
?00%$7! .%8! 7+%"";.%8! #5+D+.#$! 17.7! 7">;0! .%! +#"$#>,5#0%! .-&! #+$1%$0/0D7&-! 5#! ,+%$%! .",+%! 17$! 70! 78.;
<$#B()#.7$6!*0.$1#D5#0%!.-&!:80.7)57.$1;&!+"%:.7:D7&!<#0!#D07$!.%!5;0857!17@7!#78.,!378.,!+"%:.7.#6#.7$!7+,
.%!("@"%!"8!.%8!C80.()57.%&6-!+%8!17.%>8"20#$!.-0!#4#8@#"D7!#1E"(:#/&!17$!<$7<,:#/&!.-&!)025-&5!744(!.%
7+,""-.%! .%8! 5-0657.%&6! 3! +"%:.7:D7! .%8! 7+%"";.%8! 7E%"(! ,>$! 5,0%! .7! )"7+.(! 5-0657.7! 3#+$:.%4?&5! 744(
17$! %+%$7<;+%.#! 5%"E;! $<$/.$1;&-! <-47<;! 5-! <-5,:$7&! #+$1%$0/0D7&-! ,+/&! .-4#)"7E;57.7-! .-4#E/0;57.7-
.-4#%5%$%.8+$1(! 5-0657.7-! -4#1."%0$1(! 5-0657.7! 3(')*+,95-! +%8! #D07$! -! :6)>"%0-! 5%"E;! ./0! #+$:.%4206! F7$
.%6.%-!#D.#!-!#+$1%$0/0D7!+"7)57.%+%$#D.7$!7+,!.-0!17.%$1D7!#D.#!7+,!.%0!>2"%!#")7:D7&!./0!#+$1%$0/0%60./06
G%!("@"%!"2!+7"6"!.%8!C80.()57.%&!+"%:.7.#6#$!5,0%!.-0!:#+$1%$0/0D7!:#!%$1#$,.-.7!17$!,>$!.-0!#+$1%$0/0D7!:#
<-5%:$,.-.7:6! *0! 17$! >7"71.-"D9#.7$! /&! :7+,48.%:-! .%! 7+,""-.%! 7D"#.7$! 17.(! .%8&! ,"%8&! +%8! @?.#$! -! D<$%
:80.7)57.$1;!<$(.7B-6!

*+,!.$&!<$7.(B#$&!./0!("@"/0!2!.%8!C80.()57.%&!17$!;!=CH*!78.?&!+"%16+.#$!,.$!-!+"%:.7:D7!.-&!$<$/.$1;&!9/;&
+#"$475A(0#$! .-0! $<$/.$1;! 17$! %$1%)#0#$71;! 9/;! .%8! 7.,5%86! F7.7! 70.$<$7:.%4;! +"%&! .-0! 1%$0/0$1;! 9/;! .%8
7.,5%8-!/&!$<$/.$1;!9/;!.%8!0%#D.7$!.%!:60%4%!./0!:>?:#/0!17$!./0!<"7:.-"$%.;./0!.%8!#1#D0/0!+%8!.%!D<$%
@?4#$! 07! 1"7.;:#$! 571"$(! 7+,! .-! <-5%:$,.-.7-! #D.#! 7+%14#$:.$1(! )$7! .%0! #78.,! .%8-! #D.#! )$7! ?070! :.#0,! 1614%-
.%0! %+%D%! %! D<$%&! 1(@#! E%"(! +"%:<$%"D9#$6! I.:$-! #1.,&! 7+,! .-0! #"/.$1;! 9/;-! .7! 9-.;57.7! 8)#D7&! 17$! .-0
%$1%)#0#$71;! 9/;! .%8! 7.,5%8-! +%8! A"D:1%0.7$! :.%0! +8";07! .%8! +"%:.7.#8.?%8! <$17$257.%&-! :.-0! ?00%$7! .-&
$<$/.$1;&! 9/;&! #5+D+.#$! ?07&! #8"6.#"%&! 1614%&! 8+%@?:#20! .%8-! %! %+%D%&! #0<?>#.7$! 07! :85+4?1#.7$! 17$! 5#! .-0
#+7))#457.$1;! 9/;6! I.:$! .%! =8"/+7J1,! H$17:.;"$%! .%8! C."7:A%6")%8! ?>#$! 1"D0#$! ,.$! .7! .-4#E/0;57.7! 17$! -
-4#1."%0$1;! 744-4%)"7ED7! 7+,! .%0! >2"%! .-&! <%84#$(&! #0<?>#.7$! 07! @#/"-@%60! $<$7D.#"#&! #1E(0:#$&! .-&
$<$/.$1;&!9/;&!.%8!#")79%5?0%8!17$!07!+"%:.7.#6%0.7$!7+,!.%!("@"%!;!.-&!=CH*6!G%!D<$%!17$!.%!H$17:.;"$%!.-&
=8"/+7J1;&! I0/:-&! 3H==-! +"2-0! H=F5-! +%8-! #02! :.-0! 7">;! 3! "2;25! #D>#! 7+%E70@#D! ,.$! .%! 70.$1#D5#0%! .-&
+"%:.7:D7&!.%8!("@"%8!;!.-&!=CH*!:7E%"(!.%!+#<D%!.-&!70(+.8B-&!.-&!+"%:/+$1;&!#4#8@#"D7&!.%8!7.,5%8!17$-
#+%5?0/&-!<#0!5+%"#D!07!#+#1.7@#D!:.%8&!>2"%8&!#5+%"$120!<"7:.-"$%.;./0:-!:.-!:80?>#$7!3!$%%;5!+"%:?))$:#
.-0!/&!(0/!7+,E7:-!.%8!H$17:.-"D%8!.%8!C."7:A%6")%86

G?4%&-! .7! 7.%5$1(! <$17$257.7! <#0! +"%:.7.#6%0.7$! 5,0%0! ?070.$! .-&! +%4$.#D7&! 17$! ./0! %")(0/0! .-&-! 744(! 17$
?070.$! $<$/.20! +%8! .7! +"%:A(44%80-! 7E%6! +4?%0-! 17.(! .-0! /&! (0/! +7"()"7E%! "! .%8! /&! (0/! ("@"%8! $4! .%8
C80.()57.%&-!:.7!<$17$257.7!$:>6%80!17$!:.$&!:>?:#$&!5#.7B6!$<$/.20!:.$&!%+%D#&!+"%:$<$(9%80:6!'",1#$.7$!)$7
.-0!4#),5#0-!:."$.#0?")#$7:!./0!:80.7)57.$120!<$17$/5(./0-!:.-0!%+%D7!#5+D+.#$!17.7!#B%>;0!-!:>?:-!#")%<,.-
17$! #")79%5?0%86! F7.(! +()$7! +4?%0! 0%5%4%)D7! -%! !"#$%&! '()%&! <?>#.7$! ,.$-! 17.7! 70.$<$7:.%4;! +"%&! .-0
+"%:/+$1;! 17$! $<$/.$1;! 9/;-! -! #1.?4#:-! ./0! 8+-"#:$7120! 17@-1,0./0! .%8! 8+744;4%8! 5+%"#D! 07! 7+%.#4?:#$
70.$1#D5#0%! #4?)>/0-! %$! %+%D%$-! #1.,&! #")7:D7&! @7! ;.70! 70#+D."#+.%$6! I.:$-! ,+/&! ?>#$! 1"$@#D-! #D07$! @#5$.;! -
57)0-.%:1,+-:-! .75$20! 17.7:.;57.%&! #0! 2"7! #")7:D7&-! <$,.$! -! #")7:D7! .-0! %+%D7! 78.%D! +7"?>%80! 8+,1#$.7$
:.%0! ?4#)>%! .%8! #")%<,.--! <#<%5?0%8! ,.$! -! +7"7+(0/! 57)0-.%:1,+-:-! <#0! 70()#.7$! :.-0! :E7D"7! .-&
+"%:/+$1;&!17$!$<$/.$1;&!9/;&!./0!#")79%5?0/0!3!*'!;&8#$%%8-!-!%+%D7!7E%"(!.-!)0/:.;!8+,@#:-!8+#B7D"#:-&
>"-5(./0! 7+,! .%! +7)1("$! .%8! $#"%6! 07%6! +"%:180;57.%&! 66656! '"%&! .-0! D<$7! 17.#6@80:--! .%! =8"/+7J1,
H$17:.;"$%!H$17$/5(./0!.%8!*0@"2+%8!3=HH*5!?>#$!1"D0#$!,.$-!:.%!+47D:$%!.-&!4#$.%8")D7&!.-&!#+$>#D"-:-&!17$-
#$<$1,.#"7-! :.%0! >2"%! #")7:D7&-! #D07$! #+$."#+.?&! +$%! #1.#.75?0#&! #+#5A(:#$&! :.-0! $<$/.$1;! 9/;! ./0
#")79%5?0/0! 7+7! ,-.$! #1.,&! 78.%66! '#"7$.?"/-! 17.(! .%! ("@"%! "! .%8! 06! "8<#"2"8! +#"D! 7@#5D.%8! 70.7)/0$:5%6
:7+7)%"#6#.7$!17.(!.7&!#5+%"$1(&-!A$%5->70$1(&!;!)#/")$1(&!:807447)(&!+(:7!+"%&!.%0!:1%+,0!70.7)/0$:5%6
)#0%5?0-! +"(B$&! 70.$1#D5#0-! #$&! .7! >"-:.(! ;@-6! K! +7"7A(.-&! <607.7$! 07! #07>@#D! +"%&! +7"(4#$L$0! 17$! +"%&
70,"@/:$0!.-&!+"%:)#0%5?0-&!9-5D7&:6!*+,!.-!<$(.7B-!78.;!+"%16+.#$!,.$-!)$7!.-0!#E7"5%);!.-&!7+7$.#D.7$!-
+"(B-! 7E#0,&! 07! ?)$0#! +"%&! .%! :1%+,! 70.7)/0$:5%6! 17$! 7E#.?"%8! 07! 70.D1#$.7$! :.7! >"-:.(! ;@--! /&! 1"$.;"$%
./0! %+%D/0! >"-:$5#6%80! %$! $<?#&! .%8! 5?:%8! 1%$0/0$1%6! 70@"2+%8! +%8! 17.(! .-! )#0$1;! 70.D4-L-! :1?+.#.7$! 5#
>"-:.,.-.7! 17$! E",0-:-! 3K4*'! $#$%%;-! *'! 22"#$%"8! -*'! $82#$%"856! M:.,:%! -! ?00%$7! ./0! >"-:.20! -@20! <#0
5+%"#D!:.%!<D17$%!.%8!7@?5$.%8!70.7)/0$:5%6!07!7+->#D!70.$4;L#$&!1%$0/0$1;&!5,0%0!-@$1;&-!744(!%E#D4#$!07
<$75%"E20#.7$! 5#! A(:-! 18"D/&! .$&! %$1%0%5$1?&! 17$! 4%$+?&! :80@;1#&! .-&! :8)1#1"$5?0-&! 7)%"(&! :.%! +47D:$%
:.(@5$:-&! ./0! 70.D@#./0! :85E#",0./0! +%8! 174#D.7$! %! 0,5%&! 07! +"%:.7.#6:#$! 7+,! 7@?5$.#&! 70.7)/0$:.$1?&
:85+#"$E%"?&-! <$7:E74D9%0.7&! ?.:$! 7+%.#4#:57.$1(! 17$! .-0! #))8-5?0-! 7+,! .%! ("@"6! 4="! .%8! C80.()57.%&
%$1%0%5$1;! #4#8@#"D76! *0.$1#D5#0%! <-47<;! +"%:.7:D7&! <#0! #D07$! 5,0%0! .%! :85E?"%0! ./0! 70.7)/0$:.20! :.-0
7.%5$1;! <$(:.7:;! .%8-! 744(! 17$! .%! :85E?"%0! ./0! 17.7074/.20! 17$! 17.>! #+?1.7:-! -! 4#$.%8")D7! .-&! D<$7&! .-&
7)%"(&! 3*'! 22"#$%"856! *+,! .$&! <$7.(B#$&! ./0! ("@"/0! <4$! 17$! $;;! *F! 17$! "<! .%8! 06! "8<#"2"8! +"%16+.#$! ,.$! %
5$:@/.,&-! %! %+%D%&! ?>#$! 17@;1%0! +D:.-&! +"%&! .%0! #")%<,.-! .%8-! 8+%>"#%6.7$! 07! 5-! #0#")#D! 70.7)/0$:.$1?&
+"(B#$&-!%$!%+%D#&!A4(+.%80!.7!:85E?"%0.7!.%8!#")%<,.-6!G?.%$#&!+"(B#$&-!+4-0!(44/0-!#D07$!-!(:1-:-!)$7!<$1,
.%8!4%)7"$7:5,-!5#!()0%$7!.%8!#")%<,.--!#5+%"$120!#")7:$20-!%5%D/0!+"%&!.$&!+"(B#$&!.%8!.#4#8.7D%8-!/&!17$!-
#B8+-"?.-:-!+#47.20!.%8!#")%<,.-!7+>!#8@#D7&!7+,!.%0!5$:@/.,!3!*'!"$;4#"2;856!

C.-0! +"%1#$5?0-! +#"D+./:--! .7! 1"D:$57! 7">#D7! +#"$475A(0%80! ?))"7E7! 17$! (447! :.%$>#D7! .7! %+%D7! %$! +"2-0
8+(44-4%$! .-&! 707$"#:#D%8:7&! :80?.7B70-! 7+?:.#$470! ;! 17$! +7"?47A70! :.%0! >2"%! #")7:D7&! .%8&! 5#! >";:-
#.7$"$120!8+%4%)$:.206!=+D!+4?%0-!<#0!>"-:$5%+%$%6:70!+"%:/+$1;!-4#1."%0$1;!<$#6@80:--!744(!#.7$"$1;-!.-0
%+%D7! -! 707$"#:#D%8:7! .%8&! #D>#! +7"7>/";:#$! )$7! .$&! 70()1#&! .-&! #")7:D7&! .%8&6! *1,5-! <#0! .?@-1#! 9;.-57
#+$.;"-:-&! ;! 17@7! %$%0<;+%.#! .",+%! +7"71%4%6@-:-&! ./0! +7"7$.-@?0./0! +"2-0! 8+744;4/0! .-&
707$"#:#D%8:7&-!17.(!.-!<$("1#$7!.-&!#")7:D7&!.%8&6!=4?)>@-170!7+42&!#1!./0!8:.?"/0!%$!#.7$"$1%D!8+%4%)$:.?&
5#.(! .-0! 7+%>2"-:;! .%8&! 17$! .-0! ("0-:;! .%8&! 07! +7"7<2:%80! .7! 7">#D7! +%8! >"-:$5%+%$%6:70! :.-0
707$"#:#D%8:7! #")%<,."$(! .%8&6! =B(44%8-! .7! 1"D:$57! <#<%5?07! <#0! ;.70! :#87D:@-.7:! 17.(! .-0! ?00%$7! .%8
06$8&$#"22&!3("@"%!$!+#"6!A7!56!

3! :844%);! 17$! #+#B#")7:D7! .%8&! 7+,! .-0! 707$"#:#D%8:7! <#0! 7+?A4#+#! 5,0%! :.-0! +"%:.7:D7! ./0! <$17$/5(./0
17$!:85E#",0./0!.-&!3("@"%!4!+7"6"!.%8!C80.()57.%&5!744(!:.-0!<$7:E(4$:-!.-&!#5+%"$1;&!+D:.-&!17$-!#0!.?4#$-
:.-0!+"%:.7:D7!.%8!#4#6@#"%8!70.7)/0$:5%6

*'!!"#$%"&

GK!HNF*CG3ONK!GKP!*O=NKP!'*QKP

C=!'R3O3!KRKS=R=N*

C8)1"%.;@-1#! 7+,! .%8&! H$17:.?&! .-&! +4;"%8&! K4%5?4#$7&.! T7:$4$1;! U(0%8! '! V"$:.%ED4%8-! '",#<"%! *"#D%8
'()%8-! N/(00-! Q$70071,+%84%-! =8E-5D7! R75+"%+%64%8-! *:+7:D7! F7"?44%8-! Q#"(:$5%! W%8"4(0%-! =$";0-
F$%8"1.:,)4%8! '! '#."%84(1--! H;5-."7! S+%8"0(17-! *0.$+"%?<"%8&! .%8! *"#D%8! '()%8-! V"$:.,E%"%! F%:5D<--
*0.20$%!X#8)24--!Q#2")$%!C711(-!S7"D7!Q74(0-!'!R#%07"<%+%64%8-!=4?0-!H$%08:%+%64%8-!N/:;E!G:747)70D<--
=8)#0D7! '"%)(1--! *"$:.#D<-! '#4#1(0%-! T7:D4#$%! '?++7-! V7"(475+%! F74757.$70,-! Q#2")$%! R?117-! S7"D7
V8.;"%)4%8-!=$";0-!F74%6-!V7"(475+%!S7>7D"7-!*+,:.%4%!'7+7)#/")D%8!'!=$:-)-.;-!*4.(07!F%11%A%6-!C%ED7
Y.(0.%8-!'707)$2.-!F7.:$"%65+7-!H-5;."$%!Q#2")7-!H-5;."$%!G9$%6A7-!Q#2")$%!*07:.7:(1%-!N/(00-!S7))D07-
H;5-."7! F%1%.D0--! H$%08:D7! S+$.9%60--! Q#2")$%! V%J5?-! N/(00-! W$%"(1--! N/(00-! S+74$.:("--! Q#2")$%
'7+7-4$(<--! Q#2")$%! S$>%4$(-! *4#B(0<"7! F7117A(-! *))#4$1;! G97A("7-! '7"7:1#8;! F747J.9;-! Y$1,47%! G:(1%-
Y78:$1(! W"()1%8-! U/5(! Q17.9%)$(00--! S$4.$(<-! V7.9-)#/")D%8-! S7"D7! Q170$(.:%8-! S7"D7! G97071(1--! S7"D7
'7+7:/.-"D%8!17$!Y$1,47%!'$+$4D)17-!*"#%+7)D.#&6!31/48%5?0/0!./0!4%$+20!<$17:.20!.-&!:60@#:-&56

C80#<"D7:#! <-5,:$7! :.%! 71"%7.;"$,! .%8-! :.$&! $$! C#+.#5A"D%8! $%"<-! 5#! .-0! +7"%8:D7! .%8! *0.#$:7))#4?7! .%8
*"#D%8!'()%8!T7:$4#D%8!'4$2.7-!31/48%5?0-&!.-&!=$:7))#4?/&!.%8!*"#D%8!'()%85!17$!.-&!Q"7557.?/&!?))#4$1;&
*08E70.;-!)$7!07!<$1(:#$!.-0!#B;&!8+,@#:-!5#.7B6.

G-&! 707$"#:#D%8:7&! '! 174%6:7&.! *02085-&! #.7$"#D7&! 5#! .-0! #+/085D7! :*=! 666:! +%8! #<"#6#$! :.%0! @! 17$
#1+"%:/+#D.7$! 0,5$57-! -! %+%D7! #1+"%:/+;@-1#! 7+,! .%0! +4-"#B%6:$%! <$1-),"%! .-&! Y$1,47%! W"7)1(1--! +%8
17.?@#:#! +"%.(:#$&! 17$! <;4/:#! ,.$! +7"7$.#D.7$! 7+,! .%! <$1,)"7E%! .-&! 8+,! 1"D:-! 7D.-:-&! 707D"#:-&! /&! +"%&
.%8&!<#6.#"%-!.?.7".-!17$!+?5+.-!./0!707$"#:$A4;./06

G/0! 707$"#:$A4;./0! '! 17@20! -! 14;:-.! "5*6! F6! .%8! =6-! 17.%D1%8! 666-! $5Q6! '6! .%8! V6-! 05*6! Q6! .%8! S6-! 17.%D1%8! 666-! 85
#.7$"#D7&! 5#! .-0! #+/085D7! :666:-! +%8! ?<"#8#! :.-! 666! 17$! #1+"%:/+#D.%! 0,5$57-! 17$! 45702085-&! #.7$"#D7&! 5#! .-0
#+/085D7!:666:-!+%8!?<"#8#!:.-0!@!17$!#1+"%:/+#D.7$!0,5$576

K! +"2.%&! +7"7:.(@-1#! 5#! .%8&! +4-"#B%6:$%8&! <$1-),"%8&! .%8! T$1./"D7! S%8.9%8"D<%8! 17$! WD4$++%
C+8",+%84%-!+%8!17.?@#:70!+"%.(:#$&6

K! <#6.#"%&! ?>#$! 7+%A$2:#$-! ,+/&! +"%16+.#$! 7+,! .%! +"71.$1,! 8$#$%"<! .%8! H$17:.-"D%8! .%6.%8-! %! ."D.%&
+7"7:.(@-1#!5#!.%0!+4-"#B%6:$%!<$1-),"%!.%8!*"$:.#D<-!*))#4(1%-!+%8!17.?@#:#!+"%.(:#$&!17$!%$!.?.7".-!17$
+?5+.-!#.7$"#D#&!<#0!+7"7:.(@-170-!%6.#!#1+"%:/+;@-170!7+,!+4-"#B%6:$%!<$1-),"%6

3! ?0<$1-! <$7E%"(! (">$:#! 5#! .$&! 7+,! ""'4'$%%&! <6%! 7)/)?&! .-&! ;<-! 707$"#:#D%8:7&! #.7$"#D7&! 17$! .-0! 7+,! 4'$'
$%%;! 7)/);! ./0! "%8-! $%8-! 8-&! 17$! 4-&! ./0! 707$"#:$A4;./0-! +%8! 17.7.?@-170! :.%! '%485#4?&! '"/.%<$1#D%
'#$"7$(!17$!:80#1<$1(:.-1706

=1<,@-170!%$!7+%E(:#$&.!4$;8#$%%2!5-!%"$:.$1;!+%8!1;"8B#!#78.,!707"5,<$%!17$!+7"?+#5L#!.-0!8+,@#:-!:.%
'%485#4?&! '"/.%<$1#D%! *@-020-! 80&%#$%""! %"$:.$1;! .%8! '%485#4%6&! '"/.%<$1#D%8! *@-020-! 02<0#$%"$! 5-
%"$:.$1;!17$!42%"#$%"0!%"$:.$1;!.%8!=E#.#D%8!*@-0206

G-0! 707D"#:-! .-&! .#4#8.7D7&! 7+,E7:-&! 9;.-:#! -! 707$"#:#D%8:7! 5#! .-0! 7+,! $4'$'$%"8! 7D.-:;! .-&! 35#! 7"$@5,
17.(@#:-&! 666$;'$'$%"85-! #+D! .-&! %+%D7&! #1<,@-1#! -! ""44#$%"4! 7+,E7:-! .%8! *$7! '%4$.$1%6! G5;57.%&-! -! %+%D7
+7"?+#5L#!:.-0!'4;"-!K4%5?4#$7!.%8!*"#D%8!'()%8!.%8&!+"2.%!17$!<#6.#"%!7+,!.%!("@"%!442!7"$@6!"!17$!""!)7
F6'%46H6! 4,)%8&! .-&! 7+,! $4! W#A"%87"D%8! $%"8! 7D.-:-&! .-&! 702085-&! #.7$"D7&! 5#! .-0! #+/085D7! :*=! 666:! +#"D
707$"?:#/&!.-&!8+7!7"$@6!42%"#$%"0!7+,E7:-&!.%8!=E#.#D%8!*@-0206

