You are on page 1of 38



 
  
!#"%$&'())*,+.-0/21436578
^ DSA`_a:=ABY[KbD ^dc9;:=?<=:H>@:H?TVAB:eVCEfFDFAKg>B:HGJfFTRILhgK#MiM':HNPG`OE>`jkNR:HQSY[DShmTVlU DF<XY]WRY]:=Y[Z]nS\R:F\(oR: 9DFTRhRDST4oRpq
rts(uv!w6uvyx
zk{}| :~jkTRZ[>BZ]DSTD ^ _af8>@A`Z_af8>BABZfFY]nF:HIRABf
4{ A@fFTGB\(DSGB:8o(<=DS_\RY]:<HDFT)`?RnLf8>B:fFTRh0E:HA`_aZ>@Z]fFT#<HDFT)`?RnLf8>B:FN
4{ hRCJZ]?RfFY]nSYdDS_aTRfFf8Y;>BABfFZTRhgo;hRIRZ]Y[fFD nS<XDSaTR>@fFABYZ]fF_aTRnSf8?>@A`YZfFAo4_b?RTf8Z[>B>}ABZ_a f8>@A`Zo
>@A`ZfFTnS?RYf8A_bf)>@ABZ;\kfFA`>BZ[>BZ]DSTR:=h_bf)>@ABZo4IRY]D6<X
{ TLQS:=ABG`:_af8>@A`Z
4{}| :~>@:HA`_aZ[TkfFTL>@G
4{ A@fF<=:tD ^ f_af8>@A`Z
{ 9;Z]T:fFAZ[TRhR:H\(:HThR:HTR<=:tD ^ _af8>@A`Z]<H:=G
4{ U \(:H<=ZfFY;_af8>BABZ]<=:HG
N[ygU6K6__a:~>@A`Z]<fFThVfFTL>BZ]G`K6__a:~>@A`Z]<_af8>@A`Z]<=:HG
NSgA`>BWRDSnSDFTkfFY4_af8>@A`Z<=D DFABhRZ[Tkf8>@:>BA@fFTG ^ DSA`_bf8>BZ]DSTG
NPLJ:HAB_Z[>BZfFT#fFTRh0fFTL>@Z]W:HAB_Z[>BZfFTb_bf8>BABZ[<H:HG
NpJTRZ[>@fFA`Kb_bf8>BABZ
4{} Z]nF:HTLQ8fFY]?R:=GJfFTRh:HZ]nF:HTLQS:=<=>@DFABGHhRZ]fFnSDSTRfFY]Z[f8>BZ]DSTD ^ _bf8>BABZ[<H:HG
z6;{ 9;Z]T:fFAG`Z]_?RY>XfFT:HDS?RG:=?kf8>@Z[DSTRG
z(zk{}  :HA`<HZ]G`:HGfFTRhg\RABDFIRY]:=_aG

kDz ^ {T ?R_wLI(u:HA`vyGH,o%s(>@uWR:msFv8~7]~Jb~kv~8o7hR:=jRkTR,(:HwhILyK {g>BWR :_a\RABf8DF>B\AB:=ZmA`>@Z]Z[G}:HGgfFT tDSA`>@hRD:HA` :Hh~>NOD8: hR^ DFZ]_AB::HTG`>@GBf8Z]DF>@TkZ[TRfFnVY7fF>BWRA`A@:HfG`K :


\RA`DS\M:=:A`>BZ]G`:HWkG=fFoRY]Y?RWRG`Z]<X?kWfFY]hRYKV:~jkhTR:H:}TRDF>@WR>B::}_b_af)f8>@>@ABA`Z[Z<H:=o GIL:tKm_<?Rf8\RG`>Z[>@Z[fFTY>BABY[:=D6>`hR>@?R:HA`<=G:G`DSo;_a:o7TR DF>Xf)o>@tZ]DFo;T0fF Tf8TRhmhg>@WRDF:>@WR_a:=Af8hR>@A`:=Zjk0T:HZ[>@Y[:HZ[DS_TR:HG=TLN >@G
ILSK >@;W:HH<HkDSA`AB:HfFG`\ThDFTRhRZ]TnS(Y[D! ;:=A=<kfFG`:N Y]:=W>`?R>@:=GABG:JWkZ[>BfWQS:J>>@WRD: GB^ ?DSIRY]Y[GBD!<=ABZ]Z]\ TR>@nGHo:=6GB??Z[<XQ8WfFY]fF:=TLG>ST!DFo>Xf8@>BbZ]DS:=T>BG <FN^ oDSAftW:H_aAB:gf8>@tA`Z

  R H, 
LLBB LL HHLL

.2S~%L=t H
y
SLS H'L
@)WR.Z[G(:H6?k`Sf8N >BZ]DSTW:GBWRGB:=D!<HDSGThm>@WkGBf)?R>I>@GBW<HA`:bZ]\jk>ABGZ]>GGBGBZ[?_aIRZ[GBY<=fFABA`Z]Y[\ K>>@nSWRZ[:gQF:HXG) >B WR:#A`Dy(6T`S?RN _I(WR:HA=:\kZfF>Z]AZ[GtD >B^ WRT6:H?A`:_^ DSIA`:=:#ABGE<fF Y[Y]:=fFhTRhV>@WR :
hR<f8:~Y]jkY]:=TRh:HGfF>@TgWR:m )`6~_aDFf8Ab>@A`FZb~\RA`~DS TR)DSg?RD T^ <H:H>@hW:`b_af8IL>BKLABZN _a ^ f8>@>@A`WRZ: _aN f8>@A`ZVWkfFG} A`D!GfFThi<HDFY]?R_TRGHo;Z>}Z]G
Z]T^ i>BWR :GB\(:H<=>@WRZfF: Y4_a<HfFf8GB>B:=ABGZZ[G <f8SY]o Y]:=hmWR:HfT Z[H>Z[FG @<f8Y]Y]:=FhgfS4X)Z ^  F2SZoR>DSZ]AGEV<fFY[Y]:=Sho@XWR~:=T0F Z
F>6Z]G F<HfFY]Y[:HFhgfVX:) 6<H:H\ >
F~SN WR:}_af8>@A`Zb:HY[:H_:HTL>@GD ^ ABD! f8TRh0<=DSY]?_aT_af8>@A`Z]<=:HGfFA`:}A`Z[>`>@:HTZ>@WfGBZ]TnSY]:G`?RIRGB<=ABZ[\>N
eVf8>BABZ[<H:HGJfFA`:}hR:=jkT:HhVILK#>BWR: ^ DSY]Y[D!Z]TRn\ABDS\(:HA>@Z]:=GH
)s 7w!v  D  _bf)>@ABZ[<H:=Gd.2S~dfFTRh 2@~dfFA`::H?kfFYkZ S.X ^ DSA7fFY[Y  S@ 
fF TR)ha@) F"! S@ FN XX$#tF %~@~k)`6~F@
)&HRF'
)s 7w!v ( W:aG`?R_D ^ >D  _bf)>@ABZ[<H:=G SHf8TRh 2@=Z]G>BWR:  _bf8>BABZ
) +*~WRDSG`:}_bf8>BABZ#:=Y]:H_:HTL>BGEf8AB:}nSZ[QF:HTILK
*XS- , @ ^ DSAfFY]Y F@ fFTRh  S@ 
fF TR)h@)Z]GFh :H"!TR/DF>B.1:H0kh0I~K 6 ) $ # ,bFN 2 XX$ #tF %~@~k )`6~}]}
) 63 2%
B4 '
)s 7w!v (( WR:a\RABD6hR?R<~>D ^ >@W:b  _bf8>BABZ 2S~}fFTRhi>BWR:T6?_I:=6A 5Z[G}>BWR: 
_af8>@A`Z ) 7 *X~WRDSGB:}_af8>@A`Zb:HY[:H_:HTL>@GJfFA`:nFZ[QS:=T0ILK
*8
5L ^ DSAf8Y]Y
  S@ f8TRhb9  S@: 
fF TR)h@)Z]GFh :H"!TRDF;>B0k:Hh0FI K %~) @~8
X5k$ #tN 2 F XX 2S~F( @H]3 0k~6 $ #E F(

= <y F(a]6~
)B > ) ?

< @ ,= <yA '


)s 7w!v BC WR:g\RABD6hR?R<~>D ^ SHfFTRh@H3 DEGFZ]T>@WRf8>DSA`hR:HHA FZ]GhR:=jkT:HhIZ 
J .kZ>Z]G >BWR:}_bf8>BABZ ) 7*XH-EWRDFGB:_bf8>BABZ#:=Y]:H_:HTL>BGfFAB:}nSZQS:HTILK

* K S L L ^ DSAfFY[Y4  S@ fFThb OS& P


LNM
fF TR)h@)Z]GFh :H6QTRRDF!>B:H3 h00kIK F) H S(@aHFN ~ ]
) 63 2%
Ba # . T '
 )@)FUQ&QR!
30k}`S]~~
X$#30kEFVS(@HFk~
 J6!XJ
)WS(X;0k}`S]~~
X$#;0kS(@HF~
) 6 !; 0k W S(F@(HFAk^ ~7 ] 6F3 @2%#
6B3#2%
%8BP\ 30k~Y 'Z30kQ;#[X!>~a); 0 J /S(@H.FkF~(,[aP7_] >~\E&FH(R F 0k)~k
XX[ `>~ )X3 `09S(S( @)H(FF~Xa'

Q~(6XB\ ) F(b^ 7c
6~
~`Fd>~0$#F %~@~kt)`6~Net;0kfF@V$#g&HRF)`6~)kX #t F(
Ha!FX3k0 ~H@3#F)X@30FF2E XXF'Z2gm6f6hF 2~lS( BiF30k)F] u~as(unB)mS!s( ) CFo;(v![vy^ ;p(w7'Q~];
60k~g
`~ BFX`-S(>~2 )F( %F~XB)~k!i'k-j 0k
~
q< 8r )
Hay;0 FF( <=DS__?>@:"'

O :=<fF?RG`:#D ^ >BWR:Z]_\DSA>XfFT<H:D ^ >BWR:DSABhR:=AD ^ >@WR:a_bf)>@ABZ[<H:=GZ[Tf_bf)>@ABZ\RA`D h?R<=>HodfFG:~ \RA`:HGBG`:HhZ]T


lDSA`DSY]Y]fFA`K B oDSTR:VG@fK6Gg>BWkf8>a>@WR:m_af8>BABZ Z[G9S(@~ lS( BVILK Z]T >BWR:m\RA`D hR?<=>bof8TRh Z]G
Sk!~ lS( B}ILKg Z[Tg>BWR:}\RABD6hR?R<~>EN
lZ]TDS>@TRWRG`:tZ]hRGB:=:=ATR>@GBWR::>BWk_bf8f8>J>B>@ABZ[WR<H:t:HG_b f8>BABZS\RABHD6hR?R <~o;>@ G 2@fF=TRhm& D fF) TRh fFAB) :thR:=jk7 *XT~:H+h4DN EHN WR:W:H\RZ]AA`D DShRAB?hR<=:=>ABG}fF A`:Z]GE<HDFfF_aT0\k f)>@Z]IY]:

_af8>@A`Z%Z[>Z[Gt>BWR:HA`: ^ DSA`:<HDS_\kf8>BZ]IRY[:Z>@W ) ^ DSA_) ?Y[>@Z[\RY]Z[<f8>BZ]DST


oZ2N:8Nm>@WR:b\RABD6hR?R<~> ) :~ Z]G >@GHJ N
UY f)Z[>B_a>@:=Z[YA fF>A`Y[KD\R:tA`D <HhRfF?T0<=G`>@:HGE:fF>@A`WR:f8:H>EfF?kY]fFG`Y2DR>@WR:}:}<\Rf8A`TD hR>BWR?:H<=A`>J: ^ DSA` :hAB DS\g:>@Z[G`WR>B:}GHN IRAB_afF<X\(FDS:~>@AG>XfFfFTLTR>hZ]G >BABWRZ>@:}: G`>@f8>@:=_a:=T>>BWkf8>>@WR:
) .2 ) % )
>@eVWf8Z]G>BAB_aZb:HfF_TR?RG Y[>B>BZ]Wk\Rf8Y[>JZ]<_bf)>@f)Z]DF>@TABZ#fFY[_GBD?RGBY[f8>BZ]>@\RZ[G`Y[Z]jk<:=f)G>@Z]>BDFWRTa:GBFf8]>@~Z[G`jk+ >H:= G>B; WRhF:a)FX7!!~Z ^ F>B2WR; hF:G`?RF_ 7N D ^ .fFTRh fFTRhb>BWR:\ABD6hR?R<=>
) Z[GhR:=jRTR:Hh4ok>BWR:HTg>@WR:}\RA`D h?R<=>BG,@ ,  ) fFTRh ) fFA`:}fFY]G`Dh:=jkTR:=hmfFTh4ok_aDFAB:HD!QF:HAHo
@ , ) ) , )
^ D ^ >BWR:Q8fFY[Z]hRZ>KD ^ >@WR:}f8GBGBD6<HZ]f8>@ZQS:fFTRhhRZ[G`>@A`Z]IR? >@Z[QF:Y]f!GD ^ _bf)>@ABZ_?RY>@Z]\Y]Z]<Hf8>@Z[DSTZ]G
R
W

:
R
\
B
A
6
D
D

Y]: ^ >JfFGJfFTg:~ :HA`<HZ[GB: ^ DSA >@WR:}A`:fFhR:=AHN


4G{ s TykfFuhRRx h 7Z[>@sZ[DSx=Tmw t>@mSD0s(\Ru ABDF \,:=wA`@ >@Z[:HmSGas( u vwo(>BD v! wk~yu o4x?WRz0Z[<XwW)hR:~,jkv!TRk:@u >@WRmS:as(u fFvY]onF:HIRABv!fw {D ^ _bf)>@ABZ[<H:=GHo;:afFY[GBDhR:=jkT:
>@W: DF\:=A@f8>BZ]DSTRGD ^ `F`Sk!~2 )k oR<=DS_\RY] :<HDFT)`?RnLf8>BZ]DSTfFTh|{~2FX)w}a
LF )aD ^ _af8>@A`Z]<H:=GHN
s ykux 7s(xvys(u Z[G>@W:DF\:=A@f8>BZ]DSTD ^ :~ <XWkf8TRnSZ]Tn>BWR:gABD!GD ^ f_af8>BABZZ>@WZ[>BG<HDSY[?R_aTGHN W:
_af8>@A`ZaDSI>@fFZ]TR:=hILK#>@ABfFTRGB\(DSG`Z[>@Z[DST ^ A`DS_>BWR:  m_bf)>@ABZa 2S~Z]G<fFY[Y]:Hha>@WR:`F`Sk!!D ^
fFTRhhR:HTDF>@:=h0ILKg ~N7 ~Z[GfFT0  _bf)>@ABZbWDSGB:}_af8>@A`Zb:HY]:=_a:=TL>@GJfFAB:}nSZQS:=T0ILK
R LB LB HS% 
R

~ 2y= R L L HS
H, LH L HH SH
W6?GHo ^ DSAZ]TG`>Xf8TR<H:8oR>@WR:>@ABfFTRG`\DSG`:}D ^ f  _bf8>BABZ#Z[Gfa  _af8>@A`Z
   ~  LB LB
LLBB LL LL
<HDFWRT): `?RmSnLsf8>B:H GJ,DwL^@>@WRmSs:}u <HvwDFoABAB:=GBv!\(w DSTRD hR^ Z[>@TRWRn:_b_bf)f)>@>@ABABZZ#:=Y]:=Z]_aGhR:=:=TTR>BDFG>BD :H^ htILK}N WFZ[>BG_bf8>BABZ:HY[:H_:HTL>@GfFA`:%>BWR:<HDS_\RY]:
W?RGHo ^ DSAZ[TRG`>@fFTR<H:8o
r <Jr <Er r]

`7f(iffl77937N7iV|_7llVRV77lfwW_7==i7li7_7iWiw`nn
f7l1_7llVRil$Xwi$7ili

z0w)vy,kumSs(u vwo( vys(u Z[G>@W:GB:H?R:=TR<H:D ^ DS\(:HABf8>@Z[DSTRGD ^ <=DS_\RY]:#<=DST)`?RnLf)>@Z]DFTgfFTRh#>@ABfFTRG`\DSG`Z


>@hkZ[fFDSnFT nS:HAZ]T ~:=N Z[>@WW:H?RA}G DSABh:HAXNMi:GBWkf8Y]Y7hR:=TRDF>@:>@W:bJ:HAB_Z[>BZfFTV<HDST)`?nLf8>@:D ^ IKW\ABDSTRDF?RTR<H:=h

, ~ , ~
^ DSY]Y[DyZ[TRn v wsyw6 >@WR:>BA@fFTGB\(DSGB:D ^ >BWR:_af8>@A`Z\RA`D hR?<=> Z]G:=6?RfFY>@D
a
_
(
\
S
D
`
A
@
>
F
f
L
T

>
[
Z
E
G
@
>

W
:

>@W:\^ ABD6hR?R<=>E ~ ~ N
7 ABD6D :tWRf!QF:t ~ 2 ~ 2y fFTRhGBZ[_aZ[YfFA`Y[K ^ DSAbokW:HTR<=:FoZ ^n) +* H7.boR>@W:HT
*  K L L L K ~L ~ L K ~ L ~L `* 
L
L
L
WR:=AB:Z[T>BWR:Y]fFG`>G`>B:H\b:WRf!QF:hR:~jkTR:=h#>@WR:J_bf)>@ABZ:HY[:H_:HTL>U`* D ^ fT:= _af8>@A`Z ) N W?RG:WkfQF:
) ) ~
fFTRhWR:=TR<H: ) ) ~ NO?> ) ~ , ~ fFTh ) ~ ~ oRWR:=TR<H:
 ~ . ~ ~

T>@W:EDF>BWR:HA%Wkf8TRh4^ o6DSTR:<fFTaGBWRD!}o6?RGBZ[TRntfFnLfFZ[T>BWR^:JhR:=jkTZ[>@Z[DSTD ^ >BWR:_bf)>@ABZ\RA`D h?R^ <=>Ho6>BWkf8>%>@WR:


<HDF_a\RY[:~0<HDFT)`?RnLf8>B:tD Z[GE:=?kfFY>BDa>BWR:\RA`D h?R<=>D fFTRh o
Z]Tg>@WRf8>DSA`hR:HA=N > DSY[Y]D!G>@Wkf8>
>@W:tJ:HA`_aZ>@Zf8T<HDST)`?nLf8>@:}D ^ Z[G:H?kfFY;>@D>BWR:}\RABD6hR?R<~>E D ^ fFTRh
, .
4G{ R !ovy,2v!s(uw v!x )t-xv!,)Rstuk,s mixv!,)R,T st-uokuvaRnu x v!)s mtv!)v!)k,kuu  oo,Ra#v!)v87
U ?RWR<X:=WAB:GB\(f8AB:H:}<HZ]_bfFY7f8_aTK#f8>@_bA`Z]f8<H>B:=ABGZ[<H:HZ]GY[YdIWR:Z[<XZ[W0T>BWRABf!D6QFhR:?R<=G`:H\h:=<HnSZf8A@Y;fFh\R?kABDSfF\(Y]Y:HKSAN>@Z[J:HGJ:HABfF:TRh:a>@WRZ[:=TAB>B: AB^D6DFhRAB?R:<=fF:AB:>BWRnS{ : ZQS^ :HDSTY]Y[DyGB\(:HZ[TR<=ZnbfFY;>K6TR\(fF:H_aG:=D GH^ N
>@GB\(W:U:H<=SZfFFY_a2f8)>@
A`Z]B<Hb:=GHF>BWR:V\_k6>H]!%NaFF2(
6S)o (FF (
6fF)TR(hF>H7]!NF2SFo 6
Fk F}FFS~oSNF
F FF2So7f8G:HY[YfFG
Ny _bf)>@ABZ#Z[G<fFY[Y]:=hk6;F~}Z ^ fFY[Y4Z[>BG_bf)>@ABZ#:=Y]:=_a:=T>BGJfFAB::=6?RfFY;>@DH:=ABDRN
Mi:G` WkfFY[YfFY[^fK GhR:=TRDF>B:T?RY[Y4_af8>@A`Z]<H:=GGBZ[_a\RYKbILKg=:HABDkZ[>G`WRDS?RY[h0I(:}<HY]:HfFA ^ ABDF_ >@W:<=DSTL>@: >JWkf8>
>@W:DFABTbhRZ[:=_aAJ\(D DSAf>XfFTTL?R>%Y]Y4\R_aA`DSf8\>B:=ABA`Z>bKZ]G=D N^ >@WR:JT?RY]Yk_af8>@A`Z9 Z[G%>BWkf8>Ho f8hRhR:Hha>@Dtft_af8>@A`ZD ^ >@WR:JG@fF_:JDSABhR:=AHo
Z[>Y[: fQS:=GJ>BWR:}_bf)>@ABZ# ?TR<XWkfFTRnF:Hh4 @ ,'.
hRNPZ]SfFnSDS Tkf8_bY4f):H>@Y[:HAB_Za:HZ]TLG>@<G=f8N Y]Y]:=Wh?RFGEf(
6hR)Z(f8FnS4DSTkfFFY_b~}f)>@Z AB^ ZZ#>@G Z[G_aD f8^ >@>@A`WRZb: :H^ DSY[:HA`__ :HTL>@GJfFA`:H:HA`Da: <H:H\ >G`DS_a:DFAfFY]YD ^ Z>@G

 r r r 
r r r
. r H Hr L r
r r r L=
>@WWR::=ABh:ZfFTRnSDFDF>TkfFfFY4Y[Y_aD f8^ >@>BA`WRZa:>@hRWkZf)f8>nSDSZ[>TkfFZ]GYf:HY[:HG`_6?R:HfFTLAB>@:G}_bSf)>@f8ABABZ:N :H?kf8Yd>@DH:=ABDRN >}Z]GZ[_a\Y]Z]<=Z[>JZ]Tm>BWR:hR:~jkTRZ[>BZ]DSTD ^

 NL W:hRZf8nSDSTkfFY_af8>@A`Z^ oWRDSGB:hRZfFnFDSTkfFY:HY[:H_:HTL>@GfFAB:fFY]Y:H?kf8^ Y>@DDSTR:Fo Z]G<fFY[Y]:=h#fb6k7F2SN


ZMi]pEGT:TRZ[D8>GB>Wk_bfF:Hf8Y[Y>B?kAB?RfFZ[<HG`Y4?k:H>BG%fFDbY[<HY[ffFKTb hRhR:H TZ
DF:=>@A :?RTR?RA`Z[DST>_ Z[_a>:_af8f8>B<Xf8ABW#Z>@A`Z]DFo <=>@:=:HW>@G<8:HANILKZ]Ta>@WR:=Z[Z]>AGBDSWRABDShR?:=Y]ABhG=N fF Y W6f?K6GHGo IDF:A<HZ[TRY]:HG`fF>@fFA TR^ <=A`DS:FoR_ ft>B WR:<=DS?RTLT>@:~Z[>6>}_bf8>BWkABf8Z >
>@?RWTR:Z>DS_bABhf):H>@A ABZD #^ Z[f8GTZ]KbT#\k>@fF:=AAB>@_Z]<=G?RD Yf8^ A>BWR?:TRZ[q>AB_bDSf8TR>B:=AB<XZF:=Z]AGH$N <HDSTLQF:HTRZ[:HTL>JTRDF>Xf)>@Z]DFTbD ^ >BWR:_af8>@A`Z:HY[:H_:HTL>@GD ^ >@WR:

r ZDF^ >@W:H A` Z[GB:


W?RGE:ABZ>@:Fo ^ DFAZ]TRG>XfFTR<=:FoR>BWR:}  ?TRZ[>_af8>@A`Z#fFG
r r rr rr
'+ ~=$ ` r r r
r r r
TbZ[_a\(DSA>XfFTL>\RABDF\:=A`>KD ^ >BWR:E?TRZ[>_bf)>@ABZ9 'Z]G%>@Wkf8>Ho _?RY[>BZ]\RY[Z]:HhILKaftG`?kfFAB:_bf8>BABZ.D ^ >@WR:

G@f8_a:}DSA`hR:HA=okZ[>Y[:fQS:=GJ>BWR:}_bf8>BABZ#'?RTR<XWRfFTRnS:=h4
V
CED8>@:>BWkf8> Z> Z[GZ[_a\RY[Z]<=Z[>%Z]T>@WR:Yf8>`>@:HA:H?kf8>BZ]DSTa>@Wkf8>>@WR: 0?RTRZ> _af8>@A`Z/ <=DS__?>@:=GZ[>BWfFTLK
 _bf)>@ABZ#tN WRZ]G<f8TI(:}GBWRD!T0IKg?GBZ]Tn>BWR:}hR:=jRTRZ[>BZ]DSTD ^ >@WR:}_af8>@A`Zb\RABD6hR?R<~>
7 t K ~ L L .S
LNM
fFTRhGBZ[_aZ[YfFA`Y[K ^ DSA >BWR:}\RABD6hR?R<~>JV aN
N A`ZfFTnS?RYf8A_af8>@A`ZN
IR?_a>JTRf8>BD8AB>Zf8Y]Z]Y
G_a<fFf8Y[Y]>B:HABhaZb :HS4Y[Sk:H_~:H2TL>@GF 4
F"6aFZ>B^ WRf8:}Y]YLhR_aZf8f8nS>@DSA`TkZ}fFY
:=fFY]:HAB_:}:H:=TL6>B?R_G fF"Y4>@ DwTRDS>@?WRnS:WLhR>ZN f8nSDSTkfFY6fFA`::=?kfFY >BDTRDF?RnSWL>o
IR?_a>JTRf8>BD8AB>Zf8Y]Z[Y
G_a<HfFf8Y]Y[>B:HABhZb]):HY[:H~_:HTL>@FUG a
F wF Z>B^ WRfF:}Y]YLhR_aZf8f8nS>@DSA`TkZfFY
:=fFY]:HAB_:}:H:=TL6>B?RTG fF4Y4">@aDTR7DS>@?RWnF: WhR>HZN f8nSDSTkfFYf8AB::=?kfFY>@DTRDF?RnSWL>o
fF_a\Y]:HGD ^ >@A`ZfFTnS?RYf8A_af8>@A`Z]<H:=GfFAB:
r L R L3 
. r r L ?\R\:=A>@ABZ]fFTRnS?YfFA
r r r " `
LB Lr rr rr
LB L r Y]D!:=A>@ABZ]fFTRnS?YfFA
" @ "  4  " `
lN S lDSfFTRAGB>@Z[ZhR>@:HZ]DFAJTR>@:HWRh: _a^ DSf8Y]Y[>@D!A`Z]<=Z]:HTRGHnoIR_aY]D6f8<X>@bA`Z]<HhR:=Z]GHfFoknSDSTRWRfFZ[<XY;WfFTR\RhgYfIRKY[D fF<XTmaZ[>@_aABZ]\(fFDSTRAnS>X?fFYTLfF>AAB_bDFY]f8:>BABZ]TVZ[<H:HA`G=:HNY]f8>@ZQ Z[G`>BZ]<?kfFTL>@?_ _:~
<XWkfFTZ]<HG=
rr rr r r 
rr rr r <Jr 
rr rr r <tr 
S
% r r r  r <Jr r r r r
r r r
r r r
r < r r

>bZ[GaG>@A@f8Z]nSWL> ^ ^ DSA`fFABh>@D<HfFABAKDS?>a>@WR:IkfFG`Z]<VDF\:=A@f8>BZ]DSTRGD ^ _bf8>BABZfFY]nF:HIRABfDST >@WRZ[GaG`:=>#D ^

_af8>@A`Z]<H:=GHN W?RG=o DFAZ]TRG>XfFTR<=:Fo


rr rr V ,r H <r 
1, r Z< r r
V , r
r
r
^
0
e
R
?
[
Y
B
>
]
Z
R
\

Y
6
K
]
Z
R
T

n
B
>
R
W
:
b
_
8
f
B
>
B
A
[
Z
H
<
H
:

G
[
Z
J
G
F
f
B
G
[
Y

D

G
@
>
B
A
F
f
]
Z
S
n
L
W
>
S
D

A

F
f
`
A
0
h

I

?

