!"#$#%
$&'()*+('%,)-. (/0%$112*3%400(516%51%#/*)30'(-17%80'(%95)6515*%
:+(-&0)%;<=>?7%>??<!
"#$%&'&$(&!")*+',! -#$*./!0*$!1#'$!
2'3!1+43#'5!6'#7'*8!")*+',! 9*$&3!:$5/&'!
:3;/+#!2'3!6'#7'*8!")*+'4,! <*'=!:.*$=*'/!*$/!".*+'&!:)&'>##/!
2'3!?/;(*3+#$!6'#7'*8!")*+',! 0+(3#'+*!@&'7;4!
A*..&'5B<;4&;8!6'#7'*8!")*+',! ?8+.5!C+3()+&!
0+4;*.!C&4#;'(&4!6'#7'*8!")*+',! ")'+43+$*!DE/+=&!
"#$%&!'()*+!!,)-.!/0.0$!1234$(530*+!!"!6$07)8)%)9*!:)(!;4.%<.0329!07$!;::$=034$2$55!):!
>3=0)9(.?73=!/*@#)%!/$05!:)(!A73%8($2!-307!B.29<.9$!C35.#3%303$5%
@/0%12.&0)%-,%+/53A)01%B5(/%3*162*60%A5'*&535(50'%+-1(5120'%(-%6)-BC%%$++-)A516%(-%(/0%D*(5-1*3%
E1'(5(2(0%-,%401(*3%F0*3(/%GDE4FH7%*1%0'(5.*(0A%ICJ%-2(%-,%0K0)L%;???%+/53A)01%&0(B001%(/0%*60'%
-,%I%*1A%;?%/*K0%$2(5'.%;C%%M-)%(/0'0%+/53A)017%0K01%(/0%.-'(%&*'5+%,-).'%-,%+-..215+*(5-1%.*L%
&0%A5,,5+23(%-)%5.N-''5&30C%O0(%+-..215+*(5-1%5'%0''01(5*3%(-%B/-%B0%*)0%*'%N0-N30%*1A%(-%/-B%B0%
1*K56*(0%-2)%35K0'C%%@/0%()0.01A-2'%5.N*+(%-,%(/5'%'-+5*3%5'-3*(5-1%,-)%+/53A)01%B5(/%3*162*60%
A5'-)A0)'%+*1%&0%'001%51%(/05)%0.-(5-1*37%+-615(5K07%*1A%&0/*K5-)*3%A0K03-N.01(C%%P0+*2'0%K0)&*3%
3*162*60%5'%1-(%1*(2)*3%,-)%(/0'0%+/53A)017%30*)1516%*%N5+(2)0=&*'0A%3*162*60%.2'(%&0%(*26/(%*1A%
51(0)1*35Q0A%(/)-26/%.2+/%(/0%'*.0%N)-+0''%*'%5'%0RN0)501+0A%&L%*%'0+-1A%3*162*60%30*)10)C%
@/0'0%+/53A)01%.2'(%30*)1%)230'%-,%6)*..*)7%+23(2)*3%-)%'-+50(*3%0RN0+(*(5-1%*1A%*NN)-N)5*(0%
2'*60%(-%.*S0%+-..215+*(5-1%'2++0'',23C%%@/5'%5'%-13L%*+/50K0A%(/)-26/%/*)A%B-)S%*1A%N)*+(5+0%
51%'-+5*3%'0((516'C%
$'%6)*N/5+%A0'5610)'7%B0%*)0%B033%K0)'0A%51%(/0%*)0*'%-,%3*162*607%+-..215+*(5-17%K5'2*35Q*(5-17%
*1A%'L.&-3-6LC%%:2)%S1-B30A60%51%(/0'0%*)0*'%+*1%&0%2'0A%(-%5.N)-K0%(/0%'L.&-35+%
+-..215+*(5-1%'0('%+2))01(3L%2'0A%&L%+/53A)01%B5(/%3*162*60%A5'*&535(50'%*1A%(-%A0K03-N%10B7%
.-)0%0RN)0''5K0%,-).'%-,%'L.&-35+%+-..215+*(5-1C!
"8.@5&!C)22.!B+!!1234$(530*!):!,283.2.?)%35+! A)20$D0<(3E329!"(0%
@/0%.0A5*%E%/*K0%+/-'01%(-%0RN)0''%.L%+)0*(5K0%5A0*'%/*K0%'/5,(0A%-K0)%(5.0C% 8/*(%/*'%&001%
+-1'5'(01(%5'%(/0%51+-)N-)*(5-1%-,%(0R(7%*3-10%-)%B5(/%5.*60)LC% "R*.N30'%51%'0K0)*3%.0A5*%'/*)0%
B*L'%(0R(%/*'%*3B*L'%,21+(5-10A%*'%*%10+0''*)L%+-.N-101(%-,%.L%*)(B-)SC% E1%'-.0%B-)S'7%(0R(%
,-).'%(/0%0*'53L%)0*A%'()2+(2)*3%21A0)65)A516%,-)%+-3-)%N3*L%-)%A0,510'%'N*(5*3%)03*(5-1'/5N'C% 423(5=%
3*L0)0A%(0R(%N)-K5A0'%533065&30%(0R(2)*3%51(0)0'(%51%-(/0)%B-)S'C% @0R(%+-.N35.01('%(/0%5.*60)L%51%
1-1=()*A5(5-1*3%*)(5'(%&--S'%-)%*NN0*)'%*'%'(*1A=*3-10%A-+2.01('%51K5(516%K50B0)'%(-%+/--'0%
B/5+/%(-%35,(%*1A%)0*AC% E1%.L%)0+01(%T'(-)L&-*)A'U%&5('%*1A%N50+0'%-,%(0R(7%'-.0(5.0'%V2R(*N-'0A%
B5(/%5.*60)L7%&-(/%51K5(0%(/0%K50B0)%(-%)0*A%(/0%'(-)50'%*1A%,)2'()*(0%(/0%)0*A516C!
"8.@5&!F+!G(.8%$*+! G$((*!A)%%$9$+!!/.2=03:*329!H(34)%30*!
:*$(3+%5+$7!@'+F#.+35%(*S0'%*%'0)5-2'%3--S%*(%/-B%(/0%B-)3A%5'%+2))01(3L%5.*6510A%&L%+-1(0.N-)*)L%
N*51(516%N)*+(5+0%*'%)0,0)01+516%(0+/1-3-6L%G)*(/0)%(/*1%T1*(2)0UHC%%@/5'%.-)0%)0+01(%.-A037%B/5+/%
*3'-%'0)K0'%*'%*%A0,515(5-1%-,%(/0%N-'(=/2.*17%)0*35Q0'%(/0%B-)3A%(/)-26/%'2+/%.-A0'%*'%
51(01'5,5+*(5-17%'*(2)*(5-17%,*1(*'L7%*1A%A5'()*+(5-1%G*1A%(/2'%A5'N3*+516%*1%-K0)(%/5'(-)5+*3%
N*)*A56.HC
M-+2'0A%N)5.*)53L%-1%(/0%B-)S%-,%W5'*%O2'S*K*607%@/-.*'%X51S*A07%*1A%P0*()5Q%453/*Q0'7!
:*$(3+%5+$7!@'+F#.+35%01(0)(*51'%(/05)%B-)S%*'%,-33-B516%A5'N*)*(0%3-65+'7%'-.0(5.0'%G'2N0),5+5*33LH%
N0)+05K0A%*'%T*%3--S%-,%*&*1A-1U%GO2'S*K*60H7%A0+-)2.%GX51S*A0H7%*1A%(/0%G.0)03LH%A0+-)*(5K0%
G453/*Q0'HC%%#)5(5+*33L%(/01%N*51(516%5'%*++2'0A%-,%*%TB*1(U%*1A%*%T3*+SCU%%F-B0K0)7%(/0%'2&K0)'5K0%
)-30%(/*(%'-.0%-,%(/5'%B-)S%N3*L'%51%5('%)03*(5-1'/5N%B5(/%(/0%1-(5-1%-,%&0*2(L%5'%*3'-%*+S1-B30A60A%
&L%A0,*23(7%B/0)0&L%&0*2(L%&0'(-B'%*%S51A%-,%*NN)-K*3%&L%5('%K0)L%A5'51(0)0'(0A10''7%
+-1'0Y201(3L%'*1+(5,L516%,)5K-35(LC!
"8.@5IJ.@5$*&!/<E.22$+!!K%8!C)@323)2!1234$(530*+!!L)@$2M5!N350)(*!N388$2!32!
O<3%05%
@/0%+-330+(5-1%-,%Y253('%*''0.&30A%51%(/0%0*)3L%(B01(50(/%+01(2)L%&L%Z*150%!30.N%D0B.*1%-,%
P56%!(-10%[*N7%95)6515*7%5'%(/0%,-21A*(5-1%-,%(/0%+2))01(%+-330+(5-1%*(%(/0%!-2(/B0'(%95)6515*%
42'02.C% @/5'%'(2AL%/*'%)0+-1+530A%51+-1'5'(01(%A-+2.01(*(5-1%*1A%0'(*&35'/0A%N)-K01*1+0%
,-)%.*1L%*)(5+30'%-,%/5'(-)5+*3%'5615,5+*1+0C%%@/0%'2&'(*1(5K0%)0'23(%-,%(/5'%'(2AL%)0K0*3'%(/0%
A0A5+*(5-1%B5(/%B/5+/%Z*150%!30.N%'0(%*&-2(%+-330+(516%(/0%+23(2)*3%*)(5,*+('%-,%/0)%1*(5K0%
)065-1%*1A%/-B%/0)%K5'5-1%625A0A%(/0%A0K03-N.01(%-,%-10%-,%95)6515*\'%'(*(0%'2NN-)(0A%/-2'0%
.2'02.'C%%"R0.N3*)'%,)-.%(/0%+-330+(5-1%)*160%,)-.%,)-1(50)%/-.0%'N21%(-%95+(-)5*1%+)*QL%
Y253('C% :,%N*)(5+23*)%1-(0%5'%*%A-2&30%'5A0A%Y253(%-)5651*(516%B5(/%M5)'(%W*AL7%4*)(/*%
8*'/516(-1C%%!30.N\'%N)-6)0''5K0%*((5(2A0%(-B*)A%.*(0)5*3%+23(2)0%B*'%,2030A%&L%/0)%
"2)-N0*1%/0)5(*607%/0)%)2)*3%$.0)5+*1%)--('7%*1A%/0)%N-'(=#5K53%8*)%N-35(5+*3%+-110+(5-1'7%*33%
-,%B/5+/%51,3201+0A%(/0%/5'(-)5+*3%*1A%*0'(/0(5+%'+-N0%-,%(/5'%+-330+(5-1C!
"%#($=70&!P.07$!N3=Q5+!!"@$(3=.2!1234$(530*+!!')!C($.@!07$!,@?)553#%$!C($.@R!!A.@?<5I!
L38$!,@.9$!C.0.#.5$5%
@/5'%N)0'01(*(5-1%B533%&0651%B5(/%*%&)50,%/5'(-)L%-,%(/0%A565(*3%5.*60%A*(*&*'0%N)-V0+(%*(%$.0)5+*1%
]15K0)'5(L7%*%N)-V0+(%A0K03-N0A%B5(/%0*)3L%*1A%0R(01'5K0%+)-''=+*.N2'%+-33*&-)*(5-1C%%9^#%'(*,,%
*1A%*)(%/5'(-)L%,*+23(L%N*)(10)0A%B5(/%(/0%]15K0)'5(L%W5&)*)L%*1A%(/0%:,,5+0%-,%E1,-).*(5-1%
@0+/1-3-6L%(-%'2++0'',233L%5.N30.01(%(/0%4_E_%N)-6)*.C%%$'%B0%.-K0%(-%&)-*A01%A565(*3%
N)-6)*.'%&0L-1A%(/0%()*A5(5-1*3%*)(%/5'(-)L%+3*'')--.7%(/0)0%*)0%.*1L%5''20'%(-%+-1'5A0)C%%80%
.2'(%21A0)'(*1A%/-B%(-%*(()*+(%*1A%'0)K5+0%*%+*.N2'=B5A0%+3501(030C%%80%.2'(%()*51%,*+23(L%
-2('5A0%-2)%A0N*)(.01('7%N*)(10)%51%.-)0%'5615,5+*1(%B*L'%B5(/%35&)*)L%+-330*620'7%*AK0)(5'0%-2)%
5.*60%N)-6)*.'7%+-1A2+(%215K0)'5(L=B5A0%51,-).*(5-1%'0''5-1'7%*1A%A0(0).510%B/5+/%A0N*)(.01('%
B533%.-'(%&010,5(%,)-.%(/0%N)-6)*.'%B0%-,,0)C%%80%.2'(%+-1'5A0)%N-(01(5*3%+/*330160'7%(--C%%E,%B0%
0RN*1A%-2)%-,,0)516'%(-%(/0%&)-*A0)%+*.N2'%+-..215(L7%B533%B0%&0+-.0%(--%+-.N30R%*1%
-N0)*(5-1%(-%.*51(*51%B5(/%+2))01(%'(*,,`%%8533%-2)%V-&'%&0%V0-N*)A5Q0A%*'%35&)*)50'%+-1'5A0)%
*&'-)&516%(/0%K5'2*3%)0'-2)+0'%+-.N-101(`%%:2)%,*+23(L%.*L%B-))L%*&-2(%B/0(/0)%(/05)%100A'%B533%
+-1(5120%(-%&0%.0(C%%]3(5.*(03L7%B0%.2'(%+-1'5A0)%/-B%-2)%V-&'%B533%+/*160%*'%B0%0RN*1A%&0L-1A%
*)(%/5'(-)L%N)-6)*.'%(-%)0*+/%-(/0)'%51(0)0'(0A%51%(/0'0%10B%*1A%5.N-)(*1(%]15K0)'5(L%A565(*3%
*''0('C!
"%$D35&!G(*.2+!!1234$(530*!):!"(Q.25.5!.0!H)(0!/@307+! C3930.%!/)<?R!!'7$!A7.%%$29$5!):!
C3930.%!63D$8!6$83.%
45R516%()*A5(5-1*3%*1*3-6%.0A5*%*1A%A565(*3%.0A5*%N)0'01('%S0L%+/*330160'%51%(/0%+3*'')--.C% @/5'%
N)0'01(*(5-1%51()-A2+0'%(/0%N0)'N0+(5K0%-,%&-(/%(/0%'(2A01(%*1A%(/0%(0*+/0)%*1A%,-+2'0'%-1%
,*+516%(/0%+/*330160'%-,%(0*+/516a30*)1516%*1%21,*.535*)%.0A52.7%,-+2'516%51(0)A5'+5N351*)L%
'(2A01(%30*)15167%*1A%&*3*1+516%(/0%*''0''.01(%-,%N)-+0''%*1A%*0'(/0(5+C% @-N5+'%+-K0)%
+-33*&-)*(5K0%(0*+/5167%&0+-.516%*%+--N0)*(5K0%30*)10)7%(0*+/516%)0'-2)+0,2310''%*1A%)0'0*)+/%
G*33-B516%'(2A01('%(-%30*)17%N0),-).7%*1A%'/*)0H7%*1A%+)0*(516%6-*3=-)501(0A%30*)1516%-2(+-.0'%
(/*(%,51A%'2++0''%51%21'2++0'',23%N)-V0+('C
"%%$2&!S)2+!G(397.@!T)<29!1234$(530*+!'$.=7329!:)(!A)20$20%
$'%*%+-33060%30K03%+0)*.5+'%(0*+/0)7%E%*'S%'(2A01('%(-%(/51S%*&-2(%B/*(%)0*33L%.*((0)'%(-%(/0.7%
)06*)A30''%-,%B/*(%(/0L%/*K0%&001%(-3A%(/0L%.2'(%+*)0%*&-2(C%%4-'(%L-216%'(2A01('%*)0%1-(%
*++2'(-.0A%(-%(/51S516%51%A0N(/%*&-2(%(/05)%35K0'%-)%(/0%B-)3A%*)-21A%(/0.C% E1%(/0%+-1(0R(%-,%*%
'0.51*)%(/*(%E%(0*+/%*(%(/0%21A0)6)*A2*(0%30K037%b!-2)+0'%*1A%!()*(0650'%,-)%!(2A01(%$)(5'('7b%
,53.'7%)0*A516'7%+-1(0.N-)*)L%'35A0'7%/5'(-)5+*3%.*(0)5*37%,503A%()5N'7%N0)'-1*3%V-2)1*3'%*1A%
N/53-'-N/5+*3%A5'+2''5-1%*)0%2'0A%(-%/03N%'(2A01('%5A01(5,L%B/L%(/0L%*)0%51%*)(%'+/--3C%%E1%(/5'%
+-2)'07%B0%0RN3-)0c%
d%;H%%%%%_0+-)*(5K0%a%@/0%:&V0+(%
d%>H%%%%%".-(5-1*3%.0(*N/-)'%a%N0)'-1*3%.0*1516%
d%IH%%%%%#23(2)*3%a%*)(5'(5+%A5*3-620%
E%&0350K0%'(2A01('%'/-23A%&0%B5(/%(/0%.*(0)5*3%51%*%B*L%(/*(%5'%.0*1516,23%*1A%)0*3C%%@/0%4*-)5%
'(2A01(%.*L%1-(%)0*33L%B*1(%(-%.*S0%51()5+*(03L%+*)K0A%-&V0+('C%%F0%.*L%B*1(%(-%&253A%N-35(5+*3%
51'(*33*(5-1'%B5(/%A5'(2)&516%.0''*60'C%%@/0%+/00)L%.5AA30=*60A%/-2'0B5,0%.*L%/*)&-)%*1%
-&'0''5-1%B5(/%A0*(/C%%@/0'0%*)0%S0)103'%-,%.0*1516C%%$%&56%N*)(%-,%&0516%*1%*)(5'(%5'%*&-2(%
6)-B516%*1A%*&-2(%60((516%(-%S1-B%L-2)'03,%*1A%5A01(5,L516%B/*(%L-2%+*)0%*&-2(C%%$%&56%N*)(%-,%
(0*+/516%5'%'2NN-)(516%*1A%12)(2)516%(/*(%S0)103%-,%6)-B(/C!
"%%$2IP.00<5&!P3@#$(%*+!!U)(07$(2!P$20<=Q*!1234$(530*+! VB)50!:)(!L)(85WR!C3.5?)(.&!
A.%%39(.?7*!.28!>5$<8)!'$D0!32!07$!XY!50! A$20<(*%
#-1(0.N-)*)L%$'5*1%*)(5'('%35S0%e2%P516%*1A%801A*%[2%/*K0%)051K56-)*(0A%(/0%#/510'0%
+*3356)*N/5+%()*A5(5-1%(/)-26/%B-)S'%(/*(%0RN3-)0%(/0%,-).*3%+-1'()2+(5-1%-,%+*3356)*N/L%*'%'561%*'%
B033%*'%51K0'(56*(0%5('%,21+(5-1%*'%'5615,50)C% 8/530%801A*%[2\'%B-)S'7%'2+/%*'!@#'&43!#%!:3#$&!
:3&.&4G!C&3'*$4.*3+#$!*$/!C&>'+3+$7!#%!H*$7!6#&3'5% G>??fH%-,(01%,-+2'%-1%(/0%,*532)0%-,%3*162*60%
*'%*++2)*(0%K0/5+30%-,%.0*1516c%e2%P516\'%0RN3-)*(5-1%-,%+*3356)*N/L%,)0Y201(3L%5.&20'%10B%
.0*1516%(-%/5'%+*3356)*N/5+%.*)S'C% $(%(/0%'*.0%(5.0%/5'%B-)S'7%35S0%801A*%[2\'7%-,(01%'2&K0)(%
.0*1516'C%%@/0'0%'2&K0)'5-1'%+*))L%10B%.0*1516'%(/*(%0RN3-)0%(/0%51()51'5+%K*320%-,%3*162*60%*'%
*%'L.&-3%-,%+23(2)0C%%e2%P516\'!I&>!?$7.+4)!"*..+7'*E)5!JKLLMN7%,-)%51'(*1+0%B/530%'2660'(516%(/0%
2(-N5'(%5A0*3%-,%(B-%,2'0A%+23(2)0'7%*3'-%-,,0)'%*%'2&K0)'5K0%(0R(C%%PL%+-.&51516%(/0%#/510'0%,-).%
B5(/%*1%"1635'/%+-1(0R(%(/0%*)(5'(%N)0'01('%*1%0R530A%3*162*607%K5'2*33L%#/510'07%&2(%3065&3L%
"1635'/C% 8/530%)0,30+(516%-1%-10%30K03%/5'%-B1%'(*(2'%*'%*1%0RN*()5*(0%*)(5'(7%5(%*3'-%N-51('%(-%(/0%
'5615,5+*1+0%-,%3*162*60%*1A%N'02A-%(0R(%*'%*%.0(*N/-)%-,%_5*'N-)*C%%@/0.*(5+*33L%*1A%+23(2)*33L%
_5*'N-)*%,-).'%*%.*V-)%*'N0+(%-,%>;%'(% +01(2)L%*)(C%%@/5'%N*N0)%B533%0RN3-)0%(/0%+*3356)*N/5+%B-)S%-,%
e2%P516%*1A%-(/0)%+-1(0.N-)*)L%*)(5'('%51%+-1(0R(%B5(/%N'02A-%(0R(%*'%*%.0(*N/-)%,-)%_5*'N-)*C!
"@(7$32&!B.<(.!6+!!1234$(530*!):!"(Q.25.5!.0!B300%$!J)=Q+!!Z'732Q329!-307!'73295Z!32!U3207I!
=$20<(*!6.*.2!"(0%
@/5'%N*N0)%B533%*AA)0''%@0).51*3%#3*''5+%.-1-35(/5+%N/*335+%'+23N(2)0'%-,%151(/=+01(2)L%1-)(/0)1%
O2+*(*1%*1A%+-1'5A0)%/-B%.23(5=A5'+5N351*)L%*NN)-*+/0'%/*K0%*,,0+(0A%+2))01(%21A0)'(*1A516%-,%
(/05)%5+-1-6)*N/5+%*1A%)5(2*35'(5+%,21+(5-1'C% @/5'%N*N0)%B533%+)5(5Y20%-)%*1*3LQ0%"'(/0)%g*'Q(-)L\'!
H)+$=+$7!>+3)!H)+$74%2'516%g)0=#-32.&5*1%*)(%*1A%(/0%.-1-35(/5+%N/*335%*'%*%N-51(%-,%A0N*)(2)0C%
g*'Q(-)L\'%*)62.01(%5'%(/*(%(/516'%/*K0%.-'(3L%+-615(5K0%)*(/0)%(/*1%K5'2*3%'5615,5+*1+07%*1A%(/*(%
(/05)%&*'5+%,-).'%*1A%51(01(5-1'%*)0%A0(0).510A%&L%(/05)%N-'5(5-1%51%(/0%'-+5-+23(2)*3%'5(2*(5-1C% F0)%
'0+-1A%*1*3L'5'%5'%*1%*1*3L'5'%-,%1*(2)*35'.%K0)'0'%*&'()*+(5-17%*)(%*1A%5A01(5(L7%*1A%
*0'(/0(5+5'.C% F0)%A5'+2''5-1%5'%)03*(5K0%(-%*)(%/5'(-)L7%)-+S%*)(%*1A%g)0=#-32.&5*1%*)(%51%6010)*3%
*'%5(%N-'5('%Y20'(5-1'%51%(/0%+-1(0R(%-,%g)0=#-32.&5*1%*)(%*1A%&)516'%51(-%(/0%A5'+2''5-1%b80'(0)1%
*)(%(/0-)L%51%*%.*V-)%B*L%,-)%(/0%,5)'(%(5.07%/-N0,233L%-&35(0)*(516%(/0%0R+0''5K0%5'-3*(5-1%-,%(/0'0%
,503A'%,)-.%-10%*1-(/0)Cb
"2:325)2&!;(32+!!6388%$!'$22$55$$!/0.0$!1234$(530*+!!"%-.*5!K#5$(4$8%
M-)%'0K0)*3%L0*)'7%.L%'(2A5-%B-)S%/*'%51+-)N-)*(0A%*15.*3%5.*60)L%*1A%/*'%&001%51'N5)0A%&L%*1%
-16-516%51(0)0'(%51%N0-N30'\%+-.N30R%N0)+0N(5-1'%-,%(/0%1*(2)*3%B-)3AC%%E1%*AA5(5-1%(-%B-)S%
N)-A2+0A%&L%*%K*)50(L%-,%*)(5'('7%(/0%B)5(516'%-,%Z-/1%P0)60)%G2O#;3!P##=+$7H%*1A%")5+*%M2A60%
G2$+8*.H%/*K0%301(%51'56/(%51(-%(/0%+-1+0N(2*35Q*(5-1%*1A%+)0*(5K0%N)-+0''%-,%.L%B-)SC%%%$'%Z-/1%
P0)60)%1-(0'%51%/5'%0''*L%01(5(30A7%T8/L%W--S%*(%$15.*3'`7U%T@/0L%h*15.*3'i%*)0%*3B*L'%
-&'0)K0ACU%%E1%(/5'%Y2-(07%E%)0+-615Q0%(/0%1-(5-1%-,%*1%510K5(*&30%A0(*+/.01(%&0(B001%(/0%/2.*1%
*1A%*15.*3%0RN0)501+0C%%E1%'N5(0%-,%(/5'%21A0)'(*1A5167%E%*.%51()5620A%B5(/%.L%-B1%A)*.*(5+%*1A%
,*1(*'(5+*3%0RN0+(*(5-1'%-,%1*(2)07%*1A%E%Y20'(5-1%(/0%A06)00%(-%B/5+/%-10%+*1%&0%51,-).0A%*1A%
.5'51,-).0A%K5*%B53A%)0N)0'01(*(5-1'C%%$'%*%K5'2*3%*)(5'(%B/-%.*S0'%N*51(516'7%E%51(01A%,-)%*1%
*2A501+0%(-%0RN0)501+0%*%&-(/%35(0)*3%*1A%+-1+0N(2*3%'/5,(516%N0)'N0+(5K0%-,%(/0%*&'()*+(0A%5.*60'%
E%+)0*(0%*'%(/0L%.-K0%51%*1A%-2(%-,%,-+2'C%%4L%/-N0%5'%(/*(%(/5'%0RN0)501+0%B533%1-(%-13L%30*A%-10%
51(-%(/51S516%*&-2(%(/0%*2(/01(5+5(L%-,%(/0%K0530A%*1A%*&'()*+(0A%*15.*3%5.*60)L%51%.L%N*51(516'7%
&2(%*3'-%B5(/51%-10\'%6010)*3%0RN0)501+0%-,%K50B516%)0N)0'01(*(5-1'%-,%(/0%1*(2)*3%B-)3AC!
"2)2*<)&!;@$Q.+!!/.4.22.7!A)%%$9$!):!"(0!.28!C$5392+!!"<07$203=!35!"<07$203=R!L7.0!35!
U)0!35!U)0R!"2!":(3=.2350!>$(5?$=034$!
C,C!UK'!>J;/;U'!
"(#<(*&!/0$4$+!!J.8:)(8!1234$(530*+!!C)$52M0!"2*#)8*!P2)-!"2*07329!"2*@)($[!!'$.=7329!
"(0!N350)(*!0)!')8.*M5!A)%%$9$!/0<8$205%
@-A*L\'%*K0)*60%+-33060%'(2A01(%5'%-,(01%'-)03L%3*+S516%51%.*1L%'S533'c%B)5(5167%N)0'01(5167%(*S516%
(0'('7%60-6)*N/L7%*1A%&*'5+%+23(2)*3%35(0)*+LC% @/5'%+*1%&0%*%+/*330160%(-%*1L%215K0)'5(L%N)-,0''-)7%
&2(%N0)/*N'%.-)0%'-%(-%*1%*)(%/5'(-)5*1%&0+*2'0%-,%(/0%&)0*A(/%*1A%*33=01+-.N*''516%1*(2)0%-,%
(/0%,503AC% 8/*(\'%*%N)-,0''-)%(-%A-%5,%'(2A01('%-,(01%/*K0%1-%5A0*%B/0)0%.*V-)%/5'(-)5+*3%
60-6)*N/5+%)065-1'%B0)0%3-+*(0A7%-)%,-)%(/*(%.*((0)7%B/0)0%.*1L%+2))01(%+-21()50'%*)0%3-+*(0A`%
:)%B/*(%5,%.*1L%'(2A01('%/*K0%35((30%+-1+0N(%-,%(/0%&*'5+%+/)-1-3-6L%-,%+5K535Q*(5-1`% $1A%B/*(%
*&-2(%'(2A01(%A5,,5+23(50'%51%N)-A2+516%*%+-/0)01(7%B033=B)5((01%0''*L7%51K0'(56*(516%*%(-N5+7%-)%
65K516%*1%-)*3%N)0'01(*(5-1%(-%(/0%+3*''`% $1A%(/01%(/0)0%5'%(/0%A5,,5+23(L%-,%.*51(*51516%(/0%
'(2A01('\%51(0)0'(%*1A%.*S516%*)(%/5'(-)L%)030K*1(%(-%(/0.C%
@/0%+-.&510A%0,,0+(%-,%*%K*)50(L%-,%A0,5+501+50'%51%(/0%+3*'')--.%+*1%&0%*%)0*3%-&'(*+30%(-%*%
'2++0'',23%+-2)'0C% P2(%B/*(%+*1%*%N)-,0''-)%A-%B5(/-2(%.*S516%(/0%+3*''%'-%)0.0A5*3%*1A%'-%
&-)516%(/*(%(/0%*)(%/5'(-)L%+-1(01(%G*$/%(/0%'(2A01('H%'2,,0)'`% @/5'%N*N0)%B533%&)50,3L%5A01(5,L7%B5(/%
0R*.N30'7%(/0'0%*1A%-(/0)%N)-&30.'%.*1L%N)-,0''-)'%01+-21(0)7%*1A%(/01%A5'+2''%B*L'%(-%/03N%
*330K5*(0%(/0.%2'516%K*)5-2'%(0+/15Y20'%*1A%(0+/1-3-650'C!
"(07<(&!P.07%$$2!\+!!F.@$5!6.835)2!1234$(530*+!!6.5.==3)M5!G$99.(5!.28!07$!S35<.%!
J7$0)(3=!):!07$!1(#.2!>))(%
T!*51(%g0(0)%#2)516%(/0%#)5NN30U%51%(/0%P)*1+*++5%#/*N03%G!C%4*)5*%A03%#*).5107%M3-)01+0H%
N)0'01('%*%+-.N033516%'+010%-,%^01*5''*1+0%2)&*1%35,0C%%E1%4*'*++5-\'%K5'5-17%(/0%N--)%+)5NN30A%
'()00(%&066*)'%+-1()*'(%A)*.*(5+*33L%B5(/%g0(0)\'%*2)*%-,%N-B0)7%*2(/-)5(L7%*1A%/-3510''C%%E1%W*(0%
40A50K*3%()*A5(5-1%N-K0)(L%*1A%/2.535(L%B0)0%A0N5+(0A%51%(/0%,-).%-,%*3306-)50'%-)%N0)'-15,5+*(5-1'7%
*3(/-26/%(/0L%B0)0%1-(%N*)(%-,%(/0%'0K01%(/0-3-65+*3%K5)(20'C%%E1%(/0%^01*5''*1+0%(/0L%*)0%
0.&-A50A%51%*%.-)0%(*165&30%/2.*1%1*))*(5K0C%%!+010'%-,%+-1K0)'5-1%-,%(/0%N--)7%.5)*+23-2'%
+2)0'%-)%)0A0.N(5-1%,)-.%0K53%B0)0%-,(01%N*)(%-,%(/0%30601A'%-,%'*51('%g0(0)7%M)*1+5'7%*1A%_-.515+%
G*.-16%-(/0)'HC%%F-B%B0)0%'2+/%5.*60'%-,%(/0%2)&*1%N--)%2'0A%51%(/0%K5'2*3%)/0(-)5+%-,%
A0N5+(5-1'%-,%(/0%'*51('\%35K0'`%%_5A%^01*5''*1+0%*)(5'('%*1A%*2A501+0%K50B%(/0.%*'%N5(5,23
21,-)(21*(0'%-)%561-)*1(7%'3-(/,23%N0)'-1'==%*1%0K53%&356/(%-1%(/0%+5(L`%%8*'%(/0)0%*1%030.01(%-,%
'-+5*3%+-..01(*)L%51%4*'*++5-\'%5.*607%-)%A5A%5(%'0)K0%-13L%(-%A0.-1'()*(0%!*51(%g0(0)\'%+/*)5(L%
*1A%/-3510''`% @/5'%N*N0)%B533%0RN3-)0%;J%(/% *1A%;f%(/% +01(2)L%K5'2*3%5.*60)L%-,%N-K0)(L7%N*)(5+23*)3L%
51%)03*(5-1%(-%*((5(2A0'%)0K0*30A%51%+-1(0.N-)*)L%35(0)*(2)0%*1A%)0+01(%'(2A50'%-,%(/0%'-+5*3%/5'(-)L%
-,%(/0%2)&*1%N--)%51%(/0%^01*5''*1+0C!
G.#=)D&!L$28*+!!1234$(530*!):!/)<07!H%)(38.+!!'<(2329!)<(!')29<$5%
@2)1516%-2)%@-1620'%5'%*%N)-V0+(%+-1+05K0A%-,%&L%jk7%*%]!%&*'0A%B-.01\'%*)(%+-330+(5K07%*1A%
)0N)0'01('%-10%'(*60%-,%B/*(%5'%0RN0+(0A%(-%&0%*%+-..5((0A%)03*(5-1'/5N%&0(B001%.0.&0)'%-,%(/0%
+-330+(5K0%*1A%*%6)-2N%-,%L-216%B-.01%51%(/0%_0/05'/0/%)0,2600%+*.N%51%(/0%80'(%P*1SC%
40.&0)'%-,%(/0%6)-2N%.*A0%.23(5N30%K5'5('%(-%(/0%+*.N%-K0)%(/0%+-2)'0%-,%(B-%L0*)'%*1A%51%
!0N(0.&0)%-,%>??j%*%+-33*&-)*(5K0%30*)1516%I=A*L%B-)S'/-N%B*'%/03A%51%B/5+/%(/0%L-216%65)3'%
+)0*(0A%V-2)1*3'7%B)-(0%*1A%(/01%)0+-)A0A%(/0%(033516%-,%(/05)%N0)'-1*3%'(-)50'C% @/0%'(-)50'%B0)0%
3*(0)%2N3-*A0A%(-%(/0%E1(0)10(C%@/5'%N)0'01(*(5-1%B533%,-)06)-21A%'-.0%-,%(/0%B*L'%51%B/5+/%(/0%
.0.&0)'%-,%(/0%+-330+(5K0%/*K0%&0621%(-%Y20'(5-1%(/0%0(/5+*3%A5.01'5-1'%-,%(/5'%,-).%-,%)03*(5-1*3%
N)*+(5+0%B5(/%)0'N0+(%(-%(/5'%N*)(5+23*)%N)-V0+(C% @/0%6)-2N%5'%+2))01(3L%N*2'516%(-%*''0''%
2'0,2310''%-,%(/5'%B-)S%*1A%*%N)-+0''%-,%)0,30+(5-1%*1A%'03,=51(0))-6*(5-1%5'%21A0)%B*L%&0,-)0%
)0(2)1%K5'5('%(-%(/0%+*.N%3*(0)%(/5'%L0*)C!
G.3%$*&!P$(@30+! U)(07!A.()%32.!/0.0$!1234$(530*+! '$%%329!A)20$@?)(.(*!A<%0<(.%!/0)(3$5!):!
A7.29$!.5!C3.9(.@@.03=!6$07)8)%)9*%
W5S0%.*N'7%'561*607%*1A%'-%-1%l%A5*6)*.'%*)0%1-%.-)0%K*320=,)00%-)%-&V0+(5K0%(/*1%*1L%-(/0)%
,-).%-,%+-..215+*(5-1C% @/0L%/*K0%*1%51/0)01(%N-51(=-,=K50B%(/)-26/%,)*.516%-,%'2&V0+(C% PL%
)0V0+(516%35.5(0A%21A0)'(*1A516'%-,%A5*6)*.'%*'%215Y203L%-&V0+(5K0%a%)*(5-1*3%*1A%*'%+-A5,50A%51%
N*)(5+23*)%6)*N/5+%,-).'%G,3-B+/*)('7%()00%+/*)('7%0(+CH7%E%B533%.*S0%(/0%+*'0%,-)%T(033516%
+-1(0.N-)*)L%+23(2)*3%'(-)50'%-,%+/*160U%(/)-26/%+23(2)*3%,562)0'%-)%(-N5+'C% @/)-26/%)0'0*)+/7%
-)5651*3%B)5(5167%*1A%6)*N/5+%A0'561%l%'(2A01('%*)0%+/*330160A%(-%A0K03-N%*1A%,)*.0%+-1(0.N-)*)L%
G-&V0+(5K0%*1A%'2&V0+(5K0H%1*))*(5K0'%(-%&0%A5*6)*..0AC% $%+23(2)*3%,562)0%a%'(-)L7%,-)%0R*.N307%
.56/(%&0%(/0%()*1',-).*(5-1%-,%$3%[-)0%,)-.%B--A01%N-35(5+*3%N0)'-1*%(-%63-&*3%B*).516%
*.&*''*A-)%(-%TN-N%*1A%/5NU7%-)%)*NN0)%f?%#01(\'%*&535(L%(-%+-..-A5,L%21A0)6)-21A%3L)5+'%51(-%
.*51'()0*.%+033%N/-10%)516%(-10'7%'10*S0)'7%.-K50'7%0(+C%l%*%N2&35'/516%0.N5)0C%%"*+/%'(-)L%.*L%
&0%0RN*1A0A%2N-1%*'%*%+-..01(*)L%*&-2(%*%'L'(0.%-,%)03*(5-1'/5N'%l%1-(%(/0%51A5K5A2*3%
'N0+5,5+*33LC%E1A5K5A2*3'%-)%(-N5+'%*)0%-13L%+-1+0N(2*3%'(*)(516%N-51('C% M2)(/0)7%(/5'%.0(/-A-3-6L%
B533%A0.-1'()*(0%(/*(%T.0*1516,23%30*)1516U%+*1%&0%*++-.N35'/0A%&L%51(06)*(516%10B%S1-B30A60%
B5(/%(/0%'(2A01(\'%+2))01(%+23(2)*3%*B*)010''%-)%'-+5*3%+-1(0R('C!
G.(Q7<(50&!P$%%*+!!L$50!S3(9323.!1234$(530*+!!C$5392!\34329!G.=QR!1230329!07$!G($.50!A.2=$(!
A)@@<230*%
@/5'%N)-V0+(%5'%*1%0R*.N30%-,%(/0%A0'561%N)-+0''%&0516%(/0%&0'(%.0(/-A%-,%,)*.516%*%N)-&30.%*1A%
'L'(0.*(5+*33L%'-3K516%5(%51%*%B*L%(/*(%*33-B'%,-)%A0'561%(-%()23L%+/*160%-2)%+23(2)0C%%:10%B*L%(/*(%
A0'5610)'%+*1%65K0%-,%(/05)%(5.0%5'%(-%(2)1%(/05)%0,,-)('%(-%*%B-)(/B/530%+*2'0C%%E1%.L%+*'07%E%*.%
N*)(%-,%(/0%&)0*'(%+*1+0)%+-..215(L%&0+*2'0%&)0*'(%+*1+0)%(--S%.L%.-(/0)\'%35,0C%%@/)-26/%(/5'%
+-110+(5-17%E%0RN0)501+0A%*%100A%,-)%215(L%B5(/51%(/0%&)0*'(%+*1+0)%+-..215(LC%%:K0)%(5.07%E%
)0*35Q0A%(/*(%*'%*%A0'5610)%E%+-23A%,533%(/*(%100AC%%@/5'%)0*35Q*(5-1%/*'%*33-B0A%.0%(-%515(5*(0%*%
N)-V0+(%(/*(%/-N0'%(-%215(0%(/0%&)0*'(%+*1+0)%+-..215(LC%%E('%&*'5+%N)0.5'0%5'%*%B0&%'5(0%/2&%(/*(%
&)516'%(-60(/0)%*33%-,%(/0%.*V-)%N3*L0)'%51%(/0%&)0*'(%+*1+0)%+-..215(LC%%:(/0)%*'N0+('%-,%(/0%/2&%
51+32A0%*%'-+5*3%10(B-)S7%'N0+5*35Q0A%'0*)+/%0165107%*1A%N0)'-1*3%V-2)1*3'%-,%V-LC
G.((35&!J).22+!!J.8:)(8!1234$(530*+!!'7$!U$-!/)43$0!L)@.2R!"!A)%%$=034$!>)(0(.30%
T@/0%10B%!-K50(%B-.*1UmB/-%B*'%'/0`%%[5K01%/0)%*NN0*)*1+0%A2)516%*%(5.0%-,%)0K-32(5-1*)L%
+/*1607%'/0%.*L%/*K0%&001%.-)0%A5,,5+23(%(-%A0,510%(/*1%/0)%$.0)5+*1%+-21(0)N*)(C%
^0K-32(5-1*)L%*1A%+-.&*(=)0*AL7%(/0%10B%!-K50(%B-.*1%B*'%'-.0-10%B/-%B-23A%30*K0%/0)%
,*.53L%(-%,*+0%&*((30%*1A%B/-%B-23A%'*+)5,5+0%/0)%'*,0(L%,-)%(/0%,2(2)0C%%!/0%B*'%*3'-%*%.-(/0)7%
*1A7%*'%'/0%35K0A%-1%*%+-330+(5K0%,*).7%'-.0-10%B/-%A)-K0%*%()*+(-)C%%P2(%'/0%B*'%51K*)5*&3L%
*1-1L.-2'C%%E1A00A7%*3(/-26/%'-.0%-,%(/0'0%K*)5*(5-1'%+*1%&0%,-21A%51%(/0%K5'2*3%*)('7%B/0(/0)%
B0%'00%/0)%51%*%,*+(-)L%-)%-1%*%,*).7%B0%)*)03L%'00%/0)%*'%*%215Y20%51A5K5A2*3C%%E1%.L%N)0'01(*(5-17%
E%B*1(%(-%'2660'(%(/0%5A0*%-,%*%+-330+(5K0%N-)()*5(%*'%*%601)0%(/*(%0.0)60A%*'%N*)(%-,%(/0%'-+5*35'(%
)0*35'(%*0'(/0(5+C%%E1%S00N516%B5(/%(/0%(/0.0%-,%*1%0RN*1A0A%,503A%-,%N-)()*5(2)07%E%2'0%(/)00%N3*L'%
,)-.%(/5'%N0)5-A%*'%0R*.N30'%-,%+-330+(5K0%N-)()*5('%-,%(/0%10B%!-K50(%B-.*1C%%P0+*2'0%'/0%5'%
A5,,0)01(%51%*33%(/)007%E%*)620%(/*(%(/5'%10B%TN-)()*5(U%5'%*1-(/0)%K0)'5-1%-,%(/0%!-K50(%)0'N-1'0%(-%*%
+-1,35+(%&0(B001%(/0%*''0)(5-1%-,%*%215Y20%5A01(5(L%*1A%(/0%.-A03516%-,%*1%5A0*3%!-K50(%+5(5Q01C!
G$38%$(&!"22$+!!"92$5!/=)00!A)%%$9$+!!G)8*]'$D0!>()^$=0%
@/5'%B-)S%5'%N*)(%-,%*%;f=L0*)%G;nn>=>??<H%-1=6-516%N)-V0+(%-,%0K-3K516%A)*B516'7%N)51('%*1A%*)(5'(%
&--S'C% @/0'0%5.*60'%Y20'(5-1%(/0%N*)*.0(0)'%-,%)0N)0'01(*(5-1%-,%(/0%,0.*30%&-ALC% @/0%N)-V0+(%
51+32A0'%3*)60%GJ?Rf?51+/H%.-21(0A%A)*B516'%*1A%N)51('%(/*(%*)0%0R/5&5(0A%'5163L%-)%51%*%3510*)%
,)50Q0%51'(*33*(5-1C%%$3'-7%*)(5'(%&--S'%51+32A0%'.*330)%,)50Q0'%-,%5.*60'%-1%0*+/%N*60C% @/0)0%5'%*%
+-.N033516%V2R(*N-'5(5-1%&0(B001%5.*60'%(/*(%*)0%K50B0A%-1%(/0%6*330)L%B*33%*1A%(/-'0%K50B0A%*(%
*).'%3016(/%51%*1%*)(5'(%&--SC%%@/0%B-.*1%51%(/5'%B-)S%)0+3*5.'%*2(/-)5(L%-K0)%/0)%-B1%&-AL%51%
(/0%N)0'01+0%-,%(/0%6*Q0%-,%(/0%K50B0)C%%^0N0(5(5K0%N/*'0'%'2+/%*'%T'/0%3--S'7%'/0%3--S'7%'/0%
3--S'U7%T'/0%.-K0'%(-%(/0%0A60'%51%(/0%156/(7%*1A%T'/0%,51A'%1-%'-2)+0%B5(/51%/0)'03,U7%T/0*)(%)--(7%
,5160)'%30*K0'7%'-,(%,30'/%*33%(B56%*1A%K510%*1A%&)5'(30U7%+)0*(0%*%K053%-,%(/-26/('%*1A%0K-S0%5.*60'%
-1%(/0%&-ALC% @/0'0%N)5K*(0%(0R('%'3-B%A-B1%(/0%6*Q0%-,%(/0 K50B0)C%%@/0%N)0'01+0%-,%(/0%&-AL%
51A00A%&0+-.0'%*%.0(*N/-)%,-)%(/0!+$3+8*(5!#%!4&.%%)0K0*30A%51%(/0%(0R(C%%@/0%5.*60'%(/2'%+)0*(0%
*%N)5K*(0%'N*+0%-,%(/-26/(%*1A%&-ALC!
G$%.2&!P*(.+!G()-.(8!A)@@<230*!A)%%$9$+!'7$!S3(932!32!"(0R!H()@!6$83$4.%!0)!6)8$(2%
E1%.L%&--S7!H)&!0+'7+$!+$!2'3,!@'#8!<&/+&F*.!3#!<#/&'$7%g*)S'(-10aP*)10'%o%D-&307%>??j7%E%
'(5N23*(0%(/*(%(/0%N)0'01+0%-,%4*)L%/*'%*%3-16%(/0-3-65+*3%/5'(-)L%-,%()*1',-).*(5-1'C%%_2)516%(/0%
.-)0%,0.515'(%0*)3L%#/)5'(5*15(L7%4*)L%B*'%0Y2*(0A%B5(/%!-N/5*7%@/0%_5K510%85'A-.7%*1A%(/0%
F-3L%!N5)5(C%%E(%5'%+30*)%(/*(%(/0)0%*)0%.*1L%'5.53*)5(50'%&0(B001%(/0%+23(%-,%4*)L%*1A%(/0%*1+501(%
*1A%+-.N30R%)03565-1%-,%(/0%[-AA0''%E'5'C%%P-(/%/*K0%+-1+05K0A%(/05)%'-1'%51%212'2*3%B*L'7%*1A%
*)0%*)+/0(LN*3%12)(2)516%*1A%N)-(0+(5K0%.-(/0)'%(-%(/0%/2.*15(LC%%D2.0)-2'%'L.&-3'%-,%(/0%
4*A-11*%B0)0%51/0)5(0A%,)-.%(/0%.23(5(2A0%-,%(/0%'L.&-3'%-,%[)0*(%[-AA0''%E'5'7%*1A%-(/0)%
,0.*30%A5K515(50'%A0)5K0A%,)-.%(/0%-3A%.*()5*)+/*3%+23(2)0'C%
4*)5*1%/0)5(*60%+*1%&0%()*+0A%0K01%,2)(/0)%&*+S7%*1A%51(-%(/0%N)0=/5'(-)5+%(5.0'C%%E10K5(*&3L7%'/0%5'%
*1%*)+/0(LN0%*1A%*%)-30%.-A03%,-)%B-.01%(-%0.23*(07%*3(/-26/%'/0%+*1%&0%51(0)N)0(0A%51%.*1L%
A5,,0)01(%B*L'7%A0N01A516%-1%/0)%B-)'/5N0)'\%N0)'-1*3%+-1K5+(5-1'C!
G$%8$2I"8.@5&!P(35+!!A30*!1234$(530*!):!U$-!T)(Q+!!N.??*!U.E35!.28!6.%$!G)28329R!
/)%83$(5M!/2.?57)05!J$:(.@$!07$!L)(%8!L.(!,,!;D?$(3$2=$%
^0+01(%&--S'7%'2+/%*'%85335%^-'0\'!:)*/#>4!#%!Q*',!2!A&'8*$!:#./+&'R4!P#43!6)#3#7'*E)4!#%!
Q#'./!Q*'!SSG%N)-K5A0%$.0)5+*1%*2A501+0'%B5(/%*%10B%B*L%-,%(/51S516%*&-2(%(/0%B*)(5.0%
0RN0)501+0C% @/5'%&--S7%*%+-330+(5-1%-,%*.*(02)%'1*N'/-('%(*S01%A2)516%'0)K5+0%51%(/0%D*Q5%*).L7%
5'%(LN5+*3%-,%'-3A50)'\%'1*N'/-('C%^-'0%N)0'01('%*%B*)%0RN0)501+0%B/5+/%-.5('%&3--A%*1A
A0'()2+(5-1%51%,*K-)%-,%5.*60'%B/5+/%'N0*S%(-%.-.01('%-,%&-1A5167%K5'5('%(-%,-)0561%3*1A'7%*1A%
/*NNL%D*Q5'%B/-%*)0%V2'(%35S0%L-2%*1A%.0C%^-'0\'%&--S7%*1A%-(/0)%'-3A50)'\%*3&2.'%*1A%
'1*N'/-('7%*K-5A%*1L%+)5(5+5'.%-,%(/0%N-35(5+*3%5A0-3-650'%B/5+/%N)-.N(0A%(/0%B*)C% E1%(/5'%B*L7%
8-)3A%8*)%EE%'-3A50)'\%N0)'-1*3%A-+2.01(*(5-1%-,%(/05)%B*)%0RN0)501+0'%B*'%+-1'5'(01(%B5(/%(/0%
N-51(%-,%K50B%N-N23*)5Q0A%&L%N/-(-6)*N/'%)0N)-A2+0A%&L%N)-N*6*1A*%'0)K5+0'%*1A%(/0%
.*51'()0*.%.0A5*C%
E1%(/5'%N*N0)7%E%B533%0R*.510%'1*N'/-('%*1A%*3&2.'%.*A0%&L%$.0)5+*1%*1A%[0).*1%'-3A50)'%(-%
A5'+-K0)%*%N-51(%-,%K50B%215Y20%(-%(/5'%N/-(-6)*N/5+%N)*+(5+0C% E%B533%A5'+2''%(/0%'1*N'/-('\%
+-110+(5-1%(-%6-K0)1.01(=+-1()-330A%10B'%+-K0)*60%*1A%N)-N*6*1A*7%*1A%B533%*AA)0''%(/0%
+-1()-3%-,%N/-(-6)*N/5+%5.*60'%-,%B*)C%%M51*33L7%(/5'%N*N0)%B533%+-1+32A0%&L%+-.N*)516%8-)3A%8*)%
EE%'-3A50)'\%A-+2.01(*(5-1%-,%(/05)%-B1%B*)%0RN0)501+0'%B5(/%*%'-3A50)\'%'1*N'/-('%-,%(/0%
()0*(.01(%-,%N)5'-10)'%*(%$&2%[/)*5&%A0(01(5-1%,*+535(L%51%P*6/A*A7%E)*Y7%51%>??JC!
G$230$E&!F)(9$+!!S3(9323.!A)@@)2-$.%07!1234$(530*+!!'7$!,@?)(0.2=$!):!B.29<.9$!/Q3%%5!32!
.!\%)#.%!6.(Q$0%
@-A*L\'%+-..215+*(5-1%*)(5'(%/*'%1-%+/-5+0%&2(%(-%+-.N0(0%51%*%63-&*3%.*)S0(C%%]1,-)(21*(03L7%
.-'(%$.0)5+*1%6)*A2*(0'%*)0%533%N)0N*)0A%,-)%'2+/%*%+/*330160C%%4-'(%+*11-(%'N0*S7%.2+/%30''%
)0*A%-)%B)5(0%*%,-)0561%3*162*607%*1A%(/05)%"1635'/%'S533'%*)0%-,(01%51*A0Y2*(0C%%4*1L%-,%(/0'0%
'(2A01('%/*K0%35((30%-)%1-%0RN-'2)0%(-%51(0)1*(5-1*3%&2'510''%N)-(-+-3'C%%@/0L%3*+S%'5.N30%'-+5*3%
'S533'%*1A%'()26630%B5(/%'2+/%&*'5+%*+(5-1'%*'%51()-A2+516%(/0.'03K0'%51%*%+-1,5A01(7%N)-,0''5-1*3%
.*110)C%%E(%5'%5.N0)*(5K0%(/*(%(/0'0%'(2A01('%30*)1%(-%'N0*S%*1A%B)5(0%B033%5,%(/0L%*)0%(-%+-.N0(0%
'2++0'',233L%51%*1%51+)0*'5163L%A0.*1A516%A-.0'(5+%.*)S0(%*'%B033%*'%*1%21*K-5A*&30%
51(0)1*(5-1*3%*)01*C%%@/05)%*)(5'(5+%*&535(50'%*3-10%*)0%1-%3-160)%'2,,5+501(C%%D-(%-13L%B533%(/0L%/*K0%(-%
*)(5+23*(0%(/05)%5A0*'%+30*)3L%*1A%'2++51+(3L%51%+3501(%.00(516'7%&2(%(/0L%B533%/*K0%(-%0RN)0''%
(/0.'03K0'%0Y2*33L%B033%51%A565(*3%*1A%*1*3-6%+-))0'N-1A01+0C%%E1%356/(%-,%(/5'%)0*35(L7%
+-..215+*(5-1%*)('%N)-6)*.'%.2'(%0.N/*'5Q0%(/0%A0K03-N.01(%-,%*%(-(*3%+-..215+*(-)%B/-%5'%
&-(/%K5'2*33L%*1A%351625'(5+*33L%N)-,5+501(C!
G$25)2&!;(3=+!!1234$(530*!):!,%%32)35!.0!1(#.2.IA7.@?.392+!!L"U';CR!"2!;073=.%!.28!
/<50.32.#%$!C$5392!;8<=.03)2%
@-A*L\'%21A0)6)*A2*(0%6)*N/5+%A0'561%'(2A01(%B533%'--1%&0%,*+516%*%/-'(%-,%01K5)-1.01(*3%5''20'%
(/*(%B533%*,,0+(%(/05)%N)-,0''5-1%*1A%A*53L%35K0'C%%@/0%0RN0+(0A%>Cj%&5335-1%)5'0%51%63-&*3%N-N23*(5-1%
B533%0K01(2*33L%'()*51%-2)%1*(2)*3%)0'-2)+0'%*'%.-)0%+-21()50'%)5'0%51%0+-1-.5+%N)-B0''%N*)(3L%
,)-.%V-&'%'/5NN0A%-K0)'0*'%&L%]C!C%+-)N-)*(5-1'C%%$'%(/0%B-)3A%N-N23*(5-1%0RN*1A'7%'-%A-0'%(/0%
100A%,-)%+30*1%B*(0)7%,)0'/%*5)7%'*,0%,--A7%.-)0%V-&'7%0,,5+501(%/-2'5167%A0N01A*&30%()*1'N-)(*(5-17%
51+)0*'0A%[_g%*1A%.*1L%-(/0)%A*53L%*1A%0+-1-.5+%10+0''5(50'C%%@/0'0%A0.*1A'%+-23A%0RN*1A%
(/0%A0'()2+(5-1%-,%-2)%,-)0'('%*1A%51+)0*'0%(/0%N-332(5-1%-,%-2)%*5)%*1A%B*(0)%(-%.00(%(/0%100A%,-)%
*%6)-B(/%51%*6)5+23(2)07%/-.0%&253A5167%N)51(%+-..215+*(5-1'a*AK0)(5'516%GN*N0)%2'0%/*'%()5N30A%
'51+0%;nj;H%*1A%+-.N-21A%010)6L%5''20'%,-)%030K*(0A%N)-A2+(5-1%-,%N)-A2+('%(-%'*(5',L%
'/*)0/-3A0)'C%%[)*N/5+%A0'5610)'%(/)-26/%(/05)%21,-)(21*(0%561-)*1+0%-,%(/0%5.N*+('%-,%N*N0)%
G(/05)%.*51%K0/5+30%(-%+-..215+*(0%(/05)%.0''*6516H%)0*A53L%+-1()5&2(0%.-10L%(-%(/0%(/5)A%3*)60'(%
N-332(516%51A2'()L%51%(/0%B-)3Ac%(/0%N*N0)%.533'C%%]1A0)'(*1A516%(/0%,*)=)0*+/516%01K5)-1.01(*3%*1A%
'-+5*3%5.N*+('%5'%100A0A%51%-2)%A0'561%0A2+*(5-1%+2))5+232.%(-%,51A%B*L'%(-%/03N%+/*160%-2)%
+2))01(%B*L%-,%.*S516%*)(C!
G$0E&!/=)00+!!L3250)2I/.%$@!/0.0$!1234$(530*+! '7$!;::$=0!):!07$!A$20$(!:)(!C$5392!
,22)4.03)2!)2!.!N350)(3=.%%*!G%.=Q!1234$(530*M5!H)<28.03)2!>()9(.@%
E1%>??I%*%#-.N)0/01'5K0%"+-1-.5+%_0K03-N.01(%!()*(06L%G#"_!H%B*'%A0K03-N0A%&L%$1603-2%
"+-1-.5+'%,-)%(/0%)065-1%'0)K0A%&L%(/0%D-)(/B0'(%g50A.-1(%#-21+53%-,%[-K0)1.01(C%@/0
'()*(06L%'()-163L%)0+-..01A0A7%&*'0A%-1%.*)S0(%A0.*1A7%(/*(%(/0%)065-1%N2)'20%*%+-2)'0%(-%
*++030)*(0%(/0%6)-B(/%-,%(/0%+32'(0)%-,%A0'561=51(01'5K0%&2'510''0'%(/*(%0R5'('%51%(/0%g50A.-1(%
@)5*AC%%E1%)0'N-1'0%(-%(/0%)0+-..01A*(5-1%51%(/0%#"_!7%(/0%D-)(/%#*)-351*%!+/--3%-,%(/0%$)('7%
851'(-1=!*30.%!(*(0%]15K0)'5(L%*1A%M-)'L(/%@0+/15+*3%#-..215(L%#-33060%*)0%+-33*&-)*(516%(-%
0'(*&35'/%(/0%#01(0)%,-)%_0'561%E11-K*(5-1%G#_EHC%%@/0%+01(0)%B533%'N0+5*35Q0%51%(/0%*NN35+*(5-1%-,%
A565(*3%A0'561%51%01(0)(*51.01(7%35,0%'+501+07%0A2+*(5-17%N)-A2+(%A0'5617%*1A%N)-A2+(%.*)S0(516C%
$3-16%(/0'0%3510'7%(/0%8!!]%M-21A*(5-1%g)-6)*.%GS1-B1%*'%GMHP^E#c%GM-21A*(5-1H%P253A7%
^0'0*)+/7%E11-K*(07%#-33*&-)*(0H%/*'%A0K03-N0A%*%N0A*6-65+*3%N)-+0''%(/*(%5'%N)-&30.=&*'0A7%
)*(/0)%(/*1%0R0)+5'0=&*'0A%GP*2/*2'H%*1A%0R+00A5163L%A565(*3%51%'+-N0C%%@/5'%10B%,)0'/.*1%
0RN0)501+0%1-(%-13L%.5))-)'%(/0%,)0'/.*1%+-1'2.N(5-1%-,%(/0%A565(*3%0RN0)501+0A%B-)3A=%
4L!N*+07%M*+0&--S7%O-2@2&07%6*.0'7%K5A0-'7%*15.*(5-17%.2'5+7%&2(%+)0*(0'%*%'(2A01(%
0.N-B0)0A%K0)'5-1%(/)-26/%(/0%+)0*(5-1%-,%-2)%-B1%,-21A*(5-1=,-+2'0A%.*6*Q510%*1A%B0&'5(0C!
G3$%)7&!C.438+!!"<5032!>$.*!/0.0$!1234$(530*+!!C_(34$!.28!C_0)<(2@$20R!07$!C$5392!
/30<.03)23505%
E1%g*)5'7%M)*1+0%A2)516%(/0%;nj?'%*%6)-2N%-,%N-35(5+*3%*1A%*)(5'(5+%*65(*(-)'%G(/0%!5(2*(5-15'('H%
A0K03-N0A%*%1-1='+501(5,5+%)0'0*)+/%.0(/-A%+*330A%(/0%Ap)5K07%B/5+/%.0*1'%35(0)*33L%T(-%A)5,(CU%
4-)0%'N0+5,5+*33L7%A2)516%*%Ap)5K0%N*)(5+5N*1('%*((0.N(0A%(-%51(0)N)0(5K03L%T)0*AU%*%60-6)*N/5+%
*)0*7%*1A%()*1',-).%(/05)%-&'0)K*(5-1'%(-%.0*1%'-.0(/516%10BC%%g*)(5+5N*1('%51%*%Ap)5K0%.*A0%
-&'0)K*(5-1'%-,%+0)(*51%(/516'7%*((0.N(0A%(-%+-110+(%51%'-.0%B*L%GK5'2*33L7%0.-(5-1*33L7%-)%
'L.&-35+*33LH%B5(/%(/05)%-&'0)K*(5-1'7%*1A%5.&20A%(/-'0%(/516'%B5(/%10B%.0*1516%&L%()*1',-).516%
(/0.%l%)0)-2(516%(/0.%l%(-%.0*1%'-.0(/516%-,%(/05)%-B1%.*S516C%@/5'%N)-+0''%B*'%)0,0))0A%(-%*'%
TAp(-2)10.01(U7%*1A%5(%B*'%*%()23L%.23(5='01'-)L%0RN0)501+0%(/*(%E%/*K0%*A*N(0A%(-%.L%-B1%A0'561%
N0A*6-6LC%8/01%*NN350A%(-%A0'561%(-A*L%(/5'%N)-+0''%)0Y25)0'%'(2A01('%-,%A0'561%(-%'(0N%&0L-1A%
(/0%()*A5(5-1*3%)-30%-,%(/0%A0'5610)%*1A%&0+-.0%5..0)'0A%51%*1%0RN0)501(5*3%N)-+0''%-,%+)0*(5K0%
51(0)N)0(*(5-1%*1A%0RN3-)*(5-1C%%!(2A01('%51%.L%A0'561%+3*''0'%/*K0%N*)(5+5N*(0A%51%(/)00%Ap)5K0%
N)-V0+('%B/0)0%(/0L%B0)0%)0Y25)0A%(-%A5'+-K0)%/-B%0*+/%60-6)*N/5+%N3*+0%*,,0+('%2'%N/L'5+*33L7%
N'L+/-3-65+*33L7%*1A%0.-(5-1*33L7%*1A%(-%+)0*(0%N50+0'%-,%A0'561%(/*(%+-..215+*(0A%*1A%
)0+-1(0R(2*35Q0A%(/-'0%0RN0)501+0'C%%@/5'%N)0'01(*(5-1%B533%)0K0*3%(/0%N)-+0''0'%*1A%+)0*(5K0%
)0'23('%51K-3K0A%51%0*+/%-,%(/0'0%N)-V0+('C!
G%$3=7$(&!/0$4$2+!!A).50.%!A.()%32.!1234$(530*+!"!O<.%30*!128$(9(.8<.0$!;8<=.03)2[%
@/5'%N*N0)%B533%A5'+2''%(/0%2'0%-,%[)*A2*(0%@0*+/516%$''5'(*1('%G@$'HC%%D2.0)-2'%+-33060'7%
215K0)'5(50'%*1A%*)(%'+/--3'%2'0%6)*A2*(0%'(2A01('%*'%*AV21+(%,*+23(L%51%21A0)6)*A2*(0%N)-6)*.'C%
4*1L%01A%2N%(0*+/516%(/0%,-21A*(5-1'%+3*''0'%B5(/%35((30%-)%1-%N)0N*)*(5-1%-)%()*51516C%E1%(0).'%-,%
+)0A01(5*3'7%.-'(%-,%(/0'0%51'()2+(-)'%-13L%/*K0%*%&*+/03-)\'%A06)00C%%@/0%Y20'(5-1%(/*(%*)5'0'%5'%
(/0%A06)00%-,%+)0A5&535(L%,-)%(/0'0%51'()2+(-)'C%
$'%*%A0N*)(.01(%+/*5)7%/5)516%10B%,*+23(L%B5(/%-13L%*%P$%-)%PM$%.*L%&0%N)-&30.*(5+C%%4-'(%
*++)0A5(516%*601+50'%)0Y25)0%*1%4M$%(-%&0%N)-N0)3L%+)0A01(5*30AC%%:,(017%*1%0RN3*1*(5-1%
)06*)A516%B/L%(/5'%N0)'-1\'%&*+S6)-21A%B*'%0Y2*3%(-%*1%4M$%.*L%&0%)0Y25)0AC%%8/530%(/5'%
N)*+(5+0%-,%2'516%@$'%5'%6--A%,-)%6)*A2*(0%'(2A01('%51%65K516%(/0.%(/0%,5)'(%3510%-1%(/05)%K5(*%51%
(0).'%-,%(0*+/516%0RN0)501+07%5'%5(%6--A%,-)%-2)%21A0)6)*A2*(0%'(2A01('`%%$)0%B0%'/-)(+/*16516%
(/0.`%%E'%(/5'%*1%5''20%-,%N)-.-(516%Y2*35(L%0A2+*(5-1%-)%0+-1-.5+'`%
E1%-)A0)%(-%*AA)0''%(/5'%5''207%E%B533%A5'+2''%/-B%-)6*15Q*(5-1'%35S0%M$@"7%!"#$#%*1A%#$$%+*1%
30*A%(/0%B*L%51%0'(*&35'/516%'(*1A*)A'%,-)%[)*A2*(0%@0*+/516%$''5'(*1('C%%@/5'%B533%+)0*(0%&0((0)%
(0*+/0)'%-,%-2)%6)*A2*(0%'(2A01('%*1A%N)-K5A0%*1%5.N)-K0A%0A2+*(5-1*3%0RN0)501+0%,-)%-2)%
21A0)6)*A2*(0'C
G)#3=Q&!G(*2.+!!1234$(530*!):!\$)(93.+!!"!A)%%.#)(.034$!/0<83)!"(0!>()^$=0!G$0-$$2!.2!
;%$@$20.(*!/=7))%!.28!.!A)%%$9$!"(0!C$?.(0@$20%
W*[)*160%#-33060%*1A%^-'0.-1(%"30.01(*)L%!+/--3%+-33*&-)*(0A%-1%*1%*)(%'(2A5-%N)-V0+(%51%
4*L7%>??<%+030&)*(516%[0-)65*%/5'(-)LC%%$,(0)%+-.N30(516%(/05)%'(2AL%-,%[0-)65*%B5(/%/-.0)--.%
(0*+/0)'7%f(/%6)*A0%'(2A01('%*(%^-'0.-1(%"30.01(*)L%B-)S0A%-1%*%+-33*&-)*(5K0%N)-V0+(%-,%
N*51(516'%(/*( ,-).0A%*%Y253(%A0N5+(516%'+010'%-,%[0-)65*C%%]1A0)6)*A2*(0%*)(%.*V-)'%,)-.%
W*[)*160%#-33060%B-)S0A%B5(/%(/0%f(/%6)*A0%'(2A01('%(-%+-.N30(0%(/0%+-33*&-)*(5K0%N)-V0+(C%%@/5'%
N)-V0+(%5'%5.N-)(*1(%,-)%^-'0.-1(%"30.01(*)L%!+/--3%&0+*2'0%5(%/*'%*%35.5(0A%,510%*)('%N)-6)*.C%
#2))01(3L7%(/0%K5'2*3%*)('%(0*+/0)%5'%*(%(/0%'+/--3%,-)%-13L%/*3,%(/0%L0*)C%%@/0%N*51(0A%Y253(%B*'%30,(%
*'%*%65,(%(-%(/0%'+/--37%*%()*A5(5-1%'(*)(0A%L0*)'%*6-C%%@/5'%'0)K0'%*'%*%B*L%,-)%(/0%f(/%6)*A0%
'(2A01('%(-%'*L%T(/*1S%L-2U%(-%(/0%(0*+/0)'%*1A%'(*,,C%
@/5'%N)-V0+(%*3'-%*33-B0A%(/0%21A0)6)*A2*(0%'(2A01('%*%(*'(0%-,%)0*3%B-)3A%*)(%0A2+*(5-1%*1A%*%
+/*1+0%(-%51(0)*+(%B5(/%'(2A01('%,)-.%(/0%+-..215(LC%%!0)K5+0=30*)1516%5'%5.N-)(*1(%(-%(/0%.5''5-1%
-,%W*[)*160%#-33060C%%@/5'%N)0'01(*(5-1%A5'+2''0'%(/0%N*)(10)'/5N%&0(B001%*%/56/0)%0A2+*(5-1%
51'(5(2(5-1%*1A%*%N2&35+%030.01(*)L%'+/--3C!
G)%8<.2&!J<07+!!S3(9323.!A)@@)2-$.%07!1234$(530*+!!L.28$(329!07$!/0.=Q5!:()@!\%.59)-!
0)!J3=7@)28!.28!>)3205!G$*)28%
$)(5'('%B*1A0)%(/)-26/%.2'02.%&--S'/-N'7%*)(%'+/--3%35&)*)50'%*1A%6*330)50'%'0*)+/516%,-)%+*'2*3%
A5'+-K0)50'%(/*(%N)-K0%K5(*3C%@/5'%21A5'+5N3510A%*1A%533-65+*3%.0(/-A%21+-K0)'%10B%A5)0+(5-1'%(/*(%
B-23A%10K0)%/*K0%-++2))0A%(/)-26/%A535601(%*1A%)*(5-1*3%)0'0*)+/C%%@/0%'5615,5+*1(%*'N0+(%-,%(/5'%
)0'0*)+/%5'%5('%(*+(535(L%*1A%5('%)035*1+0%-1%-&'0)K*(5-1*3%'0)01A5N5(LC%%$'%*%N*51(0)7%E%()*K03%(-%-AA%
N3*+0'7%B*1A0)%(/)-26/%-&'+2)0%35&)*)50'7%*1A%,51A%5'-3*(0A%'N-('%51%3-+*3%.2'02.'C%%@/5'%+2)5-2'%
.0(/-A-3-6L%,00A'%.L%B-)S7%*1A%E%()2'(%5(%5.N35+5(3LC%%@/5'%.0(/-A%5'%*1*3-6-2'%(-%*)(5'(5+%N)*+(5+0%
5('03,7%B/0)0%(/0%'(5.235%-,%/*1A%*1A%0L0%+)0*(0%*%10B%(/5167%210RN0+(0A7%*1A%10K0)%'001%&0,-)0C!
G))2$&!N.((*!L+!!'7$!1234$(530*!):!S3(9323.M5!A)%%$9$!.0!L35$+!!"2!;073=.%!"(9<@$20!:)(!
H39<($!C(.-329!.28!K#^$=034$%*!G.5$8!"(0!;8<=.03)2%
@/0)0%*)0%(/-'0%51%*+*A0.5+%*)(%B/-%A5'.5''%(/0%N)5.*+L%-,%-&'0)K*(5-1*33L%&*'0A%K5'2*3%
51K0'(56*(5-1%G0C6C7%,562)0%A)*B516H%51%,*K-)%-,%10B%.0A5*%*1A%+-1+0N(2*3%.-A0'%-,%*)(5'(5+%
0RN)0''5-1C% $1A%(/0)0%*)0%(/-'0%B/-%*)0%,0)K01(%A0,01A0)'%-,%()*A5(5-1*3%.-A0'%-,%*)(5'(5+%'(2AL%
(-%0R+32'5-1%-,%10B%A5)0+(5-1'C% P2(7%(/0)0%5'%*%.5AA30%6)-21AC%%85(/51%(/0%215K0)'5(L%'L'(0.7%*)(%
'(533%,56/('%(-%0'(*&35'/%5('%N3*+0%*1A%5('%B-)(/510''%*.-16%-(/0)%A5'+5N3510'C% E%N-'5(%(/*(%(/5'%
(012-2'%N-'5(5-1%301A'%(-%*%+)5'5'%-,%5A01(5(LC%%M)*1S3L7%,562)0%A)*B5167%N*51(516%*1A%'+23N(516%A-1\(%
'033%B033%51%(-A*L\'%0A2+*(5-1*3%.*)S0(N3*+0C% 4*12*3%*+(5K5(L%5'1\(%51%S00N516%B5(/%*+*A0.5+%
+/*)*+(0)C% D-)%A-0'%5(%*NN0*3%(-%/*1A'%(/*(%/*K0%'001%.-)0%S0L&-*)A%(5.0%(/*1%+-1(*+(%B5(/%'-537%
B--A7%.0(*3%*1A%6)0*'0C%
@/0%N/L'5+*3%.*15N23*(5-1%-,%(*+(530%.*(0)5*3'%51%*++-)A*1+0%B5(/%-10\'%-&'0)K*(5-1%-,%-&V0+(5K0%
'2&V0+('%5'%(/0%K0)L%,-21A*(5-1%-1%B/5+/%K5'2*3%(/51S516%*1A%0RN)0''5-1%N)-N0)3L%)0'(C% @-A*L\'%
'(2A01('%.56/(%B033%'00%*1A%0RN0)501+0%(/516'%A5,,0)01(3L%(/*1%B/*(%N)0K5-2'%6010)*(5-1'%/*K0%
S1-B1C% P2(%(/*(%A-0'1\(%.0*1%(/0L%/*K0%(-%3--S%*(%(/516'%A5,,0)01(3LC%%E(%5'%-2)%0(/5+*3%A2(L%(-%
.*S0%*%+*'0%,-)%(/0%)030K*1+L%-,%35,0%A)*B516C!
G)*$(&!F.23$+!!1234$(530*!):!/)<07!A.()%32.+! H()@!6.(*!0)!F)5$?7R!'7$!A)22$=03)2!
#$0-$$2!B)=.03)2!.28!C$4)03)2%
@/0%3-+*(5-1'%*1A%'2))-21A516'%-,%*)(B-)S'%+*1%'()-163L%51,-).%(/05)%.0*1516C%%E1%,*+(7%(B-%
N*51(516'%B5(/%,21A*.01(*33L%'5.53*)%*NN0*)*1+0'%*1A%5+-1-6)*N/50'%+*1%0RN)0''%A0K-(5-1%(-
A5,,0)516%,562)0'7%A0N01A516%-1%(/05)%+-1(0R('C% @/5'%(*3S%B533%+-.N*)0%(B-%Y2*(()-+01()-!2/#'*3+#$4!
#%!3)&!<*75c%-10%&L%4*'*++5-%,-)%*%#*).035(0%#/2)+/%51%g5'*7%*1A%(/0%-(/0)%&L%*%,-33-B0)%-,%M)*%
$16035+-%B-)S516%*(%(/0%.-1*'(0)L%-,%!*1%4*)+-C%%P-(/%'+010'%0.N3-L%(/0%'*.0%&*'5+%
+-.N-'5(5-1*3%'+/0.0c%(/0%/-3L%,*.53L%'5((516%51%*%'N*)03L%51A5+*(0A%3-+*(5-17%B5(/%(/0%.*65%*1A%
(/05)%01(-2)*60'%01(0)516%,)-.%(/0%)56/(C%%P2(%(/0%-)5651*3%+-1(0R('%-,%(/0%N*51(516'%K*)50A%6)0*(3LC%
4*'*++5-\'%B-)S%B*'%*%)03*(5K03L%N2&35+%-107%-)5651*33L%N*)(%-,%*%3*)60%*3(*)N50+0C%%@/0!2/#'*3+#$%
,)-.%!*1%4*)+-7%-1%(/0%-(/0)%/*1A7%'(--A%*3-10%*1A%B*'%+)0*(0A%*'%*1%*5A%(-%N)5K*(0%.0A5(*(5-1C%
@/0%+-1()*'(516%3-+*(5-1'%-,%(/0'0%(B-%K0)L%'5.53*)%B-)S'%A0,510%(/0%A5,,0)01+0'%&0(B001%(/0.C%
4L%N*N0)%0R*.510'%N)0+5'03L%/-B%(/0%.0*1516'%-,%(/0%(B-%N*51(516'%G*1A%(/05)%'2&(30%
5+-1-6)*N/5+%A5,,0)01+0'H%*)0%A5)0+(3L%+-110+(0A%(-%(/05)%-)5651*3%'0((516'7%*1A%/-B%(/0%A0K-(5-1*3%
,-+2'%'/5,('%,)-.%4*)L%(-%Z-'0N/C!
G)*%.2&!"%$D35!B+!!1234$(530*!):!'$22$55$$&!P2)D43%%$+!!J.=$!.28!P305=7R!L7$($!K<0538$!
.28!,2538$!A)%%38$%
@/5'%N*N0)%B533%,-+2'%-1%(/0%*)(%-,%^-&0)(%#-30'+-((%*1A%45+/*03%^*L%#/*)30'%51%-)A0)%(-%+)5(5+*33L%
0R*.510%S5('+/%*1A%)*+0C%%E%&0651%&L%A0.-1'()*(516%/-B%+-1K0)'*(5-1'%-,%S5('+/%/*K0%,)0Y201(3L%
A0150A%)*+0%*'%*%,*+(-)%51%*''0''516%/-B%+23(2)0%-N0)*(0'C%%_5'+2''5-1'%-,%/56/a3-B%+23(2)0%)0K0*3%
(/05)%'+/-3*)3L%/0)5(*60%&L%,-+2'516%*3.-'(%0R+32'5K03L%-1%+3*''%*'%*%&*))50)%(/*(%/*'%N0).5((0A%-)%
A0150A%N0-N30%*%+23(2)*3%K-5+0C%%P2(%51%(/0%+*'0%-,%)*+5*3%.51-)5(50'%*++0''%(-%T/56/U%+23(2)0%/*'%
&001%N)-6)*..*(5+*33L%A0150A%(/)-26/%K*)5-2'%N-35(5+*3%*1A%'-+5*3%'()2+(2)0'%*1A%T3-BU%-)%N-N23*)%
+23(2)0%/*'%&001%+-.N35+*(0A%,-)%.51-)5(50'%*'%(/0L%*)0%-,(01%'0(%2N7%*'%51%(/0%+*'0%-,%+-330+(5&30'7%
*'%(/0%V-S0%-)%(/0%'(0)0-(LN0A%&-AL%51%(/0%5.*60C%%^*+0%(/2'%&51A'%.51-)5(50'%(-%N-N23*)%+23(2)0%
*1A%S5('+/%B/530%10K0)%6)*1(516%,233%*++0N(*1+0%-)%*++0''q%(/0L%*)0%105(/0)%B/-33L 51'5A0%1-)%
B/-33L%-2('5A0%05(/0)%'()2+(2)0C%%@/2'7%/-B%2'0,23%5'%(/0%(0).%S5('+/%51%(/51S516%*&-2(%)*+0%*1A%
+23(2)*3%N)-A2+(5-1`%%]'516%B-)S'%'2+/%*'%#-30'+-((\'%*NN)-N)5*(5-1%-,%g5+*''-\'%5.*60)L%*1A%
#/*)30'\'%&3*+S=,*+0A%N-)()*5('%-,%"3K5'%g)0'30L7%E%B533%*)620%(/*(%(/0'0%*)(5'('%2'0%(/0%&-21A*)50'%
-,%/56/a3-B%+23(2)0%(-%/56/356/(%/-B%(/0%K0)L%5A0*%-,%S5('+/%5'%5('03,%*%(--3%-,%)*+5*3%'2N)0.*+LC!
G(.8%$*&!U)$%%$!>.<%5)2+!!L.573290)2!1234$(530*!32!/0+!B)<35+!!,2!C$:$25$!):!
"207()?)@)(?735@R!;8-32!B.285$$(`5!C)95!32!6)<(2329%
8/01%!5)%"AB51%W*1A'00)%A50A%51%;r<I7%6)50,%A5A%1-(%N)0K01(%(/0%-&5(2*)L%B)5(0)%,-)!1*'E&'R4!