S#!.-0!7+,!"<!K1./A"D%8!$%"4!14;:-!.-&!707$"#:#D%8:7&!-!8+,@#:-!E?"#.7$!:.-0!'4;"-!K4%5?4#$7!.%8!*"#D%8
'()%86

F7.(! .-! :89;.-:-! .-&! 8+%@?:#/&! 78.;&-! +%8! #1E/0;@-1#! 7+,! .%! +$0(1$%-! %$! <$(<$1%$! +7"7:.(@-170-! ,+/&
:-5#$20#.7$!+$%!+(0/6

K! =$:-)-.;&! *"#%+7)D.-&! *+,:.%4%&! '7+7)#/")D%8! 70?)0/:#! .-0! 7+,! $$! ?+"$4D%8! $%"<! ?1@#:;! .%8-! 5#! .-0
%+%D7! #$:-);@-1#! .-0! +7"7<%>;! ./0! +7"7+#5E@?0./0! :.-0! '4;"-! K4%5?4#$7! .%8! H$17:.-"D%8! .%8! *"#D%8
'()%8!+"2.%8!17$!<#8.?"%8!4,)/0-!7+,!.%!("@"%!442!7"$@6!"!17$!""!)7!F6'%46H6-!.-&!7+,!$;'$'$%"8!7D.-:-&!.-&
702085-&! #.7$"#D7&! 5#! .-0! #+/085D7! :*=! 666:! )$7! 707D"#:-! .-&! 8+7! 7"$@6! 42%"#$%"0! 7+,E7:-&! .%8! =E#.#D%8
*@-0206

K$! +4-"#B%6:$%$! ./0! +7"7:.(0./0! <$7<D1/0-! 7E%6! ?47A70-! 17.(! :#$"(-! .%! 4,)%! 7+,! .-0! '",#<"%-! 70?+.8B70
+"%E%"$1(!.%8&!:>#.$1%6&!$:>8"$:5%6&!.%8&-!%$!%+%D%$!707E?"%0.7$!17$!:.$&!+"%.(:#$&!.%8&!17$!9;.-:70!%!5#0
.-&!707$"#:#D%8:7&!.-0!+7"7<%>;!.-&!7D.-:-&!707D"#:-&-!%$!<#!./0!707$"#:$A4;./0!.-0!7+,""$L;!.-&-!17@?07&
<#!.-0!17.7<D1-!.%8!70.$<D1%8!5?"%8&!:.-!<$17:.$1;!.%8&!<7+(0-6

K! =$:7))#4?7&! 71%4%6@/&-! 7E%6! ?47A#! .%0! 4,)%! 7+,! .-0! '",#<"%-! +",.#$0#! 07! )D0%80! <#1.%D! %$! 4,)%$! .-&! 7+,
$;'$'$%"8! 7D.-:-&! .-&! 702085-&! #.7$"D7&! 5#! .-0! #+/085D7! :*=! 666:! )$7! 707D"#:-! .-&! 8+7! 7"$@6! 42%"#$%"0
7+,E7:-&!.%8!=E#.#D%8!*@-020!)$7.D!#D07$!A(:$5%$6

F7.,+$0! 78.20! %! '",#<"%&! ?</:#! #1! 0?%8! .%! 4,)%! :.%8&! +$%! +(0/! +4-"#B%8:D%8&-! %$! %+%D%$! 707E?"@-170! :#
,:7!+"%-)%85?0/&!#D>70!707+.6B#$6

F7.(!.-0!"$-!N70%87"D%8!$%"&-!-5?"7!+%8!:8)1"%.;@-1#!.%!H$17:.;"$%!78.,!+"%1#$5?0%8!07!<$7:1#E@#D!)$7!.-0
70/.?"/! 8+,@#:--! ;.70! 7+,0.#&! %! *0.$+",#<"%&! Q#"(:$5%&! W%8"4(0%&! 17$! %$! *"#%+7)D.#&! =4?0-
H$%08:%+%64%8-! =8)#0D7! '"%)(1--! =$";0-! F74%6-! '707)$2.-&! F7.:$"%65+7&-! H$%08:D7! S+$.9%60-! 17$! U/5(&
Q17.9%)$(00-&-!%$!%+%D%$!#D>70!<-42:#$!124857!7"5%<D/&6!'7"(!.76.7-!+7"$:.75?0/0-!+4-0!78.20-!+4?%0!./0
#D1%:$! #00?7! 3$25! 5#420! #1! ./0! :855#.7:>,0./0! :.-! :89;.-:-! .-0! 8+,@#:-&-! 17.7! ("@"%! $0! +7"6$! .%8! 06
"&4<#"2;;-! ,+/&! $:>6#$! 5#! .-0! ."%+%+%D-:-! 5#! .%! ("@"%! 88! .%8! 06! 0<42#$%%;-! .%! H$17:.;"$%! #D>#! .-0! #1! .%8
0,5%8!7+7".D7!)$7!07!<$7:1#E@#D6

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

A6!*+,!.%!:80<87:5,!./0!<$7.(B#/0!./0!("@"/0!$28-!$24!+7"6"-!$2&!17$!$22!F'%4H-!,+/&!.7!("@"7!$28!17$!$2&
70.$17.7:.(@-170!5#!.-0!+7"()"7E%!$!.%8!("@"%8!<#6.#"%8!.%8!("@"%8!"!.%8!068004#$%"4-!+%8!#E7"5,9%0.7$-
:65E/07!5#!.-!<$(.7B-!.%8!("@"%8!4&0!+7"6"!.%8!D<$%8!F2<$17-!17$!:.-!<$7<$17:D7!.-&!<D1-&!)$7!.-0!707D"#:--
+"%16+.#$-!,.$!-!+7"7D.-:-!.%8!707$"#:#D%0.%&!%4$1;!;!5#"$1;-!7+,!.%!<$1,)"7E%!.-&!707D"#:-&!5+%"#D!07!)D0#$
17$! 5#! +"%E%"$1;! <;4/:;! .%8-! >/"D&! .-! :807D0#:-! .%8! 707$"#:$A4;.%8-! +"$0! 7+,! .-0! ?07"B-! .-&! +"%E%"$1;&
:89;.-:-&! .-&! 8+,@#:-&! :.%! 71"%7.;"$%-! +%8! 17.7>/"D9#.7$! :.7! +"71.$1(! 17$! #+$E?"#$! 70.D:.%$>-! 37074,)/&
.%8!+#"$#>%5?0%8!17$!.-&!?1.7:;&!.-&5!17.(")-:-!.-&!<D1-&-!)$7!.%!16"%&!<#!.-&!#0!4,)/!+7"7D.-:-&!<#0!#D07$
707)17D7!-!14;.#8:-!.%8!707$"#:$A4;.%8-!7E%6!78.,&-!17$!70!.8>,0!#D>#!14-@#D!17$!+7"D:.7.%-!<#0!@7!5+%"%6:#
07!70.$.7>@#D!:>!78.;-!#E,:%0!)D0#.7$!+"%.%6!.%!<$17:.;"$%!+"%>/";:#$!:.-0!?"#807!./0!4,)/0!.-&!707D"#:-&
3K46! *'! &88#"2;$-! *'! 4%#$%"8-! *'! $$82#$%"8-! *'! "<2&#$%%;56! =B(44%8! 7+,! .%0! :80<87:5,! ./0! <$7.(B#/0! ./0
("@"/0!$;<!+7"6!"7-!$;&-!$;;!17$!$2%!F'%4H-!,+/&!.7!("@"7!$;<!17$!$;&!70.$17.7:.(@-170!5#!.-0!+7"()"7E%!$
.%8!("@"%8!<#6.#"%8!.%8!("@"%8!"!.%8!068004#$%"4-!+%8!#E7"5,9%0.7$!17.(!.%!("@"%!4&0!=!"!.%8!D<$%8!12<$17-
17$!:.-0!707$"#.$1;!<D1--!+"%16+.#$!,.$!-!<D1-!<$71,+.#.7$-!#(0!5?>"$!+?"7.%&!.-&!+"%E%"$1;&!:89;.-:-&-!5#.(
.-0! %+%D7! #1<D<#.7$! -! %"$:.$1;! 7+,E7:-! 7+%A$2:#$! 1(+%$%&! 7+,! .%8&! <$7<D1%8&6! 3! <$71%+;! #+?">#.7$! 7+,! .-
)0/:.%+%D-:-!+"%&!.%0!70.D<$1%!.%8!4,)%8!.-&!<$71%+;&!17$!5#!+"%E%"$1;!<;4/:-!:.%!71"%7.;"$%-!+%8!5+%"#D
07!)D0#$!7+,!+",:/+%!<$17$%65#0%!07!#+7074(A#$!.-!<D1-!;!7+,!.%0!+4-"#B%6:$%!;!.%0!0,5$5%!#1+",:/+%!.%8
7+%A$2:70.%&6! =+D! 7+4;&! %5%<$1D7&! -! <$71%+;! #+?">#.7$! 5,0%! /&! +"%&! .%0! 7+%A$2:70.7! %5,<$1%! 17$! <#0
#+-"#(9#$! .-! <D1-! /&! +"%&! .%8&! 4%$+%6&-! ,+/&! .%6.%! :80()#.7$! #B! 70.$<$7:.%4;&! .%8! ("@"%8! $;;! F'%4H! 3! *'
0&2#$%"456!

C.-0! +"%1#D5#0-! +#"D+./:--! -! 707$"#:#D%8:7! 702085-! #.7$"#D7-! 5#! <;4/:-! .%8! +4-"#B%6:$%8! <$1-),"%8! .-&-
+%8!17.7>/"D:.-1#!:.7!.78.("$@57!5#!.-0!+7"%6:7!7+,E7:-!+"71.$1(-!+7"7$.;@-1#!0,5$57!7+,!.%!<$1,)"7E%
.-&!8+,!1"D:-!7D.-:-&!707D"#:-&!/&!+"%&!.%0!<#6.#"%!3Q6!'65-!.?.7".-!702085-!#.7$"#D7!36665!17$!+?5+.-!702085-
#.7$"#D7! 36665! ./0! 707$"#:$A4;./0-! #02+$%0! .%8! H$17:.-"D%8! .%6.%8! 317D.%$! %6.%$! <#0! 14;@-170! 17.(! .-0
:89;.-:-! .-&! 8+%@?:#/&56! '"?+#$-! #+%5?0/&-! 07! @#/"-@#D! +/&! -! #0! 4,)/! 7D.-:-! 707D"#:-&! <#0! 7:1;@-1#! /&
+"%&! 78.%6&! 17$! 07! 7+%""$E@#D! /&! 5-! 0,5$5%! .%! +#"D! .%8! 70.$@?.%8! 7D.-57! ./0! +"2.%8! 17$! ."D.%8! ./0
707$"#:$A4;./06!

AA!6!S#!.-0!8+7!7"$@6!""44#$%"4!%5,E/0-!7+,E7:-!.%8!*$!'%4$.$1%6!G5;57.%&!.%8!*"#D%8!'()%8!+7"7+?5E@-170
:.-0! '4;"-! K4%5?4#$7-! :65E/07! 5#! .7! ("@"7! $0! +7"6$! #<6! )7! .%8! Y6"&4<#"2;;! 17$! 4<0! +7"6$! #<6! A7! .%8! F'%4H-
4,)/!)#0$1,.#"%8!#0<$7E?"%0.%&-!.7!9-.;57.7-!
75!.-&!#1.(:#/&!.-&!:80.7)57.$1;&!+"%:.7:D7&!.-&!#+$1%$0/0D7&-!70!<-47<;!-!+"%:.7:D7!78.;!+#"$%"D9#.7$!:.%
>",0%!.-&!17@!#78.;&!<$#B7)/);&!.-&!#+$1%$0/0D7&!;!#1.#D0#.7$!17$!:.%!5#.7)#0?:.#"%!:.(<$%!78.;&!17$!
A5! 70! -! :80.7)57.$1;! +"%:.7:D7! .-&! #+$1%$0/0D7&! ?>#$! #E7"5%);! 17$! :.-0! +#"D+./:-! +%8! %! #")79,5#0%&-
>"-:$5%+%$20.7&! -4#1."%0$1,! 8+%4%)$:.;! .%8! #")%<,.-! .%8-! <-5$%8")#D! 17$! >"-:$5%+%$#D-! +?"70! .-&
-4#1."%0$1;&! <$#6@80:-&! +%8! ?@#:#! :.-! <$(@#:-! .%8! -! #+$>#D"-:--! +"%:/+$1;! -4#1."%0$1;! <$#6@80:--
475A(0%0.7&! 5?."7! +%8! 7+%14#D%80! .-0! +",:A7:-! :7! 78.;0! %$%8<;+%.#! ."D.%8-! 17$! <7! 78.;&! 7+%:.?44#$! 17$
<?>#.7$!-4#1."%0$1(!5-0657.7!+%8!<#0!7E%"%60!.-0!8+,!:.#0;!?00%$7!$<$/.$1;!.%8!9/;-!744(!7E%"%60!7@?5$.#&
17$!#+$9;5$#&!)$7!.7!:85E?"%0.7!.-&!#+$>#D"-:-&!:.-0!%+%D7!#")(9#.7$!+"(B#$&6!

AAA6!C.-0!+"%1#$5?0-!+#"D+./:--!7+,!.-0!#+$:1,+-:-!./0!<$7<$17:.$120!#))"(E/0!3("@"%!4<"!+7"6$!.%8!F'%4H5
+"%16+.%80! .7! 71,4%8@7! .! 3! #0()%8:7! 17$! ;<-! 707$"#:#D%8:7! 702085-! #.7$"#D7-! 7+,! .%! "2&2
<"7:.-"$%+%$#D.7$! :.-0! =44(<7! :.%0! .%5?7! #5+%"D%8! B84#D7&-! 70.$+"%:/+#6%8:7! 5#)(4%! 7"$@5,! %D1/0! .%8
#B/.#"$1%6! 17$! #$:()#$! :.-0! =44-0$1;! 7)%"(! +%46! 5#)(4%! 5#"D<$%! .-&! #$:7),5#0-&! :.-0! =44(<7! B84#D7&6! G%0
C#+.?5A"$%! 17$! Y%?5A"$%! .%8! $%%<! +7"7$.;@-170! 7+,! .-0! 707$"#:#D%8:7! %$! <6%! +"2.%$! #07),5#0%$! 17$! ;<-
+"2.%$! 707$"#:DA4-.%$-! 7+,! .%8&! %+%D%8&-! %! 5#0! +"2.%&! 7+,! .%! ?.%&! "2;&! 5?>"$! .-0! $2'2'$%%<! ;.70! Q#0$1,&
H$#8@80.;&! .-&! 17$! 7+,! .%! S($%! .%8! "22<! 5?>"$! .-0! $2'2'$%%<! ;.70! 5?4%&! .%8! <$%$1-.$1%6! :85A%84D%8! .-&! 17$
H$#8@60/0!C65A%84%&-!%!<#!<#6.#"%&-!+%8!+"%:4;E@-1#!.%!?.%&!"220-! /&!8+(44-4,&!.-&-!70?47A#!7+,!.%!?.%&
"22<!.-!<$#6@80:-!+/4;:#/0!17$!7+,!.%0!N%60$%!.%8!$%%4!#B#4?)-!17$!<$#.?4#:#-!5?>"$!.-0!"4'""'$%%<-!5?4%&!.%8
<$%$1-.$1%6!:85A%84D%8!.-&6!K$!<6%!78.%D!707$"#:DA4-.%$!+"%:>2"-:70!:.-!:80?>#$7!/&!8L-4,A7@57!:.#4?>-
:#! (44-! #.7$"#D7! #5+%"D7&! B84#D7&-! 70.7)/0$:.$1;! .-&! 707$"#:#D%8:7&-! 17$! ?)$070! %! +"2.%&! +",#<"%&! 17$! %
<#6.#"%&! 70.$+",#<"%&! 78.;&6! K! <#6.#"%&! 707$"#:DA4-.%&-! ,.70! 14;@-1#! 17.(! .-0! 7+%>2"-:;! .%8-! 07
#0-5#"2:#$! 17$! 07! +7"7<2:#$! :.%0! #+,5#0%! )#0$1,! <$#8@80.;! .-&! 707$"#:#D%8:7&! .%! 7">#D%! ./0! :85A(:#/0
+#47.20-!.-!:>#.$1;!744-4%)"7ED7!5#!.%8&!70.$+"%:/+#8%5?0%8&!%D1%8&!17$!.%8&!+#4(.#&-!.$&!+7"7))#4D#&!17$
,47!.7!:>#.$1(!:.%$>#D7-!,+/&!78.(!#D>70!5->70%)"7E-@#D!17$!.6>#$!#+#B#")7:D7&!:.%0!-4#1."%0$1,!8+%4%)$:.;-
+%8!.%8!#D>#!<$7@?:#$!-!707$"#:#D%8:7!17$!;.70!$<$%1.-:D7&!.-&-!7"0;@-1#!1(@#!:80#")7:D7-!8+%:.-"D9%0.7&!,.$
.7!:>#.$1(!7">#D7!<#0!8+;">70!+4?%0-!<$,.$!#D>70!<$7)"7E#D!17$!17.7:."7E#D!7+,!78.,06!G%0!Y%?5A"$%!.%8!$%%<-
."#$&! 7+,! .%8&! :-570.$1,.#"%8&! %D1%8&-! +%8! -! 707$"#:#D%8:7! 70.$+"%:2+#8#! 7+%14#$:.$1(! :.-0! =44(<7-
17.;))#$470! .-0! :80#")7:D7! .%8&! 579D! .-&6! G78.,>"%07-! 7+%E(:$:70! 07! :80#")7:@%60! 5#! .-0! #.7$"#D7! :.-0
%+%D7! #D>70! +"%:>/";:#$! %$! (0/! 707$"#:DA4-.%$6! 3! 707$"#:#D%8:7! 9;.-:#! :.$&! "&'"'$%%&! 7+,! ."#$&! #$<$1%6&
+"7)57.%)025%0#&-! <$7+$:.#85?0%8&! :.%! P+%8")#D%! H$17$%:60-&! )$7! @?57.7! -4#1."%0$1%6! #)14;57.%&-! 07
#+$>#$";:%80!07!7079-.;:%80!17$!07!#+707E?"%80!7+,!.%8&!:14-"%6&!<D:1%8&!./0!#.7$"$120!8+%4%)$:.20!./0
(0/! 707$"#:$A4;./0! .7! <$7)"755?07! 7">#D7! 17$! 07! .7B$0%5;:%80! .7! 7+%.#4?:57.7! :.%8&! 70.D:.%$>%8&
E71?4%8&6!S#.(!7+,!.-!:>#.$1;!?"#807!%$!+"7)57.%)025%0#&!+7"?</:70!:.-0!707$"#:#D%8:7!.%!+,"$:5(!.%8&6
*+,! .%! +,"$:57! +"%?18L#-! 17.(! .%8&! $:>8"$:5%6&! .-&! 707$"#:#D%8:7&-! ,.$! %$! (0/! 707$"#:DA4-.%$-! ;<-! 7+,! .%
$%%8-! +"%?A-:70! :#! :/"#D7! 7@?5$./0! 70.7)/0$:.$120! +"(B#/0! :#! A("%&! .-&! 707$"#:#D%8:7&! <$7! 5?:%8
#.7$"#$20! <$120! .%8&! :85E#",0./0! '5$7&! 18+"$71;&! 17$! 5$7&! #44-0$1;&'! 17$! #D>70! 7+,! ?.%8&! 17$! +4?%0
5#@%<#6:#$!.-0!5#.7+;<-:;!.%8&!:.-0!#44-0$1;!70.7)/0D:."$7!#.7$"#D7-!+7"7:6"%0.#&!:#!78.;0!B?0%8&!%D1%8&-
.%8&!%+%D%8&!70.$+"%:2+#8#!7+%14#$:.$1(!-!707$"#:#D%8:76!C.-!:80?>#$7-!-!707$"#:#D%8:7!(:1-:#!.$&!7+,!""'
4'$%%&! <6%! 7)/)?&! 17.(! ./0! +7"7$.-@?0./0! +"2-0! 8+744;4/0! .-&-! 17.(! .-&! 18+"$71;&! #.7$"#D7&-! 17.(! .-&
#44-0$1;&! 70.7)/0$:.$1;&! #.7$"#D7&! :.-0! %+%D7! 78.%D! +"%:>2"-:70-! 17$! 17.(! ./0! B?0/0! %D1/0! +%8! -
707$"#:#D%8:7! +"%-)%85?0/&! 70.$+"%:2+#8#-! <$#1<$120.7&! 7+%9-5D/:-! 4,)/! 7@#5D.%8! 70.7)/0$:5%6! 17$
4,)/! 718",.-.7&! ./0! )#0%5?0/0! 17.7))#4$20! ./0! :85A(:#/0! #5+%"$1;&! 70.$+"%:/+#D7&6! K$! <6%! 7)/)?&
7+%""DE@-170!5#!.-0!80&%#$%""!7+,E7:-!.%8!'%485#4%6&!'"/.%<$1#D%8!*@-020-!.%!%+%D%!7"0;@-1#!07!4(A#$
8+7! ,L-! .7! 707:8"@?0.7! ?))"7E7! 7+,! .%8&! 8+%4%)$:.?&! ./0! <6%! +"2./0! 707$"#:$A4;./0-! /&! 7+%.#4%60.7
+7"70,5/&! :844#)?0.7! 7+%<#$1.$1(! :.%$>#D76! *1%4%6@/&-! 7:1;@-1#! ?E#:-! 7+,! .-0! 707$"#:#D%8:7! 17$! .%
=E#.#D%-!5#!.-0!+"%:A744,5#0-!7+,E7:;!.%8-!?1"$0#-!,.$!.7!/&!(0/!?))"7E7-!/&!7+%1.-@?0.7!17.(!+7"(A7:-
.%8! 7+%"";.%8! ./0! #+$1%$0/0$20-! :80$:.%60! +7"(0%57! 7+%<#$1.$1(! 5?:7! 17$! <#0! .7! ?47A#! 8+,L-! .%86
=$<$1,.#"7!:#!:>?:-!5#!.%8&!+7"7+#5E@?0.#&!:.-0!K4%5?4#$7!4,)%8&-!.%!=E#.#D%!<?>@-1#-!,.$!-!707$"#:#D%8:7-
)$7! .-0! 7+,<#$B-! ./0! $:>8"$:520! .-&-! +"%:1%5D9#$! 17$! #+$174#D.7$-! #1.,&! ./0! (44/0-! 70.D)"7E7! #1.8+2:#/0
-4#1."%0$120! 7">#D/0! <$7E,"/0! 1#$5?0/0! 17$! 5-085(./0-! .7! %+%D7! -,+/&! 7+%<#$106%0.7$-! 7+,! .-0
+"%:1%5$9,5#0-! 5#! #+D14-:-! 7+,! .-0! 7+,! .-0! D<$7-! ?1@#:-! $<$/.$1;&! +"7)57.%)0/5%:60-&-! 7+%.?4#:70
70.$1#D5#0%! -4#1."%0$1;&! 744-4%)"7ED7&! .%8! <#6.#"%8! 707$"#:DA4-.%8-! 5#! ."D.7-! +4-0! .-&! 707$"#:#D%8:7&-
+",:/+7-! +%8! ?47A#! >2"7! <$75?:%8! +"%:/+$1%6! 4%)7"$7:5%6! .%8! .#4#8.7D%8-! #02! :.-! :80?>#$7
7+%@-1#6@-170! :.%8&! :14-"%6&! <D:1%8&! 8+%4%)$:.20! $<$%1.-:D7&! .-&! 707$"#:#D%8:7&! 7+%14#$:.$1;&! >";:-&
./0! <6%! +"2./0! 707$"#:$A4;./0-! 7+,! ,+%8! 17$! <$7)"(E-170! +"$0! .-0! +7"(<%:-! ./0! 8+%4%)$:.20! :.-0
707$"#:#D%8:7-!,.$!.7!7">#D7!78.(!+#"$;4@70!:.-!)02:-!17$!.-0!17.%>;!.-&!707$"#:#D%8:7&-!>/"D&!.-!:807D0#:-
.%8!<#6.#"%8!707$"#:DA4-.%8!17$!>/"D&!.-0!.;"-:-!.-&!0,5$5-&!<$7<$17:D7&!)$7!.-0!(":-!.%8!7+%"";.%8!./0
#+$1%$0/0$20! 17$! ,.$! 17.7! 71%4%8@D7-! .7! ?))"7E7! 78.(! :80$:.%60! +7"(0%57! 7+%<#$1.$1(! 5?:7! 17$! <#0
475A(0%0.7$!8+,L-6!3!.#4#8.7D7!78.;!7+,E7:-!+4;..#.7$!7+,!.-0!707$"#:#D%8:7-!5#!.-0!8+,!1"D:-!7D.-:--!<6%
#1! ./0! 4,)/0! .-&! %+%D7&! 17$! <-! %$! 7+,! .%! ("@"%! 442! 7"6! "! 17$! ""! )7! F'%4H! 3! ;.%$! )$7! #:E745?0-! #"5-0#D7! .%8
("@"%8!"2!+7"6"!.%8!C80.()57.%&!17$!)$7!+7"(!.%!0,5%!5-!4;L-!8+,L-!./0!(0/!#))"(E/05-!/&!707E#",5#0%$
:#!9;.-57!)#0$1%.?"%8!#0<$7E?"%0.%&!+7"7+?5E@-170!:.-0!+4;"-!K4%5?4#$76

