University of Massachusetts - Amherst

ScholarWorks@UMass Amherst
Masters Theses 1911 - February 2014 Dissertations and Theses

2012

Transformation of Urban Public Space

Ruthanne Harrison
University of Massachusetts Amherst, ruthanne@art.umass.edu

Follow this and additional works at: http://scholarworks.umass.edu/theses

Part of the Art and Design Commons, Other Architecture Commons, Urban, Community and
Regional Planning Commons, and the Urban Studies and Planning Commons

Harrison, Ruthanne, "Transformation of Urban Public Space" (). Masters Theses 1911 - February
2014. Paper 860.
http://scholarworks.umass.edu/theses/860

This Open Access is brought to you for free and open access by the Dissertations and Theses at ScholarWorks@UMass Amherst. It has been accepted
for inclusion in Masters Theses 1911 - February 2014 by an authorized administrator of ScholarWorks@UMass Amherst. For more information, please
contact scholarworks@library.umass.edu.





 
 

 




 

  


 
 

  
  


 !"
#$ #

%&'%

( 

)
 

 





 
 

 






 

 



 




 

 !  

 " #$%  




 

 







 
 


 




 !"# "

# #" $#% &

 '!"! 

"#%#(

 %  ()% " &(

'!"*!#"%&  %"

+++ "'"!"!#&

"#  #+%+#

,+" &

+








 
 






 


 







 








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

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


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

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

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

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


"+ 1#
%*2'
,'
$
*
+'(.,*)
,+/*!
'"*

#*#
3 ,).
#+3('
+%*(!
)*+0)&
(!*''(/)


"+ 1#
4") +'
 3
#
'"*

 ,).
/
.'(0!.
#
0(-
*
'!'

$
3!+'("
$
(#
#
#
 %%,!(#&
*!.
 3
(#
 ,).

/
.'(0!.
#
+,!($&
*+*'
$
#
(#&
#*#
*-
/!
'-+.
/&
,+/*!
+!3*)


'(#

*-
 '!
('
#
+*!2)(!
+#+(*)
(!
+#)*!.
*(!
*
$ ,+5)*!

.(-(..
',+$*
(03*&
',++ ,!..
/&
"*+2(!0
) #'

-**!#
) #'
(!.,'#+(*)
'(#'
*!.

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

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

".'#+(*!
"*#
3(
+ !!#'
#
',++ ,!.(!0
!(0/ + .'
*!.
.'(0!*#.
'(#'
$ +

*+#
*!.
"+$ +%*!
#+ ,0 ,#
#
*+*

-

 








   






  

 

    

  

 !"# 

$


 


%

&
 #' %












#( "!
"!) *

+



 
   +

&

'

,-+












&
&. /













)#
*0 $*












'#,") $1

%




    +

)2 3
'#
& "&
3' .
 +

 ! 
4.(+












&)
!
5
."!+6












#&.
&!%7

*




 



 %%

&
8
&) %%











&
 %0











&
-
!
&
  %6











&
 3
 ' ).*7


 0 
 

5 9

 






 *+

&

:*+












 #')
!
#!)*+












&

.) *0












&
",.#
(*6












&
(
) 0

/



0+

&
2."#
2
)#&

&
&)) 0+


;0*






  

  



      


 !

"  #

$ %"

&'$(

)# '*+ ,

(# '& ,

-./ 012+13

,.  45 0/
 

 

*! / 1

-- "

.  45 0/1

-)" "

6+51
-(- "

".  45 0/ $

$*+ $

7 1
-))4)( )

)  
-)"8 )

( 9 ':   
!"#  -

-6  /    ' :$  % &$  %'()!&"



;
,999!!:*  + # ,(!  "


 5  <8"-


 0 0* 8$

 ;;8$$

"5' '8$$

$# 
8$)

# 8$)

) . 0*+8,

( . 0&8,

- . 05 8

, 2.8

 #.8

+
 !"#$%&'()(

*&+,-,-.(/'0#-($/01,!(2$#!&

,34567894:63

!"#"$%&'($&)*+,*%$-&*.&+'/0&#0,$%&*.&%,')$1&"/)23-"/4&#5'#&65")5&$7"%#%&8$#6$$/&

#5$&83"2#&$/9"(*/+$/#1&6$-4$%&*.&%,')$&-$."/$-&80&#5$&"/.('%#(3)#3($&*.&#('/%,*(#'#"*/1&

)*++3/")'#"*/1&"/-3%#(0&'/-&-$9$2*,+$/#:&;5"%&"/)23-$%&65'#&<')*8%&($.$(%&#*&'%&#5$&

8*(-$(&9')33+%=1&65'#&;('/)">&)'22%&3(8'/&'/#"?%,')$1 @:&;5"%&"%&#5$&*--&%5',$&2$.#&*9$(&

65$($&5"456'0%&)(*%%1&65$($&'&*/)$&')#"9$&6'#$(.(*/#&4*$%&3/3%$-1&65$($&'&%#($#)5&*.&

2'/-&8*(-$(%&'&)'+,3%&*(&2'(4$&)*+,2$71&65$($&('"2(*'-&#(')>%&5'9$&8$$/&'8'/-*/$-1&

65$($&'&83"2-"/4&5'%&83(/$-&'/-&#5$&2*#&5'%&4*/$&#*&6$$-%:&;5"%&+'0&$9$/&8$&65'#&

A**25''%&)'22%&B3/>%,')$1C&'.#$(&"#D%&."/'2&-$+"%$E&$+,#0&%5*,,"/4&)$/#$(%1&*8%*2$#$&)'(&

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

2*#%:&F5"2$&,$*,2$&)'/&'/-&-*&*.#$/&3%$&#5"%&($%"-3'2&%,')$&.*(&'&+32#"#3-$&*.&,3(,*%$%&

G%*+$&*.&#5$+&#('/%4($%%"9$H1&#5$%$&'($&/*#&#5*345#&*.&'%&,382")&%,')$:&F5$/&6$&#5"/>&*.&

3(8'/&,382")&%,')$1&"#&"%&+*($&*.#$/&,'(>%1&,2'I'%1&+'22%1&'/-&%J3'($%&#5'#&)*+$&#*&+"/-:&

K'/0&*.&#5$%$&,(*4('++$-&%,')$%&5'9$&8$$/&)($'#$-&#*&8$&3%$-&"/&'&)$(#'"/&6'01&'#&

%,$)".")&#"+$%1&80&)$(#'"/&#0,$%&*.&,$*,2$1&.*(&'&2"+"#$-&%$#&*.&,3(,*%$%:&L.#$/1&#5$&,382")&

'(#&#5'#&6$&%$$&5'%&8$$/&)*++"%%"*/$-&.*(&#5$%$&%,')$%1&%*+$#"+$%&"/&#5$&.*(+&*.&

+*/3+$/#%1&%*+$#"+$%&/*#&#*&8$&#*3)5$-1&%*+$&*.&"#&/*#&'#&'22&"/#$(')#"9$:&&K">$&M'9"%&

= <')*8%1&<'/$1&!"#$%#&'"$&()$*+,#$-,$./#&'$01#/+2&($3+'+#45&N$6&O*(>1&P'/-*+&Q*3%$1&=RS=
@ ;('/)">1&P*4$(1&6+()+(7$*-4'$89&2#:!"#-/+#4$-,$;/<&($%#4+7(1&Q*8*>$/1&N<1&F"2$0&T&U*/%1&=RVS
C A**25''%1&P$+1$=>(?49&2#5&!'+8("-4$1&KW;&X($%%1&@YY@

(((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((()(((((((((((
'--($%%$%&#5$&/$4'#"9$&'%,$)#&*.&#5"%&#0,$&*.&%,')$E&Z;5$&3/"9$(%'2&)*/%$J3$/)$&*.&#5$&

)(3%'-$&#*&%$)3($&#5$&)"#0&"%&#5$&-$%#(3)#"*/&*.&'/0&#(320&-$+*)('#")&3(8'/&%,')$[ \&K3)5&

*.&65'#&6$&#5"/>&*.&'%&,382")&%,')$&"%&($'220&)*(,*('#$&%,')$1&'/-&"%&/*#&6$2)*+"/4&.*(&

%*+$&+$+8$(%&*.&%*)"$#0:&;5$&')#"9"#"$%&#5'#&)'/&*))3(&#5$($&'($&%#(")#20&)*/#(*22$-:&M'9"%&

4*$%&*/&#*&-$%)("8$&'&,'(>&)($'#$-&/$'(&U>"-&P*6&"/&]*%&^/4$2$%E&Z&_#*&$/%3($&#5'#&#5$&

,'(>&)*32-&/*#&8$&3%$-&.*(&*9$(/"45#&)'+,"/41&*9$(5$'-&%,("/>2$(%&6$($&,(*4('++$-&#*&

-($/)5&#5$&3/%3%,$)#"/4&%2$$,$(%&'#&('/-*+&#"+$%&-3("/4&#5$&/"45#:[ `&;5$&J3$%#"*/&'("%$%E&

65*&"%&,382")&%,')$&($'220&.*(a&W/&%*+$&-*6/#*6/%1&"#&+'0&*/20&8$&.*(&)*/%3+$(%1&*(&.*(&

,$*,2$&65*&2**>&'&)$(#'"/&6'01&*(&.*(&,$*,2$&65*%$&')#"9"#"$%&.'22&6"#5"/&)$(#'"/&

,'('+$#$(%:&

^22&3%$(%&*.&3(8'/&,382")&%,')$&6'/#&#*&.$$2&%'.$&'/-&)*+.*(#'82$&"/&#5'#&%,')$:&

Q*6&)'/&#5'#&8$&')5"$9$-&6"#5*3#&5'9"/4&#*&3%$&'()5"#$)#3($&#*&)($'#$&($%#(")#"*/%a&M'9"%&

4*$%&*/&#*&%'0&#5'#&"/&]*%&^/4$2$%1&+'/0&/$6&83"2-"/4%&'/-&%,')$%&'($&.*(#($%%?2">$:&

F5"2$&'()5"#$)#3('2&)("#")%&+'>$&/*&+$/#"*/&*.&#5"%1&Z:::3(8'/&,'("'5&4(*3,%&?65$#5$(&

0*3/4&82')>&+$/1&,**(&]'#"/*&"++"4('/#%1&*(&$2-$(20&&5*+$2$%%&65"#$&.$+'2$%?($'-&#5$&

%"4/%&"++$-"'#$20:[S&

& W&2**>$-&#*&%*+$&#5$*("$%&*/&3(8'/&,382")&%,')$&#*&2$'(/&+*($&'8*3#&65'#&+"45#&8$&

,*%%"82$E&b('/>$&'/-&U#$9$/%&"/#(*-3)$&#5$&)*/)$,#&*.&2**%$&%,')$E&Z&W/&3(8'/&,382")&

%,')$%&'(*3/-&#5$&6*(2-&,$*,2$&,3(%3$&'&9'("$#0&*.&')#"9"#"$%&/*#&*("4"/'220&"/#$/-$-&.*(

&#5*%$&2*)'#"*/%:::^))$%%"8"2"#01&.($$-*+&*.&)5*")$&'/-&,50%")'2&$2$+$/#%&#5'#&*))3,'/#%

\ M'9"%1&K">$1$6-/'/#44$*-4$0(7#@#45$!"#$A+@+'&/+B&'+-($-,$;/<&($89&2#1&,:=`c
` "8"-1&X:&=S=
S W8"-1&,:&=`R

((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((;(((((((((((
)'/&',,(*,("'#$&'22&)*/#("83#$&#*&#5$&$+$(4$/)$&*.&'&2**%$&%,')$:[ c

W/&C1&7#$-,$'"#$3+'D1&]0/)5&-"%)3%%$%&#5$&,*6$(&*.&$-4$&)*/-"#"*/%1&+'/0&*.&65")5&'($&

)($'#$-&80&5"456'0%1&('"2&2"/$%&'/-&("9$(.(*/#%1&#5$&%'+$&$2$+$/#%&#5'#&'($&'%%*)"'#$-&6"#5&

($%"-3'2&%,')$:&d-4$%1&65"2$&4$/$('220&%$,'('#"/4&'/-&"%*2'#"/4&'($'%1&)*32-&)*/9$(%$20&8$&

%$$/&'%&'&3/"#"/4&%,')$&8$#6$$/&#6*&'($'%:&M$%"4/&"/#$(9$/#"*/&"/&($%"-3'2&%,')$&)*32-&8$&

3%$-&"/&#5"%&6'0E&#*&>/"#&#*4$#5$(&#5$&.'8(")&*.&'&)"#0&'#&'&)(3)"'2&8*(-$(&I*/$:&^/&$7'+,2$&

*.&#5"%&"%&#5$&Q"452"/$:&e"#*&^))*/)"1&'/&'(#"%#&65*&5'%&8$$/&"/9*29$-&"/&#5$&-$%"4/&*.&

3(8'/&,382")&%,')$1&6("#$%&Z&;5$&,382")&4'#5$(%&"/&#6*&>"/-%&*.&%,')$%:&;5$&."(%#&"%&'&%,')$&

#5'#&+4$,382")1&'&,2')$&65$($&#5$&,382")&4'#5$(% &8$)'3%$&"#&5'%&'&("45#&#*&#5$&,2')$f&#5$&

%$)*/-&"%&'&%,')$&#5'#&"%&+'-$&,382")1&'&,2')$&65$($&#5$&,382")&4'#5$(%&,($)"%$20&8$)'3%$&

"#&-*$%/g#&5'9$&#5$&("45#?&'&,2')$&+'-$&,382")&80&.*()$:&h V&^2#5*345&/*#&$7')#20&80&.*()$1&

83#&80&,382")&+*+$/#3+&'/-&)**,$('#"*/1&8*#5&]$&W/#$(%#")$&`S&'/-&#5$&L,$/&^"(&]"8('(0&

*,$/$-&3,&#5$&("45#%&*.&,$*,2$&#*&4'#5$(&"/&#5*%$&,2')$%:&i*#5&6$($&%#'(#$-&80&'&

+*9$+$/#&*.&,$*,2$&3%"/4&#5$&%"#$1&65")5&2$-&#*&'()5"#$)#3('2&"/#$(9$/#"*/1&'/-&"/&#5$&)'%$&

*.&#5$&2"8('(01&&$9$/#3'2&4*9$(/+$/#&.3/-"/4&.*(&#5$&,(*B$)#:&W/&#5"%&#0,$&*.&%,')$1&#5$($&"%&

'&,("-$&*.&*6/$(%5",1&'22*6"/4&#5$&%,')$%&#*&8$&3%$-&%'.$20&'/-&.($$20&'#&'/0&#"+$:&

c b('/>$1&A'($/&'/-&j3$/#"/&U#$9$/%1&$-:&*--4#$89&2#5$E-44+<+@+'D$&()$%+F#/4+'D$+($;/<&($*+,#1:&L7*/1&
kA1&P*3#2$-4$1&@YYc
V K"#)5$221&F:<:;:1&$-:&^))*/)"1&e"#*1$E><@+2$89&2#$+($&$E/+F&'#$!+1#5$0/'$+($'"#$E><@+2$89"#/#1&!5")'4*1&
k/"9$(%"#0&*.&!5")'4*&X($%%1&,:&=`R

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

%"&2,2($'=$=2#1

%>?(!639?@4

;5$&)*/)$,#&*.&+0&#5$%"%&"%&'()5"#$)#3('2&'/-&'(#"%#")&"/#$(9$/#"*/&"/&($%"-3'2&%,')$&

'%&'&)'#'20%#&.*(&&#('/%.*(+'#"*/:&F5'#&6*32-&'&%,')$&8$&2">$&#5'#&)*32-&8$&3%$-&.*(&'/0&

)*+8"/'#"*/&*.&,3(,*%$%1&8$&3%$-&.($$20&80&'22&+$+8$(%&*.&#5$&)*++3/"#01&8$&-$%"4/$-&

%*&#5'#&#5$&'(#&'/-&'()5"#$)#3($&"%&"/#$(')#"9$&'/-&)*32-&8$&#('/%.*(+$-&80&#5$&3%$(%&*.&#5$&

%,')$1&'/-&+'>$&3%$&*.&'&($%"-3'2&3(8'/&%,')$&#5'#&6*32-&*#5$(6"%$&%"#&'8'/-*/$-a&&Q*6&

)*32-&#5'#&3(8'/&%,')$&8$&-$%"4/$-&#*&4"9$&*6/$(%5",&*.&"#&#*&#5$&,$*,2$&*.&#5$&

)*++3/"#01&('#5$(&#5'/&#*&)*(,*('#$&)',"#'2a&&Q*6&)*32-&'&%,')$&2">$&#5"%&8$&'&)'#'20%#&.*(&

#5$&#('/%.*(+'#"*/&*.&'&82"45#$-&-*6/#*6/a&;5$%$&'($&#5$&J3$%#"*/%&W&,(*,*%$&#*&'/%6$(&

"/&+0&#5$%"%:&K0&"/#$/#"*/&"%&#*&$7'+"/$&3(8'/&'/#"?%,')$&'/-&,(*,*%$&#5$&)($'#"*/&*.&

%3))$%%.32&3(8'/&,382")&%,')$&*/&%3)5&'&%"#$:&^%&+3)5&*.&3(8'/&'/#"?%,')$&"%&'&,(*-3)#&*.&

"/#$(#6"/"/4&5"456'0&*9$(,'%%$%1&I*/$%&8$#6$$/&%#(",&-$9$2*,+$/#1&*(&8*(-$(&I*/$%&

8$#6$$/&/$"458*(5**-%1&#5"%&"%%3$&6"22&8$)*+$&+*($&"+,*(#'/#&'%&6$&)*/#"/3$&#*&+'>$&

#5$&#('/%"#"*/&.(*+&'&%383(8'/1&'3#*+*8"2$&*("$/#$-&%*)"$#0&#*&'/&3(8'/1&6'2>"/4&*/$:&^%&

)"#"$%&)*/#"/3$&#*&8$)*+$&+*($&-"9$(%"."$-1&'%&*3(&$)*/*+0&)($'#$%&.3(#5$(&"/)*+$&

-"%,'("#01&'%&$/9"(*/+$/#'2&"%%3$%&)5'/4$&*3(&)5*")$%1&5*6&6"22&#5$&)*/)$,#&*.&3(8'/&

,382")&%,')$&8$&'--($%%$-a&P$%"-3'2&%,')$&+'0&5'9$&3%$%&#5'#&'($&%*)"'2&'/-&$)*/*+")E&'&

9$4$#'82$&4'(-$/&.*(&.'+"2"$%&#*&,(*9"-$&.**-&.*(&#5$+%$29$%:&W#&+'0&,(*9"-$&%,')$&.*(&'&

6*(>%5*,&"/&65")5&,$*,2$&)'/&2$'(/&/$6&%>"22%1&#$')5&%>"22%1&)($'#$&3%$.32&"#$+%1&*(&+'>$

((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((A(((((((((((
'(#:&W#&+'0&8$&'&%,')$&.*(&9*")$%&#*&8$&5$'(-E&.($$&%,$$)51&+3%")1&,382")&.*(3+%1&/$6&

+$-"':&W#&+'0&8$&%*)"'2l($)($'#"*/'2E&'&,2')$&#*&%6"+1&")$&%>'#$1&."%51&*(&B3%#&5'/4&*3#:&

0B9CD56837(2487:?E

;5$&-$%#(3)#"9$&'%,$)#&&*.&'/#"?%,')$&*/&3(8'/&9"%3'2&*(-$(1&'/-&3%$1&*.&)"#"$%&"%&

-$%)("8$-&80&<'/$&<')*8%&"/&)5',#$(&=\1&!"#$3>/4#$-,$G-/)#/$H&2>>145&"/&!"#$%#&'"$&() $

*+,#$-,$./#&'$01#/+2&($3+'+#4I$

;5$&+'"/&"-$'&,3#&.*(#5&"/&#5"%&($'-"/4&"%&5*6&2'(4$&%"/42$&3%$&%"#$%&6"#5"/&#5$&3(8'/&

.'8(")&)($'#$&-$'-&I*/$%&*.&8*(-$(%1&65")5&.(')#3($&/$"458*(5**-%&'/-&.('4+$/#&#5$&)"#0:&

W&($'-&#5"%&8**>&65"2$&%"+32#'/$*3%20&($'-"/4&'8*3#&%383(8'/&%,('621&'/-&8$4'/&#*&#5"/>&

'8*3#&5*6&'&6$22&-$%"4/$-&3(8'/&*(&#*6/&%,')$&.$$2%&#*&8$&"/1&'%&*,,*%$-&#*&+3)5&*.&

65'#&')#3'220&$7"%#%:&W&6'%&'2%*&($'-"/4&'8*3#&P*8$(#&K*%$%1&'/-&5"%&+'/0&5"456'0&

,(*B$)#%&#5'#&.('4+$/#$-&#5$&)"#01 R&'/-&5*6&<'/$&<')*8%&*(4'/"I$-&'4'"/%#&#5"%&#($/-:&

K3)5&5'%&5',,$/$-&#*&^+$(")'/&)"#"$%&%"/)$&#5"%&8**>&6'%&6("##$/&"/&=RS=1&%*+$&5'9$&

-$)2"/$-1&%*+$&5'9$&8$$/&($9"#'2"I$-:&

W&#5"/>&"#&"%&"+,*(#'/#&#*&2**>&'#&#5*%$&)"#"$%1&8*#5&#5$&)"#"$%&"/&-$)2"/$&'/-&#5*%$&#5'#&

'($&#5("9"/41&#*&%$$&"/&65'#&6'0%&'/#"?%,')$1&8*(-$(&9')33+%1&'/-&9"#'2&,382")&%,')$&

"+,')#%&#5$&9"%3'2&*(-$(&'/-&.'8(")&*.&#5$&)"#0:&W&#5"/>&"#&6*32-&8$&"+,*(#'/#&#*&'2%*&

$7,2*($&8$0*/-&*3(&)32#3($1&#*&%$$&5*6&#5"%&"%%3$&+'/".$%#%&"#%$2.&"/&d3(*,$'/&'/-&^%"'/&

)"#"$%:&<')*8%&6("#$%&&'8*3#&#3(/"/4&8*(-$(&9')33+%&"/#*&%$'+%&8$#6$$/&'&%"/42$&3%$&%"#$&

'/-&#5$&)"#0&%#($$#%:&U5$&&.*)3%$%&*/&$7'+,2$%&*.&5*6&#5"%&+"45#&8$&-*/$&*/&#5$&

R !'(*1&P*8$(#1&!"#$E-J#/$G/-?#/:K-<#/'$A-4#4$&()$'"#$6&@@$-,$L#J$M-/?5$N$6&O*(>1&P'/-*+&Q*3%$1&
=Rc\

((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((F(((((((((((
,$("+$#$(%&*.&'&2'(4$&,'(>1&*(&*/&#5$&8*(-$(&I*/$&)($'#$-&80&#5$&6'#$(.(*/#:&;5$($&'($&

%3))$%%.32&$7'+,2$%&6'0%&#5'#&&8*(-$(&9')33+%&'/-&'/#"?%,')$&5'9$&8$$/&3#"2"I$-&#*&($?

