Function of the coxsackie and adenovirus receptor (CAR) in ...

145
HAL Id: tel-03664745 https://tel.archives-ouvertes.fr/tel-03664745 Submitted on 11 May 2022 HAL is a multi-disciplinary open access archive for the deposit and dissemination of sci- entific research documents, whether they are pub- lished or not. The documents may come from teaching and research institutions in France or abroad, or from public or private research centers. L’archive ouverte pluridisciplinaire HAL, est destinée au dépôt et à la diffusion de documents scientifiques de niveau recherche, publiés ou non, émanant des établissements d’enseignement et de recherche français ou étrangers, des laboratoires publics ou privés. Function of the coxsackie and adenovirus receptor (CAR) in adult neurogenesis Amani Wehbi To cite this version: Amani Wehbi. Function of the coxsackie and adenovirus receptor (CAR) in adult neurogenesis. Agri- cultural sciences. Université Montpellier, 2022. English. NNT : 2022MONTT005. tel-03664745

Transcript of Function of the coxsackie and adenovirus receptor (CAR) in ...

HAL Id: tel-03664745https://tel.archives-ouvertes.fr/tel-03664745

Submitted on 11 May 2022

HAL is a multi-disciplinary open accessarchive for the deposit and dissemination of sci-entific research documents, whether they are pub-lished or not. The documents may come fromteaching and research institutions in France orabroad, or from public or private research centers.

L’archive ouverte pluridisciplinaire HAL, estdestinée au dépôt et à la diffusion de documentsscientifiques de niveau recherche, publiés ou non,émanant des établissements d’enseignement et derecherche français ou étrangers, des laboratoirespublics ou privés.

Function of the coxsackie and adenovirus receptor(CAR) in adult neurogenesis

Amani Wehbi

To cite this version:Amani Wehbi. Function of the coxsackie and adenovirus receptor (CAR) in adult neurogenesis. Agri-cultural sciences. Université Montpellier, 2022. English. �NNT : 2022MONTT005�. �tel-03664745�

Devant le jury composé de

Nadine MESTRE-FRANCES, Professeur, Université de Montpellier Présidente du jury

Jannette RODRIGUEZ PALLARES, Professeur, Université de Santiago de Compostella

Mathieu WOLFF, Directeur de recherche, INCIA, Université de Bordeaux

Monique ESCLAPEZ, Directeur de recherche, INS, Université Aix-Marseille

Eric KREMER, Directeur de recherche, IGMM, Montpellier

Iria GONZALEZ DOPESO REYES, IGMM, Montpellier

Rapportrice

Rapporteur

Examinatrice

Directeur de thèse

Co-encadrante de thèse

Présentée par Amani WEHBI

Le 21-02-2022

Sous la direction de Eric KREMER

THÈSE POUR OBTENIR LE GRADE DE DOCTEUR

DE L’UNIVERSITÉ DE MONTPELLIER

En Biologie Santé

!"#$%&'#"(#)*$%&+",%-"%.&/0,1,23%.&%(&4,#$#5,23%.&6#3)&$*&+*-(7&/4+8

UMR 5535 - Institut de génétique moléculaire de Montpellier (IGMM)

!"#$%&"#'()'*+$,-%,).'/"012$3&,',%'2(+#"4&.)1'

5/6*7'(2#1'82'#,)."9,#:1,'2()8%,'

! "!

!! !

! #!

!!

! !

Dedicated To my parents Nadia and Jaafar To my sister Maya and Brother Mohammad

And to my angles Naya, Jessica and Hadi !

! $!

!

! %!

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

!

&'()*+,-!.!/01*! *2!*3014!*35!67(,!85895()!:2(!0;;5<*'1=!*2!5>0+70*5!8,!/2(4-!0)!/5++!0)!8,!

*35)')!;288'**55!:2(!*35'(!0?>';5)!?7('1=!*35)5!,50()@!

.!/01*!0+)2!*2!*3014!8,!A2))!B(';!C(585(@!.*!30)!9551!01!3212(!*2!95!,27(!D3@E@!)*7?51*-!01?!

)2((,!.!;27+?1F*!8045!,27!(';3!01?!:0827)-!97*!,27!0(5!*35!=(50*5)*!5G08<+5!2:!0!92))!01?!,27!

/'++! 0+/0,)! 95! 8,! '?2+@! .! 0<<(5;'0*5! 0++! ,27(! *'85-! '?50)-! 01?! :71?'1=! *2! 8045! 8,! D3@E@!

5G<5('51;5!<(2?7;*'>5@!

!H3014)!:2(!0++!*35!85895()!2:!BCI!J0('10-!A5(*(01?!01?!0!)<5;'0+!*3014)!:2(!.('0-!:2(!,27(!

*'85!)32/'1=!85!0++!*35!*5;31'K75)!01?!5G<+010*'21-!.!412/!*30*!,27!0+/0,)!/01*5?!*35!<5(:5;*!

<5()21!2:!85-!(50++,!'*!/0)!0!=22?!5G<5('51;5!*2!/2(4!/'*3!0!+2>5(!2:!);'51;5)!+'45!,27@!

L;M015-!.!)30(5?!/'*3!,27!*35!)085!2::';5!:2(!%!,50()-!,27!30?!0!9'=!<0(*!2:!8,!627(15,-!:22?!

<0(*15(-!;(0N,!82851*)!01?!+21=!?');7))'21)-!,27!/5(5!0!=(50*!:('51?!01?!,27!;01!)'=1!12/!

,27(!OE.!*2!455<!27(!:('51?)3'<!:2(5>5(@!!

&0*'80*!P&045!Q'30110R-!*3014!,27!:2(!*35!;(0N,!+07=3*5()!01?!:711,!*'85-!*3(27=327*!*32)5!

,50()!,27!/5(5!)30('1=!0++!,27(!5G<5('51;5!'1!+':5-!)*2('5)!01?!:04'1=!)*7::!*2=5*35(-!,27!0(5!0!

/21?5(:7+!<5()21@!S0K75+'15!)7;3!0!=(50*!<5()21!/'*3!0!=(50*!<5()210+'*,-!T+'10-!.!412/!*30*!,27!

0(5!/0'*'1=!:2(!85!*2!+50>5!*2!*045!8,!<+0;5!97*!.!)*'++!+'45!,27@!!

&2(!*35!.UJJ-!8,!3285-!/35(5!.!)30(5?!*35!95)*!82851*)!/'*3!8,!:08'+,-!S511':5(-!I07(51*-!

D0*(';'0-! I07(0-! J,('08-! H3'5((,-! O+0'(5-! V2+45(-! 01?! 0++! *35! <5()21)! *30*! .! 85*-! ,27! 0(5!

080N'1=@!

W1!3212(09+5!851*'21!*2!B+)!01?!X5(='2@!B+)!Y2(4'1=!71?5(!,27(!)7<5(>')'21!?7('1=!8,!80)*5(!

#!/0)!215!2:!8,!95)*!5G<5('51;5)-!*3014!,27!:2(!*35!080N'1=!82851*)!/5!)<51*!*2=5*35(-!01?!

:2(!*35!&')3!*30*!,27!29+'=5?!85!*2!50*!215!?0,@!!

H35!:08'+,!*30*!.!97'+*!35(5-!Z5'109!O3(5':!*35!)*(21=5)*!='(+-!L+'>'0!V5(2>5!8,!)+55<'1=!<0(*15(-!

Q010!8,! ;3'+?322?!95)*! :('51?-! S01/0! *35! ;0(,!<5()21-![0))01!O30??0?! *35! 95)*! )32<<'1=!

<0(*15(-![0?'(!*35!9507*':7+!B=,<*'01!01?!<0)*0!<0(*15(-!J0,0!P09)271R-!H'8'*0!8,!)')*5(!01?!

95)*!<0(*15(!'1!;('85-!A0(227#0!85)3!80#927+!0?5!.!+2>5!,27!?0(((+'1=-!W?308!8,!(5:5(51;5!

01?!95)*!);'51*')*-!&09,,!*35!9507*':7+!;0+85)*!215-!S0;2710!*35!515(=5*';!<2)'*'>5!<5()21-!E(@!

U30N0+'!67)*!851*'21'1=!,27!')!5127=3!P)5(*!8*+0444R-![0))01!P60(5R-!X0(/0*!*35!:711'5)*!9(2451!

215-!O30(95+!01?!S210!8,!<0(*15()!'1!)824'1=-!E010!W4+!8,!'135('*2(@!H3014!,27!0++!:2(!95'1=!

/'*3!85!01?!51;27(0='1=!85@!H3014!,27!:2(!0++!*35!1';5!*'85!01?!*35!;(0N,!82851*)!/5!30?!

01?!*35!95)*!8582('5)!.!80?5!/'*3!0++!2:!,27@!!

! \!

H2!8,!&08'+,!J28-!E0?-!J0,0-!J230880?!01?!X085(-! *3014!,27!/27+?!12*!95!5127=3@!

]27(!)7<<2(*-!9+5))'1=)!01?!+2>5!+5*!85!)*01?!35(5-!01?!95!*35!<5()21!.!08!*2?0,-!.!/'++!0+/0,)!

95!=(0*5:7+!01?!8045!,27!<(27?!2:!85@!!

J2)*0:0,*555!.!?21F*!'80='15!0!+':5!/'*327*!,27(!+2>5!01?!)7<<2(*@!

!

Thanks all for your support.

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

! !

! ^!

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

!"! #$%&'()*+,-*&./0""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""01!

2"! )3/.0'40#556*73#.3'&/0""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""08!

1"! #5/.6#$.0""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""0!9!

:"! 6;/<-;0""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""0!!!

="! $*))0#+>*/3'&0-')*$<)*/0""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""0!2!

!"#"! $!"#$%&'()$*+)$+(*!,'-.#)-(%(/0!-%""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""%#!!!"#"#"! $%&'()*+(,,-./'-/'01('2+3-/'"""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""'#4!

?"! &*<6',*&*/3/0+<63&,056#3&0+*7*)'@-*&.0""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""0A!!

&"#"! '+.10)((.-!2(*(#'#%"""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""%)*!5"#"#"! 6-,0.+-738'*(+,*(70-9('.:'3;<80'/(<+.=(/(,-,'"""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""'>?!

&")"! '+.10)*(.-!2(*'%)*'%3(#)'*)03()-!+(*0#%""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""%)&!5">"#"! @1('ABC'""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""'>D!5">">"! @1('1-**.73E*<,'"""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""'>D!

&"+"! ,3$0)$44(%0#)$+.10)*(.-!2(*(#'#%"""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""%+)!

8"! &*<6'3&4)#--#.3'&0"""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""021!

-"#"! .'%-!21'$)$*+)'#0-!%50(%"""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""%+*!-")"! $$.#(#)!4)*(.-!'*41$66$0'!*%"""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""%+!!

B"! #3-/0#&+0'5C*$.37*/D0"""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""02B!

!9"! -#.*63#)/0#&+0-*.>'+/0"""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""01!!

#/"#"! $(11)%.10.-(%"""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""%0#!#/")"! $(11)4'"$0'!*%""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""%0)!#/"+"! '*'6$1#)$*+)("/(-'6(*0$1)+(#'2*%"""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""%0)!#/"0"! 1'##.()%!11(%0'!*)$*+)/-(/$-$0'!*%""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""%0+!#/"*"! 266.*!3'#0!%3(6'#0-5)$*+)'66.*!41.!-(#%(*%()'*)0'##.(%"""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""%0+!#/"!"! 266.*!41.!-(#%(*%()'*)%(11#%"""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""%00!#/"&"! ,(#0(-*)71!0%"""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""%0*!#/"-"! $324536$$#7)(+'0'*2%""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""%0!!#/"7"! 81!8)%50!6(0-5%"""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""%0&!#/"#/"! 9(')("0-$%0'!*)3(')("0-$%0'!*:)5$3)$*+)4(9.(*%'*2%"""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""%0-!#/"##"! $!.*0'*2%""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""%07!#/"#)"! 40$0'#0'%$1)$*$15#'#%""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""%07!

!!"! )'$#.3'&0'40.>*0$*))0#+>*/3'&0-')*$<)*0E$'F/#$%3*736</0#&+0#+*&'736</06*$*@.'6G03&0.>*0#+<).0-'</*056#3&0""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""0:!!

##"#"! 3(#.10#;%"""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""%*#!##"#"#"! $%&'()*+(,,-./'-/'01('0(8(/7(*138./F'"""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""'?#!##"#">"! $%&'()*+(,,-./'-/'01(';-(/7(*138./F'""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""'?>!##"#"G"! $%&'()*+(,,-./'-/'01('73<;38'+(=-./,'.:'01('$HAF'"""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""'?>!

##")"! 9'#%.##'!*;%""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""%*)!##">"#"! %+0-78('""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""'?G!

!A"! 6*/<)./03@/$D0"""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""0=B!

#)"#"! $'3)("/-(##'!*)'*)03()%(11#;%""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""%!7!#)")"! $'3)<=)'*)'54%%"""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""%&)!

#>">"#"! I$&'3/;',(J<(/7-/='""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""'55!#>">">"! K<+01(+'713+370(+-L30-./'.:'01('$%&'MN'78./(,'"""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""'54!#>">"G"! OK'+.,(00(,F'""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""'D>!#>">"P"! &.,(00('8<E(/,',-L('"""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""'DP!#>">"?"! HQ'73;1(+-/'()*+(,,-./'-/'+.,(00(,'""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""'DD!

! _!

#>">"!"! $./78<,-./F'""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""'4R!#)"+"! '++(*+.6)>)+!(#)$'3)<=)$44(%0)/-!1'4(-$0'!*?%"""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""%7/!

!2"! 6*/<)./0>4+D0""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""0BA!

#+"#"! $'3)@)9$A)9.$*0'4'%$0'!*;%""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""%7+!#+")"! B8'5)9.$*0'4'%$0'!*;%""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""%7&!

!1"! +3/$<//3'&0""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""0!9!!

!:"! @*6/@*$.37*/D0""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""0!98!

!="! $'&$)</3'&D0"""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""0!!A!

!?"! 4'&$.3'&0+<06*$*@.*<60$'F/#$%3*0*.0#+*&'736</0H$#6I0+#&/0)#0&*<6',*&*/*0#+<).*0""0!!1!

#&"#"! 2*0-!+.%0'!*%"""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""%##0!#&")"! 3(#.10$0#%"""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""%##-!#&"+"! $!*%1.#'!*%""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""%#)#!

!8"! 535)3',6#@>J0""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""0!A2!

!

!

! !

! `!

1"!23/.0'40#556*738.3'&/00

! !

W?!! W?512>'(7)!

WE! W+N35'85(!?')50)5!!

WXO)! W?7+*!X*58!O5++)!!

AEa&! A(0'1!E5('>5?!a57(2*(2<3';!&0;*2(!!!

AJD! A215!J2(<32=515*';!D(2*5'1!

A(?b! \c9(282c#dc?52G,7('?'15!

OWJ! O5++!0?35)'21!82+5;7+5!

OWQ! O2G)0;4'5!01?!0?512>'(7)!(5;5<*2(!

OVA! A!;2G)0;4'5>'(7)5)!

OaX! O51*(0+!a5(>27)!X,)*58!

OW! O2(17!W8821')!

EU!! E51*0*5!=,(7)!!

EOe! E279+5;2(*'1!

BA! B89(,2'?!92?,!

BO! B1*2(3'10+!;2(*5G!

BOE! BG*(0;5++7+0(!?280'1!

BOJ! BG*(0;5++7+0(!80*('G!

BXO)! B89(,21';!X*58!O5++)!

UOI! U(017+0(!;5++!+0,5(!

U&WD! U+'0+!&'9('++0(,!W;'?';!D(2*5'1!

[&E! ['=3!:0*!?'5*!

[JU! ['=3c829'+'*,!=(27<!

.OE! .1*(0;5++7+0(!?280'1!

'DXO! .1?7;5?!D+7('<2*51*!O5++)!

.=X&! .88712=+297+'1!)7<5(:08'+,!

IDX! I'<2<2+,)0;;30('?5!

IHD! I21=c*5(8!<2*51*'0*'21!

aOWJ! a57(210+!O5++!W?35)'21!J2+5;7+5!

a57a! a57(210+!a7;+50(!W1*'=51!

aDO)! a57(0+!D(5;7()2(!O5++)!

! f!

aXO)! a57(0+!X*58!O5++)!

LA! L+:0;*2(,!97+9!

DE! D0(4'1)21!?')50)5!!

DXWcaOWJ! D2+,)'0+0*5?!&2(8!2:!a57(210+!O5++!W?35)'21!J2+5;7+5!

QUI)! Q0?'0+!U+'0cI'45!O5++)!

QJX! Q2)*(0+!8'=(0*2(,!)*(508!

XO! X*58!;5++!

XUZ! X79cU(017+0(!Z215!

XI7! X*(0*78!+7;'?78!

XVZ! X79cV51*(';7+0(!Z215!

XQ]! )5G!?5*5(8'1'1=!(5='21!]!92G5)!

Ha&!g! H782(!a5;(2*';!&0;*2(!

ZLc"! Z217+0!2;;+7?51)c"!

! !

! !

! !

!!

!!!!!!!!!!!!!!!!!!!!!!!

! "h!

9"!#5/.68$.0

H35!;2G)0;4'5!01?!0?512>'(7)!(5;5<*2(!POWQR!')!0!;5++!0?35)'21!82+5;7+5!POWJR!/'?5+,!

5G<(5))5?!'1!?'::5(51*!2(=01)@!.1!8,!*35)')-!.!:2;7)5?!21!*35!5G<(5))'21!2:!OWQ!'1!*35!?51*0*5!

=,(7)!2:!*35!3'<<2;08<7)-!0!9(0'1!)*(7;*7(5!5))51*'0+!:2(!8582(,!01?!822?!;21*(2+!01?!30)!0!

8062(!(2+5!'1!+50(1'1=!01?!:2(=5**'1=@!.1!(2?51*)!01?!37801)-!15/!157(21)!0(5!;21*'1727)+,!

=515(0*5?!'1!*35!EU-!'1!0!<(2;5))!;0++5?!0?7+*!157(2=515)')@!H35!5G<(5))'21!2:!OWQ!')!)*(21=!

?7('1=! ?5>5+2<851*! 01?! 15210*0+! )*0=5)! )7==5)*'1=! 0! (2+5! ?7('1=! ?5>5+2<851*-! 97*! ')! 0+)2!

<(5)51*!'1!*35!0?7+*!9(0'1@!C12/'1=!/35(5!OWQ!')!5G<(5))5?!'1!*35!9(0'1!')!01!5))51*'0+!)*5<!*2!

95!09+5!*2!412/!/30*!OWQ!')!?2'1=!'1!*35!9(0'1!01?!32/!'*!80,!0::5;*!157(2=515)')-!;2=1'*'21!

01?!9530>'2(!01?!/30*!')!*35!(2+5!<+0,5?!9,!OWQ!?7('1=!157(2=515)')!?')50)5)@!Y5!:271?!*30*!

OWQ!2;;0)'210++,!;2+2;0+'N5!/'*3!U&WD-!*3')!/0)!(5)*(';*5?!*2!0(50)!*30*!0(5!0))2;'0*5?!/'*3!

0?7+*!157(2=515)')@!H351-!/5!7)5?!01!!"#$!%&'!82?5+!/35(5!/5!412;4c27*!OWQ-!7)'1=!OQ.XDQ!

;0)f-!'1!(2)5**5)!*30*!8'8';)!50(+,!157(0+!*795!:2(80*'21!*2!71?5()*01?!*35!(2+5!2:!OWQ!?7('1=!

50(+,!157(2=515)')@!H35!+7851!)'N5!2:!(2)5**5)!/'*3!OWQ!CL!?5;(50)5?!;28<0(5?!/'*3!YH!

(2)5**5)@! X5;21?-! /5! 5G<+2(5?! *35! ?'(5;*! 01?! '1?'(5;*! :71;*'21! 2:! OWQ! ?7('1=! 0?7+*!

157(2=515)')!'1!350+*3,!01?!'1:+0880*2(,!51>'(21851*)@!b)'1=!01!!"#$!$'!82?5+-!/5!)*7?'5?!

*35!5G<(5))'21!2:!OWQ!01?!157(2=515)')!80(45()!'1!*35!?51*0*5!=,(7)!2:!8';5!;30++51=5?!/'*3!

3'=3!:0*!?'5*@!H35!+5>5+!2:!OWQ!?5;(50)5?!?75!*2!01!'1:+0880*2(,!51>'(21851*!/'*3!12!;301=5)!

'1!*35!5G<(5))'21!2:!U&WD!01?!EOe-!;28<0(5?!*2!YH@!L7(!?0*0!)7==5)*!*30*!OWQ!+2))!0::5;*)!

*35!?'::5(51*'0*'21-!<(2+':5(0*'21!2(!)7(>'>0+!2:!;5++)!!"#$!%&'!01?!!"#$!$'@!

!

!

!

!

!

!

!

!

!

! ""!

!

:"!;</=-<0

I5!(M;5<*57(!?5)!;2G)0;4'5)!5*!?5)!0?M12>'(7)!POWQR!5)*!715!82+M;7+5!?d0?3M)'21!;5++7+0'(5!

POWJR!+0(=5851*!5G<('8M5!?01)!?'::M(51*)!2(=015)@!E01)!80!*3i)5-!65!85!)7')!;21;51*(M5!)7(!

+d5G<(5))'21!?7!OWQ!?01)!+5!=,(7)!?51*M!?5!+d3'<<2;08<5-!715!)*(7;*7(5!;M(M9(0+5!5))51*'5++5!

<27(!+0!8M82'(5!5*!+5!;21*(j+5!?5!+d37857(!5*!K7'!6275!71!(j+5!80657(!?01)!+d0<<(51*'))0=5!5*!

+d279+'@!O35N!+5)!(21=57()!5*!+5)!3780'1)-!?5!127>507G!157(215)!)21*!;21*'175++5851*!=M1M(M)!

?01)! +5! EU-! ?01)! 71! <(2;5))7)! 0<<5+M! 157(2=51i)5! 0?7+*5@! Id5G<(5))'21! ?5! OWQ! 5)*! :2(*5!

<51?01*! +5! ?M>5+2<<5851*! 5*! +5)! )*0?5)! 1M210*07G-! ;5! K7'! )7==i(5! 71! (j+5! <51?01*! +5!

?M>5+2<<5851*-!80')!5++5!5)*!M=0+5851*!<(M)51*5!?01)!+5!;5(>507!0?7+*5@!X0>2'(!2k!OWQ!5)*!

5G<('8M!?01)!+5!;5(>507!5)*!715!M*0<5!5))51*'5++5!<27(!<27>2'(!)0>2'(!;5!K75!OWQ!:0'*!?01)!+5!

;5(>507!5*!;28851*!'+!<57*!0::5;*5(!+0!157(2=51i)5-!+0!;2=1'*'21!5*!+5!;28<2(*5851*!5*!K75+!5)*!

+5!(j+5!627M!<0(!OWQ!<51?01*!+5)!80+0?'5)!?5!+0!157(2=51i)5@!a27)!0>21)!;21)*0*M!K75!OWQ!)5!

;2+2;0+')5! 2;;0)'2115++5851*! 0>5;! +0! U&WD-! 80')! ;5+0! )5! +'8'*5! 07G! N215)! 0))2;'M5)! l! +0!

157(2=51i)5! 0?7+*5@! B1)7'*5-! 127)! 0>21)! 7*'+')M! 71!82?i+5! '1! >'*(2! ?01)! +5K75+! 127)! 0>21)!

M+'8'1M!OWQ!?01)!+5)!(2)5**5)!K7'!'8'*51*!+0!:2(80*'21!<(M;2;5!?7!*795!157(0+!<27(!;28<(51?(5!

+5!(j+5!?5!OWQ!<51?01*!+0!157(2=51i)5!<(M;2;5@!I0!*0'++5!?5!+0!+78'i(5!?5)!(2)5**5)!0>5;!OWQ!

CL!0!?'8'17M!<0(!(0<<2(*!07G!(2)5**5)!YH@!B1)7'*5-!127)!0>21)!5G<+2(M!+0!:21;*'21!?'(5;*5!5*!

'1?'(5;*5! ?5! OWQ! <51?01*! +0! 157(2=51i)5! 0?7+*5! ?01)! ?5)! 51>'(2115851*)! )0'1)! 5*!

'1:+0880*2'(5)@!m!+d0'?5!?d71!82?i+5!'1!>'>2-!127)!0>21)!M*7?'M!+d5G<(5))'21!?5!OWQ!5*!?5)!

80(K757()! ?5! +0! 157(2=51i)5! ?01)! +5! =,(7)! ?51*M! ?5! )27(')! )278')5)! l! 71! (M='85! (';35! 51!

=(0'))5)@! I5! 1'>507! ?5! OWQ! 0! ?'8'17M! 51! (0')21! ?d71! 51>'(2115851*! '1:+0880*2'(5-! )01)!

;301=5851*!?01)!+d5G<(5))'21!?5!U&WD!5*!EOe-!<0(!(0<<2(*!l!YH@!a2)!?211M5)!)7==i(51*!K75!

+0!<5(*5!?5!OWQ!0::5;*5!+0!?'::M(51;'0*'21-!+0!<(2+':M(0*'21!27!+0!)7(>'5!?5)!;5++7+5)!'1!>'*(2!5*!'1!

>'>2@!

&

&

&

&

&

&

&

&

&

! "#!

&

&!

!

!

!

!

!

!

!

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

!

!"#$%&'()*(+,%'-./0%1-,((

!

! "$!

!!!!H35!;2G)0;4'5!01?!0?512>'(7)!(5;5<*2(!POWQR!')!0!;5++!0?35)'21!82+5;7+5!POWJR!/'?5+,!

5G<(5))!'1!?'::5(51*!2(=01)@!W+*327=3!'*!/0)!:'()*!?5);('95?!01?!1085?!0)!0!>'(0+!(5;5<*2(-!P801,!

0?512>'(7)5)!01?!37801!=(27<!A!;2G)0;4'5>'(7)5)!01?!<2))'9+,!2*35(!>'(7)5)!7)5!'*!*2!51*5(!*35!

;5++)R!"#! '*! ')! 0! 87+*':71;*'210+! ;5++7+0(! <(2*5'1-! '1>2+>5?! '1! ;5++! 0?35)'21-! '88715! ;5++!

0;*'>0*'21-! ),10<*';! *(01)8'))'21-! ;5++!8'=(0*'21! 01?! )'=10+'1=! $"!!@! OWQ! :71;*'21)! 0(5! 95)*!

;30(0;*5('N5?!'1!5<'*35+'0+!;5++)!/35(5!')!80'1+,!<(5)51*!'1!*35!*'=3*!671;*'21)!!%-!97*!'*!')!0+)2!

<(5)51*!'1!*35!350(*-!<01;(50)!01?!9(0'1!!&"!'@!Y5!;51*5(5?!27(!)*7?,!'1!*35!5G<(5))'21!2:!OWQ!

'1!*35!9(0'1n!'*)!5G<(5))'21!')!)*(21=!?7('1=!?5>5+2<851*!01?!15210*0+!)*0=5)!!'"!#!)7==5)*'1=!0!

(2+5!?7('1=!?5>5+2<851*-!97*!')!0+)2!<(5)51*!'1!*35!0?7+*!9(0'1!!$@!W+*327=3!'*!30)!9551!)7==5)*5?!

0!(2+5!:2(!OWQ!?7('1=!9(0'1!?5>5+2<851*!01?!9(0'1!<+0)*';'*,-!*35(5!0(5!12*!801,!)*7?'5)!/35(5!

'*)!;5++7+0(!01?!)79;5++7+0(!+2;0*'21!01?!:71;*'21!0(5!/5++!;30(0;*5('N5?!'1!*35!'1'*'0+!)*0=5)!2:!

157(0+!?5>5+2<851*@!D(5>'27)! (5)7+*)! '1! *35!C(585(! +09!30>5!)32/1! *30*!OWQ!')!5G<(5))! '1!

)<5;':';!(5='21)!2:!*35!0?7+*!9(0'1!'1>2+>5?!'1!157(2=515)')-!)7;3!0)!*35!?51*0*5!=,(7)n!*32)5!

)*7?'5)!0+)2!)32/5?!5>'?51;5!*30*!*3')!(5;5<*2(!5G<(5))'21!;01!95!0::5;*5?!9,!0!<(2'1:+0880*2(,!

51>'(21851*!(-!/'*3!*35!<2))'9+5!'8<+';0*'21)!:2(!*35!0?7+*!157(2=515)')@!!

!! E7('1=!8,! *35)')-! .! )*7?'5?! *35! '1>2+>5851*! 2:! OWQ! ?7('1=! 50(+,! 157(2?5>5+2<851*0+!

)*0=5)!7)'1=!01!!"#$!%&'!82?5+!'1!/3';3!.!/0)!09+5!*2!412;4c?2/1!*35!5G<(5))'21!2:!OWQ!*2!

30>5! 0! 95**5(! 71?5()*01?'1=! 2:! '*)! (2+5! ?7('1=! 50(+,! 157(2?5>5+2<851*@! .! 0+)2! )*7?'5?! *35!

5G<(5))'21! 2:! OWQ! '1! *35! 0?7+*! 9(0'1-! /'*3! )<5;'0+! :2;7)! '1! *35! ?51*0*5! =,(7)! ?75! *2! *35!

'8<+';0*'21)! :2(! 0?7+*! 157(2=515)')-! 01?! 32/! ?'::5(51*! <(2'1:+0880*2(,! 51>'(21851*)! ;01!

0::5;*!*35!5G<(5))'21!2:!OWQ!'1!*32)5!0(50)@!!

>"!0?*))08+@*/3'&0-')*$=)*/0

O5++!0?35)'21!82+5;7+5)!POWJ)R!0(5!;5++!)7(:0;5!<(2*5'1)!;('*';0+!:2(!;5++!(5;2=1'*'21!01?!*2!

80'1*0'1!*'))75!)*(7;*7(5-!9,!9'1?'1=!;5++)!*2!2*35(!;5++)!2(!*2!*35!5G*(0;5++7+0(!80*('G@!H35,!

30>5! 9551! ?5);('95?! '1! ?'::5(51*! *'))75)-! '1;+7?'1=! *35! 9(0'1! %)!/35(5! *35,! 0(5! '1>2+>5?! '1!

)30<'1=!*35!157(210+!15*/2(4!?7('1=!?5>5+2<851*!01?!'1!;2=1'*'>5!:71;*'21)!01?!8582(,!'1!

*35! 0?7+*! %!*%%@! OWJ)! <+0,! (2+5)! '1! 157(210+!8'=(0*'21-! 0G21c=7'?01;5-! ),10<)5! :2(80*'21-!

(5=7+0*'21!2:! ),10<*';! *(01)8'))'21!01?!<+0)*';'*,! !'"!#-! )*09+')3'1=! '1*5(0;*'21)!95*/551! *35!

157(21)! 01?! *35! 5G*(0;5++7+0(! 80*('G-! =+'0! 01?! 2*35(! 157(21)! %&@! a57(210+! ?')2(?5()-!

(5<(2?7;*'>5!?')2(?5()-!;01;5(!01?!>0('27)!?5>5+2<851*0+!0912(80+'*'5)!'1!37801)!0(5!;07)5?!

9,!*35!+2))!2:!32852)*0)')!?75!*2!?')(7<*'21!01?!<5(*7(90*'21!2:!OWJ)!%+@!!

! "%!

OWJ)!0(5!?'>'?5?! '1*2! :27(! :08'+'5)!o! '88712=+297+'1!)7<5(:08'+,-!;0?35('1)-! '1*5=('1)-!

01?! )5+5;*'1)! ()!*+&,# -.! %)@! H35,! ;01!85?'0*5! 3282<3'+';! P0!OWJ! '1! 215! ;5++! 9'1?)! *2! 01!

'?51*';0+!OWJ!'1!01!0?60;51*! ;5++R!2(!35*5(2<3'+';! P0!OWJ!'1!215!;5++!9'1?)! *2!0!?'::5(51*!

<(2*5'1!'1!*35!0?60;51*!;5++R!'1*5(0;*'21)@!H3(55!?280'1)!;30(0;*5('N5!OWJ)-!*35!5G*(0;5++7+0(!

?280'1!PBOER!*30*!'1*5(0;*)!5'*35(!/'*3!5G*(0;5++7+0(!80*('G!2(!2*35(!OWJ-!*35!*(01)8589(015!

?280'1!PHJR!01?!*35!'1*(0;5++7+0(!?280'1!P.OER!%(@!O5++c;5++!671;*'21)!'1!*35!15(>27)!),)*58)!

;21*0'1!0!>0('5*,!2:!*(01)8589(015!<(2*5'1)-!;,*2)45+5*0+!5+5851*)!01?!)'=10+'1=!;28<+5G5)!

)'8'+0(!*2!*32)5!?5);('95?!'1!5<'*35+'0+!;5++)!%'@H35!'1*5(0;*'21)!2:!+'=01?)!/'*3!*35!BOE!*('==5()!

*35! 0;*'>0*'21! 2:! '1*(0;5++7+0(! ;0);0?5)! ;21*(2++'1=! 157(210+! ;21*0;*)-! *35! ;,*2)45+5*21!

?,108';)!01?!;5++!82(<32+2=,! (5)7+*'1=! '1!;301=5)! '1!;28<2)'*'21!01?!157(210+! )*(7;*7(5@!

O7((51*+,-!?0*0! '1?';0*5! *30*!OWJ)!82?7+0*5! *35!<(2*5'1!),1*35)')!80;3'15(,-! *(01);('<*'21!

01?!*(01)+0*'21!%&@!

X5+5;*'1)!0(5!;0+;'78c?5<51?51*!OWJ)!*30*!(5=7+0*5!*35!0**(0;*'21!2:!'88715!;5++)!*2!*35!

)'*5! 2:! '1:+0880*'21@! .1! *35! 9(0'1-! *35,! 0(5! '1>2+>5?! '1! *35! *5*35('1=! 01?! (2++'1=! 2:! *35!

+5742;,*5)! 0;(2))! *35! 9+22?! 9(0'1! 90(('5(! PAAAR! '1! 157(2+2=';0+! ?')50)5)! %,! 01?! <5('<35(0+!

'1:+0880*'21!%#@!

.1*5=('1)!0(5!/'?5+,!5G<(5))!'1!*35!15(>27)!),)*58!/35(5!*35,!85?'0*5!5G*(0;5++7+0(!80*('Gc

;5++!01?!;5++c;5++!'1*5(0;*'21)@!H35,!0(5!;0+;'78c?5<51?51*!01?!<+0,!01!'8<2(*01*!(2+5!'1!*35!

*'))75! 0(;3'*5;*7(5! 51=0='1=! 5G*(0;5++7+0(! 80*('G! <(2*5'1)! 01?! ;27<+'1=! *358! *2! *35!

;,*2)45+5*21!01?! '1*(0;5++7+0(! )'=10+'1=@!E7('1=!9(0'1!?5>5+2<851*-! '1*5=('1)!<+0,!0! (2+5! '1!

157(210+!8'=(0*'21-!;5++!=(2/*3-!0G210+!=7'?01;5-!:2(80*'21!01?!80'1*5101;5!2:!),10<)5)-!01?!

),10<*';!<+0)*';'*,!%$@! .1*5=('1)!0(5!0+)2!'1>2+>5?!>0('27)!<3,)'2+2=';0+!;21?'*'21)!01?!9(0'1!

?')2(?5()!)7;3!0)!W+N35'85(F)!?')50)5-!5<'+5<),!01?!157(2<),;3'0*(';!?')2(?5()!&)*&!@!

ac;0?35('1)! 0(5! ;0+;'78c?5<51?51*!OWJ)! *30*! <+0,! (2+5)! ?7('1=! 157(0+! ;(5)*! :2(80*'21-!

157(2=515)')-!157(210+!8'=(0*'21-!),10<*2=515)')!01?!<+0)*';'*,!&%@!ac;0?35('1)!0+)2! '8<0;*!

*35! *(01)'*'21! :(28! ),885*(';! <(2+':5(0*'>5! ?'>')'21! *2! 0),885*(';! 157(2=51';! ?'>')'21! 2:!

aDO)! &&@!H35!;0?35('1! '1*(0;5++7+0(!?280'1! '1*5(0;*)!/'*3! ;0*51'1)! :2(8'1=!0! ;28<+5G! *30*!

'1*5(0;*!/'*3!*35!'1*(0;5++7+0(!;,*2)45+5*21!&)*&!@!

!

"\

"#$%&'!()!*+,-&!"+.#/#'0!-1!2'//!+34'0#-5!.-/'2%/'0!2+34'&#506!#..%5-$/-7%/#5!89$:!;<*06!0'/'2=#50!+53!#5='$&#50>!;+34'&#5!

8$&''5:!+!2+/2#%.!3'?'53'5=!4-.-=@?#2!7#53#5$!=-!+3,+2'5=!2'//>!9$;<*0!8/#$4=!7&-A5:!24+&+2='&#B'3!7@!=4'#&!'C=&+2'//%/+&!9$D

/#E'!3-.+#50>!F'/'2=#50!8-&+5$':!=4'@!+&'!0#5$/'D24+#5!=&+50.'.7&+5'!$/@2-?&-='#50>!95='$&#50!87/%':!+&'!4'='&-3#.'&0!A#=4!

GD +53!HD0%7%5#=0!=4+=!7#53!=-!'C=&+2'//%/+&!.-/'2%/'0!">

H35!+0)*!=(27<!')!*35!'88712=+297+'1!)7<5(:08'+,!P.=X&R-!/3';3!0(5!;0+;'78c '1?5<51?51*!

OWJ)! *30*! 85?'0*5! ;5++c;5++! 01?! ;5++c5G*(0;5++7+0(! 80*('G@! .=X& 0(5! ;30(0;*5('N5?! 9,! *35!

<(5)51;5!2:!215!2(!)5>5(0+!'88712=+297+'1!P.=Rc+'45!?280'1)!'1!*35!BOE %)-!*30*!;01!85?'0*5!

35*5(2<3'+';! 2(! 3282<3'+';! '1*5(0;*'21)@! .=X&! 0(5! '1>2+>5?! '1! 157(210+ 8'=(0*'21-! 0G21!

=7'?01;5!01?!),10<*2=515)')@!.1!*35!0?7+*!15(>27)!),)*58-!*35,!0(5!'1>2+>5?!'1!80'1*5101;5!

2:!*35!),10<)')!01?!157(210+!<+0)*';'*,&(*&'@

H35! .=X&)! '1;+7?5! >0);7+0(! 01?! 157(0+! ;5++! 0?35)'21)! 82+5;7+5)! PVOWJ 01? aOWJR-!

'1*5(;5++7+0(!0?35)'21!82+5;7+5)!P.OWJR-!*35 15;*'1) 01?!15;*'1c+'45!Pa5;+R!<(2*5'1)!01?!*35!

OHe!)79=(27<@!OHe P;2(*';0+!*3,82;,*5!80(45(!'1 e512<7)R!/0)!2('='10++,!?');2>5(5?!0)!0!

?5>5+2<851*0++,!(5=7+0*5?!*,<5c.!)'1=+5!<0))!*(01)8589(015!<(2*5'1!)<5;':';0++,!5G<(5))5?!9,!

0!+0(=5!:(0;*'21!2:!;2(*';0+!*3,82;,*5)!'1 e512<7)!+05>')!&,@!W)!0!*,<5!.!*(01)8589(015!<(2*5'1-!

*35,! 30>5! 01! .OE-! 0! *(01)8589(015! (5='21! 01?! 01!BOE@!H35!BOE! ;21*0'1)! 0!ac*5(8'10+!

>0('09+5!PVc*,<5R!01?!0!8589(015!<(2G'80+!;21)*01*!PO#c*,<5R!.=!?280'1-!92*3!)5<0(0*5?!9,!

0! S! )5=851*! &#@! X'1;5! OHe /0)! *35! :'()*! 85895(! '?51*':'5?! '*! 30)! 9551! (5=0(?5?! 0)! *35!

<(2*2*,<5! 2:! *35! <(2*5'1)! 95+21='1=! *2! *3')! )79=(27<! 2:! <(2*5'1)! *30*! '1;+7?5)! OHe-! W$$!

01*'=51-!671;*'210+!82+5;7+5)!PSWJR!0c;!01?!*35!;2G)0;4'5!01?!0?512>'(7)!(5;5<*2(!POWQR!01?!

OWQc(5+0*5?!<(2*5'1) &$@

! "^!

9:;:!&/#<.*"=,%&*->&*>%-#?,)3.&)%"%6(#)&&&

OWQ!/0)!'1'*'0++,!'?51*':'5?!0)!*35!(5;5<*2(!:2(!=(27<!A!;2G)0;4'5>'(7)5)!01?!0?512>'(7)5)!

2:!*35!=(27<)!W-!O-!E-!B!01?!&!!*%*+*+)"++@!b)'1=!:+72(5);51*!!"#/!%+!3,9('?'N0*'21!010+,)')!P&.X[R-!!

OWQ!=515!POeWEQR!/0)!'1'*'0++,!80<<5?!*2!;3(282)285!#"K""@#!+(-!97*!0:*5(!)5K751;'1=!

*35!+21=!0(8!2:!;3(282)285!#"-!*35!+2;0*'21!2:!OeWEQ!/0)!;2((5;*5?!*2!#"K#"@"!+'@!OeWEQ!

')!;28<2)5?!2:!`!5G21)-!0+*327=3! '1'*'0++,! '*!/0)!?5);('95?!0)!0!)5>51!5G21)!=515+,@! .1! *35!

827)5-!0123&!=515!')!+2;0*5?!'1!*35!;3(282)285!"^!01?!0+)2!;28<(')5)!`!5G21)!+#@!H35!'1'*'0+!

^!49!<(5c8QaW!')!<(2;5))!<(2?7;'1=!0!#@%!49!*(01);('<*!'1!37801)!01?!0!"@%!49!*(01);('<*!'1!

827)5-!92*3!;21*0'1'1=!2<51!(50?'1=!:(085)!2:!)'8'+0(!)'N5@!H35!37801!*(01);('<*!<(5)51*)!01!

0??'*'210+!$F!71*(01)+0*5?!(5='21!2:!"@#!49!%@!

A2*3-!37801!01?!827)5!=515-!<(2?7;5!')2:2(8)!=515(0*5?!9,!0+*5(10*'>5!)<+';'1=!!*+(*+,"()@!

.1! 37801)-! \! ')2:2(8)! 30>5! 9551! ?5);('95?-! ?5)'=10*5?! OWQc! X.V! P3OWQ"R-! OWQcHVV!

P3OWQ#R-! 3OWQ%p_-! 3OWQ$p_! 01?! 3OWQ#p_@! L1+,! OWQcX.V! 01?! OWQcHVV! 30>5! 0!

*(01)8589(015!?280'1-!*35!2*35(!*3(55!0(5!)2+79+5!')2:2(8)!+$"(%@!W+*327=3!OWQcX.V!P5G21)!

.cV..9R!01?!OWQcHVV!P5G21)!.cV...!/'*3!0+*5(10*'>5!)<+';'1=!95*/551!5G21!V..0!01?!V..9R!

?'::5(! 21+,! '1! *35! Oc*5(8'10+! <2(*'21! *35,! )32/5?! 0! ?'::5(51*'0+! *'))75! 5G<(5))'21! (&-! 01?!

?'::5(51*'0+! +2;0+'N0*'21! '1! *35! 0'(/0,! 5<'*35+'0+! ;5++)-! /35(5! OWQcX.V! ')! <(5)51*! '1! *35!

90)2+0*5(0+!8589(015!/3'+5!OWQcHVV!')!<(5)51*!'1!*35!0<';0+!8589(015!()!*+&,#4.!+,*(+@!H35!

)2+79+5!')2:2(8)!0(5!=515(0*5?!9,!0+*5(10*'>5!)<+';'1=!95*/551!5G21)!.V!01?!V..!P3OWQ%p_R-!

5G21)! ...! 01?! V..! P3OWQ$p_R! /01?! 5G21)! ..cV..! P3OWQ#p_R@! H35(5! ')! 0+)2! 012*35(!

*(01)8589(015! ')2:2(8! P! 3OWQ%p^R! ?5);('95?! '1! ;5(>';0+! ;0(;'12=515)')! 01?!=515(0*5?!9,!

0+*5(10*'>5!)<+';'1=!95*/551!5G21!.V!01?!V.-!+0;4'1=!5G21!V-!97*!(5*0'15?!5G21!V.!((@!

.1!*35!827)5!*35(5!0(5!*3(55!*(01)8589(015!')2:2(8)!?'::5('1=!'1!*35!.OEo!8OWQ"!P5G21)!

.cV...R-!8OWQ#!P5G21)!.cV..9R!01?!8OWQ$!P5G21)!.cV..;R!()!*+&,4.!(+*('@!OWQ!2(*32+2=75)!

30>5! 9551! :271?! '1! ;3';451)! 01?! :')3! PN59(0:')3R! )32/'1=! 0! 3'=3+,! ;21)5(>5?! 08'12! 0;'?!

)5K751;5!(!*(,"'!@!!Z59(0:')3!OWQ!)32/5?!\#q!08'12!0;'?!)'8'+0('*,!*2!3OWQ!01?!<+0,)!0!(2+5!

0)! 0! ;2G)04'5! A! >'(7)! 01?! 37801! 0?512>'(7)! 0**0;3851*! 82+5;7+5! /351! 5G<(5))5?! '1!

*(01):5;*5?!;5++)@!!

.1!37801)!01?!8';5!5G21)!.!*2!V!;2?':,!:2(!*35!BOE-!5G21!^!*35!HJ!01?!5G21)!V..!*2!V...!

*35!.OE!'%*'&@!H35!80'1!*(01)8589(015!')2:2(8)!'1!37801!01?!827)5!0(5!3OWQ"!01?!8OWQ#-!

(5)<5;*'>5+,-!01?!*35'(!;EaW)!51;2?5!0!$^\c08'12!0;'?!<(2*5'1-!/'*3!0!)'=10+!<5<*'?5!2:!"f!

08'12! 0;'?)! 0*! *35!ac*5(8'10+-! *30*! <(2?7;5)! 0!80*7(5! <(2*5'1!/'*3! 0! <(5?';*5?!82+5;7+0(!

"_

/5'=3*!2:!$`!4E0!()!*+&,#4.5 97*!8'=(0*5)!0*!%^!4E0!21!XEX!<2+,0;(,+08'?5!=5+)-!?75!*2!ac

+'145?!=+,;01)!!@!.*!;01!95!?'>'?5?!'1*2!*3(55!?280'1)o!*35!BOE!2:!#"`!08'12!0;'?!;21*0'1)!*/2!

.=c+'45! ?280'1)@! E"-! *35! ?')*0+! ?280'1-! ')! 0! Vc+'45! .=c+'45! ?280'1! 01?!E#! *35!8589(015!

<(2G'80+!?280'1!')!0!O#c+'45!.=c+'45!?280'1 +%@!E"!01?!E#!0(5!:2++2/5?!9,!0!*(01)8589(015!

35+';0+! ?280'1! 2:! #"! 08'12! 0;'?)! :2++2/5?! 9,! "h_! 08'12! 0;'?)! '1*(0;5++7+0(! ?280'1! .OE!

()!*+&,#4. +%*'+@

"#$%&'! I)! ;<J! $'5'! +53! ?&-='#50! #0-1-&.>! 8+:! KC-5! .+?! -1! ;L<MJ &'/+=#N'! =-! ?&-='#5! 3-.+#50>! 87:! O&-='#5! #0-1-&.0)!

P&+50.'.7&+5'!#0-1-&.06!0'2&'='3!#0-1-&.0!+53!+/='&5+=#N'!5+.'0!1-&!'+24!#0-1-&.>!82:!F24'.+=#2!&'?&'0'5=+=#-5!-1!;<J!+53!

4%.+5!;L<MJ!$'5'>!M(6!=4'!3#0=+/!3-.+#56!#0!+!QD/#E'!9$D/#E'!3-.+#56!+53!MI!=4'!.'.7&+5'!?&-C#.+/!3-.+#5!#0!+!;ID/#E'!9$D

/#E'!3-.+#5>!M(!+53!MI!+&'!1-//-A'3!7@!+!=&+50.'.7&+5'!4'/#2+/!3-.+#5!1-//-A'3!7@!#5=&+2'//%/+&!3-.+#5!9;M!A#=4!=4'!;!

='&.#5+/>!;L<MJ!'C-5!.+?#!$#%>

H35!;(,)*0+!)*(7;*7(5!2:!OWQ!)32/5?!*30*!*35!BOE!:2(8)!bc)30<5!3282?'85()!*3(27=3!*35!

9'1?'1=! 2:! *35'(!ac*5(8'10+! ?280'1)! (58'1');51*! *2! SWJcW!3282?'85()@! H35!E"! (5)'?75)!

'1>2+>5!'1!*35!3282?'85('N0*'21!0(5!3'=3+,!;21)5(>5?!*3(27=3!5>2+7*'21-!)2!')!*35!<2*51*'0+!*2!

?'85('N0*'21-! '1?';0*'1=! '*)! <2))'9+5! '8<2(*01;5! 0*! 0! :71;*'210+! +5>5+! !!*+)*''"'#@!A'2;358';0+!

9'1?'1=! 01?! 0?35)'21! )*7?'5)! 30>5! )32/1! 01! '1*5(0;*'21! 95*/551! E"! 01?! E#! ?280'1)!

! "`!

)7==5)*'1=!*30*!92*3!?280'1)!0(5!'8<+';0*5?!'1!3282<3'+';!'1*5(0;*'21)!'#@!A7*!0)!/0)!?5);('95?!

95:2(5!:2(!2*35(!OWJ)-!OWQ!')!0+)2!09+5!*2!35*5(2?'85('N5!/'*3!5G*(0;5++7+0(!80*('G!<(2*5'1)o!

9'2;358';0+!0))0,)!30>5!)32/1!*30*!*35)5!'1*5(0;*'21)!0(5!85?'0*5?!9,!E#@!#6"#$!%&'!)*7?'5)!

30>5! )32/1! *30*!E#! '1*5(0;*)!/'*3!<(2*5'1)! +'45! :'9(215;*'1-! 0=('1! 2(! *510);'1cQ-! 01?!2*35(!

85895()! 2:! *35! .=cX&! +'45! SWJcI! 01?! SWJcO! !!*'#",)@! H35! )35??'1=! 2:! *35! BOE! ;01! 95!

85?'0*5?! 9,! gc)5;(5*0)5! 01?! 85*0++2<(2*50)5! "h,!! 2(! 9,! rc)'*5! 08,+2'?! <(5;7()2(! <(2*5'1c

;+50>'1=!51N,85!PAWOB"R!,%@!

H35!.OE!2:!OWQ!;21*0'1)!;+0))!.!DEZ!82*':!PDXEcf\pE');c+0(=5pZL"R!+2;0*5?!'1!*35!Oc

*5(8'17)!X.V!01?!HHV!'1!3OWQ"-!3OWQ#-!8OWQ"!01?!8OWQ#!+,*,&*,+-!0!<5<*'?5!(5;2=1'*'21!

:2(!*35!;+0*3('1c0?0<*2(!<(2*5'1!]asV!,(*,'-!01?!0!)2(*'1=!82*':!IXQJU!,(@!H35!<(5)51;5!2:!

;+0))! .! DEZ!82*':! 5109+5)! OWQ! *2! 9'1?! *2! ?'::5(51*! <(2*5'1)! )7;3! 0)! <2)*),10<*';! ?51)'*,!

<(2*5'1!f\!PDXEf\R-!N217+0!2;;+7?51)c"!<(2*5'1!PZLc"R-!87+*'cDEZ!?280'1!<(2*5'1c"!PJbDDc

"R-!+'=01?!2:ca789!<(2*5'1ce!PIae!01?!Iae#R-!<(2*5'1!'1*5(0;*'1=!/'*3!O!4'10)5!PD.OCc"R!

01?!8589(015! 0))2;'0*5?! =701,+0*5! 4'10)5!YY! 01?! DEZ! ;21*0'1'1=! "9! PJWUc"R! !%*'$*,&"

,(*,,*,#@!E'::5(51*!!"#$!%&'!)*7?'5)!30>5!)32/1!*30*!OWQ!+'45+,!'1*5(0;*)!>'0!'*)!Oc*5(8'10+!?280'1!

?'(5;*+,!/'*3!*797+'1!01?!/'*3!0;*'1-!/3';3!)7==5)*)!*30*!OWQ!<+0,)!0!(2+5!'1!*35!2(=01'N0*'21!

2:!*35!;,*2)45+5*21!?7('1=!=(2/*3!01?!8'=(0*'21!2:!*35!157(210+!;215!01?!*782(0+!;5++)! !!)@!

J2(52>5(-! OWQ! ;2+2;0+'N5)! /'*3! 2*35(! <(2*5'1)! '1>2+>5?! '1! *'=3*c671;*'21)! 2(! 0?35(51*)c

671;*'21)!)7;3!0)!2;;+7'?'1)-!;0?35('1)-!Ac;0*51'1!01?!;2115G'1!%$!!%*,$*#)-!0+*327=3!'*!')!12*!

;+50(!':!*35(5!')!0!?'(5;*!'1*5(0;*'21!95*/551!OWQ!01?!*32)5!<(2*5'1)-!)7==5)*'1=!*30*!OWQ!')!

<0(*! 2:! +0(=5(! <(2*5'1! ;28<+5G5)@! .1! 0??'*'21-! *35! .OE! 5G<5('51;5! <2)**(01)+0*'210+!

82?':';0*'21)-! <32)<32(,+0*'21-! <0+8'*2,+0*'21! 01?! 79'K7'*'12,+0*'21! #!*#%@! H35! .OE! ;01! 95!

;+50>5?!9,!0!tc)5;(5*0)5!;28<+5G-!(50;3'1=!*35!17;+57)-!)7==5)*'1=!*30*!OWQ!;27+?!95!'1>2+>5?!

'1!<0*3/0,)!'8<2(*01*!:2(!;5++7+0(!32852)*0)')!0*!*35!*(01);('<*'210+!+5>5+!,!*,%@!

OWQ! 0+)2! 85?'0*5)! '1*5(;5++7+0(! '1*5(0;*'21)! /'*3'1! *35! *'=3*c671;*'21)! '1! <2+0('N5?!

5<'*35+'0+!;5++)-!/35(5!'*)!(2+5!')!95)*!;30(0;*5('N5?!,(*#&*#+@!E'::5(51*!OWQ!')2:2(8)!0(5!:271?!'1!

*35!5<'*35+'0+!;5++)!'1!*35!?'=5)*'>5!),)*58!01?!(5)<'(0*2(,!*(0;*-!97*!0+)2!'1!*35!+'>5(-!<01;(50)-!

4'?15,-!*5)*')-!350(*-!5,5-!+,8<30*';!),)*58-!<5('<35(';!01?!;51*(0+!15(>27)!),)*58!'1!*35!0?7+*!

01?!?7('1=!?5>5+2<851*!#(*#'@!L1! *35!2*35(!301?-!OWQ!')!09)51*!2(!<(5)51*!0*! +2/!+5>5+)!21!

51?2*35+'0+! 2(! 85)51;3,80+! ;5++)-! )822*3! 87);+5-! 350+*3,! 0?7+*! )45+5*0+! 87);+5! 01?! 21!

+,8<32;,*5)!%*(#*#'@!

.1!;7+*7(5)!2:!<2+0('N5?!5<'*35+'0+!;5++)-!OWQ!')!<(5:5(51*'0++,!5G<(5))5?!0*!*35!90)2+0*5(0+!

)'?5!'1!*'=3*!671;*'21)!,(*#,-!0+*327=3!'1!37801!0'(/0,!5<'*35+'0+!;5++)!3OWQ"!+2;0+'N5)!*2!*35!

! "f!

0<';0+!8589(015!/3'+5!*35!3OWQ#!')!<(5)51*!'1!*35!90)2+0*5(0+!8589(015!+,@!6"#$!$'5!OWQ!')!

21!*35!0<';0+!)7(:0;5!2:!*35!<(2)*0*5!5<'*35+'78!##*#$@!H35!<(5)51;5!2:!OWQ!'1!801,!*'))75)!01?!

'1*5(0;*'1=!/'*3!?'::5(51*!<(2*5'1)!3'=3+'=3*)!*35!87+*':71;*'210+'*,!2:!OWQ!01?!'*)!(2+5!'1!*'))75!

0(;3'*5;*7(5@!

!"#"#"!$%&'()*+(,,-./'-/'01('2+3-/''

E7('1=!9(0'1!?5>5+2<851*-!0!>0('5*,!2:!OWJ)!<+0,!01! '8<2(*01*! (2+5! '1!0G21!=7'?01;5-!

:0);';7+0*'21-! 157('*5! 27*=(2/*3! 01?! ),10<*2=515)')! $)@! U(2/*3! ;215)! 5G<(5))! 8589(015!

(5;5<*2()!*30*!'1*5(0;*!/'*3!51>'(21851*0+!;75)-!=7'?'1=!*35!10);51*!0G21!*2!5)*09+')3!)<5;':';!

),10<*';!;21*0;*)!/'*3!2*35(!157(21)!01?!5>51*70++,!5)*09+')3'1=!*35!),10<*';!;21*0;*!$!@!W)!0!

85895(!2:!*35!.=X&-!'*!30)!9551!<(2<2)5?!*30*!OWQ!<+0,)!0!(2+5!?7('1=!*35)5!5>51*)@!

E7('1=!?5>5+2<851*!OWQ!')!3'=3+,!5G<(5))!'1!*35!(2?51*!9(0'1!:(28!589(,21';!?0,!B^@\!*2!

<2)*10*0+!?0,!_@!W:*5(!9'(*3-!OWQ!+5>5+)!?5;(50)5!97*!0(5!)*'++!(50?'+,!?5*5;*5?@!OWQ!')!)*(21=+,!

5G<(5))5?!'1!*35!157(25<'*35+'78!2:!*35!157(0+! *795-! *35!?'::5(51*!(5='21)!2:! *35!?5>5+2<'1=!

9(0'1!01?!'1! *35!)<'10+!;2(?!!#*$%*$&@!L:!12*5! ')! *35!5G<(5))'21!2:!OWQ!'1! *35!50(+,!)*0=5)!2:!

?5>5+2<851*-! )<(50?'1=! (0?'0++,! :(28! *35! >51*(';7+0(! )7(:0;5! P0<';0+R! *2! *35! 90)0+! +08'10!

P90)0+R! 0++! 0+21=! *35! 157(0+! *795-! '1! ;5++c;5++! ;21*0;*)@! W)! ?5>5+2<851*! <(2=(5))-! OWQ!

5G<(5))'21!;301=5)!:(28!;5++c;5++!;21*0;*)!'1!>51*(';7+0(!)7(:0;5!2:!*35!157(0+!*795!/35(5!*35!

8'*2)')!2;;7()-!*2!<2)*8'*2*';!;5++)-!'1!15/!?'::5(51*'0*5?!157(21)!$%@!L1;5!*35!157(0+!*795!)*0(*)!

*35!?'::5(51*'0*'21!'1*2!*35!?'::5(51*!157(0+!>5)';+5)-!OWQ!')!<(5)51*!'1!*35!?2()0+!01?!>51*(0+!

<0++'78-!/3';3!'1;+7?5)!*35!')2;2(*5G-!*35!3'<<2;08<0+!:2(80*'21-!*35!)5<*78-!01?!*35!<(52<*';!

0(50@!OWQ!')!0+)2!29)5(>5?!'1!*35!08,=?0+0-!)285!17;+5'!2:!*35!3,<2*30+087)!01?!'1!)285!

:'95(! *(0;*)! '1;+7?'1=! *35! <,(08'?0+! *(0;*-! :2(1'G-! '1*5(10+! ;0<)7+5-! )*('0! 85?7++0(')! 01?!

:0);';7+7)! (5*(2:+5G7)@! W++! 0+21=! *35! ?5>5+2<851*-! OWQ! ')! <(5)51*! '1! *35! )7(:0;5! 2:! *35!

>51*(';+5)! 01?! *35! ;32(2'?! <+5G7)! !#*$%*$&@!OWQ!8QaW! ')! <(5)51*! '1! *35! 2+:0;*2(,! 97+9! 01?!

2+:0;*2(,!5<'*35+'78!:(28!B"\@\-!:(28!B"`!*35!8QaW!/0)!?5*5;*5?!'1!*35!8'*(0+p*7:*5?!;5++!

+0,5(!01?!'1!*35!<5('=+285(7+0(!+0,5(!!,@!

.1!*35!?5>5+2<'1=!15(>27)!),)*58-!OWQ!80,!:71;*'21!0)!01!3282<3'+';!01?!35*5(2<3'+';!

0?35)'21! 82+5;7+5! '1! 8'=(0*'21! 01?! :0);';7+0*'21! '1>2+>5?! '1! 157(2c15*/2(4! :2(80*'21@!

X*7?'5)!'1!<('80(,!157(210+!;5++!;7+*7(5)!30>5!)32/1!*30*!OWQ!')!<(5)51*!'1!*35!157(0+!;215)!

0)!<0(*!2:!<(2*5'1!;28<+5G5)!01?!'1*5(0;*)!/'*3!<(2*5'1)!<(5)51*!'1!*35!5G*(0;5++7+0(!80*('G!01?!

/'*3!OWQ!<(5)51*!'1!2*35(!;5++)!'#@!.1'*'0++,-!OWQ!')!5G<(5))!'1!*35!)280!01?!*3(27=327*!*35!

157('*5)!01?!0:*5(!0!/554!'*!')!80'1+,!<(5)51*!'1!*35!157('*5)!$+!/35(5!'*)!Oc*5(8'10+!'1*5(0;*)!

! #h!

/'*3!0;*'1!)7<<2(*'1=!*35!12*'21!2:!OWQ!0)!0!;,*2)45+5*0+!(5=7+0*2(!?7('1=!157('*5!27*=(2/*3!

01?!<0*3:'1?'1=!!)@! !W:*5(!D#"-!OWQ!<(2*5'1!01?!8QaW!+5>5+)!?5;(50)5!'1!*35!(2?51*!9(0'1-!

01?!'1!*35!0?7+*!OWQ!')!:271?!'1!*35!3'<<2;08<0+!?51*0*5!=,(7)!01?!*35!)79>51*(';7+0(!N215!

PXVZR-!*35!(2)*(0+!8'=(0*2(,!)*(508!PQJXR!01?!0++!+0,5()!2:!*35!2+:0;*2(,!97+9!!,*!#*$%*$&-!*3')!

/'++!95!?');7))!+0*5(@!!

.1! *35! 0?7+*! 37801! 9(0'1-!OWQ! 5G<(5))'21!/0)! :'()*! ?5);('95?! 9,! D5())21! 5*! 0+@-! '1! *35!

;5(59(0+!;2(*5G! '1! +0,5()! ..! *2!V.-! '1!3'<<2;08<0+!157(21)-! '1! *35!=(017+0(!;5++! +0,5(!2:! *35!

;5(595++78-!0!)79)5*!2:!D7(4'165!;5++)-!?'::5(51*!17;+5'!'1!*35!9(0'1!)*58!'1;+7?'1=!*35!)79)*01*'0!

1'=(0@!OWQ!<2)'*'>5!0G21)!/5(5!29)5(>5?!'1!*35!;2(*5G!01?!9(0'1!)*58@!!H35!;5++)!2:!*35!;32(2'?!

<+5G7)!<(5)51*5?!*35!3'=35(!'1*51)'*,!2:!OWQ!'88712(50;*'>'*,-!/3'+5!OWQ!/0)!09)51*!:(28!

*35!5<51?,80+!;5++)@!L:!12*5-!/0)!*35!<(5)51;5!2:!OWQ!'1!0)*(2;,*5)!01?!8';(2=+'0!);0**5(5?!

*3(27=327*!*35!;2(*5G!01?!0)*(2;,*5)!'1!*35!)79;2(*';0+!17;+5'!%*$(*$'@!.1!)08<+5)!29*0'15?!:(28!

5<'+5<*';!<0*'51*)-!/3';3!<(5)51*!'1:+0880*'21-! *35,!:271?!*30*!157(21)!01?!=+'0+!;5++)!/5(5!

)+'=3*+,!82(5!'1*51)5!:2(!OWQ!)*0'1'1=!$'@!

6"#$!$'!5G<5('851*)!7)'1=!;01'15!0?512>'(7)!>5;*2()!)7==5)*5?!*30*!OWQ!/0)!+2;0*5?!'1!*35!

0G210+!*5(8'10+)!$,!'1!*35!0?7+*!9(0'1@!6"#$!%&'!5G<5('851*)!?5821)*(0*5?!*30*!OWQ!/0)!<(5)51*!

'1! *35!<(5),10<*';!5+5851*)-! '1!92*3!5G;'*0*2(,!01?! '13'9'*2(,!157(21)-!/35(5! '*!;2+2;0+'N5?!

/'*3!VUIbH!P=+7*080*5!*(01)<2(*5(R-!DXEf\!01?!VUWH!PUWAW!*(01)<2(*5(R!(@!H35!+0;4!2:!

OWQ! '1! *35! <2)*),10<*';! 5+5851*)! '1?';0*5)! *30*! OWQ! '1*5(0;*)! /'*3! 1785(27)! <(2*5'1)@!

E5*0'+5?!)*7?'5)!'1!5G;'*0*2(,!157(21)!7)'1=!0!OWQ!CL!827)5!)32/5?!*30*!'1!*32)5!),10<)')!