AB6! F7.(! .%! ("@"%! "2! .%8! C80.()57.%&! .! :"6! G%! 7+,""-.%! ./0! #+$:.%420! 17$! .-&! #4#6@#"-&! 70.7+,1"$:-&! ;
#+$1%$0/0D7&! 5#! %+%$%0<;+%.#! (44%! .",+%! #D07$! 7+7"7AD7:.%6! Y,5%&! %"D9#$! .$&! #))8;:#$&! 8+,! .$&! %+%D#&! -
<$17:.$1;! 7">;! <#0! <#:5#6#.7$! 7+,! .%! 7+,""-.%! )$7! 4,)%8&! #@0$1;&! 7:E(4#$7&! ;! )$7! <$71"DA/:-! $<$7D.#"7
:%A7"20! #)14-5(./06! $! 3,+/&! -! +7"()"7E%&! 78.;! +"%:#.?@--! 579D! 5#! .-0! +7"()"7E%! 0-! 5#! .%! 7+,! <'8'$%%"
Z;E$:57! .-&! X>! *07@#/"-.$1;&! T%84;&56! Y,5%&! %"D9#$! .7! :>#.$1(! 5#! .-0! :8)1",.-:--! .-! 4#$.%8")D7! 17$! .$&
7"5%<$,.-.#&! 70#B(".-.-&! 7">;&! +%8! <$7:E74D9#$! .%! 7+,""-.%! .-&! +7"7)"(E%8! "6! 06! *+7)%"#6#.7$! -! >";:-
7+%<#$1.$120! 5?:/0! +%8! ?>%80! 7+%1.-@#D! 17.(! +7"(A7:-! .%8! ("@"%8! 78.%6! 17$! ./0! ("@"/0! 2! 17$! 2*:6
'#"7$.?"/!17.(!.%!("@"%!"!.%8!#1.#4#:.$1%6!.%8!C80.()57.%&!060""4#$%%0!.!:"6!C80$:.(.7$-!17.(!.-0!+7"()"7E%
$!.%8!("@"%8!"2!.%8!C80.()57.%&-!*">;!H$7:E(4$:-&!.%8!*+%"";.%8!./0!=+$1%$0/0$20!3*6H6*6=65-!5#!:1%+,!.-0
+"%:.7:D7! .%8! 7+%"";.%8! ./0! #+$:.%420! 17$! .-&! #4#6@#"-&! 70.7+,1"$:-&! ;! #+$1%$0/0D7&! 5#! %+%$%0<;+%.#
(44%! .",+%:6! '#"7$.?"/! -! :80.7)57.$1;! +"%:.7:D7! .%8! 7+%"";.%8! .-&! #+$1%$0/0D7&! %4%14-"20#.7$! 5#! .-
@?:+$:-!+%$0$120!18"2:#/0!:#!A("%&!./0!+7"7A7.20-!5#!.%!("@"%!0&%!*!.%8!'%$0$1%6!F2<$176!
*+,!.$&!<$7.(B#$&!78.?&!+"%16+.#$!,.$!17.%>8"20#.7$!7+%46./&!-!+"%:.7:D7!.%8!7+%"";.%8!./0!#+$:.%420!17$
.-&!#4#6@#"-&!70.7+,1"$:-&!17$!#+$1%$0/0D7&!5#!%+%$%<;+%.#!.",+%-!,>$!5,0%0!?070.$!./0!<-5%:D/0!%")(0/0
17$! #+$>#$";:#/0-! 744(! 17$! ?070.$! ./0! $<$/.20-! #E,:%0-! 17.(! .-0! ?00%$7! ./0! :80.7)57.$120! 78.20! <$7.(B#/0
.-&!+7"7)"(E%8!$-!5#!78.?&!@#:+D9#.7$!8+%>"?/:-!.%8!1%$0%6!0%5%@?.-!07!475A(0#$!5?."7!<$7:E74D:#/&!.%8
7+%"";.%8!.-&!#+$1%$0/0D7&!17$!?070.$!./0!$<$/.20!3!C.=!"%2"#$%"456!C.-0!?00%$7!.%8!7+%"";.%8!#5+D+.#$!17.7
7">;0!.%!+#"$#>,5#0%!.-&!#+$1%$0/0D7&-!5#!,+%$%!.",+%!17$!70!78.;!<$#B()#.7$6!*0.$1#D5#0%!.-&!:80.7)57.$1;&
+"%:.7:D7&! <#0! #D07$! .%! 5;0857! 17@7! #78.,! 378.,! +"%:.7.#6#.7$! 7+,! .%! ("@"%! "8! .%8! C80.()57.%&6-! +%8
17.%>8"20#$! .-0! #4#8@#"D7! #1E"(:#/&! 17$! <$7<,:#/&! .-&! )025-&5! 744(! .%! 7+,""-.%! .%8! 5-0657.%&6! 3
+"%:.7:D7! .%8! 7+%"";.%8! 7E%"(! ,>$! 5,0%! .7! )"7+.(! 5-0657.7! 3#+$:.%4?&5! 744(! 17$! %+%$7<;+%.#! 5%"E;
$<$/.$1;&-!<-47<;!5-!<-5,:$7&!#+$1%$0/0D7&-!,+/&!.-4#)"7E;57.7-!.-4#E/0;57.7-!.-4#%5%$%.8+$1(!5-0657.7-
-4#1."%0$1(! 5-0657.7! 3(')*+,95-! +%8! #D07$! -! :6)>"%0-! 5%"E;! ./0! #+$:.%4206! F7$! .%6.%-! #D.#! -! #+$1%$0/0D7
+"7)57.%+%$#D.7$!7+,!.-0!17.%$1D7!#D.#!7+,!.%0!>2"%!#")7:D7&!./0!#+$1%$0/0%60./06!

G%!("@"%!"2!+7"6"!.%8!C80.()57.%&!+"%:.7.#6#$!5,0%!.-0!:#+$1%$0/0D7!:#!%$1#$,.-.7!17$!,>$!.-0!#+$1%$0/0D7!:#
<-5%:$,.-.7:6! *0! 17$! >7"71.-"D9#.7$! /&! :7+,48.%:-! .%! 7+,""-.%! 7D"#.7$! 17.(! .%8&! ,"%8&! +%8! @?.#$! -! D<$%
:80.7)57.$1;! <$(.7B-6! G%! 9;.-57! .-&! #1.(:#/&! .-&! :80.7)57.$1;&! +"%:.7:D7&! .-&! #+$1%$0/0D7&-! 70! <-47<;! -
+"%:.7:D7! 78.;! +#"$%"D9#.7$! :.%! >",0%! .-&! 17@! #78.;&! <$#B7)/);&! .-&! #+$1%$0/0D7&! ;! #1.#D0#.7$! 17$! :.%
5#.7)#0?:.#"%!:.(<$%!78.;&-!<#0!?>#$!70.$5#./+$:.#D!7+,!.-!0%5%4%)D7!.%8!*"#D%8!'()%8-!#02!:.-!@#/"D7!?>%80
8+%:.-"$>@#D! <6%! 70.D@#.#&! 7+,L#$&6! C65E/07! 5#! 5D7! (+%L--! +%8! 7+%.#4#D! 5#$%L-ED7-! -! :80.7)57.$1;
+"%:.7:D7!.%8!7+%"";.%8!#1.#D0#.7$!17$!5#.(!.-!4;B-!.-&!#+$1%$0/0D7&!17$!5?>"$!07!#1E"7:.#D!70.D@#.-!@?4-:-
./0! #+$1%$0/0%60./06! G-0! (+%L-! 78.;! 8+%:.-"D9%80! %$! F6! V"8:,)%0%&-! :.%! ?")%! .%8-! *.%5$1(! 17$! F%$0/0$1(
H$17$257.7-!$%%<-!:#46$4<!#+6-!17$!%!C.6!G:718"(1-&-!:.-!5#4?.-!.%8-!G%!7+,""-.%!.-&!#+$1%$0/0D7&-!Y%T!"220-
:#46! 2246! C65E/07! 5#! .-0! (44-! (+%L--! +%8! #D07$! -! 1"7.%6:7! 17$! <?>#.7$! /&! %"@,.#"--! -! :80.7)57.$1;
+"%:.7:D7! .%8! 7+%"";.%8! #0.%+D9#.7$! 17.(! .%! :.(<$%! .-&! #+$1%$0/0D7&-! <-47<;! 17.(! .%0! >",0%! +%8! 78.;
+"7)57.%+%$#D.7$! 17$! 4;)#$! 5#! .-! 4;B-! .-&6! 3! +"%:.7:D7! .%8! 7+%"";.%8! .#4#$20#$! 7+,! .-0! :.$)5;! +%8! %
+7"74;+.-&!4(A#$!)02:-!.%8!+#"$#>%5?0%8!.%8!5-0657.%&6!*+,!.%!>"%0$1,!:-5#D%!4;B-&!.-&!#+$1%$0/0D7&!17$
?+#$.7! 1(@#! :.%$>#D%! 35;0857! 17$! #B/.#"$1(! :.%$>#D75! 5+%"#D! 07! #5+D+.#$! :.%! "8@5$:.$1,! +#<D%! .-&
:80.7)57.$1;&! +"%:.7:D7&! .-&! $<$/.$1;&! 9/;&! 17$! ./0! +"%:/+$120! <#<%5?0/0! 3! ("@"7! 2! 17$! 2! *! .%8
C80.()57.%&-!70.$:.%D>/&!5-!744(!<#0!1746+.#.7$!+4?%0!7+,!.-0!:80.7)57.$1;!+"%:.7:D7!.%8!7+%"";.%86!G%6.%
<?>%0.7$! 7+,! +74$(! -! :80.7)57.$1;! @#/"D7! 17$! -! 0%5%4%)D7! :.-0! =44(<7! 17$! :#! (44#&! #8"/+7J1?&! >2"#&! 3! A46
5#.7B6! (44/0-! Y6Y6! C7"D+%4%-! C6:.-57! C80.7)57.$1%6! H$17D%8! .-&! =44(<%&-! "2$0! :#46! "8<'"8&-! *"6! S(0#:--
C80.7)57.$1(! <$17$257.7-! *7! *.%5$1?&! #4#8@#"D#&-! <7! ?1<%:--! "2;$-! :#46! $0$! #+6-! '6! H7).,)4%8-! C80.7)57.$1,
HD17$%-! *.%5$1(! <$17$257.7-! $%"$-! <7! ?1<%:--! :#46! 040! #+6-! Y6! '7+7<,+%84%-! '"%:.7:D7! .%8! 7+%"";.%8! .-&
#+$1%$0/0D7&-!="5-0#8.$1;!+"%:?))$:-!.%8!("@"%8!"2!.%8!C80.()57.%&-!Y%5$1;!T$A4$%@;1-!$%%;-!:#46!02%!#+6-
'706!G:D"--!3!:80.7)57.$1;!17.%>6"/:-!.%8!<$17$257.%&!.%8!7+%"";.%8!.-&!#+$1%$0/0D7&-!$%%$-!:#46!"%%'"%"-
Y6F6! *4$A$9(.%-! :.-! Q0/5%<,.-:;! .%8! 7+,! "&6"%6$%""56! I.:$! 17$! .7! -4#1."%0$1(! 5-0657.7-! +%8! ,+/&
+"%707E?"@-1#!#5+D+.%80!17$!78.(!:.%!7+,""-.%!./0!70.7+%1"D:#/0-!+"%:.7.#6%0.7$!17.(!.-0!+7"()"7E%!"
.%8! ("@"%8! "2! C80.()57.%&! 5,0%! 17.(! .%! :.(<$%! .-&! #+$1%$0/0D7&6! S#.(! .-0! %4%14;"/:;! .-&-! -4#1."%0$1(
5-0657.7!+%8!<$7.-"#D!%!7+%:.%4?7&!;!%!+7"74;+.-&!.%8&!:#!.8+/5?0-!5%"E;!;!:.%0!8+%4%)$:.;!.%8-!>/"D&
>";:-!1/<$1%6!+",:A7:-&-!<#0!#5+D+.%80!:.%!+"%:.7.#8.$1,!+#<D%!.%8!("@"%8!"2!+7"6"!C80.()57.%&-!744(!:#
#1#D0%! ./0! <$7.(B#/0! 2! 17$! 2! *! .%8! C80.()57.%&6! =$<$1(! )$7! .7! -4#1."%0$1(! 5-0657.7! 17$! .%! ,.$! 78.(! <#0
1746+.%0.7$!7+,!.$&!#))8;:#$&!.%8!7+%"";.%8-!5#.(!.-0!70()0/:;!.%8&-!?>#$!#1<%@#D!-!7+,!$'0'$%%<!7+,E7:-
.%8! Q#"570$1%6! C80.7)57.$1%6! H$17:.-"D%8-! :65E/07! 5#! .-0! %+%D7! .7! #0! 4,)/! 5-0657.7-! 7+,! .-! :.$)5;! +%8
?>%80! 7+%@-1#8@#D! :.%0! -4#1."%0$1,! 8+%4%)$:.;! .%8! +7"74;+.-! .%8&! <#0! +"%:.7.#6%0.7$! 7+,! .%! 7+,""-.%
./0! #+$1%$0/0$20! 3("@"%! "%! +7"6"! .%8! U#5#4$2<%8&! Y,5%8! .-&! T,00-&5-! 744(! 5#! A(:-! .%! <$17D/57! .%8
+4-"%E%"$71%6!78.%17@%"$:5%6!3("@"%!"!+7"6"!17$!$!+7"6"!.%8!U#5#4$2<%8&!Y,5%8!.-&!T,00-&56!*0.$@?./&-!.%
+"%J,0! .-4#E/0$1;&! 8+%14%+;&-! ,+/&! ?>#$! 7+%.8+/@#D! :#! 57)0-.%.7$0D7-! #5+D+.#$! :.-0! 7+7),"#8:-! .%8
("@"%8! "2! +7"6"! .%8! C80.()57.%&-! <$,.$! <#0! 5+%"%6:#! 07! :844#)#D! +7"(! 5,0%! 17.(! .-! <$("1#$7! .-&
#+$1%$0/0D7&-!17$!)$7!.%!4,)%!78.,0!17$!-!78:.-";!5#.7>#D"$:-!.-&!>";:-&!17$!#$<$1,.#"7!.-&!7075#.(<%:-&!.%8
+"%J,0.%&! 8+%14%+;&! ,>$! 5,0%! .-! :.$)5;! +%8! 78.;! +"7)57.%+%$#D.7$! -744(! 17$! +%46! 5#.7)#0?:.#"76! Y7
:-5#$/@#D! .?4%&! ,.$! :.-0! 8+7! 7"$@6! <#$%%;! Q0/5%<,.-:;! .%8! %! =$:7))#4?7&! .%8! *"#D%8! '()%8! <?>#.7$! ,.$! %
:14-",&! <D:1%&! #0,&! 8+%4%)$:.;! <#0! 7+%.#4#D! #D<%&! #+$1%$0/0D7&! 17$! ,.$-! :80#+2&-! .7! :.%$>#D7! .7! %+%D7
A"D:1%0.7$! 7+%@-1#85?07! :.%! :14-",! <D:1%! -4#1."%0$120! 8+%4%)$:.20! <#0! #5+D+.%80! :.-0! +"%:.7.#8.$1;
:E7D"7!.%8!7+%"";.%8!.-&!#+$1%$0/0D7&6
C.-0!+"%1#$5?0-!+#"D+./:--!.7!7079-.-@?0.7!17$!#+70#E#"@?0.7!3707:8"@?0.75!7">#D7-!<#0!8+#14(+-:70!17.(
.-0!<$("1#$7!#+$1%$0/0D7&!17$!<#0!7E7$"?@-170!7+,!+"%:/+$1,!-4#1."%0$1,!7">#D%!./0!+7"7$.-@?0./0!+"2-0
8+744;4/0! .-&! 707$"#:#D%8:7&! #.7$"#D7&! 5#! <$(""-B-! 58:.$1%6! 1/<$1%6! +",:A7:-&-! 744(! 7+,! .%0! :14-",
<D:1%! ./0! #.7$"$120! 8+%4%)$:.20-! +%8! 78.%D! >"-:$5%+%$%6:706! F7$! .%6.%-! 5#.(! .-0! ("0-:;! .%8&! 07
+7"7<2:%80!:.-0!707$"#:#D%8:7!.7!:>#.$1(!?))"7E7''#D.#!.8+/5?07!#D.#!/&!-4#1."%0$1(!7">#D7''!+"%1#$5?0%8
-!.#4#8.7D7!07!:80#>D:#$!7+",:1%+.7!.-0!#+$>#$"-57.$1;!<"(:-!.-&6
C80#+2&!8+,!.7!<#<%5?07!78.(-!.7!#+D57>7!7">#D7!<#0!1746+.%0.70!7+,!.%!7+,""-.%!./0!70.7+%1"D:#/0!17$
<#0!#0?+$+.70!:.%!+#<D%!#E7"5%);&!.-&!+7"7)"(E%8!"!.%8!("@"%8!"2!.%8!C80.()57.%&6!

B6!'#"7$.?"/-!#+$1%8"$1(-!)$7!.7!9-.;57.7-!
75! 70! .7! /&! (0/! #+D57>7! 707:8"@?0.7! 7">#D7! 17$! .7! -4#1."%0$1(! 5-0657.7! 1746+.%0.7$! 7+,! .%! <$17D/57! .-&
$<$/.$1;&! 9/;&! 17$! .-0! +"%:.7:D7! ./0! +"%:/+$120! <#<%5?0/0! 17$! A5! 70! -! :80.7)57.$1;! +"%:.7:D7! .-&
$<$/.$1;&!9/;&!17$!./0!+"%:/+$120!<#<%5?0/0!?>%80!#E7"5%);!17$!:.-0!(0/!+#"D+./:-!+%8!.7!707:8"@?0.7
7">#D7!17$!.7!-4#1."%0$1(!5-0657.7!<#0!7E7$"?@-170!7+,!+"%:/+$1,!-4#1."%0$1,!7">#D%!./0!+7"7$.-@?0./0
+"2-0! 8+744;4/0! .-&! 707$"#:#D%8:7&! #.7$"#D7&! 5#! <$(""-B-! 58:.$1%6! 1/<$1%6! +",:A7:-&-! 744(! 7+,! .%0
:14-",! <D:1%! ./0! #.7$"$120! 8+%4%)$:.20-! +%8! 78.%D! >"-:$5%+%$%6:70! 17$! .7! %+%D7! 3-4#1."%0$1(! 5-0657.7! 5
7E%"%60!7@?5$.#&!17$!#+$9;5$#&!)$7!.7!:85E?"%0.7!.-&!#+$>#D"-:-&!:.-0!%+%D7!#")(:@-170!+"(B#$&-!+"?+#$!07
4#>@%60!.7!#B;&.!"6!F7.(!.-0!+7"()"7E%!"!.%8!("@"%8!2!.%8!C80.()57.%&!.!:3!17.%$1D7!.%8!17@#0,&!#D07$!(:84%6
3! $<$/.$1;! 17$! %$1%)#0#$71;! 9/;! .%8! 7.,5%8! #D07$! 7+7"7AD7:.-6! F75D7! ?"#807! <#0! )D0#.7$! :#! 17.%$1D7-! +7"(
5,0%!,.70!17$!,+/&!%"D9#$!%!0,5%&!17$!+(0.%.#!5#!.-0!+7"%8:D7!#1+"%:2+/0!.-&!<$17:.$1;&!#B%8:D7&:6!=B(44%8-
17.(! .%! ("@"%! ;! .-&! =8"/+7J1;&! C65A7:-&! H$17$/5(./0! .%8! *0@"2+%8! 3=CH*5-! -! %+%D7! 18"2@-1#! 5#! .%! 06<6
40#"2&8! 17$! ?>#$! 8+#"0%5%@#.$1;! $:>6! -:65E/07! 5#! .%! ("@"%! $;! +7"6"! .%8! C80.()57.%&! .! :F(@#! +",:/+%
<$17$%6.7$!:.%!:#A7:5,!.-&!$<$/.$1;&!17$!%$1%)#0#$71;&!9/;&!.%8-!.-&!17.%$1D7&!.%8!17$!.-&!744-4%)"7ED7&!.%86
H#0!#+$."?+#.7$!#+?5A7:-!<-5%:D7&!7">;&!:.-0!(:1-:-!.%8!<$17$257.%&!78.%6!+7"(!5,0%!:.%!5?."%!+%8!78.;
-! #+?5A7:-! +"%A4?+#.7$! 8+,! .%8! 0,5%8! 17$! 7+%.#4#D! 5?."%! .%! %+%D%-! :#! 5$7! <-5%1"7.$1;! 1%$0/0D7-! #D07$
707)17D%!<$7!.-0!#@0$1;!7:E(4#$7-!.-0!<-5%:D7!7:E(4#$7-!.-0!%$1%0%5$1;!#8-5#"D7!.-&!>2"7&-!.-0!+"%(:+$:-
.-&!.(B-&!17$!.-0!+",4-L-!+%$0$120!7<$1-5(./0-!.-0!+"%:.7:D7!.-&!8)#D7&!;!.-&!-@$1;&-!;!.-0!+"%:.7:D7!./0
<$17$/5(./0!17$!#4#8@#"$20!(44/0:6!