%#"#)5&#5$&)"#0&#*4$#5$(:

W/&#5$&#"+$&#5'#&<')*8%&6'%&6("#"/41&%5$&6'%&*.#$/&-"%+"%%$-&80&#5$&,($9'"2"/4&

,*6$(%1&%3)5&'%&K*%$%1&'%&'/&')#"9"%#&5*3%$6".$:&U5$&6(*#$&"/&'/&$/4'4"/4&%#02$&#5'#&6'%&

)2$'(&#*&$9$/&#5*%$&65*&6$($&/*#&3(8'/&,2'//$(%:&U*&,$(5',%&%5$&6'%&/*#&#'>$/&'%&

%$("*3%20&'%&%5$&%5*32-&5'9$&8$$/&'#&#5$&#"+$:&<')*8%&6'%&'&)("#")&*.&/*#&*/20&K*%$%1&83#&

%5$&'2%*&#**>&'"+&'#&K3+.*(-1&&]$!*(83%"$(1&'/-&d8$/$I$(&Q*6'(-:&

b*(&#5$&#"+$&"/&65")5&%5$&6'%&6("#"/41&#5$&$'(20&=RSYg%1&<')*8%&+3%#&5'9$&%$$+$-&

%*+$65'#&*3#&*.&#5$&+'"/%#($'+&*.&Z,(*4($%%[&#*6'(-&#5$&^+$(")'/&M($'+&*.&'&)'(1&'&

5*3%$&"/&#5$&%383(8%1&'&)*/%3+$(&-("9$/&6'0&*.&2".$:&i3#&<')*8%&')#3'220&6'%&'&)',"#'2"%#1&

%5$&6'/#$-&)"#0&/$"458*(5**-%&'/-&#5$"(&"/-"9"-3'2&83%"/$%%$%&#*&%3(9"9$&'/-&#5("9$:&U5$&

6'%&J3$%#"*/"/4&#5$&,($9'"2"/4&#($/-&*.&2'(4$&%)'2$&3(8'/&($/$6'21&#5$&83"2-"/4&*.&

$7,($%%6'0%&#5(*345&)"#0&/$"458*(5**-%&#5'#&6*32-&+'>$&#5$&%383(8%&+*($&'))$%%"82$1&

83#&-*&/*#5"/4&.*(&#5*%$&)"#0&/$"458*(5**-%:&U5$&6'%&'2%*&'-9*)'#"/4&.*(&+"7$-&3%$&

-"%#(")#%1&'/&"-$'&#5'#&6'%&'/#"#5$%"%&#*&%383(8'/"I'#"*/1&65")5&-")#'#$-&#5'#&,$*,2$&2"9$&"/&

*/$&,2')$1&%5*,&"/&'/*#5$(1&6*(>&"/&'/*#5$(&'/-&($)($'#$&"/&%#"22&'/*#5$(:&W#&6'%&#5$&

-$9$2*,+$/#&*.&2'(4$&%"/42$?3%$&%#(3)#3($%&'/-&%,')$%&#5'#&2$-&#*&+'/0&*.&#5$&'/#"?%,')$%&

'/-&8*(-$(&I*/$%:

<')*8D%&6("#"/4&5'-&'&,(*.*3/-&"+,')#&*/&3(8'/&($/$6'2:&W#&"%&%'"-&#5'#&5$(&6("#"/4&

+'(>$-&#5$&8$4"//"/4&*.&#5$&$/-&.*(&P*8$(#&K*%$%:&O$#1&#5$&)"#"$%&'($&%#"22&2$.#&#*&-$'2&

6"#5*3#&#5$&,(*-3)#%&*.&3(8'/&($/$6'2E&#5$($&'($&%#"22&2'(4$&%)'2$&%"/42$&3%$&-$9$2*,+$/#%&

((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((G(((((((((((
%3)5&'%&5*3%"/4&,(*B$)#%&'/-&5"456'0%:&;5$($&'($&%#"22&3/-$(3#"2"I$-&6'#$(.(*/#&I*/$%1&

-$%*2'#$&,'(>%1&2'(4$&5*%,"#'2&)'+,3%$%&#5'#&)($'#$&8*(-$(&I*/$%:&W/&%*+$&)"#"$%1&.2"45#&*.&

"/-3%#(0&'/-&($%"-$/#%&5'9$&2$.#&'8'/-*/$-&83"2-"/4%&65")5&)($'#$&'/#"?%,')$:&W&6*32-&

2">$&#*&$7'+"/$&65'#&#5$&)5'(')#$("%#")%&*.&#5$%$&%,')$%&'($&"/&@Y==1&5*6&#5$0&"+,')#&#5$&

2"9$%&*.&3%$(%&*.&#5$&)"#01&65'#&5'%&8$$/&-*/$&#53%&.'(&#*&+"#"4'#$&#5$&"%%3$&*.&8*(-$(&I*/$%&

'/-&3(8'/&'/#"?%,')$1&'/-&65'#&/$6&%*23#"*/%&#*&#5"%&+'0&8$:&^2%*1&-*&#5$%$&8*(-$(&I*/$%&

$7"%#&"/&%+'22&)"#"$%&'/-&*2-$(&#*6/%&'%&6$22&'%&"/&2'(4$&)"#"$%&2">$&N$6&O*(>a&^($&8*(-$(&

I*/$%&&'/-&'/#"?%,')$&"/$9"#'82$&'%&#5$&)"#0&%)',$&"%&)'(9$-&3,&'/-&-$9$2*,$-1&*(&"%&#5$($&'&

)*+,2$#$20&-"..$($/#&6'0&#*&2**>&'#&%,')$a

^&+'B*(&)("#")&'#&#5$&#"+$&#5$&6*(>&6'%&,382"%5$-1&6'%&*.&)*3(%$1&P*8$(#&K*%$%&

G'/-&5"%&%3,,*(#$(%H&65*&-"%+"%%$-&<')*8%&G'/-&5$(&%3,,*(#$(%H&'%&&h/*8*-0&83#&'&83/)5&

*.&+*#5$(%:h=Y&;5"%&)("#")"%+&%#$++$-&"/&,'(#&.(*+&#5$&.')#&#5'#&<')*8%&6'%&'&6("#$(&'/-&

')#"9"%#1&/*#&'&G+'2$H&)"#0&,2'//$(:&i3#&"#&'2%*&%#$++$-&.(*+&#5$&.')#&#5'#&<')*8%&'(43+$/#&

6'%&,*6$(.32?%5$&5'-&"-$'%&#5'#&6$($&($2$9'/#&#*&#5$&#"+$%&'/-&)5'/4$-&#5$&,($9'"2"/4&

#5*345#&*/&3(8'/&($/$6'21&3,%$##"/4&#5$&8'2'/)$&*.&,*6$(:

]$6"%&K3+.*(-&'2%*&$7,($%%$-&)("#")"%+&"/&5"%&,'#(*/"I"/420&#"#2$-&=RS@&N$6&

O*(>$(&'(#")2$&A-'"#/$=&2-<4$N-1#$K#1#)+#4I&&K3+.*(-&."(%#&,('"%$%&<')*8%&($.($%5"/4&

,($%$/#'#"*/&'#&'&Q'(9'(-&,2'//"/4&)*/.$($/)$1&83#&#5$/&4*$%&*/&#*&$7)*("'#$&5$(&8**>: ==&

Q$&."/-%&5$(&6("#"/4&5'%&#**&+3)5&,$(%*/'2&'/$)-*#$1&5$(&%*23#"*/%&#*&8$&%"+,2"%#")1&'/-&

5$(&-"%+"%%'2&*.&,(*B$)#%&%3)5&'%&!5'#5'+&e"22'4$1&'/-&m'(-$/&!"#"$%&#*&8$&/'"9$:&

;5$($&"%&'2%*&)("#")"%+&#5'#&5$(&9"%"*/&.'"2$-&#*&#'>$&"/&3(8'/&'($'%&%3)5&'%&]*%

=Y L3(*3%%*..1&N")*2'"1&$O>'7/-J+(7$=&(#$=&2-<4$&()$N#/$L#J$M-/?1&N$6&O*(>&;"+$%1&^,("2&CY1&@YYS
== K3+.*(-1&]$6"%1&A-'"#/$=&2-<4P$N-1#$K#1#)+#45&N$6&O*(>$(1&M$)$+8$(&=1&=RS@1&,:&=\V

((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((H(((((((((((
&^/4$2$%E&#5*%$&#5'#&6$($&83"2#&'(*3/-&#5$&'3#*+*8"2$:&^/&'(#")2$&.*3/-&"/&#5$&N$6&O*(>&

;"+$%&%#'#$%&#5$&.*22*6"/41&"/&($4'(-&#*&<')*8%D&%3))$%%.32&$..*(#%&#*&%'9$&U*5*&.(*+&8$"/4&

-$%#(*0$-&.*(&'&5"456'0E&h;5$&*2-&83"2-"/4%&'($&%#"22&#5$($1&#5$&%#($$#%&*/)$&'4'"/&,'9$-&"/&

)*882$%#*/$1&83#&#5$&(")5&+"7&*.&+'/3.')#3($(%1&'(#"%#%&'/-&4'22$(0&*6/$(%&5'%&8$$/&

($,2')$-&80&5*+*4$/*3%&)(*6-%&*.&2$++"/4?2">$&%5*,,$(%:&N*#5"/4&"%&,(*-3)$-&#5$($&

'/0+*($:&W#&"%&'&)*(/$(&*.&#5$&)"#0&#5'#&"%&/$'(20&'%&%*322$%%1&"/&"#D%&6'01&'%&#5$&%3,$(&82*)>%&

#5'#&K%:&<')*8%&%*&($9"2$-:h=@&;5$($&"%&'2%*&)("#")"%+&#5'#&#5$&N$6&k(8'/"%+&+*9$+$/#&

5'-&#'>$/&<')*8%D&"-$'%1&3%$-&#5$+&#*&)($'#$&D3(8'/D&)$/#$(%&#5'#&5'9$&#5$&"223%"*/1&83#&/*#&

#5$&4("##0&($'2"#0&*.&#5$&)"#0&/$"458*(5**-%&#5'#&<')*8%&)5'+,"*/$-:&L.&)*3(%$1&#5$%$&

)("#")"%+%&'($&+*($&'"+$-&'#&#5$&6'0%&"/&65")5&<')*8%&"-$'%&6$($&2'#$(&,**(20&

"+,2$+$/#$-1&/*#&"/&#5$&)*($&*.&"-$'%&#5$+%$29$%:&U,$)".")'220&"/&($4'(-&#*&#5$&)5',#$(&=\&

($'-"/41&#5$($&5'%&8$$/&+3)5&6("##$/&%"/)$&<')*8%&'8*3#&8*(-$(&9')33+%&'/-&'/#"?%,')$1&

'/&"%%3$&."(%#&"-$/#"."$-&80&<')*8%:&

W/&,($,'('#"*/1&W&5'9$&8$43/&%$9$('2&,($)$-$/#&%#3-"$%&*.&3(8'/&%,')$%&)($'#$-&.(*+&

'&9'("$#0&*.&#0,$%&*.&($%"-3'2&%,')$:&W&5'9$&'2%*&5'9$&%#3-"$-&'%&,($)$-$/#&#5$&6*(>&*.&

%$9$('2&'(#"%#%&65*%$&,382")&6*(>%&($2'#$&#*&#5$&)*/)$,#&W&'+&,(*,*%"/41&"/&#5'#&#5$"(&6*(>&

)5'/4$%&,$()$,#"*/&'/-l*(&3%$&*.&%,')$:&

& K'/0&/$6&3(8'/&%,')$%&($9*29$&/*#&'(*3/-&,382")&4'#5$("/4&.*(&$7)5'/4$&*.&"-$'%1&

%*)"'2"I"/41&*(&8$"/4&'&,'(#&*.&)*++3/"#01&83#&.*(&#5$&)*/%3+,#"*/&*.&4**-%:&Q'4$/&

8("/4%&3,&#5$&J3$%#"*/&*.&65$#5$(&6$&)'/&+*9$&.*(6'(-&6"#5&'&%0+8"*%"%&*.&'()5"#$)#3($

'/-&%3%#'"/'8"2"#0&65$/&*3(&)32#3('2&+"2"$3&"%&%*&+3)5&'8*3#&)*/%3+$("%+: =C&

=@&L3(*3%%*..1&N$6&O*(>&;"+$%

((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((I(((((((((((
 ;5$&($,3(,*%"/4&*.&($%"-3'2&%,')$&2$/-%&"#%$2.&6$22&#*&#5$&%0+8"*%"%&*.&'()5"#$)#3($&

'/-&%3%#'"/'8"2"#01&'/-&'2%*&#*&#5$&)*/)$,#&*.&2**%$&%,')$1&83#&"#&6"22&8$&"+,*(#'/#&#*&%#3-0&

,($)$-$/#%&"/&)($'#"/4&'&%,')$&65$($&)*/%3+$("%+&"%&/*#&#5$&-("9"/4&.*()$:&K'/0&%,')$%&

5'9$&'&)*(,*('#$1&*9$(,2'//$-&'#+*%,5$($1&"/#$()5'/4$'82$&.(*+&)"#0&#*&)"#0:&;5$%$&

%,')$%&'($&%*+$5*6&2')>"/4&'3#5$/#")"#01&+'0&-"%)*3('4$&'/0&%,*/#'/$*3%&')#"9"#"$%1&'/-&

+'0&"/&$..$)#&8$&"/'))$%%"82$&#*&%*+$&+$+8$(%&*.&%*)"$#0:&&;5$&%,')$%&#5'#&W&8$2"$9$&#*&8$&

+*%#&%3))$%%.32&'($&#5*%$&#5'#&($#'"/&#5$&'%,$)#%&*.&2**%$&%,')$&-$%)("8$-&"/&b('/>$&'/-&

U#$9$/%D&8**>:&;5$&'(#6*(>%&W&5'9$&%#3-"$-&'22&"/#(*-3)$&#5$&)*/)$,#%&*.&'2#$("/4&

,$()$,#"*/&*.&'&%,')$1&'/-&'2%*&"/#(*-3)$&'/&'%,$)#&*.&#$+,*('2"#0&#*&#5$&,382")&%,')$:&

A**25''%&'/-&<')*8%&8*#5&,(*,*%$&#5'#&+"7$-?3%$&G83"2-"/4%1&/$"458*(5**-%H1&'/-&'&

9'("$#0&*.&3%$%&*9$(&#"+$&G5*3(201&-'"20H&)($'#$&9"#'2"#0:&;5$&%'+$&)'%$&)'/&8$&+'-$&.*(&

3(8'/&,382")&%,')$E&'&%,')$&#5'#&)5'/4$%1&'/-&"%&)5'/4$-&80&#5$&,$*,2$&3%"/4&"#1&6"22&8$&

9"#'21&"/#$($%#"/41&'/-&6$22&3%$-:

& m('/# & Q"2-$8('/-D% & #5$*("$% & */ & %,')$ & 6"22 & 8$ & "+,*(#'/# & "/ & +0 & #5$%"% & %#3-0:&

Q"2-$8('/- &"/ &5"% &6("#"/4 &G+-9"+@+2 $0/2"+'#2'>/&@ $ 89&2#5& '(43$% &#5'# &*3( &)*+.*(# &'/-&

,($.$($/)$%&.*(&)$(#'"/&%,'#"'2&)5'(')#$("%#")%&'($&'&($%32#&*.&&53+'/&$9*23#"*/'(0&%3(9"9'2&

'-9'/#'4$%:&F5$/&*3(&'/)$%#*(%&2"9$-&)2*%$(&#*&/'#3($1&#5$($&6$($&%,'#"'2&'/-&9"%3'2

)5'(')#$("%#")%&80&65")5&#5$0&($'-&#5$"(&$/9"(*/+$/#1&#53%&'%%3("/4&%'.$#0&'/-&)*/#"/3$-&

,$(,$#3'#"*/&*.&$7"%#$/)$:&

&;5$&."9$&)5'(')#$("%#")%&)"#$-&'($E&,(*%,$)#1&($.34$1&$/#")$+$/#1&,$("21&'/-&)*+,2$7&

*(-$(:&!*+,2$7&*(-$(&)'22%&.*(&-"%#"/43"%5"/4&'/-&'(('/4"/4&)$(#'"/&,50%")'2&'/-&9"%3'2&

=C&Q'4$/1&U3%'//'51&;'>"/4&U5',$1&^&N$6&!*/#(')#&i$#6$$/&^()5"#$)#3($&'/-&N'#3($1&L7.*(-1 &
^()5"#$)#3('2&X($%%1&@YY=

((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((J(((((((((((
$2$+$/#%&6"#5"/&#5$&$/9"(*/+$/#:&Q"2-$8('/-&2">$/%&#5"%&#*&+3%")E&*(-$($-&)*+,2$7"#0&"/&

%*3/- & )($'#$% & +3%") & '% & *,,*%$- & #* & /*"%$1 & B3%# & '% & *(-$($- & )*+,2$7"#0 & "/ & #5$ & 83"2#&

$/9"(*/+$/#&)($'#$%&'()5"#$)#3($&'%&*,,*%$-&#*&83"2-"/4:&Q$&%#'#$%&#5'#&*(-$(&'2*/$&"%&

+*/*#*/*3%1&65"2$&)*+,2$7"#0&'2*/$&"%&)5'*#")1&83#&#5$&#6*&#*4$#5$(&)($'#$&'&%"#3'#"*/&

#5'# & "% & 8$/$.")"'2 & #* & )*+.*(# & '/- & $+*#"*/'2 & 6$22?8$"/4: & W/ & #5"/>"/4 & '8*3# & #5$&

#('/%.*(+'#"*/&*.&3(8'/&'/#"?%,')$&"/&#*&3%$.32&,382")&%,')$1&#5"%&"%&'/&"+,*(#'/#&)*/)$,#:&

^/#"?%,')$1&8*(-$(&I*/$%1&'($&3%3'220&)5'*#")1&%"/)$&#5$0&'($&)*+,("%$-&*.&#5$&($+/'/#%&*.&

*#5$(&3%$%:&i("/4"/4&'&)*+,2$7&*(-$(&#*&'&%,')$&#5'#&"%&*#5$(6"%$&3/($'-'82$&6*32-&+'>$&

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

Q"2-$8('/- & 6("#$% & #5'# & #5$ & "/#(*-3)#"*/ & *. & %*+$ & /'#3('2 & $2$+$/#% & 6*32- & 8$&

,($.$('82$1&'%&%#3-"$%&,(*9$&#5'#&"+'4$%&*.&/'#3($&G#5'#&"%$ "+'4$%&*. &-/)#/#) $/'#3($1&'%&

*,,*%$- & #* & 6"2- & /'#3($H & )'/& ($-3)$ & %#($%% & '/- & %5*(#$/ & 5*%,"#'2 & %#'0%: & U*& #5$ & /'#3('2&

%$##"/4&+3%#&'2%*&8$&'&4&,#$%$##"/41&'/-&Q"2-$8('/-&"/#(*-3)$%&#5$&)*/)$,#&*.&($.34$&'/-&

,(*%,$)#:&P$.34$&"%&'&%+'221&-'(>1&J3"$#1&%'.$&%,')$&.(*+&65")5&6$&)'/&9"$6&#5$&*#5$(&

$7#($+$1 & ,(*%,$)#: & X(*%,$)# & "% & #5$ & *,$/ & 9"%#'1 & 6$22 & 2"#1 & $7,'/%"9$1 & #5$ & ,2')$ & 65$($&

*,,*(#3/"#0 & +"45# & 2"$: &;5"%& "% & #0,"."$- & 80& Z#5$ & )'9$[ & '/- & Z#5$& +$'-*6[: & Q"2-$8('/-&

6("#$% & #5'# & '))*(-"/4 & #* & ^,,2$#*/1 & %3))$%%.32 & ,'(> & -$%"4/ & 3%$% & #5"% & )*/#"43*3%&

B37#',*%"#"*/&*.&($.34$&'/-&,(*%,$)#:=\& ;5"%&"% &'/*#5$(&9"#'2&,"$)$&*.&"/.*(+'#"*/&#5'#&

)*32-&6*(>&"/&)($'#"/4&,382")&%,')$1&'/-&*/$&65")5&W&6"22&($.$(&8')>&#*&65"2$&-*"/4&

,($)$-$/#&%#3-"$%:&Q"2-$8('/-&/*#$%&#5'#&#5"%&"%&3%$-&"/&"/#$("*(&%,')$%&#*&4($'#&$..$)#1&'/-

=\ Q"2-$8('/-1&m('/#1&G+-9"+@+2$0/2"+'#2'>/&@$89&2#1&A$22$(#1&U#$,5$/&P:1&<3-"#5&Q$$(6'4$/1&K'(#"/&
K'-*(1&$-1&i"*,5"2")&M$%"4/1&;5$&;5$*(01&U)"$/)$&'/-&X(')#")$&*.&i("/4"/4&i3"2-"/4%&#*&]".$1&Q*8*>$/1&
F"2$0&'/-&U*/%1&@YYV

(((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((()K(((((((((((
& )"#$%&b('/>&]2*0-&F("45#g%&"/#$("*(%1&6"#5&#5$&3%$&*.&)*+,($%%"*/&'/-&($2$'%$&#5(*345&

)5'/4"/4&*9$(5$'- &,2'/$1&2"45#"/41&'/-&9"$6%&'% &'/&$7'+,2$:&W/#$($%#"/4201&#5$($&"% &'&

4$/-$(&-"..$($/)$&"/&,($.$($/)$E&Q"2-$8('/-&%#'#$%&#5'#&+$/&,($.$(&,(*%,$)#1&65"2$&6*+$/&

,($.$(&($.34$1&'/-&5$&)2'"+%&#5"%&)'/&8$&%$$/&"/&2'/-%)',$&,'"/#"/4%:&W&6*32-&2">$&#*&%$$&".&

#5"%&,(*9$%&#(3$&"/&'()5"#$)#3('2&-$%"4/&'2%*:&

d/#")$+$/#&"%&-$%)("8$-&'%&'&-$,")#"*/&*.&'&#('"2&#5'#&-"%',,$'(%&'(*3/-&'&8$/-1&Z'&

,(*+"%$&#5'#&%*+$#5"/4&+*($&)*32-&8$&4'"/$-&80&+*9"/4&-$$,$(&"/#*&#5$&%$##"/4:[ =`&^%&

53+'/%1&6$&5'9$&'/&3(4$&#*&-"%)*9$(&'/-&,3(%3$&'-9'/#'4$%1&*(&8$&'6'($&*.&-'/4$(1&83#&

6$ & -* & 5'9$ & '/ & "/%#"/)# & #* & +*9$ & *3# & *. & -'(>/$%% & '/- & #*6'(-% & 2"45#1 & $/%3("/4 & %'.$#0:&

Q"2-$8('/-&+'>$%&'&-$%"4/&%344$%#"*/&*.&,(*9"-"/4&'&%$J3$/)$&*.&6$22&2"#&$/#")$+$/#%&#*&

2$'-&*/$&#5(*345&'&%$J3$/)$&*.&-$%"4/$-&%,')$%:&

X$("2 &%,$'>% &#*&*3(&/$$-&#*&%$$>&*3# &'&)$(#'"/&-$4($$ &*.&-'/4$(1&'% &,'(#&*.&#5$&

%3(9"9'2 & "/%#"/)#1 & B3%# & #* & >/*6 & #5'# & 6$ & )'/ & ($%,*/- & #*1 & '/- & 5'/-2$ & "#: & i3# & 6$ & +3%#&

32#"+'#$20&8$&"/&)*/#(*2&%*&#5'#&,$("2&-*$%/g#&#3(/&"/#*&'/7"$#0:&d7'+,2$%&*.&,$("2&"/)23-$&

%>0%)(',$(&*8%$(9'#"*/&-$)>%&'/-&2**>*3#&9'/#'4$&,*"/#%:&Q"2-$8('/-&4"9$%&#5$&$7'+,2$&

*.&i*##'g%&U'/&b('/)"%)*&K3%$3+&*.&K*-$(/&^(#1&6"#5&'&#('/%,'($/#&6'2>6'0:&W&#5"/>&*.&

#5$&*8%$(9'#"*/&#*6$(&*.&#5$&/$6&X$/*8%)*#&N'((*6%&i("-4$&"/&K'"/$1&65")5&"%&#5$&#'22$%#&

8("-4$&*8%$(9'#*(0&"/&#5$&6*(2-&'#&\@Yg&'8*9$&#5$&("9$(1&'/-&5'%&.2**(&#*&)$"2"/4&42'I"/4:&

;5$&Q"452"/$&"/&N$6&O*(>&*..$(%&'/&*,,*(#3/"#0&#*&8$&*8%$(9"/4&#5$&%#($$#&.(*+&'&9'/#'4$

,*"/#&'8*9$1&65"2$&#('..")&I",%&80&8$2*6:&X($)$-$/#&%#3-"$%&6"22&"/)23-$&,382")&%,')$%&

65")5&#5(*345&$2$9'#"*/&*(&9"%3'2&9'/#'4$&,*"/#&*..$(&,$("2:&

=` W8"-

(((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((())(((((((((((
 Q"2-$8('/-&+'>$%&'&)*+,$22"/4&$7'+,2$&*.&'22&*.&#5$%$&."9$&)5'(')#$("%#")%&6"#5&'

& ($-$%"4/&*.&'&($#"($+$/#&)*+,2$7&3/"#:&i0&)5'/4"/4&#5$&5$"45#&*.&%$2$)#$-&*9$(5$'-&

,2'/$%1&*8%)3("/4&)$(#'"/&"/#$("*(&9"$6%&'/-&*,$/"/4&3,&*#5$(%1&+*9"/4&#5$&2*)'#"*/&*.&

42'I"/4&#*&9'(0&2"45#&-"%#("83#"*/&'/-&$7#$("*(&9"$6%1&%2"45#20&%5".#"/4&'-B')$/)"$%&'/-&

%$J3$/)$%1&'/-&)5'/4"/4&%0++$#("$%1&5$&"%&'82$&#*&')5"$9$&'/&"+,(*9$-&$/9"(*/+$/#1&*/$&

#5'#&"%&)*/-3)"9$&#*&#5$&*))3,'/#g%&6$22&8$"/4:&

F$&/*&2*/4$(&2"9$&"/&#5$&/'#3('2&$/9"(*/+$/#&"/&65")5&*3(&,($.$($/)$%&.*(&)*+,2$7&

*(-$(1&($.34$&'/-&,(*%,$)#1&$/#")$+$/#1&'/-&,$("2&$9*29$-&'%&'&+$'/%&*.&%3(9"9'2:&O$#&6$&

%#"22&)'((0&#5$&9$%#"4$%&*.&#5$%$&,($.$($/)$%&6"#5"/&3%1&%*&/*6&6$&+3%#&$/%3($&#5'#&#5$0&

*))3(&"/&#5$&83"2#&$/9"(*/+$/#&#*&'%%3($&$+*#"*/'2&6$22?8$"/4:&Q"2-$8('/-&%344$%#%&#5'#&

*3(&'()5"#$)#3($&8$&'&Z%3((*4'#$[&*(&Z+")(*)*%+[*.&&/'#3($:

b*22*6"/4&'($&#5$&'()5"#$)#3('2&,($)$-$/#%&#5'#&W&5'9$&8$43/&6"#5E&;5$&L,$/&^"(&

]"8('(0&"/&K'4-$83(4&m$(+'/01&;5$&Q"452"/$&"/&N$6&O*(>&!"#01&]$&`S&W/#$(%#")$&"/&

X'("%1&'/-&U,')$83%#$(1&'&+*8"2$&3(8'/&,382")&%,')$:&;5$&'(#"%#%& &W&5'9$&2**>$-&'#&65*&

5'9$&5'-&'/&"+,')#&*/&3(8'/&,382")&%,')$&'($E&m*(-*/&K'##'?!2'(>1&!5("%#*1&'/-&P')5$2&

F5"#$($'-:&b"/'2201&W&5'9$&8$43/&#*&)*/%"-$(&%*+$&($%"-3'2&%,')$&%"#$%&#5'#&+'0&5'9$&

,*#$/#"'2&#*&8$)*+$&,382")&3(8'/&%,')$:

(((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((();(((((((((((
 !"#$%&'(<

%"&(#'!",%&!%/'#1($'&!&*&-%2

%>?(=@?3(#:5(1:L5B5M

;5$&L,$/&'"(&]"8('(0N&-$%"4/$-&80&A^PL&^()5"#$)#%1&6'%&83"2#&"/&#5$&

U'28>$&-"%#(")#&*.&K'4-$83(41&m$(+'/0&"/&@YYR:&;5$&%"#$&5'-&.*(+$(20&8$$/&'&2"8('(01&

65")5&83(/$-&-*6/1&'/-&#5$($&6'%&/*&+*/$0&"++$-"'#$20&'9'"2'82$&#*&83"2#&'&/$6&*/$:&