>
`
G
S
D

_
=
:

k
W
8
f
J
>
@
>
=
:
R
h
]
Z
F
D
R
?
H
G

N


f
6
Q
]
Z
R
T

n
@
>

S
D
B
A

DS?>}>BWR:_bf)>@ABZm\ABD6hR?R^ <=> }Z]G}f ^ fF^ Z[ABY[K>@Z[_a:<HDSTRG`?R_Z]TRn#>@^ fFGBNO?>>BWRZ]GDSABVZ]GGBZ[_a\Y]Z[jR:HhmZ ^


:^ >@fFF:afFhQ8fFTL>Xf8nS:D >BWR:G`>@A`?R<=>B?RAB:D >@WR: _a^ f8>@A`Z]<=:HGH>BWR: DS?RA_af8>@A`Z:=Y]:=^ _a:=T>BG}Z]T>@WR:?R\R\(:HA
Y]?R: \R>`\(:HWkAfFTRA`Z]hnSWLf8>`TRh#WkfFZ]TRTh>@WRfF:Th0Y]D!Y[Dy:=A:HA`AZ]nSY[: WL^ >`>WkWkfFfFTRThbh<H<=DSDSA`ABTRT:H:HA`ABG GWkDSfABQF_ :t G`Z]_ \RtY]T:?RGY[K6Y_a_a_f8>B:=AB>BZ]A`<=K#:HG=\ AB>@DSW\(: :HADS>@Z]?R:=AGHN_b9;f):=>@>ABZ[?R<H:=GGhRZ[:=TbTR>@DFWR>B::
>@W:Y]f8>B>B:HA >BWRAB:=:  _af8>@A`Z]<H:=GILAK
~o kf8TRh k!oAB:HG`\:=<=>BZ[QS:=Y[KFo(Z2N:8N

% r r k r <Jr k r <tr
2L
f<HFDFTR_ah\kf8AB<=Z> >@]: ^ DSAB_^ DSA>@W:V  mT?RY[Y_bf8>BABZ
N W:HT :<fFTABZ>@:>@WR: _af8>BABZ]<=:HGZ[T>BWR: ^ DSY]Y[DyZ[TRn

7

 k k k k
DSA:=QF:HT0_aDSA`:<HDST<HZ]G`:HYK
R R 'S(
i S

^ ^
_af8>@ A`Z]WR<H: :=WG _afFf8TR>Bkh ABZ]<=R:HG}fFZ]ABT:}>@<HWfF: Y]Y[:Hh#DSA`>@_^ W:D ~ >HGHFN~, XXDSDAa^ i >@SWR: fF A`:a_b<Hf8fF>BY]Y[AB:HZ[<H|h :HG=SN F~WR: )^
?RBY]YI_a:HfFf8?>@A`>Z]Kg<H:=D GH^ N \k fFAWR>@:Z>@Z] DFTR :Hh
_af8>@A`Z]<H:=GZ]Y[YI(:fF\^ \RAB:=<HZf)>@:HhZ :<HfFABAKVDS? >}fFY]YfFY[nS:HIRABfFZ]<tDS\(:HA@f)>@Z]DFTRGZ[TV>@WR:?TR\kfFA>@Z[>BZ]DST:HhfFTh
Z]T0>@WR:\kf8A`>@Z>@Z[DSTR:Hh DSAB_N WR:=T:<HfFTGB:=:>@Wkf)>>@WR:Yf8>`>@:HAJ fKVZ]Gf#nFAB:f)>Yf8IDS?AG@fQ6Z]Tn#hR:=Q6Z[<H:FN
lDSTRG`Z]hR:=A>@WR:}_af8>@A`Z\ABD6hR?R<=>


k k
= k
=k
^ WR:=AB::fFY[GB:DbWRA`:f!fFQFY[:Z]G`fF:\R>B\RWkY[f8Z]:H>h0
>@=WRk:A` ?RY]7:tk)D o^ _bWRf8Z[>B<XABWmZVZ]GJ_:?RfFY[G`>BZ]Z]Y\RKY[Z]hR<DSf)TR>@Z]:tDFTILKVAB:D! \Y]Z] <=Z[>J<HDS_Y[?R?R_Y>@Z[T \RaY]Z[<>Bf8D#>B>@Z]DSWRT4:oG`>@?RWIR:H_aTVf8>@:A`Z]<H<:=f8GHT N
ABZ>@:>@W:A`:HG`?RY[>Z[Tg>BWR: ^ DSAB_ D ^
7 k i k[
DSA=okZ ^ :}fFTL>J>BDaA`:=>B?RABTg>@D>@W:?TR\kfFA>@Z[>BZ]DST:Hh ^ DSA`_0o
r <Er rr rr
r r r
r r r <E
TRZ[WR:H:TL>}\k>@fFDgA>@\kZ[>BfFZ]DSA>@TZ[Z]>BTRZ]DSnTmG`WRfgD!_aTVf8>BZ[ABTgZV>BWRIL:KfFABI(D!DyQFG:tDS:AfFIL_aK\<HY]DF:Y]?RZ]G_DFTRTRGHY[K#G`f:H:\kGBf8:=A`<=>@>BZ[<HZ]DS?RT Y]fFAN<HfFGB:8>@NW:HU A}DF_aZ]_:~\>@Z]DF_A`>X:Hf8GTZ[>><Z]GfFG`<=:HDSGtTLfFQSAB::

>H]!NbF(
6)(F6fFTRh>H]!N~F
F6F_af8>BABZ]<=:HG=N

WRZ[<XWV<f8TI(:}\kfFA>@Z[>BZ]DST:Hh#>@W?RG=


Lr B
rr

W6?GE<=DSTRGBZ[hR:HA>BWR:}IRY]D6<XbhRZ]fFnSDSTRfFY
_af8>@A`Z
 r r r
Lr Hr r Hr
r XB X
r XB X

Z
WR:=AB:
H HH 


LB L XB XX fFTRh rr rr rr
XB XX
DSTgWRZ[G WR\kZ]fF<XAW>@Z[DS>BTRZ]DS:}TWkZ]TRf8n}G>BDZ]Y[Y(<fFI(A`:A`K\RfFDSA`? >B>Z]<Hf8?Y]YnSfF:=A`IRY[KA@fF?RZ[G`<: _a^ ?RfFYTRZ ^ Z[\R ?RYf)Z]>@GZ]DFDSTRTRGH:N D ^ fGB:~>D ^ _af8>@A`Z]<H:=GD ^ G`Z]_Z]Y]fFA7G`>BAB?R<~>@?RA`:
T:~fF_\RY]:D ^ fIRY]D6<Xb>BABZf8TRnS?RY]fFA_af8>@A`ZbZ]G >BWR: ^ DSY]Y[DyZ[TRnR
R r r r 
BL r r r

*! *! H HH
X
*~*~BB *~*~ XXBB XX
X
WRZ[<XWV<f8TI(:}\kfFA>@Z[>BZ]DST:Hh#>@W?RG=
)
WR:=AB:
** 
) *B
*
*B
*
fFTRhofFTRh WkfQF:>BWR:}\RAB:~Q Z[DS?RG_:fFTRZ[TRnRN
Mi{ :iH:uWkp(fQFw:i)xHG`wD ^ fF Av!)h,:= jk{ TR:=h.>BWRAB:=:fFY[nS:HIA@fFZ[<mDS\(:HA@f)>@Z]DFTRGD ^ _bf8>BABZ[<H:HG=fFhRhRZ>@Z[DST4oJ_?RY[>BZ]\RY[Z]<Hf8>@Z[DST ILK
T?R_I(:HA`Gtf8TRhi_af8>BABZ0_?Y[>@Z[\RY]Z[<f8>BZ]DST
NM:WkfQF:af8Y]GBDG`:H:=Ti>@WRf8>>@WR:G`?RI>BA@fF<~>@Z]DFTD ^ _af8>@A`Z]<=:HGhRD6:HG
TRDFWR>g:=ABA`:#:HZ[G?RZ[DFAB:TR:bff8GBY]nS:=:=\kIRfFA@ABfFf8Z[>@<:DShR\(:~:HjkA@TRf)Z[>@>BZ]Z]DFDSTT GIR>@Z[?Y]Y7>g_<f8Z]GBTG`Z]TRI(n:oABTR:=fFhR_a?R<=:=:HY[Kh h>@Z[DQ6Z]fFG`Z]hRDShRT4ZNa>@Z[DSCETD!}fFTohZ[>}_>@?R?RA`Y[TR>BZ]G\RY[DSZ]?<f)>>@>@Z]DFWkTf8>}IL>BK WR:H@A`S: N
Z]GETRDb_:f8TRZ]TRn ^ ?RY4 fK0D ^ hR:~jkTRZ[TRnb>@W:hRZQ Z[GBZ[DST0D ^ >Db_bf8>BABZ[<H:HG=N TRG`>B:fFhDST:hR:~jkTR:HGE>@WR:tTR:fFA`:HG>
:H?RZQ8fFY]:=T>Ho;TkfF_:HYK>BWR:hF~@!JD ^ f#_bf)>@ABZNT<H::Wkf^ QS:>@WR:h:=jkTRZ>@Z[DSTmD ^ >@W:Z]TLQS:=ABGB:Z>Z[Y]Y
I(:H<HDF_a:}<HY[:fFA WLKg^ DST:T:=QS:=AEG`\:HfFGf8IDS? >>@WR^ :}hRZQ Z[GBZ[DSTD DSTR:}_bf)>@ABZ#ILKgf8TRDF>@W:HADSTR:8N
WR:aZ[TLQS:HA`GB:aD fg_af8>@A`ZZ[G}hR:=jkT:HhDFTRY[K DFA HF@_af8>@A`Z]<=:HGHN AB:=<=>Xf8TRnS?RY]fFA_bf)>@ABZWkf8GTD

Z]TLQF:HABG`W6:F?N GE<=DSTRGBZ[hR:HA>BWR:} _af8>BABZbN >BGZ]TLQS:=ABGB:}Z]Y[Y4I(:hR:HTRD8>@:Hh0ILKG fFTRhhR:=jRTR:Hh0IK


E
WR:=ABH: 7 ~=H N

WR:aZ[TLQS:H A`GB:>@W?RGh:=jkTR:=hZ]G}<HfFY]Y[:Hh>@WR:
06hF~@!~oI:=<fF?GB:a:WkfQS:b_?RY[>BZ]\RY[Z]:Hh DST>@WR:

ABZ[nSWL>ILKgG N7Mi:<HfFTfFY]G`DhR:=jkT:>BWR:]3#hF~@!ILK
.
IR?>:G`WkfFY]YGBWDy>@WRf8>^ >BWR:Y]: ^ >Z[TQF:HA`GB:Z]G:H?kfFY>@Db>BWR:ABZ[nSWL>Z[TQF:HA`GB:FN >Z[GE>BWR:HA`: ^ DSA`:J`?RG`><fFY[Y]:Hh
Z]7TLABQFD6:HD AB^G`:Fo:EZ[Wk>BWRfQSDS:?>E>B WR: `Y]: > ILDSKa9A hR`A`:=Z]jknSTWLZ[&> >@RZ[DSN T4oWR:=TR<H:8oRZ ^ :\AB:H_?RY[>BZ]\RYKILKb o6:nS:~> E 7

CED! fF\ \RY[ K >BWRoL:fFWRG`:HGBA`D6:<HZ]Z[f8T>@Z>BQSWR:J:JYYffFG>>@GD>@:=>@\aWR:JY]:: ^ Wk>`fWkQSfF:ETR?RhGB:=GBhaZ[hR>B:FWRo : WR:H^ ?TRTR<=:hkfF_ :H TL>Xf8Y(\ AB DS%\( :HA,>GK D ^ >BWRG:E ? TRo Z[>fFTR_ahaf8>@>@WRA`Z:=T N
\(DSG`>B_?RY[>BZ]\RYKbILK.,G okWR:=TR<H:
R    
CED!}o>@WR:J:~ \RA`:H^ G`GBZ]DFTRGZ[TG`?kfFAB:JIRABfF<XF:~>@G f8AB:JIDF>BW:H?kfFYk>@HD ILKhR:=jkTZ[>@Z[DSTD ^ >BWR:ABZ[nSWL>Z[TQF:HA`GB:FN
Mi:WRf!QF:>BWR:HA`: DSA`:>BWR:}AB:=GB?RY>>@Wkf8>
.
CEDF>B:>@Wkf)>DS?RA\RABD6D ^ Z[GG`>BZ]Y[yY f:Hh4J:WRf!QF:?RGB:=hm>@WR:Z]hR:=T>BZ[>K0 Z>@WRDS? >\RA`D D R^
ILKgDahR\R:=A`jRD!QSTR:}Z[>B>@Z]DSWRTiZ[GG` >Xf) >@ :HN _ :HTLZ]G >>BWR:t:}<HZ]TLfFQST0:=\ABG`AB:tD6<HD :H^ :=Gh0 Y[Z] 8oR:>@WR>@WR:=ABZ[GH: ^ DFAB:
, =
fFTRhZ ^ :\AB:H_?RY[>BZ]\RYKbILKfFTRh?RG`:}>BWR:fFGBG`D <=Zf8>BZ[QF:Yf}oR>@WR:=T:}nS:=>
, = E = .V
fFTRhGBZ[TR<H:}ILKghR:~jkTRZ[>BZ]DSTE 8 ^ :}nS:~>>@WR:}G`>@f8>@:=_a:=TL>N
_DSG`>JZ[_a\(DSA`>@fFTL>\RABDF\:=A`>KgD >BWR:Z]TLQS:=ABGB:t_bf)>@ABZZ[GEZ>@G?RTRZ[6?:HTR:=GBGHN >E_?RG>I(:t:=_a\WkfFGBZ[GB:=h
>@Z]TLWRQFf8:H> ABG`Z[>:Z]DSG \(IL:HKA@f)TR>@DZ]DFTR_G:f8TRWRG Z[<XDSWgILQ6fFABZ]DS:?
G )>@Wk?Rf8T>Z]>@WR?R::HYZ[KbTQFh:H:=A`jkGBTR:}:=_bh4of)>@^ DSABZAaZ]TRZ]G G>X?RfFTTZ]<H:?R:HZ[TYK#>B:HhRnS:~ABjkf8>@TRZ[:=DS h4T4N oZ ^ T <=^ DSf8TR<=G`>Z]o hR:=AB::HhgTRf8D!G >@WRD : ^
Z]TLQF:HABG`:tD ^ hRZ
:=AB:HTL>BZf8>BZ]DST4N ^ W?RGEZ>Z]GTR:=<H:=GBG@f8A`Kg>@D\RA`DyQF:>BWR:}?RTRZ[6?:HTR:=GBGJD ^ >BWR:}Z]TLQS:=ABGB:_af8>@A`ZN
M:J<fFA`A`KDS? >>BWR:E\ABD6D ILK_bf86Z[TRn}>@WR:J<HDSTLQF:HABG`:fFG`GB?R_\>@Z[DST4o Tk fF_:HYK>@WRf8>>BWR:JZ]TLQS:=ABGB:_bf8>BABZ
Z]GTRDF>?TRZ]^?R:=Y[K0hR:=jkT:Hh4o;Z2N:8N>@Wkf)>:<fFTWkfQF:>D_af8>@A`Z]<=:HGHo fFTh WRZ[<XWfFAB:tIDF>BWm>@WR:
Z]TLQF:HABG`:HGED tofFTRh>@W:HTV\ABD6<H:H:=h>BDGBWRD! >BWkf8>>@W:=KfFA`::H?kfFY2N W?RG>@W:tf8GBGB?_a\>BZ]DSTgZ[G >@Wkf8>
 fFTRh  8
fFTRhZ[> ^ DFY]Y]D!G>BWkf8>
 <E r
fFTRhWR:=TR<H:8o(ILK>BWR:}hRZ]G>@ABZ[IR?>BZ[QS:Y]f}o
, < %r
fFTRhZ ^ :\AB:H_?RY[>BZ]\RYKa>BWRZ]G:=6?Rf8>@Z[DSTgIKg ,DSAILKg oR>@WR:=T:}nS:=>
, < % < r
Z]Tkf8Y]Y[K:fFY[GBDT:H:HhfE>BWR:HDFAB:H_ <HDST<H:HA`TRZ]Tn>@WR: Z[TLQS:HA`GB:D ^ >BWR: \RA`D hR?<=>7D ^ >D}GB?kfFA`:_bf)>@ABZ[<H:=GH


7ABD6D ^ OKgh:=jkTRZ>@Z[DSTD ^

>@WR:}Z]TLQF:HABG`::WkfQS:
,=
WR:=TR<H:8oZ ^ :\RAB:=_?RY[>BZ]\RYKIKg f8TRhfF\R\RYK#>@WR:fFG`GBD6<HZ]f8>@ZQS:Yf}o:nS:=>
,=  .
IR?>WR:HA`:E>BWR: ^ f8<=>@DFA , Z]G%:=6?RfFY(>BDt>BWR:?RTZ[>_bf)>@ABZfFTRha<fFT>@WR:=AB: ^ DSAB:EI:JDS_Z[>B>B:Hh4N ^ :TRD!
\RA`:H_?RY>@Z[\RY[KaILK9 :}nS:=>
 ,
fFTRhWR:=TR<H:}>@WR:}G>Xf8>B:H_:HTL>N
fFfTLQ6>Z]T>@n#DhRjk:=jRTTRh.:Hhmfi>B_aWR::~>@Z[WRTD6QFh:HA`GBD :^ _afF<~f8>@>@?kA`fFZY[Y[Kf8TR<HhVfFY]:=<=G`?R>XYf8f8IR>BZ]Y]TRZ[GBnWR:=>@hmW:mZ[>BGEZ]TL_QS:=DSABG`G`>E:Z]_D ^ \(fDSA`nS>@fFZ[QFTL:H>ET \_aABDSf8\(>@:HA`AZ>@Z]N:=GJMi::mTkGBf)WR>@fF?RY]YJABfFGBY]:=YK:
>@WRf8>Z]TDSABhR:=A>@DhDm>@Wkf8>:TR:=:HhKS:~>fFTRDF>BWR:HA<HDSTR<=:H\>Ho%TkfF_:HY[K>BWR:6~~~^ (FkD ^ fm_af8>@A`ZN
D| ^ :=f#>B:HA`_b_af)Z[>@TkABfFZTLN>@GU fFDA`o;Z]G`Z ^ :#IL:K>BTR?RD^ABT_Z]:TmfF>BTRWRG:DFTRTR:Y[K >Z]TG`:H<=<H>BDFZ]TRDSTRT:H>B<~Dg>@Z[DSfgThZ]GBZ[<=>@?RWGBG`>BZ]WRDS:T\RD A`^ DShRIR:~Y]>@:=:=_ AB_D Z]TkfFjkTLT>BhRGHZ]o;TRZ[n>>BZ]GWR:ZZ]>@TLWQS:=>@ABWRG`::
?RTRh:HABG>XfFThRZ]TRn>@Wkf)>>@WR:~K AB:=6?:HTL>@YKfFABZ[GB:Z]TgT?R_:HA`DS?RGJfF\R\RY[Z]<Hf8>@Z[DSTRGHN
4{ wLv!w)uRuvyx {
6lN rL TL>@A`D h?R<=>BZ]DST4N
6N[yA :HAB_?>Xf8>BZ]DSTGHN
6NS | :~jkTRZ[>BZ]DSTD ^ >BWR:}hR:=>B:HAB_Z]TRfFTL>D ^ fGB?kf8AB:_bf8>BABZ
N
6NPLA 7ABDF\:=A`>@Z[:HGD ^ hR:=>B:HA`_aZ[TkfFTL>@G=N
NP N[y | :~>@:HA`_aZ[TkfFTL>D ^ >@W:}>BA@fFTGB\(DSGB:8N
NP NS TL>@:=AB<XWkf8TRnS:D ^ A`D!GEDSA<=DSY]?_aTRG=N
NP NPLge0?Y[>@Z[\RY]Z[<f8>BZ]DSTaD ^ fh:=>@:=AB_Z]Tkf8T>ILKfT?R_I(:HA=N
NP N | :~>@:HA`_aZ[TkfFTL> Z>@Wg>D:H?kfFY;A`D!GEDSA<=DSY]?_aTRG=N
NP N SgU ?_ D ^ hR:=>B:HAB_Z]TRfFTL>@GHN
6N | :~>@:HA`_aZ[TkfFTL>D ^ hRZf8nSDSTkfFY2o G`F:~ hRZ]fFnSDSTkf8YfFTRhg>@ABZ]fFTRnS?YfFA_bf8>BABZ[<H:HG=N
6N S | :~>@:HA`_aZ[TkfFTL>D ^ IRY]D6<XShRZ]fFnSDSTRfFY o6IRY]D6<XSG`F:= hRZf8nSDSTkfFY4fFTRhgIRY]D6<XS>BABZf8TRnS?RY]fFA_af8>@A`Z]<=:HGHN
6N A 7ABD6hR?R<~>JD ^ h:=>@:=AB_Z]Tkf8T>BGHN
6N ge0Z[TRDSA`GEf8TRhg<HD ^ fF<~>@DSA`GD ^ f_af8>@A`Z:\RfFTRGBZ[DSTg>@WR:=DSAB:=_0N
6N TLQS:=ABG`:_af8>@A`ZN
6lN L TRDF>B:}DST>@WR:}\RABfF<=>BZ]<f8Y4:=Q8fFY[?kf8>@Z[DSTD ^ hR:=>B:HA`_aZ[TkfFTL>@G=N
N( rL  :HA`<HZ]G`:HG=N

4 {WR1: TR=DFu>Bv!Z]yDSs TxyD on^ mFfvy,hRs(:~u >@{:HA`_aZ[TkfFTL>}fF\\RY]Z[:HGDSTY[KV>BDgGB?kfFA`:_af8>BABZ]<=:HG=N T>@WR:G`Z]_\RY]:=G`><HfFGB:D ^ f




_af8>@A`Z LB L >BWR:}hR:=>B:HAB_Z]TRfFTL>Z]GhR:~jkTR:Hh0ILK
hR:=>(`L_ <RLB
WR:hR:=jkTZ[>@Z[DSTD ^ >@WR:h:=>@:=AB_Z]Tkf8T>}D ^ f#G`6?RfFAB:_bf)>@ABZ0D ^ f8ABIRZ>@A@f8A`K0hRZ]_:HTRG`Z]DSTmZ[Y]YI:nSZQS:=T
Z]TGB :=<=>BZ]DST N6N O: ^ DSAB: ^ DSAB_?RYf8>BZ]TRni>@WRZ[G0hR:~jkTRZ>@Z]DFT :T:H:HhfFTRDF>BWR:HA?RG`: ^ ?RY<HDST<H:H\ >o>@WRf8>VD ^
Sk~ F )~N
4{z \( :HA` _w?)>XC f)>@oZ]DFv!T vyDs(^ ufix { GB:H?R:=TR<H:D ^ T?R_I:=ABG#Z[G#fG`:H?R:HT<H:D ^ >@W:VG@f8_a:0T6?_I:=ABGZ[TfhRZ
:=AB:=T>
DSfA`\hR:=:HABA=_N ? >@Wf8?R>@Z[G=DSoTg>BWR<H:DS_GB:=\R6Y[?:=>@:H:=TRY[<=Kb:Z[>2 Z]G T:Hy<HJ:=GBZ]G}GBfFfA`K\>@:=DAB_GB\(? :H>Xf8<=Z>B^ Z]KgDSTI(DFD >@^ Wg>@W>@W::GB:HZ[TRZ[?R>B:=ZfFTRY<H:fFTRhgS>@6WX:L~jkN TRfF Y;DGB:=<X6Wk?fF:HABTRfF<=<=>B:H:HGHA`N Z]H:

<HDFTQF:HTRZ[:HTL>TDF>Xf8>BZ]DST#>BDhRD>BWkf8>Z[G >@DABZ>@:
 7
 (wwPP1 *R*fq
Z N :FN7Z[T>@WR:}\RA`:=Q6Z]DS?GJ:fF_a\Y]::A`Z[>@:Y S(( ;
TLKV\(^ :HA`_?>@f8>@Z[DST0D ^ fb^ GB:=?R:HTR^<=:D ^ T?R_I(:H^ A`GZ]GJDSI>@fFZ]T:Hh ^ A`DS_>@WR:tZ]TRZ>@Z]fFY4GB:=?R:HTR<=:IK0fbG`?R<~

