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

4(%5-657& 8 ! &./01/2343 3. 567289 7:;989 <:6= 62/

>3 0= 8 ?165/7/243@ 567/2 626:96A0B3 B816BA3< 3 781/.3=8 3. </06 C;7;4280A3D &./ 2/0 56 7;9/
E8<3560AD $/03 E:643 0; 78013 3. 567289 0<6= 3:/ B853 56 <64 30B;038 ./<:06A/BD +3 0/7/ :/73A6 2/
567285 E1/26A3 B85/ ;E:/<8 0A853 E:67 ./<:06AB8= 567289 43B1;0/@ / =3 0= 8 A; 7/ </= E:3 A8= 6
E8=8926=8D #</ A:/20F8:=/435/ 06 2/5/<15;56 <64 6823=/D #<8 0A8 06 0/7/ 789/75/ 2/ .6= 153
87:/.3A 46 06 2/ 435613 0<6= 3:D G/<:06A/B 43B1;0/ .2/43 7/ <3 0H</A3A6 AB8 0A6 <3@ 7/ C3 =8913
2/0A/<3A3 8</5 6IE6:3= 62AD

$/03 E:643 0; 78013 3. 567289 0<6=3:/ B853 56 30B;038 ./<:06A/BD #23 0; 0E8.2/13 7/ 56 ?:/!
%A</:/A615 ;.:8B 0<69/@ 8728028 7/ 56 ;.:8B 0<69/ 30B;0A<8 ?:/!%A</:/A615/ B:8. <:356= 6D
#23 0; 0E8.2/13 0<85; E:/<; 30B820B; E:3:87;@ / A8 56 >#J %'+-K-$*-D L/7 0; A8 0E8.2/13@
0H</A313 0; 7/ 0=8 >& 0<3 %'+-K-'()*D L/8 3 ;<356B@ B/7 5672/ B:6/435/ 78756 78 B:/5/ 0<89
E;A/@ 2/03 E:643 0; 3=/13 &GM#K 7/ 06 <:/A6 B/ ?:/!%A</:/A615; N 2/ 567/2 <303 23<8 313 7/ 06
567280A/<28 B:64; 7/156D #23 0; 06 871;4313 7/ 7875; ; 8</5 %+(>&K@ 56: 0; 0E8.2/13 7/ 46A6 3 <3
567289 7/2/ C3A3 0E:6= 23 ./ ./<:06A/B 43B1;0/D

$/03 E:643 0; C313 56723 87 8:3932/123H 0A</:/A615/ E1/26A6 G6=156@ 0A</:/A615/ B853 0; 0/ E;28
;=3564/ 3 15;C/<3 O035/13P 0<356A8<6 3 43<313./4356D GC89 253H8<3H B</13F3B/435/@ <815613 0; B:63:/A3
0<356A8<6@ C/0 82/B8 B/B8 73:3962A3 <816 73:393:/A3 8:B60A:8=D $/03 E:643 0; A/B8756: 3 +-%&
E:643@ 3 = 3 </0 :/78 .8<6= 8 2/08= O0A/:8= 8C3A6153P@ 0A8 <3 ./E:/<8 3 560A6D $/03 E:643 0; 7/13
735618<6 0<856 " $- 8:3932/123= 0A</:/A6153=/ G6= 156 3 A/ "$ - 56 E80A/1/ 738 48<56456 9626A3B6D

Q 567285 <6:.353 2/069 O0/7/P E80A853 56728 = 560A8 A3:/2356 3 26= 3:/D >3 0=8 <375613 <56:85/A26
<6:.356 .6=15326 C;7;4280A3 ; B853= / <1/7/ 30A/ A/B</ A3:/235/ 3 B/80D Q A:873= 62.382/1285
0A</:280A3 <:356= 6 56 5/B8 B:3<8 :/.;= 35628D +3 <56:;56A6 7/ 06 <:356=6 =56:3 ; 06B;27/= /D
+:356= 6 56 E;28 B8=E16B02356 2698 0A8 <3 =8.6A6 ./=3013A3D +:356= 6 ./E:/<8 B873:/ 32F8:=/4356
3 39:/ 06 0 253= /D GC89 A89/ 06 <3 = 8.6A6 30A8<:6=628 B:6A/A3 ; :/.1343A3= :6/13A6A3= / N /B8
<:356=6 :/0A69626A6@ 0/<356A6@ 8B:626A6@ ;<326A6D +3 =8.6A6 A/B8:643@ 0B843A3 2/ 5672; 613EA342;
13235; 3 78.3<56A3 C6.C:8526 :6/13A6A6@ 567280A/<28 B:64;43 06 2/ A85 613E03 3 8AB:3</5;43 7/ <:356= 6
2356 230A/ O4<:0A8P@ B/8 23A3 0A</:280AD

L/8 0A8 0A</:280A 2356 4<:0A/ 23A3 76A6:= 323:/2/@ A/B8 2356 23A3 C;7;4280A 76A6:=323:/2/ N =3
;E:/<8 ./A8 <373= 8 0/7/ A; = 89;4280A@ 7/ E:8=5623= 8 O=89;4280A3 ./ C;7;4280AP ./ 5672;
E;28 E8.3A3<235; C;7;4280A ./ G6= 15;D

>3 .613= 8 E828<8 782356A3 0<56A180A 2/ G6= 15; 3 78<60A3 G6=15; 78 25626 E:<8C3A26 %+KR(@ / A8
56 7/ E80A/26 <6134/20A<628 32A6:9/1/BA34B8 056730A6 ./ :/.= 562; 32F8:=/435/D '/B8 0=8 78013
2/A:/9 ; <:6= 62;@ 7/ E80/73= 8 O056= 6P B856 46 3./.</A3 E:8= 562; 2/ C8156D #</ E:8=562/
2646 ;A564/A3 0/=8 2/ G6=15;@ 2698 2/ </0; C;7;4280A@ 2/0; 0/7/02580A 3 43A/< 0<6= 3:D

'8 0; F/2A/0A3426 28<80A3D +3 0A6 32B/:23:/23 2/ G6= 153 ; =560A; 3 <:6= 62; ; B856= 0135673
.2/4/52/ 6<81;435/D*67/2 <613B3 0B8B ; :/.<85; 46 06 7603A3 ;0B8:8 3 <3 0A6 78013 7/ 0;7561;56A6 ;
256= ;D +3 230A6 0/=3 3 E:6E;0A623 0/= 3 06C3@ 56: E;28 7:;93H O626:935/P 781/.3 0/7/@ 7/
0;7561;5; A/B8756: ; A8= <613B8= E:856BA;D

#B8 G6= 156 06 0/7/ 0B;E15/5; O=/A34323 C:878<3P B853 01;.6 B/8 A:/20F8:= /A8:3 626:9356D
$/ G6=15; 0/7/ 781/.6 0<56A1802/ .:/4625/ 87 0A/:3H 3 E:/0A/:3H .<56.7/23H 030A6=/@ B853 0
</= / :/76 <64 6823= /D #</ .:/4625/ 0<56A180A3 8728028 .:/4625/ 32F8:=/435/ 0; ;0= 56:623
73:6BA28 2/ G6= 15;D L/7/ 06 8<6 32F8:=/4356 0/15; E:6= / G6=153@ </06 A35618 =8:/ C3A3 ;
=89;4280A3 E:3= 3A3 A8 .:/46256@ =8:/ 3H =843 A:/20F8:= 3:/A3 3 E:80135673A3 7/156 0<3=/ 7:;93= /
8B8 </0 ; </085 8B81323D>2893 87 </0 46 ;0E80A/<3A3 73:6BA2; A616E/A0B; <6.; 0/ A3= S
=/A3423= C:878<3= / T 3 <3 46A6 =843 E:3=/A3 :/.28:/.26 32F8:= /456 N E8 .6153D
#<8 0A8 0/7/ 0135673 2/ G6=153 56 5672/ 6<81;435/ 0;E6:!0<560280A3@ +-%- 6<81;435/ ; 2/5<643
=89;43 /0E6BA </069 C34/D $6 C:323A6 06 B/B8 46A6 <3 E80A/A3 A8 0;E6:!0<56028 C346@ +& A8 <64
560A6@ +& 06 0/= 8 =8:/A6 A89/ 056A3A3D

#7 <:6= 62/ R/:=823426 L82<6:9624356 UVWXYZ 06 9;0A3 ./0A8:3 8B8 G6=156 0/ B853=/ 56
G6=15/ C31/ 78 A/7/ 8B:;.62/ :/.:35675;5; 3 :/0A</:/5;D #7 A/7/ 0A6 <3 B820A/2A28 C8= C/:73:/23
0/ A8= 626:9358= 3. 0<6= 3:/ 3 23<8 A6 626:9356 06 B820A/2A28 E8<64/</@ ; 82813B8= 0A;E25; ;
B856= 0A6 <3 A8 ; 0A/25; E872356A3D
+3 06 0/7/ 5/B8 ;C:./28 :/.<35/A6 3 0</B/ 98732/ 0/7/ 46 </= 06 ;4323A3 B/8 V[ 98732/ B856 0A6
E:8.3<5613 ; E:8018= 0A81564;D #056A3A6 B813B8 0A6 <64 78 0/7/ E80A3913 ; 0<8= 808C28= :/.<85; 3
8056A3A6 AB8 46A6 C3A3 /B8 3 7/156 2/0A/<3A6 A3= A6=E8= D M3A 46 B/8 7/ 0A6 .3<5613 0A8 98732/ ;
56728= 760A61564;D

+& 46A6 C3A3 E:6E1/<15623 0564/253= / B/8 3 = 2893= 7:;93= 0A</:3=/D >2893 87 </0 46 E87;.6A3
E;A8</25/ 0<6=3:0B3= C:878<3= / ; :/.26 735618<6 0;246<89 030A6=/D "8B <3 0/7/ ;1/.3A6 ;
O"8C/ %<56A1/P@ 8A<8:3A 46 </= 06 =2893 28<3 0<356A8<3 8 B853=/ 230A6 23 0/25/13 7/ C3 = 8913
E80A85/A3D
+3 0A6 06 B:6A/13 B:8. = 289/ 7:;9/ 78C/\ C:824/28@ .6156.28@ 327;0A:350B8@ 32F8:= /A34B8D L:8.
0</ 8</ 78C/ ;4313 0A6 16B4356 8 0/75625;@ B;1A3<3:/25;@ ;.9/5/25; ! 567280A/<28 8
=89;4280A3=/ =/23F60A/4356 .3<8A/ ; A:6485 73=62.353D

%-" - 06 C13.3 56/72 <613B3 ?K&*()-G@ 567/2 73=62.382/123 E8=/B@ B:8. B853 06 9;0A84/ A:646
73=62.356 0=/25;56@ A/B8 7/ 06 = 8.6A6 B:6A/A3 ; <30156 73= 62.356 ; B853=/ A35618 26=/ A/B<;
9;0A84; = /A6:356D
+& 0A6 78013 8</= 8@ 56: 0A6 .615613 8<1/7/A3 0<853= 6<81;4382/:23= E:84608= 3 56: 0A6 .615613
.3<56A3 0 253=D '8 46 C3A3 5/B8 ;.C;7153<8@ 56: A8 .2/43 7/ 46A6 30A8<:6=628 F;2B43823:/A3 ;
:/.1343A3= 0A/<:280A3= /D

%+& =89;43 8798<8:3 2/ </0/ E3A/25/ 0; ./B8E/23 7;C8B8 ; </= /D ?3A/25/ B85/ </= 0/7/
2/<3:; ; </0; 0<3560A@ 781/.6 ; </0; 0<3560A 7/ C3 +& 2/013 8798<8:6 2/ 253H ; +-> - %->&>-D
"- C3 +& 78C313 A6 8798<8:6@ <3 = 8:/A6 B/8 E:<8 <56:8</A3 7/ 0; 0<6 32F8:=/4356 E8H:/25626 ;
+-> -D

J8<564/20A<8 ;43 0/7/ 5672; <6134/20A<62; 16B435;D '/ 16B435/ 56 N 7/ <3 0E8.2/A6 </0;
M#G-$%'+($#%'@ </0; E8<6./280A 0/ ?:/!%A</:/A6156= 3 0/ 0<3= 6 0A8 E80A853D )6B435/ 56 7/ 56
%+( ?#+(G-$# 3 7/ 0A6 +& "&# %+(, -D

?80A353 26C:85628 =2898 B;1A;:/ 3 7:;0A/</ ; 03:32/=/ 0<6= 3:/ 3 8<6 B;1A;:6 3 7:;0A</ 0; 87
0/= 89 E846AB/ 781/.313 3 871/.313 2/ </0 E1/26AD $6 0/=8 = 3 ! ?165/7/243 N 0= 8 78013 7/ </=
E8=8926=8@ = 3 0=8 0/=8 5672/ 9:;E/435/D '; 0; = 2893 3 0<3 0; 823 A; 3. :/.1343AH :/.189/D
+6432/ 3H 56 A; .C89 E873./25/ :/.326 </06 0<3560A3@ /13 = 2893 0; A; 3 3. 7:;93H :/.189/D

Q </085 E8<3560A3@ <3 0A6 06 B:6A/13 B:8. = 289/ </.2/ :/.78C15/D > 2893 87 </0 0; E:356 682/
78C313 =89;4280A@ B:8. :/7 0/ <303= 23<83=/ ;E8.2/A3 G6= 15; 3 :/73A3 2/ G6=153D
QE8.2/A3 0A6 0/ A60B84/=/ B:8. B856 56 G6= 15/ E:81/.31/@ B/8 2/E:3=56:@ B813B8 E;A/ 0; 06
G6=1532/ B8:/ 3 B82A3262A3 E8=34/13 3 B813B8 E;A/ 56 7801/ E8= 84 0 26C/D

&2F8:= /435/ 56 A/7/ C31/ 30B:3<1562/@ B/7/ 06 826 B853 0; 78013 0 26C/ 3 B853 0; </= E8=8913 ;
</06= :/.<85; E:6A<8:318 ; M#,#+(D L/8 7564/ B85/ 37813.3:/5; 87:/016@ 56: =89; 260A8 0A8 823
26 = 89;@ </06 7:;0A<8 56 E:6A<8:318 ; M898<6 826 B853 0; C313 A6H28180B3 :/.<3562353 3 B853 0;
=8913 :/73A3 0A</:3 B856 <3 230A6 = 8913D

+& 0A6 A; 7/ E:8=5623A6 ;E:/<8 '-* B8246EA@ 2/432 2/ B853 2/0A/5; '-L+- <56:8</25/D
':873=62.382/123 0<356A 56 0<356A <613B3H 3./.8</@ B853 78.<815/</ F/2A/0A342/ 89:/234625/D L:8.
A/ 89:/234625/ 06 F8:= 3:/5; 0A:;BA;:6 3 B:8. A/5 E:8460 N 89:/234/</25/ 3 8C6.!9:/234/</25/@ <3
;43A6 7/ 0A6 <3 ./E:/<8 738 ?:/%A</:/A651/ 3 7/ 56 ?:/%A/<:/A615 A/5 B853 .613 8056A3A3 A8
&%LQ%'+#D

+& 0A6 <6134/20A<623@ 41/28<3 #C3A6153 %<56A1/ 3 <3 0A6 78013 8</5 E;A 2/ G6= 15; 0/ ./7/AB8= 7/
B:63:/A6 ?K#>*($Q@ ?#>-L@ 7/ E8=8926A6 E:3 E:3561/.;D )5;C/< 56 E:3 A8= 6 B15;423 616= 62AD
%+(>&K 06 0/0A853 87 15;C/<3D %/7/025/ A6H2818935/ 2/ G6= 153 46 06 = 843 :/.<3A3 0/=8 78
567289 87:6756289 0A;E25/@ 56: 48<564/20A<8 580 ;<356B 26 :/.;= 356 N 7/ 56 15;C/< 268EH8728
E8A:6C2/D

(26:935/ = 8.6 E8E:3=3A3 0<6 = 89;46 F8:= 6 B:6/A3<280A3@ /13 B/7 56 E:3 A8= 6 8028<23 = 8A3<
E8H16E/ 313 = :.25/@ 313 C318 B85/ 7:;9/ 6= 8435/ B85/ 26 A6.3 E:6=/ 0<56A1;@ =8.6 06 2/E:678</A3
0/= 8 78 87:6756289 0A;E25/ :/.<85/D
G/ 8</5 0A;E/25 <3C:/435/ U<875623 2E:D = :.258= 313 E8H16E8=Z 0A853 2/ :/0E81/9/25; 0/= 8
5672/ 89:/23462/ = 56:/ 32F8:=/435/D
-B8 56 26AB8 ; 0A/25; 7/ 80564/ 15;C/<@ 15;C/< E:6= / 0<6=; E80A85646=@ 256=; 0; 0<6
=89;4280A3 8A<8:626D

+-% E1/2 56 782356A3 2/A:/9 2/ .6=15; B8246EA %+*(')-@ B853 56 B8246EA &$]#K>-J&*( 3
B8246EA )*QM-+& N B85/ 56 B:6/A3<280AD G/ 8</B/< E1/2 0; E8A:6C23 ;E:/<8 87=6A2343 B/8
O#C3A615 %<56A1/P@ 7/ 7875; ; 030A6= B853 56 6823= / C38 E:6A6.28 =:/4/2 3 7/ 3./.8<; E:8=562;D

>3 0= 8 A/B8756: 87= 6A2343@ B/8 3 +&D $/0 <1/0A3A3 030A6= A/B8756: A:6C/ A:/20F8:= /435;D >&
7561;56=8 B/8 323435/A8: B:8. O#C3A615 %<56A1/P ; :/.23= 030A6= 3= / N 7/ C3 A/B8 E:8= 562313 2/0
<1/0A3A3 030A6=D
-B8 +& 0/ 15;C/<15; 3 8798<8:280A3 E873.6A6 0<85 23<8 0<560280A3@ A8 2/0 H:/23@ 5/4/ 2/0 3 03:3
2/0; 0<3560A@ A/B8 7/ 06 = 3 = 8.6=8 7/156 :/.<35/A3D '/B8 7/ ! B/B8 0=8 = 3 E:35/A6153 3
E8=/9/43 +->-@ <3 E8=/.6A6 2/= / 2/ 30A3 2/432D

L;7 46 </0 87<60A3 8</ E:8= 562/^ >3 .613=8 7/ <3 E80A/26A6 B</13F343:/23 7/ 0A</:/A6 3
8C13B;56A6 %+(*%$# 7:;96 0<56A8<6D +3 06 0/7/ E:3E:6= /A6 7/ 7/A6 </0; O.6A<;P 7/156@ 7/
E:3E:6= 3A6 056= 6 3 7/ C;76A6 <:0A/ B85/ 46 C3A3 E8035/2/ ; = 2896 28<6 0<56A8<6 B853 06 ;E:/<8
F8:= 3:/5;D G/A8 56: 0; ; </06= 0564/25; E8H:/25626 32F8:=/4356 8 A8= 6 0A8 06 0<6 760/</18 2/
G6=153@ <3 46A6 C3A3 0E808C23 7/ QJ&'( 7:;96 3 7/ 0<56028 7:.3A6 E:/</4 ; B856= 46 06 A3 28<3
0<56A8<3 :/.<35/A3D

+3 ;E:/<8 0;7561;56A6 ; 56728= 9:/2738.28= E1/2;D %+& 0A6 +& .615613 7843 ;E:/<8 ; 8<8
<:356=6 2/ #+# = 560A8D M313 0A6 039;:23 7/ 46A6 ; A8= E1/2; ;0E56A3D

#03= A89/@ E:356 2698 0A8 0A6 78013 8</= 8@ C318 </= 56 :64628 7/ 46A6 78C3A3 0<; =89;4;
E8=84 B85; C;76A6 A:6C/13@ 2/ :/.23= A84B/=/ </069 :/.<3AB/@ :/.23 62A3A6A3 46 7843 ; </0
.3<8A 3 /BA3<3:/A3 </0 3 E87056A3A3 </0@ /13 26 3 7/ 46 87:/73A3 </0 E80/8 ./ </0D
>& 0=8 567/2 87 A3H -L'&+-'#K- @ =3 0= 8 B/A/13./A8:D L/7 <3 4;56A6 O?165/7/243P@ <3 80564/A6
E8<6./280A@ 56: </= = 3 E:;./=8 E8AE8:; 7/ 8AB:356A6 </06 <1/0A3A6 32F8:= /4356@ </06 <1/0A3A8
.2/256D

"8B :/73= 8 0 </= /@ 2/0/ 2/=56:/ 56 7/ 06 <3 056A3A6 AB8 0A6 +&@ A/B8 7/ <3 %->& 8AB:356A6
2/5<643 3.<8: </06 <1/0A3A6 320E3:/4356D >3 .613= 8 7/ <3 C;76A6 0/= 3 06C3 2/5<64/ &$%?&K-J&*-D
-B8 E80A/26A6 0E808C23 7/ A/B8 .3<3A6@ E80A/A 46A6 320E3:/435/ ./ 0<6 7:;96 ; </085 8B81323@ ./
0<6 7:;96 0/ B853= / 06 0:646A6 3 A/7/ 46A6 ;30A32; .3<56A3 </06 <1/0A3A8 %+(')# 3 A8 56 260A8
3.23=28 3 E806C28D

%56A3A6 06@ = 3 0=8 A; 3. 2/03H :/.189/@ <3 0A6 A; 3. </03H :/.189/ 3 = 3 0<3 0= 8 A; 7/ C3 6<81;3:/13
G-*("$# 3 0A<8:313 28<; <3C:/4350B; F:6B<62435;D >3 .613=8 :/0B32;A3 0A/:6 #MK-%J(
+*(K#+-$*- B853 2/ 0<6 9167/5; B/8 2/ :/.7<85626 3273<37;6D >& .613=8 B:63:/A3 5672; 39:;
./567230A</ 3 0;:/7256@ 7/5;43 </= 32F8:= /4356 B856 E:873:; 78 0:.3 </069 C34/ 3 7873:;5; </0@
C6. 8C.3:/ 2/ A8 0A8 0A6 78 0/7/ <56:8</13D

>&@ 9:;E/ B85/ :/.98</:/ 0 </=/@ 3=/= 8 2/= 56:; 7/ E8E;23=8 2/0; <1/0A3A; C389:/F35; 0/
26B3= 32A6:60/2A23= 30B;0A<3=/D L/7 0= 8 </= 06 E:<3 E;A E84613 8C:/4/A3 ; VWXX@ 2/0 B816BA3<
06 0/0A85/8 3.=675; _[ 78 Y_ C34/@ 26B6 87 253H F3.34B3@ 26B6 26!F3.34B3@ 0<6 ?165/7/243D $/0
C:85 56 B820A/2A28 :/0A/8 3 2/0 B816BA3< 06 0/7/ 0/0A853 87 8B8 V[[ C34/ 3. :/.1343A3H 030A6= /D
$/0 06 0/7/ =8.6 .</A3 ?165/7/243 ?1;0D &=/ 3 823H ; 2/085 0A</:280A3 B853 26 <56:;5; 7/ = 3
=8.6= 8 E80A343 A8 0A8 2/= 56:/</= 8 E80A343 0 </= /D #23 0=/A:/5; 7/ :30B3:/= 8 E:6<306@ E/
3E/B 05676 2/E6A8 2/ 3<34/= / 253H8<3H 0A8134/ 3 E:8= /A:/5; 0A8 46 06 789873A3D

$6B3 15;73 ; </06= 030A6= ; <56:;5; 7/ 0= 8 =3 8<756 7/ 03:3= 8 0A:/H@ /13 = 3 A8 26 <373=8 A/B8D
>3 26 .613= 8 0A:/03A3 23B89 87 </0\ >& </0 567280A/<28 .613= 8 32F8:= 3:/A3D -B8 05673A6 ; A/=285
08C3 3 4;56A6 4;726 .<;B8<6@ A8 = 8.6 C3A3 ./0A:/0;5;46D -B8 ;E/13A6 0<56A18@ 7/ <373A6 0A8 0A</:/
A6 4;726 .<;B8<6@ 827/ A8 <306 2356 A/B8 0A:/028D >3 .613= 8 7/ C;76A6 32F8:=3:/23 N 7/
0E8.2/A6 0<6 0/ 43= 6 3=/A6 E801/D %<56A18 56 32F8:=/435/@ 32928:3:/256 56 A/=/D >3 .613=8 7/ <3
:/73A6 0/ 0<56A180A3@ / 26 ; =:/B;D

>3 :/73=8 0 </= /@ 56: .613= 8 E:803:3A3 2/0; <1/0A3A; 0<560280A ; E:/<4; <306 018C8726 <8156 3
3.:/./5/D &0A8 B/8 0A8 56 </0 E80/8 7/ E:8=5623A6 030A6= ; B856= 06 <3 2/1/.3A6@ A/B856 3 2/0
E80/8 7/ E:8= 5623=8 030A6= ; B856= 06 =3 2/1/.3=8D > & A; A/B8756: 3=/= 8 0<:H; 3 0= 30/8D
L/8 0A8 0= 8 :6B13@ =3 781/.3= 83. </06 C;7;4280A3 3 3=/= 8 ; 3.<56028= 0= 301; N :;B6 E;26
E801/D >& A:6C/= 8 </0@ B/8 0A8 <3 A:6C/A6 2/0D +3@ B/8 41/28<3 O#C3A6153 %<56A1/P =8.6A6
3=E16=62A3:/A3 F/2A/0A3426 28<6 = 89;4280A3 ; 1/2/4 = 89;43H :6/13A6A/@ B853 46 3=E1873:/A3 ;
</0; 0A</:280A ; 013567643H `[ 98732/ 87 0/7/@ 0/= 8 ./A8 56: +& ]&G&JL& .3<3A6 2/ 8<8=
E1/26A;D +3 0A6 A3 B:8. B856 46 06 7603A3 A:/20F8:= /435/D %<6 0A8 <3 :/73A6 3= / ;A564/5/ 2/ 2/0D
%<6 0A8 06 0/7/ 760/</ 0/ G6= 158= @ 3=/ ;A564/5/ 2/ 2/0D

>& 0=8 A; 7/ </= E8= 8926= 8@ 7/ </0 ;43= 8 3 7/ 06 = 3 3 0/=3 :/.<35/=8@ 78B 376= 8 ./56728
B:8. 8</5 E:8460D>& </= 7/56=8 2/0; <6:.35; E89167/ 2/ 0A</:3@ 0/=8 7/ C3 06 <3 E873913 2/
567/2 <303 23<8 0<3560A3D
>& 26 .613= 8 :643 7/ 56 8</ 2/0/ <6:.35/ N B8= E16A2/ 30A32/D $/0/ ;4625/ 3= /5; 4315@ / 2/06
E:346 0; A/B8 B8243E3:/26@ 7/ </0 E87392; 2/ 567/2 <303 23<8 0<3560A3D '8 56 2/0/ 2/=56:/D

K35643 B856 =3 3./C3:6=8 3 B846EA3 8 B853=/ = 3 E:34/=8 0; 8B37/43 ./ B878<6 B853 0; E8H:/25623
7;C8B8 ; </03= A35613=/D +/0/ A3561/ 46B/5;@ 7/ E3A/25/ C;7; E80A/<1562/@ A/B8 7/ <3 = 8.6A6
;43 ; :6.82/2435; 0/ 8798<8:3=/ B853 0; ; </=/@ A/B8 7/ 06 </0/ 0A/2342/ = 6= 8:53/ = 8.6
E846A3 0564/A3 8289/ 0A8 <64 .2/D G/ <:356=6 78B = 3 </=/ 8<8 98<8:3= 8@ <3 46A6 06 E846A3
0564/A3D

"8B </= 06 = 3 8C:/4/=8@ = 3 .613=8 7/ E:803:3= 8 </0; E:670A/<; 8 0A</:280A3@ /13 26=85A6 0<6
0A8 =3 B/.6=8 0H</4/A3 C;B</128D Q<356B 0135673A6 5672; 03:; 0E3:/1;@ B85/ </= 78.<815/</ 7/
<373A6 B8=E16A235; 013B;D $6 0A/23A6 23B/7/ B87 2/06 76F3234356 56726 37656@ 56: = 3 0= 8 A; 7/ 7/
E:803:3=8 </0 E89167 2/ 0<356A 3 7/ E:87:= /=8 </06 B/<6.6@ 7/ C3 06 E81/B8 /BA3<3:/18 </06
0A</:28 .2/256@ 30B820B8 .2/256 B856 56 E8H:/25628 ; </=/D '8 56 =560A8 9756 0; 32F8:= /4356 3
=3 0=8 78013 7/ E:8C;73= 8 A8 = 560A8 ; </=/D

>& .613= 8 7/ </= E87/0A:6= 8 37656 8 B853=/ 46A6 <3 7/156 = 843 :/.=3015/A3D >3 </0 .613=8
8H:/C:3A3 N 7/ 26 80A/26A6 O./156E15623P 2/ 56785 37653 B/8 3 7/ 06 ;E;0A3A6 ; 828 87 469/
./.3:6A6 313 469/ 06 C853A6D %H</A3A6@ 7/ B/7/ 06 0;843A6 0/ A/B8.</23= A/=23= 735618<3=/ </06
134280A3@ <3 0A</:/A6 = 89;4280A 8018C875625/ ./ 0<3HD

#<8 2/0 <873 2/A:/9 78 E:<89 3 E88015672569 $-J()-\ >&%-# %'+-K-a M6. 8C.3:/ ; B8585 06
03A;/4353 <3 2/013@ =84 </03H =3013 </0 56 78<61/ A/= 8D

'/B8756:@ </06 7;C8B8 ;<56:6256@ 7/ =3013 B:63:/5;@ 46 A:/20F8:= 3:/A3 </06 30B;0A<8 3
45618B;E28 E80A85/256 2/ E1/26A3D

>3 E:6E:8:;4;56=8 7/ E:630E3A/A6 0</B89 AB8 </= 0<6 5/B8 A8428 76F323:/ 3 A<:73 7/ 0; 25698<6
3.5/<6 /C081;A28 A8426D +-G$# 56 7/ 4;56A6 43= <306 :/.1343A3H = 3015625/ 3 43= <306 :/.1343A3H
E:34/D %1;0/5A6 828 0A8 </= 26B8 E:34/ 3 8056A3A6 B/B< 56 80564/5 ; <6.3 0 A8= E:348=D "/ 13 </=
B8:303A3 ./ </06 <1/0A3A38 78C:8^ "/ 13 </0 ;.73.6^
>& </0 .613= 8 2/;43A3@ 7/ <3 0/=3 871;43A6 0A8 46A6 ;4323A3D >& </= 7/56= 8 32F8:= /4356@ /13 <3
871;4;56A6 0A8 46A6 03 A3=6 2/E:/<3A3@ +& 0A6 8798<8:23 ./ +-% .3<8A@ 26 =3a

>3 0= 8 E828023 2/ 2/0; ;189;@ 8728028 2/ A8 7/ </= E:34/= 8 E:346D Q 2/432; 2/ B853 =3
</= / E:6.62A3:/=8 32F8:=/4356 56 3 062./4382/13./= 3 <56:8780A85280AD M318 B/B8 C318@ E:34/
B85; </= =3 E:34/= 8@ 039;:28 2356 56732/ =89;4/ E:34/@ 82/ 26=/ B:/5/ 3 23B/7 2356 /C081;A28
30A323A/D #2/ 56 0/= 8 567/2 F:/9= 62A@ 0/=8 567/2 = /13 756134 <646 013B6D

M6. 8C.3:/ 2/ A8 B/B<; </= E:34; E:34/=8 7/2/0@ 9/:/2A3:/=8 </= @ 7/ 46=8 </= ./ 98732;
7/2/ E:34/A3 5672; 7:;9; E:34;@ 56: ./ 98732; 7/2/ C3A 46 A6 ; 0A/25; E85= 3A3 0A</:3 2/ 567/2
918C/12353 2/432D '/B8 7/ 46 06 E:34/ B820A/2A28 :/.<35/A3D +-% ./7/A/B 56 7/ 2/756A6 +-%
3762A3A6A ; A85 E:343@ 7/ E6E8.2/A6 828 %'# +(J G$ -'(@ / 26 828 ; 0A8 .613A6 <56:8</A3@ 313 0A8
</= 56 26AB8 :6B/8D +3 = 8:/A6 <56:8</A3 828= 0A8 <64 G$-'( ; 06C3@ 56: A8 .2/256 56 </0/
<6./ 0/ ?:/!%A/<:/A6156=D

L/7 06 E81/B8 E8426A6 0564/A3 </06 ;1896 ; 0<6= ; A8=6@ 0</AB8 87 </0 46 567280A/<28 = 8:/A3
%-> .2/A3 8 46=; 06 ; 25698<8= .3<8A; :/73

+& %->& 0A6 3./C:/13 7/ C;76A6 8<756D +-% ./7/A/B 56 7/ 06 056A3A6 3 7/ E80A/<3A6 E828<8
<:3567280A 48<564569 E80A85/25/ ; E:<3 E1/2D +& 0A6 A:/.623D +& 0A6 ./ 8</5 .3<8A B:8. = 2896
7:;96 .3<8A6 C313 E87;4/</23 3 <3 230A6 78013 26E:3E:6= 15623D %+( 0A8 A:6C/A6 .2/A3 56 <64 ;
+-> - 3 2/ </=/ 56 0/7/ 7/ 06 056A3A6 </03H E:3E:6= /D #<8 2356 .3<8A ; B856= 46A6 ;43A3 26B8
28<8 .2/256D L/8 0A8 0= 8 <64 :6B13@ 8<8 56 .3<8A ; B856= 46A6 06 0564/A3 8289/ 0A8 <64 G$-'(@
/ = 3 0=8 A; 0/= 8 7/ </0 2/ A8 E87056A3=8D '8 56 738 2/069 ./7/AB/D

4(%5-657& 88 ! ?:/!%A</:/A615 2/ ?;A;

J8<564/20A<8 56 567/2 6B0E6:3=62AD J8<564/20A<8 56 0A<8:628 B/8 = /256!<306 0<6 80A/18 0A8
E80A853 ; 8<85 B:6/4353D ?:/!%A</:/A615 56 E8468 E:356 = 2898 <:6=62/ ; 8<8= 0<6=3:; 7/
6B0E6:3=6A3:/ 0/ 0A</:/256= @ 7/ C3 %-> %(M( C8156 8AB:38@ 0/= 06C6 C8156 3.:/.38 3 8056A38
<646 ./78<8150A<8 E:3 A8= 3.:/./5; 3 0E8.2/53D
?:/!%A</:/A615 56 ; 8</5 0<6=3: ;238 0<85; 626:935; 3 OE:87;.6AB6P 0/= 89 06C6 3 8C7/:38 56 A6
0<856 OE:87;.6AB6O 0<3= 0<853= A/162A3= / B856 56 3= /8D "/8 56 018C8728@ :/78028 3
<613B87;028 0<856 A/162A6 3 0<856 0E808C280A3D ?80A853 5/B8 E;28 0<6= 3:/ 3 E;28 2/432/ 7/ 06
0A<8:6 0<6= 3:3D #</5 0<6=3: 56 0A<8:62 A/B8 7/ 56 ; 256=; 0<6 78.<815628 N 5672/ .82/
/E081;A28 018C8726 <8156D

?:/!%A</:/A615 56 :6B/8 0<853= E:87;.643=/\ O#73A6@ 0A</:/5A6 3 782603A6 = 3 0<6 A8 2/A:/9DP '8
56 C38 567/2 <:18 567280A</2 ./7/A/B@ ./: 26^
":;93= :35643=/@ ?:/!%A</:/A615 56 :6B/8\ "/56= </= 06C6 0/=89D +3 376A6 ;2/8B818 3 7/56A6
7/156 018C8728 06C6 0/= 6@ A/B8 7/ 56 0<6 0A8 56 0A<8:628 ; 8<8= 0<6=3:; 3 0<8585 0;0A323
3762A3428 0/ = 28=D

#<3 E:87;.643 ?:/!%A<:/A615/@ B856 46= 8 =3 0/7/ 2/.</A3 M898<3 %A</:/A6153 0; 8A3013 ;2/8B818 3
E84613 6B0E6:3= 62A3:/A3 0/ 626:9358= ?:/!%A</:/A615/ B85/ 56 C31/ ; 253= /D ?84613 0; 0A</:/A3
0<85; <1/0A3A; H356:/:H35;@ B85/ 56 8E6A 0A<8:31/ 0<85; H356:/:H35;D %</B/ 01356764/ H356:/:H35/ 56
0A</:/1/ 0<85; H356:/:H35;@ 7/ C3 56 8C7/:31/ 0/ 0<858= <1/0A3A8= 0;0A328= 3 7/ E8= 8926 ;
:/.<85; 8<89 0<6=3:/D $/ B:/5;@ ; 567285 9/1/B0353 56 2/0A/8 E1/2@ 0A<8:3A3 G6=15; B/8 56728
=560A8 ./ 32A6:9/1/BA34B; :/.=562; 32F8:= /435/D '8 56 C38 26<56:85/A/2 E1/2D
G6=15/ 56 C31/ E:6B:/028 = 560A8@ 1843:/2/ ; :;C; 567289 9/1/BA34B89 030A6=/ 3 = 8918 06 56 1/B8
780692;A3 3. 7:;93H 9/1/B035/D M31/ 56 5/B8 C13.; = 2893= E8:A/13= / N 626:96A0B3= 8A<8:3= / B:8.
B856 06 626:935/ A:/20E8:A3:/ B:8. E:80A8:D

M318 56 <:18 ;.C;7153<8 A/7/ N <1/7/18 56 <613B8 B8=60/256@ B/B8 C3 06 B:63:/13 0<3 3273<37;/123
E:670A/<2343 0<3H 9/1/B035/ 2/ E1/26A3 G6= 153D $6B3 87 M898</ %A</:/A615/ 0; C313 E:/<3 (B0E6:A3
; 9626A343D #23 0; C313 0E808C23 7/ B:8. 253H8<; R356:/:H35; =675;08C28 E8<6.; =816B;16 N
B873:/26 =816B;16 567289 87:6756289 3762A3A6A/@ 87:675626 F:6B<624356 3 0/ 616BA:3423=
2/C856= N 7/ C3 0A<8:313 G&+#'D

>2896 :/.<35626 3 0<56026 43<313./4356 ; 0<6= 3:; 0; 7/16 3 253H8<; "$- N 7/ C3 3=/16
E:670A/<23B6 253H8<89 B87/ 2/ E1/26A3 G6= 153D'/7/ 0; A3 9626A0B3 (B0E6:A3 B:63:/13 :/.28:/.26
<:0A6@ 26B6 87 253H 15;70B6@ 26B6 .3<8A3250B6@ 39:/5;43 06 0/ :/.28:/.23= </:35/435/=/ "$- B856
0; A6 :/.26 43<313./4356 7/16 7/ C3 E:378235616 4315;\ 7/ 06 G6=15/ 0A<8:3 B/8 567/2 939/2A0B3
462A/: ./ :/.=562; 32F8:= /435/@ 567/2 462A/: %<56A180A3@ 5672; G3<;4/ M3C138A6B/D '/5 E1/2 ./
G6=15; 56 C38 9:/2738./2D

#:3932/123 0A</:/A6153 G6= 156 0; C313 41/28<3 #C3A6153 %<56A1/ ! C34/ B85/ 0; :/731/ 3 B85/ 0;
E8<6./2/ 0/ 56723= /0E6BA8= 0<560280A3 .</23= %+*(')#%'D %+*(')#%' 56 &$]#K>-J&*-D

#C3A615 %<56A1/ 56 B:63:/1/ 32F8:= /4350B3 462A/: B853 0; 03 ./= 301313D &= /13 0; ; E1/2; 7/ G6=15/
E80A/26 =560A8
9756 46 9/1/B0356 E:3782356A3 7/</256= 0<853H 32F8:=/435/@ 9756 46 0<3 = 843 0;75618</A3 3 75613A3
253H8<8 0E643F3428 .2/256D G6=15/ 56 A:6C/1/ E80A/A3 B8.= 34B/ C3C138A6B/@ =560A8 26<56:85/A26
156E8A6@ = 560A8 B856 46 E8B/./A3 B/B8 06 32F8:=/435/ = 8.6 E8H:/23A3 B:8. F:6B<62435; 3 B:8.
9626A34B6 E:84606D

&.</2 0A:;BA;:/ <:6= 62/ V[[ [[[ 98732/ =8.6 E:843 B/8 5672/ 98732/ ; 0A:;BA;:3 <:6= 62/
B/B<; <3 E8.2/56A6D
#<3 M898<3 %A</:/A6153 230; E80A85/13 ; <:6=62; B/B<8 <3 E8.2/56A6D ?/: 0A8 A30;4/ 98732/ 313
=31382/ 98732/ 56 ./ 253H 230A/D

K/.1343A6 626:9356 0; C316 = /23F60A3:/26D ?:356 8AE:313B6 _[[ [[[ A30;4/ 98732/@ 2/ G6=153 0;
E80A85/16 <:18 <308B8 :/.<35626 43<313./4356D >& 26 98<8:3=8 0/7/ 8 43<313./435/= / B856 <3 .8<6A6
)6=;:35/ 313 -A1/2A30@ 826 0; ./ 2/0 = 876:26D > 3 98<8:3= 8 8 43<313./435/= / B856 0; E:/0A/:6@
B856 0; ./B8E/26 30E87 167/ 7;C8B8 30E87 B82A3262A/ -2A/:BA3B6D

?:856BA G3<;46 C3C138A6B6 56 E80A/8 0 <:6=628= 8C56BA 0</756D M38 56 A813B8 ./280/2@ 7/ 9/ 56
26AB8 HA38 E805678</A3D Q .6=153285 <:18 :/285 E8<3560A3 0; 06 <87313 :/A8<3 .C89 E805678</25/
8<6 E1/26A6D
*60A6 13 06 3B/7/ ./E3A/13 AB8 E80567;56 G6= 15;^
G6=15/ 56 E:<8:/.:672/ 3= 8<32/D +56:;56A6 13 7/ C3 A/B<8 0A8 B/8 G6= 15/ 80A/18 ; 0<6= 3:; C6.
+)-%$&L-^

+87316 0; 06 C8:C6 3 G6= 15/ 56 E80A/1/ =560A8 7;/1280A3D &.<56023 M898<3 %A</:/A6153@ B853 0;
3=/13 E:/<8 7/ :/76 0A8 H846@ 56: 8<8 56 G82/ 018C8726 <8156 0; 78013 3 E:6;.613 0; <1/7/<32;
G6=156D
>& A8 2/.3</=8\ 2/56.7/ G6= 156D M318 56 ;E:/<8 B/8 0A8 7/2/0 <613B6 B8:E8:/4356 E:6;.3= /5;
7:;96 2/ b /11 %A:66A;D #<3 M898<3 %A</:/A6153 0; 3.<:0313 32</.35; 2/ G6=15; E:356 8AE:313B6 c[[
[[[ 98732/ 3 E8<356028 98<8:643@ A8 56 C38 E846A/B 15;70B6 43<313./4356D #<8 56 8AE:313B6 E6:387 8
B856= </0 7/2/0 ;46 7/ 0; 2/0A/13 E84643 43<313./4356D G/E:/<8@ A8 56 C38 E846A/B B/02356 F/.6@
F/.6 =876:289 48<564/20A</D

L/7 06 A/ 32</.35/ 7898731/@ 3.<5602/ 9:;E/ C34/ 56 E8C356731/ 3 78C31/ <1/0230A<8 2/7 A6:3A8:356=
G6=156D #<3 28<3 <1/02343 230; .615613 7/ 30B820B/ G6= 1532/ <:0A/ N 15;73 N C;7; 32F8:= 3:/23 8
A8= 6 0A8 06 78987318D -B8 0; $(&$]#K>&K-$&@ A; <:0A; 06 =8.6 1/B06 L#$'K#)&K-'&D #<8 56
8C5/0256256\ ./0A8 56 %+*(')#%' &$]#K>-J&*-@ / A/= / N 26780A/A/B 32F8:= /4356D #</ C34/ 0;
E8C356731/ 3 E8A302;1/ 0<56A180A 3 G6=15/ 56 E80A/1/ 253H8< A6:3A8:35D #<8 0<6 </= 7/56 28<; 013B;
8 E:3:873 %+*(')#%'&@ ./: 26^ M318 56 <613B6 :/738/BA3<280A3 3 2;B16/:289 :/./:/25/@ = 2893
735618<3 G6=156 0; C313 8E;0A80623D #:3932/12/ <:0A/ N 15;70B3 :87 56 C38 7643=3:/2 3 :/0E:062
E80<;7/ E8 G6= 153D

#<3 28<3 <1/02343 G6= 156 0; A/B8756: C313 (B0E6:A3 ; 9626A343D #23 0; :/.;= 35613 N B/B8 B:63:/A3
.3<8A 3 .615613 0; ./7:./A3 8</5 A6:3A8:35 3. 0<853H <1/0A3A3H :/.189/D '6:3A8:353 06 0A</:/5; 3
87:./</5; 87 3.<56023H 626:935/ 3. :/.28:/.23H :/.189/ N 87 B853H 56 567/2 7/ 56 %+*(%$ #%' ;
0<6=;@ ; 0<3= 0A</:3=/ 3 C343= /D

%<560280A B8=;2343:/ B820A/2A28D %<560280A <3C:3:/ 313 = 8.6 C3A3 78<6762/ ; 0A/256 7/ <3C:3:/
2/ 3.<56023= 616BA:8=/926A0B3= F:6B<62435/= /D (16BA:8= /926A0B6 626:9356 0<560280A3 =89;
C3A3 E8C;75626 7/ <3C:3:/5; 2/ 3.<560A/2 2/432 3 A/B8 E80A/2; &G+#K RK-$(D L/8 0A8 3 5/C;B6
=89; C3A3 E:3E:6= 15626 3 E8567626 2/ :/.1343A6 2/4326@ A/B8 = 8.6 3 %+*(%$#%' C3A3 2/ :/.1343A6
2/4326 E:3E:/<1562/ 3 B82.;=3:/2/D

$6B/ C34/ 0; ; :/.<85; <1/0A3A6 6<81;4356 8AB:31/@ 7/ /B8 B:63:/5; .3<8A@ 30E;26 A; .3<8A2; F8:=;
0/ 0<560280A3 3 E:8= 5626 A; 0<560280A F:6B<624350B8= = 87;1/4358= 7/ <3C:3:/ 2/ 87:6756285
F:6B<624353 N 7/ 06 A8= 0<560280A3 = 89; H:/23A3 3 A/B8 87:./</A3 06C6 2/ 87:6756285 <1/7/5;485
E8.34353D %= /A:/13 0; 7/ 56 A8 2/432 2/ B853 ?:/!%A</:/A615 06C6 H:/23D ?:/%A</:/A615 E80/156
7:;96 7/ B:63:/5; 616BA:8=/926A0B; F:6B<62435; 0<560280A3 B/8 3.<8: H:/26 0/=8= 06C3D

$8<3 <1/02343 G6=156 0; 3=/13 7:;9/4353 /E6A3A 3 E:6F6:3:/13 0; 7:;9/4356 0A</:3 2698 E:35/0253
<1/02343D #23 0; 06 H:/2313 L-#%&> 3 %'K-R#>D #<6 0A</:3 0; 3H H:/2316@ 0A3= ;13:/16 3 87:./</16
3H 2/ = 843D
$8<3 <1/02343 0; 78013 8</= 8 E:356 c[[ [[[ A30;4/ 98732/D '8 0; 82/ = 842/ C34/ 8 B853= / 56
C318 :35643 ; </085 M3C1353@ ; C/C31820B3= 3 0;= 6:/20B3= E184/= / 3 0<3= 013423= A6IA8<3=/ 2/
435618= 0<356A;D #23 0; 78013 2/ G6= 15; 3 :6!8:9/23.3:/13 0; 15;70B; <:0A; 0B:8. 2/ 0B:8.D
K6!8:9/23.3:/13 0; </0; "$ -@ </06 9626A0B8 2/01356756@ A/B8 7/ <3 N </0/ 0<560280A <3C:3:/ 3
6= 3A3:/ 616BA:8=/926A0B8 .:/46256 0/=8 ; 56728= 87:675628= #,K-$ &J($#>
F:6B<624350B8= 0E6BA:; N B856 01;.3 253=/ ./ H:/2; 3 B856 3H N B/B8 56 <64 :64628 ! 87:./</ 2/
=843D

#:3932/123 15;73 0; C313 <6134/20A<62/ C34/@ 3=/13 0; V` 1/2/4/ " $-@ B856 0; C316 3.9:/75626 87
:/.23H "$- 735618</ 7:;93H 0<56023H 43<313./435/ ; 0<6= 3:;@ B856 0; B/B8 56 <64 :64628
E:378235616 0A</:/25; 15;70B6 "$- 7/</256= 75618</ 0<856 "$-D
L/7/ 0; 28<3 <1/02343 78013@ B:63:/13 0; ; 0<853= 1/C8:/A8:353= / <6:.35; 48<56B/ B853 56 3= /8
0/= 8 7</ 1/24/ "$ - N 7;E16 0E3:/16 313 7;E13 H613B0D Q.613 0; 8:3932/12; "$ - 32F8:= /435; 3
A8A/12856 :/.!0B18E313 3 :/0A/<313D #:3932/123 "$- 8C:/./4 56 80A/<1562 ; 15;70B85 0A/2343@ /13
26F;2B4382/1/2@ :/0A/<1562@ 26E8<6./2 3 30B15;462D

Q 15;70B3= 0A/234/=/ 0; 0/ 0<56A18028 B873:/26 A/2B6 23A3@ A/2B/ E/;432/0A/ 626:96A0B/ <1/B2/
B85/ 0/7:.6 32F8:=/4356D L/7 A/ E/;432/0A/ <1/B2/ :/76 ./56728@ 2/ 2/432 2/ B853 2/ E:3=56:
:/73 567/2 8EA34B3 d 0<56A18023 B/C61 N 823 F8:= 3:/5; 0E3:/12; ;<85234; </06 "$-D
L/7/ 0; </0 28<3 <1/02343 :68:9/23.3:/13@ 823 0; </= 80A/<313 0/= 8 5672; N 7;E1; ./<85234;
"$-D

%<6 0A8 2356 C318 26EH8728 E8A:6C28 ./ </06 E:6.3<15/</256 3 0A8 C3 </0 32F8:=3:/18 56 C318
30B15;4628@ 80A/<3<03 </0 0/= 8 0/ 7;E18= " $- ./<852348=@ B85/ </0 56 7:./1/ ; 0A/25;
B82A:813:/26 F:6B<624356 B85; 0; 823 = 8913 B82A:813:/A3 3 2/7.3:/A3D

*672/ F:6B<624350B/ 89:/7/@ 260A8 B/8 616BA:342/ 89:/7/ 56 E80A/<1562/ 8B8 E1/26A6@ 7/
B82A:813:/ B/B8 06 15;70B/ F:6B<62435/ = 8.6 = 87;13:/A3 3 =35625/A3D % <:6=628= 56 A/
F:6B<624350B/ 89:/7/ 8A6./1/ 7:;93= 0<56A18023= F:6B<62435/=/@ B856 0; 280316 32F8:=/4356 7/
E:87:; 78 G6=156D J/B 3 B/7/ 0; 0<56A18026 F:6B<624356 ;0E5616 E:87:356A3 78 G6= 156 N A; 2356
C318 %<56A1/ 7/ 3H = 8.6 E:3=3A3D J8<5645/ "$ - 56 C31/ 30B15;462/@ 0<56A18028 B873:/2/ <1/B2/
230; C31/ 8:9/23.3:/2/@ A/B8 7/ 0<56A18026 B8.=34B6 .:/B6 B:6/A3<280A3 230; 3= /16 230A/ 2/ 0A8
C3 C3 06 ;H</A316 313 ./B/4316D

L85/ 56 </0/ ;189/ ; 4356185 8<85 E:343^

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#C3A615 %<56A180A3D G/ 26B6 87 </0 N 8<8 56 0<6 B/8 0/2D >& </0 E870564/=8 2/ A8 0A8 <3 <64
.2/A6 ; 06C3D > & 0=8 78013 2/ 8</5 E1/26A 7/ C3 E:8C;7313 </06 0564/256@ 7/ C3 <3 B:8. %/<6.
%<56A180A3 E80A/13 320E3:/435/ ./ 48<564/20A<8@ A/B8 7/ 06 +& E8426A6 0564/A3 'L# %'( +&@ 7/ +&
E8426A6 0<56028 0A</:/A3 0<85; 0A</:280A 3 7/ E:8= 5623A6 F:6B<62435; 2/ E1/26A;@ 7/ ./A:/.3A6
2/A:/9 <1/0230A<8 2/ 828 0A8 </= E;23= E:/<8= E:3E/7/\ <1/0230A<8 2/7 </=/ 0/=3=/ 3 8<3=
A6:3A8:356= D

>&@ ?165/7/243 0=8 78013 2/A:/9 B:8. <:356= 6 N ; 260A8 0A8 06 = 8.6 2/.</A3 2/0/ E:80180A@ 2/
A:/98<3= / E:670A/<23B/ %<56A1/D >3 0=8 78013 2/A:/9 2/ E1/26A@ 7/ C3 E873561313 F:6B<62435; 0
+-> -@ F:6B<62435; ./ B85; %( %+-'L# & *("-$ 87 +-% 018.38 7/ 46 56 2803A3 2/ 8<8= E1/26A;
N 0 2/= 56:8= E:8= 5626 "$- 3 :68:9/23./4356 15;70B6 :/06D #<8 56 .C315/ E806C2/ E:34/D &
=891/ C3 91/AB8 343 2/ 0<6 2/018<2346@ 7/ .2/A6D

#:3932/123 %A</:/A6153 E1/26A6 G6=156 26 .616 3.9;C3A3 253H8< A6:3A8:35D >3013A6 7/ 06 823 .616 0/= 8
A/B8 87:643 0<69/^ #:3932/123 %A</:/A6153 0; =81313 #C3A615 %<56A1/ 7/ 7875; 3 7/ 06 E81/B8@ 0B8:8
268E/.346 ;<;B; 2/ G6= 15;@ 7/ 06 32B/:23:/5; 567/2 E8 567/2 3 78260; %<56A180A B/8
&$]K#>-J&*Q E;A6= B:6/A3<23H B8.=34B3H .:/B/ 2/ =560A8 9756 56 %<56A180A C31/ 3.9;C1562/D
#C3A615 %<56A1/ 56 E8461/ :/73A3 8<756@ 780/<03 ; 567/2 030A6= 13062 0<56A1/ 3 13062 32F8:= /435/D
>;A3:/5;43 ./B826 48<564/20A</@ A6 B:6/A3<26 B8.=34B6 .:/B6 0; E84616 E:873:/A3 ; 15;70B/
A3561/@ 3273<37;/128@ 808C; E8 808C;@ / 827/ 9:;E; E8 9:;E;D L:8. 6826 0; ; = /13= B813432/= /
A6 F:6B<624356 32F8:=/435/ C316 A/B8 78280626 2/ E1/26A;D ?826B/7 0; .C89 A89/ 2/0A/5/16
<613B6 C3AB6@ 0/ 2/=56:8= 7/ 06 %<56A180A@ B85/ ;<356B A6.3 A8= 6 7/ 06 3.:/.3 7:.3 43= 7/156 87
G6=156D
#:3932/123 %A</:/A6153 0; .2/13 7/ 56@ B8.=34B3 :64628@ 8<8 ./ 253H C31/ 5672/ 16B435/ ;
O78.<815/</25;P@ 7/ 0; =8:/13 2/;43A3 N :/.;=356A3 N M898<6 %A</:/A6156 B853 0; 3= ;.613 ?:856BA
G6=15;D

#:3932/123 %A</:/A6153 0; E84613 0A</:/A3 253H8< <1/0A3A3 E1/2 3 HA5613 0; 7/ A/5 E1/2 0E:8<67; ;
75618 ;E:/<8 ; A:62;AB; ; B856= 46 06 F:6B<62435/ G6=156 E:8=5623A3@ ; A:62;AB; ; B856= 46
0/7/0253 <1/02343 313 3.;=:356A3 313 260A/A3@ /B8 26 C;7; ; 0A/25; 7/ E:8=35626 0<85; <1/0A3A;
F:6B<62435;D

(=84356 0; ./ 26B/ C34/ 3.<8: H:/26D $6B3= / 56 3.<8: H:/26 15;C/<D

#:3932/123 %A</:/A6153 .616 7/ E:8= 5626 F:6B<62435; G6= 156 ; F:6B<62435; 15;C/<3D &.<8: H:/26 ./
0/7/0256 <1/023B6 ! 0A:/H@ C:396@ B/80@ 91/7@ 26= 3: 3 84/5 =8:/ 253= / C3A3 87;.6AD

?3A/A6 06 AB8 46 253= / 87;.6A3 A/5 3.<8: H:/26^

+&a

L/8 E:3E/72343 #C3A6153 %<56A1/@ <3 0A6 87= 6A2343D +& 46A6 :/.8:3A3 A/5 030A6= @ <3 0A6 A; 7/
E8C35673A6 0<856 <1/0A3A6 0:/H8<6 3 7/ E8B/.6A6 48<564/20A<; 7/ 26= / :/.189/ 7/ 06 C856 3469/D
+& 567280A/<28 <813A6 7/ 78756A6 3 0A</:/A6 26;987280A3@ +& 0A6 E8 A8= 6 E8.2/A3@ </0/ 89:/2/B
#C3A6153 %<56A1/D +& 0A6 E8.2/A3 E8 A8=6 7/ ;1/.3A6 ; 030A6=6 3 =5625/A6 F:6B<62435; 030A6=/ N
78280643 32F8:= /4356D +/0 E80/8 B/8 41/2/ #C3A6153 %<56A180A3 2356 7/ = 30382/:3A6D +&
567280A/<28 ;756A6 ; 030A6= 3 01;.3A6 B/8 E:3=/A615\ <3 E:3= /A6 B:6/A3<26 B8.= 34B6 .:/B6 ;
0<85/ A3561/@ A3561/ ; B853= / 0A/2;56A6 78B 0A6 2/ E1/26A3 G6= 153D +3 0A6 E:6:;0623 ; 15;76 3 <3
567280A/<28 78.<815/</A6 7/ 06 A/5 E:8460 87<35/ ; </= /D

+3 0A6 B873:/23 3 43= 06 <306 E8426A6 0564/A3@ :6/93:/A 46A6 2/ E1/2 0/ B853= 0A6 78013 8</=8 N
7/ C3 0;75618</13 ; = 5625/25; F:6B<624356D +3 46A6 E846A3 7/ 7:.3A6@ 7/ 2803A6 5672; 3.<5602;
F:6B<62435; 3 7/ 827/ A; F:6B<62435; .3<3A6D +/0 3762A3A6A B/8 F:6B<62435/ 56 0;= / A8A/123H
6= 3A3:/25/ 313 .:/4625/ </069 F3.34B89@ 6=84382/1289@ = 62A/1289 3 0E3:3A;/1289 A3561/ N B853 .:/46
313 06 6=3A3:/5; B/8 616BA:8234B3 E;106<3D L/7 <3 .3<3A6 </0; F:6B<62435;@ <3 ;A5646A6 2/ 0<6 3
0</B89/ N 0<;9756 ! 9756 B87 376A6D '8 56 828 0A8 +& :/73A6 %-"-D > 2893 87 </0 <64 :/.;= 35;
0<85 ./7/A/B@ / =2893= / 06 0564/256 2/ A8 ;E:/<8 %-"- C;73D

?1/2 7/ 06 E:8= 5623 A8 F:6B<624350B8 89:/2346256 8C;H</4/ 3 28<8 :60A:;BA;:3:/256 </06 "$- !
A3H 0<56A18= B873:/23H <1/B/2/D ?1/2 56 939/2A34/2D G6=15/ E8=/.6 0/7/@ 2/ 0<85 2/432 6<81;4353
B8= E16A289 0<6= 3:/D G6= 15/ 56 828 =560A8 9756 06 A6 0A</:3 789/75/5;@ 82/ 56 ;E:/<8 0/7/ ;
.3.3 .C3</25/D '8 56 =560A8 9756 E1/2 E843= / 4<56A/A3@ 3 828 0A8 06 760/</ 2/ G6= 153 46 06
87:/.3A3 2/ = 2896 0<56A8<6D

L/8 41/28<3 #C3A6153 %<56A1/ @ <3 0A6 06 018.313 0/ A3= @ 7/ 78756A6 2/ G6=15; E;28 E;A/ ; = 2893=
8C1343=/@ ; = 2893= :/.23= <:6= 623= / N 7/ C3 06 E:3E:6= 313 ./ </0 ./7/A/B@ 7/ C3 0H</A313 8
46= ; 06 A; ./E:/<8 :/73 3 7/ C3 C313 A:623:/23D M318 56 E8A:6C28 7/ 30B;03A6 G6= 15; 3 7/ 06
E:3E:6= 3A6 ./ <:356=6 B/7/ 46 06 E:8=562/ </06 F:6B<624356 0A</:28 789873A3 3 7/ 06
32B/:23:/A6 ; 43= <646= C:85; N 7/ C3 0E:8<613 A/5 E1/2 ; 75618D

#C3A615 %<56A180A3 56 0/7/ 2/ E;A; 7/ 06 ;567323@ A5D 7/ 06 25623 41/28<3 ;567326D +& 06 = 8:/A6
B82462A:3:/A3 2/ A8 0A8 </= 56 ./567234B8@ / 26 2/ 828 0A8 2/0 :/.7</5/D L/8 41/28<3 #C3A6153
%<56A180A3@ <3 26;A:/128 782803A6 32F8:= /435; 8<8= E1/26A; N 7/ C3 0A3=;13:/13 0<85 <1/0A3A3
:/.<85D ?8A:6C28 56 7/ <3 A8 :/73A6@ 56: </0 <1/0A3A3 :/.<85 ;A5646 2/ :/.<85 E1/26A/D

+/0/ " $- 46 6<81;3:/A3 3. ` 0E3:/16 ; V` 0E3:/1/D '3H V` 0E3:/1/ 8798</:/5; 626:96A0B3=

462A:3= / N 4H/B:/= / 3.2;A:/ 3 3.</2/ </069 A3561/D >313823 </0 0; 0/7/ 2/ E1/26A3 2/ 8<8=
./7/AB; 3 <3 0A6 06 0<3 018.313 0/ A3= 7/ 46A6 2803A3 A; F:6B6<2435; 3 3.<:03A3 ./7/A/BD *672/ 0/434/
</0 0/7/ E80A/56 C60E:356B8:2/ 3 8</ 0/434/ 0/7/ ;A5646 2/ 7:;96D Q0B8:8 46 </= E80A/A3
B:30A/128 5/028 AB8 0A6 <3 ./E:/<8 3 0A8 56 </0 ./7/A/BD

#</5 E:8460 56 567/2 26<56:85/A/2 6<81;4382/:23 0B8B 3 ; 013567643H `[ 98732/ 46 06 ;C:./</A3

C:.6 3 C:.6D
&= / 15;73 B853 0; <64 78C313 28<8 :6!0A:;BA;:3:/256 V` 0E3:/1/ "$-D #<3H V` 0E3:/123H 1/2/4/
"$- 32A6:/93:/5; 56723 0 7:;93=/ ;2;A/: 3 3.</2 A3561/D ?8<6./280A V` 1/2/4/ .2/43 7/ V`
626:96A0B3H 3 32F8:= /A3<23H 462A/:/ 0/7/ = 89; E846A3 F;2B43823:/A3 3 01/A3 32F8:= /4356 56723
7:;93= /D

':/734382/128@ Y 87 8<3H 0; 1843:/23 ; A3561;@ / _ 3.</2 A3561/D +3 3H .2/A6 B/8 </06 JH/B:6 3
E8<6./23 0; 0/ <3C:/435/= / V` 26C60B3H A3561/@ B856 <3 =8=62A/128 E8.2/56A6 ;2;A/: </069
0;246<89 030A6= /D '3H V` 26C60B3H A3561/ <3C:3:/5; 0/ 32F8:=/435/=/ ; 0B1/7; 0/ 4H/B:/=/ B853
06 E:8A6.; 78 B:/5/ 0<6= 3:/ 3 823 <3C:3:/5; ; 0B1/7; 0/ " $- 0E3:/1/= / ;2;A/: </069 A3561/D

L/7/ 06 15;70B/ " $- E8426 :60A:;BA;:3:/A3 3 B/7 06 8<6 32F8:= /4356 E842; 30E815/</A3@ E846A 46
06 8018C/75/A 26<56:8</A2/ = 84D )5;73 46@ 0/=3= A3= 7/ 7875; ./56728 3 ./56728 F8:= ;13:/5;
$->*(KQ N E80A/A3 A616E/A0B3 E:356= 2343 ./ 626:9356 3. 43A/<89 0<6= 3:/ N 3 A/B8 46 E:8=5623A3
1346 0<6=3:/D

#<8 :60A:;BA;:3:/256 </06 "$ - =3 2/.3</=8 >Q'-J&*-D *6728= B/7 +&@ 41/28<3 #C3A6153 %<56A1/
E80A/26A6 0E808C23 78.<813A3 7/ 06 A/ >Q'-J&*- 87<35/ ; </06= A3561;@ C3A 46A6 0E808C23
32A69:3:/A3 V` 32F8:= /4350B3H 462A/:/D +& 46A6 E846A3 0H</4/A3 7/ 0A6 +& '& B853 B:63:/5; +-%-
30B;0A</ 3 2/;43A 46A6 7/ E80A/26A6 %+*(%$& %'+-K-'()*&D J/B 3 <306 87 A89/@ <3 46A6 E80A/A3
0<56023 0564/A6153 U:6=6=C6:6:0 8ED E:6<DZ A89/ AB8 0A6 <3D

L/7 06 </0/ V[@ VV@ 3 V` JH/B:/ E842; 8A</:/A3@ = 2896 3.</2E1/26A/:26 626:9356 46 06 E85/<3A3
; </06= .3<8A;D #<6 626:9356 46 06 E85/<3A3 2/ E1/26A3@ B/7/ 43= <306 3 <306 </0 C;76 ; 0A/25;
7:./A3 <646 F:6B<624356D V[ JH/B:/ 56 E8<6./2/ 0/ 0;246<3= 030A6=8=@ VV 0/ 9/1/B0358= / V`
0/ 56723= = 560A8= ; 0<6=3:;D L/7 C;76A6 ; 0A/25; 7:./A3 A6 F:6B<624356@ 782356A 46A6
32F8:= /4356 2/ 8</5 E1/26A B856 46 4;73A3 3 08B3:/A3 <6432; 0A/28<230A</D

"843 46 78 0A/E/25/ 3762A3A6A/@ 0A/E/25/ B;1A;:/ 3 E85/<3A 46 06 =2898 O28<3H 0<56A0B3H :678</P
3 0<6 46 A8 :6.;1A3:/A3 ; B/80; 3 .C;256280A3D L/8 41/28<3 #C3A6153 %<56A1/@ <3 46A6 567280A/<28
E:8=/A:/A3 0A/256 0A</:3 56: .2/A6 7/ B/80 3 B82F;.35/ = 8:/5; 7843 7/ C3 018=313 0/7/0253 030A6=
3 7/ C3 06 030A6= =89/8 E828<8 3.9:/73A3 2/ 0<56A180A3D
L/8 41/28<3 #C3A6153 %<56A1/ <3 =8.6A6 :/.;= 356A3@ 7/ 56 ;E:/<8 567/2 6<81;4350B3 E:8460 ; A8B; 3
7/ 46 823 B853 0; ; 0A/25; 7/ 3./75; 2/ B:/5 0/ = 5625/256= F:6B<624356 6<81;3:/A3 ; 0</B8=
01;4/5;D G6=15/ 56 56728 <:18 ;.C;7153<8 = 560A8 7/ 06 C;76 2/ 2585 ; 8<8 <:356= 6D

#<8 56 567/2 78C/: E1/2@ ./: 26^

4(%5-657& 888 N 'B8 0; </03 M898<3

&= / 5/B8 = 2898 B:3<3H E:6787.C3 8 C8./20A<6280A3D %<6= 3: 56 E:6E;2 32A613962A23H C34/@ B85/
0; 06 :/.<31/ A8B8= <:6= 62/@ B85/ 0; :/.<31/ 0<6 =89;46 0E808C280A3 7/ C3 ./78<81531/ 0<85;
E8A:6C; 7/ 3.:/.6 06C6 2/ B:6/A3</2 2/432D $/5</.2356 ; E80A85/25; 3 0<560280A3 56 B:6/A3<280A 3
0A</:/1/0A<8D L:6/A3<280A 06 3.:/./</ B:8. =2896 :/.1343A6 8C13B6D
?:356 682/@ G6= 15/ 56 C31/ 0/= 8 =30/8 ; ;= ; <6134/20A<623H C34/@ B853 0; 03 E80A/<313 ./7/A/B
7/ B:63:/5; 28<6 8C13B6 E80A85/25/D >2893 87 A3H C34/ 0; ;460A<8</13 ; 0A</:/25; 8<89 0<6=3:/ 3
<3 0A6 3H 8.2/4313 0/ OM89PD

A8 0; ./E:/<8 C31/ </2.6= /150B/ C34/@ 2803A6153 0<56A180A3@ 5/B8 ;7/15623 87 ?:/0A</:/A615/D > 3
:356AB8 B8:30A3=8 E85/= M89 0/ <613B3= MD L/7 3 B8:30A3= 8@ 827/ A3= 6 = 3013=8 2/ C346 B856 =3
.2/=8 B/8 ?:/0A</:/A615D ?:/0A</:/A615 56 ; 0<8585 808C285 3= E18.353 U3= E18.35/ 56 0;E:8A280A 87
6B0E18.356@ 8ED E:6<DZ B:8. 15;C/< 8C7/:38 0<6 0A</:3 0/ 0<560280A3D %<6 0A</:3 0; ?:/0A</:/A615
2/ ?:/0A</:/A6156<8= ?;A;D

>& 06C6 <373= 8 B/8 E:87;.6A/B ?:/0A</:/A615/@ ;<356B 0B;E15/5;43 32F8:= /4356@ 78.3<15/</5;43
/</2A;:6 3 :/7643 C318 0A/ 7/ 2/E:/<3=8 2/06 E80A85/256 43= 32A6:60/2A2356@ A3= 6 H:/23= 8
?:/0A</:/A615/D L/7 = 3 A/B8 H:/23= 8 ?:/0A</:/A615/@ = 3 9/ 8C7/:;56=8 0/ 580 <648= 626:9358=
B85; 82 7/56 28<3= B:6/435/=/D

>3 230= 8 23B/7 78013 ; C13.32; ?:/0A</:/A615/D J/B 3 823 2/5:/.<3562353 87 2/0@ 2/ 2/5<30158=
0<56A18028= <3C:/4358= @ 26= /5; B/E/43A6A 7/ 3.7:.6 ; C13.323 ?:/0A</:/A615/D >& 230= 8 78<81528
0E:6=23 7/ 3.7:.3=8 32A62.3A6A 25698<89 .:/4625/D $/0/ 56 .615/ 7/ 06 ; 567285 A84B3 2/06
6<81;4356 E:3C13.3= 8 ?:/0A</:/A615; 3 7/ 06 0A8E3= 8 0 253= 2/ 26B8 <:356= 6D >3 .2/= 8 7/ 56 A8
=89;46 3 0A89/ A6.3=8 A8=6D

"/ C3 06 78018 ; C13.32; ?:/0A</:/A615/@ =8:/ 06 3=/A3 <308B8 :/.<3562; 0<560280A 3 0E808C280A
E8H:/253</25/ 32F8:=/435/D >2893 15;73 2/ G6= 153 0; 80564/13 7/ 0; 06 823 0A8E313 0 M898=D
>89;46 56 7/ 0; 06 823 0A8E313 0/ 735618= ?:/0A</:/A615/@ B853 56 2/5<306 8798</:/8 253H8<3=
<3C:/435/=/ ; A8 <:356=6D '8A/12/ <3C:/435/ ?:/0A</:/A615/ C3 ;230A31/ F3.34B8 A35618 ; 30A8= A62;@
56: 828 26 =8.6 E8H:/23A3 A; B813432; 32F8:=/435/D #23 B856 <3 0= /A:/A6 M898<3= /@ 0; 0/= 8
567/2 =/13 738 ?:/0A</:/A615/D

J/B 3 ?:/0A/<:/A615 56 567/2 = /13 738 87 26469 <6469D ?:/0A</:/A615 ;<356B 8AB:3</ 7/ 56 82
7356A6 56726 7:;96 B:6/4356 3 7/ 56 ; B820A/2A28= E:8460; 0/=88AB:3</25/ 3 80<356043</25/D
%56A3A6 06@ 0<560280A 56 ; 0<3= 0A</:3=/ 3 0<560280A 2356 23B/7/ 3.;= 1562/@ 82/ 567280A/<28
560AD

%<560280A 56 G$ -$*( 3 </06 G$-$ *( 56 </0/ <6./ 0/ ?:/0A</:/A6156= D L/7/ <56:;56A6 ; A8 0A8
G$-'(@ <3 /BA3<3:/A6 M89/ ; 06C3D
%/7/ 2/ G6= 153 :/0A6 0<560280A 8 A8= 6 B813B8 56 8</5 0<356A ./E/<8 <613B 3 AB8 56 AB8 ; 8<85
918C/1285 39:3@ 26 0/= 8 AB8 56 AB8 ; 8<85 39:3 2/ E1/26A3@ 2698 3 ; 0<6=3:;D

L/8 0A8 <3 3=/A6 H356:/:H356 2/ G6=153@ B853H = 8.7/ 560A6 / =8.7/ 230A6 0<56023@ A/B8 E80A856
H356:/:H356 3 ; 0<6= 3:;D +& =8.6A6 8C:/753</A3 0<85; .6=15;@ E1/4/A3 E8:6.6@ 871;43A3 7/ 26 376A6
2/ 3.C8:6 3 3928:3:/A3 </0; C3:8B:/435;D $/ 567/2 0134/2 2/432 G6=15/ 3928:3:/ 0<6= 3:0B6
C3:8B:/A34B6 0A:;BA;:6D

G/ </0 56 </.28 7/ 0H</A3A6@ 7/ A/B<6 C3:8B:/A0B6 0A:;BA;:6 E80A856 3 7/ 826 3=/5; 7:;9/4353
78.3<15/5 <:6=62/ 2698 <3D ":;93 8E6A 26 .3<6 ; 0A:;BA;:3 <:6= 62/ B/B</ 56 </=/ E8.2/A/D
#28 0A8 <3 .8<6A6 5672/ 98732/@ = 8.6 C3A3 26B3= / 7:;93= / B/8 567/2 7/2D -B8 8<8 .C315/
E8426A6 0H</4/A3@ =843 46A6 :/.;=356A3 ./0A8 </= 06 4323 7/ 56 8</5 E1/26A 80A/8 E:6E;0A62
0/= 06C3 ./7253H E/: A30;4/ 98732/D -13 0/7/@ E828<8 06 0A</:3 E84325; ./B;H/</A3 3 <3 46A6 C3A3
0;84623 0/ 89:8=23= B813432/=/ 28<89 .2/25/ B853 46 ;43 ; </06 0</B8726<26 8C:/046 3 ;
030A6= </03H Q+*(K($ *-D "843 46 78 567289 <613B89 B;1A;:289 08B/ 3 <613B89 3.262/7525/D

+3 0A6 78013 8</= 8 0/ 3.<56028= 0<:H8=D M898<3 %A</:/A6153 B853 0; E:6B:85313 15;70B; :/0; 06
<:/4/5;D $6B3 87 253H 0; <64 8<756D #</5 E1/26A 56 C38 E805643</2 3.28</ 3 3.28</ 3 =2896 :/.26
F8:= 6 15;70B6 <:0A6 0; C316 OE8035/26P B:8. :/.28 :/.26 6IE6:3=62A6D M318 56 =2898 .2/4/523H
F/BA8:/ B853 0; 0A<8:313 E:/</4 G6= 15326 E8<3560A3D $/ 8<85 E1/26A3 56 C318 43<313./435/ B856 0;
E80A85/16 = 313823= / 98732/@ 7/ C3 8A3016 C6. A:/9/D '6 43<313./4356@ 2/ 0</B; 3 5672; 0; ;A564/1/
C34/ B85/ <3 2/.3</A6 M89D

$/ </0; E8<3560A 0; ;A564/1/ =289/ C34/ 0<56A180A3@ B85/ 0A6 <3 2/.3</13 M89D Q M&M)&*&@ = 2893
87 8<3H C34/ 0; C31/ B8=C323:/2/ 7/ E:6.62A3:/5; 56728 C346@ /13 823 230; C313 *("$# C346@ 2698
B8= C32/435/ <:18 =8423H@ </2.6= /150B3H 626:935/ ; 8C13B; 0<56A18023H C34/D #23 560; ; 0A</:3 3.
2/069 ;91/ 916730A/ C313 =8426 626:9356 B856 0; 3./.3</16 0A:/H8E80A8</256 3 ./A8 56 <:18 1/B8
:/.;=356A3@ ./0A8 0; C313 918:3F343:/23 3 8C8./</23D

$6 G6=153 26 E80A853 13A6:/A;:/ 7/ </= 8E306 E:/<; 013B; 8<3H C34/D %<3 A3 M898<3 0; 78013 8</= 8
7/ C3 ;4313 3 :/.<35/13 06@ :/7313 2/ 253H8<8= <1/0A3A8= :/.<85;@ :/7643 0/ B:6/A3<280A3@ 0<560280A3 3
626:9358= D $6B3 87 253H 0; C313 <:18 ;0E56023 3 0<1/7/13 0; 253H8<6 16B4356 0/ C:/<;:8=@ / 26B3 0;
2/E:/<313 B/A/0A:8F/126 9:60B6D

'L# 0; A3 M898<3 3. E:/0A/:89 <:6= 62/^

'8 0; C31/ C34/ B85/ 0; =891/ 0A</:/A3 3 E:6=560A/A3 :6/1280A3 3 ./E8<3567/A3 ";H8<3= / ?:3:876
7/ 06 E8A4325/</5; 253H8<85 <8153D )5;73 0; A:/734382/128 .</1/ 82/ C34/ B85/ 0; = 891/ :/73A3
0A</:3 B85/ 823 230; = 8913\ M89D

'/ C34/ 0; E8.2/A/ ; 0<3= 0A/:3= 3 E:/0A/:3= B;1A;:/= / 3 8 253=/ 06 E:62803 B/8 8 B:31/A3=
B:6/A;:/= / 3 B;91/= / 0<56A180A3D %<356A 56 E;2 .2/B8</@ A:/98</@ /:A3F/BA/ 8 A8= 6 AB8 0; A3
M898<3 C313D M318 B/B8 C318@ 823 B853 0; .615613 =/23E;13/A3 15;76 0; 3.=301313 253H8<6 <1/0A3A6 E:346@
7/ B:63:/5; 8C:/046 B853 46 </0 B82A:813:/A3D +/= / 56 :64628 7/ 0; A/ C34/ 0A</:28 M898<3 3 7/
3H =8:/A6 8C8./</A3@ 253= / 06 73<3A3 3 C3A3 E801;023D QE:/<8 8</5 8C:/./4 <56:8</25/ 56 0/7/
E:67 <613B8= E:8= 5628=D &0A32/ 46 3./43 2/ <375618@ 30A32/ B85/ 46 B8=E16A28 E:8= 5623A3 2/432
2/ B853 <3 <373A6 0<356AD $ 6B 06 E/.6 823 B853 2646 .6156A3 <3756A3D +/18<3 3.262/75625/ 46 06
E:803:3A3 E8 4356185 G6=153D

M898<3 0A</:/A6513 B853 <1/7/5; 8<3= 0<356A8= 3=/5; 0E808C208A 7/ E80A/2; F3.34B3 ; 8<85
73=62.353@ /13 823 E80A856 <6432; <:6=62/ ; 7:;93= 73= 62.35/=/D #23 7:.6 G6=15; 2/ 567285
3.<560285 <3C:/4350B85 F:6B<624353 B/B8 C3 B:63:/13 (>#J&#$-)$ ( 'K-Q>( ! A/B8 06 E:6H:/25;5;D
&= / C34/ B853 E80A;5; G&+#' E:356 0<69/@ / 3= / 3 A/B3<H B853 26 E80A;5; G&+#' 23 2/5= /256 3 26
0H</4/5; 253H8<; E8<6./280A 0 253= D

%+*(%$#%' RK-$& %+*(%$#%'D G/ </0 56 A60B8 7/ 0H</A3A6 A/5 E:3243E 56: <3 06 H:/23A6 0/
H:/28= D
RK-$- ./ 26B/ C34/ 56 %+*(%$#%'D %</ H:/2/ 0/7:.3 2/ 26B85 A84B3 0<89 :/.<85/ 0<560280A@
C318 7/ 5; E:.3A6@ B;H/A6 313 ;.= 6A6 3. <:A/ N <3 56 E:8C/<15/A6 7/ C3 06 E:6H:/2313D

+-%( (>#J&*( %Q R K-$- G- "KQ,(D

-B8 </0 06 B82A:813:/ 3 ;0= 56:/</ 7/ =/23F60A3:/A6 1;7318 3 ;230A</256@ <3 %'+-K-'(
+&MK-J&*%LQ ]K(L+($J&*Q B85/ 2/ A/5 2/432 87:./</ 8<6 7:;96 B853 06 A3= 6 R K-$(D

&= / 3 A/B<3H B853 06 H:/26 <3C:/435/=/ 15;C/<3 3 A/ 9:;E/ H846 7/ ?#+K-'& E:8A8B 15;C/<3 2/
8<8= E1/26A;D #23 .616 E:68C:/A3A3 8</5 0<6= 3: ; F:6B<62435; 15;C/<3@ A/B8 7/ 8</5 0<6=3:
78C356 = 89;4280A 7/ 3./756 3. 06C6 3 802;56 7:;96 28<6 0<56A8<6D

+3 E:670A/<15/A6 87= 6A234B; 9:;E; 0<56A1/ 3 <3 0A6 06 018.313 7/ 46A6 7843 2/A:/9 2/ E1/26A;D +&
0A6 2/ ./7/AB;D +& 78756A6 ; 8</ F3.34B/ A3561/@ E:6;.=6A6 3H 3 2/=56:/</A6@ 7/ 02/98= 0<89
0E3:3A;/1289 3762A3A6A/ E:8= 5623A6 0<856 F3.34B8 A35618D
+3 0A6 0<3 3./C:/13 <:18 C:3.28 9626A0B6 132356 ; B856 0A6 :875623 7/ C3 3= /13 2/5C8153 = 89;43
E846A/B </06 =30356D%</AB8 87 </0 56 3./C:/8 7/ 06 :873 ; 8C3A615 ; B8585 0; 26B/7/ 7/<28 3
41/28<3 #C3A6153 %<56A1/ C313 ./0A;E15623D

"/<28@ B/7 0; 15;73 .3<5613 2/ 253H8<8= <1/0A3A38= A6:3A8:35; N 2/ G6=153 3 B/7 0; = 8913
:/.;=356A3 = 2896 :6/13A6A6@ 3= /13 0; = 89;4280A 7/ C;7; = ;1A373=62.382/123@ 7/ C;7; A8A/128
5672/B3 M898<3= /D QE:/<8 8</5 3762A3A6A <3 0/7/ E828<8 C;73A6 ; %(M&D

":;93 M898<3 0; E:6;.613 8</5 A6:3A8:35D M/0 B/8 0A8 B8=E/2356 E:6;.3= /5; 7:;96 B8=E/2356@ 56:
56 253H8< E62.350B3 F827 8713428 E8E;2562@ A/B8 0; 3 M898<3 80<85313 G6= 15; N 56: 0; 25623
F8278<3 8713428 E8E;25623D
"/ C3 <3 A/7/ <56:8</13 7/ 03 #$& M898<3@ 823 0; </0 9626A0B3 E:6B:85313D
'/7/ 06 56 8:3932/12/ #C3A615 %<56A1/ :/0E:031/ E8 0<6= 3:; 3 780/8 56 '3= '/=6@ B853 56 :/738 ;
26.2/25; 3 3928:/24353D

+-%- '&*()- 2806 0564/25/ 2/ 7:6<28 .2/256 B856 0; </= 8<3 M898<3 87;.613@ B/8 3 46.25; 7/
E8<:/A3A6 A8 .2/256D M898<3 B853 0; A8 ;:/7313 0; <6134620A626 0<6=3:0B6 B:6/A;:6D #23 =89;
E:83.<60A3 =2898 <:0A/ =/23E;1/435/ 3 = /23E;13:/A3 0A</:280A 2/ :/.26 2/4326D )5;73@ ;
26.2/25; 0; E84613 .</A3 8<6 B:6/A;:6 M89@ 0/ <613B3= MD

M89 0/ <613B3= M 2356 23B/7 E8056A38 8<; E1/26A; B/8 56728 C346D M89 0/ <613B3= M 56 ; 0<3=
0A</:3=/D +& 0A6 3=/13 E801/ 0/ C898<3=/ 0/ = /13= C B853 0; .615613 C3A3 8C8./</23 3 7/ </0
.C;26 3 B853 0; 06 C8:313 ./ G6=15; 56: 56 0= /A:/5; 0<853= <1/0230A<8= 269756 2/ :;C; 8<6
9/1/B0356 ; 0<6=3:; 018C8726 <8156D

?:356 A6 32</.356@ <3 0A6 3= /13 26<56:85/A26 0E808C280A3D #:3932/128= C38!9626A0B8= 48<56B; 56
C31/ 7/2/ 26<56:85/A2/ B813432/ 32F8:=/435/@ C38 56 382A6:73= 62.382/1/2 3 =89/8 56 :/73A3 =2896
0A</:3D L/7/ 0; A3 M898<3 %A</:/A6153 32</73:/13 G6= 15;@ 0= /A:/13 0; 7/ 15;70B/ <:0A/ E:6<306 .2/D
)5;70B/ <:0A/ 56 A/7/ 3= /1/ 0E808C280A3 B853 0; C316 0B8:8 30A6 B/8 3 826 B853 0; 06 E:670A/<15/13
B/8 M898<3D

'/7/ 56 ;01356731/ C389626A34B/ =/23E;1/435/ 3 760318 0; 06 =289/ :/./:/25/D (IE6:3=62A/126

<6:.356 15;70B6 <:0A6 0; 78260626 2/ E1/26A; 0/ E:8= 5625628= "$- ! 9756 56 A/ 8:3932/12/
9626A34B/ C/2B/ E87/A/B/ ; 0A/234/=/ C31/ :/0E:062/ @ /13 26 3 ;230A62/D $/ E846AB;@ </0/
"$- 56 C31/ 45618<3A/D M31/ 56 B/8 E:6B:/02/ M3C138A6B/ 9756 0; 32F8:= /435/ C316 B/A/1893.3:/26 3
;:675626 N 030A6=/A0B3 :6F6:6243:/26 3 <3 0A6 = 8913 2/43 C318 0A8@ 0A8 0A6 A:/.313 ./ 4/0 E801/D
L/7 06 76031/ A/ C389626A34B/ E:8= 562/@ 32F8:= /4356 0; 06 30B15;4316 3. A89 :67/ 3 :/0E8:67/ ;
B856= 0; E:356 C316D M318 56 B/8 7/ 56 26AB8 C/438 :6F6:62423 B/A/189 0/ B15;423= :35643=/ 3 580 B
A8= 6 3.C/438 0<6 B25396 3. E8134/ 3 C/438 3H 2/ 5672; H:E;D '/B8 56 A/7/ </0/ "$- 87 8<3H
80</5/4/ E80A/1/ :/.C/4/2/ 3 :/0E:062/D

>& </= E:34/=8 8<; E:34; 0/7/@ 76F323A3<28 E80A853 E:34/ 8 A8= 6D >3 26 E:34/=8 </06=
18934B8= ;=;@ =3 E:34/= 8 </03= 0564/253= /@ A/B8 7/ 06 <3 = 8.6A6 056A3A3 7/ 0A6 ;460A<8</13 ;
8<85 E:343D $/ 8</5 2/432@ <3 46A6 06 E846A3 0564/A3 0A8 06 78987318 3 AB8 0A6 <3 ./E:/<8 ; 8<8=
435618= E:8460;D

J3A/</ 9626A0B/ 32F8:=/435/ 56 C31/ :/.C/4/2/@ 2356 3=/1/ <306 23B/B/< :67@ /13 56 #%'-+)*($ -
;2;A/: 0A/234/D *6732/ 0A</: B85/ </= 56 80A/<1562/ 7/ 06 39:/A6 0 258= 3 7/ </0 80A/<3 7/
F;2B43823:/A6 56 C31/ 7;E1/ 0E3:/1/D >2896 87 C/2B3 E87/A/B/ ; 0B18E; A6 7;E16 0E3:/16 0; C316
./A<8:626@ ./E64/4626@ A/B8 7/ 0A6 <3 A/7/ E84613 F;2B43823/:/A3 0/ <:18 =/18 32F8:= /435/D +3
0A6 C313 5/B8 1/B8 E8718.23 = /23E;1/4353 3 B82A:813 87 0A/26 /0E6B/A/ 0<560280A3 B853 0; 06C6
E:670A/<15/13 B/8 M89 0/ <613B3= MD

&2</76:3 0; ;.61/ <64 E80A564; <:0A;@ B85/ 56 0A</:28 C31/ <6134/20A<62/ <:0A/ 3 E:6B:85313 0; 56
./ 0<856 <1/0A3A6 E8A:6C6@ ./ 0<85; <1/0A3A; B8:30AD ?:6B32;13 0; 32F8:= /435/B6 F:6B<624356 ;2;A/:
15;7B03H C34/@ E:8= 562313 "$- 3 7/13 </= 0/= 8 7;E1; 0E3:/1;@ A/B8 7/ </0 =89; 7:./A3 ;
26.2/25; 3 3928:/24353D +/0/ E:356= 2/ F:6B<62435/ 56 567280A</28 C31/ 30B15;462/@ A/B8 7/ <306
230A6 =8913 C3:/A3 0A/2346 2/ 0B/13 </069 <1/0A3A389 :/738!E:356=23B/D

#<3 M898<3 %A</:/A6153 0; .615613 E:8= 5623A3 "$- ; 15;70B8= A3561; B85/ .2/43 32A613962435;@
9:/756<23 E1/2@ B87D -B8 B87 26=/ =560A8 2/ B856= 46 8E6:3:/A3@ 26 =8.6 06 = /23F60A3:/A3 ;
E80A85/25;@ 26 = 8.6 06 3.:/.3A3D-B8 0A6 ./B15;4/23 ; =/18= @ ;0B8= E:80A8:; 3 /B8 </= 23B/7
2356 7/2 E:808A: 7/ :/0A6A6@ <3 23B/7 26 = 8.6A6 3.:/.3A3 06C6D G/7253H E/: A30;4/ 98732/ 56 </0
B87 C38 E:3031562 7/ E:30A/56 ; <:18 89:/23462; "$-D

*67/2 87 2/5;.C;7153<353H /0E6B/A/ E80A85/25/ 3 .3<15625/ 2/ G6=153 %-"- 56 :68:9/23.3:/256 3

E:6B:85/</256 </06 "$-D L8.=34B6 .:/B6 781/.6 2/ </0; E1/26A;@ A/ E:8= 562/ 56 0/7/
323433:/2/@ E:8= 562/ 06 6= 3A3:/ 3 0/156 3 ;2;A/: </069 A3561/ 781/.3 78 :68:9/23.3:/25/D
?80<;7/ :/.C/4/26 32F8:= /4356 B856 ; 06C3 2806 0564/256 3 0<560280A 8 G3<;485 M3C138A643 06
0/7/ 01/.; ; :67D
"$- 6<81;3:/D $8<6 0E3:/16 313 1/243 06 F8:=3:/5; N A/2B/ 0<56A18028 B873:/2/ <1/B2/ 06 E84325;
0B;E15/A3 ; 0<6.256<6D K/.C/4/26 32F8:=/4356 06 0/7/ ;567325;5; ; </06= A3516; N B:8.
616BA:8=692/A0B; 626:935; ?:/!%A</:/A615/D >3 0=8 A; 7/ E:8= /A:/= 8 A/5 E:8460 ; </=/@ B/8 3
7/ 0/=3 6<81;3:/= 8D
G/ <:356=6 8<89 :68:9/23.3:/25/ 8728028 0B;E15/25/ ; 0<6.256<6 N ; </= / 46 06 :/.<35/A3
567/2 2/E:672353 26:<23 030A6= B853 46 78.<813A3 7/ 0<6 <306 3 <306 32F8:= /435/ 781/.3 ; </0;
0<3560AD +3 46A6 E:8C;73A3 =2896 = 8.7/26 0A/2346@ B856 0; 780/7/ C316 O;0E/</26P 8728028
26/BA3<26 3 803= A89/ 46A6 E846A3 B8=E16A28 B8:30A3A3 0<856 F3.34B8 A35618@ ./ :/.13B; 87
0/7/02569 0A/25/ N ; B856= B8:30A3A6 0/= = /13 E80A8A/BD

#</ E:8=562/@ 8</ 0<560280A ;A5646 0/7/ 2/ 0</B8 =560A8 2/ G6=153D #23 87 </0 B853 0; J;</:3
%<56A180A3 3 B853 .616 7/ B8=E16A28 E:8= 5626 0/7/025; :6/1280A 3 78260; 7:;96 =89;4280A3
0/7/ ;037:/</5; F:6B<62435;D -B8 2356 ;037:62/ 3 :/.;=1562/@ = 8.6 B:63:/A3 B/80D L:63:/A3 46
B/80D GC89 A896 06 <3 =8:/A6 QG(> )*&'& D

-B8 06 B/80 30E:/<28 30B8:30A3@ 82 782803 56728 0A/256 :68:9/23.3:/280A3D +:356= 6 0/7/
B81/C:3:/ 3 626:935/ E80A/56 0<6 <64/ 3 <64/D +3 0A6 78013 8</=8 7/ E:<3 E8426A6 B8:30A3A3 A;
626:935;D +3 46A6 C3A3 E;A8B/.3 ./ 0<560028A N 78B <;46A6 A; 626:935; ; </0/ A3561/ N A3 E;A8B/.3
46 E8=/9/A3 7:;93=/ 7/ 26 = 8:/5; E:81/.3A3 B:8. 0<6 B:8. 0A/ <3 E:81/.3A6D
>2893 15;73 46 8756728= E846A3 80564/A3 8<; 626:935; C6. 3B/B<6 E:3E:6= 6 ./ A8D +3 0<3 <;46A6
0<56A18 N B856 56 32F8:=/435/ 3 E87/A/B 2/ E1/26A; 3 78B A8 :/73A6 N <3 0A</:/A6 28<6 E;AB8./6 3
28<6 0= 56:8<6 ./ 0<560280A B85/ 30A:/.;56 C6. 7/ B/.6A6 3 :3564D

$8<3 0= 56:8<3 0<560280A3 0A</:/5; 28<6 :61280A3@ 28<6 =89;4280A3 3 28<6 2/4326 .3<8A/ 3
E80A85/25/D
G/A8 56 B81/E0 </069 7:;0A</ 263.C56./2\ ; 06C3 26=/ 0<56A1/@ ; 06C3 26= /
=;1A373= 620382/123H = 89;4280A3@ 7:.3 </0 ; 89:/2346280A3 3 </=/ 56 567280A/<28 780A/ A89/D

M898<3 0A</:/A6153 0; 0<6= 3:0B/ C34/ B85/ 3= /5; 0<85 <1/0A3A3 78= ; 0<6=3:D #23 A/B8756:
6<81;3:/5;D &= / 3 823H B853 C3 HA5613 3.C/43A3 3H 3. O L1;C/ M898</ %</:/A615/P@ 56: 823 26= /5;
E80A8</25/ E:67 .3<8A8= B8569 0; 0A<8:313D ?:356 2698 0A8 0; &2</76:3 80<85313 G6= 15;@ E:356 c[[
[[[ 98732/@ =2893 87 #:3932/123H ?1/26:/ 0; :/7313 8<756@ 7/ C3 ;.6= 15313 32F8:= /435; 3 0A<8:313
8</5 939/2A3423 32F8:=/4350B3 462A/:@ B853 56 A:6C/8 C3A3 B8:30A62 7/ E8<6.6 = 2896 9/1/BA3426
030A6=6D #27/ 06 76038 A/5 <613B3 :/A 3.=675; M898</ %A</:/A615/D &2</76:3 0; E8C3567313 3 87
A/7/ 06 ; :/.23= 0A/:3= 3 E:/0A/:3= =/2;0B:3EA3= / =89; 43A/A3 253H8<6 E:346D #23 0; 78013
8</= 8@ 56: 0; HA5613 G6= 15; 3. =2898 :/.1343A3H :/.189/D

Q 0<6=3:; ?:/0A</:/A615/ 0; 0<6 0A</:3 78.<815626D G/A8 0A8 0; 0<6 0A</:3 78.<815626@ = 89; 06
;43A3 =2896 16B4356D $6B3 87 8<3H M898</ %A</:/A615/ 0; 06 <5624/13 3 0A8E313 253H8<6 132356@ B/8
0A8 06 0; :/.26 6<:8E0B6 <1/7/:0B6 3 B:/156<0B6 8C3A6153 <5624/</16 3 ;5672325/</16 253H8</
B:/156<0A</D M898<3 0A</:/A6513 0; = 560/13 5672; <:0A; 0/ 7:;98= @ 7/ <376 0A8 =89; 0A<8:3A3D
%56A3A6 06@ 823 0; E8.2/</13 9626A3B; 3 0<6 0A</:3 0; C316 0A<8:626 = /23F60A3:/256= 3 30E:/<23=
B8:30A6256= .3<8A26 02/96 3 :/.;=356</256= B/B8 06 .3<8A2/ 02/9/ 30E815/</D
$6 = 8.6A6 ; 8<8= = 8=62A; ;8E46 E85= 3A3@ B/B/< 031/2 E:856BA 56 A8 C38D

'B8 0; A/ C34/ B85/ 0; 7801/ 3 ;203A31/ 8:3932/123 E1/2 ./ G6=15;^ 'B8 0; A/ C34/ B856 =3
E826B/7 .8<6=8 P>:/426 >/5346P U"/:B '!%H3:A0 8ED E:6<DZ &=/5A6 :/.;=356</25/ B/7/ E:34/A6
8 A3= 02/9/=/ A/= 6D $ 6= 85A6 :643 ./ 253H 7/ 0; 1803D *67280A/<28 :/.;= 3A6@ 7/ 0; 823
2632F8:= 3:/23 3 7/ 0A</:/5; 030A6= 6 B853 0; 2632F8:= 3:/23@ 56: <56:;5; 7/ 56 A8 2/432 2/ B853
=8:/5; F;2B43823:/A3D *6728= 0; 06 C8:313 3 87056B13 0; 0/=3 06C6 87 .2/25/@ A/B8 7/ 06 0/7/
84/528 7:.6 ./ 0<856 E80A85646 .2/256 3 ./ .3<8A B8569 0; 03 0A<8:313D '856 .3<8A C/.3:/2 2/
0A:/H;@ .3<8A B853 26 E80A;56 7:;93 .3<8A@ .3<8A B853 30B8:30A/</ 7:;93 .3<8AD

'B8 0; A/ C34/^
#23 0; K(?'&)&D

M8156 :64628@ 8</ C34/ 0; 75618= 15;73@ 75618= :6EA313D >3 3H .8<6= 8 ,;0A6:3 U)3..360 8ED E:6<DZ@
56: = 3 <813=8 7/ ;.3= /= 8 0A</:3 = /256 6=84382/12356@ / 0/ <306 H;=8:/@ A/B8 7/ 3H <3 26
;.=6A6 E:68.C31528 3 3.26:<3:/A6 06 3 ;.C;73A6D
>& 230= 8 8<756 7/ C3 </0 0A:/0313@ = 3 0= 8 A; 7/ </0 32F8:=3:/= 8D +3 8<8 0<6 .2/A6 <64 ;2;A/:
06C6 3 B/7 06 E8426A6 0564/A3 A89/ AB8 0A6 <3@ 26B3 87 </0 46 06 E846A3 3= /A3 0564/25/ 2/
:6EA310B; E8<3560AD +& 0A6 ; 31;.353@ /B8 <56:;56A6 7/ 0A6 06 <3 ;<356B 32B/:23:/13 B/8 15;70B8 C346D
+& 06 32B/:23:/A6 7/ C3 30B;0313 B:6/435;@ 7/ 0B;E15/A6 32F8:= /4356 8 B:6/4353 3 7/ 56 0H</A33A6 3
0E8.2/A6 B8=E16A28D

+3 0/0<3= 039;:28 26 E:81/.3A6 B:8. 0/= 8 56728 30B;0A<8D '8 C3 C318 B/8 B/7 <646:/A6 ; 30A8=
:60A8:/2; </0 435613 .3<8A 3 B/.6A6\ O*/ .2/= 0<6 8 H:/23aPD '8 C3 C318 756A325/0A8D ?8423A6
8AB:3</A3 </06 9:/2346@ </06 0A696@ 3 0H</A3A6 7/ =8:/A6 30B;03A3 = 2896 0A</:3D Q J&'-+#>
E80A85/25; 56 C:315/2A280AD

M898<3 %A</:/A6153 E80A856 ; = 2893= F8:=/= / 3 230; 0<3 ,;0A6:3D ?80A856 M898<3 %A</:/A6153 B853
0; 013423 3206BA3=/D >3@ ?165/7/243 0= 8 E8<6./23 0/ M898<3=/ %A</:/A6153=/ B853 0; :6EA310B89 3
EA34569 3.9167/D
$6B3 0; 78013 3. 0<6=3:/ 3 :/7313 0; ; :/.23= B;1A;:/=/ 0/ 626:935/=/ EA34/D -B8 E89167/A6
4:A6.6 0A/:3H B;1A;:/ ; (93EA;@ *;.26 -=6:3B6@ %56<6:26 -=6:3B6@ <3756A 46A6 .2/B8<6 EA34/ 3
:6EA31/D ?A346 3 :6EA313 0; 26B/7 :/7313 ./56728@ 26B/7 0; :/A8</13 = 675;08C28D L/7 C;76A6 = 8913
:/.;=356A3 <306@ E:34/ 46 C3A3 580 <64/D +& 46A6 E846A3 7/ 06 0564/A6 </06 E8<3560A3D
M898<3 %A</:/A6153 0; C313 E8<6./23 0 </=/D L/7 <3 871;43A6 7/ E80A/26A6 :873A615@ <3 3= /A6
2/=56:; ;43A3 87 </06 75646@ C3A3 8798<8:23 ./ 253H8<8 78C:8 3 ;43A3 3H 7/ C;7; 8798<8:23 ./
06C6 0/= 6D &0A8 56 3 0/ M898<3=/ %A</:/A6153=/D "8B </0 91675/; B/B8 :/0A6A6@ 823 846 8
.3<15625;@ ;46 8 A8= 6 0A8 0; B:63:/13@ ;46 A/B8:643 8 A8= 6 B/B8 C3A3 78C/: :873A615D

$6B3 M898<3 0A</:/A6153 0; 0A<8:313 .3<8A@ 0/=8 7/ C3 A/5 .3<8A ./78<815/</8 253H8<6 E8A:6C6 3
C:32;8 06 ./ M898<6 %A</:/A6156D R :/2313 0; 06 </03= 6=8435/= /D *67/2 87 2/5<643H A/523 B856
0; 06 0B:3</16 87 </06 <:0A6 56\ B856 56 C89/A0A<8 3 3.8C3156 B856 56 0B:3<628 ; 6= 8435/=/D +/0
06 7:./18 E87/156 87 A89/ 7/ 30A:/.;56A6 0<856 6= 84356@ 56: C3 <3 =8913 B:8. </06 6=8435/
:/.8AB:3A3 0A</:3D
(>#J&*( </0 E8<6.;5; 0/ </03= %?&K&'Q-)$&> A35618= @ B856 2356 F3.34B8 3 B856 69.30A3:/ ;
=;1A373= 62.382/1285 0F6:3D

>87;1/435/ F:6B<624356 56 0/7/ ;0E80A/<1562/ 3 626:9356 3.</2/ :/76 2/ E:8= 5623 E1/26A/D'6
626:9356 +-% A:6C/5;D #23 26 = 89; E:8= 5623A3 E1/26A 3.</2/@ E1/26A >#K- M&'& ?K#>*($*($
&G$Q'K-D
#<6 626:9356 567280A/<28 782806 B:6/A3<26 B8.= 34B6 .:/B6 B856 ;1/.6 ; </06 A35618 3 0A</:/5;
6<81;4382/:23 0B8B ; </06= A3561;D *6728= B/7 0H</A3A6 &%?K-+$# B8:30A3A3 6=84356 3 B/7
E8426A6 B82A:813:/A3 </0; <1/0A3A; F:6B<62435;@ <3 46A6 =843 7/156 6=3A3:/A3 A6 .:/B6D #27/
2646A6 H:/23A3 F:6B<62435; %'K-R- 2/ 8<8= 23<8; E80A85/25/D
J3= 06 F:6B<62435/ 0A:/H/ 0= /253@ C3A 46 E87;.6A6 =2896 = 56:6 7/ E8<64/5; 0A:/H@ 56: 823
L#*& %( RK-$( %'K-R #> , QM( $*&R #+Q RK-$QD

#23 46 E87;.6A3 0<6 7/ ;0E80A/<6 E828<8 F:6B<62435; 0A:/H/@ E:356 2698 E:8= 5626 0<85;
<1/0A3A; F:6B<62435; H:/26 ; F:6B<62435; 15;C/<3D , ;0A6:3 d )3.353 0; 8B8 G6=156 320A/13:/13
;:675/56 B853 E8<64/</5; 6= 84382/126 F:6B<642356 B/80/ 3 26=3:/ 3 .:/46 3H A/B8 Q+(J-$(
$*&>-D '8 56 2/432 2/ B853 06 87:/./</5; 2/ .3<8A;D

