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

/%

01234!(5657428

! " #$%&'(& " )&*+,#- " .# " /0)$ " 1#-$#) " .# " 2&)$*3*43' " 450"
236)230 " .& " .3'#3*& " -3,'# " .# " *&.0 " 3.#&-&7308 " .# " *&.0 " 3)*#',#)(9& " .#"
2&)$3.#'0(:#$ " #;*'0<=4'>.320$8 " # " ?4# " $# " 2&)2'#*3@&4 " A#-0"
#-0B&'0(9& " .# " $40 " *#&'30 " A4'0 " .& " .3'#3*& " CD#3)# " D#2E*$-#E'#""F8 " %&3"
*0-,#@"&"%0*&"?4#"$4$23*&4"503$ "2&)*'&,G'$30$ "#)*'#"&$"*#H'32&$ ".&"
.3'#3*& " .& " I-*35& " 5#3& " $G24-&J " " K$ " *#$#$ " 0A'#$#)*0.0$ " A&' " #$$#"
5#$*'#"3)2&)*#$*#".&"A#)$05#)*&"=4'>.32&8"2&5"0"2-0'#@0"#"0"%&'(0"
.# " 2&),#)235#)*& " ?4# " 20'02*#'3@05 " *&.&$ " &$ " $#4$ " #$2'3*&$8"
2&-&20'05 " #5 " ?4#$*9& " *0)*0$ " 3.G30$ " 2&545#)*# " 0.53*3.0$8"
0*3)73'05 " *0)*0$ " 2&)$#?L6)230$ " A0'0.&;03$ " << " .0$ " ?403$ " 0 " 503$"
#$20).0-&$0".3@"'#$A#3*&"M"2&)2#A(9&"*'0.323&)0-".0"3)*#'A'#*0(9&"
=4'>.3208"B#5"2&5&"0&"A0A#-".&"=43@")0"0A-320(9&".&".3'#3*&"<<8"?4#"
)#)E45 " *#H'32& " .& " .3'#3*& " A&.#'30 " )#5 " 0$ " 37)&'0' " )#5 " 0B$*#'<$#"
.#"A&$323&)0'<$#"0"$#4"'#$A#3*&J

K " 236)230 " .& " .3'#3*&8 " 2&5& " 2&)E#235#)*& " .# " 45 " $3$*#50"
.#")&'50$"=4'>.320$8")9&"A&.#"2&)$*3*43'<$#8"$#74).&")&$$&"04*&'8"
$#)9& " #;2-43).& " *4.& " & " ?4# " G " #$*'0)E& " 0& " .3'#3*& " A'&A'305#)*#"
.3*&J""!".3'#3*&8"$#).&"45"$3$*#50".#")&'50$"2&#'23*3,0$",+-3.&"#5"
45"N$*0.&".#*#'53)0.&8"A&.#"$#'".3$*3)7L3.&")3*3.05#)*#8"A&'"45"
-0.&8".0$"236)230$"?4#"#$*4.05"&$"%0*&$".#"*&.0"#$AG23#8"&"?4#"G"
#")9&"&"?4#".#,#"$#'"C& "O#3)""" &A&$*&"0& "O&--#)""F8"#8" "A&'"&4*'&8".#"
*&.&"$3$*#50".#")&'50$".3,#'$&"<<".#"5&'0-"&4".#".3'#3*&")0*4'0-"<<"
2&5"&"?40-"7&$*0'>05&$".#"2&)%4).3<-&"&4"0&"?40-"7&$*0'>05&$".#"
$4B&'.3)+<-&J " " P50 " 236)230 " .& " .3'#3*& " )9& " G " A&$$>,#-8 " $#74).&"
/0)$ " 1#-$#)8 " 0 " )9& " $#' " ?4# " $#4 " &B=#*& " $#=0 " %3;0.& " $#5"
3)*#'%#'6)230$ " #$*'0)E0$ " 0& " .3'#3*& " A&$3*3,&J " " N3$ " A&'?4# " 0 " *#&'30"
A4'0 " .& " .3'#3*& " $# " 0A'#$#)*0 " 2&5& " 0 " Q*#&'30 " .& " A&$3*3,3$5&"
=4'>.32&QJ
 R#$*0 " A#'$A#2*3,08 " 45 " 0*& " 3->23*& " G " 45 " 0*& " ?4# " G " Q0"
2&).3(9& " .# " '#0(9& " #$A#2>%320 " .& " .3'#3*&8 " .& " 0*& " .# " 2&#'(9&QJ " " K"
$0)(9& " G " A'&)4)230.0 " A#-&$ " =4>@#$8 " 0?4#-#$ " ?4# " *65 " 0"
2&5A#*6)230 " A0'0 " 0A-320' " 0$ " '#7'0$ " .& " .3'#3*& " )0$ " $3*40(:#$"
.#*#'53)0.0$"A#-0 "-#3J " "N$*0"$#'+",+-3.0 "$#"*3,#'"$3.&"#-0B&'0.0 "#"
A'&54-70.0"#5"2&)%&'53.0.#"2&5"'#7'0$".#"45")>,#-"$4A#'3&'"?4#"
.#*#'53)05 " 0$ " 2&).3(:#$ " .# " %4)23&)05#)*& " .&$ " A&.#'#$"
-#73$-0*3,&"#"#;#24*3,&J""N$$0$"2&).3(:#$"$9&")&'50-5#)*#"%3;0.0$"
)450 " 2&)$*3*43(9& " ?4# " %&')#2# " 0 " -#3 " %4).05#)*0- " .& " $3$*#50"
=4'>.32& "&4"?4#"'#5#*#"0"450"&4*'0"-#3 "?4#"70'0)*#"0",0-3.0.# ".0"
0*40-"2&)$*3*43(9&J