<H:=GBG`Z]DSTD Z]TL>@:=^ AB<XWkfFTnS:HGJD \kfFZ]A`G D :HY[:H_:HTL>@GD >@^ WR:}G`:H?R:HT<H:FN T>@WR:fFI(D!QS:}:~fF_\RY]:>BWR:HA`:}Z]GDSTR:


Z]TL^ >B:HAB<XWRfFTRnS:D >BWR:\kfFZ[A;SN W:G`?R<H<=:HG`GBZ]DFTD Z[TL>@:HA`<XWkfFTRnF:HG>@WRf8>Y]:HfFhm>@D#f#nSZ[QF:HT\:=AB_? >Xf8>BZ]DST
D<XWkfFfTnSG`:HZ]TRng?R:=>@TRW<H::a\RZ]GfFZ]TRADFS>}(?6TRoZ]nSZ?RQ6:8Z]TRN n# T>BWRDS:?GBA:H:?RfF:=_aTR<H\:Y]: ;:S<HfFST~o;nS>@:=WR>:=T>BWRZ[:TG@>BfFWR_::TR\:=:=AB_GB:H?>@?Rf8:=>@TRZ[DS<HT:bILZ]TLKm>@:=jkABA`<XG`Wk>fFTZ]TLnS>@Z]:=TRAn
>@W:\kfFZ]AS>@DnSZQS:}2 (;yoLfFTRhjkTkf8Y]Y[KZ[T>B:HA`<XWkfFTRnSZ[TRn>@W:\kfFZ]Ad NCEDF>B: >@Wkf8>>@WR: jkA`G`>%_:=>BWRD h
AB:=?RZ]A`:H^ h)
Z]TL>B:HAB<XWRfFTRnS:WR:=AB^ :f8GJ>BWR:}GB:H<=DSTRh0_a:~>@WRD6hgTR:H:=hR:Hhi3 06@XZ]TL>@:=AB<XWkfFTnS:HG=N
R
?
R
T
k
h
8
f
a
_
=
:

T
@
>
F
f
d
Y
R
\
`
A
S
D
(
\
H
:
`
A

>
V
K
D

\
=
:
B
A

_

?
X
>
8
f
B
>
]
Z
S
D
R
T

G
]
Z

G
B
>
k
W
8
f
}
>
#
f
=
<
H
:
`
A
@
>
F
f
]
Z

T
(
\
H
:
`
A

_

?
@
>
8
f
@
>
[
Z
S
D

T
i : S;HH: FSD ^

>@W:JG`:H?R:=TR<H:S( ;HHk4<fFTI:DFI>XfFZ[TR:HhDFTRY[K:HZ[>BWR:HA7ILKfFT:=QS:=TbT?R_I(:HA7DFA7IKfFTD hRhT?R_I(:HA


D ^ Z]TL>@:=\kABfF<XWkA`>BfFZ]T<=?RnSY:HfFG=AN<lf8DFGB:ABABD :=^GB\(fDS\TR:=hRABZ[_TRnS?Y>@Kbf8>@>@Z[WDS:T\(Z[G:HA`>@_Wkf)?>7>@f8>@WRZ[DSZ]<XTgWZ]GY]:H<ff8QSY]:HY]G7:=h>BWRf :hFZ]~TRaZ>@DFZ]fFAYHGBL:HFN ?R:=TR<H:J?RTR<XWRfFTRnS:=h4N WRZ]G

AB:=?RZ]A`:HGJH:HA`Da\(:HA`_?>@f8>@Z[DSTRGHZ[>Z[G >@WR:=AB: ^ DFAB:}<HDS?T>B:HhVfF_aDFTRn>@WR:}:=QF:HT0\:=AB_?>@f8>@Z[DSTRG=N


;ku ,w z  WR:G`:H?R:HT<H:S( (LWkfFG7GBZ\(:HA`_?>@f8>@Z[DSTRGHo8>@WRA`:H:D ^ WRZ[<XWaf8AB::=QF:HTafFTRh>BWRAB:=:
fFA`:D6hRh4R>BWR:=KfFAB:
SS( (LS 2 ( ;;yy 26;;SF
F :~D6QShR:HTh
AB:HDifFhRQS:=:=AHABN Z ^ K>@WR:0fFG`GBZ]nFTR_a:=TL>@G RfFTR@h 4>@D>@WR:=GB:\:=AB_? >Xf8>BZ]DSTRGZ[GY]: ^ >f8GbfFT:~ :=AB<HZ[GB: ^ DSA>@WR:
>TZ]:aGnS<H:HfFTTi:HA@\f8ABY]D!Y[QSK:>@A`>@?RWk:f8>}>@Wk>Bf)WR>:aWkTfF?RY _^ >@IW:=:At\(D :H^ A`_\:=?AB>@_f8? >@Z[>XDSf8TR>BGZ]DSD TR^ GfFD TL^ KfgGB:=GB:H?R?R:HTR:=TR<=:<H:fFA`D :}^ := QS:=TmT?RfF_TI(h0:HWkABGtf8Y Z]^ GG fF AB:} ND6hRh4WN :

\RkA`DSD _A D ^ Z[G7fF<H}<=DS_:\RWkY]fZ[QSGBWR:E:=>@hWR:EIKGB:HZ]TR?Rh:=?RTR<=<H>B:Z]DST4S (^ SDSAo W Z]<XW# Z>B>@WRGB::=Y GB^ :=Z]G?RfF:HTbTR<=:~:EQS:HZ[GT\(!:HdA`fF_TR?h>@f8>@W>@Z[:HDSABT4:o6Z[fFGdTRDSh#TR: DFTR\(::HA`f8_hR?hR>@Z[f8>BZ]>@DSZ[DSTRT4fFYN


\(T?R:HAB__I(?:H>XA`f8G>BZ]Z]GDST
>BWRok:HTkA`fF: _^ DS:HA`Y[:K ;y oRN kWRDSAZ]<XWV Z]GJ fFTD :hRh0\RA`\D :=<=AB:H_:=h? >XfFf8G >BZ]^ DSDST4Y]Y[ D!>@WRGH:tT6F?:H_:=\mI:=DSAETR:D ^ D \(^ :H>@ABWR_:?T>X?Rf8_>BZ]I(DST:HABGGJD j^  >:Hh4D
^ DSA%>@WR:EAB:=_bfFZ[TRZ]Tn}>DT?R_I:=ABG>BWR:HA`:fFA`:E>D\(:HA`_?>Xf)>@Z]DFTRGH6GBZ[TR<H:J:E<fFTaF:H:=\:fF<XWbD ^ >@W:J>BWRAB:=:
T<f8?RTb_GBI(W:HDyA` GEj>@ Wk:Hf8h
>%o>BWR>@W:E:G>X>Bf8DF>B>X:HfF_YT:HTL?R>_Z]I(G7:H>@AJA`?RD : ^ ^ \(DS:HA%A`_fFTL?9K >@f8 >@Z[DSZ ^ TRZG>%Z]Z]GEGd>BAB4?R : ^ DSA < S No6OWKZ]<X>BWWR:<HDSGB_fF_a\RY]::~>@AB:=:HG%fFGB>BDFWRTR:JZ]\RTRABnD6D ^ : N
(r

DABZ[>B:ahDyTi>@WR:hR:=jRTRZ[>BZ]DSTZ]T_bf)>@WR:=_bf8>BZ]<HfFYdTRDF>@f8>@^Z[DSTZ[>}Z]Y[YdI:a<HDSTLQF:HTRZ[:HTL>>@DZ]TL>BABD6hR?R<H:

>@\(W:H:VAB_G`?K6_>Xf8I(>BZ]DSDSYTg D L^;L&>@=W:L TRof8>@?RWRABZ[fF<XY4WG`:HZ]G?RhR:H:~Tjk<HTR:g:=h S>@(Di ;I:]=,k;$fF<tTRyhg=Z :HABDGDF>B WR:HAi &Z]GBS:8; FLZ]GfFT :=QS:=T'D6hRh
, Z ^  Z[G:=QF:HT

L L L <t Z ^  Z[GD hh

r D8>@WR:=A`Z]G`:

l  WR:UGK6_IDFY4<XWkfFTRnF:HGJGBZ]nFTZ ^ >DD ^ Z>@GG`?RIRGB<=ABZ[\>@GEfFAB:}Z[T>B:HA`<XWkfFTRnS:=h4N


TRhR:=:Hh4o Z ^ >@WR:JGB:=6?:HTR<=:i S S F 3F y =!f!(NSF7Z]GfFT:=QF:HT,D hRhk%\(:HA`_?>Xf)>@Z]DFTD ^
>@ W:aTkf)>@?RABfFY7GB:=6^ ?:HTR<=:Fo>BWR:HT i S  S !F( HN! F;y(SSZ]GfFTD6hRh,:=QF:HT\:=AB_? >Xf)
>@Z[DST4okf8TRh>BWR:HA`: DSA`:>@WR:}<HDFABAB:=GB\(DSTRhRZ[TRn[ G`K6_I(DSY[GWkfQS:DS\R\(DSGBZ>@:GBZ[nSTRG=N

M :fFA`:TRD! AB:HfFhK#>BD ^ DFAB_?RY]f8>@:E>@WR:}hR:~jkTRZ[>BZ]DSTgD ^ >@W:h:=>@:=AB_Z]Tkf8T>D ^ fGB?kf8AB:_bf8>BABZ


N
wLuvy,s(us(EvwYxwLv!w82ukuvasx1oRywiv!) WR:thR:=>B:HAB_Z]TRfFTL>D ^ >@WR:tGB?kfFA`:
_a4{[f8>@A`Z Z[GhR:HTDF>@:=hVILKhR:~>N Y[GBD?RGB:=hVZ[G >@WR:}TRDF>@f8>@Z[DST {
   H, 
hR:~>  LB L HH L 
 S8LH H SH 
wLuvy,s(u 

H4 $4 S HH FL  W4 Nl( a )  =2S *= U 
+ ,   -=/.!" 0  F!( "# $H%k 4 0
34  L L L H@S L '&  0i 
$)123  " i :S;HHFL344CR5i 467"8 = * Y $9 $: ;<
 =4>

5 6#?

p^EG`Z]TRn}>@W:G`K6_I(DSYR:J<f8TaA`:HG`>@f8>@:>BWR:Eh:=jkTRZ>@Z[DSTD ^ >BWR:hR:=>B:HA`_aZ[Tkf8>%D ^ Z]T>@WR: ^ DSY[Y]D!Z]TRnGBZ]_\RY[:HA


DSA`_0
hR:=>. K L L L  L L L BL L

@ LA
WR:=AB:}>@WR: K _:f8TRG >@Wkf)>J>BWR:}GB?R_ Z]G >Xf8F:HT0D!QS:HAJfFY[Y4\(:HAB_?>Xf8>BZ]DSTG = LHNF6N
@ LA
^
%
>
]
Z
d
G
S
Q
=
:
`
A

K

F()kX #)
?GB: F?2YR>@D}~AB]:=~_ab:=~_k I#:=@Ad)>@Wkf)f >hF~B 6aN 0@) ~ F($#X; )0k 6~6iC $ B#; @ 0kLA  L L F ~ L=g ) L L #=L 6 ~H)@SN L= 0))

;ku ,w  <HDFTRGBZ[hR:HA>@W:t  _af8>@A`Zb2S== N WR:}hR:~>@:=AB_Z]TkfFTL>D ^ Z]G


  R  
hR:=>.  LL)BSHLL  LLT ,LB , LB`L


< LL_ <LLBT <LB`L
CEDF>B:}>BWkf8>>BWR:>@:HA`_aGD ^ hR:~> Z]T>@WR:}:Rf8_a\RY[:<fFTI(:nFABDS?R\(:Hh>BW6?GH
hR:~>.=2LL_ <LL~, )LB-<LB`L~, )2LB`L_<LLBB
fFTRhZ]T>BWR:}:~ \RAB:=GBG`Z]DSTRGJZ]TgIRABfF<XF:~>@GJ:}AB:=<HDSnFTRZ]G`:h:=>@:=AB_Z]Tkf8T>BGD ^  _af8>@A`Z]<H:=GHNdZ2N:8N

 LB L 
 BL 
L

hR:=>.R  LL

<


,





L   LB L   BL 
S

Z N :FN:f8<XW :HY[:H_:HTL>[#D ^ >BWR:>@DS\ABD! fF\R\(:fFA`Ga_?Y[>@Z[\RY]Z[:HhILK>BWR:hR:=>B:HAB_Z]TRfFTL>oDSI>Xf8Z]TR:=h ^ A`DS_


>@>@hRWW:~::> hGB:=:=IL>@?R:=KAB:H_TR<=AB<=Z]DSTk:gG`f8GBiTZ[,TR>Jng<H<fFDSTg?:>,I>@:}WN nS:A`DSA`WRD!?RZ[\(GE:HA`fFh?RTY]Z]:}hiTgZ[<=hRGJDSZIA`Y]:?R:H^ _A`:=:HABTmTLAB:=>>@hVWRf8>@f!Da>}K6G=<HfFo DSGTL^ <DS>@AfFZ]Z[TR4TRG}G`<>@fF[TRy<=o:4fF"Y[TRDZ]h8: E:H>@TL WR >@Z[8:=GHAB FGG$ VZ[>BW(EfgN G` Z]nSWT:tnS>@Z:=QSAB:=_TGEILD K ^

 L 
 R L 
L

hR:=>.R  LL

<
L

,
L




L   L    
AB: ^ :HA`AB:Hh>@^ DfF[G HH4"D 8 3F:IJ ">GNU Z]_Z]Y]fFABYKDSTR:<HfFT:~ \kfFTRh fFI(DS?>fFTLKA`D! DSA
<HDFY]?R_WRTg:D :~ \k>BWRfF:}TGBhRZ]DF:=>BT :HA`f8_aIZ[DSTk? fF>TL>ABND!GDFA<HDSY[?R_TRGXt<HfFTI(:AB:H\(:f)>@:HhZ>@W>@W:hR:=>B:HAB_Z]TRfFTL>@GD ^ Y[Dy:HA

DSA`hR:HA=o>@Wkf8>f8ABZ]G`:f ^ >@:=Ag>BWR:jkABG>V: \kfFTRG`Z]DST4ofFTRh<HDSTL>@Z[T?R:Hh.?RTL>@Z]Y2oZ[T >BWR:YfFG>gG`>@:=\4o}fFY[Y} 


hR:~>@:HA`_aZ[TkfFTL>@GWkfQF:tI(:H:=T0:~QFf8Y]?kf8>B:Hh4N
4{[ )s 7w!vy,w xs xwvw6)ukuvyx {
NP N[y | :~>@:HA`_aZ[TkfFTL>D ^ >@WR:>BA@fFTRG`\DFGB:FN

4# $)8l  K N <"L=} ~ M /.!4' $N 4# $4 9
hR:=> ~ h:=>(

<=TRDShZ]TR:H<=:HZ]h
hRoR:Z ^>B:HA`_::^ DS\kA fF>@TR:=hAB_hR:~N > fFI(DS?>Z[>BGA`D!GfFTRha ~ fFI(DS?>Z[>BG<=DSY]?R_TRG=o6>BWR:E>D:~ \RA`:HG`GBZ]DFTRG
NP NS TL>@:=AB<XWkf8TRnS:D ^ A`DyGDSA<=DSY]?R_TRG=N
O 4# $4 P" Qa/RH4Q- S 39<T$U"R  wE5i4V"R>G*6 l $G" Qa & 34W$ =4"L
  R , 
 LB L 
 LB L 

<   RH , 


 H 




 L)SH L= 
 L) S 'S= 
<=DSWRABZ[A`G:HGB<\(f8DSTTRIhGJ:>BG`D:H:=>BTWR:}_:~DS G<X>Wk:fFf8TGBnSZ]Y:K D ^ ^ ABDS>_Da>@Z[WTR:hRZ]hR<=:=:HjRGTRD Z[^>BZ] DST0D ^ >@WRN Z: GK _IDSY2:~ <XWkfFTRnF:D ^ >DA`D!G
L L L
NP NPLge0?Y[>@Z[\RY]Z[<f8>BZ]DSTaD ^ fhR:~>@:=AB_Z]TkfFTL>ILKgfT?R_I(:HA=N
5EhR:~>.hR:=>Y X
7 L
WR:=AB:>@W:_bf)>@ABZ0 X hRZ 
:=ABG ^ A`DS_ Z]TV>BWkf8>}fFTLKVDSTR:D ^ Z>@GA`D!GDSA<HDFY]?R_TRGZ[G_?RY>@Z[\RY]Z[:Hh
ILK 5;N
4 I%nFZ[QS:=T>BWR:}  _bf)>@ABZ#.S~Hf8TRh>@WR:}T?R_I(:HA 5;oR:}WkfQS:
hR:=>yi 5k7 5 hR:~>
4ku w 
 


 a 5 
 " 5 







5    " 5 4 5 5   " 5   5 
 

  a 5   5 
y

NP N

|
:~>@:HA`4_a# $Z[TkfFTL>4Z[ Z>BW+E>ZD4:H\[f?kfFY]A`Dy ^ 3GDSCA<=DSY] $?/_a TRwEG=N 64^"_HZ ; `"4I * a $|w" 
 + WRZ UW ?
Mi:Z]Y]Y[?RG`>BA@f8>B:>@WZ]G\RA`DS\:=A`>KmZ>@WfFT:~fF_\RY]:8N >}Z]GTRD8>thZcb<H?RY>>@Dg<=DSTLQ Z[TR<H:DSTR:=GB:=Y ^ >@Wkf8>
>BWR:}G`>Xf)>@:H_:HTL>JZ]GnS:=TR:HABfFY]YKa>BAB?R:8N
4ku w 


 < 

r
 




I(:H<HfF?RGB:}>@W:}jRABG`>EfFTh>BWRZ]A`hA`D!GEf8AB:}\RABDF\DSA>@Z[DSTkfFY2N
4 IeddhR:~>.8
rZ ^^ >DABD!GJDSA<HDFY]?R_TRG^ D ^ '<HDSZ[TR<HZ[hR:FN
4 I-f!dhR:~>.8
rZ DSTR:}ABD!DSA<HDSY[?R_TD Wkf8GJDFTRY[KbT6?Y]Y;:HY[:H_:HTL>@G=N
NP NSgU ?_D ^ h:=>@:=AB_Z]Tkf8T>BGHN
lDSTGBZ]h:HA>@W:_af8>BABZi LH^ f8TRhfmGB:H<=DSTRh_bf)>@ABZi X o7WRZ[<XW<=DSZ]T<HZ]h:HGZ>@W Z]Tf8Y]Y
_af8>@A`Zb:HY[:H_:HTL>@G:~ <=:H\>J>@WRDFGB:D DFTR:}ABD! ,DSA<HDSY[?R_T~o :FN nRN
  H , 
R  R, 
LB L HH LH
HB LH
S] S HS X X[ @ @
S8 LH HH' SHH
SH) SH ' SH
>BWR:HT
  H , 
LB LH HH L
hR:~>@ ,hR:~>g X S] , @]L- , X H'LP , @
L) SH HH SH
WR:\RA`D D ^^ DSY[Y]D!G hRZ[AB:H<~>@YK ^ ABDF_ >@W:h:=jkTRZ>@Z[DSTgD ^ >BWR:}hR:=>B:HA`_aZ[TkfFTL>N
4 I7h!>@WR:hR:~>@:HA`_aZ[TkfFTL>}D ^ Z[G}?RTR<XWkfFTnS:HhZ ^ DFTR:bf8hRhRG>@WR:_?RY>@Z[\RY]:D ^ DST:aA`Dy DSA
<=DSY]?R_T>BDaf8TRDF>@W:HAABD! ,DSA<HDFY]?R_T~N
T WR:^ fFY]<=f8>H>BoJ>B:H>BAD\R:=ABQ8DFfF\Y[:=?kA`f8>Ka>@:Z]GfD h^ :=?>@>@:=_AB_ DSG`Z]>Tkf8Z]_T>g\DFD A`^ >Xf8f8TRT<H: DFAB^ hRDS:=AA>BWRWR:Z]nS\RWAB:HfFAb<=>B>BZ]Wk<HfFfFYT :~Q8>@WRfFY]:?kf)G`:H>@Z]<=DFDSTaTRh4D ^ohDF:=TR>@::=ABhR_D6Z]:HTkGf8TTR>BDFGH> N
\RA`D <=:H:=h ^ A`DS_ >@WR:h:=jkTRZ>@Z[DST DSA ILK fKbD ^ >@WR:: \kfFTRG`Z]DST:~>@<FNoRIR? >A@f8>BWR:HAIK#fF\R\RYK6Z]TRnf
G`:H?R:HT<H:D ^ + =I[D"^ ; * >BDIRABZ[TRn>@WR:hR:=>B:HA`_aZ[TkfFTL>Z]TL>@Df>@A`ZfFTRnF?RYfFA ^ DSAB_oWRZ[<XW
Z[DSGE\(:=:H6ABf8?R>@fFZ[Y;DSTg>@DDS>@TRWR:}:t_\R:ABD6fFTRhRGJ?R<~fF>TLKgD DS>@TWR::D hR^ Z]fF>@nSWDS:TkDFf8\Y4:=:HA@Y[f8:H>B_Z]DS:HTRTLG=>@okGhRZ]G`G`:H<H:?RG`I(GB:H:=Y[hmD!}Z]To(G`>@:HW<~Z]>@GZ]DFGB|T:=<=>@ Z[N DST4~NoR>BOWkKgf8>J:HY[Y]:H:H_f!QF:H:HTLG>Xf8>@WRA`K :
hRA`Dy:~>@:=ABDS_A Z]<=TkDSfFY]?RTL>_?TbTR>B<XDaWkfFf8TRTRnFDF:H>@Wh4:HA:ABD!<X.WRfFDSTRA nS<=:gDSY]D ?R^ _A`T4DyN GDS\AtA@fF<HDS<~>@Y[?RZ]<H_fFY4TRf8GH\Ro%\RfFY]hZ[<hRf8Z[>B>BZ]Z]DSDSTTbDD ^^ >@>BWRWRZ[:#G G`_>BA@?f8Y[>B>@:HZ[\RnFY]K#:D ^Z[Y]Y(DSITR::

nSZQS:=T0I(:HY[Dy.Z]T fF_\RY]:G N
!