"/ C3 <3 78013 2/ 567/2 E1/26A@ <3 = 8:/A6 .2/A3 9756 56 E8:A/1 7/ ;756A6 B:8. 2569/D +3 = 8.6A6
16A56A3 B:8. 0<6= 3:@ :643=8 B *;E3A6:;@ /13 /B8 26 2/756A6 E8:A/1 B853 </=@ 78.<815/</ 7/ ;756A6
; 0E643F3428= <:6= 620B8= 069= 62A; ; B856= 2/ E1/26A; E80A853 .3<8A\ 016A56A3 46A6 2/ =560A8
B856 3.9167/ C6..3<8A28 3 2632A6:60/20A28D ?8:A/13 </= 78.<815/</5; 7/ ;756A6 ; 82; 73= 62.35;
; B8585 E80A853 .3<8AD ?8:A/13 06 8A</:/5; ; B8:378:6 <:6=62/ 3 01;.6 B/8 .826
=;1A373= 62.382/1289 30B;0A</D

$/ G6=153 3=/ :/.1343AH E8:A/1/ B853 78.<815/</5; :/.1343A3= <:0A/= / N M898<3=/ %A</:/A6153=/
7/ 06 ;C/46 ;2;A:/D *67/2 87 2/5<643H E8:A/1/ 8B8 B8569 06 =8= 62A/128 <876 C3AB6 56 E8:A/1
2/ 0:67256= 30A8B;D -B8 E89167/A6 2/A:/9 ; E8<3560A3 G6= 156@ E:3= 56A3A 46A6 B813B8 56 E;28
7:/= / 313 K()&,&*- 3 43<313./435/ 78018 ;E:/<8 B:8. A/5 E8:A/1D '8 56 898:/= /2 E8:A/1 0/
:/735;08= 87 8B8 V_[[ B318=6A/:/D G/A8 56 2/ 0:67256= 30A8B; A813B8 E;28 789/75/25/D
'8 56 E8:A/1 B8569 B8:30A6 )3.353D

Q 3.<56028= 0= 301;@ 823 0; A3 B853 980E7/:6 A3= E8:A/18= D L8:30A313 0; 8</5 E8:A/1 7/ C3 0A<8:313
253H8<6 E87.6= 626 C/.6 3 0E3156 3. B853H 7561;5;D %A/:/ 431313./435/ >6.8E8A/=356@ 3.= 675;
'39:30/ 3 (;F:/A/ 56 C31/ 0<6= 3:0B/ B818353/ 56726 87:675626 <:0A6@ B85/ 56 7801/ 2/ G6=15;D
L;e/3A 16.3 2/ 8A<8:; 8<89 A6:3A8:35/D #<8 56 E8:A/1 B853 8C;H</4/ =/23E;1/435; 15;70B6
E8E;1/4356 7/ 01;.3 0<:H/= / 7:;93HD

Q E8E;1/4353 )3.35/ 3=/ A/B<85H B853 0; .13 3 823H B853 0; 78C:84323A6150B3 2/0A:85623D G/0A8 </=
=3 0<6 88<8 E:34/= 8^ G/0A8 <3 =8:/A6 0<6 8<8 .2/A3^ >8:/A6 .2/A3@ ./A8 56: )3.350B/ 0A</:280A
E828<8 ;1/.3 3 0E/5/ 06 0/ </08= 0A</:280A3D Q 8<8= 6<81;4382/:28= 0B8B; ; :/.<85;
0<560280A3 2646 C3A3 78<81528 7/ 567280A/<28 ;756A6 ; 15;C/< 3 0<56A180A 3 7/ 5676A6 01/78167
0</B3 7/2D +3 = 8:/A6 0H</A3A3 B/B8 56 0A</:280A 018.62/ 3 B8=E16B02/@ B813B8 :/.1343A3H F8:=3
:6/1280A 3= / 3 B/B8 0; 0<6 8<6 F/46A6 :6/1280A3 567/2 738 +-%D +3 =8:/A6 0 253=/ 0B8E3A3 = 3:@ <3
06 =8:/A6 0A8E3A3 0 253= / 3 78.<813A3 7/ <3 0<3 ./56728 3=E1873:/A6 ; </0; " Q%QD $/ A/5 2/432 N
<3 06 <:/4/A6 ?:/0A</:/A615;D

+& 46A6 C3A3 3= /A3 = 2898 E:313B/ 7/ 80;75;56A6 3 6A3B6A3:/A6 0A</:3 B/8 1806D -13 /B8 80;75;56A6 313
6A3B6A3:/A6@ 2646A6 30B;03A3 3 8056A3A3 28<6 0A</:280A3D %56A3A6 06 ;<356B 7/ 58 8<8 G82/ 018C8726
<8156 3 7/ E80A853 M8./20B3 ?1/2@ B853 46 C3A3 ./725/ B/:A/@ A/ ./725/ B/:A/ 46 C3A3 -%D

":/= / 2/ 8<8= E1/26A;56 5/B8 32A6:60/2A2/D %</B3 E;A B/7 ; 56728= 030A6=; 78756 78
=87;1/4356 F:6B<624356@ 3. A89 030A6= / 3.1/.3 5672/ 5/B8 32A6:60/2A2/ E:3<1/4280AD '/ E:3<1/4280A
B 06C3 78<873 0<6 826 626:9356 B856 0; 3B/7/ 3= /16 3B/B<89 E801/ 0/ </03= 030A6=8= 2/A:/9@
B/B8 C3 823 A/B8756: C313 738 A6 6<81;4356D +3 = /926A3.3:/A6 06C3 0<6 0A8 0A6 3B/7/ 30B;0313@ A/B8
7/ = 8.6A6 8056A3A3 0<6 0A8 = 8:/A6 8056A3A3 ; <6.3 A89 30B;0A</D

M898<3 %A</:/A6153 0; E:3<;4623 2/A:/9 8</= 8 ; 8<8 <:356=6 .C89 M8./20B89 ?1/2/D #23 =8:/5;
0;75618</A3 ; A8= 6 3 0H</A3A3 7/ 46 06 F:6B<62435/ E:8=5623A3D #23 06 A8= 6 8E3:;@ B/8 0A8 06 3
=2893 15;73 8E3:;D ?/ 3E/B@ 823 B:6:3:/5; 0<856 0A</:280A3D #<3 M898<3 0A</:/A6153 0; ./7253H c[[
[[[ 98732/ ./C8:/<313 AB8 56 253H 0A<8:38D G/C8:/<313 0; 0<856 M898<6D

+3 N 41/28<3 #C3A6153 %<56A1/ 230A6 ./C8:/<313D +/0 ./7/A/B 56 K-GQ> &*(+-$ *(\ 7/ 2/ G6=15;
O78<;46A6P :/.;=356</256 3 0H</4/256@ B853 46 0A/C313.3:/A3 626:935; 3 9626:3:/A3 B:6/A3<2; 02/9;D

%<56A18 56 E8AE;28 E87435625628 2/ E1/26A3 3 8<3 M898<3 %A</:/A6153 E8745625;5; </0D J/B 3 ;
253H8<85 C:315/2A280A3@ 823 3= /5; 01356E3H A84/B/D '813B8 0; ./1;75623 3 ./15;C15623 ; = 84@ 7/ 06
C8:6 3.= 675; 06C6D

M898<3 %A</:/A6153 0; E:67/13 567/2 738 06C6 3 E80A/13 0; B8= 8A23@ ./32A6:603:/23 0/=8 ./ 253H8<
<1/0A3A3 E:856BAD
+3 0A6 E8<6./23 0/ A3= C343=/@ 56: <3 0A6 253H8< E:87;.6A/B 313 253H8<6 8E6:/A3<26 02/96D +& 0A6
8<756 7/ ;A5646A6 2/ 0A</:280A@ 26 3.</2/@ 2698 3.2;A:/D +/0/ 2/= 56:/ 56 7/ 06 A89/ 056A3A6D

#<3 M898<3 %A</:/A6153 781/.6 2/A:/9@ 7/ </0 E828<8 80<856@ 56: 823 26 .616 ;= :356A3 87 91/73D
#23 0H</4/5;@ 7/ 56 56728 OC8=C/:73:/256P 030A6=/ ; A8B; 3 A8 B:8. </0@ A/B8 7/ 0; 823 A; 3
2/0A856 B:63:/A3 580 <306 26=3:/@ 580 <306 0A:/H/@ .616 06 C8:3A3 580 56728= ./ 8</5 A6:3A8:35D

#</5 3.<8: H:/26 3= 56 </./2D #23 9;C6 B82A:81; 2/7 E1/26A8=@ .C89 A89/ 06 <:/4/5; 253H8<8=
E:3=/:28= E8:A/1; 2/ 0:67256= 30A8B; 9756 56 253H8<8 92356.78 30E87 .6=6156@ 7/ B:63:/5;
0A:/H 3 B/80D

#:3932/123 E1/26:3 .616 782356A3 018C87; 3.C8:/ 2/A:/9 2/ 8<; E1/26A;D M898<3 B853 0; ; ./7256=
E6:387; 6<81;4356 C313 8798<8:23 ./ 8</5 E1/26A@ B8:30A6 = 87;1/435; F:6B<624356 3 26 78.<815/</5;
018C87; 3.C8:/D #23 </= B:/7; </0; E03H34B; 626:935; 7/5;43 </= B:3<; 013B; 8 0A</:280A3 2/
0</B3 =89;43 2/432 2/ B853 03 <3 A8 ;8E46 = 8.6A6 ./=3013A3D >& 26 .613=8 :643 7/ 0; 8<3 M898<3
1803D >3 </0 567280A/<28 .613= 8 32F8:= 3:/A3 8 0A</:3= / B856 0; 06 78987316 3 B/B8 26<328 0A6 <3
C313 ;<;4623 ; 8<6 0<6 789/75/56D +& 26 E:6E8.2/5A6@ 7/ 0; 8<6 03A;/4356 A/B8 B8243E3:/26@ 7/ <3
=3013A6 2/ 567/2 87:675623 2/432@ 7/ </0/ 0<3506A <3C:3:/ 2/ 567285 87:6756285 F:6B6<24353D

>& 39:/= 8 30A; 39:;D

-B8 E89167/A6 ;2/A:/9@ 230= 8 13 = 3 2/= 56:28 018.313 E1/2 8 =87;1/4353 F:6B<624356 B87 </0^
$30=8 13 </0 ./A84313@ 8E4/:/13@ ;<56:313 </0 8 </085 018C87285 <8153@ A/B8 7/ <3 = 8.6A6 <3C:3:/A3
2/ 567285 3.<560285 F:6B<624353D >& 0= 8 ;432313 30A; 0A</: B/8 %A</:/A6153D $/5C8156 ./ 0<6 </0 56
7/ 567280A/<28 87C/43A6 </0; 0A/:; 76F323435; "567/ >:/./D $/ 30A3 2/432 2/ B853 0A6 8AB:313
30A32; 8 "567/ >:/.; @ 8AB:3A 46A6 7/ 0; </= 8 =2893= A3= M898<3=/ B856 <3 8C8.</A6
30E:34/26 E:346 B856 0; 01;.316 = /0B3:/25; E:/<6 30A326D

+1/7/5;46 626:9356 2/ 8<8= E1/26A; 3.E;=E/</5; 8728028 E:3B15;4;45; 06 2/ </06 030A6=6

Q+*(K($*- B/B8 E8.616D '/5 030A6= 3.E;= E/</25/ <873 3 ;0= 56:/</ 26<56:85/A2; B813432;
626:9356 3 A/ 626:935/ 56 .3</D

+/= / 56 :64628 7/ %+( +-%( >&%)& %'+-K-*Q %+&*('\ 826 0; 0A</:26 3 826 37; 2/ 56728
=560A8D
%/7/ E80A853 2/ G6= 153 f >&)&*-K"& 15;73 B853 = 3016 N ;E:/<8 0/7/D '813B8 56 .3<;46 626:9356 2/
.6= 153D %A8 =3013A6 B853 56 78=323:/5;43 80564/5 ; A85 626:9353@ 3 0A8 = 3013A6 0A8 06 = 8.6 E80A343 0/
A8= 626:9358= N B:8. %&)Q 313 Q+*(K($*(^
>& </= 26 .613= 8:643 B8 56 ; E:/<; B8 56 ; B:3<; 3 AB8 56 AB8 ; A85 H356:/:H353D >& 567280A/<28
.613= 8 7/ :/.C356=8 </06 31;.356@ :/.C356=8 </06 C/1826 87 0/E;2346 8 A8= 6 0A8 0A6 <3 78 0/7/
<56:8</13D >3 26 .613= 8 :643\ A8 56 B:3<8@ = 3 </= 567280A/<28 0;96:3:/= 8 7/ :/.= 3015/A6 ;
<643= 3 03:3= 8C:/043=/D

#056A3A6 B853 46 A8 C3A3 9;C3A/B ; 8<85 E:678= 323:/5;485 626:9353 B/7/ 0<6 +&%( & +&%( +-% 26
C;76 <3C:3:/18 2/ F:6B<624353 2/ B8585 823 .616D K/.= 3013A68 A8=6 %'# +& %+( >#G('(
2/E:/<3A3@ B/7 06 3.73926A6 3.2/7 = 87;1/4356 F:6B6<624356 313 3. 8B8</ </069 18934B89 ;=/ 3
B/7/ 06 :/.<356A6 ; 26E:3B80280<626 JQ+-K( ]K(L+($J &*(D

%56A3A6 06 7/ 56 </0/ F6B<62435/ 0;=/ </069 F3.34B89@ =62A/1289@ 6=84382/1289 3 0E3:3A;1/289

.:/4625/ N 6= 3A3:/2/ B/8 616BA:8=/926A0B3 E;106<3D %+-L& ?Q' B/7 ;.=6A6 2/A:/9 828 0A8 56
26AB8 3.E;= E/8 3 B/7 E8426A6 A8 B;1A3<3:/3A E:6= / </085 <1/0A3A85 <8153@ +& >*($ *-'(
+&MK-J&*Q $- 8<8= E1/26A;D

L/8 :/.C35/43 030A6=/@ 8<8 56 5672/ 87 0A</:3 B85; 0A6 <3 0E8080C23 C:315/2A28 3.<873A3D >& 26
.613= 8 ;=/253A3 <:3567280A 0A</:3 B856 0A6 :/7313 78 0/7/@ =3 .613= 8 7/ <3 E:6</.3756A6 </06
780/7/0256 /1/A6D

$6B/ 87 </03H 73<15625/ 3 <56:280A3 <:35676 ;<56:6253=/ B85/ </= <306 26 01;.6@ 30A8 B/8 0A8 46
=2893 </0 567289 7/2/ 3./ 06C6 80A/<3A3 8<6 B8:/B6 B:8. B856 </0 =3 0/7/ <873= 8D *67/2
7:;9/ 626:935/ 46 7843 3 :643\ ?165/7/243 0; </0 78<613 78 A;@ A8 56 8B@ 78.<813A6 2/=/ 7/ </0
78<676= 8 7/156D $6=/ B:/5/ 6<81;4353@ 56: 26 E80A853 230A/ 0A8 56 5672/ ;1A3=/A3<2/ 30A32/D

L/7 <3 E8426A6 8AB:3</A3 </0; :6EA310B; E:80180A@ 2/43 46A6 7/ 56 C318 =2898 13B8</ ;
E/A:35/:H/123= 030A6= 3= / ; E8<3560A3 B853 0; C313 E:3E/72343 :6EA310B6 F/= 31356D L/8 0A8 23 0<3 15;73
230; 1803@ 230; 0<3 :6EA313 1803D #23 230; 230A/ =/256 75618<3 87 ?:/0A</:/A615/ 2698 0A8 0A6 <3D &
253H8</ F3.38E18935/ 3 253H8< 3.9167 230; = /256 <:356723D

#23 0; 6B0E6:A3 ; 9626A343 3 0E808C23 0; O0A/28</A3P ; :/.1343A3= F8:= /=/D L/7 06 30A32/
B8= E16A28 8AB:356@ ;<356B = 8.6 7843 78 <613B89 0H8B/@ B/7/ 06 :/73 0/ 3.813:/28= :/08= D

&= / = 2898 M898</ %A</:/A615/@ 0/=8 26B3 87 253H 3=/5; 15;70B; F8:=;D %/7/@ 2/5<643 26= 3: 3
2/5<64; 26;987280A ; </= / 0A</:/ E80A85/256 C34/ :6EA310B89 A3E/@ 56: </= 823 0/7/
2/50A:/20B353D

$/0/ 2/=56:/ 56 C31/ 7/ E:803:3= 8 </0; 3765; 8 A8= AB8 0; </03 M898<3@ 56: '& M#, #+& J( %(
+K-'&'& $- G(>)*QD #<856 :/.189 .C89 B8569 46 0/7/ 2/ .6=153 760/</ <613B3 26= 3: 3 B/80D
L/7 <3 2/;43A6 7:./A3 F:6B6<2435; B85/ 781/.3 0 B:6/A3<23= B8.=34B3= .:/B/= /@ <3 46A6 C3A3
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<:18 0;CA3128 E:8= 5623A3 567/2 738 B:6/4356D #</ C34/ 0; :/731/ 3 C31/ E8<6./2/ 0/ /0E6BA8=
0<560280A3 .</23= %+*(')#D
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87:67313 <:356= 6 B/7/ 46 A/5 E1/2 ;43 ; F/.; 30E;25625/D
&.<56023 41/28<3 8<89 '3=/ %<56A180A3 0; 0=301313 B856 C3 C316 = 89;46 <56:85/A280A3
?:/0A</:/A615/\ 0A8 C3 ?:/0A</:/A615 ;43238@ 0A8 C3 9/ 0A3=;13:/18D #</ C34/ 0; 0H</4/1/ 0A8 0<6
=8.6 C3A3 ;4325628 0/ %<56A18= 3 253H8< E1/2 56 C38 5/B8 E/.153<8 B8243E3:/2D #</ C34/ 0; C31/
A:623:/2/ 26B813B8 0A8A32/ A30;4/ 98732/ 7/ 3.<:06 A/5 E1/2D "38 A89 E1/2/ 56 C38 7/ C;7;
0E:6=23 ./ 567/2 B8.= 34B3 E8A:60 ./ B853 0; .2/13 7/ 46 567289 7/2/ 7843 87 ?:/0A</:/A615/D
%/ E;28 E:67/280A3 3 E:3E:6=/ 0A<8:62 56 A6=615 3 A:62329 56 E8468D M318 56 = 2898 A89/ ./
2/;43A3 E:356 2698 0A8 56 E1/2 = 89/8 C3A3 3=E16= 62A3:/2@ 56: A8 56 C38 567/2 5/B8 0=5613 E1/2D
$/=56:/ 8<3H J;</:/ %<56A180A3 56 C31/ 7/ 78260; 0<56A180A 313 .2/256 ; 5672; :6/1280A 9756
0<56A180A 313 .2/256 230; 78C:878013 3 9756 230; E:30A/5/13D M31856 B/8 7/ E8B;0/</A6 ;<;43 289; ;
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8</= 8 0/ 26B8= 0<:H8=D +3 0A6 78013 7/ E8426A6 871;4;5;43 E8B:6A@ 7/ 06 :35603A6 0<69/ 0A8
</0 56 ./ </0; :6/1280A <6./18 78 0/7/@ 0<6 A/2B6 23A3 0A8 0; </0 B/8 461342/ ;./7 7:./1/
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G/ 826 87 </0 B853 0; 78013 7/ 87:/76 0<85 E1/2 7/ :/76 0/ 0<560280A3 0<56A1/@ </06 <:356= 6 56
%-" -D

+/06 75618</256 8AE843256 ; 8<8= A:62;AB;D %<6 0A8 A:6C/A6 2/E:/<3A3 56 7/ 78.<813A6 626:9353
7/ ;756 ; </06 A35618D +3 = 8:/A6 E846A3 <3C:3:/A3 0/ A8= 626:9358= 3 8430A3A3 75618<6 06C6@ 8430A3A3
6= 84382/126 626:9356 B856 0; ./A84626 ; ; </06= A3561;D
L/7 E8426A6 7/ 30A:/.;56A6 %(M(@ 8AB:3A3 46A6 7/ ;2;A:/ 3=/ =2893H O</0P 0/ B853=/ =8.6A6
E;A8</A3 E8 ;2;A/:256= 26:<28= 030A6= ; 0<560280A3D

+3 46A6 8AB:3A3 7/ 56 </06 7:;0A<8 C318 5/B8 E:8234153<8 73./523:/28 7/ </0 7:.3 43= E87/156 87
8<89 2/532A3=253569@ 2/52/9:/75;5;469 3 2/5;.C;7153<3569 7561/ 06C6D L/8 4;</:3 0<56A180A3@ <3
46A6 0A<8:3A3 8E4356 ./ 28<6 :6/13A6A6 3 782356A3 3H = /08<285 0<3560A3 2/ E1/26A3D +3 46A6 A8
2/E:/<3A3 A/B8 7/ E:<8 A8 2/E:/<3A6 ./ 06C6 0/= 6@ B:63:/5;43 567/2 ;2;A:/0253 = 3: 3 ;2;A/:25;
15;C/<@ E:3H</4/5;43 0<6 N AB8 0A6 <3 3 0<6 0A8 0A6 ; .3<8A; 2/E:/<313 3 0<6 0A8 56 </=/ C318
2/E:/<15628 ; .3<8A;D +3 46A6 E:3H</A3A3 3 32A69:3:/A3 A6 0A</:3@ 56: 46A6 .2/A3@ 7/ 0; ;E:/<8 0<6 A6
03A;/4356 C316 E8A:6C26 7/ </0 78<67; 78 F32/1289 0A;E25/ ;037:/</25/ 0<56A180A3D

#<8 56 7:6<2/ E:34/ 3 82/ 56 E8H:/2562/ ; </06= A3561;D "38 A89/ 0A8 =3 ./HA56</= 8 87 </0 56
7/ 8A<8:3A6 8<; /:H68180B; :3.234; 3 E80A/26A6 ;2;A/:253 /:H68189D M;73A6 <81523 7/ E;A;56A6
E;A6<3= / 0564/25/ 8<89 .3<8A/ 3 =2893H 7:;93H .3<8A/@ A/B8 7/ = 8.6A6 78C3A3 013B; 8 0<:03
0<560280A3D

L/7 E8426A6 0H</A/A3 0<:H; </06 <1/0A3A6 0<560280A3 3 8AB:356A6 E;A6<6 B856 0A6 E:8013@ = 2896
=/0B6 B856 0A6 280313 3 =289/ 789/75/25/ ; B853= / 0A6 ;460A<8</13@ 2/;43A 46A6 E:3H</A3A3
45618<3A80A 0<89 C34/D
L/7/ C;76A6 ; 0A/25; 7/ E:3H</A3A6 0<856 E82/0/256 B856 2356 C318 376/128@ B/7/ E:3H</A33A6 0<85
<1/0A3A3 06B0;/123 3762A3A6A 3 E:3H</A3A6 B/B8 0A6 43562313 313 230A6 43562313 .3<8A ; =2893= </03=
.3<8A3=/@ ; </06= .3<8A; 46 06 8A<8:3A3 4H/B:/!462A/: B85 56 1843:/2 8B8 A3=;0/@ 3.= 675; g 3 _
4H/B:6D L:8. A8 =560A8 46 06 8A<8:3A3 26:<23 030A6= 3 32F8:= /4356 46 E846A3 A643 3 B:8. A8 = 560A8
46 06 </06 A35618 E846A3 :69626:3:/A3 3 B:6A/A3 E:6=/ C6.;<56A285 15;C/<3D

L/7 <3 E:3H</A3A6 3 30A:/.3A6 0<6 ; 46=; 0A6 ;460A<8</13@ 0A643 46A6 <646 :/.;=356</256 ./ 8<8
0A8 06 0/7/ 760/</ 2/ E1/26A3D #27/ 46A6 <3 78.<813A3 7:;93= / 7/ 87 0/7/ ;46 2/ ./ 253H
2/5C81585 =6187353@ 2/5C8153 = 89;43 2/432D $/ .6=153 06 0/7/ <:A6 :/.26 B/8A3426 = 6187356 3
0</B/ 87 253H 3=/ 0<85; 0<:H;D %<:H/ 56 7/ 06 85/4/ %(M(@ A/B8 7/ <3 = 8.6A6 E80A/A3
B8= E16A28 32F8:= 3:/23 8 0A</:280A3D +& 871;4;56A6 827/ 5/028 7/ 13 B:8. 0A</:280A .613A6 343
E;A6= </06 7;06 313 E;A6= </06 134280A3D

#:3932/123 E1/2 ./ .6= 15; 56 C38 7/ G6=15/ E80A/26 462A/: ./ :/.=562; 32F8:= /435/ 3. :/.1343A3H
9/1/BA34B3H 030A6= /D #:3932/123 E1/26:3 230; 73913 :;B6 87 A89 E1/2/D #23 0; C313 41/28<3 #C3A6153
%<56A1/ 3 26B3 87 </0 0; C313 0/ #:3932/123= ?1/26:3=/ 5/B8 E:3023D #056A3A6 A8 567/2 ./ 567/2
A:62;A/BD

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8<89/ 0A8 06 760/</ </085 <:0A3 2/ G6= 153@ A/B8 7/ =8.6A6 75618</A3 0/ =;7:80A3@ .2/256= 3
8E;0A628D #:3932/123 ?1/26:3 0; 5/B8 ;0E56023 ; 0=3015/25; 28<3H :6/1280A3 3 28<3H B;:06</
:6/1280A3D

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E80A853 3.</2 8C:/./4/ B853 0; </=/ E8.2/A3@ 0A</:3 0; 80A/16 E:6E;0A626 0/=6 06C3D '/B8 7/
</= / 15;73= / 06 4323@ 7/ 06 <64 87/<28 2/ G6=153 230; 760316 23B/B<6 ;C;7153<6 B8.=34B6
/</2A;:6D (<81;4382/:28 9167/5;43@ 3 2356 C318 A/B8 7;98@ /13 E80A8 0A6 <3 8EB81523 G6=/150B3=
<:6=620B3= 8B<3:3=/@ 4323 06 7/ 56 E:8018 <64 5/B8 E;28 <:6= 62/D

%<56A18 7/56 32F8:= /435;@ A/=/ ./7:./</ 32F8:= /435;D '/B8 7/ 46 ;C;7;46 ./ </0 C3A3 1/B06 7/
:/.13B;56A6 AB8 56 AB8 3 0A8 56 0A8 B/7 06 C;76A6 B:6A/13 3.</2 A:873=62.382/1289 E:80A8:/D %<6
0A8 A:6C/A6 56 7/ :/.13B;56A6 7/ 13 56 260A8 %+*(')# 3 7/ 13 </= 7/56 32F8:= /4356 313 56 A/=28 N
7/B16 !1/.6 </= 06 313 </= 06 26 7/5; 23B/B<6 32F8:=/4356D

%<56A180A 3 A/= / 781/.6 87 30A89 3.<8:/ N ?:/0A</:/A615/@ B853 56 0A<8:38 = 2896 M898<6
%A</:/A6156 7/ 37; E8 B:6/4353 3 80A</:;5; 25698<; <815;D ?:/0A</:/A615 56 7/8 8<3= M898<3= /
018C87; 7/ 0A</:/5; 0<56A8<6@ 7/ 8AB:35; B/B8 7/ F8:=3:/5; .3<8A@ B/B8 7/ E80A/2; 8798<8:23
$/7.8:2343 .3<8A/ 3 B/B8 7/ E80A/2; :873A6153 ./ E1/26A6 ; 9/1/BA34B3= 030A6= 3= / B856 0;
0A<8:313D Q43A3 N B/B8 7/ C;7; 78C:3 :873A6153 56 B820A/2/A/2 E:8460 B853 23B/7 26 E:60A/56D
M898<3 %A</:/A6153 0; 06C6 3. 0/= 89 0A<8:313 06C6 3 H:/2313 0; 253H8<6 0<56A8<6 3. 06C6 0/= 3HD Q
(93EA;@ E80A853 E:34/ 8 M89; %A</:/A615; B853 56 =/0A;:C3:/8 3 0A<8:38 0<356AD M89 56 ;.68 06C6 3
2/E:/<38 =/16 B8E356 3. 0/= 89 06C6@ A/B8 7/ 56 = 89/8 C3A3 ; 0<6= ; 0A8 56 0A<8:38@ / 26 3.</2
A89/D

#7 </0 06 A:/.3 7/ 80A</:3A6 E:30A;E 0564/25; B856 56 738 M898</ %A</:/A615/D 'B8 0; A3 M898<3^
'B8 0; M898<3 B853 0; 06 C8:313 E:8A3< 8<3H M898</^ 'B8 0; 26B3 87 A3H M898</ B853 0; 78013
8</= 8 3 B82A:813:/5; </0^
"38 </069 ./7/AB/ 56 7/ 06 056A3A6D

L/7 06 8</ C34/ <:/A6 2/ G6= 15;@ =2893 87 </0 46 :643\ O#H@ 7/@ A8 0; E:673<23 M898<3D #23 0;
A/B8 <6134/20A<623@ A/B8 F/2A/0A3423D ?89167/5@ 0A8 823 0<6 = 89;aP Q4323A 46 06 B/8 7/ 0; 78013
7/ 0E/06 0<356AD '8 56 A:62;A/B ; B856= 46 C3A = /18 A6.6 7/ 0/9167/A6 <64; 013B;D &.9167/A 46
B/8 7/ 0; 78013 7/ 0E/06 3 OE8E:/<6P </0 0<356A@ 78B 0; ./E:/<8 78013 7/ B:63:/5; 580 567/2
8C13B /;A8:3A6A/ 3 B82A:816D )5;73 46 ; <6.3 8<3H C34/ :/.<3A3 28<6 8C:/046 ;<56:625/ 3 3.9:/73A3 46
; 06C3 013B; 8 253= /D +873A 46 06 <613B6 B/=E/256 7/ </= 06 E:87/ E80A85/256 3 2/.84280A 8<3H
C34/D *67/2 A/B/< E:89:/= 56 ;E:/<8 ; A8B;D

+& $&%'( L-# =/06 2/ .6= 153@ 56: <3 0A6 41/28<3 #C3A6153 %<56A1/ 3 <3 .2/A6 0A</:3 B856 7:;93 26
.2/5;D
+3 46A6 .2/A3 0A</:3 B856 80A/13 2646 .2/A3D +& 46A6 567280A/<28 .2/A3 7/ 8</ C34/ 26 781/.3 87
%<56A180A3@ 567280A/<28 46A6 A8 .2/A3 ; 7;C323 </069 C34/D +/= 46 =8.7/ C3A3 .18 87 7:;0A</
B856 8<8 2646 .2/A3D >2893 15;73 46 E846A3 8C8./</A3 A/ C34/@ 56: 46 3= 06 4323A3 7/ 06 760/</
4;78@ 7/ 06 760/</ 2/5<643 = 89;43 789/75/5 ; E8<3560A3 0<356A/D J323A 46 06 B/8 7/ 0;
48<564/20A<; 7/26 28<6 =89;4280A3@ 7/ 781/.3 56728 .1/A28 78C/D
#27/ 46 7843 78 <613B89 3.262/75625/ 3 15;73 46 0H</A3A3 7/ 56 A3:/235/ +(J- $(,# &L-"- ?K&*(D

K/73 06 ./E:/<8 8 A8=6 7/ %+-'L# ?#%'-$ ( %+#* +)-%'&'& ,#%?#"-K 3 7/ 06 E1/26A

Q*("&$&D
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&= / E;28 823H B853 E/72; ; 6B0A/.; B/7/ 8AB:35; 28<3 /;A8:3A6A@ 5672; 28<; 013B; 0<356A/@
567289 28<89 M89/@ C318 0A/D

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A/B8:643 <1/0A3A; G6=15;D

+3 0<3 ;43A6 8 /;A8:3A6A;D 'B8 56 06F C34/ B85/ 0; 0/7/ 8<756^ 'B8 56 253H8< M89^ 'B8 56 253H8<
/;A8:3A6A^ '/5 /;A8:3A6A 06 <:/4/ 0/7/ 2/ G6= 15;D Q 8<8= 6 56 16B435/ ./ G6=15;D #</ C34/@ B85/
230; 23 0E3:3A;/128 32F8:=3:/2/@ 23A3 3=/5; A6.25; 7/ ;46 8 0E3:3A;/1280A3 2693:/5; E80A85/256
0E3:3A;/123H 02/9/D K/.<313 0; 2/;426 = 6A876 3 A6H28189356 B856 A8A/128 3928:3:/5; ./B826
0E3:3A;/1280A3D

+3 = 8.7/ = 3013A6@ C;7;43 7/ E8.2/5A6 0E3:3A;/126 ./B826 313 ; 253H <56:;56A6@ 7/ 46 0</AB8
567289 7/2/ E:3H</A3A3 0E3:3A;/1280A@ 0/=8 A:6C/ 7/ 56 78<81528 :/.<3562D
'8= 6 2356 A/B8D
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0E3:3A;/1289 :/.;= 35/</25/D +-G$# 56 7/ 8<8 :/.;=356A6D
"843 46 C34/ 2/ 8</5 E1/26A 3 3= /A3 0E808C280A3 B856 46 15;73= / 75618</A3 /E081;A28
26<56:85/A28D
-13 A/ C34/ 2646 3= /A3 80564/5@ 56: 230; ; E8A:/.3 ./ 0E3:3A;/1280A3D
$/:/<28 7/ 0</B8 C346 2/ G6= 153 3 ; 435618= 0<6= 3:; 3= / 3.C8: 7/ E:8C;73 0E3:3A;/1289 %(M(D
-13 N C/0 0</AB8 06 26 871;4;56 2/ A/5 B8:/BD

L/8 0A8 3 2/ G6=153 E80A856 =8426 3273<37;6@ B856 26= /5; 23 2/5=/25; E8<6./280A 0/ 0<853=
80564/53= / N 23B/B<; 6= 84382/12; 313 0E3:3A;/12; 0<3560A@ A/B8 E80A856 3 C34/ ; 0<6= 3:; B85/ 0;
<:18 = 842/ 3 26= /5; 23 A:;2B6 0E3:3A;/1280A3 ; 06C3D
#</ C34/ 0; 5/B8 = 842/D L/7 C3 3H <3 0:613@ 80564/13 C3 0A6 06 B/8 "/<37 E:8A3< ,8135/AH/D G-'#
56 5/B8 </.28 ./ </0@ 7/ 2/;43A6 B/B8 7/ E:8= 5623A6 0<85; 0A</:280A@ A/B8 7/ =8.6A6 E160/A3
3.=675; F:6B<62435/ 313 3./C:/A3 82; 0A</:280A B85; .613A6 7/ 30B;03A6D

%/7/025/ F:6B<62435/ B82A:816 2/ G6= 153 56\ G613= 3= /A3 260A8 0A8 4; 8C8./</A3 3 46=; 4; 06
73<3A3D
#</5 E1/26A 56 ;E:/<8 2/ E;A; 7/ B:63:/ 26B89 313 260A8 28<8 ./ 8C8./</256D QE:/<8 A8 56
5672/ E8A62435/12/ H8189:/F0B/ E:856B435/\ $ #+& M#, ./ 8C8./</256D M898<3 %A</:/A6153@ :6EA313@
.2/5; 7/ 56 253H8< 0A/:3 E1/2 ;E:/<8 2/ 3.= /B; 3 0/7/ 2/= 56:/</5; 0A<8:3A3 28<3 E1/2@ 5672;
28<; 73<6:.35;@ 28<3 2/432 B/B8 7/ </= 580 <306 ;.=; </0; =84D

GM#, '#,- N +&%( $(,# &%'- N %)Q%-*'( %(M(D

%1;0/5A6 ;2;A/:25; E8:;B; B85/ </= 781/.3 B:8. </0 3 0B18E3A6 E:35/A6150A<8 0 258= D
+3 0/=3 = 8:/A6 :/.8AB:3A3 :6/1280A 3.2;A:/ 3 A/B8 :6.3:/A3 0<85 <1/0A3A3 .3<8AD '# 56 E8B182@ B853
</= 56 7/2 ; G823 018C8726 <8156D

Q G823 018C8726 <8156@ 7/ C3 C/1/20 3.= 675; E81/:3A6A/ C38 = 89;4@ = 8:/5; 0<6 0A</:3 C3A3
78.<815626@ 4/B 3 A3:/235/D
Q 8<85 G823 018C8726 <8156 0</AB8 56 8C7/:62 0/ E8A62435/18= 7/ B:63:/ 0<85; <1/0A3A;
0A</:280AD '/B8756: 56 3 3.C8: 018C8726 <8156 N 78.<813A3 26B8= 7:;98= 7/ B:63:/ 2/0 :6/13A6AD
+6432/ 15;73 2/ G6=153 "#G+#)*-+- 26B8= 7:;98= 7/ 3= 73BA3:/ 253H8< <1/0A3A3 :6/13A6AD L:8.
B82A:81; F:6B<624356@ <3 0A6 78<67623 78 A89/ 7/ 8798<8:6 A:/.3A6 3.</2 </0D L/7 06 28<3
M898<3 E85/<6@ <3 0A6 0E:6=23 7/ 3H 8C8./</A6D & A8 A/B8 376 7/156 3 7/156D
#23 B853 B82A:813:/5; F:6B<62435; 2/ 8</5 2/432 0; 3.9;C15623 ; 30A85 A85 0A</:3@ / <3 0A6 253H8<8
89167/18D L/7 E8426A6 .3<56A3 0<85 .3<8A %>*()# 2/ 8028<; </069 ;2;A/:2569 <870A</@ 0<6 06
=5625/ B8=E16A28D '8 06 0/7/ 760/</ 2/ = 2893= = 560A3= /D

L/8 0A8 = 3013 E;A;5; 2/ G6=153@ A/B8 E80A856 3 E;A6<3 B853=/ 06 = 3013 = 89; 01/A3 B:8. 0<6= 3:D
>:6.2/ 0A:;BA;:/ 3 B:6/A3<26 B8.= 34B6 .:/B6 0; 75618<3 32A6:9/1/BA34B89 030A6= / B853 0/156 828
0A8 <3 <56:;56A6 2/ 7:;9/ = 60A/ E80A85/25/D '/B8 0A6 3 <3 7/2/0 N 5672/ .3<;4/ 320E3:/435/
7:;93= / N 320E3:/435/ B85/ 06 0/156 ; 7:;96 030A6= 6D

$/ 30A3 2/432@ 2/ B853 = 3 <;46= 8 626:935; 3. 7:;93H 030A6= / ; </0 030A6=@ <3 0/156A6 626:935; ;
7:;96 030A6= 6 3 ;A5646A6 2/ 253H@ C6. 7/ A8 .2/A6D >3 .613=8 7/ 0H</A3A6 </0 ;A564/5 3 = 84 B85;
3=/A6 7/ ;A5646A6 2/ 030A6=6D
+3 4/B 23 26 .2/A6 B813B8 0A6 =8423 3 B813B8 <3 = 8.6A6 C3A3 8E/023D +3 0A6 2/ 06C6 E:6;.613
26<56:85/A2; B813432; 8<6 =;A/43826 626:9356D %A8 46A6 ;4323A3 0/ A3=6^ $/ 0A8 46A6 5; ;E:/<3A3^
"/ 13 <813A6 06C6^

#:3932/123 E1/26:3 3= /5; E;28 <306 ; E1/2;\ 823 3= /5; 2/= 56:; 7/ E:8= 5626 ;23<6:./12; "$ -D
#23 .616 7/ 43A/< 0<6= 3: 8:B60A:3:/ 5672; 28<; 03= F8235; 0<560280A3D #23 26 .616 0/= 8 7/ 0; 2/
G6=153 E828<28 0<6 F:6B<624356 E:30A;E/426@ 823 .616 E;28 <306\ 823 .616 7/ 06 E873926
<3C:/435/ 43A/<8= 8<8= 0<6=3:;D #23 A8 2/=56:/</5; E80A343 A/B8 7/ 7875; ; B15;426 .826@ A;
06 32F31A:3:/5; 3 A/B8 E80A392; 03= ;1A/2; 3= E18.35;D "603A 46 06 ;23<6:./128 C;756256 ; A3=
B15;423= 462A:3=/@ A/B8 7/ 46 ; 56728 87:6756228 <:356= 6 435613 0<6= 3: E:8=5623A3 F:6B<62435;D

#:3932/123 ?1/26:3 0; 06 ./18.313 ./ 32A6:606 ?:/0A</:/A615/D ?:/0A</:/A615 ;43 87 0<3H 0A</:3 B856
69.30A3:/5;@ 56: 82 56 ; 0<3= 0A</:3= /D L/8 0A8 <3 ;43A6 7/ 435623A6 0<856 16B4356 B856
=/23F60A3:/A6 ./ 06C6@ ?:/0A</:/A615 435623 43A/<; B:6/435;D ?:/0A</:/A615 78.<815/</ B:6/4353 7/
E80A853 3 ;43 8 0<8= <1/0A3A8= E8A62453/1; E80= /A:/5;43 828 0A8 56 0A<8:38@ B/8 0A8 = ;7:3
:873A6153 ;46 87 0<856 75646D ?:/0A</:/A615 A:6C/ </0@ 7/ 3./756A6 </2 3 7/ = ; 78260A6 2/528<35/
8AB:34/@ A/B8 7/ 82 A8 = 8.6 30B;03A3 3 :/.<35/A3 06D

?:/0A</:/A615 B8246A:3:/ 0<85; 626:935; E:6=/ 8<85 G823 018C8726 <8156@ 56: 56 ; 56728=
=8= 62A; ; C;7;4280A3 <3738 B;7/ 8</5 6IE6:3= 62A = 8.6 78<60A /B8 06 80A/<3 C6. 2/7.8:/D
(26:935/ C3 = 891/ 3.=/43 B82A:813 3 E:6;.6A3 7:;9; 626:935;D ?80A853 <613B/ = 89;4280A 26B813B8
0A8A32/ 313 4/B 26B813B8 A30;4/ 98732/ 73BA/A8:0A</ ; 8<8= ;23<6:./128= 030A6= ;D &. 567289
=560A/ ; 7/16B85 C;7;4280A3 8</5 6IE6:3= 62A 56 0/7/ E:6;:67562@ 25698</ 6062435/12/ 626:935/
06 =5625/ 3 A:/20F8:=3:/D +& 0A6 738 A6 A:/20F8:= /4356 N <3 376A6 ; :/.1343A3= = /0B/= / ;
;2;A:/02580A 030A6= / 3 C;73A6 06D

)5;70B3 738 ; </=/ 87:675;56 N AB8 E:3E/7/ "8C:3=/@ / AB8 )803=/ 3 AB8 56 AB8 ; 0<6= 3:0B85
H356:/:H353D $ / 8<; A6=; 3=/ 5/B8 E;2 13A6:/A;:6 3 <3 0A6 0<6 A8 E8B;E8</13D M/43A6 0<6 A6 37656@
0<6 3 5672;@ ;B15;4;5;43 3 82; 8 A8= 6 AB8 0= 8 =3D

Q 23.; 013567643H 98732/@ 823 B853 7875; 0/ 26C/@ = 8.7/ 2646 C3A3 41/28<3 #C3A6153 %<56A1/D #23 46
C3A3 89167/18 15;73D >& 0=8 </= :6B13 7/ 56 </0/ 16B435/ 0/7/ -Q'#K&'('\ E80A/23A6 0/= %+#*
/;A8:3A6A 3 E:60A/23A6 7/</A3 7:;93= / 7/ 871;4;5; ;= 560A8 </0 N <1/7/=/@ :873A6153= /@
;43A6153=/ 313 M898<3=/D +K&*(>( *( 7/ <3 15;73 E80A/26A6 0;<6:623D

?8A:6C28 56 7/ 15;73 C;73 E:<8 E:6</:623@ 7/ C3 E80A/13 0<56023D >2893 87 </0 46 C3A3 5/B8
F:;0A3:/23D +& 46A6 <3756A3 0A</:3 B856 7:;93 2646 <3756A3D+& 46A6 78.3<56A3 B816BA3<28 1;7318 2/
8<85 E1/26A3 3 2646A6 =843 .3<56A3 0 A3= 6D +3 46A6 <3756A3 B/B8 06 =/06 15;73 8B:64; E:6= /
56728= )-G$#> M89;D

+3 E81/B8 E843256A6 80564/A3 0A8 C3 06 = 8918 789873A3D $803A3 %+*(')#%' 56 0A:/0/2 ./7/A/B\
56728= B/7 56 ; </06= A3561;@ A; 26= / B:/5/D $6= / A; 827/\ O"/56= 8AB/. B87 '3=/
%<56A180A3@ 26 :/4;2/5A6 <306 2/ = 626DP
$6B3 87 </0 = 8.7/ .616 7/ ;4326 A/B8 260A8@ /13 B/7 56 %+*(')# A;@ A; 56D

>3 .613= 8 7/ <3 0H</A3A6 7/ A/ C34/ 2/</06= E1/26A; 3 8B8 </069 E1/26A/@ B856 <3 0= /A:/A6
O)803= "64B3= /P@ B853 0; 0B18E313 ;98<8:6 0/ </03= <1/7/= / N 823 06 C8:6 0/ 30A3= A6=/= /
B/8 3 <3D #23 0; C34/ B85/ </=/ :6F16BA3:/5; </0/ ;<56:625/ 3 </06 7:/= 6D #23 0; 8EA;.623 ./
87<:/A28 E82/0/256 B/8 2/ E:3= 56: 8A= 346 3 6B0E6:3=2A3 2/ 15;73= 3 .3<8A325/=/@ B856 56
3./.</18 ;./0 B87 8:9/23./435/ B856 E:8;4/</25; Q]#6D

'/ C34/ 0; 2/ B824; B824/ 0/=8 89167/18 7/ </= E8B/.; </0 <1/0A3A3 0<356A\ 0/ 43= 06 <3 =3:3A6
3 2/ 0A8 E:30A/5A6 C6. E898<8:/ 3 0A8 78.<815/</A6 7/ </03 <8756 2/ 435618= 0<356A; :/76^ L/B<8
56 </06 E:6E;0A/256 <1/7/=/ 3 =67353= / N 3 B/B8 56 2/432 2/ B853 0A6 <3 87 </06 <1/76 3 =6735/
B8:30A623 7:;94353 87 2/432/ 2/ B853 </0 </2.6=/1543 30B8:30A</5;^ +/2.6=/1543 B853 781/.6
8</= 8 26 :/76 230A/ 7:;98 87 8289 0A/ </0/ <1/0A3A/ <:0A/ 30A8 26 :/73D

>/06 "#G+#)*-+-*Q 253H8<3= <875/=/ 7/ :/76 0A8 987 E8.616 ; 253H8<8 3=6@ 56: = /06 26
Q%'-*Q 3 B/.;\ OR(*@ 5/ 06 26 01/.6= 0 A3= aP $/ .6= 153 <1/7/ 5/B8 E;28 E/03<280A3D %<350A B85/
<1/7/ 2/ G6=153 56\ O'& '# QK-" & G- > ($(D $6 .613= C3A 8798<8:/2D '& C;73 =85 E:670A/<23B ;
<1/73D '& C;73 >#* QJ&'()*D '& MQ"& >#* %(]D $6B/ = 3 $('L# B/.6 0A8 7/ :/73=aP

+/2.6= 15/43 </= 8<8 0<6 0/=8 E8B/.;5; B/8 ; 89167/1;D %564/A6 06 F31=/ 3 06:356 O+PB853 0;
C313 E:3B/.3</23 2/ A616<3.353 ^ U HAAE\dd= 8<360Dh/H88D48=d= 8<36dVX[[cgVXWWd76A/310i8E!E:6<DZ
#</5 F31=d06:35/ </= =8.6 7/A3 3765; 8 A8=6 B/B</ 0; C34/ B85/ 46 7843 3. 0<6= 3:/j 26B3 15;73
46 .C315/ 8C8./</A3 8</ C34/ 3 =3013A3 7/ 0; 823 /E081;A28 = 8423D >& </= B/.6= 8 7/ 46 06 8</5
0462/:38 E8B/./A3 B/8 A84/2D Q A8B; 56 0A/E/256 15;70B6 0<3560A3 0/ </2.6= /150B3= E:30;0A<8=
2/ 8<8= E1/26A;D QE:/<8 ;C:./28 :/0A6 O=/:B6A329P ./ A8D

>2893 87 </0@ B853 0; 06 32F8:= 3:/13 3 B853 ;B15;4;5; 253H8< B:3A34B3 :/.;= 46 C3A3 0H8B3:/23
91;E3= 2/4328= 2/ B853 46 80A/A/B 48<564/20A</ 376/130A3428 8C8./</A3 8</ C34/@ B853 46 06
E:670A/<3A3 B/8 </03 B:6/A8:3@ 3/B8 26= /5; A3561/ B85/ 1346 2/ </0D M3A 46 A6H28180B3 :/.<35623 3
=843 46 :/73A3 :/.26 0A</:3D > 8.7/ 46 3.135643A3 313 E8=843 3.135643A3 26B6 C8160A3 L#*&>- %Q %->&
?K&*( '#,- ?K&"#$&*()&@ A/B8 0A8 0; 2/;4313 </06 .2/20A<623B6 <873A3 :/A C/BA6:38180B3= 3
C38B6=350B3= 0:670A<3=/D

+/= / 46 06 A8 9/73A3@ 56: </= / A8 0 28<3= M898<3= / 2646 8798</:/A3 3 <3 46A6 06 E8<;43D
K-GQ>&*('( 13 <3 7/ C3 </03 28<3 M898<3 = 8913 C3A3 9;0A6:3D +& =3013A6 7/ 56 A8 = /18 0=356028^
%/= 8 06 7:.3A6 4<:0A8 ./ </0/ 0567/1/@ 56: 26=/A6 E85=/ 0A8 781/.3D "- </= =3 B/.6= 8 0<6 8
A8= 6 0A8 46 7843@ <3 C3 06 0E/B8</13 3 8A3013 C3 7/<23H 7/2/D

&= / 3 823H B853 0; 7<80A:;B3 /962A3 ! ./E801623 0; B87 8C/ A3= /D >& .613=8 E:87:=/A3 </0/
;<56:625/ 3 .613= 8 :/0A692;A3 3 8= 6B0/A3 </0 3762A3A6A@ 56: = 3 </0 E:3E:6=/= 8 ./ 260A8D -B8 0A6
?K&?K(>)*($&@ =843 46A6 06 8AH:</A3 2/56.73 789/75/5/ B853 C3 </0 32/46 0H:</13D

#L@ 7:/93 15;73@ E:67 </= / 56 5672/ /</2A;:/ 3 0/= 8 <3 =8.6A6 E:843 B:8. A8D $6!F3.34B3 0<56A8<3
</0 B820A/2A28 E87:./</5; 3 41/28<3 #C3A6153 %<56A1/ 0; ;<356B E8:67 </0D -13 2/ B824; B824/ N
2/ </= / 56 7/ ;.= 6A6 0A</:3 ; 0<856 :;B6@ 7/ 8<1/7/A6 32F8:=/435/=/ B856 0= 8 </= =3 7/13 3
7/ 3H ;037:3A6 ; 8<8= E1/26A;D

L/7 E8426A6 .3<56A3 828 0A8 </0 =3 ;43=8@ B/7 E8426A6 +*(K#+-'& +-%(> &"($'&'('Q@ A8=6
7/ 8</5 E1/2 3= / 0=301/@ 7/ 0A6 <3 738 E1/2/@ 8AB:3A 46A6 7/ 0A6 0E808C23 4/B 3 ; <:356=6
2/5<643H B:3./ E:B803A3 ./B823= / 48<564/20A</D

M898<3 %A</:/A6153 3= /5; 0<856 <1/0A3A6 B:6/A8:6@ B853=/ A6.6 ; 0<8585 6<81;4353D %B8B ;
0<560280A3 3.= 675; M898</ %</:/A615B/ 3 253H8<3H M898</ 06 76038 ; B82A6B0A; = /23E;13:/25/
0<56A8</ 3 0<6= 3:/@ 26 2;.28 ; B82A6B0A; = /23E;1/4356 <:0A/D +3 B/8 <:0A/ 0A6 =/23E;13:/23 ;
<613B8= C:85; :6/13A6A/D
+/0 56 ./7/AB 7/ 8AB:356A6 ; B813B8 :6/13A6A/ 30A8<:6=628 <3 E80A853A6D M34/ B85/ </0
=/23E;13:/5; = 8:/5; 8AB:3A3 N A8 560A 253H8< ./7/A/B 56 7/ 8AB:35; ; B813B8 0<56A8</ 823
=/23E;13:/5; :6/1280A3=/D
M898<3 0A</:/A6153 .82913:/5; :6/1280A3= /@ /13 AB8 .82913:/ 253H8<3= :6/1280A3= / 3 AB8 3H
E80A/<15/ ; 0<6 8<6 0<56A8<6^

%+( #+# %( >#G( #%*('&'&D "8.<813A6 </03= = 8.7/23= 0A/234/=/ 7/ 06 E8B:62;@ C6. 7/ 06
</0 :/4382/123@ 0<56023 :/.;= 87=/H ;B15;43 3 .613 0<6 76F323:/A3 78 ./72569 76A/15/D

#<8 30B;0A<8 E843256 A/B8 7/ E:<8 ; 06C3 :/.<356A6 #%*(J-* 3 827/ 567289 7/2/@ ; 56728=
A:62;@ 567289 E8E8726</ 3=/A6 = 8.7/ 567/2 E:6E1/<15;5;43 80564/5 %?#G$-*( 3 0/.6A/B A30;4/
0A:/234/ 8.3<15/</ ; E6A 06B;273 C8./20A<626 6B0A/.6D

4(%5-657& 9 ! 'B8 ; 06C3 2803 )3235; %<56A1/^

+3 7:.3A6 E8<3560A 0<6=3:/ = 6= 8:3:/2; ; </03= A35613=/D +/06 A35618 = ;A3:/ 0/7/ 7/ C3 567289
7/2/ =8918 87:./A3 A6 32F8:=/4356 ; 06C3D

#<8 06 760/</ ./H</15;5;43 C389626A0B8= 32.6256:0A<; ; B856= <3 808C28 26 0;7561;56A6D +3

=8.6A6 2/:/<28 81/B0/A3 E:8460@ /B8 E80A/</A6 2/= 56:; 7/ B88E6:3:/A6 0 253=D L/8 <:0A/@ <3
0/7/ C3</A6 9626A0B3 =5625/23 87 C34/ B85/ 0; </0 0A<8:31/ 3 B85/ ; 87:675623= <:6=620B3=
A84B/=/ </06 E8<3560A3 :673./523:/5; </0; "$-D

#<8 <:6= 620B8 :/.78C156 56 73./523:/28 87 8:3932/123H M898</ %A</:/A615/@ 823 781/.6 2/A:/9
2/ 8<8 = 560A8 3 <:/4/5; 0/7/ 0<85 8:3932/123 E1/2D
>313823 C34/ 0; C313 E8.</23 7/ 0;7561;5; ; 8<8= E:856BA; 3 = 313823 87 +-% 0; :6B13\ O"-@ =3 0= 8
C;2A8<2343D &76=8 E:6;.6A3 8</5 E:856BA@ = 3 46=8 018.3A3 0<6 2/A:/9 ; :67@ =3 46= 8 0:673A3 A6
:;06<326 3 = 3 .613= 8 <3756A3 7/ 13 2/= A8 =8.6 ;0E56A3DP

'/B8 0; 06 E84613 4:A/A3 2/4:A3 3 E1/28<3@ 0A;73:/1/ 06 9626A3B/@ 7/ C3 06 8AB:318 AB8 2803 ; 06C3
:64603<26 9626 3 )3235; %<56A1/D +& 0A6 0/ 2/5<648= E/.258= 3./C:/13 :873A6156 B853 0; </0 =8913
8C6.C35673A3 0/ 2/5<306 = 89;46 0<56A18023H B873:/23H <1/B/2/ B85/ =89; 6<81;3:/A3 7/156D

?:356 2698 0A8 0A6 ;013 ; A35618@ 0<3 <3 0A6 06 8C/<6./13 0A<8:3A3 03A;/4356 ; 8<8= .3<8A; B856 46
E8A/B2;A3 </06 B873:/256 3 B856 46 /BA3<3:/A3 </0; =6= 8:35;D #27/ 0A6 78013 ; A35618 3 ./C8:/<313
0A6D %<3 <3 3=/A6 0<856 2/4:A6@ E1/28<6 3 B873:/256 3 A8 B873:/256 56 78 56726 3.<56026 =56:6 <64
/BA3<3:/28 ; </= / N 56: 0A6 <3 435613 .3<8A .2/13 7/ E80A853 567/2 M8./20A<623 E1/2 3 0<:H/ 3 7/
0A6 +& "&# '#, ?)-$-D

-BA3<3:/256 3 8A</:/256 </069 B87/@ B/8 3 :6/13./435/ </069 3762A3A6A/ 46 C3A3 F628= 62/128
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46 06 E846A3 0E/5/A3 0/ %30A6= 8= 87 V` 4H/B:3D

V` JH/B:3 0; <:A18.3 B853 0; 30E;25623 32F8:=/435/=/ 3 <3 =8:/A6 = 843 E:6<60A3 A6 32F8:=/4356D +&
6<8;1;3:/A6@ 4/B 3 B/7 230A6 2/ E1/26A3 3 B/7 0A6 =8.7/ <306 32<81<3:/23 0/ </03= 7:;93=
3762A3A6A3= / 06C6 2698 0/ 8<3= 3762A3A6A8= 2/ G6= 153D

"/ C3 6<81;3:/13@ <3 3./C6:6A6 5/B8 3./.8<26 03A;/4356 ; B853= / = 8:/A6 2/:/0A3 3.2/7 %+(,- 0A8
0A6 780/7/ 0= /A:/13 0<853= 89:/2346256= D +& = 8:/A6 E80A/A3 %Q?(K!C34/@ 0<656728 ; B8585
:6/1280A3 06 2/1/.3A6@ 56: B/8 41/2 #C3A6153 %<56A1/@ 89:/2/B MQ$'#+$&J &@ 8<8 56 </0/ 5/432/D

+3 0A6 2/= 56:28 78013 2/ G6=15; 7/ 03 7/A6 A/B/< &G-G#+@ A/B8 7/ =8.6A6 E:;.3A3 #'?#K N 26
2/ 2/432 7/ </= 0A<8:3 E:8C16=6 313 7/ 0A<8:3 B82F13BA6@ 2698 2/ 2/432 7/ 80A</:3A6 H/:=823423
8AE8:D L:8. </0; H/:= 8235;@ <3 06 8E3:6A6 0A/:85 F:6B6<624353D

*67/2 738 2/E6A80A3 B85; 80564/A6 E:6= / 7:;93= / 2/0A/56 A/B8@ 56: <3 06 2/1/.3A6 2/ </06=
?Q'Q 3 2/E:67;56A6D "KQ, &>- 06 A8 26 0<375/@ 56: 823 230; B873:/23 7/ ; 8<8 <:356=6 :6/93:/5;
82/B8 B/B8 <3 :6/93:/A6D $6B3 15;73 230; ;8E46 B873:/23 ./ 8<8D $ 6B3 0; .2/13 ./ E1/2 3 ./
E:8=5626 3 78013 0; 8</= 8 7/ C3 E:8=/A:/13D $6B3 0; 78013 56: 0; .2/13 7/ /B8 C;7; 3= /13
H:/C:80A3 7/ 7875; 2/ E1/26A; 435/ 06 0A:;BA;:/ A6= 61528 =35625/@ 7/ 46 A8 E8<64/A3 253H8<;
0<3560A 0/= 3= A3= 0A8 0; 78013 2/ E1/26A; 3 0;75618</13 ; 8<85 E:8= 5623D

%/= 8 3 C3A3 ; C13.323 8<89 789/75/25/ 7/56 02/9;D '/B8 7/ N 435623A6 0<6 826 B853 0; 78013 2/
E1/26A; %-"- 7/ C3 ;460A<8</13 ; 8<85 E:8= 5623 F:6B6<624356D %<3 8<3 ;4602343 0; E8A:6C23@ 56:
43= <306 06 F:6B<624356 ./7:./</ 2/ E1/26A3@ A3= <306 626:9356 06 = 8.6 E:6:/73A3 3 E:8=5623A3
0A/:/ F:6B<62435/D #23 B853 0; 06 8A<8:313 %+*(')Q ! 253H8</ A3561/ E80A/5; 78018<28
:60A:;BA;:3:/2/D $6B/7@ <3 06 E:8C;73A6 ; 0:67 2843 3 78018<28 80564/A6 A8 :60A:;BA;:3:/256D #<8
:60A:;BA;:3:/256 A3561/ 56 :60A:;BA;:/ </06 "$-D

+/0/ " $- 56 56728 <1/B28D G2/20A<62343 B853 0; 78 0/7/ 7/13 0<6 87 06C6@ =8913 0; 3762A3F343:/A3
0/= 8 87:675626 735618<6 "$-D $/013 0; A/B8756: 735618<6 "$ - B856 0; 0=/A:/13 26E8A:6C23= /@
56: 230; =8913 78B;43A3 253H8<; 0<:H; 3 2/.</13 0; A6 735618<6 O5;2B "$-P U0= 646 "$-ZD -)& A3
.2/20A<62343 9:35606D

>& 0=8 E:34/13 7/ 0; </0 2/E:/<313d B:63:/13 M898<3 %A</:/A6153D $/E:/<15623 0A6 B/8 B;4/ B85/
=8.6 C3A3 2/789:/7562/D %/7/ 56 <:356= 6 ; B856= 823 B853 0; </0 0A<8:313 N 787/5; 580 260A8
$#+# ; </0; "$-D #28 0A8 .2/20A<62343 .8<; O5;2B "$-P 06 0/7/ /BA3<3:/ ; </=/D Q 2/03=
;46253=/ =3 ;<356B 3.28</ 2/91/0/</= 8 8C89/43</256 </06 B:<3 0/ L&%&L#>@ 56: L&%&L 5/4/
B873:/256 3 MQ"& O5;2B "$-O ; </06= A3561; B85/ 56 0<6 80A/18 0/=8 26 0=646D

#28 0A8 .2/20A<62343 .8<; 5;2B "$- 56 A6= 615 ./ B8=E16A2; E6:46E435; N *Q$L "$- 46 </=
8=89;3A3 7/ E80A/26A6 B8= E16A28 46A<6:873= 62.3821/28 C346D #</ 5;2B "$ - 46 E:8=623A3 </0
<37@ </0 01;H@ E:87;.3A3 </0 .3<8A23 <356B 3 A/B8 7/156D #<3 ;0E/</23 75618<3 "$-@ B853 0; ./
.2/20A<623B6 6239= /@ 0/7/ 06 C;76 ; .3<8AD

+3 = ;A3:/A6 A/B8 C:.8@ 7/ 3.<56023 .2/20A<62343 0= /A:/5; A/5 E:8460 C81604;D $6B3 0; <:18
./C:32;A3 .C89 A89/D#23 0; ;<56:313 <1/7; 7/ ;18.3 = 3135/:76 781/:/ ; 30A:/.3</256 "$-D #28 0A8
06 760/</ 0/ </03= A35618= ./039;:28 2356 C8160A@ <3 = ;A3:/A6 E:3:8728 3 :60A:;BA;:3:/A6 06D #</
=;A/435/ 06 789/75/ 2/546046 78B 0E/</A6 A/B8 7/ = 8.6 C3A3 7/ 06 E:8C;73A6 ;5;A:8 3 8056A3A6
7/ 06 80564/A6 26B/B8 7:;9/4356@ 7/ 56 260A8 7:;9/4356 ; </06= A3561;D >8.6A6 846B3</A3 7/ 46
06 E:8=5626 E846A3 E8B/.3</A3 3 7/ 46A6 :/.<3A3 28<6 0E808C280A3D
+& 46A6 =2896 0A</:3 /;A8= /A0B3 567280A/<28 G$-'&D

#:3932/123 E1/26:3 48<564569 A3561/ 0; C313 78C:82/=56:2/ C34/D #<3 M898<3 0; </0 C389626A0B3
<:18 <613B87;028 8C7/:313 0/ 26<56:85/A28= 7;H8<28= <3A/1280A3 3 F/2A/0A3423= 0E808C280A3=/D
+613B/ B813432/ A3H 32F8:=/435/ 56 E8H:/2562/ ; :/.C/4/23= 3 :/0E:0623= B873:/23= 0<56A18023=
<1/B23= /@ B853 06 %-"- E828<8 :6!0A:;BA;:3:/5;D

+/06 B80A3 3 </0 0B616A 0; E8<6./23 0/ A3= 32F8:=/435= /D

L/7 56 </0 0B616A E:/<3128 30E:/<1562 3 E8:/<2/2 ; 5672; 13235;@ <3 = 8.6A6 B8:30A3A3 626:935; 3.
3.<56023H OE87:;45/ 02/96P@ B8.= 34B6 .:/B6 06 O78<1/46P ; </06 A35618@ B873:/2/ 0<56A1802/
<1/B2/ ; </06= A3561; 06 E84325; :68:9/23.3:/A3 3 <3 46A6 0E8.2/A3 7/ 06 =5625/A6D '/ E:8=562/
46 C3A3 E:30;A2/ B;7 987 7/ 06 8B:626A6D

#</5 0/7/0253 6<81;4382/:23 030A6= 56 73./523:/2 87 M898</ %A</:/A615/@ 7/ </= E:3C13.3 28<6
73=62.356 8728028 F:6B6<624356D

%30A6= 56 3.9:/7562 2/ :/.<85; V` 0E3:/1/ 313 H613B0/@ B856 0; E8<6./26 0/ V` JH/B:3j Y ;

</06= A3561;@ _ 3.</2 2569/D '8 56 2/432 2/ B853 030A6= F;2B43823:/D G/ 8<; 6<81;435; H613B0/ ;
A3561; 06 = 8:/8 2/43 567/2 ./567234B3 2/.3<23B A/B8 7/ C;76 8C;H</462 3 2/578253 23<8
F:6B<624356D

&= / 3 15;73 B853 46 343 3 7/156 87 V` 0E3:/1/D > 675;A3= @ 9626:/128 9167/5;43@ 0A;E/25 0<560280A3
48<564/20A</ 26 =8.6 780643 A/B<; /B4616:/435;D G/ 15;76 <64 E:670A/<15/ <613B3 0B8B :/.<3A3 06
87 ` 0E3:/16 ; V` 0E3:/1/D
$6B3 15;73 46 F;2B43823:/A3 0/ V` 0E3:/1/ ; 2/5B:/46= :8B;@ 78B 46 7:;93 A6B 2/ B:/5; 7606A1564/
780A343 A/5 0A;E/25D '8 E8A346 87 A89/@ 7/ 0</AB8 E:3= 3 3273<37;/128 F:6B6<62435; A6B 827/ B/7
56 0E808C/2 A; F:6B6<2435; 3 32A69:3:/A3D >2893 06 3 0/7/ 2/ E846AB; E1/2/@ A60B8 2806 0/
E:8=562/=/D +6432/ 48<564/20A</ 56 ;C3567562/ 7/ E80A853 0/= 8 567/2 :6/13A6A 3 7/ 803= A89/
26 E80A853 230A/ 7:;98D #</5 E89167 2/ 0<356A C3 = 891/8 .2/43A3 E/7 48<564/20A</D

L/7 0E3:/16 ; 48<56456= A3561; E:6;.= ; 0<; 0<85; F;2B453;@ C;73 06 56728 ;2;A:/0256 .2/256
B856 E:61/.3 9:/2346 0<69/ 0A8 56 A/5 48<56B 3B/7/ 2/;438D '8 56 .2/256 3. %->#, %(M(@ B856
B/.6\ ?80A853 E;28 <306 2698 8</5 F3.34B3 0<356Aa +56:;5A6 A8D G2/5A6 A8D %H</A3A6 A8D

]3.34B3 0<356A 56 B15;4 ./ 0E3:3A;/123 0<356AD %<356A " QR- 3 0/= 80E8.2/56 0A853 E:67 56728=
6B0E18.358= 32F8:= /435/\ 56FA32/ 626:935/@ 018C872/ 626:935/ N 0<6 46 </= C3A3 7/28D %<6 A8 56
E8<6./28 0/ :/.<856= B873:/23H 0<56A18023H <1/B/2/@ 0/ =313823=/ 3 =313823=/ A/2B3H <1/B/2/D

L/8 0A8 0= 8 </= <64 E:34/13j M898<3 %A</:/A6153 B853 0; 78013 3 E:6;.613 = 84 3=/13 0; 2/=56:;
7/ <3 F;2B43823:/A6 2/ 567/2 87:675623 2/432@ 7/ </0 = 89; B82A:813:/A3D >8:/13 0; 30B15;43A3 </0;
32A613962435; 3 A8 0; ;432313 A/B8 7/ 0; A/2B/ B873:/2/ <1/B2/ B85/ 9:/76 "$- :/0E:0313 3
:/.C/4/13D #+- <1/B2/ 06 ;E:/<8 0/7/ E84325; 0B;E15/A3 3 E84325; 3.9:/753</A3 28<6 0E3:/16D '8
46 06 789873A3 ; 9:;E/= / 87 'K&@ 78B 06 B82/428 26 78756 78 V` 0E3:/1/D L/7 A3H V` 0E3:/1/
E842; <3C:3:/A3 ; A3561;@ 0</B/ 0E3:/1/ 46 E846A3 <3C:3:/A3 ; 0B1/7; 0/ 56728= JH/B:8=D

&= / E;28 4H/B:3 3 E;28 E8A624351/23H 0E3:/1/ B853 06 =89; F8:= 3:/A3D >8= 62A/128 56 ./567234B3
2/.3<23B ./ 48<564/20A<8 V`D %/ V` 4H/B:3 3 V` 0E3:/1/ 15;70B/ 0<3560A = 8.6 3./43 2/ B:/5@ C6.
7/ 0/=; 06C6 ;230A3D G2/43 0/7/ 3=/= 8 E801/ 0/ V` 0E3:/1/ 3 V` 4H/B:3 N 87 A89/ Y ; A3561; 3 _
3.</2 A3561/D
%/ Y 4H/B:3 ; A3561; 06 = 8.6 E:313428 1/B8 :/73A3D > 8.6 3H 06 0<6 F3.34B3 7873:2;A3 3 8056A3A3 B/B8
:/76@ B/7/ 78.<813= 8 06C3 7/ 3H 8056A3= 8D

?:<6 A:3 0; JH/B:6\ E:6.3<15/</25/@ 06B0;/1280A3 3 78.3<15/</25/ 80564/5/D J6A<:A/ 56 0:46 N

462/A/: ./ 0;80564/256 3 E8<6./280A3 0/ 0<3= 0A</:3= /D ?6A/ 56 <:/A2/ d9:162/ 4H/B:/@ B85/ 56
E8<6./2/ 0/ 98<8:8=@ 060A/ 56 A:646 8B8@ 2/1/.3 06 3.= 675; 8435; 3 E8<6./2/ 56 0/ <378<3A80A3D
%67=/ 56 B:;20B/ 4H/B:/ 3 8A</:/ 48<56B/ ./ 0E8.2/5; 7/ 25698< 0A</:23 3762A3A6A 16.3 3.</2
9:/234/ F3.34B89 0<356A/D L/7/ 06 78756 78 _ 4H/B:3 3.</2 A3561/@ = 8:/ 06 E:82/43 2/432@ 7/ 06
260A8 32A69:3:/@ ./ 0A8 580 ;<356B 230A6 039;:28 7/13 ;8E46 E80A853D

X 4H/B:/ 16.3 0/7/ 3.</2 </069 E87:;45/ /BA3<3A6A/@ c[ 4= 3.2/7 </06 91/<6D +6432/ 15;73 56 7:.3
0B:8. C13.; 253H8<89 F3.34B89 A3561/D J/B 3 W 56 ; C13.323@ 0/=8 E/: =6A/:/ ;7/1562/ 87 A3561/D L/7
0; W 0E3:/1/ 0B:8. :/.<35626@ 8</ 4/B:/ 46 06 E:6=560A3A3 ; G6= 1532; /A=80F6:; 3 827/ C3A3 <306
G6=1532/ JH/B:/@ 567/2 132B 3.=675; 626:96A0B6 = :6.6 ;23<6:.;= / 3 G6= 156D

V[@ VV 3 V` JH/B:/ 0; ;7/1562353D L/7 </0/ V[ JH/B:/ C;76 /BA3<3:/2/ 3 ;B15;462/@ C3A 46 ;
</06= %;246<8= 030A6= ;D VV 46 C3A3 ; </06= 9/1/A34B8= 030A6= ;@ / V` 46 C3A3 ;037:62/ ;
;2<6:.;=;D +& 46A6 87 8<3H </03H 13423H 462A/:/ 78C3</A3 32F8:= /4356@ 56: 823 0; A/B8756: 3
B816BA3<23 462A:3D L/7/ 2/;43A6 32A6:E:6A3:/A3 0</ 8</ 30B;0A</ 0/ 4H/B:/= /@ <3756A 46A6 7/
G&+#' 2356 <306 30A3 B/8 26B/7/D

$6 E:81/.6 0<3 2/ G6=153 B:8. 8<6 E:8= 5626@ 56: 230; 0<3 B873:/23 7/ ; 8<8= <:6= 620B8=
069= 62A; :6/93:/5;D %+-'L# 87 </0 56 780/8 0/ 56728= 0E6435/128= ./E8<35673@ B85/ </=
B/.6 B/7/@ 9756 3 B/B8 A:6C/A6 2/5C8156 75618</A3D >2893 87 </0 ;46 ;E:/<8 0/7/ B/B8 7/
0135676 A/5 E1/2@ E1/2 %(M( %->#,@ B853 46 </0 78<60A3 78 A89/ 7/ 8AB:356A6 </06 <306 *-D

L/7 A8 56728= 8AB:356A6@ </0 .3<8A 46 C3A3 E:313428 567280A/</2@ C6. 2/E:6./25/@ 56: <3 0A6 0/7/
5672/ /1/AB/ %+*(')- 3 <3 0A6 <875623@ 0/= 3= A3= 0A8 0A6 E80A/<313 2/=56:; N 7/ 06 E80<6A3A6
%+*(')QD

)5;73 46 06 =5625/A3 E80A6E628@ 56: 26 C3 F;2B43823:/18 7/ 06 0<6 789873 8756728=@ '# C3

0A<8:318 B/80@ ;E:/<8 A; 9756 56 E8A:6C/2 :67D #</B8 06 = 8.6 26AB8 AB8 ;E:/<8 E:81/.3 B:8.
E:8=562; 8C:/A3A3 26B8= B8 56 B:8. A; E:8=562; <64 E:80/8D G/ 826 87 </0 B853 0; ?K+&@ 8</5
E:8460 = 8.6 C3A3 5/B8 A6./B@ +& B:43A6 A/5 E;A 3 80A/<15/A6 E;A8B/.6D L/7 <3 C;76A6 ; 0A/25; 7/
E:8756A6 B:8. E:8=5626@ <3 46A6 7:;93= / =843 1/B8 E8B/./A3 E;AD

-B8 0A6 <81523@ =8.6A6 06 ;B15;43A3 3 ; = :6.; +K(>($- 3 A; 46A6 8AB:3A3 3.<56026 E8B/./A6156 ./
C;7;46 789/75/56D J&> +&%( 06 <3 ; %+-L#> =8=62A; E80<64;56A6 0<8585 <1/0A3A385 E:8=5623@
A/B8 46 A/ E:8=562/ E;28 E:356 780A343 3 ./725; 808C; ; 23.;D

M318 56 <:6= 62/ B/7 56 48<564/20A<8 C318 0E808C28 E80A85/A3 ; <303= 73=62.382/123=
F:6B<62435/=/ 3 3=/18 56 = 84 7/ 06 B:646 B:8. :6/13A6A6 3 =/23E;13:/ =/A6:35;D > 2896 87
8</B<3H = 89;4280A3 0; 2/= 56:28 ;230A623 87 C34/ B85/ 980E87/:6 </08= 0A</:280A3D +& =8:/A6
.2/A3 7/ 0</B/ 0A</:280A 3= / 0<856 4;</:6 3 7/
3=/ :/.23H 4;</:/D

>& B8:30A3=8 A6:= 32 J;</: 26;A:/128D +3 B8:303A6 A6:= 32 J;</: ./ 26B89/ AB8 0A3A3D > & B/.6= 8
7/ 4;</:3 0A</:280A3 0A3A6 :6/1280A ; 0= 301; 7/ 26 78.<815/<h5; 7:;93=/ 7/ 7875; 3 E:8= 5626
253H8<; :6/1280AD J;</:3 ; 2/06= 0=301; 230; C/0 ;<356B 78C:82/= 56:2/ C34/D J;</:3 B853
4;</5; </0; 0A</:280A = 89; :643=8 7:;9/ C34/ B85/ C3 </0 8018C3731/ 7:./A3 E87/156D

+& 0A6 ./C8:/<313 E;28 A89/ 56: 0A6 C313 E:6E:/<15623 3 =2896 </06 E:3:8726 0E808C280A3 0; C316
;230A626 3 30B15;4626D Q </06= 7:;0A<; 56 C31/ 2/0A;E31/ B82A:81/ ;=8</D #B8 G6=156 0;
E818.623 <618<3 ./03A3A6 56: 4/B 7/ 3 78C356A6 32F8:= /4356 3.</2/@ 26 C3 3= /13 23A3 /1/A6 23A3
=89;4280A@ 7/ 0/ A3= :6/13A6A3=/ 260A8 E8426A6D

-13 0/7/@ 43A/< E1/26A 0A853 ; 0:67 6B0E/273:/5;43H :6/13A6A/D "/ C3 = 8913 343 ; 7:;96 :6/13A6A6@ <3
=8:/A6 B/8 E:<8 <:18 7;C8B8 30A:/.3A3 </0 13423 :6/13A6AD $ 6= / <306 <:6= 62/ ./ `[ 98732/
E03H8/2/13.6D+& = 8:/A6 :/.<3A3 0E808C280A3 0/ B853= / 46A6 ; :8B; 26B813B8 0/A3 E:843 7606A1564/
0<89 6=84382/189 :/.<85/D > 8:/A 46A6 ;.6A3 6=84382/123 /;A8!E;A@ 56: 48<56456 A35618 06
&GK-G-+- LK#G (>#J&*(D
'# 56 E806C280A 3 A/162A </06 <:0A6D

L/8 E:<8@ =8:/A 46A6 8A<8:3A3 E;A6<6 E:6=/ E87:;453=/ B85/ 0A6 ; 8<8= .3<8A; 0/B:313 87 </0
0/= 3HD > 8.6 C3A3 7/ 46 </0@ B/7 E8426A6 0:6753</A3 32F8:= /4356 ; 06C3 E:6E1/<3A3 0564/25/@
0564/25/ 2/ 789/75/56 B856 0; ./ </0 A/7/ C313 5/B8 A60B3 3 B856 230A6 = 8913 :/.;=56A3D $6B3 46
=8.7/ 8AB:3A3 7/ 0;@ B/7 0; C313 7564/ 3= /13 B82A:/BA6 0/ </2.6=/1543= /D $6B3 46 =8.7/ 8AB:3A3
06B0;/126 78.3<15/56@ B856 A/7/ 230; :/.;=5613@ C318 7/ 0; E:3 A8= C313 /BA3<23 313 E/03<23D '/B<6
0A</:3 0; C316 ./B8E2/6 ; 6=84382/128= A3561;@ 56: 56 6=84382/128 A35618 5/B8 8056A153<8 2/
80;76@ / = 62A/128 A35618 80;75;56 5/B8 A60B8D (= 84382/128 A35618@ B856 56 E8<6./28 0/
0E3:3A;/123= A35618= 06 B:356 87 =62A/1289 A3561/D

+3 0<3 <56:;56A6 7/ .2/A6 AB8 0A6D +& 0<3 3=/A6 37656 8 A8= 6 AB8 0A6 <3@ 37656 B856 0; 2/0A/16 ./
<:356=6 87:/0A/25/ ; 8<8= .3<8A;D >& </= .613= 8 :643 7/ <3 3= /A6 567/2 3.<560A/2 C:85
E/:/16123H@ 1693A3=23H 69.30A62435/ B856 = /5; 0B:8. 7:;9/435/ 0564/25/ 87 8<3H B856 <3 3=/A6D +3
0A6 06C6 87056B13 87 8<3H 0564/25/@ 313 0A6 3H 567280A/<28 3928:3:/13@ 56: </06 6= 84382/128 A35618
A8 2356 = 8918 E:6:/73A3D

>2898 87 A89/ 0A8 46A6 8AB:3A3 46 C3A3 E8<6./28 0/ </08= 06B0;/1280A3@ 56: 06B0;/1280A 56 738
</0 B8569 230A6 :/.;=5613@ /13 B856= 06 = 8:/A6 E80<6A3A3@ 7/ C3 :/.;=5613 0=30/8D # 46= ; 06
:/73 B87 06B0;/1280A3^ 'B8 56 0<6 0A<8:38 0</ 8</ E:/<31/ 8 A8=6 0A/ 56 30E:/<28 / 0A/ B:3<8^
#03= A89/@ 8AB:3A 46A6 7/ 06 </= 06 760/</13 B82A/BA3 3 7/ 56 626:935/ 0A/128 C31/ 8B8 </0 B/7
0A6 C313 = 1/753@ 7/ </0 ;43j <3 0A6 C18B3:/13 A6 789/75/56 56: </= 2356 E:;.62/ E87:0B/ 7/
<56:;56A6 7/ 0; 06 A3 789/75/53 0A</:28 760313D

L/7 E8426A6 </06 = ;1A373=62.382/128 30A:/.3</256@ 0</ 82/ 0564/25/ B85/ 0A6 0/B:313 87 06C6 46
7843 2/ 0<56A18D+3 46A6 06 4;73A3 A8= 6 7/ 0A6 B8=E16A626 789/75/56 3 <613B6 B8= /76 </03H
.3<8A/ B8=E16A28 ./C8:/<3A3@ E806C28 78.3<15/56 3. <:6= 62/ B/7 0A6 C313 =1/753 87 V` 98732/D +3
46A6 06 4;73A3 8 = 89;4280A3 </069 26:<289 030A6=/@ B853 56 ; 0A/25; 7/ E:6B326 E:8A8B
32F8:/= /435/@ B/7 </0 :/.;= 2356 ; 0A/25; 7/ E:6:/73 A6 32F8:=/4356D
- 3E/B\ %+( 56 E8H:/25628@ 7/B16 <3 46A6 78.</A3 0<6 A6 32F8:= /4356D %/7/ 46A6 = 843 E:6:/73A3
E;28 A89/@ 56: 46A6 2/;43A3 B/B8 7/ C;76A6 $(Q'K-)$ & 3 7/ 26 80;75;56A6 828 ; 46=; 0A6
0;75618</13D

"8B <3 0/7/ 30A:/.;56A6 </06 A35618@ </0 3762A3A6A 3 </0 0/7/0253 .3<8A@ 4323A6 A8 C:.8a $6=/A6
<306 <:6= 62/ 7/ A8 30A:/.;56A6 7;93 23. 98732/D
Q 8285 =56:3 ; B8585 06 </0/ "$- E828<8 0/0A/<15/ 3 /BA3<3:/@ = 843 4A66 8056A3A3@ B/B8 0<3
789/75/53 3. </069 .3<8A/ 3= /5; 567/2 0= 30/8 3 B/B8 0; E8<6./23 0/ :/.1343A3= = 560A3= / 2/
B853= / 0A6 .3<5613 3 :/ :/.1343A3= 3762A3A6A3=/ B856 0A6 3=/13D

&76/128 C3 C318@ 7/ <3 0/7/ <306 $( 80;75;56A6 3 B/7 A8 E80A3926A6 N 78C3A 46A6 ;<37 ; E8<3560A
8728028 ; A8 0A8 06 0A</:28 760318 8<756 3 A8 46A6 =843 8056A3A3 3 78.3<56A3 B:8. </0; 0A/2342;
=6=8:35;D

*67323 2/432 2/ B853 = 8.6A6 7843 2/ <64; F:6B<62435; 3 87:673A3 C;7;4280A </03H .3<8A/ 2/
E1/26A3 56 7/ 26 80;75;56A6 </06 ;460A<8</256 ; 8<8= E:8460;D #<856 5/B8 B8= E16B028 3 *-L#
+-G$#\ #056A3A6 8<8 0A8 0=8 0/7/ :6B13D

#</5 E:8460 .2/43\ :;06256 E80A85643H E/:/739= 3 3 E80A/5/256 H6:6A3B/ :6/1280A3 UH6:6A3B N
B:3<8<56:/4 8ED E:6<DZD
+& 46A6 E846A3 0H</4/A3 7/ 56 0A</:2/ :6/1280A 567280A/<28 C31/ 0/B:3</2/ 87 </0 43A/<8
<:356=6D

$/5</.2356 56 3 C6.;<56A28 56 E8A:6C28 7/ 06 +& ?#J$('( ?K&%*(J-'& 'L# %'( +& G-?K-+#D

+& $&%'( %->&D +& A8 26 C3 = 8913 ;4323A3 0/= 3D J/B 3 B/7 B/.6= 8 7/ 0A6 <3 E:67<87823B </06
7;06@ 3=/ 3 7:;93H /0E6B/A/ </06 7;06@ B853 3= /5; E8AE;23 ;<37 ; 789/75/25/ 3 E8<3560A 3 B853 06
<:/4/5; 0/7/ 8</= 8 ; 567/2 <:6= 620B3 E6:387@ 7/ C3 80A</:313 567/2 626:96A0B3 <:A189 B853 46
7873:2;A3 0<6 0A</:280A3D

>& </= 26 =8.6= 8 78<81528 2/91/03A3 B813B8 56 </.28 8<8 <:356= 6 %-" - 3 B813B8 56 ;.C;756256
3 :/780A ; 256= ; N QL#)&L# %'( +& +#)*$& " - %( ?K#>*($ &'(D

-B8 230A6 <81523 7/ 06 E:8= 5623A6 3 /B8 230A6 ; 0A/256 7/ 06 E:6E;0A3A6@ = 8:/A 46A6 E:843 B:8.
0A</:3 B856 2646 C3A3 A/B8 1356E6D %</AB8 7 </0 3= / 260A8 ./ 0A8 06 7:.3 4<:0A8D '8 = 8.6 E80A/A3
5/B8 A60B8D
?/ 3E/B@ 0</AB8 87 </0 56 780/8 8</= 8 7/ 260A8 8C/<3@ A/B8 7/ =8.6 2/0/A<3A3 0<85 E;A 3 7/
=8.6 E828<8 :/73A3 828 ./ 43= 25698</ 7;0/ 46.26D +/= / 56 43A/<8 <:356=6 A/B8 B/8 7/ 3= /A6
8<756 580 260A8 ./ 8C/<3A3@ 26B6 2678<:0626 E8018<6D

G/0A8: 56 ./ = 2896 87 </0 E8<;462 <:18 ;0B8 0<;7/ 8B8 </0@ 0/=8 7/ <3 26 C3 :6B13\ OR65@ 0A8
5/ :/73= ./E:/<8 8<756a^ #78H 5/aP

#23 87 </0 B853 :/.;= 35; <306 23<86 E80A85/25/ 0; 06 = 2898 E;A/ 80564/13 *-L# %->& 2/
E1/26A3D
-13 8</5 E;A 3= / =31382/ 87 </0 N <3 03 ;E:/<8 F8:=3:/A6 5672; 26<56:85/A2; 9:;E; E87:0B6D +&
E81/B8 E843256A6 7/ 06 0:646A6 ! 56723 7:;96 3 +& ;E:/<8 E843256A6 30E:6E16A/A3 </0; 0<3560A
56723 0 7:;93= / ! B/8 0A8 5672/ 0<3162/ 23A E16A6 E1/A28 0/ 7:;93= 0<31623= 23A3=/D

+& J('( +&"*('&\ 0/7/ 2/0A/56 567/2 E:673</2 ./567234B3 :/7 C6. E;28 =;B6@ 56: 56 A8 738
E1/2/ 3 <3 0A6 567280A/<28 <875623 7/ ;:/73A6 87:675626 0A</:3D

J3A/< E1/26A 56 A/B8 B82A:813:/2@ 7/ 0; </0 87 E:<89 =8=62A/ 87 B/7 0A6 78013 8</=8 ;4313 7/
26=/A6 B82A:81; 2/7 0<853= :6/13A6A8=D +/0 0; ;4313 7/ 0<6 8<303 0/= 8 8 01;4/5; 3 8 F/BA8:3= /
2/ B853 26= /A6 23B/B<89 ;A564/5/D

'# *( LK&+#a

+& %'( '& L#*& L#$'K#)&K-*Q +-%Q "$ -a

+& &>-'( L#>?)('$Q L#$'K#)Q $-" %+&>(a

"8B <3 A8 26 8AB:356A6 3 E8426A6 <56:8</A3@ <3 0A6 3.18.623 0<6= ; 0A8 26AB8 "KQ,& .613 7/ +&
K-"&'( Q #+#* G#$ & %)#M#"$( +#)*(a

Q </085 26<3280A3 3 26.2/25; <3 0A6 C313 3.18.623 0A</:3= / B856 0; 8= 89;4316 7/ 0; </0/ "$-@
</0/ &$'()&,($J&*- 3 =2896 7:;96 0A</:3 C316 = /23E;13:/26D

4(%5-657& 98 ! #AB15;4/5A6 ?8<3560A

"$- ; 06C3 2803 B878<6@ A/5 9626A0B3 =/A6:3/1 3 0E3:/16 0; 2/E:/<15623 87 0<56A18= B873:/23H
<1/B/2/@ A/2B3H 23A3 B856 2806 32F8:=/435; 2/ 30A3 2/432 2/ B853 A8 :/73 2E:D 0<56A1802/ 8EA3B/
UF3C6: 8EA340 0h0A6= 0ZD
%<56A18023 0A;E B853 <3 B8:30A3A6 7/ C3 06 /BA3<3:/13 3 78<613 32F8:=/435; ; </06 A35618 56 A/B8756:
0/0A/<1562 87 0<56A18= B873:/23H <1/B/2/D '6 0<56A18= B873:/26 23A3 0/7:.6 89:8= 2; B813432;
32F8:= /435/ 3 </06 A35618 56 30E;25628 253= /D L/7 06 8<6 0<56A18= B873:/26 23A3 E8<6.; ;
0<6./25 3 30E:/<6 ; 30E:/<28= E:/<4;@ 826 :/76 ./56728 3 8018C/75/5; 32F8:=/435; B85/
E85/025/</ E8<3560A B85; 8</ <1/B2/ 2806 ; 06C3D

%<56A18= B873:/2/ <1/B2/ ; </06= A3561; 0; 01342/ 567285 <613B85 C3C138A643@ C3C138A643 B85/ 56
A813B8 89:8= 2/ 7/ ; 06C3 2803 E8<3560A 0<6=3:/D $ / G6=153 0; B:8. E8<3560A .3<5616 =2896
<:0A6D +& 0A6 06C6 ;<56:313 7/ 56 48<564/20A<8 ;:875628 2/ 8<8= E1/26A;D )5;73 0; 8<756
O0A/<15623PD ?:67 15;73= / 56 567/2 <613B3 0H8B@ 56: 46 06 <:18 ;0B8:8 8AB:3A3 0B616A26 F8:=6
=2893H :/.1343A3H B:6/A;:/D

$6B6 87 8<3H 0; <64 8AB:3<626@ 75618=3428 ; *;.285 -=6:343@ 8 253=/ 06 ; 062./4382/130A4B3=

28<32/=/ E:34/18 B/8 8 </:43@ 8C= /23 313 0; C313 0/B:3<623 3 7:./23 A/528= D
L/7 0<560280A 48<564/20A</ 2/:/0A6 2/ F:6B<62435; E:356=280A3 3 B/7 26:<23 030A6= =/08<26
E03H6 C;76 78<81528 C/1/203:/2 7/ E872606 E:8=562; 8C:/04/@ G6= 15/ 0/= / 46 8AB:3A3 0<856
A/526 N :/.23= 0:670A<3=/@ 2E:D B:8. 268C342/ <:6= 620B/ .C3</25/@ .6= 158A:606@ E03H34B/
8AB:34/ 3 A/B8 7/156D +& 46A6 8AB:3A3 5672; E8AE;28 28<; E8<3560AD
?:67 </=/ 56 ./7/A/B 7/ :/.<356A6 </0; "$ - B:8. </0; %+*(%$Q $ ->*(KQ 3 G-?#+&*("D
G/E8<567/256@ .6156256 3 A:/.6256 8<89/ 2356 567280A/<28@ 56: <3 = 8:/A6 E:843 B:8. =2896
3762A3A6A6D &. E8<356026 E6:0E6BA3<6 </069 = ;1A373=62.382/1289 E80A85/25/ 8728028 0;0A326
</06 7;06 <3 0A6 <64 C313 = 289/ :/.28:/.2/ C34/ 3 26B/ 87 A3H 30B;0A/</ 0; C31/ E:313428 C812/D
$6B/ 87 A3H 30B;0A/</ 0; C31/ 5/B8 3./.8<2/ 3 A60B/D

G/ </0 56 <:356=6 7/ E:8756A6 B:8. 3./.8<6 3 7/ 8AB15;4/A6 E8<3560A B85/ 56 ; </03= A35613= / N
A/B8 0A8 78.<815/</A6 </03= 0<56A18028 B873:/23= <1/B23=/ 7/ 06 E828<8 E8<6.; ; 028E8<6@
7/ F8:=3:/5; 28<6 0E3:/16 3 7/ 78.<813A6 06C3 7/ C;76A6 E:356=43<3 ./ 828 0A8 46 </= A/ 28</
32F8:= /435/ ; </085 " $- E8B/./A3D '8 2646 ;<356B C3A3 0= 301628 </06= 18934B8= ;= ;D +3 46A6
2/;43A3 7/ </0 189343 ;= 3=/ 0=30/8 3 0<:H;@ /13 A8 2356 </0 3762A3A6AD

)89343 ;= 56 B87 = 2893H 15;73 E:6!/BA3</2D #2 56 E:643562562 3 .18;E8A6C1562 3 /B8 E:6<306

B8:30A3A6 3 .18;E8A:6C3A6 </0 18934B3 ;=@ ; </06= A3561; 06 0A</:/ 0A:60D +3 26 = 8:/A6 ;<356B 7/
:/.;=356A6 18934B3 828 0A8 </= 06 789/75/D ?:8=/A:/5A6 06C6@ 87:./</5A6 0= 30A8 ./ H;=8: 3
87:/./</5A6 3765; 8 A8=6 7/ <3 6<81;3:/A6D
+3 46A6 E:81/.3A3 B:8. = 2896 0</:3@ 56: <3 06 E6256A6 2/ 1560A<343 </069 3762A3A6A/ B853 56
2/E:/<1562 87 </069 030A6=/ 4H/B:3D JH/B:6 0; 626:96A0B3 32F8:= /4350B3 462A:3 B853 0; E8<6./23
0/ </03= .3<8A3= / ; B853= / 0A6 06 <3 313 /BA3<3:/13 313 3.:/.313 06C6 2/ 8<8= 313 828= E815;D #7
2/5<646 </.280A3 56 7/ <3 ; 013567643H 26B813B8 98732/ 8AB:356A6 0<85 3762A3A6AD

%<56A18= B873:/2/ <1/B2/ 0; /1/AB/ 0<56A1/@ 738 0<56A1/ 3 567/2 3.:/. 0<56A1/D
#23 E80A856 B/8 >&)&#$& F323H@ A/2B3H 23A3 ; </03= 0A/234/=/@ 78B 30A6 A/B<6 23A3 E80A856 B/8
B8E35/ 3.</2 </03H A3561/D %<56A18= B873:/2/ <1/B2/ 2806 ; 06C3 *6.3B %<56A18026 ,68= 6A:356 B853
; 06C3 0/7:.3 E:346 8 A8=6 AB8 0A6 <3D "8 0/7/ 2356 23A3 C318 = 89;46 7/ 8<6 0<56A18= B873:/26
23A3 7875; 2/ E1/26A;@ 56: A; 56 C318 82643046256 0A<8:628 87 OA/=289 A3=/PD

#</ 0<56A18= B873:/2/ <1/B2/ 0; B/8 .:/B6 0<56A1/ B856 ; 06C3 2806 968= 6A:350B; F8:=; 56.3B/D
#23 </= 781/.6 3. B8.=34B3H C/2B3 E87/A/B/ 3 0/7:./</5; 32F8:=/435;D >2893 87 </0 0; ;
567285 A8443 :/.<85/ ; B8585 </06 A35618 26= / E8A:6C; ./ 135646256= D +3 3=/A6 E8A:6C; 3= /A3
0E82A/28 8C:/.8</256d 32F8:= 3:/256 B:8. 3=E1/2A/A B853 56 0A/<1562 ; </06 A35618 7/ </0
32F8:= 3:/D '8 56 828 0A8 46 06 7603A3 ; 2/781/.643= 98732/=/D

$6B3 87 15;73 2/ 8<85 E1/26A3@ E898A8<8 823 B853 :/76 0/ B:30A/13= / 46 ;43A3 B/B8 7/ 2/E;26 3
/BA3<3:/5; A3561/ 7:;93H 15;73 0/ 8<3= 23A3=/D &273<37;6 B853 0; ; E8A:/.3 ./ 30B;0A<8= 46 3=/A3 A6
23A3 /BA3<3:/26 ; 253H8<3= A35613= / 7/ 3= 7/5; A:62;A2; 32F8:= /435; 3 A:62;A28 .2/256D #<8 56
2/432 2/ B853 46 6<81;3:/A3 67;B/435/ ; C;7;4280A3D '/B8756:@ A; 46 C3A3 3 C34/ B853 46 </=
E8=843 0/ 0<3= 8<3= D +/= / ;E:/<8 E80A/56 = 89;46 7/ E:6E8.2/A6 A/ C34/ 3 7/ E:6E8./2A6
7:;96 :6/13A6A6 B853 E80A856 8B8 </0D

L/7 56 32F8:= /435/ 3. 0<56A18= B873:/23H <1/B/2 C31/ :/0E:062/@ A8 2356 C318 B/8 0E/153</256
C3C138A6B6@ C318 56 B/8 7/ 56 26AB8 C/438 B25396 0/ E8134/ 3 80A/<38 3H 2/ 0:67 08C6D G/= 3013A6 7/
0A6 ;013 ; 08C; B85/ 56 <6134326 89:8= 289 0A/7382/ 3 0<6 B25396 16.6 2/ E87;D L/B8 C30A6
E:82/013 30A/@ 803= 01;4/528^

M;7;43 7/ 15;73 26 <56:;5; ; :67 ; 01;4/5280A3=/@ 823 230; 23B/7 013567313 :67 B853 56 ; 253=/D
&2F8:= /435/ ; A3= 23A3=/ 56 80A/<1562/ ; </= /@ /13 2356 E80A85/8 18934B3 2/432 7/ <3 A;
32F8:= /435; :/.;= 356A6D L/B8 <3 ; 0/7/0256 <:356= 6 2/1/.3A6 32F:8= /4356^ &2F8:=/435/ 46 06
</= / 8AB:3A3 0/= /D
'8 56 E:8460D +3 26 = 8:/A6 A:/.3A3 32F8:=/435;@ 56: 8<8 8AB:8<6256 56 </06 2/015670A<8 3 </0
3762A3A6AD

J3= "$ - E8426 F8:= 3:/A3 28<6 ./<852346@ 8<6 28<6 ./<852346 46 E;A8</A3 </03= 26:<23=
030A6=8= @ B853 06 ;E:/<8 0/7/ :/.<35/ 3 0564/25/ 46 E:6E1/<153</A3 </0; 0<3560AD +& =8:/A6 :/73A3
2/ A8= 6 7/ :/.<356A6 A/5 26:<23 030A6= @ =8:/A6 <;43 %<56A18 ; </0/ A3561/@ =8:/A6 8C89/43</A3
</0 030A6= 0/ B303B8= @ =8:/A6 2/;43A3 B/B8 7/ 06 B:646A6 B:8. ;C:./</256 </06 626:9356 3 B/B8
7/ ; </06 A35618 E:3.8<6A6 <306 3765/ 3 30B;0A/</D J3= 8</5 E:8460 E8426 :/0A3 3 3 H:/23A3 06C6 ;
</06= A3561;@ E:8=/A:/5A6 A8 567280A/<28@ 56: <3 46A6 .6156A3 3= /A3 E:30A;E A8= E:8460;D -B8
./91/<3A6 ; </03= 7:/=/= /@ A8 56 B/8 7/ 43A/A6 5672; </0; B2539; E828<8 3 E828<8 3 26
78.<815/</A6 7/ 3 32F8:= /4356 3. 7:;93H B2539/ 78E:; 78 </0D -)& A; 3=/ <306 87 A89/\ A; 3= /
567/2 43A/</ E:34/D

'/ 43A/</ E:34/ 3=/ <6.6 0/ </08= 43A/<8= 7;08= D L/8 41/2 #C3A6153 %<56A1/@ <3 06 01/.6A6 0/
A3= 6 7/ ; 0<8= A3561; 7:.3A6 0<56028 .2/256 8 0<3= </03= 69.30A62435/= /D +& 0A6 0E:6= 23 7/
0<6 ;1896 B856 0A6 3B/7 39:/13 ; A3= 69.30A62435/=/ E:3H</A3A6 3 7/ E:3H</A3A6 3 0<6 828 0A8 0A6
3B/7/ 2/E:/<313 3 7/ 827/ ;756A6 ; :/.1343A6 0A</:280A3 3 7/ 3H E:6= / E:/<313= / </069 0E8:/.;=/
B/8 E:670A/<23B #C3A6153 %<56A1/ E:6E:/<3A6D $ /:/<28@ ; 0B18E; 8<89 0E8:/.;= /@ <3 3= /A6 E:/<8
2/ </0; 018C872; <815;D

':80A:;B/ 0E3:/1/ 46 </0 78<60A3 ; </0 805645/23 462A/:D #0564/523 462A/: 56 6=8435/ 3 6= 8435/
56 </0/ 460A/ 313 =80A 313 </0/ B/:A/ E:6=/ </06= 0E3:3A;/128= %(M&D L/7 15;73 E8:34; 253H89
0E3:3A;/1289 %(M(@ 823 26 =89; ;43 ; 0E3:3A;/12/ E87:;45/D J H:30A 56 :6B/8\ OQE8.2/5 06C6DP
Q?#G$ -*'( %(M(a '8 56 30A/ 0A</:D #</ E8:;B/ 56 7/2/ E1/26A; E:356 E;28 <:6= 62/@ /13 56
E80A/1/ 30B:3<1562/@ A/B8 7/ 15;73 26 :/.;= 35; B813B8 0; 823 ; C3A3 +()&J-$%'+($& 3 7/ 0<6 0A8
A:6C/ 7/ ;:/76 56 7/ 823 %(M( E:6!018.6 2/28<28D

#</5 :/7 56 ;<356B ;2;A/:253D

-L# .613A6 .2/A3 L-L# ?K#>*($&'& E1/26A;@ = 3 </= ;<356B B/.6= 8 7/ :/73A6 $- %(M&D
K/.<35A6 %(M(a

L:643A6 06 E:6B8 0<853H 9:/234/D $/;43A6 7/ C;76A6 = ;1A373= 62.382/123@ 7/ E80A853A6 ;

/0A:/128= 0<356A;@ 7/ E;A;56A6 3.</2 F3.34B89 A3561/D ?:60A/23A6 76F323:/A3 </06 F3.34B8 A35618 B/8
260A8 0A8 ./<:0/</ OA;P@ A8 56 828 ; 0A8 </0 7:;0A<8 .613 ;<56:3A3@ 7/ C;76A6 B82A:813:/23D Q .823
018C8726 <8156 B82A:81/ 56 738 8<6 39:6@ 56: 26AB8 .613 7/ 3=/ B82A:81;D
+& 0A6 41/28<3 #C3A6153 %<56A1/D L85; H356:/:H35; 3 B856 M898<6 <3 01;0/A6^

"$- 56 5672/ .3<;4/ E8<3560A 30A326 3 .3<8A/D L/7 E80A/26A6 0E808C23 7/ 06 0A8E3A6 0/ 8<8=
E8<3560A3@ = 843 46A6 343 ; :6/13A6A6 C6. <376/@ C6. B/.6A/@ C6. B2539/D +3 0A6 0E808C23 ./ A/B</
30B;0A</D >2896 0A/:6 ;:8756234B6 B;1A;:6 0; C316 A:623:/26 7/ 2/75; 80A/AB6 G3<;46 M3C138A6B6
2/ 8<8= E1/26A;D '8 8C5/025/</ 253H8<8 E80A8</256 E:6=/ G6= 153@ E:6=/ .3<8A325/=/ 3
8C5/025/</ 253H8<8 :/.;= 356</256 ./ A8 7/ %+( ?#J&+- $- L##?(K-J&*&D #<6 ;:8756234B6
B;1A;:6 0; 2/= 56:28 0A/<15626 2/ E1/26A;@ 7/ C;7; 56728 E8156 ./ A:62329 3 7/ E80A853
E8A62435/1 ./ /BA3</435; = 6=8:356 B/7 78756 E:/<8 <:356= 6D