S&.&"$3$*#50".#")&'50$"#".#"0*&$"=4'>.32&$"G8"0&"5#$5&"
*#5A&8 " E3#'0?43@0.& " # " .3)T532&J " " " N-# " G " E3#'0'?43@0.& " A&'?4# " &$"
0*&$ " =4'>.32&$ " 0.?43'#5 " ,0-3.0.# " 0 " A0'*3' " .# " $40 " 2&)%&'53.0.# " 0"
)&'50$"=4'>.320$8"?4#".#A#).#5"A&'"$40",#@".#"&4*'0$")&'50$8"#"
0$$35 " A&' " .30)*#8 " 0*G " 0*3)73'<$# " 0 " -#3 " %4).05#)*0-8 " ?4# " )9& " *#5"
=4$*3%320(9& " =4'>.3208 " 50$ " G " A'#$$4A&$*0 " A&' " *&.0$ " 0$ " )&'50$ " #"
*&.&$ " &$ " 0*&$ " =4'>.32&$ " .& " $3$*#50J " " P5 " $3$*#50 " .# " .3'#3*& " .3%#'#"
.# " 45 " $3$*#50 " %&'50-8 " $#74).& " /0)$ " 1#-$#)8 " A&'?4# " #-# " )9& " G"
#$*+*32&8 " 50$ " .3)T532&J " " N%#*3,05#)*#8 " 0$ " )&'50$ " 3)%#'3&'#$ " # " &$"
0*&$ " =4'>.32&$ " )9& " A&.#5 " $#' " .#.4@3.&$ " .# " )&'50$ " ?4#"
2&).323&)05 " $40 " ,0-3.0.#8 " 50$ " ?4# " %&')#2#5 " 4)3205#)*# " &"
?40.'& " .#)*'& " .& " ?40- " 0$ " )&'50$ " 3)%#'3&'#$8 " B#5 " 2&5& " &$ " 0*&$"
=4'>.32&$ " ?4# " 0$ " 0A-32058 " A&.#5 " 3)$2'#,#'<$# " ,0-3.05#)*#J " " !"
-#73$-0.&'8 " & " =43@8 " & " 0.53)3$*'0.&' " C0& " 5#)&$ " )& " 20$& " .&"
0.53)3$*'0.&' " 3).3'#*&F " '#2#B#58 " )450 " 5#.3.0 " ,0'3+,#-8 " 0"
04*&'3.0.#")#2#$$+'308"$#=0"A0'0"2'30'")&,0$"-#3$ ")&"?40.'&".0"-#3"
2&)$*3*423&)0-8 " $#=0 " A0'0 " 2&)2'#*3@0'8 " A0'0 " 3).3,3.40-3@0' " 450"
)&'50"7#'0-")&$"20$&$"A0'*324-0'#$".#"0A-320(9&J""N5"*&.&$"#$$#$"
20$&$8 " $40 " 0(9& " G " 2'30.&'0 " .& " .3'#3*&8 " .# " %&'50 " ?4# " & " -#73$-0.&'"
)9& " 3)*#'A'#*0 " 0 " 2&)$*3*43(9&8 " 50$ " .#23.# " ,&*0' " 2#'*0$ " -#3$8 " #5"
,3'*4.# " .& " A&.#' " -#73$-0*3,& " ?4# " 0 " 2&)$*3*43(9& " -E# " 0*'3B438 " 0$$35"
2&5&"&"=43@8"0A-320).&"0"-#38")9&"*#5"A&'"53$$9&".3@#'"$#4"$#)*3.&"
2&''#*& " C'32E*37""F8 " 50$ " .#23.3'8 " .0).& " $40 " $#)*#)(08 " ?40- " G8 " .#)*'#"
0$"3)*#'A'#*0(:#$"A&$$>,#3$".0"-#38"0?4#-0"?4#"#-#"?4#'"A'3,3-#730'8"
)0 " &2&''6)230U " " $40 " .#23$9&8 " #;0*05#)*# " 2&5& " 0 " .& " -#73$-0.&'8"
)9&"G8"$#74).&"1#-$#)8"0"#;A'#$$9&".#"45"2&)E#235#)*&8"50$"45"
0*& " .# " ,&)*0.#J " " K " 5&*3,0(9& " .# " 450 " .#23$9& " =4.323+'308 " 0$$35"
2&5&"&"A'#T5B4-& "?4#"=4$*3%320 "45"A'&=#*& ".#"-#38 "A#'*#)2#")9&"M"
*#&'30 " .& " .3'#3*&8 " 50$ " M " " A&->*320 " =4'>.3208 " ?4# " A'#23$05 " $#'"
)3*3.05#)*# " .3$$&230.0$J " " O# " G " 3)2&)*#$*+,#- " ?4# " & " .3'#3*& " G " 45"
5#3& " #5 " ,3$*0 " .0 " '#0-3@0(9& " .# " %3)0-3.0.#$ " $&2303$ " .# " *&.0"
#$AG23#8 " 0 " 236)230 " .& " .3'#3*&8 " 2&5& " 2&)E#235#)*& " .# " 45 " $3$*#50"
.# " )&'50$8 " )9& " *#5 " A&' " &B=#*& " $#)9& " & " #$*4.& " .#$$0$ " )&'50$ " #"
.# " $#4 " $37)3%320.&8 " 3).#A#).#)*#5#)*# " .0$ " 2&)$#?L6)230$ " ?4#"
'#$4-*0'305 " .# " $40 " 0A-320(9&J " " S&.& " '#24'$& " M " 3)*#'A'#*0(9&"
*#-#&-H7320 " .0$ " )&'50$ " =4'>.320$ " $038 " $#74).& " )&$$& " 04*&'8 " .&$"
?40.'&$".0"236)230".&".3'#3*&8"A#'*#)2#).&"M"A&->*320"=4'>.320J

