!

"
# "$ %

& ' " ($

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

- . , / "$
#
# +
0 ' / "$ (
& (
& (
& # (
& # ((
& ))
1 2 3 " / !
( # " !
( # "
( " )
( $ (
( # "
(& (
(( %
4 2 * 5

# " "' (
 &
&
# $ - " &
6 2 / &)
) " $ &)
5 !
7 72 $ " *
# ' "$ %

./01230456 3.768/ 93:;38<37=9/- :3.;83 3>=:2=1- .3:.6 0/: ?;6</: ./=: 83.62/: 6.3461 /
:38 <60@3<=9/ <6. 6 06.3 93 ./01230456 ;68 A6B2/ 96 :?<1B6 % 0/ 186;/ 3028/B- C102/.3023
<6. 6 :18D=.3026 96 8 - E1/096 :18D=8/. 6: ;8=.3=86: 2?<0=<6: 3. .602/D3. 3
/::=:2F0<=/
./ 9/: ;8=.3=8/: /4G3: E13 ;6938H/.6: <@/./8 93 9 :; 8 < I J6= 93:30A6BA=9/
;3B6: =<K=0D:- E13 93;309=/. 96 3:2/96 6;38/<=60/B 93 :31: 7/8<6: ;/8/ 672383. :1<3::6 3.
:1/: =0<18:G3: ./8H2=./: /8/ 2/026- ;6::1H/. 3. :1/: /B93=/:- 0/ :</09=0LA=/- 1./ :?8=3 93
9=E13:- 6093 6: 7/8<6: M93 /2? 2603B/9/:N 38/. ;6:26: / :3<6 3 83;/8/96: <6. J388/.302/:
3:;3<=/=: /6 8326806 9/ A=/D3.
6. / .3</0=O/456 9/ =09P:28=/- E13 ./8<61 / Q 83A6B1456 =091:28=/B- / ./01230456 J6=
=0230:=J=</9/- ;68?.- 056 ;/::/096 /=09/- 93 .386: <60:3826:
./01230456 23A3 61286 =0<83.3026 <6. / Q 83A6B1456 =091:28=/B- ./8</9/ ;3B/ B=0@/ 93
.602/D3.- 6093 / ;8691456 ;86D8/./9/ =.;39=/ /: ;/8/9/: J83ER3023: ;/8/ 83;/86: 6A6:
.?2696: J68/. =028691O=96:
2? 3::3 .6.3026- <60:=938/096 / ;8=.3=8/ D38/456 9/ ./01230456 2=A3.6:S
- E1=;/.3026: :=.;B3:- :1;389=.30:=60/96:- <60J=LA3=: 3 93 JL<=B 83;/8/456
/01230456 3>3<12/9/ :6.3023 /;T: / E1378/ # = > ?@ 6.61 <68;6 /6 B60D6 9/ 3A6B1456
091:28=/B 3 J=8.61 :3 <6.6 03<3::=9/93 /7:6B12/- 0/ 3D109/ 1388/ 109=/B 6 ;8=0<H;=6 9/
83<60:281456 ;T: D1388/- 0DB/2388/- B3./0@/- 2LB=/ 3 ;8=0<=;/B.3023 6 /;56 /B=<384/8/. :31
93:3.;30@6 =091:28=/B 0/: 7/:3: 9/ 30D30@/8=/ 3 ./01230456
8 A :; 8 < BC 931 :3- ;8=0<=;/B.3023- <6. / &D
8 E E13 <1B.=061 <6. 6 93:30A6BA=.3026 23<06BTD=<6 /<3B38/96 3 / 03<3::=9/93 93 :3
./0238 2196 J10<=60/096 ;38J3=2/.3023- 6093 / E1/02=9/93 3 / E1/B=9/93 96: 3E1=;/.3026:
7?B=<6: 38/. J109/.302/=: ;/8/ / A=2T8=/ 93:3C/9/
: 3J3=26: 9/ D1388/ ;1938/. :38 :302=96: .1=26: /06: 93;6=: <6. 1./ 06A/ 6893. .109=/B E13
;693 :38 </8/<238=O/9/ ;68S
- B3A/96 <60:1.6 U /1.3026 9/ ;8691456
- LE1=0/: ./=: <6.;B3>/:
- 1:26: 3B3A/96:
/=: </8/<238H:2=</: D38/8/. <60:3ERF0<=/: <6.6S
- /=68 ;836<1;/456 <6. /: J/B@/: 3 ;/8/9/: 93 ;8691456 =A > > ?
- A6B1456 96: ;86<39=.3026: /9.=0=:28/2=A6: # :=:23./: 93 ;B/03C/.3026- 68D/0=O/456 3
<60286B3 D38/B 9/ ./01230456
::/ J/:3 J=<61 9306.=0/9/ <6.6 &D 8 :; :; 3 A=D6861 /2? =0H<=6 96: /06: (!
;/82=8 93 .3/96: 96: /06: (!- 06A/: ;3:E1=:/:- 06A/: 2?<0=</: 3 3>;3<2/2=A/: <8=/8/. / )D
8 :; :; @
>=DF0<=/: <6.6S ;86912=A=9/93- E1/B=9/93- :3D18/04/- 8391456 93 <18:6: 3 .3=6 /.7=3023-
=0230:/ <60<688F0<=/- 6: ;8/O6: 93 30283D/ 96: ;869126: ;/::/8/. / :38 83B3A/023: ;/8/ 269/: /:
3.;83:/:- 2680/096 / ./01230456 =0383023 /6 ;86<3::6 ;86912=A6 6A/: 2?<0=</: 93 ./01230456
3 D3830<=/.3026 9/ ./01230456 J68/. =028691O=9/: ;/8/ E13 :3 67230@/ ./=68 9=:;60=7=B=9/93 3
<60J=/7=B=9/93 96: 3E1=;/.3026:
6. =::6- :18D=1 / .62=A/456 ;/8/ :3 ;83A30=8 <6028/ /: J/B@/: 93 .LE1=0/: 3 3E1=;/.3026: ::/
.62=A/456 931 68=D3. V ./01230456 ;83A302=A/
. :1./- 06: PB2=.6: A=023 /06: L E13 23. @/A=96 ;836<1;/456 93 2?<0=<6: 3 3.;83:L8=6: ;/8/ 6
93:30A6BA=.3026 93 2?<0=</: 3:;3<HJ=</: ;/8/ .3B@68/8 6 <6.;B3>6 :=:23./ F G HI G
>: @
 3J=0=456 9/ /01230456S
8 7" -+0& ' J :; :K > E
A > ; E I
A A L C :; I @ :; A C :;
@
/8/ J/<=B=2/8 6 302309=.3026 9/ 68./ ;693.6: 30230938 ./01230456 <6.6 6 <60C1026 93
<1=9/96: 2?<0=<6: =09=:;30:LA3=: /6 J10<=60/.3026 83D1B/8 3 ;38./03023 93 .LE1=0/:-
3E1=;/.3026:- J388/.302/: 3 =0:2/B/4G3: ::3: <1=9/96: 30A6BA3. / <60:38A/456- / /93E1/456- /
83:2/18/456- / :17:2=21=456 3 / ;83A30456 68 3>3.;B6- E1/096 ./023.6: /: 30D830/D30:
B178=J=</9/:- 3:2/.6: <60:38A/096 /: 3 3:2=A38.6: 832=J=</096 1./ .3:/ 93 93:3.;306-
3:2/83.6: 83:2/18/096 / 3 3:2=A38.6: 286</096 6 ;B1D13 93 1. </76 3B?28=<6- 3:2/83.6:
:17:2=21=096 6
3 .696 D38/B- / ./01230456 3. 1./ 3.;83:/ 23. <6.6 67C32=A6:S ./0238 3E1=;/.3026: 3
.LE1=0/: 3. <609=4G3: 93 ;B306 J10<=60/.3026 ;/8/ D/8/02=8 / ;8691456 068./B 3 / E1/B=9/93 96:
;869126:W ;83A30=8 ;86ALA3=: J/B@/: 61 E1378/: 96: 3B3.3026: 9/: .LE1=0/:
B</04/8 3::3: 67C32=A6: 83E138 ./01230456 9=L8=/ 3. :38A=46: 93 862=0/ 3 93 83;/86: ;38=T9=<6:
;86D8/./96:
./01230456 =93/B 93 1./ .LE1=0/ ? / E13 ;38.=23 /B2/ 9=:;60=7=B=9/93 ;/8/ / ;8691456 918/023
2696 6 23.;6 E13 3B/ 3:2=A38 3. :38A=46 3 / 1. <1:26 /93E1/96

/73B/
/ 2
, X X ' ) ! X )&! X ) !
) !
:2LD=6 /01230456 /01230456 /01230456 96 /01230456 86912=A/
60<3=26: 68832=A/ 83A302=A/ =:23./ 93 62/B M N
8691456
3;/86 68832=A6
5 5 5 5
3:256 3<Y0=</
5 5 5
9/ /01230456
/012304G3:
5 5 5
83A302=A/:
=:56 =:23.L2=</
5 5
/01230456
5 5
68832=A/ <6.
=0<68;68/456 93
3B@68=/:
83A30456 93
5 5
/01230456
/01230456
5
839=2=A/
7689/D3.
5
/82=<=;/2=A/
/01230456
5
12Z06./

: :38A=46: 93 862=0/ <60:2/. 93 =0:;3456 3 A38=J=</456 9/: <609=4G3: 2?<0=</: 9/: 10=9/93: 9/:
.LE1=0/: 9323<456 3 / =9302=J=</456 93 ;3E1306: 93J3=26: 96: 3B3.3026: 9/: .LE1=0/:- /
A38=J=</456 96: :=:23./: 93 B178=J=</456 3 / <60:2/2/456 93 J/B@/: 93 /C1:23: :56 3>3.;B6: 96:
:38A=46: 9/ ./01230456 93 862=0/ 930286 9/ ./01230456
83:;60:/7=B=9/93 ;3B6: :38A=46: 93 862=0/ 056 ? :6.3023 96 ;3::6/B 9/ ./01230456- ./:
2/.7?. 93 2696: 6: 6;38/9683: 93 .LE1=0/: /B=3023.6: E13 @L- 2/.7?.- ./01230456 93
3.38DF0<=/ 61 <68832=A/- E13 :38L 3:219/9/ B6D6 /9=/023
: :38A=46: ;38=T9=<6: 93 ./01230456 <60:=:23. 93 AL8=6: ;86<39=.3026: E13 A=:/. ./0238 /
.LE1=0/ 3 6: 3E1=;/.3026: 3. ;38J3=26 3:2/96 93 J10<=60/.3026 ::3: ;86<39=.3026: 30A6BA3.
AL8=/: 6;38/4G3:- <6.6S
60=268/8 /: ;/823: 9/ .LE1=0/ :1C3=2/: / ./=683: 93:D/:23:W
C1:2/8 61 286</8 <6.;603023: 3. ;38H696: ;8393238.=0/96:W
>/.3 96: <6.;603023: /023: 96 2?8.=06 93 :1/: D/8/02=/:W
3;B/03C/8- :3 03<3::L8=6- 6 ;86D8/./ 93 ;83A30456W
3:2/8 6: <6.;603023: 3B?28=<6:- 32<
: :38A=46: ;38=T9=<6: 93 ./01230456 ;693. :38 J3=26: 918/023 ;/8/9/: B60D/: 9/: .LE1=0/: ;68
.62=A6: 93 E1378/ 93 ;34/: M6 E13 93A3 :38 3A=2/96N 61 6128/: J/B@/:- 61 918/023 6 ;B/03C/.3026
93 06A6 :38A=46 61- /=09/- 06 @68L8=6 93 .19/04/ 93 21806
: ;/8/9/: ;86D8/./9/: A=:/. / 93:.602/D3. <6.;B32/ 9/ .LE1=0/ ;/8/ 3>/.3 93 :1/: ;/823: 3
<60C1026: : ;/823: 9/0=J=</9/:- /;T: 3>/.3- :56 23:2/9/: ;/8/ /::3D18/8 / E1/B=9/93 3>=D=9/
3. :31 93:3.;30@6
3;/86: 056 ;86D8/./96: 2/.7?. 6<6883. 3 3:256 =0:38=96: 0/ </23D68=/ <60@3<=9/ ;3B6 06.3 93
./01230456 <68832=A/ 68 3>3.;B6- :3 1./ J18/93=8/ 93 7/0</9/ 3:2=A38 3. J10<=60/.3026 3 /
<6883=/ ;/82=8- 3B/ 93A38L :38 :17:2=21H9/ 93 =.39=/26- ;/8/ E13 / .LE1=0/ 056 J=E13 ;/8/9/
/<6.;/0@/.3026 3 6 83D=:286 96 3:2/96 9/ .LE1=0/- 73. <6.6 96: 83;/86: J3=26:- :56 J/2683:
=.;682/023:- 3. E1/BE138 ;86D8/./ 93 ./01230456

/8/ 1. .3B@68 302309=.3026 9/ ./01230456 ? 03<3::L8=6 E13 /BD10: 238.6: 3 93J=0=4G3:

3:23C/. 73. <B/8/:S

C :K JH 8 9 8 8 M :; @ = C 7
7" -+0&G6+?
+1/BE138 ;/823- <6.;603023- 9=:;6:=2=A6- :17:=:23./- 10=9/93 J10<=60/B-
3E1=;/.3026 61 :=:23./ E13 ;6::/ :38 <60:=938/96 =09=A=91/B.3023W
* +1/BE138 93:A=6 93 1./ </8/<238H:2=</ 93 1. =23. 3. 83B/456 /6: :31:
83E1=:=26:W
* 2F ?8.=06 9/ </;/<=9/93 93 1. =23. 93:3.;30@/8 / J10456 83E138=9/
, :2/96 93 1. =23. </8/<238=O/96 ;3B/ =0</;/<=9/93 93 93:3.;30@/8 :1/ J10456
83E138=9/W
, 7 2 /;/<=9/93 93 1. =23. 3:2/8 3. <609=4G3: 93 3>3<12/8 1./ <382/
J10456 3. 1. 9/96 =0:2/023 61 918/023 1. =0238A/B6 23.;6 93238.=0/96- B3A/096 :3 3.
<602/ 6: /:;3<26: <6.7=0/96: 93 :1/ <60J=/7=B=9/93- ./0230/7=B=9/93 3 :1;6823 93
./01230456- :1;6096 E13 6: 83<18:6: 3>23806: 83E138=96: 3:23C/. /::3D18/96:W
* 7 2 /;/<=9/93 93 1. =23. 93:3.;30@/8 1./ J10456 83E138=9/ :67
<609=4G3: 3:;3<HJ=</:- 918/023 1. 9/96 =0238A/B6 93 23.;6W
7 2 /;/<=9/93 93 1. =23. :38 ./02=96 61 83<6B6</96 3. <609=4G3:
93 3>3<12/8 :1/: J104G3: 83E138=9/:- :67 <609=4G3: 93 1:6 3:;3<=J=</9/:- E1/096 /
./01230456 ? 3>3<12/9/ :67 <609=4G3: 93238.=0/9/: 3 .39=/023 ;86<39=.3026: 3 .3=6:
;83:<8=26:

2 $2

7 ::6<=/456 8/:=B3=8/ 93 68./: ?<0=</:

7" ::6<=/456 8/:=B3=8/ 93 /01230456
7 ::6<=/456 8/:=B3=8/ 93 60:1B2683: 93 0D30@/8=/
&
 30286 /;=>/7/ 93 93:30A6BA=.3026 32/B.3<Y0=<6
. 2 30286 93 382=J=</456 9/ 56 93 78/ :;3<=/B=O/96 96: 32683: 3<Y0=<6 3
B?28=<6
, 6.=::56 02380/ ;/8/ 83A30456 93 <=93023:
=LB6D6 =8326 93 3D18/04/
, E1=;/.3026 93 8623456 09=A=91/B
, 0D=0338=0D- 86<183.302 /09 60:281<2=60 6028/26 ;3B6 E1/B 1./ 3.;83:/ /::1.3 /
83:;60:/7=B=9/93 ;3B6: :38A=46: 93 30D30@/8=/- J6803<=.3026 93 ./238=/=: 3 <60:281456
* $/=B183 693 /09 JJ3<2 0/B[:=: 0LB=:3 96 696 3 J3=26 9/ $/B@/
, ?2696 93 0LB=:3 3 6B1456 93 867B3./:
8D/0=O/456 109=/B 93 /P93
, 86D8/./ 93 60286B3 ?9=<6 93 /P93 <1;/<=60/B
,, B/03C/.3026- 86D8/./456 3 60286B3 9/ /01230456
,," 86D8/./ 93 83A30456 <6028/ =:<6: .7=302/=:
,, 38.=::56 /8/ 8/7/B@6
" * 662 /1:3 $/=B183 0/B[:=: 0LB=:3 9/ /1:/ /=O 9/ $/B@/
" 3B=/7=B=2[ 3023839 /=0230/0<3 M /01230456 3028/9/ 0/ 60J=/7=B=9/93N
=09=</26 9/ 09P:28=/ 93 60:281456 =A=B
2 =09=</26 96: 8/7/B@/9683: 9/: 09P:28=/: 32/BP8D=</:- 3<Y0=</: 3 /238=/B
B?28=<6
, ;3<=/B 18;6:3 6.;/0[ M 6<=39/93 93 86;T:=26 :;3<HJ=<6N ? / <60J=D18/456 B3D/B
./=: <6.1.3023 12=B=O/9/ 3. 1./ :6<=39/93 <6.38<=/B <60:2=21H9/ ;/8/ /78=D/8 1.
3.;83309=.3026- ;68 :3 <60:2=21=8 3. 3>=DF0<=/ ;68 ;/823 9/: =0:2=21=4G3: J=0/0<=/968/:
96 ;86C326 M:56 3.;83:/: J68./B.3023 <60:2=21H9/: ;/8/ / 3>3<1456 3:;3<=J=</ 9/E13B3
3.;83309=.3026- <6. ;38:60/B=9/93 C18H9=</ ;8T;8=/- :3096 6: ;/8<3=86: :31: :T<=6: 61
/<=60=:2/:N
, 3./0/ 02380/ 93 83A30456 93 <=93023: 96 8/7/B@6
7* 3.;6 ?9=6 0283 $/B@/:
, /01230456 86912=A/ 62/B
" ' 3.;6 ?9=6 0283 3;/86:

2/83J/ ;8=0<=;/B 9/ 68D/0=O/456 9/ ./01230456 ? /::6<=/8 83<18:6: M@1./06:- 23<06BTD=<6:-

:6783::/B3023:- J388/.302/:- =0J68./4G3:N ;/8/ / 3>3<1456 9/: :1/: /2=A=9/93:- 93:2/ J68./- 6
67C32=A6 9/ ./01230456- :3D1096 \ 3BB[- ?S
1:2302/8 / <1:26 262/B .H0=.6- / ;B/02/ ;/8/ E13 / </;/<=9/93 93 ;8691456 93:3C/9/- 3.
E1/02=9/93 3 E1/B=9/93 93 :/H9/- ;6::/ :38 /2=0D=9/
6. 6 67C32=A6 93 /B</04/8 =:26- / 68D/0=O/456 ;83<=:/ :38 ;86C32/9/ ;/8/ E13 / ;38J68./0<3 9/:
3E1=;3: M3. J10456 9/ :1/ 12=B=O/456 3 .62=A/456W 9=:;60=7=B=9/93 3 :6783::/B3023:- J388/.302/:
3 =0J68./456W 3 3J=<=F0<=/ 96 ;B/06 93 28/7/B@6N :3C/ ./>=.=O/9/ ;86C326 93 1./ 68D/0=O/456
9/ ./01230456- 302832/026- 30A6BA3 .1=2/: 93<=:G3: =0238 83B/<=60/9/: M6093 :3 B6</B=O/8L /
J684/ 93 28/7/B@6W <6.6 3:230938 / JB3>=7=B=9/93 9/ 3E1=;3W / E13. :3 93:2=0/8L /
83:;60:/7=B=9/93 9/ =0J68./456 9/ ./01230456 3 96: :6783::/B3023:N- </9/ 93<=:56 :38L
=0JB130<=/9/ ;68 .1=26: 61286: J/2683: :2/: 93<=:G3: :3856 <B/::=J=</9/:- 93 /<6896 <6. 6:
;8=0<=;/=: 3B3.3026: 9/ 68D/0=O/456 B=:2/96: / :3D1=8S
:281218/ 93 83<18:6:S B6</B=O/456- 2/./0@6- J10456 3 B6DH:2=</ 96: 83<18:6: 93
./01230456- ;8=0<=;/B.3023 / J684/ 93 28/7/B@6W
:281218/ /9.=0=:28/2=A/S / 93J=0=456 9/: 83:;60:/7=B=9/93: D3830<=/=: 3 =0238 83B/<=60/=:W
B/06 93 28/7/B@6 / B60D6 3 <1826 ;8/O6 3 6 <60286B3 9/: /2=A=9/93:S <1:26 9/ ./01230456-
32<

8 < :;
X =.;682/023 30230938 <6.6 / =0238 83B/456 96: 3B3.3026: ;38.=23 / 68D/0=O/456 J10<=60/8
68D/0=O/456 269/ ? .1=26 ./=68 E13 6 :6./2T8=6 9/: :1/: ;/823: 3B3.302/83: 93A=96 / :=038D=/
(
\ 3BB[ /;83:302/ 1./ J68./ 93 A=:1/B=O/8 =:26- /28/A?: 9/ ;=8Y.=93 # 3<18:6: 9/ :281218/ # 3 6
D3830<=/.3026 E13 ;38.=23 =:26 :6783A=A38 # :281218/ 9.=0=:28/2=A/ 69/: 3:2/: ;6:=4G3: 0/
3:281218/ 2F. 6 :31 ;/;3B ;B/03C/.3026 9/: /2=A=9/93: ;693 :38 83;83:302/96 <6.6 1./
=0J68./456 3 1. :=:23./ 93 26./9/ 93 93<=:56 J10<=60/096 /28/A?: 9/ 3:281218/

6 ;86C326 61 0/ .69=J=</456 9/ 68D/0=O/456 9/ ./01230456 ? 03<3::L8=6 30230938 E13 / </8D/

93 28/7/B@6 23. 1./ ./=68 =0JB1F0<=/ 06 83<18:6 9/ 3:281218/- E13 ;68 :1/ A3O- =0JB130<=/ 6:
:=:23./: 3 / 3:281218/ /9.=0=:28/2=A/ :2/ =0JB1F0<=/ =02380/ M96 0HA3B 6;38/<=60/B ;/8/ 6
D3830<=/BN 06 ;86C326 9/ 68D/0=O/456 J83ER3023.3023 ? /<6.;/0@/96 ;68 =0JB1F0<=/: 3>2380/: M96
0HA3B D3830<=/B ;/8/ 6 6;38/<=60/BN- D3830<=/.3026 93 83<18:6: @1./06:- 30A6BA3096 AL8=6:
;867B3./: <6.6 / =023D8/456 ./01230456 # 6;38/456- /96456 93 2=.3: /126 # D3830<=LA3=:- 32<
PB2=.6 ;6026 =0286912T8=6 ? E13 / 68D/0=O/456 93A3 :38 9=0Y.=</- 3 ;/8/ =::6 ;83<=:/ 3:2/8
:=0260=O/96 <6. /: .19/04/: M=02380/: 3 3>2380/:N 96 <30L8=6 /9/ .19/04/ ;693 :38 1./
83A6B1456 61- 0/ ./=68=/ 96: </:6:- 1./ 3A6B1456

L A 8 < :;
93<=:56 9/ 3:<6B@/ 30283 1. 2=;6 61 61286 ? 3A=93023- 3. J10456 9/: <609=4G3: 6;38/<=60/=:-
/9.=0=:28/2=A/: 3 9/ <60<3;456 JH:=</ 93 </9/ 3.;83:/ 3 E13 :56 262/B.3023 ;/82=<1B/83:-
9=A38D=096 /2? 30283 91/: 3.;83:/: ]=8.5:I 93 1. .3:.6 D81;6 J=0/0<3=86
3 1./ ./03=8/ D38/B- /: ;3E130/: 3.;83:/: M9606 V J83023 93 2196N 6 2=;6 93 68D/0=O/456 9/
./01230456 ./=: 1:/9/ ? / <3028/B=O/9/ : .?9=/: 3.;83:/: 12=B=O/. / <3028/B=O/9/ 61 / .=:2/
93 /<6896 <6. 6 B/[ 612 J/78=B : D8/093: 3.;83:/: /962/. / 3:281218/ 93:<3028/B=O/9/ 61
.=:2/- 2/.7?. 3. J10456 9/ :1/ <60<3;456 JH:=</
:3D1=8- 932/B@/83.6: 6: 2=;6: 3 /: J68./: 93 68D/0=O/4G3: 3. E13 / ./01230456 ;693 3:2/8
=0:38=9/S

3028/B=O/9/
3:<3028/B=O/9/
=:2/
68 238<3=86:

#@+@# ' <

69/: /: /2=A=9/93: 93 ./01230456 :56 3>3<12/9/: ;68 1. T8D56 <3028/B /12Z06.6 3. :1/
3:;3<=/B=9/93- 262/B.3023 =093;3093023 9/: 10=9/93: 93 ;8691456 68D/0=O/456 3 <60286B3 :56
<3028/B=O/96:- /::=. <6.6 /: 6J=<=0/:- 93;T:=26:- /B.6>/8=J/96:- 32< : 83<18:6: @1./06: :56
/D81;/96: ;68 3:;3<=/B=9/93 /23093096 /: :6B=<=2/4G3: 93 269/: /: L83/: 93 ;8691456
 S
2=.=O/456 96: 83<18:6:- 3E1=;/.3026:- J388/.302/: 3 ;3::6/BW
/=68 JB3>=7=B=9/93 06 83./03C/.3026 93 .56 93 678/- 3. </:6: 93 3.38DF0<=/ 61 93
D8/093: 678/: ;86B60D/9/:W
$/<=B=2/ / =.;B/02/456 3 D3830<=/.3026 93 .?2696: 93 68D/0=O/456 9/ ./01230456
M;B/03C/.3026- ;86D8/./: 93 E1/B=9/93- <60J=/7=B=9/93- 30283 61286:NW
60286B3 3 /1.3026 2?<0=<6 /9.=0=:28/2=A6 ./=: 10=J68.3 3 =.39=/26- <6. .3B@68
<60286B3 9/: 93:;3:/:W
:26E13 93 ;34/: :6783::/B3023: ./=: 8391O=96W
/=68 ;86J=::=60/B=O/456 3 3:;3<=/B=O/456 <6. 6 ;3::6/B ;693096 <60@3<38 2696: 6:
3E1=;/.3026: 9/: 9=A38:/: L83/: 93 ;8691456

S
=.=01= 6 30286:/.3026 30283 ;8691456 3 ./01230456- 9=J=<1B2/096 / <6.10=</456W
/=68 9=:2/0<=/.3026 30283 / 6J=<=0/ 3 6 B6</B 93 =0238A30456W
/=68 23.;6 ;/8/ 93:B6</.3026 93 ;3::6/B- J388/.302/:- 3E1=;/.3026:- 32<W
L ./=68 9=J=<1B9/93 ;/8/ 6 /2309=.3026 =.39=/26 3. 269/: /: L83/: 93 ;8691456-
9=J=<1B2/096 6 3:2/73B3<=.3026 93 ;8=68=9/93: M;8=0<=;/B.3023 0/: D8/093: 3.;83:/N

#@+@& <
/9/ L83/ 93 ;8691456 ;6::1= :1/ 3E1=;3 93 ./01230456 9=832/.3023 :17689=0/9/ /6 <@3J3
=.39=/26 93 ;8691456 9/ ;8T;8=/ L83/- ./023096 <609=4G3: ;8T;8=/: 93 68D/0=O/456 3 <60286B3
69/ L83/ ;6::1= :1/ .=0= 6J=<=0/- J388/.302/:- 93;T:=26- /B.6>/8=J/96- 32<

S
6.10=</456 30283 ./01230456 3 ;8691456 ./=: 3J=<=3023- .3B@68/096 6
30286:/.3026W
E1=;3: <60@3<3096 .3B@68 6: 3E1=;/.3026: 9/ L83/W
/;=93O 3 JB3>=7=B=9/93 06 /2309=.3026W
"6</B=O/456 =93/B 96 D81;6 93 ./01230456 3. 83B/456 V L83/ 93 /21/456

S
/=68 3J32=A6 93 ;3::6/B 93 ./01230456 03<3::L8=6W

)
 3<3::=9/93: 93 1. ./=68 0P.386 93 3:;3<=/B=:2/: 61 ;6B=3:;3<=/B=:2/: M.3<Y0=</ ^
3B?28=</ ^ @=98L1B=</ ^ =0:281.302/456- 32< NW
/=68 E1/02=9/93 93 J388/.302/:- =0:281.3026: 3 3E1=;/.3026:W
=J=<1B9/93 93 83./03C/.3026 93 ;3::6/B- 3. </:6: 93 3.38DF0<=/ 61 D8/093: 678/:
;86D8/./9/: M9=JH<=B <668930/456 30283 /: L83/:N 61 /=09/- :38A=46: 3. L83/ 93
=0238J38F0<=/W
' 83/: :6783</883D/9/: 3 6128/: 6<=6:/:W
60286B3 3 68=302/456 2?<0=<6 /9.=0=:28/2=A/ ./=: 9=JH<=B 3 056 10=J68.3 30283 /:
L83/:- D38/096 9=J=<1B9/93 0/ =.;B/02/456 3 3>3<1456 93 .?2696: D38/=: 3 06A/:
2?<0=</: D3830<=/=:W
60286B3 9/: 93:;3:/: 93 ./01230456 ./=: 9=JH<=B- ;693096 :38 <60J109=96: <6. /: 93
;8691456

#@+@) '
8D/0=O/456 3 <60286B3 <3028/B=O/96:- <6. /D81;/.3026: 3:;3<HJ=<6: 93 ./01230456- 9=:28=71H96:
;3B/: L83/: 93 ;8691456- :3.- <602196 3:2/83. :17689=0/96: 9=832/.3023 /6 <@3J3 93 ;8691456
9/ L83/ : T8D56: 93 /;6=6 <6.6 93;T:=26:- /B.6>/8=J/96- 6J=<=0/- J388/.302/8=/- 32< :56
<3028/B=O/96:- 3>=:2=096 0/: L83/: ;3E130/: 6J=<=0/: ;/8/ ;3E1306: 3 8L;=96: 83;/86:

L 1./ :6./2T8=/ 93 A/02/D30: 3 93:A/02/D30: A=:2/: 06 :=:23./ <3028/B=O/96 3 93:<3028/B=O/96-

;68?. <6. /BD1./: .3B@68=/:
: ;867B3./: 83B/<=60/96: V J/B2/ 93 30286:/.3026 30283 /: L83/: 93 ;8691456 3 ./01230456 :56
.30683:
: 3E1=;3: 93 L83/ 3>3<12/. 6: :38A=46: 93 862=0/- J=</096 6: :38A=46: ./=: 3:;3<=/B=O/96: 3 93
D8/093 ;6823 83/B=O/96: ;3B/ 3E1=;3 <3028/B
: 3E1=;3: 93 L83/ 3:256 B=D/9/: @=38/8E1=</.3023 V ;8691456- ;68?. 23096 /: 68=302/4G3:
2?<0=</: 3 D3830<=/=: 83;/::/9/: ;3B/ <@3J=/ <3028/B 93 ./01230456 M<668930/9683:-
30D30@3=86:N

#@+@+ ' ,
: /2=A=9/93: 93 ./01230456 :56 3>3<12/9/:- 262/B 61 ;/8<=/B.3023- ;68 J=8./: 3>2380/:
<6028/2/9/:

S
38A=46: 3:;3<=/B=O/96:- 056 <602H016: <6.6 / ./01230456 93 3E1=;/.3026: 93
<60286B3 3 .39=456- 8/9=6D8/J=/ =091:28=/B- 8L9=6 <6.10=</4G3:- .602/D30: .3<Y0=</:
3 3B?28=</:- J109/4G3: <=A=:- 32<- E13 3>=D3. / 12=B=O/456 93 /;/83B@6: 3 =0:281.3026:
3:;3<=/=: M</86:N ? ./=: A/02/C6:/ / <6028/2/456 93 J=8./: 3>2380/:W
!
 =.=013. <60:=938/A3B.3023 6: <1:26: <6. /9.=0=:28/456 93 ;3::6/BW
/8/02=/ 96: :38A=46: <6028/2/96: ;68 1. ;38H696 93238.=0/96 /;T: 3>3<1456 96:
.3:.6:W
3B@68 /;86A3=2/.3026 93 .56 93 678/ ;8T;8=/ 3. :38A=46: E13 A=:/. .3B@68=/:
6;38/<=60/=:W
391456 96: <1:26: <6. / 9=.=01=456 96 3J32=A6 ;8T;8=6- 2/=: <6.6S 28/0:;6823-
/B=.302/456- /::=:2F0<=/ .?9=</- 283=0/.3026- 83:<=:G3: <6028/21/=:- J?8=/:- /7606:-
32<
S
60286B3 3 68=302/456 2?<0=<6 /9.=0=:28/2=A6 ./=: 9=JH<=B- CL E13 6 D81;6 /9=<=60/B
3>23806 056 ;6::1= / .3:./ .62=A/456 E13 6 =023806W
./01230456 93 1. D81;6 /9=<=60/B 3>23806 ;693 :38 /02=3<60Z.=<6 :3 /
;86D8/./456 9/: /2=A=9/93: 056 <6023.;B/8 / 262/B=9/93 9/ .56 93 678/ 9=:;60HA3B

#@-@# ' I A
/8/ E1/BE138 0HA3B 93 68D/0=O/456 9/ ./01230456 3. 1./ 3.;83:/ 6 3::30<=/B ? 1. 76. </9/:286
D38/B 96: 3E1=;/.3026: <6. 9/96: =.;682/023: :6783 2/=:- 93A=9/.3023 /;602/96: 3. J=<@L8=6
;8T;8=6
/8/ 1./ .=<86 3.;83:/ E13 3>38<3 /;30/: / ./01230456 <68832=A/- 3 E13 ;6::1= ;61<6:
3E1=;/.3026:- 2696: B6</B=O/96: 3. 1. .3:.6 /.7=3023- 6 </9/:286 96: 3E1=;/.3026:
/<6.;/0@/96 93 1. 83B/2T8=6 <6. 6 @=:2T8=<6 93 =0238A304G3: 93 ./01230456 CL ? :1J=<=3023-
;68?.- 0/ .39=9/ 96 /1.3026 96 ;6823 9/: 3.;83:/:- 61286: <6.;B=</9683: /;/83<3856- 2/=:
<6.6S 0P.386 ./=68 93 3E1=;/.3026: M=0<B1:=A3 83;32=96:N- L83/: 93 ;8691456 M3>S J109=456-
1:=0/D3.- /</7/.3026- <60286B3 93 E1/B=9/93- 3.7/B/D3.- 32< N- ./=68 0P.386 93 3J32=A6: 93
./01230456- ;8396.=0Y0<=/ 9/ ./01230456 ;83A302=A/- 30283 61286:- 3:23: 93238.=0/856
9=J383023: 0HA3=: 93 68D/0=O/456 9/ ./01230456- ;6=:- /2? / B6</B=O/456 93 1. 93238.=0/96 =23.
:3 2680/ 9=JH<=B
3>3<1456 9/ ./01230456 93 J68./ ;83A302=A/ 3>=D3 ;86D8/./456- E13 3:2/73B3<38L 6 E13
J/O38- E1/096 J/O38- <6.6 J/O38 1. 93238.=0/96 :38A=46 93 ./01230456 61 /=09/ 1./ =0:;3456
::/: =0J68./4G3: 28/.=2/. ;68 1. :=:23./ 93 J=<@/: E13 93A3. :38 <6.;/<2/:- 93 JL<=B
302309=.3026 3 ;8330<@=.3026 ;3B6 3>3<1268 96 :38A=46

#@-@& ' C :;
X / /28=71=456 93 <T9=D6: 01.?8=<6:- /BJ/7?2=<6: 61 /BJ/01.?8=<6: / </9/ 1. 96: 3B3.3026:
<60:2=21=023: 93 1. </9/:286 M10=9/93 =091:28=/B- :3268- 3E1=;/.3026- ;6823 96 3E1=;/.3026- 32< N
93 2/B J68./ E13 /D81;/96: <60A30=3023.3023- :17:2=213. <6. A/02/D30: 6: 06.3: 68=D=0/=: 93
1. =23. 3 :31: <60:2=21=023:
>3.;B6 93 1. =23. 3 :1/ B6</B=O/456S
6B/.3026 & ! "/96 9/ J83023 96 3=>6 96 .6268 3B?28=<6 93 /<=60/.3026 96 3=>6 ;682/
J388/.302/ 3 .3:/ ;682/ ;34/ 9/ D38/968/ 93 30D830/D30: 96 2=;6 830Y0=/ B6</B=O/9/ 06 :3268 93
J83:/D3. 96 <18:6 93 .3<Y0=</ 96
38=/ .1=26 ./=: JL<=B 12=B=O/8 1. <T9=D6 ;/8/ 83J38F0<=/ /6 =23. .30<=60/96- <6. A/02/D30: 06
;8330<@=.3026 9/: J=<@/: 93 =0:;3456- 83B/2T8=6:- 68930: 93 :38A=46- ;39=96: 93 <6.;8/- 32< -
23096 :1/ 93<69=J=</456 6;68210/

#@-@) ' 8 I A
/8/ 3J3=26 93 <6883B/456 9/: ;6:=4G3: 6;38/<=60/=: 96: 3E1=;/.3026: <6. 6: 83:;3<2=A6:
83D=:286: @=:2T8=<6:- ? <6.1.- / 12=B=O/456 96 <60<3=26 93 + -
<6.;6:26 93 AL8=/: ;/823:- E13 :38L =9302=J=</96 <6.6 ]<?B1B/:I- 3 /::6<=/ </9/ E1=;/.3026 /6:
=:23./: ;38/<=60/B 3 86912=A6 /6: E1/=: 3:2L B=D/96- 3023093096 :3 ;68 =:23./ 86912=A6 /
3:2/456- ;B/02/- JL78=</ 61 E1/BE138 61286 2=;6 93 =0:2/B/456 =091:28=/B 61 93 :38A=46:- 3 ;68
=:23./ ;38/<=60/B- 61 <60C1026 93 3E1=;/.3026: E13 83/B=O/. 1./ J10456 93 1./ =0:2/B/456
A3021/B.3023- 3. J10456 9/: </8/<238H:2=</: 96 :=:23./ ;86912=A6- 6 <T9=D6 93 3E1=;/.3026:
;693 </8/<238=O/8 2/.7?. 6: :17:=:23./:- ;/8/ 6: =:23./: ;38/<=60/=: 93 D8/093 ;6823 3
6.;603023: 93 /BD10: 93 :31: 3E1=;/.3026: ;8=68=2L8=6:- E1/096 :3 93:3C/8 =:6B/8 6 @=:2T8=<6
93::3: <6.;603023: 96: 83:;3<2=A6: 3E1=;/.3026:
/8/ /: =0:2/B/4G3: E13 6<1;/. A/:2/ L83/- 6 <T9=D6 ;693 2/.7?. <60238- 3. 1./ 93 :1/: <?B1B/:-
/ "6</B=O/456 $H:=</ 96 3E1=;/.3026 3. 83B/456 /6 =:23./ ;38/<=60/B 61 :1/ 6:=456 36D8LJ=</
0/ L83/ 93 ;8691456
J=D18/ / :3D1=8 =B1:28/ 1. 3>3.;B6 93 <T9=D6 93 3E1=;/.3026:- <6. /: </8/<238H:2=</: /<=./
/::=0/B/9/:- <6.;6:26 93 :323 <?B1B/: <6. <8=2?8=6 .=:26 93 =9302=J=</456- 1./ A3O E13 /BD1./:
<?B1B/: 1:/. :=:23./ 01.?8=<6 93 =9302=J=</456- 6128/: /BJ/7?2=<6- 6128/: /BJ/01.?8=<6

B?. 96 T9=D6 93 E1=;/.3026 ;693856 :38 /28=71H96: <T9=D6: ;/8/ <6.;603023: M;34/: 93
83;6:=456N- <T9=D6 ;/8/ ./01230456- 32< <6.6 3>3.;B6S
T9=D6 93 /A/8=/: 09=</ / 68=D3. 61 / </1:/ 9/ /A/8=/ M3:;3<=J=</456 388/9/- .602/D3.
=0<68832/- 93:/B=0@/.3026- <1826 <=8<1=26- 93:D/:23- 81;218/- 93J68./456- 32< N
T9=D6 93 :38A=46 =09=</ 6 2=;6 93 :38A=46 M286</ 93 86B/.3026- :6B9/D3.- 286</ 93 8391268-
32< N
693 :3- /=09/ /28=71=8 <T9=D6: ;/8/S ;8=68=9/93 93 :38A=46 M3.38DF0<=/- 18D3023- 068./BN </1:/
96 :38A=46 M/A/8=/ 068./B- /068./B- <60:281456- .19/04/:- /B238/4G3:- 32< N- 0/2183O/ 96 :38A=46
M/<=93023 93 6;38/456- 056 ;86D8/./96- ;86D8/./96 21806 / 21806- 83;/86 ;38=T9=<6- 32< N
=:/096 ;38.=2=8 1./ :3ERF0<=/ @=38L8E1=</ 96 <T9=D6 96 3E1=;/.3026- E13 ;6::=7=B=23 / 67230456
3 83B/2T8=6: 3. 9=A38:6: 0HA3=: D3830<=/=:- 83<6.309/.6: E13 230@/ / :3D1=023 <6.;6:=456S
N =:23./ 86912=A6
N =:23./ ;38/<=60/B
N E1=;/.3026
N B/::3
7:38A/ :3 E13 03::/ :3ERF0<=/ =0<B1H.6: / " 96 3E1=;/.3026 06 T9=D6- E13 =8L =09=</8
:1/ =.;682Y0<=/ 6;38/<=60/B 06 ;86<3::6 ;86912=A6 =9302=J=</456 9/: " J/<=B=2/ 6
3:2/73B3<=.3026 93 ;8=68=9/93: 93 3>3<1456 9/ ./01230456 3 :38A3 <6.6 83J38F0<=/ V /0LB=:3 93
B=:2/D30: @=:2T8=</:- ;6=: / =0<=9F0<=/ 93 6<688F0<=/: 3. 3E1=;/.3026: <6. ./=68 D8/1 93
<B/::=J=</456- 93A38L 83<3738 /230456 3:;3<=/B 96 /0/B=:2/ 93 <60286B3 3 9/ :1;38A=:56 93
3>3<1456 93 ./01230456 3. 83B/456 /6: 93 .3068 <B/::=J=</456- ;693096 :38A=8 2/.7?. <6.6
3B3.3026 68=302/2=A6 93 J68./2/456 93 83B/2T8=6: ;/8/ /0LB=:3 93 6<688F0<=/: 68 3::/ 8/O56 ?
83<6.309LA3B 3A=2/8 6 93:.3.78/.3026 3><3::=A6 9/: " - A=:/096 J/<=B=2/8 / :3B3456
/0/BH2=</ 96: 83:1B2/96: MB=:2/D30: 61 23B/:N 3- <6.6 :1D3:2G3: :56 /;83:302/9/: /: :3D1=023:
</8/<238=O/4G3:S
' E1=;/.3026 <1C/ ;/8/9/ =023886.;3 6 ;86<3::6 ;86912=A6 3 ;68 3:2/ 8/O56 :1/
;86D8/./456 93 ./01230456 ;83A302=A/ 93A3 :38 8=D686:/.3023 <1.;8=9/
7 ' E1=;/.3026 E13 ;/82=<=;/ 96 ;86<3::6 ;86912=A6- ;68?. :1/ ;/8/9/ ;68 /BD1. 23.;6
056 =023886.;3 / ;8691456 3 /::=.- :1/ ;86D8/./456 93 ./01230456 ;83A302=A/ 93A3 :38
3>3<12/9/ 930286 93 1./ 93238.=0/9/ J/=>/ 93 23.;6
' E1=;/.3026 E13 056 =0238J383 06 ;86<3::6 ;86912=A6 3- 3. <60:3ERF0<=/ :1/
;86D8/./456 ;83A302=A/ ;693 93=>/8 93 :38 3>3<12/9/- :3 =.;/<2/83. 06: <1:26: ;83A=:26: 9/
./01230456 M.56 93 678/- ./238=/=:- 32< N

2$ " 2 *

2 $
3D18/04/
+ +1/B=9/93
8691456
$ $/B@/
/01230/7=B=9/93 M<1:26: 3 23.;6:N
& ' " ($

"

( :; C A N A E
:K O C :; I @ = 7" -+0&G6+?@
::3 2=;6 93 ./01230456 7/:3=/ :3 0/ :3D1=023 J=B6:6J=/S ]3E1=;/.3026 ;/861- ./01230456
<60:382/ =.39=/2/.3023I
23.;6 ;/8/ 83;/8/456 ? D38/B.3023 B60D6- ;6=: 056 :3 23. 93J=0=96 6 ;867B3./ 56 :3 :/73 6
0P.386 3>/26 93 ;3::6/B 03<3::L8=6 /6 83;/86- 056 :3 :/73 9/ 3>=:2F0<=/ 93 ;34/: 93 83;6:=456 3-
/B?. 9=::6- / ]<68838=/I ;/8/ 83;/8/456 93 1. 3E1=;/.3026 A=2/B V ;8691456 9/ 3.;83:/ 28/O
=.;86A=:/4G3:- 2302/2=A/: J81:28/023: 93 /<3826- =.;30:LA3=: :6B14G3: E13 ;693856 93238.=0/8
1. 9/06 /=09/ ./=68 V .LE1=0/ 61 =0:2/B/456- <6. / ;6::=7=B=9/93 93 6<688F0<=/ 93 /<=93023: 93
28/7/B@6
.768/- :3C/ 1. .?2696 9=:;309=6:6 93 3>3<1456 9/ ./01230456- 056 @L =09P:28=/: E13 ;6::/.
9=:;30:L B6- CL E13 6: 3E1=;/.3026: 056 ;6::13. <60J=/7=B=9/93 262/B <6028/ E1378/:
6: 9=/: /21/=:- ;/8/ 3E1=;/.3026: 056 A=2/=: V ;8691456 93 1./ 3.;83:/- 61 /=09/- B=0@/: 93
;8691456 E13 ;6::1/. 3E1=;/.3026: 93 83:38A/ = A JP? / ./01230456 <68832=A/ ? / ./=:
3<60Z.=</ 3 A=LA3B
56 3>=:23 J=B6:6J=/- 2368=/ 61 JT8.1B/ ;/8/ 9=.30:=60/8 1./ 3E1=;3 93 ./01230456 <68832=A/-
;6=: 010</ :3 :/73 E1/096 /BD1?. A/= :38 :6B=<=2/96 ;/8/ /230938 /6: 3A3026: E13 83E1383. /
;83:304/ 96: ./023039683: 68 3::3 .62=A6- /: 3.;83:/: E13 056 2F. 3::/ ./01230456
;86D8/./9/ 3 73. /9.=0=:28/9/ <60A=A3. <6. 6 </6:- ;6=: 010</ @/A38L ;3::6/B 93 ./01230456
:1J=<=3023 ;/8/ /230938 V: :6B=<=2/4G3: 3:.6 E13 A30@/. / <602/8 <6. 6 ;3::6/B 93 ./01230456
3. E1/02=9/93 :1J=<=3023- 056 :/73856 6 E13 J/O38 <6. 6: ./023039683: 3. ?;6</ 3. E13 2196
</.=0@/ 28/0ER=B/.3023
X ;68 3::3 .62=A6 E13- 068./B.3023- / ./01230456 /<3=2/ :38A=46: 93 .602/D3. ;/8/ 3>3<12/8 3
010</ <1.;83. 6: ;8/O6: 3:2/73B3<=96:- ;6=: @L 6</:=G3: 3. E13 238L 93 93<=9=8 :3 /23023 V:
3.38DF0<=/: 61 <602=01/ .602/096 6 E13 3:2/A/ ;86D8/./96
6.6 /: 6<688F0<=/: 93 3.38DF0<=/: :56 =03A=2LA3=:- :3.;83 @/A38L 03<3::=9/93 93 1./ 3E1=;3
;/8/ 3::3: /2309=.3026:- .3:.6 ;68E13- 056 :3 93A3 :3 238 !!_ 93 ./01230456 ;83A302=A/
3;3093096 96 3E1=;/.3026- V: A3O3: ? ./=: <60A30=3023- ;68 .62=A6: 3<60Z.=<6:- 93=>L B6 ;/8/
83:6BA38 6 ;867B3./ ;68 /2309=.3026 93 3.38DF0<=/
3:.6 3. 3.;83:/: E13 056 ;693. 238 3.38DF0<=/:- V: A3O3: 3B/: 6<6883. <6. 83:1B2/96:
D38/B.3023 </2/:28TJ=<6: >3.;B6S 3.;83:/: /?83/:
/: 3.;83:/: E13 <60A=A3. <6. 3.38DF0<=/: E13 ;693. 839109/8 3. 93:/:283:- 93A3 @/A38 1./
3E1=;3 .1=26 3:;3<=/B 93 ./01230456- <1C/ J10456 ? 3B=.=0/8 61 .=0=.=O/8 3::/: 3.38DF0<=/:
J=B6:6J=/ E13 93A3 :38 /962/9/ ?S ] .38DF0<=/: 056 6<6883.- :56 </1:/9/: B=.=03 / </1:/ 3
A6<F 056 238L 06A/.3023 / .3:./ 3.38DF0<=/I

3E1=;3 93 ./01230456 <68832=A/ 93A3 3:2/8 :3.;83 3. 1. B6</B 3:;3<HJ=<6 ;/8/ :38 30<6028/9/
J/<=B.3023 3 /230938 V ;8691456 93 =.39=/26
6.6 / 3E1=;3 056 :/73 6 B6</B 6093 A/= /21/8- 6 1:1L8=6 <6. ;867B3./: 93A38L :6B=<=2/8 6
/2309=.3026 ;68 23B3J603- ;68?.- ;/8/ 6: 3J3=26: 93 83D=:286 3 3:2/2H:2=</- 3B3 93A38L 3.=2=8 1.
96<1.3026- /21/B.3023 :56 12=B=O/96: :6J2` /83: 93 ./01230456- 269/A=/ /BD1./: 3.;83:/: /=09/
12=B=O/. J=<@L8=6: <60J68.3 .693B6 / :3D1=8S
 E1=;/.3026 9/ :3456 ;/861 V: @68/: 96 9=/

. /0/B=:2/ 93 3E1=;3 93 ./01230456 <68832=A/ /23093 /6 <@/./96- A38=J=</ 6 E13 93A3 :38 J3=26
3 3.=23 1./ J=<@/ 93 3>3<1456 ;/8/ :/0/8 6 ;867B3./
. .693B6 93 J=<@/ 93 3>3<1456 ? 9/96 / :3D1=8S

$
$=<@/ 93 >3<1456
0=9/93 /2/
E1=;/.3026 60C1026 17 <60C1026
0:;3456 /8/9/ 93
8691456

8/7/B@6 / 83/B=O/8 /2183O/ 93

A/8=/

8/7/B@6 83/B=O/96 /1:/ 93

A/8=/

83A=:2/ 3/B=O/9/ /8/9/ 93 =:26

8691456W

;8330<@=.3026 9/ J83023 9/ J=<@/ 93 3>3<1456 93A3 :3D1=8 6: ;/::6:S

8330<@38 6 </.;6 61 L83/ 6093 6 3E1=;/.3026 3:2L B6</B=O/96W

8330<@38 6 </.;6 W
8330<@38 6 </.;6 I A <=2/096 6 06.3 96 3E1=;/.3026W
8330<@38 6: A Q 3 J Q W
8330<@38 6 </.;6 J L < 3:;3<=J=</096 3>/2/.3023 6 E13 J/O38 3 6093
J/O38W
8330<@38 6 </.;6 J L < W
8330<@38 6 </.;6 A A :; <6B6</096 6 <T9=D6 !! E1/096 J68 3.38DF0<=/
M:38A=46 056 ;86D8/./96N 3 <T9=D6 E1/096 J68 ;83A302=A/ M:38A=46: ;86D8/./96:NW
8330<@38 6 </.;6 < > 3 > <=2/96 0/: 2/73B/: 3 S

/73B/
" % / " R $
3:B6</.3026 96 3E1=;/.3026 !!
1;218/ !
=:/B@/.3026 !
8=0</ !
:./D/.3026 !
 02/B@3 !
38J18/456 !&
6886:56 !(
86:56 !
>=9/456 !)
0D8=;/.3026 !
:28/0D1B/.3026
021;=.3026
3:</88=B@/.3026
E13<=.3026
3:83D1B/D3.
3:/;3826 &
1826 <=8<1=26 !
6B/.3026
389/ 93 ;86;8=39/93: JH:=</:
389/ 93 ;86;8=39/93: E1H.=</:
389/ 93 ;86;8=39/93: 2?8.=</:
389/ 93 ;86;8=39/93: 3B?28=</:

/73B/
/ " R $
028691456 93 BHE1=96: D689186:6: 3>238=683: /6 3E1=;/.3026
028691456 93 BHE1=96: 056 D689186:6: 3>238=683: /6 3E1=;/.3026
028691456 93 ;T E1H.=<6 0/ .LE1=0/
0<81:2/456 &
028691456 93 <68;6 :TB=96 3>238=68 V .LE1=0/ (
$/B2/ 93 J=B28/D3.
028691456 93 /8 06 :=:23./ )
028691456 93 BHE1=96: D689186:6: ;86<393023: 9/ .LE1=0/
028691456 93 BHE1=96: 056 D689186:6: ;86<393023: 9/ .LE1=0/
028691456 93 ;T ;86<393023 9/ .LE1=0/
028691456 93 <68;6 :TB=96 (
0JB1F0<=/ 9/ 1.=9/93
0JB1F0<=/ 93 23.;38/218/ 7/=>/
0JB1F0<=/ 93 23.;38/218/ 3B3A/9/
2.6:J38/ <6886:=A/
3:D/:23 3><3::=A6
$/B2/ 93 =:6B/.3026 2?8.=<6
7/=>/.3026 96 :6B6
69=J=</4G3: D36.?28=</: 96: :1;6823:
"=D/456 388/9/ )
3J3=26 93 ./238=/B !
886 93 J/78=</456
34/ 93 83;6:=456 056 /93E1/9/
886 93 <60<3;456
3J3=26 93 .602/D3.
L /C1:2/D3.
/0678/ 388/9/ 9/ 6;38/456 &
$/B2/ 93 B=.;3O/ &!
><3::6 93 </8D/ &
3:/;3826 &

&
 $/B2/ 93 B178=J=</456 (
@6E13: (
=78/456 /068./B (
28=26 (

: 83B/4G3: 93 0/2183O/ 3 </1:/: 9/: 2/73B/: 3 056 :56 93J=0=2=A/: B/: ;693. 3 93A3.
:38 /.;B=/9/:
/B=3023.6: E13- ;/8/ :3 <6B6</8 6 <T9=D6 93 0/2183O/ 3 </1:/ 93 /A/8=/ ? 03<3::L8=6 /0/B=:/8
;86J109/.3023 6 ;867B3./- ;6=: 3>=:23 :3.;83 1./ </1:/ ;/8/ 61286 2=;6 93 0/2183O/ E13 A/8=/
>3.;B6S 93:D/:23 93 1. 3=>6
3::3 3>3.;B6- 23.6: <6.6 < - 6 93:D/:23 96 3=>6 3 <6.6 96 93:D/:23 / J/B2/ 93
B178=J=</456- ;68?.- 6 E13 </1:61 / J/B2/ 93 B178=J=</456a
;8330<@=.3026 96 A38:6 9/ J=<@/ 93 3>3<1456 93A3 :3D1=8 6: ;/::6:S
• 8330<@38 6 </.;6 L A <6. / =9302=J=</456 96 J10<=60L8=6W
• 8330<@38 6 </.;6 W
• 8330<@38 6 </.;6 B - 3 :; 96 28/7/B@6
: </.;6: b9/2/c- =0H<=6c- c2?8.=06c3 b918/456c96 28/7/B@6 0/ ;8=.3=8/ B=0@/ 96 A38:6 /;83:302/856
/;30/: 3A3026: ;83A=:26: 6.3023 / ;/82=8 9/ :3D109/ B=0@/ ? E13 /;83:302/856 3A3026:
83/B=O/96:- 93 /<6896 <6. 6 93:30A6BA=.3026 96 28/7/B@6
+1/096 6 28/7/B@6 2=A38 :=96 3>3<12/96- J3<@/ :3 / <6B10/ b918/456c 3 28/0:J383 :3 6 83:1B2/96
672=96 M@68/:- 9=/:N ;/8/ 6 </.;6 b83/B=O/9/c- 3>=:23023 0/ J83023 9/ J=<@/ ;T: =::6- ;393 :3
;/8/ / <@3J=/ <6B6</8 6 A=:26 06 83:;3<2=A6 </.;6 ;/8/ B=738/456 96 3E1=;/.3026
3E1=;3 93 ./01230456- 3A=93023.3023- 93A38L 3B=.=0/8 /: 3.38DF0<=/:W ;68?.- :3.;83 :3
;836<1;/096 3. 93=>/8 6 3E1=;/.3026 28/7/B@/096 930286 93 :1/: </8/<238H:2=</: 68=D=0/=:- 93
/<6896 <6. :31 ;86C326 93 J/78=</456
;T: 6 <60:3826 3 / B=738/456 96 3E1=;/.3026 ;/8/ / ;8691456- 6 /0/B=:2/ 93 ./01230456
<68832=A/ ? 678=D/96 / 30A=/8 ;/8/ 6 :3268 93 0D30@/8=/ 9/ /01230456 1. 83B/2T8=6 93 /A/8=/
3::3 83B/2T8=6 6 /0/B=:2/ ;693 3 93A3 :1D38=8 /BD1./ ;86A=9F0<=/ 61 .69=J=</456 06 ;86C326 9/
.LE1=0/ ;/8/ E13 6 2=;6 93 /A/8=/ 6<688=9/ # 3 :6B1<=60/9/ # 056 A30@/ / :3 83;32=8

>
7/=>6 :38L /;83:302/96 1. .693B6 93 83B/2T8=6 93 /A/8=/ 3 6093 :38L .6:28/96 <6.6 ;8330<@F
B6
"
0=9/93
E1=;/.3026 60C1026
17<60C1026 /2/
/2183O/ 9/ A/8=/

/1:/ 9/ A/8=/

1D3:256

;8330<@=.3026 96 83B/2T8=6 93 /A/8=/ 93A3 :3D1=8 6: ;/::6:S

• 8330<@38 6 </.;6 <6. 06.3 3 <T9=D6 93 6093 6 3E1=;/.3026 3:2L B6</B=O/96W
• 8330<@38 6 </.;6 I A <6. 06.3 3 <T9=D6W
• 8330<@38 6 </.;6 J Q <6. <T9=D6W
• 8330<@38 6 </.;6 <6. / 9/2/ 9/ 6<688F0<=/W
(
 • 8330<@38 6 </.;6 < > <6. <T9=D6 M2/73B/ N 3 83B/2/8 / 6<688F0<=/W
• 8330<@38 6 </.;6 > <6. <T9=D6 M2/73B/ N 3 83B/2/8 / </1:/ J109/.302/BW
• 8330<@38 6 </.;6 8 ; =09=</096 /BD1./ ;86A=9F0<=/ 61 .69=J=</456 06 ;86C326W

J > :; S X <60A30=3023 83::/B2/8 E13 6: .693B6: 93 J=<@/ 93 3>3<1456 3 6: .693B6: 93

83B/2T8=6 93 /A/8=/ .19/. 93 3.;83:/ ;/8/ 3.;83:/- 73. <6.6 6: <T9=D6: 93 0/2183O/ 9/ /A/8=/
3 :1/: </1:/: 56 @L- =0J3B=O.3023- 1./ 068./ / 83:;3=26 96 /::1026

60:=9383 1. .6268 93 /126.TA3B

3 23.;6: 3. 23.;6: 6 1:1L8=6 93A38L 286</8 6 TB36 96 <L8238 56 83/B=O/096 3::/ 6;38/456
;38=T9=</- 3:2/8=/ <6883096 6 8=:<6 93 9/0=J=</8 6: 3B3.3026: E13 <60:2=213. 6 .6268
6.6 6 1:1L8=6 J/8=/ ;/8/ ;6938 <60286B/8 3::/ 286</ ;38=T9=</ 96 TB36 96 .6268a
/8/ 83/B=O/8 3::3 <60286B3- 6 1:1L8=6 93A38L /<6.;/0@/8 / E1=B6.328/D3. 96 </886 3- 7/:3/96
03B/- J/O38 / ;83A=:56 9/ 286</ 96 TB36
::/ ;83A=:56 0/9/ ./=: ? 96 E13 1./ :=.;B3: ./01230456 ;83A302=A/@

JQ >
: ;8=0<=;/=: 67C32=A6: 9/: 3.;83:/: :56- 068./B.3023- 8391456 93 <1:26:- E1/B=9/93 96 ;869126-
/1.3026 93 ;8691456- ;83:38A/456 96 .3=6 /.7=3023- /1.3026 9/ A=9/ P2=B 96: 3E1=;/.3026: 3
8391456 93 /<=93023: 96 28/7/B@6
? " :; . :1/ D8/093 ./=68=/- /: 3.;83:/: 71:</. 8391O=8 6: <1:26:
=0<=93023: 06: ;869126: E13 J/78=</. ./01230456 ;83A302=A/ ;693 <6B/768/8 /21/096
0/: ;34/: :6783::/B3023:- 0/: ;/8/9/: 93 3.38DF0<=/ 32< - /;B=</096 6 .H0=.6 03<3::L8=6-
61 :3C/- :6783::/B3023 % <6.;8/ 9=832/W @68/: 6<=6:/: % @68/: ;B/03C/9/:W ./238=/B 06A6
% ./238=/B 83<1;38/96
J? . A <60<688F0<=/ 06 .38</96 03. :3.;83 D/0@/ <6. 6 .3068
<1:26 1=2/: A3O3: 3B3 D/0@/ <6. 1. ;869126 93 .3B@68 E1/B=9/93 /8/ /2=0D=8 / .32/
E1/B=9/93 96 ;869126- / ./01230456 ;83A302=A/ 93A38L :38 /;B=</9/ <6. ./=68 8=D68- 61
:3C/S .LE1=0/: 93J=<=3023: % .LE1=0/: 3J=<=3023:W /7/:23<=.3026 93J=<=3023 %
/7/:23<=.3026 62=.=O/96
? A :; /1.3026 93 ;8691456 93 1./ 3.;83:/ :3 83:1.3 3. /230938 V
93./09/ <83:<3023 96 .38</96 X ;83<=:6 ./0238 / J=93B=9/93 96: <B=3023: CL
</9/:28/96: 3 <60E1=:2/8 61286:- ./023096 6: ;8/O6: 93 30283D/ 96: ;869126: 3. 9=/
./01230456 ;83A302=A/ <6B/768/ ;/8/ 6 /B</0<3 93:2/ .32/ /21/096 06 7=0Z.=6 ;8691456
/28/:/9/ % ;8691456 3. 9=/
? C J . 93238.=0/9/: 3.;83:/:- 6 ;6026 ./=: <8H2=<6 ? / ;6B1=456
</1:/9/ ;3B6 ;86<3::6 =091:28=/B 3 / .32/ 9/ 3.;83:/ J68 / 9=.=01=456 61 3B=.=0/456 9/
;6B1=456- / ./01230456 ;83A302=A/- <6.6 ;8=.3=86 ;/::6- 93A38L 3:2/8 A6B2/9/ ;/8/ 6:
3E1=;/.3026: /02=;6B1=456- 61 :3C/- 3E1=;/.3026: :3. /<6.;/0@/.3026 % 3E1=;/.3026:
83A=:/96:W ;6B1=456 % /.7=3023 068./B
? > T I A /1.3026 9/ A=9/ P2=B 96: 3E1=;/.3026: ? 1.
J/268 E13- 0/ ./=68=/ 9/: A3O3:- 056 ;693 :38 <60:=938/96 93 J68./ =:6B/9/ ::3 J/268-
D38/B.3023- ? <60:3ERF0<=/ 93S
391456 93 <1:26:W
+1/B=9/93 96 ;869126W
1.3026 93 ;8691456W
J3=26: 96 .3=6 /.7=3023
./01230456 ;83A302=A/- /21/096 03::3: =230:- <6028=71= ;/8/ 6 /1.3026 9/ A=9/ P2=B 96:
3E1=;/.3026:
C? " :; J L 56 :56 8/86: 6: </:6: 93 3.;83:/: <1C6 ./=68
;867B3./ ? / D8/093 E1/02=9/93 93 /<=93023: : /<=93023: 06 28/7/B@6 </1:/.S
 1.3026 93 <1:26:W
=.=01=456 96 J/268 E1/B=9/93W
J3=26: ;83C19=<=/=: /6 .3=6 /.7=3023W
=.=01=456 93 ;8691456W
=.=01=456 9/ A=9/ P2=B 96: 3E1=;/.3026:
./01230456 ;83A302=A/ ;693 <6B/768/8 ;/8/ / .3B@68=/ 96: ;86D8/./: 93 :3D18/04/ 3
;83A30456 93 /<=93023:

> >
60:=9383 1./ =09P:28=/ /=09/ :3. 030@1./ ./01230456 ;83A302=A/- 6093 056 @/C/ <60286B3 93
<1:26: 3 03. 83D=:286: 61 9/96: @=:2T8=<6: 96: 3E1=;/.3026: 3 3::/ =09P:28=/ 93:3C/8 /962/8 /
./01230456 ;83A302=A/- 93A3. :3 ;38<68838 /: :3D1=023: J/:3: =0=<=/=: 96 93:30A6BA=.3026S
/N 3<=9=8 E1/B 6 2=;6 93 3E1=;/.3026 E13 93A38L ./8</8 / =0:2/B/456 9/ ./01230456
;83A302=A/ <6. 7/:3 06 ]J33B=0DI 9/ :1;38A=:56 93 ./01230456 3 93 6;38/456W
7N J321/8 6 B3A/02/.3026 3 ;6:238=68 </9/:28/.3026 93 2696: 6: 3E1=;/.3026: E13 :3856
3:<6B@=96: ;/8/ =0=<=/8 / =0:2/B/456 9/ ./01230456 ;83A302=A/ M;B/06 ;=B626NW
<N 39=D=8 6 @=:2T8=<6 96: 3E1=;/.3026:- 83B/<=60/096 6: <1:26: 93 ./01230456 M.56 93
678/- ./238=/=: 3- :3 ;6::HA3B- B1<86 <3::/023 0/: 3.38DF0<=/:N- 23.;6 93 ;/8/9/ ;/8/
6: 9=A38:6: 2=;6: 93 ./01230456- 23.;6 93 9=:;60=7=B=9/93 96: 3E1=;/.3026: ;/8/
;8691O=83.- </1:/: 9/: J/B@/: 32<W
9N B/768/8 6: ./01/=: 93 ;86<39=.3026: ;/8/ ./01230456 ;83A302=A/- =09=</096 /:
J83ERF0<=/: 93 =0:;3456 <6. .LE1=0/: 6;38/096- <6. .LE1=0/: ;/8/9/: 3 /:
=0238A304G3:W
3N 01.38/8 6: 83<18:6: @1./06: 3 ./238=/=: E13 :3856 03<3::L8=6: V =0:2/B/456 9/
./01230456 ;83A302=A/W
JN ;83:302/8 6 ;B/06 ;/8/ /;86A/456 9/ D38F0<=/ 3 9/ 9=83268=/W
DN 83=0/8 3 ;83;/8/8 / 3E1=;3 93 ./01230456

O :; :; A > >
? * A 3 1./ 3.;83:/ <602/8 <6. 1. .693B6 68D/0=O/<=60/B T2=.6-
<6. ./238=/B :6783::/B3023 /93E1/96 3 8/<=60/B=O/96- <6. 760: 83<18:6: @1./06:- <6.
76. J388/.302/B 3 =0:281.302/B 3 056 2=A38 E13. :/=7/ ./01:3L B6:- 3::/ 3.;83:/ 3:2/8L
;3893096 23.;6 06 .38</96 3:<6B@/ 96 J388/.302/B 3 =0:281.302/B ? =.;682/023-
;68?.- ./=: =.;682/023 ? 6 283=0/.3026 9/ 3E1=;3 E13 =8L 12=B=OL B6:
J? :; . ./01230456 ;83A302=A/ ? ;83<=:6 ./0238 6 <60286B3 93
269/: /: .LE1=0/: <6. 6 /1>HB=6 93 J=<@/: =09=A=91/=: X ;68 .3=6 9/: J=<@/: =09=A=91/=:
E13 :3 J/O 6 83D=:286 9/ =0:;3456 .3<Y0=</ 9/ .LE1=0/ 3- <6. 7/:3 03::/: =0J68./4G3:- /
;86D8/./456 93 :1/ ./01230456

+1/026 V J68./ 93 6;38/456 96 <60286B3- @L E1/286 :=:23./:S ./01/B- :3.= /126./2=O/96-

/126./2=O/96 3 ;68 .=<86<6.;12/968

X 6 :=:23./ 06 E1/B / ./01230456 ;83A302=A/ 3 <68832=A/ :56 <60286B/9/: 3

/0/B=:/9/: ;68 .3=6 93 J68.1BL8=6: 3 ./;/:- ;8330<@=96: ./01/B.3023 3 D1/89/96: 3. ;/:2/: 93
/8E1=A6 :E13./2=</.3023S

)
 ' < X 6 :=:23./ 06 E1/B / =0238A30456 ;83A302=A/ ? <60286B/9/ <6. 6
/1>HB=6 96 <6.;12/968- 3 / =0238A30456 <68832=A/ 67393<3 /6 <60286B3 ./01/B :E13./2=</.3023S

J6023 93 9/96: 93::3 :=:23./ 93A3 J6803<38 269/: /: =0J68./4G3: 03<3::L8=/: ;/8/ :383.
J3=2/: /: 83E1=:=4G3: 93 :38A=46- =0<B1=096 /: 862=0/: 93 =0:;3456 3 3>3<1456 ;8=0<=;/B 83B/2T8=6
3.=2=96 ;3B6 <6.;12/968 93A3 <60238- 06 .H0=.6S
23.;6 ;83A=:26 3 D/:26W
: :38A=46: 83/B=O/96:W
: :38A=46: 83;86D8/./96: M/9=/96:NW
: :38A=46: </0<3B/96:
::3: 9/96: :56 J109/.302/=: ;/8/ / 26./9/ 93 ;86A=9F0<=/: ;68 ;/823 9/ :1;38A=:56

< X 6 :=:23./ 3. E13 269/: /: =0238A304G3: 9/ ./01230456 2F. :31:

9/96: /8./O30/96: ;3B6 <6.;12/968- ;/8/ E13 :3 230@/ B=:2/D30:- D8LJ=<6: 3 2/73B/: ;/8/ /0LB=:3
3 26./9/ 93 93<=:G3:- <60J68.3 / 03<3::=9/93 3 <60A30=F0<=/ 96: AL8=6: :32683: 9/ ./01230456
:E13./2=</.3023S

!
 A A X 6 :=:23./ 06 E1/B 2696: 6: 9/96: :6783 /: =0238A304G3: 9/
./01230456 J=</. /8./O30/96: 06 .=<86<6.;12/968 ::3: 9/96: :56 93 8L;=96 /<3::6 /28/A?:
93 .60=268 93 AH936 61 =.;83::68/ :E13./2=</.3023S

./01230456 ;83A302=A/ 67393<3 / 1. ;/9856 ;83A=/.3023 3:E13./2=O/96- E13 3:2/73B3<3

;/8/9/: ;38=T9=</: <6. / J=0/B=9/93 93 ;38.=2=8 / 286</ 93 ;34/: D/:2/: ;68 06A/:- /::3D18/096
/::=. 6 J10<=60/.3026 ;38J3=26 9/ .LE1=0/ ;68 1. ;38H696 ;8393238.=0/96
.?2696 ;83A302=A6 ;86;68<=60/ 1. 93238.=0/96 8=2.6 93 28/7/B@6- /::3D18/096 6 3E1=BH78=6
03<3::L8=6 /6 76. /09/.3026 9/: /2=A=9/93:
: <60286B3: 9/: ;34/: 93 83;6:=456 ? 1. ;867B3./ E13 /2=0D3 2696: 6: 2=;6: 93 =09P:28=/ ./
9/: .32/: / E13 :3 ;86;G3 6 T8D56 93 ./01230456 ;83A302=A/ ? / 9=.=01=456 :30:HA3B 96:
3:26E13: ::6 :3 <60:3D13 <6. / 68D/0=O/456 96: ;8/O6: ;/8/ 83;6:=456 93 ;34/: ::=.-
/C1:2/. :3 6: =0A3:2=.3026: ;/8/ 6 :3268
3 1./ ;34/ 93 <60C1026 E13 <60:2=21= 3. .3</0=:.6 3:2=A38 3>3<12/096 :31 28/7/B@6 93 J68./
=883D1B/8- 3B/ 3:2/73B3<38L- J/2/B.3023- 1./ :6783</8D/ 0/: 93./=: ;34/: E13 3:256 =0238/D=096
<6. 3B/ 6.6 <60:3ERF0<=/- / :6783</8D/ ;86A6</8L / 9=.=01=456 9/ A=9/ P2=B 9/: 93./=: ;34/: 96
<60C1026 ;867B3./ :T ;693 :38 83:6BA=96 <6. / 286</ 9/ ;34/ ;867B3.L2=</- <6. N -
;/8/ ;83:38A/8 /: 93./=: ;34/:
. E1/BE138 :=:23./ =091:28=/B- / =.;86A=:/456 ? 1. 96: J6<6: 93 ;83C1HO6 X A389/93 E13 E1/096
:3 =.;86A=:/ ;693 :3 3A=2/8 / ;/8/B=:/456 9/ ;8691456- ./: ;3893 :3 3. 3J=<=F0<=/
=.;86A=:/456 ;693 3 93A3 :38 3A=2/9/ ;68 .3=6 93 .?2696: ;83A302=A6: 3:2/73B3<=96: ;3B6:
2?<0=<6: 93 ./01230456 ;83A302=A/ /;B=</456 93 .?2696: ;83A302=A6: /::3D18/ 1. 28/7/B@6
10=J68.3 3 :3D186
 ;B/03C/.3026 3 / 68D/0=O/456- J6803<=96: ;3B6 .?2696 ;83A302=A6- :56 1./ D/8/02=/ /6: @6.30:
9/ ;8691456 E13 ;693. <60286B/8- 930286 93 1./ J/=>/ 93 3886 .H0=.6- / 3028/9/ 93 06A/:
30<6.309/:
6. 6 23.;6- 6: =091:28=/=: J68/. :3 <60:<=302=O/096 93 E13 / .LE1=0/ E13 J10<=60/A/
=0=023881;2/.3023 /2? E1378/8 /</8832/A/ AL8=6: ;867B3./: E13 ;6938=/. :38 3A=2/96: <6.
:=.;B3: ;/8/9/: ;83A302=A/: ;/8/ B178=J=</456- 286</ 93 ;34/: D/:2/: 3 /C1:23:
6. 6 /1>HB=6 96: 83B/2T8=6: 3:<8=26: :6783 6: 28/7/B@6: 83/B=O/96:- :56 :1;8=.=9/: /:
=0<60A30=F0<=/: 9/: E1378/: =03:;38/9/: ::6 3A=2/ / 9=JH<=B 2/83J/ 93 286</: 8L;=9/: 93 .LE1=0/:
3 =.;86A=:/4G3: E13 </1:/. 6 93:3:;386 96 ;3::6/B 9/ ./01230456 <68832=A/
./01230456 ;83A302=A/ ? 1. .?2696 /;86A/96 3 /962/96 /21/B.3023 3. 2696: 6: :32683:
=091:28=/=:- ;6=: /78/0D3 93:93 1./ :=.;B3: 83A=:56 # <6. ;/8/9/: E13 056 67393<3. / 1./ 862=0/
# /2? / 12=B=O/456 93 :=:23./: 93 /B26 H09=<3 2?<0=<6
./01230456 ;83A302=A/ /78/0D3 <8606D8/./: 0/: E1/=: :56 28/4/96: ;B/06: 3 83A=:G3:
;38=T9=</: <6.;B32/: ;/8/ 2696: 6: 2=;6: 93 ./238=/=: 12=B=O/96: 0/: 6J=<=0/: B/ =0<B1=- 2/.7?.-
B3A/02/.3026 E13 A=:/. J/<=B=2/8 :1/ ;8T;8=/ =028691456 3. J1218/: /.;B=/4G3: 96 <68;6 9/
JL78=</
/;B=</456 96 :=:23./ 93 ./01230456 ;83A302=A/ 056 93A3 :3 83:28=0D=8 / :32683:- .LE1=0/: 61
3E1=;/.3026: :=:23./ 93A3 /78/0D38 2696: 6: :32683: 9/ =09P:28=/ ;/8/ D/8/02=8 1. ;38J3=26
30286:/.3026 30283 3B3:- 93 .696 2/B E13- /6 :3 <60:2/2/8 1./ /06./B=/- /: ;86A=9F0<=/:
=093;309/. 93 E1/BE138 6128/ 83D8/ E13 ;68 A30218/ A30@/ / 3>=:2=8 3. 1./ 6J=<=0/ ::/
B=7389/93- 930286 9/ =09P:28=/- ? J109/.302/B ;/8/ 6 76. J10<=60/.3026 96 :=:23./ ;83A302=A6
/;/83<=.3026 93 J6<6: E13 6</:=60/. 93:<602=01=9/93 06 ;86D8/./ 93A3 :38 30</8/96 93
./03=8/ :?8=/- 68D/0=O/096 :3 3:2196: E13 26.3. ;68 7/:3 6: 83B/2T8=6: ;8330<@=96: ;68
2?<0=<6: 9/ ./01230456 :23: 93A3856 83B/2/8- 3. B=0D1/D3. :=.;B3: 3 <B/8/- 2696: 6: 932/B@3:
96 ;867B3./ 3. E13:256 ./01230456 ;83A302=A/ 010</ 93A38L :38 <60J109=9/ <6. 6 T8D56 93
<6./096- /;3:/8 93B/ 9=2/8 /BD1./: 83D8/: 93 <60912/ / :383. :3D1=9/: ;3B6 ;3::6/B 9/ JL78=</
d ./01230456 ;83A302=A/ </73 /;30/: 6 B1D/8 93 /;6=6 /6 :=:23./ J/78=B
:3D8396 ;/8/ 6 :1<3::6 9/ ./01230456 ;83A302=A/ 3:2L 0/ ;38J3=2/ <6.;8330:56 93 :31:
<60<3=26: ;68 ;/823 93 2696 6 ;3::6/B 9/ JL78=</- 93:93 6: 6;38L8=6: V ;83:=9F0<=/
./01230456 ;83A302=A/- ;68 238 1. /B</0<3 3>23806 3 ;86J1096- 93A3 :38 68D/0=O/9/ 3 /
68D/0=O/456 9/ ./01230456 ;83A302=A/ </83<38 9/ 93A=9/ :6B=93O- 3B/ ;86A6</8L 93:68930: 3
<60J1:G3: 68 61286 B/96- / </;/<=9/93 3 6 3:;H8=26 93 <66;38/456 96: 2?<0=<6: :56 J/2683:
=.;682/023: ;/8/ / ./01230456 ;83A302=A/
./01230456 ;83A302=A/ 93A3- 2/.7?.- :38 :=:23./2=O/9/ ;/8/ E13 6 JB1>6 96: 28/7/B@6: :3
;86<3::3 93 .696 <688326 3 8L;=96 67 3::3 /:;3<26- ? 03<3::L8=6 3:2/73B3<38 E1/B 93A38L :38 6
:=:23./ 93 =0J68./4G3: 3.;83D/96 3 6: ;86<39=.3026: /962/96:
93:30A6BA=.3026 93 1. :=:23./ 93 =0J68./4G3: 93A3 /;83:302/8 93J=0=4G3: <B/8/: 3 67C32=A/: 3
<60238 / 93B3D/456 9/: 83:;60:/7=B=9/93: 93 2696: 6: 3B3.3026: ;/82=<=;/023: JB1>6 9/:
=0J68./4G3: 93A38L JB1=8 8/;=9/.3023 30283 2696: 6: 30A6BA=96: 0/ ./01230456 ;83A302=A/
./01230456 ;83A302=A/ 3>=D3- 2/.7?.- 1. ;B/06 ;/8/ :1/ ;8T;8=/ .3B@68=/ :26 ? <60:3D1=96
;68 .3=6 96 ;B/03C/.3026- 3>3<1456 3 A38=J=</456 96: 28/7/B@6: E13 :56 =09=</9683: ;/8/ :3
71:</8 / .3B@68=/ 96: .?2696: 93 ./01230456- 9/: 2?<0=</: 93 ./01230456 3 9/ 3B3A/456 96:
0HA3=: 93 <60286B3
:2/ ? / 9=0Y.=</ 93 1./ =0:2/B/456 =091:28=/B
$=0/B.3023- ;/8/ :3 3J32=A/8 / ./01230456 ;83A302=A/ 3 /B</04/8 6: 67C32=A6: ;832309=96: <6.
:1/ /96456- :56 03<3::L8=6: 9=:;68 93 1. ;38H696 93 23.;6 83B/2=A/.3023 B60D6 ;/8/ <602/8 <6.
6 <60<18:6 96: 2?<0=<6: 3 96: 9=8=D3023: 93 /B26 D/7/8=26 ::6 A/B3 / ;30/- ;6=: / =0:2/B/456 96
.?2696 93 ./01230456 ;83A302=A/- ;3B/ ./=68=/ 9/: D8/093: 3.;83:/: =091:28=/=:- ? / ;86A/
<60<832/ 9/ ;61</ 3J=<=F0<=/ 96 .?2696 93 ./01230456 <68832=A/
&@&@# ' :; , > >
:;
, > > E 7" -+0&G6+E :;
C > A ' A E
< A J J C L 8 :; C @
./01230456 ;83A302=A/ J10<=60/ ;68 ;86D8/./456- <6. =::6 3A=2/ 6: /286;3B6: 9/ <68832=A/-
9=:28=713. .3B@68 / .56 93 678/ 3>=:23023- 3A=2/096 6<=6:=9/93: 61 /<P.1B6 93 :38A=46:
./01230456 ;83A302=A/ 28/9=<=60/B <3028/B=O/ :1/: /4G3: 0/ :17:2=21=456 ;86D8/./9/ 93 =230:
M<6.;603023:N 93 3E1=;/.3026:- 7/:3/096 :3 0/ A=9/ P2=B 3:2=./9/- 26./096 :3 <6.6 ;/8Y.3286S
@68/: 28/7/B@/9/:- E1=BZ.3286: 869/96:- .=B@G3: 93 862/4G3:- 32< N X 1. .?2696 E13 28/O 760:
83:1B2/96: E1/096 73. ;86D8/./96- ;68?.- ? 93 <1:26 3B3A/96- ;6=: 6 3:26E13 93 :6783::/B3023:
? D8/093 3 A/8=/96- /: ;/8/9/: 93 ;8691456 :56 ./=: J83ER3023:- <6.6 2/.7?.- / 286</ 93 <3826:
=230: ;693 :38 ;83./218/

&@&@& ' :; , > > , >

7" -+0&G6+E :; , > > , > E :; I
A 8 I >: Q E J A :; H
H E < ' A > ; < 8
A < B :; A > > :; > @

:; A >
/01230456 ;839=2=A/ ? /E13B/ E13 =09=</ /: <609=4G3: 83/=: 93 J10<=60/.3026 9/: .LE1=0/: <6.
7/:3 3. 9/96: E13 =0J68./. 6 :31 93:D/:23 61 ;86<3::6 93 93D8/9/456 8/2/ :3 9/ ./01230456
E13 ;839=O 23.;6 93 A=9/ P2=B 96: <6.;603023: 9/: .LE1=0/: 3 3E1=;/.3026: 3 /: <609=4G3: ;/8/
E13 3::3 23.;6 93 A=9/ :3C/ 73. /;86A3=2/96
/ 186;/- / ./01230456 ;839=2=A/ ? <60@3<=9/ ;3B6 06.3 93 ./01230456 <609=<=60/B 3 06:
:2/96: 0=96: 83<373 6 06.3 93 ;839=2=A/ 61 ;83A=:=60/B
3>3<1456 9/ ./01230456 ;839=2=A/ 7/:3=/ :3 0/: A :K # ;38=T9=</: MA=:1/B 61 <6.
/;/83B@6:N 96 J10<=60/.3026 96: 3E1=;/.3026: =9?=/ ;8=0<=;/B ? / 93 ./0238 6 J10<=60/.3026
96 <6.;603023 /2? 6 B=.=23 6;38/<=60/B MA=9/ P2=B 262/BN- =:26 ?S 9323<2/8 93J3=26: /023: E13 :3
<60<832=O3.- /;602/8 J/B@/: /=09/ <60286BLA3=: 3- 93238.=0/8 6 E13 93A3 :38 :17:2=21H96-
83;/8/96- 23:2/96- 918/023 / ./01230456
./01230456 ;839=2=A/ O 8 > > - CL E13 :56 03<3::L8=6: /;/83B@6: 3
=0:281.3026: <60J=LA3=:- 73. <6.6- ;3::6/B M=0:;32683:N E1/B=J=</96: /=: =0A3:2=.3026: ;693856
:38 9=B1H96: <6. 1. .3068 3:26E13 93 ;34/: :6783::/B3023:- ./=68 9=:;60=7=B=9/93 96
3E1=;/.3026 ;/8/ / ;8691456- J6803<=.3026 93 9/96: ./=: ;83<=:6: :6783 / E1/B=9/93 9/: ;34/: 3
<6.;603023:- /::=. <6.6- / E1/B=9/93 96: :38A=46: 3>3<12/96: ;3B/: 3E1=;3: 93 ./01230456
0:;34G3: ;/8/ A38=J=</456 96 3:2/96 J10<=60/B :3.;83 J68/. 83/B=O/9/: 3. E1/BE138
3E1=;/.3026- 3. E1/BE138 23.;6 93 06::/ @=:2T8=/ 3 ;68 E1/BE138 ;3::6/ B=D/9/ 9=832/ 61
=09=832/.3023 VE13B/ .LE1=0/ M6;38/9683:- :1;38A=:683:- ./023039683: 3 /2? A=:=2/023:N :
:302=96: @1./06: <6.6S /19=456- 6BJ/26- 2/26 3 A=:56- /B=/96: V: 3>;38=F0<=/: 93 93238.=0/9/:
;3::6/: <6. 6 J10<=60/.3026 96: 3E1=;/.3026:- J68/. 918/023 .1=26: /06: 6: ;8=0<=;/=:
=0:281.3026: ;/8/ / =0:;3456
21/B.3023 :6./. :3 6: /02=D6: ]=0:281.3026:I /6: 06A6: /;/83B@6: <609=<=60/96: / 1./ ;8?A=/
;86D8/./456 3 2383.6: 1./ =0:;3456 ./=: <8=238=6:/ <6. <609=4G3: 93 /0/B=:/8 /: </1:/: 3 6:
3J3=26: 96: ;867B3./: J10<=60/=: 96: 3E1=;/.3026:
=0:;3456 ;6938L :38 83/B=O/9/ 9/: :3D1=023: ./03=8/:S

1
A :; S 56 A38=J=</4G3:- ;83A=/.3023 3:2/73B3<=9/:- 96 3:2/96 3. E13 :3 30<6028/. /:
;34/: 61 <6.;603023: 96: 3E1=;/.3026:
 I A C A ; > C S
/O/.3026: 93 TB36- D8/>/ 61 ;869126 96 ;86<3::6W
=78/4G3:W
1H96: 3:28/0@6:W
$=>/456 93 ;34/:W
"=.;3O/W
3.;38/218/W
HA3B 3 ;83::56 96 TB36W
$/=:</.3026: 93 3:<6A/:W
3J=<=F0<=/ 93 A302=B/9683:W
$10<=60/.3026 93 BY.;/9/: 93 :=0/B=O/456- 32<

I A A E 8 EA ; > C S
;3826: 93 ;/8/J1:6: 3 ;68</:W
/O/.3026:W
B=0@/.3026 93 /<6;B/.3026:W
8=0</: :1;38J=<=/=:W
6886:56W
3:D/:23 M<6. .39=456NW
"=.;3O/W
:2/96 D38/B 93 ;34/:- 32<

I A A 8 A = A A :;
A > ?E A ; A S
3:D/:23: =023806:W
"178=J=</456W
:2/96 9/: <@/A32/:W
/8/J1:6: :6B26:W
8=0</:W
3:23 93 =:6B/.3026 93 .62683: 3B?28=<6:W
38=J=</456 93 <602/9683:- 32<
S =0:;3456 ;6938L :38 83/B=O/9/ <6. 6 3E1=;/.3026 93:.602/96- ;/8<=/B 61 262/B.3023- 6
E13 ;6938L 6<68838 3. </:6 93 ;/8/9/: ;86D8/./9/:

7C32=A6: 9/ ./01230456 ;839=2=A/

3238.=0/8- /023<=;/9/.3023- / 03<3::=9/93 93 :38A=46: 93 ./01230456 01./ ;34/
3:;3<HJ=</ 93 1. 3E1=;/.3026W
B=.=0/8 93:.602/D30: 93:03<3::L8=/: ;/8/ =0:;3456W
1.302/8 6 23.;6 93 9=:;60=7=B=9/93 96: 3E1=;/.3026:W
391O=8 6 28/7/B@6 93 3.38DF0<=/ 056 ;B/03C/96W
.;39=8 6 /1.3026 96: 9/06:W
;86A3=2/8 / A=9/ P2=B 262/B 96: <6.;603023: 3 93 1. 3E1=;/.3026W
1.302/8 6 D8/1 93 <60J=/04/ 06 93:3.;30@6 93 1. 3E1=;/.3026 61 B=0@/ 93 ;8691456W
3238.=0/8 ;83A=/.3023 /: =023881;4G3: 93 J/78=</456 ;/8/ <1=9/8 96: 3E1=;/.3026: E13
;83<=:/. 93 ./01230456
68 .3=6 93::3: 67C32=A6:- ;693 :3 9391O=8 E13 3B3: 3:256 9=83<=60/96: / 1./ J=0/B=9/93 ./=68 3
=.;682/023S 8391456 93 <1:26: 93 ./01230456 3 /1.3026 9/ ;86912=A=9/93

>3<1456 9/ ./01230456 ;839=2=A/

/8/ :38 3>3<12/9/- / ./01230456 ;839=2=A/ 3>=D3 / 12=B=O/456 93 /;/83B@6: /93E1/96:- </;/O3:
93 83D=:28/8 AL8=6: J30Z.306:- 2/=: <6.6S
=78/4G3: 9/: .LE1=0/:W
83::56W
 3.;38/218/W
3:3.;30@6W
<3B38/456

6. 7/:3 06 <60@3<=.3026 3 /0LB=:3 96: J30Z.306:- 2680/ :3 ;6::HA3B =09=</8- <6. /023<39F0<=/-
3A3021/=: 93J3=26: 61 J/B@/: 0/: .LE1=0/: 3 3E1=;/.3026:

./01230456 ;839=2=A/- /;T: / /0LB=:3 96 J30Z.306- /962/ 96=: ;86<39=.3026: ;/8/ /2/</8 6:
;867B3./: 9323<2/96:S 3:2/73B3<3 1. 9=/D0T:2=<6 3 3J321/ 1./ /0LB=:3 93 2309F0<=/:

=/D0T:2=<6
323<2/9/ / =883D1B/8=9/93- 6 83:;60:LA3B 238L 6 30</8D6 93 3:2/73B3<38- 0/ .39=9/ 96 ;6::HA3B-
1. 9=/D0T:2=<6 83J383023 V 68=D3. 3 V D8/A=9/93 96 93J3=26 <60:2/2/96 :23 9=/D0T:2=<6 93A3
:38 J3=26 /023: 93 :3 ;86D8/./8 6 83;/86

0LB=:3 9/ 2309F0<=/ 9/ J/B@/

/0LB=:3 <60:=:23 3. ;83A38 <6. /023<39F0<=/ / /A/8=/ 61 / E1378/- ;68 .3=6 93 /;/83B@6: E13
3>38<3. A=D=BY0<=/ <60:2/023 ;839=O3096 / 03<3::=9/93 96 83;/86
8/J=</.3023 23.6:S

3:E13./ / :3D1=8- 83:1.3 6 E13 J6= 9=:<12=96 /2? 6 .6.3026

 ./01230456 ;839=2=A/- D38/B.3023- /962/ AL8=6: .?2696: 93 =0A3:2=D/456 ;/8/ ;6938 =0238A=8
0/: .LE1=0/: 3 3E1=;/.3026: 0283 6: AL8=6: .?2696: 93:2/</. :3 6: :3D1=023:S 3:2196 9/:
A=78/4G3:W /0LB=:3 96: TB36:W /0LB=:3 96 3:2/96 9/: :1;38JH<=3: 3 /0LB=:3: 3:281218/=: 93 ;34/:
?2696: 93 =0A3:2=D/456 9/ /01230456 839=2=A/

' > J :K
69/: /: .LE1=0/: 3. J10<=60/.3026 ;8691O3. A=78/4G3: E13- /6: ;61<6:- B3A/. 0/: / 1.
;86<3::6 93 93238=68=O/456 ::/ 93238=68=O/456 ? </8/<238=O/9/ ;68 1./ .69=J=</456 9/
9=:28=71=456 93 3038D=/ A=78/2T8=/ ;3B6 <60C1026 96: 3B3.3026: E13 <60:2=213. / .LE1=0/
7:38A/096 / 3A6B1456 96 0HA3B 93 A=78/4G3:- ? ;6::HA3B 67238 =0J68./4G3: :6783 6 3:2/96 9/
.LE1=0/
;8=0<H;=6 93 /0LB=:3 9/: A=78/4G3: 7/:3=/ :3 0/ =9?=/ 93 E13 / 3:281218/ 9/: .LE1=0/: 3><=2/9/:
;3B6: 3:J6846: 9=0Y.=<6: M/456 93 J684/:N 956 :=0/=: A=78/2T8=6:- <1C/ J83ERF0<=/ ? =D1/B V
J83ERF0<=/ 96: /D3023: 3><=2/9683:
3 </;2/9683: 93 A=78/4G3: J683. <6B6</96: 3. ;6026: 93J=0=96: 9/ .LE1=0/- 3B3: </;2/856 /:
A=78/4G3: 83<37=9/: ;68 269/ / 3:281218/ 83D=:286 9/: A=78/4G3: 3 :1/ /0LB=:3 ;38.=23.
=9302=J=</8 / 68=D3. 96: 3:J6846: ;83:3023: 3. 1./ .LE1=0/ 6;38/096
68 .3=6 9/ .39=456 3 /0LB=:3 9/: A=78/4G3: 93 1./ .LE1=0/ 3. :38A=46 068./B 93 ;8691456
9323<2/ :3- <6. /023<=;/456- / ;83:304/ 93 J/B@/: E13 93A3. :38 <688=D=9/:S
6B/.3026: 93238=68/96:W
0D830/D30: 93J3=216:/:W
<6;B/.3026: 93:/B=0@/96:W
62683: 93:7/B/0<3/96:W
H0<1B6: 93:/C1:2/96:W
=>6: 93J68./96:W
"178=J=</456 93J=<=3023W

&
 $6BD/ 3><3::=A/ 3. 71<@/:W
$/B2/ 93 8=D=93OW
867B3./: /3869=0Y.=<6:W
867B3./: @=98L1B=<6:W
/A=2/456
/;/83B@6 3.;83D/96 ;/8/ /0LB=:3 93 A=78/4G3: ? <60@3<=96 <6.6 > J :K 6
.38</96 @L AL8=6: .693B6: 93 /0/B=:/9683: 93 A=78/4G3:- 96: ./=: :=.;B3: /6: ./=: <6.;B3>6:W
96: ;682L23=: # E13 ;693. :38 28/0:;682/96: ./01/B.3023 93 1. B/96 ;/8/ 61286 # /2? /E13B3:
E13 :56 =0:2/B/96: 93J=0=2=A/.3023 0/: .LE1=0/: <6. / .=::56 93 3>3<12/8 .60=268/456
<60:2/023
7/=>6- 1. 6;38/968 1:/096 1. /0/B=:/968 93 A=78/4G3: ;682L2=B 3- 3. 93:2/E13- 6 /;/83B@6

' H
: 67C32=A6: 9/ /0LB=:3 96: TB36: :56 96=:S 3<606.=O/8 B178=J=</023: 3 :/0/8 6: 93J3=26:
: .693806: 3E1=;/.3026: ;38.=23. /0LB=:3: 3>/2/: 3 8L;=9/: 96: TB36: 12=B=O/96: 3. .LE1=0/:
X ;68 .3=6 9/: /0LB=:3: E13 6 :38A=46 93 ./01230456 ;693 93238.=0/8 6 .6.3026 /93E1/96 ;/8/
:1/ 286</ 61 8306A/456- 2/026 3. <6.;603023: .3<Y0=<6: E1/026 @=98L1B=<6:
3<606.=/ ? 672=9/ 83D1B/096 :3 6 D8/1 93 93D8/9/456 61 93 <602/.=0/456 96: TB36: ::/
83D1B/D3. ;38.=23 / 62=.=O/456 96: =0238A/B6: 9/: 286</:
/0LB=:3 96: TB36: ;38.=23- 2/.7?.- =9302=J=</8 6: ;8=.3=86: :=026./: 93 93:D/:23 93 1.
<6.;603023 =9302=J=</456 ? J3=2/ / ;/82=8 96 3:2196 9/: ;/82H<1B/: :TB=9/: E13 J=</.
.=:218/9/: <6. 6: TB36: /=: ;/82H<1B/: :TB=9/: :56 D38/9/: ;3B6 /28=26 9=0Y.=<6 30283 ;34/: 3.
<602/26
/0LB=:3 96: TB36: ? J3=2/ ;68 .3=6 93 2?<0=</: B/768/268=/=: E13 30A6BA3. A=98/8=/:- 83/D3023:-
=0:281.3026: 3 3E1=;/.3026: 0283 6: =0:281.3026: 3 3E1=;/.3026: 12=B=O/96: 23.6:
A=:<6:H.3286:- <3028HJ1D/:- J62Z.3286: 93 <@/./- ;3/DZ.3286:- 3:;3<28Z.3286:- .=<86:<T;=6:-
32< B/768/268=:2/ 1:/096 2?<0=</: /93E1/9/:- 93238.=0/ /: ;86;8=39/93: 96: TB36: 3 6 D8/1 93
<602/.=0/023: 03B3: ;83:3023:
: ;8=0<=;/=: ;86;8=39/93: 96: TB36: E13 =02383::/. 3. 1./ /0LB=:3 :56S
,09=<3 93 A=:<6:=9/93W
,09=<3 93 /<=93OW
,09=<3 93 /B</B=0=9/93W
6026 93 J1BD68W
6026 93 <60D3B/.3026W
. 238.6: 93 <602/.=0/456 96: TB36:- =02383::/ :/738 E1/026 3>=:23 93S
3:H916: 93 </87606W
/82H<1B/: .32LB=</:W
' D1/

(
 ::=.- <6.6 06 3:2196 9/: A=78/4G3:- / /0LB=:3 96: TB36: ? .1=26 =.;682/023 0/ ./01230456
;839=2=A/ X / /0LB=:3 E13 A/= 9=O38 :3 6 TB36 93 1./ .LE1=0/ 61 3E1=;/.3026 ;83<=:/ 61 056 :38
:17:2=21H96 3 E1/096 =::6 93A38L :38 J3=26

' H A CB
/0LB=:3 9/: :1;38JH<=3: 9/: ;34/:- :1C3=2/: /6: 93:D/:23: ;86A6</96: ;3B6 /28=26- 2/.7?. ?
=.;682/023 ;/8/ :3 <60286B/8 6 D8/1 93 93238=68=O/456 9/: .LE1=0/: 3 3E1=;/.3026:
/0LB=:3 :1;38J=<=/B /78/0D3- /B?. 96 :=.;B3: 3>/.3 A=:1/B # <6. 61 :3. B1;/ # AL8=/: 2?<0=</:
/0/BH2=</:- 2/=: <6.6S
096:<6;=/W
6B6D8/J=/W
:28676:<6;=/W
6B93 3 =.;83::56

' H
/0LB=:3 3:281218/B 93 ;34/: E13 <6.;G3. /: .LE1=0/: 3 3E1=;/.3026: 2/.7?. ? =.;682/023
;/8/ / ./01230456 ;839=2=A/ X ;68 .3=6 9/ /0LB=:3 3:281218/B E13 :3 9323<2/- ;68 3>3.;B6- /
3>=:2F0<=/ 93 J=::18/:- 28=0</: 3 76B@/: 0/: ;34/: 9/: .LE1=0/: 3 3E1=;/.3026: . 10=G3:
:6B9/9/:- / /0LB=:3 3:281218/B ? 93 3>283./ =.;682Y0<=/
: 2?<0=</: 12=B=O/9/: 0/ /0LB=:3 3:281218/B :56S
0238J386.328=/ @6B6D8LJ=</W
B28/ :606D8/J=/W
/9=6D8/J=/ M8/=6: % NW
/./D8/J=/ M8/=6: D/./NW
<6D8/J=/W
/D0326:<6;=/W
6883023: 93 $61</1B2W
0J=B28/456 <6. BHE1=96: ;30328/023:

38=69=<=9/93 96: <60286B3:

<6B32/ 93 9/96: ? 3J321/9/ ;38=69=</.3023 ;68 1. 2?<0=<6 E13 12=B=O/ :=:23./: ;682L23=: 93
.60=268/.3026 : =0J68./4G3: 83<6B@=9/: :56 83D=:28/9/: 01./ J=<@/- ;6::=7=B=2/096 /6
83:;60:LA3B ;3B/ ./01230456 ;839=2=A/ 2F B/: 3. .56: ;/8/ /: ;86A=9F0<=/: </7HA3=:
;38=69=<=9/93 96: <60286B3: ? 93238.=0/9/ 93 /<6896 <6. 6: :3D1=023: J/2683:S
P.386 93 .LE1=0/: / :383. <60286B/9/:W
P.386 93 ;6026: 93 .39=456 3:2/73B3<=96:W
18/456 9/ 12=B=O/456 9/ =0:2/B/456W
/8L238 ]3:28/2?D=<6I 9/: .LE1=0/: =0:2/B/9/:W
3=6: ./238=/=: <6B6</96: V 9=:;6:=456 ;/8/ / 3>3<1456 96: :38A=46:
2/73B/ / :3D1=8- .6:28/ 1. 3>3.;B6 93 1. ;86D8/./ 7L:=<6 93 A=D=BY0<=/ 93 /<6896 <6. /
3>;38=F0<=/ 3 @=:2T8=<6 93 1./ 93238.=0/9/ .LE1=0/

/73B/
," $ " 7! / $ 2
< I A / 8 I A ,
H / C :;
39=456 93 A=78/456 69/: /: .LE1=0/: D=8/2T8=/: 93 39=968 93 A=78/456 !!! / !! @68/:
;62F0<=/ .?9=/ 61 .L>=./ 3 U 61
3E1=;/.3026: <8H2=<6:S 0/B=:/968
.62683:W
83912683:W =:23./: 93 A=D=BY0<=/
<6.;83::683:W ;38./03023
76.7/:W
A302=B/9683:
 39=456 9/: J/B@/: 93 696: 6: 86B/.3026: 39=968 3:;3<=/B 61 /0/B=:/968 !! @68/:
86B/.3026:
0LB=:3 3:28676:<T;=</ 696: 6: B1D/83: 6093 :3 E1=:38 :28676:<T;=6 96 /0/B=:/968 93 3D1096 /
3:219/8 1. .6A=.3026- <60286B/8 A=78/4G3: 03<3::=9/93
/ A3B6<=9/93 61 .39=8 6: ;B/06:
0LB=:3 96: TB36: 3912683: 3 <=8<1=26: $3=2/ ;3B6 J/78=</023 & .3:3:
@=98L1B=<6:
62683:
38.6D8/J=/ E1=;/.3026: 93 /B2/ 17<6028/2/456 .3:3:
230:56 M]238<3=8=O/456IN
=:28=71=456 93 7/=>/
230:56
6.;603023:
3B328Z0=<6:
E1=;/.3026: <6.
<6.;603023:
83J8/2L8=6:
>/.3 3096:<T;=<6 =B=0986: 93 096:<6;=/ ^ J626: 696: 6: .3:3:
<6.;83::683:
B32/:
0D830/D30: 9/0=J=</9/:

: A/02/D30: 9/ ./01230456 ;839=2=A/ :56S

1.3026 9/ A=9/ P2=B 96 3E1=;/.3026W
60286B3 96: ./238=/=: M;34/:- <6.;603023:- ;/823:- 32< N 3 .3B@68 D3830<=/.3026W
=.=01=456 96: <1:26: 06: 83;/86:W
3B@68=/ 9/ ;86912=A=9/93 9/ 3.;83:/W
=.=01=456 96: 3:26E13: 93 ;8691456W
"=.=2/456 9/ E1/02=9/93 93 ;34/: 93 83;6:=456W
3B@68=/ 9/ :3D18/04/W
839=7=B=9/93 96 :38A=46 6J383<=96W
62=A/456 96 ;3::6/B 93 ./01230456W
6/ =./D3. 96 :38A=46 /;T: / A309/- /::3D18/096 6 8306.3 96 J6803<3968

"=.=23: 2?<0=<6: 9/ ./01230456 ;839=2=A/

3J=<L<=/ 9/ ./01230456 ;839=2=A/ 3:2L :17689=0/9/ V 3J=<L<=/ 3 V <60J=/7=B=9/93 96: ;/8Y.3286:
93 .39=9/ E13 / </8/<238=O/.
>3.;B6 93 /BD10: ;/8Y.3286: / :383. =0:;3<=60/96: 3 6: /;/83B@6: U =0:281.3026: 12=B=O/96:S
- =.30:56 # /E1H.3286 U =<8Z.3286
- 3.;38/218/ # 38.Z.3286:
- =78/456 # 39=9683: 93 A=78/456
- 30:=9/93 # 30:H.3286:
- =:<6:=9/93 # =:<6:H.3286:
- 8=0</: :1;38J=<=/=: # "HE1=96: ;30328/023:- B1;/:
- 8=0</: =02380/: # B28/ :6.
- 3:7/B/0<3/.3026 # /B/0<3/9683:
- 3:/B=0@/.3026 # 3BTD=6 <6.;/8/968- B/:38
- 183O/ :1;38J=<=/B # 18Z.3286:
- 1H96: # 3<=73BH.3286
/9/ 1. 96: ;/8Y.3286: / :38 =0:;3<=60/96 ;693 238 <8=2?8=6: 9=J383023:- 6 E13 93238.=0/8L /
3:<6B@/ 93 .?2696: 3 /;/83B@6: U =0:281.3026: <6. 3B3A/96: D8/1: 93 :6J=:2=</456 3 83:6B1456
>3.;B6S 23.;38/218/ ;693 :38 A38=J=</9/ ;3B6 2/26 96 =0:;3268 M/2? ^ !e N- ;68 1.
238.Z.3286 93 .38<P8=6- ;68 238.Z.3286 9=D=2/B 93 <602/26- ;68 1. 238.Z.3286 9=D=2/B :3.
<602/26- ;68 238.6;/83:- ;=8Z.3286:- 2=02/: 93 <6B68/456 A/8=LA3=:- 238.6A=:56- J626D8/J=/ <6.
;3BH<1B/: :30:HA3=: / 8/=6: =0J8/A38.3B@6:- 3 61286:

)
 /;B=</456 96 =0:281.3026 U /;/83B@6 <688326 93;3093 93 AL8=6: J/2683: =0383023: /6
3E1=;/.3026 E13 :3 93:3C/ <60286B/8- 96 :31 J10<=60/.3026- 9/ :1/ ;38=<1B6:=9/93 3
/<3::=7=B=9/93- <6091O=096 V .?2696: 93 .39=9/: 9=832/- =09=832/ 61 / 9=:2Y0<=/
/8/ </9/ 1. 96: .?2696: 3 =0:281.3026: /;/83B@6: 1:/96:- B3A/. :3 3. <602/ 6 <60@3<=.3026
2?<0=<6 3 <=302HJ=<6 30A6BA=96- 73. <6.6 6 ;83;/86 61 283=0/.3026 93 =0:;3268 U /0/B=:2/

&@&@) '
X 1./ 8/.=J=</456 ;839=2=A/- 01. D8/1 93 =0:;3456 .L>=.6- 61 :3C/- 1. /<6.;/0@/.3026
<60:2/023 9/ :=21/456 J10<=60/B 96 3E1=;/.3026 /28/A?: 93 /;/83B@6: U =0:281.3026: 3>3.;B6
9/ $T8.1B/ - 6: </886: :56 .60=268/96: 96: 76>3:- 23096 ;/8Y.3286: ;8=0<=;/=: 96
J10<=60/.3026 96 .6268 /A/B=/96 <60:2/023.3023
X 1. .?2696 93 /<6.;/0@/.3026 93 <1:26 3B3A/96 3 E13 :T 23. 1./ 76/ 83B/456 <1:26 >
7303JH<=6 3. 3E1=;/.3026: A=2/=: ;/8/ / ;8691456 93 1./ 3.;83:/

) * ""

693 :3 <60:=938/8 <6.6 3>230:56 9/: .56: E13 .1B2=;B=</. :1/ J684/ 3 @/7=B=9/93 :3096
3.;83D/9/: 06: ./=: A/8=/96: </.;6: 93 /2=A=9/93
/8/ / 3>3<1456 9/: /2=A=9/93: 93 ./01230456 06: 9=A38:6: :3D.3026: =091:28=/=: 1./ A/8=39/93
93 J388/.302/: ? 12=B=O/9/ 93J=0=456 <68832/ 9/ J388/.302/ 0/ 3>3<1456 9/ 2/83J/ D38/
8/;=93O- :3D18/04/ 3 8391456 93 <1:26:
. <60C1026 ;/9856 93 J388/.302/: 12=B=O/9/: ;3B/ ./=68=/ 96: .3<Y0=<6: 0/ L83/ 9/ =09P:28=/
:3856 67C326: 93 3:2196 03:2/ 10=9/93- B3.78/096 E13 :3 ;693 238 J388/.302/: 93J=0=9/: ;/8/ /
./01230456 /126.62=A/- ./01230456 93 /3860/A3:- ./01230456 93 3E1=;/.3026: @6:;=2/B/83:-
32<

"

L > # 56 B3A3: 3 83:=:23023: 3 ;6::13. / E1/B=9/93 93 .PB2=;B6 ;6:=<=60/.3026- E13

J/<=B=2/ 6 28/7/B@6 2680/096 6 ./=: :3D186- ;6=: ? ./=: 9=JH<=B / ;68</ 61 / </734/ 96 ;/8/J1:6
3:</;/8 3B3A/456 9/ @/:23 3. 1. Y0D1B6 93 e ;38.=23 E13 / .56 ;/::3 B=A83 :6783 ;3E1306:
67:2L<1B6:- 3A=2/096 3:<68=/4G3: 06: 9396:

L > J C O # 3. 76</ =0<B=0/9/ 3. e- :3096 /;B=</9/: :6783 /: ;68</: 61 </734/: 93

;/8/J1:6: / J=. 93 /;382L B/: 61 :6B2L B6:- :3096 03<3::L8=6 1. :3268 B=A83 <6. Y0D1B6 ./=68 93
!e

!
 L > J # 3:23 .693B6 <6.7=0/ :3 6: 96=: 2=;6: 7L:=<6: 3>=:23023:S 93 76</ 3 93
3:28=/: 93 3:28=/: ? ./=: 1:/9/ ;/8/ ]E1378/8I 6 /;3826 3 / 93 76</ ;/8/ 3>28/=8 ;68 <6.;B326
/ ;68</ 61 ;/8/J1:6

< :; S
76</ 93A3 :38 C1:2/ V ;68</ 3 73. 30</=>/9/ ;/8/ E13 6 28/7/B@6 :3C/ :3D186 6</ J6BD/9/ 056
;38.=23 76. /;3826- ;693096 3:</;/8

:/8 </B46: ;/8/ <6.;30:/8 / J6BD/ ? 6128/ <6=:/ <60930LA3B- 2/026 :67 6 ;6026 93 A=:2/ 2?<0=<6
<6.6 93 :3D18/04/

3 6 3:J6846 93A3 :38 D8/093 056 <60A?. /1.302/8 6 78/46 9/ /B/A/0</ ;/8/ 3>38<38 ./=68
268E13W ? ;83C19=<=/B V <@/A3- 056 @L <60286B3 96 3:J6846 3 ? ;38=D6:6

>38<38 3:J6846 <6. 6 ;3:6 96 <68;6 ? 61286 3886- /: <@/A3: 93A3. :38 J684/9/: :6.3023 <6. /
J684/ 96: 78/46:
 3 ;83J38F0<=/ 93A3 :3 ;1>/8 / <@/A3

6 3.;188/8- :3 / <@/A3 :3 E1378/8- 3:</;/8 61 :3 E1378/8 6 ;/8/J1:6- / .56 =8L <6028/ 6

67:2L<1B6 E13 3:2=A38 0/ J83023
. </:6: 3:;3<=/=: 93A3 :3 3.;188L B/ <6. / .56 3:;/B./9/- / J=. 93 ;83A30=8 E1/BE138 :18;83:/
93:/D8/9LA3B

1=9/96 3:;3<=/B 93A3 :3 238 3. B1D/83: /B26:S 6 3:</;3 9/ <@/A3 ;6938L /</8832/8 6
93:3E1=BH78=6 3 E139/ 96 1:1L8=6
:/8 <@/A3: <6.6 /B/A/0</ 61 ./823B6 ? 256 <60930LA3B E13 9=:;30:/ =B1:28/456 /B3096
83::/B2/8 E13 056 93A3. :38 /2=0D=9/: ;68 ./823B6:
 # "

56 <@/A3: 12=B=O/9/: 3. :=21/4G3: 93 93:.602/D3. 3 .602/D3. 93 ;/8/J1:6:- ;68</: 3 <603>G3:

=0:2/B/9/: 3. B6</=: 93 9=JH<=B /<3::6 3 ;6:=<=60/.3026 :3D186 93 28/7/B@6 3 E13 3:256
:17.32=96: / D8/093 /;3826 56 J/78=</9/: 93 J68./ 3:;3<=/B ;/8/ 1:6 93 ./823B6- ./8832/ 61
./<323

$ ""

L > C 12=B=O/9/ ;/8/ D=8/8 ;/8/J1:6: <6. J309/- 93A3096 ;8330<@38 269/ / J309/
/2=0D=096- =0<B1:=A3 6 J1096@ <@/A3 93 ;/8/J1:6 93 J309/ ? 1./ J388/.302/ 93 /;3826
<60:2=21H9/ 93 1./ @/:23 <=BH098=</ 93 /46 </87606- <6. 1./ 93 :1/: 3>283.=9/93: J68C/9/ 3.
J68./ 93 <10@/ 3 / 6128/ 3. J68./ 93 3:;=D/ ;8=:.L2=</ 61 <=BH098=</ 3:28=/9/- 6093 :3 /<6;B/ 1.
</76 93 ./93=8/ 61 ;BL:2=<6
X 3.;83D/9/ ;/8/ /;382/8 3 93:/;382/8 ;/8/J1:6: <1C/: </734/: 230@/. J309/: 61 8/0@18/: E13
;38.=2/. / 3028/9/ 9/ <10@/

L > AL A # ? 1./ A/8=/456 9/ <@/A3 93 J309/- ;6=: :T / ;602/ E13 A/8=/- 2309/ 3:2/ 1./
J68./ <81O/9/- 6 E13 6J383<3 ./=: :3D18/04/ ;86;68<=60/096 28/7/B@6: ./=: :/2=:J/2T8=6:

< :; S

6.6 /B/A/0</ ? 1. 3886 ;83C19=<=/B

6.6 2/B@/93=8/ ? 1. 3886 =.;3896LA3B

83::=60/096 / <6028/ / .56 ? 1. 3886 ;38=D6:6

# $ %

L > L O 8 = ? ' 2=B=O/9/ 3. ;/8/J1:6: <6. 30</=>3 =023806 :3>2/A/96

L > ' 2=B=O/9/ 3. ;/8/J1:6: <6. 30</=>3 =023806 96 2=;6

L > O ' 2=B=O/9/ 3. ;/8/J1:6: <6. 30</=>3 =023806 96 2=;6 %

 < :; S
693 :38 <60:=938/9/ 1. 2=;6 3:;3<=/B 93 <@/A3 93 J309/- 93:93 E13 :3 =028691O/ 0/ J309/
@3>/D60/B 9/ </734/ 96 ;/8/J1:6- :3 3>38<3 3:J6846 /28/A?: 96 78/46 93 /B/A/0</ 9/ @/:23 6 E13
9L <382/ :3.3B@/04/ <6. /: <@/A3: 93 76</ 383<3- ;6=:- <1=9/96: :3.3B@/023: /6: 9/: <@/A3:
93 76</ 3 93 J309/
N A=2/8 6 1:6 93 ;86B60D/9683: ;/8/ .3B@68/8 / J=>/456- ;6=: =:26 ;6938L <6028=71=8 ;/8/ /
E1378/ 9/ <@/A3 61 86.;=.3026 96 ;/8/J1:6 >=:23 / @/A3 3>/D60/B B60D/ 61 6 6E1323
3>/D60/B <6. </76 ] I E13 9=.=01=8L :30:=A3B.3023 6 3:J6846 96 6;38/968W
N </8/<238H:2=</ 68=D=0/B 9/ J388/.302/ 93A3 :38 ./02=9/ 68 =::6- 056 93A3 :38 /E13<=9/-
:6B9/9/ 61 3:.38=B@/9/- ;6=: 3::3 ;86<39=.3026 /1.302/8L 6 8=:<6 93 6<688F0<=/ 93 /<=93023:-
/B?. 93 9=.=01=8 :30:=A3B.3023 / A=9/ P2=B 9/ J388/.302/ : <@/A3: :3>2/A/9/: :3D13. 068./:
3:;3<HJ=</: <6.6 / ) &- E13 93238.=0/ 932/B@3: =.;682/023: <6.6S 9=.30:56- 9183O/
3 83:=:2F0<=/ /6 268E13W
N 38=J=</8 :3 6 :3>2/A/96 =023806 96 ;/8/J1:6 30<6028/ :3 =:3026 93 2=02/ 61 :1C3=8/- ;6=: 3:23:
83:H916: =.;393. 6 30</=>3 ;38J3=26 9/ <@/A3 ;693096 </1:/8 /<=93023:- E1378/ 9/ <@/A3 61
93J68./456 96 ;/8/J1:6U<@/A3W
N 86<18/8 :3.;83 28/7/B@/8 <6. ;/8/J1:6: 068./2=O/96:- 6 E13 D/8/023 ;/8/J1:6: <6.
:3>2/A/96: 930286 9/: .39=9/:- D38/096 ./=68 ;83<=:56 3 :3D18/04/ 06 28/7/B@6W
N @3</8 :3.;83 :3 6 :3>2/A/96 9/ <@/A3 3:2L ;38J3=2/.3023 30</=>/9/ 0/ </734/ 96 ;/8/J1:6-
D/8/02=096 ./=68 3:2/7=B=9/93 3 9=:28=71=456 06 3:J6846 9/ 6;38/456W
&N 56 12=B=O/8 /;86>=./456 93 .39=9/ 0/: <@/A3: .=BH.3286:U;6B3D/9/: > S & .. /6 =0A?: 93
U I- 3A=2/096 93J68./456 96 ;/8/J1:6 61 <@/A3

& "' " "

2=B=O/9/ 3. ;68</: 61 </734/: 93 ;/8/J1:6: ;/8/ /;382L B6: 61 :6B2L B6: 3096 3:2/: <@/A3:
./=: A38:L23=:- 3>=D3. ./=: <1=9/96:
38.=23 /78=8 61 J3<@/8 / ./09H71B/ .TA3B 9/ <@/A3- ;68 .3=6 93 1. ;/8/J1:6 83D1B/968 61 ;68</

B=.;3O/ 3 B178=J=</456 :56 J/2683: =.;682/023: ;/8/ <60:38A/456 93::/: J388/.302/: 3 ;/8/
:3D18/04/ 93 :31: 1:1L8=6:
76</ 93A3 :38 :3.;83 83D1B/9/- 73. C1:2/- /6 2/./0@6 9/ ;68</
 56 :1;682/ D8/093: 3:J6846: 3 3:23 93A3 :38 J3=26 :6.3023 06 :302=96 93 J684/8 <6028/ / ;/823
J=>/ 9/ <@/A3
X 1./ <@/A3 12=B=O/9/ 93 J68./ 3.38D30<=/B- 3. B6</=: 61 :=21/4G3: 3. :3 93:<60@3<3 / 7=26B/ 96
;/8/J1:6 61 ;68</ 3 E13 / 12=B=O/456 93 1./ 6128/ <@/A3 ./=: /;86;8=/9/ :38=/ =0A=LA3B

2=B=O/9/ ;/8/ /;3826 93 2171B/4G3: 3 :31: /<3::T8=6:

< :; S
<@/A3 ;/8/ 2176: ;693 :38 12=B=O/9/ 06: 96=: :302=96: 0=<=/B.3023- 6 1:1L8=6 93A3 ;6:=<=60/8 /
J388/.302/ 0/ ;34/ E13 :38L 28/7/B@/9/ /8/ A6B2/8 V ;6:=456 =0=<=/B- / <@/A3 93A3 :38 B=738/9/ 3
83;6:=<=60/9/ ;/8/ 83=0=<=/8 6 .6A=.3026 93 /;3826 61 93:/;3826
=:/096 / :3D18/04/ 96 1:1L8=6 3 / 12=B=O/456 /93E1/9/ 9/ <@/A3- :1D38=.6: 67:38A/8 /:
83:=:2F0<=/: .L>=./: V 268456 <60J68.3 / 2/73B/ /7/=>6S

8” - 28,8 kgfm 14” - 103,35 kgfm 36” - 345,48 kgfm

10” - 51,83 kgfm 18” - 149,70 kgfm 48” - 403,2 kgfm
12” - 80,64 kgfm 24” - 218,80 kgfm
$684/ 93 /;3826 61 93:/;3826 ? ;6::HA3B 06 :302=96 @68L8=6 61 /02= @68L8=6 93 /<6896 <6. /
86:</ /8/ A6B2/8 V ;6:=456 =0=<=/B- :=.;B3:.3023 832680/.6: 3 ? 03::3 .6.3026 E13 /: .6B/:
B=738/. / <@/A3 :26 ;38.=23 6 8326806 8L;=96 ;/8/ =0=<=/8 06A6 /;3826- 83;32=096 6 .6A=.3026
/0238=68

1=9/96: <6. / <@/A3 ;/8/ 2176:

N 56 12=B=O/8 <6.6 ./823B6W
N "=.;/8 ;38=69=</.3023W
N "178=J=</8 /: ;/823: .TA3=:W
N 56 12=B=O/8 / <@/A3 <6. ;86B60D/9683:W
N 56 12=B=O/8 3. ;34/: 28/2/9/: 238.=</.3023

# "

> ' B=</23 0=A38:/B ? 6 ./=: <60@3<=96 3 ];6;1B/8I 30283 2696: 6: /B=</23: 96
.38</96 3. J=0/B=9/93: 3:;3<HJ=</: 93 1:6- 2/=: <6.6S
682/8 J=6:- </76: 3 /8/.3: 93 <6783- B/256- 7860O3- /B1.H0=6- ;BL:2=<6 3 /46 <6. 9=Y.3286
.L>=.6 93 .. 3 83:=:2F0<=/ V 28/456 93 !! ..f
6. :1/: ./09H71B/: ;B/0/: 3 6A/B/9/: ;693.6: :3D18/8 <6. J=8.3O/ :1;38JH<=3: 93 J68./ <@/2/-
<=BH098=</- 6A/B- E1/98/9/- :3>2/A/9/- 6=2/A/9/ 61 ;6B=D60/B
2=B=O/096 /: ;/823: =02380/: 96 </76 M83D=56 832=J=</9/ ;8T>=./ / /82=<1B/456 96 /B=</23N-
;693.6: ;830:/8 238.=0/=:

&
 6. /B=</23 93 </76 =:6B/96 ;/8/ !!! - ;693.6: 3>3<12/8 2/83J/: 3. B=0@/: 3038D=O/9/:
./8</456 93 !!! <60:2/ 06 </76 96 /B=</23- <60J68.3 68./ )&))
BD10: 1:1L8=6: 388/9/.3023 /::6<=/. :31 06.3 # ]10=A38:/BI # V 3>3<1456 93 E1/BE138 2=;6 93
2/83J/- 930283 /: E1/=: /BD1./: =0<68832/:- ;6=: ;693. </1:/8 /<=93023: ;3::6/=: 61 9/0=J=</8 6
;8T;8=6 /B=</23

A ; ' : /B=</23: 93 ;83::56 ;693. :38 12=B=O/96: ;/8/S

3D18/8 <6. J=8.3O/ ;34/: <6. ;38J=: A/8=/96:- ;/8/ E13 ;6::/. :38 ./0=;1B/9/:-
$=>/8 ;34/: ;/8/ :383. 1:=0/9/:-
830938 <6. J=8.3O/ <@/;/:- </02603=8/:- 2176: .32LB=<6: 3. 2/83J/: 93 :6B9/D3.-
8/A/8 ./0D13=8/: @=98L1B=</: ;/8/ E13 6 JB1H96 056 A/O3- 3>3.;B6S ./01230456 93 J83=6-
3:/;382/8 ;/8/J1:6: <6. :3>2/A/96 9/0=J=</96-
& 682/8 2171B/4G3: .32LB=</:- <6.6 ;68 3>3.;B6S :</;/.3026 /126.62=A6-
( 8=.;/8 238.=0/=: 12=B=O/96: 3. =0:2/B/4G3: 3B?28=</: =091:28=/=:

1=9/96: <6. 6: /B=</23: 93 ;83::56S

83D1B/D3. 9/ ;83::56 03<3::L8=/ ;/8/ 28/A/8 6 /B=</23 93A3 :38 672=9/ <6. / J684/ 93 1./
.56 86<393096 93:2/ ./03=8/- <60:3D1=83.6: 93:28/A/8 6 /B=</23 /<=60/096 6 D/2=B@6 93
93:28/A/.3026 <6. /;30/: 1. 9396 9/ .56-
56 /;B=</8 D6B;3: 06 /B=</23- ;8=0<=;/B.3023 056 7/2/ <6. 6 ./823B6 06 D/2=B@6 93
93:28/A/.3026-
6 83/B=O/8 28/7/B@6: 93 :6B9/D3.- 056 ;6:=<=60/8 /: <@/./: 96 ./4/8=<6 06: .6893023:- =:26
;6938L 9/0=J=<L B6:-
6 28/7/B@/8 <6. :6B9/ 3B?28=</- 056 26</8 <6. 6 3B328696 06 /B=</23- =:26 ;6938L 9/0=J=</8 6
/B=</23-
56 12=B=OL B6 <6.6 ./823B6-
& "=.;/8 ;38=69=</.3023-

(
( "178=J=</8 /: /82=<1B/4G3: 96 /B=</23

A J J UH8 56 12=B=O/96: ;/8/ /;3826 93 2171B/4G3: 3 /<3::T8=6: 6::1= AL8=/:

83D1B/D30: 93 /738218/ 6 E13 ;86;68<=60/ <6.69=9/93 3 :3D18/04/ 06 /;3826

A ' : /B=</23: ;/8/ /0?=: 2F. <6.6 J=0/B=9/93 / .602/D3. 3 93:.602/D3. 93

/0?=: 93 :3D18/04/ =023806: 61 3>23806: E13 230@/. J186: ;/8/ 6 30</=>3 96: /B=</23:- <60J68.3
068./ ( 3 )
/8/ /0?=: 3>23806: # 7=<6 8326

/8/ /0?=: 3>23806: # 7=<6 <18A6

/8/ /0?=: =023806: # 7=<6 8326

/8/ /0?=: =023806: # 7=<6 <18A6

 < :; S
023: 93 3:;3<=J=</8 1. /B=</23 ;/8/ 1:6- .39=8 6 9=Y.3286 96: J186: 96 /03B 6093 3B3 :38L
30</=>/96
: ;602/: 96 /B=</23 93A3856 30</=>/8 06: J186: 96 /03B- <6. 6 .H0=.6 93 J6BD/ ;6::HA3B
128/ J68./ 93 3:;3<=J=</8 1. /B=</23 ? .39=8 6 /03B <6. 1. ;/E1H.3286 06 :31 9=Y.3286
=023806- 6093 =8L .602/8 0/ ;34/ :3 J68 93 /;B=</456 3>2380/ 1- .39=8 6 9=Y.3286 3>23806 :3
J68 93 /;B=</456 =02380/ ;T:- <60:1B2/8 /: 2/73B/: 96 </2LB6D6 61 06 :=23 96 J/78=</023 3
A38=J=</8 3. E1/B J/=>/ :3 30</=>/.
10</ 3:.38=B@/8 /: ;602/: 96 /B=</23 ;/8/ 9=.=01=8 6 9=Y.3286- ;6=: 3::3 ;86<39=.3026
83.6A38L / </./9/ 93 9183O/ 3>2380/- 9=.=01=096 98/:2=</.3023 / A=9/ P2=B 9/ J388/.302/ 3
<60:3ER3023.3023 / ;389/ 9/ D/8/02=/
68./B.3023- 9/06: 0/: ;602/: 96: /B=</23: :56 </1:/96: ;68S
N E139/: 61 ;/0</9/:W
N 1:6 =093A=96- <6.6 ./1 9=.30:=60/.3026 3. /0?=: 056 =09=</96: 61 056 3:;3<=J=</96: 3W
N 1:6 93 3>230:G3: 06: </76:- </8/<238=O/096 3><3::6 93 J684/