"$- 7:.3 B87D " $- 7:.3 2/4:A ./ 3762A3A6A@ E1/2 ./ 69.30A62435;@ 0/7:.3 E8<3560A 0<6= 3:/ 3
E8<3560A .3<8A/ ; 8<8= 18B/128= 069=62A;D
& A8 56 %+( E8H:/25628 Q %'-$&J->- )*Q"&D
#:3932/12/ "$- 4;</:/ 3 E:/A31/4/ 8<6 E1/26A6 ! 15;73 56 3= /1/ 2/4:A B853 06 C/.3:/8 2/ C:85; V`D
V` 0E3:/1/ 9626A34B89 = /A6:35/1/ 0; .C89 A89/ E8<6./23 0/ E;28 7:;93H 3.<8:/ 32F8:=/435/ B853
E843</5; 2/ C:85; V`D %56A3A6 06\ 0A</:280A 87:/./</ 0A</:280AD V` 32F8:=/435/B03H 0E3:/1/ 0;
E8<6./26 0/ V` 32F8:=/435B03H 462A/:/ ; A3561; 3 3.</2 A3561/D

G6=15/ 0/7/ ;1/.3 ; 5672; E8<6./280A @ ; 5672; B820A61/435; 0/ 0<:H8= 7/ 06 #:3932/123 ?1/26:3
<:/A6 3 7/ :6/BA3<3:/5; 030A6= 87 V` 0E3:/1/ 3 7/ <:/A6 G6= 15; 2/ 2562 E:35/0253 E;AD
L/7 06 C38180B/ C3C138A6B/ ./43=/1/@ E:536 682/ 3 682/@ C318 56 871;4628 7/ 46 4;</:3 3 E:/A3843
E1/26A6 N 7/B16 15;73 7:./A3 ; 06C3 B15;4 ./ 8AB15;4/</256 E87/A/B/ B853 0; E8H:/25623 ; 8<85
G3<;485 M3C138A643D

L/B8 56 8<8 0<6 E8<6./28 0/ V` 32F8:= /4350B3H 462/A/:/ ! 4H/B:3^ L/7 0; 15;70B6 4H/B:6
E8<6./26@ 8A<8:626 3 /BA3<3:/26@ 32F8:= /435/ 0/=/ E8426 A:/.3A3 7/ 06 3.:/.3 3 7/ E80A/26
780A;E2/D
&.<56026 0A</:3 /BA3<3:/5; 8<; 32F8:= /435;@ 78<87643 56 ; E:<3 E1/2 E80A85/25/@ A/B8 7/ 06 82/
E8426 3.:/./</A3D
L/7 0A6 E:3B15;4623 2/ </06 32F8:= /4350B6 462A:6@ Y ; </06= A3561; 3 _ 3.</2 </069 A3561/@ <3 0A6
0E:6=23 7/ E:3=3A6 626:935; B:8. 567/2 06A 87 7:;93H V` 32F8:=/4350B3H 462A/:/D L/7 /BA3<3:/A6
</03H V` 4H/B:3@ <3 06 E:3B15;43A6 626:9353 B853/ 56 E8H:/2562/ ; E/:/16128= 06A; 87 V` 462A/:/
B853 46 7/156 /BA3<3:/A3 </0 E:8460D #<8 46 2/ B824; 78<60A3 78 A89/ 7/ </0 = 8./B E8426
F;2B43823/:3 E8AE;28 3 B8= E16A28@ B/8 B8= E5;A8:D

V` E/:/16123H :6/13A6A/ 0/7:.6 2/432 3 78.<815/</5; 7/ 06 8AB15;4/ 0/B:3<62/ 32F8:= /435/D &=/
=2898 B8:/B/ E:6= / A8= 8AB15;4/</25;D
+3 A8 = 8.6A6 ;0E8:673A3 0/ <1/7323= 039;:28023= 030A6= 8= B853 B8:30A3 :/.1343A6 23<86 E:30A;E/
8A3043=/ E:0A35; 313 7:;96 .2/B8<6 :/0E8.2/</25/@ B853 06 = 8:/5; B8= C323:/A3 56723 0 7:;93=/@
7/ C3 06 78C38 E:30A;E 32F8:=/435/=/D

-BA3</435/ V` 0E3:/1/ "$- 06 E87;7/:/ 0/ /BA3</4358= @ <:A258= @ B:6A/256= 3 8A<:/256= </03H

V` 32F8:=/4350B3H 462A/:/@ </03= 4H/B:/= / 313 6A6:3423= 626:96A0B3= E184/=/D #<8 56 E846A/B
E8<6.3</25/ 8<3H V`!41/23H 030A6=/D

L/7/ 06 8</ 032H:823./435/ 626:9356 789873@ 82/ E8426 78<873A3 3 <;43 626:935; ; V` 26C60B3H
A5361/ ; </06= 081/:28= 030A6= ;D #</ A3561/ 827/ E842; 01/A3 A; 626:935; 2/A:/9 2/ G6= 15;D #23
/BA3<3:/5; 06C6@ A3= 6 0A8 8AE;0A/5; 828 0A8 0/7:.6 ; 06C3@ A/B8 7/ G6= 15/ = 8.6 C389626A34B3
8.3<56A3D Q 0<6= 3:; 3= / <306 3 <306 8</B<3H V`!41/2389 9:;E/ N 2E:D V` :8A3:/5;43H 0<6=3:/D
+:A25/ 8<3H V` 462A/:/ 46 78<60A3 78 B/80/ 28<6 0<3560A3@ 56: B/7 06 8<3H V` 462A/:/@ E898A8<8
</250B3H _ E842; E8<6.3</A3 0/ G6= 158=@ 7843 46 78 26<56:85/A26 E8E1/<6 28<6 626:9356D

&.9:/725/ V` %E3:/1/ 2646 .2/43A3 7/ 46A6 <3 B/8 <:0A/ C3A3 B8=E16A28 32F8:=3:/23D '8 .2/43 7/
E80A853 =/B03= ;= 3 = 323= ;= 268EH8723H = ;A/435/@ 7/ C3 06 15;70B/ 0<3560A B/A/E;1A3:/1/ 2/
567/2 <643 23<8 3 B:63:/8 28<3 0A/27/:7 F;2B43823:/25/ 0<3560A3D #</ = ;A/435/ 46 782356A3 28<3
23<8 F:6B6<624356 3 82 46 ;A564/A3 2/ 0</AB89/ 2/ 25698< 2/432D

#</5 E:8460 06 = 8.6 ;0E8:673A3 0/ 28<3= 0;246= B856 06 :/75/ ; </085 /A=80F6:3D #<3H V`
%E3:/1/ 039;:28 2646 8C;H</A3A3 0<6 32F8:=/4356 ; 0<56A18= B873:/23= <1/B23= /D ?/ 3E/B@
F8:= 3:/256 A3H V` 0E3:/1/ 46 C3A3 78<81528 7/ </= 7/ 5672; E;28 <64; 013B; A89/ AB8 0A6 <3 B/8
<:0A/D

L/8 41/28<3 #C3A6153 %<56A1/@ <3 .2/A6 AB8 0A6D )5;73 0; 823 B853 26 .2/5; AB8 0; 823D
M;7;43 7/ 0A6 <3 0/7/ ./=/0B3:/23 B/8 48<56B@ E826B/7 3 <3 = 3013A6 7/ 26 .2/A6 AB8 0A6 <3D

-13@ +& G$-'( 3. +*(J$#, 7561/ %+#, M&J-@ 7/ 0A6 +& 41/28<3 #C3A6153 %<56A1/D

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56 C3C3138A6B/\ 56728 = 560A8 9756 56 32F8:= /435/ E8H:/2562/ 3 780A;E2/D >3 B8:30A3=8 A;
/2/18935;@ 56: = 3 3= /=8 2/=56:; 7/ </= E85/023=8 7/ 06 <3 N 9756 987 7/ 06 B:646A6 !
2/1/.3A6 ; C3C13A643D +3 0/= 8 580 230A6 8AB:313@ B/B8 7/ 06C3 E:6<676A6 32F8:= /435;@ 313 2/ B856=
=560A; ; C3C138A643 06 82/ 2/1/.3D

#<8 56 013B/ B85; =3 .613= 8 7/ 0</AB8 87 </0 3= /D #<8 46 0A<8:3A3 <64; 15;C/< ./ G6=15; 3 <64;
0E8.2/5; 8 A8=6 7/ 56 0</AB8 E8<6./2 0 2643= 2/ 8<8= =560A;D $6=/ <306 E8A:6C6 7/ 06
3B/7/ 80564/A6 0/=3@ B/7 0H</A33A6 7/ 8B8 </0 E80A853 32A613962/A/2 .3<8A B853 .613 B8= ;2343:/A3
0/ 15;70B3= C343=/D
J3= 06 V` %E3:/1/@ B853 46 </0 E8<6./A3 0/ V` 32F8:= /435B03H 462A/:/@ E842; F8:= 3:/A3 N
M3C138A6B/ 46 06 /BA3<3:/A3D

)5;70B/ <:0A/ 56 73./23:/2/ 7/ C;76 B15;4 ; E:30A;E; 8<85 32F8:=/43535 ; G3<;485 M3C138A643D #
A8= 6 C3 </= = 8913 E:34/A3 E:346 3 E:346D
?:356 =31382/ 98732/@ 0/< .3<8A 56 B8!69.30A3:/8 2/ E1/26A3@ E898A8<8 ./ <:356=6 73280/;:/@ B/7
0; 8<6 <613B6 .3<8A3256 01;.316 B/8 4;</:3 E1/26A6 3 3.<56026 626:9356 0; 06 9:/7316 7/ 8<756
E8H:/26 E87/AB6D #<8 06 760/</18 =313823=/ 98732/D

%/7/ 56 030A6= 0/ C:856= OV`P 82/5 B853 </0 E8<6.;56 0/ A3=6 3 B/7 E89167/A6 8B8 06C6 <3 46A6
9/ 0<;9756 <3756A3D '856 C318 ;<67628 3. :/.189/ 7/ 06 </0 E8<6.6 0/ 2643= 269756 7:;9756D

'8 2356 </0 E:3:8723 C38:3A/=@ 2698 567/2 9:;E23 7898<8: 7/ 06 B8:30A3 626:935/ 87 OV`P ;
:/.1343A3= 030A6= 3= / 0A</:280A3D '8 56 B873:/2/ F8:=;1/D >2896 0A</:3 B856 26=/5; 0= 301/
</06= 18934B8= ;= ;@ 3= /5; 628:=28 E;28 0=301/ B873:/23= 0<56A18023= <1/B23=/ 3 </06=
A3561; B856 E80A/56 0<6 <306 3 <306 062.3C3128D

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A8B 2/ B853 56 </0 E1/26A O2/0A3= /2PD G/E:/<8@ /B8 C8156 E89167/A6@ <3 0A6 ; 030A6=; 87 VcD
L813B8 E;A/ 98730256 3=/A6 E;2 = 56064 ^ VcD %30A6= 87 Vc 46 7843D +3 46A6 06 256= ; 8A<8:3A3
<:18 0B8:8 56: 46A6 06 <3 B:6A/A3 3.</2 <:6= 62/D (26935/ 87 OVcP 376 7/156 87 18934B89 3 7/156 87
;03156289 030A6= /D

L/8 0A8 0= 8 <64 :6B13@ #C3A615 %<56A1/ 56 7801/ 2/ E1/26A 7/ E:3H</A3 626:935; 87 #:3932/123H
?1/26:/D #</ 626:935/ 46 B:63:/A3 9626A34B; E:8=562; 3 :6/BA3<3:/A3 3 E:60A:;BA;:3:/A3 0<56A18=
B873:/2/ <1/B2/D +1/B2/ 46 3.9:/73A3 030A6= 87 V` 0E3:/1/@ B853 46 /BA3<3:/A3 A35618D #<8 46 ;4323A3
15;70B/ C34/ <:18 <:356723= /@ 56: 46 823 C3A3 ; 0A/25; 7/ C;7; B15;4 ./ E:30A;E E87/43= / B853 0;
E8H:/25623 ; G6= 153D

%A8 56 ; A3= E87/43=/ A/B8 </.28^

#23 0; ; 3206BA3= /@ ; 4<3564;@ ; 0<325/= /@ =/9/:643= :6E8<3= /@ ; .6453= ;03= / 3 0<3=
0A</:3=/ 0/7:./26 3 2/ </=/ 56 7/ 3H 8AB:356A6D

>& .613= 8 2/91/03A3 7/ 56 E8H:/253</256 E87/A/B/ ; V` C3C138A6B/ ;013567318 ; = 2893= :/.1343A3=

01856<3= /D
L/7 0A6 <3 78013 ; C3C138A6B6@ E80A85/13 0; :/.23 B878<3 ./ E:30A;ED ":;93= :35643=/@ E80A856
=2893 :/.1343A3 2/4323 7/ 06 ;756 ; C3C138A6B6D +3 26 C3 =8913 0/=8 A/B8 ;43 3 :643\ O*/ 3=/=
78E;0A6256 7/ E:3= 3= 0<6 8<6 32F8:= /4356DP L/8 0A8 ; </085 <1/73 E80A856 :/.23 23<83
039;:280A3@ A/B8 3 C3C138A6B6 B856 7:.6 8<6 32F8:=/4356 3=/5; 0<856 039;:28026 030A6=6D

?80A85/8 56 :/.189 7/ 06 9:/76 8<6 C3C138A6B6@ 56: 827/ 56 <1/7/1/ A3:/235/D &.<56026 626:9356 N
J;</:3 <:6=62/ N 0; C313 ./C:32;A3 7/ 32F8:=/4356 7875; ; B:3<6 :;B6D '/B8 0;@ <:18 ./39:/28@
:/.<313 :/.26 C3C138A6B6D

#0A/16 C3C138A6B6 313 0<56A8<3 230; 0<3 B/8 </0 0<356AD G/7/A/B J;</:/ <:6= 62/ 56 C38 7/ 3.9:/76
E:856BA B:8. B853 46 0<560280A = 843 6<81;3:/A3@ E805678</A3 32F8:= /435; 3 C3A3 ; 0A/25; E:30A;E3A3
A85 32F8:=/4353D

?:<82/=5620B3@ ;189/ 48<56B/ B/8 <8734/ B/ C3C138A643 56 C31/ ;189/ <:18 <308B6 4/0A3D M6.
48<56B/@ 23AB8 26 C3 =89/8 E:30A;E3A3 C3C138A643 3 43= 56 C8156 48<56B C38 O2/0A3= /2P@ =89/8 06
80A</:3A3 C8153 E:30A;E C3C138A643D
J8<56B 56 C38 E8280/2 2/ A8@ 7/ C;76 78<81528 018C87/2@ E/ 3E/B 78<81528 <6./2 7/ 2/756
E87/AB6 ; 0<3= 0A</:3= /D

L/B8 0; 15;73 C313 C3C138A6426 30B/.2346@ 26B3 0; C313 C8156 30B/.2346 87 7:;93HD ?80A85/18 56
0B818</256 0/ 43156= B/B8 7/ 06 C;76 30B/.234/ 3 B/7 0; 781/.31/ C34/ B85/ 0; HA561/ 2/43
32F8:= /4356@ 823 0; 06 0A8E313d056732313 0/ 48<56B8= B853 56 C38 E:89:/= 3:/2 7/ 8798</:/ 2/
3.<56026 B878<6D
-B8 56 26AB8 3= /8 230B6 B878<6 ./ E:30A;E@ 823 0; = 8913 <3756A3 0/=8 3.<560A/2 738 26469/D
%</AB8 56 781/.38 0/ 2/= 56:8= 7/ 8AB:356 0E643F342; 32F8:=/435;D
&2F8:= /4356 230; C316 87 26B89 0B:3</26 ./A8 0A8 0; C316 A/52/@ 2698 ./A8 0A8 230;
616B:8= /926A0B3 8798</:/16 25698<85 C38180B85 0A:;BA;:3D

?87/43 =8:/5; =843 OE:843P B:8. 030A6= ;<56:625/ 3 <56:8</25/ 56726 3273<37;6@ 32/46 C3 =8918
7843 78 OB:/AB89 0E85/P@ /B8 56 E:6E1/<1562 0/ 626:9358= @ B85/ 2356 78<81528 8C89/462/
15;C/<15;D L/7 56 260A8 78<81528 8C89/4628 15;C/<15;@ A8 0A3A3 48<56B/ 7/ 26 78.3<3 B81/E0 3
F8B;03:/ 9/ 2/ E:3H</4/256 E:803:623569 B8246EA/D

#<856 2/432 2/ B853 0; <613B3 B8246EA3 78<67623 2/ E1/26A;\ 823 06 B:64; 2/ F:6B<624353 15;C/<3D

]:6B<62435/ 0<56A180A3 26 =8.6 A:/20E8:A3:/A3 <613B6 B8246EA6@ 56: 82/ 2356 E8<6./2/ 0/
6= 84358=D )5;C/<2/ F:6B6<62435/ 56 E8<6./2/ 0/ 6= 84358= D L/7 48<56B 0A</:/ 567/2 E:803:623
B8246EA %(M(@ A; = 8:/ C3A3 15;C/<3 7/ = ; 7/ 0= 30/8D M6. 15;C/<3@ 48<56B 26 80564/ 0<:H;d
0= 30/8@ / 48<56B =8:/ C3A3 E8<6./2 0/ 0=3018= @ 7/ 0H</A3 B/B8 0; 0A</:3 89:8=26D
+3 46A6 567289 7/2/2 8AB:3A3 7/ 3 06B0 E:3E/7/ E:8460;D L/7/ <3 E80567;56A6 0<85; <1/0A3A;
06B0;/1280A@ <3 <373A6 = 89;4280A3 B/B8 7/ 56 3.:/.3A6 3 <3 871;4;456A6 7/ 13 56 .613A6 3.:/.3A3 313 26D

J3= E80A/26A6 E:30A;E/423 3 7:;93 </0 E842; B8:30A3A3 7/ 8AB:35; C3C3138A6B;@ 0 98732/=/ =8.6A6
3=/A3 <:18 32A6:60/2A23H 0;0:6A/D -B8 E8426A6 E:8;4/</A3 0A/:6 0E306 3 =/2;0B:3EA6@ :/.;=356A
46A6 7/ 0; 06 M898<3 0E;0A313 78156 3 E8= 3560/13 0/ B46:3=/ 15;70B89 :87/D

%6B0;/1280A 56 C31/ B8:30A62/ 7/ 06 C/43 30B:/ 2/ C3C138A642; 30B/.234;D Q A8= 6 3=/ 26469 5/B8
8E/0289@ 56: 56 C318 .18;E8A:6C15628D G/A8 56 </.28 7/ <3 0<85; 06B0;/1280A E80567;56A6 3 7/
C;76A6 0/0<3= 2/430A8 0 A3= 6 0/ B3= 56 735613A6D >& 26 .613= 8 7/ 26AB8 87 </0 C;76 B;E1562 313
./<6762D

+3 = 8:/A6 8C:/A3A3 E/.25; 2/ A8 7/ 13 78.3<15/</A6 7:;96 B/8 30B:62/ C34/ B85/ 3=/5; 0<85
32A69:3A6A@ 313 7/ 13 </= 0/= 8 1/0B/5;D +3 46A6 E80A/A3 J;</:3 >843D

&= / 3 A:/734382/130A/ B853 =3016 7/ </= = 3 26B82A:813:/28 7/56=8 E:6<306 32F8:=/435/D >3
B/.6=8 7/ 56 G6= 15/ 2/ E;A; <613B6 B813.356@ A/B8 7/ 26 .613=8 3=/A3 8C.3:/ 313 30A/ ./7:./</A3D
>3 ;E:/<8 E:6E1/<15;56= 8 E1/26A@ B/8 3 =2893 7:;93@ 0/ = 89;4280A3=/ 7/ 06 056A3A6D '/B8 7/@
B/7 06 </=/ ;= 28.6 8</ 30B;0A</@ 8<8 .2/256 3 =89;4280A3 ! 7:;93@ B853 46 06 80564/A3
E:3<;4623@ 46 7843 B </= / 3. 253H8<3H :/.189/@ 56: 46 B:8. </0 =843 78C3A3 E:30A;E 3.<56023=
0A</:3=/D

L/7/ 735613A6 </0; 06B0;/1280A 0 26B3=@ A8 56 B/8 7/ 8A</:/A6 /<6235; E:6=/ 7:;93=
C3C138A6B/= /D &=/ <6.6 0/ E;28@ E;28 0A</:3D >3 .613=8 7/ <3 <813A6 3 E80A;56A6 0<856 A35618@
<813A6 06C6 3 7/ C;76A6 039;:23@ 7/ B/7/ 3= /A6 06B0 0 26B3= @ 7/ </0 A/ 808C/ .C315/ <813D '8 26
.2/43 7/ 06 = 8:/A6 <5624/A3D -13 A; = 8:/ C3A3 15;C/<3@ A/B8 7/ .2/A6 0 B3= 06 E8<6.;56A6 N A/B8
7/ 0<6 A8 0A8 8AB:356A6 3.= 675; </0 3 80A/26 3.=675; </0 7<856D

>3 </0 ; C3A3 26 ;E8.8:/</=8@ =3 </0 0/=8 32F8:=3:/=8@ 56: <3 46A6 <3756A3 0A8 06 760/</
7:;93= / B853 230; 8E:6.23 0/ 253H8<8= =843D

":;93= :35643=/@ 06B0;/1280A 2356 260A8 0 43=6 06 A:6C/ .6./A3D '8 56 2/432 7/ 06 8A<8:6
=2896 /<62356D -B8 <3 A8= 6 26 E:30A;E3A6 8E:6.28@ <3 =8.6A6 E:3<;43 626:9356 3 C6. 7/ 3=/A6
E/:A26:/D -B8 <3 B8:30A3A6 06B0;/128A 7/ C3 /BA3<3:/13 32F8:=/435;@ <3 =8.6A6 78.</A3 B:3<6
626:9356D

'/B8 7/\ C;73A6 0<56023 F:6B6<624356 06B0;/1280A3@ 56: 82/ C;73 80564/56@ / 80564/53 0; L)*QJ
./ E:30A;E E87/43=/ B853 0; E8H:/25623 ; G3<;485 M3C138A643D

4(%5-657& 988 !i>;1A373= 62.382/128 32A69:3:/256 d 0A/E15/256

+3 E:8F3A3:/A6 87 A89/ 0A8 ;460A<;56A6 ; E:8460; .3<8A/D '3= 6 0A8 0A6 567280A/<28 ; F3.3B/1280A3@
A5D F3.34B8= 0<6A;@ <3 3= /A6 E:313B; 7/ C;76A6 8C7/:623 30B;0A<3= / 3 808C32/= / B856 26 = 8.6A6
78C3A3 23976 7:;976D

Q460A<8</A3 ; F3.34B8= 0<6A; 2/ G6= 153 0/7/ 3 ; ./7253H `[[@[[[ 78 c[[@[[[ 98732/ ;30A32; 56
031/2 789/75/5@ 0 8C.3:8= 7/ A; <1/7/5; 0316 =:/B/D +3 0A6 06 C8:313 7/ 8A<8:3A6 843 3 E:6E8.2/A6
:/780A 3 ;.<306280AD -B8 = /18 :/.=3013A6@ <37646A6 7/ ; 30A8:353 =876:289 78C/ E80A853 <68= /
=/18 15;73 B853 0; .3<613 .3<8A3= / 30E;25623= :/7804; 3 ;.<306280A3D GC89 A89/@ <3 =8:/A6 0/= 3
E:82/43 3 0A<8:3A3 </0; :/780A 3 ;.<306208A 3 = 8:/A6 ;C673A3 06C6 B/B8 <3 A8 ./30A/ =8.6A6 7/
80A</:3A6D
+64 6823= / E:3:87/ E80A85/25/ 2/ G6= 153 E:670A/<15/ C8:C; 3.=675; 0<6A180A3 3 A/=6D $6B8 C3
A8 2/.</8 C8:C8= 3.=675; 78C:89 3 18069@ ;.<306280A3 3 .1/D > 3 567280A/<28 B/.6= 8 7/ 56 A8
580 567/2 789/75/5 3 = 60A8 976 <1/7/5; 87:67562/ E:/<31/ 3 ./B823 3 7/ G6= 15/ 2356 567328 A/B<8
=60A8 ; E80A85/25; B85/ 06 2803 0/ 8</B<8= <:0A8= 3./.8</D

+3 0A6 567320A<623 E8 A8= 6 0A8 </0/ C389626A34B/ 0A:;BA;:/ ;2;A/: </0 F;2B4382306 0/ = 2898
<306 =89;4280A3 2698 0A8 0A6 3B/7/ ./= 3015/13D */B8 56 32A6:60/2A28 E80= /A:/A3 </0 B/B8
3.<873A6 8<6 C8:C6 ;2;A/: </0 0/=3H@ ./A8 0A8 0A6 <3 ;C675623 7/ <3 =8.6A6 80A</:3A3 0/=8 = /13
E:8462/A </03H 0A</:23H =89;4280A3D Q 0A</:280A3@ <3 0A6 9:/2738.2/ C34/ B:63:/2/ E8 01343
C898</D

?/ 4/B 3 0/ A3= 26<6:8</A23= 0E808C280A3=/@ <3 0A6 B82A8130/23 78 A6 =6:6 7/ 0; </06 0A</:26
=89;4280A3 E84616 7/ 06 E8:34;d0/= 82693:/5;D +6432/ 15;73 B8:30A3 0/=8 c 78 g E:8462/A/
253H8<3H 0A</:23H 0E808C280A3D #23 B853 0; 2/E:672353@ B8:30A6 V` 78 V_ E:8462/A/ 25698<3H
0A</:23H 0E808C280A3D ,76 06 2/1/.6 E:680A/13H X[ 313 W[ E:8462/A/^ %A/ 06 =8.6 ;:/73A3 0/ W[
E:8462/A/ 0A</:23H 0E808C280A3^ '3H W[ E:8462/A/ 06 0/7/ C;73 3 7:6<26 843 46 E846A3 7/ <376 3
7/ 06 064/5; 0A/ 0A6 +& %->& 0E808C23 7/ ;:/73A6D L/7/ 06 7:6<26 843 8A<8:6 3 B/7/ <3 C;76A6
E:6E8.2/13 </06 0A</:26 0E808C280A3@ +& 46A6 E:60A/A3 7/ 2693:/A6 0<85; 0;0A32;D ?:60A/46A6 7/
06 0</75/A6 8 </03= 89:/23462523= / 3 B:62;46A6 7/156 87 0A</:3 B856 0A6 B8:30A313 7/ C3 06
0E:64/</13 7/ 2/E:67;56A6D

Q 7:6<28= (93EA;@ E846A2343= / A:623:/23= ; B:;98<3= / 0<60A620A</ 56 A:6C/18 =2898 .3<8A/

7/ E8AE;28 8A<8:6 843 B/ 7:;93= :6/13A6A3= /D #23 0; C313 A:623:/23 7/ 06 :632B/:23:/5; ;
87:675626 E8:87346 3 7/ 06 06A6 B8 0; 823 ./30A/D >/5B6 3 846<3 0; .2/13 ;2/E:67 B89/ 46 :873A3@
./A8 0A8 0; 3= /13 028<6 8 A8= 6D #23 0; .2/13 B8 46 7843 ; 256H8</ A61/ 3 E:6 ./464/D #43 0; A/7/
C316 =2898 8A<8:62356 3 =8918 06 <376A3 ; =2898 7:;93H :6/13A6A/D '6 843 0; 2/.</26 k#43
R8:;0/k@ E80A8 0; 06 253= / =8913 <376A3 7:;93 0<6A8<3!0<6A8<3 C;75625/ 3 0<6A8<3
0E/</25/@0<6A8<3 0= :A3 3 0<6A8<3 0/25/25/D
+& B853 .613A6 7/ 8A<8:3A6 </06 7:6<26 843 3 B853 0A6 =/50A8:3 B/7/ 56 C;756256 ; E3A/25;@
8C;4/</23 0A6 3 E:8013 0A6 A:62329 ; = 2893= 7:;93= .3<8A3= /D

%-" - 56 <:6=6 7/ 32A69:306A6 A:62329 B853 0A6 E:8013 ; </06 A618 3 ; 567/2 030A6= B853 26= /
23B/B<6 <6.6 0/ .3<8A8= ; H:/= ; !i; 567/2 030A6= B853 26 A6.3 A8=6 7/ </= 7/ = 60A8 ./ </06
0E808C280A3D +& 0A6 87= 6A2343 3 </06 7:;0A<8 ; B8= 6 .3<3A6 26 846B;56 </06 E8B1826 3 </06
.2/256 B/8 0A8 56 A8 C318 ; 7:6<28= (93EA;D Q 7/2/0256= 7:;0A<; 3 01;.C628= 0<6A; 26 E80A853
=60A8 976 = 8.6A6 E8B/./A3 </06 A/162A6D $6= / 23976 A/B<89 = 60A/ ;2;A/: 7:;0A</ ; B8= 6
.3<3A6D $8@ A/162A3 580 230; 30E13</13 2/ E8<:032;D +& 46A6 06 :/.<35/A3 C:.328= B858= A618 3 7;0/
0= /A:/ 2/5/76B</A2353= ./ B8:3046256 </03H A/162/A/D

$6=85A6 06 15;A3A3 0/= 3 2/ 06C6 .C89 A89/ 0A8 06 26 :/.<35/A6 C:.328= B858= </0 698 .613 7/ 06
:/.<35/A6D

(98 3= / 843 B856 <376 0/=8 567/2 768 </0D ";0/@ 313 843 R 8:;0/ B856 9167/5; B:8. </0@ E8AE;28
7:;9/4356 <376 2/432 2/ B853 A:6C/ 7/ 06 :/.<35/A6D ?8.2/</5;43 </06 E8A:6C6@ </0; 0A:;BA;:;@ 3
</0 E1/2@ <3 46A6 06 :/.<35/A3 C:.328= B85/ 46 8=89;43A3 7/ 80A/26A6 26E8<:675623D >62A/126
320A3A;4356 0; E:6E;25626 15;73= / B853 0; 8A<8:313 253H8<6 7:6<26 843@ /13 230; ;0E613 7/ :/.;=65;
3 7/ 2/75; 0=30/8 ; 828= 6 0A8 0; 8AB:313D #23 230; E:82/013 87/0315/4 87 78=/D M6. ;.6= 15625/@
7613B/A/2 C/1/20 26:<289 030A6=/ 48<6B/ 56 E8AE;28 E8:6=6462D

+& <68= / C:.8 :/.<35/A6 </0 26:<23 030A6= 3 E80A856 2/4323 B/B8 06 A8 E:6E8.2/56D %</B8 =/18@
<3 0A6 ; =89;4280A3 7/ 806A3A6 E;103:/256 B856 </0 3.<676 3. F3.34B89 :6/13A6A/ B/B<; <3
E8.2/56A6 !i</2 F:6B<624356 B85/ 56 A:646!73=62.382/1289 3762A3A6A/D +3 0A6 A/7/ 0E808C23 7/ 06
E:6C/43A6 ; 7:;9; <3C:/435; 3 7/ <373A6@ 806A3A6 3 E:6E8.2/A6 7/ 06 260A8 <:18 268C3428 760/</D
'/7/ 06 8C3428 E85/<3 87C/43</256@ .C89 A89/ 0A8 18934B3 ;= 26 =8.6 7/ 8C5/023 0A/ 56 A8 0A8
56 760/</ 3 <3 E8:346A6 A8 30B;0A<8 3 3 C18B3:/A6 = 6= 8:35; 2/ A8D

$/5C8156 56 80A/A3 E:3 32A;34353 !i801/25/5A6 06 2/ 828 0A8 8064/A6 3 3=/5A6 E8<6:625/@ 4/B 3 827/
B/7/ A8 26= / 23B/B<89 18934B89 0= 301/D $ 60AE153<80A 56 ./= B/ ./ =2896 87 </0 .C89 A89/ 0A8
=2893 87 </0 8064/5; 7/ A:6C/ 7/ 06 B:64; 26B;7/D $6=85A6 87C/43</A3 <:1326 B8:25/46 B85/ 06
B:646 <68=/ 0E8:8@ ./0A/26 7/ C3 06 ;<;B1/ ; 0<85 8B18E 3 :/.=3015/1/@ B85/ 56 <68=/ C13.; A1;
Uk0E;0A62/ 2/ .6= 15;k!E:3=DE:6<DZ 3 <373 <68= / 78C:8D

L/7/ C;76A6 E8.61613 7/ ;C:./A6 8A</:/256 7:6<23H 8435;@ F8:=;1303A6 </0; E:67/280A 3
0E:6=280AD >30/8 560A6D >30/8 B:63:/D-B8 56 </0/ = 30/8 7/ .613A6 7/ 06 :/.<35/A6 2/5<648=
=89;48= C:.328= 2/ 2/5C8153 =89;43 2/432@ A8 56 828 0A8 46A6 <3 3 ;:/73A3D L/7/ 0;= 25/A6@
0;=25/ 56 A/B8756 =30/8 B85/ B:63:/D L/7/ 06 0;= 25/ E85/<3@ 82/ 46 E:6B32;A3 6B0E/2.35;
E:8460/ .C89 A89/ 0A8 0A6 2693:/13 0;EA31280A 760/</25/ ;2;A/: </0D

+3 06 2/1/.3A6 ; 76B/73 B85; 0= 8 = 3 2/.</13 kC6.3=62/ 76B/7/k@ VWW[!A6D #<8 56 E6:387 B/7/
46 06 =2898 2/5.2/4/5235/ 760/</25/ 789873A3 2/ G6= 153D >289/ 760/</25/ 06 <64 789/75/5;@
/13 82/ 0; 0/B:3<62/ 87 0A:/26 8F3435/1289 0<6A/D '/5 0<6A 56 0/7/ E:6:/0A/8 25698<6 8B<3:6
.C89 A89/ 0A8 <306 26 =8.6 7/ 06 2803 0/ :6/12804; B85/ 06 = 625/ 3 :/.<35/D

+& B856 0A6 7:6<23 !i+& B853 0A6 =/50A8:3 C;75625/@ 78B 06 C;76A6 C;7313@ = 3 .613=8 7/ +&
E8426A6 7/ 9167/A6 B:8. </06 7:6<26 843 3 7/ E:8C;73A6 ; 06C3 828 0A8 <64 .2/A6@ 828 469/ 06
064/A6@ 828 0A8 56 7;C8B8 ;2;A/: </0D

+& = 8:/A6 7/ <6:;56A6 06C3 3 7/ 06 801823A6 2/ 06C6D +& =8:/A6 7/ C;76A6 0E808C23 7/ <373A6@
7/ :/.;= 6A6 %A/ 56 A8 0A8 <373A6 3 7/ E:6<676A6 8<; ;.<3062; <3.35; ./ 7:;96D +& 46 A6 7843 78
0/.2/25/ 3 89:8= 26 3= E18.356 </06 0<60A3 B85/ 46 </= E8= 843 7/ 06 06A3A6 B8 0A6 +& ./30A/ 3
AB8 0A6 87;<356B C313D

&0B15;43<8 87 </0 ./<303 7/ 13 46A6 8AB15;4/A3 C:/<6 3 78.<813A3 06C3 7/ 2/E:67;56A6 7/156D +64
0= 8 :/.98</:/13 8<76 8 </03= ;<6:6253=/@ <6:8</253= / 3 B813B8 56 </.2/ =30/8D

$/E8= 3256= 8 E828<8 3 E828<8@ 7/ 0A6 <3 :6.;1A/A +-%&R >&%)& 3 A8 56 8028</ :/.;=6</25/@
=/23E;1/4356 3 F;2B438230/25/ ;2;A/: </069 0<6A/D

L/7/ E8426A6 7/ :/.;=6A6 8</5 E:8460 3 7/ 9/ E:62606A6 3. </069 32A616BA/ ; </06 A618 3 B/7/
C;76A6 871;423 3 0E:6= 23 7/ .3<3A6 2/ A/5 2/432@ </06 7:6<26 843 46 C3A3 0E:6=26 7/ <376D

L/B8 C;76A6 ;4313 8 30A8:353 </06 7;06@ </0 3762A3A6A ; </06= A:62;A28= A61; +-% !ik*-k!i46
E846A3 7/ </= 761;56 <68=/ C6.2/4/528D +& 0A6 </0; E:673<2; 0;0A32; 3.:/.313 2/ 8<85 E1/26A3 ;
<68= / 7:6<2/ <:6= 62/ 3 E80A853 580 =2898 A89/@ = 2898 <306 2698 0A8 0A6 +& 0/7/ ;
=89;4280A3 7/ A8 0/9167/A6D '8 56 B/8 B/7/ C3 kE80A85/256k C318 B2539/ V =6A/: 76C61/@ / <3 0A6
0/7/ 2/ E:<3= 0A:/2/= / 2/ 8<85 E1/26A3@ 976 06 760/</ C;756256 $8<6 (:6D +3 46A6 E:843 B:8.
461; A; B2539; ; </03= .3<8A3=/D

L/B8 C;76A6 ;E35/13 0<6 8<6 32F8:=/4356@ E:34/ 46 E846A3 7/ E:6E1/<15;56 </0; 0<60A B/B8 +&
C;76A6 87C/43</13 9:/2346 3 0A696 ./ B856 0A6 = 301313 7/ 76F3230; 0<6A 87 B87/ E8A346A6D Q
E:8460; ; B856= 46A6 E:6018.3A3 </0 3762A3A6A@ 15;C3A6@ E80A;5A6 3 <813A6 0<6 </:35/4356 3762A3A6A/
B856 0A6 +& 0/= 3 3 26= 85A6 23 567/2 87 A3H 3762A3A6A/ 7/ E874625;56A6D ?80A;5A6 0</B3@ C6.
8C.3:/ 7/ 13 C6:6A6 5/9876 313 0B;E15A6 8E;0B6 87 439/:6A/ 2/ ;134/=/D "8.<813A6 /0E6BA; 06C6
B853 2803 30B820B; </A:; 7/ 06 3.:/.3 B:8. </0D +& 3 7/156 =8.6A6 7/ C;76A6 k*/k B/7 987 56 A8
E898728D #27/@ B/7/ 06 89:8= 280A 626:9356 30B8:30A3 B/B8 C3 </06 F3.34B8 <8.318 E80A/18 768
E1/2/ ; B8=6 ;A346 2/ :6/1280A@ k*/k 2646 C3A3 ;230A628D Q= 60A8 A89/@ k*/k 46 C3A3 ;567325628\
8</B8 06 E80A/56 =;1A373= 62.382/1/2D #</B8 56 C3A3 0E808C/2 B:6A/A3 06D

%<3 <3 .2/A6 7/ 06 8<76 2/1/.3A6 ; <68=/ .2/4/528= <:6=620B8= E6:387;D "8C/ 8 B8=6 06
E30/18@ 98<8:318 3 0/E;A/18 56 ;E:/<8 30E:67 </0D '8 56 78C/ B/7/ 48<64/20A<8 F3.34B3 = ;A3:/
30E:67 </03H 8435; 3 C;B</128 06 E:6A</:/ ; 260A8 0A8 78 =/18E:356 A8 2356 C318D Q 0A8 06 A8 15;73
E:6A</:/5;^ +68=/ 56 567280A/<28\ 15;73 06 E:6A</:/5; ; =;1A373= 62.382/12/ C34/D

#<8 56 <613B/ :64 3 <613B3 B8246EAD '/B8756@ A8 46 C3A3 260A8 0A8 46 </= C3A3 E8.2/A8 B/8 B/7/
<6.;56A6 08E0A<626 43E616D >;1A373= 62.382/123 15;73 B853 0<6028 E80A856 2/ <306 :/.1343A3H = 60A/
30A8<:6=628D )5;73 = ;A3:/5; 313 6<81;3:/5; ; C34/ B85/ 3=/5; 0E808C280A 7/ 06 E:6C/46 0/
567289 =60A/ 2/ 7:;98 3 7/ :/.;=65; 9:/2738.280A .2/4/5/ B8 0; #$& ./E:/<8 !i7/ 06 26
./<:0/</5; A/= 8 976 3= 06 B8./ ./<:0/</D )5;70B/ C34/ 06 26 ./<:0/</5; A/= 8 976 3= 06
./<:0/</ /;:/ 313 6A6:342/ A61/@ 823 E80A856 ; =2898 :/.1343A3H :6/13A6A/D

#<8 56 78C/ =;1A373= 62.382/1289 06C6\ 06C6 B856 = 8.6 7/ 06 B:646 0<6028 B:8. :/.1343A6
:6/13A6A6j 06C6 B856 =8.6 30A8<:6= 628 E80A85/A3 2/ 7</ :/.1343A/ =560A/ 3 7/ 3046.26@ 06C6 B856
=8.6 7/ 06 B:646 B:8. 46A<8:8!73=62.382/12; 0<60A NO82/5 B853 8E/./P@ / 26 O82/5 B853 =3013PD
#<8 56 78C/ 06C6 B856 :/.;= 6 7/ 56 25698< = 30/823 738 06C6 <68=/ </./2 3 7/ A8 =30/823 738
2356 B8= /27/2A F3.34B89 A61/j 82 56 0/= 8 0/<6A23BD

&2A;3435/ 56 E;A B858= 0A6 <3 0/7/ <875623 7/ 06 B;1A3<306A6 3 B85/ A:6C/ 7/ C;76 <624/2/ 0/
</08= 0<604; U32A;3435/ 3 0<60A A:6C/ 7/ 06 ;567326!E:3=DE:6<DZ +624/256 3.= 675; = ;0B89
/0E6BA/!1893B6 3 .620B89 /0E6BA/!6= 8435/D Q5673256256 8</ 7</ /0E6BA/@ 0E85346 3H ; 56728D

+:6=6 56 7/ 06 B:626 7/156D +3 06 0/7/ 2/1/.3A6 2/ <68=/ B:3A34285 A/4B3 3 <:6=6 56 ./ 89:8= 2;
E:8=62;@ 89:8=/2 B8:/B@ 8AE;0A/256@ 87:34/256 3 87</5/256D +:6= 6 56 7/ E8AE;28 78.<813A6
0<6A; 3 7;H; 7/ </0 E8<67; B:8. </06 E80A85/256D +:6= 6 56 7/ 78.<813A6 06C3 7/ E80A/26A6
56728 ./56728 0/ 0<3= =;1A373= 62.382/123= /0E6BA3=/ 06C6 3 7618<3=/ 06C6 ./ B856 230A6 23
.2/13 7/ E80A856D '3 /0E6BA3 06C6 ./30A/ E80A856D #23 0; E8<6./23 0/ </= / 3 B8:30A6 </0@ 823 0;
0A/27/:723 2803843 </06 7;06@ <8.318 E8B:6A/ ./ 0<6A180A ; 8<8= ;23<6:.;=; ; 8<8 <:6=6D

#23 ;2;A/: 2/06 9:;E6@ B853 0; 0=301313 <6:8</A280A3 ?:/!%A</:/A615/@ 0; B:8. 253H8</ E;A8</25/
B:8. <:6= 6 3 846B3</25/ <6432; A89/ 30E:/<28 E:67<37613D G/30A/@ ?:/!%A</:/A615 0/156 E:8=626
; <3C:/435/=/ B/ 8<8= =60A; E80A85/25/@ B/ 8<85 .823 0<60280A3 ! .826 018C8726 <8156D
"60/</256 06 87<35/ 8<76 3 0/7/ 2/ G6=153D #<76 0<6 E843256@ 2/ 8<8= B:/5; 9/1/B0356@ 2/
0/= 85 3<343@ ; 8<8= 761; ;23<6:.;= /D

#<8 56 89:8= /2 6B0E6:3=62A 3 30E;2562 56 89:8=23= ;.C;756256= 3 .;7258= 0<3H +-% 0A8 0A6
E:30A/13 7/ ;460A<;56A6 ; 256=;D M;73A6 H:/C:3D >3 A8 26 = 8.6=8 78<81528 2/91/03A3\ C;73A6
H:/C:3D %1673A6 ;2;A:/0256 <8750A<8 3 3=/5A6 E8<6:625/ 0/=3 ; 06C6D ?8.8<3A6 626:935; ; </0/
F3.34B/ A61/ 3 B8:30A3A6 56D ?:B803A6 ./B823=/ 48<64/20A</ 56: 56 A8 3 :/.189 .C89 B89/ 0A6 8<76 3
78013D +& 0A6 87=6A2343 30A8 B/8 3 = 3D

?80A856 823 B853 26 = 89; 7/ E;A;5; 8<3= E;A6= 0<60A3 3 A8 56 ; :67;D $356 23= /18 1/B E;A
E:8=623A3 0<85; 0<60AD '/5 E;A 46 </0 2/9:/73A3 823= ./ 43= +-%- "Q%- J(G$(@ 4/B 3 B/7
2/9:/76 = 89; 7843 B:8. C8:C6D +3 0/ 0<858= 0<60A3 2/E/7/A6 3. ./0676D +3 46A6 E80A343
9:/2738.26 <373B6 3 78C346A6 E8AE;28 28<6 = 89;4280A3 8 A8= 6 976 .613A6 7/ 376A6 2/ E1/26A3 3
</2 256D #23 B853 0; E8<6./23 0/ </= / 46 A/B8756 8AB:3A3 7/ 3 823 3=/5; 28<6 =89;4280A3D
J618B;E2/ 0<60A B85/ 56 78<6762/ 2/ 8<; E1/26A; ; 8<8 <:6=6 46 E846A3 7/ 6<81;3:/ 3 A8 46
E:8=623A3 ;23<6:./12; 0A:;BA;:; U0A:;BA;:; ;23<6:.;= /^ZD

K/.= 3015/5A6 ; B:;E28= E1/2;D K/.=3015/5A6 918C/128 3 :/73A6 A/B8D

L# 0; A3 = ;1A373=62.382/123 7618<3 +-%^

>2898 E;A/ 0A6 C313 2/<875623 7/ <6:;56A6 7/ E80A856 7:;93 7618<3 </0 B853 0; = 2898 <306
E8<6./23 2698 <3 0/= 3D "826B16@ 8<8 560A6 30A32/D >675;A3=@ 8AB:346A6 7/ 46 ;2;A/: </069 C34/@
</06 7;06@ E846A3 7/ 06 /BA3<3:/5; E87/43 B853 0; ;0B1/730A623 ;2;A/: </069 A61/ B856 2803
4618B;E2; 30A8:35;D

$/ B853 2/432 46 A6 E:6E8.2/A3 7:;96 /0E6BA6 06C6^ '8 06 = 8.6 7603A3 <68=/ E80A6E628@ /
=8.6 06 7603A3 3 A/B8 2/918@ B/8 7/ </0 56 26B8 A:602;8 E8 91/<3D '8 567280A/<28 ./<303 87
k+-% %->&R kD >8.6 </= 06 7603A3 567289 7/2 7/ 0673A6 ; 567285 08C3 3 7/ 78B A:6E26A6 8B8=
7/ 06 2/756A6 ; 7:;985 08C3D '8 C3 C318 /2/18928 828= 6 B/8 k7/ </0 56 26B8 A:602;8 E8 91/<3kD
L/7/ 0; E80A6E626 E:8=626 ; E3A/25;@ =8.6 </= 06 789873A3 7/ H87/A6 ;1348= 3 7/ 013B/ ;
3.189; 313 2/ E80A6: 2/ .37; k;B15;43k 260A8 ; </=/ 3 7/ 2/ =8=62/A 806A3A6 </06 03= ;1A/26
3762A3A6A6@ </06 /0E6BA6 06C6@ B856 E80A856 ;2;A/: </0D

+& 46A6 E846A3 7/ 30A:/.;56A6 /0E6BA6 06C6 B853 E80A856 ; 26!F3.34B8= 0<6A;@ B/8 3 7618<6 06C6
B853 E:670A/<15/5; 0<6=3:0B/ C34/ B85/ 69.30A3:/5; ; 0<6= 3:;D ";0/ 46 06 E:8C;73A3D #2/ 46
0E8.2/A3 0</B3 2562 /0E6BA 3 0</B3 2562 /0E6BA E82/808C 46 E8.2/</A3 0<6 80A/16 /0E6BA6 ;
46180A3D
L/B8 C;76A6 ;4313 7/ 06 B:646A6 2/ <3C:/43828= B;:0; d F:6B<624353 U<3C:/A382/1 :/A6Z@ A/B8 46A6
E80A85/A3 0<6023 0<3H :6/13A6A/ ./56728 3 E80A/46A6 C34/ 46A<:A6 73= 62.356D #<8 46A6 E80A343 A/B8
0A8 46A6 E:<8 ;43A3 7/ C/1/203:/A6 0/ A:3 313 46A3:3 :6/13A6A/@ ./A3= E6A 313 060A 3 A/B8 7/156D
?:8C;7346A6 0E808C280A3 ?:/!%A</:/A615/ 3 E80A/46A6 </0 ?:/%A</:/A615D

J315 ?:/!%A</:/A615/ ; B:63:/25; 8<89 ;23<6:.;= / 3 0<3H 80A/13H ;23<6:.;=/ 56 C38 7/ 06 82

U?:/!%A</:/A615Z :/.<356 78 A6 = 6:6 3 7/ 06 8A<8:6 = 2893 =;1A373= 62.382/123 B/2/13 32F8:= /435/
78 A6 = 6:6@ A/B8 7/ 82@ B853 06 2/1/.3 3 0<8= 0A</:3=/ B856 E8.2/56A6 N =8.6 7/ E80A/26
0<60A/2 0/=89 06C6 ; 0<3= 0A</:3= / N 0<60A/2 0<3H 789/75/25/ ; B853= / 0; ;E16A626 0<6
0A</:3 3 7/ =8.6 0<6 7/ /2/13.3:/ E:/<3128@ C6. 7/ E81;73D

+3 0/7/ :/.<35/A6 A6 0E808C280A3 ; 06C3D ?:/BA3428@ 768 B853 0/7/ E:81/.3A6 56 2/A6.3 768 .C89
A89/ 0A8 0;= 25/A6 7/ 13 56 A8 0<6 ./30A/ :6/128D '618 </= 98<8:3 5672; 0A</:@ / ;= 7:;9;D '618
</= 98<8:3 5672; 0A</:@ / 7:;0A<8 7:;9;D

G2/256 :/0A6 3 A8 56 828 .2/256 8 828= 6 0A8 06 0/7/ C;73 ;2;A/: </0D

+3 = 8:/A6 C3A3 /29/.8</23 3 E:67/23 43A/<8 <:6=6D L/7/ 8<6 7/:8<6 3 0E808C280A3 C;76A6 806A313
2/ 0<8585 B8.3@<3 = 8:/A6 2/;43A3 7/ :/73A6 0/ 253= / E8 0</B; 462;D L/B/< 987 E8:6= 64/5 ;
.3<8A; 7/ </= 06 760/</@ .2/5A6 7/ 0A6 <8756253 87 ;.<30623H 3.<8:/ 3 7/ 0<6 0A8 </= 06
760/</@ 760/</ 06 ./ </06 2/E:678</256 B/ <306= D L82/428@8<3 789/75/53 46 </0 8C89/A3A3D Q
0/7/02580A3@ </= / 06 4323 B/8 7/ </= 26B8 ;C/4;56 C/4<6 0/ .1/A8= ; ./7256 7<8:30A6@ / <3 2/
A8 B/.6A6\k"8<:/9/@ .1/A8 = 3 ;230A/</ A:/<25/BDk +3 = 3013A6 7/ A:/<25/B 2356 A/B8 16E B/8 0A8 56
C38 .C89 0<89 A89 .1/A/ B856 56 A/=8 ;C/4628D

L/7 987 </= 06 789873 26B8 30B;0A<8@ ;460A<;5A6 ; 256= ; B8=E16A28D M;73A6 B8=E16A28
E:30;A23 ; </06= F3.34B8= A61;D Q.3</5A6 ; A8=6 3 2/;43A6 B/B8 7/ 03=;1A/28 E80=/A:/A6 </06
30B;0A<8@ B/B8 ;A346 </06 30B;0A<8 2/ 7:;96 15;76 3 </0 3 :6.;1A/A6 B856 78C35/A6 3. 0<3H </03H
30B;0A/</D L/7/ </= 06 789873 C318 0A/ 26;8C34/528@ = 8.6A6 :643 06C3\k%5/528@ 6<8 9/ E828<8D
%A/ = 89; 87 8<89/ 7/ 2/;43= ^k

L/7/ </= 06 8</B</ 30B;0A</ 26 760/</5;@ <3 E8426A6 7/ F/2A/.3:/A6@ 7/ = 8.6A6 7/

E:6;.3=/A6 B82A:81; 2/7 </03= .3<8A3=/ 3 7/ 06 E82/0/A6 B/8 7/ = 8.6A6 7/ ;E:/<15/A6 A3=
26;8C3423= 30B;0A<3=/ B/7/ </= 06 E828<8 E85/<6D #<8 = 8.6A6 E80A343 2/ 30A3 2/432 B/B8 0A6
2/;4313 7/ 06 E:8C;73A6 ; 02; 3 7/ B82A:81306A6 028<6@ 7/ 26 C;76A6 ;H</4623 B/7/ </0 26B8
5;:3 313 7/ ;4323A6 7/ .<828 ; 0B813 ./.<823@ A/=/2 B/7/ 56 A:6C/18 7/ 78C356A6 5673234;D +3
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8<1/7/A6 0<3= </03= .3<8A23= 30B;0A<3= /D

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0:4/289 ;7/:/D '8 0; 735618<3 +-% B853 0; +&D

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8<3= 0<56A8<3= / 7/ 69.30A3:/5; 3 7/ E:6<676d E:6:/73 A8 30B;0A<8D

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B813.353 73=62.35/D
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./0A:/0;5;46 3 ;./0/</5;46D '60A 3 323435/435/ U/ 323435/435/ ;<356B .2/43 N B:6A/256 B:8. 5672;
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A:/20F8:=/4356D +& 0A6 78013 7/ C;76A6 ./0A/<234/: </06 7;06@ 7/ C;76A6 82/5 738 </06 7;06
B853 46 7/ C;76 <875/D #+-* 738 </06 7;06 B/.6\ O*- 87:675;56= 0A8 46 06 A; 7603A3@ 5/
87:675;56= :3A/= 3 828 0A8 46 06 7603A3 56 %+*(')# 3 32F8:=/435/D $6=/ <306 A/=6DP

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0<56A180A@ 803= B:8. </0^
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268EH8728 $->*(K- A/=26 0A:/26@ 2698 E:356 0<69/ 2562 A6=61523 80564/5\ %'K-R N B853 56
3./.</2 = /25B8= 32F8:= /435/D

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7875; 2/ 8</5 E;A@ 3 7/ 823 A/B8756: 78C35; 0<56A180ADP '8 56 <:18 567280A/<28D

M#KM- 3.=675; %+*(')- & '->( </= ./E:/<8 23A3 01;.3 23A3 B8:30A3D

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735618</ </0 0/=3HD

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0A6 <3 738 B/8 3273<37;/D +& 06 C853A6 26469/@ 56: <3 A8 26 :/.;= 356A6D

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?:/%A</:/A615 ; 0<3= 0A</:3=/D

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0A</:3D %A</:3 B856 0:6A26A6 3 B853H 06 C853A6 0A6 +&D
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39:/A6 A6 ;1896 78 E6:F6B4356D

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./7/A/B/ 56 7/ 78.<813A6 %(M& 7/ 06 0A8E3A6 0/ 7:;93= 735618<3= / 06C6 B853 0; B/B8 </= 06
0/7/ 4323 </03 26E:35/A6153 3 :/.7<85623 87 </0D

#<3 735618<3 %(M( 06 2/1/.6 ; 0<3= = 89;43= F8:= /=/ 3 </:35/435/=/ E80A85/25/D +/0 ./7/A/B
0/0A853 06 A/B8756: ; A8= 6@ 7/ F:6B<62435; 15;C/<3 B85/ 56 F:6B<62435/ B:6/4356 3 F:6B<62435;
0<56A1/@ B85/ 56 F:6B<62435/ 32F8:= /4356 2803A6 Q+&*(L Q %(M&@ ; 0</B8= 069=62A; </06 "Q%(D

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3./C6:6A6@ C6. 7/ 0;73A6@ A/B8 7/ =8.6A6 0B;E15/A3 30E:/<26 32F8:= /4356 3 78<60A3 </0 B/
J3A/<80A3D U8:39D eH8162600@ 8ED E:6<DZ

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8B<3:/D
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030A6=3=/ 0A</:280A3D

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3 ; =2893= :/.1343A3= 030A6= 3= /D ?80A856 A/B8756: <6:.356 </0 B856 :/76 A8 30A8 ; ./5672343
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H;= /26 F8:= 6D

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=2893= <6:.35/= / 80564/523H :6/1280A3 U :6/1280A3 B85/ 56 0E808C2/ 7/ 80564/Z 313 :6/1280A3 B85/
56 018.62/ 87 735618</D

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5672; <:0A;@ +& 0A6 OE;A;5;43PD
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8<8 :/73A6@ A/B8 7/ 06 =8.6A6 ;56723A3 3 7/ :/.;=356A6 C346 ?:/0A</:/A615/ B853 56 0/7:./2 ;
:/.2813B80A3 0<3H C34/ 3 <:0A/@ B853 2/ E:<3 E89167 26= /5; 230A/ ./567234B8D

L/8 41/28<3 #C3A6153 %<56A1/@ +& G$-'( 0A8 06 789/75/ &G- LQ)&%-D +& 781/.3A6 B/8 /=C/0/78:@
7/ C3 0A8E313 0A</:280A3@ 7/ E80A/2; 32F8:= 3:/2356 ; 06C3@ A/B8 7/ 06 0</AB8 B8 56 ;B15;462 =8.6
8018C873A3 0A:/H/ 3 E80A/A3 8018C87562 U;232H3C3A67ZD

"38 </069 E801/ 56 7/ 0:6A26A6 A6 7:;96 +-%@ 7/ 06 0A8E3A6 0 253= / 3 7/ 8056A3A6 B/B8 56 A8D
&76/128@ <3 46A6 E80A/A3 =;1A373=62.382/123 E;A2343 3 C3A 46A6 0E808C23 7/ 06 2/E/5/A6 02/98= 3.
</069 A3561/D +& = 8.6A6 =8.7/ :/73A3 ; E815;@ = 8.7/ ;E:/<8 :/73A6 ; 0<8= <:A; 313 4/0B/A6 0/
26B3= 313 C6:6A6 5/9876@ B/7 8756728= 78 </0 78756 567/2 .<;BD +3 06 30E:34/A6 3 B/.6A6\
O?8.</2 0/= D +:/4/= 06 E801356PD +& 876A6@ 056726A6 06 3 78.<813A6 </085 134280A3 2/ G6= 153 7/
87E;A;56D +& 827/ 0B:8. 0<56028 87<676A6 </0; 134280A ;E:/<8 A/=8 9756 56 268EH8728
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+& 46A6 A8 .2/A3D

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B/7 567/2 87 </0 4;56 A/5 '82 3 B/7/ C;76 E8.</2D +3 46A6 0B:8. 0<56028 E;A8</A3 3 ./C/</ 46
</= 7843 87 </069 0/=89 %(M(D

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L/7 <3 782606A6 =89;4280A3 #C3A6153 %<56A1/ 2/ E1/26A;@ 7:;93 2646 .6156A3 7/ <3 C;76A6 8<756@
56: <3 26 E/06A6 0/ 253H8<3= M898<3=/D

$6 .616 0<3 7/ C;7; 018C8723D +& B/8 41/2 #C3A6153 %<56A1/@ +& 46A6 0A<8:3A3 5672; 28<; G6=15;
B85/ 46 C3A3 018C872/

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<:356=6 06E/:/4356D J1/28<3 #C3A6153 %<56A1/ .2/5; 7/ 823 26 = 8:/5; 7/ :/76 3B/7/ 30A/ 2/ 031;D

+& 567280A/<28 = 8:/A6 7/ :/73A6 ./56728 ; H/:= 82353@ 7/ E87:./</A6 56723 7:;96 3 7/ A:/.3A6
56723 7:;96@ A/B8 7/ 06 80564/A6 ;98728 ; 828= 6 0A8 :/73A6@ 56: 26B6 0A</:3 B856 46A6 :/73A3 46
C3A3 5/B8 .60A8B6D

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F:6B<62435/ 56 %+*(')#@ /13 0 <:6= 628= @ <3 46A6 2/;43A3 B/B8 7/ 2803A6 F:6B<64235; )*QM-+&D

+613B/ <6432/ </0 26= / E85=/ 0A8 C3 F:6B<62435/ 15;C/<3 = 891/ C3A3D +& E:34/A6 8 15;C/<3 3
0<56A180A3@ /13 <3 580 ;<356B 26 0H</4/A6 E:/<8 .2/46256 A6 :35643 3 25628 :/.9:/253</256D %<56A18
56 32F8:=/435/@ )5;C/< 56 B:6/435/D +& = 8:/A6 C3A3 32F8:= 3:/23 E:356 2698 0A8 B:63:/A6D "/ 13
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46= 62A23 C6A820B3 C18B </0 0/=3H@ B853 0; </0 7:./13 78156@ 2/ E87;D

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6IE6:3= 26A 56 3= /8 5672; 56732; 0A/234; <64 E:6B8 c[[D[[[ 98732/D Q<356B 30A/ E560=/D
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A/B8 7/ 56 <64 c[[@[[[ 98732/ C31/ 6=3A3:/2/ 3 E:3=/2/ 30A/ F:6B<62435/D
#<8 56 B:63:/18 B/:/2A62; N 567280A/<28 :64628 E1/26A/ 56 C31/ B/8 ./E64/462/ 3 H6:=6A34B3
./A<8:62/D

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F:6B<62A23 0A3AD
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78013 ; 030A6= 7/ C3 E:3H</A313 8<6 .:/B6 .2/25/D

+3 827/ 03:3A6 A8 .2/256@ 28<3 2/432 .3<8A/ 3 28<; F:6B<62435; 0<6= 80A/18= 0A/28<230A<;@ 7/ C3
E:8=562313 43A/<; E1/26A;D

L/8 41/2 #C3A6153 %<56A1/@ <3 0A6 8<756 7/ C3 Q%&"K&)& F:6B<62435; 3 78.<81313 7/ E8426 =;A/4350B3
E:8460 ; </03= A35613= /@ 7/ C3 9/ <3 7/156 E:67/</13 3 2/E/<313 E:356= 4153<3= ./ E1/26A;D

+& .3<3A6 A/5 E:8460@ 3 827/ 9/ 0/156A6 2/ E1/26A;D %A8 A8 .2/43^ '8 .2/43 7/ 46 06 </0/
%'+-K$#%' 0 <:6= 628= E:8= 5623A3 3 2/432 2/ B853 <3 78.3<15/</A6 0A</:280A 46 06 E:8= 5623A3D
+6 46A6 E:60A/A3 C3A3 +& B/B<3 0A6 06C6 .2/13 E:356 3 C3A 46A6 E;28 <306 E8<6./23 0/ </03= 7:;93=
75618<3= / +-% B853 0<3 46B/5; 7/ 2/E:/<6 0B8B ; 0<3560280A3 B/8 +&D

#</5 E:8460 ;B15;4;56 0;06:A/256 3 0A/E15/256 B8:30A643 </069 = ;1A37326.382/1289 %(M(D J3=
78069626A6 78 <3069 .2/25/@ <3 0H</4/A6 7/ 230A6 0/= 3 3 7/ A; E80A856 98=316 +-%&R %(M(\ 2/
</= / 16.3 3./.8< 7/ 8<8 0H</A3A6D

$6=/ 7803./25/ <3069 .2/25/@ C6. 7/ E:8756A6 B:8. =;1A373=62.382/1289 06C6D '8 .2/43@ <3
=8:/A 0A643 A8A/123 ;<37 3 78.3<15/</256@ 0:6A/256@ 0A/E/256 0/ B816BA3<8= 32A6139624356 B85/
E80A853 ; 0<68E46= 0/7/0256= 03:625; 3 6B0E/273:/25; 3.</2 <:6= 62/ 3 E:80A8:/D

+56:;5A6 2/=@ B/7 =3 B/.6=8 7/ +&@ 41/28<3 #C3A6153 %<56A1/ 0A6 ;:/7313 89:8= 26 0A;7356
H30A8:350B6 = /23E;1/4356 B85/ 06 760/</1/ 2/ 8<85 E1/26A3@ B/8 0A8 56 26B8 B8 56 E801/2 2/ 26B3
./7/A/B = 8:/8 E:843 B:8. 7;9; 8C;B; E:356 2698 0A8 56 ;8E46 = 89/8 C3A3 E801/2 ; E8156D

%+-'L# #" +-% 56 C38 A:623:/2 3 +& &>-'( G$-$*( Q %(M&D

$/0 738 56 7/ 870<3:/=8 A6= 615626 /B8:76 3 7/ /BA3<3:/=8 </0; 0<3560A A/B8 7/ <3 =8.6A6 343
7/156@ 7/ +& = 8.6A6 3.<60A3 =618735; 313 E560= ; 313 E160 2/ B853 0A6 E:3E:6= 15623D

+-%( G$-$*( 16.3 ; </= / 3 B/7 03 +& 78.<813A6 7/ 9/ 8AB:356A6@ 828 46 06 C;73A3 3 C;73A3 ;<356B ;
7;C153= 3 7;C153= 01856<3=/

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268<3023D

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56: 46 06 ;E1/03A3D

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;189;@ A/B8 7/ 06 C8156 87= /H 2/<3B23A6 2/ A8D $ 6= 85A6 =3013A3 7/ 56 </0 0A:/H 180D L/7 56728=
E/726A6 E:67 </03= 0A:/H8= 3 ;.=6A6 9/ 0=:A28 8.C31528@ 827/ =8:/A6 E:843 0B:8. B:8. A/5
0A:/H 3 80564/A3 828 0A8 80564/A6@ A/B8 7/ 9/ = 8.6A6 E:6</.343D
?8423A6 0/ A3=6 0A8 46A6 :643\ *- 4; A:/20=;A3:/A3 8</5 0A:/HD *- 4; :/.;=56A3 7/ 56 8<8 738
E1/2/D *- 4; :/.;= 56A3 7/ =3 82 =8.6 01;.3A3D

%56A3A6 06@ </0/ = 84 3 </0/ 0E808C280A 7/ 0A</:/A6 0A</:280A </08= <8158= G-+K%-+- '->#
,"*( ?#J&$ *( %'K-R D

- =3 </= B/.6=8\ .3<8A .2/43\ 0:60A3 06 0/ 0A:/H8= D

?89167/5A6 2/ </06 78.3<15/56 ; .3<8A; 3 2/ A8 B/B8 3H <3 0A</:/A6D

K/.;=35A6 7/ 3H <3 ;<356B 0A</:/A6 7/ C3 </= 01;.313 3 7/ C3 <3 87 A89/ 3=/13 B8:30A3D

+& 0A6 A:623:/23 ./ 8<8D

+& 0A6 B873:/23 ./ 8<8D

4(%5-657& 9888 !i&.</2 0<68E46 A3:/2356

%<68E4/ U ;1A3= /A3<2/ Z A3:/235/ ; 15;70B8= 7:;0A<; 2356 B82A:813:/2/ <8523= ./B823=/D '8 56
B82A:81/ E;A6= E03H8180B6 =/23E;1/4356 0<3560A3 B:8. B85; 56 76F323:/2/ :6/1280A@ A/B8 7/ 823
B853 69.30A3:/5; ;2;A/: A89/ 230; 0<356023 7/ .3<6 ; ./A<8:;D
'/B8756:@ 230; 23 0<356023 7/ A/= 8 </23 3= / 26469@ 3.</2 9:/234/ 253H8<89 E80A85/25/D >&
E:670A/<15/=8 A8 260A8 3.</2 8289/ 2/ 0A8 0A6 2/;4623 7/ E80A853D '8 56 828 0A8 E826B/7
E:670A/<15/ E87:;456 </069 E87;H</A/@ B;7/ 06 E826B/7 k;0;75;56A6k 3 E87:;456 2/ B856= C3
=3 .615613 7/ E8426A6 .3<56A3j / A8 56 3.</2 E:80A8:/ ; B856= </= 56 7:;0A<8 :6B18 7/ = 8.6A6
.3<56A3D

L82A:813:/23 0A6 E8E;A 8</4/ ; A8:; 87 0A:/26 823H B853 = 3016 7/ </0 E80567;5; !i87 <1/76@
E:6B8 %<356A0B89 >62/7= 62A0B89 A3=/ Ub 8:17 >/2/96=62A '6/=Z 78 823H ; 0<6= 3:;D
#7;.6A8 </= 56 </06 .2/256 E;A6= F:6B<624350B6 B82A:816D
K/.= 3015/5A6 8 F:6B<624353 B/8 8 3273<37;/128= 87/0315/25; 3 E:3= /25; E:6B8 B853H C3:/A6 0A/234;
</069 3.C8:/D '8 87/0315/256 56 280384 </18</ 32A6139624356D K/0E82 F:6B<624356 56 2689:/23462@
5672/B8 B/8 3 8E069 87/01/289 = /A6:35/1/D

L82A:81/ F:6B<624358= 89:/234/</ C:85 0A/234/ B856 =8.6A6 C3:/A3D

L/8 E:3E/723B #C3A6153 %<56A1/@ <3 =8:/A6 ;037:3A3 F:6B<624356 B:8. 0A/A3423 B/80 3 782356A3 3H ;
E87:;456 F3.3B/1289D #E069 E:30A;E/4280A3 2/ 8<85 E1/26A3 78 :/.1343A3H F:6B<62435/@ C38 56 <:18
=/162@ 0B8:8 =323=/1/2 3 A8 .C89 = 2893H 0A</:3@ B853H = 8:/A6 ; E8AE;280A3 E80A/A3 0<356023D

"8B ;43A6 8 0<8585 <1/0A3A85 E8<3560A3 3 8AB:3</A6 ;.8:B6 26;0E56023H B/:/BA6:30A3B/ B856 = 8:/A6
E:6B32;A3 3 E:8=35623A3@ E1/26A/ E;103:/ B:8. <1/0A3A6 ;.8:B6 3 B/:/BA6:30A3B6D +3 46A6 E828<3A3
E8<3560A B/8 3 E1/26A/ 2/ 2/57:/=/A342353 2/432D

#<756 0A6 7/ 3.= 35623A6 3 = /B26A6 F:6B<62435; 89:/234625/ 3 7/ 782606A6 F:6B<62435;

32F8:= /4356D

L/7/ 0A6 32F8:= 3:/23@ <3 9;C3A6 E8A:6C; 7/ C;76A6 ; 0A:/H;D L/7/ 06 80564/A6 2632F8:=3:/28 3
3.</2 B82A:816@ <3 26 :/.;= 356A6 <64; 013B;D

%</AB8 87 </0 780/8 56 7/ E:8C;73 260A8 ;2;A/: 06C6@ ;2;A/: B87/ </069 C34/ !i"$L !i3 <3
:6/93:/A6 2/ A8D '8 56 ./0A8 0A6 ; E8A:/.3 ; 0<3= E:/<43= / 0<89 .3<8A/D

+3 3 = 280A<8 7:;93H ./E84613 0A6 =;A3:/5;43 E:8460 2/ E1/26A3D

L/7/ = ;A3:/A6 616BA:8=/926A0B3@ <3 = 35625/A6 0<85; F:6B<62435; 313 .<;B B853 6=3A3:/A6D +3 46A6
B82/428 E:6:/0A3 F:6B<62435; B85/ </0 7:.3 78156 3 B85/ </0 C8= C/:73:/ 0/ B/808= 3 B82F;.358=D
L82/428@ B/7/ ?K#> *($&'(@ " #$ (%('( 3 %-J Q+-'( </0; <1/0A3A; F:6B<62435;@ E846A 46A6
7:;9/4356 <3C:3:/A3 3 2/5 A/5 2/432 ;A564/A3 2/ 0</B89 8B8 </0D #23 46 8056A3A3 780A;E280A A6
F:6B<624350B6 E:8=5626@ B85/ 46 06 E846A3 B:6A/A3 B/8 </1 8B8 E1/26A6D

L/7 E1/26A/ E8426 E:3H</4/A3 A; 28<; F:6B<62435;@ ./ B85; 46A6 06 =8:/A3 5/B8 E8A:;73A3 7/ 06
./ 25; 3.C8:3A6@ 823 2/ B:/5; 78=328!1/24/ 46 5; E:3= 3A3D

'/ 28</ F:6B<62435/ .8<6 06 G$-$*(@ %+*(')#%' 3 &$]#K>-J&*-D '8 06 .8<6 3.1/./B 3. :8C0A</
3 0A69/D &./43 46A6 </2 76.32F8:= /4356 3 =3032F8:=/4356 3 <3 46A6 E80A/A3 32F8:= 3:/23j 7843 46A6 B
0<356A1;D

L/8 0A8 56 0</B8= 87 </0 C318 78735615628 7/ E80A/26A6 32F8:=3:/23 3 782606A6 0/ 08C8=
F:6B<62435; E:8=5626 2/ 8<; E1/26A;@ <3 = 8:/A6 2/;43A3 7/ E80A/26A6 J;</:3 ]:6B<624356D
>8:/A6 06 ;.7343 78 87:6756289 = 560A/ .2/25/ 3 7801567280A3 B856 06 A/=8 2/1/.6D

>8:/13 0A6 C3A3 ; <1/0A3 0<89 A3561/ 7/ C3 = 8913 871;43A3 3.=675; = 3:8</25/ 313 /BA3<280A3D >8:/A6
E80A/A3 0E808C23 ;43 ; 06C6 3 3.135643A3 0A8 06 7/ 3.135643A3 6= 84382/128 3 F3.34B3D

>8:/A6 .2/A3 E:6E8.2/</A3 75;291; ;2;A/: 06C6 3 E:82/43 3 E:8430A3A3@ 7/ C3 80A/13= / = 8913
E8B/./A3 E;AD ?826B/7 46A6 80A/13= / E8B/./A3 E;A@ 26 E:34/5;43 0/ 253= /@ <64 0/= 8 87:./</5;43@
.3<5643 3 :/7643 2/ 0<8585 <1/0A3A85 F:6B<624353 3 3=/5;43 H:/C:80A3 7/ A8 ;4323A6D

L/8 <613B/23 0;0A/</ 3 E8A62435/123 J;</:3 ]:6B<624356@ <3 46A6 843A8 ;43 ; E87:;45/ 9756 0; </06
0E6435/1280A3 E806C28 A:/.626D
>289/ C34/ B85/ 0; 32B/:23:/2/ B/8 41/28<3 #C3A6153 %<356A1/ 7801/ 0; ; %567325626 ":./<6 56: 56
A8 .6=15/ ; B8585 = 8.6A6 2/5<306 2/E:678</A3D '8 56 A/B8756: .6= 15/ 9756 06 2693:/256 2/5<306
03:3D +3 <56:;56A6 7/ .3<3A6 ; .6= 153 018C876 3 H:/C:80A3@ /13 ./E:/<8 .3<3A6 ; 2/5<306
B82A:813:/28= 6B0E6:3= 62A/128= 7:;0A<628= ;:675625; 2/ E1/26A3D '3:/235/ B85/ 56 8<756
E80A/<1562/ 56 7826B16 32A6:60/2A2/@ 56: 56 A8 A3:/235/ C6. .378</D L/8 7:./</ 3 B816BA3<2/
0<3560A@ %567325626 ":./<6 580 ;<356B 230; 780692;16 0<3560280A 7/ 260A8 2356 30E:/<28D #B8132/
%567325623H ":./</ ./E:/<8 56 E;28 <306 B82A:813:/2/ 2698 82/5 ; C3<06= %8<56A0B8= %/<6.;@
9756 56 B82A:81/ C31/ 843A/D

GC89 A89/ 0A8 0; 0<3 A813B8 ;E1/0623 7/ 87;0A/2; 87 030A6= / ; %567325623= ":./</=/@ 823 46
C3A3 E:30315623 7/ 87;0A/2;D %30A6= 56 B8:;=E3:/2@ 26 F;2B43823:/@ 26 E80A;56 .3<8A 3 26 E80A;56
G6=15;D '8 56 0/=8 728D -B8 260A8 26 E80A;56 .3<8A 3 26 E80A;56 G6= 15;@ = 8.6A6 06 8B1/73A3 7/
46 A8 E:8E/0A3 3 A8 E:8E/0A3 ; <613B8= 0A31;D

%<3560A 06 = 8:/ =35625/A3D '8 56 738 M8./20B89 ?1/2/ 3 A/ E:313B/ 3 E8760/</256 2646 06
E:8E;0A3A3D "8018 56 78 E:6;= 3560/280A3 ; = /A6:35/128= 0<356A; 3 78 B8= E16A289 26780A/AB/
0H</4/25/ 26F3.34B89 0<356A/ B853 69.30A3:/ 8B8 </0@ 789873A 46 06 :68:9/23./435/ E:38:3A6A/ 8289
0A8 781/.3 E:<8 ; .3<8A;D )5;73 46 ;0A/A3@ 2/B82 0A8 0<6 3.9;C6@ 823 B853 06 230; 73./13 B/7/ 0;
3=/13 0<6D )5;73 46 06 E:8C;73A3 ; 26<56:85/A28= E8A62435/1; 0/= 3H 06C6D

Q 013567643H 26B813B8 98732/@ E8<6./280A 3 0;:/725/ ; ./5672343 E846A 46 06 789/75/A3 ; 8<85

.6= 153 A/B8 7/ 46A6 06 E:60A/A3 06E/:3:/A3 E:6=/ E813A34B85 3768189353D
'8 06E/:3:/256 56 ;= 56A28 0A<8:628D

L/7 0; 15;73 06E/:3:/23 3 ;0:678A84;5; 06 2/ = 675;08C26 :/.13B6 313 06 8.2/4;5; B/8 :/.1343A3 87
7:;93H@ A8 56 0/<:062/ 30E:3B/ B85/ 3H E:35643 7/ 8AB:35; 0A8 3=/5; ./567234B8D '/ 06E/:/435/
0E:64/</ 15;76 7/ 06 E8<6.; ; ./567234; 3 E80A/2; 02/.23D

?;28 E813A34B3H E8A6./ B853 06 789/75/5;@ E898A8<8 823H ; %-"!;@ 56 B:63:/28 0 2/= 56:8= 7/
</0 87</5/D ?89167/5A6 26e /96D +373A6 13 B/B8 56 26e /96 E873561562D K64626 0; </=
0</B85/B6 0A</:3 B856 </0 0E:64/</5; 7/ 8AB:356A6 0A8 3=/A6 ./567234B8D L/7 A8 15;73 8AB:35;@
E846A 46 06 15;A3AD L/B8 46 06 0<6 <306 8AB:3</A3 =6A876 B82A:816 3 06E/:/4356@ :/0A3 46 15;A25/ ;
%-" !;D "89/75/A 46 06 0A</:3 B856 46 =8.7/ 3.9167/A3 B/8 7/ 06 7:./</ :/0E/7/@ / 8E6A 46
01;.3A3 4315; .C13./</25/ 15;73D
?85/<3A 46 06 28<3 80564/5 E8280/ 3 32A69:3A6A/@ 56: 56 A8 A/B8 73./523:/28 ./ 8</ <:6= 62/D

J/:0A<8 = /A6:35/1289 56 E87:;456 0 B853= 06 0<3 E8<6.;5;D G3<8A ; %567325623= ":./</=/ 06

0<873 2/ A8 B813B8 28</4/ 3= /A6 ; 7.6E8<3=/ 3 B813B8 28</4/ <1/7/ .613 3. </03H 7.6E8</D
"/7.C326 46 C3A3 A6= / B85/ 46 3./.</A3 3 2/5<306 B/80/ ; %567325623= ":./</=/ 3 2/5<64;
B813432; E830A8<5643</25/@ ./A8 56: 0; </= A/B06 0<3=/ ./567234B/ 0A</:D > 8.7/ 26 <56:;56A6 0<3
; 30A89/ M89/@ /13 0<3 E1/4/A6 &%'& E8:6.D

% E/=6A23= E8A6.8= @ B:3./ M130B89 &0A8B/ 7/1/ 56 <1/73 3.98<8: 7/ C6. = 89;4280A3
E80A/<15/25/ E3A/25/ 73926 435626 C62.32/D +373A6 B/B8 0; A8 1;B/<6 0A</:3^ %/ 580 = /18 <306
7/7.C32/ 15;73 46 E846A3 E:630E3A3</A3 B</13A6A; 253H8<3H .3<8A/D Q A85 7:./<3 <3756A 46A6 = 2898
15;A256 56: 46 06 = 2893 15;73 80564/A3 C60E8=8428D )5;A25/ 56 5672/ 87 E:<3H 6= 8435/ B85/ 46 06
E85/<3A3 B/7 15;73 0H</A6 7/ 06 789/75/ = /23E;1/435/ 3 7843 46 ; 7873: 0/ 0<853= 80564/53=/D

>876:2/ A6H2818935/ 56 56728 87 2/5<643H 8:;.5/ B82A:816 F:6B<624356D M3A 46 </= E:87/</23
;:675/53 ./ ./C/<; 3 ;78C280A@ 3 B853 0; 0<3 ;E16A623 ; B82A:81; F:6B<624356D >3 </= 02/.28
E:6E8:;4/= 8 7/ 06 :35603A6 0<853H A< E:356=23B/D '8 56 E:3= /:28 8:;756 B856 06 B8:30A3 ./
=/23E;1/435; </06 0<560280A3 2/ 726<285 C/.3D '/5 6B0E6:3=62A 56 A/B8 F328 ;0A3=/2 7/ <3
E870<56028 E:3H</4/A6 C8160A3 E;A6= A616<3.356D & A/B8 56 E80A853 5672/ 43561/ 9626:/435/ B85/ 06
k;C35/k E;A6= 9167/25/ A616<3.356 3 E87:./</256= = 6734320B89 7:;0A</ ./ A8 <:356= 6D

?826B/7 06 6= 3A3:/ 8018C/75/5;4/ 32F8:= /435/ !i4/B 3 26e /96 0H8eD &E/B@ = 89;46 56 9167/A3 A<
0H8e 8 A8= 6 B/B8 =8.6A6 C3A3 ;.<30623 3 2689:/234623@ 78B 0A6 E870<56028 ;7/:/23
F:6B<624358= B85/ </0 0E:64/</ 87 8:3932/1289 :/.= 3015/25/D '8 E870<36028 </0 7:.3
26E8B:6A23= @ 3 7:.3 </0 ; 56728= 7:;0A<; A3E/ k?K(G&+&ak@ k%'&,$ &ak@ k"#" *& $- +K&*(>(k @
k%Q'&ak@ k&"& $- ?#%-#ak

'616<3.35/ E:8=8<3:/ 26/BA3<280A3 3 0A/A34280A 3 A/B/< 0A31 .3<8A/D

?89167/5A6 8B8 06C6D ?:8C;73A6 06 15;73a

+6432/ E870<3560289 2/ A616<3.353 56 0E:8<6762/ E;A6= A6H28189356 B85/ 56 :/.<3562/ ; 0;:/7253

0/ 26E1/26A/:23= C343=/D L8:30A6256 E870<560289 7/ ;.26= 3:3 15;70B; 0<560280A 56 E80A/8
0<56A0B3 E:89:/=D

-B8 :/.= 3013A6 8 B;4/=/ B856 3=/A6\ 7</@ A:3 3 46A3:3 A616<3.8:/ ; 253=/@ = 8:/A6 06 018.3A3 7/ 56
A8 <:18 78C/: = /:B6A320B3 E:89:/=D $6B3 15;73 B853 .2/5; 8 E870<56028= 2/ A616<3.353@ =3016 7/
0; 3=;23 2/ A8D &E/B@ 6F6BA3 A616<3.356 0; A/B8 E:356= 43<3 7/ C6. 8C.3:/ B813B8 A<:73A6 7/ 46A6
C3A3@ 26 = 8.6A6 3.C/1/203:/A3 828 0A8 ; 0/7/0256 <:356=6 A6H2818935/ 4323 </085 <3C:/4350B85
F:6B<624353D

K6B13 0= 8 7/ E80A856 C34/ B85/ 06 H:/26 2/ </03= 6=8A3<23= A35613= /D G/= 3013A6 B/B<8 1;B/<8
8:;756 56 ./ 253H A616<3.35/D %<;7/ E8 0<356A; =3135/:76 15;73 6= 3A3:/5; 6= 8A3<26 08B8<6 ;
/A=80F6:;@ 8<3028 8 828= 6 0A8 0; 9167/13 2/ A616<3.353D #23 26 =8:/5; <306 3= /A3 A/B8 E;28
:/A8</ 7/ </0 2/C:;06 !i823 =89; 567280A/<28 023= 3A3 F31= 8<6a

)5;73 B853 3= /5; E8A:6C; 9167/A3 A616<3.35; 230; 823 B853 E80692; ; C89/A0A<8 32F8:= /435/ ;2;A/:
0<89 ;= / 313 823H 32F8:= /435/ 8B8 2/0 B856 0; 0<3=/ 87= /H 780A;E26D Q 0A</:3@ /B8 06 0A</:28
.613A6 :/.<3A3 26=85A6 43A/A3 28<326@ 26=85A6 01;0/A3 :/738 3 26= 85A6 9167/A3 A616<3.35;D -B8 0A6 ;
0A/25; C3A3 B:8. 7;./ :/.78C15/ C6. = 6735/ 3 /B8 0A6 06 ; 0A/25; 87=/B2;A3 87 ;460A/180A3
B/80/@ A560B8C6@ 0A:60/@ 0A:B6 3 3./.8</ 0<3H <:0A/ B856 26 A:6C/A6@ E846A 46A6 9167/A3 5/02356D
?846A 46A6 01;0/A3 828 0A8 06 789/75/ ;2;A/: </0 0/=3H 3 .3<56A3 2/ 0<356A; / 26 30A8<:6=628
C3A3 3.9;C15623 ; 256=;D

?80A/26A6 5/023D $6 =8.6= 8 A8 78<81528 2/91/03A3a

(16BA:823B/ </= 30A8 2/E:/<3 9;.<; 2/ </085 F:6B<624353D J/B 3 /B8 230; B820A:;3:/23 7/ 0A<8:6
9;.<; 2/ </085 F:6B<624353@ E826B/7 06 </0/ 3 616BA:820B/ F:6B<62435/ 567280A/<28 26
E87;7/:/5;D Q. A8@ B/8 0A8 0= 8 :6B13@ =2896 0; 2/E:/<15626 A/B8 7/ 3./.8<; B87 </0 0A/A3B;
A/B8 7/ 46A6 ;<356B 80A/A3 2/ 87:675628= <3C:/4350B8= 23<8; B853 </0 E:6A</:/ ; 039;:2;@
C6.8E/02;@ 26/BA3<2; 3 E:87;BA3<2; 0A8B;D

- 0A8 0/ B8= 5;A6:3=/^ ":;93 2/5</.235/ 0A</: ; %567325623= ":./</=/ 56 B8=E5;A6:D L813B8
</0 :/73 ./ B8=E5;A6:3=/ 3 ./<:0/</ 0/ 91/<8C815/= /@ E806C28 B/7 :/73A6 ./ <613B6
B8:E88:/4356 3 <6./23 0A6 ;2;A/: 253H8<3H 462A:/123H B8= E5;A8:/ U = /32F:/= 6 Z^ +613B6
B8= E/2356 C/<6 06 /0E6BA3= / B82A:816 ;= /j 823 B8:30A6 </0 ;= 7/ C3 E:83.<613 626:935; 3
E80A3913 260A8 ./ 06C6D #08C23 B8= E5;A6:3 U?Jl0Z 230; A813B8 =8423 3 02/.23D

Q A8= E87.6= 15; 3.;=/ 26B3 28<3 3.;=3 46 30E13</A 2/ E8<:032; 56: 23B/7/ 2646 78C3A3 E/A62A6
7/ C3 C313 E:8= 8<3:/23 2/ A:.30A;D ?80A85/A 46 43A/</ E87.6=2/ 6B828=35/ A6=615625/ 2/
:/.= 5623 ; B8585 46 87:675623 3.;= 3 C3A3 :/.=56253</23 =675; 15;73=/D ?80A85/A 46 A6H28189356
B856 = 89; 75618</A3 2/ F:6B<624350B; B82A:81;\ A6 A6H28189356 = 89; E:8= 35623A3 B</13A6A; </069
.:/B/ 3 <876 3 = 89; ./E64/A3A3 </0 78= A/B8 7/ C;76A6 567/2 26./<3023 0B;E 626:9356 3 7/ </0
230A/ 26 = 8.6 C8= C/:73:/A3D ?80A856 A6H28189356 B856 :/76 F628=62/126 0A</:3D "/ 13
:/.;=356A6 B/B8 56 A6H2818935/ B8:30A62/ E:8A3< </0^ $ 356 B8:30A62/ ./ </0D '616<3.35/ 2356
2;.28 180/ 0/= / E8 06C3@ /13 56 B8:30A62/ ; 1806 0<:H6D $6=/ 23469 18069 ; A6H28189353D +/.28
56 B/B8 06 B8:30A3 A6H2818935/D Q A8=6 56 :/.13B/D

%30A6= 0B818</25/ 56 580 56728 E87:;456 9756 0A6 B82A:813:/23D %<6 46=; +-% ;46 0; 91;E/:356 3
C60= 301346D

+& = /:153<8 :/73A6@ ;.3= /A6 B:673A6 3 E1/4/A6 28<46= 7/ 2/;43A6 260A8 0A8 56 ./0A/:5618 3 E:356
2698 0A8 ./B8:/43A6 ; 4/:0A<8 .2/20A<6289@ = /A6= /A34B89@ E03H8180B89 3 = 6734320B89
30A:/.3</25/D

%A8 4323A3 B/7 .3<3A6 ; 7:;0A<; B856 </0 <:35672;56 E:6= / 73E18=/= /^
?843256A6 98<8:643@ k*- <56:;56= 7/ *- #M)&LQ*(> %+#* %+&*('D */ <56:;56= 7/ 5/ 26 A:6C/=
8<6 E:6E8:;B6 7/ 76F323:/5; =856 E80A85/256D */ = 89; C3A3 567320A<62 0/= 8= 6 06C3@ 26./<30/2
E:6= / 06C3kD $/753 =6A87; 313 E;A 7/ E:8;4/</0 0<356A C6. 73E18=/D $/8C:/.C/ 56 ./E:/<8
E8A:/9/ ./ .2/256= @ / .2/256 =8.6 7843 3 3. 06A256 E;0A3258=D #28 26 = 8:/ 7843 130A/256=
B2539/D $356 0A6A28 = /18 ;E8.2/A3 0B818</256@ /13 26=85A6 E8<56:8</A3 37653 7/ 56 0<6 0A8 ;43A6
A8428D

+3 0A6 B82A:813:/23 3 E8735615623 0/ 0A</:3= / B856 ;7/:/5; ; 0/= ; 0:. </03H 6=8435/D ?8C/4/5d
E:8!.3<8A E:8C16= 2356 918C/123 E:8C16=@ 2698 56 2/4382/123 E:8C16= D ?826B/7 3.9167/ B/8 7/
0; 267;.26 .:A<6 9/.626 789/75/53=/ B853 2/3.9167 26= /5; 230A/ 0 253= /D $/:/<28@ A8 0; </0
;4313 !i7/ 0A6 C60E8= 8423 3 567328 = 8.6A6 C3A3 0E/0623 <8158= C898</@ 0A8 23B/7 2356 01;4/5D #23
B853= / 56 .3<8A 87;.6A ; 260:643 313 .C89 2/0315/@ A8 0; C3:/13D

?8C/4/5d E:8!.3<8A E:8C16= 56 C38 2/=56:28 8:B60A:3:/2 ; %567325623= ":./</=/ 0 :/.1343A3=

F/BA8:3=/ ; <1/73 7/ 06 2/E:/<3 26780A/A/B H/:=82356D
?8735613 3 E8C35673 3 8<1/7/5 15;73= /D

"8E;0A3 15;73= / 3.C8:@ 018C87; 3 = 89;4280A 7/ 0<356028 E8C8150/</5; 0<85 .3<8A 3 26 = 8.60
8<1/7/A3 253=/D Q<356B B/7/ 15;73 E:8A;:5646 15;73= /@ 823 B853 3= /5; B82A:81; ;<356B 3=/5;
B8:30A3 4/B 3 B/7/ 56 ; E3A/25; E:8C16= B/8 0A8 56 /C8:A;0D

L/B8 823 E:8F3A3:/5;^ ?:35646 .62/= / 7/ 06 ;567326 3 15;73=/ 56726 0 7:;93= / 8<756 ;
%567325623= ":./</=/D #23 7:.6 15;76 ; 0A:/H;D #23 </0 ;<56:6 0A/123= 3.2806256= E:8C16= /
E:67 </0@ A/B8 7/ .62/ 26=/ B82A:81; 2/7 E:84608= :875625/ ; 256.328= A3561;D +3 26 A:6C/A6
/C8:A;0\ 23B/7 </= 26 A:6C/ 7/ ./A:;723A6 /B8 A8 0A</:28 26 .613A6D
L/B8 ^ %2/98= <8156D
G62/ =8.6 :643 0/= / 06C3@ k580 230/= 0E:6= 2/ ; 8<8 <:356= 6 ./ 7356A6kD &13@ ; 7:;98=
01;4/5;@k0E:6= 2/ 0/= ./ 7356A6kD L/7/ E80567;56A6 4356189 06C6@ 2646 </= C3A3 E8A:6C28
78E;0A6256 87 <1/76 0A8 0=356A6 2/E:/<3A3 0/ 0<853= A35618= D

$/03156 2/ ;134/= / = 6A:8E81/ 56 7:;93 E:8F32562 2/432 B82A:816D +613B3 9:/78<3 ; %567325623=
":./</= / !i)80 -296160@ $ 6e m8:B J3Ah@ b /0H329A82 " DJD 3A7D 0; 626:96A0B3 :6.6:<8/:3@ 313
626:96A0B6 :;E6@ 9756 626:935/ 781/.3 2/ %56<6:28 -=6:34B3 B82A3262A 313 C/: 56 78 0/7D
"8987318 06 E8<64/256 2/0315/ ; A3= 9:/78<3= / 56: 56 E8.2/A8 7/ /B8 26./78<8150A<8 80A/26
;035/28 3 ./C3156.628@ =8.6 C3A3 = 89;46 <8.318 ./ =/23E;1/435; 4356189 2/:87/D '6 0A</:3 0; 0
2/=56:8= 0A/<15626 ; E8B:6A 2/ F3.34B8= 23<8; 3 E8= /.6 2/ 6A6:34B8= 23<8; 56: 0A8 06 <306
0A:/H/ E:83.<873 823 2/ <1/0A3 = 89; 06 <306 H:/23A3D

L/7/ .62/ 3./756 </2 0 F/=31358= 3 C3</ 2/E/72;A/@ / 256.32 = 1/73 032@ 2/3.9167 267;.2/ .:A</@
C8:3 06 0 2/E/7/43=/ 3 ;= 3:6 E87 28.6=@ A8A/128 26846B3</28 2/ 0<8= 98730256= 87=8:;@
0A:/H B853 06 E:87;43:/ ; A/B<3= 03A;/435/= /@ H:/23 E;28 15;73D ]628= 62/128 B813B8 56 0A:/H/
E:8;.:8438 :/A 2/ M130B8= &0A8B;D

#A:92;A/ </= 56 .3<8A2/ 02/9/ 3 /B8 3=/ 260A8 0A8 <3 B/8 E:3E/72343 15;70B6 :/06 3=/A6
./567234B8@ A8 56 7/ 0; </= 8A:92;A6 </06 6= 84356D ":;93 0; 0<3:/13 E8 </03= 6= 8435/= / B/8
7/ 0; 320A:;= 62A3 3 23B/7 </= 230; 7/13 78 .2/25/ B85; 02/9; 3=/A6 ; 0<853= 6=8435/= /D

J3A/</ A/ E:34/ ;<356B 06 <:/4/ 2/ 6= 84356D (=84356 0; B/8 B/:A6 B856 </0 = 89; 78<60A3 2/
26B8 = 560A8 3 ;B15;43A3 </0D $(+*(K#+-'$# %'( M#,-'&D

L/7 C3 0/=8 = 8913 0H</A3A3 B/B<8 C89/A0A<8 0A6 +& 0/ %+#*&> 6=8435/= /D $ 3./ <3C:/4350B/
C34/@ /B8 = 8.6=8 C3A3 A/B8 H:/C:3 7/ 3H A/B8 2/.8<6= 8@ 69.30A3:/5; 2/ 6=8435/= / B856 0; ;
<:18 = /18= :/0E82; F:6B<62435/ 6=8435/ / C/.3:/5; 06 2/ 0A:/H;@ B/80; 3 2/0315;D

%E808C280A 7/ B8:30A3A6 15;70B; <815; 3.2/7 15;70B89 ;= / 56 </0 B:/5253 3.<8:D '/ 0E808C280A
7/ 0/<1/7/A6 B82A:81; A35618= ; 87280; 2/ </0; <815; 56 ;E:/<8 828 0A8 15;73 B853 ;E:/<15/5;
E1/26A8= $( G()( "- +& %R+-'&'(D

%A8 <306 <3 E80A/56A6 0/=80A/123 3 <1/7/A6 0<858= <1/0A3A8= F:6B<624358= @ 823 B853 26 .616
8<756 28<; F:6B<62435;@ 782356A 46 28<; F:6B<62435; 26 C3 13 B:63:/13 B/80@ B82F;.35; 3
E81/:3./435;D Q<356B@ B/7 987 56 7:;0A<8 2/ :;C; <613B89 0B8B/ 313 E:8= 5626@ 781/.3 78
735/= 6A:/128 0;E:8A23H /BA3<280A3D

Q<356B 9167/5A6 2/ E:8C16= 3. E6:0E6BA3<6 B:;E23569 E1/2/ A/B8 7/ ;2;A/: A89/ 80A/26A6
26;A:/123@ 56: 013B/ 06 ;<356B E8<64/</D ?1/26A/ 56 2/ E;A; 567289 <613B89 0;84625/ 0/
87:675623= 62A3A6A3=/D >3 A8 567280A/<28 2/91/0/</=8j 230=8 8<756 7/ E:8=8<3:/= 8 0A:/HD
%A:/H 56 828 0A8 0;E:8A23 A3= .613 7/ 80564/A6D >3 .613= 8 7/ :/.;=356A6 7/ = 8.6A6 E:8=35623A3
0<6 0A8 .613A6 E:8= 35623A3D Q C;7;4280A3 0<6 46 A8 C3A3 39:/ C:85B/= /@ 56: 46A6 K-"&'& G-*("$#
26 C3 13 78013 78 = 560A/ 802/.625/D

':/.3= 8 87 15;73 7/ E:8F;2B43823:/5; ; E8AE;280A3 B/8 41/28<3 #C3A6153 %<356A1/ <3.;/13.3:/5;43 3

E;2643 626:9358= 0A;E 0<356A1/ 3 <;B;43 9/ ;2;A/: A3561/D G/E8<35673A6 A8D Q4323A6 0<858=
0</B8726<28= 2/=56:8= 7/ 7561;56A6 0/ 028E8= 0<356A1/@ 56: </0 F:6B<62435/ 0<356A1/ 0E/5/ 3
E;23 </0 ./0A3A8= 3 32F8:= /435/= /D
#056A3A6 B/B8 06 B:646 ; 0:. </06 B:/156.2346@ E8 A3561; 78156 ; .6=15; 3 30A8 A/B8 B/B8 3.1/.3 3.
E87:;45/ </069 081/:289 E16B0;0/ B/8 <8780B8B 3 F8:= 3:/ .1/A23 0A3A 0<356A1/ 8B8 </0D "8B
B8:30A3A6 E87:;456 081/:289 E16B0;0/ 7/ C3 ;0A/28<313 0A8 06 789/75/@ 2/;43A 46A6 C3A3 :/.C8:3A3
B:8. 80564/56D

+1/02343 .6=156 230; .615613 7/ 15;73 0H</A6 7/ 0; 253H8<3 80564/53 3 6= 84356 B/8 ;:87@ B/8 0A8 56
.3A8 0E:6= 28 ./ .6A<;D -B8 0A6 <3 0/= 3 <1/023B 0<856 .6A<6@ 827/ </0 7:;93 26 = 89;
30B8:30A/</A3 3 B8:30A3A3 </0 C6. </06 78.<816D
L/7 7561;56A6 0/ 87:675628= F:6B<624358= 3 0;<6:62804;@ 823 B853 </0 .616 B82A:813:/A3@ 230;
./32A6:603:/23 ./ </0D #23 .616 E:60A:/062;@ B/8A342; F:6B<62435;@ 56: A8 56 828 0A8 3H H:/23D

%A:/H 3 B/80 E:6<1/7/13 0; 2/ 8<85 E1/26A3 56: 0; 3H A3 62A3A6A3 ;.C;:B/13D #23 0; E873561313 3
./<1/7/13 0<;9756@ 26 C3 13 B:63:/13 A; F:6B<62435;D

L/7/ 7561;56A6 ; = 3:; 3 15;C/<3 3 0/ 32F8:=/435/=/@ 7:/0A3428 =35625/A6 0A:;BA;:; 8<89 =560A/\
"#$ #%&'( &GM#K ]K(L+($J&*( $-'K-, $- #+-* ?)-$('D

4(%5-657& 8: ! ?8AE;28 28<6 9:/2346

M;7;43 7/ 0A6 <3 7:;0A<8 B856= 56 F:6B<62435/ B82A:813:/2/@ 0E808C280A 15;73 7/ 0A<8:6 28<6
A6H28189356 56 13= 3A3:/2/D Q 56728= = /256 B82A:813:/28= 7:;0A<; B856 3=/ 03:3 0E6BA/: 78= 6A/
313 = 89;4280A3 E;A8</25/ B:8. 0<6=3: 3 <64; 3.=562; 3.= 675; 030A6= /@ A6H28180B6 E:67280A3 0;
./E/25;5;46 3 ;.73.;46D >2893 E8B1823 3 ;A564/53 87 O3.</2P E1/26A/ 0; ;0;AB/23D $6B6
32F8:= /4356 0; 3E/B C316 7/26 G6=153 2/ = 2896 :/.1343A6 2/4326 3 :6.;1A3:/5;46 A6H28189356 0;
78235616 78 <613B3H E:8= 562/ ; 2/432; .3<8A/D

*672/ 87 E:8= 562/ ; 2/432; .3<8A/ B85/ 06 76031/ A8B8= 8<89 0A81564/@ C31/ 56 ;<8756256
F31= 8</D *67/2 0/0<3= 28<3 2/432 ./ ;A564/256 2/ > &%)& 56 7826062 2/ G6= 15; B:8. F31= 0B;
327;0A:35;D '/B8 B/B8 2/ G6=153 E80A853 F31=0B/ 327;0A:35/@ A/B8 3= /5; 3 </2.6= /1543 5672;
R#)#,K-]%LQ 327;0A:35;D #2/ 0A</:/ H8189:/F0B6 E:856B4356 N 7:/= 6 N B856 3.9167/5; B/8 7/
0; K(-)$( 3 ;C/4;56 3H B:8. E8:A/16 ; </0; 0A</:280AD

M;7;43 7/ 0; 8</ C34/ C31/ 8B8 </0 ; ./7253H 0A8A32; A30;4/ 98732/ 3 7/ 56 15;70B/ F:6B<62435/
B82A:813:/2/@ E:313428 56 567280A/<28 78<60A3 15;76 78 ./C1;76D

R8189:/F0B6 E:856B4356 0; 06 B8:30A316 2/ G6= 153 7/ = /23E;13:/5; 3 B82A:813:/5; 0<3560A 3 7/

E:8=5626 E:34; 8 32F8:= /4353 ; 76.32F8:=/435;@ ; 5672; E:34; 0/ 89:/234623= .2/256= D '/B8
7/@ 823 B853 :/76 0/ H8189:/F0B3= E:856B435/= / 26 .616 15;73=/ ;<356B 782356A3 0<56A180A@
32F8:= /435; 313 320E3:/435;D #23 3= /5; 0<856 :/.1896@ 4/B 3 B/7 823 A6 :/.1896 2/.3</5; 0<56A180AD

R8189:/F0B/ 30B;0A</@ E806C28 :/.28:/.2/ O<375625/P 2/ 26C;@ 06 :6/13.3:/5; 3. :/.189/ 7/ 06

;A5646 2/ 5672; <613B; 9:;E; 15;73 8756728=D >2896@ /B8 26 3 0</ <375625/ $)#/ 0; C316
H8189:/F0B6 E:856B4356D M318 56 3 H81D E:856B435/ 56726 3273<376 ; = 2893= 8C1343= /@ B856 0; 06
&%'#+K(>($# E:85343:/16 ; =2896 :/.1343A6 B;1A;:6D GC89 A89/ 26B6 87 :6139350B3H E:34/ 3=/5;
0134280A3 ; 06C3@ C318 7/ 06 2/1/.6 2/ 8<8= 313 828= ;91; E1/26A6 3 C6. F3.34B89 B82A/BA/
3.=675; A3H B;1A;:/D

R81D ?:856B4356 3.9167/5; 3762A3428 B/8 3 c" 0A</:280AD #26 0; 0A<8:623 789/75/53 B853 06
O;C/4;5;P ; </0; 0A</:280A@ 7/ C3 3.9167/13 B/8 7/ 0; 0/=8 567/2 738 56726 B8=E16A26 :/7256D
#23 0; B8:30A623 7/ 06 ;A5646 2/ Q> E:8= /A:/4/ 3 823 0; 5/B8 A60B8 ./ :/.8AB:3A3 3 E:6E8.2/A3D +3
46A6 ; 013567643= 98732/=/ 3=/A3 5/B8 E;28 0/206 ./ <56.C;@ B/7 06 2/ %:67256= &0A8B; 3 ;
80A/13= E87:;453=/ 8B8 E1/26A/ 0B;E3 87:67562/ B813432/ </2.6= /150B3H /BA3<3A6A/ 3 B/7 8 253= /
C;76 3.<560A/</28D $6B3 87 A3H 789/75/5/ 46 C3A3 E:/<3@ / 26B3 E:856B4356@ B853 3= /5; ./ 4315 7/
%<3560A 48<564/20A</ E8B:62; ; 0= 56:; B82A:816 B:8. 5672; 0<56A0B; <1/7;D