Q&&=.5%,)-.%3*.01(516%(/*(%TW*1A'00)%B*'%N0)/*N'%-K0),-1A%-,%65K516%*%/*3,=/2.*1%0RN)0''5-1%
(-%/5'%*15.*3'C% @/0L%B0)0%'-.0(5.0'%.0)0%+*)5+*(2)0'%-,%/2.*15(LsCU% @/5'%)06)0(%(/*(%
W*1A'00)\'%*15.*3'%B-)0%/2.*15Q0A%,*+5*3%0RN)0''5-1'%+-1(5120A%51(-%(/0%(B01(50(/%+01(2)L7%
B/01%/5'%)0N2(*(5-1%)0*+/0A%*%1*A5)C% M-)(21*(03L7%W*1A'00)\'%*)(%/*'%)0+01(3L%&001%(/0%'2&V0+(%-,%
.-)0%12*1+0A%51(0)N)0(*(5-1'%&L%!(0N/01%_2,,L%*1A%_5*1*%_-1*3A7%B/-%&-(/%*)620%(/*(%(/0%
*)(5'(\'%*1(/)-N-.-)N/5'.%5'%1-(%'5.N3L%+*)5+*(2)*3C% F5'%*1(/)-N-.-)N/5'.'%+*1%&0%21A0)'(--A%
*'%N)-(0'('%*6*51'(%*+*A0.5+%'()5+(2)0'%-)%*'%N-561*1(%*((0.N('%(-%0RN3*51%(/0%/2.*1%+-1A5(5-1%
(/)-26/%(/0%,-).%-,%(/0%/21(0A%'(*6C% 4L%N*N0)%'00S'%(-%0R(01A%(/5'%)0*''0''.01(%(-%W*1A'00)\'%
N*51(516'%-,%.-2)1516%A-6'C%E%*)620%(/*(%B-)S'%35S0!233*()8&$3%G;r>n7%!*51(%W-25'%$)(%42'02.H%
*1A!H)&!T./!:)&E)&'/R4!")+&%!<#;'$&'%G;rI<7%95+(-)5*%*1A%$3&0)(%42'02.H%0.&-AL%*%+)5(5+*3%*1A%
N)-A2+(5K0%*1(/)-N-.-)N/5'.C% P0+*2'0%-,%/5'%2'0%-,%*1(/)-N-.-)N/5+%N-'0'%*1A%0RN)0''5-1'7%
W*1A'00)\'%*15.*3'%0R/5&5(%5110)7%0.-(5-1*3%+-.N30R5(50'C% ]3(5.*(03L7%W*1A'00)\'%N*51(516'%-,%
A-6'%+-1K0L%*%.-)*3%.0''*60c%5,%(/0'0%*15.*3'%/*K0%'2+/%*%+*N*+5(L%,-)%6)50,7%N*(501+07%*1A%
&)*K0)L7%/2.*1'%'/-23A%0.&)*+0%)*(/0)%(/*1%,0*)%*1%01+)-*+/516%*15.*35(LC
G($-$(&!'7)@.5!6+!!1234$(530*!):!A$20(.%!H%)(38.+!!"2!1?8.0$!)2!C$4$%)?329!.!G<28%$8!"(0!
"55$55@$20%
@/5'%3510%-,%)0'0*)+/%/*'%6)-B1%-2(%-,%*%N0)+05K0A%100A%(-%A0K03-N%'-.0%B033=)-21A0A%*)(%
0A2+*(5-1%*''0''.01(%5(0.'%(/*(%+-23A%&0%2'0A%*(%(/0%'+/--37%A5'()5+(7%-)%'(*(0%30K03C%%@/0%(B-=%
L0*)%'(2AL%/*'%N)-6)0''0A%(-%(/0%'5(0%'030+(5-1%*1A%'*.N30%N-N23*(5-1%'(*60C%%!030+(0A%&21A30A%
*''0''.01(%5(0.'%B533%&0%(0'(0A%51%(/0%'N)516%-,%>??rC%%!-.0%'*.N30%*''0''.01(7%)0'0*)+/%
(5.03510'7%A0'561%A0K03-N.01('7%'5(0%'030+(5-17%51'()2.01(*(5-17%)*(0)%()*515167%*1A%*A.515'()*(5-1%
51,-).*(5-1%B533%&0%A5'+2''0AC%
M21A'%,)-.%*%>??<%D*(5-1*3%$)(%"A2+*(5-1%M-21A*(5-1%[)*1(%N*)(5*33L%'2NN-)(%(/0%A0K03-N.01(%-,%
*%P21A30A%G.23(5N30%.0*'2)0'H%95'2*3%$)('%#-.N)0/01'5K0%$''0''.01(%E1'()2.01(7%51+32A516%
A0'561%-,%*AV2A5+*(5-1%*1A%A*(*%*1*3L'5'%N)-+0A2)0'7%*1A%A0'561%*1A%N53-(%(0'(516%51%,-2)%056/(/=%
6)*A0%*)(%+3*'')--.'C%%@/5'%)0'0*)+/%A5)0+(3L%*AA)0''0'%(/0%0K*32*(5-1%*1A%*''0''.01(%)0'0*)+/%
*)0*'%0'(*&35'/0A%&L%(/0%D$"$%^0'0*)+/%#-..5''5-1\'%$''0''.01(%*1A%"K*32*(5-1%@*'S%M-)+0%
*1A%(/0%;nn<%D$"g%$)('%^0N-)(%#*)AC%%$''0''.01(%5'%*(%(/0%/0*)(%-,%N-35+L%.*S516%'-%(/5'%'(2AL%
*3'-%/*'%'-.0%,*)%)0*+/516%5.N35+*(5-1'%,-)%*)(%0A2+*(5-1%N-35+LC%
t@/5'%)0'0*)+/%5'%'2NN-)(0A%&L%*%>??<%D*(5-1*3%$)(%"A2+*(5-1%M-21A*(5-1%^0'0*)+/%6)*1(C!
G()-2&!>$0$(!/=)00+!!1234$(530*!):!U)(07!H%)(38.+!!,20$9(30*&!A)20329$2=*&!A)%%.?5$R!!'7$!
"0%.5!H39<($!.28!6$83$4.%!"(=730$=0<(.%!"%%$9)(*%
$(3*1(0'7%(03*.-10'7%*(3*'=,562)0'7%&L%B/*(0K0)%1*.0'%(/0L%*)0%S1-B17%/2.*1%,562)0'%*'%
*)+/5(0+(2)*3%'2NN-)('%*)0%*.-16%(/0%.-'(%+-..-1%'2&V0+('%51%(/0%*)(%-,%(/0%45AA30%$60'C%%$%
N-(01(5*33L%&0B53A0)516%*))*L%-,%+/*)*+(0)'%301A'%(/05)%&-A50'%(-%&0%.-(5,'%-,%'2NN-)(7%B/5+/%/*'%
+-.N35+*(0A%N*'(%0,,-)('%(-%*(()5&2(0%*%+30*)%.-)*3%-)%'L.&-35+%'5615,5+*1+0%(-%(/0%(LN0C%%$(3*'=%
,562)0'%*)0%K*)5-2'3L%N533*)'%-,%'()016(/%*1A%,562)0'%-,%3*R5(L%*1A%A0+)0N5(2A0C%%!*51('7%A5'+5N30'7%
*1A%*N-'(30'%'/-23A0)%(/0%B056/(%-,%(/0%+/2)+/%&2(%*3'-%(/0%N0)'-15,50A%'51'7%/0)0(5+'7%'3*K0'7%*1A%
.-1'(0)'C%%$(3*'=,562)0'%*)0%&L%(2)1'7%.-)*35Q5167%+030&)*(-)L%*1A%()52.N/*37%V-+23*)%*1A%N)-,*10C%
@/0L%*)0%215(0A%-13L7%N0)/*N'7%&L%(/05)%K5'2*3%*1A%*)+/5(0+(2)*3%,21+(5-1'C%%@/0L%)01A0)7%
N)-N)5-+0N(5K03L7%(/0%51K5'5&30%(0+(-15+%'()0''0'%-1%(/0%.0.&0)'%-,%(/0%&253A516C%%8/0(/0)%,00&30%
-)%.56/(L7%B5+S0A%-)%)56/(0-2'7%(/0%*(3*'%,562)0%()*1'.2(0'%'-35A%'(-10%(-%L503A516%,30'/C%%E(%
0.&-A50'7%(/5'%N*N0)%N)-N-'0'7%*1%*)+/5(0+(2)*3%*3306-)L%-,%51(06)5(L%*1A%+-33*N'0%(/*(%51,-).'%(/0%
N2)N-'0%-,%.0A50K*3%*)+/5(0+(2)*3%'+23N(2)07%N*)(5+23*)3L%*(%(/0%.-.01(%-,%5('%B5A0'N)0*A%)0K5K*3%
A2)516%(/0%^-.*10'Y20%N0)5-AC%%@/5'%(/0-)L%N-51('%(-%10B%51'56/('%51(-%&-(/%.0A50K*3%5A0*'%-,%(/0%
+/2)+/7%+-1(0R(2*37%N/L'5+*3%*1A%(/0-3-65+*37%*1A%(/0%AL1*.5+'%-,%'01'0%*1A%N0)+0N(5-1%51%
.0A50K*3%*)(C!
G(<5Q3&!>.<%!J+!!,)-.!/0.0$!1234$(530*!" 6.??329!H%.95&!H$2=$5&!H%)-$(5!.28!>)%303=.%!
/3925R!!L7.0!63970!'7)5$!'73295!32!07$!T.(8!6$.2#"
@/5'%N)0'01(*(5-1%B533%+)5(5Y20%*1A%0RN3-)0%*%10B%TK533*60%+-1+0N(U%1056/&-)/--A%(/)-26/%K*)5-2'%
(LN0'%-,%.*N'%&*'0A%-1%N0)'-1*3%-&'0)K*(5-1C% @/0'0%.*N'%51+32A0%A-+2.01(*(5-1%-,%N/L'5+*3%
5(0.'%(/*(%.*L%'5615,L7%-)%N-51(%(-%(/0%21A0)3L516%+-1'()2+(5-1%*1A%N0)+0N(5-1%-,%(/0%1056/&-)/--A%
*1A%21+-K0)%N-(01(5*3%.0*1516'C% #-.N*)5'-1'%B533%&0%.*A0%&0(B001%5(%*1A%(/0%-3A0)%-)%.-)0%
()*A5(5-1*3%1056/&-)/--A'%5(%5'%.0*1(%(-%)0+)0*(0C% M-)%0R*.N307%(/)-26/%*1%515(5*3%.*NN516%-,%,)-1(%
L*)A%+/*51%351S%,01+0'%51%*1%-3A0)%1056/&-)/--A7%(/0'0%,01+0'%B0)0%+-..-1%51%*)0*'%B/0)0%
)01(*3%N)-N0)(50'%B0)0%N)0K*301(C% $%N-''5&30%'5A0%*,,0+(%-,%(/5'%.*L%&0%(/*(%(/5'%*)0*%-,%(/0%
1056/&-)/--A%5'%+-1'5A0)0A%21+-.,-)(*&30C%F-B0K0)7%(/5'%(LN0%-,%,01+0%5'%1-(%N-''5&30%(-%
+-1'()2+(%51%(/0%K533*60%+-1+0N(%1056/&-)/--A%A20%(-%)0'()5+(5K0%+-K01*1('C% @/5'%N)-V0+(%0R*.510'%
(/0%'030+(5-1%-,%(/0%5(0.'%.*NN0A%G'2+/%*'%,3*6'%-1%J%(/% -,%Z23L%B00S01A%*1A%N-35(5+*3%'561*60%-1%
030+(5-1%A*LH%*'%B033%*'%(/0%N-(01(5*3%.0*1516'%A0)5K0A%*'%(/0'0%.*N'%*)0%-K0)3*5A%51%*1%
51(0)*+(5K0%M3*'/%'5(0%*1A%'/-B%/-B%*%1056/&-)/--A%.*L%&0%,-).0A%*1A%5('%5A01(5(L%N0)+05K0AC
G(<E$2.Q&!P(3503$+!!/.4.22.7!A)%%$9$!):!"(0!.28!C$5392+!!125<??)(0$8!H)<28.03)25%
M-21A*(5-1%0A2+*(5-1%5'%(/0%.-'(%A0.*1A516%30K03%-,%+-33060%(0*+/516C%%M5)'(%L0*)%'(2A01('%
'()26630%B5(/%*AV2'(516%(-%*%10B%35K516%'5(2*(5-17%)--..*(0'7%A0K03-N%N0)'-1*3%0(/5+'%)06*)A516%
B-)S7%.*1*60%0RN01'0'7%*1A%.-)0C%%!5.23(*10-2'3L7%,-21A*(5-1'%N)-,0''-)'%*)0%+/*330160A%(-%
51'(533%0''01(5*3%+-1+0N('7%A0K03-N%*1A%)0,510%'S533'7%*1A%3*L%(/0%6)-21AB-)S%,-)%'2++0''%51%(/05)%
.*V-)'%*1A%(/05)%+*)00)'C%
E1%*AA5(5-17%B0%*)0%,*+0A%B5(/%'(2A01('%B/-%)0Y20'(%K-+*&23*)L%35'('7%'(2AL%'/00('7%+-1(01(%
-2(3510'7%A5*6)*..0A%N)-V0+(%&)50,'7%B-)A%&*1S'%*1A%-(/0)%(0*+/0)=6010)*(0A%(--3'%(-%51'2)0%(/05)%
T'2++0''CU%%@/5'%+-.N35+*(0'%(/0%(*'S%*'%,*+23(L%*((0.N(%(-%&*3*1+0%&0(B001%N)-K5A516%*NN)-N)5*(0%
'2NN-)(%*1A%/03N516%V2'(=-2(=-,=/56/%'+/--3%'(2A01('%A0K03-N%51(-%51A0N01A01(7%N)-*+(5K0%30*)10)'C%
@/5'%5'%1-%N3*+0%,-)%(/0%,*51(%-,%/0*)(7%(/0%1-K5+0%A0'N0)*(0%,-)%)0'2.0%0RN0)501+07%-)%6)*A%
'(2A01('%&0(B001%(/05)%-B1%+3*''0'C%
D0K0)(/030''7%,-21A*(5-1'%A0N*)(.01('%*)0%-,(01%+-1'5A0)0A%30''%5.N-)(*1(%&0+*2'0%(/0%'(2A01(%
B-)S%5'%21A0K03-N0A%+-.N*)0A%(-%B/*(%+*1%&0%N)-A2+0A%*,(0)%(/)00%.-)0%L0*)'%-,%0A2+*(5-1C%
@/05)%B-)S%5'%1-(%'-35+5(0A%,-)%+-.N0(5(5-1'%*'%-,(01%*'%'(2A01('%B/-%/*K0%)0*+/0A%(/05)%.*V-)'7%
'-%*++-3*A0'%*)0%+-.N*)*(5K03L%'+*)+0C%%8/01%&2A60('%*)0%'0(7%&0516%N0)+05K0A%*'%(/0%&-((-.%-,%
(/0%3*AA0)%.*L%-&'+2)0%(/0%K*320%-,%,-21A*(5-1%N)-6)*.'C!
G<88&!C$235$!6+!!J<09$(5!1234$(530*+!!H()@!N)%*!A)24$(5.03)2!0)!N)%*!B$430.03)2R!'7$!
VJ35$W!):!6.(*!32!07$!J$2.355.2=$!"%0.(?3$=$%
$'%51(0)+0''-)%&0(B001%[-A%*1A%.*17%*%/2.*1%.-(/0)%N*5)0A%B5(/%*%A5K510%M*(/0)7%4*)L%5'%
Y251(0''01(5*33L%0*)(/&-21AC%%4*'*++5-%.*S0'%(/5'%1-(5-1%K5'5&30%51%/5'%@)515(L7%B/0)051%/0)%
,-)0'/-)(010A%,*+0%L503A'%(-%(/0%0*)(/3L%3*B'%-,%K5'5-1C%%E1%(/0%;f(/%+01(2)L7%4*)L%5'%N0)'-15,50A%&L%
/0)%)-30%*'%.-(/0)7%05(/0)%N)061*1(%G35(0)*33L%6)*K5AH%-)%B5(/%(/0%51,*1(%#/)5'(C%%@/0%(LN0%-,%(/0%
4*A-11*%-,%F2.535(L%6)-21A'%/0)7%*'%A-0'%(/0%.-(5,%-,%(/0%'*+)*%+-1K0)'*Q5-107%51%B/5+/%(/0%
()*NN516'%-,%*%+-2)(3L%'+010%*)0%()*1',-).0A%-13L%&L%(/0%N)0'01+0%-,%A5K510%N0)'-1*60'C%%"K01%*(%
/0)%A0*(/7%51%)0N)0'01(*(5-1'%-,%/0)%&-A53L%()*1'N-)(%(-%/0*K017%(/0%K5'2*3%A5K5A0%5'%+30*)3L%'0(%
&0(B001%#/)5'(\'%*'+01'5-1%*1A%/0)%*1603=*5A0A%*''2.N(5-1C%%4*)L\'%,356/(%5'%)*)03L7%5,%0K0)7%'03,=%
*+/50K0A%*1A%/0)%*NN0*)*1+0%51%(/0%'SL%5'%(LN5+*33L%+-1'()*510A%&L%1*))*(5K0%+-1(0R(c%%(/0%
$''2.N(5-17%#-)-1*(5-17%W*'(%Z2A6.01(7%-)%N-'(=.-)(0.%.5)*+30'C%@-B*)A'%(/0%01A%-,%(/0%;f(/%
+01(2)L7%/-B0K0)7%*%10B%(LN0%0K-3K0'7%51%B/5+/%(/0%4*A-11*%-,%(/0%'*+)*%+-1K0)'*Q5-10%.0)60'%
B5(/%(/*(%-,%*%.5)*+23-2'%K5'5-17%*1A%*+/50K0'%30K5(LC%%@/5'%N*N0)%'(2A50'%(/5'%'/5,(%51%5+-1-6)*N/L7%
+-1'5A0)516%5('%N)0K*301+0%51%(/0%B-)S'%-,%g0)2651-7%M)*%P*)(-3-..0-7%$1A)0*%A03%!*)(-%*1A%
^*N/*037%*'%B033%*'%(/05)%N)0+0A01('C!
G<(Q&!;:(.@+!!A<((*!A)%%$9$+!!'$D05!:()@!07$!><#%3=!C)@.32R!!'7$!F)Q$!>.3203295!):!
J3=7.(8!>(32=$%
@/0%$.0)5+*1%*)(5'(%^5+/*)A%g)51+0%5'%)0+-615Q0A%,-)%Y20'(5-1516%(/0%)-30%-,%*2(/-)'/5NC%%E1%;n<<%
/0%'(*)(0A%)0=N/-(-6)*N/516%*AK0)(5'516%5.*60'%,)-.%K*)5-2'%'-2)+0'7%GN)5.*)53L%.*6*Q510'H7%&2(%
+)-NN516%(/0.%*1A%035.51*(516%*++-.N*1L516%(0R(C% g0)/*N'%/0\'%&0'(%S1-B1%,-)%/5'%B-)S'%
)03*(0A%(-%*A'%-,%(/0%5+-15+%T4*)3&-)-%.*1CU%%$'%0*)3L%*'%;nrf%/0%(2)10A%(-%V-S0'%GB/5+/%/0%+*33'7%
T(0R('%,)-.%(/0%N2&35+%A-.*51UH7%/*1AB)5(516%*1A%+-2N3516%(/0.7%515(5*33L7%B5(/%A)*B516'C%%PL%;nr<%
/0%&06*1%'53S%'+)001516%-1%3*)60%+*1K*'0'%(/0%(0R('%-,%V-S0'%*3-16%B5(/%'00.5163L%21)03*(0A%
+*)(--1'%)0+L+30A%,)-.%N-N23*)%.*6*Q510'%*1A%10B'N*N0)'7%-,(01%N)51(0A%*'S0B7%-)%0K01%
N*)(5*33L%N*51(0A%-K0)%&L%(/0%*)(5'(C%%"K01(2*33L%g)51+0%*))5K0A%*(%3*)607%.-1-+/)-.*(5+%+*1K*'0'%
B5(/%*%'51630%G-)7%51%'-.0%+*'0'7%.23(5N30H%V-S0G'H%N)51(0A%2N-1%(/0.C%%W5S0%/5'%N/-(-6)*N/'7%/5'%
V-S0'%+-.0%,)-.%(/0%N2&35+%A-.*51%*1A%+-..01(%-1%'2+/%.*(0)5*3%*'c%%'0R7%)*+07%*1A%'-+5*3%
+3*''0'C%%@/5'%'0''5-1%N3*1'%(-%0R*.510%(/0%)03*(5-1'/5N%-,%*)(%*1A%/2.-)%51%g)51+0\'%V-S0
N*51(516'm(/5'%+-))03*(5-1%'00.'%(-%&0%*++01(2*(0A%51%g)51+0\'%+*'07%*'%/5'%N*51(516'%*)0%35(0)*33L%
V-S0'C!
G<(%$397&!>.<%.+!!A.5$!L$50$(2!J$5$(4$!1234$(530*+!!C35.??$.(329!G)83$5R!"#5$2=$!.28!
>($5$2=$!32!07$!L)(Q!):!H(.2=$5=.!L))[email protected]!.28!"2.!6$283$0.%
@/0%N)0.*(2)0%A0*(/'%-,%*)(5'('%M)*1+0'+*%8--A.*1%G;nfn=;nr;H%*1A%$1*%401A50(*%G;nJr=%
;nrfH%/*K0%5))0K-+*&3L%'/*N0A%(/0%B*L'%51%B/5+/%B0%N0)+05K0%(/05)%B-)S'C%%O0(%(/0%N)0+5'0%1*(2)0%
-,%A0*(/\'%'/*A-B%5'%A5,,5+23(%(-%*)(5+23*(0C%%_-%B0%1-B%(/01%)0*A%K5'2*3%.-(5,'%-,%A5'*NN0*)*1+0%51%
0*+/%*)(5'(\'%0R(*1(%B-)S'%*'%,-)0'/*A-B516%(/05)%23(5.*(0%01A'`%%_-%(/0%&-A50'%-,%(/0'0%L-216%
B-.017%B/5+/%,562)0%N)-.5101(3L%51(-%(/0%B-)S%-,%&-(/%*)(5'('7%&0+-.0%'5615,50)'%-,%.01(*3%53310''`%
!N0+5,5+*33L7%E%B533%A5'+2''%8--A.*1\'%'25+5A0%*1A%401A50(*\'%21(5.03L%A0*(/7%*'%B033%*'%(/0%
3*((0)\'%,-).*(5K0%0RN0)501+0'%-,%+23(2)*3%0R5307%*1A%/-B%(/0'0%0K01('%+*1%-)%'/-23A%,*+(-)%51(-%
+-1(0.N-)*)L%51(0)N)0(*(5-1'C%%@/0'0%5''20'%B533%&0%'()2+(2)0A%*)-21A%*%+-.N*)*(5K0%*1*3L'5'%-,%
401A50(*\'!:+.;&3*%G;n<I=;nr?H%'0)50'%*1A%8--A.*1\'!2$7&.%G;n<<=;n<rH%'0)50'C%%E1%0*+/%-,%
(/0'0%6)-2N'%-,%B-)S7%(/0%*)(5'(%N*)*A-R5+*33L%)0N)0'01('%/0)'03,%(/)-26/%/0)%-B1%*&'01+0c%
401A50(*\'%&-AL%5'%0K-S0A%-13L%&L%5('%0N/0.0)*3%-2(35107%*1A%8--A.*1\'%&32))516%-,%/0)%
N/-(-6)*N/5+%5.*60%()*1',-).'%/0)%N)0'01+0%51(-%'-.0(/516%5332'-)L7%&-)A0)516%-1%(/0%
-(/0)B-)3A3LC%%4L%A5'+2''5-1%B533%'5(2*(0%&-(/%*)(5'('\%B-)S%B5(/51%*%+)5(5+*3%,)*.0B-)S%(/*(%5'%1-(%
N)0A5+*(0A%2N-1%(/05)%&5-6)*N/50'7%&2(%51'(0*A%51(06)*(0'%(/0'0%,*+(-)'%51(-%&)-*A0)7%,0.515'(%
+-1+0)1'%(/*(%*3'-%*+(5K03L%'/*N0A%0*+/%*)(5'(\'%N)*+(5+0C!
A.@?#$%%&!G.(#.(.+!1234$(530*!):!U)(07!A.()%32.!.0!\($$25#)()+!!/<?$(.#<28.2=$R!
A)20$@?)(.(*!'3@$!.28!/?.=$!32!J$=$20!>.320329%
E1%*%)0+01(%N)0,*+0%(-%/0)%;n<f%0''*L7!2!H)#;7)3!S4!3)&!U'+/&!#%!Q)*3!H)+$=+$77%N-0(%WL1%F0V515*1%
B)5(0'%Ts5(%B*'%51%.23(5(2A0'm51%N30(/-)*7%'2),05(7%N3015(2A07%'2N0)*&21A*1+0m(/*(%E%B*'%
51(0)0'(0ACU%@/0%0''*L%(/*(%,-33-B'%5'%*%N)0''2)0%+*23A)-1%-,%B-)A'%*1A%5.*60'7%'2N)0.03L%
01V*.&0Am*'%5,%*33%(/0%.-.01('%-,%*%'()516%-,%A*L'%B0)0%2)60A%51(-%*%+-1+5'0%'N*+0C%%F0V515*1\'%
0RN0)5.01(*3%B)5(516%)0*+/0'%*+)-''%(/5)(L='-.0%L0*)'%(-%*%6)-2N%-,%+-1(0.N-)*)L%N*51(0)'%
1*K56*(516%(/0%/56/='N00A%A03260%-,%K5'2*3%51,-).*(5-1%+-1'(5(2(516%-2)%B-)3AC%%g*51(0)'%35S0%Z2350%
40/)0(2%*1A%4*)S%P)*A,-)A%51K01(%+-.N30R%'N*(5*3%)0*35(50'%)0K03516%51%*%&*)-Y20%)0=N)0'01(*(5-1%
-,%-2)%K0)L%N*)(5+23*)%(5.0%*1A%'N*+0C%%@/0%K*'(%T'N*+0U%-,%(/0%51(0)10(7%(/0%01A30''%)-B'%51%-2)%
'2N0).*)S0('7%(/0%&)0*S=10+S%N*+0%-,%(/0%.0A5*7%*1A%(/0%*&535(L%(-%&0%N32660A%51(-%'-21A%*1A%
5.*60%*(%*33%(5.0'%K5*%-2)%/56/=(0+/%N-)(*&30%A0K5+0'%/*1A'%(-A*L\'%N*51(0)'%*%,*'+51*(516%
+/*330160m/-B%A-0'%*%'51623*)%5.*60%51K01(5K03L%E4$["%-2)%B-)3A`%%4L%N*N0)%A03K0'%51(-%(/0%
'-32(5-1'%N0-N30%35S0%40/)0(27%P)*A,-)A%*1A%-(/0)'%+-.0%2N%B5(/7%N*)(5+23*)3L%,-+2'516%-1%
T'2N0)*&21A*1+0Um(/0%(01A01+L%(-%+-.N)0''%K*'(%*.-21('%-,%51,-).*(5-1%51(-%(/0%A5'+)00(%
&-21A*)50'%-,%N*51(516\'%,05'(L%)0+(*1630C!
A.(#($*&!"92$5+!!F.@$5!6.835)2!1234$(530*+!!"!J$5?)25$!0)!B3:$!C(.-329R!>$(032$20!)(!
>.55_%
$'%*%+23(2)07%B0%*)0%'()2+S%&L%(/0%N-B0)%-,%(/0%&-ALC%%:2)%+-110+(5-1%(-%.0*1516%5'%-,(01%
'L.&-35Q0A%&L%(/0%/2.*1%,-).C%%E1%*)(7%*%+030&)*(5-1%-,%(/0%&-AL%*'%*%'-2)+0%,-)%A00N0)%.0*1516%
+*1%&0%*%K5*&30%.0*1'%,-)%30*)1516C%%M562)0%A)*B516%+*1%&0%*%(--3%51%(/5'%'0*)+/C%%$(%*%215K0)'5(L7%
*)(%.*V-)'%30*)1%(/0%3*(0'(%A0,515(5-1%-,%b*)(bC%%_0N01A516%-1%(/0%)0'5A01(%,*+23(L7%(/0L%.*L%-)%.*L%
1-(%30*)1%(/0%()*A5(5-1%-,%,562)0%A)*B516C%%:10%-,%(/0%)-30'%-,%*)(%5'%(-%+-110+(7%(-%A)*B%(-60(/0)%(/0%
.-'(%51(01'0%51'56/('C%%@/0%+-1(5125(L%-,%*%()*A5(5-1%51%,562)0%A)*B516%65K0'%'(2A01('\%)0350,%,)-.%
+-1+0N(2*3%6*.0'%3-16%01-26/%(-%)0'N-1A%21(/51S5163L%B5(/%&*'5+%.*(0)5*3'C%%@/)-26/%b/*1A=%
.*A0b%+/-5+0'%B5(/%(/0%.-'(%N)5.5(5K0%(--37%+/*)+-*37%*%30''%+*3+23*(0A%)0'N-1'0%5'%N-''5&307
&*'0A%-1%/*1A%(-%0L0%+-=-)A51*(5-1%*1A%(/0%1-1=)*(5-1*3%,50)+010''%-,%0RN)0''5-1V%
F-B%+*1%,562)0%A)*B516%,21+(5-1%*'%&-(/%*%,-21A*(5-1%A5'+5N3510%*1A7%*(%*%.-)0%*AK*1+0A%30K037%*%
)030K*1(%01()L%51(-%+-1(0.N-)*)L%*)(`%%E%/*K0%A0'5610A%*''561.01('%(/*(%01*&30%'(2A01('%(-%
.*'(0)%(/0%()*A5(5-1*3%(--3'%-,%,562)0%A)*B516%*1A%+-1(5120%&0L-1A%(-%(/0%*+Y25'5(5-1%-,%'03,=%
S1-B30A60%2'516%(/0%/2.*1%,-).%*'%*%K0/5+30%-,%0RN)0''5-1C!
A.5538*&!A7(350)?7$(!6+!!1234$(530*!):!U)(07!A.()%32.!.0!\($$25#)()+!!'7$!123a<$!
>7$2)@$2)2!):!.!C350.2=$R!'$%$435<.%30*!.28!>$(=$?03)25!):!\$)9(.?73=.%!/?.=$%
P56%:N(5+'%5'%(/0-)5'(%g*23%95)535-\'%(0).%,-)%(/0%)0*3=(5.0%030+()-15+%()*1'.5''5-1%-,%51,-).*(5-1C%
W5S0%0*)350)%+)5(5+'%-,%)0N)-A2+(5K0%(0+/1-3-6L%35S0%P01V*.517%95)535-%0.N/*'5Q0'%(/0'0%10B%
(0+/1-3-650'\%+-))-'5K0%5.N*+(%-1%-2)%'01'0%-,%A5'(*1+0C% E1%.L%-B1%*)(B-)S7%E%/*K0%*((0.N(0A%(-%
2'0%51'(*33*(5-1'%*1A%K5A0-7%&-(/%35K0%*1A%)0+-)A0A7%(-%)0=N3*+0%(/0%K50B0)%*(%(/0%K5'2*3%+01(0)%-,%
60-6)*N/50'%(/*(%*)0%.-'(%-,(01%21A0)'(--A%*'%*&'()*+(5-1'%G(/0%&-)A0)'%-,%1*(5-1'7%(/0%+-2)'0%-,%
)5K0)%'L'(0.'7%0(+CH%%E1%(/5'%N)*+(5+0%E%/*K0%,-21A%N)0+2)'-)'%51%(/0%N*1-)*.*'%-,%(/0%3*(0%
056/(001(/%*1A%0*)3L%1510(001(/%+01(2)50'7%B/5+/%-,(01%A0N5+(0A%(/0%3*1A'+*N0%*)-21A%(/0%K0)L%
(-B1%51%B/5+/%(/0%N*1-)*.5+%N*51(516%B*'%(-%&0%0R/5&5(0AC% ^0N)0'01(*(5-1%-,,0)0A%K50B0)'%*%K5'(*%
(/*(%B*'%1-%3-160)%N-''5&30%,)-.%B5(/51%(/0%2)&*1%(*1630C%%@/5'%5.N23'0%(-%2'0%)0N)0'01(*(5-1%(-%
.*S0%60-6)*N/L%.-)0%*NN)0/01'5&30%*NN0*)'%'N-)*A5+*33L%51%(/0%/5'(-)L%-,%N/-(-6)*N/L%*1A%,53.7%
*1A%B*'%*%'2&V0+(%-,%0*)3L%&)-*A+*'('%-1%35K0%(030K5'5-1C% @-A*L7%(/0%51(0)10(7%B5(/%5('%0RN*1'5K0%
*1A%0K0)=6)-B516%&*((0)L%-,%B0&+*.'%+*N(2)516%35K0%,--(*60%,)-.%*)-21A%(/0%63-&07%*33-B'%,-)%
,2)(/0)%*((0.N('%(-%'(5(+/%(-60(/0)%*%K5'2*3%0RN0)501+0%(/*(%*+S1-B30A60'%*1A%,-)06)-21A'%(/0%
K*'(%60-6)*N/5+%A5'(*1+0'%.-'(%-,(01%/5AA01%&L%+-1(0.N-)*)L%(030+-..215+*(5-1'%(0+/1-3-6LC!
A7.48.&!F.98357!F+!!1234$(530*!):!A$20(.%!H%)(38.+!!S.(.7.!6.28.?.!bS.(.7.!A.4$!,,cR!
>.%%.4.!\(.230$!"(0!.0!6.@.%%.?<(.@&!,283.%
[)00S%60-6)*N/0)%g(-30.L%G>1A%+01(2)L%$C_CH%*332A0'%(-%4*.*33*N2)*.%*'%4*3*160C% E1%(/0%
'0K01(/%+01(2)L7%(/0%,*.-2'%#/510'0%()*K030)%F5201%@'*16%A0'+)5&0A%X*1+/5%GX*1+/5N2)*.H%*'%
(/0%N-)(%-,%(/0%g*33*K*%)230)'%51%!-2(/%E1A5*C% :&K5-2'3L%/0%B*'%51+-))0+(%51%(/*(%(/0%,*.-2'%
b9*)*1*'5%-,%(/0%!-2(/b%5'%*1%513*1A%+5(L%S1-B1%,-)%5('%F51A2!8*$/+'4%G(0.N30'H%*1A%B-)3A%,*.-2'%
'53S!4*'&&4%GN)51+5N*3%6*).01(G'H%-,%F51A2%B-.01HC% @'*16%.2'(%/*K0%.0*1(%(-%A0'+)5&0%(/0%N-)(%
+5(L%-,%4*.*33*N2)*.7%1-B%S1-B1%*'%4*/*&*35N2)*.C% 4-'(%-,%(/0!=*3+W7)*3+%G+*)K0A%-2(%-,%35K0%
)-+SH!8*$/+'4%*(%4*.*33*N2)*.%*1A%5('%5..0A5*(0%K5+515(L7%B0)0%N*()-15Q0A%&L%(/0%g*33*K*%)230)%
D*)'5./*K*).*1%E7%'2)1*.0A%4*.*33*%G+*C%jI?=jjrHC% F0%*3'-%&0'(-B0A%(/0%+5(L%*%(5(307%b#5(L%-,%
4*.*33*Cb!
A7$2.<%0&!B3285.*+! \$)(93.!/0.0$!1234$(530*+! '7$!;243()2@$20!):!07$!G)8*!.28!07$!N.28!
.5!.!A($.034$!'))%%
:10\'%*NN0*)*1+0%+*1%&0%2'0A%*'%*%B51A-B%51(-%(/0%*)(5'(5+%&0516C%@/0%0RN3-)*(5-1%-,%(/0%&-AL%*'%
*1%01K5)-1.01(%*1A%/-B%B0%0RN)0''%-2)'03K0'%(/)-26/%-2)%,562)0%*1A%(/0%+3-(/0'%B0%+-K0)%5(%B5(/%
51'N5)0'%.L%+2))01(%.0(/-A%-,%B-)S516C% @/0'0%B0*)*&30%A0'561'%01*&30%*33%,5K0%'01'0'%(-%51(0)*+(%
B5(/51%(/0%'N0+5,5+%'N*+0%-,%(/0%/2.*1%,-).C% E%B*1(%(- 2'0%(/0'0%A0'561'%(-%0RN3-)0%/-B%B/*(%B0%
B0*)%A0,510'%B/-%B0%*)0%*1A%/-B%B0%.*)S0(%-2)'03K0'%K5'2*33L%(-%-(/0)'C% E%&0350K0%(/*(%'(L30%*1A%
,*'/5-1%+*1%&0%*%,-).%-,%+-..215+*(5-17%*1A%+*1%+)0*(0%3*&03'%*1A%'(0)0-(LN0'%-1%6)-2N'%*1A%
51A5K5A2*3'C%E1%(/5'%'0)50'%(/0%&-AL%5'%1-(%-13L%)0'N-1'5&30%,-)%.*S516%(/0%B-)S%&2(%5'%*3'-%(/0%
&533&-*)A%-1%B/5+/%(/0%A0'561'%*)0%A5'N3*L0AC%
E1'N5)*(5-1%,-)%(/5'%B-)S%'N*1'%*%B5A0%K*)50(L%-,%'-2)+0'%&06511516%B5(/%(/0%/5'(-)5+*3%B-.01\'%
+)*,('%'2+/%*'%Y253(516%*1A%'0B516%*1A%.-K516%51(-%(/0%+-1(0.N-)*)L%B-)S%-,%*)(5'('aA0'5610)'%
'2+/%*'%$1A)0*%u5((03%*1A%Z011L%F-3Q0)C% @/5'%.0(/-A%5'%*((0.N(516%(-%&)5A60%(/0%6*N%&0(B001
A0'5610)%*1A%K50B0)%(/)-26/%(*+(530%51(0)*+(5-1C% 4L%N)0'01(*(5-1%B533%,-+2'%-1%/-B%(/0%2'0%-,%.L%
/*1A'%/*'%+)0*(0A%B0*)*&30%A0'561%*1A%*1%51(0)*+(5K0%&-A53L%0RN0)501+0C!
A7$2$*&!B3.2.!C$!\3()%.@3+! 1234$(530*!):!6.55.=7<5$005!B)-$%%+! S.5.(3M5!C)<#0329!):!
'7)@.5%
@/0%N2)N-'0%-,%(/5'%N*N0)%5'%(-%*1*3LQ0%4*110)5'(%+-1+0N(5-1'%-,%(/0%(/0.0%-,%(/0%_-2&(516%-,%
!*51(%@/-.*'%B5(/%N*)(5+23*)%0.N/*'5'%-1%[5-)65-%9*'*)5\'!S$('&/;.+35!#%!:*+$3!H)#8*4%-,%;fjn=%
<>%51%(/0%#*N033*%[25A*++5%-,%!*1(*%#)-+0%51%M3-)01+0C%E1%(/0%'5R(001(/%+01(2)L7%4*110)5'(%
N*51(0)'%+-1(5120%B5(/%(/0%^01*5''*1+0%()*A5(5-1%-,%A0N5+(516%(/0%(/0.0%-,%E1+)0A235(L%-,%!*51(%
@/-.*'7%&2(%(/0'0%4*110)5'(%+-.N-'5(5-1'%N3*+0%@/-.*'%51%+)-BA0A%'2))-21A516'%*1A%
03*&-)*(516%'0((516'7%*'%+*1%&0%'001%51%M)*1+0'+-%!*3K5*(5\'!S$('&/;.+35!#%!:*+$3!H)#8*4G%;fJf=Jr7%
*(%(/0%42'p0%A2%W-2K)0%*1A%51%9*'*)5\'%()0*(.01(%-,%(/0%'*.0%'2&V0+(C%
9*'*)5\'%N*51(516%51%!*1(*%#)-+0%B*'%N*)(%-,%(/0%3*)60)%+L+30%A0K5'0A%&L%(/0%*)(5'(%51%)0'N-1'0%(-%
#-'5.-%E%A0v%40A5+5\'%A0+5'5-1%(-%)0A0+-)*(0%(/0%51(0)5-)C%9*'*)5\'!8#/&..#%*1A%N*51(516%-,%(/0!
S$('&/;.+35%)0,30+(%51'N5)*(5-1%,)-.%/5'%,)501A7%!*3K5*(57%*1A%*3'-%,)-.%90))-++/5-v'%'+23N(2)0%*(%
:)'*1.5+/030C% 9*'*)5%N)0'01('%*%4*110)5'(%'(*60%'0((516%B5(/%#/)5'(%*1A%!(C%@/-.*'%51%(/0%
+01(0)C% @/0L%*)0%,)*.0A%&L%*%()52.N/*3%*)+/%A0+-)*(0A%B5(/%6*)3*1A'%*1A%4*)5*1%*(()5&2(0'7%'2+/%
*'%(/0%65)A30%*1A%)-'0'7%51%*1%51(0)5-)%3-665*C% @/0%*N-'(30'%*1A%(/05)%,-33-B0)'%*)0%N*)(5+5N*1('%51%
(/0%+-1K0)'5-1%-,%@/-.*'%*'%B033%*'%(/0%N*()-17%[25A*++57%B/-'0%N-)()*5(%5'%5A01(5,5*&30%*'%(/0%
'-30%,562)0%A)0''0A%51%+-1(0.N-)*)L%+3-(/516%*1A%3--S516%*(%(/0%K50B0)C!
A7(3503&!;883$+!!\$)(93.!/0.0$!1234$(530*+!!U$307$(!)2!07$!J3970!N.28!2)(!)2!07$!B$:0[!
KD:)(8&!G)8$%$3.2!B3#(.(*!6/+!G)8%+!def!gf(+!.28!,05!B30$(.(*!A)20$D0%
M-35-%Jn)%-,%:R,-)A%P-A305*1%W5&)*)L%4!%P-A305*1%f<n%G-(/0)B5'0%S1-B1%*'%(/0%W0-,)5+%45''*3H%5'%
-10%-,%(/0%+*1-15+*3%5.*60'%-,%$163-=!*R-1%'(2A50'C%%$%A0N5+(5-1%-,%g*+/-.52'7%(/0%"6LN(5*1%
.-1S%*1A%,-21A0)%-,%+01-&5(5+*3%.-1*'(5+5'.7%)0+05K516%,)-.%(/0%/*1A%-,%[-A%*%.10.-15+%K0)'0%
,-)%(/0%+*3+23*(5-1%-,%"*'(0)7%(/5'%5.*60%0*'53L%0K-S0'%21+-1()-K0)'5*3%&5&35+*3%*1A%(/0-3-65+*3%
+-1(0R('C%%E(%'5.53*)3L%0K-S0'%(/0%30601A*)L%()*1'.5''5-1%-,%(/5'%K0)'0%A0'+)5&0A%51%:3A%"1635'/%
)03565-2'%N)-'0C%%F-B0K0)7%-10%*'N0+(%-,%(/0%*)(5'(\'%51(0)N)0(*(5-1%-,%(/5'%30601A%A0.*1A'%
+-1'5A0)*(5-1%,)-.%*%30''%+-1K01(5-1*3%K*1(*60%N-51(C%%]135S0%'5.53*)%()*1'.5''5-1'%-,%A5K510%
.0''*60'%51%$163-=!*R-1%35(0)*(2)07%B/5+/%*)0%(LN5+*33L%A0N5+(0A%-1%(/0%.-A03%-,%0*)(/3L%
.0''*60=&0*)516%*1A%(/2'%/*1A0A%-K0)%51%A-+2.01('7%(/5'%6)*N/5+%K0)'5-1%-,%(/0%g*+/-.5*1%
30601A%'/-B'%(/0%TD-1*0%*N)535'U%K0)'0%T'/51516%,-)(/U%51%K*)5+-3-)0A%30((0)'%51'+)5&0A%-1%(/0%/*1A%
-,%[-A%5('03,C%%#-2N30A%B5(/%35(0)*)L%A0'+)5N(5-1'%-,%6-3A01%30((0)'%*'%(/0%.0A52.%-,%A5K510%
.0''*60'7%*1A%+-1'5A0)516%(/0%*.&5K*301(%5+-1-6)*N/L%-,%(/0%/*1A%51%(/0%.5AA30%*60'7%(/5'%
51'+)5&0A%/*1A%5'%*%+-.N30R%'0.5-(5+%60'(2)0%(/*(%V2R(*N-'0'%(/0%'L.&-35+%0+-1-.L%-,%'N5)5(2*3%
65,(=65K516%B5(/%(/0%3*&-)%-,%.*(0)5*3%B)5(516C!
A%$(=D&!G*()2+!!6.(57.%%!1234$(530*+!!H()@!>.932.0$8!6<%03?%$5!0)!K2$I):I.IP328!/=<%?0<(.%!
G))Q!K#^$=05R!'7$!"(0350M5!G))Q!.5!S$73=%$!:)(!,2a<3(*&!,8$2030*!.28!,8$)%)9*%
@/5'%N)0'01(*(5-1%B533%+-1'5A0)%(/0%0.0)601+0a0K-32(5-1%-,%(/0%*)(5'(\'%&--S%51%(/0%]15(0A%!(*(0'%
,)-.%(/0%&06511516%*1A%.5A%>?(/%#01(2)LC% $%A5'+2''5-1%-,%'5615,5+*1(%&--S=&*'0A%0RN)0''5-1'%
,)-.%'0K0)*3%A0+*A0'%'/-23A%'/0A%356/(%-1%'-.0%-,%(/0%-K0)*)+/516%*1A%-K0)3*NN516%+-1A5(5-1'%
GN'L+/5+7%N/53-'-N/5+*37%N-35(5+*37%0(+CH%(/*(%+-.N03%N0-N30%(-B*)A%&--S'%G*1A%&010*(/%(/0%
'2),*+0Hq%*1A%B533%+-1+32A0%B5(/%'-.0%Y20'(5-1'%*&-2(%B/L%(/0)0%/*'%&001%*%)0+2))516%N*((0)1%-,%
)0'2)601(%51(0)0'(%*1A%51K0'(.01(%51%&--S=&*'0A%(/0.0'%*1A%N)-+0''0'%,-)%'0K0)*3%A0+*A0'%*1A%
B/*(7%5,%*1L(/5167%(/5'%(033'%2'%*&-2(%(/0%+2))01(%N*)*A56.C
A)%#$(0&!A*2073.+!!1234$(530*!):!/)<07!A.()%32.+!!"55$55@$20!):!S35<.%!"(05!;8<=.03)2!
>()9(.@5!32!A)%%$9$5!.28!1234$(5303$5%
@0*+/0)%0A2+*(5-1%N)-6)*.'%51%(/0%K5'2*3%*)('%*)0%'2&V0+(%(-%*''0''.01(%&L%*%()5*60%-,%0R(0)1*3%
0K*32*(-)'7%!$#!7%D$!$_%*1A%D#$@"C% g)-6)*.'%51%$)(%"A2+*(5-1%*)0%*(%*%A5'*AK*1(*60%
B5(/-2(%*%!N0+5*3%g)-6)*.%$''0''.01(%g3*1%51%N3*+0%(/*(%5'%N)-K5A0A%&L%(/0%'2&V0+(%*)0*v'%
N)-,0''5-1*3%-)6*15Q*(5-1%G51%(/0%+*'0%-,%*)(%0A2+*(5-17%(/*(%B-23A%&0%D$"$HC%%$''0''.01(%
B5(/-2(%'(*1A*)A'%51%N3*+0%,)-.%D$"$%.*S0'%N)-6)*.'%51%$)(%"A2+*(5-1%K2310)*&30%(-%'/5,('%51%
+-1(01(%*1A%+-2)'0'%,)-.%&-(/%D#$@"%*1A%D$!$_%*''0''.01('C% @/0'0%'/5,('%-,(01%A0()*+(%
,)-.%(/0%(/-26/(,23%+-.&51*(5-1%-,%+-1(01(%*1A%+-2)'0'%&0350K0A%&L%,*+23(L%51%(/0%*)0*%(-%&0%
+)2+5*3%(-%(/0%A0K03-N.01(%-,%(0*+/0)'%-,%*)(C% @/5'%N)0'01(*(5-1%B533%A5'+2''%.23(5N30%N0)'N0+(5K0'%
-1%'-32(5-1'%(-%(/0%N)-&30.'%-,%0R(0)1*3%*''0''.01(C!
A)2=.22)2&!P$432+!!'7$!1234$(530*!):!"Q()2&!K73)+!!"(0!N350)(3=.%!6$83.!.28!6$83.!"(05R!
C$%34$(329!07$!\))85!32!07$!XY!50!IA$20<(*!"(0!N350)(*!A%.55())@%
$'%*1%21A0)6)*A2*(0%$)(%F5'(-)L%.*V-)%*1A%'(*,,%N/-(-6)*N/0)%(-%(/0%A0N*)(.01(%A0+*A0'%*6-7%E%
B*'%)0+)25(0A%&L%(/0%'+/--3\'%!35A0%W5&)*)5*1%(-%.*S0%+-1(*+(%'/00('%-,%0R*.%5.*60'%G,)-.%
'0K0)*3%+3*''0'H%(/*(%E%B*'%01+-2)*60A%(-%'033%(-%-(/0)%'(2A01('C%%%E(%'2)0%&0*(%(/0%e0)-R5167%
+2((5167%*1A%N*'(516%(/*(%B*'%(/0%'(*1A*)A%51%(/-'0%A*L'C%%4L%-B1%21A0)6)*A'7%-,%+-2)'07%/*K0%
+-.0%(-%0RN0+(%!N0+5*3%_035K0)L%-,%(/05)%'(2AL%.*(0)5*3'7%*1A%5(\'%0*'L%01-26/%(-%-&3560%(/0.C%
85(/%A565(*3%5.*60'%(/0%'(*1A*)A%1-B7%5(\'%*%'5.N30%.*((0)%-,%A)*66516%(/0%32+SL%0R*.%5.*60'%51(-%
*%,-3A0)%*1A%0R0+2(516%*%T&*(+/=N)-+0''U%+-..*1A%(-%N)-A2+0%*!/+7+3*.%+-1(*+(%'/00(w%%]N3-*A%(/0%
)0'23(516%g_M%(-%(/0%+3*''%80&#@%N*607%*1A%g^"!@:w7%,3*'/+*)A'%51%*%.*((0)%-,%.512(0'C%
E1%(/5'%N)0'01(*(5-1%E\33%A5'+2''%(/0%2'0%-,%A565(*3%A035K0)L%,-)%1-(%-13L%,3*'/+*)A'7%&2(%,-)%0R()*%
)0*A516'%2'0A%51%TV56'*B'7U%51=+3*''%)0*A516%N)-V0+('%51%B/5+/%0*+/%Y2*)(0)%-,%(/0%+3*''%)0*A'%*%
A5,,0)01(%*)(5+30%*&-2(%(/0%'*.0%B-)Sm*1A%,-)%.-K50%,530'%2'0A%,-)%'(2AL%-,%N0),-).*1+0%*1A%
K5A0-%B-)SmA035K0)0A%(/)-26/%K5A0-%N-A+*'('%GK-A+*'('H%51%5@210'xw!
A)22$(&!>.0(3=Q!L+!!L$50!S3(9323.!1234$(530*+!!L7)M5!B$28329!.!N.28!N$($[!!6.0=7$8!
/=(3?05!32!07$!B.0$!"29%)I/.D)2!/=(3?0)(3.+%
$%'5615,5+*1(%K5'2*3%N)-&30.%,-)%(/0%N*30-6)*N/0)%A0N01A'%-1%(/0%A5,,5+23(L%-,%*++-21(516%,-)%&*)03L%
N0)+0N(5&30%+/*160'%51%51A5K5A2*3%'+)5&0'\%/*1A'C%%!-.0(5.0'7%(/0'0%*)0%(/0%)0'23(%-,%B-)S516%B5(/%
*%10B%&*(+/%-,%51S7%-)%*%10B%G-)%10B3L%'/*)N010AH%N01C%%P2(%'-.0(5.0'7%(/0%5''20%5'%-10%-,%
'+)5&*3%()*51516%51%(/0%3*)60)%.-1*'(0)50'7%B/0)051%'0K0)*3%&-L'7%30*)1516%(/05)%+)*,(%21A0)%(/0%
'*.0%.*'(0)7%'()-K0%(-%.*(+/%(/0%/*1A'%(/0L%B)-(0%*'%+3-'03L%*'%N-''5&30C%%@/5'%N*N0)%B533%
*((0.N(%(-%*AA)0''%(/0%,-33-B516%Y20'(5-1'c%8/*(%*)0%(/0%'(*1A*)A'%)0Y25)0A%(-%5A01(5,L%(B-%/*1A'%
*'%T.*(+/0AU`%%8/01%5(%+*1%&0%A0(0).510A%(/*(%*%(0R(%0R/5&5('%.*(+/0A%/*1A'7%5'%5(%*3'-%N-''5&30%
(-%.*S0%,21A*.01(*3%*''2.N(5-1'%*&-2(%(/0%/-2'0%*1A%'+)5N(-)52.%51%B/5+/%(/0%(0R(%B*'%B)5((01`%
8/*(%*)0%(/0%5.N35+*(5-1'%51%(/0%2'0%-,%.*(+/0A%/*1A'%,-)%(/0%+-1(512*3%A0K03-N.01(%-,%'+)5N('%
*''-+5*(0A%B5(/%*%'2++0''5-1%-,%S516'%,)-.%y(/03'(*1%(-%(/0%#-1Y20'(`!
A)5?$(&!>.0(3=3.+!!1234$(530*!):!"%.#.@.!.0!G3(@3297.@+!!')!/7.($!)(!U)0!0)!/7.($R!
AKU';U'8@!.28!07$!A)%%$9$!B3#(.(*%
:2)%+-33060%35&)*)L%/*'%3-16%&001%B533516%(-%/03N%-2)%A0N*)(.01(%B5(/%'(-)*60%*1A%A5'()5&2(5-1%-,%
-2)%A565(*3%*''0('C%%!0K0)*3%L0*)'%*6-%(/0%+-33060%35&)*)L%/-'(0A%'-.0%A565(*3%5.*60'%,-)%*1%
0RN0)5.01(*3%A5'(*1+0%30*)1516%N)-V0+(%&0(B001%-2)%215K0)'5(L%*1A%-2)%'5'(0)%215K0)'5(LC%%80%*3'-%
N*)(10)0A%B5(/%(/0%35&)*)L%51%*+Y25)516%$^@'(-)C%%:2)%+-33060%35&)*)L%/*'%.*1L%.-)0%)0'-2)+0'%
&-(/%,51*1+5*3%*1A%/2.*1%(/*1%05(/0)%-2)%A0N*)(.01(%-)%-2)%'+/--3C%%80%/*K0%/*A%+*'2*3%
+-1K0)'*(5-1'%B5(/%(/0%35&)*)L%*&-2(%'-.0%(LN0%-,%+-33*&-)*(5-1%-K0)%(/0%L0*)'7%&2(%1-(%21(53%,*33%-,
>??j7%B/01%B0%30*)10A%(/*(%(/0%35&)*)L%B-23A%&0%2'516%#:D@"[email protected]%A5A%B0%'0)5-2'3L%&0651%
106-(5*(5-1'%B5(/%(/0%35&)*)L%A5)0+(-)C%%@/0%35&)*)L%A5)0+(-)%-,,0)0A%(-%/-'(%-2)%01(5)0%A*(*&*'0%*3-16%
B5(/%5.*60'%-1%(/0%35&)*)L%:g$#%(/*(%'00.' (-%/*K0%2135.5(0A%'(-)*60%'N*+0C%%80%*)0%.-K516%
,-)B*)A%B5(/%(/0%N3*1'%(-%2'0%#:D@"[email protected]%/-'(0A%&L%(/0%35&)*)L%*'%*%B*L%,-)%-2)%,*+23(L%*1A%
'(2A01('%(-%*++0''%-2)%A565(*3%)0'-2)+0'C%%E1%4*)+/7%'-.0%-,%(/0%.*(0)5*3%B*'%3-*A0A%51(-%
#:D@"D@A.%*1A%5(%5'%1-B%*++0''5&30%-1%*%()5*3%&*'5'C%%$'%B0%.-K0%,-)B*)A%B0%B533%1-%A-2&(%
0RN0)501+0%&-(/%(/0%&010,5('%*1A%+/*330160'%(/*(%+-.0%B5(/%(/5'%+-33*&-)*(5-1C!
A(.39&!J)#$(0!6+!!\$)(93.!,25030<0$!):!'$=72)%)9*+! '7$!hL)(%8!,@.9$M!\.(8$2R!!G388<%?7!
\(.29$!i!07$!S3=0)(3.2!\%)#.%!S3$-%
@/0%95+(-)5*1%[*)A01%*(%P5AA23N/%[)*1607%!(*,,-)A'/5)07%5'%*%)0.*)S*&30%;n%(/% +C%0R0.N3*)%-,%(/0%
TB-)3A%5.*60U%6*)A01%51%B/5+/%N3*1('7%+-330+(0A%,)-.%(/)-26/-2(%(/0%B-)3A7%*'%B033%*'%*1%0+30+(5+%
*''-)(.01(%-,%&253A516'7%'+010'7%*1A%6*)A01%)065-1'7%+-.N)5'0%*1%51(0)1*(5-1*3%01'0.&30%B/5+/%
/*'%&001%+*330A%*1%T21=95+(-)5*1%95+(-)5*1%6*)A01CU%%@/5'%N*N0)%N)0'01('%P5AA23N/%[)*160%*'%*%
)0,30+(5-1%-,%*%95+(-)5*1%3-K0%-,%+-330+(5167%-,%()*K037%*1A%-,%'+501(5,5+%51Y25)Lq%.-)0-K0)7%(/0%6*)A01%
5'%*1%0.&-A5.01(%-,%B5A0'N)0*A%;n%(/% +01(2)L%/5'(-)5+*3%0+30+(5+5'.C%%@/0'0%51(0)0'('%B0)0%
0K5A01+0A%51%(/0%A0'561%-,%6*)A01%*)0*'%A0A5+*(0A%(-%#/51*7%"6LN(7%*1A%E(*3L7%51%(/0%*.*''516%-,%
0R-(5+%N3*1('7%*1A%51%(/0%+)0*(5-1%-,%*NN)-N)5*(0%'0((516'%,-)%(/0'0%N*)(5+23*) ,-)0561%N3*1('C%
P)5(5'/%3*1A'+*N0%*1A%6*)A01%/5'(-)L%/*'%.-)0%B5A03L%()0*(0A%%(/0%-N017%T1*(2)*37U%*1A%51,-).*3%
3*1A'+*N0'%-,%(/0%;r%(/% +01(2)L%*'%B033%*'%(/0%3*(0)%;n%(/% *1A%0*)3L%>?%(/% +01(2)L%()*A5(5-1'%-,%85335*.%
^-&51'-1%*1A%[0)()2A0%Z0SL33C%%P5AA23N/%[)*160%&253A'%-1%0*)350)%;r(/%+01(2)L%()*A5(5-1'%-,%
A5'+-K0)0A%'+010'%*A-)10A%&L%*)+/5(0+(2)0%*1A%D*(2)0C%%4-)0-K0)7%&L%+-.N-'516%6*)A01%
'0+(5-1'%-,%*%N*)(5+23*)%+/*)*+(0)%51(-%*1%516015-2'%+-.N-'5(5-1%-,%351S0A7%&2(%A5'(51+(7%6*)A01%
'0((516'7%P5AA23N/%'0('%(/0%'(*60%,-)%'2+/%>?%(/% +01(2)L%6*)A01'%*'%F5A+-(0%*1A%!5''516/2)'(C!
A()[email protected]&!B35.+!!'<%.2$!1234$(530*+!!G$.8329!N$(!K-2!,8$2030*R!6$.23295!):!6.5Q329!.5!
,283.2!O<$$2%
@/0%4*)A5%[)*'%TE1A5*1'U%*)0%,*.-2'%51%D0B%:)30*1'%,-)%(/05)%'N0+(*+23*)%g3*51'%E1A5*1='(L30A%
'25('7%'0B1%&L%0*+/%N*)(5+5N*1(C%%8/530%(/0%TE1A5*1U%6*16'%*)0%N)0A-.51*1(3L%+-.N)5'0A%-,%.017%
0*+/%/*'%*(%30*'(%-10%,0.*30%N*)(5+5N*1(%B/-%.*'S'%*'%Y2001C%%$3(/-26/%(/0%Y2001'%N3*L%N*)*3303%
-)%'0+-1A*)L%)-30'7%B/5+/%*)0%.-)0%'2&(3L%01*+(0A%(/)-26/%(/05)%*+(5-1'7%+-'(2.0'7%*1A%'N*(5*3%
)03*(5-1'/5N%(-%(/0%+/50,'7%(/05)%(5(30%'(533%*,,-)A'%(/0.%.2+/%+-..215(L%)0'N0+(%*1A%-,(01%'/*N0'%
(/05)%A0,515(5-1%-,%'03,C%
@/0%6*16'\%-K0)(%.*'+23510%1*(2)0%*1A%(/0%*0'(/0(5+%'5.53*)5(50'%-,%(/0%Y2001'\%'25('%(-%(/-'0%-,%
(/05)%+/50,'%/*K0%.*A0%,0.*30%TE1A5*1'U%10*)3L%51K5'5&30%(-%T-2('5A0)'CU%%@/)-26/%51(0)K50B'%*1A%
-&'0)K*(5-17%(/5'%N)0'01(*(5-1%0R*.510'%B/*(%5(%.0*1'%,-)%+-1(0.N-)*)L%B-.01%(-%.*'S%*'%
Y2001C%%E1%*'S516%(/5'%Y20'(5-17%*.&562-2'%*1A%'2&V0+(5K0%'2&=Y20'(5-1'%)03*(0A%(-%5A01(5(L7%
601A0)7%)*+5*3%N-35(5+'7%*1A%)5(2*35Q0A%N0),-).*1+0%*)0%21K0530AC%E1%N*)(7%E%&0350K0%(/0%*1'B0)'%(-%
(/0'0%Y20)50'%)0'5A0%51%(/0%Y2001'\%'25('7%(/)-26/%B/5+/%B-.01%*)(5+23*(0%(/05)%N0)'-1*3%
*''-+5*(5-1'%B5(/%.*'S516C%%8/530%,0.515'(%N0),-).*1+0%(/0-)L%,)*.0'%.L%*1*3L'5'7%*%+-1+0)(0A%
0,,-)(%5'%.*A0%(-%)0(*51%(/0%Y2001'\%-B1%K-5+0'C!
A<((.2&!>.<%.!F+!!,)-.!/0.0$!1234$(530*+!!VA)@$!G.=Q!-307!07$!A%)07$5?325WR!U$9)03.0329!
S$(#.%!A)@@<23=.03)2!-307!B3@30$8!B.29<.9$!"#3%30*%
@/0%(5(30%5'%,)-.%*%'(*(0.01(%.L%'5'(0)%m%*1A%*%3*162*60%51'()2+(-)m'*5A%(-%.0%*,(0)%'N01A516%
(B01(L%.512(0'%(0*+/516%.0%/-B%(-%*'S%(/0%+30)S%*(%(/0%/-(03%B/0)0%B0%B0)0%'(*L5167%,-)%
+3-(/0'N51'C%%80%B0)0%51%E(*3L%*1A%E\A%V2'(%'N01(%-10%.-1(/%51%*1%51(01'5K0%3*162*60%+3*''%
*((0.N(516%(-%30*)1%E(*35*17%B5(/%K0)L%35.5(0A%'2++0''C%%8/01%.L%'5'(0)%*))5K0A7%'/0%'0(%.0%-1%(/0
N*(/%(-%.-)0%'2++0'',23%3*162*60%*+Y25'5(5-1C%%^*(/0)%(/*1%,-+2'516%-1%6)*..*)%*1A%N0),0+(%
N)-121+5*(5-17%/0)%*NN)-*+/%B*'%,*)%.-)0%N)*+(5+*3%m%*1A%'2++0'',23C%%TF-B%B533%E%S1-B%5,%E\.%
'*L516%5(%+-))0+(3L`%8-1\(%L-2%+-.0%B5(/%.07%51%+*'0%E%100A%/03N`U%E%*'S0A%.L%'5'(0)C%%TD-C%O-2\33%
&0%,5107U%'/0%'*5A7%TO-2\33%S1-B%L-2\)0%'2++0'',23%5,%L-2%+-.0%&*+S%B5(/%(/0%+3-(/0'N51'CU%
@0*+/516%(/0%K-+*&23*)L%-,%(/0%A0'561%N)51+5N30'%(-%,5)'(=L0*)%6)*N/5+%A0'561%'(2A01('%+/*330160'%
(/0.%(-%N)-+0''%K0)&*3%51,-).*(5-1%*1A%*NN3L%5(%51(-%*%K5'2*3%,-).C%%E%B533%*((0.N(%(-%*1'B0)%(/0%
,-33-B516%Y20'(5-1%51%.L%N)0'01(*(5-1c%/-B%+*1%B0%/03N%'(2A01('%(-%51(0330+(2*33L%+-.N)0/01A%(/0%
A0'561%N)51+5N30'%*1A%(/01%+)0*(0%,-).%(/*(%A0.-1'()*(0'%(/05)%21A0)'(*1A516`!
A()<07$(&!G$00*!F!" 1234$(530*!):!63553553??3!" "%.32!B)=Q$&!"(0!'7$)(350!.28!>73%)5)?7$(!):!
.!>$)?%$!.28!"9$%
$3*51%W-+S07%N/53-'-N/L%N)-,0''-)%*(%F-B*)A%]15K0)'5(L7%*2(/-)%-,!I&7'#!2'3!6*43!*$/!6'&4&$3%
G;nIjH%*1A!H)&!I&>!I&7'#%G;n>fH7%'/*N0A%(/0%(/0-)0(5+*3%N0)'N0+(5K0'%-,%>?%(/% +01(2)L%&3*+S%
N)-,0''5-1*3%*)(5'('C% F0%+*330A%2N-1%(/0.%(-%A0K03-N%*%TD06)-%*)(U%(/*(%B-23A%T6)-B%)--('%51%5('%
-B1%'-537U%*1A%(/0%&3*+S%+-..215(L%(-%'2NN-)(%(/0'0%*)(5'('%&L%'(2AL5167%+5)+23*(5167%*1A%
+-..5''5-1516%(/05)%*)(%(/)-26/%&3*+S%+/2)+/0'7%'+/--3'7%*1A%-)6*15Q*(5-1'C% F0%'2NN-)(0A%(/0%
,-21A*(5-1%-,%+01(0)'%'2+/%*'%#/5+*6-\'%!-2(/%!5A0%#-..215(L%$)(%#01(0)%B/0)0%N)*+(5+516%
&3*+S%*)(5'('%+-23A%51(0)*+(%B5(/%(/05)%N2&35+7%*1A%A0.-+)*(5Q0%*)(%,-)%(/0%&3*+S%.*''0'C% F0%
01+-2)*60A%*)(5'('%35S0%#/*)30'%8/5(07%*%N)-A2+(%-,%(/0%!-2(/%!5A0%#-..215(L%$)(%#01(0)7%(-%
N*51(%.2)*3'%0A5,L516%&3*+S%+23(2)0%51%51'(5(2(5-1'%*(()*+(5K0%(-%&3*+S%6)-2N'C%
W-+S0\'%51,3201+0%B*'%1-(%(-(*3C% F5'%+-330*620%*(%F-B*)A7%Z*.0'%g-)(0)7%-NN-'0A%/5'%0.N/*'5'%
-1%)*+0%*1A%&3*+S%'2&V0+(%.*((0)7%*1A%A5'+-21(0A%(/0%D0B%D06)-%4-K0.01(%*'%10BC% E1'(0*A7%/0%
K50B0A%5(%*'%*%+23.51*(5-1%-,%'03,=0RN)0''5-1%*3)0*AL%0K5A01(%51%&3*+S%*)(%-,%;n;?=>?C% g-)(0)%
0R0)(0A%/5'%-B1%51,3201+0%(/)-26/%/5'%&--S7!<#/&'$!I&7'#!2'3%G;nJIHC!
A<((.2&!G(3.2!"+!!'7$!>$225*%4.23.!/0.0$!1234$(530*+!!'7$!B3)25!32!07$!>3.EE.R!"!'.%$!):!
'-)!/0.0<$5%
!-.0(5.0%&0,-)0%(/0%01A%-,%(/0%;>(/%+01(2)L7%*%N*5)%-,%6)0L%6)*15(0%"6LN(5*1%35-1'%B5(/%&*'0'%
51'+)5&0A%51%/50)-63LN/'%,-)%(/0%I?(/%_L1*'(L%N/*)*-/%D0+(*10&-%E%GIr?=Ij>%PC#C"CH%B0)0%
51'(*330A%*3-16%B5(/%*%3*)60%N-)N/L)L%&*'51%*1A%'-.0%-(/0)%*1(5Y20%N50+0'%51%,)-1(%-,%(/0%
g*1(/0-1%51%(/0%g5*QQ*%A033*%^-(21A*%51%^-.0C% E1%(/5'%3-+*(5-1%(/0L%0.0)60A7%A2)516%(/0%45AA30%
$60'7%*.-16%(/0%.-'(%*A.5)0A%*1+501(%'+23N(2)0'%51%(/0%+5(LC%%W5S0%(/0%-&035'S'%*1A%-(/0)%
"6LN(5*1%.-12.01('%A5'+-K0)0A%51%(/0%'*.0%6010)*3%K5+515(L7%5(%5'%35S03L%(/*(%(/0%35-1'%B0)0%
-)5651*33L%&)-26/(%(-%^-.0%*'%-)1*.01('%,-)%(/0%6)0*(%@0.N30%-,%E'5'%#*.N01'5'C% E1%*&-2(%;>??7%
(/0L%B0)0%'51630A%-2(%,-)%.01(5-1%&L%(/0%*1(5Y25(50'=.51A0A%"1635'/%()*K030)%4*65'(0)%[)06-)52'7%
*1A%A2)516%(/0%10R(%+01(2)L7%(/0L%N)-K5A0A%(/0%.-A03%,-)%*%'0)50'%-,%30-1510%'+23N(2)0'%N)-A2+0A%
&L%(/0%b#-'.*(0'Y20b%'+23N(-)'%51%^-.0%*1A%5('%K5+515(LC% _2)516%(/0%;f(/%*1A%;j(/%+01(2)50'7%(/0%
35-1'%B0)0%)0+-615Q0A%*'%"6LN(5*1%5.N-)('%(/*1S'%(-%(/0%)010B0A%/2.*15'(%51(0)0'(%51%
/50)-63LN/'C%@/0%35-1'%B0)0%)0'(-)0A%51%(/05)%-)5651*3%3-+*(5-1%&L%g-N0'%"260152'%E9%G+C;JJfH%*1A%
W0-%e%G+C%;f;fH7%*1A%B0)0%)0.-K0A%&L%-)A0)%-,%g-N0%!5R(2'%9%51%(/0%;fr?'%*1A%51'(*330A%*'%
B*(0)'N-2('%-1%/5'%10B%,-21(*51%-1%(/0%z25)51*3%/533C%M51*33L7%51%;rIf7%B0)0%)0.-K0A%*6*51%(-%(/0%
10B3L%,-21A0A%"6LN(5*1%6*330)50'%51%(/0%9*(5+*1%42'02.'7%B/0)0%(/0L%+*1%&0%'001%(-A*LC% E1%(/5'%
N*N0)7%E%B533%+-1'5A0)%(/0%K*)5-2'%51(0)N)0(*(5-1'%*1A%()*1',-).*(5-1'%(/0%35-1'%0RN0)501+0A%-1%
(/05)%V-2)10L%,)-.%'*+)0A%-)1*.01(%(-%.*)K03'%-,%*1(5Y25(L%*1A%'L.&-3'%-,%51/0)5(0A%N-B0)7%(-%
(/05)%,51*3%A0.-(5-1%(-%b.0)0%*1(5Y25(Lb%'(*(2'%51%(/0%N-'(=01356/(01.01(%0)*C% E(%B533%&0%(/0%'(-)L%-,%
(B-%'(*(20'%*1A%(/05)%V-2)10L%(/)-26/%(5.0%*1A%+23(2)*3%'N*+0C
A<0%$(&!F)8*!G+!!1234$(530*!):!A$20(.%!H%)(38.+!!U.(=355<5&!U.(=)535&!.28!U$<()535R!!T.*)3!
P<5.@.`5!S353)2!.28!07$!U.0<($!):!"(0%
O*L-5%X2'*.*%G&C%;n>nH%5'%*.-16%(/0%.-'(%K5'5&30%*1A%*++3*5.0A%B-.01%*)(5'('%-,%(/0%>?(/%
+01(2)LC%%F0)%35,0=3-16%.01(*3%53310''%G'03,=A0'+)5&0A%*'%b-&'0''5-1*3%102)-'5'bH%/*'%+-1()5&2(0A%
.2+/%(-%/0)%)01-B1q%*3(/-26/%(/0%21)0301(516%+-1'+5-2'%B533%-,%(/0%*)(5'(7%-&K5-2'%51%(/0%
+-.N30R5(L%-,%/0)%N/L'5+*3%N)-A2+(5-1'%*3-16%B5(/%/0)%*+2(0%.*15N23*(5-1%-,%*%N2&35+%N0)'-1*%51%
(/0%.53502%-,%(/0%N-'(=B*)%*K*1(=6*)A07%*)0%*3'-%51(06)*3%(-%&-(/%(/0%1*(2)0%*1A%)0+0N(5-1%-,%/0)%
*)(C%%M-)%-K0)%,-2)%A0+*A0'7%X2'*.*v'%N*51(516'7%'+23N(2)*3%-&V0+('%*1A%01K5)-1.01('%/*K0%&001%
+/*)*+(0)5Q0A%&L%10('7%A-('7%*1A%'-,(%N/*335m*NN)-R5.*(5-1'%-,%b)0*3b%/*332+51*(5-1'%G*++-)A516%(-%
(/0%*)(5'(HC%%E1%K*)5-2'%51+*)1*(5-1'7%(/0'0%,-).'%0RN)0''%*%A)5K0%(-B*)A'%'03,=-&35(0)*(5-1%*1A%*%
N/-&5*%-,%'0R2*3%N010()*(5-1%)03*(0A%(-%/0)%53310''7%B/5+/%(/0%)0'23(*1(%*)(5'(5+%-2(N2(%*AA)0''0'%51%
*%(/0)*N02(5+%'01'0C%%$(%(/0%'*.0%(5.07%(/0%-02K)0%)0.*51'%+-1+0)10A%,21A*.01(*33L%B5(/%K5'2*3%
5.N*+(7%-N(5+*3%*1A%N/01-.01-3-65+*3C%
@/5'%N*N0)%3-+*(0'%(/0%B5A0%*NN0*3%*1A%.0''*60%-,%X2'*.*v'%*)(%51%5('%+3-'0%.5))-)516%
G'-.0(5.0'%35(0)*33LH%-,%(/0%*)(%5.N23'0%5('03,7%B/5+/%+*1%&0%'2..*)5Q0A%*'%*1%*.*36*.%-,%.L(/'7%
.0(*N/-)'%*1A%&0/*K5-)'%*''-+5*(0A%B5(/%1*)+5''5'.%G(/0%Eq%'56/(H7%1*)+-'5'%G12.&10''q%
51(-R5+*(5-1H7%*1A%102)-'5'%G,-+2'%-1%3*+S%*1A%A0'5)0HC!
C.%%)-&!F$553=.+!!1234$(530*!):!"%.#.@.!.0!G3(@3297.@+!!H$@32350!"%%$9)(3$5R!C$#)(.7!
G<00$(:3$%8`5!N)(5$5%
M)-.%*1+501(%+*K0%A)*B516'%(-%[0-)60%!(2&&'\'%&-&(*530A%)*+0/-)'0'%*1A%^-'*%P-1/02)\'!H)&!
1#'4&!@*+'G%(/0%/-)'0%/*'%)0.*510A%K5(*3%(-%(/0%/5'(-)L%-,%*)(C% @/5'%N*N0)%+01(0)'%-1%(/0%
+-1(0.N-)*)L%'+23N(2)0'%-,%_0&-)*/%P2((0),503A7%()*A5(5-1*33L%21A0)'(--A%*'%&-(/%&0*2(5,23%,-).*3%
-&V0+('%*1A%)0*35Q*(5-1'%-,%-16-516%A5*3-620'%&0(B001%(/0%*)(5'(%*1A%/0)%*15.*3'C%O0(%P2((0),503A%
/*'%*3'-%+3*5.0A%(/*(%(/0L%515(5*33L%&06*1%*'%'03,=N-)()*5('%m%0RN3-)516%*%N0)'-1*3%5A01(5(L%-10%'(0N%
)0.-K0A%,)-.%(/0%'03,C% E%B533%0R*.510%(/0%0*)3L%/-)'0'7%.*A0%,)-.%0N/0.0)*3%.*(0)5*3'%'2+/%*'%
.2A7%'(5+S'7%*1A%N3*'(0)7%*'%,0.515'(%'03,=N-)()*5('C% _)*B516%-1%'+/-3*)'/5N%,)-.%_-11*%F*)*B*L7%
Z*+Y20'%_0))5A*7%*1A%!(0K0%P*S0)7%E%*)620%(B-%N-51('C% M5)'(7%(/*(%P2((0),503A\'%B-)S%5'%'5615,5+*1(%
*'%*1(5A-(0%(-%+-1(0.N-)*)L%*)(5'(5+%N)0-++2N*(5-1'%B5(/%+L&-)6'%*1A%'+5=,5%5.*651516'%-,%/2.*1=%
*15.*3%/L&)5A'C% PL%+*'(516%/0)%*15.*3'%*'%&-(/%35S0%*1A%A5,,0)01(%,)-.%/2.*1'7%P2((0),503A%51'5'('%
-1%*1%5.N-)(*1(%0.N*(/0(5+%-)%+-.N*''5-1*(0%21A0)'(*1A516%-,%(/0.C% !0+-1A7%(/*(7%51%(/0%B*S0%
-,%(/0%P)--S3L1%42'02.\'%10B%#01(0)%,-)%M0.515'(%$)(%*1A%(/0%M0.515'(%$)(%g)-V0+(7%P2((0),503A\'%
B-)S%.*L%-N01%2N%*%A5,,0)01(%306*+L%,-)%,0.515'.%l%1-(%V2'(%*'%,-21A*(5-1%,-)%(/0-)50'%-,%
N-'(.-A0)15'.%*1A%5A01(5(L%N-35(5+'%&2(%*3'-%,-)%(/0%A0K03-N516%*)0*%-,%*15.*3%'(2A50'C!
C$=Q$(&!F)72!J+! \$)(93.!/0.0$!1234$(530*+! '$=72)%)9*!32!07$!"(0!"??($=3.03)2!A%.55())@R!
>%.9<$!)(!>.2.=$.[%
E1+)0*'5163L7%51'()2+(-)'%*)0%,*+0A%B5(/%*%+-121A)2.C% F-B%A-%B0%51+-)N-)*(0%(0+/1-3-6L%51(-%-2)%
+-2)'0'%B5(/-2(%(/0%+3*'')--.%A0K-3K516%51(-%*%,)00=,-)=*33`% :1%(/0%-10%/*1A7%(0+/1-3-6L%/*'%
&0+-.0%51A5'N01'*&30%*1A%-2)%'(2A01('%100A%(-%&0%(0+/15+*33L%N)-,5+501(%B/01%(/0L%30*K0%(/0%
*+*A0.LC% :1%(/0%-(/0)%/*1A7%,-)%*33%5('%6--A7%(0+/1-3-6L%*3'-%&)516'%B5(/%5(%*%'0(%-,%N)-&30.'C% $%
'(2A01(\'%*&535(L%(-%{'2),\%,-)%51,-).*(5-1%A2)516%30+(2)07%,-)%0R*.N307%,*+535(*(0'%51'56/('%*1A%
+-110+(5-1'%(/*(%.56/(%1-(%&0%N-''5&30%B5(/-2(%*%35K0%351S%(-%(/0%B0&C% E(%*3'-%)*5'0'%(/0%N-''5&535(L7%
/-B0K0)7%(/*(%'(2A01('%B533%B*1A0)%,*)%,)-.%(/0%'2&V0+(%21A0)%+-1'5A0)*(5-1%*1A%B533%.01(*33L%
{+/0+S%-2(\%(-%(/0%A0()5.01(%-,%(/05)%0A2+*(5-1'C% @/5'%5'%()20%,-)%*1L%+3*'')--.%51%(/0%.-A0)1%
*+*A0.L7%&2(%(/0%+-'('%*1A%&010,5('%-,%51(06)*(516%(0+/1-3-6L%/*K0%(/05)%-B1%215Y20%
+-1'0Y201+0'%,-)%$)(%$NN)0+5*(5-1%*1A%$)(%F5'(-)L%+-2)'0'C% @/5'%N*N0)%+-1'5A0)'%'-.0%-,%(/0%
*AK*1(*60'%*1A%'(2.&3516%&3-+S'%-,%&)516516%(0+/1-3-6L%51(-%$)(%$NN)0+5*(5-1%*1A%$)(%F5'(-)L%
+3*'')--.'%*1A%-,,0)'%'()*(0650'%,-)%/*1A3516%B/*(%5'%'B5,(3L%&0+-.516%510K5(*&30C% 4L
-&'0)K*(5-1'%*)0%105(/0)%A0,515(5K0%1-)%0R/*2'(5K0%&2(7%51'(0*A7%*)0%.0*1(%(-%'(5.23*(0%,2)(/0)%
A5'+-2)'0%51%(/5'%6)-B516%*)0*%-,%215K0)'5(L=30K03%N0A*6-6LC!
