magistrsko delo - cerkovnik, rozman · magistrsko delo - cerkovnik, rozman ... a!!
TRANSCRIPT
!
!
!"#$%&'()"()*&#+,&-.%+)
*%/(0,1.()2(.!34%4()
)
)
)
)
)
)
+(0#-4&-.,)/%3,)
("()5%&.,$"#.)
+(&!1()&,'+(")
)
)
)
)
)
)
)
.,*%&)6789
!
!
)
!"#$%&'()"()*&#+,&-.%+)
*%/(0,1.()2(.!34%4()
+:;<=>?=@<)A>BC<D=@<)E?F;?:G)C?B;H)=>FEIDH)
#I@JBK<LI:)EHC:;F;<@:)
)
)
)
)
+:;<=>?=@F)CHJF)
M!-4$%",N$%/%"O-.%)4%P($%Q+,4"O%)*&%/1,3-.#R),4&,.)
(I:)5H?@FLI<@)<I)+:?BA:)&FKG:I)
!
)
)
.FEH?)6789)
)
)
+HI>F?S)
E?FTU)C?U)+<>D:).?:DIV:I) )
!
!
'(R$(3()
"#!$%&'(')*'!+','-.!+'/+'&'.!*#$)0%0!1*!2$,0&3#*30!+&1!14/05#)1!,#61$%&$(06#!/05#!
$0!4#7)#53230)#!,0*%'&32!+&'89!/&9!:1%31!;*-#*29!
<'$0=*'!4#7)#5'!*#,0*3#)#!$)'31,#!+#&%*0&30,#.!(1!$%#!*#,#!=15#!)0$!-#$!)!)051('!
+'/+'&'.!*#32!$+'/=23#5#!%#('!+&1!>%2/132!('%!+&1!+1$#*32!,#61$%&$(06#!/05#9!
"#7)#53230)#!$0!('5061?1!@#*31!A&-253!4#!+','-!+&1!)$(')#5*0,!/0529!
B#4#/*30! $0! 4#7)#53230)#! %2/1! &#)*#%0531?1! ;&#*3$(17! )&%?0)! 6'$+0! C01! D'51*#&! 1*!
&#)*#%0532! )&%?#! +&1! E$*')*1! >'51! <&0//)'&! 6'$+'/2! F'6/#*2! G2>*1(2.! (0&! $%#! *#,#!
','6'-15#!'+&#)53#*30!)$(#)0!)!*317')0,!)&%?2.!%0&!)$0,!)46'31%0531?#,!1*!$%#&>0,.!(1!
$'!$'/05')#51!)!)$(#)19!
! !
!
!
"
)
)
)
)
)
)
#'O($(),)($4,&-4$!)
!
)
<'/+1$#*1!H*#!I0&(')*1(!1*!:#&2>#!J'4,#*.!>%2/0*%(1!,#61$%&$(06#!>%2/13$(06#!
+&'6&#,#!/&260!$%'+*30!K*(5241)*#!+0/#6'61(#.!
!
<KD:LJD:L:W)
!
!
/#!30!,#61$%&$('!/05'!4!*#$5')',!L2$%)0*'M)0/0*3$(0!%0N#)0O,'%*30!+&0/>'5$(17!'%&'(P!
M! &0425%#%!5#$%*06#!)$(')#5*06#!/05#.!
M! /#!$'!&0425%#%1!('&0(%*'!*#)0/0*1!1*!
M! /#!*1$)#!(&>151!+&#)1?!1*%050(%2#5*0!5#$%*1*0!/&26179!
!
<'/+1$P!
QQQQQQQQQQQQQQQQQQQQQQ!
QQQQQQQQQQQQQQQQQQQQQQ!
!
@!;'+&2.!/*0!QQQQQQQQQQQQQQQ) !
!
!
*,$'%4%.)
R0!)!46'/*30,!'=/'=32!'%&'>%)#!$0!+&1!'%&'?17!5#7('!)1303'!-2$%)0*'M)0/0*3$(0!
%0N#)0O,'%*309!<&1!%0,!30!+',0,=*'.!/#!1,#3'!'=!$0=1!'/&#$50.!(1!317!+&1!+&0,#6')#*32!
50M%07!$+'/=23#3'!1*!)'/13'!)!+&#)'!$,0&9!C1!'/&#$51!$'!)!'%&'(')0,!+&0/>'5$(0,!'=/'=32!
+&0/)$0,! $%#&>1! 1*! )46'31%0531! +&0/>'5$(17! '%&'(.! (1!,''!,0/! $0='3! %2/1! $'/05')#%19!
<',0,=*'!30!46'/*30!'/(&1)#*30!14$%'+#3'-06#!)0/0*3#.!(1!*1!+'/'=*'!'=1-#3*0,2.!$#3!
*#!%#!*#-1*!5#7('!*0N050*'!)0/0*30!$+&0,0*1,'!%0&!*2/1,'!'%&'(2!2$%&04*'!+','-!1*!
+'/+'&'.!/#!%'!*0N050*'!)0/0*30!*0!+&0&#$%0!)!723>0!%0N#)0O,'%*309!!
:#61$%&$('!/05'!30!/0530*'!*#!%0'&0%1-*1!1*!0,+1&1-*1!/059!!
@!%0'&0%1-*0,!/052!$0!=','!'$&0/'%'-151!*#!+',0,=*'$%!+&0/>'5$(06#!'=/'=3#!)!
+')04#)1! 4! *#$%#*(',! -2$%)0*'M)0/0*3$(17! %0N#)O,'%0*3! '%&'(#9! E=&#)*#)#51! =','!
'%&'(')! )'3!)!+&0/>'5$(0,!'=/'=32.!$,0&*1?0.!(1!'+&0/0532303'!-2$%)0*'M)0/0*3$(0!
%0N#)0O,'%*30.! %0&! '+&0/05151! -2$%)0*'M)0/0*3$(0! %0N#)0O,'%*309! <'4'&*'$%! =','!
*#,0*151!+&0/)$0,!/03#)*1(',!4#!*317')!*#$%#*0(!1*!4*#(',.!(1!317!'%&'(!$!-2$%)0*'M
)0/0*3$(1,1! %0N#)#,1O,'%*3#,1!(#N09!E$&0/'%'-151!$0!=','!*#!)5'6'!/&2N1*0.!)&%?#! 1*!
$'/05')#*30!4!/&261,1!+',0,=*1,1!1*$%1%2?13#,1!+&1!/052!4!'%&'(',!$!-2$%)0*'M)0/0*3$('!
%0N#)'O,'%*3'9!!
@! 0,+1&1-*0,! /052! =','! $! +','-3'!,0&$(06#! 1*$%&2,0*%#! '41&',#! )+&#>#5*1(#!
4=13.! #*#51413! %0&! 1*%0&+&0%13! -2$%)0*'M)0/0*3$(0! %0N#)0O,'%*30! '%&'(! *#!
*0$52-#3*'$%*0,.!*#,0*$(0,!)4'&?2!STU!$%#&>0)!1*!VU!)46'31%0530)!)!0*'%#7!;&#*3$(17!
)&%?0)! )! '=-1*1! ;&#*3! %0&! )! )&%?2! +&1! E$*')*1! >'51! <&0//)'&9! W6'%#)53#51! =','.! #51! $0!
-2$%)0*'M)0/0*3$(0! %0N#)0O,'%*30! )! +&0/>'5$(0,! '=/'=32! +'6'$%030! +'3#)53#3'! +&1!
/0-(17! #51! +&1! /0(51?#7! %0&! $! (#(>*1,1! $0! $''-#3'! $%#&>1! 1*! )46'31%0531! '%&'(! )! )&%?29!
W6'%#)53#51! =','.! (#('! $%#&>1! &#)*#3'! )! +&1,0&2! -2$%)0*'M)0/0*3$(17! %0N#)O,'%0*3!
$)'306#!'%&'(#.!#51!1>-03'!+','-!%0&!$0!+')042303'!$!$%&'(')*1,!'$0=30,9!X(&#%1!*#$!='!
4#*1,#5'.!#51!)46'31%0531!'=!'%&'(')0,!*0+&1,0&*0,!)0/0*32!$'/052303'!$!$%#&>1!1*!/&261,1!
$%&'(')*3#(1!%0&!-0!=050N13'!'%&'(')'!*0+&1,0&*'!)0/0*309!!
.JDBVIH) XH=HCHS! -2$%)0*'M)0/0*3$(0! %0N#)0O,'%*30.! +&0/>'5$('! '=/'=30.!
)46'31%0531.!$%#&>1.!'%&'(.!1*(52413#9!
! !
!
!
(Y-4&(54)
A,'%1'*#5!#*/!=07#)1'!+&'=50,$O/1$'&/0&$!'8!+&0$?7''5!?715/&0*!
!
A,'%1'*#5!#*/!=07#)1'!+&'=50,$O/1$'&/0&$!?#*!/0)05'+! 1*!?715/&0*!#%!#*!0#&5Y!
#609! K%! 1$! 1,+'&%#*%! %7#%! ?715/&0*! 7#)0! #%! %701&! $1/0! #/25%$! Z7'! 0*?'2<! %70,! 1*!
')0&?',1*6! %70$0! +&'=50,$! #*/! 621/0! %70,! 1*! %70! &167%! /1&0?%1'*9! D2&1*6! %70! ?715/[$!
+&0$?7''5!+0&1'/!%70$0!#/25%$!#&0!+&1,#&15Y!+#&0*%$!#*/!+&0$?7''5!%0#?70&$!Z7'!*00/!%'!
?''+0&#%0!Z1%7!0#?7!'%70&9!K%!1$!1,+'&%#*%!%7#%!=07#)1'&!Z71?7!$%#*/$!'2%!#*/!1$!2*51(0!
*'&,#5!=07#)1'&!1$!/0%0?%0/!0#&5Y!$1*?0!1*!%71$!Z#Y!Z0!?#*!?7#*60!2*Z#*%0/!=07#)1'&!
#*/! +&')1/0! %70! ?715/! Z1%7! #++&'+&1#%0! 705+! #*/! $2++'&%! %'! +&0)0*%! %71$! 2*Z#*%0/!
=07#)1'&!8&',!=0?',1*6!#!$0&1'2$!+&'=50,O/1$'&/0&9!!
C70!,#$%0&[$!%70$1$!1$!/1)1/0/!1*%'!#!%70'&0%1?#5!+#&%!#*/!#*!0,+1&1?#5!+#&%9!!
K*! %70!%70'&0%1?#5!+#&%.!Z0!Z155! 8'?2$!'*!%70! 1,+'&%#*?0!'8! %70!+&0$?7''5!+0&1'/! 1*!
?'**0?%1'*! Z1%7! %70! 0,0&60*?0! '8! 0,'%1'*#5! #*/! =07#)1'! +&'=50,$O/1$'&/0&$! '8!
?715/&0*9! \0! Z155! /1$?2$$! ?715/&0*[$! /0)05'+,0*%! #%! %70! +&0$?7''5! #60.! 621/051*0$!
/081*1*6! 0,'%1'*#5! #*/! =07#)1'! +&'=50,$O/1$'&/0&$.! #*/! 1/0*%18Y! 0,'%1'*#5! #*/!
=07#)1'! +&'=50,$O/1$'&/0&$9!\0! Z155! +#Y! +#&%1?25#&! #%%0*%1'*! %'! %70! 8#?%'&$! 8'&! %70!
0,0&60*?0!'8!%70$0!+&'=50,$!#*/!%70!$16*$!%7#%!?715/&0*!Z1%7!0,'%1'*#5!#*/!=07#)1'!
+&'=50,$O/1$'&/0&$!/1$+5#Y9!\0!Z155!8'?2$!'*!%70!&'50!'8!%70!8#,15Y.!%70!(1*/0&6#&%0*!#*/!
?''+0&#%1'*!Z1%7!'%70&!1,+'&%#*%!1*$%1%2%1'*$!1*!/0#51*6!Z1%7!?715/&0*!Z1%7!0,'%1'*#5!#*/!
=07#)1'!+&'=50,$O/1$'&/0&$9!!
K*!%70!0,+1&1?#5!+#&%.!Z0!Z155!?'550?%.!#*#5Y40!#*/!1*%0&+&0%!0,'%1'*#5!#*/!=07#)1'!
+&'=50,$O/1$'&/0&$!'8! ?715/&0*!2$1*6!#!,0#$2&1*6! 1*$%&2,0*%!'&!#!]20$%1'**#1&0!'*!#!
*'*M&#*/',.!+2&+'$1)0!$#,+50!'8!STU!+#&0*%$!#*/!VU!%0#?70&$!1*!%70!2*1%$!'8!;&#*3$(1!
)&%?1!(1*/0&6#&%0*$!1*!%70!,2*1?1+#51%Y!'8!;&#*3!#*/!1*!%70!(1*/0&6#&%0*!'8!%70!<&0//)'&!
<&1,#&Y!G?7''59!\0!Z155!81*/!'2%!Z70%70&!0,'%1'*#5!#*/!=07#)1'!+&'=50,$O/1$'&/0&$!
1*!%70!+&0$?7''5!+0&1'/!#&0!,'&0!?',,'*!1*!='Y$!'&!61&5$.!#*/!Z7#%!(1*/!'8!0,'%1'*#5!
#*/!=07#)1'!+&'=50,$O/1$'&/0&$!+#&0*%$!#*/!%0#?70&$! 1*!(1*/0&6#&%0*!8#?09!\0!Z155!
81*/!'2%!7'Z!+#&0*%$!#?%!1*!?#$0!'8!0,'%1'*#5!#*/!=07#)1'!+&'=50,$O/1$'&/0&$!'8!%701&!
?715/.!Z70%70&!%70Y!$00(!705+!#*/!?'**0?%!Z1%7!+&'80$$1'*#5!$%#889!H%!%70!$#,0!%1,0.!Z0!
Z155!=0!1*%0&0$%0/!1*!Z70%70&!%70!%0#?70&$!?''+0&#%0!Z1%7!%70!?715/[$!+#&0*%$!#*/!'%70&!
0^+0&%$! Z70*! %70! ?715/! =07#)0$! 1*#++&'+&1#%05Y.! #*/! 18! %70Y! &0?'&/! %70! ?715/[$!
1*#++&'+&1#%0!=07#)1'&9!!
!
!
.HZ[F?C=S! 0,'%1'*#5! #*/! =07#)1'! +&'=50,$O/1$'&/0&$.! +&0$?7''5! +0&1'/.!
%0#?70&$.!+#&0*%$.!?715/.!1*?52$1'*9!
) )
!
!
.('(3,)$-%Y#"%)
S! W@ED!9999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999!S!
_! CAEJACKLBK!DA`!999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999!a!
_9S! J#4)'3!'%&'(#!)!+&0/>'5$(0,!'=/'=32!!99999999999999999999999999999999999999999999999999999999999!a!
!"#"#! $%&'()*+,-./(01,0'-02.,,"""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""",3!
!"#"!! 405+.6*+,-./(01,0'-02.,,""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""",7!
!"#"8! 90:*+'+(*+,-./(01,0'-02.,,"""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""",;!
!"#"3! 4.<0=0>0?.,0'-02.,&,@%&'()*0A()>)*1&2+<+,')B.(.<+C<0'*1.<+,,""""""""""",D!
_9_! "#('*$(#!+'/5#6#!!9999999999999999999999999999999999999999999999999999999999999999999999999999999999999999SU!
_9b! E+&0/051%0)!+'3,#!-2$%)0*'M)0/0*3$(17!%0N#)O,'%0*3!!9999999999999999999999999999999999SS!
!"8"#! 9.1,&0,@%&'(.E,,"""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""#8!
!"8"!! 9.1,1),()>)*1)E,,"""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""#3!
_9a! D03#)*1(1!4#!*#$%#*0(!-2$%)0*'M)0/0*3$(17!%0N#)O,'%0*3!!9999999999999999999999999999Sc!
_9T! "*#(1!-2$%)0*'M)0/0*3$(17!%0N#)O,'%0*3!+&1!+&0/>'5$(0,!'%&'(2!!99999999999999999_S!
_9d! B#5'6#!)&%?#!+&1!'%&'(2!$!-2$%)0*'M)0/0*3$(1,1!%0N#)#,1O,'%*3#,1!!9999999999999_b!
!"F"#! G+<&20,>)60,(,(/:01*0A(.-&'()*+,+*&'+'%5+1+,(,=0<0@,0'-02%,&,@%&'()*0A
()>)*1&2+<+,')B.(.<+C<0'*1.<+,,"""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""!8!
!"F"!! H-+6.:0>+'(),@.&.I,=-0&'0-.,+*,+/(.1.*1.,>)1.(*0&'+,,"""""""""""""""""""""""""""""""""!F!
_9c! @5'6#!/&2N1*0!+&1!'%&'(2!$!-2$%)0*'M)0/0*3$(1,1!%0N#)#,1O,'%*3#,1!!999999999999_d!
b! A:<KJKLBK!DA`!999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999bS!
b9S! <&'=50,.!*#,0*!1*!?1531!)$(#)0!!99999999999999999999999999999999999999999999999999999999999999999bS!
b9_! J#41$(')#5*0!71+'%040!9999999999999999999999999999999999999999999999999999999999999999999999999999999999b_!
8"!"#! J+=0')/),K,(/:01+')61+,,"""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""8!!
8"!"!! J+=0')/),K,&'.-L+,,"""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""8!!
b9b! :0%'/'5'613#!99999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999b_!
8"8"#! M=+&,-./+&20(.6*),<)'0>),,"""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""8!!
8"8"!! M=+&,-./+&20(.6*):.,(/0-5.,,""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""88!
8"8"8! H-+=0<0@2+,,""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""8F!
8"8"3! H0&'0=)2,/?+-.*1.,=0>.'20(,,""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""8;!
!
!
8"8"7! H0&'0=)2,0?>)6.(),=0>.'20(,,""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""8;!
b9a! J0425%#%1!1*!+&#)#!)$(#)0!9999999999999999999999999999999999999999999999999999999999999999999999bV!
8"3"#! N)/%6'.'+,+*,-./=-.(.,-./+&2.(),(/:01+')61)(,,"""""""""""""""""""""""""""""""""""""""""""8O!
8"3"!! N)/%6'.'+,+*,-./=-.(.,-./+&2.(),&'.-L)(,,"""""""""""""""""""""""""""""""""""""""""""""""""3D!
b9T! <&0)0&3#*30!71+'%04!999999999999999999999999999999999999999999999999999999999999999999999999999999999999999Tc!
8"7"#! H-)()-1.*1),P+=0')/,(/:01+')61)(,,"""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""7;!
8"7"!! H-)()-1.*1),P+=0')/,&'.-L)(,,"""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""F!!
a! G;`A<BA!WeECE@KC@A!!99999999999999999999999999999999999999999999999999999999999999999999999999999999999dV!
T! `KCAJHCWJH!KB!@KJK!999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999c_!
d! <JK`EeA!9999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999cc!
!
! !
!
!
.('(3,)*,0)
<&15'6#!SP!@+&#>#5*1(!4#!)46'31%0530!!99999999999999999999999999999999999999999999999999999999999999999999999999999cc!
<&15'6#!_P!@+&#>#5*1(!4#!$%#&>0!!99999999999999999999999999999999999999999999999999999999999999999999999999999999999Vb!
) )
!
!
.('(3,)*&%03%/"#5)
<&0650/*1?#!SP!E=51(0!)0/0*3#!'%&'(#.!4#&#/1!(#%0&17!*#3!$0!$%#&>1!'=&*03'!+'!+','-!(!
$%&'(')*3#(2!9999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999_c!
<&0650/*1?#!_P!f%0)15'!g8h!1*!$%&2(%2&*1!'/$%'%(1!g8!ih!)46'31%0530)!+'!$+'52!99999999999999999999bb!
<&0650/*1?#!bP!E+1$!)4'&?#!+'!$%#&'$%1!)46'31%0530)!999999999999999999999999999999999999999999999999999999bb!
<&0650/*1?#!aP!f%0)15'!g8h!1*!$%&2(%2&*1!'/$%'%(1!g8!ih!)46'31%0530)!+'!$%'+*31!14'==0!99bb!
<&0650/*1?#!TP!E+1$!)4'&?#!+'!/05')*1!/'=1!)46'31%0530)!99999999999999999999999999999999999999999999999ba!
<&0650/*1?#!dP!f%0)15'!g8h!1*!$%&2(%2&*1!'/$%'%(1!g8!ih!)46'31%0530)!+'!+&1/'=530*0,!*#41)2
!999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999ba!
<&0650/*1?#!cP!E+1$!)4'&?#!+'!$%#&'$%1!'%&'(!)!'//05(2!99999999999999999999999999999999999999999999999ba!
<&0650/*1?#!VP!f%0)15'!g8h!1*!$%&2(%2&*1!'/$%'%(1!g8!ih!$%#&>0)!+'!$+'52!99999999999999999999999999bT!
<&0650/*1?#!jP!E+1$!)4'&?#!+'!$%#&'$%1!$%#&>0)!999999999999999999999999999999999999999999999999999999999999bT!
<&0650/*1?#!SUP!f%0)15'!g8h!1*!$%&2(%2&*1!'/$%'%(1!g8!ih!$%#&>0)!+'!$%'+*31!14'==0!999999bT!
<&0650/*1?#!SSP!f%0)15'!g8h!1*!$%&2(%2&*1!'/$%'%(1!g8!ih!'%&'(!+'!$+'52!'%&'(#!99999999999999999bd!
<&0650/*1?#!S_P!E+1$!)4'&?#!+'!$%#&'$%1!'%&'(!99999999999999999999999999999999999999999999999999999999999999bd!
<&0650/*1?#!SbP!G+'5!'%&'(#.!+&1!(#%0&0,!$0!+'6'$%030!+'3#)53#3'!-2$%)0*'M)0/0*3$(0!
%0N#)0O,'%*30!99999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999bV!
<&0650/*1?#!SaP!G+&0,53#*30!51%0&#%2&0!1*!2/050N=#!14'=&#N0)#*3!$!+'/&'-3#!-2$%)0*'M
)0/0*3$(17!%0N#)O,'%0*3!9999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999bV!
<&0650/*1?#!STP!F050N0*30!,'%0-06#!)0/0*3#!+&1!'%&'(2!999999999999999999999999999999999999999999999bj!
<&0650/*1?#!SdP!G'/05')#*30!)46'31%0530)!4!42*#*31,1!1*$%1%2?13#,1!9999999999999999999999999999999bj!
<&0650/*1?#!ScP!G'/05')#*30!)46'31%0530)!4!42*#*31,1!1*$%1%2?13#,1!9999999999999999999999999999999aU!
<&0650/*1?#!SVP!G'/05')#*30!$!$%&'(')*3#(1!)!)46'3*'M14'=&#N0)#5*1!1*$%1%2?1319999999999999aU!
<&0650/*1?#!SjP!<','-!$%&'(')*0!$52N=0!)!)&%?2!650/0!*#!+'/#*0!%&/1%)0!9999999999999999999aS!
<&0650/*1?#!_UP!<'6')'&!4!'%&'(',!'=!*0+&1,0&*0,!)0/0*32!9999999999999999999999999999999999999aS!
<&0650/*1?#!_SP!G'/05')#*30!$!$%#&>1!'=!'%&'(')0,!*0+&1,0&*0,!)0/0*32!99999999999999999a_!
<&0650/*1?#!__P!B#-1*!'=)0>-#*3#!$%#&>0)!999999999999999999999999999999999999999999999999999999999999999999a_!
<&0650/*1?#!_bP!L2$%)0*'M)0/0*3$(0!%0N#)0O,'%*30!+&1!'%&'?17!99999999999999999999999999999999999ab!
<&0650/*1?#!_aP!E%&'?1!$!-2$%)0*'M)0/0*3$(1,1!%0N#)#,1O,'%*3#,1!$'!,'%0-1!4#!'('51?'
!999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999aT!
<&0650/*1?#!_TP!@46'31%0530)'!2(&0+#*30!'=!'%&'(')0,!*0+&1,0&*0,!)0/0*32!9999999999999aT!
<&0650/*1?#!_dP!D03#)*1(1!4#!*#$%#*0(!-2$%)0*'M)0/0*3$(17!%0N#)O,'%0*3!+&1!'%&'(2!99ad!
<&0650/*1?#!_cP!<'6'$%'$%!*0N050*06#!)0/0*3#!+&1!'%&'(2!999999999999999999999999999999999999999999aj!
<&0650/*1?#!_VP!<'6'$%'$%!+'$#,04*0!'=51(0!*0N050*06#!)0/0*3#!99999999999999999999999999999aj!
<&0650/*1?#!_jP!E/41)!$%#&>0)!*#!'%&'(')'!*0N050*'!)0/0*30!9999999999999999999999999999999999999TU!
<&0650/*1?#!bUP!E('51>-1*0!*0N050*06#!)0/0*3#!999999999999999999999999999999999999999999999999999999999TS!
!
!
<&0650/*1?#!bSP!@4&'(1!*0N050*06#!)0/0*3#!9999999999999999999999999999999999999999999999999999999999999999T_!
<&0650/*1?#!b_P!K$(#*30!1*8'&,#?13!'!'%&'(')0,!*0+&1,0&*0,!)0/0*32999999999999999999999999Tb!
<&0650/*1?#!bbP!E=-2%(1!'=!'%&'(')0,!*0+&1,0&*0,!)0/0*32!9999999999999999999999999999999999999Tb!
<&0650/*1?#!baP!<'$)0%!$!$%&'(')*3#(1!9999999999999999999999999999999999999999999999999999999999999999999999999Ta!
<&0650/*1?#!bTP!B#-1*!$'/05')#*3#!4!)46'31%0530,!9999999999999999999999999999999999999999999999999999999Ta!
<&0650/*1?#!bdP!K*$%1%2?130.!$!(#%0&1,1!$'/052303'!$%#&>1!)!+&1,0&2!'%&'(')17!)0/0*3$('M
-2$%)0*17!%0N#)O,'%0*3!999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999Td!
<&0650/*1?#!bcP!F050N0*30!,'%0-06#!)0/0*3#!9999999999999999999999999999999999999999999999999999999999999Td!
<&0650/*1?#!bVP!B#3+'6'$%03>0!-2$%)0*'M)0/0*3$(0!%0N#)0O,'%*30!+&1!'%&'(2!1*!&0425%#%!
)#&1#*?0!4#!+'*')530*0!,0&1%)0!99999999999999999999999999999999999999999999999999999999999999999999999999999999999Tc!
<&0650/*1?#!bjP!<'$%M7'?!F'*80&&'*130)!%0$%!ǃ(!,0/!+#&1!,0&30*3!999999999999999999999999999TV!
<&0650/*1?#!aUP!G+0#&,#*')!('081?10*%!('&05#?130!,0/!*#(5'*30*'$%3'!14'=&#N0)#*32!1*!
/05')*'!/'='999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999Tj!
<&0650/*1?#!aSP!G+0#&,#*')!('081?10*%!('&05#?130!,0/!*#(5'*30*'$%3'!14'=&#N0)#*3#!'!
-2$%)0*'M)0/0*3$(17!%0N#)#7O,'%*3#7!1*!14'=='!)46'31%0530)!99999999999999999999999999999999999Tj!
<&0650/*1?#!a_P!G+'5!'%&'(#!4!*#3+'6'$%03>1,1!-2$%)0*'M)0/0*3$(1,1!
%0N#)#,1O,'%*3#,1!999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999dU!
<&0650/*1?#!abP!G'/05')#*30!$!$%&'(')*3#(1!)!)46'3*'M14'=&#N0)#5*1!1*$%1%2?1319999999999999dU!
<&0650/*1?#!aaP!<'6')'&!4!'%&'(',!'=!*0+&1,0&*0,!)0/0*32!9999999999999999999999999999999999999dS!
<&0650/*1?#!aTP!<'6')'&!$!$%#&>1!'=!'%&'(')0,!*0+&1,0&*0,!)0/0*32999999999999999999999999dS!
<&0650/*1?#!adP!<&014(2$!G+0#&,#*')06#!('081?10*%#!,0/!14'=='!$%#&>0)!1*!
+'6'$%'$%3'!*0N050*06#!)0/0*3#!+&1!'%&'(2!99999999999999999999999999999999999999999999999999999999999999999d_!
<&0650/*1?#!acP!<')04#*'$%!,0/!$+'5',!'%&'(#!1*!+'6'$%'$%3'!*0N050*06#!)0/0*3#!99d_!
<&0650/*1?#!aVP!<'$)0%!4!)46'31%0531!650/0!*#!+'6'$%'$%!*0N050*06#!)0/0*3#!+&1!'%&'(2
!999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999db!
<&0650/*1?#!ajP!K$(#*30!1*8'&,#?13!'!,'%0-0,!)0/0*32!+&1!)46'31%05317!g)!)46'3*'M
)#&$%)0*1!1*$%1%2?131h!1*!$%&'(')*1!51%0&#%2&1!g*#!1*%0&*0%2h!999999999999999999999999999999999999999999999999da!
<&0650/*1?#!TUP!<'6'$%'$%!+'$#,04*0!'=51(0!*0N050*06#!)0/0*3#!1*!&0425%#%!#*#5140!
)#&1#*?0!4#!+'*')530*0!,0&1%)0!99999999999999999999999999999999999999999999999999999999999999999999999999999999999da!
<&0650/*1?#!TSP!<'$%M7'?!F'*80&&'*130)!%0$%!,0/!+'6'$%'$%3'!%&,0!1*!/&2617!*0N050*17!
)0/0*3!9999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999dT!
<&0650/*1?#!T_P!E/41)1!$%#&>0)!*#!*0N050*'!)0/0*30!'%&'(#!1*!&0425%#%!#*#5140!)#&1#*?0
!999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999dd!
<&0650/*1?#!TbP!<'$%M7'?!F'*80&&'*130)!%0$%!,0/!16*'&1&#*30,!'%&'(')06#!)0/0*3#!1*!
'=&#)*#)#*1,1!'/41)1!999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999dc!
) )
!
!
.('(3,)-3#.)
G51(#!SP!J#4)'3!-2$%0)!99999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999!T!
G51(#!_P!<&1,0&1!<1#60%')17!*#5'6!('*$0&)#?130!9999999999999999999999999999999999999999999999999999999999999!j!
! !
I0&(')*1(.! H*#! 1*! J'4,#*.!:#&2>#! g_USchP, $%&'()*0A()>)*1&2), ')B.()C<0'*1), =-)>L06&2+P, 0'-029!
:#61$%&$('!/05'9!;'+0&P!W<!<Ak9!
QQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQ!
S!!
8) !$,/)
G'?1#514#?13#! 30! +&'?0$.! (1! $06#! )! '=/'=30! '/&#$5'$%19! B#3,'-*030! 4#4*#,230!
+'$#,04*1(#!)!'%&'>%)2!1*!,5#/'$%1!)!'()1&2!/&2N=0*0!1*!(25%2&*0!$80&0.!(1!$0!,0/!$0='3!
+&0+50%#%#9!G!$'?1#514#?13'!2%0$*3230,'!'%&'(#!)!*#>'!(25%2&'.!(#&!+#!30!*23*'!+'%&0=*'.!
/#!='!)15!$)'30!/1$+'41?1309!E%&'(!30!'/)1$0*!'/!'('51>-1*.!)!(#%0&17!$0!&'/19!B0!,'&0!$1!
14=&#%1! $%#&>0).!(25%2&0.! $'?1#5*06#!'('53#!#51! $'?1#5*'!0('*',$(06#!+'5'N#3#!/&2N1*09!
E/&#$51! $,'! %1$%1.! '/! (#%0&17! 30! '/)1$*'.! #51! $0! ='/'! '%&'(')0! /1$+'41?130! )13#50.!
4#*0,#&150!#51!+#!$0!?05'!)150!*06#%1)*0!gJ0%24*1(!F'4')1-#&.!;*?.!_USUh9!
E%&'(')! -2$%)0*1! )'3! $0! 4#-*0! 1*! $0! )13#! 4! /'N1)53#*30,! *306')17! $%#&>0)9!
L2$%)#!$'!+&1/'=530*#!4!14(2>*3#,1.!$'!+&1)46'30*#!1*!*#2-0*#!)!/&2N=0*0,!'('5329!G'!
+'$#,04*1(')#!1*%1,*#!$%)#&.!5#7('!317!+'(#N0!#51!*09!C2/1!)0/0*30!30!+&1/'=530*'.!4!*31,!
$0!14&#N#,'!*#)4)0*9!B#2-1,'!$0!6#!$!+'$*0,#*30,.!1/0*%181(#?13'.!14(2>*3#,19!E%&'(!
/'N1)53#!-2$%)0*0!$%1$(0!)!*04*#*1!$1%2#?131.!('!*0!)0.!(#3!6#!-#(#.!#51!+&0/!*04*#*1,1!
532/,1.!('!*0!)0.!(#3!,2!='/'!$%'&1519!@!-2$%)0*'!$%1$('!+&1/0.!-0!30!+$171-*'!#51!8141-*'!
'6&'N0*! 1*! $'! &#)*#*3#! '/&#$517! 6&'=#! 1*! *30,2! *0*,531)#9! L2$%)0*'M)0/0*3$(0!
%0N#)0O,'%*30! $0! 5#7('! +'3#)13'.! ('! '%&'(! *0! )0.! (#('! *#3! $0! '=*#>#.! 1*! *#! $1%2#?130!
'/6')#&3#!*#!4#7%0)0!'/&#$517.!5#7('!+#!30!+')'/!4#*30!N0!*04*#*'!'('5309!L2$%)0*'M
)0/0*3$(0! %0N#)0! +'$%#*03'! ,'%*30.! ('! $0! '%&'(! *#)#/1! *#! %0N#)0.! $0! +&1-*0! )0$%1!
'=&#,=*'! 1*!('!*306')'!)$#(/#*30! N1)530*30! 462=1! )&0/*'$%*1! +',0*! %0&!,2!2+#/0%#!
)0$0530!1*!,'%1)#?13#!4#*3!gf('850(.!_USUh9!!
"#('*!'!)&%?17!g_UUjh!'+&0/053230!+&'6&#,0.!+'!(#%0&17!*#3!=1!$0!&#)*#51!4#+'$50*1!)!
*317.!1*!+&0/$%#)53#!$%&'(')*'!+'/5#6'!4#!/05'9!l#)*1!)&%?1!$0!&#)*#3'!+'!;2&1(252,2!4#!
)&%?0.! (#,'&! $'/13'! %2/1! *#)'/15#! 4#! 14)#3#*30! (2&1(252,#! 4#! '%&'(0! $! +'$0=*1,1!
+'%&0=#,19! :0/! '%&'(0! $! +'$0=*1,1! +'%&0=#,1! $'! )(532-0*1! %2/1! '%&'?1! $!
%0N#)#,1O,'%*3#,1!)0/0*3#!1*!'$0=*'$%1!g;2&1(252,!4#!)&%?0.!Sjjjh9!!
<&1! ǃ(')#*32! )0/0*3$(17! +'$0=*'$%1! '/! )0/0*3$(17! %0N#)O,'%0*3! ,'&#,'!
+&0+'4*#%1.!#51!$0!'%&'(!'=*#>#!/&26#-0!('%!*306')1!)&$%*1(1!4#%'.!(0&!=1!&#/!$+'4*#5!1*!
4*#5!)0-!('%!*306')1!)&$%*1(1.!#51!4#%'.!/#!=1!$1!4#6'%')15!14(2>*30.!$+&030%'$%!1*!)#&*'$%.!(1!
3'!1,#3'!)&$%*1(1.!*30,2!+#!,#*3(#3'!gL#$.!;#$%051?.!f%0&.!_UUbh9!!
L2$%)0*'M)0/0*3$(0! %0N#)0O,'%*30! $0! (#N03'! ('%! +'*#)53#3'-0! $0! '=51(0!
*04#N050*06#!)0/0*3#.!(1!/&2N=0*'!*1!$+&0,0*531)'9!:*'6'!30!'=51(!1*!)4&'(').!(#N03'!
I0&(')*1(.! H*#! 1*! J'4,#*.! :#&2>#! g_USchP, $%&'()*0A()>)*1&2), ')B.()C<0'*1), =-)>L06&2+P, 0'-029!
:#61$%&$('!/05'9!;'+0&P!W<!<Ak9!
QQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQ!
_!!
+#!$0!+&0/)$0,!('%!+&0%1&#*'!1*!/'56'%*'!'/(5'*$('!)0/0*30.!$!(#%0&1,!'%&'(!+')4&'-#!
>('/'!$)'30,2!'('532!1*!$0!)0/0!+&'%1!2)053#)530*1,!*'&,#,!'('53#9!g<'+')1m.!_UUjh9!!
<&1! +&0/>'5$(0,! '%&'(2! $! -2$%)0*'M)0/0*3$(1,1! %0N#)#,1O,'%*3#,1! 1,#%#!
+',0,=*'! )5'6'! /&2N1*#! 1*! )46'31%053! )! )&%?29! D&2N1*#! 30! *0*#/',0$%531)! /03#)*1(! 4#!
*'&,#50*!)'3!'%&'(#9!l0!*#&#)*#!+&1,#&*#!$(2+1*#.!(1!$(&=1!4#!'%&'(')'!$'?1#514#?13'.!
-2$%)0*'$%!1*!)&0/*'$%*1!$1$%0,9!F&04!2$%&04*0!-2$%)0*'$%1!'%&'(!4#+#/0!)!/0)1#*%*'$%1.!
(#&!(#N0!4!#$'?1#5*1,!1*!*0+&15#6'30*1,!)0/0*30,9!"!)&0/*'%#,1.!(1!317!'%&'(!+&1/'=1!)!
/&2N1*1.!)13#!)&0/*'$%*'!1*!$,1$05*'!N1)530*309!:*'6'(&#%!30!+&#)!/&2N1*#!%1$%#.!(1!)+51)#!
*#!*#$%#*0(!'%&'(')17!-2$%)0*'M)0/0*3$(17!%0N#)O,'%0*39!C'!$'!5#7('!+&0'=&0,0*30*1!
$%#&>1! #51! +#! 46&0>0*1! )46'3*1! +&130,19! B#! '/*'$0! )! /&2N1*1! +#! 5#7('! )+51)#3'! %2/1!
0('*',$(1!$%#%2$.!14'==#!$%#&>0)!#51!*317')#!5'-1%0)!gX'&)#%!1/&9.!_UUUh9!!
<&1!/052!4!'%&'(',!$!-2$%)0*'M)0/0*3$(1,1!%0N#)#,1O,'%*3#,1!1,#!+',0,=*'!)5'6'!
%2/1!)46'31%053!)!)&%?29!D#!=1!+',#6#5!'%&'(2!$!%#(>*1,1!%0N#)#,1O,'%*3#,1.!,'&#! 1,0%1!
)051('!4*#*3#!1*!0,+#%1309!E%&'(2!,'&#!*2/1%1!'=-2%0(!$+&030%'$%1!%0&!,2!','6'-1%1.!/#!='!
/'N1)53#5!2$+0709!@!+&1,0&2.!/#!+&1!'%&'(2!+&0+'4*#!723>0!%0N#)0O,'%*30.!,'&#!+'1$(#%1!
$+0?1#5141&#*'!$%&'(')*'!+','-!#51!+#!'%&'(#!*#+'%1%1!)!$+0?1#5141&#*'!1*$%1%2?13'9!E%&'(2!
,'&#!*2/1%1!%&/*'!'+'&'!%0&!$0!'$&0/'%'-#%1!*#!'%&'(')'!/'$06#*30!?1530)9!E%&'(#!,'&#!1!
1,0%1! &#/.! 6#! $+&030,#%1! 1*! (#4#%1! *,0)#*30! %0&! ,2! %#('! /#3#%1! '=-2%0(! )#&*'$%19!
G%&'(')*1!/05#)0?!,'&#!=1%1!)4%*.!'/!'%&'(#!4#7%0)#%1!/1$?1+51*'!1*!'/6')'&*'$%.!(1!30!
+&1,0&*#! *306')0,2! 1*%050(%2#5*0,2.! %050$*0,2! 1*! '$0=*'$%*0,2! )'329! F1%1!,'&#!
/'$50/0*! )! )46'319! W+'>%0)#%1! ,'&#! *306')0! +'$0=*'$%1.! 4*#%1! +'(#4#%1! $(&=.! 5#$%*#!
-2$%)#!1*!4#2+#*309!C&2/1%1!$0!,'&#!4#!-1,!='53>1!'/*'$!$!$%#&>1.!4!*31,1!)4+'$%#)53#%1!$%1(0!
1*!$'/05')#%19!X(&#%1!+#!$0!,'&#!*0*07*'!14'=&#N0)#%1!gX'&)#%!1/&9.!_UUUh9!!
@! ,#61$%&$(0,! /052! =','! +&0/$%#)151! 51%0&#%2&'! $! +'/&'-3#! -2$%)0*'M)0/0*3$(17!
%0N#)O,'%0*3! +&1! '%&'(2! )! +&0/>'5$(0,! '=/'=32! 1*! *#! +'/5#61! )$(#)0! 26'%#)53#51.! $!
(#%0&1,1! -2$%)0*'M)0/0*3$(1,1! %0N#)#,1O,'%*3#,1! $0! +&1! +&0/>'5$(0,! '%&'(2!
*#3+'6'$%030!$&0-2303'!)46'31%0531!1*!$%#&>19!
@!%0'&0%1-*0,!/052!$0!=','!'$&0/'%'-151!*#!+',0,=*'$%!+&0/>'5$(06#!'=/'=3#!)!
+')04#)1! 4! *#$%#*(',! '%&'(')17! -2$%)0*'M)0/0*3$(17! %0N#)O,'%0*39! <1$#51! =','! '!
'%&'(')0,! )'32! )! +&0/>'5$(0,! '=/'=32.! $,0&*1?#7.! (1! '+&0/0532303'! -2$%)0*'M
)0/0*3$(0! %0N#)0O,'%*30.! %0&!'+&0/05151.!(#3! %#(>*0! %0N#)0O,'%*30!$+5'7!$'9!<'4'&*'$%!
=','! *#,0*151! +&0/)$0,! /03#)*1(',! 4#! *317')! *#$%#*0(! 1*! 4*#(',.! (1! 317! '%&'(! $!
-2$%)0*'M)0/0*3$(1,1!%0N#)#,1O,'%*3#,1!(#N09!E$&0/'%'-151!$0!=','!*#!)5'6'!/&2N1*0.!
I0&(')*1(.! H*#! 1*! J'4,#*.!:#&2>#! g_USchP, $%&'()*0A()>)*1&2), ')B.()C<0'*1), =-)>L06&2+P, 0'-029!
:#61$%&$('!/05'9!;'+0&P!W<!<Ak9!
QQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQ!
b!!
)&%?#!1*!$'/05')#*30!4!/&261,1!+',0,=*1,1!1*$%1%2?13#,1!+&1!/052!4!'%&'(',!$!-2$%)0*'M
)0/0*3$('!%0N#)'O,'%*3'9!!
@! 0,+1&1-*0,! /052! =','! $! +','-3'!,0&$(06#! 1*$%&2,0*%#! '41&',#! )+&#>#5*1(#!
4=13.! #*#51413! %0&! 1*%0&+&0%13! -2$%)0*'M)0/0*3$(0! %0N#)0O,'%*30! '%&'(! *#!
*0$52-#3*'$%*0,.!*#,0*$(0,!)4'&?2!STU!$%#&>0)!1*!VU!)46'31%0530)!)!0*'%#7!;&#*3$(17!
)&%?0)! )! '=-1*1! ;&#*3! %0&! )! )&%?2! +&1! E$*')*1! >'51! <&0//)'&9! W6'%#)53#51! =','.! #51! $0!
-2$%)0*'M)0/0*3$(0! %0N#)0O,'%*30! )! +&0/>'5$(0,! '=/'=32! +'6'$%030! +'3#)53#3'! +&1!
/0-(17! #51! +&1! /0(51?#7! %0&! $! (#(>*1,1! -2$%)0*'M)0/0*3$(1,1! %0N#)#,1O,'%*3#,1! $0!
$''-#3'!$%#&>1!1*!)46'31%0531!'%&'(!)!)&%?29!W6'%#)53#51!=','.!(#('!$%#&>1!&#)*#3'!)!+&1,0&2!
-2$%)0*'M)0/0*3$(17!%0N#)O,'%0*3!$)'306#!'%&'(#.!#51!1>-03'!+','-!%0&!$0!+')042303'!$!
$%&'(')*1,! '$0=30,9! X(&#%1! +#! *#$! ='! 4#*1,#5'! %2/1.! #51! )46'31%0531! '=! '%&'(')0,!
*0+&1,0&*0,!)0/0*32!$'/052303'!$!$%#&>1!1*!/&261,1!$%&'(')*3#(1!%0&!#51!%#(>*'!)0/0*30!
=050N13'9!!
! !
I0&(')*1(.! H*#! 1*! J'4,#*.!:#&2>#! g_USchP, $%&'()*0A()>)*1&2), ')B.()C<0'*1), =-)>L06&2+P, 0'-029!
:#61$%&$('!/05'9!;'+0&P!W<!<Ak9!
QQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQ!
a!!
6) 4%,&%4#M"#)/%3)
6U8)&:KLFD)F>?F@:)L)E?HCAFJ=@HG)FXCFXDB)!
<&1! '%&'(2! $0! )! 46'/*30,! '%&'>%)2! +&0+50%#! )0-!,0/$0='3*'! +')04#*17! +'/&'-13!
)'3#9!C#!+'/&'-3#!$'!%050$*1.!$+'4*#)*1.!-2$%)0*'M'$0=*'$%*1!1*!$'?1#5*1!)'39!X(&#%1!
+#!$0!30!%&0=#!4#)0/#%1.!/#!*#!)'3!)+51)#3'!%2/1!*'%&#*31!'41&',#!60*$(1!/03#)*1(1! 1*!
42*#*31!/03#)*1(1.!('%!$%#!8141-*'!1*!$'?1#5*'!'('5309!J#4)'3!+'%0(#!+'!/'5'-0*17!$,0&07.!
'/!$+5'>*17!(!+'$0=*1,!'=51(#,!'/41)#*3#!%0&!*#!%050$*0,!+'/&'-32!)!?08#5'(#)/#5*1!1*!
+&'($1,'/1$%#5*1! $,0&19! C0,+'! )'3#! $0! +&1! +'$#,04*1(2! %0N('! $+&0,1*3#.! )$#(#!
'$0=#!+&01/0!$('41!)$0!)'3*0!$%'+*30.!(30&!+#!30!)$#(#!&0425%#%!+&0/7'/*0!1*!+&)1!+'6'3!
4#!)'3!*#$50/*30!gB0,0?.!;*?.!_USSh9!
"#!'/&#>-#3'-06#!'%&'(#!30!405'!+',0,=0*!'/*'$.!)!(#%0&0,!$0!$&0-2303'!*306')0!
+'/0/')#*0! 5#$%*'$%1! 1*! )+51)1! '('53#9! @! %0,! +&'?0$2! 4! 5#$%*'! #(%1)*'$%3'! +&1/'=1)#!
14(2>*30!1*!)+51)#!*#!$)'3!5#$%0*!)'3!g<&#+0&.!SjjTh9!
!"#"#$%&'()*+,$-./)01$0(-02.$,
E%&'(')#!-2$%)#!$0!ǃ(2303'!'/!-2$%0)!'/&#$50!'$0=09!E%&'(!317!*#3)0-(&#%!%0N('!
'=)5#/230!1*!*#)#/*'!$0.!('!$0!ꠡ!%0&!317!14).!'/4')0!%2/1!'/&#$5#!'$0=#9!E/&#$51!
)+51)#3'!*#!'%&'(#!%#('.!/#!4#N050*#!-2$%)#!$+'/=23#3'.!*0N050*#!+#!+'$(2>#3'!'/+&#)1%1!
gC'51-1-.!G,153#*1m.!Sjcjh9!!
<$17'5'61!$'!$1!0*'%*1.!/#! 30!4#!)'3!'$0=*'$%1!405'!+',0,=0*!)+51)!,#%0&0!*#!
'%&'(#9!:#%1!*#3!*0!=1!4#!+&0/'56'!-#$#!4#+2>-#5#!'%&'(#.!)$#3!/'(50&!*1!$%#&!/)0! 50%19!
E%&'?1.!(1!$'!5'-0*1!'/!,#%0&!1,#3'!)0-!%0N#)!1*!+'6'$%030!,'-13'!+'$%053'.!6&1403'!*'7%0.!
$0$#3'!+&$%!gC'51-1-.!G,153#*1m.!Sjcjh9!
E%&'(')#! '$*')*#! -2$%)#.! ('%! $'! 4#*1,#*30.! $%.! 304#.! )0$0530.! N#5'$%.!
+&0$0*0-0*30!1*!6*2$.!$0!+'3#)13'!(,#52!+'!&'3$%)29!;',+50($*#!-2$%)#.!('%!$'!+'*'$.!
$&#,.! (&1)/#! 1*! 532='$2,30.! +#! $'! '/)1$*#! '/! 5#$%*06#! $#,'4#)0/#*3#! 1*! 4#)0/#*3#!