) "

/B@/93=8/ 3 6 39/.3 :56 J388/.302/: 93 <6823: J3=2/: 93 1. <68;6 93 /46- 93 :3<456

<=8<1B/8- 832/0D1B/8- @3>/D60/B 61 6<26D60/B- <6. 1. 3>283.6 J68C/96- ;86A=96 93 <10@/-
23.;38/9/ 3 /J=/9/ <60A30=3023.3023- 3 61286 <@/0J8/96 9306.=0/96 </734/ 56 12=B=O/9/: ;/8/
<682/8 <@/;/:- 832=8/8 3><3::6 93 ./238=/B 3 /78=8 8/:D6:

)
 ! * " "

56 12=B=O/96: ;/8/ 832=8/8 ;=06: 61 J=>/8 ;34/: .3<Y0=</:- 3. D38/B

Z0=<6 3 /8/B3B6S

' "

56 12=B=O/9/: ;/8/ 83.6456 93 2/.;/:- 862683:- JB/0D3:- 32<W E13 3:23C/. :1C3=26: / /;3826:
B3A3:

# +

: :6E1323:- 2/.7?. <60@3<=96: 0/ B=0D1/D3. .3<Y0=</ <6.6 ]</<@=.76:I- :56 =09=</96: ;/8/ 6
/;3826 3 93:/;3826 93 ;68</: 3 ;/8/J1:6: 93 9=A38:6: ;38J=: 93 30</=>3 693. :38 <1826 61
B60D6- ;/8/ ;/8/J1:6: :3>2/A/96: 61 68>
6E1323 :3>2/A/96 3 3:28=/96S

6E1323: 3:;3<=/=: 93A3. :38 12=B=O/96: 3. ;/8/J1:/93=8/: ;031.L2=</: 93 =.;/<26 3 A=:/. /

=023D8=9/93 9/ J388/.302/ 3 / :3D18/04/ 6;38/<=60/B- 1./ A3O E13 :56 J=>/96: 06 E1/98/96 93
30</=>3

/8/ 12=B=O/456 96: :6E1323: :56 03<3::L8=6: ]/<3::T8=6:I E13 :3 /;83:302/. 0/: ./=: A/8=/:
J68./: 3 /;B=</4G3:- E13 <60J383. /6: :6E1323: 1. D8/093 D/./ 93 ;6::=7=B=9/93: 93 28/7/B@6

!
 JH A > T I S
# 2=B=O/8 6 :6E1323 93 /<6896 <6. / J684/ 03<3::L8=/ 93 /;3826 61 93:/;3826- 67:38A/096 6
B=.=23 .L>=.6 3:;3<=J=</96W
# 2=B=O/8 :6.3023 /<3::T8=6: /93E1/96: 3 83<6.309/96:W
# 56 /B238/8 /: J68./: 3 9=.30:G3: D38/=: 96: :6E1323:- ;6=: /B?. 93 ;86A6</8 / ;389/ 9/
D/8/02=/- J8/D=B=O/8 6 :6E1323- ;86A6</8 / ;389/ 9/ ;8623456 :1;38J=<=/B <6028/ / <6886:56 ;693
/=09/ ;86A6</8 /<=93023: 93 28/7/B@6

S
: </28/</: :56 .1=26 12=B=O/9/: 93A=96 / :1/ ;8/2=<=9/93 3 A38:/2=B=9/93 3/B=O/. 93 J68./
8L;=9/ 3 :=.;B3: .6A=.3026: 93 /;3826 3 93:/;3826 /28/A?: 93 .6A=.3026: D=8/2T8=6: <602H016:
693. :38 12=B=O/9/: 3. B6</=: 93 9=JH<=B /<3::6 3 <602/. <6. 1./ D8/093 B=0@/ 93 /<3::T8=6:

1:6 388Z036 9/: </28/</: D38/ 1. D8/093 H09=<3 93 9/06: : </28/</: 93A3. :38 12=B=O/9/:
<6.6 /<3::T8=6 ;/8/ /D=B=O/8 6 28/7/B@6 3 056 ;/8/ 2696 3 E1/BE138 0HA3B 93 /;3826
83:=:2F0<=/ /6 268E13 3. </28/</: ? 93238.=0/9/ 93 /<6896 <6. 6 2/./0@6 96 E1/98/96 93
30</=>3- <60J68.3 2/73B/S

+1/98/96 >23806 2/./0@6 6.3026 68468

06.=0/B L>=.6 M .N

#G+M=0E)- ? 0&
)G4M=6E-) ? &V&
#G&M=#&E1 ? -#&
)G+M=#6EV- ? #+#&
 #M=&-E+ ? &-#-

# % "

56 12=B=O/96: 3. 2/83J/: 93 93:.602/D3. 93 ;6B=/:- 30D830/D30:- 86B/.3026: 3 /<6;B/.3026:

:6783 3=>6:
56 9=:;60=7=B=O/96: 3. AL8=6: J68./26:- 2/./0@6: 3 2=;6:- :3096 7/:=</.3023S

1/: 61 28F: D/88/:S

$=>/: 82=<1B/9/: 93:B=O/023:

JH A > T O ', S
N A=2/8 3:J6846 93:03<3::L8=6 93 9/0=J=</456 96: J=B323: 93 86:</ 96 ;/8/J1:6 M2=8/023N
;8=0<=;/BW
N 382=J=</8 :3 E13 /: D/88/: 3:256 73. J=>/9/:- /;6=/9/: 0/ ;34/ / :38 83.6A=9/- ;/8/ 3A=2/8
;6::HA3=: /<=93023: 3 D/8/02=8 1./ /D=B=9/93 0/ 2/83J/W
N 3A3 :38 A38=J=</9/ / </;/<=9/93 93 268E13 96 :/</ ;6B=/: /023: 93 :1/ 12=B=O/456 ;/8/ 3A=2/8
:1/ E1378/ . /BD10: </:6:- :38L 03<3::L8=6 12=B=O/8 9=:;6:=2=A6: / E13023 M<@1A3=86:N- ;/8/
/E13<38 / ;34/ / :38 832=J=</9/ /28/A?: 96 ;86<3::6 93 /E13<=.3026- 9=B/2/456
N :2/ J388/.302/ 28/7/B@/ :3.;83 230:=60/9/ M<6. ;83::56N- ;682/026- 93A3 :3 3A=2/8 7/238
:6783 3B/ M;8=0<=;/B.3023 06 J1:6 86:</96N- ;6=: /B?. 93 9/0=J=</8 / J388/.302/- 2/.7?. ;693
</1:/8 1. D8/A3 /<=93023W
N 3.;83 E13 ;6::HA3B- 12=B=O/8 3>28/2683: 93 28F: D/88/: ;/8/ ./=68 :3D18/04/

+ ,

/8/ 1. .3B@68 302309=.3026 :6783 268E1H.3286 ? 03<3::L8=6 E13 :3C/ 73. 93J=0=96 6 <60<3=26
93 268E13

)@#+@# ' I
=.;682Y0<=/ 93 <60286B/8 6 /;3826 /;B=</96 3. 1. ;/8/J1:6

I I W
3 1./ J68./ 73. :=.;B=J=</9/- 268E13 ? / 83:1B2/023 93 1./ J684/ /;B=</9/ 3. 1. 93238.=0/96
78/46 93 /B/A/0</ 1/ JT8.1B/ ?S M g $ % "N :3096- g 268E13- $ g J684/ 3 " g <6.;8=.3026 9/
/B/A/0</
 + M Ng$ M$N % h M"N
0=9/93: 93 268E13: ./=: 1:/9/:S
. M 3` 260 .3286N
\ DJ . M\ =B6D8/./ J684/ .3286N
"7J J2 MB=78/ J684/ ;?N

A I W
. ;/8/J1:6: 3 ;8=:=603=86: E13 J=>/. ;34/:- <6.;603023:- <60C1026:- 32<

. C A < I A C W
/;B=</456 93 268E13 06 ;/8/J1:6 ;8691O 1./ 230:56 B=03/8 M3:2=</.3026N 3- <60:3ER3023.3023-
1. /B60D/.3026 96 .3:.6 M93J68./456 3BL:2=</N 3B/:2=<=9/93 96 ./238=/B 96 ;/8/J1:6 J/O <6.
E13 3::3 ;832309/ A6B2/8 / :1/ J68./ 68=D=0/B J=>/96- /::=.- 6 <60C1026

I ; A Q A C W
L8=6: J/2683: :56 B3A/96: 3. <60:=938/456 0/ J/78=</456 93 1. ;/8/J1:6 56 3B3:S
/2?8=/ ;8=./ MB/256- /B1.H0=6- /46 </87606- /46 B=D/96- /46 =06>=9LA3B- 32< NW
8/2/.3026 2?8.=<6 /;B=</96 06 ;/8/J1:6 >3.;B6S 2F.;38/- 83A30=.3026W
=;6 3 ;/::6 9/ 86:</W
</7/.3026 :1;38J=<=/BW
63J=<=3023 93 /28=26
696: 3:23: J/2683: =856 93238.=0/8 / <B/::=J=</456 93 83:=:2F0<=/ / E13 ;38230<3 6 ;/8/J1:6-
<60J68.3 068./: =02380/<=60/=:

L A C < W
2/./0@6 96 ;/8/J1:6 93A3 :38 93238.=0/96 ;3B6 262/B 93 230:56 03<3::L8=/ ;/8/ J=>/8 6
<60C1026 93 ;34/:- 930286 96: B=.=23: :3D186: 93 230:56 ;/8/ 9/96 ;/8/J1:6- <60J68.3
3:;3<=J=</456 96 ;86C326

, I > I A A C W
268E13 E1/096 3><3::=A6 ;693S
:;/0/8 6: J=6: 93 86:</ 96 ;/8/J1:6W
+1378/8 6 ;/8/J1:6W
.;30/8 1. <60C1026 J=>/96 ;68 ;/8/J1:6:- =.;39=096 :31 J10<=60/.3026 068./BW
:./D/8 C102/: 61 D/>32/:- ;86A6</096 /::=. A/O/.3026 93 D/:3: 3 BHE1=96:W
8=0</8 6 ;/8/J1:6- J/O3096 6 J/B@/8 ./=: 2/893- ;6096 3. 8=:<6 A=9/: @1./0/: 3
;/28=.Z0=6
268E13 E1/096 =0:1J=<=3023 ;693S
$/O38 </=8 6 ;/8/J1:6 93A=96 / A=78/4G3: 9/ .LE1=0/ 61 96 3E1=;/.3026W
B238/8 / A39/456 MC102/N- 6 E13 ;86A6</ 6 A/O/.3026 93 D/:3: 3 BHE1=96: 30283
<6.;603023: 93 .LE1=0/:- 32<W
6.;86.3238 6 93:3.;30@6 9/ .LE1=0/ 61 3E1=;/.3026 3. J10456 9/ J/B2/ 93
/B=0@/.3026 3 :1;6823 96: :31: <6.;603023: 30283 :=W
/1:/8 /<=93023: 3 9/06: /6 ;/28=.Z0=6
 6.3023 /28/A?: 93 1./ J388/.302/ 9306.=0/9/ ]268E1H.3286I ? E13 <60:3D1=83.6: /;B=</8 6
268E13 3:;3<=J=</96 : 268E1H.3286: 93A3. :38 <60:281H96: <60J68.3 ;83:<8=4G3: 8=D686:/: 93
1:=0/D3. 3 .602/D3. 56 J/78=</96: <6. ./E1=0L8=6 3:;3<HJ=<6 3 .56 93 678/ 3:;3<=/B=O/9/ E13
/::3D18/. / E1/B=9/93 96 =0:281.3026 3:<6B@/ <68832/ 9/ J388/.302/ ;/8/ /;3826 :=D0=J=</
:3D18/04/- 8/;=93O- J/<=B=9/93 3 E1/B=9/93 ;/8/ :31 28/7/B@6 /9/ 268E1H.3286 J6= 93:30A6BA=96
;/8/ 1./ 9=J383023 /;B=</456
3D13 /BD10: 2=;6: 93 268E1H.3286:S
• 268E1H.3286 93 3:2/B6 <6. 3:</B/ U :3. 3:</B/W
• 268E1H.3286 93 83BTD=6W
• 268E1H.3286 93 83BTD=6 <6. ;6023=86 93 /88/:23W
• 268E1H.3286 93 3:</;3 61 D=86 B=A83W
• 268E1H.3286 <6. </734/ =0238</.7=LA3BW
• 268E1H.3286 />=/BW
• 268E1H.3286 93 A/832/W
• 268E1H.3286 2=;6 ] IW
• 268E1H.3286 9=D=2/BW

)@#+@& 3
./ C102/ .3<Y0=</ 86:</9/ 6J383<3 / A/02/D3. 93 93:.602/D3. 8L;=9/ ;/8/ =0:;3456 61 83;/86
93 <6.;603023:S J=>/9683: ;693. :38 8312=B=O/96:
0:;34G3: 3 83;/86: ;693. :38 3J321/96: 06 </.;6 <6. 1. .H0=.6 93 J388/.302/:

$ $ %

J684/ 93 J=>/456 ? 672=9/ ;3B6 230:=60/.3026 96 ;/8/J1:6 3 / <60:3ER3023 <6.;83::56 96:

<6.;603023: 9/ C102/ 86:</9/
E1/B=9/93 ./=: =.;682/023 9/ C102/ ? / :1/ 83:=:2F0<=/ V: </8D/: 93 28/7/B@6 M28/456-
<6.;83::56- <=:/B@/.3026 3 A=78/456N ::/: </8D/:- E13 23093. / ;86A6</8 / :6B218/ 96:
<6.;603023: 9/ C102/- 93A3. :38 /7:68A=9/: ;3B/ J684/ 93 J=>/456 =091O=9/ 0/ C102/ 918/023 /
:1/ .602/D3. J684/ 93 J=>/456 93A3 :38 ./=68 96 E13 / :6./ 9/: </8D/: 93 28/7/B@6 E13 /D3.
:6783 3B/
 ;382/096 6: <6.;603023: 9/ C102/ 10: <6028/ 6: 61286: ;68 .3=6 93 J=>/9683: 86:</96:- J/O
<6. E13 6 <60C1026 :3 <6.;6823 <6.6 1./ P0=</ ;34/- 83:=:2=096 / 28/456 3 <6.;83::56 /;3826
2/.7?. /1.302/ / J8=<456 30283 6: <6.;603023:- E13 /::=. 83:=:23 .3B@68 / <=:/B@/.3026 3
A=78/456
/ C102/- / J8=<456- E13 3. .1=2/: 6128/: /;B=</4G3: 06: ]8617/cc;/823 96 06::6 3:J6846I- /;/83<3
/E1= <6.6 <6/9C1A/023- ;6=: 9=J=<1B2/ 6 .6A=.3026 96: <6.;603023: 30283 :=- 3A=2/096 / :6B218/

3 /;B=</8 1. /;3826 ;3E1306 93./=:- 6: <6.;603023: 9/ C102/ ;693. <6.34/8 / :6B2/8 :3

937/=>6 9/: </8D/: 93 28/7/B@6- 83:1B2/096 01./ J/B@/ </2/:28TJ=</
3 /;B=</8 1. /;3826 3. 3><3::6- ;693 :3 3:;/0/8 / 86:</ 96 J=>/968- D38/096 1./ 230:56 E13
1B28/;/::/ 6 B=.=23 93 83:=:2F0<=/ 96 J=>/968 61 30A38D/8 6: <6.;603023: 9/ C102/- <609=4G3:
3:2/: E13 ;83C19=</8=/. 6 76. 93:3.;30@6 96 ;869126
56 @L .3=6: ;8L2=<6: ;/8/ .39=8 / ;8? </8D/ 1. J=>/968

' " + U M$684/ 93 J=>/456N

/ ?;6</ 9/ 3B/768/456 96 ;86C326 96 ;869126 ? 03<3::L8=6 3:2/73B3<38 3.;=8=</.3023 1./
83B/456 30283 1. 268E13 /;B=</96 3 / ;8? </8D/ 83:1B2/023 06 J=>/968 3 / J684/ 93 J=>/456 672=9/
0/ C102/
:2/ <6883B/456 93;3093 93 AL8=6: J/2683: <6.6S
=;6 93 C102/S C102/ 3BL:2=</ 61 C102/ 8HD=9/W
=;6 93 86:</ M86:</ D86::/ 61 86:</ J=0/NW
6B38Y0<=/: 9/ 86:</ 96 J=>/968 U ;/8/J1:6W
$6BD/ 96 J186W
$68./26 9/ </734/W
>=:2F0<=/ 93 /8813B/: B=:/: 61 93 ;83::56W
</7/.3026 3 B178=J=</456 93 J/<3: <602/<2/023:W
38;309=<1B/8=9/93 61 ;/8/B3B=:.6 96: J=>/9683: 3 <6.;603023: 9/ C102/W
8/2/.3026 2?8.=<6W
6.;603023: 93 ./238=/B 9=J383023W
"6</B 93 /;B=</456 93 268E13 M;68</ 61 </734/ 96 ;/8/J1:6N

: 30:/=6: 93A3. :3.;83 :38 J3=26: 0/: <609=4G3: ./=: ;8T>=./: V 83/B=9/93 9/ .602/D3.
3;6=: 0/9/ .3B@68 E13 1. b23:23 93 </.;6b :67 /: <609=4G3: 83/=: 93 </8D/: 93 28/7/B@6 3
</8D/: 3>2380/:
3 / C102/ 056 J/B@/8 3 03. :3 :6B2/8- / 3:<6B@/ 96: <6.;603023: 9/ C102/ 3 6 ;86<3::6 93
.602/D3. <6. 6: 268E13: 12=B=O/96: J68/. ;38J3=26:

+
b 19=268=/ 93 268E13c ;8323093096 30<6028/8 6 268E13 /;B=</96 / .=0126:- @68/: 61 9=/: /28L: ?
1. ;86<3::6 91A=96:6- ;6=: E1/096 :3 2302/ 83=0=<=/8 / 862/456 9/ ;68</ 61 J=>/968 23. :3 E13
A30<38 / bJ8=<456 3:2L2=</c- E13 93A=96 /6 83B/>/.3026 96: <6.;603023: 9/ C102/ ;693 :38 73.
9=J383023 9/ bJ8=<456 9=0Y.=</cE13 3>=:2=/ 06 .6.3026 96 /;3826
1=26: J/2683: <6028=713. ;/8/ /B238/8 / 230:56 83:=91/B 96 J=>/968 3 <6. =::6 / J684/ 93
J=>/456 3>=:23023 0/ C102/S 3:2/96 93 B178=<=9/93- 9183O/ 93 9=J383023: 2=;6: 93 ./238=/=:-
D/>32/: 3 6 23.;6 E13 ;/::61 30283 / /;B=</456 93 268E13 3 / 2302/2=A/ 93 .39=8 / J684/ 93
J=>/456 83:=91/B
X .1=26 =.;682/023- E13 268E13: /;18/96: 3. 30:/=6: :3C/. 83:;3=2/96: 06 b<@56 93 JL78=</c
6;38/968 93A3 ;/8/8 93 /;B=</8 J684/ 256 B6D6 /2=0C/ 6 268E13 83<6.309/96 <60<3=26 ib1.
;61<6 ./=: 056 ;693 J/O38 ./Bc056 ? /<3=2LA3B

" %
/ ;8L2=</ 6<6883 1./ D8/91/B ;389/ 9/ J684/ 93 J=>/456 3. E1/:3 269/: /: C102/: 86:</9/:
;68E13 /: J/<3: 9/ C102/ 3. <602/26 /6: ;61<6: :6J83. 1. b0=A3B/.3026c 9/: =883D1B/8=9/93: 93
:1;38JH<=3 E13 9=.=01= / J684/ 93 J=>/456 3>=:23023
+1/096 :3 93A3 .602/8 1./ C102/ <6. .PB2=;B6: J=>/9683:- 3 30<6028/ :3 1. ;867B3./ 93
83B/>/.3026 ;3<1B=/8S 30E1/026 /;382/8 :3 1. J=>/968- 1. 61286 J=>/968- CL =0:2/B/96- ;3893 /
:1/ J684/ 93 J=>/456- ;68E13 / .19/04/ 9/: <609=4G3: 93 230:56 0/ C102/ ;86A6</ 1.
83B/>/.3026 B6</B=O/96
/8/ 9=.=01=8 3:23 =0<60A30=3023 3>3<12/ :3 6 /;3826 96: J=>/9683: 01./ b:3ERF0<=/ <81O/9/c- 61
01. ;/9856 3:;=8/B . 61286 ;86<39=.3026 ? /;382/8 6: J=>/9683: 3. AL8=6: b;/::6:cM3> S !_
(!_ !!_ 96 268E13 3:;3<=J=</96N- ./023096 6 ;/9856 93 b:3ERF0<=/ <81O/9/c61 b3:;=8/Bc
;8L2=</ 93 /;3826 3. AL8=6: b;/::6:c 61 b;/::/9/:c /C19/ / 3B=.=0/8 1./ 9/: </1:/: 96 7/=>6
/;86A3=2/.3026 93 268E13 ;/8/ D38/8 230:56 3 J684/ 93 J=>/456 06 J=>/968 3 0/ C102/- ;6=:
/;3826: 83;32=96: 8391O3. / J8=<456 30283 ;/823: <602/<2/023: :23 ;86<39=.3026 .1=2/: A3O3:
? 12=B=O/96 0/ .602/D3. 93 C102/: <8H2=</: M3> S /3860L12=</ 3 A3H<1B6:N
1286 J/268 E13 ;693 /J32/8 :17:2/0<=/B.3023 6 83B/>/.3026 9/ J684/ 93 J=>/456 01./ C102/ ? 6
3.;83D6 93 /8813B/: 937/=>6 9/ </734/ 96 ;/8/J1:6 9=Y.3286 96 J186 9/ /8813B/- /</7/.3026
9/ J/<3 93 <602/26 3 9183O/ 9/ /8813B/ =0JB130<=/. 6 83B/>/.3026 9/ J684/ 93 J=>/456 0/ C102/ 3
/ 230:56 06 ;/8/J1:6
86A/A3B.3023- / </1:/ 93 83B/>/.3026 ./=: <60@3<=9/ ? 6 3.;83D6 93 D/>32/: 93 A39/456 30283
96=: <6.;603023: 9/ C102/ /8/ 9/8 23.;6 ;/8/ / D/>32/ :3 /<6.69/8- ? /<60:3B@LA3B /;382/8 6:
;/8/J1:6: ./=: 1./ A3O ;/8/ <6.;30:/8 / J684/ 93 J=>/456 ;389=9/

)@#+@) ' , BA C I B
/8/ 3>3<12/8 6 :31 28/7/B@6 6 268E1H.3286 :3.;83 12=B=O/ 1. <68;6 3BL:2=<6 </B=78/96- 1./ 7/88/
06 .693B6 bA/832/c 61 83BTD=6- .6B/ @3B=<6=9/B 06 .693B6 b3:2/B6c 3 93 bD=86 B=A83c 3 3>230:Z.3286
M:28/=0 D/D3N 06 .693B6 b9=D=2/Bc- ;/8/ =09=</8 6 268E13 :3096 /;B=</96- 61 ;/8/ :=0/B=O/8 E13 1.
268E13 ;8? :3B3<=60/96 J6= /B</04/96

68E1H.3286: 93 :=0/B=O/456 93 268E13 = ?- E1/096 962/96: 93 </28/</ 61 93 61286

=.;B3.3026- <1C6 ;=06 E1/98/96 93:B6</ 6 ;6026 93 862/456 = ? 96 :6E1323 ;/8/ J83023 96 ;6026
93 /82=<1B/456 96 268E1H.3286 =7? 3>=D3. E13 / .56 96 6;38/968 /;B=E13 / J684/ 06 <30286 9/
3.;10@/918/ ;/8/ D38/8 6 268E13 93:3C/96

3:23 2=;6 93 268E1H.3286 ;693.6: 1:/8 3>230:G3: 06 </76 96 268E1H.3286- ;6=: =::6
/B238/8=/ 6 268E13 /;B=</96

&
+1/096 6 ;6026 93 862/456 = ? 96 :6E1323 <6=0<=93 <6. 6 ;6026 93 /82=<1B/456 96 268E1H.3286
=7?- / ;6:=456 9/ .56 96 6;38/968 056 =0JB1= 06 268E13 D38/96
3:23 2=;6 93 268E1H.3286 ;693 :3 /;B=</8 J684/ J68/ 96 <30286 9/ 3.;10@/918/ 3
% 06 </76 96 268E1H.3286- ;6=: =::6 " 6 268E13 /;B=</96
/8/ /;B=</8 268E13: 83B/2=A/.3023 7/=>6: :56 12=B=O/96: 268E1H.3286: b93 D=86 B=A83c E13 ;6::13.
.6B/ @3B=<6=9/B 3 9=:;6:=2=A6: B=.=2/9683: 93 28/0:.=::56 93 J684/ M</.3:- J8=<4G3:- 32<N E13
=.;393. E13 6 3=>6 ;86;1B:68 96 268E1H.3286 28/0:.=2/ 268E13: :1;38=683: VE13B3: ;8?
:3B3<=60/96:

+ , " M 68E1H.3286 93 B=.=2/456 93 268E13N

68E1H.3286 93 jD=86 B=A83j =.;393 E13 6 6;38/968 /;B=E13 1. 268E13 ./=68 96 E13 /E13B3
:3B3<=60/96 X .3:.6 V ;86A/ 93 23=.6:=/ 3 93:<1=96
+1/096 6 268E13 /BA6 ? /2=0D=96 6 <68;6 96 268E1H.3286 D=8/ 3. J/B:6 3 :6E1323 61 ;602/
30D/C/9/ 06 ;/8/J1:6 056 :3 .3>3. ./=:
3:</B/ .=<86.?28=</ ;38.=23 83D1B/D3. ;83<=:/- E13 ? ./02=9/ =0/B238/9/ 93A=96 / 1./ 28/A/
918/023 2696 <=<B6 93 28/7/B@6
268E1H.3286 93 jD=86 B=A83j 83/8./ /126./2=</.3023
68E1H.3286 93 D=86 B=A83 ? 6 ;83J38=96 0/: =09P:28=/: 9/ 3B328Z0=</ 3 =0J68.L2=</

% " "
93/B ;/8/ /;B=</456 93 268E13: 7/=>6:W
83<=:56S k _ 96 A/B68 =09=</96W
;38/456 7= 9=83<=60/BW
$68./26 />=/B J/<=B=2/ 6 28/7/B@6 3. L83/: 93 9=JH<=B /<3::6W
"3A3- 93 JL<=B ./03C6W
B2/ :30:=7=B=9/93 3 7/=>6 <63J=<=3023 93 J8=<456 96 .3</0=:.6 93 93:B=D/.3026 D/8/023.
;83<=:56 96 268E13 /;B=</96W

$ + ,
J=. 93 2680/8 ;6::HA3B / /;B=</456 93 268E13: <60:=:23023: 0/ B=0@/ 93 .602/D3. ? 03<3::L8=6
/J38=8 6: 268E1H.3286: 3. =0238A/B6: 3:2/73B3<=96: 3. 68./ 8/:=B3=8/

J I I B > C S
</9/ :3=: .3:3:W
+1/096 6<68838 9PA=9/ 06: 83:1B2/96: 672=96:W
</9/ !!! <=<B6: 93 28/7/B@6 ;/8/ 268E1H.3286: 93 :=0/B=O/456 93 268E13 M3:2/B6N 3 c93
B=.=2/456 93 268E13cMD=86 B=A83NW
</9/ ! !!! <=<B6: 93 28/7/B@6 ;/8/ 268E1H.3286: 93 b=09=</456 93 268E13c MA/832/-
83BTD=6- 9=D=2/BNW
;T: :6783</8D/:W
;T: E139/: 61 <@6E13: A=6B3026: :6J8=96: ;3B6 268E1H.3286W
;T: 83;/86: 3J321/96: 06 268E1H.3286

" + , $
* O < :; I B
/8/ 6: 268E1H.3286: /0/BTD=<6: M3:2/B6- 83BTD=6- A/832/- D=86 B=A83N 30283 !_ / !!_ 9/
</;/<=9/93 .L>=./ 96 268E1H.3286
/8/ 6: 268E1H.3286: 9=D=2/=: 30283 !_ / !!_ 9/ </;/<=9/93 .L>=./ 96 268E1H.3286
;83<=:56 =09=</9/ ;3B6 J/78=</023 96 268E1H.3286 :T :3 /;B=</ V: J/=>/: /<=./ 93 .696 E13 056
3>=:23 030@1. 268E1H.3286 E13 <6.3<3 93 O386l
X JL<=B 30230938 E13- E1/096 :3 23. E13 /;B=</8 U <60286B/8 268E13: ;3E1306:- .?9=6: 3 D8/093:
M3>3.;B6S .- .3( .N :38=/ ;83J38HA3B <6.;8/8 1. 268E1H.3286 <6. </;/<=9/93 93 !
/ !! . ;/8/ /230938 / 269/: /: 2/83J/:
(
 /: 056 @L 030@1. 268E1H.3286 <6. 3:2/ </;/<=9/93 E13 230@/ bD/8/02=/ 93 ;83<=:56c ;/8/ 269/
3:2/ J/=>/ : J/78=</023: D/8/023. / ;83<=:56 :6.3023 30283 !_ / !!_ 9/ </;/<=9/93
.L>=./ ;/8/ 268E1H.3286: /0/BTD=<6: 3 30283 !_ / !!_ ;/8/ 268E1H.3286: 9=D=2/=:
:6B1456 30256- ? <6.;8/8 ./=: 93 1. 268E1H.3286- <1=9/096 E13 6: A/B683: 93 268E13 / :383.
/;B=</96: :=213. :3 30283 !_ / !!_ 9/ </;/<=9/93 .L>=./
M >3.;B6S </;/<=9/93 .L>=./ 93 ! . E13 /23093 / /;B=</456 96: 268E13: 93 .3 .3
61286 93 </;/<=9/93 .L>=./ 93 !! . E13 /23093 6 268E13 3:;3<=J=</96 93 ( .N

" + , $
/8/ 67238 6 .3B@68 83:1B2/96 0/ /;B=</456 93 268E13 6 2=;6 93 J10<=60/.3026 96 268E1H.3286
3:<6B@=96 ? J109/.302/B
N 68E1H.3286: 93 =09=</456 93 268E13W
=;6 bA/832/c ;/8/ 83;/86: 3 ./01230456 /126.62=A/W
=;6 b83BTD=6c ;/8/ 83;/86: 3 ./01230456 93 3E1=;/.3026: E13 2F. C102/: <8H2=</:- 3>=D=096
.3068 9=:;38:56 93 268E13W
=;6 b9=D=2/Bc ;/8/ C102/: <6. ;83:<8=456 93 268E13 .H0=.6 3 .L>=.6- ;6::=7=B=2/096 /
96<1.302/456 96 268E13 /;B=</96 M@/89 <6;[NW
N 68E1H.3286: 93 :=0/B=O/456 93 268E13W
=;6 b3:2/B6c ;/8/ .602/D30: /126.62=A/: 3 =091:28=/=: 3. /.7=3023: @T:23=: M:1C3=8/- ;61</
A=:=7=B=9/93- .56 93 678/ 056 3:;3<=/B=O/9/NW
N 68E1H.3286: 93 B=.=2/456 93 268E13W
=;6 bD=86 B=A83c ;/8/ /;B=</456 93 268E13: 83B/2=A/.3023 7/=>6:- 3B=.=0/096 6 C1BD/.3026 96
6;38/968W

I :; I B A A :; > > ' J > S

N 68E13 / /;B=</8S 06 </:6 =93/B 6 268E13 / /;B=</8 93A3 :=21/8 :3 ;8T>=.6 V .32/93 9/
</;/<=9/93 .L>=./ 96 268E1H.3286W
N 6B38Y0<=/ 96 268E13 / /;B=</8S 6 268E1H.3286 93A3 238 1./ 83:6B1456 76/- E13 ;38.=2/
=9302=J=</8 <B/8/.3023 6093 J=</. 6: B=.=23: =0J38=683: 3 :1;38=683: 96 268E13 / /;B=</8 3 06::/
3:;3<=J=</456 ? 268E13 06.=0/B M/BA6N & .- <6. B=.=23 =0J38=68 93 . 3 <6. B=.=23 :1;38=68
93 ( .- 30256 . 268E1H.3286 <6. D8/91/456 93 3. . 056 :38A3 l
3:;/4/.3026 9/: 9=A=:G3: 93 E1/BE138 268E1H.3286 93A3 :38 D8/093 6 :1J=<=3023 ;/8/ ;38.=2=8
JL<=B =9302=J=</456 96: B=.=23: =0J38=683: 3 :1;38=683:
N 83<=:56 96 268E1H.3286S 93A3 67393<38 V 68./ 8/:=B3=8/ E13 678=D/ 6 J/78=</023 /
D/8/02=8 1./ ;83<=:56 93 m _ :6783 6 A/B68 93 268E13 =09=</96 61 /;B=</96 30283 !_ / !!_ 9/
</;/<=9/93 .L>=./ 96 268E1H.3286
N $68./26 96 268E1H.3286S 93A3 B3A/8 3. <60:=938/456 /: <609=4G3: 93 /<3::6 /6 J=>/968 3 6
3:;/46 9=:;60HA3B ;/8/ / /;B=</456 93 J684/ /6 268E1H.3286
/:6 CL 3:23C/ :3096 12=B=O/96 1. 268E1H.3286 E13 :/2=:J/O /: <609=4G3: /<=./- 83<6.309/ :3 /
<6.;8/ 93 1. =D1/B 61 3E1=A/B3023
6 <6.;8/8 1. 268E1H.3286 ;38.=2=096 / ;/82=<=;/456 93 1. ./=68 0P.386 93 J6803<39683: 0/
<62/456 056 =09=E13 / </;/<=9/93 96 268E1H.3286 E13 ;8323093 :17:2=21=8- ./: :6.3023 /:
</8/<238H:2=</: M # N /<=./ <=2/9/:

+
268E1H.3286 93 =09=</456 93 268E13 ./=: 1:/96 ? 6 268E1H.3286 93 83BTD=6
:=:23./ ./=: :=.;B3: ;6::1= 1. 83BTD=6 <6. 1. P0=<6 ;6023=86 E13- 918/023 / /;B=</456 93
J684/- ;38<6883 / 3:</B/ 3- /6 <3::/8 / J684/- A6B2/ / O386
/8/ J/<=B=2/8 6 28/7/B@6 <6. 268E1H.3286: <6.;8=96: 61 ;/8/ 3>3<12/8 23:23: 93:2812=A6: 3>=:23
6 83BTD=6 93 b;6023=86 91;B6c 61 b93 .3.T8=/cW 3B3 83D=:28/ 6 268E13 .L>=.6 /2=0D=96 :3D1096
;6023=86- /C1:2LA3B ./01/B.3023- ;693 :38 1:/96 <6.6 ;6026 93 83J38F0<=/- ;8? :3B3<=60/96
+1/096 :3 93A3 /;B=</8 268E13 3. L83/: 3:<18/: 61 =0/<3::HA3=: V A=:56 9=832/- ;693 :3 6;2/8 ;68
268E1H.3286: <6. :=0/B 93 B1O 61 :=0/B :60686 . /.76: 6: </:6: 6 ;6026 3. E13 93A3 6<68838 6
:=0/B ? ;83A=/.3023 :3B3<=60/96

)@#+@+ ' A I ' A :; I

6.6 / J684/ JH:=</ 96 6;38/968 <60:2=21= 1. B=.=23 ;/8/ E1/BE138 6;38/456 93 268E13- 3>=:23.
AL8=6: .693B6: 93 .1B2=;B=</9683: 93 268E13 <6. </;/<=9/93 /2? !! .
1B2=;B=</9683: 93 268E13 :56 2/.7?. =09=</96: E1/096 6 3:;/46 ;/8/ /;B=</456 93 268E13 ?
B=.=2/96
56 12=B=O/96: ;/8/ A/B683: 93 268E13 3B3A/96:- ;693096 6 268E13 3:2/73B3<=96 06 268E1H.3286
:38 .1B2=;B=</96 A3O3:- A3O3: 61 A3O3: :1;6823 96 <60C1026 /7:6BA3 / J684/ <6028L8=/-
:3096 3:23 J=>/96 3. /BD1./ ;/823 9/ .LE1=0/
3:<6B@/ 93 1. .1B2=;B=</968 :3.;83 93A3 68=302/8 :3 ;3B/ b</;/<=9/93 .L>=./ 93 /H9/c
0E1/026 6 30</=>3 93 3028/9/ 93 1. .1B2=;B=</968 ? JF.3/- 6 30</=>3 93 :/H9/ ? ./<@6 3 :3.;83
./=68 E13 6 30</=>3 93 3028/9/
1B2=;B=</9683: 93 268E13 ;693. :38 b/D81;/96:c MD/0D=0DN ;/8/ /1.302/8 :1/ </;/<=9/93 93
268E13- ;68?. 6 268E13 J=0/B /;B=<LA3B :3.;83 ? B=.=2/96 ;3B/ </;/<=9/93 .L>=./ 93 268E13 0/
:/H9/ 96 PB2=.6 .1B2=;B=</968

+
> ; I
0E1/026- 3>=:23. 2/73B/: <6.;B32/: 93 <60A38:56 93 268E13- 67:38A3 /7/=>6- ;6=:- E13. B=9/
J83ER3023.3023 <6. 268E13- 93A38=/ .3.68=O/8 /BD1./: 3E1=A/BF0<=/:S

. g m !- .KDJ
.KDJ g m ! .
B7 ;? g B7 ;6B
B7 ;6B g & 6O ;6B
. g m !-( B7 ;?
.KDJ g m (- B7 ;?
B7 ;? g m - .
B7 ;? g m !- .KDJ

h "
6.6 /: 10=9/93: 93 268E13 :3.;83 2F. 96=: <6.;603023: # J684/ M - KDJ-B7JN 3 <6.;8=.3026 9/
/B/A/0</ M<.- .- ;?- ;6B3D/9/N 93A3 :3 93:<60J=/8 93 1. ;6::HA3B 3886 E1/096 1. 93:23:
<6.;603023: 3:2L J/B2/096S
9 I #& X8M # ? X8C 61 X8C a
.KDJ ? !! A3O3: ./=68 E13 <.KDJ
9 I #- J M ? JC'A 61 JC'A a
B7J ;? ? A3O3: ./=68 E13 B7J ;6B
<6.10=</456 <B/8/ 0/ <60:1B2/ / 1. J6803<3968 ;6938L 3A=2/8 ;389/ 93 23.;6 3 93 9=0@3=86
;3B/ /E1=:=456 93 268E1H.3286: =0/93E1/96: /6 :38A=46
B/83O/ 0/ <6.10=</456 ? b.3=6 </.=0@6 /09/96c

)
 / .3:./ J68./- ? /<60:3B@LA3B <382=J=</8 :3 9/ 10=9/93 <68832/ 93 268E13 /023: 93 3.;83D/8 6
268E1H.3286 ;/8/ 93238.=0/9/ /;B=</456 ::=.- 3A=2/ :3 268E13: 7/=>6: 93./=: 3 268E13: 3.
3><3::6- ;6=: 3. /.76: 6: </:6: / C102/ 86:</9/ 96 06::6 ;869126 J/B@/8L

+ X " =, ' I ?
6 <@56 93 JL78=</ @/A38L ;86A/A3B.3023 ;6:26: 93 28/7/B@6 6093 1. 6;38/968 :3.;83 /;B=</ 6
.3:.6 268E13- 06 .3:.6 ;869126
/8/ 9=.=01=8 / ;6::=7=B=9/93 93 3886 @1./06 M0/ B3=218/ 9/ 3:</B/ 3>2380/- 61 06 /C1:23 96 268E13
3:;3<=J=</96N 3>=:23. 268E1H.3286: 93 :=0/B=O/456 93 268E13 M3:2/B6N E13 056 ;6::13. 3:</B/
3>2380/ 3 03. /<3::6 JL<=B /6 :=:23./ M=023806N 93 /C1:23 93 268E13
:23: 268E1H.3286: :56 </B=78/96: 01. /J38=968 93 268E13 ;68 ;86J=::=60/=: 3 93;6=: ? A39/96 6
/<3::6 /6 :=:23./ 93 /C1:23
+1/BE138 6;38/968 A/= /;B=</8 6 268E13 ;83:<8=26 0/ 3:;3<=J=</456 :3. 238 E13 :3 ;836<1;/8 <6.
/ 3:</B/- / 10=9/93 93 268E13- 32< X :T ;/8/8 93 /;B=</8 J684/ /6 61A=8 3 :302=8 6 :=0/B 93 b268E13
/2=0D=96c
:23: 268E1H.3286: :56 9=:;6:26: 06: .693B6: <6. <6B/8 93 30</=>3 ;/8/ 76</: =0238</.7=LA3=:
9=/023=8/:- 73. <6.6 <6. ;=06: E1/98/96: ;/8/ 30</=>3 93 :6E1323: 3- 06: .693B6: />=/=:- <6.
:1;6823: ;/8/ ;602/:

+ , " + = I 8 Y L ?
6 =021=26 93 2680/8 6 /;3826 ./=: :3D186 3 .306: 93;3093023 96 C1HO6 96 6;38/968 93 B=0@/-
3>=:23 1./ B=0@/ 93 268E1H.3286: 93 bB=.=2/456 93 268E13c 61 93 bD=86 B=A83c M b:60@6c 93 2696
;86C32=:2/N
:23: 268E1H.3286: ;6::13.- /B?. 9/ .6B/ @3B=<6=9/B </B=78/9/- 1. :=:23./ 93 3.783/D3. E13
28/0:.=23 / J684/ /6 ;=06 ;86;1B:68 +1/096 / J684/ D38/9/ ;3B6 6;38/968 3><393 / 230:56 9/
.6B/ :6783 / 3.783/D3.- 3:2/ <6.34/ / 93:B=O/8 MD=8/8 B=A83.3023N- =.;39=096 E13 ./=: J684/
:3C/ 28/0:.=2=9/ /6 ;=06 ;86;1B:68
L AL8=6: :=:23./: 93 3.783/D3.- ;68?. 2696: J10<=60/. 83/D=096 V J8=<456 3>=:23023 30283
.6B/ 3 3.783/D3. 3A=96 / 3:23 ;8=0<H;=6 6: 268E13: E13 ;693. :38 /2=0D=96: <6. <382/
83;32=7=B=9/93 :56 83B/2=A/.3023 7/=>6:
>=:23. 96=: .693B6: 7L:=<6:S 6 2=;6 b/>=/Bc E13 :3 /::3.3B@/ / 1./ <@/A3 93 J309/ 3 6 2=;6
b.691B/8cE13 ? 30</=>/96 30283 :6E1323 3 AL8=6: </76: 93 /<=60/.3026

+ h " = I G 8 ?
6.6 0/ .602/D3. 93 1./ C102/ 86:</9/ @L .1=2/: A/8=LA3=:- 2/=: <6.6S B178=J=</456- D8/1 93
9183O/ 93 J/<3: <602/<2/023:- /</7/.3026 93 :1;38JH<=3- J8=<456- 32< - E13 269/: /J32/. / J684/
93 J=>/456 672=9/- 3>=:23 6 ;38=D6 E13 1./ ;/8<3B/- ./=68 E13 ;B/03C/9/- 9/ J684/ D38/9/ 918/023
6 /;3826 :3C/ /7:68A=9/ ;68 3:23: J/2683: 93 9=JH<=B E1/02=J=</456
68 =::6- E1/096 1./ C102/ ? <60:=938/9/ b<8H2=</c;/8/ 6 76. J10<=60/.3026 96 ;869126- 12=B=O/ :3
6 ;86<3::6 b268E13 3 Y0D1B6c- 6093 / 3:;3<=J=</456- /B?. 93 =09=</8 1. 268E13 93 /;3826- 3>=D3 /
;6:238=68 862/456 96 J=>/968 ;68 1. 93238.=0/96 Y0D1B6- ;86<39=.3026 3:23 E13 B3A/8L 6 J=>/968
;8T>=.6 / :1/ 83D=56 93 3:<6/.3026- D/8/02=096 /::=. E13 J6= D38/9/ J684/ 93 J=>/456 :1J=<=3023
;/8/ 83:=:2=8 / 269/: /: </8D/: 93 28/7/B@6
=:;6:=2=A6 ;/8/ .39=456 /0D1B/8S

!
)@#+@+ ' A I B
I B / S :31 J10<=60/.3026 7/:3=/ :3 0/ JB3>56 9/ @/:23 B3=218/ 96 268E13 ?
J3=2/ 9=832/.3023 0/ 3:</B/

I B " 8 S :31 J10<=60/.3026 ? 7/:3/96 0/ 268456 9/ </734/ 96 E1/98/96 93

30</=>3

I B S :31 J10<=60/.3026 ? 7/:3/96 01. :=:23./ 93 /B/A/0</: =0238;6:2/: E13

;86A6</. 1. 3:J6846 :6783 1./ .6B/- 3 1. <60:3ER3023 3:2/B6

I B 8 S ;6::13. ;83<=:56 93 m _ 96 268E13 =09=</96- =09=</456 <6. :=0/B /<P:2=<6 3

B1.=06:6 /6 /B</04/8 6 268E13 ;86D8/./96

+ ' * "" , !

# "

56 J388/.302/: E13 J10<=60/. ;3B6 /8 <6.;8=.=96 /8 ;86A30=3023 93 1. <6.;83::68 93A3 :38

B=.;6 3 93:1.=J=</96- <6. ;83::56 3:2/7=B=O/9/ 3 .=:218/96 <6. TB36 ;/8/ B178=J=</456 9/: ;/823:
=02380/: 9/ ./=68=/ 9/: J388/.302/:
 / =0:2/B/456 9/: J388/.302/: ;031.L2=</:- / ;/82=8 93 1./ 8393 93 /8 <6.;8=.=96 12=B=O/ :3
;/8/ </9/ ;6026 61 J388/.302/ 1./ 10=9/93 93 <60:38A/456 MJ=B286 83D1B/968 B178=J=</968N E13
D/8/02=8L 83B/2=A/ ;8623456 /6 <60C1026
./=68=/ 96: ;867B3./: J10<=60/=: 9/: J388/.302/: ;031.L2=</: 3:2L 83B/<=60/9/ <6. /
E1/B=9/93 96 /8 <6.;8=.=96- ;8=0<=;/B.3023 / 1.=9/93 3 ;/82=<1B/96:
=A38:/: 2?<0=</: 3 ;869126: :56 /21/B.3023 12=B=O/96: 01./ =0:2/B/456 93 /8 <6.;8=.=96- 2/=:
<6.6S :3</9683: 93 /8- J=B286: 3 ;18D/9683:- /B?. 93 1. B/[ 612 <688326 9/: B=0@/:
>3.;B6 93 =0:2/B/456S

3<6.309/ :3S
38=J=</8 6 <60:1.6 93 /8 93 </9/ J388/.302/ ;/8/ /93E1/456 93 A/O56 9/ 8393W
:2/7=B=O/8 / ;83::56 30283 & 3 ( KDU<.f W
3D1B/8 6 B178=J=</968 ;/8/ .=:218/8 93 / D62/: ;68 .=0126 93 TB36 MD8/1 93
A=:<6:=9/93 NW

@/A3 93 =.;/<26S :56 12=B=O/9/: ;/8/ /;3826 93 ;/8/J1:6: 3 ;68</: <6. D8/093 A3B6<=9/93 3
268E13- ;6::1=096 1. :=:23./ /1>=B=/8 93 /;3826 M=.;/<26N E13 /1.302/ :1/ ;38J68./0<3

:.38=B@/93=8/:
"=>/93=8/:

$18/93=8/:

8 S
:<6B@38 <68832/.3023 / </;/<=9/93 93 </9/ J388/.302/ 3. J10456 9/ 3>=DF0<=/ 96
:38A=46W
023: 96 =0H<=6 9/ 6;38/456 A38=J=</8 / ;83::56 93 28/7/B@6- 9830/8 6: ;6026: 93
<60930:/456 93 LD1/ 3 A38=J=</8 6 :=:23./ 93 B178=J=</456W
/;3826 J=0/B <6. 1./ <@/A3 93 =.;/<26 056 93A3 1B28/;/::/8 / :3D1096:- <6.6 J68./
93 /1.302/8 / 918/7=B=9/93 9/ J388/.302/W
.768/ /: <@/A3: 93 =.;/<26 6J383<383. 1. 76. 268E13- 83<6.309/ :3 3. :38A=46:
<8=238=6:6: 6 1:6 96 268E1H.3286- <6.6 /;3826 J=0/BW
2=B=O/8 :6E1323: /;86;8=/96: ;/8/ /: <@/A3: 93 =.;/<26W
A/B=/8 /: <609=4G3: 93 J10<=60/.3026 3 268E13 93 </9/ J388/.302/

- . , , " / "$

BD1./: /2=A=9/93: 93 ./01230456 <6.6 B3A/02/.3026 3 ;6:=<=60/.3026 93 <60C1026:- /88/:23 93

.LE1=0/:- 93:.602/D3. 3 .602/D3. 93 <60C1026: M;6B=/:- 30D830/D30:- /<6;B/.3026:-
86B/.3026:- 32< N 3 0/ .6A=.302/456 93 </8D/:- 3. D38/B- 3>=D3. 12=B=O/456 93 3E1=;/.3026:
/1>=B=/83:
 # +

-@&@# L
/B@/ 93 /B/A/0</
/B@/ 93 <6883023

56 12=B=O/9/: 06 ./03C6 93 </8D/: B3A3:- .?9=/: 3 ;3:/9/: ;693096 <6. 9=J383023: .693B6:
/230938 / 1./ J/=>/ 93 !- V ! 2603B/9/:
6. 3><3456 9/: 2/B@/: 93 /B/A/0</ E13 2/.7?. ;693. :38 12=B=O/9/: 3. 6;38/456 93 /88/:23- /:
93./=: 2/B@/: ./01/=: J68/. ;86C32/9/: ;/8/ 28/7/B@6: 3. ;6:=456 A382=</B- /B=0@/9/: V </8D/-
3A=2/096 /::=. 6 3.7/8/4/.3026 9/: <6883023:
: 2/B@/: ;6::13. 1. :=:23./ 93 J83=6 E13- 930286 96: B=.=23: 93 </8D/ ;8? 3:2/73B3<=96:-
;86;68<=60/. / 83230456 93 </8D/ 3. E1/BE138 ;6026 96 ;38<18:6 3 /=09/ ;38.=2=8 1./ 93:<=9/
:1/A3

A :;
L B3A/02/.3026 61 /7/=>/.3026 9/ </8D/ ? J3=26 ;3B6 D=86 96 A6B/023
J8602/B ;/8/ 6 :302=96 @68L8=6 61 /02= @68L8=6 83/B=O/96 ;3B/ <6883023 93 /<=60/.3026

L > B3A/02/.3026 9/ </8D/ ? 83/B=O/96 ;3B6 .6A=.3026 9/ /B/A/0</ E13 ;6::1=

:=:23./ 93 </28/</ /7/=>/.3026 9/ </8D/ 2/.7?. ? 83/B=O/96 ;3B/ .3:./ /B/A/0</ 3. :302=96
93 D=86 =0A38:6- ;68?.- :3. /21/456 96 :=:23./ 93 </28/</ :3B3456 9/ ./0678/ ? J3=2/ ;68 1.
D/2=B@6 B6</B=O/96 C1026 V /B/A/0</
: 2/B@/: 93 /B/A/0</ ;6::13.- /=09/- / ;6::=7=B=9/93 9/ <6883023 93 </8D/ D=8/8 B=A83- 61 :3C/-
;6938L @/A38 1./ /;86>=./456 8L;=9/ 9/ <6883023 3. 83B/456 V </8D/ /B/A/0</ 93A38L :38
<6B6</9/ 0/ ;6:=456 03128/ / ;/82=8 96 ;6:=<=60/.3026 96 D/2=B@6 M30</=>3 06 302/B@3 .3068N- /
<6883023 93A38L 3:2/8 :3D18/ <6. / .56 3 / 86:32/ M;34/ B6</B=O/9/ V J83023 9/ 2/B@/N D=8/ 9/ 06
:302=96 <60J68.3 / J=D18/ - /2? / .6B/ :3 30</=>/8 0/ </A/ 3>=:23023 0/ /8813B/ 96 ;=0@56
<3028/B /8/ 7B6E13/8 6 J83=6 M<6883023 ;/8/ 28/<=60/8N- D=8/8 / 86:32/ <6. / .56 06 :302=96
=09=</96 0/ J=D18/ & /2? 61A=8 6 81H96 96 D/2=B@6 96 J83=6 0/ </28/</

S 56 :3 93A3 J684/: / 86:32/ 2302/096 D=8L B/ E1/096 / 2/B@/ 3:2=A38 230<=60/9/ ;3B/ </8D/
 8 L
"178=J=</8 ;38=69=</.3023 6 283. 93 30D830/D30: B6</B=O/96 0/ ;/823 28/:3=8/ 9/ 2/B@/
M832=8/8 2/.;/N 86:</ 96 A6B/023 M61 <686/N 832=8/096 :3 / 2/.;/ 9=/023=8/ 61 / 86:32/ 3
/B/A/0</ 06 </:6 9/: 2/B@/: 93 /B/A/0</- ;86<39=.3026 E13 A=:/ 6 76. J10<=60/.3026 96 J83=6 3
/=09/ 2680/ :3 <60A30=3023 V B178=J=</456 9/ <6883023 93 </8D/ E1/096 /: <609=4G3: 93 28/7/B@6
;38.=23.
S A=2/8 / 3028/9/ 93 B178=J=</023: 06: 9=:<6: 93 J=78/ 96 J83=6
8/>/ =09=</9/S <60:=:2F0<=/ "
10</ B3A/02/8 / </8D/ /<=./ 9/ </;/<=9/93 9/ 2/B@/

56 268<38 61 9678/8 /: <6883023: 9/ </8D/

7:38A/8 :3 918/023 6 =4/.3026 9/ </8D/ 056 @/C/ E1/BE138 67:281456

$=>/8 6 D/0<@6 9/ 2/B@/ <6. :3D18/04/ M./0=B@/- B/46 61 6B@/B 93A3. :38 ;6:=<=60/96: 06 .3=6
96 D/0<@6N 3 010</ 0/ ;602/ 96 D/0<@6
56 9/8 A6B2/ <6. 6 .6=256 30283 /: <6883023:

56 /./88/8 / </8D/ <6. / <6883023 9/ 2/B@/

/ 12=B=O/456 93 /./88/:- 67:38A/8 E13 6 Y0D1B6 .L>=.6 93 28/7/B@6 056 1B28/;/::3 n

A=2/8 ./1: 28/26: <6. 6 3E1=;/.3026

&
 "=.;3 6 3E1=;/.3026 3 D1/893 3. B6</B ;8623D=96

8 8 : L
696: 6: =230: 83B/<=60/96: /<=./ <6883:;6093. / :3D18/04/ 6;38/<=60/B 9/: 2/B@/: ./1 1:6
96 3E1=;/.3026 E13 ;6938L 9/0=J=<L B6 83;83:302/ 1. 8=:<6 V :3D18/04/- 3 <6.6 :3 28/2/ 93
./01:3=6 93 </8D/: ;6938L D38/8 D8/A3: /<=93023: 93 28/7/B@6
56 B3A/02/8 61 /7/=>/8 3><3::=A/.3023 1./ </8D/W
56 93:.6023 61 J/4/ E1/BE138 83;/86 <6. / 2/B@/ </883D/9/W
56 B178=J=E13 /: /8813B/: 93 J=78/ 96 J83=6- ./: B=.;3 6: ./238=/=: 3:28/0@6:W
56 :1:;30938 / </8D/ <6. =0<B=0/456 3><3::=A/ 9/ <6883023W
0:;3<=60/8 ;38=69=</.3023 6 3E1=;/.3026 MD/0<@6:- <6883023- 32<N

-@&@& L $ L = "* "?

56 3E1=;/.3026: 12=B=O/96: ;/8/ B3A/02/8- /7/=>/8 61 /88/:2/8 </8D/: 3. D38/B 3. E1/BE138
9=83456- <6. E1/BE138 9=:2Y0<=/ 3 <6. ;83<=:56 .=B=.?28=</ 93 ./0678/
$10<=60/ <6. </76 93 /46- 96=: C6D6: 93 .6893023: E13 :3 /783. 3 J3<@/. /B2380/9/.3023 <6.6
91/: .56: E13 ;1>/. 6 </76 0/ :17=9/ 3 :3D18/. 0/ 93:<=9/
: .6893023: :56 B3A/96: / J3<@/83. :3 ;3B/ /456 9/ </8D/- /::=. E1/026 ./=68 / /456 9/ </8D/
./=68 :38L / <609=456 93 /;3826

(
 A :;
</76 93 /46 ? =028691O=96 06 2=8J68 ;3B6 68=JH<=6 :3096 B=738/96: 6: .6893023: ;3B/ /B/A/0</
3 28/A/ 9/ /B/A/0</ - <6. / ;602/ 96 </76 1B28/;/::/096 / ;/823 J8602/B 96 2=8J68 :6B2/ :3 /
/B/A/0</ 3 3J32=A/ :3 6 28/A/.3026
o : /B/A/0</: 3 93A3. 3:2/8 A6B2/9/: ;/8/ 28L:
/B/A/0</ 93:2=0/ :3 /6 /A/046 96 </76 3 /B/A/0</ /6 8326806 96 </76

8 C
56 12=B=OL B6 /B?. 9/ </;/<=9/93 3:2/73B3<=9/ ;3B6 J/78=</023W
382=J=</8 :3 96 9=Y.3286 96 </76 / :38 12=B=O/96 ;/8/ </9/ .693B6 96 2=8J68W
"=.;/8 3 B178=J=</8 ;38=69=</.3023 :31 .3</0=:.6 =023806W
A=2/8 ;/0</9/: 61 E139/: 96 3E1=;/.3026W
6:=<=60/8 B/46:- ./0=B@/:- 6B@/=: 0/ ;/823 <3028/B 96: D/0<@6: 96 2=8J68 3 96 </76 93 /46W
7:38A/8 918/023 / 6;38/456 9/ </8D/- 67:2814G3: 056 ;83A=:2/:W
38=J=</8 6 3:2/96 D38/B 96 </76 93 /46 M/8/.3- ;380/- 268456- 9678/:- 32< N E13 /B?. 9/
:3D18/04/ 6;38/<=60/B- ;6938L 28/A/8 3 9/0=J=</8 6 .3</0=:.6 =023806 96 2=8J68W
;T: 6 1:6 832=83 6 </76- 3086B/096 6 /93E1/9/.3023 "=.;3 3 D1/893 3. B6</B ;8623D=96

8 8 : A C
696: 6: =230: 83B/<=60/96: /<=./ :3 056 :3D1=96: 8=D686:/.3023 <6.;86.323. /: <609=4G3: 96
3E1=;/.3026 3 ;693856 </1:/8 /<=93023: 918/023 / 6;38/456
56 B3A/02/8 61 /7/=>/8 3><3::=A/.3023 1./ </8D/W
56 93:.6023 61 J/4/ E1/BE138 83;/86 <6. 1. 2=8J68 </883D/96

-@&@) F H
: ./=: 1:/96: 0/: =09P:28=/: :56 <60C1026: J68./96: ;68 <=B=0986: 3 76.7/:
: ./</<6: @=98L1B=<6:- /::=. <@/./96:- 93:93 :1/ =0A30456- :56 3E1=;/.3026: 12=B=O/96: ;/8/
B3A/02/.3026 3 ;6:=<=60/.3026 93 </8D/:- .3:.6 3. ;3E130/: 9=:2Y0<=/:

F H S X <60:2=21H96 93 <=B=0986 M2176N- F.76B6 61 ;=:256- @/:23

<=B=0986 @=98L1B=<6 28/0:J68./ / 3038D=/ @=98L1B=</ 3. 3038D=/ .3<Y0=</- 61 :3C/- 6 TB36

;86A30=3023 9/ 76.7/ /21/ :6783 / L83/ 96 3.76B6 E13 =.;1B:=60/ / @/:23
: .693B6: 93 <=B=0986: ;693. A/8=/8 93 /<6896 <6. / J68./ 93 /21/456- :3096S
=;6 93 /A/046 M8326806 ;68 ;3:6 61 ;68 .6B/N

=;6 93 /A/046 3 8326806

 =;6 93 8326806

: <=B=0986: @=98L1B=<6: :56 2/.7?. 3:;3<=J=</96: ;3B/ :1/ </;/<=9/93 93 </8D/ M2603B/9/:N 3 :31
<18:6 93 /21/456
7 J S 56 <60C1026: <60:2=21H96: 93 83:38A/2T8=6: 93 TB36- 76.7/ 3 ALBA1B/ 93
:3D18/04/ BD1./: ;6::13. ./0Z.3286 =0:2/B/96 06 ;8T;8=6 <68;6

: 76.7/: 28/0:J383. 6 TB36 96 83:38A/2T8=6 ;/8/ 6 <=B=0986 E13 /6 /21/8 :67 / </8D/ D38/8L 1./
;83::56 23096 1. A/B68 .L>=.6 3:2/73B3<=96 ;68 1./ ALBA1B/ 93 :3D18/04/
B=D/456 30283 / 76.7/ 3 6 <=B=0986- ? J3=2/ ;68 1./ ./0D13=8/ @=98L1B=</ <6. 30D/23: 8L;=96:

:;
/8/ 3:<6B@/ 96 <=B=0986 =93/B ;/8/ 3>3<1456 93 1. 93238.=0/96 28/7/B@6 ? 03<3::L8=6 1. 76.
<60@3<=.3026 9/ </8D/ M2603B/D3.N 3 96 93:B6</.3026 .L>=.6 E13 / </8D/ ;6938L :6J838 0/
6;38/456 83A=:HA3=: 93:A=6: B/238/=: 9/ </8D/ 918/023 :1/ .6A=.302/456 2/.7?. 93A3. :38A=8
93 ;/8Y.3286 ;/8/ 3:<6B@/ 96: <=B=0986:- CL E13 :1/ @/:23 ;6938=/ JB3>=60/8 3 9/0=J=</8 6
<60C1026

:; J J
;/82=8 9/ 3:<6B@/ 96 <=B=0986 3:<6B@3 :3 / 76.7/ =93/B E13 :38L VE13B/ </;/O 93 ;8330<@38 <6.
TB36 6 A6B1.3 .L>=.6 D38/96 06 <=B=0986 06 93:B6</.3026 93 :1/ @/:23- 3. 1. 23.;6 ;8?
3:2/73B3<=96
2/73B/ / :3D1=8 .6:28/- <6.6 3>3.;B6- / 3:<6B@/ 9/: 76.7/: 3 <=B=0986: 9/ ./8</

:; J J
:3 3:2/ 2/73B/ ;/8/ 93238.=0/8 :3 / </;/<=9/93 93 TB36 93 :1/ 76.7/ ? :1J=<=3023 ;/8/
9=:230938 <6.;B32/.3023 6: <=B=0986:

)
 /./0@6 96 =B=0986

A :;
6;38/456 96 <60C1026 <=B=0986 U 76.7/ ? :=.;B3: ;T: 6 ;6:=<=60/.3026 06 B6</B 93 28/7/B@6-
J3<@/ :3 / ALBA1B/ 93 /B=A=6 M2=;6 76876B32/N 3 =0=<=/ :3 6 76.73/.3026 93 TB36 ;/8/ /B/A/0</

8 Q G J J
56 3><39/ / ;83::56 3:2/73B3<=9/ 61 / </;/<=9/93 93 J684/ 96 3E1=;/.3026W

&!
023: 96 76.73/.3026- A38=J=</8 :3 /: ./0D13=8/: 056 3:256 9678/9/:W

56 B3A/02/8 </8D/: :1C3=2/: / 93:B6</.3026 B/238/B 918/023 / 6;38/456W

56 93=>3 67C326: ;3:/96: 61 ;602=/D196: </H83. :6783 / ./0D13=8/W

&
 56 </883D13 6 3E1=;/.3026 :3D18/096 ;3B/ ./0D13=8/W

56 23023 3><3938 6 <18:6 .L>=.6 96 <=B=0986 3A=2/096 /::=. 9/06: V: A39/4G3: <6. 3:J6846
93:03<3::L8=6W

38=J=E13 ;38=69=</.3023 6 3:2/96 D38/B 96 <60C1026 MA/O/.3026:- /./::/.3026:- ./0D13=8/:-

./0Z.3286- 32< NW
023: 9/ 12=B=O/456 A38=J=E13 6 0HA3B 93 TB36 96 83:38A/2T8=6W
56 3>;60@/ 6 3E1=;/.3026 / 23.;38/218/: :1;38=68 / (!e >=:23 3E1=;/.3026 ;86C32/96
;/8/ <609=4G3: 93 23.;38/218/ :1;38=68W
56 7/238 06 <=B=0986 ;/8/ ;6:=<=60L B6 :67 / </8D/W
;T: 6 1:6- B=.;3- 83<6B@/ / @/:23 96 <=B=0986 3 D1/893 6 3E1=;/.3026 3. B1D/8 ;8623D=96

8 8 : A L H
: <1=9/96: D38/=: <6. 6 3E1=;/.3026 83JB323. 0/ :3D18/04/ 6;38/<=60/B- ;6=: 6 28/7/B@6 30A6BA3
</8D/: E13 ;693856 68=D=0/8 /<=93023: D8/A3:
56 <60J=3 0/ ALBA1B/ B6</B=O/9/ 0/ 76.7/ ;/8/ :1:2302/456 93 1./ </8D/ :3 ALBA1B/:
/;86;8=/9/: ;/8/ ./0238 6 <=B=0986 ;83::18=O/96W

&
56 :3 ;6:=<=603 :6783 / /B/A/0</ 9/ 76.7/W

56 28/7/B@3 :67 / </8D/ /;6=/9/ ;3B6: <=B=0986: @=98L1B=<6:W

86A=930<=3 1./ 7/:3 :TB=9/ /023: 93 =0=<=/8 6 B3A/02/.3026 9/ </8D/W

86A=930<=3 /;6=6 /93E1/96 ;/8/ / </8D/W

&
 "3.783 :3 E13 6: ./</<6: @=98L1B=<6: 28/7/B@/. :67 /B2/ ;83::56 M(!! KDU<.f N <6.
</;/<=9/93 93 J684/ 3B3A/9H::=./

-@&@+ ,
56 3E1=;/.3026: 93:2=0/96: V .602/D3. 3 93:.602/D3. 93 <60C1026: .3<Y0=<6: M;6B=/:-
/<6;B/.3026:- JB/0D3:- 86B/.3026:- 30D830/D30:- 32< N <6.6 2/.7?. ;/8/ 93:3.;30/8 61 9678/8
3=>6:- /B?. 93 6128/: /;B=</4G3:
: ./=: 1:/9/: :56 ;830:/: @=98L1B=</:- ;693096 238 /<=60/.3026 ./01/B 61 .6268=O/96
: ;830:/: :56 </8/<238=O/9/: ;68 1./ 3:281218/ 83J684/9/ <6. 1. :1;6823 J=>6 6093 :3
30<6028/ =0:2/B/96 6 <=B=0986 @=98L1B=<6 3 1./ .3:/ .TA3B :1;682/9/ ;68 7/23023: 3 83D1B/9/ ;68
</76: 93 /46 6093 /;6=/8L 6 <60C1026 / :38 28/7/B@/96
56 3:;3<=J=</9/: ;3B/ :1/ </;/<=9/93 93 </8D/ 3. 2603B/9/: 3 :1/: 9=.30:G3: 3:281218/=:-
3.768/ 230@/. ;3E130/ A/8=/456 30283 6: J/78=</023:

A :;
6;38/456 30A6BA3 1. 76. <60@3<=.3026 2?<0=<6 96 <60C1026 / :38 93:.602/96 61 .602/96- 6
E13 <1B.=0/ 06 .3B@68 ;6:=<=60/.3026 0/ ;830:/ <6.6 2/.7?. 0/ J684/ /;B=</9/
:=:23./ @=98L1B=<6 ? :3.3B@/023 /6 96: ./</<6: @=98L1B=<6:- :3096 6 /<=60/.3026 3>3<12/96
;68 .6A=.3026: 93 1./ /B/A/0</ /;T: 6 J3<@/.3026 9/ ALBA1B/ 93 8326806
</8D/ /;B=</9/ ? /<6.;/0@/9/ ;68 1. ./0Z.3286 <6. B3=218/ 3. 2603B/9/:

8 A
56 1B28/;/::/8 / </;/<=9/93 3:;3<=J=</9/ ;/8/ </9/ .693B6W
;T: / 83D1B/D3. 93 /B218/ 9/ .3:/ .TA3B- <382=J=E13 :3 93 E13 6: </76: 93 /46 056 3:23C/.
230:=60/96:W
: ;830:/: 068./B.3023 ;6::13. 1. ;/8/J1:6 0/ </734/ 9/ @/:23 96 <=B=0986 @=98L1B=<6 ;/8/
1./ /;86>=./456 8L;=9/ 7:38A3 6 <18:6 26B38LA3B 93:23 ;/8/J1:6 ;/8/ E13 056 9/0=J=E13
918/023 / ;830:/D3.W
: <60C1026: / :383. ;830:/96: 056 ;693. :6J838 93:A=6: B/238/=: 918/023 / ;830:/D3.W
382=J=E13 9/ 3>=:2F0<=/ 93 A/O/.3026: 96 :=:23./ @=98L1B=<6 3 A38=J=E13 6 0HA3B 93 TB36 96
83:38A/2T8=6

8 8 : A A @
7:38A3 6: =230: 93 :3D18/04/ 83B/<=60/96: <6. 6 3E1=;/.3026- ;6=:- 3:23: <6.;86.323. /
:3D18/04/ 6;38/<=60/B
382=J=E13 :3 9/: <609=4G3: 93 </8D/ ;/8/ 93:.602/D3. 61 .602/D3. 96 <60C1026 3 <6.;/83
<6. / </;/<=9/93 96 3E1=;/.3026W
3JB=2/ <1=9/96:/.3023 :6783 6 .3B@68 ;6:=<=60/.3026 96 <60C1026 / :38 ;830:/96 06
3E1=;/.3026 8=3 9=:;6:=2=A6: :3D186: :3 03<3::L8=6W

&
 0=<=3 / 6;38/456 93 ;830:/D3. 93 J68./ D8/91/B- :3.;83 67:38A/096 /: 83B/4G3: 96
<6.;603023 3 96 3E1=;/.3026W
6:=<=603 9/ J68./ ./=: :3D18/ ;6::HA3B 9=/023 9/ ;830:/- 3A=2/096 :38 /2=0D=96 ;68 ;/823:
.32LB=</: ;86A30=3023: 93 1./ E1378/ /<=9302/B 93 1. <6.;603023 .3<Y0=<6W
6 :=0/B 93 E1/BE138 /068./B=9/93- /78/ / ALBA1B/ 93 8326806- ;30:3 0/ :=21/456 3 83=0=<=3 /
;830:/D3.