C$=Q$(&!F<3%$$+!!\$)(9$0)-2!A)%%$9$+!!A($.03430*&!07$!S35<.%!"(05&!.28!;@32$2=$%
!56.21A%M)02A%N5-100)0A%(/0%N'L+/-*1*3L(5+%0RN3-)*(5-1%-,%(/0%K5'2*3%*)('%B5(/%/5'%0*)3L%0''*L'%
-1%^01*5''*1+0%.*'(0)'%W0-1*)A-%A*%951+5%*1A%45+/03*1603-C%%8/530%A5,,0)01(%51%'+-N07%0*+/%
N2&35+*(5-1%-,,0)0A%*%,)0'/%N0)'N0+(5K0%-1%B033='(2A50A%*)(5'('C%%E1%(/0%+01(2)L%'51+0%M)02A\'%
N2&35+*(5-17%(/0%+-..5163516%-,%*)(%*1A%N'L+/-3-6L%/*'%,2)(/0)0A%(/0%'(2AL%-,%&-(/%,503A'7%
N*)(5+23*)3L%*'%)03*(0A%(-%(/0%+-110+(5-1'%&0(B001%0.-(5-1*3%B033=&0516%*1A%*)(5'(5+%
*++-.N35'/.01(C%
@/5'%N*N0)%(*S0'%5('%+20'%,)-.%(/0%,-21A*(5-1'%3*5A%&L%M)02A%*1A%(/0%B-)S%-,%6010)*(5-1'%-,%
'+/-3*)'%51%'0K0)*3%A5'+5N3510'%*'%*%.0*1'%-,%0RN3-)516%(/0%351S%&0(B001%.01(*3%53310''%*1A%
0R+0N(5-1*3%+)0*(5K0%*+/50K0.01(7%B/5+/%5'%-,(01%+/*)*+(0)5Q0A%*'%T60152'U%-)%T.*A10''CU%%X0L%
*.-16%(/0'0%)0'-2)+0'%5'%(/0%+)0*(5K0%*+/50K0.01(%'+*30%A0K03-N0A%&L%$C%4C%W2AB56%*'%
*)(5+23*(0A%51%/5'%'(2AL7!H)&!6'+(&!#%!A'&*3$&44%G;nnfHC%%@/)-26/%*1%0R*.51*(5-1%-,%(/)00%+*'0%
'(2A50'7%.-)0-K0)7%(/5'%N*N0)%B533%+)5(5+*33L%0K*32*(0%(/0%(0).'%T60152'U%*1A%T.*A10''U%*'%)03*(0A%
(-%+)0*(5K5(L%*1A%0.5101+0C% #-1'5A0)*(5-1%5'%*3'-%65K01%(-%*%K*)50(L%-,%)0*A516'7%51+32A516%
'+501(5,5+%*1*3L'0'%-,%,)*+(*3'%*1A%.*(/0.*(5+*3%'(L3-.0()L%*1A%*1%0''*L%&L%P)*1%M0))01%(/*(%
*)620'%T/2.*1%*)(5'('%B533%&0+-.0%(/0%.-'(%K*320A%*1A%5))0N3*+0*&30%-,%N)-,0''5-1*3'CU!
C$2*$(&!"%35)2+!!"??.%.=73.2!/0.0$!1234$(530*+! /<#5<(:.=$!;D?%)(.03)2%
$'%51A5K5A2*3'%B0%/-3A%*%+0)(*51%,*.535*)5(L%B5(/%(/0%/5'(-)L%*1A%N/L'5+*3%60-6)*N/L%-,%-2)%
'2))-21A516'C%%#23(2)*3%5A01(5(L%+*1%'(0.%,)-.%-2)%A0K03-N0A%)03*(5-1'/5N%&0(B001%(/0%51A5K5A2*3%
*1A%(/0%N/L'5+*3%*(()5&2(0'%-,%(/0%3*1A'+*N07%B/5+/%'2))-21A'%2'C% {!2&'2),*+0%"RN3-)*(5-1\7%.L%
3*(0'(%&-AL%-,%B-)S7%A0*3'%B5(/%(/0%+-1+0N(%-,%(/0%51A5K5A2*3\'%N'L+/-3-65+*3%(50'%(-%(/0%3*1A'+*N0C%
@/)-26/%.*1L%K0)L%(/51%3*L0)'%-,%01+*2'(5+%N*51(%*1A%A)*B1%030.01('7%(/0%5332'5-1%-,%A0N(/%*1A%
'+*30%5'%*+/50K0A%51%0*+/%-,%(/0'0%B-)S'C%%W*L0)'%-,%01+*2'(5+%*)0%*NN350A%2'516%+)0A5(%+*)A'%*1A%
(/01%30,(%,-)%K*)L516%A)L516%(5.0'7%*%+)2+5*3%*'N0+(%51%.L%B-)S516%N)-+0''C%%%!0+(5-1'%-,%3*L0)'%*)0%
'2&()*+(0A%2'516%/0*(7%-)%N-35'/0A%(-%+)0*(0%*%/56/3L%A0(*530A%*)0*7%B/5+/%5'%B-)S0A%51(-%
*AA5(5-1*33L%B5(/%N01+53'C% @/)-26/-2(%(/0%N)-+0''%-,%.23(5N30%3*L0)5167%A)*B1%030.01('%*)0%
51()-A2+0AC%%45+)-'+-N5+%.*)S'7%A)*B1%(0R(2)0%*1A%'6)*,,5(-%*33%+-.&510%(-%+)0*(0%(01'5-1%(/)-26/%
K5'2*3%V2R(*N-'5(5-1'%B5(/%'-,(%01+*2'(5+%3*L0)'C%
E%*.%51(0)0'(0A%51%/-B%(/0%3*1A'+*N0%/-3A'%.*1L%N/L'5+*3%*1A%N/L'5-3-65+*3%+320'%(-%(/0%N*'(%*1A%
51%'-.0%+*'0'%N0)/*N'%(/0%,2(2)0C%%E1%(/0%'*.0%B*L%(/*(%'*(0335(0%N/-(-6)*N/L%-,%(/0%0*)(/\'%
'2),*+0%+*1%)0K0*3%(/0%3*1A'+*N0\'%N/L'5+*3%{'+*)'\7%/2.*1%.0.-)L%+*1%)0K0*3%(/0%3*1A'+*N0\'%
'-+5*3%'+*))516C%%E%,003%(/*(%(/0)0%5'%*1%51(0)0'(516%(01'5-1%&0(B001%(/0%1*(2)*3%*1A%(/0%/2.*1%
.*A0%60-3-65+*3%.*)S7%*1A%'00S%(-%)0N)0'01(%(/0'0%K5'2*3%)03*(5-1'/5N'C% E%B-23A%35S0%(-%N)0'01(%
.L%5A0*'%*1A%51,3201+0'%&0/51A%(/5'%3*(0'(%&-AL%-,%B-)S%*1A%51%'-%A-516q%A5'+2''%*%)03*(5-1'/5N%
B5(/%(/0%3*1A'+*N0\'%'-+50(*3%*1A%N/L'5+*3%5''20'%*)5'516%(-A*LC!
C$E5j&!"28($.+!!>.(5)25!'7$!U$-!/=7))%!:)(!C$5392+!!'7$!;::$=0!):!;.(%*!A)@@<2350!
>()?.9.28.!,@.9$(*!)2!6*!>$(5)2.%!L)(Q%
F*K516%&001%)*5'0A%51%"*'(0)1%"2)-N07%.L%B-)S%/*'%&001%51,3201+0A%&L%(/0%'-.&0)7%/-.0%
51A2'()L%-,%,)5160%+-..215'.%*1A%0R()0.0%N-K0)(LC% E%B533%A5'+2''%/-B%(/0%5A0-3-6L%*1A%N)-A2+('%
-,%(/0%'-+5*3aA0'561%.-K0.01('%-,%(/0%>?(/%#01(2)L%/*K0%51,3201+0A%.L%N0)'-1*3%B-)SC
C$5A7$2$&!L$28*+!!"<#<(2!1234$(530*+!!J$=$20!,250.%%.03)25!.28!63D$8!6$83.!L)(Q%
"1()-NL%-,%.*(0)5*3%*1A%.0*1516%51%*)(%-++2))0A%&0,-)0%.L%6010)*(5-1C%%8/*(%A-0'%(/*(%30*K0%.07%
*'%*1%*)(%.*S0)7%(-%+)0*(0%B5(/%&2(%(/0%+--3516%&-A50'%-,%.L%01(5)0%/5'(-)5+*3%3510*60`%%$'%*1%*)(5'(%
B-)S516%51%$.0)5+*7%(/5'%()*A5(5-1%)0N)0'01('%W5,0%$)(7%+-33*&-)*(5K0%F*NN01516'7%g-N7%$&'()*+(%
"RN)0''5-15'.7%0(+C%%%W2+S53L7%(/5'%5'%*%B5A0%*1A%*3.-'(%'+/5Q-N/)015+%*))*L%(-%N--3%.L%)0*+(5-1'%
51(-C!
C$L300$&!C$#(.!F+!!1234$(530*!):!'$D.5+!!"!/0<8*!):!"25$%@!P3$:$(M5!"#$%&'()'&#)!
b,=)2)=%.503=!A)20()4$(5*c%
$1'03.%X50,0)%/*'%&0+-.0%1-(-)5-2'%,-)%+-1,)-1(516%[0).*1L\'%'/-+S516%/-3-+*2'(C%%E1%/5'%
N*51(0A%N/-(-6)*N/!U+./&'43'&+3!JS(#$#(.*43+(!"#$3'#F&'45N7%X50,0)%.0)60'%(B-%-,%(/0%.-'(%
51()562516%N0)5-A'%51%(/0%/5'(-)L%-,%*)(c%%F5(30)\'%[0).*1L%*1A%PLQ*1(52.\'%E+-1-+3*'.C%%8/*(%5'%
X50,0)%()L516%(-%'*L%&L%&3*(*1(3L%&301A516%/5'%-,(=A0N5+(0A%(/0.0%-,%(/0%/-3-+*2'(%B5(/%(/0%.-'(%
B033%S1-B1%/5'(-)5+*3%A0'()2+(5-1%-,%5.*60'`%
E1!U+./&'43'&+37%(/0%*)(5'(\'%N*30((0%5'%'2))-21A0A%&L%8-)3A%8*)%EE%[0).*1%(*1S'7%B/5+/%(/0%*)(5'(%
.-3A0A%-2(%-,%+3*L%*1A%(/01%N/-(-6)*N/0AC%%E1%(/5'%N*N0)%E%0RN3-)0%/-B!U+./&'43'&+3%B*'%+)0*(0A%*(%
*%N*)(5+23*)3L%+)5(5+*3%V21+(2)0%51%X50,0)\'%+*)00)C%%X50,0)%/*'%-,(01%51+32A0A%(/0%*)(5'(\'%N*30((0%*'%*%
.-(5,%)0N)0'01(*(5K0%-,%*)(%-)%(/0%*)(5'(7%*1A%/*'%)0.*)S0A%-1%*%'03,=5A01(5,5+*(5-1%B5(/%(/5'%'L.&-3C%
@/0%K5-301(%*((*+S%-1%(/0%N*30((0%51!U+./&'43'&+3%(*S0'%N3*+0%B/01%X50,0)%/*A%&001%&)2(*33L%
+)5(5+5Q0A%&L%/5'%-B1%+-21()L.01C%%E%B533%N-'5(5-1%(/5'%*)(B-)S%B5(/51%X50,0)\'%-02K)07%A5'+2''%5(%51%
(0).'%-,%(/0%)0,0)01+0'%(-%PLQ*1(52.%*1A%,*'+5'(%[0).*1L7%*1A%A03K0%51(-%X50,0)\'%K50B'%-1%(/0%
)-30%-,%*)(5'('%*1A%*)(%A2)516%+*(*+3L'.5+%+5)+2.'(*1+0'C!
C3$0(3=Q&!F)$%%$+!!H%)(38.!/0.0$!1234$(530*+!6<28*&!K-$2+!!1234$(530*!):!A.%3:)(23.&!/.2!
C3$9)+! '7$!A)@?$%%329!A)2=$?0R!C$5392!:)(!/)=3.%!A7.29$%
$,(0)%A0+*A0'%-,%A0'561%(2)1516%51(-%*%A5)(L%B-)A%(/*(%0K-S0'%K5'5-1'%-,%.*15N23*(5K0%*0'(/0(0'%
'N511516%+5(5Q01'%51(-%+-1'2.N(5-1%,)01QL7%*%/*1A,23%-,%A0'5610)'%*1A%*)(5'('%*)0%)0+3*5.516%
A0'561%*'%*%(--3%,-)%'-+5*3%+/*160C% @/0%N*N0)%N)-K5A0'%*1%-K0)K50B%-,%+-..215(L=&*'0A%*)(%
N)*+(5+0%B5(/%*1%0.N/*'5'%-1%0,,0+(5K0%,-).'%-,%A-+2.01(*(5-1%*1A%5.N35+*(5-1'%,-)%,-21A*(5-1%
0A2+*(5-1C% P06511516%B5(/%*%/5'(-)5+*3%-K0)K50B%+-K0)516%(/0%P*2/*2'%(-%P)2+0%4*2%(-%-2)%
'(2A01('v%B-)S7%(/0%N*N0)%A)5K0'%/-.0%(/0%5A0*%(/*(%5,%L-2%51'N5)0%'(2A01('%B5(/%'()-16%/5'(-)5+*3%
0R*.N30'%*1A%N)-K5A0%'-+5*33L=*B*)0%*''561.01('7%*%'5.N30%0R0)+5'0%51%)0N0(5(5-1%*1A%K*)5*(5-1%
.*L%&0%()*1',-).0A%51(-%N)-V0+(%(/*(%'(2A01('%*)0%+-.N0330A%(-%+-.N30(0%B5(/%51(0330+(2*3%)56-)%
*1A%(0+/15+*3%,510''0C% _)5K01%&L%*%&0350,%51%N2)N-'0,23%30*)15167%(/0%+2))5+232.%51()-A2+0'%A0'561%
,21A*.01(*3'%B5(/%(/0%)56/(%.5R%-,%*)(%/5'(-)L7%+)5(5+5'.7%*0'(/0(5+'7%(0+/15Y207%*1A%'-+5*3%
+-1'+5-2'10''C!
C)7(@.22&!J)#$(0+!!'7$!1234$(530*!):!KQ%.7)@.+!!'7$!G.7.<53.2!J$^$=03)2R!!A7.29329!07$!
/0(<=0<($!):!"(0!.28!C$5392!H)<28.03)25!
C,C!UK'!>J;/;U'
C)5532&!A.07$(32$+!!1234$(530*!):!'$D.5!.0!"<5032+! G$.03:3$8!#<0!2)0!A.2)23E$8R!U3Q3!8$!
/.320I>7.%%$!.28!07$!B3@305!):!07$!H$@32350!A.2)2%
D5S5%A0%!*51(=g/*3307%-10%-,%(/0%,0B%B-.01%(/0%*)(%B-)3A%*+S1-B30A60A%&0,-)0%(/0%0.0)601+0%-,%
M0.515'(%'+/-3*)'/5N7%/*'%'2)N)5'5163L%)0+05K0A%K0)L%35((30%*((01(5-1%,)-.%M0.515'(%'+/-3*)'C% @*S516%
-1%(/0%51A5,,0)01+0%(-%!*51(=g/*330\'%B-)S7%(/5'%N*N0)%0R*.510'%B/L%M0.515'(%'+/-3*)'/5N%
-K0)3--S0A%*1%*)(5'(%B/-'0%35,0%0.&-A50'%'-%N0),0+(3L%(/0!%&8+$+$&!8543+X;&%*1A%B/-'0%*)(%5'%'-%
A00N3L%)--(0A%51%,0.*30%0RN0)501+0'C% E%*)620%(/*(%!*51(=g/*330%B*'%3-'(%(-%(/0%M0.515'(%+)5(5+'%
&0+*2'0%'/0%,033%-2(%-,%(/05)%)0'0*)+/%'+-N0C% F0)%N-'5(5-1%*'%(/0%-13L%B-.*1%-,%D0B%^0*35'.%
*1A%g-N%$)(%N)-K5A0A%/0)%B5(/%51(0)1*(5-1*3%)0+-615(5-1%&2(7%51%(2)17%N-'5(5-10A%/0)%B5(/51%(/0%K0)L%
+23(2)*3%,503A%*6*51'(%B/5+/%M0.515'.%A0K03-N0AC% W5S0B5'07%B/530%/0)%M)*1+-=$.0)5+*1%5A01(5(L%
*1A%)0'23(516%*&535(L%(-%'0)K0%*'%*%&)5A60%&0(B001%"2)-N0%*1A%(/0%]15(0A=!(*(0'%6*K0%/0)%*++0''%
(-%K0120'%()*A5(5-1*33L%+3-'0A%(-%B-.017%/0)%3*+S%-,%A0,515(0%1*(5-1*3%*,,535*(5-1%0R+32A0A%/0)%,)-.%
$.0)5+*1%M0.515'(%51K0'(56*(5-1C% @/0%,*+(-)'%B/5+/%+-1()5&2(0A%(-%/0)%&0*(5,5+*(5-1%51%(/0%.*30=%
A-.51*(0A%*)(%B-)3A%N)0+32A0A%/0)%,)-.%M0.515'(%+*1-15Q*(5-1C% @/5'%N*N0)%(/2'%+*33'%,-)%*%
)0+-1(0R(2*35Q*(5-1%*1A%)00K*32*(5-1%-,%!*51(=g/*330\'%B-)S%B/5+/%'/-23A%1-(%+-1'(5(2(0%*%.0)0%
*NN01A5R%51%(/0%/5'(-)L%-,%E1(0)1*(5-1*3%g-N%$)(7%&2(%)*(/0)%*%+/*N(0)%51%M0.515'(%*)(%/5'(-)LC!
C($22$2&!A(.39+!!/.4.22.7!A)%%$9$!):!"(0!.28!C$5392+!!'7$!/<?$(93(%!>()^$=0%
@/-'0%+5(5Q01'%35K516%-2('5A0%(/0%+23(2)*3%&03(B*L%-,%(/0%1-)(/0*'(%-)%(/0%01(0)(*51.01(%/2&%-,%
'-2(/0)1%#*35,-)15*%*)0%-,(01%N0)+05K0A%*'%&0516%'-.0/-B%T*2(/01(5+CU%%@/0%5A0*%-,%*1%*2(/01(5+%
1-1=2)&*1%+23(2)0%'*(5',50'%(/0%)0Y25)0.01(%-,%(/0%51(0330+(2*3%+01(0)%(-%/*K0%5('%-B1%*3(0)1*(5K0%
K0)'5-1%)/0(-)5+*33L%+3-'0%*(%/*1AC%%@/5'%5'%B/0)0%(/0%)2)*3%$NN*3*+/5*1%)065-1%-,%.L%2N&)516516%
,51A'%5('03,m*1%*BSB*)A%*3(0)1*(5K0%(-%2)&*1%35,0%+-1'5A0)0A%+23(2)*33L%N)-K51+5*3%*1A%
'5.23(*10-2'3L%)065-1*33L%*2(/01(5+C%%$1A%L0(%(/5'%'*.0%)2)*3%+23(2)0%N)-K0A%0*60)%(-%)0+05K0%(/0%
TN)-+0''5-1%-,%'5.23*+)*U%N)0'01(0A%(-%5(%51%(/0%,-).%-,%F00%F*B7%!(-10%4-21(*51%[0-)65*7%*1A%
_-33LB--AC%%M-).*(5K0%5..0)'5-1%51%(/5'%.53502%N)0N*)0'%)2)*3%*)(5'('%(-%-N0)*(0%51%*%A-2&30%+-A07%
(-%'03,=5A01(5,L%*'%&-(/%)0*3%*1A%21)0*37%N-''0''516%5A01(5(L%L0(%/*K516%1-10%-2('5A0%+*)(--15'/%
+35+/pC%%@/5'%N)-K5A0'%210RN0+(0A3L%*N(%()*51516%,-)%*%+-1(0.N-)*)L%*)(5'(C%
#)*56%_)01101\'%'(*(2'%*'%*%1*(5K0%80'(%95)6515*1%+)0*(0'%0RN0+(*(5-1'%,)-.%&-(/%4-21(*5100)'%
*1A%(/0%+-1(0.N-)*)L%*)(%B-)3A7%(/-26/%K0)L%A5,,0)01(%0RN0+(*(5-1'C%%!51+0%_0+0.&0)%>??>%/0%
/*'%.*A0%A)*B516'7%N*51(516'7%.23(5N30'7%*2A5-%B-)S'7%*1A%N0),-).*1+0'%&*'0A%-1%(/0%;nrJ%
.-K50!:;E&'7+'.V%@/0%N)-V0+(%5'%+-.N35+*(0A%&L%(/0%,*+(%(/*(%*,(0)%,5K0%L0*)'%_)01101%/*'%'001%(/0%
'-2)+0%,53.%-13L%-10%(5.0C!
C(35=)%%&!"22+!,28$?$28$20!/=7)%.(+!!;4$!;D?)5$8R!"!J$4$.%329!/=$2$!32!B3@#)!)2!07$!
S3=0)(3.!.28!"%#$(0M5!*+'#(),(!-'#,./+01(!>.320$8!A()55%
#/)5'(\'%_0'+01(%51(-%W5.&-%5'%(/0%B0'(0)1%K0)'5-1%-,%(/0%$1*'(*'5'7%(/0%"*'(0)%5.*60%-,%(/0%
:)(/-A-R%#/2)+/C%%E(%)0N)0'01('%(/0%+23.51*(5-1%-,%(/0%g*''5-1%1*))*(5K0'c%(/0%^5'01%#/)5'(%
A0'+01A'%51(-%W5.&-%(-%)*5'0%(/-'0%B/-%&0350K0A%51%/5.%&0,-)0%(/0%E1+*)1*(5-17%51+32A516%$A*.7%
"K07%_*K5A7%*1A%!-3-.-1C%%E1%(B03,(/=+01(2)L%E(*3L7%(/0%'+010%*NN0*)'%51%*%12.&0)%-,%"R23(0(%^-33'%
*1A%B5(/%(/0%'.*33%1*))*(5K0'%-1%'0K0)*3%N*51(0A%+)-''0'C%
:1%*%3*(0%(B03,(/=+01(2)L%N*51(0A%+)-''%1-B%51%(/0%95+(-)5*%*1A%$3&0)(%42'02.%51%W-1A-17%(/0%
'+010%-,%(/0%_0'+01(%51(-%W5.&-%N)0'01('%(/0%210RN0+(0AC%%$A*.7%A)0''0A%51%*%6-)60-2'%)0A%
(215+7%5'%)0'+20A%,)-.%W5.&-%&L%#/)5'(C%%8/*(%5'%212'2*3%5'%(/*(%"K07%*B*5(516%/0)%(2)17%B0*)'%-13L%
*%N0)5Q-.*%(/*(%+-K0)'%/0)%3-51'%&2(%0RN-'0'%/0)%&)0*'('C%%@/5'%(LN0%-,%3-51+3-(/%5'%-,(01%B-)1%&L%
(/0%+)2+5,50A%#/)5'(7%N*)(5+23*)3L%-1%(/0%N*51(0A%+)-''0'C%%@/0%+-1()*'(%&0(B001%$A*.7%,233L%
+-K0)0A%&L%/5'%)5+/%(215+7%*1A%"K07%51%/0)%'5.N30%3-51+3-(/7%+30*)3L%51*A0Y2*(0%,-)%*%B-.*17%5'%&-(/
'/-+S516%*1A%+2)5-2'C%%4L%N*N0)%51K0'(56*(0'%(/5'%'+010%(-%)0K0*3%(/0%'5615,5+*1+0%-,%"K0\'%
0RN-'0A%&)0*'('C!
C<6)2073$(&!\($9+!!;.50$(2!L.573290)2!1234$(530*+!C)-2:.%%5!):!07$!A(303a<$!J))@R! "(0!32!
><#%3=!/?.=$5%
8/530%'+23N(2)0%0R5'('%51%)0*3%'N*+07%(/*(%5'%I=A5.01'5-1*3%'N*+07%5(%A-0'%1-(%21A0)%1-).*3%
+-1A5(5-1'%+-.N0(0%B5(/%)0*3%'N*+0q%(/*(%5'%(/0%)0*3%B-)3AC% E1%*)(%'+/--3%B0%3--S%*(%*)(%51%+)5(5Y20%
)--.'7%/-N0,233L%A0K-5A%-,%A5'()*+(5-1'%*1A%*)0%K50B516%21A0)%(/0%*''2.N(5-1%(/*(%356/(516%*1A%
N-''5&3L%&*'0%*)0%+-1'5A0)0A%*1A%(/*(%B0%B-23A%&0%51%*%6*330)L%-)%.2'02.%'N*+0C% E1%+)5(5Y20'%
B0%)0,0)01+0%(/0%-2('5A0%B-)3A7%(*3S%*&-2(%B/*(%(/5'%B-)S%5'%+-.N*)0A%(-%-2(%(/0)07%B/*(%5(%3--S'%
35S0%-)%N)0'01('%5('03,%*'%51%(/0%+-1(0R(%-,%(/0%+)5(5Y20%)--.%B5(/-2(%51N2(%,)-.%*1%-2('5A0%*2A501+0C%
8/530%+-..0)+5*3%6*330)50'%*)0%+-1+0)10A%B5(/%&0*2(L%)*(/0)%(/*1%+-1(01(%*1A%.2'02.%N)-6)*.'%
(/*(%'2NN-)(%L-216%3-+*3%(*301(%*)0%,0B7%(/5'%N*((0)1%,-)%N)-A2+(5-1%5'%/*)A3L%)0*35'(5+C%
@-N5+'%51+32A0%2'516%,-).*('%,-)%N)-A2+(5-1%)*(/0)%(/*1%.*(0)5*3%&*'0A%*''561.01('7%0R*.N30'%-,%
'(2A01('%60((516%B-)S%51(-%(/0%)0*3%B-)3A%*1A%/-B%)03*(5-1*3%*0'(/0(5+'%+*1%6010)*(0%5A0*'%,-)%
N)-A2+(5-1%51%(/0%+3*'')--.%*1A%(/0%6*330)LC% @/0'0%*)0%1-(%N2&35+%*)(%N)-V0+('7%B0%*)0%1-(%60((516%
,21A516%,-)%(/0.7%(/0L%*)0%1-(%N0).*101(%*1A%1-&-AL%*'S0A%,-)%(/0.C!
C<(.2&!"8(3.2+!!6$@?735!A)%%$9$!):!"(0+! VS$8<035@)!2<)4)WR!!S3$-!>.320329!.28!
;?350$@)%)9*!32!A)20$@?)(.(*!S$2$03.2!>.320329!
0&/;3+48#%/*'%3-16%&001%+-1'5A0)0A%(/0%0.&30.*(5+%.-A0%-,%9010(5*1%N*51(516C%%#*1-15Q0A%51%
(/0%056/(001(/%+01(2)L%&L%#*1*30((-7%P033-((-7%*1A%[2*)A57%(/5'%.-A0%-,%N*51(516%/*'%3-16%&001%
*''-+5*(0A%B5(/%(/0%,51*3%A0+*A0'%-,%9010(5*1%63-)LC%%85(/%(/0%01A%-,%(/0%9010(5*1%^0N2&35+7%*1A%
(/0%+-1'0Y201(%21)*K03516%-,%*1L%+-/0'5K0%9010(5*1%'+/--37!F&/;3+48#%B*'%'5.53*)3L%21A-10%*'%*%
+*(06-)L%,-)%(/0%'(2AL%-,%9010(5*1%N*51(516C%%^0.*)S*&3L7!F&/;3+48#%+-1(5120'%(-%-,,0)'%*%
N-51(0A3L%,21+(5-1*3%301'%(/)-26/%B/5+/%(-%0RN35+*(0%(/0%N)5.*)L%'/5,('%51%9010(5*1%*1A7%(-%*%3*)60%
0R(01(7%E(*35*1%N*51(5167%0'N0+5*33L%51%(/0%N0)5-A%,-33-B516%8-)3A%8*)%EEC%
@/5'%N*N0)%B533%*AA)0''%(/0%B-)S%-,%(/)00%9010(5*1%N*51(0)'m$).*1A-%g5QQ51*(-7%95)6535-%[25A57%
*1A%W2A-K5+-%_0%W2565m*1A%(/0%B*L'%(/*(%(/0%+5(L%-,%9015+0%'0)K0A%*'%*1%*).*(2)0%2N-1%B/5+/%
(-%+-1'()2+(%&-(/%'(L35'(5+%*1A%5A0-3-65+*3%3*162*60'%-,%N*51(516C%%@/)-26/%*1%51K0'(56*(5-1%-,%
(/0'0%*)(5'('7%B/-%)0N)0'01(%(/)00%'2++0''5K0%6010)*(5-1'%-,%9010(5*1%N*51(0)'7%(/5'%N*N0)%B533%+*33%
2N-1%(/0%+-1(5120A%K*35A5(L%-,%*%9010(5*1%'+/--3%*'%B033%*'%01+-2)*60%*1%0RN*1A0A%
21A0)'(*1A516%-,!F&/;3+48#7%'2'(*51*&30%*+)-''%(0.N-)*3%A5K5A0'%L0(%03*'(5+%01-26/%(-%N)-K5A0%*1%
*3B*L'%+-1(0.N-)*)L%.0(/-A-3-6L%,-)%5.*6516%(/0%+5(L%-,%9015+0C!
C<5E*25Q3& J.=7$%!P+! A.5$!L$50$(2!J$5$(4$!1234$(530*!" G<(%$5a<$!.28!A$25)(573?!32!
Yfkl5!"@$(3=.%
E1%(/0%N0)5-A%,)-.%(/0%.5A%;n>?'%(-%(/0%0*)3L%;nJ?'7%'0K0)*3%.*V-)%$.0)5+*1%*)(5'('%N*51(0A%
'+010'%-,%(/0%P2)30'Y207%51+32A516%@/-.*'%F*)(%P01(-17%^0651*3A%4*)'/7%*1A%"AB*)A%F-NN0)C%
@/0%,562)0%.-'(%N)-,-21A3L%5A01(5,50A%B5(/%(/5'%'2&V0+(%B*'%4*)'/7%B/-%N*51(0A7%A)0B%*1A%0(+/0A%
A-Q01'%-,%'()5N(0*'0%'+010'C% _2)516%(/0%A0N)0''5-1%.*1L%$.0)5+*1'%+-23A%1-(%*,,-)A%(-%*((01A%
P)-*AB*L%!/-B'7%&2(%'-26/(%-2(%&2)30'Y20%*'%(/0%+/0*N%*3(0)1*(5K0C%%P2)30'Y20%'/-B'%/*A%,5)'(%
*NN0*)0A%-1%(/0%$.0)5+*1%'(*60%51%;rjr%*'%)5'Y2p%+-.5+%'S5('C%%!()5N(0*'0%B*'%-13L%*AA0A%51%(/0%
;n>?'7%*1A%&L%(/0%0*)3L%;nI?'%/*A%&0+-.0%*%/2603L%N-N23*)%*1A%32+)*(5K0%,-).%-,%N-N23*)%
01(0)(*51.01(7%*5.0A%*(%B-)S516%+3*''%*2A501+0'C% _0'N5(0%(/05)%N-N23*)5(L7%(/5'%,-).%-,%
01(0)(*51.01(%B*'%(/)0*(010A%&L%+-1'0)K*(5K0'7%B/-%3-&&50A%(-%+3-'0%A-B1%P2)30'Y20%'(*60%
'/-B'7%*1A%23(5.*(03L%30A%(-%(/05)%A0.5'0C% PL%N3*+516%4*)'/\'%N*51(516'%*1A%0(+/516'%-,%(/0%
P2)30'Y20%51%(/0%+-1(0R(%-,%N/-(-6)*N/'7%*AK0)(5'0.01('%*1A%0)-(5+%+510.*%-,%(/0%N0)5-A7%E%B533
0RN3-)0%(/0%B*L'%51%B/5+/%(/5'%,3--A%-,%1-(*&30%N*51(516'%+-))0'N-1A0A%B5(/%(/0%,3-B0)516%*1A%
A0.5'0%-,%P2)30'Y20%*'%*1%*)(%,-).7%B/530%*3'-%2'516%5(%*'%*%.0(*N/-)%,-)%(/0%A0'N0)*(5-1%-,%(/0%
B-)S516%+3*''%A2)516%(/0%[)0*(%_0N)0''5-1C!
C*Q7<35&!>$0$(+!!U/A"C!1234$(530*!" /)=3.%!/<(:.=$R!!>)50.%!6.?5!):!6*!B3:$%
@/5'%N)0'01(*(5-1%,0*(2)0'%*1%51=A0N(/%*1*3L'5'%-,!6'&44;'&!H#/*5%*1A!Y#;!2'&!1&'&G%(B-%
N)-V0+('%51+-)N-)*(516%2'0A%01K03-N0'%*'%(/0%,-21A*(5-1*3%3*L0)%51%6)*N/5+%.*NN516%
)0N)0'01(*(5-1'C%%P-(/%N)-V0+('7%/-B0K0)7%0RN*1A%(/0%5A0*%-,%.*NN516%&0L-1A%(/0%.0)0%)0+-)A516%
-)%+-1'()2+(5-1%-,%60-N/L'5+*3%(0))5(-)LC%%g)0'01(0A%-1%2'0A%&2'510''%01K03-N0'%(/*(%N)0K5-2'3L%
+-1(*510A%&533'7%51K-5+0'%*1A%N)-,0''5-1*3%*11-21+0.01('7!6'&44;'&!H#/*5%+-33*(0'%(/0%{N)0''2)0=%
,233\%.*53%-,%.L%0K0)L=A*L%35,0%B5(/%(/0%A*53L%+-1(5101(*3%&*)-.0()5+%N)0''2)0%.*N'V% @/0%)0'23(%5'%
*1%-1=6-516%)0+-)A%-,%.0(0-)-3-65+*3%N/01-.01-1%3*L0)0A%-K0)%(/0%5A5-'L1+)*(5+%.*NN516%-,%.L%
N0)'-1*37%N)-,0''5-1*37%0+-1-.5+%*1A%'-+5*3%10(B-)S'%*'%.*15,0'(0A%(/)-26/%N-'(*3%10(B-)S'C%
]'516%*%B5A0%K*)50(L%-,%01K03-N0'%*AA)0''0A%(-%.0%*'%(/0%+-33*60A7%,-21A*(5-1*3%3*L0)%-,%*%.*N%
-,%F*35,*R%F*)&-2)7!Y#;!2'&!1&'&%B*'%51'(*330A%51%g50)%>>%-,%(/0%F*35,*R%g-)(%$2(/-)5(L%A2)516%(/0%
!2..0)%-,%>??f%*'%*%N3*L%-1%B*L=,51A516%.*N'%,-)%+)25'0='/5N%K5'5(-)'C% @/0%6)*N/5+%.*NN516%
,-).*(7%/-B0K0)7%Y20'(5-1'%/-B%S1-B30A607%51,-).*(5-1%*1A%)0+-)A'%-,%35K0A%0RN0)501+0%+*1%&0%
+-1,3*(0A%51(-%*%{'5.N30\%.*N%,-).*(C!
CE$2Q)&!A)($*+!!1234$(530*!):!U$-!6$D3=)+!!"(0-)(Q&!"2D3$0*&!.28!"@#39<30*R!'7$!
>7)0)9(.?73=!,@.9$5!):!P$((*!/Q.(#.QQ.%
@/)-26/%)0.0A5*(516%(/0%N*'(%*1A%N)0'01(%*)(5'(5+%N)*+(5+0'%-,%N/-(-6)*N/L7%A565(*3%5.*65167%*1A%
N0),-).*1+0%*)(7%X0))L%!S*)&*SS*%+)0*(0'%*.&562-2'%N/-(-6)*N/5+%5.*60'%(-%'L.&-35Q0%(/0%
*1R50(L%/0%0RN0)501+0'%)06*)A516%/2.*1%0R5'(01+0C%%M-)%/5'%'0)50'7%!S*)&*SS*%()*K03'%(-%(/0%
3-+*(5-1'%-,%/5'%5.*60'C%:1+0%(/0)07%/0%,*33'%B5(/%(/0%*5A%-,%.-21(*51%+35.&516%60*)%*1A%
N/-(-6)*N/5+*33L%A-+2.01('%/5'%*+(5-1C%P*+S%51%(/0%'(2A5-7%/0%2'0'%5.*6516%(0+/1-3-6L%(-%)0.-K0%
(/0%0K5A01+0%-,%/5'%/*)10''%*1A%3510'C%%F5'%2'0%-,%N/-(-6)*N/L%+)0*(0'%*%()*1'N*)01(%351S%&0(B001%
(/0%K50B0)%*1A%(/0%'03,=N-)()*5('%*'%!S*)&*SS*%5'%+*26/(%51%*%.-.01(%-,%A0'+01(C%%g/-(-6)*N/L\'%
*''2.0A%K*35A5(L%-,%(/0%T)0*3U%5'%(/01%+/*330160A%&L%(/0%'2&(30%*3(0)*(5-1%-,%!S*)&*SS*\'%5.*60'7%
&2(%!S*)&*SS*\'%N/L'5+*3%N*)(5+5N*(5-1%51%(/0%'0)50'%)0K0)'0'%(/5'%+/*330160%(-%(/0%5.*60'\%K*35A5(LC%
$(%(/0%01A%-,%(/0%N)-+0''7%!S*)&*SS*\'%5.*60'%30*K0%K50B0)'\%51(0)N)0(*(5-1'%-'+533*(516%&0(B001%
(/0%5..0A5*+L%*1A%/LN0).0A5*+L%-,%(/0'0%'0)50'!
;9.2&!/7.22)2+!\$00*5#<(9!A)%%$9$+!!V"!\))8!'7329!:)(!07$!L7)%$!"@$(3=.2!>$)?%$WR!
;8-.(8!/+!A<(035M5!>()9($5534$!,283.25%
E1%(/0%,-)0B-)A%(-!H)&!I#'3)!28&'+(*$!S$/+*$7%"AB*)A%!C%#2)(5'\'%,-)(L=K-32.0%'0)50'%-,%
N/-(-6)*K2)0'%*1A%B)5(516'%N2&35'/0A%51%(/0%]15(0A%!(*(0'%&0(B001%;n?<%*1A%;nI?7%g)0'5A01(%
@/0-A-)0%^--'0K03(%+3*5.0A%(/*(%#2)(5'\'%N)-V0+(%B*'%*%T6--A%(/516%,-)%(/0%B/-30%$.0)5+*1%
N0-N30CU%%^--'0K03(%'*B%#2)(5'\'%+*)0,233L%+-1'()2+(0A%N/-(-6)*N/'%-,%D*(5K0%$.0)5+*1'%*'%
*)(5+23*(516%(/0%+2))01(%*5.'%-,%N)-6)0''5K0%E1A5*1%N-35+L7%*'%B033%*'%*%N*)(5+23*)%1-(5-1%-,%
T$.0)5+*110''U%51%(/0%,5)'(%A0+*A0%-,%(/0%(B01(50(/%+01(2)LC%%@/)-26/%+3-'0%0R*.51*(5-1%-,%(/0%
N/-(-6)*N/'%*1A%(/05)%'-+5-=N-35(5+*3%+-1(0R(7%(/5'%N*N0)%*AA)0''0'%/-B7%B/L7%*1A%,-)%B/-.!H)&!
I#'3)!28&'+(*$!S$/+*$%+-23A%&0%T*%6--A%(/516CU%%%!N0+5,5+*33L7%E%+-1'5A0)%/-B%(/0%'2&V0+(%*1A%'(L30%
-,%#2)(5'\'%N/-(-6)*N/'7%'2+/%*'!H)&!0*$+4)+$7!C*(&%G;n?JHG%*NN0*30A%(-%/5'%*2A501+0%-,%B0*3(/L%
$163-=$.0)5+*1%K50B0)'C% E1%,-+2'516%-1%#2)(5'\'%N/-(-6)*N/'%.*A0%A2)516%(/0%1*(5-1\'%
N)-6)0''5K0%0)*%*1A%&L%'0((516%/5'%B-)S%51%A5*3-620%B5(/%(/0%N0)+05K0A%TE1A5*1%N)-&30.7U%E%
51()-A2+0%*%10B%)0*A516%-,%#2)(5'\'%N)-V0+(C%%@/5'%N*N0)%*5.'%1-(%-13L%(-%5A01(5,L%(/0%N-35(5+*3%
5.N35+*(5-1'%-,!H)&!I#'3)!28&'+(*$!S$/+*$7%&2(%*3'-%(-%N)-K5A0%*%&)-*A0)%21A0)'(*1A516%-,%/-B
)0N)0'01(*(5-1'%-,%D*(5K0%$.0)5+*1'%,562)0%51%(/0%+-1'()2+(5-1%-,%1*(5-1*3%5A01(5(L%51%(/0%0*)3L%
(B01(50(/%+01(2)LC!
;%%35&!G3%%+!!1234$(530*!):!6$@?735+!!A%.*!/Q<%%!G%<$5R!A)2032<303$5!#$0-$$2!/$%:I'.<970!"(0!
.28!07$!'(.8303)2.%!6<53=!32!07$!"@$(3=.2!/)<07%
8/01%B0%3--S%*(%'03,=(*26/(%*)(5'('%,)-.%(/0%$.0)5+*1%!-2(/%51%)03*(5-1%(-%-10%N*)(5+23*)%*'N0+(%-,%
(/05)%.535027%.2'5+7%5(%&0+-.0'%-&K5-2'%/-B%+-110+(0A%(/0L%+*1%&0%(-%(/05)%01K5)-1.01(7%-,(01%
B-)S516%*(%*%+)-'')-*A'%B/0)0%()*A5(5-1%*1A%+)*,(%.00(%511-K*(5-1%*1A%51A5K5A2*35(LC%%4L%
N)0'01(*(5-1%3--S'%*(%'-.0%-,%(/0'0%+-110+(5-1'7%(*S516%51(-%*++-21(%'/*)0A%*'N0+('%-,%+)*,(7%
()*A5(5-17%*1A%*0'(/0(5+'%&0(B001%,-3S%.2'5+%*1A%,-3SaK0)1*+23*)a'03,=(*26/(%*)(%51%(/0%!-2(/C%
$,)5+*1%)0(01(5-1'%*1A%'L1+)0(5+%)051(0)N)0(*(5-1'%*'%,-21A%51%$,)5+*1=$.0)5+*1%K0)1*+23*)%*)(%*1A%
.2'5+7%1-(*&3L%&320'%*1A%6-'N037%*)0%*AA)0''0AC%$3'-%0R*.510A%*)0%(/0%)-30'%-,%/-.0.*A0%
51'()2.01('%'2+/%*'%(/0%A5AA30L%&-B%*1A%(/-'0%B/-%.*S0%(/05)%-B1%51'()2.01('%'2+/%*'%
45''5''5NN5%&320'.*1%Z*.0'%T!2N0)%#/5S*1U%Z-/1'-17%B/-%+)0*(0'%625(*)'%-2(%-,%6*'-3510%+*1'm%
T#/5+*1(*)'Um*%,21+(5-1*3%(LN0%-,%A0+-)*(5K0%*)(%/0%&-(/%N3*L'%*1A%'033'C%%!N0+5*3%.01(5-1%5'%
65K01%(-%(/-'0%'03,=(*26/(%*)(5'('%B/-%B0)0%*3'-%.2'5+5*1'%&L%N)-,0''5-1%*1Aa-)%+*335167%51+32A516%
!5'(0)%[0)()2A0%4-)6*17%^0K0)01A%$1A0)'-1%Z-/1'-17%Z*.0'%T!-1U%@/-.*'7%F01)L%*1A%[0-)65*%
!N0330)7%*1A%F-B*)A%M51'(0)C!
;(7.(80&!63=7$%%$+!!A7(350)?7$(!U$-?)(0!1234$(530*+!!,@.9$5!):!07$!2#)0!3#4)0R!6.(3.2!.28!
6.98.%$2!,@.9$(*!32!07$!\<38.%)003IJ32<==323!A7.?$%%
E1%,-2)(001(/=+01(2)L%E(*3L7%5.*60'%-,%(/0%95)651%4*)L%*1A%4*)L%4*6A*301%&0+*.0%N-B0),23%
'L.&-3'%-,%+/*'(5(L%*1A%)0N01(*1+0%,-)%M)*1+5'+*1'%'00S516%(-%)0*+/%*1%5335(0)*(0%N2&35+C%%8/0(/0)%
K50B0A%*'%(/0%5A0*3%B-.*17%-)%(/0%'5110)%B/-%B*'/0A%#/)5'(\'%,00(%B5(/%/0)%(0*)'7%(/0%(B-%4*)L'%
0.0)60A%*'%(*165&30%.-A03'%-,%A035K0)*1+0%,)-.%(/0%'51,23%35,0C%%O0(7%5.*60'%-,%(/0'0%,0.*30%
'*51('%N)0'01(0A%*1%0K01%.-)0%5..0A5*(0%*1A%N-B0),23%.0''*60%(-%(/0%M)*1+5'+*1%,)5*)'%
(/0.'03K0'C%%@/0%95)651%4*)L%B*'%(/0%N0),0+(5-1%-,%B-.*1/--A7%(/0%4-(/0)%-,%#/)5'(%B/-%
'L.&-35Q0A%(/0%B*L%-,%511-+01+0C%%4*)L%4*6A*3017%35S0%(/05)%,-21A0)7%M)*1+5'%-,%$''5'57%)0V0+(0A%*%
35,0%-,%32R2)L%*1A%A0K-(0A%/0)'03,%(-%N)0*+/516%*1A%N01*1+0C%%@/5'%N*N0)%B533%A5'+2''%(/0%,)0'+-0'%
-,%(/0%[25A*3-((5=^512++515%#/*N03%*'%*%)0,30+(5-1%-,%M)*1+5'+*1%5A0*3'C%%g3*+0A%B5(/51%(/0%+-1(0R(%
-,%(/0%'*+)5'(L%-,%(/0%+/2)+/%-,%!*1(*%#)-+0%51%M3-)01+07%(/0%,)0'+-0'%,21+(5-10A%*'%*1%5.N-)(*1(%
'N5)5(2*3%&-)A0)%&0(B001%(/0%51B*)A=,*+516%+3-5'(0)%*1A%(/0%-2(B*)A=,*+516%+/2)+/7%0+/-516%(/0%
.5''5-1%-,%(/0%,)5*)'%(-%,-33-B%(/0!F+3*!8+Z3*7%-)%.5R0A%35,07%B/5+/%!(C%M)*1+5'%K50B0A%*'%(/0%N0),0+(%
215-1%-,%(/0%+-1(0.N3*(5K0%35,0%*1A%(/05)%*+(5K0%.5''5-1%*'%N)0*+/0)'%*1A%N)50'('C!
H.%%5&!/.(.7+!!1234$(530*!):!J3=7@)28+!!'7$!'73(50!07.0!C(34$5!A($.03)2R!!"(03503=!
A)25<@?03)2!):!,@.9$5!32!07$!C3930.%!L)(%8%
@/0%N)0=0R5'(516%5.*60%5'%*1%5.N-)(*1(%N*)(%-,%*)(5'(5+%+)0*(5-1C%%$)(5'('%016*60%*%)*160%-,%
5.*60)L7%,)-.%*)(B-)S'%&L%-(/0)%*)(5'('%(-%N/-(-6)*N/'%-,%0K0)LA*L%35,07%,-)%51'N5)*(5-1%-,%,-).%*1A%
+-1(01(C%%E1%-2)%.0A5*%A)5K017%5.*60%*&21A*1(%A*53L%35K0'7%/-B%/*K0%N*((0)1'%-,%'00S516%+/*160A%
,-)%*)(5'('`%%_-%(/0L%'00S%(/0%5..0A5*+L%-,%B0&%)0'-2)+0'%-)%+-1(5120%(-%&)-B'0%N)51(0A%
.*(0)5*3`%%_-%*)(5'('%N)0,0)%(/0%N/L'5+*3%(-%(/0%A565(*3`%
$'%*1%$)(%W5&)*)5*17%E%/*K0%*3B*L'%+-1'5A0)0A%(/0%N)-+0''%-,%5.*60%&)-B'516%51%(/0%*+Y25'5(5-1%
*1A%.*1*60.01(%-,%N)51(%.*(0)5*3'C%%E%/*K0%B*(+/0A%-2)%&-21A%V-2)1*3'%&0%A0=*++0''5-10A7%*1A%
&--S'%N2)+/*'0A%51%030+()-15+%,-).*('C% E%*.%+2)5-2'%5,%(/0%-)6*15Q*(5-1*3%N)*+(5+0'%-,%35&)*)50'%*1A%
(/0%B5A0'N)0*A%*K*53*&3L%-,%5.*60'%(/)-26/%'0*)+/%016510'%'2+/%*'%[--630%/*K0%*3(0)0A
'0*)+/516%/*&5('C% F*'%(/0%A0K03-N.01(%-,%80&%>C?%*1A%'-+5*3%10(B-)S516%&)-26/(%*&-2(%*%
A5,,0)01(%S51A%-,%51(0)*+(5-1%B5(/%(/0%5.*60%,-)%*)(5'('`%%@/)-26/%51,-).*3%51(0)K50B'%B5(/%K5'2*3%
*)(5'('7%E%B533%()*+S%5.*60='00S516%/*&5('%*1A%'00%B/*(%'0)01A5N5(L%0R5'('%,-)%(/0.%51%/56/3L%
-)6*15Q0A%+-330+(5-1'C!
H.(@$(&!F.@$5+!!S3(9323.!A)@@)2-$.%07!1234$(530*+! -#/51!*',6.575R!,2=.!>$0()9%*?75!
.28!,@?$(3.%!/0(.0$9*%
@/0%*1+501(%$1A0*1%'5(0%-,%@5N-1%5'%A-.51*(0A%&L%*%'0)50'%-,%03*&-)*(0%'(-10%(0))*+0'7%B*(0)%
+*1*3'%*1A%,-21(*51'%(/*(%,0A%,)0'/%'N)516%B*(0)%(-%(/0%'5(0C% !5(2*(0A%*3-16%(/0%'3-N0'%-,%(/0%
F2*(*1*L%^5K0)%9*330L%(/5)(001%.530'%0*'(%-,%#2Q+-7%*(%*1%*3(5(2A0%&0(B001%;>7???%*1A%;I7???%,(C7%
@5N-1%B*'%,5)'(%'0((30A%*'%0*)3L%*'%j??%#"%&L%0*)3L%N)0=E1+*%N0-N30'7%*1A%2'0A%&L%0K01%0*)350)%
1-.*A5+%*)+/*5+%N0-N30'%&*+S%(-%+*C%j???%P#"%,-)%+0)0.-15*3%N2)N-'0'C% @/0'0%0*)350'(%N0-N30'%
+*)K0A%*%'0)50'%-,%212'2*3%N0()-63LN/'%-1%*%3*)60%&-23A0)%-2(+)-N%-1%(/0%N0*S%-,%(/0%.-21(*51%
*&-K0%(/0%'5(07%S1-B1%*'%#)2Q.-Y-7%,)-.%B/5+/%0.0)60%(/0%'N)516'C% $)-21A%;J??%#"7%(/0%
"56/(/%E1+*%S516%E1+*%95)*+-+/*%+3*5.0A%@5N-1%,-)%(/0%)-L*3%,*.53L%*1A%+-1K0)(0A%5(%(-%*%)-L*3%E1+*%
0'(*(07%515(5*(516%+-1'()2+(5-1%-,%(/0%03*&-)*(0%B*(0)%'L'(0.C% E1'(0*A%-,%.0)03L%'0)K516%(/0%
N)*+(5+*3%100A%(-%'2NN3L%B*(0)%(-%(/0%'5(0%,-)%'2&'5'(01+0%N2)N-'0'7%(/5'%N)0'01(*(5-1%*)620'%(/*(%
(/0%N/L'5+*3%*NN)-N)5*(5-1%-,%(/0%'5(0%*1A%(/0%#)2Q.-Y-%N0()-63LN/'7%*3)0*AL%/03A%'*+)0A%&L%
0*)350)7%1-1=E1+*%N0-N30'7%A0.-1'()*(0A%*%'N0+5,5+%(*+(5+%-,%E1+*%5.N0)5*3%'()*(06L7%'L.&-35+*33L%
*''-+5*(516%@5N-1%B5(/%E1+*%+-'.-3-6L%*1A%3065(5.5Q516%E1+*%5.N0)5*3%0RN*1'5-1C!
H.(E32&!6$83.+!!A30*!1234$(530*!):!U$-!T)(Q+!!C)=<@$205!:()@!07$!1/!;5?3)2.9$!C$2R!
'7($$!J$0(3$4.%5!):!07$!,(.23.2!N)50.9$!A(3535%
E1%D-K0.&0)%;n<n7%30''%(/*1%*%L0*)%*,(0)%(/0%E'3*.5+%)0K-32(5-1%-,%E)*17%'(2A01('%-++2N50A%(/0%]!%
".&*''L%51%@0/)*1%*1A%/03A%f>%0.N3-L00'%/-'(*60%,-)%JJJ%A*L'C%%4*612.%N/-(-6)*N/0)%[5330'%
g0)0''%B*'%(/0)0%(-%+-K0)%(/0%0K01('C%%F5'%N/-(-6)*N/'%B0)0%N2&35'/0A%51%;nrJ%*'!H&.&Z!S'*$[!S$!
3)&!I*8&!#%!3)&!C&F#.;3+#$7%+*N(5-10A%B5(/%(030R%.0''*60'%(0'(5,L516%(-%/5'%V-2)1*35'(5+%.5''5-1C%
E1%;nnf7%(/0%E)*15*1%6-K0)1.01(%N2&35'/0A%(/0%'0)50'!-#(;8&$34!%'#8!3)&!D:!?4E+#$*7&!-&$7%
)030*'516%10B'%N/-(-6)*N/'%-,%(/0%0K01(%*3-16'5A0%'/)0AA0A%+3*''5,50A%N*N0)'%(/*(%/*A%&001%
)0+-K0)0A%,)-.%(/0%]!%".&*''L%*1A%)0*''0.&30AC%%E1%>??I7%(/0%*)(5'(%+-330+(5K0%!N0+23*(5K0%
$)+/5K0%51+-)N-)*(0A%(/0'0%A-+2.01('%51(-%(/05)%,53.!S3R4!I#3!<5!<&8#'5!#%!S3,!H)'&&!C&(#..&(3&/!
-#(;8&$347%*%'(2AL%-,%0'N5-1*60%*'%*%.-A0%-,%S1-B30A60%N)-A2+(5-1C%
@/5'%N*N0)%0R*.510'%(/0%+-1'()2+(5-1%-,%.0*1516%51%A-+2.01('%-,%'-+5*3%+)5'5'c%51%-)A0)%(-%'00%
/-B%(/0%N/-(-6)*N/\'%51A0R5+*35(L%5'%()*1',-).0A%*'%5(%)0351Y25'/0'%+3*5.'%(-%-&V0+(5K5(LC%%$'%(/0%
A-+2.01(%5'%'2&V0+(5K03L%)0+-1(0R(2*35Q0A7%5(%*+S1-B30A60'%*1A%.*15N23*(0'%5('%+-1(51601+L%G*1A%
5('%*2A501+0'H7%&0+-.516%*!8#$;8&$3%B5(/51%*%M-2+*23A5*1%*)+/5K0C%%!5301+0A%*'%F5'(-)L%N)-N0)7%
5(%'2660'('%10B%)030K*1+0%*'%*%+-21(0)=1*))*(5K0%(-%A5'N*)*(0%A5'+-2)'0'%-,%N-B0)C!
H.<%Q$5&!;4$+!!L$50!S3(9323.!1234$(530*+! C$5392!'307329%
E1%(/0%L0*)%>???7%N)-.5101(%A0'5610)'%)010B0A%(/0%.*15,0'(-%N)-.5'516%(-%2'0%(/05)%(*301('%,-)%
(/0%+23(2)*3%6--Al&0L-1A%N)-.-(5-1%-,%(/0%'*30%-,%(--(/N*'(0C%%E1%>??f7%(/0%]15(0A%D*(5-1'%
453301152.%#*.N*561%'0(%056/(%6-*3'%(-B*)A%(/0%N2)N-'0%-,%01A516%0R()0.0%N-K0)(L%&L%(/0%L0*)%
>?;fC%%[-*3%'0K01%B*'%(-%01'2)0%01K5)-1.01(*3%'2'(*51*&535(LC%%$'%6)*N/5+%A0'5610)'%*1A%K5'2*3%
+-..215+*(-)'7%B0%-,(01%K50B%51(5.*(03L%(/0%2NN0)%+3*''%N)5-)5(50'%B/5+/%0R5'(%51%&2'510''%*1A%51%
6-K0)1.01(C%%80%/*K0%A5K0)'0%01-26/%+3501('%(-%'00%/-B%51(0)+-110+(0A%5''20'%*,,0+(%-2)%
N-N23*(5-1C%
@/2'7%A0'5610)'%*)0%51%(/0%N-'5(5-1%-,%/*K516%5A0*'%*&-2(%B/*(%+*1%/03N%'-.0%-,%(/0'0%N)-&30.'%
*1A%*)0%*3'-%51%(/0%)0'0*)+/%*1A%+)0*(5K0%&2'510''C%%E,%B0%*)0%1-(%*.-16%(/0%)5+/%51%.*(0)5*3
6--A'7%B0%*)0%*.-16%(/0%B033%-,,%51%+)0*(5K0%65,('%*1A%+-1(*+('C%%E(%5'%51+2.&01(%2N-1%2'%(-%65K0%
&*+S%(-%-2)%+-..215(50'%*1A%(-%/03N%N)-(0+(%*1A%'0+2)0%'*,0(L%*1A%-NN-)(215(L%,-)%(/-'0%30''%
,-)(21*(0C%%@01%N0)+01(%-,%-2)%(5.0%*1A%+)0*(5K0%010)6L%5'%*%'2660'(5-1%,-)%N)-.-(516%+/*160%,-)%
(/0%&0((0)%51%(/5'%+-21()LC%%g-(01(5*3%B*L'%(-%A-%(/5'%B533%&0%N)-N-'0A%51%(/5'%N*N0)C!
H32=7&!F<%3.+!!1234$(530*!):!>3005#<(97+!!'7$!T)<29!S3(932!J$.85R!!;8<=.03)2!,@.9$(*!32!
6$83$4.%!A)20$D05%
@/0%95)651%*'%)0*A0)%5'%*%+-..-1%.-(5,%51%.0A50K*3%$1121+5*(5-1%5.*60)LC%%W0''%,)0Y201(%*)0%
A0N5+(5-1'%-,%(/0%"A2+*(5-1%-,%(/0%95)6517%51%B/5+/%-10%,51A'%(/0%L-216%95)651%016*6516%B5(/%
&--S'C%%:,(017%(/0%L-216%95)651%*'%)0*A0)%*++-.N*150'%5.*60'%-,%!*51(%$1107%(0'(5,L516%(-%$110\'%
A2(5,23%A5''0.51*(5-1%-,%S1-B30A60%*'%.-(/0)%*1A%.*()5*)+/%-,%#/)5'(\'%0*)(/3L%3510*60C%%E1%,*)%
,0B0)%5.*60'7%(/0%95)651%5'%A0N5+(0A%51%*%+3*'')--.%'0((5167%*1A7%51%-13L%-10%51'(*1+0%(/*(%E%*.%
*B*)0%-,7%'/0%5'%&0516%0A2+*(0A%&L%*%.*30%'+/--3(0*+/0)%51%(/0%N)0'01+0%-,%.*30%N2N53'%B5(/%1-%
-(/0)%,0.*30'%N)0'01(C%%@/0'0%5.*60'7%(/-26/%51,)0Y201(7%51A5+*(0%(/*(%(/0%'(*(2'%-,%(/0%L-2167%
,0.*30%.0A50K*3%'(2A01(%.*L%/*K0%&001%0Y2*3%(-%(/*(%-,%/0)%.*30%+-21(0)N*)('7%*(%30*'(%2N%(-%*%
+0)(*51%*60C%%W-+*(0A%51%N2&35+%*1A%N)5K*(0%+-1(0R('7%B/*(%A5A%(/0'0%5.*60'%+-..215+*(0%(-%(/05)%
.0A50K*3%*2A501+0%*&-2(%-NN-)(215(50'%,-)%L-216%65)3'%51%(/0%.0A50K*3%0A2+*(5-1*3%'L'(0.`%%@/5'%
N*N0)%B533%N)0'01(%(/0%'(*(2'%-,%.L%-16-516%A5''0)(*(5-1%)0'0*)+/%-1%(/0%)-30%-,%,0.*30%T)0*A516%
5.*60'U%51%+-..215(50'%-,%.0A50K*3%)0*A0)'7%,-+2'516%-1%M)01+/%*1A%[0).*1%.*12'+)5N(%
5332.51*(5-17%*1A%(/0%"A2+*(5-1%-,%(/0%95)651%N*103%51%(/0%'(*510A%63*''%*(%#/*)()0'C!
H357$(&!G3%%+!!\$)(93.!A)%%$9$!i!/0.0$!1234$(530*+!!'N,/!,/!"!';m']-)(85!32!0))%Q30%
bE%-,(01%A0'+)5&0%A0+-1'()2+(5-1%*'%'-.0(/516%B/5+/%/*NN01'C% E(v'%1-(%N2)03L%351625'(5+7%51K-3K516%
(0R(%-)%&--S'C% O-2%+*1%A0+-1'()2+(%60'(2)0'7%+/-)0-6)*N/LC% @/*(v'%B/L%E%013*)60A%(/0%+-1+0N(%
-,%(0R(C%%"K0)L(/516%5'%*%(0R(q%(/5'%5'%*%(0R(7\%/0%'*5A7%B*K516%/5'%*).%*(%(/0%A510)'%*)-21A%
/5.s&35(/03L%N5+S516%*(%(/05)%321+/0'7%+-.N30(03L%21*B*)0%(/*(%(/0L%B0)0%&0516%{A0+-1'()2+(0AC\b%
_515(5*%!.5(/7%51(0)K50B%B5(/%Z*+Y20'%_0))5A*7%;nnrC%
8)5((01%(0R(%*1A%5.*60)L%*)0%-10%51%(/0%'*.0%51%(/5'%51'(*1+07%(/05)%)030K*1+0%,-21A%51%(/*(%
T'-.0(/516%B/5+/%/*NN01'U%(-%K5'2*3%.*(0)5*3C%%M-)%(/0%016*60A%)0*A0)aK50B0)7%(/0%K053'%*NN0*)%
*1A%*)0%35,(0A7%(/0%-15-1%5'%'001%*'%5('%+-.N-'5(0%3*L0)'%-,%.0*1516%*1A%)030K*1+0C%%M-)%(/0%
*+(-)a*)(5'(7%N0)/*N'%(/5'%T'-.0(/516U%5'%51%(/0%*''2.516%-,%(/0%)-30%-,%*)+/5(0+(7%V26630)%-)%+2)*(-)%
-,%'5615,50)'C% M-+2'%B533%&0%-1%(/0%6)*N/5+%'L1(/0'5'%-,%(0R(%*1A%5.*60)L7%*NN)-N)5*(5-1%*1A%
)0+-1(0R(2*35Q5167%*1A%(/0%N0)'-1*3%*'%N)-N*6*1A*C!
H30E?.0(3=Q&!'(.=*!/=7?$()+! ><(=7.5$!A)%%$9$&!/1UT+!!;%%$2!C.*!N.%$R!>.320329!07$!/$%:&!
H.573)2329!,8$2030*%
E1%(/0%.5A=;rr?'7%"3301%_*L%F*30%N*51(0A%*%N5-100)516%'03,%N-)()*5(C%%g-'0A%/*3,=3016(/7%A)0''0A%51%
&3*+S7%*1A%A)*N0A%B5(/%*1%-'()5+/%,0*(/0)%&-*7%'/0%6*Q0'%+-1,5A01(3L%*(%(/0%K50B0)C% !2+/%&-3A%
)0N)0'01(*(5-1'%-,%B-.01%B0)0%-1%(/0%)5'0%51%(/0%;rr?'7%&2(%B-.01%)*)03L7%5,%0K0)7%)0N)0'01(0A!
3)&84&.F&4%*'%F*30%A5Al%3--S516%'()-163L%*(%(/0%K50B0)%B5(/-2(%(/0%(--3'%-,%/0)%()*A07%*11-21+516%
/0)%*)(5'()L%&L%N-'5(5-1516%/0)'03,%*'%*%,3|102'C%%$%()*1'6)0''5K0%60'(2)07%F*30\'%+*1K*'%)0+05K0A%
+)5(5+*3%*((01(5-1%B/01%5(%*NN0*)0A%-1%(/0%+-K0)%-,%X5)'(01%!B51(/\'%>??;!6*+$3+$7!6'#%&44+#$*.4%
*1A%N-N23*)%*((01(5-1%B/530%()*K03516%B5(/%(/0!28&'+(*$4!+$!6*'+4%0R/5&5(5-1%51%>??j=>??<C%%8/530%
5('%+)5(5+*3%)-30%B5(/51%(/0%/5'(-)L%-,%[53A0A%$60%'03,=N-)()*5(2)0%5'%21.5'(*S*&307%'+/-3*)'/5N%-1%(/0%
N*51(516%5'%&*'0A%-1%0))-)'%(/*(%N3*+0%(/0%+*1K*'%*'%/*K516%&001%0R0+2(0A%*(%(/0%$+*Ap.50%
Z235*1%51%g*)5'%51%;rrf%*1A%(/01%0R/5&5(0A%*(%(/0%g*)5'%!*3-1C%%]'516%/0)%30((0)'%(-%,*.53L%*1A
,)501A'7%(/5'%N*N0)%B533%N)-K5A0%,*+('%'2))-21A516%(/0%'03,=N-)()*5(\'%0R0+2(5-1%*1A%0R/5&5(5-1C%%E(%B533%
*3'-%A0.-1'()*(0%/-B%F*30\'%6-*3%(-%0R/5&5(%(/0%'03,=N-)()*5(%*(%(/0%!*3-1%B*'%A0)*530A%&L%*1%
*(0350)%'L'(0.%(/*(%-,,0)0A%51K*32*&30%()*51516%,-)%B-.01%&2(%B*'%21N)0N*)0A%,-)%/0)%
()*1'6)0''5K0%*NN)-*+/C!
H%$@329&!"%35)2!A+!!L3250)2I/.%$@!/0.0$!1234$(530*+!!'7$!ZJ)@.2I2$55Z!):!8)9!:;10)#,(!5<!
=5>5$0?(!2#(#51!0)!=0!8)5')0!32!;.(%*!F$5<30!,@.9$5%
$'%(/0%!-+50(L%-,%Z0'2'%01(0)'%5('%'5R(/%A0+*A0%-,%0R5'(01+07%5332'()*(5-1'%-,%!(C%E61*(52'%-,%
W-L-3*v'%95'5-1%*(%W*%!(-)(*%&0651%(-%*NN0*)%B5(/%,)0Y201+LC% @/0%0*)350'(%)0N)0'01(*(5-1'%-++2)%
*'%N)51(0A%5.*60'%(/*(%*++-.N*1L%&5-6)*N/50'%-,%E61*(52'7%3*)603L%N)-A2+0A%51%(/0%L0*)'%
'2))-21A516%/5'%;j?n%&0*(5,5+*(5-1C%$,(0)%/5'%+*1-15Q*(5-1%51%;j>>%(/0%'+010%5'%'5(2*(0A%
51+)0*'5163L%-K0)%(/0%/56/%*3(*)%-,%.*1L%Z0'25(%+/2)+/0'7%51+32A516%!*1(vE61*Q5-%51%^-.0C% @/5'%
)0,30+('%(/0%,*+(%(/*(%(/0%'+010%)03*(0'%A5)0+(3L%(-%(/0%0'(*&35'/.01(7%1*.516%*1A%.5''5-1%-,%(/0%
Z0'25(%-)A0)C% 8/530%(/0)0%*)0%'(*1A*)A%5+-1-6)*N/5+%*1A%1*))*(5K0%*'N0+('%-,%(/0%'+0107%(/0)0%5'%
6)0*(%A5K0)'5(L%51%+-.N-'5(5-17%'0((516%*1A%.L)5*A%A0(*53'C% E1%(/0%0*)350'(%N)51('%(/0%^-.*1%'0((516%
5'%0RN35+5(%*1A%21.5'(*S*&30q%L0(7%*'%(/0%'+010%5'%.-)0%*1A%.-)0%,)0Y201(3L%'0(%B5(/51%(/0%51(0)5-)%
-,%(/0%#/*N03%*(%W*%!(-)(*7%(/0%^-.*1%*'N0+('%G'2+/%*'%(/0%#*'(03%!*1(v$1603-%-1%(/0%/-)5Q-1H%
*)0%-++*'5-1*33L%-.5((0AC% 8/L%A-0'%(/5'%/*NN01`% $1A7%B/*(%5'%(/0%'5615,5+*1+0`% @/0%*1'B0)'7%
*1A%(/0%'N0+5,5+*33L%b^-.*1b%*'N0+('%-,%(/0%'+010%*'%A0N5+(0A%51%'0K01(001(/=+01(2)L%N)51('7%
,)0'+-0'%*1A%-(/0)%N*51(516'7%B533%&0%(/0%,-+2'%-,%(/5'%N*N0)C!
H)20.2.&!"207)2*+!!G)-%329!\($$2!/0.0$!1234$(530*+!!"(0!X+lR! G$0.!'$50329!A)%%.#)(.034$!
"(0!32!.!S3(0<.%!L)(%8%
E%/*K0%&001%+)0*(516%*)(B-)S'%51%!0+-1A%W5,0%'51+0%>??fC%%"*+/%&-AL%-,%B-)S%/*'%)0350A%.-)0%*1A%
.-)0%-1%{51=B-)3A\%*0'(/0(5+'7%+*N*&535(50'7%*1A%*2A501+0C%%E1%*%K5)(2*3%B-)3A7%B/0)0%0*+/%)0'5A01(%
/*'%(/0%*&535(L%(-%T&253A%*1A%-B1%(/05)%B-)3AU7%B/0)0%A-0'%*)(%,5(%51`%%@/0)0%*)0%(/)00%N0)+05K0A%*)(%
0RN0)501+0'%51%!0+-1A%W5,0C%%@/0%,5)'(%5'%)0+)0*(5-1%-,%(/0%)0*3q%.5.5+)L%(-%(/0%N-51(%(/*(%*%B-)S%-,%
*)(%.*L%&0%N2)+/*'0A7%(*S01%/-.07%*1A%/216%*&-K0%*%K5)(2*3%+-2+/C%%@/0%'0+-1A%5'%(/*(%-,%*%
N0),-).*1+0%-)%/*NN01516%51%B/5+/%(/0%*2A501+0%*1A%0RN0)501+0%&0+-.0%N*)(%-,%(/0%*)(B-)SC%
@/0%(/5)A%5'%(/*(%B/5+/%5'%&253(%&L%&-(/%(/0%*)(5'(%*1A%(/0%*2A501+0C%%80&%>C?=(LN0%+-33*&-)*(5-1'%
*1A%+-..-1%'N*+0%N00)%N)-A2+(5-1%*)0%*)62*&3L%(/0%.-'(%5.N-)(*1(%N/01-.01-1%/*NN01516%51%
!0+-1A%W5,0%-)%-1%(/0%51(0)10(C%%:10%6--A%0R*.N30%B-23A%&0%4*+/515.*7%-)%.*+/510=+510.*7%51%
B/5+/%A5)0+(-)%*1A%*+(-)'%.2'(%B-)S%(-60(/0)%(-%+)0*(0%*%1*))*(5K0C%%E1%.L%-B1%)0+01(%B-)S7%E%'00S%
(-%016*60%)0'5A01('%51(0)*+(5K03L7%*33-B516%(/0.%(-%*AA%(-%(/0%B-)S%E%/*K0%'(*)(0AC%%F-B%(/5'%
*,,0+('%.0*15167%B/-%T-B1'U%(/0%B-)S7%*1A%/-B%(/0%+-33*&-)*(5-1%&0(B001%*)(5'(%*1A%*2A501+0%5'%
K*320A%)0.*51%K5(*3%Y20'(5-1'C!
H)D&!C3.2$+!!'7$!1234$(530*!):!'$22$55$$&!P2)D43%%$+!!"(03:3=3.%!B.285=.?$5R!G$0-$$2!07$!
J$.%!.28!07$!,@.932$8%
E1%;rrn%#*)3%$S030L%+)0*(0A%(/0%,5)'(%1*(2)*3%/*&5(*(%A5-)*.*7%'0((516%(/0%'(*1A*)A%,-)%.2'02.%
0R/5&5(%(0+/15Y20'C%%$S030L\'%51K01(5-1%-,%*%10B%*1A%03*&-)*(0%.0(/-A%-,%(*R5A0).L%&)-26/(%(/0%
'(2,,0A%*15.*3%(-%*%30K03%-,%)0*35'.%10K0)%&0,-)0%0RN0)501+0AC%%#-2N30A%B5(/%(/0%.0(5+23-2'%
+-330+(5-1%-,%N3*1('%*1A%*15.*3'%51%(/0%,503A%*1A%)56-)-2'%A5'N3*L%.0(/-A'%2'0A%B/01%(/0%(0*.%
)0(2)10A7%(/0'0%(*R5A0).50A%*15.*3'%*NN0*)0A%(-%&)0*(/0%35,0%B5(/51%(/05)%)0+-1'()2+(0A%
3*1A'+*N0C%%@/-26/%B0%.*L K50B%(/05)%.0(/-A'%*'%&*)&*)5+7%$S030L%*1A%/5'%+-.N*15-1'%'*B%
(/0.'03K0'%*'%'*K5-)'%-,%(/0%01K5)-1.01(C%%@/)-26/%(/05)%.2'02.%A5'N3*L'7%(/0L%B5'/0A%(-%&)516%
(/05)%*NN)0+5*(5-1%,-)%(/0%3*1A%(-%(/0%.*''0'%*1A%N0)'2*A0%(/0.%(-%N)-(0+(%(/0%01K5)-1.01(C%
g0-N30%+-23A%1-(%()*K03%*'%B0%A-%1-B7%1-)%A5A%(030K5'5-1%&)516%5.*60'%-,%-(/0)%B-)3A'%51(-%(/05)%
35K516%)--.'C%%E1%+)0*(516%*%/LN0)%)0*35(L%B5(/51%0*+/%A5'N3*L%+*'07%.2'02.=6-0)'%0RN0)501+0A%*%
+-110+(5-1%(-%(/0%1*(2)*3%01K5)-1.01(%-(/0)B5'0%51*++0''5&30C
@/5'%N*N0)%B533%A5'+2''%$S030L\'%A5-)*.*'%*1A%*%K*)50(L%-,%+-1(0.N-)*)L%*)(5'('%B/-%/*K0%
N/-(-6)*N/0A%A5-)*.*'%-)%+)0*(0A%(/05)%-B1%*)(5,5+5*3%3*1A'+*N0'C%%@/0'0%5.*60'%+-..01(%-1%
(/0%3510'%B0%B*3S%&0(B001%,*+(%*1A%,5+(5-17%35,0%*1A%A0*(/%*1A%*'S%(/0%K50B0)%(-%Y20'(5-1%-2)%-B1%
'01'0%-,%)0*35(LC!
H(.0$5&!J$#$==.!.28!'30<5&!6.(*!F)!b^)320!?($5$20$(5c&!!1234$(530*!):!U)(07!C.Q)0.+!!"(0!
A)%%$=03)2!A>J!'(.32329%
@/0%]15K0)'5(L%-,%D-)(/%_*S-(*\'%*)(%+-330+(5-1%/*'%65K01%2'%*1%-NN-)(215(L%,-)%.2'02.%'(2A50'%
()*51516%*'%6)*A2*(0%'(2A01('C% $3(/-26/%B0%,003%,-)(21*(0%(-%&0%*%N*)(%-,%*%10(B-)S%-,%51A5K5A2*3'%
(*S516%-1%(/0%.5''5-1%(-%N)0'0)K0%*1A%01/*1+0%(/0%+-330+(5-17%(/0%+5)+2.'(*1+0'%21A0)%B/5+/%B0%
,21+(5-1%51K-3K0%.*1L%N)-&30.%*)0*'%51%)06*)A%(-%'0+2)5(L7%*)(%+-1'0)K*(5-17%*1A%A-+2.01(*(5-1C%
8/530%(/5'%01A0*K-)%5'%.23(5,*+0(0A%B0%.2'(%N)5-)5(5Q0%-2)%0,,-)('%51%-)A0)%(-%&)516%6)0*(0)%*((01(5-1%
(-%(/0%5''20'%B0%,*+0C% @/5'%51+32A0'%3-+*(516%*)(B-)S'7%.*1L%B/5+/%B0)0%,)003L%'+*((0)0A%G*1A%
'-.0(5.0'%51,-).*33L%0R+/*160AH%*)-21A%+*.N2'%B5(/%35((30%)06*)A%(-%(/05)%51K01(-)L%'(*(2'%*1A%
N)-N0)%+*)0C%]1,-)(21*(03L7%A20%(-%210K01%N)-,0''5-1*3%'(*1A*)A'7%B0%-,(01%,51A%-2)'03K0'%()L516%
(-%)0K5(*35Q07%)0V2K01*(0%-)%0R(01A%(/0%35,0%-,%B-)S'%-,%*)(%(/*(%/*K0%&001%()0*(0A%B5(/%35((30%)06*)A%
,-)%3-160K5(LC%
$'%6)*A2*(0%'(2A01('7%B0%/*K0%2'0A%-2)%*)0*'%-,%+-1+01()*(5-1%(-%'0)K0%(/0%+-330+(5-1\'%100A'C%
$'%*%N/-(-6)*N/0)%*1A%*%6)*N/5+%A0'5610)7%B0%/*K0%/*A%*%.*V-)%)-30%51%(/0%5.N30.01(*(5-1%-,%
N2&35+*(5-1'%)03*(0A%(-%]D_%$)(%#-330+(5-1'7%51+32A516%*%I??=N*60%+*(*3-6%-1%$.0)5+*1%E1A5*1%*)(7%
B/5+/%5'%+2))01(3L%51%N)-A2+(5-1C% @/0'0%N)-,0''5-1*3%)0'N-1'5&535(50'%0R(01A%-2)%'(2A01(%
0RN0)501+0'%&0L-1A%N)*+(5+516%0R0)+5'0'C!
H([email protected]&!G(.8+!!A)%<@#3.!A)%%$9$+! @A"!!B-+&!@5,'10$!5<!A')#()(C!"55D(E!.28!,05!
07!
J$%.03)2573?!0)!"(0350!><#%3=.03)25!32!07$!;.(%*I638!Xl! A$20<(*%
$'%,-21A0)%*1A%0A5(-)%-,!92U7%E%B533%A5'+2''%/-B%(/0%+-1+0N(%*1A%5.*60)L%-,!92U!W!H)&!9#;'$*.!#%!
2'3+434\!U##=4%)03*(0'%(-%(/0%51A0N01A01(%*)(5'('\%N2&35+*(5-1'%51%(/0%0*)3L%(-%.5A%>?(/%+01(2)L%
GM2(2)5'('%*1A%&0L-1AHC! 92U%B*'%,-21A0A%51%;nnJ%(-%)*5'0%(/0%30K03%-,%+)5(5+*3%51Y25)L%51(-%*)(5'('v%
&--S'%(/)-26/%'+/-3*)3L%*)(5+30'7%51(0)K50B'7%)0K50B'%-,%&--S'7%*1A%B5(/%*1%*+(5K0%*)(5'(5+%
016*60.01(%B5(/%(/5'%51(0)A5'+5N351*)L%.0A52.C!
H(3$8%.28$(&!F)2.07.2+!!1234$(530*!):!A.%3:)(23.&!B)5!"29$%$5+!!'.%$5!):!07$!,@.932.03)2R!
B))Q329!.0!J$?($5$20.03)25!):!07$!6388%$!;.50!32!"@$(3=.2!>)?<%.(!A<%0<($!
C,C!UK'!>J;/;U'!