'/41)')!'('51?0!*#!)0/0*30.!4#%'!$0!+'3#)13'!(#$*030!)!)'32!n!+&1=51N*'!$&0/1!/&2606#!
50%#.!$#3!$0!,'&#!'%&'(!+&03!*#2-1%1!5'-1%1!$0=0!'/!/&2617!%0&!$0!4#)0/#%1!/&2N=0*17!+&#)159!
C#('!,'&#!+&1!-2$%)17!+'*'$#! 1*!$&#,2!4*#%1!ǃ(')#%1!,0/! 5#7('! 1*! %0N('!*#5'6'! 1*!
2$+07',! %0&! *02$+07',9! E=-2%(1! (&1)/0! +#! $0! +'3#)13'! 4! '%&'(')1,! 4#)0/#*30,!
'/6')'&*'$%1!4#!$)'3#!/03#*3#.!(#&!$0!+'3#)1!*0(30!)!$&0/*30,!'%&'>%)29!<&1!(',+50($*17!
-2$%)17!$'!)051(06#!+',0*#!'%&'(')#!$#,''?0*#.!*306')0!$'?1#5*0!14(2>*30!%0&!'('530.!
)! (#%0&0,! N1)19! <',0,=*0! $'! $1%2#?130! '/&#$517.! (1! 6#! $+'/=23#3'! (! +'41%1)*1,! #51!
I0&(')*1(.! H*#! 1*! J'4,#*.!:#&2>#! g_USchP, $%&'()*0A()>)*1&2), ')B.()C<0'*1), =-)>L06&2+P, 0'-029!
:#61$%&$('!/05'9!;'+0&P!W<!<Ak9!
QQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQ!
T!!
*06#%1)*1,!-2$%)',!)!'/*'$2!/'!$0=09!"!)'30,!-2$%0)!+#!'%&'(!'/! &'3$%)#!*#+&03!
14&#N#!-2$%)0*0!+'%&0=09!"#!*306')!4/&#)!)'3!1*!+&15#6'30*'!'$0=*'$%!30!+',0,=*'.!
/#!'/&#$51!4#/')'531,'!'%&'(')'!+'%&0='!+'!14(#4')#*32!1*!+&030,#*32!532=04*1.!+'%&0='!
+'!)#&*'$%1.!2$+072.!$+'>%')#*32.!('&1$%*'$%1.!'$#,'$)#3#*32!%0&!+'%&0='!+'!/1$?1+51*1!1*!
',031%)#7!gB0,0?.!;*?.!_USSh9!
!
G51(#!SP!J#4)'3!-2$%0)!g+')40%'!+'!;9!F&1/60$.!)!C'51-1-.!G,153#*1m.!Sjcj.!$%&9!cTh9!
<&0/>'5$(1!'%&'?1!&#/1!$'/052303'!)!/03#)*'$%17!4!/&261,1.!+&0/)$0,!)&$%*1(19!@0$0530!
14&#N#3'! %2/1! $('41! 61=#*30! g)#53#*30! +'! %507.! +5'$(#*30.! '=30,#*30h! g;#)-1-.! k0('*3#.!
_UUjh9!
!"#"!$304,.5+,$-./)01$0(-02.$$
oE%&'(')!46'/*31!$'?1#5*1!)'3!30!14&0/*06#!+',0*#!4#!*306')0!$'?1#5*0!'/*'$0!
)!+'4*03>0,!N1)530*32p!gR50=*1(.!SjcT.!$%&9!SUTh9!@!$(2+1*1.!(30&!'%&'(!+&0N1)1!*#3)0-!-#$#.!
$0!2-1!+&15#6#3#*3#!1*!',030)#*3#9!@$0!%'!)053#!%2/1.!-0!30!)(532-0*!)!)&%0?.!(30&!/'=1!='6#%0!
)'3*0!,'N*'$%1!g+&#)!%#,h9!
I0&(')*1(.! H*#! 1*! J'4,#*.! :#&2>#! g_USchP, $%&'()*0A()>)*1&2), ')B.()C<0'*1), =-)>L06&2+P, 0'-029!
:#61$%&$('!/05'9!;'+0&P!W<!<Ak9!
QQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQ!
d!!
B#)04#*'$%! ,0/! '%&'(',! 1*! $%#&>1! $0! )! ?05'%1! )130! '(&'6! $0/,06#! ,0$0?#!
$%#&'$%19! G0)0/#! $0! *0! +'3#)1! (#&! *#0*(&#%.! %0,)0-! *#$%#3#! )$07! $0/0,!,0$0?0)! $!
+&'?0$',!ǃ-*17!1*%0&#(?139!D'30*-(')!+&)1!$%1(!4!42*#*31,!$)0%',!30!405'!'/)1$0*!'/!
%06#.!(#('!$0!)!/'5'-0*1!$1%2#?131!'/41)#!,#,#!'41&',#!/&2N1*$('!'('530!gB0,0?.!;*?.!
_USSh9!
B')'&'30*-0(!'+#4230!,#,1*!'=!%0&!'=*0!61=0.!(1!317!30!$+'$'=0*!+'$*0,#%19!
B#! %#!*#-1*! 4#-*0!)4+'$%#)53#%1! $'?1#5*0!'/*'$0!4! 532/,1!'(&'6!$0=09!:0/!-0%&%1,! 1*!
>0$%1,!%0/*',!$%#&'$%1!$0!+'3#)1!$'?1#5*1!*#$,079!"!*31,!$0!/'30*-0(!'/41)#!*#!/&#N53#30!
14!'('53#9!@!/&260,!,0$0?2!$0!)(532-230!)!1*%0&#(?13'.!'/41)#!$0!4!*#$,071.!+&0,1(#*30,!
2$%*1?.!'/+1&#*30,!2$%.!)'(#514#?13'9!L0!30!(',2*1(#?13#!4#!/'30*-(#!,'%0-#.!+&0*07#!$!
$'?1#5*1,!'/41)#*30,!1*!$0!'=&*0!$%&#*!'41&',#!4#3'(#9!@!%0,!'=/'=32!4#-*0!/'30*-0(!
+'$*0,#%1!'=*'!,1,1('9!@!*#$50/*317!/)07!,0$0?17!$0!4#-*0!4#)0/#%1!$#,06#!$0=09!
G+'$'=0*!30!+&0+'4*#%1.!(#&!,2!30!4*#*'.!%1$%'.!(#&!/05#.!1*!(#&!)1/1!)!'650/#529!"#-*0!$0!
)(532-0)#%1!)!$'?1#5*0!16&1?0.!)0*/#&!30!5#7('!'$&0/'%'-0*!50!*#!%1$%'!'$0='.!$!(#%0&'!$0!
16	!:0/!$0/,1,!1*!'$,1,!,0$0?0,!4#-*0!/'30*-0(!)!$'?1#5*1!(',2*1(#?131!2+'&#=53#%1!
+&0/,0%0!g"2+#*-1-.!_UUjh9!
E=/'=30!'('51!/0)0%06#!,0$0?#!$%#&'$%1!4!)1/1(#!$'?1#5*06#!)'3#!*0(#%0&1!#)%'&31!
1,0*2303'!$'?1'('6*1%1)*#!&0)'52?13#9!D'30*-0(!30!N0!$+'$'=0*!2$(5#30)#%1!16&'!4!'$0='!
%0&!=1%1! 7(&#%1!+'4'&0*!*#!+&0/,0%9!E('51!0*#3$%06#!,0$0?#!6#!4#*1,#! %2/1.!*#!(#3! 30!
+'4'&*#!'$0=#!'=!*30,9!<&1!0*0,!50%2!5#7('!'+#41,'!('*851(%*'!)0/0*30!g+&'%0$%.!%&,#h.!
+'3#)1!$0!%2/1!+&0)1/*'$%!/'!*04*#*17!532/1!%0&!'=!5'-1%)1!'/!'$0=0.!*#!(#%0&'!30!*#3='53!
*#)04#*9!@0-3#!30!*#)04#*'$%!,0/!,#,'!1*!'%&'(',.!%0N30!$0!'%&'(!5'-1!'/!*309!D'30*-(1!
$'!='53!+&0)1/*1!/'!*04*#*17! 532/1! )! %230,!'('532!('%!/',#! %0&!'=!+&1$'%*'$%1!*04*#*0!
'$0=0!g"2+#*-1-.!_UUjh9!
"#&#/1!)$#('/*0)*0!5'-1%)0!=51N*317!'$0=!$0!+&1!)(532-0)#*32!)!)&%0?!+'3#)1%#!$%&0$!1*!
*026'/309!@-#$17!%#!(#&!*0(#3!-#$#.!/#!)0-1*#!'%&'(!$+&03,0!)$#('/*0)*'!'/$'%*'$%!
$%#&>0)9! E%&'?1.! (1! $'! =151! )! )#&$%)2.! 1,#3'! )1>30! $#,'$+'>%')#*30.! ='53! 4#2+#3'! )#$0!
g"2+#*-1-.!_UUjh9!
E('51!/&2606#!50%#!1,#!'%&'(!,'-*'!4#)0/#*30!$0=0.!(#&!)'/1!/'!+&)17!*0$%&1*3#*3!4!
'/&#$51,1! 1*! /&261,1! '%&'(1.! *#! /&261! $%&#*1! +#! $+'/=23#! -2$%)0*'M$'?1#5*0! $+&0%*'$%1!
g0,+#%13#.!+'$*0,#*30h!g"2+#*-1-.!_UUjh9!D)050%*1!'%&'?1!>0!)0/*'!*'-03'!/051%1!$)'317!
16&#-!4!/&261,1.!,0/%0,!('!&#/1!)4#,03'!16&#-'!/&261,9!J#)*'!%#('!$0!&#/1!2+1'!1*!
*'-03'!14+'5*1%1!4#7%0)09!f0!)0/*'!$'!405'!06'?0*%&1-*1!1*!,1$513'.!/#!$'!$&0/1>-0!)$06#!
gR50=*1(.! SjcTh9! "#2+531)1! '%&'?1! $'! $+&'>-0*1.! +&15#6'/531)1.! ,0/%0,! ('! $'! #*($1'4*1!
I0&(')*1(.! H*#! 1*! J'4,#*.!:#&2>#! g_USchP, $%&'()*0A()>)*1&2), ')B.()C<0'*1), =-)>L06&2+P, 0'-029!
:#61$%&$('!/05'9!;'+0&P!W<!<Ak9!
QQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQ!
c!!
4#$(&=530*1.!4#/&N#*1!/'!*')17!532/1!1*!$%)#&19!G%&+*1!'%&'?1!1,#3'!*#/4'&!*#/!*06#%1)*1,1!
-2$%)1.!304*1!'%&'?1!+#!%06#!*#/4'&#!*1,#3'!1*!$'!)4(1+531)1.!=2&30*19!:1&*1!'%&'?1!4*#3'!
&0>1%1!$+'&!,0/!)&$%*1(1.!1,#3'!26'/*0!'/*'$09!H6&0$1)*1!'%&'?1!6&1403'.!?2(#3'.!2*1-2303'!
,#%0&1#5*0!$%)#&19!A6'1$%1-*1!'%&'?1!*0!2+'>%0)#3'!+&0/5'6')!/&2617.!+'4'&*'$%!2$,0&3#3'!
50! *#$09! E%&'?1.! +&1! (#%0&17! +&0)5#/230! )4'&0?! 3040.! #6&0$1)*'$%1.! *#$+&'%')#*3#.!
+&0/$%#)53#!/03#)*1(!%)06#*3#!)!)'32!)0/0*3$(17!%0N#)!1*!%0N#)!)!'/*'$2!4!'/&#$51,1!
%0&!)&$%*1(1!g"2+#*-1-.!_UUjh9!
C&150%*1!'%&'?1!$'!N0!$+'$'=*1!%'5#N1%1!/&2606#.!>0!+'$0=03.!-0!30!%'!532=530*#!1*!=51N*3#!
'$0=#9!"#)0$%*'!4#-*03'!2+'>%0)#%1!/&2606#! 1*!*#-&%*'!*#&0/13'!(#3!*#,0$%'!/&26179!
C&150%*1(1! $0!N0!='53! %&2/13'.!/#!=1!26#3#51!/&261,! 1*!$'!4,'N*1!+&#)06#!$'-2$%)')#*3#9!
G'-2%*'$%! $0! 5#7('! )! )051(1! ,0&1! (#N0! +&1! %1$%17.! (1! $'! *#+#/#5*19! C#(1! '%&'?1! 7'-03'!
+',#6#%1! /&261,.! /#! 317! *0(/'! *0! =1! *#+#/059! <'3#)53#3'! $0! %2/1! *06#%1)*#! -2$%)#P!
>('/'N053*'$%.!*0)'>-531)'$%.!4#)1$%.!(1!317!,'&#,'!-1,!+&03!4#-0%1!'/+&#)53#%1!1*!)13#%1!
+'41%1)*#!-2$%)#!gR50=*1(.!SjcTh9!
<&1!'%&'?17.!$%#&17!%&1!#51!>%1&1!50%#.!$0!4#-*0%#!+'3#)53#%1!%0(,')#5*'$%.!2)053#)53#*30!)!
16&19!C'! 4! 50%1! *#&#>-#! 1*! 30!+&1! >0$%M! %0&! $0/0,50%*1(17!60*0*'!+&1$'%*#! N0!+&1! )$07!
gC'51-1-.!G,153#*1m.!Sjcjh9!!
E%&'?1!$0!ǃ(2303'!650/0!$'?1#5*06#!'/*'$#!/'!/&2617.!0*1!$'!='53!4#+&%1!)#$0.!/&261!
,#*3!gR50=*1(.!SjcTh9!!
B#!'%&'(')!$'?1#5*1!)'3!)+51)#3'!ǃ-*1!/03#)*1(1!gR50=*1(.!SjcT.!$%&9!SUThP!!
!! E%&'(')#!1*%05160*%*'$%P!=1$%&03>1!'%&'?1!$0!$'?1#5*'!71%&030!)1303'9!
!! G'?1#5*'M0('*',$(1!+'5'N#3!/&2N1*0!1*!(25%2&*0!'('51>-1*0P!(#('!$0!'%&'(!4*#3/0!)!
/&2N=1.!30!'/)1$*'!'/!%06#.!(#('!$1!4*#!+&1/'=1%1!2650/9!
!! J#4+'5'N0*30P!-0!30!)!/&2N1*1.!)&%?2.!>'51!$+&'>-0*#.!+&13#%053$(#!(51,#.!%'!+'$+0>230!
'%&'(')!$'?1#5*1!)'39!!
!! D&2N1*$(1!'/*'$1P!'%&'?1.!(1!$0!)13#3'!1*!'/&#>-#3'!)!2&030*17!/&2N1*#7.!$0!)13#3'!
71%&030!('%!%1$%1.!(1!$!$%#&>1!+&0N1)13'!/')'53!-#$#!#51!+#!$+5'7!*0!N1)13'!$(2+#39!
!"#"6$708+,(,)+,$-./)01$0(-02.$,
<1#60%! 30!'/(&1)#5.! (#('! *,03'! $)0%! '%&'?1! ǃ-*17! $%#&'$%1! 1*!(#('!$0!*317')'!
,1>530*30!$+&0,1*3#!'/!/'30*-(#!/'!'/&#$506#!-5')0(#9!"!)'30,!+'$%#3#!'%&'(!)0/*'!
='53!$+'$'=0*!1*!*#!+'/5#61!%06#!30!26'%')15.!/#!30!1*%05160*%*'$%!$+'$'=*'$%!+&15#6#3#*3#!
'('532!1*!$+&0,0,=#,!)!*30,9!C'!1*%05160*%*'$%!'$)'31!'%&'(!$('41!ǃ-*0!8#40!n!)!)$#(1!
I0&(')*1(.! H*#! 1*! J'4,#*.!:#&2>#! g_USchP, $%&'()*0A()>)*1&2), ')B.()C<0'*1), =-)>L06&2+P, 0'-029!
:#61$%&$('!/05'9!;'+0&P!W<!<Ak9!
QQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQ!
V!!
$0!*#2-1!*')17!'=51(!)0/0*3#!1*!)13#!5'61-*'!,1>530*309!@$#(#!8#4#!+#!30!+',0,=*#!4#!
+&07'/!)!*#$50/*3'!gX#Y0$.!E&&055.!SjjVh9!
<1#60%! 30!/0515!('6*1%1)*1! )'3!'%&'(#!)!)0-! 8#4! gX#Y0$.!E&055.!SjjV.!$%&9!acUn
acbhP!
!! Un_! 50%P! $0*4'&*'M,'%'&1-*#! 8#4#9! E%&'(')#! 65#)*#! *#5'6#.! /#! '&6#*141&#! 1*!
1*%0&+&0%1&#! 1*8'&,#?130.! (1! 317! /'=1! $! +','-3'! $)'317! -2%15.! 1*! $0! *#2-1! 2$(5#30)#%1!
/05')#*30!$)'317!,1>1?9!
!! _nc! 50%P! +&0/'+0&#?13$(#! 8#4#9!@! %03! 8#41! $0! )13#!'%&'(')! 3041(9!B#!4#-0%(2! 1,#!
06'?0*%&1-0*!6')'&.!(1!*0! 14)1&#! 14!+'%&0=0!+'!(',2*1?1&#*32! g,0/! 16&'.!('!6')'&1!
$#,! $0=1h.! (#$*030! $0! 4#)0/#.! /#! ,'&#! 6')'&! 4#! $+'*,0)#*30! 4! /&261,1!
+&15#6'/1%1!650/0!*#!$1%2#?13'!1*!*0!46'53!14&#N#%1!$)'30!,1>530*309!<'!<1#60%2!'%&'(!)!
%0,!-#$2!)130!$+'$'=*'$%!/0?0*%&1&#*3#9!@0*/#&!+&1!,1>53#*32!'!+&'=50,17!'%&'(!
%0N1!(!?0*%&#?1319!E$&0/'%'-1!$0!*#!/05!+&'=50,#.!+&1!%0,!+#!$+&0650/#!/03#)*1(0.!(1!
$'! 5#7('! 405'! +',0,=*19! <&1,0&! ?0*%&#?130! 30.! /#! '%&'(! %0N('! /'3#,0.! /#! $'!
'+0&#?130!&0)0&41=15*0!g5#7('!+')0.!/#!1,#!'-0%#.!)0*/#&!*1!$+'$'=0*!/'30%1.!/#!1,#!
*306')! '-0! '%&'(#h9! D&26! +&1,0&! ?0*%&#?130! )! +&0/'+0&#%1)*1! 8#41! 30! ('*40&)#?13#!
g+&0/,0%!$0!5#7('!$+&0,0*1!+'!'=51(1!#51!)1/042.!)0*/#&!'7&#*1!1$%'!,#$'!#51!('51-1*'h9!
e5#)*#! *#5'6#! +&0/'+0&#%1)*0! 8#40! 30.! /#! '%&'(#! +&1+&#)1! *#! (#$*03>0! 8#40! 4!
*#,0*',.!/#!)0/*'!)0-!)0!'!$)0%29!
!! cnSS! 50%P! 8#4#! ('*(&0%*17! '+0&#?139! E%&'(')'!,1>530*30! 30! 405'! +'/'=*'!,1>530*32!
'/&#$506#.!)0*/#&!>0!*1!$+'$'=0*!*,0%1!#=$%&#(%*17!+'3,')9!
!! '/! SS! 50%#! /'! '/&#$5'$%1P! 8#4#! 8'&,#5*17! '+0&#?139! E%&'(')'! ,1>530*30! 30! +'$%#3#!
+'/'=*'! ,1>530*32! '/&#$506#9! <&1! 14&#N#*32! ,*0*3#! 5#7('! 2+'&#=53#! #=$%&#(%*0!
+'3,09!<1#60%!30!,0*15.!/#!30!%'!*#3)1>3#!'=51(#!,1>530*3#9!
I0&(')*1(.! H*#! 1*! J'4,#*.!:#&2>#! g_USchP, $%&'()*0A()>)*1&2), ')B.()C<0'*1), =-)>L06&2+P, 0'-029!
:#61$%&$('!/05'9!;'+0&P!W<!<Ak9!
QQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQ!
j!!
!
G51(#!_P!<&1,0&1!<1#60%')17!*#5'6!('*40&)#?130!g+')40%'!+'!:?`0'/.!_USUh9!
<&'?0$! #/#+%#?130! *#! '('530! +'%0(#! )0$! -#$! '%&'(')06#! ('6*1%1)*06#! )'3#!
gX#Y0$.!E&&055.!SjjVh9!!
!"#"9$3.:0;0<0=.$0(-02.$'$>&'()*+0?)*<*+1'2,:,$(*@.).:,A:0(+1.:,$,
G#,'+'/'=#! +',0*1! +'$#,04*1(')'! /'N1)53#*30! $#,06#! $0=09! C'! $'! '=-2%3#.!
+'/'=0.! $%#51>-#.! $+'$'=*'$%1! 1*! 5#$%*'$%1.! (1! 317! +'$#,04*1(!+&1+1$230!$0=19!L0!'=-2%1!
$#,'$+'>%')#*30.!$#,'4#2+#*30!1*!$#,'4#)0$%.!)13#!+'41%1)*'!$#,'+'/'='9!L0!1,#!
/'!$0=0!*06#%1)0*!'/*'$.!-2%1!*04#/')'53$%)'.!$&#,.!'=-2%0(!,#*3)&0/*'$%1.!6')'&1,'!
'!*06#%1)*1!$#,'+'/'=19!<'$#,04*1(!5#7('!$)'30!$+'$'=*'$%1!+&0?0*3230!#51!+'/?0*32309!
;#/#&! 317!'?0*3230!*#+#-*'.! 1,#!*0&0#5*'!$#,'+'/'='9!;'!+#!*306')#!$#,'+'/'=#!
'/&#N#! &0#5*0! 5#$%*'$%1.! $%#51>-#! 1*! $+'$'=*'$%1.! 30! *306')#! $#,'+'/'=#! &0#5*#9!
W$%&04*#!$#,'+'/'=#!)#&230!'%&'(0!)!$''-0*317!4! 1441)1!'('53#.! 31,!'5#3>230!&0>0)#*30!
('*851(%')! 1*! 2+1&#*30! *06#%1)*1,! +&1%1$(',! '('53#9! E%&'(! 4! *06#%1)*'! $#,'+'/'='!
/'N1)53#!1441)0!('%!$%&0$.!%0$*'='!#51!8&2$%&#?13'.!*306')'!*04#2+#*30!)!5#$%*0!4,'N*'$%1!
+#!5#7('!)'/13'!(!+#$1)*'$%1.!14(532-0)#*32!14!$'?1#5*17!1*%0&#(?13!1*!)!/0+&0$13'9!<&#)!%#('!
30! *06#%1)*#! $#,'+'/'=#! +')04#*#! 4! *14('! )4%*'$%3'.! +'/&0/531)'$%3'.! +&0%1&#*'!
(&1%1-*'$%3'!1*!71%&1,!'-#&#*30,9!C0,0531!$0!4#-*03'!+'$%#)53#%1!N0!+&0/!)$%'+',!)!>'5'.!
$#3! $0! )! +&0/>'5$(0,! '=/'=32! $#,'+'/'=#! N0! '=51(2309! E%&'(! 1,#! +&1! +0%17! 50%17! N0!
I0&(')*1(.! H*#! 1*! J'4,#*.!:#&2>#! g_USchP, $%&'()*0A()>)*1&2), ')B.()C<0'*1), =-)>L06&2+P, 0'-029!
:#61$%&$('!/05'9!;'+0&P!W<!<Ak9!
QQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQ!
SU!!
14'=51(')#*'!$51('!'!$0=1.!$'/=0!'!5#$%*0,!%050$2!1*!+'4*#!4*#-15*'$%1!$)'30!'$0=*'$%1!
gB0,0?.!;*?.!_USSh9!
G#,'+'/'=#!$0!'=51(230!14!)%1$').!(1!317!'%&'(!+&1/'=1)#!14!&#)*#*3!'/&#$517.!+&1+',=!
%0&! 14! %06#.! (#('! $0! /&261! '=*#>#3'! /'! *306#9! B#3)0-31! )+51)! *#! '=51(')#*30! *306')0!
'$0=*'$%1!+#!1,#3'!+&#)!$%#&>19!"#!)'3!+'41%1)*0!$#,'+'/'=0!30!+',0,=*'.!/#!'%&'(#!
'=&#)*#)#,'!('%!+',0,=*'!'$0=*'$%.!6#!1,#,'!&#/1!%0&!6#!$+&03,0,'!%#(>*06#.!('%!
309!<',0,=*'!30.!/#!6#!$+'/=23#,'!*#!*#-1*.!/#!$0!4#)0!$)'317!$+'$'=*'$%1.!%0&!/#!4!
*31,!(#(')'$%*'!+&0N1)53#,'!-#$!gJ0#$'*0&.!Sjjjh9!
E%&'(')1! 4*#(1! +'41%1)*0! $#,'+'/'=0! $'! +&1+&#)530*'$%! *#! $'/05')#*30.!
+&1+&#)530*'$%! /051%1! 4! /&261,1.! $+&030,#*30! *#$)0%').! *0! /#! =1! -2%151! (&1%1('.! N053#! +'!
/'$06#*32! %0&!4#/')'53$%)'!$!$#='9!@!+&1,0&2!*06#%1)*0!$#,'+'/'=0!+#!'%&'(! 14&#N#!
*06#%1)*'!)0/0*30!%0&!1>-0!+'%&/1%)0.!$0!+'/?0*3230.!*#$)0%!/'N1)53#!('%!(&1%1('!1*!4#)&*1%0)!
gB0,0?.!;*?.!_USSh9!
6U6)':@FI=@:)EFCJ:;:))
E%&'?1! $! -2$%)0*'M)0/0*3$(1,1! %0N#)#,1O,'%*3#,1! $'/13'! )! $(2+1*'! '%&'(! $!
+'$0=*1,1! +'%&0=#,19! C'! '+&0/053230! %2/1! "#('*! '! 2$,0&3#*32! '%&'(! $! +'$0=*1,1!
+'%&0=#,1!)!/&260,!-50*2! 1*!*#)#3#.!/#! %2/1!%#!$(2+1*#!'%&'(!+'%&0=230!+&15#6'/1%)0!)!
+&'6&#,17!)46'30!1*!14'=&#N0)#*3#!4!/'/#%*'!$%&'(')*'!+','-3'!#51!+&15#6'30*!+&'6&#,!
)46'30!1*!14'=&#N0)#*3#!'41&',#!+'$0=*0!+&'6&#,0!)46'30!1*!14'=&#N0)#*3#9!D)#*#3$%1!
-50*!4#('*#!*#)#3#.!/#!$0!'%&'?1!$!-2$%)0*'M)0/0*3$(1,1!%0N#)#,1O,'%*3#,1!2$,0&3#3'!)!
)46'3*'! 14'=&#N0)#5*0! +&'6&#,0! $! +&15#6'30*1,! 14)#3#*30,! 1*! /'/#%*'! $%&'(')*'!
+','-3'9! D'/#%*#! $%&'(')*#! +','-! $0! 31,! *2/1! )! '=51(1! $'?1#5*'! 1*%06&#%1)*17.!
+&0)0*%1)*17.! (',+0*4#?13$(17! 1*! ('&0(?13$(17! +&'6&#,').! (1! $'! $0$%#)*1! /05! )46'3*17!
g"#('*!'!2$,0&3#*32!'%&'(!$!+'$0=*1,1!+'%&0=#,1.!_USSh9!
<&#)15*1(! '! '&6#*14#?131! 1*! *#-1*2! /05#! (',1$13! 4#! 2$,0&3#*30! '%&'(! $! +'$0=*1,1!
+'%&0=#,1! %0&! '! (&1%0&1317! 4#! '+&0/051%0)! )&$%0! 1*! $%'+*30! +&1,#*3(53#30).! ')1&! '41&',#!
,'%0*3!'%&'(!$!+'$0=*1,1!+'%&0=#,1! g_USUh!)!;&1%0&1317!4#!'+&0/051%0)!)&$%0! 1*!$%'+*30!
+&1,#*3(53#30).! ')1&! '41&',#! ,'%0*3! '%&'(! $! +'$0=*1,1! +'%&0=#,1! *#)#3#.! /#! '%&'?1! $!
-2$%)0*'M)0/0*3$(1,1! %0N#)#,1O,'%*3#,1! (#N03'! /1$'?1#5*'! )0/0*30.! (1! 30! +'6'30*'!
42*#*30!#51!*'%&#*309!;#N0!$0!$!$1,+%',1.!('%!$'!#6&0$1)*'!#51!#)%'#6&0$1)*'!)0/0*30.!
2*1-0)#*30! 5#$%*1*0.! -2$%)0*0! ,'%*30.! 2N1)#*30! #5('7'5#! 1*! ,#,15.! +'=061! '/! /',#9!
X(&#%1! *#)#3#.! /#! -0%2/1! $0! *0(#%0&1! )4'&?1! $%#*3#! 1*! )0/0*3#! (#N03'! N0! )! 46'/*30,!
'%&'>%)2.!$0!/1#6*'4#!*0!+'$%#)53#.!)$0!/'(50&!*1!4#(532-0*!'%&'(')!'$0=*'$%*1!)'39!
I0&(')*1(.! H*#! 1*! J'4,#*.!:#&2>#! g_USchP, $%&'()*0A()>)*1&2), ')B.()C<0'*1), =-)>L06&2+P, 0'-029!
:#61$%&$('!/05'9!;'+0&P!W<!<Ak9!
QQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQ!
SS!!
<'! *#)'/1517! 7! ;2&1(252,2! 4#! )&%?0! g_UUb.! $%&9! bTh! $0! 4*#(1! *02$%&04*06#!
+&15#6#3#*3#.!(1!5#7('!)'/13'!/'!,'%0*3!)0/0*3#!1*!'$0=*'$%1.!(#N03'!*#!ǃ-*0!*#-1*09!!
!! E%&'?1.!(1! 14&#N#3'! ǃ-*0! %050$*0! %0N#)0O,'%*30P!7&#*30*3#.!+&0=#)0! 1*! 145'-#*3#.!
,'%*30!$+#*3#.!%0N#)0!4!/17#*30,.!#50&6130!1*!='50-1*0!+'!%050$2q!!
!! '%&'?1! 4! )#/#,1! 1*! *#)#/#,1P! $0$#*30! +&$%').! 6&140*30! *'7%').! )&%0*30! 5#$.!
>(&1+#*30!4!4'=,1!%0&!,'%'&1-*0!*#)#/0q!!
!! '%&'?1!4!0,'?1'*#5*1,1!1*!)0/0*3$(1,1!4*#(1!*02$%&04*0!+&15#6'/1%)0P!+&0%1&#*#!%&,#.!
14=&271.!/&#N531)'$%.!#6&0$1)*'$%.!532='$2,*'$%.!+&0%1&#*#!+5#7'$%q!
!! '%&'?1! $! %0N#)#,1O,'%*3#,1! ('*%#(%')P! 14'61=#*30! )&$%*1(',! 1*! 16&1.! $5#=#!
(',2*1(#?13#.!$%!+&0/!'/&#$51,1.!+5#7'$%!+&0/!)&$%*1(1.!*02+'>%0)#*30!*#)'/15!1*!
/'6')'&').! #6&0$1)0*! '/*'$! /'! /&2617.! 317! *0*07*'! '+'4#&3#,'.! *#6#3#3'!
)&$%*1(',.! 1441)#3'.! 6&1403'.! >-1+#3'.! %0+03'! /&260! '%&'(0.! $'! 6&'=1! /'! '/&#$517.!
)&$%*1(').!N1)#51!1*!$%)#&19!!
<&1! ǃ(')#*32! )0/0*3$(17! +'$0=*'$%1! '/! )0/0*3$(17! %0N#)O,'%0*3! ,'&#,'!
+&0+'4*#%1.!#51!$0!'%&'(!'=*#>#!/&26#-0!('%!*306')1!)&$%*1(1!4#%'.!(0&!=1!&#/!$+'4*#5!1*!
4*#5!)0-!('%!$')&$%*1(1.!#51!4#%'.!/#!=1!$1!4#6'%')15! 14(2>*30.!$+&030%'$%! 1*!)#&*'$%.!(1! 3'!
1,#3'!)&$%*1(1.!*30,2!+#!,#*3(#3'!gL#$.!;#$%051?.!f%0&.!_UUbh9!
;532=! %0,2! /#! '%&'(! )! +&0/>'5$(0,! '=/'=32! >0! *1,#! 14'=51(')#*0! '$0=*'$%1.!
B#)'/1517! 7! (2&1(252,2! 4#! )&%?0! )! +&'6&#,17! $! +&15#6'30*1,! 14)#3#*30,! 1*! /'/#%*'!
$%&'(')*'! +','-3'! 4#! '%&'(0! $! +'$0=*1,1! +'%&0=#,1! 4#$50/1,'.! /#! '%&'?1.! (1! 1,#3'!
%0N#)0O,'%*30!4!)0/0*30,!1*!'$0=*'$%3'! 1*!(1!+'%&0=2303'!$%&'(')*'!+','-.!'=$%#3#3'9!
X(&#%1! +#!*1$'! )$1! 4*#(1!'%&'(')06#!*02$%&04*06#!+&15#6#3#*3#!+'(#4#%0531.! /#!'=$%#3#!
,'%0*'$%9!J#451(')#%1!,'&#,'!,0/!)'3*1,1!)0/0*3$(1,1!+'$0=*'$%,1!1*!)0/0*3$(1,1!
%0N#)#,1O,'%*3#,1!gL#$.!;#$%051?.!f%0&.!_UUbh9!
6U\),E?HCHJ<>HL)EFDG:)VB=>LHIFNLHCHID=@<])>H^:LQGF>HID)!
L2$%)0*'M)0/0*3$(0! %0N#)0O,'%*30! $'! 1*/1)1/2#5*1! '/41)! *#! +&0+50%! =1'5'>(17!
/03#)*1(').! /03#)*1(')! )'3#! 1*! )+51)')! $'?1#5*0! /0+&1)#?130! '41&',#! 1462=.!
*04#/')'530*17!+'%&0=!#51!$%&0$#9!X(&#%1!$'!'/41)!*#! 1*%0&#(%1)*0!/03#)*1(0!$'?1#5*06#!
'('53#.!(1!$'!5#7('!$+'/=2/*1!#51!+#!+&1$+0)#3'!(!*#$%#3#*32!-2$%)0*17!$%1$(!1*!14$%'+#3'-17!
'=51(!)0/0*3$(17!'/41)')9!@!-2$%)0*'! 1*!)0/0*3$('!*0&#)*'%0N30!)'/1!'/41)!*#! 1462='!
$(5#/*'$%1!$!$0='3!1*!4!/&261,1!g;'='5%.!J#+2>!<#)05.!_UUjh9!
L2$%)0*'M)0/0*3$(0! %0N#)0O,'%*30! $0! (#N03'! ('%! +'*#)53#3'-0! $0! '=51(0!
*04#N050*06#!)0/0*3#.!(1!/&2N=0*'!*1!$+&030,531)'9!:*'6'!30!'=51(!1*!)4&'(').!(#N03'!+#!
I0&(')*1(.! H*#! 1*! J'4,#*.! :#&2>#! g_USchP, $%&'()*0A()>)*1&2), ')B.()C<0'*1), =-)>L06&2+P, 0'-029!
:#61$%&$('!/05'9!;'+0&P!W<!<Ak9!
QQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQ!
S_!!
$0!+&0/)$0,!('%!+&0%1&#*'!1*!/'56'%*'!'/(5'*$('!)0/0*30.!$!(#%0&1,!'%&'(!+')4&'-#!
>('/'!$)'30,2!'('532!1*!$0!)0/0!+&'%1!2)053#)530*1,!*'&,#,!'('53#!g<'+')1m.!_USUh9!!
;*-#*!g_UUdh!%&/1.!/#!$'!-2$%)0*'M)0/0*3$(0!%0N#)0O,'%*30!'/)1$*0!'/!-#$')*17!
1*! (25%2&*17! *'&,.! '/(5'*$('! )0/0*30! +#! *#$%#*0! 4#&#/1! '&6#*$(17! %0N#)O,'%0*3.!
*0+&1,0&*06#!'('53#.!%0N#)O,'%0*3!)!)'32!%0&!*0/'$06#*3#!2-*17!1*!/05')*17!4#7%0)9!!
L2$%)0*'M)0/0*3$(0!%0N#)0O,'%*30!$'!5#7('!g<'+')1m.!_USU.!$%&9!SahP!
!! +'/0/')#*0P!317!'%&'(!4!60*1!+&1*0$0!*#!$)0%.!
!! +&1&'30*0P!(#&!'%&'(!+&1/'=1!#51!1462=1!4!&'3$%)',!4#&#/1!%0N#)!,0/!*'$0-*'$%3'!1*!'=!
+'&'/2.!
!! +&1/'=530*0P! 4#&#/1! )+51)')! 1*! ǃ-*17! /03#)*1(').! (1! '%&'(#! $+&0,53#3'! '/! &'3$%)#!
/#5309!!
f('850(!g_UUj.!$%&9!dh!*#)#3#.!/#!$0!+&1!'%&'(2!-2$%)0*0!%0N#)0O,'%*30!5#7('!+'3#)13'P!
!! +&0/!*04*#*'!$1%2#?13'!#51!/'6'/(',.!('!*0!)0.!(#3!6#!-#(#.!
!! +&0/!532/,1.!(1!317!*0!+'4*#!1*!*0!)0.!(#3!,2!='/'!&0(51!#51!$%'&151.!
!! ('!30!+$171-*'!#51!8141-*'!'6&'N0*!#51!
!! 4#&#/1!&#)*#*3#!'/&#$517!1*!*30,2!*0*,531)17!4#7%0).!+&0+')0/1!#51!/03#*3!'/&#$5179!
<&1!'%&'(2!$0!-2$%)0*'M)0/0*3$(0!%0N#)0O,'%*30!5#7('!+'3#)13'!%2/1!gf('850(.!_UUj.!
$%&9!dhP!
!! %#(&#%.!('!*0!)0.!(#('!*#3!$0!)0/0!#51!$0!'/4')0!*#!4#7%0)0!1*!+&1-#(')#*3#!'/&#$517.!
/#!=1!=151!50!%1!4#/')'53*1!4!*306')1,!)0/0*30,.!
!! )!*0+'4*#*0,!'('532!1*!+&0/!*04*#*1,1!532/,19!
"#!%0N#)0O,'%*30!)0/0*3#! 30!4*#-150*!+'*#)53#3'-! 1*!%*!)4'&0?!#6&0$1)*06#!#51!
+&0/&4*06#!)0/0*3#.!(1!%#!*#3,#*3!>0$%!,0$0?0)9!G0,!$'/13'!)0/0*3#.!(1!+&0/$%#)53#3'!
723>'!(&>1%0)!/&2N=0*17!*'&,9!"#!'%&'(0!$!%0N#)#,1O,'%*3#,1!)0/0*3#!30!4*#-15*'.!/#!$0!
'/! )&$%*1(')! ǃ(2303'! +&0/)$0,! +'! 1*%0*41)*'$%1! /'N1)53#*3#! 3040.! >%0)152! #6&0$1)*17!
'/41)')!)!ǃ-*17!$1%2#?13#7.!+'6'$%0,!'+&#)1-0)#*32!$)'306#!/03#*3#.!*0*,0)#*32!
-'6')! 4#! /'N1)53#*30! *06#%1)*17! -2$%0)! 1*! +'! $5#=>0,! $+',1*3#*32! ?05'%*06#!
/'6#3#*3#.!(1!30!)!*317!$+&'N15'!-2$%)#!gG,&%*1(!@1%251m.!_UUch9!
L2$%)0*'M)0/0*3$(0!%0N#)0!+'$%#*03'!,'%*30!%#(&#%.!('!$0!'%&'(!*#!%0N#)0!*#)#/1!
1*!,2!+'$%#*0!)$00*'.!(#('!$0!='/'!*#!*306')'!14&#N#*30!%0N#)!'/4)#51!'/&#$519!E%&'(!
I0&(')*1(.! H*#! 1*! J'4,#*.!:#&2>#! g_USchP, $%&'()*0A()>)*1&2), ')B.()C<0'*1), =-)>L06&2+P, 0'-029!
:#61$%&$('!/05'9!;'+0&P!W<!<Ak9!
QQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQ!
Sb!!
$0! 4#-*0! )0$%1! $%0&0'%1+*'.! *306')'! N1)530*30.! 532/30! 1*! '('530! 462=13'! +&#)1! )&0/*'$%*1!
+',0*.!2+#/0%#!%2/1!)0$0530!1*!,'%1)#?13#!4#!/05'!1*!2-0*30!gf('850(.!_UUjh9!
f('850(! g_UUj.! $%&9! Sdh! *#)#3#.! /#! $'! +&1! '%&'?17! %0N#)0O,'%*30! )! +&15#6#3#*32!
*#3+'6'$%03>0!-2$%)0*'M)0/0*3$(0!1*!317!/051!*#P!
!! %050$*0! %0N#)0O,'%*30P! %0N#)0! 7&#*30*3#.! +&0=#)53#*3#.! 145'-#*3#! g+&0%1&#*#!
*0O30>-'$%.!14=1&-*'$%.!N03#.!,'-0*30.!=5#%0*30.!='50-1*0!)!%&0=272hq!
!! $5#=0! *#)#/0P! 6&140*30! *'7%').! $0$#*30! +&$%').! &1%,1-*'! +'41=#)#*30.! %'5-0*30! 4!
&'(#,1!#51!4!65#)'!'=!41/.!)&%0*30!5#$q!
!! 4*#(0! *02$%&04*06#! +&15#6#3#*3#P! +&0%1&#*#! %&,#.! %'6'%*1! 14=&271.! (&1-#*30!
/&#N531)'$%.!#6&0$1)*'$%!g>-1+#*30.!=&?#*30.!4*#>#*30!*#/!16&#-#,1.!%&6#*30!$%)#&1.!
+5#7'$%.!?,0&#)'$%.!532='$2,*'$%.!14&#N#3'!$%')0!1*!$'!*0+&0/)1/531)06#!)0/0*3#hq!
!! %0N#)0!)4+'$%#)53#*3#!$%1(#.!(1!$0!+&1!'%&'(2!)0-(&#%!+'3#)53#3'P!14'61=#*30!)&$%*1(',.!
$#,'%#&$%)'.! 4#$,07')#*30.! ,#5%&0%1&#*30.! 2+'&*1>%)'.! $%! +&0/! '/&#$51,1.!
*02+'>%0)#*30! *#)'/15.! *#6#31)'$%.! 1441)#5*'$%.! $'! 6&'=1! /'! '/&#$506#.! )&$%*1(').!
N1)#51!1*!$%)#&19!
!"6"#$7.1$'0$>&'().B$$
L2$%)#!#51!0,'?130!1,#3'!+',0,=*'!#/#+%1)*'!82*(?13'!)!'/*'$2!-5')0(#!/'!$)0%#9!
X(&#%1!+#! 1,#3'! %2/1!+',0,=*'!('6*1%1)*'! 82*(?13'9!o;'%!*#,!*,!'/(&1)#!/03$%)#.!
%#('!*#,!0,'?130!'/(&1)#3'!)&0/*'$%1p!ge#50>#.!SjjT.!$%&9!Sbdh9!
L5')0(')#!-2$%)#!$'!4#+50%0*1!+&'?0$1.!$#3!$0$%#)53#3'!('6*1%1)*0.!8141'5'>(0.!14*0!
1*!)0/0*3$(0!'/41)09!C1!$1!$50/13'!)!/'5'-0*0,!4#+'&0/329!L2$%)#!*#$%#*03'.!('!4#4*#,'!
$+&0,0,='!)!42*#*30,!$)0%2.! 1*8'&,#?13'!'=/05#,'! 1*!+'!+'*')*1!$+&'N1%)1!,1$05*17!
+&'?0$')! -2$%)#! 14),'.! /05230,'! #51! -2%1,'! +'%&0='! +'! /05')#*329! L2$%)#!
+&0/$%#)53#3'! +'$#,04*1(')! ?05'$%*1! '/41)! )! $1%2#?131.! (1! 30! +&1! )$#(0,! +'$#,04*1(2!
/&26#-0*.!$#3!5#7('!/'6#3#*30!ǃ-*'!'?0*1,'!1*!$0!*#*3!ǃ-*'!-2$%)0*'!'/4')0,'9!
F'53!('%!30!$1%2#?13#!$(5#/*#!$!+'$#,04*1(')1,1!N053#,1!1*!1*%0&0$1.!='53!1*%0*41)*#!-2$%)#!
='!/'N1)53#5!gG,&%*1(!@1%251-.!_UUch9!
L5')0(')#! -2$%)#! $'! #80(%1)*1! +&'?0$1.! (1! $'! -#$')*'!',030*1! 1*! )! -#$2! $)'306#!
%#*3#! )+51)#3'! *#! )0/0*309!e50/0! *#! *317')! 2-1*0(! 317! 5#7('! /051,'! *#! +'41%1)*#! 1*!
*06#%1)*#.!'41&',#!4#!+'$#,04*1(#!('&1$%*#! 1*!>('/531)#!-2$%)#9!B317')#!2,0$%1%0)! 30!
'/)1$*#!'/!g;')#-0).!_UUa.!$%&9!SSchP!!
!! '/*'$#!,0/!+'$#,04*1(',!1*!'('530,.!(1!$+&'N1!-2$%)'.!
I0&(')*1(.! H*#! 1*! J'4,#*.!:#&2>#! g_USchP, $%&'()*0A()>)*1&2), ')B.()C<0'*1), =-)>L06&2+P, 0'-029!
:#61$%&$('!/05'9!;'+0&P!W<!<Ak9!
QQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQ!
Sa!!
!! (#('!+'$#,04*1(!/'N1)53#!-2$%)'!%0&!
!! #/#+%#?13$(0!+'$50/1?0!/'5'-0*06#!-2$%)#9!
H)%'&1?#! ;')#-0)! g_UUah! %&/1.! /#! $0! )+51)! -2$%0)! *#! +'$#,04*1(')'! +&15#6#3#*30!
'('532!*#3='53!(#N0!)!(&1%1-*17!$1%2#?13#7!'41&',#!/'6'/(17.!)!(#%0&0!30!%#!)+50%0*9!;&1%1-*0!
$1%2#?130!+&0/$%#)53#3'!8&2$%&#?130.!('*851(%.!(&14#.!$%&0$!1*!)+51)#3'!*#!+'$#,04*1(#!%#('.!
/#!*#-*03'!*306')'!+$171-*'!&#)*')0$30!1*!'$0=*'$%9!!
E%&'(')!-2$%)0*1!)'3!$0!4#-*0!1*!)13#!N0!'/!&'3$%)#!/#530!$!%0,.!(#('!/'N1)53#!
=51N*30.! *317')'! 26'/30! #51! *026'/309! L2$%)#! $'! +&1/'=530*#! 4! *306')1,1! '$0=*1,1!
14(2>*3#,1.!+&1)46'30*#!1*!*#2-0*#!)!/&2N=0*'!(25%2&*0,!'('5329!G'!'/41)1!*#!/&#N53#3.!
4#!)$#(1,!-2$%)',!30!*0(#!14(2>*3#!#51!/'6'/0(!gf('850(.!_UUjh9!
E%&'(! 0,'?1'*#5*0!,'%*30! 5#7('! (#N0! 4! 0($%0&*#5141&#*1,! )0/0*30,.! (1! )(532-230!
#6&0$13'.!+&0%0+#*30!1*!&#)*#*30!*#)4)0*.!#51!4!1*%0&*#5141&#*1,!)0/0*30,.!('%!$'!%0$*'=#.!
$'?1#5*1!2,1(!1*!/0+&0$13#!g;'>#(!F#=2/0&.!_UU_h9!
B06#%1)*#!-2$%)0*#!$%#*3#.!('%!$'!$%.!#*($1'4*'$%.!304#!$+&'N13'!=5'(#/'!,1$05*17!
+&'?0$')!%0&!2%&32303'!)0/0*3$(0!&0#(?130!14'61=#*3#.!(1!)$#3!)!%1$%0,!%&0*2%(2!4,#*3>#3'!
'%&'(')'!$%1$('9!X(&#%1!+#!$0!%'!'/&#N#!%2/1!*#!$'?1#5*0,!+'/&'-329!L2$%)0*0!*#+0%'$%1!
$0! '/&#N#3'! +&0('! %0N#)*06#! )0/0*3#.! ('%! $'! #6&0$1)*'$%.! 4#*1(#*30.! 5#6#*30! gF'N1-.!
_UU_h9!!
H)%'&1?#! ;')#-0)! g_UUah! %&/1.! /#! *06#%1)*#! -2$%)#! *#)#/*'! *#$%#*03'.! ('! *1$'!
