!""#$%$ !’()*+#(,- .*"$+,/*’, 01 23#(’*## 4,35(*# .67*)*% 89*#(# :;;<6;=6=; !"#$%&’() +,"( -.# /%0’)( 1%2%,#3 4"0% 5((’’(" /6(7%# "#$%&’> ?(@$*%$ .3’5*+ (#)*’+,-&’> A(%# B(’C9
Welcome message from author
This document is posted to help you gain knowledge. Please leave a comment to let me know what you think about it! Share it to your friends and learn new things together.
Transcript
!""#$%$&!'()*+#(,-& &
.*"$+,/*',&01&23#('*##&4,35(*#&
.67*)*%&89*#(#&
:;;<6;=6=;&
&
&
&
&
&
&
&
&
&
&
!"#$%&'()*+,"(*-.#*/%0')(*1%2%,#3*
*4"0%*5((''("*/6(7%#*
&
&
&
&
&
&
&
&
& & & & & & & & &
! ! ! ! ! ! ! !
! ! ! ! ! ! !
!
!
!
! ! ! ! ! ! ! "#$%&'>& ?(@$*%$&.3'5*+&
& & & & & & & (#)*'+,-&'>& A(%#&B('C9& & &&&&&&
580&#"9&*
&
&
D*E*%+-&5*#(F'*+#&/(F9,&'0,&G*&$#&C3#,0/*+6C*',*+*5&$#&B0,%*+&+*C0//*'5H&I55(,(0'$%%-J&
,9*-& $+*& '0,& C0'#,$',%-& #**@('F& ,0& F+0E& $'5& /$@*& ,9*& /0#,& "+01(,& 03,& 01& #$,(#1-('F&
C0'#3/*+&'**5#&G*,,*+&,9$'&C0/"*,(,0+#H&K0E*)*+J& (,& (#& (/"*+$,()*&*)*'& 10+&$'& ('5()(53$%&
5*#(F'*+& ,0& *L$/('*&E9$,& ,9*& C3#,0/*+#&E$',& $'5& 5*/$'5& $#&E*%%& $#& ,9('@& 01& $& "%$'& ,0&
#$,(#1-&,9(#&5*/$'5H&M0'#*N3*',%-J&,9*&"3+"0#*&01&,9(#&#,35-&(#&,0&C+*$,*&$&F3(5*%('*&10+&$&
/$+@*,('F&"%$'& 10+&$&G*F(''('F& O*E*%+-&5*#(F'*+#&3#('F& O*E*%+-&5*#(F'*+&I''(('$&.3'5*+&
$#&$'&*L$/"%*H&I&N3$%(,$,()*&/*,905&E$#&C90#*'&10+& ,9(#&#,35-& ('& 10+/&01& (',*+)(*E#&$'5&
0G#*+)$,(0'H&?0+*0)*+J&#*C0'5$+-&5$,$&E$#&C0%%*C,*5&('&0+5*+&,0&F$('&$&E(5*+&$'5&C%*$+*+&
"(C,3+*&01&,9*GO*C,H&
&
2$#*5&0'&,9(#&#,35-&$'& ('5()(53$%&$C,0+&9$#&*)*+-&"0##(G(%(,-& ,0&+*$C9&,9*&5*#(+*5& %*)*%&01&
"+01(,&('&,9*&O*E*%+-&/$+@*,&('&K*%#('@(&G-&5*#(F'('F&$'5&"+053C('F&O*E*%+-H&P*$C9('F&,9(#&
%*)*%& 01& "+01(,& +*N3(+*#& $C,()*'*##J& C3#,0/*+6C*',*+*5& )(*E& $'5& "+053C,()(,-& 1+0/& ,9*&
5*#(F'*+H& M0'#*N3*',%-J& ('5()(53$%& 5*#(F'*+#& #903%5& #,$+,& "$-('F& /0+*& $,,*',(0'& ,0&
"0,*',($%& C3#,0/*+#Q& '**5#& $'5& E$',#& *)*'& E9*'& 5*#(F'('F& C0%%*C,(0'& O*E*%+-& $'5& G*&
C0'#,$',%-&$E$+*&01&C9$'F*#&('&,9*#*&E$',#&('&0+5*+&,0&#$,(#1-&C3#,0/*+#&*)*'&('&,9*&13,3+*H&
&
&
B*-&E0+5#>&./'0*$,12!)3/11,124!-5/33!6#-,1*--4!7*8*3'9!:*-,21*'
:"8,%*.-*4.(&%(&0*&
&
&
;& <=:>?/@4:<?= AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA ;&
=H=& ?IPBR8SAT&USRV&U4H&DRVR7PW&.R4STARP4Q&IM8SXA4HHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH =&
=H:& Y!PYX4RHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH :&
=HZ& [SAAS4K&.R4STAHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH :&
;<=<;& >,-$&'9!&?!@,11,-%!A*-,21 <<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<< B&
;<=<B& A*-,21!@&'#5!@,13/1: <<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<< C&
;<=<=& A*-,21!A,-$',D$!>*3-,10, <<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<< C&
=H\& .R4STA&DRVR7PWHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH ]&
=H]& .R4STARP&IAASSAI&.!A.RP&IA.&.!A.RP&.R4STAHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH ]&
;<E<;& F*8*3'9!A*-,21*'!"11,,1/!A#1:*'<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<< E&
;<E<B& A#1:*'!A*-,21!G9<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<< H&
B& :CD?>E AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA F&
:H=& ?IPBR8SAT&Y7IAASAT&YPXMR44 HHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH <&
:H:& IAI7W^SAT&YKI4R HHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH =;&
B<B<;& ./'0*$,12!I*-*/'D% <<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<< ;J&
B<B<B& (KLM <<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<< ;;&
:HZ& 48PI8RTS^SAT&YKI4R HHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH =:&
B<=<;& ./'0*$,12!L67*D$,+*- <<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<< ;B&
B<=<B& ($'/$*29!@&'5#3/$,&1 <<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<< ;B&
:H\& S?Y7R?RA8SAT&YKI4R HHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH =Z&
B<C<;& ./'0*$,12!.,N <<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<< ;=&
B<C<B& L'2/1,O,12!$%*!./'0*$,12!P??&'$ <<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<< ;E&
:H]& .R7S?S8I8SXA&X[&8KR&8KRXPW&IA.&8KR&48!.WHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH =]&
G& !D:C?/ AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA ;H&
ZH=& MKXSMR&X[&7S8RPI8!PR HHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH =_&
ZH:& MKXSMR&X[&?R8KX.HHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH =_&
=<B<;& Q',5/'9!A/$/<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<< ;H&
=<B<B& (*D&1:/'9!A/$/<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<< ;R&
ZHZ& MPS8SMS4?&8XVIP.4&MX77RM8R.&.I8IHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH =`&
I& 5=5JEK<=L*+C5MDAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA B;&
\H=& ?IPBR8SAT&PR4RIPMK HHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH :=&
C<;<;& ./'0*$!/1:!S#-$&5*'- <<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<< B;&
C<;<B& S&5)*$,$,&1 <<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<< BB&
C<;<=& A*-,21*'T-!Q'*'*U#,-,$*<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<< B=&
C<;<C& P1+,'&15*1$!V!PD&1&5,D/3!/1:!(&D,/3!?/D$&'- <<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<< BH&
C<;<E& "11,,1/!A#1:*' <<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<< BW&
\H:& 4VX8&IAI7W4S4 HHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH Z;&
C<B<;& PN$*'1/3!L))&'$#1,$,*-!/1:!M%'*/$- <<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<< =J&
C<B<B& "11,,1/!A#1:*'T-!($'*12$%-!/1:!K*/01*--*-!/-!/!F*8*3'9!A*-,21*' <<<<<<<<<<<<< =B&
C<B<=& (KLM!S%/'$ <<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<< ==&
N& M:>5:DL<K<=L*+C5MD AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA GI&
]H=& ?IPBR8SAT&X2DRM8SUR4 HHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH Z\&
]H:& 48PI8RTW&[XP?!7I8SXAHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH Z\&
H& <!+JD!D=:<=L*+C5MDAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA GH&
_H=& ?IPBR8SAT&?Sa HHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH Z_&
X<;<;& Q'&:#D$ <<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<< =X&
X<;<B& Q',D* <<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<< =H&
X<;<=& Q3/D*<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<< =W&
X<;<C& Q'&5&$,&1 <<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<< =R&
O& 4?=4J@M<?=MAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA I;&
>DPD>D=4DM AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA IB&
*
*
5++D=/<Q*;R*4?!S<=D/*J<M:*?P*:?+<4M*P?>*:CD*<=:D>T<DUM AAAAAAAAAAAAA IN&
5++D=/<Q*BR*VD==? AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA IH&
5++D=/<Q*GR*VJD?+5:>5AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA IO&
5++D=/<Q*IR*/<+J?!5*U?>V AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA IF&
& =
&
;* <(&#.769&'.(*
&
Y1!$%,-!D%/)$*'4!/1!,1$'&:#D$,&1!$&!$%*!-#67*D$!/1:!$%*!)'&63*5!?&'5#3/$,&1!/'*!:,-D#--*:!
/1:! ?&33&8*:! 69! $%*! )#')&-*! &?! $%*! -$#:9<! "::,$,&1/3394! @,11,-%! :*-,214! ,$-! -#))&'$,12!
&'2/1,O/$,&1-4! :*-,21! 7*8*3'9! /-! 8*33! /-! $%*! 7*8*3'9! :*-,21*'! "11,,1/! A#1:*'! /'*!
,1$'&:#D*:<!!
&
&
&
!"!# $%&'()*+,#-*(.#/0"#1(.(2&3#4(0*,+(&05#67)*8+0#
89*&G$#(C&(5*$&01&B0,%*+Q#J&$'5&/0#,&01&,9*&0,9*+&C3#,0/*+6C*',*+*5&/$+@*,('F&,9*0+(*#& (#&
,9$,&$&C0/"$'-·%5&C0',('303#%-&#**@&,0&F+0E&,9*(+&/$+@*,	$+*&$'5&/$@*&/0+*&"+01(,&
G-& #$,(#1-('F& C0'#3/*+& '**5#& $'5& E$',#& G*,,*+& ,9$'& C0/"*,(,0+#H& S'& 0+5*+& ,0& 50& ,9(#J& $&
C0/"$'-&'**5#&,0&C0'#,$',%-&/0'(,0+&$'5&*)$%3$,*&,9*&/$+@*,J&E9(C9&C0'#(#,&01&C3#,0/*+#J&
C0/"*,(,0+#&$'5&0,9*+&*L,*+'$%&1$C,0+#J&$'5&G*&$E$+*&01&,9*&C9$'F*#&('&C0'#3/*+&'**5#&$'5&
E$',#&$#&E*%%&$#&C0/"*,(,0+#Q&011*+('F#H&S'&0+5*+&,0CC**5&('&('C+*$#('F&/$+@*,	$+*&$'5&
"+01(,J&$&C0/"$'-&'**5#&,0&+*#"0'5&,0&,9*#*&C9$'F*#&$'5&1('5&5(11*+*',($,('F&1$C,0+#J&E9(C9&
C+*$,*& C0/"*,(,()*& $5)$',$F*#& 10+& ,9*& C0/"$'-H& I55(,(0'$%%-J& $& C0/"$'-& '**5#& ,0& G*&
*LC*%%*',& ('& C0//3'(C$,('F& ,9*#*& $5)$',$F*#& ,0& C0'#3/*+#H& R)*'& ,903F9& $& C0/"$'-&
#903%5& 10C3#&0'& (,#& #,+*'F,9#&E9*'&C900#('F& ,9*& #*F/*',b#c& ,0&,$+F*,J& (,& (#& ,9*&C0'#3/*+&
'**5#&$'5&E$',#&,9$,&5(+*C,&,9*&10+/$,(0'&01&$&C0/"$'-Q#&011*+('FH&bB0,%*+&*,&$%H&:;;:c&
&
89*& (',*',(0'&01& G*F(''('F&[(''(#9& O*E*%+-& 5*#(F'*+#J& #3C9&$#&I''(('$&.3'5*+J& (#& '0,& ,0&
C0'#,$',%-&('C+*$#*&/$+@*,	$+*&0+&"+01(,H&89(#&/(F9,&'0,&*)*'&G*&$&+*$%(#,(C&"0##(G(%(,-&53*&
,0&0,9*+& )$%3*#J& #3C9& $#&[(''(#9& 9$'56/$5*& "+053C,(0'J& 5*#(F'('F& $'5& "*+#0'$%& "+053C,#&
,9$,&+*#,+(C,&,9*&*L"$'#(0'J&G*('F&/0+*&(/"0+,$',H&89*&$(/&(#&/0+*&%(@*%-&,0&('C+*$#*&#$%*#&
$'5&"+01(,&,0&9(F9&*'03F9&%*)*%&,9$,&$&5*#(F'*+&C03%5&C0'C*',+$,*&0'&5*#(F'('F&$'5&/$@('F&
O*E*%+-&E(,903,&'**5('F&,0&E0++-&$G03,&,9*&1('$'C($%&(##3*#H&&
&
& :
?0+*0)*+J& O*E*%+-& 5*#(F'*+#& /(F9,& '0,& G*& $#& C3#,0/*+6C*',*+*5& $#& B0,%*+& +*C0//*'5H&
8+$5(,(0'$%%-&5*#(F'&O*E*%+-&C$'&G*&C0'#(5*+*5&$#&,9*&+*#3%,&01&$&C+*$,()*&$'5&$+,(#,(C&E0+@J&
$'5& ,9*+*G-& (,&/(F9,& G*& 0,9*+& 1$C,0+#& ,9$'& 1('5('F& 03,& C0'#3/*+&E$',#& $'5& '**5#&E9(C9&
('#"(+*& 5*#(F'*+#H& S'&I''(('$&.3'5*+Q#& C$#*& (,& (#& ,9*& '$,3+*& $'5& #3++03'5('F#& $#&E*%%& $#&
,$@('F&"(C,3+*#&$'5&5+$E('F&E9(C9& ('1%3*'C*& 9*+& C+*$,()(,-&$'5&F()*& 9*+&'*E& (5*$#&E9*'&
5*#(F'('F&$'5&/$@('F&C0%%*C,(0'&"+053C,#H&
&
K0E*)*+J&53*&,0&,05$-Q#&C0/"*,(,()*&/$+@*,&#(,3$,(0'& (,& (#& (/"*+$,()*&,9$,&5*#(F'*+#& ,$@*&
C3#,0/*+#& (',0&C0'#(5*+$,(0'&$%+*$5-&E9*'&5*#(F'('F&"+053C,#H& S'&0,9*+&E0+5#J&5*#(F'*+#&
E90&$+*&'0,&$%+*$5-&50('F&(,·%5&$50",&/0+*&C3#,0/*+6C*',*+*5&)(*E&$'5&1('5&03,&E90&
,9*(+& C3#,0/*+#& $+*J& E9*+*& 50& ,9*-& G3-& $'5& E9(C9& 1$C,0+#& C+*$,*& /0+*& )$%3*& 10+& ,9*/H&
I55(,(0'$%%-J& O*E*%+-& 5*#(F'*+#& #903%5&F*,&$&C%*$+*+&"(C,3+*&01& ,9*& $55(,(0'$%& 1$C,0+#& ,9$,&
$11*C,&,9*&,0,$%&#$%*#&$'5&,9('@&01&$&"%$'&,0&$C,&0'&,9*/H&&
&
&
!"9# :;&<80(#
89*& "3+"0#*& 01& ,9(#& #,35-& (#& ,0& C+*$,*& $& F3(5*%('*& 10+& $& /$+@*,('F& "%$'& 10+& G*F(''('F&
O*E*%+-&5*#(F'*+#&3#('F&$&O*E*%+-&5*#(F'*+&I''(('$&.3'5*+&$#&$'&*L$/"%*H&
&
&
!"=# >*++*0?#4(0*,+#
89*+*& $+*& C3++*',%-& /$'-& )$+($G%*#& ,9$,& #9$"*& C0'#3/*+#Q& )(*E& $'5& 5*/$'5& 10+& 5*#(F'&
"+053C,#H& 89(#& C9$",*+& "+*#*',#& ,9*& 9(#,0+-& 01& [(''(#9& 5*#(F'& ('& 0+5*+& ,0& F$('& $'&
3'5*+#,$'5('F&01&$'5&G$C@F+03'5&,0&,9*&(##3*H&[3+,9*+/0+*J&5(11*+*',&$C,0+#&,9$,&/$-&9$)*&
$'&('1%3*'C*&0'&,9*&0)*+$%%&$""+*C($,(0'&01&[(''(#9&5*#(F'&$+*&(',+053C*5H&
&
;AGA;* C'0&.#3*.-*P'(('0W*/%0')(*
d[(''(#9& 5*#(F'& 9$#& $& +*"3,$,(0'& G$#*5& 0'& (,#& #,+0'F& 9(#,0+-J& 0+(F('$%& #,-%('F& $'5& 9(F96
N3$%(,-& /$'31$C,3+*e& b4,*'+0#& :;;\$cH& M0'#(5*+('F& ,9*& '('*,-6-*$+60%5& $F*& 01& [('%$'5J&
& Z
9(#,0+-&01&[(''(#9&5*#(F'&(#&%0'FH&S,&G*F$'&E9*'&$&F+03"&01&"*0"%*J&C0'#(#,('F&01&('53#,+($%&
%*$5*+#&$'5&('1%3*',($%&"*+#0'#&('&,9*&C3%,3+$%&$+*'$J&#,$+,*5&"+0/0,('F&[(''(#9&5*#(F'&$'5&
103'5*5&,9*&@,11,-%!(&D,*$9!&?!S'/?$-!/1:!A*-,21&b[4M.c&('&=<f]H&89(#�C(*,-&/$(',$('*5&
$&#C900%J&E9(C9&F+$53$%%-&G*C$/*&%*$5('F&[(''(#9&C0%%*F*&('&(,#&1(*%5&$'5&(#&,05$-&@'0E'&
$#& ,9*&Z1,+*'-,$9!&?!"'$!/1:!A*-,21!>*3-,10,J& 103'5*5& $&.#-*#5!&?!"'$!/1:!A*-,21& $'5&
$CN3(+*5&$'&*L,*'#()*&('53#,+($%&$+,#&$'5&C+$1,#&C0%%*C,(0'H&b4,*'+0#&:;;\Gc&
&
dS',*+'$,(0'$%&$C,()(,(*#&9$)*&ghi&$%E$-#&"%$-*5&$'&(/"0+,$',&"$+,&('&,9*�C(*,-j#&E0+@He&
b.*#(F'&[0+3/&[('%$'5&:;;fCcH&I,,*'5('F&$'5&E(''('F&$E$+5#&('&?(%$'&8+(*''($%#& ('&,9*&
=`];Q#& $'5& _;Q#& /$5*& [(''(#9& .*#(F'J& [4M.& $'5& ('5()(53$%& 5*#(F'*+#J& #3C9& $#& 8$"(0&
V(+@@$%$J&8(/0&4$+"$'*)$&$'5&B$O&[+$'C@J&1$/03#&E0+%5&E(5*H&Y+(0+&,0&,9*CC*##&$,&,9*&
8+(*''($%#& I%)$+& I$%,0& 9$5& $%+*$5-& 5+$E'& $,,+$C,(0'& (',*+'$,(0'$%%-& E(,9& 9(#& 0+(F('$%&
13+'(,3+*&$'5&/05*+'&F%$##E$+*H&I55(,(0'$%%-J&[4M.&0+F$'(k*5&,03+('F&*L9(G(,(0'#&$G+0$5J&
E9(C9& /$5*& ,9*& [(''(#9& $'5& A0+5(C& 5*#(F'& *)*'& /0+*& @'0E'H& b.*#(F'& [0+3/& [('%$'5&
:;;fCJ&4,*'+0#&:;;\$J&430+,,(6U30+(0&:;;fHc&&
&
I1,*+&,9*&4*C0'5&V0+%5&V$+&/05*+'&*)*+-5$-&%(1*#,-%*&$'5&'*E&(',*+'$,(0'$%&(/$F*&E*+*&
G3(%,&G-&/*$'#&01&('53#,+-&$'5&,$%*',*5&5*#(F'*+#H&dY+$C,(C$%(,-J&C%0#*'*##&,0&*)*+-5$-&%(1*J&
#"$+('F&3#*&01&/$,*+($%#&$'5&,*C9'(N3*#J&C0/G('*5&E(,9& (''0)$,()*&$'5&"*+C*",()*&5*#(F'&
#0%3,(0'#& E*+*& $& C0%%*C,()*%-& #9$+*5& +*$%(,-& $'5& $& 103'5$,(0'& 01& )$%3*#& ('& ,9*& ('53#,+($%&
$+,#He& b4,*'+0#& :;;\$cH&89(#& +*#3%,*5& ('& %0'F& %$#,('FJ& ,(/*%*##& 5*#(F'#J&E9(C9&E*+*&/$5*&
/0+*& ('5()(53$%& $'5& #3(,$G%*& 10+& 5(11*+*',& #(,3$,(0'#& G-& C0/G('('F& 5(11*+*',& 10+/#& $'5&
C0%0+#H&?$'-& 01& ,9*& "+053C,#& 5*#(F'*5& 53+('F& ,9(#& "*+(05& $+*& #,(%%& ('& "+053C,(0'& $'5& ('&
5*/$'5H&4('C*&[(''#&5(5& '0,&9$)*& ,9*&0""0+,3'(,-& ,0&,+$)*%&0+& +*$5& 10+*(F'&/$F$k('*#& ,0&
,9*&#$/*&*L,*',&$#& ,05$-J& (',*+'$,(0'$%& ('1%3*'C*#&E*+*&/0+*&+$+*H&M0'#*N3*',%-J&[(''(#9&
5*#(F'&F+*E&"$+,%-& ('& (#0%$,(0'&$'5& G*C0/*&0+(F('$%& $'5&*L0,(C& 10+& 10+*(F'*+#H&.*#(F'*+#&
01,*'&F0,&('#"(+$,(0'&1+0/&[(''(#9&'$,3+*&$'5&%(1*&#,-%*H&K*'C*J&#(/"%(1(*5&$'5&"3+*&10+/#J&
C%*$'& C0%0+#& $'5& '$,3+$%& /$,*+($%#& $+*& ,-"(C$%& C9$+$C,*+(#,(C#& 01& [(''(#9& 5*#(F'H& b4,*'+0#&
:;;\$J&430+,,(6U30+(0&:;;fJ&U$+$@$#&:;;fc&&
&
& \
;AGAB* /%0')(*P.#6X*P'(,"(7*
S'&=`<`&[4M.&,3+'*5&(,#&*110+,#&(',0&'*E&5(+*C,(0'&$'5&C9$'F*5&(,&'$/*&(',0&.*#(F'&[0+3/&
[('%$'5&b.[[cH&805$-&.[[&"+0/0,*#&[(''(#9&9$'5(C+$1,J&$""%(*5&$+,#&$'5&('53#,+($%&5*#(F'J&
$'5& $(/#& ,0& $E$@*'& C0/"$'(*#Q& $'5& C0'#3/*+#Q& (',*+*#,& ,0E$+5#& 5*#(F'J& 5*#(F'&
0+F$'(k$,(0'#&$'5&,9*(+&"+053C,#H&89(#& (#&50'*&"$+,%-&G-&0+F$'(k('F&*L9(G(,(0'#&('&[('%$'5&
$'5& (',*+'$,(0'$%%-H&.[[&9$#& (,#&0E'&*L9(G(,(0'&+00/#&,0F*,9*+&E(,9&A*-,21!@&'#5!(%&)&
$'5& S/?[! G/00#2/33*',/& ('& K*%#('@(& C(,-& C*',+*H& ?0+*0)*+J& .[[& C0',+(G3,*#& 0+F$'(k('F&
C0/"*,(,(0'#& $'5&F()('F&$E$+5#& ,0& %(1,&3"& '*E& ,$%*',*5&5*#(F'*+#&$#&E*%%&$#&*'C03+$F('F&
C0/"$'(*#& ,0&3#*&5*#(F'&#*+)(C*#&$'5&"*+C*()*&5*#(F'&$#&C0/"*,(,()*&$5)$',$F*H&2*#(5*#&
C0/"*,(,(0'#& $'5& *L9(G(,(0'#& .[[Q#& $C,()(,(*#& ('C%35*& "3G%(C(,-J& "3G%(C$,(0'#& $'5&
C0//3'(C$,(0'#J& E9(C9& '0E$5$-#& ,$@*& "+(',*5& $'5& *%*C,+0'(C& 10+/H& b.*#(F'& [0+3/&
[('%$'5&:;;_$c&
&
ICC0+5('F& ,0& 430+,,(6U30+(0& b:;;fcJ& ,9*& $+*$#& .[[& C0)*+#& 5*"*'5& 0'& .[[Q#& MRX& $'5&
C0//(,,**J&$'5&)$+-&,9*+*10+*&1+0/&,(/*&,0&,(/*H&49*&C0',('3*#&,9$,&$#&"*+&,9*&C3++*',&MRX&
?(@@0& B$%9$/$&.[[& C0)*+#& *)*'& 9$'5(C+$1,J& $'5& 13+,9*+& 5*#(F'& O*E*%+-H&X'& ,9*& 0,9*+J&
9$'5&[('%$'5&50*#&'0,&9$)*&$'&0+F$'(k$,(0'J&E9(C9&E03%5&C0'C*',+$,*&0'%-&0'&"+0/0,('F&
9$'5(C+$1,&0+&#/$%%&G$,C9&"+053C*5&"+053C,#H&b430+,,(6U30+(0&:;;fJ&U$+$@$#&:;;fcH&
&
;AGAG* /%0')(*/'0&#'9&*C%,0'($'*
X+F$'(k$,(0'&.*#(F'@0+,,*%(& +-J& *#,$G%(#9*5& ('& :;;]J& (#& ,9*& 103'5$,(0'& 01&.*#(F'&.(#,+(C,&
K*%#('@(H& .[[J& *L*C3,()*& C0//(,,**J& *L*C3,()*& 5(+*C,0+& $'5& C0//(##(0'& C00+5('$,*&
.*#(F'@0+,,*%(&+-Q#&$C,()(,(*#H&89*&$(/&01&,9*#*&$C,()(,(*#&(#&,0&C0''*C,&5*#(F'60+(*',*5&3'(,#&
('&$&C*',+$%&K*%#('@(J&$'5& ('&,9(#&E$-&/$@*&,9*&$+*$&/0+*&$,,+$C,()*&$'5&@'0E'&10+&[(''#&
$'5&10+*(F'*+#H&b.*#(F'&.(#,+(C,&K*%#('@(&Cc&
&
.*#(F'& .(#,+(C,& C0'#(#,#& 01& :]& #,+**,#& $+03'5& .($'$'"3(#,0& Y$+@J& $'5& 9$#& =];& /*/G*+#&
('C%35('F&C%0,9('FZ"#J&O*E*%+-&5*#(F'*+#J&+*#,$3+$',#J&/3#*3/#&$'5&F$%%*+(*#H&S,&011*+#&$&
'*(F9G0+9005& 13%%& 01& "%$C*#& ,0& "3+C9$#*& 9(F9& N3$%(,-& [(''(#9& 5*#(F'& "+053C,#J& $'5&
0""0+,3'(,(*#&,0&F*,&,0&@'0E&[(''(#9&5*#(F'&$'5&(,#&C3%,3+*H&b.*#(F'&.(#,+(C,&K*%#('@(&Gc&
&
& ]
!"@# 4(0*,+#1(.(2&3#
89*& /$O0+(,-& 01& O*E*%+-& 5*#(F'*+#& 9$)*& F+$53$,*5& ('& O*E*%+-& $'5& 0GO*C,& 5*#(F'& 0+& ('&
O*E*%+-& $'5& #(%)*+& 5*#(F'& 1+0/& $%*! Y1-$,$#$*! &?! A*-,21! 01& \/%$,! Z1,+*'-,$9! &?! "))3,*:!