H<%0)2&!A7(350)?7$(+!!1234$(530*!):!B)<3543%%$+!!/3a<$3()5M5!"?)=.%*?03=!B.285=.?$5%
@/)-26/-2(%/5'%+*)00)7%40R5+*1%.2)*35'(%_*K5A%$3,*)-%!5Y205)-'%+/*.N5-10A%*%)*A5+*3%N-35(5+'%*1A%
+-1'(*1(3L%N3*+0A%/5.'03,%51%(/0%+01(0)%-,%+-1()-K0)'LC%%F5'%4*)R5'(=W01515'(%&0350,'%30A%/5.%(-%
N)-A2+0%2N35,(516%5.*60'%-,%(/0%)0K-32(5-1*)L%N)-30(*)5*(%*1A%5('%'()26630%B5(/%+*N5(*35'.%*1A%
5.N0)5*35'.C%%W0''%B033%S1-B1%*)0%/5'%*N-+*3LN(5+%3*1A'+*N0'c%(0))5(-)50'%)*K*60A%&L%+*(*+3L'.5+%
,-)+0'7%'+010)50'%,5330A%B5(/%/2.*1%+-1,35+(7%60-6)*N/50'%&0'0(%&L%1*(2)*3%A5'*'(0)C%%@/0'0%
+-1'(5(2(0%*%A5'(51+(%601)0%B5(/51%!5Y205)-'\%-02K)0%*1A%'/*)N3L%+-1()*'(%B5(/%/5'%N2&35+%.2)*3'C%
@/0L%*)0%51(5.*(0%51%'+*307%21/0)-5+%51%(/0.07%A*)S%*1A%.--AL7%*1A%N*51(0A%*3.-'(%01(5)03L%B5(/%
0RN0)5.01(*3%.*(0)5*3'%*1A%(0+/15Y20'C
@/5'%N*N0)%0R*.510'%(/5'%T210RN0+(0AU%601)0%51%!5Y205)-'\%*)(C%%E(%5'%*)620A%(/*(%(/0%3*1A'+*N0'%
*)0%1-(%'5.N3L%N)5K*(0%0RN3-)*(5-1'7%1-)%'2AA01%0)2N(5-1'%-,%(/0%)0N)0''0A%B5(/51%(/0%*)(5'(\'%
N0)'-1*35(L7%&2(%*)0%51(06)*3%(-%/5'%*)(5'(5+%N)-V0+(%*1A%A5*30+(5+*33L%)03*(0A%(-%/5'%N-35(5+*3%.2)*3'C!
\.88*&!J.*@)28+!!1234$(530*!):!U)(07!H%)(38.+!!6.0$(3.%5!.28!6$07)85!32!6$83$4.%!"(0%
$'%.*12,*+(2)516%*1A%/-.-6015Q*(5-1%-,%*)(5'(%.*(0)5*3'%/*'%&0+-.0%'(*1A*)A%(/0)0%'00.'%(-%
/*K0%&001%*%+-))03*(516%51+)0*'0%51%(/0%51(0)0'(%-,%T()*A5(5-1*3U%.0(/-A'%-,%.*(0)5*3'%*1A%*)(%
.*S516C%%@/5'%N*N0)%0RN3-)0'%(/0%2'0%-,%.0A50K*3%.0(/-A'%51%(/0%+-1(0.N-)*)L%+3*'')--.C%%E%*.%
+2))01(3L%(0*+/516%*%+3*''%01(5(30A%4*(0)5*3'%*1A%40(/-A'%-,%40A50K*3%$)(%*(%(/0%]15K0)'5(L%-,%
D-)(/%M3-)5A*C%%E1%(/5'%+3*''%B0%0RN3-)0%*33%*'N0+('%-,%(/0%.0A50K*3%B-)S'/-N%'(*)(516%B5(/%(/0%
+/-5+0%-,%N*103%(-%N*51(%-1%(/)-26/%(/0%.5R516%-,%60''-%*1A%N*51(%(-%+-.N30(5-1%-,%'0K0)*3%B-)S'C%
@/5'%30+(2)07%'2NN-)(0A%&L%5.*60'7%B533%+-K0)%(/0'0%N)-+0''0'%*1A%(/0%'(2A01(\'%A0K03-N.01(%
2'516%(/0'0%N)-+0''0'C%%@/0%30+(2)0%B533%*3'-%+-K0)%(/0%'(2A01(\'%)0*+(5-1%(-%(/0%N)-+0''0'%
30*)10A%51%+3*''%*1A%/-B%(/0L%B0)0%2(535Q0A%51%(/05)%-B1%B-)SC%%!-.0%-,%(/5'%B-)S%*1A%(/0%+3*''\'%
A0K03-N.01(%+*1%&0%'001%-1%BBBC5+-1'*1A*3(*)N50+0'C+-.C!
\.2^$&!B<=*+!!1234$(530*!):!U)(07!C.Q)0.+!!6.(Q$0329!07$!/.=($8R!!15329!"@$(3=.2!,283.2!
A<%0<(.%!,@.9$(*!.5!A)@@)830*!"(0%
D*(5K0%$.0)5+*1%5.*60)L%/*'%3-16%&001%2'0A%(-%'033%N)-A2+('%G,)-.%&00)%(-%(-L'H7%*1A%*'%*%
&)*1A516%A0K5+0%,-)%'N-)('C%%@/5'%.*)S0(516%'()*(06L%*33-B'%1-1=E1A5*1%$.0)5+*1'%(-%+3*5.%*%
/5'(-)L%*1A%5A01(5(L7%B/530%0.N3-L516%(/05)%-B1%5A0*'%-,%TE1A5*110''CU%%$3(/-26/%(/0)0%*)0%-K0)%f??%
E1A5*1%()5&0'%51%(/0%]C!C7%(/0%,*1(*'L%-,%T&0516%E1A5*1U%,-)%.-'(%D-1=E1A5*1%N0-N30%5'%01K5'5-10A%*'%
&0516%T!5-2RCU%%@/0%)-.*1(5+%N5+(2)0'%+-1'5'(%-,%)5A516%N*51(0A%/-)'0'7%B0*)516%3-16%B*)%&-110('7%
0(+C%%@/0%W*S-(*7%_*S-(*%*1A%D*S-(*%N0-N30%G!5-2RH%B0)0%/5'(-)5+*33L%K50B0A%51%(/5'%B*LC%%8/01%
(/0%]C!C%[-K0)1.01(%51K*A0A%(/05)%3*1A'%*1A%N)-+00A0A%(-%-2(3*B%(/05)%)03565-1%*1A%3*162*607%
(/0%()5&0\'%)0'5'(*1+0%0*)10A%(/0.%(/0%TB*)35S0U%3*&03C%%[5K01%*33%(/*(%E1A5*1%N0-N30%/*K0%3-'(7%5(%
B-23A%'00.%(/0)0%B0)0%,0B%N-''0''5-1'%30,(%(/*(%B/5(0%$.0)5+*%B-23A%+-K0(C%%P2(%*)62*&3L%-10%-,%
(/0%.-'(%5.N-)(*1(%*'N0+('%-,%D*(5K0%$.0)5+*1%+23(2)0%B*'%L0(%(-%&0%*NN)-N)5*(0Am(/05)%5.*60%
*1A%(/05)%5A01(5(LC%
@/5'%N*N0)%0R*.510'%/-B%-10%-,%(/0%1-)(/0)1=.-'(%'(*(0'%-1%(/0%T[)0*(%g3*51'U%*1A%5('%T,3*6'/5NU%
51'(5(2(5-17%(/0%]15K0)'5(L%-,%D-)(/%_*S-(*7%2'0'%$.0)5+*1%E1A5*1%5.*60'%(-%+)0*(0%*1%5A01(5(L%*1A%
T&)*1AU%&253(%-1%+-1Y20'(%*1A%/5'(-)5+*3%)0K5'5-15'.C!
\.(0)2&!'$55.+!!A)%%$9$!):!A7.(%$50)2+!!/=<%?0<(.%!>()9(.@5!.28!L)(Q57)?!>(.=03=$5!32!
J)@.2$5a<$!>.%$2=3.&!/?.32%
@/0%)065-1%-,%1-)(/0)1%g*301+5*7%(-%(/0%1-)(/%-,%(/0%N536)5.*60%)-2(0%(-%!*1(5*6-%*1A%'-2(/%-,%(/0%
#*1(*&)5*1%.-21(*51'7%N)-&*&3L%+-1(*51'%(/0%6)0*(0'(%+-1+01()*(5-1%-,%B033=N)0'0)K0A%
^-.*10'Y20%+/2)+/0'%51%"2)-N0C%@/0%+/2)+/0'%*)0%)5+/3L%A0+-)*(0A%B5(/%/56/%Y2*35(L%'+23N(2)07%
-,(01%B5(/%212'2*3%*1A%0156.*(5+%5+-1-6)*N/LC%%!5.53*)5(50'%51%'(L307%*1A%(/0%,)0Y201(%)0N0(5(5-1%-,%
'(-+S%.-(5,'7%&-(/%51%,-35*60%A0+-)*(5-1%*1A%,562)*(5K0%5.*60)L7%'2660'(%(/0%N)-&*&535(L%-,%{.*''%
N)-A2+(5-1\%&L%*%N)-,0''5-1*3%B-)S'/-NC%@/0%'2)K5K*3%-,%*%3*)60%&-AL%-,%'+23N(2)07%&L%*%'51630%
B-)S'/-N%*1A%*(%.23(5N30%'5(0'7%N)-K5A0'%.-)0%+-.N30(0%0K5A01+0%-,%B-)S'/-N%N)*+(5+0'%(/*1%5'%
6010)*33L%*K*53*&30C%
4-'(%-,%(/0%'2)K5K516%&253A516'%*)0%'.*33%N*)5'/%+/2)+/0'7%*1A%(/0%N*()-1'%.*L%/*K0%&001%30''%
+-1+0)10A%B5(/%0'(*&35'/516%*%+-.N30R%5+-1-6)*N/5+*3%N)-6)*.%(/*1%B5(/%0.&0335'/516%(/0%+/2)+/C%
E1%'-.0%+*'0'%(/0%A0+-)*(5K0%'+23N(2)0%.*L%/*K0%&001%()*1'N-)(0A%)0*AL=.*A0%,)-.%(/0%
Y2*))50'7%B5(/%(/0%N*()-1%'5.N3L%-)A0)516%*%+0)(*51%12.&0)%-,%B51A-B'7%+*N5(*3'%*1A%+-)&03'C%@/0%
N-)()*5('%*1A%'561*(2)0'%-,%51A5K5A2*3%'+23N(-)'7%*'%B033%*'%(/0%2'0%-,%{'561*(2)0%N50+0'\%(-%A5'N3*L
K5)(2-'-%+*)K5167%'2660'(%(/*(%(/0%3*(0%(B03,(/%+01(2)L%'+23N(-)'%-,%1-)(/0)1%g*301+5*%/*A%*+/50K0A%
*%30K03%-,%N)-,0''5-1*35'.%B/5+/%*33-B0A%(/0.%(-%A0K03-N%(/05)%-B1%5.*60)L%&*'0A%-1%*0'(/0(5+%
+/-5+0'7%B5(/-2(%10+0''*)53L%&0516%+-1+0)10A%B5(/%5('%.-)*3%-)%)03565-2'%.0''*60C!
\.<073$(&!A7(350)?7$(!6+!!F.=Q5)2!/0.0$!1234$(530*+!!'7$!;073=5!.28!,@?.=0!):!
"??()?(3.03)2!.28!J$:$($2=329!32!A)25<@$(!A<%0<($%
#/*160'%51%5.*6516%(0+/1-3-6L7%(/0%51(06)*(5-1%-,%51(0)10(%2'*60%51(-%(/0%0K0)LA*L%0RN0)501+07%
*1A%-2)%+-1'2.0)%A)5K01%+23(2)0%/*'%+)0*(0A%*1%01K5)-1.01(%51%B/5+/%*NN)-N)5*(5-17%)0,0)01+5167%
*1A%N3*65*)5'.%/*K0%&0+-.0%.*V-)%5''20'%51%*)(%0A2+*(5-1C%%8/*(%,*+(-)'%5.N*+(%+2))01(%'(2A01('%
21A0)'(*1A516%-,%(/0%5''20'%-,%*NN)-N)5*(5-17%)0,0)01+516%*1A%N3*65*)5'.`%%E'%5(%N-''5&30%(/*(%
+2))01(%()01A'%51%*AK0)(5'5167%*1A%5('%N)-N01'5(L%(-%)02'0%*1A%)0+L+30%/*K0%0,,0+(0A%(/5'%
6010)*(5-1\'%N0)+0N(5-1%-,%B/*(%5'%N0).5''5&307%-)%0K01%A0'5)*&30%2'*60%-,%N*'(%5.*60)L`%
E%B-23A%&0%51(0)0'(0A%51%*%,)*1S%A5'+2''5-1%5A01(5,L516%*((5(2A0'%*1A%*N(5(2A0'%-,%0.0)6516%*)(5'('%
B5(/%(/0%,-+2'%)0.*51516%-1%(/0%N-'5(5K0%'()016(/'%*K*53*&30%,-)%+)0*(5K0%*)(=.*S516C%%$%A5'+2''5-1%
-,%+2))01(%N0A*6-65+*3%.0(/-A'%0.N3-L0A%B5(/51%(/0%K*)5-2'%.0A5*7%B5(/%(/05)%215Y20%5''20'%*1A%
0.N/*'0'7%51%)03*(5-1'/5N%(-%/5'(-)5+*3%30*)1516%N)-+0''0'%.56/(%N)0K01(%'(*61*(5-1%(/)-26/%(/0%
.5'21A0)'(*1A516%*1A%.5'2'0%-,%(/0'0%+-1()-K0)'5*3%.0(/-A'C%%]1A0)'(*1A516%(/0%N*'(%*1A%
N)0'01(%(/01%'00.'%(-%&0%K5(*3%(-%(/0%A5'+-K0)L%-,%B/0)0%*)(%5'%N2'/516%,2(2)0%+23(2)07%*%10B%
.-K0.01(%,-)%*%215Y20%(5.0C!
\.*&!C.2.!;+!!6$($8307!A)%%$9$+!!'*?)9(.?73=!\$50<($5R!'7$!S35<.%!,20$(?%.*!):!J7*07@!
.28!/0(<=0<($%
@LN-6)*N/L%5'%(/0%'()2+(2)0%*1A%51(0)N3*L%-,%30((0),-).'%B5(/51%*%'N*+0%l%*%K0)&*3%*1A%K5'2*3%
1*))*(5K0%(/*(%625A0'%(/0%K50B0)%(-%21A0)'(*1A%&-(/%,-).%*1A%+-1(01(C% @/5'%T'N*+0U%.*L%&0%B5(/51%
(/0%N*60'%-,%*%&--S%-)%(/0%,-).*(%-,%*%N-'(0)7%(-%1*.0%*%,0BC% $1A%2'2*33L7%-2)%21A0)'(*1A516%-,%
(/0'0%N*60'%5'%51()51'5+*33L%351S0A%(-%-2)%+-.,-)(*&3010''%*1A%,*.535*)5(L%B5(/%(/0%'()2+(2)0%*1A%
-)6*15Q*(5-1%-,%+-1(01(%*1A%(/0%)0*A*&535(L%*1A%N-51(%'5Q0%-,%(/0%(LN0C%!-7%/-B%A-%B0%)0'N-1A%(-%
(LN-6)*N/5+%60'(2)0'%(/*(%&)0*S%(/0'0%T()*A5(5-1*3U%K50B'%-,%*%N*60\'%'()2+(2)0`%
@LN-6)*N/5+%60'(2)0'%N0),-).%-1%*%N*60%&L%0RN3-)516%*%K5'2*3%3*162*60%(/*(%&0+-.0'%
0RN0)5.01(*3%51%1*(2)0%l%N2'/516%(/0%K5'2*3%51(0)N3*L%-,%030.01('%B5(/51%(/0%'N*+0C% @/5'%51(0)N3*L%
-,%)/L(/.7%'()2+(2)07%*1A%,-).%*,,0+(%-2)%'01'5&535(50'%*1A%+*33%2'%(-%)0'N-1A%B5(/%,003516%*1A%
0.-(5-1C% 4L%+)0*(5K0%B-)S%0RN3-)0'%*%N)-+0''%-,%01K5'5-1516%B-)A'%l%-,%()23L%'00516%51'5A0%(/0.%
*1A%A5'+-K0)516%(/05)%N-(01(5*3%(-%+-..*1A%'N*+0%*1A%+-..215+*(0%-1%*%A00N0)%30K03%(/*1%
.0)03L%'N0*S5167%)0*A5167%-)%B)5(516%(/0.C% PL%*33-B516%B-)A'%(-%6010)*(0%5A0*(5-1*37%5.*651*(5K07%
*1A%51,-).*(5K0%'N*+0'7%(/0L%+-.0%(-%35,0%*1A%B0%01+-21(0)%(/0.%*'%10B%5A0*'%*1A%-&V0+('C!
\3#$%&!J)5.22$+! "(0!,25030<0$!):!H0+!B.<8$(8.%$+! "!C$%3=.0$!G.%.2=$R!,5!C$5392!.!6)8$(2350!
A)250(<=0[%
F5'(-)5+*33L7%(/0%A5'(51+(5-1%&0(B001%*)(%*1A%A0'561%5'%&0(B001%+)*,(%*1A%5A0*'7%*1A%(/0%51,3201+0%
-,%(0+/1-3-6LC%%!N0+5*35Q*(5-17%51,3201+0A%&L%(0+/1-3-6L%0.0)60'%*'%*%+-1()-33516%N*((0)1C%
#-..0)+5*3%N)*+(5(5-10)'%0K-3K0A%(/05)%(0+/15Y20'%,)-.%10+0''5(LC% M510%*)(5'('%N2'/%.0A5*%,-)%
0RN0)5.01(*(5-1%*1A%0RN)0''5-17%,)-.%T@/0%W*'(%!2NN0)U%(-%Te01-1%g)-V0+(5-1'UC% E1%(0).'%-,%
0A2+*(5-17%&-(/%6)-2N'%/*K0%6-10%(/)-26/%'5.53*)%()*51516%21(53%,*5)3L%)0+01(3LC% 8/0)0%(/05)%
N)*+(5+0'%*1A%'N0+5*35Q*(5-1%01A0A%2N%B*'%*%.*((0)%-,%0+-1-.5+'7%N-35(5+'7%51(0)0'(%*1A%
-NN-)(215(LC% E(%5'%-13L%B5(/%(/0%0.0)601+0%-,%.-A0)15'.%*1A%T*)(%,-)%*)(\'%'*S0U%(/*(%B0%'00%*%
A5'(51+(5-1%*1A%/50)*)+/L%&0(B001%+-..0)+5*3%*1A%,510%*)(C% #2))01(3L7%(/*(%A5'(51+(5-1%5'%&0516%
Y20'(5-10AC
80%+*1%'00%(/0%0K5A01+0%-,%(/5'%51%*%K*)50(L%-,%N3*+0'C% !/-23A%A0'561%N)-6)*.'%/*K0%'0N*)*(0%
,-21A*(5-1'%N)-6)*.'7%'/-23A%A565(*3%(0+/1-3-6L%&0%)0Y25)0A%-,%,510%*)(%.*V-)'`% _-0'%A)*B516%
100A%(-%&0%*%)0Y25)0A%+-2)'0`% E332'()*(5-1%+-.N0(5(5-1'%B5(/%21N2&35'/0A%+*(06-)50'%*1A%A565(*3%
*)(%'/-B'%N-51(%(-%(/0%2'0%-,%A0'561%.0A5*%,-)%1-1=A0'561%N2)N-'0'C% @/5'%N*N0)%'00S'%(-%
0R*.510%(/0%/50)*)+/L%-,%*)(%*1A%A0'561%*1A%Y20'(5-1'%(/0%100A%,-)%*%A5'(51+(5-1%51%()*51516%51%
6010)*3%*'%-NN-'0A%(-%'N0+5*35Q*(5-1%*1A%10B%.-A03'%,-)%51(0)A5'+5N351*)L%B-)SC!
\%)4$(&!/.(.7+!!G(.8%$*!1234$(530*+!!"()<5329!/0<8$20!,20$($50R!!'7$!"(0!N350)(*!A.2)2!
B))5$5!305!\IJ.0329%
$)(%/5'(-)L%'2)K0L%(0R('%+-1(*51%K0)L%,0B%0R*.N30'%-,%0RN35+5(3L%'0R2*3%5.*60'7%0K01%B/01%.*1L%
-,%(/0%+23(2)0'%,*K-)0A%&L%(/0%'2)K0L%B0)0%'(00N0A%51%'2+/%5.*60)LC%%E.*60'%(/*(%*)0%-K0)(3L%
'0R2*3%*)0%,)0Y201(3L%)01A0)0A%102()*3%&L%(0R(2*3%A5'+2''5-1'%(/*(%*((0.N(%(-%,-+2'%(/0%'(2A01('\%
*((01(5-1%-1%+-3-)%2'*60%-)%.-A03516%(0+/15Y20'C%
@/5'%N*N0)%0R*.510'%(/0%&010,5('%*1A%N)-&30.'%51/0)01(%51%A5'+2''516%5.*60)L%B5(/%0RN35+5(%
'0R2*3%+-1(01(%51%(/0%*)(%/5'(-)L%+3*'')--.C%%E(%5'%*)620A%(/*(%'2+/%5.*60)L%,-).'%*1%0''01(5*3%
+-.N-101(%-,%(/0%K5'2*3%+23(2)0'%'2)K0L0A%&L%(/0%*)(%/5'(-)L%+*1-1%*1A%'/-23A%1-(%&0%+01'-)0A%-)%
561-)0AC% E,%B0%A-%'-7%B0%.5''%*1%-NN-)(215(L%(-%51K-3K0%-2)%'(2A01('%51%A5'+2''5-1'%-,%K50B0)%
)0'N-1'07%*1A%016*60.01(%(/*(%()*1'+01A%'(L35'(5+%+*(06-)50'C% !0R2*35Q0A%5.*60'%*)0%*3'-%
'(*1A*)A%+-.N-101('%-,%-2)%K5'2*3%+23(2)0%51%B/5+/%-2)%'(2A01('%*)0%5..0)'0AC%%P2(%(/0L%A-%1-(%
)0*35Q0%(/*(%'0R2*35(L%5'%N*)(5*33L%*%'-+5*3%+-1'()2+(%*1A%(/*(%*)(%N3*L'%*%3*)60%N*)(%51%5('%
+-1'()2+(5-17%*%N-51(%(/*(%5'%&0516%*+S1-B30A60A%51%)0+01(%)0'0*)+/%51%*)(%/5'(-)LC%%@/2'%
A5'+2''5-1'%-,%'0R2*35Q0A%5.*60)L%*)0%1-(%.0)03L%6)*(25(-2'q%(/0L%*33-B%2'%(-%016*60%'(2A01('%51%
+-1K0)'*(5-1'%(/*(%&)516%+2))01(%()01A'%51%*)(%/5'(-)5+*3%'+/-3*)'/5N%51(-%(/0%+3*'')--.C!
\))850$32I6<(?7($$&!;07$%+!!1234$(530*!):!"(Q.25.5+!!J$=)2538$(329!07$!U$-!K(%$.25!
N)<5$R!!"!6.00$(!):!/?.=$&!>%.=$&!.28!>()=$553)2%
!51+0%)0+-1'()2+(5-17%(/0%2)&*1%/5'(-)L%-,%D0B%:)30*1'%/*'%&001%+-3-)0A%+-1+-.5(*1(3L%&L%5('%
A)5K0%(-%*((*51%+23(2)*3%*1A%0+-1-.5+%*2(/-)5(L%0Y2*3%(-%(/*(%-,%-(/0)%)065-1'%*1A%5('%N*''5-1%(-%
'2'(*51%/5'(-)L%*1A%()*A5(5-1'%215Y20%(-%5('%-B1%/5'(-)5+*3%+-330+(5K0C% D0B%:)30*1'\%'N*(5*3%
106-(5*(5-1%-,%5('%*1(0&0332.%*1(5Y25(L%*1A%5('%.-A0)1%*'N5)*(5-1'7%&-(/%*(%(/0%.5A=+01(2)L%*1A%51%
(/0%+35.*(0%-,%)00K*32*(5-1'%-,%2)&*1%,-).'%N)0+5N5(*(0A%&L%(/0%B)*(/%-,%F2))5+*10%X*()51*7%
N)-A2+0'%*%AL1*.5+%N)-+0''5-1%-,%'()00('+*N0'%*1A%'()2+(2)0'%(/*(%+-1'(5(2(0%(/0%0''01+0%-,%5('%
'01'0%-,%N3*+0C%%D-B/0)0%5'%(/5'%.-)0%*NN*)01(%(/*1%51%(/0%.5(56*(5-1%&0(B001%N2&35+%'N*+0%*1A%
N)5K*(0%01+3*K0%51%(/0%+5(L\'%/-2'0'C%%@/5'%N*N0)%0RN3-)0'%(/0%1*))*(5K0%-,%N3*+07%+35.*(07%*1A%
+23(2)0%'5615,50A%51%(/0%D0B%:)30*1'%/-2'0%(/)-26/%+-.N*)*(5K0%'(2AL%-,%()*A5(5-1*3%/-2'0'%-,%(/0%
3-B0)%[*)A01%_5'()5+(%G51+32A516%(/0%^-&51'-1=Z-)A*1%F-2'07%Z*.0'%[*3350)%Z)C7%;rf<=fn7%*1A%(/0%
^-&0)(%$C%[)511*1%F-2'07%F01)L%F-B*)A7%;rf?H%*1A%.-A0)1%/-2'0'%GB5(/%N*)(5+23*)%,-+2'%-1%(/0%
B-)S%-,%#2)(5'%o%_*K5'7%51+32A516%(/05)%!(051&0)6%F-2'07%;nfj7%B/5+/%5'%3-+*(0A%51%(/0%3-B0)%
[*)A01%_5'()5+(H%(/*(%0+/-7%51%*%+-1(0.N-)*)L%K-+*&23*)L%-,%A0'5617%%(/05)%%N*((0)1'%-,%/*&5(*(5-1%
*1A%(/0%*+(5-1'%(/0L%,-'(0)C!
\))0$$&!6.(30.+!!63553553??3!/0.0$!1234$(530*+!!'7$!F)<(2$*%
E%/*K0%B-)S0A%51%'0K0)*3%N/-(-6)*N/5+%.*(0)5*3'%-K0)%.L%(012)0%*'%*1%*)(5'(C%%"*+/%.*(0)5*3%-)%
N)-+0''%)0,30+('%.L%35,07%.L%0.-(5-1'7%*1A%.L%'2))-21A516'C%%E%/*K0%0RN3-)0A%(/0%'+-N0%-,%
N/-(-6)*N/L%,)-.%(/0%()*A5(5-1*3%(-%(/0%A565(*3%(-%*3(0)1*(5K0C%%E%B533%N)0'01(%.L%)0+01(%B-)S%*1A%(/0%
N*(/%(/*(%&)-26/(%.0%(-%(/5'%N3*+0%51%.L%5.*60)L7!:*$/!:)*/#>4C%%@0).'%'2+/%*'%A)0*.35S07%
.0.-)L7%.L'(5+*3%*1A%.-)0%/*K0%&001%2'0A%(-%A0'+)5&0%(/0'0%5.*60'C! :*$/!:)*/#>4%B5(/%5('%
&32))0A%5.*60)L%*1A%/51('%-,%+-3-)%*)0%,)*6.01('%-,%(/0%.-.01(C%%@/0L%/*K0%*%(-2+/%-,%)-.*1+0%
,-)%*%.0.-)L%-)%*1%0.-(5-1C%%@/0%5.*60'%*)0%.2+/%35S0%(/0%'2&V0+(%*'%5(%&301A'%B5(/%(/0%-+0*1
*1A%5'%A)*B1%-2(%(-%(/0%'0*C%%85(/!:)+%3+$7!P*$/4(*E&4%E%*.%A)*B1%(-%(/0%3*1A'+*N0%*'%E%)0,30+(%
2N-1%(/0%N*''*60%-,%(5.0C%%@/0%N51/-30%+*.0)*%N)-K5A0'%*%K0/5+30%,-)%+*N(2)516%(/0%3-+*(5-1%*1A%
(/0%N*''516%-,%(/0%.-.01(%51%215'-1C%%E(%&0+-.0'%*%B51A-B%51(-%(/0%.L'(0)50'%-,%(/0%1*(2)*3%
B-)3AC%%@/0%.*V-)5(L%-,%(/0%5.*60'%*)0%1-(%6)*1A%K5'(*'7%&2(%)*(/0)%(/0%-K0)%3--S0A%&0*2(L%-,%B/*(%
B-1A0)%350'%*)-21A%2'C!
\)-$(&!J$23+!!S3(9323.!A)@@)2-$.%07!1234$(530*+! "2!"@$(3=.2!32!>.(35%
^0+01(3L7%E%35K0A%*(%(/0%#5(p%E1(0)1*(5-1*30%A0'%$)('7%g*)5'7%M)*1+0C%%_2)516%(/5'%'0K01%B00S%
)0'5A01+L7%E%+-330+(0A%G(/)-26/%A)*B516%*1A%N/-(-6)*N/LH%+5)+23*)%.-(5,'%,)-.%A5K0)'0%'-2)+0'q%
51+32A516%*)+/5(0+(2)*3%A0(*53'7%'(*510A%63*''7%.-'*5+'7%/5'(-)5+*3%*)(5,*+('7%*1A%N2&35+%B-)S'C%%E1%.L%
'(2A5-7%(/0'0%,-).'%)0'2),*+0%*'%'()2+(2)*3%*).*(2)0'%51%.L%N*51(516'C%%E%2'0%A565(*3%N)-V0+(5-1%(-%
+*N(2)0%51()5+*+L%*1A%E%51+-)N-)*(0%A0+-)*(5K0%N*((0)1516%(-%.*15,0'(%&0*2(L%*1A%)0,0)01+0C%%E%
2(535Q0%(/0%+5)+30%*'%*%)0N0(5(5K0%'/*N0%*1A%'L.&-3C%%@/)-26/%N*((0)15167%E%)0,0)01+0%()*A5(5-1*3%
+)*,('%-,%(/0%/*1Aq%51%N*)(5+23*)%(0R(530'%*1A%Y253('C%%^0N0(5(5-2'%+5)+30'%*1A%'3*'/0'%*3'-%'2660'(%
(/0%&51*)L%+-A0%-,%Q0)-'%*1A%-10'C%%PL%351S516%/*1A5+)*,(%B5(/%(0+/1-3-6L7%E%+)0*(0%03*&-)*(0%
3*L0)'%-,%N*((0)17%+-3-)7%*1A%A*(*C%%4L%51(01(5-1%5'%(-%-,,0)%*%K5'2*3%)0'N5(0%(/*(%)0,30+('7%&2(%*3'-%
()*1'+01A'%-2)%(0+/1-=.0A5*%'*(2)*(0A%'-+50(LC%
W5K516%51%g*)5'%B5(/-2(%*%@97%+*)7%-)%'+/0A230%B*'%*%B-1A0),23%&-/0.5*1%*3(0)1*(5K0%(-%.L%2'2*3%
/0+(5+%)-2(510C%%@/0!]#+&!/&!F+F'&%-,%g*)5'%B*'%+-1(*65-2'%*1A%01A2)516C%!0A2+0A%&L%(/0%&033'%-,%
D-()0%_*.07%(/0%)/L(/.%-,%(/0%)5K0)7%*1A%(/0%.2'5+%-,%(/0%156/(7%(/5'%0RN0)501+0%01)5+/0A%.L%*)(7%
(0*+/5167%*1A%35,0C!
\(.57&!S.%$(3$+!1234$(530*!):!>3005#<(9!.0!F)7250)-2+!!/0<8*329!"(0!.28!"(=730$=0<($!32!
6.55!6$83.!.5!.!'))%!:)(!07$!"(0!N350)(*!/<(4$*%
"'N0+5*33L%51%'2)K0L%30K03%+-2)'0'%,-)%1-1=.*V-)'7%'(2A01('%*)0%-,(01%533%N)0N*)0A%(-%(*S0%-1%(/0%
)56-)'%-,%()*A5(5-1*3%*)(%/5'(-)5+*3%'(2AL7%1-(%-13L%&L%3*+S516%(/0%10+0''*)L%0RN0)501+0%51%(/0%
A5'+5N35107%&2(%*3'-7%-1%*%.-'(%,21A*.01(*3%30K037%&L%/*K516%10K0)%&001%01+-2)*60A%(-%,-).*33L%
*1A%+)5(5+*33L%*1*3LQ0%*)(C%!-7%/-B%A-0'%-10%*)-2'0%*1A%S00N%'(2A01('\%51(0)0'(%51%*)(%*1A%
*)+/5(0+(2)07%B/530%*(%(/0%'*.0%(5.0%(0*+/516%(/0.%&*'5+%(--3'%-,%*1*3L'5'`%@/0%*1'B0)%350'%51%
,51A516%*%N-51(%-,%)0,0)01+07%'-.0(/516%B5(/%B/5+/%(/0L%*)0%&-(/%,*.535*)%*1A%+-.,-)(*&307%*1A%51%
(-A*L\'%.0A5*=A)5K01%'-+50(L7%(/*(%5'%+-..0)+5*3%*AK0)(5'516%*1A%,53.C%@/5'%N*N0)%B533%0RN3-)0%/-B7%
&L%N)-K5A516%0R*.N30'%B/0)0%/5'(-)5+*3%.-12.01('%*NN0*)%51%.*''%.0A5*7%*1A%,*+535(*(516%
+3*'')--.%A5'+2''5-1%*&-2(%(/0%2'0%-,%'N0+5,5+%5.*60'7%(0*+/0)'%+*1%N)-K5A0%,-)%'(2A01('%*1%
*++0''5&30%.0*1'%(-%A5'+2''%51(01(5-1%*1A%)0+0N(5-1%51%*)(7%*'%B033%*'%(/0%&*'5+%3*162*60%-,%
,-).*3%*1*3L'5'C%$'%'(2A01('%'00S%-2(%0R*.N30'%(-%*''0.&30%*1A%*1*3LQ0%51%(/0%,-).%-,%*%+-2)'0%
N)-V0+(7%K5*%05(/0)%*%'+)*N&--S%-)%*%g-B0)g-51(%N)0'01(*(5-17%(/0L%21A0)'(*1A%*1A%6*51%
*NN)0+5*(5-1%,-)%*)(%*'%*%+-1(512516%N*)(%-,%-2)%+23(2)*3%5A01(5(L7%1-(%'-.0(/516%*3501%-)%035(5'(C!
\(3::307&!P.(%*2+!!H%)(38.!/0.0$!1234$(530*+! '7$!>$(:)(@.2=$!):!A)<(0%*!B)4$!.28!,4)(*!
A)@?)530$!A.5Q$05%
@/0%5K-)L%+-.N-'5(0%+*'S0(7%A*(516%(-%(/0%.5A=,-2)(001(/%+01(2)L7%5'%*%N*)(5+23*)%(LN0%-,%+*'S0(%
,0*(2)516%5.*60)L%,)-.%*%K*)50(L%-,%N-N23*)%)-.*1+0%30601A'%*1A%35(0)*(2)0C%%W5S0%(/0%(-S01'%-,%
3-K0%A0N5+(0A%-1%.*1L%'0+23*)%-&V0+('7%*%+*'S0(%B*'%*1%0''01(5*3%N)-N%51%(/0%N3*L%-,%+-2)(3L%3-K0C%
P-(/%(/0%65K516%*1A%)0+05K516%-,%(/0%65,(%*33-B0A%(/0%.*1%*1A%(/0%B-.*1%(-%N0),-).%(/0%)-30'%-,%
+-2)(3L%3-K0)'C%%!+/-3*)'/5N%-1%(/0%+-.N-'5(0%+*'S0('%/*'%)0.*510A%,5R0A%-1%(/0%)03*(5-1'/5N%
&0(B001%(/0%5.*60)L%*1A%)-.*1+0%35(0)*(2)0C%
@*S516%51'N5)*(5-1%,)-.%!+/0+/10)\'!6&'%#'8*$(&!H)&#'5%*1A%-(/0)%*1(/)-N-3-65+*3%51K0'(56*(5-1'%
51(-%+23(2)*3%N0),-).*1+07%E%N)-N-'0%(/*(%5K-)L%+-.N-'5(0%+*'S0('%B0)0%51(06)*3%(-%*%.0A50K*3
N0),-).*1+0%-,%+-2)(3L%3-K0%&L%'2NN3L516%*%'(*60%N)-N%*1A%*%'+)5N(%-,%5.*60='+01*)5-'7%&2(%
0'N0+5*33L%&L%A0N5+(516%(/0%+/*'(0=K5)651%+/*)*+(0)%*'%(/0%5A0*3%,0.*30%3-K0)C%%E%*)620%(/*(%(/5'%
+*'S0(%01*&30A%N0),-).*1+0%-,%*%'-+5*33L%+-1'()2+(0A%5A01(5(Lc%+-2)(3L%3-K0)C%%E1%N*)(5+23*)7%(/0%
A0N5+(5-1%-,%(/0%30601A%-,%(/0%95)651%*1A%(/0%]15+-)1%*.-16%(/0%'0K0)*3%'+010'%N)-K5A0'%(/0%S0L%
(-%*%+-))0+(%)0*A516%-,%(/0%0RN0+(*(5-1'%-,%(/5'%'-+5*3%N0),-).*1+0C%@/0%K5)651%A0+-A0'%(/0%,5+(5K0%
N0),-).*1+07%+-1(0R(2*35Q516%(/0%'-+5*3%N0),-).*1+0%-,%+-2)(3L%3-K0)'%B5(/51%M)01+/%.0A50K*3%
'-+50(LC!
N.9))8&!/<E.22$+!"<#<(2!1234$(530*+!S38$)!.28!/)<28!;4$20R!A)@@<230*!A)%%.#)(.03)2%
@/5'%N)-V0+(%B*'%A0'5610A%(-%N-51(%(-%(/0%-16-516%()*1'5(5-1'%-,%(/0%O-)S7%$3*&*.*%+-..215(L%
*1A%5('%3-''%-,%A-B1(-B1%+23(2)07%)*+5*33L%A5K5A0A%'+/--3%'L'(0.7%*1A%P3*+S%P03(%/0)5(*60C% #*33516%
-1%3-+*3%)0'5A01('%,-)%+-33*&-)*(5-1%*1A%'/*)0A%0RN0)501+07%(/0%N)-V0+(%51+-)N-)*(0A%'-21A%*1A%
K5A0-%(/*(%+23.51*(0A%51%*%+-..215(L%0K01(C% @/0%K5A0-%,--(*60%-,%.-K516%()*51'%B*'%N)-V0+(0A%
-1(-%(/)00%'()2+(2)0'%(/*(%3*L%*3-16%(/0%-3A%)*53)-*A%()*+SC%@/0%5.*60'%*+(0A%*'%'/*A-B%-)%
)0,30+(5-1%N-51(516%(-%.0.-)L=%)0.51A0)'%-,%N*'(%()*51'C%O0(7%(/0%N)-V0+(5-1'%B0)0%105(/0)%(5.0%3510%
1-)%A-+2.01(*)L%K5A0-C% @/0L%0R5'(0A%51%(/0%N)0'01(C% $3-16%B5(/%(/0%N)-V0+(5-1'7%'-21A%*)(%+*.0%
,)-.%,5K0%()5+S0A%-2(%+*)'7%'N0*S0)'%&)-*A+*'(516%.5R0A%'*.N30%'-21A'7%0*+/%N3*L516%51%*1%-)A0)%
(/*(%5.N350A%()*51'%.-K516%(/)-26/%(/0%(-B1C% @/0%51+-)N-)*(5-1%-,%F5N=F-N%+23(2)0%+*)'%=%'N0*S0)'%
,-)%'/*)0A%'-21A%0RN0)501+0%51'(0*A%-,%N0)'-1*3%.2'5+*3%+/-5+0%=%*+(0A%*'%*%+23(2)*37%
6010)*(5-1*37%*1A%)*+5*3%A5*3-6%B5(/51%(/0%+-..215(LC% $3-16%B5(/%(/0%-2(A--)%51'(*33*(5-1%B*'%*%
6*330)L%0R/5&5(5-1%-,%(01%'-21A%*1A%K5A0-%B-)S'7%51+32A516%.L%N0)'-1*3%B-)S7%+-33*&-)*(5K0%B-)S'%
B5(/%*)0*%L-2(/7%*1A%+-33*&-)*(5K0%B-)S'%&L%(B-%+-33060%'(2A01('C!
N.??$%A7(3503.2&!>$0$(+!!T)<2950)-2!/0.0$!1234$(530*+! U$.(!07$!>)320!):!G$9322329%
D0*)%(/0%Tg-51(%-,%P06511516U%5'%*%+)0*(5K0%51K0'(56*(5-1%-,%*1%/5'(-)5+*3%+*)(-6)*N/5+%'5(0%*1A%-,%
(/0%1*(2)*3%3*1A'+*N0q%(/0%B-)S%51K-3K0'%N/-(-6)*N/L7%A)*B5167%N0),-).*1+0%*)(7%'+23N(2)07%K5A0-%
*1A%'-21AC%@/0%3-+*(5-1%S1-B1%*'%(/0%Tg-51(%-,%P06511516%-,%(/0%!0K01%^*160'7U%0'(*&35'/0A%51%
(/0%3*(0%;r(/%+01(2)L%(/)-26/%(/0%W*1A%:)A51*1+0%-,%;<rf%21A0)%(/0%6-K0)1*1+0%-,%@/-.*'%
Z0,,0)'-17%5'%3-+*(0A%51%"*'(%W5K0)N--37%:/5-%-1%(/0%1-)(/0)1%&*1S%-,%(/0%:/5-%^5K0)C%%E(%B*'%,)-.%
(/5'%'5(0%51%B/5+/%10*)3L%*33%(/0%3*1A%B0'(%-,%(/0%-)5651*3%(/5)(001%+-3-150'%B*'%-)6*15Q0A%51(-%*%6)5A%
'25(*&30%,-)%'*30%(-%3*1A%N)-'N0+(-)'%*1A%B-23A=&0%/-.0'(0*A0)'C%%@/0%T6)5AU%N)-V0+(0A%-K0)%*%
'.*33%N-)(5-1%-,%0*'(0)1%:/5-%0K01(2*33L%&0+*.0%B/*(%5'%S1-B1%*'%(/0%g2&35+%W*1A%!2)K0L%
!L'(0.%GgW!!HC%
]'516%(/0%)-*A'5A0%.-12.01(%'5(0%-,%(/0%Tg-51(%-,%P065115167U%(/0%'2),*+0%*&-K0%(/0%'2&.0)60A%
/5'(-)5+*3%'5(0%*(%(/0%&-((-.%-,%(/0%:/5-%^5K0)7%*1A%(/0%'2))-21A516%K5+515(L7%E%B-)S%(-%)0K0*37%
,5+(5-1*35Q0%*1A%Y20'(5-1%T1*(2)0U%*'%*%60-6)*N/5+%3-+*307%)-.*1(5+%5A0*37%*1A%'-+5-=N-35(5+*3%
+-1'()2+(C%%4L%B-)S%Y20'(5-1'%'2+/%'00.5163L%A5'N*)*(0%(-N5+'%*'%(/0%5A0*%-,%B53A0)10''7%
)0+)0*(5-1*3%N*)S'7%3*B1%+*)07%01K5)-1.01(*3%'(0B*)A'/5N7%(/0%80*(/0)%#/*11037%+*.-2,3*607%*1A%
6*)A01516C!
N.((35)2&!N.*5)2+!!6.(57.%%!1234$(530*+!!6.(Q$0329!.28!C$5392!"(0%
E1%*NN350A%*)(7%'2+/%*'%6)*N/5+%A0'5617%51(0)5-)%A0'5617%5332'()*(5-1%*1A%N/-(-6)*N/L7%(/0%A5'+5N3510%
-,%.*)S0(516%N3*L'%*%.*V-)%)-30%51%+3501(%.*1*60.01(C%%$1%*)(5'(%/*K516%(-%.*)S0(%*1A%N)-.-(0%
-10'03,%.2'(%21A0)'(*1A%/-B%(-%+-..215+*(0%B5(/%+3501('%51%-)A0)%(-%.*)S0(%(/0%+3501('v%N)-A2+('%
*1A%'0)K5+0'C%%_0'561%G6)*N/5+7%51(0)5-)7%,*'/5-1H%5332'()*(5-17%N/-(-6)*N/L7%K5A0-%*1A%*15.*(5-1%
*)0%&2'510''0'C%%80%+3*5.%(-%&0%(0*+/516%N)-,0''5-1*3%N)-6)*.'7%L0(%.*1L%'+/--3'%*K-5A
*1L(/516%(/*(%0K01%/51('%*(%&2'510''C%%$1A%*3(/-26/%,510%*)(%A5'+5N3510' .56/(%+3*5.%(-%&0%51(25(5K0%
*1A%N0)'-1*37%*'%51A0N01A01(%+-1()*+(-)'%(/05)%'(2A01('%100A%(-%S1-B%/-B%(-%.*)S0(%(/0.'03K0'%
2N-1%6)*A2*(5-1C!
N.0=7.8))(3.2&!B35.+!!A.5?$(!A)%%$9$]U3=)%.*5$2!6<5$<@+! A7.(0329!N$(!K-2!A)<(5$R!
"22$!'(<300&!.2!1?50.(0!32!07$!N397!'$@?%$!):!6323@.%35@!
C,C!UK'!>J;/;U'!
N.*5&!F)83+!!'$22$55$$!/0.0$!1234$(530*+!!J$=$20!L)(Q%
@/0%N)0'01(*(5-1%51+32A0'%*%A5'+2''5-1%-,%.L%)0+01(%'(2A5-%B-)S%*1A%'0K0)*3%+2)*(-)5*3%N)-V0+('C!
N.EE3Q)50.5&!C3@30(3+!!>(.00!,25030<0$+!!/%$$?!32!A)20$D0R!U<.2=$5!):!\(.430*!.28!B$430*!32!
\($$Q!"(0%
@/5'%N*N0)%0RN3-)0'%(/0%V2R(*N-'5(5-1'%*1A%'2&(30%12*1+0'%-,%6)*K5(L%*1A%30K5(L%(/*(%51,-).%(/0%
(/0.0%-,%!300N%51%[)00S%*)(%*1A%35(0)*(2)0C%%E1%F-.0)7%FLN1-'%G!300NH%5'%(/0%(B51%&)-(/0)%-,%
@/*1*(-'%G_0*(/H7%*%S51'/5N%(/*(%(50'%/5.%(-%(/0%D0(/0)B-)3A%*1A%(/0%,-)+0'%-,%6)*K5(LC%%P2(%
FLN1-'%5'%*3'-%*%B5160A%0.&-A5.01(7%*&30%(-%30K5(*(07%.-K0%'B5,(3L7%*1A%+/*160%'5Q0%*1A%
*NN0*)*1+07%*'%)0Y25)0A%&L%(/0%+5)+2.'(*1+0'C%%@/5'%A2*35(L%+/*)*+(0)5Q0'%(/0%)03*(5-1'/5N%-,%
'300N%(-%(/0%'300N0)C%%8/5307%*'%*%B5160A%01(5(L7%FLN1-'%5'%35(/07%&2-L*1(7%*1A%,)00%,)-.%(/0%
+-1'()*51('%-,%6)*K5(L7%/5'%0,,0+('%*)0%6)*K5(L=-)501(0A7%-,(01%/*K516%+-1'0Y201+0'%A0()5.01(*3%(-%
(/0%'300N0)7%N*)(5+23*)3L%*'%N0)+05K0A%&L%*%'-+50(L%12)(2)0A%51%(/0%/0)-5+%5A0*3'%-,%*+(5-1%*1A%
*30)(10''C%
@/0%A2*3%1*(2)0%-,%'300N7%K50B0A%&-(/%*'%*%'--(/516%)010B*3%(-%35,0v'%,-)+0'%*1A7%&0+*2'0%-,%(/0%
'2'N01'5-1%-,%+-1'+5-2'10''7%*3'-%*'%*%S51A%-,%A0*(/7%+*1%&0%,-21A%51%(/0%5.*60)L%)0N)0'01(516%
(/5'%215K0)'*3%/2.*1%'(*(0C%%@/0%'L.&-35+%.0*1516'%(/*(%+*1%&0%A5'+0)10A%,)-.%(/0%K*)5-2'%
*(()5&2(0'%*++-.N*1L516%(/0%N0)'-15,5+*(5-1%-,%'300N7%*1A%(/0%60'(2)*3%N-'0'%-,%(/0%'300N0)'7%B-)S%
(-60(/0)%51%[)00S%*)(%(-%+)0*(0%*1%5+-1-6)*N/L%51(01A0A%(-%+-1K0L%(/0%51/0)01(%+-1()*'(%-,%6)*K5(L%
*1A%30K5(LC!
N$-300&!6.2.+!!1234$(530*!):!/)<07!A.()%32.+!!A)%%353)2R!"(0!.28!>)%303=5!32!.!>)50!fIYY!
L)(%8%
TW5S0%5(%-)%1-(7%B0%35K0%51%51(0)0'(516%(5.0'CCCU%^-&0)(%MC%X0110AL7%Z210%<7%;njj7%#*N0%@-B17%!-2(/%
$,)5+*C%
M-)(L=-10%L0*)'%3*(0)%,0B%B-23A%A01L%(/*(%B0%35K0%51%*%B-)3A%(/*(%N)-K5A0'%*)(5'('%B5(/%,-AA0)%(-%
(*+S30%0RN3-'5K0%5''20'7%A0,L%*2(/-)5(L%*1A%+/*330160%'-+50(LC%%@/0%S1-B30A60%-,%_*),2)7%E)*Y7%
X-)0*7%W0&*1-17%*1A%!-.*35*%*)0%0K0)=N)0'01(C%%F-B%/*'%-2)%N-'(%n=;;%B-)3A%51,3201+0A%*)(%*1A%
(/0%B*L%B0%'00%5(`% @/5'%N*N0)%B533%*AA)0''%(/0%K5'2*3%+23(2)0%-,%-2)%N-'(%n=;;%B-)3AC% E''20'%-,%
+01'-)'/5N7%()*1'N-)(*(5-17%,21A5167%*1A%N2&35+%)0*+(5-1%'/*33%&0%A5'+2''0A%*'%(/0L%)03*(0%(-%
51A5K5A2*3%B-)S'C%%$%g-B0)g-51(%N)0'01(*(5-1%B533%&0%+)0*(0A%+-1+0)1516%0R/5&5(5-1'%*1A%B-)S'%
51'N5)0A%&L%(/0%N-35(5+*3%01K5)-1.01(%'51+0%!0N(0.&0)%;;7%>??;C!
N3995&!F.@3$+!!6.(3.2!A)%%$9$+!!/)@$!K#5$(4.03)25!)2!S3539)073=!"(=730$=0<($!.28!305!
,2:%<$2=$!)2!07$!G(30357!,5%$5R!6)($!/?.2357!/*@?0)@5
E1%(/5'%N*N0)7%E%+-1'5A0)%/5'(-)5+*37%*)+/*0-3-65+*37%*1A%35(0)*)L%0K5A01+0%(-%)0K0*3%+-110+(5-1'%
&0(B001%'5R(/=%*1A%'0K01(/=+01(2)L%E&0)5*%*1A%(/0%P)5(5'/%E'30'C%%@/5'%0K5A01+0%A0.-1'()*(0'%(/*(%
N)-&*&30%*)+/5(0+(2)*3%*1A%35(2)65+*3%51,3201+0'%0R5'(0A%&0(B001%(/0'0%(B-%*)0*'C%%"R*.51516%&-(/%
+/2)+/%6)-2N'7%E%(*S0%51(-%+-1'5A0)*(5-1%(/)00%*'N0+('%-,%A0'561m030.01('%2'0A%(-%*+/50K0%
'0N*)*(5-1%B5(/51%(/0%+/2)+/0'7%5C0C%+/*1+03%&*))50)'7%+/-5)%'+)001'7%*1A%,233%B*33'q%(/0%N)0'01+0%-,%
0*'(0)1%+/*.&0)'7%5C0C%'*+)5'(50'q%*1A%+-.N35+*(0A%'2&A5K5'5-1'C%%$33%-,%(/0'0%030.01('%B0)0%2'0A%
(-%N*)(5(5-1%(/0'0%+/2)+/0'\%51(0)5-)%'N*+0'C%%@-%*++-21(%,-)%'5.53*)%*)+/5(0+(2)*3%N*)(5(5-15167%E%
*1*3LQ0%(/0%+-1(0.N-)*10-2'%35(2)650'7%4-Q*)*&5+%*1A%#03(5+7%,-)%+-.N*)*&30%35(2)65+*3%N)*+(5+0'C%
P-(/%)5(0'%N-''0''0A%+-.N*)*&30%)5(2*3%,-).23*0C%%@/0)0,-)07%E%N)-N-'0%(/*(%95'56-(/5+%*1A%$163-=%
!*R-1%*)+/5(0+(2)0%)0'N-1A0A%(-%'5.53*)%35(2)65+*3%0R5601+50'C%%E1%!N*517%+-21+535*)%A0+)00'%
*++-21(%,-)%(/0%/50)*)+/5+*3%0RN0)501+0%-,%(/0%35(2)6L%*1A%0RN3*51%(/0%N*)(5(5-1516%-,%(/0'0%
+/2)+/0'\%51(0)5-)'C%%E1(0)0'(5163L7%(/0'0%'*.0%!N*15'/%+/2)+/%+-21+53'%B0)0%*((01A0A%&L%P)5(5'/%
+/2)+/.01%,)-.%(/0%P)5(5'/%!00%-,%P)5(-15*%51%[*35+5*C%%^0'23(516%,)-.%(/5'%0R+/*1607%E%+-1(01A%
(/*(%(/0%#03(5+%)5(07%35S0%(/0%4-Q*)*&5+7%B*'%N)0-++2N50A%B5(/%5''20'%-,%'0N*)*(5-1%&0(B001%+30)6L%
*1A%3*5(L%B/5+/%B0)0%35S0B5'0%0RN)0''0A%51%(/0%'N*+0%N3*11516%-,%$163-=!*R-1%+/2)+/0'C!
N3970)-$(&!6.(*!B)<+!!1234$(530*!):!/)<07!A.()%32.!1?50.0$+!!"!A.5$!/0<8*!):!"(0!'$.=7$(%
@/0)0%5'%*%+/*16516%)-30%,-)%(/0%*)(%(0*+/0)%-,%(/0%>;%'(% +01(2)LC%%E1%356/(%-,%O-2@2&0%*1A%4L!N*+07%
(/0%*)(%0A2+*(-)%B533%,*+0%*%+/*330160%51%+)0*(516%)030K*1(%+2))5+232.%,-)%(/0%L-2160)%6010)*(5-1C%
E1%(/0%_0+0.&0)%>??j!H+8&!<*7*^+$&%*)(5+30%TF-B%(-%P253A%*%!(2A01(%,-)%(/0%>;%'(% #01(2)LU7%(/0%
*2(/-)'%8*335'%*1A%!(0N(-0%0RN)0''%(/*(%'(2A01('%100A%(-%&0%*&30%(-%30*N%*+)-''%A5'+5N3510'%*1A%
0RN0)501+0%511-K*(5K0%+-.&51*(5-1'%'2+/%*'%A0'561%*1A%(0+/1-3-6LC%%@/0%B-)S,-)+0%-,%(/0%,2(2)0%
B533%N3*+0%*%N)0.52.%-1%+)0*(5K0%*1A%511-K*(5K0%'S533'%(/*(%B533%A0.*1A%B-)S0)'%(/*(%*)0%)56/(%&)*51%
(/51S0)'C%%$++-)A516%(-%_*1503%g51S\'%&--S7%T$%8/-30%D0B%451Ac%8/L%^56/(=P)*510)'%8533%^230%(/0%
M2(2)0U7%*)(%0A2+*(-)'%100A%(-%(*S0%1-(0%-,%/5'%10B%'5R%'01'0'%-,%A0'5617%'(-)L7%'L.N/-1L7%
0.N*(/L7%N3*L%*1A%.0*1516C%%@/5'%N*N0)%N)0'01('%*%+*'0%'(2AL%-,%(/0%>;'(%*)(%0A2+*(-)C!
N3%$5&!'3@)07*!L+! '7$!1234$(530*!):!'$22$55$$&!P2)D43%%$+!!'7$!J$%$4.2=*!):!L+!;<9$2$!
/@307M5!V,20.293#%$!'(<07W%
E1%;nJr%K0)5(L%B*'%+-1'5A0)0A%*1%51()51'5+%+/*)*+(0)5'(5+%-,%$.0)5+*1%B*)%N/-(-6)*N/LC%
4-.01(-2'%5.*60'%'2+/%*'%8C%"26010%!.5(/\'!<*'+$&4!;$/&'!@+'&7!:*+E*$%G;nJIH%*1A%Z-0%
^-'01(/*3\'%4*)510'!C*+4+$7!3)&!28&'+(*$!@.*7!#$!S>#!9+8*%G;nJfH%.*L%/*K0%&001%A00.0A%
+)0*(5K0%*1A%511-K*(5K0%B*L'%-,%+*N(2)516%(/0%N*''5-17%+-1,2'5-1%*1A%+-2)*60%-,%&*((30%&2(%(/05)%
()2(/,2310''%B*'%3*)603L%&0L-1A%)0N)-*+/%&L%(/0%N2&35+C%%$%+-)-33*)L%-,%(/5'%)0'N0+(%,-)%(/0%
N/-(-6)*N/5+%5.*60%B*'%K5'2*3%.*15N23*(5-17%&-(/%51(01(5-1*3%*1A%2151(01(5-1*37%A)5K01%&L%*%
+-..-1%N-35(5+*3%*1A%+23(2)*3%5A0-3-6L%(/*(%B*'%/056/(010A%&L%*%N0)+05K0A%(/)0*(%(-%-2)%
N)-K0)&5*3%B*L%-,%35,0C%%8C%"26010%!.5(/7%*B*)0%-,%(/0%A*160)'%-,%5A0-3-65+*33L%A)5K01%5.*60)L7%
+*2(5-10A%(/0%N/-(-V-2)1*35'(%(-%+*)0,233L%&301A%(/0%'2&V0+(5K0%*1A%(/0%-&V0+(5K0%(-%*))5K0%*(%T(/0%
51(*165&30%()2(/CU%%O0(%(/0%+-1+0N(%-,%*%215K0)'*3%()2(/%5'%,)*26/(%B5(/%A5,,5+23(L7%*'%0K5A01+0A%&L%
!.5(/\'%-B1%'3*1(0A%K50B%-,%$.0)5+*1%'-3A50)'%51%8-)3A%8*)%EEC%
E'%(/0%N/-(-6)*N/5+%N)0'01(*(5-1%-,%(/0%+2))01(%+-1,35+('%51%$,6/*15'(*1%*1A%E)*Y%'/*N0A%&L%*%10B%
T51(*165&30%()2(/U%A0,510A%&L%(/0%+-..-1%(/)0*(%-,%(0))-)5'.`%%E1%(/0%N)0'01(%*60%-,%0*'53L%
.*15N23*(0A%A565(*3%5.*60)L7%63-&*35'.7%*1A%N-'(=.-A0)1%(/0-)L%5'%K0)5(L%'(533%+-1'5A0)0A%51/0)01(%
51%B*)%N/-(-6)*N/L%&L%(/0%N2&35+`%%$)0%B0%-1+0%*6*51%+-.N35+5(%51%-2)%*++0N(*1+0%-,%5A0-3-65+*33L%
A)5K01%N/-(-V-2)1*35'.`%%@/5'%N*N0)%B533%*AA)0''%(/0'0%Y20'(5-1'%*1A%-(/0)'%*'%B0%+-1'5A0)%51%
+-1(0.N-)*)L%B*)%N/-(-6)*N/L%(/0%)030K*1+L%-,%!.5(/\'%+*33%,-)%*1%0(/5+*3%T51(*165&30%()2(/CU
N3%%&!,(.+!!H%)(38.!/0.0$!1234$(530*+!!U$-!L)(Q%
4L%.*51%&-AL%-,%'+23N(2)0%5'%(/)00=A5.01'5-1*3%+-1+)0(0%6)*,,5(5C%%E%B533%*3'-%'/-B%*%'0)50'%-,%
'-+5*33L%*1A%N-35(5+*33L%+/*)60A%*''0.&3*60%N50+0'%01(5(30A!S!1&*'/!S3!T$!I6CV!
N328$(%30$(&!/.(.7+!!A)%<@#3.!1234$(530*+!!N)<5$5!)2!/%)?$5!.28!N3%%5R!!P<(0!/=7-300$(M5!
3&'6F0,(!32!;D3%$!
C,C!UK'!>J;/;U'!
N)::@.22&!"%@.+! /0<83)X2+!!"!S35<.%!J$?($5$20.03)2!):!L)(85!.28!;D?($553)25!32!.!
G3%329<.%!6328R!!>)50$(!/$(3$5%
$'%*%&535162*3%'N0*S0)%*1A%A0'5610)7%E%*.%+-1'(*1(3L%(/51S516%-,%B-)A'7%(/05)%.0*15167%*1A%(/05)%
35(0)*3%()*1'3*(5-1C%%@/51S516%-,%+-..-1%0RN)0''5-1'7%*1A%-(/0)'%1-(%'-%+-..-17%E%'(*)(0A%*%'0)50'%
-,%N-'(0)'%A0'5610A%(-%K5'2*33L%)0N)0'01(%B/*(%B-)A'7%5A0*'7%N/)*'0'7%*1A%'01(01+0'%35(0)*33L%
.0*1%,)-.%(/0%N0)'N0+(5K0%-,%*%&535162*3%'N0*S0)C%%@/0%N-'(0)'%*)0%51(01A0A%(-%&)0*S%*N*)(%(/0%
V2R(*N-'5(5-1%-,%(/-26/('%51%N/)*'0'%-)%B-)A'7%,-)%51'(*1+0%T&2((0),3L7U%&2((0)=,3L7%,3L%-1%&2((0)`7%
&2((0)%(/*(%,350'`%%@/0%N-'(0)'%*5.%(-%0R*.510%-2)%2'0%-,%3*162*607%/-B%5(%.*S0'%'01'07%-2)%
*++0N(*1+0%-,%B-)A'%*1A%0RN)0''5-1'7%*1A%23(5.*(03L%-2)%5.N35+5(%0RN0+(*(5-1%-1%&535162*3%
'N0*S0)'%(-%*++0N(%(/0'0%)230'C%%P0516%5..0)'0A%51%*%'0+-1A%3*162*60%5'%*%+-1'(*1(%V2663516%-,%
+-1(0R('%*1A%+23(2)0C%%8-)A'%A5,,0)%51%.0*1516%B/01%3--S0A%*(%51%5'-3*(5-1C%%@/0%N-'(0)'%B533%
/-N0,233L%+)0*(0%*1%*B*)010''%(/*(%0RN)0''5-1'%*)0%+-1(0R(2*37%*1A%&535162*3%'N0*S0)'%*)0%
+-1'(*1(3L%*((0.N(516%(-%.*S0%'01'0%-,%(/0.%B/530%*3'-%'()2663516%(-%A0,510%(/05)%5A01(5(L%*'%
&535162*3%'N0*S0)'C!
N)%#())Q&!>.0(3=Q+!!,28$?$28$20!"(0350+!!,2:$=0329!07$!N)50[%
"K*%*1A%M)*1+-%4*((0'%G*S*%?;??;?;;;?;?;;?;C-)6H%*1A%4*)51*%$&)*.-K5+%)0+01(3L%)001*+(0A%
5.N-)(*1(%N0),-).*1+0'%,)-.%(/0%j?\'%*1A%<?\'%51%!0+-1A%W5,0%*1A%(/0%[26601/05.7%)0'N0+(5K03LC%
F-B%.*L%B0%2'0%&-(/%-,%(/0'0%N)-V0+('%*'%*%S0L%,-)%21A0)'(*1A516%(/0'0%)001*+(.01('%*1A%(/0%
(01'5-1'%-,%0.&-A5.01(7%)0N)0'01(*(5-17%*1A%K5)(2*35(L`!
N)<50)2&!P$((+!!6.(*%.28!,25030<0$!A)%%$9$!):!"(0+!!')-.(85!.2!,=)2)%)93=.%!J$.8329!):!B.0$!
6$83$4.%!,0.%3.2!,@.9$5!):!07$!6.55.=($!):!07$!,22)=$205%
E.*60'%-,%(/0%4*''*+)0%-,%(/0%E11-+01('%*)0%)03*(5K03L%+-..-1%51%3*(0%.0A50K*3%E(*35*1%1*))*(5K0%
+L+30'%G51+32A516%D5+-3*%g5'*1-\'%!501*%N23N5(7%[5-K*115%g5'*1-\'%g5'(-5*%N23N5(7%*1A%[5-((-\'%
$)01*%#/*N03%N)-6)*.H%*1A%+30*)3L%A0N01A7%23(5.*(03L7%2N-1%*%B033=S1-B1%P5&35+*3%N*''*60%
G4*((/0B%>c;jHC%%8/530%(/0%+01()*3%'2&V0+(%5'%,*.535*)7%/-B0K0)7%*%12.&0)%-,%3-+*3%K*)5*(5-1'%51%
A0(*53%/*K0%10K0)%&001%,233L%*1*3LQ0A%*1A%0RN3*510Aq%'5.53*)3L7%(/0%1*))*(5K0%*1A%'()2+(2)*3%)-30'%
(/*(%'2+/%5.*60'%N3*L%51%(/05)%3*)60)%+L+30'%/*K0%10K0)%&001%+-330+(5K03L%0R*.510AC%%@/5'%N*N0)7%
(/017%B533%*((0.N(%(-%A-%'0K0)*3%(/516'c%5(%B533%+-1'5A0)%'-.0%-,%(/0%5+-1-6)*N/5+%K*)5*(5-1'%51%
_2601(-%*1A%@)0+01(-%5.*60'%-,%(/0%4*''*+)07%*1A%B533%*((0.N(%(-%)0*A%(/0.%51%)03*(5-1%(-%
&)-*A0)%)03565-2'%*1A%'-+5*3%+-1(0R('q%*1A%5(%B533%&0651%(-%+-1'5A0)%(/0%N)0+5'0%1*))*(5K0%,21+(5-1'%
-,%(/0%5.*60'C%%E1%'/-)(7%5(%B533%&0651%(-%'S0(+/%*1%5+-1-3-65+*3%51(0)N)0(*(5-1%-,%(/0%'+010%51%3*(0%
.0A50K*3%E(*3LC
F.=Q5)2&!/<5.2!\+!!6.(57.%%!1234$(530*+!!'7$($M5!/)@$07329!.#)<0!6.(*!6.98.%$2$R!!/)@$!
O<$503)25!A)2=$(2329!N$(!A<%0%
X1-B1%(-%(/0%[1-'(5+'%*'%T(/0%#-.N*15-1%-,%(/0%!*K5-)U%*1A%T(/0%B-.*1%B/-%S10B%(/0%$33U7%
4*)L%4*6A*3010%&0+*.0%(/0%TE&((*3'+ZU%G'5110)H%*1A%T8&'&3'+ZU%G'/0%B/-%0*)1'%.-10L%,-)%'0RH%(-%
:)(/-A-R%#*(/-35+5'.C%%8/*(%30A%(-%(/5'%)*A5+*3%)051K01(5-1%-,%(/0%,562)0%-,%4*)L%4*6A*30107%B/*(%
'(0N'%B0)0%10+0''*)L%,-)%(/0%#/2)+/%(-%*++-.N35'/%(/5'%()*1',-).*(5-17%*1A%B/L7%A0'N5(0%*33%(/05)%
0,,-)('7%B*'%4*)L%4*6A*3010%*(%(/0%+01(0)%-,%(/0%/0)0(5+*3%#*(/*)*1%#/2)+/%-,%(/0%F-3L%!N5)5(%
*6*51'(%B/5+/%(/0%E1Y25'5(5-1%B*'%,-).0A%51%(/0%;>%(/% #C`%%8/L7%(/017%B*'%'/0%'2+/%*%N-N23*)%
'*51(`%%E1%(/0%N-N23*)%5.*651*(5-17%'/0%B*'%(/-26/(%(-%/*K0%&001%(/0%&)5A0%*(%#*1*C%%"K01%
-)(/-A-R%(/0-3-6L%+-110+(0A%/0)%B5(/%(/0%!-16%-,%!-16'C%%8/*(%B*'%(/0%T)0*3U%.0*1516%-,%*33%
(/-'0%*1-51(516'%-,%Z0'2'%'/0%21A0)(--S%51%(/0%[-'N03'`%%$1A%B*'%'/0%)0'N-1'5&30%,-)%(/0%
#*(/*)*1%N)*+(5+0%-,%-)A*51516%B-.01`%
@/0%*1'B0)'%(-%(/0'0%Y20'(5-1'%*)0%1-(%,233L%*K*53*&30%(-%2'7%&2(%(/0%Y20'(5-1'%A0'0)K0%*'S516%
1-10(/030''C%%@/5'%N*N0)%B533%N)-K5A0%*1%-K0)K50B%-,%(/0%*((0.N(%(-%+-K0)%2N%(/0%()2(/%*&-2(%4*)L%
4*6A*3010%*1A%-,%/0)%+2)5-2'%B*L%-,%)00.0)6516%51(-%N)-.5101+0%51%(/0%N-N23*)%5.*651*(5-1!
F$::($*5&!C.438+!!/.4.22.7!A)%%$9$!):!"(0!.28!C$5392+!!H<22*&!U)0R!Xl!632<0$5!):!N3%.(30*!
.28!N)(()(!-307!63Q$!P$%%$*&!>.<%!6=A.(07*!.28!6)20*!>*07)2%
M)-.% (/05)% 0*)350'(% B-)S'7% (/0% *)(5'('% 45S0% X0330L% *1A%g*23% 4+#*)(/L% /*K0%.0*1A0)0A% &0(B001%
_*A*5'(% ()*1'6)0''5-1% *1A% *&'2)A5'(% +-.0ALC% PL% )0'-)(516% (-% 60'(2)0'% -,% )5A5+23-2'10''% *1A%
.-+S516% *1A% N*)-A5'(5+% &0/*K5-)7% &-(/% *)(5'('% /*K0% ()*A0A% &3-B'% B5(/% &-(/% /56/% *)(% *1A% (/0%
*2'(0)5(L% B5(/% B/5+/% (/0% +-21(0)% +23(2)0% -,% (/5'% N0)5-A% +-1A2+(0A% 5('03,C% $AV0+(5K0'% '2+/% *'%
{6)-(0'Y20\%-)%{*&V0+(\%*)0%-,(01%+/-'01%&L%+)5(5+'%(-%A0,510%(/05)%51(01(5-1'7%B/5+/%,-)%.07%&06'%(/0%
Y20'(5-1c%B/*(%*&-2(%(/0%3*26/'`%
85(/-2(% )0V0+(516% (/0% A0&*(0'% 51/0)01(% 51% 0'(*&35'/0A% *1*3L'0'7% E% B5'/% (-% +-1'5A0)% (/0% B-)S% -,%
(/0'0%*)(5'('%(/)-26/%(/0%/53*)5(L%(/*(%5(%+*1%6010)*(0%51%(/0%K50B0)q%*%/53*)5(L%(/*(%+-23A%&0%'*5A%(-%
&0% -1% *% N*)% B5(/% (/*(% +*2'0A% &L% +0)(*51% *'N0+('% -,% (/0% B-)S% -,% 4-1(L% gL(/-17% *% +-.0AL% 6)-2N%
B/-'0%*+(5K0%N0)5-A%B*'%+-1(0.N-)*10-2'%B5(/%(/0%0*)3L%+*)00)'%-,%&-(/%*)(5'('C% F-B%.56/(%B0%
.0*1516,233L%A5,,0)01(5*(0%+0)(*51%N0),-).*1+0'%&L%X0330L%-)%4+#*)(/L%,)-.%{@/0%M5'/%_*1+07\%,-)%
0R*.N307% ,)-.% (/0% @9% '/-B% 4-1(L% gL(/-1\'% M3L516% #5)+2'`% F-B% A-% (/0'0% 3*26/(0)=51A2+516%
.-.01('%,21+(5-1%*1A%*)0%&-(/%N)-10%(-%(/0%/-))-)%-,%(/0%*&V0+(%(/*(%.*1L%5A01(5,L%51%(/0%B-)S%-,%
X033L%*1A%4+#*)(/L`!
F)725)2&!"@*+!!K00$(#$32!A)%%$9$+!!>.(.839@!/73:0R!!"!B$.(2329IA$20$($8!"(0!N350)(*!
A.2)2%
$'%(/0%*)(%/5'(-)L%+*1-1%0RN*1A0A%-K0)%(/0%3*'(%'0K0)*3%A0+*A0'%(-%51+32A0%.-)0%B-)S'%&L%
B-.01%*1A%*)(5'('%-,%+-3-)%*'%B033%*'%*)(%,)-.%&0L-1A%80'(0)1%"2)-N0%*1A%D-)(/%$.0)5+*7%(/0%
0K0)=6)-B516%12.&0)'%-,%0R+5(5167%5.N-)(*1(%B-)S'%(-%&)516%51(-%-2)%*)(%/5'(-)L%*1A%*)(%
*NN)0+5*(5-1%+3*''0'%/*'%&0+-.0%-K0)B/03.516C%%$(%(/0%'*.0%(5.07%N0A*6-65+*3%+-1+0)1'%+*33%,-)%
.-)0%A5'+2''5-1%*1A%*+(5K0%30*)1516%51%+3*'')--.'%*1A%30''%30+(2)516%,)-.%(/0%N)-,0''-)C%%F-B%A-%
B0%&*3*1+0%51()-A2+516%'N0+5,5+%+-1(01(%S1-B30A60%B/530%*33-B516%(5.0%,-)%*+(5K0%30*)1516%
(0+/15Y20'`%%E'%(/0%()*A5(5-1*3%*)(%/5'(-)L%+*1-1%0K01%10+0''*)L`%%4L%N*N0)%+-1'5A0)'%(/0%K*320%51%
.*51(*51516%*%+*1-17%1-(%&0+*2'0%(/0%+*1-1%)0N)0'01('%(/0%T6)0*(0'(U%B-)S'%0K0)%+)0*(0A7%&2(%
&0+*2'0%(/0'0%K0)L%,*.-2'%.-12.01('%N)-K5A0%*%'/*)0A%K5'2*3%0RN0)501+0%*1A%&0+*2'0%(/0%
+*1-1%51()-A2+0'%'(2A01('%(-%(/0%+-1+0N('%,)*.516%(/0%A5'+5N3510%-,%*)(C%%E%+-1'5A0)%(/0%K*320%-,%
(0*+/516%+*1-15+*3%B-)S'%*1A7%A)*B516%-1%(/0%B-)S%-,%WC%_00%M51S%*1A%/5'%&--S7!"'&*3+$7!
:+7$+%+(*$3!P&*'$+$7!?ZE&'+&$(&4,!2$!S$3&7'*3&/!2EE'#*()!3#!-&4+7$+$7!"#..&7&!"#;'4&4%G>??IH7%
'2660'(%*%.0(/-A%,-)%'030+(516%B-)S'%,)-.%(/0%+*1-1%*1A%03'0B/0)0%(/*(%*3'-%/03N'%'/5,(%-2)%
51()-A2+(-)L%+3*''0'%(-B*)A'%&0516%.-)0%30*)1516%+01(0)0A7%)*(/0)%(/*1%+-1(01(%+01(0)0AC
F)725)2&!"@*!6+! 1234$(530*!):!A$20(.%!KQ%.7)@.+! ;@)03)2.%!/$9<$R!;D.@32329!07$!
'(.25303)2!:()@!><($!6$55.9$!0)!;@)034$!A)@@<23=.03)2!32!C$5392!;8<=.03)2%
807%*'%A0'561%0A2+*(-)'7%,-+2'%-1%+)0*(516%'(2A01('%B/-%+*1%A0'561%*1A%0R0+2(0%*%N50+0%(/*(%
2'0'%*%'()-16%+-1+0N(%(-%+30*)3L%+-..215+*(0%*%.0''*60%(-%*%(*)60(0A%*2A501+0C% E1%(/0%0*)3L%
'(*60'%-,%(/0%A0'561%'(2A01(\'%+*)00)%(/0L%*)0%-,(01%(-(*33L%,-+2'0A%-1%.0''*60%*3-10%*1A%,0*),23%
-,%(/0%+-1'()*51('%(/0L%.*L%,*+0%,)-.%+3501('C% @/0'0%N)-V0+('%B533%'/-B%(/0%&)5A6516%-,%(/0%6*N%
&0(B001%N2)0%.0''*60%*1A%0.-(5K0%+-..215+*(5-1%(/)-26/%(/0%+)0*(5-1%-,%0.-(5-1*3%.*6*Q510'%
*1A%&--S'%(/*(%5.N-'0%'()5+(%+-1'()*51('C% E1!:&7;&%'(2A01('%+)0*(0%*%.51A%.*N%*1A%*1*3LQ0%(/0%
)0'23(516%A5*6)*.%(-%A0(0).510%5('%'()-160'(%*1A%.-'(%+-.N033516%351S*60'%(/*(%(/0L%.2'(%(/01%
2(535Q0%51%(/0%+)0*(5-1%-,%(/05)%&--SC% @/0!?8#3+#$*.!<*7*^+$&%,-)+0'%'(2A01('%(-%0RN3-)0%&0L-1A%
(/0%-&K5-2'%(LN0%5.*60%)03*(5-1'/5N'%&L%0R*.51516%,5K0%,*+0('%-,%*1%0.-(5-1%2'516%*%.*R5.2.%-,%
(/)00%'03,%6010)*(0A%5.*60'7%*1A%1-%.-)0%(/*1%'0K01%B-)A'%N0)%'N)0*AC% @/5'%N*N0)%B533%A5'+2''%
/-B%(/0%2'0%-,%+-1'()*51(%*1A%(/0%6010)*(5-1%-,%K5'2*3%1*))*(5K0%'N*)S0A%&L%.0(/-A-3-65+*3%
N)-&30.%'-3K516%B533%+)0*(0%*%'(2A01(%B/-%5'%*&30%(-%6-%&0L-1A%N2)0%.0''*60%*1A%.*S0%*1%
0.-(5-1*3%+-110+(5-1%B5(/%(/05)%(*)60(C!
F)725)2&!F$((*+!!'()*!1234$(530*+! N$(85&!N<(8%$5!.28!N)3505R!!'7$!A)%%.#)(.034$!/0<83)!
;D?$(3$2=$%
8/*(%/*NN01'%B/01%N/-(-6)*N/0)'7%N*51(0)'7%A0'5610)'7%'+23N(-)'7%K5A0-6)*N/0)'7%N)51(.*S0)'7%
A565(*3%*)(5'('%*1A%N0),-).0)'%+-1K0)60%51(-%*%&301A0A%'(2A5-%+-2)'0`% @/5'%N)0'01(*(5-1%B533%
)0K0*3%(/0%+-33*&-)*(5K0%'(2A5-%0RN0)501+0%*'%&0516%35S0 (#8E#43!W%*%A0+*L516%.5R(2)0%-,%-)6*15+%
*+(5K5(L%(/*(%01)5+/0'%(/0%3*1A'+*N0%-,%*)(%0A2+*(5-1C% @/5'%.0(*N/-)%B533%&0%0RN*1A0A%*'%B033%*'%
(/0'0%Y20'(5-1'%*AA)0''0Ac%8/*(%5'%)0*33L%/-N0A%,-)%B/01%+)-''=N-3351*(516%.0A5*7%A5'+5N3510'%
*1A%N0)'-1*35(50'`% #*1%(/0)0%&0%'N0+5,5+%0RN0+(0A%30*)1516%-2(+-.0'%-)%*)0%(/-'0%-2(+-.0'%*'%
/L&)5A5Q0A%*1A%*'%21N)0A5+(*&30%*'%(/0%'+01*)5-%5('03,`% #*1%-10%(0*+/0)%*AA)0''%(/0%*+*A0.5+%
100A'%-,%'-%.*1L%*)(5'('a'(2A01('%B5(/%K*)L516%'(2A5-%0.N/*'0'`% @/5'%N)0'01(*(5-1%B533%
'/-B+*'0%(/0%263L%*1A%&0*2(5,23%0RN0)501+0'%-,%*%+-33*&-)*(5K0%'(2A5-%+-2)'0%1-B%51%5('%'0K01(/%
6)-B516%'0*'-1C!