R81D E:856B4356 3=/5; 626:96A0B/ E815/ 3 = 89; 06 E:6E8.2/A3 :/7360A6.358= D K/0156 ; 253=/
:6/93:/5; 7:;9/4356@ 56: 0; 253H8</ 626:96A0B/ E815/ 26;0B1/7562/ 3 26<56:85/A28 C:.8 <3C:3:/5;D
+& = 8.6A6 ;43 ; A6 E:856B4356 3 0;75618</A3 ; 253= /D )5;73 = 89; 0;75618</A3 ; 253= / 3 B16A3 06 7/
0; 826 E:/<6D U R#)#"(JL@ %A/: ':6B ! B8= 62A/: E:6<DZ

;5#< ($# '= #$'2&$#"-$# >(%->7-7# 3(7# *"&0-7= =*7&2-*# $- ?98@A?B C@D,8E
R81D E:856B4356 230; 0A<8:626 .C89 32F8:=/435/@ 826 0; 0A<8:626 .C89 B82A:816D #26 0;
567280A/<28 567/2 E:87;BA E80A85646 A6H28189356D
%A</:280A3 =89; C3A3 B820A:;3:/26 3 E:85343:/26@ C/0 B/8 3 F31=8<3D
]31= 8<3@ A616<3.35/@ = 67353 3A7D 0; </0/ <6:.35/ 0A</:/25/ 0A</:280A3D

?80A856 3 7:;9/@ 5/B8 6<81;3:/2/ C34/ B85/ =89; "# '( >*(K( B:63:/A3 0A</:280A3@ 7/ <3 26
=8.6A6 Q#?J( E:6E8.2/A3 :/.13B;D ?:856B4356 0; B/8 .:/B6 567289 <613B89 :6F16BA8:/D L/8 0A8
:6F16BA8:3 E:85343:/5; 0<56A18 ; =:/B@ A/B8 06 2/ 8<; E1/26A; E:85343:/5; H8189:/F0B6 E:856B4356 3
A8 B:8. ?#K'-)(D

#, K#> $- B813432/ 626:9356 56 E8A:6C2/@ 56: 8</5 E:8460 ;B15;4;56 %'-?-$*( "&>($G&*-D '/
A6H2818935/ 26 E80A853 ; A:6485 73= 26.353@ 82/ E80A853 0/= 8 ; 7:;93= 73=62.35/= / 3 A/ C34/
A:6C/5; 73= 62.382/126 F;.356D

%A8 56 :/.13B/ 3.= 675; 73=62.35/^ G/0A8 56 5672/ 73= 62.35/ </.2356 87 7:;96^ %</B/ 73=62.35/
3=/ :/.1343A; <3C:/435; 8728028 2/432 2/ B853 06 =816B;16 B:64;D #<6 H8189:/F0B6 E:856B4356
A:6C/5; =560A/ 9756 0; 06 73= 62.356 <64 0A8E316@ 56: 823 = 8:/5; E:643 B:8. 7:;96 73= 62.356 7/
C3 ;013 8</= 8D

)5;70B3 :87 56 C38 01356E 3 ./1;7562 ;<356B 3 ;<356B 2/28<8@ 56: 06 32F8:= /435/ 2356 =891/
O./B/43A3P ; 253H8<6 26:/.<35626 0E3:/16 "$ -D #C3A615 %<56A1/ 56 7801/ 7/ A8 0<6 E:8= 5623D

+& 0A6 8<756 7/ 2803A6 28<; F:6B<62435; 2/ E1/26A3 3 7/ 56 7:.3A6 ; 0<853= A35613=/@ A/B8 7/ 3
80A/A/B E1/26A6 = 8.6 <3C:3:/A3 2/ 30A85 F:6B<624353D #</ F:6B<62435/ 46 :/.C3A3 0A:;BA;:6 B856 0;
./028</26 2/ 7;E185 0E3:/13D $6= / 26B89 7:;989 3.1/./\ <:356= 6 56 ./ 6<81;435;D G6= 15/ 56
0E:6=2/ 7/ E:8756 B:8. 0<6 0A/ 56 E8A:6C28 ./ A; 6<81;435;D

)5;70B/ C34/ = 8:/5; 2/;43A3 43A/A3 3 :/.;= 56A3 626:935;D #23 = 8:/5; 2/;43A3 B/B8 7/ B8:30A6 <306
87 253H8<3H E6A 4;1/ 7/ E6:43E3:/5; 0A</:280AD >3 0= 8 </= :6B13 7/ 0; </03H _ 4;1/ O</:/843
0A</:280A3PD #23 O./B15;4/</5;P 0A</:280AD +3 = 3013A6 7/ <3 E6:43E3:/A6 0A</:280A 0/ 8<3= 4;13= /@
78B 823 ; 0A</:3 #, K-$&J-+-*Q </0; E6:46E435; 0A</:280A3DD +3 0A6 A:623:/23 580 87 </069
756A3250A</ 7/ 06 801/2/5A6 2/ </03H _ 4;1/@ 7/ C3 32A6:E:6A3:/13 </0/ 30B;0A</D
#7 0/7/ 46A6 06 =8:/A3 801823A3 3 2/ </0/ 7:;9/ 4;1/@ 7/ C3 8C;H</A313 26B8 30B;0A<8D *672/ 87
F8:= 3 B85; 0A6 A8A/128 ./E;0A331 56 #%*(J -*D

#%*(J-* ! </0 G$-*QJ&@ &$'Q&'&+$&@ $ -" !JQ)$& 738 %(M( 56 B:8. B82A:81; F:6B<624356 2/
8<8= E1/26A; A813B8 ./AE:/2 3 ;B13560A62@ 7/ 23AB8 87 </0 2356 C38 ; 0A/25; 7/ 9/ 2/756D
L-" M& +& 2/013 </06 <1/0A3A8 .2/256 3 </0 <1/A3A3 2/432 32;A3A3<289 80564/25/ N +& 26 C3 = 8913
C3A3 B82A:813:/23D

L/B8 <3 .2/A6 0A8 56 B82A:813:/28 / 0A8 2356 B82A:813:/28^

"38 </03H 30B;0A/</ 8<756 56 7/ ;E:/<8 A8 3 2/;43A6\ 7/ = /18 ;756A6 ; +KQJQ +#"Q 3 7/ .2/A6
L-" >#K-'( 30B843A3 </2D Q $-*"QM)*(> 73561; </069 C34/ E80A853 5672/ 2680A6462/ 56.9:/ N
A; =8.6A6 8AB:3A3 32A69:3A6A 0 B853= = 8.6A6 E846A3 :/73A3D

'8 56 567/2 32A69:3A6A B853 E80A;56 G&+#' 3 E80A;56 L-# ?K+# 82/5 .3<8A ./ B853 0A6 <3
8798<8:23@ / A8 56 +-% G&+#'D

+3 0A6 8798<8:23 ./ </0 3 <3 0A6 8C7/:623 0/ 0E808C280A3 7/ E80A;56A6 </06 %+*(')#@ +-%(
'&*()# 3 </06 &%LQ%'+#@ B813B8 987 <3 A8 =8.6A6D

L/7 06 E8426A6 C:32;A3 3 B;1A3<3:/A3 </0 &2A69:3A6A@ 8AB:3A 46A6 4;78 3 =89;4280A3@ <3 46A6 8AB:3A3
7/ 56 </06 A35618 N B856 56 78 0/7/ C318 260A8 B/8 A6:6A@ .C315/ 87 26E:8456253<6 <:3567280A3D
#28 </= 782803 26E:8456253<8 C89/A0A<8D %- F3.34B8= A35618= 0A6 <3 =313826:3D +3 =8:/A6 ;43A3
B8:30A3A3 </0 80564/523 462A/: 3 /BA3<3:/A3 32F8:= /435; ; </=/ 3 2/ 8028<; A89/ 75618</A3@ <3
=8:/A6 2/;43A3 N B/B8 7/ <56:;56A6 </06= #%*(J -*QD

98 3-( 25-$ F 0#*&57# ?67&*5-< 6# #G -*& $-G 7&"= >- '*(H#*& >#G &$I#7&E

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E:6:/73A6 0<6 A6 =816B;1/:26 F1;BA;/4356 3 7/ C;76A6 ; 0A/25; 7/ 3H 78<676A6 ; :67D +3 ;E:/<8
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>#G('(D
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&%?K-+$#@ 3=/A3 46A6 80564/5 7/ 56 260A8 O0;=253<8P 3 O4;728P ; <6.3 0 253=/D L/7
H81DE:856B4356 C;7; ;C/4626 ; </0; 0A</:280A@ 260A8 567280A/<28 2646 C3A3 ; :67;D

+&@ B/8 41/2 #C3A6153 %<56A1/@ </0/ B873:/25/ 3 </0/ <1/B2/ 06 567280A/<28 2646 80564/A3 O78C:8 P
/B8 0A6 3.18.623 H81D E:856B435/= /@ 56: 826 4315/5; 2/ B82A:81;@ ;=560A8 2/ 8018C/75/256 3
;0H346256D #26 06 B8:30A6 7/ 78<67; </06 6= 84356 78 87:6756289 32A62.3<289 0A/25/ N 7/ C3 06
7:;93 =8913 87 A89/ H:/23A3D

#<6 A6H28189356 46 06 B8:30A3A3 32A62.3<2356 ; 01567646= 7606A1564;D GC89 A89/ = 3 B/.6= 8 7/ 56

E:67 15;73= / 56728 7:/0A3428 C;756256@ B/7 06 :/73 8 A8= 6 0A/ 56 ./E:/<8 0A</:28@ / 0A/ 26D
,:/2346 :6/1280A3 0; E:313428 7;C8B6 3 0<60A:/26D

>3 0= 8 </= <64 E:34/13 8 E8:A/1; ; %:67256= 30A8B;@ 8 56728= 73=62.382/128= 8A<8:; ./ ;1/.
2/ E1/26A;@ E:6B8 B8569 3.<56026 626:9356 2/75; ;1/. ; 43<313./435;D %56A3A6 06\ L/7 3.1/.3A6 3.
E1/26A26 0F6:6 3 871/.3A6 ; 0<6= 3:@ =8:/A6@ 2/B82 0A8 0A6 E:8013 B:8. 3.<56026 E85/06 %<560280A3
E:82/43 E:/<3 E8:A/1@ 7/ C3 06 <:/A3A13 ; ;E:/<8 82; <:6=620B; B88:732/A; 3 <:6=620B3 B8:378:
B8569 A:/.3A6D

#<8 56 2/432 2/ B853 06 030A6= 3 7:.6 ./A<8:623=/ 3 32A/BA23= 3 A/B8 06 C:/26 87 A89/ 7/ C;7;
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B/8 3 2/ 2/ 4356185 G6=153D
-13 567/2 #, K#>-$ E8:A/1 8 B856= =3 E:34/= 8 56 82/5 2/ M130B8= &0A8B;D #2 56 939/2A34/2D
>2896 H81DE:856B4356 313 7:/=6 0; C316 ;C/4626 B:8. 8</5 E8:A/1@ 7/ C3 E:8= 562313 0<560A 3
;<56:625/ 48<564/20A</D

M;7;43 7/ 06 8</5 E8:A/1 2/1/.3 ; 0:67 B:3.6@ 82 56 E:<8B1/023 B/2737/A ./ ;C/43</256 H81D
E:856B435/ 3 82 56 E:<8B1/023 B/2737/A 7/ B:8. 567/2 %30A6= <56:8</25/ E:8= 5623 8</5 B/8A3423
0<356A 3 7/ 06 8</B8 78<676 78 A89/ 7/ 06 %+&*(%' B:646 ; :/.1343A8= E:/<4;D
M;73A6 0<56023 </069 80564/5289 462A:/@ B/7 06 8</B<6 0A</:3 C;7; 789/75/16 2/ E1/26A3D

%:67253 &0A8B 56 E8:A/1 9756 06 E:6B1/E/5; = 2896 73= 62.356 3 9756 C34/ 0/ 7:;93H 73=62.35/
=89; 7843 2/ 8</5 E1/26AD '8 56 56728 <:18 /BA3<28 = 560A8D Q 267/<2= <:6= 623= /@ ; ./7253H
g[ N _[ [[[ 98732/ 0; 06 2/ E87:;45; %:672569 &0A8B/ E85/<316 =2896 43<313./4356 3 = 2896
:613938.26 7:/= 6 0; A/= 8 E84616D Q 8<85 :69353 0; H81D E:85B64356 E;28 1/B06 ./ E:85343:/A3@ 30A8
B/8 0A8 06 F31=8<3 E;28 1/B06 E:87;43:/5; ; L/13F8:2353D

*672/ 87 = 89;43H H81D E:856B435/ ; 8<8= E8:A/1; 56 781/./B </2.6= /15/4/D

&13 E8<:/A/B L:30A/D
&13 E8<:/A/B C318 B8569 7:;989 M89/ 313 %E/03A615/ 313 C318 B8569 ?#+K-'L- .C89 B8569 46 0<3
E846A = 3013A ; 56728= E:/<4;D
&G 2/069 ;91/ 916730A/@ 8</B8 260A8 26 781/.3 87 %+*(')-D

*67/2 E:3= 56: ./ H81D E:856B435;@ B85/ 56 ;C/462/ 2/ E1/26A;@ 7/ E:8= 5623 A8B E8<3560A3 56
:/0E646 L:30A/D
'/ 7:/=/ 06 B85/ 06 8739:/1/ 3 B:8. E8<3560A E:628031/ 7/156 2356 K(-)$#%' B85; 56 L:30A 8<756
HA38 8739:/A3D

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;C/462/ 3 8739:/2/@ B/8 7/ 06 A8 0A</:28 3 760318D

L:30A56 780/8 B/8 567/2 B8= 3A6A C34/ E:6B8 567289 7;.69 <:6=620B89 E6:387/ 2/ G6= 15;D
?:34/ B85; 06 </= / E:34/ 56 5672/ 7:/= /A3.3:/2/ 30B8=6:435/13.3:/2/ <6:.35/@ ; <613B85 =56:3
5672/ B82A:813:/2/ 3 30B:3<1562/ <6:.35/ 8 A8= 6 AB8 56 8<8 C346 .C315/ C318 3 AB8 8<8 C346 56D
"38 A6 7:/=6 B85; </0 ;46 56 C31/ H81D E:856B435/D - 567/2 738 8289/ 0A8 46A6 ; C;7;4280A3 4;A3
8 L:30A; =8.6 A/B8756: C3A3 5672/ H8189:/F0B/ E:856B435/D

B-3( >-< !D, 8BA BF J; ?9@A?K8< 0=>#*& (H"&I$#E

>2893 15;73 46 :643\ 8<8 56 56728 80B:<2;46 3 = 3 0=8 0 75/<8156 0A:/26DL/B8 =3 =8.6= 8
78<873A3 ; E3A/256 828 0A8 M3C135/ B/.6^ L/B8 =8.6= 8 78<873A3 ; E3A/256 0<6 8<6 0A</:3D
*6: 0; 0<6 8<6 0A/<:3 :64626 3 2/E:/<15626 87 E/A:35/:H/123H 8:9/23./435/ B853=/ 0; 826
E:8=8<3:/16 06C6D +306 87 A89/ A; 2356 C318D
#<6 0A</:3 0; C316 B8:30A626@ 7/ C3 06 %+&*(%' $- G(>)*& E828<8 78<61/ E87 L#$ 'K#)QD

#28 0A8 06 .C315/ 760318 56 C318 7/ 56 L:30A C38 E801/2 B/8 K/.C35/4 %30A6= /@ 41/2 #C3A6153
%<56A1/@ 7/ 782606 %<56A18 2/A:/9 2/ M130B3 &0A8B@ ;E:/<8 B:8. 8</5 E8:A/1D
#<8 56 0A<8:318 2/432 7/ =2893 =89; 7843 ;2;A:/ 3 OE8035/A3 0A</:280AP@ B85/ 46 E:3E:6= 3A3 15;76
2/ 567/2 <:6= 620B3 E6:387@ B853 46 06 ./<:03A3 ; 013567643H `[ 98732/@ 8<3028 8 A8= 6 B/B8 46 06
0A</:3 760/</A3D

L:30A 2356 780/8 B/8 56728 C346@ 2698 B/8 C:852/ C34/ B85/ 0; ;A564/1/ 2/ 15;76 ; 48<56456=
A/=28= 78C; ; B856= 0; 15;73 C313 0E:6= 23 7/ :/.= 35; 253H8<6 =30A6:356D *672/ 0A</: B85/ 2356
30E:/<28 E:626062/ 56 3 A/ 7/ 56 82 C38 5/B8 78C:8 E:3= 1562D #2/ <:0A/ 626:9356 B85; 0; C34/
L:30A/ 7823561/ 2/ E1/26A 56 C31/ E:3= 1562/ 5/B8 78C:8D

%/ 62A3A6A8= L:30A/ 06 760/</5; =2896 7:/= 6D #:3932/123 E1/2 56 C38\ L8=3A6A L:30A/ 46 7843
2/ G6=15;@ 03:3A3 46 %<56A18 313 &2F8:= /435; 3 E8B/./A 46 15;73= / ./ 0A8 56 0<6 15;70B8 A35618
0E808C28D
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2/0 E8:A/1@ / =3 H846=8 B82A:81; 2/7 A3= E8:A/18=D L/B8 = 3 = 8.6=8 30B8:30A3A3 8<; 626:935;^
#<8 56 %<6=3: %18C8726 +8156 3 =3 = 8.6=8 :/73A3 0A8 H846= 8DP
'/B8 0; 823 B:63:/13 3 ;C/4313 " :/= ; 8 L:30A; B853 56 C38 :/./E6A 2/ B:3.; 7/ 0A<8:6 %'K-R 3
A;756 2/= 56:6 = /23E;13:/5; ; 26B6 7:;96 6=84356 3 7/ 8B:62; 0<3560A ; 56728= 7:;98=
E:/<4;D

#<8 .2/43 7/ 56 ; %<6= 3:; %18C8726 +8156 =89;46@ 75618=3428 ; E87:;453=/ E8:A/1/@ ./ 5672;
9:;E; M898</ 7/ 7:;985 9:;E3 M898</ 567280A/<28 ;.=6 253H8<; E:34; 3 ;C/46 0<85; <1/0A3A;
<6:.35; A6 E:346D
Q A8 <:356= 6 B/7/ 06 A8 760/</@ = 8.7/ 3 2356 87 26B89 ./24/5/@ /13 0 <:6= 628= E80A/26
"*()#+-$*( 8</B<6 H81D E:856B4356 5/028D

>3 .2/= 8 7/ 8<8 F:;0A:3:/ =2896 87 </0D ?/ 3E/B@ 78B 735613= 8 8<6 32F8:=/4356 0 </= /@ =3 </0
2/<873= 8 2/ A8 7/ 06 E8B:626A6@ 7/ 80564/A6@ 7/ 06 056A3A6 3 7/ 26 = 3013A6 A813B8D #<8 2356
E:8460 18934289 :/.= 3015/25/@ 8<8 56 E:8460 80564/5/D
%A8 06 760/</ 0/ </03= A35618=^
?3A/5A6 06C6\ O%A8 56 = 85 3762A3A6A^ L/B8 56 8<8 =89;46^ %A8 0/= 5/ ; 0<6=; A8= 6^
#27/ 46A6 0/= 3 06C3 E846A3 8018C/75/A3 =2896 0A</:3 8 A8=6 AB8 0A6 <3 3 = 843 46A6 0H</A3A3
=2896 0A</:3D

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>3 0= 8 :6B13 E:356 26B89 <:6=62/@ 7/ 56 %<56A18 2/ 8<85 E1/26A3 E87435625628D '8 56 .C315/ A/B8D

L/7 C3 E80A/18 E8.2/A8 B813B8 15;73 ./E:/<8 0/7/ ;E:/<8 0A346 0;<6:623A6A 2/7 253H8<3=
=3013= / 3 253H8<3= .3<8A8= 3 B813B8 15;73 8</5 0;<6:623A6A .:/43 E:6=/ </2 3 A/5 0;<6:623A6A .3<3
7/ C3 E87;4313 7:;96@ 827/ C3 +)-"-K& <:18 C:.8 260A8 ;432313D
%+*(')#%' 56 E8743562562/@ 3 A8 56 78C:8 A/B8@ 56: %<56A180A 46 </0 0<6 8018C873A3D

+& 3=/A6 567/2 ;.C;7153< ./7/A/B N 567/2 ./<37/2 ./7/A/B 3 <3 3=/A6 0<; E8=84 2/
:/0E81/9/25; B853 46 </= A:6C/A3 7/ 3.<:03A6 A/5 ./7/A/BD

%/7/ 781/.3 78 567289 <613B89 E:313</ C34/ 3 =/A3423H C:878</ 2/ 8</5 E1/26A@ B853 0/7/ 01;.6
B/8 E80:672343 313 78018<46 B/8 E:62803843 626:9356D G:/B6 %<56A1/ B856 0/7/ 781/.6 2/ </0;
E1/26A;@ 781/.6 87 E:/0A/:3H G<56.7/23H 030A6= /@ B853 <64 6823=/ :/76 ./56728 0/ G6= 158=D
>2893 87 A3H 0; 87 </03H /0A:828=/ 0/= 8 2;=6:3:/23@ / = 2893 3= /5; 3 </=/ <64 E8.2/A/
3=62/\ %3:3;0@ -:BA;:;0@ #:382@ ?165/76 3A7D

G:/B6 0<56A1/ C3</5; 87 A3H = /A3423H C:878</ ; 8:C3A3 G6= 156 ;H</4626@ B:8. 567/2 0E6435/1/2
030A6= F31A:3:/26 3 827/ ;0= 56:626 73:6BA28 2/ G6= 15;D

>2893 87 </0 3=/5; 3= E1/2A/A6 ; 06C3 7/ 8798<8:6 2/ 8<; B8=;23B/435; 3 7/ 3.C5692; E03H34B8
<8756256 :/A/ 3 0= 6A256 3. 8B81326 B856 C3 = 8916 </0; F:6B<62435; 7:./A3 C18B3:/2; N B856 C3
=8916 7/ </0 0E:35646 7/ E:3= 3A6 8<6 32F8:=/4356D

#<3 3= E1/2A/A3 230; 269/A3<23D

+3 230A6 C313 8A6A3 3 E:30315623 7/ 3H 2803A6 E:8A3< 0<856 <8156D '8 0; 6A6:3423 3= E1/2A/A3 B856 0A6 <3
E8.</13 B 06C3@ B/8 0:670A<8 ! 7/ C3 E:3= 313 3.</2E1/26A/:2; 626:935;D #<3 3= E1/2A/A3 06
/BA3<3:/5; 0/7/D
>2893 87 </0 06 80564/5; B/8 7/ 0; OE:8=5625623PD Q :/.1343A8 78C/ 7/2/@ E806C28 E:356
0E/</25/@ <3 4;56A6 A828<6@ 313 80564/5A6 5672; <:0A; 616BA:3423H <3C:/435/ ; </06= A3561;D

L/7/ 06 A6 32F8:=/4356 </=/ 0/15;@ </06 A35618 = 8:/ C3A3 ; 0A/25; 7/ 3H E:3H</A3D "/ C3 3H </06
A35618 E:3= 318@ 828 = 8:/ C3A3 ; 87:675628= 0A/25;D &2F8:=/435/ 56 B/8 0A:;5/ 3 /B8 </06 A35618 26
=8.6 3./43 2/ B:/5 0/ 0A:;58=@ <3 06 2646A6 80564/A3 78C:8D

)5;73 2/ G6=153 0; E:89:/=3:/23 ./ 8<8 <:356=6 3 26 E80A853 $&'L# AB8 56 8<576 &$ L-K$&K-$
AB8 =8.6 :643 7/ 06 ./C;238@ 7/ 06 E:6</:38 3 7/ 2356 3= /8 E85= / 8 46= ; 06 8<756 :/73D
$&'L# 2/ E1/26A3 2356 :87562 C6. 567289 87:6756289 = 6H/23.=/ ; 06C3 B853 06 = 8.6 /BA3<3:/A3@
7/ C3 06 ;0B1/738 0/ 8<8= F:6B<624358= D

>& 0=8 </= 0/<56A8</13 7/ 0<85 18934B3 ;= 80A/<3A6 E8 0A:/23@ 56: 18934B3 ;= 46 0/ 8<3=
616BA:3423= 626:935/= / 7843 ; B82F13BAD Q 013567643= 98732/= / 46 </06 :/.;=356</256 3 </0
0B1/7 0/ F:6B<62435/=/ B856 </= / 781/.6@ C3A3 B/8 7/ 0A6 ;B15;4313 </0 <1/0A3A3 :/738D +& 46A6
80A</:3A3 73:6BA2; A616E/A0B; <6.; 0/ = /A3423= C:878<3=/ B853 </=/ 87/0315;D
"843 46 <:356= 6@ B/7 <306 23B/7/ 2646A6 =3013A3 2/ E8056A 567285 J/261329!%6/203@ 56: <3 46A6
3=/A3 </0; <1/0A3A; <6.; B 32F8:=/435/= /D L813432/ 32F8:= /435/ B85/ 46 7843 B </= / 46 E80A343
7/ 06 <3 80564/A6 5/B8 039;:28@ 56: <3 46A6 2/ A/5 2/432 C3A3 A8A/128 ; A8B; 0/ A3= 0A/ 06 760/</D

L/7/ :/.<356A6 <646 E8<56:6256@ <3 46A6 C3A3 ; =89;4280A3 7/ = /23F60A3:/A6 30E:67 </0 56728
C346 0<56A1/@ B856 06 7843 ; F3.34B85 F8:= 3 7/ </0 ;43D J/261329 313 78C3</256 32F8:= /435/ B:8.
26B8 7:;98 C346 46 C3A3 E8A;28 ./0A/:5618@ B/7 46 E:/BA34B3 C3A =89;46 7/ 0</B8 87 </0
=/23F60A3:/ 0<856 C346 7/ 9/ ;43D

Q =675;<:6= 62;@ =3 0= 8 8<756 7/ </0 E87;4/</= 8@ 7/ </0 056A3= 8 2/ A8 AB8 0A6 <3@ 7/ </=
7/= 8 3765; 8 A8= 6 B/=8 <3 06C6 = 8.6A6 87<60A3D

#28 0A8 =3 .613=8 <306 87 0<69/ 56 7/ </= /030A3:/= 8@ B/8 41/28<3 #C3A6153 %<56A1/@ 7/
8018C873A6 15;76D

]8B;03:/5A6 06 2/ 0<85 <1/0A3A3 E160D

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'B8 0; "82803843 %<3A/25/ 3 B85/ 56 253H8</ ;189/^

"82803843 %<3A/25/ 0; 823 B853 2806 .:/B6 %;24/ 3 782806 %<56A18 3 G2/256D #23 3=/5; 5672;
E:/0A/:; 8:9/23./435;@ 56728 E:/0A/:8 7:;0A<8@ 5672; E:/0A/:; 0E3:3A;/12; E8<6./280A 2/
8028<; B856 823 3.<:0/</5; 87:675623 E80/8 ; 3.<56028= .<56.7/28= 030A6=;D

+& %'( J)-$#+& #M&'()*& %+*(')-@ 56: 32/46 26 C3 23B/7 C313 E:3<;4623 B 8<85 B253.3D

J1/28<3 8<6 613A26 8:9/23./4356 781/.6 2/ G6= 15; ; :/.1343A3= <:6=623=/ 7/ C3 8C/<313 0<85
E80/8D #<8 06 760/</ B/7/ 56 E80A/<1562 567/2 B:;9 3 B/7 0; 789/75/53 E6:F6BA23 ./ 253H 7/
78.<816 7/ 06 626:935/ 3. <3069 0<6= 3:/ 3 626:935/ G6= 156 0A8E6 ;2;A/: 253H8<89 <1/0A3A89 C34/D

(26:9356 3. 0<6= 3:/ ;<356B 781/.6 2/ G6= 15; 3 626:9356 0/ G6= 156 06 ;<356B E873.; E:6= /
0<6=3:;D J8<564/20A<8 0A</:/ 0<6A3 =80A 3.=675; 26C/ 3 G6=156 B853 26B3 .8<; O7;932 = 80APD
"82803843 %<3A/25/ 78.<815/</5; A3= 626:935/=/ 7/ 06 0A8E6@ A/B8 7/ 06 %<3A/256@ 8728028
%+*(')# E:8C;73 ; 253=/D '/B8 823 827/ 78260; A8 %<3A/256 43<313./435/=/D
'8 56 AB8 0A6 <3D
'8 56 828 0A8 <3 :/73A6D
+3 0A6 "82803843 %<3A/25/D

L/8 "82803A615 %<3A/25/@ <3 3= /A6 567/2 87:675623 0A/<@ B853 81/B0/</ 828 2/ 0A8 0A6 06
8C/<6./13D '8 56 0A/< O78.<815/</25/P@ 8018C/75/25/ 87 1356280A3 3 26= /:280A3 3 8018C/75/25/ 87
8C6.<:356753</25/ </03H 30B;0A/</D

G/ "82803A6156 %<3A/25/ 0</B3 738 E:670A/<15/ J56132;@ C6. 8C.3:/ B/B8 56 B820A:;3:/2@ C6.
8C.3:/ B/B<; 01/C80A 313 5/B80A 828 3=/ 313 B813B8 <613B/ 313 = /1/ 56 25698</ ;189/D */B80A@ 01/C80A
313 ;A564/5 06 26 = 8:/5; E8 0</B; 43562; ;0E8:6753</A3@ 823 0; 56720A/<28 0A/256d0A/< 0<3560A3 2/
B856 06 %<3560A ; 25628= <1/0A3A8= E160; 0A</:280A3 B82462A:3:/D

>3 </0 ;43= 8 8 </= / 0/= 3= / 3 E8=/.6= 8 </= 7/ 8AB15;4/A6 828 0A8 56 ; </=/@ 26 828 0A8
16.3 .</2 </0D

L/8 "82803A615 %<56A1/@ <3 0A6 0/7/ ; </06= 2/5A/=2356= = 8= 62A; E:356 %<3A/25/ 3 E3A/A6 06
H846 13 3B/7/ ./05/A3 .:/B/ %<56A1/D #27/ 46 %<56A18 7843 3 ./05/A3 B/8 3. 23469/D #7 B;7/ 46 7843
A8 0<56A18^ L/B8 46 E:8=5623A3 </06 :/.= 3015/256^
L/B8 56 =89;46 7/ 56 ?80A85/256 ; 56728= A:62; = :/428 B813B8 A8 =:/428 =8.6 C3A3@ / 827/ ;
01356764= A:62;AB; 78756 0<56A18^ L/8 "82803A615 %<56A1/ <3 782803A6 %<56A180A 02/98= </06
<8156D
+3 0A6 ./ 8<8 C313 A:623:/23@ 8<8 56 </0/ 5/B80A 3 0E808C280AD

+3@ "82803A6153 %<3A/25/@ A/B8756: .2/23 B/8 3 #C3A615 %<56A1/ 0A6 06 018.313 7/ B:8. = ;A/4350B3
E:8460 6<81;3:/A6 06C6 ; <30/ C34/ 0 2/= 56:8= 3 0<56028= 0;91/0280A3 0 A3=D +3 782803A6
%<56A180A 2/A:/9 2/ E1/26A;@ 782803A6 28<; 6<81;435; 48<564/20A</ 3 0A</:/A6 28<3 B8.= 34B3
B</2A23 0B8B ; 0<560280A3 3 32A6139624353@ B85; 8=89;4/</A6 A3= 6 0A8 E:<8 ;037:3A6 F:6B<62435;
;2;A/: </03H A3561/ 3 .3<3A6 56D

#C3A615 %<56A1/ 781/.3 3. 567289 #E6:/438289 J 62A:/ N 567289 3.<8:/ ;2;A/: </069 0<6=3:/ B856
01;.3 B/8 87/0315/4D ?80A856 J62A:/12/ %;24/ ; </06= 9/1/BA34B8= 030A6= ; 3 56728 462A:/128
0;246 ; 8<8= 0<6=3:;D >/56 0; .</13 8<8 462A:/128 %;246\ -14h826 U -1B3826@ -143826ZD

":;93 3= /5; 7:;9/ 3= 62/ ./ A8 0;246D %;246 .:/43 %<56A18= 3 %<56A18 0/7:.3 32F8:= /4356D
"/ 3.:/.3=8 A8 0B:8. 5/028\ #C3A615 %<56A1/ 781/.3 3. 462A:/1289 0B1/730A/ ./ 32F8:= /4356 ; 8<8=
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0<6=3:/@ <3 E:856BA3:/A6@ E1/23:/A6 3 E;A;56A6D

+3 0A6 ; 8<8= E89167; 562780A/<28 ;23B/A23 3 <3 A8 .2/A6D +& .2/A6 B/7 E89167/A6 2/ 80A/A/B
E8E;1/4356 7/ 0A6 <3 7:;94353D

+3 0A6 :/78 OC;2A8<2343P 3 <3 <813A6 7/ E:873:6A6 ; 030A6=6 3 7/ 3H :/.C35/A6D

L/7 269756 E306 O./C:/2562 E:81/.P@ A8 827/ <:35673 ./ 0<6 7:;96@ /13 26 3 ./ </0D
+3 376A6 0<;9756 9576 0; 030A6= 3 ./A<8:623@ 7/ C3 3H <3 8A<8:313D
+3 A8 :/73A6 A/B8 7/ 06E/:3:/A6 06C6 ; =2896 = ;1A373= 62.382/126 3762A3A6A6 3 827/ 876A6 ;
030A6= 3 E:8=5623A6 9/D

+3 06 E826B/7 32B/:23:/A6 ; A6 030A6=6 0A8A32/=/ A30;4/ 98732/ 7/ C3 06 E:3E:6=313 ./ 828

<:356=6 B/7 46A6 C3A3 E8.</23 7/ O:/.C356A6P 030A6=D +3 0<3 3= /A6 567/2 C89/A :6.3= 6D $/
E:3=56:\ <3 06 32B/:23:/A6 2/ G6=153 C6.C:85 E;A/ 3 827/ B/7 ./A;A253 E8.3< 7/ 06 0A</:3 2/
G6=153 E:8= 5626 3 7/ 06 E/:/739= 6 = 8:/5; E:8= 5623A3@ <3 = 8.6A6 :643\ O*/ 0/= C38 `gY E;A/
C38 ; A813B8 E;28 </:35/435/ 8<756 3 56728= 0/= 4/B C38 ; 0A/25; 7/ 0/ 08C8= ;.=6= 3 0<856
A35618D #27/ 0/= 2/E:/<38 580 3 A8 3 8<8 3 828D L/7 06 0/7/ ./9:35/</= ./ E1/2@ 7/ :/.C356=
030A6=@ 827/ 0/= 3 039;:/2 7/ 4; 80<56.3A3 0<85/ 0564/25/@ E:3056A3A3 06 0<69/@ E:B80A3 ./B823=/
3 E80A/<3A3 06 3.2/7 253H@ A6 30E;23A3 = 85 ./7/A/BDP

$6B/7 06 7603 7/ B8= E16A/2 E1/2 =8:/ 3. 567289 87:6756289 :/.189/ C3A3 C/462 ; <87;D #27/
56 A8 5/B8 F:;0A:3:/5;46 30B;0A<8 ./ </0D -13 /B8 06 0<6 0A</:3 C;7; :/.<35/16 E:6=/ E1/2; 3 /B8
<3 ;0E56028 :/.C356A6 030A6= 3 0A<8:3A6 5672; 28<; E/:/739= ; 0<56A180A3@ A8 56 ./ </0 B/8 567/2
B8.= 34B3 8:9/./=D

J1/28<3 #C3A6153 %<56A1/ :/76 ; A3=8<3=/D +3 26 376A6 ; 567/2 030A6= 0/=3D +& 'K(M-'( 56723
7:;96 7/ C3 8C/<313 8</5 ./7/A/B@ 56: <3 26= 8.6A6 7:./A3 F:6B<62435; 0/=3D L/7 781/.3A6 ; A3=;@
<3 567280A/<28 E8<64/</A6 0/206 7/ A/5 E1/2 3 C;76 ;0E56028 3.<6762D
+& 0A6 B/8 32A613962A26 .:/B6 3 0E3:/16 0<56A180A3 462A:/1289 0;24/ 3 <3 0<3 0A6 <875623 87 56726
<613B6 32A6139624356 ;2;A/: 462A:/1289 0;24/D

%<56A180A 56 56728 B:/156<0A<8 0<560280A3 3 828 3=/ 0<85; 0<:H; ; E80A85/25;D ?:34/@ B85; </=
=3 E:34/= 8 7/2/0@ 56 E:34/ B85; <3 =8.6A6 :/.;= 356A3D %</B3 E;A B/7 =3 E:34/=8 0/ 15;73=/ 3
0</B3 E;A B/7 <3 = 8.6A6 :/.;=56A3 <306@ = 3 </= 3 7/56= 8 <306D >3 26 .613=8 7/ <3 <56:;56A6\
%<56A18 56 E16=62A356 2698 C318 0A/ 7:;98D $60A8 ; 0:.3 </06 7;06 </0 E8<6.;56 0/ 8<3=
3.<8:8= 0<56A180A3 3 2/9823 </0 2/ 8</5 E80/8@ /13 8</5 E80/8 2356 230A/ C8153 87 C318 B8569
7:;989D ?80A856 3 7:;93 B853 B853 3=/5; 7:;9/4356 3.<8:6 3 B853 06 2/ 0E3:/128= B;:0; B:64; 0/
7:;93= 2/=56:/= / 3 A3 8= 89;4/</5; 8<; 39:;D +3 ;43A6 8 8<8=6D

>3 </0 E870564/=8 7/ ?:/%A</:/A615 B:63:/ 0<6 3 0<6 30E;25/</ 0/ 0/= 3= 08C8=D L/8 0A8 <3
A:/.3A6 0/=80E8.2/5;@ A/B8 3 ?:/0A</:/A615D #2 .613 7/ E80A/26 0<560A/2 06C6 ; 0<3= 0A</:3=/ 3
7/ 826 0A</:3 B856 82 8C7/:;56 0/ 0<560280A3 E80A/2; 0<56023 A89/ 7/ 56 ?:/0A</:/A615 ; 253=/ 3
; 0<3= 0A</:3=/D
%<560280A 56 B/8 56728 89167/18@ B856 :6F16BA3:/ 3.=675; ?:/0A</:/A615/ 3 0<69/ 0A8 56 0A<8:38
2/E:67 3 2/A:/9@ 0<6 78 3 2/5= /2569 B;B4/ 313 =:/</ B853 E;.3 E8 .6= 153D L/8 0A8 56
?:/0A</:/A615 ; 0<6= ; 0A8 56 0<56A18@ A/B8 56 3 82 ; 0<6= ; 0A8 56 A/B8.</28 .18@ .2/5;43 7/ .18
A/B8756: 3=/ C8./20B; ;189;D

?80A856 = 289/ B:/156<0A</ 0<560280A3D OL:/156<0A<8 0<560280A3P 56 5672/ <613B/ :3564 ./ B8246EA
B853 </= =3 H846=8 E:3C13.3A3D
Q 56728= B:/156<0A<; 0<560280A3 E80A853 0134280A 626:935/ 3 E80A856 = 2896 <:0A6 8</B<3H
B:/156<0A/</D #C3A615 %<56A1/ 781/.3 3. 567289 0E643F34289 B:/156<0A</ 0<560280A3D

L/7 <3 2/;43A6 ./B826 0A</:/25/@ 87:./</25/ 3 =/23E;1/4356 0A</:280A3@ ./ </0 56 <:18
567280A/<28 7/ 06 = /23F60A3:/A6 ; C318 B8585 F8:= 3 <3 A8 E8.613A6D G/ 826 87 </0 B853 0;
/BA3<3:/13 0564/256 2/ 253H8<; 0/=/20B; E:80180A@ .2/5; 5/B8 78C:8@ 7/ 06 B87 ;:875623B/ = 8.6
2/;43A3 B/B8 7/ 06 376 ; :/.1343A6 0A</:280A3 3 B/B8 7/ 06 E:8= 5623 F8:= /D Q 26B3= B;1A;:/= / 0;
%/= /23 .C89 A89/ 435625623 3 8C8./</23D #23 0; 280313 9626A34B8 B873:/256 3 823 0; C313 =/2532/
; E8:675625; 0/ 7:;93= /D #23 0; 7:./13 =/935; 3 = 30A6:356 3 7:./13 0; E:8460 .3<;43=D
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=/0B6D '8 56 C31/ 5672/ 5/B8 7;C8B;=2/ .2/280A@ ; 0</B8= 01;4/5;D

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;E:/<8 0/7/ O>560A8 789/75/25/P@ 56728 5/B8 O<:;46 3 E8.61528P =560A8D G6=15/ 56 A/B8756:
B873:/2/ 7/ E:8756 B:8. 2562; <1/03A; :6<81;435; 3 A8 26 0/= 8 268EH872; :6<81;435; .3<8A289
0A31/ ; %5D -= 6:34B3= ":./</= / @ 2698 567/2 73= 62.382/123 E8= /B@ B85/ 46 E:8= 5623A3
B8= E16A/2 0<6=3: 8B8 G6=156D

>2893 </2.6= /1543 B853 06 32A6:603:/5; ./ .3<8A26 F8:=6@ :/.;= 35; B/B8 7/ 253H8<; =816B;1/:2;
0A:;BA;:; 2/28<8 8:9/23.3:/5; 3 823 781/.6 2/ E1/26A; O=/0B3:/23P B/8 48<56BD Q <:6=623= /
8</B8 <613B3H E:8=562/@ B/7/ 73= 62.356 3=/5; E8A62435/1 7/ 06 0A8E6 3 B81373:/5; N B/8 0A8 <3
;E:/<8 A; 2/ G6= 153 0/7/ 3= /A6 ; E1/2; N A; 06 0B;E15/ <613B C:85 626:953/ B856 .616
;460A<8</A3 ; 8<8= <613B8= 0H8e!;D

#</5 <613B3 0H8e 06 760/</ 2/ = 2893= 23<83= /@ 26 0/= 8 ; c"D )/24/2/ :6/B435/ 06 B:646 B:8.
0<6 73=62.356 E80A85/25/ 3 0<560280A3D $ 6B/ C34/ 06 A616E8:A3:/5; ; 15;70B8= 8C13B; 2/ .6= 15; 313
06 32B/:23:/5; 3 A/B8 80A</:6 0/20; ./ 8<; 0E6435/12; E:313B; ; 8<85 :6/1280A3D
L87 26B3H@ <3 46A6 3= /A3 80564/5@ 7/ A/B8756: 230; O;:875623P 8<85 E1/26A3@ /13 </= 23 26 7561;5;
B/8 :/.C35/43 030A6=/@ 823 0; 8<756 567280A/<28 0/=8 7/ C3 E80=/A:/13@ ;460A<8</13 3 :/.;=5613
3 7/ C3 A/B8 E:6235613 32F8:= /435; 2/A:/9 ; 253H8<6 030A6= 6@ B853 06 E6:=/262A28 :/.<35/5;D

?80A856 32A613962A2/ C34/ B85/ 0; ; 0A/25; 7/ 06 = /23F60A3:/5; B/8 15;73 3 39:/5; A; ;189; 78
E6:F6B4356@ E826B/7 56 253H8<8 0564/256 26A/B2;A8@ E826B/7 56 3 E:67 253=/ 567/2 ./0A8: 2/
0564/25;D GC89 B82A:816 F:6B<624356 ./ 8</ C34/ 2356 ;<356B 567280A/<28 7/ 7875; 8</=8 0/
B8= E16A23= 0564/256= 8 A8=6 AB8 0; 2/ A8= 7:;98= =560A;D

Q :/.<85; </06 0<560280A3@ <3 46A6 06 ; 013567643H E/: 98732/ 056A3A3 3 E80A/A3 0<56023 A89/ 7/ 0A6
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15;70B6 <:0A6 3 E1/23:/28 E:6!:/0E8:6753</256 15;70B6 " $- 46 B82/428 78<60A3 78 A89/ 7/ 06
0</B/ 808C/ E8426 0564/A3 A89/ B8 56 82/ ./30A/D

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./B15;4/23 B/8 15;73 <64 A/B8 7;98 <:6=62/@ A; E80A853 56728 89:/2346256 B856 <3 = 8:/A6
30B;03A3 ':64/ 73= 62.35/ 56 73./523:/2/ A/B8 7/ 06 <3 = 8.6A6 F8B;03:/A3 2/ 5672; E80A8564;
0A</:280A ; 567285 A8443 <:6=62/D #<8 06 80A</:;56 B:8. F:6B6<62435;@ A6 B/8 B:8. E;10/435;
26:<23H 3= E;10/ ; </06= A3561;@ 7/B16 B:8. = 675;08C28 75618</256 A/ 7</ 0696=62A/@
8728028@ 2/432 2/ B853 56 26:<23 030A6= ; 0A/25; 7/ 32A6:E:6A3:/ F:6B<62435;D

+3 0A6 =/926A34B3 3 C389626A34B3 OE8760623P UA;267Z 3 73./523:/23D

J1/28<3 #C3A6153 %<56A1/ 0; E;28 <306 2698 8C3423 15;73D G/ </0 56 B/:/BA6:30A3428 7/ E80A3926A6
<6134/20A<62/ 780A39;24/ ; E87:;45; = ;1A373=62.382/1280A3D L/8 41/2 #C3A6153 %<56A1/@ <3 06
E:35/<15;56A6 ./ E8.3435; ; E87:;45; = ;1A373=62.382/1280A3D

L/8 41/2 #C3A6153 %<56A1/@ <3 0A6 06 32B/:23:/13 2/ 8<85 E1/26A3@ 7/ C3 06 E:3E:6= 313 ./ 3.<8756256
</069 E801/D
%A8 56 </0 E80/8^
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F:6B<62435; 0<56A1/@ 56: 0<56A18 56 32F8:= /435/D '8 2356 H1/72/@ B8= E5;A6:0B/ 32F8:= /435/@ A3 56
32F8:= /435/ B85/ 06 E:62803 C38180B3 B:8. B:8. 616BA:8=/926A0B8 .:/46256 3 87/0315/256
0<560280A3D '8 56 828 ; 46= ; 0A6 <3 6B0E6:A3D L/7 C3 <3 3=/13 <3.3AB; 2/ B8585 C3 C313 8A302;A3 </03
E87/43@ 3 B/7 0A6 06 E8AE;28 E:3056A313 8289/ 0A8 0A6 <3 ;0A</:3@ 827/ C3 2/ <3.3AB3 0A/5/18\

OM;2A8<23Bd#7= 6A23B@ J 1/2 #C3A6153 %<56A1/D

K/.C35/4 %30A6= /D
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%E:6=/2 2/ E8.3<DP

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0A6 0/7/ =313823 </0D #<756 0A6 E:<620A<628 .C89 A89/ 7/ 06 056A3A6 AB8 0A6 <3@ 7/ 7561;56A6
=;1A373= 62.382/128 ; 8B<3:; 8<89 030A6= / 3 7/ ;43A6 15;76@ ;:875623B6 2/ E1/26A; B853 0; 7;98
<:6=62/ C313 E87 B82A:818= F:6B<624356@ 56728= 28<8= 030A6=;D

+3 0A6 =/0B3:/23 B/8 15;73D J3= E:356 A8 0H</A3A6@ A3= E:356 46A6 06 87<853A3 87 0<3H 15;7B03H
7:/= /@ 7316= / 3 B82A:816 F:6B6<624356D

?:356 2698 0A8 56 B82A:81/ F:6B<624356 0A;E31/ 2/ 02/9;@ A3=6 0A8 0; M898<3 %A</:/A6153 3.<:0313
32</.35;@ ;:87562/ :/0/ 56 C31/ E;28 E/=6A235/D #23 0; 3=/13 567/2 :/.<3562 030A6= B/B8 7/
E:3=/5; 32F8:= /4356 3 E8:;B6 3. 0<6=3:/ B856 0; 781/.316 2/ E1/26A; 3 A8 73:6BA28D

%3:6256 .2/25/ 2/ E1/26A3 %-"- 56 8= 89;4628 B:8. A6H23B; 2/ 2/432 7/ 06 A8 760/</ 3.</2
</0D '8 56 580 567/2 2/432 B/B8 7/ </0 06 = /23E;13:/@ 78B </= 56 30A8<:6=628 A8 E:87/28 B/8
nC1/98018<OD
?:356 =2898 <:6= 62/@ B8=;23B/435/ 2/ 8<85 G6=153 56 F;2B43823:/1/ 73:6BA23= B82A/BA8=@ 87
567289 B/ 7:;98= 48<56B;@ B8:30A643 ;2;A:/0256 =6H/23.= 6@ / 26 B8:30A643 A6H2818935; 3.</2
</0D

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;43A3@ 0564/A3 06@
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c[[ [[[ 98732/ 3 E:6:/73A3 5;@ 7/ C3 03 =8913 E:87;C3A3 7316= ; 48<564/20A</D %56A3A6 06@ E8<3560A
56 ; </= /@ / 26 3.</2 </0D Q </085 0/7/02585 ]3C6:8EA343@ 0<56A18028 B873:/2/ <1/B2/ 06
E:87;43:/5; 3.</2 </069 A3561/@ ; 03=C8134285 F8:= 3@ B/8 :6E:6.62A/A3<23 2/432 2/ B853 06 E:62803
32A613962435/ B:8. 0<56A1802; 8EA3B;D )5;70B/ <:0A/ 0A</:/ 3.</2 06C6 828 0A8 = 8:/ 2/;43A3
;2;A/: 06C6D '8 56 738 <560A326 3 E:6<1/0A3 0<56A1/D

L/7 56 </0/ M3C138A6B/ C31/ C/462/ ; B/80@ 80A/<1562 </= 56 567/2 =/13 738 E87/A/B/@ @ A/B8 7/
06 <:0A/ =8.6 7:./A3 B82A:813:/28=@ O; :/728= E8982;P@ /13 3E/B 0/=80A/128 F;2B43823:/5;43 3
3.<87643 ./7/AB6j <:0A/ 56 C31/ 0A3= ;13:/2/ B/8 .3<8A2/ F8:=/ 3 B/8 F8:= / 0<560280A3 7/
E:83.<873 3.<5602; F:6B<62435;\ %'K-RD
'-* %'K-R 56 C38 E:8= 8<3:/2 ; E:8013H c[[ [[[ 98732/ 2/ 8<85 E1/26A3 B/8 E:8=8<3:/2/ 3
B82A:813:/2/ 0;C0A/24/ ; C318 B856= E89167; ; B856= 03 <3 A8 =8.6A6 ./= 3013A3D

L/7 15;70B/ C34/ <3C:3:/5; 616BA:8=/926A0B3 3 87/0315; F:6B<62435; 0A:/H/@ A/7/ 06 87/0315/ 5672/
A:/20=3035/ 0<560280A3D

L;7/ 376 A/5 0A:/H^

L;7/ 37; </06 =3013^
L;7/ 37; </03 80564/53^

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%3A6=/ 0A6 78013 8</= 8 7/ C3 ./E64/A313 8</5 3.<8: H:/26 3 7/ C3 A; H:/2; E8760313 2/ 260A8
7:;98@ / 26 2/ 0A:/H 3 B/80D

#23 B853 06 H:/26 8<3= 3.<8:8= @ =8:/A3 46 313 7/ E:8=5626 253H8< 5618<23B 331 7/ 80A/<6 8</5
E1/26A 3 87;D +& 0A6 A; 7/ 782606A6 32F8:=/435;@ %<56A180A 3 :/.;= 356</256 7/ E80A853 E8A62435/1
./ E:8= 5626 3 7/ E80A853 E8A62435/1 ./ 3.<8: H:/26 B853 :/73 ; B88E6:/4353 0/ 0<560280A3 3
;:6.82/24353 56 0/ %<56A18=D

'8 16.3 ; </085 8798<8:280A3 3 </0 56 ./7/A/B 7/ A8 E80A3926A6 3 7/ ; A8= 6 ;0E356A6D

>& :/.;=356= 8 7/ 0; 26B3 87 </0 5/B8 .C;25623 ; <6.3 0/ 0<3=6 8<3= 6@ E898A8<8 0/ A3= 6\
B/B8 46A6 <3 0<6 8<8 ;:/73A3@ E898A8<8 B/B8 46A6 ; 0<8= .3<8A; E80A343 8<8 0A/256
26E89:603<80A3 3 C60E:356B8:280A3D
*672/ 87 2/5</.2353H 0A</:3@ B856 </0 =3 = 813= 8@ 7/ 3H 87 0/7/ E/ 2/7/156 80A</:;56A6 56 7/ 26
C/.3:/A6 </0; C;7;4280A 2/ 30B;0A<3= / 3. </06 E:80180A3D %</AB8 87 </0 <813 7/ ;2803 E:80180A ;
39:;@ B/8 3.<3256256@ ./ A8 0A8 C3 06 = 8918 7603A3 ; C;7;4280A3D +3 0A6 E8.2/A3 E8 A8= 6D -13 <3
=8:/A6 75618</A3 A/B8 B/8 7/ 0A6 ;E:/<8 8<89 A:62/ 78013 2/ G6=15;@ 26<323 3 430A3 B/8
28<8:8756246 3 0E:6= 23 7/ 06 C/43A6 ; 0</B8726<2/ 789/75/25/D

L/7 06 E:8C;73A6 0</B89 5;A:/ 3 B/7 06 B:646A6 2/E:67@ 0</B89 7/2/@ 871;43A6 5/028 0A8 H846A6
78.3<56A3 ;E:/<8 A89/ 7/2/D -B8 8<8 <64 26 :/73A6 3 /B8 </= 8<8 <64 2356 E:6018 ; 2/<3B;@
827/ E8423A6 0/ A3= 0/7/D
$/ 8</5 2/432 06 0</:/ 0A</:280AD

L/8 0A8 0= 8 :6B13 3 E:356@ $-*+(J- '-*$ - L#*- *( M&)- "KG$- J&> "-)*( #" )*Q"%L&R M&J -
*( " -\ >&%-# %'+-K- &%LQ%'+# & >&%-# %'+-K- %'+-K$#%'D

L8=E16A2/ 0A</:280A 56 0A<8:62/ 87 = 3013D %<6 56 56728 0;C56BA3<28 30B;0A<8D

-13@ 616BA:8=/926A0B3@ <3 0A6 B82A:813:/23 2/ A/B/< 2/432@ 7/ B:63:/A6 30B;0A<8 0/= 8 ; 56728=
87:675628= 0E6BA:; 0A</:280A3D

+3@ B853 0A6 41/28<3 #C3A6153 %<56A1/ 0A6 E80<;7/ E;A8</13 3 5/B8 78C:8 0A6 ;E;4623 0/
=89;4280A3=/ =5625/25/ 3 78280625/ 28<6 F:6B<624356 3 567/2 030A6=D +3 0A6 78013 8<576@ 7/ C3
7:./13 28<6 F:6B<624356@ B856 06 </= / 3. 0<6= 3:/ 0/15; 3 B856 ; </06= A3561; E8B:64; 567/2 28<3
8C:/./4D Q 8285 = 56:3 ; B8585 <3 E843256A6 0H</4/A3 B85/ 56 </0/ 0<:H/@ <3 46A6 E846A3 0A</:/A3
</0; 0<:H; 0<56028@ </=/ 46 E80A/A3 5/028 0A8 .613A6 3 7/ A8 30B;03A6@ C6. 8C.3:/ 2/ B856=
E87:;45;D '8 56 567280A/<28 263.C56.28D

%</AB8 87 </0 <813 7:/=6 2/ 0<85 2/432D +/=/ 56 780/728@ /B8 06 230A/ 26 760/</D GC89 A89/
0A6 <3 0B:85313 8</5 E1/2@ 8<; 32</.35;D G/E:/<8@ 8</5 0<356A 56 C38 E;28 E:356 2698 0A8 56 C38
E:6;.6A@ C38 E1/23:/2 3 O0B:8562P 87 41/28</ #C3A6153 %<56A1/D L/8 41/2 #C3A153 %<56A1/@ <3 0A6 C313
#:3932/123 ?1/26:3D

'; 56 C318 ; 0</B8 78C/ =2898 C89/A3H :6.6:<3 %<560280A3 B856 0A6 = 8913 B82A/BA3:/A3 3 B8:30A3A3D

L/7 0; C34/ 7:;93H #C3A6153@ B856 C3 <3 8E30/13 B/8 O>:/426P E:6;.6138 </5 E1/26A@ 7:./13 0;
%<56A18 E87/156 3 A8 5/B8 78C:8D %<56A18 =8.6 E80A/A3 A813B8 <613B8 B813B8 56 <613B </0 8C:/./4@
/13 A/=8 </23 E80A856 A/B8756: 3 7:;96 , :;E6 3 L:/156<0A</D G/ 0/7/@ 376=8 0/= 8 :/73A3 0/
E85= 8<3= / %<56A18 3 '/= /D
"/B16@ '/= 23 '3= 56 ;:/738 5/B8 78C/: E80/8 7:.643 %<56A180A E87/156D

-13 A8= 6 56 780/8 LK-*a

+& 0A6 87= 6A2343 %<56A1/ 3 <3 0A6 871;4313 7843 2/A:/9 3 8</5 E;A 580 3.<:03A3 580 5672; 32</.35; 2/
%<560280A@ 8<89/ E;A/ > &)&#$& </0@ 3 .2/13 0A6j C;7;43 7/ :/73A6 0/ 626:9358= ?:/%A</:/A615/@
7/ 46 567280A/<28 ./ 0<6 E80A85/A3 5672/ <613B/ = 89;4280A 7/ %+-'L# E80A3926 56728 <613B8
C89/A0A<8 0<560280A3D

L/7 <3 E8426A6 8<8 %<56A18 <;43 ; </0/ A3561/ 3 2/ E1/26A;@ A8 46 ;A564/A3 2/ = 2896 15;76 B853
<816 7:/= 6D

#23 46 =8.7/ C3A3 3.C87623 %<56A18= 3 :6/93:/A 46 2/ A8@ 56: 43= <306 %<56A1/ <3 782803A6@ A3=
MKG( 46 06 828 03:3A3D

%<56A18 76F323A3<28 :/0A6 2/ 8<8= E1/26A; B/7 06 +& A89/ 056A3A6@ 7/ 0A6 <3 ;:87562343 B853 :/76
./56728 0/ #:3932/123= ?1/26:3=/ 3 7/ 0A6 <3 8<756 7/ </0 0<356A E:6;.= 6A6 2/A:/9 87
E15/4B/0/D

4(%5-657& :8 ! # 46= ; 06 8<756 ./E:/<8 :/73^ UL85/ 0; E:/<31/ 8<6 &9:6^Z

"/ C3 <3 E:6.3<5613 2/781/.646 78C/@ 268EH8728 56 E8A:6C28 7/ 06 0H</A3A6 3765; = /23F60A3:/25/
E8=84; = 3013 313 0;E6:!0<560280A3D %;E6:0<56028A 56 ; 8<8 <:356= 6 0/=8 5672/ :3564D '8 56
B8246EA B853 580 ;<356B 2356 ; </= /@ 56: 03 <3 26 = 8.6A6 ./=3013A3@ 7/ C;76A6 A/B8 O062.3A3<23P 3
7/ C;76A6 30E;25623 0/ A813B8 E;28 32F8:= /435/D ?/ 3E/B@ B/B8 <3 6<81;3:/A6@ A8 56 E:/</4 ;
B856= 06 <3 B:646A6D ?80A856 A/B8756: 3 823 B853 0; <306 2698 0<56023 A89/ 7/ C3 8</5 E8=/B ;
0<560280A3 =89/8 8430A3A3 3 0B:8. E8= 60A3 E1/26A; 3 :/0E:80A:356A3 06 0<;7/ 3 823 ;1/.; 0<6 ; A8
7/ 06 A8 26 789873D

-)&@ A8 06 <64 760318D

>3 0= 8 8A3013 ; </0; E:80180A@ 7/ C3 </0 ; A8 ;<56:313 3 7/ C30A6 <3 ; A8 C313 039;:23D

?:</ 56 >&%-#D &0B;0A<8 56 ;<356B 06B;27/:28D $3B/7/ 2356 8C:2;A8@ <3 23B/7/ 26=/A6 2/5E:356
30B;0A<8@ E/ 7/ 827/ 2/ A8=6 3.9:/75;56A6 =3013D
+& Q+&*(L 78.3<15/</A6 73:6BA2; :6F16B035; 0<69/ 8289/ 0A8 =3013A6D
?8A6C28 56 7/ 0H</A3A6 7/ 0; </0/ 5/0284/ 3 0E8.2/5/ </06 <1/0A3A6 02/96 3 =843 OB/= 62
A6=615/4P ./ 7/156D

+/06 = 3013 8C13B;5; </0 0<356A J&*()# +K&*(>(D

$( %-># B/7 <3 A8 ;E:/<8 H846A6@ 2698 J&*()# +K&*(>(D

M;7;43 7/ 0A6 C8= C/:73:/23 0/ 5/B8 = 2898 <3C:/435/ B856 .616 B82A:813:/A3 </0; F:6B<62435; 3
B856 .616 7/ </0 0E:35643A3 7/ C;76A6 *-%$& N <3 0A6 260A/123 3 26871;423D

+3 = 8:/A6@ B/8 <:0A/ 7/ E80A/<3A6 5/02; 2/=56:; 7/ 80A/26 *-%$&@ 7/ 80A/26A6 J($'K&K-$& 3
7/ ;<356B .3<3A6 ; 8<8= >#>($'QD
?:60A/23A6 .3<56A3 ; C;7;4280A3 3 E:60A/23A6 .3<56A3 ; E:80180A3 3 G&+&'( Q+&*(L ; </06= %-"-D

K643A6 06C3\ O%A8 5/ .613= ^ G613= 7/ ;C:./= = 85; 1342; 6<81;435;D G613= 7/ =3 ";H8<23 %<356A
E8=8926 ; <646= 8C3= ;D G613= 7/ 06 = 856 A35618 0/= 8 :69626:3:/DG613= 7/ .:/43=
G"K-+)*(>D
%?K(> -$ 0/= 7/ 06 87:6B26= E8A60B84/@ A/B8 7/ C;76= G&+QJ& ?K&>*(K 8289/ 0A8
48<564/20A<8 = 8.6 C3A3DP

-B8 =3013A6 2/ 8</5 2/432@ 8</5 ./E8<356723 2/432@ 3 A8 3. 7;C326 </069 M&J- 3 /B8 ./.8<6A6
*-%$ # 828 0A8 <3 .613A6 N A8 E8B:646 0<6 3 782803 </= 0<6 ;C:./28D

?89167/5A6 </06 8C:/046D -B8 <3 E:3= 56A3A6 7/ E8:346A6 7/ 0A6 0A<8:313 26B8 30B;0A<8 3 26
E:3.2/A6 A8 30B;0A<8 B/8 </0; B:6/435;@ 567280A/<28 E89167/5A6 =/18 7;C156D K643A6 06C3\ O $356
13 8<8 32A6:60/2A28^ */ A8 :/73= 435618 <:356= 6D $ 6 .613= 7/ A8 0A8 0A</:/= E:3E/7/ =623D -B8
=3 06 A8 26 0<375/@ 5/ 567280A/<28 8B:3<3= 26B89 7:;989D M/0 =6 ./23=/ B813B8 4; 7;98 580
8<8 :/73A3 3 ./23=/ = 6 H84; 13 2/43 :5606256@ 7/ :/.<356= 7:;93 8C:/./4 E82/0/25/DP

$6=85A6 06 80;753</A3D ?8423A6 0/ A3= 6 0A8 46A6 :643 06C3\ O?:30A/56= 7/ E:6;.=6=
#", #+#K$#%' ./ 0<6 0A8 = 3 06 789/75/ 3 ; 0A8 0/= ;B15;462D -B8 = 3 06 26 0<375/ 828 = 3 06
760/</@ E846A 4; 06 E3A/A3@ ./0A8 0A</:/= 0A</:3 B856 = 3 06 26 0<375/5;D >8.7/ .C89 A89/@ 7/
8C:/A3= E/.25; 2/ 26B6 0A</:3 3 7/ E:8= 5623= 828 0A8 26 F;2B43823:/ ./ =626@ / A8 32/46 26
=89; <3756A3DP

Q<356B 7561;5A6 A/B8 B/8 7/ E80A853 26E89:603</ 3 C60E:356B8:8:2/ 0<:H/ ; 0<6= ; 0A8 <3 :/73A6D
"561;5A6 A/B8@ B/8 7/ 56 87 </069 2/5<6469 78C:/ 3 87 </06 2/5<646 B8:30A3 7/ 06 E:6:/73A6
0</B3 78.3<15/5 ; B853 0A6 ;B15;4623D Q<356B 7561;5A6 A/B8D

-L# H87/A6 ;1348= 3 26AB8 B/.6\ O&= /= E30A815 ;E6:62 ; </0/ 1675/@ 7/5A6 =3 </0; A8:C34;P@
7561;5A6 B/8 7/ </= 56 7/2/ E:313B/ ./ </0 2/5<643 :/0AD +& 23B/7 26 .2/A6 B/B<3 46 C3A3
:6.;1A/A3@ /B8 ?#J $('( 7/ 7561;56A6 2/ 8</5 2/432D L/7 <3 7561;56A6@ OL-# "-P@ <3 7561;56A6 C6.
.2/25/ 3 C6. 846B3</25/D #<8 56 567/2 0A/<D L/7 C3 <3 0<3 3= /13 8</B/< 0A/< 3 B/7 C3 <3 0<3
75618</13@ B/8 7/ 56 %+-L& "#G&+)*-* ;E:/<8 .C89 A89/ E:67 </=/@ 7/ </0 2/A56:/ 3 01;.3 ./
</0 7/1523 :/0A 3 :/.<85 3 ./ :/0A </06 0<560280A3@ 827/ C3 06 = 8.7/ =8913 8B:62;A3 E:6= / A85
808C3 B85/ 7:.3 E30A815 ; </03= 16753=/ 3 <3756A3 7/ 56 A8 0/=8 567/2 0;E:8A23 738 </0D +3 = 8.7/
78C356A6 = 89;4280A 7/ 3.135643A6 260A8@ </=/ = 8.7/ C;76 7/2/ = 89;4280A 7/ ;:/73A6 260A8
469/ 06 C853A6D

$6=85A6 06 C85/A3 0A</:3 B856 0A</:/A6D &=/5A6 E8<56:625/ ; A8 0A8 0A</:/A6D +56:;5A6 7/ 56 ;
0<6=; 0A8 0A</:/A6 260A8 ./ </0D $6= 85A6 0/=8 E8=60A3 </06 7:/=6 30E87 A6E3H/@ B/8 7/ 0;
./7256 0= 646 3 B/8 7/ 3H <306 23B/7/ 26 .613A6 <3756A3D G/<:03A6 0/ A3= 7:/=/= /@ E:60A/23A6 3H
:643B13:/A3 2/28<8 3 2/28<8 3 9;C3A3 06 ; 253= /D % 7:;96 0A:/26@ :/.;= 3A6 7/ </06 7:/=6 B856
0A6 3=/13 0/ </08= =/5B8=@ C:/A8=@ 060A:8=@ E/:A26:8=@ `[ 98732/ E801356 A89/ = 8.6A6
30B8:30A3A3 7/ C3 78013 78 0/0<3= 28<3H 0E8.2/5/D

'/B8 7/@ 872803A6 06 E:6= / 8<3= 7:/=/= / B/8 E:6=/ 56728= 78056;D G/<:03A6 0 253= /@
./A<8:3A6 78056@ 0B18E3A6 = 3: 0 253= / 3 E:3H</A3A6 </0 ;738 ; 253= / 3 827/ 3H 80A/<3A6 7/ E:875;
B:8. </0; 0<3560A@ 7/ C3 </0 260A8 2/;4316D
"8.<813A6 7/ E80A/2; E6:=/262A28 C1/98 </03H 30B;0A/</@ / 26 E:6E:6B6 B856 <3 .613A6 3.C5643D

%/ 0<3= 8<3= 0A</:3= / 0; E8<6./26 6=84356@ 056A3A6 06\ 6= 84356 </0 = 89; 87<60A3 ; 7:;9/
E87:;45/ 75618</25/D
"/ 13 <3 <56:;56A6 7/ <3 0A</:/A6 </0; 0A</:280A 0/=8 ; 26B3= 3.<56023= 75618<3=/@ / ;
80A/13=/ 0A6 26=8423^
)5;A3A6 13 06 7/ 2/7 26B3= E87:;453=/ </069 .3<8A/ 26=/A6 23B/B<6 B82A:816^
"/ 13 06 <3 87:346A6 8289/ 0A8 56 E8 E:3:873 </06@ 0/= 8 ./A8 0A8 </= 7:;0A<8@ 8B8132/ 3 = 67353
B/.; 7/ <3 A8 26 =8.6A6 3=/A3^

+3 46A6 <3756A3 7/ 06 789/75/53 26 789/75/5; 0/=8 A/B8 N B/8 9:8= 3. <67:/ 26C/D $6B3 87 </0
<56:;5; 7/ 823 0A</:/5; 253H8<; <1/0A3A; 0A</:280A@ /13 7/ 7:;93 A8 26 :/76@ E898A8<8 26 7564/@
B853= / 06 760/</5; :/.26 :;.26 0A</:3 313 7564/ B85/ C;7; .180A/<15/2/D

G/ =2896 87 </0 56 5/B8 A60B8 ./ 0H</A3A3@ 7/ 4/B 3 E:3<3728 C60E8=842/ 7564/ 313 15;73 B853
;=3:; 87 91/73 0A</:/5; 253H8<; 0A</:280AD %</B3 E;A@ B/7 <3 E/726A6 2/ 26435; ;189; .:A<6@ <3
0/156A6 A3= 15;73= / 3765; 8 A8=6 B/B8 0; 823 26=8423 3 <3 B:63:/A6 3 A; =89;4280A 3 ./ </0
0/= 3HD

+& = 8:/A6 2/;43A3 7/ E80A;56A6 A;756 7:/= 6 3 16B4356D

+& = 8:/A6 0H</A3A3 7/ </= </06 28<326 2646 E:34/A3 8 A8= 6 B813B3 E8A62435/1 ./ E:8= 5626
E80A853 ; 0<3= / 823=/ B853 0; ;B15;4623 ; 26B3 0462/:38@ 56: </06 28<326 26 782806 A/B<6
:6E8:A/.6 3 26 8AB:3</5; 0A</:3 2/ A/B/< 2/432D

+3 26 :/.;= 356A6 E8./7320B6 032H:823.3A6A6 B853 E:6AH876 789/75/53= /\ </03 =67353 8AB:3</5;
0/= 8 +-$*%L(@ A/B8!.</26 432562346 3 3928:3:/5; B8= E16B02; E87189;@ ;189; 3 .2/46256
(>#J&*- B856 E:/A6 15;70B6 7:/=6 3 16B4356D
#23 B853 0; ;B15;4623 3 ;H</4623 ; 7:/= 6 ; B853= / 3.9167/ B/8 7/ 56 26AB8 .:A</ 0; 8C3428
A813B8 #" %*(J($& 87 0<853H 80564/5/@ 7/ 823 A8 0A8 823 80564/5; ;8E46 26 E8<6.;5; 0/ 823= 6
0A8 823 = 3016D

G:A<6 2/1/.6 .:A<6D

?8C5672343 2/1/.6 E8C56723B6D

'/B8 7/@ =813= 8 </0@ B/7 43A/A6 </06 28<326 0/ 789/753=/ 3 7:/=/= / ; 0<356A; ; B856=
3.9167/ 7/ 0; 15;73 C6.2/76.26 .:A<6@ E80A;5A6 3H 3 E80A;5A6 </0 0/=6@ E:3.2/5;43 3 E:3H</4/5;43
7/ 0; 823 0A<8:313 253H8<; <1/0A3A; 0A</:280AD

'8 = 8.7/ 2356 0A</:280A 3. B856 <3 =8:/A6 ;43A3 313 ; B8585 =8:/A6 ;460A<8</A3D +& = 8:/A6
:/.;=356A3 7/ 7:;93 = 8:/5; E:843 B:8. E87:;45/ 9;0A846 7/ C3 06 78<613 2/ 0<56A18D ?826B/7
2/5<646 E:80<56A156256 16.3 ; 2/5<643= B/A/0A:8F/=/ 3 2/5<643= E8A60B84/= /D

L/7 <3 876A6 ; :60A8:/2 3 2/:;43A6 828 0A8 .613A6@ B;H/: A8 0B;H/ 3 B828C/: </= A8 782606D +&
A8 2/:;43A6@ /13 <3 A8 26 2/E:/<3A6 0/= 3D '8 26B/B8 0B;H/5; B;H/:3 313 0E3:3A;/12/ 626:935/@ /13 +&
&G-M(K('( 828 0A8 .613A6 7/ </= 06 06:<3:/D -13@ 2646 </= 06 06:<3:/A3@ /B8 26 876A6 ; 567/2
:60A8:/2 3 26 2/:;43A6@ ./ E846A/BD '/B8 7/@ <3 0A6 8798<8:23 ./ A8 3 <3 E1/4/A6 ./ A8D
G&+#' F;2B43823:/ 2/ &%'& $-J&$D

Q43A6 7/ 2/:;4;56A6 828 0A8 .613A6 87 .3<8A/@ B/8 0A8 2/:;4;56A6 ; :60A8:/2; 3 3= /5A6
E8<56:625/@ 7/ 46 A8 0A8 0A6 2/:;4313 C3A3 0A/<15628 E:67 </0D L/7 <3 876A6 ; :60A8:/2@ <3 06
23B/7 26 C:326A6 8 0<3= 0/0A8543= / 3 7/ 13 313 26 ./01;.;56A6 7/ A8 78C356A6D ?/ 3E/B@ E826B/7 56
;E:/<8 A8 828 0A8 <3 :/73A6D +3 E826B/7 B/.6A6\ O*/ 26 ./01;.;56= 7/ A8 3=/= D '8 B80A/ V_
7811/:/D */ =89; 3= /A3 567328 260A8 0A8 B80A/ Y 7811/:/ 313 = /256DP

$/432 2/ B853 06 <3 E82/0/A6 ; :60A8:/2; 56 E:6B:/02/ 3273B/435/ ./ 2/432 2/ B853 06 <3
E82/0/A6 ; .3<8A;D '8 56 56728 26<56:85/A28 ;46256@ B856 <3 =8:/A6 :/.;= 356A3D L/7 <3 876A6 ;
:60A8:/2@ 7/ 13 <3 567280A/<28 876A6 3 B/.6A6\ P'8 56 828 0A8 5/ .613= P 3 <56:;56A6 7/ 46 A8 7843
B </=/ 313 0A6 ./C:32;A3 7/ 46 823 ./C:15/A3^ J3= 56 2/:;7.C/ E801/2/@ <3 26 0135673A6 B828C/:/ ;
B;H325; 3 B/.6A6\P #H@ 823 = 8.7/ 26=/5; 30E:/<2; .6162; 0/1/A;@ 823 46 =8.7/ E:3E:6= 3A3 1;B
=/18 7:;9/4356 3 823 039;:28 26= /5; 826 9153<6 B856 5/ H84;DP
$6D
+3 567280A/<28 <56:;56A6 7/ 46 </=/ C3A3 06:<3:/28 ;E:/<8 828 0A8 <3 .613A6 3 <3 78.<813A6 7/ 06
A8 7603D
L/7 </= 06 06:<3:/@ <3 B/.6A6\ OR</1/DP
-B8 </= 06 C/0 26 0<375/ 0A/ 56 06:<3:/28@ <3 ./A:/.3A6 7/ 06 A8 3.=5623 3 827/ 567280A/<28
2/0A/<3A6D
?89167/5A6 = /18 0/ B858= 2820/1/2A280A3 0A6 <3 2/:;4313 0<6 8<6 0A</:3 ; :60A8:/2;D
$/:;43A6 A/B8 3 ; </06= .3<8A;D

K/.5/023A6 0/=3 06C3 0A8 ./E:/<8 .613A6@ 2/:;43A6 3 ./<:03A6 0 A3=D $6= 85A6 0A/128 2/.3</A3
";H8<23 %<356A 7/ <373A6 560; 13 78C313 2/:;7.C; 3 26= 85A6 7/</A3 0/<56A6 B/B8 7/ 06 </0/
2/:;7.C/ 30E;23D +& 0A6 2/:;4313D
+56:;5A6 7/ 46 A8 3 7843D

+& 0A6 :6.;1A/A </03H =3013D

-B8 2/ 8<85 G6= 153 26 2/;43A6 30A/ 7:;98@ 2/;43A 46A6 C/:6= 7/ 56 8<8 E:/<318 ; 8<85 0A</:280A3
3 7/ 56 8<8 E:/<318 ; = 2893= 7:;93= 0A</:280A3=/D

>&%-# %'+-K- &%LQ%'+#D

G/0A8 03 26 C3 7/13 E8B182 3 E84613 :/.= 3015/A3 8 06C3 B/8 260</B37/0256= @ <6134/20A<28= 3
;.73.;46= C34;@ 8018C873A6 06 87 E8A:6C6 7/ </= 80A/A/B 7:;0A</ 7/56 E8A<:7;D
?8A<:73A6 0/=3 06C3 </0; <:3567280AD G/ 26B6 87 </0 8<8 56 56 5/B8 A60B8D L/B8 7/ E8A<:73A6
0/= 3 06C3 </0; <:3567280A@ /B8 230A6 2/<3B13 7/ A8 :/73A6^

+/06 :35643 </= 313 7/5; 02/9; 313 </= ;=/25;5; 02/9;D >3 .613= 8 7/ <3 3= /A6 H:/C:80A3 7/ .3<3A6
</06 0<56A18@ =3 .613= 8 .C89 A89/ 2/91/03A3 3 ;<56:3A3 </0@ 2/ C318 B853 =89;43 2/432@ 7/ </06
>&%)& 0A</:/5; </0 0<356AD

&.C/43A6 3. </069 :356423B/\ OA:6C/8 C3HP 3 OE8B;0/</= PD L/7 C3 <3 0</B3 E;A = 8:/13 E1/A3A3@ B/7
B8:30A3A6 8<6 :35643@ 3= /13 C3 5/B8 <308B6 7;98<6D +3 80A/56A6 0</B3 E;A 06C3 260A8 7;.23@ B/7
0/= 3 06C3 ;=/25;56A6 </0; 02/9; 3 = 84D
O':6C/8 C3HP .2/43 7/ <3 7561;56A6 E87 0;<6:623A6A8= 26B89 7:;989D

>& </0 .613= 8 E87056A3A3 7/ 0A6 <3 %-> & %+#* +)-"-KD

L/7 26AB8 OE8B;0/</P 3.7/A3 28<326 313 B/7 OE8B;0/</P E:8=5623A3 0<856 8C:/046@ 827/ 82 =8.6
78 B:/5/ .3<8A/ OE8B;0/</A3PD
O?8B;0/</A3P 2356 30A8 08 3 :/73A3D
%</B3 E;A B/7 <3 B8:30A3A6 :3564\ OE8B;0/</A3P@ <3 2646A6 ;0E56A3 230A/@ 56: E8B;0/</256 56 0/= 8
567/2 3.98<8:\ O*/ 0/= E8B;0/8 7/ A8 ;:/73=D ?8B;0/8 0/=DP
L8:30A3A6 ; 0<8= .3<8A; :35643\ O*/ 0A/</:/=D */ :/73= D */ = /23F60A3:/= D */ 2/=56:/</=D */
7561;56=DP
G/C8:/<3A6\ O*/ E8B;0/</= PD
L/7 <3 E80A/26A6 n#2/5 B853 7561;56O 3 B/7 =/23F60A3:/A6 828 0A8 ; </06= .3<8A; .613A6@ 827/
46A6 ./ =2896 15;76 E80A/A3 89167/18D

'; <64 7;98 <1/7/ ;<56:6256 7/ 87 0<69/ E80A853 0/= 8 5672/ 87:67562/ = 56:/ 3 7/ 0/=8 5672/
313 26B/ 7:;9/ 808C/ =89; C3A3 O4323843P 313 0A</:/843D L/7 <3 E8426A6 E8B/.3</A3 7/ <3 01/=/A6
./B826 0A</:280A3@ 827/ 7:;93 A8 2646 .6156A3@ 56: 823 <56:;5; 7/ 823 A8 26 = 89; 3=/A3@ 803= /B8
<3 A8 26=/A6D

L/7 <3 06C6 ./B37/A6 3 B/7 06 C853A6 E805678</A3 260A8 0A8 7:;93 26=/5;@ 56: 06 C853A6 7/ A89/
26=/ 78<81528@ 827/ <3 26 78.<815/</A6 C8./20B3= E:3243E3= / 7/ 06 3.:/./</5; ; </06= A3561;
3 7/ 06 A/B8 ;037:6 2/ E1/26A3@ 7/ C3 <3 E80A/13 .3<;43 E:3= 56: ./ 0<56A180AD

+3 78.<815/</A6 30A320B8= 0=301; 0<56A180A3 7/ 06 B:8. </0 N B/8 E80:6723B/ =/23F60A3:/ 3 <3
E80A/56A6 .3<;43 E:3= 56: A89/ 0A8 7:;93 = 89; E80A343D #<8 56 A/ <308B/ <3C:/435/@ B85; </0 0<3H
=3 .613=8 E87;43A3D

>3 .613= 8 7/ <3 :/.;= 356A6 7/ 26 E80A856 89:/234625/D $/ 4356185 E1/26A3 26 E80A856
89:/234625/D %</B/ 808C/ 2/ 4356185 E1/26A3 = 8.6 75618</A3 ; B88E6:/4353 0/ 0<3= /@ /
30A8<:6=628 ./7:./A3 0<85; E806C280A 3 567320A<6280AD L853 987 0E3:3A;/123 313 = /A6:35/123 E8B182
780/8 B </= /@ 26= 85A6 = 3013A3 7/ <3 3= /A6 <306 0:646 2698 C318 B8 7:;93D Q=560A8 A89/@
567280A/<28 :/.;= 3A6@ 7/ 0A6 0E808C23 7/ 80A</:3A6 C8./20B6 E:3243E6 7/ 06 3.:/.6 B:8. </06
F3.34B8 A35618 3 7/ <3 = 8.6A6 E8B/./A3 7:;93=/ B/B8 A8 F;2B43823:/D +3 =8.6A6 :643\ OR65@ 01;0/5@
'# ]Q$LJ&#$&K-D */ 0/= A8 E80A39/8D & A3 A8 = 8.60DP

>3 E:8<873= 8 0/A6 ;4643 15;76 B/B8 7/ 06 26 C856 7/ = /23F60A3:/5;D %</B8 87 </0 06 ;./0/</@
56: <3 0A6 87:/013 0/ 6A34B3= E:/<331=/ B85/ B/.;\ O*67328 B/7 ./ 260A8 :/730@ 827/ A8 3= / 26B;
<:3567280AD -B8 26 :/730 A60B8@ A3 23 26 = 8.60 78C3A3 230A/DP

$68EH8728 56 </.28 7/ <3 0<3 E89167/A6 =/18 3.C13.6 8<; 3765; A60B89 :/7/ 3 87/B16 82/
./E:/<8 781/.3D
?89167/5A6 </06 :873A6156 3 253H8< 030A6= <56:8</25/D >3 E:34/= 8 8 :875625; 0<560280A3@ 8
56728= 28<8= 48<564/20A<;@ B856 ;43 7/ 06 0A</:3 789/75/5; C6. 2/E8:/D

-B8 06 260A8 26 760/</ C6. 2/E8:/@ 827/ A8 567280A/<28 ./C8:/<3A6D -B8 3.9167/ B/8 E:6<306
E801/@ 827/ </= 260A8 98<8:3 7/ A8 2356 30E:/</2 2/432D '6B B/7 <3 78C356A6 0A</:3 C6. 2/E8:/ 3
B/7 0<6 567280A/<28 E/06@ B/7 23AB8 26 :/73 E:6<306@ 827/ 56 A8 30E:/<28D L/7 <3 0<3 E8426A6
A/B8 .3<56A3@ <3 46A6 B8=E16A28 E:8= 5623A3 2/432 2/ B853 8</ 0<5602/ <:0A/ N J#+*(L ! 0H</4/
.3<8AD

#<8 2356 268798<8:/2 2/432@ 23A3 C3569 87 0A</:280A3@ 26@ 8<8 56 0/= 8 567/2 28<3 2/432 B/B8 7/
06 43916 E:6260; 3. 567289 =560A/ 2/ 7:;98D

*6728= 0=8 0 56728= 9:;E8= E:34/13 8 98=313 43913 3 E3A/13 0= 8 A6 15;76\ OL/B8 46A6 E:6= 560A3A3
A6 43916^P
#23 0; 0<3 :6B13\ OR=@ E/ E:62803A 46=8 3H 5672; E8 5672;DP
- =3 0= 8 :6B13\ O*60A6 13 <3 B/7/ :/.= 301313 7/ ;2/5= 3A6 26B89 7:;989 7/ A8 2/E:/<3 ;= 560A8
</0^P

-B8 56 </0 ./7/A/B 7/ E8= /B26A6 43916 87 A; E:6= / A/= 8@ B/B8 46A6 <3 A8 ;4323A3^
+/0 E:<3 8798<8: C3 =89/8 C3A3\ OR=@ E/ ;.6A 4; 5672; E8 5672; 3 E:6= 560A3A 4; 3HDP
-13@ <3 C3 =8913 26B89 E8.</A3 3 :643\ OR65@ E:6= 560A3 8<6 43916 ./ = 626DP
-L# A/B8 2/E:/<3A6@ <3 3 7/156 30E;25/</A6 </0 ./7/A/BD +3 567280A/<28 :/73A6 828 0A8 =8:/ C3A3
2/E:/<15628D
>3013A6 13 <3 7/ 46= 8 </0 =3 B/.23A3@ /B8 A8 0/= 3 26 2/E:/<3A6^
$6D
+3 30E;25/</A6 ./7/A/B ; 0</B8= 01;4/5;D +373A6 13 :/.13B;^

$8</4 56 ./ = 2896 87 </0 5672/ C3A2/ A6= /D +3 0<3 3= /A6 A842; E:670A/<; 8 A8=6 B/B8 C3
28</4 A:6C/8 7843 78 </0D
J3= <306 <3 <56:;56A6 7/ <3 =8:/A6 A60B8 :/73A3 ./ </0 28</4@ A3= <306 3 A6.6 46A6 <3 3 = 8:/A3
:/73A3 ./ 28</4D >2893 87 </0 <56:;5; 7/56 0B:8. 28:= /128 7/ :/76 A60B8 ./ 28</4 3 /B8 06 26
:/73 A/B8 827/ 56 28</4 OE:15/<PD
%56A3A6 06 3.:/./ OM(G $-?#K-P 3 ;<673A6 A/5 3.:/. ; </0 :356423BD K643A6 06C3\ O$/=56:/</= 7/
06 A8 7603 OM6. 2/E8:/PD
M6. 2/E8:/ .2/43@ 7/ <3 ./E8<3567/A6 0A</:280A3@ 7/ </= 78756 2/ A/B/< 567/2 2/432 B853
80A/<15/ 580 = 2898 626:9356 ./ 7:;9/ 6B0E6:3=62A3:/25/D

%56A3A6 06\ +-%- %'+-K$#%' *( K(GQ)'-' +-%&R >&%)&D

-B8 <3 <56:;56A6 7/ 0; 0A</:3 OA60B6P@ 0A8 <3 827/ 0A</:/A6^

>2893 87 </0 0; E:8<613 43A/< .3<8A E80A;5;43 26B6 41/28<6 </06 8C3A6153 313 41/28<6 7:;0A</@ ./
B856 <3 <56:;56A6 7/ 0; ;.8:23 9:/75/23 3 B853 ./ </0 E:670A/</15/5; E:3=56: ./ :/723 =8:/1 A6
2803846 6A34B3H <:3567280A3D +3 23B/7/ 26 78<873A6 A/5 :/723 = 8:/1 ; E3A/256 313 06 E3A/A6 7/ 13 A;
E80A853 26B3 7:;93 2/432^

GC89 A89/ <3 <56:;56A6 7/ <3 = 8:/A6 ;18.3A3 5/B8 E;28 626:9356@ 7/ C3 78C313 28<46 313 7/ =8:/A6
C3A3 ./8E01623 B87 26B89 B8 46 </= A/5 28</4 7/A3D #</ ;<56:625/ 3 8<6 37656 0; A8A/128 B:3<6D
>3 A8 26 =8.6= 8 78<81528 5/B8 2/91/03A3D

-B8 <3 78.<815/</A6 0A</:3=/ 7/ 06 7606@ ";H8<23 %<356A 46 </= A8 B8=E62.3:/A3 2/ :/.26
26846B3</26 2/4326D *67323 :/.189@ .C89 B8569 06 8<8 580 2356 760318 56 7/ <3 230A6 <56:8</13 3 <3
26 <56:;56A6 7/ 56 A/B8 260A8 = 89;46D
L/7 <3 E8426A6 <56:8</A3 7/ 0; 0A</:3 >#,QJ(@ %'+-K$#%' %( > *($*-D

"-L)(@ B85/ 0; A8 E:/<31/ 8<6 &9:6 3 # J(>Q %( 'Q G-?K-+# K-"&^

K/73 06 ; %'-$ *Q %+&*(%'&D K/73 06 8 %'-$*Q +-%(, Q>-D K/73 06 8 </06= %'-+QD

>& </= A8 26 =8.6= 8 78<81528 2/91/03A3\ 2/432 2/ B853 06 <3 80564/A6 ; <6.3 0/ 0A</:280A3 3
B/B8 <3 E:89:/= 3:/A6 %'+-K$#%' 56 2/432 2/ B853 46A6 <3 2/ %'+-K$#%' :6/93:/A3 3 2/432 2/
B853 46 </= 06 %'+-K$#%' E:6.62A3:/A3D

GC89 A89/ </= = 3 B/.6= 8\OQ4323A6 A8D M;73A6 0= 5613D #7</.3A6 06D K/73A6 828 0A8 </0 ;0:64;56
3 ./C/<15/D K/73A6 $(>#,QJ(aP

+& '# >#G('(D

+& >#G('( QJ&$&'& %'# ,#" "- ?#G()&'(D

+& J('( 'K-$ %]#K>&K-'& +-% %+&*('@ M(G #MG&K- Q L#*(> %( %'-$*Q +-% %+&*('
$-)-G&#D

%*('&'( %(@ B/7 <3 0H</A3A6 8 46=; 06 8<756 ./E:/<8 :/73 3 2/;43A6 E:/<31/ 8<6 &9:6j 7/ 0A6 +&
K(GQ)'-' +-%&R >&%)& 3 7/ 56 A8 ./B82 ; </06= 0<6=3:; N %+( %'# 'K(M-'( 56 7/ = 3013A6 8
06C3 2/ 2/432 2/ B853 <3 .613A6 7/ <3 C;76A6 3 <3 46A6 A8 3 C3A3D

L/7 <3 A8 56728= 0H</A3A6@ <3 =8.6A6 8C13B8</A3 0<856 A35618@ <3 = 8.6A6 8C13B8</A3 </0; 78C@ <3
=8.6A6 0:673A3 %+( Q +(G& %(M(@ 56: <3 46A6 C3A3 0/=8!=8A3<3:/23@ 802/.623 3 8E;28=84623 87
0/= 3H 06C6 3 0A<8:623 87 0/= 3H 06C6D

4(%5-657& :88 ! $8o6256 %<56A180A3 56 <6136/20A<62 ./7/A/B

%/7/ 56 <:356=6 ./ 0<6 </0 7/ E828<8 76F323o6A6 </o6 <1/0A3A6 3762A3A6A6 ; 56728= = 2898
o3:6= 0= 301;D Q 8<8= B80= 80; 87<35/5; 06 789/p/53 8 B853=/ <3@ E/ 6/B 3 =2893 </o3 E813A36B3
1376:3 26= /A6 E85= /D >8:/A6 E:60A/A3 0/ 0<858= 2/3<28oq; ; <6.3 76F3230/25/ C898</ ! =3016q3
7/ E80A856 C3q/ B85/ 781/.6 0 26C/ 2/ 8<; E1/26A; 0/ 0E6435/123= A/162A3= / 3 0E808C280A3=/ 3
7/ 0; 823 0<3 0E3:3A;/128 E8<6./23D +3 q6A6 B/8 <:0A/ 8AB:3A3 26B6 <68= / ;.26= 3:/</5;q6 0A</:3
; 37;q3H 26B813B8 98732/D > 3 </0 E:3E:6= /= 8 76B:6A8= ?8:87346 %<56A180A3 A/B8 7/ = 8r6A6
:/.;=56A3 3 C3A3 32F8:= 30/23 8 </o3= <1/0A3A3= 8E435/=/D

>3 0= 8 </= 2/91/0313 A/5 E85/= =;1A373= 62.382/1280A3 N B8246EA 7/ = 8r6A6 C3A3 2/ = 2898
=560A/ 3 7/ =8r6A6 E8= 56:/A3 0<85; 0<3560AD > 3 0= 8 E873561313 0 </= / 82; E80A/<B; 7/ q6 87
8<6 G6= 156 C3A3 0A<8:62 567/2 87:6p623 C:85 0<56A8</D Q 56728= <:6= 62; 313 7:;98= @ <3 q6A6
781/.3A3 ; 03A;/435; 7/ 0;= 25/A6 ; 0<6 8<8 oA8 0=8 E873561313 0 </= /D +/o 030A6= q6 78r3<56A3
0A/256 o8B/ 3 <3 26q6A6 C3A3 ; 0A/25; 7/ E8<56:;56A6 ; B8= 0A6E62; 0A6 C313 2632F8:=30/23@ A/B8
7/ q6A6 56728 87:6p628 <:356=6 0;=25/A3 ; </137280A 2/o3H 32F8:= /435/D

>3 </= =8r6= 8 0/=8 E82;73A3 32F8:= /4356 B856 0; C/.3:/26 2/ </o6= <1/0A3A8= ;C:./25;D +3
06 =8:/A3 :/.<3A3 3 0/= 3 06 78056A3A6 ; <6.3 A89/ B/B8 7/ E3A/A6 ./ 32F8:= /4356 ./A8 oA8 E80A853
567/2 0<6A3 ./B82 ; <6.3 ;E13A/25/ 313 32A6:F6:624356D &=/ = 2898 823H B853 0; E:6B:o313 A/5 ./B82
; <6.3 32A6:<6230/25/ 2/ G6=153\ 6/B 0; 3 823 3. 2/o6 E:/7/<26 8C1/0A3 E80A85/25/ A8 632313D

>3 0= 8 </= 78<81528 660A8 2/91/o/</13 A8 7/ 56 8<8 567/2 ;23<6:.;= 018C8726 <8156 3 5672/
.82/ 018C8726 <8156@ A/B8 7/@ 2/:/<28@ A8 E87:/.;= 356</ 7/ 56 8<756 0<6 78.8<815628D #7/A16@
;<356B q6 C3A3 823H B853 q6 r6156A3 7/ C;7; 980E87/:3@ <1/7/:3 3 /;A8:3A6A3 2/7 7:;93= /D +3 0A6
E:6<3o6 2/3<23 ; <6.3 A89/ B813B8 = 2898 C3q/ 8<756 B82A:813o6 7:;96D

?8:8734/ %<56A180A3 56 E8.2/A/ E8 0<8585 0B18280A3 3 15;C/<15; ./ 0A</:/256= 7:;oA/</ ; B853= /

781/.3 78 567289 26<56:8</A289 B:6A/25/ ; 0<3= E:/<43=/ ;.7;r 0<56A18023H .:/B/D sA/ A8
.2/63^ %<56A180A 56 32F8:=/435/@ A/B8 56 ?8:8734/ %<56A180A3 5672/ E8:8734/ 32F8:=/435/D ?80A856
0<3560A3 N E8:87346 :/A/ N B856 E:8<876 =8r7/ 3 = 3135/:76 98732/ E:6= / </o3= E85=8<3=/@
E:8;6/</5;q3@ E:8=8<3o;q3 3 30B;o/</5;q3 B82A:81; 2/7 0<356oq;D Q 56728= ;23<6:.;=; B853
E80A853 3.</2 <:6=620B3H 89:/236625/@ ;2;A/: 26B6 .826 018C8726 <8156 8739:/</5; 06 0<6
<:0A6 0462/:35/D

#<8 56 <:356=6 ./ </0 7/ :/73B/128 E:8=35623A6 </o6 E891676 ; <6.3 0/= 3H 06C6 3 7/ E8626A6
7/ 18=3A6 9:/2346D %/7/ 56 <:356=6 ./ </0 7/ 06 ;.73926A6 3.2/7 03A23H 789/p/25/ 3 = 6187:/=/
0</B8726<289 r3<8A/ 3 E8626A6 7/ 06 0E/5/A6 2/ 56728= B80= 36B8= 23<8; 0/ B8=E13B8</2353=
7:/= /=/ B856 06 A; E85/<15;5;D $ / A/5 2/632@ <3 q6A6 = 8q3 C3A3 C8156 32F8:=30/23 8 </o3=
<1/0A3A3= 2/=56:/= /@ 0<:03 3 7:/= /= /D +3 =8:/A6 C3A3 ; 0A/25; 7/ :/.;= 356A6 8C856@ </o
3762A3A6A 3 </o; 0E808C280A 7/ E;A;56A6 2/ A8= 0<8= 3762A3A6A; ; C318 B856 7:;96 0<56A8<6 B856
3./C6:6A6D

#</ E:36/ 8 ?8:87343 %<56A180A3@ 313 O?8<:/A/B C35613H 7:608</P@ B/8 oA8 <3 <813A6 A8 7/ 2/.3</A6@ 56
828 B8 0A6 <3D +3 0A6 06 8C/<6./13 2/ A8 7/ ;:/73A6 87:6p623 ./7/A/B@ 7/ C;76A6 ; 8<85 =30353 3
7/ 06 056A3A6 3 87:/73A6 828 ./oA8 0A6 8<756 78o13D >3 0= 8 </= :6B13 7/ q6 06 </o3 0<56A8<3 3 </o3
3762A3A6A3 ;2;A/: 253H 7:/0A3628 E:8=35623A3 3 <3 06 0/7/ E:3C13r/</A6 A3= <:6= 623=/D +3 0A6 06
E:8=3562313@ = 2893 87 </0D QB813B8 E89167/A6 ;2/./7 7/ E89167/A6 B8 0A6 C313 E:356 98732;
7/2/@ ; 2/5C8156= 01;6/5; 0</B8 87 </0 q6 E:3= 56A3A3 7/ 0A6 0/7/ =2898 02/r2353D

&76/128@ 0</B8 87 </0 C3 A:6C/8 E866A3 7/ 8056q/ A8 7/ <3 0A</:28@ ; 0</B8= =8= 62A;@
0A</:/A6 </o; <1/0A3A; :6/1280A 3 7/ 56 0</B/ 03A;/435/ B85; 78r3<15/</A6@ C318 7/ 0A6 ./E801623 313
26./E801623@ 0A<8:62/ E:6=/ </o6= <1/0A3A8= 73./52;D Q 8<8 <:356= 6@ ; 2/5C8156= 01;6/5;
0</B8 87 </0 56 8<1/7/8 ;= 56A28oq; =/23F60A/4356 ./A8 oA8 56 0/7/ <:356= 6 ./ </0 7/ ;<; 66A6
B80= 36B; 32F8:=/A3<2; = :6r; ; </o6 A35618 3 ;B15;63A6 56 ; </o; E03H; A/B8 7/ =8r6A6 E80A/A3
567/2 87/o315/6 A3H E87/A/B/ 2/ 8<85 E1/26A3D '8 56 = :6r23 030A6= B853 06 E/13 ;. E8=8q
0<56A18oq; 32B873:/23H <1/B/2/ 3.</2 </o69 A3561/D

+3 = 8:/A6 C3A3 =2898 E:8234153<353 ; <6.3 A89/ B8 313 oA/ 781/.3 0 26C/@ ./A8 oA8 q6 </0 E8B;o/A3
2/0/=/:3A3 3 E:6</:3A3 / <3 26q6A6 = 8q3 A8 :/.;= 56A3D > 3 A8 <373=8 ./A8 oA8 3 0/=3 .2/=8 B813B8
56 1/B8 </0 E:6</:3A3 3 2/0/=/:3A3D ?826B/7 </= 3 = 3 A8 :/73= 8 B/B8 C3 </0 2/A56:/13 7/ 06
E8B:626A6D >3 0= 8 </= :6B13 7/ 0=8 0 </= / <6q C313 <68= / 1;B/<3D '8 56 C318 E8A:6C28@ ./A8
56: 7/ 0= 8 </= :6B13 43561; E:36;@ =2893 87 </0 C3 E87<313 :6E 3 7/<28 E8C56913 87/<76D
Q 2/5C8156= 01;6/5;@ = 3 0= 8 ; </0 ;0E5613 ;13A3 E8<56:6256D > 3 0= 8 </= A/B8p6 ;1313 567/2 28<3
B873431 32F8:=/435/ A/B8 7/ = 8r6A6 E:3H</A3A3 8028<23 9:/p6<320B3 C18B 8<89 030A6= / N B8246EA
7/ <3 0A</:/A6 0/= 6 06C6@ 7/ <3 0A</:/A6 </o; :6/1280A ;. E8= 8q </o3H =3013 N 3 8C:/.;56A6
567/2 0<356A B853 56 73./523:/2 87 0A:/26 ?8:87346 %<56A180A3D $/ A/5 2/632@ 567/2 28<3 E1/2 3
626:96A0B/ =:6r/ = 8r6 06 2/7<3A3 2/7 735618= 8<6 G6= 156@ A/B8 7/ = 8r6 7/ 3.23B26 5672/
E8AE;28 28</ =89;q280AD M6. </0 3 A6 28<6 =89;q280A3 B85; <3 782803A6@ E80A853 E8A62435/1 ./
567/2 <613B3 B80= 36B3 :/A 8<756 2/ G6= 153@ ; 26B8 <:356=6D

&0A;E3A6 =/18 2/E8156 0 </o3= 8056A3123= 462A:8= 3 8056A3A6 B/B8 06 o3:3 B82F;.35/ E8 8<8=
0<356A; ; <6.3 A89/ oA/ 06 .C3</D #</ E1/26A/ 56 F;2B438230/1/ 2/ 567285 <68= / 230B85
F:6B<624353@ F:6B<624353 B85/ 56 C/.3:/2/ 2/ 8E0A/2B; 3 F:6B<624353 B85/ 56 C/.3:/2/ 2/
8260E808C15/</25;D +/o 3762A3A6A 56 C/.3:/2 2/ 828= 6 oA8 <3 =8r6A6 0B;E3A3 3.</2 06C6D
"</2/60A 1/2/4/ U"$-Z q6 8C6.<:35673A3 0<6 828 oA8 56 E:670A/<15/18 3 8B:;r3</18 8</ 7</ 1/24/D
%/< 28</4 B8569 0A6 ;oA675613 3 3=8<32/ 6353 0A6 <1/02343 N E8AE;28 0; 26C3A23 ./ 6<81;435; 8<6
E1/26A6D

#056q/A6 13 B/B8 0A:/H 3 26039;:280A A6B; B:8. 15;70B6 r3<8A6 B/B8 823 E86325; 7/ 0H</A/5; 7/
06 E:3243E3 2/ B853= / 0; 253H8<3 r3<8A3 C313 76F3230/23 0/7/ :;o6D %H</A3A6 7/ 56 0<56A180A B:3</4
./ A8 253H8<8 :;06256 3 7/ <3 B/8 E:3E/72343 ?8:87346 %<56A180A3 3 (;</:3 ]:6B<624356@ 3./.3</A6 A8
253H8<8 :;o6256 ./A8 oA8 782803A6 567/2 616BA:8= /926A23 2/C85 2/ 8<; E1/26A; 3 6=3A;56A6
5672; 28<; F:6B<62435;D +3 78E:3280A3A6 A8=6 7/ 06 0A<8:3 A/5 H/80 28<6 0<3560A3D

K/.= 3013A6 8 0<8= r3<8A; ; E801567256 98732;!7<356 3 <3756q6A6 7/ 56 A; C318 E6:387/ B/7 0A6 3 <3
0/= 3 C313 ; 56728= 26<56:8</A28= H/80; 0<3560A3D M313 0A6 ; 56728= H/80; B87 7828o625/
871;B/ 8 A8=6 B8 0A6 <3@ 9756 r613A6 7/ r3<3A6@ 0 B3= r613A6 7/ 0A;E3A6 ; C:/B@ 7/ 13 r613A6 7/
80A/26A6 ; C:/B; 313 26@ 7/ 13 r613A6 7/ 3= /A6 7356A6 313 26@ 7/ 13 r613A6 7/ 2/0A/<3A6 0 A3= 7/
C;76A6 :873A615 3 =2896 7:;96 0A</:3D

#C:/A3A6 E/r25; 2/ </o6 7:;oA<8 3 8056A3A6 B/B8 06 A6= 6153 2/ B853= / 0; 15;73 ./028</13 0<856
r3<8A6 E81/B8 E:6A</:/5; ; B:oD #28 918C/128 0H</A/256 8<6 :6/1280A3 58o =/18 E/ q6 C3A3 0A</:
E:8o180A3D '3 A6=6153 0/7/ B13.6 / ; 8<3= <:6=623=/ 58 o ;<356B 3=/ 3 823H B853 230; ; 0A/25; 7/
E:3=56A6 A8 B13.3oA6D $/5</r2353 :/.189 ./ E85/<; A89 B13.3oA/ 56 A/5 oA8 28<6 32F8:= /4356 E80A/5;
0/7/ 780A;E26@ oA8 6323 826 0A/:6 32F8:= /4356 /:H/3623= 3 8:82;13= / <3 0A6 A3 B853 0A6 ./ A8
./01;r23D '/B8 0A6 <3 ; 87:6p628= 0A6E62; 8798<8:23 ./ 0<85; 6<81;435; B:8. 0<6 A8 3 7/
E80A/26A6 </o/ <1/0A3A/ 320E3:/435/ N 7/ C;76A6 567/2 r3< E:3= 56: ./ 7:;96D

