!
"
#$%
#%"
&'()*+
,-*'.)/
*'.)
*/&
01&02*3'()/1
2()4)/3'()/(05
)/'/1
6)('/
05
7
89:'
:9
*89:
&0
7;
<
2()4)3':&
/:083'05
7
8
=9 >?@ 'A0(( 1' ;*0 3
B&/ 303 '(&C)!(A'89D++
,,
/' )B'8&* (/ ;*)/9 7:* 5(/)* 3' 30'/<) <)3/ '/</8)*'/ ;' C*;)<0A3)'/&0A09:*F:'<*/:&0*<;'*<''/<)59*)3:3)F:'AI F:0'* ( ;:'3 I 30B''*<'/ B0*'/9 1:'/:*F:' 1) <)& '* ;:/0& 1'&' F:'AI3'/'3:(&'<)3)/91)<*</&://&);)<'*;:&C)/ *<)/97 :<)'/ '* /:1)7)9 '/ <* 30A'/) '( /'*<0 3' ( &);:* &'*/: F:' *) BI(< F:0'* C((' )</ <*</ 1'1)5( >304) '* F:*<) () F:' /' C5( '* '/<' 05)@:*F:' /'9 &);) C' 30&C)9 30B''*<'/ B0*'/ ) F:' /'4:) '/9 F:' C' 1)&:3) '* () F:' /' (('4 I '.'&:<9 B:'/' &);) /' 'M'&:<'&);J*;'*<'97&)*<)3)/()/'F:0/0<)/F:':/*97C*:/3)()/F:' '*/'6*1)(/&0B/H'/<)*)/'C1)303)M:/<'*(/;1'*</9A0'*3)() 1)&:3)'*(/;/3''/<)<'91)'(1)&):/)F:'C<'*03)'/<'4'*') 3'0;1'/02* *<'/0;1)/050(0<A*<*<)(;<'09F:'B:'1'&0/)<3:&0( &0B 3'( 19 1:'/ 1 0;10;0 3' ( )< /:'<'9 ' *'&'/0) C8' &&<''/ *:'A)/ &)* 30B''*<'/ ;<0&'/9 () F:( *) /' C 1)303)M:/<9 1)F:' *) CA03) F:0'* () C4H 7:* 1 '/< 0;1'/02* 1:/0')* <*</ 30B0&:(<3'/ (4:*)/ 0;1'/)'/9 F:' C /03) B)N)/) 5:/& 50<0) 1 C8'(9 &:7 *)A'33 1:'3' 30/&:(1 ()/ 3'B'&<)/ 3' '((9 3' F:0'* ( C ;*'M3)97:*3'/::<)91:'/*)'/B&0(&'<(3'(10;'9(F:(97 3'(4'*')*)73:3F:''/'*/16(3''/<'05)/<)'/F:*<)/' ;')B'&'3'&0(/'6)'&<)9IF:0'*:'4)&'*/:'/0*1/02*9;0*3)'/<' '/&0<) *) ;/ F:' &);) I )5 3' :*B0&0)*3)9 F& *) C 1&<0&3) '. 1)B'/)(B&:(<39/0*)F:'('(('A3)'(8'()3'F:'4)8'*3''/<&)<:89 7)<'<)3)/F:'(()/3)*3'(&*N'97F:0/0''*A('/'3''((
3A0'</'9F:'(B);()/1:*<)/'*(4:0<9/'C*3'10/(/&:'3/ &)*(/1:*</3'()/3'3)/91)*0'*3)(;*)F:'397*)/'C3'10/ '*()/</<'/
,O
=
*F:'/'3'/&0A'(:0<97()F:''/973'()F:'/'&);1)*'
*<'/F:'/'&);0'*&'C5(3'(&0B3'(:0<9;'C1'&03)3I '*<'*3' 3' () F:' /' &)*/<9 (/ )3'*'/ F:' <0'*'9 7 ()/ *);5'/ 3' (/ &:'3/9F:('/(&'.97()F:'/)*</<'/91)3)*3'&);'*NP
&'. '/F:'(( /)5' F:' '/<E '('1<0;0'*<) 3' (/ &:'3/9 '*<' (/ &(A0M/7'(5N)
/<'//)*F:'((/&:'3/F:'(04*'(5N)3'(4:0<93'/3'(&'. (&. &);0'*N/'&)*<3'/3'(&'.93'/:'<'F:''(10;')'/F:'( C:'&)F:'73''(((10;'(043:97'(/'4:*3)97<'&')97<)3)/()/ 3';E/&);)/'/04:'*95.*3)E80(&.
/)3'*'/3'(4:0</)*&0*&)9F:':*F:'/'&)/<:;5'*&)3'/<' 0*/<:;'*<) &)* *:'A' &:'3/904:)/;'*<' 5/<A* (/ &0*&)9 1:'/ (/ 3';E/ /)* 1 3(' ;/ &:'1) (/ A)8'/ /</ &0*&) )3'*'/ 3' '/<' 0*/<:;'*<)9/'B04:*&)*&0*&)(K*'/927/<'*303/9F:'&)'/1)*3'* 30&C/ )3'*'/ )/ *);5'/ 3' '((/ /)*9 0;9 '4:*3/9 '&'/9 Q:</97Q:0*</9(0;'/(;/5.9( '4:*3'/(F:'/'/04:'97 (/'&'/97(/3';E/9&);)/'/'6('*'/<3';)/<&0)*
/<3';)/<&0)*F:'F:'3'/&0<9/'6(97*);5(/)3'*'/97&:'3/ 3'(:0<
* F:' 3E '( ;)3)9 7 E '*<'*3' ( &0B 3' ( :0<9/0 1 <6' 3'
/43)9&);)3'1:*<'3)
,D
)/ ;*'/7 3' &0B 1 <6' ( :0<9 :* 1 F:0'*1'*3' 3'
/43)97)<1F:0'*1'*3'3'1:*<'3)913('/B&0(0*<'(04'*&0 '/</&0B/9/:1:'/<)'(10*&010)93'F:'()/*:;')/F:'/''/&0A'*/)5' (/ (0*'/9 0*30&* ()/</<'/9 7 (/ (0*'/ (/ &:'3/9 7 F:' /' C* 3'10/ &)*(;*)08F:0'39*);/F:'F:'((/'*F:'/'C(('*()/*:;')/ '* ()/ </<'/ F:' 0*30&* 30&C)/ *:;')/9 /'3A0'<'9 1 F:' '( F:'
1'*3''*<''*'(&)*)&0;0'*<)3'()/1:*<)/F:'C3'/5'1<6'3'
/43)9F:'/'&);0'*N1)'(&:83)9'(F:(&)*)<)/3)8'F:'/'/04:'* 3'/1:'/3'G(9'/;'*'/<'F:''(F:'1'*3'9()/'*&);0'*3'(;';)09 1'*<3'/1:'/&)*B&0(0339<6'*3)<)3)()F:'C(('&0B3)13'
/43)H1()F:(/'1)*'*053':*(0*'()/&&<''/F:'0*30&* ()/1:*<)/3'(/)*F:'/'<6'973'((0*'1)&'3'*97*&'*:*/70</(
;)3) 3' '/</9 (/ F:('/ 0*30&* 3)/ &)//H (/ F:'
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
F:' /' &)*)8&* ()/ 1:*<)/ 3' F:' /' C C'&C)'(&0)*9 /' C 3'
3A'<0 &);) /' &0B* /)5' (/ &0*&) (0*'/9 7 F:'( ;)3) &)* F:' A* &0B3)/'*(3';)/<&0)*'*F:''/<*<)3)/9/'C3''*<'*3'(&0B3' 1:*<'3)9 1:'/ '*<' ()/ 1:*<)/ F:' /' '/&0A'* 1 <6' 1:*<'3)9 *)7 ;/30B''*&0F:'C'0<)3/(/&:'3/&)*(;*)3''&C91<6'3'
/43)9&);)/<*3)(1)(1:*</3'()/3'3)//)5''((/9&)*4)(1'9 /'E805.)92/'E80059(;0/;)<0';1)F:'/'B);*()/1:*<)/ &)*(08F:0'392C'0/F:*3)/'<6'3'1:*<'3)9&);)1'((08&*3)(/H7 '/<)/'C3''*<'*3'F:'*)/)*;/F:'F:'((/&:'3/F:'/'10/*&)* ()/ 3'3)/ 3' ( ;*) 08F:0'3 1 B); ()/ 1:*<)/H 7 '* (/ F:' C:A0'' &')9F:''/<//'C0''*92<6'*&)*(;*)3''&C9<)3/97F:*</ A'8'/ /' C(('* '* F:(F:0' 3' (/ &0*&) &:'3/9 2 (/ (K*'/ F:' (/ 0*30&*
&0B92;)/<&);) /'C* 3' '*<'*3''/<)/1:*<)/9 /' C3'<'*' ;:&C)&:733)&)*('(&0)*/04:0'*<'9F:'/'C8'97308'3'(/:'<'F:' /'B);*97&)*F:'3'3)/3'(;*)08F:0'3
* F:' /' '.1(0& &);) /' B);* ()/ 3)8' 1:*<)/ 3' F:' /' C C'&C)
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
S 0B/' '( &:83) 1)*0'*3):* 3)/ '* <'&'/9 (/ F:('/ /' 10/* &)* '( 0*30&''*/'4:*3)</<'97:*<'/'*/'4:*3/9F:'('10/*&)*'(*:('* <'&'</<'7:*3)/'*10;9F:'/'10/&)*'((4)'*10;'</<'973)/ &')/'*F:</97'*F:0*</
0B/''(:*)3'<'/;*'/9F:*3)/'<6'&);))30*0)9/'1)*':* <'/'*10;9(F:(/'10/&)*'(3'3);'*)'*<'&'</<'97:*3)/'* F:0*</9 F:' /' 10/* &)* '( 0*30&' '* '( /'4:*3) </<'9 7 '* <'&'/9 7 F:</ &')/ 0B/' <;50'* '( :*)9 1)*0'*3) :* <'/ '* 10;9 7 )<) '* /'4:*3/9(/F:('//'10/*&)*'(*:(97'(1'F:'6)'*<'&'</<'97'* <'&'/F:</97F:0*</9&')/
0B/' '( :*)9 F:' ((;* ';)(3) >F:' 1 3'/43) /' /'6(/0 5@ 1)*0'*3)'*10;97/'4:*3/3)/<'/'/9(/F:('//'10/*&)*'(*:(97 '(1'F:'6)'*<'&'</<'97'*(/F:0*</:*:*)9(/F:('//'10/*&)*'( 0*30&''*10;'</<'97'*<'&'/97F:</&')/
0B/''(3)/91)*0'*3):*<'/'*F:0*</9(/F:('//'10/*&)*'(3'3) *:('*<'&'</<'97'*/'4:*3//'1)*':*:*)9(/F:('//'10/*&)* '( 0*30&' '* 10;' </<'9 7 )</ A'8'/ /' 1)*' :* <'/ '* 10;9 ( F:( /' 10/'*<'&'</<'&)*'(3'3)1'F:'6)97'*<'&'/97F:</&')/
-0B/''(<'/1)*0'*3)3)/:*)/'*10;97/'4:*3/9(/F:('//'10/* &)* '( 3'3) (4) '* /'4:*3) </<'9 7 '* F:</9 7 F:0*</ 3)/ <'/'/9 (/ F:('//'10/*&)*'(*:(97'(1'F:'6)'*<'&'</<'
,0B/''(F:<)91)*0'*3)'*10;97'*F:0*</3)/:*)/9(/F:('//' 10/* &)* '( 0*30&' '* 10;' </<'9 7 '* /'4:*3/9 <'&'/9 7 F:</ <'/ <'/'/9(/F:('//'10/*&)*'(*:(9'((4)97'(1'F:'6)'*<'&'</<' O0B/''(&0*&)91)*0'*3):*<'/'*/'4:*3/9(/F:('//'10/*&)*'( *:('*<'&'</<'97'*<'&'/:*3)/9(/F:('//'10/*&)*'(3'3) (4)'*/'4:*3)</<'97'*(10;:*:*)9(F:(/'10/&)*'(0*30&''* 10;'</<'9'*(/3';//'1)*'*&')/
,?