2$(5#30*#!$!?1530,!1*!$0!+'3#)13'!%0/#3.!('!?153#!*1!,'6'-0!/'$0-1.!'41&',#!$0!*#!+'%1!/'!
'$)'31%)0!+'3#)53#3'!+&0+&0(09! l04#.! $%! 1*! %0$*'=#.!(&1)/#! 1*! $&#,.! N#5'$%.! 4#)1$%! 1*!
532='$2,30!%0&!6*2$!$'!*06#%1)*#!-2$%)#.!(1!)051('!,'-*030!)+51)#3'!*#!+'$#,04*1(')'!
/'N1)53#*30!1*!*306')'!+&15#6#3#*30!'('532!('%!+'41%1)*#!-2$%)#9!@0*/#&!+#!+&#)!+'41%1)*#!
-2$%)#!','6'-#3'!$+'4*#)*'!/03#)*'$%.!/05')*'!2-1*(')1%'$%.!'$0=*'!1*%06&1&#*'$%! 1*!
)4+'$%#)53#*30! 50+17!'/*'$')!$!$'?1#5*1,!'('530,9!:0/*30!2)&>-#,'!)0$0530! 1*!$&0-'.!
+'*'$! %0&! 532=040*9! B06#%1)*#! -2$%)#! 4,#*3>2303'! +&0/)$0,! +'$#,04*1(')'!
$#,'$+'>%')#*30.!,0/%0,!('!6#!+'41%1)*#!*#)#/*'!+')0-2303'9!
!"6"!$7.1$1*$)*<*+1*B$$
@0/0*30! 30!+'$50/1?#!42*#*317!$1%2#?13$(17!/'6#3#*3.!/'6#3#*3!)!'/*'$17.!*'%&#*317!
/'N1)53#*3!'41&',#!0,'?13.!(1!+')4&'-#3'!)1/*0!'/41)0!1*!31,!+&#)1,'!)0/0*3#9!@0/0*30!30!
%'.! (#&! +&1! '$0=1! )1/1,'! 1*! *#! (#&! $0! '/4')0,'9! B#! )0/0*30! )+51)#3'! +&0%0(5'$%! '49!
I0&(')*1(.! H*#! 1*! J'4,#*.! :#&2>#! g_USchP, $%&'()*0A()>)*1&2), ')B.()C<0'*1), =-)>L06&2+P, 0'-029!
:#61$%&$('!/05'9!;'+0&P!W<!<Ak9!
QQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQ!
ST!!
$+',1*1.!$0/#*3'$%!'49!4*#-15*'$%1!%&0*2%*0!$1%2#?130!1*!+&17'/*'$%!'49!*#>0!N0530.!$%')1.!
+&1-#(')#*3#!g;'='5%.!J#+2>!<#)05.!_UUjh9!
@0/0*30! 30!+&1/'=530*'.!'%&'(!+#!$0!6#!*#2-1! %2/1!$!+'$*0,#*30,.! 1/0*%181(#?13'!4!
'$0='.! +'2-0)#*30,.! 14(2>*3#,1! 1*! &#?1'*#514#?13'!,1,1(0.! (&0%0*3.!6')'	!"!*31,!$0!
14&#N#!*#)4)0*!%0&!)4+'$%#)53#!1*!)4/&N230!'/*'$0!1*!$%1(0!gf('850(.!_UUjh9!
L2$%)#!1*!)0/0*30!$'!,0/$0='3*'!$''/)1$*1!1*!+')04#*19!B#*#>#3'!$0!*#!+&0%0(50!
14(2>*30! 1*! $0/#*3#! +&1-#(')#*3#! %0&! $'?1#5*1! +'5'N#3! )! ǃ-*17! $'?1#5*17! '('53179! E!
%0N#)#7O,'%*3#7! 6')'&1,'.! (#/#&! )0/0*30! *0! ,'%1! +'$#,04*1(')06#! )'3#! 1*! *1!
,'%0-0!4#!'('51?'9!C0N#)0!$'!5#7('!+&07'/*0!1*!317!+'$#,04*1(!5#7('!'=)5#/#9!L0!+#!
$0! %0N#)0! 4#&#/1! '('53#! 1*! '/*'$').! (1! 317! 1,#! +'$#,04*1(.! +'*#)53#3'! 1*! +'$%#*03'!
$%#=15141&#*0.! +&0&#$%03'! )! ,'%*30.! (1! $'!,'%0-0! %#('! 4#! +'$#,04*1(#! ('%! 4#! '('51?'!
g:0%53#(.!;'='5%.!<'%'-*1(.!_USUh9!
@0/0*30!5'-1,'!'/!-2$%0)!+'!%0,.!/#!6#!5#7('!$51>1,'!1*!)1/1,'.!-2$%0)!+#!*09!@$#('!
)0/0*30! 30!*#2-0*'! 1*!*0!$1$%0,#%1-*'.! %2/1!*0N050*'.! %0&!6#! 5#7('!+')4&'-13'! ǃ-*1!
/03#)*1(1! g*+&9! )0$0530.! $%h9! B#! )0/0*30! )+51)#3'! =1'5'>('M)0/0*3$(1.! $'?1#5*1.!
=07#)1'&1$%1-*1! 1*! 8141-*1! '('53$(1! /03#)*1(19! @0/0*30! $0! )0/*'! 5#7('! $+&0,0*1! gG%'>1m.!
_USah9!!
@4'&?1!)0/0*3#!*1$'!+'$50/1?#!$5#=0!)46'30!'41&',#!*02$%&04*06#!&#)*#*3#!$%#&>0)!
n!*0+&15#6'/531)'!)0/0*30!30!+&1!'%&'(2!)051('!='53!(',+50($0*!+'3#)!1*!)4&'(1!4#*3!$'!5#7('!
405'!ǃ-*19!"#%'!%2/1!*1!*'=0*06#!+&1$%'+#.!(1!=1!=15!+&1,0&0*!4#!)$0!'%&'(0!4!)0/0*3$(1,1!
%0N#)#,1O,'%*3#,1!ge&00*.!Sjjjh9!
I'Z50Y30)#! g_UUc.! $%&.! dTndch! +&#)1.! /#! 30! %&0=#! *,0%1! -'60.! 4#(#3! $0! +&1!
/)050%*0,!'%&'(2!+'3#)53#3'!%0N#)*0!'=51(0!)0/0*3#!1*!(#3!$0!/'6#3#!)!'4#/32!%#(>*06#!
)0/0*3#P!
!! +$17'5'>(1!'/,1(P!'%&'(!$0!4#-0*3#!5'-0)#%1!'/!'/&#$517!%0&!'/(&130.!/#!5#7('!+')0.!
(#3!7'-0q!
!! 8141-*1!'/,1(P!'%&'(!$0!$!8141-*1,!)'30,!+'-2%1!,#*3!'/)1$*06#!'/!$%#&>0)9!G!%0,.!
('! 4#-*0! 7'/1%1.! 26'%')1.! /#! $0! 5#7('! +&0,1(#! =&04! *317.! ('! $0! *#2-1!6')'&1%1.! +#!
26'%')1.!/#!5#7('!14&#N#!$)'30!N0530!1*!)4%#!+&1!*317q!
!! 4#)0/#*30!$#,06#!$0=0P!'%&'(!'/(&130.!/#!$0!5#7('!)0/0!%#('.!('%!7'-0!$#,.!%0&!4!
)'30,!'$0=*'$%1!26'%#)53#.!(#3!,2!30!)>0-!1*!(#3!*0q!
!! $+'$'=*'$%!&0-1!*0q!
!! 2-0*30!+&#)15q!
I0&(')*1(.! H*#! 1*! J'4,#*.!:#&2>#! g_USchP, $%&'()*0A()>)*1&2), ')B.()C<0'*1), =-)>L06&2+P, 0'-029!
:#61$%&$('!/05'9!;'+0&P!W<!<Ak9!
QQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQ!
Sd!!
!! +&014(2>#*30!,03#P!'%&'(!'/(&1)#.!(#3!$0!46'/1.!('!$(2>#!+&0$0-1!,030!/')'530*06#q!
!! '/(&1)#*30! 5#$%*0!,'-1P! '%&'(! $0! +&1-0*3#! 4#)0/#%1.! (/#3! '/&#$50! *#35#N0! $+&#)1! )!
4#/&06'!1*!%#('!/'$0N0!$)'30q!
!! 2)053#)53#*30!$)'317!4#7%0)P!'%&'?1!$0!2-13'!+'-#(#%1!n! *,0%1.! /#!*317')1!N0531!*0!
,'&0!)0/*'!$50/1%1!%#('3>*3#!14+'5*1%0)q!
!! )4=23#*30!+'4'&*'$%1P!'%&'(!+&1-*0!)4+'$%#)53#%1!+')04#)0!,0/!$)'31,!+'-0%30,!1*!
'/41)1!$%#&>0)q!
!! +'5'N0*30P!('!30!'%&'(!5#-0*.!2%&230*.!)4*0,1&30*.!$0!='!)0/05!='53!%0N#)*'9!
B#! )0/0*30! )+51)#3'! ǃ-*1! /03#)*1(1! '%&'(')06#! )'3#9! @! *#/#530)#*32! $'!
+&0/$%#)530*1!%#('.!('%!317!30!/081*1#!:1550&30)#!g_UUU.!$%&9!ScdnScVh9!
!! A6'?0*%&140,!'41&',#!2$,0&30*'$%!*#$0.!(1!30!+&1!'%&'(2!*#&#)0*!1*!*,531)!+'3#)9!
B#5'6#! %1$%06#.! (1! )46#3#.! 30.! /#! ,2! +',#6#! +&0&#$%1! 06'?0*%&140,! 1*! 6#! *#2-1!
$'?1#5*17!)0>-1*.!/#!='!4*#5!2+'>%0)#%1!/&2609!
!! E%&'(!*0!,'&0!2+'>%0)#%1!)$07!'('51>-1*!#51!'?0*1%1!$1%2#?130!4!ǃ-*17!4'&*17!('%')9!
!! E$&0/'%'-0*'$%! *#! 8141-*1! $)0%.! $#3! ,5#3>1! '%&'(! $1%2#?130! $+'4*#)#! +&0/)$0,! $!
$)'31,1! -2%151.! /#! 317! *,09! "#%'! ,''! =1%1! '/41)1! *#! *0+&1,0&*'! )0/0*30!
*0+'$&0/*1!1*!%#('3>*319!
!! E%&'(!%0N('!5'-230!,0/!/',1>5313'!1*!&0#5*'$%3'9!
!! E%&'(! 30! &#*531)! 1*! '=-2%531).! '/)1$0*! '/! '/&#$5179! L0! ='/'! '/&#$51! 4#/')'530)#51!
*306')0!+'%&0=0.!$0! 5#7('!$+&'$%1! 1*!2N1)#.!)!*#$+&'%*0,!+&1,0&2!+'$%#*0!*#+0%9!
E%&'?1.! (1! *0! )1303'! 4#2+#*3#! )! '/&#$50.! +'$%#*03'! *06'%')1.! 7(&#%1! +#! *317')'!
)0/0*30!5#7('!+'$%#*0!2(#4')#5*'.!#6&0$1)*'.!='30)1%'.!*0!2+'>%0)#3'!+&#)15!1*!,039!!
!! C0,+0&#,0*%.!(1!30!+&1&'30*!1*!)+51)#!*#!'%&'(')'!+&15#6#3#*309!
<&#)! %#('! %2/1! ;'='5%')#! 1*! J#+2>! <#)5')#! g_UUjh! %&/1%#.! /#! 30! )0/0*30! +&0+50%!
ǃ-*17!/1*#,1-*17!+&'?0$').!)!(#%0&0!$'!)+50%0*1P!
!! +'$#,04*1(')0!'?0*0!%&0*2%*0!$1%2#?130.!!
!! 26'%')1%)0.!#51!30!%#!$1%2#?13#!4#*3!/'=&#!#51!'6&'N#3'-#.!!
!! '=-2%3#.! #51! $1%2#?13'! '=)5#/#! #51! *0! 1*! $0! 31! 2,#(*0! '41&',#! $0! *#*3'! #6&0$1)*'!
'/4')0.!!
!! '=-2%3#.!#51!$'!+'$#,04*1(')0!+'%&0=0!4#/')'530*0!#51!*0+'%0>0*0.!!
!! /'$0/#*30!14(2>*30!1*!!
!! '/*'$1!$!+',0,=*1,1!'$0=#,19!
) )
I0&(')*1(.! H*#! 1*! J'4,#*.!:#&2>#! g_USchP, $%&'()*0A()>)*1&2), ')B.()C<0'*1), =-)>L06&2+P, 0'-029!
:#61$%&$('!/05'9!;'+0&P!W<!<Ak9!
QQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQ!
Sc!!
6U_)/HD:LI<@<)K:)I:=>:IH@)VB=>LHIFNLHCHID=@<])>H^:LQGF>HID)!
B#! *#$%#*0(! -2$%)0*'M)0/0*3$(17! %0N#)O,'%0*3! )+51)#! )051('! /03#)*1(').! (1! $'!
+&0/$%#)530*1!)!*#/#530)#*32!g<'+')1m.!_USU.!$%&9!SbnSah9!
!! D03#)*1(1! )! /&2N1*1P! $5#=1! 1*! -2$%)0*'! +*1! '/*'$1! ,0/! '%&'(1! 1*! $%#&>1.!
*04#1*%0&0$1&#*#! )46'3#! $%#&>0)! /'! '%&'(.! '/$'%*'$%! *#/4'&#! *#/! '%&'(',.!
#5('7'5140,.! +&0$%'+*1>%)'! #51! /&26#! +$17'$'?1#5*#!,'%*3#! +&1! $%#&>17.! *02$%&04*1!
/&2N1*$(1!)4'&?1!4#!2-0*30!,'*17!*'&,!1*!$'?1#5*06#!)0/0*3#!'%&'(#9!
!! D03#)*1(1! )! '%&'(2P! 4*#-#3$(0! 5#$%*'$%1.! ('%! 30! %0,+0&#,0*%.!,#*3>#! $+'$'=*'$%!
+&0,#6')#*3#!*02$+07')! 1*!('*851(%').! )0-3#!'=-2%531)'$%! 4#!*026'/*#!/'N1)0%3#.!
$+&030,531)'$%!4#!$5#=0!)+51)0.!*04&05'$%!'%&'(#!4#!2-0*30!)0/0*3$(17!*'&,.!+&1,0&*17!
*306')1!$%#&'$%1.!*0,1&*'$%9!
!! D03#)*1(1!>1&>06#!'('53#P!+')0-#*1!/&2N=0*1!+&1%1$(19!
!! D03#)*1(1! $(2+1*0.! &0/#.! (1! 6#! '=1$(230! '%&'(P! (#(')'$%! 1*$%1%2?130! ('%! $'?1#5*0!
'&6#*14#?130.!/05')#*30!)46'31%053#!'49!2-1%053#!)!$(2+1*1.!'/*'$1!$!$')&$%*1(19!
G7#+1&'! g_UUb.! $%&9! Sdn_dh! %&/1.! /#! 30! *#! *0(#%0&0! /03#)*1(0! 5#N30! )+51)#%1! ('%! *#!
/&260.!)0*/#&!+#! 5#7('!$!+&0)0*%1)'!4,#*3>#,'!+&#)!)$#(06#9!D03#)*1(1! %)06#*3#!$'!
*#)0/0*1!)!*#/#530)#*329!
!! E%&'(')#!-2$%)0*#!1*%05160*?#P!&#)0*!-2$%)0*06#!$%&0$#!+&1!'%&'(2.!(1!5#7('!$+&'$%1!
#6&0$1)*'!)0/0*309!<')04#*#!30!4!/05')#*30,!,'N6#*')!1*!N1)-*1,!$1$%0,',9!
!! C0,+0&#,0*%P! 30! 60*0%$('! /'5'-0*! 1*! ,0/! '%&'(')1,! )'30,! )! 65#)*0,!
*0$+&0,0*531)9!@0*/#&!+#!6#!30!4!46'/*31,!+'$06',!1*!*0N*'!)'/531)'$%3'!1*!%&2/',!
$%#&>0)!,'6'-0!$+&0,0*1%19!
!! B#-1*!)46'30P!$%#&>1!'%&'(.!(1!'/&#>-#3'!)!+&0)0-!#)%'&1%#&*17!#51!+&0)0-!+0&,1$1)*17!
/&2N1*#7!%)06#3'.!/#!='/'!1,051!*317')1!'%&'?1!-2$%)0*'M)0/0*3$(0!%0N#)0O,'%*309!`0!
#)%'&1%#%1)*1! *#-1*! )46'30! 2$%)#&3#! &#)*'%0N30! ,0/! #)%'&1%#&*1,! 1*! +0&,1$1)*1,!
'4&#-30,9!C2!$'!+&#)15#!1*!,030!3#$*'!+'$%#)530*0.!$%#&>1!+#!'%&'(0!(532=!%0,2!4*#3'!
+'$52>#%1.!$+'>%')#%1!1*!31,!/#303'!,'N*'$%!$#,''/5'-#*3#.!(#/#&!30!%'!,'N*'9!
!! C0N#.! )1>1*#! 1*! '%&'(')#! %050$*#! 46&#/=#P! %050$*1! )1/04! )+51)#! *#! +'-2%30! '%&'(.!
/0(51?0! $'! +'! *#)#/1! ='53! (&1%1-*0! /'! $)'306#! %050$#! ('%! /0-(1.! ,0/131! 2$%)#&3#3'!
o1/0#50p.!(1!$'!)!*#$+&'%32!4!&0#5*'$%3'9!
!! G+'5P! )+51)#! *#! )&$%'! -2$%)0*'M)0/0*3$(17! %0N#)O,'%0*3.! (1! $0! 5#7('! +'3#)13'! +&1!
'%&'(29! D0-(1! 1,#3'! )0-! -2$%)0*'M)0/0*3$(17! %0N#)O,'%0*3! +&0/! /'+'5*30*1,!
/)#*#3$%1,! 50%',.!,0/%0,!('! 1,#3'!/0(51?0! )0-! %0N#)O,'%0*3! )!+2=0&%0%19!@0-1*#!
I0&(')*1(.! H*#! 1*! J'4,#*.! :#&2>#! g_USchP, $%&'()*0A()>)*1&2), ')B.()C<0'*1), =-)>L06&2+P, 0'-029!
:#61$%&$('!/05'9!;'+0&P!W<!<Ak9!
QQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQ!
SV!!
/0-(')!1,#!)0-!%0N#)!4!,'%*3#,1!('*?0*%&#?130!#51!-2$%)0*'M)0/0*3$(1,1!%0N#)#,1.!
/0(51?0!+#!1,#3'!)0-(&#%!/0+&0$13'!1*!,'%*30!+&07&#*30)#*3#9!
!! G%#&'$%P! 6&#/*1(1! '%&'(')06#! ,0*%#5*06#! 4/&#)3#! $0! 4#-*03'! +'$%#)53#%1! )!
*#346'/*03>0,!'=/'=32!1*!$0!*#/6縯'!/'!+2=0&%0%0!1*!>0!*#+&039!E%&'(!+#!30!)!
)$#(1!$%#&'$%1!/')40%0*!4#!/&26#-*0!%0N#)0.!+&1!-0,0&!$0!&0$*03>0! %0N#)0O,'%*30!
+'(#N03'!+&1!$%#&03>179!
!! K*%05160*-*1!('51-*1(P!'%&'?1!4!)1>31,1!('6*1%1)*1,1!$+'$'=*'$%,1!1,#3'!,#*3!,'N*'$%1!
4#! +'3#)! %0N#)O,'%0*3! ('%! %1$%1! 4! *1N31,19! E%&'?1! 4! *1N31,! 1*%05160*-*1,! ('51-*1(',!
,''!)!/05'!1*!2-0*30!)5'N1%1!)0-!%&2/#.!-0!N0513'!2$+0%1!1*!'$%#%1!*#!&#)*1!+')+&0-*17!
)&$%*1(')9! @0*/#&! +#! 5#7('! -2$%)0*#! 1*%05160*?#.! (#,'&! $'/13'! ,'%1)1&#*'$%.!
'+%1,1$%1-*1! +'650/! *#! N1)530*30! 1*! +&13#4*'$%.! '%&'(',!+',#6#!+&1! 1$(#*32! +'%1! 4#!
2=5#N1%0)!('6*1%1)*17!$5#='$%19!
!! G+#*30P!+',#*3(#*30! $+#*3#! 5#7('!)+51)#!*#! &#)*'%0N30!=1'(0,1-*17!050,0*%')! )!
%050$2.!(1!2&#)*#)#3'!'%&'(')'!+'5'N0*30!1*!)0/0*309!X(&#%1!+#!30!%2/1!+',#*3(#*30!
$+#*3#! $%#&>0)! )053#! ('%! 0/0*! 14,0/! /03#)*1(')! %)06#*3#! 4#! '%&'(')0! -2$%)0*'M
)0/0*3$(0!%0N#)0O,'%*309!B0*#$+#*1!$%#&>1!*0!,'&03'!=1%1! %#('!2$+0>*1!)46'31%0531.!
('%!=1!5#7('!=151.!-0!=1!=151!$+'-1%1!1*!*#$+#*19!
!! <&07&#*#! 1*! 61=#*30P! $5#=#! +&07&#*#! 1*! +',#*3(#*30! 61=#*3#! )+51)#%#! *#!
+'5'N0*30.!('*?0*%&#?13'.!/05'!1*!'%&'(')!$'?1#5*1!)'39!<',#*3(#*30!61=#*3#!1*!
$5#=0!+&07&#*30)#5*0!*#)#/0!)+51)#3'!*#!'%&'(')! 1,2*$(1! $1$%0,! %0&! 4#4*#,2303'!
*306')'!4/&#)309!
!! <')04#*'$%!/&2N1*0!1*!'=-2%0(!+&1+#/*'$%1P!-#$.!(1!6#!$%#&>1!*#,0*13'!'%&'(2.!1*!%1$%1.!
('!$0!/&2N1*$(1!-5#*1!4=0&03'!$(2+#3.!','6'-#.!/#!$0!)$1!+'$)0%13'!/&26!/&260,29!!
!! G+'&1! $%#&>0)P! +&0+1&1! $%#&>0)! +'$%#*03'! /03#)*1(! %)06#*3#! 4#! '%&'(0! %0/#3.! ('! $0!
+'*#)53#3'!1*!*317')!+50%!*1!&0>1%0)!+&'=50,#!#51!'+&#)1-15'9!L0!+&0+1&!$+&0,53#%#!
(&1-#*30!#51!6&'='!)0/0*30.!$'!'%&'?1!>0!='53!'6&'N0*19!!
!! @(532-0)#*30!)!N1)530*30!)!$(2+*'$%1P!'%&'?1.!(1!$'!$'?1#5*'!'$#,051.!$'!/')40%*03>1!4#!
%0N#)0.!('%!$'!/0+&0$13#.!/&2N=0*'!*0$+&030,531)'!)0/0*30!1*!/&26'9!G%#&>1!,''!
'%&'(0!2$,0&3#%1!(!/052!)!$(2+*'$%19!G(2+1*0.!(1!$0! 317!'%&'(!2/050N230.!,2!/#303'!
'=-2%0(!+&1+#/*'$%1!1*!('&1$%*'$%19!
<&#)!%#('!e#50>#!gSjjTh!%&/1.!/#!)0-!'('53$(17!8#(%'&30)!)+51)#!*#!'%&'(')!)'39!:0/!
*31,1!*#)#3#!/03#)*1(0!)!/&2N1*1.!(1!)!)051(1!,0&1!)+51)#3'!*#!'%&'(#P!
!! $'?1#5*'0('*',$(1! $%#%2$! /&2N1*0! g14'==#.! +'(51?.! '$0=*1! /'7'/0(.! 1,0%30.!
$%#*')#*30.!'+&0,530*'$%!$%#*')#*3#!rh.!
!! 4/&#)$%)0*'!$%#*30!/&2N1*$(17!-5#*').!
I0&(')*1(.! H*#! 1*! J'4,#*.! :#&2>#! g_USchP, $%&'()*0A()>)*1&2), ')B.()C<0'*1), =-)>L06&2+P, 0'-029!
:#61$%&$('!/05'9!;'+0&P!W<!<Ak9!
QQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQ!
Sj!!
!! '/*'$1!,0/!/&2N1*$(1,1!-5#*1!1*!)4/2>30!)!/&2N1*1.!
!! '/*'$!$%#&>0)!/'!'%&'(#!1*!*306')#!)5'6#!)!/&2N1*1.!
!! '/*'$1!,0/!*31,!1*!*306')1,1!=&#%1.!$0$%&#,1.!
!! N1)530*3$(#!*#&#)*#*'$%!$%#&>0).!
!! ='504*1!1*!%0N#)0!)!/&2N1*19!
@0*/#&!+#!<'+')1m0)#!g_USUh!+1>0!%2/1.!/#!(532=!,*'61,!/03#)*1(',.!(1!+&1$+0)#3'!
(! *#$%#*(2! -2$%)0*'M)0/0*3$(17! %0N#)O,'%0*3.! *'=0*#! '/! *#)0/0*17! '('51>-1*! *0!
4#/'>-#!4#!*,0)#*30!*#$%#*(#!50M%079!"#!*#$%#*0(!30!+',0,=0*!$+50%!/03#)*1(')!1*!
/'6#3#*3.!(1!+#!$'!+&1!)$#(0,!'%&'(2!/&26#-*19!!
@4&'(1.!4#&#/1!(#%0&17!-2$%)0*'M)0/0*3$(0!%0N#)0O,'%*30!*#$%#*03'!gf('850(.!_UUj.!
$%&9!VnjhP!
!! =1'5'>(1P!60*$(#!'$*')#!g%050$*0!1*!/2>0)*0!/1$+'41?130hq!
!! *026'/*1!)+51)1!'('53#P!g$5#='!0('*',$('!$%#*30!/&2N1*0.!*14(#!14'==#!$%#&>0).!
(25%2&*0! 4*#-15*'$%1! /&2N1*0.! =&04+'$05*'$%.! #5('7'5140,.! *#+0%1! '/*'$1.! &141-*1!
)46'3*1!$%151.!)46'3*'!#51!-2$%)0*'!4#*0,#&3#*30hq!!
!! '&6#*$(0! $+&0,0,=0! '49! +'>('/=0! N1)-*06#! $1$%0,#.! (1! '%&'(2! '%0N2303'!
/'4'&0)#*30.!)46'3'!1*!#/#+%#?13'!)!'('532!g,'N6#*$(0!+'>('/=0.!0+150+$130h9!
<'+')1m0)#! g_USU.! $%&9! STh! +1>0! %2/1! '! ='5040*$(17! '49! 4/&#)$%)0*17! /03#)*1(17.!
4#&#/1! (#%0&17! 5#7('! +&1/0! /'!,'%0*3!,'N6#*$(06#!/05')#*3#! 1*! (1! )+51)#3'! *#! )'3!
-2$%)0*'M)0/0*3$(17!%0N#)O,'%0*3!+&1!'%&'(29!
!! B026'/*1!)+51)1!,0/!*'$0-*'$%3'!$'!5#7('!(&)#)1%)0!14!,#%0&*1?0!)!4#/*317!,0$0?17!
*'$0-*'$%1.! ǃ-*#! '='50*3#! ,#%0&0! )! -#$2! *'$0-*'$%1.! *+&9! '='50*30! 50/)1?.!
&0*%60*$('! '=$0)#*30.! 2N1)#*30! 4/&#)15.! )1&2$*#! '='50*3#! #51! +#! *04#/'$%*#!
+&07&#*#9!!
!! E=+'&'/*0!'()#&0!$0!5#7('!+'3#)13'.!-0!30!+5'/!*0/'*'>0*!#51!+&0*'>0*.!-0!30!+'&'/!
(',+51?1&#*.!-0!$0!*')'&'30*-0(!'=!+'&'/2!/2>1.! 1,#!,'N6#*$(0!(&)#)1%)0.!72/'!
'=+'&'/*'!45#%0*1?'9!
!! @!+&)17!50%17!N1)530*3#.!-0!+&1!'%&'(2!+&1/0!/'!)*0%3#!,'N6#*$(17!,&0*!#51!,'N6#*').!
1,#!72/0!&0#(?130!*#!?0+1)'.!30!$+5'>*'!+&14#/0%!4#&#/1!#(2%*17!='504*1.!1,#!72/0!
+&0$*')*0!,'%*30.!+'*#)53#3'-0!$0!(&-0!)!+&)17!50%17!N1)530*3#.!ǃ-*#!='5040*$(#!
$%#*3#.!(1!317!$+&0,53#!+',#*3(531)#!+&0$(&=#!,'N6#*')!$!(1$1(',!g#$%,#.!'$5')$(1!
(#>053.!*#+#/1!/2>0*3#!1*!+','/&0)#*3#h.!,'N6#*$(1!+&0%&0$1!#51!+'>('/=09!
I0&(')*1(.! H*#! 1*! J'4,#*.! :#&2>#! g_USchP, $%&'()*0A()>)*1&2), ')B.()C<0'*1), =-)>L06&2+P, 0'-029!
:#61$%&$('!/05'9!;'+0&P!W<!<Ak9!
QQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQ!
_U!!
;532=! %0,2! +#! ='5040*$(1! /03#)*1(! +&1! 0*0,! '%&'(2! 5#7('! +')4&'-1! =5#6'!,'%*3'!
,'N6#*$(06#!/05')#*3#.!+&1!/&260,!%0N3'!+&14#/0%'$%.!+&1!*0(#%0&17!+#!*0!='!+2$%15!*1%1!
$50/')9! "#%'! 30! %&0=#! *#&0/1%1! +$17'5'>(0.! ,0/1?1*$(0! 1*! $+0?1#5*'! +0/#6'>(0!
/1#6*'$%1-*0! +&0650/0.! +&0/0*! '%&'(2! +&1+1>0,'! ,'%*30! ,'N6#*$(06#! /05')#*3#!
g<'+')1m.!_USUh9!
H)%'&!R#6#&!g_US_h!+1>0.!/#!30!+&1!'%&'?17!$!-2$%)0*'M)0/0*3$(1,1!%0N#)#,1O,'%*3#,1!
%&0=#! 26'%')1%1! )4&'(0.! 4#&#/1! (#%0&17! $'! *#$%#50! *317')0! %0N#)0O,'%*30.! >0! +&0/0*! 317!
$(2>#,'!&0>0)#%19!C0!)4&'(0!5#7('!1>-0,'!+&0('!ǃ-*17!('*?0+%2#5*17!,'/05')!R#6#&!
g_US_! )! D1?0.! Sjjb! 1*! )! ;#+5#*.! SjjT.! $%&9! TcnTjh9! C1! $'! +'/&'=*030! '+1$#*1! )!
*#/#530)#*329!
!! <$17'/1*#,1-*1!,'/05!'=&#)*#)#!'/(5'*$('!)0/0*30!('%!+'$#,04*1(')!*0&0>0*!
('*851(%.! 4#%'! &0>0)#*30! '%&'(')17! -2$%)0*17! %0N#)O,'%0*3! %0,0531! *#! $+'/=23#*32!
14&#N#*3#!+'$#,04*17!-2$%0)!+&0('!16&0!)5'6.!&1$#*3#.!$51(#*3#!%0&!8141-*0!#(%1)*'$%19!
G!%0,!$0!'%&'?1!4*0=13'!+'%5#-0*17!-2$%0)9!
!! F1'8141(#5*1!,'/05!+')04230!)0/0*30!4!60*0%$(1,1!/03#)*1(1.!+'>('/=#,1!?0*%*06#!
N1)-*06#!$1$%0,#.!#50&613#,1.!$5#='!/0523'-1,!,0%#='514,',9!C'!$'!)051('(&#%!)4&'(1!
4#!ǃ-*0!)&$%0!,'%0*3.!('%!$'!/0+&0$13#.!#)%140,.!71+0&#(%1)*'$%!1*!/&26'9!<&1!%0,!
,'/052!+'$&0/')#*30!1*!&0>0)#*30!%0N#)O,'%0*3!'/+&#)53#,'!$!%050$*'!)#/='.!/10%'.!
%0&#+13'!$!+$17'%&'+*1,1!$&0/$%)1!#51!(1&2&>(1,1!+'$0619!
!! @0/0*3$(1!,'/05!+&0/+'$%#)53#.!/#!$0!)0/0*30!'=51(230! 1*!'7&#*3#!+&0('!+'$50/1?.!
4#%'! 1*%0&)0*?130! %0,05313'! *#! /081*1&#*32.! '?0*30)#*32! %0&! ,0%'/#7! =050N0*3#!
'%&'(')06#!)0/0*3#.!*#$+&'%*1,!+'6'30)#*30,.!2&*1(',!#(%1)*'$%19!
!! ;'6*1%1)*1!,'/05!'%&'(')'!'/(5'*$('!)0/0*30!'+&0/053230!('%!*04&05#!+&0+&1-#*3#.!
1&#?1'*#5*0!$#,'+0&?0+?130! 1*!*04#/'$%*0!$#,''3#-1%)0.!(1!)'/13'!/'!*02$%&04*17!
-2$%0)! 1*!)0/0*39!<&1! %0,!,'/052! 30!$#,!'/6')'&0*!4#!$)'30!-2$%)0*'M)0/0*3$(0!
%0N#)0O,'%*309!<',#6#,'!,2!5#7('!%#('.!/#!1>-0,'!&0>1%)0!4#!'$0=*0!%0N#)0.!+&1!
/052!+#!,2!+',#6#,'.!/#!$0!='!+'$52N0)#5!$#,''3#-#*3#.!$#,'14'=&#N0)#*3#!1*!
$#,'&0850($1309!!
!! :'/05! $'?1#5*06#! 2-0*3#! +&0/+'$%#)53#.! /#! 30! )0/0*30! *#2-0*'! +&0(! $'?1#5*0!
14,0*3#)0.!)!1*%0&#(?131!4!/&261,1!#51!'+#4')#*30,!1*%0&#(?13!/&2617!532/19!@0/0*30!30!
'/)1$*'!'/!'$0=*17!$+&0,0*531)(.!'('53#!1*!)0/0*3#!$#,06#9!E%&'(2!+&1!%0,!,'/052!
+',#6#,'.!/#!='!4*#5!1/0*%181?1&#%1!*0N050*'!)0/0*30!1*!$0!4#)0/#5!5#$%*17!-2$%0).!
$0!2-15!*#!,'/052!%0&!'+#4')#5!/&260!+'$#,04*1(0.!(#('!*0(#3!$%'&13'!*#!+&1,0&0*!
*#-1*9!E%&'(#!$+'/=23#,'!(!$#,'&06251&#*32!)0/0*3#9!
I0&(')*1(.! H*#! 1*! J'4,#*.!:#&2>#! g_USchP, $%&'()*0A()>)*1&2), ')B.()C<0'*1), =-)>L06&2+P, 0'-029!
:#61$%&$('!/05'9!;'+0&P!W<!<Ak9!
QQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQ!
_S!!
!! A('5'>(1!,'/05!)1/1!)4&'(0!4#!-2$%)0*'M)0/0*3$(0!%0N#)0O,'%*30!)!*0$(5#/32!,0/!
+'$#,04*1(',! 1*! (25%2&'! '41&',#! *0230,#*32! ,0/! *306')1,1! '$0=*'$%*1,1!
5#$%*'$%,1! 1*! 4*#-15*'$%,1! (25%2&09! E/(5'*$('! )0/0*30! *#$%#3#! )! '/*'$2! ,0/!
'%&'(',! 1*! '('530,.! (30&! $%#! +',0,=*#! )051('$%! $(2+1*0! 1*! +&0/+1$#*1! +&'6&#,9!
E%&'(2!=','!+',#6#51.!-0!=','!+&15#6'/151!2-*1!1*!)46'3*1!+&'6&#,.!2-*'!'('530!%0&!
,2!+',#6#51!(&0+1%1!$+&0%*'$%1!4#!/'$06#*30!)0-30!$(5#/*'$%1!4!'('530,9!
!! X2,#*1$%1-*1!,'/05!+&0/+'$%#)53#.!/#!'/(5'*$('!)0/0*30!*#$%#*0!4#&#/1!14(2>0*39!
C0! $'! 5#7('! *'%&#*30.! ('%! $'! '=-2%3#! 1*! -2$%)#.! #51! 42*#*3#.! ('%! $'! #(%1)*'$%1! 1*!
1*%0&0$19! K*%0&)0*?130! +&1! %0,! ,'/052! $0! '$&0/'%'-#3'! +&0/)$0,! *#! '/*'$! ,0/!
'/&#$51,! 1*!'%&'(',9!W-1%0531! %#('!*0!$,03'!=1%1!#)%'&1%#%1)*1.!,''!=1%1!0,+#%1-*1.!
'=41&*1!/'!'%&'(.!/'$50/*1!)!&#)*#*329!C'!='!','6'-15'!'/+&%'!1*!'$0=*'!)4/2>30!)!
$(2+1*1!'49!&0/29!
;*-#*! g_UUdh! %&/1.! /#! 30! (532=! ǃ-*1,! %0'&13#,! 1*! (5#$181(#?13#,! 4#! *#$%#*0(!
-2$%)0*'M)0/0*3$(17! %0N#)O,'%0*3! +&1! '%&'(2! (532-*06#! +',0*#! +&#)! +&0+50%! ǃ-*17!
)4&'(').!(1!$0!('+1-13'!)!+'$#,04*1(2!1*!$'!'/6')'&*1!4#!*#$%#*0(!-2$%)0*'M)0/0*3$(17!
%0N#)O,'%0*3.!(1!$0!(#N03'!)!/&2N=19!
6U`)'I:@<)VB=>LHIFNLHCHID=@<])>H^:LQGF>HID)E?<)E?HCAFJ=@HG)F>?F@B))
L2$%)0*'M)0/0*3$(0! %0N#)0O,'%*30! $0! )! '%&'(')17! )'3*17! 50%17! *0*07*'!
+')0-2303'!1*!$+&0,1*3#3'.!(#&!30!%&0=#!2+'>%0)#%1!+&1!/1#6*'$%1?1&#*32!1*!4/&#)530*329!L0!
%0N#)0!*1$'! 50! 4#-#$*0!#51! (&#%('%*0.!,''!$%#&>1!+'1$(#%1!+','-!2$+'$'=530*06#!
$%&'(')*3#(#!gI715/&0*$!=07#)1'!#*/!0,'%1'*#5!/1$'&/0&$.!_UUjh9!
C0N#)0!)!'=*#>#*32!$0!5#7('!+'3#)13'!+&0/!>0$%1,!50%',!1*!$'!/'56'%*0.!)0*/#&!
317! +&0/! )$%'+',! )! >'5'! %0N('! +&0+'4*#,'! 1*! +'$%#)1,'! /1#6*'4'! gC70! KIDMSU!
?5#$$181?#%1'*! '8! ,0*%#5! #*/! =07#)1'2! /1$'&/0&$.! Sjjbh9! e#&/*0&! 1*! G7#Z! g_UUVh!
*#)#3#%#.!/#!30!)!'=/'=32!'/!U!/'!T! 50%!'=/'=30!71%&06#!)'3#.!('! %0N('!ǃ(230,'!
*'&,#5*'!)0/0*30!'/!*0*'&,#5*06#9!C0N#)0O,'%*30!$'!+'6'$%03>0!)!46'/*30,!>'5$(0,!
'=/'=32! gC70! KIDMSU! ?5#$$181?#%1'*! '8! ,0*%#5! #*/! =07#)1'2! /1$'&/0&$.! Sjjbh.! #!
,'&#,'!=1%1!)$00*'!+'4'&*1!*#!%0N#)0.!(1!*1$'!/05!'=1-#3*06#!)'3#9!
:5#3>1! '%&'?1! $)'317! %0N#)O,'%0*3! +'6'$%'! *0! 4*#3'! #51! *0! ,'&03'! 2=0$0/1%1.! 4#%'!
,'&#,'!=1%1! '/&#$51! +'4'&*1! *#!*317')'!)0/0*30! 1*! $+&0,0,=0!)! )0/0*329!<'(#4#%0531!
%0N#)O,'%0*3!$'!5#7('!g:1550&.!_UUU.!$%&9!_an_ThP!
!! &06&0$13#! #51! )&#-#*30! '%&'(! (! ,#*3! 4&051,! '=51(#,! )0/0*3#P! ,'-0*30! +'$%0530.!
*#4#/')#*30!+&1!%'#50%*17!*#)#/#7.!$0$#*30!+#5?#.!*#4#/')#*30!)!6')'&2q!
I0&(')*1(.! H*#! 1*! J'4,#*.!:#&2>#! g_USchP, $%&'()*0A()>)*1&2), ')B.()C<0'*1), =-)>L06&2+P, 0'-029!
:#61$%&$('!/05'9!;'+0&P!W<!<Ak9!
QQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQ!
__!!
!! $+&0,0,=0! )! )0/0*32! 1*! +'5'N0*32P! *0'=1-#3*#! #6&0$1)*'$%! '%&'(#.! %&,#.!
+&0%1&#*#!+'$52>*'$%.!+&0%1&#*!3'(q!
!! /0+&0$13#P! '%&'(! $0! 14'51&#! 1*! *0! (#N0! 4#*1,#*3#.! +'$%#*0! 4#/&N#*! +&1! /'5'-0*17!
/03#)*'$%17q!
!! *14('! $#,'$+'>%')#*30P! '%&'(! *0*#/*'! +'(#N0! +',#*3(#*30! $#,'4#)0$%1! 1*!
$#,'4#2+#*3#.! (#&! $0! (#N0! )! +&071%&1! '=2+#*'$%1.! 3'(#)'$%1.! /'N1)53#*32! 8&2$%&#?13!
+&0/!')1&#,1.!14=&2717!3040!#51!#6&0$1)*'$%1q!
!! *0*,531)1!1*!+&0%1&#*1!$%')1.!(1!$'!5#7('!+'$50/1?#!&0$*1-*17!/'6'/(')q!
!! %0N#)0!$!('*?0*%&#?13'!1*!4#$(&=530*'$%!'%&'(#!4!/&261,1!$%)#&,1q!
!! 8141-*1! 4*#(1! $%&0$#P! ='50-1*0! )! %&0=272.! 65#)'='51.! *0,1&! )! -#$2! 4#! +'-1%0(! #51!
+&0%1&#*#!4#$+#*'$%9!
;&1%0&131! 4#! 26'%#)53#*30! '41&',#! '?0*30)#*30! '%&'(#! $! -2$%)0*'M)0/0*3$(1,1!
%0N#)#,1O,'%*3#,1!$'!*02$%&04*'!)0/0*30.!*#6*30*'$%!(!,'%*3#,!)!6')'&2.!%0N#)0!+&1!
)4+'$%#)53#*32!2$%&04*17!,0/$0='3*17!'/*'$').!+&0%1&#*'!14(#4')#*30!*06#%1)*17!-2$%0).!
*02(&'%531)'$%.!)4%*'$%!/'5'-0*06#!)0/0*3#!1*!/'N1)53#*3#!ge#50>#.!SjjTh9!
E%&'(! $! %0N#)#,1O,'%*3#,1! *#! +'/&'-32! -2$%)')#*3#! 1*! )0/0*3#! (#N0! ǃ-*0!
$1,+%',0.!('%!$'!gf('850(.!_USUhP!
!! %050$*0! %0N#)0O,'%*30P! %0N#)0! $! 7&#*30*30,.! +&0=#)'.! 145'-#*30,! g+&0%1&#*#!
*0O30>-*'$%.!N03#.!14=1&-*'$%.!/&1$(0.!4#+&%30.!,'-0*30.!=5#%0*30.!='50-1*0!)!%&0=272hq!
!! $5#=0! *#)#/0P! $0$#*30! +&$%').! 6&140*30! *'7%').! )&%0*30! 5#$.! >(&1+#*30! 4! 4'=,1.!
&1%,1-*'!+'41=#)#*30.!%'5-0*30!4!&'(#,1!#51!65#)'!)!41/.!,#$%2&=1&#*30q!
!! 4*#(1! *02$%&04*06#! +&15#6#3#*3#P! +&0%1&#*#! %&,#.! 14=&271! 3040.! /&#N531)'$%.!
#6&0$1)*'$%!g/'!)$06#!1*!)$07.!=&?#*30.!(&1-#*30.!4*#>#*30!*#/!16&#-#,1.!6&140*30.!
%&6#*30!$%)#&1.!?,0&#)'$%.!+5#7'$%.!14&#N#*30!$%')!1*!532='$2,*'$%1.!*0+&0/)1/531)'!
)0/0*30hq!
!! +'*#)53#3'-0! $0! %0N#)0O,'%*30! )! '/*'$17! 4! /&261,1P! $#,'%#&$%)'.! 14'61=#*30!
)&$%*1(',.! +',#*3(#*30! $#,'4#2+#*3#.! ,#5%&0%1&#*30.! 4#$,07')#*30.! 2+'&*1>%)'.!
$%! +&0/! '/&#$51,1.! *02+'>%0)#*30! *#)'/15.! *#6#3#*30.! 1441)#*30.! 6&'='$%! /'!
'/&#$517.!)&$%*1(').!N1)#51.!$%)#&19!
) )
I0&(')*1(.! H*#! 1*! J'4,#*.!:#&2>#! g_USchP, $%&'()*0A()>)*1&2), ')B.()C<0'*1), =-)>L06&2+P, 0'-029!
:#61$%&$('!/05'9!;'+0&P!W<!<Ak9!
QQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQ!
_b!!
6Ua)":JF;:)L?>b:)E?<)F>?F@B)=)VB=>LHIFNLHCHID=@<G<)>H^:L:G<QGF>ID:G<))
B#5'6#!)46'31%053#!30.!/#!$0!+'4#*1,#!'!$%&'(')*17!$52N=#7.!317!$+'4*#!%0&!26'%')1.!$!
(#%0&1,1! $%&'(')*3#(1! $0! )! +&1,0&2! %0N#)O,'%0*3! +')04#%1! 1*! (#%0&1! $'! 2$+'$'=530*1! 4#!
&0>0)#*30!%0N#)O,'%0*3.!(1!317!$&0-230!+&1!$)'30,!/052!g:1550&.!_UUUh9!
<&1!/052!$!+&0/>'5$(1,1!'%&'(1!30!(532-*'!$'/05')#*30!$!$)0%')#5*'!$52N='!%0&!$%#&>19!
@46'31%053!,'&#!+'$(&=0%1!4#!4#6'%#)53#*30!(51,0.!(1!'%&'(',!','6'-#!'+%1,#50*!)'3!
ge#=&')0?.!_USTh9!!
@46'31%0531!)!)&%?2!$'/052303'!4!'%&'(1.!*#-&%2303'!*317')0!#(%1)*'$%1.!317!'+#42303'!1*!31,!
+',#6#3'!+&1!&0>0)#*32!$'?1#5*17!+&'=50,')9!H!(532=!%0,2!30!%0N('!+'$06#%1!)!*317')0!
'$0=*0!$%1$(0.!?05'!%#(&#%.!('!$1%2#?13#!+&01/0!)!)051(!+&'=50,!1*!'%&'(!+'%&0=230!$%&'(')*'!
+','-9!@-#$17!+&'=50,0!+&0+'4*#3'!$#,1.!/&261-!$)'30!$%1$(0!4#2+#3'!'%&'?1!$#,1!#51!
*317')1!$%#&>19!"#%'!30!+',0,=*'.!/#!30!)46'31%053!/05!%1,#.!)!(#%0&06#!$'!)(532-0*1!%2/1!
/&261!+'$#,04*1(1!1*!$'/05#)?1!g:1550&.!_UUU.!$%&9!SdhP!
!! *#/&030*1P!)'/$%)'.!
!! 4/&#)$%)0*1!$%&'(')*3#(1P!+0/1#%&1.!/&2N1*$(1!4/&#)*1(1.!'%&'>(1!4/&#)*1(1.!
!! $%&'(')*3#(1! 4#! ,0*%#5*'! 4/&#)30P! '%&'>(1! +$17'5'61.! $'?1#5*1! /05#)?1.! /&2N1*$(1!
%0&#+0)%1.!
!! $%&'(')*3#(1! 4#! )46'3'! 1*! 14'=&#N0)#*30! %0&! 4#! '%&'(0! $! +'$0=*1,1! +'%&0=#,1P!
$)0%')#5*1!/05#)?1.!8141'%0&#+0)%1.!5'6'+0/1.!
!! $%&'(')*3#(1!4#!3#)*'!)#&*'$%P!6#$15?1!1*!+'51?1$%19!
;'='5%')#!g_USUh!*#)#3#.!/#!$'!'%&'?1!+&1(>#*1!1*!*0!/'=13'!%1$%06#.!(#&!+'%&0=2303'!
4#! $+'/=2/*'! 1*! *,0)#3'-0! )0/0*309! E%&'?1! $! %0N#)#,1O,'%*3#,1! )0/0*3#! 1*!
-2$%)')#*3#! +'%&0=2303'! 4#*0$531)'! '$0='! %0&! *')0! 14(2>*30.! /#! $0! 5#N30! $''-13'! $!