K " *#&'30 " A4'0 " .& " .3'#3*& " $# " 20'02*#'3@08 " 2&5& " 020B05&$"
.# " 5&$*'0' " 543*& " B'#,#5#)*#8 " A&' " 45" 3)*'0)$37#)*# " .40-3$5& " ?4#"
&A:#8 " A&' " 45 " -0.&8 " & " $#' " 0& " .#,#' " $#'8 " 0 " '#0-3.0.# " 0& " ,0-&' " C#"
2&)=4)*05#)*# " 0$ " 236)230$ " .0 " )0*4'#@0 " M$ " 236)230$ " .& " #$A>'3*&8 " 0"
)0*4'#@0 " M " $&23#.0.#8 " B#5 " 0$$35 " 0 " 204$0-3.0.# " M " 35A4*0(9&F " #8"
A&' " &4*'&8 " & " .3'#3*& " M " 5&'0- " # " & " .3'#3*& " A&$3*3,& " 0& " .3'#3*& " )0*4'0-J"
K " 236)230 " .& " .3'#3*&8 " #)?40)*& " 2&)E#235#)*& " .& " .3'#3*& " A&$3*3,&"
.#,# " #-353)0' " 35A3#.&$05#)*# " *&.0$ " 0$ " 2&)$3.#'0(:#$ " ?4# " $9&"
#$$#)230-5#)*# " #$*'0)E0$ " 0 " $#4 " &B=#*& " # " ?4# " 3)*'&.4@#5 " $4B<
'#A*32305#)*#8 " A&' " 3)*#'5G.3& " .# " 3.#&-&730$ " .# " *&.0 " #$AG23#8"
*&50.0$ " .# " A&$3(9& " .#2&''#)*#$ " .0 " A&->*320 " =4'>.3208 " %0@#).&<0$"
A0$$0' " A&' " '#$4-*0.&$ " 2&7)3*3,&$8 " .#2&''#)*#$ " .0 " 236)230 " .&"
.3'#3*&J " " V&3 " #;*'03).& " 0$ " 2&)$#?L6)230$ " -H7320$ " .0$ " *#$#$ " ?4#"
,35&$ " .# " #;AW' " ?4# " /0)$ " 1#-$#) " 2&)2#B#4 " 0 " *#&'30 " A4'0 " .&"
.3'#3*&8 " #5 " ?4# " & " A&)*& " .# " A0'*3.0 " C0 " )&'50 " %4).05#)*0-F " B#5"
2&5& " *&.&$ " &$ " A&)*&$ " .# " A0$$07#5 " C.# " 450 " )&'50 " 7#'0- " 0 " 450"
)&'50"A0'*324-0'8 "&4".#"450")&'50"0"45"20$&".#"$40"0A-320(9&F8"
.#A#).#5 " .# " .#23$:#$8 " .# " 0*&$ " .# " ,&)*0.#8 " ?4# " )9& " $# " %4).05"
#5".3'#3*&8"50$"$#"=4$*3%3205"A&'"2&)$3.#'0(:#$".#"&'.#5"A&->*320"
&4"5&'0-J