F:<)/9 (/ F:('/ /' 10/* &)* '( 1'F:'6)9 '(*:( 7 '( (4) '* F:<) </<'
0B/''(*:'A'91)*0'*3)'*10;97/'4:*3/3)/3)/'/9(/F:('//' 10/*&)*'(0*30&''*/'4:*3)</<'97'*<'&'/:*<'/9(/F:('//'10/* &)* '( 3'3) (4) '* <'&' </<'9 7 '* F:</H 7 F:0*</ 3)/ F:<)/9 (/ F:('//'10/*&)*'(*:(97'(1'F:'6)'*F:<)</<'
0B/' '( 30'89 1)*0'*3) '* 10;9 7 '* F:0*</ 3)/ 3)/'/9 (/ F:('/ /' 10/* &)* '( 0*30&''* /'4:*3) </<'9 7 '*/'4:*3/:* <'/H10/*/' &)* '( 3'3)(4)'*<'&'</<'97'*<'&'/97F:</3)/F:<)/ 10/*/'&)*'(
*:(97'(1'F:'6)'*F:<)</<'
0B/'(<0((91)*0'*3)<'/3)/'/'*/'4:*3/9<'&'/97F:</9(/ F:('/(4:*)/ (/ 10/* &)* '( 0*30&'9 7 '( (4) '* /'4:*3) </<' 7 )<)/ ><;50'*@&)*'(*:('*/'4:*3)</<'97'*10;97F:0*</3)/&')/
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
F:' /' '*<0'*3 '/<) &)*B&0(0339 /' 1)*' 3'5.) 3' ( 3';)/<&0)*
'B'039:*;*)97'*&33'3)(('<F:'('1'<'*'&'
3A0'</'9F:''*'(-,?7/'C(((3)/97<'/&:'3/92 '*3)/97<'/&:'3/H'/<('<<)&(0*30&'9'(F:(F:*3)/'B);*()/ 1:*<)/'B'03)/9 /' <0'*3' '* '( </<' F:' (' &)*A0'*' 1(&*N 10/ &)*B&0(033(/&:'3/F:'('<)&*
9'*F:'/'&0B*()/3)8'9
L<'8'1:*<)/3'F:'C';)/C5(3)
, 9
3'F:'/'CC'&C);'*&02*
/<)/3)8'1:*<)/F:'F:'3*&0B3)/9/)*F:'(()/3'F:'/'C8';'*&0)*
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
/43)9 /' C0''* <)3/ (/ &:'3/ &)* ( ;*) 3''&C9 1 ( F:( *) C:'(4*0*4:*&:'39:*F:'&)*(08F:0'3*)/'10/'*;/F:'(/F:' <0'*'**:;')/'*()/</<'/F:'0*30&*
(/'4:*3)B0*'/9F:'<)3/(/A'8'/F:'/'C(('&')9/''*1:*<)(('*) >F:' '( 1:*<) (('*) '/ '( F:' /' &0B( ;)3) 3' F:(F:0' 3' ()/ 3' ( 3';)/<&0)*9 2 1) () ;'*)/ /)5' <'/9 2 F:<) &:'3/9 '* F:';5/ ;*)/)5*:*;0/;)<0';1)@2C((*3)/'/)(9/'C3'C'0&)*(;*) 3''&C<)3/(/A'8'/F:'/'C(('&0B3)97'*(/&:'3/92(0*'/F:' 0*30&*
= F:' F:'3 1) '(&0)*9 7 3';)/<&0)*'/ 3'&(3) &);) B'&C 3' '*<'*3' ( &0B9 &)* F:' 3'3)/ 3' ( ;*) 08F:0'39 7 '* F:' </<'/ /' B);* ()/ 1:*<)/9 7 F:('/ /)* ()/ 3)8' 3' F:' /' C8''(&0)*9 /'4J* F:'3*&0B3)/9&);)/'&0B1<6'3'1:*<'3)/)5'(/&0*&)(0*'/H 1:'//'3A0'<'9F:'()/1:*<)/(('*)//0';1'/'&0B*/091)F:'/'C0''*
,
&53'3'&(97F:'/'C33)<)3(0*<'(04'*&09L&)*)&0;0'*<)
(/ &0B/ 3' ( :0<9 /' &0B*C) 3)/ /&(('/9 :*) 1 <6'
/43)97)<)1<6'1:*<'3)91F:'F:*3)/''*<''*'(&:'1)3' (/ &0B/ I 1&<0&9 /' <'*4* '*<'*303 3';5/ ;*'/H 7 /'3A0'<'9 F:';5)//&(('/C*3'/'1):*<';0*)
)'(:83)
*'(10<:()/'4:*3)/'3A0'<''(;)3)3''*<'*3''/</7/ 71)F:'
F:K/')B'&'(*)A'333'(8'<97(&'93'F:'*)/'A0C5(3)9 304)9F:''/</3)/('<//'6(*()/<0';1)/971)3)*3'/'<6')*'/'( L:*-3'(*<'3'F:'((7F:'<A0'//((0*'9/0';1'F:'/'<6' 1) 1)1)&0)* ;'*)9 F:' ((;* ()/ J/0&)/ ( /0';1' /' <6' 1) &);1//0(()H7/'3A0'<'9F:'<;50'*/''*<0'*3''/<)'*()F:'/'&0B1 <6'3'1:*<'3)9&);)/'A'I'*()/3)//&(('/F:'/'/04:'*
1<6'3'1:*<'3)
:1:'/<)9304))<A'89F:'()/*:;')/0*30&*9F:'/'C*3'10/F:'((/ &:'3/ '* F:' /' C((*9 /0 '/ :* :*)9 '* 10;' </<'9 /0 '/ :* 3)/9 '* /'4:*3)H7/0'/:*<'/9'*<'&')9R&L7/''*/'4:*3/9L7'*0;9 L7'*'&'/9R&
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
'1*3)9 7 4:3*3) (/ '4(/9 7 '( ;)3) 'B'03) '* ( '(&0)*
*<'&'3'*<'3'/<'&10<:()9F:*3)/'308''*F:'&:'3/9&)*F:'*:;')/9 7&)*F:'3'3)//'&0B*97B);*()/1:*<)/
* F:' /' C5(9 7 3 ;)3) 1 <';1( ( :0<9 &)* ;:&C B&0(033 7 5'A'33
=F:'F:'333I&)*)&'(:0<9()/</<'/9(/)3'*'/9()/*);5'/ 3'&3:*'(;)3)3''*<'*3'(/&0B/1<6'3'/43)971:*<'3)9 7 3' ( B:'<' F:' /' &0B 1;5)/ 'B'&<)/9 7 &);) /' :/ 3' (/ ;*)/ 1 B); ()/ 1:*<)/9 7 C'0 (/ &:'3/H 1)F:' 1 (('4 1&<0&9 7 '.'&0</''*(/&0B/9/'E5:'*)'(/5'<';1((:0< 1F:'/' &)*/04C3'/''*(B);F:'/'3A0'<'
0'*'/:10*&010)'(<';1((:0<'*(/'&'/9(/F:('//'M:/<* 3' /:'<' C'03/;5/ 3)/ M:*</ 1'8& F:' /)* '* '( /)*03) :* * '/<*3)&)3'/9 7 &)* 30&C 04:(339 /' 10/* 30A/ <'&'/ '* /'4:*3) </<'97&)*B);'(/)*03)F:'<0'*'*93'/1:G/3'10/3/'*/'4:*3)</<'9 (' 1)*' ( ;/ 3'(43 3' (/ F:0*</ >F:' )30*0;'*<' /:'(' /' ( ;/
(<7'*'/<*3)M:/<330&CF:0*<9/'1)*'(&);16'9)&<A5.) &)*'((91)F:''/:*5)3)*
*'/<*3)M:/<3/30&C/F:0*</9/'10/*'*/'4:*3)</<'97&)*B);' <:A0''* '( /)*03) >1) () ;'*)/ ( ;/ 3'(43 3' (/ 3)/@ 10/3 '* 30&C) </<'9/'C*3'1)*'/'4:*3/
* '/<*3) M:/<3/ (/ /'4:*3/9 /' C* 3' 10/ '* <'&' </<'9 7 &)*B);' <:A0''* '( /)*03) 10/3/ '* 30&C) </<'9 /' C 3' 1)*' ( ;/ 3'(433'(/F:</>F:'<;50'*/:'('/'(;/(<@73'/1:G//'M:/< &)*'(((&);16'9F:''/:*5)3)*9)&<A5.)