%&#),#,19!!
!"C"#$D,:'20$<*50$)$)/801+0?).-'()*+,$,+'(,(&4,1,$)$;0:0>$0(-02&$'$
>&'()*+0?)*<*+1'2,:,$(*@.).:,A:0(+1.:,$$
<',0,=*#! *#5'6#! )46'31%053#! 30.! /#! +&0+'4*#.! (/#3! $0! 4! '%&'(',! /'6#3#! *0(#3!
*0*#)#/*06#9!@46'31%053!30!*#,&0-!%1$%1.!(1!4!'%&'(',!+&0N1)1!)0-31!/05!/*0)#!1*!5#7('!'+#41!
$+&0,0,=0!)!*306')0,!)0/0*329!@-#$17!30!%0N('!5'-1%1!,0/!)0/0*30,.!(1!30!'=1-#3*'!)!
+'$#,04*1! )'3*1! $%'+*31.! #51! )0/0*30,.! (1! '+'4#&3#! *#! &0$*03>1! +&'=50,! 1*! 4#7%0)#!
2$%&04*'!$%&'(')*'!+'$&0/')#*309!;0&!,5#3>1!'%&'?1!+'6'$%'!*0!4*#3'!2=0$0/1%1! $)'317!
I0&(')*1(.! H*#! 1*! J'4,#*.! :#&2>#! g_USchP, $%&'()*0A()>)*1&2), ')B.()C<0'*1), =-)>L06&2+P, 0'-029!
:#61$%&$('!/05'9!;'+0&P!W<!<Ak9!
QQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQ!
_a!!
%0N#)O,'%0*3!#51!+'5'N0*3.!,'&#!=1%1!)46'31%053!+'4'&0*!*#!*317')'!)0/0*30!1*!,'&0=1%*0!
$+&0,0,=0!g:1550&.!_UUUh9!!
<&#)!%#('!30!+',0,=*'.!/#!$0!)46'31%053!$+&'%1!14'=&#N230!'!+&'=50,17!1*!$1%2#?13#7.!
$!(#%0&1,1!$0!+&1!$)'30,!/052!$''-#!+&0/)$0,!%#('.!/#!g:1550&.!_UUU.!$%&9!SdnSVhP!
!! '=1$(230!$%&'(')*#!$&0-#*3#.!
!! $0!2/050N230!('*80&0*?!#51!/05#)*1?.!
!! +&0=1&#!51%0&#%2&'.!
!! $0!+'6')#&3#!1*!1>-0!$%1(0!$!$%&'(')*3#(1!/&2617!+'/&'-13.!
!! '+#4230!$'/05#)?0!+&1!$)'30,!/052!1+/9!
D05'!4!'%&'(',!$!-2$%)0*'M)0/0*3$(1,1!%0N#)#,1O,'%*3#,1!4#7%0)#!'/!)46'31%0530).!
(1!$'!)!$%1(2!4!*31,.!)4+'$%#)1%0)!50+06#.!'$0=*06#!'/*'$#.!)!(#%0&0,!%#!'/*'$!*0!$,0!
=1%1!%#('3!2+'&#=530*!4#!/'$06'!/&2617!?1530)9!@46'31%053!,'&#!'%&'(#!$+&030%1!(532=!*306')1,!
)0/0*3$(1,!4*#-15*'$%1,.!7(&#%1!+#!,2!$!$%&+*'$%3'!1*!2$%&04*'$%3'!$)'317!&#)*#*3!(#4#%1!
*0$%&1*3#*30!4!*306')1,!%&0*2%*1,!*02$%&04*1,!)0/0*30,9!@46'31%053!'%&'(2!*2/1!+'/+'&'!
1*! =51N1*'! %2/1! )! %&0*2%(17.! ('! $0! *0+&1,0&*'! )0/0.! $0! 4! *31,! +'6')'&1! %0&! +&1/0! /'!
26'%')1%)0.!(#('!=1!5#7('!&#)*#5!/&26#-0!gL#$.!;#$%051?.!f%0&.!_UUbh9!
@!+&1,0&2.!('!)46'31%053!+&0+'4*#!4*#(0.!(1!$'!+'(#4#%053!$%&0$#.!30!+',0,=*'.!/#!
$1!*#%#*-*'!=050N1.!(/#3!1*!(#%0&1!4*#(1!$0!+&1!'%&'(2!+'3#)53#3'!1*!$'!4#$(&=5323'-1.!(/'!30!
=15!)(532-0*!)!/03#)*'$%.!('!$'!$0!%1!4*#(1!+'3#)53#51.!(#('!$0!30!*#!*306')'!&0#(?13'!'%&'(!
'/4)#59! <&#)! %#('! ,'&#! 4=&#%1! 1*8'&,#?130! '! '%&'(')1! /&2N1*$(1! $1%2#?131! #51! *306')1!
+&0%0(5'$%19!@!+&1,0&2.!/#!$0!4*#(1!+'3#)53#3'!/530!-#$#!1*!30!')1&#*!'%&'(')!)'3.!,2!30!
%&0=#!+'1$(#%1!2$%&04*'!+','-!g:1550&.!_UUUh9!
<',0,=*'! 30.! /#! 30! )46'31%053! +&1! *#-&%')#*32! $)'306#! /05#! $1$%0,#%1-0*9! ;'! +&1!
'%&'(2!+&0+'4*#!-2$%)0*'M)0/0*3$(0!%0N#)0O,'%*30.!)46'31%053!g:1550&.!_UUU.!$%&9!SVnSjhP!
!! '+&0/051!+&'=50,.!6#!$(2>#!4#+1$#%1q!
!! '=51(230!%1,.!)!(#%0&06#!)(532-1!)$0.!(1!$'!+')04#*1!$!+&'=50,',P!+0/#6'>('!)'/3'.!
&#)*#%053#!2$%#*')0.!$%#&>0.!$%&'(')*3#(0.!(1!$0!N0!2()#&3#3'!4!'%&'(',q!
!! 4=0&0!1*8'&,#?130!'!'%&'(2!1*!*306')1!$1%2#?131q!
!! $0! 2-1! 4! =&#*30,! $%&'(')*0! 51%0&#%2&0.! +'6')#&3#! 4! /&261,1! $%&'(')*3#(1.! =0&0!
)$(#)0q!
!! $(2+#3!$!%1,',!,1>53#! 1*!4=1&#! 1/030.!+'$52>#!ǃ-*#!$%#51>-#.!+&1+&#)1!$04*#,!
,'N*17!2(&0+')q!
!! +&1+&#)1!#(?13$(1!*#-&%.!(1!'/5'-#.!(#3!='!+&014(2$15.!(/'!='!(#3!*#&0/15!1*!(/#3q!
I0&(')*1(.! H*#! 1*! J'4,#*.! :#&2>#! g_USchP, $%&'()*0A()>)*1&2), ')B.()C<0'*1), =-)>L06&2+P, 0'-029!
:#61$%&$('!/05'9!;'+0&P!W<!<Ak9!
QQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQ!
_T!!
!! +'$(&=1! 4#! 4#+1$(0P! $0$%#*(0! /'(2,0*%1&#.! *#+1>0.! (#%0&0! '/5'-1%)0! $'! )! %1,2!
$+&03051.!+&014(2$151.!4#=050N1!&0425%#%0q!
!! '=)0>-#!/&260!)!%1,2!'!*#+&0/(2!'%&'(#!1*!$)'317!'+#N#*317q!
!! /'5'-1!-#$!+'*')*06#!$&0-#*3#!1*!)&0/*'%0*3#9!
<&#)15#.!(1!317!+'$%#)53#,'!'%&'(2!$!-2$%)0*'M)0/0*3$(1,1!%0N#)#,1O,'%*3#,1.!,''!
=1%1!3#$*#.!*,531)#.!7(&#%1!317!*0!$,0!=1%1!+&0)0-9!@46'31%053!,'&#!=1%1!+&1!/052!$!%#(>*1,!
'%&'(',! %2/1! 850($1=150*! 1*! 4*#%1! '?0*1%1! $1%2#?130! 1*! )0/0*30.! 4#! (#%0&06#! 6#! 30! %&0=#!
'+'4'&1%1! 1*! (#%0&'! 30! /'+2$%*'9! <&0$'/1%1! ,'&#.! (#%0&#! )0/0*3#! $'! ,#*1+25#%1)*06#!
4*#-#3#! 1*!(#%0&#!+'$50/1?#!'%&'(')0!*04,'N*'$%1.!/#!=1!$0!'/4)#5!/&26#-09!@46'31%053!
,'&#!+&0/)1/0%1!$1%2#?130.!)!(#%0&17!$0!='!'%&'(')'!,'%0-0!)0/0*30!+'3#)15'.!1*!/'6#3#*30!
+&02$,0&1%1!4!/&261,1!/03#)*'$%,19!G!$+&'%*1,!1*!/'$50/*1,!&0>0)#*30,!+&'=50,')!$0!
='!,#*3>#5'!%2/1!,'%0-0!)0/0*30!'%&'(#!gL#$.!;#$%051?.!f%0&.!_UUbh9!
B#5'6#! )46'31%053#! 30.! /#! $0! )! +&1,0&2! +&0+'4*#)#*3#! -2$%)0*'M)0/0*3$(17!
%0N#)O,'%0*3! +'$)0%230! $! $%&'(')*'! $52N='.! (1! ,2! 5#7('! +',#6#! +&1! *#/#53*30,!
+&0+'4*#)#*32.! /052.! +&0+&0-0)#*32! %0N#)O,'%0*3! 1*! /'$06#*32! *#+&0/(#! +&1! '%&'(29!
<&02-1%1!,'&#!+'/&'-3#!$%&'(')*06#!/05')#*3#!/&2617!$%&'(')*17!$52N=.!4!*31,1!$%'+1%1!)!
$%1(!1*!26'%')1%1.!(#%0&0!$%&#%06130!5#7('!/&261!$%&'(')*3#(1!*2/13'!%#('!*30,2!('%!$%#&>0,!
1*!'%&'(2!g:1550&.!_UUUh9!
E%&'(#!,'&#,'!'=&#)*#)#%1!('%!?05'$%*'!'$0=*'$%.!*306')#!%0N#)#O,'%*3#!30!50!0*#!
14,0/! 4*#-15*'$%1.! (1! 3'! ,'&#,'! 2+'>%0)#%19! <'6'$%'! 1,#! %#(! '%&'(! %0N#)0! +&1!
)(532-0)#*32.! 4#%'! ,2! ,'&#,'! +&1! %0,! +',#6#%19! <',0,=*#! +#! $%#! %2/1! )5'6#! 1*!
$'/05')#*30!$%&'(')*17!/05#)?0)!)!'//05(2.!$)0%')#5*0!$52N=0.!$+0?1#5*06#!+0/#6'6#.!
$'?1#5*06#!+0/#6'6#!1*!/&2617!gG%&1%17.!_USUh9!!
@5'6#! )46'31%053#! *1! +',0,=*#! 50! )! '/*'$2! /'! '%&'(#.! %0,)0-! %2/1! )! '/*'$2! /'!
$%#&>0)9!@46'31%053!,'&#!$%#&>0!gB0,0?.!;*?.!_USS.!$%&9!_UUhP!
!! $04*#*3#%1!'!+'-2%32!1*!*#+&0/(2!'%&'(#.!
!! $)0%')#%1!'!*#-1*17!/05#!)!)&%?2.!
!! $+'/=23#%1!(!)4+'/=23#*32!'%&'(')0!$#,'$%'3*'$%1.!
!! $+'/=23#%1!(!14'=&#N0)#*32!1*!$'/05')#*329!
@46'31%053!,'&#! *2/1%1! $%#&>0,!+'/+'&'! 1*! +','-.! 317! $04*#*1%1! 4! ǃ-*1,1! )1&1! 1*!
$%&'(')*1,1!$52N=#,1!%0&!31,!14(#4#%1!4#*1,#*30!4#!'%&'(')'!$%#*309!<&#)!%#('!$'!$%#&>1!
5#7('!)46'31%0530)1!+&)1!$)0%')#5?1.!$#3!'!'%&'(')0,!$%#*32!)0/'!*#3)0-!g:1550&.!_UUUh9!!
I0&(')*1(.! H*#! 1*! J'4,#*.!:#&2>#! g_USchP, $%&'()*0A()>)*1&2), ')B.()C<0'*1), =-)>L06&2+P, 0'-029!
:#61$%&$('!/05'9!;'+0&P!W<!<Ak9!
QQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQ!
_d!!
!"C"!$E-,5.80<,()*$>.'.F$;-0'(0-.$,+$,/).1.+1.$<*1.)+0'(,$,
E%&'?1! $! -2$%)0*'M)0/0*3$(1,1! %0N#)#,1O,'%*3#,1! *0! +'%&0=2303'! +'$0=*17!
+&15#6'/1%0)!+&'$%'&#!#51!-#$#.!+&0/)1/0)#%1!+#!30!+'%&0=*'!+&0/)$0,!%'.!/#!$'!*0(#%0&1!
*0+&15#6'/531)1! 45#$%1! +&1! *02+'>%0)#*32! +&#)15! 1*! *317')06#! )0/0*3#! )! *04*#*1! #51!
+'%0*?1#5*'!*0)#&*1!$1%2#?131!gL#$.!;#$%051?.!f%0&.!_UUbh9!!
E%&'(2!$!%0N#)#,1O,'%*3#,1!5#7('!+'*2/1,'!/03#)*'$%1.!$!(#%0&1,!$0!='/'!*306')1!
+&1,#*3(53#31!,#*3>#51.!$#3!$'!+&#)!%1!+'$50/1?#!N1)530*3$(0!$1%2#?130.!7(&#%1!+#!%2/1!)4&'(!4#!
,'%0-0! )0/0*309! E%&'(')1! -2$%)0*1! +&1,#*3(53#31! 4#7%0)#3'! '/! )46'31%053#! +&13#40*.!
*#(5'*30*!'/*'$9!@46'31%053!,'&#!'%&'(2!','6'-1%1!%2/1!/03#)*'$%1!*#!$'?1#5*0,!+'/&'-32.!
(30&! ='! )13#5! $'?1#5*0! )0>-1*0! 1*! /'N1)53#5! )(532-0*'$%! )! $(2+1*'9! B#! ('6*1%1)*0,!
+'/&'-32!,2!,'&#!','6'-1%1!-1,!)0-!-2%*17!4#4*#)!%0&!)051('!61=#5*17!#(%1)*'$%1.!(30&!$0!
='!5#7('!4#)0/#5!5#$%*06#!%050$#.!(#&!30!+',0,=*'!%2/1!4#!)'3!*306')0!$#,'+'/'=0!
gL#$.!;#$%051?.!f%0&.!_UUbh9!!
6U9)$JF;:)C?B^<IH)E?<)F>?F@B)=)VB=>LHIFNLHCHID=@<G<)>H^:L:G<QGF>ID:G<)!
QD&2N1*#!30!/1*#,1-0*!$1$%0,.!(1!$0!)0$!-#$!$+&0,1*3#!1*!)13#!%0&!+&1!%0,!$(2>#!
'7&#*1%1! &#)*')0$309! <&07#3#! $('41! ǃ-*0! )'3*0! 8#40.! (1! 4#7%0)#3'! '/! /&2N1*$(17!
-5#*')! +&0'=51(')#*30! '/*'$').! +&#)15.! )4'&?0)! )0/0*3#9! B0(#%0&1! *#-1*1! $''-#*3#! $!
$+&0,0,=#,1!$'!4#!/&2N1*'!$+'/=2/*1.!/&261!+#!5#7('!')1'!)'3!+'$#,04*17!-5#*')!
/&2N1*09p!gFY&*0.!_USU.!$%&9!bTh9,
@$1! $%#&>1! )0/'.! (#('! $(&=0%1! 4#! %050$*'! 4/&#)30! 1*! )#&*'$%! $)'317! '%&'(9! @*#+&03!
+&0/)1/0)#3'! %050$*0!*0)#&*'$%1.!(1!+&0%13'!'%&'(2.!*306')0!-2$%)0*0! %0N#)0O,'%*30!+#!
*#)#/*'! '+#413'! >050.! ('! $0! +'3#)13'! '-1%*1! 4*#(1! *0+&15#6'30*06#! )0/0*3#9! C0N#)0! )!
)0/0*32.!/0+&0$13'.!+&0%1&#*'!='30-*'$%.!,'%*30!7&#*30*3#! 1*!+'/'=*'!4#4*#3'!>050.!('!
'%&'(!4#-*0!(#4#%1!,'-*0!$1,+%',09!<&0+&0-0)#*30!-2$%)0*'M)0/0*3$(17!%0N#)O,'%0*3!
*1!*1-!,#*3!+',0,=*#!)5'6#!$%#&>0)!('%!)#&')#*30!+&0/!%050$*1,1!*0)#&*'$%,19!D',!*#3!
=1!=15!+&)'!'('530!4#!+&0+&0-0)#*30!-2$%)0*'M)0/0*3$(17!%0N#)O,'%0*3!1*!*#3!=1!%0,05315!*#!
%0,.!/#!$%#&>1! 5#7('!4,#*3>#3'! %)06#*30.!+')04#*'!4!*#$%#*(',! %0N#)O,'%0*39!G%#&>1!
$+&030,#3'!)$#('/*0)*0!'/5'-1%)0.!$!(#%0&1,1!(&'313'!'%&'(')'!2$'/'.!7(&#%1!+#!+'4*#3'!
)$#!%)06#*3#.!(1!31,!30!'%&'(!14+'$%#)530*!4!60*0%$(06#!)1/1(#!1*!4!)1/1(#!'('53#.!)!(#%0&0,!
N1)1!gG7#+1&'.!_UUbh9!
Fƕ%'*!F0&&Y!gSjjjh!+1>0.!/#!$%#&>1!,*'6'(&#%!*0!+'1>-03'!#51!*0!4*#3'!+'1$(#%1!
+','-1.!('!4#4*#3'.!/#!$0!*317')!'%&'(!)0/0!/&26#-0!'41&',#!-2/*'9!L0!)+&#>#3'!4#!
*#$)0%! +&13#%0530! #51! ,0/1?1*$(0! $%&'(')*3#(0.! (1! *1$'! 2$%&04*'! 14'=&#N0*1.! ,*'6'(&#%!
I0&(')*1(.! H*#! 1*! J'4,#*.! :#&2>#! g_USchP, $%&'()*0A()>)*1&2), ')B.()C<0'*1), =-)>L06&2+P, 0'-029!
:#61$%&$('!/05'9!;'+0&P!W<!<Ak9!
QQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQ!
_c!!
/'=13'!'/6')'&.!(1!+'%'5#N1!#51!4#*0,#&1!*317')0!$(&=1.!-0>!/#!='!'%&'(!%'!+&0&#$059!F0&&Y!
$%#&>0!*#6')#&3#.!*#3!$0!$!$)'3'!+&0$'3'!!'=&*03'!*#!'%&'>(06#!+$171#%&#.!(1!5#7('!4!
/'=&'!/1#6*'$%1('!+'3#$*1.!4#!(#%0&0!-2$%)0*0!%0N#)0O,'%*30!6&0!+&1!'%&'(2.!>0!+&0/0*!
$0! %0! +'$5#=>#3'9! H)%'&! *#)#3#! /)0! *#$+&'%23'-1! $1! 1*! $(*1! '=51(1! )0/0*3#! '%&'(#! )!
/&260,!1*!%&0%30,!50%2.!)!(#%0&17!=1!$%#&>0,!$)0%')#5!'=1$(!'%&'>(06#!+$171#%&#P!o+&0)0-!
+&1/0*p!1*!o+&0%1&#*'!-2$%)0*'!'/41)0*!'%&'(p9!
<&0650/*1?#!SP!E=51(0!)0/0*3#!'%&'(#.!4#&#/1!(#%0&17!*#3!$0!$%#&>1!'=&*03'!+'!+','-!(!
$%&'(')*3#(2!g+')40%'!+'!Fƕ%'*!F0&&Y.Sjjj.!$%&!_d_n_dbh!!
!!!!!!;'!30!'%&'(!o+&0)0-!+&1/0*pP! !!!!!!<&0%1&#*1!-2$%)0*1!'/41)1!'%&'(#P!
!! *0! (#N0! +&1-#(')#*0! '/41)*'$%1! #51!
14=&27')! 3040.! +'%5#-1! +'%&0='! +'!
$#,'$%'3*'$%1!
!! $0! 2,1(#! )! $#,'%'.! $(&1)#! +&0/!
)&$%*1(1! 1*! (#N0! +'%&0='!+'!'$#,1! 1*!
+#$1)*'$%1!
!! $0!6#!/&261!'%&'?1!14'61=#3'!
!! '=$0/1.! $0$#! +#50?.! $1! )&%1*-1! 5#$0.!
=&$(#!+'!*'$2.!$0!+&#$(#!+'!'=*!
!! $0! 2,1(#! 14! )$#(06#! 4#7%0)*06#!
+'5'N#3#.! 14'61=#! $%1(',! $! $%#&1,1!
$%#&>1.!%23?1.!/&261,1!'%&'(1!
!! 30!=50/.!$5#='!30>-.!1,#!4*1N#*!,1>1-*1!
%'*2$!
!! 30!*0'/41)0*.!*1-!6#!*0!+&1%06*0!
!! -2$%)0*1! '/41)1! *1$'! $',0&*1!
'('51>-1*#,!
!! '%&'(!14!3'(#!+5#*0!)!$,07.!$0!+*'!
4#4&0!1*!$0!0*#('!'=*#>#!/'!16&#-!1*!
532/1!
!! $0! 4)130! )#$0! 1*! 2,#(*0.! ('! ,2!
+'*23#,'!%'+51*'!
!! *1!)!$%1(2!4!532/,1!'('51!$0=0!
!! $0! *0$,1$05*'! 7171%#.! 71$%0&1-*'!
$,030.!(,#52!$+0%!3'-0!1*!(&1-1!!
!! $0!)!3041!,0-0!+'!%507!1*!30!*0(#3!-#$#!
+'%&%!%0&!$0!*0!'/41)#!*#!/&#N53#30.!(1!
$'!+&03!$+&'N151!+&0%1&#*!'/41)!
<&0+&0-0)#*30!-2$%)0*'M)0/0*3$(17!%0N#)O,'%0*3!+&1!'%&'?17!30!)0-+5#$%*#!*#5'6#.!
$#3!30!%&0=#!4,#*3>#%1!%)06#*30.!+')0-#%1!'/+'&*'$%!1*!-2$%)0*'!1*%05160*?'!%0&!2+'&#=1%1!
2&#)*'%0N0*! 1*!+&#(%1-0*!)46'3*1!+&1$%'+.!+&1!(#%0&0,!$'!+'$%#)530*0! 3#$*0!,030! 1*!$'!
*,530*0! '%&'(')0! +'%&0=09! ;'! $%#&>1! +&1! '%&'(2! 4#4*#3'! ,#*3! &0$*0! '=51(0!
*0+&1,0&*06#!)0/0*3#.!,''!4#-0%1!+&0)0*%1)*'!/05')#%1!N0!%1$%1!%&0*2%0(9!E%&'(',!*0!
$,03'! /')'51%1.! /#! $'! *0$+'>%531)1.! *02='6531)1! #51! *0'51(#*19! L0! $0! ='/'! $+'+#/51! 4!
,#37*1,1!-2$%)0*'M)0/0*3$(1,1!%0N#)#,1O,'%*3#,1.! 1,#3'!)051('!,'N*'$%1.!/#!$0!='/'!
14'6*151!&0$*03>1,9!gG7#+1&'.!_UUbh!!
C7',$'*!gSjjTh!+'2/#&3#.!/#!)$#(#!/&2N1*#!/&26#-0!)&0/*'%1!$+&030,531)'!)0/0*309!
B0(#%0&0!)&0/*'%0!$'!$(2+*0!)$0,!)!/&2N=1.!('%!30!+&13#4*'$%!/'!$'-5')0(#.!/&260!+#!$0!
I0&(')*1(.! H*#! 1*! J'4,#*.! :#&2>#! g_USchP, $%&'()*0A()>)*1&2), ')B.()C<0'*1), =-)>L06&2+P, 0'-029!
:#61$%&$('!/05'9!;'+0&P!W<!<Ak9!
QQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQ!
_V!!
ǃ(2303'!'/!/&2N1*0!/'!/&2N1*09!@!$1%2#?13#7.!('!$%#&>1!$(50*03'.!/#!$'!*317')0!+'%&0=0!
)! /#*0,! %&0*2%(2! +',0,=*03>0.! 30! %&0=#! '%&'(#! +&1+&#)1%1! /'! %06#.! /#! ='! $+&0,0*15!
*0$+&030,531)'!)0/0*309!E,0*30*1!#)%'&!+1>0!'!*#-1*2!>%1&1/05*06#!(532=')#*3#!n!(#('!
'%&'(',!(532=')#%1.!/#!='/'!+&1+&#)530*1!$+&0,0*1%1!$)'30!)0/0*30.!$%#&>0,!+#!+&1!%0,!*0!
='!%&0=#!14('&1>-#%1!$)'30!,'-1.!)051('$%1!1*!65#$29!;532=')#*3#!+#!*0!2+'&#=53#,'!%#(&#%.!
('! 30!'%&'(! =2&30*.!$#3! 30! %#(&#%!+',0,=*030.!/#!+&1$527*0,'!*306')1! 30419!"#%'!$0!
(532=')#*3#! 5'%1,'.!('!$0!'%&'(!+',1&19!<&1!(532=')#*32.!(1! 30!$0$%#)530*'! 14!>%1&17!/05').!
'/&#$51! 1*! '%&'(! '7&#*1%#! $+'>%')#*30.! 4#%'! 30! ,'N*'$%! 2$+07#! )051(#9! f%1&1/05*'!
(532=')#*30!30!$0$%#)530*'!14!)0/0*3#.!'=-2%(#.!)4&'(#!1*!+&'>*30!4#!+','-9!
!! @0/0*30P!'%&'(2!'+1>0,'.!(#3!=1!+&1!*30,!&#/1!$+&0,0*151.!/#!='!)0/059!
!! E=-2%0(P!14),'!$)'30!'=-2%(0.!*#,0$%'!/#!'%&'(#!'>%0)#,'9!
!! @4&'(P!+'3#$*1,'.!4#(#3!$1!N051,'.!/#!=1!$0!/&26#-0!)0/05.!$#3!%06#!,'&/#!*0!)09!
!! <&'>*3#!4#!+','-P!+&'$1,'!'%&'(#.!*#3!*#,!+',#6#!&0>1%1!%0N#)'9!
G7#+1&'! g_UUb.! $%&9! bUndUh! *#)#3#! +&1$%'+0! $%#&>0).! $! (#%0&1,1! 5#7('! +&0+&0-13'!
*#$%#*0(!-2$%)0*'M)0/0*3$(17!%0N#)O,'%0*3!+&1!+&0/>'5$(0,!'%&'(2!
!! G%#&>1!*#3!)4%#3'!+&1!'%&'(')0,!50+0,!'=*#>#*32!1*!/#303'!,'*0!$,0&*1?0!%2/1!
4!4650/',9!
!! B#3!'%&'(#!*0!'=)#&2303'!+&0/!'=-2%(1!(&1)/0!1*!$&#,29!B#3!$0!'%&'(!$&#,230.!-0!30!
$%'&15!*0(#3.!-0$#&!6#!30!2+&#)1-0*'!$&#,9!
!! B#3!+&1!'%&'(2!*0!/'+2>-#3'!*'=0*06#!*0+&1,0&*06#!'=*#>#*3#9!
!! E%&'(2!*#3!+'$%#)13'!3#$*0!,030.!$#3!$0!='!%#('!+'-2%15!)#&*'!1*!$0!*#2-15!$+'>%')#%1!
/&2609!
!! B0+&1,0&*'! 1*!*0N050*'!)0/0*30!*#3!'+&0/0513'! 1*!'+1>03'.!'%&'(#!+#!'+'4'&13'!4#!
*#$50/*31-9!L0!'%&'(!%06#!*0!2+'>%0)#.!*#3!14)&>13'!+'$50/1?'!'49!(#40*9!
!! E%&'(#!*#3!2$,0&3#3'!(!4/&#)0,2!+&07&#*30)#*32.!*#3!$'/05230!+&1!+&1+&#)1!7&#*09!
X&#*#!*#3!*0!='!$&0/$%)'!*#6)#*3#!#51!(#4*')#*3#9!"#!,14'!*#3!4#7%0)#3'!50+'!
)0/0*30!1*!$+'/=23#3'!'%&'(')'!&0/*'!%050$*'!#(%1)*'$%9!
!! E%&'(2!*#3!+',#6#3'!/'N1)0%1!'=-2%0(!2$+07#9!
!! E%&'(2!*#3!+',#6#3'! )1%1!/&2N=0*0!$+&0%*'$%1! 1*!,1$05*0!)4'&?0.!(1!$+'/=23#3'!
2-0*309!
!! G!+&0%1&#*1,1!+'7)#5#,1!1*!,#%0&1#5*1,1!*#6&#/#,1!5#7('!4#)1'!'%&'(')'!*'%&#*3'!
,'%1)#?13'9!E%&'(#!*#3!+'7)#513'!%0/#3.!('!'+&#)1!*0(#3.!(#&!30!4#*3!*0'=1-#3*'!650/0!
*#!*306')'!$%#&'$%q!+'7)#5'!*#3!2+'&#=13'!('%!*#6&#/'!4#!%&2/9!
!! <&1!'%&'(2!*#3!$+'/=23#3'!N053'!+'!2-0*329!
!! E%&'(#!*#3!*#2-13'!'=)5#/')#%1!'-#&#*309!
I0&(')*1(.! H*#! 1*! J'4,#*.! :#&2>#! g_USchP, $%&'()*0A()>)*1&2), ')B.()C<0'*1), =-)>L06&2+P, 0'-029!
:#61$%&$('!/05'9!;'+0&P!W<!<Ak9!
QQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQ!
_j!!
!! E%&'(#!*#3!*0!'=)#&2303'!+&0/!)$0,1!$%)#&,1.!(1!=1!6#!5#7('!=2&150.!$#3!6#!$!%0,!
$+'/=23#3'! (! +5#7'$%1! 1*! )'32! $%')9! B#3! 2+'&#=53#3'! #&62,0*%0.! +',1&1%0).!
$+&'$%1%0)!1*!+'*#4'&1%0)!+&0('!16&09!
!! E%&'(#!*#3!*#2-13'!'=)5#/')#%1!304'9!
!! E%&'(#!*#3!*#2-13'.!(#('!*#3!+&1!16&1!$'/05230!4!)&$%*1(19!
!! E%&'(')0,2!50+0,2!)0/0*32!*#3!*#,0*13'!+'4'&*'$%9!
!! E%&'(2!*#3!/#303'!+'41%1)*#!*#)'/15#.!(#3!'/!*306#!N0513'9!
!! "!'%&'(',!*#3!$0!+'6')#&3#3'9!
J0%24*1(! F'4')1-#&! 1*! ;&#*3?! g_USU.! $%&9! SaTnSTdh! *#)#3#%#! ,0%'/0! $'?1#5*06#!
2-0*3#.!(1! 317! 5#7('!2+'&#=1,'!4#!2-0*30! 1*!)13#*30!$'?1#5*17!)0>-1*.!(1!='/'!'%&'(2!
','6'-150!$%1(0!4!/&261,1.!/'6')#&3#*30!1*!$'/05')#*30.!7(&#%1!+#!,2!+',#6#50!'7&#*3#%1!
1*!6&#/1%1!*306')'!$#,'+'/'='P!
!! *#)#3#*30.!
!! $04*#*3#*30!1*!+&0+&1-0)#*30.!
!! $+'/=23#*30P! +'7)#5#.! '=532=#.! *#6&#/#.! $+'/=23#*30! '%&'(')0! $#,'$%'3*'$%1! 1*!
4#N050*06#!)0/0*3#.!
!! +&0+&0-0)#*30P! /1$?1+51*1&#*30.! +&0+')0/1.! 6#.! (#4*')#*30.! &0$%1%2?13#! '41&',#!
+'+&#)53#*30!5#$%*0!*#+#(0.!,0/1#?13#9!
<&1!'%&'(')17!14=&2717!%&,0!1*!%'6'%0!30!%&0=#!2+'>%0)#%1!*306')0!4*#-15*'$%1!9!C&,'!
1*!%'6'%'!$(2>#,'!N0!)*#+&03!+&0+&0-1%1!+&0/)$0,!%#(&#%.!('!30!2%&230*!1*!)4*0,1&30*!1*!
('!%0N#)*'!)0/0*30!5#7('!+&1-#(230,'9!<',0,=*'!30.!/#!$0!'/41)#,'!2,1&30*'.!-0+&#)!
30! %'! 4#! $%#&>0! *#+'&*'9! <&1! %0,! 2+'&#=1,'! $%&#%0613'.! (1! 30! 2-1*(')1%#.! (#,'&! $'/1!
+&02$,0&3#*30.!16*'&1&#*30.!'/$%&#*1%0)!14!$(2+1*0!#51!'=30,9!<&1!'%&'(')0,!14=&272!%&,0!
#51! %'6'%0!+'$(&=1,'!4#!)#&*'$%! %0&!$0!4!*31,!+'!('*-#*0,! 14=&272!+'6')'&1,'! 1*!6#!
+'%'5#N1,'!gB0,0?.!;*?.!_USSh9!!
<&1!/052!4!'%&'(1!$!-2$%)0*'M)0/0*3$(1,1!%0N#)#,1O,'%*3#,1!30!+',0,=*'.!/#!$%#&>1!
$'/052303'!4!)46'31%0531!)!)&%?2!1*!/&261,1!$%&'(')*1,1!/05#)?1.!/#!$'!$04*#*30*1!4!*306')1,1!
)'3*1,1!4*#-15*'$%,1.!*#+&0/(',!#51!,'&0=1%*1,1!%0N#)#,19!G%#&>1!$!$)'31,1!14(2>*3#,1!
+',#6#3'!$%&'(')*0,2!'$0=32!)!)&%?2.!$#3!317!$50/*31!2+'>%0)#3'!+&1!)46'31!1*!)$#(/#*30,!
N1)530*32!gL#$.!;#$%051?.!f%0&.!_UUbh9!
B#5'6#! $%#&>0)! 30.! /#! )! )&%?2! $'/052303'! 1*! +&1$+0)#3'! $)'3#! '+#N#*3#.! )1/0*3#! 1*!
4*#*3#!*#!1*8'&,#%1)*1!1*!)46'3*'!14'=&#N0)#5*1!&#)*1!%0&!4!*0+'$&0/*'!2/050N='!/&2N1*0!
1*! )46'3*'! )#&$%)0*0! 2$%#*')0! +&1! )46'31! '%&'(9! <&#)! %#('! 30! +',0,=*'.! /#! $0!
I0&(')*1(.! H*#! 1*! J'4,#*.!:#&2>#! g_USchP, $%&'()*0A()>)*1&2), ')B.()C<0'*1), =-)>L06&2+P, 0'-029!
:#61$%&$('!/05'9!;'+0&P!W<!<Ak9!
QQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQ!
bU!!
2/050N2303'!ǃ-*17!'=51(!$'/05')#*3#!)!)&%?2.!('%!$'!gI0*?1-.!H2%'&.!e#&%*0&.!C',1m.!
SjjV.!$%&9!SSThP!
!! 1*/1)1/2#5*1!.')'&1!)46'31%0530)!1*!$%#&>0).!
!! +'6')'&*0!2&0.!
!! &'/1%053$(1!$0$%#*(1.!
!! +1$*'!'=)0>-#*30!$%#&>0)!+&0(!'65#$*0!/0$(0.!
!! /#*!'/+&%17!)&#%.!
!! '=1$(!)46'31%053#!)!'%&'(')1!/&2N1*1.!
!! *0+'$&0/*'!$'/05')#*30!$%#&>#!+&1!/052!)46'3*0!$(2+1*09!
:*'61!$%#&>1!$0!)!+&1,0&2!-2$%)0*'M)0/0*3$(17!%0N#)O,'%0*3!+'!+','-!1*!*#$)0%0!
+'6'$%'!'=&#-#3'!*#!'%&'(')06#!+0/1#%	!L0!4/&#)*1(!/'=&'!+'4*#!/&2N1*'!1*!'%&'(#.!
5#7('!$)0%230.!(30!*#3!$%#&>1!+'1>-03'!+','-9!@-#$17!+#!2+'>%0)#3'!46'53!,0/1?1*$('!$%&#*!
+&'=50,#.!$+&0650/#3'!+#!$'?1#5*0!1*!-2$%)0*0!)1/1(09!"#%'!30!+',0,=*'.!/#!$0!$%#&>1!)!
%#(17!+&1,0&17!'=&*03'!*#!)46'31%053#.!(1!4!'%&'(',!+&0N1)1!)051('!-#$#.!6#!+'4*#!%0&!)0-31!
/05!/*0)#!'+#4230!*306')'!#(%1)*'$%!g:1550&!_UUUh9!!
, ,
I0&(')*1(.! H*#! 1*! J'4,#*.!:#&2>#! g_USchP, $%&'()*0A()>)*1&2), ')B.()C<0'*1), =-)>L06&2+P, 0'-029!
:#61$%&$('!/05'9!;'+0&P!W<!<Ak9!
QQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQ!
bS!!
\) %+*#&#M"#)/%3)
\U8)*?FXJHGW)I:GHI)<I)b<JD<)?:K<=@:LH)!
B#! +'/5#61! #*(0%*06#! )+&#>#5*1(#! =','! 26'%#)53#51.! (#%0&0! -2$%)0*'M)0/0*3$(0!
%0N#)0O,'%*30!+&1!+&0/>'5$(0,!'%&'(2!)46'31%0531!1*!$%#&>1!*#3+'6'$%030!4#4*#)#3'.!(#('!
2(&0+#3'!'=!%0,.!(#('!$0!14'=&#N2303'!%0&!$'/052303'!4!42*#*31,1!1*$%1%2?13#,1!9!
@!,#61$%&$(0,!/052!$,'!$1!4#$%#)151!$50/0-0!4#$%#)530*0!?1530P!
@46'31%0531!!
!! W6'%')1%1.! #51! 30! *#3+'6'$%03>#! -2$%)0*'M)0/0*3$(#! %0N#)#O,'%*3#! +&1! +&0/>'5$(17!
'%&'?17!%&,#q!
!! 26'%')1%1.!#51!*#!+&1+&#)530*'$%!4#!14'=&#N0)#*30!)+51)#%#!/05')*#!/'=#!%0&!14'==#!
)46'31%053#q!
!! 26'%')1%1.! +&1! (#%0&0,! $+'52! $0! +'6'$%030! +'3#)53#3'! -2$%)0*'M)0/0*3$(0!
%0N#)0O,'%*30.!
!! 26'%')1%1.! #51! )46'31%0531! $'/052303'! $! $%&'(')*1,1! $52N=#,1! +&1! '%&'(2! $! -2$%)0*'M
)0/0*3$(1,1!%0N#)#,1O,'%*3#,1q!
!! 26'%')1%1.! #51! $0! )46'31%0531! +'6')'&13'! $! $%#&>1! 1*! '%&'(',.! ('! 4#4*#3'! -2$%)0*'M
)0/0*3$('!%0N#)'O,'%*3'!+&1!'%&'(29!
G%#&>1!!
!! W6'%')1%1.! #51! *#! -2$%)0*'M)0/0*3$(0! %0N#)0O,'%*30! +&1! '%&'(2! )+51)#! 14'==#!
$%#&>0)q!
!! 26'%')1%1.!#51!$0!-2$%)0*'M)0/0*3$(0!%0N#)0O,'%*30!)!+&0/>'5$(0,!'=/'=32!+'3#)53#3'!
+'6'$%030!+&1!/0-(17!#51!+&1!/0(51?#7q!
!! 26'%')1%1.! #51! $0! $%#&>1.! (1! 1,#3'! '%&'(#! $! -2$%)0*'M)0/0*3$('! %0N#)'O,'%*3'.!
+'6')'&13'!4!)46'31%0530,!1*!1>-03'!*#$)0%0!)!$%&'(')*1!51%0&#%2&1q!
!! 26'%')1%1.! $! (#(>*1,1! -2$%)0*'M)0/0*3$(1,1! %0N#)#,1O,'%*3#,1! $0! *#3+'6'$%030!
$''-#3'!$%#&>1q!
!! 26'%')1%1.!#51!$%#&>1!*0+&1,0&*'!'%&'(')'!)0/0*30!16*'&1'9!
) )
I0&(')*1(.! H*#! 1*! J'4,#*.!:#&2>#! g_USchP, $%&'()*0A()>)*1&2), ')B.()C<0'*1), =-)>L06&2+P, 0'-029!
:#61$%&$('!/05'9!;'+0&P!W<!<Ak9!
QQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQ!
b_!!
\U6)&:K<=@FL:JIH)]<EF>HKH)
6"!"#$ G,;0(*/*$H$)/801,(*51,$,
XSP! B#3+'6'$%03>#!-2$%)0*'M)0/0*3$(#!%0N#)#O,'%*3#!+&1!+&0/>'5$(17!'%&'?17!30!%&,#9!
X_P! @46'31%0531!4!/#53>'!/05')*'!/'='.!$'!$0!,#*3!+&1+&#)530*1!14'=&#N0)#%1!$!+'/&'-3#!
-2$%)0*'M)0/0*3$(17!%0N#)O,'%0*3!+&0/>'5$(17!'%&'(9!
XbP! @46'31%0531! 4! )1>3'! 14'=='! $'! $0! ='53! +&1+&#)530*1! 14'=&#N0)#%1! $! +'/&'-3#!
-2$%)0*'M)0/0*3$(17!%0N#)O,'%0*3!+&0/>'5$(17!'%&'(9!
XaP! @46'31%0531! ,0*13'.! /#! $'! -2$%)0*'M)0/0*3$(0! %0N#)0O,'%*30! +'6'$%03>0! +&1!
/0-(179!
XTP! @46'31%0531!$'/052303'!$!$%&'(')*3#(1!)!)46'3*'M14'=&#N0)#5*1!1*$%1%2?131!+&1!'%&'(2!$!
-2$%)0*'M)0/0*3$(1,1!%0N#)#,1O,'%*3#,19!
XdP! @46'31%0531!$0!'=!'%&'(')0,!*0N050*0,!)0/0*32!+'6')'&13'!4!*31,!1*!$!$%#&>19!
6"!"!$ G,;0(*/*$H$'(.-I,$$
XSP! G%#&>1!4!)1>3'!14'=='!$0!&0/(030!$&0-2303'!$!+&1$'%*'$%3'!-2$%)0*'M)0/0*3$(17!
%0N#)O,'%0*3!+&1!'%&'(29!
X_P! G%#&>1! +'6'$%030!*#)#3#3'! -2$%)0*'M)0/0*3$(0! %0N#)0O,'%*30!+&1! /0-(17!('%! +&1!
/0(51?#79!
XbP! G%#&>1! $0! $''-#3'! $! -2$%)0*'M)0/0*3$(1,1! %0N#)#,1O,'%*3#,1! $)'317! '%&'(! 1*!
1>-03'!+','-!)!$'/05')#*32!4!)46'31%0531!1*!)!$%&'(')*1!51%0&#%2&19!
XaP! G%#&>1!('%!*#3+'6'$%03>0!-2$%)0*'M)0/0*3$(0!%0N#)0O,'%*30!+&1!'%&'?17!*#)#3#3'!
%&,'!1*!/&#N531)'$%9!
XTP! G%#&>1!&0/('!16*'&1'!'%&'(')'!*0+&1,0&*'!)0/0*309!
\U\))+H>FCFJF;<D:)
6"6"#$ J;,'$-./,'20).5+*$:*(0<*$$
W+'&#=151! $,'! /0$(&1+%1)*'! 1*! (#)4#5*'M*00($+0&1,0*%#5*'! ,0%'/'! 0,+1&1-*06#!
+0/#6'>(06#! )$(')#*3#9! J#41$(')#5*1! +&1$%'+! 30! =15! ()#*%1%#%1)0*9! @! ()#*%1%#%1)*1!
)$(#)1! $,'! 4#! 4=1&#*30.! #*#514'! %0&! 1*%0&+&0%#?13'! +'/#%(')! 2+'&#=151! #*(0%'! 1*!
'+#4')#*309!
I0&(')*1(.! H*#! 1*! J'4,#*.!:#&2>#! g_USchP, $%&'()*0A()>)*1&2), ')B.()C<0'*1), =-)>L06&2+P, 0'-029!
:#61$%&$('!/05'9!;'+0&P!W<!<Ak9!
QQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQ!
bb!!
6"6"!$ J;,'$-./,'20).5+*8.$)/0-4.$$
J#41$(#)#! 30! %0,05315#! *#! *0$52-#3*'$%*0,.! *#,0*$(0,! )4'&?2! $%#&>0)! 1*!
)46'31%0530)!)!0*'%#7!;&#*3$(17!)&%?0)!)!'=-1*1!;&#*3!1*!)!)&%?2!+&1!E$*')*1!>'51!<&0//)'&.!
1*! $1?0&! +&1! '%&'?17.! $%#&17! '/! S! /'! d! 50%9! @#*3'! 30! =15'! )(532-0*17! STU! $%#&>0)! %0&! jb!
)46'31%0530)!+&0/>'5$(17!'%&'(9!"#6'%')530*#!30!=15#!#*'*1,*'$%!)+&#>#5*1(')9!K4!#*#5140!
+'/#%(')!30!)1/*'.!/#!)(532-0*1!*1$'!'/6')'&151!*#!)$#!)+&#>#*3#9!
8"8"!"#, N./+&20(.6*+,(/0-)5,R,(/:01+')61+,,
<&0650/*1?#!_P!f%0)15'!g8h!1*!$%&2(%2&*1!'/$%'%(1!g8!ih!)46'31%0530)!+'!$+'52!
G+'5!)46'31%053#! 8! 8!i!
:'>(1! S! S.bb!!
R0*$(1! ca! jV.dc!
G;W<Hl! cT! SUU!!
s!8!t!8&0()0*?#q!8!i!t!'/$'%*1!/050N!
@!#*(0%1!30!$'/05')#5'!cd!)46'31%0530).!'/!%06#!S!,'>(1!gS.bb!ih!1*!cT!N0*$(!gjV.dc!
ih9!!
<&0650/*1?#!bP!E+1$!)4'&?#!+'!$%#&'$%1!)46'31%0530)!
! *! ,1*! ,#^! :! GD!
G%#&'$%!)46'31%0530)! cb! _c! TV! a_.d! j.j_!
s!*!t!>%0)15'!'/6')#&3#3'-17q!,1*!t!*#3,#*3>#!)&0/*'$%q!,#^!t!*#3)0-3#!)&0/*'$%q!:!t!#&1%,0%1-*#!
$&0/1*#q!GD!t!$%#*/#&/*1!'/(5'*!
<')+&0-*#!$%#&'$%!)46'31%0530)!30!a_.d!50%#.!*#3*1N3#!$%#&'$%!_c!50%.!*#3)1>3#!TV!50%9!D)#!
)46'31%053#!)!#*(0%1!*1$%#!*#)0/5#!$)'30!$%#&'$%1!g*!t!cbh9!
<&0650/*1?#!aP!f%0)15'!g8h!1*!$%&2(%2&*1!'/$%'%(1!g8!ih!)46'31%0530)!+'!$%'+*31!14'==0!
G%'+*3#!14'==0!)46'31%053#! 8! 8!i!
G&0/*30>'5$(#! S_! Sd.UU!
@1>30>'5$(#! V! SU.dc!
@1$'('>'5$(#.!2*1)0&41%0%*#.!='5'*3$(#!S!1*!_!$%'+*30! Tb! cU.d!
"*#*$%)0*1!,#61$%0&13.!/'(%'&#%! _! _.dc!
G;W<Hl! cT! SUU!!
s!8!t!8&0()0*?#q!8!i!t!'/$'%*1!/050N!
I0&(')*1(.! H*#! 1*! J'4,#*.!:#&2>#! g_USchP, $%&'()*0A()>)*1&2), ')B.()C<0'*1), =-)>L06&2+P, 0'-029!
:#61$%&$('!/05'9!;'+0&P!W<!<Ak9!
QQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQ!
ba!!
cU.d! i! )46'31%0530)! 1,#! )1$'('>'5$('! 14'=='! #51! )0-.! Sd.UU!i! $&0/*30>'5$('.!
SU.dc!i!)1>30>'5$('!%0&!_.dc!i!4*#*$%)0*1!,#61$%0&13!#51!/'(%'&#%9!!
<&0650/*1?#!TP!E+1$!)4'&?#!+'!/05')*1!/'=1!)46'31%0530)!
! *! ,1*! ,#^! :! GD!
D05')*#!/'=#! cT! b! bj! Sj.d! S_.d!
s!*!t!>%0)15'!'/6')#&3#3'-17q!,1*!t!*#3,#*3>#!)&0/*'$%q!,#^!t!*#3)0-3#!)&0/*'$%q!:!t!#&1%,0%1-*#!