X0$"A&.#"&"2&)E#235#)*&"7430'"0",&)*0.#"#5"5&'0-"#"#5"
A&->*320"Y""O#"$#"0.&*0"&".40-3$5&"Z#-$#)30)&8"?4#"G"*05BG5"&".#"
/[7#'$*'\58".#,#<$#"'#)4)230'"M"3-4$9&".0"'0@9&"A'+*320"#5"*&.&$"
&$ " .&5>)3&$8 " # " )9& " $&5#)*# " #5 " .3'#3*&J " " ] " & " '#$4-*0.&"
#$*0B#-#23.& " A&' " K-% " D&$$ " #5 " $40 "1'3*3Z " .#' " $&7#)0))*#)"
A'0Z*3$2E#) " N'Z#))*)3$""" C^#3A@378 " _`aaFJ " " X0$ " #)*9& " A&.#<$# " %0-0'"
$#'305#)*# " .# " 450 " .#23$9& " '0@&+,#-8 " .# " 45 " =4-705#)*& " B#5"
5&*3,0.&8 " .# " 450 " #$2&-E0 " =4$*3%320.08 " .# " 450 " A'#*#)$9&"
%4).05#)*0.0"Y""N"$#"$#5#-E0)*#$"0$$#'(:#$")9&"%&'#5"503$"?4#"
'023&)0-3@0(:#$".#$*3)0.0$"0"#)70)0'"&$"3)76)4&$8"#;A'353'30"*&.0"
,3.0"$&230-"0-7450"2&3$0"?4#")9&"'#-0(:#$".#"%&'(0"Y""N"0"%3-&$&%30"
A'+*320"$#',3'30 "0"&4*'0"2&3$0 "$#)9&"A0'0"2&B'3'"2&5"45"50)*&".#"
'#$A#3*0B3-3.0.# " 0?43-& " ?4# " &$ " 3)*#'#$$#$ " # " 0$ " A03;:#$ " 35A:#5"
A#-0"2&#'(9&"Y

b0'#2#<5# " ?4# " *&.&$ " &$ " A0'0.&;&$ " .0 " *#&'30 " A4'0 " .&"
.3'#3*&8 " B#5 " 2&5& " *&.0$ " 0$ " $40$ " 35A-320(:#$ " %3-&$H%320$8 " .#'3,05"
.#" 450"*#&'30 ".&" 2&)E#235#)*&" ?4#")9&"0*'3B43 ",0-&' "$#)9&" 0" 45"
$0B#' " 3)2&)*'&,#'$&8 " 3)*#3'05#)*# " %4).0.& " )&$ " .0.&$ " .0"
#;A#'36)230 " # " )0 " A'&,0 " .#5&)$*'0*3,08 " )#7-37#)230).& " *&*0-5#)*#"
&"A0A#- ".0"0'745#)*0(9&J" "R0",#'.0.#8")#5"0"#;A#'36)230 ")#5"0"
.#5&)$*'0(9& " -H7320 " A#'53*#5 " 0 " A0$$07#5 " .& " $#' " 0& " .#,#' " $#'8"
.0 " '#0-3.0.# " 0& " ,0-&'8 " .& " 2&5A&'*05#)*& " M$ " )&'50$J " " c0>8 " 2&5&"
*&.0 " =4$*3%320(9& " '023&)0- " .0$ " )&'50$ " A0'#2#5 " #;2-4>.0$ " .0"
A#'$A#2*3,0 " Z#-$#)30)08 " #-0$ " .#A#).#'305 " #%#*3,05#)*# " .#"
35A#'0*3,&$ " '#-373&$&$8 " .# " '#,#-0(:#$ " $&B'#)0*4'03$J " " K$"
5#*0%>$320$ " '023&)0-3$*0$ " ?4# " A'&24'0'05 " 45 " %4).05#)*&"
A4'05#)*# " E450)& " A0'0 " )&$$0$ " )&'50$ " # " )&$$&$ " ,0-&'#$ " $#'305"
0A#)0$ " 3.#&-&730$8 " #$%&'(0).&<$# " #5 " ,9& " A&' " $4B$*3*43' " &"
%4).05#)*&"'#-373&$&")9&"'023&)0-J" "N8")#$*#"A&)*&8"G".3%>23- ".#3;0'"
.# " $#743' " )&$$& " 04*&'U " $# " )&$ " '#24$05&$ " 0 " 2&)$3.#'0'"
2&5A'&B0*H'30$ " 3)*43(:#$ " 2&)*'&,#'*3.0$8 " )9& " #;3$*#8 " )& " .&5>)3&"
.0$ " )&'50$ " # " .&$ " ,0-&'#$ " ?4# " '#7#5 " )&$$0 " 0(9&8 " A'&,0$"
.#5&)$*'0*3,0$ " # " 2&)$*'3)7#)*#$J " " X0$ " $#'30 " A'#23$&8 " M " %0-*0 " .#"
A'&,0".#5&)$*'0*3,08 "'#)4)230'"0"=4$*3%320' "A&'"450"0'745#)*0(9&"
3740-5#)*# " 2&),3)2#)*# " # " A&$$>,#- " )&$$0$ " #$2&-E0$ " # " .#23$:#$8"
)&$$&$ " ,0-&'#$ " # " )&'50$ " Y " " N " $#'30 " A'#23$&8 " )0 " 05B3(9& " .#"
2&)$*3*43' " 450 " 236)230 " .& " .3'#3*& " # " 450 " *#&'30 " A4'0 " .& " .3'#3*&8"
2&)$3.#'0' " 2&5& " =4'3.3205#)*# " 0'B3*'+'3& " *4.& " & " ?4# " $H " A&.# " $#'"
=4$*3%320.&"A&'"5#3&".#"$#5#-E0)*#"0'745#)*0(9&"Y