'/1:G/ 3' '/<M:/<3/ 30&C/ F:</9 /' 10/* '* /'4:*3) </<'9 7 &)*B);' <:A0''* '( /)*03) 10/3/ '* 30&C) </<'9 L 1) () ;'*)/ ( ;/ 3'(439 /' C 3' 1)*' ( 10;H &)* '/<' &)*&0'<)9 7 3' ;)3) F:'3 ( :0< <';1(3H 7 1 F:' /' 1/'( &)*)&0;0'*<) F:' F:'3 30&C)9 /' C3';)/<&02*'*&0B9<';1(*3)(:0<91F:'&)*('(&02*9L 1)/:0*/0*:&02*9/'1/'(1&<0&9L'.1'0'*&0
,
';)/<&02*97'.';1()
=F:'F:'33'&(3)<)3)()*'&'/0)91F:'/'&)*)8&()F:''/( :0<9(&'.9(/&:'3/9()/</<'/9(/&0B/3'/43)971:*<'3)&)*
'(&0)*91B);()/1:*<)/&)*(;*)08F:0'397C'0(/&:'3/&)* (3''&C91;5/3)/&0B/1)*'97J(<0;;'*<'<';1((:0<9 1F:''(F:'F:0/0''9'/<*3)50'*'*()'B'03)91&<0F:'/0F:0''<'*' '(&)*)&0;0'*<)3'(4:*)/1//&(('/HF:0')3'803'(7'3''(()/1:'//' &0BI*3'(*<'9/K1<6'3'/43)9&);)3'1:*<'3)91)<)3)/()/ <';0*)/9 7 &)* ()/ 1:*<)/ 3' F:' /' C <<3) &)*3A'<'*&09 3' F:'
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
*<'/3'&0B()/1//&(('/9/'3A0'<'9F:''(<'/4*3'9(;*'3'
,-) F:' F:'3* B04:3)/ <)3)/ ()/ 1:*<)/ F:' /' C* 3' '*&);'*3 ( ;';)09'*'(&10<:()*<'&'3'*<'97/'CC'&C)'(&0)*3'(;)3)F:'/' C* 3' B);H 7 1) 1'&';' F:' 5/< 1 F:' '( F:'1'*3' ()/7 '*<'*303)91'*&);'*3()/(;';)0971)3'*<'.'&0<*3)/'9/' B04:* ()/ 1//&(('/ /04:0'*<'/ 7 /'3A0'<'9 F:' '('/<*<' &:'1) 3' &0B/ //0 1 :0<9 &);) 1 '( 19 /' 1)*' 3'/1:G/9 ' 0*;'30<;'*<'('.1(0&&02*F:'/'C8''*'/<'A)(:;'*3'()<)&*<'( &*<) 3' 4*)9 (/ F:('/ &0B/ '*<* &)* '( <0<:() 3' &)/ 3' ( :89 7 )<':/0&(9R&
3A0'</'F:'*)/'1//3':*1:*<))<)9C/<&53'3()/4)(1'/9 7'.'&:<()F:'C:A0'''*'(*<'&'3'*<'
)A' C((3) 30B0&:(<3 '* ( ;1'*<9 *) /' '/<0'*3' ;/ ( &0B 3'
,,
'((4)F:''/;'*'/<'1(:0<9'*<';5/;*)/3':*3'3)( )<) 3' ()/ 1:(4'/9 7 C'0( &)* :*) 3' ()/ )<)/9 7 /0 C00G*3)(' /' A' F:' C8'3)/&:'3/&(/9'/5:'*<'&C)97/0C8';/9'/;()3A0'</'9 F:':*&:'39L1);(<)&03)9L3'/04:(9/:'('<'*'(4:*<'&C);()97
(4:*) 5:'*)H 304) '/<)9 1 F:' /0 /' '*&:'*< &)* '(;()9 /' 5:/F:''( ;'M)'*'((9(4*3)&)*:*;*)97'&)40'*3)&)*)<
)<30(04'*&0'/9<(&:'3(1:'*<'97(:'4)1/(:*1)&)<0*<' 1)/)5'(&'.9710/(97C'0(/)5'()/</<'/9F:''((30E(A'33 3'/0'/B(/9L*)
30*0;'*<'()/F:'C8'*()/0*/<:;'*<)/97'*1<0&:(()/:0<')/ /:'('*/5''*</<9'*&)397<';1((:0<913(&);1:'/<( F:'(&);1H7/:1:'/<)F:'7'/<E30&C)&);)'/<'*&)3397&);)/' <';1(9 7 F:' (/ &:'3/ *) C* 3' /' *0 <* 4:'//9 F:' 1) F:''(/ 1)*' '* <)*)9 B(<'*9 *0 <* 3'(43/ F:' *) /:'*'*9 /'3A0'<'9 7 () <'*4) 1)'4(4'*'(91/0/');1'(4:*</<'3''1'*<'95)(A'('1)*'9 F:' '( F:0*<) 5)3)*&)'/1)*3'( 4:'/) 3' ( &:'3 &)* F:' /' C8' ( (043:3'(/'4:*3)</<'9730/;0*:7'*3)'(4:'/)(/&:'3/9(;)3) F:'/'C8'('*&)33:9/'1:'3'*01)*0'*3)()/3';/</<'/
*<'/ 3' 3'&( (/ C50(033'/ 3' F:' C' 30&C) F:' :/* ()/ <(0*)/9
3A0'<)9 F:' F:*3) /' C0''* 3)/ &:'3/ :* <0';1)9 &);) 304;)/9 0;9 7 '4:*39 L :* /)(9 L <'/9 3'/1:G/ 3' 1:*<) (('*)9 /' ((;*
'1:'/</9 7 /' C0''* F:*3) /)* <'/9 &)* '( 4)9 '( *30&'9 '( :(4H F:*3) /)* 0;9 7 '4:*3/9 L '4:*3/9 7 '&'/9 &)* '( 4)9 7 '( *30&'97/0/'1/4()/(<'*<0A;'*<'&)*'(*30&'97'(4) 7'*'( Q:</1'/1:'/</9L();'/;)F:0')3'&04()//*3)&)*'(:(4
/ C50(033'/ 3' F:' C' C5(3)9 (/ <' /1 *8 '* /: (05) 3' */<:&&02*3':/0&H&)10*/'(('<&);)P((/<'
( 10;' (' 3I *);5' 3' 0*)H ><@ ( /'4:*39 )3'*<' >@ ( <'B&'9 ';5()H >T@ ( F:<9 .</0*) >-0@ /<)/ F:<) /)* *);5'/ <(0*)/
(0*)97)3'*<'/)*;:7/';'M*<'/H1')<;50'*/'30/<0*4:'*9'*F:' (A)83'(0*)*)/'B);3)*3'/'<0*9/0*);'30)1:*<);/5.) 3' :*'4( 1 F:' /' /'1 3)*3' /(' 50'* '( 0*3)9 7 /' 1)3E C8' /0';1'9:*F:' *) /' C((' /'6(3)9 '* 10;' (:4 ( 0;9 7 /'4:*3 A&*<'/9 /0 C:A0'' 3'3) )&:13)9 /' 1:'3'* 0*9 :*F:' *) '/<G
1:*<3) '( 0*) ;50'* (/ F:</9 7 F:0*</ '* /'4:*3) </<'9 7 <)3)/ F:<)/ </<'/9 (8)* '/ >1 ()/ ;J/0&)/ /)(0/</@ 1)F:' /)* ;0'/9 L /)/<'*03)9F:''*(;:/0&&)'/1)*3''/<'*);5'()/<0*)/
()3'*<'/'F:'3'*'(;0/;)</<'F:'<0*9714((K(&:'391:'/ 1)F:'(;:'3'9&)*8)*('((;*()/<(0*)/)3'*<'F:'(;)3)3' <6'(&:'3
U';5()V
,O &)*;:&C)1:(/):*(3)7)<)9&)*4*3'A'()&033971)*<0<:39(;0/;) <0';1)F:'/'<6''(*:;')/'6(3)/KTO
(.</0*)/'C8'6'*3)&)*(;*)3''&C9/)()'(10;'*:;')3' '/< 3'*<) 3'F:'((79 &);) /'1:*<<E/9 7 3'/1:G/ 3' C'03) /' &)'(;*)08F:0'3&)*(4:*B:'81)()/*:;')/(043)/93E*3)('/'( A()F:'1030''(<)*3/</F:<)C50(033'//)*(/;/&);:*'/3' (&0B<(0*')</C8''(&0)*'(;0/;):<)91')1)/';/1 )(0/</9 F:' 1 <6'3)'/ 3' 4:0< /)(;'*<'9 *) /' C8''(&0)* 3' '((/
)F:'3''/<)3'F:'/'CC'&C)'(&0)*'*()<)&*<'C50(033'/91)( 30B0&:(<3 3' ( 0;1'//0)* *) /' C8'* 3';)/<&0)*'/9 1:'/ 30&C) :<) C
50'<)(;0*/1)12/0<)1<)3/(/&0B/F:'C'/<;13)9/'30B0''* ()/'.';1()/9C/<F:';'30*<'0)//'0;10;*;7)&*<0333'&0B/ '/&)403/1(:'4)F:'/'&5'&)*'/<'(05)91;5)/0*/<:;'*<)/
:*F:' *8C5(3'()/0*3)/9'*'(0*<'0*F:'(('4*/:/&0B/91)/0 C:A0'')</*<'/9F:0')3A'<0&);)/'1:*<*97&);)/'<6'*
)3/(/A'8'/F:'/''*&)*<'*:*/<''/&);)'/</*<'&'3'*<';'*<'
()/ 1:*<)/9 &);) F:'3 '/&0<)9 /' C 3' <0* '*F:'(()/ 1:*<)/ F:' (/ <.''*H '( ;)3) 3' <0* '/9 C'0 ( &:'3 '* F:' /' <0* &)* ( ;*) 3''&C97;'*''(3'3)F:'1'<'*'&0''(1:*<)>'*(&:'397</<''* F:'/'B);@3'(;*)08F:0'3H'(;)3)3';'*''(3'3)'/9/'*</' 7 ('A*</' 3)/ A'8'/9 /0* 0*<'1)(&02* 3' <0';1)9 *0 /' C 3' C'0 &)* ( ;*)3''&C;/F:':*A'8'*&3<0*3)
3A0'</'9*<'/ F:' /' &0B'* ()/ //&(('/ F:' ()/ F:' /' <6'* 1) '( <0';1)3'1)1)&0)*;'*)9A*1:*<3)/&)*'(<'/971G*<'/0/3'5.)9 &);)'(10;')9F:''/<'*(3';)/<&02*3'(B)(
,D
9= )'(&:83)91)F:'F:'3<E/
=/'C30&C)F:'<)3)()F:'/'C)B'&03)&'&3'()F:''/(:0< /16)(9(/&0B/97'(;)3)F:'/'C3'<'*'11&<0&(/97:/3' '((/9&:;1(0'*3)&)*()F:')B'&''(<0<:()3''/<'(05)9F:''/'*&;0* F:0'*(/F:0/0''/5'(&)*)&0;0'*<)3'30&C/&0B/9730&C)0*/<:;'*<)H 1//';)/ 30/&:0 1) ( &0B 3'( 1 3' 3)/ )3'*'/9 1 F:' 3' ( ;'/; /:'<'9 F:0'* F:0/0''9 ( /'191&<0F:'9 7 '*<0'*39 7 <;50G* '*'( ;)3)3'M:/<'/<)/0*/<:;'*<)/9<';1(()/9<6'()/971)*'()/3'/:'<'9 F:' :*0B);'/ &)'/1)*3* ()/ /04*)/ 3' ( :/0&9 &)* <)3/ (/ &0&:*/<*&0/F:'('/1'<'*'&'*9R&
:*F:' /' 3'/1:G/ 3' A' &0B3) ()/ /&(('/ 0*B'/&01<)/ >1)
,+ 0;9K*308''*'&'/971:(4'*F:0*</(*:'A''(:83)97'(&0*&) &)*(4)7K*308''*0;97 '4:*3/97&)*'(1:(4'*'&'/97&)*'(() /'3*(/<'/A)8'/<)3)/()/1:*<)/
9= 9 1
9=
)F:' *) ;' &(:;*0'* ()/ F:' F:0/0''* A('/' 3' ;0 05)9 3' F:'
A0'*3)('/33)(:8'*(;*)9*)()/1)*4)'*'(&;0*)1)3)*3'C*3'0 4:03)/3'<*&())<'91)*3P(/&0B/F:'C'1)303)'&)4'91F:' <)3)B0&0)*3)&;0*'9/'197/'30A0'<97'.'&0<'9C/<C(((/F:'/' 1)1:/0')*9 &);1:'/</ 1) ()/ :<)'/'B'03)/9 L (/ F:' B:''* ;:&C) ;E/3'(4:/<)3'F:0'*(/F:0/0''
)F:' 1'&'3'*(4:*/ &0&:*/<*&0/ F:' *) /' C C5(3)9 /'3A0'<'
*<'/F:'/'&);0'*&'*(/&0B/9F:'F:*3)/'<6'3'/43)9*)/'1/'
)<)1:*<)C/<A'&53)3''.'&:<()F:'C:A0''F:'<6''*&3 :*)
/'4:*33A'<'*&0 '/9 F:' /' <0* '* F:(F:0' </<'9 7 &:'3 F:' <:A0''*<'/3'(*:;'):*W<WA4/0W<L/0W<-
/<'&'/F:'F:*3)'(<603)'*()F:'/'&0B1(:0<9719 <:A0''(10*&010):*W-W4*3''*<'3)/(0*'/93'*)<'(<0';1)97F:*3) /' <6' 1) 1)1)&0)* ;'*)H 7 F:*3) <:A0'' :* 4*3'( 10*&010)9 3'*)<'(<0';1)97F:*3)/'<6'1)&);1//0(()
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
*<'&'3'*<'/
04:*/' '/</ ('</ /)5' (/ &0B/9 1 F:' '( F:'1'*3' '*<0'*3 '(
7'&)*F:'/'C3'<6'97A7<6'*3)I&);1E/9/050'*;'<'*4)E(/ (0*'/F:'('3'*)<*'*&3<603)93'&);1I/&);1I/9F:'/)*(/F:' &:8*1)(/(0*'/'*F:'/'&0B9&);)'/<I3A'<03)(10*&010)3''/<' (05)9 F:*3) /' C5( /)5' '/<' 1:*<)H 7'&)*)&0'*3) F:' '/ 5/<*<' '( ;)<0A)9 *) :/P '* <)3/ (/ &0B/ F:' 1)*4) 3' (/ ('</ 'B'03/9 4'*'(;'*<'91)F:'(/8)*'/F:'C'30&C)9*);'1'&'<*B)N)/)9*0 1'&0/)
,?