*+,! .$&! <$7.(B#$&! 78.?&! +"%16+.#$! ,.$! -! +"%:.7:D7! .-&! $<$/.$1;&! 9/;&! +#"$475A(0#$! .-0! $<$/.$1;! 17$
%$1%)#0#$71;! 9/;! .%8! 7.,5%86! F7.7! 70.$<$7:.%4;! +"%&! .-0! 1%$0/0$1;! 9/;! .%8! 7.,5%8-! /&! $<$/.$1;! 9/;! .%8
0%#D.7$!.%!:60%4%!./0!:>?:#/0!17$!./0!<"7:.-"$%.;./0!.%8!#1#D0/0!+%8!.%!D<$%!@?4#$!07!1"7.;:#$!571"$(!7+,
.-! <-5%:$,.-.7-! #D.#! 7+%14#$:.$1(! )$7! .%0! #78.,! .%8-! #D.#! )$7! ?070! :.#0,! 1614%-! .%0! %+%D%! %! D<$%&! 1(@#! E%"(
+"%:<$%"D9#$6! I.:$-! #1.,&! 7+,! .-0! #"/.$1;! 9/;-! .7! 9-.;57.7! 8)#D7&! 17$! .-0! %$1%)#0#$71;! 9/;! .%8! 7.,5%8-! +%8
A"D:1%0.7$! :.%0! +8";07! .%8! +"%:.7.#8.?%8! <$17$257.%&-! :.-0! ?00%$7! .-&! $<$/.$1;&! 9/;&! #5+D+.#$! ?07&
#8"6.#"%&! 1614%&! 8+%@?:#20! .%8-! %! %+%D%&! #0<?>#.7$! 07! :85+4?1#.7$! 17$! 5#! .-0! #+7))#457.$1;! 9/;6! I.:$! .%
=8"/+7J1,!H$17:.;"$%!.%8!C."7:A%6")%8!?>#$!1"D0#$!,.$!.7!.-4#E/0;57.7!17$!-!-4#1."%0$1;!744-4%)"7ED7!7+,
.%0!>2"%!.-&!<%84#$(&!#0<?>#.7$!07!@#/"-@%60!$<$7D.#"#&!#1E(0:#$&!.-&!$<$/.$1;&!9/;&!.%8!#")79%5?0%8!17$!07
+"%:.7.#6%0.7$!7+,!.%!("@"%!;!.-&!=CH*6!G%!D<$%!17$!.%!H$17:.;"$%!.-&!=8"/+7J1;&!I0/:-&!3H==-!+"2-0!H=F5-
+%8-!#02!:.-0!7">;!3!"2;25!#D>#!7+%E70@#D!,.$!.%!70.$1#D5#0%!.-&!+"%:.7:D7&!.%8!("@"%8!;!.-&!=CH*!:7E%"(!.%
+#<D%! .-&! 70(+.8B-&! .-&! +"%:/+$1;&! #4#8@#"D7&! .%8! 7.,5%8! 17$-! #+%5?0/&-! <#0! 5+%"#D! 07! #+#1.7@#D! :.%8&
>2"%8&!#5+%"$120!<"7:.-"$%.;./0:-!:.-!:80?>#$7!3!$%%;5!+"%:?))$:#!.-0!/&!(0/!7+,E7:-!.%8!H$17:.-"D%8!.%8
C."7:A%6")%86! C.-0! +"%1#$5?0-! +#"D+./:--! .7! 707:8"@?0.7! 7">#D7-! +#"$#4(5A7070! ,>$! 5,0%0! ?))"7E7! .-&
#")%<,."$7&! 707$"#:#D%8:7&-! 744(! 17$! 3+"%:/+$1(5! -4#1."%0$1(! 5-0657.7! 17$! #+$:.%4?&-! .$&! %+%D#&! #D>70
7+#8@60#$! +"%&! ."D.%8&''+#4(.#&! .-&! 707$"#:#D%8:7&-! 70.7)/0$:.?&! .-&-! 744(! 17$! 70.$+"%:/+#8%5?0%8&! 7+,
78.;0''%$! +7"7$.-@?0.#&! +"2-0! 8+(44-4%D! .-&-! +"%#.%$5(9%0.7&! .-0! 7+%>2"-:;! .%8&6! *0! 17$! :.#0(
:80<#<#5?0-! 5#! .-0! #5+%"$1;! 17$! .-0! #0! )?0#$! #+$>#$"-57.$1;! <"7:.-"$,.-.7! .-&! 707$"#:#D%8:7&-! -! :>#.$1;
744-4%)"7ED7!#D07$!:+"%:/+$1;:!:$<$/.$1;:-!<-47<;!#5+D+.#$!:.-0!?00%$7!.-&!:$<$/.$1;&!9/;&:6!F7$!.%6.%-!)$7!.%
4,)%! ,.$! -! #0! 4,)/! 744-4%)"7ED7! 7+?A4#+#! :.-0! #B8+-"?.-:-! ./0! +"%:/+$120! :85E#",0./0! ./0
+7"7$.-@?0./0!8+744;4/0!3#$&!A("%&!A?A7$7!./0!:85E#",0./0!.-&!.#4#8.7D7&56
C80#+2&! 8+,! .7! <#<%5?07! 78.(-! .7! #+D57>7! 7">#D7! 707E?"%0.7$! :.-0! $<$/.$1;! 9/;! ./0! 707$"#:$A4;./0! 17$
#5+D+.%80!:.%!+#<D%!#E7"5%);&!.%8!("@"%8!2!+7"6"!.%8!C80.()57.%&!17$!;!.-&!=CH*6
$6!F7.(!.%!("@"%!2!*!.%8!C80.()57.%&-!+%8!+"%:.?@-1#!17.(!.-0!707@#2"-:-!.%8!$%%"-!+"%&!#07"5,0$:-!+"%&
.%! =8"/+7J1,! <D17$%! .! :F7@?07&! ?>#$! <$17D/57! +"%:.7:D7&! 7+,! .-! :844%);-! #+#B#")7:D7! 17$! >";:--! $<D/&! 5#
-4#1."%0$1(! 5?:7-! ./0! +"%:/+$120! .%8! <#<%5?0/0! -,+/&! 0,5%&! %"D9#$6! 3! +"%:.7:D7! ./0! +"%:/+$120
<#<%5?0/0! <$7:E74D9#.7$! 7+,! 70#B(".-.-! 7">;! -+%8! :8)1"%.#D.7$! 17$! 4#$.%8")#D-! ,+/&! 0,5%&! %"D9#$:6! S#! .%
("@"%! 78.,! 17.%>8"20#.7$! .%! <$17D/57! :.-0! +"%:.7:D7! ./0! +"%:/+$120! <#<%5?0/0-! ;.%$! .%! <$17D/57! .%8
4#),5#0%8! :+4-"%E%"$71%6! 78.%17@%"$:5%6:! ;! :78.%<$(@#:-&! ./0! +4-"%E%"$20:6! M&! .?.%$7! <#! <#<%5?07
@#/"%60.7$! ,>$! 5,0%0! #1#D07! +%8! 707E?"%0.7$! :.-0! $<$/.$1;! 9/;-! 744(! 17$! #1#D07! +%8! +"%%"D9%0.7$! )$7
#B/.#"D1#8:-! :.-! <-5,:$7! :E7D"7-! #02-! #B(44%8-! -! +"%:.7:D7! 707E?"#.7$! ,>$! 5,0%! :.-0! #+#B#")7:D7! ./0
:.%$>#D/0! 78.20! 7+,! 1"7.$1(! ,")707-! 744(! 17$! 7+,! $<$2.#&! 3! C.=! "<"<#$%"$56! G%! (.%5%! <$17$%6.7$! +4?%0! 07
#4?)>#$!17$!07!17@%"D9#$!.%0!.",+%!:844%);&!17$!#+#B#")7:D7&!./0!+4-"%E%"$20!+%8!.%!7E%"%60-!17$!.%6.%-!5#
.-0! #))6-:-! 17$! :80<"%5;! 5$7&! 70#B(".-.-&! 7">;&! #+$E%".$:5?0-&! 5#! 78.;0! 71"$A2&! .-0! 7"5%<$,.-.7-! .-&
*">;&! '"%:.7:D7&! H#<%5?0/0! '"%:/+$1%6! >7"71.;"7-! -! %+%D7! +#"$475A(0#.7$! :.$&! +?0.#! 70#B(".-.#&! 7">?&
+%8!17.%>8"20#$!"-.(!.%!C60.7)576!C65E/07!5#!.%0!06!$8&$#"22&!:'"%:.7:D7!.%8!7.,5%8!7+,!.-0!#+#B#")7:D7
<#<%5?0/0! +"%:/+$1%6! >7"71.;"7:-! +"%:.7.#8.?7! +"%:/+$1(! <#<%5?07! #D07$! 5,0%0! ,:7! 707E?"%0.7$! :#
E8:$1(!+",:/+76!G%6.%!+"%16+.#$!7+,!.$&!+#"6!375!17$!3)5!70.$:.%D>/&!.%8!("@"%8!$!.%8!06$8&$#"22&-!%$!%+%D#&
%"D9%80! /&! +"%:/+$1(! <#<%5?07! :1(@#! +4-"%E%"D7! +%8! 707E?"#.7$! :.%! 8+%1#D5#0%! ./0! <#<%5?0/0:! 17$! /&
:8+%1#D5#0%!./0!<#<%5?0/0:-!:.%!E8:$1,!+",:/+%!:.%!%+%D%!707E?"%0.7$!.7!<#<%5?07:6!=B(44%8-!:65E/07!5#
.%! ("@"%! $! +#"6! <7! .%8! (0/! 06! $8&$#"22&! /&! :#+#B#")7:D7:! <#<%5?0/0! +"%:/+$1%6! >7"71.;"7! 0%#D.7$! :1(@#
#")7:D7! ;! :#$"(! #")7:$20-! ,+/&! -! :844%);-! -! 17.7>2"$:--! -! %")(0/:--! -! <$7.;"-:--! -! 7+%@;1#8:--! -
."%+%+%D-:--! -! #B7)/);-! -! >";:--! -! <$7ADA7:--! -! <$(<%:-! ;! 1(@#! (44-&! 5%"E;&! <$(@#:--! -! :8:>?.$:-! ;! %
:80<87:5,&-!-!<$7:60<#:--!-!<?:5#8:-!314#D</575-!-!<$7)"7E;-!-!17.7:."%E;:!3*'!8&8#$%"<56!Y7!:-5#$/@#D!,.$
:.-0! +"%1#$5?0-! +#"D+./:--! ?>#$! #E7"5%);! %! (0/! 06! $8&$#"22&! 17$! ,>$! %! 06! 08&"#$%%<! :'"%:.7:D7! <#<%5?0/0
+"%:/+$1%6! >7"71.;"7! 17$! .-&! $<$/.$1;&! 9/;&! :.%0! .%5?7! ./0! -4#1."%0$120! #+$1%$0/0$20! 666:-! %! %+%D%&! :.%
("@"%!0!5#!.D.4%!:'#<D%!=E7"5%);&:-!,+/&!-!+7"6"!70.$17.7:.(@-1#!5#!.%!("@"%!"<2!Y68%&%#$%"$-!%"D9#$!.!:"6!K$
<$7.(B#$&! ./0! ("@"/0! "! ?/&! "&! .%8! +7",0.%&! 0,5%8! ?>%80! #E7"5%);! 17.(! .-0! #+#B#")7:D7! <#<%5?0/0
+"%:/+$1%6! >7"71.;"7! 17$! .-! <$7:E(4$:-! .%8! 7+%"";.%8! ./0! #+$1%$0/0$20-! :.%! +47D:$%! .-&! +7"%>;&
<$7@#:D5/0! :.%! 1%$0,! 8+-"#:$20! -4#1."%0$120! #+$1%$0/0$20! :#! <-5,:$7! <D1.87! -4#1."%0$120! #+$1%$0/0$20
+#"$475A70%5?0/0! 78.20! +%8! 8+%:.-"D9%80! :8:1#8?&! :844%);&! <#<%5?0/0! 17$! .78.%+%D-:-&6! Q$7! .-0
#+#B#")7:D7! <#<%5?0/0! +"%:/+$1%6! >7"71.;"7! +%8! +"7)57.%+%$#D.7$! :.%! +47D:$%! 5-! <$7@#:D5/0! :.%! 1%$0,
<$1.6/0!17$!8+-"#:$20!-4#1."%0$120!#+$1%$0/0$20-!#E7"5,9#.7$!%!06!$8&$#"22&-!,+/&!$:>6#$6!$6!K!06!$8&$#"22&-
,+/&! $:>6#$-! 17$! %$! #1.#4#:.$1%D! .%8! ("@"%8! "2! .%8! C80.()57.%&! 0,5%$-! ,+/&! $:>6%80-! #E7"5,9%0.7$! )$7! 1(@#
9;.-57! :>#.$1,! 5#! .-0! +7"%>;! 8+-"#:$20! -4#1."%0$120! #+$1%$0/0$20-! +%8! <#0! "8@5D9#.7$! #$<$1,.#"7! 7+,! .%0
+7",0.7! 0,5%:6! C.-0! +"%1#$5?0-! +#"D+./:--! %$! +4-"%E%"D#&-! +%8! +#"$475A(0%0.7$! :.7! /&! (0/! 7">#D7-! +%8
707:6"@-170! 7+,! .%8&! #.7$"$1%6&! 8+%4%)$:.?&! .%8&! %+%D%8&! >"-:$5%+%$%6:70! %$! +"2-0! +7"7$.-@?0.#&
8+(44-4%$-! 70! 17$! 7E%"%6:70! 17$! .-0! #+$>#$"-57.$1;! <"(:-! .-&! #")%<,."$7&! 707$"#:#D%8:7&! #.7$"#D7&! 17$! .$&
8+%@?:#$&!.-&-!:80$:.%60!+"%:/+$1(!<#<%5?07!./0!8+744;4/06!F7$!.%6.%-!)$7!.%!4,)%!,.$!-!-4#1."%0$1;!78.;
744-4%)"7ED7!17$!70.7447);!./0!1"$:D5/0!+4-"%E%"$20!#B8+-"#.#D!+"%#>,0./&!.7!+"%:/+$1(!:85E?"%0.7!17$
:>?<$7!./0!8+744;4/06
C80#+2&-!.7!#+D57>7!7">#D7!+"?+#$!07!>7"71.-"$:@%60!/&!+"%:/+$1(!<#<%5?07!./0!8+744;4/0!17$!#5+D+.%80
:.%!+#<D%!#E7"5%);&!.%8!("@"%8!2!*!.%8!C80.()57.%&!06G7!<$17$257.7!.-&!$<$/.$1;&!9/;&!17$!.-&!+"%:.7:D7&
./0! +"%:/+$120! <#<%5?0/0-! <#0! #D07$! 7+,48.76! [+/&! 17$! 1(@#! (44%! :80.7)57.$1,! <$17D/57-! 5+%"%60! 07
+#"$%"$:@%60! 70! :80."?>%80! :%A7"%D! 4,)%$! <-5,:$%8! :85E?"%0.%&! 17$! 70! -! (:1-:;! .%8&! +"%:A(44#$! .7
<$17$257.7!./0!(44/06!F7$!.%6.%-!8+,!.%0!,"%!,.$!<#0!+7"7A$(9#.7$!-!7">;!.-&!7074%)$1,.-.7&-!.-0!%+%D7!.%
("@"%! $4! +7"6"! .%8! C80.()57.%&! 17.%>8"20#$! +4?%0! "-.(-! %"D9%0.7&! :G7! <$17$257.7! .%8! 70@"2+%8! 666.#4%60
8+,! .-0! #))6-:-! .%8! 1"(.%8&6! [47! .7! 1"7.$1(! ,")707! 8+%>"#%60.7$! 07! <$7:E74D9%80! .-0! 70#5+,<$:.-! 17$
7+%.#4#:57.$1;! (:1-:;! .%8&6! G7! <$17$257.7! 78.(! $:>6%80! 17$! :.$&! :>?:#$&! 5#.7B6! $<$/.20! :.$&! %+%D#&
+"%:$<$(9%806!K$!1(@#!#D<%8&!+#"$%"$:5%D6666+"?+#$!07!+"%A4?+%0.7$!#D.#!7+#8@#D7&!7+,!.%!C60.7)57!#D.#!7+,!.%
0,5%66617$!07!:?A%0.7$!.-0!7">;!.-&!7074%)$1,.-.7&:6!=B(44%8-!)$7!07!#D07$!0,5$5%$!%$!+#"$%"$:5%D!./0!7.%5$120
<$17$/5(./0-!@7!+"?+#$!07!#D07$!70.$1#$5#0$1%D!17$!7+",:/+%$!17$!07!+"%A4?+%0.7$!7+,!.%0!0,5%-!%!%+%D%&!<#0
>"#$(9#.7$!07!#D07$!.8+$1,&6!