b0'0 " 2&)$*3*43' " 450 " 236)230 " .& " .3'#3*&8 " *0- " ?40- " #-0 " G8 " #"
)9& " *0- " ?40- " .#,#'30 " $#'8 " G " )#2#$$+'3&8 " A0'#2#<5#8 " '#)4)230' " 0&"
A&$3*3,3$5& " =4'>.32&8 " .0 " 50)#3'0 " 2&)2#B3.0 " A&' " 1#-$#)8 " A0'0"
2&)$07'0'<$# " 0 " 450 " 0)+-3$# " .#*0-E0.0 " .& " .3'#3*& " A&$3*3,&8 " .0"
50)#3'0 " 2&5& " $# " 50)3%#$*0 " #%#*3,05#)*# " )0 " ,3.0 " 3).3,3.40- " #"
$&230-8 "#"503$ "A0'*324-0'5#)*#")0$"2W'*#$ "#"*'3B4)03$J" "]"#$*0"?4#"
'#,#-08".#"%0*&8"?4#"&".40-3$5&"Z#-$#)30)&")9&"2&''#$A&).#")#5"M"
5#*&.&-&730"=4'>.3208")#5"M"A'+*320"=4.323+'30J

R&*#5&$8 " A0'0 " 2&5#(0'8 " ?4# " 45 " $3$*#50 " .# " .3'#3*& " )9&"
$# " 0A'#$#)*0 " .# " 450 " 50)#3'0 " *9& " %&'50- " # " 35A#$$&0- " 2&5& " 45"
$3$*#50 " 0;3&5+*32&8 " -H732& " &4 " 50*#5+*32&J " " N$*0).& " 2&)$*3*43.&"
45 " $3$*#50 " %&'50-8 " $40$ " A'&A'3#.0.#$ " A&.#5 " $#' " 3),#$*370.0$"
0*'0,G$ " .# " 45 " #$*4.& " &B=#*3,&8 " 3)*#3'05#)*# " 3).#A#).#)*# " .0"
,&)*0.#".&"-H732&"&4".&"50*#5+*32&J""d4#'"$#"*'0*#".#"A'&,0'"?4#"
&"$3$*#50"G"2&#'#)*#8"3J#J8"?4#")#-#")9&"A&.#5&$".#5&)$*'0'"450"
A'&A&$3(9& "#"$40")#70(9&8"&4".#"A'&,0'"?4#"#-# "G"2&5A-#*&8 "3J#J8"
?4#")#-#"A&.#5&$".#5&)$*'0'"?40-?4#'"A'&A&$3(9&"B#5"%&'54-0.0"
&4" $40 " )#70(9&8 " 0$ " A'&A'3#.0.#$ " .& " $3$*#50 " .#A#).#5 " $&5#)*#"
.0 " $40 " A'HA'30 " #$*'4*4'0J " " X0$ " )9& " G " 0$$35 " #5 " .3'#3*&J " " R&$"
$3$*#50$ " =4'>.32&$ " 5&.#')&$8 " & " =43@ " G " &B'370.&8 " $&B " A#)0 " .#"
$0)(:#$ " A#)03$8 " 0 " =4-70' " # " 5&*3,0' " $40$ " .#23$:#$J " " N%#*3,05#)*#8"
Q!" # $%&" # '%( # )"*%+"), # -" # $%&"). # +/%+ # 0)12"32" # -% # +(!"45". # -" #
!6/7+5%)(21. # /% # -" # !6(4+%**(+,45" # -" # !, # !/(. # 0/%)), # 82)" # 0/%)+%(9(#
5/::" # 5/%0,7!" # -" # -14( # -" # $%+2(5"Q " " CfH.37& " R0A&-#9&8 " 0'*37&"
e

g&JFJ " " N-# " .#,# " .3@#' " & " .3'#3*& " #5 " *&.&$ " &$ " 20$&$ " .# " $40"
2&5A#*6)230J " " b&'*0)*&8 " #-# " #$*+ " &B'370.& " 0 " =4-70' " # " 0'745#)*0'"
2&5&"$#"&"$3$*#50".#".3'#3*&"?4#"0A-320"#$*3,#$$#"-3,'#".#"-024)0$"
# " )9&" 2&5A&'*0$$# " 0)*3)&530$J " " b0'0" #,3*0' " &" Q-14(# -"# $%+2(5"Q8 " &"
=43@ " .#,# " &B'370*&'305#)*# " 2&)$3.#'0' " 0A0'#)*#$ " 0$ " -024)0$ " # " 0$"
0)*3)&530$8 " 03).0 " ?4# " )9&" '#$4-*# " .& " $3$*#508 " .# " 450 " %&'50 " )9&"
05B>7408 " 0 " 50)#3'0 " 2&5& " #-# " .#,# " A'&2#.#' " A0'0 " 0*3)73' " &"
'#$4*0.&8"3$*&"G8"0".#23$9&"%4).05#)*0.0"?4#"$#"#$A#'0".#-#J" "O#"
$# " A'#$45# " & " $3$*#50 " .# " .3'#3*& " 3$#)*& " .# " -024)0$ " # " 0)*3)&530$8"
3$*&"$#".#,#"0&"A&.#'".#".#23$9&"2&)%#'3.&"0&"=43@J