(D,*1D*-H&89*#*&5*F+**#&5(11*+&1+0/&,90#*&01&F0%5#/(,9&$#&,0&F+*$,*+&*/"9$#(#&0'&C+*$,()(,-&
$'5& 5*#(F'H&?0+*0)*+J&/0#,&01& ,9*&[(''(#9& 5*#(F'& O*E*%+-& (#& 01,*'& 5*#(F'*5J& 9$'56/$5*&
"+053C*5&$'5&5(#,+(G3,*5&,0&1('$%&C0'#3/*+#&0+&+*,$(%*+#&G-&,9*&5*#(F'*+H&89*+*G-J&,9*&'$/*&
:*-,21!7*8*3'9&(#&G$#*5&0'&,9*&*53C$,(0'&01&,9*&5*#(F'*+&$#&E*%%&$#&0'&,9*&C9$+$C,*+(#,(C#&01&
O*E*%+-H&bB3O$'*'&:;;fc&&
&
&
!"A# 4(0*,+(++**+%#4;+B(&#%+B#4;+B((0*,+#
&
;ANA;* 1%2%,#3*/%0')(%#*5((''("*/6(7%#*
I''(('$&.3'5*+&F+$53$,*5&$#&$&O*E*%+-&$'5&#(%)*+&5*#(F'*+&1+0/&,9*!Y1-$,$#$*!&?!A*-,21!01!
\/%$,!Z1,+*'-,$9!&?!"))3,*:!(D,*1D*-&('&#"+('F&:;;fH&.3+('F&9*+&#,35(*#	*&E$#&0'*&01&,9*&
1('$%(#,#&('&,9*&C0/"*,(,(0'&0+F$'(k*5&G-&89*&[(''(#9&T0%5#/(,9&I##0C($,(0'J&$'5&E0'&,9*&
(',*+'$,(0'$%& [$G*+Fl& 2(*''$%*& :;;]! O*E*%+-& 5*#(F'& C0/"*,(,(0'Q#& -03,9& 5()(#(0'! E(,9&
'*C@%$C*&B%*0"$,+$H!W*$+&:;;_!#9*&5*#(F'*5&$'5&/$5*&.*#(F'&.(#,+(C,Q#&1(+#,&0E'&"+053C,&
03,&01&0%5&.*#(F'&.(#,+(C,&/$"#H&89(#&Y$"*+&A*E#6G+00C9&E$#�%5&3'5*+&-*$+&:;;_6:;;f&
$#&.*#(F'&.(#,+(C,Q#&#-/G0%&"+053C,H&S'&9*+&F+$53$,(0'&-*$+&:;;f	*&,00@&"$+,&01&Y3@@(%$Q#&
4,+**,#&[3+'(,3+*&.*#(F'&C0/"*,(,(0'&$'5&E$#&"%$C*5& 103+,9H& S'&$3F3#,&:;;f	*&E$#& ,9*&
5*#(F'*+& 01& ,9*& /0',9& C90#*'& G-& .*#(F'& [0+3/& [('%$'5H& S'& $55(,(0'& ,0& 5*#(F'('F& $'5&
/$@('F& O*E*%+-J& .3'5*+& #,35(*#& G3#('*##& $,& >/10*14! (8*:,-%! (D%&&3! &?! ]#-,1*--! /1:!
PD&1&5,D-H&b.3'5*+&:;;f$J&.*#(F'&.(#,+(C,&K*%#('@(&$c&
&
I%%& .3'5*+Q#& O*E*%+-& (#& 9$'56/$5*& $'5& 5*#(F'*5& G-& 9*+J& E9(C9& $CC0+5('F& ,0& .3'5*+&
/$@*#& 9*+& O*E*%+-& /0+*& *LC%3#()*& C0/"$+*5& ,0& ,9*& 0'*#& ('53#,+($%%-& /$'31$C,3+*5& $'5&
#0%5& ('&F0%5& C9$('& #,0+*#H&I''(('$&.3'5*+&/$@*#& #/$%%& G$,C9&"+053C*5&C0%%*C,(0'#& b%$,*+&
+*1*++*5& $#& C0%%*C,(0'#c& $'5& 3'(N3*& C3#,0/6/$5*& O*E*%+-H& 4(%)*+& (#& 3#*5& ('& $%%& 01& 9*+&
C0%%*C,(0'&O*E*%+-J&$'5&('&/0#,&01&,9*/&(,&(#&C0/G('*5&E(,9&/0+*&3'3#3$%&O*E*%+-&/$,*+($%#&
& _
#3C9&$#&%*$,9*+&$'5&"$"*+&#,+('FH&V9*'&5*#(F'('F&,9*&10+/*+&,-"*&01& O*E*%+-&.3'5*+&50*#&
'0,&'0+/$%%-&,$@*&$CC03',&01&C0'#3/*+&'**5#&0+&E$',#H&S,&(#&+$,9*+&9*+&(''*+&('#"(+$,(0'&$#&
E*%%&$#&*L$/('('F&)$+(03#&10+/#&$'5&E0+@('F&E(,9&5(11*+*',&/$,*+($%#&,9$,&*',93#*&9*+&,0&
,+-& '*E& E$-#& ,0& 10+/& O*E*%+-H& K0E*)*+J& 9*+& C0%%*C,(0'& O*E*%+-& 5*#(F'#& C$'& 01,*'& G*&
/05(1(*5& $#& ,0& ,9*& /$,*+($%& $'5& #(k*& G-& C3#,0/*+#Q& +*N3*#,H& 89*& C3#,0/(k*5& "(*C*#& 01&
O*E*%+-&('&,3+'&$+*&01,*'&('1%3*'C*5&G-&C3#,0/*+#Q&(5*$#J&G3,&*)*'&('&,9(#&C$#*&.3'5*+&50*#&
'0,&5*#(F'&$'5&/$@*&O*E*%+-&,9$,&(#&$F$('#,&9*+&0E'&$+,(#,(C&"*+C*",(0'H&b.3'5*+&:;;f$c&
&
I#&$&/$,*+($%J& #(%)*+& (#& C9*$"*+& ,9$'&F0%5J&ZZ_J\Z&mn@F&$'5&=<J`Z&mnF& +*#"*C,()*%-& bBHIH&
P$#/3##*'&:;;<cH&.3*&,0&.3'5*+&3#('F&/0#,%-& #(%)*+&$#&E*%%&$#& ,0&,9*& 1$C,0+#&/*',(0'*5&
$G0)*& #9*& (#& /0+*& 5*"*'5$G%*& 0'& ,(/*& +*#03+C*#& ,9$'& 1('$'C($%& +*#03+C*#H&X'& ,9*& 0,9*+&
9$'5J&#(F'(1(C$',&$/03',&01&,9*&)$%3*&C0/*#&1+0/&,9*&,(/*&#"*'5&('&5*#(F'('F&$'5&/$@('F&
O*E*%+-& +*F$+5%*##&01& ,9*&/$,*+($%&3#*5H&.3*& ,0&,9*& %$C@&01& ,(/*&.3'5*+&'0+/$%%-&/$@*#&
"+053C,#& 10%%0E('F& ,9*& 5*/$'5H& 40/*,(/*#& #9*& /(F9,& 9$)*& 1*E& *L,+$& "(*C*#& ,0& ,$@*& ,0&
+*,$(%('F&#,0+*#J&E9(C9&C3++*',%-&$+*&.*#(F'&[0+3/&490"&$'5&T$%%*+($&B0+3&#,0+*n&O*E*%+-&
E0+@#90"&('&C*',+$%&K*%#('@(J&,0&+*"%$C*&,9*�%5&0'*#J&G3,&+*F3%$+%-	*&/$@*#&,9*/&$1,*+&
9*$+('F&,9$,&9*+&"(*C*#&01&O*E*%+-&9$)*&+3'&03,H&S'&0,9*+&E0+5#	*&50*#&'0,&9$)*&$&#,0C@&01&
O*E*%+-H&b.3'5*+&:;;f$c&
&
.3'5*+Q#&b:;;f$c&$(/&10+&,9*&13,3+*&(#&,0&G*&$&13%%6,(/*&O*E*%+-&5*#(F'*+H&I55(,(0'$%%-J	*&
E03%5&%(@*&,0&C+*$,*&$&#,+0'F&G+$'5&10+&9*+&"+053C,#&$#&E*%%&$#&10+&.3'5*+&.*#(F'J&,9*&'$/*&
$'5& ,9*& C0/"$'-& 9*+& O*E*%+-& $+*& #0%5& 3'5*+& b#**& C9$",*+& G*%0EcH& K0E*)*+J& $"$+,& 1+0/&
C0/"*,('F& ('& 5(11*+*',& C0/"*,(,(0'#J& .3'5*+& 50*#& '0,& C3++*',%-& 9$)*& $'-& "+0/0,(0'$%&
$C,()(,(*#&,0&*'9$'C*&,9*&G+$'5&(/$F*&0+&,0&G+('F&9*+&)(#(G(%(,-H&.3'5*+&9$#&F+0E'&(',0&,9*&
G3#('*##& ,9+03F9& 9*+& *53C$,(0'J& G3,& (,& (#& ,9*& C0'#,$',& '*E& C9$%%*'F*#& $'5& '*E& C+*$,()*&
E$-#&,0&F0&,9$,&/$@*#& O*E*%+-&5*#(F'('F&9*+&"$##(0'H&?0+*0)*+J&C+*$,()*&E0+@&(,#*%1&$'5&
#3CC**5('F&('&(,&F()*#&9*+&13%1(%%/*',H&&
&
& f
;ANAB* /6(7%#*/%0')(*V3*
.3'5*+& .*#(F'& B-& b..Bc& (#& $& %(/(,*5& "$+,'*+#9("& C0'#(#,('F& 01& 0'*& 0+5('$+-& $'5& 103+&
50+/$',& "$+,'*+#J& I''(('$& .3'5*+& G*('F& 0'*& 01& ,9*/H& 89*& $C,()(,-& 01& ..B& (#& 5()(5*5&
G*,E**'& ,E0& G3#('*##& 3'(,#H& 89*& 1(+#,& 0'*& (#& 10C3#('F& 0'& (')*#,('F& ,0& $+,#& $'5& 9$#& ,93#&
"(*C*#&01&$+,&('&(,#&"0##*##(0'H&K0E*)*+J&C3++*',%-&,9(#&G3#('*##&3'(,&(#&'0,&$C,()*&('&#*%%('F&
0+&G3-('F&$+,J& $'5& ,9*+*10+*& (,#&0'%-& +*$%& C0#,#&C0'#(#,#&01& ,9*&$''3$%%-& ('#3+$'C*& 10+& ,9*&
"(*C*#&01&$+,E0+@H&89*&#*C0'5&G3#('*##&3'(,&C0)*+#&$%%&I''(('$&.3'5*+Q#& O*E*%+-&/$@('F&
$'5& #*%%('F& $C,()(,(*#J& $'5& (#& ,9*+*G-& 0"*+$,('F& /0+*& $C,()*%-& ,9$'& ,9*& 1(+#,& 0'*H& bK*(@@(&
.3'5*+&:;;<J&8+$5*&P*F(#,*+&:;;fc&
&
.0+/$',&"$+,'*+#&$#&E*%%&$#& ,9*&0+5('$+-&"$+,'*+&C$'&E0+@& 10+&,9*&C0/"$'-&$'5&F*,&"$(5&
10+& (,H&89*&C0/"*'#$,(0'&C$'& G*&50'*&*(,9*+& ('& 10+/&01& #$%$+-&"$-/*',&0+&5(#,+(G3,('F&01&
"+01(,#J&G3,&('&G0,9&C$#*#&,9*&$/03',&01&C0/"*'#$,(0'&(#&('&$CC0+5$'C*&E(,9&,9*&$/03',&01&
E0+@&50'*&$'5n&0+&"+01(,&/$5*H&S'&$55(,(0'&,0&,9*&"0##(G(%(,-&,0&E0+@&10+&..BJ&"$+,'*+#&C$'&
*)*'& E(,95+$E& 1+0/& 0+& /$@*& $& 5*"0#(,& (',0& C0/"$'-Q#& $CC03',& 53*& ,0& ,9*& %(/(,*5&
"$+,'*+#9("Q#&+*%$,()*%-&1%*L(G%*&/0'*-&,+$'#$C,(0'#H&bK*(@@(&.3'5*+&:;;<J&8+$5*&P*F(#,*+&
:;;fc&
&
&
& <
B* :W%.#3*
&
Y1! $%,-! D%/)$*'4! $%*! $%*&'*$,D/3! ?'/5*8&'0! &?! $%*! -$#:9! ,-! )'*-*1$*:! ?&33&8*:! 69!
:*3,5,$/$,&1-!&?!$%*!-$#:9<!M%*!-$'#D$#'*!&?!$%*!'*-$!&?!$%*!$%*-,-!,-!2&,12!$&!6*!6/-*:!&1!$%*!
-$'#D$#'*!&?!$%*!5&:*3!)'*-*1$*:!,1!$%,-!-*D$,&1<!
&
!
!
9"!# $%&'()*+,#:2%++*+,#:&87(00#
89*&?$+@*,('F& Y%$''('F& Y+0C*##& 1+0/& ,9*& $+,(C%*& M%*! $%*&'9! /1:! )'/D$,D*! &?! 5/'0*$,12!
)3/11,12! ,1! $%*! -5/33*'!6#-,1*--& G-&2+00@#G$'@& b=```c& (#&3#*5&$#&$&F+03'5E0+@& 10+& ,9*&
,9*0+-H& 89(#& /05*%& E$#& C90#*'& G*C$3#*& (,& (#& $& C%*$+& "+*#*',$,(0'& 01& 90E& /$+@*,('F&
"%$''('F& "+0C*##& C$'& G*& $""%(*5& ,0& #/$%%& C0/"$'(*#H& 89*& 0+(F('$%& /$+@*,('F& "%$''('F&
"+0C*##& /05*%& G-& 2+00@#G$'@& C0'#(#,#& 01& 103+& /$('& "9$#*#>& $'$%-k('FJ& #,+$,*F(k('FJ&
(/"%*/*',('F& $'5& C0',+0%%('FH&I%,903F9& ,9*& C0/"$'-& #903%5& ,$@*& (',0& C0'#(5*+$,(0'& ,9*&
C0',+0%%('F&"9$#*J&(,&(#&03,#(5*&01&,9(#&#,35-&53*&,0&,9*&,(/*&1+$/*&$'5&,93#&'0,&(%%3#,+$,*5&('&
,9*&/05*%&"+*#*',*5&('&1(F3+*&=H&89*&/05(1(*5&/05*%&,0F*,9*+&E(,9&C0/"%*/*',$+-&$#"*C,#&
1+0/&Q',1D,)3*-!&?!./'0*$,12&G-&B0,%*+&*,&$%H&b:;;:c&$'5&1+0/&"!@'/5*8&'0!?&'!./'0*$,12!
./1/2*5*1$&G-&B0,%*+&b:;;=c&"+*#*',#&$&,9*0+*,(C$%&1+$/*E0+@&10+&,9(#&#,35-H&
& `
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&!
!
@,2#'*!;!M%*!./'0*$,12!Q3/11,12!Q'&D*--!^5&:,?,*:_<!@'&5!]'&&0-6/10!;RRR`!!M%*!$%*&'9!/1:!