4{1 wLv!w)2ukuvs( xRs(uk= tx w ikjxRs(uk kyu x v8,ku o,Rav!)+ mSw x {



4# $)8l THD Q"4!V N) e /.!4' $N - !"# +, $D Q"4 UW $/?
TRh:H:Hh
o>BWR:}\RABD6hR?R<~>JD ^ >BWR:}hRZf8nSDSTkfFY
:HY]:=_a:=TL>@GZ]G>BWR:}DSTRY[KbTRDSTR=:HA`D>B:HAB_ Z]T>@WR:}G`?R_ ~N

4# $)8l d-\ lfnm`DUQ"oW N 24/.!4!2VQL H4 $- - !"# +, $^ lNnm
"a U W $ &
 k "L H * \ 5# Q4 *  6,< Q-  p VG 43 5iR+ 6 G"+ V+U " $I /?
WR:EjkABG> \kfFA>D ^ >@WR:EG`>@f8>@:=_a:=T><fFTbI:JGB:=:HTgfFGZ]Ta>BWR:\AB:=Q6Z[DS?RG<fFG`:FN WR:G`Z]nST ^ DSY]Y[D!G ^ A`DS_
>B WR:}hR:=jkTZ[>@Z[DSTgD ^ >@WR:U GK6_IDFY 7Z ^Wq Z[GfGBF:~ hRZ]fFnSDSTRfFY;  _bf8>BABZ
o6:}WkfQF:
h:=> q ) Ur sr r,LLr (HXS8
(Lr


D UQ

Z2N:8Nd>@WR:}GBZ[nSTgZ]GhR:~>@:HA`_aZ[TR:HhgILK#>BWR:}\:=AB_?>@f8>@Z[DST
b < HH
WRZ[<XW0Z[G:=QS:=T,D hRhkZ ^ Z]GD6hRh,:=QF:HTN
|t:H:~<H>@:HfFA`Y]Y
_a>BZ[WRTk:}fFTLhR>:=jRD TR^ Z[f>BZ]DS>@ABTgZ]fFD TR^ nS>@?A`YZfFfFATRnF_b?Rf8YfF>BABAZ
_bN f)>@ABZ[<H:=GnSZ[QF:HTZ]T0U :H<~>@Z[DSTN
fFA`:_b:=f86>B?RABfFZY>BZ]DbG<HTRfFDSY]?Y[:HnShWL>( o
S4ISk?~>bTRD8>F fFY[
FY _aFf8}>BZAB^ ZfFY]:HYY]:=_a_af8:=>@TLA`>@ZGV4:H"Y[:H_:HTL>B>@WRG9:"hRZ]fFwnS DSTR>BfFWRY:#fFhRABZ]:tfFnS:HDS?kTRfFfFYY
>BD_aTDSf8?R>BnSABZWL>N Z[G<HfFY]Y[:Hh])~2F
F6FtZ ^ fFY[Y_af8>@A`Z:=Y]:H_:HTL>BG[aaa>BWR:#hRZ]fFnSDSTRfFY
fFA`::=6?RfFY>BD#TRDS?RnFW>Ho
IR? >TRDF>fFY]Y_af8>@A`Z:HY[:H_:HTL>@GG " w>BWR:hRZ]fFnSDSTRfFYfFAB::H?kfFY
>BDTDS?RnSWL>N

4# $)8l T8 N) 4QD4 uV N) e /.!4 $N - !"# +, $D Q"4 UW $/?
0TR)hE:H):H
h
oFABF:=(<fFY[)Y8k>BWRX:7)AB?R
Y[:7nSZ[FQF:HTZ[T~]GB~:Hb<~>@~Z[kDSTHa# @N)6 Bf6Fh N~}0 f~@) $F%# (;k0 7X)~ 6 gB $@ L # A ; k0 L L FL ~ L )LJ TL =# 6~BS) LN
CJDy}o7Z ^ :#<XWRD6DSGB:f0TRDSTR=:HABDVDa( hRZf8nSDSTkfFY7:=Y]:=_a:=T>Ho>@W:HT>@WRf8>\RA`D h?R<=>D ^ :HY[:H_:HTL>@Gt_?RG`>

TR:=<H:=GBG@f8ABZ]YK0fFY]G`DaWkfQF:f ^ f8<=>@DFAJD ^ TRDS?RnFW>HN WR:HA`: ^ DSA`:t>BWR:tDFTRY[KgTRDFTRH:=ABDb\ABD6hR?R<=>ED ^ >BWR:GB?R_


Z[G >@Wkf8>WRZ[<XW0WRfFGDSTRY[KbhRZf8nSDSTkfFY:HY[:H_:HTL>@G=N
_aY[f8>@>@:=A`ABZTk#f)fF>@Z[TRQFh:HYK:=Q8fFY[:?kf8<>@f8:TZ>@<=GDSTRhRG`:~Z]>@hR:=:=ABA_f#Z]Tk\kfFfFTLA>>@Z]IL<=Kg?RY:~f8 AE\k<Hf8fFTRGBhR:8Z]NTnb9;:=fF>I( DS?>>BWRS:~jk$`ABG>JI<H:DSY[fF?RT_a?RT
\R \(:HA>BABZf8TRnS?RY]fFA
  3 
 LLL 
 r

L

hR:~>  r r LL  .  rr Lr L" ` 


 r


r r "` 
R`L  Lr L" `  `L" `
WR:=AB:JZ]T:f8<XWbGB?IRGB:=6?:HTL>G`>B:H\:WkfQS:E<HDSTL>BZ]T?R:Hh:~ \kf8TRhRZ]TnfFI(DS?>7>BWR:jkABG><=DSY]?_aTD ^ >@WR:
A`D :H^ _afFA`fFIRZ]TRZ[>BZ[A@TRfFnbAK#h:=DS>@A`:=hRAB:H_A=NZ]Tkf8T>HN WR:G>Xf8>B:H_:HTL>DSILQ6Z]DF?RGBYK0nF:HTR:=A@fFY[Z]GB:=G>@Da>@ABZ]fFTRnS?YfFAhR:~>@:HA`_aZ[TkfFTL>@G
IR? Db>E\R:A` D!\kQSfF:tTR>Bh0WR:Z]Tg>@WR::=fFDS<XABW:=_ G`>B:HfF\VY]G`fFD I^ DFDF?AJ>Y[D!>@WR::=AJjk>BA`G`AB>JZf8ABTRD!nS}?RNY]fFA _af8>@A`Z]<H:=G:WkfQS:>@DAB:H\(:f)>E>BWR:fFABnS?_a:=T>

4ku w  >@DZ[Y]Y]?G`>@ABf8>@:>@WR:%\RA`DS\(:HA`>BZ]:=G;D ^ h:=>@:=AB_Z]Tkf8T>BG4:GBWRfFY]YS?GB:7>@WR:=_ TRD!>BD:=Q8fFY]?Rf8>@:


f  _bf8>BABZZ]ThZI:HAB:=TL>JfK6GHN
lDSTGBZ]h:HA>@WR:}_af8>@A`Z

. J<

f:~FQFTf8h Y]?kY]f8:~>B>Z]DS?RTGD jk^ AB>BG>aWR:jk>@TWRh A`:HZ[:>BGAB:HhR_a:=>BfF:HZ[A`TR_aZ]TRZ[nTkfF TL>IK_a:f8 >@\kA`fFZ]<=TR:HG`GHZ]DST fFIDF?>>@WR:g>@DS\ABD!}o ^ DSY]Y[Dy:HhILK>@WR:



hR:~>   <  E<  ,  J< 
U< -< `=J< U< S, B=J< < S
t< !, U< tr (L

JhRC :~:~>@6:=>bAB_Z]:VTkfFG`TLWk>fFY]>BYDb:~fQ8fF>@Y]A`?kZfFf)T>@:gnS?R>@YWRf8:A ^ hRDS:=A`>B_0:HA`N _aZ[TkfFTL>IK?RG`Z]TRn>@WR:gQ8fFABZ[DS?RG\RA`DS\:=A`>BZ]:HG>@DiAB:=hR?R<H:>@WR:


OK#\RABDS\(:HA>KiZ[Z]Zd:t<HfFT0:6>@A@f8<=>>@WR:}<=DS_a_DST ^ fF<~>@DSAD ^ ^ ABDS_>@WR:}G`:H<HDFTRhVA`Dy}


hR:~>  <t 


fFTh?GBZ]Tn<=DSABDFY]Yf8A`Ka:fFhhg>BWR^ :jkA`G`>ABD!.>@D>@W: GB:H<=DSTRhDSTR:8ofFTRhg?RGBZ[TRn<HDFABDSY[YfFAKbfFnSfFZ]T
:tG`?RI>BA@fF<~>J>Z[<H:>@W:}jRABG`>JA`Dy ABDS_ >@WR:}Yf8G`>DST:FokWR:=TR <H:


hR:=>.  r 
 r < < 
>BWR:HT4o?RG`Z]TRn<=DSABDSY[YfFAK#DST<H:}_aDFAB:Fo :tfFhRh>@W:G`:H<= DSTRhVA`D!>@D>BWR:>@WRZ[ABhgDSTR:8okWR:HTR<=:



hR:~>.  rr r 


WR:=TR<H:tILK\RABDF\:=A`>K:nS:~>hR:=>.. ( L N
wLv!w82ukuvs1s majxRs(uk= t1s maj@x w i-jNx(s(uk7kyu x1s maj`v!),ku o
4{[: }v!) 7 mSw6x {
9;:=>J. SHf8TRh @HHI(:>DGB?kf8AB:_bf8>BABZ[<H:HG fFTRhY]:=>
) ~
Sy
WR:=AB: Z[GfT6?Y]Y_bf8) >BABZ
N WR:HT>BWR: ^ DFY]Y]D!Z[TRngG`>Xf)>@:H_:HTL>WRDSY]hGH
/4 $)8l GR
4 `"Ul mD Q"4!V N)   ^Q` /f
hR:~> ) .hR:~>hR:=>(
yS
TRh:H:Hh
o(h:=> ) Z]G:=?kfFY;>@D>@W:G`?R_ D ^ \RA`D hR?<=>@GWRZ[<XWVfFA`:FoR?\>BDbfGBZ[nST4oR:=?kfFY4>@D
[ L, HXS4 vH L X L @@ L

Ff Th>BWR:GB?_Z]G<HfFABA`Z]:=hDS?>D!QS:=AfFY]Y\:=AB_?>@f8>@Z[DSTRGED ^  "%fFThif8Y]Y\:=AB_?>@f8>@Z[DSTRGD ^  2N9;:=>


>B?R "D G okFnSLN:H3Z:=LQ6\Z]TR "Ln (:HN jfF <X:HW WRhg:^ fFfFY<=f)TR>B>BhbDS>@:=A <A fF>@WRA`GBA`?:Ka_ G`DSZ]nSZ]?GT>DS>BfFILWR<=Q6:<HZ]DSDFG`A`?R?RhR_GBZ]YTK#_bn:Hf8>@>BD[?kZ]DSf8=TY4>@D!DQS:=hRAGv:=>(N b2o6NGJnSZ[fQ6WZ]ABT:H:HnT0G`?R:Y[f8>:}<X>BW#<WRfF:>@A`:HA`SA`K_BDF\Rf?A`>D GBZ[hR>@nSWR?T:}<=>@fFG`GJ<=?R<HfF_ DShA`hhRD!QSZ]?TR:=\n A

>BDanSZQS:hR:~>ofFTh>BWkf8>GB?_ Z]G_?RY>@Z[\RY]Z[:HhbILKh:=>(bN
4ku w  9;:=> ) I(:>@WR:}IRY[D <XShRZfFnFDSTkfFY_bf8>BABZ
) ~
HX 
R fFTRh HXB HX

Z>@Wg. LB
[
XB XX N  \kfFTRhRZ[TRnhR:=> ) fFIDF?>>@WR:jkA`G`><=DSY
?R_TfFThb<HDFT>BZ]T?RZ[TRnt>BD:~ \kf8TRhgfFI(DS?>>@WR:JjkABG> <HDFY]?R_TbD ^ :fF<XW#A`:H_afFZ]TZ]TRn}hR:~>@:HA`_aZ[TkfFTL>o:
nS:~>
 L
r r r    r r r 
 r
H  <LB  r H 
hR:~> )   r BHX
X
r XB
 r
BXX   r XB 
 H H 
 H H 


`  XXBB XX  <LB  BBXX XX  hR:=>hR:~>(




OK#GBZ]_Z]Y]fFAA`:fFG`DSTRZ[TRn:}<f8T0<=DSTLQ Z[TR<H:DS?RA`GB:=Y[QS:=GJ>BWkf8>>BWR: ^ DSY]Y[DyZ[TRnG>Xf8>B:H_:HTL>@GJWRDSY[h#>@AB?:F
hR:~> )  ~  <mh:=>hR:~>(
!L
fFTh
hR:~> )  ^  .hR:~>hR:=>(

WR:=ABH: ^ fFTRhg>@WR:}T?RY]Y
_bf8>BABZ] WkfQF:fF\\RABDS\ABZf)>@:hRZ[_a:=TRGBZ[DSTRGHN
4{[: ys xnoymFvsW xwLv!w)2ukuv!x {
.10k S(@HFk~$ #3 0kt6~~(Fk,$ #F2 XX F( ]& HF4; 0kt6~~< w
(Fk $ #}; 0kF2G S(@HFk~A !
hR:=>h:=>( hR:~>
?RG`WRZ]TR:tn\RABIRD6Y[D D <X^ S>BZ]ABY]Y;Z]fFI(TR:nS?RnSY]Z[fFQFA:HTghR:=jk>BAB:HGAB> _^ DSZ]TRAEfF TL>@ GHN _af8>@A`Z]<H:=GHN WR:HTV:G`WkfFY[Y;\RAB:=GB:HTL>>BWR:nS:HTR:=A@fFY\RA`D D ^

H H
ys4s z  9;:~>E.
LB
L fFThV XB X ofFTh<=DSTRG`Z]hR:=A>BWR:}hR:=>B:HA`_aZ[TkfFTL>
  
r r 
 LB L
r r 
 <
r H 

r

<
BX 


Mi::=Q8fFY[?kf8>@:>@WRZ[GhR:~>@:HA`_aZ[TkfF^ TL>Z[T>DhRZ
:=AB:=T> fK6GHbjRABG`>ILK:~ \kfFTRG`Z]DSTfFI(DS?>t>@WR:#jRABG`>
A`nSDyZQS}:=o%G >@W:HTILKfmGB:=?R:HTR<=:VD :=Y]:H_:HTL>@fFA`KiDS\(:HA@f)>@Z]DFTRGHN WR:g:~ \kf8TRGBZ[DSTfFIDF?>>@W:#jkABG>ABD!
 L
r r   LB r r 

  <tr HXB HX  <  <r BHX 
fFTh0<=DSTL>@Z]T?RZ[TRn:~ \kfFThRZ]TRn>@W:t  hR:~>@:HA`_a Z[TkfFTL>@G f8IDS? >>@WR:=Z]A jkA` G`>JABD!G:}nS:~>
R`L  HXB HX  <B  HXB HX  2`L<RLBB  B 
hR:~>hR:=>(
CJ:~6>::=Q8fFY]?Rf8>@:}>@WR:hR:=>B:HAB_Z]TRfFTL>ILK0jRABG`><fFA`A`K6Z]Tn#DS?>fbGB:=6?:HTR<=:D ^ :HY]:=_a:=TL>X^fFAK0DF\:=A@f)
>BfFZ]hDShTRG=>BoRDfF>BZ[_aWR::=h#jkABf8G>>JnSAB:=D!>` >@Z[TRn =>B:HZ]AB_DFG:HG>BWRWR:H:A`:>@WR>@Z[WRAB:EhghRABD!:=>B :HA`fF_aTRZ[h0TkfFRTL> Wk>@Z[f8_aG:=>@G WR>@:WR_b: f8^ DS>BAB?ZA`>@Wg:HY[:HA`Dy_}:HoTLWR>@G :=TRD <H: N W?RGHo
 r
r `H ,B`- , X 
 LB L
r
r

 <
r
H




r

<


fFThi>@W:HTfFhhi>@D>@WR:GB:=<HDSThABD! LB>@Z[_a:=G>@WR:>@WRZ[ABhABD! fFTRhL>@Z[_a:=G}>BWR: ^ DF?RA`>BWABD!}o
WR:=TR<H:
 r
r `H ,B`- , X 
 r
r LB`H ,LBLB`- , LX 
 <
r
H
H 

<
XB
X 
 r
CJDy :~ \kfFTRh0fFI(DS?>>BWR:jkABG>E<=DSY]?_aT4oWR:HTR<=:
 r


, XB H , 



<  r LB`, LXB LBH,L 
 <t
XB
X 
fFTh0:\RfFTRhRZ[TRnaDFTR<H:}_DSAB:}fFI(DS?>>BWR:jkABG>J<HDSY[?R_aT#:nS:=>
 `Hy
,RXBR`H- , X 
 LB`Hy,XBB`H-, LX 
fFTht:A`:H<HDFnSTRZ]=:>BWkf8>>@WZ]GZ]G; >@W:hR:~>@:=AB_Z]TkfFTL>D ^ >@WR:\RABD6hR?R<~> bo8fFTRhW:HTR<=:>@W:G>Xf8>B:H_:HTL>N
ys4s  Z[T>@:HA`_aGD ^ c * *xW N)4"R/~N
9;:=>JfFTRh I:>Da  _af8>@A`Z]<=:HGfFTRhgY[:=> ) I(:>@WR:}IRY[D <XS>BABZ]fFTRnS?RY]fFA_af8>BABZ

) <
WR:=AB[: Z]G>@W:)  T?RY[Y;_bf8>BABZfFT]h Z]G >BWR:}  ?TRZ[>_af8>@A`ZN kABDS_ ^ GB:=<=>@) Z[DS]T NP N :
TRD!>@Wkf8>hR:=> hR:=>h:=>(bNCED!Y]:=>?RG_?Y[>@Z[\RY[Kb>@WR:I(DF>`>@DS_ ABD!'D h:=> IKV^ fFT) h
fFhhiZ>>@Dg>@WR:>BDS\ABD!}N WRZ]GZ[G}fFTi:=Y]:=_a:=T>@^ fFA`KVDS\(:HA@f)>@Z]DFTWZ]<XWY]:fQF:HG>@WR:Q8fFY[?R:D hR:=>
?RT<XWkfFTRnS:=hmfFTh0nSZQS:=GJZ>JfGBF:~ >BABZf8TRnS?RY]fFA DSAB_
hR:=> )  <  
WR:=TR<H:hR:~> ) .hR:=>!~okZ2N:8N hR:=>h:=>( .hR:=>!

4 {:=jR9TRyZ[>BZ]DS2uT4s0)nSxZ[QFR:Hnu T x?>BWRmSs:VG`mF?kvfFs(AB):0x_bsJf)>@iABZ v8 72SwL=~ oR>@uWRx:0,s(_au Z[TRvDSA/w6syw6 D ^{ _af8>BABZ:HY]:=_a:=TL>SZ]G>@WR:


hR| :~>@:HA`_aZ[TkfFTL>okDFI>XfFZ[TR:Hh ^ A`DS_ hR:~>'IK#<HABDFGBGBZ[TRnDS?>>@W:>@WABD! f8TRh>BWR:JS>@Wg<HDSY[?R_T4N
;ku ,w Yz Z[QS:=T>@WR:}_af8>@A`Z
LB L R L3
LB L L
" @ "  4  " `
>@W:_Z]TDSA EZ]G >@W: ^ DFY]Y]D!Z[TRnhR:~>@:HA`_aZ[TkfFTL>}
 BLL 
 BLL 
 4@""` 


| :=jRTRZ[>BZ]DST4 WR:t<=D ^ fF<~>@DSAJD ^ _bf)>@ABZ#:=Y]:=_a:=T>ESD ^ 'Z]Gh:=jkTR:=hVILK


E= <y  L
M:}<f8T0TRD! ^ DSAB_?Yf8>B:>@WR:}:\RfFTRGBZ[DSTg>@WR:=DSAB:=_ Z]T ^ ?RY[Y4nS:HT:HA@f8Y]Z[>KFN
:HY[WR:H_:=DS:HABTL:=>@_ GD ^ >@W>BWR::b>@hW:=>@AB:=D!AB_Z]TkZf8>@TWg>>@WRD ^:}_a<=DSf8AB>@A`A`:HZGB\(DS TRhZ[GZ]TR:=n6<H?RD fF^ YfF<=>BDV>BDS>@ABWRG=ok:bZ NGB:F?RN _ D ^ >@W:b\RA`D hR?<=>@GD ^ >@WR:b_bf8>BABZ

K
h:=>. SE
 S
M
TLWR>@:=:=ABDS:HABG:=>@_ Z[TRnbOZ[G>BWRfF:Y]G`DG`?R>@_ WR: D ^ ^ DSY[>BY]WRD!:Z]\RTRA`ntD h>@WR?R:=<=DS>BGAB:=D _0^ N >BWR:t_af8>BABZ:HY]:=_a:=TL>@GD ^ >@WR:t2>BWmABD! Z[>BW0>BWR:<=D ^ fF<=>BDSABG
D ^ >@WRH: 6>BWA`D!}ofFGBG`?R_aZ[TR/n Y  BokZ[G:H?kfFY;>@DTRDF?RnSWL>
K
M S L r C
^ DSA`_?RY]fFGHo6:~ \RA`:HGBG`Z]TRn>BWR:HDSA`:H_G fFTRhgOEo<f8TI(:<=DS_IRZ[TR:HhZ[T>BDDSTR::=?kf8>@Z[DST#WRZ[<XW
R
W

>


Z]GQ8fFY[Z]h ^ DSAf8TKg%f8TRh (

K L L 8
L hR:~>

M
WR:=ABH: ~Z[G >@WR:qABDST:H<XF:=A` G`K6_I(DSY o r ZDF^ >@W:H.A` Z[GB:
9:~>J?RGJfF\R\RYKb>@W:HDSA`:H_G fFTh0O >@D fF_\RY]G:

<E

T>BWR:}<fFG`:D ^ f  _bf8>BABZb>BWR:HA`:fFA`:TRZ]T:<=D ^ fF<~>@DSA`GH


   q<t! q<  <J  8F   <E  <L
B <   <ES    <tF Eq<  
B   <  <E  <   <E  .L
fFZTR hg:t<HfFT0<XW:H<X#>@W:HDSA`:H_G fFThVO ILKg:~ \RY[Z]<HZ><f8Y]<H?Yf8>BZ]DST4o ^ DSAZ[TRG`>@fFTR<H:8

K L,,
<J = <ESL , $ <t! , ( L
M

Z[Z

K [, , = < , L}8


r
M
fFTRhGBZ[_aZ[YfFA`Y[KDST:<HfFT<XWR:H<XfFY[Y
AB:=_bf8Z]TRZ[TRn<f8GB:HG=N
4T{[ _b f8=>B:u ABp(Zw6)fFxHY[nSwV:HIA@fv!DS)TR:}{ hR:~jkTR:HG>@W:Z[TLQS:HA`GB: D ^ fG`?kfFAB:_af8>@A`ZbILK#>BWR:}AB:=Yf8>BZ]DST

.
WR:=ABH: Z[G^ >@WR:}?RTZ[>_af8>@A`ZoRfFT^ h0DST :G`WRD!GJ>BWkf8>  ^ fFTh>BWkf8>>@W:Z[TLQS:HA`GB:tZ]G?RTRZ[?R:FN
TRED!D! :=Z]QFTL:H>@AHA`D o hRDF?A}<H:H>BhmWR:fFTR:=Q8hfFG`Y]?R>B?Rf8hR>@Z[Z[DS:HThmDZ[TmhR:= >@fFZ]DSY2NET:aMiTR::=:HfFhRA`:G>@>@WWR:H:AB:<H^ DFDSTRAB<H::=AB\:>f8hD K0>@>BWRD#:\RhRA`:~D >@<=:H:HA`:H_ahmZ[Tk>BDbfFTL>@>WN : :=Q8WRfFZ]GY[?kf8>@:bZ[DSWkTVfQFD : ^
>@W:Z[TLW6QS?:HGA`GBfF:GBG`_b?R_f)>@:EABZ>@WRN f8>fFTa V_bf8>BABZZ[GnSZQS:=T4oRfFTh#fFG`GB?R_:>@WRf8> f_bf)>@ABZ-{:Z[G`>BGGB?<XW#>@Wkf8 >


{ 8
Y

>@W:HT4o(fFjk<=A`<HG`DS>A`hRDSZ]ITRGBn:HA>BQ8Df8>@>BZ[WRDS:}ThRZ]:=GjR>@TRWkZ[>Bf)Z]>#DSTghR:~D >y^ Y>@WR{:}VZ[TQF :HA`hGB::=> _b f8>BABZ
Fo N{ O.?>b  :mN TRD! ^ ABDS_ G`:H<=>BZ]DS?T N >@Wkf8>

hR:~>)Y {7.hR:~>hR:=|> {o6fFTha>@WZ]G%Z]_\RY]Z[:HGd>BWkf8> ^ DSA%>BDtWRf!QF:fFTZ]TLQS:=ABG`:E:_?RG>WRf!QF:hR:~>  rN


UZ] G?R<H<XfFWmY]Y[fa:Hh3_aHf8>@QDA`Z4 Z[GN <fFY[Y]:HCh HQD4 <=DSTLQS:HA`GB:=Y[KVf_af8>@A`ZWDSGB:thR:=>B:HAB_Z]TRfFTL>EZ[G:H?kfFY>@DTRDS?RnFW>
9:~>J?RGAB:~ ABZ>@: N Z]Tg<HDF_a\(DSTR:=T>BGH
K SH }6 L
L ` a F( ;=k;

^ :8:H:Hu\ 0j :HhfFThmABZ[>B:t>BWR:Yf8>`>@:=AE:=6?Rf8>@Z[DSTZ]Tmh:=>Xf8Z]Y ^ DSA S( ;Hko>@WR:=Tm:nS:~>o


GB:~>B>B Z]TRn ^ DSAZ]TG`>Xf8TR<HH: So
$ }4 , * }- ,( , ,+ }k
LB$ }4 , L* }- ,( , L+ }k r
LB$ }4 , L* }- ,( , L+ }k r
H H
S8s }4 , S }T , ,L=+ }k r
(

WR:=AB: ^ DSAGBZ[_a\RY[Z]<=Z[>K:mWkfQS:V^ DS_aZ>B>B:Hh >BWR:VG`:H<=DSTRh Z]TR^ h:~ D ^ }N CJD! >BWR:VY]f8>B>B:HA:H?kf8>BZ]DST Z]Ga^ f
GBWkZ[fF_T?RhY>XGBfFZ[hRTR::=DSD ?R^ G>BWRY]Z]:T:=:fF?kAf8:H>@Z[?kDSTf8>BA`Z]:HDS_aT fFDSZ]TAG;>B?RWRTR:<X?RWkTfF6TTnSDy:Hh4oST3fF}6TRh~G=DFN T >BWR::A`Z]nFnSZ[WLQS>:UWkbfFfThthRZG`
Z]hR:=AB:%:H>@TLWR>:JQF%f8Y]?RZ]:8Y]o YS>@fFW\R:H\(T#:fF>@AW:Z]T}Y]:>@WR>`:
:H?kf)>@Z]DFT#>@Wkf8> <HDSA`AB:HG`\DFTRhRG >@D9(oRfFY[Y(>BWR^ :DF>BWR:HA A`Z]nSWL>WkfFTh#GBZ[hR:HGA`:H_afFZ]TRZ[TRn:H?kfFY
>BDTRDS?RnFW>HN WRZ]G
hRY]Z[Z[TRGB:<Hf8?A GBGB:HZ[DS?kTf8G`>BWRZ]DSD!T
NG9;>BWk:~>f8>?R>@GEWRh:D:=Q8>BfFWRY[Z]?kGf8Z[>BTgZ]DShRT:=D>@fFZ]>@Y WR^ :DFAZ]TL>@QFWR:H:}ABG`GB:Z[_a_a\f8Y]>B:ABZ<HfFZ]GBG::HD ^ ?RfaZQ8fF Y]:=T>>B_aDEf8G`DS>@A`Y[Q6ZZ]TN nEfGBZ[_?RY>XfFTR:=DS?RG
W6?GEY[:=>. LHJZ>@WghR:=> 8  r :}fFTL>J>BDjkTRhg>@WR:}_af8>@A`Ze {  }k~J>@Wkf8>GBf8>@Z[G`jk:=G

K
{ 8 DSA=oRZ]Tg<=DS_a\(DSTR:=TL>@GHo S* }6 L ~ L
g
M
kDSA :}WkfQS:
R$ }4 , * }B
B$ }4 , L* }B r
fFTRh ^ DSA
R$ }4- , * } r
B$ }4- , L* }
9;:=>?RGG`DSY[QF:>BWR:b:=6?Rf8>@Z[DST ^ DSHA i bILK:HY]Z[_aZ[Tkf8>BZ]DST4N DV:=Y]Z]_Z]TRf8>@9: }B:b_?RY[>BZ]\RYKV>@W:b?R\R\(:HA
:H?kf)>@Z]DFT0ILKgL!oR>@W:Y[D!:=AJ:=?kf8>@Z[DSTgILKgfFTRhGB?I>@ABfF<=>HokWR:HTR<=:
R`L <LB`RX$ }4.
fFTRhg:tA`:H<HDFnSTRZ]G`:}Z]T#>@W:<=D : b<HZ]:=TL>D ^ }4>@WR:}hR:~>@:HA`_aZ[TkfFTL>JD ^ oRWR:=TR<H:

}4 ,hR:=> L
fFTRhGBZ[_aZ[YfFA`Y[K:tnF:=>JfFY[Y4:HY[:H_:HTL>@GD ^ >@WR:}Z[TQF:HA`GB:_bf8>BABZ
N W6?GJ>BWR:jkTkfFY;A`:HGB?Y[>Z]G