" " "X0$ " #$$# " A&.#'8 " ?4# " )9& " G " -353*0.& " A&' " 45 " ?40.'&"
-#70- " 2-0'05#)*# " .#%3)3.& " .# " 450 " ,#@ " A&' " *&.0$ " << " =+ " ?4# " &$"
*#'5&$ " .# " 450 " -#38 " 2-0'&$ " # " 3$#)*&$ " .# " 05B37L3.0.# " #5 " 2#'*&$"
20$&$ " .# " 0A-320(9&8 " A&.#5 " .#3;0' " .# " $6<-& " #5 " &4*'&$ " << " )9& " G"
*05A&42&" 45" A&.#' " 0'B3*'+'3& " ?4#" & " =43@ " A&.# " 4$0' " 0" $#4" *0-0)*#U"
#-# " $#" #)2&)*'08"#%#*3,05#)*#8" )0"&B'370(9& " .#" %4).05#)*0'"$40$"
.#23$:#$J " " K$ " .#23$:#$8 " $40$ " 5&*3,0(:#$8 " 2&)*'3B4#5 " )0"
#-0B&'0(9&".0"&'.#5"=4'>.3208"450",#@"?4#"%&')#2#5"A'#2#.#)*#$"
A0'0 " .#23$:#$ " %4*4'0$J " " ! " $3$*#50 " =4'>.32& " $# " 2&)$*3*438 " )0"
,#'.0.#8 " A'&7'#$$3,05#)*#8 " A&3$ " &$ " A'#2#.#)*#$ " A&$$3B3-3*05 " 0"
0A-320(9& " .0 " '#7'0 " .# " =4$*3(08 " ?4# " #;37# " ?4# " $# " *'0*# " .0 " 5#$50"
50)#3'0 " $3*40(:#$ " #$$#)230-5#)*# " $#5#-E0)*#$J " " ] " B#5 " ,#'.0.#"
?4#" #$*0 " '#7'0 " )9&" G " )#5" 4)>,&20 " )#5" 2&)$*'3)7#)*#8 " A&3$ " & " =43@"
#$*+ " 04*&'3@0.& " 0 " 5&$*'0' " ?4# " 0 " )&,0 " $3*40(9& " )9& " G"
#$$#)230-5#)*# " $#5#-E0)*#" 0& " A'#2#.#)*#h " " 50$ " )9&" G " $4%323#)*#"
0A#)0$ " A'#*#).6<-&8 " G " A'#23$& " =4$*3%320' " *0- " A&)*& " .# " ,3$*0J " " ] " A&'"

!" " #$ " %&'( " )&* " +* " ,*-&+., " . " %&/0.,1 " +23" 2" 4,*5*652 " 72" +'/89-'21 " 7. " 23+-&,'7.7*1"
2&"7."'9+&:'-'89-'."7."/*'1"427*,;"+*,"4,2-*++.72"-2<2"-&/4.72"7*"7*9*0.=>2"7*"%&+5'=.#?
"
204$0".&"A0A#-"3)#7+,#-".&"A'#2#.#)*#"#".0"'#7'0".#"=4$*3(0"?4#"0"
=4'3$A'4.6)230"%&')#2#"50*#'30- "M".&4*'3)0h" "#$*0"#)?40.'0'+")450"
#$*'4*4'0 " 2&)2#3*40- " 0$ " .#23$:#$ " =4.323+'30$ " ?4# " =4$*3%3205 " 0"
2&)$*'4(:#$ " *#H'320$8 " %&')#2#).&8 " A&' " $40 " ,#@8 " 0'745#)*&$ " ?4#"
5&*3,0'9&".#23$:#$"%4*4'0$J"R9&"$#"A&.#".0'"2&)*0".0",3.0"'#0-".&"
.3'#3*& " $#5 " '#2&)E#2#' " #$*0 " 3)*#'0(9& " .0 " =4'3$A'4.6)230 " # " .0"
.&4*'3)08 " #5 " ?4# " & " 2&)E#235#)*& " # " 0 " ,&)*0.# " 2&-0B&'05"
3)*3505#)*# " A0'0 " $0*3$%0@#'8 " 0 " 45 " $H " *#5A&8 " )0 " 5#.3.0 " .&"
A&$$>,#-8")&$$0$")#2#$$3.0.#$".#"$#74'0)(0"#".#"#?L3.0.#J