)'/D$,D*!&?!5/'0*$,12!)3/11,12!,1!$%*!-5/33*'!6#-,1*--&
&
&
ICC0+5('F& ,0& 2+00@#G$'@& b=```>f<c& dg,i9*+*& $+*& ,9+**& 13'5$/*',$%& "+('C("%*#& E9(C9&
3'5*+"('& ,9*& "+0"0#*5& 1+$/*E0+@eH& 89*& 1(+#,& 0'*& C0'#(5*+#& ,9*& /$+@*,& 0+(*',$,(0'H& I&
C0/"$'-·%5&10C3#&0'&#$,(#1-('F&C3#,0/*+&'**5#&$'5&E$',#&+$,9*+&,9$'&O3#,&5*)*%0"('F&
F+*$,&"+053C,#&E(,9&%0E&C0#,#J&/!)'&:#D$,&1a&',*1$*:!D&5)/19J&0+&"*+#3$5('F&C3#,0/*+#&,0&
G3-&,9*(+&"+053C,#J&/!-/3*-a&',*1$*:!D&5)/19H&
&&
I&#*C0'5&"+('C("%*&C0'#(5*+#&,9*&103+&oC%$##(CQ&/$'$F*+($%&13'C,(0'#J&$'$%-k('FJ&"%$''('FJ&
0+F$'(k('F& $'5& C0',+0%%('FJ& ,9$,& C0/"$'-& #903%5& G*& $5$",*5& ('& 0+5*+& ,0& 9$)*&
C0/"+*9*'#()*& $'5& *11*C,()*& "%$''('F& $""+0$C9H& 89*#*& 103+& 13'C,(0'#& $+*& *N3$%%-&
5(",3Y'()*+W"0%&
80&5*1('*&E9*+*&,9*&C0/"$'-& & =H&M0'53C,('F&?$+@*,('F&+*#*$+C9H&
(#&'0E&$'5&E9*+*&(,&C03%5&F0& & :H&I'$%-k*&$'5&C9$+,&4HVHXH8H&('&,9*&13,3+*H&bI'$%-k('Fc& & &&&&"+01(%*b#cH&
&
M&#"&%)'Y'()*+W"0%&
80&5*,*+/('*&E9*+*&,9*&C0/"$'-& ZH&4*,&/$+@*,('F&0GO*C,()*#&10+&
(#&F0('F&,0&F0J&$'5&90E&G*#,&,0& & &&&&*$C9&"+053C,n&#*+)(C*H&&&F*,&,9*+*H& & & & \H&[0+/3%$,*&"0#(,(0'('F&#,+$,*F(*#&
bY%$''('Fc& & & &&&10+&*$C9&"+053C,n&#*+)(C*H&&
<XZ,%X%(&'()*+W"0%&
80&,+$'#%$,*&,9*&#,+$,*F-&& & ]H&I##*/G%*&,9*&\&YQ#&/(L&10+& &&
(',0&$C,(0'H& & & & &&&&*$C9&"+053C,n&#*+)(C*H&
bX+F$'(k('Fc& & & & _H&X+F$'(k*&,9*&/$+@*,('F&*110+,H&
& =;
(/"0+,$',&$'5&d/3,3$%%-""0+,()*&01&0'*&$'0,9*+&('&*'$G%('F&$&C0/"$'-&,0CC*##13%%-&
C+*$,*&$'5&@**"&C3#,0/*+#&10+&$&%0'F&,*+/eH&bSG(5Hc&
&
89(+5%-J& /$+@*,('F& "%$''('F& #903%5& G*& C0',('303#& "+0C*##& ('& 0+5*+& ,0& @**"& 3"&E(,9& ,9*&
C9$'F('F&*')(+0'/*',H&[3+,9*+/0+*&$&/$+@*,('F&"%$'·%5&*L"%0(,& ,9*#*&C9$'C*#&01& ,9*&
/05*+'&G3#('*##&*')(+0'/*',&,0&C0/"$'-Q#&G*#,&$5)$',$F*#H&bSG(5Hc&
&
&
9"9# 6+%23C*+,#:?%0(#
&
BABA;* !"#$%&'()*>%0%"#9W*
ICC0+5('F&,0&2+00@#G$'@&b=```>f<11c&,9*&1(+#,&,$#@&('&,9*&$'$%-k('F&"9$#*&(#&,0&C0'53C,&$&
/$+@*,('F& +*#*$+C9& ('& 0+5*+& ,0& G*,,*+& $'$%-k*& C0/"$'-Q#& C0/"*,(,()*& #(,3$,(0'J& $'5& ,0&
$'#E*+&N3*#,(0'#&8%*'*!/'*!8*!1&8&$'5&8%*'*!D:!8*!2&!,1!$%*!?#$#'*H&?0+*0)*+J&,9*&
('10+/$,(0'&C0%%*C,*5&('&,9(#&"9$#*&E0+@#&$#&$&G$#*&10+&,9*&+*#,&01&,9*&/$+@*,('F&"%$'H&89*&
10C3#& 01& ,9*& $'$%-#*#& #903%5& G*& 0'& C0/"$'-Q#& C3++*',& $'5& "0,*',($%& C3#,0/*+#J& (,#&
C0/"*,(,0+#&$'5&,9*&/$+@*,b#c& ,9*&C0/"$'-&0"*+$,*#& ('H&I&C0/"$'-·%5&$%#0&*L$/('*&
(,#& "+*+*N3(#(,*& 10+& C0/"*,('F& $'5& #3CC**5('F& ('& ,9(#& /$+@*,& E9*'& ,$@('F& (',0& $CC03',&
1$C,0+#& /*',(0'*5& $G0)*H& ?0+*0)*+J& *')(+0'/*',$%& *%*/*',#& C$'& 9$)*& $'& (/"$C,& 0'&
C0/"$'-Q#&"*+10+/$'C*H&89*#*&5(11*+*',&1$C,0+#&$+*&'0E&5(#C3##*5&('&5*,$(%H&&
&
?$+@*,#& $'5&M3#,0/*+#>&M0/"$'(*#& C$''0,& $""%-& ,0& $%%& C0'#3/*+#& ('& ,9*&/$+@*,&E(,9& $&
#$/*& 011*+('FH& 89*+*10+*& (,& (#& '*C*##$+-& ,0& 5()(5*& ,9*& /$+@*,& (',0& #/$%%*+& F+03"#& 01&
C3#,0/*+#J&#*F/*',#J&$'5&,$+F*,&,9*&0'*#&E90#*&'**5#&$'5&E$',#&C0/"$'-&C$'&#$,(#1-&,9*&
G*#,H&S,&(#&$%#0&(/"0+,$',&,0&*L$/('*&90E&$,,+$C,()*&*$C9&#*F/*',&(#&$#&,0&#(k*J&5*/$'5J&$'5&
G3-('F& "0E*+& $'5& G*9$)(0+H& S'& $55(,(0'J& C3#,0/*+& '**5#& $'5&E$',#& #903%5& G*& +*)(*E*5&
E(,9&+*#"*C,&,0&,9*&C9$'C*#&('&,9*&/$+@*,&*')(+0'/*',H&bB0,%*+&*,&$%H&:;;:>=;=J&2+00@#G$'@&
=```>f`1c&
&
& ==
M0/"*,(,0+#>&I&C0/"$'-·%5&(5*',(1-&,9*(+&C0/"*,(,0+#&$'5&/$@*&$&5**"*+&$'$%-#(#&01&
,9*&/$('&0'*#H&89(#&$'$%-#(#·%5&('C%35*&C0/"*,(,0+#Q&$C,()(,-&$#&E*%%&$#&,9*(+&#,+$,*F(*#&
10+& "+053C,& N3$%(,-J& "+(C('FJ& 5(#,+(G3,(0'& $'5& "+0/0,(0'H& M0/"$'-& #903%5& $%#0& *L$/('*&
"*+10+/$'C*& $'5& C0/"*,(,()*& $5)$',$F*#& 01& (,#& /$('& C0/"*,(,0+#H& 2$#*5& 0'& ,9(#&
('10+/$,(0'& $& C0/"$'-& C$'& $'$%-k*& (,#& "0#(,(0'& ('& ,9*& /$+@*,& +*%$,()*& ,0& (,#& $C,3$%& 0+&
"0,*',($%&C0/"*,(,0+#H&bSG(5Hc&
&
M0/"$'-Q#& Y+*+*N3(#(,*>& M0/"$'-& #903%5& 03,%('*& (,#& (',*+'$%& #,+*'F,9#& $'5& E*$@'*##*#&
+*%$,()*&,0&,9*&/$+@*,&$'5&(,#&/$('&C0/"*,(,0+#H&89(#&"$+,·%5&(')0%)*&$%%&$#"*C,&01&,9*&
G3#('*##p& #3C9& $#& 1('$'C($%& C$"$G(%(,(*#J& 5(#,+(G3,0+& +*%$,(0'#9("#J& $'5& ,9*& C0',+0%%$G%*&
/$+@*,('F&/(L&)$+($G%*#&"+(C*J&"+053C,J&5(#,+(G3,(0'&$'5&"+0/0,(0'H&bSG(5Hc&
&
R')(+0'/*',>&I&C0/"$'-·%5&/0'(,0+&,9*&@*-&10+C*#&('&(,#&/$C+0&*')(+0'/*',J&G*C$3#*&
C9$'F*#& ('& "0%(,(C$%J& *C0'0/(C$%J& #0C($%& $'5& ,*C9'0%0F(C$%& $+*$#& #9$"*& ,9*& G*9$)(0+& 01&
C0/"*,(,0+#& $'5& C0'#3/*+#H& I& C0/"$'-& C$''0,& ('1%3*'C*& ,9*#*& C9$'F*#J& G3,& (,& C$'& $'5&
#903%5&$C,&0'&,9*&0""0+,3'(,(*#&$'5&,9+*$,#&,9$,&+(C*&1+0/&,9*/H&M9$'F*#&('&,9*#*&G*9$)(0+#&
C$'&13+,9*+&C$3#*&'*E&0""0+,3'(,(*#&$'5&,9+*$,#&,0&,9*&C0/"$'-&5*"*'5('F&0'&(,#&#,+*'F,9#H&
b2+00@#G$'@&=```><;J&B0,%*+&:;;=>&\_c&&
&
BABAB* MU?:*
I1,*+& $'$%-k('F& 1$C,0+#& /*',(0'*5& $G0)*& C0/"$'-Q#& /$('& ($'*12$%-4! K*/01*--*-4!
L))&'$#1,$,*-! $'5! M%'*/$-! C$'& G*& #3//$+(k*5& ('& $& 4VX8& $'$%-#(#& C9$+,& bB0,%*+& *,& $%H&
:;;:>=;=cH& ICC0+5('F& ,0& 2+00@#G$'@& b=```><;c& dg$i& F005& 4VX8& "+01(%*& 1$C(%(,$,*#& ,9*&
5*)*%0"/*',& 01& $& #,+$,*F-& E9(C9& C$"(,$%(k*#& 0'& $& C0/"$'-Q#& #,+*'F,9#J& /('(/(k*#& $'-&
E*$@'*##*#J&*L"%0(,#&*/*+F('F&0""0+,3'(,(*#&$'5&$)0(5#J&$#&1$+&$#&"0##(G%*J&$'-&,9+*$,#eH&&
&
&
& =:
9"=# D)&%)(,*C*+,#:?%0(#
&
BAGA;* !"#$%&'()*?8[%9&'\%0*
V(,9&$&#(,3$,(0'&$'$%-#(#&$'5&$&4VX8&C9$+,&$#&$&G$#*J&C0/"$'-&#*,#&/$+@*,('F&0GO*C,()*#J&
E9(C9&(,&E03%5&%(@*&,0&$C9(*)*H&89*#*&0GO*C,()*#·%5&G*&+*$%(#,(CJ&#"*C(1(CJ&$'5&+*%$,()*&
,0&,9*&5*#(+*5&%*)*%&01&$C9(*)*/*',&('&G0,9&5*/$'5&$'5""%-&#(5*H&T0$%#&('&5*/$'5&#(5*&
'0+/$%%-&+*1%*C,& ,9*&,$+F*,&"+01(,& %*)*%#&$'5&'3/G*+&01&#$%*#& ,0&G*&/$5*H&89*""%-&#(5*&
0GO*C,()*#& ('& ,3+'& ('C%35*& ,9*& /$+@*,('F& C0#,#J& #3C9& $#& ,9*& 3#*& 01& "9-#(C$%& +*#03+C*#&
b"+053C,(0'& $'5& 5(#,+(G3,(0'& 1$C(%(,(*#cJ& 93/$'& +*#03+C*#& b"*0"%*& */"%0-/*',c& $'5&
/0'*,$+-&+*#03+C*#H&b2+00@#G$'@&=```><:c&&
&
BAGAB* M&#"&%)3*P.#X6,"&'.(*
89*&,$#@&10+&,9(#&"9$#*&(#&,0&10+/&$&G+0$5&/$+@*,('F&#,+$,*F-&0+&$&F$/*&"%$'&10+&$C9(*)('F&
0GO*C,()*#&bB0,%*+&*,&$%H&:;;:>=;=cH&ICC0+5('F&,0&2+00@#G$'@&b=```><:cJ&$&C0/"$'-·%5&
#,$+,& (,#&"0#(,(0'('F&#,+$,*F-&G-&C900#('F&#*F/*',b#c& ,0&10C3#&0'J& 10%%0E*5&G-& (5*',(1-('F&
,9*&C0/"*,(,0+#&E90&,$+F*,&,9*&#$/*&#*F/*',b#cJ&$'5&1('$%%-&5*1('*&E9(C9&5(11*+*',($,*&,9*&
C0/"$'-&1+0/&,9*#*&C0/"*,(,0+#&$'5&,93#&F()*#&(,&C0/"*,(,()*&$5)$',$F*H&S,&(#&(/"0+,$',&,0&
+*/*/G*+& ,9$,& #*F/*',#& 5(11*+& ('& ,9*(+& '**5#& $'5& E$',#J& +*#"0'#*#& ,0& /$+@*,('FJ& $'5&
"+01(,$G(%(,-H&89*& C0/"$'-& #903%5& 10C3#& 0'& ,9*& 0'*#& ,9$,& (,& C03%5& #*+)*& G*#,J& $'5& C+*$,*&
/0+*&)$%3*&+*%$,()*&,0&,9*&C0/"*,(,0+#&bB0,%*+&*,&$%H&:;;:>=;=1cH&
&
ICC0+5('F& ,0&B0,%*+&*,& $%H& b:;;:>Z\Z11c& ,9*+*&$+*& ,9+**& 13'5$/*',$%&0",(0'#& ,0&,$+F*,& ,9*&
/$+@*,H&V(,9:,??*'*1$,/$*:!5/'0*$,12!C0/"$'-&dgF0*#i&$1,*+&,9*&E90%*&/$+@*,&E(,9&0'*&
011*+e& bSG(5H&"H&Z\Zc& ('&0+5*+& ,0&F$('&C0#,&*C0'0/(C#&$'5&#$)('F#& ('&$5)*+,(#*/*',&C0#,#H&
!#('F& :,??*'*1$,/$*:! 5/'0*$,12& $& C0/"$'-& 5(+*C,#& 5(11*+*',& /$+@*,('F& 011*+#& ,0E$+5#&
5(#,('C,& #*F/*',#J& $'5& ,93#& ,$+F*,#& #*)*+$%& #*F/*',#H& 89*& $(/& (#& ,0& *'9$'C*& C3#,0/*+#Q&
0)*+$%%& +*C0F'(,(0'&01& ,9*&C0/"$'-&$#&E*%%&$#& ('C+*$#*& ,9*& ,0,$%&$/03',&01&"3+C9$#*#H& S'!
D&1D*1$'/$*:!5/'0*$,12& #,+$,*F-&$& 1(+/&90"*#& ,0&F$('& %$+F*& #9$+*#& G-& 10C3#('F&0'&0'*&0+&
1*EG#*F/*',#H&2+00@#G$'@&b=```><Zc&5(#C3##*#&,9$,&E9*'&5*C(5('F&E9(C9&E$-&,0&F0J&$&
& =Z
C0/"$'-·%5&,$@*&(,#&#(k*&$'5&+*#03+C*#&(',0&C0'#(5*+$,(0'H&!'5(11*+*',($,*5&/$+@*,('F&
C$'& G*& #3(,$G%*& 10+& G(F& C0/"$'(*#J& G3,& 10+& $& #/$%%*+& C0/"$'-& (,& (#& 01,*'&/0+*& 1(,,('F& ,0&
,$+F*,&*(,9*+&1*E&0+&0'*&#"*C(1(C&#*F/*',#H&
&
S'& +*1*+*'C*& ,0&B0,%*+& *,& $%H& b:;;:>Z]]J&Z]fJ&Z_`c&$&C0/"$'-& C$'&C900#*& ,0&5(11*+*',($,*&
(,#*%1& 0+& (,#& "+053C,& ('& /$'-& 5(11*+*',&E$-#H&K0E*)*+J& ,9*& (',*',(0'& 01& 5(11*+*',($,('F& (#&
$%E$-#&,0&011*+& ,9*&F+*$,*#,&)$%3*&,0&,$+F*,*5&C3#,0/*+#H&89(#&C$'&G*&50'*&*(,9*+& ,9+03F9&
%0E*+&"+(C*#&0+&F+*$,*+&G*'*1(,#J&E9(C9&O3#,(1-&9(F9*+&"+(C*#J&+*%$,()*&,0&C0/"*,(,0+#H&V9*'&
$& C0/"$'-& 9$#& 103'5& 5(11*+*',($,('F& 1$C,0+#J& E9(C9& C$'& E0+@& $#& $5)$',$F*& $F$('#,&
C0/"*,(,0+#J&$&C0/"$'-&'**5#&,0&C0//3'(C$,*&,9*#*&$5)$',$F*#&,0&C0'#3/*+#&G-&"+053C,&
"0#(,(0'('FH&89*&5(11*+*'C*&G*,E**'&$&C0/"*,(,()*&$5)$',$F*&$'5&"+053C,Q#&"0#(,(0'&(#&,9$,&
,9*&10+/*+&(#&,9*&#,+*'F,9&01&$&C0/"$'-&$'5&,9*&%$,*+&$&C0'#3/*+Q#&"*+C*",(0'&01&$&"+053C,H&
&
&
9"@# EF<2(F(+)*+,#:?%0(#
&
BAIA;* !"#$%&'()*!']*
B0,%*+&*,&$%H&b:;;:>`fc&#,$,*&,9$,&('&,9(#&"9$#*&#"*C(1(C&/$+@*,('F&/(L&#,+$,*F(*#&$+*&03,%('*5&
10+& ,9*& C90#*'& #*F/*',b#cH&89*& $3,90+#& 5*1('*&/$+@*,('F&/(L& $#& d,9*& #*,& 01& C0',+0%%$G%*&
,$C,(C$%&/$+@*,('F&,00%#&,9$,&,9*&1(+/&G%*'5#&,0&"+053C*&,9*&+*#"0'#*&(,&E$',#& ('&,9*&,$+F*,&
/$+@*,e&b(G(5H&"H&`fcH&S,& (#& (/"*+$,()*&,9$,&$%%& 103+&"$+,#&01&/$+@*,('F&/(LJ&"+053C,J&"+(C*J&
"%$C*&$'5&"+0/0,(0'J&$+*&('&G$%$'C*H&
!
9"@"!"!# :&8B;7)#
B0,%*+&b:;;=>=<Zc&$+F3*&,9$,&$&"+053C,&(#&,9*&@*-&*%*/*',&('&/$+@*,&011*+('FJ&$'5&,9*+*10+*&
/$+@*,('F6/(L& "%$''('F& #903%5& $%E$-#& #,$+,& E(,9& 10+/3%$,('F& $'& 011*+('F& ,9$,& /**,#& 0+&
*LC**5#&C3#,0/*+&'**5#&$'5&E$',#H&Y+053C,&C$'&G*&5*1('*5&$#&$'-,9('F&,9$,&C$'&G*&011*+*5&
,0&,9*&/$+@*,&,0&#$,(#1-&$&E$',&0+&$&'**5H&S'&0+5*+&,0&F$('&C0/"*,(,()*&$5)$',$F*&$&C0/"$'-&
#903%5& $(/& ,0& "+053C*& $& "+053C,& ,9$,& C+*$,*#& /0+*& )$%3*& ,0& ,9*& C3#,0/*+& ,9$'& ,9*&
& =\
C0/"*,('F&0'*#H&2+$'5&C$'&$55&$55(,(0'$%&)$%3*&10+&C0'#3/*+#&*#"*C($%%-&E9*'&(,&(#&C%*$+%-&
$'5&"0#(,()*%-&"0#(,(0'*5&('&,9*&C0'#3/*+#Q&/('5#&bB0,%*+&*,&$%H&:;;:>\_`11cH&
&
9"@"!"9# :&*7(#
S'&+*1*+*'C*&,0&B0,%*+&*,&$%H&b:;;:>]__6]ffc&,9*&'$++0E&5*1('(,(0'&01&"+(C*&(#&,9*&$/03',&01&
/0'*-&"$(5&10+&$&"+053C,H&I&G+0$5&5*#C+(",(0'&01&$&"+(C*&(#&d,9*/&01&$%%&,9*&)$%3*#&,9$,&
C0'#3/*+#& *LC9$'F*& 10+& ,9*& G*'*1(,#& 01& 9$)('F& 0+& 3#('F& $& "+053C,e& b(G(5H& "H& ]__cH& 89*&
10%%0E('F&1$C,0+#&('1%3*'C*&C0/"$'-Q#&"+(C*&#*,,('F>&C0#,&01&"+053C('FJ&5*#(+*5&"0#(,(0'&('&
,9*&/$+@*,J&C0/"*,(,0+#&"+(C*&#*,,('F&$#&E*%%&$#&,9*&/$+@*,&$'5&,9*&5*/$'5&01&,9*&"+053C,H&&
&
9"@"!"=# :2%7(#
ICC0+5('F&,0&B0,%*+&*,&$%H&b:;;:>fZ<c&/$+@*,('F&C9$''*%&5*C(#(0'#&$+*&C0''*C,*5&,0&*)*+-&
0,9*+&/$+@*,('F&5*C(#(0'H&?0+*0)*+J&C900#('F&,9*&+(F9,&5(#,+(G3,(0'&C9$''*%#&C$'&E0+@&$#&
C0/"*,(,()*&$5)$',$F*&10+&,9*&C0/"$'-H&I&C0/"$'-&C$'&C900#*&,0&5*%()*+&$&"+053C,&0+&$&
#*+)(C*& ,0& ,9*& C3#,0/*+& *(,9*+& 5(+*C,%-& 0+& ('5(+*C,%-& G-& 3#('F& 0'*& 0+& /0+*& %*)*%#& 01&
(',*+/*5($+(*#JC9&$#&+*,$(%*+#&$'5&$F*',#H&S'&$55(,(0'&,0&,9*#*&/0+*&,+$5(,(0'$%&C9$''*%#&$&
C0/"$'-&C$'&#*%%&5(+*C,%-&,0&C3#,0/*+#&)($&S',*+'*,H&
&
9"@"!"@# :&8F8)*8+#
M0/"$'(*#&/3#,&50&/0+*&,9$'&011*+&F005&"+053C,#&$'5&#*+)(C*#p& ,9*-&/3#,&C0//3'(C$,*&
,9*&G*'*1(,#&01&$&"+053C,&0+&$&#*+)(C*&,0&"0,*',($%&C3#,0/*+#&$'5&,+-&,0&$C9(*)*&,9*&E$',*5&
"0#(,(0'& ('& C3#,0/*+#Q& /('5#H& I& C0/"$'-& C$'& 3#*& "*+#0'$%& 0+& '0'6"*+#0'$%&
C0//3'(C$,(0'& C9$''*%#H&89*& 10+/*+& ('C%35*#& 1$C*6,061$C*J& "*+#0'& ,0& $35(*'C*J& 0)*+& ,9*&
,*%*"90'*& $'5& ,9+03F9& */$(%& C0//3'(C$,(0'#H& S'& $55(,(0'J& E0+56016/03,9J& E9(C9& (#&
"*+#0'$%&C0//3'(C$,(0'&G*,E**'&,E0&0+&/0+*&"$+,(*#J&(#&C0'#(5*+*5&,0&G*&"$+,&01&"*+#0'$%&
C0//3'(C$,(0'H& 89*& "*+#0'$%& C0//3'(C$,(0'& $""+0$C9& C$'& G*& 3#*13%& E9*'& "+053C,& (#&
*L"*'#()*J& +(#@-& 0+& 9(F9%-& )(#(G%*H& 89*& %$,,*+J& '0'6"*+#0'$%& C0//3'(C$,(0'& C9$''*%#J& ('&
,3+'&C0)*+&/$O0+&/*5($J&$,/0#"9*+*#&$'5&*)*',#H&&bB0,%*+&*,&$%H&:;;:>_:\J&_Z`1c&&
&
& =]
BAIAB* ?#)"('Y'()*&W%*!"#$%&'()*D--.#&*
?$+@*,('F& #,+$,*F(*#& $'5&/$+@*,('F& /(L*#& $+*& 13+,9*+& 10+/*5& (',0& #"*C(1(C& $C,(0'& "%$'#J&
E9(C9&$'#E*+&,9*&N3*#,(0'#>&K%/$&E(%%&G*&50'*q!K%*1&E(%%&(,&G*&50'*q!K%&&(#&+*#"0'#(G%*&
01&50('F&(,q!>&8!5#D%&E(%%&(,&C0#,q&bB0,%*+&*,&$%H&:;;:>=;:c&
&
&
9"A# 4(2*F*)%)*8+#8G#)?(#H?(8&3#%+B#)?(#D);B3#
4('C*&,9*&"3+"0#*&01&,9*&#,35-&(#&,0&G3(%5&$&F3(5*%('*&10+&$'&('5()(53$%&G*F(''('F&O*E*%+-&
5*#(F'*+J& ,9*&/05*%& (#&+$,9*+&3#*5& 10+&,9*&5*#(F'*+&,9$'& 10+&#*"$+$,*&"+053C,#&0+&#*+)(C*#H&
[3+,9*+/0+*J&,9(#&#,35-&50*#&'0,&C0'#(5*+&,(/*&1+$/*#&0+&C$%C3%$,(0'#J&E9(C9&'0+/$%%-&"%$-&
(/"0+,$',&"$+,#&01&/$+@*,('F&"%$'J&53*&,0&,9*(+&C0/"%*L&'$,3+*&$'5&3'C*+,$(',-H&K0E*)*+J&
O*E*%+-& 5*#(F'*+#& #903%5& +*1%*C,& 0'& ,9*#*& 1$C,0+#& $'5& /$@*& C$%C3%$,(0'#& 01& 90E& /$'-&
"+053C,#& $+*& '**5*5& ,0& G*& #0%5& ('& 0+5*+& ,0& +*$C9& ,9*& 5*#(+*5& %*)*%& 01& "+01(,H& 89(#&
5*%(/(,$,(0'& ,0F*,9*+& E(,9& ,9*& 10C3#& 0'& ('5()(53$%& 5*#(F'*+#& /$@*#& ,9*& 10+/3%$,(0'& 01&
#"*C(1(C&$C,(0'&"%$'&3''*C*##$+-&$'5&,9*+*10+*&,9*&%$#,&C9$",*+&01&,9*&,9*0+-J&0+F$'(k('F&,9*&
/$+@*,('F&*110+,J&(#&'0,&5(#C3##*5&13+,9*+H&
&
&
& =_
G* !%&W.7*
&
Y1!$%,-!D%/)$*'4!$%*!D%&-*1!3,$*'/$#'*!/1:!5*$%&:!/'*!:,-D#--*:!?&33&8*:!69!/1!,1$'&:#D$,&1!
&?!$%*!,1$*'+,*8**-<!@,1/3394!D',$,D,-5!$&8/':-!$%*!D%&-*1!5*$%&:!,-!)'*-*1$*:<!
&
!
!