2()4)3'
/1
*8);)
9 >+D@ '*PA'
Y30<0)*/0*X)BB3B&/ 4)8 0'4)Z''3')/3');'9D+
1
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
')*)*70&:/()*4&:;A'/<' &'3)/9 5()F:0<:*:;'0//'1<';30/&0;0*A)&:;9 ;F:''3';3040<0/90;1'&<0*'1:(/<
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
, /: 0/9 7 E ()/ F:' ';10'N* '/ ;'*'/<' 3('/ ()/ 3)&:;'*<)/ '* ()/ ;0/;)/)*'/97&*&0)*'/F:'3')30*0))7'*
*&'()*:*()/9)&<)'*'30&0*9&);1:'/<):*(050<)9&)*<0<:() 3' :0< /16)(9 '*/'6 &)* 3)/ &K&:()/9 '( :*) 3' ()/ 3)8' 1:*<)/ *<:('/97'()<)3'()/3)8'';)(3)/H'/;:75:'*)91')&)<)91:'/(' B(<();'M)9F:''/;:(<01(0&1<03/9730B''*&0//)5':*)3'()/3)8' /&(('/9 /0* /(0 3'( <)*)H *0 '*/'6 '( &);1E/9 *0 4)(1'/ F:' /' C* 3' 3
;50'* C:A) :* )<:4:'/9 0&)() )0&09 J/0&) 3' ; 3'( '6) *B*<'3'*(9'/<'0;10;02'*1)('/:*05)/)5'(:0<9'*/'6 ;:7 5:'*/'4(/ 1 B); (/ &(:/:(/9 <' :* 5'&'30)9 7 &0&:()/ 0*4'*0)/)/9 1') ( &0B &)* F:' ()/ '.1(0&9 ()/ &)*B:*3' ;/9 1) *) '/<
3;0<03)&);)'((B5'<)<(0*)9F:''/'(;'M)9;/:/3)97&)*)&03)3' ()/B0&0)*3)/
* '/<' <3) C((E/'4(/ F:' *) C' A0/<) '* *0*4:*) 3' ()/'B'03)/ :<)'/91)F:'E;/3''*/'6E;:(<01(0&:*/&((''*A'0*<'7F:<) ;)3)/ 30A'/)/9 &);) )<)/ C* 30/&:03)9 7 '*/'6 '( )&<) ()/9F:0 C((E/B);3';7)'/F:0(<'/91:'//)5'&3:*)3'()/A'0*<'7F:<) /&(('/9 7 3';E/ /)*'/9 <' '*/'6G E F:' <' 0*A'*<'/ <*</ 30B''*&0/ &);)F:0/0''/
:1(K&)<''&05/ /)() '( 3'/') F:' <'*4) 3'&'<9 7 /0 3'<';0*/ 3'
1'*3''/<C50(0339F:'(300M/E/:B0*10*&01(9F:'/'E(5*3)&)* '((( :<) 3'( *0A'/)9 F &)* ;/ 1)10 :/0& 30/1:/) (/ /B'/ '('/<'/ '*;)*0 1'B'&<9 1:'/ /)()/0 /'E <: :/0& &0'*&0 5'*G ;)3: (*309 &);) () '*/'6 4:/<K* '* /: 10;' 05) F:' '/&050) 3' :/0&9 1 F:' '('A3) E 0A0* )*<';1(&02*&);16'/ E ()/ ))/ *4'(0&)/9 C80'*3) &)*/)**&0 1'B'&< ( 5.'89 7 C:;0(33 3' *:'/< *<:('89 &)* ()/(<)/ 3' ( &09 1:'/ &);) 308' 'A'0*) )'&0) Z0/ 30&0<: :/0&:/ F:05/<&<<0)*' &*'30 /&0'*<0; *)* /'A0<0) )1'0/9 /'3 0;1'0)/1'&:(<0)*0//:;0<
=1);'<)9F:'/0'/<'10;';4)3';0C50(0339<0'*'5:'*&503'*()/
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
,-*'&'/0<'* 3' /' );1)/0<)'/ ) /' 1:'3'* '*<'<'*' '* '/<' <3)9 C/<F:'&)*'(BA)3'0)/3GE(:8()/3';E/F:'C'1);'<03)
1
'4(10;'3''*&)3(4:0<97()F:'&)*3:&'E'/<''B'&<)
* '( '*&)3 7 A0'339 1)F:' '* ); F:'(()/ '/<)/ /)() '*&:'3* ( :0< &)* &:'3/ 3'(43/9 /0* 1)*' *0*4:* 5)3)*9 *0 '* F:<9 *0 '* F:0*< * /16 '/( &)*<0)H 1:'/(4:*)/ :/* 3' 3)/ 5)3)*'/ '* ( F:<9 7 )<)/ 3)/ '* ( F:0*<9 7 E () ;'*)/9 &);) 3' )30*0)9:*)'*&3)3'*/<)/3)/;)3)/3''*&)3/)*5:'*)/91') 1 30A'/)/ 'B'&<)/9 1)F:' '( F:' F:0'' <6' :0< 1 C8' :/0&
:03)/9 ) &);16/' '( 5.) &)* (4:* <)*)9 ) <)*39 '/ ;'M) &)* 5)3)*'/(:0<9F:'/0*'(()/H1')/0(4:*)F:0'1:*<'&)*10;)97 3:(N:97:/3'(/&;1*'(/9F:''/'(;)3);)3'*)&)*F:')/' &);1)*'9 *) /('*50'* ()/ 5)3)*'/9 /0*) /)() &:'3/ 3'(43/9/0 '* (/ F:</9 &);) '* (/ F:0*</9 &);) <'*4) 4*3' '.1'0'*&0H 7 '/ (8)*9 1)F:' 1 C8' ()/ <0*)/9 7 '.</0*)/9 7 3';E/ 4(*<'0/ 3' ;*) 08F:0'39 /07 5)3)* 0;103'9 1) /' ( :* &:'3 4:'/9 7 ( )< ( 3'(4397*)1)3'(;*)10/&)*04:(3397/:4'<<;50'*:*&:'3
'&09&);)3)/3'(43/H7E;/3'/<)9F:'&)*5)3)*'/9/0C8'/(('<9) 1:*<)9F:''/'(/)('9'*(:/0&/('(F:0*<A&*<''*F:<5.)9 7 &)*B:*3' '( 10*&01( 5.)9 7 (' 3 (4) 3' 0;1'B'&&0)*9 &)*B);' '( &)*<1:*<)'*/'6H7/01:'3'/'/&)4''(;)3)F:'<'4:/<'3'()/3)/9 /'4:*1'(B0*F:'<6''/
&)*)&'F:'&:'3//)*E1)12/0<)9F:0')3'80()F:'C'3F:003)&)* (1&<0&*<'/3'1)*'(&:'3'*'(0*/<:;'*<)9'/:*3'(//'6('/ '.<'0)'/9'(F:'/'&0/<(0*971'MH1')E;/3'/<)9&)40'*3):*<'&C) 3'(30/<*&03'(:0<9(<0/&)*(/3)/;*)/97(:'4)('5<0E/ &)*:*3'3)9<'*30'*3)9F:'/0A0''/'*(&:'3&)*B:/0)*3';:&C/9F:' /''5:'(A'* E ;)3) 3' C)*3/9 *) A('F:'( <'&C)9 1') /0 A0''/ F:' /' ;:'/<*3)/&:'3/30/<0*<;'*<'9C/<F:'/'F:0'<'9'/5:'*
') E A'8'/ *) 5/< '/<)9 1)F:' /0*) 4:3 1)1)&0)* 3' ()'&0)9 ) 3'(43)9 &)* (/ 3';E/ )3'*'/9 *) <' /'A0EF:'(( &:'39:*F:' ( ;:'/<'.<'0)971:'5B:G5:'*97/0'/;'*'/<'1:'50*<0*/'&'*( &:'3H7<0'*3''/<'4(9F:''/&:0)/
)*3E/ ( &:'3 '* ( :0<9 7 <0*3)( () F:' F:0/0'/'/9 5:/&E/ '( 3)8'*) </<'9 F:' '/ M:/<;'*<' ( ;0<3 3'( 0*/<:;'*<)9 ) 30/<*&0 3' :* 1:'*<' E )<)9 7 CE/((0 1:'5 <';<0& 3' '/<' ;)3) 6' ( &:'3 A&*<'97/0C(('/F:'C8')&<A(;0/;&:'3'*'(3)8'*)</<'9'/ 5:'*F:'((&:'391')/0*)950'*1:'3'/5:/&)<97/0*)(<:A0''/9 1:'3'/';'309 /0 *) 3'( <)3)9 '* 1<'9 ;:3*3) ( &:'3 () 3'05 E 5.)H 7 '/< 1:'5 /:'(' /:&'3' ;:&C/ A'8'/ 50'*H 1') () '(9 7 0*3'B'&<05('9'/'(;'30971)5(&:'3'*'(3)8'*)</<'9);'30)3'( :0<
/ &:'3/ 1 F:' '/<G* '* /: 1'B'&&0)*9 7 *) /' 4/<'*9 /' 3'A'* &)*/'A'*:*&40((9)&6)*3')M3'(<92/0*)9'*:*A3*0((&)*
8'0<'3'(;'*3/3:(&'/H7/0*)<:A0''/&);)30331'/)94:3(/'* :*1:&C'0(()';5'*0N3)50'*&:50'<)97/0B:'/'*:'A)9'/;:&C);'M)97
/0<'*3E/(/&:'3/B'/&/97/'&)*/'A*'(<0';1)F:'F:0/0''/
1
'4(/'4:*33'(<';1(
'A'*03/97'/&)403/7E(/&:'3/91'*3'E/E<';1(3''/</:'<' );'*NE/ 1) (/ <'&'/9 7 '/</ (/ 04:(E/ 3' ;)3)9 F:' C4* :* ;0/;A)89*)/:50'*3)(/;:&C)91F:'(/3';E/&:'3/1:'3*(('4 E<)*)'/1:'/(/F:0*</'*A&0)9/'04:(*&)*(/<'&'/910/3/'* /'4:*3) </<' '/1:'/ (/ /'4:*3/ '* A&0) &)* (/ F:0*</9 10/3/ <;50'* '* /'4:*3) </<' '/1:'/ (/ F:</ '* A&0) &)* (/ /'4:*3/9 10/3/ '* <'&') </<' = :(<0;;'*<'9 ( 10; '* A&0)9 &)* (/ F:</ 10/3/'*/'4:*3)</<'9&);)A'/'*'(/04:0'*<''.';1()
1
'4(<'&'11)*'()/</<'/
)/</<'//'M:/<*&)*(10;3'/</:'<' <'&''*A&0)9'/)&<A 3'(<'&'</<'3'(10; F:0*<'*A&0)9'/)&<A3'(F:0*<)</<'3' ( 10; /'4:*3 '* A&0)9 '/ )&<A 3' ( 10;9 10/3 '* /'1<0;) = :(<0;;'*<'(F:</0*10/9'/)&<A3'(10;10/3'*3'&0;)</<'9 3'3)*3'1)3E/&)*4'<:'(1:'/<)3'()/3';E/.';1()
503) 7E '*&)39 <';1(9 7 '*</<9 /5E/ 50'* '* ( ;';)0 '( 5'&'30)9 F:' C((E/ &0B3) 3'5.) '( 5'0*<)9 7 &)*<0'*' /)()/ A'0*<' 1:*<)/9 F:' 5/<* 1 B); <)3/ (/ &)*/)**&0/ 1'B'&</ 3' ( :0<H 7 &)* /)(/ '/</ A'0*<' ('</91'E/ &)* 4* B&0(033 <)3
F:'((;F:0*3'(10;'140*H7/''*<0'*3'/0(&0B3'(/('</
1
'4(F:<97'.1(0&&0)*3'(5'&'30)<(0*)
,-10;')</<' (3)/9'(/'4:*3) (<'/9'(<'&')97/0/:&'/0A;'*<'&)* (;0/;1)1)&0)*3'*:;')/E</<'//&:'3/F:'*)<0'*'**:;') '*'(/4:'3)9<;50'*/'<6'*9'*'(:*<'3)9/)()(/F:'/'1:*<*97 (&:'3F:'<:A0'/':*&')9/'<)&E/0*10/