-@&@- $ L L H A C
56 3E1=;/.3026: 12=B=O/96: ;/8/ .6A=.302/456 93 </8D/:- 3. D38/B 930286 93 6J=<=0/:
.3<Y0=</:
. 76. 3>3.;B6 93 /;B=</456 ? / 832=8/9/ 3 / 83<6B6</456 93 .62683: 93 /126.TA3=: 3
</.=0@G3:
6::13. 1. :=:23./ @=98L1B=<6 93 /<=60/.3026 ./01/B ;/8/ B3A/02/.3026 9/ B/04/ E13 ;693 :38
23B3:<T;=</ 6::1= 869/: ;/8/ ./0678/: 3 28/A/.3026 56 3:;3<=J=</9/: ;3B/ </;/<=9/93 93
</8D/ 3. 2603B/9/: 3 ;3B/: 9=.30:G3: 3:281218/=:

1/ 6;38/456 ? :=.;B3:- :3.3B@/023 /6: ./</<6: @=98L1B=<6:- 23096 6: ;8=0<=;/=: <1=9/96:

<6883:;6093023: /6: .30<=60/96: 06: 61286: 3E1=;/.3026: E13 28/0:;682/. </8D/:

-@&@0 , "
56 3E1=;/.3026: 93:2=0/96: / .6A=.302/456 93 ./238=/=: 3. L83/: 83:28=2/: 60:2=21= :3-
7/:=</.3023 93 A=D/ :6783 1. A56 B=A83 E13 93 .6A=.302/ /;6=/9/ ;68 869/: 3. 28=B@6:
;6:=<=60/96: 3. 3:281218/: 93 <60<8326 61 .32LB=</:- <602/096 <6. 28F: .6A=.3026:
=093;3093023: 61 :=.1B2Y036: MB60D=219=0/B- 28/0:A38:/B- A382=</BN
6::1= /: ./=: 9=A38:/: /;B=</4G3: 0/: =091:28=/:- 3>3.;B6:S

09P:28=/ 93 /;3B 3 3B1B6:3 09P:28=/ =938P8D=</

&
 A S
: 2=;6: 93 ;6023: 86B/023: :56 938=A/4G3: 93:2/- ;86C32/9/: ;/8/ /230938 <609=4G3:
6;38/<=60/=: 3:;3<HJ=</:- :3096 <B/::=J=</96: 3. 28F: D81;6:
6023: 6B/023: M;86;8=/.3023 9=2/NW
T82=<6 6B/023W
3.= ;T82=<6

A S
: ;6023: 86B/023: :56 <60:2=21H9/: 93 9=A38:6: :=:23./: <6. <6.;603023: .3<Y0=<6: 3
3B32863B328Z0=<6:

/ 8 A A
60:2=21= :3 93 1./ 61 91/: ;34/: .32LB=</:- 068./B.3023 3. ;38J=B J688./26 ] Ι I- ;6:=<=60/9/:
06 :302=96 28/0:A38:/B /6 B6</B 9/ =0:2/B/456 9/ ;6023 56 6: ./=683: <6.;603023: 9/: ;6023:
6783 /: A=D/: ;8=0<=;/=: :56 .602/96: /: ;=:2/: 93 86B/.3026: 96 286BB3[ M</886N- =0:2/B/96: 6:
;/=0?=: 3B?28=<6:- 6: 7B6<6: 93 83:=:2F0<=/:- 6 :=:23./ 93 B178=J=</456 3 6 :=:23./ 93 28/0:B/456
9/ ;6023 - 6 :=:23./ 93 B3A/02/.3026 : ;6023: ;693. ;6::1=8 1./ A=D/ 61 91/: A=D/: ;8=0<=;/=:-
:3096 9306.=09/9/: 93 61 "

0=A=D/ 1;B/ A=D/

/ 8
56 /: A=D/: ;6:=<=60/9/: 0/ 3>283.=9/93 9/: A=D/: ;8=0<=;/=: 06 :302=96 B60D=219=0/B 96 D/B;56 61
96 B6</B 93 =0:2/B/456 9/ ;6023 3 =0238B=D/9/: 0/: A=D/: ;8=0<=;/=: 3:2/: A=D/: :56 .602/96: 6:
281E13: 9/ ;6023 86B/023

&&
 =D/ B/238/B 61
</73<3=8/

$=D18/ # =D/ B/238/B

>3.;B6: 93 A=D/ B/238/BS

P = ?
X 1. A3H<1B6 3B328=</.3023 .6268=O/96- E13 :3 93:B6</ /6 B60D6 9/: ;=:2/: 93 86B/.3026- 0/: A=D/:
;8=0<=;/=: 3 E13 :1;682/ 6: .3</0=:.6: 96 :=:23./ 93 3B3A/456 3;3093096 9/ J=0/B=9/93
6;38/<=60/B 93 </9/ L83/- 3>=:23. ;6023: 86B/023: <6. 1. :T </886 3 1. :T D1=0<@6 128/: <6.
</886 3 D1=0<@6 ;8=0<=;/B 3 61286 /1>=B=/8 31 93:B6</.3026 ? J3=26 /28/A?: 96 :=:23./ 93
28/0:B/456 96 </886

: ;/823: ;8=0<=;/=: 96 86BB3[ :56S

=:23./ 93 28/0:B/456 96 286BB3[ # 60:2=21H96 93 .6268 3B?28=<6- J83=6- 8391268- 3=>6 93
28/0:.=::56- =0238B=D/96: ;68 /<6;B/.3026:- 869/: .628=O3: 3 869/: B=A83: 38.=23 6
93:B6</.3026 28/0:A3:/B 9/ </8D/ 3. 83B/456 /6 /.7=3023 93 =0:2/B/456

&(
 =:23./ 93 3B3A/456 # $68./96 ;68 .6268 3B?28=<6- J83=6- 8391268- /<6;B/.3026:- 3=>6: 93
28/0:.=::56- 986.6- </76: 93 /46- 86B9/0/: 3 D1=0<@6 38.=23 6 =4/.3026 3 /7/=>/.3026 9/ </8D/
;/8/ :1/ ;6:238=68 .6A=.302/456 28/0A38:/B 61 B60D=219=0/B

86.6 X 1. <=B=0986 M2/.768N 8/0@18/96 3. J68./ 93 86:</ <1C6 ;/::6 83B/<=60/ :3 <6. 6
9=Y.3286 96 </76 93 /46 3 93:2=0/ :3 / 3086B/8 3 93:3086B/8 6 </76 ;/8/ :17=8 61 93:<38 6
D1=0<@6 61 .6=256 6 </:6- 6 986.6 ? P0=<6 <6. 8/0@18/ 3. J68./ 93 86:</ :=.;B3: /: 6023:
E13 28/7/B@/. <6. 28/A3::/- 6 986.6 ? 91;B6- :3096 E13 3. 1. B/96 / 86:</ 23. 3028/9/ V 9=83=2/
3 06 61286 B/96 / 86:</ ? 3. :302=96 3:E13896- / J=. 93 ;38.=2=83. 6 83<6B@=.3026 96 </76
E1/096 D=8/. 3. 1. :302=96 3 93:3086B/.3026 E1/096 D=8/. 06 :302=96 6;6:26

/=>/ 96 D1=0<@6 61 .6=256 X 1./ </=>/ J/78=</9/ 3. <@/;/ <6023096 96=: 3=>6:- 1. <3028/B-
6093 :56 .602/9/: /: 86B9/0/: 3- 1. 3=>6 0/ ;/823 =0J38=68 6093 ? .602/96 6 D/0<@6
3=>6 <3028/B ? J=>6- CL 6 3=>6 E13 :1;682/ 6 D/0<@6 ? .602/96 :6783 86B/.3026: D/0<@6
/;6=/ :3 3. 1. 86B/.3026 93 30<6:26 61 86B/.3026 />=/B ;/8/ ;38.=2=8 6 7/B/046 3 6 D=86 96
D/0<@6
/8/ 3:23 3E1=;/.3026 93A3 :3 9/8 .1=2/ /230456 06 E13 2/0D3 V =0:;3456 3 V ./01230456
;38=T9=</- ;6=: 3B3 :1:2302/ 2696 6 ;3:6 9/ </8D/ / :38 28/0:;682/9/

&
 =:23./ 93 J830/D3. # J83=6 83;83:302/ 1./ 6;38/456 :3D18/ 3. E1/BE138 ;6023 86B/023 3
6;38/ 2/026 0/ .6A=.302/456 A382=</B 9/ </8D/ E1/026 0/ :1/ 28/0:B/456 56 1:/96: J83=6: 93
9=A38:6: 2=;6:- 2/=: <6.6 3B3286./D0?2=<6:- 3B3286@=98L1B=<6:- / 2/.768 3 :/;/2/: B60/9/:
>3.;B6: 93 J83=6: 12=B=O96: 0/: ;6023:

$83=6 / 9=:<6 Freio a tambor

:; A
X 6 :=:23./ 83:;60:LA3B ;3B6 93:B6</.3026 B60D=219=0/B 9/ ;6023 X <6.;6:26 93 .6268-
/<6;B/.3026- 8391268- J83=6- 869/:

81E13: 3 869/: 56 10=9/93: J68./9/: ;68 3:281218/- 869/: .628=O3: 3 B=A83:- ./0</=: 3 3=>6:
E13 :1;682/. / 3:281218/ 9/ ;6023
: ;6023: :56 962/9/: 93 869/: .628=O3: MB=D/9/: /6 .6268N 869/: B=A83:- E13 :4/6 J=>/9/:
/28/A?: 93 3=>6: /6: ./0</=:- E13 :56 J=>/9/: /28/A?: 93 3=>6: /6: ./0</=:- E13 :56 ;/8/J1:/96:
/6 281E13 9/ ;6023

,
: ;6023: ;693. :38 6;38/9/: /28/A?: 93 </7=03: =0:2/B/9/: 0/ ;8T;8=/ 3:281218/ 9/ ;6023-
/28/A?: 93 76263=8/: 61 8L9=6 <60286B3:- 93::/ J68./ 6 6;38/968 <60286B/ 2696: 6: .6A=.3026:
9/ ;6023

&)
 /7=03 93 <6./096 L ;6023: E13 / </7=03 ? J=>/ 3 J=</ B6</B=O/9/ :67 1./ 9/: A=D/: ;8=0<=;/=: 3
96 B/96 6;6:26 /6 7/88/.3026 93 /B=.302/456 3B?28=</ 9/ ;6023 3B/ 3:256 .602/96: 6: <60286B3:
93 6093 6 6;38/968 <6./09/ 2696: 6: .6A=.3026: 9/ ;6023S 28/0:B/456 9/ ;6023 3 96 286B3-
=4/.3026- 230/O- 3 3B3286=.5: L ;6023: E13 :3D1096 / 03<3::=9/93 93 6;38/456 3 28/7/B@6- /
</7=03 ? .TA3B 3 :3 93:B6</ 06 :302=96 B60D=219=0/B 9/ A=D/ ;8=0<=;/B ;/8/ ;38.=2=8 .3B@68
A=:1/B=O/456 /6 6;38/968 3. 83B/456 /6 :38A=46 / 3>3<12/8
/ </7=03 6 6;38/968 <6./09/ 2696: 6: .6A=.3026: 9/ ;6023 3B/ 3:256 =0:2/B/9/: /: <@/A3: 93
60286B3 96 1=0<@6- 96 86BB3[- 9/ ;6023- 9/ 30/O 61 3B3286=.5- / :=8303 3 / ;8T;8=/ 28/0:B/456
9/ </7=03

62638=/ # :/9/ 3. ;6023: <1C/ 6;38/456 ? 83/B=O/9/ 96 :6B6 3B/ <602?. 2696: 6: <6./096:
7L:=<6: 9/ ;6023

L9=6 <60286B3 # $10<=60/ <6. 6: .3:.6: 83<18:6: 9/ 76263=8/- ;68?. 056 ;6::1= J=6: 3B?28=<6:
3. :1/ B=D/456 <6. / ;6023

(!
0 ' / "$

& #

/: =09P:28=/: ? <83:<3023 / 12=B=O/456 93 .3=6: 93 3B3A/456 <6. 6;38/456 / ;/82=8 96 :6B6

M<60286B3 83.626N- 6093 6 .6A=.302/968 ? 2/.7?. 6;38/968- 61 :3C/- 3B3 ? 83:;60:LA3B ;3B/: 91/:
J104G3: ;38=D6 ? E13 2/026 6 ;3::6/B 9/ ;8691456 E1/026 6 ;3::6/B 9/ ./01230456 6;38/. 3
.6A=.302/.- <6. =::6 3>38<3. 1./ /2=A=9/93 / E1/B 056 3:256 /<6:21./96: 61 .3:.6
;83;/8/96: J/<=B=9/93 <6. E13 6: .3=6: 93 3B3A/456 .6A=.302/. / </8D/ 30D/0/ E1/026 /:
:=21/4G3: 93 ;38=D6 3B/ 93.60:28/456 93 <609=4G3: 93 /<=93023: 2H;=<6: ? ;83<=:6 E13 3B/:
:3C/. <60@3<=9/: 3 <60:3ER3023.3023 3A=2/9/:
6 :3268 93 28/0:;6823:- /;3:/8 96 /B26 D8/1 93 /126./2=O/456- /=09/ 3>=:23 1. D8/093
;38<3021/B 93 28/7/B@6 ./01/B- 3:;3<=/B.3023 0/ .6A=.302/456 93 </8D/: ;68 .3=6 93 2/B@/:-
D1=09/:23:- 32<W E13 93 /D68/ 3. 9=/023 :3856 <@/./96: 93 .3=6: 93 3B3A/456
3=6: 93 3B3A/456- <6.6 2/B@/:- J/<=B=2/. / .6A=.302/456 93 </8D/:- ;68 .3=6 93:23: ;693.
8391O=8 .1=26 06::6 28/7/B@6 78/4/B- ;68?.- 93A3 :3 1:/8 ./=: / ]</734/I
@6.3. /6 B/96 9/ </8D/ E13 ? 6 .6A=.302/968 J68./ 1./ 3E1=;3 <6. 6 6;38/968 96 .3=6 93
3B3A/456 /21/456 96 .6A=.302/968 ? J109/.302/B ;/8/ / 3>3<1456 93 1./ .6A=.302/456 <6.
:3D18/04/

&

0@&@# ' I A A :; >

? , :; J :
3A=96 /6 8=:<6 93 :3 7/238 V </734/ 3. D/0<@6:- </8D/: 3. .6A=.302/456 61 .3:.6 67C326:
;/8/96:- 6 </;/<323 ? =09=:;30:LA3B 3. E1/BE138 B1D/8 6093 3>=:2/ / ;6::=7=B=9/93 93 :3 ./<@1</8
/ </734/ /;/<323: 93A3. 3:2/8 V 9=:;6:=456 3 23. 93 :38 12=B=O/96:

J? , :; ,
: ;?: <6883. ;38=D6 <60:2/023- ;6=: / E1/BE138 =0:2/023 ;693. </=8 67C326: :6783 6: .3:.6:
+1/096 6 .6A=.302/968 3:2L ;83:2/096 /230456 V </8D/- /6 6;38/968 3 6128/: <6=:/: E13 6
<38</. 3B3 3:2L :1C3=26 / 7/238 6 ;? 3. 67C326: ;602=/D196: 3 ./<@1<L B6: 3 ? ;68 =::6 E13 ?
03<3::L8=6 6 1:6 93 :/;/26: <6. 7=E13=8/ 93 /46 093 3>=:23. ;83D6: 3 61286: 67C326:
;602=/D196:- E13 ;6938=/. ;38J18/8 / :6B/- ? 03<3::L8=6 E13 :3 1:3 :/;/26: <6. ;/B.=B@/ 93 /46
83A3:2=9/

? , :; ;
8/.3: :6B26: 3. </76: 93 /46 :3.;83 2F. ./<@1</96 .56: 93 .6A=.302/9683:- /::=. <6.6
J/8;/: 93 ./93=8/: 9/: <10@/: 3 </=786: 3 </026: A=A6: 93 </8D/:- ;682/026- ? =09=:;30:LA3B 6 1:6
93 B1A/:

? J 8
: 2/73B/: 93 </8D/ ;/8/ 6: 9=A38:6: 2=;6: 93 "=0D/: E13 :56 12=B=O/9/: <6.;B32/. 06::6
3E1=;/.3026 93 :3D18/04/
6. 3B/: ;693. :3 93J=0=8 J/<=B.3023 E1/B "=0D/ 3 93 E13 J68./ 93A3 12=B=OL B/:

? 8 : :
68./: =02380/<=60/=: 93 :3D18/04/ 3>=D3. E13 6: B/46: 93 </76: 93 /46 :3C/. <60J3<<=60/96:
<6. 6B@/B 28/04/96 3 ;830:/96 <6. ;83:=B@/ 93 /46

(
0@&@& ' 8 I 8 ;
6::=7=B=9/93: 93 /<=93023: 010</ ;693. :38 93:</82/9/: "=0D/ ;693 :3 :6B2/8 96 D/0<@6 96
.3=6 93 3B3A/456- 61 .3:.6 6 D/0<@6 9/ "=0D/ ;693 :3 :6B2/8 9/ </8D/
./ 28/A/ 93 :3D18/04/ :3 J/O 03<3::L8=/ :3.;83 E13 3>=:2/ ;6::=7=B=9/93 93 /<6023<38 E13 /
</8D/ :3 :6B23 =0A6B102/8=/.3023
+1/096 :3 1:/8 D/88/: 3:;3<=/=:- D/0<@6: 3:;3<=/=: 61 .3:.6 B/46: 93 </76 93 /46 <1826: 3 8=C6:-
3>=:23 / ;6::=7=B=9/93 93 <6. 1./ 6:<=B/456- / </8D/ :3 :6B2/8 96 D/0<@6 61 93 6 /03B 93
:1:2302/456 9/ "=0D/ :3 :6B2/8 96 D/0<@6 96 .3=6 93 3B3A/456 68 =::6 ? 03<3::L8=6 E13- 03::3:
</:6:- :3C/. 12=B=O/96: D/0<@6: <6. 28/A/: 93 :3D18/04/
: D/0<@6: 93A3. :38 ;/::/96: ;3B6: 6B@/=: 61 ;6026: 93 /./88/456 9/ </8D/ 93 .696 E13 056
;6::/. :3 :6B2/8 .3:.6 E1/096 / "=0D/ 3:2=A38 J861>/ /8/ =::6- 93A3.6: :3.;83 ;/::/8 6
D/0<@6 93 930286 ;/8/ J68/

/0<@6 ;/8/
<6883023: <6. 28/A/
3. ;6026 93
/./88/456

: D/0<@6: 056 ;693. :38 ;/::/96: ;68 6B@/=: .1=26 3:283=26: B3: 93A3. 3:2/8 B=A83: 930286 96
6B@/B ;/8/ E13 6 230:=60/.3026 056 :3C/ J3=26 3. :1/ ;602/- ;6=: 93:2/ J68./ 3B3 /78=8=/ 3
3:</;/8=/ 96 6B@/B
X /<60:3B@LA3B / =0:2/B/456 93 ;6026: 93 /./88/456 3:;3<=/=: 3. ;34/: 61 .LE1=0/: E13 :56
<602=01/.3023 .6A=.302/9/:- ;/8/ E13 :3 230@/ :3.;83 1. 76. ;6026 93 J=>/456 6026: 93
/./88/456 :56 J/78=</96: 3. 9=A38:/: 9=.30:G3: 3 ;693. :38 /;/8/J1:LA3=: 61 :6B9LA3=:
X 238.=0/023.3023 ;86=7=96 1:/8 /./88/4G3: 93 /8/.3 <6.6 ;602/ 93 /./88/456 :2/:
/./88/4G3: :56 .1=26 12=B=O/9/: 3. J/896: 93 23B/: 93 /8/.3 3 32< ;/8/ .6A=.302/8 J/896:-
93A3. 12=B=O/8 D/0<@6: 3:;3<HJ=<6: 61 ;3E1306: 3:286;6: 93 </76 93 /46
6 28/2/.3026 93 :3.= /</7/96: 30J/89/96: 93A3 :3 A38=J=</8 :3 056 3>=:23. ;34/: ./=: <182/:
:6783 61 30283 / </8D/ E13 ;6::/. :3 :6B2/8 3 </=8- 6 E13 ? =0/9.=::HA3B 34/: :6B2/: <6. / & KD
/ ./=: 93 .3286: 93 /B218/ ? 8=:<6 93 A=9/
8/.;6: ;3D/ <@/;/: 93A3. :3.;83 3:2/8 28/A/96 3 28/7/B@/096 930286 93 :1/ </;/<=9/93

&

.6A=.302/456 93 </8D/ ? 068./B.3023 1./ 6;38/456 E13 30A6BA3 ./=: 93 1./ ;3::6/- 61 :3C/- ?
1. 28/7/B@6 93 3E1=;3 +1/096 :3 23. ./=: 93 1. .6A=.302/968- E13 3:2L 30A6BA=96 06 ;86<3::6
93 .6A=.302/456- 1. 93B3: 93A38L :38 3B3=26 ;/8/ :=0/B=O/8 /6 6;38/968 B3 :38L 83:;60:LA3B ;3B/
6;38/456 3 :6.3023 3B3 ;693 :=0/B=O/8 /;T: A38=J=</8 :3 6: 61286: .6A=.302/9683: 93=>/8/. /
L83/ 93 8=:<6 3 :3 / "=0D/ 3:2L 73. <6B6</9/
.76: 6: .6A=.302/9683: :=0/B=O/. /6 6;38/968- ;683. <6. 9=J383023: =02304G3:
6 ;86<39=.3026 <688326- /;30/: 1. .6A=.302/968 :=0/B=O/ /6 6;38/968 ;30/: /E13B3 3:<6B@=96
/023: 96 ;86<3::6 93 .6A=.302/456 3. <60C1026 <6. 6 6;38/968
<6.10=</456 30283 6;38/968 3 .6A=.302/968 ;693 :38 J3=2/ /28/A?: 93S
=0/B=O/456 <6. /: .56:W

(
 6.10=</456 A387/B M:6.3023 E1/096 6 6;38/968 3:2=A38 ;8T>=.6 3 ;6::/ 61A= B6NW
L9=6 <6.10=</456W
=0/B=O/456 T2=</ 61 :6068/W
/8/ 3A=2/8 /<=93023: 93A3 238 <3823O/ 93 E13 / :=0/B=O/456 12=B=O/9/ ;3B6 .6A=.302/968 ?
2/.7?. / E13 6 6;38/968 3023093
/8/ / :=0/B=O/456 ./01/B 6: :=0/=: A=:1/=: / :3D1=8 23. :3 .6:28/96 .1=26 3J=<=3023: 693. :3
238 A/8=/4G3: 93:23: :3. ;867B3./: <602/026 E13 / B=0D1/D3. 12=B=O/9/ :3C/ <6.;83309=9/ ;3B6:
30A6BA=96:
:; S 3.;83 93=>/8 / L83/ 93 8=:<6 /023: 93 :=0/B=O/8 /6 6;38/968

0@)@# ' >

56 1:/96: 30283 6 :=0/B3=86 3 6 6;38/968 ;/8/ <6./096: 96: 9=A38:6: .6A=.3026: 03<3::L8=6:
;/8/ 6 3.7/8E13- 93:3.7/8E13 3 .6A=.302/456 93 </8D/:- <60J68.3 / :3D1=8S

#' B A :;

:=0/B3=86 :3 =9302=J=</ ;/8/ 6 6;38/968 <6.6 6 83:;60:LA3B

;3B/ 3.=::56 93 :=0/=:
"S 6. 6 78/46 3:E13896 C1026 /6 <68;6 3 /02378/46
9=83=26 0/ @68=O602/B- <6. / ;/B./ 9/ .56 A=8/9/ ;/8/ 6
6;38/968- 3. ;6:=456 93 ]<602=0F0<=/I- :/P9/ 6 6;38/968

&' :; $ =A ?

:=0/B3=86 J=</8L 93 J83023 ;/8/ / </7=03 96 6;38/968 3

=09=</8L 6 B/96 ;/8/ 6 E1/B 93:3C/ / 28/0:B/456 96 3E1=;/.3026
6. 6 78/46 3:E13896 C1026 /6 <68;6- 3 6 78/46 9=83=26 <6. /
.56 /7382/- 3:2=</9/ 0/ @68=O602/B =09=</ / 9=83456

)' > L = P?

:=0/B3=86 J=</8L 93 J83023 ;/8/ 6 6823 3 / 9=83=2/ 96 ./8

6. 6 78/46 3:E13896 C1026 /6 <68;6 3 6 78/46 9=83=26 3:2=</96
0/ @68=O602/B- <6. 6 9396 =09=</968 .6:28/8L / 9=83456

(
+' J $ L

09=</ / :17=9/ :=.1B2Y03/ 96: 96=: D/0<@6:

6. 6: 78/46: 38D1=96:- 6: 9396: =09=</9683: D=8/096 :3.;83 06
:302=96 @68L8=6

-' J O $ L

09=</ / 93:<=9/ :=.1B2Y03/ 96: 96=: D/0<@6:

6. 6: 78/46: ;/8/ 7/=>6 3 6: 9396: =09=</9683: D=8/096 :3.;83
06 :302=96 /02= @68L8=6

0' J O $ L Z &

6. 6 78/46 3:E13896 38D1=96- <6. 6: 96=: 9396: M=09=</968 3

.?9=6N 93238.=0/096 6 D/0<@6 0e - 3 6 78/46 9=83=26 ;/8/ 7/=>6-
<6. 6 9396 =09=</968 D=8/096 :3.;83 06 :302=96 /02= @68L8=6

1' J $ L Z &

6. 6 78/46 3:E13896 38D1=96- <6. 6: 96=: 9396: M=09=</968 3

.?9=6N 93238.=0/096 6 D/0<@6 0n - <6. 6 78/46 9=83=26 ;/8/
<=./- <6. 6 9396 =09=</968 J/O3096 ;3E1306: .6A=.3026:
<=8<1B/83: 06 :302=96 @68L8=6

(
4' J O $ L Z #

.56 9=83=2/ B3A/02/9/- <6. 6 9396 =09=</968 /;602/96 ;/8/

<=./- =09=</096 6 D/0<@6 0n
78/46 9=83=26 ;/8/ 7/=>6- <6. 6 9396 =09=</968 /;602/96 ;/8/
7/=>6- 83/B=O/096 ;3E1306: .6A=.3026: <=8<1B/83:- 93238.=0/096
6 /7/=>/.3026

6' J $ L Z #

.56 3:E1389/ B3A/02/9/- <6. 6 9396 =09=</968 /;602/96 ;/8/

<=./- 93238.=0/ 6 D/0<@6 0n
78/46 9=83=26 ;/8/ <=./- <6. 6 9396 =09=</968 /;602/96 ;/8/
<=./ 3 3J321/096 ;3E1306: .6A=.3026: <=8<1B/83: 06 :302=96
@68L8=6- 93238.=0/ / 3B3A/456

#V' > 2

3E1306: .6A=.3026: 93A3856 :38 /023<=;/96: ;68 3:23 :=0/B 0/:

/2=A=9/93: 93 28/0:B/456- 9=83456- 3B3A/456- =4/.3026:-
/88=/.3026- /;86>=./456- 32<
6. 6: 96=: 9396:- =09=</968 3 ;6B3D/8 9=83=26:- /;86>=./ 6:-
=.=2/096 6 .6A=.3026 93 /78=8 3 J3<@/8

##' , 8N

:23 :=0/B ? 93 ;/8/9/ 93 3.38DF0<=/ +1/BE138 ;3::6/ ;693

J/O38 3:23 :=0/B- .3:.6 :3. /1268=O/456 96 :=0/B3=86 56 ;693
:38 J3=26 030@1. .6A=.3026 <6. 6 3E1=;/.3026
;3::6/ 93A38L <81O/8 6: /02378/46:- <6. /: .56: /7382/: V
/B218/ 96 86:26

(
#&' A

:23 :=0/B ? 93 ;/8/9/ 3 3:;38/ :3. 030@1. .6A=.3026 <6. 6

3E1=;/.3026 / 056 :38 <6. /1268=O/456 96 :=0/B3=86
:=0/B3=86 <81O/ 6: 78/46:- <6. /: .56: /7382/:- V /B218/ 9/
<=0218/

#)' * L 2 : $

:=0/B3=86 :3 ;6:=<=60/ <6. 6 B/96 9=83=26 06 :302=96 93

/738218/ 9/ B/04/
6. 6: 96=: /02378/46: 38D1=96: ;/8/ J83023- <6. 6 ;6B3D/8
3:E13896 =09=</096 ;/8/ / 9=83=2/- 3 <6. 6 ;6B3D/8 9=83=26
=09=</096 ;/8/ / 3:E1389/- 93238.=0/ 6 J3<@/.3026

#+' J : $

:=0/B3=86 :3 ;6:=<=60/ <6. 6 B/96 9=83=26 06 :302=96 93

/738218/ 9/ B/04/
6. 6: 96=: /02378/46: 38D1=96: ;/8/ J83023- <6. /: .56:
J3<@/9/:- <6. 6 ;6B3D/8 3:E13896 =09=</096 ;/8/ / 3:E1389/ 3
<6. 6 ;6B3D/8 9=83=26 =09=</096 ;/8/ / 9=83=2/

#-' $ $

6. 6 78/46 3:E13896 C1026 96 <68;6- <6. 6 /02378/46 9=83=26

38D1=96 ;/8/ J83023- <6. 6: 9396: =09=</968- .?9=6- /01B/8 3
.H0=.6 J3<@/96:- <6. 6 ;6B3D/8 38D1=96- =09=</ 6 :302=96 93 D=86
<6. .3=/ A6B2/ 96 9396 /6 83968 96 ;8T;8=6 <68;6

(&
#0' C

:23 :=0/B ? 93 2?8.=06 9/: 2/83J/:

6. 6: 78/46: </H96:- 6 :=0/B3=86 6: .6A3 @68=O602/B.3023- <6.
/: ;/B./: 9/: .56: A6B2/9/: ;/8/ 7/=>6

0@)@& ' * < :; > :;

.6A=.302/968 :T ;693 :=0/B=O/8- ;/8/ E13 / </8D/ :3C/ 93;6:=2/9/- /;T: 238 A38=J=</96 :3 2696:
6: 30A6BA=96: M61 056N 3:23C/. J68/ 9/ L83/ 93 8=:<6 <=93023: :3.;83 /<6023<3. E1/096 6
.6A=.302/968 2302/ 8/;=9/.3023- 30E1/026 / </8D/ 93:<3- ;83;/8/8 61 B=.;/8 / L83/ 93 93:2=06- 3
/</7/ 23096 6 9396 3:./D/96 61 ;=68
+1/096 23.6: E13 /C3=2/8 / </8D/ 61 3:2/7=B=OL B/- 056 93A3.6: J/OF B6 <6. /: .56:- ./: :=.-
;68 .3=6 93 /<3::T8=6: <6.6 D/0<@6: 3 30D/23: 61 </76:
3 / </8D/ /6 J68 93;6:=2/9/ 93A3 :38 /C3=2/9/ ./01/B.3023- 056 ;693.6: J=</8 3B/ 3 67:2L<1B6:
J=>6:- ;6=: .3:.6 E1/096 .6A=.302/9/ <6. / .56- 3B/ 23. 1./ 3038D=/ ;6230<=/B 256 D8/093 E13-
93;6=: 93 .6A=.302/9/- 056 ;693.6: ;/8L B/ <6. 06::/ J684/
6 93;6:=2/8 / </8D/ 93A3.6: 67:38A/8- ;/8/ E13 230@/.6: 1./ 7/:3 E13 J/<=B=23 / 832=8/9/ 9/
"=0D/ ;68 7/=>6 9/ </8D/- 12=B=O/096 </=786:- ;68 3>3.;B6 3 6 ./238=/B J68 8396096- 93A3 :3
/::3D18/8 E13 3B3 056 ;6::/ 86B/8

& #

L S 3A3. 3A=2/8 E13 / </8D/ 3:<6883D13 61 :3 3:;/B@3

: J=78/: 93 ./93=8/ 93A3. 3:2/8 06 :302=96 B60D=219=0/B 9/ <10@/ ;/8/ E13 3B/: 056 ;6::/. :3
E1378/8 3 ;/8/ E13 ;6::/. :38 ;83D/9/: E1/096 03<3::L8=6
J S 3. / J=0/B=9/93 93 ./0238 1. A56 B=A83 30283 / </8D/ 3 6 :6B6 ;/8/ E13 / "=0D/ ;6::/
:38 832=8/9/ ;68 7/=>6 9/ </8D/ 3 3. </:6 93 06A/ .6A=.302/456- ;/8/ E13 / "=0D/ ;6::/ :38
;/::/9/ ;68 7/=>6 06A/.3023
1>/8 / "=0D/ ;68 7/=>6 9/ </8D/ :3. </=786:S
83C19=</ / </8D/W
83C19=</ / "=0D/W
38817/ / ;=B@/
68 3:23: .62=A6:- 6: </=786: 93A3. :38 D8/093: 6 :1J=<=3023 ;/8/ E13 / "=0D/ ;6::/ ;/::/8 B=A83
;68 7/=>6 9/ </8D/ 3 ;/8/ :1;682/8 6 ;3:6 :6783 3B3: 93;6:=2/96 1. 3:2/B6- ;39/46: 93 </=786:
28=0</96: ;693. 238 / A3B6<=9/93 93 1./ 7/B/ 3 :3.;83 6</:=60/. /<=93023:
6 3.;=B@/8 A=D/: 3 <@/;/: D8/093:- ;68 3>3.;B6- C/./=: 93A3.6: 1:/8 </=786: <6. .306: 93
> <. /8/ 3A=2/8 ;830938 6: 9396: 93A3.6: ;3D/8 6: </=786: ;3B/ B/238/B

$ L 8 S $/78=</96 / ;/82=8 93 /8/.3 9678/96 3 <6. ;10@6 ;6::=7=B=2/ /6

.6A=.302/968 ./0238 :1/: .56: J68/ 93 ;38=D6 6. 6 D/0<@6 93 30D/23 ;693 :3- 0/ ;6:=456 -
;1>L B/ /2? 1. 93238.=0/96 ;6026

((
0@+@# 8 S A 8 >
+1/B 6 ;3:6 9/ </8D/ / :38 3B3A/9/a
/8/ 83:;60938 / 3:2/ ;38D102/- 3>=:23. ;6::=7=B=9/93:S
60@3<38- ;3:/8- </B<1B/8 3 :1;68
=93/B ? E1/096 / ;34/ 23. :31 ;3:6 =09=</96 M;=0218/ 61 ;B/E132/N ;/8/ ;34/: ;8602/: 3 3.
3:2/B3=86:- ? 068./2=O/96 E13 ;34/: /<=./ 93 1./ 2603B/9/ 230@/. :31 ;3:6 =09=</96
:2/ 068./ 93A38=/ :38 ;8/>3 3. E1/BE138 =09P:28=/ $/78=</023: 93 .LE1=0/: 3 ;34/: 2F. :3
3.;30@/96 .1=26 3. =09=</8 6 ;3:6 3. :1/: ;34/: M3 </8D/:N 128/ ;6::=7=B=9/93 93 :3 30<6028/8
6 ;3:6 :56 6: 768938Z: 61 68930: 93 J/78=</456 E13 93A38=/. =09=</8 6 ;3:6
+1/096 2=A38.6: E13 ;3:/8 1./ </8D/ 6 =93/B ? E13 230@/.6: 1./ 7/B/04/ 93 2/B@/:- 93
;83J38F0<=/ <6. B3=218/ 9=D=2/B ;/8/ J/<=B=2/8 / B3=218/- 61 .3:.6 2/B@/: <6. 7/B/04/ 3.712=9/
<6. .6:28/968 9=D=2/B 06 <6./096.

/B/04/: 9=D=2/=: V 7/238=/ :56 JL<3=: 93 28/0:;6823 3 93 JL<=B B3=218/

6./096 <6. =09=</456 9=D=2/B 9/ </8D/

;B=<LA3=: :56S
J : S ;/8/ </8D/: <6. :1;38JH<=3 B=:/- 6B36:/ 61 3:<6883D/9=/- /::=. <6.6 B/46:
93 </76 93 /46 <6. D/0<@6: ;/8/ /;B=</456 06: 6B@/=: 9/ </8D/
S ;/8/ ./238=/=: 3. /B2/: 23.;38/218/: 3 </8D/: E13 056 230@/. <@/;/: 61
;38J=: "=0D/: 93 <6883023 <6. D/0<@6 ;693. :38 /<6;B/96: /6: 6B@/=: 9/ </8D/
2 : S ;/8/ </8D/: <6. :1;38JH<=3: 3>283./.3023 3:<6883D/9=/: 61
:30:HA3=:- <6.6 ;68 3>3.;B6- <=B=0986: 93 </B/098/D3.- 3=>6:- ;34/: ;8602/: 3 ;=02/9/:
S ;/8/ </8D/: <6. :1;38JH<=3 :30:HA3B- 93 7/=>6 ;3:6- <6.6
2176:- ;34/: 93 /E13<=.3026 3 83J8=D38/456 61 6128/: ;34/: ;/::HA3=: 93 /./::/.3026
J :; J S ;/8/ 6 28/0:;6823 93 ;38J=: 3 283J=B/96:
3:23 </:6 / <6883023 93A3 J=</8 0/ L83/ 93 93:D/:23 6093 ;6::=A3B.3023 3>=:2/. </026: A=A6: 3
6 </76 J=</ 0/: 3>283.=9/93: 3>38<3096 J10456 93 :1;6823 3 J/<=B=2/096 / ;/::/D3. 9/ "=0D/ ;68
7/=>6 9/: </8D/:

(
 56 /;B=<LA3=: :56S
J : S ;/8/ ./238=/=: <6. </026: A=A6: 61 3. /B2/: 23.;38/218/:
S ;/8/ </8D/: <6. :1;38JH<=3 B=:/ 61 3:<6883D/9=/
2 : S ;/8/ </026: A=A6: 3 </8D/: 3. /B2/: 23.;38/218/:
/8/ 6 28/0:;6823 93 <@/;/: 0/ ;38;309=<1B/8 93A3. :3 1:/8 D8/.;6: ;3D/ <@/;/
3:93 /78=B 93 )() ? 678=D/2T8=6 E13 3:23: D/0<@6: 230@/. 1./ 28/A/
;3D/ M/738218/N 96 D8/.;6 93A3 :38 =09=</9/ 0/ ;8T;8=/ ;34/
/8/ 6 28/0:;6823 93 <@/;/: 93A3. :3 1:/8 :3.;83 96=: D8/.;6: E13 230@/. 1./ ;34/
<6.;/2HA3B <6. / 3:;3::18/ 9/ <@/;/ : 96=: D8/.;6: :56 03<3::L8=6: ;/8/ E13 :3 D/8/02/ /
3:2/7=B=9/93 9/ </8D/- ;6=:- :3 / <@/;/ 7/B/04/- /: 8/0@18/: 9/ D/88/ 93:D/:2/. 8/;=9/.3023-
;693096 :3 E1378/8 06: </026:
023: 93 .6A=.302/8- :3.;83 28/A/8 6: D8/.;6:
/8/ 6 28/0:;6823 93 ;38J=: 3>=:23. 9=A38:6: 2=;6: 93 9=:;6:=2=A6: 93 .6A=.302/456- 6: E1/=: 03.
:3.;83 :56 962/96: 93 28/A/: E13 ;38.=2/. E13 / </8D/ :3 :6B23 :23: 9=:;6:=2=A6: :56
;86C32/96: ;/8/ </8D/: 3:;3<HJ=</: 3 :T 93A3. :38 1:/96: ;/8/ /: E1/=: J68/. <60:281H96:
/.7?. ;/8/ .6A=.302/8 /: <@/;/: 0/ @68=O602/B- 93A3. :3 1:/8 D8/.;6: <6. 28/A/- ;6=: <@/;/:
J=0/: 23093. / :3 9678/8 6 E13 ;693 J/O38 <6. E13 :3 :6B23. 96: D8/.;6: 3 </=/.
+1/096 3::/: ;6::=7=B=9/93: 056 3>=:23. 056 83:2/ /B2380/2=A/ :3 056 </B<1B/8 61 ;39=8 V
:1;38A=:56 E13 </B<1B3 6 ;3:6 @12/8 ? / ;=68 /B2380/2=A/- ;6=: :6.3023 <6. .1=2/ 3>;38=F0<=/ 3.
;34/: :3.3B@/023: ? E13 :3 23. / ;6::=7=B=9/93 93 <@3D/8 / 1. 83:1B2/96 :/2=:J/2T8=6
3 / 93J=0=456 96 ;3:6 ? =.;682/023- /=09/ ./=: ? / 93J=0=456 96 <30286 93 D8/A=9/93 /: ;34/:
:=.?28=</: 3:2/ 93J=0=456 ? JL<=B- ./: 3. .LE1=0/: 3 ;34/: /::=.?28=</: 6093 6 <30286 93
D8/A=9/93 ? 93:B6</96- 6 =93/B :38=/ E13 @61A3::3 1./ =09=</456 0/ .LE1=0/- ;34/ 61 .3:.6
3.7/B/D3. 3 6 <30286 93 D8/A=9/93 ? 93:<60@3<=96 056 :3 :/73 6093 /B=0@/8 6 D/0<@6 93
3B3A/456 </;/<=9/93 93 1. D1=09/:23 93 B/04/ 93;3093 93 E1/026 :3 /A/04/ / B/04/ +1/026
./=: 9=:2/023 / </8D/ 3:2=A38- .3068 / </;/<=9/93 93 </8D/ 96 D1=09/:23 B=.=2/968 93 </8D/ 9/
.LE1=0/ 056 93A3 :38 1:/96 ;68 3886: 93 <LB<1B6: 96 6;38/968

0@+@& 2 8
/8/ .6A=.302/8 </8D/: <6. .3=6: 93 3B3A/456 :56 12=B=O/96: B=0D/: 3 9=:;6:=2=A6: 93
.6A=.302/456
: "=0D/: :56- ;68 3>3.;B6S </76:- <6883023:- <=02/: 3 B/46: :=02?2=<6: 68 .3=6 93B/: ? E13 :3
J/O 6 /<6;B/.3026 9/ </8D/ /6 .3=6 93 3B3A/456
=:;6:=2=A6: 93 .6A=.302/456 :56 /E13B3: E13 J/O3. 1. /<6;B/.3026 9=8326 61 .3:.6 /28/A?: 93
1./ "=0D/ V </8D/ 56 <60:=938/96: 9=:;6:=2=A6: 93 .6A=.302/456S D/0<@6: 3 D/88/: 3:;3<=/=:-
:1;6823: ;/8/ 3B3286H.5:- 28/A3::G3:- 32< 3:<6B@/ 9/ "=0D/ 93A38=/ :38 J3=2/ ;3B/ 30D30@/8=/
93 ;8691456 61 ;3B6 ;B/03C/.3026- ./=: 0/ ./=68=/ 9/: A3O3:- E13. 23. 93 3:<6B@38 ? 6 ;8T;8=6
.6A=.302/968

689/:
: <689/: :56 6 ./=: /02=D6 2=;6 93 "=0D/- E13 :3 <60@3<3 B/: :56 ;8691O=9/: / ;/82=8 93 J=78/:
E13 :56 268<=9/:- 28/04/9/: 61 30</;/9/:
02=D/.3023- /: J=78/: E13 :3 12=B=O/A/. 0/ J/78=</456 93 <689/: 38/. J=78/: 0/218/=: <6.6 =:/B
61 Y0@/.6 6C3 3:2/: J=78/: :56 :17:2=21H9/: ;68 J=78/: :=02?2=</: <6.6 6B=/.=9/- 6B=?:238 61
6B=;86;=B306 E13 V: A3O3: :56 <6.38<=/B=O/9/: <6. 06.3: <6.38<=/=: <6.6 0[B60- 9=6B30- 283A=8/ 3
61286:
6.6 9=J3830<=/8 /: 9=A38:/: J=78/:a
./ A3O E13 3>=:23. 9=A38:6: 2=;6: 93 J=78/: <6. 9=J383023: </;/<=9/93:- ? 03<3::L8=6- E13 :3
:/=7/ E1/B ? / J=78/ ;/8/ :3 <60@3<38 :1/ </;/<=9/93 93 </8D/
. <689/:- / ;/82=8 93 .. 93 9=Y.3286 93A3 :3 238 1./ J=B/4/ 93 1./ 93238.=0/9/ <68 ;/8/
=9302=J=</8 / J=78/- ./:- <689/: /7/=>6 93 &.. 93 9=Y.3286- :56 .1=26 J=0/: 3 056 93A3. :38
12=B=O/9/: ;/8/ .6A=.302/456
. <689/: / ;/82=8 93 &.. 93A38=/ @/A38 =9302=J=</456 96 J/78=</023 3 96 /06 93 J/78=</456
()
 68 068./B=O/456 =02380/<=60/B /: <683: E13 =9302=J=</. /: J=78/: :56S
Y0@/.6 3893
=:/B 38.3B@6
Y0@/.6 93 /0=B@/ 8326
6B=/.=9/ 3893
6B=?:238 O1B
6B=;86;=B306 /886.
<68 A3893- ;/8/ <Y0@/.6 3 ;6B=/.=9/- 056 ? ;/::HA3B 93 :38 <60J109=9/ 1./ A3O E13 6 <Y0@/.6
23. 1. /</7/.3026 8P:2=<6 3 / ;6B=/.=9/ 1. /</7/.3026 .1=26 B=:6

/76: 93 46
? 8
# X 6 /D81;/.3026 93 /8/.3: 268<=96: 93 1. </76
" # X 6 0P<B36 96 </76 93 /46
. </76 ? J3=26 <6. 9=A38:/: ;380/: 3. 83968 93 1. 0P<B36 61 /B./
" # >3.;B6S </76 & > )
;8=.3=86 0P.386 M&N 83;83:302/ / E1/02=9/93 93 ;380/: 93 E13 ? <60:2=21H96
:3D1096 0P.386 M )N 3:;3<=J=</ / E1/02=9/93 93 /8/.3 E13 <6.;G3 </9/ ;380/
682/026- 6 </76 & > ) 23. & ;380/:- 23096 </9/ 1./ 93B/: ) J=6:- 61 :3C/- 1. 262/B 93 J=6:

J? C :; I
$ # B./ 93 J=78/ M<Y0@/.6N ./=68 JB3>=7=B=9/93
# B./ 93 46 # ./=68 83:=:2F0<=/ V 28/456
# B./ 93 46 <6. /76 093;3093023 # <6.7=0/456 93 JB3>=7=B=9/93 <6. 83:=:2F0<=/ V
28/456
62/S : </76: M B./ 93 46N 23. (- _ 93 83:=:2F0<=/ V 28/456 / ./=: 93 !_ 06 ;3:6 3.
83B/456 /6: $ M B./ 93 $=78/N

:;
68456 V S E1/096 /: ;380/: :56 268<=9/: 9/ 3:E1389/ ;/8/ / 9=83=2/
68456 V + S E1/096 /: ;380/: :56 268<=9/: 9/ 9=83=2/ ;/8/ / 3:E1389/

68456 " S E1/096 6: J=6: 93 </9/ ;380/ :56 268<=96: 3. :302=96 6;6:26 V 268456 9/:
;8T;8=/: ;380/: M3. <81ON
/=68 3:2/7=B=9/93
68456 " S E1/096 6: J=6: 3 /: ;380/: :56 268<=9/: 0/ .3:./ 9=83456 M;/8/B3B6N
268456 " 23. ;68 </8/<238H:2=</ 6 /1.3026 9/ 83:=:2F0<=/ V /78/:56 3 9/ JB3>=7=B=9/93 96
</76

!
 /76: 93 /46 <6. /B2/ </;/<=9/93 93 </8D/ :56 <60:281H96: / ;/82=8 93 /8/.3: 283J=B/96: / J8=6
<6. 1./ 83:=:2F0<=/ 93 ((! ..f
8/.3: =09=A=91/=: :56 28/04/96: ;8=.3=8/.3023 ;/8/ J68./8 1./ ;380/ 3 3:2/: ;380/: ;68 :1/
A3O :56 28/04/9/: ;/8/ J68./8 6 </76 93 /46 /8/.3 =09=A=91/B J=</ 01./ @3B=<6=9/B 91;B/- :3096
/ ;8=.3=8/ 0/ ;380/ 3 / :3D109/ 0/ 268<3918/ 96 </76 6. /;B=</456 93 </8D/ 06 </76 ? J3=2/ 1./
/B238/456 06 :31 A6B1.3- 6 E13 :3 3>;B=</ ;3B/ /<6.69/456 9/: ;380/: :6783 / /B./- <6. =::6 6
9=Y.3286 96 </76 ? 8391O=96
/8/ /;6=6 9/: ;380/: 3>=:23- 06 =0238=68 96 </76- 1./ /B./ E13 ;693 :38 J3=2/ / ;/82=8 93 J=78/:
0/218/=:- :=02?2=</: 61 93 /46 /B./ 056 23. :6.3023 J10456 93 /;6=6- ./: J10<=60/ 2/.7?.
<6.6 83:38A/2T8=6 93 TB36 +1/096 6 </76 ? :6B=<=2/96- /: ;380/: <6.;8=.3. / /B./ E13 B=738/ 6
TB36- <6. =::6 6 /28=26 930286 96 </76 ? 8391O=96

/76: A3B@6: 6093 6 TB36 CL J6= <60:1.=96 3 </76: E13 28/7/B@/. 3. 23.;38/218/ E13 CL
;38938/. :31 TB36 ;68 3A/;68/456 /=09/ 056 ;38938/. 83:=:2F0<=/- ./:- ;38938/. A=9/ P2=B 68
=::6 93A3. :3 ;38=69=</.3023 B178=J=</8 6: </76: 3>2380/.3023 <6. TB36 /93E1/96
. P0=<6 /8/.3 86.;=96 ? 93 ;61</ =.;682Y0<=/- ;6=: B6D6 / J83023 3:2/8L ;830:/96 30283 61286:
3 /=09/ <6028=71=096 ;/8/ / </;/<=9/93 93 </8D/ 6.3023 E1/096 :3 23. AL8=6: /8/.3: 86.;=96:
? E13 / </;/<=9/93 93 </8D/ 9=.=01= E1=- J=</ 93.60:28/9/ 1./ 76/ </8/<238H:2=</ 96 </76 93
/46 B3 010</ :3 86.;3 :3. E13 /023: AL8=6: /8/.3: :3 86.;/.
</76 93 /46- @/7=21/B.3023- ? <6.;6:26 93 :3=: ;380/: 3 9/ /B./ E13 832?. 6 B178=J=</023
</76 /::=. <6.;6:26 ? 12=B=O/96 ;/8/ "=0D/:- D1=09/:23: 61 2/B@/: B3 23. 1./ 76/ 93J68.=9/93
3- ;682/026- ? /;B=<LA3B ;/8/ 9=A38:/: J=0/B=9/93:
/76: 93 /46 J/78=</96: 3. 3:;=8/B M<6896/B@/:N 61 1./ ;380/ :=.;B3:- 056 93A3. :38 12=B=O/96:
;/8/ .6A=.302/456- ;6=: 23. 1./ 3:281218/ .1=26 8HD=9/ 3 :56 J3=26: /;30/: ;/8/ 230:=60/.3026
2=;6 ./=: JB3>HA3B ? 6 </76 93 /46 E13 ? <6.;6:26 93 9=A38:/: ;380/: 3 /B./ /B./ 06 =0238=68
3 / 9=J38304/ 93 L83/ .32LB=</ J/O3. <6. E13 1. .3:.6 9=Y.3286- / <6896/B@/ 230@/ 1./ ./=68
</;/<=9/93 93 </8D/ E13 6 </76

? * OJ
JB3>=7=B=9/93 3:2L <609=<=60/9/ /6 0P.386 93 /8/.3: E13 6 <6.;G3.
56 6: </76: <B/::=J=</96: 3.S
/N 3E130/ JB3>=7=B=9/93S <60:281456 > (- & > (- > ( M<6896/B@/NW
7N $B3>HA3=:S <60:281456 & > )- & > - & > - > )- > (W
<N >28/ JB3>HA3BS <60:281456 & > - & > (- & > - & > - & > (- & > &
 ? A
p # 380/: 96 </76 <60:281H9/: <6. 91/: 7=26B/: 93 /8/.3:W 7/:2/023 JB3>HA3B 3
.306: 83:=:23023 /6 93:D/:23- ;6=: 6: /8/.3: ./=: J=06: 30<6028/. :3 0/ ;38=J38=/
" # 380/: 96 </76 <60:281H9/: <6. 28F: 7=26B/: 93 /8/.3- :3096 6 </76 .306: JB3>HA3B 9/
:?8=3- ;68?. ./=: 83:=:23023 /6 93:D/:23 V /78/:56
$ "" # 380/: 96 </76 <60:281H9/: <6. A=023 3 <=0<6 /8/.3: M:3=: 93 30<@=.3026N
/;83:302/096 76/ JB3>=7=B=9/93
# : ;380/: 96 </76 :56 <60:281H9/: ;68 1. :T 2=;6 93 /8/.3 X 1. 238.6 =0238.39=L8=6
30283 / JB3>=7=B=9/93 3 83:=:2F0<=/ /6 93:D/:23- 96: 61286: 2=;6: /<=./

/8/ 93J=0=8 / </8D/ 93 28/7/B@6 93 </76 ;3B6 :31 9=Y.3286 93A3 :3 .39= B6- <60J68.3
93.60:28/96 0/ J=D18/ /7/=>6

/76: CL 12=B=O/96: 3. D1=09/:23: 61 61286: .3=6: 93 3B3A/456 056 ;693. :38 12=B=O/96:
06A/.3023 01./ <6.;6:=456 93 "=0D/ B3 ;693 238 1. D8/093 93:D/:23 =023806 E13 056 ? A=:HA3B
3>2380/.3023
J J ,
3D13. 6: 9=Y.3286: =93/=: 9/: ;6B=/: 61 2/.7683: <60J68.3 / J68./456 96 </76S
J ,
A J B "
&>( A3O3: 6 q 96 </76 ( A3O3:
&> ) ! A3O3: 6 q 96 </76 A3O3:
&> ! A3O3: 6 q 96 </76 A3O3:
& > (- - A3O3: 6 q 96 </76 ( A3O3:
> ) A3O3: 6 q 96 </76 A3O3:
>( A3O3: 6 q 96 </76 A3O3:
" N J :
N 96: </76: :3 93238.=0/ :6./096 :3 / 83:=:2F0<=/ 96: /8/.3: E13 <6.;G3-
=0<B1=096 :3 /: /B./: 96: .3:.6:- E138 :3C/. 93 /46 61 93 J=78/
8 A 3J32=A/ 9=.=01= <60J68.3 /1.302/ 6 0P.386 93 /8/.3:S

>3.;B6:S
/N 6896/B@/: / ( J=6:- 83:=:2F0<=/ 3J32=A/ )&_ 9/ 23T8=</
7N 6896/B@/: ) J=6:- 83:=:2F0<=/ 3J32=A/ ) _ 9/ 23T8=</
<N /76: &>(- &> - > )- 83:=:2F0<=/ 3J32=A/ _ 9/ 23T8=</
9N /76: &> (- &> - 83:=:2F0<=/ 3J32=A/ !_ 9/ 23T8=</
3N /76: &> - &> - &> (- &>& - 83:=:2F0<=/ 3J32=A/ ( _ 9/ 23T8=</

8 J L 93 1. </76 3. .6A=.3026 ? U M1. E1=026N 93 :1/ </8D/ 93 81;218/ .H0=./

C 8 : ? / 83B/456 30283 / </8D/ 93 81;218/ .H0=./ 3 / </8D/ /;B=</9/ >3.;B6S

/N 6896/B@/: 3 </76: 3:2L2=<6:- J/268 /

7N /76: 28/456 @68=O602/B- J/268 /
<N /76: ;/8/ D1=0<@6: 3 2388/;B/0/D3.- J/268
9N 6023: 86B/023:- 2/B@/: 3B?28=</:- J/268 & /
3N B3A/9683: 7/=>/ A3B6<=9/93- J/268 / !
JN B3A/9683: /B2/ A3B6<=9/93- J/268 ! / &

, 'C :; S
X ;86<3::6 93 J/78=</456 <1C/ J=0/B=9/93 ? / 93 3B=.=0/8 /: 230:G3: =02380/: 3 2684G3: =0383023:
/6: /8/.3: 93 /B26 </87606- 12=B=O/96: 0/ J/78=</456 93 </76: 93 /46
: ;380/: 96: </76: A 'C :3 /<6.69/. 0/ ;6:=456 3B=<6=9/B E13 6<1;/. 06 <60C1026
56 /: :3D1=023: /: A/02/D30: /;83:302/9/: ;3B6: </76: A 'C S
/N 1.3026 V JB3>=7=B=9/93W
7N /=68 83:=:2F0<=/ V J/9=D/ 93 JB3>56W
<N B=.=0/456 9/: 230:G3: =02380/:W
9N /01230456 0/ :1/ ;6:=456 68=D=0/B 96: /8/.3: E13 :3 E1378/.- 056 :3 93:J=/096W
3N 056 93:3086B/.3026 9/: 3>283.=9/93: <682/9/:

"/46:
. </76 93 /46 ? 256 76. E1/026 6 B/46 E13 ? J3=26 <6. 3B3
"/46: ;/8/ J68./456 93 6B@/=: :56 J3=26: ;68 28/04/.3026 61 ;830:/D3.
83:=B@/: 93 /B1.H0=6 93A3. 93=>/8 / ;602/ V .6:28/ ;/8/ <60286B3 3 93A3. 238 / ./8</ 9/ J=8./
E13 3>3<1261 / ;830:/D3.- E13 068./B.3023 ? <6.;6:2/ ;68 91/: B328/:
 B@/B $B/.30D6

B@/B $B/.30D6 <6. :/;/2=B@/ ;8623268/

B@/B $B/.30D6 <6. 3:28=76 ;8623268

"/46 8/04/96 / 56

"/46 :3. J=.