="!# I?8*7(#8G#J*)(&%);&(#
S'&0+5*+&,0&F$('&@'0E%*5F*&$G03,&5(11*+*',&,9*0+(*#&$'5&,0&1('5&$""+0"+($,*&0'*J&,9*&$3,90+&
#*$+C9*5&10+&G00@#&$'5&$+,(C%*#&,9+03F9&,9*&S',*+'*,&$'5&1+0/&!""#$%$&!'()*+#(,-Q#&%(G+$+-&
5$,$G$#*&G-&3#('F&#*$+C9&E0+5#&5/'0*$,12!)3/11,124!-$'/$*2,D!)3/11,12!$'5!-5/33!6#-,1*--H&
I55(,(0'$%%-J&0%5&C03+#*&G00@#&E*+*&)(*E*5H&200@#&Q',1D,)3*-!&?!./'0*$,12&G-&B0,%*+&*,&
$%H&b:;;:c&$'5&"!@'/5*8&'0!?&'!./'0*$,12!./1/2*5*1$&G-&B0,%*+&b:;;=c&E*+*&C90#*'&53*&
,0&,9*&E(5*&$'5&E*%%6*L"%$('*5&)(*E&01&/$+@*,('F&,9*-&"+*#*',H&K0E*)*+J&,9*&*L$/"%*#&('&
,9*#*&G00@#&$+*&/$('%-&5(+*C,*5&,0&G(FF*+&C0/"$'(*#&$'5&,9*+*G-&$'&$+,(C%*&G-&2+00@#G$'@&
E$#&C90#*'&,0&F$('&#/$%%&G3#('*##&"*+#"*C,()*&,0&,9*&(##3*H&2+00@#G$'@Q#&$+,(C%*!M%*!$%*&'9!
/1:! )'/D$,D*! &?! 5/'0*$,12! )3/11,12! ,1! $%*! -5/33*'! 6#-,1*--& +*1*+#& ,0& /$'-& $3,90+#J&
('C%35('F&B0,%*+J&E90&9$)*&E+0,*&$G03,&/$+@*,('F&"%$''('F&$'5&,9*+*10+*&,9(#&$+,(C%*&C$'&
G*&C0'#(5*+*5&,+3#,E0+,9-H&
&
&
="9# I?8*7(#8G#$()?8B#
89*&$(/&01&,9(#&#,35-&+*N3(+*#&C0%%*C,('F&F+*$,&)$+(*,-&01&('10+/$,(0'&1+0/&5(11*+*',&$+*$#H&
S',*+)(*E('F&+(F9,&"*0"%*&E$#&G*%(*)*5&,0&G*&$(,$G%*&E$-&,0&F*,&+*%*)$',J&,+3,913%&$'5&3"6
,065$,*& ('10+/$,(0'& $G03,& ,9*& 5*#(F'& O*E*%+-& /$+@*,& $'5& (,#& $C,0+#H& M0'#*N3*',%-& $&
N3$%(,$,()*& /*,905& E$#& C90#*'& 10+& ,9(#& #,35-& ('& 10+/& 01& (',*+)(*E#& $'5& 0G#*+)$,(0'H&
?0+*0)*+J& #*C0'5$+-& 5$,$&E$#& C0%%*C,*5& ('& 0+5*+& ,0& F$('& $&E(5*+& $'5& C%*$+*+& "(C,3+*& 01&
[(''(#9& 5*#(F'J& (,#& /$+@*,J& $'5& ,9*& *')(+0'/*',$%& 1$C,0+#& ,9$,& /$-& 9$)*& $'& *11*C,& 0'&
C0'#3/*+#Q&G*9$)(0+&('&,9(#&/$+@*,H&
& =f
&
GABA;* +#'X"#3*/"&"*
4*)*+$%& #*/(6#,+3C,3+*5& (',*+)(*E#& E*+*& C0'53C,*5& ,0& C0%%*C,& "+(/$+-& 5$,$H& 89*#*&
(',*+)(*E#& 5(11*+*5& ('& 53+$,(0'J& C0',*',J& ,-"*& 01& C0//3'(C$,(0'& $'5& 3#*& 01& +*C0+5('F&
5*)(C*#H& S',*+)(*E**#& E*+*& C90#*'& G$#*5& 0'& ,9*(+& 3#*13%& @'0E%*5F*& 0+& *L"*+(*'C*& 01&
#3GO*C,#& +*%$,*5& ,0& ,9*& #,35-H& I%%& (',*+)(*E#J& *LC*",& 0'*J& E*+*& C$++(*5& 03,& ('& [(''(#9J&
/0,9*+&,0'F3*&01&G0,9&"$+,(*#H&89(#&E$#&50'*&('&0+5*+&,0&$)0(5&$'-&/(#3'5*+#,$'5('F&,9$,&$&
10+*(F'& %$'F3$F*& C03%5& C+*$,*H&I%%& 01& ,9*& (',*+)(*E**#& 10+& %0'F*+& 1$C*6,061$C*& (',*+)(*E#&
E*+*& C0',$C,*5& "+(0+& ,0& ,9*& $C,3$%& (',*+)(*EH& 89(#& F$)*& ,9*& (',*+)(*E*+& $& "0##(G(%(,-& ,0&
"+*#*',& ,9*&"3+"0#*&01& ,9*& #,35-&$'5& $#@& 10+&$& #3(,$G%*& ,(/*&$'5&"%$C*H&89*#*& (',*+)(*E#&
E*+*&C$++(*5&03,&('&(',*+)(*E**#Q&E0+@"%$C*#H&&
&
89*&(',*+)(*E*+&9$5&5+$1,*5&%(#,#&01&,0"(C#&b#**&$""*'5(L&=cJ&E9(C9&E*+*&3#*5&$#&$&G$#*&10+&
,9*& (',*+)(*E#H& 40/*& 01& ,9*& #3GO*C,#&E*+*& 5(#C3##*5& 53+('F& /0+*& ,9$'& 0'*& (',*+)(*E& ('&
0+5*+& ,0& F*,& G+0$5*+& $'5& )*+#$,(%*& )(*EH& S',*+)(*E**#& E*+*& $%%0E*5& $'#E*+& 1+**%-& $'5&
$55(,(0'$%& N3*#,(0'& E*+*& $#@*5& (1& $'#E*+#& +*/$('*5& 3'C%*$+H& 80& $)0(5& ,9*& (',*+)(*E*+&
*11*C,J&('&0,9*+&E0+5#&,9*&"0##(G%*&(/"$C,&,9$,&(',*+)(*E*+#&,0'*&01&)0(C*J&'0')*+G$%&#(F'#&
$'5C9&C03%5& 9$)*&0'& (',*+)(*E**#Q&$'#E*+& bM9+(#,($'#*'&*,&$%H&:;;=>=_<cJ& (',*+)(*E*+&
$,,*/",*5&,0&G*&$#&0GO*C,()*&$'5&'*3,+$%&$#&"0##(G%*&53+('F&,9*&(',*+)(*E#H&
&
89+**& 01& ,9*& (',*+)(*E#J& ,E0& ,0& 103+& ('& ,9*& 10%%0E('F& %(#,J&E*+*& +*C0+5*5& 3#('F&/('(5(#@&
+*C0+5*+H&?('(5(#@#&E*+*&%(#,*'*5Z+,%-&$1,*+&C0'53C,('F&(',*+)(*E#&$'5&5$,$&E$#&E+(,,*'&
50E'& ('& [(''(#9H& I'0,9*+& %(#,*'('F& 10%%0E('F& ,9*& ,*L,& $##3+*5& ,9$,& '0& (/"0+,$',&
('10+/$,(0'&E$#& %*1,&03,H&I1,*+& ,9(#J& ,9*&/$('& "0(',#&E*+*&C$+*13%%-& ,+$'#%$,*5& ('&R'F%(#9&
1+0/& ,9*&E+(,,*'& ,*L,& "$-('F& $,,*',(0'& ,0& ,9*& C0',*',& $'5& ,9*& ,0'*& 01& ,9*& $'#E*+#H&A0,*#&
E*+*&,$@*'&53+('F&0,9*+&(',*+)(*E#&$'5&,9*-&E*+*&+*E+(,,*'&('&13%%&#*',*'C*#�'&$1,*+&,9*&
(',*+)(*E#H&89(#&$##3+*5&,9$,&'0&+*%*)$',&('10+/$,(0'&E$#&%*1,&03,&0+&/(#(',*+"+*,*5&53*&,0&
'0,&3'5*+#,$'5('F&,9*&'0,*#H&&&
&
I55(,(0'$%& 5$,$& 01& ,9*& O*E*%+-&/$+@*,& ('&K*%#('@(&E$#& C0%%*C,*5& ('& 10+/&01& 0G#*+)$,(0'H&
89(#& 0G#*+)$,(0'& C0'#(#,*5& 01& )(#(,('F& 5(11*+*',& O*E*%+-& #,0+*#J& $'5& *L$/('('F& ,9*(+&
& =<
C0%%*C,(0'#H&?0+*0)*+J&0,9*+&,-"*#&01&G03,(N3*#&E*+*&)(#(,*5&('&0+5*+&,0&#**&,9*(+&(/$F*&$'5&
$,/0#"9*+*&$#&E*%%&$#&$#@&N3*#,(0'& +*%$,*5& ,0&,9*& #,35-& b#**&C9$",*+&G*%0EcH&A0,*#&E*+*&
,$@*'&53+('F&0+&+(F9,&$1,*+&/$@('F&0G#*+)$,(0'#H&
&
="9"!"!# E+)(&/*(.((0##
8E0& #*"$+$,*& ,*%*"90'*& (',*+)(*E#J& 10+,-& /('3,*#& *$C9J& E*+*& C0'53C,*5& E(,9& $& O*E*%+-&
5*#(F'*+&I''(('$&.3'5*+H&r3*#,(0'#& $#@*5& C0'#(5*+*5& 9*+& C3++*',& #(,3$,(0'& $#& $& O*E*%+-&
5*#(F'*+&$'5&9*+&O*E*%+-H&?0+*0)*+J	*&E$#&$#@*5&N3*#,(0'#&+*%$,*5&,0&,9*&0)*+$%%&O*E*%+-&
/$+@*,&('&K*%#('@(H&
&
I3%(& 430+,,(6U30+(0J& $& +*#*$+C9*+& 01&.*#(F'& [0+3/& [('%$'5J& $'5&I''$&U$+$@$#J& $& G+$'5&
/$'$F*+&01&.*#(F'&[0+3/&[('%$'5J&E*+*& (',*+)(*E*5&#(/3%,$'*03#%-& 10+& 10+,-&/('3,*#&,0&
F*,&1$/(%($+&E(,9&[(''(#9&5*#(F'J& (,#&9(#,0+-J& (,#&"$#,&$'5&C3++*',& (/$F*&$#&E*%%&$#&[(''(#9&
O*E*%+-&5*#(F'*+#Q&"0##(G(%(,(*#&('&[('%$'5&$'5&$G+0$5H&
&
?$+(& B$%%(0'"ssJ& $'& *L9(G(,(0'& C00+5('$,0+& 01& .*#(F'& [0+3/& [('%$'5& $'5& $& "$+,6,(/*&
O*E*%+-&5*#(F'*+J&E$#& (',*+)(*E*5& 10+&,E*',-&/('3,*#&$G03,&)$+($G%*#&C0'#(5*+('F&0)*+$%%&
O*E*%+-& /$+@*,& ('& K*%#('@(J& #3C9& $#& C0/"*,(,(0'J& C3#,0/*+#J& $'5& $""+*C($,(0'& 01& 5*#(F'&
O*E*%+-H&I55(,(0'$%%-J	*&E$#&$#@*5J&E9$,&$+*&,9*&/0#,&(/"0+,$',&1$C,0+#&10+&$&G*F(''('F&
O*E*%+-&5*#(F'*+H&&&
&
B$,(&B3O$'*'J&$&#,0+*&/$'$F*+&01&.*#(F'&[0+3/&490"J&E$#&(',*+)(*E*5&10+&,9(+,-&/('3,*#&
C0'C*+'('F&[(''(#9&5*#(F'J&O*E*%+-&/$+@*,&('&K*%#('@(J&C3#,0/*+#&E90&G3-&5*#(F'&O*E*%+-&
$'5&G3-('F&G*9$)(0+&01&,9*#*&C3#,0/*+#H&I55(,(0'$%%-J	*&E$#&$#@*5&N3*#,(0'#&+*%$,*5&,0&
.*#(F'&[0+3/&490"J&(,#&O*E*%+-&$##0+,/*',&$'5&.*#(F'&[0+3/&490"Q#&C+(,*+($&$#&$&+*,$(%*+H&&
&
40'O$& [%0E*+#J& $& O*E*%+-& 5*#(F'*+& $'5& 0'*& 01& ,9*& ,9+**& 0E'*+#& 01& T$%%*+($& B0+3J& E$#&
(',*+)(*E*5& 10+& ,E*',-& /('3,*#& C0'#(5*+('F& #$/*& (##3*#& $#& ,9*& (',*+)(*E& E(,9& B$,(&
B3O$'*'H& S'#,*$5& 01& $#@('F& N3*#,(0'#& $G03,& .*#(F'& [0+3/& 490"J& ,9*-& E*+*& 5(+*C,*5& ,0&
T$%%*+($&B0+3J&(,#&C3#,0/*+#&$'5&"+053C,&$##0+,/*',H&
&
& =`
M*C(%($& B$+%$'5*+J& $& 4E*5(#9& O*E*%+-& 5*#(F'*+J& E$#& $#@*5& N3*#,(0'#& C0'#(5*+('F& 1$C,0+#&
,9$,& G*F(''('F& O*E*%+-& 5*#(F'*+& #903%5& ,9('@& $G03,H& I55(,(0'$%%-J& #9*& E$#& (',*+)(*E*5&
$G03,&9*+&"+053C,#J&C3#,0/*+#J&5(#,+(G3,(0'&C9$''*%#&$'5&"+(C('FH&89(#&(',*+)(*E&%$#,*5&10+&
,9(+,-&/('3,*#&$'5&E$#&C0'53C,*5&('&4E*5(#9J&$#&(,&(#&,9*&'$,()*&%$'F3$F*&01&(',*+)(*E**H&
&
S'& $55(,(0'J& ,9+**& #90+,*+& ,*%*"90'*& (',*+)(*E#& $'5& ,9+**& #90+,*+& 1$C*6,061$C*& (',*+)(*E#&
E*+*&C0'53C,*5&,0&F*,&/0+*&#"*C(1(C&('10+/$,(0'&$G03,&.3'5*+&.*#(F'&B-&$'5&(,#&$C,()(,(*#&
$#&E*%%&$#&5(11*+*',&5(#,+(G3,(0'&"%$C*#&$'5&"+0/0,(0'&/*$'#H&20,9&,-"*#&01&(',*+)(*E#&9$5&
$&1$(+%-&('10+/$%&C9$+$C,*+H&[0%%0E('F&"*+#0'#&E*+*&(',*+)(*E*5>&K*(@@(&.3'5*+J&,9*&MRX&
01& .3'5*+& .*#(F'& B-p& A$''$& 4(%)0'*'J& $& "3+C9$#('F& $F*',& 01& 4,0C@/$''& 5*"$+,/*',&
#,0+*#Q& O*E*%+-p&?(%%$&Ks@@('*'J&$& 1$#9(0'&*5(,0+&01&8+*'5(&/$F$k('*p&4$+$&B$+%##0'&$'5&
A('$&B--9@-%s('*'6B$%%(0'(*/(J&#$%*#"*+#0'#&01&C%0,9('F&#,0+*&T$35*,*p&K*%('s&K$+(/$J&$&
#$%*#"*+#0'&01&C%0,9('F&$'5&$##*##0+&#,0+*&U$%@0('*'&R%*1$',,(H&
&
GABAB* M%9.(7"#3*/"&"*
4*C0'5$+-& 5$,$& E$#& /$('%-& C0%%*C,*5& 1+0/& E*G& #(,*#& $'5& +*"0+,#& ,9$,& E*+*& +*C*()*5&
,9+03F9&,9*/H&89(#&5$,$&(#&3#*5&"+(/$+(%-& 10+&G$C@F+03'5&('10+/$,(0'&01&[(''(#9&.*#(F'J&
.*#(F'& [0+3/& [('%$'5J& .*#(F'& .(#,+(C,& K*%#('@(J& 4,0C@/$''& $'5& T$%%*+($& B0+3H&
I55(,(0'$%%-J& $+,(C%*#& 1+0/& '*E#"$"*+#& E*+*& *L$/('*5& ('& 0+5*+& ,0& 1('5& *')(+0'/*',$%&
,+*'5#&,9$,&C03%5&9$)*&$'&(/"$C,&0'&,9*&#,35-&$'5&(,#&+*#3%,#H&
&
&
="=# I&*)*7*0F#H8.%&B0#I822(7)(B#4%)%#
89*& $3,90+& (#& $E$+*& 01& ,9*& "0##(G(%(,-& ,9$,& (',*+)(*E**#Q& +*%$,(0'& ,0& ,9*& #3GO*C,& C03%5&
('1%3*'C*& ,9*(+& $'#E*+#H& 4*C0'5$+-& 5$,$& C0%%*C,*5& 1+0/& ,9*& S',*+'*,& /(F9,& 9$)*& G**'&
#9$"*5& ('&$CC0+5$'C*&E(,9& ,9*&"3+"0#*&01& ,9*&E*G&#(,*#J&E9(C9& (#& '0,&0'%-& ,0& ('10+/& ,9*&
+*$5*+J& G3,& $%#0& ,0& "+0/0,*& ,9*& 0+F$'(k$,(0'& 0+& ,9*& C$3#*H& S'& 0+5*+& ,0& (F'0+*& ,9*&
"+0/0,(0'$%&/*##$F*&01&,9*&E*G&#(,*#&$#&E*%%&$#&,9*&"*+#0'$%&0"('(0'#&01&,9*&(',*+)(*E**#J&
('10+/$,(0'&C0'C*+'('F&#$/*&(##3*#&E$#&C0%%*C,*5&,9+03F9&5(11*+*',&/*$'#&E9*'&"0##(G%*H&
S'&"+$C,(C*J& ,9(#&E$#&50'*& G-& $#@('F&#(/(%$+&N3*#,(0'#& 1+0/&5(11*+*',& (',*+)(*E**#&$'5n0+&
& :;
G-& #*$+C9('F& $55(,(0'$%J& C0/"%*,('F& 0+& )*+(1-('F! ('10+/$,(0'& 1+0/& ,9*& S',*+'*,H& A0&
#(F'(1(C$',& 5(11*+*'C*#& $""*$+*5& G*,E**'& 5(11*+*',& #03+C*#H& K*'C*J& ('10+/$,(0'& +*C*()*5&
C$'&G*&C0'#(5*+*5&,0&G*&+*%($G%*H&
&
K0E*)*+J& 53*& ,0& C90#*'&/*,905& $& F+*$,& $/03',& 01& 5$,$& (#& G$#*5& 0'& "*+#0'$%& )(*E#& $'5&
*L"*+(*'C*#H&R)*'&,903F9&$&N3$%(,$,()*&/*,905&(#&+*F$+5*5&$#&,9*&/0#,(,$G%*&C0'#(5*+('F&
,9*& "3+"0#*& 01& ,9*& #,35-& $'5& ,9*& /$,*+($%& $)$(%$G%*J& (,& #903%5& G*& +*/*/G*+*5& ,9$,& ,9*&
+*#3%,#&01&,9*&#,35-&$+*&+$,9*+&$##3/",(0'#&,9$'&1$C,#H&
&
&
& :=
I* 5(",3Y'()*+W"0%*
&
Y1! $%,-! D%/)$*'4! $%*! ?,'-$! -*D$,&14!./'0*$,12!I*-*/'D%4! )'*-*1$-! $%*! *5),',D/3! ?,1:,12-! /-!
8*33! /-! ,1?&'5/$,&1! D&1-,:*',12! "11,,1/! A#1:*'T-! D#''*1$! -,$#/$,&1<! M%,-! :/$/! $&2*$%*'!
8,$%! $%*! $%*&'*$,D/3! ?'/5*8&'0!:,-D#--*:!*/'3,*'! /'*!2&,12! $&! ?#1D$,&1!/-!/!6/-*! ?&'! $%*!
'*-$!&?!$%*!$%*-,-<!Y1!$%*!-*D&1:!-*D$,&14!(KLM!"1/39-,-4!$%*!5/$*',/3!)'*-*1$*:!,1!$%*!?,'-$!
-*D$,&1! ,-! /1/39O*:! ,1! &':*'! $&! ?,1:! $%*! 5/,1! -$'*12$%-4! 8*/01*--*-4! &))&'$#1,$,*-! /1:!
$%'*/$-!?&'!7*8*3'9!:*-,21*'!"11,,1/!A#1:*'!?&33&8*:!69!/!-#55/',O,12!(KLM!D%/'$<!
!