G?4%&-! .7! 7.%5$1(! <$17$257.7! <#0! +"%:.7.#6%0.7$! 5,0%0! ?070.$! .-&! +%4$.#D7&! 17$! ./0! %")(0/0! .-&-! 744(! 17$
?070.$! $<$/.20! +%8! .7! +"%:A(44%80-! 7E%6! +4?%0-! 17.(! .-0! /&! (0/! +7"()"7E%! "! .%8! /&! (0/! ("@"%8! $4! .%8
C80.()57.%&-!:.7!<$17$257.7!$:>6%80!17$!:.$&!:>?:#$&!5#.7B6!$<$/.20!:.$&!%+%D#&!+"%:$<$(9%80:6!'",1#$.7$!)$7
.-0!4#),5#0-!:."$.#0?")#$7:!./0!:80.7)57.$120!<$17$/5(./0-!:.-0!%+%D7!#5+D+.#$!17.7!#B%>;0!-!:>?:-!#")%<,.-
17$! #")79%5?0%86! F7.(! +()$7! +4?%0! 0%5%4%)D7! -%! !"#$%&! '()%&! <?>#.7$! ,.$-! 17.7! 70.$<$7:.%4;! +"%&! .-0
+"%:/+$1;! 17$! $<$/.$1;! 9/;-! -! #1.?4#:-! ./0! 8+-"#:$7120! 17@-1,0./0! .%8! 8+744;4%8! 5+%"#D! 07! 7+%.#4?:#$
70.$1#D5#0%! #4?)>/0-! %$! %+%D%$-! #1.,&! #")7:D7&! @7! ;.70! 70#+D."#+.%$6! I.:$-! ,+/&! ?>#$! 1"$@#D-! #D07$! @#5$.;! -
57)0-.%:1,+-:-! .75$20! 17.7:.;57.%&! #0! 2"7! #")7:D7&-! <$,.$! -! #")7:D7! .-0! %+%D7! 78.%D! +7"?>%80! 8+,1#$.7$
:.%0! ?4#)>%! .%8! #")%<,.--! <#<%5?0%8! ,.$! -! +7"7+(0/! 57)0-.%:1,+-:-! <#0! 70()#.7$! :.-0! :E7D"7! .-&
+"%:/+$1;&!17$!$<$/.$1;&!9/;&!./0!#")79%5?0/0!3!*'!;&8#$%%8-!-!%+%D7!7E%"(!.-!)0/:.;!8+,@#:-!8+#B7D"#:-&
>"-5(./0! 7+,! .%! +7)1("$! .%8! $#"%6! 07%6! +"%:180;57.%&! 66656! '"%&! .-0! D<$7! 17.#6@80:--! .%! =8"/+7J1,
H$17:.;"$%!H$17$/5(./0!.%8!*0@"2+%8!3=HH*5!?>#$!1"D0#$!,.$-!:.%!+47D:$%!.-&!4#$.%8")D7&!.-&!#+$>#D"-:-&!17$-
#$<$1,.#"7-! :.%0! >2"%! #")7:D7&-! #D07$! #+$."#+.?&! +$%! #1.#.75?0#&! #+#5A(:#$&! :.-0! $<$/.$1;! 9/;! ./0
#")79%5?0/0! 7+7! ,-.$! #1.,&! 78.%66! '#"7$.?"/-! 17.(! .%! ("@"%! "! .%8! 06! "8<#"2"8! +#"D! 7@#5D.%8! 70.7)/0$:5%6
:7+7)%"#6#.7$!17.(!.7&!#5+%"$1(&-!A$%5->70$1(&!;!)#/")$1(&!:807447)(&!+(:7!+"%&!.%0!:1%+,0!70.7)/0$:5%6
)#0%5?0-! +"(B$&! 70.$1#D5#0-! #$&! .7! >"-:.(! ;@-6! K! +7"7A(.-&! <607.7$! 07! #07>@#D! +"%&! +7"(4#$L$0! 17$! +"%&
70,"@/:$0!.-&!+"%:)#0%5?0-&!9-5D7&:6!*+,!.-!<$(.7B-!78.;!+"%16+.#$!,.$-!)$7!.-0!#E7"5%);!.-&!7+7$.#D.7$!-
+"(B-! 7E#0,&! 07! ?)$0#! +"%&! .%! :1%+,! 70.7)/0$:5%6! 17$! 7E#.?"%8! 07! 70.D1#$.7$! :.7! >"-:.(! ;@--! /&! 1"$.;"$%
./0! %+%D/0! >"-:$5#6%80! %$! $<?#&! .%8! 5?:%8! 1%$0/0$1%6! 70@"2+%8! +%8! 17.(! .-! )#0$1;! 70.D4-L-! :1?+.#.7$! 5#
>"-:.,.-.7! 17$! E",0-:-! 3K4*'! $#$%%;-! *'! 22"#$%"8! -*'! $82#$%"856! M:.,:%! -! ?00%$7! ./0! >"-:.20! -@20! <#0
5+%"#D!:.%!<D17$%!.%8!7@?5$.%8!70.7)/0$:5%6!07!7+->#D!70.$4;L#$&!1%$0/0$1;&!5,0%0!-@$1;&-!744(!%E#D4#$!07
<$75%"E20#.7$! 5#! A(:-! 18"D/&! .$&! %$1%0%5$1?&! 17$! 4%$+?&! :80@;1#&! .-&! :8)1#1"$5?0-&! 7)%"(&! :.%! +47D:$%
:.(@5$:-&! ./0! 70.D@#./0! :85E#",0./0! +%8! 174#D.7$! %! 0,5%&! 07! +"%:.7.#6:#$! 7+,! 7@?5$.#&! 70.7)/0$:.$1?&
:85+#"$E%"?&-! <$7:E74D9%0.7&! ?.:$! 7+%.#4#:57.$1(! 17$! .-0! #))8-5?0-! 7+,! .%! ("@"6! 4="! .%8! C80.()57.%&
%$1%0%5$1;! #4#8@#"D76! *0.$1#D5#0%! <-47<;! +"%:.7:D7&! <#0! #D07$! 5,0%0! .%! :85E?"%0! ./0! 70.7)/0$:.20! :.-0
7.%5$1;! <$(:.7:;! .%8-! 744(! 17$! .%! :85E?"%0! ./0! 17.7074/.20! 17$! 17.>! #+?1.7:-! -! 4#$.%8")D7! .-&! D<$7&! .-&
7)%"(&! 3*'! 22"#$%"856! *+,! .$&! <$7.(B#$&! ./0! ("@"/0! <4$! 17$! $;;! *F! 17$! "<! .%8! 06! "8<#"2"8! +"%16+.#$! ,.$! %
5$:@/.,&-! %! %+%D%&! ?>#$! 17@;1%0! +D:.-&! +"%&! .%0! #")%<,.-! .%8-! 8+%>"#%6.7$! 07! 5-! #0#")#D! 70.7)/0$:.$1?&
+"(B#$&-!%$!%+%D#&!A4(+.%80!.7!:85E?"%0.7!.%8!#")%<,.-6!G?.%$#&!+"(B#$&-!+4-0!(44/0-!#D07$!-!(:1-:-!)$7!<$1,
.%8!4%)7"$7:5,-!5#!()0%$7!.%8!#")%<,.--!#5+%"$120!#")7:$20-!%5%D/0!+"%&!.$&!+"(B#$&!.%8!.#4#8.7D%8-!/&!17$!-
#B8+-"?.-:-!+#47.20!.%8!#")%<,.-!7+>!#8@#D7&!7+,!.%0!5$:@/.,!3!*'!"$;4#"2;856!G?4%&-!:65E/07!5#!.%!("@"%
8! +7"6"! #<6! 77! -! A7! 17$! )7! .%8! 06! $8&$#"22&-! .7! <#<%5?07! +"%:/+$1%6! >7"71.;"7! :)$7! 07! .6>%80! 0,5$5-&
#+#B#")7:D7&!+"?+#$.!75!Y7!:844?)%0.7$!17.(!.",+%!@#5$.,!17$!0,5$5%!)$7!17@%"$:5?0%8&-!:7E#D&!17$!0,5$5%8&
:1%+%6&! 17$! 07! 8ED:.70.7$! @#5$.;! 17$! 0,5$5-! #+#B#")7:D7! #0! ,L#$! ./0! :1%+20! 78.206! A5! Y7! #D07$! :807E;-
+",:E%"7! 17$! ,>$! +#"$::,.#"7! 7+,! ,:7! 1(@#! E%"(! 7+7$.#D.7$! #0! ,L#$! ./0! :1%+20! .-&! #+#B#")7:D7&6! :6! I.:$! %
:1%+,&! .-&! :844%);&! 17$! #+#B#")7:D7&! <#<%5?0/0! +"%:/+$1%6! >7"71.;"7! ./0! #")79%5?0/0! #+$."?+#.7$
7+%14#$:.$1(!17.7">;0!)$7!.%8&!:1%+%6&!+%8!:80<?%0.7$!(5#:7!5#!.-!:>?:-!7+7:>,4-:-&!17$!.-0!%")(0/:-!.-&
#")7:D7&6! 3! <$7+D:./:-! .-&! ::85A7.,.-.7&:! 5#.7B6! .-&! :844#),5#0-&! +4-"%E%"D7&! 17$! .-&! :>?:-&
7+7:>,4-:-&!<#0!5+%"#D!07!)D0#$!:#!7E-"-5?0-!A(:-!744(!@7!+"?+#$!07!)D0#.7$!1(@#!E%"(!:.(@5$:-!+C!DECDF(GE
./0!:85E#",0./0!./0!#")79%5?0/0!17$!./0!<$17$/5(./0!./0!#")%<%.20-!475A(0%0.7&!8+,L-!9-.;57.7!,+/&
.%!#D<%&!.-&!#")7:D7&!)$7!.-0!%+%D7!)D0#.7$!-!:844%);!17$!#+#B#")7:D7!./0!+"%:/+$120!<#<%5?0/0!;!.%!#(0!-
:844%);! 17$! #+#B#")7:D7! )D0#.7$! 17.(! .%! :.(<$%! .-&! +",:4-L-&! ;! .%! :.(<$%! .-&! 4#$.%8")D7&! .-&! :>?:-&
#")7:D7&6!G7!<#<%5?07!+"%:/+$1%6!>7"71.;"7!+"?+#$!07!#D07$!:807E;-!+",:E%"7!17$!,>$!+#"$::,.#"7!7+,!,:7
1(@#! E%"(! >"#$(9%0.7$-! #0,L#$! ./0! :1%+20! #+#B#")7:D7&6! 3! :844%);! 17$! #+#B#")7:D7! +"?+#$! 07! )D0#.7$! 17.(
.?.%$%!.",+%-!2:.#!07!#+#5A7D0#$!,:%!.%!<807.,0!4$),.#"%!:.-0!+"%:/+$1;!9/;!.%8!#")79,5#0%8-!5#!-+$,.#"7
5?:7!#+D.#8B-&!.%8!:1%+%6!)$7!.%0!%+%D%!:8)1#0."20%0.7$!%$!+4-"%E%"D#&6!Q$7!07!#D07$!0,5$5-!-!#+#B#")7:D7
@7! +"?+#$! 07! <$#0#")#D.7$! )$7! .%0! :1%+,! )$7! .-! @#"7+#D7! .%8! %+%D%8! 7+%:1%+#D! 17$! ,>$! )$7! (44%! :1%+,! 3C.=
"<"<#$%"$56! =B(44%8-! .%! ("@"%! 4! +7"6"! .%8! /&! (0/! 06! $8&$#"22&! %"D9#$.! :=+#B#")7:D7! <#<%5?0/0! +"%:/+$1%6
>7"71.;"7!#+$."?+#.7$!5,0%!,.70!.%!8+%1#D5#0%!./0!<#<%5?0/0!?>#$!<2:#$!.-!:8)17.(@#:;!.%8:6!K!@#5#4$2<-&
,5/&!78.,&!170,07&-!,.$!<-47<;!<#0!#+$."?+#.7$!-!:844%);!17$!#+#B#")7:D7!+"%:/+$120!<#<%5?0/0-!>/"D&!.-
:807D0#:-! .%8! 8+%1#$5?0%8-! <#0! #D07$! 7+,48.%&6! I.:$! %! D<$%&! %! 06! $8&$#"22&! '%! %+%D%&! #+707475A(0#$-! #0
+"%1#$5?0/-!.-0!1%$0%.$1;!K<-)D7!24#8<#=F!'%"D9#$!:.%!("@"%!4!+7"6$!77!?/&!#7!,.$-!17.7!#B7D"#:--!#+$."?+#.7$!-
#+#B#")7:D7! +"%:/+$120! <#<%5?0/0-! >/"D&! .-0! :8)17.(@#:-! .%8! 8+%1#$5?0%8-! %:(1$&! 78.;! :#D07$! 7+%46./&
707)17D7!)$7!.-0!$170%+%D-:-!.%8!#00,5%8!:85E?"%0.%&!+%8!#+$<$21#$!%!8+#6@80%&!#+#B#")7:D7&6666617$!8+,!.%0
,"%!,.$!.%6.%!8+#"?>#$!+"%E702&!./0!<$17$/5(./0!17$!:85E#",0./0!./0!+"%:2+/0!:.7!%+%D7!707E?"%0.7$!.7
<#<%5?07!17$!<#0!@D)%0.7$!%$!@#5#4$2<#$&!#4#8@#"D#&!78.20:6!I.:$!-!+"%:.7:D7!./0!+"%:/+$120!<#<%5?0/0!<#0
#B$10#D.7$!5?>"$!.-&!+4;"%8&!7+7)%"#6:#/&!.-&!#+#B#")7:D7&!.%8&-!744(!:.-!@?:+$:-!,"/0!17$!+"%\+%@?:#/0-
8+,!.$&!%+%D#&!#D07$!#+$."#+.;!-!#+#B#")7:D7!.%8&-!%6./&!2:.#!07!#+$.#8>@#D!5D7!<D17$-!$:%""%+D7!5#.7B6!.-&
+"%:.7:D7&! .%8! <$17$257.%&! 78.%6-! 17$! .-&! $170%+%$;:#/&! 17$! (44/0! :80.7)57.$1(! 17.%>8"/5?0/0
<$17$/5(./0!3C.=!"<"<#$%"$-!C.=!$$48#$%%45-!,+/&!#D07$!.%!<$17D/57!.-&!?00%5-&!+"%:.7:D7&!3("@"%!$%!+7"6"
C80.()57.%&5!17$!.-&!#+$>#$"-57.$1;&!#4#8@#"D7&!3("@"7!4!17$!"%<!+7"6$!C80.()57.%&56!G?.%$%!?00%5%!:85E?"%0
7+%.#4#D! -! (:1-:-! .-&! %$1%0%5$1;&! #4#8@#"D7&! .%8! #")%<,.-! 17@2&! 17$! -! (:1-:-! <$17$257.%&! #02+$%0
<$17:.-"D%8! 17$! $<D/&! -! +#"D+./:-! -17.(! .-0! %+%D7! .7! :.%$>#D7! +%8! 9-.%60.7$! #D07$! 707)17D7! )$7! .-0
707)02"$:--! (:1-:-! ;! 8+#"(:+$:-! <$17$257.%&6! V7"71.-"$:.$1,! +7"(<#$)57! 7+%.#4#D! -! +"%:1,5$:-! ./0
+"%:/+$120!<#<%5?0/0!7+,!.%0!#")%<,.-!#02+$%0!.%8!<$17:.-"D%8!17$!<$%$1-.$120!;!70#B(".-./0!7">20!)$7
.-0!8+#"(:+$:-!./0!<$17$/5(./0!.%86!S+%"#D!07!#D07$!1(@#!#D<%8&!<$17:.;"$7-!+%4$.$1(-!+%$0$1(!;!<$%$1-.$1(-
5#!%+%$7<;+%.#!<$7<$17:D7-!17$!5#!%+%$7<;+%.#!$<$,.-.7!17$!70!5#.?>#$!%!#")%<,.-&-!,+/&!#0()/0!;!#07),5#0%&6
=$<$1,.#"7-! ,+/&! ?>#$! 1"D0#$! 17.7! #+70(4-L-! -! *">;! '"%:.7:D7&! H#<%5?0/0-! -! >";:-! #02+$%0! <$17:.-"D%8
+"%:/+$120!<#<%5?0/0!+%8!?>%80!:844#)#D!>/"D&!+"%-)%65#0-!:807D0#:-!.%8!#0<$7E#"%5?0%8!#D07$!@#5$.;!70
:%! #+$<$/1,5#0%&! :1%+,&! .-&! +"%(:+$:-&! ./0! <$17$/5(./0! <#0! 5+%"#D! 07! #+$.#8>@#D! 5#! (447! -+$,.#"7! 5?:7:
3*">;!'"%:.7:D7&!H#<%5?0/0-!;#$%%4-!2#$%%4!17$!4&#$%%256!

C.-0! +"%1#$5?0-! +#"D+./:--! .7! 1"D:$57! 7">#D7! +#"$475A(0%80! ?))"7E7! 17$! (447! :.%$>#D7! .7! %+%D7! %$! +"2-0
8+(44-4%$! .-&! 707$"#:#D%8:7&! :80?.7B70-! 7+?:.#$470! ;! 17$! +7"?47A70! :.%0! >2"%! #")7:D7&! .%8&! 5#! >";:-
#.7$"$120!8+%4%)$:.206!=+D!+4?%0-!<#0!>"-:$5%+%$%6:70!+"%:/+$1;!-4#1."%0$1;!<$#6@80:--!744(!#.7$"$1;-!.-0
%+%D7! -! 707$"#:#D%8:7! .%8&! #D>#! +7"7>/";:#$! )$7! .$&! 70()1#&! .-&! #")7:D7&! .%8&6! *1,5-! <#0! .?@-1#! 9;.-57
#+$.;"-:-&! ;! 17@7! %$%0<;+%.#! .",+%! +7"71%4%6@-:-&! ./0! +7"7$.-@?0./0! +"2-0! 8+744;4/0! .-&
707$"#:#D%8:7&-!17.(!.-!<$("1#$7!.-&!#")7:D7&!.%8&6!=4?)>@-170!7+42&!#1!./0!8:.?"/0!%$!#.7$"$1%D!8+%4%)$:.?&
5#.(! .-0! 7+%>2"-:;! .%8&! 17$! .-0! ("0-:;! .%8&! 07! +7"7<2:%80! .7! 7">#D7! +%8! >"-:$5%+%$%6:70! :.-0
707$"#:#D%8:7! #")%<,."$(! .%8&6! =B(44%8-! .7! 1"D:$57! <#<%5?07! <#0! ;.70! :#87D:@-.7:! 17.(! .-0! ?00%$7! .%8
06$8&$#"22&!3("@"%!$!+#"6!A7!56!
3! :844%);! 17$! #+#B#")7:D7! .%8&! 7+,! .-0! 707$"#:#D%8:7! <#0! 7+?A4#+#! 5,0%! :.-0! +"%:.7:D7! ./0! <$17$/5(./0
17$!:85E#",0./0!.-&!3("@"%!4!+7"6"!.%8!C80.()57.%&5!744(!:.-0!<$7:E(4$:-!.-&!#5+%"$1;&!+D:.-&!17$-!#0!.?4#$-
:.-0!+"%:.7:D7!.%8!#4#6@#"%8!70.7)/0$:5%66!'"()57.$-!-!7+,<#$B-!#02+$%0!<$17:.-"D%8!.-&!(0/!7@?5$.-&!17$
#+$9;5$7&! )$7! .-0! 707$"#:#D%8:7! :85+#"$E%"(&! +%8! #+?<#$B70! %$! +"2-0! 8+(44-4%$! .-&! 707$"#:#D%8:7&-! :.%
+47D:$%!.-&!(:1-:-&!./0!8+-"#:$7120!17@-1,0./0!.%8&-!<#0!5+%"#D!07!:8)1"$@#D!5#!.-0!7+%1(48L-!:.%$>#D/0
.-&!17@7"(!+"%:/+$1;&!9/;&!.%8&-!,+/&!@7!;.70-!)$7!+7"(<#$)57-!%$!#"/.$1?&!+"%.$5;:#$&!.%8&-!.7!@"-:1#8.$1(
.%8&!+$:.#6/!17$!%$!E$4%:%E$1?&!-!+%4$.$1?&!.%8&!+#+%$@;:#$&6!Q$7.D-!70!17$!-!:85+#"$E%"(!78.;!70()#.7$!:.-0
+"%:/+$1;! 9/;! .%8&-! -! +"%#.%$57:D7! .%8! #+7))#457.$1%6! 5?44%0.%&! ./0! #0! 4,)/! 8+744;4/0! A"D:1#.7$
+"%<;4/&! :.-0! +#"$E?"#$7! .%8! <$17$257.%&! .-&! $<$/.$1;&! 9/;&-! <-47<;! :#! +%46! 5#)(4-! 7+,:.7:-! 7+,! .%0
+8";07!.-&!.#4#8.7D7&6!=+%5?0/&-!-!7+%1(48L-!./0!1"D:$5/0!<#<%5?0/0!)$7!.-0!(:1-:-!.%8!<$17$257.%&!.-&
<$17:.$1;&! +"%:.7:D7&! .-&! #")%<,."$7&! 707$"#:#D%8:7&! 3("@"%! $%! +7"6"! C80.()57.%&5-! +"%1#$5?0%8! 07
<$7:E74$:@#D! .%! <$17D/57! .-&! #+$>#$"-57.$1;&! #4#8@#"D7&! .-&! 3("@"7! 4! 17$! "%<! +7"6$! C80.()57.%&5! #D07$! 17@7
,47! @#5$.;-! -! <#-! 17.(! .7! ("@"7! 2! 17$! 2! *! .%8! C80.()57.%&! 17$! .%! ("@"%! ;! .-&! =CH*-! #+D14-:-! ./0! +"2-0
8+744;4/0! .-&! 707$"#:#D%8:7&! ./0! <$17$/5(./0! :.-0! $<$/.$1;! 9/;! 17$! .-0! +"%:.7:D7! ./0! +"%:/+$120
<#<%5?0/0-! #D07$! 7@?5$.--! 7E%6! -! (:1-:;! .%8&! +"%:A(44#$! <$17$257.7! .-&! 707$"#:#D%8:7&! +%8! 8+#"?>%80
+"%E702&6! G?.%$7! <$17$257.7! ;.70! .7! <$17$257.7! .-&! 707$"#:#D%8:7&-! +%8! 7+%""?%80! 7+,! .%! ("@"%! 4! +7"6"
C80.()57.%&! 17$! )#0$1,.#"7! -! <$7:E(4$:-! .-&! #5+%"$1;&! +D:.-&! 17$! .%8! #4#6@#"%8! 70.7)/0$:5%6-! +%8! -
7+%.#4#:57.$1;!8+#"(:+$:;!.%8&!#02+$%0!<$17:.-"D%8!3("@"%!$%!+7"6"!C80.()57.%&5-!#+?A74#!.-0!7+,<#$B-!.-&
70.$:85A7.$1;&-! 7@?5$.-&! 17$! #+$9;5$7&! )$7! .-0! 707$"#:#D%8:7! :85+#"$E%"(&! ./0! 707$"#:$A4;./0! +"2-0
8+744;4/0! .-&6! !"7! -! 70(:8":-! ./0! 1"$:D5/0! 7">#D/0! 7+,! .%8&! #.7$"$1%6&! 8+%4%)$:.?&! +%8! 78.%D
>"-:$5%+%$%6:70!17$!-!>";:-!.%8&!#02+$%0!<$17:.-"D%8!;.70!0,5$5-6

BA!6!F7.7!71%4%8@D7!,4/0!./0!70/.?"/-!.%!=E#.#D%-!5#!.%!07!<#>@#D-!5#!.-0!+"%:A744,5#0-!7+,E7:;!.%8-!,.$!.7
/&! (0/! 7">#D7-! +%8! 707:6"@-170! 7+,! .-0! 707$"#:#D%8:7! 7+,! .%8&! -4#1."%0$1%6&! 8+%4%)$:.?&! .-&-! +%8
>"-:$5%+%$%6:70!%$!707$"#:DA4-.%$-!17$!;4@70!:#!)02:-!.-&-!>/"D&!.-!:8)17.(@#:-!./0!.#4#8.7D/0!17$!>/"D&
.-0! .;"-:-! .-&! 0,5$5-&! <$7<$17:D7&! )$7! .-0! (":-! .%8! 7+%"";.%8! 17$! ,.$! #+%5?0/&! .7! ?))"7E7! 78.(-! /&
7+%1.-@?0.7!17.(!+7"(A7:-!.%8!7+%"";.%8!./0!#+$1%$0/0$20-!:80$:.%60!+7"(0%57!7+%<#$1.$1(!5?:7!17$!<#0
.7!?47A#!8+,L-!.%8-!#:E745?07!#"5;0#8:#!17$!#E("5%:#!.$&!/&!(0/!%8:$7:.$1?&!<$7.(B#$&6!!"7-!%$!+"2.%&!17$
<#6.#"%&!4,)%$!.-&!7$.;:#/&!707$"?:#/&!7+,!.%!("@"%!442!7"6"!17$!""!)7!F'%4H!-!5#!.%8&!%+%D%8&!7+%<D<%0.7$
:.-0! 707$"#:$A744,5#0-! 7+,E7:-! %$! +4-55?4#$#&! .-&! +7"(A7:-&! .%8! 0,5%8! 17$! .-&! +7"(! .%! 0,5%! 5-! 4;L-
8+,L-! 7+%<#$1.$120! 5?:/0-! 17$! %$! %+%D%$! +7"7+?5E@-170! #02+$%0! .-&! +4;"%8&! K4%5?4#$7&-! /&! 9-.;57.7
)#0$1%.?"%8!#0<$7E?"%0.%&-!#D07$!A(:$5%$!17$!+"?+#$!07!)D0%80!<#1.%D6