503) 7E ()/ 1:*<)/ 3'( (B5'<)91'*3'E/ F:(F:0' <)*)H 1') 1) ;/ B&0('/91)*3G3'5.)'(;0/;)5'&'30)3)/'.';1()/'*3)//&(('/9 F:'1)/'5'A'/'/<)//)*'/9F:0')F:'A'//'A'33()F:'<'1)1:/'H 7 B);*3) ( 9 *) ;:'A/ ( ;*) 08F:0'39 F:' *) 3'/ ()/ 4)(1'/ 3' ( ;*) 3''&C9 F:' /)*F:'(()/ /'6(3)/ F:' /' /04:'* 3'/1:'/ 3' (/
('</A4 0'(/'6('/E805.)93E'(4)(1'E80F:'((1<'97/0'( /'6(B:''E80059C/();0/;)93*3)<*<)/4)(1'/&);)/'6('/
503)7E'(/&(('9;0(5'0*<)9&)*'(F:(<'&);1)*3E/9*)/)() )<)/ A'0*<' 7 F:<) /&(('/9 1') 1) &3 :*) 3'/<)/9 )</ A'0*<' 7 F:<)3'0B''*&0/97;:&C/;/'*'/<B);
1,
'4(F:0*<93'&(&0)*3'(5'0*<)
Z((E/ '* '( 3)8' &)(:;*/9 F:' /)5' /0 <0'*'* *:;')/9 7 /' 30/<0*4:'* <;50'* &)* (0*'/ ;/ 4:'//H &3 &)(:;* <0'*' 3)/ 1<'/9 F:' '/ ( <'&'9 ;7)9 7 ;'*)9 ) &);) 308'* A:(4;'*<'9 '( *<:(9 7 5';)(3)H <)& '( /&((' F:'1'*30/<'9 7 ;0 3)*3' C((E/ ( 9 '* (/ &/0((/ ;/(</ 3'( 5'0*<)9 7 ( CE/ '* ( <'&' &)(:;*( (3) 3''&C)H 3'/1:'/3'(95:/&()<('<3'(/&(('9F:''/(97(C((E/'* (F:<&)(:;*H3'/1:'/3'(95:/&()<('<3'F:'/'&);1)*''( /&(('9F:''/(97(C((E/'*(/'4:*3&)(:;*((3)3''&C)
Z'&C'/<30(04'*&09&)*:*/&(('/)()/'/&E*A'0*<'7F:<)3'/<' ;)3)9 4:3*3) ( ;0/; 1)1)&0)* 3' &)(:;*9 7 &/0((/H '/<) '/9 F:' &);)B:')*3'(<'&'&)(:;*E(F:<9/0&);0'*N/'(/&(('3'( /'4:*3 &)(:;*9 0E/ 3'/3' '/< E ( <'&'9 7 3'/1:'/ E ( 10;'9 &)*&(:7'*3) 3)*3' &);'*N/<'9 1)F:' ( ;0/; 30/<*&0 3' :/0&7 3'/3' '( ( - F:' 3'( -( , 7/0 3' <)3/ (/ ('</ 3'F:'(( <5(H 7 4:3*3)(;0/;1)1)&0)*3':*/&(('9<'&);1)*3E/,30B''*<'/9 7/03'()/3';E//)*'/
1,
'4( /'.<9 1 &);1)*'/' &)* '( 5'0*<) 30B''*&0/ /)5' F:(F:0' <)*)
') 1)F:'3'/') F:' /'1/ ;:&C) ;/9 *) F:0') 3'.<' &)* ()'B'03)9 F:' 7E C* '*/'63) )<)/ ;:&C)/H 1') F:0') '*/'6<' E &);1)*' 30B''*&0/ /)5' &3 :*) 3' <)3)/F:'(()/ F:' ;:(<01(0&/<'9 7 '/< '/ (
'4(F:'7)C'30/&:03)97C/<)*)(C'A0/<)1&<0&E*0*4:*)3' ()/'/<)/F:'C*&);1:'/<)97'/;:7B&0(3''/</:'<'
,--Q:*3)<6'/(9'*/:(:41:'3'/<6'F:(F:0'3'(/<'/('</F:' '/<E*3'5.)3'(9'&<(0*'971'1'*30&:(97F:*3)3'((K1//'/E ( 9 1:'3'/ '/&)4' E <:50<0)9 '* (:4 3' '( 9 F:(F:0' ('< F '/< <;50'*3'5.)3'/0'&<(0*'971'1'*30&:(H73'/1:'/&);)/'A/E( 9 1:'3'/ <;50'* '/&)4' F:(F:0' 3' (/ ('</ F:' '/<E* 3'5.) 3' /09
'&<(0*'H73''/</:'<'1:'3'/C8''*:*/)*<*</30B''*&0/9&);) /(<)/1)(/&/0((/3'3)8'('</9F:'/)*<*<)/9F:'*)()/1)3E/&)*< /0*;:&C0<;G<0&
1O
'4(/'1<0;91(('A(;*)1)<)3)'(/<0(3'(:0<&)*4*3' B&0(033
)/ *:;')/ F:' C(('/ /)5' ;:&C/ ('</ 3'( 5'0*<)9 7 1:*<)/ 3'
(4:*)/ /)*'/9 /)* 1 &)< ( :0< &)* '( 0*30&'9 C80'*3) &'40((9 7 1:'*<'3G(H&)*F:'/0/'C(((9&)*:*-'*&0;9/'C3'<'*3''(0*30&' '* '( <'&') </<' = 3'/1:'/ &)* ()/ 3';E/ 3'3)/ B); ( 9 &);) /0*) <:A0'*:;')91:'/'(*:;')*)('A0(B);9/0*)'(C8'(;/059 2;/5.)9&)*B);''(*:;')F:'<'*4/)5'/0H7();0/;)CE/&)*(/ 3';E/('</F:'<0'*'**:;')//)5'/091:'/1)'/)9:*F:'/)*;/3' &0'*<)(/('</3'F:'/'&);1)*'(<5(9*)<0'*'*;/F:'A'0*<'B);/ 30A'//9 F:' /)* (/ A'0*<' ('</ 3'( 5'&'30)9 1)F:' (/ 3';E/ F:'
(4:*)/ 63'* ( (B5'<)9 &);) /)* ( 9 9 7 )</ 9 (/ <'*4) 1) /:1'B(:/91:'//'&);1'*3'*97'.1(0&*1))</3'(/A'0*<'F<''*/'6) /<'/(;'M)'.1(0&&0)*F:'<'1:'3)33'/<59&)*'((97:*1)&) 3' '/<:30) F:'1(0F:'/9 7E *) /'E 5'0*<)9 /0*) <5M)9 7 )5 <:7H 7 () F:'3'(;)30.):*<0*)9/'1(0&E(1)12/0<)
;)F:0
/<5'0*<:/)1:/F:)39/0<:(5'0/0*<:/9 )*5'0*<:/'0<9B'3(5)0*<:/'0<
1D
'4()&<A91B);(/B(//971:*<)/;/30B0&:(<)/)/97'.<A4*<'/ 3'(:0<9F:'&)*<0'*''(/'4:*3)5'0*<)
,-,
(('*) F:' /' 1:'3' <6' '* ( :0<H 7 B0*(;'*<'9 <)3)/ ()/ 1:*<)/ &);<0&)/9 &)* /:/ &)*/)**&0/9 7 30/)**&0/9 F:' '/ ();/30B0&0(9 7 /)* 3'4*3':<0(1'(F:'3'/'/5'&)*B:*3;'*<)97&);16/'&)*( A)8(<0';1)920'3''/<)/1:*<)/()3'.)E<:50<0)91)F:'&);)*)'/ ;/ F:' :* 4'43) 3' (043:/9 1:'3'/ 3'<'*'<' '* &3 1:*<)9
/4:'*3)9 21*3) <)3/F:'((/ B(//9 '( <0';1) F:' <' 4:/<'H 7/0 &;0*E/1)<)3/'((/&)*3:(N:974A'33H()/:*)/1:*<)/B:'<'97()/ )<)//:A'9&)*B);'<:5:'*'('&&0291)F:'<)3)/()/&);1/'//'0;0<* :*)/E)<)/)*3E/&:033)9F:'C((E/;:&C*)A'333'1:*<)/
04:0'*<' 3'/1:'/ 3)/ 140*/9 ( 10;' &)*<0'*' ()/ /)*'/ )30*0)/ /16)('/ 3' /4:'3)9 1 F:' &)* '(()/ '( F:' ';10'89 /' B&0(0<'9 7 /'6)'' 3'( 0*/<:;'*<)91:'/ &)* '/<)/9 7 ( <5(9 /'1:'3' &);1)*';/ 3' ()/ F:' <' 1:'3) '*/'6 04:0'*<' )< 140*9 F:' &)*<0'*' <)*3/ *&'// &)* <(0*/9 F:' 1) /' '( * :F:' 3' ()'*&09 7 '( 3' *<:9 <'*3E* (4:* '.&'('*&0 Q:*3) C(('/ '* F:(F:0' /)* 3)/ 0</9/04*0B0&9F:'3'/3'((0/'C3''1'<0/'4:*3A'8F:'((;:/0&
Z/< F:0 /)* 3)&:;'*<)/ 1 <6' /4:'3)9 7 /0 (4:*) 3'/'
3'(*</'97/5'1:*<'50'*(:0<9('3G(/'4(/;/10*&01('/ F:' :/* ()/ ;'M)'/ '/<)/ 3' );9 F:' 1) A'()/ 1&<0&3)9 7 &)*&:03) &)* '(()/ '* ;:&C/ &3';0/9 (/ 1'*3K 3' <)3)/9 7 '* 1<0&:(3''(0))(0/<9B')3''/<)/<0';1)/93'&:7)/0*;'*/)/:3('/ 3':/0&91)&:G9&);)F:0'*B:GE(B:'*<'9&)4''(;//)*))&0/<(F:' 1:3);0&)<&1&033
1+
'4(10;'93)&:;'*<)/973A'<'*&0/4'*'('/1<6'3':*<'3)
:1:'/<)F:'()/*:;')//)*()/</<'/'*'(:*<'3)94:3*(/04:0'*<' '.'&:&0)*(&')/04*0B0&9F:'(&:'3'*F:'/'C((9/'<)&/0*10/97 F:*3)/'C((*3)/9<'/92F:<)*:;')/9A4
'* 3''&C) :*)/ 3' )<)/9F:'(()/ /' <)&E <)3)/ M:*<)/9 /0*6 (/ &:'3/9 &);) ;:&C)/ C8'9 /0*) &)* ;:&C 1)(0&09 () F 5/<' 1 F /' 1'&05'(/)*03)97*)'(0;1:(/)3'(;*)91(0&*3)9/0B:'/'*'&'/0)9'( F:<)3'3)3'(;*)3''&C1(F:<A)89'*(4:*)/1:*<)/*()/ 3';E/*:;')/F:'/'/04:'*:*)/3'</3')<)/9'*:*;0/;&:'392 '* 30A'//9 <)&/' /:&&'/0A;'*<'9 1)&:*3)9 F:' ()/ 3'3)/ 3' ( ;*) 3''&C/''1<*50'*1)(/&:'3/9(<'**3)()/;)A0;0'*<)/97F:':* 3'3)*)<)F:'3)/4)(1'/&)*<0*:3)/
,-O 1+
'4(/'4:*393'(;*)3''&C
'( 1:(4 3' ( ;*) 3''&C9 '/ *'&'/0) <'*' 4*3' &:033)9 1)F:' &);) /0';1' <)& ( A)8 5.9 /0 C(('* 3)/ *:;')/9:*F:' /' '* (/ 3)/7/ ;/ 5./9 1)&:'* F:' '( 1:(4 <)F:' '( 54'<'9 1)F:' (' 1'<'*'&' EG( '.1(0&F:'(( A)89 1 F:' <'*4;/ &:'1)97 1)F:' *) /:'*<;50'*(/'4:*3C'03E8005&)*'(K*30&'9&);)'(1:(4E80
5.)9 7 1:'3'* 1)5 '/<'4( '* ( <'&' 30B''*&0 3' ( &9( F:<) &);1E/9 7 '.1'0;'*<E/9 F:'((0 '/ ;'M) <6' ( /'4:*3 &)* '( 1:(49F:'&)*)<)3'3)97/0;0/;)'*)<)/&/)/
1?