;5$&)*/)$,#&6'%&."(%#&$%#'82"%5$-&"/&@YY`1&6"#5&'&)*++3/"#0&"/#$(9$/#"*/1&"/&65")5&

($%"-$/#%&5$2,$-&#*&)*/%#(3)#&'&=E=&+*-$2&*.&#5$&.3#3($&2"8('(0&.(*+&-*/'#$-&8$$(&)('#$%: =S&

;5$&)*++3/"#0&'2%*&-*/'#$-&8**>%1&6"#5&#5$&)3(($/#&2"8('(0&5'9"/4&*9$(&@Y1&YYY&8**>%:&

d9$/#3'2201&#5$&.$-$('2&+"/"%#(0&'22*##$-&.3/-%1&'/-&A'(*&^()5"#$)#%&-$%"4/$-&#5$&)3(($/#&

%#(3)#3($1&65")5&6'%&*,$/$-&"/&<3/$&@YYR:

& K'4-$83(4&"%&"/&#5$&/*(#5$'%#$(/&,'(#&*.&m$(+'/01&'8*3#&c`&+"2$%&6$%#&*.&i$(2"/:&

W#&"%&2*)'#$-&*/&#5$&d28$&P"9$(:&;5$&,*,32'#"*/&"%&'(*3/-&@@R1YYY:&W#&"%&'&.*(+$(&"/-3%#("'2&

)"#0&("/4$-&80&.'(+2'/-:&k/#"2&($3/".")'#"*/&"/&=RRY1&"#&6'%&,'(#&*.&#5$&m$(+'/&

M$+*)('#")&P$,382"):&K'/0&83"2-"/4%&6$($&-$%#(*0$-&-3("/4&FF&WW1&'/-&#5$&+'/0&*.&#5$&

($+'"/"/4&83"2-"/4%&8$)'+$&(3/-*6/&'/-&'8'/-*/$-&'%&"/-3%#(0&2$.#&K'4-$83(4:&;5$($&

"%&5"45&3/$+,2*0+$/#1&'/-&%*+$&$%#"+'#$%&*.&,3#&#5$&,$()$/#'4$&*.&$+,#0&-*6/#*6/&

83"2-"/4%&'#&VYn:&

;5$&%"#$&*.&#5$&2"8('(0&"%&"/&#5$&U'28>$&-"%#(")#1&'#&#5$&"/#$(%$)#"*/&*.&'&#6*&

)*++$()"'2&%#($$#%&'/-&'&($%"-$/#"'2&%#($$#:&W+'4$%&*.&#5$&U'28>$&-"%#(")#&%5*6&'&+"7#3($&

=S X382")&U,')$:*(41&666:,382")%,')$:*(4l$/l,("I$1&@Y==

(((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((()<(((((((((((
*.&2'(4$&5*3%"/4&,(*B$)#%1&%+'22&%"/42$&.'+"20&5*3%$%1&'8'/-*/$-&"/-3%#("'2&.')"2"#"$%1&('"2&

2"/$%1&'/-&2'(4$20&$+,#0&*,$/&%,')$%:&&;5$&'9$('4$&#$+,$('#3($%&"/&K'4-$83(4&'($&SC&

-$4($$%&b&"/&<3/$1&'/-&@\&-$4($$%&&"/&M$)$+8$(:&;5$($&'($&'/&'9$('4$&*.&=@&#*&=S&6$#&

-'0%&,$(&+*/#5:

;5$&%"#$&5'-&8$$/&'/&$+,#0&2*#&%"/)$&#5$&=RVYD%1&65$/&#5$&.*(+$(&2"8('(0&83(/$-:&

;5$&'()5"#$)#%&5'9$&%#'#$-&#5'#&&ZP$+$+8('/)$1&5"%#*(0&'/-&/'(('#"9$%&,(*9"-$-&#5$&

8')>4(*3/-&.*(&#5$&Z($?&*))3,'#"*/[&*.&#5$&'8'/-*/$-&$7,'/%$:[ =c&&U"/)$&#5$($&'($&%*&

+'/0&$+,#0&83"2-"/4%&"/&#5$&-"%#(")#1&#5$&'()5"#$)#%&'/-&)*++3/"#0&.$2#&#5'#&"#&6'%&/*#&

',,(*,("'#$&#*&83"2-&'/*#5$(&83"2-"/4:&U*&'&-"..$($/#&)*/)$,#&*.&65'#&'&2"8('(0&)*32-&8$&

6'%&)*/%"-$($-:&;5$&-$%"4/&)*/)$,#&$+,5'%"I$%&'&Z&4($$/&2"9"/4&(**+&6"#5&'&5'(-&*3#$(&

%>"/&'/-&'&%*.#&)*($:[=V&;5$&%,')$&"%&"/#$/-$-&#*&8$&'&,2')$&65$($&'22&'4$%&)'/&)*+$&

#*4$#5$(:&;5$&2"8('(0&"%&'))$%%"82$&@\&5*3(%&'&-'01&8*#5&'%&'&%"#$&#*&8*((*6&8**>%1&'/-&'%&'&

%"#$&.*(&'&9'("$#0&*.&*#5$(&')#"9"#"$%&.(*+&)*/)$(#%&#*&&+$$#"/4%&#*&B3%#&5'/4"/4&*3#:&

<')*8%D&!"#$%#&'"$&()$*+,#$-,$./#&'$01#/+2&($3+'+#41&$+,5'%"I$%&#5$&"+,*(#'/)$&*.&

,382")&%,')$%&65")5&'22*6&,$*,2$&#*&)*+$&'/-&4*&'#&'22&5*3(%1&8*#5&.*(&#5$&%'.$#0&($'%*/%&

'/-&.*(&9"#'2"#0&*.&'&%,')$:=R&;5$&8**>%&'($&>$,#&"/&3/2*)>$-&&83"2#?"/&42'I$-&)'%$%1&'/-&

#5$($&'($&'&9'("$#0&*.&/**>%&'/-&%3(.')$%&.*(&9"%"#*(%&#*&*))3,0&65"2$&($'-"/4&*(&4'#5$("/4:&

U#(3)#3('2201&#5$&83"2-"/4&,(*9"-$%&%5$2#$($-&%,')$&*/&#5$&/*(#5&'/-&$'%#&%"-$%1&'/-&"%&*,$/&

#*&'&%+'22&*3#-**(&,2'I'1&6"#5&6'2>6'0%&'/-&%$'#"/4&%#(3)#3($%&#*&#5$&%*3#5&'/-&$'%#:&W#&"%&

%"#$-&6"#5"/&'&%+'22&#("'/42$&)($'#$-&80&#5($$&(*'-%1&'/-&"%&9"%3'220&'/-&,50%")'220

=c W8"-
=V "8"-
=R <')*8%1&%#&'"$&()$*+,#$-,$./#&'$01#/+2&($3+'+#4

(((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((()A(((((((((((
&'))$%%"82$&.(*+&#5$&%#($$#%1&'9*"-"/4&'&Z8*(-$(&I*/$[&*.&-$'-&%,')$&8$#6$$/&#5$&%"#$&'/-&

#5$&($%#&*.&#5$&3(8'/&/$"458*(5**-:&

;5$&+'#$("'2%&'/-&%#(3)#3($&*.&#5$&83"2-"/4&'($&)2$'(20&($2'#$-&#*&#5$&*("4"/'2&8$$(&)('#$&

%#(3)#3($1&'%&$9"-$/)$%&80&#5$&'(#")32'#$-&%J3'($&.')'-$&,'/$2%:&;5$&'()5"#$)#%&6'/#$-&#*&

3%$&($)0)2$-&+'#$("'2%1&'/-&.*3/-&#5$%$&'23+"/3+&,'/$2%&%"##"/4&"/&'&6'($5*3%$&

'8'/-*/$-&"/&#5$&=RSYD%:&;5$&.')'-$&6'%&"/%,"($-&"/&.*(+&'/-&#$7#3($&"/&,'(#&80&#5$&6*(>&

*.&d-6'(-&M3($22&U#*/$1&65*%$&*6/&6*(>&*.#$/&.$'#3($-&%"+"2'(&Z4("22$[&.')'-$%:&;5$&

8'%$&*.&#5$&2"8('(0&"%&,'"/#$-&80&2*)'2&4('.."#"&'(#"%#%&5"($-&80&#5$&'()5"#$)#%1&'/-&

$+,2*0"/4&#5'#&%#('#$40&5'%&>$,#&4('.."#"&'(#"%#%&.(*+&#'44"/4&*#5$(&%3(.')$%&*.&#5$&2"8('(0:

;5$&2"8('(0&6'%&-$%"4/$-&#*&8$&%3%#'"/'82$E&"/&'--"#"*/&#*&3%"/4&($)0)2$-&+'#$("'2%1&"#&

-*$%/D#&3%$&5$'#"/4&*(&'"(&)*/-"#"*/"/4&%"/)$&"#&"%&'/&*,$/&%,')$:&&d9$/&"/&#5$&(*345&

$/9"(*/%&*.&K'4-$83(41&9'/-'2"%+&5'%&8$$/&+"/"+'21&'%&#5$&($%"-$/#%&5'9$&8$$/&"/9*29$-&

'/-&"/9$%#$-&"/&#5$&,(*B$)#&.(*+&#5$&9$(0&8$4"//"/4:&;5$&2"8('(0&"%&/*6&+'/'4$-&'/-&

+'"/#'"/$-&80&#5$&U'28>$&)*++3/"#0:

;5"%&"%&3(8'/&,382")&%,')$&#5'#&%3))$$-%&*/&+'/0&2$9$2%:&W#&"%&"/#$4('#$-&"/#*&#5$&

.'8(")&*.&#5$&)"#0E&"#&"%&-"($)#20&'-B')$/#&#*&#5$&%#($$#1&"/&.')#&#5$&%*3#5&'/-&6$%#&%"-$%&*.&#5$&

%"#$&*,$/&3,&-"($)#20&#*&#5$&%#($$#1&)*?+"/42"/4&#5$&')#"9"#"$%&*.&#5$&%#($$#&'/-&#5$&2"8('(0&

%"#$:&L/$&)'/&($'-&#5$&%"#$&'/-&#5$&%#(3)#3($&9$(0&$'%"201&+'>"/4&"#&.$$2&2">$&'&%'.$&,2')$&#*&

$/#$(&"/#*:&W#&"%&'&,382")&%,')$&#5'#&"%&'&-$%#"/'#"*/&6"#5&'&,3(,*%$E&*/$&)'/&4*&#5$($&#*&

8*((*6&8**>%1&83#&$9$/&#5*%$&65*&'($/D#&#5$($&#*&($'-&)'/&%#"22&+$$#&3,&6"#5&.("$/-%&*(&%"#&

'/-&*8%$(9$&#5$&%#($$#&2".$:&;5$($&'($&'&9'("$#0&*.&%,')$%&-$%"4/$-&#*&'22*6&.2$7"8"2"#0?&

,382")&4'#5$("/4%1&,2'0%1&)*/)$(#%1&'/-&+$$#"/4%&#'>$&,2')$&5$($:&X$*,2$&)'/&($'-&65"2$&

(((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((()F(((((((((((
%"##"/4&'/-&$/B*0"/4&#5$&*,$/&'"(1&)5"2-($/&)'/&,2'0&1&(3/&'(*3/-1&)2"+8&*(&("-$&8">$%:&

U,'#"'2201&#5$&%"#$&5'%&'&4**-&8'2'/)$&*.&83"2#&%#(3)#3($&'/-&*,$/&%,')$1&65")5&"/#$4('#$&

6"#5&$')5&*#5$(&#*&)($'#$&'&%3))$%%.32&*,$/&'"(&2"8('(0

b"43($&=E&;5$&L,$/&^"(&]"8('(01&."43($&*/&."2$&6"#5&^()5"#$)#3($&M$,'(#+$/#

(((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((()G(((((((((((
 %>?(":D>O:3?

;5$&Q"452"/$(&"%&'/&$2$9'#$-&,$-$%#("'/&,'(>&(3//"/4&.(*+&m'/%$9**(#&U#:&#*&F$%#&

@Y#5&U#:&*/&#5$&6$%#&%"-$&*.&K'/5'##'/:&W#&"%&'))$%%"82$&80&%#'"(%&'/-&$2$9'#*(%&.(*+&

%$9$('2&,*"/#%&'2*/4&=Y#5&^9$/3$:&X2'/%&'($&"/&,2')$&.*(&#5$&Q"452"/$&#*&$9$/#3'220&

)*/#"/3$&#*&F$%#&C\#5&U#:&W#&"%&*,$/&.(*+&c'+&#*&V,+&"/&#5$&6"/#$(1&c'+&#*&=Y,+&"/&

%,("/41&%3++$(&'/-&.'221&0$'(&(*3/-&'%&6$'#5$(&)*/-"#"*/%&,$(+"#:

M$%"4/$-&80&<'+$%&!*(/$(&b"$2-&L,$('#"*/%1&6"#5&M"22$(1&U)*."-"*&o&P$/.(*1&#5$&

$2$9'#$-&%#(3)#3($&6'%&"/&3%$&'%&'&('"2&2"/$&.(*+&#5$&=RCYg%&3/#"2&=RVY1&65$/&('"2&#('..")&

6'%&-"%)*/#"/3$-&*/&#5$&2"/$:&W/&=RRR1&b("$/-%&*.&#5$&Q"452"/$&6'%&.*(+$-&#*&8$4"/&#*&

%#3-0&,*%%"82$&3%$%&.*(&#5$&'8'/-*/$-&%#(3)#3($:&

^&-$%"4/&)*+,$#"#"*/&$/%3$-1&'/-&'&-$%"4/&#$'+&)5*%$/&"/&@YY\:&;5$&Q"452"/$&

*,$/$-&#*&#5$&,382")&"/&@YYR:&^2*/4&"#g%&,'#51&#5$($&'($&-"%#"/)#&/*-$%&#5'#&$+,5'%"I$&

/'#3($1&'(#&"/%#'22'#"*/1&9$%#"4$%&*.&"/-3%#(01&)*//$)#"*/&6"#5&#5$&)"#01&9"%3'2&)*//$)#"*/&#*&

/$6&'()5"#$)#3($1&.('+$-&9"$6%&8$0*/-&K'/5'##'/1&&'/-&,382")&4'#5$("/41&8*#5&.*(+'2&

'/-&%,*/#'/$*3%:&

P3//"/4&#5(*345&#5$&!5$2%$'&-"%#(")#&*/&#5$&6$%#&%"-$&*.&K'/5'##'/&#*&"#%&

#$(+"/'#"*/&"/&#5$&K$'#,')>"/4&-"%#(")#1&#5$&Q"452"/$&"%&)3(($/#20&=:\`&+"2$%&2*/41&6"#5&

,*#$/#"'2&#*&)*/#"/3$&/*(#5&'/*#5$(&#6$29$&82*)>%&#*&C\#5&U#:&W#&(3/%&'2*/4&=Y#5&^9$:1&6"#5&

,*"/#%&*.&$/#('/)$&'#&m'/%$9**(#1&=\#51&=S#51&=V#5&'/-&@Y#5&U#:&;5$&%"#$&6'%&'&.*(+$(&('"2&

.($"45#&$2$9'#$-&%#(3)#3($&65")5&,"$()$-&#5(*345&#5$&!5$2%$'&/$"458*(5**-1&6"#5&%#($$#%&

#*&#5$&$'%#&8$"/4&,("+'("20&($%"-$/#"'21&'/-&%#($$#%&#*&#5$&6$%#1&.(*+&#5$&('"2&2"/$&#*&#5$&

("9$(1&8$"/4&,("+'("20&"/-3%#("'2:&;*&#5$&/*(#51&#5$&('"2&2"/$%&)*/#"/3$&#*&'&('"2&0'(-1&*/&#5$&

(((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((()H(((((((((((
%*3#5&"%&#5$&K$'#,')>"/4&-"%#(")#1&65")5&&/*6&.$'#3($%&($%#'3('/#%1&4'22$("$%&'/-&8*3#"J3$%&

+"/42$-&&6"#5&%*+$&%#"22?$7"%#"/4&#('-"#"*/'2&3%$:&

;5$&)*/)$,#&8$4'/&6"#5&b("$/-%&*.&#5$&Q"452"/$&.*(+"/4&#*&-"%)3%%&,*%%"82$&3%$%&

.*(&#5$&'8'/-*/$-&('"2&%#(3)#3($:&;5$&/$"458*(5**-&5'-&.*(+$(20&8$$/&%*+$65'#&(3/&

-*6/1&"/-3%#("'21&-$%*2'#$&"/&#5$&$9$/"/4%:&;5$&('"2&%#(3)#3($1&.')#*("$%1&'/-&,'(>"/4&2*#%&*.&

#5$&-"%#(")#&$..$)#"9$20&)3#&*..&#5$&($%"-$/#"'2&'/-&)*++$()"'2&82*)>%&*.&!5$2%$'&G#*&#5$&

$'%#H&.(*+&#5$&Q3-%*/&P"9$(&6'#$(.(*/#:&M3("/4&#5$&=RRYg%1&"/&'&,*%#"/-3%#("'2&

"/)'(/'#"*/1&#5$&82*)>%&'(*3/-&#5$&Q"452"/$&8$4'/&#*&'##(')#&'(#&4'22$("$%1&'(#"%#%1&'/-&*#5$(&

($2'#$-&83%"/$%%$%:&W/&=RRR1&#5$&('"2&2"/$&6'%&%)5$-32$-&.*(&-$+*2"#"*/1&'/-&9"$6"/4&"#&'%&'&

3/"J3$&'%%$#1&'&4(*3,&.*(+$-&#*&%'9$&"#:&

;5$&'()5"#$)#%&'($&J3*#$-&'%&%'0"/4&#5$0&6'/#$-&#*&,($%$(9$&%*+$&*.&!5$2%$'g%&

.*(+$(&4("##"/$%%&"/&#5$&-$%"4/:@Y&;5$&"(*/&'/-&%#$$2&%#(3)#3($&*.&#5$&Q"452"/$&"%&"/#')#1&'%&

'($&9$%#"4"'2&,*(#"*/%&*.&#5$&#(')>%&65")5&*/)$&)'(("$-&#('"/%&.322&*.&+$'#&#*&m'/$%9**(#&

U#:&N$6&+'#$("'2%&65")5&5'9$&8$$/&"/)*(,*('#$-&'($&%$)#"*/%&*.&)*(#$/&%#$$21&6**-&

,2'/>"/41&'/-&4('/"#$:&X5*#*4(',5%&*.&#5$&2"/$&'.#$(&#5$&#('"/%&%#*,,$-&(3//"/4&%5*6&'&

6"2-&2'/-%)',$1&*9$(#'>$/&80&/'#3($:&;5"%&6'%&'22&)2$'($-&*3#&'%&#5$&%#(3)#3($&5'-&#*&8$&

8(*345#&-*6/&#*&8'($&$2$+$/#%&8$.*($&8$"/4&83"2#&3,&'4'"/:&N*6&#5$($&'($&%$)#"*/%&*.&#5$&

,'(>&#5'#&'($&,2'/#$-&6"#5&#5$&%'+$&%,$)"$%&*.&4('%%$%1&6"2-.2*6$(%&'/-&#($$%&#5'#&+'0&

5'9$&.2*3("%5$-&#5$($&8$.*($1&83#&#5$0&'($&-$2"8$('#$1&-$%"4/$-&'(*3/-&6'2>6'0%&*.&6**-&

'/-&4('/"#$&#5'#&'22*6&.*(&,$-$%#("'/&'))$%%"8"2"#0:&W#&6"22&8$&"/#$($%#"/4&#*&%$$&5*6&#5$&

,2'/#$-&'($'%&'($&+'"/#'"/$-&*9$(&#"+$1&".&#5$0&6"22&8$&'22*6$-&#*&($.$($/)$&#5$&8'2'/)$&*.&

@Y&&M"22$(1&U)*."-"*&o&P$/.(*1&666:-%(/0:)*+1&@Y==

(((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((()I(((((((((((
6"2-&8$'3#0&'/-&-$)'0&#5'#&$7"%#$-&8$.*($:&

;5$($&'($&+'/0&)*//$)#"*/%&#5(*345*3#&#5$&Q"452"/$&#*&#5$&%3((*3/-"/4&'($':&;5$&

%#(3)#3($&*.&#5$&,'(>&"#%$2.&"/#$4('#$%&9"%3'220&'/-&,50%")'220&"/#*&#5$&)"#01&6"#5&%$9$('2&

,*"/#%&'#&65")5&#5$&6'2>6'0&,'%%$%&&#5(*345&#5$&%#(3)#3($&*.&83"2-"/4%:&;5$($&"%&'&

9"$6"/4&6"/-*6&*9$(2**>"/4&;$/#5&^9$/3$1&65")5&.(*+&#5$&%#($$#&4"9$%&#5$&',,$'('/)$&

*.&'&2"9"/4&8"228*'(-1&'/-&.(*+&#5$&Q"452"/$&%"-$1&'22*6%&*/$&#*&.$$2&'%&".&#5$0&'($&.2*'#"/4&

'8*9$&#5$&#('.."):&;5$($&"%&'&9'/#'4$&,*"/#&.(*+&65")5&83"2-"/4&6'22%&'/-&%>06'2>%&.('+$&

'&9"$6&*.&N$6&O*(>&Q'(8*(&'/-&#5$&U#'#3$&*.&]"8$(#0:&;5$($&'($&*,$/"/4&8$#6$$/&#5$&

'-B')$/#&83"2-"/4%&65")5&.('+$&9"$6%&*.&#5$&6'#$(.(*/#g%&.*(+$(&')#"9"#0?&,"$(&,*%#%&'/-&

"(*/6*(>&($+'"/"/4&.(*+&#5$&-'0%&*.&%5",,"/4&'/-&6'($5*3%$&"/-3%#(0:&b(*+&#5$&

Q"452"/$1&*/$&'2%*&)'/&4$#&9'(0"/4&,$(%,$)#"9$&9"$6%&*.&#5$&/$6&'()5"#$)#3($&%3((*3/-"/4&

"#:

Q*6$9$(1&65$/&9"%"#"/4&#5$&Q"452"/$&*/&'&%,("/4&-'01&"#&8$)'+$&',,'($/#&#5'#&#5'#&

"%&#5$&,($-*+"/'/#&')#"9"#0E&9"%"#"/4:&;5$($&6$($&)(*6-%&6'2>"/4&#5$&2$/4#5&*.&#5$&,'(>1&

'/-&+*%#&*.&#5$&')#"9"#0&%$$+$-&#*&8$&)$/#$($-&'(*3/-&,$*,2$&#'>"/4&,")#3($%&*.&$')5&

*#5$(&*/&#5$&Q"452"/$:&W/&#5"%&6'01&#5$&Q"452"/$&%$$+$-&'&8"#&($+*9$-&.(*+&#5$&$9$(0-'0&

$7,$("$/)$&*.&#5$&)"#0:&W/&*#5$(&,2')$%&65$($&('"2&8$-%&5'9$&8$$/&#3(/$-&"/#*&#('"2%1&#5$($&

'($&+*($&J3*#"-"'/&3%$%1&%3)5&'%&"/&!',$&!*-1&65$($&+'/0&,$*,2$&3%$&#5$&#('"2&#*&

)*++3#$&#*&6*(>&80&8">$:&^&2**>&'#&#5$&Q"452"/$g%&6$8%"#$&2"%#%&#5$&3%$%&#5'#&'($&/*#&

'22*6$-E&N*&8">$%1&/*&(*22$(82'-$%&*(&%>'#$8*'(-%1&/*&-*4%1&/*&.("%8$$%&*(&8'22%1&,$(+"#%&

'($&/$$-$-&.*(&+'/0&#0,$%&*.&4'#5$("/4:&;5$($&'($&%$#&5*3(%?&".&0*3&6'/#$-&#*&3%$&#5$&

Q"452"/$1&.*(&"/%#'/)$1&'%&'&(*3#$&.(*+&5*+$&#*&6*(>1&0*3&6*32-&5'9$&#*&+'>$&%3($&"#&6'%&

(((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((()J(((((((((((
8$#6$$/&)$(#'"/&5*3(%:&;5$&6$8%"#$&'2%*&+$/#"*/%&#5'#&"/&,5'%$&@1&Z#5$($&6"22&8$&'&2'6/&

'($'&65$($&#5$&,382")&6"22&8$&.($$&#*&6'2>1&,2'0&'/-&,")/"):[ @=&L/$&*.&#5$&)("#")"%+%&#5'#&

<')*8%&2$9$2%&'#&#5$&-$%"4/&*.&!$/#('2&X'(>&"%&#5'#&"#&)($'#$%&'&8*(-$(&I*/$&80&/*#&'22*6"/4&

#5$&')#"9"#"$%&*.&#5$&'-B')$/#&%#($$#%&#*&,$/$#('#$&"#: @@&;5$&3%$%&'($&#**&($%#(")#"9$&#*&'22*6&

#5"%&#*&8$)*+$&'&%,')$&#5'#&"%&#(320&"/#$4('#$-&"/#*&#5$&)"#0:&;5$&)*/)$,#&%$$+%&+*($&

($+"/"%)$/#&*.&L2+%#$'-g%&&)*/)$,#&*.&'22*6"/4&#5$&+'%%$%&#*&($+*9$&#5$+%$29$%&.(*+&

#5$&3(8'/&$/9"(*/+$/#&#*&$7,$("$/)$&/'#3($1&#5'/&6"#5&<')*8g%&)*/)$,#&*.&6$'9"/4&,382")&

%,')$&6"#5"/&#5$&)"#0&.'8("):&U*&$9$/&#5*345&#5$&-$%"4/&'/-&+'#$("'2%&*.&#5$&Q"452"/$&($'-&

'%&'/&"/#$4('#"*/&6"#5&#5$&/$"458*(5**-&'/-&"#g%&5"%#*(0&'/-&3%$%1&#5$&,(*4('+&($'-%&'%&'&

#('-"#"*/'2&,'(>1&6"#5&'/&'%%*)"'#$-&2$9$2&*.&)*/#(*2&"/&8*#5&-$%"4/&'/-&3%$:

@= &Q"452"/$1666:#5$&5"45"/$:*(41&@Y==
@@ <')*8%1&*+,#$&()$%#&'"$-,$./#&'$01#/+2&($3+'+#4

((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((;K(((((((((((
 &&b"43($&@E&;5$&N$6&'/-&#5$&e$%#"4"'2&^2*/4&#5$&Q"452"/$

