!4>:=43>7C43D,0C5=43D,CE,"CF73D,":=G7F:,34?,1:6:3=FH%% H88L?2ee=G??/$/=A;,-=-?8=8.85$7"$=Ae%
!0""1,3,45%+$+%
,.8H"/=80%E.?8%H,>5%7#,/=80%,J".8%8H5%80L5?%"9%E5A=7,#%,78="-%,.8H"/=80%4=>5-%8"%-./?5?%?"%8H,8%8H50%H,>5%
#54,#%75/8,=-80%,-A%7,-%J5%,77".-85A%9"/$%
WH5%A5#54,8="-%"9%E5A=7,#%,.8H"/=80%8"%-./?5?%/5K.=/5?%,%9=/E%,-A%;/=885-%5aL#,-,8="-%"9%;H,8%
,.8H"/=80%=?%,##";5A%8"%J5%5a5/7=?5A%J0%-./?5?%=-%L/">=A=-4%?5/>=75?(%8H=?%=?%=-85-A5A%8"%L/">=A5%75/8,=-80%
,-A%#54,#%L/"8578="-%8"%J"8H%L,/8=5?%=-%7,//0=-4%".8%8H5=/%A.8=5?$%U#5,/%,-A%;/=885-%A5#54,8="-%J".-A,/=5?%
8"%-./?5?% E,[5% -./?5?%,78%,77"/A=-4% 8"% 5?8,J#=?H5A%7"//=A"/?$%WH50%7,-%J5% ,77".-85A% 9"/%?"% 8H,8% =-%
7,//0=-4%".8%8H5=/%A.8=5?(%-./?5?%955#%7"E9"/8,J#5(%,-A%8H5/5%=?%-"%95,/%"9%8,[=-4%E5A=7,#%,78="-$%%
C-% 8H=?% 7,?5(% ,77"/A=-4% 8"% 8H5% /5?5,/7H5/(% 8H5% A5#54,8="-% "9% A.8=5?% 8H,8% ,/5% -"8% 7#5,/%
,AE=-=?8/,8=>5#0%H,?%;5,[-5??5?%,-A%/=?[?$%WH5%,J?5-75%"9%A58,=#5A%,.8H"/=80%=-%8H5%A5#54,8="-%#5885/%
L/">=A5?% "LL"/8.-=8=5?% 9"/% -./?5?% 8"% 8,[5% ,78="-?% 8H,8% ,/5% J50"-A% #=E=8?(% ,-A% =9% 8H5/5% =?% ,-% 5//"/% =-%
E5A=7,#%?5/>=75?(%=8%;=##%E,[5%=8%A=99=7.#8%9"/%A"78"/?%"/%E,-A,85?%8"%H"#A%=8%,77".-8,J#5$%)./?5?%7,-%,/4.5%
8H,8%;H,8%H,?%J55-%7,//=5A%".8%=?%J,?5A%"-%8H5%A5#54,8="-%#5885/%8H50%/575=>5$%
N77"/A=-4%8"%/5?5,/7H5/?(%8H5%=EL#5E5-8,8="-%"9%8H5%A"78"/Y?%,.8H"/=80%7,//=5A%".8%J0%8H5%-./?5%
"/,##0%H,?%J55-%5//"-5".?%J57,.?5%=8%7,.?5?%8H5%5a5/7=?5%"9%,.8H"/=80%8"%5a755A%8H5%#=E=8%,-A%=?%7"-8/,/0%
8"%#54,#%L/">=?="-?%,?%E5-8="-5A%=-%8H5%\=-=?85/%"9%P5,#8H%V54.#,8="-%).EJ5/%1&T1%"9%1&**(%,/8=7#5%1X%
Q*R%/5,A?2%j"78"/?%"/%A5-8=?8?%7,-%A5#54,85%,%E5A=7,#%"/%A5-8,#%,78="-%8"%-./?5?(%E=A;=>5?%"/%75/8,=-%
"8H5/%H5,#8H%;"/[5/?%=-%;/=8=-4%=-%7,//0=-4%".8%E5A=7,#%"/%A5-8,#%E5,?./5?$%
C-%8H5%\=-=?85/%"9%P5,#8H%1&T1(%=8%=?%?8,85A%8H,8%8H5%A5#54,8="-%"9%,.8H"/=80%E.?8%J5%=-%;/=8=-4$%
@8=##(%=8%=?% -"8%5aL#,=-5A%;H58H5/%,8% ,-0%8=E5%"9% ,78="-(%,%#5885/%"9%A5#54,8="-% "9%,.8H"/=80%=?%E,A5%"/%
;H58H5/%=8%=?%"-#0%E,A5%"-75%=-%8H5%9"/E%"9%,%#5885/%"9%A5#54,8="-%"9%,.8H"/=80%WH5%A=995/5-75%J58;55-%
A5#54,8="-% ,-A% E,-A,85% #=5?% =-(% ,E"-4% "8H5/?(% 8H5% E57H,-=?E% "9% A5#54,8="-(% /5?L"-?=J=#=80(% ,-A%
/5?L"-?=J=#=80%,-A%8H5%L"??=J=#=80%"9%/5.?=-4%8H5%,.8H"/=80%"9%8H5%,.8H"/=80$%
C-%8H5"/0(%8H5/5%,/5%8;"%80L5?%"9%E,-A,85?(%-,E5#0%=EL5/,8=>5%E,-A,85?%,-A%9/55%E,-A,85?$%WH5%
=EL5/,8=>5% E,-A,85% =?% 8H,8% 8H5% /5L/5?5-8,8=>5% J57"E5?% ,% /5L/5?5-8,8=>5% J57,.?5% H5% "J8,=-?% ?8/=78%