$&0/1*#q!GD!t!$%#*/#&/*1!'/(5'*!
<')+&0-*#!/05')*#!/'=#!)46'31%0530)!30!Sj.d!50%#.!*#3*1N3#!b!50%#.!*#3)1>3#!bj!50%9!
<&0650/*1?#!dP!f%0)15'!g8h!1*!$%&2(%2&*1!'/$%'%(1!g8!ih!)46'31%0530)!+'!+&1/'=530*0,!*#41)2!
<&1/'=530*1!*#41)! 8! 8!i!
:0*%'&! bc! TU.UU!
G)0%')#50?! _a! b_.ab!!
G)0%*1(! S! S.bT!!
F&04!*#41)#! S_! Sd.__!!
G;W<Hl! ca! SUU!
s!8!t!8&0()0*?#q!8!i!t!'/$'%*1!/050N!
<'5')1?#!)46'31%0530)!1,#!*#41)!,0*%'&3#!gTU.UU!ih.!b_.ab!i!*#41)!$)0%')#50?.!50!S!
)46'31%053!gS.bT!ih!1,#!*#41)!$)0%*1(#.!Sd.__!i!)46'31%0530)!30!=&04!*#41)#9!B#!)+&#>#*30!
*1!'/6')'&15!0*!)46'31%053!g*!t!cah9!
<&0650/*1?#!cP!E+1$!)4'&?#!+'!$%#&'$%1!'%&'(!)!'//05(2!
! *! ,1*! ,#^! :! GD!
G%#&'$%!'%&'(! cT! S! d! b.c! S.b!
s!*!t!>%0)15'!'/6')#&3#3'-17q!,1*!t!*#3,#*3>#!)&0/*'$%q!,#^!t!*#3)0-3#!)&0/*'$%q!:!t!#&1%,0%1-*#!
$&0/1*#q!GD!t!$%#*/#&/*1!'/(5'*!
<')+&0-*#!$%#&'$%!'%&'(!)!)&%?2!30!b.c!50%#.!*#3*1N3#!S!50%'.!*#3)1>3#!d!50%9!
! ,
I0&(')*1(.! H*#! 1*! J'4,#*.!:#&2>#! g_USchP, $%&'()*0A()>)*1&2), ')B.()C<0'*1), =-)>L06&2+P, 0'-029!
:#61$%&$('!/05'9!;'+0&P!W<!<Ak9!
QQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQ!
bT!!
8"8"!"!, N./+&20(.6*+,(/0-)5,R,&'.-L+,,
<&0650/*1?#!VP!f%0)15'!g8h!1*!$%&2(%2&*1!'/$%'%(1!g8!ih!$%#&>0)!+'!$+'52!
G+'5!$%#&>0)!! 8! 8!i!
:'>(1! SS! Vj.VS!
R0*$(1! jc! SU.Sj!
G;W<Hl! SUV! SUU!
s!8!t!8&0()0*?#q!8!i!t!'/$'%*1!/050N!
@!#*(0%1! 30! $'/05')#5'! SUV! $%#&>0).! '/! %06#! jc! gVj.VS!ih!,#,! 1*! SS! gSU.Sj!ih!
'-0%')9!
<&0650/*1?#!jP!E+1$!)4'&?#!+'!$%#&'$%1!$%#&>0)!
! *! ,1*! ,#^! :! GD!
G%#&'$%!$%#&>0)! SUV! _a! aa! ba.ac! a.a_!
s!*!t!>%0)15'!'/6')#&3#3'-17q!,1*!t!*#3,#*3>#!)&0/*'$%q!,#^!t!*#3)0-3#!)&0/*'$%q!:!t!#&1%,0%1-*#!
$&0/1*#q!GD!t!$%#*/#&/*1!'/(5'*!
<')+&0-*#!$%#&'$%!$%#&>0)!30!ba.ac!50%#9!B#3*1N3#!$%#&'$%!$%#&>0)!30!_a!1*!*#3)1>3#!aa!
50%9!
<&0650/*1?#!SUP!f%0)15'!g8h!1*!$%&2(%2&*1!'/$%'%(1!g8!ih!$%#&>0)!+'!$%'+*31!14'==0!
G%'+*3#!14'==0!! 8!! 8!i!
G&0/*30>'5$(#! b_! bU.Sj!
@1>30>'5$(#! Sc! Sd.Ua!
@1$'('>'5$(#.!2*1)0&41%0%*#.!='5'*3$(#!S!1*!_9!$%'+*30!! Tb! TU.UU!
"*#*$%)0*1!,#61$%0&13.!/'(%'&#%! a! b.cc!
G;W<Hl! SUV! SUU!
s!8!t!8&0()0*?#q!8!i!t!'/$'%*1!/050N!
@0-!('%!+'5')1?#!#*(0%1&#*17!$%#&>0)!gTb.cc!ih!1,#!)1$'('>'5$('!14'=='!#51!)0-.!
Sd.Ua!i! 317! 1,#! )1>30>'5$('! 1*! bU.Sj!i! $&0/*30>'5$('! 14'=='9!B#! )+&#>#*30! *1$%#!
'/6')'&15#!/)#!$%#&>#!g*!t!SUdh9!
! !
I0&(')*1(.! H*#! 1*! J'4,#*.!:#&2>#! g_USchP, $%&'()*0A()>)*1&2), ')B.()C<0'*1), =-)>L06&2+P, 0'-029!
:#61$%&$('!/05'9!;'+0&P!W<!<Ak9!
QQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQ!
bd!!
<&0650/*1?#!SSP!f%0)15'!g8h!1*!$%&2(%2&*1!'/$%'%(1!g8!ih!'%&'(!+'!$+'52!'%&'(#!
G+'5!'%&'(#!! 8!! 8!i!
D0(51?#! aj! aT.bc!
D0-0(! Tj! Ta.db!
G;W<Hl! SUV! SUU!
s!8!t!8&0()0*?#q!8!i!t!'/$'%*1!/050N!
@0-!('%!+'5')1?#!gTa.db!ih!#*(0%1&#*17!$%#&>0)!1,#!$1*#!1*!aT.bc!i!7-0&9!
<&0650/*1?#!S_P!E+1$!)4'&?#!+'!$%#&'$%1!'%&'(!
! *! ,1*! ,#^! :! GD!
G%#&'$%!'%&'(! SUd! S! d! b.jd! S.__!
s!*!t!>%0)15'!'/6')#&3#3'-17q!,1*!t!*#3,#*3>#!)&0/*'$%q!,#^!t!*#3)0-3#!)&0/*'$%q!:!t!#&1%,0%1-*#!
$&0/1*#q!GD!t!$%#*/#&/*1!'/(5'*!
<')+&0-*#!$%#&'$%!'%&'(!30!b.jd!50%#.!*#3*1N3#!S!50%'.!*#3)1>3#!d!50%9!B#!)+&#>#*30!*1$%#!
'/6')'&15#!/)#!$%#&>#!g*!t!SUdh9!
6"6"6$ E-,;0:0>2,$$
@! )$(#)1! $,'! 2+'&#=151! #*(0%*1! )+&#>#5*1(.! (1! $,'! 6#! /05151! )46'31%0530,! %0&!
$%#&>0,9!@+&#>#5*1(!4#!$%#&>0!30!$0$%#)530*!14!/0,'6$(17!)+&#>#*3.!)+&#>#*3#!'!)1&2!
1*8'&,#?13! '! '%&'(')0,! $%#*32.! )+&#>#*3! '! $'/05')#*32! 1*! *#-1*2! $'/05')#*3#! $!
$%&'(')*3#(1!%0&!1*$%1%2?13#,1!4#!-2$%)0*'M)0/0*3$(0!%0N#)0O,'%*30.!$50/1!$(5'+!)+&#>#*3!
'!+'6'$%'$%1!%0N#)O,'%0*3!)0/0*3#.!,0&30*17!*#!+0%$%'+0*3$(1! 50$%)1?1!`1(0&%')06#!%1+#.!
)+&#>#*30!'!=050N0*32! )0/0*3#!+&1! '%&'(2.! -2$%)0*0,!'/41)2!*#!'%&'(')'!)0/0*30! %0&!
$(5'+! %&/1%0)! '! '/41)17! *#! '%&'(')'! *0+&1,0&*'! )0/0*30.! ,0&30*17! *#! +0%$%'+0*3$(1!
`1(0&%')1!50$%)1?1!$%&1*3#*3#9!I05'%0*!)+&#>#5*1(!4#!$%#&>0!4#30,#!Sd!)+&#>#*3.!'/!%06#!$'!
b!'/+&%06#! %1+#.!SU! 317! 30!4#+&%06#! %1+#.!+&1!b!+#!$'!$%#51>-#! 14&#N0*#!$!+0%$%'+0*3$('!
`1(0&%')'!50$%)1?'!$%&1*3#*3#9!
H*(0%*1! )+&#>#5*1(! 4#! )46'31%0530! 30! $0$%#)530*! 14! $(5'+#! )+&#>#*3.! (1! 4#30,#3'!
/0,'6$(0! +'/#%(0.! ('%! $'! $%#&'$%.! $+'5! )46'31%0530)! 1*! '%&'(.! 14'==#.! *#41)! %0&!
/05')*#!/'=#!)46'31%0530)9!D&261!$(5'+!$0!*#*#>#!*#!)+&#>#*3#!'!$+&0,53#*32!51%0&#%2&0.!
$'/05')#*32!$!$%&'(')*3#(1!)!)46'3*'M14'=&#N0)#5*1! 1*$%1%2?131! 1*!42*#*317! 1*$%1%2?13#7!4#!
-2$%)0*'M)0/0*3$(0!%0N#)0O,'%*30!'%&'(!%0&!'!+'6'$%'$%1!%0N#)O,'%0*3!)0/0*3#!+&1!'%&'(2!
1*!2(&0+#*32!'=!'%&'(')0,!*0+&1,0&*0,!)0/0*329!@+&#>#5*1(!4#!)46'31%0530!4#30,#!_U!
I0&(')*1(.! H*#! 1*! J'4,#*.!:#&2>#! g_USchP, $%&'()*0A()>)*1&2), ')B.()C<0'*1), =-)>L06&2+P, 0'-029!
:#61$%&$('!/05'9!;'+0&P!W<!<Ak9!
QQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQ!
bc!!
)+&#>#*3.! '/! %06#! $'! b! '/+&%06#! %1+#.! S_! 317! 30! 4#+&%06#! %1+#.! +&1! T! +#! $'! $%#51>-#! )!
(',=1*#?131!4!'?0*30)#5*'!50$%)1?'!14&#N0*#!4!`1(0&%')'!+0%$%'+0*3$('!50$%)1?'!$%&1*3#*3#9!
6"6"9$ E0'(0;*2$/=,-.+1.$;0<.(20)$$
<'/#%(0! $,'! 4=3! 4! .')'&',! 1*! /')'530*30,! &#)*#%0531?0! %0&! &#)*#%053#9!
@+&#>#5*1(0!4#!)46'31%0530!$,'!/05151!+'!)&%?17.!)+&#>#5*1(0!4#!$%#&>0!+#!)46'31%0531?#,.!
(1!$'!317!*#%'!+'$&0/')#50!$%#&>0,9!@+&#>#5*1(1!$'!=151!/0530*1!)!,0$0?2!,#&?2!_USc9!
<'!0*0,!,0$0?2!30!=15'!)&*30*17!cd!)+&#>#5*1(')!4#!)46'31%0530.!'/!%06#!317!30!=15'!cT!gjj!
ih!)053#)*'!&0>0*17.!S!gS!ih!30!=15!*0)053#)0*.!%0&!SUV!)+&#>#5*1(')!4#!$%#&>09!
6"6"K$ E0'(0;*2$0=<*5.)*$;0<.(20)$$
E=/05#)#! +'/#%(')! 30! +'%0(#5#! $! +&'6&#,$(1,! '&'/30,! G<GG9! E+1$*0!
$+&0,0*531)(0! $'! +&1(#4#*0! $! 8&0()0*?#,1! 1*! /050N1.! >%0)15$(0! 4! *#3,#*3>'.! *#3)0-3'!
)&0/*'$%3'.! #&1%,0%1-*'! $&0/1*'! 1*! $%#*/#&/*1,! '/(5'*',9! X1+'%040! $,'! +&0)0&3#51! $!
+','-3'! 2$%&04*17! $%#%1$%1-*17! %0$%')9! X1+'%040! $,'! %0$%13! $! +','-3'! ǃ-*17!
$%#%1$%1-*17! %0$%')9! W+'&#=151! $,'! 71M()#/&#%! +&014(2$! 4#! +&0)0&3#*30! 71+'%04! '! 0*#(17!
/050N17! '/6')#&3#3'-17! +'! '/6')'&*17! (#%06'&13#79! "#! +&0)0&3#*30! +')04#*'$%1! ,0/!
$+&0,0*531)(#,#!$,'!2+'&#=151!G+0#&,#*')!('081?10*%!('&05#?1309!"#!+&0)0&3#*30!ǃ(!
)!+')+&0-*17!)&0/*'$%17!,0/!ǃ-*1,1!%&/1%)#,1.!*#!(#%0&0!$'!'/6')#&3#51!1$%1!#*(0%1&#*?1.!
$,'!2+'&#=151!#*#514'!)#&1#*?0!4#!+'*')530*0!,0&1%)09!@053#)*'$%!,0&30*3#!$,'!+&0)0&151!
$!8#(%'&$('!#*#514'.!4#*0$531)'$%!+#!$!I&'*=#?7')1,!#58'9!!
X1+'%040!$,'!%0$%13!+&1!$%'+*31!4*#-15*'$%1!u!t!U.UT9!<M)&0/*'$%!30!*#3,#*3>#.!+&1!
(#%0&1! >0! 4#)&*0,'! *1-05*'! 71+'%04'9! ;#/#&! 30! +M)&0/*'$%! ,#*3>#! #51! 0*#(#! U.UT.!
$+&03,0,'!#5%0&*#%1)*'!71+'%04'9!
) )
I0&(')*1(.! H*#! 1*! J'4,#*.!:#&2>#! g_USchP, $%&'()*0A()>)*1&2), ')B.()C<0'*1), =-)>L06&2+P, 0'-029!
:#61$%&$('!/05'9!;'+0&P!W<!<Ak9!
QQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQ!
bV!!
\U_)&HKBJ>:><)<I)?:KE?:L:)?:K<=@:LH))
6"9"#$ L*/&5(.(,$,+$-./;-.).$-./,'2.)*$)/801,(*51*)$,
@+&#>#*30!dP!G+'5!'%&'(#.!+&1!(#%0&0,!$0!+'6'$%030!+'3#)53#3'!%0N#)0O,'%*30!+&1!)0/0*32!
)!)#>0,!'//05(2v!
<&0650/*1?#! SbP!G+'5! '%&'(#.! +&1! (#%0&0,!$0! +'6'$%030! +'3#)53#3'! -2$%)0*'M)0/0*3$(0!
%0N#)0O,'%*30!
G+'5!'%&'(#! 8! 8!i!
D0-0(! dS! VS.bb!!
D0(51?#! Sa! SV.dc!!
G;W<Hl! cT! SUU!!
s!8!t!8&0()0*?#q!8!i!t!'/$'%*1!/050N!
@46'31%0531!*#)#3#3'.!/#!$0!)!*317')0,!'//05(2!%0N#)0O,'%*30!+'6'$%030!+'3#)53#3'!+&1!
/0-(17!gVS.bb!ih!('%!+&1!/0(51?#7!gSV.dc!ih9!
@+&#>#*30! VP! G%'+*3#! $%&1*3#*3#! 650/0! %&/1%0)! '! $+&0,53#*32! $%&'(')*0! 51%0&#%2&0! 1*! '!
2/050N=1!14'=&#N0)#*3!$!+'/&'-3#!-2$%)0*'M)0/0*3$(17!%0N#)O,'%0*3v!
<&0650/*1?#!SaP!G+&0,53#*30! 51%0&#%2&0! 1*!2/050N=#! 14'=&#N0)#*3! $!+'/&'-3#! -2$%)0*'M
)0/0*3$(17!%0N#)O,'%0*3!
C&/1%0)!!
E?0*#! :! GD!
!! ! S! _! b! a! T! G(2+#3! !! !!
J0/*'!
$+&0,53#,!
51%0&#%2&'!$!
+'/&'-3#!
-2$%)0*'M
)0/0*3$(17!%0N#)M
,'%0*3!'%&'(#9!
8! _! V! b_! _d! c! cT! b.aU! U.jU!
8!
i!
bi! SSi! abi! bTi! ji! SUUi!
J0/*'!$0!
2/050N230,!
14'=&#N0)#*3!$!
+'/&'-3#!
!
8! c! Sa! _V! _U! d! cT!
b.SU! S.UV!
8!i!
ji! Sji! bci! _ci! Vi! SUUi!
I0&(')*1(.! H*#! 1*! J'4,#*.! :#&2>#! g_USchP, $%&'()*0A()>)*1&2), ')B.()C<0'*1), =-)>L06&2+P, 0'-029!
:#61$%&$('!/05'9!;'+0&P!W<!<Ak9!
QQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQ!
bj!!
-2$%)0*'M
)0/0*3$(17!%0N#)M
,'%0*3!+&1!'%&'(29!
s!8!t!8&0()0*?#q!8!i!t!'/$'%*1!/050Nq!:!t!#&1%,0%1-*#!$&0/1*#q!GD!t!$%#*/#&/*1!'/(5'*!
cT! )! )$(#)'! )(532-0*17! )46'31%0530)! 30! *#! )+&#>#*30.! -0! $+&0,53#3'! $%&'(')*'!
51%0&#%2&'! %0&! $0! 2/050N2303'! 14'=&#N0)#*3! $! +'/&'-3#! -2$%)0*'M)0/0*3$(17! ,'%0*3.!
'/6')'&15'.! /#! ='53! +'6'$%'! $+&0,53#3'! 51%0&#%2&'! ('%! $0! 2/050N13'! 14'=&#N0)#*39! j! i!
)46'31%0530)!405'!+'6'$%'!$+&0,53#!$%&'(')*'!51%0&#%2&'.!bT!i!+'6'$%'.!ab!i!)-#$17.!SS!
i!&0/('.!50!/)#!gb!ih!+#!3'!+&0=1&#%#!405'!&0/('9!!
V!i!)46'31%0530)!$0!405'!+'6'$%'!2/050N230!14'=&#N0)#*3.!_c!i!+'6'$%'.!bc!i!)-#$17.!
Sj!i!&0/('!1*!j!i!405'!&0/('9!!
@+&#>#*30!jP!H51!$1!4#+1$230%0!'41&',#!=050N1%0!,'%0-0!)1/1(0!)0/0*3#!+&1!'%&'(2v!
<&0650/*1?#!STP!F050N0*30!,'%0-06#!)0/0*3#!+&1!'%&'(2!
F050N0*30!)0/0*3#! 8! 8!i!
D#! dU! VV._a!!
B0! V! SS.!dc!
G;W<Hl! dV! SUU!!
s!8!t!8&0()0*?#q!8!i!t!'/$'%*1!/050N!
@0-1*#!)46'31%0530)!gVV._a!ih!$1!4#+1$230!,'%0-0!)1/1(0!)0/0*3#!+&1!'%&'(2.!50!,#370*!
/050N!gSS.dc!ih!+#!*09!B#!%'!)+&#>#*30!30!'/6')'&15'!dV!)46'31%0530)!gjS!ih.!'/!c!gj!ih!
'/6')'&#!*1$,'!+&030519!
@+&#>#*30!SUP!H51!+&1!/052!4!'%&'(1!$!-2$%)0*'M)0/0*3$(1,1!%0N#)#,1O,'%*3#,1!$'/05230%0!
4!42*#*31,1!1*$%1%2?13#,1!g"D.!IGD.!"#)'/!4#!>'5$%)'!rhv!
<&0650/*1?#!SdP!G'/05')#*30!)46'31%0530)!4!42*#*31,1!1*$%1%2?13#,1!
G'/05')#*30!4!1*$%1%2?13#,1! 8! 8!i!
D#! _U! _d.dc!
B0! TT! cb.bb!
G;W<Hl! cT! SUU!!
s!8!t!8&0()0*?#q!8!i!t!'/$'%*1!/050N!
@0-!('%!%&0%31*#!)46'31%0530)!gcb.bb!ih!4#&#/1!/05#!4!'%&'(',.!(1!1,#!-2$%)0*'M)0/0*3$(0!
%0N#)0O,'%*30.!*0!$'/05230!4!42*#*31,1!1*$%1%2?13#,1.!_d.dc!i!317!30!$'/05')#*30!+'%&/15'9!!
I0&(')*1(.! H*#! 1*! J'4,#*.! :#&2>#! g_USchP, $%&'()*0A()>)*1&2), ')B.()C<0'*1), =-)>L06&2+P, 0'-029!
:#61$%&$('!/05'9!;'+0&P!W<!<Ak9!
QQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQ!
aU!!
@+&#>#*30!SSP!G!(#%0&1,1!1*$%1%2?13#,1!*#3+'6'$%030!$'/05230%0v!
<&0650/*1?#!ScP!G'/05')#*30!)46'31%0530)!4!42*#*31,1!1*$%1%2?13#,1!
! 8! 8!i!
"/&#)$%)0*1!/',! c! _T.jb!
I0*%0&!4#!$'?1#5*'!/05'! S_! aa.aa!
"#)'/!4#!>'5$%)'!1*!>+'&%! _! c.aS!
D&26'! d! __.__!
s!8!t!8&0()0*?#q!8!i!t!'/$'%*1!/050N!
B#3)0-31! /050N! )46'31%0530)! gaa.aa!ih! $'/05230! $! +&1$%'3*1,! ?0*%&',! 4#! $'?1#5*'! /05'.!
'$%#51!+#!4!4/&#)$%)0*1,!/',',!g_T.jb!ih!1*!4!4#)'/',!4#!>'5$%)'!1*!>+'&%!gc.aS!ih9!
f0$%! )46'31%0530)! g__.! __!ih! $0! 30! '/5'-15'! 4#! '/6')'&! o/&26'p9! f%1&30! $'! *#)0/51.! /#!
*#3+'6'$%030! $'/052303'! $! $+0?1#5*1,! +0/#6'6',! 1*! 5'6'+0/',.! /)#! )46'31%053#! +#! $!
+$17'5'6',9!
@+&#>#*30!S_P!G!(#%0&1,1!$%&'(')*3#(1!)!)46'3*'M14'=&#N0)#5*1! 1*$%1%2?131!$'/05230%0.!('!
4#4*#%0!'%&'(')0!-2$%)0*'M)0/0*3$(0!%0N#)0O,'%*30v!
<&0650/*1?#!SVP!G'/05')#*30!$!$%&'(')*3#(1!)!)46'3*'M14'=&#N0)#5*1!1*$%1%2?131!
! 8! 8!i!
G)0%')#5*#!$52N=#! dV! aa.Sd!
@46'31%053.!+','-*1(!)46'31%053#! ac! bU.T_!
J#)*#%053! T! b._T!
<0/#6'>(1!)'/3#! _d! Sd.VV!
B0!$'/05230,!$!$%&'(')*3#(1! _! S.bU!
D&26'! d! b.jU!
s!8!t!8&0()0*?#q!8!i!t!'/$'%*1!/050N!
<&1!)+&#>#*32.!$!(#%0&1,1!$%&'(')*3#(1!)!)46'3*'M14'=&#N0)#5*1!1*$%1%2?13#,1!$'/052303'!
)46'31%0531!)!+&1,0&2!%0N#)O,'%0*3!)!)0/0*32.!$'!%1!*#3+'6'$%030!14=3!$)0%')#5*'!$52N='!
gaa.Sd!ih.!*#%'!/&260!)46'31%0530!'41&',#!+','-*1(0!)46'31%0530)!gbU.T_!ih9!@46'31%0531!
$0!'=&*03'!+'!+','-!%2/1!(!+0/#6'>(1!)'/31!gSd.VV!ih.!&0/(1!(!&#)*#%0532!gb._T!ih.! 50!
,#370*!/050N!gS.bU!ih!+#!*0!$'/05230!4!*'=0*1,!$%&'(')*3#(',9!E/6')'&!o/&26'p!30!
14='!d!)46'31%0530)!gb.jU!ihP!_!$'/05230%#!$!$+0?1#5*1,!+0/#6'6',.!'$%#51!$'!*#)0/51!
>0! $'/05')#*30! $! $'?1#5*1,! +0/#6'6',.! $! +','-*1?'! &#)*#%0531?0.! 4! 5'6'+0/',.! $!
8141'%0&#+0)%',!1*!$)0%')#5*'!$52N='9!!
I0&(')*1(.! H*#! 1*! J'4,#*.!:#&2>#! g_USchP, $%&'()*0A()>)*1&2), ')B.()C<0'*1), =-)>L06&2+P, 0'-029!
:#61$%&$('!/05'9!;'+0&P!W<!<Ak9!
QQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQ!
aS!!
@+&#>#*30!SbP!;/#3!$0!'=&*0%0!+'!+','-!$%&'(')*0!$52N=0!)!)&%?2v!!
<&0650/*1?#!SjP!<','-!$%&'(')*0!$52N=0!)!)&%?2!650/0!*#!+'/#*0!%&/1%)0!
! 8! 8!i!
C#('3.!('!4#4*#,!-2$%)0*'M)0/0*3$(0!%0N#)0O,'%*30!'%&'(#9! d! T.ja!
!
;'!+&1!'%&'(2!/530!-#$#!4#4*#)#,!-2$%)0*'M)0/0*3$(0!%0N#)0O,'%*309! TT! Ta.ad!
!
<'!+'6')'&2!$!$%#&>1!'%&'(#!$!-2$%)0*'M)0/0*3$(1,1!
%0N#)#,1O,'%*3#,19! bc! bd.db!
!
D&26'!! b! _.jc!
s!8!t!8&0()0*?#q!8!i!t!'/$'%*1!/050N!
"#!*#$)0%! 1*! +','-! $%&'(')*0! $52N=0! $0! )0-! ('%! +'5')1?#! gTa.ad!ih! )46'31%0530)!
'/5'-1.!('!+&1!'%&'(2!/530!-#$#!4#4*#)#3'!-2$%)0*'M)0/0*3$(0!%0N#)0O,'%*309!<&1=51N*'!
%&0%31*#!$'/05230!$!$)0%')#5*'!$52N='!+'!+'6')'&2!$!$%#&>1!'%&'(#!$!-2$%)0*'M)0/0*3$('!
%0N#)'O,'%*3'9!`0!&0/(0!)46'31%0531?0!gT.ja!ih!$0!'=&*03'!+'!+','-!$)0%')#5*0!$52N=0!
%#('3.! ('! 4#4*#3'! -2$%)0*'M)0/0*3$(0! %0N#)0O,'%*309! <'/! '/6')'&! o/&26'p! $'! b!
)46'31%0531! g_.jc! ih! *#+1$#51.! /#! $0! +'! +','-! $%&'(')*0! $52N=0! '=&*03'.! )! ('51('&! 30!
+'%&0=*#!'=&#)*#)#.!('!*0!*#3/03'!2$%&04*17!&0>1%0)!1*!)!1430,*17!+&1,0&179!
@+&#>#*30!SaP!H51!$0!'=!*0+&1,0&*0,!'%&'(')0,!)0/0*32!+'6')'&1%0!4!*31,v!
<&0650/*1?#!_UP!<'6')'&!4!'%&'(',!'=!*0+&1,0&*0,!)0/0*32!
<'6')'&!4!'%&'(',! 8! 8!i!
D#! dT! Vd.dc!
B0! a! T.bb!
@-#$17! d! V.UU!
G;W<Hl! cT! SUU!
s!8!t!8&0()0*?#q!8!i!t!'/$'%*1!/050N!
;'%!$,'!+&1-#(')#51.!$0!)051(!/050N!)46'31%0530)!gVd.dc!ih!*#3+&03!+'6')'&1!4!'%&'(',9!
@46'31%0530).!(1!$0!*0!+'6')'&13'!gT.bb!ih!#51!+'6')'&13'!50!)-#$17!gV.UU!ih.!30!50!/0$0%1*#9!
! !
I0&(')*1(.! H*#! 1*! J'4,#*.!:#&2>#! g_USchP, $%&'()*0A()>)*1&2), ')B.()C<0'*1), =-)>L06&2+P, 0'-029!
:#61$%&$('!/05'9!;'+0&P!W<!<Ak9!
QQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQ!
a_!!
@+&#>#*30!STP!H51!'=!'%&'(')0,!*0+&1,0&*0,!)0/0*32!$'/05230%0!$!$%#&>1v!
<&0650/*1?#!_SP!G'/05')#*30!$!$%#&>1!'=!'%&'(')0,!*0+&1,0&*0,!)0/0*32!
G'/05')#*30!$!$%#&>1! 8! 8!i!
D#! dc! Vj.bb!
B0! U! U.UU!
@-#$17! V! SU.dc!
G;W<Hl! cT! SUU!
s!8!t!8&0()0*?#q!8!i!t!'/$'%*1!/050N!
G('!)$1!)46'31%0531!gVj.bb!ih!$0!'=!'%&'(')0,!*0+&1,0&*0,!)0/0*32!+'6')'&13'!$!
$%#&>19!B17-0!'/!)46'31%0530)!*1!'/6')'&15.!/#!*0!$'/05230!4!*31,1.!30!+#!*0(#3!)46'31%0530)!
gSU.dc!ih!%#(>*17.!(1!$0!*0!+'6')'&13'!)0/*'9!
@+&#>#*30! SdP! B#! (#(>0*! *#-1*! '=)0>-#%0! $%#&>0! '! '%&'(')17! -2$%)0*'M)0/0*3$(17!
%0N#)#7O,'%*3#7v!
<&0650/*1?#!__P!B#-1*!'=)0>-#*3#!$%#&>0)!
!! 8! 8!i!
B#!+'6')'&*17!2! dj! dU.UU!
<'!%0508'*2! _! S.ca!
<&0('!+1$0,O$+'&'-15! a! b.aV!
G+&'%1!+&1!$+&030,2!#51!'//#31!'%&'(#! bj! bb.jS!
D&26'!! S! U.Vc!
s!8!t!8&0()0*?#q!8!i!t!'/$'%*1!/050N!
@!)&%?2!+'%0(#3'!0*(&#%!,0$0-*'!+'6')'&*0!2&0!1*!%#(&#%!*#3)0-!)46'31%0530)!gdU.UU!
ih!'=)0$%1!$%#&>0!'!'%&'(')0,!)0/0*329!"!*31,1!$0!)46'31%0531!+'6')'&13'!%2/1!+&1!$+&030,2!
#51!'//#31!'%&'(#!gbb.jS!ih.!+&0('!+1$0,O$+'&'-15!gb.aV!ih!1*!+'!%0508'*2!gS.ca!ih9!A*!
)46'31%053! 30!+'/!'/6')'&!o/&26'p!*#+1$#5.!/#!$0!+'6')'&1!'=!4#4*#)1!%0N#).!)0*/#&!*1!
*#)0/05.!*#!(#(>0*!*#-1*!'=)0$%1!$%#&>09!
@+&#>#*30!ScP!B#3+'6'$%03>0!-2$%)0*'M)0/0*3$(0!%0N#)0O,'%*30!+&1!'%&'?17!
! !
I0&(')*1(.! H*#! 1*! J'4,#*.! :#&2>#! g_USchP, $%&'()*0A()>)*1&2), ')B.()C<0'*1), =-)>L06&2+P, 0'-029!
:#61$%&$('!/05'9!;'+0&P!W<!<Ak9!
QQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQ!
ab!!
<&0650/*1?#!_bP!L2$%)0*'M)0/0*3$(0!%0N#)0O,'%*30!+&1!'%&'?17!
C&/1%0)!E?0*#!
:! GD!
!! ! S! _! b! a! T! G(2+#3! !! !!
E/,#(*30*'$%.!
14'61=#*30!
)&$%*1(',!
8! bc! Sc! SU! T! U! dj! S.VU! U.jd!
!
8!i! Tai! _Ti! Sai! ci! Ui! SUUi!
B#$1530!/'!
)&$%*1(')!
8! S_! ST! _T! Sb! V! cb! _.jU! S.__!
8!i! Sdi! _Si! bai! SVi! SSi! SUUi!
L2$%)0*1!*0,1&! 8! SV! SS! Sc! Sa! S_! c_! _.jU! S.a_!
8!i! _Ti! STi! _ai! Sji! Sci! SUUi!
E/$'%*'$%! 8! _j! Sa! SS! ST! _! cS! _.bU! S._c!
8!i! aSi! _Ui! STi! _Si! bi! SUUi!
K$(#*30!
+'4'&*'$%1!
8! T! d! Sa! _b! _a! c_! b.VU! S._!
8!i! ci! Vi! Sji! b_i! bbi! SUUi!
C&,#! 8! j! SS! __! Sb! Sc! c_! b.bU! S.b_!
8!i! Sbi! STi! bSi! SVi! _ai! SUUi!
G%! 8! _d! __! ST! d! S! cU! _.SU! S.Ub!
8!i! bci! bSi! _Si! ji! Si! SUUi!
<'6'$%1!14=&271.!
14+#/1!
8! Sa! ST! Sc! ST! SU! cS! _.jU! S.ba!
8!i! _Ui! _Si! _ai! _Si! Sai! SUUi!
F'50-1*0!)!
%&0=272.!
,'-0*30.!/&1$(#!
8! ab! Sd! j! _! U! cU! S.dU! U.Vb!
!
8!i! dSi! _bi! Sbi! bi! Ui! SUUi!
e&140*30!*'7%')! 8! aa! Sj! d! U! S! cU! S.TU! U.cV!
8!i! dbi! _ci! ji! Ui! Si! SUUi!
W6')#&3#*30!
'/&#$51,!
8! Sc! _U! Sd! Sa! a! cS! _.TU! S.__!
8!i! _ai! _Vi! _bi! _Ui! di! SUUi!
W*1-0)#5*'$%! 8! b_! Sd! S_! j! S! cU! _.UU! S.Sa!
8!i! adi! _bi! Sci! Sbi! Si! SUUi!
B0,1&*'$%! 8! c! Sc! SS! _b! Sa! c_! b.bU! S._j!
8!i! SUi! _ai! STi! b_i! Sji! SUUi!
D&26'!! 8! U! U! U! S! U! S! a.UU! U.UU!
8!i! Ui! Ui! Ui! SUUi! Ui! SUUi!
s!8!t!8&0()0*?#q!8!i!t!'/$'%*1!/050Nq!:!t!#&1%,0%1-*#!$&0/1*#q!GD!t!$%#*/#&/*1!'/(5'*!
I0&(')*1(.! H*#! 1*! J'4,#*.!:#&2>#! g_USchP, $%&'()*0A()>)*1&2), ')B.()C<0'*1), =-)>L06&2+P, 0'-029!
:#61$%&$('!/05'9!;'+0&P!W<!<Ak9!
QQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQ!
aa!!
@46'31%0531!*#3)0-(&#%!'+#413'!'%&'(')0!%0N#)0O,'%*30!)0/0*3#!('%!1$(#*30!+'4'&*'$%1!
g:!t!b.VUh.! %&,'!g:!t!b.bUh! 1*!*0,1&*'$%!g:!t!b.bUh9!G50/13'!*#$1530!/'!)&$%*1(')!g:!t!
_.jUh.! -2$%)0*1! *0,1&! g:! t! _.jUh.! +'6'$%1! 14=&271! 1*! 14+#/1! g:! t! _.jUh.! 26')#&3#*30!
'/&#$51,!g:!t!_.TUh.!'/$'%*'$%!g:!t!_.bUh!1*!$%!g:!t!_.SUh.!2*1-0)#5*'$%!g:!t!_.UUh9!
@46'31%0531! $'! *#)0/51.! /#! $0! '/! /#*17! )0/0*3! *#3,#*3(&#%! +'3#)13'! '/,#(*30*'$%.!
14'61=#*30! )&$%*1(',! g:! t! S.VUh.! ='50-1*0! )! %&0=272.!,'-0*30.! /&1$(#! g:! t! S.dUh! %0&!
6&140*30! *'7%')! g:!t! S.TUh9! <'/! &2=&1('! o/&26'p! 30! 0*! )46'31%053! *#)0/05! )0&=#5*'! 1*!
8141-*'!*#$1530!*#/!)46'31%0530,9!!
D#!'%&'?1!405'!+'6'$%'! 1>-03'!+'4'&*'$%.!'+#N#!bb!i!)46'31%0530).!/#! 3'!+'6'$%'.!
'+#N#!b_!i!)46'31%0530).!Sj!i!3'!)-#$17.!V!i!&0/('!%0&!c!i!405'!&0/('9!!
_a!i!)46'31%0530)!+&1!'%&'?17!405'!+'6'$%'!'+#N#3'!%&,'.!SV!i!+'6'$%'.!bS!i!)-#$17.!
ST!i!&0/('!'+#41!%&,'!%0&!Sb!i!405'!&0/('9!!
<&1! *0,1&*'$%1! 30! *#3)0-! )46'31%0530)! *#)0/5'.! /#! +&1! '%&'?17! +'6'$%'! '+#413'!
*0,1&*'$%!gb_!ih.!Sj!i!3'!'+#41!405'!+'6'$%'.!ST!i!)-#$17.!_a!i!&0/('!%0&!SU!i!405'!
&0/('9!
E/,#(*30*'$%!1*!14'61=#*30!)&$%*1(',!Ta!i!)46'31%0530)!'+#41!405'!&0/('.!,0/%0,!
('!*17-0!*0!'+#41!%#(06#!)0/0*3#!405'!+'6'$%'9!F'50-1*0!)!%&0=272.!,'-0*30.!/&1$('!405'!
&0/('!'+#41!dS!i!)46'31%0530).!*17-0!405'!+'6'$%'9!B#3&0/(030!$'!)46'31%0531!*#)0/51.!/#!
'+#413'!6&140*30!*'7%').!1*!$1?0&!317!db!i!%'!'+#41!405'!&0/('.!_c!i!&0/('.!50!0*!)46'31%053!
'+#41!6&140*30!*'7%')!405'!+'6'$%'9!
@+&#>#*30! SVP! G%&1*3#*30! $! %&/1%)13'.! /#! $'! '%&'?1.! (1! 1,#3'! -2$%)0*'M)0/0*3$(0!
%0N#)0O,'%*30.!405'!,'%0-1!4#!'('51?'!1*!'*0,'6'-#3'!/05'!)!'//05(2!
! !
I0&(')*1(.! H*#! 1*! J'4,#*.! :#&2>#! g_USchP, $%&'()*0A()>)*1&2), ')B.()C<0'*1), =-)>L06&2+P, 0'-029!
:#61$%&$('!/05'9!;'+0&P!W<!<Ak9!
QQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQ!
aT!!
<&0650/*1?#!_aP!E%&'?1!$!-2$%)0*'M)0/0*3$(1,1!%0N#)#,1O,'%*3#,1!$'!,'%0-1!4#!'('51?'!
C&/1%0)!!
E?0*#! :! GD!
!! S!! _!! b!! a!! T!! G(2+#3! !! !!
E%&'?1.!(1!
1,#3'!
-2$%)0*'M
)0/0*3$(0!
%0N#)0M
,'%*30.!$'!
405'!,'%0-1!
4#!'('51?'!1*!
'*0,'6'-#3'!
/05'!)!
'//05(29!
8!U! d! j! ad! Sa! cT!
b.jU! U.cj!
8!i!
Ui! Vi! S_i! dSi! Sji! SUUi!s!8!t!8&0()0*?#q!8!i!t!'/$'%*1!/050Nq!:!t!#&1%,0%1-*#!$&0/1*#q!GD!t!$%#*/#&/*1!'/(5'*!
Sj!i!)46'31%0530)!$0!+'+'5*',#!$%&1*3#!$!%&/1%)13'.!/#!$'!'%&'?1!$!-2$%)0*'M)0/0*3$(1,1!
%0N#)#,1O,'%*3#,1!,'%0-1!4#!'('51?'9!B17-0!'/!)46'31%0530)!$0!$!%0,!$+5'7!*0!$%&1*3#.!V!
i!$0!317!*0!$%&1*3#.!S_!i!$0!317!*0!,'&0!'/5'-1%1.!*#3)0-31!/050N!gdS!ih!$0!$!%'!%&/1%)13'!
/05*'!$%&1*3#9!!
@+&#>#*30!SjP!;#('!2(&0+#%0!'=!'%&'(')0,!*0N050*0,!)0/0*32v!
<&0650/*1?#!_TP!@46'31%0530)'!2(&0+#*30!'=!'%&'(')0,!*0+&1,0&*0,!)0/0*32!
C&/1%)0! E?0*#! :! GD!
!! ! S! _! b! a! T! G(2+#3! !! !!
W,1(!'%&'(#!)!
/&26!+&'$%'&!
8! TV! j! b! _! S! cb! S.bU! U.V!
8!i! cji! S_i! ai! bi! Si! SUUi!
K6*'&1&#*30! 8! a_! Sc! j! T! U! cb! S.cU! U.ja!
8!i! TVi! _bi! S_i! ci! Ui! SUUi!
<')0,.!/#!30!
)0/0*30!
*0$+&030,531)'!
8! b! U! d! _U! aa! cb! a.aU! U.jT!
!
8!i! ai! Ui! Vi! _ci! dUi! SUUi!
;#4*')#*30!
'%&'(#!
8! Tb! SU! d! b! U! c_! S.aU! U.V_!
8!i! cai! Sai! Vi! ai! Ui! SUUi!
I0&(')*1(.! H*#! 1*! J'4,#*.! :#&2>#! g_USchP, $%&'()*0A()>)*1&2), ')B.()C<0'*1), =-)>L06&2+P, 0'-029!
:#61$%&$('!/05'9!;'+0&P!W<!<Ak9!
QQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQ!
ad!!
<'6')'&!4!
'%&'(',!
8! _! S! S! Sa! Tc! cT! a.dU! U.V_!
8!i! bi! Si! Si! Sji! cdi! SUUi!
<'6')'&!$!
$)0%')#5*'!
$52N='!
8! a! ST! _V! Sb! S_! c_! b._U! S.S_!
!
8!i! di! _Si! bji! SVi! Sci! SUUi!
<'6')'&!!
$!$%#&>1!
8! S! S! Sj! _a! _V! cb! a.SU! U.jS!
!
8!i!
!
Si! Si! _di! bbi! bVi! SUUi!
s!8!t!8&0()0*?#q!8!i!t!'/$'%*1!/050Nq!:!t!#&1%,0%1-*#!$&0/1*#q!GD!t!$%#*/#&/*1!'/(5'*!
@46'31%0530,!30!'=!'%&'(')0,!*0+&1,0&*0,!)0/0*32!405'!+',0,=0*!+'6')'&!4!*31,!
g:!t!a.dUh!%0&!%'.!/#!'%&'(2!+')03'.!/#!30!*306')'!)0/0*30!*0$+&030,531)'!g:!t!a.aUh9!
@46'31%0531!$0!+'6')'&13'!$!$%#&>1!g:!t!a.SUh.!>050!*#%'!$!$)0%')#5*'!$52N='!g:!t!b._Uh9!
"05'!&0/('!$0!)46'31%0531!+'$52N2303'!16*'&1&#*3#!g:!t!S.cUh.!(#4*')#*3#!'%&'(#!g:!t!S.aUh!
%0&!%06#.!/#!=1!'%&'(#!+&0,0$%151!)!/&26!+&'$%'&!g:!t!S.bUh9!!
cd!i!)46'31%0530)!$0!'=!*0+&1,0&*0,!)0/0*32!405'!+'6'$%'!+'6')'&1!4!'%&'(',.!Sj!
i!$0!317!+'6')'&1!+'6'$%'.!T!i!$0!317!+'6')'&1!)-#$17.!&0/('!#51!405'!&0/('9!
@0-! ('%! +'5')1?#! gdU! ih! )46'31%0530)! '%&'(2! +')0.! /#! 30! *306')'! )0/0*30!
*0$+&030,531)'.!_c!i!317!+'6'$%'!'+'4'&1!*#!%'.!'$%#517!S_!i!317!%'!+')0!&0/('!#51!405'!
&0/('9!!
G!$%#&>1!$0!405'!+'6'$%'!%0&!+'6'$%'!+'6')'&1!cS!i!)46'31%0530).!(#&!+',0*1.!/#!$0!
317! %&0%31*#! +'6')'&1! 4! *31,1! '=! *#$%#*(2! %0N#).! 50! /)#! )46'31%053#! $%#! $0! '/5'-15#! 4#!
'/6')'&.!/#!$0!&0/('!#51!405'!&0/('!+'6')'&1%#!'=!4#4*#)1!*0+&1,0&*06#!)0/0*3#9!
G!$)0%')#5*'!$52N='!$0!+'6')'&1!)0-1*.!)0*/#&!$#,'!)-#$17!gbj!i!h.!Sc!i! 317! %'!
*#&0/1!405'!+'6'$%'.!SV!i!+'6'$%'.!_S!i!&0/('!%0&!d!i!405'!&0/('9!!
@0-!('%!+'5')1?#!)46'31%0530)!'%&'(#!'=!*0+&1,0&*0,!)0/0*32!405'!&0/('!16*'&1&#!gTV!
ih.!*17-0!6#!*0!16*'&1&#!405'!+'6'$%'9!ca!i!)46'31%0530)!405'!&0/('!'%&'(#!(#4*230.!*17-0!
%06#!*0!/05#!405'!+'6'$%'9!cj!i!)46'31%0530)!405'!&0/('!2,#(*0!'%&'(#!)!/&26!+&'$%'&9!
<&1! %0,! )+&#>#*32! 30! )051('! )46'31%0530)! /'+1$#5'.! /#! *1('51! *0! +'>5303'! '%&'(#! )! /&26!
+&'$%'&9!A*!)46'31%053!405'!+'6'$%'!2,#(*0!'%&'(#!)!/&26!+&'$%'&9!
@+&#>#*30!_UP!D03#)*1(1.!4#&#/1!(#%0&17!$0!+'3#)13'!-2$%)0*'M)0/0*3$(0!%0N#)0O,'%*30!+&1!
'%&'(29!
<&0650/*1?#!_dP!D03#)*1(1!4#!*#$%#*0(!-2$%)0*'M)0/0*3$(17!%0N#)O,'%0*3!+&1!'%&'(2!
I0&(')*1(.! H*#! 1*! J'4,#*.! :#&2>#! g_USchP, $%&'()*0A()>)*1&2), ')B.()C<0'*1), =-)>L06&2+P, 0'-029!
:#61$%&$('!/05'9!;'+0&P!W<!<Ak9!
QQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQ!
ac!!
C&/1%)0!E?0*#!
:! GD!
!! ! S! _! b! a! T! G(2+#3! !! !!
L2$%)0*1!
$%&0$!'%&'(#!
8! S! T! _U! Sd! b_! ca! a.UU! S.UT!
8!i! Si! ci! _ci! __i! abi! SUUi!
C0,+0&#,0*%! 8! _! Sc! _V! Sd! j! c_! b._U! S.Ub!
8!i! bi! _ai! bji! __i! Sbi! SUUi!
B#-1*!)46'30! 8! U! S! Sb! _V! b_! ca! a._U! U.cj!
8!i! Ui! Si! SVi! bVi! abi! SUUi!
<&07&#*#!1*!
61=#*30!
8! c! _b! _b! Sa! T! c_! _.VU! S.UV!
8!i! SUi! b_i! b_i! Sji! ci! SUUi!
E%&'(')#!
%050$*#!
46&#/=#!
8! aU! Sj! S_! S! U! c_! S.dU! U.VS!
!
8!i! Tdi! _di! Sci! Si! Ui! SUUi!
G+'5! 8! bV! ST! Sa! T! U! c_! S.VU! U.jj!
8!i! Tbi! _Si! Sji! ci! Ui! SUUi!
K*%05160*-*1!
('51-*1(!
8! ST! _V! _S! d! b! cb! _.aU! S.Ub!
8!i! _Si! bVi! _ji! Vi! ai! SUUi!
G%#&'$%! 8! _d! _S! Sc! c! S! c_! _.SU! S.Ud!
8!i! bdi! _ji! _ai! SUi! Si! SUUi!
C0N#)0!$!
$+#*30,!
8! SS! SV! _c! SU! d! c_! _.VU! S.Sa!
8!i! STi! _Ti! bVi! Sai! Vi! SUUi!
<')04#*'$%!
/&2N1*0!1*!
'=-2%0(!
+&1+#/*'$%1!
8! S! a! S_! _b! b_! c_! a.SU! U.jV!
!
!
8!i! Si! di! Sci! b_i! aai! SUUi!
@(532-0)#*30!
)!N1)530*30!)!
$(2+*'$%1!
8! d! S_! _a! Sc! Sb! c_! b.bU! S.Sj!
!
8!i! Vi! Sci! bbi! _ai! SVi! SUUi!
G'?1#5*'!