((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((;)(((((((((((
 b"43($&CE&b('+$-&e"$6%

((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((;;(((((((((((
 b"43($&\E&;5$&Q"452"/$&U"#$

((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((;<(((((((((((
 b"43($&`E&]'/-&k%$%

((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((;A(((((((((((
 1?(,34?5E4:9?(FG

]$&W/#$(%#")$&`S&#('/%.*(+%&'/&'22$06'0&8$#6$$/&#6*&83"2-"/4%&"/#*&'&)*++3/"#0&

4'(-$/1&)*+,*%#"/4&'/-&($)0)2"/4&)$/#$(1&'/-&'&6*(>"/4&$)*2*4")'2&2'8*('#*(0:&&M$%"4/$-&

80&^#$2"$(&-D^()5"#$)#3($&^3#*4$($$1&#5$&,(*B$)#&"%&'&,'(#/$(%5",&8$#6$$/&2*)'2&

4*9$(/+$/#&'4$/)"$%1&2*)'2&*(4'/"I'#"*/%1&/$"458*(5**-&($%"-$/#%1&'/-&'&,(*.$%%"*/'2&

*(4'/"I'#"*/&65")5&%,*/%*(%&$-3)'#"*/'2&,(*4('+%&#5$($:&]$&W/#$(%#")$&`S&"%&'/&

'()5"#$)#3('2&"/#$(9$/#"*/&65")5&5'%&"/9*29$-&#5$&)*++3/"#0&"/&8*#5&#5$&)*/%#(3)#"*/&'/-&

#5$&*/4*"/4&3#"2"I'#"*/&*.&#5$&%,')$:&;5$&,(*B$)#&6'%&8$43/&"/&@YYc&'/-&)*+,2$#$-&"/&

@YYR:

]*)'#$-&'#&`S&P3$&U#:&i2'"%$1&"/&#5$&U#:&i2'"%$&/$"458*(5**-&"/&#5$&$'%#&*.&X'("%1&

#5$&'22$0&6'%&,($9"*3%20&."22$-&6"#5&#('%51&8'%")'220&3(8'/&($%"-3'2&%,')$:&;5$&%"#$&"%&%+'221&

',,(*7"+'#$20&S`Y&%J:&.#:&;5$&'22$06'0&5'-&8$$/&)2*%$-&"/&#5$&=RVYD%&-3$&#*&*#5$(&

)*/%#(3)#"*/&"/&#5$&'($'1&'/-&($+'"/$-&)2*%$-&'%&'&,'%%'4$6'0:&^))*(-"/4&&#*&

666:,382")%,')$:*(41&P3$&U#:&i2'"%$&5'%&8$)*+$&(3/-*6/&"/&($)$/#&0$'(%1&83%"/$%%$%&

5'9$&)2*%$-1&'/-&#5$&%#($$#&5'%&8$)*+$&%*+$65'#&3/%'.$:&U*)"'2&"/#$(')#"*/&5'%&8$$/&

"+,'"($-&-3$&#*&#5$&4$/$('2&)*/-"#"*/&*.&#5$&/$"458*(5**-:&;5$&U#:&i2'"%$&-"%#(")#&"%&'&

-$/%$20&,*,32'#$-&'/-&)32#3('220&-"9$(%$&'($':&;5$&)2"+'#$&"%&#$+,$('#$1&6"#5&'/&'9$('4$&

5"45&*.&SV&-$4($$%&b'5($/5$"#&"/&<3201&'/-&2*6&*.&CV&-$4($$%&b'5($/5$"#&"/&<'/3'(0:&

X($)","#'#"*/&'9$('4$%&'($&'&5"45&*.&=c&6$#&-'0%&"/&<'/3'(01&'/-&'&2*6&*.&==&6$#&-'0%&"/&

<320:&W/&<'/3'(01&#5$($&'($&V:`&5*3(%&*.&-'02"45#1&'/-&"/&<3201&=`:`&5*3(%&*.&-'02"45#:&;5$%$&

%#'#"%#")%&'($&($2$9'/#&#*&#5$&4'(-$/"/4&'%,$)#&*.&]$&`S&W/#$(%#")$:&;5$&"/#$/#"*/&*.&#5$&

,(*B$)#&"%&#('/%.*(+'#"*/&*.&#5$&8*3/-'("$%&*.&#5$&%"#$&"/#*&"/#$(')#"9$&-$9")$%1&65")5&

((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((;F(((((((((((
('#5$(&#5'/&%$,'('#"/41&+32#",20&$7)5'/4$&'/-&)*//$)#"*/:&U"+"2'(&#*&#5$&L,$/&^"(&

]"8('(01&#5"%&,(*B$)#&6'%&8$43/&6"#5&)*++3/"#0&"/#$(')#"*/1&($)0)2$-&83"2-"/4&+'#$("'2%1&

'/-&#$+,*('(0&"/%#'22'#"*/%:&;5$&%#(3)#3($1&%3%,$/-$-&8$#6$$/&#5$&#6*&'-B')$/#&83"2-"/4%1&

,(*9"-$%&'&#5($%5*2-&8$/$'#5&65")5&*/$&,'%%$%&#*&$/#$(&#5$&4'(-$/1&'%&6$22&'%&%,')$&#*&

5*2-&$9$/#%:&;5$&%"#$&"%&%$2.?%3%#'"/"/41&6"#5&%*2'(&,'/$2%&#*&,(*9"-$&$/$(401&'&('"/6'#$(&

)*22$)#"*/&%0%#$+&#*&6'#$(&#5$&4'(-$/1&)*+,*%#&.')"2"#"$%&#*&8*#5&($)0)2$&*(4'/")&($.3%$&

'/-&.$(#"2"I$&#5$&,2'/#%1&'/-&*.&)*3(%$&9$4$#'82$&,2*#%&#*&,(*9"-$&.**-:&;5$&,(*B$)#&"%&'2%*&

%*)"'220&%3%#'"/'82$1&'%&#5$&%,')$&5'%&9'(0"/4&')#"9"#0&#5(*345*3#&#5$&-'0&'/-&#5$&%$'%*/%1&

'/-&8("/4%&,$*,2$&.(*+&#5$&-"%#(")#&#*4$#5$(&.*(&#5$%$&')#"9"#"$%:&;5$&3%$(%&*.&#5$&%"#$&

)*/#"/3$&#*&%5',$&'/-&)5'/4$&#5$&%"#$1&+'>"/4&"#&'&,382")&%,')$&#5'#&"%&-0/'+")&'/-&

.2$7"82$:&b('/>$&'/-&U#$9$/%&-"%)3%%&#5($%5*2-%E&5*6&#5$0&)'/&')#&#*&%$,'('#$&'/-&)*//$)#&

%"+32#'/$*3%20:@C&;5$&)*//$)#"/4&%#(3)#3($&"/&]$&`S&"/#$(%#")$&"%&'&#5($%5*2-E&'/&,'%%'4$&

#5'#&)*//$)#%&P3$&U#:&i2'"%$&#*&#5$&4'(-$/1&83#&'2%*&%$,'('#$%&#5$&%#($$#&2".$&.(*+&#5$&

')#"9"#"$%&*.&4'#5$("/41&4'(-$/"/4&'/-&($)0)2"/4:

P$%$'()5"/4&#5"%&,(*B$)#&2$-&+$&#*&#5$&#$(+&9&/'+2+9&'-/D$&/2"+'#2'>/#5&65")5&6*32-&

-$%)("8$&]$&`S&W/#$(%#")$&'%&6$22&'%&'&,($9"*3%&,($)$-$/#1&#5$&L,$/&^"(&]"8('(0:&&W/&#5$&

8**>&0/2"+'#2'>/#$&()$E&/'+2+9&'+-(5&$-"#$-&80&X$#$(&i23/-$22&<*/$%1&"#&"%&,*%"#$-&"/&'/&

$%%'0&80&m"'/)'(2*&M$!'(2*&#5'#&&K*-$(/"%+&5'-&'&-"%)*//$)#&.(*+&#5$&,382")&3%$(%&*.&

'()5"#$)#3($E&Zi0&-"%#'/)"/4&"#%$2.&.(*+&#5$&($'2&)*/#$7#&*.&%*)"$#0&'/-&"#D%&+*%#&)*/)($#$&

$/9"(*/+$/#'2&/$$-%1&#5$&K*-$(/&+*9$+$/#&B3%#&'))$/#3'#$-&#5$&%3,$(.23"#0&*.

'()5"#$)#3($:[@\&X'(#")",'#*(0&'()5"#$)#3($&"/9$/#%&'&/$6&+*-$21&"/&65")5&'()5"#$)#%1

@C b('/>$&'/-&U#$9$/%1&*--4#$89&2#

((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((;G(((((((((((
*(4'/"I'#"*/%&'/-&)*++3/"#0&+$+8$(%&6*(>&#*4$#5$(:&;5$&($%32#&"%&*/4*"/4&,'(#")",'#"*/&

"/&#5$&,(*B$)#1&*,,*(#3/"#0&.*(&)5'/4$&'/-&'-',#'8"2"#0&'%&/$$-$-1&&'/-&'&.$$2"/4&*.&

)*++3/"#0&*6/$(%5",:&L.#$/&#5"%&+*-$2&"%&3%$-&"/&&%"#$%&#5'#&'($&($)2'"+$-&.(*+&($%"-3'2&

3(8'/&%,')$1&65$($&+*($&#('-"#"*/'2&#0,$%&*.&-$9$2*,+$/#&+'0&/*#&8$&9"'82$:&;5"%&#0,$&*.&

'()5"#$)#3($&)'/&8$&($2'#$-&#*&%"#$&%,$)".")&6*(>%&%3)5&'%&m*(-*/&K'##'?!2'(>D%&%&DP4$

Q()$5$"/&65")5&'/&"/#$(9$/#"*/&6'%&,$(.*(+$-&*/&'&,"$(&6'($5*3%$1&#('/%.*(+"/4&"#&.(*+&'&

-'(>1&'8'/-*/$-&%#(3)#3($&#*&'&%,')$&."22$-&6"#5&+*9$+$/#&'/-&2"45#f&*(&3"&+/4"&/+(75$'&

-$%"4/&"/#$(9$/#"*/&&"/&K*-$/'1&W#'201&"/&65")5&'&(3/-*6/&%J3'($&6'%&($9"#'2"I$-&#5(*345&

#5$&"/%#'22'#"*/&*.&+*9$'82$&"/#$(/$#?6"($-&)5'"(%: @`&^()5"#$)#3('2&"/#$(9$/#"*/%&"/&,382")&

%,')$&)'/&*.#$/&8$&')5"$9$-&6"#5&%"+,2$&+'#$("'2%&3%$-&"/&)($'#"9$&6'0%:&

@\ i23/-$22&<*/$%1&X$#$(1&M*//'&X$#($%)31&<$($+0&;"221&0/2"+'#2'>/#$&()$E&/'+2+9&'+-(1&L7*/1&kA1&U,*/&
X($%%1&&@YY`
@` X382")&U,')$1&666:,382")%,')$:*(4l$/l6*(>%.@S\?)5'"(%5'("/41&@Y==

((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((;H(((((((((((
 b"43($&SE&]$&W/#$(%#")$&`S1&."43($&*/&."2$&6"#5&^()5"#$)#3($&M$,'(#+$/#

((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((;I(((((((((((
 2@B9?L8E4?5

U,')$83%#$(1&-$%"4/$-&80&P'3+2'8*(8$(2"/1&"%&'&+*8"2$&3/"#&#5'#&)'/&8$&+*9$-&

'(*3/-&'&)"#01&'/-&)($'#$&,382")&%,')$&"/&'/0&%$##"/4:&W#&"%&'/&"/.2'#'82$&83882$&#5'#&

$7,'/-%&.(*+&#5$&8')>&*.&'&9'/1&G65")5&"#&"%&'2%*&%#*($-&'/-&#('/%,*(#$-&"/:H&W#&"%&>$,#&

"/.2'#$-&80&'"(&,($%%3($&4$/$('#$-&.(*+&'&.'/&8$/$'#5&#5$&9'/g%&('+,:&U,')$83%#$(&)'/&

'))*++*-'#$&3,&#*&VY&,$*,2$&"/%"-$:&U,'))$83%#$(&"%&)*/%"-$($-&'&83"2-"/4&80&#5$&

M$,'(#+$/#&*.&i3"2-"/4%1&'&2")$/%$-&+*#*(&9$5")2$&80&#5$&M$,'(#+$/#&*.&K*#*(&e$5")2$%1&

'/-&'&%#($$#&$9$/#&80&#5$&M$,'(#+$/#&*.&;('/%,*(#'#"*/: @S&W/&N$6&O*(>1&U,')$83%#$(&

)($'#$-&,382")&%,')$%&'#E&;5$&Q"452"/$1&#5$&U#*($.(*/#&.*(&^(#&'/-&^()5"#$)#3($1&3/-$(&#5$&

K'/5'##'/&i("-4$1&3/-$(&#5$&i(**>20/?j3$$/%&d7,($%%6'01&'/-&'#&*#5$(&%"#$%&'(*3/-&

N$6&O*(>:&

U,')$83%#$(&"%&/*/?%"#$&%,$)".")1&"#&"%&)*+,2$#$20&+*8"2$:&;5$&%"#$%&65$($&"#&5'%&8$$/&

"/.2'#$-&'($&9'("$-E&#5$&"/.2'#'82$&83882$&*.&U,')$83%#$(&5'%&8$$/&"/%#'22$-&3/-$(&$2$9'#$-&

5"456'0%1&"/&*,$/&%J3'($%1&"/&,'(>"/4&2*#%:&;5$&.2$7"8"2"#0&6"22&'22*6&"#&#*&#'>$&*/&#5$&

%5',$&*.&#5$&%,')$1&'/-&#*&."#&"/#*&'2+*%#&'/0&#0,$&*.&%,')$:&i$)'3%$&"#&"%&+'-$&*.&

#('/%23)$/#&+'#$("'21&#5$&)"#0&"#%$2.&"%&'&8')>-(*,&#*&65'#$9$(&"%&5',,$/"/4&"/%"-$:&

!*/9$(%$201&#5*%$&*/&#5$&*3#%"-$&)'/&$'%"20&%$$&65'#$9$(&"%&#'>"/4&,2')$&*/&#5$&"/%"-$:&

U,')$83%#$(&"%&#('/%.*(+$-&"/#*&%*+$#5"/4&-"..$($/#&$9$(0&#"+$&"#&"%&3%$-E&"#&#'>$%&

*/&'&-"..$($/#&.*(+1&&5'%&'&-"..$($/#&8')>-(*,1&'/-&'&-"..$($/#&($2'#"*/%5",&#*&#5$&)"#0:&

U"/)$&%,')$&"%&'#&'&,($+"3+&"/&N$6&O*(>1&#5"%&"%&%$$/&'%&'&6'0&#*&+'>$&3%'82$&'&/3+8$(&

*.&#0,$%&*.&($%"-3'2&%,')$%&"/&K'/5'##'/&'/-&i(**>20/:&;5$&#('/%23)$/)0&"%&"+,*(#'/#E&#5$&

@S P'3+2'8*(8'(2"/1&666:('3+2'8*(:/$#la,p=cRR1&@Y==

((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((;J(((((((((((
%,')$&"/%"-$&)'/&8$&#('/%.*(+$-&80&65'#&"%&*/&#5$&$7#$("*(:&]"45#1&%5'-*6%1&,'##$(/%&*.&#5$&

)"#0&%#($$#%&'22&6*(>&#*&#('/%.*(+&#5$&"/#$("*(:&;5$&9"%"82$&')#"9"#0&"/%"-$1&"/&'--"#"*/&#*&#5$ &

"/.2'#$-&.*(+&*.&U,')$83%#$(&"/&#3(/&#('/%.*(+%&#5$&($%"-3'2&%,')$1&'/-&"/9"#$%&,$*,2$&#*&

3%$&#5'#&%,')$1&".&*/20&.*(&'/&$9$/"/4:&W#&5'%&8$$/&3%$-&.*(&%*)"'2&$9$/#%1&$-3)'#"*/'2&

')#"9"#"$%1&'/-&'2%*&%$#&3,&"/&($%"-3'2&%,')$%&.*(&)*++3/"#0&+$$#"/4%&#*&-"%)3%%&65'#&

)*32-&5',,$/&"/&#5'#&%,$)".")&($%"-3'2&%,')$:&

U,')$83%#$(&"%&'/&"//*9'#"9$&6'0&*.&)'22"/4&'##$/#"*/&#*&#5$&($%"-3'2&%,')$%&*.&'&)"#01&

6"#5&'&,2'0.32&J3'2"#01&'/-&'&.*(+&#5'#&"/%,"($%&)3("*%"#0&.(*+&,'%%$(%80:&W#&"%&,$(5',%&*/$&

*.&#5$&+*%#&#$+,*('2&*.&,382")&%,')$%1&'/-&*/$&#5'#&5'%&#5$&+*%#&,*#$/#"'2&#*&8$&

)*+,2$#$20&#('/%.*(+$-&80&"#g%&3%$(%:&W#&'--%&#*&#5$&"/#$($%#&'/-&"/#("43$&#5'#&"#&+'0&8$&"/&

*/$&%,*#&*/&*/$&-'01&'/-&"/&'/*#5$(&#5$&/$7#&-'0:&Q*6$9$(1&*/$&"%%3$&*.&&U,')$83%#$(D%&

9'23$&'%&'/&3(8'/&,382")&%,')$&)*32-&8$&"#g%&,50%")'2&+$+8('/$:&d9$/&#5*345&#5$($&"%&'&

9"%3'2&)*//$)#"*/&8$#6$$/&"/#$("*(&'/-&$7#$("*(1&#5$&,50%")'2&8*3/-'("$%&'($&,(*/*3/)$-:&

^($&#5$&,$*,2$&"/%"-$&#5$($&8$)'3%$&%*+$*/$&"/9"#$-&#5$+&"/a&L(&"%&"#&*>&.*(&'/0*/$&#*&

%#$,&"/%"-$a&;5$%$&+'0&8$&"%%3$%&#5'#&)*32-&2"+"#&#5$&,*#$/#"'2&*.&U,')$83%#$(&'%&,382")&

%,')$&+$'/#&.*(&$9$(0*/$:&

b"43($&cE&U,')$83%#$(&d7#$("*(1&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&b"43($&VE&U,')$83%#$(1
."43($&*/&."2$&6"#5&&^()5"#$)#3($&M$,'(#+$/#&&&&&&&&&&&&&&&."43($&*/&."2$&6"#5&^()5"#$)#3($&M$,'(#+$/#

((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((<K(((((((((((
 (((!"#$%&'(A
%"&(#'%,2%,!($'&!&*&-%2

%5B3EP65Q:3D(2@B9?(%>568D>(%?Q@65BO(#54

K*%#&3(8'/&,382")&%,')$%&"/)*(,*('#$&%*+$&#0,$&*.&'(#1&65$#5$(&"#&8$&)"9")&G'&6'(&

+*/3+$/#H1&)*(,*('#$&G2'(4$&'8%#(')#&$7,($%%"*/"%#&,'"/#"/4%&"/&*..")$&#*6$(&'#("'H1&

)*22$)#"9$&G&'&+3('2&-$,")#"/4&#5$&5"%#*(0&*.&'&)*++3/"#01&,'"/#$-&80&2*)'2&'(#"%#%H&%#($$#&

'(#&G4('.."#"&*(&43$("22'&'(#H:&;5$($&'($&'2%*&508("-&+*-$2%&*.&3(8'/&,382")&%,')$E&#5*%$&#5'#&

5'9$&8$$/&)($'#$-&80&#5$&%0+8"*%"%&*.&'(#&'/-&'()5"#$)#3($1&'/-&#5$%$&+*($&*.#$/&%,$'>&#*&

#5$&)*++3/"#0&*(&3%$(&#5(*345&"/#$(')#"9$&$2$+$/#%1&#('/%.*(+'#"9$&%,')$%1&'/-&*,#"*/%&

.*(&"/#$(,($#"9$&3%$%:&;5$&.*22*6"/4&'($&%*+$&*.&#5$&'(#"%#%&65*&6$($l'($&"/.23$/#"'2&"/&

-$."/"/4&5*6&'(#&)'/&#('/%.*(+&%,')$1&"/#$(')#&6"#5&G*(&)("#"J3$H&'()5"#$)#3($1&'/-&$/4'4$&

#5$&,382")&"/&6'0%&#5'#&4*&8$0*/-&B3%#&,'%%"9$20&9"$6"/4&'&,"$)$&*.&'(#:&W/&)($'#"/4&'/&

3(8'/&,382")&%,')$1&"#&6"22&8$&"+,*(#'/#&#*&"/)23-$&'/&'(#&$2$+$/#&#5'#&)'/&'-',#&'/-&

)5'/4$&'2*/4&6"#5&#5$&3%$%&*.&#5$&%,')$:&W&5'9$&($%$'()5$-&%$9$('2&'(#"%#%&'/-&,(*B$)#%&#5'#&

"/)*(,*('#$&#$+,*('2"#0&"/#*&,382")&'(#:&

&

.65763(RB44BS!OB5C

m*(-*/&K'##'?!2'(>&6'%&#5$&%*/&*.&!5"2$'/&%3(($'2"%#&,'"/#$(&P*8$(#*&K'##'&

d%)53(('/1&'/-&&^+$(")'/&'(#"%#&^//$&!2'(>:&K'##'?!2'(>&4($6&3,&6"#5&5"%&+*#5$(&'/-&

#6"/&8(*#5$(&U$8'%#"'/&"/&#5$&k/"#$-&U#'#$%1&65"2$&5"%&.'#5$(&2"9$-&"/&U*3#5&^+$(")'&'/-&

d3(*,$:&d9$/#3'2201&.'+"20&-0/'+")%&6*32-&"/#$(#6"/$&6"#5&#5$+$%&*.&'()5"#$)#3($&'/-&

((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((<)(((((((((((
3(8'/&-$)'0&#*&&"/.23$/)$&#5$&'(#&5$&+'-$&:&^%&'&0*3/4&+'/1&K'##'?!2'(>&6'%&$/)*3('4$-&

80&5"%&.'#5$(&#*&',,20&5"%&"/#$($%#&"/&'(#&#*&#5$&%#3-0&*.&'()5"#$)#3($:&P*8$(#*&5'-&%#3-"$-&

'()5"#$)#3($&'2%*1&6'%&'&.("$/-&*.&8*#5&X5"22",&<*5/%*/&'/-&K'()$2&i($3$(&'/-&$/)*3('4$-&

m*(-*/&#*&%,$'>&6"#5&#5$%$&'()5"#$)#%&'/-&,3(%3$&'&-$4($$:&m*(-*/&6$/#&#*&%#3-0&'#&

!*(/$22&"/&#5$&$'(20&=RSYD%:&!("#")'2&*.&5"%&#"+$&#5$($1&5$&($.$(($-&#*&!*(/$22&'%&Z#5"%&,("%*/&

*/&#5$&5"22@c:&&Q*6$9$(1&"#&6'%&'#&!*(/$22&#5'#&K'##'?!2'(>&8$4'/&6*(>&#5'#&)*+8"/$-&

'()5"#$)#3($1&%)32,#3($&'/-&)*/)$,#3'2&&,$(.*(+'/)$?8'%$-&6*(>&

K'##'?!2'(>&/$9$(&,(')#")$-&'()5"#$)#3($&"/&#5$&#('-"#"*/'2&%$/%$:&W/&N$6&O*(>&!"#01&

5$&.*3/-$-&'&2**%$20&-$."/$-&+*9$+$/#&)'22$-&^/'()5"#$)#3($1&'/-&3%$-&+$-"3+%&'%&

6"-$&('/4"/4&'%&'8'/-*/$-&83"2-"/4%1&5"%&8*-01&-$)'0"/4&.**-1&.("$-&,5*#*4(',5%1&'/-&

%+'22&,'()$2%&*.&($'2&$%#'#$&'%&5"%&+$-"3+%&.*(&)($'#"/4&508("-&#0,$%&*.&6*(>&#5'#&%,'//$-&

#5$&-$."/"#"*/%&*.&'(#&'/-&'()5"#$)#3($:&K'##'?!2'(>&5'-&#5"%&#*&%'0&'8*3#&#5$&"-$'%&5$&6'%&

$7,2*("/4E&DK0&"/"#"'2&-$)"%"*/%&6$($&8'%$-&*/&#5$&'9*"-'/)$&*.&+'>"/4&%)32,#3('2&*8B$)#%&

'/-&'85*(($/)$&*.&.2'#&'(#:&F50&5'/4&#5"/4%&*/&'&6'22&65$/&#5$&6'22&"#%$2.&"%&%*&+3)5&

+*($&)5'22$/4"/4&'&+$-"3+:&W#&"%&#5$&("4"-&+$/#'2"#0&#5'#&'()5"#$)#%&"/%#'22&6'22%&'/- &

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

*.&)3#%1&')#%&'%&'&,*6$(.32&-('6"/4&-$9")$&'82$&#*&($-$."/$&%,'#"'2&%"#3'#"*/%&'/-&%#(3)#3('2&

)*+,*/$/#%:&F5'#&"%&"/9"%"820&'#&,2'0&8$5"/-&'&6'22&*(&.2**(1&*/)$&$7,*%$-1&8$)*+$%&'/&

')#"9$&,'(#")",'/#&"/&'&%,'#"'2&-('6"/4&*.&#5$&83"2-"/4D%&"//$(&2".$:&;5$&')#&*.&&)3##"/4

#5(*345&.(*+&*/$&%,')$&#*&'/*#5$(&,(*-3)$%&'&)$(#'"/&)*+,2$7"#0&"/9*29"/4&-$,#5&

@c&U3%%+'/1&d2"I'8$#51&.-/)-($A&''&R3@&/?:$M->$0/#$'"#$A#&4>/#5&N$6&Q'9$/1&O'2$&k/"9$(%"#0&X($%%1&
@YYc&,:&=SS

((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((<;(((((((((((
,$()$,#"*/:[&@V&&&

^#&#5"%&#"+$&"/&N$6&O*(>&!"#01&#5$($&6$($&%)*($%&*.&'8'/-*/$-&83"2-"/4%1&65")5&

8$)'+$&#5$&+'#$("'2&.*(&K'##'?!2'(>D%&,"$)$%:&&^&,"$)$&.(*+&=RcS1&S+()-J$G@-J$O>'5 $

)*/%"%#$-&*.&'&%$("$%&*.&,5*#*4(',5")&,("/#%&*.&8(*>$/&6"/-*6%&#5(*345*3#&#5$&U*3#5&

i(*/71&'--($%%"/4&#5$&-$($2")#&3(8'/&2'/-%)',$:&;5$%$&($.2$)#$-&K'##'?!2'(>%D&')#"9"%+&

'/-&%*)"'2&)*/)$(/&*9$(&#5$&,**(&5*3%"/4&)*/-"#"*/%&#5'#&$7"%#$-:&^#&'(*3/-&#5"%&#"+$&5$&

6'%&"/9"#$-1&#5(*345&5"%&!*(/$22&)*//$)#"*/1&#*&8$&,'(#&*.&#5$&%5*6&ZW-$'&'%&K*-$2[&'#&#5$

b"43($&RE&K$"$(D%&;6"/&X'(>&Q*3%"/41&i(*/71&NO1&&&&&&&&&b"43($&=YE &K'##'?!2'(>D%&S+()-J$G@-J$O>'5
."43($&*/&."2$&6"#5&#5$&^()5"#$)#3($&M$,'(#+$/#&&&&&&&&&&&&&."43($&*/&."2$&6"#5&#5$&^()5"#$)#3($&M$,'(#+$/#

W/%#"#3#$&.*(&^()5"#$)#3($&'/-&k(8'/&P$%*3()$%&"/&N$6&O*(>:&L#5$(%&"/&#5$&%5*6&"/)23-$-&

P")5'(-&K$"$(1&K")5'$2&m('9$%&'/-&X$#$(&d"%$/+'/:&^.#$(&#5$&%5*6&6'%&3,1&K'##'?!2'(>&

($#3(/$-&2'#$&'#&/"45#1&'/-&%5*#&*3#&#5$&6"/-*6%&*.&#5$&4'22$(01&,$(5',%&"/&'&+*9$&#*&

$+,5'%"I$&#5$&+$'/"/4&*.&5"%&6*(>&'%&*,,*%$-&#*&#5'#&*.&#5$&+*($&)*/9$/#"*/'2&

'()5"#$)#3('2&$%#'82"%5+$/#1&65*&6$($&#5$&*/$%&65*&5'-&)*/#("83#$-&#*&#5$&5*3%"/4?