F)2$5&!"(07<(!H+! 1234$(530*!):!U)(07!C.Q)0.+! "(0M5!J)%$!)2!.!1234$(530*!A.@?<5%
#*.N2'%*)(%+-330+(5-1'%'-.0(5.0'%,*+0A%N)-&30.'%51K-3K516%+-1'0)K*(5-1%5''20'7%'0+2)5(L%
G0'N0+5*33L%5,%B-)S'%&L%,*.-2'%*)(5'('%*)0%A5'N3*L0A%51%N2&35+%'N*+0'H7%(/0%3*+S%-,%0A2+*(5-1*3%
&010,5('%51%(/0%2'0%-,%*)(7%(/0%*&'01+0%-,%'0)5-2'%)0'0*)+/%-1%*)(%-&V0+('7%*1A%(/0%6010)*3%*((5(2A0%
(/*(%(/0%.*51%,21+(5-1%-,%*)(%5'%A0+-)*(5-1C%
]D_%$)(%#-330+(5-1'%&06*1%-N0)*(5-1'%51%(/0%'N)516%-,%>??f%*'%(/0%]15K0)'5(L%-,%D-)(/%_*S-(*\'%
-,,5+5*3%215(%(-%3--S%*,(0)%(/0%*)(%-B10A%&L%(/0%51'(5(2(5-1%*1A%(-%&0((0)%2(535Q0%(/5'%*)(%,-)%0A2+*(5-1%
*1A%+-..215(L%+23(2)*3%01)5+/.01(C% P)50,3L%'(*(0A7%(/0%6-*3'%-,%(/5'%-N0)*(5-1%*)0%(/0%5.N)-K0A%
2'0%-,%*)(%,-)%(0*+/5167%)0'0*)+/%*1A%-2()0*+/m*'%B033%*'%(/0%'0+2)5(L%*1A%N)0'0)K*(5-1%-,%*)(%
-B10A%&L%(/0%]15K0)'5(LC% @/0%#/*5)%-,%(/0%$)(%_0N*)(.01(%(--S%-1%(/0%*''561.01(%*'%(/0%_5)0+(-)%
-,%]D_%$)(%#-330+(5-1'%*1A%-(/0)%,*+23(L%.0.&0)'%*6)00A%(-%*''5'(%&L%K-321(00)516%N)-,0''5-1*3%
'0)K5+0'%,-)%'N0+5*3%N)-V0+('%-)%*6)00A%(-%(*S0%-1%+2)*(-)5*3%*''561.01('C% !0K0)*3%'(2A01('%B0)0%
*3'-%*(()*+(0A%(-%K*)5-2'%-NN-)(215(50'%(/*(%]D_%$)(%#-330+(5-1'%N)-K5A0A7%'2+/%*'%0RN0)501(5*3%
0A2+*(5-1%*1A%.2'02.%51(0)1'/5N%+)0A5(C% @/0)0,-)07%]D_%$)(%#-330+(5-1'%/*'%*3)0*AL%/*A%*%
'5615,5+*1(%5.N*+(%-1%(/0%*)(%N)-6)*.%*1A%(/0%]15K0)'5(L%*'%*%B/-30C
F<503=$&!L3%%+!!1234$(530*!):!A.%3:)(23.&!/.20.!A(<E+!!A)2=$?0<.%!,20$(4$203)25R!!U$0b-)(Q$8c!
>$(:)(@.2=$!07.0!($=%.3@5!S3(0<.%!,2:(.50(<=0<($5%
$'%*%N)*+(5+516%_565(*3%40A5*%$)(5'(%B5(/%*%&*+S6)-21A%51%W5(0)*(2)0%*1A%#3*''5+'7%E%*.%51(0)0'(0A%
51%'+/-3*)'/5N%(/*(%*((0.N('%(-%5A01(5,L7%'()2+(2)07%*1A%'5(2*(0%+-1(0.N-)*)L%51(0)A5'+5N351*)L%*)(%
N)*+(5+0'%51%B*L'%(/*(%.*S0%(/05)%-1(-3-65+*3%N)-+0''0'%.-)0%21A0)'(*1A*&30%B/530%)0(*51516%*1A%
'-.0(5.0'%+)0*(516%51'(5(2(5-1*3%*B*)010''%-,%'2+/%B-)S'\%'5615,5+*1+0%51%*+*A0.5+%*1A%*)(%
N)*+(5+*3%+5)+30'C%%P0L-1A%*NN)-*+/516%(/)-26/%(/0%35(0)*3%'()2+(2)0'%-,%(/0%0g3*(,-).'%(/0.'03K0'7%
(/0%N*N0)%B533%'00S%*%+-1+0N(2*3%N-51(%-,%01()L%)03*(516%(/0%B-)S'%51%+-1(0R(%-,%(/0%+-.0A5+%
+-1K01(5-1'%(/2'%+30*)3L%5332.51*(516%(/0%.0+/*15'.'%-,%'-+5*3%+)5(5Y20C% 8/530%/LN0)&-3-2'%2'0)'%
l%:&*A5S07%#-1)*A%P*SS0)7%{0&*LA*L\%+-.5+*33L%0R*660)*(0%(/05)%+-1'2.N(5K0%+3*5.'%(/)-26/%
A5+(5-17%*1A%.5R0A%.0A5*%)/0(-)5+7%51+-16)2-2'%2'0'%=%P)-AL%#-1A-1\'%T903K0(=!()5S0U7%]%-,%
D0K*A*7%^01-\'%Tz2*S0aM)501A'U7%!0+-1A%W5,0%A565(*3%(0))-)5'.7%*)0%.*)S0A%&L%210RN0+(0A%
.5'2'0'%&L%(/0%1-).*(5K0C%%E1,035+5(-2'%2'0)'7%,-33-B516%51%()*A5(5-1%B5(/%(/0%35S0'%-,%T3-103L65)3;fU7%
Z0115#*.7%g0NN0).51(7%0(%*37%)0N)0'01(%(/)-26/%.5'a,5+(5-1*3aN-0(5+%)0N)0'01(*(5-1'%*'%)/0(-)5+C%%E%
*3'-%51(01A%(-%A5'+2''%g0NN0).51(%51%{51'(5(2(5-1*3\%+-1()*'(%(-%(/0%[5,%'/-B7%&-(/%-1%(/0%'*.0%
N3*(,-).7%*'%51,035+5(-2'%2'0)'%&0()*L516%(/0%N)0(01'0%-,%4L!N*+0\'%*''2.N(5-1'%B5(/%)06*)A%(-%
5A01(5(L%*'%B033%*'%g0NN0).51(\'%4L!N*+0%51%)03*(5-1%(-%(/0%.*1L%{,)501A'\%/5'%51'(5(2(5-1\'%N)-,530%
/*'%*++2.23*(0AC!
P.(.Q.5&!/=)00+!!H%)(38.!\<%:!A).50!1234$(530*+!!B$55)25!:()@!07$!;07$(R!15329!'$=72)%)9*!
0)!H.=3%30.0$!B$.(2329!32!.!B.(9$I;2()%%@$20!K2%32$!,20()8<=03)2!0)!07$!S35<.%!.28!
>$(:)(@329!"(05%
8/01%M3-)5A*%[23,%#-*'(%]15K0)'5(L%-N010A%5('%A--)'%51%;nn<7%(/0%A0+5'5-1%B*'%.*A0%(-%51+32A0%51%
(/0%6010)*3%0A2+*(5-1%N)-6)*.%*%)0Y25)0A%/2.*15(50'%+-2)'0%01(5(30A%F]4%>f;?c%]1A0)'(*1A516%
(/0%95'2*3%*1A%g0),-).516%$)('C%%E15(5*33L%A0'5610A%*'%*%()*A5(5-1*3%30+(2)0%+-2)'0%A5K5A0A%51(-%
'0+(5-1'%-,%(/5)(L%'(2A01('%*N50+07%F]4%>f;?%)*N5A3L%&0+*.0%21.*1*60*&30%A20%(-%)*N5A3L%
51+)0*'516%01)-33.01(7%+-2N30A%B5(/%'(*61*1(%,21A516%30K03'C%%85(/%.-)0%*1A%.-)0%'0+(5-1'%&0516%
(*26/(%&L%N*)(=(5.0%,*+23(L7%(/0%+-2)'0%)*N5A3L%3-'(%+-/0)01+07%*1A%'(2A01(%'*(5',*+(5-1%A0+3510A%
.*)S0A3LC%
$'%*%)0'23(7%(/0%215K0)'5(L%*NN350A%,-)%*%6)*1(%(-%0.&*)S%-1%*%.*V-)%)0A0'561%N)-V0+(%(-%+-1K0)(%
F]4%>f;?%(-%*1%-13510%,-).*(C%%@/0%)0'23(516%,5)'(=6010)*(5-1%-,%+-2)'0%)0A0'5617%,0*(2)516%*%
+-/0)01(%*))*L%-,%K5)(2*3%*''561.01('%*1A%*1%*3(0)1*(5K0%'(*,,516%.-A037%/*'%)0'23(0A%51%'5615,5+*1(%
01/*1+0.01(%-,%'(2A01(%30*)15167%B/530%*++-..-A*(516%N0)'5'(01(3L%/56/%*112*3%)*(0'%-,%
01)-33.01(%6)-B(/C%%@/5'%N*N0)%'00S'%(-%N)0'01(%'-.0%-,%(/0%S0L'%(-%'2++0''%*1A%30''-1'%30*)10A%
&L%(/0%A0K03-N.01(%(0*.%51%B-)S516%B5(/%(/0%-13510%K0)'5-1%-,%F]4%>f;?%-K0)%(/0%N*'(%,5K0%
L0*)'7%*3-16%B5(/%'-.0%N)035.51*)L%5A0*'%-1%(/0%N3*110A%10R(%6010)*(5-1%-,%-13510%+-2)'0%A0'561C!
P.(%%&!F<%3.+!!1234$(530*!):!P.25.5+!!"==<@<%.03)2!.28!C355)%<03)2%
4L%+)0*(5K0%N)-+0''%)0,30+('%.L%.01(*3%N)-+0''%-,%-&'0''5-1%*1A%-&356*(5-1%(-%)0*A%*1A%B*(+/%
(/0%10B'C%%W0((516%(/0%)0N0(5(5-1%-,%-&V0+('%B5(/51%0*+/%N50+0%'L.&-35Q0%(/0%(/-2'*1A'%-,%'(-)50'%-,%
K5+(5.'%(-%K5-301+0C%%E%B*1(%(-%0RN)0''%.L%,)2'()*(5-1%*1A%'*A10''%B/530%.*S516%+-110+(5-1'%B5(/%
-(/0)'%B/-%,003%(/0%'*.0C%
E%/*K0%V2'(%+-.N30(0A%*%&-AL%-,%B-)S%(5(30A%b$++2.23*(5-1%*1A%_5''-32(5-1b%*1A%B-23A%N)0'01(%(/0%
B-)S7%.L%(/-26/(%N)-+0''%*1A%)0'0*)+/%(/)-26/-2(C%%]'516%(/0%*+(2*3%10B'N*N0)'%)0N-)('%-,%
B-)3A%+-1,35+(%*1A%K5A0-(*N0'%-,%.535(*)L%()*51516%*'%.L%.*(0)5*3'7%E%&)516%3*L0)'%-,%.0*1516%(-%(/0%
B-)SC%%85(/%*%,-+2'%-1%(/0%,-).*3%Y2*35(50'%-,%(-107%(0R(2)07%.*(0)5*3'7%'5Q0%*1A%B*33%N3*+0.01(7%E%
+)0*(0A%*1%51'(*33*(5-1%-,%'-.&0)%)0,30+(5-1C%%E%51K5(0A%(/0%K50B0)'%(-%51(0)*+(%B5(/%(/0%B-)S7%B*3S516%
-1%*%10B'N*N0)%)26%*1A%)0.-K516%/*1A.*A0%63-K0'%*1A%/*1AS0)+/50,'7%A0+-1'()2+(516%(/0%'/-B%
N/L'5+*33L%(-%'L.&-35Q0%3-''C
P.E@3$(=E.Q&!;%Q.+!!/)<07$(2!,%%32)35!1234$(530*+!!"(0!:)(!;@?)-$(@$20R!>()9(.@!
C$4$%)?@$20&!/<50.32.#3%30*&!.28!;8<=.03)2.%!K<0($.=7%
@/5'%N*N0)%B533%N)0'01(%*%(/)00=L0*)%0RN0)501+0%-,%K-321(00)516%*'%*%,-21A516%A5)0+(-)%-,%(/0%$)(%
,-)%".N-B0).01(%N)-6)*.%*(%*%1-1=N)-,5(%-)6*15Q*(5-1%(/*(%'0)K0'%'2)K5K-)'%-,%A-.0'(5+%*1A%
'0R2*3%*&2'0C%@/0%N)0'01(*(5-1%B533%A0'+)5&0%*%.23(5,*+0(0A%'()*(06L%,-)%(/0%A0K03-N.01(%-,%(/0%
N)-6)*.%51K-3K516%(/0%A0K03-N.01(%-,%*%()0*(.01(%N3*17%()*51516%*1A%'2N0)K5'5-1%-,%'(*,,%*1A%
'(2A01(%K-321(00)'7%,21A)*5'516%*1A%6)*1(%B)5(5167%0A2+*(5-1*3%-2()0*+/7%N2&35'/5167%B0&%'5(0%
A0K03-N.01(7%*1A%*112*3%0R/5&5(5-1'%-,%B-)S'%&L%'2)K5K-)'%B/5+/%6)0*(3L%&010,5(%(/0%'2)K5K-)'%*1A%
(/0%-)6*15Q*(5-17%&L%0.N-B0)516%'2)K5K-)'%*1A%51+)0*'516%K5'5&535(L%*1A%N-'5(5K0%N2&35+%5.*60%-,%
(/0%*601+LC%%@/0%N)0'01(*(5-1%B533%'/-B%/-B%'2+/%*%N)-6)*.%+*1%&0%A0K03-N0A%B5(/%.515.*3%2N=%
,)-1(%0RN01A5(2)0'C%
@/5'%N)0'01(*(5-1%B533%A0'+)5&0%(/0%'(0N'%(-%0'(*&35'/%(/0%N)-6)*.%*1A%(/0%'()*(06L%,-)%,21A)*5'516C%
E(%B533%0.N/*'5Q0%*%N2&35+*(5-1%(5(30A%T$)(%-,%!2)K5K*3c%8-.017%F0*35167%*1A%(/0%$)('U7%*%
+-33*&-)*(5-1%-,%*)(5'('7%B)5(0)'7%/2.*15'('7%*1A%(/0)*N5'('%(-%+-..215+*(0%B5(/%(/0%3*)60)%
+-..215(L%5''20'%-,%K5-301+0%*6*51'(%B-.01%*1A%(/0%()*1',-).*(5-1*3%N-B0)%-,%+)0*(5K5(LC%%@/5'%
N)0'01(*(5-1%B533%,-+2'%-1%/-B%*1%515(5*(5K0%35S0%$)(%,-)%".N-B0).01(%+*1%6*51%(/0%'2NN-)(%-,%(/0%
'(*,,%*1A%B-)S516%B5(/%,21A516%*601+50'c%3-+*37%'(*(0B5A07%*1A%1*(5-1*3C!
P.*0$5&!F)%3$!G+!!L.573290)2!/0.0$!1234$(530*+!!C3J)5.&!/[email protected].+!!;%)2!1234$(530*+!
\.07$(329!C<50R!/$83@$20]/$203@$20!
A*3)&'+$7!-;43,!:&/+8&$3B:&$3+8&$3%5'%*1%51(0)A5'+5N351*)L%N)-V0+(%(/*(%51(06)*(0'%N-0()L%*1A%
.5R0A=.0A5*%(-%+-1K0L%3*L0)0A%1*))*(5K0'%)06*)A516%60-3-6L7%.0.-)L7%*1A%/2.*1%-++2N*(5-1%-,%
(/0%3*1A'+*N0C%E(%01+-.N*''0'%)0*35(L%*1A%51K01(5-1%= K5'5-1%*1A%(/0%K5'5-1*)LC%
E1'N5)0A%&L%(/0%'(2AL%-,%3*1A,-).'%G60-.-)N/-3-6LH7%(/0%N)-V0+(%2'0'%(/0%+-1+0N(%-,%
'0A5.01(*(5-1%(-%0RN3-)0%5''20'%-,%'01(5.01(*35(LC%%!0A5.01(7%)--(0A%51%(/0%W*(51%K0)&!4&/&'&G%
.0*1'%b(-%'0((307%(-%'5(b%*1A%)0,0)'%(-%A0N-'5(516%'2&'(*1+0'C%%!01(5.01(7%,)-.%(/0%W*(51!4&$3+'&G%
.0*1'%b(-%,003b%*1A%5'%*''-+5*(0A%B5(/%+-330+(516%*1A%)0+-330+(516%.0.-)50'C%%P-(/%(0).'%*332A0%(-%
(/0%N)-+0''0'%-,%'0((516%A-B1%.*(0)5*3%*1A%3*L0)516C%%E1%351S516!4&/+8&$3%*1A!4&$3+8&$37%(/0%
N)-V0+(%0R(01A'%(/0%3*162*60%-,%'+501+0%(-%)0K0*3%/-B%/2.*1'%0RN0)501+0%*1A%)0.0.&0)%(/0%
6)-21Aq%5(%0R*.510'%/-B%N0-N30%51/*&5(%*1A%*)0%N)-A2+('%-,%3*1A'+*N0%N)-+0''0'C%
$%+-33*&-)*(5K0%01A0*K-)%&0(B001%*%/L&)5A=.0A5*%*)(5'(%*1A%*%3*1A'+*N0%(/0-)5'(%*1A%B)5(0)7!
A*3)&'+$7!-;43,!:&/+8&$3B:&$3+8&$3%)0'23('%51%(0R(2*37%*2)*37%*1A%N5+(-)5*3%,-).'%(/*(%01+-2)*60%
51K01(5K0%()*K03%*1A%)0,30+(5-1%&0(B001%'+501+0%*1A%*)(7%&0(B001%60-3-6L%*1A%0.-(5-17%&0(B001%
3*1A'+*N0%*1A%.0.-)LC% @/5'%*)(5'(%N)0'01(*(5-1%B533%01+-.N*''%*%A5'+2''5-1%-,%(/0%N)-V0+(7%*%
)0*A516%-,%N-0()L7%*1A%*%'+)001516%-,%K5'2*3%*1A%*2)*3%B-)S%51%N)-6)0''C!
P$$2$(&!A7(*5032$!B+! L$50$(2!A.()%32.!1234$(530*+! >)20)(@)M5!A7)3(!.0!/.2!B)($2E)R!
>)%303=.%!>()?.9.28.!.28!C*2.503=!/*@#)%35@%
E1%;fJj7%(/0%*)(5'(%Z*+-N-%#*)2++5%Gg-1(-).-H%B*'%*B*)A0A%(/0%.2+/=N)5Q0A%+-..5''5-1%(-%
,)0'+-%(/0%+/-5)%-,%(/0%+/2)+/%-,%!*1%W-)01Q-%l%(/0%40A5+5%,*.53L%N*)5'/C% @/0%!*1%W-)01Q-%
,)0'+-0'%B0)0%g-1(-).-\'%,51*3%B-)S'7%016*6516%(/0%.*0'()-\'%*((01(5-1%,-)%(/0%3*'(%(01%L0*)'%-,%
(/5'%35,07%&2(%30,(%51+-.N30(0%2N-1%/5'%A0*(/%-1%;%Z*12*)L7%;ff<C% ]1,-)(21*(03L7%A20%(-%'()2+(2)*3%
*3(0)*(5-1'%B5(/51%(/0%+/2)+/%*1A%(/0%+*N)5+0'%-,%(5.0%*1A%(*'(07%g-1(-).-\'%,)0'+-0'%*)0%1-%
3-160)%K5'5&30C%D05(/0)%+*)(--1'%1-)%.-A03'%-,%(/5'%+L+30%/*K0%'2)K5K0AC% @/0%-13L%'2)K5K516%
)0+-)A'%*)0%(/0%*)(5'(\'%N)0N*)*(-)L%A)*B516'7%.*513L%/-2'0A%(-A*L%51%(/0%[*330)5*%A0635%],,5Q5C%
E1%.L%()0*(5'07%E%0RN3-)0%(/0%40A5+5%0RN3-5(*(5-1%-,%*)(%*'%*%.0*1'%-,%N-35(5+*3%N)-N*6*1A*C% E1%
N*)(5+23*)7%E%51K0'(56*(0%(/0%*''-+5*(5-1'%&0(B001%g-1(-).-\'%3-'(%,)0'+-0'%*1A%$61-3-%P)-1Q51-\'
'2)K5K516%+L+30%B5(/51%(/0%#*NN033*%A5%"30-1-)*C% P-(/%(/0%+*NN033*%*1A%(/0%!*1%W-)01Q-%+/-5)%
B0)0%N)-V0+('%515(5*(0A%&L%[)*1A%_2S0%#-'5.-%E%A0\%40A5+5C% E(%5'%.L%&0350,%(/*(%#-'5.-%E%51(01A0A%
(/0%+/-5)%,)0'+-0'%(-%&0%(/0%N511*+30%-,%40A5+5%AL1*'(5+%'L.&-35'.7%51+-)N-)*(516%*332'5-1'%(-%/5'%
)-30%*'%*%{A5K5103L\%*NN-51(0A%)230)%B/530%'5.23(*10-2'3L%51(01A516%g-1(-).-\'%B-)S%(-%)5K*3%
45+/03*1603-\'%#*NN033*%!5'(51*%51%*)(5'(5+%'2N)0.*+LC!
P$)-2&!\.(*+!!/)<07$.50$(2!B)<353.2.!1234$(530*+!!'7$!"(0!):!N<@)(R!"!/)=3.%%*!,25?3($8!
S)3=$%
W011L%P)2+07%(/0%A*)S%+-.5+%-,%(/0%;nf?\'%=%0*)3L%;nj?\'%-1+0%'(*(0A%(/*(%/2.-)%B*'%(/0%N2)5'(%
,-).%-,%*)(C% F0%A0,01A0A%(/5'%&L%N)-+3*5.5167%T-10%+*11-(%,*S0%/2.-)CU% 8/01%)0'0*)+/516%
P)2+0\'%.-1-3-620'7%-10%21A0)'(*1A'%/5'%3-16=35K0A%)030K*1+0C% @/0%S0L%5'%/5'%2'0%-,%.0(*N/-)%
*1A%'-+5*3%+-..01(*)LC% 42+/%35S0%P)2+07%(/0%+/*330160%,-)%(/0%K5'2*3%*)(5'(%B/-%*NN350'%/2.-)%5'%
(-%+*)0,233L%+/--'0%+-1(01(%(/*(%B533%&0%N0)(5101(%,-)%*%N0)5-A%-,%(5.0C% @B-%*)(5'('%B/-%.*A0%
'5615,5+*1(%+-1()5&2(5-1'%(-%(/5'%,-).%-,%/2.-)%B0)0%^2&0%[-3A&0)6%*1A%FC%#C%80'(0).*11C% ^2&0%
[-3A&2)6%B/-%2(535Q0A%'-+5*3%+-..01(*)L%51%.*1L%-,%/5'%+-1()*N(5-1'7%N)-A2+0A%B)L%N*)-A50'%-1%
(/0%/2.*1%+-1A5(5-1C% FC%#C%80'(0).*11%0RN3-)0A%(/0%A*)S%'5A0%-,%/2.-)%)0N)0'01(516%.01(*3%
*1625'/%(/)-26/%K5'2*3%+-.&51*(5-1'%-,%+-1()*A5+(-)L%+/*)*+(0)5'(5+'%*1A%K0)&*3%*1A%K5'2*3%N21'C%
85(/%)0'N0+(%(-%+-1(0.N-)*)50'7%8*3(-1%M-)A%5'%0RN3-)516%51(0)0'(516%'-+5*33L%A0)5K0A%B-)SC%F0%
&301A'%A0N5+(5-1'%-,%1*(2)*3%/5'(-)L%B5(/%N-35(5+*3%+-..01(*)LC%M-)A\'%.0(5+23-2'%5.*60'%'*(5)5Q0%*%
K*)50(L%-,%N-35(5+*3%-NN)0''5-1%'5(2*(5-1'%B5(/51%(-A*L\'%'-+5*3%*1A%01K5)-1.01(*3%3*1A'+*N0C%
@/5'%N*N0)%B-23A%0RN3-)0%*)(5'('%B/-%2(535Q0%/2.-)%(/-26/%5)-1L7%'*(5)07%'*)+*'.%*1A%-(/0)%.0*1'%
(-%+)0*(0%*1%51(0330+(2*3%A5*3-6%*&-2(%-2)%'-+5*3%01K5)-1.01(C!
P^$%%@.2IA7.?32&!6)23=.+!!;@?)(3.!/0.0$!1234$(530*+!!'7$!/7($-8!U.n:R!!/$%:IA)250(<=0$8!
6.(932.%30*!.28!K<0538$(!"(0%
8/01%^-60)%#*)A51*3%+-510A%(/0%(0).%T:2('5A0)%$)(U%51%;n<>7%/0%51(01A0A%5(%*'%*1%0Y25K*301(%-,%
Z0*1%_2&2,,0(\'%$)(%P)2(c%B-)S%N)-A2+0A%&L%51A5K5A2*3'%-N0)*(516%&0L-1A%(/0%'()2+(2)0%-,%(/0%*)(%
B-)3AC%%4-)0%)0+01(3L7%*'%#-351%^/-A0'%*1A%-(/0)'%/*K0%)0.*)S0A7%(/0%3*&03%T:2('5A0)%$)(U%5'%2'0A%
(-%A0'+)5&0%*1%51+)0*'5163L%B5A0%*))*L%-,%*)(5'(5+%*+(5K5(50'7%B/5+/%'/*)0%-13L%(/0%+-..-1%
+/*)*+(0)5'(5+%-,%&0516%'5(2*(0A%-2('5A07%-)%51%-NN-'5(5-1%(-7%.*51'()0*.%*0'(/0(5+%+-1+0)1'C%%D-(%
-13L%/*'%5('%&-21A*)50'%&0+-.0%.-)0%51+32'5K07%(/0%N)-,530%-,%-2('5A0)%*)(%/*'%)5'01%+-1'5A0)*&3L7%
-N01516%5(%(-%(/0%N-''5&535(L%-,%&0516%*NN)-N)5*(0A%*'%*1%5A01(5(L%N)0+5'03L%&0+*2'0%(/0%3*&03%
T:2('5A0)U%+-*('%(/0%N)-A2+0)'%*1A%(/05)%N)-A2+(5-1'%51%*%(*R-1-.5+*33L%K*320A%)/0(-)5+C%%@/5'%
N*N0)%51K0'(56*(0'%(/0%&010,5('%*1A%N-(01(5*3%N5(,*33'%-,%2'516%T:2('5A0)U%*'%*%A035&0)*(03L%+/-'01%
*)(5'(5+%5A01(5(LC%%]'516%(/0%0R*.N30%-,%4)5%g53*)7%*%'03,=3*&030A%T:2('5A0)U%B/-%'0((30A%51%W2+*'7%
X*1'*'7%*1%-2('5A0)%*)(5'('\%.0++*%,-)%(/0%)5+/%+-1'(033*(5-1%-,%'03,=(*26/(%B-)S516%51%(/0%*)0*7%E%
0RN3-)0%(/0%B*L'%51%B/5+/%T:2('5A0)7U%51%5('%A0,515(5-1*3%03*'(5+5(L%*1A%+2))01(%+23(2)*3%+*+/0(7%.56/(%
&0%+-=-N(0A%*'%*%N)0.0A5(*(0A%.*)S0(516%A0K5+0C!
P%$32&!63=7.$%+! L$50$(2!P$20<=Q*!1234$(530*+! L3%%$@!8$!P))2329`5!G4H0I0)#51R! >)?<%.(!
/)<(=$5&!L)(%8!L.(!'-)!.28!07$!A)%8!L.(%
85330.%A0%X--1516v'!?Z(*F*3+#$%5'%S1-B1%*'%*%N-B0),23%*1A%A5'(2)&516%N*51(5167%B/5+/%,2'0'%
"2)-N0*1%.-A0)15'.%B5(/%$.0)5+*1%N-N23*)%+23(2)0C% D-(%,233L%A5'+2''0A7%/-B0K0)7%*)0%(/0%
N5+(2)0v'%+*)(--1=35S0%,*+0'7%B/5+/%'1*)37%6)5.*+0%*1A%&5(0%*66)0''5K03L7%*1A%5(' ,562)0'7%B/5+/%
'()26630%*1A%(B5'(%51%*%'/*33-B%'N*+0C% @/5'%N*N0)%B533%0RN3-)0%(/05)%.0*1516C% E(%B533%0R*.510%(/0%
N*51(516v'%A5K0)'0%'-2)+0'7%)*16516%,)-.%.-A0)1%*1A%.0A50K*3%*)(%(-%*15.*(0A%+*)(--1'%*1A%
10B')003'C% @/0'0%'-2)+0'%'2660'(%*%+-110+(5-1%(-%8-)3A%8*)%@B-7%#-3A%8*)%12+30*)%*1R50(L%
*1A%(-%A0%X--1516v'%()-2&30A%N0)'-1*3%/5'(-)LC
@/0%21N)0+0A01(0A%'+*30%-,%/2.*1%'2,,0)516%*1A%A0*(/%-,%511-+01(%+5K535*1'%&0(B001%;nI;%*1A%
;nJf%+-51+5A0A%B5(/%*1%0Y2*33L%21N)0+0A01(0A%Y2*1(5(L%-,%A)*.*(5+%K5'2*3%A-+2.01(*(5-1%51%
10B')003'7%10B'N*N0)'%*1A%.*6*Q510'C% $,(0)%8-)3A%8*)%@B-7%(/0%A0'()2+(5-1%N-''5&30%,)-.%
12+30*)%B*)%B*'%*(%30*'(%*'%(0))5,L516C% $15.*(0A%+*)(--1'7%B/5+/%B0)0%'/-B1%51%.-K50%/-2'0'%
*,(0)%10B')003'7%'/-B0A%/2.*1%*160)%*1A%K5-301+0%2'516%,*1+5,237%/2.-)-2'%+)0*(2)0'C%
b"R+*K*(5-1b%+-1(*51'%()*+0'%-,%(/0'0%/2.-)-2'%+*)(--1%*15.*3'%&2(%B5(/%*%.-)0%-.51-2'%.--A7%
'2660'(516%(/*(%(/0%'2&'(*1+0%-,%10B')003'%*1A%*15.*(0A%+*)(--1'%B0)0%.0)60A%51%A0%X--1516v'%
.51AC!
P%$32&!/7$(3+!!1234$(530*!):!L35=)2532I/0)<0+!!L7.0M5!H<22*!"#)<0!A)20$@?)(.(*!"(0[%
E1%K50B%-,%(/0%)0+01(%'2)60%-,%'+/-3*)'/5N%*1A%51(0)0'(%51%(/0%51(0)'0+(5-1'%-,%*)(%*1A%/2.-)7%(/5'%
N)0'01(*(5-1%B533%0RN3-)0%(/0%)-30%-,%*)(5'(%*'%+-.5+7%*1A%(/0%K*)50(50'%-,%/2.-)%*''-+5*(0A%B5(/%
+-1(0.N-)*)L%K5'2*3%*)(C% :,%5.N-)(*1+0%(-%(/5'%A5'+2''5-1%*)0%(/0%S51A'%-,%(0+/15Y20'%(/*(%*)(5'('%
0.N3-L%(-%'-35+5(%3*26/(0)%,)-.%K50B0)'7%*1A%(/0%51(01(%-,%*)(5'('C% "R*.N30'%B533%&0%N)-K5A0A%(-%
5332'()*(0%(/0%K*'(%3*1A'+*N0%-,%+-1(0.N-)*)L%*)(B-)S'%(/*(%.*L%&0%+-1'5A0)0A%/2.-)-2'C%
#/*330160'%,-)%21A0)'(*1A516%*1A%*NN)0+5*(516%/2.-)%*''-+5*(0A%B5(/%+-1(0.N-)*)L%*)(%B533%&0%
0RN3-)0A%,)-.%(/0%N0)'N0+(5K0'%-,%*)(5'(7%K50B0)'7%*)(%0A2+*(-)'7%*1A%*)(%/5'(-)5*1'C%
;C%8/L%5'%(/0)0%*%'2)60%-,%*)(%0R/5&5('7%&--S'7%*1A%*)(5+30'%-1%(/0%'2&V0+(%-,%/2.-)%51%*)(%*(%(/5'%
(5.0`%
>C%8/*(%S51A'%-,%/2.-)%*)0%*''-+5*(0A%B5(/%+-1(0.N-)*)L%*)(`%GN217%N*)-AL7%'*(5)07%N*)*A-R7%
5)-1L7%&3*+S%-)%A*)S%/2.-)7%,0.515'(%/2.-)%B5(/%0R*.N30'%,)-.%0*+/HC% 8/*(%*)0%'-.0%(0+/15Y20'%
*1A%A0K5+0'%(/*(%*)(5'('%2'0%(-%5615(0%3*26/(0)`%
IC%8/*(%*)0%'-.0%+/*330160'%,-)%21A0)'(*1A516%G*1A%*NN)0+5*(516H%/2.-)%51%+-1(0.N-)*)L%*)(`%
,-)%*)(5'('`%,-)%K50B0)'`%,-)%*)(%/5'(-)5*1'`%,-)%0A2+*(-)'`!
P%<0$2Q.@?$(&!"%%*5)2+! /7.-2$$!/0.0$!1234$(530*9! L)(Q329!"9.3250!07$!\(.32R!6.Q329!
.28!>()@)0329!L)(Q!H()@!"??.%.=73.%
@/0%,5)'(%(B01(L='5R%L0*)'%-,%.L%35,07%E%/*A%*3B*L'%35K0A%51%2)&*1%3-+*(5-1'C%%85(/%*%'()-16%A0'5)0%(-%
.*51(*51%*%+*)00)%51%*+*A0.5*7%E%(--S%*%V-&%51%g-)('.-2(/7%:/5-c%*%'0K0)03L%A0N)0''0A7%,-).0)%
,*+(-)L%(-B17%/-.0%(-%(/0%)0(5)0A%])*152.%"1)5+/.01(%D2+30*)%g3*1(7%!-2(/0)1%:/5-%40A5+*3%
#01(0)7%!/*B100%!(*(0%]15K0)'5(L7%*1A%*&V0+(%N-K0)(LC%%E%'2AA013L%,-21A%.L'03,%B5(/-2(%*%
+-..215(LC% $'%*33%*)(5'('%S1-B7%N)-.-(516%L-2)%B-)S%(*S0'%.2+/%.-)0%(5.0%(/*1%(/0%+)0*(5-1C%%E%
/*K0%30*)10A%35K516%51%)2)*3%01K5)-1.01('%(/*(%(/5'%5'%0K01%.-)0%A5,,5+23(%(/*1%'01A516%-2(%N*+S0('%
*1A%10(B-)S516C% $(%!/*B100%!(*(0%]15K0)'5(L7%E%/*K0%515(5*(0A%*%+-..215(L%-,%30*)1516%(/*(%/*'%
)0'23(0A%51%*%'(2A01(%N/-(-6)*N/L%+-330+(5K0%*1A%'(2A01(%B-)S%(/*(%&LN*''0'%0K01%(/0%&0'(%
'(2A01('%51%-(/0)%.0A5*C%%8/530%(/0%'(2A01(%/*K0%0K01%+)0*(0A%*%TPO:$U%GP)516%O-2)%:B1%$)(H%
156/(%-1+0%N0)%.-1(/7%(/0L%/*K0%&)*1+/0A%-2(%*1A%N*)(5+5N*(0A%51%+3*''%*1A%-2('5A0%+-..215(50'%
-13510%'2+/%*'%M35+S)7%_0K5*1(%$)(7%*1A%4L!N*+0C%%E(%5'%.L%&0350,%(/*(%*'%N)-,0''-)'%B0%'0(%
0R*.N30'%,-)%B-)S%0(/5+%*1A%+-..215(L%515(5*(5K0%*1A%51K-3K0.01(7%*'%'(2A01('%30*)1%(/*(%
51A5K5A2*35(L%5'%-13L%,-21A%B5(/51%*%'030+(0A%+-..215(L%-,%N00)'C!
P23??&!'.@@*+! H%)(38.!"0%.203=!1234$(530*+! C$5392$(!.5!J$5$.(=7$(!.28!"(0350%
E1%(/0%0)*%-,%.-A0)15'.7%6)*N/5+%A0'561%G,-).*33L%(0).0A%+-..0)+5*3%*)(H%B*'%+-1'5A0)0A%T3-B%
*)(7U%+-1()*)L%(-%N*51(516%*1A%'+23N(2)0%B/5+/%B0)0%A0,510A%*'%*%,-).%-,%T/56/%*)(CU%%@/5'%*1(51-.L%
-,%,510%*)('%*1A%6)*N/5+%A0'561%/*'%&001%*%(-N5+%-,%A5'+2''5-1%'51+0%(/0%N-'(.-A0)1%0)*C%
@0).51-3-6L7%/5'(-)5+*33L%2'0A%(-%A0'+)5&0%(/0%'N0+5,5+%*)0*'%-,%+-1+01()*(5-17%51%N*)(%/*'%
+-1()5&2(0A%(-%(/0%N0)+0N(5-1%(/*(%*%&-*)A0)%0R5('%*.-16%(/0%.*1L%*)(%A5'+5N3510'7%+)0*(516%(0).'
'2+/%*'%T/56/%*)(%a%3-B%*)(CU%%#-1(512516%A5'+2''5-1'%)06*)A516%A5,,0)01+0'%*.-16%(/0%*)0*'%-,%
+-1+01()*(5-1%'00.5163L%01,-)+0%(/0%T5.N350AU%3510%(/*(%'0N*)*(0'7%,-)%0R*.N307%(/0%,510%*)('%,)-.%
A0'561%N)*+(5+0'C%%@/5'%N*N0)%0R*.510'%(/0%+-..-1*35(50'%0.N3-L0A%&L%&-(/%,-).'%-,%.*)S=%
.*S516%B/0)0&L%(/0%+-330+(5K010''%0.&)*+0%(/0%'(2AL%-,%T95'2*3%W5(0)*+LCU%
95'2*3%W5(0)*+L%01+-.N*''0'%.23(5N30%,*+0('%-,%*)(%.*S5167%B5(/%30''%0.N/*'5'%A)*B1%(-%(/0%
+*(06-)5Q*(5-1%-,%0*+/%A5'+5N3510C% 95'2*3%W5(0)*+L7%/-B0K0)7%5'%.-)0%+/*33016516%,-)%'(2A01('7%*'%
(/0%'(2AL%A0.*1A'%+)5(5+*3%(/51S5167%(/0-)L7%)0'0*)+/%*1A%*NN35+*(5-1==%*AA5(5-1*3%)0Y25)0.01('%
&0L-1A%(/0%()*A5(5-1*3%'(*1A*)A'C% !(2A01(%N)-V0+('%B533%&0%N)0'01(0A%(-%0R0.N35,L%(/0%'(2AL%-,%
95'2*3%W5(0)*+L%*1A%(/0%+-330+(5K010''%-,%,510%*)(7%+23(2)0%*1A%A0'561C%%@/0'0%B-)S'%-,%*)(%B533%*3'-%
)0,30+(%T_0'5610)%*'%^0'0*)+/0)%*1A%$)(5'(CU!
P)$239&!L$28*+! 6388%$!'$22$55$$!/0.0$!1234$(530*+! G$28329!K4$(!G.=Q-.(85R!!N*50$(3.!
32!A)20$@?)(.(*!"(0+%
85(/%(/0%;nr>%N2&35+*(5-1%-,!S$F&$3+#$!/&!.R)543&'+&%G()*1'3*(0A%51(-%"1635'/%*'!S$F&$3+#$!#%!
1543&'+*,!!")*'(#3!*$/!3)&!6)#3#7'*E)+(!S(#$#7'*E)5!#%!3)&!:*.E_3'+`'&H7%[0-)60'%_5A5=F2&0).*1%
A0.-1'()*(0A%(/0%)03*(5-1'/5N%&0(B001%N/-(-6)*N/L%*1A%N'L+/5*()L%A2)516%(/0%3*(0%;n(/%+01(2)L%
&L%51K0'(56*(516%(/0%0RN0)5.01(*3%(0+/15Y20'%0.N3-L0A%&L%.0A5+*3%(0*+/0)%*1A%+3515+5*1%Z0*1=%
4*)(51%#/*)+-(%51%/5'%0,,-)('%(-%TA-+2.01(U%+*'0'%-,%/L'(0)5*C% @/)-26/%(/0%2'0%-,%/LN1-'5'7%
030+()-'/-+S%(/0)*NL%*1A%6015(*3%.2(53*(5-17%#/*)+-(%+-.N0330A%/5'%N*(501('%(-%TN-)()*LU%(/05)%
/L'(0)5*3%(LN0%,-)%(/0%+*.0)*%*1A%51%,)-1(%-,%(/0%+)-BA'%B/-%*((01A0A%/5'%1-(-)5-2'%T@20'A*L%
30+(2)0'CU%
85(/%_5A5=F2&0).*1\'%)0'0*)+/%*'%*%'(*)(516%N-51(7%.L%N*N0)%B533%,-+2'%-1%(B-%+-1(0.N-)*)L%
*)(5'('%B/-%*AA)0''%T/L'(0)5*U%51%(/05)%B-)S'C% @/0%,5)'(7%^0&0++*%F-)17%5'%S1-B1%,-)%/0)%
N0),-).*1+0'%2'516%&-AL%0R(01'5-1'%*1A7%.-)0%)0+01(3L7%,-)%'5(0='N0+5,5+%51'(*33*(5-1'%'2+/%*'%
bE1,0)1-b%G;nnfH7%*%(-B0)%-,%/-'N5(*3%&0A'%*''0.&30A%51%(/0%#/*N0330%A0%!*51(=W-25'%A0%3*%
!*3N}()5~)0%51%g*)5'C% @/0%'0+-1A7%#51AL%^0/.7%2'0'%/0)%-B1%&-AL%51%K5A0-%N0),-).*1+0'7%'2+/%
*'%b@-%$)+c%*%'(2AL%51%/L'(0)5+%60'(2)516b%G>??>H7%(-%N/L'5+*33L%016*60%B5(/%(/0%51(0)'0+(5-1'%-,%
A5'0*'07%0)-(5+5'.7%'0R2*35(L%*1A%,0.51515(LC% 8/0(/0)%(/)-26/%&-A53L%N)0'01+0%-)%*&'01+07%(/0%
B-)S'%+-1(5120%(-%bN0),-).b%/L'(0)5*C!
P)9.2&!B$$+!!"@$(3=.2!H)%Q!"(0!6<5$<@+!!A()55329!G)<28.(3$5R!'7$!"@$(3=.2!H)%Q!"(0!
6<5$<@!A)%%$=05!.28!C35?%.*5!/)<07$(2!H)%Q!"(0%
@/0%$.0)5+*1%M-3S%$)(%42'02.%)0+-615Q0'%*1A%K*320'%'-2(/0)1%+23(2)*3%0RN)0''5-1%,)-.%(/0%
056/(001(/%+01(2)L%(-%(/0%N)0'01(C%%@/0%)5+/10''%-,%'-2(/0)1%+23(2)07%5('%'5615,5+*1(%*0'(/0(5+%
N-B0)7%*1A%5('%(/0.*(5+%5.N-)(*1+0%(-%$.0)5+*1%35,0%/*'%&001%*%+-1'5'(01(%030.01(%51%(/0%
.2'02.\'%+-330+(5-1%*1A%0R/5&5(5-1%N)-6)*.'C%
!51+0%5(%-N010A%51%;nj;7%$M$4\'%.5''5-1%/*'%&001%(-%+-330+(7%)0'0*)+/7%*1A%A5'N3*L%B-)S'%&L%
+)0*(-)'%B/-'0%'S533'%B0)0%-&(*510A%(/)-26/%*%K*)50(L%-,%.0*1'%-2('5A0%*+*A0.5+%()*51516%51%(/0%
*)('C%%:,(01%51'N5)0A%&L%'/*)0A%+23(2)*3%/0)5(*607%+-..215(L%()*A5(5-1'7%N*()5-(5'.7%)03565-17%*1A%
N-N23*)%+23(2)07%B-)S%.*L%*3'-%'(0.%,)-.%/56/3L%N0)'-1*35Q0A%0RN)0''5-1%*1A%A)0*.'C%%:&V0+('%
.*L%'0)K0%2(535(*)5*1%100A'%-)%0RN)0''%51A5K5A2*3%&0350,'C%%4*1L%-,%(/0%0.&)*+516%,-).'%*)0%.*A0%
,)-.%0K0)LA*L%.*(0)5*3'%*1A%'0)K0%0K0)LA*L%100A'C%%#-1(0.N-)*)L%0RN)0''5-1'%&L%'03,=(*26/(%
*)(5'('%.*L%&0%,*'/5-10A%,)-.%()*A5(5-1*3%*)(%.*S516%.0A5*%-)%'*3K*60A%.*(0)5*3'%(/*(%/*K0%&001%
()*1',-).0A%51(-%*0'(/0(5+%-&V0+('%*1A%5.&20A%B5(/%N0)'-1*3%.0*1516%,-)%(/05)%+)0*(-)'C%%@/0%
B-)S'%*)0%.*(0)5*3%)0,30+(5-1'%-,%'5615,5+*1(%(/0.0'%51%$.0)5+*1%35,0C%%@/0%.2'02.\'%/-35'(5+%K50B%
*1A%*NN)0+5*(5-1%,-)%'-2(/0)1%,-3S%*)(%N)-.-(0'%*1%-16-516%K5(*3%A5*3-620C
P)%)8E3$^&!6.007$-+!!1234$(530*!):!"Q()2+!!S$(039)R!\(.430*M5!><%%!)2!;243()2@$20.%!"(0%
"1K5)-1.01(*3%*)(5'('%^-&0)(%!.5(/'-1%*1A%Z*.0'%@2))0337%2'516%(/0%0*)(/%*'%(/05)%'(2A5-7%
N5-100)0A%(/0%2'0%-,%6)*K5(L%*1A%30K5(L%*'%(/0%.0*1'%*1A%(/0%'2&V0+('%51%*)(C%%^-&0)(%!.5(/'-1v'%
5+-15+%B-)S'%2'0A%6)*K5(L%&-(/%51%(/0%.*S516%*1A%51%(/0%N)-+0''%-,%0RN0)501+516%(/0%B-)SC%%85(/%
;njn\'!24E)*.3!C;$/#>$%!.5(/'-1%A2.N0A%*%3-*A%-,%*'N/*3(%51(-%*%Y2*))L%'5.23(*10-2'3L%+*'(516%
(/0%0*)(/%B/530%+*N(2)516%()*1'5(-)L%0,,0+('%-,%60'(2)0%*1A%0)-'5-1C! 6*'3+*..5!U;'+&/!Q##/4)&/%
0R0+2(0A%51%;n<?%&L%+-33*N'516%*%'5.N30%'()2+(2)0%21A0)%(/0%'()0''%-,%(B01(L%()2+S3-*A'%-,%A5)(%
.*A0%(5.07%.*''7%*1A%01()-NL%*%K5'2*3%)0*35(LC%%PL%+-1()*'(7%Z*.0'%@2))033\'%-&'0)K*(-)L%*(%^-A01%
#)*(0)%5'%A0'5610A%(-%,-+2'%(/0%K50B0)\'%*((01(5-1%*B*L%,)-.%6)*K5(L\'%N233C%%@/)-26/%+*)0,233L%
.*15N23*(516%(/0%N/L'5+*3%)0*35(L%-,%)-+S%(/0%-)501(*(5-1%(-B*)A%0*)(/%*1A%(/0%/-)5Q-1%5'%)0.-K0AC%
@/0%K50B0)%5'%625A0A%(-%,-+2'7%+-1,)-1(7%*1A%01(0)%(/0%N/L'5+*3%N)0'01+0%-,%356/(C%
@/0%(*3S%B533%+-1'5A0)%/-B%'+501(5,5+%N)51+5N30'%*1A%'+501+0%,5+(5-1%/*K0%51,3201+0A%*)(5'(5+%N)-+0''%
*1A%B-)SC%%E1%(/5'%+-1(0R(7%+-1(0.N-)*)L%*)(5'('%403%#/517%$1AL%[-3A'B-)(/L7%*1A%^-15%F-)1%-,,0)%
+-335A516%N0)'N0+(5K0'%-1%(/0%5.N35+*(5-1'%-,%(/0%,-)+0'%-,%1*(2)0%*1A%(/0%306*+L%-,%(/0%0*)(/B-)S'%
.-K0.01(C!
B.=$*&!/7.()2+! A)%%$9$!):!A7.(%$50)2+!!C(.-329!.5!.!6<%03I/$25)(*!>()=$55%
P0+*2'0%-,%(/0%*33=N0)K*'5K010''%-,%(0+/1-3-6L%*1A%.0A5*7%.2+/%.-)0%K5'2*3%51,-).*(5-1%+*1%&0%
'001%(/*1%+*1%&0%0RN0)501+0AC% $'%[2L%A0%P-)A%0RN3*51'%51!H)&!:#(+&35!#%!:E&(3*(.&7%T$33%(/*(%
-1+0%B*'%A5)0+(3L%35K0A%/*'%&0+-.0%.0)0%)0N)0'01(*(5-1CU% E1%(/5'%A5'+2''5-17%E%B533%*AA)0''%B/L%
(/0%.0)03L%K5'2*3%5'%*%30''%'*(5',*+(-)L%'(5.232'%,-)%*%B-)S%-,%*)(%(/*1%5'%(/0%)0*3%-&V0+(%51%5('%
(*165&30%,-).7%*1A%B/L%(/0%N)-+0''%-,%A)*B5167%'N0+5,5+*33L%,)-.%(/0%,562)07%5'%10+0''*)53L%*%.23(5=%
'01'-)L%0RN0)501+0C%
@/0)0%*)0%(B-%(LN0'%-,%K5'2*3%)0*35(L7%*'%A5'(51625'/0A%&L%4*)S%^-(/S-c%-10%B/5+/%5'%
T+-..01'2)*(0%B5(/%(/0%'01'0%-,%(-2+/7U%*1A%(/0%-(/0)%B/5+/%5'%T+-..01'2)*(0%B5(/%(/0%5A0*%-,%
(/0%'01'0%-,%'56/(%A5K-)+0A%,)-.%0K0)L%-(/0)%'01'0CU% 8/530%(B-=A5.01'5-1*3%*1A%(0R(2*3%'-2)+0'%
+*1%'2NN3L%*%K50B0)%B5(/%*%K5K5A%.01(*3%5.*607%(/0%*NN0*)*1+0%-,,0)0A%5'%*3)0*AL%51%(/0%N*'(7%*%
N*)(%-,%*%'561%'L'(0.%(/*(%/*'%*3)0*AL%&001%A0(0).510A7%(/0)0&L%.*S516%(/0%N-''5&535(L%-,%*%,)0'/%
5.N*+(%A5,,5+23(C%%@/0%+)0*(5K0%*+(%.2'(%&0%(50A%(-%(*+(530%)0*35(L%*1A%(/0%N)0'01(%.-.01(%51%-)A0)%,-)%
*)(%(-%+-.N0(0%B5(/%35,0%,-)%-,,0)516%'2)N)5'0'%(-%-10\'%+-1'+5-2'10''%*1A%0RN0)501+0C%:13L%
(/)-26/%)0N0*(0A%+-1,)-1(*(5-1%B5(/%)0*35(L%+*1%(/0%*)(5'(%N)-A2+0%*%()23L%'L10'(/0(5+%B-)SC!
B.29.&!N$%$2+!!"@$(3=.2!1234$(530*+!!B$5#3.25!32!07$!A%)5$0R!L)@$2!"(03505&!
>():$553)2.%35@&!.28!/.@$!/$D!"::$=03)25!bC)$5!,0!6.00$([c%
(/%
(/%
_2)516%(/0%3*(0%;n% *1A%0*)3L%>?% +01(2)50'7%.*1L%$.0)5+*1%B-.01%0RN0)5.01(0A%B5(/%10B%
'(L35'(5+%N-''5&535(50'%*1A%10B%.0A52.'%,-)%*)(%'2+/%*'%N/-(-6)*N/L7%*1A%B0)0%*&30%(-%+)0*(0%
51A0N01A01(%*1A%'0)5-2'%+*)00)'%*'%N)-,0''5-1*3%*)(5'('C%$3(/-26/%'-.0%*3'-%,23,5330A%(/0%
A0.*1A'%-,%()*A5(5-1*3%.*))50A%35,07%-(/0)'%'-26/(%,)00A-.%,)-.%.*)5(*3%*1A%.*(0)1*3%A-.0'(5+5(L%
&L%)0.*51516%21B0AC%%!-.0%*3'-%0RN3-)0A%'2NN-)(5K0%51(5.*(0%)03*(5-1'/5N'%B5(/%-(/0)%B-.01C%
F-B0K0)7%*(%*%(5.0%B/01%/-.-0)-(5+%3-K0%B*'%'(56.*(5Q0A%*'%A0K5*1(7%.-'(%-,%(/0'0%B-.01%
A0'()-L0A%(/05)%)-.*1(5+%30((0)'7%A5A%1-(%A*)0%)0,0)%(-%(/05)%*,,0+(5-1'%-)%5A01(5(50'%51%(/05)%'2&V0+(%
+/-5+0'%,-)%N)-,0''5-1*3%*)(B-)S7%*1A%A5A%1-(%A5'N2(0%51(0)N)0(*(5-1'%(/*(%N-'0A%(/05)%)03*(5-1'/5N'%
*'%05(/0)%1-1=0R5'(01(%-)%N3*(-15+%*1A%B5(/-2(%&0*)516%-1%(/05)%N)-,0''5-1*3%35K0'C%
@/5'%'5(2*(5-1%/*'%.*A0%51K0'(56*(5-1%-,%(/0%35K0'%*1A%B-)S'%-,%B-.01%B/-%30,(%0K01%'.*33%+320'%
(-%(/05)%0.-(5-1*3%*1A%'0R2*3%016*60.01('%B5(/%-(/0)%B-.01%A5,,5+23(C%%!-.0%N5-100)516%B-)S%
/*'%&001%A-10%51%&5-6)*N/5+*3%'(2A50'7%&2(%1-%(/0-)5Q0A%*1*3L'5'%-,%(/0%/5'(-)5+*3%'5(2*(5-1%-,%
(/0'0%B-.01%*)(5'('%/*'%&001%21A0)(*S01C%%@/5'%N*N0)%B533%'2660'(%'-.0%10B%B*L'%-,%(/51S516
*&-2(%(/0%'5615,5+*1+0%-,%'*.0='0R%)03*(5-1'/5N'%,-)%(/0'0%B-.01%*)(5'('\%N)-,0''5-1*3%*1A%
N0)'-1*3%A0K03-N.01(C!
B.-&!/)?73.!/+!6+!!B3292.2!1234$(530*+!!L(30329!G$*)28!L)(85R!o$2!A.%%39(.?7*%
@/0%N/53-'-N/L%-,%u01%P2AA/5'.%.*S0'%u01%+*3356)*N/L%*%A5'(51+(5K0%,-).%-,%B)5(516%B5(/%5('%K0)L%
215Y20%*0'(/0(5+'C% M-)%u01%.*'(0)'7%N)*+(5+516%+*3356)*N/L%5'%*%.*((0)%-,%0RN0)501+0%30*A516%(-%
(/0%A5)0+(7%5..0A5*(07%*1A%{'2AA01\%N*(/%(-%*((*51%01356/(01.01(7%-)%'*(-)5%51%Z*N*10'0C% !2+/%
01356/(01.01(%*))5K0'%B5(/%*%'01'0%-,%(-(*3%,)00A-.%(/*(%5'%21/*.N0)0A%&L%'01'0%*1A%51(0330+(C%
#)0*(5K5(L7%,-)%u01%.*'(0)'%(/0)0,-)07%5'%(-%&)0*S%(/)-26/%*33%,-).'%-,%/2.*1%*)(5,5+5*35(L%*1A%(*S0%
,5).%-,%B/*(%350'%51%(/0%&0516%-,%+)0*(5K5(L%5('03,C% @/5'%.0*1'%(/*(%+)0*(5K5(L%'2+/%*'%+*3356)*N/L%/*'%
(-%+-.0%,)-.%51(25(5-1'%A5)0+(3L%*1A%5..0A5*(03L%)5'516%,)-.%(/0%'N-1(*105(L%51%(/0%N)-+0''%-,%
B)5(516C% @/5'%N*N0)%0RN3-)0'%(/0%&*'5+%N)51+5N30'%*1A%*0'(/0(5+'%-,%u01%+*3356)*N/LC%
u01%+*3356)*N/L%/*'%5('%-)5651%,)-.%#/510'0%+*3356)*N/L7%0'N0+5*33L%(/0%+2)'5K0%'(L30C%@/0%N*N0)%B533%
,5)'(%51K0'(56*(0%'-.0%-,%(/0%#/510'0%51,3201+0'%(-%(/0%A0K03-N.01(%-,%u01%+*3356)*N/L%51%Z*N*1C%
E(%(/01%N)-+00A'%(-%0R*.510%(/0%N2)'25('%*1A%+-1+0)1'%-,%+)0*(5K5(L%,-)%u01%.*'(0)'%51%(/05)%
N)-+0''0'%-,%B)5(516C%%M51*33L7%5(%B533%5332'()*(0%(/0%215Y20%*0'(/0(5+'%-,%u01%+*3356)*N/L%&L%2'516%
B-)S'%-,%u01%.*'(0)'%51+32A516%(/-'0%-,%X-'01%G;jII=;jnfH7%Z521%G;<;<=;r?JH%*1A%!016*5%G;<f?=%
;r><HC!
B.-(3$&!/[email protected].+! "<#<(2!1234$(530*!" '732Q!L307!T)<(!N$.(0&!H$$%!L307!T)<(!N$.8&!)(!
L7*!\(.?73=!C$5392!/7)<%8!G$!"!6<%03I/$25)(*!;D?$(3$2=$%
F2.*1%&0516'%+-1'(5(2(0%*1%0.&-A50A%+-1'+5-2'10''C% :2)%'01'-)L%+*N*+5(50'%,21+(5-1%51%*%
/56/3L%51(06)*(0A%.*110)q%-2)%0RN0)501+0%-,%*%K5'2*3%5.*60%.*L%51%,*+(%&0%(*+(5307%*2A5(-)L7%-)%
'-.0%-(/0)%+-.&51*(5-1%-,%(/0%,5K0%'01'0'C% :2)%.-'(%.0.-)*&30%*1A%.0*1516,23%0RN0)501+0'%
*)0%(/-'0%(/*(%5.N)0''%.23(5N30%'01'-)L%.-A0'c%(-2+/7%'-21A7%'.0337%(*'(07%*'%B033%*'%K5'5-1C% @/0%
N)-+0''%-,%()*1',-).516%(/0'0%0''01(5*33L%N)5K*(0%'01'-)L%0RN0)501+0'%51(-%,-).'%(/*(%+*1%&0%
'/*)0A%B5(/%-(/0)'%5'%(/0%0''01+0%-,%+-..215+*(5-1C% @/0)0,-)0%()23L%0,,0+(5K0%+-..215+*(5-1%
)0Y25)0'%+*)0,23%*((01(5-1%(-%(/0%T,03(U%Y2*35(50'%-,%*1%0RN0)501+0q%&-(/%(/0%N/L'5+*33L%*1A%
0.-(5-1*33L%N0)+05K0AC%
[5K01%(/*(%(/0)0%5'%*%+-..-1*35(L%-,%/2.*1%'01'-)L%0RN0)501+07%(/5'%N*N0)%'00S'%(-%0RN3-)0%B/L%
A0'5610)'%100A%(-%&0+-.0%0RN0)('%51%'/*)0A%0RN0)501+0%)*(/0)%(/*1%'5.N3L%N)-A2+0)'%-,%K5'2*3%
+-..-A5(50'C% @/0%A0'5610)%100A'%(-%&0%*+2(03L%*B*)0%-,%*%6)0*(%12.&0)%-,%/2.*1%51(0)*+(5-1'7%
'01'*(5-1'%*1A%0.-(5-1*3%)0'N-1'0'%51%-)A0)%(-%.-'(%0,,0+(5K03L%A5'+-K0)%*1A%)0'-3K0%B/*(%(/0%
N)-N-'0A%*1A%*+(2*3%A0'561%N)-&30.'%*)0C% _-0'%*%+3501(%100A%*%10B%3-6-%(-%'033%.-)0%N)-A2+(!7%
-)%51%,*+(%A-0'%(/0%2'0)%100A%*%.-)0%0.-(5-1*33L%'*(5',L516%0RN0)501+0%(-%'/*)0%B5(/%-(/0)'`!
B$.Q$&!A.()%+!B)*)%.!1234$(530*!U$-!K(%$.25+! A7.(.=0$(!/0<8*R!A.%%39(.?73=!/0(.0$93$5!32!
F+B+!/0$9M5!ho))@M!/$(3$5%
@/0%3*(0%Z*.0'%WC%!(067%B5A03L%S1-B1%,-)%/5'%511-K*(5-1'%51%N)51(.*S516%*1A%.5R0A%.0A5*7%
+)0*(0A%'0K0)*3%'0)50'%(/*(%/*K0%10K0)%&001%'/-B1%B/5+/%+-1(*51%,2)(/0)%.*15,0'(*(5-1'%-,%B/*(%E%
/*K0%N)0K5-2'3L%A0'+)5&0A%*'%/5'%T'()*(0650'%-,%+-1+0*3.01(C\% G!"#$#7%>??>7%T!()*(0650'%-,%
#-1+0*3.01(%51%(/0%8-)S%-,%ZCWC%!(06UH% @/0%{u--.\%!0)50'%5'%*.-16%(/0'0%0RN0)5.01(*3%B-)S'7%
2(535Q516%.0A5*%51+32A516%51(*635-7%A)*B516%*1A%+/•10%+-33pC%
:1+0%*6*51%+3-*S0A%51%+*.-2,3*607%!(06%01(0)'%51(-%*%N3*L,23%A5*3-620%B5(/%+*3356)*N/L%51%B/5+/%
(/0%B-)A'%/0%+/--'0'7%B/530%N)0'01(0A%B5(/%6)*N/5+%0306*1+07%B5(//-3A%.-)0%51,-).*(5-1%(/*1%
(/0L%)0K0*37%&0+-.516%*(%(5.0'%(0*'516%*)*&0'Y20'%(/*(%.*L%-)%.*L%1-(%&0%B-)A'7%&2(%(/*(%*)0%
+0)(*513L%+/*)*+(0)'%51%(/0%B*L%(/*(%'-%.*1L%-,%Z-*1%45)-\'%,-).'%*)0%+/*)*+(0)'%-,%*.&562-2'
5.N-)(C% :10%5'%*3'-%)0.51A0A%-,%(/0%*2A*+5(50'%-,%!*23%!(051&0)67%B/-'0%K0)&5*60%A0,510A%
3*1A'+*N0'%*1A%51(0)*+(0A%B5(/%/L&)5A5Q0A%+*)(--1%+/*)*+(0)'C% E%'2'N0+(%(/*(%!(06%B*'%016*60A%
51%*1%0R0)+5'0%51%+-1()*A5+(5-17%&-(/%*,,5).516%*1A%A01L516%(/0%+-..215+*(5K0%0,,5+*+L%-,%B-)A'7%
B/530%+030&)*(516%(/0%,-).*3%5.N35+*(5-1'%-,%(/0%30((0),-).'%(/*(%N0),-).%*'%351625'(5+%B-)S/-)'0'%
.2+/%-,%(/0%(5.0C%!(06\'%+/*)*+(0)5'(5+%A*)S%/2.-)%5'%0K5A01(%51%(/5'%'0)50'7%*++-.N*150A%(/5'%(5.0%
&L%*%)0,)0'/516%A035+*+LC!
B3==.(8)&!"28($-!F)72+! U)(07$(2!,%%32)35!1234$(530*9! '7$!63%%$223.%!A)%%$=03)2!"(=734$%
E1%;nnn%*(%@0R*'%@0+/%]15K0)'5(L%E%6-(%51K-3K0A%B5(/%*%'(2A01(%N/-(-6)*N/L%N)-V0+(%G+)0*(0A%&L%
g)-,0''-)%^5+S%_5162'%*1A%+*330A%(/0%45330115*3%#-330+(5-1H%(/*(%A-+2.01('%(5.07%N3*+0%*1A%
+23(2)0%-1%(/0%F56/%g3*51'%-,%80'(%@0R*'C% #01()*3%(-%(/0%.5''5-1%-,%(/0%N)-V0+(%5'%.-(5K*(516%-2)%
'(2A01('7%B/-%*)0%,*.-2'%,-)%'*L516%T(/0)0%5'%1-(/516%(-%N/-(-6)*N/%*)-21A%/0)0U7%(-%(*S0%*%.-)0%
+*)0,23%3--S%*(%T*)-21A%/0)0UC% @*S516%*AK*1(*60%-,%3-+*3%)0'-2)+0'%(/0%!+/--3%-,%$)(%A-+2.01(*)L%
N/-(-6)*N/L%+3*''%N*)(10)0A%B5(/%(/0%215K0)'5(L%*)+/5K07%*1A%A0'5610A%*%+2))5+232.%(-%N)-K5A0%
215Y20%*1A%0R(01'5K0%*++0''%(-%(/0%)065-1\'%3-+*3%/5'(-)L%(/)-26/%(/05)%S1-B30A60*&30%'(*,,%*1A%
0R(01'5K0%+-330+(5-1'C% @/0%N)-V0+(%N)-K5A0'%(/0%-NN-)(215(L%,-)%'(2A01('%(-%60(%B-)S%51(-%(/0%
N0).*101(%+-330+(5-17%&2(%.-)0%5.N-)(*1(3L%5(%5'%*%+/*1+0%,-)%-2)%'(2A01('%(-%)0'N-1A%(-%(/0%
/5'(-)5+*3%)0+-)A%*1A%.*S0%(/05)%-B1%N/-(-6)*N/'7%51,-).0A%&L%(/*(%/5'(-)L%(/*(%*)0%51(0335601(3L%
N-5'0A%(-%N*)(5+5N*(0%51%(/0%,2(2)0%()*V0+(-)L%-,%(/0%*)+/5K0'%T+-330+(5K0%B5'A-.UC% @/0%N)-V0+(%5'%-1%
6-516%*1A%/-2'0A%(/0%!-2(/B0'(%#-330+(5-1a!N0+5*3%#-330+(5-1'%W5&)*)L%51%(/0%)2)*37%,*).516%
+-..215(L%-,%W2&&-+S7%@0R*'C% @/5'%N)0'01(*(5-1%B533%+-K0)%/-B%B0%'()2+(2)0%(/0%A-+2.01(*)L%
+3*''%(-%N)-K5A0%*++0''%(-%51,-).*(5-1%*1A%5A0*'%,-)%-2)%'(2A01('%*1A%/-B%(/5'%215Y20%-NN-)(215(L%
'00.'%(-%030K*(0%-2)%'(2A01('\%51K0'(.01(%51%(/05)%B-)SC!
B3@#.<97&!>.0(3=3.+!!H()50#<(9!/0.0$!1234$(530*+!!;29.9329!U)2I'$2<($8!H.=<%0*!32!
B$.(2329!A)@@<2303$5%
@/0%51+)0*'0%51%1-1=(012)0A%,*+23(L%(0*+/516%*)(%*NN)0+5*(5-1%*1A%,-21A*(5-1%+-2)'0'%5332'()*(0%
(/0%)0*35(50'%-,%A0N*)(.01(*3%N-35+L7%'(*,,516%'/-)(*60'7%&2A60(%)0'()5+(5-1'7%*1A%51'(5(2(5-1*3%&5*'%
(-B*)A%2NN0)=30K03%+-2)'0'C%%8/530%'-.0%N-'5(5K0%*(()5&2(0'%+*1%&0%+5(0A7%106*(5K0%+-1'0Y201+0'%
*)0%N0)K*'5K0%*1A%+*1%A5.515'/%(/0%Y2*35(L%-,%+2))5+23*)%N)-6)*.'C%%@/0%5.N35+*(5-1%(/*(%
51()-A2+(-)L%+-2)'0'%*)0%1-(%5.N-)(*1(%01-26/%(-%&0%(*26/(%&L%(012)0A%,*+23(L%/*'%&0+-.0%
01A0.5+7%B5(/%(/0'0%+-2)'0'\%K*320%-,(01%&*'0A%-1%(/0%*.-21(%-,%M@"'%6010)*(0AC%%_0N*)(.01(*3%
K5'5-1%'(*(0.01('%.2'(%*AA)0''%*%+-..5(.01(%(-%N0A*6-65+*3%0R+03301+0%*1A%2N/-3A%'2+/%
,)0'/.*1%+-2)'0'%*'%N5K-(*3%(-%(/0%'(2A01('\%A0K03-N.01(%-,%+-)0%S1-B30A60%*1A%'S533'C%
@/5'%N*N0)%'/*33%-2(3510%'()*(0650'%(-%K*35A*(0%*1A%01/*1+0%(/0%,5)'(=L0*)%+2))5+232.%(/)-26/%
0RN0)501(5*3%30*)1516q%5C0C7%N)-V0+(%)0A0'5617%30*)1516%+-..215(50'7%+-..215(L%0R/5&5(5-1'7%0(+C%
@/0'0%515(5*(5K0'%B533%.-)0%,233L%51(06)*(0%'(2A01('%51(-%N)-6)*.'%*1A%0RN-'0%(/0.%(-%A5'+5N351*)L%
0RN0+(*(5-1'q%*'%*%)0'23(7%A0N*)(.01('%B533%&0%,-)+0A%(-%51K0'(%51%(/0%N)-,0''5-1*3%A0K03-N.01(%
*1A%'(*(2'%-,%1-1=(012)0A%,*+23(L%51%-)A0)%(-%*''2)0%*%Y2*35(L%0A2+*(5-1*3%0RN0)501+0C%
!N0+5,5+*33L7%A5'+2''5-1%B533%,-+2'%-1%M)-'(&2)6%!(*(0%]15K0)'5(L\'%,5)'(=L0*)%30*)1516%+-..215(L%,-)%
PM$%'(2A01('7%*%N)-6)*.%(/*(%,0*(2)0'%'5615,5+*1(%-NN-)(215(50'%,-)%0RN0)501(5*3%0A2+*(5-1%*1A%(/0%
)0'23(516%&010,5('%,-)%&-(/%'(2A01('%*1A%1-1=(012)0A%,*+23(LC!
B<7.(I'(3=$&!A7(350)?7$(!L+!!B.-5)2!/0.0$!A)@@<230*!A)%%$9$+!!,20<303)2!.28!,20$20R!'7$!
C<.%30*!):!/0<83)!J$5$.(=7%
E\K0%*3B*L'%&001%'S5((5'/%*&-2(%*NN3L516%(/0%(0).%T)0'0*)+/U%(-%*)(=.*S5167%*'%.L%N)-+0''%5'%-,(01%
,*)%,)-.%(/0%'0Y201(5*37%3-65+*3%,-).*(%(/*(%(0).%'00.'%(-%5.N3LC%%E%*.%,*)%.-)0%+-.,-)(*&30%B5(/%
(/0%(0).!+$X;+'57%B/5+/%+*))50'%+-11-(*(5-1'%-,%-&'0)K*(5-1%*1A%51(0)N)0(*(5-1C%%:K0)%(5.07%E%/*K0
&0621%(-%21A0)'(*1A%(/*(%.L%*)(5'(5+%'03,%5'%*%&301A516%-,%(/0%(/516'%E\K0%'0017%A-107%-)%,-21A%
51(0)0'(516m*1A%/-B%E%51(0)N)0(%*1A%N)-+0''%(/-'0%(/516'C%%E%*.%(/0%(LN5+*3%*)(5'(%B/-%+*11-(%(*S0%
*%B*3S%B5(/-2(%&)516516%/-.0%'-.0%'.*33%'-2K015)%-,%/5'%V-2)10Lm*%30*,7%)-+S7%-)%0K01%*%N50+0%-,%
()*'/C%%M53.'7%35(0)*(2)07%0K01%+/*1+0%*+Y2*51(*1+0'%&0+-.0%-NN-)(215(50'%(-%+-1'5A0)%K5'2*37%
(/0-)0(5+*37%*1A%+23(2)*3%5''20'C%%E\K0%&0+-.0%,*'+51*(0A%&L%(/0%210RN0+(0A%B*L'%(/-'0%A5K0)'07%
0K01%A5'N*)*(0%(/)0*A'%B0*K0%(-60(/0)%51%.L%B-)SC%%4L%N)-+0''%5'%51,-).0A%&L%*1A%(/)5K0'%-1%(/0%
'0)01A5N5(-2'%T/*NNL%*++5A01(7U%&2(%E%)0V0+(%(/0%1-(5-1%(/*(%'(2A5-%)0'0*)+/%5'%21A5'+5N3510A%-)%
3*+S'%A535601+0C%%W5S0%W-25'%g*'(02)7%E%&0350K0%T+/*1+0%,*K-)'%(/0%N)0N*)0A%.51ACU%%_0N01A516%
0R+32'5K03L%-1%+/*1+0%B533%'--1%A5'*NN-51(q%51'(0*A%E%&0350K0%B0%.*S0%-2)%-B1%32+S%&L%0RN3-)516%
N3*+0'%B/0)0%)*1A-.%51'N5)*(5-1%*1A%+*)0,23%*1*3L'5'%51(0)'0+(m(/0%&*3*1+0%&0(B001%51(25(5-1%
*1A%51(01(C!
B<0E&!F3@+!!1234$(530*!):!6$@?735+!!N$.(!.28!'7$($R!!/)<28!.28!6)03)2!32!6)8$(2!
"(=730$=0<($%
42'5+%/*'%,)0Y201(3L%V-510A%B5(/%*)+/5(0+(2)0%(-%51,-).%N)-+0''5-1'C%%$%+3-'0%3--S%*(%(/0%,)50Q0%
)516516%(/0!(&..*%-,%(/0%g*)(/01-1%)0K0*3'%(/*(%(/0%g*1*(/01*5+%N)-+0''5-1%B*'%)0N30(0%B5(/%
.2'5+5*1'C%%!5.53*)%A0N5+(5-1'%.*L%&0%,-21A%-1%^-.*1%()52.N/*3%.-12.01('C%%E1%(/0%;f%(/%
+01(2)L7%[2533*2.0%_2%M*L\'%5'-)/L(/.5+%.-(0(!I;E&'!'#4*';8!%.#'&4%.2'5+*33L%G*1A%
.*(/0.*(5+*33LH%351S0A%*)+/5(0+(2)0%*1A%)5(2*3%*(%(/0%+-1'0+)*(5-1%-,%P)210330'+/5\'%A-.0%-K0)%(/0%
M3-)01+0%#*(/0A)*3C%
85(/%(/0%A*B1%-,%(/0%(B01(50(/%+01(2)L%*1A%4-A0)1%*)+/5(0+(2)0\'%+-1'+5-2'%)0V0+(5-1%-,%(/0%N*'(7%
-10%B-23A%0RN0+(%(/*(%(/0%/5'(-)5+*3%)03*(5-1'/5N%&0(B001%.2'5+7%'N*+0%*1A%.-K0.01(%B*'%
)01A0)0A%Y2*51(C%%@-%(/0%+-1()*)L7%E%*)620%(/*(%4-A0)15'(%*)+/5(0+('%+-1(5120A%(-%0.N3-L%'-21A%(-%
N2)N-'0,233L%V-51%N)-+0''5-1%B5(/%'N*(5*3%0RN0)501+0C%%Z2'(%*'%.2'5+%B*'%)0+*'(%*'%T-)6*15Q0A%
'-21AU%G(-%2'0%(/0%(0).%+-510A%&L%*K*1(=6*)A0%+-.N-'0)%"A6*)A%9*)~'0H7%E%N-'5(%(/*(%5(%5'%
N-''5&30%(-%)0=5.*6510%N)-+0''5-1'%*'%(/0%T-)6*15Q0A%.-K0.01('U%-,%*%&253A516\'%-++2N*1('C%
E1%'2NN-)(%-,%(/5'%*''0)(5-1%E%B533%*1*3LQ0%(/0%2'0%-,%'-21A%(-%-)A0)%'N*+0%*1A%+5)+23*(5-1%51%(/)00%
B-)S'%&L%W0%#-)&2'50)7%^01Q-%g5*1-%*1A%_*K5A%$AV*L0%+-.N30(0A%&0(B001%;nfr%*1A%>??IC!
6.98$2&!U)(@.2+!!'7$!1234$(530*!):!'$22$55$$&!P2)D43%%$+!!/<#4$(534$!/=.0)%)9*!.28!
>)%303=.%!>)(2)9(.?7*R!!H<2Q!H3%@!.28!07$!S35<.%!"(05%
$%6)-2N%-,%,53.%*)(5'('%B-)S516%51%(/0%!*1%M)*1+5'+-%P*L%$)0*%51%(/0%3*(0%;nj?v'%N)-A2+0A%*%'0)50'%
-,%'/-)(%,53.'%(/*(%)0N)0'01(0A%*%+/*160%51%(/0%N-'(=g-N%$)(%B-)3A%,)-.%*%)*(/0)%b+--3b%-&'0)K*(5-1%
-,%$.0)5+*1%2)&*1%'-+50(L%(-%*%/56/3L%+)5(5+*3%*1A%'+*(/516%+-..01(*)L%-,%B/*(%(/0L%K50B0A%*'%*%
+23(2)0%'2,,0)516%,)-.%*%,)*2A2301(%.-)*35(LC%%!/*)516%(/05)%(/0-)0(5+*3%+-..-1*35(50'%B5(/%*%K5'2*3%
*)('%.-K0.01(%+*330A%M21S%$)(7%(/0'0%,53.%*)(5'('%A0.-1'()*(0A%*%)0'-21A516%A0A5+*(5-1%(-%
*((*+S516%(/0%'*+)0A%bF-33LB--Ab%.53502%(/*(%(-%(/0'0%*)(5'('%B*'%*%.0(*N/-)%,-)%'-+5*3%/LN-+)5'L=%
,-)%*1%$.0)5+*1%+23(2)*3%2N/0*K*3%+/*)*+(0)5Q0A%&L%*1%*1(5=B*)%.-K0.01(7%+-21(0)%+23(2)0%
K*320'7%*1A%*%'0R2*3%)0K-32(5-1C%%:,(01%,-+2'516%-1%(/0%3*((0)7%M21S%M53.'%0RN3-5(0A%(/0%$.0)5+*1%
K50B0)v'%,0*)%-,%'+*(-3-65+*3%*1A%'0R2*33L%0RN35+5(%5.*60)L%N)0'01(0A%51%(/0%N2&35+%*)01*C%
:N0)*(516%51%N*)*3303%)0*3.'%-,%*)(%*1A%,53.7%(/0'0%+510.*(5+%A5*()5&0'%B0)0%.0*1(%(-%+/*330160%
K50B0)'%(-%)0(/51S%(/05)%5A0*'%*&-2(%*)(7%+23(2)07%*1A%01(0)(*51.01(C%
u0*3-2'3L%+-.&51516%B/*(%.*1L%+*330A%N-)1-6)*N/L%B5(/%5('%-B1%S51A%-,%N-35(5+*3%*)(7%(/0%M21S%
M53.%*)(5'('%2'0A%0R+)2+5*(516%'+*(-3-65+*3%*1A%21'/503A0A%'0R2*3%'2&V0+(%.*((0)%51%(/05)%*((0.N(%(-%
016*60%(/0%K50B0)%51%*1%21+-.,-)(*&30%A5'+-2)'0%*&-2(%(/0%K50B0)v'%-B1%'03,=+-1'+5-2'10''%51%*%
B-)3A%-,%A0+05K516%.-)*3'%*1A%,*3'0%/-N0'C%%@/0'0%,53.'%+-1(*510A%*0'(/0(5+%N)-(0'('%(/*(%/*A%
+0)(*51%N*)*3303'%(-%D0B%W0,(%g-35(5+'%B/5+/%51'N5)0A%(/0%,53.%*)(5'('%(-%N2'/%(-B*)A%*1%51+)0*'5163L%
*66)0''5K0%*1A%5A5-'L1+)*(5+%+-1(0R(%-,%.-K516%5.*60'C
6.28$%&!/.(.+!!,283.2.!1234$(530*&!G%))@3290)2+!!J$IJ'&((#1;!<5'!)+&!*0'1#I0$R!"!>.320329!
#*!L325%)-!N)@$(%
g0(0)%8--A%-1+0%*'S0A%5,%851'3-B%F-.0)%6*K0%T*%A*.1%*&-2(%P3*+S'7U%*%Y20'(5-1%(/*(%'+/-3*)'%
+-1(5120%(-%B)0'(30%B5(/%(-A*LC%%:10%B-)S%51%N*)(5+23*)7!-'&44+$7!%#'!3)&!"*'$+F*.%G;r<<H7%)0.*51'%
.5'21A0)'(--AC%85A03L%*++0N(0A%*'%*%A0N5+(5-1%-,%*%.*1%N)0N*)516%,-)%*%#*)5&&0*1%,0'(5K*3%
Z-1S-1127%(/5'%51(0)N)0(*(5-1%A-.51*(0'%*)(%/5'(-)5+*3%A5'+-2)'0%A0'N5(0%N*(+/L%0K5A01+0%-,%
Z-1S-112%51%(/0%]15(0A%!(*(0'%*1A%)0A2+0'%(/0%N*51(516%(-%*%'N0+5,5+%-++*'5-1C%%F-B0K0)7%(/5'%
B-)S%5'%0.&30.*(5+%-,%3*)60)%'-+5*3%*1A%N-35(5+*3%5A0-3-650'C%
".&0AA516!-'&44+$7!%#'!3)&!"*'$+F*.%51%*%+)5(5+*3%,)*.0B-)S%-,%.*'+23515(L%*1A%N0),-).*1+07%*1A%
0.N3-L516%*%.-)0%51'()2+(5K0%3510%-,%51Y25)L%)0K-3K516%*)-21A%(/0%N*51(0)%*1A%/5'%*2A501+0%&)0*S'%
,)-.%0'(*&35'/0A%+)5(5+*3%*NN)-*+/0'C%8/*(%A-0'%(/5'%N*51(516%)0K0*3%*&-2(%F-.0)\'%+-1+0)1%,-)%
$,)5+*1%$.0)5+*1%.01%A2)516%^0+-1'()2+(5-1`%%@/0%0.N-B0).01(%*'+)5&0A%(-%(/0%,562)0'%51!