'*! ?5*5(8'15)! *35! )*(51=*3! 2:! *35! *(01)8'))'21! '1*5(0;*'1=!/'*3! *35! ),10<*';! >5)';+5! ;,;+'1=!

80;3'15(,!$#@!

H35(5!0(5!*/2!0?7+*!157(2=51';!(5='21)!'1!(2?51*)!c!*35!)79>51*(';7+0(!N215!PXVZR!01?!*35!

3'<<2;08<7)!(*!#*$%*$&*$$@!.1!*35!3'<<2;08<7)-!OWQ!)*0'1'1=!')!)*(21=!'1!*35!0G21)!<(265;*'1=!

:(28!*35!51*2(3'10+!;2(*5G-!0)!/5++!0)!'1!82)),!:'95()!'1!*35!3'+7)!01?!!*35!)*(0*78!+7;'?78!

PXI7R! 2:! *35! OW$-! 01?! '1! )285! ;5++)! '1! *35! )79=(017+0(! N215! PXUZR! 01?! *35'(! ?51?('*5)!

<(265;*'1=!*2!*35!82+5;7+0(!+0,5(!2:!*35!EU!(@!OWQ!'88712(50;*'>5!;5++)!'1!*35!XUZ!;2+2;0+'N5!

/'*3!DXWcaOWJ!P<2+,)'0+,+0*5?!:2(8!2:!aOWJR!01?!a57a-!01?!*35,!0(5!'880*7(5!157(21)(@!

Y3'+5!'1!*35!XVZ-!OWQ!')!<(5)51*!21!*35!)280!2:!X2G#pU&WD-!(0?'0+!=+'0!;5++)!$$@!!

H35!<(5)51;5!2:!OWQ!'1!'880*7(5!15/c92(1!157(21)!'1!*35!?51*0*5!=,(7)-!(0')5?!*35!K75)*'21!

2:!/35*35(!OWQ!/0)!<+0,'1=!0!(2+5!'1!0?7+*!157(2=515)')@!H2!*5)*!*3')!<2))'9'+'*,!Z7)),!5*!0+@!

7)5?!0!;21?'*'210+!OWQ!CL!*30*!?'?!12*!5G<(5))!OWQ!'1!*35!;51*(0+!15(>27)!),)*58!POaXR@!W!

3')*2+2=';0+!010+,)')!2:!*35!9(0'1!)32/5?!*30*!'1!=515(0+-!*35!8';5!?'?!12*!?')<+0,!0!?'::5(51*!

! #"!

<3512*,<5!;28<0(5?!/'*3!;21*(2+! 01'80+)-! 0+*327=3! *35!UOI!2:! *35!EU! !/0)! +5))!?51)5+,!

<0;45?!01?!2;;7<'5?!0!=(50*5(!0(50!*301!'1!*35!;21*(2+!8';5!(@!D(2+':5(0*'21!5G<5('851*)!7)'1=!

B?b-! )32/5?! *30*! <(2+':5(0*'21! 01?! 8'=(0*'21! 2:! *35! ;5++)! /0)! 12*! 0::5;*5?! /3'+5! *35!

?'::5(51*'0*'21!*2!*7(1!'1*2!80*7(5!157(21)!/0)!(5?7;5?!;28<0(5?!*2!/'+?!*,<5@!W+)2-!OWQ!+2))!

2:! :71;*'21! <5(*7(95?! ),10<)5! ;21*51*-! +21=c*5(8! <2*51*'0*'21! PIHDR! 01?! 3'<<2;08<0+c

0))2;'0*5?!9530>'2(!(@!!

A"!0B*=6',*&*/3/0+=63&,05683&0+*7*)'C-*&.0

W)!/0)!)*0*5?!50(+'5(!?7('1=!9(0'1!?5>5+2<851*!OWQ!')!<(5)51*!'1!*35!157(0+!*795!'1!;5++c;5++!

;21*0;*! '1! *35! 0<';0+! )7(:0;5!2:! *35! ;5++)! 01?! +0*5(! '1!?5>5+2<851*! '*! ')! <(5)51*! '1!15/92(1!

157(21)! $%@! .*! 30)! 9551! )32/5?! 0+)2! *30*! '*! '1*5(0;*)! /'*3! ZL"! '1! *'=3*! 671;*'21)! ,(! 01?!

;,*2)45+5*0+!<(2*5'1)!?7('1=!157(210+!8'=(0*'21!$*!)-!97*!0+)2!;2+2;0+'N5)!/'*3!2*35(!<(2*5'1)!

'1>2+>5!'1!*35!*3'=3!671;*'21)!01?!0?35(51*)!671;*'21)!+'45!;0?35('1)!01?!Ac;0*51'1!,$*#)*#'*!))@!

H2*0+!OWQ!CL!')!+5*30+!?75!*2!;0(?'0;!?5:5;*)-!/3'+5!*35!;21?'*'210+!OWQ!CL!7)'1=!15)*'1!0)!

0!<(282*5(!*2!5G<(5))!O(5!01?!)7<<(5))!*35!5G<(5))'21!2:!OWQ!30>5!*35!'1;21>51'51;5!*30*!

15)*'1! 5G<(5))'21! PB_@\R! !)!! ')! <2)*5('2(! *2! '1'*'0+!OWQ! 5G<(5))'21! PB^R! ?7('1=! 157(0+! *795!

:2(80*'21!!'@!D(2?7;'1=!01!!"#$!%&'!82?5+!/35(5!OWQ!5G<(5))'21!;01!95!09+0*5?!50(+'5(!;27+?!

35+<!*2!71?5()*01?!'*!(2+5!?7('1=!*32)5!50(+,!)*0=5)!2:!9(0'1!?5>5+2<851*@!

H35!50(+,!)*0=5)!2:!9(0'1!?5>5+2<851*!'1>2+>5!0!)5('5)!2:!;22(?'10*5?!82(<32+2=';0+!5>51*)!

*30*!;7+8'10*5!/'*3!*35!:+0*!157(0+!<+0*5-!0!8212+0,5(!157(25<'*35+'78-!(2++'1=!7<!01?!"#$%&'(!

*35!157(0+!*795!!)%*!)&@!E7('1=!*35!?5>5+2<851*!2:!*35!157(0+!*795-!0<';0+!;21)*(';*'21!<(282*5)!

;5++!)30<5!;301=5)!*30*!0(5!'8<2(*01*!:2(!157(0+!*795!;+2)7(5!01?!*2!5)*09+')3!01!0<';0+!90)0+!

<2+0('*,!01?!(5)7+*)!'1!(52(=01'N0*'21!2:!*35!<+0)80!8589(015!01?!;,*2)45+5*21!!)+*!)(@!W<';0+!

;21)*(';*'21! '1! *3')! ;21*5G*! ')! 80'1+,! ?5<51?51*! 21! *35! ;21*(0;*'21! 2:! *35! 0;*2c8,2)'1!

85)3/2(4!/3';3!)558)!*2!95!?5<51?51*!21!*35!5)*09+')3851*!2:!*35!0<';0+!?280'1!!)(@!H35!

5)*09+')3851*!2:!*35!0<';0+!01?!90)0+!;28<0(*851*)!'1!*35!157(25<'*35+'0+!;5++)!?5<51?)!21!*35!

'1*5(0;*'21!2:!?'::5(51*!0),885*(';0++,!?')*('97*5?!<(2*5'1!;28<+5G5)-!*35(5!0(5!*/2!*,<5)!2:!

671;*'21)! *30*! :2(8! 0! 95+*c+'45! )*(7;*7(5! ;0++5?! 0<';0+! 671;*'210+! ;28<+5G5)@! Y3'+5! *'=3*!

671;*'21)!5G;+7?5!90)2+0*5(0+!<(2*5'1)!:(28!*35!0<';0+!;28<0(*851*-!0?35(51*)!671;*'21)!0++2/!

*35!157(25<'*35+'0+!;5++)!*2!:2(8!$E!*'))75!0))589+'1=!9,!'1*5(0;*'1=!/'*3!*35!0<';0+!0;*'1!95+*!!)'@!!

##

O7((51*+,!'*!')!<2))'9+5!*2!(5;0<'*7+0*5!*35!157(0+!:2(80*'21!!"#$!%&' 7)'1=!'1?7;5?!<+7('<2*51*!

)*58!;5++)!P'DXO)R!()!*+&,#7.8 *3')!0++2/)!*2!(5?7;5!*35!;28<+5G'*,!2:!*35!5>51*)!01?!2::5()!01

'1:2(80*'>5!82?5+!),)*58!!),"!!!@ 6"#$!%&' 'DXO)!?'::5(51*'0*5!*2!:2(8!*35!157(25<'*35+'0+!;5++)!

(5)589+'1=!*3')!?5>5+2<851*!)*0=5-!*35,!*(01)'*'21!:(28!0?35(51*!;5++)!*2!(0?'0+!82(<32+2=,!

0(271?!0!+7851!:2(8'1=!157(0+!(2)5**5)-!8'8';4'1=!*35!157(0+!*795!!!%"!!+@!a57(0+!(2)5**5)!0(5!

<2+0('N5?-!*(01)'51*!5<'*35+'0+!87+*';5++7+0(!)*(7;*7(5!'1!/3';3!:'>5!2(!82(5!;5++)!'1*5(:5(5!0*!0!

;51*(0+!<2'1* !!! @!Q2)5**5!:2(80*'21!')!0!82(<32=515)')!<(2;5))!!!( 12*!21+,!29)5(>5?!!"#$!%&'-!

5<'*35+'0+! (2)5**5)! 0(5! ;28821! '1*5(85?'0*5)! 29)5(>5?! ?7('1=! 2(=012=515)')! '1! ?'::5(51*!

2(=01)!01?!2(=01')8)!'1;+7?'1=!?7('1=!*35!>5(*59(0*5F)!157(0+!*795!:2(80*'21!!),"!!!@!E7('1=!

157(0+! (2)5**5! :2(80*'21-! *35!;5++)!5G<(5))! )*0=5!)<5;':';!80(45()!XLe#-!DWe^-!01?!XLe"!

;28<0*'9+5!/'*3!0!157(0+!<+0*5!'?51*'*,@!!6"#$!$' XLe#-!DWe^-!01?!XLe"c<2)'*'>5!;5++)!30>5!

5G*51)'>5!)5+:c(515/0+!;0<0;'*,!01?!)5(>5!0)!0!1';35!:2(!*35!80'1*5101;5!01?!<(2+':5(0*'21!2:!

157(0+!<(2=51'*2()!*30*!;01!0)!/5++!?'::5(51*'0*5!'1*2!?')*'1;*!(5='21c)<5;':';!157(21)!01?!=+'0!!!!*!!'*!!,@

W?35(51*!01?!)7)<51)'21!;7+*7(5 ;01!95!7)5?!*2!=515(0*5!(2)5**5)!!"#$!%&'@!.1!*35!8212+0,5(!

2(!0?35(51*!;7+*7(5!*35!5G<01)'21!01?!?'::5(51*'0*'21!2:!;5++)!?5<51?!21!0??'*'210+!:0;*2()-!01?!

?7('1=!*35!157(0+!?'::5(51*'0*'21!2:!*35!;5++)!aXO)!95='1!*2!0<<50(!0927*!%!?0,)!0:*5(!*35!)*0(*!

2:!?'::5(51*'0*'21-!:2++2/5?!9,!(2)5**5!:2(80*'21-!80*7(5!(2)5**5)!;01!95!)551!:(28!*35!fc?0,!

?'::5(51*'0*'21!!!+*!!'*!!#*!!$@!H35!)7)<51)'21!;7+*7(5!2(!$E!;7+*7(5!')!90)5?!21!*35!:2(80*'21!2:!

589(,2'?! 92?'5)! ;0<09+5! 2:! :2(8'1=! 0!87+*'c+0,5(5?! )*(7;*7(5! *30*! /'++! ='>5! (')5! *2! 157(0+!

(2)5**5)@!.*!')!;30(0;*5('N5?!9,!*35!+7851!:2(80*'21!*30*!')!:0;'+'*0*5?!9,!0<2<*2)')!!!(@!

"#$%&'!R)!F=+$'0!-1!5'%&+/!3#11'&'5=#+=#-5!#5!N#=&-!+53!#5!N#N->!S%.+5!?/%&#?-='5=!0='.!2'//0!4OF;0!3#11'&'5=#+='!#5=-!5'%&-50!

#5N#=&-!?+00#5$!=4&-AD-%=!3#11'&'5=!0=+$'06!5'%&+/'?#=4'/#+/!2'//0!+53!&-0'=='0!8%??'&!&-A:>!T'%&+/!&-0'=='0!+&'!$&-%?0!-1!2'//0!

&+3#+//@!+&&+5$'3!0%&&-%53#5$!+!2'5=&+/!+?#2+/! /%.'5&'(> T'%&+/!&-0'=='0!+&'!?-/+&#B'3!0=&%2=%&'0!A#=4!+5!+?#2+/!+53!7+0+/!

! #$!

3-.+#56!=4'@!+&'!?0'%3-0=&+=#1#'3!0=&%2=%&'0!.#.#2E#5$!=4'!'.7&@-5#2!5'%&+/!=%7'>!P4'5!&-0'=='0!A#//!$#N'!&#0'!=-!TO;0!=4+=!

3#11'&'5=#+='! =-! 5'%&-50! +53! $/#+! 2-&&'0?-53#5$! =-! =4'! 1-&.+=#-5! -1! ?-0=.#=-=#2! 5'%&-50! #5! N#N-! 3%&#5$! 1'=+/! +53! +3%/=!

5'%&-$'5'0#0!&'&>!!!

a57(0+! (2)5**5)! )30(5! ;30(0;*5(')*';)! /'*3! *35! 157(0+! *795o! ;5++! <2+0('N0*'21-! '1*5(4'15*';!

17;+50(! 8'=(0*'21-! /35(5! *35,! 5)*09+')3! 0! =(0?'51*! 2:! 157(210+! ?'::5(51*'0*'21! 01?! ;01!

?'::5(51*'0*5! '1*2! (5='21c)<5;':';! 157(21)! 01?! =+'0! /3'+5! 80'1*0'1'1=! <(2+':5(0*'>5! )*58!

;5++)!!+*!%%"!%(@!H35!;5++)!'1!*35!157(0+!(2)5**5!30>5!0!)<5;'0+'N5?!90)0+!01?!0<';0+!)7(:0;5-!/3'+5!

*35!90)0+! )7(:0;5! ')! (';3! '1! (5;5<*2()!2:!<(2*5'1)!<(5)51*! '1! *35!5G*(0;5++7+0(!80*('G! )7;3!0)!

'1*5=('1!A"-!*35!0<';0+!)7(:0;5!')!;30(0;*5('N5?!9,!*35!<(5)51;5!2:!*'=3*!01?!0?35(51*)!671;*'21!

<(2*5'1)!)7;3!0)!ZL"-!ac;0?35('1!01?!/'*3!uc;0*51'1!01?!0!<('80(,!;'+'0!<2'1*'1=!*2!*35!+7851!!!+*!!(*!!$*!%%"!%'@!

H35! !"#$!%&'!157(0+!(2)5**5)!0+)2!(5<(2?7;5!*35!'1*5(4'15*';!17;+50(!8'=(0*'21-! *35!8'*2*';!

17;+5'!0(5!+2;0*5?!;+2)5!*2!*35!+7851!2:!*35!(2)5**5)!'1!*35!0<';0+!<0(*!2:!*35!;5++)-!/3'+5!*35!

17;+5'! '1! X! <30)5! 0(5! 0*! *35! 90)0+! <0(*! 2:! *35! ;5++)-! '1! *35! <5('<35(,! 2:! *35! 157(0+! (2)5**5)!!!+*!!$*!%&@!H3')!/0)!)7<<2(*5?!9,!5+5;*(21!8';(2);2<,!'80=5)!/35(5!*35!<(5)51;5!2:!*35!<('80(,!

;'+'0!'1!*35!0<';0+!(5='21!2:!*35!;5++)!'1*5(0;*'1=!/'*3!*35!82*35(!;51*('2+5!'1?';0*5?!*30*!*35!

0<';0+!(5='21!2:!*35!;5++)!')!/35(5!*35!8'*2)')!/0)!2;;7(('1=!!!(@!!

H35!2*35(!:50*7(5!*30*!157(0+!(2)5**5)!)30(5!/'*3!*35!157(0+!*795!')!*35!=(0?'51*!2:!157(210+!

?'::5(51*'0*'21@!W*!50(+,!)*0=5)!157(0+!(2)5**5)!:2(8!0!<)57?2)*(0*':'5?!5<'*35+'78!/35(5!0++!*35!

0<';0+!;28<0(*851*!2:!*35!;5++)!0(5!'1!;21*0;*!/'*3!*35!+7851-!*35!;7((51*!?0*0!(5>50+)!*30*!*35!

157(2<(2=51'*2(! ;5++)! 0(5! +'145?! 9,! 0<';0+! 671;*'210+! ;28<+5G5)! '1! *35! 0<';0+! )7(:0;5! 01?!

51=0=5!'1!157(2=515)')@!O5++)!71?5(=2'1=!),885*(';!?'>')'21!/'++!='>5!(')5!*2!*/2!?07=3*5(!

<(2=51'*2(!;5++)@!O21>5()5+,-!;5++)! '1! *35!<(2;5))!2:!0),885*(';!?'>')'21!/'++!='>5! (')5! *2!0!

157(0+!<(2=51'*2(!;5++!01?!0!;5++!*30*!/'++!?'::5(51*'0*5!'1*2!0!157(21!01?!/'++!8'=(0*5!0/0,!:(28!

*35!;51*5(!2:!*35!(2)5**5)@!W*!+0*5)*!)*0=5)!*35!157(0+!(2)5**5)!;21*'175!*2!=(2/!01?!:2(8!0!87+*'c

+0,5(5?!)*(7;*7(5!95:2(5!*35,!)*0(*!*2!?'::5(51*'0*5!01?!='>5!(')5!*2!157(21)!*30*!8'=(0*5!(0?'0++,!!%,!27*)'?5!*35!>51*(';7+0(!<(2+':5(0*'>5!N215!!!$*!%&*!%(@!

H35!;7((51*!82?5+!2:!82(<32+2=';0+!;301=5)!2;;7(('1=!?7('1=!157(0+!(2)5**5)!:2(80*'21!!"#

$!%&'!')!90)5?!21!;5++!82(<32+2=,!;301=5)!29)5(>5?!7)'1=!0?35(51*!671;*'21)-!*'=3*!671;*'21-!

;,*2)45+5*21!<(2*5'1)!01?!<(2*5'1)!'1>2+>5?!'1!*35!5)*09+')3851*!;5++!<2+0('*,!01?!0<2<*2)')@!.*!

'1>2+>5)!\!)*5<)o!;5++!'1*5(;0+0*'21-!;21)*(';*'21-!<2+0('N0*'21-!5+21=0*'21!01?!+7851!:2(80*'21!!!(@!H35!)*7?,!2:![('942>0!)32/5?!*30*!?7('1=!*35!;5++!'1*5(;0+0*'21!<30)5-!*/2!2(!82(5!(2/)!

2:!;5++)!82>5!95*/551!215!012*35(-!0:*5(/0(?)!*35!;5++)!;21*(0;*!01?!)*0(*!*35!<2+0('N0*'21!*30*!

')!;30(0;*5('N5?!9,!*35!<(5)51;5!2:! *'=3*!01?!0?35(51*! 671;*'21)! '1! *35!0<';0+!?280'1!2:! *35!

#%

(2)5**5)-!ZL"!01?!Ac;0*51'1!:2(8!0!('1=!0(271?!*35!+7851!<(2?7;'1=!80*7(5!(2)5**5)!!!(@!Ac

;0*51'1! ')! =(0?70++,! <2+0('N5?! 01?! :2(8)! 0! ('1=! '1! *35! 0<';0+! (5='21!/3'+5-! ZL"! ?'))2+>5)!

=(0?70++,!01?!?')0<<50(!*2!(50<<50(!*2!;2+2;0+'N5 /'*3!Ac;0*51'1!'1!*35!0<';0+!('1=!'1!*35!80*7(5!

157(0+!(2)5**5)!!!(@! .1!<0(0++5+-!ac;0?35('1!5G<(5))'21!'1;(50)5)! '1! *35!0<';0+!(5='21!!%#@!H35!

<0(*'*'21c?5:5;*'>5!$! PDWQc$R! <(2*5'1-! '8<+';0*5?! '1! *35! :2(80*'21!2:! *'=3*! 671;*'21)! )32/)!

;2+2;0+'N0*'21!/'*3!ZL"!'1!*35!*'=3*!671;*'21)!0*!50(+,!)*0=5)-!97*!'*!?25)!12*!:2++2/!*35!)085!

<0**5(1! 2:! <2+0('N0*'21! 0)! ZL"o! '*! ?25)1F*! ?')0<<50(! 95:2(5! :2(8'1=! *35! 0<';0+! ('1=! 2:! *35!

(2)5**5)@!H797+'1-! ')! 0+)2!=(0?70++,!<2+0('N5?-! 97*! ')! 12*! +2;0*5?! '1! *35! ('1=! )*(7;*7(5! '1! *35!

80*7(5!(2)5**5)!!!(-!01?!;0)<0)5c$!<+0,)!0!(2+5!'1!!+7851!:2(80*'21!!!(*!%$@!.1'*'0+!(5)7+*)!'1!*35

+09!30>5!)32/1!*30*!OWQ!')!<(5)51*!'1!*35!(2)5**5)-!;2+2;0+'N'1=!/'*3!ZL"!'1!*35!0<';0+!(5='21!

()!*+&,#9.:

"#$%&'!U)!;<J!+53!VW(!'C?&'00#-5!#5!&-0'=='0>!P4'!2-/-2+/#B+=#-5!-1!;<J!+53!VW(!#5!@'//-A!#5!=4'!/%.'5!-1!=4'!&-0'=='>!!VW(!

8$&''5:6!;<J!8&'3:6!M<O9!87/%':>

ZL"!<+0,)!01!5))51*'0+!(2+5!'1!157(210+!?5>5+2<851*@!.*)!+5>5+)!0(5!80'1*0'15?!?7('1=!*35!

*(01)'*'21!:(28!*35!157(0+!<+0*5!*2!*35!157(0+!*795-!01?!ZL"!*(01)8'*)!'1:2(80*'21!(5+0*5?!/'*3!

*35! ;5++c;5++! ;21*0;*)! *2! *35! 17;+57)! *2! 455<! *35! 90+01;5! 95*/551! <(2+':5(0*'21! 01?!

?'::5(51*'0*'21 !&)@! ZL"c?5:';'51*! 8';5! ?'5! ?75! *2! 157(0+! *795! ?')2(=01'N0*'21-! 589(,21';!

?5:5;*)! '1! *35! 01='2=515)')! 01?! 9,! 0<2<*2)')! '1! *35! 157(0+! *795-! )7==5)*'1=! 0! (2+5! '1! *35!

(5=7+0*'21!2:!*'))75!2(=01'N0*'21!!!&!@!DWQc$!:2(8)!0!;28<+5G!/'*3!2*35(!<(2*5'1)!)7;3!0)!D0(c

^-!0*,<';0+!<(2*5'1!4'10)5!O-!O(789)!01?!X;('99+5-!0821=!2*35()!!&%"!&+@!H3')!<(2*5'1!;28<+5G!

30)!0!45,!(2+5!'1!5)*09+')3'1=!*35!0<';0+c90)0+!<2+0('*,!?7('1=!827)5!157(2=515)')-!85?'0*'1=!

*35!0<';0+!671;*'210+!;28<+5G5)!/35(5!;2+2;0+'N5)!/'*3!ac;0?35('1-!uc;0*51'1!01?!ZL" !&(*!&'@!

I2))!2:!D0(c$!0*!50(+,!)*0=5)!2:!*35!157(0+!*795!?5>5+2<851*!<(282*5)!),885*(';!?'>')'21-!*35!

157(0+!<(2=51'*2()!0(5!12*!09+5!*2!5)*09+')3!12(80+!0<';0+!671;*'210+!;28<+5G5)!*30*!32+?!*358!

'1!*35!>51*(';7+0(!N215-!(5)7+*'1=!'1!*35!<(2?7;*'21!2:!0!3'=35(!17895(!2:!157(0+!<(2=51'*2()!

! #\!

*30*!0(5!5;*2<';0++,!?')*('97*5?!*3(27=327*!*35!;2(*5G!!&,@!A,!;21*(0)*-!*35!+2))!2:!D0(c$!0*!+0*5(!

)*0=5)!2:!157(2=515)')!(5)7+*)!'1!2>5(!<(2?7;*'21!2:!+0*5!92(1!157(21)!!&'*!&,@!ac;0?35('1!')!0+)2!

5G<(5))!'1!*35!0<';0+!671;*'210+!;28<+5G5)-!'*!<+0,)!(2+5!'1!*35!*(01)'*'21!:(28!),885*(';!*2!

0),885*(';!?'>')'21!'1!*35!157(0+!*795!&&!*35!5G<(5))'21!2:!ac;0?35('1!(5<+0;5)!*35!5G<(5))'21!

2:! Bc;0?35('1! ?7('1=! 157(7+0*'21! !&#! 01?! '*)! 09)51;5! '1! *35! 157(0+! *795! '13'9'*)! *35! 0<';0+!

<(2;5))!/'*3?(0/0+!01?!;5++!;,;+5!5G'*!2:!*35!157(2<(2=51'*2(!;5++)!!&$@!Ac;0*51'1!30)!0!?29+5!

:71;*'21-!'*!')!'1>2+>5?!'1!*35!;5++c;5++!'1*5(0;*'21)!01?!'1!85?'0*'1=!Y1*!)'=10+'1=!?7('1=!157(0+!

?5>5+2<851*!!+)@!.*)!09)51;5!;07)5!?5:5;*)!'1!*35!;07?0+!157(0+!*795!;+2)7(5!01?!5+21=0*'21!!+!@!

@:;:!&A>3$(&B%3)#5%-%.,.&

OWQ!')!0+)2!<(5)51*!'1!*35!0?7+*!157(2=51';!0(50)!)7;3!0)!*35!)79>51*(';7+0(!N215!PXVZR!

01?!*35!?51*0*5!=,(7)!PEUR!!,*!#*$%*$&-!01?!'*)!+5>5+!'1!*35!EU!')!?5;(50)5?!71?5(!'1:+0880*2(,!

51>'(21851*)!)7;3!'1!W+N35'85(F)!?')50)5-!'1!92*3!'1!37801!01?!827)5!82?5+-!2(!'1!(2?51*)!

IDXc'1?7;5?! ),)*58';! '1:+0880*'21@! ! OWQ! +5>5+)! /5(5! +2/! '1! *35!EU! 15/c92(1! 157(21)!

82)),!:'95()-!01?!'1!0G21)!<(265;*'1=!:(28!*35!51*2(3'10+!;2(*5G-!0!(5='21!<0(*';7+0(+,!0::5;*5?!

'1!W+N35'85(F)!?')50)5!(@!H35)5!?0*0!+50?!*2!3,<2*35)'N5!0!<0*3/0,!'1!/3';3!)5;(5*0)5)!01?!

<(2'1:+0880*2(,! ;,*24'15)! <5(*7(9! OWQ! +5>5+)! 01?! 0::5;*! 0?7+*! 157(2=515)')-! ),10<)5!

32852)*0)')!01?!3'<<2;08<0+!<+0)*';'*,!v!+'14'1=!OWQ!01?!0?7+*!157(2=515)')!!(@!

4"#"#"!5-,0.+-637'*(+,*(60-8('.9'3:;70'/(;+.<(/(,-,'

X'1;5!*35!9'(*3!2:!*35!157(21!?2;*('15!0*!*35!51?!2:!*35!e.e!;51*7(,-!*35(5!/0)!0!=515(0+!

;21)51)7)! *30*! 157(21)! ;27+?! 12*! (5=515(0*5! '1! *35! 0?7+*! 9(0'1@! W*!

*35!95='11'1=!2:!#h./!;51*7(,-!Q0821!,!O060+!/(2*5o!w!L1;5!?5>5+2<851*!/0)!51?5?-!*35!:21*)!

2:!=(2/*3!01?!(5=515(0*'21!2:!0G21)!01?!?51?('*5)!?('5?!7<!'((5>2;09+,@!.1!0?7+*!;51*5()-!*35!

157(0+! <0*3)! 0(5! )285*3'1=! :'G5?! 01?! '887*09+5o! 5>5(,*3'1=!80,!?'5-! 12*3'1=!80,!95!

(5=515(0*5?!PxR!.*! ')! 0! ?7*,! :2(! :7*7(5! =515(0*'21)!*2! :'1?!0!/0,! *2! 2>5(;285! *35! '1*('1)';!

:0'+7(5!2:!0?7+*!9(0'1!*2!(5=515(0*5!PxR!y!+%@!!

A7*!/'*3!*5;31';0+!0?>01;5)!?7('1=!*35!ee!;51*7(,!*3')!?2=80!;301=5?@!.1!"f\h-!*35!7)5!

2:!(0?'20;*'>5!*3,8'?'15!*2!+095+!EaW!?7('1=!X!<30)5!0++2/5?!*35!29)5(>0*'21)!2:!;5++!?'>')'21!

01?!?'::5(51*'0*'21-!7)'1=!*3')!+095++'1=!*5;31'K75!S2)5<3!W+*801!01?!U2<0+!E@!E0)-!<(5)51*5?!

50(+,!5>'?51;5!2:!<(2?7;*'21!2:!15/!157(21)!'1!*35!0?7+*!(0*!9(0'1!0:*5(!'167(5@!I0*5(-!7)'1=!*35!

)085!*5;31'K75!*35,!29)5(>5?!?'>'?'1=!;5++)!'1!*35!XVZ!01?!*35!EU!'1!*35!0?7+*!(0*!01?!;0*!

9(0'1!!+&*!++@!!H35)5!:'1?'1=)!/5(5!+0*5(!)7<<2(*5?!9,!)32/'1=!*35!8'=(0*'21!2:!*35!15/!92(1!

#^

;5++)!:(28!XVZ!0+21=!*35!(2)*(0+!8'=(0*2(,!)*(508!*2/0(?)!*35!2+:0;*2(,!97+9!/35(5!*35,!/5(5!

'1*5=(0*5?!0)!157(21)!!+(*!+'@!.1!*35!15G*!?5;0?5)!)5>5(0+!2*35(!(5)50(;35() ?5);('95?!!)*58!;5++)!

'1!!0?7+*!9(0'1)!2:!;010('5)!01?!,271=!01?!2+?!(2?51*) !+,*!+#@!

W*! *35! )085! *'85-! ?5>5+2<851*! 2:! 15/! ;7+*7(5! *5;31'K75)! 0++2/5?! *35! ')2+0*'21! 01?!

80'1*5101;5!2:!)*58!;5++)!:(28!589(,21';!(2?51*!9(0'1!!"#$!%&'-!455<'1=!*35'(!<(2<5(*'5)-!*35,!

/5(5!09+5!*2!)5+:c(515/!01?!0+)2!?'::5(51*'0*5!'1*2!157(21)!!+$-!0++2/'1=!*35!)*7?,!2:!157(210+!

?'::5(51*'0*'21@!.1!"ff#-!A(51*!Q5,12+?)!01?!X0875+!Y5'))!'1?7;5?!<(2+':5(0*'21!!"#$!%&'-!7)'1=!

;5++)!')2+0*5?!:(28!*35!)*('0*78!2:!*35!0?7+*!8';5@ .1!*35!<(5)51;5!2:!)<5;':';!=(2/*3!:0;*2()-!

*35!')2+0*5?!;5++) ;27+? 92*3!)5+:c(515/!01?!?'::5(51*'0*5!'1*2!157(21)!2(!0)*(2;,*5)-!)7==5)*'1=!

*30*!*35,!/5(5!157(0+!)*58!;5++) !()@!X'1;5!*351-!)5>5(0+!=(27<)!30>5!9551!'1*5(5)*5?!'1!*3')!

)7965;*!?5);('9'1=!*30*!0?7+*!157(2=515)')!2;;7()!80'1+,!'1!*/2!(5='21)!2:!0?7+*!(2?51*!9(0'1o!

*35!XVZ!2:!*35!+0*5(0+!>51*(';+5!01?!*35!XUZ!2:!*35!3'<<2;08<7)!()!*+&,#;.: H35)5!*/2!1';35)!

;21*0'1! 0! <22+! 2:! )*58! ;5++)! *30*! /'++! <(2?7;5! 157(21)! 01?! =+'0@ .1! 0??'*'21-! (5;51*! /2(4!

)7==5)*5?!*35!5G')*51;5!2:!0!157(2=51';!1';35!'1!*35!3,<2*30+087)!/'*3'1!*35!*3'(?!>51*(';+5!

01?!'1!*35!)79)*01*'0!1'=(0!'1!*35!(2?51*!9(0'1!12*!)*7?'5?!'1!37801!9(0'1) !(! @

"#$%&'!X)!F#='0!-1!+3%/=!5'%&-$'5'0#0!#5!&-3'5=!+53!4%.+5!+3%/=!7&+#50>!T'%&-$'5'0#0!=+E'0!?/+2'!=4&-%$4!/#1'!#5!=4'!3'5=+='!

$@&%0!-1!=4'!4#??-2+.?%0!8$&''5:!+53!=4'!0%7N'5=&#2%/+&!B-5'!#5!7-=4!&-3'5=!+53!4%.+5!7&+#508&'3:>!95!-=4'&!7&+#5!&'$#-50!

+3%/=!5'%&-$'5'0#0!3-'0!-22%&0!#5!=4'!4@?-=4+/+.%0!8@'//-A:!+53!0%70=+5=#+!5#$&+!#5!&-3'5=06!=4'!0=&#+=%.!-1!4%.+5!7&+#5!

87/%':!&%'>

A7*!)*'++-!*35(5!/0)!12*!)*(21=!5>'?51;5!*2!?5821)*(0*5!*30*!*35!)085!<(2;5))!/0)!30<<51'1=!

'1!*35!37801!0?7+*!9(0'1-!'*!/0)!0*!*35!51?!2:!*35!fhF)!/351!*35,!)32/5?!*35!:'()*!)'=1)!2:!0?7+*!

157(2=515)')!'1!*35!37801!9(0'1@!H04'1= 0?>01*0=5!2:!7)'1=!\c9(282c#Fc?52G,7('?'15!PA(?bR-!

0!),1*35*';!17;+52)'?5!010+2=75!2:!*3,8'?'15 *30*!/0)!95'1=!7)5!'1!*35!?'0=12)')!2:!;01;5(-!&(5?!

U0=5F)!*508!?5);('95?!*35 5G')*51;5!2:!157(2=515)')!'1!*35!37801!9(0'1@ A(?b!')!7)5?!*2!?5*5;*!

<(2+':5(0*'1=!;5++)!'1!*35!+'>'1=!*'))75!'1!;01;5(!<0*'51*)-!*3014)!*2!'*)!09'+'*,!*2!95!'1;2(<2(0*5?!

'1*2! *35! 15/+,! ),1*35)'N5?!EaW! ?7('1=! *35! X! <30)5n! 7)'1=! 9(0'1! <2)*c82(*58! *'))75! :(28!

! #_!

;01;5(!<0*'51*)!01?!;289'1=!/'*3!'887123')*2+2=,!*5;31'K75)!01?!;21:2;0+!8';(2);2<,!*35,!

/5(5! 09+5! *2!?5821)*(0*5! *30*! *35! 37801! 3'<<2;08<7)! (5*0'15?! '*)! 09'+'*,! *2! =515(0*5! 15/!

157(21!!!(&@!.1!<0(0++5+!)*58!;5++)!/'*3!157(2=51';!<2*51*'0+!/5(5!')2+0*5?!:(28!*35!0?7+*!37801!

3'<<2;08<7)!(+"!('!01?!0+)2!?'::5(51*!+09)!)32/5?!*35!<(5)51;5!2:!;5++)!5G<(5))'1=!<(2+':5(0*'21!

80(45()!'1!37801!<2)*c82(*58!9(0'1)!!(,"!')@!A7*!'1!#h"`!*/2!<0<5()!<79+')3!215!/554!0<0(*!

)32/5?!2<<2)'*5!(5)7+*)@!H35!/2(4!9,!*35!W+>0(5NcA7,++0!+09!;21;+7?5?!*30*!157(2=515)')!'1!

37801!3'<<2;08<7)!?5;+'15!/'*3!0=5-!01?!/0)!71?5*5;*09+5!0:*5(!;3'+?322?!!'!!/3'+5!*35!J011!

+09! 0(('>5?! 0*! *35! 2<<2)'*5! ;21;+7)'21! )32/'1=! *30*! 157(2=515)')! '1! *35! 37801! 0?7+*!

3'<<2;08<7)!/0)!80'1*0'15?!87;3!+21=5(!'@!W+*327=3!*35!80**5(!0<<50(5?!*2!95!)5**+5?!0:*5(!

*35! <79+';0*'21! '1! #h"f! 01?! #h#"! 2:! */2! /2(4)! ?5:51?'1=! *35! '?50! *30*! 37801! 0?7+*!

157(2=515)')! ')! <5()')*51*-! '1;+7?'1=! '1! 2+?! 0=5! 01?! 32/! '*! ')! 0::5;*5?! 9,! ?'::5(51*!

157(2?5=515(0*'>5!?')50)5)!!'%*!'&-!'*!')!)*'++!0!;21*(2>5()'0+!*2<';!01?!)*'++!01!21=2'1=!?');7))'21@!

@:8:!&A>3$(&-%3)#5%-,"&-,"0%.&,-&(0%&)#>%-(.&&

.1!*35!OaX-!157(0+!)*58!;5++)!PaXO)R!(5)'?5!'1!0!/5++!;21)5(>5?-!2(=01'N5?-!01?!)<5;'0+'N5?!

8';(251>'(21851*)!/35(5!0?7+*!157(2=515)')!2;;7()@!aXO)!0(5!71?'::5(51*'0*5?!;5++)!*30*!;01!

?'::5(51*'0*5!'1*2!157(21)!2(!=+'0+!;5++)-! *35,!30>5!71+'8'*5?!5G<01)'21!;0<0;'*,!?75!*2!*35'(!

09'+'*,!2:!)5+:c(515/0+@!H35!?'::5(51*'0*5?!;30(0;*5(')*';-!2(!<2*51;,-!')!*35!;0<0;'*,!*2!95;285!

)<5;'0+'N5?!;5++! *,<5)-!/35(50)!)5+:c(515/0+!')!80'1*0'1'1=!01!71?'::5(51*'0*5?!)*0*5!*3(27=3!

1785(27)!;,;+5)!2:!),885*(';!2(!0),885*(';!?'>')'21!*2!<(2?7;5!0!<22+!2:!aXO)!0)!/5++!0)!

?'::5(51*'0*5?!;5++!*,<5)!*2!(5=515(0*5!?080=5?!*'))75)!!'+@!L15!)*58!;5++!='>5)!(')5!*2!*/2!;5++)o!

215!(580'1)!0)!0!)5+:c(515/'1=!aXO-!*35!)5;21?!?07=3*5(!;5++!?'::5(51*'0*5)!'1*2!0!80*7(5!;5++!

*,<5-! *35,!30>5! *35!09'+'*,! *2!)/'*;3!95*/551! *35!K7'5);51*!01?!<(2+':5(0*'>5!)*0*5@!H35!:0*5!

?5<51?)!21!*35!'1*5(0;*'21!95*/551!*35)5!;5++)!01?!*35'(!1';35!*30*!?5:'15)!*35'(!<(2<5(*'5)!01?!

<2*51*'0+!!'(@!

H35!+':5+21=!)5+:c(515/0+!2:!aXO-!01?!*35'(!?'::5(51*'0*'21!'1*2!)<5;':';!;5++!*,<5)!0(5!/5++!

<(5)5(>5?!01?!)7<<2(*5?!9,!*35)5!;21*(2++5?!8';(251>'(21851*)!'1!*35!OaX@!H35!'1*5(0;*'21!

2:!*35!;5++)!/'*3!*35!51>'(21851*!<0(*';'<0*5)!'1!*35!:2(80*'21!2:!*35)5!(5='21)@!&7(*35(82(5-!

/'*3'1! *35! (5='21)-! '1*('1)';! 01?! 5G*('1)';! )'=10+)! 0)! /5++! 0)! ;5++v;5++! '1*5(0;*'21)! 0(5! 45,!

(5=7+0*2()!0++2/'1=!:55?90;4!;21*(2+!2:!aXO!0;*'>0*'21!01?!?'::5(51*'0*'21!!''@!aXO)!'1!*35'(!

8';(251>'(21851*!;01!(5;5'>5-!'1*5=(0*5!01?!(5)<21?!*2!)'=10+)!?75!*2!*35'(!'1*5(0;*'21)!/'*3!

*35!>0);7+0*7(5-!/'*3!15'=392('1=!;5++)! +'45!80*7(5!0)*(2;,*5)!8';(2=+'0-!01?!*35! '1*5(0;*'21!

/'*3!*35!90)0+!+08'10!;28<2151*)@!!!

! #`!

H35!aXO!<22+!')!80'1*0'15?!'1!*35'(!8';(251>'(21851*-!<(2*5;*5?!:(28!<2))'9+5!5G*5(10+!

'13'9'*2(,! '1:+751;5)! *30*! 80,! 0::5;*! 21=2'1=! 157(2=515)')! 01?! 157(210+! <(2+':5(0*'21! 2(!

?'::5(51*'0*'21!!''@!H35!8062('*,!2:!aXO)!'1!*35!0?7+*!9(0'1!0(5!K7'5);51*-!01?!'1!(5)<21)5!*2!

*35!8';(251>'(21851*!;01!95;285!(50;*'>0*5?!01?!=515(0*5!15/!157(21)@!H32)5!)*'87+'!;27+?!

(50;*'>0*5!2(!(5?7;5!*35!0?7+*!157(2=515)')!01?!*35,!/'++!95!?5);('95?!+0*5(!!'#@!.1!*35!(2?51*!

?'::5(51*! 157(2=51';! 1';35)! 5G')*o! ?51*0*5! =,(7)-! )79c>51*(';7+0(! N215-! )*('0*78-! )79)*01*'0!

1'=(0-!3,<2*30+087)-!;2(*5G!01?!08,=?0+0!!(!-!97*!/5!/'++!;21;51*(0*5!'1!*/2o!*35!XVZ!01?!*35!

3'<<2;08<7)@!

4"="#"!>1('?@A'

H35!XVZ!()!*+&,#;.!')!0!N215!2:!0;*'>5!157(2=515)')!'1!*35!0?7+*!9(0'1!*30*!;21*('97*5)!*2!

*35!2+:0;*2(,!97+9!<+0)*';'*,n!=(017+5!;5++)!(5=515(0*'21!01?!(5<+0;5851*!'1!*35!2+:0;*2(,!97+9!

<+0,)!0!;51*(0+!(2+5!'1!<+0)*';'*,!0++2/'1=!*35!(2?51*)!*2!(5)<21?!*2!15/!51>'(21851*0+!)*'87+'-!

01?!0+)2!'8<0;*)!)5G70+!9530>'2(!!'$"!,!@!

H35!XVZ!157(2=51';!1';35!;21)')*)!80'1+,!2:!*3(55!;5++!*,<5)@!!H35!A"!;5++)!*30*!+'15?!*35!

+0*5(0+!>51*(';+5)!*30*!0(5!0!)79)5*!2:!(5+0*'>5+,!K7'5);51*!;5++)@!H35,!5G<(5))!U&WD-!=+7*080*5!

0)<0(*0*5! *(01)<2(*5(!01?!9(0'1! +'<'?c9'1?'1=!<(2*5'1! !',*!,%*!,&@!Y351!0;*'>0*5?-! *35,!5G<(5))!

15)*'1!01?!?'>'?5!0),885*(';0++,-!<(2?7;'1=!0!)5+:c(515/0+!;5++!01?!0!?07=3*5(!;5++)-!*,<5!O!

;5++)!!',*!,+@!H32)5!;5++)!?'>'?5!),885*(';0++,!#c$!*'85)!95:2(5!=515(0*'1=!157(29+0)*)!2(!*,<5!

W!;5++)!/3';3!0(5!80'1+,!EOe!01?!DXWcaOWJc<2)'*'>5@!H,<5!W!;5++)!?'>'?5!"!2(!#!82(5!

*'85)!01?!8'=(0*5!*3(27=3!*35!(2)*(0+!8'=(0*2(,!)*(508!*2/0(?)!*35!2+:0;*2(,!97+9!!',@!L1;5!

*35,! (50;3! *35! 2+:0;*2(,! 97+9-! *35! 157(29+0)*)! 95;285! 80*7(5! =(017+5! ;5++)! *30*! 5)*09+')3!

;2115;*'21)!/'*3!*35!8'*(0+!2(!*7:*5?!;5++)!($*!,(@!!

4"="="!>1('1-**.63B*;,''

H35!3'<<2;08<7)-!:'()*!?5);('95?!9,!*35!010*28')*!S'+'7)!O05)0(!W(01N'-!')!/'?5+,!7)5?!0)!0!

82?5+! )*(7;*7(5! *2! )*7?,! <+0)*';'*,! 01?! 0?7+*! 157(2=515)')@!H35! )<5;':';! (2+5)! 2:! *35!

3'<<2;08<7)!'1;+7?5!8582(,!01?!+50(1'1=-!<+0,)!0!(2+5!'1!*35!:2(80*'21!2:!8582('5)-!97*!')!

12*!*35!)*(7;*7(5!!*2!)*2(5!8582('5)!!,'@!!

#f

H35! 3'<<2;08<7)! ')! 0! +0,5(5?! )*(7;*7(5! *30*! '1;+7?5) *35! EU-! *35! ;2(17! 08821')!

POW"- OW#- 01?!OW$R-! *35!51*2(3'10+!;2(*5G!PBOR!01?! *35!)79';7+78! !,,@!H35(5! ')!0!71'K75!

?'(5;*'210+!<(2=(5))'21!5G;'*0*2(,!<0*3/0,!*30*!+'14)!5>5(,!(5='21!2:!*35!3'<<2;08<7)-!412/1!

0)!*35!*('),10<*';!;'(;7'*@!H(0?'*'210++,-!*35!*('),10<*';!;'(;7'*)!)51?)!'1:2(80*'21!:(28!BO!*2!

*35!EU!*3(27=3!*35!)79';7+78n!*35!=(017+0(!;5++)!2:!*35!EU!)51?!*35!'1:2(80*'21!*2!*35!OW$!

>'0!*35!82)),!:'9(5)-!*351!*2!OW"!9,!*35!X;30::5(!;2++0*5(0+)!PBO!z!EU!P),10<)5!"R-!EU!z!

OW$!P),10<)5!#R-!OW$!z!OW"!P),10<)5!$R!!,,@!H35!BO!0+)2!)51?!;2115;*'21)!*2!*35!OW"!01?!

OW$-!97*!*35!5G;'*0*2(,!'1:2(80*'21!0+/0,)!<(2=(5))5)!'1!215!?'(5;*'21@!

"#$%&'!Y)!J-3'5=!7&+#5!#//%0=&+='0!=4'!/-2+=#-5!-1!=4'!4#??-2+.?%0!8S;:!#5!$&+@6!3-&0+/!N'5=&+/!+C#0!+53!&-0=&+/!2+%3+/!+C#0>

P4'!&-0=&+/!4#??-2+.?%0!?'&1-&.0!2-$5#=#N'!1%52=#-506!=4'!2+%3+/!&'/+='0!=-!0=&'00!+53!'.-=#-50>!

W+*327=3!:2(!0!+21=!*'85!*35!3'<<2;08<7)!/0)!;21)'?5(5?!0)!0!71'*0(,!)*(7;*7(5!/'*3!12*!

:71;*'210+! ;28<0(*851*)-! '*! ')! 12/! ?'>'?5?! '1*2! *3(55! :71;*'210+! ;28<0(*851*)o! ?2()0+-!

'1*5(85?'0*5!01?!>51*(0+@!H35!?2()0+!3'<<2;08<7)!P0+)2!?5);('95?!0)!01*5('2(!3'<<2;08<7)!2(!

)5<*0+!<2+5R!<+0,) 0!;2=1'*'>5!01?!)<0*'0+!:71;*'21!/3'+5! *35!>51*(0+!N215!P0+)2!?5);('95?!0)!

<2)*5('2(!3'<<2;08<7)!2(!*58<2(0+!+295R!')!'1>2+>5?!'1!582*'21!01?!)*(5))!(5=7+0*'21@!J7+*'<+5!

)*7?'5)!30>5!)32/1!*30*!*35!?2()0+!01?!>51*(0+!3'<<2;08<7)!30>5!0!)<5;':';!!=515!5G<(5))'21!

<0**5(1-!01?!0+)2!92*3!;28<0(*851*)!30>5!?'::5(51*!'1<7*!01?!27*<7*!<0*3/0,) !,#*!,$ ()!*+&,#

<.@

Y5!0(5!=2'1=!*2!:2;7)!27(!0**51*'21!21!*35!EU-!*35!157(2=51';!1';35!'1!*35!3'<<2;08<7)@!

H35!EU!')!0!901010c)30<5?!)*(7;*7(5!2(=01'N5?!'1!*3(55!+0,5()o!82+5;7+0(-!=(017+0(!;5++!01?!0!

?55<!<2+,82(<3!+0,5(-!0+)2!;0++5?!*35!3'+7)@ W10*28';0++,!*35!EU!;01!95!?'>'?5?!'1*2!?2()0+!

01?!>51*(0+-!0)!/0)!?5);('95?!:2(!*35!3'<<2;08<7)!01?!0+)2!'1!)7<(0<,(08'?0+!9+0?5!P+2;0*5?!

95*/551!*35!OW$!01?!*35!OW"R!!01?!*35!2<<2)'*5!<2(*'21!;0++5?!*35!'1:(0<,(08'?0+!9+0?5-!92*3!

$h

9+0?5)!0(5!;2115;*5?!9,!*35!;(5)*!!#)@!O7((51*!?0*0!)7==5)*!*30*!*35!15/!157(21)!;21*'1727)+,!

=515(0*5?!'1!*35!EU!01?!'1;2(<2(0*5?!'1*2!5G')*'1=!;'(;7'*)!0(5!'1>2+>5?!'1!8582(,!51;2?'1=-!

<0**5(1!)5<0(0*'21!'1!)<0*'0+-!;21*5G*!01?!2?2( 8582('5)!!#!"!#&@!

"#$%&'!Z)!P4'!3'5=+='!$@&%0!A#=4#5!=4'!4#??-2+.?%0>!*-/'2%/+&!/+@'&!2-5=+#50!=4'!3'53&#='0!-1!$&+5%/'!2'//0>!!F='.!2'//!3#N#3'0!

.%/=#?/'!=#.'0!-&#$#5+='!'+&/@!.#=-=#2!5'%&-7/+0=06!=4+=!A#//!'C?+53!+53!$'5'&+='!#..+=%&'!5'%&-5!=4+=!.#$&+='!+53!#5='$&+='!

#5=-!=4'!$&+5%/+&!/+@'&>!F[V6!0%7$&+5%/+&!B-5'!/-2+='3!7'=A''5!=4'!4#??-2+.?+/!$&+5%/+&!/+@'&!+53!=4'!4#/%0!A4'&'!.+=%&'!

5'%&-50!0'53!=4'#&!?&-,'2=#-5!=-!#55'&N+='!-=4'&!?+&=0!-1!=4'!4#??-2+.?%06!=4'!;<R!?@&+.#3+/!/+@'&!&)">!!!!!!!!!!!!!!!!!!

H35!82+5;7+0(!+0,5(!PJIR!')!*35!27*5(82)*!+0,5(-!01?!')!(5+0*'>5!;5++!:(55!+0,5(@!.*!;28<(')5)!

*35! ?51?('*5)! 2:! *35! ?51*0*5! <('1;'<0+! ;5++)-! =(017+5! ;5++)-! 01?! <0*3! 0G21)! 0(')'1=! :(28! *35!

51*2(3'10+!;2(*5G@!W+)2-!*35(5!0(5!:'95() *30*!;285!:(28!+2;0+!'1*5(157(21)-!<(5)51*!'1!*35!2*35(!

+0,5()!2:!*35!EU!!#(@H35!)5;21?!+0,5(!')!*35!80'1!;5++!+0,5(!2:!*35!EU-!')!;28<2)5?!2:!?51)5+,!

<0;45?!=(017+5!;5++)!01?!')!;0++5?!=(017+0(!;5++!+0,5(!PUOIRn!*32)5!0(5!*35!<('1;'<0+!*,<5!2:!;5++!

'1!*35!?51*0*5!=,(7)@!H35)5!;5++)!30>5!0!;215c)30<5?!*(55!01?!0++!9(01;35) 2:!*35!?51?('*5)!0(5!

?'(5;*5?! *2/0(?)! *35!82+5;7+0(! +0,5(-!/35(5!82)*! 51?! 0*! *35! 3'<<2;08<0+! :'))7(5! 2(! 0*! *35!

>51*(';7+0(!)7(:0;5!!#)@!H35!0G21)!2:!=(017+5!;5++)!+50>5!*35!?51*0*5!=,(7)!*2!'115(>0*5!*35!OW$!

(711'1=!*3(27=3!*35!3'+7)@!&'10++,-!*35!3'+7)!')!+2;0*5?!)7960;51*!*2!*35!UOI 01?!5G*51?)!*2!*35!

92(?5(!2:!*35!?51?('*';!+0,5(!2:!OW$@!H35!82)),!;5++)!0(5!*35!<('1;'<0+!*,<5!2:!;5++!'1!*35!3'+7)-!

'1!(2?51*)!*35!0G21!2:!82)),!;5++)!+50>5)!*35!?51*0*5!=,(7)!2:!215!)'?5!2:!*35!9(0'1!!*2!'115(>0*5!

*35!?51*0*5!=,(7)!2:!*35!2*35(!)'?5!!#)@!

H35(5!')!0+)2!0!*3'1!901?!2:!;5++)!95*/551!*35!3'+7)!01?!*35!=(017+0(!;5++!+0,5(!'1!*35!EU!

;0++5?! *35! )79=(017+0(! N215! PXUZR-! /35(5! *35!aXO)! 0(5! +2;0*5?@! b)'1=! '887123')*2+2=,-!

0?7+*c92(1!157(21)!/5(5! '?51*':'5?!9,! +095++'1=! *35!?'>'?'1=!;5++)!/'*3!)<5;':';!80(45()! :2(!

! $"!

50;3! )*0=5! 2:! 157(210+! ?'::5(51*'0*'21! !#'@! D(2+':5(0*'1=! aDO)! '1! *35! XUZ! /5(5! *35! ;5++)!

?5);('95?!9,!S2)5<3!W+*801!'1!"f_\@!!

!

!

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

!

H35!aXO!'1!*35!XUZ!0(5!K7'5);51*!;5++)!;0++5?!*,<5!"!(0?'0+!=+'0c+'45!;5++)!PQUI)R!()!*+&,#

=.-!*35,!30>5!0!)'1=+5!<(2;5))!*30*!5G*51?)!*3(27=3!*35!UOI!01?!;21*0;*!9+22?!>5))5+)@!QUI)!

5G<(5))!U&WD-!15)*'1!01?!*35!*(01);('<*'21!:0;*2(!XLe#!!##@!H35!;7((51*!82?5+!<(2<2)5)!*30*!

*35!QUI)!0(5!0!35*5(2=51527)!<2<7+0*'21-!01?!*30*!*35!?'::5(51*!)79*,<5!(5)<21?!?'::5(51*!*2!

*35! )*'87+'!#$*!$)@! H35! (0*5! 2:! 157(2=515)')! ')! (5=7+0*5?! 9,! 01! '1?'>'?70+F)! 5G<5('51;5-!

80'1*0'1'1=!*35!<22+!2:!QUI)!01?!<(2?7;5!;5++)!*30*!95;285!0?7+*!157(21)@!H35!QUI)!=515(0*5!

*(01)'51*!08<+':,'1=!157(0+!<(2=51'*2(!;5++)!PaDOR!;0++5?!*35!*,<5!#!;5++)!*30*!30>5!*35!<2*51*'0+!

*2!?'::5(51*'0*5!'1*2!0)*(2;,*5)!2(!157(21)!!$!"!$&@!H,<5!#!;5++)!0(5!)80++!;5++)!/'*3!*01=51*'0+!

<(2;5))-!*35,!;01!95!?'>'?5?!'1!?'::5(51*!*,<5)!21!*35!90)')!2:!82(<32+2=,!01?!*35!5G<(5))'21!

2:!?'::5(51*!<(2*5'1)@!H,<5!#0!;5++)!0(5!U&WD{-!XLe#{!01?!15)*'1{!!$!-!*,<5!#9!5G<(5))!15)*'1-!

XLe#!01?!!?279+5;27(*'1!PEOeR!0!8';(2*797+5c0))2;'0*5?!<(2*5'1-!/3'+5!*,<5!$!5G<(5))!EOe!

01?!DXWcaOWJ!$%@!H35!*,<5!$!;5++)!5G<(5))!157(210+!80(45()!<(2=(5))'>5+,-!)7;3!0)!;0+(5*'1'1!

! $#!

POQR!01?!157(210+!17;+50(!01*'=51!Pa57aR!01?!95;085!80*7(5!157(21)!5G<(5))'1=!;0+9'1?'1!

/'*3!*35'(!?51?('*5)!01?!0G21)!()!*+&,#=.:!

.1!(2?51*)!?7('1=!*35!"0.!/554!0:*5(!9'(*3-!*35!15/c92(1!;5++)!?'::5(51*'0*5!01?!8'=(0*5!0!)32(*!

?')*01;5!'1*2!*35!'115(!=(017+0(!;5++!+0,5(!2:!*35!EU@!H35!#12!/554!0:*5(!9'(*3!*35!;5++)!95;285!

157(21)!/'*3!?51?('*5)!5G*51?'1=!*2!*35!82+5;7+0(!+0,5(!01?!0G21)!'1!*35!3'+7)@!E7('1=!*35!$32!

/554-!15/c!92(1!157(21)!)*0(*!*2!:2(8!0::5(51*!01?!5::5(51*!;2115;*'21)!/'*3!*35!+2;0+!157(210+!

15*/2(4@!W(271?!%v^!/554)!2:!0=5-!*35!15/c92(1!;5++)!5G3'9'*!)*(21=5(!),10<*';!<+0)*';'*,!01?!

*35,!0(5!(5=7+0*5?!9,!15*/2(4!0;*'>'*,!5109+5!*358!*2!;21*('97*5!'1!+50(1'1=!01?!8582(,!*351!

0*!`!/554)!*35,!95;285!'1?')*'1=7')309+5!:(28!*35!80*7(5!?51*0*5!=,(7)!=(017+5!;5++)!!$+*!$(@!

@:C:!&D0*(&*EE%"(.&*>3$(&-%3)#5%-%.,.&

.1! =515(0+-! 801,! '1*('1)';! 01?! 5G*('1)';! :0;*2()! )7;3! 0)! 9(0'1! '167(,-! )*(5))-! ?')50)5)-!

157(2'1:+0880*'21!01?!+':5)*,+5!:0;*2()!P<3,)';0+!5G5(;')5!2(!?'5*R!0::5;*!0?7+*!157(2=515)')!!$'"%))@!D0*'51*)!/'*3!50(+,!)*0=5)!2:!W+N35'85(F)!?')50)5!<(5)51*!0!)30(<!?5;(50)5!'1!*35!17895(!

2:!'880*7(5!EOe!157(21)-!01?!*35'(!80*7(0*'21!')!9+2;45?!0*!?'::5(51*!)*0=5)!2:!*35!?')50)5!,@!

B<'+5<),!')!012*35(!?')50)5!*30*!')!0+)2!+'145?!*2!0?7+*!157(2=515)')-!<(2+21=5?!)5'N7(5!0;*'>'*,!

+50?)! *2! 01! '1;(50)5! '1! ;5++! <(2+':5(0*'21! '1! *35! ?51*0*5! =,(7)-! 01?! /30*! 0<<50()! *2! 95! 01!

0;;5+5(0*'21!'1!*35!:71;*'210+!80*7(0*'21!01?!'1*5=(0*'21!2:!*32)5!15/c92(1!157(21)!'1*2!*35!

15*/2(4n! *35!?2/1)'?5! ')! *30*! *35!15/!157(21)!)32/!82(<32+2=';0+!0912(80+'*'5)!01?!0+)2!

*35(5!')!01!5;*2<';!8'=(0*'21!2:!)285!2:!*35!15/c92(1!157(21)!'1*2!*35!3'+7)!!%)!@!

E'5*!;01!0+)2!30>5!01!5::5;*!21!0?7+*!157(2=515)')@!Q0*)!:5?!/'*3!0!?'5*!3'=3!'1!:0*!01?!)7=0(!

:2(!)5>51!?0,)!30?!157(21)!/'*3!:5/5(!01?!*3'115(!?51?('*5)!01?!*35,!)32/!=+'0+!;5++!0;*'>0*'21!

?75!*2!'1:+0880*'21!'1!*35!9(0'1!%)%@!A,!;21*(0)*-!51(';35?!51>'(21851*!01?!<3,)';0+!5G5(;')5)!

'1;(50)5!*35!17895(!2:!157(0+!<(2=51'*2(!;5++)-!01?!30>5!)32/1!*35!'8<2(*01;5!2:!*35)5!15/c

92(1!;5++)!'1!+50(1'1=!01?!8582(,!%)&@!

H2!95!09+5!*2!)*7?,!*35!?'::5(51*!;301=5)!*30*!;27+?!0::5;*!0?7+*!157(2=515)')-!!"#$!%&'!01?!

!"# $!$'! 82?5+)! 30>5! 9551! 7)5?@! D'+N! ,%# 2>@! ! +095++5?! *35! 15/c92(1! ;5++)! 01?! /0*;35?! *35!

<(2=(5))'21!'1*2!0++!*35!)*0=5)!71*'+!*35,!='>5!(')5!*2!80*7(5!;5++)!'1!*35!EU!01?!*35,!)32/!*30*!

157(0+! )*58!01?!<(2=51'*2(!0))')*!0! +21=c)*01?'1=!3'<<2;08<0+!157(2=515)')!9,!<5(:2(8'1=!

+'8'*5?!(271?)!2:!),885*(';0+!01?!0),885*(';0+!?'>')'21!=515(0*5!0!3'=3!157(2=51';!0;*'>'*,!%)+@!b)'1=!!"#$!$'!82?5+)-!)5>5(0+!+09)!30>5!)32/1!32/!*35!?')(7<*'21!2:!0?7+*!157(2=515)')!

0::5;*)!+50(1'1=!%)(*%)'@!!

! $$!

W*!0!82+5;7+0(!+5>5+!Y1*-!a2*;3!01?!X33!)'=10+'1=!<0*3/0,)!0(5!'1>2+>5?!'1!*35!(5=7+0*'21!

2:!0?7+*!3'<<2;08<0+!157(2=515)')!0)!*35,!0(5!;(7;'0+!:2(!*35!80'1*5101;5-!<(2+':5(0*'21!01?!

?'::5(51*'0*'21! 2:! )*58! ;5++)! %),"%)$@! W! 9+2;40?5! 2:! Y1*! )'=10+'1=! '1?7;5! 0! (5?7;*'21! 2:!

157(2=515)')!!"#$!%&'!01?!092+')35)!157(2=515)')!!"#$!$'!%!)@!!W!)*7?,!)32/5?!*30*!0:*5(!a2*;3!

'8<0'(851*)!01!'1;(50)5!'1!?50?!<(2=51'*2(!;5++)!01?!15/+,!=515(0*5?!157(21)!/5(5!29)5(>5?!

)32/'1=! *35! '8<2(*01;5! 2:! a2*;3! <0*3/0,! '1! ;21*(2++'1=! ;5++! )7(>'>0+! %!!@! ! J2(52>5(-! 01!

2>5(5G<(5))'21!2:!X33!'1!0?7+*!(0*)!'1;(50)5?!;5++!)7(>'>0+!01?!<(2+':5(0*'21!2:!;5++)!'1!EU!%!%@!!

!

!

!

! !

! $%!

D"!0B*=6'3&4)8--8.3'&0

W)! (5:5((5?! *2! 95:2(5-! 157(2'1:+0880*'21! '1:+751;5)! 01?! 0+*5(5?! 0?7+*! 157(2=515)')! 01?!

'1?7;5?! ?5;(50)5)! '1! 0?7+*! 3'<<2;08<0+! 157(2=515)')@! [2/! OWQ! ')! 0::5;*5?! '1!

157(2'1:+0880*2(,!51>'(21851*)!01?!*35!/0,!'*!0;*)-!')!*35!)5;21?!:71?0851*0+!K75(,!/3';3!

;27+?!+50?!7)!*2!*35!:71;*'21!<5(:2(85?!*3(27=3!OWQ!'1!0?7+*!157(2=515)')@!

a57(2'1:+0880*'21!')!0!(5)<21)5!2:!*35!'110*5!'88715!),)*58!*30*!<5(*7(9)!32852)*0)')!%!&"

%!(@!.*!')!;07)5?!9,!*35!0;*'>0*'21!2:!'110*5!'88715!;5++)!'1!*35!OaX!8';(2=+'0!01?!0)*(2;,*5)@!

H35!2>5(0;*'>0*'21!2:!'88715!;5++)!01?!<(2?7;*'21!2:!<(2'1:+0880*2(,!)79)*01;5)!;01!+50?!*2!

0! (5?7;*'21! 2:! 157(210+! (5<0'(! 01?! 157(2<(2*5;*'21! ;21*('97*'1=! *2! 01! '1;(50)5! '1!