,(*B$)#&-$%,'"(&*.&#5$&)"#"$%:&d"%$/+'/&6'%&,'(#")32'(20&*..$/-$-&80&K'##'?!2'(>D%&

')#"*/%1&'/-&-$+'/-$-&#5$&,"$)$&8$&($+*9$-:&^%&<3-"#5&P3%%"&A"(%5/$(&'/-&!5("%#"'/&

A('9'4/'&6("#$&"/&#5$"(&$%%'01&Z:::#5$&)("#")'2&,*"/#&6'%&/$'#20&+'-$1&6"#5&4($'#$(&,*6$(&

@V&M"%$($/%1&!*("//$1&$-1&.-/)-($A&''&R3@&/?1&N$6&O*(>1&X5'"-*/&X($%%1&@YYC&,:=VV

((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((<<(((((((((((
#5'/&'/0&,*2$+")1&8$)'3%$&#5$&%38B$)#&*.&#5$&,"$)$?&#5$&W/%#"#3#$&"#%$2.?6'%&+'/$39$($-&

"/#*&')#"/4&*3#&"#D%&+$%%'4$E&W.&#5"%&-$#$("*('#"*/&6'%&"/#*2$('82$&#*&d"%$/+'/&'/-&5"%&

)*22$'43$%&.*(&$9$/&'&+*+$/#1&650&6'%&"#&#*2$('82$&-'0&"/&'/-&-'0&*3#&"/&#5$&U*3#5&

i(*/7&*(&]*6$(&d'%#&U"-$a[@R&^%&.*(&K'##'?!2'(>1&5$&6'%&J3*#$-&*/&#5$&"/)"-$/#&'%&

%'0"/41&Z:::#5$%$&6$($&#5$&430%&W&%#3-"$-&6"#5&'#&!*(/$221&#5$%$&6$($&+0&#$')5$(%:&W&5'#$&

65'#&#5$0&%#'/-&.*(q[CY&W/#$($%#"/4201&"#&6*32-&%$$+&#5'#&#5$($&"%&'&4($'#&-$'2&*.&K'##'?

!2'(>D%&"/.23$/)$&"/&d"%$/+'/D%&6*(>1&'/-&9"%$?9$(%':&m"9$/&#5'#&#5$0&6$($&6*(>"/4&

-3("/4&#5$&%'+$&,$("*-1&"#&6*32-&8$&-"..")32#&#*&%'0&65*&"/.23$/)$-&65*1&,$(5',%&"#&6'%&

+3#3'2:&i3#&d"%$/+'/D%&-$)*/%#(3)#"9"%#&6*(>&)$(#'"/20&5'%&%"+"2'("#"$%&#*&K'##'?!2'(>D%&

'()5"#$)#3('2&"/#$(9$/#"*/&,"$)$%:

&b"4:==E&d"%$/+'/D%&6&@?$N->4#1&=RSR&&&&&b"4:&=@E&K'##'?!2'(>D%&G+(7-1&=Rc\&&&&b"4:=CES#T(#/$3#('#/5&=RVR1
."43($%&*/&."2$&6"#5&#5$&^()5"#$)#3($&M$,'(#+$/#
^&+'B*(&'()5"#$)#3('2&"/#$(9$/#"*/&+'-$&80&K'##'?!2'(>&6'%&%&DP4$Q()5$"/&65")5&

5$&)3#&%$4+$/#%&*3#&*.&'/&'8'/-*/$-&,"$(&6'($5*3%$&*/&#5$&Q3-%*/&P"9$(:&W/&=Rc`1&5$&

%$)($#20&8(*>$&"/#*&'/-&)5'/4$-&#5$&2*)>%&*/&#5$&6'($5*3%$1&'/-&8$4'/&+'>"/4&'&534$&

%'"2?%5',$-&)3#&"/#*&#5$&("9$(&%"-$&.')'-$:&Q$&'2%*&+'-$&)3#%&"/#*&#5$&.2**(1&65")5&*,$/$-&

#*&#5$&("9$(&8$2*6:&;5$&*,$/"/4&)3#&"/&#5$&6'22&'22*6$-&2"45#&#*&.2**-&"/#*&'/-&+*9$&

#5(*345&#5$&%,')$1&'/-&#5$&($9$'2$-&6'#$(&)($'#$-&,'##$(/%&*/&#5$&6'22&65$/&8'#5$-&"/&#5$&

@R W8"-1&,:=Y`
CY U3%%+'/1&,:=SS

((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((<A(((((((((((
2"45#:&^&.*(+$(20&-'(>&'/-&-$)($,"#&%,')$&6'%&+'-$&"/#*&'&Z8'%"2")'[ C=&*.&2"45#&#5(*345&

#5"%&"/#$(9$/#"*/:&K'##'?!2'(>&6'%&'&-"2"4$/#&-*)3+$/#$(&*.&5"%&6*(>1&'/-&'&."2+&6'%&

+'-$&*.$%&DP4$Q()I&

;5$&)3#%&6$($&-$%"4/$-&%*&#5'#&#5$&%3/&6*32-&)*+$&"/&'#&-"..$($/#&'/42$%&

#5(*345*3#&#5$&0$'(1&+'>"/4&"#&'&9$(0&-"..$($/#&%,'#"'2&$7,$("$/)$&*9$(&#"+$:&i3#&#5"%&6'%&

/$9$(&$7,$("$/)$-1&'%&)"#0&'3#5*("#"$%&%**/&)'345#&*/&'/-&%53#&"#&-*6/:&;5$&83"2-"/41&

'2*/4&6"#5&K'##'?!2'(>D%&$2$4'/#&"/#$(9$/#"*/1&6$($&2'#$(&-$+*2"%5$-:&

b"43($&=\E&K'##'?!2'(>D%&%&DP4$Q()$5$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$b"43($&=`E&M'0D%&d/-1
."43($&*/&."2$&6"#5&#5$&^()5"#$)#3($&M$,'(#+$/#&&&&&&&&&&&&&&&&&&&&&."43($&*/&."2$&6"#5&#5$&^()5"#$)#3($&M$,'(#+$/#

W/&5"%&,"$)$&89@+''+(75&K'##'?!2'(>&&3%$%&'/&'8'/-*/$-&%383(8'/&5*3%$&"/&'&-$)'0"/4&

/$"458*(5**-&#*&)*++$/#&*/&#5$&%383(8'/"I'#"*/&*.&^+$(")'/&%*)"$#01&#5$&"%*2'#"*/&'/-&

-"%%*23#"*/&*.&#5$&.'+"20&"/&#5$&%383(8%:&W(*/")'220&1&#5$&.*(+$(&#$/'/#%&*.&#5$&5*3%$&6$($&

$9")#$-&Z&-3$&#*&'&($-$9$2*,+$/#&,2'/&#5'#&5'-&%,2"#&#5$&)*++3/"#0:[ C@&Q$&5'-&#'>$/&)3#%&

.(*+&5*3%$%&8$.*($1&-"%%$)#$-&83"2-"/4%1&+'-$&5*2$%&#5(*345&2'0$(%&*.&%#(3)#3($1&83#&"/&

#5"%&,"$)$1&#5$&$/#"($&%#(3)#3($&6'%&#*&8$&2"#$('220&%,2"#&"/#*&#6*&,"$)$%:&;5$($&6'%&J3"#$&'&

C= M"%$($/%1&,:=cR
C@ U3%%+'/1&,:&==R

((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((<F(((((((((((
8"#&*.&$/4"/$$("/4&"/9*29$-&"/&)3##"/4&#5"%&5*3%$&9$(#")'220&-*6/&#5$&)$/#$(1&#5$/&#"2#"/4&

*/$&%$)#"*/&8')>&'&.$6&-$4($$%:&!*(/$(&.('4+$/#%&6$($&-"%%$)#$-&.(*+&#5$&83"2-"/41&

65")5&%#"22&($+'"/&'/-&5'9$&8$$/&,'(#&*.&+3%$3+&$75"8"#%:&K'##'?!2'(>1&"/&'/&"/#$(9"$61&

)*++$/#$-&*/&#5$&)*/#$7#&*.&5"%&83"2-"/4&-"%%$)#"*/%E&Zi0&3/-*"/4&'&83"2-"/41&#5$($&'($&

+'/0&'%,$)#%&*.&#5$&%*)"'2&)*/-"#"*/%&'4'"/%#&65")5&W&'+&4$%#3("/4E&."(%#1&#*&*,$/&'&%#'#$&

*.&$/)2*%3($&65")5&5'-&8$$/&,($)*/-"#"*/$-&/*#&*/20&80&,50%")'2&/$)$%%"#0&83#&80&#5$&

"/-3%#(0&#5'#&,(*.2"4'#$%&%383(8'/&'/-&3(8'/&8*7$%&'%&'&)*/#$7#&.*(&"/%3("/4&'&,'%%"9$1&

"%*2'#$-&)*/%3+$(?&'&9"(#3'220&)',#"9$&'3-"$/)$:[ CC&Q$&4*$%&*/&"/&#5"%&"/#$(9"$6&#*&)("#"J3$&

#5$&+*-$(/"%#%&GZ+')5"/$?'4$&+*('2"%#%[H&'/-&#*1&,$(5',%&42"8201&-$."/$&#5$&-"..$($/)$&

8$#6$$/&%)32,#3($&'/-&'()5"#$)#3($&'%&Z65$#5$(&#5$($&"%&,23+8"/4&*(&/*#:[ C\&W/&89@+''+(71&"#&

"%&#5*345#&#5'#&K'##'?!2'(>&+'0&5'9$&'2%*&8$$/&+'>"/4&'&+*($&,$(%*/'2&4$%#3($&

($4'(-"/4&5"%&*6/&.(')#3($-&.'+"201&#5$&-"%#'/)$&.(*+&5"%&.'#5$(1&'/-&5"%&#6"/&8(*#5$(&

U$8'%#"'/D%1&G6"#5&65*+&m*(-*/&6'%&9$(0&)2*%$H&"/)($'%"/420&#(*382"/4&+$/#'2&"22/$%%:&

L--201&89@+''+(7$,($%'4$%&#5$&-$'#5&*.&U$8'%#"'/&%**/&'.#$(1&"/&'&.'22&.(*+&#5$&6"/-*6&*.&

K'##'?!2'(>D%&2*.#:&]">$&+3)5&*.&K'##'?!2'(>D%&6*(>1&89@+''+(7$5'-&'/&"/.23$/)$&*/&

'()5"#$)#3($1&%,$)".")'220&*/&#5$&5*3%$&b('/>&m$5(0&-$%"4/$-&.*(&5"+%$2.&"/&U'/#'&K*/")':&

W/&5"%&#0,")'2&%383(8'/&5*3%$1&m$5(0&%#(",,$-&'6'0&2'0$(%&#*&$7,*%$&%#(3)#3($1&'--$-&

"/)*/4(3$/#&)*/%#(3)#"*/&+'#$("'2%&%3)5&'%&,206**-&'/-&)5'"/&2"/>&.$/)"/41&'/-&$/-$-&3,&

6"#5&'()5"#$)#3($&#5'#&9$(0&+3)5&($%$+82$%&*/$&*.&K'##'?!2'(>D%&"/#$(9$/#"*/%1&6"#5&"#D%&

$7,*%$-&2'0$(%&'/-&*--20&)3#&'/42$%:&&

W/&3-19@#T+'D$&()$3-('/&)+2'+-($C($0/2"+'#2'>/#1&e$/#3("&6("#$%&'8*3#&#5$&#$/%"*/&

CC M"%$($/%1&,&=V@
C\ W8"-&,:&=V@

((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((<G(((((((((((
b"43($&=SE&.#"/D$N->4#1&=Rcc?cV1&&&&&&&&&b"43($&=cE&89@+''+(75&=Rc\1
."43($%&*/&."2$&6"#5&#5$&^()5"#$)#3($&M$,'(#+$/#

'/-&)*/#('-")#"*/&#5'#&+'0&#'>$&,2')$&8$#6$$/&#5$&"/%"-$&'/-&*3#%"-$&*.&'&83"2-"/4:&

K'##'?!2'(>&"%&4"9"/4&3%&'&42"+,%$&*.&#5$&%,')$&8$#6$$/1&-"%%$)#"/4&#5$&83"2-"/4&"/&6'0&

#5'#&'2+*%#&#3(/%&"#&"/%"-$&*3#:&]'#$(1&*#5$(&'(#"%#%&%3)5&'%&P')5$2&F5"#$($'-&6"22&+'>$&

.3(#5$(&$7,2*('#"*/%&*.&"/%"-$l*3#%"-$&%,')$:

K'##'?!2'(>&+'-$&%*&+'/0&*#5$(&#0,$%&*.&6*(>&-3("/4&5"%&#**?%5*(#&2".$1&G5$&-"$-&*.&

)'/)$(&'#&'4$&C`:H&U*+$&*.&"#&"/9*29$-&-$)'0"/4&.**-1&G.**-&6'%&'/&'8"-"/4&"/#$($%#1&5$&

$9$/&.*3/-$-&'/&"+,(*+,#3&-"/$(1&)'22$-&bLLM1&6"#5&.$22*6&'(#"%#%H1&%*+$&"/9*29$-&#5$&

53+'/&8*-0&'/-&+*9$+$/#1&'26'0%&,5*#*4(',5"/4&$9$(0#5"/41&*/)$&$9$/&.(0"/4&

,5*#*4(',5%&"/&'&,'/&'/-&4"9"/4&#5$+&'%&4".#%:&^22&*.&"#&6'%&5$'9"20&)*/)$(/$-&6"#5&

+'#$("'2"#01&#5$&$..$)#%&*.&#"+$1&'/-&%,'#"'2&($2'#"*/%5",%:&L/$&*.&5"%&)*/)$,#3'2&,"$)$%1&

6&?#$Q4'&'#1&)*/%"%#$-&*.&830"/4&'#&)"#0&'3)#"*/&2"##2$&%2"9$(%&*.&2'/-&#5'#&6$($&2$.#&*9$(&

8$#6$$/&2'(4$(&2*#%:&;5$%$&6$($&"/'))$%%"82$&'/-&3/83"2-'82$:&Q$&6*32-&#5$/&,5*#*4(',51&

-*)3+$/#1&-('6&3,&,2'/%&*.&#5$&%"#$1&'/-&'2*/4&6"#5&#5$&-$$-1&*..$(&3,&#5$&65*2$&,"$)$&.*(&

%'2$:&Q$&6'%&"/#$($%#$-&"/&#5$&)*/)$,#&*.&*6/"/4&'&,"$)$&*.&2'/-&#5'#&)*32-/D#&($'220&8$&

3%$-&*(&$7,$("$/)$-&"/&'/0&($'2&6'01&0$#&%#"22&$7"%#$-1&'/-&)*32-&8$&-*)3+$/#$-:& C`&&
C` <')*81&K'(0?<'/$1&.-/)-($A&''&R3@&/?:0$K#'/-49#2'+F#1&!5")'4*1&K3%$3+&*.&!*/#$+,*('(0&^(#1&=RV`

((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((<H(((((((((((
 &!>5:E46(B37(T?B33?S!OB87?

^/*#5$(&'(#"%#&)($'#"/4&%"#$?%,$)".")1&#$+,*('2&6*(>&-3("/4&#5"%&,$("*-&6'%&

!5("%#*:&W/&=RS=1&5$&'/-&5"%&,'(#/$(&<$'//$?!2'3-$&8$4'/&#5$&,382")&,5'%$&*.&#5$"(&6*(>&

6"#5&%-2?4+)#$E&2?&7#45$6(',,"/4&*"2&8'(($2%&6"#5&#'(,%&'/-&(*,$&"/&!*2*4/$&Q'(8*(:&

b(*+&#5$&9$(0&8$4"//"/41&#5$0&5'9$&-$)2"/$-&#*&'%)("8$&'&,'(#")32'(&+$'/"/4&#*&#5$"(&

6*(>1&,($.$(("/4&#*&)'22&'##$/#"*/&#*&#5$&,(*)$%%&80&65")5&"#&"%&)($'#$-:&;5"%&5'%&)*+$&#*&

"/)23-$&'22&*.&#5$&,2'//"/41&%$)3("/4&#5$&,(*,$(&-*)3+$/#%&#*&6(',&,(*+"/$/#&2'/-+'(>%1&

."/'/)"/4&#5$&,(*B$)#%1&'/'20I"/4&#5$&%"#$1&%#3-0"/4&$/9"(*/+$/#'2&"+,')#1&+'>"/4&+'/0&

-$#'"2$-&-('6"/4%&'/-&"#$('#"*/%&*.&#5$&,(*B$)#:&i0&'22&'))*3/#%1&#5$&6*(>&6*32-&%$$+&#*&

8$&'8*3#&#5$&$/4"/$$("/41&8*#5&83($'3)('#")&'/-&%#(3)#3('2:&W/&#'2>"/4&'8*3#&K>((+(7 $

6#(2#1&!5("%#*&($.$(%&#*&#5$&6*(>&"/&#$(+%&*.&%#(3)#3($%&6"#5"/&#5$&($'2+&*.&$/4"/$$("/4&

'/-&'()5"#$)#3($E&Z;5$&k/"#$-&U#'#$%&4*9$(/+$/#&-$)"-$-1&"/&#5$&2'#$&%"7#"$%1&#5'#&$')5&

53+'/&')#"9"#0&65")5&5'%&'&4($'#&"+,')#&*/&53+'/&8$5'9"*(&%5*32-&5'9$&'/&

$/9"(*/+$/#'2&"+,')#&%#'#$+$/#:&;5$&^2'%>'/&,",$2"/$&5'%&'/&$/9"(*/+$/#'2&"+,')#&

%#'#$+$/#1&#5$&M'22'%&^"(,*(#1&#**:&K>((+(7$6#(2#&"%&#5$&."(%#&'/-&*/20&6*(>&*.&'(#&6"#5&'/&

$/9"(*/+$/#'2&"+,')#&%#'#$+$/#:[ CS&L/$&*8%$(9'#"*/&#5'#&)'/&8$&+'-$&'8*3#&#5$&6*(>&"%&

#5'#&"#&$/4'4$%&#5$&,382")&*/&+'/0&2$9$2%:&;5$($&"%&*.#$/&,382")"#0&'/-&,382")&'/#")",'#"*/&

%3((*3/-"/4&#5$&,2'//"/4&,(*)$%%1&'%&#5$($&+"45#&8$&.*(&'/0&,(*+"/$/#&/$6&%#(3)#3($&#*&

8$&83"2#&"/&'&)"#0:&;5$/&.(*+&#5$&9$(0&#$)5/")'2&,2'//"/4&'/-&,$(+"##"/4&,(*)$%%1&$+$(4$%&

'/&$#5$($'21&"+'4"/'#"9$&508("-&*.&%)32,#3($1&'()5"#$)#3($&'/-&,382")&%,')$:&;5$&%)'2$&"%&

53+'/&$/*345&#*&"/9"#$&,$*,2$&"/1&'%&6"#5&;"#$.&'#41&0$#&#5$&%)'2$&"%&'2%*&+*/3+$/#'21&'%&

CS b"/$8$(41<B*/'#5'/&M'9"-&'/-&F*2.4'/4&e*2I1&3"/+4'-$&()$=#&((#R3@&>)#:$O($'"#$S&D$'-$'"#$.&'#45 $
3#('/&@$E&/?5$L#J$M-/?$3+'D5&N$6&O*(>1&#5$&K$#(*,*2"#'/&K3%$3+&*.&^(#1&@YY\&,:V

((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((<I(((((((((((
"/&!"#$;1</#@@&41&65")5&6'%&"/%#'22$-&%"+32#'/$*3%20&*/&#6*&)*/#"/$/#%:&!5("%#*&8$2"$9$%&

#5'#&#5$&,382")&-"%)*3(%$1&#5$&)*/#(*9$(%01&'/-&#5$&*))'%"*/'2&($B$)#"*/&*.&,$(+"#%1&'--%&#*&

#5$&,(*)$%%&'/-&#5$&32#"+'#$&*3#)*+$&*.&#5$&6*(>:&;5$&6*(>&"%&'22&#$+,*('(01&#'>$/&-*6/&

'/-&+'#$("'2%&($)0)2$-&*(&-*/'#$-&'.#$(&'&,$("*-&*.&#"+$:&;5$&#$+,*('2&/'#3($&"%&"+,*(#'/#&

#*&#5$&"/#$4("#0&*.&#5$&6*(>:&^))*(-"/4&#*&b"/$8$(4&'/-&e*2I1&Z!5("%#*&'/-&<$'//$?