&
&
@"!# $%&'()*+,#K(0(%&7?#
&
IA;A;* !"#$%&*"(7*460&.X%#0*
M3#,0/*+#& E90& "3+C9$#*#& 5*#(F'& O*E*%+-& $+*& /$('%-& ,9(+,-6-*$+60%5& E0/*'J& E90& )$%3*&
('5()(53$%&9(F96N3$%(,-&"+053C,#H&89*#*&"*0"%*&$+*&01,*'&(',*+*#,*5&('&5*#(F'&$'5&,9*+*10+*&
9*$+('F&$G03,&,9*&5*#(F'*+&C+*$,*#&,9*/&$55(,(0'$%&)$%3*H&r3*#,(0'#&$+*&01,*'&$#@*5&+*%$,*5&
,0&,9*&$F*J&"*+#0'$%(,-&$'5&9(#,0+-&01&,9*&5*#(F'*+H&b[%0E*+#&:;;fJ&B3O$'*'&:;;fc&
&
I'0,9*+&1$C,0+&,9$,&/(F9,&F*'*+$,*&/0+*&)$%3*&,0&,9*#*&C3#,0/*+#&(#&$&#,+0'F&G+$'5&53*&,0&
C0'#3/*+#& 9$)('F& G*C0/*&/0+*& G+$'56$E$+*&*)*'&E9*'&"3+C9$#('F& O*E*%+-& bB$%%(0'"ss&
:;;fJ& 4(%)0'*'& :;;fJ& B3O$'*'& :;;fcH& X'*& *L$/"%*& 01& ,9*& G+$'5Q#& ('1%3*'C*& C03%5& G*&
O*E*%+-& G-& R1)$& I,,%('FH& ICC0+5('F& ,0& B$%%(0'"ss& b:;;fc& ,9*-& $+*& '0,& ,9$,& #"*C($%& $'5&
,9*+*10+*	*&G*%(*)*#&,9$,&I,,%('FQ#&9(F9&#$%*#&$+*&53*&,0&9*+&#,+0'F&G+$'5H&K0E*)*+J&G+$'5&
(#&'0,&#**'&$#&$&'*C*##(,-&10+&$'&('5()(53$%&5*#(F'*+&$'5&('�/*&C$#*#&,9*&"*+#0'$%(,-&$'5&
9(#,0+-&01&$&5*#(F'*+&C$'&G*&/0+*&(/"0+,$',&,0&,9*&C3#,0/*+&,9$'&$&#,+0'F&G+$'5&bB3O$'*'&
:;;fJ&B$+%$'5*+&:;;fcH&
&
& ::
V9*'& (,& C0/*#& ,0& "+(C*& #*'#(,()(,-J& [%0E*+#& b:;;fc& G*%(*)*#& ,9$,& C3#,0/*+#& E90& )$%3*&
5*#(F'&3'5*+#,$'5&,9*&9(F9*+&"+(C*#&01&5*#(F'& O*E*%+-&+*%$,()*&,0&,9*&"+(C*#&01&F0%5&C9$('&
#,0+*#H& M0',+0)*+#($%%-J& /0#,& 01& ,9*& C0'#3/*+#& 50& '0,& C0/"+*9*'5& ,9*& $/03',& 01& ,(/*&
#"*'5&('&/$@('F&$'5&5*#(F'('F&9$'5(C+$1,&O*E*%+-H&S'&0,9*+&E0+5#J&,9*-&1**%&,9$,&,9*&"+(C*&
$#@*5& 10+& 5*#(F'& O*E*%+-& /$5*& 03,& 01& #(%)*+& (#& ,00& 9(F9J& E9(C9& %*$5#& ,9*/& "3+C9$#('F&
O*E*%+-& 1+0/& F0%5& C9$('& #,0+*#H& R)*'& ,903F9& ,9*& C0'#3/*+& F+03"& (',*+*#,*5& ('& 5*#(F'&
O*E*%+-&9$#&F+0E'&53+('F&,9*&"$#,&-*$+#J& (,&9$#&+*/$('*5&N3(,*&#/$%%&53*&,0&,9*&(##3*&,9$,&
,9*&)$%3*&01&5*#(F'&O*E*%+-&(#&'0,&F*'*+$%%-&3'5*+#,005H&
&
B3O$'*'& b:;;fc& C0'#(5*+#& ,9*& "+(C*& #*'#(,()(,-& /$,,*+& $'5& #,$,*#J& ,9$,& *)*'& ,903F9&
C0'#3/*+#&50&'0,&'0+/$%%-&C0/*&,0&.[4&*L"*C,('F&,0&G3-&C9*$"&"(*C*#&01& O*E*%+-J& ,9*(+&
C3#,0/*+#&$+*&/0+*&0+& %*##&"+(C*& #*'#(,()*H&49*&*L"%$('#& ,9$,& 10+&.[4Q#&C3#,0/*+#& +03'5&
93'5+*5&*3+0#& (#&$'&$CC*",$G%*&"+(C*& ,0&"$-& 10+&$&"(*C*&01& O*E*%+-J& G3,&E9*'& ,9*&"+(C*& (#&
9(F9*+& C3#,0/*+#& #"*'5& /0+*& ,(/*& *)$%3$,('F& ,9*& +*%$,(0'& G*,E**'& ,9*& "+(C*& $'5& ,9*&
"+053C,H&Y+(C*&(#&$& %*##& (/"0+,$',&1$C,0+&E9*'&O*E*%+-&(#&G03F9,&10+&$&#"*C(1(C&0CC$#(0'&0+&
$#&$&F(1,H&
&
U$+$@$#& b:;;fc& 5(#C3##*#& $'& $%,*+'$,()*& C90(C*& 10+&[(''(#9& O*E*%+-& 5*#(F'*+J&E9(C9& (#& ,0&
#,$+,&#*%%('F&$G+0$5&E9*+*&,9*&C0'#3/*+&F+03"&(#&G(FF*+H&R)*'&,903F9&(',*+*#,#&('&5(11*+*',&
C03',+(*#&)$+-&$#&,0&,9*&C3%,3+$%&9(#,0+-&01&,9*#*&C03',+(*#J&[(''(#9&5*#(F'&9$#&('&F*'*+$%&$&
"0#(,()*& (/$F*& $G+0$5H&I55(,(0'$%%-J& $""*$+$'C*& 01& [(''(#9& 5*#(F'& C03%5& $+03#*& (',*+*#,&
$'5&C3+(0#(,-& ('& 10+*(F'&C03',+(*#J& *#"*C($%%-& (1& ,9*& %0C$%#& 9$)*& '0,&9*$+5&0+& #**'& (,& 10+&$&
E9(%*H&49*&C0',('3*#J&,9$,&5*#(F'&+*%$,(0'#&G*,E**'&[('%$'5&$'5&D$"$'&9$)*&G**'&F005&10+&
$& %0'F& ,(/*& 53*& ,0& ,9*& $""+*C($,(0'& 01& #(/(%$+& *%*/*',#& ('& 5*#(F'H& 89(#& /$@*#& [(''(#9&
5*#(F'&)*+-&"0"3%$+&('&D$"$'H&
&
IA;AB* 4.XZ%&'&'.(*
.3'5*+& b:;;f$c& 1**%#& ,9$,& ('& $& %$+F*& #C$%*& #9*& (#& C0/"*,('F& $F$('#,& $%%& %3L3+-& "+053C,#J&
#3C9& $#& G*$3,-& ,+*$,/*',#J& *LC%3#()*& C%0,9('FJ& *%*C,+0'(C#& $'5& C0'C*+,& ,(C@*,#H& [%0E*+#&
b:;;fc&"+*#*',#&$'0,9*+&)(*E&10+&,9(#&(##3*H&49*&1**%#&,9$,&,9*&F0%5&C9$('&#,0+*#&F*,&,9*&/0#,&
01&,9*&"0,*',($%&C3#,0/*+#J&$'5&,9*+*G-&,9*-&$+*&#**'&$#&G(FF*#,&C0/"*,(,0+#H&89(#&)(*E&(#&
& :Z
/0,()$,*5&13+,9*+>&.3*&,0&,9*&('5()(53$%&#,-%*&01&5(11*+*',&O*E*%+-&5*#(F'*+#J&,9*(+&"(*C*#&01&
O*E*%+-&'0+/$%%-&$,,+$C,&5(11*+*',& ,-"*#&01&C0'#3/*+#H&B$%%(0'"ss&b:;;fc& ('&,3+'&G*%(*)*#&
,9$,&(,&(#&,9*&0,9*+&O*E*%+-&5*#(F'*+#J&/0#,%-&,9*&"*0"%*	*&#,35(*5&E(,9J&,9$,&$+*&9*+&/$('&
C0/"*,(,0+#H&K0E*)*+J&'0&#"*C(1(C&$C,(0'&(#&,$@*'&$F$('#,&,9*#*&$C,0+#&G*C$3#*&,9*-&50&'0,&
1**%&%(@*&+*$%&C0/"*,(,0+#&b.3'5*+&:;;f$J&[%0E*+#&:;;fJ&B$%%(0'"ss&:;;fcH&
&
A0'*&01&,9*&(',*+)(*E*5&O*E*%+-&5*#(F'*+#&#**&%0E6"+(C*&O*E*%+-&$#&,9*(+&C0/"*,(,0+#&53*&
,0&,9*&(5*$&01&'0,&C0/"*,('F&E(,9&"+(C*J&G3,&N3$%(,-&$'5&5*#(F'&b.3'5*+&:;;f$J&B$%%(0'"ss&
:;;fJ&B$+%$'5*+&:;;fcH&.*#"(,*&01& ,9(#J&B$+%$'5*+& b:;;fc&G*%(*)*#& ,9$,&$&5*#(F'*+& #903%5&
9$)*&$'&0)*+)(*E&01&,9*&E90%*&/$+@*,&('&0+5*+&,0&@**"&5(11*+*',($,('F&*)*'&1+0/&,9*&%0E6
"+(C*&O*E*%+-&E(,9&10+/&$'5&(5*$J&$'5&'0,&0'%-&E(,9&N3$%(,-H&&
&
V9*'& /$@('F& 0G#*+)$,(0'#& $G03,& "0##(G%*& C0/"*,(,0+#Q& O*E*%+-& ('& K*%#('@(J& (,& C0'#(#,#&
/0#,%-& 01& O*E*%+-& /$5*& 03,& 01& #(%)*+H& I55(,(0'$%%-J& 5(11*+*',& #,0'*#& $'5& G*$5& $+*&
C0//0'%-&3#*5&$#&/$('&0+&$55(,(0'$%&/$,*+($%#&10+&O*E*%+-H&X,9*+&"+*C(03#&/*,$%#&$+*&'0,&
3#*5&$#&01,*'&$#&/$,*+($%#&/*',(0'*5&$G0)*J&$'5&,9*&3#*&01&3'C0//0'&O*E*%+-&/$,*+($%#J&
#3C9&$#&%*$,9*+J&(#&+$+*H&.*#(F'&O*E*%+-&)$+(*#&('&#,-%*J&10+/&$'5&#(k*&1+0/&0'*&5*#(F'*+&,0&
$'0,9*+H&bXG#*+)$,(0'&:;;fc&&
&
IA;AG* /%0')(%#^0*+#%#%_6'0'&%*
89(#& "$+,& 01& ,9*& /$+@*,('F& "%$''('F& "+0C*##& '0+/$%%-& "+*#*',#& ,9*& "+*+*N3(#(,*& 01& $&
C0/"$'-H& K0E*)*+J& ('& ,9(#& ,9*#(#& ,9*& C9$",*+& 5*#(F'*+Q#& "+*+*N3(#(,*& 5(#C3##*#& $G03,&
5(11*+*',& "0##(G(%(,(*#& $#& ,0& "%$C*& $'5& "+0/0,(0'& 10+& $'& ('5()(53$%& 5*#(F'*+& $#& E*%%& $#&
1$C,0+#&,9$,&(/"$C,&0'&,9*&"+(C*&01&,9*&"(*C*#&01&O*E*%+-H&
&
@"!"="!# :2%7(#
V9*'&C0'#(5*+('F&,9*&"0##(G%*&#*%%('F&"%$C*#&10+&5*#(F'&O*E*%+-&('&K*%#('@(J&103+&5(11*+*',&
,-"*#& 01& #,0+*#& 9$)*& G**'& G+03F9,& 3"& 53+('F& ,9*& (',*+)(*E#H& 89*#*& +*"+*#*',$,()*& #,0+*#&
9$)*& 13+,9*+& G**'& C90#*'& G*C$3#*& ,9*-& E03%5& *'9$'C*& ,9*& E$',*5& (/$F*& 01& .3'5*+Q#&
O*E*%+-H&.3'5*+&"+053C,#&$+*&$%+*$5-&0'&#$%*& ('&,9*& 1(+#,& ,E0&#,0+*#&"+*#*',*5&G*%0EH&89*&
& :\
,9(+5& $'5& 103+,9& +*"+*#*',& '*E& @('5#& 01& #*%%('F& "%$C*J& G*C$3#*& ,9*-& 5(11*+& $#& ,0& ,9*&
$##0+,/*',J&#(k*&$'5n0+&#,-%*H&
&
IA;AGA;A;* /%0')(*P.#6X*MW.Z*
.*#(F'&[0+3/&490"&b.[4c&E0+@#&$#&$'&*L9(G(,(0'&$'5&$ZEC$#*&10+&[(''(#9&9$'5(C+$1,H&
89*& /$('& "3+"0#*& 01& (,& (#& ,0& /$@*& $& C0',$C,& G*,E**'& 0+5('$+-& [(''(#9& C0'#3/*+& $'5&
[(''(#9&.*#(F'H&?0+*0)*+J& ,03+(#,#& )(#(,&.[4&53+('F& ,03+(#,& #*$#0'H&.3*& ,0& ,9*#*& 1$C,0+#&
.[4Q#&#$%*#"*+#0'#&$+*&#*+)(C*&0+(*',*5J&$'5&('10+/&C3#,0/*+#&$G03,&,9*&"+053C,#&$'5&,9*&
5*#(F'*+#H!89*&0)*+$%%&#*%*C,(0'&01&.[4& (#&C0/"0#*5&01&N3$%(,-& (,*/#&01&F%$##J&E005&$'5&
C*+$/(C#J&,*L,(%*#J& ('53#,+($%&5*#(F'J&"3G%(C$,(0'#&$'5&O*E*%+-J&E9(C9&$%%&$+*&=;;t&[(''(#9&
5*#(F'H& R)*'& ,903F9& .[4& 0'%-& #*%%#& 9(F9& N3$%(,-& "+053C,#& (,#& $##0+,/*',& ('C%35*#J& ('&
$55(,(0'& ,0&9(F9*+&"+(C*&$+,(C%*#J& *)*'& ('*L"*'#()*& #03)*'(+#& 10+& ,03+(#,#H& bB3O$'*'&:;;fJ&
.*#(F'&[0+3/&[('%$'5&:;;_Gc&
&
.[4&9$#&$&E(5*&)$+(*,-&01&5*#(F'&O*E*%+-&,9$,&C0'#(#,#&01&('5()(53$%&5*#(F'*+#Q&#/$%%&G$,C9&
C0%%*C,(0'#& $'5& 5(#,('C,& "(*C*#& 01& O*E*%+-J& /0#,%-& /$5*& 03,& 01& #(%)*+H& M0'#*N3*',%-J& (,#&
#*%*C,(0'&(#&/0+*&#"*C($%&$'5&3'(N3*&,9$'&,9*&0'*#�%5&('&O*E*%+-&C9$('&#,0+*#H&I%%&"(*C*#&
01& O*E*%+-& ('& .[4& $+*& #0%5& 0'& #$%*#& $CC03',J& $'5& .[4& F*,#& 10+,-& "*+C*',#& C0',+(G3,(0'&
/$+F('&01&O*E*%+-Q#&#*%%('F&"+(C*&G*10+*&,9*&)$%3*&$55*5&,$L&bUI8cH&bB3O$'*'&:;;fc&
&
IA;AGA;AB* L",,%#'"*V.#6*
d89*&C0',*/"0+$+-&gO*E*%+-i&5*#(F'#&01&T$%%*+($&B0+3&G+('F&$&3'(N3*&$'5&,(/*%*##&,03C9&,0&
*)*+-&0CC$#(0'e& bT$%%*+($&B0+3&:;;fcH& S,#&$##0+,/*',&C0'#(#,#&01& O*E*%+(*#& G-&=;&[(''(#9&
O*E*%+-& 5*#(F'*+#& $'5& F0%5#/(,9#H& [()*& 01& ,9*/& E0+@& $#& #$%*#"*+#0'#& ('J& $'5& +*',& $&
E0+@,$G%*& 1+0/& T$%%*+($& B0+3H& TB& F*,#& 10+,-& "*+C*',& C0',+(G3,(0'& /$+F('& 01& $%%& ,9*&
"+053C,#�%5H&89(#&10+,-&"*+C*',#&/$+F('&(#&C$%C3%$,*5&1+0/&,9*&1('$%&"+(C*&('C%35('F&UI8H&
b[%0E*+#&:;;fJ&.3'5*+&:;;f$c&
&
&
&
& :]
IA;AGA;AG* L"67%&%*
T$35*,*&(#&$&#/$%%&C%0,9('F&G03,(N3*&%0C$,*5&('&C*',+$%&K*%#('@(H&S,#&$##0+,/*',&C0'#(#,#&01&
C%0,9('F&G+$'5#&01&F005&N3$%(,-C9&$#&IC'*J&23+G*++-&$'5&[+*'C9&M0''*C,(0'H&M3#,0/*+#&
01&T$35*,*&$+*&,E*',-&,0&#*)*',-6-*$+60%5&G+$'56$E$+*&E0/*'&E90&$""+*C($,*&N3$%(,-&$'5&
('5()(53$%(,-& ('& C%0,9*#H& M0'#*N3*',%-J& "+(C*& (#& '0,& $'& (##3*& E9*'& ,9*#*& C3#,0/*+#& 1('5&
#0/*,9('F&,9$,& ,9*-& %(@*& 1+0/&T$35*,*H&bB$+%##0'&:;;fJ&B--9@-%s('*'6B$%%(0'(*/(&:;;fJ&
XG#*+)$,(0'&:;;fc&
&
S'& $55(,(0'& ,0& C%0,9*#J&T$35*,*& 9$#& 1*E&"(*C*#& 01& 1$#9(0'& O*E*%+-& ,9$,& $+*& #0%5& 0'& #$%*#&
$CC03',H& 4$%*#"*+#0'#& G*%(*)*& ,9$,& (,& (#& $'& $5)$',$F*& (1& C3#,0/*+& C$'& 1('5&E90%*& 03,1(,J&
('C%35('F&C%0,9*#&$'5&$CC*##0+(*#J&1+0/&0'*&"%$C*H&89*-&9$)*&,903F9,&01&,9*&"0##(G(%(,-&01&
#,$+,('F&,0&#*%%&/0+*&O*E*%+-&('&T$35*,*J&G3,&,9(#& (5*$&9$#&'0,&-*,&G**'&5*)*%0"*5&13+,9*+H&
bB$+%##0'&:;;fJ&B--9@-%s('*'6B$%%(0'(*/(&:;;fc&
&
IA;AGA;AI* M&.9$X"((*
4,0C@/$''&(#&$&C3#,0/*+&#*+)(C*&0+(*',*5&5*"$+,/*',&#,0+*J&E9(C9&011*+#&N3$%(,-&"+053C,#H&
89*+*&$+*& #*)*'&4,0C@/$''&5*"$+,/*',& #,0+*#& ('&[('%$'5&$'5&#(L&$G+0$5>& 103+& ('&P3##($J&
0'*&('&8$%%(''&$'5&0'*&('&P(F$H&89*&O*E*%+-&#*C,(0'&('&K*%#('@(&5*"$+,/*',&#,0+*&(#&5()(5*5&
('&,E0>&[$#9(0'& O*E*%+-&$'5& O*E*%+-&/$5*&03,&01&"+*C(03#&/$,*+($%#H&4,0C@/$''&C0'C*+'&
9$#& #*"$+$,*&"3+C9$#('F&$F*',#& 10+& ,9*#*& O*E*%+-& C$,*F0+(*#J& $'5& ,9*-&C900#*& ,9*& O*E*%+-&
10+& $%%& ,9*& 4,0C@/$''& 5*"$+,/*',& #,0+*#H& Y+*C(03#& /$,*+($%& O*E*%+-& (#& '0,& #0%5& ('&
4,0C@/$''&5*"$+,/*',&#,0+*#&('& 10+*(F'&C03',+(*#H&b4,0C@/$''&:;;f$&u&:;;fGJ&4(%)0'*'&
:;;fc&
&
4(%)0'*'& b:;;fcJ& ,9*& "3+C9$#('F& $F*',& 10+& O*E*%+-& 01& "+*C(03#& /$,*+($%#J& 5(#C3##*#& ,9$,&
#0/*&"(*C*#& 01& O*E*%+-& #0%5& ('&4,0C@/$''& $+*& G03F9,& ('J&E9(%*& 0,9*+#& $+*& #0%5& 0'& #$%*#&
$CC03',H& 4,0C@/$''& '0+/$%%-& +03'5& 93'5+*5& 0+& ,E0&93'5+*5#& "(*C*#& ,$@*#& 10+& #$%*& $,& $&
,(/*J&$'5&('&C$#*&01&C$/"$(F'&"+053C,#&,9*&$/03',&C$'&G*&*)*'&9(F9*+H&[3+,9*+/0+*J&,9*#*&
+*"*+,0(+*&C0%%*C,(0'#·%5&C0'#(#,&01&50k*'#&01&"(*C*#H&M0'#*N3*',%-J&E9*'&C0'#(5*+('F&
'*E&O*E*%+-""%(*+#&4,0C@/$''&(#& (',*+*#,*5&('&,9*&0'*#&,9$,&C$'""%-&%$+F*+&$/03',#&
01& O*E*%+-H& I55(,(0'$%%-J& 4(%)0'*'& /*',(0'#& ,9$,& '*E& #3""%(*+#& #903%5& $%+*$5-& 9$)*&
& :_
*#,$G%(#9*5&,9*/#*%)*#& ('&,9*&/$+@*,&G-&#*%%('F& O*E*%+-&0+&$%,*+'$,()*%-&9$)*&/*+(,#& 1+0/&
0,9*+&$+*$#JC9&$#&$&#,+0'F&C%0,9('F&G+$'5H&
&
@"!"="9# :&8F8)*8+#
.(11*+*',&E$-#&,0&"+0/0,*&$'& ('5()(53$%& O*E*%+-&5*#(F'*+&C$/*&3"&53+('F&,9*& (',*+)(*E#H&
B$%%(0'"ss& b:;;fc& #,+*##*#& ,9*& (/"0+,$'C*& 01& 5*#(F'*+Q#& 0E'& E*G& #(,*H& ICC0+5('F& ,0&
B$+%$'5*+&b:;;fcJ&O*E*%+-&5*#(F'*+Q#&E*G&#(,*&E0+@#&$#&$&#$/"%*&10+&,9*&1('$%&C0'#3/*+#&$#&
E*%%&$#&10+&"0##(G%*&+*,$(%*+#H&I55(,(0'$%%-J&,9*&"0#(,()*&*11*C,&01&1$/03#&"*0"%*&$'5&"3G%(C&
1(F3+*#& E*$+('F& 5*#(F'*+Q#& "(*C*#& 01& O*E*%+-& E$#& /*',(0'*5H& X'*& /0+*& 1$C,0+& ,9$,& (#&
*##*',($%& 10+& G*F(''('F& $'5& *)*'& 10+&/0+*& *L"*+(*'C*5& 5*#(F'*+#& (#& #90E('F& ('& 5(11*+*',&
/$F$k('*#&$'5&0CC$#(0'#JC9&$#&C0/"*,(,(0'#J&*)*',#&$'5&*L9(G(,(0'#H&[0+&*L$/"%*J&E9*'&
.[4& %0$'& O*E*%+-& ,0& 5(11*+*',& /$F$k('*#J& (,& +*#3%,#& "*0"%*& C$%%('F& $'5& C0/('F& ,0& .[4&
%00@('F& 10+& ,9*#*& "+053C,#H& bB$%%(0'"ss& :;;fJ& B$+%$'5*+& :;;fJ& B3O$'*'& :;;fJ& U$+$@$#&
:;;fJ&430+,,(6U30+(0&:;;fc&S'&E9$,&E$-#&C$'&$'&('5()(53$%&5*#(F'*+&F*,&('&C0',$C,&E(,9&,9*&
#3(,$G%*&/$F$k('*#q&
&
ICC0+5('F&,0&?(%%$&Ks@@('*'&b:;;fcJ&$&1$#9(0'&*5(,0+&01&/0',9%-&8+*'5(&/$F$k('*J&,9*/*#&
$'5& #3GO*C,#& 10+& $+,(C%*#& $+*& @'0E'& ,9+**& ,0& #(L& /0',9#& G*10+*& /$F$k('*& C0/*#& 03,H&
M0'#*N3*',%-J&"+053C,#&$+*&01,*'&C0%%*C,*5&1+0/&YP&1(+/#J&E9(C9&C$'&"+0)(5*&1$#9(0'$G%*&
"+053C,#&*)*'&%0'F&,(/*&('&$5)$'C*H&I%,*+'$,()*%-J&(,&(#&"0##(G%*&,9$,&1$#9(0'&*5(,0+#&C0',$C,&
#/$%%*+&G03,(N3*#&E9*+*&,9*-&G*%(*)*&,0&1('5&"+053C,#&,9$,&1(,&,0&,9*&(/$F*&01&,9*&$+,(C%*&0+&
1$#9(0'&'3/G*+H&49*&$%#0&/*',(0'#&,9$,&53*&,0&,9*&,(/*&1+$/*&*L9(G(,(0'#&$'5C9&$+*&'0,&
,9*&@('5&01&(,*/&,9*-&'0+/$%%-&E+(,*&$G03,H&ICC0+5('F&,0&9*+J&,9*#*&@('5#&01&(,*/#&$+*&/0+*&
#3(,$G%*&10+&/$F$k('*#&,9$,&9$)*&/0+*&1+*N3*',&C(+C3%$,(0'H&
&
K*%('s&K$+(/$&b:;;fcJ&$&#$%*#"*+#0'&01&U$%@0('*'&R%*1$',,(J& ('&,3+'&G*%(*)*#&,9$,&,9*&G*#,&
C0',$C,#& E(,9& ,9*& /$F$k('*#& $+*& "*+#0'$%H& 89*& "+053C,#& #0%5& ('& C%0,9('F& $'5& $##*##0+&
G03,(N3*& U$%@0('*'& R%*1$',,(& $+*& 01,*'& #90E'& ('& 5(11*+*',& /$F$k('*#& 53*& ,0& "*+#0'$%&
C0',$C,#H&ICC0+5('F&,0&9*+J&$'& ('5()(53$%&5*#(F'*+·%5&#**@&C0',$C,&G-&#*'5('F&*6/$(%&
E(,9&"(C,3+*#&01&"+053C,#&011*+*5H&[$C*6,061$C*&C0',$C,&E03%5&G*&/0+*&"*+#0'$%&E$-&,0&F*,&
& :f
('&,03C9&E(,9&,9*&E$',*5&"*0"%*J&G3,&53*&,0&,9*(+&G3#-&#C9*53%*#J	*&G*%(*)*#&,9$,&*6/$(%&(#&
$&/0+*&+*$%(#,(C&E$-&,0&+*$C9&,9*/H&
&
@"!"="=# :&*7(#
ICC0+5('F&,0&.3'5*+&b:;;fGc&10%%0E('F&1$C,0+#·%5&G*&,$@*'&(',0&$CC03',&E9*'&#*,,('F&
$&"+(C*&10+&$&"(*C*&01&O*E*%+->&&
&
• 89*&$/03',n#9$+*&01&+$E&/$,*+($%#JC9&$#&C9$('#J&/$,*+($%#&$'5&/0%5('F&E0+@#&&
• 8(/*&3#*5&('&/$'31$C,3+('F&L&903+%-&+$,*H&I%,*+'$,()*%-&C0#,#&01GC0',+$C,('F&