L * 8 ? J3=26 /78=096 :3 / ;602/ 96 </76 3. 91/: .32/93:- :3;/8/096 :3 /: ;380/:

/ ./ .32/93 ? <18A/9/ ;/8/ J68./8 1. 6B@/B- 3 3. :3D1=9/ / 6128/ .32/93 ? 30283B/4/9/ 06
3:;/46 A/O=6 9/ ;8=.3=8/

3:.6 /023: 93 :38 <6B6</9/ / ;83:=B@/ 93 /46- 6

6B@/B CL ? </;/O 93 :1;682/8 1./ </8D/ :1;38=68 V
</8D/ 93 28/7/B@6 96 B/46
;83:=B@/ ? 93 /46 3:;3<=/B.3023 30:/=/96 3
/;86A/96 <60J68.3 8=D686:/ 3:;3<=J=</456

068./ ;83:<83A3 E13 :6.3023 D8/.;6: <6. ;68</: /126 28/A/023: 3 1./ D8/093 L83/
93 /;6=6 ;693. :38 12=B=O/96: 696: 6: D8/.;6: 93A3. :38 .602/96: 93 J68./ E13 6 .6893023
:3 ;8309/ / ;380/ ;682/023
 6 .H0=.6 D8/.;6: :56 03<3::L8=6: MD8/.;6 ;3:/96N ;/8/ :3 J/O38 1. B/46 <6. </76 93 /46
J=06 +1/026 ./=68 6 9=Y.3286 96 </76 ./=: D8/.;6: :56 03<3::L8=6: "/46: J3=26: <6. D8/.;6:
93A3. :38 1:/96: /;30/: ;/8/ 1./ P0=</ /;B=</456- 93A3096 :38 93:J3=26: B6D6 /;T: / 12=B=O/456-
;/8/ E13 056 :3C/. 12=B=O/9/: 388603/.3023
8/.;6: <60:281H96: <60J68.3 ( MD8/.;6: B3A3:N <6. ;68</: :=.;B3: 3 ;3E130/ L83/ 93
/;6=6- 056 :56 ./=: 068./B=O/96: 3 056 93A3. :38 12=B=O/96: ;/8/ .6A=.302/456

86026 ;/8/ 1:/8 696: 6: .6893023: 3:256 06 </76 ;682/023

/73B/ &
" [ " ,
7 \ " $" , ".
, 2@ $" ,
2JC@C @ X8C@
U &I ) ( !
U j !
U &I !
U I ( & &
(U &I &( & )
U j (& & )
U I ) ) )
U j ! (&
(U I !
I !
U I & ( !
U I & ) &! !
U I ( ! &! !
U I ( ) &! !
U I ( ! )
U I ( &( )! !!
I ! ( ! ! ! !
U I ( ! ! ! !
62/S : D8/.;6: 93A3856 :38 83/;382/96: 6;Z: 6 =0H<=6 93 1:6 96 </76 93 /46

=02/:
: <=02/: 93 .6A=.302/456 :56 J/78=</9/: / ;/82=8 93 J=78/: :=02?2=</:
6. 83B/456 /6 :31 ;8T;8=6 ;3:6- /: <=02/: 2F. 1./ </;/<=9/93 93 </8D/ 3 056 ;83C19=</. / :1/
:1;38JH<=3
 : <=02/: 93 ;6B=?:238 93A3. 238 1./ 32=E132/ /O1B ;/8/ E13 :3C/. 83<60@3<=9/: B/: 2F. 1./
76/ 83:=:2F0<=/ E1/026 L B1O 3 </B68 3 2/.7?. L<=96: :6BA3023: B/: 2F. 2/.7?. 1./ 76/
3B/:2=<=9/93- 6 E13 J/O <6. E13 :3C/ 6 2=;6 93 <=02/ ./=: 12=B=O/9/ B/ :T 056 83:=:23 V 7/:3 3 ;68
=::6 056 93A3 :38 B/A/9/ <6. :/756
: <=02/: 93 ;6B=/.=9/ 93A3. 238 1./ 32=E132/ A3893 93 =9302=J=</456 3 :56 83:=:23023: / 7/:3:
93:A/02/D3. 9/: <=02/: 93 ;6B=/.=9/ 3:2L 06 J/26 93 E13 3B/: /7:68A3. .1=2/ LD1/ 3.
/.7=3023: P.=96: 6 E13 8391O :1/ </;/<=9/93 :2/ /<1.1B/456 93 LD1/ ;693 2/.7?. J/O38 <6.
E13 3. 9=/: .1=26 J8=6: 3B/ ;6::/ :3 308=C3<38 M<60D3B/8N 3 J=</8 E1378/9=4/
=02/: 93 .6A=.302/456 J3=2/: 93 ;6B=;86;=B306 M32=E132/ ./886.N 23. 1./ 7/=>/ </;/<=9/93 93
</8D/- B3A/096 :3 3. <602/ :31 ;3:6 ;8T;8=6- 3 :56 ;61<6 JB3>HA3=: /: 3B/: 2F. 1./ 76/
83:=:2F0<=/ E1H.=</ 3 :56 12=B=O/9/: 3. </:6: 3:;3<=/=:

r" ? / ./=: J6823 9/: J=78/: :=02?2=</: 3 /;83:302/ 1./ /B2/ </;/<=9/93 93 /7:68456 93
J684/- /B?. 93 3><3;<=60/B 83:=:2F0<=/ / :1<3::=A6: </883D/.3026:
: J68./: ./=: <6.10: 93 <=02/: :56S
3:26 :3. J=.W
6. 6B@/=: :3. 83J6846W
6. 6B@/=: 83J684/96:W
6. 238.=0/=: .32LB=<6:-
6 </:6 93 238.=0/=: .32LB=<6:- 3B3: 93A3. :38 J3=26: 93 J68./ E13 :3C/ ;6::HA3B ;/::/8 1. ;3B6
61286 ;/8/ E13 :3 ;6::/ J/O38 1./ B/4/9/
3A=96 /6 30A3B@3<=.3026 9/: J=78/:- 3. 3:;3<=/B E1/096 1:/9/: /6 /8 B=A83 61 3. 7/0@6:
E1H.=<6:- / 9/2/ 93 J/78=</456 9/: <=02/: 93A3 3:2/8 0/ 32=E132/

&
 /8/ 8391O=8 6 /28=26 3 ;/8/ 3A=2/8 <6823: 0/: <=02/: ;693.6: 1:/8 83A3:2=.3026: <6. ./238=/=:
:=02?2=<6: 83:=:23023:- 3. 3:;3<=/B 93 ;6B=1832/06 68./B.3023 3:23: 93 ;38J=: :56 /C1:2LA3=: V
<=02/
/8/ 12=B=O/456 93 <=02/: 3>=:23. /BD1./: 83D8/: 3:;3<=/=:S
+1/096 :3 3B3A/ 1./ </8D/- 6 Y0D1B6 93 /738218/ 30283 /: ;602/: 9/ <=02/ 056 93A3
1B28/;/::/8 !e
6.3023 <=02/: <6. 6B@/=: 83J684/96: ;693. :38 12=B=O/9/: 3. B/46
/8/ 12=B=O/8 9=A38:/: <=02/: 01. 28/A3::56 269/: 93A3. 3:2/8 01./ ;380/ ;38;309=<1B/8
;/8/ 056 @/A38 3:J6846 ./=68 01./ 9/: ;380/:
: </8D/: 056 ;693. :38 93;6:=2/9/: :6783 /: <=02/: ;/8/ E13 056 :3C/. 9/0=J=</9/:
56 :3 ;693 9/8 0T 0/: <=02/:
;T: 12=B=O/456 3. 7/0@6: E1H.=<6:- /: <=02/: 93A3. :38 03128/B=O/9/: 3 30>/D1/9/: ;/8/
E13 056 @/C/ <60<3028/456 E1H.=</

? 8 : J I A :;
: <=02/: 93A3. :38 3>/.=0/9/: 3. =0238A/B6: 056 :1;38=683: / 91/: :3./0/:- E1/096 1:/9/: 3.
B3A/02/.3026: D38/=: 93 9=J383023: 2=;6: 93 </8D/:
n 6B6E13 / <=02/ 3. 1./ :1;38JH<=3 ;B/0/ <6. L83/ /;86;8=/9/
n >/.=03 6: 96=: B/96: 9/ <=02/
n =02/: 2=;6 03B 93A3. :38 3>/.=0/9/: 3. 2696 :31 <6.;8=.3026 3 ;38H.3286
n : /B4/: 96: 6B@/=: 93A3. :38 3>/.=0/9/: ;/82=<1B/8 3 <1=9/96:/.3023
n 696 3E1=;/.3026 93A3 :38 3>/.=0/96 :6.3023 ;68 1./ ;3::6/- 93:=D0/9/ ;/8/ 3:2/
=0:;3456
J? #V A > 8 @
56 3><3938 V: 3:;3<=J=</4G3: 96 J/78=</023- 0/: B=.=2/4G3: 93 ;3:6 3 3:2/7=B=9/93
10</ /;B=E13 1./ :6783</8D/ 06 3E1=;/.3026 93 3B3A/456
./ 6;38/456 :1/A3 3 7/B/0<3/9/ 83093 .1=26 ./=:- /B?. 93 3A=2/8 93:D/:23 96 3E1=;/.3026 3
/<=93023:
10</ 1:3 <=02/: /A/8=/9/:
6:=<=60/8 / <=02/ <68832/.3023 0/ </8D/- ;/8/ ;86;=<=/8 1./ JL<=B 83.6456- /;T: 6 1:6
& 56 93=>3 / </8D/ 3. <602/26 9=8326 <6. 6 ;=:6 6B6E13 </B46: /6 93:</883DL B/ ;/8/ .3B@68
;6938 3B3AL B/
( 56 ;6:=<=603 / <=02/: 3. </026: /D196: 61 <682/023:
2=B=O3 D/0<@6: <6. 1. 8/=6 93 /;6=6 010</ =0J38=68 / ] I- 93 :3456 B=:/ 3 839609/
) A=23 / <6B6</456 93 ./=: 93 ;/8 93 <=02/:- 06 .3:.6 D/0<@6
! +1/096 3B3A/8 1./ </8D/ ;3:/9/ <6. ./=: 93 1./ <=02/ A38=J=E13 :3 6 262/B 96 ;3:6 3:2L 73.
9=:28=71H96 0/ 230:56 96: A?82=<3: 9/ <=02/
? * 2 >
: <=02/: 3B3A/. 3 .6A=.302/. :1/ </8D/ 3. E1/BE138 1./ 9/: E1/286 J68./: 9=J383023: 93
B3A/02/.3026 =B1:28/96 BD1./: <=02/: :56 3:;3<=J=</.3023 93:=D0/9/: ;/8/ :383. 12=B=O/9/: 3.
:6.3023 1. 2=;6 93 B3A/02/.3026

(
 "=0D/: 93 6883023:

? A 8
6883023: :56 J/78=</9/: 3. 9=A38:/: J68./: 3 E1/B=9/93: 8=.3=8/.3023 6: 3B6: :56 9678/96: 3
93;6=: :6B9/96: 6:238=68.3023- ? J3=26 6 28/2/.3026 2?8.=<6 M<6883023: 93 D8/1N 3 30:/=6 93
28/456 =A38:6: 23:23: :56 J3=26: 918/023 3 /;T: / J/78=</456 ;/8/ E13 /: <6883023: :3C/.
<382=J=</9/: 18/023 / ;8691456- /BD10: 3B6: :56 9678/96: 3. 9=A38:6: :302=96: ;/8/ A38=J=</8 /
:6B9/ 3 /;T: / ;8691456 3 28/2/.3026 2?8.=<6- :56 83/B=O/96: 23:23: 93 28/456 3 81;218/
;/::6 93 1. 3B6 ? 6 :31 <6.;8=.3026 =023806 6.3023 <6883023 E13 230@/. 3B6: <6. ;/::6
=D1/B / A3O3: 6 :31 9=Y.3286 ;693. :38 12=B=O/9/: ;/8/ .6A=.302/456 3 /./88/456 93 </8D/:
:2/ 83D8/ :3 3>;B=</ ;3B6 J/26 93 E13 <6883023: /::=. <60:281H9/:- E1/096 /;B=</9/: 3. Y0D1B6:
8326:- 6: 3B6: :3 /;T=/. 06: 3B6: A=O=0@6:- 3A=2/096 /::=. E13 / <6883023 :3 96783

J?
6.10:- /BA/0=O/9/:- /B=78/9/: M :;3<=/=: ;/8/ /B@/:N

6883023 93 46 $68C/96 3 ./88/: /2? I

? * Q
/73B/ & /73B/ 93 39=9/: 3 3:6: ;86>=./96:
39=9/: 3>2 96: B6: 3. 3:6 /;86> /8D/ 93
=Y.3286 3. .. /;86> ;U. B6: :3D18/04/
.. ;U /: 6883023: <6.10: <1826: 3. KD
1:26: 6.; KD
- > ( !-
-! > &> !- &! !!
- (> & &> !- ! !
-! (> > !- ! !
- > )> !- ! !!
-! !> > & !- )! !
- > & > ( !-&!! !
&-! > ) &> & !-& ! !
&- (> (> !- !! !
(-! > )> -! ! !
-! > ! > - !! !!
)-! > ) &> & -&&! )!!
)- > >& - ! !!!
-! )> ) - ! !!
- > && - !! !!
-! !> ( - !! !!!
- > - !! !!
)-! & > ! -!!! !!!
-! ( > !- !! !!!
 : <6883023: </B=78/9/: 2F. /: .39=9/: 3>/2/:- :56 23:2/9/: 3. .LE1=0/: 93 ;86A/: 93 /<6896
<6. / 2/73B/ /<=./ 3 <6. 6 <63J=<=3023 - 61 :3C/- !!_ 9/ </8D/ /9.=::HA3B M</8D/ 93 :3D18/04/N

2 8 A # 3. /46 J68C/96 1:/9/: 3. J109=4G3:- ;6023: 86B/023:- 3.;83=23=86: 93

<60:281456 3 ;/8/ 2696: 6: 28/7/B@6: 6093 :3 2680/. 03<3::L8=6: D1=09/:23: ;/8/ 83.6456 93
./238=/B- <6.6 </8D/: 3 93:</8D/: 93 0/A=6: 3 </.=0@G3:
"=0D/: 93 6883023:

A A 7 A A A

/73B/ & +1/986 93 /8D/: 93 8/7/B@6

=26B/ 9/ 6883023 /8D/ 93 8/7/B@6
.. ;6B3D \D
U &I !!
)- U I !
-( U j !!
-) U I !!
) U j !!
- (U I &!!
- I )!!
-& U I ( !!
- U I ) &(!

"=0D/: 1;B/:- 8=;B/:- +1L981;B/:- 32< 3. 6883023 93 46 J68C/96 23:2/9/:

)
 /73B/ &
+1/986 93 /8D/: 93 8/7/B@6 "=0D/: 1;B/:
=26B/: 9/ 6883023 /8D/: 93 8/7/B@6
.. 6B3D/9/: h 0D e h 0D &!e h 0D )!e h 0D- !e
KD KD KD KD
U &I ! ! !!! (!!
)- U I ! ! ( ! !!
-( U j !!! !! !! !!
-) U I & (!! & ! !! (!!
) U j ) ! & ! ( !! !!
- (U I !! (!! ) &!! & )!!
- c )!! !!! !! !!
-& U I ! !! ) !! (!! !!
- U I & !! &!! ! !! !!
=.30:G3: ;86>=./9/:

2 8 J ;/8/ / .6A=.302/456 93 </8D/: 23.6: /B2380/2=A/: ;/8/ .3B@68/8 /

918/7=B=9/93- J/<=B=2/8 6 ./01:3=6 3 2/.7?. ;61;/8 / </8D/ 693.6: <60:3D1=8 =::6 <6.7=0/096
9=A38:6: ./238=/=:
? J J S
:/ :3 6 </76 ;/8/ ;/::/8 ;68 7/=>6 9/ </8D/ ;/823 E13 30A6BA3 / </8D/ ? 1./ <6883023 93
D8/1 6 E13- ;68 3>3.;B6- 06 28/0:;6823 93 283J=B/96: D/8/023 1./ 76/ 918/7=B=9/93 3 760:
<1:26:
J? J S
+1/096 6 </76 ? 03<3::L8=6 ;/8/ E13 :3 30A6BA/ / </8D/ 3 ;83<=:/ :3 2/.7?. 93 /C1:23 06
<6.;8=.3026 9/ "=0D/- 1:/ :3 3:2/ <6.7=0/456
? S
: <=02/: :56 12=B=O/9/: ;8=0<=;/B.3023 06 28/0:;6823 93 ;34/: /</7/9/: 61 :3.= /</7/9/: 6093 /
:1;38JH<=3 056 ;693 :38 9/0=J=</9/ 6. 3::/ <6.7=0/456 23. :3 / A/02/D3. 9/ 918/7=B=9/93 9/
<6883023 3 9/ J/<=B=9/93 93 :17:2=21=8 / <=02/ E1/096 03<3::L8=6 $68/ V ;6::=7=B=9/93 93 /C1:23
06 <6.;8=.3026 9/ "=0D/ 1:/096 D/88/: 93 30<182/.3026
? :
::=. <6.6 / <=02/- 6 B/46 :=02?2=<6 ;693 :38 <60C1D/96 <6. / <6883023 3 :31: /<3::T8=6: 3
./0238 / 76/ </8/<238H:2=</ 96 B/46 E13 ? / 93 ;61;/8 / </8D/ 93 9/06: :1;38J=<=/=:
. "=0D/: <6.7=0/9/: 93A3.6: /2302/8 ;/8/ E13 / ;B/E132/ 93 =9302=J=</456 :3C/ J3=2/ 93 /<6896
<6. / ;/823 ./=: J8LD=B 9/ "=0D/ 10</ <60:=938/8 / </8D/ ;3B6 9=.30:=60/B 9/ <6883023- ;6=:
03:23: </:6: 068./B.3023 3B/ 3:2L :1;38 9=.30:=60/9/ <6. 83B/456 /6: 61286: ./238=/=:
/;B=</96:

"
;T: 93J=0=8 E1/B 2=;6 93 "=0D/ E13 :38L 12=B=O/9/ M</76- <6883023- <=02/ 3 <6.7=0/9/N 93A3 :3
2/.7?. 93J=0=8 6 9=.30:=60/B 9/: .3:./: </8D/ 93A3 :38 28/0:;682/9/ :3. E13 / "=0D/ :3C/
:6783</883D/9/ </;/<=9/93 =0:<8=2/ 0/ ;B/E132/ 2/73B/ 61 32=E132/ 93J=03 / ./::/ E13 ;693
:38 3B3A/9/ <6. / "=0D/ /8/ 93J=0=8 / </8D/ /;B=</9/ 0/ "=0D/ 93A3 :3 :/738S
3 / </8D/ :38L 28/0:;682/9/ ;68 1./ 61 ./=: ;380/: ;38;309=<1B/83:
3 / </8D/ :38L 28/0:;682/9/ ;68 91/: 61 ./=: ;380/: 3. Y0D1B6

8=0<H;=6: 7L:=<6:S
+1/096 / </8D/ L /;B=</9/ 3. 1./ 61 ./=: ;380/: ;38;309=<1B/83: 3 / </8D/ ? /;B=</9/
93 J68./ =D1/B :6783 /: ;380/:- ;693. :3 :6./8 /: </;/<=9/93: 9/: .3:./:
+1/096 / </8D/ 056 ? /;B=</9/ =D1/B.3023 :6783 /: ;380/:- 93A3 :3 <602/8 <6. /
</;/<=9/93 93 /;30/: 91/:
+1/096 / "=0D/ J68./ 1. Y0D1B6 9=.=01= / </;/<=9/93 93 </9/ ;380/
)!
 +1/026 ./=68 / /0D1B/456- .3068 / </;/<=9/93 3- ;682/026- ./=68 / "=0D/ / :38 12=B=O/9/

6. Y0D1B6: 93 28/7/B@6 /<=./ 93 &!e / J684/ /;B=</9/ 3. 1./ P0=</ ;380/- 3><393 6 ;3:6 9/
</8D/ 3. :=

h 0D1B6 93 28/7/B@6 056 ;38.=::HA3B 6.6 Y0D1B6 93 28/7/B@6- 3023093 :3 6 Y0D1B6 E13 :3 J68./
01./ ;38;309=<1B/8 / B/238/B 9/ </8D/ 3 B=0D/
h 0D1B6 ./=68 E13 &!e

</8D/ ;3093 ;/8/ 1. B/96 ;68 =::6 / /0D1B/456 93 28/7/B@6 9/: ;380/: ? 9=J3830<=/9/
6. / 12=B=O/456 9/ 2/73B/: 93 </8D/ 3 6 <60@3<=.3026 96: Y0D1B6: ;693 :3 :3.;83 3:<6B@38 /
"=0D/ <68832/
7: S h 0D1B6: /<=./ 93 &!e 056 :56 ;38.=2=96: +1/096 1./ </8D/ ? /::=.?28=</ :31 <30286 93
D8/A=9/93 3:2L 93:B6</96 3- ;682/026 1./ ;380/ ? ./=: :6B=<=2/9/ E13 / 6128/ 682/026- 03::3:
</:6: 93A3 :3 1:/8 1./ "=0D/ 6093 1./ ;380/ :1;682/8=/ 269/ / </8D/

)
 >3.;B6 93 /73B/S

/8D/: 93 8/7/B@6 96 B@/B $B/.30D6

A
/73B/ & &> $ "" ^ $] %I $ S

J > :K S
N : </8D/: 93 28/7/B@6 96: B@/=: $B/.30D6 9678/96: :56 7/:3/96: 3. 9=Y.3286: 93
<18A/218/ .H0=.6: 93 / ! A3O3: 6 9=Y.3286 96 </76 3 3::3 9=Y.3286 J68 .3068-
93A3 :3 /1.302/8 6 J/268 93 :3D18/04/
N /8/ 9=.30:G3: 9=J383023: 96: 6B@/=: 3 61286: 9=Y.3286: <60:1B2/8 6 $/78=</023

0@+@)
/;/2=B@/: ;8623268/: 2=;6 ;3:/96
:;3<=/B.3023 9=.30:=60/9/: ;/8/ 3A=2/8 / 93J68./456 3 6 93:D/:23 96 </76 06: 6B@/=: 96
:1;38B/46

/;/2=B@/: <6.;/<2/:
68./B.3023 12=B=O/9/: 0/ J=>/456 93 </76: 93 /46 93 ;6023: 86B/023: 61 D1=09/:23:

)
 :28=76: ;86232683: 3:;3<=/=:
$/78=</96: <6. ./238=/=: 93 /B2/ 83:=:2F0<=/ A=2/. / 93J68./456 3 6 93:D/:23 96 </76 06:
6B@/=: 96 :1;38B/46 86;68<=60/. ;8623456 93 6B@/=: ;/98G3: 61 93 9=.30:G3: 3:;3<=/=:- ;693096
/=09/ :38 83/;86A3=2/96 0/ 286</ 96 :1;38B/46 =.30:=60/96: ;/8/ 3028/8 9=832/.3023 06 D/0<@6
9/ ;6023 86B/023 61 D1=09/:23

0?=: 2=;6 ;F8/

$/78=</96: <6. /46 </87606 3 :17.32=96: / 1./ </8D/ 93 ;86A/ :1;38=68 3. !_ V 83:;3<2=A/
</8D/ 93 28/7/B@6- D/8/02=096 .L>=./ :3D18/04/ 0/ :1/ 12=B=O/456

03BG3:
$/78=</96: <6. /46 </87606 3 :17.32=96: / 1./ </8D/ 93 ;86A/ :1;38=68 3. !_ V 83:;3<2=A/
</8D/ 93 28/7/B@6 693. :38 /;B=</96: 3. E1/=:E138 96: <60C1026: /;83:302/96:

/0<@6: J68C/96: <6. 6B@/B

$68C/96: 3. /46 </87606 17.32=96: / 1./ </8D/ 93 ;86A/ :1;38=68 3. !_ V :1/ </8D/ 93
28/7/B@6- ;/8/ ./=68 :3D18/04/
7: S 693. :38 30<6028/96: <6. 28/A/ 93 :3D18/04/

)
 /0<@6: <68839=46:
$68C/96: 3. /46 93 /B2/ 83:=:2F0<=/- 23096 1. </0/B 8396096 ;/8/ 6 </76 ;6938 93:B=O/8 $=>/. /
</8D/ 3A=2/096 / 93J68./456 3 6 93:D/:23 96 </76

/0=B@/: J68C/9/:
$68C/9/: 3. /46 </87606 693. :38 J6803<=9/: <6. ;=06 86:E13/96 61 <6028/;=0/96 $L<=B
<6B6</456 06: 6B@/=: 96: :1;38B/46: 61 J=>/456 0/: </8D/: / :383. =4/9/:

8/.;6: ;3:/96:
8/.;6: ;3:/96: 93/=: ;/8/ J=>/456 96: </76: 93 /46 61 J68./456 93 6B@/=: 3. </76: 93 /46
;/8/ =4/.3026 93 </8D/:

6E1323: /73826:
$/78=</96: <6. /46 </87606 3 :17.32=96: / 1./ </8D/ 93 ;86A/ 93 !_ 9/ </8D/ 93 81;218/
.H0=./ 3J32=A/96 </76 93 /46- E13 <6883:;6093 / 91/: A3O3: / </8D/ 93 28/7/B@6

6E1323: J3<@/96:
$/78=</96: <6. /46 </87606 3 :17.32=96: / 1./ </8D/ 93 ;86A/ 93 !_ 9/ </8D/ 93 81;218/
.H0=./ 3J32=A/ 96 </76 93 /46- E13 <6883:;6093 / 91/: A3O3: / </8D/ 93 28/7/B@6

)
 6E1323: 93 <10@/
2=B=O/96: ;/8/ J=>/456 93 </76: 93 /46- ;38.=2=096 ;6:238=68 83D1B/D3. 96 <6.;8=.3026

:2=</9683: J68C/96:

/0<@6 # B@/B B@/B # B@/B /0<@6 # /0<@6 /0=B@/ # B@/B /0=B@/ # /0=B@/

0@+@+ ' > :;

/8/ 3J3=26 93 <LB<1B6: 1:/ :3- <6.6 3>3.;B6- :3.;83 "=0D/: E13 <6.;682/. !!!\ D ;68 ;380/
6883023 !.. D8/1
/76 93 /46 ..
689/ 93 ;6B=;86;=B306 ..
6883023 .. D8/1
6883023 &.. D8/1
3A3.6: 93.60:28/8 <6. =:26 6 E1/026 / </8D/ ;693 ;3:/8 3. </9/ .696 93 6;38/456

)
 .6A=.302/456 <6. "=0D/: 93 1./ ;380/ ? ./=: :=.;B3: </8D/ ;693 :38 =D1/B / </;/<=9/93 93
</8D/ 9/ ;380/
.6A=.302/456 <6. "=0D/: 93 91/: ;380/: +1/026 ./=68 / /0D1B/456 .3068 / </;/<=9/93 93
</8D/ 9/ "=0D/- ;6=: /: J684/: 83:1B2/023: :56 <83:<3023:

"=0D/ 3. <3:26 ;38;309=<1B/8 V </8D/ ;693 6=: B/46: 3. ;38;309=<1B/8- ;68 </1:/ 9/
238 6 ;3:6 =D1/B / </;/<=9/93 93 E1/286 J684/ /;B=</9/ 06 B/04/.3026 3A3 :3
;380/: =093;3093023: :6./9/: /: =::6 <602/8 <6. /;30/: !_ 9/ </;/<=9/93 9/
:6.3023 :3 6 9=Y.3286 9/ ;34/ J68 D8/093 6 </8D/
:1J=<=3023 3 056 @61A38 </026: A=A6: T
;693 :38 1:/9/ E1/096 056 @61A38 8=:<6 9/
</8D/ 3:<6883D/8

)&
 3:26 91;B6 <6. /0D1B/456S ;68 </1:/ 9/
/0D1B/456 056 ;693.6: <602/8 <6. /
</;/<=9/93 93 ;380/: =09=A=91/=:
M >(!!KDN +1/096 23.6: "=0D/: 93 E1/286
;380/: ;693.6: /;30/: <602/8 <6.6 :3
J6::3. 28F: ;380/:- ;682/026- / .306: E13
:3 230@/ <3823O/ 93 E13 /: E1/286 ;380/:
3:23C/. =D1/B.3023 </883D/9/:
3 12=B=O/8.6: 1./ "=0D/ 3. <3:26 6093 /:
3>283.=9/93: 3:256 ;83:/: / 1. P0=<6 3B3 93
:1:2302/456 6093 / <6883023 28/7/B@3 :3.
9678/: /6 83968 9/ </8D/ 3 <6. 1./ /0D1B/456
=03>;83::=A/ 693.6: </B<1B/8 <6. / </;/<=9/93
93 </9/ ;380/ <6.6 <@3=/
6=: B/46: <6. /0D1B/456S / </8D/ 3:2L
93;6:=2/9/ 3. 91/: ;380/: 3A3 :3
<60:1B2/8 / 2/73B/ 3 A38 E1/B 6 9=Y.3286 3
E1/B / /0D1B/456 E13 :3 23. 3
;6:238=68.3023 93:<602/8 !_ 9/
</;/<=9/93 93 </8D/ ;68 </1:/ 96
B/04/.3026
3 12=B=O/8.6: 1./ "=0D/ 3. <3:26 61 3.
B/46 93A3.6: <602/8 <6. /;30/: !_ 93
:1/ </;/<=9/93 93 </8D/ ;68 </1:/ 9/
9678/ E13 ? J3=2/ 06 B/4/.3026
)(
 3 12=B=O/8.6: 1./ "=0D/ 3. <3:26 :3. J=.
6093 / <6883023 28/7/B@3 :3. 9678/: /6 83968
9/ </8D/ 3 <6. 1./ /0D1B/456 =03>;83::=A/
3A3.6: <602/8 <6. !_ 9/ </;/<=9/93 9/
</8D/ 93 :1/: ;380/: 1./ A3O E13 3B/ 28/7/B@/
9678/9/ :6783 6 D/0<@6
3 12=B=O/8.6: 1./ "=0D/ :3. J=. 3.
B/46- 93A3.6: <602/8 2/.7?. <6.
/;30/: !_ 9/ </;/<=9/93 93 :1/:
;380/: 1./ A3O E13 3B/ :6J83
9678/.3026: 06 B/46 3 06 D/0<@6

6A=.302/456 <6. 8/A3::G3:

6. 28/A3::G3: ;693. :3 J/O38 .6A=.302/4G3: .3:.6 <6. ;61</ /B218/ 93 3B3A/456- 3A=2/096
262/B 61 ;/8<=/B.3023 / /0D1B/456 9/: ;380/:
: </8D/: /7/=>6 96 8/A3::56 93A3. :38 ;83:/: 93 2/B J68./ E13 056 ;6::/. :3 9678/8 3 </=8
M</8D/ 61 ;34/: =09=A=91/=:N
3A3 :3 <60:=938/8 <6.6 P0=</ 93:A/02/D3. 96 8/A3::56 6 :31 ;8T;8=6 ;3:6- ;6=: E1/026 ./=68
:31 ;3:6 .3068 6 ;3:6 E13 ;69383.6: 28/0:;682/8- 93A=96 / B=.=2/456 96 .3=6 93 3B3A/456

3 12=B=O/8 8/A3::G3: 3 / </8D/ 056 J68 /B=0@/9/ 3. :31 <30286 / </8D/ ;3093 3 ;693 3:<6883D/8
3 </=8
6A=.302/456 <6. /0D1B/456 =0A382=9/- /: "=0D/: ;693. 3:<6883D/8 ;68 7/=>6 9/ </8D/

)
 . 8/A3::G3: <6. 96=: ;6026: 93 </8D/ 3:2L 06 <30286- /: 91/:
J=>/456 :1;38=68- :3 / </8D/ :T 3:2/8L J=>/4G3: :1;38=683: 3:256 =D1/B.3023
:3096 :1;682/9/ 3. 1./ 9/: J=>/4G3: </883D/9/:
:1;38=683: 96 8/A3::56

&

3A=96 V D8/093 ;836<1;/456 E13 ? 93;6:=2/9/ 3. J10456 9/ ;38J68./0<3 3 <60J=/7=B=9/93 96:

</76: 93 /46 3 /<3::T8=6:- /: 3.;83:/: 3 =0:2=21=4G3: ;86<18/. 93:30A6BA38 .?2696: 93 <60286B3
9/: <609=4G3: 93:23: <6.;603023: <6. 6 67C32=A6 93 D/8/02=8 1./ 6;38/456 :3D18/ ;/8/ 056 @/C/
9/06: ./238=/=: 3 /<=93023: 93 28/7/B@6 3. 1./ /2=A=9/93 93 28/0:;6823 3 =4/.3026 93 </8D/:
BD1./: =883D1B/8=9/93: E13 ;693 :38 30<6028/9/ 06: </76: 93 /46 :56S
8/.3: ;/82=96: 61 93:D/:2/96:W
391456 06 9=Y.3286 96: </76:W
6886:56W
6:218/: =0/93E1/9/: 61 /A/8=/9/:W
380/: 3:./D/9/: 61 .689=9/:W
3:28/04/.3026 9/ ;380/W
/=6B/ 93 ;/::/8=0@6W
678/W
8621738Y0<=/ 9/ /B./W
3:D/:23: B6</B=O/96:W
$68./456 93 :/</ 86B@/:

0@-@# ' , A :K
;38=69=<=9/93 9/: =0:;34G3: 93A3 :38 93238.=0/9/- 3. J10456 9/: <609=4G3: 93 1:6 96 </76-
;3B6 T8D56 93 =0:;3456 83:;60:LA3B 3<6.309/ :3 E13 6 ;38H696 :3. =0:;3456 056 1B28/;/::3
_ 9/ A=9/ P2=B ;83A=:2/ ;/8/ 6 </76 +1/096 056 :3 ;6::1=8 1. @=:2T8=<6 9/ A=9/ P2=B- 6 T8D56 93
=0:;3456 93A3 93238.=0/8 3:23 9/96 3 12=B=O/8 / J83ERF0<=/ /<=./ 83<6.309/9/
093;3093023.3023 9/ ;38=69=<=9/93 J=>/9/- E1/BE138 =09H<=6 93 93238=68/456 E13 =.;B=E13 0/
;389/ 9/ 83:=:2F0<=/ 68=D=0/B 96 </76 93A3 .62=A/8 1./ =0:;3456 96 .3:.6- ;/8/ 1./ /A/B=/456
9/: <609=4G3: 6;38/<=60/=: 96 </76

))
0@-@& ' > :; A :;
. J10456 96: 83:1B2/96: 672=96: 0/ =0:;3456 93A3 :38 93<=9=96 :3 6 </76 /;83:302/ 61 056 /
;6::=7=B=9/93 93 J/B@/ 3 :1/ 2/>/ 93 93238=68/456 ? 2/B E13 ;38.=2/ / :1/ 12=B=O/456- <6.
:3D18/04/- /2? / ;8T>=./ =0:;3456
/A/B=/456 9/ <609=456 96 </76 93A3 :38 J3=2/ 06 283<@6 E13 /;83:302/ / .L>=./ 93238=68/456 3
3:2309=9/ / 2696 </76

0@-@) ' :K A BC
8/.3: /82=96:
3A3 :3 :17:2=21=8 1. </76 3. :38A=46 E1/096 6 0P.386 A=:HA3B 93 /8/.3: 86.;=96:- 06 283<@6
./=: 9/0=J=</96- 3:2=A38 /<=./ 96: B=.=23:
+1/096 @61A38 1. 61 ./=: /8/.3: ;/82=96: 3. 1./ 9=:2Y0<=/ 93 % M9=Y.3286 3>23806 96
</76N 93 1. /<3::T8=6 =0:2/B/96 M;83:=B@/:- :6E1323 61 61286 /<3::T8=6N- 93A3 :38 /962/96 6
<8=2?8=6 J=>/96 ;3B/ 068./ 9/ 3.;83:/ 6093 3:2L =0:2/B/96 6 3E1=;/.3026
+1/BE138 3A=9F0<=/ 93 /8/.3: ;/82=96: 06 =0238=68 96 </76 =09=</ 1./ <609=456 /068./B
;6::=A3B.3023 93A=96 V J/9=D/- <6886:56 <6. 81;218/ 93 61286: /8/.3: 056 A=:HA3=: <6.
J/<=B=9/93 X 03<3::L8=6 30256 83/B=O/8 6 ;86<39=.3026 93 =0:;3456 A=:1/B 12=B=O/096 9=:;6:=2=A6:
/93E1/96: ;/8/ 83/B=O/8 /0LB=:3 =02380/ 96 </76 61 =0:;3456 3B3286./D0?2=</ ;/8/ /A/B=/8 6
0P.386 93 </76: 86.;=96:
</76 93A3 :38 :17:2=21H96 E1/096 @61A38 1./ 8391456 93 !_ 06 A/B68 93 :31 9=Y.3286 06.=0/B
93A=96 / /B238/4G3: 3:281218/=: 2/=: <6.6 81;218/ 9/ /B./ 93 /46 61 93238=68/456 9/ /B./ 93
J=78/ 61 93:D/:23 /78/:=A6 3>23806 61 <6886:56 3>2380/ 9=Y.3286 93A3 :38 .39=96 <6.6
=09=</ 0/ J=D18/ /7/=>6S

0:;3456 9/: <6:218/:

:3456 <6:218/9/ 96 </76 93A3 :38 3B=.=0/9/ 3 1./ 06A/ <6:218/ 93A3 :38 83/B=O/9/ :3 J683.
30<6028/96: ;/82=96: 61 D/:26:- ;380/: :6B2/:- /<3::T8=6: 9/0=J=</96: 61 <6. 93:D/:23 3><3::=A6-
9678/: ;1>/9/: ;/8/ J68/- <6886:56- J688/456 J6BD/9/ 3 61286: 93J3=26:
X =.;682/023 67:38A/8 E13 056 :3 /9.=23 <6:218/: 3. </76: 93 /46 ;/8/ D1=09/:23:- 7/B33=8/: 3
61286: 3E1=;/.3026: E13 30A6BA3. 8=:<6: 6;38/<=60/=:

0:;3456 9/: 380/:

</76 93A3 :38 :17:2=21H96 61 / <603>56 9/ 3>283.=9/93 83J3=2/ :3.;83 E13 J683. 30<6028/9/:
;380/: 3:./D/9/:- /<@/2/9/:- .689=9/: 61 <6. J6BD/: 3><3::=A/:
/:6 :3C/ 67:38A/96 93:28/04/.3026 9/ ;380/- 6 </76 93A3 :38 :17:2=21H96 61 / <603>56 9/
3>283.=9/93 93A3 :38 83J3=2/ ;/8/ 83/C1:23 96 ;/::6

0@-@+ ' C :; A ' L

/ 93J68./ 2=;6 :/</ 86B@/ 6 3=>6 96 </76 /::1.3 / J68./ @3B=<6=9/B ;3:/8 93 056 =.;B=</8 /
;389/ 93 83:=:2F0<=/ 96 </76- 3:2/ 93J68./456 :3 J68 :3A38/ ;693 28/0:.=2=8 1./ 6:<=B/456
918/023 / .6A=.302/456 96 </76 ;T: 1. B60D6 23.;6 93 :38A=46- 3:23 93J3=26 ;693 =.;B=</8 3.
1. /1.3026 06 93:D/:23 3 81;218/ 93 /8/.3: +1/096 6 A/B68 9/ 93J68./456 3. 83B/456 /6 3=>6
96 </76 J68 :1;38=68 / U 6 :31 9=Y.3286 06.=0/B- 06 283<@6 93 ./=68 93J68./456- 3:2/ 83D=56
93A3 :38 .60=268/9/ ;/8/ /A/B=/456 93 /1.3026 93 93:D/:23 3 81;218/ 93 /8/.3: :2/
93J68./456 93A3 :38 .39=9/ :3. </8D/

0@-@- ' 2 J C :; J @
023: 93 :38 3J321/9/ / B178=J=</456- 93A3 :38 83/B=O/9/ <68832/ B=.;3O/ 0/ :1;38JH<=3 96 </76
3A=2/096 6 1:6 93 ;869126: E13 <60230@/. 30>6J83 X 03<3::L8=6 A38=J=</8 6 3:2/96 93
B178=J=</456 96 </76- 3 </:6 / ;3BH<1B/ 93 B178=J=</023 056 3:23C/ 10=J68.3 3 <602H01/- /;B=</8 06A/
;3BH<1B/ D8/>/ 93 1:6 D38/B 3. </76: 93 /46 93A3 :38 93 7/:3 /:JLB2=</

!!
0@-@0 ;
128/ =.;682/023 A38=J=</456 ? 3. 83B/456 /6 3:2/96 93 <6886:56 96 </76 /8/ 3J321/8 /
=0:;3456 <68832/ ? 03<3::L8=6 12=B=O/8 ;86<39=.3026 93 =0:;3456 A=:1/B 12=B=O/096 9=:;6:=2=A6:
/93E1/96: ;/8/ 83/B=O/8 /0LB=:3 =02380/ 96 </76 61 =0:;3456 3B3286./D0?2=</ ;/8/ /A/B=/8 6
0P.386 93 </76: 86.;=96: 6886:56 :3A38/ 93238.=0/ / :17:2=21=456 96 </76

0@-@1 ' C
X 03<3::L8=6 :17:2=21=8 6 </76 E1/096 J683. 9323<2/96: 6: :3D1=023: 93J3=26:S D/=6B/: 93
;/::/8=0@6- 9678/:- ;8621738Y0<=/: 06 </76 61 0/ /B./- 93:D/:23: B6</B=O/96: 3 /A/8=/: ;68 </B68
ME13=./ ;68 ./4/8=<6 61 /8<6 3B?28=<6N 6.6 /B2380/2=A/ 6 </76 ;693 :38 ./02=96 3. :38A=46
93:93 E13 :3C/ 83.6A=96 6 283<@6 <6.;86.32=96 96 .3:.6

0@-@4 ' O J
/ =0:;3456 9/: 3>283.=9/93: 96: </76: E13 ;6::13. 238.=0/=: M:6E1323: /73826: 61 J3<@/96:-
;83:=B@/: 3 J68C/96:N 83<6.309/ :3 ;83A38 ;38=69=</.3023- /A/B=/456 96 3:2/96 93 <6886:56
=02380/96 </76 06 :6E1323- /28/A?: 93 30:/=6 8/9=6D8LJ=<6

0@-@6 ' A :; 8
: </76: :17.32=96: V =0:;3456 3B3286./D0?2=</ 93A3. :38 :17:2=21H96: E1/096 /;83:302/83.
8391456 93 :3456 832/ .32LB=</ 93A=96 <6886:56- 93:D/:23 61 /78/:56 M=023806: 3 3>23806:N
:1;38=68 / !_ 9/ :3456 68=D=0/B 61 /;83:302/83. 1. 0P.386 93 /8/.3: 86.;=96: E13
1B28/;/::3. 61 B=.=23: 3:2/73B3<=96:

0@-@#V ' A :;
0:;3456 3. /0=B@/:
+1/=:E138 93J68./4G3: A=:1/=: /;83:302/9/: ;3B/ ./0=B@/ 61 ;3B6 </A=856 :56 </1:/=: ;/8/
:17:2=21=4G3: /0=B@/: /;83:302/096 28=0</:- 93:D/:23 06 </A=856 3U61 06 <68;6 =D1/B 61 :1;38=68
/ !_ 96 9=Y.3286 96 ;86C326 93A3. :38 :17:2=21H9/:

0:;34G3: 93 /0<@6:
: D/0<@6: 93A3. :38 :17:2=21H96: E1/096 J683. 9323<2/96: 1. 61 ./=: 96: :3D1=023: 93J3=26:S

!
 68456 ./=68 96 E13 !nW
738218/ 93 D/8D/02/ _ ./=68 96 E13 / /738218/ 68=D=0/BW
8=0</:W
3:D/:23 /<3021/96 M./=68 E13 !_ N
S /8/ D/0<@6: <6. @/:23 93A3 :38 A38=J=</9/ / B=7389/93 93 D=86 /28/A?: 96 3:J6846 ./01/B

- Inspeção de Anéis Pêra

: /0?=: 93A3. :38 :17:2=21H96: E1/096 J683. 9323<2/96: 6: :3D1=023: 93J3=26:S
93:D/:23 /<=./ 93 !_ 9/ :1/ 9=.30:56 68=D=0/BW
28=0</: 3 93J68./4G3: 3. E1/BE138 83D=56 9323<2LA3=: ;68 =0:;3456 A=:1/B 61 <6. BHE1=96
;30328/023

0:;3456 93 6=2G3: 3 /9380/=:

3A3 :38 A38=J=</9/ / J388/D3. 9/ </734/ 96 .6=256 3U61 </9380/B ME1/096 D=8/2T8=6N E1/096 :31
D=86 J68 ;68 3:J6846 ./01/B
3A3 :38 A38=J=</9/ / J=>/456 9/: ;B/</: B/238/=: 73. <6.6 93J68./4G3: A=:HA3=: 0/: .3:./:
38=J=</8 2/.7?. / 3>=:2F0<=/ 93 93:D/:23 61 <6886:56 :3A38/ 06 <60C1026
: ;6B=/: 96: .6=2G3: 3 </9380/=: 93A3. :38 =0:;3<=60/9/: E1/026 /6: :3D1=023: =230:S
3:D/:23 3U61 93J68./4G3: 06 </0/B 96 JB/0D3W
$6BD/ 3>=:23023 30283 / ;6B=/ 3 3=>6W
"=7389/93 93 D=86 9/ ;6B=/W
>=:2F0<=/ 93 28=0</: 3:;3<=/B.3023 06: </0/=:W
38=J=</8 :3 @L ./8</ 06 </0/B ;86A6</9/: ;3B6 </76 93 /46 /:6 6<688/. 3:2/: ./8</: /
;6B=/ 93A3 :38 1:=0/9/ 61 :17:2=21H9/ ;68 6128/ 93 ./=68 9183O/

1 2 3 " /

( # "

./=68=/ 9/: .LE1=0/: 3 3E1=;/.3026: ;6::13. ./0</=: X :1/ J10456 ;6:=<=60/8 1. 3B3.3026 93
.LE1=0/ E13 D=8/ 3. 83B/456 / 61286
86B6 9/ J=D18/ 23. 91/: ;602/: 93 3=>6 /9/ ;602/ /;T=/ :3 3. 1. 7B6<6 93 ./93=8/ 3 ?
;6:=<=60/9/ ;68 1./ <60</A=9/93- / E1/B 03:23 </:6 <60:2=21= 1. ./0</B ;602/ 93 3=>6 93:B=O/
0/ <60</A=9/93- 3 6 ./0</B ;693 :38 <B/::=J=</96 <6.6 < @ 693.6: 9=O38
E13 6 86B6 ? :1;682/96 ;68 96=: ./0</=: 93 93:B=O/.3026 61- 3. 6128/: ;/B/A8/:- 6 <60C1026 93
./0</=: <60:=:23 93 96=: ./0</=: 93 93:B=O/.3026

3 6: 7B6<6: J683. <60:281H96: 9/ ./03=8/ .6:28/9/ 03:2/ J=D18/- <6. 3:J38/: 61 86B6: =0:38=96:
30283 6 3=>6 3 6 7B6<6- 6 3=>6 86B/8L :6783 /: 3:J38/: 61 86B6: 60:3ER3023.3023 6 .6A=.3026 93
93:B=O/.3026 :38L :17:2=21H96 ;68 1. .6A=.3026 93 86B/.3026- 3 ;693 :3 9=O38 E13 672=A3.6: 1.
@

!
 . ;6:238=68 93:30A6BA=.3026 96 ./0</8 ;6938L 30A6BA38 / =0:38456 93 /0?=: 93 /46 =02380/ 3
3>2380/.3023 V </883=8/ 93 3:J38/: 61 93 86B6: A E <6.6 :56 <@/./96: 6:
86B6: 3 /: 3:J38/:- =856 30256 D=8/8 30283 6: /0?=: =023806 3 3>23806
/D68/ <60:2=21H96 93S 1. O E A 3 1. @ : :1;38JH<=3: 96:
/0?=: 3. E13 6: <68;6: 86B/023: 28/7/B@/. :56 <@/./9/: 93 A E
:=.;B3:.3023 A @

D68/ :T 83:2/ ;86A38 6 ./0</B 93 1./ 8 ;/8/ 83238 6: <68;6: 86B/023: 06 .3:.6 3 :3;/8L
B6: 93 2/B J68./ E13 3B3: 056 /28=23. 10: <6028/ 6: 61286:- J=</096 3ER=9=:2/023: 30283 :=

: 86B/.3026: :56 <B/::=J=</96: 3. C E 93;3093096

96 2=;6 93 <68;6 86B/023 3.;83D/96 ;/8/ 28/0:.=2=8 / </8D/ 6.6 /: 3:J38/: 28/0:.=23. / </8D/
/28/A?: 93 1./ ;3E130/ L83/ 93 <602/26- 93J=0=9/ <6.6 1. A C <6. / ;=:2/- /:
.3:./: 056 ;693. :1;682/8 </8D/: 256 3B3A/9/: <6.6 6: 86B6:- E13 2F. 1. <6.
/: ;=:2/: 68 61286 B/96- 6 /28=26 93 86B/.3026 :38L .3068 01. 86B/.3026 93 3:J38/: 96 E13 01.
86B/.3026 93 86B6: ::6 =.;B=</ 3. ./=683: B=.=23: 93 862/456 3 23.;38/218/: ./=: 7/=>/: ;/8/
6: 86B/.3026: 93 3:J38/:- 3. <6.;/8/456 <6. 6: 86B/.3026: 93 86B6:

!
 : 86B/.3026: 93 86B6: ;693. 238 B E J ] @ :
;8=0<=;/=: 2=;6: 93 86B/.3026: 93 86B6: 2F. 06.3: B=D/96: /6 J68./26 93 :31: <68;6: 86B/023:- 61
:3C/S 86B/.3026 93 86B6: <=BH098=<6:- 86B/.3026 /126<6.;30:/968 93 86B6: 3 86B/.3026 93 86B6:
<Z0=<6: . D8/093 0P.386 93 2=;6: 9=J383023: 23. :=96 93:30A6BA=96- / J=. 93 :383.
/;86A3=2/9/: /: A/02/D30: ;/82=<1B/83: 93 </9/ 1.- 06: AL8=6: 8/.6: 9/ 30D30@/8=/ .3<Y0=</

;38D102/S ^. C W^ 56 ? JL<=B 93 :38

83:;609=9/ 3. ;61</: ;/B/A8/: 38/B.3023 ;693 :3 9=O38 E13 6: 86B/.3026: 93 3:J38/: :56
1:/96: E1/096 @61A38 </8D/: B3A3: 61 .?9=/:- 3 6: 86B/.3026: 93 86B6: E1/096 @61A38 </8D/:
.?9=/: 61 ;3:/9/: /8/ <=2/8 /BD10: 3>3.;B6:- 6: 86B/.3026: 93 3:J38/: :56 1:/96: 06: <176:
9/: 869/: 93 7=<=<B32/: 3 .626<=<B32/: </8D/: B3A3: 30E1/026 E13 06: <176: 93 869/: 93
</.=0@G3: </8D/: ;3:/9/: :56 1:/96: 86B/.3026: 93 86B6: 6: <176: 93 869/: 93 /126.TA3=:-
<60:=938/96: <6.6 1./ /;B=</456 93 </8D/ .?9=/- ;693856 :38 1:/96: 86B/.3026: 93 3:J38/: 61
93 86B6:

: 2=;6: 93 86B/.3026: <60:281H96: ;/8/ :1;682/8 </8D/: /21/096 ;38;309=<1B/8.3023 /6 3=>6- 2/B
<6.6 6: 86B/.3026: 96: <176: 93 869/:- ;68 3>3.;B6- :56 <@/./96: 93 @ :
86B/.3026: ;86C32/96: ;/8/ :1;682/8 </8D/: E13 /21/. 0/ 9=83456 96 3=>6 :56 <@/./96: 93
O @ . 86B/.3026 />=/B ;693 :38 1:/96- ;68 3>3.;B6- ;/8/ :1;682/8 6 3. ;1>6 93
1. @?B=<3 ;86;1B:68 93 1. 0/A=6 1=26: 2=;6: 93 86B/.3026: 8/9=/=: :56 </;/O3: 93 :1;682/8
2/.7?. </8D/: <6.7=0/9/:- J68./9/: 93 </8D/: 8/9=/=: 3 />=/=:

!
 : 93O 2=;6: 7L:=<6: 93 86B/.3026: 93 3:J38/: 61 86B6: E13 :3 J/78=</. /21/B.3023- CL 2=0@/.
:=96 93:30A6BA=96: 0/ 9?</9/ 93 ) ! 56 @61A3 030@1./ D8/093 .19/04/ 3. :1/ <60:281456
7L:=</ 3. @/A=96- ;68?. 1. D8/093 0P.386 93 .3B@68=/: 06 ;86C326 =023806- /BD1./:
83<3023.3023- 06 :302=96 93 62=.=O/8 /: 9=.30:G3: 96: <68;6: 86B/023: 3 ;=:2/:- / J=. 93 :3
67238 / .L>=./ </;/<=9/93 93 </8D/ ;6::HA3B : ;86C326: 93 93:30A6BA=.3026 /21/=: A=:/.
;8=0<=;/B.3023 / <8=/456 93 10=9/93: 61 <60C1026: 93 86B/.3026: 3:;3<=/=: ;/8/ <382/:
/;B=</4G3: =9?=/ ? 30283D/8 1./ 10=9/93 <6.;B32/ 93 86B/.3026- ;8? B178=J=</96 3 ;86026 ;/8/
:38 .602/96 9=832/.3023 0/ .LE1=0/

1@#@# A A :K
• 6B/.3026: 8HD=96: 61 J=>6: 93 3:J38/:S
: 86B/.3026: 8HD=96: 93 3:J38/: ;693. :38 93 1./ 61 91/: </883=8/:
B8 C ? 93 <60:281456 :=.;B3:- 056 :3;/8LA3B-
/93E1/96 ;/8/ 6;38/8 3. /B2/: 862/4G3: 3 3. D38/B 83E138 ;61</: /2304G3: 3. :38A=46
;86J109=9/93 96: </0/=: 9/: ;=:2/: 3 6 /B26 D8/1 93 6:<1B/456 30283 /: 3:J38/: 3 6: .3:.6:-
2680/. ;6::HA3B / 3:23: 86B/.3026: :1;682/8 </8D/: />=/=: <60:=938LA3=: 3. /.76: 6: :302=96:-
=0<B1:=A3 3. /B2/: 862/4G3: ::/: </8/<238H:2=</:- /B=/9/: / 1. ;8346 A/02/C6:6- J/O3. 96
86B/.3026 8HD=96 93 1./ </883=8/ 93 3:J38/: 6 ./=: ;6;1B/8 93 2696: 6: 86B/.3026:

: 86B/.3026: 8HD=96: 93 1./ </883=8/ 93 3:J38/: :56 2/.7?. J/78=</96: <6. A

A :; M:3. <602/26N 61 A > :; M<6. <602/26N 3. 1. 61 /.76: 6: B/96: :
86B/.3026: <6. 91/: ;B/</: 93 ;8623456 61 A39/456 :56 J6803<=96: B178=J=</96: <6. / E1/02=9/93
<68832/ 93 D8/>/ / 7/:3 93 BH2=6 3 ;693. :38 1:/96: 3. 23.;38/218/: 93 28/7/B@6 0/ J/=>/ 93
!e / ^ !e :23: 86B/.3026: :56 J83ER3023.3023 <@/./96: 93 J E 61
/=09/- 86B/.3026: B178=J=</96: ;/8/ / A=9/ 3- ;682/026 056 03<3::=2/. 93 83B178=J=</456 ;
> >H' I N' 8 @

!
 : 86B/.3026: 7B=09/96: ;693. :38 J6803<=96: <6. AL8=6: 2=;6: 93 D8/>/- ;/8/ /230938 /
9=J383023: J/=>/: 93 23.;38/218/
L8=6: 2=;6: 9=J383023: 93 ;B/</: M61 7B=09/D30:N :56 1:/9/: ./=: :=.;B3: ? / ;B/</ 93 ;8623456
- E13 ? 30</=>/9/ 01./ 8/0@18/ 96 /03B 3>23806 3 J68./ 1. A56 3:283=26 <6. 1. 83<3::6 0/
J/<3 B/238/B 96 /03B =023806 ./ .69=J=</456 ./=: 83<3023 ? / ;B/</ " - /6093 6 A56 3:283=26 ?
J68./96 30283 / ;B/</ 3 / :1;38JH<=3 3>2380/ 96 /03B =023806 ;B/</ 3:2L :3096 :17:2=21H9/
;3B/ " i ./: 6: 86B/.3026: <602=01/856 / :38 ./8</96 <6. / .3:./ B328/ M3:;3<=J=</456 \ $N

;B/</ 93 A39/456 ? J3=2/ 93 J L B .6B9/9/ :6783 1./ ;B/</ 93 83J6846 B/ ?