!2'3-$D%&6*(>&,(*)$$-%&*/&#5$&'%%3+,#"*/&#5'#&#5$&+*%#&"+,*(#'/#&)*/#("83#"*/&*.&'(#&"%&

"#%&"+,')#&*/&#5$&*/4*"/4&-$9$2*,+$/#&*.&*3(&)*/%)"*3%/$%%&'%&'&)32#3($1&'/-&#5'#&#5$&

*8B$)#&"#%$2.&5'%&2"##2$&6*(#5&*/)$&"#D%&5"%#*(")'2&$..$)#&*/&"#%&)*/#$+,*('("$%&5'%&8$$/&

')5"$9$-:[Cc

b"43($&=RE&;6*&6'0%&*.&'2#$("/4&,$()$,#"*/&*.&%,')$E&!"#$.&'#4&'/-&S/&99#)$K#+2"4'&75
$$$$$$$$$$$$$$$."43($&*/&."2$&6"#5&#5$&^()5"#$)#3($&M$,'(#+$/#

F"#5&#5$&"/%#'22'#"*/&*.&!"#$.&'#4&"/&!$/#('2&X'(>&"/&=RR`1&+3)5&*.&#5$&-$8'#$&)$/#$($-&

'(*3/-&#5$&)*/)$,#&*.&#5$&,'(>&"#%$2.1&'&,2')$&*.&)*/#(*22$-1&+'/?+'-$&/'#3($1&'/-&#5$&(*2$&

*.&'(#"%#")&($,($%$/#'#"*/&6"#5"/&#5"%&%$##"/4:&!"#$.&'#4&5'-&#5$&*(4'/")&$2$+$/#&*.&#5$&

.'8(")&65")5&($%,*/-$-&#*&#5$&6"/-1&+3)5&2">$&#5$&#($$%:&i3#&#5$0&'2%*&5'-&#5$&%#(3)#3('2&

$2$+$/#&*/&65")5&#5$&.'8(")&53/4?#5$&4'#$%&#5(*345&65")5&,$*,2$&,'%%$-1&'/&'()5"#$)#3('2&

$2$+$/#1&'&-**(6'0:&K3)5&*.&!5("%#*D%&6*(>&)5'/4$%&#5$&,$()$,#"*/&*.&'&%,')$&*(&'/&

Cc W8"-1&,:=@

((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((<J(((((((((((
*8B$)#&#5(*345&#5$&3%$&*.&+'#$("'2"#01&%)'2$1&'/-&#5$&,2')$+$/#&*.&.*(+%&#5'#&'($&

3/$7,$)#$-&"/&'&4"9$/&)*/#$7#:&

W/&*/$&*.&#5$&*/4*"/4&)*//$)#"*/%&'/-&-"'2*43$%&8$#6$$/&#5$&6*(>&5',,$/"/4&"/&

#5"%&,$("*-1&*/$&*.&!5("%#*D%&5$2,$(%&*/&e'22$0&!3(#'"/&"/&=Rc=&6'%&m*(-*/&K'##'?!2'(>1&

65*&)($'#$-&'&53+*(*3%&,5*#*4(',5")&)*22'4$&'8*3#&#5$&,"$)$&'%&'&4".#&.*(&!5("%#*: CV&

'B9>?O(U>:4?5?B7

;5$&)'%#"/4%&*.&P')5$2&F5"#$($'-('--($%%&%,')$&"/&'&9$(0&-"..$($/#&6'0E&80&2**>"/4&

'#&#5$&/$4'#"9$&%,')$?&+'>"/4&#5$&/$4'#"9$&%,')$&%*2"-1&#5$($80&#3(/"/4&'/&*8B$)#&&"/%"-$&

*3#:&Q$(&6*(>&'2%*&2$'9$%&'&($+"/-$(&*.&#5$&*8B$)#&#5'#&5'%&9'/"%5$-1&-$%#(*0$-&80&#5$&

,(*)$%%&*.&,($%$(9"/4&#5$&%,')$&6"#5"/:&F5"#$($'-D%&"/#$($%#&"%&"/&53+'/?+'-$&*8B$)#%&'/-&

%#(3)#3($%E&.3(/"#3($1&9$%%$2%&%3)5&'%&#38%1&5*3%$%&'/-&83"2-"/4%1&+*/3+$/#%:&L/$&)'/&%$$&

#5$%$&"/#$($%#%&',,'($/#&"/&,5*#*4(',5%&%5$&+'>$%&*.&*2-&+'##($%%$%&'8'/-*/$-&*/&#5$&

%#($$#1&5'2.?-$+*2"%5$-&83"2-"/4%1&8(*>$/&.3(/"#3($:&;5$0&5'9$&'/&$$("$&J3'2"#0&*.&53+'/&

"+,("/#E&'%&".&%*+$*/$&5'-&B3%#&8$$/&%"##"/4&#5$($:

;5$&,"$)$&#5'#&8(*345#&F5"#$($'-&)("#")'2&'##$/#"*/&6'%&&N->4#1&"/&65")5&%5$&)'%#&

#5$&65*2$&"/#$("*(&*.&'&e")#*("'/&5*3%$&%2'#$-&.*(&-$+*2"#"*/&"/&]*/-*/D%&d'%#&d/-:&;5$&

)'%#"/41&+*/3+$/#'2&"/&$9$(0&6'01&8(*345#&3,&"%%3$%&*.&-"%,2')$+$/#1&9'/"%5"/4&

)*++3/"#0&'/-&6'0&*.&2".$1&5*+$2$%%/$%%1&#5$&-$'#5&*.&'&/$"458*(5**-&'/-&'&#"+$:&;5$&

,"$)$&%#"(($-&3,&)*/#(*9$(%0:&W/&5"%&$%%'0&U#3'(#&K*(4'/&6("#$%1&Z&^&,$("*-1&'&6'0&*.&

2"9"/41&.'+"20&2".$1&'&)*++3/"#01&'&/$"458*(5**-1&'&.("$/-%5",:::;*&2*)'2&($%"-$/#%1&+'/0

CV <')*81&K'(0&<'/$1&.-/)-($A&''&R3@&/?5$0$K#'/-49#2'+F#1&!5")'4*1&K3%$3+&*.&!*/#$+,*('(0&^(#1&=RV`&
,:\=

((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((AK(((((((((((
 &b"43($&@YE&F5"#$($'-D%&&,5*#*4(',5%&'/-&&)'%#"/4%E&;('+'@#)$UG&'"H1&;('+'@#)$U01<#/$G#)V5
&&&&&&&&&&&&."43($&*/&."2$&6"#5&#5$&^()5"#$)#3($&M$,'(#+$/#
&

*.&65*+&5'%&2"9$-&"/&#5$&'($'&-3("/4&6'(#"+$1&Q*3%$&6'%&#5$&4('9$0'(-&*.&'22&#5"%E&'&

%$'2$-&83/>$(&2">$&'/&*9$(4(*3/-&9'32#1&'%&6$22&'%&'/&$0$%*($1&'&6'%#$&*.&%,')$&'/-&

+*/$0:[CR&;5$&6*(>&6'%&-$+*2"%5$-&'.#$(&*/20&.*3(&+*/#5%1&'#&#5$&3(4"/4&*.&'&)*3/)"2&

+$+8$(&65*D%&-"%#(")#&#5$&,"$)$&6'%&"/:&L("4"/'2201&F5"#$($'-&5'-&"/#$/-$-&#5$&,"$)$&#*&

($+'"/&#5$($&.*(&'&0$'(:&U5$&%,*>$&'8*3#&#5$&-$+*2"#"*/E&Z:::&;5$&+'"/&($'%*/&W&6'%&%'-&

65$/&N->4#&6'%&-$+*2"%5$-&6'%&8$)'3%$&W&/$9$(&($'220&5'-&'&)5'/)$&#*&%$$&"#&,(*,$(201&

8$)'3%$&+'>"/4&'&6*(>&"/&#5$&%#($$#&"%&9$(0&-"..$($/#&.(*+&+'>"/4&6*(>&"/&#5$&%#3-"*:::&

r#5$&)*3/)"2s&-"-/D#&6'/#&'/0&+$+*(0&*.&#5$&,"$)$:&Q*6$9$(1&,$*,2$&)*/#"/3$&#*&#$22&+$&

#5$"(&+$+*("$%&*.&%$$"/4&N->4#&'/-&WD+&9$(0&,(*3-&#*&5'9$&+'-$&"#1&83#&WD+&%'-:&W&-*/D#&

#5"/>&"#&)*+,2$#$20&2*%#&"#%&-"4/"#01&83#&"#%&-"4/"#0&6'%&('#5$(&5"B')>$-:[ \Y&W/&%*+$&6'0%1&

#5*3451&#5"%&%$$+%&#*&($.2$)#&#5$&2".$&)0)2$&*.&#5$&)"#0&'/-&'()5"#$)#3($:&N$"458*(5**-%&'($&

-0/'+")1&83"2-"/4%&'($&-$+*2"%5$-&'/-&/$6&*/$%&83"2#1&,2')$%&)*/#"/3$&#*&$7"%#&*/20&"/&

+$+*(0:&F5"#$($'-D%&6*(>&8("/4%&#*&+"/-&i')5$2'(-D%&X*$#")%&*.&U,')$E&#5$&%#($/4#5&*.&

#5$&$+*#"*/'2&"+,')#&*.&'&,2')$&"+,("/#$-&*/&#5$&%$/%$%: \=&

CR i('-2$01&b"*/'1&$-:&K&2"#@$S"+'#/#&):$8"#))+(7$*+,#5$N$6&O*(>1&;5'+$%&'/-&Q3-%*/&W/):1&=RRc1&,:&@V
\Y P$6"($-&N*61&666:4**42$:)*+l%"#$%l($6"($-/*6
\= i')5$2'(-1&m'%#*/1&E-#'+24$-,$89&2#1&i*%#*/1&i$')*/&X($%%1&=RR\

((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((A)(((((((((((
 F5"#$($'-&6'%&)5*%$/&"/&=RRS&#*&)($'#$&#5$&=>)#(9@&'B$N-@-2&>4'$A#1-/+&@&"/&

e"$//':&U5$&-$%"4/$-&'&,"$)$&#*&8$&'&)'%#"/4&*.&#5$&"/#$("*(&*.&'&2"8('(01&"#D%&%5$29$%&.322&

6"#5&8**>%&*.&#5$&+"22"*/%&*.&%#*("$%&*.&2"9$%&#5'#&6*32-&/$9$(&8$&#*2-:&;5$&,"$)$&"%&

,*6$(.32&"/&"#D%&%#'(>&%"2$/)$:&i3#&'&)*/#(*9$(%0&$(3,#$-&65$/&"#&6'%&-"%)*9$($-&-3("/4&

%"#$&6*(>&#5'#&'&%0/'4*43$&5'-&*/)$&$7"%#$-&#5$($&"/&#5$&=\YYD%1&'/-&"#&5'-&8$$/&'&%"#$&

65$($&-*I$/%&*.&<$6%&#**>&#5$"(&2"9$%&('#5$(&#5'/&%38+"#&#*&!'#5*2")&,($%%3($&#*&-$/*3/)$&

#5$"(&.'"#5:&\@&W#&6'%&%344$%#$-&#5'#&#5$&+$+*("'2&8$&%"#$-&$2%$65$($1&83#&F5"#$($'-&

%3))$%%.3220&)*3/#$($-&#5'#&#5$&6*(>&5'-&8$$/&%,$)".")'220&-$%"4/$-&.*(&#5$&%"#$1&'/-&"#&

6*32-&2*%$&"/#$4("#0&*.&-$%"4/&'/-&+$'/"/4&#*&8$&+*9$-:&

b"43($&@=E&;6*&-"..$($/#&#0,$%&*.&+$+*(0E&<3-$/,2'#I&Q*2*)'3%#&K$+*("'2&&'/-&&Q*3%$1
."43($&*/&."2$&6"#5&#5$&^()5"#$)#3($&M$,'(#+$/#

F5"#$($'-D%&6*(>&8("/4%&3,&"%%3$%&#5'#&)*32-&8$&($2$9'/#&#*&.3#3($&,2'//"/4&*/&+'/0&

%)'2$%E&3(8'/&,2'//"/41&($-$9$2*,+$/#&*.&/$"458*(5**-%1&65$#5$(&#*&-$+*2"%5&*(&%'9$&'&

\@ !*//*2201&A'#$1&3@-4#)$G--?4$&()$8'+@@#)$*+F#45&666:43'(-"'/:)*:3>l6*(2-l@YYYl*)#l@S

((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((A;(((((((((((
83"2-"/41&&,($%$(9'#"*/&*.&5"%#*(")'2&%"#$%1&,($%$(9'#"*/&*.&%"#$%&*.&($+$+8('/)$:&;5$&6*(>&

($%*/'#$%&.*(&'/0*/$&65*1&2">$&i')5$2'(-1&5'%&5'-&#5$&$7,$("$/)$&*.&,50%")'2&($)'22&*.&'&

5*3%$&2*/4&4*/$?&#5$&%)$/#%1&#5$&.$$2&*.&*/$D%&.**#.'22%&*/&#5$&%#'"(%1&#5$&%*3/-&*.&'&%)($$/&

-**(&%2'++"/4&%53#&"/&#5$&8($$I$:&

d')5&*.&#5$%$&'(#"%#%&,(*-3)$-&2'(4$&%)'2$&,382")&,"$)$%&#5'#&'2#$($-&($%"-3'2&%,')$:&

;5$&+*%#&%#(">"/4&#*&+$&"%&K'##'?!2'(>D%&%&DP4$Q()I$Q$&,$(5',%&3%$-&#5$&+*%#&'8'/-*/$-&

*.&%,')$%1&'/-&80&'(#"%#")l'()5"#$)#3('2&"/#$(9$/#"*/1&)($'#$-&'&%,')$&#5'#&6*32-&'2#$(&"#%$2.&

*9$(&#"+$&G'%&#5$&%3/2"45#&,'%%$-&&#5(*345&#5$&*,$/"/4%&5$&)3#H1&'/-&3%$-&#5$&%#(3)#3($&'/-&

+'#$("'2%&*.&#5$&($%"-3'2&%,')$&"#%$2.&'%&,'(#&*.&#5$&,"$)$1&G"/&#5$&,(*)$%%&($9$'2"/4&+*($&*.&

#5$&%#(3)#3($H:&;*&'&)$(#'"/&-$4($$&#5"%&"%&-*/$&"/&#5$&Q"452"/$&'2%*:&;5$&$7"%#"/4&%#(3)#3($&

"%&,($%$(9$-&'/-&$9$/&($9$'2$-&'&8"#&+*($&.3220:&;5$&$2$+$/#&*.&#"+$&"%&"/5$($/#&"/&#5$&

2"/$'(&/'#3($&*.&#5$&%,')$:

((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((A<(((((((((((
 !"#$%&'(F

%"&(2,%&(#-*(%"&($'=.'#R

%>?(-?V4($>BE?

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

'($&8*#5&'()5"#$)#3('2&"/#$(9$/#"*/%&"/&,382")&%,')$%1&'/-&'2%*&)*22'8*('#"9$&

'(#l'()5"#$)#3($&"/#$(9$/#"*/%:

& L/$&%3)5&)*22'8*('#"*/&"%&#5$&*#-(&$%/+F#$E/-W#2'&"/&;*(*/#*1&"/&65")5&

'(#l'()5"#$)#3('2&"/#$(9$/#"*/%&6$($&-*/$&*/&'&%$("$%&*.&%+'22&,*%#?6'(&83/4'2*6%&%2'#$-&

.*(&-$+*2"#"*/&#*&+'>$&6'0&.*(&$9$(?"/)($'%"/4&/$6&-$9$2*,+$/#:&;5$&'(#"%#%&6'/#$-&#*&

)'22&'##$/#"*/&#*&#5$&,2')$%&65$($&,$*,2$&6$($&')#3'220&2"9"/41&'/-&8$"/4&-"%,2')$-&.(*+:&

^/*#5$(&,(*B$)#1&A&?#$!"+4$G#''#/1&"/&F"/-%*(1&L/#'("*1&"%&3%"/4&'&9'("$#0&*.&"/#$(9$/#"*/%&

#*&)'22&'##$/#"*/&#*&#5$&"/)($'%"/4&-$%$(#"*/&'/-&'8'/-*/+$/#&*.&-*6/#*6/&'($'%:&;5$&

6$8%"#$&8(*>$/)"#02'8:*(4&-*)3+$/#%&#5$%$&'/-&*#5$(&($2'#$-&,(*B$)#%&"/&L/#'("*:&!"#$

N#+)#@<#/7$E/-W#2'&&"/&M$#(*"#&5'%&8$$/&#('/%.*(+$-&#5(*345&'/&'(#"%#&;0($$&m30#*/D%&

9"%"*/&.(*+&'&-$%*2'#$&'($'&*.&'8'/-*/$-&5*3%$%&#*&'/&"/#$(')#"9$&3(8'/&%)32,#3($&,'(>: \C&W&

5'9$&($%$'()5$-&('"26'0&%#'#"*/%&.*(&8*#5&'()5"#$)#3('2&%#(3)#3($1&'/-&-3$&#*&X*(#2'/-D%&

2"/>&#*&('"26'0&5"%#*(0:&;6*&*.&#5$&%#'#"*/%&W&2**>$-&'#&)2*%$20&'($&F'#$(2**&U#'#"*/&"/&

]*/-*/1&'/-&U*3#5$(/&!(*%%&U#'#"*/&"/&K$28*3(/$1&^3%#('2"'1&8*#5&-$%"4/$-&80&N")5*2'%&

m("+%5'6:&b*(&%,$)".")&"/.*(+'#"*/&*/&,382")&+'(>$#%1&W&%#3-"$-&#5$&P$'-"/4&X382")&

K'(>$#&"/&X5"2'-$2,5"'1&&'/-&.*(&5*6&+'(>$#&'()5"#$)#3($&)*32-&($9"#'2"I$&'/&'($'1&#5$&

\C&;5$&Q$"-$28$(4&X(*B$)#1&666:5$"-$28$(4:*(4l1&@Y==

((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((AA(((((((((((
U'/#'&!'#$("/'&K'(>$#&"/&i'()$2*/':

W#&"%&"+,*(#'/#&#*&($%$'()5&#('/%.*(+'#"*/&*.&($%"-3'2&%,')$%&"/&)"#"$%&#5'#&5'9$&

$7,$("$/)$-&,*%#?"/-3%#("'2&-$)2"/$1&#*&-*)3+$/#&5*6&&%,')$%&'($&3%$-1&'/-&5*6&'/-&".&

#5$0&5'9$&"/"#"'#$-&)5'/4$%&"/&#5$&3(8'/&/$"458*(5**-:&W&5'9$&2**>$-&.*( &,'('22$2%&#*&#5$&

3(8'/&%"#$%&"/&K'"/$&#5'#&W&'+&)*/%"-$("/4:&K3)5&'%&F"22"'+&Q:&F50#$&-"-&"/&5"%&

-*)3+$/#'(01\\&W&6"22&*8%$(9$&%,')$%&*9$(&'&4"9$/&#"+$1&#*&%$$&5*6&#5$&3%$(%&*.&#5$&%,')$&

$..$)#&)5'/4$%&6"#5"/&#5$&%,')$&#5(*345*3#&#5$&-'0:&N$7#&%#$,%&"/)23-$&*8%$(9'#"*/1&

-*)3+$/#'#"*/&'/-&'/'20%"%&*.&8*#5&,382")&%,')$%&#5'#&'($&%3))$%%.321&'/-&#5*%$&#5'#&'($&

/*#:&;5"%&($%$'()51&65$/&,*%%"82$1&6"22&8$&-*/$&#5(*345&%"#$&9"%"#%:

W/&)*/%"-$("/4&'&#5$%"%&%"#$1&&W&2**>$-&'#&%"#$%&"/&^343%#'1&]$6"%#*/1&'/-&

X*(#2'/-1&K'"/$:&^343%#'&'/-&]$6"%#*/1&8*#5&.*(+$(&+"22&)"#"$%1&5'-&'/0&/3+8$(&*.&

'8'/-*/$-&%,')$%&#5'#&)*32-&8$&,*#$/#"'2&%"#$%:&i*#5&)"#"$%&'($&2*)'#$-&*/&("9$(%1&'/-&5'9$&

"/#$($%#"/4&+"22&'/-&('"2(*'-&"/.('%#(3)#3($:&^343%#'&"%&#5$&%#'#$&)',"#'21&83#&"#D%&-*6/#*6/&

5'%&8$$/&'22&83#&'8'/-*/$-:&W/&#5$&,'%#&0$'(1&#5$&k/"9$(%"#0&*.&K'"/$&^()5"#$)#3($&'/-&^(#&

-$,'(#+$/#%&5'-&-*/'#$-&#*&#5$+&'&."9$&%#*($0&83"2-"/4&"/&#5$&-*6/#*6/1&6"#5&%#($$#&2$9$2&

$75"8"#"*/&%,')$:&W#&"%&,*%%"82$&#5'#&'&/$6&"/.237&*.&%#3-$/#%&#*&#5$&'($'&6"22&5$2,:&

]$6"%#*/&5'%&'&-$+*4(',5")&+"7#3($&*.&*2-$(&b($/)5?!'/'-"'/&.'+"2"$%&65*%$&'/)$%#*(%&

)'+$&#*&6*(>&"/&#5$&+"22%1&'/-&0*3/4&U*+'2"&.'+"2"$%&65*&'($&($9"#'2"I"/4&#5$&-*6/#*6/&

6"#5&/$6&($%#'3('/#%&'/-&83%"/$%%$%:&&X*(#2'/-&'2($'-0&5'%&'&2"9$2"$(&-*6/#*6/&#5'/&

$"#5$(&*.&#5$&*#5$(&#6*&)"#"$%1&83#&#5$($&'($&%#"22&+'/0&($+'"/"/4&($%"-3'2&%"#$%&'+*/4&#5$&

5"456'01&('"2&'/-&6'#$(.(*/#&'($'%&#5'#&8*(-$(&#5$&-*6/#*6/:&W&6'/#$-&'&%"#$&/$'(&#*&#5$&

\\&F50#$1&F"22"'+&Q:1&!"#$8-2+&@$*+,#$-,$81&@@$;/<&($89&2#4&G."2+H&666:9"+$*:)*+l@=```SSRc1&@Y==

((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((AF(((((((((((
-*6/#*6/&)$/#('2&,'(#&*.&#5$&)"#01&'%&"/&K'"/$&+*%#&*3#20"/4&'($'%&'($&'))$%%"82$&*/20&80&

)'(:&^%&*/$&4*'2&"%&.*(&#5"%&,382")&%,')$&"%&#*&8$&'))$%%"82$&#*&'/-&3%$-&80&'%&+'/0&

-"..$($/#&,$*,2$&'%&,*%%"82$1&#*&8$&#(320&,382")1&#5"%&"%&'/&"+,*(#'/#&&)*/%"-$('#"*/:&&

;5$&%"#$&32#"+'#$20&)5*%$/&.*(&+0&#5$%"%&"%&#5$&b('/>2"/&^(#$("'2&"/&X*(#2'/-1&

K'"/$:&;5$&'($'&#5'#&W&6"22&8$&.*)3%"/4&*/&"%&.(*+&#5$&"/#$(%$)#"*/&*.&U*+$(%$#&'/-&

b('/>2"/1&%*3#5&#*&#5$&"/#$(%$)#"*/&*.&K"--2$&'/-&b('/>2"/1&'/-&#5$&'($'%&-"($)#20&'-B')$/#&

#*&#5$&$'%#&'/-&6$%#:&W&)5*%$&#5"%&%"#$&8$)'3%$&"#&($,($%$/#%&'&)*/-"#"*/&#5'#&$7"%#%&"/&+'/0&

*2-$(&3(8'/&/$"458*(5**-%&#5(*345*3#&#5$&k/"#$-&U#'#$%:&

%>?(2:4?(

b('/>2"/&^(#$("'2&6'%&)($'#$-&"/&=RSc1&'%&,'(#&*.&'&+'%#$(&,2'//"/4&-$%"4/&80&

e")#*(&m(3$/:&;5$&*8B$)#"9$&6'%&#*&+'>$&X*(#2'/-&+*($&9$5")2$&.("$/-201&%"/)$&'#&#5$&#"+$&

#5$&)"#0&6'%&2*%"/4&,*,32'#"*/&#*&#5$&%383(8%:\`&X($9"*3%20&#5$&'(#$("'2&6'%&>/*6/&'%&

b('/>2"/&U#:1&'/-&"#&6'%&'&/'((*6$(&%#($$#1&."22$-&6"#5&)*++$()"'2&83"2-"/4%&'/-&

($%"-$/)$%:&U3((*3/-"/4&b('/>2"/&U#:&6$($&#5$&i'0%"-$&'/-&]"##2$&W#'20&/$"458*(5**-%1&

+3)5&*.&65")5&6$($&('I$-&"/&=R`V&"/&'&%23+&)2$'('/)$&"/"#"'#"9$: \S

;5$&($%32#"/4&.*3(&2'/$&%3(.')$&5"456'0&%$,'('#$-&#5$&/$"458*(5**-%1&'/-&

($%32#$-&"/&'&%#($$#&$7)23%"9$20&.*(&9$5")32'(&#('.."):&;5$($&'($&.$6&%"-$6'2>%&.*(&

,$-$%#("'/%:&;5$&6"-$&)$/#$(&+$-"'/&"%&)3(($/#20&3/3%'82$1&'%&#5$($&"%&/*&%'.$&,$-$%#("'/&

'))$%%:&;5$($&'($&%$9$('2&-$%"($&,'#5%&')(*%%&#5$&+$-"'/1&65")5&'($&',,(*7"+'#$20&65$($&

%"-$&%#($$#%&*/)$&)(*%%$-&b('/>2"/:&
\`&5##,Ell666:,*(#2'/-+'"/$:4*9l,2'//"/4l,$/"/%32'."/'2($,*(#:,-.
\S&&&5##,&Ell&.('/>2"/%#($$#&:&3%&l&5"%#*(0&?&*.&?&.('/>2"/&?&'(#$("'&2

((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((AG(((((((((((
 W/&#5$&2$/4#5&*.&b('/>2"/&.(*+&U*+$(%$#&#*&K"--2$1&#5$($&"%&*/20&*/$&83"2-"/4&

65")5&%#"22&&.(*/#%&*/&#5$&(*'-1&'/&','(#+$/#&83"2-"/4&8$#6$$/&!3+8$(2'/-&'/-&!*/4($%%&

U#%:&^22&*#5$(&83"2-"/4%&#3(/&#5$"(&%"-$%&*(&8')>&#*&#5$&(*'-1&+*%#&%$,'('#$-&80&2*#%&'/-&

)5'"/&2"/>&.$/)"/4:

;5$&%"#$&(*34520&-"9"-$%&#5$&X*(#2'/-&,$/"/%32'&(3//"/4&/*(#5l%*3#5&.(*+&W?@R`&#*&

#5$&!'%)*&i'0&b$((0&;$(+"/'2&'#&!*++$()"'2&U#:&;5$($&"%&'&/$6&8">$&,'#5&B3%#&/*(#5&*.&

#5$&%"#$&65")5&)*//$)#%&#*&9'("*3%&($)($'#"*/'2&'($'%&#5(*345*3#&#5$&)"#0:&;5$&%"#$&

4('-3'220&%2*,$%&-*6/6'(-&.(*+&/*(#5&#*&%*3#5:

L/&#5$&6$%#&%"-$&*.&#5$&%"#$1&8$4"//"/4&'#&U*+$(%$#&U#:1&#5$&)5'(')#$(&*.&#5$&

i'0%"-$&/$"458*(5**-&"%&"/-3%#("'21&6"#5&6'($5*3%$%1&+'/3.')#3("/4&'/-&#(3)>"/4&

83%"/$%%$%:&K*9"/4&%*3#51&#5$&'($'&8$)*+$%&($%"-$/#"'21&6"#5&'&+"7#3($&*.&*2-$(&

6**-.('+$&*/$?&'/-&+32#"?.'+"20&-6$22"/4%1&'/-&/$6$(&2*6&"/)*+$&5*3%"/4&3/"#%:&^#&#5$&

)*(/$(&*.&!3+8$(2'/-&U#:&"%&b('/>2"/&;*6$(1&'&%$/"*(&5*3%"/4&,(*B$)#1&65")5&'#&=c&%#*($0%&

"%&#5$&#'22$%#&83"2-"/4&"/&X*(#2'/-&G'/-&K'"/$H:&W#&6'%&83"2#&'#&#5$&%'+$&#"+$&'%&b('/>2"/&

^(#$("'2:&i$#6$$/&!3+8$(2'/-&'/-&!*/4($%%&U#:1&#5$($&"%&'&2'(4$&%3(.')$&,'(>"/4&2*#1&

65")5&"%&'))$%%"82$&.(*+&!*/4($%%&U#:&G!*/4($%%&U#:&"%&'&+'"/&)*++$()"'2&#5*(*345.'($:H&

U*3#5&*.&!*/4($%%&"%&]"/)*2/&X'(>1&'&2'(4$20&3/-$(3#"2"I$-&,382")&,'(>:&i$0*/-&#5"%&"%&#5$&