BAA6!F7.(!.-!)025--!,5/&-!.%8!7"#%+7)D.-!*"$:.#D<-!'#4#1(0%8-!%$!4,)%$!+%8!+7"7+?5E@-170!:.-0!K4%5?4#$7-
 7+,! .%! ("@"%! 442! 7"6! "! 17$! 7"6! ""! +#"6! )7! F'%4H-! #D07$! 7A(:$5%$! 17$! ?+"#+#! 07! 7+%""$E@%606! =$<$1,.#"7-! :.%
("@"%! "2! +7"6! "! .%8! C80.()57.%&! %"D9#.7$! ,.$! .%! 7+,""-.%! ./0! #+$:.%420! 17$! .-&! #4#6@#"-&! 70.7+,1"$:-&! ;
#+$1%$0/0D7&!5#!%+%$%0<;+%.#!(44%!.",+%!#D07$!7+,48.7!7+7"7AD7:.%!3#<6!77!5!17$!,.$!0,5%&!%"D9#$!.$&!#))8;:#$&
8+,! .$&! %+%D#&! -! <$17:.$1;! 7">;! <#0! <#:5#6#.7$! 7+,! .%! 7+,""-.%! )$7! 4,)%8&! #@0$1;&! 7:E(4#$7&! ;! )$7
<$71"DA/:-! $<$7D.#"7! :%A7"20! #)14-5(./0! 3#<6! A56! =+D:-&! :.-0! +7"6! 0! .%8! D<$%8! ("@"%8! %"D9#.7$! ,.$
7+7)%"#6#.7$! -! >";:-! 7+%<#$1.$120! 5?:/0! +%8! ?>%80! 7+%1.-@#D! 17.(! +7"(A7:-! .%8! ("@"%8! 78.%6! 17$! ./0
("@"/0! 2! 17$! 2*! .%8! C80.()57.%&6! G%! ("@"%! 78.,! 17.%>8"20#$! .-0! #4#8@#"D7! 17$! .%! 7+,""-.%! 1(@#! 5%"E;&
$<$/.$1;&! 35-! <-5,:$7&5! #+$1%$0/0D7&! %+%8<;+%.#! 17$! 70! 78.;! )D0#.7$! 317.%$1D7-! >2"%&! #")7:D7&! ;! (44%85-! 17$
#$<$1,.#"7! +"%:.7.#6#$! .-0! #4#8@#"D7! 17$! .%! 7+,""-.%! 1(@#! +"%:/+$1;&! ;! #+7))#457.$1;&! #+$1%$0/0D7&-! .-0
%+%D7! .%! 8+%1#D5#0%! .%8! <$17$257.%&! #00%#D! 17$! #+$@85#D! /&! 58:.$1;! ;! #5+$:.#8.$1;6! =B(44%8-! -! <$(.7B-! .%8
("@"%8!2!+7"6!"!#<6!A7!.%8!C6-!17.(!.-0!%+%D7!-!$<$/.$1;!17$!%$1%)#0#$71;!9/;!.%8!7.,5%8!#D07$!7+7"7AD7:.-!17$
-!%+%D7!+"%:.7.#6#$!.-0!$<$/.$1;!17$!%$1%)#0#$71;!:E7D"7-!7+7)%"#6#$-!5#.7B6!(44/0-!.-0!%+.$1;!;!71%8:.$1;
+7"71%4%6@-:-! ;! 17.7)"7E;! ;! (44-&! 5%"E;&! +"%:A%4;! .-&! $<$/.$1;&! 9/;&! 5#! %+%$%0<;+%.#! .",+%! ;! 5?:%-
#1.,&! 7+,! #0?")#$#&! +%8! #+$>#$"%60.7$! :.%! 0,5$5%! +47D:$%! )$7! .-! <$#"#60-:--! 7+%1(48L-! 17$! <D/B-! :%A7"20
#)14-5(./06!
G%!<$17D/57!:#A7:5%6!.-&!$<$/.$1;&!9/;&!.%8!%$1$71%6!7:64%8!17$!.-&!#4#6@#"-&!#+$1%$0/0D7&!+"%:.7.#6#.7$
17$! 7+,! .%! ("@"%! ;! +7"6! "! .-&! =CH*! 5#! .-0! #+$E647B-! .%8! +#"$%"$:5%6-! +%8! +"%A4?+#.7$! 7+,! .-0! +7"6! $! .%8
D<$%8!("@"%8-!)$7!@#5$.;!#+?5A7:-!.-&!<-5,:$7&!7">;&-!#E,:%0!78.;!3#+?5A7:-5!+"%A4?+#.7$!5#!3#@0$1,5!0,5%
17$!7+%.#4#D!5?."%!+%8-!:#!5$7!<-5%1"7.$1;!1%$0/0D7-!#D07$!707)17D%!)$7!.-0!#@0$1;!;!.-!<-5,:$7!7:E(4#$7-!.-0
%$1%0%5$1;! #8-5#"D7! .-&! >2"7&-! .-0! +"%(:+$:-! .-&! .(B-&! 17$! .-0! +",4-L-! +%$0$120! 7<$1-5(./0-! .-0
+"%:.7:D7! .-&! 8)#D7&! ;! .-&! -@$1;&! ;! .-0! +"%:.7:D7! ./0! <$17$/5(./0! 17$! #4#8@#"$20! ./0! (44/06! =02-! 5#! .%
("@"%! 2*! .%8! C6-! 17.%>8"20#.7$! .%! <$17D/57! +"%:.7:D7&! .%8! 7.,5%8! 7+,! .-! :844%);-! #+#B#")7:D7! 17$! >";:--
$<D/&! 5#! -4#1."%0$1(! 5?:7-! ./0! +"%:/+$120! .%8! <#<%5?0/0-! ,+/&! 0,5%&! %"D9#$-! -! %+%D7! 3+"%:.7:D75
<$7:E74D9#.7$!7+,!70#B(".-.-!7">;-!+%8!:8)1"%.#D.7$!17$!4#$.%8")#D-!,+/&!0,5%&!%"D9#$6
3! +"%707E#",5#0-! <$(.7B-! .%8! ("@"%8! "2! +7"6! 0! .%8! C6! 317.(! .-0! %+%D7! 7+7)%"#6#.7$! -! >";:-! 7+%<#$1.$120
5?:/0!+%8!?>%80!7+%1.-@#D!'!7+,!<-5,:$#&!7">?&!;!$<$2.#&!'!17.(!+7"(A7:-!./0!("@"/0!"2-!2!17$!2*!.%8!C65-
#D07$!170%0$:.$1(!+4;"-&!5#!(5#:-!#E7"5%);-!<#:5#6#$!,47!.7!1"7.$1(!,")707!70#B(".-.7!7+,!.-0!?1<%:-!;!,>$
:>#.$1%6!0,5%8!17$!$:>6#$!:#!,4#&!.$&!<$17:.$1?&!17$!<$%$1-.$1?&!7">?&6!3!#0!4,)/!7+7),"#8:--!78.%0%;./&-!<#0
7E%"(! 7+%<#$1.$1(! 5?:7-! +%8! 7+%1.;@-170! 8+,! .%8&! ,"%8&! .%8! ("@"%8! "2! +7"6"A7! .%8! C6-! )$7! 4,)%8&! #@0$1;&
7:E(4#$7&! ;! )$7! .-! <$71"DA/:-! $<$7D.#"7! :%A7"20! #)14-5(./0-! 5#! :600%5-! (":-! .%8! 7+%"";.%8! 17.(! .$&
:>#.$1?&! <$7.(B#$&! .%8! 06! $$$4#"2286! F7.(! %"@,.#"-! (+%L--! .%! 7+,""-.%! .-&! #+$1%$0/0D7&! +"%:.7.#6#.7$! 17$
5#.(!.-0!+"7)5(./:;!.-&!5?>"$!07!#1<-4/@#D!70.D@#.-!A%64-:-!78.20!+%8!#+$1%$0/0%60-!17@,:%0!-!F*G+E!.-&
:>#.$1;&! :80.7)57.$1;&! <$(.7B-&! #D07$! -! +"%:.7:D7! .-&! %$1#$,.-.7&! 17$! #5+$:.#8.$1,.-.7&! 5#.7B6! ./0! 7.,5/0
+%8!#+$1%$0/0%60!/&!#1<;4/:-&!.-&!+"%:/+$1;&!.%8&!#4#8@#"D7&!)$7!,:%!>",0%!-!:>#.$1;!#+$1%$0/0D7!<$7.-"#D
.%0!58:.$1,!;!#5+$:.#8.$1,!>7"71.;"7!.-&-!%!%+%D%&!<#0!+76#$!5#!5,0-!.-0!+"7)5(./:-!.-&!#+$1%$0/0D7&-!%6.#
7.%0#D!-!70()1-!)$7!.-0!+"%:.7:D7!.%8!7+%"";.%8!78.;&6!3!70.D@#.-!(+%L--!,.$!.%!7+,""-.%!.-&!#+$1%$0/0D7&
+"%:.7.#6#.7$!5,0%!17.(!.%!:.(<$%!.-&!<$#B7)/);&!.-&-!+%8!:.-!:6)>"%0-!-4#1."%0$1;!17$!L-E$71;!5%"E;!.-&
#B70.4#D.7$!:80;@/&!:#!#4(>$:.%!>",0%-!+#"$%"D9#$!:-570.$1(!17$!7<$17$%4,)-.7!.-0!+"%:.7:D7!.%8!7+%"";.%8
.-&! #+$1%$0/0D7&-! #02-! 70.D@#.7-! #+$A(44#.7$! -! +4;"-&! 17$! %8:$7:.$1;! <$7:E(4$:;! .%8-! 17@,:%0! -! #8"6.7.-
%$1%0%5$1;! #15#.(44#8:-! +"%:/+$120! +4-"%E%"$20! 17$! -! #5E(0$:-! +%4420! 0?/0! +-)20! 17$! 5%"E20
-4#1."%0$1;&! #)14-57.$1,.-.7&! ?>%80! +%447+47:$(:#$! .%8&! 1$0<60%8&! +"%:A%420! .%8! 7+%"";.%8! .-&
#+$1%$0/0D7&!17$!.-&!$<$/.$1;&!9/;&!17$!17@$:.%60!#+$.71.$1,.#"-!.-0!+"%:.7:D7!.%8&6!
I.:$-! -! :6)>"%0-! -4#1."%0$1;! 744-4%)"7ED7! 3(')*+,95! #5+D+.#$! 17$! +"%:.7.#6#.7$! 7+,! .%! 7+,""-.%! .-&
#4#6@#"-&! 70.7+,1"$:-&! 17$! #+$1%$0/0D7&! .%8! ("@"%8! "2! +7"6! "! .%8! C6! 17.(! .%! :.(<$%! .-&! +"7)5(./:;&! .-&
744(!17$!5#.(!)$7!,:%!>"%0$1,!<$(:.-57!.7!5?"-!+%8!#+$1%$0/0%60!<$7.-"%60!17$!<$7:E74D9%80!.%0!58:.$1,!;
#5+$:.#8.$1,!>7"71.;"7!.-&-!5#!>";:-!:>#.$1%6!1/<$1%6!7+%14#$:.$1;&!+",:A7:-&6!S#!.-!<$(.7B-!.%8!("@"%8
"2! +7"6! 0! .%8! C6! #$:()#.7$! +#"$%"$:5,&! :.%! <$17D/57! 7+,<#$B-&! /&! #$<$1,.#"-&! ?1E70:-&! .%8! <$17$257.%&
+7"%>;&! #00,5%8! +"%:.7:D7&-! +%8! 17.%>8"20#.7$! 35#! #+$E647B-! 0,5%85! :.%! ("@"%! $%! +7"6"! .%8! C6-! 17$
:8)>",0/&! #$:()#.7$! +#"$%"$:5,&! :#! <$17$257.7! ./0! %+%D/0! #+$<$21#.7$! #1(:.%.#! <$17:.$1;! +"%:.7:D7-! +%8
#0<?>#.7$! 07! ?>%80! 17$! :80.7)57.$1;! 17.%>6"/:--! ,+/&! -! 9/;-! -! .$5;-! -! #4#8@#"D7! 35#! :.#0;! ?00%$75! 14+66! C#
71"7D#&! 5,0%! +#"$+.2:#$&! #D07$! :80.7)57.$12&! #+$."#+.;! -! 1(5L-! .%8! 170,07! .-&! 5-! >";:-&! 7+%<#$1.$120
5?:/0!+%8!7+%1.;@-170!17.(!+7"(A7:-!./0!("@"/0!"2-!2! 17$!2*!.%8!C6-!#E,:%0!-!5-!>";:-!78.20!7+%14#D#$
.-0! 7+,<#$B-! )#)%0,./0! 17$! %<-)#D! :#! $<$7D.#"7! :%A7";! +"%:A%4;! (44/0! :80.7)57.$120! <$17$/5(./0-! ,+/&
#D07$! 17$! .%! <$17D/57! 7+,<#$B-&! A7:70$:.-"D/0! ;! .-&! 7@/,.-.7&! 17.-)%"%85?0%8! $<D/&! )$7! $<$7D.#"7! :%A7"(
#)14;57.7-!17$!5,0%!#E,:%0!-!#0!4,)/!+"%:A%4;-!4,)/!.-&!E6:-&!;#17$!.-&!A7"6.-.(&!.-&-!:80$:.(!.78.,>"%07
17$!+"%:A%4;!.-&!70@"2+$0-&!7BD7&-!-!%+%D7!+"%:.7.#6#.7$!7+,!.-!@#5#4$2<-!17$!5-!707@#/";:$5-!3("@"%!""%
C65! <$(.7B-! .%8! ("@"%8! $! +7"6! "! .%8! C6-! +%8! %"D9#$! ,.$! %! :#A7:5,&! 17$! -! +"%:.7:D7! .-&! 7BD7&! .%8! 70@"2+%8
7+%.#4%60! .-0! +"/.7">$1;! 8+%>"?/:-! .-&! '%4$.#D7&6! 3! <#! +"/.7">$1(! +"%:.7.#8,5#0-! 7+,! .%! C6! 7BD7! .%8
70@"2+%8! :80(+.#.7$! (5#:7! 17$! (""-1.7! 5#! .-0! #4#8@#"D7! .-&! #+$1%$0/0D7&-! 17@,:%0! 3-! 7BD7! .%8! 70@"2+%85
#1E"(9#.7$! 17$! +"7)57.20#.7$! 5?:/! 78.;&6! 3! <$17:.$1;! 7B$%4,)-:-! 17$! :.(@5$:-! )$7! .-! :80<"%5;! ;! 5-! :.-
:8)1#1"$5?0-! +#"D+./:-! <$1%0%5$1;&! 17.(:.7:-&! 70()1-&-! +%8! <$17$%4%)#D-! 17.7! #B7D"#:--! .-! >";:-
7+%<#$1.$120! 5?:/0! +%8! 7+%1.;@-170! +7"(0%57-! 4,)/! +"%:A%4;&! .-&! 70@"2+$0-&! 7BD7&! :#! +#"D+./:-! 5-
>"-:$5%+%D-:;&!.%8&-!+"?+#$!07!)D0#.7$!5#!A(:-!.-0!7">;!.-&!7074%)$1,.-.7&-!-!%+%D7!17@$#"20#.7$!"-.(!5#!.-
<$(.7B-! .%8! ("@"%8! $4! +7"6! "! #<6! <7! .%8! C6! 17$! .-0! %+%D7! %E#D4#$! 07! :?A#.7$! 1(@#! +#"$%"$:5,&! ./0! 7.%5$120
<$17$/5(./0! #D.#! +"%A4?+#.7$! 7+#8@#D7&! 7+,! .%! C6! #D.#! +"%A4?+#.7$! 7+,! 0,5%-! 8+?"! .%8! %+%D%8! 8+(">#$
:80.7)57.$1;! #+$E647B-6! =$<$1,.#"7-! -! 7">;! .-&! 7074%)$1,.-.7&! 5#.7B6! .%8! +#"$%"$:.$1%6! 5?."%8! 17$! .%8
:1%+%6!+%8!+"%%"D9#.7$!07!#B8+-"#.#D!%!+#"$%"$:5,&-!#+$A(44#$!:.%0!0%5%@?.-!.!75!%!@#:+$9,5#0%&!+#"$%"$:5,&
07!#+$<$21#$!@#5$.,!:1%+,-!<-47<;!.%0!:1%+,!+%8!%"D9#$!"-.(!-!#$<$1;!0%5%@#.$1;!#+$E647B-!;!.%0!:1%+,!+%8
#5+D+.#$! :.%! 0,-57! .-&! )#0$1;&! 0%5%@#.$1;&! #+$E647B-&! 3+"%:.7:D7! .%8! 1%$0/0$1%6! :80,4%8! ;! <$17$/5(./0
."D./05-!A5!.%!+"%A4#+,5#0%!5?:%!;!%!.",+%&!.%8!+#"$%"$:5%6!07!#D07$!@#5$.,&-!)5!%!@#:+$9,5#0%&!+#"$%"$:5,&
07! #D07$! 17.(44-4%&! 17$! 707)17D%&! )$7! .-0! #+D.#8B-! .%8! :1%+%6-! )$7! .%0! %+%D%! #$:()#.7$! 17$! <5! -! :8)1"$.$1;
:.(@5$:-!./0!:8)1"%8%5?0/0!7)7@20-!<-47<;!.%8!7)7@%6!:.%!%+%D%!7+%A4?+#$!%!+#"$%"$:5,&!17$!.%8!7)7@%6
+%8!+"%:.7.#6#$!.%!<$17D/57-!+"?+#$!:.-!:8)1#1"$5?0-!+#"D+./:-!3+C!DECDF(GE5!07!7+%A7D0#$!8+?"!.%8!+"2.%86
K!<#!<$17:.$1,&!?4#)>%&!<#0!8+#$:?">#.7$!:.-!:1%+$5,.-.7!17$!+#"$%"D9#.7$!:.-!:80.7)57.$1,.-.7!./0!:>#.$120
0%5%@#.$120!#+$4%)20-!#B#.(9%0.7&!5,0%!5;+/&!%!+#"$%"$:5,&!+%8!#+?4#B#!%!0%5%@?.-&!#D07$!717.(44-4%&!;!5-
707)17D%&!;!<8:70(4%)%&!+"%&!.%0!#+$<$/1,5#0%!:1%+,6