+3 E:6;.3= /A6 2/ 06C6 5672; <68= / /BA3<2; ;189;D ?80A856 =2893 B853 B/r;@ O#H@ 26@ 6<8
781/.3 0<56A180Aak ./A8 oA8 56 0<56A180A E8.2/A/ E8 A8= 6 oA8 =35625/ 0</B; <3C:/4382;
F:6B<62435; 2/ B85; 2/3p6D %<56A180A 2803 32F8:= /435;@ / 32F8:=/435/ E:8o3:;56 030A6= 6 A/B8 7/
0A/:3 030A6=3 26 = 89; <3o6 8E0A/A3D '/B8@ B/B8 06 0<56A180A B:6q6 3 ;23oA/</@ 82/ 30A8 A/B8 :/p/
28<6 030A6= 6 ;. E8=8q 8289/ oA8 80A/<15/ 3./ 06C6D $8<3 :67 06 F8:= 3:/D

$6B3=/ 87 </0 26q6 C3A3 1/B8 7/ =3016 8 06C3 B/8 8 :/./:/63=/ ./A8 oA8 56 ; </o6= 030A6=;
<56:8</25/ <6q 5/028 3.9:/p62 0A/< 8 :/./:/25;D '8 56 0/= 8 5672/ E/:/739= / 3 /B8 06 C;76A6
./91/<313 ; A/B<3= <3C:/435/= / 3 26 :/.C356A6 A/B<6 37656@ 827/ q6A6 80A/A3 ./:8C15623 3
89:/236623 ; 78r3<15/</25; :6/1280A3D "/@ <3 0A6 :/./:/63D +3 :/./:/A6 826 030A6= 6 9756 OA3=
=:/B/P 3 3928:/2A280A E:6<1/7/</5;D

%<56A180A ;1/.3 ; 0<6 A/B<6 030A6=6 3 :/./:/ 3H@ / 0/= 78r3<15/5 ;23oA625/ 56 :61/A3</2 ; 87280;
2/ A8 B813B8 6<:0A8 3 B813B8 </A:628 06 0<3560A 7:r/1/ 8289/ oA8 06 ;23oA/</D

L8 q6 </0 3.C/<15/A3 2/E8156 B/7 03A;/435/ E80A/26 B:3A362/^ , 756 56 0E/031/6B3 A3= ^ '8 0A6 <3D "/
C3 78o18 78 8<6 A:/20F8:= /4356 <3 =8:/A6 B8:30A3A3 0<6 oA8 3= /A6 2/ :/0E81/9/25;D ?80A853 3 5672/
26<56:8</A28 <613B/ E8= 8q 3. 0</B85/B3H 7:;93H 8C1/0A3j =6p;A3=@ 0<6 A8 ./<303 87 </0@ / 26
87 2/0D +3 q6A6 = 8:/A3 7/ E:8= 35623A6 F:6B<62435; 567280A/<28 ;. E8= 8q 0<89 ./1/9/25/@
871;6280A3 3 02/96 </o6 <8156D

#AB:35A6 oA/ 0A6 <3 ; 0<8= F3.36B8= A3561;@ A8 56 5672/ </o/ 30E80A/</ = 8q3 8<756D Q63A6 B/B8 7/
;E:/<15/A6 253= 6 3 B8:30A3A6 9/ 3 B/B8 7/ E80A/26A6 56728 0 253= D $ 806q3 0<56A180A ;2;A/: 0<89
A3561/@ <3 782803A6 A; F:6B<62435; 2/ 8<; E1/26A; / A/ F:6<62435/ 56 32F8:=/435/D '/ F:6B<62435/
0<56A180A3 0/7:r3 ; 06C3 30A8:35; </o69 3762A3A6A/ 3 30A8:35; </o6 E806C26 0<3560A3D L/8 oA8 0=8
:6B13@ A/ 0<3560A 56 C31/ :/.C/4/2/ 3. </o6 C/.6 E87/A/B/ 313 q61350B6 0A:;BA;:6 ./A8 oA8 823 B853
0; 78o13 8</= 8 7/ E80A/2; </o3 C898<3 26 C3 =8913 7/ </0 B82A:813o; B/7 C3 <3 3= /13 30A6
0E808C280A3 B/8 3 823D

'/B8 0; 823 2/ </= / 0E:8<613 C389626A36B6 6B0E6:3=62A6 3 78<613 78 </o6 = ;A/4356@ oA8 56
B/02356 2/.</28 ! O?/7P U-7/= 8< tE/7u 313 t30A56:3</256u 3. :/5/@ E:3=D E:6<DZD '8 56 <:356=6 B/7/
56 3928:/2A280A 15;70B6 <:0A6 E8661/ 7/ E:68<1/7/</D #23 0; 3.<613 =2898 :/.1363A3H
6B0E6:3=62/A/@ B853 0; ;013567313 A8B8= 567289 7;r69 <:6= 620B89 E6:387/D

%<56A180A E87:/.;= 356</ 0B;E15/256 0<69/ 8289/ oA8 56 C318 :/.C/4/28@ / 7/ C3 8C/<313 A/5
./7/A/B 0<6 oA8 <3 A:6C/ 7/ :/73A6 A8 56 7/ C3<0A<;56A6D L/7/ <3 567280A/<28 560A6 3 B/7 06
:/.<35/A6 3 E;oA/A6 7/ </o 13623 r3<8A 30A320B3 6<81;3:/@ 0H</A3A6 A8 7/ 3 0<3 7:;93 E:3E/72343
0<56A180A3 6<81;3:/5; 30A8 B/8 3 <3D +3 o/156A6 0<85; A616E/A0B; E8:;B; 7/ 0A6 E:30;A23 8<756@ 30A8
B/8 oA8 3 =3 ;<356B B/r6= 8 </= /@ k>3 0=8 8<756Dk > 3 0= 8 A/B8p6 E:3E/72343 ?8:87346 %<56A180A3
3 =3 2803= 8 32F8:= /4356 0/ 08C8= 3 E80<;7/ 3H 6= 3A;56= 8D

?8A:6C28 56 7/ 0</B8 87 </0 30E3A/ 9:/2346 B856 56 E80A/<38 8B8 06C6D +3 <56:;56A6 7/ 0A6
6<81;3:/13@ 7/ 3= /A6 5672; o3:; 013B; 3 7/ <373A6 = 2896 0A</:3D Q 87280; 2/ 828 87/B16 0A6
B:62;13@ <3 0A</:28 560A6 ;.2/E:678</13D >6p;A3=@ = 3 </= 9/:/2A;56=8 7/ 26 <373A6 9:/2346
B856 0A6 A:62;A28 0/= 3 ./ 06C6 E80A/<313@ B856 58o ;<356B 76F323o; 828 oA/ <3 <56:;56A6 7/
=8r6A6 ;:/73A3 / 0A/ 26 =8r6A6D #26 E:670A/<15/5; 828 oA8 </0 <6r6 ./ 8<; <6:.35; F:6B<624356
:6/1280A3D

'6 9:/2346 B856 0A6 06C3 E80A/<313@ B856 :6B1/= 3:/A6 3 E:891/o/</A6@ 0E:66/</5; </0 7/ 06
B:6q6A6 ; 0B1/7; 0/ 32F8:= /435/= / B856 06 C;76 ;2;A/: </0 0/=3HD '6 32F8:=/4356 0; 738 </o69
7;H8<289 ;.73./25/D K/.1363A3 01856<3 :6/1280A3 06 870A:/25;5; A/B8 7/ <3 E80A/56A6 0<6 <3o6 ;
H/:=82353 0/ 8C1/oq; 7;H/D '8 56 828 oA8 E87:/.;= 356</ 7;H8<23 2/E:67/BD >3 r613= 8 7/ 06
8018C873A6 0<853H 89:/236625/ 3 E:60A/26A6 oA3A3A3 0</B3 /0E6BA 0<89 r3<8A/D

$8o6256 %<56A180A3 56 567/2 <6136/20A<62 ./7/A/BD

L/7 56728= 78.<813A6 0<56A180A3 7/ ;p6 ; </o6 A35618@ 827/ q6A6 ./E866A3 E:8460 0<89
=35625/25/ N oA8 2356 ;<356B E8<6./28 0/ :/78oq;@ ;r3</256= 3 ./C/<8= @ B/8 oA8 0; A8 26B3 87
</0 <6q E:3=56A313D Q A8= E:8460;@ B/7 0A</:3 230; A813B8 <60616@ E:</ 0A</: B85; = 8r6A6
2/E:/<3A3 7/ 0E:35663A6 0<85; 6<81;435; 56 A/ 7/ 06 30E;23A6 0A:/H8= B/8 8798<8:8= 2/
6= 84382/12/ .C3</25/D +3 q6A6 = 8r7/ 8EA;r3</A3 26B89/ 7:;989@ B;B/A3 3 r/13A3 06@ / = 8r7/ q6A6
8056q/A3 313 <56:8</A3 7/ </= 56 26B8 26oA8 2/E:/<38D

#0A/A/B E1/26A6 <56:;56 A/B8@ /13 823 230; E:3E/72343 ?8:87346 %<56A180A3D #<756 E80A856 = 313823
E:3E/723B/ ?8:87346 %<56A180A3@ 2/:/<28@ 0<56A180A 06 <:/q/ 2/ 8<; E1/26A; 9756 0; tJ:23
":608<3u C313 2/ <1/0A3 <68=/ 7;98 <:6= 62/D '3 J:23 ":608<3 H:/2313 0; 06 </o3= 6= 8435/= /
0A:/H/ 3 269/A3<280A3@ :/A8<3= / 3 E8H16E8= j 0<6 56 A8 78.<815628 ./A8 oA8 56 8<8 ;23<6:.;=
018C8726 <8156D ?:3=/:23 %A<8:3A615 56 A3= = :/B/ 30A8 B/8 oA8 56 82 3 ?8:8734/ %<56A180A3D
?:3=/:23 %A<8:3A615 56 ! 0<6 0A</:3D

>3 </0 E87;6/</= 8 ;. E8=8q E:36/D *67289 7/2/@ <56:8</A28@ <3 q6A6 E:89167/A3 B:8. 8<6
E:366 B856 </= E:36/=8D +/=/ 826 827/ 26q6 <3o6 C3A3 E8A:6C26 56: q6A6 <3 A/7/ C3A3 ; 0A/25;
7/ :/.C356A6 E/:/739=6 3 E80A/26A6 0<56023 <6q3H :6/1280A3D %<6 78 A89 7/2/@ = 3 q6= 8 </= 06
8C:/6/A3 ;. E8= 8q E:36/@ A/B8 7/ = 8r6= 8 87:r/</A3 </o; E/r25; 3 2/=/= 3A3 </0 7/ 376A6 ;
E87:;65/ 87 B853H 06 ;r/0/</A6 N ; E87:;65/ ./ B85/ 0A6 06 ./:6B13 ; 2/57;C153= 735618<3= /
</o6 7;o6 7/ q6A6 E;A8</A3D

Q B:/AB8= <:6= 620B8= E6:387; C3q6 <68=/ E8A:6C28 A8 7/ 06 0H</A3 B853 0; 15;73 0A</:28
(;</:3 ]:6B<624356@ / B853 0/= 8 E:36/5; 8 A8=6D (;</:3 F:6B<624356 q6 C3A3 E8.</23 7/ 0A<8:6
5672; 87:6p62; 0A/C31280A 2/ 8<85 E1/26A3@ ./A8 oA8 823 435618 <:356= 6 .2/5; 7/ 0; 823 A3 B853
0A</:/5; 0<85; :6/1280AD #23 ;66 B/B8 7/ E:B806 ./B823= / 68<566/20A</ ;. E8=8q 567289
0<560289 ;E:/<15/25/ 253H8<8= 0<56028oq; 3 626:9358= D '8 56 7;C32/ C60E:356B8:280A3 3
871;6280A3 8 B8585 =3 98<8:3=8D

>3 230= 8 8<756 7/ </= 735613= 8 B8=E13= 62A6 313 7/ </0 2/<873= 8 7/ 06 8056q/A6 ./78<81523=
0/= 3= 08C8=D >3 0=8 8<756 7/ </0 E87056A3=8 2/ A8 B8 0A6 <3 3 2/ 828 oA8 0A6 06 E:3H</A313 7/
80A</:3A6 2/ 8<85 E1/26A3D >3 0= 8 8<756 7/ </= E:;r3=8 E87:oB; 3 7/ </0 8H:/C:3=8 7/ 06
056A3A6 N 7/ </= 7/= 8 87:6p62/ ;E;A0A</ 3 E8= 8q A/B8 7/ <3 0/=3 ./ 06C6 =8r6A6 8AB:3A3 6;7/
B85/ </0 3066B3</5; ; </o6= 15;70B8= A3561;D

$/632 2/ B8569 <3 2/5C8156 =8r6A6 F;2B438230/A3 ; 8<8 <:356=6 56 7/ E80A/26A6 6;</: 0<856
<1/0A3A6 F:6B<624356 / 26 7/ 06 = ;</A6 ;2/8B818 E8B;o/</5;q3 7/ O0E/o/</A6P 0</B89/ 7:;989D
Q6323A6 0<6 oA8 56 ; </o85 =8q3 7/ 7:r3A6 06C6 0A/128 0<56023= 3 7/ :/.;=356A6 oA/ 06 76o/</D
M;73A6 780156723 0/ F:6B<624358= 0<56A180A3 B85/ </= 782803 32F8:=/4356 3 0/ F:6B<624358=
15;C/<3@ B85/ 56 F:6B<62435/ B:6/4356D

L/7 06 3.<8: H:/26 ;0B:/A3 M898<3= /!%A<8:3A6153= /@ <3C:/4382/ 89:/7/ q6 06 E:8C;o3A3 /

G6=1532/ 626:96A0B/ =:6r/ q6 06 E:8= 35623A3D Q 0A</:280A3@ G6= 15/ E:81/.3 B:8. 567/2 E:8460
0<856 323435/4356D G6= 15/ 06 C:326 8 0<3= 0<853= 0A/28<2343=/ 3 6<81;3:/ 78B 25628 0A/28<23oA<8
6<81;3:/ E:6=/ 567285 69.30A624353 ; B8585 q6 <6q6 = 89;q280A3 C3A3 0</B8726<2/ E85/</ N ;
B8585 q6 6;7/ E80A/A3 2/632 r3<8A/ ./A8 oA8 q6 82/ E80A85/A3 ;2;A/: F:6B6<624356 B85/ q6 C3A3
780A;E2/D

%</B8 87 </0 E8= /r6 ; 8r3<15/</25; A6 F:6B<624356 2/ 8<85 E1/26A3 r3<6q3 0<85 r3<8A E:6=/
0<56A180A3 3 E:6= / 828= 6 oA8 <3 .2/A6D '8 56 E80/8 3273<37;/126 E:3:876D +3 =8.6A6 :/73A3 ;
9:;E/=/ 3 3= /A3 87:6p626 1376:6@ /13 <3 =8:/A6 B/8 3273<37;6 :/.<3A3 0/= 3 06C6D "8B <3 A8 :/73A6
3 78B 0A6 <8p623 0<858= 0<56A18oq; 7/ r3<3A6 2/ 87:6p623 2/632@ A8 q6 </0 E866A3 3 ;.C;p3</A3D

+3 26 =8:/A6 0A/128 7/ :/73A6 0 2/=/ 23A3 C318 B3= 7/ C3 0B;E15/13 32F8:=/4356D *67323 B82A32;3A6A
B853 56 E8A:6C/2 56 7/ 26E:60A/28 :/73A6 0/ 0/=3= 08C8= 3 A:/r3A6 .2/66256 8289/ oA8 =3
2/.3</=8 O;.<3o628 */PD #056A3A6 oA/ A8 O;.<3o628 5/P .2/63 ! 828 56 E8C567236B8@ 018C8728 3
:/78028 B87 E80A392;q/ 3 2/5<6q6 56 B87 780A392;q/D

#<85 E1/26A3 0; 86/528 E8A:6C23 871;623 62A3A6A3 B853 06 2/1/.6 ; E8A:/.3 ./ ;.<3o623= 5/D
L82A32;3:/280A 8 B858= 98<8:3= 8 N B85; q6A6 = 8:/A3 80A</:3A3 ; 0<853= r3<8A3=/ N
E87:/.;=356</ 56728 .2/256 ; 0</B8= =8=62A; ;2;A/: </o69 C3q/@ 7/ 0A6 <3 871;623 ; A8=6
7/ 8AB:356A6 A; 0<85; 69./1A/435; 313 ;.<3o628 5/D '/ 69./1A/435/ =8r6 C3A3 :35663=/ E:6<6762/
B/8 F:6B<62435/ 313 A/1/0 8056q/25/ 313 <3C:/435/D

%<3 <3 :/.;=356A6 <3C:/4356 ;. E8=8q E85= 8</ 0<56A180A 3 .<;BD +3C:/4356 0; 0A/126 N 826 2806 3
E:62806 8C13B6 32A6139624356D L/7/ 0A6 8B:62;A3 E:6= / 06C3 26 ./C8:/<15/5;q3 7/ H87/A6 A3=
E;A6= N 3 26E:60A/28 E87056q/A6 06C6 2/ A8 7/ ;<1/63A6 0<56A180A ; 0<856 A35618 3 A6r3A6 A8=6 7/
E873926A6 F:6B<62435; 0<89 <1/0A3A89 A3561/@ E:B803A6 ./B823=/ 68<566/20A</ 3 = 35625/A6
F:6B<62435; 8<6 E1/26A6 ! <3 827/ 0A</:/A6 5672; <:0A; B82A32;3A6A/ B85/ =8 r6 ;6323A3 <3o6 2698
0<6 B25396@ /;738 3 <3768 B/06A6 2/ 8<8= 0<356A;D

$6 E80A853 23oA/ 5/66 87 </o6 E:3<:r6280A3 </o6= ;.<3o628= 5/D L/7 06 56728= E80<6A3A6
626:9353 0<56A180A3@ 626:9353 ;.<3o6280A3 3 <308B3= F:6B<62435/= /@ <3 E80A/56A6 8C3156r623D #27/
=8:/A6 r3<56A3 ; 0B1/7; 0 A3= oA/ A6 626:9356 782806 E:67 </0 B/7 A6r3A6 A8=6 7/ 06 30E;256256
</o3H ./7/A/B/ ;C:./D

?:<8 3 2/5</r2356@ r3<3A6 0<85; 0<56A180AD v3<3A6 0 H:/C:8oq; A; 0<56A180A ;2;A/: 06C6D $6=85A6
r3<56A3 ; E1/B/:; ! r3<3A6 25;D ,8<8:3A6 8 828= 6 oA8 .2/A6 C6. ;0E325/25/ 2/ A:3C326 3 C6.
=/H/25/ :;B/=/ B/8 26B3 F/2/A3BD *67280A/<28 A<:73A6@ O'8 56 828 oA8 5/ <56:;56= D '8 56 828
oA8 5/ r3<3= DP $/ E:3=56:@ 26B8 </= =8r6 :6q3@ OM;73 E/r153<@ = 89/8 C3 06 E:6H1/73A3PD +3 = ;
=8r6A6 827/ ;.<:/A3A3@ O*/ 26 <56:;56= 7/ 06 = 89; E:6H1/73A3D */ 26 B8:30A3= 0<856 A35618 ./
C8160A3DP ,8<8:6q3 A/B<6 0A</:3@ <3 q6A6 A/B8 E866A3 C;73A3 3 7:;96 15;76D ,8<8:3A6 8 828= 6 oA8
.2/A6 ; 26F8:=/123= :/.98<8:3=/ 0/ 61/28<3=/ </o6 E8:87346 3 E:35/A6153= /D

,756 987 7/ 06 ./7603A6@ B8:30A3A6 A/5 0A;C 0<56A180A3D >3 </= E:6E8:;6;56= 8 7/ 0</B8 87 </0
./= 3013 567/2 0A;C 0<56A180A3 B/B8 ;1/.3 ; </0 B:8. <:H 91/<6@ 8A</:/5;q3 </o; B:;20B; 6/B:; 3
30E;25/</5;q3 </o6 A35618 0/ 0<56A18oq;D G/= 3013A6 A/5 B80=36B3 0A;C 0<56A180A3 B/B8 781/.3 3.
7;C32/ B80=80/@ 30E;25/</ </0@ / 827/ 3.1/.3 2/E8156 B:8. 081/:23 E16B0;0 3 0A</:/ B:;9 87
0<56A180A3 8B8 </o69 A3561/@ A/B8 7/ <3 69.30A3:/A6 ;2;A/: 567289 C156oA/<89 6A6:36289 5/56A/D

L/7 <813A6 06C6 3 G6= 15; 3 B/7/ .2/A6 7/ 0A6 8<756 B/B8 C3 :6!76F3230/13@ :6!73./523:/13 3 18= 313
9:/2346 68<566/20A</@ <3 6= 3A;56A6 A8D +3 r3<3A6 r3<8A B853 56 E80<6q62 A8= 6D QB813B8 C3 <3 2/0
E3A/13 B813B8 </o69 <:6= 62/ A:6C/A6 E80<6q3</A3 A8=6@ = 3 C3 :6B13@ O?/@ A8 56 <68= /
567280A/<28\ 435618 <:356= 6Dk J 35618 <:356=6D '8 2356 26oA8 ; <6.3 669/ A:6C/ 7/ 06 C:326A6@ A8
56 26oA8 oA8 <3 567280A/<28 560A6D +3 A8 r3<3A6 N A8 56 </o/ 0<6A325/D +3756q6A6 B/7 C;76A6 r3<5613
0<85; 0<56A180A@ <3 q6A6 E:3<;q3 06C3 7:;96 B853 0; ./32A6:608</23 7/ r3<6 0<856 r3<8A6 2/ 30A3
2/632 3 </o C:85 q6 0A/128 :/0A3D

L/7 06 871;63A6 2/ A8 3 B/r6A6@ k";H8<23 %<356A6@ 5/ r613= 7/ = 6 A3 ./E8013oD ?8o/153 = 6 2/

E80/8 3 E8B/r3 =3 oA/ =89; ;6323A3D " /5 =3 E:313B; 7/ r3<3= 0<85; 0<56A180A@ 7/ B/r6= 0<85;
30A32;@ 7/ 2803= A; 0<56A180A 8B8 8<6 E1/26A6@k 827/ q6 </0 ";H :/0E8:673A3 2/ E80/8D M;73A6
5/023 ; 828= 6 oA/ r613A6 7/ :/73A6@ B/7 E:/<3A6 ;98<8: 0 " ;H8=D L/r3A6 ";H; oA/ r613A6 7/
78C356A6 ./;.<:/AD ";H q6 </= 78.<813A3 7/ 06 E89/p/A6 A/B8 7/ = 8r6A6 2/E30/A3 B/B/< 987
;98<8: r613A6 0<6 78B 0A6 8:3562A30/23 2/ A8 7/ :/73A6 2/ 06C3 ; 0=301; E873./25/ </o3H <3C:/435/D

L/7/ 06 E80<6q;56A6 :/7; 2/ 06C3 3 B/7/ 0A6 871;623 ; A8=6 7/ 06 E:8=35623A6 3 6<81;3:/A6@ <3
q6A6 ;.73q3 3 0<6 826 8B8 </0D '8 56 A8 01;r6256D %1;r6256 7:;93= / 26 E87:/.;= 356</ 7/ 3./p6A6
2/E8156@ r:A<;56A6 06 3 98<8:3A6@ O*/ q; </0 0E/03A3DP %1;r6256 56 E87;.3= /256 :/7/ 2/ 06C3 3
r3<56q3 2/ A/5 2/632@ <3 q6A6 ;A34/A3 2/ 0</B89/ 0 B3= C;76A6 ; B82A/BA; 2/ A8= 0<8= E;A;D

$6=/ 23oA/ 18o6 ; A8=6 /B8 0 ";H8= C;76A6 = /18 2/E:/03A3 3 B/r6A6@ k(;5A6 = 8=43@ = 623 56
780A/D */ 87 </0 A8 A:/r3= 3 r613= A8 7/ ;6323=D >813= @ 5/ r613= ;C:./256Dk QB813B8 r613A6
;C:./256@ C;73A6 5/023@ C;73A6 0E:6= 23 ./ ;.1356A/256 3 C;73A6 8A<8:623 E:6=/ 63A/25; 0392/1/
B/7 06 823 E85/<6 E:67 </= /D

L/7 26B/ B2539/ E/726 0 E81346@ E:863A/5A6 56D L/7 06 E85/<3 E:313B/ 7/ 876A6 269756@ 26= 85A6
:6q3 N r/8 = 3 56@ 5/ A8 06C3 26 =89; E:3;oA3A3DP Q6323A6 A8D L/7/ </= 06 26B/ 808C/ 2/p6 2/
E;A;@ B/7 06C3 B/r6A6 7/ r613A6 7/ ;0E80A/<3A6 26B; <6.;@ =6p;A3=@ A/ 808C/ 3=/ E89:6o2;
/=C/1/r;@ ;6323A6 A8D ?82/o/A6 06 C60= 301628@ / A6 0A</:3 0; =8r7/ 2/632 2/ B853 </= ";H
8=89;q/</ 7/ :/.C356A6 ;0A/15626 o/C1826D QB8138 0A6 5/023 3 B8=;2343:/A6 ; 0</B85 03A;/4353@ <3
E:/<3A6 <613B3 2/E:67/BD

+3 E:6<3o6 :/.=3o15/A6 8 A8=6 B/B8 06 0A</:3 A:6C/5; 789/p/A3 3 ; B/B8 A:6C/5; 7/ C;7;
./E/B8</26D '8 56 C3A28 7/ 0H</A3A6D '/B8@ B/7 ./A:/r3A6 ;C:./256@ C;73A6 0E:6= 23 7/
E:3H</A3A6 E:313B6 ; <6.3 B853H q6 </o 18936B3 ;= =8r7/ 3 <:3oA/A3D )8936B3 ;= q6 06 C;23A3 3 :3A/A3
; <6.3 26B3H 87 A3H 0A</:3 ./A8 oA8 q6 9/ C3A3 0A:/HD L/7 6;56A6 06C6 B/B8 B/r6A6 O*/ 26 = 89; A8
7/ ;6323= P 313 O'8 26= / 23B/B<89 0= 301/@P 01;o/5A6D

#<8 0; B15;626 :35663D *67280A/<28 :643A6@ O5/ 0/= <8p62 87 0A:/26 C8r/20B6 0316D */ r613=
;C:./256 ; =8= :/.<85;D $/= 56:/</= 7/ :/73= 0 56723= E8<6q/23= B/E/43A6A8= 3 30B8:30A3q;
8<; E:313B; ; <6.3 A89/D '8 =3 7/56 567/2 1356E 8056q/5@ A/B8 7/ q; A8 ;6323A3DP >6p;A3=@ ;B813B8
; <6.3 26669/ 3= /A6 567/2 18o 8056q/5 3 ;B813B8 </= A8 26=/ 23B/B<89 0=301/@ 827/ 26= 85A6
A8 :/73A3D +56:;5A6 0<853= 8056q/53= /D

%/7/ 06 ;E;q;56 567/2 E8.3< ! E8.3</5; 06 823 B853 0; 3./C:/23D sA/ A8 .2/63 C3A3 2/.</2
O3./C:/23B8= P^ #23 B853 06 8B;E15/5; B/7 = 3 E:36/=8 3 823 B853 6;5; .<;B8<6 253H8<6
;2;A:/o256 E560=6@ A8 0; 3./C:/2343D %/= 8 ./A8 oA8 0A6 3./C:/23 26 .2/63 /;A8=/A0B3 7/ q6A6 06
78C3A3 <308B3 632 3 30E;25/</A3 ./7/AB6 B853 06 A:6C/5; ;:/73A3D L8 </0 56 3./C:/8^ +3 0A6 3./C:/13
0/= 3 06C6D

+3 230A6 61/28<3 26B89 6B01;.3<289 B1;C/@ =6p;A3=@ ; 7:;9; :;B;@ 560A6D (1/20A<8 ; 8<8=
B1;C; 56 78C:8<81528@ 3 0</B3 87 </0 56 871;638 A8 ! B8 82 r613 7/ E80A/26 3 ./oA8 56 A:6C/8 7/
78p6 8</=8D >3 26 =8r6= 8 78<81528 2/91/03A3 A8 7/ q6 H:/C:80A E80A/A3 </o6 7:;98 3= 6@ ./
0</B89/ 87 </0 E82/808CD

>2893 87 </0 r3<3A6 ./A<8:626 r3<8A6D $6 r613A6 7/A3 0</B8= 6 2/ .2/256 B/B</ 0; </o/ 32A3=2/
<56:8</25/D >8r6A6 06 8056q/A3 039;:28 B/7 ; 26B85 E:80A8:353 730B;A;56A6 :/.26 A6= 6@ 87 B853H
26B6 =89; C3A3 3.</2 28:= /123H 9:/234/@ /13 2/ </o6= :/728= = 560A; 313 0 </o8= E8:87348= 313
26B3= 7:;93=@ <3 0A/<3A6 :/50F6:o1;0 E:6B8 0<853H ;0A/ 3 26 78.<815/</A6 03 7/ E:36/A6 8 </o3=
30A32/=/D

?80A853 =/0/ 15;73 6353 B878<3 66B/5; 2/ A8 7/ 6;5; </o 91/0D '/B8 06 ; 8<8 <:356=6 E8.3</ </0@
3./C:/23B6D +3 0A6 C313 3./C:/23 .C89 H:/C:80A3D QB813B8 0/7/ 26 = 8r6A6 0B;E3A3 0<85; H:/C:80A@
230= 8 039;:23 7/ q6A6 C3A3 ; 0A/25; 7/ 56 0B;E3A6 B/02356D

%</B3 87 </0 56 78o/8 2/ 8<; E1/26A; 7/ 8C/<3 567/2 ./7/A/B 3 A/5 ./7/A/B 56 0/7/ ; </o3=
:;B/= /D #2 560A6 0/7/D "6B/7/ E:8= 562/ 2/1/.3 06 30E:67 </0 3 B/B8 06 <3 32A69:3:/A6 3
0H</A/A6 oA/ A/ E:8=562/ E87:/.;=356</@ A8 q6 = 35625/A3 r3<8A 0</B89/ 87 </0D '/ E:8= 562/
E87:/.;=356</ 87:34/256 87 =2893H 0A</:3 3 .C13r/</256 0 26B3= 7:;93= 0A</:3= /@ ./A8 oA8 q6A6
3= <56:8</A3D ?8<56:6256 56 :3566 B85; C3 =2893 87 </0 HA5613 7/ 3=/5; B/8 0<856 7:;98 3= 6@ /
3E/B@ E8<56:6256 56 26oA8 ./ oA/ 0<3 <3 B/r6A6 7/ 26= /A6D

sA/ .2/63 A8 <56:8</A3^ '8 .2/63 3= /A3 56728 A/B<8 ;2;A/:256 .2/256 7/ </o6 = 3013 0A</:/5; </o
0<356A N 567280A/<28@ C3A3 E:313628 039;:/2@ 0/ 56728= C8r/20B8= 282!o/1/2A28oq; 3 ;2;A/:253=
.2/256= @ 7/ /B8 =3013A6 26oA8@ A8 560A6D '8 56 A/ A6= / B85; </= 26E:60A/28 E8B;o/</= 8
E:670A/<3A3@ 0/ 0<8= 02/98= 3 2/ 0</B3 = 89;q3 3.:/r/523 2/632@ A/B8 7/ C3 0A6 567289 87 8<3H
7/2/ <3 A8 =8913 0H</A3A3D *6728= B/7 A8 0H</A3A6 3 E8626A6 A8 7/ r3<3A6@ <3 q6A6 E866A3 =35625/A3
0<856 r3<8A6D

>3 0A/128 2/91/o/</= 8 7/ 56 <:356= 6 ./ E8B:6A 0/7/D '8 26 = 8:/ 8C/<6.28 7/ .2/63 7/ </= 56
30A6B18 <:356= 6D K/73 06 8 A8= 6 7/ 06 <:356= 6 E863256 7/ 0B;E15/ 2/ </=/@ 3 /B8 26 C;76A6
75618</13@ 827/ = 8r6 78q3 78 26B3H 26;987280A3D

L/8 oA8 0=8 :6B13@ 0/7/ 06 E8.3</5; 3./C:/2343D +3 0A6 3./C:/13 0/=3 06C6j 87/A16@ ;B813B8 26
E8626A6 :/73A3 2/ E1/2; B8569 0A6 0/= 3 ./ 06C6 E:3E:6= 313@ ; 87:6p6285 = 56:3 =8r6A6 80A/A3 C6.
78<81528 <:6= 62/D +3 3=/A6 58o E/: 98732/ E:356 2698 oA8 0A</:3 E80A/2; A/B8 2/8E/B6 7/
;B813B8 26 C;76A6 r3<5613 0<85 r3<8A ; 30A320B85 6=32624353 0<56A180A3 ./ B85; 0A6 06 E:35/<313 B/8
<8182A6:3@ =8918 C3 C3A3 E:6B/028D

":;93= :35663=/@ ;B813B8 C;76A6 8B1356</13 3 8B1356</13@ =8r6 06 7603A3 7/ 06 2/p6A6 ./C35623= ;
728@ E87 7650A<8= 2/31/.6q69 A/1/0/ ! =8r7/ 3 C;B</128D

M6. 8C.3:/ 2/ 0A</:3 ; B853= / 0A6 C313 2/<67623 7/ ;660A<;56A6@ A8 56 C38 738 567289 </o69
E1/2/ B/B8 C3 = 8913 6<81;3:/A3D - B/7 <3 6<81;3:/A6@ <3 ;A5666A6 2/ 6<81;435; 8<6 E1/26A6D %<6
oA8 <3 :/73A6 56 ./ </o; 6<81;435;D L/B8 C;76A6 0E8.2/</13 B8 0; 15;70B/ C3q/ 3 B/B<8 56 8<8
=560A8@ <3 q6A6 E866A3 7/ 8A</:/A6 28<6 E;A6<6 3 ./ 7:;96D

+3756q6A6 B/B8 q6 789/p/53 B856 230A6 C313 ; 0A/25; 23 ./= 3013A3 C3A3 26B/B8 0/0A/<15623 30E:67
</0D '8 q6 C3A3 0A</:3 B856 06 2/1/.6 3.</2 8289/ B/B8 56 OE876o628P </o6 :/.;= 356</256@ B/B8
3H =3 <813= 8 2/.3</A3 313 E:313B6 8 B853=/ 23B/7/ 230A6 23 E8= 3o15/13D '8 56 828 B/7/ q6A6 0E8.2/A3
7/ r3<3A6 0<85; 0<56A180A 3 7/ A8 6323A6 0 H:/C:8oq;D

?80A853 <613B/ <56:8</A28q/ 7/ q6 2803843 0<56A180A3 78q3 ; E3A/256 ; 37;q3H 26B813B8 98732/D
%H</A3A6 7/ 56 A8 738 E1/2/D %<3 <3 =8:/A6 3=/A3 5/02; 2/=56:; B/B8 r613A6 7/ </o/ :6/1280A
C;76 73./523:/2/D '8 26 .2/63 7/ <3 230A6 F16B03C3123j A8 .2/63 7/ <3 7561;56A6 0 5/023=
2/=56:/= /D

K643A6@ k#C:/q/= 06 =853= <87363=/ 3 0<3= 823= / B853 = 3 E8=/r; 2/ =8= 6<81;A3<28= E;A;
2/ G6=153\ >85/ 56 2/=56:/ 7/ C;76= ;0E56o/2D >85/ 56 2/= 56:/ 7/ C;76= ;<356B C6.C567/2
B/7 :/73= 0<6 0A</:3D >85/ 56 2/=56:/ 7/ E:3=/= 15;C/< 3 7/ 7/56= 15;C/< ; 0<3= 0A</:3= /
B856 :/73= D >85/ 56 2/= 56:/ 7/ 06 1356E8 8056q/= 3 7/ 0/= 8C6.C56p62 E:80E6:3A6A8= ; 0B1/7;
0 =853= E8A:6C/=/D >85/ 56 2/=56:/ 7/ 26 C;76= E:6<3o6 8C;.6A = /A6:35/123= 0<356A8=Dk
&/B8 <3 = 8:/A6 0/=3 7/ 87:/73A6 E80/8 2/ <1/0A3A85 6<81;4353@ E80A856 =289/ </2!E1/26A/:2/ 3
26F3.36B/ C3q/ B85/ 0; 0E:6= 2/ 7/ :/76 0 </=/D %<6 oA8 56 E8A:6C28 A8 56 7/ 3H E8.8<6A6 7/
</= E8=892;D L/7 A8 6323A6@ ;<356B 5/028 ./HA56</5A6 7/ </= 0</ E8=8q 78 p6 87 0<56A180A3D
(;</5A6 0<85 32A69:3A6A 3 C;73A6 0<56023D

$/ 8<85 E1/26A3 06 E:6AE80A/<15/ 7/ ;B813B8 56 26B8 32A613962A/2 82 30A8<:6=628 = 8:/ C3A3 3

7;H8<28 0<560A/2D '8 56 /E081;A28 E89:6o28a $6B8 =8r6 C3A3 C:315/2A/2 3 2/;63A3 B/B8 7/
E:6</.3p6 15;70B6 ./B826@ / 7/ 06 30A8<:6= 628 26 E82/o/ ; 0B1/7; 0/ F:6B<624358= 0<56A180A3
313 F:6B<624358= 15;C/<3D M;73A6 0<56023 8<89/ 3 C;73A6 5/023 ; <6.3 A89/ B/B<; E8=8q r613A6 7/
03 E:3.8<6A6D

>3 0= 8 <6q =2898 E;A/ E8= 62;13 7/ F:6B<62435/ 0<56A180A3 782803 32F8:=/435;D ]:6B<62435/
15;C/<3 782803 B:6/435; 30A8 B/8 3 E8oA8</256 3 <6.; 0/ 45618B;E28= B:6/4358=D ]:6B<62435/
15;C/<3 C6. F:6B<624356 0<56A180A3 = 8r6 C3A3 <68=/ 80/B/q62/D

QB813B8 0= /A:/A6 7/ F:6B<62435/ 15;C/<3 781/.3 3. 26669/ oA8 56 3.</2 </0 ;= 560A8 3. </0@ 827/
q6A6 :/73A3 828 oA8 06 0A/128 3 26E:60A/28 E82/<15/ 2/ 8<85 E1/26A3\ 8C8r/</q6A6 26B89/ B8
E:8=8<3o6 F:6B<62435; 15;C/<3 B/8 7/ 06 :/73 8 26B8= 0<64;D

&76/128 C3 C318 2803A3 0<56A1802; F:6B<62435; 32F8:= /4356 N E80A/A3 32F8:= 30/2 N / 827/ A8 0E853A3
0/ F:6B<624358= 15;C/<3D

'8 q6 </= 8= 89;q3A3 7/ 06 8056A3A6 735618= B:6/4356@ / 26 7/ 585 0;73A6 313 7/ 56 06 E1/o3A6 3 7/
567280A/<28 <373A6 C8r/20A<6280A 3 E6:F6B435; ; 2585@ 56: 82/ 6<81;3:/ B/B8 C3 8 06C3 ;631/
0</B; ; 06C3 0/7:r/2; 0<3560AD

4(%5-657& :888 ! L85/ 56 </o/ 0<:H/^

K6B13 0= 8 7/ <3 E80A853A6 0 56728= 0<:H8=D L858= 0<:H8=^ "/ 13 0A6 3B/7/ 8 A8= 6 :/.=3o15/13^
L85/ 56 </o/ 0<:H/^

+3 3=/A6 0<85; 0<:H; ./A8 oA8 0; 0<3 /0E6BA3 0<3560A3 E8<6./23 567/2 0 7:;93= D $3oA/ 26 E80A853
3.</2 8<89 030A6=/j 0<6 0; A8 735618<3 56726 4561326D '8 56 A/ 0<:H/ ./ B85; = 3 r613= 8 7/ 56
E8A:/r3A6D %;oA32/ <8.31/ B8569 2/0A/25;56A6 3 626:9356 B85; E:83.<873A6 E87:/.;=356</5; 738
56726 :/.<8526 06B<6246 ./ B85; = 8r6A6 :6q3 7/ 3=/ 0<85; 0<:H; ; </o85 136285 E8A:/.3 ;
r3<8A;D -13 B/B<; 0<:H; <3 E:3787/56A6 4561323^ >8r6A6 13 ./=3013A3 7/ 26B8 7:;93 B8:30A3 </o;
0<:H; 3 :/0A6 ;. E8=8q 256^ *672; 626:935; ./ B85; 26 .2/A6 7/ E80A853^

#</5 ;23<6:.;= 56 30E:6E16A62 2/ 567/2 A/B/< 2/632 B853 56 C/.3:/2 2/ 030A6= ; 78= 32/D %<3
/0E6BA3 0<3560A3 0B;E313 0; 06 ; 8<8= ;23<6:.;= ; B/B8 C3 ;A34/13 567/2 2/ 7:;989/ ./A8 oA8 56 A8
567323 2/632 B/B8 ; 8<8= E806C28= 030A6= ; 0<3560A =8r6 7/ 78r3<15/</ 0/=; 06C6D Q 26B8=
7:;98= 030A6= ; 313 0A:;BA;:3 ;23<6:.;= /@ 0</B/ E806C2/ <:0A/ 0<3560A3 = 8r6 7/ C;76 E8AE;28
018C872/D ":;93= :35663=/@ <3 = 8r6A6 C3A3 0/=3 ./ 06C6 3 26 01;r3A3 0<:H/= / C318 B89/ 7:;989D
'8 26 </r3 ./ 8</5 ;23<6:.;=D

?80A856 = 2893 :/.1363A3 ;23<6:.;= 3 3 A6= 6D &0A8 B/8 oA8 0A8A32; 462A3 6323 567/2 781/:@ 87:6p626
0B;E326 ;23<6:.;= / 8C:/.;5; 26oA8 oA8 56 0B;E2/ 626:935/D $/ B:/5;@ <3 q6A6 E866A3 7/
E:82366A6 ; A8 3 ;<3p/A6 7/ E80A856 435613 030A6=3 E80A85/25/ B853 26= /5; 23669 ./567236B89 0
69.30A624358= 0 B/B<8= 06 <3 C/<3A6D #</5 030A6= 56 0A<8:62 B/8 5672/ .82/ 018C8726 <8156@
;2;A/: B856 56 0<6 30E:6E16A628 3 E:8r6A8 0/ 0<3= 80A/13= D
?80A856 3 7:;96 <:0A6 .82/@ B856 = 8r7/ A/B8p6 = 8r6A6 2/.</A3 .82/= / 018C8726 <8156@ 9756 56
0<6 26./<3028 87 0<69/ 7:;989D #<756 2/ G6= 153@ 0<6 56 30E:6E16A628 0/ 0<3= 80A/13=D Q
030A6=; ; B8= 6 56 0<6 26./<3028 E80A853 = 2898 <3o6 E:80A8:/D &13@ :643= 8@ E80A853 =2898 <3o6
0<560280A3 E:80A8:/ / 26 8C/<6.28 3 0/=89 E:80A8:/D '/ <:0A/ ;23<6:.;=/ = 8r6 ; 0A</:280A3
C3A3 E;28 = /25/ 2698 8</5 ;23<6:.;=@ = 6p;A3=@ 0 8C.3:8= 7/ 82/ 8E6:3o6 3. 56726 <6q6
9;0A326@ 0<560280A E:80A8:/ = 8r6 C3A3 <6q/D
+/o/ 0<:H/ 56 7/ 2803A6 32F8:= /435; 3 7/ 2806q3 56@ ;6323A6 A; 32F8:=/435; 780A;E28= 7:;93=/
;. E8=8q F:6B<624356D L/7 =3 E8735613= 8 26B; E:36; 0 </=/@ <3 827/ E8626A6 7/ 2803A6
32F8:= /435;D &2F8:=/435/ 56 0<56A180Aj 0<56A180A 56 32F8:=/435/D sA8 <3o6 E80A/56A6 32F8:= 30/23@
;A813B8 <3o6 <3 =35625/A6 0<85; F:6B<62435;D +3 0A6 616BA:8= /926A2/ 0A<8:625/ 3 0<6 828 oA8 0A6
<3@ <3 6= 3A;56A6 0</B8= 6 7:;98=D

&0A8 B/8 oA8 =8r6A6 E:6E8.2/A3 26B89/ B8 06 2/1/.3 ; 0A:/H;@ =8r6A6 E:6E8.2/A3 3 26B89/ B8
56 :/780A/2 ;B813B8 E8626A6 7/ ;63A6 B/B8 7/ B8:30A3A6 0<856 A35618 7/ 06 828 E87603 2/ A; <:0A;
30E3A3</25/D
+/o ./7/A/B 56 7/ 2803A6 32F8:=/435; 3 7/ 06 :/.<356A6 78 0<853H 2/5<3o3H 0E808C280A3 ;2;A/:
15;70B89 8C13B/D

L/7 <3 A8 C;76A6 632313@ <3 q6A6 ;A34/A3 3 2/ =2896 7:;96D >8r7/ = 8r6A6 0=/A:/A3 7/ </o/
A:62;A2/ E:8F6035/ 2356 E806C28 <6136/20A<62/ N 2/ E:3=56:@ <3 0A6 B828C/:34/D G/E/= A3A6@
0A</:3 230; 82/B<6 B/B<3= 06 826 6326 0E815/@ 0</B8 0 B3= <3 781/.3A6 ; B82A/BA 2/1/.3 06 E87
;A34/56= </o3H <3C:/435/D $6B3 87 </0 0; 06 =8 r7/ ./A6B13 :/76q3 <6q 26B8 <:356= 6 26B6 8C3626
0<56A8<26 E8018<6 313 0A6 =8r7/ 2/<67623 A/B8 7/ C;76A6 :873A6153 313 0A/:/A6153 0<856 75646 313
=8r7/ :/73A6 26B3 E80/8 ./ B8569 26 8056q/A6 7/ 56 A8 828 oA8 C3 26B89/ =8918 E8<60A3 E;A6=
<613B6 01/<6D

#E6A@ <3 q6A6 3=/A3 567/2 87:6p62 <:6=620B3 E6:387 2/ :/0E81/9/25; ; B8=6 =8:/A6 /03= 313:/A3
0<6 8<6 32F8:= /4356 B856 0; 0A</:28 :/73B/126D +3 = 8:/A6 7/ 06 ;B18E3A6 ; 0<85 r3<8A 3 <3 =8:/A6
7/ ;B18E3A6 2569/ ; 30A8:35; </o69 0<356A/@ r3<6q3 9/@ 0H</A/5;q3 9/ 3 2/<3B/</5;q3 06 2/ 2569/D
*6728= B/7 C;76A6 ; 0A/25; B82.30A62A28 7/ 87:r/</A6 F:6B<62435; 32F8:=/435/@ / 26 7/ 06
E82/o/A6 B/8 7/ 06 <8.3A6 98:6!7816 2/ A8C89/2; 6=8435/@ ./A8 oA8 26 .2/A6 B8 0A6@ C3q6 </=
7/A 567/2 ./7/A/BD #2 q6 C3A3 0A/<1562 E:67 </0 3 82 q6 C3A3 738 </o69 o6= /A0B89 E1/2/D +/o
o6= /A0B3 E1/2 E:670A/<15/ </0 13623 76A/1523 E1/2 313 2/4:A /B4356 ./ 8</5 r3<8A23 <356BD

>2893 87 </0 <6q .2/5; 0<85 o6= /A0B3 E1/2 3 828 E:6=/ 66= ; q6 C3A3 <8p623D %</B8 87 </0 .2/
A/5 0<85 E1/2 ; 2/57;C153= 735618<3=/ 0<89 C3q/D
#28 oA8 </= 06 30E:3566318 2/ E;A; A6 0E8.2/56 56 </o6 18936B8 :/.=3o15/256 ; 0= 301; 7/
26=/A6 A/162A/ ./ A/5 </o E1/2 313 7/ <3 A8 26 =8r6A6 ;6323A3D QB813B8 C;76A6 = 673A3:/13@ 3. 7/2/
; 7/2 E:3=/q6A6 013B6 </o69 3762A3A6A/ 3 :6/1280A3 3 828 oA8 C3 A:6C/18 C3A3 015676q3 B8:/B B/
30E;25625; </o69 ./7/AB/D >673A/435/ 56 0A/256 B8=;23B/4356j A8 2356 2/632 7/ 68<56B 269756
376 3 7/ 06 A/=8 3.9;C3D >673A/435/ 56 567/2 2/632 7/ 06 32F8:= 3o6 3 7/ 06 376 2/ =560A8 B856
</0 H:/23 313 8C2/<15/D

+3 q6A6 06 8B:62;A3 B/ 0<8585 E:/<85 0<:03 3 <3o6 2698 <56:8</A28@ A8 q6 C3A3 ; <6.3 0/\
E8AE8= /9/256= A6 F:6B<624356@ 25628= A:/207;43:/25;@ 25628= E:670A/<15/25; 7:;93= /@
25628= 8C5/o25/</25;@ 25628= B8:3oA625; ./ 135666256 7:;93H 3 256285 0A/C313./4353 ./ 15;70B;
:/0;D L/7 0</B8 87 </0 C;76 = 89/8 7/ 7:r3 F:6B<62435; 32F8:= /4356@ / 7/ 06 E:3 A8= 6 26
3.C6.;=3 3 B/7 06 C;76 =8918 :/6;2/A3 7/ q6 C3A3 ; A8=6 B82.30A62A/2@ 827/ q6A6 <3 ;037:3A3 A;
F:6B<62435; 2/ 8<85 E1/26A3D

'/ F:6B<62435/ 06 E:6E8.2/56D $585 06 26 =8r6 1/B8 ;q3 ; A:/9 /13 82/ 06 =8r6 E:6E8.2/A3@ /
E:6E8.2/56 06 <6q 0/7/D '8 56 :/.189 ./oA8 26B3 F:626A3628 E8B;o/</5; 7/ 3.=35626 A;
F:6B<62435;D ,756 987 C;76A6 9167/13 <3p/q6A6 0<6 <3o6 E8B;o/5/ B82A:816 F:6B<62435/@ 0 A3= oA8
q6A6 0/7/ C3A3 ; 0A/25; 7/ :/.;= 356A6 8 66= ; 06 :/73D
+3 q6A6 0H</A3A3 A8 7/ 0; </0 0<6 0A</:3 ; </o6= r3<8A; E:3E:6= /16 B8:/B E8 B8:/B ./ 828 oA8
q6A6 :/73A3D *6728 <:356= 6 0A6 =8 r7/ C313 <8p/ 3.<3p/6/ 3 ;6313 B/B8 A:6C/ :/73A3 0/ 8=1/7328=D
>8r7/ 0A6 ; 26B8 7:;98 <:356=6 :/7313 ; 26B8= :60A8:/2; 3 2/;6313 B/B8 06 :/73 0 H:/28= 3
B/B8 06 82/ 06:<3:/D Q. E8=8q A3H </o3H E8018</ <3 0A6 0A<8:313 87:6p623 /0E6BA :6/1280A3 A/B8
7/ B/02356@ B/7 C;76A6 =8:/13 E87;6/</A3 7:;96 8<3= 030A6= 3= / B/B8 7/ 68<56B 2/7= /o3
0/= 89 06C6@ =8r6A6 3=/A3 26B89 E85= / 8 A8= 6 87/B16 0<3 A3 15;73 0A3r;D

>3 </= 06 8C:/q/=8 A/B8 B/8 7/ <3 230A6 15;70B/ C3q/ ./A8 oA8 <3 A8 230A6D
G/ 2/0 <3 0A6 E:3E/72343 #C3A6153 %<56A180A3 3 =3 78C:8 E8.2/56= 8 </o/ = ;1A373=62.382/12/
06C0A</D >3 </= 98<8:3= 8 8 A8= 6 B/B8 7/ 06 E82/o/A6 0 15;73= / ./A8 oA8 56 A8 </o ./7/A/B 7/
06 32A69:3o6A6 0 253=/@ 0=3:3A6 3H 3 E:8C;73A6 ; 253= / 82; 30B:; 0<56A180A3@ A/B8 7/ 823 26 C;7;
0<3 ;23oA623 3 A/B8 7/ 8<8 =560A8 =8r6 E:;r3A3 ;A863oA6 567285 28<85 :/03 3 567285 28<85 8C1/0A3
/BA3<280A3D

>3 0= 8 =2898 E;A/ 98<8:313 8 :/.<85; "$ - 3 =87;1/4353 F:6B<624356 B85/ 56 7:r/1/ A; r3<8A2;
<:0A; 3 6B0E6:3= 62A E87 B82A:818= 3 8= 89;q/</1/ 25698<8 0E:8<8p6256D

+3 0A6 C313 ;2/5=15623 ! </= / 56 C38 7873561562 E80/8 7/ 06 B/A/E;1A3:/A6 3. C;7;q280A3 2/./7 ;
8</5 43B1;0 69.30A624356@ 7/ 06 A; 32B/:23:/A6 = 2898 E;A/ A/B8 7/ = 8r6A6 :/.;= 56A3 A8 oA/ 56
7:r/18 15;70B/ C3q/ E87 B82A:818=D $/ A/5 2/632@ <3 =8r6A6 75618</A3 3.2;A:/ 3 A/B8 E:8= 35623A3
A/5 030A6= D L/7 06 2/1/.3A6 ; C3A43 0/ 0<853= 18936B3= ;= 8= @ 827/ 78r3<15/</A6 567/2 B82F13BA
3.=6p; 8289 73561/ 06C6 B853 56 15;70B3@ B853 56 E:89;A/8 E:36; 3 8289 73561/ 06C6 B853 E:3E/7/
#C3A6153 %<56A180A3@ B853 2356 E:89;A/8 E:36; 3 .2/ B/B8 3.9167/ o3:/ 013B/D

?8623A6 0/ :/.;=356</256= A89/ 7/ </0 82/5 </o 738 B853 8E6:3o6 2/ 8028<; 1893B6 ;63 2666= ;D
#2 </= 7/56 32F8:=/4356 3. E:<6 :;B6 B/B8 <6q32/ E8E;1/4356 F;2B43823o6 3 E:<8B1/028 .2/256 8
A8= 6 2/ B/B<6 C/:356:6 q6A6 2/3q3 E8B;o/</5;q3 7/ 7806926A6 78 7:;93HD L/7 C3 C318 ./ </0
A/B8 1/B8 7/ 06 E:6C/43A6 0/=8 2/ 32A;3435; 3 87/A16 7561;56A6 0 E8AE;23= E8<56:6256= ; 25; 3
B/7 26 C3 0A6 3=/13 A/5 7;/13A6A :/.;= 356</25/ 0/ 18936B3= ;= 8= @ 2/ 7;r6 0A/.6 C3 <3 0
80A/AB8= 68<566/20A</ E80A/13 <68= / 260A:E153<3D

-B8 C3 A8 ./ </0 C318 1/B8@ B/B8 C3 <3 827/ 3B/7/ =8913 :/.;= 56A3 B813B8 56 A8 7:;93=/ A6oB8^

)5;76 B82A:813o; ;. E8=8q F:6B<62435/ <6q 7;98 <:6= 62/D #23 0; 06 A813B8 <6q 2/<3B13 2/ A;
B82A:81; F:6B<62435/= / 3 18936B3 ;= 56 <6q A813B8 E:6B8= 356:28 :/.<3562 ; E801567256 <:356= 6 7/
E80A853 =2898 0;=256 3 0A:/H/ N 56728 A/= 28 = 560A8 ;2;A/: 0/=89 06C6 B856 56 A/B8
B82A:8130/28 7/ 06 15;73 E1/o6 7/ 87; A/= 8 3 E8<56:;5; 7/ A; =89; 0/= 3 78C3A3 32F8:= /4356D

L/7 E8= 3013A6 2/ A6 62A3A6A6 B853 0; = 87;13:/13 2/632 2/ B8569 15;73 <3C:3:/5; ;. E8=8q
E:6:/0E8:6p3</25/ 253H8<6 "$- 3 0E:8<8p6256= :/.28:/.23H 0462/:35/ 3 789/p/5/ 2/ 8<85
E1/26A3 N / 827/ 30E8:;6;5; :6.;1A3:/5;q; 626:935; B:8. :/.1363A6 E8:A/16 ; B80=36B3 E:80A8: ./
0<856 <1/0A3A6 E8A:6C6 N 827/ <6q =8r6A6 ./= 3013A3 E:8A3< 669/ 06 C8:3A6D
?80A856 823 B853 r616 7/ <3 3 43561/ 8</ E1/26A/ F;2B43823o6A6 23 2/ B853 7:;93 2/632 2698 B:8.
1893B; N 5672; <68=/ E1/o153<; 1893B;D
$/5C8153 0/<56A B853 </= = 8r6= 8 E82;73A3 ; 8<8= = 8= 62A; 56 7/ 06 E839:/A6 0 A8= 1893B8=
B/8 0/ 56728= 39:/6B8= D K643A6@ O*/ q; 8<756 B8:30A3A3 1893B; ./ 567/2 = 8=62/A 7/ <373= oA/
:/73 = 85 18936B3 ;=D #2 r613 7/ E:6;.= 6 B82A:81;D $56= ; 56 :66628 7/ 56 A8 828 B/B8 560A6D
>623 56 A/B8p6 :66628 7/ 0; 3 7:;96 0A</:3 30A323A6D %/7/ q; 567280A/<28 E80= /A:/A3 B/B8 06
B:6q6= 3.=6p; 567289 3 7:;989D "/ 13 0/= 15;A^ "/ 13 0/= 26039;:/2^ sA/ =6 ;.73r6^ sA/ =6
6323 039;:23= ^ L/B8 =3 B8:30A3 0</B3 87 8<3H 2/632/ :/.=3o15/25/^ sA/ 5/ E6:43E3:/= 8 06C3
0/= 8= ^ L/B8 06 5/ 8056q/=^k
?80=/A:/5A6 3 E:3=/5A6 B .2/25; 0<6 A8D #27/ :643A6@ O%/7/ B/7 0/= 0</B8= 87 253H E:;r38
o/20; 7/ 3./p6 2/ E8.8:234;@ oA/ 5/ r613= ^k
?8A<:73A6 828 oA8 <3 r613A6@ / <3 .2/A6 7/ 828 oA8 r613A6 A8 56 7/ 6<81;3:/A6D "/ 13 0/7/ <373A6
B/B8 56 8<8 26E:60A/28 B:;r6256 B:8. 0;=2536/<80A ; 0A</:280A3 738 8289 M8r/20B89 ?1/2/^
'8 56 738 :/.;= 356</25/ 8289/ B:8. oA/ q6 0<6 =8:/A3 7/ E:8p; 0<3 823 B853 0135676 </o6 0A8E6D
+3 = 8:/A6 2/;63A3 B/B8 7/ 8A<8:3A6 0<85 0:6/23 462A/:@ oA8 56 <56:8</A28 5672/ 87 2/5A6r3H
0A</:3 ./ ;:/73A3D Q63A6 B/B8 7/ 8056q/A6 :/.;=356</256 ./ 0/=6 06C6 3 ./ 0<6 7:;96@ E8oA8 <3
0<3 3= /A6 H:/C:80A3 7/ E8E;oA/A6 3 8056q/A6D

+68= / 56 </r28 A8 7/ ;<373A6 B/B8 C/:/A/A6 0 789/p/53= /D K/.1363A3 789/p/53 06 78<876 E:67
</0 A/B8 7/ 3H <3 = 8r6A6 E80= /A:/A3D Q63A6 B/B8 7/ E80=/A:/A6 0<856 E82/o/256 3 E:8<873A6
=2898 <3o6 <:6= 62/ 0/= 3 6/B 3/B8 56 A8 E826B/7 A6oB8 ./ </0 3 8056q/A6 06 ;0/=15628D $ /
7;r6 0A/.6@ C3q6A6 2/= ./H</123 oA8 </0 ;E;q;56= 8 2/ A8 7/ 06 0:6A26A6 0/= 3 0/ 08C8= 2/
567/2 :/.;=/2 2/632D +3 0/7:r3A6 ; 06C3 C89/A0A<8 3 .:6180A B853 </0 = 8r6 78<60A3 78 <3o3H
0E8.2/5/D

?80A853 567/2 :67 ;2;A/: B8569 <3 7561;56A6 3 B853 56 738 </0 B8569 26 =8r6A6 <3756A3D ?826B/7@
B/7 567/2 738 </0 7561;56 26:/.;= 28 313 C6. <3.356@ 789876 06 26B6 0A</:3 B856 </0 <:/q/5;
2/A:/9 2/ 0A/.;D M;73A6 0<56023 7/ ; 8<8= 28<8= H/80; 0<3560A3 3 B82F;.353 3 B:6A/25; B/
26039;:280A3@ E80A853 567/2 C8r/20B3 :67D

'8 06 = 8r6 E8:673A3 0/ E:/<156256= 26B89 B81/6/D %</B3 0/0A85/B :646EA/ 56 0/= E8 06C3 5672/
32A69:/12/ 456132/ E8 0<8585 0A:;BA;:3\ 5/5/@ C:/o28@ E;A6:@ o6q6:D L/7 E8 626A6 7/ 3H 0/0A/<15/A6
./56728 827/ 06 6323 B/8 7/ E:/<3A6 H/80D $6B8 C3 = 89/8 :6q3@ O+3 0A6 0<6 E8B</:313Dk Q23oA313
0A6 5/5/D sA/ 0A6 ;:/7313 0 A3= o6q6:8= ^ Q23oA313 0A6 8<756 0<6 91/<26 616= 62A6aP #23 =8 r7/ 26
:/.;=35; =/935; B/A/13A36B6 F8:= ;16 </A:6@ 8728028@ A8E18A6D
Q 8<8 <:356=6 2/ 8<85 E1/26A3 E:30;A2/ 56 5672/ B/A/13A36B/ 626:935/ B/7 06 0<6 3273<37;/126
0A:;BA;:6 E86325; 7/ A8E6 3 0A/E/5;@ B/B8 C3 2/E:/<316 26oA8 oA8 1363 2/ H/80D &. 0<69/ A89/ q6
06 :873A3 26oA8 28<8@ 30A8 B/8 oA8 06 B81/6 :/p/ 3. H/80/ 2/0A/189 = 356o/256= 0<3H 25698<3H
0/0A85/B/D $6B8 B8 26 .2/ 7/ q6A6@ 2/B82 oA8 3.= 56o/A6 = /0; ./ B81/6@ 0A/<3A3 56 ; E6q234;@
=8r6 9167/A3 ; A; = /0; 0/ .9:/r/</256= =3016q3 B/B8 0A6 0<6 ;E:8E/0A313D >2893 15;73 2/ 8<85
E1/26A3 26q6 E:6E8.2/A3 7/ 3./ A89 H/80/ E80A853 567/2 <3o3 :67 N 7/ 06 0<6 376 82/B8 B/8 56
./E30/28 ; :646EA;D
%</B8 87 </0 3=/ 567/2 0E643F36/2 ./7/A/B ;2;A/: A89 :646EA/D $/:/<28@ <3 3= /A6 018C872;
<815; B/B8 C3 87:67313 A8 B/B8 q6A6 0135673A3 A/5 :646EA 3 6323A3 567/2 25698< 0/0A85/BD

#</ 018C872/ <815/ 78.<815/</ </= 7/ 87:673A6 B/B8 C3 r615613 7/ </o r3<8A C;76 8:9/23.8</2@
=/7/ <3 = 8:/A6 7/ E:8r3<3A6 </o E1/2D "/ 13 q6A6 06 <3 871;63A3 7/ A8 ;:/73A6 0 E8A6oB8q/=/ 313
0/ 1/B8q8=@ B/8 03:8= /03 313 C89/A/o3@ A8 56 78 </0 0/=3HD %<6 A8 ./<303 87 A89/ B813B8 0; </0
;<56:313 ; A8 7/ 9756 A:6C/ 7/ 0A/<3A6 0<856 9:/2346D

sA/ C3 =3 A:6C/13 :6q3 7/ C3 </0 ;<56:313 ; A8 7/ A:6C/A6 0:;o3A3 0<6 0<856 9:/2346 N B/B8 C3
89:/236313 828 oA8 0=/A:/A6 7/ =8r6 C3A3 </o6^ QB813B8 E80A853 26oA8 oA8 =3 r613= 8 7/
E80A3926= 8@ 827/ 56 A8 7/ </0 8018C873=8 0<3H </o3H 9:/234/@ .2/5;q3 7/ 0</B/ = 30/8 B858=
06 ./C/<15/A6 2/ 26B3 2/632 87:6p;56 </o6 78r3<15/</256D

QB813B8 C3 =3 = 8913 7/ </0 2/<676=8 7/ r3<3A6 V[[w <:6= 62/ E:6= / 828= 6 B/B8 <3 A8 r613A6@
827/ 0=/A:/= 8 7/ 56 8<8 </o/ 2/5;0E56o235/ 98732/D

>3 q6= 8 ./=813A3 0</B89/ 87 </0 7/ 06 5/028 ./:6B26A6 7/ q6A6 <873A3 567/2 ;:672353 3
C60E:6B8:2353 r3<8AD

>3 </0 =813= 8 7/ E:3H</A3A6 8798<8:280A ; 8C1/0A3=/ ; B853=/ </= 23B/7/ 2356 E/7/18 2/
E/= 6A 7/ E:6;.3=/A6 8798<8:280AD

>3 r613= 8 7/ 0</B8 87 </0 7561;56 A/B8 B/8 7/ .2/ oA/ 06 0A</:28 76o/</D

?82/o/5A6 06 A/B8 B/8 7/ 0A6 <8p623 87 0A:/26 56726 C8 r/20B6 0316 E:313B8= 0</B6 871;B6 B85;
782803A6@ 3 E8623A6 7/ <56:;56A6 ; A8 7/ 06 ;<356B 2/1/.3A6 2/ E:/<8= = 560A; 3 ; E:/<8 <:356=6D

K643A6 06C3@ O*/ 0/= <8p62 87 0A:/26 C8r/20B6 0316D */ 0/= ;<356B 2/ E:/<8= = 560A; 3 ; E:/<8
<:356=6D %<6 oA8 :/73= B8= E828</28 56 ./ = 85 <3o3 :/.<85@ = 85; <3o; 0<3560A 3 = 85; <3o;
6<81;435;Dk

>3 r613= 8 7/ 87 0/7/ 435618 <:356= 6 7650A<;56A6 2/ A/5 2/632D

M;73A6 r3<3 (;</:3 ]:6B<624356D L/7 0<56A180A ;p6 ; </o6 A35618@ 82/ E/13 0<56A18oq;!B873:/2/
<1/B2/ 3 E8=/r6 B87 E:60A:;BA;:3:/25/ </o6 "$-@ oA8 78<873 78 E:8= 5626 </o6 F:6B<624356D

]:6B<62435/ 56 828 oA8 <3 .2/A6D O"&36&$2#7- 7& 6- Q #>&$*#*&*E

M318 56 E6:387/ B/7 0; =2896 :/.1363A6 73= 62.356 E80A85/16 2/ 8<85 E1/26A3 ; 30A8 <:356= 6D Q
E801567253H H315/7; 98732/ 78o18 56 78 E8<1/6625/ =2893H A3H 73=62.35/@ B/B8 06 <613B3 H/80 3
=:/B 2/7<35/8 2/7 E8E;1/4358=D '6 73=62.356 313 7:;96 :6/1280A3 313 = 560A/ 9756 0; ./B823
69.30A624356 =/18 7:;9/6353@ 0/7/ 06 <:/q/5; 2/A:/9D +3 3= E8=/r6A6 7/ 06 <:/A6 E:3<1/66q3 A6
73=62.356 2/ 8<; E1/26A; 3 3./.3</5;q3 26oA8 oA8 06 2/.3</ 73=62.382/128 0A/E/256D

?826B/7 06 <3 E:6C/43A6 ; A6 73= 62.356 /13 230A6 0<560238 A89/ 7/ 0A6 ; 253= /D +3 ;p6A6 ; 56728
E:8=35625628 0A/256 0<3560A3@ E806C28 B/7 E8056A3A6 26B8 0<6A8 =560A8 2/ G6= 153D ?:6C/43A6 06
; :/.1363A; 73=62.382/12; F:6B<62435; 3 0<6 06 E:8=35623D #056q/A6 06 ;.7392;A3= 3 E;23=
626:9356@ 313 </= 56 = ;B/ 7/ </= 06 E8<:/q/D $ 6oA8 06 .C3</ B/7 06 E:6C/43A6 ; E:8=35625628
0A/256D

% 8C.3:8= 7/ 0A6 ; E:8=5625628= 0A/25; 0<3560A3@ 827/ <3 26 .2/A6 ;<356B 7/ 0A6 ; 256= ;D '8
56 E866A/B 73=6.382/1289 0A/E/25/D L/7 06 <:/A3A6 B;q3 0 26B89 0<6A89 = 560A/@ =8r6A6 06
8B:62;A3 ;2/./7 3 :6q3@ k#H@ oA/ 06 A8 A/=8 760318^k '8 56 A/5 8056q/5 B/7 06 78r3<6 7:;96
73=62.356D

"3= 62.382/123 0;7/: 56 7:;9/ E:36/D #23 B853 0; ./H</q623 0A:/H8= 3 87C35/5; 7/ 06 E:8=35626@
6/B 3/B8 56 253H8</ 0<:H/ 7/ C;7; 2/ 8<85 E1/26A3 ; 8<8 <:356= 6 E:8= 562/@ 78 r3<56q6
73=62.382/12; B813.35;D '8 73= 62.382/128 0A/E/256 253= / q6 1363A3 2/ A8 B/8 7/ 56 567/2 6<:0A3
.37 87 46=62A/ ;7/:38 ; 7:;93 6<:0A3 .37 87 46=62A/D G/ =2896 q6 78 <613B89 ;.26= 3:625/ 2/
8<85 E1/26A3D '8 06 <6q 789/p/ ; = /256= 8C3= ; B/8 E8:6= 6q/53 26:<289 030A6= /D

)5;73 06 =89; :/.C813A3 2/ 26:<285 C/.3 567280A/<28 ./A8 oA8 87C35/5; 7/ 6<81;3:/5; 3 E:8= 35626
0<85 0A/< 8 06C3 3 253H8<85 :6/1280A3D %<3 <3 B853 :/73A6 0 7:;93= 15;73= /@ 7/ 13 0A6 <3 = 673432/:3@
3045613A6153@ ;63A6153@ = ;.36/:3@ 313 C318 oA/@ :/.;=356A6 7/ 56 0/7/ 8<8 15;70B/ 7316= /\ E8A:6C/ 7/
06 E:8=35623 B8= E16A2/ 76F323435/ 0;oA326 C3q/ 3 :6/1280A3D
L8:30A3A6 0<85; <815; 3 ;= B87 871;63</25/ B/B8 r613A6 7/ :6/1280A 06C6 3.9:/73D

(326q3 A8 <3 q6A6 8AB:3A3 7/ E80A853 5672/ <3o/ <815/ 3 567/2 <3o3 E1/2 / <3 q6A6 E;A8</A3 78 A/=8
;. E8=8q 0<856 0<3560A3 3 8AB:3</q6A6 A/5 C8r/20B3 E;AD '/5 C8r/20B3 E;A 3= / 2/ 0<8= ;=;
6<81;435; 0<3560A3D +3@ B/8 15;70B/ <:0A/@ 6823=/ 0A6 8 06C3 <56:8</13 828 oA8 0; </= 7:;93 8
</= / 98<8:313D L/8 oA8 0=8 :6B13@ ; A8=6 E80A853 5672/ 0<:H/\ 7:;93 0; r615613 7/ </0
B82A:813o;D L813B8 987 06 <3 A:;7313 7/ 2/E:67;56A6@ A8 56 C318 <68=/ A6oB8 2/ 8<85 E1/26A3 ./A8
oA8 56 "$- C31/ t:/.C/4/2/u 3 ./A<8:62/@ A/B8 7/ C6. 8C.3:/ 2/ A8 oA/ 0A6 <3 r615613@ <3C:/43826
<6.6 230; C316 780A;E26D %/7/@ B/7 06 <3C:/43826 <6.6 E85/<15;5; 2/ 8<85 E1/26A3@ C8r/20B3
E1/2 N B8569 = 8r6A6 ./= 3013A3 B/8 5672; = :6r; 313 o6= /A0B3 2/4:A N E:3=366 06 0<6 C13r6 G6= 153@
/ 73=62.356 q6 06 2/ B:/5; 0;0:60A3D

L/7/ q6 06 826 0;0:60A3@ A8 56 2/ </= /D

M8r/20B3 ?1/2 2356 E1/23:/2 A/B8 7/ 0A3926 8</=8 26B89 87:6p6289 7/A;= /j A8 ./<303 B813B8
C:.8 15;73 = 89; 30E;23A3 ;018<6@ 8728028@ 8<1/7/A3 08C8= D

sA/ A8 .2/63 8<1/7/A3 08C8=^ "/ C3 0A6 :/.;= 5613 M8r/20B3 ?1/2 3 B:62;13 B/ 25698<8=
80A</:625;@ = 8:/q6A6 E89167/A3 ; 0/= 6 06C6D q6A6 = 8:/A3 C3A3 ; 0A/25; 7/ 8<1/7/A6 823= B8 0A6
<3D Q </o6= 7:;oA<; E80A853 =2898 0A</:3 ./ B856 =8:/A6 E818r3A3 26B3 30E3A 7/ C3 :6B13@ O"/@ 5/
0/= 0/7/ B</13F3B8</2PD %/<1/7/8 0/= A/ E:/<31/@ 5/ q; 3H E:3= 56253</A3 ; 0B1/7; 0/ 0<858=
<8158=Dk $/ E:3= 56:@ <3 = 8:/A6 E:<8 8<1/7/A3 <8r258= /;A/@ 7/ C3 0A6 78C313 <8./6B; 78.<81;D
L813B8 </0 56 C318 ; 0A/25; 7/ 8<1/7/ 0<853= A35618= 3 B8:30A3 9/ 82/B8 B/B8 =; 56 <815/^ +68=/
=/18D

G/oA8^ G/A8 oA8 </= 23B8 2356 :6B/8 7/ 56 A/B8 26oA8 =89;q6D >3 0= 8 8<756 7/ </0
E87056A3= 8 2/ = 2896 0A</:3D

G6=15/ 56 ; 8<8 <:356=6 A6oB8 = 560A8 ./ C8:/</B@ 567280A/<28 ./A8 oA8 0; 823 B853 0; B873:/23
7/ 78260; E:8= 5626 2/ 8<; E1/26A;@ B873:/23 A/B8 7/ = 8:/5; 7/ E87;6/</5; 0/= 3 06C6D

+373A6@ 567/2 0A/123 3 26E:60A/23 E:8C16= 2/ 8<85 E1/26A3 0; C898<3D *67/2 C89 ./ 7:;93= D L8 0;
A3 C898<3^ '3 C898<3 0; </0 0A<8:313D +3 0A6 253H8< E:856BAD +3 0A6 253=/ 7:/93D >6p;A3=@ 26B3= /
87 253H <3 230A6 <68=/ 7:/93 ./A8 oA8 823 26 :/.;=35; 6=84356 3 8056q/25/D - 26B3 87 253H
69.30A3:/5; ; 7:;9/6353= :6/1280A3= / 87 8<6 ; B8585 06 <3 2/1/.3A6D

%<3560A3 56 78.<815628 7/ 06 82/ 3.:/r/</ / </= / 56 78.<815628 7/ 06 3.:/r/</A6 ; 8B<3:;

9:/234/ B856 0; ;0E80A/<313 823 B853 </=/ ;E:/<15/5;D % </o6 A/6B6 91673oA/@ <3 230A6 253= /
23B/7/ 78.<81313 7/ ;E:/<15/5; </= / 3 <3 26=/A6 E85=/ 7/ 823 ;8EoA6 E80A856D

#23 E:/<6 7:/= 6 2/ 8<85 E1/26A3 E87 =/0B8= 8289/ oA8 <3 2/.3</A6 :6139358= @ 1376:0A<8= @ 313
E826B/7@ 320E3:/4358=D "89/p/53@ 6/B 3/B8 0; 823 8:B60A:3:/23 7/ 80A</:6 26B6 E1/28<6@
E826B/7 8B;E6 3 26B6 E:8= /A:/66@ A/B8 7/ 06 E85/<6 3 =2896 7:;96 = 89;q280A3 87 823H B856
0; E1/23:/26D

>3 r613= 8 7/ </0 8C/<3560A3=8 7/ 06 0/7/ 87<35/5; 7:/0A3626 E:8= 5626D >3 A8 26 =8r6= 8
78<81528 5/B8 2/91/03A3D G6=15/ 06 0E:6= / ./ 5672; <613B; :68:9/23./435;D '/ :68:9/23./435/
E87:/.;=356</ 7/ q6 68<566/20A<8 =8:/A3 E:6:/73A3 3 0H</A3A3 0A</:3 B856 06 2/1/.3 E8AE;28
3.</2 8<6 0/7/o256 E/:/739=6D '8 .2/63 7/ q6 </o 26:<23 030A6= C3A3 2/E/72;A 87 0A:/26
=2893H E87/A/B/ 3 7/ q6 06 = 8:/A3 8018C873A3 87 0/7/o253H ;<56:625/ ; 0=301; B/B8 82
B82A:813o6 313 E6:43E3:/ :6/1280AD

G/7/A/B E:3E/723B/ #C3A6153 %<56A180A3 B853 0; r615613 7/ E:6;.=; 8<6 32F8:= /4356 ; 06C6 56 7/
<6r; 3 ;037:6 5672; 28<; F:6B<62435; 2/ 8<85 E1/26A3 A/B8 oA8 q6 5; C60E:356B8:28 E:36<:0A3A3
;2;A/: 0/= 3H 06C6D
'8 2356 1/B8D '8 2356 23 ./=3o15628 7/ C;76 1/B8D +3 230A6 78o13 8</= 8 7/ C3 3.<:o313 26B3 1/9/23
./7/A/BD +3 0A6 0/7/ 87= 6A2343 3 <3 0A6 C313 87= 6A2343D

L/7 C3 = 8913 0</B8=6 87 </0 7/A3 0/= 8 5672; = 32;A; </o6 = ;1A373=62.382/126 =6= 8:356@ <3 C3
.2/13 8 66= ; E:36/=8D +3 C3 0A6 .2/13 ; 2/57;C153= 735618<3= / 0<89 C3q/ 7/ 0A6 ; = 2898
2/<:/A/@ E87 :/.1363A3= = /0B/= / 3 ; :/.1363A3= 0B;E32/=/ F8:= 3@ 3o13 A/= 8 9756 56 A:6C/18
;0E80A/<3A3 87:6p626 E:8= 5626D +3 0A6 3o13 = 2898 3 E;A/@ :/.C35/13 0A6 E/:/739=6@ 8018C/p/13
06C6 3 2/7=/o3</13 828 oA8 0A6 0= /A:/13 9:/234/=/ 0<89 3762A3A6A/D '8 56 M8r/20B3 ?1/2\
E:3E/5/256 06C6D

'/5 C8r/20B3 E1/2 3= / = 2896 :/=3F3B/4356 3 8B;E15/ 8B;E15/ :/.28<:026 0316D +3 0A6 6;13 B/7 0= 8
E8=325/13 0316 0<56A180A3 3 0316 A/=6D >3 0=8 3H 2/.</13 OM35613= ":608<3=/P 3 OJ:23= ":608<3= /P
B/B8 C3 E:670A/<313 03A;/435; 26;A:/128= 3 7/13 </= 2/ .2/256 7/ 06 A; :/73 8 567285 39:3D >3
A/B8p6 r613= 8 7/ </= C;76 5/028 7/ 56 8</ 39:/ <68= / 8.C3152/ 3 7/ 06 30E87@ 8B8 3 3.2/7 256
2/1/.3 M8r/20B3 ?1/2D '/5 M8r/20B3 ?1/2 = 8r6 6/B C3A3 C3A3 <6./2 B/8 <3C:/435/ 2/ 87:6p62/
15;70B/ A3561/ B85/ 0; B873:/2/ ./ A8 3 B85/ 0; 78o1/ 8</=8 7/ 2806 A; F:6B<62435;D #27/ <3
=8r6A6 7/ 06 ;.73926A6 B/ </o6= <1/0A3A8= o6= /A0B8= E1/2; ./ 80A</:6256 0/<:o620A</D

L/7 06 </o <1/0A3A3 r3<8A ;.73926 78 A89 23<8/ B/7 9/ 26q6A6 <3o6 E8.2/</A3 B/8 </o69@ <3 q6A6
78.<813A3 626:9353 26F3.36B3H 8C1/0A3 7/ </0 B8:30A3 B/8 0E:8<8723B N B/B8 C3 0E85313 73=62.356 3
8018C87313 0<3560A ./ 567/2 28<3 2/632 25626 E6:46E4356D

(/B 3/B8 06 </o6= 0<356A; E:3C13r/</ 0=:A 3 ;23oA6256@ ./E/= A3A6 7/ 0=:A 3 ;23oA6256 781/.6
0</B6 987326 ; 56062@ 2/ 8<85 E1/26A3D >:/. ;C35/ 4<356q6 3 13oq6 2/ 7:<6q;j 0A</:3 <62; 3 ;= 3:;D
L/7 C3 823 B853 r3<6 A/=8 9756 56 0A/128 156A8 E8 E:<3 E;A <375613 56062@ =8r7/ C3 3H A8 ;.C;7318D
#23 C3 :/.=3o15/13@ kM8r6 7:/93@ E/ 8<756 781/.3 78 ;23oA625/ 0<356A/D %</ 156E8A/ E863256 7/
260A/56PD

K/.;=3A6 7/ 56 A8 828 oA8 06 .C3</ 0/ G6= 158= D '8 56 06.82/ B/7 26B6 0A</:3 ;= 3:;@ A/B8 7/ C3
=2896 28<6 0A</:3 =8916 7/ 06 :876D

%<6 56 A8 738 M8r/20B89 ?1/2/D

4(%5-657& :89i(= 84356 ! '/52/ ; R:823B/= / +:6=62/

Q 8<8= ;23<6:.;=; E80A856 3 26B3 B853 A6B A:6C/5; 7/ 8AB:35; 15;70B6 6=84356D L/7 E8056q;56A6
26B6 7:6<26 .6=156 3 E80=/A:/A6 26oA8 oA8 56 0A<8:628 ; 7:;93= <:6=623=/ 3 2/ 7:;93=
=560A3=/@ = 8r6A6 8056A3A3 F:6B<624356 3 <3C:/4356 B856 0; B/:/BA6:30A3626 ./ A/ = 560A/D +3 .2/A6
7/ A; E80A856 B15;66<3@ / <3 .2/A6 7/ A; E80A856 3 E8:;B6 B856 98<8:6 7/ 56 ;2;A/: A89/ 26oA8
./B15;6/28@ 26oA8 oA8 56 26B/7/ E80A85/18 3 oA8 q6 8E6A 3.C3A3 2/ E8<:o32;D

$/ 30A3 A/B/< 2/632@ 15;70B/ C3q/ 3=/5; 26oA8 oA8 56 0B:3<628 ;2;A/: 253H oA8 56 <68= /
7:/9845628 ./ 6<81;435; ;23<6:.;= /D > 3 q6= 8 2/.</A3 A6 E87/AB6 B878<3= / 3 B15;423=
C:856<3=/\ 968= 6A:350B6 F8:= ;16 0<56A180A3 B856 0; 32A69:/123 738 E828<289 0A</:/25/ 3
2/0A/2B/ r3<8A3H 8C13B/ ; 435618= 8<8= ;23<6:.;=;D

)5;70B/ C3q/ 0; 0/B:3<62/ 3 ./C8:/<1562/ ; 0A/:32/= / <:6=62/@ 0<6 87 B/7/ 56 253H8</ " $-
C31/ E:6;:6p62/@ 56: ; 7/16B85 E:8o180A3 <:6=620B3H H:823B/ A/ <:0A/ 56 r3<561/ 3 <3C:3:/1/ = 2898
7:;9/6356D '/ <:6=62/ 0; ./C8:/<1562/ 313 0; ;0B1/73oA62/ 87 0A:/26 26B3HD
L/8 0A8 0= 8 :6B13@ <3 06 2/1/.3A6 ; 56728= B/:/2A62;@ 0B8:8 B/8 7/ 0A6 C313 ; A/= 234/= /
<:6=62/ A813B8 7;98@ 7/ 0; 4/B 7801/ 3 28</ 78C/@ / 823 0; ./C8:/<313 7/ 0A6 <3 58o ;<356B
8<756D

>6p;A3=@ E80A856 3 823 B853 A8 230; ./C8:/<313D #23 0; </0 E801/13 ; =3035; 7/ E:8=35623A6 0<6
8<8\ 7/ <:/A3A6 = 6=8:35; 3 7/ E828<8 E8<:/A3A6 <:3567280A 15;70B6 69.30A624356 2/./7 78 E:<3H
13235/ B:6/4356D +3 0A6 E8A:6C23 ./A8 oA8 <3 2803A6 ; 06C3 26oA8 8 66= ; =2896 7:;96 <:0A6
26=/5; E85= /\ 6= 84356D

&0A8 B/8 oA8 <3 A:6C/A6 7/ :/73A6 ./56728 B/B8 C3 78<613 0<856 t*/u 78 45618B;E280A3 C89/A0A</
0<89 =;1A373= 62.382/1289 C3q/@ E80A856 3 823 B853 06 A:;76 7/ B/A/E;1A3:/5; 435613 8</5
;23<6:.;= ; 5672; 28<; 8BA/<; N E806./256 ./ 56728= 28<8= A6:3A8:358= 3 25628 0A</:/256D

(;</:3 <:6=62/ .2/5; 9756 0; A3 E87/43 ./B15;6/23 3 <3 0A6 E:82/p623j <3 0A6 3./C:/23 7/ 3H
3.2606A6 2/ 0<56A180AD >3 0= 8 78o13 2/E:3567 ! 313 2/./7 3. 2/o69 <:6= 620B89 E6:387/ ! B/B8 C3
E8=8913 823= / 87 </0 B853 06 2/1/.6 ; = 30353 8AB15;6/</256 /2/1/ 15;70B6 "$-D >3 0= 8 8<756
B/B8 C3 </= E8= 8913 7/ 3H E:6;:673A6 ;2;A/: </o69 <1/0A3A89 C3q/ / 827/ 7/ E80A/26A6 738 v3<6
M3C138A6B6D

L/8 oA8 0=8 2/E8=62;13@ 828 oA8 06 0/7/ 76o/</ 2/ G6= 153 3= /q6 ;A34/5/ 2/ 0A</:3 2/ =2893=
7:;93= = 560A3= /D Q 8<8 <:356= 6 8<756 o/156 06 626:935/ 7/ C3 06 E:6;0=56:316 3 ;0B1/7316
87:6p626 ;23<6:./126 0316 3 A/B8 78<616 8</5 ;23<6:.;= 78 56726 03=;1A/26 0<560280A3 8 0<8=
3762A3A6A;D

#28 oA8 56 2/ G6= 153@ 013628 56 26B85 A/523 7/<28 ./B15;6/285 ; H:823B/= / <:6=62/@ / A8 3=/
<6.6 3 0/ 6=8435/= /D Q A8= 7/:; 87 6= 8435/@ E80A853 5672/ 7:/98456280A 3 C89/A0A<8j A;
E80A853 3 5672/ 26<56:8</A2/ 0E808C280A A:/2046762A3:/25/ =2893H :/.1363A3H :6/1280A3@ B:6A/25/
B:8. =2898C:852/ :/.1363A/ 0A/25/ 0<560280A3 3 253H8<89 78r3<15/</25/D (= 8435/ 78.<815/</
87:6p623= 626:935/=/ 7/ 06 0E856@ 0A8E6@ <6r; 3 ;7:;r6 ; 0H</A/25; 0/=3H 06C6D M6. 6=8435/@
A8 26 C3 C318 =89;q6D

Q 8<8= ;23<6:.;=; E80A856 3 26B3 B853 0; <68=/ 0A/:3 3 B853 78C:8 .2/5; B/B<8 56 8<8 =560A8D
#23 :/76 6823=/D #23 0; E:/7/<26 0A:/:56o326 6/B 3 8<89 2/o69 030A6= / 3 <68= / 0; E8oA8</23
B/8 <6136/20A<628 =;7:3 =;oB/:43 3 r626@ E:6=/ </o3= E85=8<3=/@ = /7/ 823 230; 23 = ;oB/:43
23 r626D #23 06 0= /A:/5; (;</:3=/ (9.30A624356 ; 8<8= 030A6=;D
'8 0; 823 B853 8= 89;q/</5; B:6A/256 3 ;E:/<15/5; 030A6=3=/ 30A8 B/8 oA8 B/E6A/23 ;E:/<15/5;
C:878<3=/D #23 2/<876 8</5 ;23<6:.;= 2/ 25698< E:/<3 B;:0j A8 56 253H8< E80/8D &0A8 B/8 oA8 3
<3 3=/A6 0<856 E8018<6@ 253H8< E80/8 56 7/ ;E:/<15/5; 8<3= ;23<6:.;= 8= 2/ 25698<8= E;A;
E:6= / 8AB:3q3=/D #23 0; 8AB:313 ;. E8=8q 0<89 <1/0A3A89 ;6625/ 3 E;0A818<32/ 7/ 06 = 8:/5;
E8<6./A3 0/ 7:;93= ;23<6:.;=3= /D

?80A853 567/2 E1/2 7/ 06 626:935/ B/A/E;1A3:/ 3 A/B8 E8o/156 78 28<3H 78r3<15/5/D Q 8<8 <:356=6@
G6=15/ 3 87:6p62 C:85 7:;93H 030A6= / 9756 <3 30A8<:6=628 69.30A3:/A6@ E80A/56 320A:;= 62A ;
E828<285 E85/<3 6=8435/@ 0 43156= 0E8.2/</25/ 0<3H 3762A3A6A/ 3 253H8<89 0/r3=/25/ ; 567/2D '3
;23<6:.;= 3 8AB:3</5; oA/ 823 = 89; 6323A3 .C13r/</5;q3 06 3 30E:6E13q;q3 30A8 B/8 oA8 3 <3 8AB:3</A6
oA/ 0/= 3 = 8r6A6 E80A/A3D

$6 E80A853 23B/B</ E:6B8243E3:/2/ 3765/ 8 A8= 6 oA/ q6 06 7603A3D '8 56 5672/ 28</ A6:3A8:35/D

(=8435/ 56 B15;6 ./ 0<6 8<8D L/8 15;70B8= C3q;@ </= / 6= 84356 A:6C/5; 7/ C3 06 E8<6./13 0/
823= 7;H8<23= 735618= 0/=3H 06C6D (= 8435/ 56 87 26E:60;726 </r280A3 7/ C3 06 :/.;= 561/
7;H8<280A 56: 6= 8435/ E:83.<873 8056q/5D >62A/128 A35618 3 F3.36B8 A35618 0; <68= / ;0B8
E8<6./23 30A8 B/8 3 6=84382/128 A35618 3 0E:3A;/128 A35618D %E3:3A;/128 A35618 56@ 2/:/<28@ A35618
B856 E80A853 3.</2 0<3H F3.36B3H 89:/236625/D

+/= / 0; 6=84356 E8A:6C26 B/B8 C3 0E8.2/13 828 oA8 2356 F3.36B6 E:3:876@ / A8 56 3 :/.189 ./oA8
0; 6= 84356 A813B8 B82A:8130/26 2/ 8<85 E1/26A3D +/= / 56 78.<815628 <68= / =/18 6= 84382/1289
E:80A8:/ 3 E870A3q; </0 7/ 06 0A/128 8056q/A6 26=8q28 3 E:60A:/o628D

>2893 87 </0 26 r616 7/ 37; 3.</2 A3H 6= 84382/123H C/:356:/ 3 B:8. </o6 13626 9:/2346 ./A8 oA8
C3 A8 =8918 C3A3 C8128D +3 C3 <815613 7/ =8r6A6 0/= 8 :6q3 k/C:/B/7/C:/k 3 7/ 826 0<6 87;D M81
</= 782803 8056q/25/D QB813B8 26 =8r6A6 8056q/A3 2/ 26B3 7:;93 2/632@ E826B/7@ 7/ C3 ./:8C313
</o; E/r25; B/8 567/2 A<:7891/< 68<56B@ <3 =8r6A6 0/= 3 0A</:/A3 C81 B/B8 C3 03 E8B/./13 0/<
82/5 8E069 </o3H 0E808C280A3 3 B/B8 C3 78<613 06C6 E828<8 ; r3<8AD $/ A/5 2/632@ <3 =8r6A6
8056A3A3 0<8 C89/A0A<8 r3<15625/D

+6q32/ 15;73 06 C853 0<89 6= 84382/1289 313 8056q/5289 462A:/j 823 06 C856 7/ 8056q/5;D +56:;5A6
0<853= 8056q/253=/ C6. 8C.3:/ 2/ A8 B/B</ 0; 82/D +56:;5A6 7/ </0 82/ <876 B/ 2666= ; 3 7/
2/632 2/ B853 06 8056q/A6 = 8r6 7/ </0 78<676 78 26B6 0E8.2/56D

%<3 <3 r613A6 7/ ;660A<;56A6 ; r3<8A; / 30A8<:6= 628 3 7/ 26 C;76A6 ; 256= ;D L/r6A6@ k?;0A3A6
=6 0/= 8 7/ C;76= 8<756 3 7/ C;76= 5672/ =8q2/ 808C/@ /13 5/ 26 r613= 7/ 8056q/= 23A3 7/
=2898 ;660A<;56= ./A8 oA8 A8 E:6<3o6 C813@ E/ 827/ E/7/= ; B:3.;D */ 26 <56:;56= r3<8A;Dk

L/7 06 26 E1/o3A6 8056q/25/@ B/7 E:6</.3p6A6 0<856 E:60;p3</256 3 B/7 78.<813A6 06C3 7/
8056q/A6 2/ 0<6 826 2/6326 2/ B856 8056q/A6@ 2/E:/<3q6A6 567/2 89:8=/2 B8:/B 2/E:3567 ./A8
oA8 q6A6 C3A3 ; 0A/25; 7/ E;A;56A6 2/ A3= 8056q/253=/ ; 7:;96 :6/13A6A6D

$6B3 87 </0 06 C856 7/ 8056q/5; 3 7/ ;660A<;5; ; 8<85 :6/1280A3j / B/= 8 13 7/ E;A;5; ; 26B6
7:;96@ / A8 56 ./A8 oA8 <3 26 <56:;56A6 0<853= 8056q/253=/D -B8 r613A6 7/ ;C:./A6 0<85 :/.<85@
./:823A6 ; 26oA8 oA8 </= 782803 8056q/25/D ?:60A/23A6 ./8C31/.3A3 A; 0A</: A/B8 7/ C3 = 8913
=3013A3 7/ 7:r3A6 0A</:3 E87 B82A:818=D G/:823A6 ; 462A/: 0<69/ A89/@ E/ 827/ <373A6 7/ 13 7:r3A6
0<6 E87 0<858= B82A:818= D

$6 :/73 06 8 A8=6 7/ <3 26 .2/A6 B/B8 7/ 8056q/A6@ :/73 06 8 A8= 6 7/ 06 <3 C853A6 </o3H
8056q/25/D L/7 3H 3= /A6 <3 26 .2/A6 oA/ 7/ :/73A6 0 253=/D #2/ ; </=/ 0A</:/5; 567/2 ;A30/B
C60E8= 8q280A3@ A/B8 7/ <3 ; 26B8= 0= 301; <6r6A6 A/ 8056q/25/ 0 823= \ k#H@ 26@ 5/ 0/= A8
;E:8E/0A38Dk +3 3=/A6 56728 89:/2366256 ; </o6= 030A6=; <56:8</25/ / A8 56 7/ B/7 06 26oA8
E85/<3 oA8 56 6=84382/128 3 oA8 </= 2/2803 C81 313 3./.3</ 15;A32;@ 827/ A8 2356 78C:8D %/7/ 56
<:356=6 7/ E:60A/26A6 7/ 06 o;25/A6 2/ <:H8<3=/ E:0A35; 8B8 26B3H 0A</:3 B/B8 C3 3.C56913 0<856
6= 84356D

)5;A25/ 3=/ 0<85; 0<:H;D %<3 <3 C3 r615613 7/ ./<:o3A6 0 A3= \ <3 r613A6 A8 7/ 0/B:356A6 E87 A6E3H 3
872803A6 06 E:6= / A8= 6 B/8 7/ A8 2356 78C:8D ?82/o/A6 06 B/8 7/ 06 A; :/73 8 26B8= A:;18=
E8<:q;@ 3.C/4;56A6 9/ 2/E8156 3 ./B8E/</A6 ; C/oA; 3./ B;q6 B/8 7/ 828 26= / 23B/<; 0<:H;D

>3 2/91/o/</= 8 7/ E80A853 0<:H/ ; 0A:/H; 3 0<:H/ ; 15;A253D QB813B8 C3 78.<81313 06C3 7/ 3.:/.3A6 3
30B;03A6 </o6 0A:/H8<6@ oA8 =8 r6 78<60A3 3 78 E85/<6 15;A256@ 827/ C3 2/; 6313 26oA8D #23 87 </0
B853 86/528 E8B;o/</5; 7/ 3.C5692; 0A:/H 3 15;A25;@ 3 B853 06 0A</:28 C856 A3H 8056q/25/@ 3=/5;
26oA8 <68=/ <613B8 7/ 2/;66 ;. E8= 8q A3H 6= 8435/D #26 0; 0:670A<8 B856 </0 =8r6 E8256A3
3.</2 9:/234/ </o69 136289 3762A3A6A/ 3 E82/o/25/@ / <3 06 567280A/<28 C853A6 7/ 78r3<3A6 A/B8
26oA8D

+6432; <:6=62/@ 0<6 0A8 <3 .613A6 A8 56 7/ C;76A6 E:3H</4623D +3 3=/A6 80564/5 7/ </0 23B8 2646
<8156A3 /B8 :/73A6 87:67626 0A</:3 313 06 8056q/A6 2/ 87:6p623 2/632@ A/B8 <3 06C3 26 78.<815/<6
7/ 3=/A6 26B/ 87:6p62/ 8056q/25/D '8 56 828 87/B16 781/.3 15;A25/D )5;A25/ 06 2/1/.3 ; </= /
./A8 oA8 0;73A6 8 A8=6 oA/ =8r6A6 / oA/ 26 = 8r6A6 :/73A3D QB813B8 26 78.<813A6 06C3 7/
8056q/A6@ 827/ 26 =8r6A6 ; 63A3D #056q/25/ </0 E8<6.;5; 0/ r3<8A8=D

#056q/25/ B87 15;70B3H C3q/ 01;r6 :/.1363A3= 0<:H/=/D >3 0/<56A;56=8 0<6 </0 7/ <56:;56A6@ 7/
B;1A3<3o6A6 3 7/ 06 801/25/A6 2/ 0<85/ 8056q/25/D K/.;= 3A6 A8 7/ 0; </o/ 8056q/25/ <8.2/ B/:A/
./ E;A8</25/ ; = ;1A373=62.382/126 :6/13A6A6@ 9756 q6A6 = 8:/A3 3q3 ;B813B8 r613A6 0A</:28 8.C31528
7/ ;660A<;56A6 ; 8<85 39:3D Q = ;1A373= 62.382/123= :6/1280A3=/@ <3 ;63A6 7/ 87:r3A6 3
;0=56:/</A6 =2896 :/.1363A6 <6:.356 06C6@ 8756728= D

#056q/25/ </0 = 89; 87<60A3 2/ A/ =560A/@ E898A8<8 82/ 8056q/25/ B853=/ <56:;56A6D >2893 87
</0 0; <68= / 0;= 2536/<3 ; 0<85/ 8056q/25/ 3 E8B;o/</A6 3H B82A:8130/A3D +3 26 78.<815/</A6
87:6p623= 8056q/253=/ 7/ 3./p; 2/ E8<:o32;@ 313 3H E:80;p;56A6 B/7 06 82/ E85/<6 ;=560A8 7/
E80= /A:/A6 9756 </0 82/ <876 3 oA/ ./ </0 6326D
%;.7:r/</A6 06 7/ 30B;03A6 26oA8 ./A8 oA8 06 26669/ C853A6D %A/<313 0A6 567/2 .37 30E:67 06C6
B853 98<8:3@ k-B8 5/ 876= A/= 8@ A8 26q6 </15/A3Dk %A302;13 0A6 B862346D

Q 0A</:280A3@ </o 0A:/H q6 2/ B:/5; 626:93.3:/A3 A/5 78r3<15/5 ; </o85 8C1/0A3 :/.<85/ ./A8 oA8 06
0</B/ = 30/8 E:6A</:/ ; 82/5 8C13B B853 56 C/.3:/2 2/ 87:6p628= 6= 84382/128= ;A34/5; B853 3./
2569/ 0A853D

'/B8@ E826B/7 56 2/5C815/ 0A</: ./ ;:/73A3 A/ 7/ 06 567280A/<28 B/r6@ k>/@ B;7 E;B18 7/ E;B18@
5/ 878H A/=8D ?:67/56= 06Dk #27/@ E8./C/<3A6 06 A3= 0A</:3= / 3 26 C:323A6 06 .C89 A89/ oA8
q6A6 C3A3 ;0:670:356p623 78B C8:/<3A6 ; 8056q/528= 462A:;D QB813B8 2/= 56:/</A6 7/ 876A6 ; </o
8056q/523 462A/: / 7/ 3 A/= 8 ./7:r3A6 B82A:81;@ 827/ 03 26 8=89;q/</A6 82/5 8E069 B:6A/25/
B853 56 E8A:6C/2 7/ C3 06 E;A8</18 2/ 6=8435/= / B856 :;o6 9:/2346 3 030A6= 6 <56:8</25/D

)5;A25/ 3=/ 0<85; 0<:H;D )5;A25/ 2356 C60B8:302/@ 23 C81 2356 C60B8:30A/2D %<6 A8 </0 <873 B/
2666= ;D +3 06 =8r6A6 871;63A3 7/ 876A6 ; 0<85 6=84382/123 462A/: 3 7/ 2/;63A6 B/B8 A/=8 7/
C;7;A6 ;0:670:356p623@ 78B 30A:/r;56A6 :/.26 = 89;q280A3 313 E:313B6D -B8 B/r6A6@ k*/ q; C3A3
;0:670:356p62 A/=8@k A8 .<; 63 B/8 7/ 06C3 26q6A6 78.<813A3 23B/B<8 B:6A/256 ;2;A/: 2569/D
Q= 560A8 A89/@ A:6C/ 0/=8 2/=56:/</A3 80A</:3A3 B82462A:/435;D

Q0:670:356p6280A 26 .2/63 7/ 0A</:3 26q6 F1;BA;3:/A3j A8 .2/63 7/ q6A6 <3 78.8<813A3 0A</:3=/ 7/
F1;BA;3:/5;D M6. 8C.3:/ 2/ A8 7/ 13 56 C/:B/ 0E:6= 2/ 7/ 06 E:6<:26 313 06 82/ 2/1/.3 ; =3:285
<873@ 78.<813A6 585 A8D +3 ; 2585 E18<3A6@ 827/ q6A6 3./q3 3. A89 78r3<15/5/ C318 7/ 06 A; :/7318 8
56728= = 3:28= 313 C;:28= E;A8</25;D

+/o6 6=84356 230; 0/=8 H:/2/ ./ 7:;96@ 826 0; H:/2/ ./ </o6 0;oA320B8 C3q6D '8 56 2/632
B/B8 <3 H:/23A6 06C6 3 0A</:/A6 0<85 3762A3A6AD +/o 3762A3A6A 56 B/8 F:6B<62435/ B85/ 06
=/23F60A;56 B:8. </o6 6=84356D (= 84356 H:/26 </0 / 826 H:/26 3 </o; E8.3<234; ./
69.30A62435;D

+3 q6A6 06 = 8:/A3 E8./C/<3A3 0/ 0</B8= 87 </o3H 9:/234/ 567280A/<28 ./A8 oA8 56 A8 828 oA8 <3
26 r613A6 7/ ;:/73A6D +3 C3 2/5:/7356 7/ B/r6A6\ kG1/A2/ .<56.7/2/ E:/o328@ 870A:/23 0<6 828 oA8
=6 89:/236/</D M;= a */ 0/= 018C87/2ak &76/128@ A8 C3 0A</:28 C318 A/B8 567280A/<28D '8 56
B1/036/2 E:3=56: r6156 7/ 06 ./8C3p6 313 E:6=80A3 462A/: ./ 8056q/25/D

+3 3=/A6 87:6p62/ 6= 8A3<2/ <56:8</25/ 313 8056q/25/ B85/ </= E8= /r; ; 3.9:/7253 A3H 9:/234/
8B8 </0@ A/B8 B/7 0:;o3A6 A6 9:/2346@ 827/ 2/ E:<8= =560A; =8:/A6 7/ 06 E8./C/<3A6 0 823=
6= 8435/=/ ;. E8= 8q B853H 0A6 3 0A/<313 A6 9:/2346D +3 0A6 E8<6./23 0/ </o3= 0E3:3A;/123= A35618=
B:8. </o6 6=84382/128 A35618D +3 = 8r7/ = 8r6A6 r6156A3 7/ ./8C3p6A6 26oA8 oA8 56 A6oB8@ /13 3E/B
=8:/A6 7/ 8056A3A6 </o E;A B:8. A8D