K.53*3).& " ?4# " & " =43@ " A&$$43 " 45 " A&.#' " .# " .#23$9&8 " *9&"
503&'"?40)*&"503$",07&$"%&'#5"&$"*#'5&$".0"-#38"$#'30")&'50-"?4#"
#-#"$#"$#',3$$#".&".3'#3*&"2&)$3.#'0).&"&"?4#"#-#"G"'#0-5#)*#U""45"
5#3& " A0'0 " 0 " '#0-3@0(9& " .# " 2#'*&$ " %3)$ " A&->*32&$ " # " $&2303$J " " O# " $#"
2&)2#.#"0&"=43@"45"A&.#'".#"3)*#'A'#*0(9&" "?4#"0"fW'*#"O4A'#50"
.& " A0>$ " A&.# " -353*0' " #5 " 0-7450$ " 50*G'30$ " << " 2&5& " #5 " .3'#3*&"
A#)0-8"A&'"#;#5A-&"<<"G".#-08")&"%35".0$"2&)*0$8".0"50)#3'0"2&5&"
#-0 " 2&5A'##).# " $#4 " A0A#- " )& " $3$*#50 " =4'>.32&8 " ?4# " .#A#).# " 0"
#;*#)$9& " .#$*# " A&.#'J " " ] " 3)#7+,#- " ?4#8 " #5 " 2#)*& " # " 23)?L#)*0"
0)&$8 " 0 " 2&)2#A(9& " .#$*# " A0A#-8 " )0 " iG-7320 " # " )0 " V'0)(08 " #,&-434"
#)&'5#5#)*#8"#"?4#"0$"fW'*#$".#"f0$$0(9&"*&50'05"2&5"&"*#;*&"
.&" fH.37& "R0A&-#9& "-3B#'.0.#$ "3)35073)+,#3$ " )&" 3)>23& ".&" $G24-&"
jkjJ " c0 " 5#$50 " %&'50 " ?4# " 0 " 3)0A-320(9& " 2&)$*0)*# " .# " 2#'*&$"
*#;*&$"&$"%0@"203'"#5".#$4$&8"0"0A-320(9&"'#74-0'".#"2#'*0$"*#&'30$"
A&.#"5&.3%320'"*&*0-5#)*#"&"$#)*3.&"#"0"#;*#)$9&".#"*#;*&$"-#703$8"
)#-#$ " 3)*'&.4@3).& " .3$A&$3(:#$ " #$*'0)E0$ " M " -#3J " " ] " A'#23$& " )#70'"
?4#8 " )#$$#$ " 20$&$8 " *'0*0<$# " .# " .3'#3*& " A&$3*3,& " Y " " O#'30 " &AW' " 0&"
.3'3#*& " '#0- " # " #%#*3,05#)*# " 0A-320.& " 450" 2&)2#A(9& " .& " .3'#3*& " *0-"
?40- " #-# " .#,#'30 " $#'J " " X0$ " ?4# " 236)230$ " &4 " *#&'30$ " A&.#5"
A'#,0-#2#' " 2&)*'0 " &$ " %0*&$8 " 5#$5& " $# " &$ " %0*&$ " )&$ " 5&$*'058"
2&)*'0'305#)*#"M"*#&'308"450"3)*#'0(9&"2&)$*0)*#".&")&'50.&"#".&"
)&'50*3,& " Y " " ] " 3740-5#)*# " 45 " %0*&8 " 2&)*'0'30).& " 0$ " *#$#$"
A&$3*3,3$*0$8"?4#")0$".#23$:#$ "=4.323+'30$ "$9&"3)*'&.4@3.0$")&(:#$"
A'&,#)3#)*#$ ".0"5&'0-h " "0-7450$ "%&'05 "%4).0.0$8")&"A0$$0.&8")&"
.3'#3*& " )0*4'0-h " " )H$ " 0$ " 2&)$3.#'05&$ " E&=#8 " 503$ " 5&.#$*05#)*#8"
2&5& " 2&)%&'5#$ " 0&$ " A'3)2>A3&$ " 7#'03$ " .& " .3'#3*&J " " K " A0'*3' " .#"
0-74)$ " '0'&$ " *#;*&$ " .& " 2H.37& " 23,3-8 " 3)*#'A'#*0.&$ " 0.#503$ " .#"
#)2&)*'& " 2&5 " $#4 " $#)*3.& " -3*#'0-8 " & " .3'#3*& " 3)*#')023&)0- " A'3,0.&"
2&)$*'434"45"#.3%>23&"?4#"$#"35A:#"M"$&-4(9&".&$"2&)%-3*&$".#"-#3$8"
&).# " 0 " )&(9& " .# " &'.#5 " AIB-320 " 3)*#')023&)0- " %&3 " #-0B&'0.0"
-#,0).& " #5 " 2&)*0 " 2&)$3.#'0(:#$ " .# " &'.#5 " 5&'0- " # " A&->*320J"
b&.#<$# " )#70' " ?4# " #$*0 " )&(9& " %0(0 " A0'*# " .& " .3'#3*& " A&$3*3,&8"
2&)$3.#'0).&<$#<0"A#'*3)#)*#"0A#)0$"M"A&->*320"=4'>.320"Y