157(2?5=515(0*'21!01?!<2*51*'0++,!;5++!?50*3! %!'"%!#@! .1!0?7+*!3'<<2;08<7)!01! '1?7;*'21!01?!

51301;5851*! 2:! '1:+0880*2(,! ;,*24'15)! )7;3! 0)! .Ic"r-! .Ic^-! 01?! Ha&! 0<<50(! ?7('1=!

157(2'1:+0880*'21! (5+50)5?! 9,! 0;*'>0*5?! 8';(2=+'0! *30*! )558)! *2! 95! 0! 45,! <+0,5()!%!$@!

E5<51?'1=!21!*35!?7(0*'21!2:! *35!0;*'>0*'21!2:!=+'0+!;5++)! '1!(5)<21)5!*2!<0*32=51)-!;3(21';!

)*(5))-! *2G'1)! 01?! '167('5)-! 157(2'1:+0880*'21! ;01! 95! 9515:';'0+! 9,! <(2*5;*'1=! *35! OaX! 2(!

30(8:7+!9,!'13'9'*'1=!!157(2=515)')!?75!*2!*35!82+5;7+5)!)5;(5*5?!9,!*35!'88715!),)*58!*30*!

(5=7+0*5)!15=0*'>5+,!0?7+*!157(2=515)')!%%)*%%!@!

O3(21';!'1:+0880*'21!')!0!;07)0*'>5!:0;*2(!:2(!*35!<(2=(5))'21!2:!157(2?5=515(0*'>5!?')50)5)!

)7;3! 0)! W+N35'85(F)-! D0(4'1)21F)! 01?! [71*'1=*21F)! ?')50)5! 01?! ;21*('97*5! *2! ;2=1'*'>5!

'8<0'(851*!%%%*%%&@!.*!')!0!8062(!:0;*2(!0::5;*'1=!0?7+*!157(2=515)')@!D0*'51*)!/'*3!W+N35'85(F)!

?')50)5!<(5)51*!01!09)51;5!2:!<30=2;,*2)5! +50?'1=! *2!01!0;;787+0*'21!2:!08,+2'?c95*0!01?!

157(2?5=515(0*'21-! 0+)2! *35! 157(2'1:+0880*'21! '1! D0(4'1)21F)! ?')50)5! <0*'51*)! 0::5;*)! *35!

<(2?7;*'21!2:!?2<08'15!*30*!/'++!;07)5!+0*5(!0!?58,5+'10*'21!2:!157(21)%%+*%%(@!

O5(*0'1!'1:5;*'21)!;07)5?!9,!>'(7)5)-!90;*5('0-!:71='!;07)5!'1:+0880*'21!2:!*35!9(0'1!2(!*35!

*'))75! +0,5(! *30*! 0;*'>0*5)! 0! (0*35(! ;28<+5*5+,! ?'::5(51*! <0*3/0,! *30*! 51?)! 7<! '1!

157(2'1:+0880*'21@! A(0'1! *(0780! ;01! *('==5(! *35! ;3(21';! (5<0'(! 85;301')8@! W;*'>0*'21! 2:!

*32)5!<0*3/0,)!/0(1)!*35!),)*58!01?!*('==5()!01!'1:+0880*2(,!(5)<21)5@!L1;5!*35!'88715!

),)*58! ')! 30(85?-! '*! 58'*)! <(2'1:+0880*2(,! ;,*24'15)-! ;2((5)<21?'1=! *2! .+c"r-!/3';3!80,!

5G0;5(90*5! '8<0;*! ?080=5! 01?!/'++! +50?! *2! 15;(29'2)')! 01?!EaW! :(0=851*0*'21-! ?5;(50)5!

3'<<2;08<0+!157(2=515)')!01?!<(282*5!?5<(5))'>5c+'45!9530>'2()!'1!8';5!01?!(0*)%%!*%%'*%%,@!W1!

2>5(c5G<(5))'21!2:!.Ic"r!'1!*35!EU!(5?7;5?!'880*7(5!=(017+5!;5++!+5>5+)!&)-!*30*!/0)!0+)2!:271?!

'1!0!37801!3'<<2;08<0+!<(2=51'*2(!;5++!+'15!%%#@!X'8'+0(+,-!0!;3(21';!.Ic"r!(5+50)5!'8<0'()!*35!

;28<+5G'*,!2:!157('*5)!2:! '880*7(5!15/c92(1!157(21)!2:!0?7+*!80+5!(0*)-!01?!*3')!(5=7+0*5)!

! $\!

<(2+':5(0*'21!01?!?'::5(51*'0*'21!2:!aDO)!%%$*%&)@!&7(*35(82(5-!*35!17895(!2:!'880*7(5!15/c

92(1!157(21)!'1!*35!3'<<2;08<7)!?5;(50)5?!0:*5(!.Ic"r!'1:7)'21!'1*2!*35!?2()0+!3'<<2;08<7)!

2:!8';5!%%'@!

H35!5G*(0!(5+50)5!2:!Ha&!01?!<(2c'1:+0880*2(,!;,*24'15)!/'++!=515(0++,!?')(7<*!*35!90(('5(!

01?!?5;(50)5!'*)!09'+'*,!*2!0;*!0)!0!9(0'1!;30115+!01?!?5:51?!'*!:(28!*2G'1)!*30*!51*5(!>'0!*35!

9+22?@!H35!9(0'1!9+22?!90(('5(! ')!;28<2)5?!2:!51?2*35+'0+! ;5++)!01?!0)*(2;,*5)-! *30*! :2(8!0!

<3,)';0+! 90(('5(! 95*/551! *35! 9+22?! :+2/! 01?! 0+)2! *35! 9(0'1@! H35! ;28<271?)! '1! 0)*(2;,*5)!

(5=7+0*5!*35!<0))0=5!2:!*35!90(('5(-!32/5>5(!21;5!'167(,-!*35!90(('5(!')!?5)*(2,5?-!'1:+';*'1=!01!

2>5()'N5?! K701*'*,! 2:! H|A! ;5++)! 01?! 80;(2<30=5)! *2! :+2/! '1*2! *35! 9(0'1-! (5)7+*'1=! '1!

157(2'1:+0880*'21@!!

W='1=!0+)2!;01!+50?)!*2!157(2'1:+0880*'21-!0!)*7?,!)32/1!3'=3!+5>5+)!2:!<(2c'1:+0880*2(,!

;,*24'15)! 01?! 0;*'>0*5?! 8';(2=+'0! '1! 350+*3,! 0='1=! 9(0'1)! +50?'1=! *2! 0! ;3(21';!

'1:+0880*'21%%+*%%(@!!

F:;:!&G,")#5$,*&*->&A.()#"H(%&

J';(2=+'0!:(28!8';(2!P)80++R!01?!=+'0!P=+75R!0(5!*35!(5)'?51*!80;(2<30=5)!'1!*35!9(0'1-!*35!

'88715! ;5++)! *30*! (5)<21?! *2! <0*32=51)! 01?! ?080=5@! J';(2=+'0! <+0,! 0! 45,! (2+5! '1! *35!

2;;7((51;5!01?!<(2=(5))'21!2:!157(2'1:+0880*'21!%&!@!H35!80'1!(2+5!2:!8';(2=+'0!'1!*35!9(0'1!

')!*2!5+'8'10*5!*2G';!80*5('0+)@!L1;5!0;*'>0*5?-!*35,!8'=(0*5!*2!*35!+5)'21!01?!(582>5!*35!?59(')!

2:! *35! ;5++)-! 01?! (5;(7'*! 0??'*'210+! 8';(2=+'0! *2! *35! )'*5! %&%*%&&@! &7(*35(82(5-! 8';(2=+'0!

<0(*';'<0*5! '1! 82?7+0*'1=! 0?7+*c92(1! 157(21)! 0)! /5++! 0)! 80*7(5! =(017+5! ;5++! ;2115;*'>'*,!

<+0,'1=!01!5))51*'0+!(2+5!'1!0?7+*!157(2=515)')!%&+@!!J';(2=+'0!0+)2!5)*09+')3!;+2)5!;21*0;*)!/'*3!

0++!*35!;5++)!*30*!*35,!0(5!'1>2+>5?!'1!*35!=515(0*'21!2:!15/!157(21)-!:(28!aXO)!*2!157(29+0)*)!

01?!0?7+*c92(1!157(21)!*358)5+>5)!%&(@!W?7+*!15/c92(1!157(21)!0(5!(5=7+0*5?!9,!8';(2=+'0!01?!

0)*(2;,*5)!%&'"%&$!01?!8';(2=+'0!5+'8'10*5)!0<2<*2*';!0?7+*!0?7+*c92(1!157(21)!01?!157(29+0)*)!

*3(27=3!<30=2;,*2)')!%&(@!Y3'+5!8';(2=+'0+!0;*'>0*'21!')!15;5))0(,!01?!;('*';0+!:2(!32)*!?5:51)5-!

5G;5))'>5! 2(! <(2+21=5?! 0;*'>0*'21! 2:!8';(2=+'0! +50?)! *2! 157(210+! ?50*3! 01?! 01! '1;(50)5! '1!

<(2'1:+0880*2(,!;,*24'15)-!5)<5;'0++,!'1!*35!3'<<2;08<7)-!157(29530>'2(0+!;28<+';0*'21)!01?!

;2=1'*'>5!?5:';'*)!),10<*';!(582?5+'1=!157(2?5=515(0*'21!'1>2+>'1=!(5/0(?c<(2;5))'1=!;51*5()!

/'*3'1!*35!9(0'1-!(5)589+'1=!*35!3,<2*30+087)-!08,=?0+0-!01?!3'<<2;08<7)!%+)@!!

W)*(2;,*5)!0(5!)*0(c)30<5?!;5++-!01?!0(5!*35!82)*!1785(27)!;5++)!'1!*35!OaX!01?!<(2*5;*!'*!

:(28!?080=5!01?!(5<0'(!*35!15(>27)!*'))75!01?!*35,!0(5!*35!)7<<2(*!;5++)!:2(!157(21)@!BG*51)'>5!

! $^!

U&WD!5G<(5))'21!(5:+5;*)!*35!(50;*'>'*,!2:!0)*(2;,*5)!%+!*%+%@![2/5>5(-!0)!851*'215?!<(5>'27)+,-!

U&WD!5G<(5))'21!'1!0?7+*!9(0'1!'1!)<5;':';!(5='21!/35(5!157(2=515)')!2;;7()!80(4!<(2=51'*2(!

;5++)@!H35!<(2=51'*2(!;5++)!?'::5(!:(28!0)*(2;,*5)!9,!*35!5G<(5))'21!2:!15)*'1!01?!>'851*'1!01?!

*35,! 45<*! *35! 87+*'<2*51*! 157(0+! <(2=51'*2(! <2*51*'0+! %+&! /3'+5! *35! 0)*(2;,*5)! ?'::5(51*'0*5!

<+0,'1=! 0! )<5;'0+! (2+5! '1! 157(2'1:+0880*'21-! 5)<5;'0++,! *2! .Ic"β-! 9,! )5;(5*'1=! 157(2*(2<3';!

:0;*2()! )7;3! 0)!HU&cβ! *2! :0;'+'*0*5! )7(>'>0+! 2:! *35!157(21)!9,! (5=7+0*'1=! (58,5+'10*'21! 01?!

51301;5851*!2:!*35!5G*(0;5++7+0(!80*('G!%++@!L1;5!*35!0)*(2;,*5)!0(5!0;*'>0*5?!*35!82(<32+2=,!

2:!*35!;5++)!;301=5)!01?!95;285!3,<5(*(2<3'5?!09+5!*2!)5;(5*5!<(2c'1:+0880*2(,!;,*24'15)!%+(@!

W+)2-! 0! )*7?,! )32/5?! *30*! 0)*(2;,*5)! 51)7(5! <(2<5(! :71;*'21'1=! 2:! ),10<)5)! 01?!

157(2*(01)8'))'21!2:!0;*'21!<2*51*'0+)!%+'@!!

F:8:!&/*3.%.&#E&-%3)#,-E$*11*(,#-&

a57(2'1:+0880*'21!')!*35!8062(!:0;*2(!0::5;*'1=!0?7+*!157(2=515)')@!E'::5(51*!5G*('1)';!2(!

'1*('1)';! :0;*2()! +50?)! *2! 157(2'1:+0880*'21@!IDX-! 0! ;5++c/0++! ;28<2151*! 2:! =(08c15=0*'>5!

90;*5('0-! ')! 0! H2++c+'45! (5;5<*2(! %! PHIQc%R! +'=01?-! 01?! ;01! 0;*'>0*5! +21=c?')*01;5! '88715!

(5)<21)5)!%+,@!L1;5!<(5)51*-!IDX!0;*'>0*5)!8';(2=+'0!01?!<(2?7;5!<(2'1:+0880*2(,!;,*24'15)!

*30*!85?'0*5!157(2'1:+0880*'21!'1!*35!OaX-!01?!0**5170*5)!0?7+*!3'<<2;08<0+!157(2=515)')!'1!

(2?51*)!%%)*%%!*%+#"%()@!&7(*35(82(5-!*35!+51=*3!2:!*35!?51?('*5)!01?!*35!?51)'*,!2:!<2)*),10<*';!

;+7)*5(!2:!'880*7(5!15/c92(1!=(017+5!;5++)!'1!8';5!3'<<2;08<7)!/5(5!(5?7;5)!0:*5(!0!;3(21';!

IDX!'165;*'21!%(!@!X'8'+0(+,-!0:*5(!.&a!'165;*'21-!/3';3!0+*5()!3'<<2;08<0+!;5++!<(2+':5(0*'21-!

)7(>'>0+!01?!157(210+!?'::5(51*'0*'21!%(%"%(+!'1!92*3!(0*)!01?!8';5@!!

X5>5(0+!)*7?'5)!)32/5?!*30*!IDX!:(28!*35!<5('<35(,!')!;0<09+5!2:!)*'87+0*'1=!*35!),1*35)')!

2:! ;,*24'15)!9,!8';(2=+'0! %((*%('-! 01?! '*! '1?7;5)! ;2=1'*'>5! '8<0'(851*)! 01?! 0::5;*)! 9530>'2(!

)'8'+0(!*2!),8<*28)!2:!157(2?5=515(0*'>5!?')50)5)!(*(&*%(,@!

$_

"#$%&'!\)!T'%&-#51/+..+=#-5>!<0=&-2@='0!+53!.#2&-$/#+!+&'!+2=#N+='3!+53!0'2&'=!?&-D#51/+..+=-&@!'/'.'5=0!82@=-E#5'0:>!<!

4#$4! 'C?&'00#-5! -1! ?&-D#51/+..+=-&@! '/'.'5=0! +11'2=0! =4'! 5'%&-50! +53! =&#$$'&! 5'%&-5+/! 3'+=4! 3%'! =-! #51/+..+=-&@!

'5N#&-5.'5=0!84#$4!1+=!3#'=!+53!]OF:!!'%)>

W!<(5>'27)!)*7?,!'1!*35!C(585(!+09!)32/5?!*30*!*35!'1!>'>2!'165;*'21!2:!IDX!'1!/'+?!*,<5!

8';5!?5;(50)5?!OWQ!+5>5+)!'1!*35!EU@!.[O!010+,)')!)32/5?!*30*!OWQ!/0)!)*('4'1=+,!09)51*!

:(28!*35!)280!01?!157('*5)!2:!;5++)!'1!*35!XUZ!2:!*35!EU!01?!'1!82)),!:'95()-!/35(50)!DXWc

aOWJ!)*0'1'1=!/0)!710::5;*5?!01?!OWQ!8QaW!2(!<(2*5'1!+5>5+)!/0)!12*!0::5;*5?-!;21)')*51*!

/'*3!0!<2)**(01)+0*'210+!OWQ!+2))@!H3')!(5)7+*!?5821)*(0*5)!*30*!IDX!0::5;*)!OWQ!+5>5+)!'1!*35!

9(0'1!?75!*2!),)*58';!'1:+0880*'21@!W+)2-!Ha&!01?!.a&ct!*(50*851*!OWQ!+5>5+)!)'=1':';01*+,!

?5;(50)5!'1!<('80(,!87('15!aDO)!01?!'880*7(5!3'<<2;08<0+!157(21)!'1!0!Ha&p.a&ct!?2)5c

?5<51?51*!(5)<21)5!!"#$!%&' (@

.1!<0*'51*)!/'*3!W+N35'85(F)!?')50)5-!/5!?5*5;*5?!0!)'=1':';01*!?5;(50)5!'1!OWQ!+5>5+)!'1!

9(0'1!5G*(0;*)@!W+)2-!OWQ!+5>5+)!/5(5!+2/5(!'1!*35!EU!15/c92(1!157(21)!82)),!:'95()-!01?!'1!

0G21)! <(265;*'1=! :(28! *35! 51*2(3'10+! ;2(*5G-! 0! (5='21! <0(*';7+0(+,! 0::5;*5?! '1! W+N35'85(F)!

?')50)5-!'1!*('<+5!*(01)=51';!W+N35'85(F)!?')50)5!8';5!)7==5)*'1=!*30*!OWQ!')!0::5;*5?p'1>2+>5?!

'1! ?')2(?5()! /35(5! ;3(21';! '1:+0880*'21-! '8<0'(5?! 0?7+*! 157(2=515)')-! 01?! ),10<)5!

32852)*0)')!0(5!:271?(@

A0)5?!21!1785(27)!)*7?'5)-!?'5*!80,!0+)2!95!0!:0;*2(!*30*!;01!'1?7;5!157(2'1:+0880*'21-!

'1:+751;5! 0?7+*! 157(2=515)')-! 01?! 82?7+0*5! ;2=1'*'>5! <5(:2(801;5! 01?! 822?! ?')2(?5()-!

?5<51?)!21!*35!*,<5!2:!?'5*!01?!*35!?7(0*'21!2:!*35!?'5*@!W!?'5*!3'=3!'1!:0*!'1;(50)5?!*35!(')4!2:!

;2=1'*'>5!?')2(?5()! +'45!W+N35'85(F)!?')50)5!01?! '1?7;5?! *35!0;*'>0*'21!2:!8';(2=+'0!?75! *2!

! $`!

'1:+0880*'21!*30*!')!0))2;'0*5?!/'*3!0!(5?7;*'21!'1!*35!17895(!2:!?51?('*5)!01?!)<'15)!'1!*35!

EU@!W1! !"#$!$'! )*7?,!21!(0*)! *30*!/5(5!;30++51=5?!/'*3!0!3'=3c:0*!?'5*-! )32/5?!)32(*5(!01?!

*3'115(!?51?('*5)-!01?!:5/5(!),10<)5)!0::5;*'1=!157(210+!;28871';0*'21-!*35!:2(80*'21!2:!15/!

8582('5)!01?!*35!*(01)8'))'21!2:!*35!'1:2(80*'21@!W!?'5*!3'=3!'1!:0*!01?!)7=0(!;07)5)!0!8582(,!

+2))!01?!+50(1'1=!<(29+58)!()!*+&,#?.!%)%@!

O787+0*'>5!5>'?51;5!'1?';0*5!*30*!0!3'=3c:0*!?'5*!?5;(50)5)!3'<<2;08<7)!>2+785-!'8<0'()!

;2=1'*'>5! :50*7(5! /3';3! '1;+7?5! 8582(,-! <),;3282*2(! 5::';'51;,-! '1*5(5)*! '1! 2*35()! 01?!

'8<2(*01*+,-!/'++!'1;(50)5!*35!>7+15(09'+'*,!*2!?5)<0'(!01?!01G'5*,!('*%($@!.1!0??'*'21-!0!)*7?,!21!

(0*!<7<)!<5('10*0++,!5G<2)5?!*2![&E!<(5)51*!01G'5*,!(5+0*5?!9530>'2(0+!(5)<21)5)!(5+0*5?!*2!

'8<0'(851*! 2:! (5;2=1'*'21! 8582(,! '1! *35! 12>5+! 2965;*! (5;2=1'*'21! *5)*! %')@.1! 0?7+*! EU!

'1:+0880*2(,!<(2;5))5)!0(5! '1?7;5?!?75! *2!?'5*! (';3! '1!515(=,!%'!! *30*!/'++! '1?7;5! '8<0'(5?!

157(2=515)')!01?!;2=1'*'>5!:71;*'21)!%'%@!!

Q29')21!5*!0+@!:5?!215!=(27<!/'*3!12(80+!?'5*!01?!012*35(!=(27<!2:!8';5!0!3'=3!:0*!?'5*@!!H35!

8';5!=0'15?!/5'=3*!01?!<(5)51*!0!3'=3!9+22?!)7=0(!;07)5?!9,![&E!:2(!92*3!80+5!01?!:580+5!

8';5@![2/5>5(-!80+5!8';5!/'*3![&E!30?!*35!)085!17895(!2:!15/c92(1!157(21)!;28<0(5?!*2!

;21*(2+!8';5!/3'+5!:580+5!8';5!<(5)51*5?!'8<0'(5?!157(2=515)')!'1!*35!3'<<2;08<7)!/'*3!+5))!

15/c92(1!157(21)!01?!?5>5+2<'1=!157(21)!;28<0(5?!*2!;21*(2+!8';5@!H35![&E!'1!*3')!)*7?,!

+'8'*)!*35!9'(*3!01?!=(2/*3!2:!15/!157(21)!'1!0?7+*!:580+5!%'&@!

H0451! *2=5*35(-! *35! )*7?'5)! )2! :0(! 30>5! )32/1! *30*! 157(2=515)')! '1! *35! 3'<<2;08<7)! ')!

'1:+751;5?!9,!'1*('1)';!01?!5G*('1)';!:0;*2()@!H35!K75)*'21!/5!0'85?!*2!0??(5))-!')!*2!)55!*35!

5::5;*!2:!*35!?'5*!21!OWQ!+5>5+)!'1!*35!9(0'1!?75!*2!'1:+0880*'21!'8<0;*)!0?7+*!157(2=515)')@!

! !

! $f!

E"! #3-/08&+0'5F*$.37*/G0

a785(27)! 82+5;7+0(! 01?! ;5++7+0(! <0*3/0,)! 0(5! '1>2+>5?! '1! *35! 5::';'51*! =515(0*'21-!

8'=(0*'21-!01?!'1*5=(0*'21!2:!<2)*10*0+!15/c92(1!157(21)!'1*2!157(0+!;'(;7'*)@!L:!*35!<(2*5'1)!

'1>2+>5?! '1! *35)5! <0*3/0,)-! OWJ)! 0(5! '8<+';0*5?! '1! )*58! ;5++! )*0*7)-! 157(210+!8'=(0*'21-!

'1*5=(0*'21! 01?! ),10<*';! :71;*'21@! OWQ! ')! 215! OWJ! *30*! <+0,)! 01! 5))51*'0+! (2+5! '1! *35!

80'1*5101;5!2:!*'=3*!671;*'21)!01?!')!*0(=5*5?!*2!*35!)280!157(0+!<(5;7()2(!;5++)!01?!'1!15/c

92(1!157(21)-!/3'+5!(5?')*('97*5?!*2!<(265;*'21!21!80*7(5!157(21)@!

Y5!0(5!'1*5(5)*5?!21!*35!5G<(5))'21!2:!OWQ!'1!0?7+*!9(0'1-!5)<5;'0++,!'1!*35!?51*0*5!=,(7)-!

/35(5! 0?7+*! 157(2=515)')! 2;;7()-! 01?! *2! ?5*5(8'15! 32/! *35! ?,)(5=7+0*'21! 2:! OWQ! ?75! *2!

157(2'1:+0880*'21!0::5;*)!*35!:2(80*'21!2:!15/c92(1!157(21)!'1!0?7+*!9(0'1@!

Y5!0+)2!/01*!*2!71?5()*01?!/351-!/35(5-!01?!32/!OWQ!')!'8<+';0*5?!'1!80*7(0*'21!01?!

:2(80*'21!2:!157(0+!*795!'1!>'*(2!7)'1=!'DXO)@!

H35(5:2(5-!*35!<(5)51*!/2(4!30)!$!80'1!0'8)o!

"@! X*7?,!*35!5G<(5))'21!2:!OWQ!'1!0?7+*!8';5!9(0'1)-!01?!'*)!;2c+2;0+'N0*'21!/'*3!)5>5(0+!

80(45()! '1?';0*'1=!*35!<(5)51;5!2:!OWQ!'1*2!0?7+*!157(2=515)')!(5='21)!2:! *35!9(0'1!

+'45!XVZ-!XUZ!01?!*35!3,<2*30+087)@!

#@! X*7?,!*35!5G<(5))'21!2:!OWQ!'1!'DX;c?5('>5?!(2)5**5)!*35!?'::5(51*'0*5?!)*0=5!2:!157(0+!

*795!:2(80*'21!'1!>'*(2!7)'1=!OQ.XDQ!CL!9,!('9217;+52:5;*'21@!

$@! BG<+2('1=!*35!?'(5;*!01?!'1?'(5;*!:71;*'21!2:!OWQ!?7('1=!0?7+*!157(2=515)')!'1!350+*3,!

01?!'1:+0880*2(,!51>'(21851*)!P[&E!01?!IDXR!'1!>'>2-!*2!)55!32/!OWQ!?,)(5=7+0*'21!

0::5;*)!0?7+*!157(2=515)')!'1!0?7+*!8';5@!

!

! !

! %h!

!

! !

!"#$%&'(2*(3#%&'1#45(#,.(3&%"-.5(

!

%"

!H" I8.*638)/08&+0I*.@'+/

;I:;: /%$$&"3$(3)%

Y'+?! *,<5! 37801! 'DXO)! ?5('>5?! :(28! :'9(29+0)*!/5(5! =(2/1! '1!8H5XQ!<+7)! PX*58O5++!

H5;312+2='5)-! h\`#\R@! H35! 'DXO)! 7)5?! '1! *35! <(5)51*!8017);('<*!/5(5! 29*0'15?! :(28! )4'1!

9'2<)'5)! ?5);('95?! '1! %'+@ H35! <+0*5)! /5(5! ;20*5?! /'*3! ?'+7*5?! V'*(215;*'1! e&! PX*58O5++!

H5;312+2='5)-! h_"`hR! <(5<0(5?! '1! O5++W?35(5! E'+7*'21! A7::5(! PX*58O5++! H5;312+2='5)-!

h_"`$R@! H35! ;5++)!/5(5! <0))5?! 21;5! ;21:+751*! 7)'1=! =51*+5! ?'))2;'0*'21! (50=51*! PX*58O5++!

H5;312+2='5)-!h_"_%R *2!29*0'1!;5++!0==(5=0*5)!95*/551!\h 01?!#hh!78@!H35!;5++!0==(5=0*5)!

/5(5!<+0*5?!0*!*35!?5)'(5?!?51)'*, P"o#hR 21*2!;20*5?!/5++)!;21*0'1'1=!8H5XQ!D+7)!0*!$_}O!'1!

01!0*82)<35(5!;21*0'1'1=!\q!L% 01?!\q!OL%@

H2!29*0'1!*35!589(,2'?!92?'5) PBA)R *35!)'1=+5!;5++)!)7)<51)'21!'DXO)!/5(5!<+01*5?!'1*2!01!

W==(5Y5++HJ`hh!#%c/5++!<+0*5!PX*58O5++!H5;312+2='5)-!$%`""R-!0!*2*0+!2:!$!G!"h' ;5++)!<5(!

#%c/5++!/5(5!;7+*7(5?! '1!XHBJ?'::HJ!a57(0+! .1?7;*'21!J5?'78!PX*58O5++!H5;312+2='5)-!

h`\`"R! )7<<+5851*5?! /'*3! XHBJ?'::~! XJWE'! a57(0+! .1?7;*'21! X7<<+5851*! PX*58O5++!

H5;312+2='5)-!h`\`"R-!/3';3!?'(5;*)!?'::5(51*'0*'21!9+2;4'1=!HU&crpAJDc?5<51?51*!XJWE!

)'=10+'1=%'(!!0*!$_}O!'1!01!0*82)<35(5!;21*0'1'1=!\q!OL%@!&2(!*35!:'()*!#%!327()!*35!85?'0!

/0)!)7<<+5851*5?!0+)2!/'*3!]c#_^$#!PO0*0+2= _#$h`R@ [0+:!2:! *35!85?'0! '1!50;3!/5++!/0)!

;301=5!?0'+,!01?!0:*5(!:'>5!?0,)!*35!BA) /5(5!(5<+0*5?!21!;2>5()+'<)!<(5;20*5?!/'*3!<2+,cIc

2(1'*3'15!PDILR!PX'=80!D%f\_R :'10+!;21;51*(0*'21!"\!7=p8I!01?!+08'1'1!PX'=80!I#h#hR!:'10+!

;21;51*(0*'21!"h!7=p8I-!'1!#%c/5++!<+0*5)!01?!'1;790*5?!0*!$_}O!'1!01!0*82)<35(5!;21*0'1'1=!

\q!OL%*47)'1=!*35!)085!85?'0!XHBJ?'::HJ!a57(0+!.1?7;*'21!J5?'78-!)7<<+5851*5?!/'*3!

XHBJ?'::~!XJWE' a57(0+!.1?7;*'21!X7<<+5851*@ H35!BA)!/5(5!45<*!71?5(!*32)5!;21?'*'21)!

01?!/'*3!0!?0'+,!:7++!85?'78!;301=5 :2(!"!?0,!2(!\!?0,) P@!*+&,#-R@!

"#$%&' ()! M#11'&'5=!0=+$'0!-1!#OF2!2%/=%&'>!#OF2!

A#//!$#N'!&#0'!=-!K^0!$&-A5!#5!+$$&'A'//*+_``6!

=4+=!A#//!3#11'&'5=#+='!+1='&!Y -& (` 3+@0!#5=-!

&-0'=='0!%0#5$!FPK*3#11*+ T'%&+/!#53%2=#-5!

.'3#%.!a!F*<M9>

%#

;I:8: /%$$&E,<*(,#-

J5?'0!/0)!0)<'(0*5?!:(28!*35!/5++)!P'DXO)!01?!(2)5**5)!0*!?0,!^ 01?!"hR-!*351!*35!;5++)!/5(5!

/0)35?! */2! *'85)!/'*3! <32)<30*5! 97::5(! )0+'15! PDAXR! 01?! :'G5?!/'*3! %q! :(5)3+,! <(5<0(5?!

<0(0:2(80+?53,?5!PD&WR!PB+5;*(21!J';(2);2<,!X;'51;5)-!"\_"%R!?'+7*5?!'1!DAX!:2(!$h!8'1!0*!

(228!*58<5(0*7(5@!H35!;5++)!/5(5!/0)35?!0:*5(!*35!:'G0*'21!*3(55!*'85)!/'*3!DAX!01?!45<* 0*!

%}O@!!

;I:C: A-,1*$.&*->&%<6%),1%-(*$&>%.,5-

W1'80+! 301?+'1=! /0)! ;21?7;*5?! '1! 0;;2(?01;5! /'*3! *35! B7(2<501! O271;'+! ?'(5;*'>5!

P#h"hp^$pBbR!0)!/5++!0)!'1!0=(55851*!/'*3!*35!X2;'5*,!:2(!a57(2);'51;5!D2+';,!21!*35!b)5!2:!

W1'80+)! '1! a57(2);'51;5! Q5)50(;3@! H35! 5G<5('851*0+! ?5)'=1! /0)! 0<<(2>5?! 9,! *35! B*3';0+!

O288'**55!:2(!W1'80+!H5)*'1=!O28'*M!QM='210+!I01=75?2;cQ27))'++21@!W!*2*0+!2:!\$ O\_A+p^S

01?!\!O\_A+p^a!8';5!95*/551!%!01?!"#!/554)!2+?!/5(5!7)5?!'1!*35!<(5)51*!)*7?,@!H35!=(27<)!

/5(5!2(=01'N5?!0)!:2++2/) P@!*+&,#4Ro!0!)*01?0(?!?'5*!=(27<!PXEn!1�!^!:580+5)!01?!^!80+5)R-!0!

3'=3c:0*!?'5*!=(27<!P[&En!1�^!:580+5)!01?!^!80+5)R-!0!3'=3c:0*!?'5*{!+'<2<2+,)0;;30('?5!=(27<!

P[&E{IDXn!1�^!:580+5)!01?!#!80+5)R-!01?!0!+0)*!=(27<!/'*3!+'<2<2+,)0;;30('?5!'165;*'21!PIDXn!

1�!` :580+5)!01?!`!80+5)R@ H35!01'80+)!/5(5!:55?!/'*3!)*01?0(?!?'5*!PXER!2(!3'=3!:0*!?'5*!

P[&ER!PH5)*!E'5*-!E"#%\"R!/'*3!23#>!A!%+B 0;;5))!*2!:22?!01?!/0*5(@!H35!01'80+)!'165;*5?!/'*3!

IDX!(5;5'>5?!215!'1*(0<5('*2150+!'165;*'21!2:!$!8=pC=!IDX!PX'=80!I#``hR@!W1'80+)!/5(5!45<*!

71?5(!?0'+,!821'*2('1=!01?!/5'=3*5?!21;5!0!/554@!L1!*35!2*35(!301?- /5!30>5!*/2!=(27<)!2:!

\!O\_A+p^S 01?!\!O\_A+p^a!01'80+)!*30*!/5(5!7)5?!:2(!*35!)*7?,!2:!OWQ!5G<(5))'21!'1!*35!

9(0'1-!/5(5!:55?!/'*3!XE!/'*3!23#>!A!%+B 0;;5))!*2!:22?!01?!/0*5(@

"#$%&'! I)! P#.'/#5'! -1! =4'! 'C?'&#.'5=>!

*+/'!+53! 1'.+/'!.#2'!A'&'!?/+2'3!-5!

FM6!S"M6!S"Ma]OF!+53! ]OF!+=! U!A''E0!

-/3>! <1='&! _! A''E0! -1! 3#'=6! .#2'! #5!

S"Ma]OF! +53! ]OF! A'&'! #5,'2='3! A#=4!

]OF6! -5'! A''E! +1='&! .#2'! A'&'

0+2&#1#2'36! =#00%'! 2-//'2=#-5! A+0!

?'&1-&.'3!7@!2+&3#+2!?'&1%0#-5!8;O:6!-&!

05+?!1&-B'5!8F":>

! %$!

;I:J:!K,..3%&"#$$%"(,#-&*->&6)%6*)*(,#-&

J';5!/5(5!?55<+,!015)*35*'N5?!/'*3!01!2>5(?2)5!2:!45*08'15pG,+0N'15!01?!*351!<5(:7)5?!

*(01);0(?'0++,!/'*3!\h!8+!2:!h@fq!)0+'15!'885?'0*5+,!:2++2/5?!9,!\h!8I!2:!%q!D&W!?'))2+>5?!

'1!<32)<30*5!97::5(!PDAR!h@"!J-!<[!_@%@!A(0'1)!/5(5!*351!?'))5;*5?-!<2)*c:'G5?!2>5(1'=3*!0*!

%}O!'1!%q!D&W-!0:*5(/0(?)!*35!9(0'1)!/5(5!/0)35?!01?!;(,2<(2*5;*5?!'1!0!)2+7*'21!2:!$hq!

)7;(2)5! <(5<0(5?! '1! DA! h@"Jn! 21;5! ;(,2<(2*5;*5?! *35,! /5(5! :(2N51! '1! '1! H'))75! &(55N'1=!

J5?'78�!2<*'878!;7**'1=!*58<5(0*7(5!PL@O@H@R!PJ';(28J';(2*5;3-!H&Jc\R!!01?!)*2(5?!0*!c

`h}O@!LOH!9+2;4)!/5(5!;7*!'1!)5('0+!;2(210+-!)0='**0+!2(!32('N21*0+!)5;*'21)!P$\!�8!*3';4R!7)'1=!

0!;(,2)*0*-!)+';5)!/5(5!)*2(5?!'1!;(,2<(2*5;*01*!P$hq!5*3,+515!=+,;2+!01?!#\q!=+,;5(2+!'1!DAXR!

0*!�`h�O!71*'+!<(2;5))'1=!:2(!'88712)*0'1'1=@!

;I:L:!M113-#0,.(#"0%1,.()H&*->&,113-#E$3#)%."%-"%&,-&(,..3%&&

X5;*'21)!/5(5!/0)35?!/'*3!H(')! 97::5(! )0+'15!/'*3! h@"q!H('*21! PHAXHR! :2++2/5?!9,! 01!

'1;790*'21!'1!0!)2+7*'21!;21*0'1'1=![%L%!$q!*2!9+2;4!*35!51?2=5127)!<5(2G'?0)5n!0:*5(!/0)3'1=!

/'*3!HAXH!*35!)5;*'21)!/5(5!'1;790*5?!/'*3!0!9+2;4'1=!)2+7*'21!;21*0'1'1=!h@h\q!2:!=5+0*'1!

:(28!;2+?!:')3!/0*5(!)4'1!PX'=80!U_h%"R-!h@"q!92>'15!)5(78!0+978'1!PAXW-!X'=80-!W#"\$R!

01?! h@h\q!H('*21!ec"hh! '1!H(')! 97::5(! )0+'15! PHAXR! :2(! "! 327(! 0*! (228! *58<5(0*7(5! PQHR@!

&'10++,-! )5;*'21)! /5(5! '1;790*5?! 2>5(1'=3*! 0*! %}O! /'*3! *35! ?'::5(51*! <('80(,!

01*'92?,p01*'92?'5)! ?'+7*5?! '1! 0! )2+7*'21! ;21*0'1'1=! h@h\q! 2:! =5+0*'1! :(28! ;2+?! :')3! /0*5(!

)4'1-h@"q!AXW!01?!h@h\q!H('*21!ec"hh!'1!HAX@!H35!:2++2/'1=!<('80(,!01*'92?'5)!/5(5!7)5?o!

=20*!01*'c827)5!OeWEQ!POWQR!P"o"hh-!Q|E!),)*58)-!W&#^\%Rn!0!(099'*!01*'c=+'0+!:'9('++0(,!

0;'?';! <(2*5'1! PU&WDR! P"o"hhh-! EWCL-! Zh$$%Rn! 0! 827)5! 01*'cXLe#! P"o#hh-! WAOWJ-!

09"_"$`hRn!0!827)5!01*'ca57a!P"o\hh-!WAOWJ-!09"h%##%Rn!0!(099'*!01*'c?279+5;2(*'1!PEOeR!

P"o"hhh-!WAOWJ-!09"`_#$Rn!01?!0!;3';451!01*'c15)*'1!P"o"hhh-!WAOWJ-!09"$%h"_R@!!

H35!?0,!0:*5(!*35!)5;*'21)!/5(5!('1)5!/'*3!HAXH!:2++2/5?!9,!'1;790*'21!'1!*35!0<<(2<('0*5?!

9'2*'1,+0*5?!2(! :+72(5);51*!)5;21?0(,!01*'92?,p01*'92?'5)!?'+7*5?! '1!0!)2+7*'21!;21*0'1'1=!2:!

h@h\q!2:!=5+0*'15!:(28!;2+?!:')3!/0*5(!)4'1-!h@"q!AXW!01?!h@h\q!H('*21!ec"hh!'1!HAX!:2(!"!

327(! 0*! QH@! H35! :2++2/'1=! )5;21?0(,! 01*'92?'5)! /5(5! 7)5?o! 9'2*'1,+0*5?! 32()5! 01*'c! =20*!

01*'92?,o!P"o\hh-!V5;*2(-!AWf\hhRn!W+5G0!&+72(!%``!?2145,!01*'c=20*!.=U!P"o#hh-!J2+5;7+0(!

D(295)! W! ""h\\-Rn! W+5G0! &+72(! \\\! ?2145,! 01*'c(099'*! .=U! P"o#hh-!J2+5;7+0(! D(295)! W!

$"\_#Rn!W+5G0!&+72(!^%_!?2145,!01*'c827)5!.=U!P"o#hh-!J2+5;7+0(!D(295)!W!$"\_"Rn!%�-^c!

! %%!

?'08'?'12c#c<351,+'1?2+5!?'3,?(2;3+2('?5!PX'=80!E`%"_Rn!01?!O,$!?2145,!01*'c;3';451!.=U!

P"o#hh-!S0;4)21!.88712Q5)50(;3-!_h$c"^\c"\\R@!!

!! W:*5(/0(?)-! *35! )5;*'21)! '1;790*5?! /'*3! 9'2*'1,+0*5?! 01*'92?,! /5(5! ('1)5! '1! HAX! 01?!

'1;790*5?! /'*3! 0>'?'1c9'2*'1c;28<+5G! PV5;*2(! I092(0*2('5)! DCc^"hhR! :2(! "! 3! 0*! (228!

*58<5(0*7(5@! L1;5! /0)35?-! *35! <5(2G'?0)5! (50;*'21! /0)! >')70+'N5?! 7)'1=! h@h\q! $-$�c

?'08'12951N'?'15!PX'=80-!E\^$_R!01?!h@h$q!3,?(2=51!<5(2G'?5@!

!! &'10++,-!)5;*'21)!/5(5!('1)5?!'1!HAXH!01?!8271*5?!21!X7<5(&(2)*!b+*(0!D+7)�!)+'?5)-!?('5?!

0*!(228!*58<5(0*7(5!01?!;271*5()*0'15?!7)'1=![0((,F)!3580*2G,+'1-!?53,?(0*5!01?!;2>5()+'<<5?!

/'*3!B74'**!PX'=80-!h$f`fR!01?!45<*!0*!(228!*58<5(0*7(5@!

H35! )5;*'21)! '1;790*5?! /'*3! :+72(5);51*)! )5;21?0(,! 01*'92?'5)! /5(5! ?('5?! 0*! (228!

*58<5(0*7(5!2>5(1'=3*!*351!/0)35?!/'*3!?')*'++5?!/0*5(-!*351!?('5?!2>5(1'=3*!*351!;2>5()+'<<5?!

/'*3!EWCL!:+72(5);51;5!8271*'1=!85?'78!PEWCL-!X$h#$R!01?!45<*!0*!%!}O@!

Y5!<5(:2(85?!0++!*35!;21*(2+)!:2(!*35!)5;21?0(,!01*'92?'5)-!0>2'?'1=!*35!7)5!2:!*35!<('80(,!

01*'92?,@! Y5! *5)*5?! 5>5(,! 01*'92?,! '1?5<51?51*+,! 95:2(5! <5(:2(8'1=! *35! ;2c+095++'1=!

5G<5('851*)@!

.88712:+72(5);51;5! )'=10+)! /5(5! >')70+'N5?! 7)'1=! 0! Z5'))! IXJ``h! W'(,);01! +0)5(c

);011'1=!8';(2);2<5@!H35!;2+2('85*(';!)'=10+)!/5(5!>')70+'N5?!7)'1=!0!Z5'))!WG'2'80=5(!Z#!

8';(2);2<5!01?!0!Q5*'=0!sc'80='1=!;2+2(!;085(0!P"f#h!e!"%^h!'1*5(+'15)-!%@^%!µ8!<'G5+!)'N5R@!

H35! '80=5)!/5(5! 0?67)*5?! :2(! 9('=3*15))! 01?! ;21*(0)*! 9,! 7)'1=! .80=5S@! D';*7(5! )5*! 7<!/0)!

0;3'5>5?!/'*3!W?295!.++7)*(0*2(!OX^@!H35!:7++!(5)2+7*'21!/0)!80'1*0'15?!71*'+!*35!8';(2=(0<3)!

/5(5!;(2<<5?!01?!0))589+5?-!0*!/3';3!/5(5!0?67)*5?!*2!0!(5)2+7*'21!2:!$hh!?<'@!!

H35!9(0'1!(5='21)!/5(5!'?51*':,!7)'1=!0!827)5!9(0'1!0*+0)!%''@!!!

;I:9:!M113-#E$3#)%."%-"%&,-&"%$$.&

&'G5?! ;5++)!/5(5!/0)35?!/'*3! HAXH! <[! _@%! 01?! *351! '1;790*5?! '1! 0! 9+2;4'1=! )2+7*'21!

;21*0'1'1=!h@h\q!2:!=5+0*'1!:(28!;2+?!:')3!/0*5(!)4'1!PX'=80!U_h%"R-!h@"q!AXW-!01?!h@h\q!

H('*21!ec"hh!'1!HAX!:2(!"!327(!0:*5(!*30*-!;2>5()+'<)!/5(5!'1;790*5?!2>5(1'=3*!0*!%}O!/'*3!*35!

?'+7*5?!<('80(,!01*'92?,p01*'92?'5)!'1!*35!9+2;4'1=!)2+7*'21@!H35!<('80(,!01*'92?'5)!7)5?!'1!

*35!<(5)51*!)*7?,o!=20*!01*'c37801!OeWEQ!POWQR!P"o"hh-!Q|E!),)*58)-!W&$$$^R-!827)5!

01*'cXLe#!P"o#hh-!WAOWJ-!09"_"$`hR-!(099'*!01*'!ZL"P"o\hh-!WAOWJ-!09#"^``hR-!827)5!

01*'! ac;0?35('1! P"o#hh-! AE! A'2);'51;5)-! ^"hf#"R-! (099'*! 01*'cLOH%! P"o#hh-! WAOWJ-! 09!

! %\!

"f`\_R-! (099'*! 01*'cOc*5(8'10+! OeWEQ! P"o\hh-! WAOWJ-! 09##$^`fR-! 827)5! 01*'cW(+"$9!

P"o#hh-!a57(2J09-!a#f\Ap^^R-!(099'*!01*'ca012=!P"o\hh-!WAWOJ-!09`h`f#R-!827)5!01*'c[$!

PWAOWJ-!09_"^h%R@!

H35! ?0,! 0:*5(-! 21;5! *35! ;5++)! /5(5! ('1)5?! /'*3! HAXH! *35,! /5(5! '1;790*5?! /'*3! *35!

0<<(2<('0*5?! :+72(5);51*! )5;21?0(,! 01*'92?'5)! ?'+7*5?! '1! 0! )2+7*'21! ;21*0'1'1=! 2:! h@h\q! 2:!

=5+0*'1!:(28!;2+?!:')3!/0*5(!)4'1-!"q!AXW!01?!h@h\q!H('*21!ec"hh!'1!HAX!:2(!"-\!3!'1!*35!?0(4!

0*!QH@!H35!:2++2/'1=!)5;21?0(,!/5(5!7)5?!'1!*35!<(5)51*!)*7?,o!W+5G0!&+72(�!%``!?2145,!01*'c

=20*!.=U!P"o#hh-!J2+5;7+0(!D(295)!W!""h\\R-!W+5G0!&+72(�!\\\!?2145,!01*'c(099'*!.=U!P"o#hh-!

J2+5;7+0(! D(295)!W! $"\_#Rn!W+5G0! &+72(�! ^%_! ?2145,! 01*'c827)5! .=U! P"o#hh-!J2+5;7+0(!

D(295)!W!$"\_"Rn!%�-^c?'08'?'12c#c<351,+'1?2+5!?'3,?(2;3+2('?5!EWD.!PX'=80!E`%"_R!/0)!

7)5?!*2!(5>50+!17;+5'!01?!<30++2'?'1!W+5G0!&+72(!^%_!P.1>'*(2=51-!W$h"h_R!*2!+095++5?!*35!&c

0;*'15!'1!*35!;,*2)45+5*21@!&'10++,-!;2>5()+'<)!?('5?!0*!(228!*58<5(0*7(5!01?!/5(5!;2>5()+'<<5?!

/'*3!EWCL!:+72(5);51;5!8271*'1=!85?'78!PEWCL-!X$h#$R!01?!45<*!0*!%}O!:2(!*35!;5++)@!

Y5!<5(:2(85?!0++!*35!;21*(2+)!:2(!*35!)5;21?0(,!01*'92?'5)-!0>2'?'1=!*35!7)5!2:!*35!<('80(,!

01*'92?,@! Y5! *5)*5?! 5>5(,! 01*'92?,! '1?5<51?51*+,! 95:2(5! <5(:2(8'1=! *35! ;2c+095++'1=!

5G<5('851*)@!

W++!'80=5)!/5(5!0;K7'(5?!7)'1=!0!Z5'))!IXJ``h!W'(,);01!+0)5(c);011'1=!8';(2);2<5@!H35!

'80=5)!/5(5! 0?67)*5?! :2(! 9('=3*15))! 01?! ;21*(0)*! 9,! 7)'1=! .80=5S-! 01?! <';*7(5! )5*! 7<!/0)!

0;3'5>5?!/'*3!W?295!.++7)*(0*2(!OX^!01?!L85(2@!H35!:7++!(5)2+7*'21!/0)!80'1*0'15?!71*'+!*35!

8';(2=(0<3)!/5(5!;(2<<5?!01?!0))589+5?-!0*!/3';3!/5(5!0?67)*5?!*2!0!(5)2+7*'21!2:!$hh!?<'@!!

;I:@:!D%.(%)-&N$#(&

H'))75)!/5(5! +')0*5?!7)'1=! +,)')!Q.DW!97::5(! P\h!8J!H(')c[O+!<[!`@h-!"\h!8J!aWO+-!

h@\q!X2?'78!?52G,;32+0*5-!h@"q!XEX-!"q!aD%h-!8s!/0*5(R!/'*3!Q2;35!<(2*50)5!'13'9'*2(!

;2;4*0'+! PX'=80-! \$f"$`-! 01?! ! 3282=51'N5! 7)'1=! Z'(;21'0!pX'+';0! h@\!88! 950?)! PA'2X<5;-!

""h_f"h\NR!'1!0!A7++5*!A+51?5(�!)*2(8!AA]#%Jn!0:*5(/0(?)!*35!)08<+5)!/5(5!'1;790*5?!'1!

*35!+,)')!97::5(!:2(!$h!8'17*5)!0*!%}O!7)'1=!0!*795!(2*0*2(-!:'10++,!*35!*795)!/5(5!;51*(':7=5?!0*!

"h%hh!=!:2(!"h!8'17*5)!0*!%}O!*2!?');0(?!*'))75!01?!;5++!?59(')!01?!455<'1=!*35!)7<5(10*01*!0*!c

#h}O@!!

H35!+,)')!97::5(!7)5?!:2(!*35!;5++)!;21*0'15?!#h!8J!H(')![O+!<[!`@h-!"$_!8J!a0O+-!"hq!

=+,;5(2+-!"q!aDc%h-!#!8J!BEHW-! *2! +,)')! *35!;5++)-! *35! )08<+5)!/5(5! '1;790*5?! '1!0! *795!

! %^!

(2*0*2(!:2(!$h!8'17*5)!0*!%}O!01?!0:*5(/0(?)!*35,!/5(5!;51*(':7=5?!0*!"h%hh!=!:2(!"h!8'17*5)!

0*!%}O-!?');0(?'1=!*35!;5++!?59(')!01?!455<'1=!*35!)7<5(10*01*!0*!c#h}O@!

D(2*5'1!;21;51*(0*'21-!'1!92*3!*'))75!01?!;5++)!)08<+5)-!/0)!?5*5(8'15?!9,!*35!9';'1;321'1';!

0;'?! D(2*5'1! W))0,! PAOW-! D'5(;5! AOW! D(2*5'1! W))0,! C'*! #$##`R@! D(2*5'1! )08<+5)! /5(5!

5+5;*(2<32(5)5?!21!"hq!<2+,0;(,+08'?5cXEX!=5+@!L1;5!)5<0(0*5?-!*35!<(2*5'1)!/5(5!*(01):5((5?!

*2!0!h@%\!�8!D2+,>'1,+'?515!?':+72('?5!PDVE&-!H35(82!``\"`R!8589(015!7)'1=!*35!H(01)c

A+2*!H7(92!H(01):5(!X,)*58!PA'2cQ0?R!0*!"@h!Wo!#\!V!:2(!$h!8'17*5)-!2(!/5*!*(01):5(@!W:*5(!*35!

*(01):5(-!*35!8589(015)!/5(5!'1;790*5?!/'*3!0!9+2;4'1=!)2+7*'21!;21*0'1'1=!H(')!97::5(!)2+7*'21!

/'*3!h@"q!*/551!PHAXHR!01?!8'+4!\q!:2(!215!327(!0*!QH-!:2++2/5?!9,!*35!'1;790*'21!/'*3!*35!

<('80(,! 01*'92?'5)! 2>5(1'=3*! 0*! %}O@!Y5! 7)5?! *35! :2++2/'1=! <('80(,! 01*'92?'5)o! =20*! 01*'c

827)5!OeWEQ!POWQR! P"o"hhh-!Q|E!),)*58)-!W&#^\%R-!=20*! 01*'c37801!OeWEQ!POWQR!

P"o"hhh-! Q|E! ),)*58)-! W&$$$^R! 01?! 01*'c0+<30c0;*'1! PX'=80-! "o"hhhhR! 7)5?! 0)! 0! +20?'1=!

;21*(2+@!H35!15G*!?0,-!*35!8589(015)!/5(5!/0)35?!'1!HAXH!*2!(582>5!*35!5G;5))!2:!<('80(,!

01*'92?,!01?!'1;790*5?!/'*3!)5;21?0(,!01*'92?'5)!:2(!215!327(!0*!(228!*58<5(0*7(5@!Y5!7)5?!

*35!:2++2/'1=!)5;21?0(,!01*'92?'5)o!!?2145,!01*'c=20*![QD!P"o\hhh-!H35(82!DW"c#f^"_R!01?!

01!01*'c827)5![QD!P"o$hhh-!X'=80!W\#_`R-!*351!*35!8589(015)!/5(5!/0)35?!'1!HAXH-!01?!

:'10++,!?5>5+2<5?!/'*3!01!5+5;*(2;358'+78'15);51;5!)2+7*'21!PBOI-!H35(82&')35(!$#"h^R!01?!

);0115?!7)'1=!W85()308!.80=5(!^`h@!

;I:F:!/OM+POQ/*.R&%>,(,-5&

H2!<5(:2(8!OQ.XDQcO0)f!5?'*'1=!/5!7)5?!0!U515!412;427*!4'*!>#!;21*0'1'1=!O0)f!#aIX!

17;+50)5!01?!0!87+*'c=7'?5!)=QaW!:(28!X,1*35=2n! *35!)5K751;5)!2:! *35! *3(55!)=QaW!7)5?!

/5(5o! =7'?5! "! HWUWWWHUWOHHOWHOHn! =7'?5! #! HWOWUHOWUWWWOWUWU! 01?! *35!

=7'?5! $! HWHOHHOHHHOHUHHUU-! )<5;':';0++,! ?5)'=15?! *2! *0(=5*! 27(! =515! 2:! '1*5(5)*-!

OeWEQ@!!

L1;5!*35!;5++)!/5(5!_hc`hq!;21:+751*-!*35,!/5(5!*(50*5?!/'*3!"h!�J!QLOC!'13'9'*2(!P]c

#_^$#-!X*58O5++!H5;312+2='5)-!_#$h%R!:2(!$h!8'17*5)!95:2(5!17;+52:5;*'21@!H2!29*0'1!)'1=+5!

;5++)-!'DXO)!/5(5!?'))2;'0*5?!/'*3!W;;7*0)5!PX*58O5++!H5;312+2='5)-!h_f##R!:2(!\!8'17*5)!0*!

$_}O@!W:*5(!?'))2;'0*'21-!0!8'G!;21*0'1'1=!8H5XQ!<+7)!/'*3!QLOC!'13'9'*2(!/0)!0??5?!*2!*35!

;5++)-!*30*!/5(5!*351!;2++5;*5?!9,!;51*(':7=0*'21!0*!""h!=!:2(!$!8'1@!!

H2!0))589+5!*35!('9217;+52<(2*5'1!;28<+5G!PQaDR!/5!8'G!*35!*3(55!=7'?5)!P$h!<82p7+R!01?!

*35!O0)f!#aIX!17;+50)5!'1!0!(0*'2!_-\o"!'1!*35![7801!X*58!O5++!a7;+52:5;*2(�!X2+7*'21!"!

! %_!

[XO"! PI21N0-! VD[c\h"#R-! :2++2/'1=! *35! '1)*(7;*'21! 2:! *35!8017:0;*7(5(@!Y5! 7)5?! `�"h\!

'DXO)!'1!50;3!17;+52:5;*'21!(50;*'21-!215!(50;*'21!;21*0'1'1=!*35!*3(55!=7'?5)!01?!215!(50;*'21!

/'*327*!)=QaW!=7'?5)!0)!0!15=0*'>5!;21*(2+@!!QaD!?5+'>5(,!/0)!0;;28<+')35?!7)'1=!I21N0!#9!

a7;+52:5;*2(!71'*!01?!01!W80G0![7801!X*58!O5++!17;+52:5;*2(!X*0(*5(!4'*!PI21N0-!VD[\hh#R@!

&2++2/'1=! *35! '1)*(7;*'21)! 2:! *35! 8017:0;*7(5(-! 21;5! *35! ;5++)! /5(5! (5)7)<51?5?! '1! [XO"!

)2+7*'21!/5!0??5?!*35!QaD!8'G!01?!*351!*35,!/5(5!*(01):5((5?!*2!*35!;7>5**5)!01?!<+0;5?!'1!*35!

#9!a7;+52:5;*2(!71'*@!Y5!7)5?!*35!<(2=(08!Wch#$!01?!0:*5(/0(?)!/5!)55?5?!"hhh!;5++!21*2!

>'*(215;*'1c;20*5?!"hc;8!?')35)!;21*0'1'1=!8H5XQ!<+7)!)7<<+5851*5?!/'*3!O+215!Q!PX*58O5++!

H5;312+2='5)-!h\```R@!H35!;5++)!/5(5!45<*!0*!$_}O!'1!01!0*82)<35(5!;21*0'1'1=!\q!OL%!01?!

\q!L%-!;301='1=!*35!8H5XQ!D+7)!01?!O+215!Q!5>5(,!%`!327()!01?!(5?7;'1=!*35!;21;51*(0*'21!

2:!O+215!QR@!W:*5(!_!?0,)-!7)'1=!0!*'<!71?5(!*35!8';(2);2<5!/5!<';45?!*35!)5<0(0*5!;2+21'5)!01?!

<0))5?!*358!*2!0!#%!/5++)c<+0*5!P215!;2+21,!'1!50;3!/5++R-!21;5!*35,!/5(5!;21:+751*-!/5!<0))5?!

50;3!;2+21,!'1?5<51?51*+,!*2!5G<01?!*358@!!

H35! )5+5;*5?! ;+215)! 2:! '1*5(5)*! P12*! 5G<(5))'1=!OWQR!/5(5! >5(':'5?! 9,! :+2/! ;,*285*(,-!

=5128';!DOQ!010+,)')!01?!)5K751;'1=@!!

;I:R:!S$#T&"H(#1%()H&

OWQ!5G<(5))'21!/0)!0))0,5?!9,!:+2/!;,*285*(,-!21;5!*35!;5++)!/5(5!_hc`hq!;21:+751*!*35,!

/5(5!/0)35?!/'*3!DAX-!01?!?'))2;'0*5?!/'*3!W;;7*0)5!PX'=80-!W^f^%R!:2(!\!8'17*5)!0*!$_}O@!

W:*5(!?'))2;'0*'21-!8H5XQ!<+7)!/0)!0??5?!*2!*35!;5++)!*2!)*2<!*35!0;;7*0)5!(50;*'21-!*35!;5++)!

/5(5!*351!;2++5;*5?!9,!;51*(':7=0*'21!0*!"$hh!(<8!:2(!$!8'1@!Y5!7)5?!h@#G"h'!;5++)!:2(!50;3!

;21?'*'21-!0:*5(!/0)3'1=!/'*3!&WOX!97::5(!PDAX-!"!8J!BEHW-!#qAXWR!01?!;51*(':7=5?!0*!

"$hh!(<8!:2(!#!8'17*5)!0*!%}O@!&2(!*35!:'()*!;21?'*'21!/5!?21F*!+095+!*35!;5++)!/'*3!<('80(,!01?!

)5;21?0(,!01*'92?,-!:2(!*35!)5;21?!;21?'*'21!/5!<7*!21+,!)5;21?0(,!01*'92?,!01?!:2(!*35!+0)*!

;21?'*'21! *35! ;5++)! /5(5! '1;790*5?! /'*3! =20*! 01*'cOeWEQ! POWQR! P"!o"hh-! Q|E! ),)*58)-!

W&#^\%R!01*'92?,!?'+7*5?!'1!&WOX!97::5(!01?!'1;790*5?!:2(!"\!8'1!21!';5@!L1;5!*35!;5++)!/5(5!

/0)35?!/'*3!&WOX!97::5(!*35,!/5(5!'1;790*5?!/'*3!*35!)5;21?0(,!01*'92?,!W+5G0!&+72(�!%``!

?2145,!01*'c=20*!.=U!P"o#hh-!J2+5;7+0(!D(295)!W!""h\\R!?'+7*5?!'1!&WOX!97::5(-!:2(!"\!8'1!

21! ';5! '1! *35! ?0(4-! :2++2/5?! 9,! /0)35)! /'*3! &WOX! 97::5(! 01?! :'10++,! _WWE! P"!o#\h-! AE!

A'2);'51;5)-\\ff#\R!?'+7*5?!'1!&WOX!97::5(!/0)!0??5?!:2(!*35!*3(55!;21?'*'21)@!!!

A(?b!'1;2(<2(0*'21-!*2!850)7(5!*35!;5++!<(2+':5(0*'21-!/0)!0))0,5?!0+)2!9,!:+2/!;,*285*(,n!

21;5! *35! ;5++)! /5(5! _hc`hq! ;21:+751*! /5! 0??5?! A(?b! P"h! 7J-! X'=80-! A\hh#c\UR! :2(! "\!

! %`!

8'17*5)!'1*2!*35!8H5XQ!D+7)@!Y5!*(,<)'1'N5?!Ph@#\q!*(,<)'1cBEHW!"e-!='9;2-!#\#hhch_#R!

*35!;5++)!:2(!#!8'17*5)!*2!29*0'1!)'1=+5!;5++!)7)<51)'21-!21;5!'10;*'>0*5?!*35,!/5(5!;51*(':7=5?!

0*!""hh!(<8!:2(!\!8'17*5)@!W:*5(-!;5++)!/5(5!/0)35?!/'*3!DAX!01?!;51*(':7=5?!\!8'1!""hh!(<8@!

O5++)!/5(5! :'G5?!0??'1=!5*3012+!_hq-!/3'+5!>5(*5G'1=!>'=2(27)+,-! :2(!$h!8'17*5)!0*! c#h}O@!

H351!*35!;5++)!/5(5!<5++5*5?!:2(!"h!8'17*5)!0*!#hhh!(<8-!/0)35?!/'*3!DAX!01?!;51*(':7=5?!

0=0'1!:2(!\!8'17*5)!0*!#hhh!(<8@!&2(!=5128';!EaW!?510*7(0*'21!*35!;5++)!/5(5!*(50*5?!/'*3!

QaW)5!W!\h!7=p8I!:'10+!;21;51*(0*'21!PX'=80-!Q^\"$R-!'1;790*5?!:2(!$h!8'17*5)!0*!$_!}O@!

W:*5(!*35!;5++)!/5(5!;51*(':7=5?!:2(!\!8'17*5)!0*!#hhh!(<8!01?!(5)7)<51?5?!'1![O+!#J!:2(!$h!

8'17*5)!0*!QH@!W:*5(!95'1=!/0)3!/'*3!DAX!01?!;51*(':7=5?!\!8'17*5)!0*!#hhh!(<8!*35,!/5(5!

(5)7)<51?5?!'1!92(0*5!h@"!J!P<[!`@\R!01?!'1;790*5?!#@\!8'17*5)!0*!QH-!01?!:'10++,!/0)35?!/'*3!

DAX!01?!<5++5*5?! 0*! #hhh! (<8! :2(! \!8'17*5)@!&2(! *35! )*0'1'1=-!/5! (5)7)<51?5?! *35! ;5++)! '1!

DAXph@\q! aD%hp"q! AXW! ;21*0'1'1=! 01*'cA(?b! 01*'92?,! PAE-! $%_\`hR! ?'+7*5?! "o#\! 01?!

'1;790*5?!:2(!̂ h!8'17*5)!0*!$_}O@!L1;5!*35!;5++)!/5(5!/0)35?!/'*3!DAXph@\q!aD%h!;51*(':7=5?!

\!8'17*5)!0*!#hhh!(<8!*35,!/5(5!(5)7)<51?5?!'1!DAXph@\q!aD%hp"q!AXW!;21*0'1'1=!01*'c

827)5! 01*'92?,! ;27<+5?! *2! &.HO! P"o"hh-! S0;4)21! .88712! Q5)50(;3-! ""\chf\chh$R! 01?!

'1;790*5?!:2(!^h!8'17*5)!0*!$_}O!'1!*35!?0(4@!W:*5(/0(?)!*35,!/5(5!/0)35?!/'*3!DAXph@\q!

aD%h-! )<'1! :2(! \!8'17*5)! 0*! #hhh! (<8!01?! (5)7)<51?5?! '1!DAX!/'*3!<(2<'?'78! .2?'?5! P#\!

7=p8IR!PX'=80-!D%`^%R!01?!'1;790*5?!:2(!"h!8'17*5)!0*!QH!0/0,!:(28!+'=3*@!!

H35!a2>2O,*5@! PWOBW!A'2);'51;5)R! :+2/! ;,*285*5(!/0)! 7)5?! :2(! 0;K7')'*'21! 5K7'<<5?!

/'*3! %``! +0)5(-! ?0*0! /5(5! ?')<+0,5?! 21! 0! :27(c?5;0?5! +2=! );0+5@! H35! :+2/! (0*5! )5**'1=! P`h!

�Ip8'1R!/0)!7)5?!:2(!)08<+5!0;K7')'*'21!01?!21!50;3!)08<+5-!0!8'1'878!2:!"h-hhh!5>51*)!/0)!