• M9$+F*&10+&5*#(F'('F&5()(5*5&G-&,9*&N3$',(,-&01&,9*&"+053C,#&/$'31$C,3+*5&
• X,9*+&0"*+$,('F&C0#,#JC9&$#&('#3+$'C*J&+*',J&,*%*"90'*&G(%%&$'5&,00%#J&$+*&5()(5*5&
G-&,9*&$/03',&01&C0%%*C,(0'#&"+053C*5&$'5&13+,9*+&G-&,9*&)0%3/*&01&,9*&"(*C*#&01&
O*E*%+-&
• ?$+F('#&01&,9*&)*'50+&)$+-&G*,E**'&:;6\;tJ�&,9*&+*,$(%&/$+F('&(#&C$%C3%$,*5&&
& G-&$55('F&Z;t&,0&,9*&,0,$%&$/03',&01&,9*&"+*)(03#&C$%C3%$,(0'#&
• [('$%%-J&::&t&UI8&(#&$55*5&0'&,0"&01&,9*&"+(C*&
&
S'& $55(,(0'& ,0& 1$C,0+#& /*',(0'*5& $G0)*J& $& 5*#(F'*+& #903%5& ,$@*& (',0& C0'#(5*+$,(0'& ,9*&
0)*+$%%&"+(C*&%*)*%&01&5*#(F'&O*E*%+-&b.3'5*+&:;;fGJ&[%0E*+#&:;;fcH&
&
IA;AI* D(\'#.(X%(&*`*D9.(.X'9",*"(7*M.9'",*-"9&.#0*
S'&+*1*+*'C*&,0&$'&$+,(C%*&('&I$/3%*9,(&b:;;f>I=]cJ&E9(C9//$+(k*5&0"('(0'#&01&[(''(#9&
*C0'0/(#,#& P$(O$&U0%@J& Y$#(& 40+O0'*'J&?$+@3#& 7$9,('*'& $'5& D$+(&K0'@0J& ,9*& F+0E,9& 01&
E0+%5& *C0'0/-& 9$#& G**'& #(F'(1(C$',& ,9+03F903,& "$#,& -*$+#J& $'5& ('& [('%$'5& -*$+& :;;f&
G*%0'F#& ,0& 0'*& 01& ,9*& F005& *C0'0/(C$%& -*$+#& ('& ,9*& +*C*',& 9(#,0+-H& 89*& F+0E,9& ('&
"+053C,()(,-&$#&E*%%&$#&('&*/"%0-/*',&E$#&"0#(,()*J&$'5&('C+*$#*&('&"3+C9$#('F&"0E*+&9$5&
$'&*11*C,&0'&"*0"%*#Q&*L"*'5(,3+*&$'5&G3-('F&G*9$)(0+H&X'&,9*&0,9*+&9$'5J& (,&$""*$+#&,9$,&
,9*&3'C0//0'%-&#,+0'F&*C0'0/(C$%&F+0E,9&(#&F0('F&,0&#%0E&50E'&('5*,*+/('$,*&$/03',&('&
,9*& '*$+& 13,3+*H& .*#"(,*& 01& ,9(#J& ,9*#*& 103+& *C0'0/(#,#& 50& '0,& G*%(*)*& ,9$,& ,9*& #%0E('F&
*C0'0/(C$%&F+0E,9&E(%%&%*$5&,0&*C0'0/(C$%&/*%,50E'&0+&+*C*##(0'H&
& :<
&
V9*'&,9('@('F&$G03,&,9*�C($%&1$C,0+#J&430+,,(6U30+(0&b:;;fc&5(#C3##*#&,9$,&C0/"$+*5&,0&
/$'-&0,9*+&'$,(0'$%(,(*#&[(''#&$+*&/0+*&/05*#,J&$'5&,9*+*G-&,9*-&50&'0,&E$',&,0&#,$'5&03,&
1+0/& ,9*& +*#,H& 49*& C0',('3*#J& ,9$,& *)*'& ,903F9& [(''(#9& "*0"%*& 9$)*& G*C0/*& E*$%,9(*+&
E(,9('&"$#,&-*$+#&,9*-&50&'0,&'*C*##$+(%-&E$',&,0ZE&(,&G-&9$)('F&10+&*L$/"%*&*L"*'#()*&
O*E*%+-H&B3O$'*'&b:;;fc&$'5&U$+$@$#&b:;;fc&('&,3+'&1**%&,9$,&E*$+('F&O*E*%+-&9$#&C9$'F*5&
1+0/&G*('F&E0+'&0'%-& ('&#"*C($%&0CC$#(0'#&,0&/0+*&C$#3$%&3#*H&?0+*0)*+J&[(''(#9&"*0"%*&
$+*&'0,&,9$,	-&,0ZE&,9*(+&"*+#0'$%(,-&$#&*$+%(*+H&
&
IA;AN* 5((''("*/6(7%#*
I#& /*',(0'*5& ('& ,9*& C9$",*+& =H]H=J& I''(('$& .3'5*+& /$@*#& #/$%%& G$,C9& "+053C*5&
C0%%*C,(0'#& $'5& 3'(N3*& C3#,0/6/$5*& "(*C*#& 01& O*E*%+-H& .3'5*+& b:;;fGc& /*',(0'#& ,9$,&
(5*$%%-& #9*&E03%5& %(@*& ,0& C0'C*',+$,*& 0'%-& 0'&/$@('F& C3#,0/(k*5& O*E*%+-J& G3,& ,9*& "+(C*&
('#*'#(,()*&C3#,0/*+#&E90&$""+*C($,*&,9*&)$%3*&01&9$'5(C+$1,&$+*&5(11(C3%,&,0&1('5H&M3++*',%-&
C3#,0/(k*5&"+053C,#&$+*&/$5*&$'5�%5&0'%-&0CC$#(0'$%%-&$'5&$+*&,93#&,9*&/('0++C*&01&
"+01(,&10+&.3'5*+&.*#(F'H&M0'#*N3*',%-J&.3'5*+Q#&$(/&$,&,9(#&"0(',&(#&,0&/$@*&/0#,&"+01(,&
03,&01&C0%%*C,(0'&O*E*%+-H&
&
I,& ,9*&/0/*',J&.3'5*+&9$#& 1()*&C0%%*C,(0'#J&E9(C9&*$C9& ('C%35*#& ,E0&,0& #(L&"(*C*#H&89*&
,9*/*#&$'5&/$,*+($%#&3#*5&)$+-&1+0/&0'*&C0%%*C,(0'&,0&$'0,9*+J&G3,&,9*+*&(#&$&1$C,0+J&'$/*%-&
$&+*"*$,('F&#-/G0%	$"*J& ,9$,&C0''*C,#&$%%&.3'5*+Q#&C0%%*C,(0'& O*E*%+-H&[0+&*L$/"%*&,9*&
"(*C*#&01&B*''0&C0%%*C,(0'&b#**&$""*'5(L&:c&/$5*&03,&01&#(%)*+&$+*&+*"*$,('F&,9*& 10+/&01&
90'*-C0/GH&.3*&,0&,9*&/$,*+($%&$'5&/0+*&C%$##(C&#,-%*&,9(#&C0%%*C,(0'&(#(,$G%*&10+&E(5*+&
F+03"&01&C0'#3/*+#H&B%*0"$,+$&C0%%*C,(0'& b#**& $""*'5(L&Zc& ('& ,3+'& (#&/0+*&*L,+$0+5('$+-&
$'5&+*N3(+*#&#,+0'F&"*+#0'$%(,-&1+0/&(,#&0E'*+H&89*&/$('&/$,*+($%&01&B%*0"$,+$&O*E*%+-&(#&
+*('5**+& %*$,9*+& $'5& (,& (#& C0/G('*5& E(,9& #(%)*+H& bT$%%*+($& B0+3& :;;fJ& .3'5*+& :;;fGJ&
0G#*+)$,(0'c&
&
89*& C0%%*C,(0'& O*E*%+-& (#& C3++*',%-& #0%5& ('& ,E0& #,0+*#& ('& C*',+$%&K*%#('@(>&.*#(F'& [0+3/&
490"&$'5&T$%%*+($&B0+3&#,0+*n&O*E*%+-&E0+@#90"&b"+*#*',*5&\H=HZH=cH&.3'5*+&*L"%$('#&,9$,&
,9*&$(/&(#&,0&9$)*&,E0&"(*C*#&01&*$C9&"+053C,&('&.[4&$,&$&,(/*H&X'*&(#&('&,9*ZEC$#*&$'5&
& :`
,9*& 0,9*+& (#& ,9*+*& ('& C$#*& ,9*& 1(+#,& 0'*& F*,#& #0%5H& 40/*,(/*#& 5*#(F'*+#& $+*& ('10+/*5& G-&
"90'*&E9*'&0'*&0+&G0,9&"(*C*#&9$)*&G**'�%5J&G3,&0,9*+&,(/*#&.[4&50*#&'0,&C0',$C,&,9*&
5*#(F'*+& G*10+*& #*'5('F& $& +*"0+,& 01& ,9*& "(*C*#& 01& O*E*%+-& #0%5H& 89(#& +*"0+,& (#& #*'5& ,0&
5*#(F'*+#&*)*+-&0,9*+&/0',9H&S'&0+5*+&,0&"+*)*',&9*+&"(*C*#&01&O*E*%+-&+3''('F&03,&.3'5*+&
)(#(,#&0+&C0',$C,#&.[4&*)*+-&0'*#&('&$&E9(%*&$'5&C9*C@#&0+&$#@#&$G03,&,9*&#(,3$,(0'&01&9*+&
O*E*%+-H&b.3'5*+&:;;fGc&
&
S'&$55(,(0'&,0&,9*&C0%%*C,(0'&O*E*%+-&*)*'&C3#,0/6/$5*&O*E*%+-&C$'&G*&0+5*+*5&('&T$%%*+($&
B0+3J&E9*+*&.3'5*+&9$#&$&+*',$%&E0+@,$G%*H&2*C$3#*&.3'5*+&(#&/$@('F&O*E*%+-&('&T$%%*+($&
B0+3& #9*& 9$#& ,9*& "0##(G(%(,-& ,0& $55& "(*C*#& 01& O*E*%+-& ,0& ,9*& #90EC$#*& $#& ,9*-& $+*& #0%5H&
K0E*)*+J& ('& ,9*& G*F(''('F& 01& [*G+3$+-& .3'5*+& $'5& 9*+& 1+(*'5& D$$'$& U(+,$'*'& 0"*'& $&
O*E*%+-& 5*#(F'& $F*'C-& bD.Ic& 0'*& @(%0/*,*+& 03,#(5*& 01& K*%#('@(& C(,-& C*',*+H& 89*& /$('&
"3+"0#*&01&D.I&(#&,0&E0+@&$#&E0+@#90"&10+&.3'5*+&$'5&U(+,$'*'J&G3,& (,&E(%%&*)*'&9$)*&$&
#/$%%& G03,(N3*& E(,9& 5*#(F'& O*E*%+-& #90EC$#*#<!.*#"(,*& 01& /0)('F& 9*+& E0+@"%$C*& ,0& $&
5(11*+*',& %0C$,(0'&.3'5*+&G*%(*)*#&,9$,&C0//3'(C$,(0'&E(,9&T$%%*+($&B0+3&$G03,&"+053C,#&
#0%5&E(%%&13'C,(0'&*11*C,()*%-&*)*'&('&,9*&13,3+*H&b.3'5*+J&:;;fGc&
&
@"!"A"!# K(08;&7(0#
M9$",*+&=H]H=&5(#C3##*5&.3'5*+&G*('F&/0+*&5*"*'5$G%*&0'& ,(/*& +*#03+C*#& ,9$'& 1('$'C($%&
+*#03+C*#&53*&,0&,9*&1$C,&,9$,&9$'56/$5*&"+053C,(0'&+*N3(+*#&,(/*&$'5&,9$,&$& %$+F*&"$+,&01&
/$,*+($%#&3#*5&$+*&'0,&*L"*'#()*H&K0E*)*+J&*)*'&1('$'C($%&+*#03+C*#&$+*&'**5*5&('&0+5*+&,0&
"+053C*&O*E*%+-H&S1&.3'5*+&50*#&'0,&9$)*&,9*&$/03',&'**5*5&,0&G3-&('&+$E&/$,*+($%#&$'5&
"$-& 0"*+$,('F& C0#,#J& 0+& '**5#& ,0& /$@*& G(FF*+& (')*#,/*',#J& #9*& 9$#& ,E0& 0",(0'#>& $&
E(,95+$E$%n%0$'&1+0/&..B&0+&$&%0$'&1+0/&$&G$'@H&V9*'&C0'#(5*+('F&,9*&%3C+$,()*'*##&01&
,9*#*& ,E0& 0",(0'#J& ,9*& 10+/*+& (#& %*##& *L"*'#()*& 53*& ,0& ,9*& +*%$,()*%-& 1%*L(G%*& /0'*-&
,+$'#$C,(0'#& G*,E**'& ..B& $'5& (,#& "$+,'*+#J& E9(C9& /$@*#& (,& "0##(G%*& ,0& "+0& ,*/"0+*&
E(,95+$E&1+0/J&$'5&+*5*"0#(,&(',0&..BJ&E(,903,&"$-('F&$'&(',*+*#,H&K0E*)*+J&,9*&$/03',&
01&E(,95+$E$%&1+0/&..B&C$''0,&*LC**5&,9*&$/03',&01& (')*#,/*',&,9$,&.3'5*+&9$#&/$5*&
('&..BH&I& %0$'& 1+0/&$& G$'@& ('& ,3+'&C$'& G*& %$+F*+& ,9$'& ,9*&E(,95+$E$%J& G3,& ('& ,9(#&C$#*&
.3'5*+&'**5#&,0&C0')('C*&,9*&G$'@&('&0+5*+&,0&F*,&,9*&%0$'&$#&E*%%&$#&"$-&$'&(',*+*#,&0'&,0"&
01&,9*&/0'*-&%0$'*5H&b.3'5*+&:;;f&GJ&K*(@@(&.3'5*+&:;;<c&
& Z;
&
V9*'& C0'#(5*+('F& ,9*& #C$+C*& ,(/*& (##3*J& $%#0& 5(#C3##*5& ('& C9$",*+& =H]H=J& $'5& #0%)('F& (,J&
.3'5*+& 9$#& ,903F9,& $G03,& #,$+,('F& ,0! #3GC0',+$C,& ,9*& "+053C,(0'& 01& C0%%*C,(0'& O*E*%+-& ,0&
0,9*+& N3$%(1(*5& O*E*%+-& 5*#(F'*+#& $'5n0+& F0%5#/(,9#& ('& [('%$'5H& .3*& ,0& ,9*& C0''*C,(0'&
G*,E**'& C3#,0/*+J& 3'(N3*& "(*C*#& 01& O*E*%+-& $'5& 5*#(F'*+J& .3'5*+& E$',#& $'5& $(/#& ,0&
5*#(F'& $'5& /$@*& $%%& ,9*& 3'(N3*& $'5& C3#,0/(k*5& "+053C,#& 9*+#*%1& *)*'& ('& ,9*& 13,3+*H&
?0+*0)*+J& #('C*& ,9*&"*+#0'$%(,-&01&5*#(F'*+& (#& #(F'(1(C$',&$'5&C+*$,*#&/0+*&)$%3*& 10+& ,9*&
C3#,0/*+#J& #3GC0',+$C,('F& C3#,0/6/$5*& "(*C*#& 01& O*E*%+-& C03%5& %*$)*& C3#,0/*+#&
5(#$""0(',*5&0+&*)*'&G*,+$-*5H&b.3'5*+&:;;fGc!
&
43GC0',+$C,0+#& $+*& ,-"(C$%%-& "$(5& "*+& "(*C*& 01& O*E*%+-H& .3'5*+& C0'#(5*+#& ,9*& +*%$,(0'&
G*,E**'&N3$%(,-&$'5&C0/"*'#$,(0'J&$'5&#,$,*#&,9$,	*&+$,9*+&"$-#GC0',+$C,0+#&F005J&$'5&
F*,#&,9*&+*#3%,&,9$,&/$,C9*#&9*+&5*/$'5&0'&N3$%(,-J&,9$'&*'5#&3"&E(,9&G$5%-&/$5*&O*E*%+-&
#0%5&3'5*+&9*+&'$/*H&43GC0',+$C,('F&9$#&'$,3+$%%-&$&'*F$,()*&*11*C,&0'&"+01(,!"*+&"(*C*&01&
O*E*%+-H&b.3'5*+&:;;fGc&
&
&
@"9# DLMH#6+%230*0#
&&
IABA;* D]&%#(",*?ZZ.#&6('&'%0*"(7*:W#%"&0*
89*&C0'#3/*+&F+03"&(',*+*#,*5&('&5*#(F'&O*E*%+-&9$#&F+0E'&,9+03F903,&"$#,&-*$+#J&G3,&(,&(#&
#,(%%& ,9*&F0%5&C9$('& #,0+*#& ,9$,&F*,& ,9*&/0#,&01& ,9*&"0,*',($%&C3#,0/*+#H&T0%5&C9$('& #,0+*#&
C$'&$%#0&5(113#*&,9*&)$%3*&$'5&(/$F*&01&5*#(F'&O*E*%+-&53*&,0&,9*(+&C9*$"*+&/$'31$C,3+('F&
/*,905#&$'5&"+(C*#H&89*+*G-&,9*&F0%5&C9$('& #,0+*#&C$'&G*&C0'#(5*+*5&,0&C$3#*&,9+*$,#&10+&
O*E*%+-& 5*#(F'*+#H& K0E*)*+J& *)*'& ,9*& C3#,0/*+#& E90& 3'5*+#,$'5& ,9*& )$%3*& 01& 5*#(F'&
O*E*%+-&$+*&/0+*&0+&%*##&"+(C*&#*'#(,()*H&&
&
RC0'0/(C$%& #(,3$,(0'& ('&[('%$'5& 9$#& G**'& F005& ('& ,9*& "$#,& -*$+#H& S1& ,9(#& *C0'0/(C& ,+*'5&
C0',('3*#&$'5&/0+*&"*0"%*& G*C0/*&E*$%,9(*+& (,& C03%5& 9$)*&$&"0#(,()*&*11*C,&*)*'&0'& ,9*&
5*/$'5&01&9$'56/$5*&O*E*%+-H&X'&,9*&0,9*+&9$'5&,9*&"+*5(C,(0'&(#&,9$,&*C0'0/(C$%&F+0E,9&
& Z=
(#& F0('F& ,0& #%0E&50E'J&E9(C9&/$-& 9$)*& $& '*F$,()*& 0+& '*3,+$%& (/"$C,& 0'& "*0"%*& G3-('F&
9$'56/$5*& O*E*%+-& ,9$,& ,9*-& 50& '0,& '*C*##$+(%-& '**5H&K0E*)*+J& ,9*& #%0E('F& *C0'0/(C$%&
F+0E,9& (#&'0,&G*%(*)*5& ,0& %*$5& ,0&*C0'0/(C$%&/*%,50E'J&$'5& ,9*+*10+*&*C0'0/(C$%& ,+*'5#&
$+*& '0,& C0'#(5*+*5& ,0& C$3#*& ,9+*$,#& 10+& O*E*%+-& 5*#(F'*+#H&K*'C*J& C9$'C*#& ('& *C0'0/(C$%&
#(,3$,(0'&C03%5&C+*$,*&0""0+,3'(,(*#&0+&+*/$('&$#&$&'*3,+$%&10+C*H&
&
I'0,9*+& 1$C,0+& ,9$,& C$'& $11*C,& ,9*& 5*/$'5&01& 5*#(F'& O*E*%+-& (#& ,9$,&E*$+('F& O*E*%+-& 9$#&
G*C0/*&/0+*&C0//0'H&K0E*)*+J& ('C+*$#*& ('& ,0,$%&5*/$'5&50*#& '0,&$3,0/$,(C$%%-&/*$'&
,9$,& C0'#3/*+#& #,$+,& G3-('F&/0+*& 9$'56/$5*& O*E*%+-H& 4('C*& C0'#3/*+#& $+*& /0+*& "+(C*6
#*'#(,()*&E9*'&"(*C*&01&O*E*%+-&(#&G03F9,&10+&*)*+-5$-&3#*J&(,&(#&"0##(G%*&,9$,&,9(#&,+*'5&9$#&
$'&(/"$C,&0'%-&0'&,9*&"3+C9$#*#&01&C9*$"*+&O*E*%+-H&X'&,9*&0,9*+&9$'5J&(1&,9*&,0,$%&$/03',&
01& O*E*%+-& "3+C9$#*#& ('C+*$#*& (,& C$'& $11*C,& "0#(,()*%-& *)*'& ,9*& 5*/$'5& 01& 9$'56/$5*&
O*E*%+-H&&
&
?0+*0)*+J& ,9*& $C,()(,(*#& 01& .[[& $'5& ..& /$-& ('1%3*'C*& C0'#3/*+#Q& C3+(0#(,-& ,0E$+5#&
5*#(F'& O*E*%+-H&I%,903F9J&$'&0+F$'(k$,(0'& 10C3#*5&0'%-&0'&5*#(F'& O*E*%+-&$'5&9$'5(C+$1,&
E03%5& G*& /0+*& *11*C,()*J& (,& (#& "0##(G%*& ,9$,& .[[Q#& $C,(0'#& "+0/0,('F& [(''(#9& 5*#(F'& ('&
F*'*+$%& ('C+*$#*& "3+C9$#*#& 01& 5*#(F'& O*E*%+-H& [3+,9*+/0+*J& ,9*& ('C+*$#('F& $/03',& 01&
#/$%%*+& G03,(N3*#J& ,0F*,9*+& E(,9& ,9*& 0+F$'(k$,(0'& ..& ,9$,& C0''*C,#& ,9*/J& C$'& C9$'F*&
C0'#3/*+#Q& "3+C9$#('F& G*9$)(0+& $'5& G+('F& /0+*& C3#,0/*+#& 1+0/& F0%5& C9$('& #,0+*#& ,0&
O*E*%+-& 5*#(F'*+#H&I55(,(0'$%%-J& (1&.[[& C0',('3*#& "+0/0,('F&[(''(#9& 5*#(F'& $'5& O*E*%+-&
5*#(F'*+#& @**"& 0'& 5*%()*+('F& ,9*& N3$%(,-& ,9*-& "+0/(#*& $& "0#(,()*& E0+56016/03,9& C$'&
*/*+F*&$/0'F&C0'#3/*+#&$'5&%*$5&,0&/0+*&C3#,0/*+#&G3-('F&5*#(F'&O*E*%+-H&.[[&$'5&..&
$+*&,9*+*G-&C0'#(5*+*5&,0&C+*$,*&0""0+,3'(,(*#&10+&O*E*%+-&5*#(F'*+#H&
&
V9*'& C0'#(5*+('F& $'& $%,*+'$,()*& /$+@*,& E(,9& $& %$+F*+& C0'#3/*+& G$#*J& #,$+,('F& ,0& #*%%&
O*E*%+-&('&0,9*+&C03',+(*#C9&$#&D$"$'J&C03%5&G*&$'&0""0+,3'(,-&10+&.3'5*+&('&$&13,3+*H&S'&
$55(,(0'& ,0& 9*+& 9(F9& N3$%(,-& O*E*%+-J& ,9*& "0#(,()*& (/$F*& 01& [(''(#9& 5*#(F'& C$'& G*& /0+*&
)$%3*5& $G+0$5H& K0E*)*+J& $,& ,9*& /0/*',& .3'5*+& 50*#& '0,& 9$)*& *'03F9& "+053C,#& 0+&
C0%%*C,(0'#&,0&#,$+,&#*%%('F&(',*+'$,(0'$%%-H&&
&
& Z:
IABAB* 5((''("*/6(7%#^0*M&#%()&W0*"(7*U%"$(%00%0*"0*"*1%2%,#3*/%0')(%#*
.3*& ,0& ,9*& %$C@& 01& ,(/*& I''(('$&.3'5*+& 9$#& )*+-& 1*E& C0%%*C,(0'#& $'5& 9$+5%-& $'-& *L,+$&
"(*C*#& 01& O*E*%+-& ('& C$#*& ,9*-& +3'& 03,& 1+0/& ,9*& #,0+*#H&X'& ,9*& 0,9*+& 9$'5J& ,9*& G3#('*##&
#,35(*#&,9$,&$+*&C3++*',%-&%(/(,('F&9*+&,(/*&('&O*E*%+-&/$@('F&$+*&F0('F&,0&G*&#,+*'F,9&('&,9*&
13,3+*&53*&,0&,9*&'*EJ&/0+*&G3#('*##&/('5*5&E$-&01& ,9('@('FH&K0E*)*+J& ,9*& #C$+C*& ,(/*&
+*#03+C*#&$+*&$,& ,9*&/0/*',&$&/$O0+&E*$@'*##& 10+&.3'5*+H&I'0,9*+& 1$C,0+& ,9$,&C03%5& G*&
#**'&$#&$&E*$@'*##&(#&,9*&%$C@&01&"+0/0,(0'&$C,()(,(*#H&M0',+0)*+#($%%-J&.3'5*+&50*#&9$)*&
/*+(,#&$'5&$E$+5#&1+0/&C0/"*,(,(0'#J&E9(C9&C$'&G*&C0'#(5*+*5&$#&#,+*'F,9#&E9*'&,+-('F&,0&
$,,+$C,&"0##(G%*&+*,$(%*+#&$'5&1('$%&C3#,0/*+#H&
&
89*&C3++*',& #,0+*#&,9$,& #*%%&.3'5*+Q#& O*E*%+-&$+*& 10C3#*5&0'&#*%%('F& 9(F96N3$%(,-&[(''(#9&
5*#(F'& $'5& ,93#& *'9$'C*& ,9*& E$',*5& (/$F*H& I55(,(0'$%%-J& .3'5*+& 9$#& C0',('3$%& C0',$C,&
E(,9&,9*#*&G03,(N3*#J&E9(C9&/$-&$11*C,&9*+&+*%$,(0'#9("&E(,9&,9*&5(#,+(G3,0+#& ('&$&"0#(,()*&
E$-H&.3*&,0&,9*#*&$#"*C,#J& ,9*#*&5(#,+(G3,(0'&C9$''*%#&C$'&E0+@&$#&$5)$',$F*& 10+&.3'5*+&
$'5&,93#&G*&+*F$+5*5&$#&#,+*'F,9#H&X'&,9*&0,9*+&9$'5J&#*%%('F&0'%-&('&,E0&#/$%%*+&G03,(N3*#&
/(F9,&'0,&G*&$'&$5*N3$,*&'3/G*+&01&5(#,+(G3,0+#&,0&$,,$('&9(F9*+&#$%*#H&I,&,9*&/0/*',J&,9(#&
C03%5&%(/(,&.3'5*+Q#&"0##(G(%(,(*#&('&F*,,('F&F+*$,*+&$/03',&01&C3#,0/*+#H&89*+*G-J&#*%%('F&
0'%-&('&,E0&#,0+*#&C$'&G*&C0'#(5*+*5&$#&E*$@'*##H&
&
V9*'& C0'#(5*+('F& .3'5*+Q#& 1('$'C($%& C$"$G(%(,(*#J& .3'5*+& 9$#& $& G(FF*+& C0/"$'-& ..B&
#3""0+,('F&9*+H&89(#&C$'&G*&C0'#(5*+*5&$#&$&/$O0+&#,+*'F,9&#('C*&.3'5*+&50*#&'0,&'**5&,0&
$""%-& 10+& $& G$'@& %0$'& *)*+-& ,(/*& #9*& '**5#& ,0&/$@*& $& #/$%%*+& (')*#,/*',& 10+& $& #90+,*+&
"*+(05&01&,(/*H&&
&
& ZZ
IABAG* MU?:*4W"#&*
[(F3+*&://$+(k*#&I''(('$&.3'5*+Q#&#,+*'F,9#J&E*$@'*##*#J&0""0+,3'(,(*#&$'5&,9+*$,#&$#&
$&O*E*%+-&5*#(F'*+H&
&
&
&
&
*
*
*
*
*
*
*
*
*
*
*
*
!