0('*',$(1!
$%#%2$!/&2N1*0!
8! Sd! Sb! bU! SS! b! cb! _.dU! S.SS!
!
8!i! __i! SVi! aSi! STi! ai! SUUi!
F'504*1!)!
/&2N1*1!
8! S_! SV! __! Sd! T! cb! _.VU! S.Sc!
8!i! Sdi! _Ti! bUi! __i! ci! SUUi!
s!8!t!8&0()0*?#q!8!i!t!'/$'%*1!/050Nq!:!t!#&1%,0%1-*#!$&0/1*#q!GD!t!$%#*/#&/*1!'/(5'*!
I0&(')*1(.! H*#! 1*! J'4,#*.! :#&2>#! g_USchP, $%&'()*0A()>)*1&2), ')B.()C<0'*1), =-)>L06&2+P, 0'-029!
:#61$%&$('!/05'9!;'+0&P!W<!<Ak9!
QQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQ!
aV!!
@46'31%0531!,0*13'.! /#! *#! *#$%#*0(! -2$%)0*'M)0/0*3$(17! %0N#)O,'%0*3! +&1! '%&'(2! )!
*#3)0-31!,0&1!)+51)#3'!*#-1*!)46'30!g:!t!a._Uh.!+')04#*'$%!/&2N1*0!1*!'=-2%0(!+&1+#/*'$%1!
g:!t!a.SUh!%0&!-2$%)0*1!$%&0$!'%&'(#!g:!t!a.UUh9!G50/13'!'/6')'&1!)(532-0)#*30!)!N1)530*30!
)!$(2+*'$%1!g:!t!b.bUh.!%0,+0&#,0*%!g:!t!b._Uh.!%0N#)0!$!$+#*30,!g:!t!_.VUh.!='504*1!)!
/&2N1*1!g:!t!_.VUh.!+&07&#*#!1*!61=#*30!g:!t!_.VUh.!$'?1#5*'M0('*',$(1!$%#%2$!/&2N1*0!g:!
t!_.dUh.!1*%05160*-*1!('51-*1(!g:!t!_.VUh!1*!$%#&'$%!g:!t!_.SUh9!@46'31%0531!$'!,*0*3#.!/#!*#!
*#$%#*0(!-2$%)0*'M)0/0*3$(17!%0N#)O,'%0*3!*#3,#*3!)+51)#%#!'%&'(')#!%050$*#!46&#/=#!
g:!t!S.dUh!%0&!$+'5!g:!t!S.VUh9!!
@46'31%0531!,0*13'.!/#! 30!*#-1*!)46'30!+',0,=0*!/03#)*1(!+&1!*#$%#*(2!-2$%)0*'M
)0/0*3$(17!%0N#)O,'%0*3P!ab!i!$0!317!+'+'5*',#!$%&1*3#!$!%0,.!bV!i!$0!317!$%&1*3#.!SV!i!
$0! 317!*1%1!*0!$%&1*3#.!*1%1!$%&1*3#.!0*!)46'31%053!$0!*0!$%&1*3#.!*17-0!+#!*1! 14=!'/6')'&#!
o$+5'7!$0!*0!$%&1*3#,p9!!
aa! i! )46'31%0530)! ,0*1.! /#! $%#! 405'! +',0,=*1! +')04#*'$%! /&2N1*0! 1*! -2$%)0*#!
+&1+#/*'$%.!b_!i!$0!317!$!%0,!$%&1*3#.!Sc!i!$0!317!*1%1!*0!$%&1*3#.!*1%1!$%&1*3#.!d!i!$0!317!*0!
$%&1*3#! 1*! 0*! )46'31%053! +#! 30! ,*0*3#.! /#! +')04#*'$%! /&2N1*0! *0! )+51)#! *#! -2$%)0*'M
)0/0*3$(1!)'3!'%&'(#9!
ab! i! )46'31%0530)! $0! +'+'5*',#! $%&1*3#! $! %&/1%)13'.! /#! -2$%)0*1! $%&0$! )+51)#! *#!
*#$%#*0(!-2$%)0*'M)0/0*3$(17!%0N#).!__!i!$0!317!$!%0,!$%&1*3#.!_c!i!$0!*1%1!*0!$%&1*3#.!*1%1!
$%&1*3#.!__!i!$0!317!$%&1*3#.!c!i!$0!317!*0!$%&1*3#!1*!50!0*!)46'31%053!,0*1.!/#!-2$%)0*1!$%&0$!
'%&'(#!$+5'7!*0!)+51)#!*#!*#$%#*0(!-2$%)0*'M)0/0*3$(17!%0N#)9!
!Td! i! )46'31%0530)! $0! $+5'7! *0! $%&1*3#.! /#! *#! -2$%)0*0M)0/0*3$(0! %0N#)0O,'%*30!
)+51)#!'%&'(')#!%050$*#!46&#/=#.!Tb!i!+#.!/#!*#! %0N#)0O,'%*30!)!)0/0*32!)+51)#!$+'5!
'%&'(#9!<&1!'=07!%&/1%)#7!$0!*1%1!0*!)46'31%053!*1!+'+'5*',#!$%&1*3#5.!/#!=1!%050$*#!46&#/=#!
%0&!$+'5!)+51)#5#!*#!-2$%)0*'M)0/0*3$(0!%0N#)0O,'%*309!
@46'31%0530,!$0!4/1!*0+',0,=*#!%2/1!%&/1%0).!/#!$%#&'$%!)+51)#!*#!%0N#)0O,'%*30!)!
)0/0*32!n!0*!)46'31%053! 30! 14=!'/6')'&!o+'+'5*',#!$0!$%&1*3#,p.!SU!i!+#!o$%&1*3#,!
$0p9!!
G! %&/1%)#,1.! /#! *#! -2$%)0*'M)0/0*3$(1! )'3! )+51)#3'! %0,+0&#,0*%.! +&07&#*#! 1*!
61=#*30.! 1*%05160*-*1! ('51-*1(.! %0N#)0! $! $+#*30,.! )(532-0)#*30! )! N1)530*30! )! $(2+*'$%1.!
$'?1#5*'!0('*',$(1!$%#%2$!/&2N1*0!1*!='504*1!)!/&2N1*1.!$0!)46'31%0531!)!)0-1*1!*0!$%&1*3#3'!
#51!$0!*1%1!*0!$%&1*3#3'.!*1%1!$%&1*3#3'9!!
I0&(')*1(.! H*#! 1*! J'4,#*.!:#&2>#! g_USchP, $%&'()*0A()>)*1&2), ')B.()C<0'*1), =-)>L06&2+P, 0'-029!
:#61$%&$('!/05'9!;'+0&P!W<!<Ak9!
QQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQ!
aj!!
6"9"!$ L*/&5(.(,$,+$-./;-.).$-./,'2.)*$'(.-I*)$,
@+&#>#*30!dP!;#('!+'6'$%'!$0!/'5'-0*#!'=51(#!*0N050*06#!)0/0*3#!+'3#)53#!+&1!'%&'(2v!
<&0650/*1?#!_cP!<'6'$%'$%!*0N050*06#!)0/0*3#!+&1!'%&'(2!
!! k! 8!i!
@0-(&#%!*#!/#*! Sd! ST.Tb!
SM(&#%!*#!/#*! Sd! ST.Tb!
_M!/'!bM(&#%!*#!%0/0*! Sj! SV.aT!
SM(&#%!*#!%0/0*! SV! Sc.aV!
_M!/'!bM(&#%!*#!,0$0?! Sb! S_.d_!
SM(&#%!*#!,0$0?! T! a.VT!
J0/(030! Sd! ST.Tb!
G;W<Hl! SUb! SUU!
s!8!t!8&0()0*?#q!8!i!t!'/$'%*1!/050N!
D)0!%&0%31*1!gdd.jj!ih!#*(0%1&#*17!$%#&>0)!$%#!*#)0/51.!/#!$0!*0N050*'!)0/0*30!+&1!
'%&'(2! +'3#)1! )$#3! SM(&#%! %0/0*$('9! Sb! $%#&>0)! gS_.d_!ih! 30! *#)0/5'.! /#! $0! '%&'(')'!
*0N050*'!)0/0*30!+'3#)53#!_M!/'!bM(&#%!*#!,0$0?.!T!$%#&>0)!ga.VTih!/#!SM(&#%!,0$0-*'.!
Sd!$%#&>0)!gST.Tbih!+#!30!'/6')'&15'.!/#!$0!*0N050*'!)0/0*30!+'3#)53#!&0/(030!('%!0*(&#%!
,0$0-*'9!
@+&#>#*30!cP!;#('!+'6'$%'!$0!/'5'-0*0!-2$%)0*'M)0/0*3$(0!%0N#)0O,'%*30!+'3#)53#3'!+&1!
)#>0,!'%&'(2v!
<&0650/*1?#!_VP!<'6'$%'$%!+'$#,04*0!'=51(0!*0N050*06#!)0/0*3#!!
!! *! ,1*! ,#^! :! GD!
C&,#! SUc! S! T! b.U_! S.S_!
K4=&271! SUd! S! T! _.aU! S.Sc!
J#4/&#N531)'$%! SUc! S! T! _.bS! S.SU!
;&1-#*30! SUT! S! T! _.Sd! S.Sc!
H6&0$1)*'$%! SUc! S! T! S.cd! S.US!
C'5-0*30!4!&'(#,1! SUc! S! T! S.d_! S.UV!
F'50-1*0!)!%&0=272! SUT! S! b! S.TT! U.cb!
<',#*3(#*30!$#,'4#2+#*3#! SUd! S! a! S.aj! U.VT!
e&140*30!*'7%')! SUd! S! T! S.a_! U.jb!
:'-0*30! SUc! S! T! S.bb! U.cS!
I0&(')*1(.! H*#! 1*! J'4,#*.! :#&2>#! g_USchP, $%&'()*0A()>)*1&2), ')B.()C<0'*1), =-)>L06&2+P, 0'-029!
:#61$%&$('!/05'9!;'+0&P!W<!<Ak9!
QQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQ!
TU!!
D&1$(#! SUc! S! a! S.bb! U.da!
K4'61=#*30!)&$%*1(',! SUc! S! b! S.bU! U.Tj!
W*1-0)#*30!5#$%*1*0! SUc! S! a! S._c! U.dS!
<532)#*30! SUc! S! a! S._d! U.dU!
@&%0*30!5#$! SUd! S! a! S._T! U.dj!
s!*!t!>%0)15'!'/6')#&3#3'-17q!,1*!t!*#3,#*3>#!)&0/*'$%q!,#^!t!*#3)0-3#!)&0/*'$%q!:!t!#&1%,0%1-*#!
$&0/1*#q!GD!t!$%#*/#&/*1!'/(5'*!
H*(0%1&#*1!$%#&>1!*#)#3#3'.!/#!$'!)!+')+&0-32!*#3='53!+'6'$%#!*0N050*#!)0/0*3#!+&1!
'%&'(2!%&,#!g:!t!b.U_h.!14=&271!g:!t!_.aUh!1*!/&#N531)'$%!g:!t!_.bSh9!G50/13'!(&1-#*30!g:!
t!_.Sdh.!#6&0$1)*'$%!g:!t!S.cdh.!%'5-0*30!4!&'(#,1!g:!t!S.d_h.!='50-1*0!)!%&0=272!g:t!
S.TTh.!+',#*3(#*30!$#,'4#2+#*3#!g:!t!S.ajh.!6&140*30!*'7%')!g:!t!S.a_h.!,'-0*30!g:!
t!S.bbh.!/&1$(#!g:!t!S.bbh!%0&!14'61=#*30!)&$%*1(',!g:!t!S.bUh9!G%#&>1!$'!*#)0/51.!/#!$0!
+&1!'%&'(2!*#3&0/(030!+'3#)53#3'!)&%0*30!5#$!g:!t!S._Th.!+532)#*30!g:!t!S._dh!1*!2*1-0)#*30!
5#$%*1*0!g:!t!S._ch9!
@+&#>#*30!VP!E/41)!$%#&>0)!*#!'%&'(')'!*0N050*'!)0/0*309!
<&0650/*1?#!_jP!E/41)!$%#&>0)!*#!'%&'(')'!*0N050*'!)0/0*30!!
!! *! ,1*! ,#^! :! GD!
<'7)#51,!'%&'(')'!50+'!)0/0*309! SUc! S! T! a.cU! U.cU!
E%&'(2!+')0,.!/#!30!)0/0*30!*0$+&030,531)'9! SUT! S! T! a.db! U.VU!
E%&'(#!%#('3!'+'4'&1,!*#!*0+&1,0&*'!)0/0*309! SUc! S! T! a.TT! U.jU!
E%&'(#! +'2-230,! '! +&1,0&*0,! )0/0*32! 4! 5#$%*1,!
4650/',9!
SUc! _! T! a.bU! U.Va!
E%&'(2! +')0,.! 4#(#3! $1! N051,'.! /#! $0! /&26#-0!
'=*#>#9!
SUc! S! T! a._T! U.jj!
G(2+#3!4!'%&'(',!&0>230,!%0N#)'9! SUc! S! T! a.__! U.jd!
E%&'(2!+'!*0+&1,0&*0,!)0/0*32!+')0,.!(#(>*1!$'!
,'31!'=-2%(19!
SUc! S! T! b.V_! S.Sc!
<')0,!'%&'(2.!(#('!*#3!'=)5#/230!304'9! SUd! S! T! b.V_! S.Sd!
E%&'(#!'>%030,.!-0!$0!*0+&1,0&*'!'=*#>#!#51! 1,#!
-2$%)0*0!14=&2709!
SUc! S! T! b.TT! S.bc!
E%&'(#! '=)#&230,! +&0/! $%)#&,1.! (1! =1! 6#! 5#7('!
=2&1509!
SUc! S! T! _.cc! S.Sj!
E%&'(#!'=!*0+&1,0&*0,!)0/0*32!(#4*230,9! SUc! S! T! _.cT! S.ST!
I0&(')*1(.! H*#! 1*! J'4,#*.!:#&2>#! g_USchP, $%&'()*0A()>)*1&2), ')B.()C<0'*1), =-)>L06&2+P, 0'-029!
:#61$%&$('!/05'9!;'+0&P!W<!<Ak9!
QQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQ!
TS!!
E%&'(#!16*'&1&#,.!-0!$0!*0+&1,0&*'!'=*#>#9! SUc! S! T! _.bS! S.Sc!
s!*!t!>%0)15'!'/6')#&3#3'-17q!,1*!t!*#3,#*3>#!)&0/*'$%q!,#^!t!*#3)0-3#!)&0/*'$%q!:!t!#&1%,0%1-*#!
$&0/1*#q!GD!t!$%#*/#&/*1!'/(5'*!
B#3+'6'$%03>#!&0#(?13#!$%#&>0)!*#!'%&'(')'!)0/0*30!$'!+'7)#5#!50+06#!)0/0*3#!g:!
t!a.cUh.!+'6')'&!4!'%&'(',!'!*0$+&030,531)'$%1!)0/0*3#!g:!t!a.dbh!%0&!'+'4#&3#*30!'%&'(#!
*0!*0+&1,0&*'!)0/0*30!g:!t!a.TTh9!G50/13'!'/41)1!$%#&>0)!*#!*0+&1,0&*'!)0/0*30.!('%!$'!
+'2-0)#*30!'!*0+&1,0&*0,!)0/0*32!4!4650/',!g:!t!a.!bUh.!'%&'(2!+')0/'.!4#(#3!$1!N0513'.!
/#!$0!/&26#-0!'=*#>#!g:!t!a._Th.!$(2+#3!4!'%&'(',!&0>2303'!%0N#)0!g:!t!a.__h.!'%&'(2!
+')0/'.! (#(>*1! $'! *317')1! '=-2%(1! g:! t! b.! V_h9! G50/13'! '/41)1! $%#&>0)! *#! *0+&1,0&*'!
)0/0*30.!('%!$'!+'2-0)#*30!'%&'(#.!(#('!*#3!'=)5#/230!304'!g:!t!b.V_h.!'>%0)#*30!g:!t!
b.TTh.!'=)#&')#*30!+&0/!$%)#&,1.!(1!=1!6#!5#7('!=2&150!g:!t!_.cch!%0&!(#4*')#*30!'=!
*0+&1,0&*0,! )0/0*32! g:! t! _.cTh9! B#3&0/(030! )+&#>#*1! $%#&>1! '%&'(')'! *0+&1,0&*'!
)0/0*30!16*'&1'!g:!t!_.bSh9!
@+&#>#*30! jP! ;/#3! $0! +&1! )#>0,! '%&'(2! *#3)0-(&#%! +'3#)53#3'! -2$%)0*'M)0/0*3$(0!
%0N#)0O,'%*30v!!
<&0650/*1?#!bUP!E('51>-1*0!*0N050*06#!)0/0*3#!
!! 8! 8!i!
"#&#/1!+&0+')0/1!#51!*30,2!*0*,531)17!4#7%0)!'/&#$5179! cb! cU._!
;'!30!+$171-*'!#51!8141-*'!'6&'N0*9! bS! _j.V!
<&0/!*04*#*'!$1%2#?13'!#51!/'6'/(',9! Sd! ST.a!
<&0/!532/,1.!(1!317!*0!+'4*#9! Sa! Sb.T!
D&26'! Sd! ST.a!
s!8!t!8&0()0*?#q!8!i!t!'/$'%*1!/050N!
B0N050*'!)0/0*30!+&1!'%&'?17!$0!+'!*#)0/=#7!#*(0%1&#*17!*#3)0-(&#%!+'3#)53#!4#&#/1!
+&0+')0/1!#51!*31,!*0*,531)17!4#7%0)!'/&#$517!gcU._!ih9!:#5'!,#*3!('%!bU!i!$%#&>0)!30!
*#)0/5'.!/#!$0!*0N050*'!)0/0*30!+'3#)53#!'=!+$171-*1!#51!8141-*1!'6&'N0*'$%1.!ST.a!i!+&0/!
*04*#*'!$1%2#?13'!#51!/'6'/(',!1*!Sb.T!i!+&0/!532/,1.!(1!317!*0!+'4*#9!E$0,!$%#&>0)!30!
*#)0/5'.!/#!+&1/0!/'!*0N050*06#!)0/0*3#!+&1!'%&'(2!'/!2%&230*'$%1.!+'!0*!$%#&>!+#!+&0/!
)&%?0,.! =&04! -'6#! #51! ('! $0! '/!'%&'(#! *0(#3! +&1-#(230! g71>*'! '+&#)15'h9! G50/*30! $'!
*#)0/=0!+'/!&2=&1('!o/&26'p9!
! !
I0&(')*1(.! H*#! 1*! J'4,#*.!:#&2>#! g_USchP, $%&'()*0A()>)*1&2), ')B.()C<0'*1), =-)>L06&2+P, 0'-029!
:#61$%&$('!/05'9!;'+0&P!W<!<Ak9!
QQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQ!
T_!!
@+&#>#*30!SUP!D03#)*1(1.!4#&#/1!(#%0&17!$0!+'3#)13'!-2$%)0*'M)0/0*3$(0!%0N#)0O,'%*30!+&1!
'%&'(29!
<&0650/*1?#!bSP!@4&'(1!*0N050*06#!)0/0*3#!
!! *! ,1*! ,#^! :! GD!
B04#/'$%*#!('51-1*#!$+#*3#! SUd! S! T! b.dV! S.aU!
E%&'(')!%0,+0&#,0*%! SUd! S! T! b.dU! S.Sa!
B#-1*!)46'30! SUd! S! T! b._S! S.bb!
G%#&'$%!'%&'(#! SUd! S! T! b.SV! S.aa!
D&2N1*$(1!+&0+1&1! SUd! S! T! b.Uj! S.Td!
B04/&#)#!+&07&#*#!#51!+',#*3(#*30!61=#*3#! SUd! S! T! _.jS! S.TT!
E=-2%0(!+&1+#/*'$%1! SUd! S! T! _.cT! S.aT!
G5#='!4/&#)$%)0*'!$%#*30!'%&'(#!#51!/&2N1*$(17!-5#*')! SUd! S! T! _.da! S.T_!
@(532-0)#*30!)!)&%0?! SUT! S! T! _.aj! S.bj!
K*%05160*-*1!('51-*1(! SUd! S! T! _.a_! S.b_!
G+'5!'%&'(#! SUd! S! T! _.UV! S.bS!
<',#*3(#*30!/0*#&3#!#51!'$*')*17!$&0/$%0)! SUd! S! T! S.VV! S.SV!
E%&'(')#!%050$*#!46&#/=#! SUd! S! T! S.TV! U.ja!
D&26'! b! a! T! a.dc! U.TV!
s!*!t!>%0)15'!'/6')#&3#3'-17q!,1*!t!*#3,#*3>#!)&0/*'$%q!,#^!t!*#3)0-3#!)&0/*'$%q!:!t!#&1%,0%1-*#!
$&0/1*#q!GD!t!$%#*/#&/*1!'/(5'*!
<'! ,*0*32! #*(0%1&#*17! $%#&>0)! $0! *0N050*'! )0/0*30! *#3)0-(&#%! +'3#)1! 4#&#/1!
*04#/'$%*0! ('51-1*0! $+#*3#! g:! t! b.dh.! 4#&#/1! '%&'(')06#! %0,+0&#,0*%#! g:! t! b.dUh.!
*#-1*#! )46'30! g:!t! b._Sh! 1*! $%#&'$%1! '%&'(#! g:!t! b.SVh9! G50/13'! $%#&>1.! (1! %&/13'.! /#!$0!
*0N050*'!)0/0*30!+'3#)53#!4#&#/1!/&2N1*$(17!+&0+1&')!g:!t!b.Ujh.!*04/&#)0!+&07&#*0!#51!
+',#*3(#*3#!61=#*3#!g:!t!_.jSh.!'=-2%(#!+&1+#/*'$%1!g:!t!_.cTh.!$5#=06#!4/&#)$%)0*06#!
$%#*3#! '%&'(#! #51! /&2N1*$(17! -5#*')! g:! t! _.dah.! )(532-0)#*3#! )! )&%0?! g:! t! _.ajh.!
1*%05160*-*06#!('51-*1(#!g:!t!_.a_h!1*!$+'5#!'%&'(#!g:!t!_.UVh9!B#3,#*3!$%#&>0)!+#!,0*1.!
/#! $0! *0N050*'! )0/0*30! +'3#)1! 4#&#/1! '%&'(')0! %050$*0! 46&#/=0! g:! t! S.TVh! #51!
+',#*3(#*3#!/0*#&3#!#51!'$*')*17!$&0/$%0)!g:!t!S.VVh9!<'/!&2=&1('!o/&26'p!$'!$%#&>1!
*#)0/51!(#&,1-*0!)4&'(0!#51!$+50%!'('51>-1*9!
! !
I0&(')*1(.! H*#! 1*! J'4,#*.!:#&2>#! g_USchP, $%&'()*0A()>)*1&2), ')B.()C<0'*1), =-)>L06&2+P, 0'-029!
:#61$%&$('!/05'9!;'+0&P!W<!<Ak9!
QQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQ!
Tb!!
@+&#>#*30! SSP! ;30! 1>-0%0! 1*8'&,#?130! '! -2$%)0*'M)0/0*3$(17! %0N#)#7O,'%*3#7! $)'306#!
'%&'(#v!
<&0650/*1?#!b_P!K$(#*30!1*8'&,#?13!'!'%&'(')0,!*0+&1,0&*0,!)0/0*32!
!! 8! 8!i!
B#!1*%0&*0%2! Tj! Td.Sj!
<&1!=51N*30,!$'&'/*1(2!#51!+&13#%0532! bT! bb.bb!
@!)46'3*'M)#&$%)0*1!1*$%1%2?131! _V! _d.dc!
<&1!'%&'(')0,!'$0=*0,!4/&#)*1(2! Sa! Sb.bb!
l17!*0!1>-0,! _j! _c.d_!
s!8!t!8&0()0*?#q!8!i!t!'/$'%*1!/050N!
L0%&%1*#! g_c.d!ih! $%#&>0)! 1*8'&,#?13! '! '%&'(')0,! *0N050*0,! )0/0*32! *0! 1>-0.! /'=&#!
+'5')1?#!gTd._!ih!317!1>-0!*#!1*%0&*0%2.!%&0%31*#!+&1!$'&'/*1(2!#51!+&13#%0532.!/'=&#!-0%&%1*#!
g_d.c!ih!)!)46'3*'M)#&$%)0*1!1*$%1%2?131!1*!Sb.b!i!+&1!'%&'(')0,!'$0=*0,!4/&#)*1(29!
@+&#>#*30!S_P!;#3!'=-2%1%0!'=!'%&'(')0,!*0+&1,0&*0,!)0/0*32v!
<&0650/*1?#!bbP!E=-2%(1!'=!'%&'(')0,!*0+&1,0&*0,!)0/0*32!
!! 8! 8!i!
B1-!+'$0=*06#! a_! bj.d_!
B06'%')'$%! aU! bc.ca!
l04#! ba! b_.UV!
G%! Sd! ST.Uj!
E=2+! SS! SU.bV!
s!8!t!8&0()0*?#q!8!i!t!'/$'%*1!/050N!
B#3='53!+'6'$%'!gbj.d!ih!#*(0%1&#*1!$%#&>1!'=!'%&'(')0,!)0/0*32!*1,#3'!+'$0=*17!
'=-2%(')9! D'=&#! %&0%31*#! gbc.c!ih! 317! -2%1! *06'%')'$%.! $5#=#! %&0%31*#! gb_.S!ih! 304'! 1*!
,#*3>1*#!$%!gST.S!ih!#51!'=2+!gSU.a!ih9!
! !
I0&(')*1(.! H*#! 1*! J'4,#*.!:#&2>#! g_USchP, $%&'()*0A()>)*1&2), ')B.()C<0'*1), =-)>L06&2+P, 0'-029!
:#61$%&$('!/05'9!;'+0&P!W<!<Ak9!
QQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQ!
Ta!!
@+&#>#*30!SbP!G!(#%0&1,1!$%&'(')*3#(1!)!)46'3*'M14'=&#N0)#5*1! 1*$%1%2?131!$'/05230%0.!('!
4#4*#%0!-2$%)0*'M)0/0*3$(0!%0N#)0O,'%*30!'%&'(#v!
<&0650/*1?#!baP!<'$)0%!$!$%&'(')*3#(1!
!! 8! 8!i!
B0!$'/05230,!4!*'=0*1,!$%&'(')*3#(',! dS! Tc.TT!
@46'31%053.!+','-*1(!)46'31%053#! aT! a_.aT!
G)0%')#5*#!$52N=#! T! a.c_!
<0/#6'>(1!)'/3#! b! _.Vb!
J#)*#%053! U! U.UU!
s!8!t!8&0()0*?#q!8!i!t!'/$'%*1!/050N!
@0-!('%!+'5')1?#!#*(0%1&#*17!$%#&>0)!gTc.T!ih!4#&#/1!-2$%)0*'M)0/0*3$(17!%0N#)!*0!
$'/05230!4!*'=0*1,!$%&'(')*3#(',.!a_.aT!i!317!$'/05230!4!)46'31%0530,!1*!+','-*1(',!
)46'31%053#.!a.c_!i!$!$)0%')#5*'!$52N='!1*!_.Vb!i!4!&#)*#%0530,9!
@+&#>#*30!SaP!B#!(#(>0*!*#-1*!'=!*0+&1,0&*0,!)0/0*32!$'/05230%0!4!)46'31%0530,v!
<&0650/*1?#!bTP!B#-1*!$'/05')#*3#!4!)46'31%0530,!
! ! 8!e&0,!*#!6')'&15*0!2&09! ! _!
K4,0*3#)#!1*8'&,#?13.!+&1,0&3#)#!+'5'N0*3#!g(#(>0*!30!/',#O)!)&%?2h.!#51!$0!
30!+',1&15.!,0/%0,!('!30!+&1>05!=2&30*!)!)&%0?9!
! S!
E=!+&15'N*'$%1!g&'/1%053$(1!$0$%#*0(h!$0!+'6')'&1,'9! ! S!
E+1>0,!%0N#)'!1*!+&'$1,!4#!*#$)0%9! ! S!
E+1>0,!%0N#)'!%0&!)+&#>#,!4#!,*0*30!'49!*#$)0%9! ! S!
E+1>0,!+&'=50,.!'('51>-1*0!1*!)+&#>#,!4#!,'N*0!&0>1%)09!;#3!5#7('!*#&0/1,'!
$%#&>1.!(#('!5#7('!+',#6#,'!'%&'(2.!/#!5#7('!+&0/05#!-2$%)0*1!14=&279!
! S!
<'6')'&9! ! j!
<'6')'&!1*!1$(#*30!*#3='53>0!&0>1%)09! ! b!
<'6')'&!'!/'5'-0*17!%0N#)#7.!'+#N#*317!1*!1$(#*30!&0>1%0)!4#*309! ! S!
<'6')'&!'!82*(?1'*1&#*32!'%&'(#!)!)&%?2!g+'6')'&*0!2&0h9! ! S!
<'6')'&!4!)46'31%0530,.!-0!$0!+'/'=*0!'49!1$%0!,'%*30!+'3#)13'!%2/1!)!)&%?29! ! S!
<'6')'&!4!)46'31%0530,P!'+1>0,!'41&',#!+')0,!$)'30!,1$51.!+&'=50,.!(#3!$0,!
'+#415#.!(#3!,1!'*#!$)0%230.!(#('!'*#!)1/1!'%&'(#9!
! S!
<'6')'&.!-0!30!+'%&0=*'9! ! S!
I0&(')*1(.! H*#! 1*! J'4,#*.! :#&2>#! g_USchP, $%&'()*0A()>)*1&2), ')B.()C<0'*1), =-)>L06&2+P, 0'-029!
:#61$%&$('!/05'9!;'+0&P!W<!<Ak9!
QQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQ!
TT!!
<'6')'&.!(30&!/'=1,!/'/#%*'!+'%&0=*'!1*8'&,#?13'.!/#!5#N30!*,0,!'%&'(#9! ! S!
<'6')'&.!)+&#>#*3#9! ! S!
<'6')'&*0!2&09! ! S!
<'(51-0,!)!)&%0?!1*!)+&#>#,!4#!*#$)0%9! ! S!
<')0,.!$!(#(>*'!%0N#)'!$0!$''-#,'.!*#!(#(>0*!*#-1*!$,'!&0>0)#51!1*!
(#(>0*!30!*#$)0%!4#!='53!+&1,0&*'!&0>0)#*309!
! S!
<')0,!4#!/'6'/0(!1*!)+&#>#,!4#!,*0*309! ! S!
<')0,!4#!%0N#)0.!/#!30!5#7('!)46'31%053!*#!%'!='53!+'4'&0*9! ! S!
<')+&#>#,!'!%0N#)1.!+'14(2>#,'!*#3%1!+&'=50,!1*!&0>1%0)9!<&1-#(230,!
*,0)#*309!<'6')'&!14!)$07!$%&#*1P!,'3!'%&'(O'%&'(!*#+#/0*1!1*!*306')1!
$%#&>1O)46'31%0531?#9!
! S!
J#46')'&.!*#$)0%1.!$'/05')#*309! ! S!
J0/*#!(',2*1(#?13#9! ! S!
G!+'6')'&',.!)+&#>#,!4#!*#$)0%9! ! S!
G04*#*1,!317!$!%0N#)'!1*!+&'$1,!4#!+','-9! ! S!
G+&'%*1!+'6')'&1!'=!*0+&1,0&*0,!)0/0*32!g'=!+&17'/2!+'!'%&'(#h9! ! S!
C#('.!/#!$0!+'6')'&1,!4!)46'31%0530,.!)+&#>#,.!(#('!'%&'(!)!)&%?2!$'/05230.!
#51!$0!+&1,0&*'!)0/09!
! S!
@+&#>#,!)46'31%053#.!(#('!$0!)0/0!)!)&%?2!1*!#51!1,#3'!(#(>*0!%0N#)0!)!+&1,0&2!
*0+&1,0&*06#!)0/0*3#9!<&'$15#!$0,!317!%2/1.!/#!,0!'!%0,!'=)0>-#3'9!
! S!
@+&#>#,.!(#('!/05230!)!)&%?2.!-0!$0!+'3#)53#3'!0*#(0!%0N#)0!('%!/',#9!G(2+#3!
*#3/0,'!&0>1%0)9!:1!$)0%2303'.!(#('!*#+&039!
! S!
@$0(#('&!*#!6')'&15*17!2!14+'$%#)1,!,'&0=1%*0!%0N#)0.!$!(#%0&1,1!$0!
$&0-230,!('%!$%#&>9!G0!30!+#!%&0=#!4#)0/#%1.!/#!'%&'?1!)!ǃ-*17!$'?1#5*17!
'('5317!/&26#-0!&0#61'9!
! S!
@+&#>#,!4#!,*0*30!1*!'=*#>#*30!)!)&%?29! ! S!
@46'31%0531?'!)+&#>#,.!-0!$'!'+#4151!(#(>*0!%0N#)09! ! S!
"!)46'31%0530,!$0!+'6')'&1,!'!)0/0*32!'%&'(#!)!)&%?2.!*306')!*#+&0/0(9! ! S!
"!)46'31%0531?'!$0!+'6')'&1,!'!*306')0,!'=*#>#*32!1*!/*0)2!)!)&%?2!g$1%2#?130!
$'!1430,*'!&0/(0!1*!71%&'!,1*531)0h9!
! S!
"#*1,#!,0.!(#('!$0!,'3!'%&'(!)0/0!)!)&%?2!1*!)+&#>#,.!(#('!=1!'*1!&0>151!
%0N#)'9!
! S!
!
s!8!t!8&0()0*?#!
G%#&>1.! (1! $'! *#)0/51.! /#! $0! +'$)0%2303'! 4! )46'31%0530,.! $'! *#)0/51.! /#! $0! 4! *31,!
+&0/)$0,!+'6')'&13'!'!'%&'(')0,!)0/0*32!g'=!+&15'N*'$%1!#51!*#!+'6')'&*17!2&1?#7h!1*!317!
I0&(')*1(.! H*#! 1*! J'4,#*.!:#&2>#! g_USchP, $%&'()*0A()>)*1&2), ')B.()C<0'*1), =-)>L06&2+P, 0'-029!
:#61$%&$('!/05'9!;'+0&P!W<!<Ak9!
QQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQ!
Td!!
)+&#>#3'.! (#('! '%&'(! /05230! )! )&%?29! K4! *#)0/0*17! %&/1%0)! 5#7('! '+#41,'.! /#! $0! $%#&>1!
'=&#-#3'!*#!)46'31%053#!%0&!,2!4#2+#3'!1*!6#!+&'$13'!4#!*#$)0%.!-0!$#,1!'+#413'!%0N#)0!+&1!
'%&'(29!
@+&#>#*30! STP! G! (#%0&1,1! 1*$%1%2?13#,1! $'/05230%0.! -0! $0! +'3#)13'! -2$%)0*'M)0/0*3$(0!
%0N#)0O,'%*30!+&1!)#>0,!'%&'(2v!
<&0650/*1?#!bdP! K*$%1%2?130.!$!(#%0&1,1!$'/052303'!$%#&>1!)!+&1,0&2!'%&'(')17!)0/0*3$('M
-2$%)0*17!%0N#)O,'%0*3!
!! 8! 8!i!
B0!$'/05230,!4!1*$%1%2?13#,1! cU! dV.db!
:'3!'%&'(!*1,#!-2$%)0*'M)0/0*3$(17!%0N#)O,'%0*3! _c! _d.ac!
"/&#)$%)0*1!/05#)?1! d! T.VV!
I0*%0&!4#!$'?1#5*'!/05'! _! S.jd!
s!8!t!8&0()0*?#q!8!i!t!'/$'%*1!/050N!
G('!cU!i!#*(0%1&#*17!$%#&>0)!*0!$'/05230!4!1*$%1%2?13#,19!D'=&#!-0%&%1*#!g_d.ac!ih!
317! +&#)1.! /#! *317')1! '%&'?1! *1,#3'! -2$%)0*'M)0/0*3$(17! %0N#)O,'%0*3.! d! 317! $'/05230! 4!
4/&#)$%)0*1,1!/05#)?1!1*!/)#!$!+&1$%'3*1,!?0*%&',!4#!$'?1#5*'!/05'9!
@+&#>#*30!SdP!H51!$1!4#+1$230%0!'41&',#!=050N1%0!,'%0-0!)1/1(0!)0/0*3#!+&1!'%&'(2v!
<&0650/*1?#!bcP!F050N0*30!,'%0-06#!)0/0*3#!
!! 8! 8!i!
B0! SUb! jV.S!
D#! _! S.j!
G(2+#3! SUT! SUU.U!
s!8!t!8&0()0*?#q!8!i!t!'/$'%*1!/050N!
`0!/)#!$%#&>#!gS.j!ih!$%#!*#)0/5#.!/#!=050N1%#!'%&'(')'!,'%0-0!)0/0*309!
) )
I0&(')*1(.! H*#! 1*! J'4,#*.!:#&2>#! g_USchP, $%&'()*0A()>)*1&2), ')B.()C<0'*1), =-)>L06&2+P, 0'-029!
:#61$%&$('!/05'9!;'+0&P!W<!<Ak9!
QQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQ!
Tc!!
\U`)*?HLH?D:IDH)]<EF>HK)
6"K"#$ E-*)*-1.+1*$M,;0(*/$)/801,(*51*)$,
XSP! B#3+'6'$%03>#! -2$%)0*'M)0/0*3$(#! %0N#)#O,'%*3#! +&1! +&0/>'5$(17! '%&'?17! 30!
%&,#9!
<&0650/*1?#!bVP!B#3+'6'$%03>0!-2$%)0*'M)0/0*3$(0!%0N#)0O,'%*30!+&1!'%&'(2!1*!&0425%#%!
)#&1#*?0!4#!+'*')530*0!,0&1%)0!
! *! ,1*! ,#^! :! GD! k!
+M
)&0/*'$%!
K$(#*30!+'4'&*'$%1! c_! S! T! b.cd! S._U!
ba.Tc! w!U.UUS!
B0,1&*'$%! c_! S! T! b._V! S._j!
C&,#! c_! S! T! b._T! S.b_!
<'6'$%1!14=&271.!14+#/1! cS! S! T! _.Vj! S.ba!
L2$%)0*!*0,1&! c_! S! T! _.VV! S.a_!
B#$1530!/'!)&$%*1(')! cb! S! T! _.Vd! S.__!
W6')#&3#*30!'/&#$51,! cS! S! T! _.TT! S.__!
E/$'%*'$%! cS! S! T! _._T! S._c!
G%! cU! S! T! _.Ud! S.Ub!
W*1-0)#5*'$%! cU! S! T! _.US! S.Sa!
E/,#(*30*'$%.!14'61=#*30!
)&$%*1(',! dj! S! a! S.cT! U.jd!
F'50-1*0!)!%&0=272.!,'-0*30.!/&1$(#! cU! S! a! S.Tc! U.Vb!
e&140*30!*'7%')! cU! S! T! S.TU! U.cV!
s!*!t!>%0)15'!'/6')#&3#3'-17q!,1*!t!*#3,#*3>#!)&0/*'$%q!,#^!t!*#3)0-3#!)&0/*'$%q!:!t!#&1%,0%1-*#!
$&0/1*#q!GD!t!$%#*/#&/*1!'/(5'*!
<&0650/*1?#! bV! +&1(#4230! +'6'$%'$%! -2$%)0*'M)0/0*3$(17! %0N#)O,'%0*3! +&1! '%&'(29!
<&1(#4#*'! 30! >%0)15'! '/6')#&3#3'-17.! *#3,#*3>#! 1*! *#3)0-3#! )&0/*'$%! *#! 50$%)1?1!
+'6'$%'$%1.!+')+&0-*#!)&0/*'$%! 1*!$%#*/#&/*1!'/(5'*9!B#3+'6'$%03>0!%0N#)0O,'%*30!+&1!
'%&'?17!$'!+'!,*0*32!#*(0%1&#*17!)46'31%0530)!1$(#*30!+'4'&*'$%1!g:!t!b.cdq!GD!t!S._Uh.!
*0,1&*'$%!g:!t!b._Vq!GD!t!S._jh!1*!%&,#!g:!t!b._Tq!GD!t!S.b_h9!J0/(03>0!%0N#)0O,'%*30!
$'!'/,#(*30*'$%!g:!t!S.cTq!GD!t!U.jdh.!='50-1*0!)!%&0=272!g:!t!S.Tcq!GD!t!U.Vbh! 1*!
6&140*30!*'7%')! g:!t!S.TUq!GD!t!U.cVh9!H51! '=$%#3#3'! ǃ(0! )!+')+&0-*17! )&0/*'$%17.!
26'%#)53#,'!$!+','-3'!#*#5140!)#&1#*?0!4#!+'*')530*0!,0&1%)09!W6'%')1,'.!/#!'=$%#3#3'!
I0&(')*1(.! H*#! 1*! J'4,#*.!:#&2>#! g_USchP, $%&'()*0A()>)*1&2), ')B.()C<0'*1), =-)>L06&2+P, 0'-029!
:#61$%&$('!/05'9!;'+0&P!W<!<Ak9!
QQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQ!
TV!!
$%#%1$%1-*'!4*#-15*0!ǃ(0!)!+'6'$%'$%1!+'3#)53#*3#!+'$#,04*06#!)0/0*3#!gk!t!ba.Tcq!+!
w!U.UUSh9!!
<&0650/*1?#!bjP!<'$%M7'?!F'*80&&'*130)!%0$%!ǃ(!,0/!+#&1!,0&30*3!
!!
J#451(#!)!
+')+&0-317! %! +M)&0/*'$%!
C&,#!
E/,#(*30*'$%.!14'61=#*30!
)&$%*1(',! S.T_s! U.Sj! w!U.UUS!
B#$1530!/'!)&$%*1(')! U.aV! U._S! S.UUU!
L2$%)0*!*0,1&! U.ab! U._S! S.UUU!
E/$'%*'$%! S.Uds! U._S! w!U.UUS!
K$(#*30!+'4'&*'$%1! xU.ad! U.Sd! U.aUc!
G%! S._Us! U.Sc! w!U.UUS!
<'6'$%1!14=&271.!14+#/1! U.a_! U.SV! S.UUU!
F'50-1*0!)!%&0=272.!,'-0*30.!
/&1$(#! S.cSs! U.SV! w!U.UUS!
e&140*30!*'7%')! S.ccs! U.SV! w!U.UUS!
W6')#&3#*30!'/&#$51,! U.ccs! U.Sd! w!U.UUS!
W*1-0)#5*'$%! S._js! U._S! w!U.UUS!
B0,1&*'$%! U.Ub! U.Sj! S.UUU!
D#!=1!26'%')151.!#51!30!%&,#!+'6'$%03>#!%0N#)#!('%!'$%#50.!14)0/0,'!%#('!1,0*')#*#!
+'$%M7'?!%0$%1&#*3#!4!F'*80&&'*130)'!('&0(?13'!4#!)0-(&#%*0!+&1,0&3#)0!g<&0650/*1?#!bjh9!
C&,#! 30!,0/!+'6'$%03>1,1!-2$%)0*'M)0/0*3$(1,1! %0N#)#,1O,'%*3#,1!$(2+#3!4!*#$1530,!
/'! )&$%*1(').! -2$%)0*1,!*0,1&',.! 1$(#*30,!+'4'&*'$%1.! 14=&271.! 14+#/1! 1*! *0,1&*'$%3'9!
X(&#%1! 30! +'6'$%03>#!('%! '/,#(*30*'$%.! '/$'%*'$%.! $%.! ='50-1*0!)! %&0=272.!6&140*30!
*'7%').!26')#&3#*30!'/&#$51,!1*!2*1-0)#5*'$%9!
! !
I0&(')*1(.! H*#! 1*! J'4,#*.! :#&2>#! g_USchP, $%&'()*0A()>)*1&2), ')B.()C<0'*1), =-)>L06&2+P, 0'-029!
:#61$%&$('!/05'9!;'+0&P!W<!<Ak9!
QQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQ!
Tj!!
X_P! @46'31%0531!4!/#53>'!/05')*'!/'='!$'!$0!,#*3!+&1+&#)530*1!14'=&#N0)#%1!$!+'/&'-3#!
-2$%)0*'M)0/0*3$(17!%0N#)O,'%0*3!+&0/>'5$(17!'%&'(9!
<&0650/*1?#!aUP!G+0#&,#*')!('081?10*%!('&05#?130!,0/!*#(5'*30*'$%3'!14'=&#N0)#*32!1*!
/05')*'!/'='!
! !
D05')*#!
/'=#!
J0/*'!$+&0,53#,!51%0&#%2&'!$!+'/&'-3#!
-2$%)0*'M)0/0*3$(17!%0N#)O,'%0*3!'%&'(#9!
&! nU.Ucb!
+M)&0/*'$%! U.Tb_!
J0/*'!$0!2/050N230,!14'=&#N0)#*3!$!
+'/&'-3#!-2$%)0*'M)0/0*3$(17!%0N#)O,'%0*3!
+&1!'%&'(29!
&! nU.Udd!
+M)&0/*'$%! U.TcS!
K4'=&#N0)#*30!n!$0$%#)530*#!$+&0,0*531)(#!
&! nU.Uda!
+M)&0/*'$%! U.TVa!
s!&!t!G+0#&,#*')!('081?10*%!('&05#?130!
W6'%')1,'.!/#!30!G+0#&,#*')!('081?10*%!('&05#?130!,0/!%&/1%)#,1.!(1!$0!*#*#>#3'!*#!
&0/*'! 14'=&#N0)#*30! '! -2$%)0*'M)0/0*3$(17! %0N#)#7O,'%*3#7! '%&'(! =5142! U9! C0$%1&#,'!
71+'%04'.!/#!30!('081?10*%!ǃ-0*!'/!U.!1*!26'%')1,'.!/#!%0,2!*1!%#('9!:0/!/05')*'!/'='!
1*!14'=&#N0)#*30,!$!+'/&'-3#!',0*30*17!%0N#)O,'%0*3!*1!$%#%1$%1-*'!4*#-15*0!('&05#?130!
g+M)&0/*'$%!30!)!)$07!+&1,0&17!)1>3#!'/!U.UTh9!<'$%#)530*0!71+'%040!*0!,'&0,'!+'%&/1%19!
XbP! @46'31%0531! 4! )1>3'! 14'=='! $'! $0! ='53! +&1+&#)530*1! 14'=&#N0)#%1! $! +'/&'-3#!
-2$%)0*'M)0/0*3$(17!%0N#)O,'%0*3!+&0/>'5$(17!'%&'(9!
<&0650/*1?#!aSP!G+0#&,#*')!('081?10*%!('&05#?130!,0/!*#(5'*30*'$%3'!14'=&#N0)#*3#!'!
-2$%)0*'M)0/0*3$(17!%0N#)#7O,'%*3#7!1*!14'=='!)46'31%0530)!
! ! K4'==#!
J0/*'!$+&0,53#,!51%0&#%2&'!$!+'/&'-3#!-2$%)0*'M
)0/0*3$(17!%0N#)O,'%0*3!'%&'(#9!
&! U.SUa!
+M)&0/*'$%! U.bc_!
J0/*'!$0!2/050N230,!14'=&#N0)#*3!$!+'/&'-3#!-2$%)0*'M
)0/0*3$(17!%0N#)O,'%0*3!+&1!'%&'(29!
&! U.STT!
+M)&0/*'$%! U.SVa!
K4'=&#N0)#*30!!
&! U.ScV!
+M)&0/*'$%! U.S_c!
s!&!t!G+0#&,#*')!('081?10*%!('&05#?130!
I0&(')*1(.! H*#! 1*! J'4,#*.!:#&2>#! g_USchP, $%&'()*0A()>)*1&2), ')B.()C<0'*1), =-)>L06&2+P, 0'-029!
:#61$%&$('!/05'9!;'+0&P!W<!<Ak9!
QQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQ!
dU!!
L0+&#)!30!*#!)4'&-*17!+'/#%(17!>1=(#!+'41%1)*#!+')04#*'$%!,0/!$%'+*3'!14'==0!
1*!14'=&#N0)#*30,!'!-2$%)0*'M)0/0*3$(17!%0N#)#7O,'%*3#7.!+#!%#!*1!$%#%1$%1-*'!4*#-15*#9!
<'$%#)530*0!71+'%040!*0!,'&0,'!+'%&/1%19!
XaP! @46'31%0531! ,0*13'.! /#! $'! -2$%)0*'M)0/0*3$(0! %0N#)0O,'%*30! +'6'$%03>0! +&1!
/0-(179!
<&0650/*1?#!a_P!G+'5!'%&'(#!4!*#3+'6'$%03>1,1!-2$%)0*'M)0/0*3$(1,1!%0N#)#,1O,'%*3#,1!
! 8! 8!i! y_! +M)&0/*'$%!
D0(51?#! Sa! SV.c! ! !
D0-0(! dS! VS.b! _j.aT! w!U.UUS!