;2++5;*5?!/'*3'1!*35!)'1=+5*!=0*5@!X08<+5)!/5(5!=0*5?!21!'DXO)!01?!01,!?279+5*)!/5(5!5G;+7?5?!

7)'1=!:2(/0(?!+'=3*!);0**5('1=!P&XORc0(50!>5()7)!&XO!/'?*3@!OWQc<2)'*'>5!;5++)!/5(5!'?51*':'5?!

'1!*35!/3';3!;30115+@!X08<+5)!/5(5!010+,N5?!/'*3!a2>25G<(5))!)2:*/0(5@!!

;I:;I:!'BA&%<()*"(,#-&OBA&%<()*"(,#-U&P/O&*->&+%23%-",-5&

EaW! <7(':';0*'21! /0)! 0;3'5>5?! 7)'1=! a7;+52X<'1! H'))75! PJWO[BQB]caWUBI-!

_%hf\#@\hR-!:2++2/'1=!*35!8017:0;*7(5F)!<(2*2;2+!/5!29*0'1!=5128';!EaW!:(28!*35!?'::5(51*!

'DXO!;+215)!*2!08<+':,!*35!(5='21!0(271?!*35!*0(=5*!)'*5!:2(!*35!)=QaW)@!D('85()!/5(5!?5)'=15?!

7)'1=! X10<U515! V'5/5(! *2! *0(=5*! 5G21! \! 2:! 37801! OeWEQo! &/?o! \F!

OWHUHUWWOHUUWWUOWHUW!$F-!Q5>o!\F!HOWWWUHOWUHUHOOOHHHUHO!$F@!b1+5))!

)*0*5?! 2*35(/')5! *58<+0*5! EaW! /0)! 08<+':'5?! '1! 0! (50;*'21! >2+785! 2:! #\! �+@! Q50;*'21)!

;21*0'15?!0<<(2G'80*5+,!"@$!�J!2:!50;3!2+'=217;+52*'?5!<('85(-!#\!8J!J=O+#-!h@\!8J!2:!

! %f!

50;3!?52G,('9217;+52)'?5!*('<32)<30*5!P?WHD-!?OHD-!?UHD-!?HHDR-!/5(5!0+)2!0??5?!*2!*35!

(50;*'21)@!

b1+5))!)<5;':'5?!2*35(/')5-!;,;+'1=!;21?'*'21)!/5(5!0)!:2++2/)o!01!'1'*'0+!?510*7('1=!)*5<!2:!

\!8'17*5)!0*!f%!}O-!:2++2/5?!9,!*35(80+!;,;+'1=!0*!f%!}O!:2(!$h!)5;21?)-!:2(!$h!)5;21?)-!01?!

_#!}O!:2(!$h!)5;21?)@!W!:'10+!5G*51)'21!)*5<!2:!\!8'17*5)!0*!_#!}O!;28<+5*5?!*35!08<+':';0*'21!

(50;*'21@! DOQ! <(2?7;*)! /5(5! *351! )5<0(0*5?! 21! #@\q! 0=0(2)5! =5+)! 01?!/5(5! >')70+'N5?! 9,!

5*3'?'78!9(28'?5!)*0'1'1=@!DOQ!<(2?7;*)!:(28!'DXO)!/5(5!<7(':'5?!7)'1=!*35!DOQ!<7(':';0*'21!

4'*! Ps7';4BG*(0;*~! EaW! BG*(0;*'21! X2+7*'21-! sBhfh\hR! '1! 0;;2(?01;5! /'*3! *35!

8017:0;*7(5(F)!<(2*2;2+@!W:*5(!*35!<7(':';0*'21!\!�+!2:!*35!08<+';21)!/'*3!0!;21;51*(0*'21!`hc

"hh!1=p!�+!/5(5!)51*!:2(!X01=5(!)5K751;'1=-!9,!57(2:'1)!=5128';)@!

;I:;;:!/#3-(,-5&

O271*'1=!*35!;5++)!/0)!?215!80170++,-!/35(5!50;3!)280!/0)!;21)'?5(5?!0)!215!;5++@!H35!

<(265;*'21)! 2:! *35! ;5++)! /5(5! ;271*5?! 7)'1=! &'6'! /'*3! 0! 80;(2)!o!

3**<)opp(0/@='*3797)5(;21*51*@;28pJ21*<5++'5(Q5))27(;5).80=5('5p'80=56�80;(2)�01?�);('<*

)p80)*5(p>2+45(p*22+)5*)p;271*�0G210+�<(265;*'21)p;271*�0G210+�<(265;*'21)@'688-! ?215! 9,!

*35!*5;31';'01!2:!*35!JQ.!<+0*:2(8!2:!*35!'1)*'*7*5@!

;I:;8:!+(*(,.(,"*$&*-*$H.,.&

!! X*0*')*';0+!010+,)')!/0)!?5*5(8'15?!7)'1=!*35!71<0'(5?!X*7?51*F)!*5)*!01?!215c/0,!WaLVW@!

C2+82=2(2>cX8'(12>!*5)*-!')!7)5?!*2!;35;4!*35!12(80+'*,!2:!*35!?')*('97*'21-!*35!X30<'(2cY'+4!

12(80+'*,!*5)*!')!7)5?!*2!;35;4!':!*35!8501)!0(5!12(80++,!?')*('97*5?!*351!215c/0,!WaLVW!01?!

*35!71<0'(5?!X*7?51*F)!*5)*!'1!D(')8!01?!/'*3!Qc)*7?'2-!<�!h@h\!/0)!(5=0(?5?!0)!)*0*')*';0++,!

)'=1':';01*@!

!

!

!

!

!

!

! \h!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!!!!!!!!!!!!!!!!!!!!!

!"#$%&'(6*(7&5/4%5(

!

! \"!

!!"! 2'$8.3'&0'40.@*0$*))08+@*/3'&0-')*$=)*0J?'K/8$%3*736=/08&+0

#+*&'736=/0;*$*C.'6L03&0.@*08+=).0-'=/*05683&0

H35! ;2G)0;4'5>'(7)! 01?! 0?512>'(7)! (5;5<*2(! ')! 0! )'1=+5! *(01)8589(015! <(2*5'1! *30*! ')!

5G<(5))5?!'1!?'::5(51*!*'))75)@!OWQ!95+21=)!*2!'88712=+297+'1!)7<5(:08'+,!P.=OWJ)R-!95)*!

;30(0;*5('N5?!0)!;5++!0?35)'21!82+5;7+5@!OWQ!/0)!:'()*!?5);('95?!0)!0!(5;5<*2(!:2(!0?512>'(7)!

01?! ;2G)0;4'5>'(7)! 01?! ;21*('97*5)! *2! *35! 80'1*5101;5! 2:! *'=3*! 671;*'21)@! .1! *35! 9(0'1! *35!

'1:5;*'21!2:!)<5;'0+!157(21)!?5<51?)!21!OWQ!5G<(5))'21@!

[5(5-!/5!/5(5!'1*5(5)*5?!'1!*35!5G<(5))'21!2:!OWQ!'1!*35!0?7+*!9(0'1!/35(5!'*)!:71;*'21!')!<22(+,!

71?5()*22?@!C12/'1=!/35(5!OWQ!')!5G<(5))5?!'1!*35!9(0'1!')!01!5))51*'0+!)*5<!*2!95!09+5!*2!

412/!/30*! OWQ! ')! ?2'1=! '1! *35! 9(0'1! 01?! 32/! '*! 80,! 0::5;*! 157(2=515)')-! ;2=1'*'21! 01?!

9530>'2(!01?!/30*!')!*35!(2+5!<+0,5?!9,!OWQ!?7('1=!157(2=515)')!?')50)5)@!!

Y5!7)5?!'887123')*2;358')*(,!01?!'88712:+72(5);51;5!*2!'?51*':,!*35!+2;0*'21!2:!OWQ!'1!

*35!?'::5(51*!(5='21)!2:!*35!O\_AIp^S!01?!O\_AIp^a!,271=!350+*3,!0?7+*!827)5!9(0'1@!OWQ!

30)!*3(55!<0(*)-!01!5G*(0;5++7+0(!?280'1-!01!'1*(0;5++7+0(!?280'1-!01?!*(01)8589(015!?280'1@!

OWQ!'1*5(0;*)!/'*3!?'::5(51*!82+5;7+5)!'1!*35!5G*(0;5++7+0(!01?!'1*(0;5++7+0(!?280'1@!

H2!95**5(! 71?5()*01?! *35! :71;*'21!2:!OWQ! '1! *35!827)5!9(0'1-! *35!C(585(! +09! )32/5?! *30*!

=515*';!09+0*'21!0::5;*)!0?7+*!157(2=515)')!0::5;*)!*35!9530>'2(-!<+0)*';'*,!01?!;2=1'*'21!'1!*35!

8';5@!J2(52>5(-!01!'1:+0880*2(,!51>'(21851*!0::5;*)!OWQ!+5>5+)@!!

;;:;:!O%.3$(.V&

##"#"#"! $%&'()*+(,,-./'-/'01('0(7(/6(*137./C'

OWQ!')!3'=3+,!5G<(5))5?!'1!*35!2+:0;*2(,!97+9!:(28!*35!'115(!*2!*35!27*5(!+0,5(-!5)<5;'0++,!

'1!*35!(2)*(0+!8'=(0*2(,!)*(508-!*35!8'*(0+!;5++)-!*35!=+285(7+7)-!'1!*35!+0*5(0+!2+:0;*2(,!*(0;*!01?!

'1*51)5+,!5G<(5))5?!'1!+0,5(!.!2:!*35!01*5('2(!2+:0;*2(,!17;+57)@!OWQ!'88712(50;*'>'*,!/0)!0+)2!

29)5(>5?!'1!*35!)*('0*78!01?!'1!*35!)79>51*(';7+0(!N215@!OWQ-!;5++)!'1!*35!XVZ!01?!QJX!0(5!

80'1+,!U&WD-!;5++)!01?!+5))!XLe#!2(!15)*'1-@!.1!0??'*'21-!OWQ!/0)!12*!5G<(5))5?!'1!*35!)280!

2:!a57a!;5++)!)7((271?'1=!*35!XVZ@!.1!*35!3'<<2;08<7)-!OWQ!')!5G<(5))5?!'1!?'::5(51*!+0,5()!

2:!*35!XUZ!01?!)32/)!0!3'=3!5G<(5))'21!'1!*35!)280!01?!<(265;*'21)!2:!*35!;5++)!97*!OWQ!?'?!

12*!;2+2;0+'N5!/'*3!*35!U&WD-42(!a57a-!)280@!!Y5!?5*5;*5?!;2+2;0+'N0*'21!2:!OWQ!|!15)*'14

01?!OWQ!|!EOe4'1!*35!:'95()!'1!*35!82+5;7+0(!+0,5(@!OWQ!')!0+)2!5G<(5))5?!'1!*35!3'+7)-!OW$!

01?!OW"!150(!*35!82+5;7+0(!+0,5(@!.1!*35!;2(*5G-!OWQ!'88712(50;*'>'*,!/0)!'1!+0,5(!.!*2!+0,5(!

.V@!

! \#!

!!

##"#"="!'$%&'()*+(,,-./'-/'01(':-(/6(*137./C'

OWQ! ')! 5G<(5))5?! '1! )5>5(0+!17;+5'! 2:! *35! 01*5('2(! 01?! +0*5(0+! ?2()0+! *30+087)@! .1! *35!

3,<2*30+087)-! OWQ! '88712(50;*'>'*,! /0)! )*(21=! '1! *35! 5<51?,80+! ;5++)! +'1'1=! *35! *3'(?!

>51*(';+5!01?!0+21=!*35!:'95()!*2/0(?!*35!3,<2*30+08';!<0(51;3,80@!OWQ!/0)!5G<(5))5?!'1!*35!

8589(015!2:!5<51?,80+!;5++)!0+21=!*35!*3'(?!01?!:27(*3!>51*(';+5)!'1!*35!*30+087)@!

.1!*35!85?'290)0+!3,<2*30+087)-!OWQ!'88712(50;*'>'*,!;2+2;0+'N5?!/'*3!U&WD!'1!)285!;5++)@!

H35! ;5++)! +'1'1=! *35! *3'(?! >51*(';+5! /5(5! 15)*'1-! p! U&WDc! /3'+5! *35! :'95()! *2/0(?! *35!

3,<2*30+08';!<0(51;3,80!/35(5!OWQ-401?!U&WD-@!

##"#"D"!'$%&'()*+(,,-./'-/'01('63;:37'+(<-./,'.9'01('$E?C'

OWQ!5G<(5))'21!'1!*35!;07?0+!(5='21!2:!*35!OaX!/0)!+2/!;28<0(5?!*2!*35!2*35(!N215)@!Y5!

)0/!:0'1*!'88712(50;*'>'*,!'1!*35!8'?9(0'1!'1!*35!(328951;5<30+21!01?!'1!*35!;5(595++78@!

;;:8:!',."3..,#-V&

OWQ! ')! 5G<(5))5?! '1! 80*7('1=! 01?! 80*7(5! 157(21)! 01?! '1! 0(50)! 0))2;'0*5?! /'*3!

3,<5(<+0)*';'*,@!H35!5G<(5))'21!2:!OWQ! '1! *35!XVZ!01?!XUZ!2:! *35!EU!)32/! *30*!OWQ! ')!

5G<(5))5?!?7('1=!0?7+*!157(2=515)')!01?!80,!<+0,!?'::5(51*!(2+5)!0*!?'::5(51*!)*0=5)!2:!157(210+!

80*7(0*'21-!?'::5(51*'0*'21!01?!'1*5=(0*'21@!.1!1785(27)!(5='21)-!OWQ!')!+2;0*5?!'1!*35!157(2<'+!

)32/'1=!*35!)085!5G<(5))'21!2:!DXWcaOWJ-!/3';3!')!(5+0*5?!*2!8582(,!01?!+50(1'1=!0*!*35!

*30+087)@!.1!*35!3,<2*30+08';!0(50-!/35(5!'*!;2+2;0+'N5)!/'*3!U&WD-!0+)2!)7==5)*)!0@!<2*51*'0+!

(2+5!'1!0?7+*!157(2=515)')@!OWQ!80,!0+)2!<0(*';'<0*5!'1!*35!<2+0('N0*'21!2:!*35!157(0+!)*58!;5++)!

95;07)5!'1!*35!5<'*35+'0+!;5++)!/5!;01!)55!*30*!OWQ!/0)!5G<(5))5?!'1!*35!90)2+0*5(0+!)7(:0;5@!!

!

!

!

!

!

!

!

!

!

\$

##"="#" %+0-67(

\%

\\

\^

\_

\`

\f

^h

^"

^#

^$

^%

^\

^^

^_

^`

^f

!M" ;*/=)./03NO?/G

;8:;: /AO&%<6)%..,#-&,-&(0%&"%$$.V

H35!OaX!?5>5+2<)!'1'*'0++,!:(28!0!8212+0,5(!2:!157(25<'*35+'0+!PaBR!;5++)-!/3';3!*351!(2++!

7<! *2! :2(8! *35! 157(0+! *795@!Y5! 0(5! 7)'1=! 37801! '1?7;5?! <+7('<2*51*! )*58! ;5++)! P'DX;R! *2!

(5;0<'*7+0*5! *3')! <(2;5))! '1! >'*(2! (5)7+*'1=! '1! :2(80*'21! 2:! 157(0+! *795c+'45! )*(7;*7(5)! ;0++5?!

157(0+!(2)5**5)@

H2!29*0'1!(2)5**5)-!/5!;7+*7(5!'DXO) *30*!='>5!(')5!*2!*35!589(,2'?!92?'5)!PBAR!01?!0:*5(-!*35,!

?'::5(51*'0*5!'1*2!(2)5**5)!7)'1=!0?0<*5?!85?'0!PX*58!O5++)R ()!*+&,#-.:

"#$%&' ()! M#11'&'5=!0=+$'0!-1!#OF2!2%/=%&'>!#OF2!A#//!$#N'!&#0'!=-!'.7&@-#3!7-3#'0!$&-A5 #5!+$$&'A'//*+_``6!=4+=!A#//!

3#11'&'5=#+='!+1='&!(I!3+@0!#5=-!&-0'=='0!%0#5$!FPK*3#11*+ T'%&+/!#53%2=#-5!.'3#%. a F*<M9>

.1! *3')!82?5+- /5!/01*5?! *2!?5*5(8'15! *35!(2+5!2:!OWQ!'1! *35!:2(80*'21!2:!157(21)@!H2!

0??(5)) *3')!K75)*'21-!/5!;(50*5!0!82?5+!'1!/3';3!/5!412;45? 27*!OWQ!7)'1=!OQ.XDQ!;0)f@!

H2!?2!*35!OQ.XDQ CL- /5!;21:(21*!?'::5(51*!;30++51=5)o :'()*!157(0+!(2)5**5)!0(5!=(27<)!2:!;5++)!

(0?'0++,!0((01=5?!0(271?!0!;51*(0+!0<';0+!+7851@!H2!29*0'1!0!;+210+!OWQ!CL!<2<7+0*'21- /5!

155?5? *2!?')0))2;'0*5 *35!;5++)!'1*2!)'1=+5!;5++)@![2/5>5(- /5!/27+? 12*!95!09+5!*2!(5:2(8!*35!

(2)5**5)@ H35(5:2(5-!/5!<5(:2(85? OQ.XDQ!'1!'DX;-!/3';3 0+)2!=(2/!'1*2!;2+21'5)- 97*!*35,!0(5!

09+5!*2!(5:2(8!*35!;2+21'5)!0:*5(!?'))2;'0*'21@!W:*5(!/5!/5(5!09+5!*2!29*0'1!OWQ!CL!;+215) 9,!

+'8'*'1=!?'+7*'21@!!Y5!;30(0;*5('N5?!9,!'88712:+72(5);51;5!?'::5(51*!80(45()!5G<(5))5?!'1!*35!

(2)5**5)!*2!)55!*35!?'::5(51;5!/'*3!*35!;21*(2+!(2)5**5)@

_h

&'()*-!/5!;35;45? *35!5G<(5))'21!2:!OWQ!'1!*35!?'::5(51*!)*0=5)!2:!?5>5+2<851*@!H35!:+2/!

;,*285*(,!010+,)')!)32/5?!?'::5(51*!+5>5+)!2:!OWQ!5G<(5))'21!'1!YH!'DX;-!BA)!01?!(2)5**5)-!

f""!;5++)!/5(5!7)5?!0)!0!<2)'*'>5!;21*(2+!:2(!OWQ!5G<(5))'21@!OWQ!+5>5+)!'1!'DX;-!BA)!01?!

(2)5**5)!0<<50(5? )085!0)!'1!*35!<2)'*'>5!;21*(2+!()!*+&,#4.@

"#$%&' I)!"/-A!2@=-.'=&@!4#0=-$&+.!-1!;<J!'C?&'00#-5!#5!=4'!3#11'&'5=!0=+$'0!-1!3'N'/-?.'5=!-1!=4'!2'//0>!P4'!@!+C#0!04-A0!

&'/+=#N'!2'//!2-%5=!1-&!'+24!?-?%/+=#-56!+53!=4'!C!+C#0!04-A0!;<J!'C?&'00#-5>!;<J!8$&''5:!0'2-53+&@!+5=#7-3@!87/%':!5-=!0=+#5'3!

2'//0!8$&'@:>

H351 /5! ;35;45?! 9,! '88712:+72(5);51;5! *35! 5G<(5))'21! 2:! OWQ! '1! *35! 'DX;! 01?! (2)5**5)!

()!*+&, 7595;.:Y5!*5)*5? OWQ '88712(50;*'>'*, '1!*35!YH!'DX;!7)'1=!01*'92?'5) 0=0'1)*!*35!

ac*5(8'17)!01?!Oc*5(8'17)@!Y5!:271? *30*!'1!YH 'DX;-!OWQ!Oc 01?!ac*5(8'10+!0(5 +2;0*5? '1!

*35!8589(015!2:!*35!;5++)!()!*+&,#75#C5#D5#E5#F5#G5#H.5#/3'+5!12!5G<(5))'21!/0)!29)5(>5?!'1!

*35! 15=0*'>5! ;21*(2+! :2(! 92*3! OWQ! 01*'92?'5)! ()!*+&,# 75# I5# J.:# .1! /3'*5! /5! ;01! )55! *35!

;2+2;0+'N0*'21 2:!92*3!80(45()!'1!*35!8589(015!2:!*35!;5++)-!/'*3!*35)5!01*'92?'5)!/5!;35;45?!

*35!<(5)51;5!2:!*35!?'::5(51*!')2:2(8)!2:!*35!OWQ!()!*+&, 75#)5#K5#L.:

Y5!;35;45?!0+)2!*35!5G<(5))'21!2:!ZL"!'1!YH!'DX;@!W)!5G<5;*5?-!ZL"!')!+2;0*5? '1!*35!<+0)80!

8589(015!()!*+&,#9 F. 01?!;2+2;0+'N5? /'*3!OWQ P'1!/3'*5!)!*+&,#9#FR@!.1!OWQ CL!;5++)!/5!

)*'++!?5*5;*!ZL"!'88712(50;*'>'*,!P&'=7(5!%-!U-![-!IR@

_"

&2(!*35!YH!(2)5**5)- OWQ ()!*+&,#;#C5#D. 01?!ZL" ()!*+&,#;#F5#G.-!0(5!+2;0*5? '1!*35!0<';0+!

<0(*!2:!*35!;5++)!:0;'1=!*35!+7851!2:!*35!(2)5**5): P'1!/3'*5!)!*+&,#;#)5#K.:#W*!*35!?'::5(51*!)*0=5)!

/5!:271? *30*!OWQ!01?!ZL"!:2(8!0!('1=!0(271?!*35!+7851!*30* ;2+2;0+'N5!0*!*35!?'::5(51* ?0,)!

2:!?'::5(51*'0*'21!()!*+&,#;#)5#K.:

"#$%&'!R)!;<J!'C?&'00#-5!#5!bP #OF2>!;<J!TD='&.#5+/!'C?&'00#-5!#5!.+$'5=+!8<6![6!*:6!;<J!;D='&.#5+/!'C?&'00#-5!#5!$&''5!8^6!

S6!T:!M<O9!'C?&'00#-5!#5!7/%'!8;6!96!W:6!;<J!TD='&.#5+/!.'&$'3!A#=4!M<O9!8M6!c6!O:!;<J!D='&.#5+/!.'&$'3!A#=4!M<O9!8K6!d6!O:!;<J!

TD='&.#5+/6!;<J!;D='&.#5+/!.'&$'3!A#=4!M<O9! 8"6! ]6!J:!U`!L!.+$5#1#2+=#-5! B--.!CI! 8<6!^6!;6!M6!K6! "6![6!S6! 96! c6!d6! ]:!U`!L!

.+$5#1#2+=#-5!B--.!CU!8*6!T6!W6!O6!e6!J:>!T'$+=#N'!2-5=&-/0!8F6!P6!f6!Q6!b6!L:!U`L .+$5#1#2+=#-5 B--.!CI>

"#$%&'!U)!b=!#OF26!;<J!#5!$&''5!8<:!VW(!#5!.+$'5=+!8^:6!5%2/'#!A'&'!2-%5='&0=+#5'3!A#=4!M<O9!#5!7/%'>!;<J!.'&$'3!A#=4!M<O9!

8M:6!VW(!.'&$'3!A#=4!M<O9!8K:6!;<J!.'&$'3!A#=4!VW(!8":>!T'$+=#N'!2-5=&-/0!8[6!S6!96!c6!d6!]:>

_#

"#$%&'!X)!b=!&-0'=='0!+=!3#11'&'5=!0=+$'0!-1!3'N'/-?.'5=6!3+@!Y6!3+@!(`6!;<J!#5!$&''5!8<6[:!VW(!#5!.+$'5=+!8^6!S:6!5%2/'#!A'&'!

2-%5='&0=+#5'3!A#=4!M<O9!#5!7/%'>!;<J!.'&$'3!A#=4!M<O9!8M6!c:6!VW(!.'&$'3!A#=4!M<O9!8K6!d:6!;<J!.'&$'3!A#=4!VW(!8"6!]:>!

;8:8: /AO WX ,-&,P+"&

H2!CL OWQ! '1 'DX;-!/5! 7)5? 17;+52:5;*'21 2:!O0)fp! ),1*35*';!QaW! ('9217;+52<(2*5'1!

P&EFR!;28<+5G5)@!H35!O0)f!<(2*5'1!')!;289'15?!/'*3!=7'?5!QaW)!*2!:2(8!01!QaD!;28<+5G!

P)!*+&, <.:

"#$%&'!Y)!['5-.'!'3#=#5$!A-&E1/-A>!P4'!$%#3'!JT<0!7#53!=-!=4'!JTO!?%&#1#'3!;+0\!?&-='#5'!+53!1-&.!+!2-.?/'C'!=4+=!#0!

3'/#N'&'3!7@!'/'2=&-?-&+=#-5!#5=-!#OF2!2%/=%&'3!#5=-!0?'2#1#2!.'3#+!A#=4!;/-5'J!1-&!U_!4-%&0!=-!+//-A!=4'!'3#=#5$>

W:*5(!17;+52:5;*'21-!/5!')2+0*5!?'::5(51*!;+215) 9,!+'8'*5?!?'+7*'21-!*35!;5++)!/5(5!;7+*7(5?!

'1!"h ;8!?')3-!01?!'1?'>'?70+!;2+21'5)!:2(85?!*30*!/5!;27+?!')2+0*5!0:*5(!:5/!?0,)!2:!;7+*7(5!'1!

012*35(!<+0*5@ X285!2:!*35!;+215)!?'5?!0:*5(!:5/!?0,)!'1!;7+*7(5@ H32)5!*30*!=(5/ /5(5 ;35;45?!

_$

9,!:+2/!;,*285*(, :2( *35!5G<(5))'21!2:!OWQ@!Y5!5G;+7?5!*35!;+215)!/35(5!/5!30>5!)551!01!

5G<(5))'21!2:!OWQ-! +'45!;+215!%!/5!;01! )55!�#hq!2:!OWQ{ ;5++) ;28<0(5?!/'*3 ;+215!"^!

Ph-%\q!2:!OWQ!5G<(5))'21R!01?!"@"!Ph-f_qR ()!*+&,#M.:

H35!3')*2=(08!0+)2!)32/)!*35!?'::5(51;5!2:!OWQ!5G<(5))'21!95*/551!YH!'DX;!01?!*35!?'::5(51*!

;+215)-!/35(5!/5!;01!)55!*35!5G<(5))'21!2:!OWQ!'1!=(551!`#q!2:!OWQ!5G<(5))'21!'1!YH!'DX;-!

*30*!?'8'1')35?!:2(!*35!*/2!;+215)!"^!01?!"@"!/3'+5!'* ')!;+50(!*30*!/5!30>5!01!5G<(5))'21!'1!

;+215!% ()!*+&, M N#=C.@

Y5!0+)2!<5(:2(85?!0!/5)*5(1!9+2* 01?!*35!(5)7+*)!/5(5 ;21)')*51*!/'*3!:+2/!;,*285*(,!?0*0o

12!5G<(5))'21!2:!OWQ!'1!*35!;+215)!"@"!01?!"^!;28<0(5?!*2!3'=3!5G<(5))'21!2:!OWQ!'1!YH!

'DX;-!01! '1*51)5!901?!0<<50(5?!0*!%^!4E0@! !&2(!;+215!%- /5!;01!)55!0! :0'1*!901?!0*!%^!4E0!

(5:+5;*'1=!*35!:+2/!;,*285*(,!(5)7+*!"f-^^q!2:!OWQ!5G<(5))'21!()!*+&, =F.@!

"#$%&'!Z) "/-A!2@=-.'=&@!4#0=-$&+.!-1!;<J!'C?&'00#-5!#5!=4'!bP!#OF2!+53!=4'!3#11'&'5=!2/-5'0>!P4'!@!+C#0!04-A0!&'/+=#N'!2'//!

2-%5=!1-&!'+24!?-?%/+=#-56!+53!=4'!C!+C#0!04-A0!;<J!'C?&'00#-5>!;<J!8$&''5:!0'2-53+&@!+5=#7-3@!87/%':!5-=!0=+#5'3!2'//0!8$&'@:>

_%

"#$%&' _)!8<:!g!;<J!'C?&'00#-5!#5!=4'!2'//0!8^:!b'0='&5!7/-=!1-&!;<J!?&-='#5!#5!=4'!2'//0 ;<J!UY EM+!+53!+2=#5'!UI EM+>

W)!/5++!*2!95!)7(5!2:!*35 CL /5!8'G*!*35!;+215)!/'*3!YH!'DX; 01?!/5!;01!)55!*30*!/5!30>5!

*/2!<';4)- 215!OWQ!<2)'*'>5!01?!*35!)5;21?!OWQ!15=0*'>5!)32/'1=!*30*!/5!30>5!*/2!?'::5(51*!

<2<7+0*'21) ()!*+&, ?.@

"#$%&'!\)!"/-A!2@=-.'=&@!4#0=-$&+.!-1!;<J!'C?&'00#-5!#5!=4'!bP!#OF2!#5!-5'!-1!=4'!2/-5'0!+53!#5!=4'!.#C'3!-1!7-=4!bP!#OF2!

+53!=4'!2/-5'! #5! =4'!0+.'!4#0=-$&+.>!P4'!@!+C#0!04-A0!&'/+=#N'!2'//!2-%5=! 1-&!'+24!?-?%/+=#-56!+53!=4'!C!+C#0!04-A0!;<J!

'C?&'00#-5>!;<J!8$&''5:!0'2-53+&@!+5=#7-3@!87/%':!5-=!0=+#5'3!2'//0!8$&'@:>

.DX; '1!;7+*7(5!)32/5?!0!?'::5(51;5!'1!*5(8)!2:!;2+21'5)!:2(80*'21-!:2(!*35!YH!'DX;!*35!

;2+21'5)!/35(5!;28<0;*!;28<0(5?!*2!*35!2*35(!*/2!;+215)!/35(5!/5!;01!)55!*30*!*35!;2+21'5)!

0(5!82(5!5G*51?5?!)<5;'0++,!:2(!;+215!"^!()!*+&, -O.@!I224'1=!0*!*35!)30<5!01?!17895(!2:!*35!

;5++)-!/5!;01!)55!*30*!/5!30>5!82(5!;5++)!YH!'DX;!;28<0(5?!*2!*35!*/2!OWQ!CL!;+215)@ .*!

/0)!0+)2!;+50(!'1!*35!'88712:+72(5);51;5!2:!*35!;5++)!+224'1=!0*!*35!EWD.-!/5!30>5!+5))!;5++)!

! _\!

'1!*35!;+215!"^!01?!"@"@!YH!'DX;!/5(5!0+)2!82(5!=(27<5?!01?!0**0;35?!215!*2!*35!2*35(!()!*+&,#

-O.@!!

!

!!

"#$%&'!(`)!P&+50.#=='3!/#$4=!.#2&-02-?@!#.+$'0!04-A#5$!=4'!2'//0!#5!2%/=%&'!8<:>!bP!#OF;F6!8^:>!;J9FOJ!2/-5'!(Y6!8;:>!;J9FOJ!

2/-5'!(>(>!!

!H2!?5*5(8'15!':!*35!;+215)!(5*0'15?!<+7('<2*51;,-!/5!+095+5?!*35!;5++)!/'*3!01*'cX2G#-!cL;*%!

01?! ca012=! 01*'92?'5)@! Y5! :271?! *30*! *35! YH! 01?! OWQ! CL! ;+215)! 5G<(5))5?! *35)5!

*(01);('<*'21!:0;*2()-!;21)')*51*!/'*3!*35!<+7('<2*51;,!()!*+&,#--5-45-7.:#W)!/'*3!*35!;2+21'5)-!

*35!;5++)!0(5!82(5!;28<0;*!:2(!*35!YH!;28<0(5?!*2!*35!*/2!;+215)!/35(5!*35!;5++)!0(5!82(5!

5G*51?5?!01?!)5<0(0*5?!215!:(28!*35!2*35(!()!*+&,#--(C.5-4(C.5-7(C..@#

'

''

"#$%&'!(()!P&+50.#=='3! /#$4=!.#2&-02-?@! #.+$'0!04-A#5$!bP! #OF!2'//0! #5!2%/=%&'! 8<:>!;-D'C?&'00#-5!-1!%53#11'&'5=#+='3!2'//!

.+&E'&0!W2=U!#5!.+$'5=+!8M:6!F-CI!#5!7/%'!8K:6!+53!T+5-$!#5!$&''5!8^:!#5!bP!#OF2>!T%2/'#!A'&'!2-%5='&0=+#5'3!A#=4!M<O9!#5!

$&'@!8;6!":>!

'

! _^!

''

"#$%&'!(I)!P&+50.#=='3!/#$4=!.#2&-02-?@!#.+$'0!04-A#5$!=4'!2/-5'!(>(!#5!2%/=%&'!8<:>!;-D'C?&'00#-5!-1!%53#11'&'5=#+='3!2'//!

.+&E'&0!W2=U!#5!.+$'5=+!8M:6!F-CI!#5!7/%'!8K:6!!+53!T+5-$!#5!$&''5!8^:!#5!2/-5'!(6(>!T%2/'#!A'&'!2-%5='&0=+#5'3!A#=4!M<O9!#5!

$&'@!8;6!":>!

'

'

''

"#$%&'!(R)!P&+50.#=='3!/#$4=!.#2&-02-?@!#.+$'0!04-A#5$!2/-5'!(Y!#5!2%/=%&'!8<:>!;-D'C?&'00#-5!-1!%53#11'&'5=#+='3!2'//!.+&E'&0!

W2=U!#5!.+$'5=+!8M:6!F-CI!#5!7/%'!8K:6!+53!T+5-$!#5!$&''5!8^:!#5!2/-5'!(Y>!T%2/'#!A'&'!2-%5='&0=+#5'3!A#=4!M<O9!#5!$&'@!8;6!":>!

!H35(5:2(5-! OQ.XDQ! CL! :2(! OWQ! '1! 'DX;! 9,! ('9217;+52:5;*'21! (5)7+*5?! '1! )7;;5)):7+!

412;427*!2:!OWQ!'1!;+215)!"@"!01?!"^@!

! !

__

#="="#" F$&'3/:',(G;(/6-/<

Y5!7)5?!*3(55!=7'?5!QaW) *2!?5+5*5 OWQ!5G21!\@!L15!=7'?5!0*!*35!95='11'1=!2:!*35!5G21!

*35!)5;21?!'1!*35!8'??+5!01?!*35!+0)*!215!0*!*35!51?!2:!*35!5G21!\!2:!OWQ!=515!()!*+&, -9.@

H/2!=QaW)!9'1?!01?!;(50*5!0!?5+5*'21!95*/551!*358o!*3')!;27+?!95!95*/551!)=QaW!"!|!#!

P;(50*'1=!0!�_`!9<!?5+5*'21Rn!#!01?!$!P;(50*'1=!0!�_^!9<!?5+5*'21Rn!2(!"!01?!$!;(50*'1=!0!�"%$!9<!

?5+5*'21R@

"#$%&'!(U)!P4'!0#='!-1!dW!#5!=4'!;L<MJ!$'5'>!KC-5!X!#5!7/%'6!$%#3'!(!#5!$&''56!$%#3'!I!#5!&'36!$%#3'!R!#5!@'//-A!+53!=4'!=A-!

?&#.'&0!"A3hJ'N!#5!.+$'5=+>

W!DOQ!/0)!7)5?!*2!'?51*':,!*35!?5+5*'21)!'1!5G21!\!'1!;+215)!"@"!01?!"^@!H35!08<+':';0*'21!

2:!0!)'1=+5!901?!0*!%"f!9<!/0)!29)5(>5?!:2(!YH!'DX;!/3'+5!:2(!*35!;+215)!/5!30>5!?'::5(51;5!

95*/551!*358!01?!95*/551!*35!YH!'DX;@!&2(!*35!;+215!"^- /5!30>5!215!901?!0* �$%" 9<!P(5?!

0((2/R!)32/'1=!0!3282N,=27) ?5+5*'21-!*3')!901?!;01!95!5G<+0'15?!9,!?'::5(51*!<2))'9'+'*,!2:!

?5+5*'21!'1!*35!=51285!2:!*35!;5++) )7==5)*)!*30*!/5!?5+5*5?!*35!)5K751;5!95*/551!)=QaW!"!

01?!#-!2(!95*/551!)=QaW!#!01?!$@ Y3'+5!:2(!*35!;+215!"@"!/5!:271? */2!901?)o 215!0*! �$%"9<

)7==5)*'1= *30*!/5!?5+5*5?!*35!)5K751;5!95*/551!)=QaW!"!01?!#-!2(!95*/551!)=QaW!#!01?!$

01?! 0! )5;21?! 901?! 95+2/! 0*! �#_^! 9< P=(551! 0((2/R! )7==5)*)! *30*!/5! ?5+5*5?! *35! )5K751;5!

95*/551!)=QaW!"!01?!$-!*35!*/2!901?)!)7==5)*5? 0 35*5(2N,=27)!)*0*5!()!*+&, -;.@

H2!95!)7(5!/35(5!01?!32/!/5!;7*!*35!=51285- /5!)5K751;5? *35!DOQ!<(2?7;*)-!01?!/5!0+'=15?!

*35!)5K751;5)!/'*3!*35!YH!'DX;@ &2(!*35!;+215!"^!/5!;01!)55!*30*!*35!�$%"9< 901?!(5:+5;*)!*35!

;7*!95*/551!)=QaW"!01?!*35!)=QaW#!()!*+&, -<.@

_`

&2(!*35!;+215!"- *35 */2!<(2:'+5)!)32/!?5+5*'21 95*/551!*35!)=QaW"!01?!)=QaW#!:2(!*35!

�$%"9< 901?!()!*+&, -<5#2. 01?!0!)5;21?!<(2:'+5!)32/'1=!?5+5*'21)!95*/551!)=QaW"!01?!

)=QaW$ ()!*+&, -<5#A. 0+'=15?!/'*3!YH!'DX;@

"#$%&'!(X)!O;J!02&''5!8(>Xg!+$+&-0':!$'/!A#=4!O;J!?&-3%2=0!1-&!=4'!3#11'&'5=!2/-5'0>!P4'!@'//-A!+&&-A!1-&!=4'!2-5=&-/!7+53!

SU(\ 7?6!=4'!&'3!+&&-A!1-&!=4'S RU(!7?!7+53!+53!=4'!$&''5!+&&-A!1-&S IZY 7?!7+53>

"#$%&'!(Y) F'i%'52#5$!?&-1#/'!-1!2/-5'!(Y6!+53!2/-5'!(>( 8+!+53!7 +/#$5'3!A#=4!bP!#OF2!?&-1#/':>![%#3'!(!$&''56!$%#3' I #5!&'36!

$%#3'!R!#5!@'//-A>

! _f!

#="="="!'H;+01(+'613+360(+-I30-./'.9'01('$%&'JK'67./(,'

#"#"#"#"!'LH'-F?6'

H2!8045!)7(5! *30*!OWQ{!;5++)!?'?!12*!27*=(2/! *35!OWQ!v!;5++)-!/5!/01*5?! *351! *2! (5c

<5(:2(8!'88712:+72(5);51;5!21!*35!;5++)!*2!)55!OWQ!+5>5+)!95*/551!*35!?'::5(51*!;+215)!01?!

YH! 'DX;@!Y5! 7)5?! OWQ! Oc*5(8! 01?! OWQ! ac*5(8! 01*'92?'5)! '1! ;+215! "^! 01?! ;+215! "@"@!

O28<0(5?!*2!YH!'DX;-!/5!;01!)55!*30*!*35(5!/0)!12!5G<(5))'21!:2(!92*3!OWQ!Oc*5(8'10+!01?!

OWQcac*5(8'10+!'1!*35!*/2!;+215)!()!*+&,#-M5#P5#)5#65#Q.5#/3'+5!'*!/0)!;+50(!'1!YH!'DX;!'1!*35!

8589(015!2:!*35!;5++)-!17;+5'!/5(5!;271*5()*0'15?!/'*3!EWD.@!

H3')!(5)7+*!;21:'(8)!*35!*2*0+!OWQ!CL!:(28!*35!*/2!;+215)-!;+215!"^!01?!*35!;+215!"@"@!!

Y5! *351! ;35;45?! *35! +5>5+)! 2:!ZL"! '1! *35! ;5++)! *2! )55! ':! 0:*5(!OWQ!CL!2*35(! 671;*'21!

<(2*5'1)!0(5!0::5;*5?!0*! *3')!)*0=5!2:!?5>5+2<851*@!Y5!:271?!*30*!ZL"!/0)!5G<(5))5?!'1!*35!

8589(015!2:!*35!;5++)!:2(!YH!'DX;!01?!:2(!;+215!"^!01?!"@"!()!*+&,#-=5#C5#P5#6.5#/3'+5!:2(!OWQ!

ac*5(8'10+!/5!;01!)55!*35!)085!<(2:'+5!0)!95:2(5-!09)51;5!2:!5G<(5))'21!'1!*35!*/2!;+215)!01?!

<(5)51;5! '1! *35!8589(015! 2:!YH! 'DX;! ()!*+&,# -=5# F5# )5# Q.:#ZL"!/0)! 12*! 0::5;*5?! 9,! *35!

OQ.XDQ!CL!2:!OWQ-!'*!')!)*'++!5G<(5))5?!'1!*35!*/2!;+215)!/'*3!12!?'::5(51;5!;28<0(5?!*2!*35!

YH!'DX;@#H35!;2+2;0+'N0*'21!2:!OWQ!01?!ZL"!'1!YH!;5++)!')!)32/5?!'1!/3'*5!()!*+&,#-=5#R5#

G5#K.:!

! `h!

!!

!!

"#$%&'!(Z)!;<J!'C?&'00#-5!#5!bP!#OF26!2/-5'!(Y!+53!2/-5'!(>(>!;<J!;D='&.#5+/!'C?&'00#-5!#5!.+$'5=+!8<6!K6!9:6!;<J!TD='&.#5+/!

'C?&'00#-5!#5!$&''5!8^6!"6!c:!M<O9!'C?&'00#-5!#5!7/%'!8;6![6!d:6!;<J!TD='&.#5+/!+53!;<J!;D='&.#5+/!.'&$'3!A#=4!M<O9!8M6!S6!/:!

U`!L!.+$5#1#2+=#-5!B--.!CI>!

! `"!

!!

!

"#$%&'!(_)!;<J!+53!VW(!'C?&'00#-5!#5!bP!#OF26!2/-5'!(Y!+53!2/-5'!(>(>!VW(!'C?&'00#-5!#5!.+$'5=+!8<6!K6!9:6!;<J!'C?&'00#-5!#5!

$&''5!8^6!"6!c:!M<O9!'C?&'00#-5!#5!7/%'!8;6![6!d:6!VW(!+53!;<J!.'&$'3!A#=4!M<O9!8M6!S6!/:!U`!L!.+$5#1#2+=#-5!B--.!CI!

!!!!!!!!

! `#!

#="="D"!'LH'+.,(00(,C'

#"#"#"="!'M3N'!'

W)!)32/5?!092>5-!'DX;!/'++!?'::5(51*'0*5!'1*2!(2)5**5)!0:*5(!*35!BA!)*0=5@!W*!?0,!^!01?!?0,!

"h! *35!;5++)!/5(5! :'G5?!01?!)*0'15?!/'*3!?'::5(51*!80(45()! *2!;35;4! ':!/5!30>5!0!?'::5(51;5!

95*/551!YH!'DX;!01?!;+215)!"@"!01?!"^@!!OWQ!'88712(50;*'>'*,!/0)!<(5)51*!'1!*35!+7851!2:!

(2)5**5)!()!*+&,#;5#C.-!:2(8'1=!0!('1=-!01?!/5!;01!)55!*35!)085!5G<(5))'21!:2(!ZL"!'1!*35!+7851!

()!*+&,#;5#F.!*30*!/0)!;21:'(85?!9,!*35!;2+2;0+'N0*'21!2:!OWQ!01?!ZL"!()!*+&,#;5#).:!

W)!5G<5;*5?-!OWQ!'88712(50;*'>'*,!/0)!09)51*!'1!*35!(2)5**5)!2:!;+215)!"@"!01?!"^!()!*+&,#

-?5#)5#S.-!97*!/5!;01!)55!*30*!*35!5G<(5))'21!2:!ZL"!/0)!;21)5(>5?!'1!*35!+7851!2:!(2)5**5)!

:2(8'1=!0+)2!0!('1=p![2/5>5(-!*35!+7851!)'N5!/0)!?'::5(51*!;28<0(5?!*2!YH!'DX;-!'*!/0)!*22!

)80++5(!)<5;'0++,!'1!*35!;+215!"^!()!*+&,#-?5#D5#K.@!

&2(!;+215!"@"-!/5!30>5!(2)5**5)!/'*3!9'=!01?!)80++!+7851)!'1!*35!)085!BA-!97*!*35!17895(!2:!

9'=!+7851)!/0)!+5))!*301!*35!)80++!+7851!)'N5!()!*+&,#-?5#K.@#H35!+7851!)'N5!/0)!0+82)*!*35!

)085!'1!*35!BA!2:!;+215!"^!()!*+&,#-?5#D.#01?#"@"@!.8<2(*01*+,-!*35!)'N5!2:!*35!OWQ!CL!+7851)!

/0)!)80++5(!;28<0(5?!*2!*35!+7851!2:!YH!(2)5**5)!()!*+&,#-?5#F.@!

&2(!*35!+5>5+!2:!ac;0?35('1!/5!;01!)55!*30*!*35(5!')!12!?'::5(51;5!'1!*35!5G<(5))'21!:2(!*35!;+215)!

;28<0(5?!/'*3!YH!(2)5**5)!()!*+&,#-?5#05#G5#E.:#

Y5! (5<50*5?! *35! )085! '88712)*0'1'1=! 2:! BA)! :'G5?! 0*! *35! ?0,! "h! 2:! ?5>5+2<851*@!W)!

5G<5;*5?-!OWQ!'88712(50;*'>'*,!')!09)51*!'1!*35!*/2!;+215)!()!*+&,#4O5#)5#S.5#01?!<(5)51*!'1!

*35!YH!BA)!()!*+&,#4O5#C.:#ZL"!/0)!)*'++!'1!*35!+7851!2:!(2)5**5)-!97*!0*!*3')!)*0=5!/5!;01!)55!

;+50(+,!*35!?'::5(51;5!95*/551!*35!)'N5!2:!+7851!'1!*35!*/2!;+215)!;28<0(5?!*2!YH!(2)5**5)!

()!*+&,# 4O5# F5#D5# K.:#H35! +7851! 2:! (2)5**5)! ')! )80++5(! '1! *35! */2! ;+215)! ;28<0(5?! *2!YH!

(2)5**5)@# &2(! *35! 5G<(5))'21! 2:! ac;0?35('1! /5! ;01! )55! *30*! *35(5! ')! 12! ?'::5(51;5! '1! *35!

5G<(5))'21!:2(!*35!;+215)!;28<0(5?!/'*3!YH!(2)5**5)!()!*+&,#4O5#05#G5#E.:#

#

#

`$

"#$%&'!(\)!;<J6!VW(!+53!TD2+34'&#5!'C?&'00#-5!#5!&-0'=='0!3#11'&'5=#+='3 1&-.!bP!#OF26!2/-5'!(Y!+53!2/-5'!( >(!+=!3+@!Y>!;<J!

'C?&'00#-5! #5! $&''5! 8<6! "6! d:6! VW( 'C?&'00#-5! #5!.+$'5=+ 8^6![6! ]:>! TD2+34'&#5! 'C?&'00#-5! #5! 7/%'! 8;6! S6!*:>!T%2/'#!A'&'!

2-%5='&0=+#5'3 A#=4!M<O9!#5!$&'@ 8M6!96!T:>!;<J6!VW(!+53!TD2+34'&#5!.'&$'3!A#=4!M<O9!8K6!c6!W:!(`!L!.+$5#1#2+=#-5>

"#$%&'!I`)!;<J6!VW(!+53!TD2+34'&#5!'C?&'00#-5!#5!&-0'=='0!3#11'&'5=#+='3 1&-.!bP!#OF26!2/-5'!(Y!+53!2/-5'!(>(!+=!3+@!(`>!;<J!

'C?&'00#-5! #5! $&''5! 8<6! "6! d:6! VW( 'C?&'00#-5! #5!.+$'5=+ 8^6![6! ]:>! TD2+34'&#5! 'C?&'00#-5! #5! 7/%'! 8;6! S6!*:>!T%2/'#!A'&'!

2-%5='&0=+#5'3 A#=4!M<O9!#5!$&'@ 8M6!96!T:>!;<J6!VW(!+53!TD2+34'&#5!.'&$'3!A#=4!M<O9!8K6!c6!W:!(`!L!.+$5#1#2+=#-5>

! `%!

H2!)55!':!*35!?'::5(51;5!2:!+7851!17895(!/0)!)'=1':';01*-!/5!;271*5?!*35!17895(!2:!+7851)!

90)5?!21!*35!5G<(5))'21!2:!ZL"-!'1!BA!0*!?0,!^!01?!0*!?0,!"h-!9,!;271*'1=!*35!17895(!2:!<'14!

;'(;+5)!)32/'1=!ZL"!5G<(5))'21@!H351-!/5!<5(:2(85?!)*0*')*';0+!*5)*)!*2!)55!*35!)'=1':';01;,!2:!

*35!?'::5(51;5!95*/551!YH!(2)5**5)!01?!*35!(2)5**5)!?'::5(51*'0*5?!:(28!*35!*/2!;+215)@!

#="="O"!'&.,(00('7;B(/,',-I('

#"#"#"D"!!M3N'!''

Y5!*351!K701*':'5?!*35!)'N5!2:!+7851)!'1!%!BA)!:2(!50;3!;+215@!.1!*35!:'()*!:'=7(5!/5!;01!)55!

*35!?')*('97*'21!2:!0(50)!'1!*35!BA)!2:!*35!?'::5(51*!;+215)!01?!YH!(2)5**5)@!&2(!;+215!"@"-!*35!

0(50)!0(5!95*/551!"!01?!"hh!8';(21%-!01?!'1!)285!2:!*35!BA)!/5!;01!)55!0(50)!092>5!"hhh!

8';(21%401?!*3')!/0)!;+50(!'1!*35!()!*+&,#-?5#F5#D5#K.-!:2(!;+215!"^!*35!?')*('97*'21!2:!*35!0(50)!

')!95*/551!"!01?!"hhh!8';(21%-!97*!*35!82)*!2:!*35!0(50)!/5(5!95*/551!"!01?!\h!8';(21%!/3'+5!

:2(!*35!YH!*35!?')*('97*'21!2:!0(50)!)*0(*)!:(28!"h!8';(21%!01?!=25)!092>5!"hhh!8';(21%()!*+&,#

4-5#2.@!W+)2-!*35!3')*2=(08)!)32/!*35!?'::5(51;5!95*/551!YH!01?!*35!*/2!;+215)-!*35!<(2:'+5)!

2:!92*3!;+215)!0(5!?'::5(51*!:(28!*35!YH!()!*+&,#4-5#A.:!

Y'*3!*35!X30<'(2cY'+4!12(80+'*,-!/5!;35;45?!*35!8501!2:!*35!0(50)!:2(!*35!?'::5(51*!;+215)-!

01?!*35,!/5(5!0+)2!12(80++,!?')*('97*5?@!H351-!/'*3!WaLVW!*5)*!/5!:271?!*30*!*35!?'::5(51;5!

95*/551!*35!;+215)!')!)'=1':';01*!<!�!h@hhh_`%@!!

Y'*3! *35! *! *5)*!/5! ;01! )55!/35(5! ')! *35! ?'::5(51;5! 95*/551! *35! ;+215)@!H35! ?'::5(51;5!/0)!

)'=1':';01*!95*/551!*35!YH!01?!*35!*/2!;+215)-!YH!>)!;+215!"@"!<!�!h@hhh$$hf-!YH!>)!;+215!

"^!<!�!h@hh^$$^-!97*! '*!/0)!12*!)'=1':';01*!95*/551!*35! */2!;+215)!"@"!01?!"^!<!�!h@h``\^!

()!*+&,#44.:#

`\

"#$%&'!I()!+> Q#-/#5!?/-=!04-A#5$!=4'!3#0=&#7%=#-5!-1!+&'+!8.#2&-5':!!"#$%&"'#()(*#$%&"'#(+#,"-#./#0&1'22'1)#30',1#$&4"2'-#5,1'-#

&"#26'#'780'11!&"#&9#:;(# !"#26'# %4<'"#&9#0&1'22'1# !"#',$6 =>)# ?"#0'-#5&7#8%&21#0'80'1'"2#<',"1#&9#26'#,0',1#,2#-,@#+#&9#

-!99'0'"2!,2!&")#5)#S#0=-$&+.0!04-A#5$!=4'!3'50#=@!-1!+&'+j0!3#0=&#7%=#-5 !"#./#$%&"'#(+#,"-#$%&"'#()(#0&1'22'1)

`^

"#$%&'!II)!M-=!?/-=!04-A#5$!=4'!3#0=&#7%=#-5!-1!=4'!.'+5!-1!+&'+0!8.#2&-5':!#5!'+24!K^!&9#$%&"'#()(*#$%&"'#(+#,"-#./#0&1'22'1)#

30',1#$&4"2'-#5,1'-#&"#26'#'780'11!&"#&9#:;(#!"#26'#%4<'"#&9#0&1'22'1)#A'-#5,0#16&B1#26'#<',"#&9#26' <',"1#&9#,0',1#,2#

-,@#+#&9#-!99'0'"2!,2!&")

"#"#"#$# M3N "%

H35!)085!:2(!?0,!"h-!/5!;35;45?!7)'1=!C2+82=2(2>cX8'(12>!*5)*!':!*35!?')*('97*'21!2:!*35!

0(50)!')!*35!)085!'1!50;3!;+215@!I'45!?0,!^- *35!0(50)!/5(5 12(80++,!?')*('97*5?!:2(!*35!YH!01?!

*35!*/2!;+215)@ .1!*35!:'()*!:'=7(5!/5!;01!)55!*35!?')*('97*'21!2:!0(50)!'1!*35!BA)!2:!*35!?'::5(51*!

;+215)!01?!*35!YH@!&2(!;+215!"@"- *35!?')*('97*'21!2:!*35!0(50)!') \!*2 "hh!8';(21%-!:2(!*35!;+215!

"^!*35!?')*('97*'21!')!95*/551!"h 01?!"hh!8';(21%-!/3'+5!:2(!*35!YH!*35!?')*('97*'21!2:!0(50)!

)*0(*)!:(28!"h!8';(21% 01?!=25)!092>5!"hhh!8';(21%-!01?!*35!82)*!2:!*35!0(50)!0(5!092>5!\h!

8';(21% ()!*+&,# 475# 2.: W??'*'210++,-! *35! ?'::5(51;5! 95*/551!YH! 01?! *35! */2! ;+215)-! *35!

<(2:'+5)!2:!92*3!;+215)!0(5!?'::5(51*!:(28!*35!YH!()!*+&,#475#A.:

Y'*3!*35!X30<'(2cY'+4!12(80+'*,!*5)*!/5!;35;45?!*35 8501)!2:!*35!0(50)!:2(!*35!?'::5(51*!;+215)-!

01?!*35,!/5(5!0+)2!12(80++,!?')*('97*5?@!H351-!/'*3!WaLVW *5)*!/5!)32/!*30*!*35!?'::5(51;5!

95*/551!*35!;+215)!')!)'=1':';01*!< �!h@hh#h^@!

Y'*3! *35! *! *5)*!/5! ;01! )55! 0 ?'::5(51;5! 95*/551! *35! ;+215)@! H35! ?'::5(51;5!/0)! )'=1':';01*!

95*/551!*35!YH 01?!*35!*/2!;+215)!P<c>0+75!�!h@\R!97*!12* )'=1':';01*!95*/551!*35!;+215)!"@"!

01?!"^! P<!�!h@\R ()!*+&,#49.: H35(5!/0)!12!?'::5(51;5! '1! *35!17895(!2:!157(0+! (2)5**5)pBA

)7==5)*'1=!*30*!?5;(50)5?!+7851!)'N5!?'?!12*!0::5;*!*35!5::';'51;,!2:!157(0+!(2)5**5!:2(80*'21@

`_

"#$%&'!IR)!Q#-/#5!?/-=!04-A#5$!=4'!3#0=&#7%=#-5!-1!+&'+!8.#2&-5I:!#5!2/-5'!(>(6!2/-5'!(Y!+53!bP!&-0'=='0>!<&'+0!2-%5='3!7+0'3!

-5!=4'!'C?&'00#-5!-1!VW(! #5!=4'! /%.'5!-1!&-0'=='0! #5!'+24 K^>! 95!&'3!7-C!?/-=0!&'?&'0'5=!.'+50!-1!=4'!+&'+0!+=!3+@!(`!-1!

3#11'&'5=#+=#-5>!5)#S#0=-$&+.0!04-A#5$!=4'!3'50#=@!-1!+&'+j0!3#0=&#7%=#-5 !"#./#$%&"'#(+#,"-#$%&"'#()(#0&1'22'1)

``

"#$%&'!IU)!M-=!?/-=!04-A#5$!=4'!3#0=&#7%=#-5!-1!=4'!.'+5!-1!+&'+0!8.#2&-5':!#5!'+24!K^!&9#$%&"'#()(*#$%&"'#(+#,"-#./#0&1'22'1)#

30',1#$&4"2'-#5,1'-#&"#26'#'780'11!&"#&9#:;(#!"#26'#%4<'"#&9#0&1'22'1)#A'-#5,0#16&B1#26'#<',"#&9#26C#<',"1#&9#,0',1#,2#

-,@#(D#&9#-!99'0'"2!,2!&")

#="="P" EQ 63:1(+-/'()*+(,,-./'-/'+.,(00(,

a57(0+!(2)5**5)!0(5!;30(0;*5('N5?!9,!*35!+2;0+'N0*'21 2:!ZLc"!0*!*35 0<';0+!<0(*!2: (2)5**5)-!

/35(59,!ZLc"!')!;2+2;0+'N5?!/'*3!OWQ!01?!*35!157(25<'*35+'0+!80(45(!ac;0?35('1 0*!0?35(51*)

671;*'21)!01?!*35,!0++!:2(8!0!('1=!0(271? *35!+7851!'1!(2)5**5)!()!*+&,#-?5#4O.: OWQ!5G<(5))'21!

')!09)51*!'1!;+215!"^!/3'+5!*35!*/2!80(45()!ZL"!01?!ac;0?35('1!0(5!92*3!)*'++!5G<(5))5?!:2(8'1=!

0!('1=!0(271?!*35!+7851-!*35,!/5(5!12*!0::5;*5?!9,!OWQ!42!()!*+&,#4<5#05#0T5#G5#GT.@

W(+"$!')!5G<(5))5?!'1!*35!0<';0+!<0(*!2:!80*7(5!YH!(2)5**5)-!/35(5!'*)!<2'1*'1=!*2/0(?)!*35!

+7851-!0+)2![$c<32)<32! ')!3'=3+,!5G<(5))5?! '1! *35! +7851!2:! (2)5**5)! '1?';0*'1=! *30*!8'*2*';!

;5++)!0(5!<(5)51*!;+2)5!*2!*35!+7851!()!*+&,#4<.:

! `f!

'

''

"#$%&'!IX!)!;<J!'C?&'00#-5!#5!2/-5'!(Y!+=!3+@!(`!#5!$&''5!8<6!<j6"6!"j:6!VW(!'C?&'00#-5!#5!.+$'5=+!!8^6!^j6![6![j:6!TD2+34'&#5!

'C?&'00#-5!#5!7/%'!8;6!;j6!S6!Sj:!!M<O9!'C?&'00#-5!#5!$&'@!8M6!Mj6!96!9j:6!;<J!6!VW(6!TD2+34'&#5!.'&$'3!A#=4!M<O9!8K6!Kj6!c6!cj:!U`!L!

.+$5#1#2+=#-5!B--.!CI!8!"6![6!S6!9!8(!1-2+/!?/+5':6!"j6![j6!Sj6!9j6!cj8(`!1-2+/!?/+5'0::6!U`!L!.+$5#1#2+=#-5!B--.!CU!8<6!^6!;6!M8!(!

1-2+/!?/+5':6<j6!^j6!;j6!Mj!8(`!1-2+/!?/+5'0::>!

'

''

"#$%&'!IY)!;<J!'C?&'00#-5!#5!bP!&-0'=='0!#5!$&''5!+=!3+@!(`!8<6!":6!SRDO4-0?4-!'C?&'00#-5!#5!.+$'5=+!8^6![:6!<&/(R!'C?&'00#-5!

#5!7/%'!8;6!S:!M<O9!'C?&'00#-5!#5!$&'@!8M6!9:6!;<J6!SRDO4-0?4-6!<&/(R!.'&$'3!A#=4!M<O9!8K6!c:!U`!L!.+$5#1#2+=#-5!B--.!CU!8<6!^6!

;6!M!9!8(!1-2+/!?/+5':6!"6![6!S6!96!c!8(`!1-2+/!?/+5'0::>!

! fh!

#="="!"!'$./67;,-./C'

H35!0(50!2:!+7851!'1!(2)5**5)!')!0::5;*5?!9,!OWQ!CL@!H35!+7851!0(50!2:!*35!(2)5**5)!'1!BA)!

2:!;+215!"@"!01?!"^!')!)80++5(!*301!'1!YH!(2)5**5)@!!

H35)5!?0*0!)7==5)*!*30*!*35!0<';0+!(5='21!2:!(2)5**5)!*30*!8'8';!*35!:2(80*'21!2:!157(0+!*795!'1!

>'>2-!5G<(5))5?!0?35(51*!671;*'21)!+'45!OWQ-!ZL"!01?!ac;0?35('1!0(271?!*35!+7851!/35(5!/5!

30>5!*35!<(5)51;5!2:!?'>'?'1=!8'*2*';!;5++)!W(+"${!01?![$c<32)<32!{@!

;8:C:!A>>%->31&Y&>#%.&/AO&WX&*EE%"(&6)#$,E%)*(,#-Z&

H2!;35;4!*35!<(2+':5(0*'21!2:!*35!;5++)-!/5!?'?!0!A(?b!'1;2(<2(0*'21!*2!)55!*35!)*0*5)!2:!*35!

;5++)! '1! *35! X! <30)5@!W)!/5! ;01! )55!/5! 30>5!82(5! ;5++)! '1! *35! X! <30)5! :2(! *35! */2! ;+215)!

;28<0(5?!/'*3!YH-!:2(!*35!;+215!"@"!/5!30>5!^$q!;5++)!'1!*35!X!<30)5-!01?!$`q!:2(!*35!;+215!

"^!/3'+5!:2(!*35!YH!/5!30>5!#\q@!W+)2-!':!/5!;28<0(5!*35!;5++)!'1!U"!/5!;01!)55!*30*!:2(!YH!

82(5!;5++)!0(5!'1!U"!%fq!;28<0(5?!*2!*35!*/2!;+215)!/5(5!:2(!*35!;+215!"-"!'1!*35!U"!#$q!01?!

:2(!*35!;+215!"^!/5!30>5!$`q!()!*+&,#4M.:!H3')!(5)7+*!)32/)!*30*!:2(!*35!*/2!;+215)!82(5!;5++)!

0(5! '1! *35!X!<30)5!01?!+5))!;5++)!0(5! '1! *35!U"!;28<0(5?!*2!YH!;5++)@![2/5>5(-!/5!?'?!12*!

5G<+2(5!*3')!<351285121!:7(*35(@!

f"

"#$%&'!IZ)!"/-A!2@=-.'=&@!&'0%/=0!04-A#5$!=4'!^&3f!/+7'//#5$!#5!bP!#OF2!#5!2/-5'!(Y!+53!2/-5'!(>(>

f#

!1" ;*/=)./0PQRG

A5;07)5!0;7*5!),)*58';!'1:+0880*'21!'8<0;*)!*35!+5>5+)!2:!OWQ!21!aDO)!PZ7NN,!5*!0+R-!/5!

0)45?!': 3'=3!:0*!?'5*!P[&ER 0::5;*)!OWQ!+5>5+)!'1!aDO)!*35!?51*0*5!=,(7) 2:!0?7+*!8';5@ J';5!

21!*3')!?'5*!5G3'9'*!>0);7+0(!'1:+0880*'21!01?!=+'0+!(50;*'>'*,!'1!*35!OaX@!Y5!*35(5:2(5 :55?!%c

/554c2+?!8';5!/'*3![&E :2(!`!/554)@!

.1!*3')!5G<5('851*!80+5!01?!:580+5!8';5!?'>'?5?!'1*2!:27( =(27<)o!)*01?0(?!?'5*!PXER-![&E-!

+'<2<2+,)0;;30('?5!PIDXR 01?!215!/'*3![&E!{!IDX@!J';5!/5(5!:55?!:2(!"!/554!/'*3!XE!*351!

`!/554)!/'*3![&E!01?!*35!+0)*!=(27<!2:!8';5!/5(5!:55?!:2(!`!/554)!/'*3![&E!01?!4'++5?!215

/554 +0*5(-!IDX!/0)!'165;*5?-!/3'+5!:2(!*35!IDX!=(27<!*35!8';5!/5(5!:55?!/'*3!12(80+!?'5*!:2(!

f!/554)!01?!215!/554!95:2(5!4'++'1=!*35!8';5!*35,!/5(5!'165;*5?!/'*3!IDX ()!*+&, -.@

"#$%&'!()!P#.'/#5'!-1!=4'!'C?'&#.'5=>!*+/'!+53!1'.+/'!.#2'!A'&'!?/+2'3!-5!FM6!S"M6!]OF!+53!S"Ma]OF!+=!_!A''E0!-/3>!<1='&!