<ELB <
{ h:=>
DQS:=ABZ ^ KDS?RAAB:=GB?RY>:_?RY>@Z[\RY[K'ILeK {
{ ,hR:=> LBR <ELLB < 8
g
M:}<f8T0A`:~A`Z[>B:DS?RA jkTkf8Y;AB:HG`?RY[>Z[T>@WR: ^ DSY[Y]D!Z]TRnZ]TL>@:=AB:HG>@Z[TRn ^ DSAB_
}k
Ey `F(S
^ WR:=AB;: hR:~^ > f8TRh J#Z]G>BWR:0<=D ^ fF<~>@DSAD ^ L^ < ^ N GB:=<=>@Z[DST N ~N WZ]GAB:=GB?RY>aA`:H_afFZ]TG>BAB?R:
DSA}_af8>@A`Z]<H:=GD f8TKjRTRZ[>B:hZ]_:HTRG`Z]DST4N kDSAf\RA`D D >@WR:A`:fFhR:=AtZ[G:HTR<=DS?RABfFnS:Hh>@D<HDSTGB?RY>fg_DSAB:
GB?IRG`>@fFTL>@Zf8Y;_aDSTDSnSA@f8\RWgDSTg_bf8>BABZfFY[nS:HIA@fN
4{[WR :m9T ?R_u:HskA`v!Z]w0<HfFsYu :=Q8(v fFY[?kw f8>@ Z[DSyTmFD vy^+ mS kw pikf8+ oTRhv!s(u is hx:=>@wL:=v!ABw_)Z]Tkf8uT>BRGauvyZ[Gax { G>@ABfFZ]nSWL> ^ DSA fFA`h4o IR? >fFY[AB:f8hK
\RA` DSIRY]:=hR_a:=>BG=:HN AB_Z]TRTR:fFTLD >@^GJfF>BWRAB::>BhR:HcZhRbZ[DS<=?R?RGHY[oR>BZ]fF:HTRGbhY]Z]WR:=GbZ]nSWZ[T:HA>@ DSWRA`:hR:HfFAY>@hR:=AB:~Tk>@:Hf8A`>B_aZ]TRZ[nTkfFGBTLZ]nF>@TRGG\(DSD GB^ : >@^ WRDS:A`_aG`?RZ[hk_ fFIRD Y[:^ <=\RDSA`_aD h\?R?<=>X>Bf8G#>BZ]>@DSWkTRf8fF> Y
ar

Rh :~jkTR:#^ >@W:#hR:=>B:HA`_aZ[Tk^ fFTL>N GBG`?R_aZ[TRnm>@WRf8>fFY[Y%_bf8>BABZ:=Y]:=_a:=T>BGfFA`:#D ^ :=6?RfFY DSA`hR:HAtD ^ _bf8nSTRZ[>B?RhR:


>@WkfF:=TRfFABh
Y _^ o GTDS:HD AnL^ f8>@>B>BWWRZ[:tQF:b:FGBohfFF:=fF>@:tTR:=h ABD _fF>@Z]GTkWf8:fTfFAB>A`:HnSG`fF?R?RAB:aY[_>D:H>BTL^ WR>G`:gokZ]_>B_aWkZ]DSf8Yf8G>JA>>@DSWRGBZ[AB:~nShRKVTR:=ZAf8jkAB<D :tfF^ fFTL_aY]>Y;fFhR\(nSZ[DSTnSGBZ[Z[Z>B>@>@G?ZQShR<:F:Ff8ooTRDSWk<HT:=fF:tY Y N^ <HDfF^TV^ >@>BZ[WWR_a:H:g__ _b:HhR\f)Z]DF>@f8ABGB>@ZZ[i:=>BY[Z[KaQF:H:FY]GB:=o:=_a>B:tWR:=>@:bTLWR>@f8DFG>>BWRfFf8AB:HY]:A Y

hRILKm:=<HA`Z]_aDS?RfFTRY hR^ Z[ABTRfFnb<=>B:=Z]DSABA`TDSGHABo%GZ[>f8TR<HhmfFTI(::fFfFA`G`GZ]YTRKDWkA`f8:H\RGB\:=_:=TIRY]>BfFWkTRf8<H>:>@DbWkf)>B>WR:Z]G>BABY]?R: ^ :>QFf f8^ Y]>B?R:H:tAD >@W^ :>@WR<H:tfFTRhR<=:=:H>BY]:HY]A`f8_a>@Z[Z[DSTkTfFTLZ[G>N hRDS_WR:HZ]A`Tk: f)^ >@DS:HA`h :

>@W:V:=Q8fFY[?kf8>BZ]DSTD ^ hR:~>@:=AB_Z]TkfFTL>BGbZ]Gafi\ABDSIRY[:H_ ^ DSAGB\(:H<=ZfFY[Z]^ G`>BGZ]T T?R_:HA`Z]<HfF^ YJfFTkfFYK G`Z]G=oWRDWkfQF:


hRDSTR:~QS::H<=Y[DSDSTR\(G`:HZ]hhR:=GBABDFG7\RGBWR:=Z]\kG>@fFZ[AB<f8f8>@>B:=:HY[hmK9<f8Y]nSDSIA`Z[>BhRWR:~_a>@:HG=A`N _a Z[WRTk:~fFKgTL>@>XG=fFoS8Z :N :FNfF<=hR<H:=DS>B?R:HA`TL_a>Z[D TkfF\(TL:H>@Gd<H?Y]ZWRf8DFABGBZ[>B:Z]:=:HGY[:HD _:HhRTL:~>@>@G%:HA`f8_aAB: Z[Tk_fFDSTLG`>@>BG=Y[N Kt H:=W6AB?DRG o
DShRGAZ]fFnSDSTkf8mY]DG WkQ"fQS:m4ThRDS:~TR>@H:=:=ABAB_DZ]Tk:=Y]fF:=TL_a>BGH:=o
T>BZ2NG#:8NfFThRh:~>@:=HAB:=_ABDSZ]GaTkfFDFTL>@>BWG:HA`WRZ[DSGB:8G`:N \RU AB?Z[TR<X<HW Z[\kfFfFY]YnSDFhRABZ]Z[fF>BnSWRDS_TkGf8YfFf8ABTR:0hZ]_f \R^ :=Y]:= _afF:=TLhyB>@fF:Hh<H:=TZ]T >
<HDF_aK\R`? >@$:HA\ABILDSKnSABM'fF_NPGN f%QFf8A`:HZ]YG`f8GEIR:~Y]:>f8Z]T Y N \kf8<X8f8nS:HG=oGB?R<XW.fF@G <6b~~ BF^ X~l SkX !$3E$\LH<+$

4U WR{z6D!; { >B Wkf8;> w mL2x=w {




 


  a "



l GB?I>@ABfF<=>>BWR:>@WZ]ABhV<HDSY[?R_aT ^ ABDS_ >@WR: ^ DF?RA`>BW4o>BWR:HT>@W:GB:H<=DSTRh<HDFY]?R_T ^ ABDF_ >BWR:>@WZ]ABh
o
>@WR:
jk<HDFA`G`_a> _^ A`DSDST _^ fF>@<~WR>@:DSA`G`GH:Ho <=DSWRTR:HTRh4<=o4:>BWRGBWR:HTD!.:IL\RK fF^TR?RhA>@fFWRI(:=DSA ?:H>EY[:H>@_WR::HTLjR>XABf8G`A`>KaABDSD!\':=A@>@f8D#>BZ]nFDS:=T>}Gf#>@WR f8> >BbWR:hRAB:=:=>B_b:HA`f8_aZ]TRZ[TkZ[TRfFnTL>hR:~:~>@6:=>@ABAB_fF<=Z]Tk>}fFf8TLY]> Y
Z]G:=6?RfFY4>@Da ^N n $L >Z]GnS:=TR:HABfFY]YKb>BAB?R:>@WRf8>



 " "


( L

 
 H H H 


4 G{ #Fs Ly *  mSwms Y `6 Xv!), -{ 2W N 244#FUR <qn $D Q"4 + $#?
TRDtWRZ[?RGTRhRZ[QF:~:HjkA`TRG@Z[fF>BYZ]DSTRTDF>@Z]f8_>@Z[\RDSY[TZ]:HG^ DS>BA7Wk>@f8WR>J:>@>@WRAB:fF<H<H:8DFo TRIR<H? :=\>>Z[TD ^>BWR>@:JWR:\RWL>@A@K f8G`<HZ]<=:tGfFY]\RZ>@\R:=Y[A@Z]f8:H>BG?RDSABT:Y[DSKTR>@:Da?RGBG`:H?kGfF_aA`:DSG_a>@Yf8K >@A`Z]Ak<=:H GHN >BDt hRWR:=:HTRA`:DF>BZ]: G

>@W:}>BA@fF<=:}D ^ >BWR:}_bf)>@ABZ N
;Ru ,w  WR:}>@ABfF<H:}D ^ 2S==Z]G

K
AR. M S
T\kMfFA`:}>BZ]TR<=DF?R>BYfF:A>@WR>@WR: :^ DS>@ABY[Y]fFD!<H:}Z]TRD ^nt>@\RWAB:DF\?:=TRA`Z[>@>Z[:H G D ^ >@WR_a:f8>B>@A@A`fFZb<=:FZ] G:H?kf8Y4>@DN
,Z ^ f8TRh fFA`:>Da  _bf)>@ABZ[<H:=GHo>BWR:HT
A@ ,% A@ , A
Z[Z ^ Z[GfFTg  _bf8>BABZfFT]h *Z[GfT6?_I:=AHok>@W:HT
A7 *78 * A

,Z]Z[Z ^ fFTh f8AB:>D0_bf)>@ABZ[<H:=GD ^ GB?<XWhRZ]_:HTGBZ]DFTRG>@Wkf8>I(DF>@Wi\RABD6hR?R<~>@G fFTRhi : Z]G`>


Ff ThVfFA`:}GB?kfFA`:_af8>BABZ]<=:HG=o>@WR:=T A7 A;2

^ ^
^
^
\RA@f)A`>@D WRD :=^ WRAD :>B^ Wk\R\RfFA`ABTD DSD \(nS:HGZ[Q6AD>Z[K0TRn\RZ[AB>@Z]DFZWR\:}Z]:=G7nSA`>@:=G`Z[Y]TR:HZ]nF:HGABWfF>BZY;Y[%Kt\Rf8_aA`TRD hDFD AB^ :Z[Y[Z:=Z]TL><HQF?RfFDSGJTbY[QF<HI(:HDShb:ThRGBIZ]DF?hTR>:H:EAfFY]:HfG`fFD\kGBZ[TfFY[KA`DF>B>Z]<=A`\kDS?RfF_YA`fF>BAZ]>@<=WR:~?R:JYfFfFhR_A`:~Y[jkK\RTRY]hR:8Z[Z>B7baZ]DSY]:=<=T> ?RDY[>%DF>BWRA:EY[:H>BTRA@n8fF>@<=WL:FKSN o IRW?:>

t
<

. <t  f8TRh <W<

WR:=TR<H:
(r 

< r S <ty <


<E ( r
fFTRh>}WR:=_TR?R<H:G`> I(A:,G`>BABDS7TR nFY[Km A:=_a\Wk7fFGB Z[GB:= hN >BWkf8>}>@W:Z]hR:=T>BZ[>K A, A2hRD6:HG
)dhR:=\:=TRhiDFT
>@W: >D_bf)>@ABZ0\RABD6hR?R<~>@GHo; fFTRhto;I:=Z]TRnD ^ :=6?RfFYd hRZ[_a:=TRGBZ[DSTRGHf8^ Y]Y>@Wkf8>Z]GA`:H?RZ]A`:HhZ]GE>@Wkf8> ^
>@W:>Db\RABD6hR?R<~>@G:Z[G`>fFTRhfFA`:G`6?RfFAB:_af8>B^ ABZ]<=:HG=N WZ]G<=DSTRhRZ>@Z[DST0Z[GD <HDS?RA`GB:f8Y[f!K6GEG@f8>BZ]G`jR:HhmZ
fFTRh0 fFAB:>@W:H_GB:HYQS:=GEG`6?RfFAB:_bf)>@ABZ[<H:=G D :H?kfFYhRZ[_a:=TRGBZ[DST4N
l
{ DSTR G`Z]uhRw6:=A>@WR2:}yu GBx:~ w > 7_aw6yuf8>BxABw6Z]<=yu :HmSGwmD ^ s:Hi?kf8Y;v!hR)Z]7 _mSw6:Hx TR{ G`Z]DSTGH;kJN WR::~ \RA`:HG`GBZ]DFT

* ,*@ET , ,@*8E


WR:=ABH: *!~ *^ = *fFA`:}fFABIZ[>@ABfFA`KbT?R_I(:HABG=okZ]G<H^ fFY]Y[:Hhf
BF~ Sk~ Sk!~ )aD ^ ^ >@W:_af8>BABZ]<=:HGJN
WR:G`:=>7D _bf8>BABZ[<H:HGJRZ]G
BFX }6` Sk~(6~kZ : <HfFTtjRTRhTRDSTR=:HA`DQ8fFY]?R:=GD >@WR:GB?R\(:HA`\DFGBZ[>BZ]DST
<HD6#: b <=Z]:HTL>BWG *XGB?R<XW>@Wkf8>
*!} ,@*~@ET , w ,*XFJt8
r
2a rL
>@^W:HTT0D>BG`WR?R:}<XW_bG`f):=>@>ABZ[D<H:=^ G GB?RE\(:HfFA`A`\:DFGBGBZ[fF>BZ]Z]hDST>BGD:~I( :Z]G >@GH
oBFZ N :FX NZ ^ (6` (SkN0~(2a6rL~kWRN DSY[hRGb)kX ^ DSA *X ro;J S( =ko
;Ru ,w  <HDFTRGBZ[hR:HA>@W:G`:=>JD ^  _af8>BABZ]<=:HG
|
r r
7 r r k r <Er k r <r
7 fF?RY[Z;_bf8>BABZ[<H:HG@~N 9;:~>E?G ^ DFAB_ >BWR:HZ[AY]Z[TR:fFAGB?R\(:HA`\DSG`Z[>BZ]DSTfFTRhgG`:=>EZ[>:=6?RfFY;>@DTRDS?RnFW>H
* N|-,*$

,*N kT ,@*~ k r
>Xf8DF:}hR:H>@<=WRZ]:hR:b>@ABfF<HW:}:=D>@W^ :H.Af8>@WRTR: hg?RfFGB:}?RY[>@ZWR_a:}f8\R>BA`ABDSZ]\(<=:H:HGA`>BfFZ]:=ABGJ:#D Y[^Z]TR>B:HWRfF:ABY>@KA@f8Z]<HTR: h:H^ AB\(DF:H_ TRhR>@:=WRTL:}>\RA`::H<=<H:HfF:HhTZ]TR\RnA`D GB<=:=:H<=hR>@Z[:DST4Y[Z]F:>@WRZ[GH:
A A+ * &|T,@*!=
,* k- ,* k~%8 * A |-,* A
,@*~ A k- ,* A k * 8 r
>@WWRH: :=AB:}fF?RY[:}Z;_bWkff8QS>B:ABZ[?R<H:HG`:HG=hN WA ?R|WG *<  fFrTRN h A R4 r ^ DFA'S( o WRZ]<XW<fFTI(:GB:H:=TVILKZ[TRGB\(:H<~>@Z]DFTD ^

$7lldRli-7$( +nf7yl&
7il=#fO("=ilifu7N$fR=7lfd7d+lli
fllH(i$i+lf < <

CE:~6>:_?RY>@Z]\Y[Kx IL|K
fFTRh?RG`:>@WR:\RA`DS\(:HA`>KVD ^ >@W:fF?RY[Z_af8>@A`Z]<=:HGE>BWkf8>UR } ~|,

B LM ) L L ofFTRhg>@W:HTg>XfF8:}>BWR:>@ABfF<H:8okWR:HTR<=:
A
 8 * A
,* A+
B ,@*~ A
=k-,* A
=k a*7 r
ZY]Z[N :FTRNG:f8*ABY[Ka Z]Tr hRN:H\(U Z]:H_TRhZ]Y]:HfFTLAB>YKbN :GBWRD!>@Wkf8U> *~ rfFTRCh * r N WR:HA`: ^ DSA`:>@WR: ^ DS?VA f8?RY]Z_bf8>BABZ[<H:HGfFAB:
49{ 7 w mL,k v8+ mSw6x {
N[ygU6K6__a_af8>B:~AB>@ZA`Z]<} fFTR h02fFSTL>@=Z[G`K6Z[G_<_af8Y]:~Y]>@:=ABhZ[<f_a)f8>@bA`Z]~<H2:=GH N Z ^ ~ tN \AB:HG`GB:=h Z]Ti>@:HA`_aGtD ^ >@WR:b_bf8>BABZ
:=Y]:H_:HTL>BG>BWR:}G`K6__a:~>@A`K#<HDSTRhZ[>@Z[DSTZ]Gy4S)N

4ku w  WR: ^ DSY[Y]D!Z]TRnt_bf)>@ABZ[<H:=GfF AB:}G`K6__a:~>@A`Z]<F


<    R 
L

< 
L
:=Y]:H_a_f8:H>@TLA`>BZG>B.WR:} G`K62S_=_a:~Z]G7>@A`<HK#fFY]<HY[DS:HTRhghFZ[k>@Z[DS]fT)Z]Gby~42q <Z ^ S y~N <JN  \RAB:=GBG`:Hh#Z[T>B:HA`_aG7D ^ >BWR:_bf8>BABZ

WR: ^ DSY[Y]D!Z]TRnt_bf)>@ABZ[<H:=G fFAB:fFTL>@Z[G`K6__a:~>@ABZ[<F


r < r  
<E < r r <E<ERR <Lr L r
Z]GK6_a_:=>B^ABZ]<b_bf8>BABZ[<H:HGfFA`:g:H?kfFY>@D
TR>DF?RGBWnSWLDS>?RN Y]hI(WR:0Z[G TR^ D8DS>@Y[:HY]D!h>@GWRhRf8>Z[AB:=>@<=WR>@:gYK hR^Z]ABfFDSnS_DSTkf8>@WY :#:HY[<H:HDS_T:HhRTLZ[>@>BGZ]DSTD ^ yfFTLJ>@
<ESaZ fF\R\RY[Z]:=hi>@D0>@WR:hRZ]fFnSDSTRfFY
:=Y]:H_:HTL>BGH S
<SoRWR:HT<H:tLP4 rN
^ Z]TL>@:=AB:=G`>Z[G fFY[GBD>BWR: ^ DSY]Y[^ D!Z]TRnG`>@f8>@:=_a:=T>H%fFTgfFq A`IRZ[>BA@fFAK  m_af8>@A`Z <f8TI:?TRZ]?R:=Y[K
A`7:HAB\RD6A`D :H^ GBJ:=TL9;>@:=:HG> hm fFG >@WR:}q GB, ?_oD fWR:HGA`K : _q _:=>@ A`Z]<q _afFTRf8>@hA`Z  fFT<JhVfFNTfFTLWR>B:=Z]T G`K6 __a:~ >@A`Z]q <_a, f8>@ A`ZbN q <o
~
~
~ ~ ~

fFTh0WR:=TR<H: q i , ~ fFTh0 i <@ ~ ~N


NSgA`_a>BWRf8DS>@nSA`DFZbTkfFY4_a f82>@SA`Z= N Z]G<f8Y]Y]:=h)30k&
6)(F6Z ^

~  ~ 8
2 y
 \RAB:=GBG`:HhZ]T>B:HAB_GD ^ >@WR:}_af8>@A`Zb:HY[:H_:HTL>@G>@W:DFA`>@WDSnSDSTkf8Y]Z[>Ka<HDFTRhRZ[>BZ]DSTZ[G

K S~S L 8
2SS
M B L
4ku w

fFA`WR:}::HhR?k:~jkfFTRY2NdZ>@MZ]DF:}TmWkZ]_fQS\R:}Y]Z[>@:HWG:H>@ABWk: ^f)DS>AB: Z]Gf#GB?kfFA`:_bf8>BABZ


N W:HAB: ^ DSAB:h:=> fFTRhh:=> ~ :~ Z[G`>}fFTh
hR:~>E ~ .hR:~>hR:=> ~ ,hR:=> hR:~> '
WR:=TR<H:hR:~> SN

-!" S +T/4c LQ"4|V N) "#J 4b
44Hc LQ"4|W N D? TRhR:=:Hh4ok:tWRf!QF:
# ~ ~ ~ E ~ IKb>@WR:}DSA>@WRDSnFDSTkfFY[Z[>KaD ^
ILK>@WR:}DSA>@WRDSnFDSTkfFY[Z[>KD ^
2FL
<=^ DSY]?R_:mT<HDS6f TGBZ]/h"#:H $Aa4 >BoRWR>@:mWR:=DST0A>@WR:DFnS<HDSfFTkTfFYJ?RGB_a:}f8>@>@WRA`: Z^ DSZ[Y[T Y]D!f Z]T^ DSnA`_ TRDF>@\Rf8fF>@A`Z[>BDSZ[T4>@Z[ DSTR:=h ILK <=DSY]?_aTRGafFTRh <HfFY]Y:HfF<XW
. U! ) D $ HW D  
fFTh>BWR:}DSA`>BWRDSnSDSTRfFY]Z>KbA`:HYf)>@Z]DFT SF<fFTI:A`Z[>B>B:HTgZ]T>BWR: ^ DSY]Y[DyZ[TRn ^ DSA`_0
  ~
Z[YfFWRA`Z[Y[<XKW0DS_T::bf8<TRf8G T>@WkGBf)WR> D! >@WR:}>@WR<=f8DS>Y]?R>B_WR:bTbA`QFDy:H<=>BGDSD AB-G^ DS A` >B WRfFDSABnS:DFTkTDSfFY%AB_a_bfFf)Y]>@Z[HAB:=Z[<Hh:=GfFTRfFhgA`:b_TR?DF>BAB?k_afFfFY[Y[Y]KZ[HDS:HA`hi>BWRfFDSTRnShDFTk_fF?Y Nd>@?RU fFZ]_Y]YK
DSA>@WRDFnSDSTkfFY2N
CJDy AB:H<HfFY]Y>@WR:}:~ \kf8TRGBZ[DST>BWR:HDFAB:H_ D ^ h:=>@:=AB_Z]Tkf8T>BGHo NE SDFA

hR:~>. K SE! K S L L hR:=>


28
M
M
WR:=AB:#JZ]G>@WR:a<HD ^ fF<~>@DSAD ^ SyN ^^ :a<HDS_\kfFA`:a^ >BWRZ]G}Z[>BWi>@W:bDSA>@WRDSTRfFY]Z>KAB:=Yf8>BZ]DST SF~o
>BWR:HT:g<HfFT <=DSTR<=Y]?RhR:>BWkf8>>@W:<HD fF<~>@DSA`GEbD f8TDFA`>@WDSnSDSTkf8Y _bf)>@ABZf8AB::H?kf8Y >@D>@WR:
<=DSABA`:HGB\(DSTRhZ]TRn_bf)>@ABZ#:=Y]:=_a:=T>BGJL?R\g>@DfGBZ]nFT4
E GBZ]nFThR:~>L
2" S
Mi:G`WkfFY]YTR^ :=:Hhb>BWRZ]G%Z[_a\(DSA`>@fFTL>\R^ ABDS\(:HA>KD ^ DSA>@WRDFnSDSTkfFYk_af8>BABZ]<=:HG ^ DSA7>@WR:E\RABD6D ^ >@Wkf8>>@W:E<=ABDSG`G
\RA`D h?R<=>JD >DQS:=<=>@DFABGJZ]GZ[>BGB:=Y fQS:H<~>@DSA=N
_aA`f8>B>@WRZ[DSDSTRnSG=DFN TkfFTRYdhR_a:=f8:Hh4>@A`oZ]<=<H:HDFG}TRfFGBZ[A`hR::HA\RfF>@A`W>B:Z]<HQS?:HYfF<~>@A`DSY[KAxZ] _ \DFA`}>Xf8*T>~NZ]TMi<H:DFTRWkTRf:HQS<~:>@Z[\RDSABT:~Q6Z]DSZ>@?RWG`Y[KV<HD6:HDSG`A`>@hRfFZ]IRTkY[f)Z]GB>@W::H>@hABfF>@TRWkG f)^ >DSAf

A`TRDF:~>X f8>B<HZ]DSDFTa_aD\(^ DS>@TRW:=:T>B<HGD6DDS^ABh Z]oRTkhRf8:=>B:HTRGDF>B>@:HWRhxA`DS} ?RnSfFWgTfFhxT# fFoRTRnSY[W: Z]<XW0o6Y]fF:HABf:}Q ABZ[TR:=Ynf8>B>B:HWRh:>@QSD-:=<=}m>BDSfFA TRZ[h>BGBb:=Y ^ IL?RK T<XWkfFTRnS:=h4oknSZQS:HG
X
X

}|XR
}E<HDSG k,GBZ[YT 'X <
}G`Z]YT A,<HDFoG
T_bf)>@ABZ#TDF>Xf8>BZ]DST>BWRZ]G >BA@fFTRG ^ DSAB_af8>BZ]DST#<HfFTI:ABZ>B>B:HTfFG
} XX
<m<=DSGBZ[oG YT <HG`DSZ]
T G }u
fFThb:<fFT#:HfFGBZ[Y[K<XW:H<Xa>BWkf8>>@WR:E_bf8>BABZN <m<HDSG`Z]oG YT <HGBDSZ[
T oG Z]GfFT#DSA>@WRDSnFDSTkfFY_af8>@A`ZN
8

Mi:g<fFT:~6>@:=TRh >BWR:fFABnF?R_a:=TL>>@D>@WRA`:H:ghRZ]_:HTGBZ]DFTRG^fFTRhZ]ThR:H:=h>BD hRZ[_a:=TRGBZ[DSTkfFYQS:=<=>@DFA