'4(<'&'93'(;*)08F:0'3
;*)08F:0'33'5'1(0&/'&)*45)975080(;/<0(9/0*/0()&)* '(1:(491:'/'/<''/'(<0;)*3''/</)*)5F:0((97*)C3''/<B0.)9 /0*)30/1:'/<)E<)3)/()/0'/3'(/<)*3/973'5'0;/'97C8'B:'8 '*;'30)('/1(33'(;/<0(97(;:6'&0*&(0*(E80(/&(A0M/91F:' (;*)A73''&C97/'F:''*;'M)()/3'3)/ :1:'/<)7EF:'/5'/ (('A 50'* ( ;*) 08F:0'3 1) ( :0<9 '/ *'&'/0) '.'&:< 30A'/)/ 10;)'/97C50(033'/9F:'/)*()//04:0'*<'/ '/'6(*97((;*/0
1?
'4(F:<93'(<0*)
(<0*)97)3'*<'/)*;:7/';'M*<'/91')<;50'*/'30/<0*4'*9'*F:'( A)8 3'( 0*)9 *) /' B0; 3)*3' /' <0*9 /0*) ;'30) 1:*<) ;/5.)H 1') F:0') 3 :* B;)/'4(9 1 F:' /'1/ 3)*3' /(' 50'* '( <0*3)9 7 () 1)3E/C8'/0';1'9:*F:'*)()C(('//'6(3)
* 10;' (:49 ( 10;9 7 /'4:*3 A&*<'/9 /0 <:A0''/ 3'3) 3'/)&:13)9 <0*(/9:*F:'*)'/<G1:*<3)'(0*);50G*(/F:</97F:0*</'* /'4:*3) </<'9 7 <)3)/ ()/ F:<)/ </<'/ 8)* '/9 1)F:' /)* ;0'(9 2 /)/<'*03)/9F:''*(:/0&&)'/1)*3''/<'*);5'E()/0*)/
1?
'4(F:0*<93'()3'*<'
()3'*<'/'F:'3'*'(;0/;)</<'F:'<0*9714((0(&:'391:'/ 1)F:'(;:'3'9&)*8)*('((;*()/<(0*)/)3'*<'9EF:'(;)3)3' <6'(&:'3
,-D
1
'4(/'./<93'(';5()
(';5()/'C8')30*0;'<'&)*'(3'3)1'F:'6)97<;50'*(4:*A'8 &)*()/)<)/93'/0;*3)(;*)3'(;/<0(9'5<0'*3)(&)*;:&C)1:(/)E :* (3)9 7 E )<)9 &)* 4*3' A'()&0339 7 1)*<0<:39( ;0/;) <0';1) F:' /' <6''(*:;')/'6(3)/0T
1
'4(/'1<0;93'(.</0*)
(.</0*)/'C8'<6'*3)&2(;*)3''&C/)()9'(10;'*:;')F:' '/<E 3'*<)F:'(/4)9 3' '/< /:'<'9 7 3'/1:'/ 3' C'03) /' &)' ( ;*) 08F:0'3 &)*(4:* B:'N9 1) ()/ *:;')/ (043)9 3*3)('/ '( A() F:'1030''(<)*3
/</F:<)C50(033'//)*(/;/&);:*'/3'(&0B<(0*91'):*7 3)/;/9F:'1)&/A'8'//'1:*<*H1')1)*)3'.<)3)F:'(()F:'/' 10;))/)9 7 '/ () ;/ 3'(0&3) F:' <0'*' ( :0<9 7 *) <0'*'* ()/ 3';E/ 0*/<:;'*<)/9()/3'&(G<;50'*H7<0'*3'&)*&:033)E()/04:0'*<'
1
'4()&<A93'(1)7;'*<)97/;)/<
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
,-+
1
'4(*)*91<6'1'3)
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
1
'4(3'&0;974'*'(E<)3/(/1/3/
.1(0&3)/ 7 <)3)/ ()/ 10;)'/ 3' :*9 7 )< ;*)9 '/ *'&'/0) /5' '( :/)971&<0&91)F:'&330A';)/F:'3)/<6'E*:*1)10<)*397 ;0/;)&);1E/97*))5/<*<''(:*)&)*<'*<97'()<)30/4:/<8)*'/9 1)F:' ( ;*) 3''&C C 3' 0 04:( &)* ( 08F:0'39 <6'*3)( ;0/;) 0*/<*<'F:'10/()<97*)<)3)/()C8'*/097A'8'/*)5/<'/<)9/0*) F:'/'10/'*(/&:'3/&)*<'973'/<'89F:''/3'/</:'<'H7<0'*3'9 F:'()/04:0'*<'0;1)<;:&C)
Q:*3) 3' :* </<' 5./ )<)9 *) F:0<'/ '( 3'3) &)* F:' (' 10//9 C/< F:' '( /04:0'*<' 3'3) '/<G 10/*3) '* '( )<) </<'9 7( 0*/<*<' ('A*< '( 3'3) 10;')9 &)* F:' 10//<'/H 1)F:' ('A*< '( 3'3) &)* F:' 10// '( - *<'/3'10/'(:*)9'/<6'3';<0*'<'97C8':*<'&(3)'*(:0<9 F:')B'*3'()K3)97C'&C/E1'3'F:*<)<6'/
1
'4(:*3'&0;97:(<0;1<6'E&);1E/
*F:*<)(0'3'()//)*'/97E'/<E1:*<3)04:(;'*<'10B0/</97 )(/0/</H '/<)/ *) *'&'/0<* 3' '.1(0&&0)*9 1:'/ C((* /)5' ( &0B (/ ;0/;/ B04:/ 3' ( :/0& 1') 1 ()/ F:' *) () C* '/<:303)9 7 /)()
1'*3'*1)(&0B94)A'**3)/'1)'()03)930G<;50'*();/'/'*&0(9 1F:''*<0'*3*50'*'(0'97&);1E/3'<)3)()F:'/'('/&0B'
,-?