'#"7$.?"/-! 5#! .%0! 06! $8&$#"22&! 3)$7! .-0! +"%:.7:D7! .%8! 7.,5%8! 7+,! .-0! #+#B#")7:D7! <#<%5?0/0! +"%:/+$1%6
>7"71.;"7-! +%8! #1<,@-1#! :#! +"%:7"5%);! +"%&! .-0! K<-)D7! 24#8<#=F! .%8! =8"/+7$1%6! F%$0%A%84D%8! 17$! .%8
C85A%84D%8-! .-&! $8-&#"%#"2245! 17@%"D:.-170! .%! +47D:$%! .-&! #+#B#")7:D7&! <#<%5?0/0! +"%:/+$1%6! >7"71.;"7
17$!.7!<$17$257.7!./0!8+%1#$5?0/0!.%8&6!3!"6@5$:-!78.;!:85+4-"2@-1#!17$!#B#$<$1#6.-1#!5#!.%0!06!$&&8#"222
3)$7!.-0!+"%:.7:D7!<#<%5?0/0!+"%:/+$1%6!>7"71.;"7!:.%0!.-4#+$1%$0/0$71,!.%5?7!:#!+"%:7"5%);!+"%&!.-0
0#,.#"-!K<-)D7!2&#<<#=F!.%8!=8"/+7$1%6!F%$0%A%84D%8!17$!.%8!C85A%84D%856!*1%4%6@/&-!)$7!.-0!#0:/5(./:-
:.-0! #:/.#"$1;! ?00%5-! .(B-! .-&! K<-)D7&! $%%$#4;#=F! .%8! =8"/+7$1%6! F%$0%A%84D%8! 17$! .%8! C85A%84D%8! .-&
"$-&#&#$%%$-!@#:+D:.-1#!%!06!08&"#$%%<!3)$7!.-0!+"%:.7:D7!<#<%5?0/0!+"%:/+$1%6!>7"71.;"7!17$!.-&!$<$/.$1;&
9/;&!:.%0!.%5?7!./0!-4#1."%0$120!#+$1%$0/0$206665-!5#!.%0!%+%D%!17.7");@-1#!:.%!:60%4,!.%8!%!06!$&&8#"222
317@2&!-!:>#.$1;!K<-)D7!+%8!78.,&!#D>#!#0:/57.2:#$!:.-0!#44-0$1;!?00%5-!.(B-!17.7");@-1#!5#!.7!("@"7!"2
17$!"&!+7"6!"!.-&!K<-)D7&!$%%$#4;#=F5!17$!<$?47A#!0?#&!"8@5D:#$&!)$7!.-0!+"%:.7:D7!./0!+"%:/+$120!<#<%5?0/0
17$!.-&!$<$/.$1;&!9/;&!:.%0!.%5?7!./0!-4#1."%0$120!8+-"#:$206!K$!:>#.$1?&!"8@5D:#$&!3,+/&!17$!#1#D0#&!.%8!06
$&&8#"222! +%8! 17.7");@-1#5! :85+4-"20%80! 17$! #B#$<$1#6%80! .$&! )#0$1?&! "8@5D:#$&! .%8! 06! $8&$#"22&-
+"%1#$5?0%8-! #0,L#$! ./0! 5#)(4/0! .#>0%4%)$120! 17$! %$1%0%5$120! #B#4DB#/0-! 07! <$7:E74D9#.7$! +4-"?:.#"-! 17$
7+%.#4#:57.$1,.#"-! +"%:.7:D7! ./0! +"%:/+$120! <#<%5?0/0! 17$! .-&! $<$/.$1;&! 9/;&! ./0! +%4$.20! +%8
>"-:$5%+%$%60!.$&!-4#1."%0$1?&!8+-"#:D#&!#+$1%$0/0D7&!+%8!#5+D+.%80!:.%!+#<D%!#E7"5%);&!.%8&-!<-47<;!5,0%
:.7! <-5,:$7! 3<$7@?:$57! :.%! 1%$0,5! <D1.87! -4#1."%0$1;&! #+$1%$0/0D7&! 17$! :.$&! <$7@?:$5#&! :.%! 1%$0,! 8+-"#:D#&
-4#1."%0$1;&! #+$1%$0/0D7&6! Q$7! .$&! 5-! <$7@?:$5#&! :.%! 1%$0,! -4#1."%0$1?&! #+$1%$0/0D#&-! #E7"5,9#.7$! %! 06
$8&$#"22&-!,+/&!$:>6#$-!#02!/&!-4#1."%0$1;!#+$1%$0/0D7!0%#D.7$!17$!#1#D0-!+%8!+7"?>#.7$!5?:/!<$7<$1.6%8!3A46
:>#.$1(!7$.$%46!?1@#:-!06!08&"#$%%<!:#!FY%T!?.%8&!$%%<!:#46!"%&"'"%&$56!
G?4%&-! 5#! .%0! 06! 02"&#$%""! 3)$7! .-! <$7.;"-:-! <#<%5?0/0! +%8! +7"()%0.7$! ;! 8+%A(44%0.7$! :#! #+#B#")7:D7! :#
:80(".-:-! 5#! .-0! +7"%>;! <$7@#:D5/0! :.%! 1%$0,! 8+-"#:$20! -4#1."%0$120! #+$1%$0/0$20! ;! <-5%:D/0! <$1.6/0
#+$1%$0/0D7&6665-! #0:/57.2@-1#! :.%! #@0$1,! <D17$%! -! K<-)D7! $%%<#$8#=F-! +%8! ."%+%+%D-:#! .-0! +"%)#0?:.#"-
K<-)D7!$%%$#4;#=F6
=$<$1,.#"7-! :65E/07! 5#! .%! ("@"%! 8! +7"6! "! .%8! 06! 08&"#$%%<! 3%! %+%D%&-! 17.(! .%! ("@"%! 0! 78.%6-! ?>#$! #E7"5%);
17.(!.-0!#+#B#")7:D7!<#<%5?0/0!+"%:/+$1%6!>7"71.;"7!17$!.-!<$7:E(4$:-!.%8!7+%"";.%8!./0!#+$1%$0/0$20
:.%! +47D:$%! +7"%>;&! 7+,! <-5,:$7! <D1.87! <$7@#:D5/0! :.%! 1%$0,! 8+-"#:$20! -4#1."%0$120! #+$1%$0/0$205-! 75
+"%:.7.#6#.7$! 7+,! .%! 7+,""-.%! ./0! #+$1%$0/0$20! %+%$7<;+%.#! >";:-! ./0! 8+-"#:$20! -4#1."%0$120
#+$1%$0/0$20! +%8! +7"?>%0.7$! 5?:/! <-5%:D%8! <$1.6%8! #+$1%$0/0$20! 17$! ./0! <$7@#:D5/0! :.%! 1%$0,! 8+-"#:$20
-4#1."%0$120! #+$1%$0/0$20-! 17@2&! 17$! ./0! :807E20! <#<%5?0/0! 1D0-:-&! 17$! @?:-&-! ,+/&! 78.(! %"D9%0.7$! :.$&
<$7.(B#$&! .%8! ("@"%8! $! .%8! D<$%8! 0,5%8-! :.7! %+%D7! +#"$475A(0%0.7$! -! .78.,.-.7! :60<#:-&! ;! .%8! .#"57.$1%6
#B%+4$:5%6! .%8! :80<"%5-.;-! %$! 1/<$1%D! +",:A7:-&-! %! >",0%&! #+$1%$0/0D7&-! .7! :.%$>#D7! #0.%+$:5%6! .%8
.#"57.$1%6! #B%+4$:5%6! .%8! >";:.-! 14+6! 17$! A5! -! (":-! .%8! 7+%"";.%8! #D07$! #+$."#+.;! 5,0%! 8+,! .$&
+"%\+%@?:#$&! 17$! .$&! <$7<$17:D#&! +%8! +"%A4?+%0.7$! 7+,! .%! ("@"%! "2! .%8! C6! =02-! 17.(! .-0! +7"6! $! .%8! D<$%8
("@"%8-! 7+7)%"#6#.7$! -! 71",7:--! 8+%14%+;! ;! (44%! #D<%&! +7"71%4%6@-:-&! ;! #+$.;"-:-&! ./0! -4#1."%0$120
#+$1%$0/0$20!17$!./0!:807E20!<#<%5?0/0!1D0-:-&!17$!@?:-&-!#1.,&!70!+"%A4?+#.7$!<$7E%"#.$1(!7+,!.%0!0,5%6
=+D:-&! :.%! ("@"%! 4! 78.%6-! .%! %+%D%! %"D9#$! .%8&! 170,0#&! #+#B#")7:D7&! ./0! +"%:/+$120! <#<%5?0/0! 17$! ./0
<#<%5?0/0! 1D0-:-&! 17$! @?:-&-! +"%A4?+#.7$-! 5#.7B6! (44/0-! ,.$! %! E%"?7&! +7"%>;&! <-5%:D%8! <$1.6%8! ;! 17$
<$7@?:$5-&! :.%! 1%$0,! 8+-"#:D7&! -4#1."%0$120! #+$1%$0/0$20! <#0! #+$."?+#.7$! 07! >"-:$5%+%$#D! .7! <#<%5?07
+"%:/+$1%6! >7"71.;"7! 17$! .7! <#<%5?07! 1D0-:-&! 17$! @?:-&! ;! 07! .7! <$7A$A(9#$! :#! ."D.%8&! )$7! (44%8&! :1%+%6&-
#1.,&!70!%!:80<"%5-.;&!;!%!>";:.-&!?>#$!<2:#$!.-!"-.;!17$!#$<$1;!:8)17.(@#:;!.%8-!-!%+%D7-!)$7!.-!<$7ADA7:-
./0!<#<%5?0/0!:#!."D.%8&-!+"?+#$!07!#D07$!317$5!?))"7E-6!C.%!<#!("@"%!<!+"%A4?+#.7$-!5#.7B6!(44/0-!75!,.$!.7
<#<%5?07! 1D0-:-&-! +%8! 8+%A(44%0.7$! :#! #+#B#")7:D7! 17$! 7+%@-1#6%0.7$! 7+,! .%0! E%"?7! +7"%>;&! <-5%:D%8
<$1.6%8! ;! 17$! <$7@?:$5-&! :.%! 1%$0,! 8+-"#:D7&! -4#1."%0$120! 8+-"#:$20-! 17.7:."?E%0.7$! ;! 17@D:.70.7$
7020857! 5#! 17.(44-4-! 1/<$1%+%D-:-! 17$! A5! ,.$-! 17.7! #B7D"#:--! #+$."?+#.7$! >/"D&! 3+"%-)%65#0-5! :8)17.(@#:-
.%8! :80<"%5-.;! ;! >";:.-! -! #+#B#")7:D7! ./0! <#<%5?0/0! @?:-&! 7+,! .%8&! #0! 4,)/! E%"#D&-! +"%1#$5?0%8! 07
+7"?>%80! :.$&! 7"5,<$#&! 7">?&! )$7! .-0! 70.$5#.2+$:-! 17.7:.(:#/0! 70()1-&! .$&! 707)17D#&! +4-"%E%"D#&! )$7! .%0
#0.%+$:5,!.%8!174%60.%&!17$!5,0%!)$7!78.,0!.%0!:8)1#1"$5?0%!:1%+,6!G?4%&-!)$7!.%8&!:1%+%6&!.%8!06!08&"#$%%<-
/&! :#+$1%$0/0D7:! 0%#D.7$! 1(@#! +4-"%E%"D7! +%8! 70.744(::#.7$! ;! <$7A$A(9#.7$! 5#.7B6! #0,&! +#+#"7:5?0%8
7"$@5%6!5#"20!5?:/!5D7&!<$7@?:$5-&!:.%!1%$0,!8+-"#:D7&!-4#1."%0$120!#+$1%$0/0$20-!#02!/&!:H-5,:$%!<D1.8%
#+$1%$0/0$20:! 0%#D.7$! .%! <D1.8%! -4#1."%0$120! #+$1%$0/0$20-! +%8! >"-:$5%+%$#D.7$! #B! %4%14;"%8! ;! 18"D/&! )$7
.-0! +7"%>;! <$7@#:D5/0! :.%! 1%$0,! 8+-"#:$20! -4#1."%0$120! #+$1%$0/0$20! 3("@"%! $! +7"6! 4! 17$! "%56! [+/&! <#
:-5#$20#.7$! :.-! :>#.$1;! 7$.$%4%)$1;! ?1@#:-! 3A46! FY%A! .,5%&! 48! :#46! "%&"'"%&85-! 75! /&! #+$1%$0/0D7! 17.(! .%
("@"%! $! .%8! 06! 08&"#$%%<! @#/"#D.7$! 17$! -! +7"#>,5#0-! 5?:/! <$7<$1.6%8-! 17@2&! 17$! %$! +4-"%E%"D#&! +%8
5#.7A$A(9%0.7$! 5?:/! ./0! 8+-"#:$20! +%485?:/0-! <$74%)$1;&! .-4#,"7:-&! 17$! AD0.#%! 17.(! +7"7))#4D7-! #E,:%0
7E%"%60!707)0/"D:$5%!:80<"%5-.;!;!>";:.--!A5!/&!+"%&!.-0!+"%:.7:D7!./0!#+$1%$0/0$20-!%$!<$7.(B#$&!.%8!#0
4,)/! 0,5%8! :85+4-"20%80! .$&! +"%\+(">%8:#&! :>#.$1?&! <$7.(B#$&! .%8! 06! $$$4#"228-! .%8! 06! 0""4#$%%0! 17$! ./0
0%5%@#.-5(./0! +%8! #1<,@-170! 17.7! #B%8:$%<,.-:;! .%8&-! )5! 7+7)%"#6#.7$! -! >/"D&! (<#$7! +",:A7:-! :.$&
#+$1%$0/0D#&! 7+,! +",:/+7! (447! +4-0! ./0! >"-:.20! ;! >/"D&! .-! :8)17.(@#:;! .%8&-! #1.,&! 70! 8+(">#$! :>#.$1;
"6@5$:-!:.%0!0,5%-!-!%+%D7-!+(0./&-!8+,1#$.7$!:.$&!+"%8+%@?:#$&!17$!.$&!#))8;:#$&!+%8!+"%A4?+#$!.%!("@"%!"2
.%8! C80.()57.%&! 17$! %$! #1.#4#:.$1%D! 0,5%$! 78.%6! 3%8:$7:.$1?&! #))8;:#$&-! (<#$7! <$17:.$1;&! 7">;&! 17$! ?4#)>%&
7+,! *0#B(".-.-! *">;5-! <5! 8+,1#$.7$! :.%! 7+,""-.%! 1(@#! >";:-! 8+-"#:$20! -4#1."%0$120! #+$1%$0/0$20! +%8
)D0#.7$!7+,!.%0!:80<"%5-.;!;#17$!.%0!>";:.-!17$!#7!5!%$!."%+%+%$;:#$&!.%8!06!$8&$#"22&!+%8!#$:()%0.7$!5#!.%0!06
08&"#$%%<! ?>%80! /&! :1%+,! .-! <$7.;"-:-! 17$! 17.%>6"/:-! 8L-4%6! #+$+?<%8! +"%:.7:D7&! ./0! +"%:/+$120
<#<%5?0/0!:#!:855,"E/:-!17$!+"%&!.%!("@"%!2!*!.%8!C80.()57.%&6!'#"7$.?"/-!:65E/07!5#!.%!("@"%!0!.%8!06
02"&#$%""-!17.(!+7"?114$:-!./0!:>#.$120!<$7.(B#/0!.%8!06!08&"#$%%<!3+%8!+"%A4?+%80!17.7">;0!.-!<$7.;"-:-
17$! #+#B#")7:D7! 7+,! .%8&! +7",>%8&! ./0! <#<%5?0/0! .-&! #+$1%$0/0D7&! ./0! :80<"%5-.20! 17$! >"-:.20! 5,0%! )$7
.%8&!:1%+%6&!5#.(<%:-&!17$!>"?/:-&!78.;&-!17@2&!17$!.-0!17.7:."%E;!;!.-0!70/085%+%D-:;!.%8&!5#!.-!4;B-
.-&!#+$1%$0/0D7&5-!%$!+("%>%$!<$7@?:$5/0!:.%!1%$0,!8+-"#:$20!-4#1."%0$120!#+$1%$0/0$20!;!<-5,:$%8!<$1.6%8
#+$1%$0/0$20!8+%>"#%60.7$!07!<$7.-"%60!.7!<#<%5?07!.%8!("@"%8!4!.%8!D<$%8!0,5%8-!,.70!78.(!+7"()%0.7$!;
8+%A(44%0.7$!:#!#+#B#")7:D7!7+,!78.%6&!17.(!.-0!+7"%>;!./0!8+-"#:$20!#+$1%$0/0$20-!#02!7+7)%"#6#.7$!-
<$7.;"-:-! <#<%5?0/0! +%8! 7+%1746+.%80! .%! +#"$#>,5#0%! ./0! #+$1%$0/0$206! F7.(! .%! ("@"%! 8! 78.%6-! .7
<#<%5?07!.%8!("@"%8!4!+7"?>%0.7$!5,0%!:.$&!7"5,<$#&!7">?&-!:65E/07!5#!.-!<$7<$17:D7-!.$&!+"%\+%@?:#$&!17$
.%8&!,"%8&!+",:A7:-&!+%8!%"D9%0.7$!:.%0!06!$4$4#"2286!=02-!17.(!.%!("@"%!"!.%8!#0!4,)/!0,5%8-!-!8+%>"?/:-
<$7.;"-:-&!./0!<#<%5?0/0!17@$#"20#.7$-!+"%1#$5?0%8!78.(!07!17@D:.70.7$!<$7@?:$57!:.$&!7"5,<$#&!7">?&!)$7
.-! <$71"DA/:-! $<$7D.#"7! :%A7"20! #)14-5(./0-! ,+/&! .7! #)14;57.7! 78.(! %"D9%0.7$! :.%! ("@"%8! 8! .%8! 06
$$$4#"228-! #02! <#0! #5+D+.#$! :.%! +#<D%! $:>6%&! 78.%6! .%! +#"$#>,5#0%! ./0! -4#1."%0$120! #+$1%$0/0$20! 17$! %$
+4-"%E%"D#&-! :.$&! %+%D#&! -! +",:A7:-! +"7)57.%+%$#D.7$! 5#! .-! >";:-! <$1.6%8! -4#1."%0$120! #+$1%$0/0$206
G?4%&-!:.-0!7$.$%4%)$1;!?1@#:-!.%8!06!02"&#$%""!3FY%T!.,5%&!42!:#46!"4;!#+65!:-5#$20%0.7$-!5#.7B6!(44/0-!17$
.7!71,4%8@7!.![.$!-!<$7.;"-:-!./0!<#<%5?0/0!.-&!#+$1%$0/0D7&!7+%:1%+#D-!:65E/07!5#!.%!("@"%!"2!+7"6!"!.%8
C6-! :.-! <$71"DA/:-! $<$7D.#"7! :%A7"20! #)14-5(./0-! 17@2&-! 17.(! .%! ("@"%! "! +7"6! "! .-&! K<-)D7&! $%%<#$8#=F-! -
:>#.$1;! 8+%>"?/:-! 7+%:1%+#D! :.-! <$#"#60-:--! <$7+D:./:-! 17$! <D/B-! :%A7"20! +%$0$120! 7<$1-5(./0-! ,+/&
%"D9%0.7$!A(:#$!.%8!#@0$1%6!<$17D%8!./0!1"7.20!5#4206![.$!-!<$7.;"-:-!./0!<#<%5?0/0!.-&!#+$1%$0/0D7&!<#0
:80$:.(!7071"$.$1;!+"(B--!7E%6!78.(!+7"75?0%80!:.7!7">#D7!.%8!+7",>%8-!<#0!8+%A(44%0.7$!:#!#+#B#")7:D7
17$!)0/:.%+%$%60.7$!:.$&!7"5,<$#&!7">?&!5,0%!8+,!.$&!+"%\+%@?:#$&!17$!.$&!<$7<$17:D#&!.%8!#1.#4#:.$1%6!0,5%8
.%8! ("@"%8! "2! +7"6! "! .%8! C6! [.$! -! 7071"$.$1;! +"(B-! .-&! (":-&! .%8! 7+%"";.%8! ./0! #+$1%$0/0$20! <$#0#")#D.7$
17.(!.%!("@"%!8!.%8!06!$$$4#"228-!,+/&!#1(:.%.#!$:>6#$-!)$7!.-!<$71"DA/:-!./0!#1#D!707E#"%5?0/0!#)14-5(./0
:.%! +47D:$%! 70(1"$:-&! ;! +"%70(1"$:-&! 17$! ,.$! <#0! #+$."?+#.7$! +"%4-+.$1;! #+#B#")7:D7! ./0! <$7.-"%85?0/0
<#<%5?0/0-!-!%+%D7!@7!+"%:?1"%8#!:.%!("@"%!"2!.%8!C6!17$!:.-0!7">;!.-&!7074%)$1,.-.7&6![.$!-!#+#B#")7:D7
./0!+4-"%E%"$20!+%8!+"%16+.%80!7+,!.7!<#<%5?07!78.(!#+$."?+#.7$!5,0%!#E,:%0!<$7.7>@#D!-!<$#0?")#$7!.-&
7071"$.$1;&!+"(B-&!.-&!(":-&!.%8!7+%"";.%8!:#!A("%&!:8)1#1"$5?0%8!+"%:2+%8!)$7!.-0!.?4#:-!:8)1#1"$5?0%8
#)14;57.%&!17$!,.$-!:#!70.D@#.-!+#"D+./:--!-!<$#B7),5#0-!7071"$.$1;!+"(B-!#D07$!5-!0,5$5-!17$!(18"-6![.$!:.7
<$7.-"%65#07! <#<%5?07! %+/:<;+%.#! <#0! #5+D+.%80! .%! +#"$#>,5#0%! .-&! #+$1%$0/0D7&! 17$! %$! +4-"%E%"D#&! +%8
+7"()%0.7$! 7+,! .-0! #+$1%$0/0D7! 5?:/! <$7<$1.6%8-! ,+/&! +"%A4?+#.7$! 17$! :.%! ("@"%! $! +7"6! $! .-&! K<-)D7&
$%%<#$8#=F6!F7$!,.$!.7!<$7.-"%65#07!<#<%5?07-!/&!#B/.#"$1(!:.%$>#D7!.-&!#+$1%$0/0D7&-!:80@?.%80-!579D!5#!.%
+#"$#>,5#0%!.-&!#+$1%$0/0D7&-!8+,!#8"#D7!?00%$7!.-0!?00%$7!.%8!7+%"";.%8!.-&!#+$1%$0/0D7&!17$!7+%475A(0%80
.-&! :80.7)57.$1;&! +"%:.7:D7&! .%8! 7+%"";.%8! ./0! #+$1%$0/0$20-! ,+/&! %"D9#.7$! 17$! :.%! ("@"%! 8! .%8! 06
08&"#$%%<6!G?4%&-!17.(!.%!("@"%!8!+7"6!"!.%8!06!$8&$#"22&-!.7!<#<%5?07!+"%:/+$1%6!>7"71.;"7-!)$7!07!.6>%80
0,5$5-&!#+#B#")7:D7&-!+"?+#$!.!75!07!:844?)%0.7$!17.(!.",+%!@#5$.,!17$!0,5$5%!)$7!17@%"$:5?0%8&-!:7E#D&!17$
0,5$5%8&!:1%+%6&!17$!07!8ED:.70.7$!@#5$.;!17$!0,5$5-!#+#B#")7:D7!#0,L#$!./0!:1%+20!78.20!6666!C.%!<#!("@"%!4
+7"6! "! %"D9#.7$! ,.$! #+#B#")7:D7! <#<%5?0/0! +"%:/+$1%6! >7"71.;"7! #+$."?+#.7$! 5,0%! ,.70! .%! 8+%1#D5#0%! ./0
<#<%5?0/0! ?>#$! <2:#$! .-! :8)17.(@#:;! .%86! =+D:-&! :.-0! +7"6! $! +#"6! #7! .%8! D<$%8! ("@"%8! %"D9#.7$! ,.$! 17.7
#B7D"#:-! #+$."?+#.7$! -! #+#B#")7:D7! 17$! >/"D&! .-! :8)17.(@#:-! .%8! 8+%1#$5?0%8! ./0! <#<%5?0/0-! ,.70! -
#+#B#")7:D7! #D07$! 7+%46./&! 707)17D7! )$7! .-0! $170%+%D-:-! .%8! #00,5%8! :85E?"%0.%&! +%8! #+$<$21#$! %
8+#6@80%&!#+#B#")7:D7&!;!%!."D.%&!;!%$!."D.%$!:.%8&!%+%D%8&!7071%$020%0.7$!.7!<#<%5?07!17$!8+,!.%0!,"%!,.$
78.,!3?00%5%!:85E?"%05!8+#"?>#$!+"%E702&!./0!<$17$/5(./0!17$!./0!:85E#",0./0!./0!+"%:2+/0-!:.7!%+%D7
707E?"%0.7$! .7! <#<%5?07! 17$! <#0! @D)%0.7$! %$! @#5#4$2<#$&! #4#8@#"D#&! 78.206! *+,! ,:7! +"%707E?"@-170
+7"?+#.7$!,.$!7+,!.7!("@"7!4!+7"6!"-!2!17$!2*!.%8!C6!17$!.%!("@"%!;!.-&!=CH*!17.%>8"20%0.7$!.7!<$17$257.7!.-&
$<$/.$1,.-.7&!17$!.-&!+4-"%E%"$71;&!78.%<$(@#:-&!.%8!E8:$1%6!+"%:2+%8!37.,5%85-!#02!7+,!.7!("@"7!4!+7"6
"!17$!4*!.%8!C6!17.%>8"20#.7$!.%!<$17D/57!.%8!E8:$1%6!17$!0%5$1%6!+"%:2+%8!:.-0!+4-"%E%"D7!3+4-"%E%"#D0
17$! +4-"%E%"#D:@7$56! 3! 8+#"#@0$1;! ?00%5-! .(B-! 3K<-)D#&! =F5! 17$! -! #:/.#"$1;! ?00%5-! .(B-! 306! $8&$#"22&! 17$
5#.7)#0?:.#"%$5!@?.#$!:#$"(!+#"$%"$:520!:.-0!(:1-:-!.%8!<$17$257.%&!.%8!+4-"%E%"#D0!17$!+4-"%E%"#D:@7$-
2:.#! 07! <$7:E74D9#.7$! -! +"%:.7:D7! ./0! 70.$.$@#5?0/0! <$17$/5(./0! 78.20-! 5#! .-0! ?00%$7! ,.$! @#/"#D.7$
317.7">;05!7+7)%"#85?0-!1(@#!#+?5A7:-!."D.%8!:.7!+"%:/+$1(!<#<%5?07!.%8!E8:$1%6!+"%:2+%8-!70!<#0!?>%80
.-"-@#D! %$! ,"%$! 17$! %$! <$7.8+2:#$&! +%8! .(::%0.7$! 7+,! .%0! 0,5%! )$7! .-0! (:1-:-! .%8! <$17$257.%&! .%8
+4-"%E%"#D0! 17$! +4-"%E%"#D:@7$6! 3! 0%5%@#:D7! )$7! .7! +"%:/+$1(! <#<%5?07! :85+4-"20#$! .%! +"%8+(">%0
@#:5$1,!+47D:$%-!:8)1#1"$5#0%+%$#D!.-!<$(.7B-!+"%:.7:D7&!.-&!+"%:/+$1,.-.7&!.%8!("@"%8!4&!*F!17$!<$#8"60#$
.-0!?00%$7!.-&!+"%:/+$1,.-.7&!:#!:>?:-!5#!.%!("@"%!4&!*F-!2:.#!07!@#/"#D.7$!7+7)%"#85?0-!1(@#!#+?5A7:-
:.7!+"%:/+$1(!<#<%5?07!(44%8!3#85#0;!;!<8:5#0;5-!70!<#0!?>%80!.-"-@#D!%$!#0!4,)/!,"%$!17$!<$7.8+2:#$&!)$7
.-0!(:1-:-!.%8!<$17$257.%&!.-&!+4-"%E%"$71;&!#4#8@#"D7&6!K!06!08&"#$%%<!3#1.#4#:.$1,&!.%8!("@"%8!2*!.%8!C6-
.%! %+%D%! #B7D"#$! "-.(! .-0! 70()1-! +"%:.7:D7&! ./0! +"%:/+$120! <#<%5?0/0! 7+,! .-0! -4#1."%0$1;! :844%);-
#+#B#")7:D7! 17$! >";:-! .%8&5! +#"$?>#$! 0?7! "6@5$:-! +%8! 7+%.#4#D! 75! :85+4;"/:-! 17$! #B#$<D1#8:-! ./0! )#0$120
"8@5D:#/0!.%8!06!$8&$#"22&!17$!A5!:85+4;"/:-!17$!#0D:>8:-!.-&!+"%:.7:D7&!.%8!7+%"";.%8!./0!#+$1%$0/0$20-
+%8!+7"?>#.7$!7+,!.%0!06!$$$4#"228!3#1.#4#:.$1,!.%8!("@"%8!"2!+7"6!"!.%8!C65-!.%0!06!0""4#$%%0!3)$7!.-0!*6H6*6=5
17$!,:7!0%5%@#.;57.7!#1<,@-170!17.7!#B%8:$%<,.-:-!78.206!I.:$-!5#!.%!("@"%!8!.%8!06!08&"#$%%<-!%+%$7<;+%.#
>";:-!8+-"#:$20!-4#1."%0$120!#+$1%$0/0$20!3<$7ADA7:-!;!70.7447);!+4-"%E%"$20!17.(!.%!("@"%!$!+7"6!4!.%8
D<$%8! 0,5%85-! +%8! +7"?>#.7$! 5?:/! <-5%:D%8! <$1.6%8! #+$1%$0/0$20! 17$! 8+-"#:$20! -4#1."%0$120! #+$1%$0/0$20
+%8!#D07$!<$7@?:$5#&!:.%!1%$0,-!+"%:.7.#6#.7$!"-.(!7+,!.$&!"8@5D:#$&!)$7!.%!7+,""-.%!./0!#+$1%$0/0$206!3!<#
(":-! .%8! 7+%"";.%8! #+$."?+#.7$! 5,0%! 8+,! .$&! +"%8+%@?:#$&! 3,"%8&! 17$! 4,)%8&5! 17$! .$&! <$7<$17:D#&! +%8
+"%A4?+%0.7$! 7+,! .%! ("@"%! "2! .%8! C6! 17$! .%0! 06! $$$4#"228-! ,+/&! $:>6#$6! K! 06! 08&"#$%%<! ?>#$! 7+%14#$:.$1;
#E7"5%);! )$7! 9-.;57.7! #+#B#")7:D7&! +"%:/+$120! <#<%5?0/0! 17$! <$7:E(4$:-&! .%8! 7+%"";.%8! ./0
#+$1%$0/0$20! :.%! +#<D%! >";:-&! -4#1."%0$120! #+$1%$0/0$20! +%8! +7"?>%0.7$! 7+,! <-5,:$7! <D1.87! 17$! #D07$
<$7@?:$5#&!:.%!1%$0,6!=02-!%!06!$8&$#"22&!?>#$!#E7"5%);!)$7!9-.;57.7!#+#B#")7:D7&!+"%:/+$120!<#<%5?0/0!:.%
+#<D%!>";:-&!-4#1."%0$120!8+-"#:$20!+%8!<#0!#D07$!<$7@?:$5#&!:.%!1%$0,-!17@2&!17$!)$7!1(@#!9;.-57!:>#.$1,
5#!+7"%>;!-4#1."%0$120!8+-"#:$20!+%8!<#0!"8@5D9#.7$!#$<$1,.#"7!7+,!.%0!06!08&"#$%%<6!C8071%4%6@/&!17$!5#
<#<%5?0%! ,.$! :.%! ("@"%! 4! .%8! 06! 08&"#$%%<! #+707475A(0%0.7$! %$! )#0$1?&! 7">?&! +"%:.7:D7&! ./0! +"%:/+$120
<#<%5?0/0! 17$! .-&! $<$/.$1;&! 9/;&! +"%:7"5%:5?0#&! :.-! E6:-! ./0! -4#1."%0$120! #+$1%$0/0$20-! 7+7"$@5%60.7$
%$! +#"$+.2:#$&! +%8! @#5#4$20%80! .-! 0%5$5,.-.7! .-&! #+#B#")7:D7&! 3:65A7:-! 17$! :8)17.(@#:-! -4#1."%0$1;! ;
?))"7E-! ;! "-.;-! #$<$1;! 17$! ?))"7E--! 17.(! +#"D+./:-5! 17$! +"%A4?+%0.7$! #B70.4-.$1(! %$! #$<$1?&! +"%8+%@?:#$&
8+,!.$&!%+%D#&!#D07$!0,5$5-!-!#+#B#")7:D7!./0!+"%:/+$120!<#<%5?0/0-!7+%14#D#.7$!:85+4-"/57.$1;!#E7"5%);
.%8! ("@"%8! 4! +7"6! $! +#"6! #7! .%8! 06! $8&$#"22&-! -! %+%D7-! ,+/&! ;<-! :-5#$2@-1#-! #+$."?+#$! .-0! #+#B#")7:D7
+"%:/+$120! <#<%5?0/0! 17$! >/"D&! .-! :8)17.(@#:-! .%8! 8+%1#$5?0%8! ./0! <#<%5?0/0! 3,.70! -! #+#B#")7:D7! #D07$
7+%46./&!707)17D7!)$7!.-0!$170%+%D-:-!.%8!#00,5%8!:85E?"%0.%&!+%8!#+$<$21#$!%!8+#6@80%&!#+#B#")7:D7&!;!%
."D.%&! ;! %$! ."D.%$! :.%8&! %+%D%8&! 7071%$020%0.7$! .7! <#<%5?07-! #E,:%0! 78.,! 8+#"?>#$! +"%E702&! ./0
<$17$/5(./0! 17$! :85E#",0./0! .%8! 8+%1#$5?0%8! ;! ./0! 8+%1#$5?0/0! ./0! <#<%5?0/0! 17$! <#0! @D)%0.7$! %$
@#5#4$2<#$&!#4#8@#"D#&!78.2056
=+%5?0/&-! <#0! #D07$! :600%5-! -! )02:-! ;! 7+,1.-:--! 7+,! ,")707! .%8! E%"?7! +7"%>;&! <$7@?:$5/0! :.%! 1%$0,
8+-"#:$20! -4#1."%0$1;&! #+$1%$0/0D7&! ;-! +%46! +#"$::,.#"%-! 7+,! %+%$%0<;+%.#! ."D.%0! 3+%8! <$7@?.#$! ;
+"%:E#6)#$!:#!70(4%)-!.#>0$1;!<807.,.-.75-!+4-"%E%"$20!+%8!70.744(>.-170-!<$7A$A(:.-170!;!<$71$0;@-170
5?:/!<-5%:D%8!<$1.6%8!+7"%>;&!-4#1."%0$120!#+$1%$0/0$20!:#!+"%:/+$1,!-4#1."%0$1,!4%)7"$7:5,-!>/"D&!.-
:8)17.(@#:-! .%8! >";:.-! 3:80<"%5-.;! ;! 5-5! ./0! :8)1#1"$5?0/0! -4#1."%0$120! 8+-"#:$20! )$7! +"%:/+$1%6&! ;
#+7))#457.$1%6&! :1%+%6&! 17$! >/"D&! 07! .-"-@%60! -! <$7<$17:D7-! %$! ,"%$! 17$! %$! +"%8+%@?:#$&! )$7! (":-! .%8
7+%"";.%8!17.(!.%0!06!$$$4#"2286!
=+$+4?%0!-!+7"#>,5#0-!+"%:.7:D7!./0!<#<%5?0/0!+"%:/+$1%6!>7"71.;"7!#0$:>6#.7$!17$!5#!78:.-"?&!+%$0$1?&
18"2:#$&-! +%8! +"%A4?+%0.7$! )$7! %+%$%0<;+%.#! +7"7A$(9#$! .$&! :>#.$1?&! <$7.(B#$&-! #D.#! 78.,&! :80<?#.7$! 5#
%+%$%0<;+%.#!.",+%!5#!.%0!+("%>%!-4#1."%0$120!8+-"#:$20!+%8!#D07$!<$7@?:$5#&!:.%!1%$0,!#D.#!+",1#$.7$!)$7
+",:/+%! (:>#.%! 5#! .%0! +("%>%! 3("@"7! "4! +7"6! "! 06! $8&$#$%%<! 17$! ""! +7"6! "'$! 06! 02"&#$%""56! G7! <#! :>#.$1(
7+%<#$1.$1(! 5?:7-! +%8! 7+%1.20.7$-! (5#:7! ;! ?55#:7-! 57! 78.,0! .%0! .",+%-! #D07$! +7"(0%57! 17$-! :65E/07! 5#! .%
("@"%! "2! +7"6! 0! .%8! C6-! <#0! #+$."?+#.7$! -! >";:-! .%8&! :#! ,4#&! .$&! <$17:.$1?&! ;! <$%$1-.$1?&! <$7<$17:D#&6! F7.7
#B7D"#:--!#D07$!@#5$.;!-!>";:-!78.20!./0!7+%<#$1.$120!5?:/0!>("$0!+"%:.7:D7&!(44/0!<$17$/5(./0-!,.70-!7+,
.-!:8)1"$.$1;!:.(@5$:-!./0!#1(:.%.#!70.$.$@#5?0/0!17$!:8)1"%8%5?0/0!<$17$/5(./0!17$!5#!A(:-!.-0!7">;!.-&
7074%)$1,.-.7&-!%!7+%14#$:5,&!.-&!>";:-&!.%8&!%<-)#D!:#!$<$7D.#"7!:%A7";!+"%:A%4;!./0!<$17$/5(./0!78.20-
-!%+%D7-!4,)/!.-&!E6:-&!;#17$!.-&!A7"6.-.(&!.-&-!:80$:.(!17$!+"%:A%4;!.-&!70@"2+$0-&!7BD7&!17.(!.-0!?00%$7
.%8!("@"%8!$!+7"6!"!.%8!C66!
C.-0!+"%1#D5#0-!+#"D+./:--!:>#.$1(!5#!.%8&!4,)%8&!707D"#:-&!+%8!+7"7+?5E@-170!:.-0!K4%5?4#$7-!.%!=E#.#D%
*@-020! <?>.-1#-! 5#.7B6! (44/0-! .$&! #B;&! %8:$7:.$1?&! +7"7<%>?&! .! [.$! -! 707$"#:#D%8:7-! )$7! 07! 7+%<#DB#$! .%8&
$:>8"$:5%6&! .-&-! #+$174?:.-1#! 17$! +"%:1,5$:#! 70.D)"7E7! #1.8+2:#/0! -4#1."%0$120! 7">#D/0! <$7E,"/0
5-085(./0!17$!+4-"%E%"$20-!.7!%+%D7!7">#D7-!,+/&!+"%16+.#$!7+,!?1@#:-!$<$/.$1;&!+"7)57.%)0/5%:60-&!+%8
-! D<$7! #+$174?:.-1#! 17$! +"%:1,5$:#-! +"%?">%0.7$! 7+,! +"%:/+$1;#$<$/.$1;! -4#1."%0$1;! 744-4%)"7ED7! 17$
<$71D0-:-! 5-085(./0! 17$! +4-"%E%"$20! .%8! <#6.#"%8! 707$"#:DA4-.%8! 5#! ."D.7! +",:/+7! 3+4-0! .-&
707$"#:#D%8:7&'#")%<,."$7&5! 5?:/! <$1.6%8! +7"%>;&! :.%! 1%$0,! 8+-"#:$20! -4#1."%0$1;&! #+$1%$0/0D7&-! :.%0
+"%:/+$1,! .%8! 4%)7"$7:5,!:666:!37.%5$1;&! -4#1."%0$1;&! <$#6@80:-&! (')*+,5-! :.%0! %+%D%! <#0! #D>70! %+%$7<;+%.#
+",:A7:-! -! 707$"#:#D%8:7! 17$! ."D.%$! 3+%8! <#0! <$?@#.70! .%0! :>#.$1,! 1/<$1,! +",:A7:-&56! [.$! .%! :>#.$1,
+4-"%E%"$71,! 84$1,! 7+%@-1#6.-1#! :.%0! :14-",! <D:1%! -4#1."%0$1%6! 8+%4%)$:.;! $<$%1.-:D7&! .-&
707$"#:#D%8:7&-! +%8! >"-:$5%+%$%6:70! 7+%14#$:.$1(! %$! <6%! 707$"#:DA4-.%$! 3*6! F6! 17$! Q6! '65! ;! +",:/+7
#B%8:$%<%.-5?07! 7+,! 78.%6&! 35#! >";:-! .%8! %$1#D%8! 58:.$1%6! 1/<$1%6! +",:A7:-&56! [.$! %! <#6.#"%&
707$"#:DA4-.%&! <$?)"7L#! .%! :>#.$1,! +4-"%E%"$71,! 84$1,! 3+%8! ;.70! 17.7>/"-5?0%'#0:/57./5?0%! :#! 84$1,
E%"?7!.%8!-4#1."%0$1%6!8+%4%)$:.;!+%8!>"-:$5%+%$%6:#5!+"%.%6!7+%>/";:#$!7+,!.-0!707$"#:#D%8:7!17$!+"$0
+7"7<2:#$! :7! 78.;! .%0! -4#1."%0$1,! 8+%4%)$:.;! 3@?4%0.7&! ?.:$! 07! <$7.-";:#$! 7+,""-.%! 17$! $<$/.$1,! .%
+#"$#>,5#0%!./0!7">#D/056!F7$!,.$!.7!:>#.$1(!7">#D7!+#"$;4@70!:.-!)02:-!17$!.-0!17.%>;!.-&!707$"#:#D%8:7&-
>/"D&! .-! :8)17.(@#:-! .%8! <#6.#"%8! 707$"#:DA4-.%8! 17$! >/"D&! 07! ?>#$! .-"-@#D! -! <$7<$17:D7! )$7! (":-! .%8
7+%"";.%8!./0!#+$1%$0/0$206!*1%4%6@/&-!7E%6!?1"$0#!,.$!.7!:>#.$1(!?))"7E7!:80$:.%60!+7"(0%57!7+%<#$1.$1(
5?:7! 17$! <#0! .7! ?47A#! )$7! 78.,0! .%0! 4,)%! 8+,L--! 7+?""$L#! 3/&! +"%&! .%8&! #0! 4,)/! 707$"#:DA4-.%8&5! 5#! .-0
707$"#:$A744,5#0-! 7+,E7:;! .%8! /&! 7A(:$5-! 17.7! %8:D7! .-0! ?E#:-! .-&! 707$"#:#D%8:7&! 17.(! .-&! 7+,E7:-&
80&%#$%""!.%8!'%485#4%6&!'"/.%<$1#D%8!*@-020-!+%8!#D>#!7+%""DL#$!/&!7A(:$5#&!.$&!70.D:.%$>#&!7)/)?&!.-&6
P+,! .$&! +7"7+(0/! %8:$7:.$1?&! +7"7<%>?&-! 17.(! .-! 5#$%L-E%6:7! )025--! +7"7A$(:.-170! .%! 7+,""-.%! .-&
#+$1%$0/0D7&-!.%!<$17D/57!:#A7:5%6!.-&!$<$/.$1;&!9/;&!17$!.%!<$17D/57!.-&!+4-"%E%"$71;&!78.%<$(@#:-&!.%8
<#8.?"%8! 707$"#:$A4;.%8-! 5#! .-! )02:-! 17$! 7+,1.-:-! 7+,! .-0! 707$"#:#D%8:7! 317$! 5#! .-! )02:-! ,:/0! ."D./0
:855#.#D>70! :.-0! 70(1.-:-5! .%8! +"%707E#",5#0%8! +4-"%E%"$71%6! 84$1%6-! >/"D&! .-! :8)17.(@#:;! .%8! 17$
>/"D&! .-0! .;"-:-! .-&! <$7<$17:D7&! )$7! (":-! .%8! 7+%"";.%8! .-&! #+$1%$0/0D7&6! C8071%4%6@/&-! .7! :>#.$1(
?))"7E7!+%8!7+%1.;@-170!5#!78.,0!.%0!.",+%!17$!+"%:1%5D:.-170!7+,!.-0!707$"#:#D%8:7!5#!#+D14-:-!)$7!.-0
7+,<#$B-! ./0! 7)/)$120! $:>8"$:520! .-&-! 7+%.#4%60! +7"(0%57! 7+%<#$1.$1(! 5?:76! H#0! :80?."#>#! <#! :.-0
+"%1#D5#0-! 8+,@#:-! @#5$.;! +#"D+./:-! )$7! 17.7! #B7D"#:-! >";:-! ./0! +7"70,5/0! 78.20! 7+%<#$1.$120! 5?:/0
>("$0! +"%:.7:D7&! .%8! <$17$257.%&! .-&! #+$>#$"-57.$1;&! #4#8@#"D7&! .-&! 707$"#:#D%8:7&! 17$! 7+,<#$B-&! .-&
7)/)$1;&!7+7D.-:;&!.-&!)$7!7<$1%+"71.$1;!7+%9-5D/:-!7+,!.-!:85+#"$E%"(!./0!707$"#:$A4;./0!8+744-4$120
:.#4#>20!.-&-!17@,:%0!7+,!.-!:8)1"$.$1;!:.(@5$:-!./0!:8)1"%8%5?0/0!<$17$/5(./0!17$!7)7@20!./0!<$7<D1/0
5#"20!17$!5#!A(:-!.-0!7">;!.-&!7074%)$1,.-.7&-!%!7+%14#$:5,&!.-&!>";:-&!./0!#0!4,)/!7+%<#$1.$120!5?:/0-
17.(!.-!)025-!.-&!5#$%L-ED7&-!<#0!%<-)#D!:#!$<$7D.#"7!:%A7";!+"%:A%4;!./0!<$17$/5(./0!.-&!707$"#:#D%8:7&-
-!%+%D7!07!:80$:.(!.78.,>"%07!17$!+"%:A%4;!.-&!70@"2+$0-&!7BD7&!17.(!.-0!?00%$7!.%8!("@"%8!$!+7"6!"!.%8!C6-
2:.#! 07! #+$A(44#.7$! -! 5-! #E7"5%);! .-&! 7+7)%"#8.$1;&! #+$.7);&! .%8! ("@"%8! "2! +7"6! 0! .%8! C66! =+%5?0/&-! .%
=E#.#D%! <#0! +7"7AD7:#! .$&! <$7.(B#$&! .%8! ("@"%8! "2! .%8! C6! 3;! 17$! (44#&! <$7.(B#$&! .%8! C6! ;! %8:$7:.$1%6! 0,5%8-
78.#+7))?4./&!#"#80-.?#&!:.-0!707$"#.$1;!<D1--!17.(!.%!("@"%!4<$!+7"6!8!F'%4H5!17$!%"@(!<#0!?47A#!8+,L-!.7
#+D57>7!7+%<#$1.$1(!5?:7-!+%8!-!707$"#:#D%8:7!#+$174?:.-1#!17$!+"%:1,5$:#!)$7!.-0!7+,<#$B-!.-&!7)/);&!.-&
17.(! ./0! 707$"#:$A4;./0-! %$! <#! :>#.$1%D! 4,)%$! 707D"#:-&! +%8! +7"7+?5E@-170! :.-0! K4%5?4#$7! ?+"#+#! 07
7+%""$E@%60!/&!7A(:$5%$6!