=-?8/.78="-?%8H,8% H,>5% J55-%A585/E=-5A% =-% A58,=#%J0% 8H5% E,-A,?(%;H=#5%8H5% 9/55% E,-A,85%=?% 8H,8% 8H5%
E,-A,8,/=?%7,-%,78%,8%,-0%8=E5%,-A%A"%-"8%A5L5-A%"-%8H5%=-?8/.78="-?%4=>5-%J0%8H5%E,-A,-?$%@"(%8H5%
E,-A,8,/=?%7,-%,78%9/55#0%J57,.?5%H5%H,?%4,=-5A%8H5%8/.?8%"9%8H5%E,-A,-?$%6"/%\,-A,-?(%;H,8%-55A?%8"%
J5%A"-5%=?%8"%9"/E.#,85%#54,#%-"/E?%,?%,%4.=A5%9"/%E,-A,8,/=5?$%
WH5-(%J,?5A%"-%/5?5,/7H%8H,8%H,?%J55-%A"-5(%8H5%A5#54,8="-%"9%,.8H"/=80%9"/%E5A=7,#%,78="-?%8"%
-./?5?% 7,-% J5% 7,//=5A% ".8% =-% 1% ;,0?$% ),E5#0(%8H5% =EL#5E5-8,8="-% "9% ,.8H"/=80% J54=-?%;=8H%
=-?8/.78="-?e/5K.5?8?%9/"E% A"78"/?% ,-A% 8H5% =EL#5E5-8,8="-% "9% 9/55% A5#54,8="-% "9% ,.8H"/=80$% C-% 8H5%
5a5/7=?5% "9% ,.8H"/=80% 8H,8% J54=-?% ;=8H% ,% /5K.5?8% "/% =-?8/.78="-(% 8H5% A"78"/% 9=/?8% A=,4-"?5?(% ,-A% 8H5-%
N78="-?%,/5%7,//=5A%".8%J0%-./?5?(%9"/%5a,EL#5(%=->,?=>5%,78="-?%"-%,J?75??5?%,-A%C!6j%=-?8,##,8="-%=-%
80LH"=A% L,8=5-8?$% N?% 9"/% 8H5% =EL#5E5-8,8="-% "9% 8H5% A5#54,8="-% "9% ,.8H"/=80% ;=8H".8% ?8,/8=-4% ;=8H%
=-?8/.78="-?(%-./?5?%7,-%7,//0%".8%E5A=7,#%,78="-?%9/55#0%;H5-%8H5/5%,/5%L,8=5-8?%;H"%-55A%E5A=7,#%
?5/>=75?(%J.8%8H5%=EL#5E5-8,8="-%;=8H".8%?.7H%=-?8/.78="-%H,?%L/5>=".?#0%4,=-5A%8H5%8/.?8%"9%A"78"/?%,-A%
J,?5A%"-%,%#5885/%"9%A5#54,8="-%"9%,.8H"/=80%9"/%E5A=7,#%,78="-?(%9"/%5a,EL#5(%5,/%L=5/7=-4(%WW%=-G578="-$%
N3F>C=6,3EE:F>74I,>H:,7M;D:M:4>3>7C4,CE,>H:,?:D:I3>7C4,CE,M:?7F3D,35>HC=7>J,>C,45=6:6,
D99578=>5-5??%=?%8H5%,7H=5>5E5-8%"9%8,/458?%8H,8%E.?8%J5%,7H=5>5A%=-%,%?8.A0%"9%LH5-"E5-,%"/%
5>5-8?%8H,8%E.?8%J5%,7H=5>5A%8H/".4H%L/5A585/E=-5A%J5-7HE,/[?$%WH5%599578=>5-5??%"9%8H5%#,;%=?%8H5%
J,?=?%9"/%?8.A=5?%8"%A585/E=-5%;H58H5/%,%#,;%H,?%J55-%=EL#5E5-85A%"/%H,?%-"8%J55-%=EL#5E5-85A%=-%
,7H=5>=-4% 8H5% "JG578=>5?% "9% 8H5% #,;% =8?5#9% =-8"% 7/=85/=,% .?5A% ,?% ,% E5,?./5E5-8% 8""#% =-% 8H5% 9"/E% "9%
,LL#=7,J#5%/.#5?%,-A%#,;?%8"%,??5??%,%L/"75??%"9%,7H=5>5E5-8%H,?%/5,7H5A%8H5%8,/458%"/%H,?%-"8%/5,7H5A%
8H5%8,/458$%%
C-%5??5-75(%8H5%5??5-75%"9%#,;%5-9"/75E5-8%/5?=A5?%=-%8H5%L/"75??%"9%,#=4-=-4%>,#.5?%".8#=-5A%=-%
9=/E%/54.#,8="-?%;=8H%J5H,>="/,#%,88=8.A5?(%?5/>=-4%,?%,%7.#E=-,8="-%"9%>,#.5%5#,J"/,8="-%8"%5?8,J#=?H(%
.LH"#A(% ,-A% L/5?5/>5% ?"7=,#% H,/E"-0$% WH5?5% /54.#,8="-?% ?.J?5K.5-8#0% 9.-78="-% ,?% =-A=7,8"/?% "/%
?8,-A,/A?%9"/%J5H,>="/%"/%,88=8.A5?%A55E5A%?.=8,J#5%"/%,LL/"L/=,85$%cH5-%,LL#=5A%;=8H=-%?"7=580(%8H5%
5a57.8="-%"9%A5#54,8=-4%E5A=7,#%,.8H"/=80%8"%-./?5?%=?%=-9#.5-75A%J0%>,/=".?%9,78"/?2%