&);1E/97<0';1)3'(/16)('<)()F:(9F:*3)(('4'<:/;*)/:* 11'( 3' &0B >C5() /0 '/ 3' 5:'* '/<)9 7 '/<E &)*<'9 7'4(@ ;0 () 10;') /0*<'/ 3' ()/ *:;')/9 2 ('</ 3' ( <)*397( 10*&010) :* 9 4*3'9 2 :* - 1:'/ /0 ( <( &0B <0'*' ( 9( 10*&010)9 3(' '( &);1/9 7 <0';1)F:'(('A(((3H7/0&/)<0'*'(10*&010):*-4*3'93('E F:'((&0B9'(&);1E/97<0';1)3'(/16)('<H71:'/<)3)/()/0'//'
'3:&'*'/<)/3)/<0';1)/93'.*3)(30/<0*&0)*3'(1)1)&0)*92&);1E/ ;7)92;'*)95/<*()/3)/'.';1()/
Q:*3)'( );1/0(() C(('/:*B04:'3)*3H A4 A(':* &);1E/ ( &0B F:' '/<E 3'5.)H 1') /0 ( B04: B:'' &);) :* 3 5(*&9 A4 A(' ;'30)&);1E/(&0BF:'<0'*'3'5.)H/0B:''*'493'/</:'<' A('( F:< 1<' 3' :* &);1E/H /0 <0'*' :* 4*&C0(() 3'/< ;*' ((;/' )&C'97A('()&<A1<'3':*&);1E/(&0BF:''/<:A0''3'5.)97 /' 5'A0 ;:&C) C/< C(( )< /'6(H /0 &/) <0'*' '( 4*&C0(() &:('5'3)93''/<';)3) ((;/' ';0&)&C'97()/*:;')/F:'<0'*' 3'5.)/'&)G;:&C);/F<)3)/9C/<<)1)<)/04*)
) '* ( 1)1)&0)*9 2 &0B F:' <0'*'( 10*&010) :* <'/ 4*3'9 A4 - ( B04:'3)*3&)*:*1:*<0(()9A4A(':*&);1E/973E/'/<'A()E( &0B F:' <'*4 3'5.)H 7 ( B04: 5(*& F A(0 ;'30) &);1E/ '* '( );1/0(()9 A(' :* <'&0) '* ( 1)1)&0)*9 7 3'F:0 &'*3) (/ 3';E/ B04:/9<'1:'3'/4)A'*3A0<0'*3)9F:''*<)3)<0';1)C/3'3E(/ &0B/'(A()97&);1E/3'(B04:F:'<0'*'*/)5'/0H7/0'*(4:*4*3' <'&C) *) /' C(( /)5' ( &0B )< B04: 3' :/0&9 E <)3)/ F:'(()/ *:;')/('/3E/'(A()3'(B04:F:'(10*&010)<0'*'*)()F:(9/0'* '( );1/0(()9 2 )1)&0)* /' C(( :* B04: 5(*&9 <6'E/F:'(( &0B ;:7E'/1&0)H7(&)*<0)9/0C((/B04:*'497&)*:*4*&C0(()9<6'E/
10/F:'((&0B9/0*3'<'*'<'9C/<F:'C(('/)<B04:9:*F:'/''* 4*3'30/<*&09&);)/:&'3''*(4:*/4()//9F:'3'/3''(10*&010)3'( <)*39/'&)'/0*1C/<'(B0*97/0<'1)*3E/4)A'*'*<)3/(/ &0B/H7/0<0'*'/&:033)3')5/'A'/<'4(/9<6'E/F:(F:0'11'(3' &0B&)*'(0'97&);1E/F:'103'(:/0&H/0*A';'*'/<''/<)3' 10((F:'<'()'.1(0F:'
/<'<3)<'1)3E/'A03'/:;:(/9710;')/:30;'*<)/9'&05'/)();0 A)(:*<39 7 &06)H 7 '* &'30<) 3'/< A'339 1:5(0&) '/< 10;' 59 7 3'/1:'/ (/ 3';E/9 '* 5'*'B0&0) 3' ( M:A'*<:3 50'* 0*&(0*39 1 F:' 3'/1:'/ 3' (/ <'/ 10*&01('/ 3'( '/<:30)9 1:'3 '( A0<:)/) 3'/<' '( )&0)&)*'.'&0&0)<*3'&'*<'&);)'/<'9&)*/'M*3)<'&)*:*)'<
*<'1)*'<:0/0*<'3:;4:30&:0/9
<1)//0/*0;)F:';F:;/:/''(5)';
F:''&'3)'(*0;)95:'(A/3'/1:'/&)*;7)&)*<)<:10*&01( )&:1&0)*9&)3*3) &)* <: 1:3'*&09 ()/(<)/9 7 5.)/ 3'( <0';1)H 7 *) B:'1;01)&)4()09/0'/<:/0&<'1</'3')</;'*)/3'&'*<'/9 1:'/1)30/'*<)*&'/3;'(/4&0/&)*Z)&0)'*/:<')'<0&
,-;*'<:(0<1:*&<:;9F:0;0/&:0<:<0('3:(&09
'&<)';3'('&<*3)910<'F:';)*'*3)
,,
2()4)3'
/1
*8);)
9 >+D@ '*PA'
Y30<0)*/0*X)BB3B&/ 4)8 0'4)Z''3')/3');'9D+
1
)*'(/04:0'*<'5'&'30)/'/5'*<)3)/()/1:*<)/1'B'&<)/3(4:0<
'&(&0)*3'(/3:3/F:'1:'3'*)&:0/''*'(B);'/<)/1:*<)/
/ &0*&) (0*'/ ;/ /:<0('/ F:' 1/* () (4) /)5' '/<)/ ;/<0('/ /04*0B0&*(/&0*&)&:'3/3'(:0<
)() /' 10/* (/ &:'3/ F:' 1/* 3'5M) ()/ 1:*<)/ 3' ()/ 3'3)/ <'*0'*3)()/F:'3)/7*)(('4&)*'(3'3)F:'10/)<&:'3F:'( F:'<0'*'3'5M)(1:*<27';
,, *)<)/1:*<)/&);)/)*Z'(0*30&'10/<)3/(/&0*&))3'*'/ 7'*'/<)/&0*&)1:*<)/9'(0*30&'/''/<0'*3'7(4/)5''(/<0(110/ &)*04:(33<)3/(/&:'3/
,,
2()4)3'
*&0/&):'
:
9 >++@ )*3)* '&( 3 B&/ 303
*:'(:083':49D,
1
)()4)(B0&0)*3)
)970<:)/)B0&0)*3)9(4:*)/6)/C9F:'C'3'/'3)3E<:B0&0)* ';1(') &)* '/< 0*:<0( ;:'/< 3' ;0 &)< C50(033H ;/ 1) A0)/
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
1,
3A'<'*&0/()/10*&010*<'/
00*<'*<)1)*':30;'*<)/'*'/<'05)110*&010*<'/91)F:'E (A'339()F:''*G(/'&)*<0'*'9;/'/1F:0'*<0'*'(;*)/:'(<97 C50(0<39F:'*)1()/F:'&'&'*3''.'&0&0)H;/1)/0(('4'E(3'
(4:*B0&0)*3)9 F:' *) <'*4 0*<'(04'*&0 3' ( 0B9 *0 '/<) F:' (' '*/'6'973'/'/5'9C4)'/<5'A''.1(0&&0)*3'((
) 10;')9 C 3' /5' F:' (/ &0*&)7/ 3'*)<* ()/ &0*&) )3'*'/9 2 &:'3/ 3' ( :0<H ( ;/(<( 5)32*9 7 (/ 3';E/ 3'/&'*30'*3) 1) )3'*
)/'4:*3)9F:')</7/1'F:'6/9F:'E<'&C)/&:8*(/&0*&)9/0A'* 130A030()/&);1/'/ 7F:*3)73)/7/9/)*/'6(3'F:'((0&5 (30B''*&03'()F:'/'<)&
) <'&')9 C 3' '*<'*3' '* F:*<) E ()/ *:;')/9 F:' '( &') /' ((; A&K)91)F:'(&:'3F:'&)'/1)*3'E(7'*F:'G('/<E9/'<)&'* A&0)H'/<)'/9/0*10/(&)*(;*)08F:0'3'*(4:*</<'(:*)/'6( '(10;'</<'9'(3)/'(/'4:*3)9R&
,,-( 10*&010) 3' &3 )59/0 /&(('/9 &);) )<)/ /)*'/9 /' 1)*' :* 4*3'9F:'/'((;)1)&0)*;'*)/<7-3'*)<*'(<0';1)977' &)* F:' /' C* 3' <)& (/ <('/ )5/ =:*F:'7 )</ 30B''*&0/ 3' 7'/9 &);) ( 0)*9 7 *0)9 F:' (' <0'*'* 3' )1)&0)* ;7)9 ;' A(4)/)()3'/<)/91)*)&:/&)*B:/0)*E()/F:'04*)*(:/0&
* ()/ /&(('/ <;1)&) C4) 30/<0*&0)* 3'( );1/0(()9 7 );1E/ ;7)9 1) ( ;0/; 8)*H 7 1)F:' (/ ;0/;/ *)</ 3' :/0& CE* *3 3'/1&0)9210/(6'3)9/'4:*'((/B:''*
)5'()/*:;')/C((E/:*/*)</3':/0&3''/<'4'*') 3' (/ F:('/9 ( 10;' /' ((;9 ';05'A'H ( /'4:*39 0*0;H ( <'&'9 ';0*0;H ( F:<9 )&CGH ( F:0*<9 ';0&)&CGH ( /'.<9 '/';0&)&CG9 2 5<G * '( );1/0(()9 F:' '/ <0';1) 1'B'&<)9 '( ';05'A'A(':*);1E/9(0*0;;'30)9( ';0*0;(F:<1<'3' :* );1E/9 ( )&CG ( )&<A 1<'9 ( ';0&)&CG :* 1<' 3' 30'8 7 /'0/9 ( '/';0&)&CG :* 1<' 3' <'0*< 7 3)/H &)* F:' &3 :* 3'/</ *)</92B04:/<0'*'(;0<3;'*)/3'A()9F:'(F:'(1'&'3'H71)'/<
8)*/'C*3''.'&:<(/F:'<0'*'*;'*)/A()(;0<3;/10/*( )1)&0)*9 F:' '/ <0';1) 0;1'B'&<)9 '*<*( &);1E/ :* 0*0;9 7 :* ';0*0;H<'/ ';0*0;/9/'0/)&CG/93)8' ';0&)&CG/9A'0*<'7F:<) '/';0&)&CG/ '/</ *)</9 F:*3) '/ ;'*'/<'9 /' ('/ 1)*'* :*)/ 1:*<0(()/((3)9F:'(/:;'*<*(;0<33'(A()F:''((/<0'*'*H7F:*3)
/0(/C(('/9<'3'<'*3E/;/'*'((/;50'*3A0'<)9F:'(*)<F:' '/<E/)5':**:;')9/0A'1()/F:'*)(<0'*'*H3'/:'<'9F:'/0C((/ :*)&CG/)5':**:;')9<)3)/()/F:'/'/04:'*/0*<'*'*)<'*&0;9 C*3'/')&CG/9C/<'*&)*<)<*)<
Z((E/(4:*)/*:;')/&)*:*7&)A3'5.)92'*&0;93'/<;*' 9 F:' /' ((;9 .</0*)9 '( F:( 3E E '*<'*3'9 F:' ()/ <('/ *:;')/ /' C* 3' '.'&:< &)* ( ;*) 08F:0'39 3*3) &)* ( 3''&C ()/ 4)(1'/ 1'&0/)/ '* ( &:'39 1 F:' /:'*'9 7 *) ;/ .';1()9 3'/<)/ F:<)*:;')/C/3'C'0(&:'3&)*(;*)3''&C/)()'*'(10;')9 7 1)/'4:0 ()/ 3';E/9 10/*3) ()/ </<'/ F:' ('/ &)'/1)*3'*9 &)* ( 08F:0'3H F:' &)* '( '&) 3'( 10;' 4)(1'9 /:'* () 5/<*<'9 &)* ;:&C 4&097/:A033
Z((E/<;50'*:*71'F:'69&)*3)/1:*<0(()/93'/</:'<'9>[@F:''* <(0/'6(*&)*:*973)/1:*<0(()/9F:'/'((;90*)92('3)9F:'/' '.'&:<&)*(;*)08F:0'391)*0'*3)'(3'3)&)*A'*0'*<''*'(</<'F:' '( *:;') /'6(9 7 &)* )<) 3'3) 3' ( ;0/; ;*) C00'*3) ( &:'39 /0* 1E93)/</<'/H2:*);/3'(*<'9/'4:*()1030'''(1:*<)