K " *#&'30 " A4'0 " .& " .3'#3*& " $# " #)2&)*'0 " 2&)%'&)*0.0 " 2&5"
.3%324-.0.#$ " #5 " 2&)$#?L6)230 " .0 " &A&$3(9& " 3)#7+,#- " ?4# " #;3$*#"
#)*'# " 0 " 3.G30 " .# " 45 " $3$*#50 " .# " .3'#3*& " 3.#)*3%320.& " 2&5 " 0"
$&B#'0)30 " .& " N$*0.& " << " ?4# " 2&)$3.#'0 " 450 " )&'50 " #$*0*0- " 0 " -#3"
%4).05#)*0- " << " # " 0$ " #;376)230$ " .# " 2&)$*'4(9& " .# " 45 " .3'#3*&"
AIB-32&"3)*#')023&)0-"<<"#5"?4#"0"-#3"%4).05#)*0-"$#'30"450")&'50"
.#"20'+*#'"$4A'0<#$*0*0-J " "K$".40$"2&)$*'4(:#$"$#'305 "3740-5#)*#"
0'B3*'+'30$8 " &4 " E0,#'305 " '0@:#$8 " .#2&''#)*#$ " .0 " 0'745#)*0(9&"
A0'0 " .0' " A'#%#'6)230 " 0 " 450 " 2&)2#A(9& " )023&)0- " &4 " 3)*#')023&)0-"
.0"-#3"%4).05#)*0-"Y""f0.0"*#H'32&".&".3'#3*&".#,#"*&50'"A&$3(9&"0"
#$$#"'#A#3*&8"$#")9&"$#"2&)*#)*0'"#5".#$#),&-,#'"E3AH*#$#$"$&B'#"
$3$*#50$ " =4'>.32&$ " A&$$>,#3$8 " 50$ " .#$#=0' " .#$2'#,#' " 45 " $3$*#50"
.# " .3'#3*& " *0- " ?40- " #-# " %4)23&)0 " #%#*3,05#)*#J " " O# " $# " A&.#8"
'#*&50).&"450"2&5A0'0(9&".&"A'HA'3&"1#-$#)8"2&)%'&)*0'"&$".&3$"
A&)*&$ " .# " ,3$*0 " &A&$*&$ " .&$ " $3$*#50$ " 7#&26)*'32& " .# " b*&-&5#4 " #"
E#-3&26)*'32& " .# " f&AG')32&8 " ?40- " & " 0$*'W)&5& " ?4# " )9& " %#@ " $40"
&A(9&8"A&'"'0@:#$"?4#"=4-7&4"$4%323#)*#5#)*#",+-3.0$"Y""N"A&'"?4#"
A'&3B3'"#5".3'#3*&"&"?4#"A0'#2#4")&'50-"#5"0$*'&)&5308"03).0"?4#"
0 " 3.#&-&730 " $# " *#)E0 " 353$24>.& " )0 " 50*G'308 " 2&5& " )& " 20$& " .#"
l0-3-#4"Y

O#"450"236)230".&".3'#3*&"A'#$$4A:#"*&50.0$".#"A&$3(9&8"
#-0$ " )9& " $#'9& " 2&)$3.#'0.0$ " 3''023&)03$ " ?40).& " A&.#5 " $#'"
=4$*3%320.0$ " .# " 450 " %&'50 " '0@&+,#-8 " 7'0(0$ " 0 " 450 " 0'745#)*0(9&"
.# " ?4# " $# " '#2&)E#(0 " 0 " %&'(0 " # " 0 " A#'*3)6)230J " " ] " ,#'.0.# " ?4# " 0$"
2&)2-4$:#$ " .# " *0- " 0'745#)*0(9& " )9& " $9& " )4)20" #,3.#)*#$8 " # " ?4#"
#-0$")9&"A&.#58"2&5&"0"#,3.6)2308"2&)$*'0)7#'"0",&)*0.#".#"*&.&"
$#' " '023&)0-J " " N-0$ " $H " A&.#5 " 3)2-3)+<-0 " )0 " .3'#(9& " .0 " .#23$9&"
5#-E&' " =4$*3%320.08 " 0?4#-0 " ?4# " $# " 0AH30 " )0 " 0'745#)*0(9& " 503$"
2&),3)2#)*#8 " 03).0 " ?4# " )9& " $# " A&$$0 " 0%3'50' " ?4# " #-0 " #;2-43 " *&.0"
A&$$3B3-3.0.#".#"#$2&-E0J""]"A&'"3$$&"?4#"0"0'745#)*0(9&"0A#-0"M"
-3B#'.0.# " #$A3'3*40-8 " #5B&'0 " $#4 " #;#'2>23& " )9& " $#=0 " 0'B3*'+'3&J"
l'0(0$ " 0 " #-08 " A&.#5&$ " 2&)2#B#' " 45 " 4$& " '023&)0- " .0 " -3B#'.0.#8"
3.#0- " ?4#" 0 " '0@9&" A'+*320 " $#" A'&A:# " #5 " 5&'0- " # " #5 " A&->*3208 " 50$"
*05BG5"#5".3'#3*&J

mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm

S#;*& " *'0.4@3.& " .& " &'373)0- " %'0)26$ " A&' " D320'.& " DJ"
K-5#3.08 " )& " T5B3*& " .0 " -3)E0 " .# " A#$?43$0 " .# " '#*H'320 " # " *#&'30 " .0"
0'745#)*0(9& " .& " bNS<nPD " .0 " bPf<Dn8 " )& " $#74).& " $#5#$*'#"
-#*3,&".#"_``aJ

b4B-320.& " #5 " bNDN^XKR8 " fE0o5J " ";)/(2. # :/),!" # "2#
0<(!/+/0<("##8 " b0'3$8 " ^3B'03'3# " lG)G'0-# " .# " c'&3* " #* " n4'3$A'4.#)2#8"
_`pqJ " " K)*#'3&'5#)*# " A4B-320.& " #5 "=,>. # ?2,2". # ,4- # @42")4,2(/4,!#
="&,! # A)-")B # # C++,D+ # (4# E/4/) # /* # E,4+ # F"!+"4##8 " SE#" P)3,#'$3*r " &%"
S#))#$$##"b'#$$8"1)&;,3--#8"_`pgJ