)*3(#5*3%$1&#5$&,*2")$&%#'#"*/1&'/-&#5$/&K"--2$&U#:1&65")5&"%&,$-$%#("'/&.("$/-201&'/-&2$'-%&

6$%#6'(-&#*&#5$&L2-&X*(#1&'/-&$'%#6'(-&#*&'&/$"458*(5**-&*.&%+'22&($%#'3('/#%&'/-&%5*,%:

L/&#5$&$'%#&%"-$&*.&#5$&%"#$1&#5$&/$"458*(5**-&)*/%"%#%&*.&%$9$('2&5*3%"/4&,(*B$)#%1&

i'0%"-$&;$((')$1&i'0%"-$&d'%#&'/-&A$//$-0&X'(>:&;5$($&"%&'&#5("9"/4&)*++3/"#0&4'(-$/&

%"#3'#$-&8$#6$$/&#5$&5*3%"/4&'/-&b('/>2"/&^(#$("'2:&i$0*/-&#5$&,382")&5*3%"/41&#5$&

((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((AH(((((((((((
/$"458*(5**-&"%&+'-$&3,&*.&*2-$(&6**-.('+$&*(&8(")>&%"/42$&'/-&+32#".'+"20&5*3%$%:&

;5$&d'%#&i'0%"-$&'($'&"%&+*%#20&($%"-$/#"'21&6"#5&'&+"7&*.&)32#3($%1&'&0*3/4$(&,*,32'#"*/1&

'/-&+'/0&"/#$($%#"/4&%#($$#%&#*&$7,2*($:

^))*(-"/4&#*&#5$&d'%#&i'0%"-$&N$"458*(5**-&U#3-0&80&#5$&K3%>"$&U)5**2&*.&X382")&

&-6$22"/4%1&($,($%$/#&@=&)*3/#("$%&*.&*("4"/:[\c&

!*/#"/3"/4&%*3#51&8$#6$$/&!3+8$(2'/-&'/-&!*/4($%%&U#:1&"%&#5$&!'#5$-('2&*.&

W++')32'#$&!*/)$,#"*/1&'/-&#5$&)53()5&%)5**2:&U*3#5&*.&!*/4($%%&U#:&"%&'/*#5$(&

($%"-$/#"'2&'($'1&'2*/4&6"#5&($+/'/#%&*.&X*(#2'/-g%&W#'2"'/&%$)#"*/1&($%#'3('/#%1&%+'22&

4(*)$("$%&'/-&%5*,%:&;5$&65*2$&2$/4#5&*.&#5$&b('/>2"/&^(#$("'2&'/-&'-B')$/#&%#($$#%&'($&

6"#5"/&'&%5*(#&6'2>&#*&-*6/#*6/&X*(#2'/-:

%>?((!:4M(B37(4>?('?D:63

X*(#2'/-&"%&#5$&2'(4$%#&)"#0&"/&K'"/$1&6"#5&'&,*,32'#"*/&*.&S\1YYY&"/&#5$&)"#01&'/-&

@CY1YYY&"/&#5$&+$#(*&'($':\V&;5$&'9$('4$&#$+,$('#3($&"%&=S&-$4($$%&"/&<'/3'(01&'/-&SS&

-$4($$%&"/&<3/$:&F$#&-'0%&,$(&+*/#5&('/4$&.(*+&=@:@&"/&M$)$+8$(&-*6/&#*&V:R&"/&

U$,#$+8$(:&<'/3'(0&'9$('4$%&=R&Z&*.&%/*6.'22:&X($9'"2"/4&6"/-%&'($&.(*+&#5$&6$%#:&

X*(#2'/-&($)$"9$%&',,(*7"+'#$20&R&5*3(%&*.&%3/2"45#&*/&M$):&@=1&'/-&=S&5*3(%&*/&<3/$&

@=:\R;5$&)"#0&"%&2*)'#$-&"/&#5$&%*3#5$(/&)*'%#'2&'($'&*.&K'"/$1&*/&!'%)*&i'01&&!3+8$(2'/-&

!*3/#0:&W#&"%&=YS&+"2$%&.(*+&i*%#*/1&C@`&+"2$%&.(*+&N$6&O*(>&!"#01&'/-&@c`&+"2$%&.(*+&

\c&5##,Ell666:)":,*(#2'/-:+$:3%l,2'//"/4lSYC."/'2($,*(#:,-.

\V&5##,Ell666:,*(#2'/-+'"/$:4*9l
\R&5##,Ell666:4'"%+':)*+l$/l2*)'#"*/l,*(#2'/-?+'"/$:5#+2

((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((AI(((((((((((
K*/#($'2:&X*(#2'/-&"%&2"/>$-&#*&*#5$(&,'(#%&*.&K'"/$&,("+'("20&80&)'(1&6"#5&%*+$&2"+"#$-&

83%&%$(9")$:&;('"/&%$(9")$&"%&%)5$-32$-&#*&$7,'/-&/*(#5&.(*+&X*(#2'/-&#*&*#5$(&,'(#%&*.&

K'"/$&"/&@Y=@:&W?R`&"%&'&(*3#$&#*&"/2'/-&)"#"$%&%3)5&'%&]$6"%#*/&'/-&^343%#'1&W?@R`&'/-&

kU&=&2"/>&#5$&)"#0&#*&#5$&($%#&*.&)*'%#'2&K'"/$:&;5$($&"%&2"+"#$-&83%&%$(9")$&8$#6$$/&)"#"$%&

"/&K'"/$:&X382")&#('/%,*(#'#"*/&2"/>%&#*&*#5$(&($4"*/%&"/)23-$&.2"45#%&.(*+&#5$&X*(#2'/-&

W/#$(/'#"*/'2&<$#,*(#1&!*/)*(-&i3%&]"/$%&'/-&^+#('>:&F"#5"/&#5$&)"#0&'/-&+$#(*,*2"#'/&

'($'&#5$($&"%&'&K$#(*83%&%0%#$+&65")5&(3/%&.($J3$/#20:

b"43($&@=E&;5$&!"#0&'/-&#5$&P$4"*/

!'%)*&i'0&)*/#'"/%&*9$(&CYY&"%2'/-%1&%$9$('2&*.&65")5&'($&,'(#&*.&#5$&)"#0&'/-&'($&

"/5'8"#$-&0$'(&(*3/-:&b$(("$%&($432'(20&2$'9$&.(*+&#5$&!'%)*&i'0&;$(+"/'21&65")5&"%&'#&

#5$&%*3#5$(/&#$(+"/3%&*.&b('/>2"/&^(#$("'2&*/&!*++$()"'2&U#:&;5$($&"%&'2%*&'&)(3"%$&%5",&

#$(+"/'2&/$'(80:&;5$&4$*2*4")'2&)*+,*%"#"*/&*.&#5$&!'%)*&i'0&'($'&"%&+'-$&*.&42')"'2&

((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((AJ(((((((((((
&+'("/$&-$,*%"#%&G%"2#&'/-&)2'0H&'/-&42')"'2&#"22&*9$(&8$-(*)> `Y:&;5$&)"#0&"%&c`&.$$#&'8*9$&

%$'&2$9$2:

%>?($56D5BQ($56@6EBO

;5$&$7"%#"/4&)*/-"#"*/%&'#&b('/>2"/&^(#$("'2&+'>$&"#&'&-"..")32#&'/-&-'/4$(*3%&

8'(("$(&#*&)(*%%:&d9$/&#5*345&"#&,'%%$%&#5(*345&($%"-$/#"'2&'($'%&*/&"#g%&6'0&#*6'(-&

-*6/#*6/1&($%"-$/#%&)'/g#&'))$%%&#5"%&(*3#$&*/&.**#&*(&8")0)2$:&;5*%$&65*&2"9$&*/&#5$&

/*(#5$'%#&%"-$1&"/&#5$&5*3%"/4&,(*B$)#%&'/-&2*6$(&"/)*+$&/$"458*(5**-%&'($&)3#&*..&.(*+

#5$&-*6/#*6/:&^/&'.#$(/**/&*.&*8%$(9'#"*/&.*3/-&+'/0&)5"2-($/&'/-&.'+"2"$%&#(0"/4&#*&

-*-4$&#('..")&'/-&)(*%%&*/&'&-$%"($&,'#5&'#&L7.*(-&U#::&

^))*(-"/4&#*&#5$&d'%#&i'0%"-$&N$"458*(5**-&U#3-0&)*/-3)#$-&80&#5$&K3%>"$&

U)5**2&*.&X382")&U$(9")$1&ZX'(#")",'/#%&9*")$-&,'(#")32'(&)*/)$(/&.*(&)5"2-($/&65*&

)3(($/#20&.($J3$/#&#5"%&%5*(#)3#&#*&%)5**2:[ `=&W#&"%&'2%*&-"..")32#&#*&6'2>&#5$&2$/4#5&*.&

b('/>2"/1&8$)'3%$&#5$($&'($&/*&%"-$6'2>%1&'/-&#5$&%5*32-$(&"%&/'((*6&'/-&%#$$,&"/&,2')$%:&

W/&'--"#"*/&#*&8("/4"/4&i'0%"-$&($%"-$/#%&-*6/#*6/1&#5$($&"%&#5$&,*#$/#"'2&#*&8("/4&

9"%"#*(%1&65*&+'"/20&9"%"#&#5$&L2-&X*(#&'/-&!*++$()"'2&U#:1&#*&$7,2*($&#5$&/$"458*(5**-%&

.3(#5$(&/*(#5&'/-&$'%#&'2*/4&b('/>2"/:&^&."(%#&%#$,&6*32-&8$&#*&)($'#$&,$-$%#("'/l8">$&

,'#56'0%&'2*/4&#5$&2$/4#5&*.&b('/>2"/1&'/-&$%#'82"%5&,$-$%#("'/&)(*%%"/4%&'/-l*(&8("-4$%&

'#&#5$&-$%"($&,'#5%:&;5$&,$-$%#("'/l8">$&6'0&6*32-&)*//$)#&#*&#5$&$7"%#"/4&i'0%"-$&#('"2:&

^/&*/4*"/4&"/"#"'#"9$&"/&X*(#2'/-&"%&%3,,*(#&*.&#5$&'(#%&'/-&#5$&)($'#"9$&$)*/*+0:&

`Y&5##,Ell666:+'"/$:4*9l-*)l/("+)l+4%l,38%l*/2"/$l%3(.")"'2

`=&5##,Ell666:)":,*(#2'/-:+$:3%l,2'//"/4lSYC."/'2($,*(#:,-.

((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((FK(((((((((((
X*(#2'/-g%&^(#%&M"%#(")#&)$/#$(%&'(*3/-&!*/4($%%&U#:1&#*&#5$&6$%#&*.&b('/>2"/&^(#$("'21&

65$($&#5$($&'($&4'22$("$%1&%#3-"*%1&#5$&K'"/$&!*22$4$&*.&^(#1&'/-&#5$&X*(#2'/-&K3%$3+&*.&

^(#:&i3#&+'/0&'(#"%#%&2"9$&'/-&6*(>&"/&2$%%&$7,$/%"9$&'($'%&2">$&i'0%"-$&'/-&#5$&d'%#&d/-:&

U+'22&4'22$("$%&'/-&)'.$%&#5'#&%5*6&,'"/#"/4%&'/-&5*%#&,*$#(0&($'-"/4%&'($&%#'(#"/4&#*&8$&

$%#'82"%5$-&$'%#&*.&b('/>2"/:&^&6'2>&'(*3/-&d'%#&i'0%"-$&($9$'2%&+3('2%&,'"/#$-&80&

)*++3/"#0&'(#"%#%1&'/-&%)32,#3($%&+'-$&*.&.*3/-&*8B$)#%:&L,,*(#3/"#"$%&#*&+'>$&'/-&

$75"8"#&'(#&"/&,382")&,2')$%&)*32-&8$&'/*#5$(&6'0&*.&8("-4"/4&#5$&-"9"-$&*.&b('/>2"/&

^(#$("'2:&;5$($&)*32-&8$&%+'22&$9$/#&%,')$%&#3)>$-&"/#*&#5$&82*)>%&'-B')$/#&#*&b('/>2"/1&'%&

6$22&'%&$%#'82"%5$-&%,')$%&6"#5"/&#5$&b('/>2"/&+$-"'/&.*(&.($J3$/#20&)5'/4"/4&"/#$(')#"9$&

'(#&"/%#'22'#"*/%:&;5"%&6*32-&,(*9"-$&'/&"/)$/#"9$&.*(&,$*,2$&#*&+*9$&3,&'/-&-*6/&

b('/>2"/1&'/-&6$'9$&')(*%%&.(*+&6$%#&#*&$'%#&'/-&8')>&#*&%$$&'/-&,'(#")",'#$&"/&'(#%&

$9$/#%:&&

X*(#2'/-&"%&'&)"#0&>/*6/&.*(&J3'2"#0&2*)'2&.**-:&^&9"%"#&#*&d'%#&i'0%"-$&($9$'2$-&'&

2'(4$&)*++3/"#0&4'(-$/&*/&'&2*#&'-B')$/#&#*&b('/>2"/1&/$'(&L7.*(-&U#:&W/&#5"%&-"9$(%$&

/$"458*(5**-1&4'(-$/%&,(*9"-$&'&6'0&#*&4(*6&9$4$#'82$%&#5'#&+'0&/*#&8$&$'%"20&'9'"2'82$&

"/&X*(#2'/-:&;5$&4'(-$/%&)*32-&8$&$7,'/-$-&#*&*#5$(&,2*#%&6"#5"/&#5$&/$"458*(5**-1&$9$/&

#*&#5$&+$-"'/&'($'%&*/&b('/>2"/:;5$($&"%&*/$&4(*)$(0&%#*($&6"#5"/&6'2>"/4&-"%#'/)$1&

F5*2$&b**-%1&'#&U*+$(%$#&U#:&^#&#5$&%*3#5&$/-&*.&b('/>2"/1&#5$($&'($&%*+$&%+'22&W#'2"'/&

+'(>$#%&'&.$6&82*)>%&$'%#:&O$#&4"9$/&#5$&-$/%"#0&*.&#5$&i'0%"-$&'/-&d'%#&i'0%"-$&

/$"458*(5**-%1&#5$($&"%&/*#&+3)5&)5*")$&.*(&830"/4&.**-:&^&,$(+'/$/#&%#(3)#3($&#5'#&

)*32-&5*3%$&'&.'(+$(g%&+'(>$#&6*32-&4"9$&($%"-$/#%&'&9'("$#0&*.&.($%5&.**-%1&8$&'&,2')$&#*&

%$22&,(*-3)$&.(*+&3(8'/&4'(-$/%1&'/-&)($'#$&'&4'#5$("/4&%,')$&#5'#&6$'9$%&#5$&

((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((F)(((((((((((
/$"458*(5**-%&#*4$#5$(:&^&+'(>$#,2')$&6"#5&2*)'2&,(*-3)$1&8'>$-&4**-%1&+$'#1&."%5&'/-&

)5$$%$&6*32-&'2%*&-('6&,$*,2$&.(*+&-*6/#*6/:&

K'/0&)"#"$%&'22*6&.**-&#(3)>%1&65")5&'($&'&6'0&#*&4$#&'&%+'22&83%"/$%%&4*"/41&'%&

6$22&'%&,(*9"-"/4&)5$',&'/-&#'%#0&+$'2%:&;5"%&"%&%*+$#5"/4&#5'#&X*(#2'/-&"%&)*/%"-$("/4&

'22*6"/41&6"#5&($%#(")#"*/%:&;5$&%"#$&&)*32-&5'9$&'/&%,')$&.*(&'&)5'/4"/4&(*%#$(&*.&.**-&

#(3)>%&#*&6*(>&.(*+:&;5"%&)*32-&-('6&,$*,2$&3,&.(*+&#5$&)*3(#5*3%$&'/-&K"--2$&U#:&

*..")$%&'#&23/)5#"+$1&8$&'&,2')$&#*&,")>&3,&.**-&65"2$&6'2>"/4&5*+$&"/&#5$&$9$/"/41&*(&

8$)*+$&'&,2')$&#*&4'#5$(&'/-&$'#&65"2$&*3#&.*(&'&6'2>&*(&8">$&("-$:&W/&*#5$(&)"#"$%1&#5$&

,($%$/)$&*.&.**-&#(3)>&5'9$&$/2"9$/$-&/$"458*(5**-%:

b('/>2"/&^(#$("'2&"%&'&83%0&9$5")32'(&(*3#$&.(*+&W?@R`&"/#*&-*6/#*6/&X*(#2'/-1&

'/-&,$*,2$&5'9$&8$$/&3%"/4&"#&.*(&*9$(&\Y&0$'(%&/*6:&;5$&,(*,*%'2&6*32-&/*#&$2"+"/'#$&

9$5")2$%&"/&'/0&6'01&83#&6*32-&$/5'/)$&#5$&3/-$(3#"2"I$-&+$-"'/&'/-&%3((*3/-"/4&

($%"-3'2&%,')$&#*&)($'#$&'&%'.$&'/-&53+'/&%)'2$&$/9"(*/+$/#&#5'#&$/)*3('4$%&,$*,2$&#*&

6'2>1&#*&$7,2*($&#5$&2*)'2&%#($$#%1&'/-&#5'#&8$4"/%&#5$&,(*)$%%&*.&6$'9"/4&#*4$#5$(&#5$&

/$"458*(5**-%&#5'#&6$($&#*(/&','(#&%*&2*/4&'4*:

b"43($&@@E&b('/>2"/&^(#$("'2&2**>"/4&$'%#

((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((F;(((((((((((
 !"#$%&'(G

%"&(%"&2,2($'=T&!%W(%'#-2+='R#%,=-(=+(/'0#-($/01,!(2$#!&

%>?(=X?5X:?Y

b('/>2"/&^(#$("'2&6'%&*/)$&'&/$"458*(5**-&%)'2$&)"#0&%#($$#1&6"#5&+"7$-&3%$%&*.&

($%"-$/#"'2&'/-&%+'22&83%"/$%%$%:&N$'(&#5$&.**#&*.&b('/>2"/&U#:1&/$'(&#5$&5'(8*(1&#5$&

X*(#2'/-&!*+,'/0&+'/3.')#3($-&%#$$2&('"2&'/-&2*)*+*#"9$%&.*(&*9$(&=YY&0$'(%: `@&^.#$(&#5$&

3(8'/&($/$6'2&,(*4('+&*.&#5$&$'(20&=RSYD%1&#5$&/$"458*(5**-&6'%&-$+*2"%5$-&'/-&

-"9"-$-:`C&;5$&($%32#&6'%&'&.*3(&2'/$&-"9"-$-&5"456'01&%3((*3/-$-&80&#5$&($%"-3'2&%,')$&*.&

,'(>"/4&2*#%1&9')'/#&2*#%1&'/-&%$+"?9')'/#&"/-3%#("'2&%"#$%:&;5$($&'($&'2%*&%*+$&5*3%"/4&

,(*B$)#%&"/&#5$&'($':&O$#1&*/&$')5&%"-$&*.&#5$&5"456'0&'/-&"#D%&($%"-3'2&%,')$1&#5$($&'($&%#"22&

#5$&9"#'2&/$"458*(5**-%&*.&d'%#&'/-&F$%#&i'0%"-$1&5*+$&#*&%+'22&($%"-$/#"'2&83"2-"/4%&

'/-&2*)'2&83%"/$%%$%:

!639?@4E(B37($5?9?7?34E

U"#$&'/'20%"%&2$-&#*&#5$&-$9$2*,+$/#&*.&#5$&.*22*6"/4&,(*4('+&.*(&#5$&b('/>2"/&

^(#$("'2E&;5$&5"456'0&6"22&8$&($%#*($-&#*&/$"458*(5**-&%)'2$&'%&'&#6*&2'/$&%#($$#:&^&

8")0)2$l,$-$%#("'/&,'#5&6"22&8$&)($'#$-&*/&#5$&)3(($/#&/*(#5$(/&2'/$%:&;5"%&6"22&)*//$)#&

6"#5&#5$&$7"%#"/4&,'#5%&#5'#&(3/&'2*/4&K'(4"/'2&F'0&'/- &!*++$()"'2&U#1&2"/>"/4&#5$&

b('/>2"/&'($'&#*&#5$&2**,&'(*3/-&#5$&,$/"/%32':&F"#5&#('..")&%2*6$-&80&#5$&)5'/4$%&"/&#5$&

(*'-6'01&#5$($&6"22&8$&%#*,&%"4/%&'/-&,$-$%#("'/&)(*%%"/4%&'#&#5$&'($'%&65$($ &)3(($/#&

`@ 5##,Ell666:+'"/$+$+*(0:/$#
`C 5##,Ell.('/>2"/%#($$#:3%l5"%#*(0?*.?.('/>2"/?'(#$("'2

((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((F<(((((((((((
-$%"($&,'#5%&$7"%#:&b$-$('2&U#:1&65")5&"%&/*6&%$9$($-&80&b('/>2"/1&6"22&8$&($)*//$)#$-:&

d7"%#"/4&,'(>%1&%3)5&'%&A$//$-0&X'(>&#*&#5$&/*(#56$%#1&]"/)*2/&X'(>&*/&!*/4($%%&U#:1&'/-&

#5$&i'0%"-$&3(8'/&4'(-$/&G65")5&6"22&8$&$7,'/-$-H&6"22&8$&2"/>$-&80&4($$/&%,')$%1&#*&

.*(+&'&)5'"/&*.&,'(>%&'2*/4&#5$&b('/>2"/&)*(("-*(:&;5(*345*3#&#5"%&'($'1&#5$($&6"22&8$&

%$9$('2&5'(-%)',$-&%"#$%&#5'#&6"22&.3/)#"*/&'%&'(#l,$(.*(+'/)$&%,')$%:&&^&/$6&,382")&

+'(>$#&83"2-"/41&2*)'#$-&*/&#5$&)3(($/#&,'(>"/4&%"#$&'#&b('/>2"/&'/-&!*/4($%%1&6"22&%$(9$&

'%&'&/$"458*(5**-&/*-$1&#*&)*//$)#&/*#&*/20&d'%#&'/-&F$%#&i'0%"-$1&83#&#*&)*//$)#&#5$&

/$"458*(5**-%&*/&$"#5$(&%"-$&*.&!*/4($%%&U#:&;5$&)*/)$,#&.*(&#5$&83"2-"/4&"%&#*&8$&'&

.2$7"82$&%,')$&#5'#&6"22&'22*6&'&9'("$#0&*.&')#"9"#"$%:&;5$($&'($&+"7$-&3%$&83"2-"/4%&

,(*,*%$-&.*(&#5$&.3#3($&'2*/4&#5$&/*(#5&%"-$&*.&b('/>2"/&U#($$#&#*&4"9$&)2*%3($&#*&]"/)*2/&

X'(>1&'/-&#*&8("/4&"/)($'%$-&')#"9"#0&#*&#5$&'($':&

X($)$-$/#%&'($&.$'#3($-&65")5&5'9$&8$$/&%#3-"$-&"/&($4'(-&#*&,382")&3%$&*.&.*(+$(&

($%"-3'2&%,')$1&%3)5&'%&#5$&Q"452"/$&'/-&L,$/&^"(&]"8('(01&.*(&'()5"#$)#3('2&"/#$(9$/#"*/&

#*&($9"#'2"I$&*2-$(&83"2-"/4%&'/-&/$"458*(5**-%1&%3)5&'%&#5$&U'/#'&!'#$("/'&K'(>$#1&'/-&

.*(&%,')$&'/-&%#(3)#3($1&%3)5&'%&F'#$(2**&U#'#"*/&'/-&U*3#5$(/&!(*%%&U#'#"*/:&

((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((FA(((((((((((
 b"43($&@CE&^/&L9$(9"$61&."43($%&*/&."2$&6"#5&#5$&^()5"#$)#3($&M$,'(#+$/#

b"43($&@\E&!*/)$,#%&'/-&X($)$-$/#%1&."43($%&*/&."2$&6"#5&#5$&^()5"#$)#3($&M$,'(#+$/#

((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((FF(((((((((((
 %>?(2:4?($OB3E

&U"#$&,2'/&=&"223%#('#$%&5*6&$7"%#"/4&)"()32'#"*/&6"22&8$&)5'/4$-&.*(&8*#5&,$-$%#("'/%&

'/-&9$5")2$%:&^2%*&%5*6/&"%&5*6&$7"%#"/4&9*"-%&"/&#5$&3(8'/&.'8(")&6"22&8$&')#"9'#$-&80&

'()5"#$)#3('2&"/#$(9$/#"*/:&U*+$&*.&#5$&$7"%#"/4&3/%'.$&.**#,'#5%&'2*/4&#5$&(*'-6'0&'($&

,")#3($-1&6"#5&'/&*9$('22&%"#$&,2'/&-"'4('++"/4&65$($&#5$&/$6&,$-$%#("'/&,'#5%&6"22&8$&

2*)'#$-:&;5$&,2'/&'2%*&-$%"4/'#$%&#5$&2*)'#"*/&*.&'(#&%"#$%1&/$6&'/-&$7,'/-$-&4($$/&

%,')$%1&'/-&/$6&83"2-"/4%:&

U"#$&X2'/&@&I**+%&"/&*/&#5$&83"2-"/4&%"#$1&'&)3(($/#&,'(>"/4&2*#&*.&',,(*7"+'#$20&

\YYD&7&\YYD:&;5$($&"%&'2%*&'/&'/'20%"%&*.&83"2-"/4&%)'2$%&'-B')$/#&#*&#5$&%"#$1&65")5&'"-&"/&

#5$&%)'2"/4&*.&#5$&/$6&+'(>$#&83"2-"/4:&F5"2$&"#&%5*32-&8$&'/&")*/")&83"2-"/4&.*(&

X*(#2'/-1&"#&%5*32-&/*#&)*+,$#$&"/&5$"45#&6"#5&#5$&,(*+"/$/#&83"2-"/4%&*/&#5$&%>02"/$1&'/-&

"#&%5*32-&8$&%)'2$-&#*&#5$&%3((*3/-"/4&($%"-$/#"'2&'($'%:&

K'#$("'2%&.*3/-&'-B')$/#&#*&#5$&%"#$1&%3)5&'%&4('/"#$1&8(")>1&+$#'2&,'/$2%1&'/-&6**-&

6"22&"/.*(+&#5$&+'#$("'2%&#*&8$&3%$-&"/&#5$&/$6&,382")&+'(>$#&'/-&%3((*3/-"/4&

2'/-%)',"/4:&;5$($&6"22&8$&'&,'#5&#5(*345&#5$&%"#$&'/-&+'(>$#&83"2-"/4&)*//$)#"/4&