"*'$+F*.%B/01%)--(0A%51%*%A5'+-2)'0%-,%01'3*K0A%35,0%)5'S'%,*3'0%*(()5&2(5-1'%-,%/5'(-)5+*3%+-1(0R(%
(/*(%'-,(01%A00N0)%'-+5*3%5''20'C%8/01%)0+-1(0R(2*35Q0A7!"*'$+F*.%N)-K5A0'%51'56/(%*&-2(%F-.0)\'%
,003516'%*&-2(%)*+0%5.N35+*(0A%51%(/0%/5'(-)5+*3%0(/1-6)*N/5+%51(0)0'(%-,%0(/15+%*1A%'-+5*3%+3*''C!
6.23)0$5&!"28($-+! ;.50$(2!63=739.2!1234$(530*+! G30$!S5+!G*0$R! >)-$(!):!07$!N.28!>(320$8!
>)50$(%
F*1A%N)51(0A%N-'(0)'%/*K0%*%A5'(51+(%K5'2*3%3*162*60%B5(/%*33%(/0%S5+S%*1A%&5(0%-,%*%V*3*N01-C%
@/)-26/-2(%/5'(-)L7%(/0L%/*K0%*,,0+(0A%'-+5*37%N-35(5+*37%*1A%0+-1-.5+%.0''*60'C% @/0'0%,-).*('%
/*K0%*%(*+(530%N)0'01+0%*1A%*%215Y20%B*L%-,%+-1K0L516%51,-).*(5-1%*33%(/05)%-B1C% O0(%'53S='+)0017%
B--A%+2(7%'(01+537%*1A%30((0)%N)0''%-,(01%51K-S0%&3*1S%'(*)0'%,)-.%(-A*L\'%*)(%'(2A01('7%A0'N5(0%
-1+0%&0516%(/0%3L1+/N51%-,%(/0%N-'(0)C% E1%*%B-)3A%-,%-,,'0(%35(/-6)*N/L7%Y25+S%N)51(5167%+-NL%+01(0)'%
*1A%-(/0)%/56/%(0+/%)0N)-A2+(5-1'7%(/0%.0A52.%*1A%.0''*60%/*K0%+/*160A%-K0)%(/0%L0*)'C%:)%
/*'%5(`% @/5'%(*3S%B533%0R*.510%(/0%+23(2)*3%/5'(-)L%-,%(/0%/*1A%N)51(0A%N-'(0)%*1A%(/0%0R+5(516%
)0'2)601+0%5(%01V-L'%(-A*L7%&-(/%51%A0'561%0A2+*(5-1%*1A%N)-,0''5-1*3%N)*+(5+0%51%$.0)5+*%*1A%
*&)-*AC!
6.(Q5&!"(07<(+!!,28$?$28$20!/=7)%.(+! '7$!/7.(Q!.28!L7)[!!J$0732Q329!.!A)?%$*!
6.50$(?3$=$%
Z-/1%!51630(-1%#-N30L\'!Q*34#$!*$/!3)&!:)*'=7%;<<r7%5'%*%+*1-15+*3%B-)S%51%(/0%/5'(-)L%-,%$163-=%
$.0)5+*1%N*51(516C%%E(%A0N5+('%*%'+010%51%F*K*1*%/*)&-)7%B/0)0%*%&-L7%'*5A%(-%/*K0%&001%
'B5..5167%B*'%*((*+S0A%&L%*%'/*)S7%3-'516%*%306C%%@/5'%'(-)L%/*'%+-.0%(-%&0%B/-33L%*''-+5*(0A%
B5(/%(/0%&5-6)*N/L%-,%P)--S0%8*('-17%B/-%5'%'*5A%(-%/*K0%3-'(%*%306%21A0)%(/0%'*.0%
+5)+2.'(*1+0'C%%P0L-1A%'00516%5(%*'%*%'()*56/(,-)B*)A%1*))*(5K07%)0+01(%B)5(0)'%/*K0%*3'-%)0*A%(/0%
B-)S%*3306-)5+*33L7%65K516%5(%*%)03565-2'%63-''%*1A%51(0)N)0(516%5(%*'%*%.0(*N/-)%,-)%)0'2))0+(5-1C%%E(%
*3'-%/*'%&001%'001%*'%)0N)0'01(*(5K0%-,%(/0%D0B%8-)3A\'%'()26630%,-)%51A0N01A01+0%-)7%B5(/%*%
+-1,)-1(*(5-1%B5(/%1*(2)0%51%5('%.-'(%&)2(*3%,-).7%*'%*%N)0+-+5-2'%.*)S%-,%^-.*1(5+5'.C%
@/5'%(*3S%B533%-,,0)%*1%01(5)03L%10B%3--S%*(%#-N30L\'%N*51(5167%51+32A516%*%+)5(5+*3%)00R*.51*(5-1%-,%
(/0%)-30%-,%8*('-17%*%.*V-)%'03,=N)-.-(0)7%*%.0.&0)%-,%g*)35*.01(7%*1A%*%W-)A%4*L-)%-,%W-1A-17%
51%&-(/%5('%+)0*(5-1%*1A%(/0%)0'23(516%A0N5+(5-1C%%E(%B533%&0%A0.-1'()*(0A%(/*(%(/0%N0)'5'(01(%+3516516%
(-%8*('-1\'%'(-)L%/*'%-13L%'(L.50A%*%)0+-1'()2+(5-1%,-)%(/0%N*51(516\'%3*)60)%.0*1516%*1A%
.0''*60C%%@/5'%5'%1-(%(-%A5'+-21(%*%+-110+(5-1%&0(B001%8*('-1%*1A%(/0%N5+(2)07%-13L%(-%
'5615,5+*1(3L%)0+-1,562)0%5(C%%:1+0%-10%60('%&0L-1A%8*('-17%*%B/-30%10B%)5+/10''%0.0)60'%,-)%
#-N30L\'%.*'(0)N50+0C
6.(57&!A*2073.+!!"<5032!>$.*!/0.0$!1234$(530*+!!'7$!>)50$8!U)03=$R! 15329!Yf!07! A$20<(*!
'$=72)%)9*!0)!>($5$(4$!07$!/0)(3$5!):!.!/)<07$(2!')-2%
@/0%[-3A'.5(/%g)0''%o%^*)0%@LN0%#-330+(5-1%+-1(*51'%(/-2'*1A'%-,%/*1A=+*)K0A%B--A%30((0)'%
-1+0%2'0A%&L%)2)*3%N)51(0)'%(-%N2&35+5Q0%0K01('7%N)-A2+('%*1A%-N515-1'C%%[)*N/5+%A0'561%*1A%
+)0*(5K0%B)5(516%'(2A01('%*(%$2'(51%g0*L%(*S0%(/0%3*)60%B--A%(LN0%*3-16%B5(/%*1%*).L%-,%'.*33%
N)0''0'%-2(%51(-%(/0%B53A'%-,%#3*)S'K53307%@0110''00C%%@/0L%N-'0%Y20'(5-1'%(-%(/0%N2&35+%*1A%
01+-2)*60%(/0%)0'5A01('%-,%#3*)S'K5330%(-%B)5(07%(LN0'0(7%N)51(%*1A%N-'(%(/05)%'(-)50'C%
@/0%N)0'01(*(5-17%T@/0%g-'(0A%D-(5+0U%B533%&0651%&L%A5'+2''516%(/0%B-)S7%N/53-'-N/L7%(0*+/516%
*1A%'-+5*3%5.N-)(*1+0%-,%!*.203%4-+S&00%*1A%(/0%^2)*3%!(2A5-%*(%$2&2)1%]15K0)'5(LC%%4-+S&00\'%
*NN)-*+/%(-%(0*+/516%*)+/5(0+(2)0%/*'%3-16%N)-K5A0A%*%.-A03%,-)%'-+5*33L%+-1'+5-2'%A0'5610)'%*1A%
N2&35+%*)(5'('C%%@/0%[-3A'.5(/%g)0''%o%^*)0%@LN0%#-330+(5-1%*(%$2'(51%g0*L%!(*(0%]15K0)'5(L%B*'%
+)0*(0A%51%(/0%'/*A-B%-,%(/0%^2)*3%!(2A5-C%%$'%A5)0+(-)%*1A%,-21A0)%-,%(/0%[-3A'.5(/%g)0''7%E%B533%
A5'+2''%(/0%6-*3'%*1A%(/0%N)-A2+('%-,%(/0%N)0''%*'%(/0L%A5)0+(3L%)03*(0%(-%306*+L%-,%(/0%^2)*3%
!(2A5-%*1A%(/0%0A2+*(5-1%-,%A0'561%'(2A01('%*'%N)-*+(5K0%+5(5Q01'C!
6.(032&!H%)*8+!!1234$(530*!):!"(Q.25.5!.0!B300%$!J)=Q+!!;<9$2$!C$%.=()3DM5!,8$.5!"#)<0!"(0R!
H)<28.03)25!:)(!A)20$@?)(.(*!/0<8$205%
"R*.51516%B/*(%*)(5'('%-,%(/0%N*'(%'*L%*&-2(%*)(%+*1%.*S0%*)(%/5'(-)L%+-.0%*35K0%,-)%(-A*L\'%
'(2A01('C%%@B01(L%L0*)'%*6-7%,)0'/%,)-.%.L%-B1%'(2A50'%-,%Z-'/2*%^0L1-3A'\'!-+4(#;'4&47%E%
N-51(0A%-2(%51!2'3!?/;(*3+#$%/-B%(/0%+-1+0N(%-,%TE1K01(5-1U%B*'%2'0,23%,-)%+2))01(%*)(%'(2A01('C%
@-A*L%E%B-23A%35S0%(-%,-+2'%-1%5A0*'%51%(/0%B)5(516'%-,%"26010%_03*+)-5RC%%E1%(/5'%N)0'01(*(5-1%E%B533%
A5'+2''%'-.0%S0L%5A0*'%,-21A%51%_03*+)-5R\'%B)5(516'c%%E.*651*(5-17%[0152'7%^230'7%P-3A10''7%
#-3-)7%*1A%W510C%%P-(/%^0L1-3A'%*1A%_03*+)-5R%B0)0%51'N5)0A%&L%0*)350)%(/0-)50'%-,%*)(%*1A%/*A%
'(2A50A%.*1L%-,%(/0%'*.0%:3A%4*'(0)'7%'-%(/05)%-N515-1'%51%.*1L%+*'0'%*)0%'5.53*)C%%P2(%&0+*2'0%
^0L1-3A'\'%(/0-)L%5'%.-)0%T10-+3*''5+*3U%B/0)0*'%_03*+)-5R\'%5'%.-)0%T)-.*1(5+7U%(/0)0%*)0%'-.0%
A5,,0)01+0'7%0'N0+5*33L%51%/-B%+-3-)%*1A%3510%*)0%(-%&0%2'0AC%
@/)-26/%(/0%0L0'%*1A%N01'%-,%*)(5'('%-,%(/0%N*'(7%B0%+*1%60(%S0L%5A0*'%*&-2(%B/*(%5(%.0*1'%(-%&0%
*%'2++0'',23%*)(5'(C%%$)(%F5'(-)L%+-.0'%*35K0%*1A%+-1(0.N-)*)L%'(2A01('%30*)1%(/*(%.*1L%N)-&30.'%
,*+0A%51%.*S516%*)(%/*K0%&001%*AA)0''0A%3-16%*6-C!
6.<($(&!6.(3.+! ,283.2.!1234$(530*+! H$@.%$!>)(0(.30<($!.28!>)%303=.%!C35?<0$R! '7$!A.5$!):!
>.)%.!\)2E.9.!.28!/3%43.!/.2430.%$%
@/5'%N*N0)%B533%N3*+0%(/0%N-)()*5('%-,%g*-3*%[-1Q*6*%*1A%!53K5*%!*1K5(*30%B5(/51%(/0%+-1(0R(%-,%
+-1,35+(%-K0)%)230%-,%(/0%'.*33%'(*(0%-,%M-1(*1033*(-7%B/5+/%/*A%&001%2'2)N0A%&L%g*-3*\'%/2'&*1A%
,)-.%!53K5*\'%(B-%L-2160)%&)-(/0)'C% E1%/0)!"*8&'*%*(%M-1(*1033*(-%g*-3*%5'%A0N5+(0A%*'%_0.0(0)7%
(/0%&-21(5,23%0*)(/%6-AA0''C% $'%(/0%A0+-)*(5-1%-,%(/0!"*8&'*%B*'%N*5A%,-)%&L%g*-3*\'%/2'&*1A%
*1A%+-.N30(0A%*)-21A%(/0%'*.0%(5.0%*'%(/0%&5)(/%-,%/0)%,5)'(%'-17%E%B533%*)620%(/*(%g*-3*\'%N-)()*5(%
'N0*S'%(-%/0)%*&535(L%(-%N)-A2+0%/05)'7%*1A%(/2'%(-%/0)%,*.53L\'%*&535(L%(-%)0(*51%+-1()-3%-,%
M-1(*1033*(-C% E1%*%,)0'+-0A%+053516%-+(*6-1%-,%(/0!"*8&'+$#!/&..R?$&+/&%*(%!+*1A5*1-%!53K5*%5'%
,3*1S0A%&L%/0)%.-(/0)7%B/-%3*)603L%,51*1+0A%(/0%N)-V0+(7%*1A%/0)%/2'&*1A7%*1A%3--S'%A-B1%2N-1%*%
A0N5+(5-1%-,%_5A-%*((0.N(516%(-%'(*L%$010*'%,)-.%/5'%V-2)10LC% !/0%(/0)0,-)0%'0('%/0)'03,%
N/L'5+*33L%*1A%'L.&-35+*33L%*&-K0%_5A-7%B/-7%35S0%g*-3*%*1A%/0)%,*.53L7%'00S'%(-%S00N%*%.*1%,)-.%
/5'%*NN-51(0A%A0'(51LC% @/)-26/%(/05)%)5K*3)L%g*-3*%[-1Q*6*%*1A%!53K5*%!*1K5(*30%+)0*(0A%
+-.N0(516%N-)()*5('7%B/5+/%0'N-2'0%1-(%-13L%(/05)%-B1%N0)'-1*3%*+/50K0.01('%*1A%K5)(20'7%&2(%
*3'-%(/0%N-35(5+*3%*1A%AL1*'(5+%+3*5.'%-,%(/05)%,*.5350'C
6=A.%@$20&!'32.+! G$($.!A)%%$9$+! A(303=.%!'732Q329!"=()55!07$!A)%%$=03)2R! 15329!A.@?<5!
A)%%$=03)25!0)!H)50$(!S39)()<5!J$5$.(=7%
E(%5'%1-%'0+)0(%(/*(%]15K0)'5(L%*1A%#-33060%$)(%[*330)50'%*1A%42'02.'%*)0%,)0Y201(3L%21A0)'(*,,0A%
*1A%21A0)%,21A0AC%%$'%(/0%,5)'(%,233=(5.07%N)-,0''5-1*3%'(*,,%.0.&0)%A0A5+*(0A%(-%-K0)'00516%(/0%
+-330+(5-17%E%/*K0%0RN0)501+0A%,5)'(=/*1A%(/0%N)0''2)0'%(/*(%*)5'0%B/01%+-330+(5-1'%+*)0%&0+-.0'%
(/0%N)-K01*1+0%-,%*3)0*AL%'()0(+/0A=,-)=(5.0%,*+23(L%.0.&0)'%B/-%1*(2)*33L%N3*+0%(/5'%*AA0A%
)0'N-1'5&535(L%*(%(/0%&-((-.%-,%(/05)%0K0)=0RN*1A516%(-%A-%35'(C%%85(/%(/0%*AA5(5-1%-,%(0*+/516%
)0'N-1'5&535(50'%*1A%.00(516%(/0%+)5(0)5*%,-)%N)-.-(5-1%(/)-26/%'0)K5+0%(-%'(2A01('7%(/0%51'(5(2(5-1%
*1A%(/0%+-..215(L7%(/0)0%)0.*51'%(5.0%(-%*AA)0''%35((30%&0L-1A%(/0%K0)L%&*'5+%*1A%.-'(%N)0''516%
+-330+(5-1%100A'C% F-B%5'%5(%N-''5&30%(-%N)-A2+0%(/0%A-+2.01(*(5-1%100A0A%(-%'2NN-)(%(/0%
+-330+(5-1`%
@/5'%N*'(%'2..0)7%B5(/%(/0%'2NN-)(%-,%(/0%#-33060%]1A0)6)*A2*(0%^0'0*)+/%*1A%#)0*(5K0%
g)-V0+('%[)*1(%g)-6)*.7%E%B-)S0A%B5(/%(/)00%'(2A01('%(-%A0K03-N%*%/5'(-)L%-,%(/0%P0)0*%#-33060%
$)(%#-330+(5-1C% ]'516%#-330+(5-1'%)0+-)A'%'()0(+/516%&*+S%A0+*A0'7%'2NN30.01(0A%&L%+-33060%
*)+/5K0'%*1A%51(0)K50B'%B5(/%,-).0)%.0.&0)'%-,%(/0%*)(%A0N*)(.01(%,*+23(L7%B0%)0+-1'()2+(0A%(/0%
A0K03-N.01(%-,%(/0%*)(%+-330+(5-1%*1A%(/0%'(-)L%-,%(/0%A-1-)'%B/-%'2NN-)(0A%(/0%51'(5(2(5-1%
(/)-26/%(/05)%65,('%-,%*)(C!
6=C)2.%8&!')88+! A%$@5)2!1234$(530*+!!>.320329!07$!U$-!6$83.%
E1%'5.N30%(0).'7%.L%N*N0)7%B533%A5'+2''%+-1(0.N-)*)L%N*51(516%(/)-26/%,5K0%*)(5'('%B/-%,51A%N-(01(%
51(0)'0+(5-1'%B5(/%10B%.0A5*%'-2)+0'%'2+/%*'%K5A0-7%B0&=+*.'7%*1A%K*)5-2'%5.*6516%
*NN35+*(5-1'C%%$'%*1+501(%*1A%,2(2)5'(5+%.0A52.'%+-335A0%B0%,51A%-NN-)(215(50'%(-%+3*)5,L%*1A%
+-1(0R(2*35Q0%(/0%+/*)*+(0)%-,%+-1(0.N-)*)L%N5+(2)0%.*S516C%%@/0%,5)'(%(B-%*)(5'('%[*53%_*B'-1%
*1A%"35Q*&0(/%!15N0'%'N0*S%-,%(/0%K5'2*3%*1A%0.-(5-1*3%12*1+0'%-,%-2)%10B%.0A5*%-&'0''5-1C%%E1%
(/0%B-)S%-,%[*53%_*B'-17%B0%'00%/-B%*%J_%'-2)+0%35S0%K5A0-%N)-K5A0'%*%,-21A*(5-1%,-)%N*51(0)3L%
51(0)N)0(*(5-1%*1A%K*)50A%-2(N2('C%%W5S0%[*537%"35Q*&0(/%!15N0'%2'0'%*%K5)(2*3%'-2)+0%*'%(/0%,-+*3%
N-51(%-,%)0'0*)+/%(/*(%51K0'(56*(0'%(/0%A0'N0)*(5-1%*1A%3-103510''%-,%B0&%+*.%)03*(5-1'/5N'C%%E1%
/5'%+30K0)%5.*60'7%_*1503%_-K0%51(06)*(0'%.*(0)5*3%,)-.%,510%*)(%*1A%N-N%+23(2)0%(/)-26/%*%
'-N/5'(5+*(0A%A5*3-620%-,%N*51(0)3L%*1A%A565(*3%N)-+0''0'C%%!+)*N0'7%'N3*((0)'7%'.0*)'7%*1A%
5.N*'(-%.00(%g/-(-'/-N%*1A%M-).%u%51%(/0'0%N-)()*L*3'%-,%'2&2)&*1%)0'5A20C%%M51*33L7%.L%(*3S%B533%
+-1+32A0%B5(/%A5'+2''5-1%-,%'N*(5*3%+-1'()2+('%(/*(%*)0%&-)1%-2(%-,%B/*(%E%+*33%TA565(*3%3-65+UC%%E%B533%
N)0'01(%.L%B-)S%*'%*1%0R*.N30%-,%N*51(516'%(/*(%0RN3-)0%(/0%)/0(-)5+%-,%A565(*3%*&'()*+(5-1C!
6=\.((*&!J$2$$+!!A30*!1234$(530*!):!U$-!T)(Q!\(.8<.0$!A$20$(+!!V,0!35!#%.=Q&!8.(Qp!30!7.5!
:$$0WR!!"E0$=!/=<%?0<($!):!07$!"23@.%!L)(%8%
80)0%(/0%$Q(0+'%*15.*3%3-K0)'`%%E(%5'%A5,,5+23(%(-%*''0''%(/0%)03*(5-1'/5N'%$Q(0+'%'/*)0A%B5(/%(/0%
*15.*3'%51%(/05)%3*1A'+*N0C% @/0L%'*+)5,5+0A%(/0.%*1A%+-1,3*(0A%(/0.%B5(/%5.*651*)L%+)0*(2)0'C%
$(%(5.0'7%*15.*3'%B0)0%,0*)0AC%%$(%-(/0)'7%(/0L%B0)0%0RN3-5(0AC%%O0(%(/0%$Q(0+'%A5A%30*K0%&0/51A%
0K5A01+0%-,%A00N%0.-(5-1*3%&-1A'%'/*)0A%B5(/%*15.*3'C%%$%'2&'0(%-,%'.*33%*15.*3%'+23N(2)0%
A5,,0)'%,)-.%(/0%,*.535*)%$Q(0+%*0'(/0(5+%-,%+-'.-3-65+*33L%,50)+0%)03565-2'%&0516'C%%@/0'0%*)0%-,(01%
51(5.*(0%*1A%&01561%N-)()*L*3'%-,%B53A%*1A%A*160)-2'%&0*'('C%%@/0L%*)0%A0(*530A%*1A%+*)0,233L%
'(2A50A%+*)K516'%-,%(51L%51'0+('C%%@/0%N2)N-'0%-,%(/0'0%'+23N(2)0'%)0.*51'%*1%0156.*C%%80)0%(/0L%
)03565-2'%-,,0)516'`%!0+23*)%N-)()*5('`%%:)%N0)/*N'%3-K516%*1A%(01A0)%)01A0)516'%-,%+-.N*15-1'%
*1A%,*.535*)'`%%8/L%A5A%(/0%$Q(0+%+)*,('.01%'N01A%'-%.2+/%(5.0%+)0*(516%*15.*3'`%
E1%(/0%+-1(0R(%-,%$Q(0+%.L(/-3-6L7%(/0%,21+(5-1%-,%(/0%'+23N(2)0'%*'%51(0).0A5*)50'%&0(B001%(/0%
$Q(0+'%*1A%(/0%1*(2)*3%B-)3A7%(/0%$Q(0+'%*1A%(/0%A5K5107%*1A%(/0%A5K510%*1A%(/0%1*(2)*3%B-)3A%
&0+-.0'%K5'5&30C%PL%+3-'03L%)0*A516%'+23N(2)0'%-,%)0*3%*15.*3'%*3-16'5A0%(/-'0%-,%(/0%,0*)0A%*1A%
)0K0)0A%.L(/-3-65+*3%,0*(/0)0A%'0)N01(7%B0%+*1%+-.0%(-%&0((0)%21A0)'(*1A%(/0%$Q(0+%51(0)*+(5-1%
B5(/%(/05)%1*(2)*3%B-)3A%*1A%(/0%*15.*3'%(/*(%'/*)0A%5(%B5(/%(/0.C
6=\($$4*&!B328.!H+! K%8!C)@323)2!1234$(530*+! '7$!6)<(2329!>3=0<($!.5!;438$2=$!):!
8&1(#F#$#)KR!"@$(3=.M5!T)<29!B.83$5!>($?.($!07$!>()?$(!J)<55$.<$5a<$!6$@)(3.%!32!07$!
U$-!;8$2%
@/5'%N*N0)%B533%0R*.510%(/0%5.N-)(*1+0%-,%4-2)1516%g5+(2)0'%51%(/0%A0K03-N.01(%-,%
"1356/(01.01(%*1A%^-.*1(5+%(/-26/(%*1A%N)*+(5+0%+-1+0)1516%.0.-)5*3'%(-%(/0%A0*AC%%@/0%
()*51516%-,%L-216%3*A50'7%B/5+/%3*)603L%(--S%N3*+0%*.-16%(/0!)*;3&!O#;'7&#+4+&%51%D-)(/0*'(0)1%
+-*'(*3%+01(0)'7%51+32A0A%(/0%N)-A2+(5-1%-,%5.*60'%A0K-(0A%(-%A0N*)(0A%,*.53L%.0.&0)'%-&K5-2'3L%
A0'(510A%,-)%N*)3-)'C%%#)0*(0A%51%&-(/%0.&)-5A0)L%*1A%B*(0)+-3-)7%*++-)A516%(-%3--'03L%A0(0).510A%
5+-1-6)*N/L7%(/0'0%N5+(2)0'%N3*L0A%&-(/%N)*+(5+*3%*1A%*0'(/0(5+%)-30'%51%(/0%0A2+*(5-1%-,%65)3'%-,%
(/0%2NN0)%+3*''0'C% @/0%N5+(2)0'7%B5(/%(/05)%'L3K*1%63*A0=35S0%0RN*1'0'7%A)--N516%B533-B'7%10-=%
+3*''5+*3%(-.&'(-10'7%&)--S'7%*1A%".N5)0%,510)L7%)0,30+(%(/0%0.&)*+0%-,%^-.*1(5+%+-1+0N('%-,%
A0*(/%*1A%)0N3*+0%(/0!F*$+3*4%5.*60)L%&)-26/(%,)-.%(/0%:3A%8-)3A%(-%(/0%D0B%51%g2)5(*1%D0B%
"163*1AC% @/0%6)0*(%$.0)5+*1%"A01%B*'%(/0%N0),0+(%N3*+0%,-)%(/0%6*)A01%+0.0(0)L7%+-1'()2+(0A%
.-)0%0*'53L%/0)0%(/*1%51%M)*1+0C%%@/0'0%6*)A01%+0.0(0)50'%B0)07%*(%30*'(%51%(/0%4-2)1516%
g5+(2)0'7%K5'5(0A%&L%601(30%.-2)10)'%B/-'0!4&$4+O+.+3a%0RN)0''0A%"1356/(01.01(%(/-26/(%51%*%
N*)(5+23*)3L%M)*1+-N/535+%,*'/5-1C%%@/0%4-2)1516%g5+(2)0%+*1%&0%'001%*'%(/0%0R(01'5-1%-,%
N/53-'-N/5+*3%+-1+0N('%(-%(/0%B-.01%-,%-2)%A0K03-N516%A0.-+)*+L7%*1%0R0)+5'0%51%)0,510.01(%-,%
/*1A%*1A%.51A%*++-)A516%(-%*%"2)-N0*1%.-A03C!
6=P$)-2&!L3%%3.@+!!1234$(530*!):!6$@?735+!!/0+!\$)(9$&!/0+!1(5<%.&!.28!/0+!A(<@?$0R!
A.(?.==3)M5!S$23=$!.5!.!6)8$%!:)(!J<5Q32M5!10)?3.2!A)@@<2303$5%
E1%(/0%3*(0%1510(001(/%+01(2)L7%Z-/1%^2'S51%N3*L0A%*%'5615,5+*1(%)-30%51%)0K5K516%'+/-3*)3L%51(0)0'(%
51%#*)N*++5-\'%.2)*3'7%0'N0+5*33L%(/0%+L+30'%-,%!(C%])'23*%*1A%!*1%[5-)65-%A0635%!+/5*K-15C%
F-B0K0)7%^2'S51%A5A%1-(%)0'()5+(%/5'%51(0)0'(%N2)03L%(-%(/0%9010(5*1%N*51(0)\'%*)(%/5'(-)5+*3%K*320C%
M-)%^2'S517%#*)N*++5-\'%N*51(516'%+-1(*510A%5.N-)(*1(%'-+5*3%*1A%.-)*3%30''-1'C%
@/5'%N*N0)%B533%0RN3-)0%(/0%)03*(5-1'/5N%&0(B001%#*)N*++5-\'%N*51(516'%*1A%^2'S51\'%2(-N5*1%
(/0-)50'C%%E1A00A7%^2'S51\'%5A0*3%+-..215(L%*1A%(/0%N0-N30%B/-%+-.N)5'0%5(%*)0%3*)603L%51'N5)0A%
&L%#*)N*++5-\'%*)(B-)S'C%%^2'S51%B*'%N*)(5+23*)3L%,*'+51*(0A%B5(/%#*)N*++5-\'%A0N5+(5-1'%-,%!(C%
[0-)60%*1A%!(C%])'23*7%'00516%(/0.%*'%N0)'-15,5+*(5-1'%-,%5A0*3%.*'+23510%*1A%,0.51510%&0/*K5-)C%
E1%^2'S51\'%2(-N5*1%'-+50(L7%(/0%.01%B-23A%*A-N(%#*)N*++5-\'%!(C%[0-)60%*'%(/05)%.-A03%,-)%
+/5K*3)-2'%&0/*K5-)q%(/0%B-.01%B-23A%(*S0%!(C%])'23*%*'%(/05)%0R0.N3*)%-,%K5)(2-2'%&0/*K5-)C%
@/2'7%51%/5'%+-1+0N(2*35Q*(5-1%-,%*%N0),0+(%'-+50(L7%^2'S51%3--S0A%'N0+5,5+*33L%(-%9015+0m-)7%.-)0%
N)0+5'03L7%#*)N*++5-\'%A0N5+(5-1'%-,%*%9015+0=35S0%+5(Lm*'%/5'%/5'(-)5+*3%.-A03C%%^2'S51%B-23A%
10K0)%'2++00A%51%0'(*&35'/516%*1L%K5*&307%'03,='2,,5+501(%+-..210'C%%D0K0)(/030''7%/0%B-23A%
*3B*L'%5A01(5,L%K5)(2-2'%&0/*K5-)7%*1A%K5)(2-2'%51A5K5A2*3'7%B5(/%#*)N*++5-\'%N*51(516'7%0K01%(-%(/0%
N-51(%-,%+-1,3*(516%/5'%A0+0*'0A%3-K07%^-'0%W*%@-2+/07%B5(/%!(C%])'23*C!
6$83=<5&!\<50.4+! P$20!/0.0$!1234$(530*+! 63=7$%.29$%)!.28!/3$2.%
@/0%51,3201+0%-,%!5010'0%*)(%2N-1%45+/03*1603-%5'%0RN3-)0A7%+5(516%(/0%)0350,'%-,%Z*+-N-%A033*%
z20)+5*7%*%'+23N(0A%g50(*%&L%90++/50((*7%*1A%B-)S'%&L%(/0%3*(0)%z2*(()-+01(-%'+23N(-)%$1(-15-%
M0A0)56/5C% 45+/03*1603-\'%B-)S%-1%(/0%g5++-3-.515%$3(*)%51%!501*%#*(/0A)*3%&0(B001%;f?;m;f?J%
*33-B0A%(/0%M3-)01(510%(-%&0+-.0%,*.535*)%B5(/%(/0%-2(N2(%-,%!5010'0%*)(5'('C% 45+/03*1603-\'%
51A0&(0A10''%(-%+0)(*51%!5010'0%.-(5,'%'/-B'%(/0%*)(5'(%B-)S516%51%*%.*110)%'5.53*)%(-%/5'%
+-1(0.N-)*)50'C% $'%.2+/%*'%/0%51+-)N-)*(0A%*1(5Y20%+3*''5+*3%*)(%51(-%/5'%)0N0)(-5)07%
45+/03*1603-%2'0A%5A0*'%,)-.%/5'%)0+01(%,-)0&0*)'7%M3-)01(510%*'%B033%*'%!5010'07%N*)*N/)*'516%
(/05)%A0'561'%,-)%/5'%B-)S7%.2+/%*'%/5'%+-1(0.N-)*)L%^*N/*03%A5AC% @/5'%'0)K0'%(-%6)-21A%'-.0%
-,%(/0%.L(/%-,%(/0%'03,=+)0*(0A%60152'%(/*(%'2))-21A'%45+/03*1603-%51(-%*%.-)0%+-.N)0/01'5&30%
B-)S516%N)-+0A2)0C% $%Y20'(5-1%*)5'0'7%/-B0K0)7%B/0(/0)%45+/03*1603-%.0*1(%(/0'0%
N*)*N/)*'0'%(-%&0%5A01(5,5*&30%(-%/5'%*2A501+07%51%(/0%.*110)%51%B/5+/%^*N/*03\'%N*)*N/)*'0'%
'00.%(-%B-)S7%-)%5,%(/0L%B0)0%+/-'01%,-)%(/05)%3*+S%-,%,*.535*)5(L%(-%(/0%K50B0)m(/2'%/5A516%(/0
*2(/-)\'%'-2)+0'C% 45+/03*1603-\'%2'0%-,%!5010'0%'-2)+0'%/56/356/('%(/0%'-N/5'(5+*(5-1%-,%
!5010'0%+23(2)07%*1A%30*A'%(/0%*2A501+0%(-%)00K*32*(0%(/0%3*(0)%z2*(()-+01(-%-2(N2(%-,%(/5'%
'.*330)%+5(L%'(*(0%51%*%.-)0%N)-6)0''5K0%356/(C!
6$9.2=Q&!J)#$(0+!!S3(9323.!A)@@)2-$.%07!1234$(530*+!!>():$553)2.%!>(.=03=$!J$a<3($5!.!
>():$553)2.%!A<((3=<%<@%
$3(/-26/%B0%S1-B%(/0%.*51%)0*'-1%'(2A01('%*)0%A)*B1%(-%-2)%N)-6)*.'%5'%(/*(%(/0L%/-N0%(-%,51A%
0.N3-L.01(%*,(0)%6)*A2*(5-17%(/0%&23S%-,%-2)%+2))5+23*%*)0%(*S01%2N%B5(/%(/0%0'(/0(5+'%-,%K5'2*3%
+-..215+*(5-1'C%%80%,)0Y201(3L%'N-2(%.*1()*'%35S0%bEv.%()*51516%.51A'%1-(%/*1A'b7%*1A%*K-5A%
(0).'%35S0%*AK0)(5'516%*1A%.*)S0(516%*'%5,%(/0L%B0)0%(/0%N3*620C%%80%N)-.-(0%'-=+*330A7%'-+5*33L%
+-1'+5-2'%A0'561%B5(/%*%'S0B0A%&0350,%(/*(%-2)%'(2A01('%B533%*33%,51A%B-)S%51%(/0%1-(=,-)=N)-,5(%
'0+(-)C%%E%&0350K0%(/0%(0*+/516%-,%&2'510''%0(/5+'%.2'(%&0%*%+)5(5+*3%N*)(%-,%0K0)L%+2))5+232.7%*1A%5(%
5'%1*5K0%(-%(/51S%(/*(%L-2%+*1%(0*+/%0(/5+'%*1A%*K-5A%(/0%)0*35(L%-,%N)-,0''5-1*3%N)*+(5+0C%%80%'5(%51%
-2)%*+*A0.5+%5K-)L%(-B0)'%*1A%'/21%(0*+/516%'-.0%-,%(/0%(/516'%&*'5+%(-%(/0%A0K03-N.01(%-,%*%
'2++0'',23%+*)00)C%%80%100A%(-%.*S0%5(%+30*)%(/*(%A0'5617%5332'()*(5-17%N/-(-6)*N/L%*15.*(5-1%*1A%
K5A0-%*)0%&2'510''0'q%*1A%100A%(-%A0K03-N%+2))5+23*%(/*(%)0,30+(%(/5'C!
6$5.I\.38)&!\.(*+!!6)($7$.8!/0.0$!1234$(530*+!!G$*)28!07$!G.<7.<5!B.#)(.0)(*R!!A.2!
A)%)(!'7$)(*!G$!"??%3=.#%$[%
E%)0.0.&0)%B033%.L%21A0)6)*A2*(0%0A2+*(5-1q%(/0%'()2+(2)0%-,%(/0%N)-6)*.%3--'03L%&*'0A%-1%(/0%
P*2/*2'%*NN)-*+/C%%P2(%51%N*)(5+23*)7%B/*(%E%)0.0.&0)%(/0%.-'(%5'%/-B%35((30%E%30*)10A%51%.L%+-3-)%
(/0-)L%+3*''C%%@/5'%/*'%1-(/516%(-%A-%B5(/%*%&*A%N)-,0''-)%B/-%A5A1\(%S1-B%(/0%.*(0)5*3%-)%B/-%
B*'1\(%N)0N*)0AC%%@/5'%/*'%(-%A-%B5(/%(/0%N0A*6-65+*3%N)*+(5+0%-,%(0*+/516%+-3-)%(/0-)L%35S0%*%
'+501+0%0RN0)5.01(C%%8/L%1-(%.*S0%+-3-)%*NN35+*&30%(-%(/0%*)0*%51%Y20'(5-17%'N0+5,5+*33L%(/0%K5'2*3%
*)('%51%.L%+*'0C%%#*1%B0%(0*+/%'5.23(*10-2'3L%(/0%5A0*%-,%'L'(0.'%-,%+-3-)%B/530%*NN3L516%(/0%
+-3-)`%%E%B-23A%35S0%(-%N)0'01(%.L%5A0*%-,%(0*+/516%+-3-)%&L%A-516%N)-V0+('%(/*(%A5)0+(3L%)03*(0%(-%
B/*(%B0%.*S0%*'%*)(5'('C%%#*1%B0%+)0*(0%*%&0((0)%,-21A*(5-1%51%+-3-)%(/*(%'2NN350'%(/0%'(2A01('%-,%
(/5'%.53301152.%B5(/%(/0%K-+*&23*)L7%(0+/15Y20'7%(--3'%*1A%(*+(5+'%(-%+-.N0(0%51%@FE!%.53301152.`%
4L%/-N0%5'%(/*(%(/5'%,-)2.%B533%0K-S0%*1A%035+5(%Y20'(5-1'%*1A%*1'B0)'%(-%(/5'%5.N-)(*1(C%%E%B533%
'/-B%*%M3*'/%TP--SU%(/*(%E%/*K0%&001%A0K03-N516%,-)%(/0%N*'(%I%L0*)'%(/*(%*((0.N('%(-%+)0*(0%*1%
51(0)*+(5K0%30*)1516%01K5)-1.01(%,-)%*1L%'(2A01(%&253A516%*%+-3-)%,-21A*(5-1%51%(/0%K5'2*3%*)('C!
6$*$(&!J$2$$+!!,)-.!/0.0$!1234$(530*+!!A<%0<($&!A)20$D0&!.28!A)@@<23=.03)2R!
J$5?)253#3%303$5!):!07$!\(.?73=!C$5392$(%
W5K516%51%(/0%,*'(%N*+0A%*1A%0K0)=+/*16516%+-)N-)*(0%$.0)5+*%-,%(-A*L7%5(%/*'%&0+-.0%K0)L%0*'L%
,-)%'-+50(L%l%51+32A516%A0'5610)'%(/0.'03K0'%l%(-%,-)60(%-)%+-1,2'0%(/0%5A01(5(L%*1A%51()51'5+%
+23(2)*3%K*320%-,%(/0%6)*N/5+%A0'5610)C%%M3*B'%'2+/%*'%(/5'%A-%1-(%V2'(%'2,,-+*(0%(/0%+)0A5&535(L%-,%
A0'5610)'7%&2(%23(5.*(03L%N2(%(/0%+23(2)0'%(/0L%)0N)0'01(%51%*%K0)L%,)*6530%N-'5(5-1C%%Z-*10%D*6037%
]15K0)'5(L%_5'(51625'/0A%g)-,0''-)%*1A%,-).0)%#/*5)%-,%(/0%!-+5-3-6L%_0N*)(.01(%*(%(/0%
]15K0)'5(L%-,%X*1'*'7%/*'%A0,510A%(/0%5''20%-,%5A01(5(L%*1A%+23(2)0%*'%*1%0''01(5*3%*1A%01A30''%
N)-+0''%-,%+)0*(516%*1A%)0+)0*(516%'-+5*3%+-.N-101('%GD*6037%Z-*10C%T#-1'()2+(516%"(/15+5(Lc%
#)0*(516%*1A%^0+)0*(516%"(/15+%EA01(5(L%*1A%#23(2)07U!:#(+*.!6'#O.&84G%9-3C%J;7%D-C%;%G;nnJHc%
;f>=;<jHC%%$'%6)*N/5+%A0'5610)'7%B0%*)0%'5615,5+*1(3L%)0'N-1'5&30%,-)%51(0)N)0(516%*1A%
)051(0)N)0(516%(/0'0%+23(2)*3%.0''*60'%51(-%K5'2*3%K0)1*+23*)'%'25(*&30%,-)%'N0+5,5+%(*)60(%
*2A501+0'C%%@/5'%)0'0*)+/%0RN3-)0'%/-B%A0'5610)'%+*1%5.N)-K0%*1A%.*51(*51%(/05)%51(06)5(L%
(/)-26/%'-+5*37%+23(2)*37%*1A%0A2+*(5-1*3%30*)1516%N*)*A56.'C%%@/0%N)5.*)L%6-*3%5'%(-%N)-.-(0%(/0%
5.N-)(*1+0%-,%5A01(5(L7%'03,=*B*)010''7%*1A%N2)N-'0%51%&-(/%(/0%A0'5610)%*1A%'-+50(L%51%-)A0)%(-%
51+)0*'0%(/0%K*320%-,%6)*N/5+%A0'561%*'%*%'-+5*3%*1A%+23(2)*3%,*+535(*(-)7%B/5+/%B533%51%(2)1%)0'23(%51%
&0((0)%A0'5610)'7%5.N)-K0A%K5'2*3%+-..215+*(5-17%*1A%'2N0)5-)%+-..215(50'C
63%%$(&!/0$?7.23$!J+! 1234$(530*!):!L35=)2532IL730$-.0$(+! G)*5!L3%%!G$!6$2R!,@.9$5!):!
"8)%$5=$20!A303E$25!32!H3:0$$207IA$20<(*!J$?<#%3=.2!H%)($2=$%
^01*5''*1+0%5.*60'%*1A%N-)()*5('%-,%*A-30'+01(%.*30'%0.0)60%A2)516%(/0%,5,(001(/%+01(2)L%*'%*%
601)0%A5'(51+(%,)-.%+/53A%*1A%*A23(%N-)()*5('C% #-1(0.N-)*)L%35(0)*(2)0%*1A%A*(*%A0'+)5&0%.*30%
*A-30'+01+0%*'%0R(01A516%(-%*60%(B01(L=,5K0%-)%(B01(L=056/(C%%@/0%*60'%-,%(/0%&-L'%51%(/0'0%
N-)()*5('%+-51+5A0%B5(/%(/0%*60'%-,%^01*5''*1+0%&-L'%01(0)516%10B3L%+)0*(0A%N2&35+%+-1,)*(0)15(50'%
51%M3-)01+0%A0'5610A%(-%0A2+*(0%*1A%(-%51()-A2+0%*A-30'+01(%&-L'%(-%+5K5+%35,0C%%@/0%*A-30'+01('%
51%(/0'0%+-1,)*(0)15(50'%016*60A%51%.-)0%N2&35+%)-30'7%-1%'(*60%-)%51%)5(2*3%N)-+0''5-1'7%*1A%
0.0)60A%*'%(/0%)0N2&35+\'%T'-+5*3%5A0*3%h*1Ai%'*K5-)'7U%*%)-30%-1+0%N3*L0A%-13L%&L%(/-'0%51%N-35(5+*3%
-)%.-1*'(5+%*2(/-)5(LC%%_2)516%(/5'%3016(/L%*A-30'+01+07%N*)01('%*1A%+5(5Q01'%&06*1%(-%*''-+5*(0%
(/05)%.*30%+/53A)01%B5(/%(/0%,2(2)0%-,%(/0%,*.53L%*1A%(/0%'(*(0C%%W5S0B5'07%+/53A%)0*)516%-,%&-L'%&L%
,*(/0)'%B*'%+-1'5A0)0A%&-(/%*%+5K5+%*1A%,*.53L%)0'N-1'5&535(LC%%$(%(/0%'*.0%(5.07%+-1(0.N-)*)L%
35(0)*(2)0%)0,0)'%(-%(/0%B53A%*1A%533=&0/*K0A%&*1A'%-,%&-L'%)-*.516%(/0%'()00('%-,%M3-)01+07%B/5+/%
A2)516%(/0%,5,(001(/%+01(2)L%/*A%*%K0)L%L-2(/,23%N-N23*(5-1C%%@/5'%N*N0)%0RN3-)0'%N2&35+%*1A%N)5K*(0%
5.*60'%*1A%N-)()*5('%-,%*A-30'+01(%.*30'%*'%K0/5+30'%(-%+-1K0L%*NN)-N)5*(0%&0/*K5-)%*1A%N)0N*)0%
&-L'%,-)%*A23(7%+5K5+%)0'N-1'5&535(50'%*1A%+5(5Q01'/5NC!
6))($&!L3%%3.@!C+!!1234$(530*!):!U)(07!A.()%32.!.0!L3%@3290)2+! J$=)(8329!.2!"@$(3=.2!
A<%0<($R!J<07!J$$4$5&!07$!:1%&4!5<!A.&'#H01!J&(#;1&!.28!07$!A.2)23E.03)2!):!
/7.Q$(!A(.:05!32!07$!/<@@$(!):!Yfkq%
$.0)5+*1%&2'510''0'%/*K0%2'0A%(/0%+-1+0N(%-,%T!/*S0)%!(L30U%(-%'033%+-1'2.0)%6--A'%51+32A516%
,2)15(2)07%+3-(/5167%*1A%&--S'%'51+0%(/0%3*(0%;nI?'C%%$.0)5+*1'%5A01(5,L%*%.515.*35'(7%'5.N307%
21-)1*.01(0A%A0'561%B5(/%(/0%!/*S0)'7%*%+035&*(07%+-..215(*)5*17%N50(5'(5+7%g)-(0'(*1(%'0+(%B5(/%
)--('%51%;r%(/% +01(2)L%[)0*(%P)5(*51C%%^0+01(%'+/-3*)'/5N7%/-B0K0)7%/*'%&0621%(-%)0+-615Q0%(/*(%(/0%
*0'(/0(5+%351S0A%(-%(/0%!/*S0)'%5'%*(%30*'(%N*)(3L%*%(B01(50(/=+01(2)L%51(0330+(2*3%+-1'()2+(%+)0*(0A%
&L%51A5K5A2*3'%51+32A516%(/0%*)(5'(%#/*)30'%!/0030)7%(/0%N/-(-6)*N/0)%85335*.%MC%851(0)7%*1A%(/0%
+-330+(-)'%M*5(/%*1A%"AB*)A%_0.516%$1A)0B'C%%PL%A)*B516%2N-1%B)5((017%K5'2*37%*1A%*)(5,*+(2*3%
0K5A01+07%(/5'%(B01(L=.512(0%N)0'01(*(5-1%B533%*)620%(/*(%(/0%*+(5K5(50'%-,%(/0!S$/&Z!#%!28&'+(*$!
-&4+7$7%*%N)-V0+(%-,%(/0%D0B%_0*3\'%M0A0)*3%$)(%g)-V0+(7%A2)516%(/0%'2..0)%-,%;nIj%B0)0%N5K-(*3%
51%+)0*(516%(/0%N2&35+\'%21A0)'(*1A516%-,%!/*S0)%+)*,('C!
6)(.%$5&!J$32.%8)&!F(+!!1234$(530*!):!A$20(.%!"(Q.25.5+!!6.2!"(0R!!L.((3)(!C35?%.*!
,=)2)9(.?7*!32!"2=3$20!/)<07!"@$(3=.%
8*))5-)7%B*),*)07%/21(5167%*1A%B0*N-1%5+-1-6)*N/L%5'%+-..-1%51%N)0/5'(-)5+%P)*Q535*1%)-+S%*)(C% E1%
(/0%D-)(/0*'(0)1%'(*(0'%-,%P*/5*7%g5*2€%*1A%^5-%[)*1A0%A-%D-)(0%(/5'%5.*60)L%)*160'%,)-.%
AL1*.5+%*1A%&)2(*3%6)-2N%'+010'%(-%'(-5+7%03*&-)*(03L%A0+-)*(0A%*1(/)-N-.-)N/'C%E1%'-.0%-,%(/0%
.-)0%'-N/5'(5+*(0A%+-.N-'5(5-1'%(/0%B0*N-1)L%5'%N)-.5101(3L%A5'N3*L0A%L0(%(/0)0%5'%1-%
'2660'(5-1%-,%*+(5-17%*%/21(7%*((*+S%-)%-(/0)B5'0C% @/5'%'-)(%-,%A5'N3*L=,-)=A5'N3*Lv'='*S0%
5+-1-6)*N/L%5'%,-21A%51%-(/0)%.0A5*%03'0B/0)0%51%N)0/5'(-)5+%!-2(/%$.0)5+*7%*1A%5'%)0,30+(0A%51%
(/0%35K516%*)('%-,%(/0%P)*Q535*1%E1A5*1'C% #-1'5A0)516%(/0%&)-*A0)%+23(2)*3%3*1A'+*N07%(/0%)-+S%*)(%
.*L%/*K0%B-)S0A%*'%601A0)0A%A5'N3*L%m*'!8*$!*'3%,-)%*!8*$!>#'./C!
6)(($.%$&!C$4)2+!!1234$(530*!):!U)(07!H%)(38.+!!'7$!C.2=$!):!/.%)@$!32!J)@.2$5a<$!
/=<%?0<($%
@/0%_*1+0%-,%!*3-.0%5'%*1%21+-..-1%(/0.0%51%^-.*10'Y20%'+23N(2)07%*1%0R+0N(5-1*3%6)-2N%-,%
;>%(/% +01(2)L%+*N5(*3'%)0N)0'01(516%(/0%A*1+0%0R5'('%51%!-2(/B0'(0)1%M)*1+0%*(%(/0%[*'+-1%
+/2)+/0'%-,%W*%!*2K0=4*V02)07%!(C=!0K0)7%W0'+*)7%*1A%!(=•(50110%A0%@-23-2'0C%%@/0%'+23N(2)0'%
51%(/5'%6)-2N%*)0%+3-'03L%)03*(0A7%L0(%0*+/%5'%5+-1-6)*N/5+*33L%A5'(51+(%*1A%0.N/*'5Q0'%*%A5,,0)01(%
*'N0+(%-,%(/0%!*3-.0%'(-)L\'%.0*1516C%%@/5'%N*N0)%0RN3-)0'%(/0%)0*'-1'%,-)%(/0%'()5S516%N-N23*)5(L
-,%(/0%A*1+0%51%[*'+-1%^-.*10'Y20%*)(7%*'%B033%*'%(/0%*)(5'(5+%*1A%5+-1-6)*N/5+%)03*(5-1'/5N'%
(/*(%351S%)0N)0'01(*(5-1'%-,%(/0%'2&V0+(C%@/0%A*1+0%5'%+-110+(0A%(-%*%12.&0)%-,%(/0.0'%(/*(%/03N%
(-%0RN3*51%(/0%'2&V0+(\'%*NN0*3%*1A%(/0%)0*'-1'%,-)%5('%5+-1-6)*N/5+%K*)5*(5-1C%%@/0%'(-)L%-,%
!*3-.0%*1A%(/0%M0*'(%-,%F0)-A%-++2)'%B5(/51%(/0%3*)60)%+-1(0R(%-,%(/0%.*)(L)A-.%-,%Z-/1%(/0%
P*N(5'(7%&2(%)0N)0'01(*(5-1'%-,%(/0%A*1+0%*)0%*3'-%+-110+(0A%5+-1-6)*N/5+*33L%(-%(/0%,0'(*3%
5.*60)L%-,%(/0%N*)*&30%-,%W*Q*)2'%*1A%_5K0'%*1A%(-%N-N23*)%*1A%N)-,*10%)0N)0'01(*(5-1'%-,%
A*1+0)'7%*+)-&*('7%*1A%0K01%42'35.%B-.01C%%@/0'0%A5K0)'0%'*+)*37%,0'(*37%N)-,*107%*1A%'0R2*3%
(01'5-1'%'2))-21A516%(/0%'(-)L%-,%!*3-.0%+-1()5&2(0A%(-%5('%N-N23*)5(L%*1A%+3*)5,L%5('%'L.&-35+%
A5.01'5-1'%51%^-.*10'Y20%*)(C!
6)((35&!"207)2*!F!" A.5$!L$50$(2!J$5$(4$!1234$(530*!" '7$!,@?%3$8!/?$=0.0)(!32!07$!
>.3203295!):!>.<%!A.8@<5!.28!J$932.%8!6.(57%
"R5'(516%'+/-3*)'/5N%-1%g*23%#*A.2'%0.N/*'5Q0'%/5'%)03*(5-1'/5N%B5(/%-(/0)%/-.-'0R2*3%.01%-,%
/5'%0)*7%&2(%N0)/*N'%(/0%6)0*(0'(%51,3201+0%-1%#*A.2'\'%B-)S%B*'%(/*(%-,%/0(0)-'0R2*3%*)(5'(7%
^0651*3A%4*)'/C% 8/530%*%'2N0),5+5*3%+-110+(5-1%&0(B001%(/0%(B-%*)(5'(\'%/*'%&001%.*A07%
'+/-3*)'%/*K0%561-)0A%(/0%B*L%(/*(%(/0%(B-%,*'/5-10A%(/0%'()2+(2)0%-,%A0'5)0%51%(/05)%N*51(516'%*1A%
(/0%B*L%(/0L%-)6*15Q0A%K5'2*3%A)*.*'%51%*%.-'(%212'2*3%B*L7%&253A516%(/05)%B/-30%*)(5'(5+%
+-1+0N(5-1%*)-21A%*%,562)0%B/-%5'%1-(%N)0'01(%51%(/0%N*51(516%5('03,7%&2(%'(*1A'%-2('5A0%5(C%
@/5'%N*N0)%B533%0R*.510%(/0%'()2+(2)0%-,%4*)'/\'%N*51(516!:3*'!U;'.&4X;&%G;nIIH%*1A%#*A.2'\'!
:*+.#'4!*$/!@.##^+&4%G;nIrHC% P-(/%*)0%0''01(5*33L%(/0*()5+*3%51%(/05)%'2&V0+(%.*((0)7%*3(/-26/%-10%
N5+(2)0'%(/0%(/0*()5+*35(L%-,%(/0%'(*607%(/0%-(/0)%(/0%(/0*(0)%-,%(/0%'()00(C% P-(/%A0*3%B5(/%K-L02)5'.%
*1A%'0R2*3%0R+/*160C% P2(%N0)/*N'%(/0%.-'(%212'2*3%,0*(2)0%-,%&-(/%N*51(516'%5'%(/*(%(/0%
.0*1516%-,%(/0%N*51(516%A0N01A'%-1%*1%51K5'5&30%N*)(5+5N*1(m*1%21'001%'N0+(*(-)C% E1!:3*'!
U;'.&4X;&%*1A%#*A.2'\'!A'&&$>+()!0+..*7&!"*%&3&'+*G%G;nIJH%(/0%'0R2*33L%A0'5)0A%&-AL%6*Q0'%
(/)-26/%(/0%1-1=A0'5)0A%601A0)%(-%3--S%-2(%-,%(/0%N5+(2)0%*(%(/0%5.N350A%N-'5(5-1%-,%(/0%'N0+(*(-)7%
B/-%*)62*&3L%'(*1A'%51%,-)%(/0%*)(5'(%/5.'03,C!
6<%7$.(2&!P$432+!!\(.8<.0$!A$20$(!):!07$!A30*!1234$(530*!):!U$-!T)(Q+!!1234$(530*!):!/)<07!
A.()%32.!1?50.0$+!!A.(%!"28($M5!\(385R!B.285=.?$5&!6.?5!.28!6)2<@$205%
:10%-&'0)K0'%$1A)0\'%'+23N(2)0'7%.*A0%,)-.%,3*(%.0(*3%N3*(0'%N3*+0A%-1%(/0%,3--)7%,)-.%*&-K07%*1%
-.15'+501(%N0)'N0+(5K0%B/5+/%)0N)-A2+0'%*%K5'2*3%+-1K01(5-1%-,(01%0.N3-L0A%51%1510(001(/%
+01(2)L%3*1A'+*N0%N*51(516'C% $3&0)(%P-5.0%*3561'%(/5'%N0)'N0+(5K0%B5(/%(/0%'-+5-N-35(5+*3%5A0-3-6L%
-,%80'(B*)A%0RN*1'5-1C% g5-100)'%'*B%6)5AA0A7%)*(5-1*3%*6)5+23(2)*3%-)6*15Q*(5-1%*'%(/0L%3--S0A%
,)-.%(/0%/056/('%51(-%(/0%N)-.5'0A%3*1AC% @/0%6)5A7%B/5+/%561-)0'%0+-3-65+*3%)0*35(50'%*1A%&2)50'%
(/0%-N01%3*1A'+*N0%-,%51A5601-2'%$.0)5+*7%5'%&-(/%*1%*&'()*+(%(--3%,-)%'5(2*(516%-10'03,%51%(/0%
B-)3A%*1A%*%K0)L%)0*3%N)0'01+0%-1%(/0%3*1AC% !5.53*)3L7%$1A)0\'%6)5A'%-,%.0(*3%N3*(0'%0'(*&35'/%*%
'L'(0.%-,%+--)A51*(0'%&L%B/5+/%-10%+*1%-)501(%-10'03,%N/L'5+*33L%51%(/0%6*330)LC% g0)+0N(2*33L7%
$1A)0\'%,3--)%'+23N(2)0'%)0N)-A2+0%+-1K01(5-1'%-,%5.N0)5*35'(%K5'2*35(L%*1A%3*1A'+*N0%-)6*15Q*(5-1%
-13L%(-%'2&K0)(%(/0.%(/)-26/%(/0%B*L%51%B/5+/%(/0%K50B0)%N/L'5+*33L%0RN0)501+0'%(/0%B-)S%&L%
B*3S516%-1%5(%*1A%51%A-516%'-7%+*2'0'%(/0%1-).*33L%A5'0.&-A50A%K50B0)%(-%&0+-.0%21+-.,-)(*&3L%
*B*)0%-,%&-A53L%0RN0)501+0'C% $1A)0\'%'+23N(2)0'%)01A0)%(/0%1-).*33L%51K5'5&30%'N*+0%B/5+/%(/0%
6)5A%&-(/%-)6*15Q0'%*1A%+-1'()2+('%K5'5&30C% $1A)0\'%'+23N(2)0'%21'0((30%.-A03'%-,%N0)+0N(5-1%*1A%
21A0)'(*1A516'%-,%60-6)*N/5+*3%'N*+0%(/*(%/*K0%/5'(-)50'%A00N3L%01.0'/0A%51%$.0)5+*1%
0RN*1'5-15'.7%*33-B516%,-)%*%)00R*.51*(5-1%(/0'0%5A0-3-65+*3%,-).*(5-1'C
6<%4.2$*&!G$07!"+!!6$($8307!A)%%$9$+!!"5?3(329!0)-.(8!U)#3%30*R!!/3%Q&!63(.=%$5&!.28!07$!
"@.83!H.@3%*%
P0(B001%;Jr;%*1A%;Jrn7%(/0%9010(5*1%+/2)+/%-,%!*1(*%4*)5*%A05%45)*+-35%B*'%&253(%(-%/-2'0%*%
.5)*+30=B-)S516%5.*60%-,%(/0%4*A-11*%*1A%#/53AC%%@/0%/5'(-)L%-,%(/5'%'()00(%+-)10)%
(*&0)1*+30a.5)*+23-2'%5.*60%&0651'%B5(/%*!(+33*/+$#%,*.53L7%(/0%$.*A57%5..56)*1('%,)-.%W2++*%
B/-%*))5K0A%51%9015+0%A2)516%(/0%3*(0%A2601(-%*1A%)*N5A3L%*+/50K0A%'2++0''%51%(/0%'53S%51A2'()LC%
PL%;J?n%B/01%M)*1+0'+-%$.*A5%+-..5''5-10A%*%()5N(L+/%G1-B%-13L%5('%+01()*3%N*103%'2)K5K0'H%
,)-.%D5++-3‚%A5%g50()-7%(/0%$.*A5%B0)0%'2++0'',23%.0)+/*1('%B/-%/*A%&001%()*A516%51%(/0%W0K*1(%
*(%30*'(%'51+0%(/0%3*(0%,-2)(001(/%+01(2)LC%%W-+S0A%B5(/51%(/0%/50)*)+/5+*3%'-+5*3%*1A%N-35(5+*3%
'()2+(2)0%-,%9015+07%(/0'0%01(0)N)5'516%'53S%.0)+/*1('%*1A%.*12,*+(2)0)'%N2'/0A%*6*51'(%(/0%)565A%
&-21A*)50'%-,%W*%!0)015''5.*\'%51'(5(2(5-1'7%V2'(%*'%9015+0%/0)'03,%+-1(512*33L%)0+3*5.0A%3*1A%,)-.%
(/0%'0*C%%g3*+516%(/5'%;J?n%5.*60%*(%(/0%+01(0)%-,%(/5'%51Y25)L7%E%B533%0R*.510%/-B%(/0%)5+/%*1A%
+-3-),23%N*51(0A%(0R(530%N*((0)1'%*)0%*%)0'23(%-,%(/0%$.*A5\'%32R2)L%'53S%()*A0C%%#-1(0R(2*35Q516%(/5'%
5.*60%B5(/51%(/0%45)*+-357%E%B533%'/-B%/-B%(/0%+/-5+0%-,%.*(0)5*3'7%A0'5617%*1A%A0+-)*(5K0%.-(5,'%-,%
&-(/%N*51(516%*1A%*)+/5(0+(2)0%B0)0%*%K5'5-1%-,%(/0%$.*A5\'%106-(5*(0A%N50(L%*1A%N)0'(560%B5(/51%
(/0%/50)*)+/5+*3%51'(5(2(5-1'%-,%9015+0C!
6<(?7*&!C$#(.+!!1234$(530*!):!U)(07!H%)(38.+!!/*@#)%35@!.28!>()?.9.28.R!'7$!H3=034$!
G()2E$5!32!07$!/=3?3)!H(3$E$!):!07$!>.%.EE)!8$3!A)25$(4.0)(3%
@/5'%N*N0)%'00S'%(-%0RN3-)0%(/0%.0*1516%-,%(/0%'030+(5-1%*1A%N3*+0.01(%-,%(/0%,5+(5K0%&)-1Q0'%51%
(/0%,)50Q0%-,%!+5N5-%$,)5+*12'%51%(/0%!*3*%A03%@)-1-%51%(/0%g*3*QQ-%A05%#-1'0)K*(-)5C% $1%21S1-B1%
*)(5'(%N*51(0A%(/0%,)50Q0%51%;fJJ%A2)516%(/0%N*N*+L%-,%g*23%EEE%M*)10'0C% @/0%N*51(0A%+-N50'%-,%
'+23N(2)0'%'0N*)*(0%*1A%,)*.0%(/0%1*))*(5K0%0N5'-A0'%-,%(/0%,)50Q0%*1A%51+32A0%'2+/%+030&)*(0A%
B-)S'%*'%(/0%W*-+--1%*1A%(/0%$N-33-%P03K0A0)0C% $AA5(5-1*3%T'+23N(2)0'U%51+32A0%)0N)0'01(*(5-1'%
-,%F0)+230'7%P*++/2'%*1A%923+*1C%!0K0)*3%+*1%&0%5A01(5,50A%*'%B-)S'%-B10A%&L%(/0%M*)10'0%
,*.53LC%
:,%(/0%.*1L%,)0'+-0'%A0N5+(516%K5+(-)5-2'%0RN3-5('%,)-.%^-.*1%*1(5Y25(L7%(/0%,)50Q0%-,%!+5N5-%
$,)5+*12'%5'%215Y20%51%(/0%A0+-)*(5-1%-,%(/0%g*3*QQ-%A05%#-1'0)K*(-)5%N)-6)*.'%&0+*2'0%5(%5'%
A0A5+*(0A%(-%-10%,562)0C%@/0%,)50Q0%+030&)*(0'%+-1(5125(L%*1A%()52.N/%51%5('%)0,0)01+0'%(-%(/0%
()52.N/'%-K0)%(/0%@2)S'%&L%#/*)30'%9%A2)516%(/0%M*)10'0%N*N*+LC% @/0%g-N0\'%10N/0B%#*)A51*3%
$30''*1A)-%M*)10'0%5'%,0*(2)0A%N)-.5101(3L%51%-10%-,%(/0%0N5'-A0'%'561*3516%*%)01-K*(5-%(/*(%5'%
A5K5103L%-)A*510AC% @/0%51+32'5-1%-,%+030&)*(0A%'+23N(2)0'%,)-.%*1(5Y25(L%*1A%,)-.%N*N*3%
+-330+(5-1'%21A0)'+-)0'%(/0%01+-.5*'(5+%N2)N-'0%-,%(/0%,)50Q0%'5(2*(0A%*'%5(%5'%*(%(/0%/0*)(%-,%(/0%
#*N5(-3510%F533C!
6<(?7*&!\($0.+!!U)(07$(2!"(3E)2.!1234$(530*+!!F3@@3$!C<(7.@M5!8&$<LM5')'0#)R!!V.5!%.(9$!.5!
%3:$&!.28!0-3=$!.5!2.0<(.%rW%
@/0%*)(5'(%Z5..50%_2)/*.%5'%51(0)1*(5-1*33L%S1-B1%,-)%/5'%'+23N(2)07%51'(*33*(5-1'7%N0),-).*1+0'7%
*1A%-10=(5.0%N-35(5+*3%*+(5K5'.C%%F5'%35,0='5Q0A!:&.%W6#'3'*+3%'N0*S'%(-%5''20'%-,%(/0%)*+5*35Q0A%*1A%
601A0)0A%&-AL%,)-.%(/0%N0)'N0+(5K0%-,%*%T.5R0A&3--AU%51(0)3-N0)C%%]1'0((3516%5.*60)L%*1A%
+-1,35+(516%(0R(2*3%N*''*60'%*)0%0.&3*Q-10A%-1%(/0%N-)()*5(=&-AL%(-%K5'2*33L%'+)2(515Q0%(/0%
()-2&30'-.0%+-1+0N(%-,%)*+5*3%*2(/01(5+5(L%*'%.0A5*(0A%&L%601A0)C%%]3(5.*(03L7%(/5'%;nrj%B-)S%
.*S0'%+-1()*A5+(-)L%)0,0)01+0'%(-%(/0%*)(5'(\'%.23(5N30%5A01(5(50'%51%-)A0)%(-%+/*330160%(/0%
0RN0+(*(5-1'%*1A%N0)+0N(5-1'%-,%B/*(%5(%.0*1'%(-%&0%*%+-1(0.N-)*)L%E1A5*1%.*1C
U$$%*&!B328.!P+!!B.28$(!1234$(530*+!!A)2:%3=0329!A)2=$?05!32!'$.=7$(!>($?.(.03)2!s!>.(0!,R!
'$.=7329!:)(!A)20$20!/0.28.(85!.28 '$.=7329!:)(!A($.03430*%
D*(5-1*3%*1A%'(*(0%'(*1A*)A'%,-)%*)(%0A2+*(5-1%0'(*&35'/%*1%-,,5+5*3%+2))5+232.%&L%'N0+5,L516%B/*(%
'(2A01('%T'/-23A%S1-B%*1A%&0%*&30%(-%A-CU%%8/01%B)5((01%,)-.%*%'2&V0+(=+01(0)0A%N0)'N0+(5K07%
(/0'0%'(*1A*)A'%A5)0+(%*((01(5-1%(-B*)A%(/0%*)(%(0*+/0)%*'%*%()*1'.5((0)%-,%(0+/15Y20'7%K-+*&23*)L7%
,*+('7%*1A%K0)&*3%'()2+(2)0'%,-)%+)5(5+5'.C%%#)0*(5K0%0RN)0''5-1%*'%*1%-K0)*)+/516%6-*3%+*1%&0%
-&'+2)0A%&L%(/0%*++2.23*(5-1%-,%-&V0+(5K0'%(-%&0%*+/50K0AC%%E1%'N)516%>??<7%(/0%!-2(/%#*)-351*%
_0N*)(.01(%-,%"A2+*(5-1%*1A%(/0%!-2(/%#*)-351*%$335*1+0%,-)%$)('%"A2+*(5-1%515(5*(0A%*%B)5(516%
N)-V0+(%(-%*AA)0''%(/5'%N)-&30.%&L%.*(+/516%0*+/%-&V0+(5K0%51%(/0!:#;3)!"*'#.+$*!0+4;*.!*$/!
6&'%#'8+$7!2'34!";''+(;.;8!:3*$/*'/4%G>??IH%(-%51'()2+(5-1*3%'()*(0650'%*(%N-(01(5*3%,-)%,-'(0)516%
+)0*(5K5(LC%%@/0%)0'23(516%A-+2.01(%A)*B'%,)-.%K*)50A%(/0-)50'%-,%+)0*(5K5(L%GA0%P-1-7%;n<Iq%
@-))*1+07%;n<Jq%D5+S0)'-17%;nnnq%#'5S'Q01(.5/*3L57%;nnjq%g2++5-%*1A%[-1Qƒ30Q7%>??Jq%!(*)S-7%
>??fH%*1A%N-'(=.-A0)1%N)*+(5+0'%G[2A07%>??JH%(-%'2660'(%*NN)-N)5*(0%(0*+/0)%'()*(0650'%51%0*+/%
-,%(/0%*)('%A5'+5N3510'%*1A%*(%A5,,0)01(%A0K03-N.01(*3%30K03'C%%@/0%)0'23(%5'%*1%-,,5+5*3%A-+2.01(%
)0+-615Q516%(/0%5.N-)(*1+0%-,%+)0*(5K0%0RN)0''5-1%(-%(/0%N)*R5'%-,%*)(%0A2+*(5-1C!
U$::&!N$383+!!N.(:)(8!A)@@<230*!A)%%$9$+!!"??()?(3.0$!"??()?(3.03)2%
$'%*%(0*+/516%*)(5'(7%E%,51A%*NN)-N)5*(5-1%(-%&0%-10%-,%(/0%.-'(%A5,,5+23(%*)0*'%(-%1*K56*(0%B5(/%.L%
,-21A*(5-1\'%'(2A01('C%%!-.0%-,%(/0%/56/%'+/--3'%,00A516%51(-%.L%+-..215(L%+-33060%(0*+/%N2)03L%
/-B%(-%)01A0)%2'516%*1%-N*Y20%N)-V0+(-)C%%:(/0)%/56/%'+/--3'%51%(/0%*)0*%(0*+/%(/*(%A)*B516%,)-.%
*%N/-(-6)*N/%5'%*3B*L'%B)-16C%%P-(/%-,%(/0'0%*)0%-2(%-,%'(0N%B5(/%(/0%+-1(0.N-)*)L%*)(%B-)3AC%%4L%
N*N0)%N)0'01('%*1A%Y20'(5-1'%(/)00%'2NN-'5(5-1'%.-'(%*)(%,*+23(L%.0.&0)'%'/*)0%*&-2(%
*NN)-N)5*(5-1%51%(/0%+3*'')--.%*1A%'2660'('%'-.0%5A0*'%,-)%/-B%(-%1*K56*(0%(/)-26/%(/5'%(0))*51%
B5(/%'(2A01('C%%$AA5(5-1*33L7%E%B-23A%35S0%(-%3--S%*(%A5,,0)01(%B*L'%+2))01(%+-NL)56/(%306*3%'(*1A*)A'%
+-23A%&0%*NN350A%-)%0K01%.-)0%5.N-)(*1(3L7%A5'+2''0A%51%*%+-33060%+3*'')--.C!
U)(8#*$&!A$8.(!B)(=.+!!1234$(530*!):!6$@?735+!!U<($@#$(9&!'<5Q$9$$&!S$23=$!G3$22.%$[%
E1%>??J=>??f%*'%N*)(%-,%*1%*)(B-)S%,-)%*%6*330)L%51%z2p&0+7%E%()*K030A%(-%(/0%"*'(0)1%@-B1'/5N'%
*1A%+*))50A%-2(%*%'0)50'%-,%51(0)K50B'C% :10%-,%(/0'0%51(0)K50B'%B*'%B5(/%#3*2A0%#/*)N01(50)7%*%
N)-,0''-)%-,%N'L+/-3-6L%B/-%(0*+/0'%+-2)'0'%51%(/0%0(/5+'%-,%N'L+/-3-6LC% !/0%51()-A2+0A%.0%(-%
(/0%0(/5+*3%N)-(-+-3%,-33-B0A%&L%'-+5*3%'+501(5'('%*1A%+/*330160A%.0%(-%*AA)0''%/-B%(/0'0%
625A03510'%)03*(0%(-%(/0%N)*+(5+0%-,%*)(C% $)(5'('%/*K0%()*A5(5-1*33L%'001%(/0.'03K0'%*'%0R0.N(%,)-.%
(/0%0(/5+*3%+-1+0)1'%(/*(%.56/(%*NN3L%(-%'+501(5'('C% @/5'%0R0.N(5-1%.56/(%&0%V2'(5,50A%&L%(/0%,*+(%
(/*(%*)(5'('%A-%1-(%+*))L%(/0%.*1(30%-,%N-B0)%*1A%*2(/-)5(L%B-)1%&L%'+501(5'('%*1A%.0A5+*3%
N)-,0''5-1*3'7%&2(%3*)603L%(/5'%Y20'(5-1%/*'%&001%21*AA)0''0A%&L%(/0%*)(5'(5+%+-..215(LC% E1%(/5'%
N)0'01(*(5-1%E%B533%&)50,3L%'2..*)5Q0%(/0%0K-32(5-1%-,%(/0%0(/5+*3%625A03510'%,-)%B-)S%B5(/%/2.*1%
'2&V0+('%2'0A%51%(/0%'+501+0'C% E%B533%(/01%*NN3L%(/0%Y20'(5-1%-,%0(/5+*3%)0'N-1'5&535(L%(-%*)(B-)S'%
&L%'0K0)*3%*)(5'('%51+32A516%P*)&*)*%_0[010K50K0\'%/-.030''%N)-V0+(7%.L%-B1%F2..0)%g)-V0+(%
*1A%'0K0)*3%B-)S'%&L%X)QL'Q(-,%8-A5+Q+-C!
U)((35&!J$#$==.!6+!!P$20!/0.0$!1234$(530*+!!C$=)(.034$!"(0!.28!07$!S$2$03.2!C)@$503=!
/$00329%
@/5'%N*N0)%0R*.510'%9010(5*1%.*(0)5*3%+23(2)0%(/)-26/%(B-%+*C%;Jnf%B-)S'%&L%95((-)0%#*)N*++5-%=!
1;$3+$7!#$!3)&!P*7##$%GZC%g*23%[0((L%42'02.7%W-'%$16030'H%*1A!H>#!0&$&3+*$!P*/+&4%G#-))0)%
42'02.7%9015+0HC%%@/0'0%)0.*)S*&30%N*51(516'%/*K0%*%+-.N30R%/5'(-)LC%%@/0L%B0)0%-1+0%
+-1'5A0)0A%'0N*)*(0%-&V0+('7%&2(%)0+01(%*1*3L'5'%N)-K0'%(/*(%(/0L%,-).%*%'51630%215(%*1A%*)0%
N)-&*&3L%/*3,%-,%*%3*)60)%+-.N-'5(5-17%B/-'0%A0(*53'%*)0%'(533%21S1-B1C%%@/0'0%N*103'%*)0%215Y20%
*'%(/0L%*)0%)*)0%0R(*1(%0R*.N30'%-,%A-.0'(5+%A0+-)*(5-17%,-)%)0+01(%)0'0*)+/%A0.-1'()*(0'%(/*(%
(/0L%N)-&*&3L%B0)0%A0'5610A%*'%B51A-B%'/2((0)'%-)%+2N&-*)A%A--)'C%%$'%5332'()*(5-1'%-,
+-1(0.N-)*)L%305'2)0%*+(5K5(50'7%(/0'0%B-)S'%A0N5+(%,5103L%A)0''0A%9010(5*1%B-.01%2N-1%*%(0))*+0%
*1A%.01%*(%305'2)0%*(%(/0%/21(7%&2(%.-)0%'5615,5+*1(3L7%(/0'0%N*51(516'%*)0%'2N0)&%0R*.N30'%-,%
9010(5*1%51(0)0'(%51%A0+-)*(516%51(0)5-)%'0((516'%B5(/%*3306-)5+*3%(/0.0'%(/*(%+-))0'N-1A%(-%(/0%
51'()2+(5-1%-,%+23(2)*3%.-)0'%51%A*53L%35,0C%%E1%'/-)(7%51%(/5'%0''*L7%E%0RN3-)0%(/0%)-30%-,%A0+-)*(5K0%*)(%
*'%*1%*0'(/0(5+7%+23(2)*3%)0+-)A7%*1A%.-A0%-,%'-+5*3%51'()2+(5-1%B5(/51%(/0%A-.0'(5+%'0((516!
U)(07=<00&!J)8+!!"(0!,25030<0$!):!A73=.9)p!J)=7$50$(!,25030<0$!):!'$=72)%)9*+! 6.Q329!.28!
H.Q329R!C3503%%.03)2!):!07$!A(.:0$8!6.(Q%
"K0)L%*)(5'(%*1A%+)*,('N0)'-1%/*'%'001%5(c%(/0%.*)S%-,%(/05)%+)*,(%G&)2'/%'()-S0'7%+*)K0A%6-260'7%
/*..0)%&3-B'%-1%T,-)60AU%+*&510(%/*)AB*)0H%-1%.*''=N)-A2+0A%51A2'()5*3%N)-A2+('C%%$)62*&3L7%
'2+/%.*)S'%+-.N)5'0%*%'0(%-,%K5'2*3%+-A0'%(/*(%*)0%)0*A%-1%&-(/%(/0%+-1'+5-2'%*1A%'2&=%
+-1'+5-2'%30K03'C%%4L%N*N0)%5A01(5,50'%*1A%51K0'(56*(0'%(/0'0%+-A0'%51%'030+(%0R*.N30'%-,%
+-1(0.N-)*)L%N)-A2+(5-1q%(/01%5(%/56/356/('%'-.0%-,%(/0%*(()*+(5K0%*(()5&2(0'%(/*(%30*A%(-%51+)0*'0A%
+-1'2.N(5-1%*1A%(/0)0,-)0%&0+-.0%T*AA*&30U%K*320'%51%(/0%51A2'()5*3%'0+(-)C%
8/01%*1*3LQ516%+-1'2.0)'\%A0+-A516%-,%(/0'0%.*)S'%-1%(/0%'2&+-1'+5-2'%30K03%GB/0)0%.*)S'%
3-'0%(/05)%)0,0)01+0%(-%+)*,(H7%E%+-1'5A0)%B/0(/0)%(/0%3*+S%-,%(*165&30%)0,0)01+0%+)0*(0'%'5.23*+)*7%
-)%0'(*&35'/0'%*%A0,51*&30%G'L1(/0(5+H%'(L30%51%B/5+/%(/0%.*S516=&*'0A%)0,0)01+0%&0+-.0'%
N)5.*)53L%A0+-)*(5K0C%%M51*33L7%E%N)-N-'0%B*L'%51%B/5+/%(/5'%51,-).*(5-1%+*1%&0%2'0,23%&0L-1A%(/0%
.0)03L%*+*A0.5+%A-.*517%(-%N)-K5A0%*%&)-*A0)%*NN)0+5*(5-1%-,%(/0%B-)S%B0%+)0*(0%,-)%(/0%
+-1'2.516%N2&35+%B/0)0%5(%5'%.-'(%100A0AC%%E%*3'-%0RN3-)0%(/0%)0*'-1'%B/L%*)(a+)*,(%.*)S'%*)0%'-%
*(()*+(5K07%*1A%(/0%N-''5&535(L%-,%B/*(%/*'%&001%+*330A%'L.N*(/0(5+%K5)(2-'5(L%-)%K5+*)5-2'%+)*,(C!