83:=:23023 /6 93:D/:23 3 93:B=O/ 01. 837/=>6 3>=:23023 06 /03B =023806 J68./096 1. A39/968 93
<602/26 ;B/</ ;8623D3 .3B@68 6 86B/.3026 E13 / ;B/</ - ./: 6 /28=26 D38/96 30283 6 BL7=6
93 7688/<@/ 3 6 /03B =023806 9=.=01= 6 B=.=23 93 862/456 93 1. 23846 :2/ ;B/</ 83:=:23- 3.
6;38/456 <602H01/- 23.;38/218/: 0/ J/=>/ 93 !e / ^ !e M3:;3<=J=</456 \ $N

;B/</ 93 A39/456 <602?. 1./ ;B/</ 93 83J6846 <6. J L C .6B9/9/ :6783

3:2/ ;B/</ 83:=:23- 3. 6;38/456 <602H01/- 23.;38/218/: 0/ J/=>/ 93 !e / ^ !e
: 86B/.3026: 8HD=96: 93 1./ </883=8/ 93 3:J38/: :56 2/.7?. J6803<=96: <6. 1./ 8/0@18/ ;/8/
/03B 93 83230456 :23 ;693 :38 30</=>/96 0/ 8/0@18/ 3 <6. =:26 / J=>/456 />=/B 96 86B/.3026
2680/ :3 ./=: :=.;B3:

!&
 3=>6 93:23 A302=B/968 ? :1;682/96 ;68 96=: 86B/.3026: 8HD=96: 93 1./ </883=8/ 93 3:J38/: <6.
;B/</: 93 A39/456 2=;6 3:2/ /;B=</456 /: ;B/</: 2F. / J10456 93 3A=2/8 E13 / D8/>/- E13 ?
;83::=60/9/ ;3B/ 30D8/>/93=8/- ;/::3 /28/A?: 96 86B/.3026 3 :3 /<1.1B3 930286 96 /B6C/.3026
30283 6: 86B/.3026:- 6093 056 :38=/ 93 030@1./ 12=B=9/93

: 86B/.3026: r :56 86B/.3026: 8HD=96: 93 1./ </883=8/ 93 3:J38/: 93 1. ;86C326 3:;3<=/B

/03B 3>23806 23. / :1;38JH<=3 3>2380/ /7/1B/9/- E13 3. <6.7=0/456 <6. 1. /B6C/.3026
/;86;8=/96- ;693 <6.;30:/8 1. 93:/B=0@/.3026 =0=<=/B 96 3=>6 E13 6<688/ 918/023 / .602/D3.
: 86B/.3026: r ;6::13. 6 /03B =023806 /B60D/96 <6. 1. 9=:;6:=2=A6 93 28/A/ 93 J68./ /
J/<=B=2/8 / J=>/456 06 3=>6

: 26B38Y0<=/: 96 J186 96 /03B =023806 :56 :3B3<=60/9/: 93 .696 E13 6 86B/.3026 ;6::/ :38
.602/96 3. 3=>6: J/78=</96: <6. 1./ J/=>/ 83B/2=A/.3023 B/8D/ 93 26B38Y0<=/: M3=>6:
<6.38<=/=:N : 86B/.3026: r :56 1:/96: 3. 1./ D8/093 D/./ 93 .LE1=0/: 6093 /: 3>=DF0<=/: 93
;83<=:56 93 D=86 056 :56 256 :3A38/:- <6.6 ;68 3>3.;B6- 28/0:;682/9683:- .LE1=0/: /D8H<6B/:- 32<
86B/.3026 ? J3=26 <6. 6 .3:.6 D8/1 93 ;83<=:56 E13 6: 61286: 8HD=96: 93 3:J38/:- ./: 6
.?2696 93 J=>/456 06 3=>6 056 ;6::1= / .3:./ ;83<=:56 93 <3028/B=O/456 :3 <6.;/8/96 / 1.
86B/.3026 .602/96 <6. /;3826 068./B 06 3=>6

: B8 C :56 12=B=O/96: 3. B1D/8 96: 86B/.3026:

8HD=96: 93 1./ </883=8/ 93 3:J38/: 0/: /;B=</4G3: 6093 @L 03<3::=9/93 93 ./=68 </;/<=9/93 93
</8D/ 93:30@6 <6. 91/: </883=8/: 93 3:J38/: 6J383<3 1. /<8?:<=.6 9/ </;/<=9/93 93 </8D/
<6. 1. B=D3=86 /1.3026 0/ B/8D18/ 96 86B/.3026W /: 9=.30:G3: 8/9=/=: :56 /: .3:./: E13 / 96:
86B/.3026: 8HD=96: 93 1./ </883=8/ 93 3:J38/:
/21/B <60:281456 <6. :1J=>6 - 3B=.=0/456 96: 8/:D6: 93 3028/9/ ;/8/ <6B6</456 93 3:J38/:-
:17:2=21= / <60:281456 /0238=68 <6. 8/:D6: 93 3028/9/- J/O3096 <6. E13 3:23: 86B/.3026: /D68/
;6::/. :1;682/8 </8D/: />=/=: 3. /.76: 6: :302=96:

!(
 • 6B/.3026: 93 3:J38/: 93 <602/26 /0D1B/8
: C 8 E .6:28/. D8/093:
:=.=B/8=9/93: <6. 6: 86B/.3026: 8HD=96: 93 1./ </883=8/ 93 3:J38/: 9=J38304/ ? E13 /: ;=:2/:
:56 =0<B=0/9/: 30283 := J68./096 1. Y0D1B6 93 <602/26 60:3ER3023.3023 3:23 86B/.3026 ;693
:1;682/8 3. 1. :302=96 </8D/: />=/=: ./=: /B2/: E13 1. 86B/.3026 8HD=96 93 3:J38/: 93 =D1/B
2/./0@6 02832/026- 056 ;693 :38 :6B=<=2/96 06 :302=96 6;6:26- CL E13 056 @L ;=:2/: 93::3 B/96
;/8/ :1;682/8 /: </8D/: :26 :=D0=J=</ E13 1. 86B/.3026 93 3:J38/: 93 <602/26 /0D1B/8 056 ;693
:38 1:/96 :6O=0@6- 3B3 :3.;83 23. 93 :38 /;B=</96 <6. 1. 61286 E13 :1;6823 </8D/ />=/B 06
:302=96 6;6:26
68 :38 1. 86B/.3026 93 <602/26 /0D1B/8- :18D3 1./ </8D/ />=/B :3.;83 E13 1./ </8D/ 8/9=/B J68
/;B=</9/ 03:23 86B/.3026 M</8D/ />=/B =091O=9/N

. 86B/.3026 93 1./ </883=8/ 93 3:J38/: 93 <602/26 /0D1B/8 ;693- ;68 3>3.;B6- :38 1:/96 06
J1:6 93 1./ J18/93=8/ ./01/B 3B?28=</ 3A=96 V ;6:=456 =0<B=0/9/ 9/: ;=:2/:- 6 86B/.3026 93
3:J38/: 93 <602/26 /0D1B/8 ? </;/O 93 :1;682/8 / </8D/ />=/B E13 :18D3 918/023 / 6;38/456 93
J18/456

!
 : 86B/.3026: 93 1./ </883=8/ 93 3:J38/: 93 <602/26 /0D1B/8 :56 J83ER3023.3023 .602/96: B/96
/ B/96 B3: ;693. :38 9=:;6:26: 93 28F: .696: 9=J383023:S 3. j j M7/<K 26 7/<KN- 3. j% j MJ/<3
26 J/<3N 61 3. 2/093. J=. 93 2680/8 ;6::HA3B 6 1:6 93 /BD1. 93:23: /88/0C6:- ? 03<3::L8=6 E13
6: 86B/.3026: 230@/. :=96 J/78=</96: ;/8/ .602/D3. 3. ;/83: :26 :=D0=J=</ E13 /: J/<3:
B/238/=: 96: /0?=: 93A3. :38 832=J=</9/: 93 J68./ / @/A38 1./ <68832/ J6BD/ =02380/ />=/B 93
A/B68 ;8393238.=0/96 3 1./ 9=:28=71=456 93 </8D/ 10=J68.3- :3. / 03<3::=9/93 93 /;B=</456 93
</B46: 61 83<18:6: :=.=B/83:
3::3: 86B/.3026: 1:/96: ;/8/ .602/D3. 3. ;/83: ? 9/96 1. :1J=>6 3:;3<=/B

: 86B/.3026: 93 1./ </883=8/ 93 3:J38/: 93 <602/26 /0D1B/8 <6. :1J=>6 2F. 1. Y0D1B6 93
<602/26 <>S g !! :1J=>6 61 =09=</ 1. Y0D1B6 93 <602/26 93 e 3 6 :1J=>6 61 93
e <60J68.3 3:;3<=J=</456 \ $

• 6B/.3026 93 3:J38/: 93 E1/286 ;6026: 93 <602/26

C I A ? 1. 86B/.3026 93 1./ </883=8/ 93
3:J38/: 93 <602/26 /0D1B/8 <6. Y0D1B6 93 <602/26 93 e E13 2F. :1/: ;=:2/: 93 2/B J68./
;86C32/9/: E13 ;693. :1;682/8 </8D/: />=/=: 3. /.76: 6: :302=96: : 86B/.3026: 93 3:J38/: 93
E1/286 ;6026: 93 <602/26 2F. 6 /03B =023806 <6.;6:26 93 91/: ;/823: 3 ;693.- ;682/026 :38
J/78=</96: <6. 1. D8/093 0P.386 93 3:J38/:- 9/H :1/ /B2/ </;/<=9/93 93 </8D/ 3 /
;/82=<1B/8=9/93 93 6;38/83. .3B@68 :67 </8D/: ;8396.=0/023.3023 />=/=: 3A=96 V :1/
<60:281456 :3;/8LA3B- 6 <60C1026 /03B 3>23806- D/=6B/ 3 3:J38/: ;693. :38 .602/96:
=093;3093023.3023 96 /03B =023806

!)
 • 6B/.3026 93 91/: </883=8/: 93 3:J38/: 93 <602/26 /0D1B/8
C 8 23. </8/<238H:2=</: :=.=B/83: /
96=: 86B/.3026: 93 1./ </883=8/ 93 3:J38/: 93 <602/26 /0D1B/8 .602/96: 0/ 9=:;6:=456 3. j j
382/: /;B=</4G3: <60:=:23. 3. /;30/: 1. 93::3: 86B/.3026: <176 93 869/ 93 1. /126.TA3B
;693 :38 <=2/96 <6.6 1. 3>3.;B6 93:23 2=;6 93 /;B=</456 86B/.3026 93 91/: </883=8/: 93
3:J38/: 93 <602/26 /0D1B/8 2F. 93 1. 96: B/96: 1. 8/:D6 93 3028/9/ 3. /.76: 6: /0?=: ;/8/
=028691456 9/: 3:J38/: 3 J68 /;B=</9/ 1./ </8D/ />=/B ;8396.=0/023.3023 ./=68 01. 96:
:302=96:- 6 86B/.3026 93A38L :38 9=:;6:26 93 J68./ E13 3:2/ </8D/ />=/B 056 :3C/ 9=8=D=9/ <6028/
6 8/:D6 93 3028/9/ 86B/.3026 93 91/: </883=8/: 93 3:J38/: 93 <602/26 /0D1B/8 2/.7?. ?
J/78=</96 <6. 6 /03B =023806 3. 91/: ;/823:

• 6B/.3026 /126<6.;30:/968 93 3:J38/:

A C J6= ;86C32/96 ;3B6 J109/968 9/ \ $- A30 p =0DE1=:2-
:3096 6 ;8=.3=86 2=;6 / :38 ;8691O=96 ;3B/ <6.;/0@=/ /E13B3 23.;6 @/A=/ D8/093 03<3::=9/93
93 1. 86B/.3026 E13 ;38.=2=::3 93:/B=0@/.3026 30283 6 3=>6 3 / </=>/ 86B/.3026
/126<6.;30:/968 83:6BA31 3:23 ;867B3./ 3 J6= 6 .3=6 ;3B6 E1/B / \ $ /2=0D=1 B6D6 1. 8306.3
.109=/B

:23 86B/.3026 ;6::1= 91/: </883=8/: 93 3:J38/: <6. 1./ ;=:2/ 3:J?8=</ <6.1. 06 /03B 3>23806
:2/ PB2=./ </8/<238H:2=</ <60J383 /6 86B/.3026 93 :1/ ;86;8=39/93 /126/B=0@LA3B :26 :=D0=J=</
E13 6 86B/.3026 ;693 :1;682/8 1. ;3E1306 93:B6</.3026 /0D1B/8 06 3=>6 3. 83B/456 V </=>/ .
93:/B=0@/.3026 /0D1B/8 93:2/ 3:;?<=3 ;693 :18D=8 <6.6 1. 83:1B2/96 9/ 93JB3>56 96 3=>6-
93:0=A3B/.3026 0/ 7/:3- 61 3886: 93 .602/D3.S 93:/B=0@/.3026 /0D1B/8 ;38.=::HA3B A/8=/ 93
- e / e 93 /<6896 <6. 6 2/./0@6 3 :?8=3 96: 86B/.3026: 86B/.3026 ;693 :1;682/8 </8D/:
/>=/=: B3A3: <6.6 2/.7?. </8D/: 8/9=/=:

!
 : 86B/.3026: /126<6.;30:/9683: :56 03<3::L8=6: 3. /;B=</4G3: 0/: E1/=: 6 3=>6 ? :1;682/96 ;68
86B/.3026: 3. </=>/: :3;/8/9/:- 1./ A3O E13 056 ? ;6::HA3B /B=0@/8 /: </=>/: <6. :1J=<=3023
;83<=:56 ;/8/ ;83A30=8 =0<B=0/456 96: 86B/.3026:

• 6B/.3026: /126<6.;30:/9683: 93 86B6:

: 86B/.3026: 93 86B6: :56 1:/96: 3. /;B=</4G3: 6093 @L /B2/: </8D/: 6.6 V: A3O3: @L 2/.7?.
03<3::=9/93 93 <6.;30:/8 <3826: 93:/B=0@/.3026:- J6= 93:30A6BA=96 6 86B/.3026
/126<6.;30:/968 93 86B6:
A 23. 91/: </883=8/: 93 86B6: 3 1./ ;=:2/ 3:J?8=</ <6.1.
06 /03B 3>23806
B3 ;6::1= 1. D8/093 0P.386 93 86B6: :=.?28=<6:- B60D6: 3 93 D8/093 9=Y.3286 3-
<60:3ER3023.3023- 23. /B2/ </;/<=9/93 93 </8D/ : 86B6: :56 D1=/96: ;3B/: ;=:2/:- D/=6B/ 3 1.
/03B 93 D1=/ :6B26- ;6:=<=60/96 30283 /: 91/: </883=8/: 93 86B6: <60:281456 =02380/ /21/B 96:
86B/.3026: /126<6.;30:/9683: 93 86B6: 83;83:302/ 6 PB2=.6 /A/046 93::/ 23<06B6D=/ ./
D36.328=/ 3:;3<=/B 3 1. /</7/.3026 62=.=O/96 0/: :1;38JH<=3: 9/: ;=:2/: /::3D18/. 1. .H0=.6
93 /28=26 06: 86B/.3026: :23: 86B/.3026: D38/. 23.;38/218/: .30683: 3. J10<=60/.3026 3
;693. :1;682/8 </8D/: />=/=: ./=: ;3:/9/: 61 D=8/8 3. 862/4G3: ./=683: 93 E13 6: 9/:
<60:2814G3: /0238=683:

;86;8=39/93 93 /126 /B=0@/.3026 96 86B/.3026 /126<6.;30:/968 93 86B6: ? 1:/9/ ;/8/

<6.;30:/8 93JB3>G3: 96 3=>6 3 3886: 93 /B=0@/.3026 . /BD10: </:6: ? 2/.7?. 1:/96 ;/8/
;38.=2=8 .6A=.3026: ;8393238.=0/96: 96 3=>6 >3.;B6: 9=:26 :56 <3826: /88/0C6: 93 86B/.3026:
3. 3=>6: 93 A/DG3: J3886A=L8=6:- 6093 6: /B6C/.3026: :3 =0<B=0/. 93A=96 /6 :=:23./ 93 :1:;30:56
12=B=O/96 +1/096 1. 283. 3>3<12/ 1./ <18A/- / </=>/ J6D3 96 /B=0@/.3026 <6. 6 3=>6
93:/B=0@/.3026 /0D1B/8 ;38.=::HA3B <6. 6: 86B/.3026: /126<6.;30:/9683: 93 86B6: A/8=/ 93 /
- e- 93 /<6896 <6. / :?8=3 96 86B/.3026 3:<6B@=96
 ./ D8/093 E1/02=9/93 93 86B/.3026: /126<6.;30:/9683: 93 86B6: :56 ;8691O=96: <6. J186
<Z0=<6- 6 E13 J/<=B=2/ / .602/D3. 3 93:.602/D3. ;68 .3=6 93 71<@/: 93 J=>/456- 71<@/: 93
93:.602/D3. 61 9=832/.3023 3. /::3026: <Z0=<6: 96 3=>6 :23 ./0</B J3886A=L8=6 J6= ;86C32/96
;/8/ 1. </886 93 .328Z 86B/.3026 23. J186 <Z0=<6 3 ? .602/96 :6783 1./ 71<@/ 93
93:.602/D3.
: A 056 :56 256 B/8D/.3023
3.;83D/96: <6.6 6: 86B/.3026: 93 91/: </883=8/: : 86B6: :56 :=.?28=<6: 3 3. J68./ 93 7/88=B
:23 86B/.3026 ;693 83:=:2=8 / 3B3A/9/: </8D/: 8/9=/=:- ./: /;30/: / .6938/9/: </8D/: />=/=:

• 6B/.3026: 93 86B6: <=BH098=<6:

: 86B6: 96: B :56 D1=/96: />=/B.3023 ;68 JB/0D3: =0<68;68/96: 06
/03B =023806 61 3>23806 /03B <6. JB/0D3: 3 / D/=6B/ 832F. 6: 86B6:- J68./096 1. <60C1026 E13
;693 :38 :3;/8/96 96 61286 /03B </8/<238H:2=</ :3;/8LA3B 93:23: 86B/.3026: J/<=B=2/ /
.602/D3. 3 93:.602/D3. 3. <3826: </:6:

: 86B/.3026: 93 86B6: <=BH098=<6: ;693. :1;682/8 </8D/: 8/9=/=: ;3:/9/: 3 ;38.=23. /B2/:
862/4G3: 93 28/7/B@6
 86B/.3026 93 1./ </883=8/ 93 86B6: <=BH098=<6: ? J/78=</96 3. AL8=6: 2=;6:- ;6::1=096 AL8=/:
9=:;6:=4G3: 9=J383023: 96: JB/0D3: 3 6 86B/.3026 3:2L :1C3=26 / 1./ </8D/ />=/B :6.3023 3. 1.
:302=96- 3.;83D/ :3 1. 2=;6 <6. 28F: JB/0D3: M N- :3096 6 JB/0D3 96 /03B =023806 1:/96 ;/8/ 6
;6:=<=60/.3026 />=/B 3 6 86B/.3026 :3 93:2=0/ / :1;682/8 </8D/: />=/=: 3. /.76: 6: :302=96:-
30256 93A38L :38 1:/96 1. /03B 93 30<6:26 M2=;6 N- 61 1. JB/0D3 ;6:2=46 M2=;6 N

: T A B ;6::13. ;3E130/ /B218/ 93

:3456- /B2/ </;/<=9/93 93 </8D/ 3 ;3E130/ 83:=B=F0<=/ B3: :56 /93E1/96: ;/8/ /88/0C6: 8HD=96: 3
;/8/ :1;682/8 </8D/: ;3:/9/:- :3096 ;8=0<=;/B.3023 3.;83D/96: 3. .LE1=0/:- J388/.302/: 3
B/.=0/9683:

• 6B/.3026: 93 /D1B@/:
6783 6 ;6026 93 A=:2/ <60:2812=A6- 6: 8 L :3 /::3.3B@/. /6: 86B/.3026: 93
86B6: <=BH098=<6: : 9=.30:G3: 96: 86B6: 3 6 .?2696 93 D1=L B6: :56 /: </8/<238H:2=</: 9=J383023:
30283 3::3: 96=: 2=;6: 93 86B/.3026: 9=Y.3286 96: 86B6: 2=;6 /D1B@/ ? ;3E1306- D38/B.3023 93
- / .. 3 6 <6.;8=.3026 ? 068./B.3023 - A3O3: 6 :31 9=Y.3286 9=Y.3286 96: 86B6: 06:
86B/.3026: 93 86B6: <=BH098=<6: ? <60:=938/A3B.3023 ./=68 3 6 <6.;8=.3026 ? /;86>=./9/.3023
93 / -& A3O3: / .39=9/ 96 9=Y.3286
 : 86B/.3026: 93 /D1B@/: :56 J/78=</96: 3. AL8=6: 2=;6: 9=J383023: 3 :56 =09=</96: ;/8/
/;B=</4G3: <1C6 3:;/46 8/9=/B ? 8391O=96 3 6 3:;/46 9=:;60HA3B ? .1=26 ;3E1306- 6: 86B/.3026:
93 /D1B@/: :56 1:/96: :3. 6 /03B =023806 61 :3. 6: 96=: /0?=:- 61 :3C/- /;30/: 1./ D/=6B/ 93
/D1B@/: : D/=6B/: 93 /D1B@/: :56 <60:2=21H9/: 93 /D1B@/: ;83:/: ;68 1./ D/=6B/- E13 28/7/B@/.
3. ;=:2/: 1:=0/9/: 06 3=>6 3 0/ </=>/
./ J L 8 L ? 672=9/ ;3B/ <6.7=0/456 93 1. <60C1026 93 /D1B@/: <6. 1. /03B 3>23806
J3=26 93 /46 ;830:/96 D/=6B/ D38/B.3023 ? 93 /46 ;830:/96- ./: D/=6B/: 93 ;BL:2=<6 :56
2/.7?. 12=B=O/9/: 71<@/ 93 /D1B@/: /;83:302/ /: .3:./: A/02/D30: 96 86B/.3026 93 /D1B@/:-
3- 93A=96 V 7/=>/ /B218/ 9/ :3456- ? =09=</96 ;/8/ <382/: /;B=</4G3: 6093 1./ D/=6B/ 93 /D1B@/:
056 ;693 :38 3.;83D/9/ 93A=96 / 9=J=<1B9/93: 93 :3 23.;38/8 / ;=:2/ 3>2380/ 0/ </=>/

• 6B/.3026: 93 86B6: <Z0=<6:

: ] 2F. 1. D8/093 0P.386 93 /;B=</4G3: 0/ =09P:28=/ .3<Y0=</- 3
3. ;/82=<1B/8 0/ L83/ /126.67=BH:2=</ . 1. 86B/.3026 93 86B6: <Z0=<6: / B=0@/ 93 /456 93 </8D/
:6783 6 86B6 J68./ 1. Y0D1B6 <6. 6 3=>6 96 86B/.3026 :23: 86B/.3026: :56 ;/82=<1B/8.3023
83<6.309/96: E1/096 /D3. </8D/: <6.7=0/9/: M8/9=/B 3 />=/BN : 86B/.3026: :56 96 2=;6
:3;/8LA3B- =:26 ?- 6 /03B 3>23806 M</;/N 3 6 /03B =023806 <6. / D/=6B/ 3 6: <68;6: 86B/023: M<603N
;693. :38 .602/96: :3;/8/9/.3023 : 86B/.3026: 93 86B6: <Z0=<6: :56 :3.;83 .602/96: 3.
;/83:- ;68 :1;682/83. </8D/: />=/=: :6.3023 3. 1. :302=96 3A=96 / ;=:2/ :38 93 <602/26
/0D1B/8- :18D3 1./ </8D/ />=/B :3.;83 E13 1./ </8D/ 8/9=/B J68 /;B=</9/ 03:23 86B/.3026 M</8D/
/>=/B =091O=9/N
 • 6B/.3026: />=/=: 93 3:J38/ 3 93 86B6:
: O C A ;6::13. 1./ </883=8/ 93 3:J38/:- ./02=9/
3. ;6:=456 ;68 1./ D/=6B/ 3 96=: /0?=: <6. ;=:2/: <=8<1B/83: 93 ;61</ ;86J109=9/93 /03B 93
3=>6 23. 1. J186 1. 2/026 .3068 E13 6 /03B 93 </=>/ 3 ? ;6:=<=60/96 ;3B6 3=>6 /03B 93 </=>/
23. 1. 9=Y.3286 3>23806 1. 2/026 ./=68 E13 6 /03B 93 3=>6 86B/.3026 ;693 :1;682/8 </8D/
/>=/B 3. /;30/: 1. :302=96 3 056 83:=:23 / </8D/: 8/9=/=: : 86B/.3026: />=/=: 93 3:J38/: 93
3:<68/ :=.;B3: 056 ;693. :38 3.;83D/96: 3. <60C1026 <6. ./0</=: 93 93:B=O/.3026- ;6=: / J6BD/
93:23: ./0</=: ;693 /1.302/8 3. 6;38/456 3 30256 6 86B/.3026 />=/B J=</8=/ :1C3=26 / </8D/
8/9=/B :26 <6091O=8=/ / 1./ J/B@/ ;83./218/ 9/ D/=6B/

: </8D/: 03:23 D/0<@6 93 D1=09/:23 :56 :1;682/9/: ;68 1. 86B/.3026 />=/B 93 3:J38/: 93 3:<68/
:=.;B3:
: O C 8 2F. 91/: </883=8/: 93 3:J38/: 3 :1;682/.
</8D/: />=/=: 3. /.76: 6: :302=96: 86B/.3026 ;693 :38 1:/96 3. 862/4G3: ./=: /B2/: E13 /:
96: 86B/.3026: />=/=: 93 3:J38/: 93 3:<68/ :=.;B3:

: 86B/.3026: />=/=: 93 3:J38/: 93 <602/26 /0D1B/8 :56 1:/96: ;8=0<=;/B.3023 3. <6.7=0/456

<6. 6: 86B/.3026: 93 91/: </883=8/: 93 86B6: <=BH098=<6: 3. J1:6: 3 L8A683: 93 .LE1=0/:
6;38/28=O3:
: O A :56 1:/96: ;/8/ /B2/: </8D/: />=/=: ;=:2/
3:J?8=</ 9L / ;86;8=39/93 93 /126<6.;30:/456 /6 86B/.3026 6 <6028L8=6 96: 61286: 86B/.3026:
/>=/=:- 6: 86B/.3026: />=/=: /126<6.;30:/9683: 93 86B6: :56 </;/O3: 93 :1;682/8 </8D/: 8/9=/=:
M/2? _ 9/ </8D/ />=/B /21/096 :=.1B2/03/.3023N
B3: :56 J/78=</96: 3. 91/: <60:2814G3: 9=J383023:- 93;3093096 96 2/./0@6 3 9/ :?8=3 :
86B/.3026: <6. 6 :1J=>6 93 93:=D0/456 - /2? 6 2/./0@6 & - ;6::13. D/=6B/ ;830:/9/ 93 /46
696: 6: 61286: 86B/.3026: ;6::13. D/=6B/: 1:=0/9/: 93 B/256 61 /46 /: E1/=: :56 D1=/9/: ;68 1./
71<@/ ;83:/ 06 J186 96 /03B 93 3=>6
: 86B/.3026: />=/=: /126<6.;30:/9683: 93 86B6: :56 1:/96: 3. .1=2/: /;B=</4G3: 2/=: <6.6S
;6023: .TA3=:- D1=09/:23:- 3=>6: ;86;1B:683: 3 2187=0/: 3=>6 03:23 D38/968 A382=</B ?
:1;682/96 ;68 1. 86B/.3026 />=/B /126<6.;30:/968 93 86B6: 3 ;68 1. 86B/.3026
/126<6.;30:/968 93 86B6: 8/9=/B 3:23 </:6 6 86B/.3026 />=/B 2/.7?. :1;682/ </8D/: 8/9=/=:

1@#@& ' " C ]

3826: 2=;6: 93 86B/.3026:- 2/=: <6.6 6: 86B/.3026: /126<6.;30:/9683: 93 3:J38/:-
/126<6.;30:/9683: 93 86B6: 3 86B/.3026: 93 91/: </883=8/: 93 86B6: <=BH098=<6:- :56 J/78=</96:
01./ A38:56 <6. J186 <Z0=<6 6 </:6 93 86B/.3026: 93 2/./0@6 .?9=6 3 ;3E1306 / <60=<=9/93 ?
93 S - 3- ;/8/ D8/093: 86B/.3026:- ;68 ! : 86B/.3026: <6. J186 <Z0=<6 ;693. :38
.602/96: :6783 71<@/: 93 J=>/456- 71<@/: 93 93:.602/D3. 61 3. 3=>6: <6. /::3026 <Z0=<6

7 L C O :;
1<@/ 93 J=>/456 ? / 71<@/ 93 3:;3::18/ J=0/- J309=9/ E13 ? ;6:=<=60/9/ :6783 6 3=>6 3.
:1;38JH<=3 3>2380/ <Z0=</- E13 :38A3 93 /::3026 /6 86B/.3026 71<@/ ;6::1= 1./ :3456
86:E13/9/ ;/8/ 83<3738 / ;68</ 93 J=>/456 :2/ ;68</ ? 1:/9/ ;/8/ 93:B6</8 6 86B/.3026 0/
71<@/ /2? E13 3:2/ :3 ;8309/ J=8.3.3023 06 3=>6 ;68</ ? ./02=9/ 3. ;6:=456 ;68 1./ /8813B/
93 28/A/ +1/096 / ;68</ 3:2=A38 /;382/9/- 1./ 9/: ;602/: 9/ /8813B/ 93 28/A/ ? 9678/9/ ;/8/
930286 93 1. 302/B@3 3>=:23023 0/ ;68</ B=0D132/ =02380/ 9/ /8813B/ 93 28/A/ :3 30</=>/ 01./
8/0@18/ 9/ 71<@/ 3 =.;393 E13 / ;68</ 3 / ;8T;8=/ /8813B/ D=83.

71<@/ 93 J=>/456 ? D38/B.3023 3.;83D/9/ E1/096 6: 86B/.3026: 93A3. :38 .602/96: 3. 3=>6:
B=:6: X JL<=B / .602/D3. 3 93:.602/D3. 96: 86B/.3026: 3. 71<@/: 93 J=>/456 3
<60:3ER3023.3023 3:2/: :56 D38/B.3023 1:/9/: 3. /88/0C6: :=.;B3: 93 86B/.3026: 3.;83D/096
</=>/: ;/9860=O/9/: <6. 7/:3
: 2=;6: 93 86B/.3026: ./=: 3.;83D/96: <6. 71<@/: 93 J=>/456 :56 6: 86B/.3026:
/126<6.;30:/9683: 93 3:J38/: 3 /126<6.;30:/9683: 93 86B6:- ./: 61286: 2=;6: 93 86B/.3026:-

&
<6.6 6: 8HD=96: 93 3:J38/: ;693. :38 .602/96: <6. 71<@/: 93 J=>/456 ./ 6128/ J/<=B=9/93
/B?. 9/ .602/D3. 3 93:.602/D3. 672=9/ <6. /: 71<@/: 93 J=>/456 ? E13 ;693. :38 1:/96: 3=>6:
1:=0/96: <6. 1./ 26B38Y0<=/ 83B/2=A/.3023 D8/093 602196 6: 86B/.3026: .602/96: :6783
71<@/: 93 J=>/456 056 ;693. :38 3.;83D/96: ;/8/ /;B=</4G3: E13 83E1383. D8/093 ;83<=:56

7 L 8
71<@/ 93 93:.602/D3.- <6.6 / 71<@/ 93 J=>/456- ? J309=9/- ./: 056 ;6::1= 030@1./ ;68</
;/8/ 3.;188/8 6 86B/.3026 :6783 3B/ 71<@/ 93 93:.602/D3.- /6 <6028L8=6- ? 3.;188/9/ 30283
6 3=>6 3 6 86B/.3026 ;68 .3=6 93 1./ ;68</ ;6:=<=60/9/ 06 3=>6 ./ ;68</ \ 96 .3:.6 2=;6
93 ;68</ 1:/9/ <6. / /8813B/ 93 28/A/ 0/ 71<@/ 93 J=>/456 ;693 :38 1:/9/ ;/8/ 3:23
;86;T:=26 /8/ :3 832=8/8 / 71<@/ 93 93:.602/D3.- 1./ ;68</ /;86;8=/9/ ? ;6:=<=60/9/ 0/ :3456
86:E13/9/ 9/ 71<@/ 3 /;382/9/ <6028/ 6 86B/.3026 /2? E13 / 71<@/ :3 :6B23 . /;B=</4G3: 93
86B/.3026: <6. 71<@/: 93 93:.602/D3.- / 26B38Y0<=/ 3>=D=9/ ;/8/ 6 3=>6 056 ? 256 8=D686:/ <6.6
06: </:6: 96: 86B/.3026: <6. J186 <=BH098=<6- 9=832/.3023 06 3=>6

: 3=>6: J/78=</96: <6. /::3026: <Z0=<6: :56 1./ :6B1456 60386:/ 60:3ER3023.3023 :56
8/8/.3023 3.;83D/96:- 3><326 3. .LE1=0/: 93 /B2/ ;83<=:56 61 /B2H::=./: :6B=<=2/4G3: 93 </8D/

(
1@#@) ' $
0J68./4G3: :6783 6: B=.=23: 93 862/456 96: 86B/.3026: J/78=</96: <6. D/=6B/: ;/9860=O/9/: :56
30<6028/9/: 3. 06::6 </2LB6D6 D38/B <=./ 93::3: B=.=23:- 3::/: D/=6B/: ;/::/. / 6:<=B/8 A=6
B302/.3023 :6783 6: <68;6: 86B/023:- ;86A6</096 /E13<=.3026 3 A=78/4G3: /2? E13 :3 93:281/.
3 E1=:38.6: =8 /B?. 93::3: B=.=23:- ;682/026- 93A3.6: /962/8 J68./: <60:2812=A/: 3 ./238=/=:
./=: 83:=:23023:
J=0/B=9/93 9/ D/=6B/ 3. 1. 86B/.3026 ? ./0238 6: <68;6: 86B/023: 3:;/4/96:W :3;/8L B6: 93 2/B
J68./ E13 3B3: 056 /28=23. 10: <6028/ 6: 61286:- J=</096 3ER=9=:2/023: 30283 := . <3826: </:6:-
D1=L B6:- 3. ;/82=<1B/8 06 </:6 96: 86B6:
. 86B/.3026: :3;/8LA3=:- / D/=6B/ 23. 1./ J10456 /9=<=60/B E13 ? / 93 83238 6: <68;6: 86B/023:
;/8/ E13 3B3: 056 :3 :6B23. 918/023 / .602/D3. 61 / 93:.602/D3.
: :3D1=023: ./238=/=: 3 .?2696: 93 J/78=</456 :56 068./B.3023 12=B=O/96: ;/8/ D/=6B/:S

93:=D0/456 9/ D/=6B/ ;693 <60238 B328/: 3U61 0P.386: /9=<=60/=: 9/096 ./=: 932/B@3: :6783 /
D/=6B/ 68 3>3.;B6- ) E13 :=D0=J=</ D/=6B/ 93 ;6B=/.=9/ & & .6B9/9/ ;68 =0C3456 83J684/9/ <6.
J=78/ 93 A=986 3 3:2/7=B=O/9/ 238.=</.3023
;6:=456 83B/2=A/ 9/ D/=6B/ E1/026 /6 <30286 96 86B/.3026- ? 9/9/ ;3B6: <68;6: 86B/023: 61 ;3B6:
;8T;8=6: /0?=: 93 86B/.3026 60:3ER3023.3023 /: D/=6B/: :56 <B/::=J=</9/: 3.S
> 93 93:=D0/456S
/=6B/: <3028/9/: 06: <68;6: 86B/023: M1:=0/9/ 93 7860O3N
/=6B/: <3028/9/: 06 /03B =023806
/=6B/: <3028/9/: 06 /03B 3>23806
12=B=O/456 9/: D/=6B/: 056 .32LB=</: 3:2L /1.302/096 1=26: 86B/.3026: 3:256 /D68/ :3096
J/78=</96: 93 ./03=8/ ;/9860=O/9/ <6. D/=6B/: 056 .32LB=</: :26 ? ALB=96 ;/8/ AL8=6: 2/./0@6:
93 86B/.3026: 8HD=96: 93 3:J38/:- 86B/.3026: /126<6.;30:/9683: 93 3:J38/:- / 06A/ D38/456 93
86B/.3026: 93 86B6: <=BH098=<6:- 93 3:J38/: 93 <602/26 /0D1B/8 3 6: 86B/.3026: 93 /B2/ ;83<=:56
;/8/ .LE1=0/: J388/.302/:
/=6B/: 056 .32LB=</: 6J383<3. /: :3D1=023: A/02/D30:S
• /=>/ 930:=9/93W
• B2/ 3B/:2=<=9/93W
• 3:=:2F0<=/ / <6886:56W
• 6/: ;86;8=39/93: 93 93:B=O/.3026W
• 693. :38 .6B9/9/: 06: ./=: 9=J383023: J68./26:
02832/026- .1=2/ /230456 ;83<=:/ :38 9/9/ / 23.;38/218/ 93 28/7/B@6- ;6=: /: D/=6B/: 056
.32LB=</: 056 ;693. 3:2/8 :1C3=2/: / 1./ 23.;38/218/ 93 28/7/B@6 <602H016 ./=68 96 E13 !e
6=: 2=;6: 93 ;BL:2=<6 :56 D38/B.3023 12=B=O/96:- ;/8/ D/=6B/: 056 .32LB=</:S
• 38.6;BL:2=<6:W
• 3:=0/: 238.6J=>/:
38.6;BL:2=<6: :56 J/78=</96: /28/A?: 93 .6B9/D3. ;68 =0C3456 3 6 ./238=/B <6.1.3023 12=B=O/96
? / ;6B=/.=9/ & & 068./B.3023 83J684/9/ <6. J=78/ 93 A=986
 3:=0/: 238.6J=>/: :56 ;BL:2=<6: 2/.7?. 12=B=O/96: ;/8/ J/78=</456 93 D/=6B/: ::/: D/=6B/: :56
<60@3<=9/: <6.6 D/=6B/: 93 83:=0/ J30TB=</ 83J684/9/ <6. J=78/: MD/=6B/: 93 <3B3860N
::/: D/=6B/: :56 1:=0/9/: 93 2176: 3 :56 12=B=O/9/: ;/8/ 86B/.3026: 93 /B2/ 862/456 3 93 /B2/
;83<=:56
/8/ E13 1. 86B/.3026 /2=0C/ 862/4G3: :1;38=683: /6 :31 B=.=23 93 </2LB6D6 ? 03<3::L8=6 056 :T
1./ D/=6B/ 3:;3<=/B- ./: 2/.7?. J6BD/ =02380/ ./=68 3 1./ .3B@68=/ 0/: <609=4G3: 93
B178=J=</456- 83J8=D38/456 3 ;83<=:56 96: <6.;603023: /::6<=/96: M3=>6- </=>/ 32< N

1@#@+ 8 :;
+1/096 :3 ;86C32/ 1. 86B/.3026 ? ;6::HA3B A/8=/8 :1/: 9=.30:G3: 930286 93 1./ <382/ J/=>/ .
86B/.3026 ;/8/ 1. 9/96 9=Y.3286 93 3=>6 ;693 :38 J/78=</96 <6. AL8=/: .39=9/: 93 9=Y.3286
3>23806 B/8D18/ 96 86B/.3026 ;693 A/8=/8 96 .3:.6 .696 X ;6::HA3B J/78=</8 86B/.3026:
B/8D6: 61 3:283=26:- <6.6 2/.7?. 86B/.3026: 93 /B2/ 61 7/=>/ :3456 602196- / J=. 93 /230938 /
93./09/ 93 86B/.3026: <6. /B2/ E1/B=9/93 3 ;8346: 8391O=96:- J6= 03<3::L8=6 B=.=2/8 6 0P.386 93
A/8=/023:
8D/0=O/456 02380/<=60/B 93 /9860=O/456 M N 3:2/73B3<31 9=Y.3286: 3>23806:
;/9860=O/96:- 6: E1/=: :56 2/73B/96: 3. :?8=3: 93 9=Y.3286: 6 .3:.6 .696 3:2/73B3<38/. :3
B/8D18/: ;/9860=O/9/: 93 86B/.3026:- /: E1/=: <60:2=213. :?8=3: 93 B/8D18/: : :?8=3: 93
9=Y.3286: 3 B/8D18/: 3:256 2/73B/9/: 06: B/06: 93 =.30:G3: 9/ - 6: E1/=: J68/. ;17B=</96:
0/: 068./: U - U 3 U ! 3 0/: <6883:;6093023: 068./: 78/:=B3=8/: -
( 3
6: B/06: 93 =.30:G3: 9/ J6= 3:2/73B3<=9/- ;/8/ 2696: 6: 9=Y.3286: ;/9860=O/96: 93
3=>6:- 1./ :?8=3 ;86D83::=A/ 93 9=Y.3286: 3>23806: ;/9860=O/96:- /88/0C/96: 3. 6893.
<83:<3023 93 2/./0@6 /8/ 6: 86B/.3026: 8/9=/=:- 3><326 6: 86B/.3026: 93 86B6: <Z0=<6:- /:
:?8=3: 93 9=Y.3286 :56S - )- !- - - 3 /8/ 6: 86B/.3026: 93 86B6: <Z0=<6: /: :?8=3: 93
9=Y.3286: :56S )- !- 3 - 3 ;/8/ 6: 86B/.3026: />=/=: 93 3:J38/: 93 3:<68/ :=.;B3:S !- - - -
3

/8/ </9/ :?8=3 93 9=Y.3286: @L 1./ :?8=3 93 B/8D18/: 9=:;6:2/ 3. 6893. <83:<3023 /8/
86B/.3026: 8/9=/=:- 3><326 6: 86B/.3026: 93 86B6: <Z0=<6:- /: :?8=3: 93 B/8D18/: :56S !- - - - -
3 & /8/ 86B/.3026: 93 86B6: <Z0=<6: /: :?8=3: 93 B/8D18/: :56S !- 3 : :?8=3: 93 B/8D18/:
;/8/ 86B/.3026: 8/9=/=: <6883:;6093. V: :?8=3: 93 /B218/: ;/8/ 86B/.3026: />=/=: 3- ;/8/ 6:
86B/.3026: />=/=: 93 3:<68/ :=.;B3:- 3:2/: :56 (-) 3 3. 6893. <83:<3023 93 /B218/ 96:
86B/.3026:

<6.7=0/456 93 1./ :?8=3 93 9=Y.3286: <6. 1./ :?8=3 93 B/8D18/: 61 /B218/: ? <@/./9/ 93 1./
K @

)
 :?8=3 93 9=.30:G3: ! - ;68 3>3.;B6- =09=</ / :?8=3 93 B/8D18/: ! 3 / :?8=3 93 9=Y.3286: 6
.3:.6 .696 / :?8=3 93 9=.30:G3: =09=</ / :?8=3 93 B/8D18/: M61 /B218/:N / :?8=3 93 9=Y.3286:
- 3 /::=. ;68 9=/023

: A/B683: 9=.30:=60/=: ;/8/ </9/ :?8=3 93 9=.30:G3: :56 B=:2/96: 06: A K @ 68

3>3.;B6- 1. 86B/.3026 9/ :?8=3 93 9=.30:G3: ;86C32/96 ;/8/ 1. 9=Y.3286 93 J186 M3=>6N 93
&! .. 238L 1. 9=Y.3286 3>23806 g (! .. 3 1./ B/8D18/ g && ..

./=68 ;/823 9/: 93:=D0/4G3: 93 86B/.3026: <60:=:23 93 1. 0P.386 93 <=0<6 /BD/8=:.6: /9/
/BD/8=:.6 ? 1. <T9=D6 01.?8=<6 <6023096 <382/: =0J68./4G3: :6783 6 86B/.3026

6.6 83D8/- 6 ;8=.3=86 /BD/8=:.6 9/ 3:E1389/ =09=</ 6 2=;6 93 86B/.3026 :3D1096 3 6 238<3=86
=09=</. / :?8=3 93 9=.30:G3: V E1/B 6 86B/.3026 ;38230<3 "6D6 6 :3D1096 /BD/8=:.6 83;83:302/ /
:?8=3 93 B/8D18/: 61 /B218/:- 3 6 238<3=86 / :?8=3 93 9=Y.3286: : 28F: ;8=.3=86: /BD/8=:.6:
C1026: J68./. / 93:=D0/456 9/ @ /9/ 86B/.3026- 93::/ J68./- ;38230<3 /
1./ 9/9/ :?8=3 93 86B/.3026: $=0/B.3023 6: 96=: PB2=.6: /BD/8=:.6: =09=</. 6 9=Y.3286 96 J186
9=A=9=96 ;68 <=0<6 60:3ER3023.3023 6 9=Y.3286 96 J186 96 86B/.3026 3>;83::6 3. .. ? 672=96
.1B2=;B=</096 :3 6 0P.386 J68./96 ;3B6: 96=: PB2=.6: /BD/8=:.6: ;68 <=0<6 :2/ 83D8/ :3 /;B=</
/6: 86B/.3026: <6. 9=Y.3286: 93 J186 <6.;83309=96: 30283 ! 3 )! ..

!
 >3.;B6S 6 ;8=.3=86 /BD/8=:.6 9/ 93:=D0/456 =09=</ E13 :3 28/2/ 93 1. 86B/.3026
/126<6.;30:/968 93 86B6: 1B2=;B=</096 :3 6 J=0/B 9/ 93:=D0/456- ;68 <=0<6- 23.6: E13 6
9=Y.3286 96 J186 96 86B/.3026 ? (! ..
0J3B=O.3023 /: 83D8/: /;83:302/9/: /E1= 056 :3 /;B=</. / 2696: 6: 0P.386: 93 86B/.3026:
M >=:23. 86B/.3026: 3:;3<=/=: <1C/ 93:=D0/456 ? 9/9/ ;3B6 0P.386 93 93:30@6N

6.34/096 <6. 6 86B/.3026 2=;6 !- 93 91/: </883=8/: 93 3:J38/: 93 <602/26 /0D1B/8- /: :?8=3: 93
86B/.3026: :56 3 :26 :=D0=J=</ E13 6 /BD/8=:.6 ! =09=</096 6 2=;6 93 86B/.3026- J6=
6.=2=96 : 0P.386: 3 =09=</. 30256 / :?8=3 93 86B/.3026: 3 / :?8=3 93 9=.30:G3:
: 86B/.3026: /126<6.;30:/9683: 93 3:J38/: 2F. 6 /BD/8=:.6 <6.6 6 :31 <T9=D6 93 2=;6 3 :56
9=:;60HA3=: 0/: :?8=3: - - 3 - /: E1/=: ;6::13. E1/286 9HD=26: ;/8/ / 93:=D0/456 96
0P.386 <6.;B326 96 86B/.3026- 3 0/ :?8=3 ! - E13 ;6::1= <=0<6 9HD=26: ;/8/ / 93:=D0/456
<6.;B32/ 96 0P.386
: 9HD=26: 30283 ;/8F023:3: .6:28/96: 0/ =B1:28/456- ;38230<3023: V 93:=D0/456 9/: :?8=3: 93
86B/.3026:- J68/. 6.=2=96:
<T9=D6 93 2=;6 /;B=</ :3 / 2696: 6: 86B/.3026: /126<6.;30:/9683: 93 86B6:- =:26 ?-
86B/.3026: 8/9=/=: /126<6.;30:/9683: 93 1./ 61 91/: </883=8/: 93 86B6: 3 86B/.3026: />=/=:
/126<6.;30:/9683: 93 86B6:
: 86B/.3026: 93 86B6: <Z0=<6:- <T9=D6 93 2=;6 - 2F. <=0<6 /BD/8=:.6:- :3D1=096 ;682/026 /
83D8/ : 86B/.3026: 8HD=96: 93 91/: </883=8/: 93 3:J38/: 2F. <6.6 6 <T9=D6 93 2=;6 - :3096
:1/: 93:=D0/4G3: 93 :?8=3 3 - /6 =0A?: 93 3 - :3096 6.=2=96 6 /BD/8=:.6 9/ :?8=3 93
B/8D18/:
696: 6: 86B/.3026: />=/=: 93 3:J38/: 93 3:<68/ :=.;B3:- 2F. <=0<6 01.38/=:- 6 <T9=D6 96 2=;6
:3096 3 /: 93:=D0/4G3: 93 :?8=3: - - 32<
<T9=D6 & /;B=</ :3 ;/8/ 86B/.3026: 8HD=96: 93 1./ </883=8/ 93 3:J38/: : :?8=3: ./=: <6.10:
:56 93:=D0/9/: ;68 &!- & - & 3 & - 6.=2=096 :3 6 /BD/8=:.6 9/ :?8=3 93 B/8D18/:- 3 6 0P.386 96
86B/.3026 ? 93 E1/286 /BD/8=:.6: L- ;68?.- /: :?8=3: & 3 & ) <6. <=0<6 /BD/8=:.6: ;/8/ 6
0P.386 96 86B/.3026 : 86B/.3026: 8HD=96: 93 3:J38/: ;/8/ 3=>6: 93 ;3E1306: 9=Y.3286:
;6::13. 93:=D0/456 93 /;30/: 28F: /BD/8=:.6:- :3096 E13 6 PB2=.6 9/ 9=83=2/ 83;83:302/ 6
9=Y.3286 96 J186 3. ..
: 86B/.3026: 93 1./ </883=8/ 93 3:J38/: 93 <602/26 /0D1B/8 2F. <6.6 <T9=D6 93 2=;6 6 ( /B
<6.6 6: 86B/.3026: 8HD=96: 93 3:J38/:- ;6::13. 93:=D0/4G3: 93 28F:- E1/286 61 <=0<6 /BD/8=:.6:
: :?8=3: ./=: <6.10: :56 93:=D0/9/: ;68 ( 3 (
: 93:=D0/4G3: 96: 86B/.3026: 93 86B6: <=BH098=<6: <6.34/. <6. 1./ 61 ./=: B328/: :2/: B328/:
=09=</. / <60:281456 =02380/ 96 86B/.3026 3 :56 :3D1=9/: ;68 28F: 61 E1/286 /BD/8=:.6:
/9/ 86B/.3026 .?28=<6 ;/9860=O/96 23. 1./ 93:=D0/456 7L:=</ 3:;3<HJ=</ E13 =09=</ 6 2=;6 93
86B/.3026 3 / <6883B/456 30283 :1/: 9=.30:G3: ;8=0<=;/=: :2/: 93:=D0/4G3: 7L:=</:
<6.;833093. - 61 /BD/8=:.6:- 61 1./ <6.7=0/456 93 B328/: 3 /BD/8=:.6:- E13 =09=</. 6 2=;6
93 86B/.3026- /: :?8=3: 93 9=.30:G3: 3 6 9=Y.3286 96 J186- 03:2/ 6893. : :H.76B6: ;/8/ 6 2=;6
93 86B/.3026 3 /: :?8=3: 93 9=.30:G3:- C1026 <6. ;6::HA3=: :1J=>6: =09=</096 1./ /B238/456 0/
<60:281456 =02380/- 93:=D0/. 1./ :?8=3 93 86B/.3026:
J=D18/ /7/=>6 .6:28/ 3:E13./2=</.3023 <6.6 6 :=:23./ 93 93:=D0/456 ? <60:2=21H96 <=./ 96:
93:30@6: 96: 86B/.3026:- :56 9/9/: /: :?8=3: ./=: <6.10: ;/8/ </9/ 2=;6 93 86B/.3026- 3 6
:H.76B6 E13 =09=</ 6 2=;6 96 86B/.3026 ? 9/96 /7/=>6 93 </9/ 93:30@6 : /BD/8=:.6: 30283
;/8F023:3:- .6:28/96: 0/ =B1:28/456- =09=</. E13 3.768/ 3B3: ;6::/. :38 =0<B1H96: 0/ 93:=D0/456
7L:=</- :56 6.=2=96: ;68 8/OG3: ;8L2=</:- <6.6 ;693 :38 A=:26 0/: 062/: /7/=>6S
V 6B/.3026: 93 91/: </883=8/: 93 3:J38/: 93 <602/26 /0D1B/8 :H.76B6 ;/8/ 6 2=;6 M!N ?
6.=2=96
# 6B/.3026: /126<6.;30:/9683: 93 3:J38/: :H.76B6 ;/8/ 6 2=;6 M N 61 6 ;8=.3=86 /BD/8=:.6
9/ :?8=3 93 9=.30:G3: M! 61 N ;693 :38 6.=2=96 : 86B/.3026: <6. 9 s ! .. ;6::13. :6.3023
28F: /BD/8=:.6: ;/8/ :1/ 93:=D0/456- 6093 6 PB2=.6 ? 6 9=Y.3286 96 J186 3>;83::6 3. ..
& 6B/.3026: /126<6.;30:/9683: 93 86B6: 3 86B/.3026: />=/=: /126<6.;30:/9683: 93 86B6:
) 6B/.3026: 93 86B6: <Z0=<6:
+ 6B/.3026: 8HD=96: 93 91/: </883=8/: 93 3:J38/: ;8=.3=86 /BD/8=:.6 M N 9/ :?8=3 93
9=.30:G3: ? 6.=2=96
- 6B/.3026: />=/=: 93 3:J38/:
0 6B/.3026: 8HD=96: 93 1./ </883=8/ 93 3:J38/: :H.76B6 ;/8/ 6 2=;6 M&N 61 6 ;8=.3=86
/BD/8=:.6 9/ :?8=3 93 9=.30:G3: M! 61 N ;693 :38 6.=2=96 : 86B/.3026: <6. 9 s ! .. ;6::13.
28F: /BD/8=:.6: ;/8/ :1/ 93:=D0/456- :3096 / PB2=.6 9/ 9=83=2/ 6 9=Y.3286 96 J186 3. .=BH.3286:
1 6B/.3026: 93 1./ </883=8/ 93 3:J38/: 93 <602/26 /0D1B/8 ;8=.3=86 /BD/8=:.6 9/ :?8=3 93
9=.30:G3: M!N ? 6.=2=96
6B/.3026: 93 86B6: <=BH098=<6: B328/ - E13 =09=</ 6 2=;6 93 86B/.3026- ;693 :38 :3D1=9/
;68 1./ 61 ./=: B328/: =09=</096 AL8=/: <60J=D18/4G3: 96: JB/0D3: 93 D1=/ 6: /BD/8=:.6: 9/
:?8=3 93 9=.30:G3: E13 :3 :3D13.- 6 ;8=.3=86 M!N ;693 :38 6.=2=96
.3 6B/.3026: 93 3:J38/: 93 E1/286 ;6026: 93 <602/26 ;8=.3=86 /BD/8=:.6 9/ :?8=3 93
9=.30:G3: M!N ? 6.=2=96
1@#@- ' * 8
./ <60:3ERF0<=/ 068./B 9/ 6;38/456 93 .LE1=0/: 3. /B2/ 862/456 ? 6 /E13<=.3026 3C/ 3B3
D38/96 06 ;8T;8=6 86B/.3026 61 ;86A30=3023 93 61286: T8D56: 9/ .LE1=0/- A=/ 93 83D8/- 9=B/2/ 6
/03B =023806 96 86B/.3026- 9=.=01=096 / J6BD/ =02380/ 30283 /: ;=:2/: 3 6: <68;6: 86B/023:
9=B/2/456 96 /03B =023806 ? ./=: =0230:/ 96 E13 / 96 /03B 3>23806- ;6=: 3:23 PB2=.6- /;6=/96
9=832/.3023 0/ </8</4/ 9/ ./E1=0/- ? 83J8=D38/96 ;3B6 /.7=3023
 ::=.- E1/096 :3 28/2/8 93 3E1=;/.3026: 28/7/B@/096 3. /B2/ 862/456 6093 6 3=>6 J68 ./=:
/E13<=96 E13 6 :1;6823- 93A3.6: 3:;3<=J=</8 86B/.3026: <6. J6BD/ =02380/ ./=68 96 E13 6 068./B
. </:6: 93 ;3E130/: 832HJ=</: 3:2/ J6BD/ =0=<=/B ./=68 ;693 28/O38 6 =0<60A30=3023 93 A=78/4G3:
61 1:=0/D3. =.;83<=:/ /2? 6 /E13<=.3026 96 </734623

: 86B/.3026: ;693. :38 J6803<=96: 3. AL8=/: </23D68=/: 93 J6BD/ =02380/S

- - 68./B- - -

$6BD/ .3068 $6BD/ ./=68

$6BD/: 3 :56 12=B=O/9/:- ;68 3>3.;B6- 3. 86B/.3026: ;/8/ </734623: 93 26.6- 93 832HJ=</:
93 ;83<=:56 61 3. <60C1026: <686/ ;=0@56- 6093 1./ 76/ 8=D=93O ? 03<3::L8=/ : <609=4G3: 93
/;B=</456 93 86B/.3026: 3 93A3. :38 .1=26 73. 3:219/9/: ./ .602/D3. <6. .1=2/
=0238J38F0<=/ 06: /::3026: 61 ;/::/D3. 93 </B68 ;3B6 3=>6 ;693. 3B=.=0/8 <6.;B32/.3023 / J6BD/
=02380/ 96 86B/.3026- 9/0=J=</096 6 ;83./218/.3023
: J6BD/: - 3 - :56 12=B=O/9/: E1/096 6 /03B =023806 J68 ./=: /E13<=96 96 E13 6 3>23806 61
E1/096 J683. 12=B=O/96: /C1:23: /;382/96: 06: /::3026:S
J6BD/ ? 12=B=O/9/ 3. 3E1=;/.3026: <6.6 D8/093: .62683: 3B?28=<6:- B/.=0/9683:- J1:6: 93
/B2/ 862/456 6. 83B/456 /6 /C1:23- 93A3 :38 12=B=O/96 86B/.3026 <6. J6BD/ :3.;83 E13 :3
3:;3<=J=E13. 3=>6: <6. 26B38Y0<=/ 0&- 8& 3 8(
: J6BD/: 3 - :56 12=B=O/9/: 3. 3E1=;/.3026: <6.6 </B/098/: 3 <=B=0986: :3</9683: 6093 6
3=>6 ? 6<6 ;/8/ ;38.=2=8 / ;/::/D3. 93 A/;68 :3<6 M23.;38/218/ 3. 26.6 93 !e - D38/B.3023N

1@#@0 ' :; A B A
A J L
./ E13:256 =.;682/02H::=./ ? :/738 E1/B / 23.;38/218/ 93 28/7/B@6 / E13 :38L :17.32=96 6
86B/.3026 :2/ E13:256 056 ? /;30/: =.;682/023 :67 6 ;6026 93 A=:2/ 93 B178=J=</456 <6.6
A383.6: ./=: /9=/023- ./: 2/.7?. ;68E13S
" $ " "
!e
<=./ 93::/ 23.;38/218/ <6.34/ / 6<68838 1./ :?8=3 93 .69=J=</4G3: 0/ 3:281218/ 96
86B/.3026- ;389/ 93 ;83<=:56 93 J68./ 93 :31: <6.;603023: 3 8391456 93 </;/<=9/93 93 </8D/
68 =::6- :3 / 23.;38/218/ 93 28/7/B@6 1B28/;/::/8 3::3 B=.=23- 93A383.6: <60:=938/8 /:
:3D1=023: ;6::=7=B=9/93:S
/N 2=B=O/8 1. :=:23./ 93 B178=J=</456 E13 06: ;38.=2/ 83:J8=/8 6 86B/.3026S <=8<1B/456 93 TB36-
/26.=O/456 93 TB36 61 :;8/[
7N 3:J8=/8 6 3=>6 61 / </=>/ /28/A?: 93 <=8<1B/456 93 LD1/ 61 93 /8
<N 2=B=O/8 86B/.3026: 3:2/7=B=O/96:- =:26 ?- 86B/.3026: E13- /023: 9/ 832=J=</456 J=0/B- 230@/.
:=96 :17.32=96: / 1. 83A30=.3026 V 23.;38/218/ 3. E13 :3856 12=B=O/96: 6B/.3026: 93::3 2=;6
;693. 83<3738 6: :1J=>6:S
 CO A
! /2? !e
/2? !!e
/2? !e
/2? !!e
/2? !e

/8/ /;B=</4G3: 3. A/D60323: 93 J6.6 2P03B- 6093 7/=>H::=./: 862/4G3: :3 /::6<=/. /

23.;38/218/: 9/ 6893. 93 !! / !e - :56 J/78=</96: 86B/.3026: 3:;3<=/=: E13 83<373. 6
:1J=>6 !
:23 :1J=>6 =09=</ 86B/.3026 93 D8/093 J6BD/ =02380/- /0?=: 3:2/7=B=O/96: 3 :1;38JH<=3: 28/2/9/:
<6. L<=96 3 B178=J=</9/: <6. D8/J=23
>: S & ! U !

( # "

56 3B3.3026: 93 .LE1=0/: 93:2=0/96: / /;6=/8 3 <609=<=60/8 6 .6A=.3026 93 3=>6: 3 61286:

<6.;603023: 31 J10<=60/.3026 7/:3=/ :3 06 ;8=0<=;=6 96 /28=26 93 93:B=O/.3026
. ./0</B 93 93:B=O/.3026 28/9=<=60/B /;83:302/ / <60J=D18/456 /7/=>6

1@&@# ' C :;
693.6: <B/::=J=</8 6: ./0</=: 93 93:B=O/.3026 3.S
/0</=: /9=/=:W
/0</=: 93 1=/W
/0</=: 93 :<68/

/0</=: /9=/=:S : ./0</=: 8/9=/=: :56 6: E13 :1;682/. 1./ </8D/ ;38;309=<1B/8 /6 3=>6 3.
862/456 3 ;693. :179=A=9=8 :3- 93 /<6896 <6. / :1/ J68./- 3. ./0</=: 93 71<@/- :3.= ./0</=:-
./0</=: 93 91/: ;/823: 3 ./0</=: 93 .PB2=;B/: ;/823:
 7 L
./0</B 93 71<@/ <60:=:23 01./ :T ;34/- 3. J68./ 93 1. 2176 >3.;B6 2H;=<6 :3 30<6028/ 06:
;=06: 93 F.76B6: 93 .62683: 93 <6.71:256 =02380/- 3. E13 / 71<@/ ? J=>/9/ V 7=3B/

./ 7860O=0/ 61 71<@/ ? 1. 9=:;6:=2=A6 .3<Y0=<6 ;86C32/96 <6. D36.328=/ /93E1/9/ 93 .696 /

E13 :3 3:2/73B34/ 1. J=B.3 93 TB36 <602=016 3 </;/O 93 :1;682/8 1. 3=>6 3. 862/456 B?. 9/
J68./ /93E1/9/ ;/8/ 3:2/ J10456- 3B/ 93A3 :38 .32/B18D=</.3023 </;/O 93 83:=:2=8 / </8D/:
<H<B=</: 918/023 1. 23.;6 ;8? 93238.=0/96- 3 /=09/ :1;682/8 <1826: ;38H696: :3. B178=J=</456
X 1./ ;34/ :=.;B3: 3 /6 .3:.6 23.;6 256 <6.;B3>/l 56 :=.;B3: <6.6 J/O38 1. J186 06 7B6<6 3
=028691O=8 1. 3=>6 3 256 <6.;B3>/ E13 /BD1./: 9/: 3E1/4G3: E13 93:<83A3. / /456 @=9869=0Y.=</
96 B178=J=</023 /=09/ 056 ;1938/. :38 /93E1/9/.3023 83:6BA=9/:

'
: :3.= ./0</=: 056 /78/0D3. 6 .10@56 0/ 262/B=9/93 93 :1/ <=8<10J38F0<=/
.;83D/ :3 3. B1D/83: 6093 / </8D/ /21/ :3.;83 06 .3:.6 :302=96 ./ 9/: /;B=</4G3: 2H;=</:
93::3: ./0</=: :3 30<6028/ 06: 3=>6: 93 A/DG3: J3886A=L8=6: 56 2/.7?. 30<6028/96: 06: 86B6:
9/: .6309/: 93 </0/ 93 /4P</8 3 </B/098/:

7 ', = A ?
: ./0</=: 93 91/: ;/823: :56 6: ./=: <6.1.3023 3.;83D/96: 3 /;/83<3.- ;68 3>3.;B6- 0/:
7=3B/: 3 06 3=>6 93 ./0=A3B/: 96: .62683: 93 /126.TA3=:- 32<

+ ,
: ./0</=: 93 E1/286 61 ./=: ;/823: 30<6028/. :3 3:;3<=/B.3023 0/: .LE1=0/: / A/;68-
:1;682/096 6 3=>6 96 A6B/023

&
 /C1:2/.3026 93:23: ./0</=: 3>=D3 ./=68 <1=9/96- ./: 2F.- ;68 61286 B/96- / A/02/D3. 93
;6938 :1;682/8 </8D/: ./=: 3B3A/9/: 3 :383. <6B6</96: 3. B1D/83: =0/<3::HA3=: ;/8/ ./0</=: 93
61286: 2=;6:

/0</=: 93 D1=/S : ./0</=: 93 D1=/ :56 /E13B3: 3. E13 6 .6A=.3026 83B/2=A6 9/: ;34/: ?
/B2380/2=A6 /88/.3026: 93 .LE1=0/: 6;38/28=O3:- 78/46 93 :388/: /B2380/2=A/: :56 3>3.;B6:
<6.10: 93 :1/ /;B=</456

/0</B 93 3:<68/S : ./0</=: 93 3:<68/- 2/.7?. <60@3<=96: <6.6 ./0</=: />=/=:- 93 30<6:26
61 93 3.;1>6- :56 30<6028/96: 3. .1=2/: .LE1=0/: 3. E13 6 .6A=.3026 93 <382/: ;34/: ;8691O
3:J6846: B60D=219=0/=: 61 />=/=: :6783 6: 3=>6: 23093096 / 3.;188L B6: 3. 93238.=0/96 :302=96
/:6 2H;=<6 :56 6: ./0</=: 96 3=>6 ;86;1B:68 96: 0/A=6:- /A=G3:- 32< X JL<=B 93 A38 E13 6 ;86;1B:68
M/ @?B=<3N- ;68 :31 .6A=.3026- 23093 / 93:B6</8 :3 C102/.3023 <6. 6 3=>6 / E13 3:2L :6B=9L8=6 :
./0</=: 93 3:<68/ 83<373. 3::3 3.;1>6- 6</:=60/096 6 93:B6</.3026 96 0/A=6 61 96 /A=56 68
61286 B/96- <382/: .LE1=0/:- 3. A=82193 93 :1/ <60:281456- 2F. :31 3=>6 ;8=0<=;/B 3. ;6:=456
A382=</B 61 =0<B=0/9/- 6 E13 2680/ 678=D/2T8=/ / 3>=:2F0<=/ 93 1. ./0</B 93 3:<68/ ;/8/ :1:2302/8
6 ;3:6 96 <60C1026
: 2187=0/: @=98L1B=</: 93 3=>6 A382=</B :56 .LE1=0/: 93:23 2=;6
=;6: 93 ./0</=: 93 3:<68/ .1=26 1:/96: ;/8/ D8/093: </8D/: :56 6: 93 =<@3BB- \ =0D:718[ 61 93
=77:- E13 :3 <6.;G3. 93 </B46: 7/:<1B/023:

1@&@& '
$/2683: E13 =0JB130<=/. 0/ 3:<6B@/ 96: ./238=/=: 96: ./0</=:
• /8D/W
• /=>6 <63J=<=3023 93 /28=26W
• "178=J=</456W
• 18/7=B=9/93 M83:=:2F0<=/ / <@6E13 3 A=78/456NW
• </7/.3026 :1;38J=<=/BW
• ./<=/.3026W
• 38 J/<=B.3023 28/7/B@/96W
• 6/ <60912=7=B=9/93 2?8.=</W
(
 • 3:=:2F0<=/ V <6886:56

32/B /23023S
• 6/ 83:=:2F0<=/ /6 93:D/:23W
• $/<=B.3023 28/7/B@/96W
• 6/ <60J68.=9/93W
• /=>/ 83:=:2F0<=/ V J/9=D/ 3 / </8D/: M=0JB130<=/9/: ;3B/ 23.;38/218/N
$3886 $109=96 =0O3026S
• 306: /::302LA3BW
• :/96 3. </8D/: 3 A3B6<=9/93: .6938/9/:W
• 3:;83093 ;/82H<1B/:
32/=: =0238=O/96:
• 7:68A3 /2? _ 96 :31 A6B1.3 93 TB36W
• 2=B=O/96: ;68 B60D6 ;38H696 93 23.;6 :3. 83B178=J=</456
860O3:S
• 6/ 83:=:2F0<=/ /6 93:D/:23W
• 56 9P<23=: 3 83:=:23023: L <6886:56W
• 6/ B178=J=<=9/93W
• /=>6 <1:26
B1.H0=6S
• /=>/ 23.;38/218/ 93 6;38/456W
• 3068 ;3:6W
• 8/093 83:=:2F0<=/ V J/9=D/ 3 <6886:56
8/2/S
• B2/ 83:=:2F0<=/ V J/9=D/ 3 /B2/ <60912=7=B=9/93 2?8.=</W
• ><3B3023 ;/8/ :38A=46: ;3:/96:W
• 2=B=O/96: 3. .62683: 93 /A=G3: 3 .62683: 9=3:3BW
• 3. 6 =0<60A30=3023 93 230938 / :6B9/8 :3 <6. 6 3=>6 </:6 J/B@3 / B178=J=</456
3JB60 AB60 3:=0/: $30Tl=D/:S
• :/96: 3. ;3E130/: </8D/: :3. B178=J=</456W
• /=>6 <63J=<=3023 93 /28=26W
• 6/ 83:=:2F0<=/ / /78/:56W
• 56 J/<=B.3023 .6B9LA3=:W
• :/9/: 3. 23.;38/218/: /2? & e
8/J=2/S
• :/9/ ;/8/ /B2/: 23.;38/218/:W
• 093 6 TB36 056 ;693 :38 12=B=O/96W
• 56 /126 B178=J=</9/:W
• 56 83:=:23023: V /2/E13 ;68 83/D3023: E1H.=<6: 3 :6BA3023: 56 :1;682/. <@6E13: 3
;83::G3: :1;38=683: /
688/<@/S
• :6B/ A=78/4G3:W
• ;38/456 :=B30<=6:/W
• ;38/4G3: <6. D8/093: J6BD/:W
• 6.;30:/ 93:/B=0@/.3026:W
• 56 :56 B=.=2/9/: /: 862/4G3: 93:93 E13 / 23.;38/218/ 056 1B28/;/::3 / & e W
• 56 1:/9/: 3. ;3E130/: </8D/:
/93=8/S
• :/9/: 3. 7/=>/: 862/4G3:W
• /8D/: 7/=>/:W
• 3:D/:23 8L;=96W
• 3.;38/218/: /2? & e
38Y.=</:S
 • B2/ 83:=:2F0<=/ /6 93:D/:23W
• 3:=:2F0<=/ V <6886:56W
• B3A/9/: 23.;38/218/:
=986: 3 398/: 83<=6:/:S
• 2=B=O/96: 3. =0:281.3026: 3 C6/B@38=/ 3. D38/B

1@&@) ' C <

: ;8=0<=;/=: </1:/: :56S
• .;83D6 93 ./238=/B =0/93E1/96 61 =.;38J3=4G3: 0/ <60:281456 96 ./0</BW
• .;183O/: E13 ;30328/. 30283 /: :1;38JH<=3: 93 <602/26W
• 3:/B=0@/.3026 96 .10@56 06 ./0</B- ;68 E1/BE138 .62=A6W
• 6886:56 9/: :1;38JH<=3: 93 /28=26- ;68 LD1/- L<=96: 61 LB</B=:W
• $6BD/ =0<68832/ 30283 3=>6 3 ./0</B ./ J6BD/ 3><3::=A/ 6</:=60/8L 283;=9/456 96 3=>6-
30E1/026 1./ J6BD/ =0:1J=<=3023 =.;393 / 3028/9/ 96 B178=J=</023 ;86A6</096 /1.3026:
93 23.;38/218/ 3 93:D/:23W
• .;83D6 93 B178=J=</023 =0/93E1/96 61 3. E1/02=9/93 =0:1J=<=3023

( "

56 3B3.3026: 93 .LE1=0/: 93:2=0/96: / 10=8 96=: 3=>6: 3 28/0:.=2=8 268E13 3 862/456

.;83D/. :3 6: /<6;B/.3026: E1/096 :3 93:3C/ 28/0:.=2=8 1. .6.3026 93 862/456 M.6A=.3026
93 862/456 3 J684/:N 93 1. 3=>6 .6268 / 61286 3B3.3026 93 .LE1=0/ .6A=96 :=21/96 <6/>=/B.3023
/ 3B3

Acoplamento
Motor Máquina

S : /<6;B/.3026: E13 6;38/. ;68 /28=26 :56 <@/./96: 93 3.783/D3. MJ8=<456N 61 J83=6:

1@)@# ' * :K A
56 /: ;8=0<=;/=: J104G3: 93 1. /<6;B/.3026S
0=8 96=: 3=>6:S 693 :=D0=J=</8 / 10=56 30283 .6268 3 .LE1=0/ .6A=9/ 61 / 10=56 93 3=>6:
93 D8/093 <6.;8=.3026W
6.;30:/8 93:/B=0@/.3026:S /8/ ./=68=/ 9/: /;B=</4G3: 6: /<6;B/.3026: 93A3. :38
</;/O3: 93 26B38/8 <3826: A/B683: 93 93:/B=0@/.3026: 30283 3=>6: B=D/96:- 3 /::=.- /01B/8
6: 3J3=26: 93:23 :6783 6: <6.;603023: 9/ 28/0:.=::56W
7:68A38 <@6E13: 3 A=78/4G3:S : /<6;B/.3026: .693806: 93A3. ;6::1=8 / </;/<=9/93 93
/7:68A38 <@6E13: ;86A6</96: ;3B/ ;/82=9/- .19/04/ 93 862/456- 83A38:56 3 :6783</8D/:
6;38/<=60/=:- /B?. 93 /2301/8 6: 3J3=26: 93 A=78/4G3: D38/9/: 0/: 28/0:.=::G3:W
21/8 <6.6 J1:HA3B 9/ 28/0:.=::56S . </:6: 93 ;867B3./: 6;38/<=60/=: E13 D383. </8D/:
/9=<=60/=: :6783 / 28/0:.=::56- 6: /<6;B/.3026: ;693. 86.;38 :3- </1:/096 / ;/8/9/ 9/
.LE1=0/- /023: 93 1./ 81;218/ 93 1. <6.;603023 93 ./=68 A/B68 /D83D/96

1@)@& C :; A
A H>
3:23: /<6;B/.3026: / 28/0:.=::56 M93 .6.3026 93 268456 3 862/456N 30283 / .LE1=0/
/<=60/968/ 3 /<=60/9/ ;6938L :38 =023886.;=9/ 28/0:.=23. J684/ 3 .6A=.3026 :6.3023 E1/096
/<=60/96:- =:26 ?- 67393<3096 / 1. <6./096 56 .3</0=:.6: E13 6;38/. :3D1096 6 ;8=0<H;=6 93
/28=26
)
 ::3: .3</0=:.6: 83<373. 6: 06.3: 93 3.783/D30: 3 93 J83=6:
: 3.783/D30:- 2/.7?. <@/./9/: J8=<4G3:- J/O3. / <603>56 30283 L8A683: B/: ./02F. /:
L8A683:- .628=O 3 <6./09/9/- V .3:./ A3B6<=9/93 /0D1B/8
: J83=6: 2F. /: J104G3: 93 83D1B/8- 8391O=8 61 ;/8/8 6 .6A=.3026 96: <68;6:
3D1096 6 2=;6 93 <6./096- 3>=:23. 6: /<6;B/.3026: <6./09LA3=: ./01/=:- 3B3286./D0?2=<6:-
@=98L1B=<6:- ;031.L2=<6: 3 6: 9=832/.3023 <6./09/96: ;3B/ .LE1=0/ 93 28/7/B@6

Comandáveis

6./09/96: ;3B/ 6./09/96: ;3B6 6./09/96: ;3B6

J684/ /;B=</9/ .6.3026 93 268456 :302=96 93 862/456

6./09/96:
6./09/96:
@=98L1B=</ 61
.3</0=</.3023
;031./2=</.3023

A ; ' H>
3:23: /<6;B/.3026: / 28/0:.=::56 M93 .6.3026 93 268456 3 862/456N 30283 / .LE1=0/
/<=60/968/ 3 /<=60/9/ ? ;38./03023 179=A=93. :3 3.S

56 <6./09LA3=:

HD=96: $B3>HA3=:

68<=60/B.3023 68<=60/B.3023
HD=96: BL:2=<6:

3 30D830/D3. 3 B/.3B/:

!
1@)@) A A
A A B8
: ./=: 3.;83D/96: :56 6: JB/0D3: 3 B1A/: 93 10=56 E13 93A3. :38 <60:281H9/: 93 .696 E13 056
/;83:3023. :/B=F0<=/: 61 E13 3:2/: 3:23C/. 262/B.3023 <67382/:- ;/8/ 3A=2/8 /<=93023: 56
;6::13. E1/BE138 JB3>=7=B=9/93- :56 268<=60/B.3023 8HD=96:- 056 /7:68A3. <@6E13: 3 A=78/4G3: 3
056 /9.=23. 93:/B=0@/.3026 8/9=/B- />=/B 3 /0D1B/8

: 3=>6: 96: /<6;B/.3026: 8HD=96: 93A3. :38 /B=0@/96: ;83<=:/.3023- ;6=: 3:23: 3B3.3026: 056
<60:3D13. <6.;30:/8 3A3021/=: 93:/B=0@/.3026: 61 JB121/4G3:
/C1:23 96: /B6C/.3026: 96: ;/8/J1:6: 93A3 :38 J3=26 <6. /: ;/823: .602/9/: ;/8/ 67238 6
.3B@68 /B=0@/.3026 ;6::HA3B

A A C OB>
::3: 3B3.3026: :56 3.;83D/96: ;/8/ 2680/8 ./=: :1/A3 V 28/0:.=::56 96 .6A=.3026 3. L8A683:
E13 230@/. .6A=.3026: 781:<6: 3 E1/096 056 :3 ;693 D/8/02=8 1. ;38J3=26 /B=0@/.3026 30283 /:
L8A683:
: /<6;B/.3026: JB3>HA3=: :56 <60:281H96: 3. J68./ /82=<1B/9/- 3. J68./ 3BL:2=</ 61 3. J68./
/82=<1B/9/ 3 3BL:2=</ 6.;30:/. 93:/B=0@/.3026 8/9=/B- />=/B 3 /0D1B/8- :56 268<=60/B.3023
3BL:2=<6:- /7:68A3. <@6E13: 3 A=78/4G3: ;8623D3096 /: .LE1=0/: /<6;B/9/: 3 056 83E1383.
B178=J=</456

A H A
: 3B3.3026: 28/0:.=::683: :56 ;=06: 93 /46 <6. ./0D/: 93 7688/<@/

A H A C O
: 9=:<6: 93 /<6;B/.3026 :56 10=96: ;38=J38=</.3023 ;68 1./ B=D/456 93 7688/<@/ /;382/9/ ;68
/0?=: 93 ;83::56

A H 8
: D/88/:- <60:2=21H9/: ;68 2/<6: 93 7688/<@/- 30</=>/. :3 0/: /738218/: 96 <6028/9=:<6 3
28/0:.=23. 6 .6.3026 93 862/456
 A H 8 8 :
60:=:23 93 96=: <176: ;86A=96: 93 JB/0D3: 8/0@18/9/: 6093 3:2L .602/9/ 1./ D8/93 .32LB=</
3BL:2=</ E13 B=D/ 6: <176: <60C1026 3:2L /B6C/96 3. 91/: 2/.;/: ;86A=9/: 93 C102/ 93 30<6:26
3 93 83230268 C1026 /6 <176 696 6 3:;/46 30283 6: <176: 3 /: 2/.;/: ? ;8330<@=96 <6. D8/>/

;3:/8 93 3:23 /<6;B/.3026 :38 JB3>HA3B- /: L8A683: 93A3. :38 73. /B=0@/9/: 06 /26 93 :1/
=0:2/B/456 ;/8/ E13 056 ;86A6E13. A=78/4G3: 3><3::=A/: 3. :38A=46:

A 8 8 =; H ?
: 93023: ;6::13. / J68./ B=D3=8/.3023 <18A/9/ 06 :302=96 />=/B- 6 E13 ;38.=23 /2? n 93
93:/B=0@/.3026 /0D1B/8 /03B 9302/96 M;34/ 28/0:.=::68/ 96 .6A=.3026N ;6::1= 91/: </883=8/:
93 93023: E13 :56 :3;/8/9/: ;68 1./ :/B=F0<=/ <3028/B

3 :; = ; H ?
X 1:/9/ ;/8/ 28/0:.=::56 93 .6.3026: 93 268456 3. </:6: 93 L8A683: E13 J68./856 Y0D1B6 J=>6
61 A/8=LA3B 918/023 6 .6A=.3026 C102/ 93 /82=<1B/456 ./=: <60@3<=9/ ? / C102/ 10=A38:/B M61
C102/ </89/0N 3.;83D/9/ ;/8/ 28/0:.=2=8 D8/093: J684/: 6. /;30/: 1./ C102/ 10=A38:/B 6
Y0D1B6 30283 /: L8A683: 056 93A3 3><3938 / n /8/ =0<B=0/4G3: /2? n- 1:/. :3 91/: C102/:
3 > > =L ?
8/0:.=23 A3B6<=9/93 <60:2/023 3 23. <6./096 /28/A?: 93 3:J38/: 93 /46 E13 :3 /B6C/. 3.
</B@/: J68./26 93::/: </B@/: ;38.=23 E13 6 ;B/06 93 <602/26 30283 /: 3:J38/: 3 /: </B@/:
9=A=9/- :3.;83- 6 Y0D1B6 9/: L8A683: 3. 91/: ;/823: =D1/=: ::/ ;6:=456 96 ;B/06 93 <602/26 ?
E13 ;6::=7=B=2/ / 28/0:.=::56 <60:2/023 9/ A3B6<=9/93 56 <B/::=J=</96: <6.6 056 3BL:2=<6:

J 8
60:=:23 3. /0?=: ;B/06: /;382/96: <6028/ 1. 9=:<6 J3=26 93 ./238=/B <6. /B26 <63J=<=3023 93
/28=26- ;/8/ 3A=2/8 6 3:<6883D/.3026 E1/096 / ;62F0<=/ ? 28/0:.=2=9/

68./B.3023 / J684/ ? J6803<=9/ ;68 1./ 61 ./=: .6B/: 3 / 3.783/D3. ? 93:30D/2/9/ ;68 1./
/B/A/0</

J 8 ]
6::1= 91/: :1;38JH<=3: 93 J8=<456 <Z0=</:- 1./ 9/: E1/=: ;693 :38 83A3:2=9/ <6. 1. ./238=/B 93
/B26 <63J=<=3023 93 /28=26

</;/<=9/93 93 268E13 93 1./ 3.783/D3. <Z0=</ ? ./=68 E13 / 93 1./ 3.783/D3. 93 9=:<6 93
.3:.6 9=Y.3286
1/ </;/<=9/93 93 268E13 /1.302/ <6. 6 93<8?:<=.6 96 Y0D1B6 30283 6 <603 3 6 3=>6 ::3 Y0D1B6
056 93A3 :38 =0J38=68 / n ;/8/ 3A=2/8 6 3.;388/.3026

J 8 BC 8
X 12=B=O/9/ E1/096 6 30D/23 93 1./ L8A683 .6268/ 93A3 6<68838 ;86D83::=A/.3023 3 / 1./
862/456 ;8393238.=0/9/
 : ;3:6:- ;68 /456 9/ J684/ <3028HJ1D/- 3.;188/. /: :/;/2/: E13- ;68 :1/ A3O- <6.;B32/. /
28/0:.=::56 96 268E13

J 8 A > B
60:=:23 3. 1./ ;B/</- 83A3:2=9/ <6. /:73:26 3. /.76: 6: B/96:- ;83:/ 30283 91/: ;B/</: 93 /46
E1/096 / 3.783/D3. 3:2L /<=60/9/

9=:<6 93 /28=26 ? <6.;8=.=96 />=/B.3023 /28/A?: 96 9=:<6 93 <6.;83::56 ;68 .3=6 9/: .6B/:
:6783 6 A6B/023
6. 6 93:B6</.3026 96 /03B 93 D8/J=23 ;/8/ / 3:E1389/- 6 /<6;B/.3026 ? /B=A=/96 3 / /B/A/0</- E13
:3 /;T=/ :6783 / </02603=8/- 93:<6.;8=.3 6 9=:<6 /28/A?: 96: ;=06: ;602/ 93 L8A683 ? <3028/9/
;68 1./ 71<@/ 93 93:B=O/.3026

J 8 ' >
/9/ 86B323 3:2L B6</B=O/96 3. 1. 3:;/46 3. J68./ 93 <10@/- 30283 /: L8A683: =02380/ 3 3>2380/
 . 1. :302=96 93 D=86- 6: 86B323: /A/04/. 3 28/A/. 6 <60C1026 =.;1B:=60/096 / L8A683 <6091O=9/
6 61286 :302=96- 6: 86B323: 83;61:/. 0/ 7/:3 9/ 8/.;/ 3 030@1. .6A=.3026 ? 28/0:.=2=96
3.783/D3. 10=9=83<=60/B ? /;B=</9/ 3. 28/0:;682/9683: =0<B=0/96: <6.6 <603>56 ;/8/ L8A683:-
;/8/ 28/A/8 6 </886 / J=. 93 3A=2/8 1. .6A=.3026 =093:3C/96 ;/8/ 28L:

J 8 8
3:23 2=;6 93 3.783/D3.- / L8A683 <6091O=9/ ;6::1= 1. JB/0D3 <6. 83A3:2=.3026 93 /28=26

./ /8./918/- 3. J68./ 93 9=:<6- ? =.;1B:=60/9/ ;3B/ L8A683 .6268/ 3 ;693 .6A38 :3

/>=/B.3023 <6028/ .6B/:
./ 767=0/ 93 </.;6 J=>/ 61 B=A83 ;/8/ D=8/8 <6. / L8A683 <6091O=9/- ? 3038D=O/9/ ;8691O=096
1. </.;6 ./D0?2=<6 E13 /<=60/ / 3.783/D3.
./ </8/<238H:2=</ =.;682/023 9/ 3.783/D3. 3B3286./D0?2=</ ? ;6938 :38 <6./09/9/ /
9=:2Y0<=/ ;68 .3=6 93 </76

A L H
3:23 </:6- /: L8A683:- .6268/ 3 .6A=9/- </883D/. =.;1B:683: <6. ;L: 8/9=/=:
: 3:;/46: 30283 /: ;L: :56 ;8330<@=96: <6. TB36- E13 <=8<1B/ 0/: ;L: E1/096 / L8A683 .6268/
D=8/
869/ 0/ L8A683 .6268/ /21/ <6.6 1./ 76.7/- 3 / 869/ 0/ L8A683 .6A=9/ /21/ <6.6 1./ 2187=0/-
93 J68./ E13 / ;62F0<=/ ? 28/0:.=2=9/- @/A3096 :3.;83 1./ ;389/ 93 A3B6<=9/93 93A=96 /6
3:<6883D/.3026

<6;B/.3026: @=98L1B=<6: :56 12=B=O/96: <6. .62683: 3B?28=<6: 01./ /.;B/ D/./ 93 /;B=</4G3:-
3:;3<=/B.3023 E1/096 6: /<=60/.3026: :56 :3A38/.3023 3>=D=96: 3 E1/096 3<606.=/ 3
<60J=/7=B=9/93 :56 83E138=9/:
/02/D30: 96: /<6;B/.3026: @=98L1B=<6:S
<3B38/456 :1/A3 93 D8/093: =0?8<=/:W
38.=23 6 1:6 93 .62683: <6. 86268 3. <1826 <=8<1=26 93 7/=>6 <1:26W
/82=9/ 3 /<3B38/456 96 .6268 :3. </8D/W
A=2/ 6 :1;38 9=.30:=60/.3026 96 .6268W
"=.=2/456 96 268E13 0/ ;/82=9/W
.6823<=.3026 3J32=A6 93 <@6E13: 3 A=78/4G3:W
8623456 <6028/ :6783</8D/ ;/8/ .6268 3 .LE1=0/W
E1/B=O/456 93 </8D/ ;/8/ /<=60/.3026: .1B2= .62683:
 /<6;B/.3026 ? 1. /<6;B/.3026 @=9869=0Y.=<6 7/:3/96 06 ;8=0<H;=6 93 $6322=0D38 31:
<6.;603023: ;8=0<=;/=: :56 96=: 862683: <6. ;L:- 1. 86268 76.7/ 3 1. 86268 2187=0/- 73. <6.6
1./ <60<@/ 3>2380/

.76: 6: 862683: :56 :1;682/96: ;68 86B/.3026: 83B/2=A/.3023 1. /6 61286

28/0:.=::56 93 268E13 ? 672=9/ <6. 6 .H0=.6 93:D/:23 .3<Y0=<6 3 056 @L <602/26 .3<Y0=<6
30283 /: ;34/: E13 28/0:.=23. 6 268E13
/<6;B/.3026 <602?. 1./ E1/02=9/93 <60:2/023 93 JB1=96 93 28/7/B@6- 1:1/B.3023 TB36 .=038/B
268E13 J6803<=96 ;3B6 .6268 93 /<=60/.3026 ? <60A382=96 3. 3038D=/ <=0?2=</ 96 JB1=96 93
28/7/B@6 06 86268 76.7/ E13 3:2/ <603<2/96 /6 .3:.6
6 86268 2187=0/ 3:2/ 3038D=/ <=0?2=</ ? 06A/.3023 <60A382=9/ 3. 3038D=/ .3<Y0=</ 3J38=096
:3 / J10456 96 /<6;B/.3026 67:38A/. :3 28F: :=21/4G3:S

:2/<=60L8=6 /82=9/ ;38/456 :67 </8D/ 068./B

H
696 6 JB1=96 83;61:/ 06 /<6;B/.3026
,
86268 76.7/ /<3B38/ 6 JB1=96 93 28/7/B@6 <60J68.3 /1.302/ / 862/456 96 .6268 93
/<=60/.3026 93 J68./ / <8=/8 1. JB1>6 <=8<1B/8 93 JB1=96 0/ <Y./8/ 93 28/7/B@6
69/ :1;38JH<=3 9/: ;L: 96 86268 2187=0/ :56 /2=0D=9/: 3 .6A=9/: ;68 /456 9/ 3038D=/ <=0?2=</
3A6B1456 96 268E13 918/023 6 ;86<3::6 93 ;/82=9/ ? =09=</9/ ;3B/ <18A/ </8/<238H:2=</ 96
/<6;B/.3026
A :; J 8
3A=96 V ;3E130/ 9=J38304/ 93 862/456 30283 86268 76.7/ 3 2187=0/ 672?. :3 1. JB1>6
<60:2/023 E13 <=8<1B/ 06 /<6;B/.3026
6.3023 6 268E13 83E138=96 ;3B/ .LE1=0/ ? 28/0:.=2=96
28/A?: 9/ /93E1/9/ 12=B=O/456 93 <Y./8/: 93 <6.;30:/456 2/=: <6.6 <Y./8/ 93 832/89/.3026 3
<Y./8/ 832/89/.3026 /01B/8 3>238=68- 6 93:3.;30@6 93 ;/82=9/ 96 /<6;B/.3026 ;693 :38
=0JB130<=/96

&
( $

56 .3</0=:.6: E13- ;/8/ =023886.;38 1. .6A=.3026- 28/0:J68./. 3038D=/ <=0?2=</ 3. </B68

693. 238 /<=60/.3026 ./01/B- @=98L1B=<6- ;031.L2=<6- 3B3286./D0?2=<6 61 /126.L2=<6

1@+@# ' * A
3:23 </:6- 91/: :/;/2/: :56 ./02=9/: 3. <602/26 <6. 6 2/.768 /28/A?: 9/ /456 93 1./ .6B/
E13 6 =.;393 93 869/8
/8/ B=738/8 6 2/.768- /<=60/ :3 / /B/A/0</ 93 <6./096- E13 ;693 :38 6;38/9/ ./01/B.3023- ;68
1. :6B30T=93 61 ;68 1. <=B=0986 ;031.L2=<6 ::3 2=;6 93 J83=6 ? 12=B=O/96 3. 3B3A/9683:

1@+@& ' *
X 1. J83=6 3. E13 1. 61 96=: 7B6<6: :3D.302/83:- 93 ./238=/B 93 J8=<456- :56 J684/96: <6028/ /
:1;38JH<=3 93 1. 9=:<6 D=8/2T8=6

. /126.TA3=:- 6: 7B6<6: :3D.302/83: M61 ;/:2=B@/:N :56 6;38/96: ;68 ;=:2G3: @=98L1B=<6:
: J83=6: / 9=:<6 :56 .306: ;86;30:6: V J/9=D/ ME139/ 93 3J=<=F0<=/ 6;38/<=60/B 3. J10456 96
23.;6 93 12=B=O/456N E13 6: J83=6: / 2/.768

1@+@) ' * A J
932/B@3 </8/<238H:2=<6 93:23 J83=6 ? 1./ :/;/2/ M61 ;/823 93 1./ /B/A/0</N- 83A3:2=9/ <6.
./238=/B 93 /B26 <63J=<=3023 93 6B/ B/A/0</ /;/2/: 7B6<6: =:<6 D=8/2T8=6 /28=26- <6.;8=.=9/
<6028/ 1./ 869/ D=8/2T8=/ M61 2/.768N B=D/9/ /6 T8D56 / J83/8

1@+@+ ' * A C J
X 1. J83=6 3. E13 91/: :/;/2/: <18A/: :56 J684/9/: ;/8/ J68/- <6028/ 6 =0238=68 9/ 7689/ 93 1.
2/.768 D=8/2T8=6

(
 : :/;/2/: :56 83A3:2=9/: <6. ./238=/B 93 /28=26- <60@3<=96 <6.6 B60/ 93 J83=6- 837=2/96 61
<6B/96 3. :1/ :1;38JH<=3 3>2380/

( "

/8/ 28/0:.=2=8 ;62F0<=/ 93 1./ L8A683 V 6128/- /BD10: 96: 3B3.3026: ./=: /02=D6: 3 ./=: 1:/96:
:56 /: <6883=/: 3 /: ;6B=/:
: 28/0:.=::G3: ;68 <6883=/: 3 ;6B=/: /;83:302/. /: :3D1=023: A/02/D30:S
6::13. 7/=>6 <1:26 =0=<=/B- /B26 <63J=<=3023 93 /28=26- 3B3A/9/ 83:=:2F0<=/ /6 93:D/:23 3
J10<=60/.3026 :=B30<=6:6W
56 JB3>HA3=:- 3BL:2=</: 3 /93E1/9/: ;/8/ D8/093: 9=:2Y0<=/: 30283 <30286:

1@-@# ' ,
6B=/: :56 3B3.3026: .3<Y0=<6: <=8<1B/83:- <6. 61 :3. </0/=: ;38=J?8=<6:- /<6;B/96: / 3=>6:
.62683: 3 .6A=96: ;68 .LE1=0/: 3 3E1=;/.3026: : ;6B=/:- ;/8/ J10<=60/8- 03<3::=2/. 9/
;83:304/ 93 AH0<1B6: <@/./96: <6883=/: +1/096 3. J10<=60/.3026- /: ;6B=/: 3 <6883=/: ;693.
28/0:J38=8 3U61 28/0:J68./8 .6A=.3026: 93 1. ;6026 ;/8/ 61286 9/ .LE1=0/ 3.;83 @/A38L
28/0:J38F0<=/ 93 J684/
: ;6B=/: :56 <B/::=J=</9/: 3. 96=: D81;6:S ;B/0/: 3 28/;3O6=9/=: : ;6B=/: 28/;3O6=9/=: :56
<60@3<=9/: ;3B6 06.3 93 ;6B=/: 3. ] I 3 :56 /: ./=: 12=B=O/9/: 3. .LE1=0/:
: ./238=/=: E13 :3 3.;83D/. ;/8/ / <60:281456 9/: ;6B=/: :56 J3886 J109=96 M6 ./=: 12=B=O/96N-
/46:- B=D/: B3A3: 3 ./238=/=: :=02?2=<6: :1;38JH<=3 9/ ;6B=/ 056 93A3 /;83:302/8 ;686:=9/93-
;6=:- 96 <6028L8=6- / <6883=/ =8L :3 93:D/:2/8 8/;=9/.3023

, A
3D1096 068./ - / :1;38JH<=3 93 <602/26 9/ ;6B=/ ;B/0/ ;693 :38 ;B/0/ 61 /7/1B/9/ ;6B=/
<6. :1;38JH<=3 ;B/0/ <60:38A/ .3B@68 /: <6883=/: 3 / ;6B=/ <6. :1;38JH<=3 /7/1B/9/ D1=/ .3B@68 /:
<6883=/:

, A < /
;6B=/ 28/;3O6=9/B 83<373 3::3 06.3 ;68E13 / :1;38JH<=3 0/ E1/B / <6883=/ :3 /::302/ /;83:302/ /
J68./ 93 28/;?O=6 : ;6B=/: 28/;3O6=9/=: 93A3. :38 ;86A=9/: 93 </0/B323: M61 </0/=:N 3 :56
9=.30:=60/9/: 93 /<6896 <6. 6 ;38J=B ;/9856 9/ <6883=/ / :38 12=B=O/9/
 693. ;6::1=8 AL8=6: </0/=: 28/0:.=2=096 /::=. ./=683: ;62F0<=/:

38J=B 96: </0/=: 9/: ;6B=/:

: ;6B=/: 3. 2F. :1/: 9=.30:G3: 068./B=O/9/: 3 :56 J3=2/: <6. Y0D1B6: 9=J383023: <60J68.3 6
2/./0@6
=.30:G3: 068./B=O/9/: ;/8/ ;6B=/: 3. S

)
 O8 A /
: ;6B=/:- ;/8/ J10<=60/83. /93E1/9/.3023- 3>=D3. 6: :3D1=023: <1=9/96:S
056 /;83:302/8 93:D/:23: 06: </0/=:W
056 /;83:302/8 /: 7689/: 28=0</9/:- /./::/9/:- 6>=9/9/: 61 <6. ;686:=9/93W
/;83:302/8 6: </0/=: B=A83: 93 D8/>/- TB36 61 2=02/ 3 <68832/.3023 9=.30:=60/96: ;/8/
83<3738 /: <6883=/:
7:38A3 /: =B1:28/4G3: :3D1=023: d 3:E1389/- 23.6: 1./ <6883=/ <68832/.3023 /::302/9/ 06
</0/B 9/ ;6B=/ 623 E13 / <6883=/ 056 1B28/;/::/ / B=0@/ 96 9=Y.3286 3>23806 9/ ;6B=/ 03. 26</ 06
J1096 96 </0/B d 9=83=2/- ;68 </1:/ 96 93:D/:23 :6J8=96 ;3B6 </0/B- / <6883=/ /::302/ :3 06
J1096 3::3 PB2=.6 </:6- / ;6B=/ 93A38L :38 :17:2=21H9/ ;/8/ E13 / <6883=/ 056 A30@/ / :6J838
93:D/:23: ;83./2186:

A38=J=</456 96 9=.30:=60/.3026 96: </0/=: 9/: ;6B=/: 93A3 :38 J3=2/ <6. 6 /1>HB=6 93 1.
D/7/8=26 <6023096 6 Y0D1B6 96: </0/=:

!
 L A
B?. 96: <1=9/96: <=2/96: /0238=68.3023- /: ;6B=/: 3. ] I 3>=D3. /B=0@/.3026 6B=/:
93:/B=0@/9/: 9/0=J=</. 8/;=9/.3023 /: <6883=/: 3 J684/. 6: 3=>6: /1.302/096 6 93:D/:23 96:
./0</=: 3 6: ;8T;8=6: 3=>6:
X 83<6.309LA3B- ;/8/ J/O38 1. 76. /B=0@/.3026- 1:/8 1./ 8?D1/ ;/8/B3B/ J/O3096 / 26</8 269/ /
:1;38JH<=3 B/238/B 9/: ;6B=/:- 61 /=09/ 12=B=O/8 3E1=;/.3026 / B/:38 <60J68.3 .6:28/ / J=D18/

1@-@&
: <6883=/: :56 3B3.3026: 93 .LE1=0/: <1C/ J10456 ? ./0238 6 AH0<1B6 30283 91/: ;6B=/: 3
28/0:.=2=8 ;62F0<=/

' ; A A
::/ ./03=8/ 93 28/0:.=::56 93 ;62F0<=/ :3 9L ;68 .3=6 96 /28=26 E13 ;693 :38 :=.;B3:- E1/096
3>=:23 :6.3023 1./ ;6B=/ .6268/ 3 1./ ;6B=/ .6A=9/- 61 .PB2=;B6- E1/096 3>=:23. ;6B=/:
=0238.39=L8=/: <6. 9=Y.3286: 9=J383023: <6883=/ ;B/0/- E1/096 3. :38A=46- 93:B=O/ 3- ;682/026
056 28/0:.=23 =023D8/B.3023 / ;62F0<=/
93:B=O/.3026 93;3093 9/ </8D/- 9/ A3B6<=9/93 ;38=J?8=</- 96 2/./0@6 9/ :1;38JH<=3 93 /28=26 3
96 ./238=/B 9/ <6883=/ 3 9/: ;6B=/:

6 /<=60/.3026 :=.;B3:- / ;6B=/ .6268/ 3 / .6A=9/ D=8/. 06 .3:.6 :302=96 6 /<=60/.3026

<81O/96 /: ;6B=/: D=8/. 3. :302=96: <6028L8=6: 3 ;38.=23. Y0D1B6 93 /78/4/.3026 ./=683:-
;68?. 6 93:D/:23 9/ <6883=/ ? ./=68
 <6883=/ ;B/0/ ;38.=23 /=09/ / 28/0:.=::56 30283 L8A683: 056 ;/8/B3B/:

/238=/=: ;/8/ <6883=/ ;B/0/

6186 93 76=
3<373 3.309/:- :1;682/ 73. 6: 3:J6846: 3 :56 7/:2/023 3BL:2=</:
/238=/B J=786:6 3 :=02?2=<6:
56 83<373 3.309/: M<6883=/ :3. J=.N- ;8T;8=/ ;/8/ J684/: :3. 6:<=B/4G3:- ;/8/ ;6B=/ 93
;3E1306 9=Y.3286 3. ;68 ./238=/B 7/:3 6 /BD6956- 6 ;FB6 93 </.3B6- 6 A=:<6:3- 6 ;38B60 3 6
0[B60
/238=/B <6.7=0/96- <6186 3 :=02?2=<6:
::/ <6883=/ ;6::1= / J/<3 =02380/ J3=2/ 93 <6186 <182=96 /6 <86.6 3 / 3>2380/ 93 ./238=/B
:=02?2=<6 M;38B60N ::/ <6.7=0/456 ;8691O 1./ <6883=/ <6. 3><3B3023 JB3>=7=B=9/93- </;/: 93
28/0:.=2=8 D8/093: ;62F0<=/:

' ; A /
<6883=/ 3. ? =023=8=4/ M:3. J=.N J/78=</9/ <6. :3<456 28/0:A38:/B 3. J68./ 93 28/;?O=6 X
J3=2/ 93 7688/<@/ 83A3:2=9/ ;68 B60/ 3 ? J68./9/ 06 :31 =0238=68 ;68 <68960?=: A1B</0=O/96: ;/8/
/7:68A38 /: J684/:

3.;83D6 9/ <6883=/ 3. ? ;83J38HA3B /6 9/ <6883=/ ;B/0/ 3 ;6::1= /: :3D1=023: </8/<238H:2=</:S

• 8/2=</.3023 056 23. 93:B=O/.3026
• 3B/456 93 28/0:.=::56 /2? !S
• 38.=23 1./ 76/ ;86>=.=9/93 30283 3=>6: B=.=23 ? 9/96 ;68 ; g ^ U @ M g 9=Y.3286
9/ ;6B=/ ./=68 3 @ g /B218/ 9/ <6883=/N
 • ;83::56 06: JB/0<6:- 3. <60:3ERF0<=/ 96 3J3=26 93 <10@/- 28=;B=</ 3. 83B/456 V <6883=/
;B/0/
• /82=9/ <6. .3068 230:56 ;8?A=/ E13 / <6883=/ ;B/0/
• 3068 </8D/ :6783 6: ./0</=: E13 / <6883=/ ;B/0/
• B=.=0/ 6: 81H96: 3 6: <@6E13:- 2H;=<6: 9/ <6883=/ 3.309/9/ <6. D8/.;6:
• .;83D6 93 /2? 96O3 <6883=/: 01./ .3:./ ;6B=/

6883=/ 3. 9302/9/

38J=B 3 93:=D0/456 9/: <6883=/: 3.

93:=D0/456 ? J3=2/ ;68 1./ B328/ E13 83;83:302/ 6 J68./26 3 ;68 1. 0P.386 E13 ? 6 ;38H.3286
.?9=6 9/ <6883=/ 3. ;6B3D/9/
: ;38J=: :56 068./B=O/96: 3 9306.=0/. :3 J68./26 - - - 3 - :1/: 9=.30:G3: :56
.6:28/9/: 0/ J=D18/ / :3D1=8

/8/ 3:;3<=J=</456 93 <6883=/:- ;693 :3 30<6028/8- ;68 /;86>=./456- 6 0P.386 E13 A/= /6 B/96 9/
B328/- .39=096 6 <6.;8=.3026 3>23806 9/ <6883=/- 9=.=01=096 1. 96: A/B683: /7/=>6 3
28/0:J68./096 6 83:1B2/96 3. ;6B3D/9/:

; A = < ?
: 28/0:.=::G3: ;68 <6883=/: 9302/9/:- 2/.7?. <@/./9/: <6883=/: :=0<860=O/968/:- <6.;G3 :3
9/ <6883=/- 9/ ;6B=/ 9302/9/ /<=60/968/ 3 9/ ;6B=/ 9302/9/ /<=60/9/
 6::13. /: :3D1=023: </8/<238H:2=</:S
56 @L 6 93:B=O/.3026 E13 6<6883 0/: 28/0:.=::G3: ;68 <6883=/: ;B/0/: 3 28/;3O6=9/=:W
6.6 056 93;3093. 96 /28=26 30283 <6883=/ 3 ;6B=/ ;/8/ / 28/0:.=::56 93 ;62F0<=/- /
230:56 =0=<=/B 9/ <6883=/ ? 7/=>/- 6 E13 8391O / </8D/ :6783 6: 3=>6: 3 6: ./0</=:W
8/0:.=23 A3B6<=9/93 /0D1B/8 <60:2/023 ;68 056 /;83:302/8 93:B=O/.3026 3 6 3J3=26
;6B=D60/B 9/: 28/0:.=::G3: ;68 <6883023: <6. ;3E1306 0P.386 93 93023:W
56 03<3::=2/ 93 B178=J=</456W
;83:302/ 7/=>6 0HA3B 93 81H96W
<1:26 93 28/0:.=::56 ? 83B/2=A/.3023 /B26

+1/096 / 83B/456 93 28/0:.=::56 :1;38/ &S - ? 03<3::L8=6 /1.302/8 6 Y0D1B6 93 /78/4/.3026 9/

;6B=/ .3068 /8/ =::6- 1:/ :3 6 86B6 230:=60/968 61 3:2=</968- /<=60/96 ;68 .6B/ 61 ;68 ;3:6

230:56 9/ <6883=/ ;693 :38 <60286B/9/ 2/.7?. ;3B6 93:B6</.3026 96 .6268 :6783 D1=/: 61 ;68
:=:23./ 7/:<1B/023

, :; A
<6883=/ ? =.;682/023 ;/8/ / .LE1=0/ +1/096 ./B /;B=</9/ 61 J861>/- ;86A6</ / ;389/ 93
A3B6<=9/93 3 93 3J=<=F0<=/ 9/ .LE1=0/W E1/096 3:2=</9/ 93./=:- @L E1378/ 96: 3=>6: 61 93:D/:23
8L;=96 96: ./0</=:
 : ;6B=/: 93A3. 238 1./ <60:281456 8=D686:/ E1/026 V <60<3028=<=9/93 96: 9=Y.3286: 3>23806: 3
96 J186- E1/026 / ;38;309=<1B/8=9/93 30283 /: J/<3: 93 /;6=6 3 6: 3=>6: 96: JB/0<6:- 3 E1/026 /6
7/B/0<3/.3026- ;/8/ E13 056 ;86A6E13. 9/06: 06: ./0</=: 3 3=>6:
;8=.3=8/ 83<6.309/456 ;/8/ / ./01230456 9/: <6883=/: 3. ] I ? ./02F B/: :3.;83 B=.;/:
B?. 9=::6- 93A3. :38 67:38A/96: 6: :3D1=023: 83E1=:=26:S
• /: ;8=.3=8/: @68/: 93 :38A=46- A38=J=</8 <60:2/023.3023 / 230:56 3 /C1:2L B/- :3
03<3::L8=6- ;6=: 03::3 ;38H696 /: <6883=/: :6J83. ./=683: 3:2=</.3026:
• 3 1./ <6883=/ 96 C6D6 86.;38- ? ;83J38HA3B 28/7/B@/8 <6. 1./ <6883=/ / .306: 96 E13
286<L B/ ;68 6128/- /2? E13 :3 ;6::/ 286</8 2696 6 C6D6 56 ? /<60:3B@LA3B 1:/8 <6883=/:
06A/: C1026 V: A3B@/: : A3B@/:- ;68 3:2/83. B/::3/9/:- :6783</883D/. /: 06A/:
• 6D6: 93 <6883=/: 93A3856 :38 .602/96: <6. <6883=/: 93 1./ .3:./ ./8</ ::3 <1=9/96
? 03<3::L8=6 ;68E13 <6883=/: 93 ./8</: 9=J383023: /;83:302/. 93:3.;30@6: 9=J383023:-
A/8=/096 93 J/78=</023 ;/8/ J/78=</023
• 6./8 <1=9/96 ;/8/ E13 6 ;8623268 9/: <6883=/: 010</ :3C/ 83.6A=96 30E1/026 / .LE1=0/
3:2=A38 3. 6;38/456
• 10</ 2302/8 83.309/8 1./ <6883=/ 3. ] I 3:28/D/9/

J S : 93J3=26: <60:2812=A6: 9/: ;6B=/: 2/.7?. =0JB13. 03D/2=A/.3023 0/ ;6:=456 93 .602/D3.

96 <60C1026 93 28/0:.=::56

:;
/8/ <6B6</8 1./ <6883=/ A=0<1B/096 1./ ;6B=/ J=>/ / 1./ .TA3B- 93A3 :3 83<1/8 / ;6B=/ .TA3B
/;86>=./096 / 9/ J=>/ ::3 ;86<39=.3026 J/<=B=2/8L / <6B6</456 9/ <6883=/ :3. ;38=D6: 93
9/0=J=<L B/
56 :3 83<6.309/ <6B6</8 <6883=/: J684/096 /: <6028/ / B/238/B 9/ ;6B=/ 61 1:/8 E1/BE138 2=;6 93
J388/.302/ ;/8/ J684L B/ / 3028/8 06: </0/=: 9/ ;6B=/ ::3: ;86<39=.3026: ;693. </1:/8 6
86.;=.3026 9/: B60/: 3 <68960?=: 9/: <6883=/:
;T: .602/8 /: <6883=/: 06: 83:;3<2=A6: </0/=: 9/: ;6B=/: 3- /023: 93 230:=60L B/:- 93A3 :3 D=8L
B/: ./01/B.3023 ;/8/ E13 :31: B/96: J861>6: J=E13. :3.;83 ;/8/ <=./ 61 ;/8/ 7/=>6- ;6=: :3
3:2=A383. 3. B/96: 6;6:26: 6 230:=60/.3026 ;6:238=68 056 :38L 10=J68.3

230:=60/.3026 93 <6883=/: 3>=D3 / A38=J=</456 96: :3D1=023: ;/8Y.3286:S

• 30:56 =93/BS 93A3 :38 / ./=: 7/=>/ ;6::HA3B- :3. E13 6<688/ 93:B=O/.3026- .3:.6 <6.
;=<6: 93 </8D/W
• 30:56 7/=>/S ;86A6</ 93:B=O/.3026 3- <60:3ER3023.3023- ;8691456 93 </B68 3><3::=A6
0/: <6883=/:- 6</:=60/096 9/06: ;83./2186:W
• 30:56 /B2/S 8391O / A=9/ P2=B 9/: <6883=/: 3 96: 86B/.3026: 96: 3=>6: 9/: ;6B=/:
/8/ A38=J=</8 :3 / 230:56 ? <68832/ 01./ 28/0:.=::56 <6. <6883=/: 3. j j <60A30<=60/=:-
;86<39/ 9/ :3D1=023 J68./S
/N 34/ 6 <6.;8=.3026 96 A56 j2j
7N 6 <30286 96 A56 j2j /;B=E13 1./ J684/ M;38;309=<1B/8 /6 A56N :1J=<=3023 ;/8/ 93JB32=8 /
<6883=/ 3. U& j ;/8/ </9/ ;6B3D/9/ 93 <6.;8=.3026 96 A56- 61 :3C/- / 93JB3>56 93A3 :38 93 -&
_ 96 A56
<N 6.;/83 / J684/ /;B=</9/ 0/ 93JB3>56
9N 3 / J684/ 3:2=A38 30283 3 - A3O 6: A/B683: =09=</96: ;/8/ 230:56 068./B- 30256 /
28/0:.=::56 3:2/8L :/2=:J/268=/.3023 230<=60/9/

39=968 93 230:56 93 <6883=/:

2=B=O/ 6: ;8=0<H;=6: 9/ /<P:2=</ ;/8/ .39=8 6 230:=60/.3026 93 <6883=/:
.39=968 J6803<3 B3=218/: E13 83JB323.- 93 J68./ ;83<=:/ 3 :3. =0238J38F0<=/ 96 6;38/968- /
230:56 0/ <6883=/
3E1=;/.3026 <60:=:23 93 1. ;3E1306 </734623 :30:68 E13 ? ;6:=<=60/96 /6 83968 9/ <6883=/ /
:38 A38=J=</9/ ./ ;3E130/ 7/2=9/ 0/ <6883=/ ? :1J=<=3023 ;/8/ =091O= B/ / A=78/8 3. :1/
J83ERF0<=/ 0/218/B : A=78/4G3: :56 9323<2/9/: 3 / J83ERF0<=/ 9/ A=78/456 ? 30256 3>=7=9/ 06
9=:;B/[ :23 3E1=;/.3026 ? =93/B ;/8/ .39=8 230:G3: 3. 2696: 6: 2=;6: 93 <6883=/:- <6.6 ;68
3>3.;B6S <6883=/: 9302/9/:- <6883=/: 3. - ;6B[ - 32<
J83ERF0<=/ 93 .39=456 A/8=/ 93 ! O / &!! O M =;6 N- E13 <6783 / ./=68 ;/823 9/: /;B=</4G3:
0/ =09P:28=/ /126.62=A/ /.7?. ? 9=:;60HA3B 0/ J83ERF0<=/ 93 ! O / !! O- ;/8/ /;B=</4G3:
3:;3<=/=:

, :;
696 :=:23./ E13 28/7/B@/ <6. 28/0:.=::56 93 <6883=/: 93A3 :38 93A=9/.3023 ;8623D=96 ;/8/
3A=2/8 /<=93023: : 2=;6: 93 ;8623456 ./=: /93E1/96: :56 /E13B3: E13 ;38.=23. / ;/::/D3. 96
/8 ;/8/ 1./ 76/ A302=B/456 3 9=::=;/456 96 </B68 <60:3B@/ :3 / <6B6</456 93 23B/: 61 D8/93: 93
/46 ;/8/ 3::/: ;86234G3:
3A3 :3 A38=J=</8 ;38=69=</.3023 :3 /: ./B@/: 9/: 23B/: 3:256 B=.;/: 3 :3 /: 23B/: 056 3:256 3.
<602/26 9=8326 <6. 6 :=:23./

&
(&

. 61 AL8=6: 3=>6: ;693. :38 /<=60/96: /28/A?: 93 <6883023 28/0:.=::56 93 ;62F0<=/ ? J3=2/
/28/A?: 96 30D830/.3026 30283 6: 93023: 9/ 30D830/D3. 3 6: 3B6: 9/ <6883023W 056 6<6883 6
93:B=O/.3026
X 03<3::L8=6 ;/8/ 6 J10<=60/.3026 93::3 <60C1026 93 28/0:.=::56 E13 /: 30D830/D30: 3:23C/.
3. 1. .3:.6 ;B/06 3 6: 3=>6: ;/8/B3B6: 30283 :=

28/0:.=::56 ;68 <6883023 068./B.3023 ? 12=B=O/9/ E1/096 056 :3 ;693. 1:/8 <6883=/: ;68 </1:/
9/ 1.=9/93- A/;683:- TB36- 32< X - /=09/- 93 .1=2/ 12=B=9/93 ;/8/ 28/0:.=::G3: 30283 3=>6:
;8T>=.6:- :17:2=21=096 2830: 93 30D830/D30: =0238.39=L8=/:

1@0@# ' A

X <6.;6:2/ ;68 3B3.3026: =023806: 3 3>23806:- 6093 /: 2/B/: :56 ;38./03023.3023 B=D/9/:
/28/A?: 93 ;=06: 3 71<@/:W :6783 /: 71<@/: :56- /=09/- <6B6</96: 86B6:
:2/ <6883023 ? /;B=</9/ 3. 28/0:.=::G3:- 3. .6A=.302/456 3 :1:2302/456 93 <6028/;3:6 3- <6.
/7/: 93 /9/;2/456- 3. 28/0:;682/9683:W ? J/78=</9/ 3. 2=;6 :2/09/89- .?9=6 3 ;3:/96

(
 L8=/: <6883023: ;693. :38 B=D/9/: 3. ;/8/B3B6- J68./096 <6883023 .PB2=;B/W ;693. :38
.602/9/: /2? <6883023: 3. ;/8/B3B6

3::3 2=;6 93 <6883023 @L- :6783 </9/ ;=06 /82=<1B/96- AL8=/: 2/B/: 9=:;6:2/: 1./ /6 B/96 9/
6128/- 6093 </9/ :3D109/ 2/B/ ;38230<3 /6 ;8T>=.6 3B6 9/ <6883023
 3::/ ./03=8/- ;693. :38 <60:281H9/: <6883023: 73. B/8D/: 3 .1=26 83:=:23023: B?. 9=::6-
.3:.6 <6. 6 93:D/:23- 6 ;/::6 J=</- 93 3B6 / 3B6 A=O=0@6- =D1/B- ;6=: 30283 3B3: 056 @L 9=J38304/
:2/ <6883023 ;38.=23 28/0:.=2=8 862/4G3: :1;38=683: V: ;38.=2=9/: 0/: <6883023: 93 86B6: X
<60@3<=9/ <6.6 <6883023 :=B30<=6:/ M]:=B302 <@/=0IN

60@3<=9/: 2/.7?. ;68 </93=/ 93 3B6: ;6::13. 6: 3B6: J68./96: 93 A38D/B@G3: 8396096:
:6B9/96:- ;693096 238 1. A38D/B@56 28/0:A38:/B ;/8/ 3:J6846 56 1:/9/: 3. 2/B@/: ./01/=:-
28/0:;682/9683: 3 3. 1./ =0J=0=9/93 93 /;B=</4G3:

J
X 1./ <6883023 ;/83<=9/ <6. / <6883023 93 86B6:- ./:- </9/ ;/8 93 86B6:- <6. :31: 3B6:- J68./
1. :TB=96 M7B6<6N X 1:/9/ 06: 28/0:;682/9683: 3 6: 7B6<6: J68./. 7/:3 93 /;6=6 ;/8/ 6:
9=:;6:=2=A6: 1:/96: ;/8/ 28/0:;6823

1@0@& ' 8 8 A
: 30D830/D30: ;/8/ <6883023: 2F. <6.6 .39=9/: ;8=0<=;/=: 6 0P.386 93 93023: M N- 6 ;/::6 M;N
3 6 9=Y.3286 M9N

;/::6 ? =D1/B V <689/ .39=9/ :6783 6 9=Y.3286 ;8=.=2=A6 93:93 6 <30286 93 1. A56 /6 <30286 96
A56 <60:3<12=A6- ;68E13 / <6883023 :3 /;B=</ :6783 / 869/ 3. J68./ ;6B=D60/B

)
 ;38J=B 96: 93023: <6883:;6093 /6 9=Y.3286 96: 86B6: 9/ <6883023 3 ;/8/ E13 @/C/ J/<=B=9/93 06
30D830/.3026- /: B/238/=: 96: 93023: :56 /J=B/9/: 3 !_ ./=: 3:283=2/: E13 / <6883023
BD1./: 869/: ;6::13. 6 ;38J=B .69=J=</96 ;/8/ <6.;30:/8 6 /B/8D/.3026 ;8691O=96 ;3B6
93:D/:23 : 93023: :56 J68./96: 93 2/B .696 E13 6: 86B6: <6B6</96: 30283 3B3: 230@/. J6BD/ 06
JB/0<6 9/ J83023 3 06 JB/0<6 93 28L:

1@0@) ' BA
: 3886: 93 3:;3<=J=</456- =0:2/B/456 61 ./01230456 ;693. J/O38 <6. E13 /: <6883023:
/;83:3023. AL8=6: 93J3=26: E1/986 / :3D1=8 .6:28/ 6: ;8=0<=;/=: 93J3=26: /;83:302/96: ;3B/:
<6883023: 3 :1/: </1:/:

!
1@0@+ ' :;
/8/ / ;38J3=2/ ./01230456 9/: <6883023:- 6: :3D1=023: <1=9/96: 93A3856 :38 26./96:S
• "178=J=</8 /: <6883023: <6. TB36- ;68 .3=6 93 D62/:- 7/0@6 61 C/26W
• 0A38238 / <6883023- 93 A3O 3. E1/096- ;/8/ ;86B60D/8 :1/ A=9/ P2=BW
• 10</ <6B6</8 1. 3B6 06A6 06 .3=6 96: D/:26:W
• 56 1:/8 <6883023 06A/ 3. 869/: 9302/9/: A3B@/:W
• /8/ 3J321/8 / B=.;3O/ 9/ <6883023- B/AL B/ <6. E1386:303W
• 0>1D/8 / <6883023 3 .38D1B@L B/ 3. TB36- 93=>/096 3:<68838 6 3><3::6W
• 8./O30/8 / <6883023 <67382/ <6. 1./ </./9/ 93 D8/>/ 3 3.781B@/9/ 3. ;/;3BW
• 39=8 6</:=60/B.3023 6 /1.3026 96 ;/::6 </1:/96 ;3B6 93:D/:23 93 ;=06: 3 71<@/:
• 39=8 6 93:D/:23 9/: 869/: 9302/9/:W
• 38=J=</8 ;38=69=</.3023 6 /B=0@/.3026

(( %

=>6: :56 3B3.3026: .3<Y0=<6: 12=B=O/96: ;/8/ /82=<1B/8 1. 61 ./=: 3B3.3026: 93 .LE1=0/:
+1/096 .TA3=:- 6: 3=>6: 28/0:.=23. ;62F0<=/ ;68 .3=6 .6A=.3026 93 862/456
./=68=/ 96: 3=>6: ? <60:281H9/ 3. /46 <6. 7/=>6 3 .?9=6 2368 93 </87606 : 3=>6: <6. .?9=6
2368 93 </87606 3>=D3. 1. 28/2/.3026 2?8.=<6 :1;38J=<=/B- ;6=: 3:2/856 3. <602/26 ;38./03023
<6. 71<@/:- 86B/.3026: ./238=/=: 93 A39/456
>=:23. 3=>6: J/78=</96: <6. /46: B=D/- /B2/.3023 83:=:23023:

1@1@# ' C :; O
+1/026 V :3456 28/0:A38:/B- 6: 3=>6: :56 <=8<1B/83: 3 ;693. :38 ./<=46:- A/O/96:- <Z0=<6:-
86:</96:- 8/0@18/96: 61 JB3>HA3=:

O :
;83:302/. / :3456 28/0:A38:/B <=8<1B/8 3 ./<=4/- <6. 93D8/1: 61 /;6=6: ;/8/ /C1:23 9/: ;34/:
.602/9/: :6783 3B3: 1/: 3>283.=9/93: :56 <@/0J8/9/: ;/8/ 3A=2/8 6 837/87/.3026 3 :1/:
/83:2/: =02380/: :56 /8839609/9/: ;/8/ 3A=2/8 / <60<3028/456 93 3:J6846: B6</B=O/96:

O > <
56 ./=: 83:=:23023: /6: 3:J6846: 93 268456 3 JB3>56 E13 6: ./<=46: .;83D/. :3 3::3: 3=>6:
E1/096 @L 03<3::=9/93 93 :=:23./: ./=: B3A3: 3 83:=:23023:- <6.6 6: .62683: 93 /A=G3:
 O ]
3A3. :38 /C1:2/96: 01. <6.;603023 E13 ;6::1/ J186 93 30</=>3 <Z0=<6
;/823 /C1:2LA3B 23. J68./26 <Z0=<6 3 ? J=8.3.3023 J=>/9/ ;68 .3=6 93 1./ ;68</ ./
<@/A32/ ? 12=B=O/9/ ;/8/ 3A=2/8 / 862/456 83B/2=A/

O
6::13. /BD1./: ;/823: 86:</9/: E13 ;693. 83<3738 ;68</: </;/O3: 93 ;8309383. 61286:
<6.;603023: /6 <60C1026

O L
;83:302/. 1./ :?8=3 93 8/0@18/: B60D=219=0/=: 3. 26806 93 :1/ <=8<10J38F0<=/ : 8/0@18/:
30D830/. :3 <6. 6: :1B<6: <6883:;6093023: 9/: ;34/: / :383. .602/9/: 03B3: : 3=>6:
8/0@18/96: :56 12=B=O/96: E1/096 ? 03<3::L8=6 28/0:.=2=8 D8/093: 3:J6846:

O C OB>
60:=:23. 3. 1./ :?8=3 93 </./9/: 93 /8/.3 93 /46 3086B/96 /B2380/9/.3023 3. :302=96:
6;6:26: 3 /;382/96 J6823.3023 <60C1026 ? ;8623D=96 ;68 .3=6 93 1. 2176 JB3>HA3B- 3 / 10=56
<6. 6 .6268 ? J3=2/ <6. 1./ 78/4/93=8/ 3:;3<=/B .10=9/ 93 86:</ : 3=>6: JB3>HA3=: :56
3.;83D/96: ;/8/ 28/0:.=2=8 .6A=.3026 / J388/.302/: ;682L23=: E13 6;38/. <6. D8/093:
A3B6<=9/93: 3 <6. 3:J6846: 056 .1=26 =0230:6:

1@1@& ' 8 O
93:.602/D3. 93 3=>6: ? /;/83023.3023 :=.;B3: 3 JL<=B- ;68?. 3>=D3 6: :3D1=023: <1=9/96:S
38=J=</8 / 3>=:2F0<=/ 93 3B3.3026: 93 J=>/456 M/0?=: 3BL:2=<6:- ;/8/J1:6:- ;=06: <Z0=<6:- ;=06: 93
;6:=<=60/.3026 3 <@/A32/:N 3 832=8L B6: /023: 93 :/</8 6 3=>6
 38=J=</8 :3 3>=:23.- 0/ J/<3 96 3=>6- 1. J186 <6. 86:</ J186 ? <60:281H96 ;/8/ J/<=B=2/8 /
93:.602/D3. 96 3=>6 ;68 .3=6 93 1. 9=:;6:=2=A6 ;/8/ :/<L B6

10</ 7/238 <6. ./823B6 0/ J/<3 96 3=>6 : ;/0</9/: ;86A6</. 30</734/.3026- 056 93=>/096
E13 6 3=>6 ;/::3 ;3B6 ./0</B- /B?. 93 ;8691O=8 9/06: 06 J186 93 <30286 /06: 06 J186 93 <30286
=.;393. ;6:238=683: 1:=0/D30:- 6093 :38=/ J=>/96 V .LE1=0/ M26806- 832=J=</968/ <=BH098=</ 3
J83:/968/N 30283 ;602/:

3 83/B.3023 J68 03<3::L8=6 7/238 06 3=>6 ;/8/ :/<L B6- 83<6.309/ :3 1:/8 1. ./238=/B ;8623268
3 ./<=6 <6.6 6 <6783 ;/8/ 83<3738 /: ;/0</9/:- <1=9/096 ;/8/ 056 7/238 0/: 7689/: 96 3=>6
;T: / 93:.602/D3.- 6 3=>6 93A38L :38 D1/89/96 3. B6</B :3D186 ;/8/ 056 :6J838 3.;30/.3026:
61 61286: 9/06:- 3:;3<=/B.3023 :3 6 3=>6 J68 .1=26 <6.;8=96

1@1@) ' 8 O
.602/D3. 93 3=>6: 3>=D3 /230456- 68D/0=O/456 3 B=.;3O/ 8=D686:/
B?. 93::3: J/2683:- 6: :3D1=023: <1=9/96: 93A3856 :38 67:38A/96:S
• J321/8 B=.;3O/ /7:6B12/ 96 <60C1026 3 96 3=>6 ;/8/ 9=.=01=8 6 93:D/:23 ;68 /78/:56
• 56 ;38.=2=8 / ;83:304/ 93 030@1. /88/0@56 06 3=>6 ;/8/ 056 <6.;86.3238 :31
J10<=60/.3026 3 056 ;86A6</8 9/06: 06 ./0</B
• 6B6</8 6: 832302683: <1=9/96:/.3023 ;/8/ 056 ;86A6</8 93:D/:23: 06 3=>6 3 A/O/.3026:
93 B178=J=</023
• 56 ;38.=2=8 / ;83:304/ 93 030@1./ 837/87/ 06 3=>6
• 38=J=</8 :3 /: 26B38Y0<=/: 9/: .39=9/: 96 3=>6 3:256 <68832/: 1:/096 ;/E1H.3286 61
.=<8Z.3286
• 8? B178=J=</8 269/: /: ;34/: ;/8/ E13 3B/: 056 :6J8/. 93:D/:23: /2? 6 =0:2/023 9/
<@3D/9/ 96 B178=J=</023 E1/096 / .LE1=0/ J68 ;6:2/ ;/8/ J10<=60/8

1@1@+ ' BA C A O
: 3=>6: :6J83. 96=: 2=;6: 93 9/06:S E1378/ 3 93:D/:23
E1378/ ? </1:/9/ ;68 :6783</8D/ 61 J/9=D/ :6783</8D/ ? 6 83:1B2/96 93 1. 28/7/B@6
83/B=O/96 /B?. 9/ </;/<=9/93 93 83:=:2F0<=/ 96 3=>6 J/9=D/ ? / ;389/ 93 83:=:2F0<=/ :6J8=9/
;3B6 ./238=/B 96 3=>6- 93A=96 V: :6B=<=2/4G3: 06 93<68838 96 23.;6
93:D/:23 93 1. 3=>6 ? </1:/96 ;3B6: :3D1=023: J/2683:S
• 0D8=;/.3026 96 86B/.3026W
• B36 B178=J=</023 <602/.=0/96W
 • ><3::6 93 230:56 0/ <6883=/- 06 </:6 93 3=>6: L8A683 /<=60/96: ;68 <6883=/:W
• 389/ 93 9183O/ ;68 :1;38/E13<=.3026W
• $/B2/ 93 B178=J=</023

4 2 * 5

@/A32/ ? 1. <68;6 ;8=:.L2=<6 E13 ;693 238 J/<3: ;/8/B3B/: 61 =0<B=0/9/:- 3. J10456 9/ D8/093O/
96 3:J6846 3 2=;6 93 .6A=.3026 E13 93A3 28/0:.=2=8 X <60:281H9/ 068./B.3023 93 /46
10=56 ;68 <@/A32/ ? 1. 2=;6 93 10=56 93:.602LA3B- E13 ;38.=23 V: L8A683: 28/0:.=2=83. :31:
.6A=.3026: / 61286: T8D56:- 2/=: <6.6 30D830/D30: 3 ;6B=/:

4@#@#' A L >
L > L = 7 ',7'#&#?
.;83D/9/ ;/8/ 10=8 3B3.3026: 93 .LE1=0/: E13 93A3. D=8/8
693 :38 <6. </734/ 61 :3. </734/- ;/8/ J/<=B=2/8 :1/ .602/D3. 3 93:.602/D3. 1/ =0<B=0/456
? 93 S !!- 6 E13 ;38.=23 1. /C1:23 J=8.3 30283 /: ;/823:

;8=0<H;=6 9/ 28/0:.=::56 ? ;3B/ J684/ 93 /28=26 30283 /: J/<3: 9/ <@/A32/ 3 6 J1096 96 8/:D6
96: 3B3.3026:- 93A3096 @/A38 1./ ;3E130/ J6BD/ 0/: B/238/=:

/A3096 J6BD/ 30283 6: 9=Y.3286: 9/ L8A683 3 96 3B3.3026 .6A=96- / =0<B=0/456 9/ <@/A32/

;86A6</8L 0/ .602/D3. 1./ 93238.=0/9/ 3><3028=<=9/93- 056 :3096- ;682/026 /<60:3B@/96 6 :31
3.;83D6 3. .602/D30: ;83<=:/: 61 93 /B2/ 862/456
 J=D18/ / :3D1=8 .6:28/ 6 .696 93 :/</8 / <@/A32/ <6. </734/ S

L > O = #+#E +6V 044)?

X / <@/A32/ ./=: <6.1. 3 :1/ J68./ <6883:;6093 /6 2=;6 ./=: :=.;B3: 93 <@/A32/ 93 <10@/ /8/
J/<=B=2/8 :31 3.;83D6- 6 8/:D6 9/ L8A683 ? :3.;83 ./=: <6.;8=96 E13 / <@/A32/
.H0=.6 g <6.;8=.3026 9/ <@/A32/

L > ' = #+) +6&?

1/ 7/:3 ? <Z0</A/ M<6. 6 .3:.6 8/=6 96 3=>6N 1/ =0<B=0/456 ? 93 S !!- <6. 61 :3. </734/
56 ? 03<3::L8=6 8/:D6 0/ L8A683- ;6=: 28/0:.=23 6 .6A=.3026 ;68 3J3=26 96 /28=26- 93 J68./ E13-
E1/096 6 3:J6846 06 3B3.3026 <6091O=96 ? .1=26 D8/093- / <@/A32/ 93:B=O/ :6783 / L8A683
 L > A = #+& +6#?
X :=.=B/8 / <@/A32/ 30</=>/9/- 23096- ;68?.- 06 B1D/8 93 1. 8/:D6 0/ L8A683- 1. 837/=>6 ;B/06
1/ =0<B=0/456 ? 93 S !! <6. 61 :3. </734/
31 3.;83D6 ? 8391O=96- ;6=: :38A3 :6.3023 ;/8/ / 28/0:.=::56 93 ;3E130/: J684/:

L > 8 = &04 &1#?

X J68./9/ ;68 1. ;/8 93 <10@/: <6. =0<B=0/456 93 S&! / S !! 3. </9/ 8/:D6 56 :3.;83
12=B=O/9/: 91/: <@/A32/: 3 6: 8/:D6: :56 ;6:=<=60/96: / !n
93:=D0/456 2/0D30<=/B ? 93A=96 / :1/ ;6:=456 3. 83B/456 /6 3=>6 68 =::6- 3 ;3B6 ;6:=<=60/.3026
M1./ <6028/ / 6128/N- ? .1=26 <6.1. 6 :31 3.;83D6 ;/8/ 28/0:.=::56 93 D8/093: J684/:- 3 06:
</:6: 3. E13 6 :302=96 93 862/456 :3 /B2380/

L > >
;B=</9/ 3. 10=G3: 93 T8D56: E13 28/0:.=23. .6A=.3026: 056 :T 862/2=A6: <6.6 2/.7?.
832=BH036: /B2380/2=A6:
+1/096 ? 3.;83D/9/ 3. 10=G3: ;38./03023:- :1/ =0<B=0/456 A/8=/ 30283 S 3 S ! 3 / 10=56
03<3::=2/ 93 .602/D30: 3 93:.602/D30: J83ER3023:- / =0<B=0/456 ;693 :38 93 S& / S
1;B/ M=0<B=0/456 06: 96=: B/96:N
=.;B3: M=0<B=0/456 3. 1. B/96N

L > A = &06?
X 068./B.3023 3.712=9/ 3 :1/: J/<3: :56 ;/8/B3B/:- :3. E1/BE138 <60=<=9/93 8/:D6 ;/8/ 6 :31
/B6C/.3026 23. 6 :31 <6.;8=.3026
: <@/A32/: 3.712=9/: 010</ 2F. </734/ 3 :1/ ;83<=:56 93 /C1:23 ? 0/: B/238/=:- @/A3096 1./
;3E130/ J6BD/ 30283 6 ;6026 ./=: /B26 9/ <@/A32/ 3 6 J1096 96 8/:D6 3B3.3026 <6091O=96

&
 28/0:.=::56 96 .6A=.3026 3 9/: J684/: ? J3=2/ ;3B6 /C1:23 93 :1/: J/<3: B/238/=: <6. /: 96
8/:D6 9/ <@/A32/
<@/A32/ ;/8/B3B/ A/8=/ E1/026 V J68./ 93 :31: 3>283.6: M8326: 61 /8839609/96:N 3 E1/026 V
E1/02=9/93 93 3B3.3026: 93 J=>/456 V L8A683
3B6 J/26 93 / <@/A32/ ;/8/B3B/ ;86;68<=60/8 1. /C1:23 ;83<=:6 0/ L8A683 056 6<6883
3><3028=<=9/93- ;693096- 30256- :38 12=B=O/9/ ;/8/ 862/4G3: ./=: 3B3A/9/: X 7/:2/023 1:/9/ 06:
</:6: 3. E13 6 3B3.3026 <6091O=96 ? .TA3B

L > ' A Y CC = +60 0444?