_!A''E0!-1!3#'=6!.#2'!#5!S"Ma]OF!A'&'!#5,'2='3!A#=4!]OF6!-5'!A''E!+1='&!.#2'!A'&'!0+2&#1#2'36!=#00%'!2-//'2=#-5!A+0!?'&1-&.'3!

7@!2+&3#+2!?'&1%0#-5!8;O:6!-&!05+?!1&-B'5!8F":>

Y5!:271? *30*!80+5 8';5!21![&E =0'1'1=!82(5!/5'=3*!(5)<5;*!*2!80+5!8';5!21!XE PU �!

h@h\! '1! )*7?51*! *c*5)*R@! Y3'+5! :580+5 8';5! 0+)2! =0'15?! 82(5! /5'=3*! 0*! *35! 95='11'1=-! *35!

?'::5(51;5!/0) 12*!)*0*')*';0++,!)'=1':';01* 0*!?0,!""h@!&2(!*35!=(27<)!'165;*5?!/'*3!IDX!215!

/554!95:2(5!4'++'1=- *35!92?,!/5'=3*!(0<'?+,!?5;(50)5? *2!XE!+5>5+)!:2(!92*3!80+5)!01?!:580+5)

()!*+&, 4.@!!

f$

"#$%&'!I)!^-3@!A'#$4=!$+#5!#5!$&+.0!-1!=4'!.#2'!.+/'0!+53!1'.+/'0!#5!=4'!3#11'&'5=!$&-%?0!FM!80=+53+&3!3#'=:!+53!S"M!84#$4!

1+=!3#'=:!+53!S"Ma]OF!84#$4!1+=!3#'=!#5,'2='3!A#=4!/#?-?-/@0+224+&#3':>

Y5)*5(1! 9+2*! 010+,)')! 2:!OWQ! +5>5+)! '1! *35! 51*'(5! 9(0'1 )32/5?! 0! )'=1':';01*! ?'::5(51;5!

95*/551! *35! XE! 01?![&E! :2(! :580+5)! PU �! h@h%##R 01?! :2( 80+5)! PU �! h@h"$fR! ()!*+&,7.:!!

[2/5>5(-!0;7*5!'1:+0880*'21!'1?7;5?!9,!IDX ?'?!12* 0::5;*!*2*0+!OWQ!+5>5+)!'1!*35!9(0'1@

!!

"#$%&'!R)!b'0='&5!7/-= +5+/@0'0!1-&!;<J!/'N'/0!#5!=4'!'5=#&'!7&+#5>!+>!J'?&'0'5=+=#N'!#..%5-7/-=!04-A#5$!;<J!/'N'/0!#5!1'.+/'!

7&+#50!A#=4!3#11'&'5=!3#'=!FM!80=+53+&3!3#'=:!S"M!84#$4!1+=!3#'=:!S"Ma!]OF!84#$4!1+=!3#'=!#5,'2='3!A#=4!/#?-?-/@0+224+&#3':6!^D

=%7%/#5!%0'3!+0!+! /-+3#5$ 2-5=&-/>!7>!J'?&'0'5=+=#N'! #..%5-7/-=!04-A#5$!;<J! /'N'/0! #5!.+/'!7&+#50 A#=4!3#11'&'5=!3#'=!FM!

80=+53+&3!3#'=:!+53!S"M!84#$4!1+=!3#'=:6!+2=#5!%0'3!+0!+!/-+3#5$!2-5=&-/>!2> J'?&'0'5=+=#N'!#..%5-7/-=!04-A#5$!;<J!/'N'/0!#5!

.#2'!7&+#50 A#=4!3#11'&'5=!3#'=!FM!80=+53+&3!3#'=:!+53!]OF6!^D=%7%/#5!%0'3!+0!+!/-+3#5$!2-5=&-/>!

;C:;: /AO [&'/\&23*-(,E,"*(,#-V

W:*5(!(582>'1=!*35!9(0'1)!:(28!*35!8';5!01?!OWQ!'88712)*0'1'1=- /5!;271*!80170++,!*35!

17895(!2:!OWQ- ;5++)!'1!*35!XUZ!01?!=(017+0(!N215!2:!*35!?51*0*5!=,(7) ()!*+&, 95#;.@!Y5!

! f%!

:271?!)'=1':';01*!?'::5(51;5)!95*/551!*35!;232(*)@!&2(!*35!:580+5!8';5-!OWQ!5G<(5))'21!/0)!

+5))!'1!*35!=(27<!/'*3![&E!;28<0(5?!*2!*35!XE!=(27<!PU!�!h@h$#R-!IDX!;28<0(5?!*2!XE!PU!�!

h@h\R-!01?![&E{IDX!*35!?'::5(51;5!/0)!=(50*5)*@!W+)2-!':!/5!;28<0(5?!*35!=(27<![&E!/'*3!

*35![&E{IDX-!01?!*35!IDX!;28<0(5?!*2!*35![&E!{!IDX!*35!?'::5(51;5!')!)'=1':';01*#()!*+&,#

<2.@!

&2(!*35!80+5!8';5-!/5!?'?!12*!)55!0!)'=1':';01*!?'::5(51;5!95*/551!XE!01?![&E-!0+*327=3!/5!

30>5!+5))!OWQ!'1!*35![&E-!01?!/351!;28<0('1=!XE-!IDX-!2(![&E{IDX!PU!�!h@h\R@!Y5!:271?!

+5))!OWQ!'1!*35!XVZ!+0,5(!'1!80+5!8';5!;28<0(5?!*2!*35!XE@!J2(52>5(-!*35!?'::5(51;5!/0)!

)'=1':';01*!95*/551![&E!01?![&E{IDX-!97*!12*!:2(!IDX!>)@![&E{IDX!()!*+&,#<2.@!H35)5!

(5)7+*)!)32/!*30*!;3(21';-!+2/c+5>5+!'1:+0880*'21!'1?7;5?!9,![&E!;01!'8<0;*!OWQ!+5>5+)!'1!

157(2=51';!(5='21)!2:!*35!80880+'01!9(0'1@!

H2! ;35;4! ':! ?'5*c'1?7;5?! OWQ! +2))! 0::5;*5?! 2*35(! 80(45()! 2:! 0?7+*! 157(2=515)')-! /5!

);(5515?! *35! )5;*'21)! :2(! ?279+5;2(*'1! PEOeR-! /3';3! ')! 0! 80(45(! 2:! 157(29+0)*)p'880*7(5!

157(21)@!H35!;5++)! '1! *35!?51*0*5!=,(7)!<(2+':5(0*5-!01?!95:2(5!*35,!95;285!80*7(5!157(21)-!

*35,!)*0(*!*2!5)*09+')3!:71;*'210+!;2115;*'21)-!?7('1=!*3')!)*0=5!EOe!')!5G<(5))5?!'1!*35!;5++)!'1!

*35!?51*0*5!=,(7)!2:!*35!3'<<2;08<7)@!EOe-!;5++)!/5(5!K701*':'5?!'1!*35!EU!'1!*35!?'::5(51*!

;232(*)@!.1!*35!/32+5!3'<<2;08<7)-![&E!:580+5)!01?!IDX!:580+5)!30?!0!=(50*5(!17895(!2:!

EOe-!;5++)!;28<0(5?!/'*3!XE!8';5!01?![&E{IDX!=(27<@!H35(5!/0)!12!)'=1':';01*!?'::5(51;5!

95*/551!XE!01?![&E{IDX@!A,!;21*(0)*-!*35(5!/0)!0!)'=1':';01*!?'::5(51;5!95*/551!XE-![&E!

01?!IDX!=(27<)-!0)!/5++!0)!95*/551![&E{IDX!;28<0(5?!*2![&E-!IDX!01?!XE!=(27<!()!*+&,#

<A.@!H35(5:2(5-!/351!/5!30>5![&E!2(!IDX!/5!30>5!82(5!EOe-!;28<0(5?!*2!XE-!/3'+5!/351!

;289'15?!*2=5*35(![&E{IDX!*35!17895(!2:!EOe-4')!71;301=5?!:(28!;21*(2+)@!

&2(!*35!80+5!8';5-!/5!30>5!+5))!EOe-! '1!*35!=(27<!21+,!'165;*5?!/'*3!IDX-!/3'+5!/5!30>5!

82(5!EOe-!'1!*35!=(27<)![&E!01?![&E{IDX!;28<0(5?!*2!XE@!

Y5!K701*':'5?!*35!OWQ{pEOe{!;5++)@!Y5!:271?!*30*!:2(!*35!:580+5)!*35!?'::5(51;5!/0)!21+,!

)'=1':';01*!95*/551!*35!XE!01?![&E{IDX!P<!�!h@h"\R-!/3'+5!:2(!*35!80+5)!*35!?'::5(51;5!/0)!

12*!)'=1':';01*!95*/551!*35!?'::5(51*!=(27<)!()!*+&,#<#V5#3.@!

Y5!0+)2!0)45?!':!*35(5!/5(5!?'::5(51;5)!'1!*35!17895(!2:!OWQ{!;5++)!'1!*35!(2)*(0+!>)@!*35!;07?0+!

<0(*! 2:! *35! 3'<<2;08<7)@!Y5! :271?! *30*! *35! ?'::5(51;5! /0)! =(50*5(! '1! *35! ;07?0+! )5;*'21)!

;28<0(5?!*2!*35!(2)*(0+!:2(!92*3!80+5)!01?!:580+5)!()!*+&,#M25#A.:#

f\

"#$%&'!U)!;<J +53!M;L!'C?&'00#-5!#5!&-0=&+/!0'2=#-5!-1!3'5=+='!$@&%0!-1!.-%0'!7&+#5> ;<J!'C?&'00#-5!#5!$&''5 8<6!<j:6!M;L!

'C?&'00#-5! #5! &'3! 8^6 ^j:6! #5! @'//-A! =4'! 2-/-2+/#B+=#-5! -1! ;<J! +53! M;L! 8;6! ;j:6! .'&$'3! ;<J6! M;L! +53! M<O9! 8M6! Mj:>! U`L!

.+$5#1#2+=#-5> b4#='!+&&-A0!04-A#5$!A4+=!A'!2-50#3'&!;<Ja!8<j:!M;La!8^j:6!;<Ja!+53!M;La!8;j:>

"#$%&'!X)!;<J!+53!M;L!'C?&'00#-5!#5!2+%3+/!0'2=#-5!-1!3'5=+='!$@&%0!-1!.-%0'!7&+#5>!;<J!'C?&'00#-5!#5!$&''5!8<6!<j:6!M;L!

'C?&'00#-5! #5! &'3! 8^6! ^j:6! #5! @'//-A! =4'! 2-/-2+/#B+=#-5! -1! ;<J! +53! M;L! 8;6! ;j:6! .'&$'3! ;<J6! M;L! +53! M<O9! 8M6! Mj:>! U`L!

.+$5#1#2+=#-5> b4#='!+&&-A0!04-A#5$!A4+=!A'!2-50#3'&!;<Ja 8<j:!M;La!8^j:6!;<Ja!+53!M;La!8;j:>

f^

"#$%&' Y)!+>!;<J 'C?&'00#-5!#5!=4'!0%7$&+5%/+&!B-5'!/+@'&!-1!=4'!3'5=+='!$@&%0!#5!=4'!3#11'&'5=!$&-%?!-1!+3%/=!.#2'!A#=4!3#11'&'5=!

3#'=!FM!80=+53+&3!3#'=:!S"M!84#$4!1+=!3#'=:6!]OF!8#5,'2='3!A#=4!/#?-?-/@0+224+&#3':!S"Ma!]OF!84#$4!1+=!3#'=!+53!#5,'2='3!A#=4

/#?-?-/@0+224+&#3':6!1'.+/'0!#5!-&+5$'6!.+/'0!#5!7/%'>!7>!M;L!'C?&'00#-5!#5!=4'!0%7$&+5%/+&!B-5'!/+@'&!-1!=4'!3'5=+='!$@&%0!#5!

=4'! 3#11'&'5=! $&-%?! -1! +3%/=! .#2'! A#=4! 3#11'&'5=! 3#'=! FM! 80=+53+&3! 3#'=:! S"M! 84#$4! 1+=! 3#'=:6! ]OF! 8#5,'2='3! A#=4!

/#?-?-/@0+224+&#3':!S"Ma!]OF!84#$4!1+=!3#'=!+53!#5,'2='3!A#=4!/#?-?-/@0+224+&#3':6!1'.+/'0!#5!-&+5$'6!.+/'0!#5!7/%'> 2>!;<J +53!

M;L!2-/-2+/#B+=#-5!#5!=4'!0%7$&+5%/+&!B-5'!/+@'&!-1!=4'!3'5=+='!$@&%0!#5!=4'!3#11'&'5=!$&-%?!-1!+3%/=!.#2'!A#=4!3#11'&'5=!3#'=!

FM! 80=+53+&3! 3#'=:! S"M! 84#$4! 1+=! 3#'=:6! ]OF! 8#5,'2='3! A#=4! /#?-?-/@0+224+&#3':! S"Ma! ]OF! 84#$4! 1+=! 3#'=! +53! #5,'2='3! A#=4!

/#?-?-/@0+224+&#3':6!1'.+/'0!#5!-&+5$'6!.+/'0!#5!7/%'>!3>!;<J!+53!M;L!'C?&'00#-5!#5!=4'!0%7$&+5%/+&!B-5'!/+@'&!-1!+3%/=!M[!#5!

7-=4!.+/'0!+53!1'.+/'0>!;<J!#5!$&''56!M;L!#5!&'3>

"#$%&'!Z)!+>!;<J!'C?&'00#-5!#5!=4'!0%7$&+5%/+&!B-5'!/+@'&!-1!=4'!3'5=+='!$@&%0 #5!=4'!3#11'&'5=!$&-%?!-1!+3%/=!.#2'!A#=4!3#11'&'5=!

3#'=!FM!80=+53+&3!3#'=:!S"M!84#$4!1+=!3#'=:6!]OF!8#5,'2='3!A#=4!/#?-?-/@0+224+&#3':!S"Ma!]OF!84#$4!1+=!3#'=!+53!#5,'2='3!A#=4

/#?-?-/@0+224+&#3':6!"!1-&!1'.+/'06!*!1-&!.+/'06!3+&E!$&''5!1-&!&-0=&+/!0'2=#-50!1/%-!$&''5!1-&!2+%3+/!0'2=#-50>!7> M;L!'C?&'00#-5!

#5!=4'!0%7$&+5%/+&!B-5'!/+@'&!-1!=4'!3'5=+='!$@&%0!#5!=4'!3#11'&'5=!$&-%?!-1!+3%/=!.#2'!A#=4!3#11'&'5=!3#'=!FM!80=+53+&3!3#'=:!

S"M!84#$4!1+=!3#'=:6!]OF!8#5,'2='3!A#=4!/#?-?-/@0+224+&#3':!S"Ma!]OF!84#$4!1+=!3#'=!+53!#5,'2='3!A#=4!/#?-?-/@0+224+&#3':6!"!1-&!

1'.+/'06!*!1-&!.+/'06!3+&E!&'3!1-&!&-0=&+/!0'2=#-50!1/%-!&'3!1-&!2+%3+/!0'2=#-50>!!!!!!

&(28!*35)5!(5)7+*)!/5!;01!)0,!*30*!*35!?'5*!0::5;*)!*35!5G<(5))'21!2:!OWQ!'1!*35!EU!2:!0?7+*!

8';5!:2(!80+5)!01?!:580+5)-!01?!*35!17895(!2:!OWQ- 01?!EOe- ;5++)!?5;(50)5?!'1!*35!=(27<!

[&E{IDX!;28<0(5?!*2!XE!)<5;'0++,!'1!*35!:580+5)@

f_

;C:8: ]SAP&23*-(,E,"*(,#-V

.1!*35!;7((51*!)*7?,-!/5!0))5))5?!*35!5::5;*!2:![&E 21!)5>5(0+!)*0=5)!2:!0?7+*!157(2=515)')!

'1!*35!XUZ!2:!*35!?51*0*5!=,(7)@!a5/ 92(1!157(21)!2('='10*5!:(28!K7'5);51*!157(0+!<(2=51'*2(!

;5++)-!/3';3!='>5!(')5!*2!<(2=51'*2(!;5++)!95;28'1=!80*7(5!157(21)@!H2!0))5))!*35)5!:'()*!)*0=5)!

2:! 157(2=515)')-! *35! 17895(! 2:! U&WD! ;5++)! /0)! ;271*5?! '1! *35! ?51*0*5! =,(7)! 2:! *35!

3'<<2;08<7)@!BG<(5))'21!2:!U&WD ')!12*! +'8'*5?! *2!;5++)!?5)*'15?! *2!95;285!157(21)-! *35,!

80(45?!=+'0@

Y5! K701*':'5?! *35 U&WD! ;5++) *3(27=327*! 3'<<2;08<7) ()!*+&, =.@ Y3'+5! *35(5! /5(5! 12!

)'=1':';01*!5::5;*)!21!U&WD +5>5+)!9, ?'5*! '1! (2)*(0+!>)@ ;07?0+ (5='21)-!/5!:271?!)5Gc90)5?!

?'::5(51;5)@!&580+5)!30?!0!=(50*5(!17895(!2:!U&WD! ;5++)!;28<0(5?!/'*3!80+5)@!Y3'+5!?'5*!

30?!12!)'=1':';01*!5::5;* 95*/551!*35!?'::5(51*!=(27<)!:2(!92*3!80+5)!01?!:580+5) ()!*+&, ?5#

-O.@

"#$%&'!_)!["<O!'C?&'00#-5!#5!&-0=&+/!+53!2+%3+/!0'2=#-50!-1!3'5=+='!$@&%0!-1!.-%0'!7&+#5>!["<O!'C?&'00#-5!#5!&'3!8<6!K:6!M<O9

#5!7/%'!8^6!":6!.'&$'3!["<O!+53!M<O9!8;6![:>!U`L!.+$5#1#2+=#-5>!b4#='!+&&-A0!04-A#5$!A4+=!A'!2-50#3'&!["<Oa!8M6!S:>

f`

"#$%&'!\) ["<O!'C?&'00#-5!#5!=4'!0%7$&+5%/+&!B-5'!/+@'&!-1!=4'!3'5=+='!$@&%0!#5!=4'!3#11'&'5=!$&-%?!-1!+3%/=!.#2'!A#=4!3#11'&'5=!

3#'=!FM!80=+53+&3!3#'=:!S"M!84#$4!1+=!3#'=:6!]OF!8#5,'2='3!A#=4!/#?-?-/@0+224+&#3':!S"Ma!]OF!84#$4!1+=!3#'=!+53!#5,'2='3!A#=4!

/#?-?-/@0+224+&#3':6!1'.+/'0!#5!-&+5$'6!.+/'0!#5!7/%'>

"#$%&'!(`)!+>!J-0=&+/!["<O!'C?&'00#-5!#5!=4'!0%7$&+5%/+&!B-5'!/+@'&!-1!=4'!3'5=+='!$@&%0!#5!=4'!3#11'&'5=!$&-%?!-1!+3%/=!.#2'!

A#=4!3#11'&'5=!3#'=!FM!80=+53+&3!3#'=:!S"M!84#$4!1+=!3#'=:6!]OF!8#5,'2='3!A#=4!/#?-?-/@0+224+&#3':!S"Ma!]OF!84#$4!1+=!3#'=!+53!

#5,'2='3!A#=4!/#?-?-/@0+224+&#3':6!1'.+/'0!#5!-&+5$'6!.+/'0!#5!7/%'>!7>!;+%3+/!["<O!'C?&'00#-5!#5!=4'!0%7$&+5%/+&!B-5'!/+@'&!

-1!=4'!3'5=+='!$@&%0!#5!=4' 3#11'&'5=!$&-%?!-1!+3%/=!.#2'!A#=4!3#11'&'5=!3#'=!FM!80=+53+&3!3#'=:!S"M!84#$4!1+=!3#'=:6!]OF!8#5,'2='3!

A#=4!/#?-?-/@0+224+&#3':!S"Ma!]OF!84#$4!1+=!3#'=!+53!#5,'2='3!A#=4!/#?-?-/@0+224+&#3':6!1'.+/'0!#5!-&+5$'6!.+/'0!#5!7/%'>

! ff!

!

!

!

! !

! "hh!

! !

!"#$%&'(8*(9150/551-,(

!

! "h"!

!9"! R3/$=//3'&00

OWJ)! 0(5! '1>2+>5?! '1! )5>5(0+! <(2;5))5)! ?7('1=! OaX! ?5>5+2<851*! '1;+7?'1=! 157('*5!

5+21=0*'21!01?!;5++!8'=(0*'21@!L7(!3,<2*35)')!/0)! *30*!OWQ!<+0,)!01! '8<2(*01*! (2+5! '1! *35!

?5>5+2<'1=!01?!0?7+*!9(0'1-!'1!<0(*';7+0(!?7('1=!0?7+*!157(2=515)')@!

H35!:'()*!<0(*!2:!*35!*35)')!;30(0;*5('N5?!OWQ!5G<(5))'21!'1!*35!0?7+*!827)5!9(0'1@!.1!*3')!

)*7?,-! /5! ;28<0(5?! OWQ! '88712(50;*'>'*,! '1! O\_AIp^S! >)! O\_AIp^a! 8';5! 95;07)5!

(5)<21)5)! *2! )*(5))-!?'5*-! 01?! '1:+0880*'21!;01!=515(0*5!?'::5(51*! '1!8';5!?5<51?'1=!21! *35!

=515*';!90;4=(271?)!PO351!5*!0+@!#h"fn!J0*)72!#h"hR@!Y5!?5*5;*5?!12!?'::5(51;5!95*/551!*35)5!

8';5@!L:!12*5-! '1!27(! )*7?,!/5!7)5?!21+,!80+5!8';5-!01?!0+*327=3!71+'45+,-!OWQ!+5>5+)! '1!

:580+5!8';5!;27+?!30>5!30?!)285!?'::5(51;5)@!H35!;21;51*(0*'21!2:!32(8215)!P5)*(2=51R! '1!

:580+5!8';5!;27+?!0::5;*)!*35!5G<(5))'21!2:!OWQ-!!0)!*35!!"#$%!<(282*5(!;21*0'1)!01!5)*(2=51!

(5)<21)5!5+5851*!%'#*%'$@!!!

W+*327=3!OWQ!')!5G<(5))5?!'1!801,!9(0'1!(5='21)-!*35!0(50)!*30*!0**(0;*5?!27(!0**51*'21!/5(5!

'1!*35!80*7('1=!;5++)! '1! *35!LA-!XUZ-!01?!$32!>51*(';+5!2:! *35!3,<2*30+087)!c!0(50)!*30*!0(5!

(5+0*5?!*2!0?7+*!157(2=515)')@!H35!5G<(5))'21!2:!OWQ!'1!*35!?'::5(51*!(5='21)!)7==5)*)!87+*'<+5!

(2+5)!*30*!;27+?!95!<+0,5?!9,!OWQo!'1!*35!LA!01?!QJX!OWQ!5G<(5))'21!;27+?!95!'1>2+>5?!'1!

*35!:2(80*'21-!8'=(0*'21-!01?!'1*5=(0*'21-!2:!15/!92(1!;5++)!'1*2!5G')*'1=!;'(;7'*)@!.1!*35!XUZ!

2:!*35!3'<<2;08<7)-!OWQ!/0)!+2;0*5?!'1!*35!)280!2:!157(0+!<(5;7()2(!;5++)-!2(!'1!*35!0G21)!2:!

80*7(5!;5++)! '8<0;*)!9530>'2(-!;2=1'*'>5!8582('5)-!582*'21)!01?!)*(5))(@!H35!5G<(5))'21!2:!

OWQ!'1!*35!3,<2*30+087)!'1!*35!*01,;,*5)!')!'1*5(5)*'1=!95;07)5!*35)5!;5++)!<+0,!0!(2+5!'1!*35!

;21*(2+! 2:! 92?,!/5'=3*-! 515(=,! 90+01;5! 01?! 0! (2+5! '1! *35! (5+50)5! 2:! =210?2*(2<'1c(5+50)'1=!

32(8215@!!

.1!*35!XVZ!01?!'1!*35!QJX-!OWQ!;2+2;0+'N5)!/'*3!XLe#-!01?!EOe-!;5++)@!W!?'::5(51;5!

95*/551!*35)5!*/2!(5='21)!')!*30*!'1!*35!XVZ!)285!U&WD-4;5++)!0(5!OWQ-@!H35!)085!'1!*35!

XUZ-!OWQ!;2+2;0+'N5!/'*3!EOe-!01?!DXWcaOWJ-4;5++)!01?!'*!')!09)51*!'1!U&WD-4;5++)@!H35!

?279+5!)*0'1'1=!2:!;5++!;01!'?51*':,!*35!*,<5!2:!;5++)!*30*!0(5!<(5)51*!'1!0!)<5;':';!(5='21!01?!'*!

/0)!7)5?!'1!801,!)*7?'5)!'1*5(5)*5?!0927*!157(2=515)')!'*,*!'!@!W)!851*'215?!'1!*35!'1*(2?7;*'21-!

U&WD-!;5++)!0(5!12*!5G;+7)'>5+,!=+'0+!;5++)@!.1!*35!XVZ-!U&WD-4;5++)!0(5!)*58!;5++)-!/3'+5!'1!*35!

QJX!U&WD-4;5++)!0(5!=+'0+!;5++)!*30*!)5(>5!0)!0!);0::2+?!:2(!*35!;30'1!8'=(0*'21!2:!*35!157(210+!

<(5;7()2()!;5++)!*2!(50;3!*35!:'10+!?5)*'10*'21!'1!*35!LA!%+!"%+&*%,)@!.1!*35!XUZ-!OWQ!')!:271?!'1!

! "h#!

*,<5!#9!;5++)!*30*!30>5!)*0(*5?!:0*5!)<5;':';0*'21@!.1!*35!XUZ-!=+'0+!;5++)!0(5!3'=3+,!<(5)51*!01?!

*35,!0;*!0)!)7<<2(*!;5++)-!97*!*35,!0(5!OWQc15=0*'>5(*!#*$%@4

Y5!*351!7)5?!OWQ!+2))!2:!:71;*'21!0)!01!0<<(20;3!*2!71?5()*01?!'*)!:71;*'21!?7('1=!*35!

:2(80*'21!2:!*35!157(0+!*795@!&'()*-!/5!7)5?!'DX;!0)!0!82?5+!),)*58!0)!*35,!;01!95!'1?7;5?!*2!

95;285!0+82)*!01,!;5++!*,<5!'1!*35!92?,!!$+*%,!@!H35!:2(80*'21!2:!*35!157(0+!*795!'1!>'*(2-!/3';3!

?5<51?)!21!*35!;7+*7(5!2:!'DX;!'1!0!)7)<51)'21!;7+*7(5!2(!$E!;7+*7(5-!')!90)5?!21!*35!:2(80*'21!

2:!589(,2'?!92?'5)!;0<09+5!2:! :2(8'1=!0!87+*'+0,5(5?!)*(7;*7(5! *30*!/'++!='>5!(')5! *2!157(0+!

(2)5**5)!*30*!8'8';!*35!157(0+!*795!'1!>'*(2!!!%"!!+@!Q2)5**5)!0(5!87+*'+0,5(5?!;5++)!/'*3!0<';0+!

01?!90)0+!?280'1!)7((271?'1=!0!+7851!!!(*!!$*!%'*!%$@!

&'()*-!/5!;30(0;*5('N5?!*35!5G<(5))'21!2:!OWQ!'1!*35!?'::5(51*!)*0=5)!2:!?'::5(51*'0*'21!9,!

/5)*5(1!9+2*-!'887123')*2;358')*(,-!01?!9,!:+2/!;,*285*(,@!H2!CL!OWQ-!/5!'1'*'0++,!*('5?!

7)'1=!OWQ!OQ.XDQpO0)f!CL!<+0)8'?!P3R!*30*!;21)')*)!2:!0!<22+!2:!*3(55!<+0)8'?)!51;2?'1=!

*35!O0)f!17;+50)5!01?!*0(=5*c)<5;':';!#h!1*!=7'?5!QaW)!P=QaWR@!H(01):5;*'21!/0)!;21*(2++5?!

9,!>')70+'N'1=!U&D!5<':+72(5);51;5@!

&2(!;+210+!)5+5;*'21-!U&Dc<2)'*'>5!;5++)!/5(5!)2(*5?@!H35!<(29+58)!*30*!/5!51;271*5(5?!7)'1=!

*3')!*5;31'K75o!

•! 0!+2/!<5(;51*0=5!2:!OWQ!CL!;5++)!

•! *35!;5++)!?'5?!0:*5(!*35!)2(*'1=!

•! /5!/5(5!12*!7)'1=!01*'9'2*';)!'1!*35!85?'0!2:!'DX;-!01?!'1!*35!*(01):5;*'21!85?'78!)2!

*35!(')4!2:!;21*08'10*'21!/0)!>5(,!3'=3!0:*5(!*35!)2(*'1=@!!

W:*5(!*3')!0**58<*-!/5!+2245?!:2(!0!),)*58!*2!;'(;78>51*!*35)5!<(29+58)@!&2(!*30*!/5!7)5?!

17;+52:5;*'21-!/3';3!;21)')*)!2:!<7(':'5?!O0)f!<(2*5'1!;289'15?!/'*3!=7'?5!QaW)!*2!:2(8!01!

QaD!P('9217;+52<(2*5'1R@!H35!QaD!/0)!5+5;*(2<2(0*5?!7)'1=!0!<(2*2;2+!*30*!0++2/)!*35!QaD!*2!

51*5(!K7';4+,!*35!17;+57)!2:!*35!;5++)!01?!)*0(*!;7**'1=!*35!=51285!/'*327*!+2)'1=!*35!*'85!*0451!

9,!*35!<+0)8'?)!*30*!87)*!:'()*!95!*(01)<2(*5?!*2!*35!17;+57)!7)'1=!*35!80;3'15(,!2:!*35!;5++)!:2(!

QaW! *(01);('<*'21! 2:! 92*3!O0)f! 01?! =QaW! 51;2?'1=!8QaW! *351! *35! *(01)+0*'21! 2:!O0)cf!

<(2*5'1!:2(80*'21!2:!*35!;28<+5G-!0++!*35)5!)*5<)!95:2(5!)*0(*'1=!*35!;7**'1=@!W+)2-!/'*3!*35!QaD!

/5!(5?7;5!*35!2::c*0(=5*!5::5;*)!01?!:22*<('1*)-!0)!:5/5(!'1)5(*'21!2:!:(0=851*5?!<+0)8'?!0(5!

'1)5(*5?!'1!*35!=51285!/351!/5!'1*(2?7;5!=QaW!0)!5G<(5))'21!<+0)8'?@!!

H35!15G*!;30++51=5!/0)! *30*! (2)5**5)!0(5!=(27<)!2:!;5++)! (0?'0++,!0((01=5?!)7((271?'1=!0!

;51*(0+!0<';0+!+7851-!*2!CL!OWQ!/5!)327+?!9(504!*35!;5++)!'1*2!)'1=+5!;5++)!01?!/5!/'++!12*!95!

! "h$!

09+5!*2!(5:2(8!*35!(2)5**5)!0:*5(!9(504'1=!*358@!H35(5:2(5-!/5!30?!*2!/2(4!7<)*(508!2:!(2)5**5!

:2(80*'21!01?!<5(:2(8!OQ.XDQ!'1!'DX;@!

H35!/50415))!2:!27(!)*7?,!/0)!*30*!'*!:2;7)5?!21!;28<+5*5!+2))!2:!OWQ@!W1?!/3'+5!*35(5!

0(5! 12!?0*0! *30*! ?5821)*(0*5! 2*35(! ')2:2(8)!2:!OWQ!0(5! <(5)51*! '1! *35! ?5>5+2<'1=!9(0'1-! '*!

;0112*!95!:2(80++,!5G;+7?5?!*30*!2*35(!')2:2(8!;01!<0(*'0++,!)79)*'*7*5!:2(!;28<+5*5!CL@!&2(!

5G08<+5-! 0!CL!82?5+!/0)! <(2?7;5?! *2! )55! *35! ?'::5(51;5! 95*/551! *35! */2! *(01)8589(015!

')2:2(8)!(5+0*'>5+,!OWQ56,! 01?!OWQ56#@!CL!/0)!?215! '1! *35!0'(/0,!5<'*35+'0+!37801!;5++)!

/35(5!*35,!'?51*':'5?!*35!90)2+0*5(0+!+2;0+'N0*'21!2:!OWQ56,!/3'+5!*35!OWQ56#!5G3'9'*!01!0<';0+!

+2;0+'N0*'21!01?!*35!;5++)!<(5)51*)!0!3'=3!5::';0;'*,!2:!'1:5;*'21!?75!*2!OWQ56#!5G<(5))'21!()@!

H3')!(5)7+*!)32/!*30*!CL!'1!?'::5(51*!5G21)!;27+?!82?':,!OWQ!:71;*'21@!!

X*0(*'1=!:(28!OWQ!CL!'DX;-!/5!*('5?!*2!71(0>5+!*35!:71;*'21!2:!OWQ!?7('1=!*35!:2(80*'21!

2:!*35!157(0+!*795@!W*!?'::5(51*!)*0=5)!2:!(2)5**5)!?5>5+2<851*-!/5!)0/!*30*!OWQ!/0)!5G<(5))5?!

'1!*35!+7851!2:!*35!;5++)!*351!:2(8!0!('1=!0(271?!*35!+7851!/35(5!/5!)0/!0+)2!*35!5G<(5))'21!

2:!ZL"-! *3')! (5)7+*!/0)!)32/1!'1!?'::5(51*!)*7?,! '1*5(5)*5?!9,!(2)5**5)!?5>5+2<851*! '1!>'*(2!!!+*!!(@!

[('942>0! 5*! 0+@! )32/5?! *30*! /351! *35,! CLF?! ZL"-! '*! 0::5;*5?! (2)5**5! :2(80*'21! 0)! 0<';0+!

<2+0('N0*'21-!+7851!:2(80*'21-!01?!*35!+2))!2:!*35!:2(80*'21!2:!('1=!+'45c)*(7;*7(5)!0(5!'8<0'(5?@!

A,!;21*(0)*-!'1!CL!OWQ!;5++)-!0<';0+!01?!90)0+!5G<(5))'21!2:!ZL"!)*'++!:2(8)!0!('1=!0(271?!*35!

+7851@!]5*-!*35!+7851!)'N5!2:!*35!(2)5**5)!?5;(50)5?!;28<0(5?!*2!;21*(2+!(2)5**5)@!H35!17895(!

2:!(2)5**5)!/5(5!90)5?!21!ZL"!5G<(5))'21-!/3';3!?5:'15!*35!+7851!2:!0!(2)5**5-!01?!*35!)'N5!2:!

+7851!/0)!850)7(5?!07*280*';0++,!*2!+'8'*!0!9'0)@!W+)2-!*35!?'::5(51;5!'1!+7851!)'N5!95*/551!

;21*(2+!(2)5**5)!01?!*35!*/2!;+215)!'1;(50)5?!:(28!?0,!^!*2!?0,!"h!2:!?'::5(51*'0*'21@!!

X80++5(! +7851)! '1!OWQ!CL!;+215)!80,!95! *35! (5)7+*!2:! 0<2<*2)')! 01?!50(+,!;+2)'1=!2:! *35!

+7851@!a57(0+!*795!;+2)7(5!;21)')*)!2:!;28<+5G!;5++7+0(!5>51*)!)7;3!0)!;21>5(=51*!5G*51)'21-!

0<';0+!;21)*(';*'21-!01?!'1*5(4'15*';!17;+50(!8'=(0*'21-!'1!0??'*'21!*2!0;*'>0*'21!2:!;5++!<2+0('*,!

01?! ;5++)! )'=10+'1=! <0*3/0,)! !!(@! OWQ! CL! ;+215)-! 0+)2! 30?! '((5=7+0(! 82(<32+2=,@! .:!

?5>5+2<851*0+!0<2<*2)')!?25)!12*!2;;7(-!157(0+!*795!?5:5;*)!0(')5@!H3')!29)5(>0*'21!)7==5)*)!0!

(2+5!2:!OWQ!'1!80'1*0'1'1=!*35!82(<32+2=,!2:!;5++)@!H35)5!(5)7+*)!?5821)*(0*5!*30*!?5+5*'1=!

OWQ!80,!0::5;*!50(+,!)*5<)!2:!157(0+!*795!:2(80*'21@![2/5>5(-!1785(27)!+092(0*2('5)!0??(5))!

*3')! )*0=5! 2:! ?5>5+2<851*! *2! 95**5(! 71?5()*01?! *35! :'()*! )*5<)! 2:! 157(2=515)')@!L15! 12*09+5!

?'::5(51;5!95*/551!)*7?'5)!')!*35!*,<5!2:!;7+*7(5!7)5?!*2!29*0'1!(2)5**5)@!J2)*!2:!*358!0(5!#E!

8212+0,5(!;7+*7(5! *30*!<22(+,!8'8';!;28<+5G!9(0'1! *'))75!2(=01'N0*'21!2(! (5='210+! '?51*'*,@!

"h%

L7(! (5)7+*)! '1! 27(! $E!37801 82?5+ 80,!95!82(5! )'8'+0( *2! *35 '1! >'>2! 51>'(21851*@!L15!

>0('09+5!*30*!0+)2!80,!0::5;*!27(!010+,)5)!/0) *35!17895(!2:!?0,)!2:!(2)5**5!?5>5+2<851*o!BA)!

80,!155?!*2!95;285!?285?!)30<5? 95:2(5!(2)5**5)!0(5!:2(85?!/3'+5!2*35()!+'45!'1!#E!;7+*7(5!

?2 12*!30>5!*35!BA!)*0=5 !!+*!!'*!!$*%,%@

W! ;28<(5351)'>5! ?5);('<*'21! 2:! *35! ;5++)! 90)5?! 21! *35! '?51*':';0*'21! 2:! ?')*'1;*!80(45()! 0*!

?7('1= (2)5**5)!?5>5+2<851* /0)!0+)2!<5(:2(85?@!.1!27(!301?)-!ZL"!+2;0*'21!/0)!;21)')*51*

/'*3!<(5>'27)! )*7?'5)@ [('942>0!5*! 0+! )32/5?! *30*! *35! '88712(50;*'>'*, 2:!ZL"!?'8'1')35)

=(0?70++,!01?!?')0<<50(!0(271?!?0,!_c` 01? '*!(50<<50()!'1!*35!0<';0+!('1=!'1!80*7(5!(2)5**5)!P'1

0!8212+0,5( ;7+*7(5!/3'+5!'1!27(!)*7?,!0*!*35!?0,!^!/5!)55!*35!('1=!:2(80*'21!/3';3!95;285!

82(5!;+50(!0*!?0,!"hR !!(@

H35!0<';0+!(5='21!2:!*35!(2)5**5)!')!0+)2!'?51*':'5?!9,!*35!<(5)51;5!2:!ac;0?35('1)@!Y5!?'?!12*!

)55!0!?'::5(51;5!'1!*35!5G<(5))'21!2:!ac;0?35('1!'1!*35 OWQ!CL!;+215)!;28<0(5?!*2!YH!'DX;@

Y5!0+)2!0))0,5?!*35!5G<(5))'21!2: W(+"$9-!0!80(45(!2: <('80(,!;'+'78!*30*!')!5G<(5))5?!'1!*35!

0<';0+!(5='21!2:!(2)5**5)!<2'1*'1=!*2/0(?)!*35!+7851 %,&@!A, 5+5;*(21!8';(2);2<,!010+,)5) *35!

<(5)51;5! 2:! *35! <('80(,! ;'+'0! '1! *35! 0<';0+! (5='21! 2:! *35! ;5++)! '1*5(0;*'1=!/'*3! *35! ;51*('2+5!

'1?';0*'1=!*35!(5='21!/35(5!8'*2)')!')!2;;7(('1= !!(*!%(@!L*35()!30>5!)32/1!*30*!OWQ!')!<(5)51*!

21!;'+'78!'1!157(21)!%,&@![2/5>5(-!/5!:271?!12!?'::5(51;5!'1!;'+'0!95*/551!;21*(2+!01?!OWQ!

CL!;5++)@!

Q2)5**5)! 0(5! ;30(0;*5('N5?! 9, ),885*(';0+! 01?! 0),885*(';0+! ?'>')'21@! .1! 0! ),885*(';0+!

?'>')'21!/5!30>5!?'>')'21 2:!;5++)!01?!0!+0(=5( +7851@ E7('1= '1;(50)5?!0),885*(';!?'>')'21-!

*35 ;5++)!?'::5(51*'0*5!01?!)327+?!=515(0*5 )80++!+7851!)'N5!P)!*+&, -. !!+@

"#$%&'!()!J'?&'0'5=+=#-5!-1!0@..'=&#2!+53!+0@..'=&#2!3#N#0#-5!#5!&-0'=='0 &&">

! "h\!

CL!OWQ! (2)5**5)! 30?! )80++5(! +7851)-! )7==5)*'1=! *30*!OWQ!<+0,)! 0! (2+5! '1! ),885*(';! ;5++!

?'>')'21@!H2!*(,!*2!K701*':,!),885*(';!>5()7)!0),885*(';!?'>')'21-!/5!7)5?!*35!+2;0*'21!2:!*35!

;51*(2)285!>'0!<32)<32c3')*215!$! '88712(50;*'>'*,! '1! *35! (2)5**5! ;7+*7(5)@![2/5>5(-! *35)5!

0))0,)!/5(5!'1;21;+7)'>5@!Y5!7)5?!A(?b!'1;2(<2(0*'21!*2!95**5(!71?5()*01?!*35!;5++!;,;+5!'1!

OWQ!CL!(2)5**5)@!b)'1=!:+2/!;,*285*(,-!/5!K701*':'5?! *35!17895(!2:!;5++)! '1! *35!X!<30)5@!

J2(5!OWQ!CL!;5++)!/5(5!'1!*35!X!<30)5!;28<0(5?!*2!;21*(2+!'DX;@!L:!12*5-!/5!12*';5?!*30*!*35!

OWQ!CL!;5++)!?'>'?5?!82(5!K7';4+,!;28<0(5?!*2!;21*(2+!'DX;@!H35)5!?0*0!;27+?!8501!?'::5(51*!

*3'1=)o! OWQ! CL! ;5++)! ?'::5(51*'0*5! +5))! (0<'?+,-! 2(! OWQ! CL! 80'1*0'1)! *35! ;5++)! '1! 0!

<(2+':5(0*'1=! )*0*5@! .1! :7*7(5! )*7?'5)-! OWQ! 87*01*)! 01?! +'>5! '80='1=! 80,! 35+<! 7)! 95**5(!

71?5()*01?!OWQ!:71;*'21P)R!'1!*3')!:2(80*'21@!.1!0??'*'21-!B?b!'1;2(<2(0*'21-!?25)!12*!(5K7'(5!

01*'92?,!?5*5;*'21!2(!EaW!?510*7(0*'21-! '*! ')!82(5!)51)'*'>5!01?! *35!)*(7;*7(5!2:! *35!;5++! ')!

95**5(!<(5)5(>5?@!!

Y3'+5!*35!<(2+':5(0*'21!01?!*35!)7(>'>0+!2:!*35!;5++)!/5(5!12*!)'=1':';01*+,!0::5;*5?!'1!OWQ!CL!

8';5-!*35!?'::5(51*'0*'21!'*!')!*35(5!/5(5!:5/5(!a57a!157(21)@!.1!>'*(2!/5!0+)2!)0/!*30*!157(210+!

?'::5(51*'0*'21!8'=3*!95!0::5;*5?!'1!OWQ!CL!;+215)@!.*!)558)!*30*!OWQ!')!5))51*'0+!*2!+5*!*35!

;5++)! <0))! :(28! *35! X! <30)5! *2! ?'::5(51*'0*5?! )*0=5)-! *30*! 0+)2! *045)! 7)! *2! *35! '?50! *30*! *35!

'1*(0;5++7+0(!?280'1!2:!OWQ!0:*5(!CL!8'=3*!8'=(0*5! *2! *35!17;+57)!01?! '1*5(0;*!/'*3!)285!

*(01);('<*'210+!:0;*2()!0::5;*'1=!*35!?'::5(51*'0*'21!2:!*35!;5++)@!

&'10++,-!/5!30>5!0+)2!)*0(*5?!)5K751;'1=!*35!OWQ!CL!'DX;!01?!(2)5**5!QaW!*2!;35;4!':!OWQ!

+2))!2:! :71;*'21! PIL&R! 0::5;*)! *35! *(01);('<*285@! .*! ')!/2(*3!851*'21'1=! *30*!/5!<(5>'27)+,!

:271?!*35!*(01)+2;0*'21!2:!*35!.OE!2:!OWQ!?7('1=!157(21!80*7(0*'21!P71<79+')35?!?0*0R@!!

!

>1('(99(60'.9'R(,0(+/'1-<1'930':-(0'./'$%&'7(8(7,'-/'B;+-/('/(;+.<(/-6'/-61(,'

.1;(50)'1=! 5>'?51;5! )7==5)*! *30*! 1785(27)! OWJ)! 0(5! 0::5;*5?! 9,! '1:+0880*'21@! W)!

851*'215?! '1! *35! '1*(2?7;*'21-! *35! C(585(! +09! )32/5?! *30*! <2)**(01)+0*'210+! OWQ! +2))! ')!

'1?7;5?!9,!),)*58';!'1:+0880*'21@!H35!'165;*'21!2:!IDX!+5?!*2!0!(5?7;*'21!2:!OWQ!+5>5+)!'1!

*35!EU!2:! *35!8';5@![5(5-!/5!:2;7)5?!21!OWQ!+5>5+)! '1! *35!3'<<2;08<7)!?75!*2! '*)!(2+5! '1!

+50(1'1=!01?!8582(,!01?!'*)!12*09+5!;0<09'+'*,!:2(!<+0)*';'*,!01?!*35!<(5)51;5)!2:!15/!92(1!

157(21)! '1! *3')! (5='21! (@!['=3c:0*! ?'5*! P[&ER! ')! 0))2;'0*5?!/'*3! ?,)(5=7+0*5?! 157(2=515)')-!

;2=1'*'>5!'8<0'(851*-!'1;(50)5?!(')4!2:!W+N35'85(F)!?')50)5-!01G'5*,-!01?!?5<(5))'21@!E5:';'*)!

'1!157(2=515)')!80,!95!215!85;301')8!+'14'1=!?'5*!*2!01!'1;(50)5?!(')4!:2(!9(0'1!?')2(?5()@!H2!

*(,!*2!71?5()*01?!*35!5::5;*)!2:![&E!21!*35!>0('27)!)*0=5)!2:!157(2=515)')-!/5!7)5?!8';5!:5?!

/'*3![&E!)*0(*'1=!0*!%!/554)!2+?!%,+@!Y5!30?!:27(!=(27<)!2:!8';5o!;21*(2+!)*01?0(?!?'5*!PXER!

! "h^!

:2(!*35!*3(55!=(27<)-![&E-!IDX!01?![&E{IDX!=(27<)!/5(5!7)5?@!H35!17895(!2:!8';5!'1!50;3!

=(27<!/0)! 5127=3! *2! 95! 09+5! *2! ?2! '887129'2+2=';0+! 010+,)')! 01?!/5)*5(1! 9+2*)! *04'1=! '1!

0;;271*!*35!$Q)@!!

O+50(+,-!3'=3!K70+'*,!*'))75!)5;*'21)!0(5!;('*';0+!/'*3-!'?50++,-!:'G0*'21!*'85)!*30*!0(5!45<*!0)!)32(*!

0)!<2))'9+5!95;07)5!0!+21=!:'G0*'21!;01!80)4!)<5;':';!01*'=51)!01?!<(5>51*!*35'(!?5*5;*'21!/'*3!

01*'92?'5)@! J2(52>5(-! :'G0*'21! *'85! )327+?! 95! *35! )085! 95*/551! =(27<)! *2! 12*! 0::5;*!

'887123')*2+2=,!(5)7+*)@!a785(27)!5G<5('851*0+!?5*0'+)!?'::5(!'1!0++!0>0'+09+5!)*7?'5)-!827)5!

)*(0'1!7)5?!*35!*,<5!2:!*35!?'5*-!IDX!?'::5(51*!'165;*'21!85*32?)!01?!*'85c!01?!?2)5c?5<51?51*!

;301=5)!'1!157(2'1:+0880*'21!01?!*35!*'85!0:*5(!*35!;30++51=5!8';5!/5(5!)0;(':';5?@!!

.*! /0)! 0+)2! '8<2(*01*! *2! *045! '1*2! 0;;271*! *35! 010*28';0+! 01?! :71;*'210+! ?'::5(51;5)!/351!

K701*':,'1=! 157(2=515)')! '1! *35! 3'<<2;08<7)-! ='>51! *35! ;+50(! ?'::5(51;5)! '1! 157(2=515)')!

95*/551!(2)*(0+!01?!;07?0+!<0(*)@!L7(!?0*0!0(5!'1!0=(55851*!/'*3!27(!<(5>'27)!)*7?'5)!)32/'1=!

*30*!OWQ!IL&!')!'1?7;5?!9,!),)*58';!'1:+0880*'21!(@!Y5!)0/!?5;(50)5?!'1!OWQ!+5>5+)!'1!*35!

EU!2:!*35!8';5!/'*3![&E!01?![&E!{!IDX!'1!80+5!01?!:580+5!8';5@!W)!<(5>'27)+,!)32/1-!

OWQ!IL&!/0)!82(5!)*('4'1=!:2(!:580+5)!;28<0(5?!*2!*35!;21*(2+!=(27<!'1!92*3!/5)*5(1!9+2*!

01?!'887129'2+2=';0+!010+,)')@!&2(!*35!=(27<!'165;*5?!21+,!/'*3!IDX-!/5!)0/!*30*!OWQ!+5>5+)!

?5;(50)5?!'1!*35!EU!2:!92*3!80+5)!01?!:580+5)!0:*5(!;271*'1=!*35!17895(!2:!;5++)!'1!(2)*(0+!01?!

;07?0+!)5;*'21)!2:!*35!EU-!97*!*3')!/0)!12*!;21)')*51*!/'*3!*35!(5)7+*)!2:!/5)*5(1!9+2*!/35(5!/5!

7)5?! *35!/32+5!9(0'1! *'))75! *2!K701*':,!OWQ!5G<(5))'21-!/5!)0/!12!?'::5(51;5!95*/551! *35!

=(27<!;21*(2+!01?!*35!=(27<!'165;*5?!/'*3!IDX@!H3')!(5)7+*!/0)!5G<5;*5?-!95;07)5!'1!<(5>'27)!

)*7?,!*35!C(585(!+09!)32/5?!9,!/5)*5(1!9+2*!*30*!=+290+!OWQ!+5>5+)!'1!IDXc'165;*5?!YH!01?!

$GH=WE!8';5!/5(5!12*!)'=1':';01*+,!?'::5(51*!:(28!DAXc'165;*5?!;21*(2+)!(@!A,!;21*(0)*-!.[O!

010+,)5)!)32/5?!*30*!OWQ!')!)*('4'1=+,!09)51*!:(28!*35!)280!01?!157('*5)!2:!;5++)!'1!*35!XUZ!

2:!*35!EU!0:*5(!IDX!'165;*'21)@!H2=5*35(-!*35)5!?0*0!?5821)*(0*5!*30*!OWQ!;01!95!+2)*!:(28!*35!

3'<<2;08<7)!2:!8';5!0:*5(!0![&E!2(!IDX!'165;*'21!01?!0+)2!OWQ!+5>5+)!0(5!82(5!0::5;*5?!':!

[&E!01?!IDX!0(5!;289'15?-!*3')!+2))!80,!95!>'0!0!<2)**(01)+0*'210+!85;301')8!'1?7;5?!9,!

),)*58';!'1:+0880*'21!(@!!

.*!30)!9551!/5++!?2;7851*5?!*30*!'165;*5?!<5('<35(0+!IDX!'1?7;5)!157(2'1:+0880*'21!9,!<(2c

'1:+0880*2(,!;,*24'15)!*30*!?2!12*!?'::7)5!0;(2))!*35!9+22?c9(0'1!90(('5(-!97*!)51?!)'=10+)!*2!

*35! 9(0'1! 01?! +50?'1=! *2! 8';(2=+'0! 0;*'>0*'21@! [2/5>5(-! ?5)<'*5! *35! 0971?01*! +'*5(0*7(5!

0>0'+09+5-! *35! ?0*0! 21! *35! 5::5;*)! 2:! 157(2'1:+0880*'21! 0:*5(! IDX! ;30++51=5! 21! 0?7+*!

157(2=515)')!?'::5(!0;;2(?'1=!*2!*35!?'::5(51*!07*32()!01?!*35!?'::5(51*!?5*0'+)!/3';3!;301=5!

:(28!215!)*7?,!*2!012*35(!(&*%((*%(,@!

! "h_!

W)! 01! 0??'*'210+! ;21*(2+-!/5! ;28<0(5?!OWQ! 01?!EOe! +5>5+)! '1! *35! XUZ! 2:! *35!EU@! H35!

?'::5(51;5!/0)!12*! )'=1':';01*!95*/551! *35!=(27<!;21*(2+! 01?! *35!2*35(!=(27<)! :2(!80+5)!2(!

:580+5)-!97*!/5!12*';5?!*30*!:2(!*35!80+5)!'1!*35!=(27<)![&E{IDX!*35!17895(!2:!EOe-4;5++)!

/5(5!3'=35(!*301!*35!:580+5)!'1!*35!)085!=(27<@!Y30*!*3')!8501)!')!71;+50(!0*!*35!82851*@!Y5!

0+)2!;271*5?!*35!17895(!2:!;5++)!/35(5!/5!30>5!;2+2;0+'N0*'21!95*/551!OWQ!01?!EOe-!01?!

/5!:271?!12!?'::5(51;5!95*/551!*35!?'::5(51*!=(27<)!01?!*35!=(27<!;21*(2+@!A,!;21*(0)*-!/351!

/5!K701*':'5?!OWQ!01?!EOe!+5>5+)!'1!(2)*(0+!01?!;07?0+!(5='21)!2:!*35!EU-!/5!:271?!*35!)085!

<(2:'+5@!E5821)*(0*'1=!*30*!OWQ!+5>5+)!*3(27=327*!*35!EU!0(5!0::5;*5?!9,![&E!01?!),)*58';!

'1:+0880*'21@!

&2(!*35!U&WD!+5>5+)!'1!*35!XUZ!2:!*35!EU-!12!)'=1':';01*!(5?7;*'21!95*/551!*35!=(27<)!/0)!

:271?@!a2*!)7(<(')'1=+,-!'1!*35!IDX!=(27<-!=+290+!U&WD!+5>5+)!0(5!=(50*5(!;28<0(5?!*2!*35!2*35(!

=(27<)@!U&WD-!;5++)!0(5!82(5!0;*'>0*5?!/351!*35!8';5!/5(5!'165;*5?!/'*3!IDX!21+,!01?!*3')!

80,!5G<+0'1!*35!(50)21!/3,!/5!30>5!+5))!EOe!5G<(5))'21!:2(!80+5)!01?!:580+5)!'1!*3')!=(27<!

Y5! 30?! 0+)2! *35! )085! <(2:'+5! :2(! U&WD! 5G<(5))'21!/351!/5! )5<0(0*5?! (2)*(0+! 01?! ;07?0+!

(5='21)!2:!*35!EU@!!

Y30*!/5!;27+?!'1;+7?5!')!07*280*5?!)*5(52+2=,!*2!<(5>51*!<2*51*'0+!9'0)5?!?7('1=!K701*':';0*'21!

01?!8'))'1=! +2/! +5>5+! )'=10+)@! ]5*-! )*5(52+2=,! ')! 12*! <5(:5;*! 01?! ')! '1:+751;5?! 9,! )<5;':';!

)5**'1=)-!)7;3!0)!*35!17895(!2:!;271*'1=!:(085)-!(5='21)!2:!'1*5(5)*)!*30*!80,!0+)2!9'0)5?!*35!

(5)7+*)!5>5(,!*5;31'K75!30)!0!+'8'*0*'21@!

!

!

! "h`!

!:"! N*6/C*$.37*/G0

H2!95**5(!71?5()*01?!*35!(2+5!<+0,5?!9,!OWQ!'1!50(+,!)*0=5)!2:!157(2=515)')-!0:*5(!/5!29*0'1!

*35!;+215)!/'*3!OWQ!CL-!/5!30>5!<+0115?!QaW)5K!*2!'?51*':,!=515)!*30*!0(5!0::5;*5?!?75!*2!

OWQ!CL@!W+)2-!/5!/01*!*2!?'::5(51*'0*5!*35!;5++)!*2!15G*!)*0=5)!2:!?5>5+2<851*!*2!)55!':!*35!

157(21)!/'++!95!0::5;*5?!0:*5(!OWQ!CL@!

.1!0!<(5>'27)!)*7?,-!/5!;(2))5?!a5)*'1cO(5!8';5!/'*3!OWQc:+2G!8';5!*2!29*0'1!OWQ!CL!8';5@!

H35)5!8';5!0(5!92(1!/'*3!0!OWQ!IL&!'1!*35!9(0'1-!)2!/5!;0112*!)*7?,!*35!5::5;*!2:!OWQ!+2))!

21!0?7+*!157(2=515)')@!H35(5:2(5-!*2!0??(5))!OWQ!IL&!21!0?7+*!157(2=515)')!/5!30>5!)*0(*5?!

*2! =515(0*5! 0??'*'210+! 82?5+)@! &'()*-! /5! /'++! ;(2))! OWQc:+2G! 8';5! /'*3! 15)*'1cO(5cBQH#!

H280*2!8';5@!H35!O(5cBQH#!:7)'21!<(2*5'1!')!80'1*0'15?!'1!*35!;,*2<+0)8!71*'+!'165;*'21!2:!%c

L[!*082G':51@!H351!O(5cBQH#!:7)'21!<(2*5'1!*2!*(01)+2;0*5!*2!*35!17;+57)!01?!(5;289'15!*35!

:+2G5?! )5K751;5)@! OWQ! &+! O(5cBQH#! *280*2! 8';5! /'++! 0++2/! 7)! *2! ?5+5*5! OWQ! '1! *35!

EUp3'<<2;08<7)!01?!XVZ!'1!0?7+*!827)5!9(0'1!P)!*+&,#4R@!

X5;21?-!*2!*0(=5*!aXO)!/5!/'++!'165;*!(5*(2>'(7)!>5;*2()!PQVR!30(92('1=!U&DcO(5!2(!8O35((,!

5G<(5))'21!;0))5**5)!'1*2!*35!XUZ!+0,5(!2:!*35!EU!2:!OWQc:+2G!8';5@!QVcO(5cU&Dc'1:5;*5?!

;5++)!/'++!95!U&Dc<2)'*'>5!;5++)!01?!OWQ!15=0*'>5!;5++)!?75!*2!O(5!5G;')'21!2:!*35!:+2G5?!OWQ!

0++5+5)@!QVcQ5?c'1:5;*5?!;5++)!POWQ!<2)'*'>5!01?!O35((,!<2)'*'>5R!)5(>5!0)!'1*5(10+!;21*(2+)@!

H3')! /'++! 0++2/! >')70+'N0*'21! 2:! '1?'>'?70+! ;5++)! 01?! *35'(! <(2+':5(0*'21-! <2)'*'21'1=! 01?!

82(<32+2=,!'1!*35!9(0'1!2:!*35!)085!827)5@!.165;*'1=!QVcO(5cU&D!'1!*35!('=3*!)'?5!2:!*35!9(0'1!

01?!QVc!8O35((,!'1!*35!+5:*!)'?5!2:!*35!9(0'1-!*2!95!09+5!*2!;28<0(5!0*!*35!)085!*'85!01?!:(28!

*35!)085!)08<+5!*35!)30<5-!0(92('N0*'21!2:!*35!;5++)!'1!*35!XUZ!2:!*35!EU@!!

!

!

"hf

"#$%&'!I)!F24'.+=#2!3#+$&+.!-1!;<J!1/-C'3!.#2'!2&-00'3!A#=4!T'0=#5!;&',-*' P-.+=-!.#2'!+53!=+.-C#1'5!#53%2=#-5!-1!;&'!

+2=#N#=@>

&'10++,-!='>51!*35!(2+5!2:!0?7+*!157(2=515)')!'1!9(0'1!<+0)*';'*,-!9530>'2(0+!27*;285)!)327+?!

95!850)7(5?!0)!0!<2))'9+5!;21)5K751;5!2:!;301=5)!'1!0?7+*!157(2=515)')@!H35(5!0(5!0!>0('5*,!2:!

EU! p! 0?7+*! 157(2=515)')c)51)'*'>5!9530>'2(0+! 0))0,)-! '1;+7?'1=! *35!J2((')!/0*5(!80N5-! :50(!

;21?'*'21'1=-!01? 12>5+!2965;*!+2;0*'21@!.1!<0(*';7+0(-!0?7+*!3'<<2;08<0+!157(2=515)')!')!*0451!

'1*2!0;;271*!<0**5(1!)5<0(0*'21-!*35!09'+'*,!*2!?')*'1=7')3!95*/551!>5(,!)'8'+0(!5>51*)!2(!)*'87+'@!

J01,! 9530>'2(0+! *5)*)-! '1;+7?'1=! *27;3);(551-! (0?'0+! 0(8! 80N5-! 01?! ;21*5G*70+! :50(!

;21?'*'21'1=!<0(0?'=8)!30>5!9551!?5>5+2<5?! *2! 0))0,!<0**5(1! )5<0(0*'21! '1! (2?51*)@!W 15/!

9530>'2(0+!*5)*!;0++5?!�[08+5*�!30)!9551!?5>5+2<5?!0*!bJ-!/3';3!')!0!;28<+5G!51>'(21851*!

/35(5!/5!;01!;289'15!0++!9530>'2(0+!*5)*)n!'*!')!0!)*0(!)30<5!+50?'1=!*2!:71;*'210+'N5?!327)5)!

/5(5!01'80+)!;01!?('14- 50*- 3'?5- (71-!2( '1*5(0;*!/'*3!0!)*(01=5(!827)5 P)!*+&, 7R@ H35)5!8';5!

0(5!*(0'15?!:2(!)5>5(0+!/554)!*351!8582(,!')!*5)*5?!9,!?5<('>'1=!8';5!:(28!/0*5(!2(!:22?!01?!

010+,N'1=! *35'(! 09'+'*,! *2! +2;0*5! *35! ?('14! 2(! 50*! 327)5-! )2! /5! ;01! )0,! *30*! /5! 0(5! *5)*'1=!

*2<2=(0<3';! 8582(,! '1! *35! 8';5@ H(0'1'1=! '1;(50)5?! 3'<<2;08<0+! 157(2=515)')- ;5++!

<(2+':5(0*'21!01?!157(210+!80*7(0*'21!/'*3!*3')!*5)*!/5!/'++!95!09+5!*2!)*7?,!*35!9530>'2(!2:!*35!

8';5!0:*5(!/5!CL!OWQ@

""h

"#$%&'!R)!P4'!S+./'=!='0=>!P4'!?&-=-=@?'!04-A#5$!=4'!?/+@!24+.7'&6!&%56!'+=6!0-2#+/!#5='&+2=#-5!+53!=4'!3&#5E!24+.7'&0'(!>

! """!

! !

! ""#!

!>"! ?'&$)=/3'&G0

Y5!12/!412/!/35(5!OWQ!')!5G<(5))5?!'1!*35!?'::5(51*!(5='21)!2:!*35!9(0'1!2:!8';5-!:(28!

*3')!(5)7+*!/5!:2;7)5?!21!*35!(2+5!*30*!;27+?!95!<+0,5?!9,!OWQ!?7('1=!0?7+*!157(2=515)')!)'1;5!

'*!')!5G<(5))5?!'1!*35!(5='21)!/35(5!0?7+*!157(2=515)')!2;;7()@!OWQ!')!<+0,'1=!0!(2+5!?7('1=!*35!

:2(80*'21!2:!*35!157(0+!*795!*35!+7851!)'N5!2:!*35!(2)5**5)!')!)80++5(!;28<0(5?!*2!*35!;21*(2+!

(2)5**5)! 0:*5(!/5!CL!OWQ!9,!OQ.XDQ! '1! 'DX;-! *3')! )*7?,! <0>5)! *35!/0,! *2! 0??(5))!801,!

K75)*'21)!(5=0(?'1=!*35!?'>')'21!2:!*35!;5++)!?7('1=!*35!:2(80*'21!2:!*35!157(0+!*795-!32/!*35!

?'::5(51*'0*'21!01?!*35!<(2+':5(0*'21!2:!*35!;5++)!0(5!0::5;*5?-!01?!':!0+)2!*35!80;3'15(,!2:!*35!

;5++)!')!0::5;*5?!?75!*2!OWQ!+2))@!

OWQ!5G<(5))'21! '1! *35!XUZ!2:! *35!EU!')!0+)2!0::5;*5?! '1!0?7+*!9(0'1)!?75! *2!0!),)*58';!

'1:+0880*'21!'1?7;5?!9,![&E!01?!IDX@!H35!'8<2(*01;5!2:!27(!)*7?,-!)32/)!*30*!*35!82(5!/5!