G`\kfF<H:=GHN T>BWR:>@WRA`:H:hRZ[_a:=TRGBZ[DSTkfFY4<HfFGB::th:=jkTR:}>@W: DFY]Y]D!Z[TRnDSA>@WRDSnFDSTkfFY_bf8>BABZ[<H:HG=
r r 
* r  
* r 
g6 d%
rr <W*  * gF % <Vr  r * r 1) 7 <Wr * r r
4WR :=AB_: 4* Q .#=N <=DSoG W: ao i?RY[ :HAGBZ[ABgT D8>Xf8ao >BZ]*<DSTRGfF<HABDS:|G D %^ oZ]HTL>BH:H"o AB:=G`>.I(:HGB<Z[T f8?R GBN : >@WRWR::~KfFTRfFnSY[Y]Y[D!:HG ?RUo Gg>@fFDTRh AB Z>@f8:ABhR:D!<fFY[TiY]:Hhf
A`DF>Xf8>BZ]DSTZ]T>@WRA` :H:hRZ[ _a:=TRGBZ[DSTkfFYkG`\kfF<H:fFIDF?> f8T#fFA`IRZ[>BA@fFAKf) Z]G.>@WABDS?RnFW#fFTf8ABIRZ>@A@f8A`KfFTnSY]:
N DhRD>@WRZ[GDSTR:}_?RG>E<HfFABAKDS?>JfGB:=?R:HTR<=:D ^ >@WAB:H:}A`DF>Xf8>BZ]DSTGH
ZfABD8>Xf8>BZ]DSTgfFI(DS?>>BWR8: bf) Z[G >@DIRABZ[TRnf) Z]G'Z]TL>BD>BWR:aTR:~ER D\RY]fFTR:Fo
Z[Z#f}ABDF>@f8>@Z[DSTfFI(DS?>%>@WR:JTR:~ }gf) Z]G7>BWRABDS?nSW#fFTafFTRnFY]
: V>@D_afFF:>@W1: tf) Z]G<HDSZ[TR<HZ[hR:Z[>@W
tfFTo hjkTRfFY]YK
,Z]Z[ZbfABD8>Xf8>BZ]DSTgfFI(DS?>>BWR8: bf) Z[G >@WRA`DS?RnSW>@W:tf8TRnSY]: N
TG`K6_I(DSY]G:}<fFTgABZ>@:>@WZ]GZ]T#>BWR: ^ DSY]Y[DyZ[TRn ^ DSA`_0
}o`Lu
`< > }|X'XUXu `< _  }|X X'X X+X Xu `<a _  }|X X X'X X X+X X X
2
WRWRZ[:G;DSGB:=A>@6WR?DS:HnFTRDS<=Tk:fFD Y[^Z[>ABKD8>XD f8^ >BYZ]DSTRG
f8Z]TRG4h :g\EAB:H:=G`TRGBGB:=?RhA`IL:HGJK>@>@WRW:}:7_bDSAf8>@>BWRABDSZnFDS\TkABfFD6Y[hRZ[>?RK<=S> D ^ * % 7 1)  Y6  g)) dN

~
1) J g6 J 1y) $  ~ 1)  g6  1) d
~  d ~   ~ J 1) J g6 J 1y) %
Mi^ :<HfFTVTRD!'\RA`D!QS^ :G`:=QF:HA@f8YG`>@f8>@:=_a:=TL>@GJ<HDSTR<=:HA`TRZ]TRna>@A@f8TRG ^ DSA`_bf)>@Z]DFTRGD ^ QF:H<~>@DSA`GHoWZ]<XWV:HA`:
Y[: >Z[>BWRDS?>\ABD6D Z[T>@WR:}<XWkfF\ >@:HADSTgQS:=<=>BDSAJfFY]nS:=IRA@f
Zb>BWR:}Y]:HTnF>@WgD ^ fQS:H<~>@DSkA b Z[GZ]TLQ8fFABZ]fFTL>?RTRhR:=AABDF>@f8>@Z[DSTRGHo
Z[Za>BWR:}GB<f8YfFA\RA`D h?R<=>JD ^ QS:=<=>@DFABkG # fFTRh  Z[GZ]TLQ8fFABZ]fFTL>?RTRhR:=AJA`DF>Xf)>@Z]DFTRGHo
,Z]Z[Z>BWR:}<HABDFGBGJ\RABD6hR?R<~>D ^ QF:H<~>@DSA`NG b f8TRh J >@A@f8TRG ^ DSA`_aGY[Z]8:}fQF:H<~>@DSA=N
CDJ^ DF>@ :Z[G>@WknSf8ZQS>:H,TVZIfFK TRh ,Z] ZoZfFN :FAB:NJY]ILDSK0nFZ]>B<WRf8:Y]Y[KGB<H>BfFWRYf8:AEGBfF\R_aA`D :h?RG`>@<=f8>>@D:=_a^ #:=TL>NZ[>@WVTRhRZ[>@:=G`:H:Hh4Y ^ o(N >@WR>:Z]GGB>@?kWRf8:=ABAB:: ^ DDF^AB:>@WRG`:tD? bY]:=<HTRZ]nF:=>@TLW >
>BDa\RA`D!QS:aZ[Z~d9:~>>@WR:QS:=<=>BDSABGEf ^ >@:=A >@WR:}A`DF>Xf8>BZ]DSTI(e: X fFTRh X oRAB:=GB\(:H<~>@Z[QF:HYKSoZ N :FN
X N fFTRh  X
S
>BWR:HT
p X  X K LX HX K 26  =
 K K E~) K E L L K K E E L y= L
L
L
fFTh0ILK N2 yDSA2SS:tWRf!QF: K E E L B L oRWR:=TR<H:
X ' X K B L y= L K y
p
L
"

WRZ[<XW0Z[G>@WR:}G`>@f8>@:=_a:=TL>ED ^ A`DF>Xf8>BZ]DSTRfFY
Z[TQ8fFA`ZfFT<H:D ^ y N
Z[TkfFY[Y[KY[:=>?RG\RABD!QF:E>@W:G`>@f8>@:=_a:=TL>>BWkf8>>@WR:J<HA`DSGBG\RABD6hR?R<~>* D ^ QS:H<~>@DSA`G 2(L(XfFTh
2H~X!~ Z[GZ[>@G`:HY ^ fQF:H<=>BDSAHN W?RGJY]:=>
*

fFTh0Y[:=-> # fFTh J >@A@f8TRG ^ DSA`_ ?RTRh:HAJfA`DF>Xf)>@Z]DF7T fF<=<HDSA`hRZ]Tn>BD
L <a  X J=yy @ < * X E
WR:=AB:GB?_a_af8>@Z[DST D!QF:HAZ]G#Z[_a\RY[Z]:=h4N D\RABD!QS:m>BWkf8=> *0 Z]G#fQF:H<~>@DSA#:_?RG`>#GBWRD! >@Wkf8>
*X < * X
Ef *`!NCED!:}WkfQS:
* <a *HX p X   X
y L L X * XL y L   = [;) L X % ) L J  L ' H@
J:HAB:Z]T>BWR:a: \RAB:=GBGBZ[DST y L J  L 'GB?_a_af8>@Z[DSTRGD!QF:HAEmfFTRuh ifFA`:Z]_\RY]Z[:Hh44>BWR:HA`: ^ DSA`:>BWRZ]G
:J\AB :HG` GBZ[DSrT N Z[GDfVhR>@DW>@Z]WABh6Z]GA@<Hf8DFTRTRGBZ[>BhR:H:HTRAG`>@DSWAH:o%\RfFWRA`Z[>B<XZ]W<H?YfF:A <<Hf8fFTGB:}h}:HTR,DF>B: ILKE JN9;:=>?RG:HG>XfFIRY[Z]G`W>@Wkf8>

}, [ L E L * R E ,LH P  8 r


WR:=AB:Z[Tb>@WR:YfFG> G`>B:H\#:WkfQS:?RG`:HAh y L  <y L N W:<fFG`:HGEfFTRh<HfFTI(:hRDSTR:
G`Z]_Z]Yf8ABY[KFN
CGJK :~_6>}_Y]:=:~>@>AK?RGD ^ G`WRyD! >BWk:f8Wk>fJQS: L Z]Gf8T>BZ]GK __:=>@A`Z]<tZ]TV>BWR:Z]ThRZ]<=:HG ~N TRhR:=:Hh4o;?GBZ]Tn#>@WR:f8T>BZ
L
J y L J c L <y L   L <JE
CJDy <HDSTRG`Z]hR:=A >@WR:}\kf8A`>@Z[<H?RY]fFA <HfFGB:D ^ !
 L[ L ,# E L <  << 
WR:=TR<H:8o4Z[>BW (N " SJfFTRhmTDF>@Z[TRna>BWkf8>h:=> ,So:nS:~> ~NU Z]_Z]Y]fFABYKb:<f8T
jkThVfFY[Y4DF>BWR:HA TRDSTH:HA`Da:=Y]:=_a:=T>BGD ^ J L ofFTRhgWR:=TR<H:8o<HDSY[Y]:H<~>@Z[TRnDS?RAA`:HGB?Y[>@G=oR:}jkTRh
E J =J
WR:=TR<H:
* X J  X
E =  @ ER *
WRZ[<XW0Z[G>@WR:}<HDFABAB:=<=>>@ABfFTRG ^ DSAB_af8>@Z[DST ^ DSAfQF:H<=>BDSAHN
NPLJWR:HAB:__aZ[>Bf8ZfF>@A`TgZe f8TR h fFTL >@Z]W~:H AB_Z]GZ[<>BZf8fFY]TbY]:=h_bWRf8:H>BABA`Z[_a<H:HZ>@G=Z]N fFTZ ^ Z[>WRfFG>@WR:}\RA`DS\:=A`>K



>BWkWRf8:=>JAB:f>BWRWR:=K: AB_JZ[G`>@K6Z]fF_T#I(_aDSYf8hR>@:HA`ZTRaD8>@Z]G:HGfWRGB:HA`?k_afFZA`>@:Zf8_aTf8<=>BDSABT)Z`?RNnSMif8>@ABZ[ZDS>BTm>B:HT,< ^Z]TN7G`<=:HDS<=_>BZ]DS\TDSTS:H~TLN >@G=oW>@Z]WRG:hRh:=jk:=jkTTRZ[>@ZZ[>@DSZ[TbDSTZ[_aD ^ \>@Y]Z]WR:=: G
WR:=AB_Z[>BZfFT_af8>@A`Zb<fFTI(:AB:HG>Xf8>B:Hh>@W?RGH



WR:=AB:>BWR:tfFG`>B:HABZ[GBghR:=TRDF>@:=G<=DS_a\Y]:~<=DST)`?RnSf8>@Z[DS^ T4N Tm\RfFA`>BZ]<H?YfFA=oR:tWkfQS: ^ DFAJ>BWR:hRZ]fFnSDSTRfFY


:=Y]:H_:HTL>B1G  okZ N :FNd>BWR:}hRZfFnFDSTkfFY:HY]:=_a:=TL>@GD fW:HAB_Z[>BZfFT_af8>BABZ#fFA`:AB:f8Y N
fFY[WRGBDg:ahR\R:~ABjkDF\TR:=:A`>>@KWR:D ^<=DSWR_a:HA`\_aY]:~Z>@Z]<=fFZ[Tk>K0fFY[DSZ]GnS?RfF:TD :~^ 6>@f8:=TiTRGBf8Z[TDS>BTZ]GDK ^_G`_K6_:=>@_aA`Z]<:~>@_aAKf8>B>@ABDZ<Ho4DSTR_fF\R_aY]::=Y[Km_afFf8T >@A`FZ]<Hk:=2GH0kN~M:<f8FT
_af8>@A`Z
_af8>@A`ZbZ[G<fFY[Y]:=hgfFTL>@Z]W:HAB_Z[>BZfFTbZ ^ Z[>Wkf8G>BWR:}\RABDF\:=A`>K
<J
kABDF_ fhRZ]G`<H?RG`GBZ]DFTaG`Z]_Z]Yf8A>@D}>@W:JDFTR:>@Wkf8>%>@fF?RnSWL>?RG%D ^ >BWR:AB:HfFY]Z>KD ^ >@WR:hRZ]fFnSDSTRfFYR:HY[:H_:HTL>@G
D:=Y]^ :Hf_WR:HTL:=>BABGH_N Z[>BZfFTg_af8>@A`Zo:<f8TVGB:=:t>BWkf8>>@WR:tfFTL>@Z[WR:HA`_aZ>@Z]fFT_bf)>@ABZWkf8GEZ[_bfFnFZ]TkfFAK#hRZ]fFnSDSTRfFY
O TL(>@:=AB:="RG`D>@Z[TR4nb <Z[G W>@WR: N^  DS Y[Y])D!Z]"wT4nG`">@f8>@:=+_a:= #T>H  $k ; G4  *W N : @4
4 *  * 4W N) \ 0|4bq
-4L4.! 64 F:Ro?
nSTR:~hg> :H :Hh
o(Y[:= > ) ) , ) ,ofFtTRoRh>@WRZ ^ :=T :) GB ?I>@AB fF<= >,>@W :H _ :tnF<:=>.N ^ : ) fFh< hg) >BWR:HNG`:>D:H?kf8>BZ]DSTGHoR:

Mi>BWR::<G`fF:H\kTfFf8ABY]f8GB>@DEZ[DSTABZ[D >B^:fafFT<=DSfF_TL>B\RZ]WRY]::=gAB__bZ[>@f)Z]>@fFABTZ _b) f8>BZ]ABTLZ>@DWR:=fFABGd_.Z[>@Z]fFT fFTRoShVWRfF:HTLA`>@


: Z]W :HAB_Z]GZ[WR>B:HZfFA`T_a_aZ>@Zf8f8>BT4ABNZ]<= :HGJWR:H<A`fF: T0^ DSIA`::
A`Z[>B>B:HTZ]T>@W: ^ DFAB_ D ^
)
# , 
^ fFWR_:=Z]ABY[K: ZfFbAJAB:=f8\RTRAB3h :=GB:=T>@f8fF>@A`Z[:DSTWR:=D AB^_fgZ[>@Z]<HfFDST__b\RY]f8:>BABZ[T<H:H?RG=_N I( Tb:HAt>BWRfFZ]GG >@^ WDS:AB_ G`?RDS_T:D AB^ :=<HZ[>@DSG}nFTRA`:Z]G`fF:HY7G\k>Bf8WRA`:>tfFfFTRTRfFhY]DSnF >@?RZ]:_D :H^ G>@ZWR>@:G
Z[_bfFnFZ]TkfFAK\kfFA`>HN
>BWkTRf8DF>>@>@WWR:H:}A:=Z]_Z]nS\(:=TDSQ8A`>@fFfFY[?RTL:H> G\RD A`^DS\WR:=:=A`AB>_KZ[D>BZ^ fFWT:H_aAB_f8Z[>@>BA`ZZ]fF<=Ta:HG_bfFf)A`:>@ABABZ[<H::=f8GY N Z]Y[YI(:hRZ]G`<H?RG`GB:=hVZ]TG`:H<~>@Z]DFkT oRTkfF_:HYK
NOpJTR"Z[D>@fF8A`4Kb H_b3f8W>BABZ N
N 24R" Rx4L =2 , P kD"I +



2
Z 24L gV N) D?
CJDF>@:>BWkf8>o Z ^ Z]GftAB:f8Y
_af8>@A`Zo6>BWR:HTgWR:=AB_Z[>BZfFTa<HDST)`?nLf8>@Z[DST#Z[G>@W:G@fF_:fFG >BA@fFTGB\(DSGBZ>@Z]DFT4o
fFTht>@W:fFI(D!QS:hR:=jRTRZ[>BZ]DST}D ^ >@WR:?RTRZ>XfFAK_bf)>@ABZ<=DSZ]TR<=Z]hR:=G;Z[>@W}>@WRf8>D ^ fFTDSA`>BWRDSnSDFTkfFYL_af8>@A`ZN
W?RGJ?RTRZ>XfFA`Z[>K#Z[G >@WR:}nS:=TR:HABfFY]Z[f8>BZ]DSTbD ^ DFA`>@WDSnSDSTkf8Y]Z[>K>@D<=DS_a\Y]:~#_bf)>@ABZ[<H:=GHN
p<HJfFGBT0Z]TG`n#:H:}>@WR>@:Wkf)\R> A`DS\(:HA`>KmD ^ hR:=>B:HAB_Z]TRfFTL>@G>BWkf8>hR:~>)J hR:=>),hR:~>y< ^ NtG`:H<~>@Z]DFuT 6N o
:
hR:=>ys hR:=>!s %

>BWRWR:HZ[T0G\RZ]_AB:=\R_Y]Z[?R:HGY[>BZ]>@\RWRYf8K >}f#?RNTR Z >XfFAKILK;_b f8>B ABZVoRZ[G:}A`nS:H:=nS> ?RY]fFAf8TRhm>@WR:=AB: ^ DSAB:Z>@GZ[TLQS:HA`GBe: :~ Z]G>@GHN ^ :



fFTh0Z ^ :\DSG>@_?Y[>@Z[\RY[K>BWRZ]GILK :tnF:=>



WRl:=DSAB__\kZ[>BfFZA`fFZ]TTRn<=DS>@T)W`Z]?RGnLf)>@Z[:F>@WN N :m<=DSTR<HY[?R hR:>@Wkf8>bfi?TRZ[>@fFA`K_af8>@A`Z<=DS__?>@:=GaZ>@W Z>@G

; { w6:u pk7 ow6xknu xw6,w u p w mFv!s)xF- x,Rs(uk Lvy,susEiv!)7 mSw6x {


^
^
^
\R4A`{DSz\:= A`T>BZ]:H>@GWRZ[>BGWkG`f8:H><~>@Z]:=DFABT:}<HDS:aTA`GB: Z]h:=:HA}AB:=>BhDVfFfgG<H>@DFWY]:?R_:HGBTG`:HTL_b>@f)Z]fF>@Y4ABZ\RA`DSfF\(G:HhFA`>XKb~)D ^ fFZ]A`TLABKb:=GBQF\(:H:H<~<=>@>BDSZ[QFA:Z[T#D QS:HfF<~TL>@KmDSA>BA@f8fFY]nSTR:=G IRDSA@ABf_aN f8 >BW6Z]DS?T G
S: GB;WRfFHY]HYkh:HokTRG`DF?R>B<X:W0f>BWkQSf8:=> <=>BDSA0ILK } DFA fFTRh >@WR:<HDSA`AB:=GB\(DSTRhRZ[TRn <=DS_\DST:HTL>@GgILK }kf8TRh )oV
}4
6

} NN FNN
}k
)
4{[  WR:}\RA`D hR?<=>JD ^ fQF:H<=>BDS3A } oRG@fKSoILK#>BWR:}  _af8>BABZb. LHZ[GEfQF:H<=>BDSAH
g}
7
2
z
GB\RfF<H:8:=N}TR:HABTRfFY[Y]KYKi:~ G`\<=:H:H\fF>BZ]Z]DSTRTkn0f8Y]>@Y[WRK :# QF:H<=Z[>BY]YDSABI:G :t} <HDSfFY[TRY]Z[hTR:fF AWkfQSZ>@:W h} IZ o:HZ NAB:F:=7N TL> hR Z]A`5P:H<~} >@o4Z]DFf8TRTRGhVZ[T:<fFhRT0Z]_:HABTZ[GB>BZ]:DFTkZ[TRfFG`Y7>BQS:fF:=<=hm>@DFD A ^
N2 ~
} 5P}

2a L
QF:H<=>BDSA>BWkf8>G@f8>BZ]Gjk:HG (N a L4Z[G<HfFY]Y[:HhfFT~
6~ hFX~)4D ^ fFT[h 5Z]G<f8Y]Y]:=h>BWR:<HDSA`AB:HG`\DFTRhRZ]Tn
~
6~ h)F k~^ NM:JGBWRfFY]YGB:=:E>BWkf8>Z]TnS:HTR:=A@fFYft_af8>BABZWkfF^GGB:=QF:HABfFY
:=Z]nS:=TQ8fFY[?R:HGfFTRha:HZ[nS:HTLQS:=<=>BDSABG=N W:
\RA`DSIRY]^:=_ D jkTRhRZ[TRn}fFY]Y6:HZ[nS:HTLQ8fFY[?R:HGfFTRh:HZ[nS:HTLQF:H<=>BDSABG%D f_af8>BABZZ[G<HfFY]Y[:Hh>BWR:t~
6~^ h)F k- S(@a >H]~N
_^DSAB :nF\k:HTRfFA`:=>BA@Z]fF<=Y[?RY[KSYfFo(AD ^Z[TLJ>@:H:HA`AB:H_G>Z[>BZ]ZTfFT0\RWL_bK6f)GB>@Z[<ABfFZ[<HY:=fFGHN\R\RMiY[Z]<H:f8GB>@WRZ[DSfFTRY]YG>@Z]WRG:=>@ABW: :t^ DF:=ABZ]:nS:=WkTfQ8QFfF:Y[?R>@:WR:=\RGBAB:DS_aIY]f8:H_>@A`Z]<HD :=GG`K6Z[Tm__a_aZ[:~TR>@hmABZ[<Z[TVfF>@TRWRh4: o
DSY[Y]D!Z]TRnhRZ]G`<H?RG`GBZ]DFT4N
:H4Z[{[nS :HTLQF :HW<=?R>BDSGA}<=DSfFTRTRhG`Z]hR:=:=Z]nSA := TLQFf8NY]?R2a :L~o WRZ]<XWRW:HA`fF:A`:'>@DbZ]GJIf:hTR:=D!>@:=ABTm_ Z]TR :=h4N _af8T>BAB:=Z?RfFZ[Q8TRfFh Y[:HTL} > fF^TDS|h A`_ 5mDfF^A`:}>@WR>BWR::}:=Z]?RnSTR:=TLTRQFf8D!Y]?RT :

:H?kf)>@Z]DFT0Z[G
7} <5Lg} 8r
"rL
WR:=ABH: Z[G >@WR:}  ?RTRZ>_bf)>@ABZNMA`Z[>BZ]TRn>BWR:}Yf8>`>@:=A:H?kf8>BZ]DSTg:~ \RY[Z]<=Z[>@YKa:}WkfQS:
R-B<@ 5 L_<@ 5 L HH ,,  }4}  rr 
y
S) S LH HH SH H< 5 }k r
DQSS:=A=<=oR>B<DSfFAJA`A`>BK6DZ]T>@nWR:}DS?<HDF> AB>BABWR:=:GB\(_DSTR?hRY[>@Z[Z[TR\RnY]Z[<<Hf8DS>B_Z]DS\TDFTRDST#:HTL>B>WRD :^ Y2>@NW4WRN:}GHN%Tf8?RTRY]YhQS:H:H<~>@?kDSf8AJ>BZ]DSTRTn>@:~WQS::=A`A=KNW
<=NDSG=N[_aok\(DS:TRnF:=:=TL> >D ^ >@WR:AB:HG`?RY[>BZ]TRn
R- <@5($ }4 , * }T ,* }T , ( ,, }k r
LB$ }4 ,2L <@5s }T ,L* }T , ( ,, }k r
LS
H
S8 }4 ,LH* }T ,S }- ,H ,L=U <@5($ }k r
}kTVo4>B WR: Y]fFSG`(> ^ ;DSHA`_0ko N NWRLZ[SG:Ho(?k:f8>BA`Z]:HDS<HTDFnSWRTRfFZ]G=:>@WRf:Y]Z[DSTRIL:Q fFZ[ADS?RG`Z]G_G`?RDSYY]>X?fF>BTZ]DS:HxT DS?R}4GJ:= 6?R}f8}>@Z[DS T0HZ(>@WVi}k#?RTR TRr D!o4IRTR?G=>o
>B>@WRWRZ]:G

+7il$7lK :d+RGi7=lf/Nf_ifl=:7iGfR=f+l$_7=idf7d+=lf=Nl_7Rl=yl
i=yif&:fNi=7= fl+i$TWiT7fi&1("=i=ilf lRi=RifaNiR=

GBDFY]?>BZ]DSTZ]GD ^ TRDaZ[TL>@:HA`:HG>N >EZ]G<f8Y]Y]:=h>@WR:2;h!F GBDSY[?>@Z[DST4N WR:HA`::~ Z[G`>fFY]G`D


)k;h!FG`DSY]?>BZ]DSTGHo
fFTRhZ[>Z[G >@WR:=GB:}>@Wkf)>:TRD! \RA`D <=:H:=h>BDjRTRh4N
Z]4T{ >BWR: l^ DSDSTRABG`_ Z]hRD:=A^ ^ DFAJG`Z]_\RY]Z[<HZ>K>BWR:}>D8hRZ]_:HTGBZ]DFTkfFY4<HfFGB:8oZ2N:8NV NM:}<f8T0>@W:HT0A`Z[>B: NLS
2- <@5s }41 , * } r
SL
LB$ }4 ,.2L <5s } r
F
G`WR:HH::=GB:}Z]>nN D!fL:HN ?kf8>BWRZ]DS:tTG`GY]DSfF\(AB:H:G>BDWR^ :}>B:HWR:H?kG`f8:t>BY[Z]Z]DSTRT:=GGD fF^ AB:G`>@nSABfFZQSZ]nF:=T0W> ILY]K Z]T:HG>BWRABDS?nSW>@WR:DSA`Z]nSZ[T#D ^ >@W:b }4 }~\RY]fFTR:

T <@5 }4 fFTRh } < LB }4


} <
4S

Ld <5
AB:=GB\(:H<~>@Z[QF:HYKSo(fFTRhnS:HT:HA@f8Y]Y[KaGB\(:f86Z[TRn>@WR:~K#Z]Y[Y4I:hIZ :HAB:=TL>N T>BWRZ]G<HfFGB:}>@W:}>DY]Z]T:HGWkfQS:DS^ TRYK
DS<f8TRTm:jk\(TRDShZ]TL>faZ[Q8TfFY[<H?RDS:_D _a^ DF5T4G`o4?RTk<XfFW_>@:HWkYf)K0>>B>@WRW::DSGBABY[Z[DSnS\(Z]T
:HGo4fFf8TRAB:h:=DST?kY[fFKVY o(>BWR>@WR::=>@TVA`Z[>@Q6WZfF:YY]GBZ[TRDF:HY]?GJ>B<HZ]DSDSTZ[TR:<HZ[hRZ[G`:>BGH,NGB:=E[: D!Z]n:=NQF:HHAHIoEZ fFTh :
:nS:=>EfFY[GBDa^ TRDSTL>@A`Z[Q6ZfFY
GBDSY[?>@Z[DSTRGHNU ?R<XWfQFf8Y]?R:}D ^ 5mZ[GJ<HfFY]Y[:Hh0fFT~
6~ h)F kD ^ N ^ fTRDFT>BABZQ Z]fFY
>@GBWDFY]:t?>BGBZ]fFDS_aT:}Z]G <=DSDSTR?RG`>@TRfFh0TL>>@o(WRGB:=Z[TVTR<H:}:tDS<TRfFYK#Tm>@fFWY]G`:tDaABjkf8>@TRZ[hVDDFD >@^ WR}4:=AE>@TDkDSTL}>@ABZZ]Q6GZjfF Y;:=G`hVDSY]?IL>BKZ]DS>@TWRGE:IL:HK?k_f)>@?RZ]YDF>@^ TRZ]\GHY[N K6Z]TRTL9n Kg}4\kfFfFZ[ATRh }4}~}ILK
>@WRf8>JG@f8>BZ]G`jR:HGGBZ[_?RY[>@fFTR:=DS?RGBYK GHN2FL fFTRh2FLZ]G<f8Y]Y]:=hgfFT~
6~ hFX~)D N
<H4DF{[TRhR Z[9;>BZ]:=DS>Tg?RD G^ TR:HD!?kf8Y]\RZ[>A`KbD <=D :H^ :=hi>@WR>@:}DgGBY[jkDSTR\(h:HG>@WD ^:>@:=WRZ]nS::=>TLQFDaf8Y]Y[?RZ]TR:=G:=GD Z]^ GnSZNaQS:HlTDSTILKGBZ]h:HABZ[TRn NV24 FE:GB:=:>BWkf8>}>@WR:
RT <5 LB DFA 2-<5(H2L<@5-<RLB% r

R L <@5
^ ^
^
GB<\(:H5<=ZafFY[N7Y[KgMZ]T0:}<H>@fFWRT:t>BYf8WR>`:H>@A`:H: A ^ DSA`DS:}A`_ AB:=D A`Z[>B: (N2 N 2J hRDbZ]T#:>@WA`::H<H:=DFnS?RTRZ[Z]Q8=fF:tY[:H>BTLWk> f8>J^ DS>@ABWR_ :DY2N^ W
NG=NEZ[GE>@W:hR:~>@:HA`_aZ[TkfFTL>D
h:=>y,? <@5% r

lDSTRGBZ[hR:HA`:HhfFGfFT:=6?Rf8>@Z[DSTiZ[^ T>@WR:?R^ TRTRD!T 5;o Nm2 Z[Gtfg?kfFhRABf8>@Z[<:H?kf8>BZ]DSTWRZ[<XWi:
<f8TVfFY[GBDABZ>@:Z[Tg>BWR:}:~ \kfFThR:Hh DSAB_ D
5 < 2 ,L~& 56,R`L <B78
r

^
^
hRfFTR:~>@h#:HA`_a:Z[TkG`:HfF:TL>>BWkD f8^ >>BWRN : <=WD ?R : G=baokZ<=^ Z]:=T^ :}> G`D :=^> 5^ Z[GH o6?R \bAR>B.DfGBZ[nST4,o>@LWR:EE>@fFA@f8TR<H7h : D hRfF:~TR>h#>BWR:<=DS`TRLG>X fF<TL> >B:HAB_B~o Z]G>@WR>@:=WRT :
:t<HfFT0<HfFG`> NE2 Z[T>@WR: DSA`_ D
5 <]W56,
r
" L
?kf8WR>@Z[:}DSTRABD6GtDF2>@ G D^ >@D0>@WR2:}a L<XWk f8fFA@ABfF:<~>@fF:HY[A`Y
Z]:=G>@6Z]?<Z[Q8:=fFY]?k:=f8TL>@>Z[RDS>@TWfF:=KgAB: fFA`:}<fFY[Y]:Hh#>BWR:#N 0F`6~~]~ & HRF )aD ^ tN

5
s r <=
,4 rL
fFZTRh>@WRZ]Tg:>nS:=TRDa:HA`ABD fFD8Y4>@G:tfFA`<H:fFTgA`:WkfFfYQSf8:TRDShgTRhR:}Z]GD >@^ Z]T>@WR<=>A`:HZ :^ < fF G` :HGH< r

Z[Z>BWR:HA`:}Z]GDSTR:}hRDF?RIR^ Y]:}A`D DF> Z ^ < rofFTRh ^


Z[Z]Z%>@W:HAB:}Z[GEf\kf8Z]A D <HDF_a\RY[:~g<=DST)`?RnSf8>@:A`D DF>BGZ <rN
TR4DF{[>HN7 OpE?\>>@>@DtWR>BZ[GWRZ]GZ]\(Y[YDSIZ]TL:>Z[_aZ]T\(>@DSWRA`:J>@fFhRTL:=>ABZ[TRQ8D!f8}>BZ]oLDSIT:=Z[<>%fF?RG`fF: GZ[_a:_aG`Wkf8fF>BY[:HYAB\RZ]fFA`DyYQF:WR:=?R>BWRZ[>B:H: A nS :HT:HA@fFf8G Y]Y[fKE>BWk:=f8AB_>d>BZ[>@WRZ]: fFT:=Z]nS_b:=f)T>@Q8ABfFZY[?RDS:HGA
D ^ fTRJhR:H:HA`:=_ah4Zo>@ZfVf8T#J_b:HABf)_>@Z[AB>BZZfFTif8AB:}_bABf):H>@fFABYZN WkfFGt>@WR:#\ABDS\(:HA>Ki>BWkf8>Z>@GhRZf8nSDSTkfFY%:=Y]:H_:HTL>BGfFAB:aAB:HfFYf8TRh>@WR:

Da hRZ]fF_bnSDSf8TR>BABfFZYb:=Y]:=:t_aWR:=f!TQF>BG:LfFAB: A`:HoY]f8fF>@TR:=hghWRI:=KTR<HL:t B % N WR?RL Gt Z[oTmfF>@TRWRh:>B\kWRf8:HA`A`>@: Z[^ <HDS?RA`Y]:}fFA:<HfFnSGB:=:> D ^ fE:=AB_Z[>BZfFT


B

< 2 , L~ <R`L <L % R- <L~ , L ?r ,Ry

W?RGE>BWR:}<XWkfFABfF<=>B:HABZ[G`>BZ]<:H?kf)>@Z]DFTD ^ fE:=AB_Z[>@Z]fFTg  _bf)>@ABZ#WRfFGDSTRY[KbAB:HfFY;ABD6DF>@G=N


4{Da hR DMi>@:WZ]TG Dy:\RnFA`DaD <=Ik:Hf8:=<Xh#b>@>@DD \RA`D!QSN:2a>@WRLf8 >fFfFTRY[hgY:H<=Z]DSnFTR:HGBTLZ[Q8hRfF:HY]A?R:=Z>G >@D DS^ nSf:~>@EWR:=:HAA`_aZZ[>@>@Z]WgfFTbZ>@_aGEf8>@:=A`ABZ_DZ[>B^ ZfFfFT#TLKb<=DSDST)A``hR?R:HnSA f8fF>@AB:8:E AB:f8Y N

g} 5P} } . 5 }

,S
:WR:=TRABD!: Z]T0\RAB>@:=WR_:?RY]f8Y>@>BZ]>B\:HY[AJK:H>BWR?k:Ef8jR>BZ]ABDSG`Tm>D ^ :WkfGHQFNE:L?RSGBd:=hIK >BWR} :hRfFTR:~jkhaTR\Z>@DFZ]G`DF>@TV_D ?R^ Y[>B>BZ]WR\R:YKE>@W:=AB:_GBZ[:=>B<HZDSfFTTh_b:Hf)>@?kABf8Z>BZ]oDS Ta IK } tfFN T h ^

>@W:HTVG`?RI>BA@fF<~>oR>@W:HTg:nS:=>
i 59<5 L } g}
r
fFTRhGBZ[TR<H: } O}  rZ> ^ DSY]Y[D!G>@Wkf)>
5/<@5
r
Z N :FNd>BWR::HZ]nF:HTLQ8fFY]?RG: 5Z]GAB:HfFY N
^
E:=ABCE_DFTZ[>B>B:Z:}fF<T4>BfFWkN Tf8>fFY[DSGB?D#AJ\R\A`ABD!D6QSD :^ >@_aWR:fF8<=:HDSGTLTRQS:=DABGBAB:: ^ :=>@ABWR:=:=TRDS<HAB:}:=_0>@DE>@Z WR:}f#hR_aZ[_af8>@:=A`TRZ0GBZ[DSWkTfFGD ^ DSTY[NK0AB>J:Z]f8G Yd>@:HWZ[nS:HAB:H:TL^ Q8DSfFABY]:?:HQ8GHfFo4Y[Z]>Bh WR^:HDSTAJZfF>TLZ]K G

 gE:=AB_Z[>BZfFTt_bf8>BABZ
o8Z]TRh:H:HhfFY[GBD ^ DFAdZ]TjRTRZ[>B: hRZ]_:HTGBZ]DFTkfFY E:HA`_aZ>@Z]fFT_af8>@A`Z]<=:HGHo8WRZ]<XWfFA`: ?RGB:=h
Z]Tg?kfFTL>B?R__a:=<XWkfFTRZ[<HG=N
^4AB{[DF _ >BWRDt:G`>B>?RhD8KhR>@Z[WR_a:E:=\RTRABGBDFZ[DS\Tk:=fFA`Yk>@Z[>B:HDG>@D WR^ :E>BWR>@WR:A`<X:HWR:~fFhRA@fFZ]_<~>@:H:=TABZ]GBGZ]>@DFZ[Tk<JfF:=Y<?kfFf8G`>@:FZ[N DST WR^ ?:A`>@<XWWk:Hf8AHA@o6fF<~Y]:~>@>:HA`?RZ]GG>@:Z]<E >B:H:HTR?kh#f8>B>BZ]WRDS:JTbhRD Z]^ G`<Hf?RG`GBZ]DFT
_af8>@A`ZZ[G
 RLB< 5 L<@ 5 L 

hR:~>)? <@5  LB L <@5 
<W 5 ,V5 <5[, 8 r 
,LL
D ^ WR>@:=WRAB:}: hR Z]fF nSDS TkARf8Y
:HY[:H_:Hy TL>@,GLD ^ T , L!oo .h:=>:o ) , ) T , ) !ofFTRh ) fFAB:}>@WR:}<=D ^ fF<=>BDSABG
) 7.LL <L! ) .`L <RLB~ ) Ld <RLB
Z]Y]fFWAB?RYKG ^DS:A>@<HWfF:T>BjkWRTRABhm:=:~>BhWkZ]f8_>:HZ[TRTmG`>@Z]DSWRTk:f8nFY;:H<TRfF:=G`A@:tfFYd>@W:hR<XWkZ]_fFAB:HfFTR<=G`>BZ]:HDSA`TRZ]fFG`>BYZ]<<HfF:HGB:?k>Bf8WR>B:Z]DS<XTWkZ]fFGEABfFfa<=>B<=:H?RA`IRZ]G`Z[<t>BZ]<:=6:=?Rf8?k>@f8Z[DS>@Z[TVDSTZ[T Z]GE5;NJD ^ U Z]_>BW
DSA`hR:HA=
hR:~>y,? <@57= <W5 , AkU 5 , , r
,S
"r

GBG`?R_Z]TRn>@WRf8>>@WR:}<XWkf8A@fF<~>@:HA`Z]G>@Z]<}:=6?Rf8>@Z[DSTgWkfFGhRZ]G>@Z]T<=>ABD6DF>BG5k o:<f8TVfFY[GBDA`Z[>@:
hR:~>)? <@5 7 54- <@ 5(Hi 5k <5(
!7 5kV <@5
$ <V5( ,.i 5
1 ,5kT , ( ,5kS& 5 , H ,54 5k 5R8 r ,S
fFTRhV<HDS_\kfFA`Z]TRnZ[>BW ^ (NSL:jkTRh0>@WR:tZ]TL>@:=AB:HG>@Z[TRnbA`:HGB?Y[>>BWkf8>E>@WR:tGB?R^ _ D ^ >BWR::=Z]nS:=TQ8fFY[?R:HGEZ]G
:H?kf8Y>BD>@WR:>@ABfF<H:}D fFTRh>@W:HZ]A\ABD6hR?R<=>JZ[G:H?kfFY;>@D>BWR:}hR:=>B:HAB_Z]TRfFTL>D tN
Mi4{[:bVGBWR fFDY]Y%G`fFDSnSY[QFfF:Z]T>@hRWRD:>@:HWRZ[nS::HhRTLQ8:HA`fFZ[Y[Q8?Rf8:>BZ]\RDSTABDFIRZ]TY]:=hR_ :~>X<HfFDSZ[Y_Z[\RTY[:=>>@:=DVY[KhZ]_::HTR_G`?RZ]DSGTR>G}fFI(Y]G`: D^ DSjkA`:aTRh h:>@fFWRY[:Z]TRn:HZ[nS:HZ[TL>BQFWi:H<=>BWR>BDS:aABGnF:HD TR^ :=A@fFYN
(hRZ]_> :HTZ]Y[GBYZ]DFI(Tk:fFQSY
:=<HA`fFKGB:8Z[N_a\(DSA>XfFTL>TRD!.>BDhRZ]G>@Z]TnS?RZ]G`Wb>@W:<fFG`:HGWR:=T0f8Y]Y(ABD6DF>@Gf8AB:hRZ[G`>BZ]TR<~>fFTRh#WR:=T

GB6DFi _a
6~:
~DS`AFfF~Y]NYMD ^ :E>@GBWWk:HfF_Y[Yhf8AB::fFY_?RZ[>BY>@WbZ[\RhRY]:=:nSAB:HD6TRDF:=>BA@GHfFN <~K# TZ[Tb>@GBWR:=:<=>BY]Z]f8DS>BT >B:HAN[<HfFN7GB:EDF:=ABTR::G@:fK6fFGG`GB>@?RWk_f)>:E>@>BWRWk:f8> :=fFZ]nSY]Yk:=TL:=QFZ]nSf8:=Y]T?RQ8:=fFGY[?RfFAB:H:G
fFA`:hZ]G`>BZ]TR<~>oRZ2N:8Nd>@Wkf)>>@WR:~KfFAB:
)(6i
6~
~`F~N
DFA>BWR:a>D8hZ]_:HTRG`Z]DSTkf8Y<HfFGB::bnSDmIkfF<X>BDV>@WR:aGBZ[_?RY[>@fFTR:=DS?RG:H?kf8>BZ]DSTRG#2SSfFTh 2FLDSA
>@Dg>@W:a:=6?Z[Q8fFY]:=TL>t:=?kf8>@Z[DSTRGa2" S~o;WR:=AB::TR^ D! fFG`GB?R_:>BWkf8H> 5Z[Gt^ fgTRD!T:=Z]nS:=TQ8fFY[?R:FN W?RGHo
GB?IRG`>BZ[>@? >@Z]Tn>BWR:jkABG>E:=Z]nS:=TLQFf8Y]?R:8o 54XoR:jkTRh DSA >BWR:}<HDS_\DFTR:HTL>@GJD >@WR:}:=Z]nS:=TQF:H<~>@DSA
 <5
} )
)
} <

WR:=AB:}:WkfQS:Z]TRhZ]<f)>@:HhgILK#>BWR:}GB?R\(:HA`GB<HA`Z]\>BGJ>BDWRZ]<XW:HZ[nS:HTLQ8fFY]?:>@WRZ[GJ^ :=Z]nS:=TLQS:H<~>@DSAI(:HY[DSTRnSG=N
fFGtM>BD:gI(<f8:T :~ GB\:=::=^ <=>B>BWk:Hhf8>^ A`>@DSW_ :0Y]>@f8W>B:>B:HhAZ]:HGB<=?R?kGBf)G`>@Z]Z]DS^DFTiT D hR^ :~>B>@WR:=AB:_nSZ]:HTRDF:=_aGa:~DS>@TABZ[Y[<KfFY>BWR_a::HBfFFTRZ] TnD D ^ >@>@WW:0:<=:=DSZ]_anS:=\(TLDSQSTR:H<~:=>@TLDS>@A`GHGN nS ZQSWR:=Z]T G
Z]TGB:=<=>BZ]DST,< N/Z]nNHI~N >Z[G>@WR:=AB: DSAB:?RGB?RfFY7>@DhR:=jkT:>BWR:a:=Z]nS:=TLQS:H<~>@DSA`GG`?R<XWi>BWkf8>}>@WR:~KfFAB:
us()R2 L w x o^Z N :FN >BWkf8>J>@WR:=Z]ATRDSA`_ ^ Z]G:H?kfFY>@DDSTR:8N W) Z]GZ[GhRDSTR:tIKgjkA`G`>fFGBG`Z]nSTRZ[TRnafFTmfFA`IRZ[>BA@fFAK
Q8^ DSfFA`Y]_?:>@DDST:D >@WR:<=DS_\DST:HTL>@G=o DSA Z[TRG`>@fFTR<H:E>@DGB:~^> } '}fFTRh#>@DA`Z[>B:>@WR::=Z]nS:=TLQS:H<~>@DSAZ[T#>@WR:
)
}
7 54- < B F
WR:=ABH: Z[GfTDSAB_afFY]Z[f8>BZ]DST ^ fF<=>BDSA WRZ[<XW0Z[GhR:=>B:HAB_Z]T:HhgILK>@WR:}<HDFTRhRZ[>BZ]DST
}  H } ) , } ) %
u} Z} 
U Z]_Z]Y]fFABYK#:nS:~>>@WR:GB:=<HDSThi:=Z]nS:=TQF:H<~>@DSAILKGB?RIG`>@Z>@?>BZ]TRn 5k}Z]T (N04 SfFThi\RA`D <=:H:=hRZ]TRnfFG
I(: ^ DSA`:FN
;Ru ,w { z Z[QF:HT>BWR:E:=AB_Z[>BZfFTi_bf8>BABZY V
r <Er :# f8T>>@DmjkTRhZ>@Gt:HZ]nF:HTLQ8fFY]?R:=GfFTh
:HZ[nS:HTLQF:H<=>BDSABG=N
WR:<XWkfFABfF<=>B:HABZ[G`>BZ]<:H?kf)>@Z]DFT0Z[G
hR:~>)+ k<5%  <W 5 <W<E5  5 < E8 r
WR:=TR<HZ: 54s r  SN WR:}A@f8>BZ]DSGD ^ >BWR:}<HDS_\DFTR:HTL>@GD ^ >@W::=Z]nS:=TLQS:H<~>@DSA`Gf8AB:}nSZ[QF:HTgILK
}. 5|}4
fFTRhg:tnS:~> ^ DSA >@W::=Z]nS:=TLQS:H<~>@DSA`G
)
}
/ } $ t <E U


fFTRh0fF\R\Y[K6Z]TRn>BWR:}TRDSAB_afFY[Z]f)>@Z]DFTa<=DSTRhRZ>@Z]DFT#:nS:=>
) )
} }
  < / 
^
^
<HfFDFTRThmQF:HTR:Z[:HG`TR:H<=::t>BWkf8:}>GB>BWkWRfF:Y[Y4\_aWkfFfFFGB::DA`:JfFA`Y:Hf8_aTRfFhgZ]TR\GJDS?RG`Z[TR>BZ[hQS:=:8>@o:=Z2ABN_:8NdZ]TR:=:}h4NEGB:~Mi>:7<HfF T^ <X'WR D6DS6GBN:U Z[Z]>_fFZ]ABY]IRfFABZ>@YKABfFABZ[:}Y[KSjRoTRf8hTRh >@WkDSf8>A
t   N W?RGjkTkfFY[Y[Ka:}WkfQS:}>@W:TDSAB_afFY]Z[H:=h:HZ]nF:HTLQS:=<=>@DFABGJD
} $
)
}
/
<EV


4{z6  >Z]GZ]TL>B:HAB:=G`>BZ]TRn>@DTRD8>@:>@Wkf)>>@WR:>Da:=Z]nS:=TQF:H<~>@DSA`GfFA`:b)~; 0k&
6)(F oWRZ[<XW0_:f8TRG>@Wkf8>
) $
} }
} ) } $ ,} ) } $ 8 r
WRZ[GJZ[Gf\RfFA`>BZ]<H?YfFA<fFG`:tD ^ fnS:HT:HA@f8Y;\RABDS\(:HA>KgD ^ :HZ]nF:HTLQS:=<=>@DFABGH

6~
hFX~)@H >~~])
F
abF %~@~k ~
6~ h)F XtF@); 0k&
6)(F '
D\RABD!QF:i>@WZ]Gg) Y] :~>g?RG0h$:H TRDF>B:i>D :=Z]nS:=TQ8fFY[?R:HGgD ^ I K 5
gf8TRh 5kmf8TRh.>BWR:<HDSA`AB:HG`\DFTRhRZ]Tn

:HZ[nS:HTLQF:H<=>BDSABGEILK } f8TRh } N W:HT0:WkfQS:}>@WR:>DaZ[hR:HTL>@Z>@Z[:HG


} ) 54L } )
7
fFTRh
} $ 5` } $
7
D ^ fFF5:oRW>BWR:HTR:<=J: :HAB_Z[>BZfFT<HDFT)`?RnLf8>B:D ^ >BWR:Y]f8>B>B:HAJ:H?kf8>BZ]DST
o
?RG`:>@WR:E:=AB_Z[>@Z[<HZ>KD ^ f8TRhV>@W:AB:HfFY]Z>K
$
$
} . 5`}
\(AB:=DSGBG`?R>BY_>?RY[:>BZ]\RnSY:=K> >@WRZ[G :H?kf8>BZ]DSTILK } ) oR\RAB:=_?RY>@Z]\Y[K>@WR::=?kf8>@Z[DST ^ DSA 5
ILK } $ f8TRhGB?RI >@A@f8<=>N Gf
r754n<@5kL} $ } )
fFTRhGBZ[TR<H:}ILKfFG`GB?R_\>@Z[DST 54n <@5kZ  r:}WkfQS:}>@WR:}A`:HGB?Y[>>@Wkf)e> } $ } ) 8 rN
^4DS{Y[z(Y]D!z Z]TR nT Z[TL>@:HA`:HG>@Z]Tn#<HDSTGB:H?R:=TR<H:aD ^ >@W:DSA`>BWRDSTRDSA`_bf8Y]Z[>K#D ^ >@WR:TDSAB_afFY]Z[H:=hV:HZ[nS:HTLQF:H<=>BDSABG}Z[G>@WR:
#iX)~2k~a F2 \a- 0k!!X) 6F@m3 0k
)F )B ~
6~ hFX~)@i$ #m; 0k
{~2FFG \; 0k~m3 06]F#]}6kF a'
9:~>J?RGhR:HTRD8>@:>@WR:}_af8>@A`Zo<=DSTRG>@AB?<=>@:=h ^ A`DS_ >@W::=Z]nS:=TLQS:H<~>@DSA`GED ^ tokIK {okZ N :FN
} )) } $$ H }  
} } H}
{
,
) H$ H H
}
}
H }
L

WRZ[<XW <fFT I(:0A`Z[>B>B:HT fFY[GBDiZ]Tfi_aDSA`:V<=DS_a\RfF<=> ^ DSAB_ fFGbf\kfFA>@Z[>BZ]DST:Hh _af8>BABZo \RfFA`>BZ[>@Z[DSTR:=h Z]T


<HDFY]?R_TRGHo:fF<XW0<HDSY[?R_aTA`:H\RA`:HG`:HTL>@:=hIKb>@WR:}<HDFABAB:=GB\(DSTRhRZ[TRnQS:=<=>@ DFAH
{ } ) } $ H
} 
,
^ :_?RY[>BZ]\RYK { ILKZ[>@G%J:HA`_aZ>@Zf8T<HDSTy`?RnLf8>B:fFTRh?RGB:>BWR:DSA`>BWRDSTRDSA`_bf8Y]Z[>K}D ^ >BWR::HZ[nS:HTLQS:=<=>BDSABG=o

:tnS:~>
} } $) 
r r rr 

) } $ H}  H H
{ {
}
,

} 
r r
WRZ[<X^ WV_:E:\RfFA`TR:HG_>B?WkY[f8>@Z[
> \R{Y[K { Z]GfILK?RTRtZ>XofF>BAWRK#:HTa_a:=f8QF>@:HA`A`ZK<=DSDSAJY]?RfF_TgTDSZ]AG%>@WR_DF?RnSYDS>@TkZ[\RfFY]Y
Z[:H_bhf8IL>BKABZ#>@WZ :J^ <=Z>DSABZ]A`G:HA`G`:\fFDSYT~NhRZ]TRnt:HZ[nS:HTLQ8fFY]?:F

RB L ,, } )) } $$ }  5
s } )) 5k } $$ Hq 5R+ } 
g{ H H } } } H 5
s } 5k } HHq 5R+ } H
S) S 'SH } ) } $ }  5
s } ) 5k } $ Hq 5R+ } 
,4L
fFTRWRhgDSG`Z:t> <hf8ZfFTnSIDFTk:fFG`Y
:H:=:=TY]:=_a>BWk:=f8T> >BGJfF:ABnS::=>@>W>@:WR:=:Z]nSGBfF:=_TLQF:f8Y]AB?R:=:=GBGH?R Y>Z ^ :\DFG`>@_?RY[>BZ]\RY-K { IKa>@WR:hRZfFnFDSTkfFY(_bf)>@ABZN o
} )) } $$ H }   54 r H r 5
s } )) 5k } $$ Hq 5R+ }  
} } H } Hr 5k HH r 5
s } 5k } Hq 5R+ }
{
} ) } H $ HH }  r r H 5k 5
s } ) 5k } $ HHq 5R+ } H 
7 arL
fFTRhg:t<=DSTR<HY[?RhR:>@WRf8>