@,2#'*!B!($'*12$%-4!8*/01*--*-4!&))&'$#1,$,*-!/1:!$%'*/$-!&?!7*8*3'9!:*-,21*'!"11,,1/!A#1:*'!
&
&
M&#%()&W0** * U%"$(%00%0
K(F96N3$%(,-& & & & 7(/(,*5&+*#03+C*#&('&&K$'56/$5*& & & & ,(/*&
[(''(#9&.*#(F'& & & & [*E&#*%%('F&"%$C*#& &
23#('*##&#,35(*#& & & 7$C@&01&"+0/0,(0'&
.3'5*+&.*#(F'&B-& & & 7(/(,*5&"+053C,(0'&?*+(,#&$'5&$E$+5#&
T005&5(#,+(G3,0+#&
& & *
?ZZ.#&6('&'%0* * * * :W#%"&0*
S',*+*#,&('&5*#(F'&"+053C,#& & ?$'-&$C,0+#&('&,9*&
4,+0'F&*C0'0/-& & & /$+@*,&S',*+'$,(0'$%&/$+@*,& & & T0%5&O*E*%+-&C9$('&
.*#(F'&[0+3/&[('%$'5& & & #,0+*#& & &
.*#(F'&.(#,+(C,&K*%#('@(&& & P*%$,()*%-&#/$%%&&
M9$'F*&('&E*$+('F&O*E*%+-& & C0'#3/*+&#*F/*',&& & &
& Z\
N* M&#"&%)'Y'()*+W"0%*
!
Y1!$%,-!D%/)$*'4!./'0*$,12!&67*D$,+*-!/'*!)'*-*1$*:!?&33&8*:!69!/!-$'/$*29!?&'5#3/$,&1!?&'!
7*8*3'9!:*-,21*'!"11,,1/!A#1:*'<!
&
&
&
A"!# $%&'()*+,#MNO(7)*/(0#
S'&0+5*+&,0&('C+*$#*&,0,$%&#$%*#J&O*E*%+-&5*#(F'*+&I''(('$&.3'5*+&9$#&10%%0E('F&0GO*C,()*#>&
&
• S'C+*$#*&('&)0%3/*&$'5&('&)$+(*,-&01&"+053C,#&
• S'C+*$#*&('&)(#(G(%(,-J&E9(C9&C$'&%*$5&,0&('C+*$#*&
& ('&5*/$'5&1+0/&,9*&C0'#3/*+#Q&#(5*&
• S'C+*$#*&('&#*%%('F&"%$C*#&
*
*
A"9# D)&%)(,3#>8&F;2%)*8+#
.3'5*+·%5&C0'C*',+$,*&0'&#*+)('F&C3#,0/*+#&E90&$+*&(',*+*#,*5&('J&$'5&3'5*+#,$'5&,9*&
)$%3*& 01& 9$'56/$5*& 5*#(F'& O*E*%+-H& 89(#& 0",(0'& #3(,#& 9*+& 53*& ,0& ,9*& %(/(,*5& +*#03+C*#J&
#/$%%& #(k*& $#& $'& ('5()(53$%& $C,0+& $'5& 0GO*C,()*#& 01& 9*+& "+053C,#& G*('F& #**'& $#& *LC%3#()*&
9(F96N3$%(,-&5*#(F'& O*E*%+-H&K0E*)*+J& ,9(#&C0'C*',+$,(0'&50*#&'0,&/*$'&,9$,& ,9*+*&E03%5&
'0,& G*& /$'-& $C,0+#& ,$+F*,('F& ,9*& #$/*& #*F/*',H& K*'C*J& $55(,(0'$%& 5(11*+*',($,0+#& $+*&
'**5*5H&
&
89*& C0/"*,(,0+#& ,$+F*,('F& ,9*& #$/*& #3G#*F/*',& C0'#(#,#& 01& O*E*%+-& 5*#(F'*+#& $'5&
F0%5#/(,9#H&.3*&,0&9*+&*53C$,(0'&$#& O*E*%+-6&$'5&#(%)*+&5*#(F'*+	*&C$'&5(11*+*',($,*&9*+&
O*E*%+-& 1+0/& ,90#*& 01& F0%5#/(,9#Q& $#& ,0& 10C3#('F& 0'& 5*#(F'H& [3+,9*+/0+*J& 9*+& #,-%*& ('&
O*E*%+-&C0/G('*5&E(,9&3'3#3$%&/$,*+($%#&3#*5JC9&"$"*+&$'5& %*$,9*+J& (#&'0,&C0//0'& ('&
K*%#('@(H&49*&(#&'0,&,9*&0'%-&0'*&E90&*L"*+(*'C*#&E(,9&5(11*+*',&10+/#J&G3,&*L,+$0+5('$+-&
& Z]
10+/#& ,0F*,9*+& E(,9& ,9*& 3'C0//0'& O*E*%+-& /$,*+($%#& C03%5& E0+@& $#& $& "0#(,()*&
5(11*+*',($,0+& *)*'& $F$('#,& 0,9*+& O*E*%+-& 5*#(F'*+#J& G*C$3#*& (,& /$@*#& 9*+& "+053C,& /0+*&
3'(N3*& $'5& "*+#0'$%H& K0E*)*+J& ,9(#& 5(11*+*',($,0+& C$'& 9$)*& $& 5*C+*$#('F& *11*C,& 0'& ,9*&
$/03',& 01& C0'#3/*+#J& $'5& ,9*+*G-&.3'5*+& #903%5& C0'#(5*+& 5*#(F'('F& 5(11*+*',& #,-%*#& 01&
C0%%*C,(0'& O*E*%+-H& 89(#& (5*$&E(%%& G*& 5(#C3##*5& 13+,9*+& ('& C9$",*+& _H=H=H& & .3'5*+& #903%5&
*)*'& #**@& ,0& C0//3'(C$,*& 9*+& "*+#0'$%(,-& $'5& 9(#,0+-& ,0& "0##(G%*& C3#,0/*+#& ('& 0+5*+& ,0&
('C+*$#*&(',*+*#,&('&9*+&O*E*%+-&$#&E*%%&$#&C+*$,*&$55(,(0'$%&)$%3*&10+&,9*&C3#,0/*+#H&&
&
&
& Z_
H* <XZ,%X%(&'()*+W"0%*
&
Y1! $%,-! D%/)$*'4! $%*!5/'0*$,12!5,N! +/',/63*-! /'*! /1/39O*:! /1:! -#22*-$,&1-! /'*!5/:*! $&!
?&'5! /! 6*$$*'! /1:!5&'*! 6#-,1*--! &',*1$*:!5/'0*$,12!5,N! ?&'! :*-,21! 7*8*3'9! 69! "11,,1/!
A#1:*'<!
&
&
&
P"!# $%&'()*+,#$*Q#
.3'5*+& #903%5& #**@& ,0& "0#(,(0'& 9*+& "+053C,#& $#& 9(F96N3$%(,-J& 9$'56/$5*& 5*#(F'& O*E*%+-H&
M0'#*N3*',%-J& $%%& ,9*& 5*C(#(0'#& $G03,& ,9*& /$+@*,('F& /(L& #903%5& #3""0+,& ,9*& E$',*5&
"0#(,(0'&$#&E*%%&$#&G*&('&G$%$'C*&E(,9&0'*&$'0,9*+H&&
&
HA;A;* +#.769&*
.3'5*+Q#& (5*$& $'5& #,-%*& 01& 10+/#& C0/G('*5& E(,9& 3'3#3$%& /$,*+($%#& (#& '0,& C0//0'& ('&
O*E*%+-& /$+@*,& ('& K*%#('@(& $'5& ,9*+*10+*& .3'5*+& #903%5& )$%3*& ,9*#*& *%*/*',#& ('& 9*+&
O*E*%+-H&I55(,(0'$%%-J&,9*&C3#,0/*+&#*F/*',&(#&$#@('F&10+&"*+#0'$%J&3'(N3*&O*E*%+-&,9$,&$+*&
9$'56/$5*& $'5& ,9*+*G-&.3'5*+Q#& O*E*%+-& C$'& C+*$,*&/0+*& )$%3*& 10+& ,9*/H&X'& ,9*& 0,9*+&
9$'5J&.3'5*+&9$#&$&N3(,*& %(/(,*5&$/03',&01&"(*C*#&('&9*+&$##0+,/*',J&E9(C9&%(/(,#&9(F9*+&
#$%*#H&&
&
S'& 0+5*+& ,0& ('C+*$#*& #$%*#J& +*$C9& ,9*& (',*+*#,& 01& "0##(G%*& +*,$(%('F& G03,(N3*#& $'5& E(5*+&
C0'#3/*+&G$#*J&.3'5*+&'**5#&,0&('C+*$#*&,9*&$/03',&01&"(*C*#&01&O*E*%+-&/$5*&$#&E*%%&$#&
5*#(F'&'*E&C0%%*C,(0'#&$'5&"(*C*#&01&O*E*%+-H&X'*&0",(0'&(#&,0&#,$+,GC0',+$C,('F&$&"$+,&01&
,9*& O*E*%+-& /$@('FJ& $'5& ,9*+*G-& ('C+*$#*& ,9*& "+053C,(0'& $#&E*%%& $#& F$('& /0+*& ,(/*& 10+&
5*#(F'('FH& I'0,9*+& 0",(0'& (#& ,0& /$@*& ,9*& "+053C,(0'& "+0C*##& /0+*& *11(C(*',& G-& /$@('F&
/$'-& "(*C*#& 01& ,9*& #$/*& "+053C,& $,& $& ,(/*H& .3'5*+& #903%5& #**@& ,0& 9$)*& *L,+$& "(*C*#&
C0'#,$',%-&$'5&,9*+*G-&"+*)*',&9*+&O*E*%+-&+3''('F&03,&1+0/&,9*&#,0+*#&10+&$&%0'F*+&"*+(05&
01&,(/*H&X'&,9*&0,9*+&9$'5J&.3'5*+&'**5#&,0&G*&C$3,(03#&$G03,&'0,&/$@('F&,00&/$'-&"(*C*#&
& Zf
53*&,0&,9*&+(#@&,9$,&,9*-&E(%%&'*)*+&G*�%5& 13+,9*+&1+0/&,9*&#,0+*#J&E9(C9&/*$'#&,9$,	*&
F*,#&'0&C0/"*'#$,(0'&10+&9*+&E0+@H&
&&
I'0,9*+&E$-& ,0& ('C+*$#*& #$%*#& (#& ,0& ,$+F*,& G(FF*+& C0'#3/*+& F+03"& $'5& ,9*+*10+*&.3'5*+&
#903%5& C0'#(5*+& 9$)('F& ,E0& 5(11*+*',& ,-"*#& 01& C0%%*C,(0'#>& 89*& 1(#,& ,-"*#& 01& C0%%*C,(0'#&
#903%5&G*&C0//*+C($%&$'5&,9*+*G-&$,,+$C,&/0+*&"*0"%*&$#&E*%%&$#&/$@*&/0+*&"+01(,&53*&,0&
9(F9*+&#$%*#H&89*&0,9*+&,-"*#&('&,3+'&C03%5&,$+F*,&/0+*&C03+$F*03#&$'5&"*+#0'$%&C0'#3/*+#&
E(,9&C+*$,()*&$'5&#"*C,$C3%$+& O*E*%+-&,9$,ZE#&.3'5*+Q#&$+,(#,(C&"*+#0'$%(,-H&S'&0+5*+&,0&
5*#(F'&$'5&"+053C*&,9*&1(+#,&,-"*#&01&C0%%*C,(0'#&$'5&/$@*&"+01(,&1+0/&,9*/&.3'5*+·%5&
#,$+,& "$-('F& $,,*',(0'& ,0& C0'#3/*+& '**5#& $'5& E$',#H& ?0+*0)*+J& ,9*#*& '**5#& $'5& E$',#&
#903%5&G*&,$@*'& (',0&$CC03',&$%+*$5-&E9*'&5*#(F'('F&C0%%*C,(0'#H&I&5*#(F'*+·%5&#**@&
,0& 1('5& $& E$-& ,0& #$,(#1-& C3#,0/*+& E$',#& $'5& '**5#& E(,903,& 10+F*,,('F& 9*+& 0E'& (5*$& 0+&
"*+#0'$%(,-&$#&$&5*#(F'*+H&
&
HA;AB* +#'9%*
.3'5*+Q#& O*E*%+-&C0/"*,*#&$F$('#,&0,9*+&9$'56/$5*& O*E*%+-&$'5&,9*+*10+*	*& #903%5J& ('&
#0/*& *L,*',J& 10%%0E& ,9*& "+(C('F& 01& ,9*#*& $C,0+#H& 89*& $(/& 10+& .3'5*+& (#& ,0& G+$'5& 9*+&
"+053C,#& $'5& ,9*+*10+*& ,9*& "+(C*& C$'& G*& 0)*+& ,9*& $)*+$F*& "+(C*& 01& 5*#(F'& O*E*%+-H& S,& (#&
"0##(G%*& ,0& +$(#*& ,9*& "+(C*#& $55(,(0'$%%-& E9*'& .3'5*+& 9$#& *#,$G%(#9*5& 9*+& '$/*& $#& $&
5*#(F'*+&53*&,0&,9*&/0+*&)$%3*&,9*&@'0E'&'$/*&0+&$&G+$'5&C+*$,*#&10+&C3#,0/*+#H&K(F9*+&
"+(C*& $%#0& C%$+(1(*#& ,9*& 5(11*+*'C*& G*,E**'& 9(F96N3$%(,-& 5*#(F'& O*E*%+-& $'5& ('53#,+($%%-&
/$'31$C,3+*#&/(55%*6"+(C*5&O*E*%+-&$'5&C+*$,*#&$55(,(0'$%&)$%3*&10+&,9*/&E90&3'5*+#,$'5&
,9(#&5(11*+*'C*H&K0E*)*+J& (,& (#& (/"0+,$',&,0&C0',('303#%-&5*%()*+&,9*&"+0/(#*5&N3$%(,-&$'5&
)$%3*&,0&C3#,0/*+#&,9$,&9(F9*+&"+(C*&"+0/(#*#H&
&
89*+*&(#&$'0,9*+&#(5*&,0&,9*&"+(C('F&(##3*J&'$/*%-&,9*&C0#,&01&"+053C('FH&R)*'&,903F9&,9*&
"+(C*#&E03%5&G*&C0'#(5*+*5&$#&9(F9J&,9*-&$+*&9(F9&/0#,%-&53*&,0&,9*&*L"*'#()*'*##&01&9$'56
/$5*& "+053C,(0'& $'5& +*,$(%*+#Q& 9(F9& C0',+(G3,(0'& /$+F('#H& K0E*)*+J& ,9*+*& $+*& "0##(G%*&
E$-#&,0&('C+*$#*&,9*&5*#(F'*+#Q&/$+F('&"*+&"+053C,H&89*&1(+#,&0'*&(#&+*%$,()*&,0&,9*&$/03',&
01&#$%*#H&V9*'&#$%*#&F0&3"&0"*+$,(0'$%&C0#,#&"*+&"+053C,&F0&50E'J&G*C$3#*&,9*-&$+*&5()(5*5&
G-&%$+F*+&$/03',&01&"+053C,#J&$'5&/$+F('&"*+&"(*C*&01& O*E*%+-& ('C+*$#*#H&89*&#*C0'5&0'*&
& Z<
5*"*'5#&0'& ,9*&*11(C(*'C-&01& ,9*&5*#(F'*+H&I#&5(#C3##*5& ('& ,9*&C9$",*+&$G0)*J&$&5*#(F'*+&
C$'&/$@*&O*E*%+-&"+053C('F&/0+*&*11(C(*',&G-&/$@('F&/$'-&"(*C*#&01&,9*&#$/*&"+053C,&$,&
$&,(/*H&89(#&('&,3+'&E03%5&%0E*+&,9*&,(/*&#"*'5&"*+&"(*C*&$'5&+*#3%,&,0&9(F9*+&/$+F('#H&89*&
%$#,&0'*&C0'C*+'#& ,9*&"3+C9$#*#&01& +$E&/$,*+($%#H& S1&"0##(G%*&.3'5*+& #903%5&#**@& ,0&G3-&
F+*$,*+&$/03',#&$,&0'C*&$'5& ,9*+*G-&F*,&$&N3$',(,-&5(#C03',H&X'& ,9*&0,9*+&9$'5J&.3'5*+&
/$@*#& #/$%%& G$,C9&C0%%*C,(0'#J&$'5& ,93#& ,9*& )0%3/*&01& +$E&/$,*+($%#& '**5*5&/$-&'0,&G*&
#311(C(*',&,0&F*,&,9*&5(#C03',H&
&
HA;AG* +,"9%*
S'&0+5*+&,0&('C+*$#*&,9*&,0,$%&#$%*#&.3'5*+·%5&$%#0&#,$+,&#*%%('F&('&/0+*&"%$C*#H&.3'5*+&
'**5#&,0&#*%%&,9*&(5*$&01&9*+&O*E*%+-&,0&,9*&0E'*+#&0+&"3+C9$#('F&$F*',#&$'5&*L"%$('&90E&(,&
C$'&$55&)$%3*& 10+& ,9*(+&G03,(N3*#H&[0+&*L$/"%*& ('&C%0,9('F&#,0+*&9*+& O*E*%+-&C$'&E0+@&$#&
C0/"%*/*',$+-& "+053C,#J& E9(C9& 13+,9*+& /$@*#& ,9*& E90%*& G03,(N3*& /0+*& $,,+$C,()*& ('&
C3#,0/*+#&*-*#H&S'&#,0+*#&,9$,&$%+*$5-&#*%%&O*E*%+-J&.3'5*+Q#&"(*C*#&01&O*E*%+-&C$'&*'9$'C*&
,9*&,0,$%&(/$F*&01&,9*&#,0+*&0'&$CC03',&01&$&E(5*+&$'5&/0+*&)*+#$,(%*&$##0+,/*',H&&
&
.3'5*+& #903%5& /$@*& $& %(#,& 01& "0##(G%*& G03,(N3*#& $'5& #,$+,& C0',$C,('F& ,9*/& *(,9*+& G-&
,*%*"90'*&0+&G-&)(#(,('FH&4('C*&5(11*+*',&,-"*#&01&5(#,+(G3,('F&"%$C*#&#**/&,0&#*%%&O*E*%+-&0'&
#$%*#& $CC03',& ,9(#& (#& '0,& $& 5*C(5('F& 1$C,0+&E9*'& C900#('F& ,9*& "0##(G%*& +*,$(%*+#H&X'& ,9*&
0,9*+& 9$'5J& ,9*& $/03',& 01& C0',+(G3,(0'& /$+F('& )$+(*#& G*,E**'& #,0+*#H& V9*'& C900#('F&
#3(,$G%*& +*,$(%('F& G03,(N3*#& (,& (#& (/"*+$,()*& ,0& C0'#(5*+& ,9*& (/$F*& 01& ,9*& "0##(G%*& 0'*#H&
4('C*&.3'5*+&E$',#&,0&"0#(,(0'&9*+& O*E*%+-&$#&*LC%3#()*&9(F96N3$%(,-&"+053C,#J&$&+*,$(%('F&
G03,(N3*&,9$,""0+,#&,9*&#$/*&$#"*C,#&E03%5&*'9$'C*&,9*&5*#(+*5&(/$F*&10+&9*+&O*E*%+-H&
?0+*0)*+J&#*,,%('F&10+&"%$C*#&,9$,&50&'0,""0+,&#$/*&)$%3*#&$#&9*+&E03%5&O*0"$+5(k*&,9*&
E$',*5&(/$F*H&
&
4('C*&.3'5*+Q#&$##0+,/*',&C0'#(#,#&01&#/$%%&G$,C9&"+053C*5&C0%%*C,(0'#J&#/$%%*+&G03,(N3*#&
#**/&,0&G*&,9*&G*#,&0",(0'H&[3+,9*+/0+*J&(,&(#&/0+*&C0//0'&,0&1('5&#*+)(C*&0+(*',*5&#$%*#&
"*+#0'$%& ('& #/$%%*+& G03,(N3*#H& 4,0C@/$''& 5*"$+,/*',& #,0+*& +*N3*#,#& %$+F*& $/03',& 01&
O*E*%+(*#& $'5& ,9*+*10+*& (,& (#& '0,& $& "0##(G%*& 5(#,+(G3,(0'& C9$''*%& 0",(0'& $,& ,9*& /0/*',H&
M0',+0)*+#($%%-J& $& #/$%%& C%0,9('F& G03,(N3*& E(,9& ,9*& +(F9,& #,-%*& $'5& (/$F*& C03%5& G*& $&
& Z`
"0,*',($%& #*%%('F& "%$C*H&89+03F9& #*%%('F& ('& C%0,9('F& #,0+*#&.3'5*+Q#& O*E*%+-&E03%5& +*$C9&