/0;0/;)C((E/:*('AG/92&);93'/</:'<'9@F:''*<(0((;*9 )3'*<' '/<' /' '.'&:< 1)*0'*3) '( 3'3) &)*A'*0'*<' 3)/ </<'/9 2 :*) ;/<E/ 3' () F:' '( *:;') /'6(9 /'4:* () 1030'' '( 1:*<)9 7 &)* )<) 3'3)/'C3'C'0&)*;/A0A'89F:''*'(<0*)9(&:'3'*'(</<'F:' '(*:;')/'6(9';<*3)'(1:*<)'*G(
,,,
(4:*/A'8'/'*&)*<E/F:<)7/1'F:'6/&:83/H3'/<';)3)9 9 F:' '/ *)< 3' <';5() '/<' /' '.'&:<9 3*3) '( 4)(1' '* ( &:'3 &)* ( ;*) 3''&C9 7 ;)A0'*3) E :* <0';1) ( 08F:0'3 E :*)9 7 )<) (3)9 /0* ('A*<'(3'3)3'(</<'F:'10//<)'/1);7)()F:'1'<'*'&'E( 0*<'(04'*&03'(0BH3'/1:'/3'(F:(&)*)&0;0'*<)9/''F:0'''()3'*3' (/ ;*)/ 1 ( 5:'* '.'&:&0)*H 7 '* '/<) )5/'AE/9 () 10;')9 F:' '( 0*/<:;'*<)/'C3'/'4:9&4*3)'(5N)3''&C)/)5'G( 3';)3)9 F:'*)C/3'<'*'('&)*(;*)08F:0'391)F:''/<C3'F:'3(05'9 1&)'&)*(04''805975.)'(01/)*3'(:0<
)/'4:*3)9F:''(5N)08F:0'3)'/<G1<3)3'(&:'1)'*B);3'&)9 7/0;0/;)(;*)3'(*<'3'()/</<'/H1)&:*3)F:''(3'3)1:(4*) /(41)'*&0;3'(5N)3'(:0<9&);)'*'(0)(0*
) <'&')9 F:' ( 4()/ F:' C080''/ &)* '( 3'3) 0*30&'9 7 (4)9 C 3' /'
(<'**3)()/H F:' /0 :*) 3E ;:&C)/ 4)(1'/9 *) 1)3E /' (04'9 *0 (0;10H )5/'A*3)9F:'/04()//3'(10;5.)9C3'/'&)*'/<)/3'3)/9C/< (F:<H73'((5.)&)*'(1:(493*3)&)*G(<)3)/()/4)(1'/H7/04()// 3'()/5)3)*'/E80059C3'/'&)*'(1:(49C/<(/'4:*3H73'((
05&)*'(0*30&'97(4)
0*'/<)9C/3'&)/<:;5<'E:/3'(&'M:'(9F:'/'C8'910/*3)&)* '( 0*30&' 3' ( ;*) 08F:0'3 <)3/ (/ &:'3/9 2 ;'*)/9 /'4:* B:'' ;'*'/<'9F:'1('.'&:&0)*3'(4:*)/1:*<)/9'/;:7*'&'/0
)*<;50'*;:&C)&:033)'*10/(/&:'3/&)*(/1:*</3'()/3'3)/9 7'**)<)&'()/E803'*<)9/0*)<'*'/0';1'(;*)&)AE80B:'
;50'* <' 3A0'<)9 F:' '* ()/ 1:*<)/ F:' <:A0''/ </ *:;')/9 <'
&)/<:;5'/E<)&()/C1'3)/9()F:('.'&:<E/C00'*3)10;')&)*'( 1:(4 ( &:'3 F:' (' <)&9 (:'4) &)* '( 0*30&'9 7 3'/1:'/ &)* '( (4)H 3' ;)3)9 F:' *) <' 3'<'*4/ '* '( 1:*<) ;/ 3' () F:' A(0''9 7 B(<'/( &);1E/
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
,,O /&(('3' '.F:0(<'9F:'*)<0'*'1:'/<)'(<0';1)H;/7E'/<E'*&0;
3A'<03)3'('<*((;0*,,B(<*3)/&);1/'/9;/'10<0'*3)()F:' '/<E '*<' (/ 3)/ :8'/9 &);)((0 /'3A0'<'9 F:'3 '*;'*33) * ( ;0*O7 :* 30B''*&03'((3 3' '.F:0(<'9'*<''( 10;')9 7 /'4:*3) &);1E/ C((E/ :* 3)8'9 7 :* )&C) 3'5.)9(4) ;7)'/9 F:' ()/ )<)/*:;')/9*)()/<)F:'/9F:'/)()/0A'*1/'6('(<0';1)
,,D
2()4)3'
)
*
('/;
<
9 >?@
! ! ")*&) C*<''(('3B&/ ')* )/'1)9&+D
9='*3)/;*'/3':0<9/<'((*
7 <(* 3' &0*&) 3'*'/9 ( F:( '*/'6 3' <';1(9 7 <6'/43)9 <)3)/()/1:*<)/*<:('/9759;)((3)/9&)*'/<0();A0(()/)
= QF:0' <)*)9 /' 1)*' :* <5(9 &)* ( F:( 1)3EF:(F:0'/0*30B0&:(<3&0B'(<)*)973'/1:'/<6'97&*<('1)3)8' ;)3)/=/'C8';'*&0)*<;50'*3'(:0<3'F:<))3'*'/
1
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
1)A'&C'*3'(/0*)1()7/'A0*:'/<)'3';1<)'/:C0/<)97( /43 04'* 03' /:7 &*<*3) &*&0)*'/9 &);) /)* (/ F:' /' &*<*'*(<0A0333'*:'/<)/'6)97'*(B0'/<97)&<A3'( *<0/0;)
&;'*<)9 7 '* <)3/ (/ B0'/</ 3' *:'/< '6)9 1:'/ '( 0*<'*<) F:' <'*4)97C'<'*03)/0';1'9C/03)1F:'B:'/'*()3)/<)3)/()/ *<)/97 10*&01(;'*<'( *<3'(/ *</*:'/< '6)3'()/0)971'&:/)
*:* 1<0/< ;0/ 1<0&:('/ <)*'/9 ()/ F:('/:'4) F:' /'* 0*<'&'/)'/3'(*<'3';00)/91F:'(&*&'7)97<)3)/()/C0/<0*)/( 50'*A'*<:*N'<'*9;'*
1
ZZ =9(''*/'6&);)/'C3'
<)&'/:0<7&);0'*N(5
,,+
/< :0< /16)( 3' &0*&) )3'*'/ '/<E &);1:'/< 3' *:'A' &:'3/ :* '* '( )3'* 10;')9 ((;3 10;9 7 '* ()/ 3';/ )3'*'/ 3)/9 (/ F:('/ ((;;)/ /'4:*3/9 <'&'/9 F:</ 7 F:0*</ / /'4:*3/9 7 <'&'/9 '*<' /0 /)* '* :* ;0/; A'8H 1') '* (/ F:</9 7 F:0*</9 1) C((/''*&3)3'*:*&:'34:'/*)/)*04:('/73'(;*'F:' ()/ /)* (/ /'4:*3/ 7 <'&'/H 1)F:' (/ 4:'// '/<* :* )&<A ;/ 5.)F:'(/)</&:'3//:/&);16'/
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
/<'/(;*'3'<';1(9(F:(I;:&C)//:'('/'<*30B0&0(F:*<)B&0( IF:0'*<0'*':*1)&)3'*<:(97IF:0'*/5'3'&*<)H77C);5'/F:' /0*/5';'30/)(B9<';1(*9<6'*97&*<*9/)()&)*/:5:'*0*4'*0)9;:7 ;'M)F:'F:'(()/F:'<)3/:A03C*4/<3)'(<0';1)'*&10((/
1
:'/'/<E(4:0<7<';1(3971:'/<1:*<)3'<6'98)*'/C) '*/'6F:'&)/'/1:*<)9F:*<)//)*7&);)/'((;*
0;';'*<'9 '( 1:*<) 3' 4:0< '/ :* 30/1)/0&0)* C'&C '* (/ &:'3/9 &)*()/3'3)/1'<3)/'*&0;3'()/</<'/
31:*<)<0'*'/:B04:730/1)/0&0)*30B''*<'97&3:*<0'*'<'/A)8'/ 30B''*<'/9F:'/)*95.'<'9(<)7<01('
,,?
(;*/''/<)/1:*<)/3';:&C/;*'/&);)'/&:83);7)7&:83) ;'*)9A&/(</97A&/5./91:'*<'973')</0*B0*0<//:'<'/F:'()/ ;:/0&)/:*)/97)<)/('/C*1:'/<)/*);5'/30B''*<'/ 1')7)F:0*)()/ ((;G/0*)10;')9/'4:*3)9<'&')97F:<)9R&7'/<)/L*<:('/9L59 ;)((3)/
1O
30/1)/0&0)* 3' ()/ 1:*<)/ *<:('/ '/ *'&'/0) << '* '/<' &10<:() <'&')&3:*)'*1<0&:(91F:';'M)/'1:'3*C8'
( 10;') /' C8' 1)*0'*3) :* 3'3) 3' ( ;*) 08F:0'3 >304) 78F:0'39 1)F:'/)*1)&)/()/F:'<)&*(&)*<0)@I(/<'&'/'*'(</<'10;')9 )<) (/ F:</ '* '( /'4:*3) </<'H 7 )<) (/ F:0*</ '* '( </<' /'4:*3)9 7 F:'3* '* 5(*&) 3)/ )3'*'/ /0* F:'(4:*) 3' ()/ 3'3)/ ()/ <)F:'9F:'/)*'(10;')97/'4:*3)*'/<'1:*<)'(5.'<''/<I'*'()3'* F:<)9'((<)'*'()3'*<'&')97'(<05(''*'()3'*/'4:*3)10;''/ 74:(&)*'()3'*F:<)97(/F:0*</&)*'(/'4:*3)
( /'4:*3) /' C8' 1)*0'*3) :* 3'3) I (/ /'4:*3/9 )<) I (/ <'&'/9 7 )<)I(/F:</<)3)/'*'(/'4:*3)</<'97F:'3*'*5(*&)(10;' 7 (/ F:0*</9 '( 5.'<' '* '/<' 1:*<) '/<I '* (/ F:0*</H '((<) '* (/ /'4:*3/9 7 '( <05(' '* ( 10;H (/ F:</ /)* 74:('/ &)* ( 10;H (/ <'&'/&)*(/F:0*</
(<'&')/'C8'1)*0'*3)I(10;:*3'3)'*'(/'4:*3)</<'9)<)(/ /'4:*3/ '* '( <'&') </<'9 7 )<) (/ <'&'/ '* '( /'4:*3) </<'9 F:'3*'*5(*&)'*'/<'1:*<)(/F:</7F:0*</(5.'<'/'C((I'* (/ F:</H '((<) '* ( 10;H 7 '( <01(' '* (/ <'&'/ (/ /'4:*3/ /)* 74:('/&)*(/F:</97(/F:0*</&)*(/<'&'/
( F:<) /' C8' 1)*0'*3) :* 3'3) ( 10;9 )<) E (/ /'4:*3/ '* '( <'&')</<'97)<)I(/F:0*</'*'(/'4:*3)</<'9F:'3*'*5(*&)(/ <'&'/7F:</H'(5.'<'/'C(('*(/<'&'/9'((<)'*(/F:0*</97'( <01(' '* (/ F:</H ( 10; '/ 74:( &)* (/ <'&'/H (/ /'4:*3/ &)* (/ F:</
( F:0*<) /' C&' 1)*0'*3) :* 3'3) ( 10; '* '( <'&') </<'9 )<) I (/ /'4:*3/'*'(10;')</<'9)<)I(/F:</'*'(/'4:*3)</<'97)<) (/F:0*</'*'(<'&')</<'9F:'3*'*5(*&)/)()(/<'&'/(5.'<' '/<I'*(/F:0*</9'((<)'*(/F:</97'(<01(''*(/<'&'/ (10;'/ 74:(&)*(/<'&'/97(//'4:*3/&)*(/F:0*</
( /'.<) /' C8' 1)*0'*3) I ( 10; :* 3'3)9 7 I (/ /'4:*3/ )<)9 '* '( 10;')</<'9 )<) (/ F:</9 7 )<) (/ F:0*</ '*'( <'&') </<' * '/<' 1:*<) *0*4:* )3'* F:'3 '* 5(*&) ( 5.'<' /' C(( '* '( )3'* F:<)((<)'*'(<'&')97'(<01(''*'(/'4:*3)10;''/74:(&)*'( )3'*F:<)97(/F:0*</&)*'(/'4:*3)