30>5!'1:+0880*'21!*35!+5))!/5!30>5!OWQ@!&(28!*3')!90)5-!/5!/'++!;21*'175!*2!5G<+2(5!OWQ!

:71;*'21!'1!*35!OaX@!

!

! !

! ""$!

!

!

!

!

!

!

!

!

!

!

!! !

""%

!A" Q'&$.3'&0+=0;<$*C.*=60?'K/8$%3*0*.0#+<&'736=/0S?#;T0+8&/0

)80&*=6',*&U/*08+=).*

;@:;: M-()#>3"(,#-

I5)!*(279+5)!157(2107G-!+5)!*(279+5)!?5!+0!(5<(2?7;*'21-!+5!;01;5(!5*!?'>5()5)!01280+'5)!?7!

?M>5+2<<5851*!;35N!+d32885!)21*!;07)M)!<0(!+0!<5(*5!?d328M2)*0)'5!?75!l!+0!<5(*7(90*'21!5*!l!

+d0+*M(0*'21!?5)!82+M;7+5)!?d0?3M)'21!;5++7+0'(5!OWJ!%+@E01)!+5)!),)*i85)!15(>57G-!+5)!OWJ!

62751*!71!(j+5!?01)!+0!:2(80*'21!?5)!(M)507G!157(2107G!5*!+5)!:21;*'21)!157(210+5)!*5++5)!K75!+5!

=7'?0=5!?5)!0G215)-!+0!:2(80*'21!?5)!),10<)5)-!+0!(M=7+0*'21!?5!+0!*(01)8'))'21!),10<*'K75!5*!+0!

<+0)*';'*M %'@

OWQ!PQM;5<*57(!O2G)0;4'5>'(7) 5*!W?M12>'(7)R!5)*!715!<(2*M'15!*(01)8589(010'(5!l!<0))0=5!

71'K75!0<<0(*5101*!l!+0!)7<5(:08'++5!?5)!.=@!X0!(M='21!5G*(0;5++7+0'(5!;21*'51*!?57G!?280'15)!

=+297+0'(5)! ?5! *,<5! .=@! I5)! :21;*'21)! ?5! OWQ! )21*! 8'57G! ;0(0;*M(')M5)! ?01)! +5)! ;5++7+5)!

M<'*3M+'0+5)!2k!OWQ!0='*!;2885!715!OWJ!5*!<0(*';'<5!07!80'1*'51!?5!621;*'21)!)5((M5)@

OWQ!<57*!�*(5!?'>')M!51!*(2')!?280'15)!o!+5!?280'15!5G*(0;5++7+0'(5!PBOER!?5!#"`!0;'?5)!08'1M)!

;21*'51*!?57G!?280'15)!?5!*,<5!.=@!!E"-!+5!?280'15!?')*0+-!5)*!71!?280'15!?5!*,<5!.=!51!V-!5*!

E#-! +5!?280'15!<(2G'80+!?5!+0!8589(015-!5)*!71!?280'15!?5!*,<5!.=!51!O#@!E"!5*!E#!)21*!

)7'>')! ?d71! ?280'15! 3M+';2�?0+! *(01)8589(010'(5! ?5! #"! 0;'?5)! 08'1M)-! <7')! ?7! ?280'15!

'1*(0;5++7+0'(5!.OE!?5!"h_!0;'?5)!08'1M)!()!*+&,#-. (%*'+*%,(@

"#$%&'!()!J'?&k0'5=+=#-5!024k.+=#i%'!3'!;<J!'=!3%!$l5'!;L<MJ!4%.+#5>!M(6!/'!3-.+#5'!3#0=+/6!'0=!%5!3-.+#5'!9$D/#E' 3'!=@?'!

Q6!'=!MI6!/'!3-.+#5'!?&-C#.+/!3'!/+!.'.7&+5'6!'0=!%5!3-.+#5'!9$D/#E'!3'!=@?'!;I>!M(!'=!MI!0-5=!0%#N#0!3m%5!3-.+#5'!4k/#2-n3+/!

=&+50.'.7&+5+#&'!?%#0!3m%5!3-.+#5'!#5=&+2'//%/+#&'!9;M!+N'2!/+!='&.#5+#0-5!;>!;+&='!3'0!'C-50!3'!;L<MJ>

! ""\!

!! X0>2'(!2k!OWQ!5)*!5G<('8M!?01)!+5!;5(>507!5)*!715!M*0<5!5))51*'5++5!<27(!<27>2'(!)0>2'(!;5!

K75!OWQ!:0'*!(M5++5851*!?01)!+5!;5(>507!5*!;28851*!'+!<57*!0::5;*5(!+0!157(2=51i)5-!+0!;2=1'*'21!

5*!+5!;28<2(*5851*!5*!K75+!5)*!+5!(j+5!627M!<0(!OWQ!<51?01*!+5)!80+0?'5)!?5!+0!157(2=51i)5@!!

I5! ),)*i85!15(>57G!;51*(0+! PXaOR! )5!?M>5+2<<5! '1'*'0+5851*! l!<0(*'(! ?d715!8212;27;35!?5!

;5++7+5)!157(2M<'*3M+'0+5)!PaBR-!K7'!)d51(27+51*!51)7'*5!<27(!:2(85(!+5!*795!157(0+@!E01)!+5!*795!

157(0+-!+5)!;5++7+5)!)27;35)!157(0+5)!)d2(=01')51*!<27(!:2(85(!?5)!)*(7;*7(5)!51!(2)5**5@!a27)!

7*'+')21)!?5)!;5++7+5)!)27;35)!<+7('<2*51*5)!3780'15)!P'DX;R!<27(!(5<(2?7'(5!;5!<(2;5))7)! !"#

$!%&'!0:'1!?5!=M1M(5(!?5)!)*(7;*7(5)!(5))589+01*!07!*795!157(0+-!0<<5+M5)!(2)5**5)!157(0+5)@!D27(!

29*51'(!?5)!(2)5**5)-!127)!;7+*'>21)!?5)!'DX;!K7'!?21151*!10'))01;5!07G!;2(<)!589(,2110'(5)!

PBAR-!<7')!?5)!(2)5**5)!51!7*'+')01*!?5)!8'+'57G!0?0<*M)!PX*58!O5++)R@!a2*(5!2965;*':!;21)')*5!

l! 5G<+2(5(! +0! :21;*'21! ?'(5;*5! 5*! '1?'(5;*5! ?5! OWQ! 07! ;27()! ?5)! <(58'i(5)! M*0<5)! ?5! +0!

157(2=51i)5!'1!>'*(2@!

I0!157(2=51i)5!0?7+*5!5)*!+0!10'))01;5!?5!127>507G!157(215)!?01)!+5!;5(>507!80*7(5@!O35N!

+5)! (21=57()! 5*! +5)! 3780'1)-! ?5! 127>507G! 157(215)! )21*! ;21*'175++5851*! =M1M(M)! ?01)!

+d3'<<2;08<5-!715!)*(7;*7(5!5))51*'5++5!<27(!+0!8M82'(5-!+5!;21*(j+5!?5!+d37857(-!+d0<<(51*'))0=5!

5*!+d279+'@!I0!157(2=51i)5!0?7+*5!'1:+751;5!+0!;2=1'*'21!<0(!+d'1*M=(0*'21!?5)!157(215)!?01)!+5)!

(M)507G!5G')*01*)@! !E5!1289(57)5)!>2'5)!82+M;7+0'(5)!5*! ;5++7+0'(5)! )21*! '8<+'K7M5)!?01)! +0!

=M1M(0*'21-! +0!8'=(0*'21!5*! +d'1*M=(0*'21!5::';0;5)!?5)!157(215)!127>507c1M)!?01)!+5)!;'(;7'*)!

5G')*01*)@!D0(8'!+5)!<(2*M'15)!'8<+'K7M5)!?01)!;5)!>2'5)-!OWJ!)21*!'8<+'K7M5)!?01)!+dM*0*!?5)!

;5++7+5)!)27;35)-!+0!8'=(0*'21!157(210+5-!+d'1*M=(0*'21!5*!+0!:21;*'21!),10<*'K75@!

O35N!+5)!(21=57()-!07!;27()!?5!+0!<(58'i(5!)580'15!)7'>01*!+0!10'))01;5!?5)!127>5++5)!;5++7+5)-!

;5++5)c;'!)5!?'::M(51;'51*!5*!8'=(51*!)7(!715!;27(*5!?')*01;5!?01)!+0!;27;35!;5++7+0'(5!=(017+0'(5!

'1*5(15!?7!EU@!I0!?57G'i85!)580'15!0<(i)!+0!10'))01;5-!+5)!;5++7+5)!127>507c1M5)!?5>'51151*!

?5)!157(215)!0>5;!?5)!?51?('*5)!)dM*51?01*!67)K7dl!+0!;27;35!82+M;7+0'(5!5*!?5)!0G215)!?01)!+5!

3'+7)@! W7! ;27()! ?5! +0! *(2')'i85! )580'15! 0<(i)! +0! 10'))01;5-! +5)! 157(215)! 127>507c1M)!

;28851;51*!l! :2(85(!?5)!;2115G'21)!0::M(51*5)!5*!5::M(51*5)!0>5;! +5! (M)507!157(210+! +2;0+@!

V5()!+d�=5!?5!%!l!^!)580'15)-!+5)!;5++7+5)!1M210*0+5)!<(M)51*51*!715!<+0)*';'*M!),10<*'K75!<+7)!

:2(*5!5*!)21*!(M=7+M5)!<0(!+d0;*'>'*M!?7!(M)507-!;5!K7'!+57(!<5(85*!?5!;21*('975(!l!+d0<<(51*'))0=5!

5*!l!+0!8M82'(5-!<7')!l!`!)580'15)-!5++5)!15!)5!?')*'1=751*!<+7)!?5)!;5++7+5)!=(017+0'(5)!80*7(5)!

?7!=,(7)!?51*M!%,'@!

! ""^!

!

!

"#$%&'!G)![k5k&+=#-5!3'!5-%N'+%C!5'%&-5'0!$&+5%/+#&'0!3+50! /'!$@&%0!3'5=k!3'! /m4#??-2+.?'!o!?+&=#&!3'!2'//%/'0!0-%24'0!

5'%&+/'0!3+50!/+!B-5'!0%7$&+5%/+#&'!8F[V:>!O&-/#1k&+=#-5!)!]'0!2'//%/'0!0-%24'0!-%!2'//%/'0!3'!=@?'!9!8["<O!a6!FWLI!a!'=!T'0=#5!

a:!3-5=!/'0!2-&?0!2'//%/+#&'0!0-5=!0#=%k0!3+50!/+!F[V!0'!?&-,'=='5=!o!=&+N'&0!/'![;]>!;'0!2'//%/'0!0-%24'0!3-55'5=!5+#00+52'!o!

3'0!2'//%/'0!?&-$k5#=&#2'0!5'%&+/'0!TO;!-%!2'//%/'0!3'!=@?'!I+!8,+%5':!i%#!0'!3#11k&'52#'5=!'5!2'//%/'0!+.?/#1#2+=&#2'0!=&+50#=-#&'0!

3'!=@?'!I7!'=!'5!2'//%/'0!3'!=@?'!R!8-&+5$'6!N'&=!2/+#&:!i%#!0'!3#11k&'52#'5=!'5!5'%&-5'0!#..+=%&'0!8N'&=:!2'//%/'0!M;La!'=!OF<D

T;<*a>! ]'0!5'%&-5'0! #..+=%&'0!5+#00+5=0!.#$&'5=! 0%&!%5'! 2-%&='!3#0=+52'!3+50! /+! 2-%24'!3'0! 2'//%/'0!$&+5%/'%0'0>! ]'0!

5'%&-5'0!.+=%&'0!1-52=#-55'/0!87/'%:!2'//%/'0!T'%Ta!k='53'5=!/'%&0!?&-,'2=#-50!+C-5+/'0!o!/+!2-%24'!3'0!2'//%/'0!?@&+.#3+/'0!

'=!'5N-#'5=!/'%&0!3'53&#='0!3+50!/+!3#&'2=#-5!-??-0k'!N'&0!/+!2-%24'!.-/k2%/+#&'!!"#>!

I0!157(2=51i)5!5)*!;0(0;*M(')M5!<0(!?5)!80(K757()!K7'!<57>51*!�*(5!7*'+')M)!<27(!'?51*':'5(!

+5)!;5++7+5)!l!?'::M(51*)!)*0?5)!?5!?M>5+2<<5851*!5*!?01)!?'::M(51*5)!;21?'*'21)!()!*+&,#4.:!

I5)!;5++7+5)!?5!*,<5!"!5*!+5)!;5++7+5)!?5!*,<5!#0!)21*!U&WD{-!XLe#{5*!15)*'1{@!I0!<(2*M'15!

0;'?5! :'9('++0'(5! =+'0+5! PU&WDR-! ;d5)*! 71! :'+0851*! '1*5(8M?'0'(5! P.&R@! Id'88712c(M0;*'>'*M! ?5!

XLe#-!:0;*57(!?5!*(01);('<*'21!+'M!07G!92�*5)!]!?5!+0!(M='21!?M*5(8'101*!+5!)5G5!PXQ]R!;2?01*!

<27(!71!82*':!?5!+'0')21!l!+dWEa!?7!=(27<5!?5!307*5!829'+'*M!P[JUR!5)*!7*'+')M5!<27(!'?51*':'5(!

+5)! ;5++7+5)! K7'! )5! ?'>')51*! ?5!801'i(5! 0),8M*('K75@! B++5)!80'1*'51151*! +5! <22+! ?5!aXO! 5*!

<(2?7')51*!?5)!;5++7+5)!K7'!?5>'51151*!?5)!157(215)!0?7+*5)-! ;5!K7'! '1?'K75! +57()!<(2<('M*M)!

87+*'<2*51*5)!5*!+57()!;0<0;'*M)!?d07*2c(5127>i+5851*!?01)!+5!;5(>507!0?7+*5%,,@!I5)!;5++7+5)!?5!

*,<5! #9! 5G<('851*! XLe#! 5*! 15)*'1-! 715! <(2*M'15! ?5! :'+0851*! '1*5(8M?'0'(5@! I0! 15)*'15! 5)*!

'?51*':'M5!?01)!+5)!;5++7+5)!<(2=M1'*(';5)!157(0+5)!'880*7(5)!5*!0!)27>51*!M*M!7*'+')M5!;2885!

80(K757(!?5)!aXO!?01)!+5!;5(>507!0?7+*5%,#*%,$@!

I0!?279+5;27(*'15!PEOeR!5)*!715!<(2*M'15!0))2;'M5!07G!8';(2*797+5)!5G<('8M5!<0(!+5)!;5++7+5)!

<(M;7()57()! 157(210+5)! ?5! *,<5! $! 5*! +5)! 157(215)! '880*7(5)! ?01)! +5)! )*(7;*7(5)! ;2(*';0+5)!

589(,2110'(5)!5*!0?7+*5)@!I5)!aDO!;28851;51*!l!5G<('85(! +0!EOe!0+2()!K7d'+)!)5!?'>')51*!

! ""_!

0;*'>5851*@!I0!(M0;*'>'*M!'8871'*0'(5!?5!+0!EOe!'?51*':'5!+5)!;5++7+5)!<(2=M1'*(';5)!157(210+5)!

<2)*8'*2*'K75)!5*!+5)!157(215)!'880*7(5)%#)@!

D27(! 80(K75(! +5)! ?5(1'5()! )*0?5)! ?5! +0! 157(2=51i)5! 0?7+*5-! 21! 7*'+')5! +5! DXWcaOWJ-!

82+M;7+5!?d0?3M)'21!?5)!;5++7+5)!157(0+5)!<2+,)'0+,+M5)@!I0!<+7<0(*!?5)!;5++7+5)!<2)'*'>5)!07!

DXWcaOWJ!)21*!<2)'*'>5)!07!a57a!80')!1M=0*'>5)!07!U&WD!%#!@!Id01*'=i15!17;+M0'(5!157(210+!

Pa57aR! 5)*! 71!80(K757(! K7'! 5)*! 5G;+7)'>5851*! 0))2;'M! 07! *'))7! 15(>57G@!O5**5! <(2*M'15! 5)*!

+2;0+')M5!?01)!+5!;,*2<+0)85!17;+M0'(5!5*!<M('c17;+M0'(5!?5!+0!<+7<0(*!?5)!157(215)!?7!XaO@!I5)!

157(215)!:21;*'2115+)!80*7(5)!)21*!a57a{!DXWcaOWJ!c!()!*+&,#4.:!

D27(!M*7?'5(!+0!:21;*'21!?5!OWQ!?01)!+5!;5(>507!0?7+*5-!715!M*7?5!<(M;M?51*5!?7!+092(0*2'(5!0!

821*(M!K75!+d09+0*'21!=M1M*'K75!?5!OWQ!0::5;*5!+0!157(2=51i)5!0?7+*5-!K75!+d'165;*'21!?5!IDX!

;35N!?5)!)27(')!)0'15)!0::5;*5!+d5G<(5))'21!?5!OWQ!?01)!+5!;5(>507!?5)!)27(')!5*!K7d'+!,!0!715!

<5(*5!?5!OWQ!?75!l!71!51>'(2115851*!'1:+0880*2'(5!K7'!0::5;*5!+5!;28<2(*5851*-!+0!<+0)*';'*M!

5*!+0!;2=1'*'21!?5)!)27(')@!a27)!127)!'1*M(5))21)!l!+d5G<(5))'21!?5!OWQ!?01)!+0!1';35!157(2=i15!

)'*7M5!?01)!715!)27)c(M='21!?5!+d3'<<2;08<5!0<<5+M5!+5!=,(7)!?51*M@!!

Ed0<(i)!?5!1289(57)5)!M*7?5)-!+5!(M='85!0+'851*0'(5!<57*!M=0+5851*!�*(5!71!:0;*57(!)7);5<*'9+5!

?d'1?7'(5! 715! 157(2'1:+0880*'21-! ?d'1:+751;5(! +0! 157(2=51i)5! 0?7+*5! 5*! ?5! 82?7+5(! +5)!

<5(:2(801;5)!;2=1'*'>5)!5*! +5)! *(279+5)!?5! +d37857(-!51!:21;*'21!?7! *,<5!?5!(M='85!5*!?5!)0!

?7(M5@!b1!(M='85!(';35!51!=(0'))5)!07=851*5!+5!(')K75!?5!*(279+5)!;2=1'*':)!;2885!+0!80+0?'5!

?dW+N35'85(!5*!'1?7'*!+d0;*'>0*'21!?5!+0!8';(2=+'5!51!(0')21!?5!+d'1:+0880*'21!K7'!5)*!0))2;'M5!l!

715!(M?7;*'21!?7!1289(5!?5!?51?('*5)!5*!?dM<'15)!?01)!+5!EU@!

a2*(5!97*!5)*!?FM*7?'5(!+5!(j+5!?5!OWQ!?01)!+5!;21*(j+5!?5!+d'1*M=(0*'21!?5)!157(215)!127>507c

1M)!?01)!+5)!;'(;7'*)!5G')*01*)!5*! +5)!+'51)!8M;01')*'K75)!51*(5!+0!(M<21)5!'1:+0880*2'(5!5*! +0!

<5(*5!<2)*c*(0?7;*'2115++5!?5!OWQ@!D27(!;5+0!21!>0!>2'(!)'!+5!(M='85!0+'851*0'(5!+5)!1'>507G!?5!

+F5G<(5))'21!?5!OQW!?01)!+5!;5(>507!51!(0')21!?d715!'1:+0880*'21!K7'!51*(0�15(0!715!<5(*5!?5!

+0!157(2=51i)5!0?7+*5@!

! !

! ""`!

;@:8:!O7.3$(*(.&

E01)!71!<(58'5(!*58<)-!127)!0>21)!>M(':'M!<0(!'887123')*2;3'8'5!+d5G<(5))'21!?5!OWQ!

?01)!+5)!?'::M(51*5)!(M='21)!?7!;5(>507!?5)!)27(')!0?7+*5!<27(!5))0,5(!?5!;28<(51?(5!)21!(j+5!

<3,)'2+2='K75@!a27)! 0>21)! *(27>M!K75!=+290+5851*!OWQ!5)*! 5G<('8M!?01)! +5)! 157(215)! 51!

80*7(0*'21!5*!80*7(5)!5*!?01)!;5(*0'15)!N215)!0))2;'M5)!l!+d3,<5(<+0)*';'*M!)5!;2+2;0+')5!0>5;!+0!

U&WD@!Id5G<(5))'21!?5!OWQ!?01)! +0!XVZ!5*! +0!XUZ!?7!EU!821*(5!K75!OWQ!5)*! 5G<('8M!

<51?01*! +0! 157(2=51i)5! 0?7+*5! 5*! 6275! 71! (j+5! l! ?'::M(51*)! )*0?5)! ?5! +0! 80*7(0*'21-! ?5! +0!

?'::M(51;'0*'21!5*!?5!+d'1*M=(0*'21!157(210+5@!

E01)!?5!1289(57)5)!(M='21)!?7!;5(>507-!OWQ!5)*!5G<('8M!?01)!+5!157(2<'+!821*(01*!+0!8�85!

5G<(5))'21!K75!DXWcaOWJ!K7'!5)*!+'M!l!+0!8M82'(5!5*!l!+d0<<(51*'))0=5!07!1'>507!?7!*30+087)@!

OWQ!5)*!M=0+5851*!5G<('8M!?01)!+0!N215!3,<2*30+08'K75-!2k!'+!)5!;2+2;0+')5!0>5;!+5)!;5++7+5)!

U&WD-!821*(01*! +0! :21;*'21! K75! <27((0'*! 6275(! OWQ! ?01)! ;5**5! N215! K7'! <27((0'*! �*(5! 715!

127>5++5!(M='21!2k!)5!<(2?7'*!+0!157(2=51i)5!0?7+*5@!

E01)!71!)5;21?!*58<)-!127)!>27+'21)!?M*5(8'15(!;28851*!+0!<5(*5!?5!OWQ!0::5;*5!+0!?'>')'21!

?5)!(2)5**5)-!71!82?i+5!K7'!8'8'K75!+0!:2(80*'21!?7!*795!157(0+-!<27(!;28<(51?(5!+5!(j+5!627M!

<0(!OWQ!?01)! +5)!<(58'i(5)!M*0<5)!?5! +0!157(2=51i)5@!D27(!(M<21?(5!l!;5**5!K75)*'21-!127)!

0>21)!;(MM!71!82?i+5!;5++7+0'(5!?01)!+5K75+!127)!M+'8'121)!OWQ!51!7*'+')01*!OQ.XDQ!;0)f@!

O2885!127)!15!<27>21)!<0)!80'1*51'(!+5)!(2)5**5)!<51?01*!715!+21=75!<M('2?5!51!;7+*7(5!0>01*!

K7d5++5)!15!;28851;51*!l!)5!?'::M(51;'5(!51!aDO!P;5++7+5)!<(2=M1'*(';5)!157(0+5)R-!127)!0>21)!

5::5;*7M! +F'10;*'>0*'21! ?7! =i15! OWQ! <0(! OQ.XDQ! ?01)! +5)! 'DX;-! <7')! 127)! 0>21)! ;21*(j+M!

+FM>2+7*'21!?5)!;5++7+5)!l!;30K75!M*0<5!67)K7dl!+0!:2(80*'21!?5!+0!(2)5**5@!

a27)!0>21)!>M(':'M!<0(!;,*28M*('5!51!:+7G!+d5G<(5))'21!?5!OWQ!?01)!+5)!?'::M(51*5)!;5++7+5)@!

D27(!+dM?'*'21!?7!=M1285!OQ.XDQpO0)f-!127)!0>21)!7*'+')M!+0!17;+M2:5;*'21!?5)!;28<+5G5)!?5!

('9217;+M2<(2*M'15)! l!WQa! ),1*3M*'K75! PQaDR!O0)f@!W<(i)! 0>2'(! 5::5;*7M! +5!OQ.XDQcCL-!

127)!0>21)!')2+M!?'::M(51*)!;+215)!5*!>M(':'M!<0(!;,*28M*('5!?5!:+7G!+d5G<(5))'21!?5!OWQ@!a27)!

0>21)!;21)*0*M!K7d'+!1d,!0!<0)!?F5G<(5))'21!?5!OWQ!?01)!+5!;+215!0<(i)!+5!OQ.XDQ!CL@!E5!<+7)-!

+5)!Y5)*5(1!9+2*)!M*0'51*!;23M(51*)!0>5;!+5)!?211M5)!?5!;,*28M*('5!51!:+7G-!5*!07))'!+5)!(M)7+*0*)!

?7!)MK751�0=5!;21:'(85!+0!<5(*5!?5!OWQ@!

W<(i)!+0!?'::M(51*'0*'21!?5)!;5++7+5)!51!(2)5**5)-!21!0!07))'!;21:'(8M!+F09)51;5!?5!+F5G<(5))'21!

?5!OWQ!?01)!+5)!+7851)!?5)!(2)5**5)!K7'!?M('>51*!?5)!;+215)!?F'DX;!;28<0(M)!l!?5)!(2)5**5)!

?'::M(51;'M5)!?5)!'DX;!YH@!L1!0!*(27>M!K75!+0!)7(:0;5!?5)!+7851)!?5)!(2)5**5)!K7'!?M('>51*!?5)!

;+215)!5)*!)'=1':';0*'>5851*!'1:5('57(5!l!+0!)7(:0;5!?5)!+7851)!?5)!(2)5**5)!YH!l!?57G!?'::M(51*)!

627()!?5!?'::M(51*'0*'21!51!)5!90)01*!)7(!+5!;28<*0=5!?5)!)7(:0;5)!80(K7M5)!0>5;!ZL"-!K7'!5)*!

""f

71!80(K757(!5G<('8M!07!1'>507!?5)!+7851)!?5)!(2)5**5)!5*!K7'!;2+2;0+')5!0>5;!OWQ!?01)!+5)!

(2)5**5)!YH@

"#$%&'!R)!M-=!?/-=!.-5=&+5=!/+!3#0=&#7%=#-5!3'!/+!.-@'55'!3'0!0%&1+2'0 8.#2&-5I:!3+50!24+i%'!K^!3'0!&-0'=='0 ?-%&!/' 2/-5'!

(>(6!2/-5'!(Y!'=!/'0!&-0'=='0!bP>!]'0!/%.'50 0-5=!2-.?=k0!'5!1-52=#-5!3'!/m'C?&'00#-5!3'!VW(!3+50!/+!/%.#l&'!3'0!&-0'=='0>!]+!

7+&&'!&-%$'!.-5=&'!/+!.-@'55'!3'0!.-@'55'0!3'0!B-5'0!+%!,-%&!(`!3'!/+!3#11k&'52#+=#-5>

W<(i)-! <27(! ;28<(51?(5! +d5::5*! ?7! (M='85! 0+'851*0'(5! (';35! 51! =(0'))5)! 5*! 51! )5+! )7(! +5)!

1'>507G!?5!OWQ!?01)!+5!;5(>507!0?7+*5!127)!0>21)!127(('!?5)!)27(')!0>5;!71!(M='85!(';35!51!

=(0'))5)!P[&ER@!I5)!)27(')!K7'!)7'>51*!;5!(M='85!<(M)51*51*!715!'1:+0880*'21!>0);7+0'(5!5*!715!

(M0;*'>'*M!=+'0+5!?01)! +5!XaO@!a27)!>27+21)!>2'(!;28851*! +5! (M='85!0+'851*0'(5!0::5;*5! +5)!

1'>507G!?5!OWQ!?01)!+5!=,(7)!?51*M@!E01)!;5**5!5G<M('51;5-!+5)!)27(')!8�+5)!5*!:585++5)!21*!M*M!

?'>')M5)!51!K70*(5!=(27<5)! o! (M='85!)*01?0(?! PXER-! (M='85! (';35!51!=(0'))5)! P[&ER-! (M='85!

)*01?0(?!0>5;!'165;*'21!?7!+'<2<2+,)0;;30('?5)!PIDX-!<27(!'8'*5(!+5)!'1:5;*'21)!90;*M('5115)R-!

5*!71!(M='85!0>5;![&E!{!IDX@!

W<(i)!+d'887123')*2;3'8'5!?5!OWQ-!127)!0>21)!;28<*M!+5!1289(5!?5!;5++7+5)!OWQ{!?01)!+0!

XUZ!5*!+0!N215!=(017+0'(5!?7!=,(7)!?51*M@!a27)!0>21)!*(27>M!715!?'::M(51;5!)'=1':';0*'>5!51*(5!

+5)! (M='85)!0+'851*0'(5)- '+!,!0!82'1)!?5!OWQ!5G<('8M)!?01)! +5)!;5++7+5)!?7!EU!?5)!)27(')!

127(('*!0>5;![&E!5*!51;2(5!82'1)!?01)! +5)!)27(')!127(('*!0>5;![&E!5*! '165;*M!0>5;!?7!IDX!

()!*+&,#9.:

"#h

"#$%&'!U)!!KC?&'00#-5!3'!;<J!3+50!/+!2-%24'!3'!/+!B-5'!0%7$&+5%/+#&'!3%!$@&%0!3'5=k!24'B!3#11k&'5=0!$&-%?'0!3'!0-%&#0!+3%/='0!

+@+5=! 0%#N#! 3#11k&'5=0! &k$#.'0! +/#.'5=+#&'0! )! FM! 8&k$#.'! 0=+53+&3:! S"M! 8&k$#.'! &#24'! '5! $&+#00'0:6! ]OF! 8#5,'2=#-5! 3'!

/#?-?-/@0+224+&#3':!S"Ma!]OF!8&k$#.'!&#24'!'5!$&+#00'0!'=!#5,'2=#-5!3'!/#?-?-/@0+224+&#3':6!1'.'//'0!'5!-&+5$'6!.p/'0!'5!7/'%>

B1! 27*(5-! +5)! 010+,)5)! <0(! Y5)*5(1! A+2*! 21*! 821*(M! 715! ?'::M(51;5! )'=1':';0*'>5! ?01)!

+F5G<(5))'21!?5!OWQ!51*(5!+5)!?'::M(51*)!(M='85)!0+'851*0'(5)!<27( +5)!)27(')!:585++5)!5*!+5)!

)27(')!80+5)@

IF5G<(5))'21!?5!OWQ!5)*!0::5;*M5!<0(!+5!(M='85!0+'851*0'(5!5*!+F'165;*'21!?7!IDX-!?01)!71!

51>'(2115851*!'1:+0880*2'(5-!5*!<+7)!'+!,!0!715!'1:+0880*'21!82'1)!'+!,!0!OWQ@!

! "#"!

;@:C:!/#-"$3.,#-&

a27)!)0>21)!80'1*5101*!2k!OWQ!5)*!5G<('8M!?01)!+5)!?'::M(51*5)!(M='21)!?7!;5(>507!?5)!

)27(')-!l!<0(*'(!?5!;5!(M)7+*0*!127)!127)!)2885)!;21;51*(M)!)7(!+5!(j+5!K75!<27((0'*!6275(!OWQ!

<51?01*!+0!157(2=51i)5!0?7+*5!<7')K7d'+!5)*!5G<('8M!?01)!+5)!(M='21)!2k!)5!<(2?7'*!+0!

157(2=51i)5!0?7+*5@!OWQ!6275!71!(j+5!<51?01*!+0!:2(80*'21!?7!*795!157(0+!o!+0!*0'++5!?5!+0!

+78'i(5!?5)!(2)5**5)!5)*!<+7)!<5*'*5!<0(!(0<<2(*!07G!(2)5**5)!?5!;21*(j+5!0<(i)!K75!127)!0,21)!

CL!OWQ!<0(!OQ.XDQ!?01)!+5)!'DX;-!;5**5!M*7?5!27>(5!+0!>2'5!l!?5!1289(57)5)!K75)*'21)!

;21;5(101*!+0!?'>')'21!?5)!;5++7+5)!<51?01*!+0!:2(80*'21!?7!*795!157(0+-!;28851*!+0!

?'::M(51;'0*'21!5*!+0!<(2+':M(0*'21!?5)!;5++7+5)!)21*!0::5;*M5)-!5*!)'!+0!80;3'15('5!?5)!;5++7+5)!5)*!

M=0+5851*!0::5;*M5!<0(!+0!<5(*5!?5!OWQ@!

Id5G<(5))'21!?5!OWQ!?01)!+5!XUZ!?7!EU!5)*!M=0+5851*!0::5;*M5!?01)!+5)!;5(>507G!0?7+*5)!51!

(0')21!?d715!'1:+0880*'21!),)*M8'K75!'1?7'*5!<0(!+5![&E!5*!+5!IDX@!Id'8<2(*01;5!?5!12*(5!

M*7?5-!821*(5!K75!<+7)!127)!0>21)!?d'1:+0880*'21-!82'1)!127)!0>21)!?5!OWQ@!W!<0(*'(!?5!

;5**5!90)5-!127)!0++21)!;21*'175(!l!5G<+2(5(!+0!:21;*'21!?5!OWQ!?01)!+5!XaO@!

!

!! !

! "##!

! !

! "#$!

!D"! V35)3',68C@W0

!P"R!!A5(=5+)21-!S@!J@!.)2+0*'21!2:!0!O28821!Q5;5<*2(!:2(!O2G)0;4'5!A!V'(7)5)!01?!W?512>'(7)5)!#!01?!\@!IV!,"V,!#SS4-!4M;!P\$h%R-!"$#hv"$#$@!3**<)opp?2'@2(=p"h@""#^p);'51;5@#_\@\$h%@"$#h@!P#R!!H2842-!Q@!D@n!e7-!Q@n!D3'+'<)21-!I@![OWQ!01?!JOWQo!H35![7801!01?!J27)5!O5++7+0(!Q5;5<*2()!:2(!X79=(27<!O!W?512>'(7)5)!01?!U(27<!A!O2G)0;4'5>'(7)5)@!W&'V:#H2%>:#CV23:#IV!:!#SS4-!?9!P_R-!$$\#v$$\^@!3**<)opp?2'@2(=p"h@"h_$p<10)@f%@_@$$\#@!P$R!!O0()21-!X@!E@n!O30<801-!a@!a@n!H(0;,-!X@!J@!D7(':';0*'21!2:!*35!D7*0*'>5!O2G)0;4'5>'(7)!A!Q5;5<*2(!:(28![5I0!O5++)@!F!'VX,B:#F!'UXY/:#L,/:#0'BB+":!#SS4-!477!P#R-!$#\v$#`@!3**<)opp?2'@2(=p"h@"hh^p99(;@"ff_@^%%f@!P%R!!J0(*'12-!H@!W@n!D5*(';-!J@n!Y5'1=0(*+-![@n!A5(=5+)21-!S@!J@n!L<0>)4,-!J@!W@n!Q';30(?)21-!O@!E@n!J2?+'1-!S@!&@n!&'195(=-!Q@!Y@n!C0'1-!C@!O@n!Y'++')-!a@n!U071**-!O@!S@n!I'7-!D@!D@!H35!O2G)0;4'5cW?512>'(7)!Q5;5<*2(!POWQR!.)!b)5?!9,!Q5:5(51;5!X*(0'1)!01?!O+'1';0+!.)2+0*5)!Q5<(5)51*'1=!W++!X'G!X5(2*,<5)!2:!O2G)0;4'5>'(7)!U(27<!A!01?!9,!X/'15!V5)';7+0(!E')50)5!V'(7)@!Z!&'>'*Y!=TTT-!4M-!P"R-!ffv"h`@!3**<)opp?2'@2(=p"h@"hh^p>'(2@#hhh@h$#%@!P\R!!Z7)),-!O@n!I27)*0+2*-!&@n!S71,51*-!&@n!U0(?21'-!&@n!A2('5)-!O@n!V0+5(2-!S@n!E5)0(851'51-!J@!U@n!A5(15G-!&@n![510::-!E@n!A0,2cD7G01-!a@n!O351-!S@cY@n!I21621-!a@n!?5!C21'1;4-!]@n!J0+>0-!S@!L@n!A5(=5+)21-!S@!J@n!?'!I7;0-!J@n!X;3'0>2-!U@n!X0+'10)-!X@n!C(585(-!B@!S@!O2G)0;4'5>'(7)!W?512>'(7)!Q5;5<*2(!I2))!.8<0'()!W?7+*!a57(2=515)')-!X,10<)5!O21*51*-!01?!['<<2;08<7)!D+0)*';'*,@!Q:#H,+&'/V!:!=T#!-!7<!P$_R-!f\\`vf\_"@!3**<)opp?2'@2(=p"h@"\#$pSaBbQLXO.@h"$#c"^@#h"^@!P^R!!A2+?('1'-!J@n!&7+82(5-!O@!W@n!H0(**-!W@!a@n!X'8521-!I@!Q@n!D0>+2>0-!.@n!D2<2)40-!V@n!Q2)24+'60-!U@!A@n!X*0142>-!W@n!W(01=2-!V@n!E/2(4-!W@!S@n![51-!Q@n!J011-!S@!S@![7801!['<<2;08<0+!a57(2=515)')!D5()')*)!*3(27=327*!W='1=@!0,>>#I%,B#0,>>!=T#U-!44!P%R-!\`fc\ff@5\@!3**<)opp?2'@2(=p"h@"h"^p6@)*58@#h"`@h$@h"\@!P_R!!J2(512cS'8M15N-!B@!D@n!&+2(cU0(;�0-!J@n!H5((5(2)cQ21;0+-!S@n!Q�9012-!W@n!O0:'1'-!&@n!D0++0)cA0N0((0-!a@n!�>'+0-!S@n!I+2(51)cJ0(*�1-!J@!W?7+*!['<<2;08<0+!a57(2=515)')!.)!W971?01*!'1!a57(2+2=';0++,![50+*3,!X7965;*)!01?!E(2<)!X30(<+,!'1!D0*'51*)!/'*3!W+N35'85(F)!E')50)5@!H2%:#E,3:!=T#S-!4;!P%R-!\\%v\^h@!3**<)opp?2'@2(=p"h@"h$`p)%"\f"ch"fch$_\cf@!P`R!!&0(40)-!H@n!]01=-!C@n!I5!D51?7-!S@n!A0'15)-!S@!E@n!O0(?'1-!Q@!E@!H35!O2G)0;4'5>'(7)!01?!W?512>'(7)!Q5;5<*2(-!0!Q5K7'(5?![2)*!&0;*2(!:2(!Q5;2>'(7)!.1:5;*'21-!.)!0!D7*0*'>5!B1*5(';!O0+';'>'(7)!Q5;5<*2(@!Q:#Z!&'>:!=T#S-!?7!P##R@!3**<)opp?2'@2(=p"h@""#`pSV.@hh`^fc"f@!PfR!!&24-!D@!H@n![701=-!C@cO@n![2++01?-!D@!O@n!a0+901*2=+7-!S@!H35!O2G)0;4'5!01?!W?512>'(7)!Q5;5<*2(!A'1?)!J';(2*797+5)!01?!D+0,)!0!Q2+5!'1!O5++!J'=(0*'21@!Q:#F!'>:#0X,B:!=TT4-!4=4!P"hR-!_\"#v_\#"@!3**<)opp?2'@2(=p"h@"h_%p69;@J^h_#$h#hh@!P"hR!! [701=-!C@cO@n!]0)(75+-!Z@n!U7M('1-!O@n![2++01?-!D@!O@n!a0+901*2=+7-!S@!.1*5(0;*'21!2:!*35!O2G)0;4'5!01?!W?512>'(7)!Q5;5<*2(!POWQR!/'*3!*35!O,*2)45+5*21o!A'1?'1=!*2!W;*'1@!)PFI#K,%%:!=TT4-!;=-!P"%R-!#_h#v#_h`@!3**<)opp?2'@2(=p"h@"h"^p6@:59)+5*@#hh_@h\@h"f@!P""R!! V5(?'12-!D@n!Y'*35(?51-!E@!W@n![0>(01-!Y@!I@n!Y'+)21-!.@!W@!H35!J2+5;7+0(!.1*5(0;*'21!2:!OWQ!01?!SWJI!Q5;(7'*)!*35!O51*(0+!O5++!X'=10+!H(01)?7;5(!D.$C@!IV!,"V,!=T#T-!74?!P\ff^R-!"#"hv"#"%@!3**<)opp?2'@2(=p"h@""#^p);'51;5@""`_ff^@!P"#R!! Q0);3<5(=5(-!B@n!H3,95(=-!S@n!D5**5())21-!X@n!D3'+'<)21-!I@n!&7G5-!S@n!D5**5())21-!Q@!&@!H35!O2G)0;4'5c!01?!W?512>'(7)!Q5;5<*2(!POWQR!.)!01!'1!V'>2!J0(45(!:2(!B<'*35+'0+!H'=3*!S71;*'21)-!/'*3!0!D2*51*'0+!Q2+5!'1!Q5=7+0*'1=!D5(8509'+'*,!01?!H'))75![2852)*0)')@!P1U:#0,>>#L,/:!=TT!-!7-4!PfR-!"\^^v"\`h@!3**<)opp?2'@2(=p"h@"h"^p6@,5G;(@#hh^@h"@h#\@!P"$R!! I')5/)4'-!b@n!X3'-!]@n!Y(0;485,5(-!b@n!&');35(-!Q@n!O351-!O@n!X;3'(?5/01-!W@n!S�**15(-!Q@n!Q0*3651-!&@n!D2++5(-!Y@n!Q0?45-!J@![@n!U2**30(?*-!J@!H35!H'=3*!S71;*'21!D(2*5'1!OWQ!Q5=7+0*5)!O0(?'0;!O21?7;*'21!01?!O5++vO5++!O28871';0*'21@!Q:#P1U:#E,3:!=TTU-!4O;!P"hR-!

! "#%!

#$^fv#$_f@!3**<)opp?2'@2(=p"h@"h`%p658@#hh`h`f_@!P"%R!! I'8-!A@cC@n!e'21=-!E@n!E2(15(-!W@n!]271-!H@cS@n!]71=-!W@n!I'7-!H@!.@n!U7-!]@n!E0+*21-!a@!E@n!Y('=3*-!W@!H@n!B>01)-!X@!J@n!O351-!S@n!D5*5()21-!C@!I@n!J;O7++2;3-!W@!E@n!]06'80-!H@n!C12/+*21-!C@!b@!O2G)0;4'5>'(7)!01?!W?512>'(7)!Q5;5<*2(!POWQR!J5?'0*5)!W*('2>51*(';7+0(ca2?5!&71;*'21!01?!O2115G'1!%\!I2;0+'N0*'21!'1!*35!J7('15![50(*@!Q:#0>!":#6"$,/%:!=TTU-!--=!P`R-!#_\`v#__h@!3**<)opp?2'@2(=p"h@""_#pSO.$%___@!P"\R!! J'(N0-!J@n!D5*5()51-!O@n!a2(?K>')*-!C@n!X2++5(9(01*-!C@!O2G)0;4'5>'(7)!01?!W?512>'(7)!Q5;5<*2(!.)!b<cQ5=7+0*5?!'1!J'=(0*2(,!U5(8!O5++)!?7('1=!D0))0=5!2:!*35!A+22?cH5)*')!A0(('5(@!P"3'V&!"'>'*Y!=TT4-!-9=!P""R-!\%\fv\%^f@!3**<)opp?2'@2(=p"h@"#"hp51@#hh_ch$\f@!P"^R!! [21?0-!H@n!X0'*23-![@n!J0)742-!J@n!C0*0='('cW95-!H@n!H28'10=0-!C@n!C2N040'-!.@n!C290,0)3'-!C@n!C7801')3'-!H@n!Y0*01095-!]@!U@n!L?01'-!X@n!C7/012-!Q@!H35!O2G)0;4'5>'(7)cW?512>'(7)!Q5;5<*2(!D(2*5'1!0)!0!O5++!W?35)'21!J2+5;7+5!'1!*35!E5>5+2<'1=!J27)5!A(0'1@!E'>:#F&2!"#L,/:!=TTT-!MM!P"R-!"fv#`@!3**<)opp?2'@2(=p"h@"h"^pXh"^fc$#`ePhhRhhh$^ce@!P"_R!! V5140*(0801-!U@n!A53(51)-!J@n!D,()4'-!J@n!J0(=2+')-!&@!I@!BG<(5))'21!2:!O2G)0;4'5cW?512>'(7)!Q5;5<*2(!POWQR!'1!*35!E5>5+2<'1=!J27)5!L+:0;*2(,!X,)*58@!Q:#H,+&'VY%'>:!=TTP-!79!P$v\R-!#f\v$h\@!3**<)opp?2'@2(=p"h@"hh_p)""h^`chh\c`$\fc`@!P"`R!! O351-!J@n!C0*2-!H@n!C0*2-!]@!E0*0!21!I2;0+'N0*'21!2:!O2G)0;4'5>'(7)!01?!W?512>'(7)!Q5;5<*2(!POWQR!'1!*35!B89(,21';!Q0*!A(0'1@!R2%2#F&!,@!=T#S-!47-!"h$_#^@!3**<)opp?2'@2(=p"h@"h"^p6@?'9@#h"f@"h$_#^@!P"fR!! Y539'-!W@n!C(585(-!B@!S@n!E2<5)2cQ5,5)-!.@!U@!I2;0*'21!2:!*35!O5++!W?35)'21!J2+5;7+5!�O2G)0;4'5>'(7)!01?!W?512>'(7)!Q5;5<*2(�!'1!*35!W?7+*!J27)5!A(0'1@!)&'"%:#H,+&'2"2%:!=T=T-!-9-!#`@!3**<)opp?2'@2(=p"h@$$`fp:1010@#h#h@hhh#`@!P#hR!! X30<'(2-!I@n!I2>5-!S@n!O2+801-!E@!Q@!W?35)'21!J2+5;7+5)!'1!*35!a5(>27)!X,)*58o!X*(7;*7(0+!.1)'=3*)!'1*2!&71;*'21!01?!E'>5()'*,@!C""+:#L,$:#H,+&'/V!:!=TT4-!7O!P"R-!%\"v%_%@!3**<)opp?2'@2(=p"h@""%^p0117(5>@157(2@#f@h\"^h\@""$h$%@!P#"R!! V515(2-!O@n![5((5(2-!W@!.@n!H27,0(2*-!C@n!O08921-!C@n!I�<5Nc&5(1�1?5N-!J@!W@n!A5(5N'1-!V@n!A2;4-!B@n!X01?'-!O@!['<<2;08<0+!b<cQ5=7+0*'21!2:!aOWJ!BG<(5))'21!01?!D2+,)'0+,+0*'21!D+0,)!0!C5,!Q2+5!21!X<0*'0+!J582(,o!['<<2;08<0+!aOWJ!D+0,)!0!C5,!Q2+5!'1!X<0*'0+!J582(,@!P+&:#Q:#H,+&'/V!:!=TT!-!47!P^R-!"\`\v"\f\@!3**<)opp?2'@2(=p"h@""""p6@"%^hcf\^`@#hh^@h%^^$@G@!P##R!! V74265>';-!V@n!J0)*(01?(50)-!D@n!W(12+?-!W@n!D5*5(-!&@n!C2+0))0-!.@cH@n!Y'+45(-!X@n!B+95(*-!H@n!?5!s75(>0'1-!E@!S@c&@n!D0<0))2*'(2<27+2)-!W@n!X*5*04-!W@!B>2+7*'210(,!O21)5(>5?!Q2+5!2:!a57(0+!O5++!W?35)'21!J2+5;7+5c"!'1!J582(,@!J&2"/>:#W/YVX!2%&Y!=T=T-!-O!P"R-!#"_@!3**<)opp?2'@2(=p"h@"h$`p)%"$f`ch#hchh`ffc,@!P#$R!! C2N+2>0-!.@n!X03-!X@n!C509+5-!Q@n!I5)3;3,1)F40-!.@n!S01'*N-!J@n!X,*1,4-!V@!O5++!W?35)'21!J2+5;7+5)!01?!D(2*5'1!X,1*35)')!Q5=7+0*'21!'1!a57(21)@!)&'"%:#E'>:#H,+&'/V!:!=T=T-!-7-!\f#"#^@!3**<)opp?2'@2(=p"h@$$`fp:182+@#h#h@\f#"#^@!P#%R!! X3'8212-!]@n!Q'4'*045-!]@n!J01?0'-!C@n!J2('-!J@n!H040'-!]@!.88712=+297+'1!X7<5(:08'+,!Q5;5<*2()!01?!W?35(51)!S71;*'21)@!.1!C3X,&,"/#Q+"V%!'"/[#@&'B#E'>,V+>2&#E,VX2"!/B/#%'#J!//+,#R,$,>'UB,"%#2"3#R!/,2/,n![0((')-!H@-!B?@n!X79;5++7+0(!A'2;358')*(,n!X<('1=5(!a5*35(+01?)o!E2(?(5;3*-!#h"#n!V2+@!^h-!<<!"$_v"_h@!3**<)opp?2'@2(=p"h@"hh_pf_`cf%chh_c%"`^c_�_@!P#\R!! O32*3'0-!O@n!S215)-!B@!]@!H[B!JLIBObIWQ!XHQbOHbQB!L&!OBII!WE[BX.La!JLIBObIBX@!C""+:#L,$:#F!'VX,B:!#SS4-!<<!P"R-!`#$v`^#@!3**<)opp?2'@2(=p"h@""%^p0117(5>@9'2;358@^^@"@`#$@!P#^R!! H2=0)3'-![@n!X04')040-!H@n!H040'-!]@!O5++!W?35)'21!J2+5;7+5)!'1!*35!O51*(0+!a5(>27)!X,)*58@!0,>>#C3X,/:#E!*&:!=TTS-!7!P"R-!#fv$\@!3**<)opp?2'@2(=p"h@%"^"p;08@$@"@^__$@!P#_R!! W1='0('-!X@n!O21)*01*'1-!U@!X5+5;*'1)!01?!H35'(!I'=01?)!0)!D2*51*'0+!.88712*35(0<57*';!H0(=5*)!'1!a57(2+2=';0+!E')50)5)@!6BB+"'%X,&2UY!=T#D-!;!P""R-!"#h_v"##h@!3**<)opp?2'@2(=p"h@##"_p'8*@"$@"##@!

! "#\!

P#`R!! EFJ5++2-!O@n!Q'0N'-!C@n!I5-!H@n!X*5>51)-!C@!J@n!Y01=-!W@n!J;C0,-!E@!J@n!D'**801-!s@!S@n!X/0'1-!J@!U@!DcX5+5;*'1cJ5?'0*5?!J212;,*5cO5(59(0+!B1?2*35+'78!W?35)'>5!.1*5(0;*'21)!I'14!D5('<35(0+!L(=01!.1:+0880*'21!H2!X';415))!A530>'2()@!Q:#H,+&'/V!:!=T#D-!77!P$_R-!"%`_`v"%```@!3**<)opp?2'@2(=p"h@"\#$pSaBbQLXO.@"$#fc"$@#h"$@!P#fR!! I'+60-!S@n!.>0)40-!S@!.1*5=('1!W;*'>'*,!'1!a57(210+!O2115;*'>'*,@!Q:#0,>>#IV!:!=T#U-!-7-!P"#R-!6;)#"#`h$@!3**<)opp?2'@2(=p"h@"#%#p6;)@#"#`h$@!P$hR!! Y7-!e@n!Q5??,-!E@!X@!.1*5=('1)!0)!Q5;5<*2(!H0(=5*)!:2(!a57(2+2=';0+!E')2(?5()@!WX2&B2V'>:#JX,&:!=T#=-!-79!P"R-!^`v`"@!3**<)opp?2'@2(=p"h@"h"^p6@<30(8*35(0@#h""@"#@hh`@!P$"R!! S07?21-!&@n!H30+30885(-!W@n!O'1=2+01'-!I@!W@!.1*5=('1!W?35)'21!'1!A(0'1!W))589+,o!&(28!J2+5;7+0(!X*(7;*7(5!*2!a57(2<),;3'0*(';!E')2(?5()@!P+&:#Q:#H,+&'/V!:!=T=#-!;7!P"#R-!$`$"v$`\h@!3**<)opp?2'@2(=p"h@""""p561@"%`\f@!P$#R!! D712>72('-!C@n!J0+0=7*'-!J@n!I2/5++-!X@!O0?35('1)!'1!B0(+,!a57(0+!E5>5+2<851*@!0,>>:#E'>:#K!@,#IV!:!=T=#-!M=!PfR-!%%$\v%%\h@!3**<)opp?2'@2(=p"h@"hh_p)hhh"`ch#"ch$`"\cf@!P$$R!! J',082*2-!]@n!X04015-!&@n![0)3'82*2-!C@!acO0?35('1cA0)5?!W?35(51)!S71;*'21!Q5=7+0*5)!*35!J0'1*5101;5-!D(2+':5(0*'21-!01?!E'::5(51*'0*'21!2:!a57(0+!D(2=51'*2(!O5++)!?7('1=!E5>5+2<851*@!0,>>#C3X,/:#E!*&:!=T#P-!?!P$R-!"`$v"f#@!3**<)opp?2'@2(=p"h@"h`hp"f$$^f"`@#h"\@"hh\%^^@!P$%R!! E0145(-!C@!W?35)'21!J2+5;7+5)@!.1!P"VYV>'U,3!V#L,@,&,"V,#'@#D,"'B!V/#2"3#W&'%,'B!V/#!"#E'>,V+>2&#E,3!V!",n!X<('1=5(!A5(+'1![5'?5+95(=-!#hh^n!<<!#\v#`@!3**<)opp?2'@2(=p"h@"hh_p$c\%hc#f^#$cf�h\%h@!P$\R!! H01-!Q@!D@!W@n!I5)3;3,1)F40-!.@n!X,*1,4-!V@!U+,;2),+<32)<30*'?,+'12)'*2+cW1;32(5?!.88712=+297+'1!X7<5(:08'+,!O5++!W?35)'21!J2+5;7+5)!01?!H35'(!Q2+5!'1!a57(210+!E5>5+2<851*!01?!X,10<)5!Q5=7+0*'21@!)&'"%:#E'>:#H,+&'/V!:!=T#4-!-O-!$_`@!3**<)opp?2'@2(=p"h@$$`fp:182+@#h"_@hh$_`@!P$^R!! I5)3;3,1)F40-!.@n!X,*1,4-!V@!Q5;'<(2;0+!.1*5(0;*'21)!95*/551!O5++!W?35)'21!J2+5;7+5)!2:!*35!.88712=+297+'1!X7<5(:08'+,!01?!*35!O,*2)45+5*21!'1!a57(21)@!)&'"%:#0,>>#R,$:#F!'>:!=T#!-!9@!3**<)opp?2'@2(=p"h@$$`fp:;5++@#h"^@hhhhf@!P$_R!! O3(M*'51-!.@n!Q295(*-!S@n!J0(;7N-!W@n!U0(;'0cX01N-!S@!W@n!O27(*5*-!J@n!E7!D0)K7'5(-!I@!OHe-!0!a2>5+!J2+5;7+5!X<5;':';0++,!BG<(5))5?!21!*35!X7(:0;5!2:!O2(*';0+!H3,82;,*5)!.1e512<7)@!P+&:#Q:#6BB+"'>:!#SS!-!4<!P%R-!_`hv_f"@!3**<)opp?2'@2(=p"h@"hh#p56'@"`$h#^h%hf@!P$`R!! X;3(5'95(-!S@n!I01=32()*-![@n!S�**15(-!Q@n!Q0*3651-!&@!U@!H35!.=OWJ)!OWQ-!AHc.=X&-!01?!OIJDo!X*(7;*7(5-!&71;*'21-!01?!E')50)5)@!.1!0,>>#C3X,/!'"#E'>,V+>,/n!A5(5N'1-!V@-!Y0+82?-!D@!X@-!B?)@n!W?>01;5)!'1!a57(29'2+2=,n!X<('1=5(!a5/!]2(4o!a5/!]2(4-!a]-!#h"%n!V2+@!`-!<<!#"v%\@!3**<)opp?2'@2(=p"h@"hh_pf_`c"c%^"%c`hfhc_�#@!P$fR!! J0**3�7)-!O@n!I01=32()*-![@n!X;3�*N-!I@n!S�**15(-!Q@n!Q0*3651-!&@!U@!O5++cO5++!O28871';0*'21!J5?'0*5?!9,!*35!OWQ!X79=(27<!2:!.88712=+297+'1!O5++!W?35)'21!J2+5;7+5)!'1![50+*3!01?!E')50)5@!E'>:#0,>>:#H,+&'/V!:!=T#4-!=--!$#v%h@!3**<)opp?2'@2(=p"h@"h"^p6@8;1@#h"^@""@hhf@!P%hR!! A5/+5,-!J@!O@n!X<('1=5(-!C@n!Z301=-!]@cA@n!&(5'87*3-!D@n!&+010=01-!S@!J@!X*(7;*7(0+!W10+,)')!2:!*35!J5;301')8!2:!W?512>'(7)!A'1?'1=!*2!.*)![7801!O5++7+0(!Q5;5<*2(-!OWQ@!IV!,"V,!#SSS-!4=<!P\%%%R-!"\_fv"\`$@!3**<)opp?2'@2(=p"h@""#^p);'51;5@#`^@\%%%@"\_f@!P%"R!! [5-!]@n!O3'<801-!D@!Q@n![2/'**-!S@n!A0*2(-!O@!J@n!Y3'**-!J@!W@n!A045(-!H@!X@n!C731-!Q@!S@n!W1?5()21-!O@!Y@n!&(5'87*3-!D@n!Q2))8011-!J@!U@!.1*5(0;*'21!2:!O2G)0;4'5>'(7)!A$!/'*3!*35!&7++!I51=*3!O2G)0;4'5>'(7)cW?512>'(7)!Q5;5<*2(@!H2%:#I%&+V%:#F!'>:!=TT#-!=!P"hR-!`_%v`_`@!3**<)opp?2'@2(=p"h@"h$`p1)9"hh"c`_%@!P%#R!! &(5'87*3-!D@n!D3'+'<)21-!I@n!O0()21-!X@!E@!H35!O2G)0;4'5>'(7)!01?!W?512>'(7)!Q5;5<*2(@!.1!D&'+U#F#0'1/2V\!,$!&+/,/n!H(0;,-!X@-!L95()*5-!J@!X@-!E(5);35(-!C@!J@-!B?)@n!O7((51*!H2<';)!'1!J';(29'2+2=,!01?!.88712+2=,n!X<('1=5(!A5(+'1![5'?5+95(=o!A5(+'1-![5'?5+95(=-!#hh`n!V2+@!$#$-!<<!^_v`_@!3**<)opp?2'@2(=p"h@"hh_pf_`c$c\%hc_\\%^c$�%@!P%$R!! O2,15-!O@n!A5(=5+)21-!S@!OWQo!W!V'(7)!Q5;5<*2(!/'*3'1!*35!H'=3*!S71;*'21@!C3$:#R&+*#

! "#^!