U*9($2&!G.(2.#*+! B)*)%.!A)%%$9$!32!6.(*%.28+! 6$0.?7)(3=.%!63(()(329!32!H3%3??)!B3??3M5!
"0'F0%5'#!A$)0'/#&H&!.28!H(.!"29$%3=)M5!801!30'H5!A$)0'/#&H&%
:,%(/0%(/)00%.*V-)%.0(*N/-)'%G.5))-)7%B51A-B7%N*10%-,%63*''H%,-)%N0)'N0+(5K*3%N*51(516'%51%0*)3L%
^01*5''*1+0%E(*3L7%(/0%.0(*N/-)%-,%(/0%.5))-)%5'%N)-&*&3L%(/0%30*'(%'(2A50AC% O0(%(/0%,5)'(%
N0)'N0+(5K*3%N*51(5167%P)210330'+/5v'!U*E3+43&'57%51K-3K0A%*%.5))-)%*1A%(/0%2'0%-,%*%.5))-)%B*'%
-,(01%N)0'+)5&0A%*'%.0*1'%-,%+/0+S516%N0)'N0+(5K*3%*++2)*+LC%@/2'7%5(%5'%1-(%'2)N)5'516%(/*(%
+0)(*51%*)(5'('%(/-26/(%-,%(/05)%N*51(516'%*'%.5))-)'C% @/5'%5A0*%,51A'%0RN)0''5-1%51%(B-%51(0))03*(0A%
N*51(516'c%M535NN-%W5NN5v'!U*'O*/#'+!2.3*'E+&(&%*1A%M)*%$16035+-v'!:*$!<*'(#!2.3*'E+&(&C% E1%&-(/%
+*'0'%(/0%*)(5'('%*))*160%(/05)%'*+)0A%,562)0'%(-%.5))-)%(/0%*)+/5(0+(2)0%-,%*%+/*N03%*1A%(/0%
-)6*15Q*(5-1%-,%(/0%4*''C% F-B0K0)7%(/0'0%(B-%B-)S'%*NN0*3%(-%A5,,0)01(%21A0)'(*1A516'%-,%(/0%
.5))-)C% $16035+-%0K-S0'%(/0%1-(5-1%-,%*1%0R0.N3*)L%.5))-)7%B/530%W5NN5%+-1'()2+('%*%.-)0%
1*(2)*35'(5+%N*)*3303%&0(B001%N*51(516%*1A%B-)3AC% 4-)0-K0)7%(/0%A5,,0)01+0%51%.5))-)516%0K5A01+0A%
51%(/0'0%(B-%B-)S'%'2660'('%A5,,0)516%)03*(5-1'/5N'%&0(B001%(/0%K50B0)%*1A%(/0%'*+)0Aq%(/0'0%
)03*(5-1'/5N'%+*1%&0%0RN3-)0A%2'516%W*+*1\'%+-1+0N(%-,%(/0%.5))-)%'(*60C% 8/530%$16035+-\'%5.*60%
0'(*&35'/0'%*%'L.&-35+%&)0*S%&0(B001%K50B0)%*1A%)0N)0'01(*(5-17%W5NN5\'%N*51(516%*5.'%*(%*%30''%
.0A5*(0A%*NN)-*+/%(-%(/0%A5K510%*1A%*1%0.&)*+516%-,%(/0%N)0='L.&-35+%'(*(0C!
K=7&!6.(^)(3$+!!1234$(530*!):!6.(*!L.573290)2+!!" L3Q3&!.!G%)9&!.28!.2!K2%32$!;D73#30!32!.2!
"(0!N350)(*!/$@32.(%
:10%)0*'-1%(-%30*)1%10B%(0+/1-3-650'%5'%(/0%-&K5-2'%l%-2)%'(2A01('%*3)0*AL%S1-B%(/0.C%%P2(%A-%
(/0L%S1-B%/-B%(-%2'0%(/0.%51(0335601(3L`%%$)0%(/0L%N)0N*)0A%(-%(*S0%B/*(%(/0L%S1-B%*&-2(%
M*+0&--S%*1A%4L'N*+0%*1A%2'0%(/0'0%'S533'%-1%(/0%V-&`%%E1A00A7%*.%E%B533516%(-%*A.5(%(-%
*A.515'()*(-)'7%N*)01('7%*1A%,5)'(=L0*)%'(2A01('%(/*(%E%S1-B%1-(/516%*&-2(%10B%(0+/1-3-650'`%
8/01%(/0%-NN-)(215(L%*)-'0%*(%(/0%]15K0)'5(L%-,%4*)L%8*'/516(-1%(-%*NN3L%,-)%*%@0+/1-3-6L%
M033-B'/5Ns(/0%&3-660)%51%.0%G*%N0)'-1%E%/*A%10K0)%.0(H%V2.N0A%-2(%*1A%*NN350AC%%:K0)%(/0%
+-2)'0%-,%(/0%,*33%'0.0'(0)%E%30*)10A%*&-2(%B5S5'7%&3-6'7%M35+S)%*++-21('7%*1A%0K0)L(/516%03'0%.-'(%
-,%.L%'(2A01('%*3)0*AL%2'07%*1A%A0K03-N0A%*%'0.51*)%-1%(/0%+5(L%-,%9015+0%(/*(%51+-)N-)*(0'
,*.535*)%G(-%'(2A01('H%(0+/1-3-650'C%%:2)%6-*3%B*'%*1%-13510%0R/5&5(%-1%9015+0q%.L%6-*3'%B0)0%
.-)0%K*)50AC%%F-B%.56/(%B5S5'%*1A%&3-6'%-,,0)%B)5(516%-NN-)(215(50'%(/*(%B-23A%*33-B%'(2A01('%(-%
)0,30+(%-1%+-2)'0%+-1(01(7%A0K03-N%*%'01'0%-,%&03-16516%(-%*%+-..215(L%-,%'+/-3*)'7%*1A%N)-A2+0%
*%N)-A2+(%(/0L%+-23A%51+32A0%-1%(/05)%)0'2.0'%*'%*%N)-,0''5-1*3%0RN0)501+0`%%4-)0-K0)7%/-B%
+-23A%E%+-110+(%(/0'0%-13510%0RN0)501+0'%(-%B/*(%B0%B0)0%A-516%51%(/0%+3*'')--.`%%4L%
+-1()5&2(5-1%(-%(/0%'0''5-1%B533%51+32A0%*1%-K0)K50B%-,%B/*(%E%A5A%51%(/0%'0.51*)7%*1%0K*32*(5-1%-,%
B/*(%B-)S0A7%*1A%5A0*'%*&-2(%/-B%E%B533%*NN)-*+/%(/0%.*(0)5*3%51%(/0%,2(2)0C%%@/0%B5S57%&3-67%*1A%
-13510%0R/5&5(%,)-.%(/0%9015+0%'0.51*)%B533%&0%+)5(5+*3%030.01('%-,%.L%N)0'01(*(5-1C!
KMC.*&!P.($2+!!1234$(530*!):!L35=)2532I;.<!A%.3($+!!"23@.%5!-307!15R!!;D.@?%$5!:()@!.2!
,2839$2)<5!"@$(3=.2!"(0!'(.8303)2%
E%N)-N-'0%(-%A5'+2''%(/0%Q--.-)N/5+%'2&V0+(%.*((0)%-,%-10%51A5601-2'%$.0)5+*1%*)(%()*A5(5-1%(/*(%
5'%*''-+5*(0A%B5(/%(/0%#/5&+/*1='N0*S516%N0-N30'%-,%#01()*3%$.0)5+*%*1A%#-3-.&5*C%%4L%*1*3L'5'%
51+32A0'%B-)S'%+)0*(0A%N)5.*)53L%51%(/0%*1+501(%N0)5-A%51%+3*L7%'(-107%*1A%6-3A%*33-LC%@/0)0%5'%*%
/5'(-)L%-,%)0'0*)+/%*&-2(%(/0%'L.&-35'.%-,%(/0%*15.*3'7%*1A7%.-)0%)0+01(3L7%(/0%'5615,5+*1+0%-,%
/2.*1=*15.*3%+-.N-'5(0%5.*60)L%*'%*%'2&K0)'5-1%-,%B0'(0)1%A5'(51+(5-1'%&0(B001%N0-N30%*1A%
*15.*3'%B*'%N2&35'/0AC%8/*(%51(0)0'('%.07%/-B0K0)7%5'%5.*60)L%51%(/5'%*)(%()*A5(5-1%0RN)0''516%*%
A5,,0)01(%,0*(2)0%-,%(/0%)03*(5-1'/5N%&0(B001%/2.*1'%*1A%1-1=/2.*1%*15.*3'C%%E%*.%)0,0))516%(-%
(/0%5.*60'%-,%*15.*3'%()*1'N-)(516%/2.*1%&0516'C%%P-(/%(/0%S51A'%-,%*15.*3'%*1A%(/0%
+-.N-'5(5-1'%A0N5+(%*15.*3'%.-K516%B/530%/-3A516%-10%N0)'-17%-,(01%51%(/05)%&0*S'%-)%.-2(/'C%%E%
&0350K0%(/0'0%)0N)0'01(*(5-1'%*)0%2'0,23%51%*%&)-*A%A5'+2''5-1%-,%*15.*3'%51%*)(%&0+*2'0%(/0L%
'/-B%*15.*3'%+-1()-33516%/2.*1%&0516'%*1A%N-''5&3L%51A5+*(0%*%'01'0%-,%)0'N-1'5&535(L%,-)%(/0.C%
4L%N*N0)%B533%A5'+2''%-10%*'N0+(%-,%(/0%#/5&+/*1%K5'2*3%()*A5(5-1%(/*(%'2NN-)('%A5,,0)01+0%
&0(B001%(/0%(B-%6)-2N'%&L%+-..215+*(516%/2.*1%K2310)*&535(L%*1A%A0N01A01+LC!
K%@50$8&!F$223:$(+! L.*2$!/0.0$!1234$(530*+! L7$2!35!.!N)(5$!^<50!.!N)(5$[!H($2=7!"(03505!
.28!"(.#!N)(5$5&!YtllIYtgl%
E,%(/0%&-21A*)L%&0(B001%/2.*1%*1A%*15.*3%/*'%3-16%&001%*%A00N3L%,)*26/(%*1A%-,(01%A5K5'5K0%
Y20'(5-17%+0)(*51%+)0*(2)0'%/*K0%(0'(0A%(/0%35.5('%-,%(/0%A5K5'5-1%&0(B001%'N0+50'%&L%K5)(20%-,%(/05)%
T/2.*1U%Y2*35(50'%G&)*K0)L7%3-L*3(L7%*1A%0.N*(/L7%(-%1*.0%*%,0BHC% _2)516%(/0%1510(001(/%+01(2)L7%
/-)'0'%-++2N50A%(/5'%N)5K53060A%35.51*3%N-'5(5-1%51%(/0%M)01+/%5.*651*(5-1C% E1%M)*1+07%1-%'(00A%
B*'%.-)0%/56/3L%N)5Q0A%(/*1%(/0%10B3L%*K*53*&30%$)*&%/-)'07%*%+)0*(2)0%(/*(%B*'%5A0*35Q0A%&-(/%
,-)%5('%N2)5(L%-,%&3--A%*1A%5('%1-&535(L%-,%+/*)*+(0)C% 42+/%-,%(/0%+)0A5(%,-)%(/0'0%'2N0)5-)%()*5('%B*'%
65K01%(-%(/0%$)*&%.01%B/-%&)0A%*1A%)*5'0A%(/0%&0*'('C%E1A00A7%$)*&%.01%B0)0%(/-26/(%(-%'/*)0%
*1%51(01'0%0.-(5-1*3%&-1A%B5(/%(/05)%'(00A'7%(/*1S'%51%N*)(%(-%(/0%/-)'0'\%0.N*(/0(5+%65,('C% P2(%5,%
(/0%M)01+/%/2.*15Q0A%$)*&%/-)'0'7%(/0L%-,(01%*15.*35Q0A%(/0%+)0*(2)0'\%/2.*1%+-.N*()5-('C%
@/5'%N*N0)%51K0'(56*(0'%(/0%5.N35+*(5-1'%-,%(/5'%&32))516%-,%'N0+50'%&-21A*)50'%51%*%6)-2N%-,%
M)01+/%N*51(516'%,)-.%;r??%(-%;rJ?7%B5(/%'N0+5*3%0.N/*'5'%-1%"26~10%_03*+)-5R\'%N*51(516'%-,%
4-)-++*1%/-)'0.01C!
K%5)2&!S3#$Q$+!!1234$(530*!):!U)(07!A.()%32.!.0!L3%@3290)2+!!Z/[email protected]*!0$.(5!.28!-.5!
0.Q$2!-307!43)%$20!5)##3295ZR! J$I$D.@32329!07$!,=)2)9(.?7*!):!N)%*!'$.(5!32!B.0$!
6$83$4.%!>.320329%
[)50,7%'-))-B7%.03*1+/-3L7%*1A%'*A10''%*)0%*33%(0).'%2'0A%(-%A0'+)5&0%(/0%0.-(5-1*3%51(01'5(L%-,%
3*(0)%.0A50K*3%A0K-(5-1*3%*)(%B/5+/%5'%-,(01%+01(0)0A%-1%5.*60'%-,%(/0%B00N516%95)651%4*)LC%%@/0%
+/*16516%(5A0%-,%A0K-(5-1*3%N)*+(5+0%(-B*)A%*%N0)'-1*35Q0A%0RN0)501+0%-,%N50(L%51%(/0%3*(0)%.5AA30%
*60'%+*330A%,-)%*%10B7%K5'2*33L%+/*)60A%5.*60%(-%&0%*''-+5*(0A%B5(/%5(C%%@/0'0%10B%5.*60'%'0(%*%
.-A03%,-)%N5-2'%B-.01%(-%,-33-BC%%#-1(0.N-)*)L%B)5(516'%&L%B-.017%'2+/%*'%!(C%P)5A60(%-,%
!B0A01\'%6)*N/5+%0.N/*'5'%-1%#/)5'(\'%'2,,0)5167%*1A%(/0%,5,(001(/=+01(2)L%N536)5.*60%*++-21(%&L%
4*)60)L%X0.N07%)051,-)+0%(/5'%5A0*%(/)-26/%12.0)-2'%)0,0)01+0'%(-%B00N516%*1A%B*53516%-1%(/0
N*)(%-,%(/0%*2(/-)'C%%@/0%B)5(516'%*1A%5.*60'%(01A%(-%+-51+5A0%/5'(-)5+*33L7%51A5+*(516%*%215K0)'*3%
51(0)0'(%51%(/0%'-=+*330A%T65,(%-,%(0*)'UC%%^03565-2'%5.*60'%&0+-.0%51(0)*+(5K0q%(/0L%*)0%6)*1A%
1*))*(5K0'%B/5+/%)0Y25)0%*%)0'N-1'07%*1A%(/5'%5'%*+/50K0A%'-303L%(/)-26/%N3*L516%-1%(/0%0.-(5-1'%
-,%(/0%'N0+(*(-)%K5*%(0*)'C%
@/5'%N*N0)%B533%0R*.510%(/0'0%K5'2*3%.-A03'%-,%0.-(5-1*33L%+/*)60A%6)50,%51%(/0%+-1(0R(%-,%
B-.01\'%B)5(516'%51%(/0%3*(0)%45AA30%$60'7%*1A%(/0%10B%0.N/*'5'%-1%N0)'-1*3%N50(L%B/5+/%
)0Y25)0A%*%N'L+/-3-65+*3%*1A%N/L'5+*3%)0*+(5-1%(-%(/0%5.*60%-1%(/0%N*)(%-,%(/0%'N0+(*(-)C!
K%5E$-5Q3&!A7(350)?7$(+!!F.=Q5)2!/0.0$!1234$(530*+!!,283438<.%30*!32!.!6<%03=<%0<(.%!L)(%8%
@/5'%N)0'01(*(5-1%51+32A0'%5.*60'%-,%.L%)0+01(%B-)S%*1A%'-.0%(/-26/('%*&-2(%*AV2'(516%(-%
*+*A0.5*%*1A%Z*+S'-1%!(*(0%]15K0)'5(LC!
K0$*&!"50(38+!!63.@3!1234$(530*+!!A)%%.#)(.034$!C"6/!?()^$=0!.0!63.@3!1234$(530*+%
#-33*&-)*(5-1%&0(B001%215('%*(%*1%51'(5(2(5-1%+*1%&0%K0)L%&010,5+5*3%,-)%(/0%0,,5+501(%*1A%0,,0+(5K0%
5.N30.01(*(5-1%-,%*%A565(*3%*''0(%.*1*60.01(%'L'(0.%G_$4!HC%%$(%45*.5%]15K0)'5(L%51%:R,-)A7%
:/5-7%(/)00%*+*A0.5+%01(5(50'==(/0%95'2*3%^0'-2)+0'%#-330+(5-1%51%(/0%!+/--3%-,%M510%$)('7%
E1,-).*(5-1%@0+/1-3-6L%!0)K5+0'7%*1A%(/0%]15K0)'5(L%W5&)*)50'==+-1()5&2(0A%(/05)%215Y20%'()016(/'%
(-%*%N)-V0+(%(-%51'(*33!2.8*7&437%*%_$4!%(/*(%+*1%'0)K0%(/0%A565(*3%.0A5*%100A'%-,%(/0%01(5)0%
45*.5%]15K0)'5(L%+-..215(LC%%85(/%(/0%0RN0)(5'0%51%A565(*3%.0A5*7%K5'2*3%)0'-2)+0'7%*1A%'N0+5,5+%
'2&V0+(%*)0*'%,)-.%(/0%!+/--3%-,%M510%$)('q%(/0%(0+/15+*3%S1-B30A607%N)-6)*..516%N)-,5+501+L7%
*1A%51,)*'()2+(2)0%*K*53*&30%(/)-26/%E1,-).*(5-1%@0+/1-3-6L%!0)K5+0'q%*1A%(/0%51K0'(.01(%51%
'+*11516%0Y25N.01(%,)-.%(/0%W5&)*)50'7%0*+/%215(%N)-K5A0A%(/0%)0Y25'5(0%+-.N-101('%(-%&)516%-2)%
N)-V0+(%(-%,)25(5-1C%%E%B533%A5'+2''%(/0%N)-V0+(7%0*+/%+-1()5&2(-)\'%)-307%*1A%'-.0%-,%(/0%'2++0''0'%
*1A%+/*330160'%(/*(%B0)0%01+-21(0)0AC!
>.%@&!U.2=*+!,283.2.!1234$(530*+!!U.034$!J))05!32!07$!U.03)2.%!B.285=.?$R!!'7)@.5!A)%$M5!
,283.2!,=)2)9(.?7*!.28!07$!A)250(<=03)2!):!"@$(3=.2!,8$2030*%
@/5'%N*N0)%0RN3-)0'%(/0%)03*(5-1'/5N%&0(B001%E1A5*1%,562)0'%51%@/-.*'%#-30\'%F2A'-1%^5K0)%
!+/--3%3*1A'+*N0%N*51(516'%*1A%(/0%N0)N0(2*(5-1%-,%*%/060.-15+%1*(5-1*3%5A01(5(L%51%1510(001(/=%
+01(2)L%$.0)5+*C%%#-30\'%E1A5*1'%*)0%51A5+*(5K0%-,%1510(001(/=+01(2)L%K5'2*3%+23(2)0%51%B/5+/%
D*(5K0%$.0)5+*1'%B0)0%*NN)-N)5*(0A%*'%1*(5-1*35'(5+%'L.&-3'7%&-(/%+01()*3%(-%*1A%N-35(5+*33L%
)0.-K0A%,)-.%K5'5-1'%-,%]C!C%1*(5-1*35'.C%%85(/51%(/0%+-1'()2+(5-1%-,%(/0%1*(5-1%*'%*%/-.-601-2'%
5.*607%D*(5K0%$.0)5+*1'%/*A%(-%&0%A0150Aq%L0(%(/05)%51A5601-2'%)--('%B0)0%+01()*3%(-%(/0%
+-1+0N(5-1%-,%*1%5.*6510A%/5'(-)5+*3%N*'(C%
#-30\'%.*)651*35Q0A%E1A5*1%,562)0'%*)0%(LN5+*33L%)0A2+0A%(-%*%'L.&-35+%N)0'01+0%51%(/0%B53A0)10''C%
95'2*33L%*&'-)&0A%&L%(/0%'2))-21A516%01K5)-1.01(7%L0(%K5'5&3L%5A01(5,5*&30%*'%*%+-..-1%.-(5,%-,%
1*(5-1%&253A5167%#-30\'%E1A5*1'%5332'()*(0%(/0%/5'(-)5+%(01A01+L%-,%"2)-=$.0)5+*1'%(-%+-1'()2+(%*1A%
*NN)-N)5*(0%(/0%5A01(5(L%-,%D*(5K0%$.0)5+*1'%*1A%(/0%"2)-=$.0)5+*1%()*A5(5-1%(-%&-(/%5A01(5,L%*1A%
A5'*K-B%D*(5K0%$.0)5+*1%N)0'01+0%-1%(/0%D-)(/%$.0)5+*1%+-1(5101(C%%@/0%.L(/%-,%*1%0.N(L%
+-1(5101(%B*'%+)2+5*3%(-%(/0%5A0-3-6L%-,%4*15,0'(%_0'(51L7%B/530%D*(5K0%$.0)5+*1%/5'(-)L%-,,0)0A%
(/0%,003516%-,%A00N%1*(5-1*3%)--('7%*1A%E%*)620%(/*(%(/0%N)0'01+0%-,%E1A5*1%,562)0'%51%#-30\'%
1*(5-1*3%3*1A'+*N0'%5332'()*(0'%(/5'%/5'(-)5+*33L%*.&562-2'%)-30%-,%D*(5K0%$.0)5+*1'%51%$.0)5+*1%
/5'(-)LC
>$(5329$(&!A328*+!!1234$(530*!):!>3005#<(97+!!6$.0!,5!6<(8$(R!\$)(9$!\()5E!.28!07$!6)8$(2!
A30*%
E1%(/5'%N*N0)%E%0RN3-)0%(/0%)03*(5-1'/5N%&0(B001%T.*1U%*1A%1*(2)0%*'%5(%5'%.*15,0'(%51%'0K0)*3%
5.*60'%-,%'0R2*3%*1A%*15.*3%-NN)0''5-1%51%(/0%B-)S%-,%[0-)60%[)-'Q%A2)516%(/0%;n>?'%51%
[0).*1LC% 8/530%(/0%'+/-3*)3L%'5301+0%(/*(%3-16%'2))-21A0A%(/0%'2&V0+(5K5(L%-,%K5+(5.5Q0A%B-.01%
51%(/0%B-)S%-,%[)-'Q%/*'%&001%&)-S01%-K0)%(/0%+-2)'0%-,%(/0%3*'(%A0+*A07%(/0%.0*1516%-,%N*)*3303%
)0N)0'01(*(5-1'%-,%K5+(5.5Q0A%*15.*3'%51%/5'%B-)S%/*'%)0.*510A%210RN3-)0AC% PL%3--S516%*(%'0K0)*3%
A)*B516'%&L%[)-'Q7%E%0RN3-)0%(/0%+-110+(5-1'%&0(B001%.-A0)17%N*()5*)+/*3%'-+50(L%*1A%(/0%
0RN3-5(*(5-1%-,%&-(/%B-.01%*1A%*15.*3'C% @/0%51(0)+/*160*&535(L%-,%B-.01%*1A%.0*(%*'%'L.&-3'%
51%[)-'Q\'%B-)S%+)0*(0'%*%K5'2*3%.0(*N/-)%(/*(%5'%51(5.*(03L%351S0A%(-%'-+50(*3%*((5(2A0'%(-B*)A%
&-(/%B-.01%*1A%*15.*3'%51%805.*)%'-+50(LC% F0)07%(/0%/2.*1%5'%A0'561*(0A%.*30%*1A%K5-301+0%
*6*51'(%1*(2)0%5'%(/0%.*1\'%A-.*51C!
>)7%.8&!6.(Q!G+!!C$>.<%!1234$(530*+!!>7)0)9(.?75!):!G%30E$8!A7<(=7$5R!,=)2)9(.?7*!.28!
A)20$D0%
"K0)L%B*)%/*'%&001%N/-(-6)*N/0A%A5,,0)01(3LC%%8/*(%+-23A%&0%N/-(-6)*N/0A%*1A%/-B%B*'%
A0(0).510A%&L%(/0%*K*53*&30%(0+/1-3-6L7%N5+(-)5*3%+-1K01(5-1'%*1A%+23(2)*3%-2(3--S%-,%(/0%.-.01(C%
@/5'%N*N0)%0R*.510'%(/0%B0*3(/%-,%B*)=(5.0%N/-(-6)*N/'%-,%P35(Q=A*.*60A%+/2)+/0'%N2&35'/0A%51%
(/0%P)5(5'/%N)0''C%%8/0)0%A5A%'2+/%5.*60'%*NN0*)7%*1A%(-%B/*(%2'0%B0)0%(/0L%N2(`%%$1A%/-B%B0)0%
(/0L%)0+05K0A`%%P0L-1A%Y20'(5-1'%'2+/%*'%(/0'07%5(%B533%&0%'/-B1%(/*(%(/5'%+-)N2'%/*A%5('%-B1%
N5+(-)5*3%+-1K01(5-1'%*'%0RN)0''0A%51%+-1'5'(01(%N-51('%-,%K50B7%(/0%2'0%-,%N)-N'7%*1A%,*K-)0A%
+-.N-'5(5-1'C%
Z-2)1*35'(5+%*1A%A-+2.01(*)L%N/-(-6)*N/L%5'%()0*(0A%/0)07%*'%B033%*'%(/0%.-)0%*)(5'(5+%5.*60'%-,%
(/0%A*1AL=(2)10A=B*)=N/-(-6)*N/0)7%#0+53%P0*(-1%G;n?J=r?HC%%4*1L%-,%(/0%+/2)+/0'%21A0)%
0R*.51*(5-1%*)0%(/-'0%&253(%51%W-1A-1%&L%!5)%#/)5'(-N/0)%8)01%G;jI>=;<>IHC%%g/-(-6)*N/'%-,%
8)01\'%!(C%g*23\'%+-.N)5'0%*1%51()562516%'2&=601)07%*1A%-10%(/*(%+*.0%(-%'L.&-35Q0%(/0%'()26630%
-,%(/0%1*(5-1%*(%B*)C%%:(/0)%.0.-)*&30%5.*60'%51+32A0%*1%*0)5*3%K50B%-,%*%30K030A%#-K01()L%
#*(/0A)*37%N5+(2)0'%-,%)*1A-.3L%A0'()-L0A%'0+(5-1'%-,%D0-+3*''5+*3%+)0'+01('7%*1A%A*.*60%A-10%
(-%K010)*&30%+/2)+/%A0+-)*(5-1'C%
80%B533%'00%(/*(%P35(Q%)251'%0R0)(0A%*%B05)A%,*'+51*(5-1%,-)%'-.0%-&'0)K0)'C%%@/0%10B%A0K*'(*(5-1%
0R5'(0A%*3-16'5A0%-,%-(/0)%.-)0%*1+501(%)251'7%-10'%(/*(%/*A%3-16%&001%N*)(%-,%*%1*(5-1*35'(5+%
*0'(/0(5+%'01'5&535(LC%%%%M51*33L7%(/5'%N*N0)%*AA)0''0'%*%+-1(0.N-)*)L%0,,-)(%&L%*%/*1A,23%-,%W-1A-1%
35(0)*(5%G51+32A516%@C!C%"35-(H7%B/-%3-&&50A%(-%'*K0%'-.0%-,%(/0'0%)2510A%+/2)+/0'%*'%N0).*101(%
-N01=*5)%B*)%.0.-)5*3'C!
>)(0$(&!A.()%*2+!!S3(9323.!A)@@)2-$.%07!1234$(530*+! C.20$!\.#(3$%!J)55$003&!"$507$03=35@&!
.28!/*2.$507$53.%
@/5'%N*N0)%B533%*)620%(/*(%^-''0((\'%N*51(516'%-,%B-.01%35'(01516%(-%*1A%N3*L516%.2'5+%+-1()5&2(0A%
(-%(/0%*K*1(=6*)A0%.-K0.01(%-,%"1635'/%$0'(/0(5+5'.%(/)-26/%/5'%2'0%-,%'L1*0'(/0'5*C%%^0+01(%
'(2A50'%/*K0%+-..01(0A%2N-1%(/0%0K-+*(5-1%-,%.2'5+%51%B-)S'%'2+/%*'!H)&!U.;&!U#>&'%G;rjfH7%
&2(%1-%-10%/*'%L0(%,233L%0RN3-)0A%(/5'%Y2*35(L%-,%^-''0((5\'%B-)S%*'%0RN)0''3L%.-A0)1C%%]'516%
^-''0((5\'%+-))0'N-1A01+07%/5'%N-0()L7%(/0%*)(%+)5(5+5'.%-,%8*3(0)%g*(0)%*1A%$360)1-1%#/*)30'%
!B51&2)107%*1A%A)*B516%,)-.%(/0%/5'(-)L%-,%.2'5+7%(/5'%N*N0)%B533%-,,0)%*%10B%B*L%-,%
21A0)'(*1A516%(/0%5.N-)(*1+0%-,%.2'5+%51%$0'(/0(5+%N*51(516C%%@/0%$0'(/0(5+%N/53-'-N/L%-,%T*)(%,-)%
*)(\'%'*S0U%0.N/*'5Q0A%'01'-)5*3%*1A%'01'2-2'%0RN0)501+0%51%(/0%K50B516%-,%*)(C%%$)(%+)5(5+5'.%-,%
(/0%N0)5-A%N)*5'0A%K5'2*3%*)(%(/*(%*+/50K0A%(/0%1-1=1*))*(5K0%&0*2(L%-,%.2'5+C%%^-''0((5\'%5.*60'%
-,%B-.01%35'(01516%(-%-)%N3*L516%.2'5+%B0)0%+-1'()2+(0A%(-%N)-A2+0%*%'L1*0'(/0(5+%K50B516%
0RN0)501+0C%%@/5'%'L1*0'(/0(5+%0RN0)501+0m-10%(/*(%2'0A%'01'2-2'%5.*60'%(-%0K-S0%(/0
Y2*35(50'%-,%.2'5+m5'%-10%-,%(/0%A0,51516%+/*)*+(0)5'(5+'%-,%^-''0((5\'%B-)S%*1A%*K*1(=6*)A0%
"1635'/%$0'(/0(5+5'.C!
>(30=7$00&!A7.28%$(+!!1234$(530*!):!6$@?735+!!"??%*329!>3?$(M5!6.0(3D%
E1%(/0%&--S!"#$F&'4*3+#$!6+&(&4,! "#88;$+35!b!"#88;$+(*3+#$!+$!<#/&'$!2'37%[)*1(%X0'(0)%
A0'+)5&0'%$A)5*110%g5N0)v'%.0(/-A%-,%.*NN516%-2(%(/0%B*L'%51%B/5+/%*)(%+*1%+-..215+*(0C%
"''01(5*33L7%(/0%b.*Nb%+)0*(0A%&L%g5N0)%()*+S'%(/0%*)(5'(v'%0RN0)501+0%-,%'03,=3-''%-)%'03,=*&'-)N(5-1%
*3-16%-10%*R5'%*1A%(/01%()*+S'%(/0%A06)*A*(5-1%-)%5A0*35Q*(5-1%-,%(/0%'2&V0+(%*3-16%*%'0+-1A%*R5'C%
8/530%5(%A-0'%1-(%'-3K0%*1L%0(/5+*3%Y2*1A*)50'7%(/5'%.*N%*33-B'%*1%*)(5'(%(-%K5'2*35Q0%(/0%B*L'%51%
B/5+/%*%'2&V0+(%5'%&0516%.*15N23*(0AC% ^0+-615Q516%(/5'%.*15N23*(5-1%5'%(/0%,5)'(%'(0N%,-)%*1L%*)(5'(%
B/-%'00S'%(-%-)6*15Q0%)230'%-,%+-1A2+(%-)%.-)*35(L%,-)%*%10B%N)-V0+(%-)%B/-%'00S'%(-%21A0)'(*1A%
'L'(0.'%-)6*15Q0A%&L%N)0A0+0''-)'%51%*%B-)3A%-,%51(0)*+(5K0%*)(C!
>*0%325Q3&!C$.22$+!!6$0()?)%30.2!/0.0$!A)%%$9$!):!C$24$(+!!S38$)!.28!/)<28!"(0!.28!'7$3(!
/7.($8!K(39325!32!6323@.%350!6<53=+%
M-33-B516%51%(/0%'(0N'%-,%*%)0+01(%E#$%0R/5&5(5-1%+*330A%b8/*(%#-3-)%_-0'%*%!-21A%4*S07b%(/5'%
N*N0)%B-23A%()*+0%+-110+(5-1'%&0(B001%'-21A%*)(%*1A%K5A0-%*)(7%&2(%.-)0%'N0+5,5+*33L%(/)-26/%
(/05)%'/*)0A%)0'N-1'0'%(-%.515.*35'(%.2'5+%-,%(/0%;nj?'C% @/0)0%*)0%12.0)-2'%+-110+(5-1'%
&0(B001%0RN0)5.01(*3%.2'5+%-,%K5A0-v'%N5-100)516%L0*)'%,)-.%(/0%.5A=;nj?'%(/)-26/%(/0%.5A=%
;n<?'7%N0)/*N'%.-'(%1-(-)5-2'3L%D*.%Z210%g*5Sv'%#*60*1%*1A%M32R2'=51,301+0A%bN)0N*)0A%
(030K5'5-1'b%B/5+/%/0%+-.N*)0A%(-%bN/L'5+*3%.2'5+b%*1A%/5'%N*)(5+5N*(5-1%51%M32R2'%,0'(5K*3'C%
$1%51K0'(56*(5-1%51(-%(/0%N/L'5+*35(L%-,%'-21A%B*'%,21A*.01(*3%(-%(/0%0*)3L%B-)S%&L%[*)L%F5337%
B/0)0%(/0%*)(5'(%-,(01%2'0A%K5A0-%*'%*%B*L%(-%.*S0%K5'5&30%(/0%N/L'5+*3%N)-N0)(50'%-,%'-21A%*1A%
(/0%N/L'5+*35(L%-,%3*162*607%'--1%51,-).0A%&L%(/0%'-21A%N-0('%[0-)60%z2*'/*%*1A%#/*)30'%
!(051C% F533%/*'%-1%-++*'5-1%+-.N*)0A%/5'%0*)3L%B-)S%(-%(/*(%-,%W*4-1(0%O-2167%*1A%(/0)0%*)0%
'5.53*)%/5'(-)5+*3%*1A%N0)'-1*3%+-110+(5-1'%&0(B001%*)(5'('%'2+/%*'%P0)L3%X-)-(7%4*)L%W2+50)%*1A%
.515.*35'(%+-.N-'0)'%'2+/%*'%!(0K0%^05+/%*1A%$3K51%W2+50)7%)0'N0+(5K03LC%@/0%+-110+(5-1%
&0(B001%.515.*35'(%*)(%*1A%0RN0)5.01(*3%.2'5+%/*'%*3)0*AL%&001%0'(*&35'/0A%&L%"AB*)A%
!()5+S3*1A7%*1A%'0K0)*3%*++-21('%-,%0*)3L%K5A0-%.*S0%N*''516%)0,0)01+0%(-%(/0%51,3201+0%-,%
.515.*35'.%-1%K5A0-C% F-B0K0)7%*%.-)0%51=A0N(/%'(2AL%+/*)(516%'N0+5,5+%)03*(5-1'/5N'%/*'%L0(%(-%
&0%B)5((01C!
O<$5$2#$((*&!6$%35.+!!1234$(530*!):!A$20(.%!"(Q.25.5+!!'7$!S3(932!32!07$!L$%%R!!>($I!
A)%<@#3.2!J30<.%!@$$05!A7(3503.230*%
!51+0%(/0%0*)3L%#-3-15*3%N0)5-A%A0K-(5-1%(-%(/0%95)651%4*)L%/*'%&001%*1%5.N-)(*1(%N*)(%-,%(/0%
)03565-2'%+23(2)0%51%40R5+-v'%O2+*(ƒ1C%%#01(0)'%-,%4*)5*1%A0K-(5-1%*)0%,-21A%(/)-26/-2(%(/0%
)065-1C%%@/5'%N*N0)%0RN3-)0'%(/0%+-110+(5-1%&0(B001%(/0%95)651%4*)L%*1A%g)0=#-32.&5*1%,0.*30%
A05(50'%N)5.*)53L%*''-+5*(0A%B5(/%B*(0)C%!0((30.01('%51%(/5'%*)5A7%S*)'(5+%3*1A'+*N0%2'2*33L%)0350A%
2N-1%*!(&$#3&%-)%1*(2)*3%'51S/-30%,-)%N-(*&30%B*(0)C% @/0'0%+)2+5*3%B*(0)%'-2)+0'%B0)0%
+-1'5A0)0A%'-%5.N-)(*1(%&L%(/0%N)0=#-32.&5*1%4*L*%(/*(%(/0L%B0)0%-,(01%N536)5.*60%A0'(51*(5-1'7%
'5(0'%-,%'*+)5,5+5*3%-,,0)516'7%*1A%B0)0%*3'-%*''-+5*(0A%B5(/%A05(50'C%%W0601A'%N0)'5'(%-,%
'-)+0)0''0'%*'%B033%*'%&010K-301(%6-AA0''0'%*1A%0K01%(/0%95)651%4*)L%/0)'03,%B/-%51/*&5(%(/0%
3-+*3!(&$#3&C%%@/0)0%*)0%12.0)-2'%0R*.N30'%-,%(/0%95)651%N0),-).516%.5)*+30'%*(!(&$#3&4C%%E1%
'-.0%+*'0'%'.*33%+/*N03'%A0A5+*(0A%(-%(/0%95)651%B0)0%&253(%A5)0+(3L%-1%(/0%0A60%-,%*!(&$#3&C%@/5'%
N*N0)%0R*.510'%(/0%)03*(5-1'/5N%&0(B001%(/0%#/)5'(5*1%T95)651%-,%(/0!"&$#3&c%*1A%/0)%g)0=%
#-32.&5*1%N)0A0+0''-)G'HC
J.0%3::&!F.@3$+!!1234$(530*!):!B)<3543%%$+! G)(8$(!A)20()%R! '7$!,20$(5$=03)2!):!H$@3235@!.28!
"#^$=03)2!32!07$!L)(Q!):!>.<%.!/.203.9)%
@/0%B-)S%-,%(/0%+-1(0.N-)*)L%40R5+*1%*)(5'(%g*23*%!*1(5*6-%/*'%)0+05K0A%'+*1(%+)5(5+*3%*((01(5-17%
B/0(/0)%B5(/51%-)%-2('5A0%/0)%1*(5K0%+-21()LC% D05(/0)%A-0'%'5615,5+*1(%(/0-)5Q*(5-1%-,%/0)%B-)S%
0R5'(C%!*1(5*6-\'%.-'(%B033=S1-B1%B-)S'%+-1'5'(%-,%'.*33='+*30%'+23N(2)0'%-,%+3-(/516%'0B1%
(-60(/0)%B5(/%(/0%*)(5'(\'%-B1%/*5)%*1A%+-3-)0A%&L%(/0%*)(5'(\'%-B1%&3--A7%+)0*(0A%&0(B001%;nnj%
*1A%>???C% !2+/%B-)S'%'(*1A%51%+3-'0%)03*(5-1%(-%*%,*.535*)%A5'+-2)'07%+-..-1%(-%+-1(0.N-)*)L%
*)(7%B/5+/%0R*.510'%(/0-)50'%-,%(/0%&-ALC% P2(%!*1(5*6-\'%'+23N(2)0'%+*1%&0%.-)0%'N0+5,5+*33L%
)03*(0A%(-%(B-%'N0+5*35Q0A%+*(06-)50'%-,%*)(%(/*(%A0K03-N0A%-K0)%(/0%N*'(%,-)(L%L0*)'c%,0.515'(%
51(0)K01(5-1'%51%&-A53L%A5'+-2)'0%*1A%N'L+/-*1*3L(5+%+-1()5&2(5-1'%(-%*&V0+(%*)(C% @/5'%N*N0)%
0R*.510'%(/0%B-)S%-,%!*1(5*6-%51%)03*(5-1%(-%(/0%51(0)'0+(5-1%-,%(/0'0%A5'+-2)'0'%*'%*%.0*1'%(-%
A0.-1'()*(0%(/0%B*L'%51%B/5+/%5(%106-(5*(0'%(/0%&-)A0)'%&0(B001%(/0%N0)'-1*3%*1A%(/0%+23(2)*37%
*1A%016*60'%,0.515'(%5''20'%-,%601A0)0A%5A01(5(LC% F-B0K0)7%(/5'%5'%1-(%(-%)0N0*(%(/0%51/0)01(%
&5*'0'%-,%+*1-15Q*(5-1%(/)-26/%'5.N30%)0K5'5-15'(%(*+(5+'C% @/5'%N*N0)%*AA)0''0'%(/0%B-)S%-,%
!*1(5*6-%&0L-1A%6010)*35Q0A%A5'+-2)'0%51%-)A0)%(-%)0*A%/0)%'+23N(2)0'%*'%N-(01(5*33L%3-*A0A%
5.*60'%B5(/51%*%'N0+5,5+*33L%40R5+*1%+-1(0R(%51%B/5+/%*%A0&*(0%-1%601A0)%5'%'5615,5+*1(3L%3*+S516C!
J.43Q<@.(&!J<Q@323+!!1234$(530*!):!A$20(.%!KQ%.7)@.+!!J$8!N$.8$8!/0$?=73%8!U)!6)($R!!"!
/0<8*!):!07$!,@?.=05!):!07$!N350)(3=.%!;4)%<03)2!.28!>73%)5)?73=.%!C3438$!)2!C$5392!
H)<28.03)2!A<((3=<%<@%
@/0%+/*330160%-,%N)0N*)516%A0'561%'(2A01('%(-%N)*+(5+0%*1A%+-.N0(0%51%*%63-&*3%.*)S0(N3*+0%
+-1'(*1(3L%10+0''5(*(0'%*1%51+)0*'0%-)%)0=0K*32*(5-1%-,%+-2)'0%+-1(01(%51%A0'561%+3*''0'C% @/0)0%
5'%*3'-%*%'(*)(3516%A5'+-110+(%51%(/0%.51A'%-,%A0'561%'(2A01('%&0(B001%(/0%2'0%-,%(/0%N)*+(5+*3%'S533%
'0('%*+Y25)0A%51%*)(=&*'0A%,21A*.01(*3%+-2)'0'%*1A%(/0%.01(*3%'S533%-,%+)0*(5K0%N)-&30.%'-3K516C%
$)(%*1A%_0'561%/*K0%'/*)0A%/5'(-)50'7%&2(%(/05)%,2(2)0'%51A5+*(0%'0N*)*(0%N*(/'C% @/0)0%5'%*%
,21A*.01(*3%A5,,0)01+0%&0(B001%(/0%A0,515(5-1'7%N/53-'-N/50'7%*1A%51(01(5-1'%-,%(/0%(B-%
A5'+5N3510'C% @/5'%N*N0)%N)0'01('%*1A%0R*.510'%(/0%5.N*+('%-,%(/0%N/53-'-N/5+*3%A5,,0)01+0'%
&0(B001%*1A%N*'(%N)*+(5+0'%(/*(%/*K0%30*A%.*1L%215K0)'5(50'%(-%A0+3*)0%A0'561%*%)0A%/0*A0A%
'(0N+/53A%1-%.-)0%(/)-26/%(/0%+)0*(5-1%-,%A0'561%,-21A*(5-1'%+2))5+232.C% E1%(/5'%'(2AL%(/0%
,-21A*(5-1%+2))5+23*%51%A0'561%,)-.%N)-6)*.'%(/*(%/*K0%(*S01%K*)5-2'%*NN)-*+/0'%*)0%Y2*35(*(5K03L%
*''0''0A%*'%51A5K5A2*3%+*'0%'(2A50'%,-)%(/0%&010,5(%-,%A0'561%0A2+*(-)'%'00S516%(/0%)56-)-2'%
N)0N*)*(5-1%-,%'(2A01('%,-)%*%'0*.30''%()*1'5(5-1%,)-.%*+*A0.5+%N)*+(5+0%(-%N)-,0''5-1*3%N)*+(5+0C!
J.*2)(&!/=)00+! N397!>)320!1234$(530*+! 6*!>$(5)2.%!/0(<99%$!-307!C3930.%!,20$9(.03)2%
8/L%*)0%'-%.*1L%N0-N30%51%K*)5-2'%*+*A0.5+%A0N*)(.01('%51%]15K0)'5(50'%N5+S516%2N%(/05)%N/-10'%
*1A%,)*1(5+*33L%'0*)+/516%(/05)%)-3-A0R0'%,-)%'-.0-10%51%(/0%$)(%_0N*)(.01(`%%F-B%A5A%E%,51A%
.L'03,%*'%*%10B3L%51'(*330A%*)0*%+--)A51*(-)%,-)%K5'2*3%*)(%'N0*S516%(-%+-330*620'%,)-.%#-.N2(0)%
!+501+07%4*(/0.*(5+'7%E1,-).*(5-1%@0+/1-3-650'%*1A%E1(0)5-)%_0'561%*&-2(%*)(%+-2)'0'`%
E1%(/0%+-1(0R(%-,%*%'.*33%35&0)*3%*)('%&*'0A%'+/--3%51%)2)*3%D-)(/%#*)-351*%A565(*3%51(06)*(5-1%/*'%
N)-K01%(-%&0%*%+/*33016516%01A0*K-)C%%F56/%g-51(%]15K0)'5(L\'%'.*337%()*A5(5-1*33L%&*'0A%K5'2*3%*)(%
N)-6)*.%/*'%21A0)6-10%*%()*1',-).*(5-1%B/0)0%A565(*3%*)(%.0A5*%5'%,51*33L%&0516%0.&)*+0AC%%@/0%
$)(%g)-6)*.%5'%*3'-%&0516%+-2)(0A%&L%K*)5-2'%*+*A0.5+%*)0*'%*)-21A%+*.N2'%&0+*2'0%(/0'0%
K*)5-2'%A0N*)(.01('%'00%(/0%N)-.5'0%*1A%0R+5(0.01(%-,%(/0'0%10B%(0+/1-3-650'%*1A%/-B%(/0L%
*NN3L%(-%(/05)%)0'N0+(5K0%N)-6)*.'C%%D0K0)%/*'%(/0%'(2AL%-,%K5'2*3%*)('%N3*L0A%'2+/%*%N5K-(*3%)-30%
51%(/0%&)-*A0)%+-1(0R(%-,%(/0%]15K0)'5(LC%%@/5'%N*N0)%*AA)0''0'%(/0'0%5''20'%,)-.%(/0%N-51(%-,%K50B%
-,%&-(/%(/0%A0N*)(.01(*3%30K03%(-%(/0%30K03%-,%*1%51A5K5A2*3%N)-,0''-)%*1A%23(5.*(03L%/-B%*33%-,%(/5'%
*,,0+('%(/0%*)(%'(2A01(C
J$.8&!;8307+! "55<@?03)2!A)%%$9$+! /$$329!'7()<97!07$!6)8$%%
4-'(%-,%2'%,003%*NN)0/01'5K0%(/0%,5)'(%(5.0%B0%A)*B%,)-.%*%12A0%.-A03C%E%'2'N0+(%(/0%)0*'-1'%,-)%
-2)%*NN)0/01'5-1%*)0%(/0%'*.0%-10'%(/*(%.*S0%30*)1516%(-%A)*B%,)-.%(/0%.-A03%215Y203L%
N-B0),23C% 80\A%)*(/0)%1-(%&0%*B*)0%-,%(/0%.-A03\'%N0)'-1/--A7%B0%A-1\(%B*1(%(-%'(*)0q%B0%/*K0%
*%/*)A%(5.0%'00516%,-).%-K0)%1*S0A10''C% 80%A-%1-(%B*1(%(-%5A01(5,L%B5(/%(/0%.-A03C%
$(%(/0%'*.0%(5.07%A)*B516%,)-.%(/0%.-A03%-,,0)'%(/0%+-..-1%6)-21A%-,%*%215K0)'*3%3*162*60C% E(%
5'%102()*37%*1A%21A0)'(--AC% X1-B516%(/0%,562)0%(/0%B*L%B0%A-7%51'5A0%*1A%-2(7%+-615(5K03L%*1A%
0.-(5-1*33L7%+)0*(0'%(/0%(01'5-1%(/*(%'/*)N01'%'00516C% @/0%(01'5-1%*'%010)6L%5'%V2'(%*'%.2+/%*%
A)*B516%(--3%*'%(/0%,562)0%5('03,C% @-%*15.*(0%.0*1'%(-%T)-2'0%-)%51'N5)0%'-.0&-AL%(-%(*S0%*+(5-1%
-)%/*K0%'()-16%,003516'CU%_)*B516%,)-.%*1%51*15.*(0%-&V0+(%+*11-(%0Y2*33L%0K-S0%(/0%N/L'5+*3%
0.N*(/L%-)%60'(2)0%(/*(%)*A5*(0'%,)-.%*1A%51,-).'%(/0%35K0%/2.*1%,-).C% F-B%A-0'%(/5'%5.N)-K0%
T'00516U`% F-B%A-0'%(/5'%01/*1+0%(0*+/516%A)*B516`% @-%(0*+/%*%'(2A01(%/-B%(-%()*1'3*(0%I%
A5.01'5-1'%51(-%>%+*1%&0%A-10%B5(/%*1L%-&V0+(%-)%'N*+0C% P2(%*%A)*B516%5'%1-(%'5.N3L%*%)0N-)(C%E(%
5'7%.-)0%N)-,-21A3L7%*%)0'N-1'0C!
J$7@&!A328*+!!6388%$!'$22$55$$!/0.0$!1234$(530*+!!G)8*!u!>()=$55R!,20$9(.0329!'3@$I!
G.5$8!6$83.!320)!.2!"(0!;8<=.03)2%
!51+0%_5+S%F56651'%+-510A%(/0%(0).%T51(0).0A5*U%51%(/0%.5A='5R(50'7%*)(%N)*+(5+0'%/*K0%&0+-.0%
51+)0*'5163L%,-+2'0A%-1%(/0%2'0%-,%/L&)5A%.0A5*C%%8/530%.*1L%215K0)'5(L%*)(%N)-6)*.'%/*K0%
51'(5(2(0A%10B%.0A5*%51(-%(/05)%N)-6)*.'7%(/0'0%+-2)'0'%6010)*33L%,-+2'%-1%(/0%5.N30.01(*(5-1%-,%
A565(*3%.0A5*C%%4L%10B%+-2)'0%-,,0)516'%51%51(0).0A5*%)0,30+(%*%6012510%,-+2'%-1%N)-+0''7%*1A%
'(2A01('%*)0%01+-2)*60A%(-%0RN3-)0%(/0%)03*(5-1'/5N%&0(B001%.0A5*%*1A%+-1(01(C%%E1%.L%+-2)'07!
U#/5!b!6'#(&447%'(2A01('%'(2A50A%*1A%01*+(0A%B-)S'%(/*(%,-+2'0A%2N-1%)5(2*3%*1A%(/0%&-AL%51%
*+(5-1C%%E1!6&'%#'8+$7!A&$/&'7%*%+)-''%A5'+5N351*)L%+-2)'0%&0(B001%$)(%*1A%8-.01\'%!(2A50'7%
'(2A01('%2(535Q0A%N0),-).*1+0%*)(7%K5A0-7%*1A%A565(*3%N/-(-6)*N/L%(-%0RN3-)0%+-.N35+*(0A%5''20'%-,%
601A0)%*1A%5A01(5(L%51%+-1(0.N-)*)L%+23(2)0C%
$)(%'(2A01('%'/-23A%&0%01+-2)*60A%(-%0RN3-)0%10B%*1A%()*A5(5-1*3%.0A5*%*'%(/0L%'0*)+/%,-)%(/05)%
+)0*(5K0%K-5+0C%%E(%5'%.L%+-1(01(5-1%(/*(%+-2)'0'%(/*(%51+-)N-)*(0%.23(5N30%.0A5*%*1A%N)-+0''0'%
-,,0)%(/0%)5+/0'(%N-''5&535(50'%(-%'(2A01('%51%(/0%A0K03-N.01(%-,%(/05)%-B1%*)(%N)*+(5+0C!
J$^.3$&!"E.(+! 1234$(530*!):!N)<50)2IC)-20)-2+! "!>.320$(!"@)2950!07$!"2=3$205R!
"==)<20329!:)(!>$(<932)M5!>($5$2=$!-30732!>$(<93.M5!A)%%$93)!8$%!A.@#3)%
g50()-%9*112++57%-)%g0)2651-7%B*'%*.-16'(%E(*3L\'%.-'(%+030&)*(0A%N*51(0)'%-,%(/0%;f(/%+01(2)L%
B/01%*)-21A%;Jnr7%/0%&06*1%B-)S%-1%*%+L+30%-,%]-.515%M*.-'5%51%(/0%#-33065-%A03%#*.&5-C%%@/0%
P*1S0)\'%[253A7%-)%#*.&5-7%-,%g0)265*%-++2N50A%(B-%+-110+(0A%+/*.&0)'%51%(/0%+5(L\'%g*3*QQ-%A05%
g)5-)5C% #-1(*510A%B5(/51%(/0%/0*)(%-,%(/0%+5(L\'%*A.515'()*(5K0%+01(0)7%(/0%#-33065-%B*'%2'0A%&L%
51,3201(5*3%.01%B/-%)0N)0'01(0A%(/0%)065-1\'%*)5'(-+)*+L%B/530%/-3A516%(/0%)0561'%-,%g0)265*1%
6-K0)1.01(C% @/0%N2)N-'0%-,%(/0%+-..5''5-1%(-%N*51(%*1(5Y20%N/53-'-N/0)'%*1A%'(*(0'.01%B*'%(-%
N)-K5A0%(/0%6253A\'%*A.515'()*(-)'%B5(/%'-21A%0R*.N30'%-,%N)-N0)%+-.N-)(.01(C% @/5'%,21+(5-1%
.*S0'%(/0%51+32'5-1%-,%g0)2651-\'%'03,=N-)()*5(7%3*2A0A%B5(/%*1%0306*1(%W*(51%51'+)5N(5-1%*(()5&2(516%
(-%/5.%(/0%*&535(L%(-%)0+)0*(0%(/0%*)(%-,%N*51(516%B0)0%5(%0K0)%3-'(7%215Y20C%g0)2651-\'%'03,=5.*607%
'2))-21A0A%&L%*1+501(%N/53-'-N/0)'%*1A%'(*(0'.017%5'%1-(%-13L%(/0%'-30%()20%N-)()*5(%B5(/51%(/0%
+/*.&0)7%&2(%5(%N-)()*L'%*%.*1%B/-.%.-'(%*(%(/0%+3-'0%-,%(/0%z2*(()-+01(-%B-23A%/*K0%
+-1'5A0)0A%*%+)*,('.*1C% 4L%N*N0)%B533%+-1'5A0)%(/5'%'03,=N-)()*5(%B5(/51%(/0%,*.-2'3L%K5-301(%+5(L\'%
/5'(-)5+*3%*1A%N-35(5+*3%+-1(0R(%51%-)A0)%(-%+-1()5&2(0%10B%5A0*'%+-1+0)1516%(/0%)-30%g0)2651-\'%
N)0'01+0%N3*L0A%B5(/51%*%/*33%-,%!(*(0C
J$2$Q$&!6.(9.($0+! B.\(.29$!A)%%$9$+! G%.=Q!H39<($!,@.9$5!.5!"2=3$20!.28!A)20$@?)(.(*!
S35<.%!U.((.034$%
W*'(%'2..0)7%*%215K0)'5(L%6)*1(%,21A0A%.L%()*K03%(-%[)0*(%P)5(*51%*1A%E(*3LC%%4L%)0'0*)+/%
0R*.510A%'0K0)*3%5.N-)(*1(%+-330+(5-1'%-,%*1+501(%+0)*.5+'7%51%N*)(5+23*)%[)00S%&3*+S%,562)0%
N-((0)LC%%M562)*(5K0%1*))*(5K0'%B0)0%+)0*(0A%-1%(/5'%N-((0)L%&L%'+)*(+/516%(/)-26/%*%'2),*+0%3*L0)%
-,%&3*+S%+3*L%(-%)0K0*3%(/0%356/(0)%+3*L%&010*(/C%%@/5'%(0+/15Y20%5'%'5.53*)%(-%(/0%&3*+S%51S%
'+)*(+/&-*)A%(0+/15Y20%E%0.N3-L%51%.L%A)*B516C%%D*))*(5K0%*'N0+('%*3'-%*(()*+(%.0%(-%&3*+S%,562)0%
+0)*.5+'C%M-)%'0K0)*3%L0*)'7%E%/*K0%B-)S0A%B5(/%+-1(01(%(/*(%1*))*(0'%A)*.*(5+%+-1,35+(%N3*L0A%-2(%
B5(/51%(/0%/2.*1%N'L+/0C%%!5.53*)%(-%5.*60)L%,-21A%-1%[)00S%2)1'7%.L%A)*B516'%A0N5+(%,*.535*)%
.L(/-3-65+*3%'+010'%,*.535*)%(-%2'%,)-.%35(0)*(2)0%*1A%[)00S%'+23N(2)0C%%P-(/%.0A52.'%+)0*(0%
51(5.*(0%51(0)N)0(*(5-1'%-,%/0)-5+%'+010'C%%M-)%51'(*1+07%.L%,*K-)5(0%K*'0%N*51(0)7%"R0S5*'%
G)0N)0'01(0A%51%(/0%P)5(5'/%42'02.%*1A%9*(5+*1%42'02.%+-330+(5-1'H%N*51(0A%*%,*.-2'%5.*60%-,%
$V*R%N3*1(516%/5'%'B-)A%51%(/0%6)-21A%N)0N*)516%(-%+-..5(%'25+5A07%(/2'%+*N(2)516%(/0%+/*)60A%
.-.01(%&0,-)07%)*(/0)%(/*1%(/0%&3--AL%+35.*R%-,%/5'%A0*(/C%
@/5'%()5N%+/*160A%.L%B-)S%51%21N)0A5+(*&30%B*L'%*1A%5(%B533%+-1(5120%(-%51,-).%.L%)0'0*)+/%51%
.*1L%215Y20%*1A%N)-,-21A%B*L'%(-%+-.0C!
J$*@)28&!J7)28.!B+!!L$50!S3(9323.!1234$(530*+!!/%3??.9$&!B3@32.%30*&!.28!>()=$553)2!32!07$!
1(#.2!>%.22329!):!G3%0@)($!S3%%.9$&!"57$43%%$&!U)(07!A.()%32.%
@/0%'*+)0A%*1A%N)-,*107%*3(/-26/%+-..-13L%21A0)'(--A%*'%*1(5(/0(5+*37%*)0%1-(%*3B*L'%
10+0''*)53L%'-C! :*(';8%.0*1(%(/*(%B/5+/%&03-160A%(-%(/0%6-A'%*1A%B*'%N)5.*)53L%+-1+0)10A%B5(/%
(/0%(0.N30%*1A%(/0%)5(0'%(/*(%(--S%N3*+0%(/0)051C%%@/0!6'#%*$;8%B*'%(/0%)065-1%51%,)-1(%-,%(/0%
(0.N30%B/0)0%(/0%'*+)5,5+0%B*'%N2&35+3L%N0),-).0AC%%@/0'0%(B-%*)0*'%B0)0%(/01%1-(%A5)0+(%
-NN-'5(0'%'-%.2+/%*'%(B-%N*)('%-,%*%B/-30C%%@/5'%N*N0)%B533%A5'+2''%/-B%(/0%-)5651*3%+-11-(*(5-1'%
-,%(/0%(0).'%'*+)0A%*1A%N)-,*10%*1A%(/0%51(0)'0+(5-1%&0(B001%(/0.%,51A%*%N*)*3303%51%(/0%3*(0%
1510(001(/=+01(2)L%2)&*1%N3*11516%-,%[0-)60%8C%9*1A0)&53(\'%P53(.-)0%9533*60C%%9*1A0)&53(7%
(-60(/0)%B5(/%/5'%A0'5610)'7%M)0A0)5+S%W*B%:3.'(0A%*1A%^5+/*)A%4-))5'%F21(7%,-).0A%*%35.51*3%
'N*+0%(/*(%B*'%&-(/%'*+)0A%*1A%N)-,*10%(/)-26/%*%N)-+0''%(/*(%51+32A0A%N2)+/*'5167%+30*1'5167%
)01*.5167%*1A%(/01%)0+-1'(5(2(516%(/0%'N*+0%B5(/%*%6--'0=,--(%N3*1%51%(/0%[)*1A%4*110)%-,%(/0%
P*)-Y20C%%@/0%*+(2*3%*1A%5.N350A%&-21A*)50'7%(/)0'/-3A'7%6*(0B*L'7%N)-+0''5-1*3%030.01(%-,%
'()00(%3*L-2(%*1A%+01()*3%,-+*3%N-51(%-,%(/5'%)010B0A%2)&*1%'N*+07%B/01%N3*+0A%B5(/51%(/0%+-1(0R(%
-,%&-(/%(/0%N/L'5+*3%*1A%'L.&-35+%N)0+0A01('7%)0K0*3%9*1A0)&53(\'%*((0.N(%*(%)0+-1+53516%
+-1,35+(516%5''20'%-,%'*+)0A%*1A%N)-,*107%+/2)+/%*1A%'(*(07%!-+5*3%#/)5'(5*15(L%*1A%.0)+*1(535'.%51%
[53A0A=$60%$.0)5+*C!
J$*2)%85&!J$#$==.!B+! 1234$(530*!):!A73=.9)+! B$0M5!V?<0!07$!-)(Q!)<0538$WR!;D?$(3@$20.%!
C35?%.*5!):!6323@.%350!/=<%?0<($!32!B.285=.?$8!/$003295%
E1%/5'%*)(5+30%TD-(0'%-1%!+23N(2)07U%N2&35'/0A%51!2'3%#';8%51%;njj%*(%(/0%/056/(%-,%(/0%4515.*35'(%
.-K0.01(7%^-&0)(%4-))5'%N)-N-'0A%*1%*3(0)1*(5K0%(-%(/0%'(*1A*)A%6*330)L%A5'N3*L%-,%4515.*35'(%
'+23N(2)0c%T8/L%1-(%N2(%(/0%B-)S%-2('5A0%*1A%,2)(/0)%+/*160%(/0%(0).'`U% F5'%Y20'(5-1%/*'%&001%
51(0)N)0(0A%)0+01(3L%*'%(/0%5.N0(2'%&0/51A%"*)(/B-)S'7%*%.-K0.01(%B/5+/%+*330A%,-)%B-)S516%
-2('5A0C% F5'(-)5-6)*N/5+*33L7%(/0%-10%.-K0.01(%/*'%*3B*L'%&001%N5((0A%*6*51'(%(/0%-(/0)7%B5(/%
4515.*35'.%*1%51A--)%*,,*5)%*1A%"*)(/B-)S'%5('%-2(A--)%)0K-3(C% 4L%N*N0)%210*)(/'%*1A%*1*3LQ0'%
0RN0)5.01(*3%-2(A--)%A5'N3*L'%,)-.%(/0%N0)5-A%(/*(%&32)%(/0%3510'%&0(B001%4515.*35'.%*1A%
"*)(/B-)S'%*1A%)0K0*3%(/0%5''20'%(/*(%+2(%*+)-''%&-(/%-,%(/0.C% @/0%+*'0'%*)0c%^-&0)(%4-))5'7!
D$3+3.&/!J<+''#'&/!";O&4NG%[)001%[*330)L7%D0B%O-)S7%'N)516%;njfq%@-1L%!.5(/7%0R/5&5(5-1%51%
P)L*1(%g*)S7%D0B%O-)S7%B51(0)%;nj<q%#*)3%$1A)p7!9#+$37%*(%851A/*.%#-330607%'N)516%;njrC% @/0'0%
*)(5'('%A5A%1-(%V2'(%N2(%(/05)%B-)S%-2('5A07%&2(%+/-'0%(-%A5'N3*L%(/05)%B-)S%51%A0'5610A%-2(A--)%
'0((516'C% E%*)620%(/*(%(/0%A0'561%-,%(/0'0%'N*+0'm*1%21)0.*)S*&30%L*)A7%*%P0*2R=$)('%'(L30
N*)S7%*1A%*%.-A0)15'(%+*.N2'%Y2*A)*1630m*,,0+(0A%/-B%(/0%'+23N(2)0%B*'%N0)+05K0Ac%35(0)*33L7%
&L%'N0+(*(-)'7%&2(%*3'-%,562)*(5K03L%&L%+)5(5+'7%*A.515'()*(-)'7%*1A%*)(%/5'(-)5*1'C!
J3%$*&!J.=7$%$+! 1234$(530*!):!U)(07!A.()%32.!.0!A7.(%)00$+! S35<.%!/0)(*0$%%329!32!\(.?73=!
C$5392!.28!U$-!6$83.%
E%N)-N-'0%(-%N)0'01(%B-)S%(/*(%'N0*S'%(-%(/0%)-30%-,%K5'2*3%'(-)L(033516%51%6)*N/5+%A0'561%*1A%10B%
.0A5*C%@/0%B-)S'%51+-)N-)*(0%(/0%+/*)*+(0)5'(5+'%-,%(/0%B0&%*1A%0.N3-L%A5,,0)01(%(LN0'%-,%
N)-6)*..516C% E%B-23A%35S0%(-%N)0'01(%(/0%B-)S%*'%*B*L%(-%A5'+2''%+-1+0N(%*1A%.0(/-A-3-6L7%
(0+/1-3-6L7%0RN0)5.01(*(5-1%*1A%*NN35+*(5-1C% E%*.%N*)(5+23*)3L%51(0)0'(0A%51%/L&)5A%,-).'%-,%B-)S%
(/*(%&)5A60%*)(%*1A%A0'561%N)*+(5+0'%(/*(%)0A0,510%(/0%1-(5-1%-,%K5'2*3%1*))*(5K0%(-%(*S0%51(-%
+-1'5A0)*(5-1%(/0%+-1(0R(%-,%(/0%(0+/1-3-6L%&0516%2'0AC%@/0'0%B-)S'%/*K0%3--S0A%+3-'03L%*(%(/0%
+/*)*+(0)%-,%(/0%B0&%*1A%/*K0%30(%5('%Y2*35(50'%A0,510%*'N0+('%-,%(/0%'(-)LC% @/5'%*NN)-*+/%.*S0'%
*1%5.N*+(%-1%(/0%B*L%B0%(/51S%*&-2(%'(-)L(033516%*1A%*'%*%)0'23(%B0%)00K*32*(0%-2)%0RN0+(*(5-1'C%
80&=&*'0A7%1-1=3510*)7%-N01=01A0A%B-)S'%)0,30+(%*1A%+-..01(%2N-1%+-1(0.N-)*)L%35,0%51%*%
A565(*3%51,-).*(5-1%'-+50(L7%1-(%-13L%51%+-1(01(%&2(%*3'-%51%B*L'%51%B/5+/%(/0L%*)0%.*A0C!
J3EQ&!6*5))2+!!1234$(530*!):!')%$8)+!!V"23@.%5!32!>.205WR!'7$!"(0!):!C.438!L)^2.()-3=E%
$15.*3%+-1'()2+(5-1'%/*K0%3-16%N)-K5A0A%*%.0*1'%-,%)0,30+(516%-1%/2.*1%0RN0)501+07%&-(/%
*+S1-B30A6516%-2)%-B1%*15.*35(L%*1A%B/*(%N)0+5'03L%A5'(51625'/0'%1-1=/2.*1%*15.*3'C%@-A*L\'%
+-..0)+5*3%*1A%*AK0)(5'516%'0+(-)'%51'5'(%(/*(%51+-)N-)*(516%*15.*3%5.*60)L%'033'%N)-A2+('C%
#5K535Q*(5-1%/*'%*)62*&3L%&0+-.0%.-)0%T+5K535Q0AU%B5(/%0K0)L%306*3%)0,-).%+-1+0)1516%(/0%B03,*)0%
-,%*15.*3'C%40*1B/5307%N-+S0('%-,%B53A0)10''%AB51A30%*1A%+-21(30''%'N0+50'%&0+-.0%K5)(2*33L%
0R(51+(%B/530%(/0%N3*10(%5('03,%'00.'%-1%(/0%&)51S%-,%+*(*+3L'.C%$NN)-N)5*(03L7%51%*%)0+01(%&--S%-1%
+-1(0.N-)*)L%*)(7%!(0K0%P*S0)%+/*)*+(0)5Q0A%T(/0%N-'(.-A0)1%*15.*3U%51%(0).'%-,%T&-(+/0A%
(*R5A0).L7U%+-510A%*'%*1*3-6L%(-%(/0%'+/5Q-N/)015+%(01-)%-,%35,0%(-A*LC%
8/530%*1*3LQ516%(/0%)-30%-,%*15.*3%*'%.0(*N/-)7%(/5'%N*N0)%A0N3-L'%*%+-.N*)*&30%N/)*'0%(-%
+/*)*+(0)5Q0%.2(*1(%+-1,3*(5-1'%51%(/0%*)(%-,%_*K5A%8-V1*)-B5+Q%G;nfJ=n>HC%F5'%)0N)0'01(*(5-1'7%E%
*)6207%-N0)*(0%'5.23(*10-2'3L%*'%&-(/%T.5))-)'U%*1A%T.*'S'CU%F0%/56/356/('%51(01'5K0%60-=%
A5K0)'5(L%*'%5,%(-%51+)0*'0%(-30)*1+0%,-)%*1A%01+-2)*60%+-=0R5'(01+0%B5(/%(/-'0%A00.0A%&-(/%1-1=%
/2.*1%*1A7%.-)0%'5615,5+*1(3L7%'2&=/2.*1C%@/0%*)(5'(%0RN3*51'7%T$15.*3'%*33-B%2'%(-%K50B%+0)(*51%
(/516'%(/*(%B0%B-23A1\(%*33-B%-2)'03K0'%(-%'00%51%)06*)A%(-%/2.*1%*+(5K5(LCU%PL%,0*(2)516%T*15.*3'%
51%N*1('7U%8-V1*)-B5+Q%N0)N0(2*33L%+-33*N'0'%10K0)(/030''%+-1(512*33L%)0=+-1'(5(2(0A%(*R-1-.5+%
A5K5'5-1'%1-(%-13L%&0(B001%&2(%*3'-%B5(/51%'N0+50'C!
J).(Q&!J7*5!L3%%3.@+! N<@#)%80!/0.0$!1234$(530*+!!,@.9$5!):!\)8!07$!H.07$(R!!,=)23=30*!45+!
,28$D3=.%30*!.5!.!C35032=03)2!#$0-$$2!G*E.2032$!.28!B.032!A7(3503.2303$5%
8/L%*)0%*)(5'(5+%5.*60'%-,%[-A%(/0%M*(/0)%,-)&5AA01%B5(/51%PLQ*1(510%(/0-3-65+*3%()*A5(5-1%(/-26/%
(/0L%&0+-.0%Y25(0%N)-.5101(%51%(/0%W*(51%(/0-3-65+*3%()*A5(5-17%0'N0+5*33L%&L%(/0%3*(0)%45AA30%$60'%
*1A%51(-%(/0%^01*5''*1+0`%
@/5'%A5,,0)01+0%5'%0''01(5*33L%*%'0.5-(5+%-107%(/0%B*L%*1%5.*60%5'%21A0)'(--A%*'%*%'561C%
PLQ*1(510%#/)5'(5*15(L%21A0)'(*1A'%(/0%5.*607%(-%2'0%#C%!C%g50)+0\'%(0).7%T5+-15+*33LCU%%$%
PLQ*1(510%5+-1!+4%B/-%5(%)0N)0'01('7%*1%*+(2*37%)0*3%N)0'01+07%/*)&-)516%(/0%)0*35(L%5(%A0N5+('7%*%
'0.5-(5+%*+(%-,%.0(*N/-)5+*3%'2&'(5(2(5-1C%%!2+/%*%N-'5(5-1%)051,-)+0'%E+-1-A230%(/0-3-6L%
+-1+0)1516%(/0%10+0''5(L%-,%N-)()*L516%[-A%(/0%!-17%&2(%.*S0'%5.N-''5&30%*1L%*+(%-,!
8&3*E)#'+(*.!4;O43+3;3+#$%51%N-)()*L516%(/0%)*A5+*3%510,,*&535(L%-,%[-A%(/0%M*(/0)C%%P2(%,-)%(/0%W*(51%
80'(7%&06511516%B5(/%$262'(510%*1A%g-N0%[)06-)L7%(/0%'()0''%-1%5.*60'%5'%1-(%.0(*N/L'5+*3%*1A%
#/)5'(-3-65+*37%&2(%N)5.*)53L%A5A*+(5+C%%$1%5+-1%51%(/5'%()*A5(5-1%5'%T51A0R5+*3CU%%E(%T.0)03L%N5+(2)0'U%
B/-.%5(%N-)()*L'C%%@/0%5.*60%A-0'%1-(%/*)&-)%(/0%)0*35(L%5(%'5615,50'7%*'%B5(/%PLQ*1(52.7%&2(%-13L
E#+$34%-)!'&%&'4%(-%5(7%*%'0.5-(5+%*+(!8&3#$58+(*.!(#$3+7;+35C%%F01+07%51%(/5'%6)0*(0)!E'*(3+(*.%356/(%
*1A%51%+-110+(5-1%B5(/%(/0%3*(0)%!+/-3*'(5+%'()0''%-1%[-A%*'%g2)0%$+(2*35(L%)*(/0)%(/*1%)*A5+*3%
510,,*&535(L%.*S0'%(/0'0%)0,0)01(5*3%5.*60'%-,%(/0%[-A%(/0%M*(/0)%V2'(5,5*&30C!
J)%.28&!A(.39+!!1234$(530*!):!H%)(38.+! >($?.(329!'$.=7$(5!0)!'$.=7!"(0!32!07$!C3930.%!"9$%
@/0%N*'(%,0B%L0*)'%/*'%B5(10''0A%(/0%0.0)601+0%-,%10B%B*L'%(-%0RN0)501+0%(/0%8-)3A%85A0%
80&C% @/0%(0).%T80&%>C?U%/*'%&001%+-510A%(-%A0'+)5&0%(/0%80&\'%()*1'5(5-1%,)-.%*%+-330+(5-1%-,%
'(*(5+%80&%'5(0'%(-%*%.-)0%AL1*.5+7%51(0)*+(5K07%*1A%'/*)516%01K5)-1.01(C% 80&%>C?%(--3'%*1A%
'0)K5+0'%35S0%&3-6'7%B5S5'7%N-A+*'('7%N/-(-=%*1A%K5A0-='/*)516%'5(0'7%'-+5*3%10(B-)S'7%*1A%K5)(2*3%
B-)3A'%*)0%1-B%&0516%2'0A%A*53L%&L%.5335-1'%-,%N0-N30%*)-21A%(/0%63-&0%(-%+-110+(7%+-..215+*(07%
+-33*&-)*(07%+)0*(07%+*)07%*1A%'/*)0%B5(/%-(/0)'C% @/0%Y20'(5-1%5'%/-B%+*1%B0%2'0%(/0'0%10B%(--3'%
*1A%+*N*&535(50'%-,%(/0%80&%(-%01/*1+0%-)%0K01%()*1',-).%+2))01(%*)(%0A2+*(5-1%N)*+(5+0'`%%4-)0%
5.N-)(*1(3L7%/-B%+*1%B0%&0'(%N)0N*)0%(0*+/0)'%(-%(0*+/%*)(%51%*%(0+/1-3-65+*33L=)5+/%01K5)-1.01(%
(/*(%5'%+-1'(*1(3L%0K-3K516`% @/5'%N)0'01(*(5-1%B533%0RN3-)0%(/0'0%Y20'(5-1'%*1A%*AK-+*(0%(/0%100A%
(-%'/*)0%B5(/%N)0='0)K5+0%*)(%(0*+/0)'%(/0%&0'(%(--3'%*1A%N)*+(5+0'%*K*53*&30%-1%(/0%80&%(-A*L%'-%
(/0L%B533%&0%0Y25NN0A%(-%(/51S%*&-2(%(/0%N-''5&535(50'%-,%(-.-))-BC!
J)[email protected]&!J)9$(+!!G<=Q2$%%!1234$(530*+! /@.%%!'73295!>(3=Q&!)(!L7*!C.%vM5!>.3203295!"($!/)!
'32*%
!-.0%-,%_*3€\' .-'(%,*.-2'%N*51(516'%*)0%Y25(0%(51L%G-10%-,%.L%N0)'-1*3%,*K-)5(0'7!6#'3'*+3!#%!
A*.*!>+3)!H>#!P*8O!")#E4!U*.*$(&/!#$!)&'!:)#;./&'%G;nIIH7%5'%*%.0)0%>%„%&L%I%„%51+/0'HC%
8/01%_*3€%,5)'(%*(()*+(0A%51(0)1*(5-1*3%*((01(5-17%(/0%'.*33%'+*307%N)0+5'0%A0(*537%*1A%.0(5+23-2'%
+)*,('.*1'/5N%-,%/5'%N*51(516'%A)0B%+-1'5A0)*&30%+-..01(C%%@/0%3*&03%T.515*(2)5'(Um,5)'(%*NN350A%
&L%*1%$.0)5+*1%+)5(5+%51%;nI;m'(2+S%5..0A5*(03L%*1A%+-1(5120'%(-%&0%2'0A%(-A*LC%
!2)N)5'5163L%/-B0K0)7%(/0)0%/*'%&001%35((30%'+/-3*)3L%*((01(5-1%N*5A%(-%_*3€\'%51(0)0'(%51%(/0%
N/01-.01-3-6L%*1A%'0.5-(5+'%-,!3)&!48*..C%%O0(%(/0)0%0K0)L%)0*'-1%(-%'2'N0+(%(/*(%/0%(--S%(/0%
Y20'(5-1%-,%'+*30%Y25(0%'0)5-2'3Lc%*'%/0%51'5'(0A%)0N0*(0A3L7%T'.*33%(/516'%N)5+SCU% 4-)0-K0)7%_*3€%
21A0)'(--A%(/*(%(/0%'N0+5*3%N-B0)%-,%'.*3310''%*NN350'%1-(%-13L%(-%(/0%(/516'%/0%N*51(0A7%&2(%(-%
(/0%.*110)%51%B/5+/%/0%N*51(0A7%*1A%(-%N*51(516'%(/0.'03K0'%*'%-&V0+('%-,%0RN0)501+0C% 4L%N*N0)%
0R*.510'%_*3€\'%)0,30+(5-1'%-1%(/0%'.*337%(/0%N)0+5'07%*1A%(/0%.0(5+23-2'7%*1A%'00S'%(-%
'2NN30.01(%-2)%21A0)'(*1A516%-,%_*3€\'%5.*60'%B5(/%*1%*++-21(%-,%(/0%.0*1516%*1A%0,,0+(%-,%(/05)%
.*(0)5*35(LC!
J<28a<350&!B$35.+!!1234$(530*!):!U)(07!A.()%32.!.0!"57$43%%$+!!J$=)4$(329!A73%87))8R!
"??().=7329!"5?$=05!):!A($.034$!V\$23<5W!.28!V6.82$55W!32!07$!"(0!):!N$2(*!C.(9$(%
]N-1%/5'%A0*(/7%F01)L%_*)60)%G;rn>=;n<IH%30,(%&0/51A%*%&0B53A0)516%*))*L%-,%B)5(516'%*1A%K5'2*3%
*)(7%51+32A516%/5'%.23(5=K-32.0%-N2'7!H)&!:3#'5!#%!3)&!0+F+*$!A+'.4G!+$!Q)*3!+4!d$#>$!*4!3)&!