+3 C3 2/5:/76 7/ .9;:/A6 A6oB6 0A</:3 E87 A6E3H 3 7/ B/r6A6@ k*/ 26 r613= A8 7/ ;:/73= @k 78B 0;
A6 A6oB6 0A</:3 </o6 7:/98 B/= 6256D (/B /B8 3 8AB:356A6 7/ 3= /A6 V[V[[[ 9:/234/@ 26=85A6 06
8056q/A3 F:;0A:3:/28D *67280A/<28 :643A6@ k'8 56 32A6:60/2A28Dk ?89167/5A6 ; A6 9:/2346 B856 0A6
03 E80A/<313 3 ;=560A8 7/ E0;56A6 2/ 253H@ 567280A/<28 3H E80= /A:/5A6 3 <373A6 7/ 13 =8r6A6
8AB:3A3 B/B8 0; 826 2/0A/16D ?89167/5A6 B/B<85 0<:03 0; 826 01;r316 ! ; B8585 :/7253 0A6 8C/<15/13
B;E8<32;@ B/7 0A6 B;E313 A6 0A</:3D
(3= E:3= 56A3A6 313 E:6E8.2/A6 26oA8 3 C;76A6 <81523 7/ A8 87C/43A6@ 828 q6 06 E8B:62;A3D QB813B8
8B1356</A6 313 06 C853A6 313 E8= 3013A6@ k*/ <813= 8<; 9:/234;j 82/ = 3 <68=/ 78C:8 01;r3@k <3 06
827/ 89:/236/</A6D

+3 = 8:/A6 2/;63A3 7/ <813A6 0<856 6= 84356D %<6 78B 8.2/6/</A6 26oA8 B/8 A6oB8@ <3 A8 E:/<3A6
A6oB3=D $3B8 7:;93 A8 26 :/73D +3 06 87;E3:6A6 3 E:80;p;56A6 E:8= 5626 B856 06 5/<15/5;D +3 3=/A6
;A30/B 7/ 26 .2/A6 oA/ 06 .C3</ 3 r613A6 7/ ./7:r3A6 B82A:81;D L82A:81/ 56 26oA8 oA8 56 <68= /
E898728 3 B8:3028D #2/ =8:/ =8:/ C3A3 E:3= 562562/ 2/ E:/<8= = 560A; 3 ; E:/<8 <:356=6@ B/8
0;E6:1356E/BD %;E6:1356E/B 2/ E89:6o28= = 560A; 26 6323 = 2898 78C:/D "/ 13 0A6 3B/7/ 0A/<313
0;E6:1356E/B 2/ </o6 :;B6 313 ;026^ +3 = 8:/A6 2/;63A3 7/ E:3= 5625;56A6 0<85; B82A:81; 2/ 30A3
2/632 2/ B853 B8:30A3A6 0;E6:1356E/BD -B8 ./C:15/A6 0A</: 0/ 0;E6:1356EB8= @ 80A/q6A6 ./1356E15623 3
26q6A6 = 8q3 23oA/ ;:/73A3D

%/ B82A:818= 56 30A8 A/B8\ <3 06 01356E3A6 0 258= @ / 82/ </0 ./1356E3 ./ 26oA8 0 63= </=/ 2356
E8A:6C28 7/ C;76A6 01356E15623D >8:/A6 C3A3 <68=/ E/r153<3 B/7 871;6;56A6 oA/ q6A6 B82A:8130/A3 /
oA/ 26q6A6 B82A:8130/A3D #2/ 0A/:/ 15;70B/ o6= /@ 313 E/:/739=/ B85/ 58o ;<356B E80A853@ B/r6@ k+3
=8:/A6 ./7:r/A3 B82A:81;Dk

+3 06@ B/8 61/28<3 #C3A6153 %<56A180A3@ 0/7/ E863256A6 C;73A3D +/= / 0; E8A:6C26 </o6 6=84356D +3
=8:/A6 E80A/A3 E:35/A6153 0 </o3= 6= 8435/= / ./A8 oA8@ B:8. 8056q/25/@ = 8r6A6 7/ 06 E6256A6
0A6E623oA6= 78 0<89 = ;1A373=62.382/1289 06C6 3 030A6= / 87 V` 6/B:3 3 30A:/r;56A6 0<6 828 oA8
A; 8AB:356A6D

Q. E8=8q 8056q/25/ <3 q6A6 = 8q3 :6q3 7/ 13 06 26oA8 789/p/ 313 26D )8936B3 ;= q6 06 0/=
30B15;63A3 B/7 06 26oA8 76o/</ ;B813B8 A35618 2356 ;B15;6628 ; 8056q/25/D #056q/256 :6930A:;56
E:8=5626 ; F:6B<62435/= /D )8936B3 ;= 26 E:3=56q;56 E:8=5626 ; F:6B<62435/=/D

+3 78r3<15/</A6 56728 C; p6256@ E:8=35625623H F:6B<62435/D +3 0A6 <8p623 7/ E:8= 35623A6 = 2896
735618<6 </o3H r3<8A/ 3 7/ 06 87:6B26A6 =2893H 0A</:3D $6= 85A6 06 87;E3:/A3 A3= E:8=562/=/ 3
8056q/A3 06 B/8 7/ 9;C3A6 B82A:81; 56: </= 2356 E8.2/A8 828 oA8 781/.3 3 ./A8 oA8 </= 06 6323 7/
</= </o6 6=84356 E86325; 0A/5/A3 2/ E;A;D +/o6 6=84356 567280A/<28 r616 7/ </= E8B/r;
26oA8j </= / 06 A8 26 0<3p/ ./A8 oA8 =3013A6 7/ </0 A6 </o6 6=84356 8=6A/5; 313 7/ </0 826
=89; 80:/= 8A3A3D

M;73A6 E/=6A23D ":;93 E;A@ B/7 06 2/p6A6 ; 567285 87 A3H 6=84382/123H 03A;/435/@ :643A6 87=/H
06C3@ k" 8C:8@ .2/= oA/ 06 789/p/j 26q; 78.<813A3 7/ =6 8<8 ;H</A3D G2/= 7/ A; E80A853 26oA8
oA8 A:6C/= 2/; 63A3@ 3 26oA8 oA8 A:6C/= E:8= 35623A3D */ <56:;56= 7/ 0/= <8p62 3 7/ 0135673=
567/2 ./4:A/2 E1/2@ A/B8 7/ q; E:8<56:3A3 E80A853 13 A; 26oA8 ./ = 626 26 80;75;5;q3@ 2698 0/=8
E:/A6q3 A/5 A8B\

OG/HA356</= 7/ 0<6 =856 E:8=5626 78p; 0/ 56728= :/78oq;@ 13628= 039;:28oq; 3 H/:=82358= D
'8 56 =85 =8A8D %<6 oA8 2/= 56:/</= ; 0<8585 6<81;4353 56 E8B:3<628 A3=6\ */ 78r3<15/</=
:/780A@ 039;:280A 3 H/:= 8235;D '/B8 q; 3q3 ./56728 0 A8= 626:9358= 3 <3756A3 oA/ 06 A8 B87 =626
=35625/ 3 669/ A:6C/ 7/ 06 87:6B26= Dk

L/7 </o/ 056q/25/ 230; 45618B;E2/ 3 78B 230A6 87985313 ; 06C3 56728 E8<56:6256@ <3 06
30B15;6;56A6 ./A8 oA8 26 :/.;=356A6 oA/ 06 76o/</ B/7 E80A/26A6 0E:6= 23 7/ 06 E:8=35623A6D G/
15;76 0/7/ E80A/56 3= E6:/A3< A8 7/ <56:;5; 0<8= 6=84382/128= 462A:; 3 7/ 7561;5; ;. 25698<;
E8=8qD L/7 k0A</:3k /BA3<3:/5; </o 6= 84382/123 462A/: 3 78<67; </0 ; 03A;/435; 7/ 06 261/98728
8056q/A6@ 0;863A6 06 0 823= 8056q/53= / B853 </= 06 26 0<3p/5;D

'8 56 </o/ 0;oA32/D '3 8056q/53 0; </o 2/B3A@ </o/ :3.234/@ </o6 7:/98 B/= 6256@ 3. 669/ = 8r6A6
;63A3 8 0<8= 3762A3A6A;D #23 0; </o/ 870B862/ 7/0B/ 3 0 253= / 23B/7/ 26q6 C3A3 0<:o628D +3 3H
26 = 8r6A6 87C/43A3 2/ 0A:/2; 3 :6q3@ kM15/B@ 26 0<3p/ = 3 06 A8 B/B/< 0/= 827/ C38ak >6p;A3=@
<3 = 8r6A6 E:8= 35623A3 8289 k06C6k B853 56 E80=/A:/8 :6/1280A 2/ 82/B/< 2/632D L/7 2/0A/<3A6
0/ 0<853= E:8o3:6256= 0<560280A3 3 0A34/256= 56726 o3:6 0E8.2/56 8 A8=6 B8 0A6 <3@ 827/
=8r6A6 E89167/A3 ;2/./7 2/ 8289 62A3A6A/ 3 2/ 828= =560A; 3 A/B8 0A6q3 5672; E8AE;28 28<;
0E8.2/5; 8 A8=6 B8 0A6 <3 827/ C313D '/5 E:8460 06 26E:6B3728 87<35/D +3 q6A6 E866A3 7/ <3p/A6
A8 567/2 B87 7:;989D

?8oA;5A6 0<856 E:35/A6156 B/7/ 3 823 E:81/.6 B:8. 253H8<6 k0A</:3kj 0/= 8 06 26=85A6 A; E6A15/A3D
-B8 56 A8 ./ </0@ ;6323A6 A8@ /13 26=85A6 E8= /9/A3 7:;93=/ 7/ E:87;r/</5; 0<856 13626 7:/= 6D
+:356= 6 56 7/ 06 E:8p6 B:8. A6 k0A</:3k / 26 7/ 06 87 A89/ E:/<3 26B3 C:87<650B3 o8; E:89:/=
B853 A:/56 98732; 7/2/D

>3 </= 0;96:3o6= 8 7/ 0<85; E:36; 30E:36/A6 7</ 78 A:3 E;A/@ 3 A8 56 0<6D +3 26 A:6C/A6 7/
30E:36/A6 0<6 0</B8=6@ ./A8 oA8 3 0<3 7:;93 3= /5; 0<856 k0A</:3k B856 06 253=/ A/B8p6 76o/</5;D
"/ 13 :/.;=356A6^ L/7 26E:60A/28 E:36/A6 8 </o3= k0A</:3= /@k 827/ </= E:8= 366 828 91/<28@
./A8 oA8 <3 827/ E:36/A6 ;=560A8 7/ :/73A6 3 E80= /A:/A6 828 8 66= ; 0/=3 98<8:3A6D ?:36/5;q3
0</B8=6 8 828=6 oA8 06 .C3</ 0 </=/ <3 567280A/<28 r613A6 7/ E:3<;66A6 E/r25;@ / </=/ A8
2356 E8A:6C28D

"6o/</25/ 0; 0A/12/ / <3 0 253=/ 23B/7/ 30A320B3 26 ./<:o/</A6 ./A8 oA8 06 A; :/73 8 </o3=
k0A</:3=/kD QB813B8 56 ; A8 <:356= 6 26oA8 ./ </0 C8128@ =3 </= 9/:/2A;56= 8 7/ q6A6 B/02356
2/3q3 2/ 01362; 03A;/435; / <3 q6A6 <6q 3=/A3 56728 0A66628 :/.;=356</256 B/B<8 E:356 230A6
3=/13D +3 q6A6 9167/A3 2/ A; 03A;/435; 3. 56726 0/0<3= 7:;9/6356 E6:0E6BA3<6D

#28 oA8 06 0/7/ E85/<15;56 A8 0; 826 0A</:3 B856 0; </0 ; E866AB; 0E:66/</16 7/ <373A6
:6/1280AD '8 0; 735618<3 </o69 6=84382/1289 A3561/ ; B856= 56 0/8C:/q/523 030A6= C38 E:6056q62
3 32F8:= /4356 230; = 8916 7/ A6B;@ A/B8 0A6 <3 E86613 7/ E/A3A6 / 0<85 6= 84382/123 C81 0A6 E:6<613
3.</2 0<89 F3.36B89 A3561/D

>3 0<3=/ </= / E:6E8:;6;56= 8 7/ 2/ 06C3 E:3= 5623A6 A6:/E35; B85/ 56 8:3562A3:/2/ 2/ '&*()#D
M318 B85/ <:0A/ :/7/ 2/ A3561; 567280A/<28 E87:/.;= 356</ 78<8p6256 626:9356 3.</2 B80= 80/ ;
</o6 A35618@ ;1356</5;q3 ; 2569/ 3 </o/ 7:;9/ A3561/ ! =62A/128@ F3.36B8@ 6= 84382/128@ 3 0E3:3A;/128
N 3 ;0E80A/<15/5;q3 ; 256= ; 5672; 626:96A0B; =:6r;D

L/7 06 A/ 62696A0B/ =:6r/ 78C:8 ;B8= E82;56 3 ;B813B8 <3 26 C18B3:/A6 461;1/:2; =6= 8:35;
UE/= q6256 2/ 23<8; q61356@ E:3= D E:6<DZ@ A6 A/B8 78.<813A6 N 626:9353 7/ 0A;E3 ; </o6 A35618@ A/
626:935/ q6 06 B:6A/A3 B:8. </o6 6/B:6 3 2/E/5/A3 A35618 25698<3= 32F8:=/435/=/D

QB813B8 06 <3 ;E1/o3A6 313 ./A<8:3A6@ 313 ;B813B8 E8626A6 7/ B:3<3A6 7:;96@ 313 7/ A8 2693:/A6@ 827/
q6A6 06 2/q3 ; oB:3E4;D '/7/@ 3/B8 0<56A180A C;76 A6B1/ ; </o6 A35618 82/ 06 26q6 = 8q3 ;0B1/73A3
0/ 25698<3= 030A6= 8= 626:96A0B6 = :6r6D '/B8 q6A6 06 <3 2/q3 ; 56728= H/80;@ / 0<3 7:;93 q6
06 A:;73A3 7/ 06 7:r6 E87/156 87 </0 ./A8 oA8 q6A6 <3 o3:3A3 A/5 H/80 3 8B8 06C6D

R/80 56 0/0<3= ; :67; B/8 = 560A8 9756 26B8 =8r6 8C3A/</A3j 26= / 23oA/ 18o6 oA8 06 H/80/
A366@ 0<6 78B 26B8 A/=8 0A/128 26 C8:/<3D

L/7/ 2693:/A6 6= 84356@ <3 E:3.3</A6 7/ 06 <613B6 96818oB6 E:8=5626 2/ G6=153 789876 ;2;A/:
</o6 E03H6D QB813B8 78.<813A6 7/ 06 26B3 A8:2/78 E85/<6 8<756@ ;:/9/2 A/=8 313 26B/ =/25/
<;1B/20B/ 6:;E435/ A; 3 A/= 8@ <3 827/ 78.<815/</A6 0<853= 6=8435/= / 018C87; 3.:/r/</25/ 3
826 827/ 26q6 73<15/A3 ; E:3:87285 8B81323 </o6 136280A3D

#056q/25/ 0; 828 oA8 0E/5/ </0 0 </o8= H;=/28oq;j 8056q/25/ 0; 828 oA8 </0 0E/5/ 0 </o3=
6= 8435/=/D #28 oA8 =3 A<:73=8 A8 56 7/ 6=84356 313 8056q/25/ E:670A/<15/5; B15;6 ./
C3<0A<8</256 ; 56728= r3<8= 0A/25; ; 8<85 :6/1280A3D ?80A856 = 2896 :6/1280A3 C6. 6=8435/ / ;
8<85 :6/1280A3 826 0; </0 2/5<6q3 7/:D

QB813B8 <3 2693:/A6 </o6 6=84382/128 0;0A320B8 C3q6 ; 8<8= r3<8A28= <356B;@ 827/ A:6C/A6
0H</A3A3 7/ 0A6 9/ 8C560313 8 B132D QB813B8 26 E80A/26A6 735618= </o69 6=84382/1289 C3q/@ 827/
26q6A6 = 8q3 7/ 8739:/A6 0<85; ;189; ; 39:; 8 B8585 </= E:36/=8D

M3A3 q6A6 567280A/<28 567/2 3. = /06 823H B853 9167/5; A616<3.35; 3 26E:60A/28 06 8056q/5;
r:A</= /D QB813B8 8056q/A6 C81 ;2;A/: </o69 6=84382/1289 A3561/ ./E3A/5A6 06 ./oA8 <56:;56A6 ;
A8 7/ 06 A/5 C81 A/=8 2/1/.3@ B8585 0<:03 A/5 C81 01;r3 3 ./oA8 0A6 06 871;6313 2/ A8 7/ 0A</:/A6 C81
B:8. 0<856 6= 84356D

G/oA8 230A6 3./C:/13 7/ 0A</:/A6 :/780A 3 <606156^

%<6 56 3.C8:D

>3 A:6C/ 7/ </0 E87056A3= 8 2/ A8D

4(%5-657& :9 ! &23435/435/ G6=156 B:8. &2A69:3A6A

#</ E:61356E/ G6= 15/ 56 5672/ :3.234/ A813B8 7;C8B/ 3 <6136/20A<62/ 7/ 82/ E:3<1/63 3 826 3.
7/16B89 0<6=3:/ 7/ 78p; 8</= 8 3 73<6 06 156E8A3 B85/ 06 8<756 2/1/.3D >3 C3 r615613 7/ 3 <3
8056A3A6 A/B<; 5672; 156E8A; ;2;A/: 06C6 3 E;0A3A6 56 7/ E;103:/ ;2;A/: </o69 <1/0A3A89 C3q/D L/7
78.<813A6 A85 156E8A3 7/ ;p6 ; </0@ 82/ q6 </0 7;C8B8 E8A:60A3 3 <3 q6A6 B/8 <:0A/ E866A3
E:8E8<3567/A3 B/B8 56 ;156Eo/</256 G6=156@ E8:67 0<69/@ E:<3 E:38:3A6AD >3 r613= 8 7/ ;C/43=8 ;
</0 B134; 8<6 37656 A/B8 7/ <3 =8r6A6 ; 06C3 7/ E:8C;73A6 0<85; 8798<8:280A E:6= / G6= 153D

?:8C;7313 0=8 ; </=/ </o; 8798<8:280A E:6=/ 06C3 0/= 3= / 3 <3 06 2/1/.3A6 2/ E;A; 7/
E80A/26A6 2/5C8153 oA8 =8r6A6j 660A3A/= 8 </=D
%/7/@ oA/ q6A6 <3 A8 ; 6323A3 ./ G6= 15; 3 B/B8 q6A6 A8 ;:/73A3^

>3 0= 8 </0 E87;6313 7/ ; 0</B8= =89; q6= =8= 62A; ./HA356</A6 828 oA8 56 2/5C8156 ./ </0D %
8C.3:8= 7/ 56 G6= 15/ </o 78=@ B/B8 q6A6 <3 0/7/ E:8o3:3A3 A; 626935; 2/ G6= 15; 3 A/B8 ;A34/A3
2/ 8<; E1/26A; ;. E8=8q 8289/ oA8 .2/A6^

L813B8 56 </0 o6A/18 E8 0<8= <1/0A3A8= 3= /25; 0= /A:/5;q3 9/ 56723= 0<6A3= =560A8=@ 3 7/</18
G6=153 2/ .2/256 B813B8 56 435623A6^ '/B</ <:0A/ B8=;23B/4356 ;0E80A/<3q6 </o 87280 0/ 8<8=
1356E8= G6= 158= D QB15;63A6 06 ; A/5 E80/8D ?89167/5A6 0<856 0=6q6@ 828 oA8 C/4/A6 3 669/
230A6 0<56023D '8 56 567/2 30A320B3 87:/. 8289/ oA8 0=8 </= 0/<56A8</13 7/ :/73A6 0/= 3 0/
08C8=D

?80=/A:/5A6 0<856 = 3013 3 0= 6q6 B856 0E;A/</ </o; E03H;D %<6 828 oA8 0=8 </0 ;6313@ <3 = 8r6A6
E:8o3:3A3 2/ G6= 15;D ,756 987 7/ 376A6 B8= ;2343:/5A6 0/ G6= 158= 3 7/</5A6 585 2/ .2/256 7/ 06
C;73A6D +3 =8:/A6 ./= 3o15/A3 06C6 B/8 5672; 0<56A1802; 23Aj 9756 987 7/ 376A6@ <8.3A6 06 313
16A3A6@ <3 2803A6 </o; 23A 87 0<56A180A3D L/B8 06 <3o6 3 <3o6 A/B<3H 0<56A18023H 23A3 30E:6E13q6 8B8
8<6 E1/26A6@ A/B8 q6 A8@ 2/ B:/5;@ 78<60A3 78 E85/<6 567289 <6136/20A<6289 B80= 36B89 A/1/0/
0<56A180A3D

>3 0= 8 ; 0<356A; B853 06 2/1/.3 2/ 78= /B; 56726 0A/2B6@ E:356 2698 oA8 ./E/726 ; 8EoA6 1;7318D
+3 = 8r6A6 78E:3256A3 0= 3:625; 0A</:3 ;. E8=8q 567289 0<560289 E:37/</25/ <6q6 E/r256 G6= 153D
%<3560A B85/ E:678=323:/ 2/ G6=153 ; 8<8 <:356=6@ E806C28 ; %567325623= -= 6:36B3=
":r/</= /@ 0= /A:/ 7/ 56 E805678</256 2/5156Eo69 A:/<25/B/ 03= C81 0A/A;0/D " / C3 0A6 3= /13
A:/<25/B B853 2/5156Eo6 3.9167/@ <3 B8:30A3A6 oA8 56 =89;q6 <3o6 E60A3437/ 3 H6= 350B3H p;C:3</ 0<6
78B </o A:/<25/B 26 78C356 3.9167 A6E3H/ ; </o85 726<285 08C3D #7/B16 56 78o/8 A/5 030A6=
<:3567280A3 3 B/B<89 82 3= / 0= 301/^ %= 30/8 ; A8= 030A6=; <:3567280A3 56 ; A8=6 oA8 56 26B8
2/E:/<38 E/:6 2/ 26B8= E:83.<87;@ 0A<8:38 = /:B62A3oB; B/=E/25; B85/ 56 A8= E:83.<87; 7/1/
1693A3= 280A / 827/ 56 26B8 A8 B;E38D

L8=;2343:/5A6 0/ G6= 158= @ 01;o/5A6 56 3 E;0A3A6 7/ </0 8</ E:6B:/02/ E1/26A/ ;63 B/B8 7/
r3<3A6 ; H/:= 82353D '8 56 0E8: E:8460 3 <3 A8 26 = 8r6A6 7/ 2/;63A6 E:6B828q3D %1;o/5A6 G6= 15;
B/7 B/r6@ kR 65@ 7/ 13 C3 0A6 <3 <815613 7/ </= 26B8 E803E/ B8r; E60A34373= /^P '8 56 828 oA8 06
76o/</ B/7 3H <3 E803E/A6 E8 .6= 153D G6= 15/ 56 8056A3128 C3q6@ 313 0B;E32/ C3q/D '/ 8056A312/ C3q/
B85/ 6326 G6= 15; 0A391/ 0; 8</5 B816BA3< 0<3560A3 .C89 15;C/<3 ./ 567320A<8= A6 0<3560A3 3 0/
r6158= 7/ 78r3<6 A8 7/ 823 E:670A/<15/5; 567/2 78= ./ 0<3560AD
'8 56 B/8 oA8 <3 01;r3A6 B/8 78= ./ C/BA6:356 3 0<6 826 7:;96 0A</:3 B856 r3<6 2/ </o85 B8r3 3
;2;A/: </0D +3 0/:/p;56A6 0 253= /D G6= 15/ A8 :/.;=356@ 7/ C3 C31/ 0<8585 75643 78C:/ =/5B/ 82/
=8:/ E;0A3A3 7564; 7/ 2/;66 0<856 <1/0A3A6 16B4356D +/o6 16B4356 0; 2/:/<28 16B4356 3.
8798<8:280A3D -B8 r613A6 26oA8@ ; <6.3 0 A3= E80A856 87:6p626 0A</:3 B856 =8:/A6 7/ ;:/73A6 3
8798<8:280A3 B856 = 8:/A6 7/ E:6;.= 6A6 B/B8 C3 80A</:313 0<856 43156<6D G6=15/ ;63 15;70B/ C3q/
7/ E80A/2; 8798<8:23 78.<815/</5;q3 </= 7/ E:/<3A6 :/.26 E8:6= 6q/56 2/ 256285 B8r3 3 ;
256285 ;2;A:/o2580A3D

L/7/ G6= 15/ E80A/26 ;9:8r62/ A5D B/7 68<566/20A<8 E:6<:o3 0</B; =56:;@ G6=15/ q6 E:67;.6A3
0<6 oA8 56 E8A:6C28 B/B8 C3 2/;631/ 15;70B; <:0A; B/B8 7/ 06 2/ 567/2 30E:/</2 2/632 C:326 8
0<8= 78=;@ A/B8 7/ C3 <3 B/8 15;70B/ C3q/ = 8913 7/ 2/;63A6 5672; </r2; 16B435;D Q 0<8585
C8r/20B85 15;C/<3 ./ 68<566/20A<8= 3 C8r/20B8= E:3H</A/25; 0<856 ;1896 ;63A615/@ G6= 15/ q6
</= E8<56:3A3 0<856 <1/0A3A6 A/526 A/B8 7/ <3 = 8r6A6 :/.;= 56A3 B/B8 7/ H87/A6 0 56723=
8056q/56= 0/:/7256 3 15;C/<3 E:6= / G6=153 / 26 7/ H87/A6 E8 2585 0 26E8oA8</256= D

'8 26= 328<28 <873 78 56726 <68=/ <56:8</A26 =89;q280A3 7/ q6 G6= 15/ E:67;.6A3 26B6 <613B6
96818oB6 E:8=5626 B/B8 C3 E:3<;B1/ E/r25; 15;70B6 0<3560A3 3 ;B/./1/ 15;73= / 2/ 828 oA8 0;
E:8E;0A313D QB813B8 `[ =31382/ 15;73 260A/26 ; 56728= E8E8726<; ;01567 A6BA820B3H E8:6=6q/5/
2/ G6=153@ = 8r7/ q6 06 7:;93 15;73 E:8C;73A3D

>8r7/D

+3 0A/128 01;o/A6 E:8:86/20A</ 8 E:8= 562/= / 2/ G6= 153D $6B3 87 </0 0; 3H E:3H</A313 0/ .:28=
0;=256D $ 30A6 E8= 301313 7/ C3 06 826 = 8916 7603A3 </= /@ = /7/ 0A6 ;.613 ; 8C.3: A8 7/ 06 826
=89; 7603A3 26B8=6 7:;98= 313 ; 28<32/=/ 0 7:;96 0A:/26 E1/26A6D sA/ /B8 06 A6 E:8= 5626
7606 30E:67 </o69 B;q289 E:/9/ 313 ; 9:/7; 78 </o69^ sA/ /B8 78p6 78 :;o625/ 91/<23H
9:/78</ ; %-"!;^ sA/ =3013A6 B/B8 q6A6 06 8056q/A3 B/7 06 E:8C;73A6 56728 5;A:8 3 0/.2/A6 7/
56 78o18 78 0A</:/25/ E:8456E/ ; .6= 153 87 $ 5;58:B/ 78 +/o329A82/^ "/ 13 q6 </= A8 C3A3
78<81528 7/ </0 = /18 E:87:= /^ "8<81528 7/ E:630E3A/A6 3 E:6018r3A6 </o6 r3<8A6^

+3 E80A/56A6 0<5602353 8 A8=6 oA8 06 .C3</ ./A8 oA8 0/7/ 26B6 28<326 8C5/<15;5; A/B<6 E:366D '6
E:366 0;@ ; 0A</:3@ A; <6q E:313628 7;98D ?80A856 26B3 B853 06 C/<6 ./oA3A8= E:3:8726 0:67326 B853
E:36/5; 8 A8=6 <6q `[ 98732/ /13 15;73 =3016 7/ q6 06 A3 E:8C16=3 :356o3A3 0/= 3 E8 06C3D #03=
A89/@ E:366 8 ./oA3A3 </o6 E:3:8726 8B81326 26 E8<6q/</5; E:87/5; 28<32/@ / ; 87:6p6285 = 56:3
15;73 230; 23 ./32A6:608</23 7/ 2/;46 260A8 8 253H8<85 8798<8:280A3D
'/B/< 253H8< 87280 E:6= / 0<6=; A8=6 3./.</q6 5672; E8<:/A2; :6/B435; / 827/@ <6q32/ 15;73
q6 06 E82/o/A3 3928:/A28 3 A<:73A3 B/B8 56 78 0<69/ A89/ 78o18 26866B3</28 3 3.262/7/D %A</:3
q6 E80A/A3 A813B8 8.C31526 7/ = 3 =3013= 8 7/ q6 26B6 7:r/<6 6/B ./C:/23A3 B8:3oA6256 /;A8= 8C31/D

?:8=5626 2/ G6=153 3 25626 16B4356 q6 ; 8<8 <:356=6 3= /A3 <6.6 0 =2893= 0A</:3=/D L/7 06
F:6B<624356 = 35625/5;@ 0<6 06 =35625/D L/7 06 F:6B<624356 =35625/5;@ A8 56 B/8 7/ 06 0613A6 3.
<1/0A3A6 B;q6\ 63A/</ E:3:872/ 0:6732/ 06 = 35625/D '6 E:8=5626 0; ./= 3o15626 A/B8 7/ E87392;
0</6353 r3<8A 2/ 567/2 <3o3 23<8D #26 0; ./= 3o15626 A/B8 7/ 78<67; 0</B89/ 78 567289 156Eo69
=560A/ ./ 8E;oA/256 3 :/.=3o15/256D #26 0; ./=3o15626 A/B8 7/ 8018C876 15;70B/ C3q/ 87
E/:/739=6 7/ 56 </o 0<356A 6<:0A6 E:3:876 ; 56728= <68= / 89:/236628= 0=301;D

L/7 ;28o6256 B</13A6A/ ; 0<85 r3<8A E80A/26 E:38:3A6A C:D V ./ 15;70B/ C3q/ ;. E8= 8q
E8oA8</25/ B</13A6A/ G6= 153289 r3<8A/@ A/7/ q6 C3A3 <68=/ =/18 A6BA820B3H E8:6=6q/5/ 2/ A85
E1/26A3D >6p;A3=@ <6q32/ 15;73@ E898A8<8 ; G/E/728= %<356A;@ B82462A:3:/2/ 56 2/ 567/2
<68= / 7:;9/6353 B</13A6A r3<8A/\ B813B8 616BA3623H ;:6p/5/ 3= /5;@ B813B8 9/:76:8C6 06 2/1/.3 ;
253H8<3= 8:=/:3= / 3 B813B8 /;A8= 8C31/ 3= /5; ; 0<853= 9/:/r/=/D #23 230; 0<56023 B/B<6 0;
E801567346 E:83.<87256 0<3H A3H =/A6:35/1/ 2/ A8 8056q/528 C3q6 B856 56 </o :873A615D

QB813B8 06 15;70B/ C3q/ 26 E:8= 35626 N ;B813B8 823 26 2/E:/<6 5672; E:8=562; ; 0<8=
<:6728</25; 0A</:3 3 ;B813B8 26 0H</A6 7/ C6. G6= 156 823 26 C3 =8913 C3A3 8<756 N 827/ q6
G6=15/ 3. 15;C/<3 E:6= / 0/= 85 06C3 3 0<8= <1/0A3A8= :/.<85; ; 0= 301; 7806./25/ 56726 <3o6
F:6B6<624356@ E:67;.6A3 63oq6256 B856 q6 56 8E6A 78<60A3 78 :/<28A6r6D ?80A853 = 89;q280A 7/
567289 E8E8726</ =2898 15;73 2/E;0A3 8<; E1/26A;D >8r7/ q6 827/ 0<3 7:;93 E866A3 7/ 06
C;76 ; <6.3 8289/ oA8 06 .C3</D J35618 <:356= 6 781/.3 78 87:6p623H 76o/</25/ B85/ </0
E870A3q;@ 8H:/C:;5; 3 2/<876 7/ 0H</A3A6 7/ q6 78 E:8=562/ 2/ 918C/128= 23<8; = 8:/A3 7/
78p6D ?80A856 :/73B/123 E8B:6A3 B853 q6 F628= 62/128 C:.8 :/0A3D #28 oA8 q6 06 7603A3 0/ G6= 158=
./<303q6 87 A89/ B813B8 56 0</B8 87 </0 <815/2 7/ 06 E:8= 35623D

L/B</ 56 </o/ 8798<8:280A ; 0<6= ; A8= 6^

L813B8 0A6 <3 <81523 7/ 06 E:8=35623A6^

"8o18 56 <:356=6 B/7/ <3o6 2356 78<81528 0/=8 E:36/A3 8 A8=6 2698 A8 E:67;.6A3D
L/7 06 E80<6A3A6 = 35625/25; <1/o69 <1/0A3A89 r3<8A/@ <3 q6A6 /;A8= /A0B3 ;6323A3 A; E:8=562;
780A;E28= 4356185 8<85 E1/26A3D

G6=15/ r;73 ./ 0<853= 32A69:3A6A8= D

#</ E1/26A/ 06 0/7/ 8056q/ 13o628= 0<89 32A69:3A6A/@ 769:/73:/28= 3 26<815628= D
G6=15/ </0 <813 3 7/56 </= = 560A8 9756 =8r6A6 75618</A3j A8 56 567/2 r3<3 8:9/23./=D G6= 15/ 06
0/7/ E:3E:6=/ 7/ E828<8 ;0E80A/<3 0<85; 45618<3A80A 3 7/ </= E:;r3 =89; q280A 7/ :/.;=356A6
B813B8 56 </r28 7/ <813A6 06C6@ <816q3 G6= 15;D
+813A6 06C6 3 <813A6 8<; G6= 15;@ ./A8 oA8 0; 823 30A8D

'6BA820B6 E:8=5626 2/ G6=153 C3 = 8916 8739:/A3 5672; </r2; ;189; ; 01/= /25; 8<89 030A6= /D
#26 q6 78<60A3 78 :;o625/ 8039;:/</5;q3H 7:;oA/</@ oA8 q6 2/7/156 78<60A3 78 :;o625/ =2893H
7:;93H 030A6= /D >2896 C/2B6 E:87/5; 0<856 H3E8A6B6 8039;:/</5;q3= 7:;oA<3= /@ /
8039;:/</5;q/ 7:;oA</ 32<60A3:/5; <68= / = 2898 ; C6.<:356726 8C<6.2346D Q 01;6/5; 58o
26B813B8 B/A/0A:8F/ B/8 oA8 0; ;:/9/23 313 .6= 158A:60 ; %/2 ]:/2430B;@ ./56728 0/ :/A8<3=/ 3
E87.6= 28= 6B828= 358= N oA/ =3013A6 B813B8 7;98 q6 823 C3A3 ; 0A/25; 7/ E801;5;^
$/ E/E3:;@ 58o ;<356B 23B8 2356 ;0E568 A8 7/ E:3=56A3D *8o ;<356B 56 0A</: 0/= 8 ; 66B8<3= / B853
06 E:6C/4;5; 3. 56726 C/2B6 ; 7:;9;@ A/B8 7/ 06 0<6 87:r/</ A6B = /18 3.2/7 E8<:o326 <876D
'/B8 q6 96818oB6 E:8=5626 2/ G6=153 <3o6 2698 <56:8</A28 C3A3 2/ 26B3 2/632 30B8:3oA626 7/
0:;o6 0<6 A8D ?:8=5626 2/ G6=153 q6 A/B8p6 78<60A3 78 E8<6.3</25/ 3 E8C5676 15;70B89 7;H/
./A8 oA8 46 = ;oB/:43 3 r626 3./q3 2/E8156 7/ E8= /r; 7:;93= = ;oB/:43= / 3 r62/=/@ B/7/ 78 p6
78 B/A/0A:8F6D '8 E8<6.;56 15;76D

?80A853 A6H2818935/ ;. E8= 8q B856 06 8<8 = 560A8 = 8r6 <68=/ C:.8 8630A3A3 B/7 C3 A8 C318 A/B8
E1/23:/28D >6p;A3=@ 0 8C.3:8= 7/ 15;70B/ <:0A/ = 8= 62A/128 26 8056q/ 23B/B<; 8798<8:280A
E:6= / G6=153@ A8 26 C3 3=/18 0<:H6D %/7/o25/ <:0A/ = 8:/ 2/;63A3 B/B8 7/ E8oA;56 0<856
9256.78D

%<3 <3 =8:/A6 2/;63A3 B/B8 7/ E8oA;56A6 0<856 A35618@ ./A8 oA8 C6. </o69 A3561/ <3 26 C3 =8913 C3A3
8<756@ / C6. G6=156 <3 A/B8p6 26 C3 =8913 C3A3 8<756D
+/o6 A35618 3 </o/ E1/26A/ E:670A/<15/5; 7</ 2/5<6q/ E8B182/ 3 7<356 2/5</r2356 0A</:3 B856 <3
E80567;56A6D
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2698 <56:8</A28 C3A3 ./H</q62/ :/A8= 26B813B8 E;A/D +3 q6A6 3=/A3 26B6 789/p/56 ; 0= 301;
./9826A23H 3 .C;25;5;q3H B80=36B3H 7:/= / 0/ </o8= B80=36B8= C:/q8= 2/ B853=/ 56 A8 7/
E:313628 5/<28 78p; 78 8798<8:/ 2/ E3A/256 B8 0; A8 823D
G6=15/ 06 2/1/.3 2/ B;:0; 567289 73= 62.382/1289 0;7/:/@ 3 =2896 73=62.356 q6 06 ;B:0A3A3
5672/ 0 7:;98= @ <56:8</A28 2/B82 8<6 76B/76D

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7/ C3 06 253H8</ 0<3560A 879;:/1/ ; 5672; 7:;9; E/:/739=;D Q 0</B8= 01;6/5;@ o8B 26 =8:/
;<356B 7/ E87:/.;= 356</ ;23oA6256D '8 567280A/<28 =8r6 7/ C;76 5672/ =6A87/ B/B8 C3 06
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9167/A3 2/ :6/1280A 2/ 30A3 2/632 B/8 oA8 0A6 2/ 25; 9167/13 = 8=62/A E:356D "8p6 78 567289
3.262/7289 ;7/:4/ ; 0A8=/B 3 87=/H 06 0<6 E:8=35623D #</5 0<356A 56 2/ E;A; 7/ 78r3<3
=2898C:8526 o8B8<6 3 A8 26 0/=8 2/ 23<8; 56726 2/4356D >3 98<8:3= 8 8 56728= 918C/128=
;B:oA/25; 73= 62.35/ E:313B8= 669/ q6 :6/1280A3 7/ 06 6326 B/8 7/ 06 :/0E/7/5; 0/=8 823= /
6356 :6/1280A3 A:6C/5; 7/ 06 E:87:=/5;D

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26E:60A/28 9:/2/A6 ; 7:;96 :6/13A6A6 B:8. </o6 = 3013D

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/ A/ 626:935/ 06 F8:= 3:/ B:8. = 3013 823H B853 ;.3=/5; ;66oq/ ;2;A/: 8<89 0<356A/D

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B853 r3<6 E:313628 7:;9/6356 r3<8A6 87 </0@ B856 E8.2/56A6D +3 0A6 F:6B<62435/ 3 626:935/D +3
E;103:/A6 ; 0B1/7; 0/ :3A= 8= 56726 626:96A0B6 0A:;26 B85/ </0 tB8= E82;56u ; 69.30A62435; / <3
0A6 585 A813B8 E:3<:r623 7/ 26E:60A/28 8C:/q/A6 E/r25; 0/= 8 2/ 567/2 /0E6BA </o3H
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=8q3 ;B15;63A3D

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7:;989 789/p/5/ B8569 06 23B/7/ E:356 230A6 056q/13 / 82 06 76038 ; 30A8 <:356=6@ E/:/16128 0
828= <666:8= B856 06 056q/A6D #27/ 0H</A3A6 7/ 0A6 ./ A/5 E:/.23B 30A8<:6= 628 C8:/<313 2/
7</ :/.1363A/ = 560A/@ 8728028@ 7/ 0A6 9/ 7</E;A 01/<313D '8 56 828 oA8 q6 </= 06 789/p/A3 B/7
</o 26:<23 030A6= E8626 7/ E;103:/ 2/ 28<3 2/632 / </o6 A35618 E8626 E828<8 7/ 0/0A/<15/
0<85; C3C138A6B;D L/7/ 06 0<56A18oq;!32B873:/2/ <1/B2/ 8C28<6 3 E8 62; 7/ 87/o315; 828 oA8 3=
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Q 8<3= 626:935/=/ B856 06 E85/<15;5; E80A853 <613B/ E81/:3./435/@ 0/ = 2898 ;66023B/ 3

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L813B8 <373=8@ B/B8 06 E8A62435/123 0<356A8<3 E86325; 7/ 8C:/.;5;@ 78q3 q6 78 89:8= 23H
E:8=562/ ;2;A/: 68<566/20A</ 2/ 8<85 E1/26A3D

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A/=8 E:37:;r3A6D

'8 56 E:313628 A6oB8 8C5/023A3@ ; 87:6p285 = 56:3@ ./A8 oA8 56 A8 3.</2 E87:;65/ A:8!
73=62.382/1289 78r3<15/</25/D

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26;E:15/2D

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</= 2;76 0<85; E8=8q E:313B8= 0<69/ A89/D

>2893= 15;73= / 06 6323 7/ 56 A/B/< 567/2 E8=/B E8AE;28 3.</2 0</B6 <56:8</A28q6D

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8<756@ 3 823 8=6A/5; H/:=8235; 2/ G6= 153D L/7 78p6 828 <:356=6 B/7 =8r7/ `[ =31382/
8756728= 2/E;0A3 8<; E1/26A;@ B87 823H B853 80A/2; 78q3 q6 78 56726 89:8= 26 E8=5626 ;
253H8<85 0<3560A3D

?:8o3:3A6 06C6D

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L/7/ G6= 15/ E8626 7/ 06 E:6=356oA/ U; <3o; t73=62.35;u@ E:3=D E:6<DZ@ 26q6 0<3 78r3<15/</A3
5672; A6 30A; 0A</:D

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$7&$(G $(6(G )"&36&$2#7(G E

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'/B8@ ./ 5672; 808C; A8 =8r6 .2/63A3 B:/5 r3<8A/ 82/B<89 B/B<89 9/ 56 82/ E8.2/</1/ 3 E:80A8
:/./:/256@ 78B q6 26B8 26B8 7:;93 78r3<56A3 A8 B/8 0A/256 6B0A/.6D

4('*(7& '6& G (%=U$('*#E

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B-7 6-$7'3# '6#7&* H"&>'*-657- I- 6-' ($( Q*( '& (>#%"-6- =$=*-" 6-'E

'/B8@ /B8 06 0<356A :/0E/7/@ oA/ A8 E:670A/<15/^ '8 E:670A/<15/ :/0E/7/256 313 :;o6256 8289/ oA8
56 ;2;A:/ B/B8 C3 06 0A<8:313 ;018<3 ./ E85/<; 567289 28<89 030A6=/ 3 56726 28<6 626:9356D

G/ </0 E80A/56 3= E6:/A3< A8 7/ <813A6 3 C1/980315/A6 0<6 E:8= 5626 ;2;A/: 7:;oA</ 3 7/ 06 26
E:67/56A6 0A:/H; 3 26=3:; ; <6.3 8289/ oA8 06 76o/</D

+/o ./7/A/B 56 7/ C;76A6 ; 823= <3C:/435/= / .2/25/@ 6/B 3/B8 </= A8 = 8r6 3.9167/A3
C60= 301628 7/ ; 0</B8= 789/p/5; E80A853 5672/ E:313B/ ./ ";H 7/ ;:/73 0<85 E80/8 3 7/ 06
;.73926D

+3 0A6 5672/ 3.</2:6728 13562/ <:0A/D

+3 ;0A;E/A6 0<85; =8q 0</B8=6 B8 H8q6 7/ ;:/73 26B6 0A</:3 ./ </0@ C318 7/ 06 :/73 8 </o6=
o6F;@ r623 313 =;r;D
+3 06 26E:60A/28 87:366A6 0<856 =8q3D

"/ C3 06 8B:62;13 E:6=/ 06C3@ </=/ A:6C/5; 26B3 789/p/53 B853 q6 </0 78<60A3 78 A89/ 7/ 06C6
0A/<3A6 2/ 6618 ;E:/<6 </o69 r3<8A/D M1/98018<3A6 A6 E:8=5626 B856 0A3r; 2/ G6=15; 3@ ; A3=
789/p/253=/@ <56:;5A6 7/ q6 06 = /23F60A8</A3 828 oA8 <3 5/028 r613A6D
$/q3 q6A6 06 E:67 56723= 30E3A8= D +3 q6A6 :6q3@ k"/ 13 0/= 5/ 8<756 r:A</^ "/ 13 06 8</5 0<356A
8B8 = 626 :;o3^ &13 06 0<6 8<8 8B8 = 626 ;.73r6 2/ 567/2 <3o3 23<8 78B 06 2/8B8 6323 7/ 781/.3
78 8EoA6 E:8E/0A3^k

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313 26B/ E:313B/ 7/ 06 E8<6r6A6 0 26B3= 7:;93=D +3 q6A6 A8 E:6E8.2/A3 3 :6q3 q6A6@ k'8 56 ./
=626D */ q; A8 E:3H</A3A3Dk

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r3<8A;@ B/7 q6A6 ./A<8:3A3 <:/A/ 828= r3<8A; B/B<89 0A6 9/ 78 A/7/ E8.2/</13D M;B</128@
=8r7/ q6A6 06 87:6q3 B;66 B85; 3=/A6 3 3./q3 3. 256 0/=8 0/ E/: 0<853H 13623H 0A</:3D '/B8 26oA8
06 0/7/ 26 6323 = 89;q3=@ ./: 26^ $6oA8 ; </=/ q6 :6q3@ O#@ M8r6@ 7/ 13 56 8</5 0<356A E81;738^
sA/ 56 828 oA8 5/ 0=/A:/= <:356723= ^ sA/ 56 0/7/ 2/5</r235/ 0A</: ./ = 85 8E0A/2/B^k

#27/ q6 ";H ;q3 3 <873A3 </0 7/ </= E8B/r6 B85/ 56 A8 2/5</r235/ 0A</: ./ </0 8E0A/2/BD '8
=8r7/ = 8r6 E87:/.;= 356</A3 3 567280A/<28 30A8</:/256 26B3H 0A</:3 B856 E80567;56A6D
$6B3 87 </0 q6 ; r3<8A; 567280A/<28 0A/A3 2/ 253H8< B;623 E:/9@ E89167/A3 ;2;A:/ 3 0<6 q6 3=
3.9167/A3 A813B8 C6.2/6/528 56: q6 2/5C3A2356 0A</:3 ./ </0 E80A/A3 </o6 7;H8<26 <:3567280A3 3 </o
r3<8AD %</ 82/ = /A6:35/12/ 3=8<32/ 3 0A</:3 B856 0A6 0B;E313 23oA/ 26 .2/66 ; E8:6p625; 0 823=
0A8 <3 E80A/56A6D
>8r6A6 13 ./=3013A3 789/p/56 B853 q6 </0 2/A56:/A3 2/ A/B<8 E82/o/256^ '8 26q6 C3A3 26B3 03A23
789/p/53D

%56A3A6 06 7/ 56 0;7C32/ 68<566/20A</ 7/ 6<81;3:/D >3 </= 9/:/2A;56=8 7/ r3<8A B/B<89 9/

0/7/ E8.2/56A6 26q6 C3A3 30A3 ./ 7606A 98732/D #</5 0<356A@ B/B<89 9/ .2/A6@ 8</ :6/1280A B85;
0/7/ E8.2/56A6@ ;78C280A@ E1/23:/25/ 3 9873o253 87=8:3 3 0<6 0A</:3 B856 :/73A6 26q6 C3A3 8<756
./ 7606A 98732/D

+3 0A6 8<756 .C89 </o6 13626 6<81;4356D L/B8 q6 78q3 78 A6 6<81;4356 o3:8= 0<356A/@ A8 q6 C3A3
E:313628 32A6:60/2A28D > 3 26 98<8:3= 8 8 6<81;4353 26B813B8 7606A32/ 15;73j =3 98<8:3=8 8
6<81;4353 </o6 <:0A6D $6B3 789/p/53 =8:/q6 7/ 06 7606 B/B8 C3 2/A56:/13 15;76 7/ 06 E:8C;76D '8
56 :/.189 ./oA8 q6 E:670A/<15/A3 3./.8< ./ </0 7/ r3<3A6 0<85 r3<8A H:/C:8 3 7/ C;76A6 H:/C:3 B/7
r3<3A6 0<85; 0<56A180AD

>3 </= 0/<56A;56= 8 7/ E8626A6 2/= 56:/</A3 7/ 06 ;6625/ -= 6:36B3H &2735/2/4/ 2/p; 2/
</o6= E;A;D ?8623A6 7/ 3H 30A:/r;56A6 B:8. 32735/20B6 0/;26@ .<;B8<6 C;C256</@ E1608<6 3A7D
'8 q6 ; </=/ E:8C;73A3 = 2896 0A</:3 3 E8;63A3 </0 =2898 A89/ 8 G6= 153D +3 0A6 B873:/23 ./
:3A;/16j B/7 3.<873A6 :3A;/16 </o6 A35618 E863256 7/ 06 056q/ 8289/ B8 0A6 <3 3 oA/ .2/A6D

L813B8 <373=8@ 15;70B6 ./5672346 313 B8= ;26 E80A/q6 ;A34/526 76<67606A3H 98732/D #26 q6 06
F8:= 3:/A3 2/ .6= 153o23= E/:461/= / B856 q6 C3A3 <6136326 87 E67606A E/ 78 26B813B8 0A8A32/ /B:3@
=8r7/ 6/B <6136326 87 0/= 8 7</7606A E6A /B:3@ 3 A; q6 06 2/0A/253</A3 87 A:37606A 78 0A8 15;73D

'6 9:;E6 q6 06 .C13r/</A3 ./A8 oA8 q6 253H8<3 61/28<3 :6/98</A3 ; 0B1/7; 0/ 0<853= ;2;A:/o253=
.2/256= D
$8<6 A6H28189356 B856 q6 C3A3 B8:3oA626 ; A3= B8=;2/=/ C3q6 C/.3:/26 2/ 15;C/<3D
Q <6.3 A6H28189356@ A; 26= / 23oA/ 18o6D
$/5<6q3 738 A6H28189356 B85/ 06 7/2/0 B8:30A3 2/ 8<85 E1/26A3 01;r3 ./ E87</5/256@ =/23E;1/435; 3
B82A:81; 15;73@ ;=560A8 ./ 253H8<8 ;.73./256D
'6H2818935/ 0 15;C/<15;@ A8 56 B15;6D
>2893= 15;73= / q6 C3A3 7/A6 89:8= 26 B8136326 A6H2818oB3H 32F8:= /435/ ./ B856 q6 06 6323A3 B/8
7/ 0A3r; 238AB;7/D +/= / =8r6 C3A3 7/A/ 32F8:=/435/ ./ 26B3 E:82/1/./B / 7/ <3 26= /A6 E85= / 8
828= 6 oA8 A:6C/ 7/ 3.;=3A6D >8r7/ q6A6 = 8:/A3 7/A3 A8 26B8= 7:;98= B8 q6 A8 E:6A<8:3A3 ;
:6/1280AD )5;73 q6 :/73A3 ./56728 ; 567285 H/:= 82353 B/B8 C3 E:6A<8:313 ; 75618 A; A6H2818935;D

"38 6<81;4356 0<3560A3 E87:/.;= 356</ ;5673256256 56726 0<3560A3 0 7:;98= @ ! / 26 7:r/256 06C6
./A<8:623= /D

>8r7/ q6 06 B87 56726 808C6 E85/<3A3 26B/ 3765/@ 827/ q6 7:;9/ 808C/ E:6A<8:3A3 A; 3765; ;
75618 / A:6q/ q6 A8 E:87/A3D
L813B8 <373=8@ E85/<3q6 06 56728 89:8=28 E87.6=28 A:r3oA6 ./ E:82/1/0B6D '3 E:82/1/043 06
26q6 23B/7/ E85/<3A3 2/ A:/734382/123= A:r3oA3= / 56: C3 </0 2/25;o313 3 13B<373:/13@ ; 01;6/5; B/7 C3
06 0/.2/18 7/ 3= /A6 A6 0E808C280A3D >6p; A/B<3= B8=;2/= / 78q3 q6 78 :/.<85/ A:98<326 A3H
E87.6= 23H A6H2818oB3H 8AB:3q/ B85/ q6 ./ </0 8C/<15/A3 0</B85/B6 .2/6/526 0A</:3D

#7 <613B89 .2/6/5/ ; 8<8= </o6= r3<8A; C3 = 8918 C3A3 A8 7/ r3<3A6 ; 0/:/7253 0 15;73= / B853
<816 .6= 15; 3 A/B8 7/ 80A</:3A6 5672; .6=15/!E1/26A/ :6/B435;D
+816q3 .6= 15; 3 78.<815/</5;q3 E1/26A3 G6= 153 7/ .2/ </o6 2/= 56:6@ G6=15/ q6 </0 H:/23A3 3
E/.3A3D

'8 56 A/5 B15;6D

4(%5-657& :98 / R6:6A343 &0E:67 +:6= 62/

s6.7606A6 987326 C316 0; <:356= 6 E:3E:6=/D G/ <:356=6 253H E86613 0A6 06 C;73A3 / A8 0; C31/ 3
<:6=62/ ; B853=/ 06 E8B/./18 7/ 06 28<6 E/:/739= 6 = 89; :873A3D G/ <:356=6 A6 76B/76@ <3
0A6 3.262/7/ C313 87<;6623 87 823H =56:31/ <:3567280A3 E:6AH8723H 9626:/435/D s6.7606A6 0; C316
E;26 789/p/5/ B/8 oA8 0; E8B:6A ./ =3: 3 E8B:6A ./ 3.:/r/</256 156E8A6 A3561/@ B853 56
E:8=8<30/8 567/2 28<3 E89167 2/ A35618@ B/8 3 E:3H</A/256 3 7356156256 06B0;/1280A3 0/ E;28=
0<56028oq; N C6. 8756q6@ / 26 26B; E8A:/9; ./ 735618<3= / A3561/ 0/B:3<623= 30E87 01856</
8756q6@ B/8 oA8 0; A8 :/7316 E:6AH8726 9626:/4356D %<3560A 06 C31/ :8731/@ / E:8C;731/ 06 3 5672/
3765/ 8 =3:; 3 018C873D '8 56 C318 7566356 8C7/23oA6D

"6<67606A6 0; <:356= 6 B/7/ 06 7;H8<23 E8B:6A A:6C/ 78<60A3 2/ 8<; E1/26A; N 26 0/= 8 2/
26B6 25626 = /16 735618<6@ 2698 2/ 43561; E1/26A;D J 3561/ E1/26A/ 06 E80<;7/ C;73D > 3 E;A;56=8
8<8= E1/26A8= 3 =8r6= 8 </= :6q3 7/ 3=/A6 0<856 0/C8:46 2/ 0</B8= 68oB; 8<89 918C;0/D
'3= 0<56A180A3 B8569 <3 E:670A/<15/A6 8039;:/8 56 A8 7/ E8B:356A6 0<6 253H8<6 C/.6@ ./A8 0;
:/72343!0<56A180A3 E80<;7/D +3 0/7/ 781/.3A6 2/ 0<856D
L:6A/256 E:6= / 7;H8<280A3 56 B:6A/256 3.</2 =/A6:35/13.=/D '8B8= E801567253H 98732/@ = 2898
15;73 56 ./o18 <68=/ 7;C8B8 ; 0<85/ A3561/@ :69626:3o;q3 3H 3 ;156Eo/</5;q3 3HD '8 567280A/<28
E87:/.;=356</ 56728 E:3E:6= /256 ./ A8 7/ 06 <3 =8r6A6 E:6C/43A3 ; " ;HD #C1/0A ";H/d%E3:3A/
56 56728 <68=/ ;.C;7153<8 = 560A8D #2/ 3= / =2898 <3o6 F16B03C31280A3\ E80A856 =289/ =560A/
9756 06 = 8r6 E;A8</A3 3 78r3<56A3 <613B6 /</2A;:6@ / 23 9:/2346 26 E80A856D

K/.189 ./oA8 </0 8</ F3.3B/1280A F:;0A:3:/ 56 A/5 oA8 0A6 E:89;A/13 E:366 8 25623= 89:/2366253= /@
./56728 0/ ;7348= @ 031B8= 3 818<8= D +3 0A6 3H E:89;A/13 ./A8 oA8 0A6 06 018r313 0 A3= 7/ A8
;6323A6D '8 56 C38 738 </o69 E1/2/ 7/ E:3H</A3A6 A/ 89:/236625/ A/B8 7/ = 8r6A6 7/ 0A;E3A6 ;
<6.; 0 823= / B853 26= /5; E85=/ 8 A8=6 oA/ 56 A8 0<56A180A 3 B853 0; E:3H</A/13 A; A68:35; 8
0<853= 89:/2366253= / ./ <:356= 6 45618B;E26 0<856 69.30A624356D +3 q6A6 616BA:8= /926A0B3 7/
E:8=35623A6 8<; E1/26A;@ 7/ E:6018r3A6 25626 r346@ 7/ 06 A/B8 3.:/.3=8@ A/B8 7/ 06 0</ 82/
7:;9/ C3q/ = 89; 8E6A 2/ 253H E:3B15;63A3D +3 0A6 A8 = 8913 ;6323A3 0/= 8 ; 01;6/5; 7/ 06 3 0/=3
2/p6A6 A/=8 9756 0; 823D

"/ 0A6 <3 78o13 8<756 0/ 8A<8:623= C/2B/= / =6= 8:356@ 827/ 313 26 C30A6 r615613 80A/A3 313 26 C30A6
C313 ; 0A/25; 7/ :/.;= 356A6 7:;96D '/B8 0A6 ./:82313 ; 56728 7:;oA<8 B856 56 C6. 0<56A180A3 / 3 <3
0A6 ./C8:/<313 2/ 0<85; 0<56A180A U313 0A6 06 56 0/=8 265/028 056q/13 78B 0A6 87:/0A/13Z A/B8 7/ C3
0A6 06 = 8913 ;B18E3A3 ; 8</5 0<356AD %/7/ 56 <:356=6 ./ </0 7/ 32A69:3o6A6 0<356A A89 7:;oA</ ;
567/2 =;1A373= 62.382/123 0<356A 87 0<56A180A3 3 ";H/ B8569 <3 E:670A/<15/A6@ A/B8 7/ q6 06
<:3567280A3 3 0A:;BA;:/ 8<6 E1/26A6 E866A3 E8AE;28 7/ =35625/5;D

R6:6A343 06 ;<356B 2/1/.6 30E:67 253H8<89 <:6= 62/D G/ H6:6A36B6 37656 B856 0; 0A3./16 2/ 8<;
E1/26A; ;<356B 06 A6B B/02356 30E80A/<15/18 7/ 0; C316 C:315/2A26D '/B8@ C;73A6 H:/C:3j 0/= 8 q6
06 6323A3 A8 7/ q6 7:;93 A6 28<6 37656 30= 35/</A3D >8:/A6 3= /A3 2/ ;=; 7/ 06 = 2896 /BA3<280A3
87<35/5; ; 26F3.36B3= 8C1/0A3= / B/B8 C3 </= 06 E8= 8918 3 7/ 3/B8 0</B8 87 </0 3= / 0<856
<1/0A3A6 E1/28<6 ./ 13623 :/.<85@ <3 0A6 A/B8p6 738 567289 918C/1289 E1/2/ 3 918C/126 0<3560A3D +3
0/7/ /BA3<3:/A6 A/5 E1/2 3 C;73A6 7:;96D

+3 06 C;73A6 ; A/1/03= / 78B 0</B3 87 </0 ;63 B/B8 7/ 2803 32F8:=/435; 3 B/B8 7/ 5; 6=3A;56D L/7
C3 06 <3 0<3 E:8C;7313 8756728= @ 827/ C3 A8 C318 E:313628 H/8A3628D '8 C;p6256 06 =8:/ 8739:/A3
; 0B1/7; 0 A3= B/B8 q6A6 <3 C3A3 ; 0A/25; 7/ 3./p6A6 2/ B:/5 0/ 0<3= A3= @ ./A8 oA8 C3 0A/<15/256
E:6<3o6 0<56A180A3 2/ 567/2 616= 62/A@ B853 5; 26 =8r6 E87256A3@ 78<618 78 E:698:356</25/
8039;:/q/D QB813B8 06 616BA:3626 0A:;56 26 ;0B1/76@ A35618 =8r6 7/ 06 ;23oA3D +3756q6A6 A8D
+3756q6A6 B/B8 06 5672/ C8160A B85/ 3=/ <6.6 0/ 26:<23= 030A6=8= 3 = 6= 8:358= B:6q6 8<8=
E1/26A8=@ ./A8 oA8 15;73 26q6 C3A3 ; 0A/25; 7/ :;B;5; A8= 626:9358=D #23 q6 06 ;E1/o3A3 256D #23
q6 = 8r7/ 8AB:3A3 26B3 0<85 =;1A373= 62.382/123 738 3 E8=3013A3 7/ 0; E81;75613D #27/ q6 E80A/A3
8E05672;A3 0/B:3</256= A89 0<89 1;731/ 87 253H8<3H =;r6</@ r62/ 3 75646D )5;73 q6 1;73A3 87 A6
626:9356 ./A8 oA8 26q6 C3A3 ; 0A/25; 7/ 56 :/.;= 35;D

>3 26 =8r6= 8 78<81528 2/91/03A3 A8 7/ 56 26:<3 030A6= B15;6 ./ 8A</:/256 </o3H 7:6<23H 8635; 3
E:89167/</256@ 3 ./ </o6 056q/256 2/ A8 B8 0A6 <3@ 87/B16 781/.3A6 3 9756 376A6D '/5 </o 26:<23
030A6= =8:/ C3A3 ; 0A/25; 7/ E:3=3 A6 616BA:3626 0A:;56 ; </o6 A35618@ 7/ A:/207;43:/ A; 5/B;
626:935; 3 0=560A3 56 ;2;A/: A3561/ 3 E;0A3 A35618 7/ 2/E:67;56 3 7/ 06 H:/23 ;. E8= 8q A6 02/r26
626:9356 B85/ 56 ; 0A</:3 0<3560AD '8 56 C;B</128 828 oA8 06 76o/</D

'8 56 B/8 B/7 C3 ;.613 26B8 28<8:8p6266 3 H:/2313 9/ A/B<8= <:0A8= H:/26 B85/ C3 9/ 2/A56:/1/
7/ 3.:/0A6 87 56728726<26 C6C6 78 A:37606A89873o25/B/ ./ 98732; 7/2/D '8 56 E:3= 56: ./ 828
oA8 q6 06 76o/</A3 0 </=/ A8B8= 015676q3H `[ 98732/D '8 28<8:8p6266 q6 E80A3q3 A:37606A
98732/ ./ 0/=8 98732; 7/2/D K/.= 3013A6 8 A8= 6 oA/ q6 A8 7356A6 =8:/A3 7/ ;:/73 3 oA/ q6
25698<8 A35618 = 8:/A3 ; 06C6 7/ 32A69:3o6 7/ C3 A/B8 :/018D K/.=3013A6 8 8:9/23= /@ F;2B435/= / 3
H:8=823=/D
% 8C.3:8= 7/ 0A6 06 <3 E80<6A313 28o625; 0<56A180A3@ ;2;A/: E815/ </o6 /;:6 E80A853 567/2 8A<8:D
#A<8: B853 A; E80A853 E:/<3 567/2 0A;C 0<56A180A3@ A/B8 7/ 26B3 ./oA3A2343 = 89; 03q3 7816 3
75618</A3 B/8 6;</:3 B/E356@ ; 0= 301; 87:6p3</25/ B813B8 626:9356 = 8r6A6 E872356A3D &/B8 </o
32A616BA@ ;= 3 698 = 89; :6q3@ k+3o6@ <3o6@ <3o6@k A3 6;</:3 B/E356 .2/5; 7/ <3 B/8 2803843
0<56A180A3 B853 0; 06 8E:673561313 ./ 3.<8p6256 567289 87:6p6289 ./7/AB/@ 26 = 8r6A6 C3A3
3.9;C15623D #03= ;B813B8 0A6 2/<:13 7/ ;23oA3A6 0/= 89 06C6 3 8A3o13 3.</2 8289/ oA8 06 2/.3</
2/5<3o8= <8158= ; </o85 <8153D
$6:<23 030A6=@ B853 E:670A/<15/ 567/2 /;A8E;A ; A3561;@ = 8r6 0/=8 7/ 06 B:6q6 ; 828= 0A6E62;
; B8= 6 <3 E:6:/p;56A6 E87/AB6 B853 2/<3:; ; </o6 q61356D >2893 87 </0 58o ;<356B 630A6 826
:;E6 ; 26B3= 735618<3= / </o69 C3q/ B856 0; 30E;25626 A/= 8=D '6 :;E6 =89; E8A34/A3 3. 8<89
r3<8A/ N 826 =89; E8A34/A3 3. </o69 756A3250A</ N / B87 26B3H 87 </0 826 0; 2/0A/16 ; 26B3=
E:8o13= r3<8A3=/D

>2893 87 </0 06 2/1/.6 ; A85 E;0A818<3 <6q 26B3H `_ 313 c[ 98732/@ 78B 0; 06 7:;93 A6B 267/<28
E:37:;r313D '8 26q6 B87 0</B89/ A:/5/A3 30A8 <:356= 6D #23 B853 = /:153<8 :/76 <6q A:37606A 98732/@
A8 0; 823 B853 E8B/.;5; E;AD +3 0A6 E80A/<313 <3C:/4382; F:6B<62435; B85; 823 B853 0; 28<8E:378o13
=89; 8056A3A3D +3 B853 0A6 06 267/<28 E:37:;r313 A:6C/A6 7/ 376A6 ; E8A:/9; ./ 28<8=
F:6B<624358= 3 7/ 56 8AB:356A6j = /E6 0; 0/0A/<15626@ 826 0/7/ E89/p/5; </o6 A35618D

+3 A:6C/A6 567/2 7:;989D '8@ 7/ :/73A6 ; 567285 H/:=82353 56 0/7/ 3=E6:/A3<D QB813B8 26 C;76A6
:/7313 ; H/:= 82353@ 827/ q6A6 0A/128 78<873A3 78 0A</:/25/ -A1/2A37/ 3 0<3H 7:;93H :/./:/25/D
!"#$%&'(" () *%+#),&"-

"81/.3 <:356= 6 B/7 q6 = 2893 87 </0 C3A3 :/0E8735615623 7/ :/76 0 ";H8= B/B8 C3 6= 3A8</13 A6
F:6B<624356 3 E8=/9/13 7:;93= / 7/ 0H</A6 oA/ 06 76o/</D '/1/03 C;p625/ q6 06 2/0A/<3A3 / ";H
q6 E80A/A3 2/632 C3<0A<8</25/ 2/ 8<85 E1/26A3D '8 56 E1/2 ./ 8<; E1/26A; / B:6/A3<26 B80= 36B6
.:/B6 87 ?:3=/:289 %A<8:3A615/ 0/7/ <6q A;B; E8 3<34/= / </o69 9/1/BA36B89 030A6= / N 826 q6
C:.8 78q3 8</=8D '8 56 :/.189 ./oA8 56 8<756 78o18 78 <613B89 8B;E15/25/ 626:935/D '6 626:9356
r616 7/ ;660A<;5; ; 8<7/o2585 A:/20F8:=/4353 A/B8 7/ q6 826 C3A3 0E:6= 26 B/7 A8 78p6 2/
253H8<8 <1/0A3A8 E87:;656 9/1/BA36B6 3 ;23<6:./126 69.30A624356D

"89/p/ 06 5672/ 89:8=2/ A:/20F8:= /435/@ / 828 oA8 q6A6 <3 ;:/73A3 ; <6.3 A89/@ A8 56 2/:/<28
78 </0 0/= 3HD >3 0= 8 </= :6B13 7/ q6 06 </o 0<356A :/04356E3A3 2/ 7</ 0<356A/ 3 7/ q6 823 B853 06
C;7; B:6A/13 ./56728 0/ 0<56A18oq; 2/q3 ; 0<356A; 87 0<56A180A3D '/5 :/04356E ;E:/<8 E863256 7/
06 789/p/D #23 62A3A6A3 B853 r616 7/ :/76 0/ <3o3= <3C:/43823= E8153=/ B85/ E:670A/<15/5;
0<56A180A 3 823 B853 r616 7/ :/76 0/ E8153= / 23r3H F:6B<62435/ B85/ E:670A/<15/5; 0A:/H@ A/= ;@
H/80@ B82A:81; 3 B82F;.35;@ 0/7/ E86325; 7/ 06 E81/:3.3:/5; 3 87/C3:; 0A:/26D

#23 B853 :/76 0/ 23r3= <3C:/43823= E8153=/ :6q3 q6 </= 7/ 0A6 <3 <56oA346 313 p/<813 ./A8 oA8
E:670A/<15/A6 26oA8 oA8 823 26 :/.;=35;D +3 E:670A/<15/A6 E:8=5626 / =8:/A6 3=/A3 2/ ;= ; 7/
06 <6q32/ 15;73 2/ 0=:A C853 E:8= 562/D *67/2 87 B;:38.3A6A/ ; <6.3 15;70B6 0<3560A3 56 <56:8</256
7/ 56 82/ 0A/C3128 ;A<:p62/D +3 0A6 E:89;A/13 A/5 B8246EA ./56728 0/ ;7348= @ 2/51828= 3
818<8= D '/B8 <3 A6r3A6 A8=6j <3 = 3013A6 7/ /B8 26= /A6 0A/C31280A 3 039;:280A@ B8 0A6 <3 A8 827/^
"/ = 8r7/ 26q6A6 = 8q3 69.30A3:/A3@ 7/ q6 </0 A8 = 8r7/ ;23oA3A3D

>3 </= 98<8:3= 8 8 = 2893= 15;73=/ B856 <3 E8.2/56A6j 26B3 6/B =89; C3A3 3 61/28<3 </o6
F/= 31356D +3 q6A6 = 8:/A3 7/ :/.<356A6 89:8= 2; B813632; 0A:E15625/ 3 :/.;= 356</25/ ./ 826 B853
8056A6 A; 626:935; / 26 C;7; r615613 7/ 8798<8:6 2/ 25; 2/ 82/5 2/632 B853 q6 ./ 253H C3A3 87
B8:30A3D +3 q6A6 = 8:/A3 E80A/A3 <68= / E8E;0A153<3 N =8r7/ q6A6 6/B 78.<813A3 7:;93=/ 7/ 06 0/=3
;23oA6 A/B8 7/ = 89; 2/;63A3 oA/ 56 A8 <:3567280A r3<8A/D

(/B 3/B8 15;70B/ C3q/ 230; A89/ 0<5602/ 2/ E8<:o320B8= 23<8; 0<856 0<3560A3@ <3 .2/A6 ;
2/57;C153= 735618<3= / 0<89 C3q/ 7/ 06 B:6q6A6 3. 56726 69.30A624356 ; 7:;9; 3 0B;E15/A6 30B;0A</
A/B8 7/ </o/ 7;o/ = 8r6 :/.;= 56A3 3 E:6:/73A3 A6 E87/AB6 B/B8 C3 </= 7/1/ 567/2 E89167 2/
:6/1280AD *67289 7/2/ <3 q6A6 C3A3 ; 0A/25; 7/ 0B623:/A6 r3<8A6 ; B853=/ 56 </o/ 7;o/
69.30A3:/1/ 3 7:r/A3 626:935; A6 7;o6 30A8 B/8 oA8 C3 0A6 7:r/13 567/2 B:30A/1@ E80=/A:/q6A6 25626
:/.2813B6 E8<:o326 3 30B:6 ; 256285 ;2;A:/o2580A3@ 8056q/A3 3 E8.2/</A3 A/5 3762A3A6AD L/7 C;76A6
; 0A/25; 7/ ;6323A6 A8 0 </o8= 7;o8=@ </o/ 7;o/ q6 827/ = 8q3 7/ 06 0E853 0/ 7:;93= 8C1343= /
32A6139624356 6353 56 82/ 738 /13 oA8 82/ 0/7/ 58o ;<356B 26 :/.;= 356</D

>3 </0 0/7/ :/0A6r6= 8D v613= 8 7/ </0 E8AE;28 .C;23=8 A/B8 7/ 06 <3 2/616BA:3o6A6D #27/ q6A6
B8:30A3A3 0<85; :/78.2/180A 7/ </0 82/ E8<676 ; E87:;65/ 8 B853= / 26 0/= 8 7/ 23B/7/ 230A6
:/.= 3o15/13 2698 6/B 230A6 23 .2/13 7/ ;8EoA6 = 89; E80A85/A3D '8 56 2/o/ 2/=56:/ N 7/
7806926A6 567/2 <3o3 23<8 9756 q6A6 C3A3 ; 0A/25; 7/ 0A</:/A6 567/2 28<3 E8:67/B 3762A3A6A/
.#",#%/ 0 .1$%#%$ ' 0" 0"$ %*%123"&()$-

%<6 0A</:3 0; F:6B<624356D L/7 C3 <3 .2/13 B813B8 C:.8 2/E:67;56A6@ = 8r7/ C3 E8r615613 7/
056726A6 2/ 0A8134;@ ;H</A3A6 06 ./ 91/<; 3 B/r6A6@ k*/ A8 26 = 89; 7/ ;:/73= D %<6 A8 56 0A</:28
E:6<3o6 ./ =626Dk +3 0A/128 0E;oA/A6 ./<560; 78156 3 E:/<3A6 06 B/8 7/ 28:=/128 r3<3A6 0<85
r3<8A 3 B/8 7/ 06 23oA/ 26 76o/</ 78B 06 26E:60A/28 2/789:/p;56A6 0<3= <:0A/=/ E:8=562/
B856 </0 A:6C/5; E:3=/q3 C13r6 <3o3= 73=62.35/= /D K/.= 3013A6 8 A8= 6 3 8056q/5A6 828 oA8 q6A6
E80A3q3 ; 56728= 0<8= r3<8A28= <356B;D Q 37;q3H 7606A 78 7</7606A 98732/@ <3 q6A6 06
E:68C:/q/A3 87 9;0A3H F3.36B3H 0A<8:625/ ; 0A<8:625/ 87 0<56A180A3@ ; "8C; %<56A180A3D "/ 13
=8r6A6 ./= 3013A3 A/B8 26oA8^

%<6 0A8 <3 :/73A6@ 6/B 3 B/7 5676A6 E34;@ <873 </0 E:6= / A8= = 560A; 2/ 567/2 E6:F6BA28
C8r/20A<62 2/632D Q 56728= = 8= 62A; <3 q6A6 :/.;= 56A3 </r280A 0</B89 789/p/5/ ; B856= 0A6
;660A<8</13 B/8 3 32A69:3A6A 4561326D
Q F31= ; 'H6 L/:/A6 L37@ 82/5 7566/B 56 <68= / 260A:3E153< E:313B8= ;6625/ B/:/A6/D #2 E:82/1/.3
=/50A8:/ / 2356 23 0<560A/2 A89/ 7/ 9/ 56 E:82/o/8D $56= ; =/50A8: 2/1/r6 7/ :/73 0A</:3 ./
B856 8</5 0=/A:/ 7/ 0; 826 0/=8 9;C3A/B <:6=62/D #2 26 :/.;= 356 7/ 0</B3 B8=/73q B853 ;63
6323 5672; <6q; 456132;D +3 0A6 B/8 A8 7356A6D %<3 735618<3 0/7/ E86325; 7/ 06 01/r; /13 .C89 <3.356
</o69 69/@ <3 ; 8<8 <:356= 6 26 :/.;= 356A6 7/ 823 6326 5672; <6q; 456132;D +3 q6A6 C3A3
:/0E8:6p623 2/ ./7/AB6 3 ;<3756q6A6 7/ q6 0<6 828 oA8 A:/r3A6 C3A3 </o6D '8 56 82/ 78C:/ <3560AD
M;73A6 0<56023 3 ;63A6 B/B8 7/ E:6E8.2/A6 B/7 </o/ <815/ ;.;:E3:/ C8r/20B; <815; 3 M8r/20B3
?1/2 N B/7/ 06 E:6<3o6 8EA6:6q;56A6 ./A8 oA8 06 26:/.;= 28 E82/o/A6D ?89167/5A6 06 ; 89167/18
3 <373A6 B/B8 3.9167/A6D ?89167/5A6 ; 0<856 863 ./A8 oA8 0; </o6 863 3273B/A8: ./ </o6 435618
F3.36B8 A35618D "/ 13 0; 826 5/026^ "/ 13 0A6 ; 0A/25; 5/028 7/ E89167/A6 ;2/./7^ "/ 13 56 </o6
1346 .9:6628@ 304:E15628 313 8E;oA628^ L/B8 06 </o6 A35618 8056q/^ "/ 13 0A6 ; 0A/25; 7/ 056726A6
3 8E;0A3A6 06^ "/ 13 0A6 ; 0A/25; 7/ 30E:/<3A6 0<856 A35618 313 8056q/A6 E8A:6C; 7/ 06 E8926A6
E:6= / 2/E:3567^ "/ 13 0A6 06 .9:C313 ./A8 oA8 26 =8r6A6 7/ 7:r3A6 626:935; ; </o6= A3561; N A/B8
7/ 06 </o6 A35618 0A/128 9:13 3 ;<35/ ./A8 oA8 26 .2/ oA/ 7/ :/73^ "/ 13 0A/128 E;4B6A/A6 E:0A3= / 313
9:3.6A6 28BA6^ ?80A853 =2898 .2/B8</ B856 = 8r6A6 E80= /A:/A3D >8r6A6 E89167/A3 8B8 06C6 3
<3756A3 B8 2356 ; 0A/25; 7/ 32A69:3o6 626:935;D

L/7 78<676A6 A; 626:935; ; 0<856 A35618 3 C;76A6 ; 0A/25; 7/ 56 ./7:r3A6@ </o6 A35618 q6 E866A3
7/ 8056q/ 1/B8q;D +/o/ B8r/ q6 E80A/A3 <3A/1235/ 313 =8r7/ </o/ B80/D +/o/ B80/ 56 87136/2
E8B/./A615 </o69 .7:/<0A<6289 0A/25/D G7:/< :/.;= 56@ 2/:/<28@ 567/2 87 </o3H 2/5C8153H
7:;9/:/ 0 B853= 06 =8r6A6 7:;r3A3D G7:/< :/.;= q6 </= :6q3 oA/ 56 30E:/<28 / oA/ E89:6o28D

?8<:6= 628 q6A6 E:3= 56A3A3 7/ A/ 626:935/ E80A/56 E:6<613B/ 3 7/ 230A6 = 3:23 3 ;0:670:6p623D '8
q6 06 76o/</A3 0</B8= 6 87 </0 ; 26B3= =8= 62A3= /D $ / 26B3 2/632\ 8056q/A3 q6A6 B/8 7/ 06
E:6<3o6 A89/ 76o/</\ C3q6 E:6<3o6 E87/A/B/ B853 06 A:6C/5; E:6:/73A3@ E:6<3o6 15;73 0 B853= q6 06
E:36/A3@ 3 E:6<3o6 7:;93H 0A</:3 B856 q6 06 76o/</A3D L/7 06 A8 789873 827/ =8:/A6 = 3013A3 8 06C3
B/8 8 26B8= 616BA:3428= ;:6p/5; 3 30B15;63A3 06D &0A8 B/8 7/ 0A6 A80A6:@ 567280A/<28 06
30B15;63A6 A/B8 7/ =8r6A6 C3A3 </2 ;E8A:6C6D Q A/B<3= <:6= 623= /@ 828 oA8 q6 </= <3o6 87
0<69/ C3A3 E8A:6C28@ A8 56 87= 8:D $6B3 87 </0 q6 A:6C/A3 <613B6 B8136326 02/ ; 26B3= :/.1363A3=
<:6=620B3= E6:3873= /D $6=85A6 =3013A3 7/ E80A/56A6 135623@ E/ 7/ 06 15;A3A6 0/=3 2/ 06C6j
567280A/<28 E:3H</A3A6 A8 A/B8D "8q3 q6 = 8=62A3 B/7 q6 26B3 87 </0 r6156A3 7/ 0E/</5; 3 E8 VX
0/A3D Q6323A6 A8D '8 56 E8A:6C28D +3 26= /A6 E85= / 8 .6= 15/= / ; B856 E;A;56A6 3 8 828= E801;
B853 06 8C/<15/ 2/ </o6= A3561; 78B <3 0E/</A6D '8 56 <:356= 6 B/7/ 0A6 <3 30B15;6623 3. 8<6
:6/1280A3 / E;25623 626:9358= 3 E87;6/</23 3. 7:;93H :6/1280A3D >80A8<3 3 </o6 863@ 8A<8:3q6 06
3.=6p; A3H :6/1280A3 / 827/ q6A6 E866A3 7/ <373A6 3 2803A6 A8 E/= q6256D

L/7 376A6 ; B3260B3 :60A8:/2@ <3 5676A6 B3260B; H:/2;j 26 E8:;6;56A6 H/= C;:96:D L/7 376A6 ;
3A/135/20B3 :60A8:/2@ A/= 8 q6A6 2/:; 63A3 1/./256D #</5 :60A8:/2 B853 06 .8<6 G6=15/ E80567;56
56728 F3.36B8 A35618@ A/B8 3 <3 8<756 = 8:/A6 76 7561;56A6 3. A89 F3.36B89 A3561/D

>3 98<8:3= 8 B8:30A6q3 06 567280A/<23= E85= 8<3=/ A/B8 7/ 2/0 =8r6A6 1/Bo6 0H</A3A3D $356
C3A28 A8 B813B8 0; 1;4B/0A6 8<6 2/o6 = 6A/F8:6@ = 3 567280A/<28 r613= 8 7/ <3 A8 0H</A3A6D '/B8@
<3 06 2/1/.3A6 8<756 ; :60A8:/2; G6=15/@ 2/0615/</A6 G6=15328 A35618@ ./A8 oA8 56 A8 828 oA8 56
8<756 780A;E28D #<756 06 26 06<3:/ 23oA/ 7:;98@ 23B/B</ E:/.2/ 8C6q/25/D +3 q6A6 ; 8</5
:60A8:/2 G6=15/ 78256A3 28<6 :646EA;:6 N :646EA6 B853 0; <6q C313 E6:3873628 30E:8C/</23@ 3 B853
0; 06 E8B/./13 30E:/<23= /13 26 0<;7/@ 2698 A; 3 A/= 8D

G/E/= A3A6@ G6=15/ 56 C31/ ./E66/q62/ E:356 = 2898 682/D G6= 15/ 56 C31/ 0A<8:62/ 7/ C;76
5672/ 0A</: / 827/ 56 2/B82 = 31382/ 98732/ E80A85/25/ E8AE;28 3.C/662/ 0 B8180356B/D >2893
87 </0 0A6 06 8<756 32B/:23:/13 ; = 2898 ;./0A8E23H 2/<:/A/ 3 E80A/13 0A</:28 F:;0A:3:/23@ ./A8
oA8 0A</B3 E;A B/7 0A6 06 32B/:23:/13 3=/13 0A6 2/= 56:; 7/ ;:/73A6 26oA8@ /13 E81/ 87 A3H E;A/ <3
0A6 ./C8:/<15/13 oA/ 56 A8D

$6B3 87 </0 0; C313 ; 0A/25; 7/ 780A392; 23<8 = /50A8:/ 2/ 8<85 E1/26A3 3 7/ 06 ;.<32; 87/A16 ;.
E8=8q E:8460/ ;0B:02;q/ 313 /0462.356D $6B3 87 </0 0; 06 ./18r313 7/ C;7; 8<756 ; 828 <:356=6
B/7/ 06 8</ B/:/2A320B/ 3.818</280A E:3<676 B:/5;D GC89 </0 3 = 2893H 7:;93H B853 06 2/1/.6 2/
8<85 E1/26A3 313 8B:;r;5; 8<; E1/26A;@ 8</5 0/7/o253 <:6=620B3 E6:387 56 3 C38 :8p62D

?8=8q </= 0/7/ 0A3r6 B:8. 0<6 r3<8A26 /<62356@ = 6p;A3= 7:;93 26 =89; 7/ 8C/<15/5; E80/8 ./
</0 ./A8 oA8 0A6 <3 0A<8:313 r3<8A 2/ A/B/< 2/632 7/ 06 5672/ <:0A/ = 8:/ 0/= 8!=8A3<30/A3 3
6<81;3:/A3 7/ C3 C31/ 8E;28= 8q62/D #23 87 </0 B853 3=/5; 26<56:8</A28 = 2898 .2/25/ 871;6313
0; 7/ 06 32B/:23:/5; ; 8<; <:0A; 7/ C3 0<853= E:3= 56:8= 802/r313 3 E870A/B13 80A/16 B853 A8 26 C3
=8913 ;6323A3 0/= 3D +3 0A</:/A6 28<6 E;A6<6 C3<0A<8</25/ 6=3A;5;q3 828 B8 0A6 <3D L/7 06
0B;E3A6 ; 26B85 E:80A8:353 .C89 06/206 6/261329/@ <3 26E:60A/28 A:/r3A6 7/ </0 E87056q/=8 3
8H:/C:;56= 8 2/ A8= </o6= E;A;D $ 6B3 87 </0 0=/A:/5; 7/ 26q6 ;0E56A3 C6. 8H:/C:625/D '8 = 3
:/.;=356=8D '8 56 3 :/.189 ./oA8 0=8 = 3 8<756 0/7/ ./ </0@ <6q32; <:6=62/ 3 0 56723=
89:8=23= 0A:E156256= D >3 r613= 8 7/ </= 7/= 8 =89;q280A 7/ E818r3A6 0<856 E:/<8 2/ 828 oA8
<3 560A6D

*672/ 87 B:/5253H :6/1280A3 2/ 8<85 E1/26A3 B85; </o/ <:0A/ = 8:/ :/.;=356A3@ 567/2 87 2/5<6q3H
3./.8</ 0 B853= 0A6 06 0;0:613@ A8 56 828 oA8 06 E87:/.;= 356</ E87 0= :q;D >3 </0 =8r6= 8
;C35673A3 ; = 2896 0A</:3 /13 2/= 56 A6oB8 7/ </0 ;C35673= 8 ; A8 7/ <3 26 = 8:/A6 ;= :356A3D Q 8<8
<:356=6@ <3 26 = 8:/A6 F3.36B3 7/ 80A/<3A6 0<856 A35618 3./ 06C6 2/ 8<85 E1/26A3D "/ 13 = 8r6A6
./= 3013A3 A/B8 26oA8@ 7/ q6A6 <3 567280A/<28 E:8=35623A3 C:.32; <3C:/435/ 0<89 F3.36B89 C3q/ 3
;.6A3 0<856 A35618 0/ 08C8= ./A8 oA8 q6A6 E:6018r3A3 0<85; = 816B;1/:2; 0A:;BA;:;^

#0A</:6256 ;0B:02;q/ 3 ./<:o6A/B </o6 /</2A;:6 8<756 =89;q6 56 ./ = 2896 <:0A6 2/ 8<85
E1/26A3D $6B3 87 </0 0; <6q C313 ;0B:02;13 0 8<6 E1/26A6 / 827/ 0A6 06 <:/A313 2/./7 7/ A8 8E6A
;6323A6 3 E8B/r6A6 E;AD M31/ 56 A8 <6136/20A<62/ E;0A818<32/ 3./q3 87/<756 ;. E8= 8q E:8460/
/0462.356D '8 56 A:/r318 = 2898 r3<8A23H <356B8</ A:62329/@ 567289 ./ 7:;93= @ 7/ C3 06 <3 A8=6
E80<6A313D "/ C3 0A6 A8 ;632313 = 8:/13 0A6 r3<56A3 ; 7:;oA<3= / B85/ 230; C31/ = /A6:35/12/ 3 r3<56A3 ;
<613B85 C13.323 E:3:876D

%/7/ 0A6 <3 B853 0A6 A8 <6q ;632313 3 B853 0A6 0 A3= ;E8.2/A3@ 78o13 2/./7D +/o ./7/A/B 56 7/
;0B:026A6 0/ 8<6 E1/26A6 B/B8 C3 C313 E:3H</q623@ C;B</128@ 87 0A:/26 <3o6 B80=8189356
=/A3623H C:878</D +3 q6A6 06 ;0E6A3 ; 9:/78<6 87 0<56A180A3 3 C3q6A6 ; 0A/25; 7/ C8:/<3A6 ; A3=
7:;93= :6/1280A3=/ B856 06 2/1/.6 0<;7/ 8B8 </0@ ./ B856 <3 567280A/<28 26 78.<815/</A6
0<853= 863=/ A:6q6 73= 62.356 7/ 3H <376D +3 q6A6 8C/<3A3 A/5 0<85 ./7/A/B 2/ G6= 153 3 G6= 15/ q6
78r3<56A3 0<85; A:/2.3435;D #2/ q6 C3A3 567/2 E:6B:/0/2 7:/9;15 ; 8<8= ;23<6:.;=;D >8r7/ q6A6
06 ./7:r/A3 58 o E/: 98732/ B/B8 C3 E8= 8913 E828<285 3.9:/7253 3 8C28<3 A6 28<6 G6= 156D
>6p;A3=@ 2/B82 26B89 <:6= 62/@ <3 q6A6 E8r6156A3 7/ E:67;.=6A6 28<6 = 30356 ;
A:/20F8:=3:/25; 26B3H 7:;93H 0<56A8</D G/E/= A3A6@ <3 0A6 87= 6A2343 3 <3 <813A6 ;.C;p625/D '/B8
q6A6 <3 2/5<56:8</A2356 80A/<3A3 8<; E1/26A; 7:;93= / 7/ 2585 ;r3</5; / <3 q6A6 2/0A/<3A3 7/156 0/
26B8= 0<858= 28<8= = 30358=D

-0462.35/ 56 4315 8<6 E1/26A6D "8q3 q6 6/0 B/7 q6 A8 C3A3 567323 2/632 ./ 15;76 B853 r3<6 2/ 8<85
E1/26A3 7/ 56 2/E;0A6D L/7 56728= 876A6 0 8<6 E1/26A6@ 3q3 q6A6 2/ = 289/ 7:;9/ =560A/D +3
q6A6 E8B/./A3 06C3 3 80A/AB; 0<856 <:0A6 7/ A8 A35618@ A/ 0A</: B85/ 06 6323 A/B8 A6oB8= ./
B82A:8130/A3@ 7/ 56 A8 ; 0A</:3 :6.;1A/A 56726 C8r/20B6 03=F82356 3 7/ <3@ ; 0<8585 0<3560A3@
=8r6A6 0 253= ;6323A3 C318 oA/ 7/ E8r613A6D 4'5% 6+"-

4(%5-657& :988 ! *6.3B %<56A180A3

-</A/:3 3 = /50A8:3 0; 0/7/ E:8r613 =:6r23 030A6= 8<89 0<356A/@ 782806q3 0/ 08C8= 253H8< 13623
/1/A ./ E87;6/</256D -1/A B853 06 B8:30A3 2/ 8<85 E1/26A3 0E/7/ ; /:A3F/BA6 B853 230; 3. </o6
73=62.356@ 03= C813626 F8:= 6 B856 C;B</128 3=/5; 0<85 <1/0A3A3 r3<8AD #26 A<8:6 828 oA8 56
E8.2/A8 B/8 *6.3B %<56A180A3D

+3 0A6 3= E1/2A3:/23 0 56728= 0A:;BA;:8=@ 968= 6A:350B8= F8:= 8=@ B85/ E870A366 87:6p626
32F8:= /4356 ;2;A/: </0D #2/ A/B8p6 E8AE8=/r6@ ./ 826 B853 :/76 0 </=/@ 01/256 32F8:=/435/
73:6BA28 ; </o6 C3q6D +613B/ <6q32/ </0 56 3= E1/2A3:/2/@ / /B8 230A6 0/7/ 827/ q6A6 ;0B8:8 C3A3
;B813B8 3./C6:6A6 A8 7/ 06 8A<8:3A6 3 ;0B1/73A6D $3AB8 2356 3= E1/2A3:/2 B8 A8 2356 3./C:/8D '/
0A:;BA;:/ 56.3B/ 0<56A180A3 56 567/2 2/632 E:3= /25/ 32F8:=/435/ 3 626:9356 7/ C3 06 E8AE8= 89/8
</o :/.<85D '8 56 5672/ =6A87/ ;6625/ C6. E8A:6C6 7/ 06 A8 6323 ;. E8=8q B2539/ 313 </o69
32A616BA/D #2/ ;B15;6;56 8A</:/256 06C6 <56:8</25; 7/ 0A</:28 E80A853 5672/ H356:/:H35/@
89:8=2/ 3 3.</2 </o3H =89;q280A3 0H</A/25/@ B85/ :/73 0/ 68<566/20A<8= 58o 87 25698<89
E866AB/D

'/ H356:/:H35/ :/73 0 15;C/<15;@ 82/ 2569;56 828 oA8 <3 560A6 3 ; 0A/25; 56 7/ <373 B:8. <:6=620B6
=6H/23.= 6 B853 0; o3F:3:/23 ; E1/26A3 7/ 56 0<3560A 0E:6=2/ ./ 6<81;A3<23 0B8BD ?80A853 8B8
Vgg@[[[ 61/28</ 8<6 7;H8<26 H356:/:H356 B85/ 56 ;E16A62/ ; =:6r23 030A6= 8<6 E1/26A6 ;
8<8= <:6= 62;D %</B3 = /50A8: 3= / 0<85 <1/0A3A3 E66/A B853 E:670A/<15/ 567/2 738 *6.3B/
%<56A180A3@ / <3 3= /A6 Vgg@[[[ 626:96A0B3H E66/A/ B853 q6 2/ B:/5; C3A3 ;156<623 ; ;2;A:/o2580A
</o69 C3q/D

$/ E866AB;@ <3 q6A6 :/73A3 0/ 7</2/60A F8:=3 B856 56 A35618 ; 0A/25; 7/ 3.7:r3D >2898 B/02356@
B/7/ 78p6 78 A:/20F8:=/4356@ 78q3 q6 3 78 32F;.356 45618B;E23H Vgg [[[ 03=C8136B3H 56.36B3H
0A:;BA;:/ B:8. </o6 C3q6D '8 q6 C3A3 567/2 :/.<85 B856 06 26 =8r6 8C5/023A3 ; 8<8= r3<8A28=
<356B;D
'/ =;A/435/ E:670A/<15/ 567/2 E:8460 B853 06 87<35/ ;2;A/: </0 B853 q6 </= 78.<813A3 7/ 06
E:6C/43A6 ; 5672; 7:;9; 78r3<15/52; 8C1/0AD

%</B/ 808C/ 2/ 8<85 E1/26A3 3=/ E8A62435/1 7/ 06 E8B:626 B:8. 8<; = ;A/435;D >2893 q6
./;0A/<3A3 8</5 E:8460 ./A8 oA8 823 r616 7/ 06 ;0B1/76 0/ <3o8= 0<356oq;D L/7 0A6 0<56023 A89/
B8 0A6 <3@ A8 56 5672/ 0A</:D L/7 E80A/26A6 0<56023 C8r/20B6 0<3560A3 B85/ 0356 0<856 056= 6 2/
8<85 E1/26A3 N 567289 89:8= 289 32A616BA/@ B853 <813 3 B853 :/73 0 </=/ N 3 B/7/ E:3.3</A6 A;
0<3560A 0/ r6158= 7/ E80A/26A6 567/2 2562 738@ A/7/ <3 C;76A6 3= E1/2A3:/23 0/ 968= 6A:350B3=
8C1343=/D

'6 F8:= 6 B856 06 3=E1/2A3:/5; 781/.6 ; :/.23= 8C1343= / B/8 oA8 56 E3:/=37/12/ 0A:;BA;:/D G/oA8
56 E3:/=37/ A813B8 </r2/^ $/ 8<85 E1/26A3 3 B:8. 435613 B80= 80@ E3:/= 37/12/ 0A:;BA;:/ 06 B8:30A3
B/B8 C3 E:670A/<31/ 56728 89:8=28 567320A<8 0<3560A3D '8 56 0A:;BA;:/ B85/ 56 2/5A6r/ ./
2/E:/<3A3 0/ 0<3= 0<853= = 2898C:8523= /0E6BA3= /@ / A8 56 3 0A:;BA;:/ E6:F6B4356D '8 56 5672/
0A:;BA;:/ B85/ 0B;E15/ 626:935; 0/ G6= 156 3 o/156 56 2/E8156D

,68=6A:350B3 8C1343 18EA6 3 0E3:/16 A/B8p6 q6 C3A3 3= E1/2A3:/23 ; </0D %E3:/1/ 56 8= 31562/ B87
=2893H 87 </0 ./A8 oA8 0A6 <3 C8:/<313 ;2;A/: =2893H B;1A;:/ 3 7:;oA/</ 9756 56 0E3:/1/
B8:3o62/ B/B8 C3 06 0/8EoA316 = 2896 37656D '/B8p6 q6 C3A3 3= E1/2A3:/26 0A:;BA;:6 E/:/16123H
13235/ 3 E:3.= 6D -@ 2/:/<28@ A; q6 C3A3 3 0A:;BA;:/ >6:B/C/ <8.31/@ B85/ 56 5672/ E6A8!0A:/2/
F39;:/D

'/ E6A80A:/2/ F39;:/ E:670A/<15/ F39;:; 15;70B89 C3q/ ; 0<8= 2/52689:/23662356= 0A/25;@
E8AE;28 018C87289 68<56B/D $6B3 87 </0 E8.2/5; A8 B/8 03=C813623 8C13B E8 3=62; =6:B/C/
<8.318D '8 56 4:A6r 68<56B/ C6. 3B/B<3H 89:/236625/D '8 56 15;70B8 C3q6 B856 56 0E808C28 7/ 16A3@
oA8 56 26oA8 oA8 <6q32/ </0 = 3013 7/ <3 A8 26 =8r6A6D '/5 3=E1/2A 781/.3 827/ B/7/ 06 30A320B3
E80<6A3A6 2666= ; oA8 E:6AH8728 2356 C318 = 89;q6D

L853 q6 3= E1/2A C3A3 3= E1/2A3:/2 ; </0 ./<303q6 E:356 0<69/ 87 </o69 ./HA56</ ./ ;0B1/p3</256= D
'8 q6 A/B8p6 ./<303A3 87 </o69 <56:8</25/ ; A8 7/ 0; A3 62A3A6A3 871;6313 7/ </= 0A856 2/
:/0E81/9/25; ;B813B8 <3 871;63A6 7/ 0A853A6 253=/ 2/ :/0E81/9/25;D L/7 E8626A6 7/ 06 8A</:/A6 3
78.<813A6 828= 6 oA8 2/.3</A6 6;73= / 313 <6136/20A<623= 789/p/53= / 7/ 06 = /23F60A;5; ;
</o6= r3<8A;@ 823 q6 A8 E866A3D

>2893 87 </0 q6 E866A3 0/ 3=E1/2A8= B:;9/ ./A8 oA8 82 E:670A/<15/ M8r5;!F8:= ; 567320A</ 3
45618B;E280A3D $6B3 87 </0 q6 3./C:/A3 7/ 3=E1/2A3:/5; E3:/= 37/12; 0A:;BA;:; 56: 0A6 3= /13
=2898 r3<8A23H <356B8</ 0/ 8AB:3<623= 313 58o ;<356B 268AB:3<623= E3:/= 37/=/ 2/ 4356185 8<85
E1/26A3D +3 = 3013A6 7/ 56 8</ :6/1280A E8.2/A/@ = 6p;A3=@ E80A856 =2896 0A</:3 B856 0; 58o
;<356B 268AB:3<626 ./A8 oA8 06 826 B13r; 3. 56726 :6/1280A3 ; 7:;9;D ";C8B8 ; 7r;291/=/@
E80A853 =2898 ./B8E/23H E3:/=37/ 3.2/7 2/03E/ .6=156D ?80A853 58o =2898 6;7/ ./ 8AB:3</256D

#23 87 </0 B853 0; <81523 7/ E8<56:;5; 7/ 9:/2346 0A</:28 26 E80A856 C3q6 ; 0A/25; 7/ ;.=;
=6:B/C/ 0A:;BA;:; 3 E8B:62; 06 </2 8<6 E1/26A6 78B 58o ;<356B r3<6 2/ 2585D v615/ 7/ ; 6323A6 A8
=8:/ E80A85/A3 ; </= / ;B813B8 q6A6 C3A3 3=E1/2A3:/23 0/ > 6:B/C8= D $6B3 87 </0 0; <6q E8B; o/13
7/ E;A;5; 0 A3= 3 <3 .2/A6 B/B8 06 A8 =8r6 B8:30A3A3 ; </o6= C3q;D

L/7/ <3 30B:628 E8.8<6A6 >6:B/C; B 06C3 3 <81523 0A6 7/ 78C356A6 8056q/5 oA/ A8 0A</:28 .2/63 N
C3A3 2689:/23662/ 0<3560A B85/ E;A;56 0 </o3= A35618=@ / 7/ E:3 A8= 6 </o6 A35618 26 2/E;oA/ 8<;
E1/26A; N A8 56 =8=62/A B/7/ q6 78q3 78 3=E1/2A3:/25/D >6:B/C/ 2356 2/5<3o3 3= E1/2A@ B/8 oA8
23 26 E80A856 2/5<3o3 3 2/523r3 3= E1/2A3D "8 3=E1/2A3:/25/ 781/.3 827/ B/7/ A8 8798</:/ </o6=
13628= :/.<3AB;D *6728= B/7 E80A/26A6 3= E1/2A3:/23@ 78q3 q6 78 567289 26E:6B37289 E:8460/
781/0B/ 28<3H F8:=3 ; </o6 C3q6D

+3 26 3./C3:6A6 0<56028 A6 F8:= 6 B856 q6 C3A3 3= E1/2A3:/26 ; </0D > 6p;A3=@ <3 3./C3:6A6 r3<8A
B8569 3=/A6 3 B853 </0 8A</:/ B/ 0A:;BA;:/= / *6.3B/ %<56A180A3D +3 0</B89 7/2/ 3./C3:6A6 828
oA8 56 ./ </0 </r28D '8 56 </o E:30A;E A3= F8:=/= /D L:8. A/5 C:/B 626:935/@ 2/ B:/5; q6A6 0<3 <3
0/7:r/</A3 8</5 /1F/C6A 0<56A180A3 ;2;A/: </o3H C3q/ 3 A/5 /1F/C6A 0<56A180A3 q6 </0 E87;6/</A3D
-B8 0A6 0/25/13 968= 6A:350B6 8C13B6@ 827/ 56 A8 3273B/435/ 7/ A3 8C1343 :/76 0 </=/D &13 0A6 = 8r7/
<815613 E:8;6/</A3 968=6A:35; ; oB813D -B8 r613A6 .2/A3 63=6 0A6 3= E1/2A3:/23@ 827/ <373A6 B853
</= 8C1343 2/566oq6 E/7/5; 2/ E/= 6A 313 </= 3.9167/5; <6q3= 87 80A/13HD ?80A856 3 = 2893 8C1343
B853 6/B 26= /5; 23 0<856 3= 6D M3q6 3 A/B<3H 8C13B/ B856 q6A6 = 8q3 E:6E8.2/A3 3 B853 q6 B/02356
E:8=35623A3 0<85 8C13B ; F8:=; B85; </o/ 0<3560A 26q6 C3A3 ; 0A/25; E:6E8.2/A3D

%E3:/1/ 56 5672/ 87 8028<23H F8:= 3 968=6A:356 *6.3B/ %<56A180A3D '8 56 567/2 =80A@ ;66256 E8
0/= 8= 06C3D $562 8C13B 56 B873:/2 32F8:= /435/= / 3 B/7/ E;A;56A6 0E3:/18= @ A8 </= 06 =8r6
6323A3 B/8 C60B:/528D '8 </= E8B/.;56 7/ 56 E;A8</256 E8 ;2;A:/o2580A3 </o69 C3q/ C60B:/528@
30A8 B/8 3 E;A8</256 3.</2 </o69 C3q/D +3 q6A6@ B/8 <:0A/@ C3A3 ; 0A/25; 7/ :/.7<853A6 0<85;
0<3560A@ = 8q3 q6A6 3q3 ; 8C/ E:/<4/ A/B8 7/ 0<3560A =8r6 7/ 06 E8<6r6D L:6q;q3 2/ C60B82/628
E;A8</256 ;2;A/: </0 3 C60B82/628 E;A8</256 3.</2 </0@ <3 q6A6 06 E:3B15;63A3 567285 E8<6./285
0E3:/13 ; B8585 06 2/1/.3 ;23<6:./12/ 30A32/D

>3 0= 8 :6B13 7/ q61356 </o69 A3561/ 0/7:r6 30A8:35; 4356189 ;23<6:.;=/D Q 2/5C8156= 01;6/5;@ <3
q6A6 0E8.2/A3 E80A85/256 8<6 .1/A26 C3C138A6B6 ;2;A/: </0 ./ <:356=6 8<89 r3<8A289 <356B/ 3
2/;63A3 B/B8 7/ 63A/A6 828 oA8 06 A/=8 2/1/.3D ?:/q6256 ;2;A:/o256 0E3:/16 56 567/2 738 A89
E;A8</25/D ':3B 56 ; A8=6@ 7/ 06 376 ; 8C/ E:/<4/@ ;2;A:/ 3 2/E8156@ B/B8 C3 06 0H</A318 7/ 56
A8 56728 A6 30A8D