R,>!$:#L,$:!=TTP-!;M!P^R-!`^fv``#@!3**<)opp?2'@2(=p"h@"h"^p6@0??(@#hh\@h"@hh_@!P%%R!! X0+'10)-!X@n!Z7)),-!O@n!I27)*0+2*-!&@n![510::-!E@n!J5151?5N-!U@n!J2(*21-!D@!B@n!D0()21)-!J@n!X;3'0>2-!U@n!C(585(-!B@!S@!E')(7<*'21!2:!*35!O2G)0;4'5>'(7)!01?!W?512>'(7)!Q5;5<*2(c[282?'85(';!.1*5(0;*'21!H('==5()!I'<'?!J';(2?280'1c!01?!E,108'1cE5<51?51*!B1?2;,*2)')!01?!I,)2)280+!H0(=5*'1=@!Q:#F!'>:#0X,B:!=T#O-!4=?!P#R-!^`hv^f\@!3**<)opp?2'@2(=p"h@"h_%p69;@J""$@\"`$^\@!P%\R!! A2/+5)-!C@!Q@n!U'9)21-!S@n!Y7-!S@n!X30::5(-!I@!U@n!H2/9'1-!S@!W@n!A2/+5)-!a@!B@!U5128';!L(=01'N0*'21!01?!O3(282)280+!I2;0+'N0*'21!2:!*35![7801!O2G)0;4'5>'(7)!AcW?512>'(7)!Q5;5<*2(!U515@!G+B:#D,",%:!#SSS-!-O;!P%R-!$\%v$\f@!3**<)opp?2'@2(=p"h@"hh_p)hh%$fffhh"$^@!P%^R!! [0**2('-!J@n!&76',080-!W@n!H0,+2(-!H@!E@n!Y0*01095-![@n!]0?0-!H@n!D0(4-![@cX@n!H2,2?0-!W@n!.)3''-!C@n!H2*24'-!]@n!O32'-!E@cC@n!X25?0-!B@n!L34'-!J@n!H040='-!H@n!X0404'-!]@n!H07?'51-!X@n!A+5;3);38'?*-!C@n!D2++5,-!W@n!J51N5+-!b@n!E5+090(-!S@n!C78<:-!C@n!I538011-!Q@n!D0**5()21-!E@n!Q5';3/0+?-!C@n!Q78<-!W@n!X;3'++3095+-!J@n!X;37?,-!W@n!Z'885(8011-!Y@n!Q2)51*30+-!W@n!C7?23-!S@n!X3'97,0-!C@n!C0/0)04'-!C@n!W)040/0-!X@n!X3'1*01'-!W@n!X0)04'-!H@n!a0=08'15-!C@n!J'*)7,080-!X@n!W1*210(04')-!X@!B@n!J'12)3'80-!X@n!X3'8'N7-!a@n!a2(?)'54-!U@n![2(1');35(-!C@n!A(01?*-!D@n!X;30(:5-!J@n!X;3�1-!L@n!E5)0('2-!W@n!Q5';35+*-!S@n!C075(-!U@n!A+�;45(-![@n!Q08)5(-!S@n!A5;4-!W@n!C+0=5)-!X@n![511'=-!X@n!Q'5))5+8011-!I@n!E0=01?-!B@n![00:-!H@n!Y53(85,5(-!X@n!A2(N,8-!C@n!U0(?'15(-!C@n!a'N5*';-!E@n!&(01;')-!&@n!I53(0;3-![@n!Q5'130(?*-!Q@n!]0)<2-!J@cI@!H35!EaW!X5K751;5!2:![7801!O3(282)285!#"@!H2%+&,!=TTT-!9O;!P^_`%R-!$""v$"f@!3**<)opp?2'@2(=p"h@"h$`p$\h"#\"`@!P%_R!! BG;2::21-!C@!S@!E@!W@n!U01)585(-!a@!E@n!J29'+,-!J@!B@n!C0(<-!D@![@n!D0(543-!C@!Q@n!Z0915(-!S@!.)2:2(8cX<5;':';!Q5=7+0*'21!01?!I2;0+'N0*'21!2:!*35!O2G)0;4'5!01?!W?512>'(7)!Q5;5<*2(!'1![7801!W'(/0,!B<'*35+'0@!WK'I#]HP!=T#T-!;!P$R-!5ffhf@!3**<)opp?2'@2(=p"h@"$_"p627(10+@<215@hhhffhf@!P%`R!! O351-!S@cY@n!U32)3-!Q@n!&'195(=-!Q@!Y@n!A5(=5+)21-!S@!J@!X*(7;*7(5!01?!O3(282)280+!I2;0+'N0*'21!2:!*35!J7('15!O2G)0;4'5>'(7)!01?!W?512>'(7)!Q5;5<*2(!U515@!RHC#0,>>#F!'>:!=TTD-!44!P%R-!#\$v#\f@!3**<)opp?2'@2(=p"h@"h`fp"h%%\%fh$$#"fh`^%_@!P%fR!! E2(15(-!W@n!e'21=-!E@n!O27;3-!C@n!]06'80-!H@n!C12/+*21-!C@!b@!W+*5(10*'>5+,!X<+';5?!X2+79+5!O2G)0;4'5cW?512>'(7)!Q5;5<*2()!.13'9'*!O2G)0;4'5>'(7)!.1:5;*'21@!Q:#F!'>:#0X,B:!=TTO-!4M?!P"`R-!"`%f_v"`\h$@!3**<)opp?2'@2(=p"h@"h_%p69;@J$""_\%#hh@!P\hR!! Q50?+5(-!S@!J@n!W+C03+27*-!W@!X@n!X30(80-!D@n!BG;2::21-!C@!S@!E@!W@!.)2:2(8!X<5;':';!B?'*'1=!2:!*35!O2G)0;4'5>'(7)!01?!W?512>'(7)!Q5;5<*2(@!Z!&'>'*Y!=T#S-!;7<-!#hv#^@!3**<)opp?2'@2(=p"h@"h"^p6@>'(2+@#h"f@h_@h"`@!P\"R!! H325+51-!.@n!C5,05(*)-!B@n!I'1?95(=-!J@n!V01!Q01)*-!J@!O30(0;*5('N0*'21!2:!0!OEaW!B1;2?'1=!*35!A2>'15!O2G)0;4'5!01?!W?512>'(7)!Q5;5<*2(@!F!'VX,B:#F!'UXY/:#L,/:#0'BB+":!=TT#-!4==!P%R-!`h\v`h`@!3**<)opp?2'@2(=p"h@"hh^p99(;@#hh"@\`\"@!P\#R!! BG;2::21-!C@!S@!E@!W@n!U01)585(-!a@!E@n!J29'+,-!J@!B@n!C0(<-!D@![@n!D0(543-!C@!Q@n!Z0915(-!S@!.)2:2(8cX<5;':';!Q5=7+0*'21!01?!I2;0+'N0*'21!2:!*35!O2G)0;4'5!01?!W?512>'(7)!Q5;5<*2(!'1![7801!W'(/0,!B<'*35+'0@!WK'I#]HP!=T#T-!;!P$R-!5ffhf@!3**<)opp?2'@2(=p"h@"$_"p627(10+@<215@hhhffhf@!P\$R!! X30/-!C@!I'<2<2+,)0;;30('?5!O07)5)!E5:';'*)!'1!X<0*'0+!I50(1'1=!'1!*35!Y0*5(80N5!97*!a2*!'1!AEa&!BG<(5))'21!'1!*35!Q0*!E51*0*5!U,(7)@!F,X2$:#F&2!"#L,/:!=TT#-!-49!P"R-!%_v\%@!3**<)opp?2'@2(=p"h@"h"^pXh"^^c%$#`Ph"Rhh#$#c_@!P\%R!! BG;2::21-!C@!S@!E@!W@n!A2/5()-!S@!Q@n!X30(80-!D@!"@!W+*5(10*'>5!X<+';'1=!2:!V'(0+!Q5;5<*2()o!W!Q5>'5/!2:!*35!E'>5()5!J2(<32+2='5)!01?!D3,)'2+2='5)!2:!W?512>'(0+!Q5;5<*2()@!L,V,"%#L,/:#R,$:#Z!&'>:!=T#O-!?-!"v#%@!P\\R!! E'5*5+-!J@n![�:15(-!a@n!S01)51-!I@n!E�()*-!J@n!Q71159078-!.@!A@!a2>5+!X<+';5!V0('01*!OWQ!%p^!2:!*35!O2G)0;4'5!W?512>'(7)!Q5;5<*2(!.)!E'::5(51*'0++,!BG<(5))5?!'1!O5(>';0+!O0(;'12=515)')@!Q:#E'>:#E,3:!=T##-!=?!P^R-!^#"v^$h@!3**<)opp?2'@2(=p"h@"hh_p)hh"hfch""c

! "#_!

h_%#c^@!P\^R!! W1?5()21-!Q@!S@n!&(55?+01?-!C@!B@n!O+27)5-!Q@!B@n!I7)*801-!D@!S@!H35!D(5>0+51;5!2:!O282(9'?!E5<(5))'21!'1!W?7+*)!Y'*3!E'095*5)o!W!J5*0cW10+,)')@!R!2A,%,/#02&,!=TT#-!49!P^R-!"h^fv"h_`@!3**<)opp?2'@2(=p"h@#$$_p?'0;0(5@#%@^@"h^f@!P\_R!! X27?0')-!O@n!A27*'1-!X@n![21=-!X@!X@n!O3'++21-!J@n!E012)-!L@n!A5(=5+)21-!S@!J@n!A27+01=5(-!D@n!C(585(-!B@!S@!O01'15!W?512>'(7)!H,<5!#!W**0;3851*!01?!.1*5(10+'N0*'21o!O2G)0;4'5>'(7)cW?512>'(7)!Q5;5<*2(-!W+*5(10*'>5!Q5;5<*2()-!01?!01!QUEc.1?5<51?51*!D0*3/0,@!Q:#Z!&'>:!=TTT-!M9!P##R-!"h^$fv"h^%f@!3**<)opp?2'@2(=p"h@""#`pSV.@_%@##@"h^$fc"h^%f@#hhh@!P\`R!! &5;315(-![@n![00;4-!W@n!Y01=-![@n!Y01=-!e@n!B'N580-!C@n!D07);3'1=5(-!J@n!X;3258045(-!Q@!U@n!>01!V5=35+-!Q@n![27*)87++5(-!W@!A@n!X;37+*35'))-![@cD@n!I085()-!S@!J@!S@n!D2++5(-!Y@!BG<(5))'21!2:!O2G)0;4'5!W?512>'(7)!Q5;5<*2(!01?!W+<30>c.1*5=('1!E25)!a2*!O2((5+0*5!/'*3!W?512>5;*2(!H0(=5*'1=!'1!V'>2!.1?';0*'1=!W10*28';0+!V5;*2(!A0(('5()@!D,",#JX,&:!#SSS-!<!PfR-!"\#hv"\$\@!3**<)opp?2'@2(=p"h@"h$`p)6@=*@$$h"h$h@!P\fR!! D5*(5++0-!S@n!O2351-!O@!S@n!U05*N-!S@n!A5(=5+)21-!S@!J@!W!Z59(0:')3!O2G)0;4'5>'(7)!01?!W?512>'(7)!Q5;5<*2(![282+2=75!.1*5(0;*)!/'*3!O2G)0;4'5!A!V'(7)!01?!W?512>'(7)@!Q:#Z!&'>:!=TT=-!M<!P#hR-!"h\h$v"h\h^@!3**<)opp?2'@2(=p"h@""#`pSV.@_^@#h@"h\h$c"h\h^@#hh#@!P^hR!! C/21-!S@cY@n!C'8-!a@c[@n!O32'-!.@!OeWEQ!.)!Q5K7'(5?!:2(!WS!01?!HS!W))589+,!?7('1=!D2(;'15!A+0)*2;,)*!&2(80*'21@!LPWL]R^0J6]H!=T#!-!-;-!P%R-!#f_v$h%@!3**<)opp?2'@2(=p"h@"\$hpQBDc"\ch$f_@!P^"R!! D01-!s@n!Y01=-!S@n!U02-!]@n!Y01=-!s@n!O7'-![@n!I'7-!O@n!s'-!e@n!Z301=-!]@n!Y01=-!]@n!I'-!C@n!U02-!I@n!I'7-!W@n!Y01=-!e@!.?51*':';0*'21!2:!O3';451!OWQ![282+2=,!0)!0!O5++7+0(!Q5;5<*2(!:2(!*35!B85(='1=!['=3+,!D0*32=51';!&2/+!W?512>'(7)!%!>'0!b1'K75!A'1?'1=!J5;301')8@!PB,&*:#E!V&'A,/#6"@,V%:!=T=T-!?!P"R-!\`^v\f^@!3**<)opp?2'@2(=p"h@"h`hp####"_\"@#h#h@"_$^f\%@!P^#R!! I27)*0+2*-!&@n!C(585(-!B@!S@n!X0+'10)-!X@!H35!.1*(0;5++7+0(!E280'1!2:!*35!O2G)0;4'5>'(7)!01?!W?512>'(7)!Q5;5<*2(!E'::5(51*'0++,!.1:+751;5)!W?512>'(7)!B1*(,@!Q:#Z!&'>:!=T#P-!=?!P"`R-!f%"_vf%#^@!3**<)opp?2'@2(=p"h@""#`pSV.@h"%``c"\@!P^$R!! BG;2::21-!C@!S@!E@!W@!H35!O2G)0;4'5>'(7)!01?!W?512>'(7)!Q5;5<*2(o!V'(2+2=';0+!01?!A'2+2=';0+!A507*,@!)PFI#K,%%:!=T=T-!;?9!P"#R-!"`#`v"`$_@!3**<)opp?2'@2(=p"h@"hh#p"`_$c$%^`@"$_f%@!P^%R!! I27)*0+2*-!&@n!C(585(-!B@!S@n!X0+'10)-!X@!J589(015!E,108';)!01?!X'=10+'1=!2:!*35!O2G)0;4'5>'(7)!01?!W?512>'(7)!Q5;5<*2(@!.1!6"%,&"2%!'"2>#L,$!,_#'@#0,>>#2"3#E'>,V+>2&#F!'>'*Yn!B+)5>'5(-!#h"^n!V2+@!$##-!<<!$$"v$^#@!3**<)opp?2'@2(=p"h@"h"^p9)@'(;89@#h"\@"h@hh^@!P^\R!! L(*'NcZ0<0*5(-!B@n!X01*')-!U@n!D0()21)-!J@!OWQo!W!C5,!Q5=7+0*2(!2:!W?35)'21!01?!.1:+0880*'21@!6"%:#Q:#F!'VX,B:#0,>>#F!'>:!=T#4-!=?-!"v\@!3**<)opp?2'@2(=p"h@"h"^p6@9'2;5+@#h"_@h\@h#\@!P^^R!! C2)*(5/0-!E@!ecQ0,!X*(7;*7(5!2:!S71;*'210+!W?35)'21!J2+5;7+5o!X*(7;*7(0+!A0)')!:2(![282<3'+';!W?35)'21!>'0!0!a2>5+!E'85('N0*'21!J2*':@!PEF]#Q:!=TT#-!4O!P"^R-!%$f"v%$f`@!3**<)opp?2'@2(=p"h@"hf$p58926p#h@"^@%$f"@!P^_R!! D(2*0-!W@!B@n!O08<95++-!S@!W@n!X;35++'1=-!D@n!&2((5)*-!S@!O@n!Y0*)21-!J@!S@n!D5*5()-!H@!Q@n!W7((01?cI'21)-!J@n!.832:-!A@!W@n!E5(82?,-!H@!X@n!X*53+5-!H@!O(,)*0+!X*(7;*7(5!2:![7801!S71;*'210+!W?35)'21!J2+5;7+5!"o!.8<+';0*'21)!:2(!Q52>'(7)!A'1?'1=@!W&'V:#H2%>:#CV23:#IV!:!=TTD-!-OO!PfR-!\$^^v\$_"@!3**<)opp?2'@2(=p"h@"h_$p<10)@hf$__"`"hh@!P^`R!! D0*N45-!O@n!J0G-!C@!B@!W@n!A53+45-!S@n!X;3(5'95(-!S@n!X;38'?*-![@n!E2(15(-!W@!W@n!C(2=5(-!X@n![511'1=-!J@n!L**2-!W@n![5'158011-!b@n!Q0*3651-!&@!U@!H35!O2G)0;4'5>'(7)cW?512>'(7)!Q5;5<*2(!Q5>50+)!O28<+5G![282<3'+';!01?![5*5(2<3'+';!.1*5(0;*'21)!21!a57(0+!O5++)@!Q:#H,+&'/V!:!=T#T-!7O!P`R-!#`f_v#f"h@!3**<)opp?2'@2(=p"h@"\#$pSaBbQLXO.@\_#\chf@#h"h@!P^fR!! J'(N0-!J@n![(5'1))21-!S@n!X*(01?-!J@cI@n![2>0**0-!L@n!X�?5(-!L@n!D3'+'<)21-!I@n!

! "#`!

D5**5())21-!Q@!&@n!X2++5(9(01*-!C@!O2G)0;4'5>'(7)!01?!W?512>'(7)!Q5;5<*2(!POWQR!.)!BG<(5))5?!'1!J0+5!U5(8!O5++)!01?!&2(8)!0!O28<+5G!/'*3!*35!E'::5(51*'0*'21!&0;*2(!SWJcO!'1!J27)5!H5)*')@!P1U:#0,>>#L,/:!=TT!-!7-4!P^R-!`"_v`$h@!3**<)opp?2'@2(=p"h@"h"^p6@,5G;(@#hh\@""@h$h@!P_hR!! Y'*35(?51-!E@!W@n!V5(?'12-!D@n!Q'5?5(-!X@!B@n!U0('62-!L@n!J'++)-!Q@!B@n!H5,*21-!I@n!&');35(-!Y@![@n!Y'+)21-!.@!W@n![0>(01-!Y@!I@!H35!S71;*'210+!W?35)'21!J2+5;7+5!SWJI!.)!0!O2)*'87+0*2(,!Q5;5<*2(!:2(!B<'*35+'0+!��!H!O5++!W;*'>0*'21@!IV!,"V,!=T#T-!74?!P\ff^R-!"#h\v"#"h@!3**<)opp?2'@2(=p"h@""#^p);'51;5@""f#^f`@!P_"R!! [27('-!a@n![701=-!C@cO@n!a0+901*2=+7-!S@!H35!O2G)0;4'5>'(7)!01?!W?512>'(7)!Q5;5<*2(!POWQR!b1?5(=25)!B;*2?280'1!X35??'1=!01?!Q5=7+0*5?!.1*(08589(015!D(2*52+,)')!PQ.DR@!WK'I#]HP!=T#D-!=!P`R-!5_$#f^@!3**<)opp?2'@2(=p"h@"$_"p627(10+@<215@hh_$#f^@!P_#R!! Z327-!I@n!A0(�2-!X@n!I0=0-!J@n!A2;4)*05+-!C@n!A2(=5()-!J@n!U'6)51-![@n!W1105(*-!Y@n!J25;30()-!E@n!J5(;451-!J@n!U5>05(-!C@n!E5!X*(22<5(-!A@!H35!a57(0+!O5++!W?35)'21!J2+5;7+5)!I"!01?!O[I"!W(5!O+50>5?!9,!AWOB"!D(2*50)5!'1!V'>2@!Q:#F!'>:#0X,B:!=T#=-!4=M!P$"R-!#\f#_v#\f%h@!3**<)opp?2'@2(=p"h@"h_%p69;@J""#@$__%^\@!P_$R!! O2,15-!O@!A@n!V25+45(-!H@n!D';3+0-!X@!I@n!A5(=5+)21-!S@!J@!H35!O2G)0;4'5>'(7)!01?!W?512>'(7)!Q5;5<*2(!.1*5(0;*)!/'*3!*35!J7+*'cDEZ!E280'1!D(2*5'1c"!PJbDDc"R!/'*3'1!*35!H'=3*!S71;*'21@!Q:#F!'>:#0X,B:!=TTO-!4M?!P%^R-!%`h_fv%`h`%@!3**<)opp?2'@2(=p"h@"h_%p69;@J%hfh^"#hh@!P_%R!! X2++5(9(01*-!C@n!Q0);3<5(=5(-!B@n!J'(N0-!J@n!B1=)*(�8-!b@n!D3'+'<)21-!I@n!I671=?03+-!D@!L@n!D5**5())21-!Q@!&@!H35!O2G)0;4'5>'(7)!01?!W?512>'(7)!Q5;5<*2(!POWQR!&2(8)!0!O28<+5G!/'*3!*35!DEZ!E280'1cO21*0'1'1=!D(2*5'1!I'=01?c2:ca789!D(2*5'1ce!PIaeR@!Q:#F!'>:#0X,B:!=TTD-!4M=!PfR-!_%$fv_%%%@!3**<)opp?2'@2(=p"h@"h_%p69;@J#h\f#_#hh@!P_\R!! O2351-!O@!S@n!X3'53-!S@!H@!O@n!D';4+5)-!Q@!S@n!L45=0/0-!H@n![)'53-!S@cH@n!A5(=5+)21-!S@!J@!H35!O2G)0;4'5>'(7)!01?!W?512>'(7)!Q5;5<*2(!.)!0!H(01)8589(015!O28<2151*!2:!*35!H'=3*!S71;*'21@!W&'V:#H2%>:#CV23:#IV!:!=TT#-!?=!P#^R-!"\"f"v"\"f^@!3**<)opp?2'@2(=p"h@"h_$p<10)@#^"%\#`f`@!P_^R!! O0(>060+cU21N0+5N-!S@!J@n!U(0>2**0-!E@n!J0**5(0-!Q@n!E'0N-!&@n!D5(5N!A0,-!W@n!Q2801-!W@!O@n!X;3(5'15(-!Q@!D@n!H3751075(-!Q@n!A21':0;'12-!S@!X@n!Q2?('=75NcA27+01-!B@!A0)2+0*5(0+!X2(*'1=!2:!*35!O2G)0;4'5!01?!W?512>'(7)!Q5;5<*2(!*3(27=3!.1*5(0;*'21!2:!0!O0121';0+!]ee!J2*':!/'*3!*35!O+0*3('1!W?0<*2()!WDc"W!01?!WDc"A@!W&'V:#H2%>:#CV23:#IV!:!=T#=-!-O?!P"hR-!$`#hv$`#\@!3**<)opp?2'@2(=p"h@"h_$p<10)@"""_f%f"hf@!P__R!! C2+0/2+5-!W@!L@n!X30(80-!D@n!]01-!Q@n!I5/')-!C@!S@!B@n!e7-!Z@n![2)*5*+5(-![@!W@n!W)3927(15!BG;2::21-!C@!S@!E@!H35!DEZ"!01?!DEZ$!E280'1)!2:!JWU.c"!Q5=7+0*5!*35!B'=3*cBG21!.)2:2(8!2:!*35!O2G)0;4'5>'(7)!01?!W?512>'(7)!Q5;5<*2(@!Q:#Z!&'>:!=T#=-!=<!P"_R-!f#%%vf#\%@!3**<)opp?2'@2(=p"h@""#`pSV.@h""$`c"#@!P_`R!! ]01-!Q@n!X30(80-!D@n!C2+0/2+5-!W@!L@n!J0(*'1-!X@!O@!H@n!Q50?+5(-!S@!J@n!C2*30-!D@!I@!a@n![2)*5*+5(-![@!W@n!BG;2::21-!C@!S@!E@!W@!H35!DEZ$!E280'1!2:!*35!O5++7+0(!X;0::2+?'1=!D(2*5'1!JWU.c"!.1*5(0;*)!/'*3!*35!O2G)0;4'5>'(7)!01?!W?512>'(7)!Q5;5<*2(!POWQR@!6"%:#Q:#F!'VX,B:#0,>>#F!'>:!=T#P-!<--!#fv$%@!3**<)opp?2'@2(=p"h@"h"^p6@9'2;5+@#h"\@h"@h"#@!P_fR!! O0(7)2-!I@n!]751-!X@n!X8'*3-!S@n![7)0'1-!J@n!L<0>)4,-!J@!W@!O0(?'28,2;,*5cH0(=5*5?!L>5(5G<(5))'21!2:!*35!O2G)0;4'5vW?512>'(7)!Q5;5<*2(!O07)5)!0!O0(?'28,2<0*3,!'1!W))2;'0*'21!/'*3!rcO0*51'1!X'=10+'1=@!Q:#E'>:#0,>>:#02&3!'>:!=T#T-!9=!P^R-!""f%v"#h\@!3**<)opp?2'@2(=p"h@"h"^p6@,68;;@#h"h@h"@h##@!P`hR!! C0)3'87(0-!H@n!C2?080-!J@n![2**0-!]@n![2)2,0-!S@n!]2)3'?0-!C@n!LN0/0-!H@n!Y0*01095-!Q@n!L47(0-!]@n!C0*2-!C@n![010/0-![@n!C7/012-!Q@n!W'N0/0-!]@!X<0*'2*58<2(0+!O301=5)!2:!O2G)0;4'5>'(7)!01?!W?512>'(7)!Q5;5<*2(!'1!Q0*![50(*)!?7('1=!D2)*10*0+!E5>5+2<851*!01?!'1!O7+*7(5?!O0(?'28,2;,*5)!2:!a5210*0+!Q0*@!Z!&VX'_/#C&VX:#6"%:#Q:#W2%X'>:!=TTO-!999!P$R-!#`$v#f#@!3**<)opp?2'@2(=p"h@"hh_p)hh%#`chh$chf#\cf@!P`"R!! J2(*21-!D@!B@n![';4)-!W@n!a0)*2)-!H@n!X01*')-!U@n!D0()21)-!J@!OWQ!Q5=7+0*5)!B<'*35+'0+!

! "#f!

O5++!S71;*'21!X*09'+'*,!*3(27=3!O21*(2+!2:!BcO0?35('1!H(0::';4'1=@!IV!:#L,U:!=T#D-!7!P"R-!#``f@!3**<)opp?2'@2(=p"h@"h$`p)(5<h#``f@!P`#R!! >01F*![2:-!Y@n!O(,)*0+-!Q@!U@!&0**,!W;'?!J2?':';0*'21!2:!*35!O2G)0;4'5>'(7)!01?!W?512>'(7)!Q5;5<*2(@!Q:#Z!&'>:!=TT=-!M<!P"#R-!^$`#v^$`^@!3**<)opp?2'@2(=p"h@""#`pSV.@_^@"#@^$`#c^$`^@#hh#@!P`$R!! D';4+5)-!Q@!S@n!J;O0(*,-!E@n!J0*)7'-![@n![0(*-!D@!S@n!Q01?5++-!X@![@n!A27;35(-!Q@!O@!I'8'*5?!B1*(,!2:!W?512>'(7)!V5;*2()!'1*2!Y5++cE'::5(51*'0*5?!W'(/0,!B<'*35+'78!.)!Q5)<21)'9+5!:2(!.15::';'51*!U515!H(01):5(@!Q:#Z!&'>:!#SSU-!M4!P_R-!^h"%v^h#$@!3**<)opp?2'@2(=p"h@""#`pSV.@_#@_@^h"%c^h#$@"ff`@!P`%R!! H2842-!Q@!D@n!S2301))21-!O@!A@n!H2*(2>-!J@n!W90=,01-!Q@n!&(')M1-!S@n!D3'+'<)21-!I@!BG<(5))'21!2:!*35!W?512>'(7)!Q5;5<*2(!01?!.*)!.1*5(0;*'21!/'*3!*35!&'95(!C129@!P1U:#0,>>#L,/:!=TTT-!4;;!P"R-!%_v\\@!3**<)opp?2'@2(=p"h@"hh^p5G;(@"fff@%_^"@!P`\R!! H2842-!Q@!D@n!S2301))21-!O@!A@n!H2*(2>-!J@n!W90=,01-!Q@n!&(')M1-!S@n!D3'+'<)21-!I@!BG<(5))'21!2:!*35!W?512>'(7)!Q5;5<*2(!01?!.*)!.1*5(0;*'21!/'*3!*35!&'95(!C129@!P1U:#0,>>#L,/:!=TTT-!4;;!P"R-!%_v\\@!3**<)opp?2'@2(=p"h@"hh^p5G;(@"fff@%_^"@!P`^R!! Q0);3<5(=5(-!B@n!H3,95(=-!S@n!D5**5())21-!X@n!D3'+'<)21-!I@n!&7G5-!S@n!D5**5())21-!Q@!&@!H35!O2G)0;4'5c!01?!W?512>'(7)!Q5;5<*2(!POWQR!.)!01!'1!V'>2!J0(45(!:2(!B<'*35+'0+!H'=3*!S71;*'21)-!/'*3!0!D2*51*'0+!Q2+5!'1!Q5=7+0*'1=!D5(8509'+'*,!01?!H'))75![2852)*0)')@!P1U:#0,>>#L,/:!=TT!-!7-4!PfR-!"\^^v"\`h@!3**<)opp?2'@2(=p"h@"h"^p6@,5G;(@#hh^@h"@h#\@!P`_R!! Y0+*5()-!Q@!Y@n!>01F*![2:-!Y@n!]'-!X@!J@!D@n!X;3(2*3-!J@!C@n!Z0915(-!S@n!O(,)*0+-!Q@!U@n!Y5+)3-!J@!S@!W<';0+!I2;0+'N0*'21!2:!*35!O2G)0;4'5cW?512>'(7)!Q5;5<*2(!9,!U+,;2),+cD32)<30*'?,+'12)'*2+!J2?':';0*'21!.)!X7::';'51*!:2(!W?512>'(7)cJ5?'0*5?!U515!H(01):5(!*3(27=3!*35!W<';0+!X7(:0;5!2:![7801!W'(/0,!B<'*35+'0@!Q:#Z!&'>:!=TT#-!M;!P"^R-!__h$v__""@!3**<)opp?2'@2(=p"h@""#`pSV.@_\@"^@__h$c__""@#hh"@!P``R!! Q0751-!C@!W@n!X7?'+2>)4,-!E@n!I5-!S@!I@n!O35/-!C@!I@n![011-!A@n!Y5'195(=-!V@n!X;38'**-!I@!E@n!J;O2(8';4-!&@!BG<(5))'21!2:!*35!O2G)0;4'5!W?512>'(7)!Q5;5<*2(!'1!a2(80+!D(2)*0*5!01?!'1!D('80(,!01?!J5*0)*0*';!D(2)*0*5!O0(;'1280o!D2*51*'0+!Q5+5>01;5!*2!U515!H35(0<,@!`@!P`fR!! A02-!]@n!D51=-!Y@n!V5(9'*)4,-!W@n!O351-!S@n!Y7-!I@n!Q0751-!C@!W@n!X0/';4'-!S@!W@![7801!O2G)0;4'5!W?512>'(7)!Q5;5<*2(!POWQR!BG<(5))'21!'1!H(01)=51';!J27)5!D(2)*0*5!H782()!B1301;5)!W?512>'(0+!E5+'>5(,!2:!U515)@!JX,#W&'/%2%,!=TTP-!<9!P%R-!%h"v%h_@!3**<)opp?2'@2(=p"h@"hh#p<(2)@#h#^\@!PfhR!! ?5!W=7)*�1cE7(�1-!E@n!J0*52)cY3'*5-!.@n!&09(0cA5)5(-!S@n!U'+cX01N-!O@!X*';4!0(271?o!O5++vO5++!W?35)'21!J2+5;7+5)!?7('1=!a52;2(*';0+!E5>5+2<851*@!0,>>/!=T=#-!-O!P"R-!""`@!3**<)opp?2'@2(=p"h@$$fhp;5++)"hh"h""`@!Pf"R!! A7;4-!C@!A@n!Z351=-!S@!s@!U(2/*3!O215!H7(1'1=!.1?7;5?!9,!E'(5;*!I2;0+!J2?':';0*'21!2:!J';(2*797+5!E,108';)@!Q:#H,+&'/V!:!=TT=-!44!P#"R-!f$\`vf$^_@!3**<)opp?2'@2(=p"h@"\#$pSaBbQLXO.@##c#"chf$\`@#hh#@!Pf#R!! [2**0-!]@n![21?0-!H@n!a0'*2-!J@n!C7/012-!Q@!E5>5+2<851*0+!E')*('97*'21!2:!O2G)0;4'5!V'(7)!01?!W?512>'(7)!Q5;5<*2(!I2;0+'N5?!'1!*35!a5(>27)!X,)*58@!R,$:#F&2!"#L,/:!=TTD-!-97!P"R-!"v"$@!3**<)opp?2'@2(=p"h@"h"^pXh"^\c$`h^Ph$Rhhh$\ce@!Pf$R!! [21?0-!H@n!X0'*23-![@n!J0)742-!J@n!C0*0='('cW95-!H@n!H28'10=0-!C@n!C2N040'-!.@n!C290,0)3'-!C@n!C7801')3'-!H@n!Y0*01095-!]@!U@n!L?01'-!X@n!C7/012-!Q@!H35!O2G)0;4'5>'(7)cW?512>'(7)!Q5;5<*2(!D(2*5'1!0)!0!O5++!W?35)'21!J2+5;7+5!'1!*35!E5>5+2<'1=!J27)5!A(0'1@!E'>:#F&2!"#L,/:!=TTT-!MM!P"R-!"fv#`@!3**<)opp?2'@2(=p"h@"h"^pXh"^fc$#`ePhhRhhh$^ce@!Pf%R!! X27?0')-!O@n!I0<+0;5�A7'+35-!O@n!C'))0-!C@n!C(585(-!B@!S@!D(5:5(51*'0+!H(01)?7;*'21!2:!a57(21)!9,!O01'15!W?512>'(7)!V5;*2()!01?!H35'(!B::';'51*!Q5*(2=(0?5!H(01)<2(*!!"#Z!$'@!)CIPF#Q:!=TT#-!-;!P"#R-!"v#$@!3**<)opp?2'@2(=p"h@"hf^p:6@h"ch$#":65@!Pf\R!! &7G5-!S@n!I'7-!I@n!J0+'1-!X@n!D3'+'<)21-!I@n!O2++'1)-!V@!D@n!D5**5())21-!Q@!&@!BG<(5))'21!2:!*35!O2G)0;4'5!01?!W?512>'(7)!Q5;5<*2(!'1![7801!W)*(2;,*';!H782()!01?!e512=(0:*)@!6"%:#

! "$h!

Q:#02"V,&!=TTD-!-O7!P^R-!_#$v_#f@!3**<)opp?2'@2(=p"h@"hh#p'6;@"h`f"@!Pf^R!! D5())21-!W@n!&01-!e@n!Y'?5=(51-!A@n!B1=+71?-!B@!O5++!H,<5c!01?!Q5='21c!E5<51?51*!O2G)0;4'5!W?512>'(7)!Q5;5<*2(!BG<(5))'21!'1!*35!O51*(0+!a5(>27)!X,)*58@!Q:#H,+&''"V'>:!=TT!-!M=!P"R-!"v^@!3**<)opp?2'@2(=p"h@"hh_p)""h^hchh\cfh\\c$@!Pf_R!! S71,51*-!&@n!C(585(-!B@!S@!OWVc#�Y3,!0!O01'15!V'(7)!.)!0!a57(29'2+2=')*F)!A5)*!&('51?@!0+&&:#]U!":#WX2&B2V'>:!=T#P-!49-!`^vf$@!3**<)opp?2'@2(=p"h@"h"^p6@;2<3@#h"\@h`@hh%@!Pf`R!! Y(0;485,5(-!b@n!C0+?(0;4-!S@n!S�**15(-!Q@n!D0110);3-!b@n!U'895(-!a@n!&(5'95(=-!&@n!D7(:�()*-!A@n!C0'1875++5(-!E@n!X;38'*N-!E@n![07;45-!V@n!Q0*3651-!&@!U@n!U2**30(?*-!J@!H35!O5++!W?35)'21!D(2*5'1!OWQ!.)!0!a5=0*'>5!Q5=7+0*2(!2:!X,10<*';!H(01)8'))'21@!IV!:#L,U:!=T#S-!?!P"R-!^_^`@!3**<)opp?2'@2(=p"h@"h$`p)%"\f`ch"fc%$"\hc\@!PffR!! X0+'10)-!X@n!S71,51*-!&@n!O2(M-!a@n!O(585(-![@n!C(585(-!B@!S@!Y30*!.)!OWQ!E2'1=!'1!*35!J'??+5!2:!*35!W?7+*!a57(2=51';!Q20?�!H,+&'*,",/!/!=T#4-!9!P"R-!5"$h%_fh@!3**<)opp?2'@2(=p"h@"h`hp#$#^#"$$@#h"_@"$h%_fh@!P"hhR!! I'8-!A@cC@n!e'21=-!E@n!E2(15(-!W@n!]271-!H@cS@n!]71=-!W@n!I'7-!H@!.@n!U7-!]@n!E0+*21-!a@!E@n!Y('=3*-!W@!H@n!B>01)-!X@!J@n!O351-!S@n!D5*5()21-!C@!I@n!J;O7++2;3-!W@!E@n!]06'80-!H@n!C12/+*21-!C@!b@!O2G)0;4'5>'(7)!01?!W?512>'(7)!Q5;5<*2(!POWQR!J5?'0*5)!W*('2>51*(';7+0(ca2?5!&71;*'21!01?!O2115G'1!%\!I2;0+'N0*'21!'1!*35!J7('15![50(*@!Q:#0>!":#6"$,/%:!=TTU-!--=!P`R-!#_\`v#__h@!3**<)opp?2'@2(=p"h@""_#pSO.$%___@!P"h"R!! E03+)*(01?-!S@n!I0(?5++'-!J@n!I51?03+-!b@!a5)*'1!JQaW!BG<(5))'21!O2((5+0*5)!/'*3!*35!O51*(0+!a5(>27)!X,)*58!D(2=51'*2(!O5++!X*0*5!'1!J01,-!97*!a2*!W++-!Q5='21)!2:!E5>5+2<'1=!O51*(0+!a5(>27)!X,)*58@!R,$:#F&2!"#L,/:!#SSP-!=9!P"R-!"hfv"#f@!3**<)opp?2'@2(=p"h@"h"^ph"^\c$`h^Pf%Rhh"^#cX@!P"h#R!! O28<0=17;;'-!O@n!a'NN0(?2-!J@n!O2(*'-!X@n!Z011'-!U@n!A5(*'1'-!B@!.1!V'*(2!a57(2=515)')o!E5>5+2<851*!01?!&71;*'210+!.8<+';0*'21)!2:!.DXO!H5;312+2=,@!0,>>:#E'>:#K!@,#IV!:!=T#O-!M-!PfR-!"^#$v"^$f@!3**<)opp?2'@2(=p"h@"hh_p)hhh"`ch"$c"\""c"@!P"h$R!! V5+0);2-!.@n!X0+0N0(-!D@n!U'2(=5**'-!W@n!Q082)cJ56�0-!V@n!O0)*0�2-!S@n!Q285(2cJ2,0-!E@n!J5151?5N-!D@!O21;')5!Q5>'5/o!U515(0*'21!2:!a57(21)!&(28!X280*';!O5++)!2:![50+*3,!.1?'>'?70+)!01?!a57(2+2=';0+!D0*'51*)!H3(27=3!.1?7;5?!D+7('<2*51;,!2(!E'(5;*!O21>5()'21o!a57(21)!U515(0*'21!&(28!.DXO)!2(!E'(5;*!O21>5()'21@!IJPE#0PKKI!=T#O-!74!P""R-!#`""v#`"_@!3**<)opp?2'@2(=p"h@"hh#p)*58@"_`#@!P"h%R!! X0/,5(-!S@!J@n![0((5++-!S@!Q@n!X3585(-!U@n!X7++'>01cA(2/1-!S@n!Q23cS231)21-!J@n!U2+?)*5'1-!A@!W<';0+!O21)*(';*'21o!W!O5++!X30<5!O301=5!H30*!O01!E('>5!J2(<32=515)')@!R,$:#F!'>:!=T#T-!79-!P"R-!\v"f@!3**<)opp?2'@2(=p"h@"h"^p6@,?9'2@#hhf@hf@hhf@!P"h\R!!J0(*'1-!W@!O@n!U2+?)*5'1-!A@!W<';0+!O21)*(';*'21o!H3585)!01?!V0('0*'21)!21!0!O5++7+0(!J5;301')8!E('>'1=!J2(<32=515)')@!R,$,>'UB,"%!=T#O-!-9-!P"hR-!"f`_v"ff`@!3**<)opp?2'@2(=p"h@"#%#p?5>@"h###`@!P"h^R!! [040151-!S@n!Q7'NcQ5'=-!a@n!H'))'(-!&@!I'14'1=!O5++!D2+0('*,!*2!O2(*';0+!E5>5+2<851*!01?!J0+:2(80*'21)@!)&'"%:#0,>>:#H,+&'/V!:!=T#S-!-7-!#%%@!3**<)opp?2'@2(=p"h@$$`fp:1;5+@#h"f@hh#%%@!P"h_R!! [0'=2-!X@!I@n!['+?59(01?-!S@!E@n![0(+01?-!Q@!J@n!Y0++'1=:2(?-!S@!A@!X3(228!.1?7;5)!W<';0+!O21)*(';*'21!01?!.)!Q5K7'(5?!:2(!['1=5<2'1*!&2(80*'21!?7('1=!a57(0+!H795!O+2)7(5@!0+&&:#F!'>:!=TTD-!-7!P#%R-!#"#\v#"$_@!3**<)opp?2'@2(=p"h@"h"^p6@;79@#hh$@""@h\%@!P"h`R!! W:21)2-!O@n![51('K75-!E@!DWQ$!W;*)!0)!0!J2+5;7+0(!L(=01'N5(!*2!E5:'15!*35!W<';0+!E280'1!2:!O3';4!a57(25<'*35+'0+!O5++)@!Q:#0,>>#IV!:!=TT!-!--?!P#hR-!%#f$v%$h%@!3**<)opp?2'@2(=p"h@"#%#p6;)@h$"_h@!P"hfR!! a')3'87(0-!H@n![21?0-![@n!H045';3'-!J@!D+010(!O5++!D2+0('*,!I'14)!WG5)!2:!X<0*'0+!E,108';)!'1!a57(0+cH795!O+2)7(5@!0,>>!=T#=-!-9?!P\R-!"h`%v"hf_@!3**<)opp?2'@2(=p"h@"h"^p6@;5++@#h"#@h%@h#"@!P""hR!! B28-!E@!X@n!W80(10*3-!X@n!W=0(/0+0-!X@!W<';290)0+!D2+0('*,!01?!a57(0+!H795!O+2)7(5@!R,$:#D&'_%X#R!@@,&:!=T#D-!;;!P"R-!"^%v"_#@!3**<)opp?2'@2(=p"h@""""p?=?@"#h$h@!

! "$"!

P"""R!! [0(?'1=-!J@!S@n!J;U(0/-![@!&@n!a5;3'<2(74-!W@!H35!Q2+5)!01?!Q5=7+0*'21!2:!J7+*';5++7+0(!Q2)5**5!X*(7;*7(5)!?7('1=!J2(<32=515)')@!R,$,>'UB,"%!=T#O-!-9-!P"$R-!#\%fv#\\`@!3**<)opp?2'@2(=p"h@"#%#p?5>@"h"%%%@!P""#R!! H328)21-!S@!W@!B89(,21';!X*58!O5++!I'15)!E5('>5?!:(28![7801!A+0)*2;,)*)@!IV!,"V,!#SSU-!4=4!P\$f"R-!""%\v""%_@!3**<)opp?2'@2(=p"h@""#^p);'51;5@#`#@\$f"@""%\@!P""$R!! H04030)3'-!C@n!H01095-!C@n!L3174'-!J@n!a0('*0-!J@n!.;3')040-!H@n!H282?0-!C@n!]0801040-!X@!.1?7;*'21!2:!D+7('<2*51*!X*58!O5++)!:(28!W?7+*![7801!&'9(29+0)*)!9,!E5:'15?!&0;*2()@!0,>>!=TT4-!-7-!P\R-!`^"v`_#@!3**<)opp?2'@2(=p"h@"h"^p6@;5++@#hh_@""@h"f@!P""%R!! B+4095*N-!]@n!D010='2*042)-!U@n!W+!X308,-!U@n!X2;;'-!a@!E@n!H090(-!V@n!X*7?5(-!I@![7801!BX!O5++cE5('>5?!a57(0+!Q2)5**5)!Q5>50+!0!&71;*'210++,!E')*'1;*!B0(+,!a57(0+!X*58!O5++!X*0=5@!D,",/#R,$:!=TTU-!44!P#R-!"\#v"^\@!3**<)opp?2'@2(=p"h@""h"p=0?@"^"^#h`@!P""\R!! [('942>0-![@n!U(09'5;-!J@n!C+582>�-!E@n!X+01'12>�-!.@n!X71-!]@cJ@!O0+;'78!X'=10+'1=!J5?'0*5)!&'>5!H,<5)!2:!O5++!J2(<32+2=';0+!O301=5)!*2!&2(8!a57(0+!Q2)5**5)@!Q:#0,>>#IV!:!=T#U-!-7-!P$R-!6;)#h^`f^@!3**<)opp?2'@2(=p"h@"#%#p6;)@#h^`f^@!P""^R!! D5(('5(-!W@!I@n!H090(-!V@n!A0(95('-!H@n!Q79'2-!J@!B@n!A(7)5)-!S@n!H2<:-!a@n![0((')21-!a@!I@n!X*7?5(-!I@!E5('>0*'21!2:!J'?9(0'1!E2<08'15!a57(21)!:(28![7801!B89(,21';!X*58!O5++)@!W&'V:#H2%>:#CV23:#IV!:!=TTO-!-O-!P$%R-!"#\%$v"#\%`@!3**<)opp?2'@2(=p"h@"h_$p<10)@h%h%_hh"h"@!P""_R!! I'-!e@cS@n!E7-!Z@cY@n!Z0(12/)40-!B@!E@n!D014(0*N-!J@n![01)51-!I@!L@n!D50(;5-!Q@!W@n!Z301=-!X@cO@!X<5;':';0*'21!2:!J2*2157(21)!:(28![7801!B89(,21';!X*58!O5++)@!H2%:#F!'%,VX"'>:!=TTP-!47!P#R-!#"\v##"@!3**<)opp?2'@2(=p"h@"h$`p19*"h^$@!P""`R!! Z301=-!X@cO@n!Y5(1'=-!J@n!E71;01-!.@!E@n!A(�)*+5-!L@n!H328)21-!S@!W@!.1!V'*(2!E'::5(51*'0*'21!2:!H(01)<+01*09+5!a57(0+!D(5;7()2()!:(28![7801!B89(,21';!X*58!O5++)@!H2%:#F!'%,VX"'>:!=TT#-!-?!P"#R-!""#fv""$$@!3**<)opp?2'@2(=p"h@"h$`p19*"#h"c""#f@!P""fR!! U(09'5;-!J@n![ �942>�-![@n!V0 5;30-!J@n!X* �*5;4�-!E@n![08<+-!W@n!E>2 �4-!D@n!X71-!]@cJ@!X*0=5cX<5;':';!Q2+5)!2:!&U&#!X'=10+'1=!'1![7801!a57(0+!E5>5+2<851*@!I%,B#0,>>#L,/:!=T#!-!-M!P#R-!$$hv$%"@!3**<)opp?2'@2(=p"h@"h"^p6@);(@#h"^@h`@h"#@!P"#hR!! H282240-!]@n!C'*01'-![@n!S'1=-!a@n!J0*)7)3'80-!J@n!X04047(0-!H@!Q5;21)*(7;*'21!2:!a57(0+!H795c+'45!X*(7;*7(5)!'1!V'*(2!:(28!D('80(,!a57(0+!D(5;7()2(!O5++)@!W&'V:#H2%>:#CV23:#IV!:!#SSD-!?O!P#hR-!f^`$vf^`_@!3**<)opp?2'@2(=p"h@"h_$p<10)@fh@#h@f^`$@!P"#"R!!J5(*51)-!S@n!J0(;35**2-!J@!O@n!A0(?,-!O@n!U0=5-!&@![@!B>0+70*'1=!O5++!Q5<(2=(088'1=-!E'::5(51*'0*'21!01?!O21>5()'21!H5;312+2='5)!'1!a57(2);'51;5@!H2%:#L,$:#H,+&'/V!:!=T#!-!-M!P_R-!%#%v%$_@!3**<)opp?2'@2(=p"h@"h$`p1(1@#h"^@%^@!P"##R!! &+010=01-!S@!U@!a57(0+!J0<!X<5;':';0*'21!9,!U(0?'51*)@!0+&&:#]U!":#H,+&'A!'>:!=TT!-!-<!P"R-!\fv^^@!3**<)opp?2'@2(=p"h@"h"^p6@;219@#hh^@h"@h"h@!P"#$R!! W9(01;35)-!B@n!X'+>0-!J@n!D(0?'5(-!I@n!X;37+N-![@n![7885+-!L@n![51('K75-!E@n!A54801-!B@!a57(0+!E'::5(51*'0*'21!2:!B89(,21';!X*58!O5++)!.1!V'*(2o!W!Q20?!J0<!*2!a57(2=515)')!'1!*35!B89(,2@!WK'I#]HP!=TTS-!9!P_R-!5^#`^@!3**<)opp?2'@2(=p"h@"$_"p627(10+@<215@hhh^#`^@!P"#%R!! A2(2>'04-!H@n!Q0)390))-!D@!H35!W<';0+!D2+0('*,!E5*5(8'101*!O(789)!#!.)!0!a2>5+!Q5=7+0*2(!2:!BXO�E5('>5?!a57(0+!D(2=51'*2()@!IJPE#0PKKI!=T##-!4?!P#R-!"f$v#h\@!3**<)opp?2'@2(=p"h@"hh#p)*58@\^_@!P"#\R!! A01?0-!B@n!J;C'1)5,-!W@n!U5(80'1-!a@n!O0(*5(-!S@n!W1?5()21-!a@!O@n!U(095+-!I@!O5++!D2+0('*,!01?!a57(2=515)')!'1!B89(,21';!X*58!O5++cE5('>5?!a57(0+!Q2)5**5)@!I%,B#0,>>/#R,$:!=T#P-!49!P`R-!"h##v"h$$@!3**<)opp?2'@2(=p"h@"h`fp);?@#h"%@h%"\@!P"#^R!! O2++521'-!X@n!U0++'-!O@n!U0)<0(-!S@!W@n!J5=010*301-!C@n!S0=*0<-!X@n![5);35+5(-!S@n!X0;3'1'?')-!W@n!I0NN0('-!U@!E5>5+2<851*!2:!0!a57(0+!H5(0*2=51';'*,!H5)*!A0)5?!21![7801!B89(,21';!X*58!O5++)o!Q5)<21)5!*2!Q5*'12';!W;'?!BG<2)7(5@!J'1!V'>:#IV!:!=T##-!-49!P#R-!$_hv$__@!3**<)opp?2'@2(=p"h@"hf$p*2G);'p4:(#%\@!P"#_R!! X075(-!&@!O@!J'*2)')!'1!*35!a57(0+!H795@!Q:#0'BU:#H,+&'>:!#SDP-!<4!P#R-!$__v%h\@!3**<)opp?2'@2(=p"h@"hh#p;15@fhh^#h#h_@!

! "$#!

P"#`R!! C1'=3*-!U@!H@n!I71?'1-!A@!&@n!.,5(-!a@n!W)3*21-!I@!J@n!X5*30(5)-!Y@!W@n!Y'++5**-!Q@!J@n!W)3*21-!Q@!X@!B1='155('1=!.1?7;*'21!2:!X'1=7+0(!a57(0+!Q2)5**5!B85(=51;5!/'*3'1![DXOcE5('>5?!H'))75)@!,K!@,!=T#U-!M-!5$_\%f@!3**<)opp?2'@2(=p"h@_\\%p5I':5@$_\%f@!P"#fR!! &5?2(2>0-!V@n!V012>0-!H@n!B+(5:05-!I@n!D2)<')'+-!S@n!D5*(0)2>0-!J@n!C2+062>0-!V@n![7?0;2>0-!Z@n!A01'0('2>0-!S@n!A0(04-!J@n!D5)42>0-!I@n!A0(*0-!H@n!C07;40-!J@n!C'++'1=5(-!J@n!V5;5(0-!S@n!A5(10*'4-!L@n!O060154-!I@n![('942>0-![@n!A230;'042>0-!E@!E'::5(51*'0*'21!2:!a57(0+!Q2)5**5)!:(28![7801!D+7('<2*51*!X*58!O5++)!'1!V'*(2!.)!X5K751*'0++,!Q5=7+0*5?!21!0!J2+5;7+0(!I5>5+!01?!W;;28<+')35?!9,!*35!J5;301')8!Q58'1');51*!2:!X5;21?0(,!a57(7+0*'21@!I%,B#0,>>#L,/:!=T#S-!9O-!"h"\^$@!3**<)opp?2'@2(=p"h@"h"^p6@);(@#h"f@"h"\^$@!P"$hR!! E'0NcO2(�1=75N-!J@n!I'1-!O@cJ@n!I'5915(-!X@n!W1*215**'-!E@!W@!a2(('1!Q5)*2(5)!A+22?cQ5*'10+!A0(('5(!D(2<5(*'5)!0:*5(!V0);7+0(!B1?2*35+'0+!U(2/*3!&0;*2(v.1?7;5?!D5(8509'+'*,@!Q:#F!'>:#0X,B:!=T=T-!4?;!P"%R-!%^%_v%^^h@!3**<)opp?2'@2(=p"h@"h_%p69;@QW""f@h""#_$@!P"$"R!! C0*)712-!H@n!b85?0-!C@n!J0*)7'-!H@n![0*0-!J@n!H087(0-!W@n!.*23-!J@n!H0457;3'-!C@n!&76'82('-!H@n!a095)3'80-!]@n!a2?0-!H@n!H)74'*0-!X@n!H)74'*0-!X@!E5:';'51;,!2:!Z217+0!L;;+7?51)c"!O07)5)!B89(,21';!I5*30+!D3512*,<5!W))2;'0*5?!/'*3!E5:5;*5?!]2+4!X0;!W1='2=515)')!01?!W<2<*2)')!2:!B89(,21';!O5++)@!E'>:#F!'>:#0,>>!=TTU-!-?!P^R-!#%^\v#%_\@!3**<)opp?2'@2(=p"h@"hf"p89;@5h_c"#c"#"\@!P"$#R!! Q2?('=75NcA27+01-!B@n!J0;0(0-!.@!U@!L(=01'N0*'21!01?!BG5;7*'21!2:!*35!B<'*35+'0+!D2+0('*,!D(2=(0885@!H2%:#L,$:#E'>:#0,>>#F!'>:!=T#O-!-;!P%R-!##\v#%#@!3**<)opp?2'@2(=p"h@"h$`p1(8$__\@!P"$$R!! Q2801c&5(101?5N-!W@n!A(,01*-!E@!J@!O28<+5G!D2+0('*,o!A7'+?'1=!J7+*';5++7+0(!H'))75)!H3(27=3!W<';0+!J589(015!H(0::';o!D2+0('*,!O28<+5G5)!01?!W<';0+!J589(015!H(01)<2(*!'1!B<'*35+'0@!J&2@@!V!=T#!-!-M!P"#R-!"#%%v"#^"@!3**<)opp?2'@2(=p"h@""""p*(0@"#%"_@!P"$%R!! O08<010+5-!S@!D@n!X71-!H@!]@n!J21*5++-!E@!S@!E5>5+2<851*!01?!E,108';)!2:!O5++!D2+0('*,!0*!0!U+01;5@!Q:#0,>>#IV!:!=T#4-!-7O!P_R-!"#h"v"#h_@!3**<)opp?2'@2(=p"h@"#%#p6;)@"``\ff@!P"$\R!! X7N74'-!W@n!L312-!X@!H35!DWQcWDCO!X,)*58o!I5))21)!'1!D2+0('*,@!Q:#0,>>#IV!:!=TT!-!--?!P^R-!f_fvf`_@!3**<)opp?2'@2(=p"h@"#%#p6;)@h#`f`@!P"$^R!! A7+*65-!Q@!X@n!O0)*015?0cO0)*5++012)-!E@!Q@n!S01-!I@!]@n!S01-!]@ca@n!C('5=)*5'1-!W@!Q@n!X3'-!X@c[@!J0880+'01!D0($!Q5=7+0*5)!D(2=51'*2(!O5++!W),885*(';!E'>')'21!>'0!a2*;3!X'=10+'1=!'1!*35!E5>5+2<'1=!a52;2(*5G@!H,+&'"!=TTS-!<7!P#R-!"`fv#h#@!3**<)opp?2'@2(=p"h@"h"^p6@157(21@#hhf@h_@hh%@!P"$_R!! I'7-!U@n!e'5-!O@n!&01=-!]@n!s'01-!C@n!I'7-!s@n!I'7-!U@n!O02-!Z@n!E7-![@n!&7-!S@n!e7-!e@!X<+515;*28,!0:*5(!D0(*'0+![5<0*5;*28,!W;;5+5(0*5)!I'>5(!Q5=515(0*'21!'1!J';5!9,!D(282*'1=!H'=3*!S71;*'21!&2(80*'21!>'0!D2+0('*,!D(2*5'1!D0(!$cWDCO@!K!@,#IV!:!=T#U-!-?4-!f"vf`@!3**<)opp?2'@2(=p"h@"h"^p6@+:)@#h"_@""@h$#@!P"$`R!! E0?,-!W@n!A+0>5*-!O@n!E7901?-!S@cI@!H'8'1=!01?!C'15*';)!2:!Bc!*2!acO0?35('1!X/'*;3!?7('1=!a57(7+0*'21!'1!*35!W>'01!B89(,2@!R,$:#RY":!=T#=-!49-!P`R-!"$$$v"$%f@!3**<)opp?2'@2(=p"h@"hh#p?>?,@#$`"$@!P"$fR!! E0)-!Q@!J@n!X*2(5,-!C@!U@!W<';0+!W9);'))'21!W+*5()!O5++!D2+0('*,!01?!E')801*+5)!*35!D('80(,!O'+'78!E7('1=!a57(2=515)')@!IV!,"V,!=T#O-!797!P^"^_R-!#hhv#h%@!3**<)opp?2'@2(=p"h@""#^p);'51;5@"#%_\#"@!P"%hR!! ]0='-!H@n!H045';3'-!J@!O0?35('1!X7<5(:08'+,!U515)o!&71;*'21)-!U5128';!L(=01'N0*'21-!01?!a57(2+2=';!E'>5()'*,@!D,",/#R,$:!=TTT-!-9!P"hR-!""^fv""`h@!3**<)opp?2'@2(=p"h@""h"p=0?@"%@"h@""^f@!P"%"R!! Z302-!H@n!U01-!s@n!X*245)-!W@n!I0))'*5(-!Q@!a@!H@n!Y01=-!]@n!O301-!S@n![01-!S@!e@n!D+50)7(5-!E@!B@n!B<)*5'1-!S@!W@n!Z327-!O@!S@!rcO0*51'1!Q5=7+0*5)!D0G$!01?!O?G#!:2(!O07?0+!a57(0+!H795!O+2)7(5!01?!B+21=0*'21@!R,$,>'UB,"%!=T#O-!-9-!P"R-!"%`v"\_@!3**<)opp?2'@2(=p"h@"#%#p?5>@"h"\\h@!P"%#R!! O060+-!X@!Q@!,n!J0,-!Q@!J@!02`2>T/#R,*,",&2%!'"#2"3#L,*,",&2%!'"#'@#%X,#H,&$'+/#

! "$$!

IY/%,Bn!E5&5+'<5-!S@-!S215)-!B@!U@-!B?)@n!LG:2(?!b1'>5()'*,!D(5))-!"f#`@!3**<)opp?2'@2(=p"h@"hf$p0;<(2:o2)2pf_`h"f\h^\"^f@hh"@hhh"@!P"%$R!! W+*801-!S@!W(5!a5/!a57(21)!&2(85?!'1!*35!A(0'1)!2:!W?7+*!J0880+)�!IV!,"V,!#S!=-!-7;!P$\hfR-!""#_v""#`@!3**<)opp?2'@2(=p"h@""#^p);'51;5@"$\@$\hf@""#_@!P"%%R!! W+*801-!S@!W7*2(0?'2=(0<3';!.1>5)*'=0*'21!2:!O5++!D(2+':5(0*'21!'1!*35!A(0'1)!2:!Q0*)!01?!O0*)@!C"2%:#L,V:!#S!D-!-9;!P%R-!\_$v\f"@!3**<)opp?2'@2(=p"h@"hh#p0(@"hf"%\h%hf@!P"%\R!! W+*801-!S@n!E0)-!U@!E@!W7*2(0?'2=(0<3';!01?![')*2+2=';0+!B>'?51;5!2:!D2)*10*0+!['<<2;08<0+!a57(2=515)')!'1!Q0*)@!Q:#0'BU:#H,+&'>:!#S!P-!-49!P$R-!$"fv$$\@!3**<)opp?2'@2(=p"h@"hh#p;15@fh"#%h$h$@!P"%^R!! W+*801-!S@!W7*2(0?'2=(0<3';!01?![')*2+2=';0+!X*7?'5)!2:!D2)*10*0+!a57(2=515)')@!.V@!O5++!D(2+':5(0*'21!01?!J'=(0*'21!'1!*35!W1*5('2(!&2(59(0'1-!/'*3!X<5;'0+!Q5:5(51;5!*2!D5()')*'1=!a57(2=515)')!'1!*35!L+:0;*2(,!A7+9@!Q:#0'BU:#H,+&'>:!#S!S-!-7M!P%R-!%$$v%\_@!3**<)opp?2'@2(=p"h@"hh#p;15@fh"$_h%h%@!P"%_R!! U2+?801-!X@!W@n!a2**59238-!&@!a57(210+!D(2?7;*'21-!J'=(0*'21-!01?!E'::5(51*'0*'21!'1!0!V2;0+!O21*(2+!a7;+57)!2:!*35!W?7+*!&580+5!O010(,!A(0'1@!W&'V:#H2%>:#CV23:#IV!:!#SUD-!=O!P`R-!#$fhv#$f%@!3**<)opp?2'@2(=p"h@"h_$p<10)@`h@`@#$fh@!P"%`R!! C0<+01-!J@n!A5++-!E@!J'*2*';!a57(29+0)*)!'1!*35!fcE0,cL+?!01?!""cJ21*3cL+?!Q2?51*!['<<2;08<7)@!Q:#H,+&'/V!:!#SUO-!9!P^R-!"%#fv"%%"@!3**<)opp?2'@2(=p"h@"\#$pSaBbQLXO.@h%ch^ch"%#f@"f`%@!P"%fR!! H58<+5-!X@!E'>')'21!01?!E'::5(51*'0*'21!2:!.)2+0*5?!OaX!A+0)*!O5++)!'1!J';(2;7+*7(5@!H2%+&,!#SUS-!79O!P^#$$R-!%_"v%_$@!3**<)opp?2'@2(=p"h@"h$`p$%h%_"0h@!P"\hR!! Q5,12+?)-!A@n!Y5'))-!X@!U515(0*'21!2:!a57(21)!01?!W)*(2;,*5)!:(28!.)2+0*5?!O5++)!2:!*35!W?7+*!J0880+'01!O51*(0+!a5(>27)!X,)*58@!IV!,"V,!#SS=-!4;;!P\h\#R-!"_h_v"_"h@!3**<)opp?2'@2(=p"h@""#^p);'51;5@"\\$\\`@!P"\"R!! S7(42/)4'-!J@!D@n!A5**'2-!I@n!C@!Y22-!B@n!D0**51-!W@n!]07-!X@c]@n!U'+cJ230<5+-!S@!A5,21?!*35!['<<2;08<7)!01?!*35!XVZo!W?7+*!a57(2=515)')!H3(27=327*!*35!A(0'1@!)&'"%:#0,>>:#H,+&'/V!:!=T=T-!-9-!\_^%%%@!3**<)opp?2'@2(=p"h@$$`fp:1;5+@#h#h@\_^%%%@!P"\#R!! I5'-!Y@n!I'-!Y@n!U5-!I@n!O351-!U@!a21cB1='155(5?!01?!B1='155(5?!W?7+*!a57(2=515)')!'1!J0880+'01!A(0'1)@!)&'"%:#H,+&'/V!:!=T#S-!-7-!"$"@!3**<)opp?2'@2(=p"h@$$`fp:1'1)@#h"f@hh"$"@!P"\$R!! B('4))21-!D@!X@n!D5(:'+'5>0-!B@n!A6�(4cB('4))21-!H@n!W+92(1-!W@cJ@n!a2(?92(=-!O@n!D5*5()21-!E@!W@n!U0=5-!&@![@!a57(2=515)')!'1!*35!W?7+*![7801!['<<2;08<7)@!H2%:#E,3:!#SSU-!9!P""R-!"$"$v"$"_@!3**<)opp?2'@2(=p"h@"h$`p$$h\@!P"\%R!! C'();3519078-!A@n!a5?5(=00(?-!J@n!D(57))-!W@n!A0(08'-!C@n!&(0)5(-!Q@!W@!Q@n!U2+?801-!X@!W@!6"#Z!%&'!a57(210+!D(2?7;*'21!01?!E'::5(51*'0*'21!9,!D(5;7()2(!O5++)!E5('>5?!:(28!*35!W?7+*![7801!&2(59(0'1@!0,&,A:#0'&%,1!#SSO-!9!P^R-!\_^v\`f@!3**<)opp?2'@2(=p"h@"hf$p;5(;2(p%@^@\_^@!P"\\R!! C74542>-!V@!U@n!I0,/5++-!B@!E@n!X7)+2>-!L@n!E0>'5)-!C@n!X;35::+5(-!A@n!H3280)-!I@!A@n!LFA('51-!H@!&@n!C7)04095-!J@n!X*5'1?+5(-!E@!W@!J7+*'<2*51*!X*58pD(2=51'*2(!O5++)!/'*3!X'8'+0(!D(2<5(*'5)!W(')5!:(28!H/2!a57(2=51';!Q5='21)!2:!W?7+*![7801!A(0'1@!P1U:#H,+&'>:!#SSS-!-;<!P#R-!$$$v$%%@!3**<)opp?2'@2(=p"h@"hh^p5G1(@"fff@_h#`@!P"\^R!! D0+85(-!W@!S@n!X0>5(,-!E@n!J0))0-!V@n!O2<<-!W@!S@n!U(5515-!a@!E@!B@!U515*';!.1*5(0;*'21!2:!D0G$!J7*0*'21!01?!O0121';0+!Y1*!X'=10+'1=!J2?7+0*5)!a57(0+!H795!E5:5;*)!01?!a57(0+!O(5)*!W912(80+'*'5)@!*,",/!/!=T=#-!;?!P""R@!3**<)opp?2'@2(=p"h@"hh#p?>=@#$%%\@!P"\_R!! O7(*')-!J@!W@n!D5115,-!B@!A@n!D50()21-!W@!U@n!>01!Q221cJ28-!Y@!J@!O@n!A7**5(/2(*3-!a@!S@n!E(0=712/-!J@n!O2112(-!A@n!&07++-!Q@!I@!J@!.1;(50)5?!O5++!D(2+':5(0*'21!01?!a57(2=515)')!'1!*35!W?7+*![7801![71*'1=*21F)!E')50)5!A(0'1@!W&'V:#H2%>:#CV23:#IV!:!=TTD-!-OO!P"\R-!fh#$vfh#_@!3**<)opp?2'@2(=p"h@"h_$p<10)@"\$##%%"hh@!P"\`R!! A254322(1-!C@n!S25+)-!J@n!I7;0))51-!D@!S@!.1;(50)5?!D(2+':5(0*'21!Q5:+5;*)!U+'0+!01?!V0);7+0(cW))2;'0*5?!O301=5)-!97*!a2*!a57(2=515)')!'1!*35!D(5)51'+5!W+N35'85(!

! "$%!

['<<2;08<7)@!H,+&'A!'>:#R!/:!=TT!-!49!P"R-!"v"%@!3**<)opp?2'@2(=p"h@"h"^p6@19?@#hh^@h%@h"_@!P"\fR!! E511')-!O@!V@n!X73-!I@!X@n!Q2?('=75N-!J@!I@n!C('+-!S@!S@n!X7*35(+01?-!U@!H@![7801!W?7+*!a57(2=515)')!0;(2))!*35!W=5)o!W1!.887123')*2;358';0+!X*7?,@!H,+&'U2%X'>:#CUU>:#H,+&'A!'>:!=T#!-!94!P_R-!^#"v^$`@!3**<)opp?2'@2(=p"h@""""p101@"#$$_@!P"^hR!!J0*35/)-!C@!S@n!W++51-!C@!J@n!A25(('=*5(-!E@n!A0++-![@n!X301121!Y5';45(*-!O@n!E279+5-!C@!I@!B>'?51;5!:2(!Q5?7;5?!a57(2=515)')!'1!*35!W='1=![7801!['<<2;08<7)!?5)<'*5!X*09+5!X*58!O5++!J0(45()@!C*!"*#0,>>!=T#4-!-<!P\R-!""f\v""ff@!3**<)opp?2'@2(=p"h@""""p0;5+@"#^%"@!P"^"R!! X2((5++)-!X@!&@n!D0(5?5)-!J@!&@n!O59('01cX'++0-!W@n!X01?2>0+-!C@n!s'-!E@n!C5++5,-!C@!Y@n!S085)-!E@n!J0,5(-!X@n!O301=-!S@n!W7=7)*5-!C@!.@n!O301=-!B@!&@n!U7*'5((5N-!W@!S@n!C('5=)*5'1-!W@!Q@n!J0*35(1-!U@!Y@n!L+?308-!J@!O@n![701=-!B@!S@n!U0(;'0cV5(?7=2-!S@!J@n!]01=-!Z@n!W+>0(5NcA7,++0-!W@![7801!['<<2;08<0+!a57(2=515)')!E(2<)!X30(<+,!'1!O3'+?(51!*2!b1?5*5;*09+5!I5>5+)!'1!W?7+*)@!H2%+&,!=T#U-!;;;!P_^f^R-!$__v$`"@!3**<)opp?2'@2(=p"h@"h$`p10*7(5#\f_\@!P"^#R!!J2(512cS'8M15N-!B@!D@n!&+2(cU0(;�0-!J@n!H5((5(2)cQ21;0+-!S@n!Q�9012-!W@n!O0:'1'-!&@n!D0++0)cA0N0((0-!a@n!�>'+0-!S@n!I+2(51)cJ0(*�1-!J@!W?7+*!['<<2;08<0+!a57(2=515)')!.)!W971?01*!'1!a57(2+2=';0++,![50+*3,!X7965;*)!01?!E(2<)!X30(<+,!'1!D0*'51*)!/'*3!W+N35'85(F)!E')50)5@!H2%:#E,3:!=T#S-!4;!P%R-!\\%v\^h@!3**<)opp?2'@2(=p"h@"h$`p)%"\f"ch"fch$_\cf@!P"^$R!! H5((5(2)cQ21;0+-!S@n!J2(512cS'8M15N-!B@!D@n!&+2(cU0(;�0-!J@n!Q2?(�=75NcJ2(512-!O@!A@n!H('1;35(2-!J@!&@n!O0:'1'-!&@n!Q�9012-!W@n!I+2(51)cJ0(*�1-!J@!.8<0;*!2:!a57(2?5=515(0*'>5!E')50)5)!21![7801!W?7+*!['<<2;08<0+!a57(2=515)')@!IV!,"V,!=T=#-!7M9!P^\_"R-!""h^v"""$@!3**<)opp?2'@2(=p"h@""#^p);'51;5@09+\"^$@!P"^%R!! H'++-!S@!B@n!J;O7++2;3-!B@!W@![582<2'5*';!X*58!O5++!E'::5(51*'0*'21@!F!'VX!B:#F!'UXY/:#CV%2#FFC#a#L,$:#02"V,&!#SUT-!<O;!P%R-!%$"v%\f@!3**<)opp?2'@2(=p"h@"h"^ph$h%c%"feP`hRfhhhfc`@!P"^\R!! E512*3cI'<<715(-!W@n!S5))95(=5(-!X@!&2(80*'21!01?!.1*5=(0*'21!2:!a5/!a57(21)!'1!*35!W?7+*!['<<2;08<7)@!H2%:#L,$:#H,+&'/V!:!=T=#@!3**<)opp?2'@2(=p"h@"h$`p)%"\`$ch#"chh%$$cN@!P"^^R!! I'-!]@n!U72-!Y@!a57(0+!X*58!O5++!a';35!01?!W?7+*!a57(2=515)')@!JX,#H,+&'/V!,"%!/%!=T=#-!4M!P$R-!#$\v#%\@!3**<)opp?2'@2(=p"h@""__p"h_$`\`%#hf$fh$%@!P"^_R!! E25*);3-!&@n!U0(;¡¢0cV5(?7=2-!S@!J@n!W+>0(5NcA7,++0-!W@!O5++7+0(!O28<2)'*'21!01?!H3(55cE'851)'210+!L(=01'N0*'21!2:!*35!X79>51*(';7+0(!U5(8'10+!Z215!'1!*35!W?7+*!J0880+'01!A(0'1@!Q:#H,+&'/V!:!#SS4-!-M!P"$R-!\h%^v\h^"@!3**<)opp?2'@2(=p"h@"\#$pSaBbQLXO.@"_c"$ch\h%^@"ff_@!P"^`R!! E'1=-!Y@!]@n![701=-!S@n!Y01=-![@!Y04'1=!7<!s7'5);51*!a57(0+!X*58!O5++)o!J2+5;7+0(!J5;301')8)!01?!.8<+';0*'21)!'1!a57(2?5>5+2<851*0+!E')2(?5()@!WK]I#D,",%:!=T=T-!-<!P%R-!5"hh`^\$@!3**<)opp?2'@2(=p"h@"$_"p627(10+@<=51@"hh`^\$@!P"^fR!! W+>0(5NcA7,++0-!W@n!U0(;¡¢0cV5(?7=2-!S@!J@!a57(2=515)')!'1!W?7+*!X79>51*(';7+0(!Z215@!Q:#H,+&'/V!:!=TT=-!44!P$R-!^#fv^$%@!3**<)opp?2'@2(=p"h@"\#$pSaBbQLXO.@##ch$chh^#f@#hh#@!P"_hR!! I07-!A@!Y@cJ@n!]07-!X@c]@n!I55-!H@!J@!O@n!O3'1=-!]@cD@n!H01=-!X@cY@n!X2-!C@c&@!B::5;*!2:!O2(*';2)*5(215!01?!D0(2G5*'15!21!J0);7+'15!J0*'1=!A530>'2(o!D2))'9+5!.1>2+>5851*!2:!a57(2=515)')@!Q:#I,1:#E,3:!=T##-!=!P\R-!"$fhv"%h$@!3**<)opp?2'@2(=p"h@""""p6@"_%$c^"hf@#h"h@h#h`"@G@!P"_"R!! I'8-!E@!W@n!W+>0(5NcA7,++0-!W@!H35!W?7+*!V51*(';7+0(vX79>51*(';7+0(!Z215!PVcXVZR!01?!L+:0;*2(,!A7+9!PLAR!a57(2=515)')@!0'>3#IU&!"*#G2&A:#W,&/U,V%:#F!'>:!=T#!-!=!P\R-!0h"``#h@!3**<)opp?2'@2(=p"h@""h"p;)3<5()<5;*@0h"``#h@!P"_#R!! O2?5=0-!D@n!X'+>0cV0(=0)-!V@n!D07+-!W@n!J0+?210?2cX2*2-!W@!Q@n!E5I52-!W@!J@n!D0)*(010-!B@n!E25*);3-!&@!D(2)<5;*'>5!.?51*':';0*'21!01?!D7(':';0*'21!2:!s7'5);51*!W?7+*!a57(0+!X*58!O5++)!:(28!H35'(!.1!V'>2!a';35@!H,+&'"!=T#O-!=4!P$R-!\%\v\\f@!3**<)opp?2'@2(=p"h@"h"^p6@157(21@#h"%@h#@h$f@!P"_$R!!J';3-!S@!C@n!X'=15(-!Q@!W@n!a040?0-!E@n!D'15?0-!W@n!A7(=5))-!Q@!S@n!V75-!H@!]@n!S231)21-!S@!B@n!J2((')21-!X@!S@!D(2)<5;*'>5!.?51*':';0*'21!2:!&71;*'210++,!E')*'1;*!X*58!O5++)!01?!