G(2+#3! cT! SUU.U! ! !
s!8!t!8&0()0*?#q!8!i!t!'/$'%*1!/050Nq!y_!M!71M()#/&#%!$%#%1$%1(#!
@46'31%0531! ,0*13'.! /#! $0! %0N#)0O,'%*30! +'3#)13'! )0-1*',#! gVS.b!ih! +&1! /0-(17! 1*!
&0/(030!gSV.c!ih!+&1!/0(51?#79!H51!30!'/6')'&.!/#!$'!%0!+'6'$%03>0!+&1!/0-(17.!$%#%1$%1-*'!
4*#-15*'!ǃ-0*!'/!TU!i.!+&0)0&1,'!$!71M()#/&#%!%0$%',9!W6'%')1,'.!/#!30!%0,2!%#('P!+!
w!U.UUS9!X1+'%04'!+'%&/1,'9!
XTP! @46'31%0531!$'/052303'!$!$%&'(')*3#(1!)!)46'3*'M14'=&#N0)#5*1!1*$%1%2?131!+&1!'%&'(2!
$!-2$%)0*'M)0/0*3$(1,1!%0N#)#,1O,'%*3#,19!
<&0650/*1?#!abP!G'/05')#*30!$!$%&'(')*3#(1!)!)46'3*'M14'=&#N0)#5*1!1*$%1%2?131!
! 8! 8!i! y_! +M)&0/*'$%!
B0! _! _.c! ! !
D#! cb! jc.b! dc._S! w!U.UUS!
G(2+#3! cT! SUU.U! ! !
s!8!t!8&0()0*?#q!8!i!t!'/$'%*1!/050Nq!y_!M!71M()#/&#%!$%#%1$%1(#!
@0-1*#! )46'31%0530)! gjc.b!ih! +&1! -2$%)0*'M)0/0*3$(17! %0N#)#7O,'%*3#7! $'/05230! $!
$%&'(')*3#(1! )! )46'3*'M14'=&#N0)#5*1! 1*>%1%2?1319! X1M()#/&#%! %0$%! +'(#N0.! /#! 30! /050N!
)46'31%0530).! (1! $'/052303'! 4! 42*#*31,1! 1*$%1%2?13#,1.! $%#%1$%1-*'! 4*#-15*'! )1>31! '/! TU!i9!
X1+'%04'!5#7('!+'%&/1,'9!
! !
I0&(')*1(.! H*#! 1*! J'4,#*.!:#&2>#! g_USchP, $%&'()*0A()>)*1&2), ')B.()C<0'*1), =-)>L06&2+P, 0'-029!
:#61$%&$('!/05'9!;'+0&P!W<!<Ak9!
QQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQ!
dS!!
XdP! @46'31%0531!$0!'=!*0N050*0,!)0/0*32!'%&'(#!+'6')'&13'!4!*31,!1*!$!$%#&>19!
<&0650/*1?#!aaP!<'6')'&!4!'%&'(',!'=!*0+&1,0&*0,!)0/0*32!
! 8! 8!i! y_! +M)&0/*'$%!
D#! dT! Vd.dc! ! !
@-#$17! d! V.UU! jd.UV! w!U.UUS!
B0! a! T.bb! ! !
G(2+#3! cT! SUU.UU! ! !
s!8!t!8&0()0*?#q!8!i!t!'/$'%*1!/050Nq!y_!M!71M()#/&#%!$%#%1$%1(#!
K4!<&0650/*1?0!aa! 30! )1/*'.!/#!)0-1*#!gVd.dc!ih!)46'31%0530)!'%&'(#!'+'4'&1!*#!
*0+&1,0&*'! )0/0*30! 1*! $0! 4! *31,! '! %0,! %2/1! +'6')'&1.! ,#*3>1*#! $0! '=! *0+&1,0&*0,!
)0/0*32!4!'%&'(',!+'6')'&1!)-#$17!#51!$+5'7!*09!X1M()#/&#%!%0$%!+'(#N0.!/#!)$0!(#%06'&130!
'/6')'&')!*1$'!0*#('!)0&30%*0!1*!30!%'&03!$%#%1$%1-*'!4*#-15*'!)0-31!/050N!)46'31%0530).!(1!
$0!4!'%&'(',!'!*0+&1,0&*0,!)0/0*32!+'6')'&13'!g+!w!U.UUSh9!X1+'%04'!5#7('!+'%&/1,'9!
<&0650/*1?#!aTP!<'6')'&!$!$%#&>1!'=!'%&'(')0,!*0+&1,0&*0,!)0/0*32!
!! 8! 8!i! y_! +M)&0/*'$%!
D#! dc! Vj.bU! ! !
@-#$17! V! SU.cU! SUc.S_! w!U.UUS!
B0! U! U.UU! ! !
G(2+#3! cT! SUU.UU! ! !
s!8!t!8&0()0*?#q!8i!t!'/$'%*1!/050Nq!y_!M!71M()#/&#%!$%#%1$%1(#!
K4!<&0650/*1?0!aT! 30! )1/*'.!/#!$0!)0-1*#! gVj.b!ih!)46'31%0530)!'!*0+&1,0&*0,!
)0/0*32! '%&'(#! )0/*'! +'6')'&1! $! $%#&>1.! ,#*3>1*#! gSU.c! ih! $0! +'6')'&1! )-#$179!
@46'31%0530).!(1!$0!'!*0+&1,0&*0,!)0/0*32!'%&'(#!*0!=1!+'6')'&151!$!$%#&>1.!)!)4'&?2!*19!X1M
()#/&#%!%0$%!+'(#N0.!/#!$0!'+#N0*1!/050N1!$%#%1$%1-*'!4*#-15*'!ǃ(2303'!'/!+&1-#(')#*17.!
-0!=1!=150!)$0!%&1!(#%06'&130!'/6')'&#!0*#('!)0&30%*09!X1+'%04'!5#7('!+'%&/1,'9!
$ $
I0&(')*1(.! H*#! 1*! J'4,#*.!:#&2>#! g_USchP, $%&'()*0A()>)*1&2), ')B.()C<0'*1), =-)>L06&2+P, 0'-029!
:#61$%&$('!/05'9!;'+0&P!W<!<Ak9!
QQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQ!
d_!!
6"K"!$ E-*)*-1.+1*$M,;0(*/$'(.-I*)$$
XSP! !G%#&>1!4!)1>3'!14'=='!$0!&0/(030!$&0-2303'!$!+&1$'%*'$%3'!-2$%)0*'M)0/0*3$(17!
%0N#)O,'%0*3!+&1!'%&'(29!
<&0650/*1?#!adP!<&014(2$!G+0#&,#*')06#!('081?10*%#!,0/!14'=='!$%#&>0)!1*!
+'6'$%'$%3'!*0N050*06#!)0/0*3#!+&1!'%&'(2!
!
W6'%')1,'.! /#! *1! $%#%1$%1-*'! 4*#-15*0! ('&05#?130! ,0/! 14'=='! $%#&>0)! 1*!
+'6'$%'$%3'!*0N050*06#!)0/0*3#!+&1!'%&'(29!X1+'%040!*0!,'&0,'!+'%&/1%19!
X_P! G%#&>1!+'6'$%030!*#)#3#3'!-2$%)0*'M)0/0*3$(0!%0N#)0O,'%*30!+&1!/0-(17!('%!+&1!
/0(51?#79!!
<&0650/*1?#!acP!<')04#*'$%!,0/!$+'5',!'%&'(#!1*!+'6'$%'$%3'!*0N050*06#!)0/0*3#!
<'6'$%'$%! *0N050*06#!
)0/0*3#!
G+'5!'%&'(#! G(2+#3!
y_!
+M
)&0/*'$%!D0(51?#! D0-0(! !
@0-(&#%!*#!/#*! 8! d! SU! Sd!
d.aS! U.ScS!
! 8i! S_.cc! Sc.Vd! ST.Tb!
SM(&#%!*#!/#*! 8! d! SU! Sd!
! 8i! S_.cc! Sc.Vd! ST.Tb!
_M! /'! bM(&#%! *#!
%0/0*!
8! S_! c! Sj!
! 8i! _T.Tb! S_.TU! SV.aT!
SM(&#%!*#!%0/0*! 8! SS! c! SV!
! 8i! _b.aU! S_.TU! Sc.aV!
J0/(030! ('%! SM(&#%!
*#!%0/0*!
8! S_! __! ba!
! 8i! _T.Tb! bj._j! bb.US!
G(2+#3! 8! ac! Td! SUb!
!! 8i! SUU.UU! SUU.UU! SUU.UU!
s!8!t!8&0()0*?#q!8!i!t!'/$'%*1!/050Nq!y_!M!71M()#/&#%!$%#%1$%1(#!
<&1! )0-! ('%! +'5')1?1! gTS.Ud!ih! /0(51?! $0! *0N050*'! )0/0*30! +'3#)53#! _M! /'! bM(&#%!
/*0)*'!#51!+'6'$%030.!,0/%0,!('!30!%#('!+'6'$%'!*0N050*'!)0/0*30!+&1$'%*'!+&1!aV._S!i!
! &! +M)&0/*'$%!
<'6'$%'$%!*0N050*06#!)0/0*3#!+&1!'%&'(2! xU.UcU! U.aVV!
s!&!t!G+0#&,#*')!('081?10*%!('&05#?130! ! !
I0&(')*1(.! H*#! 1*! J'4,#*.!:#&2>#! g_USchP, $%&'()*0A()>)*1&2), ')B.()C<0'*1), =-)>L06&2+P, 0'-029!
:#61$%&$('!/05'9!;'+0&P!W<!<Ak9!
QQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQ!
db!!
/0-(')9!A*(&#%! %0/0*$('! 30!*0N050*'!)0/0*30!+&1$'%*'!+&1!_b.a!i!/0(51?#7! 1*!S_.T!i!
/0-(17.!&0/(030!('%!SM(&#%!*#!%0/0*!+#!+&1!_T.Tb!i!/0(51?!1*!bj._j!i!/0-(')9!J#451(#!)!
/050N17!*1!$%#%1$%1-*'!4*#-15*#9!X1+'%040!*0!,'&0,'!+'%&/1%19!
XbP! G%#&>1! $0! $''-#3'! $! -2$%)0*'M)0/0*3$(1,1! %0N#)#,1O,'%*3#,1! $)'317! '%&'(! 1*!
1>-03'!+','-!)!$'/05')#*32!4!)46'31%0531!1*!)!51%0&#%2&19!
<&0650/*1?#!aVP!<'$)0%!4!)46'31%0531!650/0!*#!+'6'$%'$%!*0N050*06#!)0/0*3#!+&1!'%&'(2!
<'$)0%!4!)46'31%0530,!
<'6'$%'$%!
*0N050*06#!)0/0*3#! G(2+#3!
y_! +M)&0/*'$%!
z!SM(&#%!
%0/0*$('!
w!SM(&#%!
%0/0*$('! !
*0! k! _a! bd! dU!
b.Vj! U.UaV!
! 8i! c_.cb! T_.Sc! TV.V_!
/#! k! j! bb! a_!
! 8i! _c._c! ac.Vb! aS.SV!
G(2+#3! k! bb! dj! SU_!
!! 8i! SUU.UU! SUU.UU! SUU.UU!
s!8!t!8&0()0*?#q!8!i!t!'/$'%*1!/050Nq!y_!M!71M()#/&#%!$%#%1$%1(#!
K4! <&0650/*1?0! aV! 30! )1/*'.! /#! $0! $%#&>1.! (1! $0! +'6'$%030! g)0-! ('%! 0*(&#%(&#%!
%0/0*$('h! $&0-2303'! 4!,'%0-1,! )0/0*30,! '%&'(#.! )! _c._c!i! +'$)0%2303'! 4! )46'31%0531.!
,0/%0,!('!30!%#(17.!(1!$0!&0/(030!('%!SM(&#%!*#!%0/0*!*0+&1,0&*'!)0/03'.!$('!+'5')1?#!
gac.Vb!ih9!J#451(#!)!/050N17!30!$%#%1$%1-*'!4*#-15*#!g+!t!U.UaVh9!"!)46'31%0531!)!)0-31!,0&1!
$'/052303'!$%#&>1.!+&1!(#%0&17!$0!'%&'(!&0/(030!*0+&1,0&*'!)0/0!g30!*0+&1,0&*'!)0/0*30!
4#!*317')06#!'%&'(#!='53!*0*#)#/*'h9!G(50*0,'.!/#!$0!$%#&>1!+'$)0%2303'!'!*0+&1,0&*0,!
)0/0*32!4!)46'31%0530,.!1*!%'!+&0/)$0,!%#(&#%.!('!30!'%&'(')'!)0/0*30!*0+&1-#(')#*'!'49!
$0!&0/('!+'3#)19!
! !
I0&(')*1(.! H*#! 1*! J'4,#*.! :#&2>#! g_USchP, $%&'()*0A()>)*1&2), ')B.()C<0'*1), =-)>L06&2+P, 0'-029!
:#61$%&$('!/05'9!;'+0&P!W<!<Ak9!
QQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQ!
da!!
<&0650/*1?#! ajP! K$(#*30! 1*8'&,#?13! '! ,'%0-0,! )0/0*32! +&1! )46'31%05317! g)! )46'3*'M
)#&$%)0*1!1*$%1%2?131h!1*!$%&'(')*1!51%0&#%2&1!g*#!1*%0&*0%2h!
!! 8! 8!i! y_! +M)&0/*'$%!
B0! Vj! V_.a! ! !
D#! Sj! Sc.d! aT.bc! w!U.UUS!
G(2+#3! SUV! SUU.U! ! !
s!8!t!8&0()0*?#q!8!i!t!'/$'%*1!/050Nq!y_!M!71M()#/&#%!$%#%1$%1(#!
<&0650/*1?#! aj! +&1(#4230.! /#! )0-! ('%! TU!i! $%#&>0)! 1>-0! 1*8'&,#?130! '! '%&'(')0,!
)0/0*32!*#!1*%0&*0%2!1*!+&1!)46'31%0532!g+!w!U.UUSh9!X1+'%04'!5#7('!+'%&/1,'9!
XaP! G%#&>1!('%!*#3+'6'$%03>0!-2$%)0*'M)0/0*3$(0!%0N#)0O,'%*30!+&1!'%&'?17!*#)#3#3'!
%&,'!1*!/&#N531)'$%9!
<&0650/*1?#!TUP!<'6'$%'$%!+'$#,04*0!'=51(0!*0N050*06#!)0/0*3#!1*!&0425%#%!#*#5140!
)#&1#*?0!4#!+'*')530*0!,0&1%)0!
!! *! ,1*! ,#^! :! GD! k! +M)&0/*'$%!
C&,#! SUc! S! T! b.U_! S.S_!
aV.c_! w!U.UUS!
K4=&271! SUd! S! T! _.aU! S.Sc!
J#4/&#N531)'$%! SUc! S! T! _.bS! S.SU!
;&1-#*30! SUT! S! T! _.Sd! S.Sc!
H6&0$1)*'$%! SUc! S! T! S.cd! S.US!
C'5-0*30!4!&'(#,1! SUc! S! T! S.d_! S.UV!
F'50-1*0!)!%&0=272! SUT! S! b! S.TT! U.cb!
<',#*3(#*30!$#,'4#2+#*3#! SUd! S! a! S.aj! U.VT!
e&140*30!*'7%')! SUd! S! T! S.a_! U.jb!
:'-0*30! SUc! S! T! S.bb! U.cS!
D&1$(#! SUc! S! a! S.bb! U.da!
K4'61=#*30!)&$%*1(',! SUc! S! b! S.bU! U.Tj!
W*1-0)#*30!5#$%*1*0! SUc! S! a! S._c! U.dS!
<532)#*30! SUc! S! a! S._d! U.dU!
@&%0*30!5#$! SUd! S! a! S._T! U.dj!
I&'*=#?7')!u!t!U.VSc! ! ! ! ! ! ! !
s!*!t!>%0)15'!'/6')#&3#3'-17q!,1*!t!*#3,#*3>#!)&0/*'$%q!,#^!t!*#3)0-3#!)&0/*'$%q!:!t!#&1%,0%1-*#!
$&0/1*#q!GD!t!$%#*/#&/*1!'/(5'*!
I0&(')*1(.! H*#! 1*! J'4,#*.!:#&2>#! g_USchP, $%&'()*0A()>)*1&2), ')B.()C<0'*1), =-)>L06&2+P, 0'-029!
:#61$%&$('!/05'9!;'+0&P!W<!<Ak9!
QQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQ!
dT!!
H*(0%1&#*1!$%#&>1!*#)#3#3'.!/#!30!)!+')+&0-32!*#3='53!+'6'$%'!*0N050*'!)0/0*30!+&1!
'%&'(2!%&,#!g:!t!b.U_q!GD!t!S.S_h.!$50/13'!14=&271!g:!t!_.aUq!GD!t!S.Sch!1*!/&#N531)'$%!
g:!t!_.bSq!GD!t!S.SUh9!X1+'%04'.!#51!'=$%#3#!ǃ(#!)!+'6'$%'$%1!*0N050*17!'=51(!)0/0*3#.!
%0$%1&#,'!$!+','-3'!#*#5140!)#&1#*?0!4#!+'*')530*0!,0&1%)09!W6'%')1,'.!/#! ǃ(#!)!
+')+&0-*17! )&0/*'$%17! '=$%#3#! gk! t! aV.c_q! +! w! U.UUSh9! K4)0/0,'! +'$%M7'?! %0$%1&#*3#!
g<&0650/*1?#!bVh!,0/!+#&1!*0N050*17!'=51(!)0/0*3#! 1*!26'%')1,'.!/#! 30!*#3+'6'$%03>#!
'=51(#! %&,#9!<'3#)53#! $0!+'6'$%030!('%! (#%0&'('51! /&26'!*0N050*'!)0/0*30! g+')+&0-*#!
+'6'$%'$%! %&,0! 30! $%#%1$%1-*'! 4*#-15*'! )1>3#! ('%! +'6'$%'$%! '$%#517! '=51(! )0/0*3#q!
<&0650/*1?#!TUh9!B#!/&260,!,0$%2!$'!14=&271.!/&#N531)'$%!1*!(&1-#*30.!+&1!(#%0&17!,0/!
+'6'$%'$%3'! *#)0/0*17! '=51(! )0/0*3#! *1! $%#%1$%1-*'! 4*#-15*0! ǃ(0! g14=&271! n!
/&#N531)'$%P!%!t!U.UjTq!+!t!S.!14=&271!n!(&1-#*30P!%!t!U.UVcq!+!tSh9!
<&0650/*1?#!TSP!<'$%M7'?!F'*80&&'*130)!%0$%!,0/!+'6'$%'$%3'!%&,0!1*!/&2617!*0N050*17!
)0/0*3!
!!
J#451(#!)!
+')+&0-317! %!
+M
)&0/*'$%!
D&1$(#! S.dj! U.S_! w!U.UUS!
:'-0*30! S.cb! U.SS! w!U.UUS!
F'50-1*0!)!%&0=272!! S.ac! U.Sb! w!U.UUS!
e&140*30!*'7%')! S.dd! U.Sa! w!U.UUS!
@&%0*30!5#$! S.cc! U.Sa! w!U.UUS!
C'5-0*30!4!&'(#,1! S.aU! U.Sb! w!U.UUS!
K4=&271! U.da! U.SS! w!U.UUS!
J#4/&#N531)'$%! U.c_! U.SS! w!U.UUS!
H6&0$1)*'$%! S._d! U.S_! w!U.UUS!
W*1-0)#*30!5#$%*1*0! S.cT! U.SU! w!U.UUS!
<532)#*30! S.cV! U.S_! w!U.UUS!
;&1-#*30! U.VT! U.S_! w!U.UUS!
<',#*3(#*30!$#,'4#)0$%1! S.Tb! U.S_! w!U.UUS!
K4'61=#*30!)&$%*1(',! S.c_! U.SS! w!U.UUS!
X1+'%04'! $,'! +&0)0&151! >0! 4! F'*80&&'*130)1,! +'$%M7'?! %0$%',! g<&0650/*1?#! TSh9!
D05',#!3'!5#7('!+'%&/1,'.!$#3!30!*#3+'6'$%03>#!*0N050*#!'=51(#!)0/0*3#!+&1!'%&'?17!%&,#.!
/&#N531)'$%!+#!30!$(2+#3!4!14=&271!1*!(&1-#*30,!*#!/&260,!,0$%2!+'6'$%'$%19!
! !
I0&(')*1(.! H*#! 1*! J'4,#*.! :#&2>#! g_USchP, $%&'()*0A()>)*1&2), ')B.()C<0'*1), =-)>L06&2+P, 0'-029!
:#61$%&$('!/05'9!;'+0&P!W<!<Ak9!
QQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQ!
dd!!
XTP! G%#&>1!&0/('!16*'&1'!'%&'(')'!*0+&1,0&*'!)0/0*309!
<&0650/*1?#!T_P!E/41)1!$%#&>0)!*#!*0N050*'!)0/0*30!'%&'(#!1*!&0425%#%!#*#5140!)#&1#*?0!
!! *! ,1*! ,#^! :! GD! k!
+M
)&0/*'$%!
<'7)#51,!'%&'(')'!50+'!)0/0*309! SUc! S! T! a.cU! U.cU!
cb.cc! w!U.UUS!
E%&'(2! +')0,.! /#! 30! )0/0*30!
*0$+&030,531)'9!
SUT! S! T! a.db! U.VU!
E%&'(#! %#('3! '+'4'&1,! *#!
*0+&1,0&*'!)0/0*309!
SUc! S! T! a.TT! U.jU!
E%&'(#! +'2-230,! '! +&1,0&*0,!
)0/0*32!4!5#$%*1,!4650/',9!
SUc! _! T! a.bU! U.Va!
E%&'(2!+')0,.!4#(#3!$1!N051,.!/#!$0!
/&26#-0!'=*#>#9!
SUc! S! T! a._T! U.jj!
G(2+#3!4!'%&'(',!&0>230,!%0N#)'9! SUc! S! T! a.__! U.jd!
E%&'(2! +'! *0+&1,0&*0,! )0/0*32!
+')0,.!(#(>*1!$'!,'31!'=-2%(19!
SUc! S! T! b.V_! S.Sc!
<')0,!'%&'(2.!(#('!*#3!'=)5#/230!
304'9!
SUd! S! T! b.V_! S.Sd!
E%&'(#!'>%030,.!-0!$0!*0+&1,0&*'!
'=*#>#!#51!1,#!-2$%)0*0!14=&2709!
SUc! S! T! b.TT! S.bc!
E%&'(#!'=)#&230,!+&0/!$%)#&,1.!(1!
=1!6#!5#7('!=2&1509!
SUc! S! T! _.cc! S.Sj!
E%&'(#! '=! *0+&1,0&*0,! )0/0*32!
(#4*230,9!
SUc! S! T! _.cT! S.ST!
E%&'(#! 16*'&1&#,.! -0! $0!
*0+&1,0&*'!'=*#>#9!
SUc! S! T! _.bS! S.Sc!
I&'*=#?7')!u!t!U.cSj! !! !! !! !! !! !! !!
s!*!t!>%0)15'!'/6')#&3#3'-17q!,t!*#3,#*3>#!)&0/*'$%q!,#^!t!*#3)0-3#!)&0/*'$%q!:!t!#&1%,0%1-*#!
$&0/1*#q!GD!t!$%#*/#&/*1!'/(5'*!
K4!<&0650/*1?0!T_!30!)1/*'.!/#!30!*#3+'6'$%03>1!'/41)!$%#&>0)!*#!'%&'(')'!)0/0*30!
+'7)#5#!50+06#!)0/0*3#!g:!t!a.cq!GD!t!U.ch.!$50/1%#!+'6')'&!4!*31,!'!*0$+&030,531)'$%1!
)0/0*3#!g:!t!a.dbq!GD!t!U.VUh!%0&!'+'4#&3#*30!*0!*0+&1,0&*'!)0/0*30!g:!t!a.TTq!GD!t!
U.jUh9!B#3&0/(030!)+&#>#*1!$%#&>1!'%&'(')'!*0+&1,0&*'!)0/0*30!16*'&1'!g:!t!_.bSq!GD!
t!S.Sch9!J#451(#!)!+')+&0-*17!)&0/*'$%17!30!$%#%1$%1-*'!4*#-15*#!g+!w!U.UUSh9!!
I0&(')*1(.! H*#! 1*! J'4,#*.!:#&2>#! g_USchP, $%&'()*0A()>)*1&2), ')B.()C<0'*1), =-)>L06&2+P, 0'-029!
:#61$%&$('!/05'9!;'+0&P!W<!<Ak9!
QQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQ!
dc!!
@!+&0650/*1?1!30!+&1(#4#*!>0!I&'*=#?7')!('081?10*%!u.!(1!(#N0!4#*0$531)'$%!,0&30*3#!
'/41)')!$%#&>0)!*#!'%&'(')'!)0/0*309!@&0/*'$%!('081?10*%#!*#/!U.dU!(#N0!*#!2$%&04*'!
4#*0$531)'$%!,0&30*3#9!@!*#>0,!+&1,0&2!30!)&0/*'$%!('081?10*%#!U.c_9!
<&0650/*1?#!TbP!<'$%M7'?!F'*80&&'*130)!%0$%!,0/!16*'&1&#*30,!'%&'(')06#!)0/0*3#!1*!
'=&#)*#)#*1,1!'/41)1!
!!
J#451(#!)!
+')+&0-317! %! +M)&0/*'$%!
E%&'(#!%#('3!'+'4'&1,!*#!*0+&1,0&*'!)0/0*309! n_._d! U.Sb! w!U.UUS!
E%&'(2!+')0,.!/#!30!)0/0*30!*0$+&030,531)'9! n_.bT! U.Sb! w!U.UUS!
E%&'(#!'>%030,.!-0!$0!*0+&1,0&*'!'=*#>#!#51!1,#!
-2$%)0*0!14=&2709!
nS._V! U.Sd! w!U.UUS!
E%&'(2!+'!*0+&1,0&*0,!)0/0*32!+')0,.!(#(>*1!
$'!,'31!'=-2%(19!
nS.T_! U.ST! w!U.UUS!
E%&'(#!+'2-230,!'!+&1,0&*0,!)0/0*32!4!5#$%*1,!
4650/',9!
n_.UU! U.Sa! w!U.UUS!
E%&'(#!'=)#&230,!+&0/!$%)#&,1.!(1!=1!6#!5#7('!
=2&1509!
nU.ad! U.Sd! U._ja!
E%&'(2!+')0,.!4#(#3!$1!N051,.!/#!$0!/&26#-0!
'=*#>#9!
nS.jd! U.ST! w!U.UUS!
E%&'(#!'=!*0+&1,0&*0,!)0/0*32!(#4*230,9! nU.aj! U.Sa! U.Ud_!
G(2+#3!4!'%&'(',!&0>230,!%0N#)'9! nS.ja! U.Sd! w!U.UUS!
<')0,!'%&'(2.!(#('!*#3!'=)5#/230!304'9! nS.Ta! U.ST! w!U.UUS!
<'7)#51,!'%&'(')'!50+'!)0/0*309! n_.aS! U.Sb! w!U.UUS!
!
F'*80&&'*130)1!+'$%M7'?!%0$%1!g<&0650/*1?#!Tbh!(#N03'.!/#!$0!16*'&1&#*30!'%&'(')06#!
*0+&1,0&*06#!)0/0*3#!+'3#)53#!0*#('!&0/('!('%!'=)#&')#*30!'%&'(#!+&0/!$%)#&,1.!(1!=1!
6#! 5#7('! =2&150! g%! t! U.Sdq! +! t! U._jah! #51! (#4*')#*30! '%&'(#! g%! t! U.Saq! +! t! U.Ud_h9!
X1+'%04'!5#7('!+'%&/1,'9!K6*'&1&#*30!*0+&1,0&*06#!)0/0*3#!$0!46'/1!&0/('9!
! )
I0&(')*1(.! H*#! 1*! J'4,#*.!:#&2>#! g_USchP, $%&'()*0A()>)*1&2), ')B.()C<0'*1), =-)>L06&2+P, 0'-029!
:#61$%&$('!/05'9!;'+0&P!W<!<Ak9!
QQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQ!
dV!!
_) -.3%*"%)!0,4,$#4$%)!
e5#)*1!*#,0*!,#61$%&$(06#!/05#!30!=15'!)$(#%1!1*!26'%')1%1!+',0,=*'$%!&0>0)#*3#!
-2$%)0*'M)0/0*3$(17!%0N#)O,'%0*3!+&1!'%&'(2.!+',0,=*'$%!/05#!)46'31%0530)!1*!$%#&>0)!%0&!
$'/05')#*3#!,0/! *31,19! "#*1,#51! $'! *#$! '/*'$! 1*! &#)*#*30! $%#&>0)! %0&! )46'31%0530)! )!
+&1,0&2! -2$%)0*'M)0/0*3$(17! %0N#)O,'%0*3! +&1! '%&'(2.! +'3#)*0! '=51(0! -2$%)0*'M
)0/0*3$(17! %0N#)O,'%0*3! +&1! '%&'?179! R05051! $,'! 26'%')1%1! %2/1.! $! (#%0&1,1! 1*$%1%2?13#,1!
$'/052303'!)46'31%0531!1*!$%#&>1!%0&!(#(>*'!30!*317')'!$'/05')#*30.!(#('!+'%0(#!1*!)!(#(>*17!
+&1,0&17!1>-03'!,0/$0='3*'!+','-9!!
@46'31%0531! $'! $0! *0!650/0! *#! )1>3'! '41&',#!*1N3'! 14'=='!#51! +#!(>'! '41&',#!
/#53>'! /05')*'! /'='! 0*#('! +&1+&#)530*1! 14'=&#N0)#%1! $! +'/&'-3#! -2$%)0*'M)0/0*3$(17!
%0N#)O,'%0*3! +&0/>'5$(17! '%&'(9! <&#)! %#('! :1550&30)#! g_UUUh! %&/1.! /#! 30! +',0,=*'!
)46'31%0530)'!$+&'%*'! 14'=&#N0)#*30!'!+&'=50,17! 1*!$1%2#?13#7.!$!(#%0&1,1!$0!+&1!$)'30,!
/052!$''-#9! K*!$1?0&! %#('.!/#!'=1$(230!$%&'(')*#!$&0-#*3#.! $0!2/050N230!('*80&0*?!#51!
/05#)*1?.!+&0=1&#!$%&'(')*'!51%0&#%2&'!%0&!$0!+'6')#&3#!1*!1>-0!$%1(0!$!$%&'(')*3#(1!4!/&2617!
+'/&'-139!!
@! )$(#)1! $,'! 26'%')151.! /#! )46'31%0531! ('%! *#3+'6'$%03>'! -2$%)0*'M)0/0*3$('!
%0N#)'O,'%*3'! )! )&%?2!*#)#3#3'! 1$(#*30!+'4'&*'$%1.! *0,1&*'$%! %0&! %&,'.! $50/13'!+'6'$%1!
14=&271.! 14+#/1.!*0,1&*'$%! 1*!*#$1530!/'!)&$%*1(')9!X(&#%1!$'! %0!%0N#)0O,'%*30!*#)0/0*0!
+'6'$%030! ('%! '/,#(*30*'$%.! '/$'%*'$%.! $%.! ='50-1*0! )! %&0=272.! 6&140*30! *'7%').!
26')#&3#*30! '/&#$51,! 1*! 2*1-0)#5*'$%9! f0%'&30)#! g_USbh! )! $)'31! )$(#)1! *#)#3#! ('%!
+'6'$%'!,'%0-0!)0/0*30!'%&'(#!)!)&%?2!*0,1&*'$%! 1*! 8141-*'!*#$1530!/'!)&$%*1(')9!:0/!
,#*3!+'6'$%#!)0/0*3#!+#!2,0>-#!'/,#(*30*'$%!)#$0!%0&!26')#&3#*30!'/&#$51,9!<'/'=*1!
$'!%2/1!14$50/(1!)$(#)0!G0)-*1(#&30)0!g_USc.!$%&9!ddh.!(1!+&#)1.!o>.!&0,/.,(/:01+')61+5),
+*, &'-020(*),>)6.(2),*.1?061, +/&'0=.10@.,()>)*1.,)2&')-*.6+/+-.*),0?6+2)I, 2+, (, &2%=+*0,
(*.L.10,*)<+-I,<0')@*0&', +*,/.P')(*0&'",S*0, +/<)>,'.2L*+P,()>)*1, 1), +*')*/+()*I,>61),
@.&., '-.1.10@, 102I, 2+,()@+*+, +*')-(1%(.*2,=-)>&'.(61., '%>+, /*.2I,>.,0'-02,>0B+(61.,&'+&20",
T/-./+'0, )2&')-*.6+/+-.*0, +/&'0=.10@), ()>)*1), 1), '%>+, .:-)&+(*0&', 0'-02", H06):, 0?6+2,
()>)*1.I,2+,<0'+10,0206+50I,=.,-)/%6'.'+,=-+2./%1)10I,>.,&0,<)>,?061,+/&'0=.10@+<+,()>)*1+,
'%>+,'.2L*.I,2+,&0,+*')-*.6+/+-.*.,+*,<.*1,(+>*.",U)>*1),&=.>.10,=-)>(&)<,/.=-'0&',(.&)I,
0><+2,0>,&2%=+*),+*,.&05+.6*0,()>)*1)"p,!
<&#)!%#('!$%#&>1!*#)#3#3'.!/#!30!%&,#!*#3+'6'$%03>#!'=51(#!*0N050*06#!)0/0*3#!+&1!
'%&'(2.!$50/13'!/&#N531)'$%.!14=&271!'%&'(!1*!(&1-#*309!f('850(!g_USUh!30!$1,+%',0!%0N#)!
*#! +'/&'-32! -2$%)')#*3#! 1*! )0/0*3#! /0515! *#! %050$*0! %0N#)0.! $5#=0! *#)#/0.! 4*#(0!
*02$%&04*06#!+&15#6#3#*3#!%0&!%0N#)0!)!'/*'$17!4!/&261,19!J#41$(#)#!30!+'(#4#5#.!/#!$0!
I0&(')*1(.! H*#! 1*! J'4,#*.! :#&2>#! g_USchP, $%&'()*0A()>)*1&2), ')B.()C<0'*1), =-)>L06&2+P, 0'-029!
:#61$%&$('!/05'9!;'+0&P!W<!<Ak9!
QQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQ!
dj!!
'%&'?1! )! +&0/>'5$(0,! '=/'=32! *#3+'6'$%030! $&0-2303'! +&#)! $! %0N#)#,1! *02$%&04*06#!
+&15#6#3#*3#.!(#,'&!2)&>-#,'!%&,'.!14=&270.!/&#N531)'$%.!(&1-#*30!1*!#6&0$13'9!!
J#41$(#)#! 30! +'(#4#5#.! /#! $'! $%#&>1! ,*0*3#.! /#! $0! -2$%)0*'M)0/0*3$(0!
%0N#)0O,'%*30!+&1! '%&'(2! )!*#3)0-31!,0&1! +'3#)53#3'! 4#&#/1! *04#/'$%*0!('51-1*0!$+#*3#.!
'%&'(')06#! %0,+0&#,0*%#.! *#-1*#! )46'30! #51! $%#&'$%1! '%&'(#9!<&#)! %#('! %2/1! )46'31%0531!
,0*13'.!/#!*#!*#$%#*0(!-2$%)0*17!1*!)0/0*3$(17!%0N#)!)!*#3)0-31!,0&1!)+51)#!*#-1*!)46'309!
C#('!('%!26'%#)53#!f0%'&30)#! g_USb.!$%&9!jTh!)!$)'31! )$(#)1.!)46'31%0531!,0*13'.!/#!$0!
'%&'?1!,'%0-0!)0/03'.!(0&!$'!o'/!/',#!*#)#30*1.!/#!30!)$0!+'!*317')0,.!%0&!$'!*0)46'30*1!
$!$%&#*1!$%#&>0)p9!X(&#%1!+#!)46'31%0531!*#)#3#3'!%2/1.!/#!*#!*#$%#*0(!%0N#)!)+51)#!-2$%)0*1!
$%&0$!'%&'(#!#51!'=-2%0(!+&1+#/*'$%19!@$0!%0!/03#)*1(0!*#)#3#!%2/1!G7#+1&'!g_UUbh!1*!7(&#%1!
,0*1.! /#! 30! *#! *0(#%0&0! /03#)*1(0! 5#N30! )+51)#%1! ('%! *#! /&2609!;532=! %0,2!+#! 5#7('!$!
+&0)0*%1)'!'49!4#)0/#*30,!%07!/03#)*1(')!4,#*3>#,'!+&#)!)$#(06#9!!
@46'31%0531! $0! +'6'$%030! $&0-2303'! $! -2$%)0*'M)0/0*3$(1,1! %0N#)#,1O,'%*3#,1! +&1!
/0-(17!('%!+&1!/0(51?#79!F2=*1-!g_USah!)!4#(532-*0,!/052!*#)#3#.!/#!$0!)0-!('%!+'5')1?#!
)46'31%0530)!)!)0-31!,0&1!$&0-230!4!#6&0$1)*1,!)0/0*30,!+&1!/0-(17!('%!+&1!/0(51?#79!G%#&>1!
$0!*0!650/0!*#!$)'3'!14'=='!$&0-2303'!$!-2$%)0*'M)0/0*3$(1,1!%0N#)#,1O,'%*3#,1!+&1!
$)'30,!'%&'(2!1*!-2$%)0*'M)0/0*3$(0!%0N#)0O,'%*30!$0!+'3#)53#3'!%#('!+&1!/0-(17!('%!+&1!
/0(51?#79!L0+&#)!$,'!)!)$(#)1!26'%')151.!/#!+'3#)!-2$%)0*'M)0/0*3$(17!%0N#)O,'%0*3!
*1!'/)1$0*!'/!$+'5#.!+#!G7#+1&'!g_UUbh!*#)#3#.!/#!$0!+&1!/0-(17!1*!/0(51?#7!ǃ(230!50!
)&$%#! -2$%)0*'M)0/0*3$(17! %0N#)O,'%0*3! 1*! /#! 1,#3'! /0-(1! )0-! %0N#)O,'%0*3! +&0/!
/'+'5*30*1,! /)#*#3$%1,! 50%',.! ,0/%0,! ('! 317! 1,#3'! /0(51?0! )0-! )! +2=0&%0%19! @0-1*#!
/0-(')! 1,#! )0-! %0N#)! 4! ,'%*3#,1! ('*?0*%&#?130! #51! -2$%)0*'M)0/0*3$(1,1!
%0N#)#,1O,'%*3#,1.! /0(51?0! $0! +'6'$%030! $''-#3'! 4! /0+&0$13'! 1*! ,'%*3#,1!
+&07&#*30)#*3#9!!
J#41$(#)#! 30! +'(#4#5#.! /#! jc.b! '/$%'%(#! )46'31%0530)! )! +&1,0&2! %0N#)! $'/05230! $!
$%&'(')*3#(1! )! )46'3*'M14'=&#N0)#5*1! 1*$%1%2?1319! B#3+'6'$%030! $'/052303'! $! $)0%')#5*'!
$52N='.! /&261,1! )46'31%0531! #51! +','-*1(1! )46'31%0530).! 50! _! '/$%'%(#! $%#! %#(17.! (1! *0!
$'/05230%#! 4! *'=0*1,! $%&'(')*3#(',9! @46'31%0531! $0! '=&*03'! +'! +','-! $%&'(')*3#(#!
%#(&#%.! ('! /530! -#$#! 4#4*#)#3'! -2$%)0*'M)0/0*3$(0! %0N#)0O,'%*30! +&1! '%&'(2! #51! +'!
+'6')'&2! $! $%#&>19! C2/1! F2=*1-! g_USa.! $%&9! _Th! *#)#3#.! o/#! $0! )46'31%0531! )! +&1,0&2!
+&0(',0&*06#!1*!/'56'!+'*#)53#3'-06#!'-1%*06#!#6&0$1)*06#!)0/0*3#!'%&'(!'=&*03'!+'!
+','-!1*!$)0%')#*30!(!$'/05#)?0,!%0&!$)0%')#5*0,2!/05#)?29p!!
E=&#%*#!$51(#!30!+&1!$%#&>17.!(30&!30!)0-!('%!+'5')1?#!'/6')'&15#.!/#!)!)46'3*'M)#&$%)0*1!
1*$%1%2?131! *0! $'/05230! 4! *'=0*1,! $%&'(')*3#(',.! %1$%1! +#.! (1! $'/052303'.! $0! *#3)0-(&#%!
I0&(')*1(.! H*#! 1*! J'4,#*.! :#&2>#! g_USchP, $%&'()*0A()>)*1&2), ')B.()C<0'*1), =-)>L06&2+P, 0'-029!
:#61$%&$('!/05'9!;'+0&P!W<!<Ak9!
QQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQ!
cU!!
'=&*03'!*#!)46'31%053#!#51!+','-*1(#!)46'31%053#9!<&0/)1/0)#51!$,'.!/#!$0!$%#&>1!)!+&1,0&2!
-2$%)0*'M)0/0*3$(17!%0N#)O,'%0*3!+&1!'%&'(2!+'$)0%2303'!4!)46'31%0530,!+&0/>'5$(17!'%&'(9!
K4$50/(1! )$(#)0! $'! +'(#4#51.! /#! $%#&>1! )! +&1,0&2! '%&'(')17! -2$%)0*'M)0/0*3$(17!
%0N#)O,'%0*3!1>-03'!+','-!+&1!)46'31%05317!)!)&%?17!#51!+#!1>-03'!1*8'&,#?130!'!)0/0*32!*#!
$+50%29!@0*/#&!+#!30!)$(#)#!+'(#4#5#!%2/1.!/#!4!)46'31%0531!)!)0-31!,0&1!$'/052303'!$%#&>1.!
+&1! (#%0&17! $0! '%&'(! &0/(030! *0+&1,0&*'! )0/0! #51! +#! 30! %'! 4#*3! *0*#)#/*'! '41&',#!
*0+&1-#(')#*'9!C1$%1!$%#&>1.!(1!$'/052303'!4!)46'31%0530,.!$0!4!*31,!+'6')'&13'!'=!+&15'N*'$%1!
#51!*#!+'6')'&*17!2O!C'!+'%&32303'!%2/1!'/6')'&1!)46'31%0530).!)(532-0*17!)!)$(#)'.!(1!
$'!*#)0/51.!/#!$%#&>0!'! %0N#)#7O,'%*3#7!'=)0>-#3'!*#!+'6')'&*17!2O!@46'31%0531!$'!
/03#51.!/#!$0!$!$%#&>1!+'6')'&13'!%2/1!+&1!$+&030,2!#51!'//#31!'%&'(#.!)!,#*3>1!,0&1!+&0('!
+1$0,!#51!%0508'*$(17!+'6')'&')9!!
W6'%#)53#51!$,'!%2/1!$'/05')#*30!)46'31%0530)!%0&!$%#&>0)!4!42*#*31,1!1*$%1%2?13#,19!@!
)$(#)1! )0-! ('%! %&0%31*#! )46'31%0530)! 1*! )0-! ('%! +'5')1?#! $%#&>0)! )! +&1,0&2! '%&'(')17!
-2$%)0*'M)0/0*3$(17!%0N#)O,'%0*3!*0!$'/05230!4!42*#*31,1!1*$%1%2?13#,19!@46'31%0531!$'!$0!
)!+&1,0&2! $'/05')#*3#!'/5'-151! 4#! ?0*%0&! 4#! $'?1#5*'!/05'! %0&! 4/&#)$%)0*0!/05#)?09!@!
)$(#)1!4#!$%#&>0!+#!317!30!50!T.VV!'/$%'%(#!*#)0/5'!$'/05')#*30!4!4/&#)$%)0*1,1!/05#)?1!
1*!50!/)#!'/$%'%(#!?0*%0&!4#!$'?1#5*'!/05'9!:0*1,'.!/#!30!$'/05')#*30!'/)1$*'!'/!)&$%0!
1*!$%'+*30!%0N#)O,'%0*3!+&1!'%&'(29!!
K4! 14$50/(')!'=07! )$(#)!$,'!+')04#51.!/#!$1!$%#&>1! )!jV.S!'/$%'%(#!*0!=050N13'!
,'%0-06#!)0/0*3#!$)'306#!'%&'(#.!,0/%0,!('!(#&!VV._a!'/$%'%(#!)46'31%0530)!'%&'(')'!
)0/0*30!=050N19!<&0/)1/0)#,'.!/#!30!%'!+&0/)$0,!4#&#/1!%06#.!(0&!$%#&>1!$)'306#!'%&'(#!
+'4*#3'!*#3='530!1*!*0!-2%13'!+'%&0=0!+'!%0,.!/#!=1!*306')'!)0/0*30!=050N1519!@!+&17'/*30!
=1! =15'! $,1$05*'! +&02-1%1! )4&'(0.! 4#(#3! $0! )46'31%0531! '/5'-#3'! 4#! =050N0*30! '%&'(')17!
,03*1(')! )! )'32! 1*! 4#(#3! 30! )46'31%0530,! %'! ='53! +',0,=*'!('%! $%#&>0,9!:1550&30)#!
g_UUUh!%&/1.!/#!30!=050N0*30!+',0,=*'.!$#3!%#('!)1/1,'.!(/#3!1*!(#%0&1!4*#(1!$0!+&1!'%&'(2!
+'3#)53#3'!1*!$'!4#$(&=5323'-1.!(/'!30!=15!)(532-0*!)!/03#)*'$%.!('!$'!$0!%1!4*#(1!+'3#)53#51.!
(#('!$0!30!'%&'(!'/4)#5.!%0&!/#!,2!)!+&1,0&2.!-0!$0!4*#(1!+'3#)53#3'!/530!-#$#!1*!')1'!
*306')!)'3.!+'1>-0,'!2$%&04*'!+','-9!!
@1$'(!/050N!)46'31%0530)!$0!'=!'%&'(')0,!*0N050*0,!)0/0*32!4!'%&'(',!+'6')'&1!%0&!
,2!+')0.!/#!30!*306')'!)0/0*30!*0$+&030,531)'9!<'6')'&13'!$0!%2/1!$!$%#&>1.!,0/%0,!('!
*0N050*'!)0/0*30!&0/('!16*'&1'!1*!(#4*2303'9!J0425%#%1!f0%'&30)0!g_USbh!$'!+'(#4#51.!
/#! )46'31%0531?0! *#3+&03! )4+'$%#)13'! '-0$*1! $%1(! 4! '%&'(',! %0&! $(2+#3! 4! *31,! '=51(2303'!
/'6')'&9!K430,',#!16*'&1'!'%&'(#!#51!6#!2,#(*03'!14!$(2+1*09!<&#)!%#('!$'!%2/1!$%#&>1!
)!)$(#)1!+')0/#51.!/#!$0!4!'%&'(',!+'6')'&13'!'!*306')0,!*0+&1,0&*0,!)0/0*32.!/#!
+'7)#513'! 50+'! )0/0*30! %0&! 6#! '+'4'&13'! *#! *0+&1,0&*'9! G%#&>1! $0! &0/('! +'$52N2303'!
I0&(')*1(.! H*#! 1*! J'4,#*.!:#&2>#! g_USchP, $%&'()*0A()>)*1&2), ')B.()C<0'*1), =-)>L06&2+P, 0'-029!
:#61$%&$('!/05'9!;'+0&P!W<!<Ak9!
QQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQ!
cS!!
'>%0)#*3#!'%&'(#! 1*!'=)#&')#*3#!+&0/!$%)#&,1.!(1!=1!6#! 5#7('! =2&150!#51!(#4*')#*309!
"05'! &0/('! '41&',#! $('! *1('51! %2/1! *0! 16*'&1'! *306')06#! *0+&1,0&*06#! )0/0*3#9!
G%#&>1!'=!+&1,0&*0,!)0/0*32!'%&'(#!+'6'$%'!+'7)#513'9!C2/1!G7#+1&'!g_UUbh!+&#)1.!/#!30!
'%&'(#!%&0=#!*#2-1%1!'=)5#/')#%1!304'!#51!'-#&#*309!X(&#%1!%&/1.!/#!6#!*1!/'=&'!'=)#&')#%1!
+&0/!$%)#&,1.!(1!=1!6#!5#7('!=2&150.!1*!/#!$0!30!4!*31,!%&0=#!+'6')#&3#%19!C',$'*!gSjjTh!
+&#)1.!/#!*#3!+'6')'&!%0,0531!*#!%0,.!/#!'%&'(2!'+1>0,'.!(#3!*#,!*1!)>0-.!%0&!,2!*#,0$%'!
'>%0)#*3#!'+1>0,'!$)'30!'=-2%(09!!
B0!650/0!*#!%'.!(#('!ǃ-*1!#51!+'/'=*1!$'!+'650/1.!4*#*3#!1*!&#)*#*3#!$%#&>0)!*#!
'%&'(')0!-2$%)0*'M)0/0*3$(0!%0N#)0O,'%*30.!30!+',0,=*'.!/#!$'/052303'!$!$%&'(')*3#(19!