!3+8$(2'/-&U#:&#*&!*/4($%%&U#:1&'/-&'&,'(>"/4&4'(-$/&*/&#5$&6$%#&%"-$&*.&#5$&+'(>$#1&

6"#5&%,')$&.*(&.**-&#(3)>%&#*&,'(>:&

&;5$&%"#"/4&*.&#5$&+'(>$#&'2*/4&!*/4($%%&U#:&,(*9"-$%&'/&$-4$&)*/-"#"*/&.*(&]"/)*2/&X'(>1&

65")5&6"22&5$2,&#*&+'>$&"#&"/#*&'&+*($&%3))$%%.32&%,')$:&^&('+,&)*//$)#%&#5$&

,$-$%#("'/l8">$&,'#5&#*&#5$&"/#$("*(&*.&#5$&+'(>$#1&'22*6"/4&,$*,2$&#*&'))$%%&#5$&+'(>$#&

.*(+&#5$&*#5$(&%"-$&*.&b('/>2"/&8*#5&80&8">$&'/-&*/&.**#:&;5$&('+,&)2$'('/)$&'22*6%&

#('..")&#*&,'%%&8$/$'#5&"/&b('/>2"/&U#:&

((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((FG(((((((((((
 &b"43($&@`E&U"#$&X2'/&=

b"43($&@SE&U"#$&X2'/&@

((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((FH(((((((((((
 %>?($8LO:9(RB5C?4

;5$&b('/>2"/&U#($$#&X382")&K'(>$#&%$(9$%&'%&'&/*-$&#*&($3/"#$&#5$&%3((*3/-"/4&

/$"458*(5**-%1&'%&6$22&'%&#*&3/"#$&#5$&'($'%&*/&$"#5$(&%"-$&*.&!*/4($%%&U#:&W#&,(*9"-$%&'&

%,')$&#*&4'#5$(1&#*&830&'/-&%$22&2*)'2&4'(-$/&,(*-3)$1&*(&#*&%#'4$&'&,$(.*(+'/)$:&;5$&

.2$7"8"2"#0&*.&#5$&%,')$&'22*6%&.*(&'&9'("$#0&*.&)5'/4"/4&3%$%&*9$(&'/0&4"9$/&,$("*-&*.&

#"+$:

;5$($&'($&+'/0&2*)'2&.'(+%&"/&K'"/$:&e$/-*(%&)*32-&%$22&9$4$#'82$%1&.(3"#1&-'"(01&

+$'#1&%$'.**-1&.2*6$(%1&5$(8%1&8'>$-&4**-%1&B'+%&'/-&%'3)$%1&'/-&8$9$('4$%:&;5$($&"%&'2%*&

*,,*(#3/"#0&.*(&#5$&%'2$&*.&'(#6*(>1&)('.#%1&'/-&*#5$(&2*)'220&+'-$&"#$+%:&P'#5$(&#5'#&#5$&

#('-"#"*/'2&+'(>$#&%#'22%1&9$/-*(%&'#&#5$&b('/>2"/&U#:&K'(>$#&6*32-&($/#&%,$)"'220&-$%"4/$-&

+'(>$#&)'(#%&#*&-"%,2'0&#5$"(&4**-%:&P$/#'2%&6*32-&8$&8'%$-&*/&5*6&+'/0&)'(#%&#5$&

9$/-*(&/$$-%&#*&($/#1&$"#5$(&80&-'01&6$$>&*(&+*/#5:&;5"%&.2$7"8"2"#0&6*32-&'22*6&.*(&#5$&

.322?#"+$&.'(+$(&#*&5'9$&&'&8"4&-"%,2'0&0$'(&(*3/-1&*(&.*(&'&2*)'2&($%"-$/#&#*&($/#&*/$&)'(#&

#*&%$22&%*+$&#*+'#*$%&%5$&5'%&4(*6/&"/&#5$&i'0%"-$&!*++3/"#0&m'(-$/&*/&'&%$'%*/'2&

8'%"%:&

;5$&+'(>$#&.2**(&%,')$&"%&'))$%%"82$&#5(*345&%$9$('2&=YD&7=YD&4'('4$&-**(%:&e$/-*(%&

)'/&,322&#5$"(&#(3)>%&3,&#*&#5$&-**(%1&3/2*'-&*/#*&#5$&+'(>$#&)'(#%1&'/-&#5$/&'(('/4$&#5$+&

.*(&#5$&-'0:&;5$&,382")&)'/&$/#$(&#5(*345&-**(%&*/&'/0&%"-$&*.&#5$&+'(>$#1&*(&#5(*345&#5$&

('+,&$/#('/)$&.(*+&#5$&8">$&,'#5:&W/&#5$&6'(+$(&6$'#5$(1&#5$&4'('4$&-**(%&)'/&($+'"/&

*,$/1&'22*6"/4&'"(&)"()32'#"*/&#5(*345&#5$&+'(>$#:&;5$&+'(>$#&.**#,("/#&"%&SYD&7&CS`D1&

@=RYY&%J3'($&.$$#&*.&%,')$:&;5$&83"2-"/4&$2$9'#"*/&('/4$%&.(*+&=SD&#*&C@D:&;5$($&'($&#6*&

((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((FI(((((((((((
)*($&'($'%&#5'#&'($&/*#&.2$7"82$E&'&)*($&*/&#5$&6$%#&%"-$&#*&5*3%$&#5$&($%#(**+%1&'&

-$+*/%#('#"*/&>"#)5$/1&'/-&)**2$(%1&'/-&'&)*($&*/&#5$&$'%#&%"-$&#*&5*3%$&*..")$%1&'&

+$)5'/")'2&(**+1&'/-&%#*('4$&.*(&+'(>$#&)'(#%:&;5$&%#(3)#3($&*.&#5$&83"2-"/4&)*/%"%#%&*.&

4232'+&8$'+%&'/-&#3832'(&%#$$2&)*23+/%:&;5$&$7#$("*(&+'#$("'2%&'($&%#')>$-&%#*/$1&)*(#$/&

%#$$21&5'(-"$8*'(-1&'/-&'&)3(#'"/&6'22:&;5$&"/#$("*(&'2%*&($.2$)#%&#5$%$&+'#$("'2%1&'%&6$22&'%&

5'9"/4&'&,*2"%5$-&)*/)($#$&.2**(&.*(&$'%$&*.&)2$'/"/4:&

L/&#5$&/*(#5&%"-$&*.&#5$&"/#$("*(1&#5$($&"%&'&6"-$&%#'"()'%$&2$'-"/4&#*&'&-$)>:&;5$&

-$)>&)*32-&8$&3%$-&'%&'/&$'#"/4&'($'1&*(&'%&'&,$(.*(+'/)$&'($'&.*(&23/)5#"+$&)*/)$(#%:&

^2#$(/'#$201&#5$($&)*32-&8$&'/&'.#$(?5*3(%&,$(.*(+'/)$&*(&+$$#"/4&5$2-&*/&#5$&+'(>$#&

.2**(1&'/-&#5$&6"-$&%#'"(%&)*32-&%$(9$&'%&%$'#"/4:&;5$&)*/)$,#&*.&#5$&+'(>$#&%,')$&"%&#*&

($+'"/&'%&.2$7"82$&'%&,*%%"82$:&;5$&+*($&5*3(%&,$(&-'0&#5'#&#5$&%,')$&)'/&8$&3%$-1&#5$&

+*($&%3))$%%.32&#5$&')#"9'#"*/&*.&#5$&%3((*3/-"/4&/$"458*(5**-&6"22&8$:&W-$'2201&#5$&

+'(>$#&6"22&8$&*6/$-&'/-&'-+"/"%#$($-&80&#5$&)"#01&'/-&($%"-$/#%&6"22&8$&'82$&#*&3%$&#5$&

%,')$&.*(&,382")&')#"9"#"$%&'.#$(&+'(>$#&5*3(%:&W#&6*32-&8$&,*%%"82$&.*(&'&4(*3,%&#*&3%$&#5$&

%,')$&.*(&)*/)$(#%1&,2'0%1&+$$#"/4%1&'(#&%5*6%1&82*)>&,'(#"$%1&*(&'/0&*#5$(&#0,$&*.&

)*++3/"#0&')#"9"#0:&;5$&'8"2"#0&#*&,(*4('+&#5$&')#"9"#"$%&#5'#&5',,$/&6"#5"/&&#5$&+'(>$#&

4"9$&)*++3/"#0&($%"-$/#%&'&%$/%$&*.&*6/$(%5",&*9$(&#5$&%,')$1&'/-&'&%$/%$&*.&8$2*/4"/4&

6"#5"/&#5$&%,')$:&;5$&-'"20&+'(>$#&')#"9"#"$%&'/-&#5$&'.#$(&5*3(%&$9$/#%&6"22&'2%*&-('6&

#*3("%#%&'/-&83%"/$%%&,$*,2$&3,&.(*+&#5$&'($'%&$'%#&*.&!*/4($%%&U#:1&'/-&#5$&)*//$)#"*/%&

#5(*345&#5$&+'(>$#&9"'&#5$&('+,&'/-&#5$&,'#5&#*&!3+8$(2'/-&U#:&6"22&$/)*3('4$&

$7,2*('#"*/&*.&#5$&%3((*3/-"/4&/$"458*(5**-%&'/-&#5$&'(#l,$(.*(+'/)$&'/-&4($$/&%,')$%&

'2*/4&b('/>2"/&U#:

((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((FJ(((((((((((
 b"43($&@cE&;5$&K'(>$#&d7#$("*(

b"43($&@VE&;5$&K'(>$#&W/#$("*(

((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((GK(((((((((((
 %>?(RB5C?4(!B54E

;5$&b('/>2"/&U#:&+'(>$#&)'(#%&($,($%$/#&#5$&"/#$4('#"*/&*.&'(#&'/-&,$(.*(+'/)$&

6"#5"/&#5$&3#"2"#'("'/&,(*4('+&*.&#5$&%,')$:&;5$&)'(#%1&'%&-$%)("8$-&"/&#5$&,($9"*3%&%$)#"*/1&

'($&3%$-&-3("/4&+'(>$#&5*3(%&#*&-"%,2'0&#5$&4**-%&.*(&%'2$:&^.#$(&5*3(%1&#5$0&)'/&8$&$'%"20&

)2$'/$-&*..1&'/-&3%$-&.*(&#5$"(&%$)*/-'(0&,3(,*%$E&%$'#"/4&.*(&$9$/#&6"#5"/&'/-&*3#%"-$&*.&

#5$&,382")&+'(>$#&83"2-"/4:&

;5$&)'(#%1&65")5&'($&\`[&#'22&'/-&\`[&6"-$1&5'9$&'&)3(9$-&8')>&%3(.')$&.*(&.*(+"/4&

)"()32'(&%$'#"/4&65$/&4(*3,$-&#*4$#5$(:&;5$0&$')5&)*/#'"/&'&%#*('4$&)*+,'(#+$/#&"/&#5$&

8')>1&5'/-2$%&'/-&2*)>"/4&65$$2%&#*&+'>$&#5$+&+*9$'82$:&&;5$&)*/)$,#&"%&#*&&5'9$&'(#"%#%&

,'"/#1&)*22'4$1&+*%'")1&*(&',,20&4(',5")%&#*&#5$&)'(#%1&#5$($80&+'>"/4&$')5&*/$&'/&

"/-"9"-3'2&,"$)$&*.&'(#:&;5$&)'(#%&)'/&8$&+*9$-&#5(*345*3#&#5$&/$"458*(5**-1&'2*/4&#5$&

('+,1&8">$6'0&*(&%"-$6'2>%&#*&#5$&*#5$(&'(#l,$(.*(+'/)$&%,')$%:&;5$&'(#"%#?-$%"4/$-&)'(#%&

8$"/4&,3%5$-&"/&'&2"/$&#5(*345&#5$&%#($$#%&6"22&8$&'&,$(.*(+'/)$&*.&%*(#%&"/&"#%$2.E&#5$&%"#$&

*.&'&2"/$&*.&)'(#%&+*9"/4&6"22&%"4/'2&#*&,$*,2$&#5'#&'/&$9$/#&6"22&8$&#'>"/4&,2')$&/$'(80:&&

;5*%$&)'(#%&/*#&"/&3%$&)'/&8$&%#*($-&*/&#5$&"/#$("*(&*.&#5$&+'(>$#&"/&'&%,')$&8$/$'#5&

#5$&('+,:&;5$&%#*('4$&*,$/"/4%&'($&%"I$-&%*&#5'#&#5$&)'(#%&Z,234[&"/1&$7,*%"/4&#5$&8')>%&*.&

#5$&)'(#%&#*&#5$&+'(>$#&%*&#5'#&#5$&'(#&*/&#5$+&)($'#$%&'&)*2*(.32&-"%,2'0:&F"/#$(&%#*('4$&

.*(&&)'(#%&)'/&8$&"/&#5$&%+'22&%#(3)#3($&8$/$'#5&#5$&$7#$("*(&,'(#&*.&#5$&('+,1&"/&#5$&4($$/&

%,')$&')(*%%&b('/>2"/&U#:1&65$($&"/&#5$&%3++$(&'&8")0)2$&($/#'2&"%&2*)'#$-:&

;5$&)'(#%&6"22&8$&+'-$&*3#&*.&'&2"45#6$"45#1&-3('82$1&$'%"20&+'"/#'"/$-&+'#$("'2:&

;5$&)'(#%&'($&'&9"%"82$&'/-&,50%")'2&)*//$)#"*/&#5'#&2"/>%&#5$&&+'(>$#&#*&#5$&%3((*3/-"/4&

+'(>$#&#*&#5$&%3((*3/-"/4&b('/>2"/&U#:&%"#$1&'/-&#*&#5$&'(#%&)*++3/"#0&*.&X*(#2'/-:&

((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((G)(((((((((((
 b"43($&@RE&;5$&K'(>$#&!'(#%

b"43($&CYE&;5$&i3"2-"/4&K*-$2&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&b"43($&C=E&;5$&U"#$&K*-$2

((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((G;(((((((((((
 !"#$%&'(H

!=-!1/2,=-

%>?(,3PO8?39?(6P('?E?B59>(63(4>?(%>?E:E

;5$&($%$'()5&)*/-3)#$-&*/&5*6&'()5"#$)#3('2&'/-&'(#"%#")&"/#$(9$/#"*/&)'/&#('/%.*(+&

($%"-3'2&%,')$&"/#*&9"#'2&,382")&%,')$&5'%&"/.*(+$-&$')5&%#$,&*.&+0&#5$%"%&-$%"4/&,(*)$%%:&

m*(-*/&K'##'?!2'(>%D%&6*(>&8(*345#&3,&"%%3$%&*.&)($'#"/4&'&83"2-"/4&#5'#&6*32-&9"%"820&

($9$'2&"#D%&%#(3)#3($&'/-&.3/)#"*/1&'/-&+'>$&3%$&*.&+'#$("'2%&.*3/-&"/&#5$&2*)'2&2'/-%)',$:&

^2%*&"/#$4('2&#*&K'##'?!2'(>D%&"/.23$/)$&"%&#5$&)*/)$,#&*.&'22*6"/4&#5$&83"2-"/4D%&.3/)#"*/&

#*&8$&)5'/4$-&*9$(&#"+$&80&#5$&3%$(%&*.&#5$&%,')$E&)'(#%&+*9$-&"/&'/-&*3#1&4'('4$&-**(%&

'/-&6"/-*6%&*,$/$-&#*&823(&#5$&-"%#"/)#"*/&8$#6$$/&"/#$("*(&'/-&$7#$("*(:&&

;5$&%#3-"$%&*.&#5$&Q"452"/$&*,$/$-&3,&#5$&,*%%"8"2"#"$%&*.&2"/>"/4&#5$&/$"458*(5**-%&

*.&#5$&b('/>2"/&U#:&'($'&#5(*345&,'#5%1&4($$/&%,')$%&'/-&5'(-%)',$-&$9$/#&%,')$%1&'/-&*.&

+'>"/4&#5$&'($'&'&,2')$&#5'#&)*32-&8$&3%$-&80&9"%"#*(%&#*&#5$&)"#0&'%&6$22&'%&($%"-$/#%:&;5$&

,($)$-$/#%&*.&#5$&L,$/&^"(&]"8('(0&'/-&]$&W/#$(%#")$&`S&6$($&)(3)"'2&#*&-$9$2*,"/4&'&

)*/)$,#&*.&'&#(320&-$+*)('#")&,382")&%,')$&#5'#&#5$&($%"-$/#%&6*32-&5'9$&'&%$/%$&*.&

*6/$(%5",&*9$(:&;5$&)*/)$,#&*.&+*9$'82$&$9$/#&%,')$1&65")5&2$-&#*&#5$&+'(>$#&)'(#&"-$'1&

6'%&"/%,"($-&80&U,')$83%#$(:&

;5$&*#5$(&'(#"%#%&6*(>&#5'#&W&2**>$-&'#1&!5("%#*&'/-&P')5$2&F5"#$($'-1&($"/.*()$-&

#5$&)*/)$,#&*.&#$+,*('2"#01&*.&'22*6"/4&%,')$%&#5'#&)*32-&)5'/4$&*9$(&#"+$1&4$/$('#"/4&'/&

"/#$($%#&'/-&)3("*%"#0&#5'#&'&,$(+'/$/#&6*(>&*.&'(#&+'0&/*#&')5"$9$:&^4'"/1&#5"%&)*/)$,#

6'%&)(3)"'2&#*&#5$&-$9$2*,+$/#&*.&#5$&.2$7"82$&+'(>$#&%,')$&'/-&#5$&+'(>$#&)'(#%&#5'#&

((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((G<(((((((((((
&)*32-&8$&-$%"4/$-&80&'(#"%#%&'/-&+*9$-&'(*3/-&#*&9'("*3%&%,')$%:&

X$(5',%&+*%#&*.&'221&+0&#5$%"%&6'%&%5',$-&'%&'&($%,*/%$&#*&#5$&*/4*"/4&-"'2*43$&*.&

#5$&,'%#&%$9$('2&-$)'-$%&8$#6$$/&3(8'/&#5$*("%#%&'/-&3(8'/&,2'//$(%:&U,$)".")'2201&W&6'%&

"/.23$/)$-&80&#5$&%$$+"/420&*,,*%"#$&3(8'/&#5$*("$%&*.&P*8$(#&K*%$%&'/-&<'/$&<')*8%:&

;5$&*("4"/'2&b('/>2"/&^(#$("'2&-$%"4/&,(*8'820&6*32-&/*#&5'9$&$7"%#$-&6"#5*3#&#5$&

"/.23$/)$&*.&K*%$%1&'/-&<')*8%D&6("#"/4%&4'9$&+$&'&.('+$6*(>&6"#5&65")5&#*&)("#"J3$&'/-&

($)*/%"-$(&#5$&b('/>2"/&^(#$("'2&'($':&

((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((GA(((((((((((
 0,01,=.'#$"Z

^))*/)"1&e"#*1&E><@+2$89&2#$+($&$E/+F&'#$!+1#5&0/'$&()$'"#$E><@+2$89"#/#1&K"#)5$221&
F:<:;:1&$-:&!5")'4*1&k/"9$(%"#0&*.&!5")'4*&X($%%1&=RRY&

i')5$2'(-1&m'%#*/1&E-#'+24$-,$89&2#5$i*%#*/1&i$')*/&X($%%1&=RR\

i23/-$22&<*/$%1&X$#$(1&M*//'&X$#($%)31&<$($+0&;"221&0/2"+'#2'>/#$&()$E&/'+2+9&'+-(1&L7*/1&
kA1&U,*/&X($%%1&&@YY`

i('-2$01&b"*/'1&$-:&K&2"#@$S"+'#/#&):$8"#))+(7$*+,#5$N$6&O*(>1&;5'+$%&'/-&Q3-%*/&
W/):1&=RRc

i(*>$/&!"#0&]'8:&666:8(*>$/)"#02'8:*(41&@Y==

!'(*1&P*8$(#1$!"#$E-J#/$G/-?#/:K-<#/'$A-4#4$&()$'"#$6&@@$-,$L#J$M-/?5$N$6&O*(>1&
P'/-*+&Q*3%$1&=Rc\

!*//*2201&A'#$1&3@-4#)$G--?4$&()$8'+@@#)$*+F#45&666:43'(-"'/:)*:3>l6*(2-l@YYYl*)#l@S

M"22$(1&U)*."-"*&o&P$/.(*1&666:-%(/0:)*+1&@Y==

M"%$($/%1&!*("//$1&$-1&.-/)-($A&''&R3@&/?1&N$6&O*(>1&X5'"-*/&X($%%1&@YYC&

b('/>$1&A'($/&'/-&j3$/#"/&U#$9$/%1&$-:$*--4#$89&2#5$E-44+<+@+'D$&()$%+F#/4+'D$+($ ;/<&($
*+,#1&L7*/1&kA1&P*3#2$-4$1&@YYc

b"/$8$(41&<*/'#5'/&M'9"-&'/-&F*2.4'/4&e*2I1&3"/+4'-$&()$=#&((#R3@&>)#:$O($'"#$
S&D$'-$'"#$.&'#45$3#('/&@$E&/?5$L#J$M-/?$3+'D5&N$6&O*(>1&#5$&K$#(*,*2"#'/&
K3%$3+&*.&^(#1&@YY\

b2'+1&<')>1&$-:$K-<#/'$81+'"4-(:$'"#$3-@@#2'#)$S/+'+(745$X()$Q)+'+-(5&&;5$&k/"9$(%"#0&*.&
!'2".*(/"'&X($%%1&i$(>$2$0&'/-&]*%&^/4$2$%1&!'2".*(/"'f&k/"9$(%"#0&*.&!'2".*(/"'&
X($%%1&];M:&]*/-*/1&d/42'/-f&=RRS
b('/>2"/&P$)2'"+'#"*/&^3#5*("#01&!"#$N+4'-/D$-,$6/&(?@+($0/'#/+&@5$
5##,Ell.('/>2"/%#($$#:3%l5"%#*(0?*.?.('/>2"/?'(#$("'21&@Y=@

Q'4$/1&U3%'//'51&!&?+(7$8"&9#5$0$L#J$3-('/&2'$G#'J##($0/2"+'#2'>/#$&()$
L&'>/#5$L7.*(-1&^()5"#$)#3('2&X($%%1&@YY=
&
;5$&Q$"-$28$(4&X(*B$)#1&666:5$"-$28$(4:*(4l1&@Y==

((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((GF(((((((((((
Q"452"/$1&666:#5$5"45"/$:*(41&@Y==

Q"2-$8('/-1&m('/#1&G+-9"+@+2$0/2"+'#2'>/&@$89&2#1&A$22$(#1&U#$,5$/&P:1&<3-"#5&
Q$$(6'4$/1&K'(#"/&K'-*(1&$-1&G+-9"+@+2$%#4+7(5$!"#$!"#-/D5$82+#(2#$&()$
E/&2'+2#$-,$G/+(7+(7$G>+@)+(74$'-$*+,#1&Q*8*>$/1&F"2$0&'/-&U*/%1&@YYV

<')*81&K'(0&<'/$1&.-/)-($A&''&R3@&/?5$0$K#'/-49#2'+F#1&!5")'4*1&K3%$3+&*.&
!*/#$+,*('(0&^(#1&=RV`&

A**25''%1&P$+1&<3/>%,')$1&!'+8("-4$1&KW;&X($%%1&@YY@

C($6&F-/$-,$E><@+2$89&2#:$!#($M#&/4$-,$'"#$Q>/-9#&($E/+B#$,-/$;/<&($E><@+2$89&2#1&
666:"%%33:)*+

<')*81&K'(0?<'/$1&.-/)-($A&''&R3@&/?:0$K#'/-49#2'+F#1&!5")'4*1&K3%$3+&*.&
!*/#$+,*('(0&^(#1&=RV`

<')*8%1&<'/$1&!"#$%#&'"$&()$*+,#$-,$./#&'$01#/+2&($3+'+#41&N$6&O*(>1&P'/-*+&Q*3%$1&
=RS=

]0/)51&A$9"/1&&!"#$C1&7#$-,$'"#$3+'D1&!'+8("-4$1&KW;&X($%%1&=RSY

K3+.*(-1&]$6"%1$A-'"#/$=&2-<4P$N-1#$K#1#)+#45&N$6&O*(>$(1&M$)$+8$(&=1&=RS@

K'"/$&Q"%#*(0&L/2"/$1&5##,Ell666:+'"/$+$+*(0:/$#l1&@Y=@

L3(*3%%*..1&N")*2'"1&$O>'7/-J+(7$=&(#$=&2-<4$&()$N#/$L#J$M-/?1&N$6&O*(>&;"+$%1&
^,("2&CY1&@YYS

X(*B$)#&.*(&X382")&U,')$%1&666:,,%:*(41&@Y==

K&>1@&<-/<#/@+(:$0$L#J$099/-&2"$'-$;/<&(+'D1&666:('3+2'8*(:/$#

P$6"($-&N*61&666:4**42$:)*+l%"#$%l($6"($-/*6

U3%%+'/1&d2"I'8$#51&.-/)-($A&''&R3@&/?:$M->$0/#$'"#$A#&4>/#5&N$6&Q'9$/1&O'2$&
k/"9$(%"#0&X($%%1&@YYc&

;('/)">1&P*4$(1&b"/-"/4&]*%#&U,')$E;5$*("$%&*.&k(8'/&M$%"4/1&Q*8*>$/1&N<1&F"2$0&T&
U*/%1&=RVS

&F50#$1&F"22"'+&Q:1&!"#$8-2+&@$*+,#$-,$81&@@$;/<&($89&2#4&G."2+H&
666:9"+$*:)*+l@=```SSRc

((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((GG(((((((((((