! "$\!

a57(2)<35(5c.1'*'0*'1=!O5++)!'1!W?7+*!J27)5!&2(59(0'1@!,K!@,!=T#O-!7-!5h#^^f@!3**<)opp?2'@2(=p"h@_\\%p5I':5@h#^^f@!P"_%R!! D21*'-!U@n!&0('15**'-!W@n!J0((07?'12-!J@n!D01N';0-!U@n!U2**'-!X@!X5G!X*5(2'?)!01?!W?7+*!a57(2=515)')!'1!*35!V51*(';7+0(cX79>51*(';7+0(!Z215@!)&'"%:#P"3'V&!"'>:!=T#U-!?-!"\^@!3**<)opp?2'@2(=p"h@$$`fp:51?2@#h"`@hh"\^@!P"_\R!! I2')-!O@n!W+>0(5NcA7,++0-!W@!I21=cE')*01;5!a57(210+!J'=(0*'21!'1!*35!W?7+*!J0880+'01!A(0'1@!IV!,"V,!#SSO-!4<9!P\"^#R-!""%\v""%`@!3**<)opp?2'@2(=p"h@""#^p);'51;5@`"_`"_%@!P"_^R!! X;2>'++5-!Y@!A@!H35!I'89';!I295!'1!J01@!Q:#H,+&'/+&*:!#SPO-!--!P"R-!^%v^^@!3**<)opp?2'@2(=p"h@$"_"p61)@"f\%@""@"@hh^%@!P"__R!! JX,#G!UU'V2BU+/#F''\n!J';305+!&(2*);35(!01?!I0)N+2!X5(5))-!D@-!B?@n!LG:2(?!b1'>5()'*,!D(5))o!LG:2(?£n!a5/!]2(4-!#hh_n!V2+@!O30<*5(!%@!P"_`R!! C35'(954-!J@!W@!&'1?'1=!*35!Q22*)!2:!W?7+*!a57(2=515)')@!0,>>!=T#P-!-<-!P_R-!"\hhv"\h#@!3**<)opp?2'@2(=p"h@"h"^p6@;5++@#h"\@h^@h"h@!P"_fR!! &01)5+2/-!J@!X@n!E21=-![@cY@!W(5!*35!E2()0+!01?!V51*(0+!['<<2;08<7)!&71;*'210++,!E')*'1;*!X*(7;*7(5)�!H,+&'"!=T#T-!<;!P"R-!_v"f@!3**<)opp?2'@2(=p"h@"h"^p6@157(21@#hhf@""@h$"@!P"`hR!! W80(0+-!E@!U@n!X;30(:801-![@!B@n!I0>515G-!D@!H35!E51*0*5!U,(7)o!&71?0851*0+!a57(2010*28';0+!L(=01'N0*'21!PE51*0*5!U,(7)!:2(!E788'5)R@!.1!W&'*&,//#!"#F&2!"#L,/,2&VXn!B+)5>'5(-!#hh_n!V2+@!"^$-!<<!$v_fh@!3**<)opp?2'@2(=p"h@"h"^pXhh_fc^"#$Ph_R^$hh"c\@!P"`"R!! LFQ5'++,-!Q@!O@n!J;O+5++01?-!S@!I@!['<<2;08<0+!O21671;*'>5!B1;2?'1=-!X*2(0=5-!01?!Q5;0++o!W>2'?'1=!0!H(0?5cL::@!G!UU'V2BU+/!#SSO-!9!P^R-!^^"v^`#@!3**<)opp?2'@2(=p"h@"hh#p3'<2@%\hh%h^h\@!P"`#R!! H(5>5)-!W@n!Q2++)-!B@!H@!O28<7*0*'210+!W10+,)')!2:!*35!Q2+5!2:!*35!['<<2;08<7)!'1!J582(,@!G!UU'V2BU+/!#SSO-!9!P$R-!$_%v$f"@!3**<)opp?2'@2(=p"h@"hh#p3'<2@%\hh%h$"f@!P"`$R!! W'8215-!S@!A@n!E51=-!Y@n!U0=5-!&@![@!W?7+*!a57(2=515)')o!.1*5=(0*'1=!H352('5)!01?!X5<0(0*'1=!&71;*'21)@!J&,"3/#0'*":#IV!:!=T#T-!-9!P_R-!$#\v$$_@!3**<)opp?2'@2(=p"h@"h"^p6@*';)@#h"h@h%@hh$@!P"`%R!! V5);2>'-!W@!I@n!U0++'-!Q@n!Q5,12+?)-!A@!W@!A(0'1!H7827(!X*58!O5++)@!H2%:#L,$:#02"V,&!=TT!-!<!P^R-!%#\v%$^@!3**<)opp?2'@2(=p"h@"h$`p1(;"``f@!P"`\R!! [27)5(-!O@!Q@!.1*5(157(21)!2:!*35!E51*0*5!U,(7)o!W1!L>5(>'5/!2:!O5++!H,<5)-!H5(8'10+!&'5+?)!01?!a57(2;358';0+!.?51*'*,@!.1!W&'*&,//#!"#F&2!"#L,/,2&VXn!B+)5>'5(-!#hh_n!V2+@!"^$-!<<!#"_v`""@!3**<)opp?2'@2(=p"h@"h"^pXhh_fc^"#$Ph_R^$h"$c"@!P"`^R!! C58<5(8011-!U@n!C731-![@!U@n!U0=5-!&@![@!U515*';!.1:+751;5!21!a57(2=515)')!'1!*35!E51*0*5!U,(7)!2:!W?7+*!J';5@!W&'V:#H2%>:#CV23:#IV!:!#SS4-!?9!P"fR-!"h%hfv"h%"%@!3**<)opp?2'@2(=p"h@"h_$p<10)@f%@"f@"h%hf@!P"`_R!!J290))0(03-!a@!S@n!Q'401'-!W@!W@n!O327?3(,-!Z@n!O327?3(,-!W@!J@n!Z51212)-!U@n!H0('K-!X@!X<0*'0++,!Q5=7+0*5?!W?7+*!a57(2=515)')@!C"":#H,+&'/V!:!=T#D-!4O!P#R@!3**<)opp?2'@2(=p"h@\#"%p01)@hf_#@_\$"@#hh#h`@!P"``R!!Y5'-!I@cO@n!X3'-!J@n!O351-!I@cY@n!O02-!Q@n!Z301=-!D@n!O301-!]@!X@!a5)*'1cO21*0'1'1=!O5++)!BG<(5))!U+'0+!&'9('++0(,!W;'?';!D(2*5'1!'1!*35!D(2+':5(0*'>5!Q5='21)!2:!O51*(0+!a5(>27)!X,)*58!2:!D2)*10*0+!E5>5+2<'1=!01?!W?7+*!J';5@!R,$:#F&2!"#L,/:!=TT=-!-7?!P"R-!fv"_@!3**<)opp?2'@2(=p"h@"h"^pXh"^\c$`h^Ph#Rhh\hfc^@!P"`fR!! S30>5('-!E@!S@n!LFC55::5-!.@n!Q29'1)21-!U@!S@n!Z302-!s@c]@n!Z301=-!Z@![@n!a'14-!V@n!a0(0,0101-!Q@!C@n!L)92(15-!U@!Y@n!Y(0,-!a@!Q@n!A0(*+5**-!D@!&@!D7(':';0*'21!2:!a57(0+!D(5;7()2(!O5++)!Q5>50+)!*35!D(5)51;5!2:!E')*'1;*-!X*'87+7)cX<5;':';!X79<2<7+0*'21)!2:!s7'5);51*!D(5;7()2()!'1!*35!W?7+*!J27)5!['<<2;08<7)@!Q:#H,+&'/V!:!=T#P-!7;!P#"R-!`"$#v`"%%@!3**<)opp?2'@2(=p"h@"\#$pSaBbQLXO.@h\h%c"\@#h"\@!P"fhR!! I0;0(-!A@n!I'145(-!X@!A@n!S05=5(-!A@!a@n!C(')310)/08'-!X@!Q@n!A0((21-!S@!S@n!C5+?5(-!J@!S@!B@n!D0(,+04-!X@!I@n!D0K72+0-!W@!O@!J@n!V515<0++,-!D@n!a2>2*1,-!J@n!LFO2112(-!O@n!&'*N<0*(';4-!O@n!B(/'1-!S@!W@n![)7-!S@!]@n![7)901?-!E@n!J;O2115++-!J@!S@n!I0)451-!Q@n!U0=5-!&@!

! "$^!

[@!a7;+50(!QaWcX5K!2:!X'1=+5!a57(21)!Q5>50+)!J2+5;7+0(!X'=10*7(5)!2:!W;*'>0*'21@!H2%:#0'BB+":!=T#!-!M!P"R-!""h##@!3**<)opp?2'@2(=p"h@"h$`p1;288)""h##@!P"f"R!! C(215195(=-!U@n!Q57*5(-!C@n!X*5'15(-!A@n!A(01?*-!J@!E@n!S5))95(=5(-!X@n!]080=7;3'-!J@n!C58<5(8011-!U@!X79<2<7+0*'21)!2:!D(2+':5(0*'1=!O5++)!2:!*35!W?7+*!['<<2;08<7)!Q5)<21?!E'::5(51*+,!*2!D3,)'2+2=';!a57(2=51';!X*'87+'@!Q:#0'BU:#H,+&'>:!=TTD-!9<M!P%R-!%\\v%^$@!3**<)opp?2'@2(=p"h@"hh#p;15@"hf%\@!P"f#R!! C58<5(8011-!U@n!S5))95(=5(-!X@n!X*5'15(-!A@n!C(215195(=-!U@!J'+5)*215)!2:!a57(210+!E5>5+2<851*!'1!*35!W?7+*!['<<2;08<7)@!J&,"3/#H,+&'/V!:!=TTO-!4M!P`R-!%%_v%\#@!3**<)opp?2'@2(=p"h@"h"^p6@*'1)@#hh%@h\@h"$@!P"f$R!! I7=5(*-!X@n!A0)04-!L@n!C17;4+5)-!D@n![07))+5(-!b@n!&095+-!C@n!U�*N-!J@n![00)-!O@!W@n!C58<5(8011-!U@n!H0,+2(-!V@n!U'0;3'12-!O@!s7'5);51*!01?!W;*'>5!['<<2;08<0+!a57(0+!X*58!O5++)!/'*3!E')*'1;*!J2(<32+2='5)!Q5)<21?!X5+5;*'>5+,!*2!D3,)'2+2=';0+!01?!D0*32+2=';0+!X*'87+'!01?!W='1=@!0,>>#I%,B#0,>>!=T#T-!<!P\R-!%%\v%\^@!3**<)opp?2'@2(=p"h@"h"^p6@)*58@#h"h@h$@h"_@!P"f%R!! Z302-!O@n!E51=-!Y@n!U0=5-!&@![@!J5;301')8)!01?!&71;*'210+!.8<+';0*'21)!2:!W?7+*!a57(2=515)')@!0,>>!=TTU-!-74!P%R-!^%\v^^h@!3**<)opp?2'@2(=p"h@"h"^p6@;5++@#hh`@h"@h$$@!P"f\R!! H2?0-!H@n!D0(,+04-!X@!I@n!I'145(-!X@!A@n!U0=5-!&@![@!H35!Q2+5!2:!W?7+*!['<<2;08<0+!a57(2=515)')!'1!A(0'1![50+*3!01?!E')50)5@!E'>:#W/YVX!2%&Y!=T#S-!49!P"R-!^_v`_@!3**<)opp?2'@2(=p"h@"h$`p)%"$`hch"`chh$^c#@!P"f^R!! [0**'01=0?,-!A@n!Q02-!J@n!X35**,-!W@!O3(21';!H58<2(0+!I295!B<'+5<),!.)!W))2;'0*5?!/'*3!X5>5(5+,!E5;+'15?!E51*0*5!a57(2=515)')!'1!*35!W?7+*!['<<2;08<7)@!H,+&'A!'>:#R!/:!=TTO-!-M!P$R-!%_$v%fh@!3**<)opp?2'@2(=p"h@"h"^p6@19?@#hh%@h`@hh`@!P"f_R!!J'(5);7-!O@n!U27+?-!B@!X*(5))!01?!W?7+*!a57(2=515)')@!G!UU'V2BU+/!=TT!-!-<!P$R-!#$$v#$`@!3**<)opp?2'@2(=p"h@"hh#p3'<2@#h"\\@!P"f`R!! C29'+2-!H@n!I'7-!s@cQ@n!U01?3'-!C@n!J7=30+-!J@n!X30308-!]@n!>01!D(00=-![@!Q711'1=!.)!*35!a57(2=51';!01?!a57(2*(2<3';!X*'87+7)!'1!B1>'(21851*0+!B1(';3851*@!K,2&":#E,B:!=T##-!-=!PfR-!^h\v^hf@!3**<)opp?2'@2(=p"h@""h"p+8@##`$h""@!P"ffR!! Z327-![@n!O351-!I@n!U02-!e@n!I72-!A@n!O351-!S@!J2?5(0*5!H(0780*';!A(0'1!.167(,!H('==5()!Q0<'?!a5;(2*';!E50*3!2:!.880*7(5!a57(21)!'1!*35!['<<2;08<7)@!Q:#H,+&'U2%X'>:#P1U:#H,+&'>:!=T#=-!M-!P%R-!$%`v$\f@!3**<)opp?2'@2(=p"h@"hf_paBa@h9h"$5$"`#%50h_`@!P#hhR!! Z301=-!I@n!Z301=-!e@!&0;*2()!Q5=7+0*'1=!a57(2=515)')!'1!*35!W?7+*!E51*0*5!U,(7)@!.1!JX,#G!UU'V2BU+/#a#W>2/%!V!%Y#2"3#)+"V%!'"/n!X*7;3+'4-!W@-!B?@n!.1H5;3-!#h"`@!3**<)opp?2'@2(=p"h@\__#p'1*5;32<51@_\^$"@!P#h"R!! C'(/01-!O@!A@n!X*0(4-!O@!B@!I@!L>5(;28'1=!.1*5(:5(51;5o!W1!&JQ.!.1>5)*'=0*'21!2:!D0**5(1!X5<0(0*'21!'1!*35!J5?'0+!H58<2(0+!I295@!K,2&":#CBU#E,B:!=TT4-!-9!PfR-!^#\v^$$@!3**<)opp?2'@2(=p"h@""h"p+8@^^$\h_@!P#h#R!! O0+>2cL;320-!B@n![5(1�1?5NcL(*5=0-!C@n!&5((5(0-!D@n!J2('82*2-!X@n!W('0)-!O@!X32(*cH5(8!['=3c&0*c01?c&(7;*2)5!&55?'1=!D(2?7;5)!.1)7+'1!X'=10+'1=!W+*5(0*'21)!W;;28<01'5?!9,!a57('*5!01?!X,10<*';!Q5?7;*'21!01?!W)*(2=+'0+!W;*'>0*'21!'1!*35!Q0*!['<<2;08<7)@!Q:#0,&,A:#F>''3#)>'_#E,%2A:!=T#O-!79!P^R-!"hh"v"hh`@!3**<)opp?2'@2(=p"h@"h$`p6;9:8@#h"%@%`@!P#h$R!! O(27N'5(-!I@n!U'+095(*-!E@n!Q2))5+-!J@n!H(27))5-!&@n!J07(';5-!H@!H2<2=(0<3';0+!J582(,!W10+,N5?!'1!J';5!b)'1=!*35![08+5*!H5)*-!0!a2>5+!O28<+5G!J0N5@!H,+&'A!'>:#K,2&":#E,B:!=T#U-!-9?-!""`v"$%@!3**<)opp?2'@2(=p"h@"h"^p6@1+8@#h"`@h#@h"%@!P#h%R!! D'+N-!U@cW@n!A2**5)-!X@n!A5*'N507-!J@n!S�(=-!E@!S@n!O0(*0-!X@n!X'821)-!A@!E@n![5+8;351-!&@n!S5))95(=5(-!X@!I'>5!.80='1=!2:!a57(2=515)')!'1!*35!W?7+*!J27)5!['<<2;08<7)@!IV!,"V,!=T#U-!7;?!P^$_^R-!^\`v^^#@!3**<)opp?2'@2(=p"h@""#^p);'51;5@002\h\^@!P#h\R!! X32()-!H@!S@n!J'5)5=05)-!U@n!A5,+'1-!W@n!Z302-!J@n!Q,?5+-!H@n!U27+?-!B@!a57(2=515)')!'1!*35!W?7+*!.)!.1>2+>5?!'1!*35!&2(80*'21!2:!H(0;5!J582('5)@!H2%+&,!=TT#-!9-O!P^`#^R-!$_#v$_^@!3**<)opp?2'@2(=p"h@"h$`p$\h^^\`%@!P#h^R!! U0(*35-!W@n!A53(-!S@n!C58<5(8011-!U@!W?7+*cU515(0*5?!['<<2;08<0+!a57(21)!W++2/!

! "$_!

*35!&+5G'9+5!b)5!2:!X<0*'0++,!D(5;')5!I50(1'1=!X*(0*5='5)@!WK'I#]HP!=TTS-!9!P\R-!5\%^%@!3**<)opp?2'@2(=p"h@"$_"p627(10+@<215@hhh\%^%@!P#h_R!! X73-![@n!E51=-!Y@n!U0=5-!&@![@!X'=10+'1=!'1!W?7+*!a57(2=515)')@!C""+:#L,$:#0,>>#R,$:#F!'>:!=TTS-!4;!P"R-!#\$v#_\@!3**<)opp?2'@2(=p"h@""%^p0117(5>@;5++9'2@h%#$h`@""$#\^@!P#h`R!! X;3/0(N-!H@!S@n!B95(*-!A@n!I'5-!E@!O@!X*58!O5++!J0'1*5101;5!'1!*35!W?7+*!J0880+'01!['<<2;08<7)o!W!J0**5(!2:!X'=10+!.1*5=(0*'21�!R,$:#H,+&'A!'>:!=T#=-!M4!P_R-!"hh^v"h"\@!3**<)opp?2'@2(=p"h@"hh#p?157@##h#^@!P#hfR!! &0'=+5-!Q@n!X21=-![@!X'=10+'1=!J5;301')8)!Q5=7+0*'1=!W?7+*!a57(0+!X*58!O5++)!01?!a57(2=515)')@!F!'VX!B:#F!'UXY/:#CV%2#FFC#a#D,":#I+A`:!=T#D-!-=7O!P#R-!#%$\v#%%`@!3**<)opp?2'@2(=p"h@"h"^p6@990=51@#h"#@hf@hh#@!P#"hR!! I'5-!E@cO@n!O2+080('12-!X@!W@n!X21=-![@cS@n!EM)'(M-!I@n!J'(0-![@n!O21)'=+'2-!W@n!I5'1-!B@!X@n!S5))95(=5(-!X@n!I01):2(?-![@n!E50('5-!W@!Q@n!U0=5-!&@![@!Y1*!X'=10++'1=!Q5=7+0*5)!W?7+*!['<<2;08<0+!a57(2=515)')@!H2%+&,!=TTP-!97M!P_h^$R-!"$_hv"$_\@!3**<)opp?2'@2(=p"h@"h$`p10*7(5h%"h`@!P#""R!!J0)21-![@!W@n!Q042/'5;4'-!X@!J@n!U('?+5,-!H@n!&')35++-!U@!I2))!2:!a2*;3!W;*'>'*,!'1!*35!E5>5+2<'1=!O51*(0+!a5(>27)!X,)*58!I50?)!*2!.1;(50)5?!O5++!E50*3@!R,$:#H,+&'/V!:!=TT!-!4=!P"v#R-!%fv\_@!3**<)opp?2'@2(=p"h@""\fphhhhfh_\#@!P#"#R!! I0'-!C@n!C0)<0(-!A@!C@n!U0=5-!&@![@n!X;30::5(-!E@!V@!X21';![5?=532=!Q5=7+0*5)!W?7+*!a57(0+!D(2=51'*2(!D(2+':5(0*'21!'1!V'*(2!01?!'1!V'>2@!H2%:#H,+&'/V!:!=TTD-!<!P"R-!#"v#_@!3**<)opp?2'@2(=p"h@"h$`p11f`$@!P#"$R!! C'5:5(-!Q@n!X*(5'*-!Y@!S@n!H2,40-!C@!V@n!C(57*N95(=-!U@!Y@n![0(*71=-![@cD@!H(01):2(8'1=!U(2/*3!&0;*2(c¤"o!W!I5)'21cW))2;'0*5?!O,*24'15!2:!*35!a5(>27)!X,)*58@!6"%:#Q:#R,$:#H,+&'/V!:!#SSP-!-7!P$v%R-!$$"v$$f@!3**<)opp?2'@2(=p"h@"h"^ph_$^c\_%`Pf%Rhhh_%cE@!P#"%R!! .80'-!&@n!X7N74'-![@n!L?0-!S@n!a'128',0-!H@n!L12-!C@n!X012-![@n!X0/0?0-!J@!a57(2<(2*5;*'>5!B::5;*!2:!BG2=5127)!J';(2=+'0!'1!U+290+!A(0'1!.);358'0@!Q:#0,&,A:#F>''3#)>'_#E,%2A:!=TT4-!4M!P$R-!%``v\hh@!3**<)opp?2'@2(=p"h@"h$`p)6@6;9:8@f^hh$^#@!P#"\R!! I0895(*)51-!C@!I@n!O+07)51-!A@![@n!A09;2;4-!W@!W@n!U(5=5()51-!Q@n!&51=5(-!O@n!a'5+)51-![@![@n![07=00(?-!I@!X@n!Y'(51:5+?*-!J@n!a'5+)51-!J@n!E0=105)c[01)51-!&@n!A+75*38011-![@n!&05(=5801-!a@!S@n!J5+?=00(?-!J@n!E5'5(92(=-!H@n!&'1)51-!A@!J';(2=+'0!D(2*5;*!a57(21)!0=0'1)*!.);358'0!9,!X,1*35)')!2:!H782(!a5;(2)')!&0;*2(@!Q:#H,+&'/V!:!=TTS-!4?!P\R-!"$"fv"$$h@!3**<)opp?2'@2(=p"h@"\#$pSaBbQLXO.@\\h\ch`@#hhf@!P#"^R!! Z'+40-!a@n!&5(51;'4-!J@n![7+'1-!.@!a57(2'1:+0880*'21!'1!W+N35'85(F)!E')50)5o!D(2*5;*2(!2(!D(282*5(�!F&2%!/>:#K,\:#K!/%Y!=TT!-!-OM!Pfv"hR-!$_%v$`$@!P#"_R!! A21':0*'-!E@n!C')32(5-!b@!Q2+5!2:!O28<+5851*!'1!a57(2?5=515(0*'21!01?!a57(2'1:+0880*'21@!E'>:#6BB+"'>:!=TT4-!99!P\R-!fffv"h"h@!3**<)opp?2'@2(=p"h@"h"^p6@82+'88@#hh^@h$@hh_@!P#"`R!! E2115++,-!E@!S@n!D2<2>';3-!D@!U@!.1:+0880*'21!01?!.*)!Q2+5!'1!a57(2<(2*5;*'21-!WG210+!Q5=515(0*'21!01?!&71;*'210+!Q5;2>5(,!0:*5(!X<'10+!O2(?!.167(,@!P1U:#H,+&'>:!=TTU-!4O?!P#R-!$_`v$``@!3**<)opp?2'@2(=p"h@"h"^p6@5G<157(2+@#hh_@h^@hhf@!P#"fR!! Q5??,-!E@n!C7(790-!Q@!BG<5('851*0+!J2?5+)!2:!X*0*7)!B<'+5<*';7)!01?!a57(210+!.167(,!:2(!B>0+70*'21!2:!H35(0<57*';!.1*5(>51*'21)@!6"%:#Q:#E'>:#IV!:!=T#D-!-9!PfR-!"`#`%v"`$"`@!3**<)opp?2'@2(=p"h@$$fhp'68)"%hf"`#`%@!P##hR!! B4?03+-!O@!H@n!O+00)51-!S@c[@n!A21?5-!X@n!C240'0-!Z@n!I'1?>0++-!L@!.1:+0880*'21!.)!E5*('851*0+!:2(!a57(2=515)')!'1!W?7+*!A(0'1@!W&'V:#H2%>:#CV23:#IV!:!=TTD-!-OO!P#$R-!"$^$#v"$^$_@!3**<)opp?2'@2(=p"h@"h_$p<10)@##$%h$""hh@!P##"R!!J2165-!J@!I@!.1:+0880*2(,!A+2;40?5!Q5)*2(5)!W?7+*!['<<2;08<0+!a57(2=515)')@!IV!,"V,!=TTD-!7O4!P\^\"R-!"_^hv"_^\@!3**<)opp?2'@2(=p"h@""#^p);'51;5@"h``%"_@!P###R!! a51;'1'-!D@n!X0(*'-!O@n!.112;51*'-!Q@n!D(0;7;;'-!U@n!.1N'*0('-!E@!W;7*5!.1:+0880*2(,!B>51*)!01?!.);358';!X*(245!X79*,<5)@!0,&,A&'$2/V:#R!/:!=TTD-!-;!P$R-!#"\v##"@!3**<)opp?2'@2(=p"h@""\fphhhh^``$"@!

! "$`!

P##$R!! X;38'?*-!L@!.@n![5,?5-!O@!B@n!B(*5+-!Y@n!X*035+-!D@!&@!O+2)5?![50?!.167(,�01!.1:+0880*2(,!E')50)5�!F&2!"#L,/:#L,$:!=TTP-!9=!P#R-!$``v$ff@!3**<)opp?2'@2(=p"h@"h"^p6@9(0'1(5)(5>@#hh%@"#@h#`@!P##%R!! A0N01-!a@!U@n![0+09'-!W@n!B(*5+-!J@n!D5*0)')-!a@!W@!a57(2'1:+0880*'21@!.1!F2/!V#H,+&'VX,B!/%&Yn!B+)5>'5(-!#h"#n!<<!^"hv^#h@!3**<)opp?2'@2(=p"h@"h"^pAf_`chc"#c$_%f%_c\@hhh$%c"@!P##\R!! E'X090*2-!E@!S@n!s701-!a@n!U2?927*-!S@!D@!a57(2'1:+0880*'21o!H35!E5>'+!.)!'1!*35!E5*0'+)@!Q:#H,+&'VX,B:!=T#!-!-7?-!"$^v"\$@!3**<)opp?2'@2(=p"h@""""p61;@"$^h_@!P##^R!! U2)351-!.@n!C(5')5+-!H@n!A51cJ510;358cZ'?21-!L@n!I';3*-!H@n!Y5'?51:5+?-!S@n!A51c[7(-!H@n!]'(8',0-!Q@!A(0'1!.1*5(+574'1c"!J5?'0*5)!O3(21';!X*(5))c.1?7;5?!E5<(5))'21!'1!J';5!>'0!W?(512;2(*';0+!W;*'>0*'21!01?!['<<2;08<0+!a57(2=515)')!X7<<(5))'21@!E'>:#W/YVX!2%&Y!=TTU-!-7!P_R-!_"_v_#`@!3**<)opp?2'@2(=p"h@"h$`p)6@8<@%hh#h\\@!P##_R!! C22-!S@!Y@n!E7801-!Q@!X@!.Ic"!.)!01!B))51*'0+!J5?'0*2(!2:!*35!W1*'157(2=51';!01?!W135?21';!B::5;*)!2:!X*(5))@!W&'V:#H2%>:#CV23:#IV!:!=TTU-!-O;!P#R-!_\"v_\^@!3**<)opp?2'@2(=p"h@"h_$p<10)@h_h`hf#"h\@!P##`R!! A2()'1'-!W@n!O0**0152-!W@n!J0+<'=3'-!O@n!H37(5*-!X@n![0((')21-!a@!W@n!JQO!.88712D),;3'0*(,!O21)2(*'78n!Z71)N0'1-!D@!W@n!D0('01*5-!O@!J@!.1*5(:5(21cW+<30!Q5?7;5)![7801!['<<2;08<0+!a57(2=515)')!01?!.1;(50)5)!W<2<*2)')!>'0!W;*'>0*'21!2:!E')*'1;*!XHWH"cE5<51?51*!J5;301')8)@!6"%:#Q:#H,+&'U/YVX'UX2&B2V'>:!=T#U-!4-!P#R-!"`_v#hh@!3**<)opp?2'@2(=p"h@"hf$p'61<p<,Gh`$@!P##fR!!Y01=-!e@n!&7-!X@n!Y01=-!]@n!]7-!D@n![7-!S@n!U7-!Y@n!e7-!e@cJ@n!I7-!D@!.1*5(+574'1c"r!J5?'0*5)!D(2+':5(0*'21!01?!E'::5(51*'0*'21!2:!J7+*'<2*51*!a57(0+!D(5;7()2(!O5++)!*3(27=3!*35!W;*'>0*'21!2:!XWDCpSaC!D0*3/0,@!E'>:#0,>>:#H,+&'/V!:!=TT4-!7<!P$R-!$%$v$\%@!3**<)opp?2'@2(=p"h@"h"^p6@8;1@#hh_@h_@hh\@!P#$hR!! [75)*21-!O@!J@n!LFI50(,-!S@!E@n![2901-!W@!B@n!C2N0(5>0-!E@!W@n!D0/+5,-!I@!O@n!LFI50(,-!L@!&@n!O(,01-!S@!&@n!a2+01-!]@!J@!O3(21';!.1*5(+574'1c"r!'1!*35!E2()0+!['<<2;08<7)!.8<0'()!A530>'27(0+!D0**5(1!X5<0(0*'21@!F&2!":#F,X2$:#6BB+":!=T#U-!M9-!#\#v#^%@!3**<)opp?2'@2(=p"h@"h"^p6@99'@#h"`@hf@h"\@!P#$"R!!J;U55(-!D@!I@n!.*0=04'-!X@n!A2,5)-!A@!B@n!J;U55(-!B@!U@!Q50;*'>5!J';(2=+'0!W(5!D2)'*'>5!:2(![IWcEQ!'1!*35!X79)*01*'0!a'=(0!2:!D0(4'1)21F)!01?!W+N35'85(F)!E')50)5!A(0'1)@!H,+&'>'*Y!#SUU-!7=!P`R-!"#`\v"#`\@!3**<)opp?2'@2(=p"h@"#"#pYaI@$`@`@"#`\@!P#$#R!! &(01;2-!Q@n!&5(1�1?5NcX7�(5N-!E@!W+*5(10*'>5+,!W;*'>0*5?!J';(2=+'0!01?!J0;(2<30=5)!'1!*35!O51*(0+!a5(>27)!X,)*58@!W&'*:#H,+&'A!'>:!=T#P-!-7--!^\v`^@!3**<)opp?2'@2(=p"h@"h"^p6@<157(29'2@#h"\@h\@hh$@!P#$$R!! C780(-!V@!H2++c+'45!Q5;5<*2()!'1!*35!D0*32=515)')!2:!a57(2'1:+0880*'21@!Q:#H,+&'!BB+"'>:!=T#S-!774-!"^v$h@!3**<)opp?2'@2(=p"h@"h"^p6@6157(2'8@#h"f@h$@h"#@!P#$%R!! ]701-!W@n!Q02-!J@!V@n!V55(0110n!a'G21-!Q@!W@!a57(2:'+0851*)!01?!a57(2:'+0851*!D(2*5'1)!'1![50+*3!01?!E')50)5@!0'>3#IU&!"*#G2&A:#W,&/U,V%:#F!'>:!=T#4-!?!P%R-!0h"`$hf@!3**<)opp?2'@2(=p"h@""h"p;)3<5()<5;*@0h"`$hf@!P#$\R!! X'5((0-!W@n!B1;'10)-!S@!J@n!E57?5(2-!S@!S@!D@n!O301;5,-!S@![@n!B1'42+2<2>-!U@n!L>5()*(55*cY0?';35-!I@!X@n!H)'(40-!X@!B@n!J0+5*';cX0>0*';-!J@!J';(2=+'0!X30<5!W?7+*!['<<2;08<0+!a57(2=515)')!*3(27=3!W<2<*2)')cO27<+5?!D30=2;,*2)')@!0,>>#I%,B#0,>>!=T#T-!M!P%R-!%`$v%f\@!3**<)opp?2'@2(=p"h@"h"^p6@)*58@#h"h@h`@h"%@!P#$^R!! [01');3-!b@cC@n!C5**518011-![@!J';(2=+'0o!W;*'>5!X51)2(!01?!V5()0*'+5!B::5;*2(!O5++)!'1!*35!a2(80+!01?!D0*32+2=';!A(0'1@!H2%:#H,+&'/V!:!=TT4-!-O!P""R-!"$`_v"$f%@!3**<)opp?2'@2(=p"h@"h$`p11"ff_@!P#$_R!! X2:(21'5/-!J@!V@!W)*(2;,*5!A0(('5()!*2!a57(2*2G';!.1:+0880*'21@!H2%:#L,$:#H,+&'/V!:!=T#P-!-<!P\R-!#%fv#^$@!3**<)opp?2'@2(=p"h@"h$`p1(1$`f`@!P#$`R!! U21�0+>5)-!S@!H@n!X;30:5(-!X@!H@n!U0=5-!&@![@!W?7+*!a57(2=515)')!'1!*35!['<<2;08<7)o!&(28!X*58!O5++)!*2!A530>'2(@!0,>>!=T#!-!-<M!P%R-!`f_vf"%@!

! "$f!

3**<)opp?2'@2(=p"h@"h"^p6@;5++@#h"^@"h@h#"@!P#$fR!! ?5!J'(01?0-!W@!X@n!Z301=-!O@cS@n!C0*)782*2-!W@n!H5'G5'(0-!W@!I@!['<<2;08<0+!W?7+*!a57(2=515)')o!E25)!*35!.88715!X,)*58!J0**5(�!Q:#H,+&'>:#IV!:!=T#4-!7M4-!%`#v%f\@!3**<)opp?2'@2(=p"h@"h"^p6@61)@#h"^@"h@h\#@!P#%hR!! a2(?51-!E@!J@n!U2?927*-!S@!D@!Q5>'5/o!J';(2=+'0!2:!*35!W=5?!A(0'1o!D('85?!*2!A5!W;*'>0*5?!01?!Q5)')*01*!*2!Q5=7+0*'21o!.1;(50)5?!J';(2=+'0+!Q50;*'>'*,!/'*3!W=5@!H,+&'U2%X'>:#CUU>:#H,+&'A!'>:!=T#D-!7?!P"R-!"fv$%@!3**<)opp?2'@2(=p"h@""""p6@"$^\c#ffh@#h"#@h"$h^@G@!P#%"R!! I'95(*2-!O@!J@n!W+9(5;3*-!D@!S@n![5(G-!I@!J@n!]21=-!V@!Y@n!I5>')21-!X@!Y@!D(2cQ5=515(0*'>5!D(2<5(*'5)!2:!O,*24'15cW;*'>0*5?!W)*(2;,*5)@!Q:#H,+&'VX,B:!=TTO-!=?!P\R-!"hf#v""hh@!3**<)opp?2'@2(=p"h@""""p6@"%_"c%"\f@#hh%@h#%#h@G@!P#%#R!! X2:(21'5/-!J@!V@!Q50;*'>5!W)*(2;,*5)!'1!a57(0+!Q5<0'(!01?!D(2*5;*'21@!JX,#H,+&'/V!,"%!/%!=TTP-!--!P\R-!%hhv%h_@!3**<)opp?2'@2(=p"h@""__p"h_$`\`%h\#_`$#"@!P#%$R!!J'=1215-!S@!I@n!C74542>-!V@n!O3'01=-!W@cX@n!X*5'1?+5(-!E@n!B1'42+2<2>-!U@!a57(0+!X*58!01?!D(2=51'*2(!O5++)!'1!a5)*'1cU&D!H(01)=51';!J';5@!Q:#0'BU:#H,+&'>:!=TTO-!9<?!P$R-!$""v$#%@!3**<)opp?2'@2(=p"h@"hh#p;15@"hf^%@!P#%%R!! AM+01=5(-!J@n!J0=')*(5**'-!D@!S@!H35!Q2+5!2:!W)*(2=+'0!'1!a57(2<(2*5;*'21@!R!2>'*+,/#0>!":#H,+&'/V!:!=TTS-!--!P$R-!#`"v#f\@!P#%\R!! I'??5+2/-!X@!W@n!A0((5)-!A@!W@!Q50;*'>5!W)*(2;,*5)o!D(2?7;*'21-!&71;*'21-!01?!H35(0<57*';!D2*51*'0+@!6BB+"!%Y!=T#4-!9<!P^R-!f\_vf^_@!3**<)opp?2'@2(=p"h@"h"^p6@'8871'@#h"_@h^@hh^@!P#%^R!! E558,0?-!H@n!I�*3'-!S@n!X<(7)*21-!a@!W)*(2;,*5)!.1*5=(0*5!01?!E('>5!W;*'21!D2*51*'0+!&'('1=!'1!.13'9'*2(,!X7915*/2(4)@!H2%:#0'BB+":!=T#U-!?!P"R-!%$$^@!3**<)opp?2'@2(=p"h@"h$`p)%"%^_ch"`ch^$$`c$@!P#%_R!! A57*+5(-!A@!H+(%o!O51*(0+!O28<2151*!2:!*35!X2+5!J0880+'01!IDX!X51)2(@!0+&&:#]U!":#6BB+"'>:!=TTT-!-4!P"R-!#hv#^@!3**<)opp?2'@2(=p"h@"h"^pXhf\#c_f"\PffRhhh%^c"@!P#%`R!!Y7-!O@cY@n!O351-!]@cO@n!]7-!I@n!O351-![@n!S51-!O@!S@n![701=-!W@cJ@n!H)0'-![@cS@n!O301=-!]@cH@n!C72-!]@cJ@!H(50?8'++!BG5(;')5!O271*5(0;*)!*35!X7<<(5))'>5!B::5;*)!2:!D5('<35(0+!I'<2<2+,)0;;30('?5!21!['<<2;08<0+!a57(2=515)')!01?!I50(1'1=!01?!J582(,@!Q:#H,+&'VX,B:!=TT4-!-O7!P^R-!#%_"v#%`"@!3**<)opp?2'@2(=p"h@""""p6@"%_"c%"\f@#hh_@h%f`_@G@!P#%fR!! &76'240-![@n!W4580-!H@!I'<2<2+,)0;;30('?5!W;7*5+,!.13'9'*)!D(2+':5(0*'21!2:!a57(0+!D(5;7()2(!O5++)!'1!*35!E51*0*5!U,(7)!'1!W?7+*!Q0*)@!F&2!"#L,/:!=T#T-!-7;4-!$\v%#@!3**<)opp?2'@2(=p"h@"h"^p6@9(0'1(5)@#h"h@h_@h$#@!P#\hR!! Z21')-!X@n!I679'82>-!V@!W@n!J03=5(5:*53-!J@n!D5;31';4-!Q@!a@n!Y0/(2/)4,-!C@n!O35)1242>0-!V@!D#"!789!Q5)*(0'1)!['<<2;08<0+!a57(2=515)')!01?!D(2*5;*)!a57(210+!D(2=51'*2()!:(28!W<2<*2)')!?7('1=!W;7*5!X,)*58';!.1:+0880*'21o!.1:+0880*'21c.1?7;5?!D#"!Q5)*(0'1)!['<<2;08<0+!a57(2=515)')@!G!UU'V2BU+/!=T#D-!47!P"#R-!"$`$v"$f%@!3**<)opp?2'@2(=p"h@"hh#p3'<2@##"f#@!P#\"R!! I+2(51)cJ0(*�1-!J@n!S7(0?2cW(6210-!S@n!&7)*5(cJ0*01N2-!W@n![5(1�1?5N-!&@n!Q�9012-!W@n!�>'+0-!S@!D5('<35(0++,!H('==5(5?!01?!UXCc$rcE('>51!A(0'1!.1:+0880*'21!E'::5(51*'0++,!X45/!W?7+*!['<<2;08<0+!a57(2=515)')-!A530>'2(0+!D0**5(1!X5<0(0*'21!01?!J';(2=+'0+!W;*'>0*'21!'1!Q5)<21)5!*2!.97<(2:51@!J&2"/>:#W/YVX!2%&Y!=T#O-!9!P"hR-!5%^$v5%^$@!3**<)opp?2'@2(=p"h@"h$`p*<@#h"%@f#@!P#\#R!! C01542-!a@n!C7?2-!C@n!J097;3'-!H@n!H04582*2-!C@n!&76'804'-!C@n!Y0*'-![@n!.=7;3'-![@n!H5N740-![@n!C0190-!X@!X7<<(5))'21!2:!O5++!D(2+':5(0*'21!9,!.1*5(:5(21cW+<30!*3(27=3!.1*5(+574'1c"!D(2?7;*'21!'1!W?7+*!Q0*!E51*0*5!U,(7)@!H,+&'U/YVX'UX2&B2V'>'*Y!=TT!-!7-!P"#R-!#^"fv#^#^@!3**<)opp?2'@2(=p"h@"h$`p)6@1<<@"$h""$_@!P#\$R!! Z351=-!I@cX@n!['*2)3'-!X@n!C01542-!a@n!H0402-!C@n!J',040/0-!H@n!H01040-!]@n!e'0-![@n!C0+'145-!b@n!C7?2-!C@n!C0190-!X@n!.451040-!C@n!X0/082*2-!C@!J5;301')8)!:2(!.1*5(:5(21cgc.1?7;5?!E5<(5))'21!01?!a57(0+!X*58!O5++!E,):71;*'21@!I%,B#0,>>#L,U:!=T#O-!7!P"R-!_$v`%@!

! "%h!

3**<)opp?2'@2(=p"h@"h"^p6@)*58;(@#h"%@h\@h"\@!P#\%R!! O0'-!A@n!X521=-!C@cS@n!A05-!X@cY@n!C224-!J@!X@n!O371-!O@n!I55-!S@![@n!O32'-!Y@cX@n!S71=-!S@c]@n!C'8-!Y@cS@!Y0*5(cX2+79+5!W(='1,+vE'2)=51'1!W10+2=!W**5170*5)!['<<2;08<0+!a57(2=515)')!.8<0'(851*!H3(27=3!A+2;4'1=!J';(2=+'0+!W;*'>0*'21!b1?5(+,'1=!a&c¥A!01?!SaC!JWDC!X'=10+'1=!'1!W?7+*!J';5!O30++51=5?!9,!IDX@!E'>:#H,+&'A!'>:!=T#S-!;<!PfR-!^#"`v^#$`@!3**<)opp?2'@2(=p"h@"hh_p)"#h$\ch"fc"%f^c$@!P#\\R!! I0,M-!X@n!D0(15*-!D@n!U27621-!B@n!E01*N5(-!Q@!D5('<35(0+!W?8'1')*(0*'21!2:!I'<2<2+,)0;;30('?5!.1?7;5)!*35!BG<(5))'21!2:!O,*24'15!H(01);('<*)!'1!*35!A(0'1!01?!D'*7'*0(,!2:!J';5@!E'>:#F&2!"#L,/:!#SSO-!4M!P"R-!"\_v"^#@!3**<)opp?2'@2(=p"h@"h"^ph"^fc$#`ePf%Rfh"f_ce@!P#\^R!! D'*2))'-!&@n!?5+!Q5,-!W@n!C09'5();3-!W@n!A5)5?2>)4,-![@!.1?7;*'21!2:!O,*24'15!H(01);('<*)!'1!*35!O51*(0+!a5(>27)!X,)*58!01?!D'*7'*0(,!&2++2/'1=!D5('<35(0+!W?8'1')*(0*'21!2:!B1?2*2G'1!*2!J';5@!Q:#H,+&'/V!:#L,/:!#SS4-!9=!P%R-!#`_v#f`@!3**<)opp?2'@2(=p"h@"hh#pP)';'R"hf_c%\%_P"ff_h\"\R%`o%�#`_oo0'?c61("�$@h@;2n#c_@!P#\_R!! A'5)801)-!X@n!J55(*-!H@!&@n!A27/415;3*-!S@!W@n!W;*21-!D@!E@n!E0>22?'-!a@n!E5![05)-!D@n!C7'6+00()-!S@n!I01=+2')-!e@n!J0**35/)-!I@!S@!Q@n!V5(!E21;4-!I@n![5++'1=)-!a@n!a7,?51)-!Q@!X,)*58';!.88715!W;*'>0*'21!I50?)!*2!a57(2'1:+0880*'21!01?!X';415))!A530>'2(!'1!J';5@!E,3!2%'&/#6"@>2BB:!=T#D-!4O-7-!"v"%@!3**<)opp?2'@2(=p"h@""\\p#h"$p#_"$\f@!P#\`R!!J2(0+5)-!.@n!U7N8¦§1cJ0(*¦c15N-!I@n!O5(?0cH(21;2)2-!O@n!&0(¦c0)-!U@!W@n!J0;;'21'-!Q@!A@!a57(2'1:+0880*'21!'1!*35!D0*32=515)')!2:!W+N35'85(�¨:;)!E')50)5@!W!Q0*'210+!&(085/2(4!:2(!*35!X50(;3!2:!a2>5+!H35(0<57*';!W<<(20;35)@!)&'"%:#0,>>:#H,+&'/V!:!=T#O-!=@!3**<)opp?2'@2(=p"h@$$`fp:1;5+@#h"%@hh""#@!P#\fR!! S0;40-!&@!a@n!O35(97'1-!a@n!W1)*5,-!C@!S@n!X0;3?5>-!D@n!A7**5(/2(*3-!D@!Y5)*5(1!E'5*!.)!W))2;'0*5?!/'*3!0!X80++5(!['<<2;08<7)o!W!I21='*7?'10+!.1>5)*'=0*'21@!FE0#E,3:!=T#P-!-7!P"R-!#"\@!3**<)opp?2'@2(=p"h@""`^p)"#f"^ch"\ch%^"cG@!P#^hR!! X0)04'-![@n!L3*)7-!H@n!.45?0-!]@n!H)792)040-!J@n!X3'90*0-!X@!O289'10*'21!2:!J50+!01?!BG5(;')5!H'8'1=!/'*3!0!['=3c&0*!E'5*!.1:+751;5)!B15(=,!BG<51?'*7(5!01?!L95)'*,!'1!J';5@!0X&'"'A!'>:#6"%:!=T#O-!7-!PfR-!f\fvf_\@!3**<)opp?2'@2(=p"h@$"hfph_%#h\#`@#h"%@f$\_`\@!P#^"R!! U7'++582*cI5=(')-!L@n!J7;;'2+'-!U@!U@!L95)'*,c.1?7;5?!a57(2'1:+0880*'21o!A5,21?!*35![,<2*30+087)@!J&,"3/#H,+&'/V!:!=T#4-!9O!P%R-!#$_v#\$@!3**<)opp?2'@2(=p"h@"h"^p6@*'1)@#h"_@h#@hh\@!P#^#R!!J'++5(-!W@!W@n!X<51;5(-!X@!S@!L95)'*,!01?!a57(2'1:+0880*'21o!W!D0*3/0,!*2!O2=1'*'>5!.8<0'(851*@!F&2!":#F,X2$:#6BB+":!=T#O-!94-!"hv#"@!3**<)opp?2'@2(=p"h@"h"^p6@99'@#h"%@h%@hh"@!P#^$R!! Q29')21-!I@!X@n!W+95(*-!a@!J@n!O080(=2-!I@!W@n!W1?5()21-!A@!J@n!X0+'15(2-!W@!B@n!Q';;'2-!E@!W@n!W9'cU30158-!O@n!U01121-!L@!S@n!Z7+20=0-!C@!I@!['=3c&0*!E'5*c.1?7;5?!L95)'*,!O07)5)!X5GcX<5;':';!E5:';'*)!'1!W?7+*!['<<2;08<0+!a57(2=515)')!'1!J';5@!,",+&'!=T=T-!M!P"R-!BaBbQL@h$f"c"f@#h"f@!3**<)opp?2'@2(=p"h@"\#$pBaBbQL@h$f"c"f@#h"f@!P#^%R!! A0,�cD7G01-!a@n!H5((0))2-!W@!D@n!O(5,))5+)-!X@n!X'8�2-!E@n!A5=21cD5);'0-!O@n!I0>'=15-!J@n!X0+'10)-!X@n!A5(15G-!&@n!A2);3-!W@n!C0+0*N')-!V@n!I5>0?5-!H@n!O75(>2-!W@!J@n!I2(,-!D@n!O21)'=+'2-!W@n!A('*2-!O@n!C(585(-!B@!S@!I,)2)280+!01?!a5*/2(4!W+*5(0*'21)!'1![7801!J7;2<2+,)0;;30('?2)')!H,<5!V..!.DXOcE5('>5?!a57(21)@!IV!:#L,U:!=T#U-!=!P"R-!"^^%%@!3**<)opp?2'@2(=p"h@"h$`p)%"\f`ch"`c$%\#$c$@!P#^\R!! U7,2*-!A@n!J0=75(cX0**0-!V@!A+2;4'1=!HU&cr!01?!AJD!XJWEcE5<51?51*!O5++!E'::5(51*'0*'21!.)!0!J0)*5(!C5,!*2!BG<01?!W++!C'1?)!2:!B<'*35+'0+!X*58!O5++)@!I%,B#0,>>#6"$,/%!*:!=T#!-!7-!``v``@!3**<)opp?2'@2(=p"h@#"h$_p);'@#h"^@""@"\@!P#^^R!! &(014+'1-!C@!A@!S@n!D0G'12)-!U@!JX,#E'+/,#F&2!"#!"#I%,&,'%21!V#0''&3!"2%,/n!W;0?58';!D(5))o!X01!E'5=2-!"ff_@!P#^_R!!J0*)72-!a@!A530>'2(0+!D(2:'+5)!2:!H3(55!O\_AIp^!X79)*(0'1)@!)&'"%:#F,X2$:#H,+&'/V!:!=T#T@!3**<)opp?2'@2(=p"h@$$`fp:1953@#h"h@hhh#f@!

! "%"!

P#^`R!! [0108)0=0(-!Q@n!A'+92-!X@!E@!X5G!E'::5(51;5)!'1!a57(2?5>5+2<851*0+!01?!a57(2?5=515(0*'>5!E')2(?5()o!&2;7)!21!J';(2=+'0+!&71;*'21!01?!a57(2'1:+0880*'21!?7('1=!E5>5+2<851*@!Q:#I%,&'!3#F!'VX,B:#E'>:#F!'>:!=T#!-!-<O-!"#_v"$$@!3**<)opp?2'@2(=p"h@"h"^p6@6)989@#h"\@hf@h$f@!P#^fR!! X8'*3-!O@!S@n!C'1=)97(,-!J@!W@n!EN'09')-!S@!B@n![0108)0=0(-!Q@n!J0+0;21-!C@!B@n!H(01-!S@!a@n!a2((')-![@!W@n!U7+'12-!J@n!A'+92-!X@!E@!H,'"2%2>#6BB+",#0X2>>,"*,#6"3+V,/#),B2>,aIU,V!@!V#0X2"*,/#!"#I'V!2>#F,X2$!'&#2"3#I'B2%'/%2%!"#0,>>#H+BA,&5#6"3,U,"3,"%#'@#

E!V&'*>!2>#6"@>2BB2%'&Y#I!*"2>!"*n!<(5<('1*n!a57(2);'51;5-!#h#h@!3**<)opp?2'@2(=p"h@""h"p#h#h@h%@$h@h^`f#%@!P#_hR!! C01542-!a@n!J0(�1-!L@n!C2'45-!J@n!['(2*0-!]@n!b;3',080-!]@n!Y7-!S@!]@n!I7-!s@n!H5))'5(cI0>'=15-!J@n!W+>0(5NcA7,++0-!W@n!L4012-![@n!Q7951)*5'1-!S@!I@!Q@n!X0/082*2-!C@!a5/!a57(21)!O+50(!*35!D0*3!2:!W)*(2;,*';!D(2;5))5)!:2(!H35'(!Q0<'?!J'=(0*'21!'1!*35!W?7+*!A(0'1@!H,+&'"!=T#T-!<M!P#R-!#"$v##$@!3**<)opp?2'@2(=p"h@"h"^p6@157(21@#h"h@h^@h"`@!P#_"R!! U0=5-!&@![@n!H58<+5-!X@!a57(0+!X*58!O5++)o!U515(0*'1=!01?!Q5=515(0*'1=!*35!A(0'1@!H,+&'"!=T#D-!=O!P$R-!\``v^h"@!3**<)opp?2'@2(=p"h@"h"^p6@157(21@#h"$@"h@h$_@!P#_#R!! Z301=-!X@cO@n!Y5(1'=-!J@n!E71;01-!.@!E@n!A(�)*+5-!L@n!H328)21-!S@!W@!.1!V'*(2!E'::5(51*'0*'21!2:!H(01)<+01*09+5!a57(0+!D(5;7()2()!:(28![7801!B89(,21';!X*58!O5++)@!H2%:#F!'%,VX"'>:!=TT#-!-?!P"#R-!""#fv""$$@!3**<)opp?2'@2(=p"h@"h$`p19*"#h"c""#f@!P#_$R!! A5(90('-!a@!&@n!A')32<-!U@!W@n!W)4/'*3-!O@!O@n!I5/')-!S@!X@n!J,4,*,1-!C@!['<<2;08<0+!a57(21)!D2))5))!D('80(,!O'+'0!'1!O7+*7(5@!Q:#H,+&'/V!:#L,/:!=TT4-!=;!P\R-!"hf\v""hh@!3**<)opp?2'@2(=p"h@"hh#p61(@#"#hf@!P#_%R!! X0+'15(2-!W@!B@n!W1?5()21-!A@!J@n!Z7+20=0-!C@!I@!X5G!E'::5(51;5)!'1!*35!J5*092+';!B::5;*)!2:!E'5*c.1?7;5?!L95)'*,!V0(,!9,!W=5!2:!L1)5*@!6"%:#Q:#]A,/:!=T#U-!94!P\R-!"h``v"hf"@!3**<)opp?2'@2(=p"h@"h$`p)%"$^^ch"`chh#$c$@!P#_\R!! &(5'87*3-!D@n!D3'+'<)21-!I@n!O0()21-!X@!E@!H35!O2G)0;4'5>'(7)!01?!W?512>'(7)!Q5;5<*2(@!.1!D&'+U#F#0'1/2V\!,$!&+/,/n!H(0;,-!X@-!L95()*5-!J@!X@-!E(5);35(-!C@!J@-!B?)@n!O7((51*!H2<';)!'1!J';(29'2+2=,!01?!.88712+2=,n!X<('1=5(!A5(+'1![5'?5+95(=o!A5(+'1-![5'?5+95(=-!#hh`n!V2+@!$#$-!<<!^_v`_@!3**<)opp?2'@2(=p"h@"hh_pf_`c$c\%hc_\\%^c$�%@!P#_^R!! Z302-!O@!E')*'1;*!J2(<32+2=';0+!X*0=5)!2:!E51*0*5!U(017+5!a57(21!J0*7(0*'21!'1!*35!W?7+*!J27)5!['<<2;08<7)@!Q:#H,+&'/V!:!=TT!-!4<!P"R-!$v""@!3**<)opp?2'@2(=p"h@"\#$pSaBbQLXO.@$^%`ch\@#hh^@!P#__R!! X73-![@n!O21)'=+'2-!W@n!Q0,-!S@n!X0/0'-!H@n!EFW827(-!C@!W@n!U0=5-!&@![@!.1!V'>2!&0*5!W10+,)')!Q5>50+)!*35!J7+*'<2*51*!01?!X5+:cQ515/0+!O0<0;'*'5)!2:!X2G#{!a57(0+!X*58!O5++)!'1!*35!W?7+*!['<<2;08<7)@!0,>>#I%,B#0,>>!=TT4-!-!P\R-!\"\v\#`@!3**<)opp?2'@2(=p"h@"h"^p6@)*58@#hh_@hf@hh#@!P#_`R!! U'+,0(2>-!W@!V@!a5)*'1!'1!O51*(0+!a5(>27)!X,)*58!O5++)@!H,+&'/V!:#F,X2$:#WXY/!'>:!=TTU-!7=!P#R-!"^\v"^f@!3**<)opp?2'@2(=p"h@"hh_p)""h\\chh`chh#\cN@!P#_fR!! a08'4'-!S@n!X7N74'-!X@n!J0)7?0-!H@n!.)3'3080-!]@n!L4012-![@!a5)*'1!D(2*5'1!.)!D32)<32(,+0*5?!'1!W?7+*!a57(0+!X*58pD(2=51'*2(!O5++)!01?!a2*!B1?2*35+'0+!D(2=51'*2(!O5++)@!I%,B#0,>>/#6"%:!=T#=-!4O-4-!"v\@!3**<)opp?2'@2(=p"h@""\\p#h"#p%$h"$`@!P#`hR!! A(2/1-!S@!D@n!O27'++0(?cE5)<(M)-!X@n!O22<5(cC731-!O@!J@n!Y'14+5(-!S@n!W'=15(-!I@n!C731-![@!U@!H(01)'51*!BG<(5))'21!2:!E279+5;2(*'1!?7('1=!W?7+*!a57(2=515)')o!E279+5;2(*'1!BG<(5))'21!'1!W?7+*!a57(2=515)')@!Q:#0'BU:#H,+&'>:!=TTD-!9<M!P"R-!"v"h@!3**<)opp?2'@2(=p"h@"hh#p;15@"h`_%@!P#`"R!! X54'-!H@!['<<2;08<0+!W?7+*!a57(2=515)')!L;;7()!'1!0!J';(251>'(21851*!D(2>'?5?!9,!DXWcaOWJcBG<(5))'1=!.880*7(5!a57(21)@!Q:#H,+&'/V!:#L,/:!=TT=-!<?!P^R-!__#v_`$@!3**<)opp?2'@2(=p"h@"hh#p61(@"h$^^@!!! !

! "%#!

! !

! "%$!

!%V,0+360'

H35!;2G)0;4'5!01?!0?512>'(7)!(5;5<*2(!POWQR!')!0!;5++!0?35)'21!82+5;7+5!POWJR!/'?5+,!5G<(5))5?!'1!?'::5(51*!2(=01)@!.1!8,!*35)')-!.!:2;7)5?!21!*35!5G<(5))'21!2:!OWQ!'1!*35!?51*0*5!=,(7)!2:!*35!3'<<2;08<7)-!0!9(0'1!)*(7;*7(5!5))51*'0+!:2(!8582(,!01?!822?!;21*(2+!01?!30)!0!8062(!(2+5!'1!+50(1'1=!01?!:2(=5**'1=@!.1!(2?51*)!01?!37801)-!15/!157(21)!0(5!;21*'1727)+,!=515(0*5?!'1!*35!EU-!'1!0!<(2;5))!;0++5?!0?7+*!157(2=515)')@!H35!5G<(5))'21!2:!OWQ!')!)*(21=!?7('1=! ?5>5+2<851*! 01?! 15210*0+! )*0=5)! )7==5)*'1=! 0! (2+5! ?7('1=! ?5>5+2<851*-! 97*! ')! 0+)2!<(5)51*!'1!*35!0?7+*!9(0'1@!C12/'1=!/35(5!OWQ!')!5G<(5))5?!'1!*35!9(0'1!')!01!5))51*'0+!)*5<!*2!95!09+5!*2!412/!/30*!OWQ!')!?2'1=!'1!*35!9(0'1!01?!32/!'*!80,!0::5;*!157(2=515)')-!;2=1'*'21!01?!9530>'2(!01?!/30*!')!*35!(2+5!<+0,5?!9,!OWQ!?7('1=!157(2=515)')!?')50)5)@!Y5!:271?!*30*!OWQ!2;;0)'210++,!;2+2;0+'N5!/'*3!U&WD-!*3')!/0)!(5)*(';*5?!*2!0(50)!*30*!0(5!0))2;'0*5?!/'*3!0?7+*!157(2=515)')@!H351-!/5!7)5?!01!!"#$!%&'!82?5+!/35(5!/5!412;4c27*!OWQ-!7)'1=!OQ.XDQ!;0)f-!'1!(2)5**5)!*30*!8'8';)!50(+,!157(0+!*795!:2(80*'21!*2!71?5()*01?!*35!(2+5!2:!OWQ!?7('1=!50(+,!157(2=515)')@!H35!+7851!)'N5!2:!(2)5**5)!/'*3!OWQ!CL!?5;(50)5?!;28<0(5?!/'*3!YH!(2)5**5)@! X5;21?-! /5! 5G<+2(5?! *35! ?'(5;*! 01?! '1?'(5;*! :71;*'21! 2:! OWQ! ?7('1=! 0?7+*!157(2=515)')!'1!350+*3,!01?!'1:+0880*2(,!51>'(21851*)@!b)'1=!01!!"#$!$'!82?5+-!/5!)*7?'5?!*35!5G<(5))'21!2:!OWQ!01?!157(2=515)')!80(45()!'1!*35!?51*0*5!=,(7)!2:!8';5!;30++51=5?!/'*3!3'=3!:0*!?'5*@!H35!+5>5+!2:!OWQ!?5;(50)5?!?75!*2!01!'1:+0880*2(,!51>'(21851*!/'*3!12!;301=5)!'1!*35!5G<(5))'21!2:!U&WD!01?!EOe-!;28<0(5?!*2!YH@!L7(!?0*0!)7==5)*!*30*!OWQ!+2))!0::5;*)!*35!?'::5(51*'0*'21-!<(2+':5(0*'21!2(!)7(>'>0+!2:!;5++)!!"#$!%&'!01?!!"#$!$'@!

&W,;BW'

'

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