%E3:/16 E80A856 ; =2893= 73=62.35/= /D L/7 <3.;/13.3:/A6 0E3:/1;@ <3 8056q/A6 7/ 56 E8.2/56A6
/13 3E/B@ <3 ; E866AB; E8.2/56A6 0/=8 567/2 2562 /0E6BAD L/7 E8626A6 7/ 87:/0A/A6 0/
0E3:/18= @ 0H</A3q6A6 7/ 82/ 3=/ A813B8 = 2898 73=62.35/ 7/ <3 = 8r6A6 E:8<60A3 80A/A/B
C60B82/6280A3 N B8:30A6q3 </o6 E85=8<6@ E:8;6/</5;q6 56D #2/ :/0A6D %E3:/1/ 56 B15; 6 ./
7806./256 8289/ oA8 06 2/1/.3 ;2;A/: </0D +/o/ "$- 56 ; 8C13B; 0E3:/16D %E3:/16 0; 0<;7/ 8B8
</0@ / *6.3B %<56A180A3 E;A;56 E8 0<56A18oq;!B873:/23= <1/B23= / B85/ 06 A/B8p6 8C13B;5; ;
0E3:/12; F8:= ;D '8 56 26oA8 oA8 3= / 78r3<15/52; 0;oA32; 3 A8 q6 ./ </0 :/0A3D

Q </o3= = 673A/435/=/@ 8056q/5A6 B/B8 </0 2803 0E3:/1/ 30A8 B/8 B/7 C3 5/H/13 2/ 26B8=
A8:2/7;D +3.;/13.3:/5A6 06C6 B/B8 <373A6 5672; 0E3:/1; B85/ </= 06 E:3C13r/</ B/8 26B3 A8:2/78D
#27/@ ;=560A8 7/ C56r3A6 87 2569/@ 80A/23A6 A; 3 8056A3A6 B/B8 </0 82 ./H</A/ ; 0<85;
;2;A:/o2580AD Q.5/o3A6 9/@ A8 0; 5672/ <:/A/ ./ 7:;96 :6/13A6A6D

#<3 968= 6A:350B3 8C1343 3 F8:=6 *6.3B/ %<56A180A3 E:670A/<15/5; 567/2 0B;E 78r3<15/5/ 3273<37;/
B856 0; 06 32B/:23:/16 2/ 8<85 E1/26A3@ B:o316 3 E:6</.31/.316 ./B826 68<566/20A</@ C;7316 06 B/
<308B3= 0E808C280A3= /@ / 827/ 06 =/23F60A8</16 ; <37; 56.3B/ 3 968=6A:350B3H B8=E8262A3D
$6B/7 0; 2/ 8<85 E1/26A3 A6 626:9356 E80A85/16 B/8 15;73 3 r626D #23 0; 6<81;3:/13 06C6 ; A6
968=6A:350B6 03=C816 A/B8 7/ 823 E80A856 ; A85 0F6:3 /BA3<280A3 30A8 B/8 oA8 3 <3 E80A853A6 ;
</o6= A3561;D '3 62A3A6A3 69.30A3:/5; ; 56728= 56.36B8= 030A6=; 313 968= 6A:350B8= 030A6=;D

?80A856 ;23<6:.;=3 A/B<3H 030A6=/@ / ; 8<3= <:6=623= / <3 78C35/A6 E8056A6 3. A3H ;23<6:.;=/D
?80A856 3 B:;98<3 3 7:;93 968= 6A:350B3 8C1343 B853 06 E80A/<15/5; ; r3A2/ E815/ 3 B853 0; </= / 0/7/
268C5/o253<3D '6 8.2/B6d;A302;q/ 313 3=E:32A3@ E:670A/<15/5; F:6B<624356 / 26 26B3 E:8460 313
:/725;D ?80A853 5672/ E560= / 313 E:36/ 313 56.3B B853 06 3= E1/2A3:/ 2/ E8<:o32; G6=156 ;. E8=8q
56.36B3H 03=C81/D '3 03=C813 781/.6 B/B8 C3 80A</:313 5672; 87:6p62; F:6B<62435; 3 253H8< C:85 q6
06 E8<6q/</A3D

$/ B:/5; B:/56</@ 26B3 87 </0 q6 9:/73A3 3 B;q6 ; 968= 6A:350B3= 8C1343=/ B853 230; 0/=8
E:/<8;9/82343 313 B84B6D > 2896 2/0A/= C6 2/ ?165/7/= / 26= /5; 8C13B6 B853 0; </= / .2/23@ /
A/=8 56 E8.2/A8 A8 7/ 8C1343 3 ;918<3 7:r6 626:935;D Q /0A:8189353 56 E8.2/A8 A8 7/ 87:6p623
;918<3 3=/5; 626:96A0B6 A/6B6 3 7/ 06 87:6p626 0A</:3 76o/</5; ; 87:6p623= ;918<3= /D &0A8
A/B8 56 3 0/ 968=6A:350B3= 8C1343=/D +613B/ E3:/=37/ 56 0</ ; <6.3 0 B8:3oA6256= ;918</ 3
8C13B/D (26:935/ 06 0B;E15/ ; ;918<3= / 3 968=6A:350B3= 8C1343=/ 3 ; F8:=/= /@ / <3 =8r6A6
2/;63A3 B/B8 7/ E:/<3A6 A6 8C13B6 3 r3<3A6 ; 253= / 313 8B8 253HD (26:9356 06 F8:= 3:/5; 3 E:62806 2/
A/5 2/632D +3 q6A6 A/B8p6 8AB:3A3 7/ 87:6p626 626:9356 3=/5; 87:6p62; =8q@ / 7/ 26B3 ;918<3
=89; C3A3 26E:35/A23 ./ </0 B/7 C8:/<3A6 ; 253= /D ?826B/7 56 C8156 0E/</A3 ; 462A:; 08C6 2698
7/ 0A/<3A6 0<85 B:6<6A ; ;9/8 87 76<67606A 0A6E623@ ./A8 oA8 ;918<3 87 76<67606A 0A6E623
t./B15;6/</5;u 626:935;D Q 462A:; 08C6@ 626:935/ A666 8B8 </0D

Q A:8!73=62.382/1285 :6/1280A3@ =2893 E8:A/13 06 8A</:/5; B/B8 C3 8=89;q313 6<81;435; 2/

G6=153D *6728 <:356=6@ 8</ E1/26A/ 56 C31/ ./E66/q62/ 3 0A/<1562/ ; B/:/2A32@ ./A8 oA8 0; 8<756
E80A85/16 26B6 0316 B856 0; :/A8</16D $/ 8<85 E1/26A3 56 C318 26<56:8</A28 <613B3H :/A8</@ / 26B3
A:/98<3 A3H :/A8</ 58o ;<356B E80A856 ; <37; E8AE;28 E;0A3H E87:;65/ 2/ 8<85 E1/26A3D '8 56 C318
<:356=6 H/80/ 3 B82F;.356@ B/7/ 0; M898<3 %A</:/A6153 :/A8</13 E:8A3< M898</ %A</:A615/D

G/ <:356=6 E801672569 A/1/0/ :/A8</@ E:356 26B3H 7606A 78 7</2/60A H315/7/ 98732/@ G6= 15/ 56
C31/ ./E66/q62/ ./A8 oA8 0; C3q/ B85/ 0; 75618</1/ 2/ C/.3 0<56A180A3 3.9;C/ A; C3AB;D G2/A6@
0<56A180A 26 E8C56p;56 ;<356BD %<56A180A 2356 ;<356B E8C56723B ; 828= 0= 301; B/B8 <3 9167/A6 2/
E8C56723B6@ 56: 0<56A180A = 8:/ ;63A3 B/B8 7/ 06 32A69:3o6 0/ 0<3= 735618<3=/ 06C6D ?:/!
%A</:/A615 56 ; 0<3= 0A</:3=/@ / 0<56A180A 3 = :/B 0; 735618<3 ?:/!%A</:/A615/D #7/A16@ 0<56A180A
=8:/ ; 06C3 32A69:3:/A3 3 = :/626 735618<6 06C6D

+:356= 6 56 8:B60A:3:/18 3 E8<6.3</18 789/p/56D *67/2 87:6p62 C:85 <:6=620B3H 43B1;0/ = 8:/8 56
7/ E:8p6 2/B82 A3H E80167253H :/A8</@ 7/ C3 06 2/B82 A89/ 626:96A0B3 E8:A/13 2/ 8<85 E1/26A3
=8913 E828<8 8A<8:3A3@ A/B8 7/ 0<56A180A = 8r6 E828<8 ;q3D '8 56 ;E:/<8 8</5 <:6= 620B3 E6:387D
%<56A180A 06 0/7/ 2/<873 7/ 58o 56728= 78p6 2/ 8<; E1/26A; 3 82/ 06 E8<6q/</ 0</B89 7/2/D
"/ C3 A/ 626:935/ =891/ 2/E:/<3A3 0<85 E;A B:8. </o; 0<3560A@ 82/ 06 = 8:/ 0= 560A3A3 2/ 8<85
E1/26A3D

&2A613962435/ 06 E:8C35/ ; 8C13B; A/1/0/ B853 8C:/.;5; 968=6A:350B6 8C13B6 2/ G6=153D $ 6 :/73 06
8 A8= 6 7/ 26B3 0<6= 3:0B3 C:87 016A3 7816@ 2/E:/<3 .2/B ; r3A; A8B8= 28q3 3 827/ 8716A3D &/B8
26B3 B:;98<3 560; 2/0A/13 ;01567 01356A/25/ 16A56134/@ 32A613962435/ 06 = 8r6 ./=/0B3:/A3 ; B853 987
8C13B 82/ A8 r613@ / 32A613962435/ <68=/ 660A8 781/.3 ; 8C13B; A/1/0/D " 8q3 q6 <:356= 6 B/7/ q6
G6=15; ./E15;02;A3 567/2 A/1/0 0<56A180A3D

&2A613962435/ 56 3.</2 98<8:26 :35663 3 3.</2 E30/26 :35663@ 56: 56 A8 F:6B<62435/ B85/ E826B/7
781/.3 ; 968= 6A:350B3= 8C1343= /D ?3A/98:/ 56 2/.3:/8 0/= 8 B82A;:6 0<69/ A89/@ /13 25698<;
968=6A:35; 7:;93 230; =8913 :/.;= 56A3D , 68=6A:35/ 56 5672/ 6<81;3:/2/ 32A613962435/@ 0B;E
78r3<15/5/ B853 =89; E:6256A3 89:8=26 B8136326 32F8:= /435/D Q 0A</:3@ .2/B8<3 ; r3A; 06 E:/<6 E8
4356185 8<85 E1/26A3 ;. E8= 8q .<;B/ B853 56 3.2/7 15;70B3H F:6B<62435/@ B/B8 C3 06 3= E1/2A3:/13 A3
56.36B3 8C1343D Q E866AB;@ ; =2898 2/<:/A/@ A3 8C1343 0; C313 B:;98<3D #23 q6 827/ 6<81;3:/A3 ;
A:8;918<6@ 132356 3 = 2896 7:;96 0A</:3D

'3 .2/B8<3 ; r3A; 2/5./0A;E1562353 0; ; (29160B85 3 E8 4356185 (<:8E3D >6p;A3=@ 253H A/B8p6 3= / 3
2/ E87:;65; B856 56 E:356 C318 E8.2/A8 B/8 %8<56A0B3 %/<6. 3 *;r2/ -= 6:3B/D #23 06 6/B
E85/<15;5; 3 ; %-"@ = /7/ 06 26B3 15;73 A:;76 7/ 06 A8 E:3B:356D >3 .2/=8 7/ 26B6 87 </o3H :/738
3 '+ B;q/ E1/23:/5; ;0B8:8 7/ 2/E:/<6 6= 30356 8 A3= .2/B8<3= / ; r3A;D +3756q6= 8 B813B8 q6 06
823 E:/<3A3 7/ 23oA/ 26 .2/5; 8 253= /D '8 q6 C3A3 32A6:60/2A28D

'3 968= 6A:350B3 8C1343 0; B/8 H356:8913F3D R 356:8913F3 3 E3BA89:/=3 :6.C/:623 ; B/= 62; 2/ 8<85
E1/26A3 E87:/.;=356</5; 01362; =/23F60A/435; 32A6139624356D ":;93= :35663=/@ ;B813B8 C3 26B8
63A/8 H356:8913F6 ;:6./26 ; K8.6A/ L/= 62; UK806AA/ %A826@ E:3=D E:6<DZ A3 H356:8913F3 C3 = ;
98<8:313 5672; 0A</:D L/7 C3 06 26B8 ;0E568 056A3A3 A/5289 56.3B/ 0<6oA623B/@ A3 H356:8913F3 C3 = ;
E:36/13 5672; 7:;9; E:36;D - B/7 C3 26B8 C38 ; 0A/25; 7/ :/.;=356 56.3B M898</ %A</:/A615/@
827/ C3 =; A3 H356:8913F3 98<8:313 26oA8 E8AE;28 7:;9/6356D

'3 B:;98<3 3 7:;93 968= 6A:350B3 8C1343 B853 06 E80A/<15/5; 2/ G6= 15; 0; A; B/B8 C3 </= E8= 8913
7/ 87:r3A6 0<85; F:6B<62435; 3 7/ 258=6 ;E:/<15/A6 3 B/B8 C3 </0 8H:/C:313 7/ r3<3A6 0<85;
0<56A180AD #23 </= 0A/<15/5; 2/ :/0E81/9/256 F:6B<624350B; 32F8:= /435; 2/ 567/2 <68= /
0;EA31/2 2/632@ / 23B8 3H 58o ;<356B 26 = 8r6 E8AE;28 8C5/023A3D
'3 968= 6A:350B3 8C1343 0; 0<3 E8<6./23 567/2 0 7:;93=@ / /B8 C3 06 823 E85/<313 0<3 ./56728 3
8756728= 2/ r3A28= E815; 26B89 F/:= 6:/@ 827/ C3 3= 06 039;:28 26oA8 87= /H 760318D #23 0;
:/0E8:6p623 87 567289 78 7:;989 B82A3262A/ / 823 E8B:6q; 567/2 E85/0 F:6B<62435/ 8B8 8<6
E1/26A6 B853 q6 E8= 8q3 7/ 06 /BA3<3:/ =:6r23 030A6= G6=156D #23 q6 </= 8= 89;q3A3 7/ 06 26
8056q/A6 A813B8 6;728 ; <6.3 0/ 0<3= 823= oA8 .2/A6 3 7/ 06 8056q/A6 ;9872356 B/B8 C;76
781/.318 78 E:8=562/ ; F:6B<62435/=/D

'8 56 0/=8 = /18 87 8289/ oA8 .2/B8<3 ; r3A; :/76D #23 0; E:313628 32A6:60/2A23D >2893 87 253H
0; 73./523:/23 3 B820A:;30/23 87 0A:/26 823H B856 26B3 2/.3</5; t-0462767 >/0A6:0uD # 253= /
A/B8p6 E80A853 567/2 <34D +3 = 8:/A6 :/.;= 56A3 A8 7/ 26B/ C3q/@ B/B8 E80A/5; :/.<356235/@ A/B8
:/.<35/5; 3 567/2 89:8=/2 0=30/8 ./ H;=8:D #23 <376 H;=8: ; 0<3= 0A</:3= /D
L/8 oA8 0=8 :6B13@ 968= 6A:350B3 8C1343 3 F8:=6 0; 2803843 32A6139624356D #23 0; F:6B<624350B3 A/1/03
B853 06 = 89; =87;13:/A3 3 = 35625/A3D

,68=6A:350B3 8C1343 B853 781/.6 2/ G6=15; 0; 26oA8 013628 626:96A0B3= B/E35/= / 313 626:96A0B3=
UtH356:8uZ913F3= /D #23 0/7:r6 32A613962435; 3 0/0A/<15623 0; A/B8 7/ E8<6r; 3 2/E:/<6 5672;
32A613962A2; 626:96A0B; =:6r; 8B8 8<6 E1/26A6D '/ 626:96A0B/ = :6r/ q6 3= /A3 5672;
F:6B<62435; B85; q6 68<566/20A<8 =8q3 B8:30A3A3 7/ C3 6<81;3:/18D

Q 8<8 <:356=6@ 8</5 56.3B 58o ;<356B 2356 E8AE;28 E:30;A/2 2/ 8<85 E1/26A3D '3 913F3 781/.6 2/
G6=15; B/8 :6.;1A/A 567289 87:6p6289 :/.<3AB/ 0<3560A3D #23 :/76 2/ = 560A3= / B85/ 0; A.<D
<8:A6B023 462A:3@ B853 3H 0/7/ E:3<1/66 ;2;A:/D ?:6B8 = 3135/:7; 98732/@ 8AB/B8 56 G6=15/ ; 8:C3A3@
8<3 0; 462A:3 C313 0; E:6B:3<623 3 ./B8E/23D $6B3 87 253H 0; E80A/13 1/A62A23@ / =2893 87 253H 06
0/7/ E828<8 C;76 ./A8 oA8 E18=C/ 8B8 8<6 E1/26A6 E863256 7/ 06 B37/D

G2/B8<3 ; r3A; 0; 567/2 </250B3 3.:/. 0<3560A3D #23 781/.6 ; </o; :6/1280A B/B8 C3 </= E8B/./13
7/ :/4382/123 ;= 26 = 8r6 B82A:8130/A3 0<6 E87/AB6@ C6. 8C.3:/ B813B8 C3 82 A8 <8138D '/
789/p/25/ 06 ;B:oA/5; 0/ B873:/256= 0<3560A3 0<3H 15;70B3H C3q/D L/7 987 06 :6/1280A 26 = 8r6
8C5/023A3@ ; 0<3560A3 06 F8:= 3:/ 5672/ 28</ E:80A8:35/D

G2/B8<3 ; r3A; 0; E8AE;28 </2 18936B89 ;= /D #7/A16@ 823 E:30315/</5; 15;76 7/ E:8o3:6 0<85
B82462.;023 E89167 2/ 0<356A@ 56: :6/1280A@ 82/B</ B/B</ 56 E:356 C31/ 73./523:/2/@ 26 =8r6
8C;H</A3A3 A6 789/p/56 B/8 5672; = 89;q280AD #23 0; 8B37/6D #23 2/<876 :6/1280A 2/ A8 7/ 06
82/ E8B:626 3.</2 0<853H <1/0A3A3H 9:/234/D

?80A853 87:6p623 C:85 :/.189/ ./ E80A85/256 .2/B8</ ; r3A;D Q 0; oA323@ 823 E80A856 7/ C3 2/A56:/13
8<; :6/1280A 7/ 06 E8B:626 N 7/ </0 2/<67; 2/ A8 7/ 8056q/A6 / 26 7/ :/.= 3o15/A6D +6q32/ 823H
B853 30A:/r;5; A6 .2/B8<6@ :/.= 3o15/5; 3H@ ;=560A8 7/ 3H 8056q/5;D +613B/ M:3A/235/ 56 ./0;A/
253=/ ./A8 oA8@ ; 918C/1;@ M:3A/243 3= /5; <68=/ 18936B3 8:562A30/2; 0<3560AD >6p;A3=@ ;
E87:;656 M:3A/20B3H #0A:</ ;A302;A8 56 =2898 =69/13A0B3H 0E3:/1/ 3 B/= 623H 8C13B/ B853 0;
32A6.3<28 ;A30B3</13 ; 0A/28<23oA<8 32A;3A3<26 0E808C280A3D

'/5 F628= 62 26 0/7:r3 ; 06C3 23B/B<; 1893B;D #2 2/<873 56728 18936B3 8:562A30/28 7:;oA<8 7/
E:3.2/ 26oA8 oA8 26= / 0= 301/@ / A8 06 :/73 2/ 567/2 ./C/</2 3 8639167/2 2/632 C6. 0A</:/25/
E:356A256 C318 6356= E89167; 2/ :6/1280AD QB813B8 C3 269756 78o18 78 0E;oA/25/ 0<6=3:0B3H
16A56134/@ 78o18 C3 78 ;.26= 3:625/ 15;73D L/7 06 B82462A:3623 B:;98<3 E818 r6 ; 56728 r3A28 E8156
/ 253H8<6 0A/C153B6 06 E:3 A8= 6 26 18= 6 3 26 ;= 3:;@ 827/ 06 23B8 E:6<3o6 26 ;.C;p;56D "/ 13
0/7/ :/.;= 356A6 B/B8 06 8<6 626:9356 39:/5; 0 </=/^ $6B6 0A</:3 A:6C/ :/73A3 A/B8 7/ 06 E:3
A8= 6 26 E:68EA6:6q;5; </o/ 0A:;52/ B81/D

'/5 56.3B 06 ;<873 2/ 8<; E1/26A; B/8 5672/ E:36/@ ! 567/2 913F 32F8:= /435/ B853 0/7:r3 5672;
F:6B<62435;@ B/B8 C3 </= E8= 89/8 7/ <3 87:r3A6 0<85; <1/0A3A; F:6B<62435;D L/B8 06 <3 C;73A6@
A/B8 56 3 7:;93= / 1/Bo6 7/ </0 E:863A/5; 3 E:6E8.2/5;D +3 06 435618 <:356= 6 2/1/.3A6 E87
2/7.8:8= 56: E80A856 ;:6p/53 B853 E:/A6 6<81;435; 3 18B/435; 0<3560A3D L/7 0<3560A 56728=
780A3926 87:6p623 0A;E/25@ 78<873 06 E8=8q 3.</2/ B/B8 C3 06 8028</16 7:;96 r3<8A26 8C1/0A3
A6 F:6B<624356D

":;93= :35663=/@ :643= 8@ <3 8A<8:3A6 567/2 :60A8:/2 3 82 E80A/26 <68=/ E8E;1/:/2D +3 253=6
;E:/<15/A6@ 87:r/</A6 9/ 3 E:87/56A6 78C:; H:/2;D #27/ </= 26B8 78p6 3 B/r6@ ksA/ =3013o 8
1/24; A3H :60A8:/2/^ R/576 7/ A6 E80<;7/ E:8o3:3= 8DP

'3 968= 6A:350B3 8C1343 </= E8= /r; 7/ E:8o3:3A6 F:6B<62435; E80<;7/ E8 8<85 E1/26A3 3 7/ A;
F:6B<62435; 87:r/</A6D #23 </0 E873r; 3 78<876 78 567289 28<89 23<8/ 780A392;q/D

4(%5-657& :9888 ! %3= F82356 %<560280A3

%<56A18 </0 32F8:= 3:/D

#28 </0 E873.6@ 56: B/7 0A6 32F8:=3:/23@ <3 06 80564/A6 = 842356D L/7 230A6 32F8:=3:/23@ <3 06
80564/A6 26=8428D

G<;B 56 7:;93 2/432 ./ E:356280 32F8:= /435/@ 56: 82 56 738 0<56A1/D +/= / 06 =8.6 4323A3 7/ 0;
.<;B 3 0<56A18 7<356 :/.1343A6 0A</:3@ 56: 3. </069 ;91/ 916730A/ <3 <373A6 0<56A18 843=/@ / .<;B
4;56A6 ;03= /D M;7;43 7/ B8:30A3A6 7</ 87<8562/ E87:;45/ </069 A3561/ 7/ E6:43E3:/A6 .<;B 3
0<56A18@ 4323 06 7/ 0; .<;B 3 0<56A18 A/B8756: :/.7<85623D #23 0; ./E:/<8 5/B8 E8<6./23D #23 0;
;<35623 56728 ; 7:;98 56: 8C856 2806 32F8:= /435;D

Q =2893= 0A:;BA;:/= / B856 0; 3.9:/75626 2/ 8<8= E1/26A;@ E898A8<8 ; 0A/:3= 3 E:/0A/:3=

0<6A3= 9:/756<32/= / 0; 32F8:=/4356 E8H:/25626 ; B/=62;D $/ 30A3 2/432 56 32F8:= /435/
E8H:/2562/ ; </03= B80A3= / 3 ; </085 0B616A285 F8:= 3D L/7 <3 78.<813A6 .<;B; 7/ 06 B:646 B:8.
</0@ 82 8AB15;4/</ E:81/. 3 78.<815/</ 32F8:=/4353 7/ E8426 A643 3 E:6E1/<3 </06 A35618D '/B8756:@
.<;B E:873:6 ; A18@ ;A5646 2/ <3C:/4356 G6=156 3 78.<815/</ E:60A:;BA;:3:/256 =816B;1/:289
E8:6AB/ 32F8:=/435/D

#23 87 </0@ B853 ; :/7; 0/ 7:;93= / U253H8<3= A35613= /Z B8:30A6 .<;B@ A/B8756: 78<876 A3= 6 78
=816B;1/:289 E:60A:;BA;:3:/25/ 3 0A</:/5; 8A<8: 7/ C3 32F8:= /435/ = 891/ A643 3 E:6E1/<3A3 A35618D
#</5 2/432 :/7/ 46 E80A/A3 0<6 7;C153 3 7;C153D

Q '3C6A;@ 9756 0; =/50A8:3@ B853 0; C313 ; 0A/25; 7/ A:/2046273:/5; 0A/<:280A ;=:13@ 253H8</ A3561/
0; C31/ 0/4;</2/ 3 4;</2/ 7/ 06 :/0E/72; B:8. E:3:8723 E:8460@ 56: 253H8</ 0B616A2/ F8:= / 56
C31/ 5/B8 062.3C312/ 2/ F:6B<624356D &2F8:=/4356 0; E8H:/25626 ; B80A3= / 3 ; B/= 625;D Q 26B3=
=560A3=/ ; '3C6A;@ 9756 06 ; 26B3= = 82/0B3= 06BA/=/ 253H8< B82A32;3A6A =8.6 E:/A3A3 4/B
A30;46 98732/ ;2/A:/9@ E8H:/25626 0; 18C/256 0A/:3H = /50A8:/D #23 3=/5; A/526 E:80A8:6 ;
B853= / 06 7:.6 A6 18C/256D L/7 26AB8 ;756 ; A6 E:80A8:6@ A/5 26AB8 = 8.6 E8=84; .<;B/
87:673A3 B813B/ 56 C31/ 32A613962435/ 15;73 B853= / 0; 56728= E:3E/7/16 A6 1;C/256D

K/.;=356A6 13 <3 ./0A8 0; 73./523:/26 B:30A/126 18C/256^ L:30A/126 0A:;BA;:6 0; B/8 H8189:/F0B3
B8= E5;A6:@ 823 = 89; 56728= :/.<35628= 48<56B; 313 48<56B; B853 56 0/ A8= F:6B<624358=
032H:823.3:/2@ 87/01/A3 26<56:85/A2; B813432; 32F8:=/435/D #26 0; 73./523:/26 B/8 18C/256 7/ C3
01;.316 B/8 B87 ; :/.;=356</25; </06 <1/0A3A3A6 18C/256 B/8 3 ./ :/.;=56</256 7/ 0; </06 B80A3
<:18 7:/9845626D

G<;B 56 8:;756 ./ A:/20F8:= /435;D J;</:3 ]:6B<624356@ / A8 56 828 0A8 <3 A:6C/A6 E80A/A3@ ;46
B/B8 7/ = 87;13:/5; F:6B<62435; B85; 823 7:.6 B:8. .<;BD G<;B =8.6 E:87:356A3 B:8. C318 B85;
A</:@ E8B:6A/A3 =816B;16 3 E:601/9/</A3 :6/1280A3D

Q 0A/:8= (93EA;@ /2BH@ 313 03=8C81 B853 56 E:670A/<15/8 .3<8A 56 ./E:/<8 C38 = 87;1/A8:
F:6B<624356D #2 56 C38 B8:30A62 87 3273<37;/ B853 0; C313 =/05A83 ; 4;</25; F:6B<624356D -2BH 56
0134/2 /B;0A34B85 <31343 3 = 8.6 E:6;0=56:/</A3 .<;BD '8 56 2/432 2/ B853 56 C38 B8:30A62 E:356
=2898 <:6=62/D ?:356 2698 0A8 C;76A6 ; 0A/25; 7/ B8:30A3A6 .<;B B/8 3 0A/:3 (93E4/23@ <3 46A6
=8:/A3 E8B/./A3 3 76=820A:3:/A3 </0 32A69:3A6AD

+3 46A6 =8:/A3 E:843 B:8. 323435/435; 313 A60A3:/256 7/ C3 06 <375618 7/ 13 0A6 C60E:356B8:23 3 7/ 13
</= = 8.6 C3A3 E8<56:628 E805678</256 8</B<6 =843D #</5 E1/26A 580 2356 .:68 ./ A8 7/ 06
8</B</ <:0A/ 626:9356 =8.6 7/A3 ; C318 4356 :;B6D L/7 C3 <3 = 8913 8<; <:0A; :/7/ <64 0/7/
3.<873A3 2/ 06C3@ </0 .3<8A 26 C3 C38 039;:/2@ 56: 8B8 </0 C3 06 2/018 5/B8 E;28 823H B853 C3 HA5613
7/ .18;E8A:356C6 </0 A/162AD +/=/ 46 C3A3 7/26 =89;4280A3 A6B B/7 C;76A6 .:613 ./ 253HD

+3 = 8.6A6 7/B/B8@ E846A3 :/73A3 0/ .<;B8= @ 78.<815/</5;43 =; 7/ 06 39:/ 0/ </03= A35618= D

J62A:3:/5A6 06@ 84303A3A6 0<85 ;= 3 78.<813A6 A828<3=/ 7/ E:81/.6 B:8. </0D %A/:6 0B816 =30A6:35/
0; :/7316 0/ .<;B8= 2/ 8</5 2/432 3 A8 56 5/B8 =842/ A6H23B/@ B/7 06 :/73 ; 9:;E3D G/ 26B813B8
98732/@ 580 ; 8<8= 7606A1564;@ <3 46A6 06 ./4;73A3 :6.;1A/A3= / </03H B88E6:/A3<23H .<;B8</ 313
03=F8235/ 0<560280A3 B856 46 06 0/= 6 3.<873A3D

L/7 <3 ./56728 E:83.<873A6 .<;B8<6@ </=/ 46 C3A3 E8B/./28 828 0A8 <3 =8.6A6 ;:/73A3@ C6. 7/
0A6 78 A/7 .2/13 7/ <3 A8 =8.6A6D +3 46A6 2/;43A3 B/B8 7/ B8:30A3A6 3 B;1A3<3:/A6 8<; 626:935; 7/
C3 B:63:/13 </0 <1/0A3A3 /2BHD L/7 <3 756A6A; B;E3A6 E1/0A6132@ 7356A6 26 .2/ 30E846AB/ 0A8 0<6 3.
A89/ =8.6 0A<8:3A3@ A/B8 7/ <3 E8426A6 :/7643 = /16 B;91346 313 0E/96A6@ 7/ 7356A6 <373 B856 0;
=89;4280A3 ; E1/0A6132;D $/B82 0A8 06 7356A6 39:/18 26B8 <:356= 6 0 A3=@ 8AB:3A 46 0<85 <1/0A3A3
0= 30/8 ./ B:6/A3<280AD

L:6/A3<2/ F8:= / .<;B/ </= 56 ./ E846A/B E8B/./2/ B/8 E8A62435/1D +3 0A6 <875623 3 8:B60A:3:/23
B:8. ;E8A:6C; .<;B/D % <:6= 628= @ <3 46A6 0/=8 8AB:3A3 0A</:3 B856 .<;B =8.6 E80A343D #27/
46A6 E80A/A3 0=561353 3 ;43A 46A6 0A8 .<;B = 8.6 B:63:/A3D (26:9356 06 ;<876 2/ 8</5 2/432@ A/B8
7/ E80A853 039;:280A@ 7/ 06 26 .18;E8A:356C6@ 7/ 06 <3 26 E:6304:E3A6 313 26 E:6A56:/A6 .C89 </069
62A;.35/.= /D

+3 46A6 8A343 5/B8 7/16B8 B8:30A643 .<;B@ 2/B82 0A8 0A6 :/7313 0 253= 26B8 <:356= 6D '8 56 B/8 7/
56 56728 =8428 8:;756 7/28 56728= 756A6A;D M6. 8798</:/5;46 0<560280A3 <3 C3 =8913 :/73A3
0A</:3 C6. 8C.3:/ 2/ B82.6B<6246 8289/ 0A8 :/73A6D

K/.= 3013A6 8 A8=6 0A8 .<;B :/73 2/ 0A/73823= / 313 /;73A8:353= /D $/<35/256 ./ 5672; 9:;E; A6
;:1/256 0A</:/5; 5672; 87:67562; /A=80F6:;D L/7 <3 ; 9:;E3 0A</:/A6 567/2 .<;B ./56728@ <3
0A</:/A6 </0; <1/0A3A; /A= 80F6:;D +3 78.<815/</A6 A/7/ 87:675623= 626:935/=/ 7/ 06 3.:/./</5;
B:8. </06 A35618 B/8 B:8. 320A:;= 62AD

+3 87C/4;56A6 </0/ <64 0A<8:62/ = 3015625/ 3 78.<815/</A6 :/.1343A3= = 618735/= / 3 626:935/= / 7/

B8:30A6 </06 F3.34B8 A35618 B/8 = 89;4280A 7/ 06 E:6.62A3:/5; 2/ E1/26A3D G/E:/<8@ <3
78.3<15/</A6 .3<8A2; 02/9; A3H 626:935/ B853= / <3 78.<815/</A6 7/ 06 3.:/.6 B:8. </0 0/= 3HD +3
E80A/56A6 B/2/13D QE:/<8 B/8 0A8 8</5 2/0 B/2/1 U= 3013 06 2/ M/:C/:; >/:4323/B@ 8EDE:6<DZ
78.<815/</ 7/ 78756=8 ; </0; 0A</:280A B:8. 25628 A35618@ <3 78.<815/</A6 <3C:/435/= / 7/ B:8.
</0/ A3561/ 3 0 </08= E8= 843 7875; 2/ E1/26A; ; 0<8= E;28= 05/5;D +3 E8:/75/A6 260A8D +3
80A</:;56A6 =89;4280A 3 5672/ 626:935/ 30B8:30A/</ A; =89;4280AD

(=8435/@ 56: 82/ 782803 80564/5 3 E8<6.;56 </0 0/ 80564/56= @ 78.<815/</ </= 7/ E:6E8.2/A6
:/.1343A/ 0A/25/ 0<560280A3D )8934B3 ;= </= 26 78.<815/</ 7/ E:6E8.2/A6 0A/25/ 0<560280A3 56:
82 06 4<:0A8 7:.3 ./ 0<85 <1/0A3A3 3762A3A6AD )8934B3 ;= 56 ./B15;4/2 ; 9:/2346 69/ 3 26 .613
E:3.2/A3 7:;9/ E87:;45/D #0564/5@ 0 7:;96 0A:/26 ;<356B E:3.2/56 7:;9/ E87:;45/ 56: <3 E:6B8
80564/5/ .2/A6 :/.13B8</A3D +3 = 8.6A6 43A/A3 .2/B8<6 3 76F3234356 E8= 84; 626:9356 B85; <3 .8<6A6
80564/5D '8 56 ./E:/<8 5672/ <3C:/435/D G<;B E:83.<873 0A/25/ 6= 84382/123H 80564/5/D L/7 <3
B:63:/A6 H/:= 82356 .<;B8</@ A8 E870564/ </06 A35618 2/ 260A8D
'8 E870564/ </06 A35618 2/ %+*(')#@ 7;C8B; L#G>&JLQ )*QM-+ 3 2/ "KQ,( %+*('#+(D

+/06 A35618 E826B/7 8C;.=6 :/780A / E826B/7 0312/ 2/7= 842/ A;9/D #28 A:/.3 3 2/1/.3
F:6B<62435; ./ B858= 56 46.2;18@ / 2/ B85; 9/ 56 E87056A38 .<;BD L/7/ <3 78.<813A6 7/ .<;B
0<3:/ 2/ </06= A3561;@ 8AB:3A3 46A6 5672; 7;98 7;98 A:/.62; F:6B<62435;D #</ F:6B<62435/ 56
E8<6./2/ 0/ :/.<856= "$- 0E3:/1/ ; </06= A3561;D

G<;B 56 E:628023B B853 </0 E8<6.;56 0/ <303= 4H/B:/= / 3.</2 </069 A3561/@ 56: <3 26= /A6
2/432/ 2/ B853 46A6 3= E:30A;E3A3 18934B3D +3 =8:/A6 E:30A;E3A3 0<3= F:6B6<2435/= / 3 4H/B:/= /
B:8. </0 80564/5@ / .<;B 46 </0 E8<6./A3 0/ </03= 80564/56= B853 46 </= 78.<813A3 7/
:/.;=356A6 32F8:= /435;D

L/7 C3 .<;B = 89/8 C3A3 2/013B/2@ <3 C3 9/ ;0H34628 E:8= /A:/13D ?80A856 :6/1280A3 9756 56 .<;B
0A</:28 013B8<3A8 E:670A/<1562D +3 80564/A6 B:6A25; 3 56.3B .<;B/ B/7 <3 A/1/0/A6 </06 A35618 313
E8B:646A6 </06 :;B6D +3 78.3<15/</A6 C89/A0A<8 8<89 8C13B/ B8=;23B/4356 3 B/B8 0; 0<6 0A</:3
=;1A373= 62.382/126 0/=8 80564/5;43 .<;B B/B8 06 3.:/./</D #2 3= / 0<85 <1/0A3A3 56.3B 3 3=/
0<85; <1/0A3A; F8:= ;D

G<;B 2803 3.<5602; F:6B<62435;@ / A35618 E:6E8.2/56 F:6B<62435;D '35618 56 B873:/28 7/ 8798</:/
2/ E:3H</A153<80A F:6B<624356D +613B3 = ;.34/:3 B/8 M66AH8<62 3 > 8./:A 0; C313 B873:/23 7/ ;260;
0A/C312; 32F8:= /435;@ 56: 0; 823 E:3=313 H/:=82356 .<;B/ ; <:6=623=/ B/7 56 2/ 8<85 E1/26A3
<1/7/1/ <613B/ A/=/D "/ C3 ; 15;70B85 0<3560A3 3.<56028 0564/256 80A/18 C;728@ 23.6 <3C:/4356
.<;B/ 0; C316 E:6<67626 3 A/B8 ;0/75626 ; ;= 8<6 8<3H <613B/2/D

G<;B 46 6<81;3:/A3D )5;70B/ C34/ =89; E80A/A3 320A:;=62A3 ./ .<;B@ 0/=3 E:83.<87643 .<;B8<6 3
A828<6D )5;70B/ C34/ E80A/5; F1/;A6@ E3/28@ H/:F/@ 8C8/ 3 A;C/D #23 78.<815/</5; 626:935/= / 7/
B8:30A6 253H8</ F3.34B/ A3561/ 7/ B:63:/5; :/.2813B80A .<;B8</ B853=/ 823 26 ;E:/<15/5; 3 26
B82A:813:/5; 253H8< 78=6AD ";H8<23 0<356A 0<3:/@ / 15;73 0/=8 E:8= /A:/5; 253H8<8
E:30;0A<8</256 A85 03=F82353 B85; 823 3 0<3 80A/13 3.<876D '8 376 E:313428 7;C8B8D

#<6 H/:=82356 = 89; C3A3 B8:30A626 2/ :/.1343A6 2/4326@ 56: H/:=8235/ = 8.6 :/.<3A3 = 2896
0A</:3D *672/ 87 0A</:3 B85/ 56 </.2/ ./ B8:30A6256 8<3H H/:=8235/ 56 7/ 06 = 8:/ C3A3 5/B8 A3H@
B/7 0; A6 H/:=82356 98A8<6D R /:= 82356 =5625/5; 260A8j 826 8A</:/5; E:81/.D &.<56026
B8= C32/4356 .<;B8</ 0<3:/26 2/ 48<56456= A3561; 8AB15;4/</5; 32F8:=/4356 3 F:6B<624356
32A6139624356D -B8 0A6 A3H3 567/2 7;.3 E6:387 2/B82 H/:=8235/@ A8 </= 827/ 78.<815/</ 7/
B8:30A3A6 </06 A35618 B/8 ;:675/5 7/ C3 E:3= 313 3 /E08:C3:/13 F:6B<624356 3 7/ B8:30A3A6 </06 730/256
7/ C3 06 78<613 ; 56728 6B0A/A3428 0A/256D

L/7 <3 E:83.<873A6 .<;B8<6 3 A828<6 0/ 7:;93=/@ <3 3=/A6 E:30A;E 9:;E285 0<3560A3@ 0A8 E:356 A89
E:83.<875625/ .<;B/ 2356 01;4/5D '8 56 567/2 939/2A34/2 0B8B ; 0<560280A3D
L15;42/ :3564 56 R-K>#$&*-D
L/7 435613 E1/26A C;76 = 89/8 0A<8:3A3 H/:= 8235; = 3013@ 435613 E1/26A 46 06 E:8=5623A3D

G/ '# <3 :/73A6D

+& 46A6 87/0315/A3 F:6B<62435; 3 A/5 .<;B 46 06 :/0E:80A/23A3D #2 46 E80A/A3 84/5234B/ C81 3 46.25/
./ E8<:/A H/:= 82353 ; 15;70B85 :/03 N E8<:/A/B 02/.3 9:;E26 0<3560A3 3 03= ;1A/289 8018C/75/25/
30B820B6 02/96 ; 0</B8= 3273<37;/128D

#28 0A8 <3 2/=56:/</A6 ;4323A3 0/ .<;B8= 56 87 268E303<6 </.280A3D -B8 230A6 5/023 ; 0<853=
2/=56:/= /@ .<;B 06 = 8.6 ;15;15/A3 3 2/:/0A3 7/16B8 3.2/7 0<856 E:3=/:289 B/E/43A6A/D #2 06
E87;E1/</ 3 ;46A<6:80A:;4;56 0/ 0<858= <1/0A3A8= 02/98=D G/ </0 56 5/B8 </.28 7/ 3= /A6
5/02; 2/= 56:; 3 828 0A8 </= 56 ; 4315; 0/ .<;B8=D '8 56 C:85 567/2 3 A8 56 E:3= /:28D

M:85 7</ 56 7/ .<;B 8018C/75/ 626:935;D G<;B B:63:/ 567/2 0A8523 </1 ; B856= 06 F:6B<624356
0;=3:/5;D #</ 626:935/ = 8.6 C3A3 ;E:/<1562/ 2/ 260A8 313 E:6=/ 2646=;D +3 0A6 039;:28 4;13 8
823=/ B853 0; =/:03:/13 8B8 9:/7/ *6:34H8D >/:03:/13 0; 7/23= / 3 B:63:/13 0; 0A8523 </1D +/1 56 0
<:6=628= ; 06C3 2/B;E38 A813B8 626:9356@ 7/ 0; 9:/70B3 .378<3 3= E1873:/13D

L/7 ;:87562343 E160;@ A:60; 06 3 B:64; ; B:;98<3=/ 823 B:6/3:/5; 626:935; 8</B<89 </1/D L/7 <3
0A</:/A6 .<;B ; B:;9; 313 E81;B:;9; 567289 0A;E/ 0<56A180A3@ <3 A/7/ B:63:/A6 567/2 0A;E B853
=8.6 ;4323A3 E;28 <306 0A</:3 2698 0A8 0A6 <3 3B/7/ E8=301313D '/5 0A;E 56 0E808C/2 B:63:/A3
6B0E18.356 3 ;230A/</256 3 0A</:/256 =2893H :6/1280A3D L87 :/A234B3H E16= 62/@ :/A234B3 E160 06
3.<8738 B87 823H B853 0; 06 0E:6= /13 ; C3AB;D G/567234B/ 3 2/= 56:2/ 32<8B/435/ 56 C31/ 7/ 3= 06
E:37:;.6 26F3.34B6 0316D K/A2343 0; B8:30A313 8</5 2/432 7/ C3 E8C567313 E:8A3<23B6@ A/B8 0A8 0;
0A<8:313 E:81/.@ 78.<81313 626:9353 7/ A646 B:8. A/5 E:81/. 3 827/ 0A<8:313 0A8523 </1D

L/7 <3 4;56A6 .<;B B/8 :/A23 E8B134@ <3 06 0564/A6 26;98723H 0A</:3 3 7/ 56 A; B8:30A62 .<;B 56:
56 5/B8 = 84/2D
'8 4323 7/ 06 7:;93 80564/5; 26;98728 56: 3H E870564/ 2/ 8798<8:280A .<;B/D $6B3 87 </0 06
;./0/</5; .<;B/@ 26B3 06 ;./0/</5; 0<89 <1/0A3A89 91/0/ B/7/ E:34/5; 3 7/ ./A:/.6 0/ 5/02848=
828 0A8 .616D +3 0<3 3= /A6 0A/2342; = 6= 8:35; 8 A8= 6 0A8 .<;B =8.6 E80A343 3 =89;4280A 8289/
0A8 06 =8.6 E80A343 0/ .<;B8= 56 ./ = 2896 87 </0 567280A/<28 :/.8:28D G<;B </0 = 8.6
87<60A3 ; E87:;45/ 9756 :/.;= 26 = 8.6D +/0 32A616BA A6.3 A8=6 7/ B/A698:3.3:/@ /13 <3 26
=8.6A6 B/A698:3.3:/A3 .<;B@ <3 9/ 567280A/<28 =8:/A6 78.3<56A3D

G18;E8A:6C/ 06 760/</ B:8. 2/=56:;D +3 = 8.6A6 8AB:3A3 =84 .<;B/ 3 827/ 9/ B8:30A3A3 ./
=/23E;1/435; 7:;93=/D %A8 <3 80564/A6 B/7 .3<3A6 ; 9:/7; 3 4;56A6 03:626^ %A:/HD '8 56
.18;E8A:6C/ .<;B/ 3 2/ A/5 2/432 06 = 5625/5; </06 F:6B<624356D '8 56 <:18 E:3= 3A3</2 2/432 ./
=5625/256 F:6B<62435/D

#23 B853 E:83.<876 .<;B .2/5; B853 0; 25698<3 :6.;1A/A3 2/ 15;70B; E03H;D #2 56 260B1/7/2@
0= 6A/ 3 87<:/4/ </= E/.25; 87 26469 7:;989D '/ F:6B<62435/ 56 B/8 C:/</@ 82/ 56
H3E28A3.3:/5;4/@ 82/ 7:.3 </0; 32A613962435; 3 </0; 0<3560A ./A84626D '8 56 B/8 7/ 06 </0/
32A613962435/ 26 =8.6 B82462A:3:/A3 23 2/ 0A8 7:;98D '8 56 B/8 7/ 0A6 ; ./A<8:;@ 56: .<;B
./A</:/ </0; 0<3560A A/B8 7/ E80A/26 8<302/ 8 567285 <3C:/4353 313 ./B15;4/2/ 2/ 567285 <3C:/4353 3
26 A:/.3 <306 230A/ 7:;98D J8<56B E80A/26 567280A/<28 E875/:=1562D >3013A6 A/B8756: 2/ </06
A616<3.8:6 313 2/ .<;B B853 781/.3 3. 7:;93H 616BA:3423H ;:675/5/D

Q<356B 3./.3</ 15;A25; B/7 06 E80= /A:/5; :/.1343A6 F8:=6 F:6B<624350B6 B82A:816 3 B/7 06 <373
B/B<3 0; = 8423 0/<6.2343@ B/8 2E:D .<;B B8:30A623 7/ </0 06 B82A:813:/D Q = 2893= 15;73= / 06
0A</:/ 5/B8 E;28 15;A256@ 26=3:/ 3 ;.C;75625/ B/7 823 4;5; 8 0B:3<623= ;:675/53=/ B853 06
B8:30A6 ./ =/23E;1/435; 0<560280A3D >3 735613=8 8<6 0A</:3 0 </= / 3. = 2898 :/.189/D Q1A3=/A3<2/
0<:H/ 56 7/ 06 <3 78<676A6 78 <646 02/96@ =843 3 0/= 80A/1280A3D

+3 = 8:/A6 0H</A3A3 7/ <3 230A6 26=8423 23A3 ; 567285 03A;/4353 3 7/ 56 </0 ;= A/5 B856 56 </06
2/5B:6/A3<2356 8:;756D

+-% Q> & +-%( >&%)& LK(&K-*Q +-%( &%LQ%'+#@ M(G #MG&K- L#*- >('#"- & L#*-
'(R$#)#,&*- *( L#K&%'($ -D

#23 B853 ; 0<8585 <1/0A3A85 0A</:280A3 7561;5; 0/ 26E89:603<3= <870A<8=@ E80<64623 H/:=82353 3
E80<64623 0<56A180A3@ 823 06 ;7:;.;5; 0/ 253H8<3= 73= 62.382/123= E/:A26:3=/ B853 :/76 ;E:/<8
30A; 0A</:D

+3 0A</:/A6 =80A8<6 0<56A180A3 3 <3 7:.3A6 0<56A18028 B873:/2/ <1/B2/ B/8 E8AE8:/25 3 B/8
8A<8:626 E8:A/16D
#23 B853 0; 2/9:/75623 0/ :/.;= 56</256= @ 7/ 0; 823 E8.</23 7/ B8:30A6 .<;B B/8 738 253H8<89
E801/ 3 B853 E:6E8.2/5; A/5 E8.3< 3 8798<8:6 2/ 2569/ 46 6<81;3:/A3 :/E3728= C:.328= D

#23 87 </0@ B853 06 A/B8 :/E3728 :/.<35/5; 46 567289 7/2/ C3A3 E8.</23 7/ E:670A/<15/5; =2896
15;76@ 7/ E:670A/<15/5; 0<56A0B/ 8B;E15/25/ 0<560280A3 3 7/ E:8=5626 E80A8564; F:6B<62435; 0/
0<853= .<;B8= D

4(%5-657& :8: ! K/0E1/=0/5A6 ;2;A/:253 ?1/=62

?1/26A/ A6.3 7/ ;0E80A/<3 C/1/20 ; 06C3D M;7;43 56 O%6C0A<8P U061FZ 567/2 0B18E@ 0/0A/<1562 87
0<3H 0A</:3@ 3.<5602/ H/:= 82342/ <3C:/435/ 56 A/ B85/ C/1/203:/ 0</ </0/ </2.6= /150B/@
=;1A373= 62.382/12/@ =;0B/ 3 .620B/ %6C0A</D U061<60Z

+3 0A6 26<56:8</A28 B8= E16A2/ 3 43A/</ C34/@ 0A8 <3 0/7/ E84325/A6 3 0H</4/A3D "8.<813A6 06C3 7/
06 :/04<56A/A6 3 7/ E80A/26A6 8</ E8AE;2/ 45618<3A80AD $ 3AB8 </0 ; A8=6 26 E:35643@ 803= </0
0/= 3HD -B8 <3 78.<813A6 8<8 30E;256256 3 ./<:06A/B@ </0 846B;5; A/B<3 <37343 3 E6:0E6BA3<6@ B853
0; E8AE;28 3.</2 78069/ </06 =/0A6D

+3 ;E:/<8 8AB:3</A6 7/ <3 A:6C/A6 </06 6= 84382/128 A35618 3 7/ <3 A:6C/A6 #M#*(@ </0;
.620A<6280A 3 </0; = ;.6<280AD +3 A:6C/A6 0<6 </06 A/162A6@ 7/ C3 E:6.3<5613 3 7/ C3 0H</A313 0A8
06 ;E:/<8 :/.8AB:3</ 3 :/.<35/ 2/ E1/26A3D
>813=8 </0@ 0H</A3A6 #GM&)*$#%' <:6=62/ ; B856= .3<3A6D L/8 0A8 =3 E:8<873=8 <:356= 6 0/
0</B3= 87 </0@ A/B8 46A6 <3 E8 :67; C3A3 A60A3:/23 3 B/7 78756 E:/<8 <:356= 6 ! E80A/<15623 7/
;43A6 =2896 7:;96D

L:8. 80564/5@ <3 =8.6A6 8AB:3A3 E;28 <306@ 56: <3 A6.3A6 A8= 6 7/ ; </= / 260A8 :/.:35603A6 3 7/ ;
</= / 260A8 ;E8AE;23A6D

"/ E8B/.6A6 06C3 B813B8 0A6 26!45618<3A3@ <3 0A6 0A<8:313 03A;/435; 268E303<6 :/.7<856280A3@ B85/
</= 3.9167/ B/8 7/ 56 3.</2 </0D +/= / 06 4323 B/8 7/ </0/ 7:/=/ 3= / 26B/B<6 <6.6 0/ <:18
=8423= 48<56B8= E:8A3< <:18 = 8426 .626D L856 87 A8 7<856 46 C3A3 .:A</^ 'B8 56 ; E:/<;@ / AB8
; B:3<;^ %A8 2/= 8</ <5642/ 7:/= / ./E:/<8 H846 :643^ L/B<8 56 8<8 </250B8 89167/18 B856
:6F16BA3:/ 828 0A8 06 760/</ ; </= / ;2;A:/^

L/7 <3 E:30A;E/A6 = ;1A373= 62.382/1280A3@ <3 = 8:/A6 0A8E3A3 O=;0B80AP 3 O.620B80APD +3 2646A6
E:60A/A3 B87 :/.7<856280A3 31 C8:C6 3= 657; = ;0B/:/4/ 3 .62/ B85/ 06 <873 <64 A30;4/= / 98732/D
'B8 0A</:/ 8<; :/.7<856280A 3.=675; = ;0B/:/4/ 3 .62/^
'8 0; M898<3 %A</:/A6153@ B853 0; ./ </0 8</5 8C:/./4 E80A/<313 3 E8B:62;13 8<6 F:6B<624356@ 3.
7:;93H ;91/ 916730A/D #</ E:34/ :/.7<856280A3 3= 56 5/B8 78C:8 01;.31/@ ;E:/<8 .C89 B/80/ 3
;230A625/ B856 56 0A<8:31/D

>;0B/ <3C:/435/ 56 7801/ 2/ = 84 ; ./7253H _ [[[ 98732/D " / C3 E81/B8 0H</A313@ AB8 0; 823@ 823
0; 06 B8= E16A28 3 A8A/128 :/.7<85313 87 0<69/ 0A8 56 E:356 A89/ C318 2/ =843\ = /A:35/H/123 E8B:6A
3 .626D

G626 7561;5; A:/734382/128 B:8. E87:;45/ 32A;34356 3 80564/5/D >;0B/:43 0; A/B8756: C313 2803A6153
32A;34356 3 80564/5/@ 26C:85628 E;28 E;A/@ /13 ; 8<85 2/528<3585 :/.7<856280A3@ 823 ; 06C3 230;
;.613 80564/56D

"8018 56 78 89:8= 289 :/0B81/ 3 =;0B/:43 3 .626 2/8<85 E1/26A3 0; ;E/13 ; 89:8=/2 B82F13BAD
G/0A8 06 8<8 760318^
?/@ A8 56 C31/ ./= B/D ?80A/<15628 56 B/8 ./=B/ 87 M898</ %A</:/A615/ B853 0; E:6;.613 E1/26A 3
32</73:/13 8<; :6/1280A N A/B8 06 H:/2643@ 87:/./</5;43 06 2/ .3<8A;@ F;2B43823:/5;43 3
E:6H:/25;5;43 06C6 6=84382/123= B/808=@ E:6<3:/253=/ 3 = 6A6.6= D

#</5 E1/26A 56 <64 C38 E8A432562 0<3= = 89;43= <:0A/= / E1/28</ 3 /BA3<3A6A/@ 8:B60A:3:/23H 7/
C3 0A<8:313 43= <306 6=84382/1289 B/80/ 3 =6A6./D J3= 56 <306 15;73 32<81<3:/28 ; 8<6 /BA3<3A6A6@
A3= <643 56 3 E8A62435/1 6= 84382/1289 B/80/ 3 E:6<3:/25/D M898<3 %A</:/A6153 0; 323433:/13 8<6
/BA3<3A6A6 7/ C3 </= O0= 560A313P 7/ <3 :/73A6 56723 E:8A3< 7:;93HD

"/ C3 <3 :/.C313 8</5 030A6=@ B/8 0A8 3 56 </0 ./7/A/B@ <3 = 8:/A6 E:8= 5623A3 = 2896 :/.7</5/5;46
0A:;BA;:6 B856 0; E80A/<15626D M318 B/B</ 06E/:/435/ B85/ E80A853@ C318 A8 3.= 675; =;0B/:4/ 3
.626@ 4:24/ 313 C35614/@ #:3562A/14/ 3 L/<B/04/ N <3 A8 =8:/A6 E:8= 5623A3D

+3 0A6 B/8 41/2 #C3A6153 %<56A1/ 78013 2/ E1/26A; 0 2/= 56:8= 7/ E80A/<313 06C6 ; /:H6A3E3426
03A;/4356D L/8 0A8 0= 8 =3 :6B13@ <3 0A6 A8 ;:/7313@ 7/ C3 0H</A313 = /06 3 7/ C3 E:68C:/A313
UA:/20=;A3:/13Z 626:935; ./ 253H@ A/B8 7/ A; 626:935; B/8 E:<8 A:/20= ;A3:/A6 ; %(M&D *6728=
B/7 E80A3926A6 3.15646256 313 E8<6./280A@ <3 A8 E:6;.3= /A6 2/ 06C6 3 26 30435615;56A6 0/=8 06C6@
<3 30435615;56A6 +K%'Q 3 >-%#+$Q ?%&RQD

#7<853A6 06 87 </03H 13423H 7:/= / 3 0H</A3A6 B/B8 56 0<6 03= C813428D ?89167/5A6 06C6 B/8
.620B8 C346@ A:/9/5;43 ./ 0<853= 3762A3A6A8= 3 E:3=56A3A6 B/B8 06 4323 7/ </= =;0B3 3762A3A6A
B820A/2A28 0;E:8A0A/<15/D +3 =8:/A6 8AB:3A3 B/B8 7/ ;2;A/: 06C6 78<676A6 8<6 3762A3A6A6 56728
B/ 7:;98= D

L/7/ 06 8<8 0E/5/256 789873 ;2;A/: </0@ 828 46 06 /;A8= /A0B3 7/156 2/0A/<3A3 3 3.</2 </0D +/06
E;A8</256 E8 8<8= E1/26A; 0/7:.3 ; 06C3 3 ./7/A/B 7/ 30435613A6 78=32/435; =;0B89 2/7
.620B3= D +3 26 = 8:/A6 A8 0A8 :/73A6 3 0A8 </= 06 760/</ ;.6A3 808C28 3 2803A3 A8 B/8 A6:6A@ B/8
7/ 06 A346 13428 </0D '8 06 26 A346 13428 </0@ A8 56 ;23<6:./128D
%</AB8 87 </0 ; 06C3 2803 626:9356@ 7/ C3 3H :/.:356038 ; 0B18E; </069 B816BA3<289 30B;0A</D L/8
41/28<3 #C3A6153 %<56A1/@ <3@ %+-'L# 87 </0 3= /A6 0<856 :632B/:2/4350B6 C8= C824346 N 0A</:3
B856 </0 2/5<306 E6:0823F343:/5; 3 0A</:3 B856 <3 0= /A:/A6 0A3= ;13:/5;43= /D GC89 A89/ 0A6 <3 0<3
:/.1343A3D

L/8 41/2 #C3A6153 %<56A1/@ <3 06 =8:/A6 :/.9:/2/A3 313 :/.735613A3 7/ C3 0H</A313 0A8 A8 .2/43 C3A3
48<56BD +3 = 8:/A6 E:6B:3A3 B8=E16A/2 0E6BA/: 30B;0A/</@ A/B8 7/ =8.6A6 :/.;= 356A3 2/
0A/23428= 23<8; B813B8 = 8:/ C3A3 A:/20=;A3:/28@ B813B8 7;C8B8 376 A/5 80564/5 26=843 3
C60E8= 84280A3 3 B813B8 56 626:935/ M893256 3.9;C1562/ 3 0/B:3<62/ 87 0<560280A3 <:0A6D

%56A3A6 06@ <3 0A6 C34/ B85/ 0A6 F:6B<624350B3 ./7:./2/ ; </06= 2/E:6AB; 3 </0 ./7/A/B 56 7/
78<676A6 15;70B/ C34/ 2/ E8.3435; 9756 0; 823 C/1/203:/23 7/ = 89; %+*(%$# QMKG-'& 0<85;
6<81;435;D L/7 0A6 ./;0A/<15623 ; 6<81;4353 = /23E;1/4358= F:6B<624356 3 = /23E;1/4358= " $-@ A;
827/ E80A853 0/=8 5672/ F:6B<62435/ B85/ 06 = 8.6 87/0315/A3D '; 781/.3 78 C8:C6 0/ 0/= 3=
08C8= 3 0A</:3 06 4326 :/.7<8562356D
J3= <3 E80A/56A6 45618<3A353@ <3 <306 26 :/.7</5/A6 0A</:3 2/ A/B/< 2/432@ <3 <373A6 7/ 0; 0<6
0A</:3 0/=8 738 30B;0A</D $6B/7 06 <3 A813B8 3.9;C3A6 ; A8= 30B;0A<; C3</25/ 48<56B8= @ A/B8 7/
./C8:/<3A6 ./0A8 0A6 78013 8</=8D

L/8 41/2 #C3A6153 %<56A1/@ <3 0A6 78013 8</=8 7/ 06 A:/20= ;A3:/A6 ./ <:0A;D J3= 06 <3 <306 3 <306
87</5/A6 87 </03H 7:/= / 3 43= <306 E80A/56A6 6=843821/28 26<6./23@ <3 06 2646A6 <306 80564/A3
;H</4628 3 2646A6 06 <306 80564/A3 B/8 253H8<6 .:A<6D +3 46A6 :/.;=356A3 7/ <3 3= /A6 E801/ 0/
626:96A0B3= B816BA3<8= D '/B8 7/@ B816BA3<28 9167/5;43@ 43= 0E8.2/A6 A8 ; 06C3@ = 843 46A6
87/0315/A3 5672; 28<; <3C:/435;@ 0/ B858= 46 H/:= 823.3:/A3 3 .626 3 = ;0B/:43D

%</B3 E;A@ B/7 <3 80564/A6 7/ 0A6 2/E:/<313 E8= /B@ <3 3 560A6 2/E:/<313 E8= /BD $6= 85A6
8=/18</./</A3 B8:/B6 B856 0A6 E87;.613D +3 E826B/7 8=/18</./</A6 06C6@ B/7 E89167/A6 2/
</06 E82/0/256 3 80;75;56A6 06C6 3 7:;96 B/8 1806D ?89167/5A6 :/756 B/B8 <3 = 8.6A6 E:8F3A3:/A3
87 0<69/D

L82F13BA@ B853 E:6<1/7/</@ 56 ./E:/<8 B82F13BA 3.= 675; =;0B89 3 .620B89 ; </= /D +& 230A6 8AB:313
B/B8 7/ 0A8E3A6 = ;0B6 3 .620B6 735618<6 06C6 3 8B8 </0 0; = 313823 0/ 30A3= B82F13BA8= ;2;A/:
06C6DM;73A6 = 3180A3<3 3 <613B87;023 E:6=/ 06C3D
"8B <3 3.9:/75;56A6 B88E6:/435; 3.=675; </03H = ;0B3H 3 .620B3H 735618</ ;2;A/: 06C6@ <3 46A6
C3A3 ; 0A/25; 7/ :/.<356A6 B88E6:/4356 3 7/ :/73A6 56723 0 7:;93= / 2/ E1/26A3 3 B88E6:/4356 7/
:/73A6 0/ C343=/ B853 46 7843 3. 0<6=3:/@ B853 0; 0<3 735618<3 +-%D

+3 0<3 =8:/A6 E80A/A3 </0 <1/0A3A3 <1/7/:D "8B 06 <3 =5625/A6@ <3 A:6C/A6 56728 = 560A8 ./ 06C6 ;
B856= =8.6A6 75618</A3@ C6. 7/ 06 80564/A6 8C/<6.23 E:6= / 26B8= 7:;98= D Q 30A8 <:356= 6@ <3
26 = 8.6A6 A:/.3A3 260A8 87 26B89 7:;989@ C6. 7/ 256= ; 78.<813A6 7/ 3= / 30A8 E:/<8D +3
:676F323:/A6 2/ =2896 2/4326 435613 B8246EA <6./ 3 B88E6:/4356D +6./ 56 B88E6:/435/D '8 56
7898<8:62/ B88E6:/435/ F:6B6<62435/ 313 0A/E15/256 F:6B<624350B6 =87;1/4356D

>2893 87 </03H 0A/:3H 2/432/@ 2/ B856 0A6 06 8EH87313 56723 E:6=/ 7:;93=/ 46 E80A/A3 5/B8
3:3A/2A23 56: <3 8AB:3</A6 F:6B<62435; 018C876D +/0 ./7/A/B 56 7/ <;46A6 A; F:6B<62435; 018C876
2/ E1/26A;D $/:/<28@ <3 46A6 56 E:<8 <;43 ; </0 <1/0A3A3 .3<8A@ ; 8C3A615 3 </06 <6.6D &76/128@ <3
46A6 2/;43A3 B/B8 7/ C;76A6 018C8723@ / 3E/B <6./23 ; <613B8= C:85; <6./@ :61/435/@ B82A/B/A/ 3
E8.2/20A/</ ; .3<8A;D

$/ 260:64;@ 2/ 8<8= E1/26A;@ 5672/ <6./ E87:/.;= 356</ <1/0230A<8D L/7 06 =;0B/:/4 3 .62/
<5624/5;@ =1/762B32 8A/4 7/56 A:/734382/128 = 1/762B;D " :;93= :35643=/@ A/ = ;0B/ F39;:/ = 8:/
OE:67/A3P B46:D L87 </0 E80A856 26<56:8</A28 E;28 846B3</25/ 2/ 8289 7:;989@ B/B8 7/ 06
E82/0/ ;2;A/: A6 <6.6D

K/.5/023A6 0/=3 06C3 0A8 <3 ./E:/<8 0= /A:/A6 E87 O<6.8= P 3 A8 46 81/B0/A3 2/ 7;96 0A/.6
=2896 0A</:3D L/8 0A8 26 E80A853 <1/0230A<8 ; :873A6150A<;@ A/B8 26 E80A853 23A3 <1/0230A<8 ;
567285 <6.3D +3 0A853A6 56728 0 7:;93= ; <6.3@ B/7 <3 :/.=5625;56A6 626:935; 2/E:3567 3 2/A:/9D
&76/128@ ; 0<3= A3= <6./= / 3 :61/435/= / E80A853 B8= ;23B/435/D
>;0B/ <3C:/435/ 56 E:67/1/ 0<85; =84@ ;E:/<8 B/8 3 .620B/D #23 56 E:67/5; <1/7/=/ B856 B/.;\
OR65@ 873 3 ;9:8.3 0<85 .3<8Aa #73 3 C8:3 06 ./ 2/0 3 E;4/5 ./ 2/0a -B8 C;760 :/2562@ =3 46=8 06
=/18 E8C:32;A ./ A6C6 ; C812343 3 7/Au 46= 8 A3 260A8 = /18 28<4/D >/ 0A8 3= / <6.6@ 0/= 8 A3
t/576aP@ 3 =;0B/:43 A8 01;0/5;D '/5 1/2/4 E801;0280A3 3 E:67/</25/ =843 56726 3273<37;6 56 A/B8
B8= E16A/2D

+3 8A</:/A6 </06 80564/526 462A:6D >;0B/:43 A6.6 A8=6 7/ 3=/5; <646 C18B8<6 ; 253H8<3=
80564/523= 462A:3= / 2698 .626D (26:935/ 56 ; =;0B/:4; 567280A/<28 ./91/<1562/@ 56: 06
B:6A/1/ 87 E:<6 4H/B:6@ B/ 7:;985 3 A; 56 0A/1/D #0564/523 462A/: ; =;0B85 <3C:/4353 2356
/BA3<3:/2D #<8 56 738 6B0E6:3=62A/ B856 06 760/</ <64 ./7253H g[[[ 313 _[[[ 98732/D G620B/
626:935/@ B85/ 80564/ 3 782803 .3<8A 2/ E1/26A; 3 :6E:6.62A3:/ B:6/A3<280A 06 E:6= 560A31/ ;
E87:67562; E8.3435;@ 7/ C3 =;0B/ <3C:/435/ 3= /1/ = 89;4280A 7/ <873 0<356A C6. 80564/5/D

>3 .613= 8 7/ <3 78C356A6 =/18 03:; 013B;D >3 E:8=/A:/= 8 B:6A/256 0<560280A3D G620B/ 0<560280A@
B85/ 56 2803A615 =/9356 3 32A;3A3<280A3@ 018.31/ 06 7/ E:67/ A8 .2/46256 .620A<6280A3@ 26 0/= 8
.620A<6280A3 N F3.34B3@ 2698 0<560280A3 8 A8= 6 AB8 0; .626D >2896 ;:8756234B6 B;1A;:6 B856 0;
.3<5616 2/ G6= 153 3 B856 0; .2/16 0A</:3 8 .3<8A; 0; C316 <:18 O.620B6PD

%56A3A6 06@ .62/ 78<873 13A6:/:28 .3<8A 2/ E1/26A;@ 56: .3<8A 781/.3 3. .620B89 A3561/D G62/ 2803
0A89/ 80564/56@ 56: 26 =8.6 06 2/ E1/26A; 782803A3 .3<8A 3 26 80564/A3 230A/@ 803= /B8 06 26
E:315;43A6 E/A:35/:H/128= E8B:6A; B853 B:63:/ 7:896 7/ </0 8= /=15;5; 3 8A;E15;5; 2/ 80564/56D
-B8 <3 26 80564/A6 .3<8A@ <3 26 435623A6 .3<8AD -B8 <3 80564/A6 .3<8A 3 0;7561;56A6 ; B:6/4353 3
78280625; .3<8A/@ <3 <306 435623A6 .3<8A@ 56: <3 .2/A6 260A8 8 256= ;D

?/A:35/:H/123 E8B:6A 56 06C6 ; ./7253H _[[[ 98732/ 87=/B2;8 87 E:8460/ E8:/75/25/@ A/B8 7/
06 56 =89/8 E80<6A3A3 6B0E6:3= 62A3:/25; 0/ :/A8<3= / 3 B820A/2A28= ;230A/</25; 48<564/20A</D
(26:935/ 56 2/= 56:28 C18B3:/2/ ; =;0B/:4;D L/8 0A8 0=8 = 3 :6B13@ =;0B/ 626:935/ 56 <:18
./91/<31/D >3 26 E8B/.;56=8 0 E:0A8= 23 2/ B89/D -13 = 3 B/.6= 8@ 7/ 56 9626:/128 9167/5;43
626:935/ =;0B89 :87/ 2/ E1/26A3 <:18 ./91/<1562/ ; E87:;45; 7:;96 4H/B:6 ! ; 9623A/128=
E87:;45;D

G626@ <3 0A6 ./91/<15626 ; E87:;45; <:/A/@ 56: <3 0A6 06 018.316 E:356 g[[[ 313 _[[[ 98732/ 7/
./0;A3A6 8 = /9353 3 32A;34353 3 8 A8= 6 0A8 0A6 <3 :6E:6.62A3:/16 3 .2/16 8 A8= 6 B/8 567/2 738
OC13./20B6 </A:6PD U Ae32 F1/=6Z

'/ OC13./20B/ </A:/P 56 O=;0B8P 3 O.620B8P B856 69.30A3:/ ; *("$#> A3561;@ C6. 8C.3:/ 560A6 13 <3
=;0B/:/4 313 .62/D

?/A:35/:H/128 7:;0A<8 56 C318 <875628 87 = ;0B89 /0E6BA/ O%6C0A</P U061FZ@ B856 0A6 <3 0<3 C313D
+3 0A6 0<3 6B0E6:3= 62A3:/13 0/ 0<560280A3 3 ;4313 0/=3 06C6 8 A8= 6 0A8 ./ </0 2/5C8156
F;2B43823:/@ B/8 E:3E:6=; ./ 8<8 <:356=6@ B/7 46 06 A/5 E1/=62 NiOC13./20B/ </A:/P :/.C;BA/A3
; </06= A3561;D

Q 8<8 <:356=6@ C13./20B/ </A:/ 2356 A:/.62/ B/8 E/:A26: 3.</2 </0@ 2698 <3 =8:/A6 0H</A3A3 7/
=8:/ 7843 78 32A69:/4356 </069 = ;0B89 3 </069 .620B89 73561/ 06C6 ; </= / 0/= 3= / 3 B/8
.:6180A 0<69/ 8289/ 0A8 0A6 <3 78 0/7/ ;:/7313D

$/B82 0A8 0A6 32A69:3:/13 = ;0B6 3 .620B6 735618<6 ;2;A/: 06C6 3 /BA3<3:/13 </0; <1/0A3A; C13./20B;
</A:;@ 827/ B/7 <3 C;76A6 A:/.313 E/:A26:/@ <3 46A6 A:/.3A3 26B89 B8 56 L#>?)('-$@ 26 0/=8
26B89 B853 C3 ; </= / 30E;238 E8A:6C; 3 = /25/B B856 <3 78 0/7/ 230A6 0E8.2/13@ 230A6 0/= 3 06C3
E:3.2/13 3 230A6 %->& %(M& 30E;2313D

'8B8= 8<3H E6:387/ E:8= 562/@ .626 46 =8:/A3 7/ 8A<8:6 253H8</ 9:1/ 3 7/ 7/5; 06C3 78.<813 7/
98<8:6D - = ;0B/:43@ </0 3./.8< ; :/.;= 356</25; .62/ 3 7:;93H = ;0B/:/4/ 56 7/ E8426A6 7/
80564/A6 3 7/ 78.<813A6 3 32A69:3:/A6 </06 80564/56 ; 06B0;/1280A3 ; </03= <6./=/D

>2893 = ;0B/:43 0/7/ 3= /5; A60B84/ 0/ .62/=/D G626 3.1;75;5; =;0B/:46D '8 56 30A32/D

#28 0A8 </= =3 0;96:3:/= 8 N ./ = ;0B; <3C:/435;@ / A/B8756: 3 ./ .620B; B85/ :/73 2/ =;0B8=
/0E6BA; 06C6 56 7/ 06 <3 A:6C/A6 OE8=/B2;A3 ; 80564/5P 78B 735613A6 </0; 06B0;/1280AD
?8=/B23A6 06 ; 6=84382/1280A 0A</:3@ :/7356 2698 7/ 78.3<15/</A6 =6H/234B; 06B0;/1280A 3
0A3= ;1/435; F3.34B89 A3561/D
?80A853 3 6=84382/12/ 0A3= ;1/435/ B8585 A:6C/ 6= 84382/12/ E:67/280A 3 6= 84382/128 E8<56:6256D
(16BA:8= /926A0B3 9167/5;43@ 8</B/</ 6=84382/12/ 0A3= ;1/435/ 46 ; </=/ 8A<8:3A3 5672;
F:6B<62435;D #</ F:6B<62435/@ B85; :6E:6.62A3:/ 06B0;/1280A </0 E870564/ 2/ </06 C8./20B8
E8:356B18D

>;0B/:43 0; ./A<8:313 253H8< 80564/523 462A/:@ 7/ C3 30B;0313 <1/7/256 2/ E1/26A3D >;0B/:/4 56 C38
; 0A/25; 7/ ./E8426 :/A 3 7/ ;C35/ 3 7/ 78= 323:/ 2/ E1/26A3@ 56: 56 82 ./A<8:38 0<85 80564/523
462A/:D G62/ 06 018.31/ 7/ ./A<8:3 0<85 462A/: ./ 98<8:@ A/B8 7/ C3 = ;0B/:/4 3= /8 E:313B; 7/
30B;03 B/B8 56 C3A3 8798<8:/2 ./ 567/2 030A6=D

%<6 8<8 781/.3 0/7/ 78 56726 A84B6 0A/C313./4356 3 3.5672/4/</25/D G62/ 56 E8461/ 8A</:/A3 0<856
9:18 E:356 26B3H c[ 98732/ 3 E8461/ 56 B8:30A3 E:313B; 7/ 98<8:3 B/7 56 A8 O78018 ; =87;PD
?:8C16= 56 7/ 0; = 2896 .626 ./<:0316 A/B8 0A8 0; ./A<8:316 253H8<6 80564/526 462A:6@ 43= 0;
8A<8:316 253H8<6 462A:6 ./ 98<8:D '/B8 0; E80A/16 30A6 B/8 3 = ;0B/:43D -13@ E8A:6C/2 56 C/1/20D

%/7/ .62/ 80564/ E8A:6C; 7/ E:8C;73 .620B3 E:3243E ; 06C3D #2/ 56 ; .620B8= A3561; 3 8<1/7/1/
56 B8:30A6256= = ;0B6 <3C:/4356 ; 06C3D #2/ 56 8A301/ ; 0<356A 3 80564/ 06 = 8428D #2/ = 8.6
06A/A3 E8 ;134/=/@ C6. <61/ 2/ 25628= 134;@ 82/ =8.6 871;43A3 7/ 13 06 .613 313 26 .613 <5624/A3D
#2/ 56 25628 <1/0A3A8 <1/0230A<8D #2/ 56 ; 8<85 .6= 153 8798<8:2/ ./ 25626 <1/0A3A6 871;B6D #2/
56 E8461/ 7/ 06 O8=6B0/</P 3 7/ C;73 82/5 738 06C6 B853 56 H:/23 3 B853 585 782803 .3<8AD "8B
;E8AE;25/</ 06C6 0/ 0<853= = ;0B3= 3 .620B3= 735618<3=/ 06C6 3 B/7 78.<815/</ 06C3 7/ 30B;03
6<81;3:/25; "$-@ 82/ 87/03156 8<; F:6B<62435;D #</ F:6B<64235/ 46 2/ E1/26A3 E80A/A3
78=323:/5;4/D

$68EH8728 56 E8A:6C28 7/ =;0B/:43 8A<8:6 253H8<6 80564/526 462A:6D '8 56 013567643 B8:/B B:8.
B853 =;0B/:43 =8:/5; E:843 7/ C3 ;0E80A/<313 C/1/20 0/ .62/= /D #<8 46 06 ./ =;0B/:46 7603A3
5/B8 C:.8D #<8 2646 C3A3 c[898730253 E:8460@ 56: = ;0B/:43 06 0/7/ ; 8<8 <:356=6 ; 253H8<85
E8E;1/4353 B:64; B/ 918C/1285 .C;256280A3D >;0B/:43 0H</4/5; 7/ 06 253= / 26 0<375/ 828 0A8 06
760/</ ; 0<356A; 3 823 78<876 /;A8:3A6A6 ; E3A/256D

Q 567285 A8443@ 8<6 F:6B<624356 46 E80A/A3 78= 323:/5;46D #27/@ 2/ E:3= 56:@ 46 06 7603A3 7/ 567/2
=;0B/:/4 6B0E6:3= 62A3:/ 2/ .3<8A325/= / ; 1/C8:/A8:35; 3 7/ 06 25698< 80564/523 462A/:
A:62;A28 3 B8= E16A28 8A<8:3D #2 46 8056A3A3 0<; C81 B85; 80564/ A/ .3<8A325/ 3 0<6 828 0A8 56 82
:/738 E80A/56 87<:/A/2 3.<8: 9/75625/ 3 92;0/25/D #2 46 06 8B:62;A 3 3./43 3. 1/C8:/A8:35/ 3 <306
06 23B/7 2646 <:/A3A3@ 56: 46 C3A3 E8A:6062D #<8 46 06 7603A3 = ;0B85 <3C:/4353D > 3 0= 8 :6B13 7/ 46
06 =;0B/ <3C:/435/ A:/20F8:=3:/A3 ; <:18 B:/AB8= <:6= 620B8= E6:387;D

>3 </= 2646= 8 :643 ./0A8 3 B/B8@ 56: 46 26B3 87 </0 A8 0=/A:/A3 0A:/H8<3A3= D ?/ 3E/B@ =3 46=8
:643 7/ 43= </18<3 2/0A/<6 781/.3A3@ 7843 46 78 26./;0A/<153<89 567280A:/289 :/0A/ 0<3560A3 ;
E8E;1/4353D Q 56728= 87:675628= = 8= 62A; 46 = ;0B/:43 C3A3 ; 2/5.60485 C3A43 7/ <1/7/5; 0<853=
80564/53= /@ 56: 80564/523 462A/: 46 C3A3 /BA3<3:/2D '8 46 06 7603A3 313 E81/B8 313 46 06 8A<8:3A
6B0E18.3<28 ; 56728= A:62;D

G626 46 ; 30A8 <:356=6 C3A3 E89875626 8A</:/256= 253H8<6 0:4/26 4H/B:6@ A/B8 7/ =89;
0;80564/A3 0/ = ;0B/:43=/@ B/7 <376 7/ 253H8<3 = ;0B/:43 80564/5;D > & 8<756 98<8:3=8 8
=/08<23= 789/75/53= / 323433:/23H </18<3= / %<56A1/ B853 46 /BA3<3:/A3 15;76D

G620B/ 626:935/ B85/ 80564/ 3 E8<6.;56 .3<8A 0/ .3<8A8= 06 C;73 ; 0<3= /D G626 = 8:/5;
:676F323:/A3 253H8<6 37656 8 .620A<6280A3 3 02/.3D #26 =8:/5; 8AB:3A3 B/B8 56 A8 C3A3 5/B B/8 .62/@
B/8 0A8 = ;0B/:43 = 8:/5; 8AB:3A3 B/B8 56 C3A3 :/253< B/8 = ;0B/:/4D L853 56 /0E6BA = ;0B/:4/
;=315/A B/7 56 82 :/253<^ L853 56 /0E6BA .626 ;=315/A B/7 56 82/ 802/.62/ 87 0/=6 06C6@ B/7
56 82/ .620B/ <6:.35/ 02/96 3 = 843@ / 26 = ;0B/ <6:.35/D

G626 0; 280316 8B8 0<853H 626:96A0B3H E815/ A<:73 8B18E@ 826 0; 06 A3= 6 0A3A316D %/7/@ 826 46
:/.<3A3 30A320B; 6= 84382/12; 02/9;D '<:73 </250B3 8B1E 46 260A/A3@ / 0<56A18028 A35618 46 .:/43A3 3.
0:4/D M893256 3 M898<3 06 01/.; 3 :/76 0/ A8= 626:9358=D G/B15;4628 56 7/ 06 7:/=/ :/.<536 2/
8</5 2/432D

%A/:6 E:346 0; ./B8E/26 3 ./A:E/26@ E:346 8 = /9353 .620B89@ 0A<:/1/4B89@ 8289/ 0A8 56 ; 0A/25;
7/ E8:/75/@ 8289 0A8 56 ; 0A/25; 7/ 7:.3 ; 06C3 =30A6:35; B:<3 N .3<8A26 02/96 N 3 826 B856 56 ;
0A/25; 7/ A/5 .3<8A 782606 2/A:/9 2/ G6= 15;D ,756 0; E:346 8 M893253 ! 8285 B85/ <813@ 80564/ 3
H:/23^ >;0B/ E8E;1/435/ 56 A/B8756: 3=/1/ ; 06C3 626:935; M893256 3 3=/1/ 56 E8A6C; ./ 258= D

"/ C3 06 </0; E1/26A; ; ./7253H 26B813B8 A30;4/ 98732/ C8156 B82A:813:/18@ </= / 0; 7/23 0<3
=89;43 = 3A8<3 8 </2.6=/1543= /D #23 0; 8028</13 0<6 </06 :6139350B6 320A3A;4356D
>3 0= 8 </= :6B13 7/ 0A6 <3 567/2 6B0E6:3= 62AD Q 87:67562/ <:6= 62/@ 6B0E6:3= 62A 56 C38
;73.;4 3 E;2 15;C/<3@ /13 ; 267/<23= <:6= 623= / A/5 6B0E6:3= 62A 06 E:68C:/A38 ; 26<56:85/A/2
A:;16.D

+&@ B/8 41/28<3 #C3A6153 %<56A1/@ <3 0A6 78013 7/ C3 E828<8 32</73:/13 8</5 E1/26A 3 E828<8 78<;B13
0<56A180A 2/ E1/26A;@ A/B8 7/ ; 8<; 91;E80A 87 06E/:/4356 3 :/A/ <306 23B/7/ 26 C;76 C318
<56:8</28D
>;0B/:/4 3 .62/ 0; C313 B:63:/23 7/ 56728 7:;98 2/78E;25;5;@ / 26 7/ 0A856 56728 7:;98=
2/0;E:8AD

%56A3A6 06\ 80564/5 56 6=8435/D(= 8435/ 56 L)*QJ 7/ 876A6 0/ 8<89 E1/26A/@ (>#J&*- *( L)*QJ
7/ 8AB:356A6 </06 =;1A373= 62.382/126 735618<6 06C6@ 7/ 3H 30435613A6 3 7/ E80A/26A6 56728D

(=8435/ 56 B15;4 ./ /BA3<3:/256 G6= 156 B/8 .3<;46 M3C138A6B6@ B:8. 0A8 46 C3A3 /BA3<3:/28 3 87
;230A625/ 0/4;</28 56728 <:356728 E87:;456 69.30A624356D %/ = ;0B/:43=/ 3 E/:A:35/:H/123=
7:;0A<8= 2/ 461; 8798<8:280A3 ./ 8<; E1/26A; 3 0/ .62/= / ; E87.6= 15;@ 4/B 23A3 ; ./1675;@
06E/:/435/ 56 C31/ 91/<2/ A6=/ 3 80564/53 0; 567280A/<28 C313 C/4623 2/ 0A:/2;@ C313 0; 8.2/4623
B/8 1803 3 230; C313 E8.61523D +3 0A6 E80A/13 /;A8=/A3@ B853 0; 39:/13 826 ;1896 B856 0; </= 7/26
7/ C3 </0 7:./18 87<85623= /D

'/B8 7/ <3 26= /A6 23B/B<; B816B435; 02/.23H 3 = 8423H .62/ 7/ 06 2/ 253H ;9167/A6D +& 26=/A6
230A/ ; 0=301; E:3= 56:/ B853 </= =8.6 01;.3A3 B/8 ;.8: 02/.26 3 =8426 .620A<6280A3D '/B8 7/
=;0B/:43 A6.6 7/ C;7; = ;.6<23@ / .626 A6.6 A8=6 7/ 06 802/.6 3 8E;28=846 B:8. 5672;
=;0B; <3C:/435;@ 56: <3 26=/A6 23B/B<; 5/02; 013B; 56726 02/.26 3 =8426 .626D

-)&@ <3 03 = 8:/A6 0/= 3 0A<8:3A3 A/B<; 013B;D ?8423A6 A/B8 0A8 46A6 0H</A3A3 C89/A0A<8 626:9356
B85; .620B/ <6:.35/ 06C6 3= /@ B85; 32A;3435;@ E:356=4153<80A@ B:6/A3<280A@ 0;80564/256 3
E:6H:/253</256D +3 ;E:/<8 8AB:3</A6 B856 56 A; C89/A0A<8 3762A3A6A/ E:30;A28@ B856 56 7;98
<:6=62/ C318 730B:673A3:/28D -B8 0A6 <3 .62/@ <3 0A6 .3<;4/ F8:= / 8<6 60624356D >;0B/:43
=8:/5; A6B 8AB:3A3 253H8<3 F8:= ; M893256 ;2A/: 253H 0/= 3H@ 9756 M89325/ ;2;A/: 253H 0;0:646
M89/D
&. 30A89 :/.189/ 56 3 E89167 2/ = ;0B80A E8:6= 6462D +& 567280A/<28 26= /A6 E:3= 56:/ 567289
5/B89@ 02/.289@ / 80564/5;469 = ;0B/:/4/D ":;0A<8 56 8C3156.318 = ;0B/:46 B853 80564/5; B/8
01/C346D -13@ 0/7/@ = ;0B/:43 E84325; E:8= /A:/A3 253H8<6 6= 84356 3 98<8:3A3\ OR65@ 5/ 8<8
80564/= P 3 .2/5; 7/ 0; 823 3 7/156 =;0B/:43D '/B8 7/ =;0B/:43 3 .626 8C856 0A</:/5; 253H8<6
;.8:6 ./ 02/9; 3 = 84 3 32A69:3:/26 <6:.356 =;.6<280A3 3 .620A<6280A3D #<3 = 87613 781/.6 0/7/ 3
823 781/.6 5/B8 C:.8D +:356=6 :/.7<856280A3 56 98A8<8D

L/8 0A8 0= 8 </= = 3 :6B13@ <3 26 A:/.3A6 3.</2 06C6 E/:A26:/ </06 C13./20B6 </A:6D #28 0A8 <3
A:/.3A6 56 32A69:/435/ .620B6 3 =;0B6 60624356 ;2;A/: </0 0/= 3HD #<6 7<356 60624356 4326 5672;
456132;D

J35613 15;73 A6.6 A8= 6 7/ 06 E8<6.; 0/ 7:;93= 435613= 15;73=/ ; <6./=/ B856 0; C/.3:/26 2/
E8<56:625;@ .;7253 3 3.C8:;D +6.6 230; <306 C/.3:/26 2/\ S ':6C/= A6 ; =8= .3<8A; 7/ = 6
;E8AE;230 3 7/ =3 7/0 <:3567280AD T
+3 E80A/56A6 B8=E16A23 ; 06C3 0/=3=/ 3 :/73A6 0 26B3= 7:;93= AB8 56 A/B8756: B8= E16A/2 ; 06C3
3 AB8 2;73 7/ 8AB:356A6 567/2 B8=E16A28 28<3 A6:3A8:35 ./ 30A:/.3</25/D

L/7 <3 ; 06C3 0E853A6 A/ 7</ E1/=62/@ <3 E:6E8.2/5A6 32A;3A3<23@ 062.3A3<23 738 M893256 ; </=/
B853 782803 .3<8A@ B/8 0A8 E:6E8.2/56A6 3 738 B853 56 02/./2@ =84/2@ :/4382/1/2 3 32A616BA;/1/2D
*67/2 738 B853 56 5/B8 E:3.6=1562@ / 567/2 B853 56 5/B8 0E3:3A;/1/2D

L/7 <3 0A8E3A6 A6 626:9356 ./56728 ; 06C3 0/= 3= /@ ./ </0 46 C3A3 87 E:3= /:26 </.280A3 7/
2/756A6 26B89 AB8 ; 06C3 3=/ 30A6 B</13A6A6D +/= / 56720A/<28 2646 8798</:/A3 26AB8 B8 2356
32A69:3:/2 3 43A/<D

+3 46A6 /;A8=/A0B3 06C3 E:3<;43 15;76 B853 0; 45618<3A3 3 A8 46 06 760/</A3 C6. E8 =;B6D

+3 46A6 C3A3 ; 0A/25; 7/ 06 E8<6.6A6 3 O./B/43A6P 56728 ./ 7:;98 3. .;7256 3 3. E:6E8.2/</25/@ /

26 3. 2;.76D

+3 46A6 780A343 260A8 2/ 0A8 230A6 78 0/7/ 23B/7/ 23 E8= 3015/13 ; 23A3 562785 <6.3 E:356 A89/ 3 <3
46A6 </085 <6.3 7/A3 5672; 0/0<3= 28< 8C:/.@ 5672; E8<6./280A@ 5672; A8A/128 28<; 76F323435;D
+3 46A6 E80A/A3 </0 <1/0A3A3 ;.8: ./ 8<; 28<; <:0A; <6.6D
>2893 87 </0 46 8AB:3A3 7/ 56 320A3A;4356 C:/B/ C6.2/4/52/D *67280A/<28 2646 8798</:/A3 828= 6
0A8 <3 .2/A6 3 828=6 B/B8 <3 .613A6 7/ .3<3A6

M;7;43 7/ 06 <3 0<3 2/1/.3A6 2/ E;A; 7/ 32A69:3:/A6 </06 E81/:3A6A6@ 7843 46 ;<356B 2/28<8 78
E8A60B84/ 3 78 A60B3H A6= /D "8C:8 78013 ; A60B/ <:6= 62/@ 56: 82/ = 89; C3A3 </0 2/5<643 ;43A615D
#0A/23A6 F8B;03:/23 2/ </0 <1/0A3A3 :/.<85@ </0 E;A 3 </0 0/= 3H@ / 26 2/ A8 0A8 7:;93 :/76D

?8.8<3A6 </06 ;2;A:/256 3 =;0B8 3 .620B8 3 E8423A6 735/189 3.=675; 253H@ A/B8 7/ 823 = 89;
:/73A3 ; E/:A26:0A<; 3 H/:=82353D "/5A6 0/=3 06C3 5/B8 E;28 15;C/<3 3 8H:/C:625/D
"898<8:3A6 0/0A/2/B 0/=3 0/ 08C8= 3 :643A6 03 \ OR65@ <813=@ A6D '3 03 E:6B:/0/2@ A3 03 E:673</2@
A3 03 567280A/<28 C:85 V@ A3 03 2/5C8153 2/ 0<356A;aP

L/7 <3 0/=3 06C3 ;B/.6A6 4/0A 7/ 0A6 780A8523 3 7/ ./01;.;56A6 </0; <1/0A3A; 15;C/<@ B/8 7/ 0A6
26B3 B:/15 313 B:/1534/ B856= 06 30B/.;5; 2/5<306 E84/0A3@ A/7/ 06 %+( >*($*-D

%2/9/ 3 32A69:/435/ E80A/5; </03@ 56: <3 +*(KQ*('( Q %(M( 3 +& +#)&'( '# 'L# %'( +&D

L-" +& ?#J$ ('( 7/ +*(KQ*('( Q %(M( 3 7/ +#)&'( %(M(@ 0<6 06 >*($ *-@ 0<6 E843= / 343
82/B8 B/B8 <3 A8 .613A6D

$/5A6.6 ./ 2/5<643 C:85 </0 56 7/ E8426A6 <56:8</A3 7/ <3 ./01;.;56A6 15;C/< 3 7/ 06 E80<6A3A6
A8= 6 7/ A8 E8426A6 <56:8</A3 3 E:/BA343:/A3D
$3AB8 7:;93 </0 23B/7/ 26 = 8:/ <8156A3D +& 230A6 8<756 7/ C3 3013 ;2/8B818 3 0B;E15/13 15;C/< 87
7:;93H 15;73@ A6 7/ C3 A/B8 ;<56:313 06C6 7/ 0A6 <3 A89/ <:356723D

+& %'( #+"*( 7/ <3 8<1/7/13 56723= 5/B8 A60B3= ./7/AB8= ; 56728= A/= 28= 030A6=; B853 </=
7/56 5/B8 = /18 0A3=;1/4356 3 5/B8 = /18 32F8:=/435/ 8 A8= 6 B/B8 0A</:3 .C315/ 0A856 3 8 0A</:285
30A323D

+3 0A6 A; 7/ ;:/73A6 26= 89;46D

-B8 06 E80<6A3A6 A8=6 7/ <813A6 0/=3 06C6 3 /B8 0A/<3A6 8<; E80<6A; 2/ E:<8 =560A8 87 469/
46A6 E846A3 0</B3 7/2@ 0<6 80A/18 06 760/</ 0/= 8 E8 06C3D

+3 E80A/56A6 435613 3 B8= E16A23D #27/ 0A6 0E:6= 23 ./ 5672; 7;C8B; <6.; 0/ 26B3= 7:;93= AB8 56
A/B8756: 45618<3A 3 B8= E16A/2@ / A/ </0 <6./ =8.6 87<60A3 ; 2630A:/.62/ E87:;45/D

4(%5-657& :: !i%6B0;/1280A !i>80A B/ +303= $3<83= / %<560280A3

L/7 56 </0/ M3C138A6B/ C31/ ;230A62/ 3 :/.C/4/2/ 3 "$- :/0A:9/2/ A/B8 7/ 0; 80A/1/ 0/= 8 7</
1/24/ 0/ <68=/ = /18 32F8:=/435/ 3 = 6=8:356@ 06B0;/1280A 56 80A/<1562/ 26A/B2;A/ ; F3.34B8=
A3561;D

'8 56 ./7:./28 B/8 F8:= / :6E:87;B4356@ 2/:/<28 3 B/8 F8:=/ ./ C34/ 7/ 80A/2; ; B82A/BA; 0/
0<858= 60624358= 3 7/ 06 =/23F60A3:/5; ; .3<8AD ";C8B; ; = 6H/23.=; 06B0;/1280A3 56
F:6B<62435/ B85/ = 8.6 7/ 06 780A3926@ F:6B<62435/ ./ B858= .;76 3 B85/ 56 E89:6028
32A6:E:6A3:/2/ 87 =2893H 15;73D '8 06 .8<6 8:9/./=D

#:9/./= 56 3.9;C38 0<85; 8:3932/12; 0<:H;D +/06 A35618 56 ./C8:/<318 B80= 34B3 8:9/./= ./ B853
56 C318 0E808C28 ./A8 0A8 56 </0 7:;0A<8 ;4318 H315/7; 3 H315/7; 98732/ B/B8 56 06B0;/1280A 180/D
+3 0A6 C313 ;4623 8<8 7/ C3 C313 B82A:813:/23 3 7/ C3 </0 826=89;4313 7/ A:/.3A6 018C87; B:8.
06B0;/1280AD %6B0;/1280A </0 B826BA;56 0/ F:6B<624358= 6B0A/.6 B85/ </0 B826BA;56 0/
M8./20B3= 3.<8:8= 3 32F8:=/435/=/D

%6B0;/1280A3 56 7/A8 1806 3= 6 2/ 8<85 E1/26A3 3 A8 1806 3=6 56 0/4;</28 ; </085 0A/234285
=6=8:353D '8 2356 0/= 8 3. 8<89 .3<8A/@ A8 56 3. H315/7/= / 98732/ </:/25/ 3 E89:60289
32A6:E:6A3:/25/D+68= / 56 </.28 7/ 06 8430A3A6 87 269/A3<26 E:670A/<6 8 06B0;/1280A3@ / 30A8
A/B8 7/ 30B;03A6 3 30E:8C/A6 B/B8 30B8:30A3A3 06B0;/12; 626:935; 3 06B0;/128 3.:/./</256 ; </085
<30673=62.382/1285 E:3:873D

%6B0;/123 735618<3 A3561/ 0; /<62356 ./78<8150A</ B853 B:63:/5; F:6B<624356 B856 0A3= ;130; 3 135646
A35618 3 E8A62435/128 <876 78 0E8.2/56 0<89 <3069 0E3:3A;/1289 73561/D %6B0;/1280A 56 E89:6028
0H</462/ 2/ 8<85 E1/26A3@ B/7 06 :/.=5623 3.= 675; 7<356 808C6@ <68= / :356AB8 56 2/= 56:/ 7/
06 0/ A3= B826BA;56 0E3:3A;/1280AD %6B0;/1280A E873.6 0E3:3A;/1280A B85/ 56 018C872/ 3 B85/ <373
06C6 B/8 B:6/A8:/D >/7/@ <68= / :356AB8 56 06B0;/1280A ;E8A:6C15/</2/ B/8 =80A 7/ </0
87<676 78 <3069 23<8/ 0<560280A3D

>3 0= 8 E:34/13 0/ <613B3= C:856= 3273<37;/ B853 0; ;235616 0<56A180A ; 0<85 .3<8AD $/B82
2/1/.625/ 8798</:/5;469 E/:A26:/ ; = 8289/=285 03A;/4353@ 823 0; C313 ; 0A/25; 7/ 780A392;
<68= / <308B6 0A;E256<6 E80A85/25/D > 8289/=35/ 56 ; <64323 01;4/56</ 2/5C8156 ./ </0 .C89
</03H <3C:/435/D L/7 3=/A6 = 2898 E/:A26:/@ <3 2/93256A6 7/ C;76A6 =/256 30B:623 3 7/ 0B:3</A6
B8 0A6@ <3 75613A6 =/18 A/= 8@ =/18 8</=8 3 0<;7/ :/03E/A6 0<856 056=6D $/5C8156 56 C3A3 0/
56728= 808C8= @ /13 A8 26 .2/43 0/ 30A8= 808C8= ./;<356BD M;73A6 <56:23 3 8A<8:623 3 75613A6 0/
808C8= 0/ B858= 0A6 3 373A6 2/57/156 0A8 =8.6A6 0/ 258=D -B8 A8 C;76 438 .3<8A 827/ 56 A8
73<28D -B8 26 C;76 3 /B8 78756A6 ; 03A;/435; B/7/ <306 26 B8=;2343:/A6 3 01;.3A6 56728 7:;98=
313 80564/A6 7/ <6./ 2646 = 843 7/ 80A</:3 E8=/B@ E:6B32;A6 A; <6.; 3 2/753A6 E/:A26:/ B853 46
8798</:/A3 </085 <3C:/4353D
L/7/ 0A6 ; <6.3 O567/2 E:6= / 567/2P@ <3 827/ F8:= 3:/A6 E8<56:6256D +6432/ </0 3= / A60B84;
<56:8</25/ 06C3 ./A8 0A8 26=/A6 ; 06C3 ;.8: ./ <56:8</256D +3 =8.6A6 7/ 2/;43A6 7/ <56:;56A6
; <6.3@ ./A8 0A8 <6./ 7561;56 B/8 89167/18 </0 E8B/.;5;43 </= 0A8 <3 26 = 8.6A6 <3756A3 0/
</069 0A/28<30A/D '8 46 </= E8B/./A3 </06 ;2;A/:25/ 5/ B:8. </06 0E815/0256 5/ 313 75618</256
B/7 8A<8:3A6 B8=;23B/435; ; 06B0;/1280A3 3 7;C8B; 32A3= 280A 3 B/7 E:60A/26A6 B8:30A3A3
06B0;1/280A B/8 87<:/4/256 E/.256 87 C130B80A3D

>2893 87 </0 0; B8:30A313 06B0;1/280A ./ 87<:/4/256 E/.256 87 C130B80A3 3 2/432 7/ 3.C5692;

32A3= 280A :/7356 2698 7/ 56 3.9:/76D Q= 560A8 7/ 30A:/.3A6 56728 7:;98 32A3= 28 3 0E3:3A;/128 <3
0A6 ;9/0313 462A6: ./ 80564/25/@ 0A/<313 8B18E 3 3= /A6 E13A/B@ 9623A/123 06B0 ./A8 0A8 56 5/B8
./0A:/0;5;46 3 E:6<306 32A62.3<28 7/ 376A6 ; 7;C32; 4356189 A3561/ 3 8056A3A6 E;2; 7;H8<2;
B826B435;D ?826B/7 <:;4 06I 56 73</2 /13 = 3 B/.6= 8 7/ 3= / = 2898 <306 87 A89/D &=/ =2898@
=2898 <306 87 A89/ 3 23B8 </0 26 ./7:./</ 87 A89/ 06= </0 0/= 3H 3 </03H <56:8</25/ 3
0A:/H8</ 7/ 0B326A6 0<6 =/0B6 3 .378<6D

>2893 </03 0A:/H8<3 0; C/./3:/23 2/ 828=6 0A8 0A6 <3 B:63:/13 ./ 06C6 3 0A/ 0A6 ;:/7313 7:;93=/ ;
0<8= 06B0;/128= .3<8A;D+/0/ 06B0;/12/ 30A8:35/ ;A346 2/ 0</B3 738 </06 7;06 E/ 0<6 0A8 = ;43
</0; 7;0; 06 = /23F60A;56 3 8C5/<15;56 B:8. A35618D +3 26 .613A6 7/ <373A6 8<8 E826B/7 56: 56
E:6<306 C8128 3 0A8 A8 80;75;56A6 B/8 1806D ?:60A/23A6 80;753</A3 3 E80A/23A6 26;A:/123 ./ 0<6 0A8
0A6 ;:/7313 C6. 8C.3:/ 0A/ 987 8AB:356A6@ C6. 8C.3:/ B813B8 56 A8 1806 C318@ C6. 8C.3:/ B813B8 A60B8
3.9167/ 3 C6. 8C.3:/ B813B8 2/0315/ 56 ;B15;4628D %H</A3A6 7/ 56 </0/ 0<:H/ C31/ 7/ E:3B;E3A6
32F8:= /4356 3 0H</A3A6 06C6D
%6B0;/1280A 56 F:6B<62435/D #2/ E:670A/<15/ 828 0A8 2356 ;.6A8 87 </0@ 3/B8 56 </0/ 30A8:35/@
=6=8:35/ 3 3762A3A6A ;.6A 3 :/.C3562D $/432 2/ B853 0A6 <3 80A/13 26A/B2;A3 0/ =89;4280A3 7/
8AB:356A6 AB8 0A6 C313 56 B:8. 06B0;/128 30B;0A<8D$ /:/<28@ <3 230A6 23B/7/ ;4623 8<8= 6D >3 46= 8
=8:/A3 7/ E89873= 8 4:B<; 0/ 8<3= @ E/ 3.<323A6 <3 B853 0A6 41/28<3 4:B<6D J:B</ 56 E80A/1/
8:9/23.3:/2 E80/8 7/ B82A:81306 :613935; 3 0E3:3A;/123 2/E:67/B 3 7/ B:63:/ E8018<6@ H356:/:H35; 3
B1;C8<6D+68= / 0; :356AB6 4:B<6 B856 0; 3=/16 3765; 7/</25/ 32F8:= /435/ 15;73=/D +3 26 = 3013A6
8 :6139353 B/8 2646= ; 0A8 </0 32F8:= 306@ ./: 26^ %</B/ :613935/ B85/ 7/56 32F8:= /4356 56 :613935/
B85/ 8E6:3:/ 2/ <3C:/4353 30A326D