X 1./ A/8=/023 9/ <@/A32/ ;/8/B3B/- ;68?. 83<373 3::3 06.3 ;68E13 :1/ J68./ <6883:;6093 / 1.
:3D.3026 <=8<1B/8
X <6.1.3023 3.;83D/9/ 3. 3=>6: <Z0=<6: ;68 J/<=B=2/8 / .602/D3. 3 :3 /9/;2/8 / <60=<=9/93 96
J1096 96 8/:D6 96 3B3.3026 3>23806

" "'

X 1. 3B3.3026 1:/96 ;/8/ =.;39=8 6 93:B6</.3026 />=/B- ;6:=<=60/8 61 B=.=2/8 6 <18:6 93 1./ ;34/
93:B=O/023 :6783 1. 3=>6 60@3<=96 2/.7?. ;68 /03B 93 83230456- 93 28/A/ 61 93 :3D18/04/
O > 8 O
$/78=</96 93 /46 ;/8/ .6B/:- 23. / J68./ 93 /03B =0<6.;B326- E13 :3 /B6C/ 3. 1. </0/B <=8<1B/8
<60:281H96 <60J68.3 068./B=O/456

4@&@# ' A H A :K
;B=</456S ;/8/ 3=>6: <6. 9=Y.3286 30283 3 !!!.. 8/7/B@/ 3>2380/.3023 (

(
;B=</456S ;/8/ J186: <6. 9=Y.3286 30283 )- 3 !!!..
8/7/B@/ =02380/.3023 (

;B=</456S ;/8/ 3=>6: <6. 9=Y.3286 30283 3 .. 8/7/B@/ 3>2380/.3023 &())

;B=</456S ;/8/ 3=>6: <6. 9=Y.3286 30283 3 )!.. ;/8/ 86B/.3026:

0?=: 93 :3<456 <=8<1B/8 ;/8/ ;3E1306: 3:J6846: />=/=:

4@&@& A C :K
>3.;B6 93 2/73B/

)
4@&@) ' < :; H
9183O/ 96 /03B 93A3 :38 /93E1/9/ /6: 3B3.3026: E13 28/7/B@/. <6. 3B3W
3 6 /03B /;83:302/8 /BD1./ J/B@/- ;693 :38 93A=96 / 93J3=26: 93 J/78=</456 61 <609=4G3:
93 6;38/456W
: <609=4G3: 93 6;38/456 :56 </8/<238=O/9/: ;68 .3=6 93 A=78/4G3:- =.;/<26- JB3>56- /B2/
23.;38/218/ 61 /28=26 3><3::=A6W

&!
 . ;86C326 ;693 3:2/8 388/96S ;83A=/- ;68 3>3.;B6- 3:J6846: 3:2L2=<6:- ./: /: <609=4G3:
93 28/7/B@6 D38/8/. 3:J6846: 9=0Y.=<6:- J/O3096 <6. E13 6 /03B /;83:302/::3 ;867B3./:
E13 9=J=<1B2/8/. :31 /B6C/.3026W
=D1/B9/93 93 ;83::56 3. A6B2/ 9/ </0/B32/ /::3D18/ /938F0<=/ 3 83:=:2F0<=/W
/03B 010</ 93A3 3:2/8 :6B26- ./: /B6C/96 06 J1096 9/ </0/B32/- <6. <382/ ;83::56W
:1;38JH<=3 96 /03B 93A3 3:2/8 B=A83 93 837/87/:- J=::18/: 3 6>=9/4G3:W
. /;B=</4G3: :1C3=2/: V <6886:56- 6: /0?=: 93A3. 83<3738 28/2/.3026 /02=<6886:=A6
/93E1/96W
=.30:=60/.3026 <688326 96 /03B 3 96 /B6C/.3026W
. </:6: 93 /0?=: 93 :3<456 <=8<1B/8- 12=B=OL B6: /;30/: 1./ A3OW
2=B=O/8 J388/.302/: /93E1/9/: ;/8/ 3A=2/8 E13 6 /03B J=E13 26826 61 83<37/ 3:J6846:
3>/D38/96:W
602/8 6 /03B <6. / /738218/ /;602/096 ;/8/ 3:J6846: .30683:- E1/096 ;6::HA3BW
10</ :17:2=21=8 1. /03B 068./B=O/96 ;68 1. ]3E1=A/B3023I- J3=26 93 <@/;/ 61 /8/.3 :3.
<8=2?8=6:

: 10=G3: 86:</9/: :56 :17.32=9/: / A=78/4G3: 3 ;693. :6B2/8 :3 ;68 3::/ 8/O56 /8/ 3A=2/8
=::6- <6B6</. :3 28/A/: 3 /8813B/: 0/: ;68</: 61 ;/8/J1:6:
>=:23. 96=: 2=;6: 93 28/A/:S
• 8/A/ ;68 J3<@/.3026 93 J68./ ? / ./=: :3D18/ 3 =.;393 6 /J861>/.3026 9/ 10=56

• 8/A/ ;68 J3<@/.3026 93 J684/: 3:2/ 28/A/ 3:2/73B3<3 1./ J684/ 93 <6.;83::56 30283
/: ;34/:- 6 E13 /1.302/ 6 /28=26 3 9=J=<1B2/ 6 /J861>/.3026 9/ 10=56- ./: 056 =.;393
262/B.3023 / :6B218/

&
X 1./ ;34/ D38/B.3023 <=BH098=</ 61 <Z0=</- 6</ 61 ./<=4/ E13 :38A3 ;/8/ /B=0@/.3026- J=>/456 3
28/0:.=::56 93 ;62F0<=/

: ;=06: :3 9=J3830<=/. ;68 :1/: </8/<238H:2=</: 93 12=B=O/456- J68./- 26B38Y0<=/: 9=.30:=60/=:-

/</7/.3026 :1;38J=<=/B- ./238=/B 3 28/2/.3026 2?8.=<6

4@+@#' , B A
=06 93 /C1:23 MD1=/N 23.;38/96
X J3=26 93 /46 ;8/2/ 61 :=.=B/8 3 ? 23.;38/96- 83A30=96 3 832=J=</96 693 83:=:2=8 / D8/093:
3:J6846: 28/0:A38:/=: 3 ? 1:/96 3. 9=A38:/: .602/D30:- D38/B.3023 /::6<=/96 / ;/8/J1:6: 3
;8=:=603=86:

&
 =06 93 :3D18/04/
X 1:/96 ;8=0<=;/B.3023 3. .LE1=0/: J388/.302/: <6.6 ;=06 93 <=:/B@/.3026- =:26 ?- 3. </:6 93
:6783</8D/ 3::3 ;=06 :3 86.;3 ;/8/ E13 056 E13783 1. <6.;603023 93 ./=68 =.;682Y0<=/

=06 93 10=56
3. J104G3: :3<109L8=/: <6.6 3. 9678/9=4/: ;/8/ </=>/: .32LB=</: 3 .TA3=:

4@+@& ' , ]
$3=26 D38/B.3023 93 /46 ;8/2/- ? 23.;38/96 61 056 3 832=J=</96
3. ;68 9=Y.3286 06.=0/B 6 9=Y.3286 .3068- ;/8/ E13 :3 1:3 / 786</ <6. 3::/ .39=9/ /023: 93
</B=78/8 <6. /B/8D/968

>=:23. ;=06: <Z0=<6: <6. 3>283.=9/93 86:</9/ / J=. 93 ./02F B6: J=>6: 3. </:6: 93 A=78/4G3:
61 :/<L B6: 3. J186: <3D6:

&
 ;=06 <Z0=<6 23. B/8D6 3.;83D6 0/ <60:281456 93 .LE1=0/:- ;6=: ;38.=23 .1=2/: 93:.602/D30:
:3. ;83C19=</8 6 /B=0@/.3026 96: <6.;603023:W /B?. 96 E13 ? ;6::HA3B <6.;30:/8 3A3021/B
93:D/:23 61 /B/8D/.3026 96 J186

4@+@-' ,
:1;38JH<=3 3>2380/ 96 ;=06 3:28=/96 /;83:302/ 28F: 302/B@3: 3 83:;3<2=A6: 8376896: J68./ 3
6 <6.;8=.3026 96 302/B@3: 93238.=0/. 6: 2=;6: 93 ;=06: 1:6 93:23: ;=06: 9=:;30:/ 6
/</7/.3026 3 / ;83<=:56 96 J186 /B/8D/96

4@+@0' , J C
/.7?. <60@3<=96 <6.6 ;=06 3BL:2=<6- ? J/78=</96 93 J=2/ 93 /46 ;/8/ .6B/ 3086B/9/ +1/096
=028691O=96- / J309/ ;38./03<3 /7382/ 3 3BL:2=</ D38/096 6 /;3826
:23 3B3.3026 23. D8/093 3.;83D6 <6.6 ;=06 93 J=>/456- ;=06 93 /C1:23 3 ;=06 93 :3D18/04/ 31
1:6 9=:;30:/ 6 J186 /B/8D/96

L 1. ;=06 3BL:2=<6 3:;3<=/B <@/./96 6003>- <6. J309/ 6091B/9/ <1C6: </026: 3:256 6;6:26:
30283 := :26 ;86;68<=60/ 1./ J684/ 93 /C1:23 ./=68 3. 83B/456 /6 ;=06 3BL:2=<6 <6.1.

4@+@1' A L A
8/2/ :3 93 1. /8/.3 93 :3<456 :3.=<=8<1B/8 9678/96 93 2/B J68./ / 67238 :3 1. <68;6
<=BH098=<6 3 1./ </734/ <1;=B@/ ? 1:/9/ ;8=0<=;/B.3023 ;/8/ 28/A/8 ;68</: </:23B6

S . ;=06 E1/BE138 /6 :3 E1378/8 93A3 :38 :17:2=21H96 ;68 61286 <6. /: .3:./:
</8/<238H:2=</: 93 J68./- ./238=/B- 28/2/.3026 3 /</7/.3026

&
 $ - "

/8/J1:6:- ;68</: 3 /8813B/: :56 ;34/: .32LB=</: 93 A=2/B =.;682Y0<=/ 0/ 10=56 3 J=>/456 96: ./=:
9=A38:6: 3B3.3026: 93 .LE1=0/ 68 :1/ =.;682Y0<=/- / 3:;3<=J=</456 <6.;B32/ 93 1. ;/8/J1:6 3
:1/ ;68</ 30DB67/ 6: .3:.6: =230: <673826: ;3B6 ;86C326 93 1. 3B3.3026 93 .LE1=0/- 61 :3C/S
./238=/B- 28/2/.3026 2?8.=<6- 9=.30:=60/.3026- 26B38Y0<=/:- /J/:2/.3026: 3 /</7/.3026

4@-@# ' , C
;/8/J1:6 ? J68./96 ;68 1. <68;6 <=BH098=<6 86:</96 3 ;68 1./ </734/ E13 ;693 :38 @3>/D60/B-
:3>2/A/9/- E1/98/9/ 61 839609/

; A C
: 9=.30:G3: ;8=0<=;/=: 96: ;/8/J1:6: :56S
=Y.3286 3>23806 61 ./=68 9/ 86:</W
6.;8=.3026 96 <68;6W
6.;8=.3026 9/ 86:</W
B218/ 9/ </734/W
=:2Y0<=/ 96 @3>LD606 30283 ;B/06: 3 /83:2/:
<6.;8=.3026 96 ;/8/J1:6 83J383 :3 /6 <6.;8=.3026 96 <68;6

A A C
: ;/8/J1:6: ;693. :38S
3. ;68</W
6. ;68</W
8=:=603=86W
BB30W
3 ;602/ /21/023

/8/J1:6 :3. ;68</S 6: </:6: 6093 056 @L 3:;/46 ;/8/ /<6.69/8 1./ ;68</- 3:2/ ;693 :38
:17:2=21H9/ ;68 1. J186 <6. 86:</ 3. 1./ 9/: ;34/: 10=56 9L :3 /28/A?: 9/ ;/::/D3. 96
;/8/J1:6 ;68 1. J186 ;/::/023 0/ ;8=.3=8/ ;34/ 3 86:E13/.3026 06 J186 <6. 86:</ 9/ :3D109/
;34/ : ;/8/J1:6: ;693. 238 86:</ 61 262/B 61 ;/8<=/B

/8/J1:6 <6. 86:</ ;/8<=/B

$=>/456 <6. ;/8/J1:6

/8/J1:6 <6. 86:</ 262/B

&
 /8/J1:6 <6. ;68</S d : A3O3:- / 10=56 30283 /: ;34/: ? J3=2/ <6. 6 /1>HB=6 93 ;68</: 3 /8813B/:
3::3 </:6- 6 ;/8/J1:6 <6. ;68</ ? <@/./96 ;/::/023

$=>/456 ;/8/J1:6 <6. ;68</ >3.;B6: 93 ;/8/J1:6: <6. ;68</:

/8/J1:6 ;8=:=603=86S ;/8/J1:6 ;8=:=603=86 ? 3.;83D/96 E1/096 :3 03<3::=2/ .602/8 3

93:.602/8 ;/8/J1:6 :3. ;68</ / =0238A/B6: J83ER3023: 60:=:23 01./ 7/88/ 93 :3456 <=8<1B/8
<6. 86:</: 0/: 91/: 3>283.=9/93:

>3.;B6 93 ;/8/J1:6 ;8=:=603=86

$=>/456 ;68 ;/8/J1:6 ;8=:=603=86

/8/J1:6 BB30S ;/8/J1:6 BB30 ? J/78=</96 <6. /46 93 /B2/ 83:=:2F0<=/ V 28/456 3 :17.32=96 /
1. 28/2/.3026 2?8.=<6 /;T: / <60J68./456 6::1= 1. J186 @3>/D60/B 93 /;3826 0/ </734/- E13 ?
D38/B.3023 <=BH098=</ 3 83</82=B@/9/ /8/ 6 /;3826- 12=B=O/::3 1./ <@/A3 3:;3<=/BS / <@/A3 BB30

$=>/456 ;68 ;/8/J1:6 /BB30

/8/J1:6 602/ 21/023S ;/8/J1:6 93 ;602/ /21/023 056 23. </734/ 3 :38A3 ;/8/ J=>/8 ;34/:
3. 3=>6: 6::1= J309/ 61 :3>2/A/96 =023806

>3.;B6 93 ;/8/J1:6 93 ;602/ /21/023

4@-@& ,
68</: :56 ;34/: 93 J68./ ;8=:.L2=</ 61 <=BH098=</- ;86A=9/: 93 1. J186 86:</96 6093 :56
/2/88/>/9/: /6 ;/8/J1:6 56 @3>/D60/=:- :3>2/A/9/:- E1/98/9/: 61 839609/: 3 :38A3. ;/8/ 9/8
/;3826 0/: 10=G3: 93 ;34/: 61- 3. /BD10: </:6:- ;/8/ /1>=B=/8 0/ 83D1B/D3.

&&
 A A
3>2/A/9/W
/:23B6W
3D/ M61 83./23NW
6876B32/W
6028/;68</:

68</ :3>2/A/9/S ;68</ :3>2/A/9/ ? 6 2=;6 ./=: <6.1.- 1:/9/ ;/8/ J=>/8 6: ;/8/J1:6: 0/:
;34/:

>3.;B6: 93 ;68</: :3>2/A/9/:

68</ </:23B6S ;68</ </:23B6 ? 1./ ;68</ @3>/D60/B <6. :3=: 302/B@3: 8/9=/=:- <6=0<=93023:
96=: / 96=:- E13 :3 /B=0@/. <6. 1. J186 06 ;/8/J1:6- 93 .696 E13 1./ <1;=B@/ ;6::/ :38 ;/::/9/
;/8/ 28/A/8 / ;68</

>3.;B6: 93 ;68</: </:23B6

68</ <3D/ M61 83./23NS 3::3 2=;6 93 ;68</- 1./ 9/: 3>283.=9/93: 96 J186 86:E13/96 ?
30<67382/- 6<1B2/096 / ;602/ 96 ;/8/J1:6- ;693096 :38 J3=2/ 93 /46 61 B/256 X D38/B.3023
<86./9/ 3 ;6::=7=B=2/ 1. /</7/.3026 93 76/ /;/8F0<=/

>3.;B6: 93 ;68</: <3D/:

68</ 76876B32/S 6::1= :/B=F0<=/: ;/83<=9/: <6. /:/: ;/8/ ;86;68<=60/8 6 /;3826 ./01/B
38/B.3023 J/78=</9/ 3. /46 61 B/256- 3::3 2=;6 93 ;68</ ? 3.;83D/96 E1/096 / .602/D3. 3 /
93:.602/D3. 9/: ;34/: :56 03<3::L8=/: 3 J83ER3023:

>3.;B6 93 ;68</ 76876B32/

6028/;68</:S : ;68</: :1C3=2/: / </8D/: 93 =.;/<26 3 A=78/456 /;83:302/. 2309F0<=/ /

/J861>/8- 6 E13 ;693 </1:/8 9/06: V: .LE1=0/: . 96: .3=6: 93 28/A/8 1./ ;68</ ? /28/A?: 96

&(
/;3826 93 6128/ ;68</ <6028/ / ;8=.3=8/ 68 .39=9/ 93 3<606.=/ 12=B=O/ :3 1./ ;68</ ./=: J=0/- 3
;/8/ :1/ 28/A/456 :56 03<3::L8=/: 91/: <@/A3: 93 76</

8/A/.3026 ;68 <6028/;68</

4@-@)
56 ;34/: <=BH098=</:- 93 ;61</ 3:;3::18/- <6. 1. J186 06 <30286- ;3B6 E1/B ;/::/ 6 <68;6 96
;/8/J1:6 : /8813B/: :38A3. 7/:=</.3023 ;/8/S
8623D38 / :1;38JH<=3 9/: ;34/:W
A=2/8 93J68./4G3: 0/: :1;38JH<=3: 93 <602/26W
A=2/8 E13 / ;68</ /J861>3W
1;8=.=8 J6BD/: />=/=: M=:26 ?- 06 :302=96 96 3=>6N 0/ .602/D3. 9/: ;34/:W
A=2/8 93:D/:23 9/ </734/ 96 ;/8/J1:6 61 9/ ;68</

./=68=/ 9/: /8813B/: ? J/78=</9/ 3. /46- ./: 6 B/256 2/.7?. ? 3.;83D/96W 03:23 </:6- :56
12=B=O/9/: <6. ;68</: 3 ;/8/J1:6: 93 B/256
: /8813B/: 93 <6783- /B1.H0=6- J=78/ 3 <6186 :56 3>230:=A/.3023 1:/9/: 0/ A39/456 93 JB1=96:

A
: 28F: 2=;6: 93 /8813B/ ./=: 1:/96: :56S
8813B/ B=:/W
8813B/ 93 ;83::56W
8813B/ 3:283B/9/

8813B/ B=:/ M61 ;B/0/NS 38/B.3023 ? J3=2/ 93 /46 3 ? 1:/9/ :67 1./ ;68</ ;/8/ 3A=2/8 9/06: V
:1;38JH<=3 3 9=:28=71=8 / J684/ 96 /;3826
: /8813B/: 93 E1/B=9/93 =0J38=68- ./=: 7/8/2/:- :56 J18/9/: / ;/82=8 93 <@/;/: 7812/:- ./: /: 93
.3B@68 E1/B=9/93 :56 1:=0/9/: 3 2F. / 7689/ <@/0J8/9/ <6.6 /</7/.3026

>3.;B6: 93 /8813B/: B=:/:

8813B/ 93 ;83::56S /8813B/ 93 ;83::56 <60:=:23 3. 1./ 61 ./=: 3:;=8/: 93 .6B/ @3B=<6=9/B-
J3=2/ 93 /46 93 .6B/ 93 :3456 832/0D1B/8 +1/096 / ;68</ ? /;382/9/- / /8813B/ :3 <6.;8=.3-
D38/096 1./ D8/093 J684/ 93 28/456 30283 / ;68</ 3 / :1;38JH<=3

>3.;B6 93 /8813B/ 93 ;83::56

&
 8813B/ 3:283B/9/ M61 /8813B/ 93 ;83::56 :388=B@/9/NS ? 93 93023: 93 /46 93 .6B/: 3 <60:=:23 3.
1. 9=:<6 /01B/8 ;86A=96 93 93023: /6 B60D6 96 9=Y.3286 =023806 61 9=Y.3286 3>23806 : 93023:
:56 268<=96: 3 J68./. ;602/: /D14/9/: +1/096 / ;68</ ? /;382/9/- 6: 93023: :3 /;B/=0/.
;30328/096 0/: :1;38JH<=3: 9/ ;68</ 3 9/ ;34/ 3. <602/26 /8813B/ 3:283B/9/ <6. 93023:
3>23806: ? 3.;83D/9/ 3. <60C1026 <6. ;/8/J1:6: 93 </734/ <@/0J8/9/

>3.;B6: 93 /8813B/: 3:283B/9/:

6 ' 2 /

56 3B3.3026: 93:2=0/96: / ;8623D38 .LE1=0/: 61 3E1=;/.3026: <6028/ / :/H9/ 93 BHE1=96: 3

D/:3:- 3 / 3028/9/ 93 :1C3=8/ 61 ;T 56 D3038=</.3023 <60@3<=9/: <6.6 C102/:- 832302683:-
D/>32/: 3 D1/80=4G3: : ;/823: / :383. A39/9/: ;693. 3:2/8 3. 83;61:6 61 .6A=.3026 ./
A39/456 93A3 83:=:2=8 / .3=6: E1H.=<6:- / </B68- / ;83::56- / 93:D/:23 3 / 30A3B@3<=.3026
. J10456 9/ :6B=<=2/456 /: A39/4G3: :56 J3=2/: 3. 9=A38:6: J68./26: 3 9=J383023: ./238=/=:

) " $

/N 39/456 3:2L2=</W
7N 39/456 9=0Y.=</

/N 39/456 3:2L2=</S 56 3>=:23 .6A=.3026 <60:=938/96 30283 /: ;/823 30A6BA=9/: 93:3.;30@6

96 3B3.3026 93 A39/456 93;3093 93 :1/ </;/<=9/93 93 ;8330<@38 6: 3:;/46: 30283 /: ;34/:
30A6BA=9/:

7N 39/456 9=0Y.=</S >=:23 .6A=.3026 93 E1/BE138 9/: ;/823: <6. 6 3B3.3026 93 A39/456

&)
6@#@# ' A >
>=:23 1./ D8/093 A/8=39/93 93 A39/9683:- 1./ A3O E13 :56 93:30A6BA=96: ;/8/ /230938 /6: ./=:
A/8=/96: ;86C326: 93 .LE1=0/: B?. 9=::6- ;6::13. 1./ 3068.3 D/./ 93 .39=9/: ;/8/ </9/ 2=;6
93 A39/968

>38<3. / A39/456 93 J68./ 3:2L2=</ 0/: .LE1=0/: 3 3E1=;/.3026: 56 J/78=</9/: / ;/82=8 93

AL8=6: ./238=/=: 3:<6B@=96: 93 /<6896 <6. 6 ;869126 / :38 A39/96 3 6 .3=6 3>23806 93 28/7/B@6-
/B?. 93 61286: J/2683: <6.6 ;83::56 =02380/ 96 ;869126 / A39/8- /</7/.3026 9/: :1;38JH<=3: /
A39/8- 30283 61286:
: C102/: ;693. :38 .32LB=</: 3 056 .32LB=</:

/238=/=: ;/8/ C102/: 056 .32LB=</:

3:<6B@/ 96 ./238=/B ;/8/ C102/ 056 .32LB=</ ? 9=J=<1B2/9/ ;3B/ 3>=:2F0<=/- 06 .38</96- 93 1./
D8/093 A/8=39/93 93 ./238=/=: <6. </8/<238H:2=</: :=.=B/83: B?. 9=::6- 06A6: ;869126: 61
A/8=/4G3: 93 ;869126: 3>=:23023: /;/83<3. J83ER3023.3023
X =.;8/2=<LA3B B=:2/8 2696: 6: ./238=/=:
/8/ :3B3<=60/8 1./ C102/ E1/286 <609=4G3: 7L:=</: 93A3. :38 /2309=9/:S
83::56 93 6;38/456W
$684/ 96: ;/8/J1:6:W
3:=:2F0<=/ /6 /2/E13 E1H.=<6 96 JB1=96 M<6886:56NW
3.;38/218/ 93 6;38/456

J/268 93 :38A=46 61 $/268 83::56 > 3.;38/218/ M > N ? 1. 76. ;6026 93 ;/82=9/ ;/8/
:3B3<=60/8 6 ./238=/B 93 1./ C102/ B3 ? 672=96 .1B2=;B=</096 :3 6 A/B68 9/ ;83::56 3. \ DJU<.f
;3B/ 23.;38/218/ 3. D8/1: <302HD8/96: 3 <6.;/8/096 :3 6 83:1B2/96 <6. 6: A/B683: 9/ 2/73B/ /
:3D1=8 3 6 A/B68 J68 ./=68 E13 !!!- 93A3 :38 3:<6B@=9/ 1./ C102/ .32LB=</

' , A ; L H
: ;/;3BG3: @=98L1B=<6: :56 =09=</96: ;/8/ J/78=</456 93 C102/: 93 A39/456 06: ./=: A/8=/96:
:3D.3026: =091:28=/=:- 12=B=O/9/: 3. JB/0D3: 93 2171B/456 61 93 3E1=;/.3026: 56 J/78=</96: /
7/:3 93 9=J383023: J=78/:- </8D/: 83J684/023: 3 61286: ./238=/=: 3:2LA3=: / /B2/: 23.;38/218/:-
B=D/96: <6. 3B/:2Z.386: /28/A?: 93 ;86<3::6 9=J3830<=/96 93 .=:218/ 3 </B/098/D3. : 8HD=96:
<8=2?8=6: 9=.30:=60/=: 3 93 E1/B=9/93 <60:2812=A/- 12=B=O/96: 3. :1/ J/78=</456- B@3:
<60J383. </8/<238H:2=</: 9=:2=02/: :3D1096 / J=78/ 3 3B/:2Z.386: 12=B=O/96: 3. :1/ <6.;6:=456
/ J/78=</456 96 ;/;3B56 @=98L1B=<6- J=78/: :=02?2=</:- <6.6 / /8/.=9/ M\ 3AB/8N- :56 .=:218/9/:
<6. 3B/:2Z.386: 3 61286: ./238=/=:- J68./096 1./ ./::/ A=:<6:/ :2/ ./::/ ? </B/098/9/ /
E13023 /2? / J68./456 93 1./ J6B@/ <6. /: </8/<238H:2=</: JH:=</: 3 9=.30:G3: 93:3C/9/:
J=78/- 6 3B/:2Z.386 61 / <6.7=0/456 93 3B/:2Z.386:- /9=2=A6:- / 23.;38/218/ 3 6 23.;6 93
;86<3::/.3026 :56 <6.7=0/96: 93 J68./ / 83:1B2/8 3. 1. ;/;3B56 @=98L1B=<6 <6. </8/<238H:2=</:
3:;3<HJ=</: ;/8/ </9/ /;B=</456
: J=78/: ;6::13. / J10456 3:281218/B- 93238.=0/096- ;8=0<=;/B.3023- /: </8/<238H:2=</: 93
3B3A/9/ 83:=:2F0<=/ .3<Y0=</ 3 2?8.=</ 96: ;/;3BG3: @=98L1B=<6:

(!
 : 3B/:2Z.386:- A1B</0=O/96: :67 ;83::56 <6. /: J=78/:- 93238.=0/. / 83:=:2F0<=/ E1H.=</ 96
;/;3B56 @=98L1B=<6- 9/096 B@3 2/.7?. /: :1/: </8/<238H:2=</: 93 JB3>=7=B=9/93 3 3B/:2=<=9/93
;/;3B56 D8/J=2/96 61 /02= /9383023 3A=2/ / /938F0<=/ /6 JB/0D3- J/<=B=2/096 / 286</ 9/ C102/-
E1/096 3:2/ ? J3=2/ <6. J83ERF0<=/
/8/ 3B3A/8 / 83:=:2F0<=/ .3<Y0=</ 6: ;/;3BG3: @=98L1B=<6: ;693. :38 83J684/96: <6. 23B/
.32LB=</ . <382/: /;B=</4G3: /: 230:G3: .3<Y0=</: :56 .1=26 /B2/: : 23B/: .32LB=</: :56
068./B.3023 93 /46 </87606- ;693096 :38 93 /46 =06>=9LA3B
;/;3B56 @=98L1B=<6 ? /9E1=8=96 ;68 .328/D3. ;/8/ <60J3<456 93 C102/: : C102/: 93 ;/;3B56
@=98L1B=<6 ;693. :38 /9E1=8=9/: ;8602/: 93 /<6896 <6. / 3:;3<=J=</456 96 J/78=</023 96
3E1=;/.3026 / A39/8

' :
<682=4/ ? 1. ;869126 B3A3- =.;38.3LA3B <6028/ BHE1=96: 3 D/:3:- 3 <6. .3.78/0/ JB3>HA3B- /
<682=4/ ? 6 ;869126 =93/B ;/8/ J/78=</456 93:93 86B@/: / :/BA/ A=9/:- 93 ;=:6 / C102/:- 861;/: /
;682/ <6;6:- ;682/ ;/03B/:- E1/986: 93 /A=:6 56 3>=:23 ;869126 :=.=B/8- :3C/ 0/218/B 61
/82=J=<=/B- <6. 269/: 3::/: </8/<238H:2=</: E13 :56 P0=</: 9/ <682=4/- B3A3- 83:=:23023 / J8=<456-
<6.;83::56- 3>;/0:56- =.;38.3LA3B- ./<=6- 056 /J109/- 32<
<682=4/ ? 672=9/ 9/ </:</ 9/ L8A683 <60@3<=9/ <6.6 ] 6.783=86I
L8A683 9/ <682=4/ <83:<3 ;8396.=0/023.3023 3. 6821D/B- :;/0@/ 3 06823 9/ ' J8=</ .
6821D/B 30<6028/ :3 !_ 96 262/B 9/ ;8691456 .109=/B- ;8=0<=;/B.3023 ;68 </1:/ 96 <B=./ 3 96
2=;6 93 :6B6 E13 ./02?. /: L8A683: <83:<3096 <602=01/.3023 02832/026 L8A683: 93 <682=4/
;693. :38 2/.7?. 30<6028/9/: 3. /BD10: ;/H:3: 9/ ' :=/
:2/ L8A683 23. 1./ </:</ E13 ? P0=</ 930283 269/: /: L8A683: 96 .1096 </:</ 9/ L8A683 ?
j93:</:</9/j 96 2860<6 3- 06A/.3023 0/:<3 1./ 6128/ </:</ 06 B1D/8 ::=.- 269/: /: L8A683: :56
1./ J6023 93 ./2?8=/ ;8=./
;8=.3=8/ </:</ ? 672=9/ E1/096 / L8A683 /2=0D3 /06: 93 =9/93 </:</ ;693 :38 3>28/H9/ 93
) 3. ) /06:- D38/456 /;T: D38/456 3 / L8A683 ;693 238 /2? !! /06: 93 A=9/ ./ L8A683 <6. !
/06: ;693 ;8691O=8 /2? !! KD 93 <682=4/ E1/096 3>28/H9/
J6B@/ 93 <682=4/ ? J/78=</9/ / ;/82=8 9/ :678/ 9/ 86B@/ </:</ ? .6H9/ 28/0:J68./096 :3 3.
D8/01B/96 93 <682=4/ E13- ? .=:218/96 <6.6 <6B/- 3 ? <6.;8=.=96 3. 1./ J68./- J68./096 :3
/::=. 1. 7B6<6 93 <682=4/ E13 068./B.3023 23. 6 2/./0@6 93 )!>&! <. ::3 7B6<6 ;6938L :38
B/.=0/96 M<682/96N 3. AL8=/: 3:;3::18/:- 93 !-() .. / ! .. ;/82=8 9/ J6B@/ 93 <682=4/ 6:
9=A38:6: J68./26: 93 C102/: ;693. :38 <60J3<<=60/96:

(
$68./2/456 9/ C102/
. </:6 93 J68./2/456 9/ C102/- 76/: ;8L2=</: 93A3. :38 /962/9/:- 2/=: <6.6S
6./8 <6.6 83J38F0<=/ / C102/ 12=B=O/9/ M./238=/B 3 J68./26NW
J68./2/456 3. 76/: <609=4G3: 9/ C102/ / :38 :17:2=21H9/ ;693 :38A=8 93 D/7/8=26 ;/8/
/ <60:281456 9/ 06A/W
8/4/8 6 J68./26 9/ 06A/ C102/W
60J3<<=60/8 12=B=O/096 J388/.302/B /;86;8=/96- 2/=: <6.6S 8?D1/- 3:E1/986- <6.;/::6-
3:2=B323- 23:618/ 3 A/O/9683: 0/: .39=9/: 96: J186: 3>=:23023: 0/ C102/ / :38 J68./2/9/

/O/9683:S 56 J388/.302/: 93 <6823 ;/8/ 3>3<1456 93 J186: 0/: C102/: 6::13. 9=Y.3286:
A/8=/96: ;693096 <60:2=21=8 C6D6:

' 7 L
1/ ;8=0<=;/B </8/<238H:2=</ ? / /B2/ </;/<=9/93 93 /7:68A38 =883D1B/8=9/93: 96: JB/0D3: 2=;6
93 JB1=96 3 / 23.;38/218/ 93 28/7/B@6 93238.=0/. / 7688/<@/ E13 :38L 12=B=O/9/S 0=28HB=</-
;6B=/<8HB=</- :=B=<603 61 JB1683B/:2Z.386
: C102/: .6B9/9/: 2F. B=.=2/9683: 93 ;83::56 ;/8/ B=.=2/456 93 268E13 3 3A=2/8 93J68./456 9/
7688/<@/- 3 0/ 3:281218/ .32LB=</ 93 83J6846 ? E13 ? /938=9/
:23 2=;6 93 C102/ 23. .3B@68 918/7=B=9/93 3 93:3.;30@6 96 E13 /: 93 <682=4/ 68 :38 .6B9/9/-
;693. :38 <8=/96: /82=JH<=6: 93 30D30@/8=/ <6.6 B/7=8=026: 93 A39/456- E13 9=J=<1B2/. / ;/::/D3.
96 TB36 ;/8/ 6 .3=6 3>23806 3 ;86;68<=60/. .3B@68 /<6.69/456 0/: :1;38JH<=3: A39/9/:

' ,H
:;3<=/B.3023 6: ;6BH.386: 96 2=;6 [B60- 3JB60- 6B=1832/06 3:256 :3096 </9/ A3O ./=:
12=B=O/96: ;3B/ :1/ </;/<=9/93 93 A39/456 3 83:=:2F0<=/ V 93238=68/456

(
' , I B => 'Q ?
56 ;869126: E1H.=<6: 3. ;/:2/ 1:/96: 3. :1;38JH<=3: 8P:2=</: 61 =883D1B/83: >=:23. 2=;6: E13
:3 38=D=::3. 3 :56 1:/96: ;/8/ /B2/ ;83::56 3 2=;6: :3.= :3<2=A6: E13 ./02F. / 3B/:2=<=9/93 ;/8/
<6.;30:/8 / 9=B/2/456 68./B.3023 J6803<=96: 3. 7=:0/D/: ;/8/ J/<=B=2/8 / /;B=</456 E13 056
93A3 <60238 3><3::6: 6893. 93 /;3826 96: ;/8/J1:6: 23. 93 :38 83:;3=2/9/ ;/8/ 10=J68.=O/8
/ ./::/

102/: .32LB=</:
$/78=</9/: 3. /46- /B1.H0=6 <6783 B/256 61 B=D/: :56 .1=26 12=B=O/9/: 0/ .3<Y0=</- 3:;3<=/B.3023
3. /;B=</4G3: :67 /B2/: 23.;38/218/:

602/D3. 93 C102/:

(
 X
:/96: 3. 9=A38:/: /;B=</4G3:- 2/=: <6.6 A39/4G3: 3. <6.;603023: @=98L1B=<6: 3 ;031.L2=<6:-
ALBA1B/: 3. D38/B- .62683: 93 <6.71:256 =02380/- 30283 6128/: 693. :38 1:/96: ;/8/ A39/456
3BL:2=</ 61 9=0Y.=</ 6::13. 6: ./=: A/8=/96: J68./26:S 3. ] I- 3. ] I- 3. ] I- :3456 E1/98/9/-
832/0D1B/8- 30283 6128/:

' 9 M= 8?
. 238.6: 93 93:30A6BA=.3026 @1./06 3. <6=:/: 9/ .3<Y0=</- 6 c =0D ? 1. 93:30A6BA=.3026
83B/2=A/.3023 83<3023 . .3/96: 96 :?<1B6 % - c =0D: 93 J3886 J109=96 J68/. 1:/96: <6.6
A39/023: 3. <=B=0986: / A/;68 /=: 2/893- 06 .3:.6 :?<1B6- J6= ;/23023/96 6 1:6 93 1. c =0D
83:=B=3023 3. 1./ 26803=8/
3:23 </:6- J6= 3:;3<=J=</96 1. </0/B 3><3;<=60/B.3023 B60D6- 93A3096 6 c =0D 86B/8 918/023 6
.6A=.3026 30283 /: ;/823:
93:30A6BA=.3026 96 c =0D <6.6 0T: 6 <60@3<3.6: @6C3- J6= J3=26 ;68 "
- E13 6723A3 ;/23023: 06: 3 /0/9L ;/8/ <382/: /;B=</4G3:
93:<678=.3026 9/ 7688/<@/ 0=28HB=</ :=02?2=</ M 10/ N J6= 1./ =.;682/023 <6028=71=456 ;/8/ 6
93:30A6BA=.3026 ;6:238=68 96 c =0D 68 A6B2/ 93 ) !- 268061 :3 18D3023 / 03<3::=9/93 93
;8691456 ./<=4/ ;/8/ /230938 6 3:J6846 93 D1388/- 6 E13 93./09/A/ 3:2/09/89=O/456- 3<606.=/ 3
.3B@68/.3026: 06: ;869126: 3 .?2696: 93 ;8691456 3>=:23023:
$6= 03:2/ 6;68210=9/93 E13 :3 =0=<=61 1./ D8/093 3>;/0:56 06 1:6 93 c =0D: 6C3 6 c =0D ?
;86A/A3B.3023 6 ./=: A38:L2=B 9=:;6:=2=A6 93 A39/456 <60@3<=96
B3 6J383<3 1./ :?8=3 93 A/02/D30: :6783 61286: .?2696: 93 A39/456 01./ D8/093 A/8=39/93 93
/;B=</4G3:
: c =0D: ;38.=23. @6C3 / J/78=</456 93 ;869126: E13 ;38./03<38=/. 06: :60@6: 96:
;86C32=:2/:- </:6 3B3: 056 3>=:2=::3.

$
. c =0D ? 1. 67C326 2686=9/B- D38/B.3023 J3=26 93 3B/:2Z.386- 3.768/ /BD10: ./238=/=: 2/=:
<6.6 ;BL:2=<6 3 .32/=: :3C/. /BD1./: A3O3: 12=B=O/96:

* :; U" 8
3B/:2Z.386 ? <60J=0/96 06 /B6C/.3026- 3 J684/96 / .6B9/8 :3 3 ;8330<@38 /: =883D1B/8=9/93:
9/ :1;38JH<=3 9/: ;/823: 3 E1/BE138 J6BD/ 3>=:23023- <8=/096 93::/ ./03=8/ 30283 /: ;/823: /
<609=456 93 ]J6BD/ O386I- ;86.6A3096 6 3J32=A6 7B6E13=6 96 JB1=96 </8D/ E13 J684/ 6 c =0D /
/.6B9/8 :3 ? J6803<=9/ .3</0=</.3023 ;3B6 ]/;3826I D38/96 ;3B6 93:30@6 /;86;8=/96 96
/B6C/.3026 3 96 ./238=/B :3B3<=60/96- 3 ;3B/ ;83::56 96 :=:23./ 28/0:.=2=9/ ;3B6 ;8T;8=6 JB1=96
/6 3B3.3026 93 A39/456
3 J/26- ;693.6: 9=O38 E13 / A39/456 <6. c =0D: ? ];83::18=O/9/I- 93 .696 E13 E1/026 ./=68 /
;83::56 96 :=:23./- ./=: 3J32=A/ :38L / A39/456- /2? E13 6: B=.=23: JH:=<6: 96 3B/:2Z.386 :3C/.
3><39=96:- 3 6 c =0D <6.3<3 / :38 3>2819/96 /28/A?: 9/ J6BD/ 30283 /: ;/823: :2/ <609=456

(
;693- 302832/026 :38 3A=2/9/ ;3B6 ;86C326 /93E1/96 96 /B6C/.3026- :3B3456 93 ./238=/B- 3 ;3B6
1:6 93 /87/K: M/0?=: /02= 3>281:56N

A :K
: c =0D ;693. :38 12=B=O/96: 3. A39/4G3: 3:2L2=</: 61 9=0Y.=</:- <6.6 ;68 3>3.;B6- 0/
A39/456 93 ALBA1B/:- 7/:3: 93 ALBA1B/:- JB/0D3: 61 <=B=0986: @=98L1B=<6: 3 ;031.L2=<6:

/238=/B 96: c =0D

7 L
2? / ;61<6 23.;6- E1/096 269/: /: 7688/<@/: 38/. 93 68=D3. 0/218/B- 3 /: :=02?2=</:
<6.34/8/. / :38 3>;B68/9/:- 268061 :3 ;8L2=</ 068./B 83J38=8 :3 /6: ./238=/=: <6. ;86;8=39/93:
JH:=</: :=.=B/83: V: 9/ 7688/<@/ 0/218/B- <6.6 7688/<@/: 61 7688/<@/: :=02?2=</:
3:93 30256 0/ =09P:28=/ 3:230931 :3 6 1:6 93::3 238.6 7688/<@/- =0<B1=096 :3 03B3 269/: /:
7688/<@/: :=02?2=</: 3 2/.7?. / 0/218/B

]
/=: J68./B.3023 1. 3B/:2Z.386 ? 1. ./238=/B E13 ;693 :38- 61 23096 :=96 28/0:J68./96 ;/8/
1. 3:2/96 3>=7=096 ;61</ 93J68./456 ;BL:2=</- 83<1;38/ :3 8L;=9/ 3 E1/:3 <6.;B32/.3023 93
1./ J684/ 3>2380/ 93J68./023- 1./ A3O 3:2/ 3B=.=0/9/ /B ./238=/B- /023: 93 28/0:J68./4G3: ?
<@/./96 ./2?8=/ ;8=./ 61 7688/<@/ <81/
+1/096 6 /B26 ;6BH.386 ? <60A382=96 M:3. / /9=456 93 ;B/:2=J=</023: 61 61286: 9=B13023:N- ;3B6:
.3=6: /;86;8=/96: / 1. 3:2/96 3::30<=/B.3023 056 ;BL:2=<6- 3 23:2/96 V 23.;38/218/ /.7=3023
M / e N- 3B3 93A3 /230938 6: :3D1=023: 83E1=:=26: ;/8/ :38 <@/./96 93 3B/:2Z.386S
56 93A3 86.;38 E1/096 3:2=</96 / /;86>=./9/.3023 !!_
;T: 3:2=</96 / !!_ 3 ./02=96 /::=. ;68 .=0126: E1/096 83B/>/96- 93A3 832680/8 /6 :31
<6.;8=.3026 68=D=0/B <6. A/8=/456 056 :1;38=68 / !_

] JH C J :; U" 8 @
>=:23. 67A=/.3023 .1=26: 61286: 3B/:2Z.386: 3:;3<=/=:- ;/8/ 6: E1/=: / /8K38 23. J68.1B/4G3:
;8602/: 02832/026- 6: /E1= B=:2/96: /23093. 93 )! V ) _ 9/: 03<3::=9/93: 93 1:6 3 J/78=</456
93 c =0D:

B =7 ? ^ 7" ^
3A=96 / :1/ 3><3B3023 83:=:2F0<=/ /6: 938=A/96: 93 ;328TB36 3 / ;6::=7=B=9/93 93 :38 J68.1B/9/
;/8/ 28/7/B@6 01./ J/=>/ 93 23.;38/218/ 93 V ^ e - / 688/<@/ =28HB=</ ? / ./=:
12=B=O/9/ 0/: /;B=</4G3: =091:28=/=: 9/ /21/B=9/93 1=2/: 9/: 068./: .=B=2/83: ;/8/ B178=J=</023:
3 <6.71:2HA3=: 3:;3<=J=</. 3::3 ./238=/B <6.6 3B/:2Z.386 7L:=<6
60A?. 83::/B2/8 302832/026 E13 ;/8/ <60:3D1=8:3 1./ .3B@68 ;38J68./0<3 96 <6.;6:26 3.
7/=>/: 23.;38/218/:- E1/:3 :3.;83 :3 J/O 03<3::L8=6 :/<8=J=</8 :1/: </8/<238H:2=</: 93
83:=:2F0<=/ / TB36: 3 <6.71:2HA3=: / /B2/ 23.;38/218/ : <6.;6:26: =28HB=<6: :56 :1;38=683: V
./=68=/ 96: <6.;6:26: 06 26</023 V 93J68./456 ;38./03023- 83:=:2F0<=/ V /78/:56 3 8/:D/.3026
0383023.3023 3B3: 056 ;6::13. 76/ 83:=:2F0<=/ /6 OZ0=6- "1O 6B/8 3 =023.;?8=3:
3<6.309/ :3 6 1:6 93 688/<@/ =28HB=</ ;/8/S
(
 39/4G3: 3. D38/BW
B36: 3 $B1=96: V 7/:3 93 328TB36W
' D1/W
8/>/: 3 B36: 93 =B=<603W
"178=J=</023: V 7/:3 93 = :238 M " " ( ! NW
$B1=96: V 7/:3 93 2=B306 B=<6B M [986B17:N

, B ^ ^
:23 ./238=/B ? 83:=:23023 /6: TB36: 3 <6.71:2HA3=: 93 328TB36 X 2/.7?. =03823 /6 /2/E13 96
OZ0=6- >=9/456 3 "1O 6B/8- <6.7=0/096 <6. 83:=:2F0<=/ /6 28=0</.3026
6.;6:26: J3=26: <6. 7/:3 03:23 ;6BH.386 :56 1:/96: 3. :38A=46 <602H016 <6. TB36 E13023
8/7/B@/ <6. 23.;38/218/: 0/ J/=>/ 93 V ^ ((e 3 :1/ 83:=:2F0<=/ /6 /8 E13023 ?
B=D3=8/.3023 :1;38=68 V 9/: 7688/<@/: =28HB=</:- ./: 6 /B60D/.3026- / 93J68./456 ;38./03023 3
/ 83:=:2F0<=/ V LD1/ :56 =0J38=683: / 93 .1=26: 61286: ;6BH.386:
D8/093 1:6 93 c =0D: J/78=</96: 3. 6B=/<8HB=<6 3:2L 0/ =09P:28=/ /126.67=BH:2=</- J/78=</023:
93 28/0:.=::G3: /126.L2=</:- </=>/: 93 9=83456- 3 9=834G3: @=98L1B=</:- 1:/096 JB1=96: 96 2=;6
$ M 126./2=< 8/0:.=::=60 $B1=9N

* J =/ _ U, ? ^* ` ^
3B/:2Z.386 93 JB168</87606- J6= =028691O=96 3. .3/96: 9/ 9?</9/ 93 ! 3:93 30256 :31 1:6
23. <83:<=96 <60:2/023.3023 0/ =09P:28=/ 9/ A39/456 6093 6<1;/ B1D/8 93 D8/093 =.;682Y0<=/
3A=96 /6 B/8D6 3:;3<286 93 :1/ <6.;/2=7=B=9/93 E1H.=</ 3 D/./ 93 23.;38/218/ 93 28/7/B@6- 6
JB168 </87606 ? 6 ./=: :=D0=J=</023 3B/:2Z.386 93:30A6BA=96 0/ @=:2T8=/ 83<3023 60:=938/ :3
E13 3B3 28/7/B@/ 3. 23.;38/218/: E13 A/8=/. 93 ) V ^ ! e - ./: 3B3 ;693 :38 3>;6:26 /
23.;38/218/: 93 /2? ^ &e ;68 <1826 3:;/46 93 23.;6
. A39/4G3: 3:2L2=</: 3B3 23. :=96 12=B=O/96 3. 23.;38/218/: 93 e 6A6:
93:30A6BA=.3026: 2F. .3B@68/96 283.309/.3023 /: </8/<238H:2=</: 93 93J68./456 ;38./03023
93:23 12=BH::=.6 ./238=/B 6.;6:26: 93 $B168</87606 :56 12=B=O/96: 3. /126.TA3=:- /A=G3:- 3
61286: 3E1=;/.3026: 6093 :3 83E138 / .L>=./ 83:=:2F0<=/ / E1/BE138 93238=68/456 ;68 JB1=96:
3<6.309/ :3 6 1:6 93 JB168</87606 ;/8/S
B36: 93 328TB36W
"178=J=</023: 93 = :238 M " " ( !(- " " &! NW
8/>/: 3 $B1=96: 93 =B=<603W
=986</8760326: /B6D30/96: M 328/<B68326 93 /87606- 8=<B68632=B306NW
BD10: JB1=96: V 7/:3 93 X :238 $6:J/26W
' <=96:

, A = A _ U, ? ^ "^
2/.7?. <@/./96 :6.3023 <B686;8306 ;693 :38 J68.1B/96 ;/8/ 28/7/B@/8 / 23.;38/218/: 93
V ^ !e 1=26: 3B/:2Z.386: :56 83:=:23023: V 93238=68/456 ;3B6 TB36 93 ;328TB36 61 ;3B6
6>=DF0=6- 6 <B686;8306 ? 3><3;<=60/B ;3B/ :1/ 83:=:2F0<=/ / /.76: :23 /:;3<26 <6.7=0/96 <6. /
D/./ 93 23.;38/218/: 93 28/7/B@6 / E13 3B3 83:=:23 3 :31 7/=>6 <1:26- J/O3. 93::3 3B/:2Z.386
1./ 3><3B3023 6;456 06 ;86C326 93 A39/4G3:
:23 3B/:2Z.386 2/.7?. ? 3:;3<=/B.3023 =09=</96 ;/8/ A39/4G3: E13 28/7/B@3. 3. <602/26 <6.
LD1/ :/BD/9/
3<6.309/ :3 6 1:6 93 B686;8306 ;/8/S
$B1=96: 3J8=D38/023: M$8360:- .Z0=/NW
B36: 93 328TB36 <6. /B26 ;6026 93 0=B=0/W
' <=96: 78/096:a
"178=J=</023: 93 :238 :=B=</26

(&
 7 =7 ? ^ 7" ^
$6= 1./ 9/: ;8=.3=8/: 7688/<@/: :=02?2=</: 93:30A6BA=9/:- 3 ;68 =::6 .3:.6 :3 ;86<1861 9/8 B@3 /
.3:./ </8/<238H:2=</ 9/ 7688/<@/ 0/218/B- 23096- ;682/026 ;86;8=39/93: :3.3B@/023: V 7688/<@/
93 :38=0D13=8/
./ 93 :1/: ;8=0<=;/=: </8/<238H:2=</: ? / 3><3B3023 83:=:2F0<=/ V /78/:56 3 /B2/ 23.;38/218/-
;68?. CL 3:2L ;8/2=</.3023 3. 93:1:6 ;/8/ ;869126: 93 A39/456- J=</096 83:28=26 :31 1:6 /
/BD1./: /;B=</4G3: 3. J83=6: /126.62=A6:

, A ^ , ^
.768/ / =028691456 96 2=B306 86;=B306 0/ =09P:28=/ 9/ 7688/<@/ :3C/ 83B/2=A/.3023 83<3023
M )& N- :1/ /<3=2/456 06 .1096 9/: A39/4G3: J6= 1. :1<3::6 93A=96 / :1/ 3><3B3023 83:=:2F0<=/ /6
K[986B 3 61286: JB1=96: @=98L1B=<6: 96 2=;6 :238 $6:J/26
/=: 83<3023.3023- A3. :3096 3.;83D/96 3. B/8D/ 3:</B/ 0/ =09P:28=/ /126.62=A/ <6.6 1.
:17:2=2126 .3B@68/96 /6 :2=8306 12/9=306 0/: /;B=</4G3: 3.J83=6: /126.62=A6:
2=B306 86;=B306 28/7/B@/ 01./ J/=>/ 93 23.;38/218/ 93 V ^ !e 3 ;68 =::6 .3:.6
2/.7?. ? =09=</96 ;/8/ /;B=</4G3: 3. D38/9683: 93 A/;68
3<6.309/ :3 6 1:6 93 2=B306 86;=B306 ;/8/S
$B1=96: @=98L1B=<6: V 7/:3 93 :238 $6:J/26 M K[986B- $[8E13B- /[98/1BNW
/;68W
' D1/W
B36: 3 8/>/: 93 =B=<603W
' <=96: 9=B1H96:W
' B</B=: 9=B1H96:W
3260/:W
' B<66BW
$B1=96 93 J83=6 /126.62=A6

^ ^
: :=B=<603: :56 1. D81;6 93 ./238=/=: 3B/:26.?8=<6: 672=96: 96 =BH<=6- >=DF0=6- =986DF0=6 3
/87606
: :=B=<603: 2F. </8/<238H:2=</: ;6783: 93 230:56 93 81;218/- /B60D/.3026 3 83:=:2F0<=/ V
/78/:56 3 8/:D/.3026
6.;6:26: <6. 76/ </8/<238H:2=</ 93 /B60D/.3026 J68/. 93:30A6BA=96:- ;68?.- :31 /B60D/.3026
056 :3 <6.;/8/ /6 93 61286: <6.;6:26: 93 7688/<@/: :=02?2=</:
:=B=<603 :3 ./02?. JB3>HA3B / 23.;38/218/: 93 e 3 83:=:23 3. /B2/: 23.;38/218/: 93 /2?
^ e 3. :38A=46: <602H016: . ;38H696: <1826:- 3B3 23. :=96 1:/96 3. 23.;38/218/: 93 /2? ^
(!e
:=B=<603 056 ? 83<6.309/96 ;/8/ 1:6 3. /;B=</4G3: 9=0Y.=</: 93A=96 / :1/ ;6783 83:=:2F0<=/ V
81;218/- /78/:56 3 /B26 <63J=<=3023 93 /28=26

* ^* ^
/82=096 :3 96 .3:.6 <60<3=26 E13 D3861 6 :=B=<603- ./=: .69380/.3023 6723A3 :3 6
JB168:=B=<603- <60:3D1=096 :3 B=D/8 .6B?<1B/: 93 JB168 V </93=/ 96 :=B=<603
:23 /A/046 J6= ;83<=:6- 93A=96 V 03<3::=9/93 93 :3 .3B@68/8 / 83:=:2F0<=/ E1H.=</ 96 :=B=<603
83:1B2/96 J6= 1./ .3B@68/ /<3021/9/ 06 ;/8Y.3286 93 =0<@/.3026 3. <6.71:2HA3=:- 6 E13 A3.
D/8/02=096 6 3.;83D6 93:23 ./238=/B 3. <6.;603023: 93 2171B/456 93 <6091456 93 <6.71:2HA3B 3
93 =0C3456 3B328Z0=</ 0/ =09P:28=/ /126.67=BH:2=</

A C :; A 9 M
: /0?=: 93 A39/456 :56 3:;3<=J=</96: ;3B6 9=Y.3286 =023806 M N- ;3B6 9=Y.3286 9/ :3456
8/0:A38:/B Mp N 3 6 2=;6 93 ./238=/B M<6.;6:26N

((
 C A ; J A 9 M@

/ ;6::=7=B=9/93 93 3>281:56 96 A39/968- /0?=: /02= 3>281:56 93A3. :38 =0:2/B/96:- <60J68.3
J=D18/ /7/=>6

: 832302683: 2F. / J10456 ;8=0<=;/B 93 83238 TB36:- D8/>/: 3 61286: 2=;6: 93 JB1=96:- E13 93A3.
:38 <602=96: 06 =0238=68 93 1./ .LE1=0/- 3A=2/096 2/.7?. / 3028/9/ 93 =.;183O/: 96 .3=6
3>23806
56 12=B=O/96: 06: ./=: A/8=/96: :3D.3026:S .LE1=0/: =091:28=/=:- /126.TA3=:- .626<=<B32/:-
.LE1=0/: /D8H<6B/:- /A=G3:- 3.7/8</4G3:- 32<

A :;
39/456 ;8=0<=;/B MBL7=6N # $10456 93 83238 6 JB1H96 E1/096 6 3=>6 3:2L 0/ <609=456 9=0Y.=</ 61
3:2L2=</
6B/ $10456 93 <6.;30:/8 / </8D/ 8/9=/B 3>38<=9/ :6783 3=>6
39/456 1>=B=/8 $10456 93 ;8623D38 / A39/456 ;8=0<=;/B ;/8/ :1C3=8/ 3 61286: 3B3.3026:
=Y.3286 3>23806 86;68<=60/8 / =0238J38F0<=/ 30283 6 /B6C/.3026 3 6 83230268
/8</4/ $10456 93 J6803<38 / 3:281218/ /6 83230268 ;/8/ :1;682/8 :31 ;38J=B 3 2/.7?. ;/8/ /
.602/D3. 96 /B6C/.3026
6:2/: $10456 93 /;6=6 ;/8/ 9=:;6:=2=A6: 93 .602/D3. 3 <6.6 =09=</968 96 :302=96 9/ 862/456

(
 A O
6. 83A3:2=.3026 93 7688/<@/ B=:6W
6. 83A3:2=.3026 93 7688/<@/ 6091B/96W
32LB=<6W
32/93 688/<@/ U 32/93 /8</4/W
6. ;=0218/ 3.7688/<@/9/

39/456 ;8=0<=;/B <6. .6B/- 83<673826 3>2380/.3023 <6. 7688/<@/W

39/456 ;8=0<=;/B <6. .6B/- ;8623456 <6028/ ;63=8/ 3 83<673826 3>2380/.3023 <6.
7688/<@/W
39/456 ;8=0<=;/B <6. .6B/- ;8623456 <6028/ ;63=8/ 3 9=Y.3286 3>23806- .32/93 7688/<@/
.32/93 .32/B ;B=</96: 3. .62683: 3 28/0:.=::683:W
39/456 ;8=0<=;/B <6. .6B/- 9=Y.3286 3>23806 93 .32/B 38/B.3023 12=B=O/ :3 ;=0218/
3.7688/<@/9/ 06 9=Y.3286 3>23806 ;/8/ /1>=B=/8 / A39/456W
39/456 ;8=0<=;/B <6. .6B/- ;8623456 <6028/ ;63=8/ 3 9=Y.3286 3>23806 .32LB=<6 6. /:
.3:./: </8/<238H:2=</: 96 W
39/456 ;8=0<=;/B <6. .6B/- 9=Y.3286 3>23806 93 .32/B 3 <6. 2/.;/ 38/B.3023 /;B=</96:- 6
86B/.3026 C6D/ TB36 9=832/.3023 0/ A39/456 ;8=0<=;/BW
()
 39/456 ;8=0<=;/B <6. .6B/- ;8623456 <6028/ ;63=8/- 9=Y.3286 3>23806 93 .32/B <6. 2/.;/
6. /: .3:./: </8/<238H:2=</: 96 W
39/456 ;8=0<=;/B :3. .6B/ 3 9=Y.3286 3>23806 83<673826 <6. 7688/<@/ X 12=B=O/96- 0/
./=68=/ 9/: A3O3:- ;/8/ A39/456 93 D8/>/W
39/456 ;8=0<=;/B :3. .6B/ 3 9=Y.3286 3>23806 93 .32/B 56 /;B=</96:- 0/ ./=68=/ 9/:
A3O3:- ;/8/ A39/456 93 D8/>/

C L
>=:23. 038A18/: 0/ A39/456 ;8=0<=;/B- E13 J10<=60/. <6. 1./ 76.7/ 93 :1<456- 8376.73/096 6
JB1=96 E13- 3A3021/B.3023- 230@/ 1B28/;/::/96 / A39/456 ;8=0<=;/B : 038A18/: 3:256 9=:;6:2/:
93 /<6896 <6. 6 :302=96 93 D=86 96 3=>6 ./ :32/ <602=9/ 0/ </8</4/ 96 83230268 =0J68./ 6
:302=96 <688326 93 D=86 $68./26: 3:;3<=/=: 93 038A18/ 83A3B/. E13 6 83230268 ;693 28/7/B@/8
;/8/ /.76: 6: :302=96: 93 D=86 96 3=>6
62/S 832302683: :3. 3::/: 038A18/: ;693. A39/8 3. /.76: 6: :302=96: 93 D=86 96 3=>6

A C :;
56 03<3::L8=6: 6: :3D1=023: 9/96:S
=Y.3286 96 3=>6W
=Y.3286 96 /B6C/.3026 3>23806W
"/8D18/ 96 /B6C/.3026W
/238=/B 96 83230268W
302=96 93 D=86 96 3=>6W
=;6 96 83230268

!
 5
/73B/ 93 <60A38:56 93 268E13:
3` 260 .3286 M .N 3. \ =B6D8/./ J684/ .3286 M\ DJ .N
. g !- ! )( \ DJ .
. ! ! ! ! ! ! &! (! ! )!
M\ DJ .N
! ! !! ! ! !& ! ! & ( & )
!! ! ! & ! & ( ) (
!! ! ) ( ) & (& ) (
!! ! ) & & & &( &) &( (( (& ) ((
!! ! () ( ) &) () ) ) )(
!! ! )) !! ! ! !& !! ( ! ) &! &
&!! & & ! & & & & && &( ! & &) (! &
(!! ( ( ! ( ( ( & (& (( ! ( () ! &
!! &! & & && && ( (! ( )( )! (
)!! ) (( ) () ) ) ) )& ( )( ) ) ) )) ) !! )
!!! ! )( ! )) ! ! ! ! ! ! !( !( ! !) !) !

"=78/ J684/ ;? 3. 3` 260 .3286 M "7J ;? g - & .N

"7J ;? ! & ( )
M .N
! ! & ( !( &( ) ) ! !
! & ) & ( (& ) ! (! ! (&
! ( ) ) )! & && ( )( )
! !& ! ) ( & ! ( & ! (
! &! & ) ) && & ! & & ( & !) &&
! &( ! &) & (! ( ( ( ( ( ) (( ) ( & ! !!
&! & ( !( &( ) ! )! ) ) &
(! ) ) )& )( & ) )) !! ! (! ! !& ! ! (( !(
! ! !) ) )! & && ( )( ) !&
)! ! ! ( & ( & ! )
!! &! & )& & &( ! ( !) & ( !
"7J ;? g "7J ;6B

3` 260 .3286 M .N 3. B=78/ J684/ ;? M"7J ;?N

. g !-( ( & "7J ;?
. ! & ( )
M"7J ;?N
! ! !( ) &) ( )! &&
! ( & ) ) ! !( !
! (& ! & & )( (( ) ) )) ! && !
! & ! & ( ( ! (
! ) ! & !! (( ( ) &) & &
! & )! (& ) ) ! ) !( !
&! ! (& & ) ( ( )( ( ) ! !)
(! && ! ( & & !) & ( & !
! )! )( &! & & !! & ( & ( & & ) & &
)! && &( & &( )! & & &) ( (! (! ( ) ( ( !&
!! ( ! ( ( (& ! (& ( (( ) ( ( )( () (! !

$/268 93 <LB<1B6: 93 268E13

0=9/93 0=9/93 93 .39=456
<60@3<=9/ g <. g . g \ DJ <. g \ DJ . g "7J ;6B g "7J ;?
<. !! ! ! )( ! !! ! !! ! !!(
. !! ! )( ! ! )( ! ( (&
\ DJ <. ) !( ! !) !( !! ! & ! !(
\ DJ . ) !( ) !( !! & ()& (
"7J ;6B ) ! ) !! !!
"7J ;? !
7 72 $" *

/2/B6D6 93 $388/.302/: # :31 ;/8<3=86 3. J388/.302/: ;86J=::=60/=: :U /06

\ - B/0 3:256 3:28/2?D=</ 3 /01230456 12Z06./ =6 93 /03=86S +1/B=2[./8KS
78/./0 !!
\ - B/0 3:256 3:28/2?D=</ 3 2?<0=</: ;839=2=A/: =6 93 /03=86S +1/B=2[./8KS 78/./0
!!
p \ - =<268W " - /;6B356 "1;3: /01230456S 6.7/23 /6: <1:26: 9/ 056
3J=<L<=/ /K860 66K: !!
- /=86 :23A56W - 6:? 103:W - 67=:60 8B/096 8D/0=O/456 9/
/01230456- $388/.302/:- E1=;/.3026: $ !!
- /B9=8 ;/83<=96 96: /01/B ;8L2=<6 9/ ./01230456 =091:28=/B 56 /1B6S ,<603
39=268/ )))
3<Y0=</S 64G3: L:=</: 93 ./88/456- =0/B=O/456 3 6A=.302/456 93 /8D/: :;H8=26
/026S U ))&
3<Y0=</S 86<39=.3026 93 3D18/04/ 3 =D=303 96 8/7/B@6 :;H8=26 /026S
U ))&
" !!! 3<Y0=</S /01230456 9=268/ B676 !!