BAAN6!S#.(!7+,!78.(-!:65E/07!5#!.-!<$(.7B-!.%8!("@"%8!4;%!+7"6!4!F'%4H-!+"?+#$!07!)D0#$!<#1.;!-!?0<$1-!7D.-:-
707D"#:-&!-!17.(!.%8&!/&!(0/!4,)%8&!37+,!.%8&!7"$@5%6&!"!17$!""!Q!)!.%8!("@"%8!442!.%8!F'%4H5-!07!707$"#@#D!-
+"%:A744,5#0-!7+,E7:-!17$!07!+7"7+#5E@#D!-!8+,@#:--!+"%&!+#"7$.?"/!#1<D17:--!:.%!D<$%!<$17:.;"$%!+%8!@7
:80.#@#D! 7+,! (44%8&! <$17:.?&! 3("@"%! 4;%! +7"60! -! ,+/&! 70.$17.7:.(@-1#! 5#! .%! ("@"%! ."D.%! .%8! ("@"%8! "! .%8
068004#$%"456! G?4%&! .7! <$17:.$1(! ?B%<7! +"?+#$! 07! :85L-E$:.%60! 5#.7B6! ./0! <$7<D1/0-! #+#$<;! -! #"5-0#D7! ./0
170,0/0!<$17D%8!+%8!#E7"5,:@-170-!;.70!$<$7D.#"7!<8:>#";&!3!("@"%!"&2!F'%4H56

!"#!$%&'!(%!%&'!#&$%&'

U#/"#D!+/&!-!5#!7"$@56!17.7@6!666$%"8!7D.-:-!.-&!707$"#:#D%8:7&!702085-&!#.7$"#D7&!5#!.-0!#+/085D7!:*=!666:-
<#0!7:1;@-1#!,:%0!7E%"(!.%8&!<#6.#"%!3Q6!'65-!.?.7".-!702085-!#.7$"#D7!36665!17$!+?5+.-!702085-!#.7$"#D7!36665
./0!707$"#:$A4;./0!)$7!707D"#:-!.-&!8+7!7"$@56!42%"#$%"0!7+,E7:-&!.%8!=E#.#D%8!*@-0206

*07$"#D!/&!+"%&!.%8&!+"2.%!17$!."D.%!707$"#:$A4;.%8&!.-0!8+7!7"$@6!42%"#$%"0!7+,E7:-!.%8!=E#.#D%8!*@-020-
17.(!.7!#$<$1,.#"7!:.%!:1#+.$1,!707E#",5#076

'7"7+?5+#$!.-0!8+,@#:-!+"%&!+#"7$.?"/!#1<D17:--!:.%!D<$%!<$17:.;"$%-!+%8!@7!:80.#@#D!7+,!(44%8&!<$17:.?&6
F7$

C85L-ED9#$!.7!<$17:.$1(!?B%<7!5#.7B6!./0!<$7<D1/06

F"D@-1#!17$!7+%E7:D:@-1#!:.-0!*@;07-!:.$&!"$!N70%87"D%8!$%"&6

H-5%:$#6@-1#!:#!<-5,:$7!:80#<"D7:-!:.%!71"%7.;"$,!.%8-!:.$&!"<!W#A"%87"D%8!$%"&6

3!'OK=HOKC!

3!QO*SS*G=*C

.!L*CG!GE!9((!DE))(CG9R!SCTEFGIC*G(,U!GJ+9!T(*GIF(!F(VI+F(9!DEEW+(9!DIFF(CG,U!CEG!*,,EX(Y!MU!UEIF!9(GG+CZ96![EI
)*U!D,+DW!J(F(!GE!DJ*CZ(!GJ()!+T!UEI!X+9J!GE!I9(!GJ+9!T(*GIF(6

!"#$%&'(!)*+",-,".'( /",01234!51&6,7

3!E%"%4%)$1;'4%)$:.$1;!+64- *07:1,+-:-!:80%4$120!@#5(./0 C80<"%5-.$1;!P+-"#:D7!*">#D%8

#0-5?"/:-&!G*\J(*](C6ZF!#D07$ 707!5;07 Y,5/0-!*+%E(:#/0
$<$%1.-:D7!.-&!#.7$"#D7&
^*\J(*](C!*6=6 *+%E(:#$&!CRKG C80<"%5-.$1;!P+-"#:D7
H$7<$1.87120!C#5$07"D/0
R%)$:.$1,!:>?<$% 3X(M+C*F95

/ H6R6'6!'!H6'6V6*6 P+-"#:D7!*+(0.-:-&
'"%:/+$120!="/.-5(./0
'"%:@?:.#!+4-"%E%"D#&!.%8
F4D571#&!E%"%4%)D7& =+D48:$&
1,5A%8!3#$<;:#$&!'!7+%E(:#$&!5
#$:%<;57.%&
:.-0!$:.%:#4D<7!:7&
^*\!_(*](C!HI,,!`*DW

!"#$%&'(!$'*.8'(!51&6,7 ΕΠΙΚΟΙΝΩΝΗΣΤΕ ΜΑΖΙ ΜΑΣ

35#"%4,)$%!8+%>"#2:#/0 Τaxheaven Α.Ε.

B?^!22;;""04$
C844%)$1?&!:85A(:#$&!#")7:D7&
0 $"%'<&&0&$$
C#5$0("$7!."D./0 1 $"%'<&48";$
2 *+%:.%4%+%64%8!<8-!F6!V74(0<"$
L(M+C*F9!1,5A%8

a'9JEK
C.#D4.#!(')*+,!:.%0!1,5A% 3

ΚΑΤΕΒΑΣΤΕ ΤΟ APP ΜΑΣ ! ΑΚΟΛΟΥΘΗΣΤΕ ΜΑΣ

4
( ) * ,

5 ^*\J(*](C!b!$%$$