<',0,=*'! 30! +&14#/0)#*30! )$07! )(532-0*17! N0! )! +&0/>'5$(0,! '=/'=32.! $#3! $0!
%0N#)0O,'%*30!(#$*030!(#N03'!)!2$+0>*0,!1*!4#/')'53*0,!,5#/'$%*1>%)29!J#41$(#)1.!(1!
$,'! 32! 4/&2N151! )! ,#61$%&$(1! *#5'61.! $%#! +'(#4#51! +&#)15*'$%! %0'&13.! /#! 50! $! $(2+*1,!
$'/05')#*30,!1*!+&14#/0)#*30,!5#7('!)+51)#,'!*#!'%&'(')!4/&#)!)'39! !
I0&(')*1(.! H*#! 1*! J'4,#*.!:#&2>#! g_USchP, $%&'()*0A()>)*1&2), ')B.()C<0'*1), =-)>L06&2+P, 0'-029!
:#61$%&$('!/05'9!;'+0&P!W<!<Ak9!
QQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQ!
c_!!
`) 3#4%&(4!&()#")$#&#)
F'N1-.!l9!g_UU_h9!<$17'$'?1#5*1!+&'=50,1!'%&'(!$!$+0?181-*1,1!2-*1,1!%0N#)#,19!@!;'*-*1(!
e&'>1-.! B9! 1*! ;#)(50&.! :9! g2&9h.! 4=)5+V+@*), %@*), ')B.(), 0'-02, +*, <6.>0&'*+20(W,
=-)=0/*.(.*1)I,-./%<)(.*1)I,=0<0@.!abnTV9!`32=53#*#P!G)0%')#5*1!?0*%0&!4#!'%&'(0.!
,5#/'$%*1(0!1*!$%#&>09!
Fƕ%'*MF0&&Y.!C9!gSjjjh9!M'-02W,@%&'()*+,+*,()>)*1&2+,-./(01,(.L):.,0'-02."!`32=53#*#P!
:5#/1*$(#!(*316#9!_d_n_db9!
F2=*1-.! G9.! g_USah9!X:-)&+(*0, ()>)*1), 0'-02, (, (-'5%W, (/:01+')61)(), /./*.(), +*, *.@+*+,
0>/+(.*1.","#(532-*'!/05'9!;'+0&P!W*1)0&4#!*#!<&1,'&$(0,.!k#(25%0%#!4#!,#%0,#%1('.!
*#&#)'$5')30!1*!1*8'&,#?13$(0!%07*'5'61309!
FY&*0.! f9! g_USUh9! G1$%0,$(1! +'650/! *#! )0/0*3$(0! %0N#)0! +&1! '$0=#7! 4! ,'%*3#,1! )!
/2>0)*0,!)'329!@!F2N#*.!@9.!e'5'=.!H9.!FY&*0.!f9!1*!X060/2>.!F9!g2&9h.!G)B.(),(,
()>)*1%,20',+//+(W,*.L.,=0'.!b_nbT9!K6P!I0*%0&!4#!2$+'$#=53#*30.!/05'!1*!)#&$%)'!D'58(0!
F'>%3#*-1-9!!
I0*?1-.!:9.!E9.!e#&%*0&.!l9.!C',1-.!H9!gSjVVh9!H0:6.(1.,+/,=)>.:0:+2)9!̀ 32=53#*#P!D&N#)*#!
4#5'N=#!G5')0*1309!
I'Z50Y.!G9!g_UUch9!9.20,2-0'+'+,<.6@2)"!`32=53#*#P!:'/&13#*9!dTndc9!
L#$.! :9.! ;#$%051?.! `9! 1*! f%0&.! :9! g_UUbh9, Y.(0>+6., P, 2%-+2%6%, /., (-'5), (, =-0:-.<+P, &,
=-+6.:01)*+<, +/(.1.*1)<, +*, >0>.'*0, &'-020(*0, =0<0@10, /., 0'-02), &, =0&)?*+<+,
=0'-)?.<+",`32=53#*#P!"#)'/!JG!4#!>'5$%)'9!
e#=&')0?.!l9!g_USTh9!G)0%')#5*'!/05'!)!)&%?29!@!;'='5%.!H9!g2&"ZI,4()'0(.*1),(,=-.2&+,g$%&9!
_bnbVh9!`32=53#*#P!<0/#6'>(#!8#(25%0%#!W*1)0&40!)!`32=53#*19!
e#50>#.!:9!gSjjTh9!4=)5+.6*.,<)'0>+2.,+*>+(+>%.6+/.5+1)9!g$%&9!Sbdh.!J#/')531?#P!D1/#(%#9!!
e#&/*0&.!k9.!G7#Z.!D9G9!g_UUVh9![)P.(+0-.6,H-0?6)<&,0V,T*V.*5\,.*>,H-)&5P006,]P+6>-)*,
^_K7Z", <&1/'=530*'! bU9! V9! _USc.!
7%%+POOZZZ9+1%%90/2O++?5O<2=51?#%1'*$Oe#&/*0&i_Ui_UG7#Zi_U8255i_U/%i_U?7#
+%0&9+/89,
e&00*.!J9!\9!gSjjjh9!S2&=60/+(*+,0'-02W,*0(,=-+&'0=,2,-./%<)(.*1%,+*,-.(*.*1%,&,2-0*+@*0,
*)=-+6.:0>61+(+<+,0'-02+"!`32=53#*#P!E&=1$9!
X#Y0$.!B9.!E&&055.!G9!gSjjVh9!H&+P060:+1."!̀ 32=53#*#P!"#)'/!J0+2=51(0!G5')0*130!4#!>'5$%)'9!
I0&(')*1(.! H*#! 1*! J'4,#*.! :#&2>#! g_USchP, $%&'()*0A()>)*1&2), ')B.()C<0'*1), =-)>L06&2+P, 0'-029!
:#61$%&$('!/05'9!;'+0&P!W<!<Ak9!
QQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQ!
cb!!
X'&)#%.!:9.!e0&1-.!:9.!E$%0&?.!D9.!"'&('.!:9.!J2$.!:9.!`0=#&.!`9.!:51*#&1-.!@9.!;&#,#&1-.!
;9.!<0&/16#5M@2-('.!"9.!<&05'6.!W9!1*!D27.!:9!g_UUUZ",`)60,/,()>)*1&20,+*,0&)?*0&'*0,
<0')*+<,0'-020<,+*,<6.>0&'*+20<"!`32=53#*#P!"#)'/!JG!4#!>'5$%)'9!
;#)-1-.!C9.!k0('*3#.!W9!g_UUjh!L2$%)0*1!)'3!)!46'/*30,!'%&'>%)29!@!:#&3#*')1-MW,0(.!
`9.! "2+#*-1-.! :9! g2&9h.! N./(01*., =&+P060:+1.., $%&! bbanbaj9! k15'4'8$(#! 8#(25%0%#P!
W*1)0&4#!)!`32=53#*19!
;'>#(MF#=2/0&.! :9! g_UU_h9! @+51)! &0)>-1*0! *#! '%&'(')! +$17'8141-*1! )'3! 1*! 2-*'!
2$+0>*'$%9!@!;'*-*1(!e&'>1-.!B9!g2&9h.!;#)(50&.!:9!g2&9h.!4=)5+V+@*),%@*),')B.(),0'-02,
+*, <6.>0&'*+20(W, =-)=0/*.(.*1)I, -./%<)(.*1)I, =0<0@.! $%&9! abnTV9! `32=53#*#P!
G)0%')#5*1!?0*%0&!4#!'%&'(0.!,5#/'$%*1(0!1*!$%#&>09!
;'='5%.! H9! g_USUh9! E=51(0! 1*! +'6'$%'$%! ,'%0-06#! )0/0*3#! %0&! -'61.! (1! 317! 2-1%0531!
+&1+1$2303'! %#(0,2! )0/0*329! @! ;'='5%.! H9! g2&9h.! T/&'0=.10@), ()>)*1), +*, =)>.:0L2+,
0>/+(+.!SSTnSda9!`32=53#*#P!<0/#6'>(#!8#(25%0%#!W*1)0&40!)!`32=53#*19!
;'='5%.!H9.!J#+2>M<#)05.!l9!g_UUjh9!N./%<)(.*1),+*,05)*1)(.*1),@%&'()*+P,+*,()>)*1&2+P,
')B.(,(,0>-.L@.*1%",D05')*'!6&#/1)'!4#!$'?1#5*0!+0/#6'60O1*30!)!'()1&2!(',1$13!4#!
2$,0&3#*30!'%&'(!$!+'$0=*1,1!+'%&0=#,1!E//050(!4#!G'?1#5*'!+0/#6'61('!<0/#6'>(0!
8#(25%0%0! )! `32=53#*19! <&1/'=530*'! S_9! c9! _USd.!
7%%+POOZZZ94&$$9$1O+/8O__SSSSSa_jbdQ2++Q*,0)#*30Q1*Q'?0*30)#*30Q?2$%)0*17
Q1*Q)0/0*3$(17Q%04#)Q_S325Uj9+/89!
;')#-0).!H9!B9!g_UUah9!a*.@+6*0&'+,+*,V%*25+1),)<05+1,')-,*1+P0(,(=6+(,*.,&05+.6*0,>+*.<+20"!
`32=53#*#P!@1$'(#!>'5#!4#!4/&#)$%)'9!
;*-#*.!:9!g_UUdh9!Y.,=-.:%,*0():.,>0<.W,0>>.1.,0'-02,(,(/:01*+,/.(0>9!`32=53#*#P!
<0/#6'>(#!8#(25%0%#9!
:0%53#(.!W9.!;'='5%.!H9!1*!<'%'-*1(.!f9!g_USUh9!B#&#)#!-2$%)0*17.!)0/0*3$(17!1*!$'?1#5*17!
%0N#)! $0! 14,1(#! /081*1?13#,9! T/&'0=.10@), ()>)*1), +*, =)>.:0L2+, 0>/+(+., VcnSST9!
`32=53#*#P!<0/#6'>(#!8#(25%0%#!W*1)0&40!)!`32=53#*19!
:1550&.!;9!g_UUUh9!M'-02,(,&'+&2+W,=-+-0@*+2,/.,(/:01+')61)I,%@+')61)I,&'-020(*1.2),+*,&'.-L)I,2+,
&),&-)@%1)10,/,0'-02+I,2+,>0B+(61.10,&'+&2)I,2-+/),+*,&'-)&"!`32=53#*#P!A/2?Y9!
:1*1$%&$%)'! 4#! >'5$%)'! 1*! >+'&%.! gSjjjh9! 9%-+2%6%<, /., (-'5)"! `32=53#*#P! :1*1$%&$%)'! 4#!
>'5$%)'!1*!>+'&%P!"#)'/!JG!4#!>'5$%)'9!!
I0&(')*1(.! H*#! 1*! J'4,#*.! :#&2>#! g_USchP, $%&'()*0A()>)*1&2), ')B.()C<0'*1), =-)>L06&2+P, 0'-029!
:#61$%&$('!/05'9!;'+0&P!W<!<Ak9!
QQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQ!
ca!!
:?`0'/.! G9! H9! g_USUh9! ]0*5-)'), 0=)-.'+0*.6, &'.:)", <&1/'=530*'! _9! j9! _USc.!
7%%+$POOZZZ9$1,+5Y+$Y?7'5'6Y9'&6O?'*?&0%0M'+0&#%1'*#597%,59!
B#%1'*#5!K*$%1%2%0!'8!:0*%#5!X0#5%7!g_UUjh9!]P+6>-)*&,?)P.(+0-.6,.*>,)<0'+0*.6,>+&0->)-&"!
g_UUjh9! <&1/'=530*'! _a9! V9! _USc.! 7%%+POOZZZ9(1/$,0*%#570#5%79'&6O?715/&0*$M
=07#)1'M#*/M0,'%1'*#5M/1$'&/0&$9,
B0,0?.!F9.!;*?.!:9!g_USSZ",N./(01,+*,%@)*1),=-)>L06&2):.,0'-02.W,%@?)*+2,/.,<0>%6,
N./(01, +*, %@)*1), =-)>L06&2):., 0'-02., (, =-0:-.<%, H-)>L06&2., (/:01.9! `32=53#*#P!
eP*#20&9!
<'+')1m.!C9!g_USUh9!L2$%)0*0!1*!)0/0*3$(0!,'%*309!@!F2N#*.!@9.!e'5'=.!H9.!FY&*0.!f9!1*!
X060/2>.! F9! g2&9h.! G)B.(), (, ()>)*1%, 20', +//+(W, *.L., =0'.! VnSV9! K6P! I0*%0&! 4#!
2$+'$#=53#*30.!/05'!1*!)#&$%)'!D'58(0!F'>%3#*-1-9!
<&#+0&.! <9! gSjjTh9! G.20,<.1P)*, =., B), *)-(0/)*W, =-)>&0>2+, +*, -)&*+5), 0, *)-(0/+, =-+,
0'-02%"!B')#!e'&1?#P!A/2?#9!
H-.(+6*+2,0,0-:.*+/.5+1+,+*,*.@+*%,>)6.,20<+&+1,/.,%&<)-1.*1),0&)?,&,=0&)?*+<+,=0'-)?.<+,
')-,0,2-+')-+1+P,/.,0=-)>)6+')(,(-&'),+*,&'0=*1),=-+<.*1261.1)(I,0(+-,0/+-0<.,<0')*1,0&)?,
&,=0&)?*+<+,=0'-)?.<+!g_USUh9!W&#/*1!51$%!JG.!>%9!SaO_USU9!<&1/'=530*'!ST9!S9!_USc.!
7%%+POO+'&%#59$1'9$1O8150#/,1*O4#('*1O?1$%'+1$1O+&Q(',1$130Q4#Q2$,0&3#*30Q'$++Q*+=9+
/89!
J0#$'*0&.! J9! \9! gSjjjh9! 9.20, 2-)=+'+, 0&)?*0&', &(01):., 0'-02.W, (0>*+2, /., &'.-L)"!
`32=53#*#P!K*>%1%2%!4#!)13#*30!'$0=*0!(#(')'$%19!
J0%24*1(MF'4')1-#&.!H9.!;*?.!:9!g_USUh9!b,2-0:%,B+(61)*1.W,=)>.:0:+2.,+*,=)>.:0L2+,
=-+&'0=+, (, =-)>L06&2)<, 0?>0?1%, (, =-0:-.<%, H-)>L06&2., (/:01."! @050*30P!:'/HJC!
/9'9'9.!I0*%0&!JG!4#!+'(51?*'!14'=&#N0)#*30.!`32=53#*#9!
G0)-*1(#&.!;9!g_USch9!M>/+(+,(/:01+')61+5,+*,&'-020(*+P,>)6.(2,*.,&'+&2),0'-02,(,(-'5%.!dd9!
:#61$%&$('!/05'9!`32=53#*#P!W*1)0&4#!)!`32=53#*1.!<0/#6'>(#!8#(25%0%#9!
G7#+1&'.!`9!A9!g_UUbh9!c@)=)5,=-)()*'+()W,9.20,=-)=-)@+<0,')B.()I,=-)>)*,&),=01.(+10"!
`32=53#*#P!:5#/1*$(#!(*316#9!bUndU9!
G,&%*1(M@1%251m.! X9! g_UUch9! $%&'(., +*, -./(01, @%&')("! `32=53#*#P! <0/#6'>(#! 8#(25%0%#.!
W*1)0&4#!)!`32=53#*1!`1%%0&#!+1?%#!/9'9'9!
G%'>1m.! F9! g_USah9! <'/+'&#! +'41%1)*0,2! )0/0*32! n! *,0)#*30.! +&0+&0-0)#*30! 1*!
4,#*3>0)#*30!*0N050*06#!)0/0*3#9!@!l2&1>1-.!D9!F9! 1*!;'/&1-.!F9! g2&9h.!;",&'-020(*+,
I0&(')*1(.! H*#! 1*! J'4,#*.! :#&2>#! g_USchP, $%&'()*0A()>)*1&2), ')B.()C<0'*1), =-)>L06&2+P, 0'-029!
:#61$%&$('!/05'9!;'+0&P!W<!<Ak9!
QQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQ!
cT!!
=0&()'W, H0>=0-., =0/+'+(*)<%, ()>)*1%.! jn_S9! `32=53#*#P! D&2>%)'! D'Z*')! $1*/&',!
G5')0*13#9! <&1/'=530*'! SU9! j9! _USd.! 7%%+POOZZZ9/'Z*')M$1*/&',9$1O+&0*'$1OcM
$%&'(')*1M+'$)0%9+/89!
G%&1%17.! F9! g_USUh9, J#4)13#*30! 1*(5241)*06#! ,'/05#! )(532-0)#*3#! '%&'(! $! +'$0=*1,1!
+'%&0=#,1! )! &0/*0! n! )0-1*$(0! '//05(0! )&%?#! $! +&15#6'30*1,! 14)#3#*30,! 1*! /'/#%*'!
$%&'(')*'! +','-3'9! @! G0*1-#&MR05304*').!:9! 1*! f0517.! A9! g2&9h.!M'-05+, &, =0&)?*+<+,
=0'-)?.<+,(,(-'5%.,adnTd9!`32=53#*#P!:1F9!
f0%'&.!l9!g_USbh9!N./%<)(.*1),+*,0>/+(.*1),(/:01+')61)(,*.,<0')@),()>)*1),0'-02,(,(-'5%9!
g$%&9!jTh9!:#61$%&$('!/05'9!`32=53#*#P!W*1)0&4#!)!`32=53#*1.!<0/#6'>(#!8#(25%0%#9!
f('850(.! K9! g_USUh9! d-.>+')(, &0>0?*):., &+&')<., (/:01), +*, +/0?-.B)(.*1., 0'-02, &,
=0&)?*+<+, =0'-)?.<+"! W$+'$#=53#*30! $%&'(')*17! /05#)?0)! 4#! 2$+0>*'! )(532-0)#*30!
'%&'(!1*!,5#/'$%*1(')!$!+'$0=*1,1!+'%&0=#,1!)!)46'3'!1*!14'=&#N0)#*30!_UUVn_USS9!
`32=53#*#P!:1*1$%&$%)'!4#!>'5$%)'! 1*!>+'&%9!<&1/'=530*'!S_9!a9!_USd.!7%%+POOZZZ9$'2$M
$5'9*0%O2$/O+&'6&#,SO+&'6&#,S/&M1)#*M$('850(9+/89!
f('850(.! K9! g_UUjh9! d-.>+')(, &0>0?*):., &+&')<., (/:01), +*, +/0?-.B)(.*1., 0'-02, &,
=0&)?*+<+, =0'-)?.<+"! H51! $0! 5#7('! 2-0*?1! $! -2$%)0*1,1! 1*! )0/0*3$(1,1! %0N#)#,1! O!
,'%*3#,1!>'5#3'!$(2+#3!4!/&261,1!2-0*?19!<&1/'=530*'!Sj9!c9!_USd.!7%%+POOZZZ9$'2$M
$5'9*0%O2$/O+&'6&#,SO+&'6&#,SQ/&M1)#*M$('850(9+/89!
GP), T]`A#_, 56.&&+V+5.'+0*, 0V, <)*'.6, .*>, ?)P.(+0%-.6, >+&0->)-&"! gSjjbh9! \'&5/! 70#5%!
'&6#*14#%1'*9! <&1/'=530*'! bU9! V9! _USc.!
7%%+POOZZZ9Z7'91*%O?5#$$181?#%1'*$O1?/O0*O=520=''(9+/89!
C7',$'*.!l9!F9!gSjjTZ",Y.-.(*0,0'-0L'(0W,=-.2'+@*+,(0>*+2,/.,=-(+P,&)>)<,6)',0'-020():.,
B+(61)*1."!J#/')531?#P!D1/#(%#9!
C'51-1-.!K9.!G,153#*1m.!@9!gSjcjh9!M'-0L2.,=&+P060:+1.9!`32=53#*#P!:5#/1*$(#!(*316#9!
a.20*, 0, (-'5+P! g"@&%MAh! g_UUjh9! W&#/*1! 51$%! JG.! >%9! bdOSU9! <&1/'=530*'! S9! j9! _USd.!
7%%+POO+&0/+1$19$)149$1O)46'3#M1*M14'=()#*30O)&%?1O4#('*M'M)&%?17O1*/0^9+7+9!
a.20*,0,%&<)-1.*1%,0'-02,&,=0&)?*+<+,=0'-)?.<+"!g"WE<<h!g_USSh9!W&#/*1!51$%!JG.!>%9!
TVO_USS9! <&1/'=530*'! Sd9! _9! _USc.! 7%%+$POOZZZ92&#/*1M51$%9$1O65#$15'M2&#/*1M51$%M
&$O)$0=1*#v2&51/t_USSTV{$%0)15(#t_cSa9!
I0&(')*1(.! H*#! 1*! J'4,#*.!:#&2>#! g_USchP, $%&'()*0A()>)*1&2), ')B.()C<0'*1), =-)>L06&2+P, 0'-029!
:#61$%&$('!/05'9!;'+0&P!W<!<Ak9!
QQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQ!
cd!!
"2+#*-1-.! :9! g_UUjh9! G'?1#5*1! )'3! /'30*-(#! 1*! ,#5-(#9! @! :#&3#*')1-MW,0(.! `9.!
"2+#*-1-.!:9! g2&9h.!N./(01*.,=&+P060:+1..!_TTn_cc9!k15'4'8$(#! 8#(25%0%#P!W*1)0&4#!)!
`32=53#*19!
R#6#&.!D9!g_US_h9!`-%:.@*+,%@)*5+"!`32=53#*#P!"*#*$%)0*#!4#5'N=#!k15'4'8$(0!8#(25%0%09!
R50=*1(.! `9! gSjcTh9! H&+P060:+1., 0'-02., +*, <6.>0&'*+2."! `32=53#*#P! D&N#)*#! 4#5'N=#!
G5')0*1309! !
I0&(')*1(.! H*#! 1*! J'4,#*.!:#&2>#! g_USchP, $%&'()*0A()>)*1&2), ')B.()C<0'*1), =-)>L06&2+P, 0'-029!
:#61$%&$('!/05'9!;'+0&P!W<!<Ak9!
QQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQ!
cc!!
a) *,0%)
*?<JF;:)8S)$E?:A:JI<@)K:)LK;FD<>HJDH)!
$*&(1(3"#.)F)VB=>LHIFNLHCHID=@<])>H^:L:]QGF>ID:])E?<)E?HCAFJ=@HG)F>?F@B)
!
G+'>%')#*1O#!)46'31%053O1?#|!
G0,! >%2/0*%(#! +'/1+5',$(06#! >%2/13#! K*(5241)*0! +0/#6'61(0.! <0/#6'>(0! 8#(25%0%0!
W*1)0&40! *#! <&1,'&$(0.! 1*! +1>0,! ,#61$%&$('! /05'! 4! *#$5')',! $%&'()*0A()>)*1&2),
')B.()C<0'*1), =-)>L06&2+P, 0'-02", B#! +'/5#61! )$(#)0! =1! &#/#! 26'%')15#.! (#%0&0! $'!
*#3+'6'$%03>0! -2$%)0*'M)0/0*3$(0! %0N#)0O,'%*30! '%&'(! )! +&0/>'5$(0,! '=/'=32! 1*! *#!
(#(>0*!*#-1*!2(&0+#%09!
"#%'!=1!+'%&0=')#5#!)#>0!$'/05')#*309!@+&#>#5*1(!30!#*'*1,0*.!+'/#%(1!='/'!2+'&#=530*1!
14(532-*'!4#!)$(')#5*0!+'%&0=0!,#61$%&$(06#!/05#9!
"#!$'/05')#*30!$0!)#,!*#350+>0!4#7)#53230,|!
H*#!I0&(')*1(!!
$
N$/+.20:$O$0/+.>,(*$&'(-*/*+$0<80)0-"$
!
8U) ->FEID:)<KFX?:KXHS)
! G&0/*30>'5$(#!
! @1>30>'5$(#!
! @1$'('>'5$(#.!2*1)0&41%0%*#.!
='5'*3$(#!S!1*!_9!$%'+*30!!
! "*#*$%)0*1!,#61$%0&13.!
/'(%'&#%!
!
6U) .FJ<@F)JH>)CHJFLIH)CFXH)L)AFJ=>LB)<G:>H)cI:)V?>F)LE<A<>H)A>HL<JF)JH>dS)
)
QQQQQQ50%!
!
\U) ->:?F=>)cI:)V?>F)LE<A<>H)A>HL<JF)JH>dS)
)
QQQQQQ50%!
)
) )
I0&(')*1(.! H*#! 1*! J'4,#*.!:#&2>#! g_USchP, $%&'()*0A()>)*1&2), ')B.()C<0'*1), =-)>L06&2+P, 0'-029!
:#61$%&$('!/05'9!;'+0&P!W<!<Ak9!
QQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQ!
cV!!
_U) -EFJS)
! :'>(1!
! R0*$(1!
!
`U) *?<CFXJDHI<)I:K<L)L)V:=B)L:AH)K:EF=J<>LHS))
! :0*%'&!
! G)0%')#50?!
! G)0%*1(!
! F&04!*#41)#!
)
aU) -EFJ)F>?F@:W)E?<)@:>H?HG)=H)EF;F=>HDH)EFD:LJD:DF)>H^:LHQGF>IDH)E?<)LHCHIDB)
L)L:AHG)FCCHJ@Be)
! D0-0(!
! D0(51?#!
)
9U) ->:?F=>)F>?F@)L)L:AHG)FCCHJ@B)cI:)V?>F)LE<A<>H)A>HL<JF)JH>dS)
)
QQQQQQ50%!
)
fU) ":)JH=>L<b<)FC)8)CF)`)FKI:V<>H)=>FEIDF)=>?<ID:ID:)=)>?C<>L:G<)c8)g)KHJF)?HC@FW)
`)g)KHJF)EF;F=>FdU)
! S! _! b! a! T!
J0/*'!$+&0,53#,!51%0&#%2&'!$!
+'/&'-3#!-2$%)0*'M)0/0*3$(17!
%0N#)O,'%0*3!'%&'(#9!
! ! ! ! !
J0/*'!$0!2/050N230,!14'=&#N0)#*3!
$!+'/&'-3#!-2$%)0*'M)0/0*3$(17!
%0N#)O,'%0*3!+&1!'%&'(29!
! ! ! ! !
!
hU) (J<)=<)K:E<=BDH>H)FK<?FG:)XHJH^<>H)GF>HVH)L<C<@H)LHCHID:)E?<)F>?F@Be)
! D#!
! B0!
)
) )
I0&(')*1(.! H*#! 1*! J'4,#*.! :#&2>#! g_USchP, $%&'()*0A()>)*1&2), ')B.()C<0'*1), =-)>L06&2+P, 0'-029!
:#61$%&$('!/05'9!;'+0&P!W<!<Ak9!
QQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQ!
cj!!
87U) (J<)E?<)CHJB)K)F>?F@<)=)VB=>LHIFNLHCHID=@<G<)>H^:L:G<QGF>ID:G<)=FCHJBDH>H)
K)KBI:ID<G<)<I=><>Bb<D:G<)c'/W)5-/W)':LFC)K:)AFJ=>LF)ide)
! D#! !!<'3/1%0!*#!)+&#>#*30!SS9!
! B0! !!<'3/1%0!*#!)+&#>#*30!S_9!
!
88U) MH)=>H)E?<)E?HDAIDHG)LE?:A:IDB)FC;FLF?<J<)K)C:W)=)@:>H?<G<)<I=><>Bb<D:G<)
I:DEF;F=>HDH)=FCHJBDH>He)
! "/&#)$%)0*1!/',!
! I0*%0&!4#!$'?1#5*'!/05'!
! "#)'/!4#!>'5$%)'!1*!>+'&%!
! D&26'!g)+1>1%0hP!
!
86U) -)@:>H?<G<)=>?F@FLID:@<)L)LK;FDIFN<KFX?:^HL:JI<)<I=><>Bb<D<)=FCHJBDH>HW)@F)
K:KI:>H)VB=>LHIFNLHCHID=@H)>H^:LHQGF>IDH)F>?F@:e)
! G)0%')#5*#!$52N=#!
! @46'31%053.!+','-*1(!)46'31%053#!
! J#)*#%053!
! <0/#6'>(1!)'/3#!
! D&26'!g)+1>1%0hP!
! B0!$'/05230,!$!$%&'(')*3#(1!
!
8\U) .C:D)=H)FX?IH>H)EF)EFGFV)I:)=>?F@FLIF)=JB^XF)L)L?>bB)cGF^I<])DH)LHV)
FC;FLF?FLde)
! C#('3.!('!4#4*#,!-2$%)0*'M)0/0*3$(0!%0N#)0O,'%*30!
'%&'(#9!
! ;'!+&1!'%&'(2!/#53!-#$#!4#4*#)#,!-2$%)0*'M)0/0*3$(0!
%0N#)0O,'%*309!
! <'!+'6')'&2!$!$%#&>1!'%&'(#!$!-2$%)0*'M)0/0*3$(1,1!
%0N#)#,1O,'%*3#,19!
! D&26'!g)+1>1%0hP!
)
8_U) (J<)=H)E?<)IHE?<GH?IHG)F>?F@FLHG)LHCHIDB)EF;FLF?<>H)K)F>?F@FGe)
! D#!
! B0!
! @-#$17!
I0&(')*1(.! H*#! 1*! J'4,#*.!:#&2>#! g_USchP, $%&'()*0A()>)*1&2), ')B.()C<0'*1), =-)>L06&2+P, 0'-029!
:#61$%&$('!/05'9!;'+0&P!W<!<Ak9!
QQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQ!
VU!!
8`U) (J<)E?<)IHE?<GH?IHG)F>?F@FLHG)LHCHIDB)=FCHJBDH>H)=)=>:?A<e)
! D#!
! B0!
! @-#$17!
)
8aU) ":)@:@AHI)I:V<I)FXLHAV:>H)=>:?AH)F)F>?F@FL<])VB=>LHIFNLHCHID=@<])
>H^:L:]QGF>ID:]e)
! B#!+'6')'&*17!2!!
! <'!%0508'*2!
! <&0('!+1$0,O$+'&'-15!
! G+&'%1!+&1!$+&030,2!#51!'//#31!'%&'(#!
! D&26'!g)+1>1%0hP!
)
89U) ":)JH=>L<b<)FC)8)CF)`)FbHI<>H)I:DEF;F=>HDAH)VB=>LHIFNLHCHID=@H)
>H^:LHQGF>IDH)E?<)F>?Fb<])L)L:AHG)FCCHJ@B)c8)g)KHJF)?HC@FW)`)g)KHJF)EF;F=>FdU))
! S! _! b! a! T!
E/,#(*30*'$%.!14'61=#*30!)&$%*1(',! ! ! ! ! !
B#$1530!/'!)&$%*1(')! ! ! ! ! !
L2$%)0*!*0,1&! ! ! ! ! !
E/$'%*'$%! ! ! ! ! !
K$(#*30!+'4'&*'$%1! ! ! ! ! !
C&,#! ! ! ! ! !
G%! ! ! ! ! !
<'6'$%1!14=&271.!14+#/1! ! ! ! ! !
F'50-1*0!)!%&0=272.!,'-0*30.!/&1$(#! ! ! ! ! !
e&140*30!*'7%')! ! ! ! ! !
W6')#&3#*30!'/&#$51,! ! ! ! ! !
W*1-0)#5*'$%! ! ! ! ! !
B0,1&*'$%! ! ! ! ! !
D&26'!g)+1>1%0hP! ! ! ! ! !
)
) )
I0&(')*1(.! H*#! 1*! J'4,#*.!:#&2>#! g_USchP, $%&'()*0A()>)*1&2), ')B.()C<0'*1), =-)>L06&2+P, 0'-029!
:#61$%&$('!/05'9!;'+0&P!W<!<Ak9!
QQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQ!
VS!!
8fU) ,>?Fb<W)@<)<G:DF)VB=>LHIFNLHCHID=@H)>H^:LHQGF>IDHW)=F)KHJF)GF>HV<)K:)
F@FJ<bF)<I)FIHGF;FV:DF)CHJF)L)FCCHJ@BU)M?2-0B+'),L')(+620I,2+,=-)>&'.(61.,(.L0,
&'0=*10,&'-+*1.*1.,&,'0,'->+'(+10",
)
#,,,,,,,,,,,,,,,,,,,,,,,,!,,,,,,,,,,,,,,,,,,,,,,,,,,8,,,,,,,,,,,,,,,,,,,,,,,,,,,,3,,,,,,,,,,,,,,,,,,,,,,,,,,7,
4),&=60P,,,,,,,,,,,4),*),,,,,,,,,,,,,,,,,,,Y),<0-)<,&),,,,,,,4),>)6*0,,,,,,,,,,,,,,,4),=0=06*0<.,
*),&'-+*1.<,,,,,,,,&'-+*1.<,,,,,,,,,,,,,,,0>60@+'+,,,,,,,,,,,,,,,,,,&'-+*1.<,,,,,,,,,,,,,,,,&'-+*1.<,
,
8hU) ":)JH=>L<b<)FC)8)CF)`)FKI:V<>HW)@:@F)B@?HE:>H)E?<)IH^HJHIHG)F>?F@FLHG)
LHCHIDB)c8)g)KHJF)?HC@FW)`)g)KHJF)EF;F=>FdU)
! S! _! b! a! T!
W,1(!'%&'(#!)!/&26!+&'$%'&! ! ! ! ! !
K6*'&1&#*30! ! ! ! ! !
<')0,.!/#!30!)0/0*30!*0$+&030,531)'! ! ! ! ! !
;#4*')#*30!'%&'(#! ! ! ! ! !
<'6')'&!4!'%&'(',! ! ! ! ! !
<'6')'&!$!$)0%')#5*'!$52N='! ! ! ! ! !
<'6')'&!$!$%#&>1! ! ! ! ! !
)
) )
I0&(')*1(.! H*#! 1*! J'4,#*.!:#&2>#! g_USchP, $%&'()*0A()>)*1&2), ')B.()C<0'*1), =-)>L06&2+P, 0'-029!
:#61$%&$('!/05'9!;'+0&P!W<!<Ak9!
QQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQ!
V_!!
67U) ":)JH=>L<b<)FC)8)CF)`)FbHI<>HW)L)@:@AI<)GH?<)=H)=>?<ID:>HW)C:)=H)VB=>LHIFN
LHCHID=@H)>H^:LHQGF>IDH)EFD:L<DF)K:?:C<)=EFC:D)I:A>H><])CHD:LI<@FL)c8)g)=EJF])=H)
IH)=>?<ID:GW)`)g)EFEFJIFG:)=H)=>?<ID:GdU))
! S! _! b! a! T!
L2$%)0*1!$%&0$!'%&'(#! ! ! ! ! !
C0,+0&#,0*%! ! ! ! ! !
B#-1*!)46'30! ! ! ! ! !
<&07&#*#!1*!61=#*30! ! ! ! ! !
E%&'(')#!%050$*#!46&#/=#! ! ! ! ! !
G+'5! ! ! ! ! !
K*%05160*-*1!('51-*1(! ! ! ! ! !
G%#&'$%! ! ! ! ! !
C0N#)0!$!$+#*30,! ! ! ! ! !
<')04#*'$%!/&2N1*0!1*!'=-2%0(!
+&1+#/*'$%1!
! ! ! ! !
@(532-0)#*30!)!N1)530*30!)!$(2+*'$%1! ! ! ! ! !
G'?1#5*'!0('*',$(1!$%#%2$!/&2N1*0! ! ! ! ! !
F'504*1!)!/&2N1*1! ! ! ! ! !
)
) )
I0&(')*1(.! H*#! 1*! J'4,#*.! :#&2>#! g_USchP, $%&'()*0A()>)*1&2), ')B.()C<0'*1), =-)>L06&2+P, 0'-029!
:#61$%&$('!/05'9!;'+0&P!W<!<Ak9!
QQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQ!
Vb!!
*?<JF;:)6S)$E?:A:JI<@)K:)=>:?AH))
$*&(1(3"#.)F)VB=>LHIFNLHCHID=@<])>H^:L:]QGF>ID:])E?<)E?HCAFJ=@HG)F>?F@B)
!
G+'>%')#*1!$%#&>1|!
G0,! >%2/0*%(#! +'/1+5',$(06#! >%2/13#! K*(5241)*0! +0/#6'61(0.! <0/#6'>(0! 8#(25%0%0!
W*1)0&40! *#! <&1,'&$(0,.! 1*! +1>0,!,#61$%&$('! /05'! 4! *#$5')',!L2$%)0*'M)0/0*3$(0!
%0N#)0O,'%*30!+&0/>'5$(17!'%&'(9!B#!+'/5#61!)$(#)0!=1!&#/#!26'%')15#.!-0!$0!+&1!)46'31!
)#>06#!'%&'(#!$''-#%0!$!-2$%)0*'M)0/0*3$(1,1!%0N#)#,1O,'%*3#,1!'%&'(#!)!+&0/>'5$(0,!
'=/'=32!1*!*#!(#(>0*!*#-1*!2(&0+#%09!
"#!%'!=1!+'%&0=')#5#!)#>0!$'/05')#*30!1*!)#$!+&'$1,.!/#!$1!)4#,0%0!-#$!1*!'/6')'&1%0!*#!
*0(#3!)+&#>#*39!
"#!$'/05')#*30!$0!)#,!*#350+>0!4#7)#53230,|!
:#&2>#!J'4,#*!!
$
N$/+.20:$O$0/+.>,(*$&'(-*/*+$0<80)0-"$
!
8U) $:A:)=>:?F=>)cI:)V?>F)LE<A<>H)A>HL<JF)JH>dS)
!
QQQQQQ50%!
!
6U) $:A)=EFJS)
! :'>(1!
! R0*$(1!
)
\U) ->FEID:)<KFX?:KXHS)
! E$*')*'>'5$(#!#51!,#*3!
! <'(51?*#!#51!
$&0/*30>'5$(#!
! @1>30>'5$(#!
! @1$'('>'5$(#.!
2*1)0&41%0%*#.!='5'*3$(#!
S!1*!_9!$%'+*30!
! "*#*$%)0*1!,#61$%0&13.!
/'(%'&#%!
)
I0&(')*1(.! H*#! 1*! J'4,#*.! :#&2>#! g_USchP, $%&'()*0A()>)*1&2), ')B.()C<0'*1), =-)>L06&2+P, 0'-029!
:#61$%&$('!/05'9!;'+0&P!W<!<Ak9!
QQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQ!
Va!!
_U) -EFJ)L:AH;:)F>?F@:S)
! D0-0(!
! D0(51?#!
)
`U) ->:?F=>)L:AH;:)F>?F@:)cI:)V?>F)LE<A<>H)A>HL<JF)JH>dS)
)
QQQQQQ50%!
aU) .:@F)EF;F=>F)=H)CFJFVHI:)FXJ<@:)IH^HJHIH;:)LHCHID:)EFD:LJD:)E?<)F>?F@Be)
! @0-(&#%!*#!/#*!
! SM(&#%!*#!/#*!
! _M!/'!bM(&#%!*#!%0/0*!
! SM(&#%!*#!%0/0*!
! _M!/'!bM(&#%!*#!,0$0?!
! SM(&#%!*#!,0$0?!
! J0/(030!
)
9U) ":)JH=>L<b<)FC)8)CF)`)FbHI<>H)@:@AIH)VB=>LHIFNLHCHID=@H)>H^:LHQGF>IDH)
=H)I:DEF;F=>HDH)EFD:LJD:DF)E?<)L:AHG)F>?F@B)c8)g)I<@FJ<W)6)g)?HC@FW)\)g)LV:=<]W)_)g)
EF;F=>FW)`)g)KHJF)EF;F=>Fde)
! S! _! b! a! T!
D&1$(#! ! ! ! ! !
:'-0*30) ! ! ! ! !
F'50-1*0!)!%&0=272) ! ! ! ! !
e&140*30!*'7%')! ! ! ! ! !
@&%0*30!5#$) ! ! ! ! !
C'5-0*30!4!&'(#,1! ! ! ! ! !
C&,#! ! ! ! ! !
K4=&271) ! ! ! ! !
J#4/&#N531)'$%) ! ! ! ! !
H6&0$1)*'$%) ! ! ! ! !
W*1-0)#*30!5#$%*1*0) ! ! ! ! !
<532)#*30! ! ! ! ! !
;&1-#*30! ! ! ! ! !
<',#*3(#*30!$#,'4#2+#*3#! ! ! ! ! !
K4'61=#*30!)&$%*1(',! ! ! ! ! !
I0&(')*1(.! H*#! 1*! J'4,#*.!:#&2>#! g_USchP, $%&'()*0A()>)*1&2), ')B.()C<0'*1), =-)>L06&2+P, 0'-029!
:#61$%&$('!/05'9!;'+0&P!W<!<Ak9!
QQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQ!
VT!!
fU) *?HXH?<>H)=EFCIDH)>?C<>LHU)":)JH=>L<b<)FC)8)c=EJF])=H)IH)=>?<ID:Gd)CF)`)
cEFEFJIFG:)=H)=>?<ID:Gd)FKI:V<>H)FC;FLF?)F)L:AHG)LHCHIDB)L)FCIF=B)CF)
F>?F@FLH;:)IH^HJHIH;:)LHCHID:U))
! S! _! b! a! T!
E%&'(#!%#('3!'+'4'&1,!*#!*0+&1,0&*'!)0/0*309! ! ! ! ! !
E%&'(2!+')0,.!/#!30!)0/0*30!*0$+&030,531)'9! ! ! ! ! !
E%&'(#!'>%030,.!-0!$0!*0+&1,0&*'!'=*#>#!#51!1,#!
-2$%)0*0!14=&2709!
! ! ! ! !
E%&'(2!+'!*0+&1,0&*0,!)0/0*32!+')0,.!(#(>*1!$'!
,'31!'=-2%(19!
! ! ! ! !
E%&'(#!+'2-230,!'!+&1,0&*0,!)0/0*32!4!5#$%*1,!
4650/',9!
! ! ! ! !
E%&'(#!'=)#&230,!+&0/!$%)#&,1.!(1!=1!6#!5#7('!
=2&1509!
! ! ! ! !
E%&'(2!+')0,.!4#(#3!$1!N051,.!/#!$0!/&26#-0!
'=*#>#9!
! ! ! ! !
E%&'(#!16*'&1&#,.!-0!$0!*0+&1,0&*'!'=*#>#9! ! ! ! ! !
E%&'(#!'=!*0+&1,0&*0,!)0/0*32!(#4*230,9! ! ! ! ! !
G(2+#3!4!'%&'(',!&0>230,!%0N#)'9! ! ! ! ! !
<')0,!'%&'(2.!(#('!*#3!'=)5#/230!304'9! ! ! ! ! !
<'7)#51,!'%&'(')'!50+'!)0/0*309! ! ! ! ! !
!
hU) .C:D)=H)E?<)L:AHG)F>?F@B)I:DLHV@?:>)EFD:LJD:DF)VB=>LHIFNLHCHID=@H)
>H^:LHQGF>IDH)cFKI:V<>H)J:]@F)LHV)FC;FLF?FLde))
! <&0/!*04*#*'!$1%2#?13'!#51!/'6'/(',9!
! <&0/!532/,1.!(1!317!*0!+'4*#9!
! ;'!30!+$171-*'!#51!8141-*'!'6&'N0*9!
! "#&#/1!+&0+')0/1!#51!*30,2!*0*,531)17!4#7%0)!'/&#$5179!
! D&26'!g)+1>1%0hP!
)
) )
I0&(')*1(.! H*#! 1*! J'4,#*.!:#&2>#! g_USchP, $%&'()*0A()>)*1&2), ')B.()C<0'*1), =-)>L06&2+P, 0'-029!
:#61$%&$('!/05'9!;'+0&P!W<!<Ak9!
QQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQ!
Vd!!
87U) ":)EH>=>FEHID=@<)JH=>L<b<W)E?<)VHGH?)8)EFGHI<)=EJF])=H)IH)=>?<ID:G)<I)`)
EFEFJIFG:)=H)=>?<ID:GW)FKI:V<>HW)L)@FJ<@AI<)GH?<)=H)=>?<ID:>HW)C:)=H)VB=>LHIFN
LHCHID=@H)>H^:LHQGF>IDH)E?<)L:AHG)F>?F@B)EFD:L<DF)K:?:C<)EF=:GHKIH;:)FC)
I:A>H><])CHD:LI<@FLU)
! S! _! b! a! T!
E%&'(')!%0,+0&#,0*%! ! ! ! ! !
B#-1*!)46'30! ! ! ! ! !
E%&'(')#!%050$*#!46&#/=#! ! ! ! ! !
G+'5!'%&'(#! ! ! ! ! !
G%#&'$%!'%&'(#! ! ! ! ! !
K*%05160*-*1!('51-*1(! ! ! ! ! !
B04#/'$%*#!('51-1*#!$+#*3#! ! ! ! ! !
B04/&#)#!+&07&#*#!#51!+',#*3(#*30!61=#*3#! ! ! ! ! !
E=-2%0(!+&1+#/*'$%1! ! ! ! ! !
D&2N1*$(1!+&0+1&1! ! ! ! ! !
@(532-0)#*30!)!)&%0?! ! ! ! ! !
G5#='!4/&#)$%)0*'!$%#*30!'%&'(#!#51!/&2N1*$(17!
-5#*')!
! ! ! ! !
<',#*3(#*30!/0*#&3#!#51!'$*')*17!$&0/$%0)! ! ! ! ! !
D&26'!g)+1>1%0hP! ! ! ! ! !
)
88U) .DH)<AVH>H)<ITF?G:b<DH)F)VB=>LHIFNLHCHID=@<])>H^:L:]QGF>ID:])=LFDH;:)
F>?F@:e)
! B#!1*%0&*0%2!
! @!)46'3*'M)#&$%)0*1!1*$%1%2?131!
! <&1!'%&'(')0,!'$0=*0,!4/&#)*1(2!
! <&1!=51N*30,!$'&'/*1(2!#51!+&13#%0532!
! l17!*0!1>-0,!
! D&26'!g)+1>1%0hP!
)
) )
I0&(')*1(.! H*#! 1*! J'4,#*.! :#&2>#! g_USchP, $%&'()*0A()>)*1&2), ')B.()C<0'*1), =-)>L06&2+P, 0'-029!
:#61$%&$('!/05'9!;'+0&P!W<!<Ak9!
QQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQ!
Vc!!
86U) .:D)FXVB><>H)FX)IHE?<GH?IHG)LHCHIDB)F>?F@:e)
!
!
!
!
!
)
)
8\U) -)@:>H?<G<)=>?F@FLID:@<)L)LK;FDIFN<KFX?:^HL:JI<)<I=><>Bb<D<)=FCHJBDH>HW)@F)
K:KI:>H)VB=>LHIFNLHCHID=@H)>H^:LHQGF>IDH)F>?F@:e)
! G)0%')#5*#!$52N=#! !+'3/1%0!*#!)+&#>#*30!ST9!
! @46'31%053.!+','-*1(!)46'31%053#! !+'3/1%0!*#!)+&#>#*30!Sa9!
! J#)*#%053! !+'3/1%0!*#!)+&#>#*30!ST9!
! <0/#6'>(1!)'/3#! !+'3/1%0!*#!)+&#>#*30!ST9!
! B0!$'/05230,!4!*'=0*1,!$%&'(')*3#(',9! !+'3/1%0!*#!)+&#>#*30!ST9!
! D&26'!g)+1>1%0hP! !+'3/1%0!*#!)+&#>#*30!ST9!
)
8_U) MH)=>H)E?<)E?HDAIDHG)LE?:A:IDB)FC;FLF?<J<W)C:)FX)IHE?<GH?IHG)F>?F@FLHG)
LHCHIDB)=FCHJBDH>H)K)LK;FD<>HJDHGW)=EFC:D)FE<A<>HW)I:)@:@AHI)I:V<IU)
QQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQ
QQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQ!
)
8`U) -)@:>H?<G<)<I=><>Bb<D:G<)=FCHJBDH>HW)VH)=H)EFD:L<DF)VB=>LHIFNLHCHID=@H)
>H^:LHQGF>IDH)E?<)L:AHG)F>?F@Be))
! "/&#)$%)0*1!/05#)?1!
! I0*%0&!4#!$'?1#5*'!/05'!
! :'3!'%&'(!*1,#!-2$%)0*'M)0/0*3$(17!
%0N#)O,'%0*3!
! B0!$'/05230,!4!1*$%1%2?13#,1!
! D&26'!g)+1>1%0hP!
!
8aU) (J<)=<)K:E<=BDH>H)FK<?FG:)XHJH^<>H)GF>HVH)L<C<@H)LHCHID:)E?<)F>?F@Be)
! D#!
! B0!
!
! G%!
! l04'!
! B06'%')'$%!
! E=2+!
! B1-!+'$0=*06#!
! D&26'!g)+1>1%0hP!