%E3:3A;/123 :6/13A6A3 0; = 560A/ E80A85/25/ 87 B853H 56 15;70B8 A35618 87<85628D G/A8 0A8 56
06B0;/1280A C31/ 5672/ 87 = 89;4280A3 7/ 06 <:/A3 A/ = 6= 8:35/ 313 7/ 06 B826BA;56 0/
0E3:3A;/123= 735618= 06C6 3 0E3:3A;/123= B:6/A8:8= 313 7/ 06 2/756 E;A B/ 7;H8<23= :61/280A3= /
B85/ 0; ./B15;4/2/ ./ </0@ 4:B<6 0; 0= 301316 7/ E:8= 8<30; 06B0;/1280A ./ E:87;./</256
<:0A6D#26 0; ;4316 7/ 56 567323 :/.189 ./ 06B0;/1280A 7/ 06 E:83.<67; 28</ 15;70B/ C34/D

%6B0;/1280A 56 E:8= 8<30/2/ B/8 260A8 5/B8 1806D G62/=/ 56 C318 :64628 7/ 56 06B0;/1280A
260A8 0A8 826 = 8:/5; 7/ E87260; 7/ C3 01;.316 = ;0B/:46 3 7/ 826 26=/5; B82A:81; 8B8 E:8460/
:/75/25/D G626 0; <56:8</16 8<8@ E/ 4/B 3 78 7/2/02569 7/2/ <3 <56:;56A6 7/ 26= /A6 B82A:81;
8B8 A89 73561/ 0<89 A3561/D +3 A:6C/A6 7/ 0H</A3A6 7/ 567328 <3 871;4;56A6 H846A6 13 :873A3 7356A6 313
26D #<8 2356 A813B8 B8=E13B8</2/ 0A</: B/8 0A8 0A6 = 301313D#71;B/ 3 2/= 56:/ 56 A8 0A8 782803
30B;0A<8 </06= C34;D +3 B82A:813:/A6 H846A6 13 3= /A3 C6C; 313 26D "/ 56 .62/ 3=/1/ 8<;
=89;4280A E801567253H H315/7; 98732/ 3 7/ 56 = 891/ 7/ 30A:/.3 2562 06B0;/123 .3<8A C6. 0A:/H/
7/ 46 3=/A3 C6C;@ =8.7/ C3 .62/ 3 = ;0B/:/4 8AB:313 7/ 0; = 2898 018C872353 2698 0A8 3= 56 C318
:64628D

#AB:346 <303H F:6B<62435/ 06B0;/1280A3 781/.3 3. 15;C/<289 30B;0A</D $ 6= / 23B/B<6 <6.6 0/

:61/4358= 313 7/ 13 03 H6A6:806B0;/1/2 313 H8= 806B0;1/2D '8 3= / 567328 <6.6 0/ 432562348= 7/ 7</
15;70B/ C34/ 7/5; ./78<8150A<8 56728 7:;98= 2/ 2/432 B853 = 8.6 7/ 8A<8:3 F:6B<624356
0<560280A3D +3 0A6 E8B;E313 E:6<306 3765/ 0A/ 56 8798</:/5;46 / 0A/ 2356 8798</:/5;46 B:8.
06B0;/128 30E815/</256D

)5;C/< 56 6062435/ B85/ A:6C/ 7/ 06 B:63:/ ; 0<3= :61/435/=/D -B8 <813A6 3 E80A;56A6 26B89/@
26=/ <6.6 B85/ 56 B8=E8.3435/ </06 B8=E/BA280A3D #28 0A8 56 </.28 56 <3C:/435/ 15;C/<3 3 B/B8
78.3<56A3 A; 15;C/<@ B85/ C3 ; 376/128= 01;4/5; C31/ 2/5C8156 3.9:/7562/ ; 32A69:/4353 = ;0B/:4/ 3
.626 3 2/E:/<31/ OAe32 F1/=6P U=8.6 06 E:6<60A3\ </A:/ B85/ 56 3762A342/ 313 7;E13:/2/ 0E/5/256=
7<35; 626:935/ZD

&76/128@ 06B0;/1280A 06 30E815/</ B:8. 80564/25/D ':64/ 3 46A<:A/ 4/B:/ B826BA;5; </0 0/
6= 84382/123= 3 0;80564/523= 735618= </0 0A8 </0 8E6A B826BA;56 0/ </03= 7;06<23= C346= D
%E3:3A;/128 C346 56 738 </0 B856 56 =;1A373= 62.382/128 3 B:8. B856 <3 E80A853A6 ; <306 F8:= 3
30A8<:6=628D +/0 E80/8@ ./7/A/B 3 7;.280A 56 7/ E80A/26A6 0<56023 0<3H 8<3H :6/1280A3 ;
3762A3A6A; B853 0A6 <3D L/7/ 0A6 0<56023@ =8.6A6 E:30A;E3A3 :/.1343A3= F:6B<62435/=/@ 056A3A3 06 B8
0A6 3 E:8= 5623A3 <3C:/435; 8<89 Q23<6:.;= /D
>3 <813=8 7/ E:34/=8 8 06B0;/1280A3 ./A8 0A8 56 82/ = 30A6:38.2/ 2/ 8<85 E1/26A3D #7:675626
=30A3426 0B816 0; 4;</16 .2/256 8 B8:30A625; E8A62435/1/ 06B0;/1280A3 ; A/5280A3D +3 0A6
616BA:8=/926A2/ C34/ 3 B/7/ 06 0;0:6A26A6 0/ 7:;93= C346= <3 0E/5/A6 </06 616BA:8= /926A26
F:6B<624356 ./56728D L/7/ 0; </06 F:6B<624356 ; A82; 3 0E85626 F:6B<624358= 15;C/<3
26<56:8</A26 0A</:3 = 89; 7/ 06 7606D

R315/7/= / 98732/ ;2/./7 B/7/ 56 7:;0A<8 C318 <306 = /A:35/:H/1289 B/:/BA6:/ ; 87:675623=
B:/56<3= / E1/26A6@ 626:935/ C89325/ 56 781/.31/ 2/ .6= 15; 3 =/23F60A8</1/ 06 B:8. 26B6 808C6D
G62/ 56 0H</A31/ 2562; 02/9;@ 2562; 32A;3435;@ 2562 80564/523 462A/:@ 2562; B826B435; 3 2562;
.615; 7/ B:63:/ .3<8AD #2/ 56 A/B8756 0H</A/1/ 7/ 82/ 26 = 8:/ 23B/7/ 7/ 80A/26 A:;72/ /B8 A8
2356 C31/ 2562/ .615/ 7/ 06 7603D

"/ C3 E/A:35/:H/128 7:;0A<8 78018 ; E;2; 02/9; 3 7/ C3 .6=15/ E:8=56231/ 23<8 0<560280A3@
.620B/ 626:935/ 56 =8:/1/ 7/ 06 ;2/./73D "/B16@ .620B/ 02/9/@ 626:935/ 3 0H</A/256
06B0;/1280A3 56 E8A302;A8D Q = 876:28 <:356= 6@ ./7253H 7<356 H315/76 98732/@ 2/ 8<85 E1/26A3
78018 06 78 <56:8</25/ 7/ 0; .626 <56:8</16 7/ 826 26= /5; B82A:81; B/7/ =89; 3= /A3 7564;@
7/ 56 06B0;/1280A 180/ 3 C81602/ 3 ;4628 56 7/ 06I = 8.6 C3A3 <87562 0/= 8 ;2;A/: C:/423H E:/</
3A7D %<6 8<8 56 C38 0/=8 = /:B6A320B3 E:89:/= D

$6B6 87 7/2/0253H =/:B6A329 E:89:/= / E8B;0/</5; 7/ B:63:/5; 580 <643 0A:/H 87 06B0;/1280A3 3
30E815/</25/ 06B01;/1280A3 B:8. E:8= 8435; 0A:/H/ 87 %376@ H6:E60/ 3 = 2893H 7:;93H 0A</:3D +3
E:843A/A6 8<6 0A</:3 ; 28<32/= / 3 E80A/56A6 ;E1/0623 87 <1/0A3A39 30E815/</25/@ ;E1/0623 87
<1/0A3A6 32A;34356 3 ;E1/0623 87 </06 13426 :/780A3D "/ 13 :/.;= 356A6^

?:356 2698 0A8 56 "$- C31/ E:6;:67562/@ 2/432 2/ B853 0; 0; = 2893 780A3913 <306 :6/1280A3 3 C313 ;
=89;4280A3 7/ 780A392; F:B6<624356 </2 8<6 E1/26A6 56 C318 B:8. 616BA:8=/926A2; <6.; 15;C/<3D
#23 0; B:63:/13 260A8 E8E;A :/B6A289 30B;0A</ B856 3H 56 E873918 ; 7:;96 030A6=6 :6/1280A3D #<8
56 5672/ 87 2/54;</2353H A/523 2/ 8<85 E1/26A3D

>2893 87 A3H 0/ B853= 0= 8 E:34/13 0; 3= /13 /E081;A28 7;C8B8 30B;0A<8 06B0;/1280A3D>3 C3 .615613
7/ ;B/.6=8 7/ = 3 26 :/73=8 :/.13B6 313 B:3A3B;56=8 0/ B3=6 0A6 ; <6.3 3 0/<56A;56=8 7/ <3 30A8
2/E;0A3A6 A/B<; <:0A; B:3A3B8</25/ 30A8D '8 56 0A/:3 E:89:/=D >3 E:34/= 8 8 7</ C34/ B85/ 0; 06
0E8531/ 2/ C318 B853 2/432 B853 56 8798</:/5;43 253= / 7/ 06 0E856 3 B:63:/5; 15;C/<@ ./A8 0A8 82/
735616 15;C/<D

L/7/ 32A69:3A6A 3 15;C/< 26780A/56 ; 0E/5/25; 15;70B3H A3561/@ A/7/ 15;70B/ C34/ 26 =3016 78C:8
253H8<8= 30B;0A<;D '8 B:63:/ :/.26 <:0A6 1803H E80156734/ ; F3.34B8= A3561;D

+3 0A6 80A/<15623 0/ F:6B<624358= 30;0A</ 8:9/.= / 7/ C3 =8913 7/ 06 056A3A6 0<89 <3069

3762A3A6A/D L/7/ 06 8</ 626:935/ 313 30A8:35/ 8 06C3 8018C873 3 <3 8AB:356A6 AB8 0A6@ <3 46A6 ;567323A3
=289/ A3561/ 0<89 <30673=62.382/1289 E80A85/25/ ; 0<8585 F3.34B85 F8:=3D "/ C3 78C313 E8AE;2
6F6BA 8<89 ;567325625/ @ 78.<813A6 7/ 06 7</260A 0E3:/1/ ;B18E6 ; </06 A35618 3 78.<813A6 7/ 06
0<56A1804; B873:/2/ <1/B2/ UF31/= 62A0Z E:6:/0E8:676D #</5 E:84600 56 E8<6./2 0/ = 62A/123=
A35618= B856 56 2/:/<28 E8<6./28 0/ F3.34B3= A35618=D (= 84382/128 A35618@ B856 56 B826BA8</28
0/ 0E3:3A;/123= A35618= 56 A35618 B89/ C3 0</B8 .6138 E:60B843A3D +3 B/.6A6 O*/ .613= 7/
2/E:67;56= D */ .613= :/E372; /B4616:/435;@ /13 5/ 26 .613= 7/ 376= B:8. 80564/523 462A/: 7/ C3
A8 ;:/738D

+3 0A6 B826BA3:/23 0/ </03= = ;1A373=62.382/123= C343= / B:8. 0<85/ 80564/25/ 3 ; </03=

80564/253=/ 56 =560A8 9756 0A6 <3 E:3=/:28 ./B84623D %H</A3A6 7/ </06 O0A</:3P 781/.6 0/
:/.1898= U828 0A8 06 3.1356</ 3. </03H 80564/25/@ 2/ A8 06 =3013ZD >2893 87 </0 C3 2/5:/7356 7/
./E/13A6 26B6 O0A</:3P 3 C/43A6 ; 0= 646 B/8 260A8 5/B8 :;.28 3 0A8 2356 738 </0D#<6 2/98= 31/26
O0A</:3P 0; A/=26 0562B6 </069 E80A85/25/ B856 26 <813A6 3 26 .613A6 7/ E:3H</A3A6 8 06C3D

>3 0H</A/=8 7/ E826B/7@ B/7 260A8 78756 2/ E8<:032;@ <3 :6930A:;56A6 A8 3 B/.6A6 O*/ = :.3=
8</5 738 06C6@ 3 5/ C3H 2/5:/7356 ./<:038 0/ A3= 3 0A/<38 30E87 A6E3H/ 3 ./C8:/<38 7/ E80A853D O*/
0/= ./<:038 0/ 8<8= 0A</:3 DP Q 0A</:3 </06 O0A</:3P 3 </03 E:8C16= 3 0; :3.234/ C1/9/ </069
.3<8A/D '8 56 B/B8 <3 ;43A6D

+3 0A6 06 018.313 7/ =;A3:/A6@ 7/ </06 A35618 2/E;23A6 0/ 0<56A1804; 3 7/ :873A6 #C3A615 %<56A180A3
2/ 8<85 E1/26A3D ?80A8 56 %<56A180A 32F8:= /435/ <3 =8:/A6 7/ 06 0;843A6 0/ 0<3= 0A</:3=/ B856
0/B:3</A6 87 06C6D %6B0;/1280A 56 E:3=/:23 E:8C16= E80A8 56 A8 A/523 738 </0 738 87 B89/ 06
0B:3</A6D ":;0A<8 </= 56 :6B18 O#<8 56 78C:8@ 8<8 56 1806@ <3 A:6C/ 7/ :/73A6 A8 3 A8D L8 </= 56
7/8 A6 ./B826D L8 </= 56 ./E:/<8 7/8 3 567/2 87 ./B82/D

+3 06 80564/A6 ./A84623 ./A8 0A8 26 =8.6A6 43A/A3 03=C816 56.3B/ B853 98<8:3A6 0/=3 06C3D >2893
87 </0 <816 </06 E:346 ./A8 0A8 </= E:3<1/46 E/.25;D -B8 26= /A6 E:34;@ B8 46 E:34/A3 0/ </= /D
?80=/A:/5A6 0<856 A35618 3 <373A6 0A/ </0 A8 ;43D Q 376/128= 01;4/5;@ <3 46A6 3.135643A3 :/26 3
B:63:/A3 =560A8 <646 B8= F8:280A3 3 :/780A3 B/7 2/;43A6 7/ C8:/<3A6 B8= E16A2356 ; </06= A3561; 3
B/7 C;76A6 3= /13 28<; 3762A3F3B/435; </06 06B0;/1280A3D
%6B0;/1280A 56 B15;4D '8 0; <:/A/ B/ <643= :6/1280A3= / 0<560280A3D L/7 E:676F323:/A6 06C6 3
B/7/ 0<56A18028 B873:/23 616= 62A3 </= / 7/5; 28<; 76F32345; </0 0/=3H@ <3 46A6 E:8= 5623A3 3 B8
0A6 <3 06B0;/128D %6B0;/1280A 06 = 8:/ E87343 ./ 0<6 </0 3 =3 = 8.6=8 :643 3. 30B;0A</ A8 56 738
87 B89/ 06 2/5<306 E1/03A6 ; 8<8 <:356=6D +3 </= 9/:/2A;56= 8 C346 =2898 0A:/02353H 735618</
B/02356D

-B8 0A6 ./E613 2/ 37653 15;C/<3 3 26 = 8.6A6 0H</A3A3 0A/ 06 760/</ 0/ A3=@ </0 E:8C16= 56 7/ <3
A:/.3A6 15;C/< </2 06C6D +3 A:/.3A6 26B89/ 7:;989 7/ 7/ .2/46256 </06= .3<8A; 3 7/ </0 8435623D
-B8 26=/A6 A; 808C; <3 E80A/56A6 15;A3 3 80564/A6 06 C6.<:356723D '8 56 =8761 0/ B853= 0A6
87:/013@ 0A8 0; </= </03 :873A6153 3 7:;0A<8 E8B/./18D >3 0= 8 </= :6B13 = 2898 E;A/ 7/
2/5</.235/ 0A</: 56 7/ <813A6 06C6 3 E80A;56A6 G6= 15;D -13 <3 A8 ./C8:/<15/A6 3& A:/.3A6 0156764;
<6.; 7/ </0 2/E:/<3 B8= E16A23=D
+3 06 80564/A6 7/ 0A6 C6. <6.6 =/256 .2/4/5/2 3 E:3H</462 0;9:/75/232D #27/ 06 80564/A6
;0/=15623=D +3 =8:/A6 7/ 2/;43A6 7/ C;76A6 0/=3D %/= 84/ 56 567280A/<28 0/=8 0A/256
0<3560A3D +3 230A6 23B/7/@ 23B/7/ 0/= 3D+3 3= /A6 <613B3 C:85 62A3A6A/ 8B8 </0D -B8 E:60A/26A6 ./13A3
0/= 3 06C6@ <3 46A6 0H</A3A3 7/ 3= / A813B8 32F8:= /435/ B856 </= 06 0/15; 7/ 46A6 .6156A3 7/
C;76A6 0/= 3 7/ C3 =8913 7/ E:3=3A6 B82A/BAD

L/7 <813A6 06C6 3 E:60A/26A6 B8=E1343:/A3 0/ E8A:6C8= 7/ </0 26B8 <813@ <3 0A6 ; 0A/25; 7/
E:3H</A3A6 828 0A8 26B8 7:;93 2;73D +/.28 56 7/ <3 435623A6 0/=3 06C6 A/B8 7/ 06 26 ./78<8153A6
26B8= ./=/0B3:/28= 15;C/<15;D -B8 871;43A6 7/ A:/.3A6 E/:A26:/ 313 7/ <3C:3:/A6 0/ 26B3= 3
B/7/ 26 78C356A6 A8 0A8 0A6 A:/.313 26 ./13A6 06 3 26 A:/.3A6 7/ 06 808C/ E:8=5623 82/B8 B/B8
</= / 7898<8/:/D -B8 0A6 E80A/<313 <:3567280A3 ./ 06C6 3 230A6 3H B:63:/13@ 827/ 567280A/<28
E:8=5623A6 :6/1280A 3 2/0A/<3A6 0/=3 78B 26 0:6A26A6 26B89/ B8 46 :6F16BA3:/A3 </06 <:3567280A3D
G/ 0<8 <:356= 6@ <3C:3:/5A6 ; 15;C/<3 B/ 06C3@ E80A;5A6 06C6 3 0H</A3A6 7/ 56 8<8 E;A 8
08E0A<628= 8AB:3</25; ; <6.3 E:6= / 7:;93=/D $356 0/= 8 8B8 =;.6</ 3 .62/D ?;A8</256 56 3
8B8 E80A8</25/ </069 F3.34B89 A3561/ 3 8:3932/1280A3 </069 C34/ B/7 78A/B26A6 .3<8A6 = 2893H
7:;93HD "8.<813A6 7/ :/73A6 2/ 06C3 3 7/ 2/E:67;56A6D

+3 06 0<3 E1/03A6 7/ C;76A6 32A3=23 0/ 08C8= 3 7/ 80A/26A6 0/= 3 0/ 08C8=D *6728= B/7
:/.<356A6 32A3= 280A@ A3032;@ 15;C/< E:6=/ 06C3 3 B82A:81; </06 626:9356@ A/7/ 46 A6 .6156A3 7/
E8735613A6 /0E6BA </06 32A3= 280A3 0/ 26B3= 7:;93=D

%6B0;/1280A = 8.6 7/ C;76 <:18 B82F;.2/ ; 8<8 <:356= 6 56: <3 E8<64/</A6 3 ;43A6 8 </085
F:6B<624353D L/7 0E853A6 A3561/ E/ 4/B 3 B/7/ ./9:13A6 56728 7:;98 <3 3.=5625;5;A6 F:6B<62435;D
L/7 3= /A6 06B0;/128 30B;0A<8@ 781/.3 78 H8:= 820B89 8018C/75/25/ ;2;A/: </069 A3561/D
R8:=823 C;76 87:675626 626:9356 ;2;A/: 46135/ 3 760/</ 06 E:62806256 60624356 56726 808C6 ;
6062435; 7:;96 808C6D G/A8 B/7 3=/A6 06B0;/128 30B;0A<8 0/ 26B3= 26 = 8.6A6 8018C873A3
25698<; 313 2562; 626:935; 3. 0<89 030A6=/D &/B8 26 .613A6 7/ C;76A6 0/ A8= 808C8= @ 06B0;/128
30B;0A<8 80A/56 0/ </=/ 56: 0A6 3=/13 616BA8= /926A0B; 3.= 562; 626:935/D

+3 E:81/.3A6 B:8. = 87;1/435; F:6B<624356 3 ;43A6 B/B8 7/ E8<64/A6 0<85; F:6B<62435; 78 = 560A/
0A/C3123H UE8;.7/23HZ 32F8:= /435/@ 15;C/<3 E:6= / 06C3 3 32A3= 280A3 E:6= / 06C3D G/A8@ = 8.6 C3A3
5/B8 B82F;.28 / E826B/7 3 ./0A:/0;5;46 7/ ;.= 6A6 8<; 8056A153<; 43256234; B85; ;43A6 8 06C3 3
0E853A6 0/ 26B3= 7:;93=D %A8 987 E80A/56A6 0<5602353 0<6 <306 0A6 ; B82A:813 </069 A3561/@ 9756
7/ 9/ ;B15;43A6@ 9756 7/ 9/ E80A/<3A6 / E898A8<8 0/ B3=6 7/ 06 =560/A6 06B0;/128D

-B8 46 06B0;/128 3.:/./</256 E87:./A3 </06 <1/0A3A8 :/.<35/256@ <3 46A6 /;A8= /A0B3 B:63:/A3 A8
30B;0A<8 3 C3A3 0E:6=23 ./ A8D%H</A3A6 7/ A8B8= E:8460/ <1/0A3A89 :/.<35/25/ <68= / 460A8 2/343
E6:387 06B0;/126 26/BA3<280A3D -B8 06 0E/5/A6 0/ 26B3= 3 B6= 350B3 3.= 5625;56A6 0/ 26B3= B8
</= 06 26 78E/7/ <3 ;.3=/A6 253H8<8 0= 646 56: :/.= 5625;56A6 626:9356 32A3=28D

?826B/7 46A6 C3A3 0B1825623 87 A/B<6 :/.=5626D > 8.7/ 46A6 =3013A3 O# =85 C8.6 0A/ 06 760/</@
"/ 13 0A/:3= " / 13 06 H1/73= ^ '8 2356 01;4/5D +3 = 8.6A6 7/ 2/;43A6 7/ B8:30A3A6 626:9356 B856 46
</0 06B0;/128 0A3= ;130/A3 C6. 7/ 56 :/.=5625;56A6 0/ 26B3= 7:;93= D Q=560A8 7/ E80A/56A6
B/8A3423 3 O1;73P@ <3 = 8.6A6 7/ 30A:/.3A6 A6 626:9356 B:8. E:/BA3B8</256 ;=56A280A3 =/0A;:C/4356@
.2/5;43 7/ 56 E8AE;28 78.<815628 3 ; :67; A8 :/73A3D &13 = 8.6A6 7/ 567280A/<28 E80= /A:/A6
06B0;/12; ;.C;756280A 3 871;43A6 0A/ 46A6 ;:/73A3 0/ 258=D >8.6A6 :643 O "8C:8@ */ 26
2/=56:/</= 7/ :6/9;56= 2/ 8<8D R /576 7/ <373= 9756 46 8</ 626:935/ 8A343DP Q.=3A6 626:935; 3
78.<813A6 7/ 06 E6256 ;. </06 A35618 3 30B8:30A3A6 56 ; 7:;93= 735618<3= /D

+3 = 8:/A6 7843 78 A/4B6 9756 =8:/A6 8C8./</A3 3 <8156A3 06C6 B/8 7/ 7:.3A6 06C6 B/8 =/1; C6C;
; <1/0A3A3= :;B/= /@ .2/5;43 7/ 46A6 ;:/73A3 2/5C8156 ./ 06C6D > 2893 87 </0 87<:/4/5; 0/=3 06C3
E/.25; 87 06C6D $/753A6 = 560A8 =3:/ 3 A30326 9756 =8.6A6 2/43 8798<8:6D +3 26 =8.6A6 2/43
8798<8:6 8B:64;43 A616F82 43A/< 7/2 3 :/0E3A;5;43 06 8B818 B87 7:;93HD -B8 A8 E8B;0/A6@ A8 .2/43
7/ A:/.3A6 8798<8:6 </2 06C6D L/7 2/;43A6 B/B8 7/ 06 8B:626A6 B/ ;2;A:/ ./ 8798<8:6@ </06
;2;A:/0256 */ U061FZ 46 E846A3 7/ E:34/D #C3428 <3 26 = 8.6A6 4;A3 56: 0A6 ./:8C15623 ; =8761;
E82/0/25/ 7/ <3 .2/A6 7/ 06 A:6C/A6 E:8=5623A3 /13 26 .613A6 7/ 06 E:8=5623A6 56: 26 .2/A6 AB8
46A6 C3A3 E801356D

&0B:628@ <3 0A6 ;E1/0623 06C6D #<8 56 <:18 B/:/BA6:30A342/ 0A</:D +3 0A6 ;E1/0623 7/ 230A6
B8= E16A23@ /13 <3 .613A6 5/B8 7/ C;76A6 B8=E16A23D G/A8 <3 B/.6A6 O*/ 0/= B8= E16A/2@ */ 0/=
0;<6:62@ >623 A:6C/ 26AB8 7:;93D > 623 06 78E/7/ 26AB8D #H@ 26@ */ 26 =89; 7/ 9167/=@ */ 06
E:6<306 E1/03= @ = 623 23AB8 26 A:6C/@ =623 26AB8 A:6C/D O

& A/B8 376A6 2/E:33567D & 2/./7D $/;43A6 7/ 0= 3:3A6 </0 Q=D $/;43A6 7/ C;76A6 ; B82A:813 </06
626:9356D %A/ A8 .2/43^ '8 .2/43 7/ 9756 987 0A6@ E80= /A:/A6 06C6@ ; B/B<85 </= 56 E8.3 A35618@
B/B8 B8:30A3A6 :;B6@ 7/ 13 06 E82/<15/A6 3.28</ 3 3.28</@ 7/ 13 E:34/A6 313 4;A3A6D $/;43A6 7/ 06
E:8=/A:/A6 C6. 7/ 06 8EA;.;56A6D $/;43A6 7/ 9167/A6 3 7/ 06 0/= 8B8:39;56A6 B:8. 0/.2/256
B/B<3 C3 .6156A3 7/ C;76A6 / 26 B/B<3 0A6 0/7/D $/;43A6 7/ 0= 3:3A6 ;= D

]:6B<62435/ 06 E:62803 0/ 808C6 2/ 808C; ; 01;4/5; 7/ E80A853 15;C/<2/ B826B435/D )5;C/<2/

B826B435/ 26 .2/43 7/ 46A6 06 <3 2/01/25/A3 56728 2/ 7:;98 <56428D '8 567280A/<28 .2/43 7/ 0A6
<3 ; <6.3 0<6 78B <3 80564/A6 7/ 56 <6./ 8798</:/5;4/@ 78B E80A;56A6 56728 7:;98 3 78B 06
626:9356 :/.= 5625;5; 3 78.<815/</A6 7/ 626:9356 A6B; B:8. 8A<8:626 B/2/16DL/7 26 <813A6 567/2
7:;989 3 B/7 230A6 E8<6./23 26=/ :/.=5626@ B/2/13 06 26 8A<8:6D '8 26 .2/43 7/ <3 26 =8.6A6
3=/A3 78C/: 06I 2698 567280A/<28 7/ B/2/13 230; 8A<8:623D

L/B8 06 616BA:3423 3= E;10 E8<64/</ 0<6 <306 3 <306@ 89:/.= 34B8 30;0A<8 06 E873.6 78 <643H
<3032/ ./A8 0A8 26:<23 030A6= =8.6 7/ E872606 <646 F:6B<624356D $6:<23 030A6= 46 87:673A3
B/B8 <3 30E815/</A6 06C6 3 B/B8 06 80564/A6D -B8 3= /A6 1806 :/.<3562 26:<23 0h0A6= @ </06
06B0;/128 30B;0A<8 46 C3A3 13=3A3:/28 ./A8 0A8 26:<23 030A6= E:62803 616BA:3426 0392/16D
#9:/.= 34B8 30B;0A<8 78E:32803 8.7:/<15625; 3 E:84304625; F3.34B89 A3561/D
+:6=628=@ 2646A6 C3A3 ; 0A/25; 7/ C;76A6 0/ 26B3= B8 26 <3C:33:/ 2/ 30A8= 2/E82; B/8 3 <3D
*67280A/<28 2646A6 06 01/9/A3 567/2 0/ 7:;93=D '8 C3 C318 7/ E8B;0/A6 7/ 0A/<3A6 0A8E1/8 C:85
W ; 43E61; C:85 `D $ 646A6 06 01/9/A3 56: 2646A6 C3A3 ; 0A/25; 7/ 06 0A8E3A6 <3C:/4350B3D

+3 46A6 2/ B:/5; 0H</A3A3 .2/4/5 H:/25625/ <3C:/435/ B/7 06 E846A6 E8<6.3</A3 06B0;/128D
?8<6.3</256 06B0;/128 56 0/= 8 567/2 87 2/432/ 87 0E/5/25/ 0/ 15;73=/ B853 06 B:64; 30A8= 313
B8= E/A3C3128= 2/E82;D +/0/ :6/1280A 56 <68=/ 32A6:60/2A2/ ./A8 0A8 3= /A6 =2898 .2/B8</ ;
</06= 0<356A;D L/7 376A6 ; 0A:/2; .6= 15; </03 616BA:3423 ;:675/53 26 :/76D #23 26 F;2B43823:/5; 3
A:6C/ </= /7/EA6:D M318 C3 <68= / 0A:6028 B/7 C3 06 =8:/13 /7/EA3:/A3 2/ <3C:/435; ;
06B0;/128= 87280; B85/ 2356 </0/D '8 C3 C318 5/B8 0A:6028D ?8A:80313 C3 0<; 626:935; 7/ B:63:/A6
/7/EA6:D '/7/ C3 06C6 ;0B:/A313 3 26 C3 03 7/13 78.<81; 7/ 376A6 7/156D

%6.7606A6 0; 8.2/4316 8A</:/256 6:6 06B0;1/289 30A:/.3</25/D Q 56728= = 8=62A; 06 = 8761

E:8=56238D >2898 626:9356 B85/ 56 C31/ 2/ E1/26A3 ; A8 <:356=6 06 E8= 3560/18 0/
6B0E:3=62A30/256= ;.3=/25/ 7:89/ 3 7:;93H 8E35/5;43H 0;E0A/243 0A8 56 78<618 78 B:/4356 28<89
=8761/ B853 </0 56 87<8538 87 E:67H8726 9626:/4356D #9:/234625/ 0; 06 = 8= 62A/128
E:8=56231/D+3 0A6 06 87<85313 87 9626:/4356 B85/ 56 <56:8</1/ ; :/A 3 230A6 06 80564/13
9626:/4358= B85/ 56 0<85; 06B0;/12; 6B0E:6035; 3.:/./</1/ ; = :/B; 0/ <56:8</A28 = 2898
875646 2/ 06C3D +3 0A6 E:6B32;13 567/2 = 8761 2/ = 2898 2/432/ 3 E80A/<313 28<6 A:6278<6 3
B:63:/13 28<6 <378<6 E80A85/25/D M318 56 E:6B:/028D O#H@ = 85 M8.6@ 018C87/2 06I 3 15;C/< 3
E8B/.3</256 A3561/P@ :6B13 0A6D

%/7/ 56 <:356=6 ./ 5672; 28<; :6<81;435; B:8. B85; 46 A6 E80A/A3 <3C:/43828 E8<6./23 ./ 808C;D
+306 2646 C3A3 87<:/4/25/ E/.256 87 06B0;/1280A3 3 E:6A</:/25/ 7/ 0A6 <3 06B0;/128 018C8723 3 7/
=8.6A6 A8 7/ 30E815/</A6D '8 56 567280A/<28 A5616023 /6:8C3B ; .823 06B0;/1280A3D > 3 .613= 8 7/
<3 ;756A6 ; /6:8C3B <3C:/4356 7;H/D ";C32/ 7<856 15;73 B853 06 E8<6.;5; 2/ 8</5 2/432 56 828 0A8
</= / A:6C/ 3 ./ 43= 46.26A6D -B8 0A6 ;E1/0623 87 A89/ A8 56 ./A8 0A8 26= /A6 580 ;.8: ./ A8D +3
03 = 8:/A6 0A<8:3A3 567/2 ;.8:D +3 =8:/A6 <56:8</A3 7/ 46 B80=34B/ 626:935/ 782356A3 28<3 E8= /B
<6./28 0/ </03= .615/= / 3 7/ 46 </0 87<60A3 2/ 01567643 B8:/B ; :/.;=356</25; 06C6D

+3 46A6 06 056A3A3 0/ 5/028= 430A848= </06 6B0E:60356 06B0;1/280A3 ; :/.1343A= =/23E;1/435/= /

B:8. :6/1280A3!B/7/ 0A6 C313 3 .62/ 3 = ;0B/:/4 3 B/7/ 0A6 30A:/.313 06B0;/1280A ; 0</B8= /0E6BA;D
?8A:6C2/ 56 H:/C:80A 7/ ;:/73A6 A8D -B8 3=/ 3 5672/ 8C1/0A ; B8585 <3 8EA;.;56A6 06C6 3 ; B8585
56 E1/26A/ ;:/731/ <613B8 8EA;.3</256 56 06ID+3 3= /A6 26B6 B82/426 37656 0A/ 56 ; 06B0;
78.<815628 / 0A/ 26D "/B16@ =2893 87 </0 C3 C313 08B3:/23 7/ 06 056A6 0A/ 0; 0<6 :/7313 0/
253H8<8= 06B0;/12804;D
%H</A3A6 7/ 2/ 8<85 E1/26A3@ 06B0;/1280A 56 ;<356B C31/ <6./ 0/ <303= F:6B<62435/=/D &/B8 56
=2898 32F8:= /435/ ;230A628 3 :/.C/4/28 E8 A3561;@ E8A62435/1 7/ B:63:/A6 .3<8A@ E870564/ </0 7/
B8= E16A28 0H</A3A6@ B8 0A6 <3 ; 0;0A323 </069 C34/ 3 ; 0:6730A; 8289/ 0A8 560A6D %6B0;/12/
<3C:/435/ 56 </0/ <6./ 0/ B80=34B3= 3762A3A6A8= @ /13 56 435613 B8246EA B8= E16A28 E89:6028
E:3H</462 3 3.9;C1562D >3 567280A/<28 B/.6= 8 7/ E80A853 <64/ E:34/ 3 7/ 56 =2898
32A6:60/2A235/@ 2698 0A8 06 3B8 ;0;738 7/ E8<56:;56D ?80A856 823 B853 230; .615613 7/ <3 C;76A6 ;
A82; 0/ A3= F:6B<62435/= / .C89 0A:/H/ 9756 0; </0 A6 F:6B<624356 =8916 87<60A3 ; .826
8018C875625/ 9756 0A6 = 8913 E846A3 E8<6.3</A3 0A</:3D

%6B0;/1280A 56 80A/<1562/ B/8 F:6B<62435/ 7/ <3 E18<3A6 E8 2585 B:8. 26:<23 0h0A6= 3
B826BA;56A6 0/ <303= Q=8= 3.1/.643 </2 A3561/D -B8 0A6 .2/13 7/ 56 8<8 3.1/. 2/E8156 @ AB8 C3 </0
=89/8 B82A:813:/A3 & = /23E;13:/A3D
?8E;1/435/ 06 = 8:/ 8430A3A3 87 269/A3<26 B82A82/4356 3 80;753</25/ B856 56 8C85318 </06
06B0;/128 30B;0A<8 B:8. <:6= 62/D+3 =8:/A6 06 3.=3:3A3 0/ 06B08= 7/ C3 0A6 32A69:3:/13
F:6B<624356 3 3762A3A6AD %A</:3 0; C316 =/23E;130/26 3 E80A/<15626 0; 13= 3A/4356 A/B8 7/ C3 06
30A32/ 8 06B0;/1280A3 0/B:31/ 87 </0D +/=/ 56 C318 :64628 7/ <3 = 8.6A6 0A<8:3A3 28<3 .3<8A 3 3=/A3
8:9/./= @ /13 </= 2356 :64628 7/ = 8.6A6 8A<8:3A3 <646 F:6B<624356 0/ A3=D +3 =8.6A6 0/ A3= 7843
; B82A/BA 3 B8:30A3A3 A8 B/8 = 6A87; ./ 0564/256 8 A8= 6 AB8 0A6 <3 3 7/ E:8=5623A6 <3C:/435B0;
F:6B<62435; </069 A3561/D
Q 26B813B8 01567643H 98732/@ </0/ 6B0E:6035/ 06B0;/1280A3 46 3=/A3 5672; E8AE;28 28<;
73=62.35;D +3 46A6 06 E:8=5623A3 3 2/E:678</A3@ 3=/5;43 ; <37; 7/ 3= /A6 E/:A26:/ B8 56 <815/2
7/ E8756 30A3= E:/<46= 3 7/ 56 8A<8:62D

-13 /B8 0A6 0/ 26B3= B8 H846 7/ 06 39:/ 87C35/25/ 313 3.C569/</25/@ <3 2646A6 0A343 239756D

4(%5-657& ::8 ! +/0/ #C/<6./ 3 +/0/ ?80<6A/ 7/ 6<81;3:/A6 ; c"

&. 2/069 ;91/ 9167/25/@ <3 0<3 3= /A6 .2/256@ <3 0/=8 A:6C/ 7/ /BA3<3:/A6 </0; = 6=8:35; ;2;A/:
</069 C34/D >3 0= 8 E:3=56A313 7/ 26B3 87 </0@ 3. </069 ;91/ E83=/25/ </E6 ./ E8=843 3 98<8:6\
O>3 A:6C/=8 E8= 84 3 2/<8756256DP
R/576 7/ 827/ E:6718.3= 8 E;A B853= 76F323A3<28 =8.6A6 343 ! F8:= ;1; B85/ 46 75618</A3D

'/ F8:=;1/ 56 B:/5256 567280A/<2/D $/ </=/ 56@ 7/ ; 0</B8= = 8= 62A; 3 0</B89 7/2/@ 3.28</ 3
3.28</ E80A/<3A6 0/ 5/02848= A8 0A8 .613A6 7/ 30B;03A6D

>8.7/ A8 0A8 .613A6 E/7/ ; B/A698:35; 26= 89;469 E:6=/ 264353= 7:;93= 89:/2346253=/ 313
E:6= / 264353= 7:;93= 13= 3A/435/= /D
%/ 80564/56= 7/ ./01;.;56A6 3 0/ =3180A3 E:6= / 06C3@ 8AB:35A6 ;2;A/: 06C6 828 0A8 </0 4323
0:6A23= D
#28 0A8 4323 7/ 06 80564/A6 1/B8@ 7/ 06 80564/A6 E8<6./23 3 7/ 06 80564/A6 .3<3D %A/ 56 A8 0A8 <3
.613A6@ / 0A8 46 30A8<:6= 628 782356A3 =3: 2/ E1/26A3@ 78B 0A6 <3 ./8B;E3:/23 </03= <1/0A3A3=
C346= ^

%A/ 987 7/ 0; 8<6 0A</:3@ E8423A6 7/ 3H .613A6D ?8.8<3A6 3H 06C3 98<8:643\ O$/=56:/</= 7/
30B;03= H/:= 8234/2 2/432 .3<8A/D $/= 56:/</= 7/ 30B;03= .7:/<156 3 626:935; B85/ 46 = 6 <873A3
; B:6/A3<26 78.3<15/56D $/= 56:/</= 7/ 0/= 03A;3:/2 3 7/ H:/2/@ B:8< 2/7 91/<8= 3 0<6 0A</:3
B856 0; = 3 E8A:6C26 7/ 30B;03= .3<8A = 623 C;7; 7/26 ; <613B85 B8134323 3 7/ 5/ A; B813432;
E:80135675;56= 3 735613= 0 7:;93=/Dk

#<8 230; 37656 B856 0A6 <3 C313 ;4623 7/ =3013A6D

"</ 78 A:3 E;A/ 726<28 E80<6A3A6 =/13 738 </069 <:6=62/ A8=6 7/ </= E80A/26 5/028 0A8
.613A6D %</B3 7/2 8A<8:3A6 626:9356 ; 0<8= A3561; 3 3.2/7 </069 A3561/ E8.3</5;43 F:6B<62435;
0<356A1/D G/=3013A6 .:/B; 0<56A180A3 B85/ E:81/.3 B:8. V` 4/B:3@ 067/= ;2;A/: </069 A3561/ 3 _ </2
</069 A3561/D #<6 4/B:6 0; 32F8:=/43823 462A:3 313 <8:A6B03 B853 B/7 06 /BA3<3:/5; E84325; 7/
80431;5;D L/7 823 80431;5;@ 823 B:63:/5; E8B:6A6 ;2;A/: </069 A3561/ B853 /BA3<3:/5; 0<56A1804;
B873:/2/ <1/B2/ 7/ 06 E8<6.; 3 F8:=3:/5; V` 6<81;3:/5;43H 0E3:/1/ ; A3561;D

+:18 56 </.28 ./ 0</B89/ AB8 .613 7/ C;76 ; B8= E16A285 H/:= 82353 0/ 0<853= F3.34B3= C346= 7/
E:/BA3B;56 :678<28 26B3 <37 7;C8B89 730/25/D #<8 56 E:89:/= 9756 56 ;7/H <:18 </./2@ B303B 06
;2803 ; A35618 3 760/</ 06 8B037/435/D

%156764/ /BA3<280A B85; E:6E8:;4;56= 8 ./ 826 B853 .616 7/ E8<64/5; 626:96A0B6 <3C:/4356 ;
A3561; 56 8B:6A/256D
?8=56:/5A6 06 0/ 1356<6 2/ 7602; 0A:/2;@ 8B:64;43 06 8B818 3 F8B;03:/5;43 E89167 2/ E/1/4@
C:85643 3 8B:6A/5;43 06D > 3 E:671/.6= 8 7/ 06 <3 8B:646A6 cc E;A/ 2/5= /256 56728= 726<28D +3
=8.6A6 7/ 780A3926A6 cc 8B:6A/5/ <68=/ 0E8:8D -B8 0A6 ; =89;4280A3 7/ 780A3926A6 cc
8B:6A/5/@ A:3 E;A/ 726<28@ A/B8 7/ 06 8B:646A6 WW E;A/ 726<28@ <375646=8 B813B8 46A6 7;98
80A/A3 2/ 8<85 E1/26A3 313 C/:6= ; 8<85 73= 62.353D

L/7 ./<:03A6 8B:6A/256@ C6. 8C.3:/ B813B8 0A6 8C:A/5/ 2/E:/<313@ 0A/<3A6 0<856 71/28<6 ./56728
30E:67 9:;73D %E853A6 3H@ 7:.643 0<856 843 8A<8:626 3 C/1/203:/5A6 0/ 0A8E/1/=/ :/.=/B2;A3= ;
23<8; :/= 62/ A/B8 7/ 06 80564/A6 ;037:623@ / 7/ 580 80564/A6 8B:6A/256 ; 30A8 <:356=6D
#<8 5/B8 ;C:./</ 8B:6A/256 4/B:3 ;2;A/: </069 A3561/@ 0A8 .2/4/528 ;C:./</ 23<8 2/ B8= 6 <3
=8.6A6 E:3= 3A3 3 32A6:E:6A3:/A3 32F8:=/4356D

"/B16@ = 6A876 B856 06 B8:30A6 0; 2/=56:/@ 730/256@ 0<56180A 3 8B:6A/256D

"87/A3 46= 8 580 260A8D ?80A8 0A6 <3 616BA:820B/ C34/ B85/ = 35625/5; 0<85; F:6B<62435; <613B8=
C:.328= @ =3 E:671/.6= 8 7/ E356A6 780A/ <876@ 0<56.6 <876@ 430A6 <876D +87/ 06 E82/0/ B/8
E:8<8723BD #2/ 87:./</ </0 0h0A6= 8A<8:623= 3 E:8<87153<3= D

&= / 580 = 2898 7:;93H 0A</:3 B856 = 8.6A6 2/;43A3D

$/;43A6 7/ 3= /A6 30B;0A<8 0/ E:8= 5625623= 0A/253=/ 0<3560A3@ / 7/ 06 26 80564/A6 7/ 26= /A6
B82A:81;D

K/.<35/A6 A/ 0A/25/ 3 B8:30A3A6 A/ 0A/25/ 7/ E:3B;E3A6 32F8:=/4356@ 7/ E:8=5623A6 = 89;46

<56:85/A280A3@ 7/ 06 B:646A6 2/ B8:378:3= / <:6= 62/ 3 7/ E:8= 35623A6 0<856 <1/0A3A6 .3<8A6D
#27/ 3./753A6 3. 253H 0/ E80A8</256= E:6=/ .2/25; B/B8 7/ 0<858= <8158= B8:30A3A6 A/
E:8=562562/ 0A/25/D

L/7 2/;43A6 8<8@ ;C:./256 46 C3A3 /E081;A28 F628=62/128D L/7 C;76 =2898 0<560280A3 2/
E1/26A3 B856 3=/5; A/B<6 = 89;4280A3@ 435613 26A<8:B B853 8:9/23.;56 3 E:/A3 15;70B; 0<560280A 06
=35625/D +306 626:9356 46 7843 2/ E1/26A; ./A8 0A8 46 A; C3A3 823 B853 =89; 7/ 56 E:3H</A6 3 7:.6D

%</AB8 =8.6 7/ 2/;43 7/ E:3H</A3 3 E80A;56 8<; 626:935;@ ./A8 0A8 82/ =8:/ 7/ C;76
0= 560A62/ ; </0D
'8 56 E8E;A 3.<8:/ 2/FA6D L/B</ C3 C31/ B8:30A 87 3.<8:/ 2/FA6 /B8 0; 2630B8:304623 3 /B8 06
:/03E/5; 2/ 0<6 0A:/26D */B8 = /18@ 826 C3 0/= 8 B:63:/16 26:67D
-13 @ B/7/ <3 78C356A6 G6=1532/ C1/9/ B/8 0A8 0; 3.<8:3 2/FA6 313 3.<8:3 E:3:87289 9/0/ 313 <878E/73
3 B8=C32;56A6 3H 0/ 0<858= <8158=@ <3 B:63:/A6 0<:H; 313 8C13B ;0= 56:/</25/ 626:9356D #27/ 06
823=/ B853 ;0= 56:/</5; 8<6 E:3:8726 :60;:06 626:9356 789/75/ 3.8C3156 3 C89/A0A<8D $/5</.2353
/0E6BA 8<89 4356189 E:8460/ ;0= 56:/</25/ 3 0B1/730A625/ 626:9356 56 7/ 06 <:672;56 G6= 15/ 3
25628 30B;0A<8 E:356 0<69/D
+/= / 56 ; 8<8 78C/ 7/2 567/2 26<56:8</A/2 E:3:8723 :60;:0@ / <3 A:6C/A6 7/ 06 2/ 2569/
E:3B15;43A6 3 7/ 9/ ;0= 56:3A6D '/7/ 46A6 <3 C3A3 <68= / C89/A6 3273<37;6 ; E87:;45; 780A;E280A3 3
8<1/7/</25/D

>2893 87 </0 .616 780A343 <30156 23<86 :6/1280A3 3 80A/A3 A/= 8@ ./C8:/<15/5;43 7/ 56 </0 ./7/A/B
8<756 3 2/ G6=153D
+3 = 8:/A6 2/;43A3 7/ 80A/26A6 ;.6= 15623D
?8A:6C/ 7/ 80A/26A6 ;.6=15623 56 260A8 0A8 =2893 87 </0 26 :/.;=35;D
+3 46A6 ;C:.8 8AB:3A3 7/ /B8 06 E8= 56:3A6 ; <306 3 <306 <3C:/4356 3 /B8 26=/A6 0A</:3 B856 46 </0
E:3.6= 153A3 3 0E853A3 0<56A8<6 ; 56728@ <3 =8.6A6 3=/A3 A60B84/ 0/ 26:<23= 030A6= 8= D

L/7 06 F:6B<62435/ E:8= 5623 3 <306 0<56A1/ 78756 ; A35618@ A3E3428 k15;70B8 <8.318k E843256 7/
E:3=/ =2898 <306 32F8:=/435/D
?826B/7 <3 80564/A6 <613B; 780/7; .3<5643 ; 8<8= 0<356A; 3 .613A6 0/= 8 C3A3 2/ 23<8; E:3=/25/
32F8:= /435/ 3 ./C8:/<3A3 828 0A8 <3 0=/A:/A6 .6= /150B3 .3<8AD
-B8 230A6 ;.6= 15623 <3 2646A6 C3A3 ; 0A/25; 7/ E:3H</A3A6@ 32A69:3:/A6 3 B8:30A3A6 32F8:= /4356D
'8 = 8.6 567280A/<28 E:6E;23A3 </0 0h0A6= 3 <3 2646A6 C3A3 ; 0A/25; 7/ A8 0A8 E:3=/A6
E:6<676A6 3 7/ 80A/26A6 =3:23D

+3 = 8:/A6 C3A3 ; 0A/25; C/1/203:/A3 =2898 0<356A8</ ; 30A8 <:356=6D

L/B8 46A6 8<8 ;:/73A3^
$/=56:8= @ E:/BA3B8</256= 3 871;B8=D

Q.6=15/</256 78.<815/</ 0<56A8<3=/ 7/ 06 0A8E6 3 78.<815/</ </=/ 7/ E:30A;E3A6 = 2893=

0<56A8<3=/D '8 </= 78.<815/</ 7/ 80564/A6 626:96A0B6 A/1/06 3 7/ E:6;0=56:3A6 8<6
626:96A0B6 A/1/06 2/ 828 = 560A8 3 827/ B/7 </= A8 A:6C/ 7/ E80A/26A6 0;E6:H;= /28 C346D

"8C/: 2/432 7/ 06 E:3.6=153A6 5/ 7/ 876A6 2/E8156 3 7/ 05673A6 2/ .6=153D &73A6 3 05673A6 ;

E:3:873D
%A853A6 3 05673A6 E8:67 7:<6A/ 26B8 <:356= 6D %5673A6 2/ 0;24; 3 43A/5A6 B2539; 78B </0 0;246
8C/05/</ 313 373A6 2/ E13</256 313 0A/<3A6 </06 2896 ; <87;D
#<8 0; 616=62A3D #<8 0; 616= 62A3 0A</:/5; .6= 15; A/B8 7/ 3H =8.6A6 80564/A3D

L/7 C;76A6 2/E:678</13 3 B/7 06 </0/ 43561/ E8E;1/435/ E8= 56:3 C13.6 0A/E15/25; 73= 62.35/@ </0
26:<23 0h0A6= 46 = 8:/A3 = 843 E:6<60A3 0<6 8<6 32F8:= /4356 B856 46 E:8=5623A3 </06 0H</A/256
8<89 0<356A/D
#<8 <:356=6 781/.3D ?:8016 987326@ 32F8:=/4356 B856 <3 .2/A6 <64 98732/= / E80A/16 0; 5/<26D

>2898 <306 15;73 B853 230; C313 ./32A6:608</23 ./ C34/ 2/ 7:;93= E1/26A/=/ 313 ./ 13428
2/E:678</256 E80A/13 0; ./32A6:608</23 313 C/:6= 0<56023 8<3H 0A</:3D #23 0; 0<56023 7/ E80A853
:/0A;43 2/E:67/BD
& 7/ 06 260A8 =35625/ ; 0<356A; 26 0/= 8 ; -= 6:343D

%/7/ E80A853 B82F13BA ; 626:935/= /@ B853 <3 = 8.6A6 2/.</A3 313 8B:0/5 313 <613B/ C3AB/D M3AB/ 46
E80A85/A3 ./A8 0A8 56 8<8 C8:C/ 435/ 46 F:6B<62435/ E:6<1/7/A3 0<356A8= 3 AB8 46 E805678</A3@
=/23E;13:/A3 3 8C;4/</A3 </0; F:6B<62435;D

'B8 0A6 <3 B/8 F:6B<62435/ E:6:;062/ ; 15;70B3 8C13B 3 B853 56 </0 0E643F34/2 E80/8 B853 A:6C/ 7/
87:/73A6 ; 8<8 <:356=6^

#7 268EH8726 56 E8A:6C6 7/ .2/A6 AB8 0A6 <3 3 0A/ <3 :/73A6 B/7 A8 :/73A6D

L/B8 <3 E80A/56A6 <306 32A6:73=62.382/123 3 =;1A373= 62.382/123 3 B/B8 06 F:6B<62435/ = 35625/ 3
626:935/ ;C:./</@ </06 A35618 E:81/.3 B:8. 7:/0A3426 E:8= 5626 3 26:<23 030A6= !iE:6280384
32F8:= /435/ =8:/ 0 A3= 6 7/ 3./756 2/ B:/5D

+3 = 8:/A6 7/ 2/;43A6 7/ :;B;56A6 0/ <306 :6/1280A3 ; 30A8 <:356= 6@ 7/ 0H</A3A6 0A8 A8 :/73A6 3 7/
E:6<676 A; 32F8:= /435; E1/26A3 G6=153D
+3 26 C30A6 C313 8<756 7/ 2356 C318 </.28 7/ <3 ;.6= 153A6 32F8:= /4356 3 626:935; ; G6=15;D "/B16@
B/7 987 06 8056A3A6 616BA:3.3:/23 313 2/E;25623 626:9358= @ 0H</A3A6 7/ 0A6 <3 ; E:8= 5625628=
0A/25; 0<3560A3D %H</A3A6 A/B8756 B813B8 =2898 E:8=5625623H 0A/25/ 0<3560A3 E80A856 3 7/ =8:/A6
;0=56:3A3 06C6 7/ C;76A6 E:8<8723B E8E;A <613B89 456<8<87/D

L/7 .2/A6 7/ 0A6 ; E:8=5625628= 0A/25; 0<350A3 3 7/ 0; </= 7/A6 32F8:=/4356@ 626:935/
8.7:/<15625/ 313 ;.73./256 ! E82/0/5A6 06 B/8 456<8<87D
$/E;23A6 06 626:9358= 3 E80A/23A6 0<56023 7/ 0A6 ; = ;1A373=62.382/128= 3.:/.;D K6930A:3:/5A6
A8 /13 26 /2/13.3:/5A6D
%/= 8 78.<813A6 626:9353 7/ 06 F31A:3:/ B:8. </0 ; G6= 15; 3 A8 46 0<6 3=/A3 =2898 <306 0=301/
B/02356D

+3 = 8.6A6 8AB:3A3 </06 6= 84382/128 A35618 A/B8 0A8 46A6 :643 7/ <56:;56A6 7/ 06 6=8435/=/
=8.6 <56:8</A3D &.5/023A6 06 7/ <3 <56:;56A6 7/ 0; 6= 84356 78C:6@ 7/ 0; 039;:26@ 7/ </0 826
=89; 87<60A3 269756@ 7/ 0; 826 87 .2/4/5/ 3 7/ 826 230; 0/= 8 0= 6A25/ 313 3.<8: 260E8:/.;= /D

%</B3 E;A B/7 06 6= 84356 8018C876 ; </= / E89167/5A6 0A/ 826 :/76 ./ </0 313 </=/D L/7 06 <3
0</75/A6 0/ </03= 756A6A8= 3 </06 7356A6 <:30A3 2/ </0 3 E801356 06 80564/A6 1806 3 E1/46A6
E89167/5A6 ; 0<856 6=84356D %A/ 6=84356 :/76 ./ </0^ L/7 987 3= /A6 6= 84382/126 :6/B4356 <3
E:30A;E/A6 32F8:=/435/=/ 87 :/.1343A3H :6/1280A3D ?:82/753A6 A; F:6B<62435; 3 ./7:.3A6 56D

?80A853 ;23<6:./128 <56:8</256 7/ 0; 6=84356 26 =89; B82A:813:/A3D '8 2356 A/428D

+3 = 8.6A6 B82A:813:/A3 6= 84356 3 <3 26 =8:/A6 3.9;C3A3 B82A:81;D
(=84356 =89; C3A3 F:6B<624356 ;2;A/: </0 B:8. B856 <3 80564/A6 7;C32; 3 0:. </069 C34/D

&/B8@ 26AB8 = 8.6 9167/A3 ; </0 3 = 3013A3 7/ 06 0/ </= / 230A/ 26 760/</D '8 26 .2/43 7/ 3H <3
C18B3:/A6@ A8 567280A/<28 .2/43 7/ 0A6 <3 87:67313 2/432 7/ 80564/A6 6= 8435; 3 7/ 06 26 80564/A6
1806 313 78C:8 8B8 A89/ 2698 567280A/<28 7/ 0H</A3A6 7/ <3 A8 80564/A6D
?89167/5A6 0A/ = 8.6A6 ;:/73A3 0/ 6= 84358=D
,756 </0 826 <876^
L853 56 01567643 B8:/B^
K/.7<853A6 06 87 A89 789/75/5/ B853 56 78238 6= 68435;D '8 46 26B3= / 87 </0 E8=843D

'5616028 <56.C/256 46 </= E8=843 7/ 8056A3A6 81/B0/256D

+3 B8:30A3A6 =30346 3 AB3<8 B/8 8B18E 7/ E8B:356 </0 B80A;:D #<8 AB3<8 56 E80A/18 B8= E/BA28 3
7;C8B8 ./B8E/28 3 4;</ 828 0A8 56 ; B80A;:; 7/ 3./756 2/ E8<:032;D
+3 .613A6 7/ 78C356A6 E:30A;E 32F8:=/435/=/ B856 0; ; B80A3= /@ ./A8 0A8 0; B80A3 =560A8 9756 0;
0/4;</26 E:346@ 78B 06 C18B/76 7:.6 ; AB3<;D
+3 = 8:/A6 7/ 376A6 B:8. 0<6 8<6 01856<6 7/ C3 2/013 30A32; ;2;A/: </069 A3561/D

+/0 2/4:A 313 E1/2 .C89 B8569 0A6 78013 2/ 8<; E1/26A; 3 0A8 7/ E80A3926A6 E843256 7/ C;76
2/7:/.62 B/B8 =; 06 E:3C13./</A6D #<8 56 B/8 39:/ B85; 0A6 39:/13 B/8 7564/@ <3 C3 0A6 B:313 260A8
3 B/7 C3 26AB8 780/8 C13.; <3 C30A6 :6B13 OA8E18PD
+/06 A35618 E80A/56 2/7:/.628 B/7 </0 2/4:A E843256 7/ E:6;.3=/ B8= /27; 3 87<676 </0 </2
</069 18934B89 ;= / ; 30B;0A<8D
'8 56 ./A8 0A8 06 <3 E843256A6 E8B1/E/A3 0/ </08= 0<:H8= D
+/06 A35618@ 26 </0 ;= @ ;.3= / ;2;A:/ 32F8:=/4356D
-B8 78.<813A6 </03= 6= 8435/=/ 7/ 3= /5; =2898 018C87235; <1/7/<32;@ <3 46A6 3= /A3 <646
./78<815/</5;46 30B;0A<8 2698 B/7/ B:3A3B;56A6 </06 6= 84356 313 B/7 26 :/.;= 356A6 B:8. 0A8
E:81/.3A6 313 B/7 E8B;0/A6 7/ 3H B82A:813:/A6D

+/= / A:6C/5; </06 6= 84356D>3 26 =8.6= 8 78<81528 A8 7/ 2/91/03= 8D $6B3 87 </0 0; E828023
0A8 26=/5; 6=84356D '8 <306 2646 =843 7/ F;2B43823:/ 56: 46A6 0H</A3A3 7/ 46 </0 828 2/ 0A8
0A6 E828023 N ;230A3A3D

+3 = 8.6A6 80564/A3 7/ 0A6 0/ 0<853= :873A6153= / :/.:3560313 0<6 0A</:3D M318 C3 = 2898 A/42356 :643
7/ 0A6 3= /13 <306 :/.;=356</25/ 2698 0A8 56 C318 =89;46 ; 7/A8 <:356= 6D
L/7 30B;03A6 26B3 <37 A56160289 <56.C/25/ 313 :/7/ 0/ B:30A/13=/ 313 B/7 B:63:/A6 E8=/B B <303=
238<3=/@ <3 46A6 <3756A3 = 2898 45618<3A35; 013B;D
&2F8:= /4356 0; 0/4;</26 3 ./E30/26 ; B/=62;D &2F8:= /4356 0; A/B8756 ./E30/26 ; B80A3= /D '8
56 ./0A8 56 .2/4/528 7/ 06 :/73 2/ B80A;:;@ ./A8 0A8 A8 7:.3 = 289/ </0/ 30B;0A</ A8B8= .3<8A/D
$6B/ 0A</:3 3./75; 2/E8156 3 26 = 8:/A6 B:3A3B8</A3 06C6 0A8 0A6 = 301313 7/ 0A6 ./<:0313 0/ 26B3=
789/75/53=/ ; .3<8A;D K643A6@ O#<8 56 73<28D &=/ 580 = 2898 8<756@ <813= A8Dk
&0B8:30A3A6 8<8 30B;0A<8@ B/8 7/ 8AB:3</A6 :;723B .1/A/@ B/8 7/ 8AB:3</A6 7/ 0A6 <3 E828<8
:875623 B/8 C89/A/0D

%<6 B:8. 0A/ <3 E:81/.3A6 56 828 ./ 0A8 0A6 <3 871;4313 7/ B:8. A8 E:8756A6D
+3 26 .2/A6 B813B8 <3 0A</:3 430A3A6D
+3 8A</:/A6 E;A6<6 0<560280A3 26 0/=8 ./ </0 2698 ./ 43561; E1/26A;D " 8C:/ 0A</: 56 0A8 8<8
0A8 0/7/ 430A3A6 56 1/B03 01;4/5D $6B6 0A</:3 B856 46 7843 E801356 0; = 2898 C3./:2356@ /13 <3 46A6
C3A3 A813B8 30B;023@ 7/ A8 2646 E:/<3A3 26B; :/.13B;D %<6 06 760/</ ; E:/<8 <:356= 6D

%/7/025/ E:8= 562/ 56 6<81;435/ E:315;43</25/ ;2;A/:23H E87/A/B/ ; </250B6 E87/AB6D

J3046256 B856 06 87<35/ 56 E:30A;E/256 0<3= 6= 84382/123= A35613= / 87 B853H 0A6 <3 C313 ;E1/0623
7/ 3H B8:30A3A6D +3 = 8:/A6 E:30A;E3A3 0<8= 6=84382/128= A3561; 7/ C3 E:30A;E313 0E3:3A;/128=D

L/8 0A8 0= 8 :6B13@ =62A/128 3 F3.34B8 A35618 37; :;B; E87 :;B;@ 78B 6= 84382/128 3 0E3:3A;/128
A35618 37; :;B; E87 :;B;D
+3 = 8:/A6 E:30A;E3A3 26F3.34B8= 0<356A; B:8. </06 6= 84356@ ./A8 0A8 56 0E3:3A;/128 A35618
26F3.34B8@ / <3 0A6 ./A<8:623 ; F3.34B85 :6/1280A3D

)5;70B/ C34/ A6.6 A8=6 7/ <816 253H8<6 7:/=6 A813B8 7/ 06 3.9;C6 ; E:8460; E:6:/76D ?:6:/7/
=8.6 E80A/A3 253H8< 2/432 .3<8A/D #<8 2356 B8:3028D
$356 C/0 O4881P 7/ ;<356B E:6:/75;56A6 3 98<8:3A6 15;73= / O$6=85 = 6 .</A3@ 5/ E:6:/75;56=@
7;C8B8 0/= ; =853= 0A</:3= /@ 26 =89; 7/ E:82/756= 3.1/. 3. 8<89/DP
"/@ </0/ 1342/ 7:/= / A:6C/ 7/ 06 30E3A/D "/@ </0/ 1342/ 7:/= / 56 B/8 C/2B6A ./ H:/256256
0/= 89 06C6D
-13@ 5673A6 H:/2; 3 373A6 0/ 0<853= .3<8A8= 3 2/E:/<3A6 06C3 7:;93 C/2B6AD
$6=85A6 06 7:./A3 8<3H 7:/9;15/ </06 E:80180A3 3 C3A3 ;E1/0623 /B8 :/.:35603A6 E:8C16= 6@ <3 827/
2646A6 3=/A3 30A/ 7:;98 ;.C;75;5;46 ; </03= .3<8A3= /DM318 C3 78C:8 E:6:/753</A3 ; =/13=
B8:/43= /D

)5;70B3 A35618 06 :/.<35/ 3 = 35625/D #28 = 8.6 <56:8</A3 7/ 0; =; E8A:6C26 8798</:/5;46

B8= C32/4356 H:/253<3H = /A6:35/ ./A8 0A8 0A6 A/B8 ;4623D
&76/128 C3 C318 7/ ; 8<8= =8= 62A; ./C8:/<3A6 0A8 0A6 ;4313D %1;0/5A6 </06 A35618 3 26B/ </=
</06 A35618 B/.6 0A8 828 .613D
>3 E:6AE80A/<15/=8 7/ 0; = 2893 87 </0 E:8=562313 ;B;0 ./ 0A</:3 B856 <813A6 560A3D +3 06 26
80564/A6 ;98728 7/ 5676A6 0A8 0A6 E:356 5613@ ./A8 0A8 <3C:/4356 87:67:675626 H:/26 230;
B8= E/A3C3126 0/ </=/D

Q =60285 327;0A:353@ B/8 0A8 .2/A6@ B:/<6@ 0<3256 3 .3</7 230; H:/2562/ H:/2/D #23 .3<6 ; =/18=
E:80A8:; 3 =2893 87 253H 23B/7/ 26 <376 0<56A180A 7/2/D
>2893 87 253H 0; 56723 2/ 7:;93= / ./A8 0A8 .3<6 ; = /13= :678<3= / = 6A/123H B;A35/D
'8 56 B/B8 06 826 ;.9/5/5;D
#23 06 H:/26 0A6:8373=/ 3 /2A3C38A343= /D
#23 06 26 ;.9/5/5; 0/ 15;C/<15;D
L/7 3H <876 2/ ;C35/256@ A/B8756 06 26 ;C35/5; 0/ 15;C/<15;D
'/B8 7/ <3 ;.3=/A6 3 E:8C/<15/A6 0<6 8<6 <3C:/4356D

%56A3A6 06 7/ 0<6 0A</:3 E80A856 B/8 <3C:/435/D

G3<8A3256 0; E80A/<15626 2/ E1/26A; 7/ C;7; </03 E:35/A6153@ 7/ .3<6 2/ .6= 153@ 7/ </0 H:/26 3 7/
</= E:;.6 ./0A3A; /B8 56 = 89;46D #<8 56 A:6C/18 7/ C;76 :/75628 0/ 15;C/<15;D
-B8 .3<3A6 2/ F/:= 3 39/53A6 0<856 08E0A<626 E31346 313 0<3256 3 H:/23A6 3H 3 B/7/ 78756 <:356=6 7/
./<:06 .3<8A@ /B8 :/73A6 A8 0/ 15;C/<15; 3 0;80564/256= @ A8 56 ; :67;D
+3 7/A6 B</13A6A .3<8A/ 253= / 3 827/ 06 .3<8A3256 :643B13:/5; 3 7/5; B</13A6A .3<8A/ </=/D
#<8 C3 C318 376/128D #<8 56 C31/ :6/1280A ./ 7;98 <:356= 6 2/ 8<85 E1/26A3D #<8 <306 2356
:6/1280AD

M;73A6 0<56023 <3C:/4356 ;2;A/: 0<3H 0A</:3D

$6B/ </06 A35618 98<8:3 0A8 .613D "8.<813A6 06C3 7/ C;76A6 <81523 7/ 06 = 5625/A6@ ./A8 0A8 46 06
</06 A35618 78B E8B;0/</ 7/ E8<64/ F:6B<62435; 3 9:/73 0<56A18028 A35618 87<853A3 87 87:675626
H:/26D
&.:/.3A6 2/= 56:; 7/ .613A6 7/ E:8=5623A6 </06 E:6H:/=C626 2/<3B6 3 3.:/.3A6 2/=56:; 7/ 0A</:3
7875; </=/D
>3 2/91/0/</= 8 3.28</ 3 3.28</ 7/ 0A6 <3 = 2898 <306 87 F3.34B3H C34/D +3 E80A853A6 ; =2893=
:6/1280A3=/ 3 <3 3= /A6 <613B3 C:85 <8734/D
"/B16@ 0</AB8 87 </0 =8:/ E80A/A3 = 2898 5/02353 ; 0<853= 2/= 56:/= /D #28 0A8 .613A6 ! 30B/.3A6
3 :643A6\ O*/ .613= 7/ 2/E:67;56= @ 5/ .613= 7/ E:8=35623= 2/432 30H:/26D G613= 7/ 3= /= <643
0A6E62 32A;34356DO

M;73A6 *-%$& ; A83= 6 0A/ 2/= 56:/</A6D

K35643\P*- $->*(K-+-> P 3=/5; 268E303<; =84D

&0A323A8 .7:/<156 C3 06 0/0A85/18 87 V` B8= E16A28 =;A3:/23H 3 6<81;3:/23H 0E3:/1/ ;2;A/: </069
A3561/@ B856 C3 /BA3<3:/16 E;2 B/E/43A6A =8.9/D M3A 46 E8A:6C28 <:6= 62/ 7/ 06 0<3H V` 0E3:/1/
B8= E16A28 /BA3<3:/@ 3/B8 826 = 89; C3A3 ;B15;4626D
$6B3 87 </0 3H 80564/5; B/8 ;B15;4626 /13 26 3 /BA3<3:/26D L/7 0; 826 ; /BA3</4353@ 435613 = 8./B
56 ;B15;462 3 <3 0A6 962356D
+3 .2/A6 0<6@ <3 3=/A6 A616E/A35; 3 <3 0A6 <1/023B G3<;46 M3C138A6B6D +3 3= /A6 B/:A; 7/ E:30A;E3A6
C318 B8= A3E; 32F8:=/435/ 0/4;</26 C318 9756 2/ E1/26A3D

-B8 A6.3A6 346= ;@ =3 </0 = 813= 8 7/ E80A/26A6 C60E:356B8:/2 J ;</: ]:6B<624356D ":.3A6 ;2;A/:
06C6 .2/256 3 32F8:=/4356 2/5<6469 :67/@ :67/ C6.9:/234289 C34/D
%A<8:3A6 A; F:6B<62435;@ 7/ C;76 780A;E2/ 0<;7/ 8B8 </0 ! 567280A/<28 .3<5643 56@ 06A/5;43 06
;134/=/@ B;E;5;43 3 87= /:/5;43 06 2/<646: 2/ </03= 5/0A;43= /@ .2/5;43 AB8 0A6 <3D

"843 46 <:356= 6 B/7 2646A6 <306 = 8:/A3 A:/.3A3 32F8:= /4356 </2 06C6D
Q A8 <:356= 6@ = 3 3 7:;93 B/8 =3 46 7843 7/ </0 /BA3<3:/5;@ 7/ </0 0B;E6 ./56728 3 9:;E3:/5; 7/
C3 <3 = 8913 :6F16BA3:/A3 56728 7:;98 3 616BA:8=/926A0B3 2/E/5/A3 56728 7:;98D

L/7 = 3 :/73=8 0/ </= /@ =3 B:63:/= 8 30B:6 0<56A180A3 B856 78.<815/</5; 8A</:/256D

L/7 06 A/ 8A</:/25/ 7606 ;2;A/: </0@ <3 <3C:3:/A6 A/B<8= F:6B<624358=@ 7/ ;A346A6 2/ 0<6 8B818
</0D L/7 987 06 7603 7/ 260A8 OB13B26P 0/ 26B3= 7:;93= 87 </0@ <3 87/0315/A6 F:6B<62435;
:/0E8.2/</25/ 3 7:;93 15;73 56 E8B;E6D
'8 56 B/B8 :/0A6 9:;E23 ;=D
#<8 06 789/75/ C6. </069 :/4382/1289 :/.;=356</25/ 313 E8A:6C6 7/ A8 5/028 0H</A3A6@ ./A8 0A8
06 A8 789/75/ 616BA:8=/926A0B3 ;2;A/: A3561/D
+/0/ 626:935/ :/0A6 ;E:/<8 82813B8 B813B8 <3 = 8.6A6 7/ 3.7:.3A6D

%</AB8 =8:/ /BA3<3:/A3 = ;1A373=62.382/1280A ; 06C3D *67/2 738 06C6 782803 871;B; 3 B/.6\OQ
:67;@ 5/ .613= 7/ 376= ; = ;1A373=62.382/128 30B;0A<8D %A/ 5/ .613= 7/ :/73=^O

?:<8 = 8:/ 7/ 06 0A<8:3 .615/D G615/ 56 0E8.2/5/ B85/ </0 78<873 ; A/5 A:62;A/BD #27/ =8:/A6
871;43A3 0A8 .613A6 0/ A8= .6158=D +& 56 =8.6A6 0;A:/ <64 ./C8:/<3A3D

"/ C3 0A:;BA;:3:/13 A; .615; 3 76=820A:3:/13 7/ 0A6 7830A/ 8.C31523@ ;460A<;5A6 ; 789/75/53=/@

/B435/=/@ :3A;/13= / 3 46:6=8235/=/ B856 46 E8B/./A3 </0; 8.C3152; 2/=56:;D #27/ .3<3A6 2/
A/B/< 2/432 7/ 0/156A6 0392/1 7/ <3 A8 7830A/ .613A6D
#<8 =8.6 C3A3 B/8 .3<;4/ 3 H87/5;4/ = 813A</D J:B</ ;43 15;76 7/ 06 = 816 3 7/ =816 87:675626
M898<6 ./ 828 0A8 823 .616 313 ./ 8E:80A/5D >3 E:671/.6=8 .3<;4; = 813A<;@ 567/2 E:8460 ; B853=
0</B3 </0 A:62;A/B 3=/ .2/46256 3 <873 </0 2/ 8028<; </069 E82/0/25/ 3 </06 B82462A:/4356 2/
828 0A8 .613A6 B 828=6 ./ 0A8 06 =813A6D
G3</ =813A</ ;B15;4;56 <:18 0<5602; 2/= 56:; ; <6.3 E:67=6A/ ; </085 :6/1280A3\ 3= /5;43 81A/:@
3=/5;43 0<6A6 0A</:3 3 26= /5;43 230A/ ; </085 :6/1280A3 0A8 26=/ .2/46256 ./ </0D
>3 .2/= 8 7/ E:3567189 7/ 26=/A6 230A/ ; </085 :6/1280A3 0A8 26=/ .2/46256 ./ </0 0A</:/
.6= 158A:60 ; 26B3=/ 87 </0D -13 B813B8 </0 06 0;84/</ 0/ 0A</:3=/ B856 26 .613A6 ; </03=
.3<8A3=/@ 7/ 13 56 A8 B/E;A B853 56 28062 E801567253H V_ 98732/@ B853 3=/ 26B813B8 :;E/ 87
=815/4/ 30E87 :/= 62/ 313 E/:A26: B89/ 0A6 <87/13 8B818 ./ c_ 98732/ B853 3=/ <306 87 26B813B8
:;E/ 87 = 815/4/D

&./.8< 56 7/ 06 8018C873A6 87 0<69/ ; </06= .3<8A; 0A8 26=/ .2/46256 ./ </0@ 7/@ 8<8 56 87
6062435/126 </.280A3D

?80A/<15/256 81A/:/ 56 78C/: 8B<3: ./ /BA3<3:/256 :3A;/1/D K3A;/1 C;73 461;1/:2; =6= 8:35; 3
E870564/ </0 2/ 0A/:/ ;4625/ B85/ 0; 0/4;</2/ ;2;A/: </0D '8 78<873 A/ ;4625/ ; </0; /BA3<2;
=6=8:35;D
K3A;/1 46 </0 0A/<3A3 ; %-"- 3 87<60A3 </0 3. *("$#, E:803:6289 3 E:87;.6289 %-"- 78
"KQ,#, ;. E80A8</256 /0E6B/A/ >/5B6 G6= 156 B853 3=/5; 13428 .2/46256D +3 B:63:/A6 13428
.2/46256 0/= 3 ./ 06C6D
%<6 0A</:3 E80A/5; 26B8 C346 ./A8 0A8 56 56 26B8 871;438 7/ 3H 626:96A3.3:/D %<6 = 8.6 C3A3
626:96A3.3:/28D

'8 8<303 8 02/.3 3273<37;/1289 ;= / 7/ /BA3<3:/ <815; 3 7/ 56 B8:30A3 7/ A:/20F8:= 3:/ :6/1280AD

$6=/ 23B89/ 2/ E1/26A3 G6=153 ; 8<8 <:356= 6 AB8 2356 E870A/B2;A 3= E;108= 7/ 2/E:67;56D
$3AB8 C6. A89 3= E;10/ 2356 780/8 8<756D
%<3 E8:A/13 B853 0; 06 8A<8:313 3 2/4:A3 B853 0; E80A/<15623 ./ 8<8 <:356=6 C313 0; ;<56A8</23 :/78=
; E:/<4; 0/= 8!=8A3<30/25/@ 0/= 8!6B0E/2.356 3 :/E3726 6<81;4356D

%-> - #+- L$*&,- 56 E:84600 3 /BA3</A8:D L878<3 0; 0/B:3<623 ; 8<85 B253.3D

>3 </0 8H:/C:;56=8 7/ 06 E82/0/A6 ; 0B1/7; 0/ 3=E;103= / B853 </= 0/E;4; ; ;H8 98<8:643\
O+3 0A6 738 #C3A6153 %<56A180A3 3 G6=15/ 56 G3<;4/ M3C138A6B/DP

>3 46= 8 </0 3./.3</A3 3 E8= /9/A3 98<8:643 7/ ./ 8<8 E80A856 = 2896 2/9:/76D

J/B 3 B/7 = 3 26 9/:/2A3:/=8 7/ 46 3./.8< 3B/7/ E:60A/A3@ E80A853 567/2 23<8 2/7= 843 B853 46A6
<3 E80A343D

Q43A6 7/ 43A/A6 03= C816 3 E:/A3A6 3= E;106 78 2/5<6469 = 89;469 ./B15;4B/D

M3A3 = ;1A373=62.382/1/2@ .2/43 8A<8:3A3 B/2/16@ 8B:62;A3 E8.3<6 :/.1343A3= F:6B<62435/= / 3 827/
E:3=3A3 A:/20=3035; .2/25/D

$6=/ 78<81528 :35643 ; A:62;A28= :356423B; 7/ 06 8E30; 80564/53 26F3.34B89 :6/13A6A/D

O%E3:3AP 8 B856= =3 E:34/= 8 8C;H</A/ =2898 3765/D Q C3A3@ 82 06 0<873 2/ 0<6 828 0A8 2356
F3.34B8 313 ;2;A/: A:646 73=62.356D

+3 = 8.6A6 ;E8:673A3 8</5 3./.8< 0/ 0B8B8= 2/ A:/= E8132; 3 0B/B/256= 78 567289 '-L#
<308B89 0B8B/@ 2/B82 B8569 <3 <306 23B/7/ 2646A6 7873:2;A3 A:/= E8132 E828<8D +3 0B/46A6 3
0B/46A6 3 827/ 876A6 ./ .1/A8= B856 46 </0 E801/A3 ; E87:;456 " ;H8<289 %<356A/D
+3 06 A3= 6 26 9;C3A6@ 26 ;230A/</A6 3 </06 =816B;16 230; :/0E:0626D #<8 56 567280A/<28 0B8B
B853 0; 0<3 0A/:3 0/=/23 E:/BA3B8</13 2/ G6=153 3 87:./</13 B/8 E8A62435/123 2/432 E8<6.3</25/
32A613962A23H F8:=3 3 E8=/9/25/ 6<81;4356 15;70B6 :/06D

>;1A373=62.382/1280A 56 ./ 2/0 2/432 .3<8A/D >3 0=8 0H</A313 7/ 56 738 3./.8</ B/8 ;43A615/ 56 7/
E:62606=8 2/0 2/432 .3<8A/ ; 030A6= 6 B853 6<81;3:/5;D
"/ </0 0= 3:3= 8@ A8 56 E:8460 E:6=/ B856= 06 <3 B:646A6@ U;B813B8 06 ; =675;<:6= 62; 26
E8.7:/<3A6 0/ E1/26A8= Z 3/B8 A8 B/B8 46A6 9/ <3 78.3<56A3 ./<303 87 </0 0/= 3HD

>3 .613= 8 7/ <3 876A6 78 :;C/ 13A346@ 7/ 30B8:/B26A6 2/E:3567 3 7/ 0A853A6 ; </.7;H; 30E:67 :;C/
13A346D

>3 .613= 8 7/ <3 C;76A6 A/=8 </23D

>3 .613= 8 7/ <3 E:6E8.2/A6 87= 6A23B/ ; </= /\ 8289 B853 .2/ 3 B853 46 :/.C3A3 2/03:8B8 8<;
:6/1280A 3 ;0E80A/<3A3 567/2 E8AE;28 28<3 8C:/./4 0<560280A3D

#<8 2646 C3A3 ;:/75628 87 567289 0<56A0B89 <8756@ 8<8 46 C3A3 ;:/75628 87 </0 =/08<28@ 56: !
=/06 0; ./ A8 0E:6= 26D

Q 8<8 <:356=6@ J;</:3 %<56A180A3 0; 2/ 8<85 E1/26A3 ; =313823=/D

%<6 0A8 A:6C/A6 56 7/ 6<81;3:/A6 06C6D

+/0 :/7 56 ; 8<8 <:356=6 <68= / 32A6.3<28 E8<6./2 0/ 0/=3= 08C8= @ 0/ </03= F3.34B3= A35618= D

+/06 ;2;A/:256 5/ U%61FZ 78.<815/</ 7/ 39:/A6 8<; 39:; ; 8<8 <:356=6D +813A6 06C6@ E80A;5A6 06@
01/<3A6 06 3 <873A6 C:39; 8 06C3@ 98<8:3A6 78C:8 8 06C3 3 2/= 56:/</5A6 7/ </06 ;2;A/:256 5/
U%61FZ F;2B43823:/ 0/ 8EA3=/123= B/E/43A6A8=D

#<8 56 0<6 0A8 <3 A:6C/A6 :/73A3@ 7/ C3 C313 8A<8:623 ./ E8<6.3</256 0/ +/08= #C3A6153 %<56A180A3D

#27/ C;73A6 0E:6= 23 7/ 0/.2/A6 B89/ 56 %<56A18 <64 0:618@ 0/ B3= 46 </0 %<56A18 ;E8.2/A3 3 AB8
0<6 %<56A18 ./E:/<8 56D

)5;C/< 56 828 0A8 78.3<15/</A6 B/7 876A6 3./ 0<56A180A3D +3 A:6C/A6 0<56A180A@ B856 56 32F8:=/435/@
7/ C3 E:30A;E313 8<85 15;C/<3D
M6. F:6B<624356 32F8:=/4356@ F:6B<62435/ 15;C/<3 56 E89:6028 32A6:E:6A3:/2/D

-B8 F:6B<62435/ 15;C/<3 78756 E:</@ C6. F:6B<624356 0<56A180A3@ <3 =3013A6 7/ 56 15;C/< 3.</2 </0@
;=560A8 7/ 0A6 '# +& %->&D
#27/ :/73A6 828 0A8 0; 15;73 <56B8<3=/ :/7313 2/ 8<85 E1/26A3\ <3 8C8./</A6 3 37813.3:/A6 3 =3013A6
7/ 56 15;C/< $ (,"*( +-$&@ / 26 7/ 56 'Q Q$Q'K-D

>3 0= 8 871;4313 7/ 78756=8 2/ 8<; E1/26A; 3 7/ 7561;56= 8 E:<8 0/ 0<56A18= 32F8:=3:/5;43 </0@
02/.643 </0 3 E8AE/15;5;43 </0 2/4:A ; 0B1/7; 0 32F8:= /435/=/ 0/7:./23= ; 256=;D

%/7/ B/7 0A6 32F8:= 3:/23 3 B/7 :/.;=356A6 0A8 46 06 A8B8= = ;1A373=62382/126 32F;.356 0<56A180A3
760/</A3 0/ </03= 3762A3A6A8= @ <3 46A6 E846A3 78.3<15/</A3 F:6B<62435; 15;C/<3 B85/ 46 78.<813A3
7/ 0<85; 15;C/< E:803:3A6 2/ 7:;96 <6:.356 0<89 = ;1A373=62.382/1289 */ 3 B:63:/A6 =/08<28
8.7:/<156256 0<560280A3 2/ = 2893= 23<83= /D

&0B;0A</ B856 46A6 <3 3=/A3 ; 8<3= :6/13A6A3= / /BA3<280A3 = 89; C3A3 5/B8 02/.2/D
#23 46 </0 E:8= 35623A3 268E303<8 3 <3 46A6 H87/A3 ;2/8B818 0/ 0= 3560B8= 87 ;H/ 78 ;H/
7:;93= / 3 7:;93 46 06 E3A/A3\0A8 06 A8 0 </= / 789/75/^

+3 46A6 06 8</B8 80564/A3 ./A8 0A8 46A6 C3A3 ; F:6B<624353 6B0A/.6D +3 46A6 C3A3 ; <3C:/4353
E8<6./280A3 3 0</AB8 3 0<6 0A8 C;76A6 E:3<1/4313 06C3 46 C3A3 738 A6 <3C:/4356D
%<6 0A8 2356 ; :6.82/24353 0/ 8<8= F:6B<624358= 2646 = 843 7843 23 C13.; </0D
G/E:/<8@ B/7 <3 <3C:3:/A6 2/ <30153= F:6B<62435/= /@ 0<6 0A8 2356 ; A3= F:6B<62435/=/ </0 2646
4/B 23 <3756A3D

L/7 <3 8E6:3:/A6 ; F:6B<624353 32F8:=/435/ 0E85623H 0/ B:6/4358= 3 15;C/<3@ <3 46A6 C3A3
E80A/<15623 7/ :/73A6 N 7/ 03:3A6 A; F:6B<62435; ! 26 7/ <3 A8 :/73A6 ./ 7:;96@ 2698
78.<815/</5;43 7:;93= / 7/ 80564/5; </0; F:6B<62435; B/7 7875; ; B82A/BA 0/ </= /D

+3 0<3 0A6 87 26E:8456253<6 <:3567280A3@ .2/A6 13 A8^

#23 87 </0 B853 8<1/7/5; 8<3= 0A</:3=/@ / 26=/ :/.189/ 7/ <3 0<3 26 8<1/7/A6@ C346 <:18 A:/.623
8<3H 7/2/D

+3 46A6 C3A3 9167/23 B/8 0;E6:38:28 C346D M318 B/B8 C318@ 26 :/73 06 8 A8= 6 7/ 06 <3 87<853A6 87
80A/AB/ E8E;1/4356D +/06 56 = 560A8 ; E8E;1/4353 3 7/ 3H ;43A6 3 7/ 3= E8B/.6A6 B/B8 3 823 =89;
;4323A3 30A; 0A</:D

]:6B<624356 06 A:6C/5; 7/A3 018C8728 3 A:6C/5; C3A3 735615626 018C8728 A/B8 7/ 0</AB8 8AB:356 ./
06C6 0A8 =8.6D

'8 56 2/432 2/ B853 46 8</ E1/26A/ 6<81;3:/A3D

4(%5-657& ::88 ! ,/1/BA34B3 ?13= 23 +/1 %<56A180A3

%<560280A 06 C;73 =675; = /0/=/ 2/ 8<85 E1/26A3D %;= / 0<3H 789/75/5/ B853 06 ;C:./</5; 3
:/.<35/5; 06 ;13</ ; 0</435; :6/1280AD #<3 789/75/53 0; B8:7323:/23 3 73./523:/23 7/ </0 B816BA3<28
78<67;@ B/8 <:0A; 78 8<6 28<6 8BA/<6 3.:/./</25/ 0<56A180A3D

#</ 32F;.35/ 9/1/BA34B89 </1/ 0<56A180A3 781/.3 3. C;7;4280A3 B:8. E8:A/16 B853 8A</:/A6 2/ G6= 153
/B8 E:/A3A6 3 E82606A6 06C6 E;A8</256= 3 E:348= B85; 0=8 = 3 E8735613 0/ </= /D
>/06 06 C;76D
+3 <373A6 253H 8B8 </0 3 80564/A6 C;B; 3 9:= 156256 0<560280A3@ ;2;A:/025/ G6=15/ 06 = 35625/@ 0A8
46 ;30A32; 8.2/43A3 8A</:/256 E:81/./ ./ 43561; 43<313./435;D

%/ 89:8= 28= E87:0B8= 87 0A:/26 2/03H ;43A615/@ =3 0= 8 E:6.62A3:/13 32F8:= /4356 8<85 E1/26A3
./ B856 =3 80564/= 8 7/ ;0B1/75;5; 2/06 2/=56:6 3 ;567325/</5; 2/06 626:9356D >3 80564/= 8 7/
0= 8 =3 ; 8<8= <:6= 62; 7/13 5/02; E8:;B;@ 320E3:/A3<2; E8:;B; B85/ 2803 </18<6 30A326D

'8 56 E8:;B/ 7/ 3./.8<6@ 7/ E:8C;73 3 E8.8<6 738 %6C6 B853 56 0B:3<62 3 B853 56 16./8 ;0E/</2D
>3 80564/=8 7/ 56 =/A6:3/1 B853 0=8 E873561313 0/ </=/ B:8. 8<; B2539;@ 7/ E:8C;73 ; </=/ 828
0A8 <3 <64 .2/A6D #2 56 A; 7/ </= 782606 0H</A/256 8 :/.1343A3= <6:.35/=/ </06 31;.8:26
:6/1280A3 B85/ </= 56 E:87/A/ 3 7/ 0H</A3A6 B85/ </0/ ;189/ ; A8= 6 = 8.6 C3A3D

>3 0= 8 0A3= ;13:/13 0</B89/ 87 </0 0/ E:8<8B/A3<23= E8:;B/= / ./ :/.=3015/256D

$/0/ 2/=56:/ 56 C31/ 7/ E8=56:3=8 0</B89/ 87 </0 3. = 560A/@ / 26 7/ 06 80564/A6 1806D

+3 = 8.6A6 06C6 78<60A3 ; 26;98728 0A/256@ = 3 </0 E87:./</= 8 7/ 2/756A6 ;A56H;D

>3 </0 A/B8756 E87:./</=8 7/ 06 E8E26A6 26B813B8 E1/2320B3H 23<8/ 0<560280A3 ;2;A/: 06C6@
7/ 876A6 2/ 28<8 = 560A8 ;A56H6 3 7/ E:82/756A6 781326 <56426 =1/780A3@ <56426 <3A/1280A3 3
26E:60A/289 3.:/./</25/ B:6/A3<280A3D '/= 8 46A6 <3 2/43 28<6 <373B6 0<560280A3 3 9/1/BA34B3 +/1
%<56A180A3 3. C;7;4280A3D $/0/ 56 2/= 56:/ ; E:6280625; 8<6 F32/126 E8:;B6 ; E891/<15; ``@
F32/128= E891/<15;@ 7/ 30B8:30A3= 8 <3C:/435; C:85/ ``@ B15;4289 C:85/D

#</5 C:85 56 E8<6./2 0/ ;A30B3</256= 3 E:62806256= ; 8<; <6:.35; F3.34B6 :6/1280A3 567289
B15;4289 ;4625/ ! E8:;B6 B85/ 0/7:.3 5672; 03F:;D
?8:;B/ 2356 0/=8 ; 2/432; 2/ B853 0; :35643 E8<6./26 ./56728\ A; 0; 01856<3 32F8:= /435/ 0B:3<623
; 0;0A/<; 3 :/.8AB:3</25; 8<6 B25396D
&7656 0; E:6.62A3:/26@ 5/<15/5; 06 B82F13BA3@ E:6718.62/ 0; :560625/ 3 320E3:/435/ E:8C35/ 0<85 E;A@
<87643 </0 ;<356B 78 B:/5256 E:67/280A3 7/ 320E3:306A6 06C6D

>3 80564/=8 7/ 46A6 <3 3= /A3 B8:30A3 87 8<6 8:B60A:/4356 B856 0= 8 =3 ;.:8B8</13 3./ B;130/D
?80A853 E:84600 :/.;=356</25/ B853 8</ B2539/ E:6.62A;56D '/= 8 9756 3.9167/ 7/ 56 C38 B/80 3
B82F;.35/ 3 A/=8 9756 3.9167/ 7/ 0; 06 0A</:3 :/0;16@ A8 :/0;18 56 0A<8:318 0<85 <1/0A3A3 :67D
#</5 :67 56 0;= 3:/2 ; 8<85 B82/4285 E8:;43 E87 C:856= ``D

Q 8<85 F32/1285 E8:;43 =3 98<8:3=8 7;0/= / 3 0:43= / 0</B89/ 87 </0D

>3 87 </0 A:/.3= 8 7/ 4;56A6 E8.3<@ 7/ 9/ E:6E8.2/A6 3 7/ 30B8:/43A6 2/E:3567 B/8 41/2 #C3A6153
%<56A180A3D &=/5A6 02/96 ; 0<3= 7/23= / B853 .3<3A6 2/ 8<85 E1/26A3 7/ .3<3A6 A; 0<56A180A 3 7/ 56
E8735613A6 0/ 0<3= / B856 0;0:646A6D

#<8 26 .2/43 7/ E:8E8<3567/A6 313 E:87/56A6 A; 0<56A180AD

'8 .2/43 7/ .3<3A6 %<56A180A ./ B85; .2/A6 7/ <3 560A6@ 7/ 8AB:356A6 ; 567280A/<280A3 0<89 C34/
0<:H; </06 69.30A624356@ 7/ 06 :/04<56A/A6 0 A3= 3 E:6!./0/73A6 8<8 = 560A8 B856 56 ?1/26A/
G6=15/ ; 25698<8= 2/57;C156= <:6=62; E:3561/./D

?:8460 E8=56:/25/ ; <306 8BA/<6 :/.;=356</25/ !i8<8 E8<6.3</256 73= 62.35/ 3 B:63:/256 28<3H
A6:3A8:35/ 46 <873A3 0</B89 B:8. 28<8 0H</A/256 0=:A3D
+/0/ 0<56A180A 46 C3A3 A:/.62/D
+/0/ 0<56A180A E:670A/<15/ 828 0A8 <3 .2/A6D

#</ B2539/ 3=/ =2898 2/432/@ B:8. 73./52 3 B:8. B878<6 B856 <3 230A6 = 8913 E:6E8.2/A3@ 7/ </0
E87056A3 ; 8<3= F32/123= 0A:/234/= / 7/ <3 .2/A6 A8 0<6 8 46=; = 3 98<8:3= 8 3 7/ 56 A8 0<6
;2;A/: </0D

%/7 56 <:356=6 ./ </0 7/ E8735613A6 8AB:34/ 3 4;7/ F;2B43823:/25/ 8<89 kF3.34B89 <8.31/k@ </069
A3561/ ; 8<3= <:6=623=/ E:8=562/ 3 E:3561/./ B856 ;B15;4;5; 0= :A 0<356A/ B/B<89 <3 .2/A6D ,756
987 56 0=:A@ A/=8 56 ;<356B 3 :8756256@ 260A8 ;= :6@ 260A8 28<8 06 :873D

"8B 06 8</ E1/26A/ E8= 56:/ C13.6 A3= 7/23= / <613B3H E:8= 562/@ 0</AB8 87 </0 46 C3A3 E8.</2
7/ C;76 3 7/ 06 78B/.6 B/8 0A;E 0<56A180A3D
+3 46A6 E8B/./A3 E;A ; <:356= 6 B/7 15;73 C;7; 84/523 ./A8 0A8 0A/:3 2/4323 <306 230; :5606256@ 823
06 <306 26 ;B1/E/5; 3 26 8798</:/5;D >3 0= 8 0;96:30/13 ; 8<85 B253.3 7/ 0<56A180A 782803 780A/
8<89 B/80/ 2/ E1/26A3D "/B16@ A8B8= A3H <:6= 62/@ </03 A/162A3 46 C3A3 E8A:6C23D

+3 26 =8.6A6 7/ C56.3A6 3 7/ 06 0/B:356A6@ <3 0A6 E8A:6C23 7/ 06 E:8C356A6 B:8. 7:;0A<8 3 7/

78260A6 /1A6:2/A3<26 2/4326 E80A85/25/D
+3 0A6 E8A:6C23 7/ E8735613A6 0<85/ ;<56:625/ ; B:63:/25; :6/1280A3 </03= =3013= / 3 7/ E8B/.6A6
7:;93= / B/B8 8<8 :/73 B:8. 3.135643</256 3 B:63:/256 28<3H 376/1/ 43<313./435/ 3 B88E6:/435/D

L/B8 7/23 E842; 7/ 06 :/.= 8A/</5;@ 8C5/<3A3 46 06 0A/:/ E:8:84/20A</@ B/8 7/ E80A/5; .3</D
#</ 0A/:/ E:8:84/20A</ C346 =2898 :/.28C85235/ 3 3= /46 253H8<6 <1/0A3A6 <6:.356 B/7 C;7; ;4313
8<; E1/26A; 253H8<6 2/5<646 16B4356D

L/B8 6<81;3:/A6@ <3 46A6 2803A3 7/156 A8 0A8 .2/A6@ <3 46A6 A8 735613A3 3 .3<56A3 A8D
+3 E80A/56A6 <643 $803A615 313 <643 &.:/. %<56A1/D
L:8. 8</5 E:84600@ <3 46A6 <3756A3@ 7/ 46A6 ; 26B813B8 01567643H 98732/ <3 C3A3 B/A/E;1A3:/23
C:.328= <648= 87 C:.326 0<56A1/ 0/ A3= 0A8 <3 .2/A6D
>89;4280A3@ A/162A3 3 32F8:= /4356 B856 46 7843 78 </0 0; 567280A/<28 ;2;A/: </0D

>3 46= 8 </0 E87056A3A3 7/ E80A853 ,/1/BA34B3 E13=23 +/1 %<56A180A3 3. C;7;4280A3 B853 781/.3 B
</085 E1/26A3 3 7/ 46 06 8<8 ;B:0A/</256 80564/A3 =/08<28 ; 987323 VWWcD M346 B/8 7/ 43561/
E1/26A/ 3=/ 567280A:/23 E8:/0A 0<560280A3D

+/1 A:6C/ 7/ C;76 939/2A0B3 7/ C3 75618</8 2/ 0<6 = /06 B856 0; ./B15;4/26 ; B82A:813
F:6B<624356D

+3@ #C3A615 %<56A180A3@ B853 0A6 8<756 ; =313823= /@ B853 0A</:/A6 =560A8 ; </03= A35613=/ ./ 8</5
9/1/BA34B3 </1@ <3 46A6 8= 89;43A3 7/ 06 0<56A180A E:8C356 B:8. E:<3 0185 0<56A180289 A3561/
=/08<28 ./ 0<6D %<56A18028 A35618 56 A35618 B856 7:.3 B8= E16A2; A:/20F8:=/435; ./ <:0A6D #28 46
C3A3 ; = 89;4280A3 7/ 8:9/23.;56 :6/1280A3 B:8. E8= 56:/256 0<560280A3 ;. 2/= 56:; 87 567289
E89167/ 78 7:;989@ E8E;A 8B:6A/25/ 0A/234/ 2/ A616<3.8:;D
%<56A18028 A35618 46 0/7:./</A3 0<6 8<6 B873:/26 32F8:= /4356 3 C3A3 ; 0A/25; 7/ 0<6 8<6 B873:/26
32F8:= /4356 E:6<676 <8158= D#28 46 B8= ;2343:/A3 ;2;A/: 73=62.356 3 32A6:73=62.382/128D
%56A3A6 06@ = /A6:35/ 56 567280A/<28 0<56A180A B85/ 56 ./:8C1562/D

L/B8 9:/73A6 0<856 0<56A18028 A35618@ <3 78.<815/</A6 7/ 06 = 816B;1/:2/ 0A:;BA;:/ :68:9/23.;56 3
7/ 06 8018C876 0E826 B856 </0 7:.6 ./ 87:675626 /0E6BA6 = /A6:35/1280A3 A/B8 7/ </06 7;H8<28
:/.;=35/</256 =8.6 C3A3 <306 ; 0B1/7; 0/ </03= 0</B8726<23= .3<8A8=D

&.9:/725/ 0<56A180289 A3561/ 56 8= 89;4/</256 =/256 ./:8C15626 =/A6:356 7/ 06 =/23F60A3:/ 3

78.<813 0<56A1; B856 56 018C872356 ; 3.:/./</25; 3 A:/.625; 0<89 <1/0A3A89 3.<8:/@ 7/ E80A/26A6
B8 <3 560A6 ; 0A</:3@ A/B8 7/ 230A6 E:6<306 4<:0A3D

L/7 E873926A6 0<85 23<8 <3C:/435/@ <3 E80A/56A6 0<56A18028 A35618D +3 46A6 C;B</128 E:3= 56A3A3
E:8=5626 ; A3561;D
+/06 A35618 46 E80A/A3 <3A/12356@ =1/756@ <306 H:/25628 ; </06= <1/0A3A8= C34; 3 76F323A3<28
E:84608: <613B89 C:85/ 32F8:= /435/D ?80A/46 0;E6:!C346D , :/756256 0<56A180289 A3561/ ;B15;4;56
E80A/5/256 0;E6:!C34/D

?8=56:/256 A:/5/25/ 0A/234289 A3561/ B:8. E8= 1/753</256 3 E:87;.3</256 461350B89 .3<8A/ 06
E828<8 <:/4/ ; =87;D
#<8 56 738 B:63:/25/ 0<56A180289 A3561/@ A3561/ B853 2356 A/B8 9;0A8@ B856 2356 0/=8!;230A/</5;46@
B856 06 0/= 8 0A</:/ 3 B856 06 0/=8 E;23D '8 56 828 ./ 43=6 <3 A6.3A6D +3 C30A6 C313 </06
0<56A18028 A35618 3 <3 C30A6 A8 80564/13@ 7/ </0 18934B3 Q= 2356 A813B8 ./C:32;A 8B8 A89/ 7/ 13 56 A8
=89;46 3 7/ </= 7:;0A<8 26 98<8:3 7/ 56 A8 26= 89;46D

>3 26 =8.6= 8 78<81528 7/ 2/91/03=8 7/ <3 A:6C/ 7/ E:60A/26A6 01;0/A3 7:;0A<8D

#<8 46 C3A3 5672/ 87 2/5A6.3H 0A</:3 ./ </0 7/ ;:/73A6 3 567/2 87 </03H 2/5<643H E:35618= / B853
46A6 80A</:3A3D +3 3= /A6 </06 7:;0A<628 *- 3 </06 7;H8<28 *- 3 <3 = 8:/A6 871;43A3 B853 56 ./ </0
0<6A353D
L853 56 ./ </0 3.<8: /;A8:3A6A/^
"8.<813A6 7/ </06 32A;3A3<28 */ E80A/26 </0 /;A8:3A6AD
"8.<813A6 0<8= 32A;3A3<28= *- 7/ C;76 ./0A/<234/: ./ </06 30B;0A<8@ 30B;0A<8 B856 23AB8 7:;93
2646 435623A3D
+/06 30;0A<8 E8A346 87 ./7/AB/ ./ B8569 .2/A6@ 3/B8 9/ 06 26 0564/A6 ;<356BD

-B8 E:30A;E3A6 E:6= / 0<6=; 0A8 .2/A6 0/ 0A/<8= 7/ E80A853 M8./20B3 :67 3 M8./20B3 0= 30/8@
C6. 7/ +-% (98 A8 ;<356B :/.;= 356@ <3 46A6 06 E8=56:/A3 B:8. :6/1280A3 <:18 C:.8D

M346 780A/ :/.1343A3H 2/432/ ./ 80564/256 8<89 9/1/BA34B89 </1/ 0<56A180A3D

"6F323A3<28@ 82 46 B/A/E;1A3:/A3 0</B89/ ; <64; <6:.35; 253H8<3H 2/5<643H =89;4280A3D
#<8@ 56 2/:/<28 3.C8: 0</B6 808C6D

$/06 F32/126 :35643 ;B15;4;5; ./H</1280A 0</B8=6 87 </0 B853 E:6E8.2/ 3.<8: 0<56A180A3 B853 56
738 </069 3762A3A6A/ 3 B853 </0 56 2/<68 7/ E:843A/A6 8<; B2539; 3 7/ 0135673A6 A3H3 0/E/A B853
87.</25/ 23. .1/A26 0E3:/16 B:8. B8:378:6 </069 <1/0A3A89 C34/D

>3 </0 E80A;56=8@ = 3 </0 E8.2/56=8 3 435623= 8 </0; <:3567280A 3 =3 0= 8 8<756 7/ </=
E8=8926=8D

>3 0= 8 0<3 8<756 B/8 #C3A615 %<56A180A3 7/ 782606= 8 A/5 3.C8: 3 A; 018C87; 7/ 2/E:67;5;
E828<8 2/ 8<85 E1/26A3@ 7/ 3H 78<676= 8 2/ 8<8 =560A8 9756 46 05/A3 B/8 738 G3<6 M3C138A6B6@
B/8 5672/ 28</ G<356.7/@ 28</ %<56A180A 2/ H8:3.82A; = 2893H 0<56023H 80564/523H 0<56A8</D

>3 46B/=8 ; C;7;4280A3 7/ </0/ E:80180A 0:6A26 3 E:6035646 2/0; 0/7/02580A 3 7/ E873926
43A/<8 ?80A85/256 2/ 5672; 28<; 8BA/<;@ 78 2/5<646 8BA/<6 ?80A85/25/D

$/06 56 <613B8 ./78<8150A<8 7/ ; 8<8= E:8460; 3= /=8 </0; E8=84 D

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