E(5*+& C3#,0/*+& G$#*J& '$/*%-& ,90#*& E90& $+*& (',*+*#,*5& ('& #,-%*J& N3$%(,-& $'5& "*+#0'$%&
"+053C,#J&G3,&E90&50&'0,&'0+/$%%-&)(#(,&G03,(N3*#&C0'C*',+$,*5&0'&5*#(F'H&
&
.3'5*+Q#& C3#,0/(k*5& O*E*%+-&E(%%& G*& #0%5& 5(+*C,%-& ,0& ,9*& 1('$%& C0'#3/*+#& 1+0/& ,9*& '*E&
D.IH&2*C$3#*& D.I&9$#& #90EC$#*#& 10+& C0%%*C,(0'& "+053C,#J&.3'5*+& 9$#& ,9*& "0##(G(%(,-& ,0&
#*%%& *)*+& 9*+& C0%%*C,(0'& O*E*%+-& 5(+*C,%-& ,0& 1('$%& C0'#3/*+#H& .3'5*+& #903%5& ,$@*& ,9*&
$5)$',$F*& 01& ,9*& #(,3$,(0'& $'5& C0//3'(C$,*& ,9*& 5(11*+*'C*& G*,E**'& 9$'56/$5*& O*E*%+-&
$'5& ,9*&0'*#& #0%5& ('&F0%5&C9$('& #,0+*#& ,0&,9*#*&C0'#3/*+#H&89(#&C$'& %*$5& ,0&/0+*&"*0"%*&
3'5*+#,$'5('F&,9*&5(11*+*'C*&$'5&#,$+,('F&,0&)$%3*&9$'56/$5*&O*E*%+-H&&
&
HA;AI* +#.X.&'.(*
S'& $55(,(0'& ,0& F005& "+053C,#& 5*#(F'*+& '**5#& ,0& (',+053C*& ,9*/& ,0& "0##(G%*& C0'#3/*+#H&
89*+*10+*& (,& (#& (/"*+$,()*& ,0& #90E& ('&5(11*+*',&E$-#H&.3'5*+& #903%5& #**@&/0+*& )(#(G(%(,-&
,9+03F9& '0'6"*+#0'$%& C0//3'(C$,(0'& C9$''*%#J& #3C9& $#& 5(11*+*',& /$F$k('*#& $'5& 0,9*+&
/*5($#H& 49*& C$'& 50& ,9(#& *(,9*+& G-& 3#('F& $'& *L,*+'$%& "3G%(C& +*%$,(0'& $F*'C-& 0+& G-& G*('F&
$C,()*& ('&/$@('F&5(+*C,&C0',$C,#&E(,9& 1$#9(0'&*5(,0+#J&$##(#,$',#&$'5&"90,0F+$"9*+#H&4('C*&
#9*&9$#&%(/(,*5&+*#03+C*#&,9*&%$,,*+&0",(0'&(#&C0'#(5*+*5&,0&G*&/0+*(,$G%*&10+&9*+H&V9*'&
#*$+C9('F& ,9*& +(F9,& "*0"%*& ,0& C0',$C,& #9*& #903%5& "$-& $,,*',(0'& ,0& ,9*(+& #,-%*& ('& 0+5*+& ,0&
C0',$C,&,9*&0'*#&,9$,&C$'&*'9$'C*&,9*&(/$F*	*&#**@#&,0&9$)*&10+&9*+& O*E*%+-H&89*+*$1,*+&
#9*& #903%5& C0',$C,& ,9*#*& "*0"%*& E(,9& "(C,3+*#H& I55(,(0'$%%-J& #9*& C03%5& ('10+/& C90#*'&
E**@%-&/$F$k('*#&$G03,&,9*&0"*'('F&01&,9*&5*#(F'&O*E*%+-&$F*'C-&$'5&0,9*+&#(/(%$+&(##3*#H&&
&
.*#(F'*+&C$'&$%#0&F$('&)(#(G(%(,-&G-&"$+,(C("$,('F&C0/"*,(,(0'#&$'5&/$@('F&$""*$+$'C*& ('&
*)*',#H&89*+*10+*&(,& (#& (/"0+,$',&,9$,&.3'5*+& (#&+*"+*#*',('F&9*+&#*%1J&9*+& O*E*%+-&$'5&9*+&
"*+#0'$%(,-& ('& 5(11*+*',& 0CC$#(0'#H&89(#& C03%5& %*$5& ,0&/**,('F& $'5&/$@('F& C0',$C,#&E(,9&
'*E&(/"0+,$',&0+&1$/03#&"*0"%*H&[('%$'5&(#&$&#/$%%&C03',+-&$'5&,9*+*G-&(,&(#&"0##(G%*&,9$,&
#0/*&01&.3'5*+Q#&1+(*'5#&0+&C0',$C,#&9$)*&13+,9*+&C0',$C,#&E(,9&1$/03#&"*0"%*&$'5&"3G%(C&
1(F3+*#H& .3'5*+& #903%5& ,$@*& $5)$',$F*& 01& ,9*#*& C0',$C,#& $'5& #**@& ,0& F*,& #0/*& 01& ,9*&
1$/03#&"*0"%*&$'5&"3G%(C&1(F3+*#&$#&9*+&C3#,0/*+#H&
&
& \;
I'0,9*+& E$-& ,0& F*,& /0+*& )(#(G(%(,-& (#& ,9+03F9& $& E*G& #(,*J& E9(C9& ('C%35*#& 9(F9& N3$%(,-&
"(C,3+*#&01& O*E*%+-J&$&5*#C+(",(0'&01&5*#(F'*+Q#&9(#,0+-J&"*+#0'$%(,-&$'5&/('5#*,&$#&E*%%&$#&
C0',$C,& ('10+/$,(0'H& [0+& 1('$%& C0'#3/*+#& ,9(#& ,-"*& 01& E*G& #(,*& 50*#& '0,& 0'%-& 011*+& $&
"0##(G(%(,-&,0&#**&5*#(F'*+Q#&"+053C,#J&G3,&$%#0&,0&*',*+&,9*&5*#(F'*+Q#&E0+%5H&I55(,(0'$%%-J&
$&E*G&#(,*&C$'&E0+@&$#&$&#$/"%*&10+&"0##(G%*&+*,$(%*+#H&
&
S'&C0'C%3#(0'J&.3'5*+·%5&#**@&,0&9$)*&/0+*&)(#(G(%(,-&,9$'&9*+&C0/"*,(,0+#H&8-"*#&01&
"3G%(C(,-& /*',(0'*5& $G0)*& $+*& ('*L"*'#()*J& 0+& *)*'& 1+**J& *11*C,()*& $'5& ,+3#,E0+,9-&
"+0/0,(0'& 10+& ,9*& 5*#(F'*+H& I55(,(0'$%%-J& "*+#0'$%& C0//3'(C$,(0'& ('& 10+/& 01& "0#(,()*&
E0+,9&01&/03,9&C$'&G*&C+*$,*5&(1&,9*&5*#(F'*+&C0',('303#%-&/**,#&0+&*LC**5#&,9*&)$%3*&$'5&
N3$%(,-&"+0/(#*5H&&&
*
*
& \=
O* 4.(9,60'.(0*
!
Y1!$%,-!D%/)$*'4!/!6',*?!-#55/'9!&?!$%*!$%*-,-!,-!)'*-*1$*:!?&33&8*:!69!D&1D3#-,&1-<!
!
&
D*E*%+-& 5*#(F'*+#& /(F9,& '0,& G*& $#& C3#,0/*+6C*',*+*5& $#& B0,%*+& $'5& 0,9*+#& +*C0//*'5H&
?0+*0)*+J& ,9*-& $+*& '0,& C0'#,$',%-& #**@('F& ,0& F+0E& $'5& /$@*& ,9*& /0#,& "+01(,& 03,& 01&
#$,(#1-('F&C0'#3/*+&'**5#&G*,,*+&,9$'&C0/"*,(,0+#H&K0E*)*+J& (,& (#& (/"*+$,()*&*)*'& 10+&$'&
('5()(53$%&5*#(F'*+&,0&*L$/('*&E9$,&,9*&C3#,0/*+#&E$',&$'5&5*/$'5&$#&E*%%&$#&,9('@&01&$&
"%$'&,0&#$,(#1-&,9(#&5*/$'5H&
&
2$#*5&0'&,9(#&#,35-&,9*&C0'#3/*+&F+03"&(',*+*#,*5&('&9$'56/$5*&5*#(F'&O*E*%+-&50*#&*L(#,&
('&K*%#('@(&$'5& (,& (#&"0##(G%*& ,9$,& (,&E(%%&F*,& %$+F*+&53*&,0&*L,*+'$%& 1$C,0+#H&I%,903F9& ,9(#&
C0'#3/*+&F+03"& (#& +*%$,()*%-& #/$%%J& $'& ('5()(53$%&$C,0+&9$#&*)*+-&"0##(G(%(,-& ,0& +*$C9& ,9*&
5*#(+*5& %*)*%& 01& "+01(,& ('& ,9(#&/$+@*,& G-& 5*#(F'('F& $'5& "+053C('F& O*E*%+-H&P*$C9('F& ,9(#&
%*)*%& 01& "+01(,& +*N3(+*#& $C,()*'*##J& C3#,0/*+6C*',*+*5& )(*E& $'5& "+053C,()(,-& 1+0/& ,9*&
5*#(F'*+H& M0'#*N3*',%-J& ('5()(53$%& 5*#(F'*+#& #903%5& #,$+,& "$-('F& /0+*& $,,*',(0'& ,0&
"0,*',($%&C3#,0/*+#Q&'**5#&$'5&E$',#&*)*'&E9*'&5*#(F'('F&C0%%*C,(0'&O*E*%+-&$#&E*%%&$#&G*&
C0'#,$',%-&$E$+*&01&C9$'F*#&('&,9*#*&E$',#&('&0+5*+&,0&#$,(#1-&C3#,0/*+#&*)*'&('&,9*&13,3+*H&
I&5*#(F'*+·%5&$%#0&C0'C*',+$,*&0'&1('5('F&,90#*&5(#,+(G3,(0'&C9$''*%#&,9$,&*'9$'C*&,9*&
E$',*5& (/$F*&01& O*E*%+-&$#&E*%%&$#&#**@&/0+*&)(#(G(%(,-J& 10+&*L$/"%*&,9+03F9&$&E*G&#(,*J&
/$F$k('*#&$'5&*)*',#J&E9(C9&('&,3+'&('C+*$#*&,9*&(',*+*#,&$/0'F&C0'#3/*+#&
&
&
&
& \:
>%-%#%(9%0*
!
&
J'&%#"&6#%*
I$/3%*9,(J&:;;f>&?(,s&*@0'0/(#,(,&*''3#,$)$,&*'#(&)305*%%*q&b:<H=:H:;;fHc&
2+00@#G$'@J&P0F*+J&=```>&89*&,9*0+-&$'5&"+$C,(C*&01&/$+@*,('F&"%$''('F&('&,9*&#/$%%*+&
G3#('*##H&./'0*$,12!Y1$*33,2*1D*!b!Q3/11,12!./'0*$,12!Y1$*33,2*1D*<&U0%H&=fJ&A0H&:J&""H&
f<v`=&
M9+(#,*'#*'J&7$+#p&I'5*+##0'J&A('$p&M$+%##0'J&M$+('p&K$F%3'5J&7$+#J&:;;=>&
?$+@'$5#3'5*+#w@'('F&v&*'&9$'5G0@H&:&R5(,(0'H&73'5>&4,35*',%(,,*+$,3+&
B0,%*+J&Y9(%("J&:;;=>&?$+@*,('F&?$'$F*/*',H&A*E&D*+#*->&Y*$+#0'&Y+*',(C*&K$%%&&
B0,%*+J& Y9(%("p& I+/#,+0'FJ& T$+-p& 4$3'5*+#J& D09'p& V0'FJ& U*+0'(C$J& :;;:>& Y+('C("%*#& 01&
?$+@*,('FH&Z&R5(,(0'H&R##*L>&Y(*+#0'&R53C$,(0'&7(/(,*5&
Y$,*',,(6&O$&+*@(#,*+(9$%(,3#J&@$3""$+*@(#,*+(&b8+$5*&P*F(#,*+cJ&:;;f>&.3'5*+&.*#(F'&B-Q'&
@$3""$+*@(#,*+(/*+@(''s,H&bZ=H=:H:;;fHc&
&
<(&%#(%&*>%-%#%(9%0*
.*#(F'&.(#,+(C,&K*%#('@(J&$>&Y$"*+&A*E#&6+(',$@0+3H&.*#(F'@0+,,*%('&*'#(//s('*'&0/$&
,30,*x&b=:H=:H:;;fHc&
9,,">nnEEEH5*#(F'5(#,+(C,H1(n33,,$&
.*#(F'&.(#,+(C,&K*%#('@(J&G>&.*#(F'&.(#,+(C,&K*%#('@(H&b=:H=:H:;;fHc&
9,,">nnEEEH5*#(F'5(#,+(C,H1(n5*#(F'@0+,,*%(&
.*#(F'&.(#,+(C,&K*%#('@(J&C>&.*#(F'&.(#,+(C,&K*%#('@(H&73*&%(#ssH&.*#(F'&.(#,+(C,&K*%#('F(#,s&
,ss%,sx&b=:H=:H:;;fHc&
9,,">nnEEEH5*#(F'5(#,+(C,H1(n%3*y%(#$$&&
.*#(F'&[0+3/&[('%$'5J&:;;_$>&.*#(F'&[0+3/&[('%$'5&,s'ss'H&b=;H=:H:;;fHc&
9,,">nnEEEH5*#(F'10+3/H1(n511,''&
.*#(F'&[0+3/&[('%$'5J&:;;_G>&40/*,9('F&G*$3,(13%&1+0/&[('%$'5H&b:<H==H:;;fHc&
9,,">nnEEEH5*#(F'10+3/H1(n#90"y*'&
.*#(F'&[0+3/&[('%$'5J&:;;_C>&89*&[(''(#9&40C(*,-&01&M+$1,#&$'5&.*#(F'H&K(#,0+-H&
b=;H=:H:;;fHc&
& \Z
9,,">nnEEEH5*#(F'10+3/H1(n9(#,0+-&
.*#(F'&[0+3/&[('%$'5J&:;;_5>&.*#(F'*+&01&,9*&/0',9H&I''(('$&.3'5*+H&b=]H=:H:;;fHc&
9,,">nnEEEH5*#(F'10+3/H1(nI3F3#,yI''(('$y.3'5*+&
T$%%*+($&B0+3J&:;;f>&S'&R'F%(#9H&b:;H=:H:;;fHc&
9,,">nnF$%%*+($@0+3HC0/n*'n&
T$%%*+($&B0+3J&:;;f>&I''(('$&.3'5*+&b\H=H:;;<c&
9,,">nnF$%%*+($@0+3HC0/n#33''(,,*%(O$,n$''(('$653'5*+n&
P$#/3##*'J&BHIHJ&:;;<>&D$%0/*,$%%(*'&7?R&'0,**+$3#&b70',00'&/*,$%%("w+##(cH&bZH=H:;;fHc&
9,,">nnEEEH+$#/3##*'H1(nO$%0/*,$%%(,n('5*LH"9"qF+03"z;;;;;;;\u/$Fy'+z:&
4,*'+0#J&I''*J&:;;\$>&89*&#,0+-&01&[(''(#9&5*#(F'H&89*&?-,9H&b=;H=:H:;;fHc&
b9,,">nn)(+,3$%H1('%$'5H1(n'*,C0//n'*E#n#90E$+,(C%*H$#"q(',AV4IS.z:_`_`c&
4,*'+0#J&I''*J&:;;\G>&89*&#,0+-&01&[(''(#9&5*#(F'H&P*"3,$,(0'H&b=;H=:H:;;fHc&&
9,,">nn)(+,3$%H1('%$'5H1(n'*,C0//n'*E#n#90E$+,(C%*H$#"q(',AV4IS.z:_`_<&
4,0C@/$''J&:;;f$>&Y*+3#$+)0,H&bZH=H:;;<Hc&
9,,">nnEEEH#,0C@/$''HC0/nF+03"n1(n,(*,0$y-9,(0#,$n"*+3#$+)0,n&
4,0C@/$''J&:;;fG>&7((@*,0(/(',$-@#(@w,H&bZH=H:;;<Hc&
9,,">nnEEEH#,0C@/$''HC0/nF+03"n1(n,(*,0$y-9,(0#,$n%((@*,0(/(',$-@#(@0,n&
&
<(&%#\'%20*
.3'5*+J&I''(('$J&:;;f>&0+$%H&D*E*+%-&.*#('F*+H&8*%*"90'*&C0')*+#$,(0'H&\H==H:;;fH&
.3'5*+J&K*(@@(J&:;;f>&0+$%H&89*&MRX&01&.3'5*+&.*#(F'&B-H&8*%*"90'*&C0')*+#$,(0'H&
=:H=H:;;<H&
[%0E*+#J&40'O$J&:;;f>&0+$%H&T$%%*+($&B0+3H&S',*+)(*E&:;H=:H:;;fH&
K$+(/$J&K*%('sJ&:;;f>&0+$%H&M%0,9('F&G03,(N3*&U$%@0('*'&R%*1$',,(H&S',*+)(*E&:;H=:H:;;fH&
Ks@@('*'J& ?(%%$J& :;;f>& 0+$%H& [$#9(0'& R5(,0+& 01& 8+*'5(H& 8*%*"90'*& C0')*+#$,(0'H&
:;H=:H:;;fH&
B$%%(0'"ssJ&?$+(J&:;;f>&0+$%H&.*#(F'&[0+3/&[('%$'5H&S',*+)(*E&\H=:H:;;fH&
B$+%$'5*+J&M*C(%($J&:;;f>&0+$%H&D*E*%+-&5*#(F'*+H&S',*+)(*EH&:`H==H:;;fH&
B$+%##0'J&4$+$J&:;;f>&0+$%H&M%0,9('F&G03,(N3*&T$35*,*H&S',*+)(*E&]H=:H:;;fH&
B3O$%$J&B$,(J&:;;f>&0+$%H&4,0+*&?$'$F*+&01&.*#(F'&[0+3/&490"H&S',*+)(*E&\H=:H:;;fH&
B--9@-%s('*'6B$%%(0'(*/(J& A('$J& :;;f>& 0+$%H& M%0,9('F& G03,(N3*& T$35*,*H& S',*+)(*E&
]H=:H:;;fH&
& \\
430+,,(6U30+(0J&I3%(J&:;;f>&0+$%H&P*#*$+C9*+&01&.*#(F'&[0+3/&[('%$'5H&S',*+)(*E&
]H==H:;;fH&
U$+$@$#J&I''*J&:;;f>&0+$%H&2+$'5&?$'$F*+&01&.*#(F'&[0+3/&[('%$'5H&S',*+)(*E&]H==H:;;fH&
XG#*+)$,(0'J&:;;f>&M*',+$%&K*%#('@(H&:;H=:H:;;fH&&
& \]
5ZZ%(7']*;R*4.X8'(%7*J'0&*.-*:.Z'90*-.#*&W%*<(&%#\'%20*&
&
• 2$C@F+03'5&01&,9*&(',*+)(*E**&
• [(''(#9&.*#(F'&
6& .*1('(,(0'&
6& K(#,0+-&
6& S/$F*&
• .*#(F'&D*E*%+-&
• I##0+,/*',&01&,9*&#,0+*&
• M3#,0/*+#&01&,9*&#,0+*&&
6& V90J&K0EJ&V9-&
6& Y+(C*&#*'#(,()(,-&
6& S/"0+,$',&1$C,0+#&10+&,9*/&
6& Y3+C9$#('F&G*9$)(0+&
6& M9$'F*#&
• 4$%*#&"*+#0'$%&
• M+(,*+($&$'5&,*+/#&$#&$&+*,$(%*+&
• I%,*+'$,()*&#*%%('F&"%$C*#&('&K*%#('@(&10+&5*#(F'&O*E*%+-&
6& V9-&
• M9$''*%#&10+&"+0/0,('F&O*E*%+-&5*#(F'*+#&
• M0/"*,(,(0'&('&K*%#('@(&
• S/"0+,$',&1$C,0+#&10+&G*F(''('F&O*E*%+-&5*#(F'*+&
• Y+*+*N3(#(,*&10+&O*E*%+-&5*#(F'*+Q#CC*##&
&
&
&
&
& \_
5ZZ%(7']*BR*V%((.**
*
*
*
&
&
&
&
&
&
&
&
&
&
&
&
D*E*%+(*#&$'5&Y(C,3+*#&G-&I''(('$&.3'5*+&
*
*
& \f
5ZZ%(7']*GR*V,%.Z"&#"*&
&
&
&
&
&
&
&
D*E*%+(*#&$'5&Y(C,3+*#&G-&I''(('$&.3'5*+&
& \<
5ZZ%(7']*IR*/'Z,.X"*U.#$**
*
*
*
*
*
*
*
*
D*E*%+(*#&G-&I''(('$&.3'5*+&$'5&Y(C,3+*#&G-&D*''(&B$3""(%$&
Related Documents