{ Y {
7 y
DSA=okI:=<fF?RG`:tD ^ >BWR:}?RTRZ[>@fFABZ>KbD ^ {

{ Y {
7 SS
(FWR Z[ G!F\RAB D6)<Hk:=N hR?RWRAB:}:}D _b^ f8<H>BfFABABZA K {Z[TRnZ]GDS?<HfF>Y]>@Y[:HWRh#:>@>BWA@fF:bTRFG ^DS( AB
6_a)(f8F>BZ]]DS~Ta D
^ F>@2DS>@WN :hRZfFnFDSTkfFY ^ DSAB_ Z]G<fFY[Y]:HhF(
6U w

_a\(DSA`>@fFTL>fFI(DS?>>BWR:hRZ]fFnSDSTkf8Y]Z]Hf8>@Z[DSTZ]G>BWkf8-> WkfFG>@W:G@fF_::HZ[nS:HTLQ8fFY]?:HGfFGtN WZ]G<f8T


I(:VNGB :=:HT SZ[_aN _:HWhR?RZ]G#f8>@>@:=WY[Ki:mIL:~K \RA`:HA`GBZ[G`>BZ]Z]DSTRTnGAhRDD!Q"T >@W4_:V4[R<XWk *fFABfF<=f8>BTR:HhA`Z]G`>BZ]< L:HQ?kf8 >BZ]DST U Q"D ^ (4>fFTRh<=DS4_ U\k fFAB fFZ[TRABn:0?RGBZ[:=>@hW
Z] TL>B:HAB<XWRfFTRnLfFI Y[KSN
4{z : ;w mL2x=w x {
N[y6N[yA Z[TRh>@WR:}:=Z]nS:=TQ8fFY[?R:HGJfFThg>BWR:}TRDSA`_bfFY[Z]=:Hh:HZ[nS:HTLQF:H<=>BDSABGJD ^ >@WR:}GK __:=>@A`Z]<_af8>@A`Z
. < < fFTRhgQS:=ABZ ^ Kb>@Wkf8>>BWR:}:HZ[nS:HTLQS:=<=>BDSABGEfFAB:}DSA>@WRDFnSDSTkfFY2N
~~%Y
( rY E N
N[y6NSA Z[TRh>@WR:}:=Z]nS:=TQ8fFY[?R:HGJfFThg>BWR:}TRDSA`_bfFY[Z]=:Hh:HZ[nS:HTLQF:H<=>BDSABGJD ^ >@WR:}GK __:=>@A`Z]<_af8>@A`Z
. F fFTRhgQS:HA`Z ^ K#>BWkf8>>BWR:}:HZ]nF:HTLQS:=<=>@DFABGf8AB:DSA>@WRDSnFDSTkfFY2N
~~ o
<LSF o  LSS N
S

N[y6NPLAZ[TRh>@WR:}:=Z]nS:=TQ8fFY[?R:HGJfFThg>BWR:}TRDSA`_bfFY[Z]=:Hh:HZ[nS:HTLQF:H<=>BDSABGJD ^ >@WR:J:HAB_Z[>BZfFTb_bf8>BABZ
. E< f8TRhQF:HA`Z ^ K#>BWkf8>>@W::=Z]nS:=TLQS:H<~>@DSA`Gf8AB:}DSA`>BWRDSnSDFTkfFY N

9
~~%Y
XE F

N[y6NA Z[TRh>@WR:}:=Z]nS:=TQ8fFY[?R:HGJfFThg>BWR:}TRDSA`_bfFY[Z]=:Hh:HZ[nS:HTLQF:H<=>BDSABGJD ^ >@WR:J:HAB_Z[>BZfFTb_bf8>BABZ


. E< <=LDSG`GoZ]TY L<HGBDFZ[GoTY f8TRhQS:=ABZ ^ K>@WRf8>>@W:#:HZ[nS:HTLQS:=<=>BDSABGfFA`:#DSA`>BWRDSnSDFTkfFY N0MA`Z[>@:ahRD!T

>B<=WRDS:}ABA`?R:H<=TR>EZ[>@hRfFZ]A`fFKbnSDShRTkZf8f8nSY]Z]DSG`Tk:HhfFY[Z]^ G`DFZ]ABTR_ nt_bD ^ f8t>BABN Zxf8TRhQS:HA`Z ^ KILKg:\Y]Z]<=Z[>_?RY[>BZ]\RY[Z]<f)>@Z]DFT>BWkf8>JZ[> nSZ[QF:HG>@WR:


~~7<HDFo
G 7 GBZ]
T } . <J N
N[y6NSgU WDy>@Wkf8> g}
5 V} Z ^ 5VZ]GfFTg:=Z]nS:=TQ8fFY[?R:D ^ fFTRh m} Z]G >BWR:}<HDSA`AB:=GB\(DSTRhRZ[TRn:HZ]nF:HTLQS:=<=>@DFAHN
N[y6N gU WDy >BWkf8> }
5 } Z ^ 5bZ]GfFT:HZ]nF:HTLQ8fFY]?R:JD ^ fFTh } Z[G%>BWR:J<HDSA`AB:HG`\DFTRhRZ]Tn:HZ[nS:HTLQF:H<=>BDSAHN
N[y6N gU WDy >BWkf8> J ,L } J 7 5L } oWR:=AB: J }Z[Gtfg\(DSY[K6TRDS_Zf8YD ^ oZ ^ 5Z[GfFT:=Z]nS:=TQ8fFY[?R:D ^
fFTh V} Z]G >@W:<=DSABA`:HG`\DSThRZ]TRn:HZ[nS:HTLQF:H<=>BDSAHN
N[y6N gU WDy >@Wkf8> ~ WkfFG7>@W:EGBfF_a::=Z]nS:=TQ8fFY[?R:HGfFThb:HZ[nS:HTLQF:H<=>BDSABGfFG Z ^ .Z[G%fGK __:=>@A`Z]<_af8>@A`ZN
N[y6lN LgU WDy >BWkf8> WkfFG>BWR:GBfF_a:E:HZ[nS:HTLQ8fFY]?:HG f8TRh:HZ[nS:HTLQS:=<=>BDSABGf8G Z ^ Z[G fJ:HAB_Z[>BZfFT_af8>@A`ZN
4{z : ^ >@|W:t:HnS<X:=WkTRf8:HA@ABfFf8<~>@>@:}:HA`:=Z]Z]GnS>@:=Z]<}TQ8:=fF6Y[?R?Rf8:H>@G=Z[N DSTVWkf8GEf_?RY>@Z]\Y]:A`D DF>Ho>@W:HT0>BWkf8>E:HZ[nS:HTLQ8fFY]?:Z[GG@fFZ[hg>BDbI(:a6i
6~| w
~`F ~>0N Z[ G^ >@fFWRY[:}f_K ?GY[>@\(Z[DS\RGBY]Z[G`<HZ]IRZ>Y[K:D >B^ D>BWRjR:}TRhABD6DF >_Z]G ?(>@oR?R>@fFWRY]Y:=K TDS>BAWR>@:}WRDF:HnSZ]nFDS:HTkTLfFQ8YfFY]:=?RZ]nS::=Z[TLGQS<:HfF<~Y[>@Y]DS:=A`]h G0L>B D ^ DSY[fhhR :H^ nSDF:=Y]hTR:HhRABf8:H>@nF:8:HN TR:=A@f8>B:

:HZ[nS:H9TL:~Q8>JfFY[?R?RG:FN Z]Y]Y[?RG`>BA@f8>B:E>BWRZ]GG>Xf8>B:H_:HTL>Z[>@W0fGBZ[_a\RY[::~fF_\RY[:FNlDSTRG`Z]hR:=A>@WR:}G`K6__a:~>@A`Z]<_af8>@A`Z
r <K
. r r
< r <
WR:<XWkfFABfF<=>B:HABZ[G`>BZ]<:H?kf)>@Z]DFT0D ^ Z]G
hR:=>y? <@57 <i 5/<F 7 56, S7 r
^
hRfFTR:=nShi:HTRWR:=:HA@Tf8<H>B:a:FN>BWRU :?RIR:HGZ]nF>@Z:H>@TL?Q8>BfFZ]TRY]?Rn:=G>@WfF:AB: h:H54nS:=TR :HAB5kf8>@: :HZ[nS:HTLf8Q8TRfFOh Y]?5k:Z]TL >@D<>@6Wo:Z2:=N:8Z]nSNa:=>@TLWQF:af8Y]:=?RZ]:nS:=:=T6Q8?RfFf8Y[>@?RZ[/:DST5 :nS:=Z]> Gty DSY]h
<Y}4T < + } r
r } r
< + }4- <+ } r
WR:}jkABG>EfFTRhYfFG>D ^ >BWR:HG`:}:H?kf8>BZ]DSTRGJfFA`:}Z]hR:=T>BZ]<HfFY;fFTRhgnSZQS:
}4% < + }
F

WR:=AB:f8G>@WR:G`:H<=DSTRh:H?kf)>@Z]DFTfFhR_Z[>BGfFTLKQ8fFY]?R:D ^ }!N D#nF:=>>BWR:t>D#QS:=<=>@DFABG>@WRf8>:TR:=:Hhm:


<Zf8T0U \R:=
>A`D }<=:H:= hVrY]Z[FfF:TR7h>BWR}Z]G= 'SokWR:HT<H:
} ) r 
r
Z[ZG`:=
> }'f8TR3h }8 roWR:HTR<=:
} $ <r 

WR:=AB::JWkfQS:EfFY]A`:fFh KZ]T<HY]?hR:Hh>@W:Ef8\R\RABDF\RABZ]f8>@: TDSAB_afFY]Z[f8>BZ]DST ^ fF<=>BDSAHN >%<fFTI:A`:fFhRZ[Y[Kt<XWR:H<X8:Hh
>@WRf8>>@WRWR::\R>AB:=GBD:HTLQF>:H<=:~>BDSfFAB_GEfF\RA`Y]:: DFA`fF>@G%WGBDSDnSDSGBTkZ[_af8Y \N Y]:>BWkf8>%:J<=DS?RY[hG`:H:hRZ[AB:H<~>@YKWRD! >BD}nS:=>7>BWR:>DDSA`>BWRDSnSDFTkfFY
:HZ[nS:H TLQF:H<=>BDSABG=NO?>>@WRZ[G _bfKbTRDF>JfFY fK6^ GI:>BWR:<fFG`:FNED!:=QF:HAHo:<HfFTfFY[fK6GJ<=DSTRG>@AB?<=>JTRDSA`^ _bfFY
>@Z]=WR:Hf8h#>J:=GBZ]:=nS>J:=TLD QS^ :HTR<~DS>@TDSDSA`G A`>BWRWRDSnSZ]<XDSW#TRfFfFY
AB:EQS:=hR<=ZI>BDS:HABA`GJ:HTLZ]TL> >@DA`DSf_ GB:~:>fF<XD W^ DSDFA>B>@WRWR:HDFA=nSoRDSfFTkTfFhbY
>@DSWRTR:=:HTG=N fF\R\Y[Kaf\RA`D <=:HhR?RA`:>@D>@ABfFTRG DFAB_
ZGB :~D>Y}Z]Y[Y]?RG>@ABtf8>@fF:TRh3>BWR}Z]G 'Z>@tWW>@:HWTR:<=GB: fF_::fF_a\Y]:Fo :} <HDF?RY]h0fF Y]G`D\RABD6<H:=:Hh0Y]Z]8:>@WZ]GH
<

)
}
7FL


Z[ZG`:=
> }'f8TR3h } <SoRWR:=TR<H:


$
7 8
}

<
TRDFWR>J:=GBDS:A>@>WRDFD#nSDSQFTk:HfF<~Y2>@ DSA`} G})fF ~ AB:t} I$ DF>Bq W<TRLDS"A`_b N fFY[Z]=:Hh:HZ]nF:HTLQS:=<=>@DFABGD ^ Z>@Wm:=Z]nS:=TLQFf8Y]?R6: 5m oIR?>>BWR:=KVfFAB:

^ DSA`_>BWRZ]GGB:=>D ^ :HZ]nF:HTLQS:=<=>@DFABGZ]TL>@Dft_?>@?RfFY]YKaDFA`>@WDSnSDSTkf8YDST:FoRY[:=>?RG

D
`
G
H
:

:
R
W
!
D

:
H
<
F
f

T
@
>
@
A
8
f
R
T
G

^
jkA`G`>E:HG`>@fFIRY[Z]GBW>BWR: DSY]Y[DyZ[TRnR
F~
6~ hF
XB~F)X)$ #9 >H(F2 )$ #~
6~ hFX~)@3 k} 7; 0; 0kX)b)i~
6~ h)F  5]FP!bF
7ABD6D ^ %9;:=7> K L *X/ } Z[>BW0f8ABIRZ>@A@f8A`K#G`?R\(:HAB\(DSG`Z[>@Z[DSTg<HD6#: b<HZ[:HTL>@G *XoRWR:=TR<H:
M
. K L *X }  K L *X7 }  K L *X3 5P}  8 5^
x
M
M
M
Z N :F\N b Z]GZ]ThR:H:=h0:=Z]nS:=TQF:H^<~>@DSAJD ^ ^ 'Z>@Wg:HZ[nS:HTLQ8fFY[^?RG: 5N
W6?G>@WR:G`>BA@f8>B:HnFKD >BA@fFTG DS^ A`_aZ[TRnJ>BWR:G`:=>D TRDSTDSA`>BWRDSnSDSTRfF Y:HZ]nF:HTLQS:=<=>@DF^ ABG\}  o8S ;HH^ o

Y]Z[TRZ[>B:Wf8A:HZ[<HnSDF:H_TLQ8IRfFZ]TRY]?f8[: >@Z[DS5TRZ[GTLD>@D#^ >@f#WRx: G`:=} > D oR:HDSTRA`>BG`WR?RDSABZ[TRTRDSnA`_b>@WRf8f8Y> :=>@Z]WnS:=:=TK#QFI(:H<~:>@DSDSAA`>@;G WRDF nSDSTk<HfFDSY2TRN G`Z]G>@WRGZ[G D <fF_aTfFI(:}Z]TRfFnb<=<HfbDS_GB:=\RY]?RZ[:HGBWRTR:=<=h#:aZ]D T

>@W: ^ DFY]Y]D!Z[TRnf!K(GB:~>
)
)
|

(}
$ (} $ < o ) (} $  o )
|
4

>@W:HT ) fFTRh $ f8AB:}DSA`>BWRDSnSDFTkfFY


) $
) $ ) $ ) )
| o o (} -<| (} Ho | 78r
<XWkWRfF:=TABnS:Z]TRZ[Tn>@Z[WR>BG:TRYf8DFG`>@>%f8G`>@>BZ[DS:H\T~o6:J:Wkf<QSf8:JT?R<=G`DS:HTLha>@Z[>BT6WR?::TR>BDSWRA`Z]_bGfFZ>@Y[:HZ]HABf8f8>@>@Z[ZDSQST:DG`<X^ WR :H _) N:F ^ :JTRD!TRDSA`_bf8Y]Z]=:2 $ Z[>BWRDS?>
$
|
(} $ <  o $ (} $  o $ < o ) (} $  o )
H
) )
) )
o L
(} L <  | L (} L  o L < " <  o (} L ' |
WR:=AB:Z[>Z]G?TRhR:HA`G`>BD D6h>BWkf8>Z[T:HfF<XWVG>@:=\:tTDSAB_afFY]Z[H:J>@WR:}TR:~ QS:=<=>@DF3A  N
;w mLxHw  l fFABAKDS?>>BWR:}DSA`>BWRDSnSDFTkfFY]Z[f8>BZ]DSTaD ^ >BWR:}:HZ[nS:HTLQS:=<=>BDSABGi FS fFTRhii 8L~N
TG`:HAH
< 

)
)
o
(}


 <K 

$
$
)
$ )
o
(} <| ~ (} | < ' =< gy
<
<t

 <K  ' 

,  
<

<
DaTRDFAB_afFY]Z[GB: $ :jkTRhg>@W:G`?kfFAB:D ^ Z[>BGTRDSAB_
$
$

o ~ o ,'"S
WR:=TR<H:8o(Z>@WRDS? ><XWkfFTRnSZ[TRn>@WR:}TRD8>Xf8>BZ]DST4o6:nS:~>>@WR:}TRDSA`_bf8Y]Z]G`:Hh#QF:H<=>BDSYA $


$

<t
fFTRhZ[>A`:H_afFZ]TG>@DQS:=ABZ ^ Kb>@Wkf8
> ) fFTRh $ fFA`:DSA`>BWRDSnSDFTkfFY
$ < y  8 r
)
$
o ~ |
<
(r

uwR#x2C o,vkuws ox`w ov!s(ux


z;Y]{
Z[TR :fFAGBZ]_?RY[>@fFTR:HDF?RG:H?kf8>BZ]DSTZ>@W>{ Da?RTRTRD!TRG
}fFThx#Z[GD ^ >@WR: ^ DSA`_
$ }6, H H
7"S
LB$ }6, LH X
7
^
>@ WfF: <XWg^ DFDSAB_TR:ED D ^ >@WR:E>D:=?kf8>@Z[DSTRG A`:H\RA`:HG`:HTL>@GJftG>@ABfFZ]nSWL>Y]Z]TH :EZ[Ta>@W1: }oa\YfFTR:8Nut:=ABZ>@Z[TRn NJi"FZ]T
q
<  }[, 

:bGB:=:>BWkf8><EH8RZ]G>BWR:#~]NSkD ^ >@WR:^ Y[Z]TR:fFThHFZ[GZ[>BGk~@X`S(2oZ2N:8N>BWR:QFf8Y]?R:D ^ f8>


}
rWRN:U >Z]_DZ]Y]fFY[ABZ]TRYkK :=G<WkLfBQS F:0L:HEZ[>BWRZ]G :HA>@WDS:TG`:Y]DS\(\(DS:Z[TD >Y]Z[Z[T TR:<=DSi _ _a DSfFT
TRh0oZ X^ >BFWRL:=EKZ[<=GABZ[DS>@G`GGHZ[o TLDF>@:HAA`<H>BWR:=\:=K>N WRf!QF:VTRD\(DSZ]TL>Z]T

<HDF_a_^ DST4oZ ^ >BWR:=KmfFAB:\RfFA@fFY[Y]:=Y>BD#:f8<XWD8>@WR:=AHo


DFA>@WR:~KVWRf!QF:fFY]Y\(DSZ]TL>@GEZ]Tm<=DS__aDST
o
Z ^ >@WR:~K ^ fFY[YDFT
>@DF\0D D:Wkf8f<XQSWV:aDFDS>BTRWR:a:HA=fFN TRhDFTRY[KDFTR:\DSZ[TL>tZ[Ti<=DS__aDST
o>BWR:Y]Z[TR:HG}_?RG>WRf!QF:bhRZ
:=AB:=T>G`Y]DS\(:HG=N Ti>BWRZ]G

<f8GB:>BWR:G`Z]_?RY>XfFT:HDS?RGJ:H?kf)>@Z]DFTRGWkfQF:DSTR:fFTRhmDFTRY[KgDST:GBDFY]?>BZ]DST4oTkf8_a:=Y[K#>BWR:<=ABDSG`GBZ]Tn#\DFZ]TL>D ^
>@>@WW::=K Y[Z]^TRfF:=Y]GHY4N DF T0^ >@>@DFWR\V:G`D Y]^ DS\(:HfF:H<XGWmf8ABDF:>BWR:H:HAJ?kf8Z ^ Y o>@WR>BWR:=Z]:HAJTgZ]TL>@WR>@:=:ABY[<=Z]:HTR\:=>BGGfF<HABDF:Z]TR\R<=fFZ]A@hRfF:8Y[NY]:=YTVZ ^ >@>BWWR: :HZ[^ ADSA`Z]_aTL>@:=:=AEAB<=<H:HfF\GB>B:GE>@f8WRAB::GBhRZ[Z_
?R:=ABY>X:HfFTLTR>J:=fFDST?Rh G

:H\kfF?kZ[Af)>@D Z]^ DFTRQ8fFGY[Wk?R:HfGRQS:}}TRfFDTRGBh7DFbY]?>B>@Z]WRDSf8TR>JG=o G@f8Z[T#>BZ]G >@^ WRK#::HY]Z[f8>B>BWR>B:H:HAA DF<HTRfF:tGB:D >B^ WR:=:=6K#?RWkf8>@fZ[QSDS:TRGtZ]T ijk"TRFZ[>B:HDSYAtKbi_a fFTLN KbG`DS\Y]? AB>@:HZ]G`DFGBTRZ[TRGHnao Tk>BfFWR_:HG`:H:Y[Ka>BWRfFABTL:=K :

<f8GB:HGJZ]TgGK _IDSY[G:}WkfQS:8
,Z  FH  LB FL!
?RTRZ[6?:G`DSY]? >@Z]DFT
,Z[Z]Z]ZZ  FFLLBB FFLL!!  88RRH XX FFLL TRZ]TDjRTRGBDSZ[>BY[?:HY[>@KaZ[DS_aTfF:~TL KZ]G>@GBG DSY[?>@Z[DSTRG
^ \kfFA`>BZ]<=?RYfFAZ[T>B:HA`:HG`>Z]G>@WR:t<fFG`^ :D ^ >@WR^ :t:~ Z]G>@:HT<H:D ^ fb?RTRZ[6?:GBDFY]?>BZ]DST4NM:t<fFTmA`:=A`Z[>@:>@WR:
<HDFABAB:=GB\(DSTRhRZ[TRn<HDSTRhZ[>@Z[DSTZZ]T#>BWR: DSAB_ D
` <LB`6  r
fFTRh:RAB:=<HDSnSTZ] GB:E>@Wkf8>>@WR:Y2NW
N7GBZ]h:D ^ >@WZ]G :=6?Rf8>@Z[DSTZ]G>@WR:hR:~>@:=AB_Z]TkfFTL>D ^ >@WR:<=D : b<HZ]:=TL>_bf8>BABZ
. BL NM:<fFTg>@W:HAB: ^ DSAB:}ABZ>@:}>@WR:}<=DSTRhRZ>@Z]DFT ^ DFA>BWR::~ Z]G>@:HT<H:D ^ f?RTRZ]?R:GBDFY]?>BZ]DS T
fFY[GBDZ]T>@W: ^ DFAB_ D ^
hR:=>  r
7
WR::~ \RY[Z]<HZ> ^ DSA`_ D ^ >@WR:}GBDFY]?>BZ]DST4o6WRZ]<XW<f8T0I(: ^ DS?RTRh ^ DSAZ[TRG`>@fFTR<H:}ILKg:HY[Z]_Z]Tkf)>@Z]DFT4oLZ]GnSZQS:=T0ILK
 H      
7
}g
 XL 
 LB 
WR:=lAB: DSTR GBZ[hR.:HA`hRZ]:~TR>naGBZ[N _?RY[>@fFTR:=DS?RG:H?kf8>BZ]DSTGEZ[>BWV_DSAB:}>@WRfFTV>D#?RTRTRD!TRG=o4Z[>EZ]GJ<HDSTLQF:HTRZ[:HTL>>@DahR:~
TRDF>B:>BWR:H_ILKifgGBZ]TnSY]:Y]:~>B>B:HAZ[>BWfgGB?RIGB<HA`Z]\>HoT?R_I(:HA`Z]TRng>@W:a?RT6TDy^ TG ^ AB^DF_ >BD0oZ2N:8Na:
ABZ>@K: }4~! }!;=| }kN WR:Y]Z[TR:f8A GBZ[_?RY[>@fFTR:=DS?RG:H?kf)>@Z]DFTRG >XfF8:tDFTg>BWR: DSAB_ D
R$ }4 , * }- ,H( , ,U }k H
B$ }4 , L* }- ,H( , LU }k X
H H
7 aL
S8$ }4 , SH }T , ,SHU }k @
DSA=okZ]Tg_bf)>@ABZ#TDF>Xf8>BZ]DST
o
g}
7
rL
WR:=AB:
LB L L, 
}4} 
HX 
. H H g} fFTRh H
S8S SH
X
}k

ThZ]AB:=<=>nS:=TR:HABfFY]Z[f8>BZ]DS^ TD ^ >@^ WR:g<f8GB^ :gD ^ >D:H?kf)>@Z]DFTRG>@WR:g<=DSTRhRZ>@Z]DF^T ^ DSA>@W::~ Z]G>@:HT<H:D ^ f

?RTRZ[?R:tG`DSY]? >@Z]DFTZ]GfFnLf8Z]TD >@WR: DSA`_ D N7 ~oRfFTRh>@WR:}G`DSY]?>BZ]DSTZ>@G`:HY Z]GnFZ[QS:=T0ILK

}k;
y

WR:=AB9: h:=> fFTRh Z[G>BWR:hR:=>B:HAB_Z]TRfFTL>okDSI>@fFZ]T:Hh ^ ABDS_ hR:=>('ILKgAB:H\YfF<=Z]TRn>@W:t>@W<HDSY[?R_aT


ILK>@CEWRD!:}QFo(:H<=fF>BY[>BDSWRA DSy?RN nSW N} !nFZ[QS:=GEZ[T0\ABZ]T<HZ]\Y]:>@W:t<=DS_a\Y]:=>B:}GBDSY[?>@Z[DSTgD ^ >BWR:tY[Z]TR:HfFAGBZ[_?RY>XfFTR:=DS?RG

:Hz fF?k?Rf)GB>@G`Z]ZDFfFT4To:HZ]TY[Z]_\RA@Z]Tkf8<=f)>@>@Z[Z]<HDF:TiZ[_>Z]:=G}>BWR_aD DFh


ABN :<HDFDFTAQF>:HTRDZ[:HTLDS>A>@:=DgQF:H?RT GB:^ DS>@AW:>@WR:=A`Y]:HZ[_a:Z[?RTkTRf8>@Z[TRDSD!TV_TRG:=>B>@WRWRD6:gh4:=oY]fFZ]_Y]G`Z]DgTRf86>@TZ[DyDSTT_fF:=G>BWR>@D WRh :
<f8TI:fF\\RY]Z[:HhIKWkf8TRh4N ^ >BWR:HA`:bf8AB:_aDSA`:>@WkfFT>@WRA`:H:?RTRTRD!TRGDFTR:Z[Y]Y7?RG`?kfFY[Y[KA`:HGBDFA`>>@D0f
<HDF_a\R? >@:HA=N

You might also like