C&*.84!#%!3)&!D$'&*.%G+C%;n;;=;n<;q%;f7;Jf%N*60'%*1A%-K0)%I??%A-2&30='5A0A7%+-33*60=%
B*(0)+-3-)'C%%@/5'%N*N0)%51(0)N)0('%+)0*(5K0%T60152'U%*1A%T.*A10''U%51%_*)60)\'%*)(%(/)-26/%(/0%
301'%-,%+/53A/--Am(/0%+5)+2.'(*1+0'%-,%(/0%*)(5'(\'%+/53A/--A%G.-(/0)30''%*1A%51'(5(2(5-1*35Q0AH%
*1A%(/0%*)(5'(\'%2'0%-,%(/0%T+/53AU%*'%*%.0(*N/-)%,-)%*A23(%'(*(0'%-,%.51AC%%#-1'5A0)516%(/0%
'5615,5+*1+0%-,%(/0%-)N/*1=+/53A%,562)0%51%_*)60)\'%*)(7%(/5'%N*N0)%0R*.510'%/-B%(/0%*)(5'(%
+-.&*(0A%/5'%-B1%'-+5*3%.*)651*35Q*(5-1%(/)-26/%+)0*(5-1%-,%N-B0),23%*1A%N5-2'7%.-(/0)30''%
N)-(*6-15'('m(/0%95K5*1%[5)3'C%%E1%N*)(5+23*)7%_*)60)%351S'%(/0%95K5*1'%B5(/%N)0+-+5-2'%65)3'%,)-.%
N-N23*)%+23(2)0%G!/5)30L%@0.N30%*1A%W5((30%"K*%-,!D$(.&!H#8R4!"*O+$H%B/-%.-A03%*%'(L30%-,%
+-.N-)(.01(%.5R516%&-(/%511-+01+0%*1A%B-)3A3510''C%%@/)-26/%(/0'0%65)3=(LN0'7%_*)60)%,*&)5+*(0'%
N0)'-1*'%01*&3516%/5.%(-%K5+*)5-2'3L%()*K0)'0%'-+5*3%&-21A*)50'%*1A%*NN)-*+/%'*+)0A7%35.51*3%
'(*(0'C%%$AA5(5-1*33L7%(/5'%N*N0)%)0K0*3'%5.*651*(5K0%+5)+25('%(/)-26/%B/5+/%_*)60)\'%*)(7%+)0*(0A%51%
*%'N*+0%-,%N)5K*(5-17%-N013L%+-1K0)'0'%B5(/%K5'2*3%+23(2)0%*1A%(/0%/5'(-)5+*3%.53502%-,%/5'%(5.0C
J<57&!A.()%32$+! /.4.22.7!A)%%$9$!):!"(0!.28!C$5392+! J$83($=0329!07$!C3.%)9<$R!6.(3.!
K.Q$*!C$-329!.28!07$!"@$(3=.2!"$507$03=!6)4$@$20%
@/0%$.0)5+*1%$0'(/0(5+%4-K0.01(%&)-26/(%*)(%51(-%(/0%/-.0C%g)5.*)53L%A5)0+(0A%(-B*)A'%B-.017%
(/0%.-K0.01(%()*1'3*(0A%+-1(0.N-)*10-2'%*)(5'(5+%(/0-)L%*1A%'(L30%51(-%0K0)LA*L%A)0''%*1A%
/-.0%A0+-)*(5-1C% 8-.01%B0)0%(/0%.*S0)'%*1A%+-1'2.0)'%-,%$0'(/0(5+%N)-A2+('7%&2(%
'+/-3*)'/5N%65K0'%.01%'2+/%*'%W-25'%#-.,-)(%@5,,*1L%*1A%Z-/1%W*%M*)60%+)0A5(%B5(/%A0'561516%(/0%
'(L30C% $%B-.*1%B/-%A0'0)K0'%.-)0%+)0A5(%,-)%/0)%+-1()5&2(5-1%(-%$.0)5+*1%$0'(/0(5+%'(L30%5'%
4*)5*%:*S0L%_0B516C% F0)%B)5(516'7!U&*;35!+$!-'&44%G;rr;H%*1A!U&*;35!+$!3)&!1#;4&)#./%G;rr>H7%
*)0%'0.51*3%(0R('%(/*(%)0A5)0+(%*1A%030K*(0%(/0%(LN5+*3%A5*3-620%-,%A)0''%*1A%/-.0%A0+-)*(5-17%
&)516516%$0'(/0(5+%5A0-3-650'%(-%(/0%0K0)LA*L%/-.0C!
J<0Q)45Q*&!>.<%+! H%)(38.!/0.0$!1234$(530*+! "-.*!H()@!07$!"(0!H.=0)(*%
M-)%'0K0)*3%'2..0)'%E%+-1A2+(0A%B-)S'/-N'%*1A%'/-B0A%B-)S%51%W5(/2*15*7%W*(K5*7%g-3*1A7%
P03*)2'%*1A%M513*1AC%%W-+*(5-1'%)*160A%,)-.%(/0%953152'%$+*A0.L%-,%M510%$)('%(-%*%W*(K5*1%*)(5'(=%
)21%1-1=N)-,5(7%3-+*(0A%51%*1%-3A%1*K*3%&*'0%&253(%&L%(/0%^2''5*1%#Q*)%$30R*1A0)%EEEC% 4L%
)03*(5-1'/5N%B5(/%(/0'0%51'(5(2(5-1'%B*'%-N01%*1A%,30R5&30%*1A%E%B*'%6)*1(0A%*%+0)(*51%S51A%-,%
,)00A-.%(/*(%/*A%1-%N-35(5+*3%+-1'0Y201+0'%,-)%.0%-)%.L%'(2A01('C% M-)%51'(*1+07%(/0%953152'%
$+*A0.L%N)-K5A0A%()*1'N-)(*(5-1%,-)%2'%(-%*%3*1A,533%3-+*(0A%-2('5A0%(/0%+5(L7%B/0)0%B0%N0),-).0A%
*%,233%+-2)'0%N5+15+%-1%(-N%-,%*1%-N01%N5(%6*)&*60%,503AC%%!(2A01('%,)-.%(/0%g-Q1*1%$+*A0.L%-,%
$)('%51%g-3*1A%&-))-B0A%*%+5(L%A2.N'(0)%B5(/%B/003'7%N*)*A0A%(/)-26/%A-B1(-B1%'()00('7%*1A%
N3*+0A%5(%51%(/0%3-&&L%-,%(/0%.*51%*+*A0.L%*A.515'()*(5-1%&253A516C%
@/0%'2)N)5'5163L%/56/%010)6L%*1A%-N0110''%(-%0RN0)5.01(*(5-1%B*'%*%&--'(%,-)%.0C%%8/530%.*1L%
-,%(/0%'(2A01('%B0)0%+2)5-2'%*&-2(%.0%*'%*%,-)05610)7%.-'(%B0)0%.-)0%+2)5-2'%*&-2(%(/0%B-)3A%51%
6010)*3%*1A%*)(%'N0+5,5+*33LC%%@/0L%B0)0%-N(5.5'(5+%*1A%1-(%*'%+L15+*3%-)%/0'5(*1(%*'%$.0)5+*1%
'(2A01('C%%@/0'0%0RN0)501+0'%51K56-)*(0A%.L%*)(B-)S%*1A%B*L'%-,%B-)S516%B5(/%*)(%'(2A01('%*(%.L%
/-.0%215K0)'5(LC!
/.0)&!6.5.*<Q3+! [email protected]!1234$(530*+! A)923034$!N350)(3)9(.?7*!.28!U)(@.034$!
N350)(3)9(.?7*R!/$.(=7329!:)(!07$!J)%$!):!N350)(*!32!07$!XY!50! =$20<(*!
C,C!UK'!>J;/;U'!
/=7.(2.9%&!\($0=7$2+!!H%)(38.!,20$(2.03)2.%!1234$(530*+!!"2!;243()2@$20.%!"(0350!32!
/<#<(#3.%
E1%(/0%3*'(%/21A)0A%L0*)'%(/0)0%/*'%&001%*%'/5,(%,)-.%*%N)0A-.51*(03L%)2)*3%N-N23*(5-1%(-%
'2&2)&*1%'N)*B3C% !2&2)&'%B0)0%+)0*(0A%&L%2)&*15(0'%'00S516%,)-1(%L*)A'7%&*+SL*)A'%*1A%()00'C%
@/0%)0'23(516%*1(/)-N-6015+%01K5)-1.01(%5'%(/0%211*(2)*3%/L&)5A%-,%2)&*1%*1A%)2)*3C% #-1+)0(07%
63*''7%*'N/*3(%*1A%B033=6)--.0A7%'N)*L0A%L*)A'%)0N23'0%(/0%1*(2)*3%N3*1('%*1A%*15.*3'%(/*(%B-23A%
)0'5A0%(/0)0C%%@/0%21,-)0'001%+-1'0Y201+0'%-,%/2.*1%&0/*K5-)%-1%(/0%01K5)-1.01(%(/*(%-++2)'%
*(%(/0%51(0)'0+(5-1'%-,%/2.*1'%*1A%1*(2)0%N)-K5A0%(/0%'2&V0+(%.*((0)%-,%.L%)0'0*)+/C%
W5S0%,5,(L=(B-%N0)+01(%-,%-2)%N-N23*(5-1%51%(/5'%+-21()L7%E%B*'%)*5'0A%*1A%+2))01(3L%35K0%51%'2&2)&5*C%
4L%3*1A'+*N0%5'%(/0%*+(2*3%1056/&-)/--A%E%35K0%51%*1A%(/0%K5)(2*3%1056/&-)/--A7%(/0%63-&*3%K50B%
(/*(%(/0%E1(0)10(%N)-K5A0'C% E%)0*+(%(-%.L%1056/&-)/--A%*1A%5('%+-335'5-1'%-,%(/0%1*(2)*3%*1A%*)(5,5+5*3%
B5(/%*)(%B-)S'%(/*(%*)0%*'%+-.N30R%*'%.L%'2&V0+(q .*))L516%()*A5(5-1*3%*)(%.*(0)5*3'%*1A%.0A5*%
B5(/%*+(2*3%030.01('%-,%(/0%'2&2)&*1%01K5)-1.01(C% @/0%B-)S%3*L0)'%.0(*N/-)%*1A%.0*1516%(-%
0K-S0%(/0%+-1()*A5+(5-1'%-,%*%1*(2)0=3-K516%'2&2)&*15(0C
/=(<?$&!6.(.!"8.@30E+!!A)%<@#<5!/0.0$!1234$(530*+!!/)=3.%!"(0!.28!"9$2=*%
E%*.%51()5620A%&L%+-1(0.N-)*)L%*)(%N)*+(5+0%(/*(%5'%A0,510A%&L%*+(5-1'%-,%N0)'-1*3%*601+L%*1A%&L%
*)(5'('%B/-'0%+-1+0N(2*3%+-1+0)1'%*)0%6)-21A0A%51%N2&35+%)0'N-1'0'%(-%60'(2)0'%B/5+/%+-1,5).%
(/0%N-B0)%-,%(/0%51A5K5A2*3%(-%*+(%*'%*%+*(*3L'(%,-)%'-+5*3%+/*160C% E1%*%(5.0%-,%5)-1L7%+L15+5'.%*1A%
*3501*(5-17%N0)'-1*3%*601+L%51%(/0%'0)K5+0%-,%AL1*.5+%+/*160%(-B*)A%*1L%6-*3%5'%-,(01%K50B0A%
B5(/%'S0N(5+5'.7%'2'N5+5-17%0K01%/-'(535(L%&0+*2'0%5(%(0'('%(/0%&-21A*)50'%-,%N-B0)C% P2(7%(/0%
N-B0)%-,%(/0%'51630%.-A0'(%60'(2)0%N2(%(-B*)A%(/0%6)0*(0)%6--A%+*))50'%A00N%.0*1516C% E('%
5.N-)(*1+0%350'%51%(/0%N-51('%-,%+-110+(5-1%&0(B001%2'%*1A%-(/0)'%51%N-(01(5*33L%,*)=)0*+/516%
0,,-)('%(-%*,,0+(%'-+50(L%*1A%60).51*(0%10B%B*L'%-,%*&0((516%+-1'+5-2'10''%(/)-26/%*)(C%
#-1'+5-2'10''%5'%(/0%)0+-615(5-1%-,%10B%)0*35(50'%*1A%N-''5&535(50'%,-)%)0'N-1'0C% 4L%N*N0)%,-)%(/0%
$)(%*1A%!-+50(L%'0''5-1%B533%,-+2'%-1%*)(5'('7%N)-V0+('7%51(0)K01(5-1'%*1A%51'(*33*(5-1'%(/*(%+*33%
*((01(5-1%(-%(/0%5A0*%-,%(/0%N-B0)%-,%6010)-'5(L%51%0,,-)('%(-%01+-2)*60%+-..215(L%51K0'(.01(%*1A%
*+(5-1C% E%B533%3-+*(0%*1A%0RN35+*(0%N2&35+%51(0)K01(5-1'%*1A%51'(*33*(5-1'%-,%(/0%3*'(%A0+*A0%B/5+/%
*((0.N(%(-%351S%(/0%N)*+(5+0%-,%6010)-'5(L%B5(/%'-+5*3%*+(5-1%=%0'N0+5*33L%01K5)-1.01(*3%*+(5K5'.%=%(-%
01+-2)*60%+-..215(L%51K0'(.01(7%)0'N-1'5&535(L%*1A%0.N-B0).01(C!
/7.#)<0&!U.8.+!!1234$(530*!):!U)(07!'$D.5+!!'$.=7329!6)8$(2!6388%$!;.50$(2!"(0!
C,C!UK'!>J;/;U'!
/7.2$*:$%0&!/7$((3!H+!!S.28$(#3%0!1234$(530*!" '7$!B.50!/<??$(R!!,05!\$2$535!.28!J$?%3=.03)2!
32!07$!>$(<93.2!/=7))%%
4L%N*N0)%0R*.510'%(/0%N)-+0''%-,%)0N35+*(5-1%51%].&)5*1%^01*5''*1+0%N*51(516%*1A%A)*B516%
B5(/51%(/0%'+/--3%-,%g50()-%g0)2651-C% "K01%[5-)65-%9*'*)57%51%/5'!0+3*%-,%^*N/*037%+-..01(0A%
2N-1%(/0%'()5S516%'5.53*)5(L%-,%(/5'%L-216%*)(5'(\'%B-)S%B5(/%(/*(%-,%/5'%.*'(0)c%TE(%5'%*%K0)L%1-(*&30%
(/516%(/*(%^*,,*033-7%'(2AL516%(/0%.*110)%-,%g50()-7%5.5(*(0A%5(%51%0K0)L%)0'N0+(%'-%+3-'03L7%(/*(%/5'%
+-N50'%+-23A%1-(%&0%A5'(51625'/0A%,)-.%/5'%.*'(0)\'%-)5651*3'7%*1A%5(%B*'%1-(%N-''5&30%(-%'00%*1L%
+30*)%A5,,0)01+0%&0(B001%/5'%B-)S'%*1A%g50()-\'CU% D-(%-13L%A5A%g0)2651-%-,(01%)0N0*(%/5'%-B1%
+-.N-'5(5-1'7%&2(%/5'%.*1L%'(2A01('%A5A%'-%*'%B0337%*'%(/0L%/*A%*++0''%(-%+*)(--1'%*1A!8#/&..+%
,)-.%g0)2651-\'%B-)S'/-N'%51%&-(/%g0)265*%*1A%M3-)01+0C%
@/0%N)5.*)L%,-+2'%-,%(/5'%'(2AL%5'%(/0%6010'5'%-,%(B-%,)0'+-0'%-,%(/0!P*43!:;EE&'C% @/0%,5)'(7%*(%(/0%
#01*+-3-%A5%M-3561-%51%M3-)01+07%B*'%N*51(0A%&L%g0)2651-%+*C%;Jrf=nI%B5(/%*''5'(*1(%
+-33*&-)*(5-1C%@/0%'0+-1A%5'%*%+-NL%-,%(/5'%+-.N-'5(5-1%N*51(0A%&L%/5'%,-33-B0)7%[5*115+-3*%A5%
g*-3-7%B5(/51%(/0%,-).0)%)0,0+(-)L%-,%(/0%g*3*QQ-%A05%g)5-)57%g0)265*7%A*(0A%;JnI=njC% E(%5'%51A00A%
(/)-26/%(/0%*1*3L'5'%-,%(/0%+5)+2.'(*1+0'%*1A%K5'2*3%0K5A01+0%*''-+5*(0A%B5(/%(/5'%)0N35+*(5-17%
51+32A516%(/0%N)0N*)*(-)L%A)*B516'%,-)%&-(/%,)0'+-0'7%(/*(%B0%+*1%30*)1%.2+/%.-)0%*&-2(%
g0)2651-\'%M3-)01(510%B-)S'/-N%*1A%[5*115+-3*%A5%g*-3-\'%0*)3L%+*)00)C!
/7$($(&!/=)00+!!'7$!1234$(530*!):!'$D.5!.0!/.2!"20)23)+! /?$=0.=<%.(!K#^$=05%
@/5'%N*N0)%0R*.510'%(/0%+-.N30R%,53.5+%*1A%'+23N(2)*3%A5'+-2)'0'%(/*(%+-.N)5'0%4*((/0B%
P*)10Lv'%#)0.*'(0)%#L+30%G;nnf=>??>HC%%$+)-''%,5K0%0N5+%'06.01('7%P*)10L%016*60'%B5(/%
.L(/-3-6L7%/5'(-)5+*3%,*+(7%+23(2)*3%5+-1'7%*1A%,*1(*'L%(-%)0,30+(%2N-1%(/0%+-1'()2+(5-1%-,%.*'+23510%
'2&V0+(5K5(LC%%@/0%N)-V0+(%+23.51*(0A%51%*1%51'(*33*(5-1%51%(/0%[26601/05.%42'02.%51%B/5+/%M)*1S%
W3-LA 8)56/(v'%*)+/5(0+(2)0%B*'%&-(/%*1%51'N5)*(5-1%*1A%'0((516%,-)%#)0.*'(0)%I%*'%*%+-.N30R
01K5)-1.01(%-,%,53.7%A)*B5167%*1A%'+23N(2)07%'1*S516%*3-16%(/0%.2'02.v'%)*.N'7%01(0)516%(/0%
6*330)50'7%*1A%/*16516%51%(/0%+01()*3%)0+0N(5-1%*)0*C%
85(/%(/0%N)-A2+(5-1%K*320'%-,%P)-*AB*L%*1A%F-33LB--A%*1A%(/0%'()*(0650'%-,%.-A0)1%*1A%
N-'(.-A0)1%.-1(*607%(/0%'+01*)5-'7%+/*)*+(0)'7%+-'(2.0'7%*1A%N)-N'%01+-2)*60%(/0%K5'2*3%
N30*'2)0%-,%+-1(0.N-)*)L%+-..-A5(L%,0(5'/5'.%*1A%N)-A2+0%-K0)B/03.516%'N0+(*+30C%%$'%
A5'+)0(0%-&V0+('7%P*)10Lv'%'+23N(2)0'%51(06)*(0%+-.N-101('%-,%/2.*1%*1A%*15.*3%35,07%.*+/510'7%
*1A%+23(2)*3%'L.&-3'C% ^0,0)01+516%12.0)-2'%+23(2)*3%,)*.0B-)S'7%(/0%,53.5+%*1A%'+23N(2)*3%
+-.N-101('%'2660'(%(/0%*+(5K5(L%-,%.*(0)5*3%*1A%1*))*(5K0%()*1',-).*(5-1%51%(/0%+-1'()2+(5-1=*1A%
,)*6.01(*(5-1=-,%601A0)0A%N-''5&535(LC% E1%(/5'%N*N0)7%E%0R*.510%P*)10Lv'%,53.'%*1A%'+23N(2)0'%*'%
51A5+*(5K0%-,%(/0%N)-&30.'%51/0)01(%51%+-1(0.N-)*)L%+-1'5A0)*(5-1'%-,%.*'+23510%'2&V0+(5K5(L%*'%
N/01-.01-3-65+*3%0RN0)501+0%*1A%*'%)0N)0'01(*(5-1*3%A5'+-2)'0C!
/7$(38.2&!S3=0)(3.+! 1234$(530*!):!')()20)+! S$2$03.2!G.()a<$[%
@/5'%N*N0)%B533%0RN3-)0%(/0%Y20'(5-1%=!0&$&3+*$!U*'#X;&eC%%E(%/*'%&001%(B01(L=,5K0%L0*)'%'51+0%
P)2+0%P-2+/0)%N2&35'/0A%/5'%*)(5+30!U*'#X;&!2'()+3&(3;'&!+$!0&$+(&7%*1A%^2A-3,%85((S-B0)\'%
+/*)*+(0)5Q*(5-1%-,%#*\g0'*)-%*1A%#*\^0QQ-15+-%*'%{N2)03L%)0()-6)0''5K0\%)0.*51%'(*N30'%51%(/0%
,503A%-,%&*)-Y20%'(2A50'C%%$%,0B%E(*35*1%'+/-3*)'%Gg*-3*%^-''5%,-)%0R*.N30H%51K0'(56*(0%(/0%
+-.N30R5(50'%-,%!05+01(-%9015+0"#&2(%(/5'%+/)-1-3-65+*3%*1A%'(L35'(5+%*1-.*3L%/*'%0'+*N0A%*%
+)5(5+*3%*2A501+0C%%P*)-Y20%'(2A50'%+-1'5'(01(3L%*A/0)0%(-%(/0%+*1-1%-,%^-.0%*1A%P0)1515C%%@/0%
{&*)-Y20\%'5.N3L%A-0'%1-(%0R5'(%-2('5A0%(/5'%+*1-1%(-%(/0%0R(01(%(/*(%(/0%(-N5+!0&$&3+*$!U*'#X;&%
51'N5)0'%(/0%)0'N-1'07%T@/0)0!+4%'2+/%*%(/516`U%%$)(%/5'(-)5+*3%'(2A50'%A0K-(0A%(-%9015+0%,-+2'%-1%
(/0!A#./&$!27&%-,%(/0%9010(5*1%^01*5''*1+0%*))0'(0A%*(%;j??%*1A%K*23(516%,-)B*)A%(-%(/0%
!0((0+01(-!?$.+7)3&$8&$3C%%@/0'0%'(2A50'%2(535Q0%(/0%9010(5*1%+*1-1%-,%@5(5*1%*1A%#*1*30((-%*'%
&01+/.*)S'%,*53516%(-%)0+-615Q0%*%+23(2)*3%+-1(5122.%B/5+/%B-23A%51+32A0%(/0%5A5-'L1+)*(5+%
$1(-15-%u*1+/5%*1A%!0&*'(5*1-%4*QQ-15C%%@/0%9010(5*1%!05+01(-%(/2'%)0'5A0'%51%*%K5)(2*3%{&3*+S%
/-30\%-,%*)(%/5'(-)L%10*(3L%'*1AB5+/0A%&0(B001%(B-%63-)5,50A%(5.0%N0)5-A'C%%@/5'%N*N0)%B533%*((0.N(%
(-%'/0A%'-.0%356/(%-1%(/0%Y20'(5-1'7%F-B%9010(5*1%5'%9010(5*1%P*)-Y20`%*1A%F-B%P*)-Y20%5'%
9010(5*1%*)(`!
/7$(-32&!63=7.$%+!!L$50!S3(9323.!1234$(530*+!!/*50$@5!):!A7.29$%
g/-(-6)*N/L%5'%*'%.2+/%*&-2(%'+501+0%*'%5(%5'%*&-2(%*)(C% M)-.%"*AB0*)A%42L&)5A60\'%.-(5-1%
'(2A50'%51%(/0%3*(0%;r??\'%(-%4*)S%X30((\'%)0+01(!C&E)#3#7'*E)+(!:;'F&5!6'#]&(37%(/0%.0A52.%/*'%
*3B*L'%*,,-)A0A%*%'L'(0.*(5+%-&'0)K*(5-1%-,%(5.0C% E1+-)N-)*(516%&-(/%(/0%'(533%*1A%.-K516%5.*60%E%
*((0.N(%(-%(*N%51(-%(/0%N0)N0(2*3%'L'(0.'%-,%(/0%1*(2)*3%B-)3A7%,)-.%(/0%'2),*+0%-,%(/0%'0*%(-%(/0%
K0)L%6)-21A%&010*(/%.L%,00(7%51%-)A0)%(-%0RN3-)0%(/0%.L'(0)L%&0/51A%(/05)%032'5K0%1*(2)0C% E%
B-1A0)%5,%N0)/*N'%(/0)0%5'%*1%21A0)3L516%'()2+(2)0%/5AA01%51%(/05)%'00.5163L%)*1A-.%N*((0)1'7%*%
B51A-B%-1(-%(/0%51(0)'0+(516%'N*+0%B/0)0%-&V0+(5K0%*1A%'2&V0+(5K0%N0)+0N(5-1%.00('C% ]'516%'2+/%
.0(/-A'%*'%+-1()-330A%-&'0)K*(5-1%,)-.%*%'51630%K*1(*60%N-51(7%)0N0(5(5-17%*1A%(LN-3-65+*3%
+-.N*)5'-17%E%B*1(%(-%A)*B%*((01(5-1%(-%*)0*'%-,%-K0)3*N%*1A%51(0)+-110+(5-1%&0(B001%*)(5'(5+%
0RN3-)*(5-1%*1A%'+501(5,5+%51K0'(56*(5-17%B/530%*+S1-B30A6516%(/0%'35NN0)L%/2.*1%'2&V0+(5K5(L%
21A0)3L516%&-(/%N)-+0''0'C% @/5'%N)0'01(*(5-1%B533%0RN3-)0%.L%)0+01(%B-)S%+)0*(0A%2'516%.0(/-A'%
-,%'2)K0533*1+0%*1A%*NN)-N)5*(5-17%*'%B033%*'%/56/356/(516%-(/0)%215Y207%+-1+0N(2*3%N/-(-6)*N/0)'%
(/*(%2(535Q0%.0(/-A'%-,%'+501+0%*1A%.23(5N35+5(L%51%(/05)%B-)SC!
/7$(-))8&!A%.3($+! 6.(57.%%!1234$(530*+! /<@@$(!32!>(35)2R!;D0$28329!>$(5)2.%!J$5$.(=7!
G$7328!>(35)2!L.%%5
@/)-26/%*1!2'3!+$!3)&!"#88;$+35!C&4+/&$(5%*B*)A0A%&L%(/0%_03*B*)0%#01(0)%,-)%(/0%
#-1(0.N-)*)L%$)('7%E%+-1A2+(0A%*%'2..0)%*)(%N)-6)*.%51%*%'(*(0%+-))0+(5-1*3%.*R5.2.='0+2)5(L%
N)5'-1%,-)%B-.01C%%@/0%+)5.0'%*1A%'01(01+0'%-,%.L%'(2A01('%)*160A%,)-.%*%,0B%.-1(/'%,-)%
A)51S516%B/530%A)5K516%(-%35,0%5.N)5'-1.01(%,-)%B/*(7%E%+*1%-13L%5.*6510C% @/0%_##$%)0'5A01+L%*3'-%
N)-K5A0A%*1%*N*)(.01(%*1A%'0N*)*(0%'(2A5-%'N*+07%B/0)0%E%+-23A%)0,30+(%*1A%)0+-)A%.L%
0RN0)501+0%*1A%0.-(5-1'%*,(0)%B-)S516%B5(/%(/0%51.*(0'C%%@/0%)0'23('%-,%(/5'%)0'5A01+L%'/5,(0A%.L%
B-)SC%%D-(%-13L%A5A%(/0%B-.01%(0'(%.L%'(0)0-(LN0'%*&-2(%B/-%'0)K0'%(5.07%&2(%E%+/*330160A%(/05)%
'01'0%-,%B/*(%5(%.0*1'%(-%&0%*1%*)(5'(C%%P-(/%N0)'N0+(5K0'%'/-B0A%/-B%(/0%+)0*(5K0%N)-+0''%+*1%
()5660)%N-'5(5K0%+/*160C%
@/5'%N)0'01(*(5-1%3--S'%*(%(/0%*)(5'(5+%N)-+0''%B5(/51%(/0%N)5'-1%'()2+(2)0%*1A%/-B%(/5'%(LN0%-,%
+-..215(L%'0)K5+0%+*1%*,,0+(%L-2)%-B1%B-)SC%%E(%/56/356/('%(/0%51.*(0'\%N)-V0+('7%51+32A516%*%
N*51(0A%Y253(%.*A0%,)-.%+3-(/%1*NS51'7%*%()*A5(5-1*3%&)*5A0A%)26%B-K01%,)-.%)0+L+30A%()*'/%&*6'7%
*1A%*%K5A0-%(/*(%'0)K0A%*'%(/0%B-.01v'%K-5+0%-2('5A0%(/0%N)5'-17%*'%B033%*'%(B-%N0)'-1*3%N)-V0+('%
(/*(%B0)0%(/0%A5)0+(%)0'23(%-,%.L%0RN0)501+0%*(%(/0%_##$C!
/3$9$5@<28&!J3=7.(8+! 1234$(530*!):!\$)(93.+!!'732Q!'.2Q!,,R!'$.=7329!07$!k!A5R!A(303=.%!
'7$)(*&!A(303=.%!'732Q329&!A(303a<$!/0(.0$93$5+%
F-B%*)0%21A0)6)*A2*(0'%01(0)516%(/0%K5'2*3%*)('%.*V-)%N)0N*)0A%,-)%21A0)'(*1A516%*)(%*'%*%
N)-+0!!#$% *1*3L'5'%*1A%51Y25)L`% F-B%+*1%6)*A2*(0%'(2A01('7%B/-%,)0Y201(3L%*)0%(/0%51'()2+(-)%-,%
)0+-)A%51%,-21A*(5-1'%+-2)'0'7%&0%&0((0)%N)0N*)0A%,-)%(0*+/516%351625'(5+%(--3'%,-)%A0K03-N516%*1A%
)0,51516%K5'2*3%(/51S516`%%%85(/%*1%51K5(0A%+-)0%6)-2N%-,%N0-N30%@/51S%@*1S%EE%3--S0A%*(%(/0'0%
5''20'C% W0A%&L%4*)L%!(0B*)(%GM3-)5A*%!(*(0%]15K0)'5(LH7%Z5.%"315'S5%G#/5+*6-%$)(%E1'(5(2(0H%*1A%
^5+/*)A%!5060'.21A%G]15K0)'5(L%-,%[0-)65*H7%@/51S@*1S%EE%*'N5)0'%(-%5A01(5,L%*%+30*)%*601A*%-,%
+2))5+232.%.-A5,5+*(5-1'%(/*(%*,,0+(%(/0%+-1(01(%-,%&-(/%,-21A*(5-1'%N)-6)*.'%*1A%6)*A2*(0%
'0.51*)'%-1%(0*+/516%51%K5'2*3%*)(C% 8-)S516%+-330+(5K03L7%@/51S@*1S%EE%/-N0'%(-%&253A%*%+)5(5+*3%
.*''%(/*(%+*1%+/*330160%+-.N3*+01(%+-1+0N(5-1'%(-B*)A%(/0%N)0N*)*(5-1%-,%21A0)6)*A2*(0'%B/-%
*)0%01(0)516%-2)%,503A7%*1A%*AA)0''%(/0%'0)5-2'%100A%,-)%&0((0)%()*51516%-,%4M$%+*1A5A*(0'%51%
'()*(0650'%,-)%(0*+/516%+)5(5+*3%(/0-)L7%+)5(5+*3%(/51S5167%*1A%+)5(5Y20%51%(/0%K5'2*3%*)(aA0'561%
+3*'')--.C%
E1%*AA5(5-17%@/51S(*1S%EE%/*'%+30*)%5.N35+*(5-1'%,-)%(/0%N)0N*)*(5-1%-,%/56/%'+/--3%*)(%'(2A01('%B/-%
B5'/%(-%N2)'20%21A0)6)*A2*(0%'(2AL%51%*)(7%*'%B033%*'%+-1'5A0)*(5-1%,-)%(/0%(0*+/516%-,%*)(%
*NN)0+5*(5-1%(-%1-1=*)(%.*V-)'C% @/0'0%*)0%5.N-)(*1(%+-110+(5-1'%B-)(/%+-1'5A0)516%*'%B033C!
/3@?5)2&!>.@$%.!N+! L.573290)2!.28!B$$!1234$(530*+! '$88*!J))5$4$%0&!"2!"@$(3=.2!,=)2!
32!G<00$(%
E1%;n?J%*(%(/0%W-25'5*1*%g2)+/*'0%"RN-'5(5-1%51%!*51(%W-25'7%45''-2)57%(/0)0%B0)0%*(%30*'(%(B-%
N-)()*5('%-,%@/0-A-)0%^--'0K03(%51%&2((0)&#-10%B*'%0Y20'()5*17%(/0%-(/0)%*%N-)()*5(%&2'(C%%W*(0)7%*(%
K*)5-2'%'(*(0%,*5)'7%(/0)0%B0)0%.-)07%51+32A516%-10%.2+/=)0N)-A2+0A%K0)'5-1%-,%*%,233=3016(/%
^--'0K03(%A)0''0A%51%'*,*)5%6*)&7%621%51%/*1A7%-10%,--(%-1%*%A0*A%35-1C% 8/L%*33%(/0'0%N-)()*5('7%
*1A%B/L%51%(/0%21+-1K01(5-1*3%.0A52.%-,%&2((0)`% @/5'%N*N0)%*((0.N('%(-%*1'B0)%(/-'0%Y20'(5-1'%
B5(/%*%3--S%*(%(/0%/5'(-)L%-,%&2((0)%'+23N(2)07%*1%0R*.51*(5-1%-,%@0AAL%^--'0K03(%51%N-N23*)%
5.*60)L7%*1A%*1%0RN3-)*(5-1%-,%(/0%N*)(5+23*)3L%5.N-)(*1(%)-30%/0%N3*L0A%51%/03N516%(-%N)-.-(0%(/0%
A*5)L%51A2'()L%51%(/0%0*)3L%L0*)'%-,%(/0%(B01(50(/%+01(2)LC%%@/0%6)*(0,23%51A2'()L%2'0A%/5'%5.*60%*'%
*1%5+-1%-,%B/*(%5(%.0*1(%(-%&0%*1%$.0)5+*1%/0)-C!
/Q.995&!\($9+!!'()*!1234$(530*+!!'$.=7329!32!07$!>)50@)8$(2!;(.R!!H328329!6$.2329!
'7()<97!A($.034$!A)%%.#)(.034$!A7.)5
@0*+/516%51(0).0A5*%+-2)'0'%/*'%&001%-10%-,%(/0%.-'(%+/*33016516%L0(%)0B*)A516%+-2)'0%
*''561.01('%,-)%(/5'%51'()2+(-)C% ]1A0)'(*1A*&3L%'-%'51+0%(/5'%51'()2+(-)%*NN350A%,-)%/5'%+2))01(%
N-'5(5-1%B/5+/%B*'%*AK0)(5'0A%*'%$''5'(*1(%g)-,0''-)%51%@)*1'=40A5*C%
$'%N*)(%-,%*1%*)(%*1A%A0'561%(0*.%(/*(%+-1(5120'%(-%A0K03-N%511-K*(5K0%+-2)'0%-,,0)516'7%(/5'%
N)0'01(0)%/*'%,-21A%&-(/%(/0%()52.N/'%-,%'(2A01(%'2++0''%*1A%(/0%*6-1L%-,%2151'N5)516%
)062)65(*(0A%'(2A01(%B-)SC%$'%(0*+/0)'%35S0%/5.%*((0.N(%(-%+)0*(0%*1A%A0K03-N%+-33*&-)*(5K0%*1A%
/L&)5A%30*)1516%01K5)-1.01('7%/-B%A-0'%-10%6010)*(0%+/*33016516%51(06)*(0A%N)-V0+('%(/*(%
A0K03-N%*)(5'(5+%511-K*(5-1'%B/530%*(%(/0%'*.0%(5.0%A0.*1A%*((01(5-1%(-%+)*,(%*1A%.0*1516`% F-B%
A-%(/0'0%51'()2+(-)'%-,%+-33*&-)*(5K0%+-2)'0'%N)-+)0*(0%*)(5'('%(/*(%*)0%B533516%(-%(*S0%)5'S'%*1A%
0RN0)5.01(7%L0(%+-1(5120%(-%A0K03-N%K5'2*3%(0+/15Y20%*1A%'S533`%@/5'%N)0'01(0)%B533%'/*)0%'-.0%
(0'(0A%51'()2+(5-1*3%.-A03'%(/*(%01+-2)*60%+-33*&-)*(5-1%*1A%/L&)5A5Q*(5-1%B5(/-2(%+-.N)-.5'516%
+)0*(5K5(L%-)%+)*,(C!
/%.2Q.(8!A398$@+! L$50!S3(9323.!/0.0$!1234$(530*+! 8#4)&&1!)5!=#<&R!"!J$5)<(=$:<%!"??().=7!
0)!H3%@@.Q329!32!.!/@.%%!')-2!
:+Z3&&$!3#!P+%&%5'%*1%51A0N01A01(%,0*(2)0%,53.%(/*(%B*'%N)-A2+0A%51%F21(516(-17%89%51%Z210%>??jC%
@/0%,53.7%(-%&0%)030*'0A%51%,*33%>??<7%&)-26/(%*%B)5(0)aA5)0+(-)%,)-.%DO#7%*%+510.*(-6)*N/0)%,)-.%
!0*((307%*%6*,,0)%,)-.%@-)-1(-7%*1A%'0K0)*3%-(/0)%+)0B.0.&0)'%,)-.%*)-21A%(/0%+-21()L%(-%
F21(516(-1C% $%+3-'0%+-33*&-)*(5-1%&0(B001%.L'03,7%*'%(/0%3-+*3%N)-A2+0)7%*1A%(/0%1-1=3-+*3%
+)0*(5K0%(0*.%L503A0A%*1%51(0)0'(516%0RN0)501+0%*1A%*%N)-.5'516%,53.C% @/0%'+*)+5(L%-,%)0'-2)+0'%51%
F21(516(-1%,-)+0A%2'%(-%&0%51K01(5K0q%51%(2)1%B0%B0)0%)0B*)A0A%&L%*1%*2(/01(5+5(L%(/*(%B-23A%/*K0%
&001%A5,,5+23(%(-%*+/50K0%'-.0%N3*+0%03'0C% !-.0%-,%(/0%215Y20%*AK*1(*60'%51+32A0A%3-+*3%*+(-)'%
B5(/%(/05)%6012510 80'(%95)6515*%(B*167%3-+*3%.2'5+5*1'%B5(/%(/05)%-)5651*3%.2'5+%*1A%*%+2)5-2'%*1A%
'2NN-)(5K0%+-..215(LC%
@/5'%N)0'01(*(5-1%51(01A'%(-%'/*)0%(/5'%0RN0)501+0%*'%5(%*1'B0)'%(B-%+01()*3%Y20'(5-1'c
• 8/*(%*)0%(/0%*AK*1(*60'%*1A%A5'*AK*1(*60'%-,%N)-A2+516%*%,0*(2)0%,53.%51%*%'.*33%(-B1`
• 8/*(%*)0%(/0%&010,5('%*1A%+/*330160'%,-)%(/0%*)(5'('%*1A%(/0%+-..215(L%51K-3K0A`!
/%.4$2&!63=7.$%+!!A.%3:)(23.!1234$(530*!):!>$225*%4.23.+!!>)-$(!.28!07$!"(=730$=0<(.%!
>()=$553)2.%R! ,[email protected])2!.28!07$!/.%%$!8$5!\%.=$5%
@/0%*2(/-)5(L%-,%S516'%5'%-,(01%.*15,0'(0A%51%(/0%'L.&-35+%5(0.'%-,%*%S516v'%)06*35*c% -)&7%'+0N(0)7%
*1A%+)-B1C% W-25'%eE97%/-B0K0)7%.*A0%(/0%'L.&-3'%-,%/5'%.-1*)+/L%0K01%6)*1A0)%(/)-26/%(/0%
)0N0*(0A%2'0%-,%*)+/5(0+(2)*3%N)-+0''5-1%0R0.N35,50A%&L%/5'%N*3*+0%*(%90)'*5330'C% "K0)L%,0*(2)0%-,%
(/0%N*3*+07%/-.0%(-%(/0%.-1*)+/L%*,(0)%;jrI7%+*))50'%*%.0''*60%-,%*2(/-)5(L7%6)*1A02)7%*1A%
51(5.5A*(5-1C% M-)%0R*.N307%(/0%*NN)-*+/0'%(-%(/0%N*3*+0%B0)0%A0'5610A%(-%-K0)*B0%(/0%K5'5(-)%
(/)-26/%'/00)%3016(/7%A5'*NN0*)516%*(%(/0%&)51S%-,%(/0%/-)5Q-1C% W0%D…()0v'%(56/(3L%'+)5N(0A%
3*1A'+*N0'%/*K0%3-16%&001%)0+-615Q0A%,-)%(/05)%21A0)3L516%.0''*60%(/*(%(/0%!21%X516%+-1()-330A%
0K01%1*(2)0%5('03,7%&01A516%5(%(-%/5'%B533C% @/0%N)-+0''5-1*3%,0*(2)0'%-,%(/0%0R(0)5-)%*1A%6)-21A'%-,%
(/0%N*3*+0%*)0%35S0B5'0%N*)*33030A%B5(/51%(/0%N*3*+0C%
@/0%.-'(%A5)0+(%'(*(0.01(%-,%)-L*3%N-B0)%*1A%51(5.5A*(5-1%5'%,-21A%51%(/0%!*330%A0'%[3*+0'==*%
3016(/L%N)-6)0''5-1%(/)-26/%A*QQ3516%356/(7%&-(/%A5)0+(%*1A%)0,30+(0A7%(/*(%*3.-'(%&351A0A%K5'5(-)'%
*'%(/0L%*NN)-*+/0A%(/0%'0*(%-,%(/0%.-1*)+/LC% @/5'%N*N0)%B533%*)620%(/*(%(/0%'N0+5,5+%,0*(2)0'%-,%
(/0%N)-+0''5-1*3%-,%(/0%F*33%-,%45))-)'%B0)0%A0'5610A%'0Y201(5*33L%(-%01,-)+0%(/0%N0)+0N(5-1%-,%(/0%
S516v'%.*V0'(L%&L%/5'%A5N3-.*('7%+-2)(50)'7%*1A%'2NN35+*1('C
/@307&!C$235$+!!/.4.22.7!A)%%$9$!):!"(0!.28!C$5392&!"0%.20.+!!J)=Q!"(0!):!\$)(93.%
E%*.%51(0)0'(0A%51%/-B%N0-N30%(/51S7%*1A%/-B%(/0L%51(0)*+(%B5(/%(/0%3*1A'+*N0%*)-21A%(/0.C%%E%
B*1(%'-.0%51'56/(%51(-%(/05)%35K0'%(/)-26/%51(0)N)0(*(5-1%-,%(/0%()*+0'%(/0L%30,(%51%(/0%+-1(0R(%-,%
3*1A'+*N07%(/0%.*)S'%(/0L%/*K0%.*A0C%%E.*60'%+*)K0A%-)%N*51(0A%-1%'(-10%B0)0%51(01A0A%(-%
+-1K0L%.0*15167%B/5+/%-13L%.*S0%'01'0%51%(/0%'L1(*R%-,%(/0%B/-30C%%P2(%/-B%A-0'%-10%A0,510%
(/5'%bB/-30b`%%:10%*NN)-*+/%/*'%&001%(-%0R*.510%(/0%N/L'5+*3%+-1(0R(%-,%)-+S%*)(%-1%K*)5-2'%
'+*30'7%,)-.%(/0%N*103%(-%(/0%'5(0%(-%(/0%)065-1C%%@/5'%N*N0)%B533%+-1'5A0)%)-+S%*)(%'5(0'%,)-.%
[0-)65*7%*AA)0''516%'030+(0A%5''20'%51%N3*+07%-)%3*1A'+*N07%(/0-)L%*1A%-,,0)516%'-.0%
'2660'(5-1'%,-)%,2)(/0)%(/-26/(%*1A%A5'+2''5-1C!
/@307&!P.07$(32$+!!"92$5!/=)00!A)%%$9$+!!V'7$!6)4329!;*$!32!07$!6)4329!G)8*WR!
6)#3%3E329!>$(5?$=034$5!)2!07$!"@$(3=.2!B.285=.?$%
E1!P&*'$+$7!%'#8!P*4!0&7*4%G;n<>H7%^-&0)(%901(2)57%_015'0%!+-((%P)-B17%*1A%!(0K01%EQ01-2)%
0R*.510%(/0%*)+/5(0+(2)*3%'L.&-35'.%-,%(/0%+-1(0.N-)*)L%+-..0)+5*3%01K5)-1.01(%,)-.%.23(5N30%
N0)'N0+(5K0'7%1-(*&3L%,)-.%*%K0/5+30%()*K03516%*3-16%(/0%'()5NC%%@/0%*)+/5(0+('%)0+-615Q0%(/0%'/5,('%
51%N0)+0N(5-1%*1A%(/0%10+0''*)L%+/*160'%51%*)+/5(0+(2)*3%+-..215+*(5-1%10+0''5(*(0A%&L%(/5'%
.-&535Q0A%N0)'N0+(5K0C%%M-)%901(2)57%!+-((%P)-B17%*1A%EQ01-2)7%*'%K5'5-1%5'%,21A*.01(*33L%
+-)N-)0*3%'-%(--%*)+/5(0+(2)0%*'%'L.&-35+%+-..215+*(5-1%-)6*15Q0'%*1A%A5)0+('%5('03,%(-%(/0%'N00A%
*1A%+-1(51601+50'%-,%.-A0)1%35,07%(-%&-A50'7%2'2*33L%51%.-(5-1C%
8/530%(/0%(0R(%-,!P&*'$+$7!%'#8!P*4!0&7*4%51+32A0'%A5'+2''5-1'%-,%*)+/5(0+(2)*3%'L.&-35'.%(/*(%
N)5K53060%(/0%+*)7%(/0%5.*60'%)0+-)A%(/0%01K5)-1.01(%*1A%*3'-%5.N3L%.-K0.01(C%%@/0%
N/01-.01-3-65+*3%Y2*35(50'%B0)0%51,3201+0A%&L%(/0%'+23N(2)0%-,%#3*0'%:3A01&2)6%*1A%(/0%
N/-(-6)*N/L%-,%"A%^2'+/*C%%$'%(/0%*)+/5(0+('%*+S1-B30A607%(/05)%*)(5'(5+%N)0+0A01('%A-%1-(%
'5.N3L%)0N)0'01(%(/0%'2&V0+(%.*((0)%-,%A*53L%35,0%&2(%*3'-%*((0.N(%(-%)0N35+*(0%(/0%35K0A%0RN0)501+0'%
-,%A0N5+(0A%01K5)-1.01('C%%@/5'%*)(7%0'N0+5*33L%^2'+/*\'7%(/2'%51,-).0A%(/0%0,,0+('%-,%'N0+(*(-)5*3%
51+32'5-1%*1A%N0)+05K0A%.-(5-1%51!P&*'$+$7!%'#8!P*4!0&7*4%*1A!:+7$4!#%!P+%&,!:58O#.4!+$!3)&!
28&'+(*$!"+35G%*%)03*(0A%0R/5&5(5-1%*(%(/0%^01B5+S%[*330)L7%!.5(/'-15*1%E1'(5(2(5-1%51%;n<jC!
/@307&!J<50*+!!"<#<(2!1234$(530*+!!B$.(2329!0)!/-3@!32!.!H3$%8R!G(389329!07$!\.?!G$0-$$2!
N15O$&%;&!.28!N15OLP5O%
E1%(-A*L\'%63-&*3%B-)3A7%'(2A01('%*)0%,*+0A%B5(/%5''20'%A0.*1A516%*%&)-*A%'0(%-,%/*&5(2*3%5A0*3'C%
85(/51%G&2(%A5'(51+(%,)-.H%(/0%'S533'%'(2A01('%30*)1%51%'(2A5-%G-)(/-6)*N/5+%*1A%,)00/*1A%A)*B5167%
.-A03%&253A5167%)0'0*)+/%.0(/-A'%*1A%)0'-2)+0'7%'(2A5-%.*(0)5*3'%*1A%.0(/-A'7%*1A%A0'561%
,3201+LH%(/0'0%/56/0)=30K03%/*&5(2*3%5A0*3'%+*11-(%&0%A035K0)0A%A5)0+(3L7%&2(%.2'(%&0%*NN)-*+/0A%51%
*1%51A5)0+(7%N0)'5'(01(%.*110)C%8/530%A5)0+(%51'()2+(5-1%51K-3K0'%*%A035&0)*(0%A5'+2''5-1%-)%
*''561.01(!*O#;3%*%N*)(5+23*)%5A0*7%51A5)0+(%51'()2+(5-1%A0*3'%B5(/%+-1(01(%(/*(%.*L%-13L%&0%
+-1K0L0A%(/)-26/%(/0%N)5.*)L%*1A%*2(/01(5+%0RN0)501+0'%-,%35,0%5('03,C% "RN35+5(7%A5)0+(%51'()2+(5-1!
*O#;3%*%'2&V0+(%5'%1-(%(/0%'*.0%*'%(/0%*NN35+*(5-1%-,%5A0*'%A2)516%)0*37%N)-&30.*(5+%'5(2*(5-1'C%
@/5'%51(0)'0+(5-1%&0(B001!=$#>.&/7&%*1A!=$#>W)#>%5.N350'%*%+0)(*51!&8O#/+8&$3!#%!=$#>.&/7&%
*1A%A0.*1A'%*%/*1A'=-1%*NN)-*+/%(-%30*)1516C%80%A-%1-(%/*K0%(-%6-%,*)%*,503A%(-%0RN-'0%-2)%
'(2A01('%(-%(/0'0%63-&*3%+5)+2.'(*1+0'%=%B0%+*1%A035K0)%(/0'0%bN)5.*)L%*1A%*2(/01(5+b%
0RN0)501+0'%3-+*33L%B5(/51%-2)%-B1%'(2A5-'C% $AA)0''516%'-.0%-,%(/0%0(/5+*3%5.N35+*(5-1'%-,%A0'561%
51%(-A*L\'%63-&*3%B-)3A7%(/5'%N)0'01(*(5-1%B533%N*L%N*)(5+23*)%*((01(5-1%(-%(/0%0RN0)501+0'7%
S1-B30A60%*1A%'S533'%(/*(%*)0%100A0A%&L%+2))01(%A0'561%'(2A01('%*3-16%B5(/%0,,0+(5K0%(0*+/516%
'()*(0650'%51%A035K0)516%'2+/C!
/0.2Q)&!F)72+!1234$(530*!):!U$#(.5Q.!.0!P$.(2$*+! /0)(*0$%%329!'7()<97!,@.9$(*%
85(/%(/0%)5'0%-,%*%.-)0%63-&*3%+23(2)07%(/0%K5'2*3%1*))*(5K0%/*'%&0+-.0%*%K*32*&30%B*L%-,%
+-..215+*(5-1%51%(/0%B-)3AC%E(%5'%0''01(5*3%(/*(%(/0%*)(5'('%*1A%A0'5610)'%-,%(-.-))-B%&0%*&30%(-
2'0%(/5'%K5'2*3%3*162*60C%PL%0RN3-)516%+)0*(5K0%.0(/-A'%-,%1-1=()*A5(5-1*3%'(-)L(0335167%*1A%
&0+-.516%*1%5.*60=.*S0)7%*2(/-)'%+*1%6)-B%&0L-1A%(/0%35.5('%-,%()*A5(5-1*3%35(0)*(2)0C%4L%
N)0'01(*(5-1%B533%,-+2'%-1%K5'2*3%.0(/-A'%-,%'(-)L(0335167%51%B/5+/%0K01%(/0%(LN-6)*N/L%&0+-.0'%
T5.*60CU%@/5'%*''561.01(%/0*K53L%0.N/*'5Q0'%)0'0*)+/%*1A%.*S516%-)5651*3%5.*60'7%+/*33016516%
(/0%'(2A01('%(-%+)0*(0%*%1*))*(5K0%(/*(%5'%51'N5)0A%,)-.%*%.0(/-A%-,%()*1'N-)(*(5-1C%]'516%-13L%-10%
IjR>J%N50+0%-,%N*N0)7%(/0L%*)0%01+-2)*60A%(-%+2(7%,-3A7%'(*N30%0(+C%(/0%'/00(%51%*1L%B*L%(/*(%/03N'%
(-%T(033%(/0%'(-)LCU%@/5'%*33-B'%'(2A01('%(-%B-)S%-1%*%+-1+0N(2*3%30K03%,)-.%(/0%K0)L%&06511516%-,%
(/05)%N)-+0''C%@/0L%*)0%01+-2)*60A%Y20'(5-1%0K0)L(/516%*&-2(%(/0%&--S7%51+32A516%/-B7%-)%0K01%5,7%
5(%'/-23A%&0%&-21AC%F0*KL%0.N/*'5'%5'%N3*+0A%-1%-)5651*3%5.*60'7%(-%,-)+0%'(2A01('%(-%/*K0%*%
.-)0%51(5.*(0%)03*(5-1'/5N%B5(/%(/05)%+/-'01%(-N5+q%*%S0L%*'N0+(%-,%6--A%A0'561C%M-)%0K5A01+0%-,%
(/5'%N)-+0''%*1A%.0(/-A-3-6L7%0R*.N30'%-,%'(2A01(%B-)S%B533%&0%'/*)0AC!
/0)(Q$(5)2&!>$0$(+!!/)<07$(2!,%%32)35!1234$(530*+!!G<3%8329!.!A)@@<230*!/$(43=$!
K(9.23E.03)2!#*!C$5392%
@/5'%N*N0)%A0'+)5&0'%*%(B-=N*)(%N)-%&-1-%N)-V0+(c%;C%^0'0*)+/%*1A%*1*3LQ0%*1%-)6*15Q*(5-1%G@/0%
8-.01v'%#01(0)7%#*)&-1A*30H%*1A%N)-(-(LN0%(/0%/*1A&--S%,-)%*%.*V-)%+*N5(*3%+*.N*561q%>C%
^0A0'561%5('%B0&%'5(0%(-%)0,30+(%(/0%100A'%-,%(/-'0%B/-%2'0%5(C% g)-V0+(%-10%B*'%21A0)(*S01%&L%
(B-%N)-,0''5-1*3%A0'5610)'7%B/530%N)-V0+(%(B-%B*'%0R0+2(0A%&L%*%'(2A01(%*'%51A0N01A01(%'(2ALC%
P-(/%N)-V0+('%*AA)0''0A%0''01(5*3%100A'c%;C%P253A%*%10B%'/03(0)%*1A%>C%"1*&30%+3501('%m'2)K5K-)'%
-,%A-.0'(5+%K5-301+0%*1A%'0R2*3%*''*23(%*1A%(/05)%+/53A)01m*1A%+-..215(L%
K-321(00)'a'2NN-)(0)'%(-%,51A%(/0%+01(0)\'%'0)K5+0'7%K-321(00)%*1A%'2NN-)(%-NN-)(215(50'C% P-(/%
N)-V0+('%2'0A%0R(01'5K0%51(0)K50B'%*1A%A*(*%+-330+(5-1%(-%A0,510%(/0%+01(0)v'%*+(5K5(50'%&*'0A%-1%
*+(2*3%N)*+(5+0'C% @/0%N)-(-(LN0%/*1A&--S%N)0'01(0A%(/0%-)6*15Q*(5-17%5('%,21+(5-1'7%'0)K5+0%(-%(/0%
+-..215(L7%*1A%100A'C% E(%'()016(/010A%(/0%+01(0)%&L%65K516%0.N3-L00'%*%)0K0*3516%-K0)K50B%-,%
(/0%-)6*15Q*(5-1%*1A%01*&30A%(/0.%(-%'2++0'',233L%3*21+/%(/0%+*.N*561C% M-)%(/0%'0+-1A%N)-V0+(7%
(/0%'(2A01(%)0'0*)+/0A%(/0%*+(2*3%N*((0)1'%-,%+-..215+*(5-1%&0(B001%(/0%+01(0)7%+3501('%*1A%(/0%
+-..215(L7%*1A%B5(/%(/*(%+-1'()2+(0A%*%B0&%'5(0%(/*(%*AA)0''0'%(/0%100A'%-,%0*+/%6)-2N%*'%5,%5(%
B0)0%A0'5610A%0'N0+5*33L%,-)%(/0.C%E(%5'%+2))01(3L%51%2'0C% @/5'%N)-+0''%+-23A%0*'53L%&0%)0N35+*(0A%
03'0B/0)0C!
/0(<#$&!U.2=*+!!S3(9323.!A)@@)2-$.%07!1234$(530*+!!;@?3(3=!/0<83$5!):!H)=.%!.28!
>$(3?7$(.%!S353)2%
M-+*3%*1A%N0)5N/0)*3%K5'5-1%51,3201+0%/-B%B0%'00%*1A%(/51SC%%$1%*B*)010''%-,%(/0'0%'(*(0'%*33-B'%
,-)%-N(5.*3%2'0%-,%*%'N0+5,5+%'(*(0%*(%*NN)-N)5*(0%(5.0'C%%M-+*3%*1A%N0)5N/0)*3%K5'5-1%*)0%
)0+-615Q0A%&L%!*33L%!B5,(%51%/0)%10B%*NN)-*+/%(-%/-)'0&*+S%)5A516C%%!/0%(0).'%,-+*3%K5'5-1%T/*)A%
0L0'U%*1A%N0)5N/0)*3%K5'5-1%T'-,(%0L0'U7%*1A%B5(/%(/0'07%(0*+/0'%)5A0)'%(-%&0((0)%016*60%(/0%/-)'0C%
g0)5N/0)*3%K5'5-1%+*2'0'%(/0%)5A0)%(-%'-,(01%*1A%35,(%(/0%'N510%0R(01A516%(/0%K50B%-,%(/0%)5A0)C%
M-+*3%K5'5-1%*33-B'%,-)%A5'(51+(5-1%-,%,-).C%
$'%*%'(2A01(%-,%(/5'%)5A516%.0(/-A7%E%*NN3L%5(%(-%.L%+)0*(5K5(L%'()*(0650'%+3*''%51%6)*N/5+%A0'561%*(%
95)6515*%#-..-1B0*3(/%]15K0)'5(LC%%80%/*K0%()50A%*%N30(/-)*%-,%*NN35+*(5-1'c%+-3-)%+/-5+07%
A)*B5167%A)5K5167%(*3S5167%*1A%-(/0)%*'N0+('%-,%A*53L%35,0C%%"R*.N30'%51%'00516%*1A%A)*B516%,51A%(/*(%
N0)5N/0)*3%K5'5-1%'00.'%(-%*++01(2*(0%(/)00%A5.01'5-1'%B/530%,-+*3%K5'5-1%'00.'%(-%,3*((01%'N*+0C%
#/*16516%'(*(0'%-,%K5'5-1%'00.'%(-%+/*160%(/51S516%,)-.%*%+*3.%(-%*%.-)0%+)5(5+*3%'(*(0C%P0516%
*B*)0%-,%K5'2*3%'(*(0'%*33-B'%,-)%.-)0%+-1()-3%B/01%N0),-).516%A*53L%(*'S'%30*A516%(-%.-)0%
A0'5)*&30%-2(+-.0'C%%@/0%6-*3%-,%(/5'%N)0'01(*(5-1%5'%(-%A0.-1'()*(0%(/0'0%K5'2*3%'(*(0'%&L%
016*6516%(/0%*2A501+0%51%'5.N30%0R0)+5'0'C
/-.25)2&!B$.%.2+!!F.=Q5)2!/0.0$!1234$(530*+!!K(3$20.%35@!.28!07$!J0'!0$!:($0.R!"!
G.=Q9()<28!:)(!"(0!.28!"(0!N350)(*!
C,C!UK'!>J;/;U'!
'.)(@32.&!F)72+! C<Q$!1234$(530*+! L7$2!;.50!6$$05!L$50&!"9.32R!!A)%%.#)(.034$!C3930.%!
,@.9$!C$%34$(*!.0!C<Q$!1234$(530*+%
@/5'%N*N0)%B533%A5'+2''%/-B!<-S-f-;=&%'(*)(=2N%+-330+(5-1'%B0)0%A0K03-N0A%'5.23(*10-2'3L%&L%
(/0%_0N*)(.01(%-,%$)(7%$)(%F5'(-)L%o%95'2*3%!(2A50'%*1A%(/0%_0N*)(.01(%-,%#3*''5+'q%/-B%(/0%
4033-1%9!E%6)*1(%N)-K5A0A%,-)%(/0%35+01'516%-,%(/0%+-.N30(0%!*'S5*%W(AC%*1A%$)+/5K5'5-1%E1+C%A565(*3%
+*(*3-6'%Gff7???%5.*60'H%*1A%(/05)%'2&'0Y201(%51+32'5-1%*'!<-S-f-;=&%+-330+(5-1'q%*1A%/-B%
(/0%4_E_%N)-6)*.%5'%&0516%+-1'5A0)0A%*'%N*)(%-,%*%N)-N-'0A%+*.N2'=B5A0%A565(*3%5.*6516%
A035K0)L%'()*(06L%+--)A51*(0A%(/)-26/%(/0%95'2*3%!(2A50'%E15(5*(5K0C%
E1%>??>%(/0%95'2*3%^0'-2)+0'%#01(0)%G9^#H%*(%_2S0%N*)(10)0A%B5(/%(/0%]15K0)'5(L\'%g0)S51'%
W5&)*)L%(-%A0K03-N%(/0%_2S0%E.*60%P*'0%G_EPH%2'516%W21*%E.*6516\'%E1'56/(%'-,(B*)0C% E1%>??f%
g0)S51'%W5&)*)L%A5'+-1(5120A%.*51(*51516%(/0%E1'56/(%'L'(0.%*1A%(/0%0R5'(516%_EPC% @/0%9^#%(/01%
)0='(*)(0A%(/0%N)-+0''%&L%'030+(516%(/0%4*A5'-1%_565(*3%E.*60%_*(*&*'0%G4_E_H%'-,(B*)0C%%@/0%
_0N*)(.01(%-,%#3*''5+'%*3'-%V-510A%(/0%4_E_%N)-V0+(%*'%(/0L%A565(5Q0%(/05)%'35A0%+-330+(5-1C!
<-S-f-;=&%B*'%&-)1C%%_2)516%>??j%G(/0%4_E_%5.N30.01(*(5-1%N0)5-AH7%_2S0%]15K0)'5(L%*3'-%
)0+05K0A%*%4033-1%M-21A*(5-1%6)*1(%(-%'2NN-)(%(/0%215K0)'5(L\'%10B%95'2*3%!(2A50'%E15(5*(5K0%G9!EHC%
$'%4_E_%B01(%35K0%51%Z*12*)L%>??<7%(/0%9!E%&06*1%(-%51K0'(56*(0%*%10B%+*.N2'=B5A0%A565(*3%
A035K0)L%'()*(06L7%51K-3K516%*33%+-33060'7%'+/--3'7%*1A%35&)*)50'C!
'$(()2)&!;43$+! J.28)%?7I6.=)2!A)%%$9$!" K<(!/.4.9$!G($07($2R!U.034$!"@$(3=.25!)2!S3$-!
C<(329!07$!A343%!L.(%
E1%(/0%,*+(5-2'%+35.*(0%-,%(/0%$.0)5+*1%#5K53%8*)7%(/0%!*15(*)L%M*5)'7%/03A%,)-.%;rjI%21(53%;rjf%
(/)-26/-2(%(/0%'(*(0'%-,%(/0%]15-17%'-26/(%(-%215(0%A5K0)'0%*1A%-,(01%5A0-3-65+*33L%-NN-'516%
N-N23*(5-1'%&L%+030&)*(516%N*'(%*++-.N35'/.01('7%*33%(/0%B/530%N)-.-(516%1*(5-1*3%215(L%51%'N5(0%
(/0%+-1,35+(7%*1A%'2NN-)(516%(0))5(-)5*3%0RN*1'5-1%B5(/51%(/0%+-1(5101(*3%&-21A*)50'%*1A%&0L-1AC%
@/0%!*15(*)L%M*5)'%,0*(2)0A%'-.0%-,%(/0%0*)350'(%*1A%51(01'03L%N-35(5+5Q0A%0R/5&5(5-1'%-,%D*(5K0%
$.0)5+*1'7%(/05)%35,07%+2'(-.'%*1A%*)(5,*+('q%(/0'0%0R/5&5('%+-1()5&2(0A%'5615,5+*1(3L%(-%(/0%
.-10(*)L%'2++0''%-,%(/0%,*5)'7%&2(%*3'-%*,,5).0A%A00N3L%01'+-1+0A%N)0V2A5+0'%*&-2(%D*(5K0%
$.0)5+*1'C% E1%+-1(0.N-)*)L%)0N-)(-)5*3%*1A%K5'2*3%*++-21('%-,%(/0%0R/5&5('%51%(/0%!*15(*)L%,*5)'7%
D*(5K0%$.0)5+*1'%B0)0%-,(01%K535,50A%-)%*3(0)1*(5K03L%51,*1(535Q0A7%'-%*'%(-%+-))0'N-1A%(-%N)0K*301(%
1*))*(5K0'%(/*(%N)-'+)5&0A%1*(5K0%$.0)5+*1'%*'%+/53A)01%(-%&0%+*)0A%,-)7%-)%*'%(/)0*(01516%'*K*60'%
B/-'0%A-.51*(5-1%*1A%0K01%0R(51+(5-1%&L%(/0%'2N0)5-)%$163-=!*R-1%$.0)5+*1'%B*'%(/0%23(5.*(0%
'*(5',*+(5-1%-,%4*15,0'(%_0'(51LC% @/5'%N*N0)%B533%0R*.510%(/0%.-A0'%-,%N)0'01(*(5-1%-,%D*(5K0%
$.0)5+*1'%B5(/51%(/0%!*15(*)L%,*5)'%*1A%(/0%'2&'0Y201(%5.N*+(%-,%(/0'0%0R/5&5(5-1'%-1%'5.53*)%
0K01('%B5(/51%3*(0%1510(001(/%+01(2)L%$.0)5+*1%8-)3A\'%,*5)'C!
'7.*$(&!>($50)2+! J.8:)(8!1234$(530*!"(0!6<5$<@+! S35<.%!6$0.?7)(!.28!"(=730$=0<($%
E1%;jff7%(/0%$)5'(-(035*1%'+/-3*)%".*12030%@0'*2)-%-,,0)0A%(/5'%A0,515(5-1c% T$%.0(*N/-)%N*+S'%(56/(3L%
*33%-&V0+('%51(-%-10%B-)A%*1A%.*S0'%L-2%'00%(/0.%-10%51'5A0%(/0%-(/0)%51%*1%*3.-'(%.5)*+23-2'%B*L7
*1A%L-2)%A0356/(%5'%(/0%6)0*(0)%&0+*2'0%5(%5'%*%.-)0%+2)5-2'%*1A%N30*'*1(%(/516%(-%B*(+/%.*1L%-&V0+('%
,)-.%*%N0)'N0+(5K0%*1630%(/*1%5,%(/0%-)5651*3'%(/0.'03K0'%B0)0%(-%N*''%'2++0''5K03L%&0,-)0%L-2)%
0L0'CU% @0'*2)-%&0350K0A%'2+/%*%+-.&51*(5-1%-,%210RN0+(0A%5.*60'%N)-A2+0A%*%N0)+0N(5-1%.-)0%
'(5.23*(516%(/*1%)*(5-1*3%()2(/C%
E1%*A-N(516%*%'()*(06L%-,%*)+/5(0+(2)*3%+*)5+*(2)07%g/53*A03N/5*%*)+/5(0+(%M)*1S%M2)10''%G;rIn=;n;>H%
B-)S0A%(-%TN*+S%(56/(3LU%*%12.&0)%-,%(/516'%51(-%/5'%&253A516'7%*'%/0%+)0*(0A%*%10B%*)(5'(5+%'L1(*R%-2(%
-,%*1%0R5'(516%K-+*&23*)LC% @/0%51/0)5(0A%.0*1516'%-,%*)+/5(0+(2)*3%3*162*60%B0)0%/03N,233L%l%&2(%*3'-%
,)2'()*(5163L%l%*&21A*1(%51%1510(001(/=+01(2)L%$.0)5+*C% M2)10''%*A*N(0A%*1A%A5'(-)(0A%"2)-N0*1%
*)+/5(0+(2)0%K-+*&23*)L%*1A%'L1(*R%(-%Y20)L%(/0%K*3207%51%*%)*N5A3L%51A2'()5*35Q516%0)*7%-,%*)+/5(0+(2)*3%
A0'561%(/*(%A0N01A0A%-1%/5'(-)5+*3%,-).'%GB/0(/0)%+3*''5+5Q516%-)%[-(/5+HC% M2)10''\'%A0'561'%G,-)%
&*1S'7%,-)%)*53)-*A%'(*(5-1'H%*A-N(0A%(/0%*AA5(5K0%'L'(0.%-,%.*+/510%+-1'()2+(5-1C% @/5'%N*N0)%B533%
-2(3510%M2)10''\'%2'0%-,%.*+/510%*1A%&-AL%.0(*N/-)'%(-%2N=01A%*)+/5(0+(2)*3%*NN)-*+/0'%*1A%
+030&)*(0%(/0%/2)3L=&2)3L%-,%(/0%.-A0)1%$.0)5+*1%+5(LC!
'7350%$07-.30$&!6.(Q+! '$D.5!A7(3503.2!1234$(530*+! "@$(3=.2!N350)(*!.5!h>3=0)(3.%!
;@#$%%357@$20M!32!U32$0$$207IA$20<(*!\3:0!G))Q5%
$%10630+(0A%*'N0+(%-,%1510(001(/=+01(2)L%$.0)5+*1%K5'2*3%+23(2)0%5'%(/0%'(2AL%-,%016)*K516'%-,%
$.0)5+*1%/5'(-)L%,-21A%51%65,(%&--S'C% "R()*-)A51*)53L%N-N23*)%&0(B001%;r>f%*1A%;rjf7%B5(/%-K0)%*%
(/-2'*1A%(5(30'%N2&35'/0A7%65,(%&--S'%,21+(5-10A%*'%#/)5'(.*'%*1A%D0B%O0*)\'%N)0'01('%(-%B-.01C%
8/*(%.*A0%(/0'0%'.*33%&--S'%'N0+5*3%B0)0%(/0%TN5+(-)5*3%0.&0335'/.01('U%51(0)'N0)'0A%*.-16%
^-.*1(5+7%.-)*35Q516%*1A%2N35,(516%N)-'0%*1A%N-0()LC% E.*60'%51+32A0A%N-)()*5('7%601)0%'+010'7%
3*1A'+*N0'7%.L(/-3-65+*3%*1A%&5&35+*3%'2&V0+('7%*1A%)0N)0'01(*(5-1'%-,%/5'(-)LC% @/5'%N*N0)%
,-+2'0'%-1%(/0%3*((0)7%N*)(5+23*)3L%5.*60'%-,%$.0)5+*1%/5'(-)LC%
$.0)5+*1%/5'(-)5+*3%5.*60'%,0*(2)0A%51%65,(%&--S'%*)0%-,%51(0)0'(%*1A%'5615,5+*1+0%&0+*2'0%-,%(/0%
&--S'\%51(5.*(0%1*(2)0%GN)0'01('%,)-.7%(LN5+*33L7%.01%(-%B-.01H7%(/05)%N2&35+%*'N0+(%G&0516%
'5(2*(0A%51%N*)3-)'H7%*1A%(/05)%A5A*+(5+%5.N35+*(5-1'%GB-.01%N)0N*)0A%+/53A)01%,-)%+5(5Q01)LHC% 4-'(%
5.*60'%)0N)-A2+0A%+-.N-'5(5-1'%&L%'N0+5*35'('%51%/5'(-)L%N*51(5167%*%.-A0%51/0)01(3L%A5A*+(5+7%
1*))*(5K0%*1A%51'N5)5167%*1A%'00.5163L%N0),0+(%,-)%65,(%&--S%0.&0335'/.01('C% @/0%N*N0)%'2)K0L'%
(/0%)*160%-,%$.0)5+*1%/5'(-)5+*3%'2&V0+('%*1A%*1*3LQ0'%(/-'0%5.*60'%-++2))516%51%.-)0%(/*1%-10%
K-32.0C% @/0%N*N0)%*)620'%(/*(%65,(%&--S'%N3*L0A%*1%5.N-)(*1(%)-30%51%N)-K5A516%*%3*)607%N)5.*)53L%
,0.*30%*2A501+0%B5(/%5.*60'%)051,-)+516%*1A%N0)N0(2*(516%1*(5-1*35'(5+%(/0.0'7%.0.-)L%*1A%
5A0*3'C!
'7)@?5)2&!C<(.20+!!1234$(530*!):!63553553??3+!!J$835=)4$(329!07$!L7$$%%
4L%*)(%5'%51,3201+0A%&L%-&V0+('%*1A%,-).'%+)0*(0A%A2)516%(/0%E1A2'()5*3%^0K-32(5-1%*1A%(/0%
40A50K*3%g0)5-AC%%@/5'%5.*60)L7%+-.&510A%B5(/%+/53A/--A%0RN0)501+0'7%/*'%,2030A%*%6)0*(%A0*3%-,%
.L%B-)SC%%%@/0%N)0'01(*(5-1%B533%51+32A0%*%&)50,%-K0)K50B%-,%.L%N*'(%B-)S%N32'%5.*60'%-,%)0+01(%
*)(%,-+2'516%-1%(/0%B/003%,-).C!
'<@#.5&!F.5@32.+!!C<Q$!1234$(530*+! "5?$=05!):!"<07$203=30*!.28!07$!A)@?%$D30*!):!N<@.2!
/<#^$=05%
$'N0+('%-,%*2(/01(5+5(L%*)0%+01()*3%(-%(/0%A5'+2''5-1%-,%N0),-).*1+0%*)(%&0+*2'0%-,%(/0%1*(2)0%51%
B/5+/%N0),-).*1+0'%*AA)0''%(/0%51(0))03*(5-1'/5N'%&0(B001%K50B0)'%*1A%*)(5'('C%%8/01%N0),-).0A%
B5(/51%(/0%.2'02.%-)%6*330)L%'N*+07%B/5+/%5'%1-(%102()*3%-)%-&V0+(5K0%*1A%B/5+/%01+-.N*''0'%5('%
-B1%'L'(0.%-,%N-B0)%)03*(5-1'7%*)(5'('%*)0%+/*330160A%B5(/%+-1'5A0)516%+-.N30R%30K03'%-,%
.0*1516c%(/05)%-B1%*''2.N(5-1'7%(/0%K50B0)'\%N)0A5'N-'5(5-1'7%*1A%(/0%51,3201+0%(/05)%
N0),-).*1+0%/*'%-1%(/0%*2A501+0%B/-%&0+-.0'%N*)(%-,%(/0%*)(B-)SC
@/5'%N*N0)%0R*.510'%#-+-%M2'+-\'%*1A%!*1(5*6-%!50))*\'%B-)S'7%(B-%N0),-).*1+0%*)(5'('%B/-%
*AA)0''%(/0%'(*(2'%-,%'-+5*3%6)-2N'%B/-%,*+0%N-35(5+*37%0+-1-.5+%-)%'-+5*3%N0)'0+2(5-1C%%@/0%
*)(5'(\'%)0'N-1'5&535(L%(-%&0%'01'5(5K0%(-%'-+5*3%5''20'%*1A%(/0%+-.N30R5(50'%-,%/2.*1%
+-1'+5-2'10''7%*'%B033%(/0%*)(5'(\'%*&535(L%(-%N)-.N(%+)5(5+*3%(/51S516%B5(/51%(/0%K50B0)'7%5'%+01()*3%(-%
(/5'%A5'+2''5-1C%%!50))*\'%N0),-).*1+0'%+)5(5Y20%(/0%'-+5*3%'()2+(2)0'%-,%3*&-)%+-1A5(5-1'%51%
+*N5(*35'(%'-+50(50'%*1A%*AA)0''%A5K5'5-1'%-,%'N*+0%&*'0A%-1%)0'-2)+0'7%306*3%'L'(0.'%*1A%'-+5*3%
'(*1A*)A'C% !5.53*)3L7%M2'+-%0R*.510'%(/0%51'(5(2(5-1*35Q0A%)*+5'.%(/*(%'2NN-)('%5A0*'%-,%80'(0)1%
'2N)0.*+L7%*1A%(/0%&-21A*)50'%(/*(%*)0%+)0*(0A%(/)-26/%+-.N30R%'-+5*3%'L'(0.'%*1A%+23(2)*3%
&0350,'%N)0'01(%51%(/0%K0)L%'()2+(2)0%-,%0R/5&5(516%*)(%51%'*1+(5,50A%'N*+0'%'2+/%*'%.2'02.'C!
'<(2$(&!>.@$%.+!!S3(9323.!A)@@)2-$.%07!1234$(530*+! '7$!\.(8$2!):!"[email protected]$8!C$%39705%
O0*)'%*6-7%B/530%0RN3-)516%51%(/0%'-2(/7%E%N2)+/*'0A%*%&--S%51%*%65,(%'/-N%51%B/5+/%E%,-21A%(/0%
5.*60%-,%*%D*(5K0%$.0)5+*1%*)(5,*+(%l%(/0%P5)60)%,562)510C% !/0%+*N(2)0A%.L%5.*651*(5-1%(-%'2+/%*%
A06)00%(/*(%(/0%10R(%'2..0)%,-21A%.0%K5'5(516%(/0%'5(0%B/0)0%'/0%/*A%&001%,-21A%51%#*/-S5*%
4-21A'%!(*(0%g*)S7%*1A%(/01%.*1L%-(/0)%.-21A%'5(0'%*3-16%(/0%45''5''5NN5C% E%)0*A%0K0)L(/516%
B)5((01%*&-2(%/0)C%
4L%515(5*3%(/-26/(%B*'%(-%+)0*(0%*1%*15.*(5-1%&*'0A%-1%/0)%'(-)L%*1A%01K5'5-10A%*%.*''5K0%
N)-V0+(C% E1'(0*A%E%+)0*(0A%-(/0)%*15.*(5-1'%(/*(%*AA)0''0A%(/0%0*)(/7%(/0%6*)A01%51%N*)(5+23*)7%
B/5+/%/*A%'-.0%S51'/5N7%'/0%&0516%*%)0N)0'01(*(5-1%-,%(/0%"*)(/%4-(/0)C%P2(%'/0%35160)0A%51%.L%
5.*651*(5-1C% @/5'%'2..0)7%(*S516%)0,260%,)-.%*%B)5(516%N)-V0+(7%E%)0()0*(0A%(-%.L%'(2A5-%*1A%
&06*1%(-%*15.*(0%(/0%K060(*&30'%E%/*A%N2)+/*'0A%*(%(/0%3-+*3%,*).0)'\%.*)S0(C% E%*3'-%)0K5'5(0A%
'-.0%*&'()*+(%5.*60'%E%/*A%.*A0%0*)350)%,)-.%-&V0+('%'2+/%*'%'00A%N-A'7%A)50A%N0(*3'7%*1A%N)51('%
30,(%-1%N*N0)%&L%A5'+*)A0A%(0*&*6'C%!()2663516%B5(/%B/*(%(-%.*S0%-,%(/5'%+-330+(5-17%(/0%P5)60)%
N)-V0+(%)0=0.0)60A%=%'5.N35,50A7%.L(/5+7%*1A%(5.03LC!
[email protected]&!10$!.28!63%%$(&!A.07*+!!A)%<@#3.!A)%%$9$+!!'$.=7329!"??($=3.03)2!:)(!
07$!"(05!07()<97!.!A)20$@?)(.(*!6$83<@R!!H3%@5!#*!,20$(2.03)2.%!L)@$2!H3%@@.Q$(5%
@/0%*K0)*60%$.0)5+*1%'(2A01(%S1-B'%35((30%(-%1-(/516%*&-2(%(/0%K5'2*3%*)('C%%4-'(%'(2A01('%/*K0%
10K0)%K5'5(0A%*%.*V-)%*)(%.2'02.7%*1A%-13L%S1-B%,*.-2'%*)(%B-)S'%(/)-26/%N-N23*)%35(0)*(2)07%
'2+/%*'%W0-1*)A-%A*%951+5\'!P*43!:;EE&'%(/)-26/%_*1%P)-B1\'!-*!0+$(+!"#/&C%%F-B0K0)7%*33%-,%
(/0.%B*(+/%.-K50'C%%8/530%,53.%5'%*%.0A52.%(/*(%5'%'/*)0A%&0(B001%(/0%"1635'/%*1A%(/0%$)(%
_0N*)(.01('7%5(%5'%A-2&(30''3L%K5'2*3%*1A%)0,30+('%(/0%+23(2)0%-,%(/0%,53..*S0)'7%'-+50(L7%*1A%
/5'(-)LC%%8/*(%5'%5(%(/*(%'(2A01('%+*1%30*)1%,)-.%,53.'`%%_-%(/0L%2'2*33L%(/51S%*&-2(%B/*(%(/0L%
B*(+/%*1A%A-%(/0L%+-.N*)0%(/05)%0RN0)501+0'%&0L-1A%'2N0),5+5*3%+-..01('`%
$%+3*''%-1%51(0)1*(5-1*3%B-.01%,53..*S0)'%N)-K0A%(-%()23L%+/*330160%'(2A01('\%N0)+0N(5-1'%*1A%
21A0)'(*1A516'%-,%.-K50'C% !(2A01('%B0)0%,-)+0A%(-%B*(+/%,53.'%(-%(/0%01A%(/*(%(/0L%10K0)%B-23A%
/*K0%,515'/0A%-2('5A0%-,%+3*''C%%@-%(/05)%-B1%'2)N)5'07%(/0L%30*)10A%(-%)0K5'0%(/05)%-N515-1'%51%+3*''%
A5'+2''5-1'C%%@/0L%30*)10A%(-%)0+-615Q0%E.N)0''5-15'.%*1A%!L.&-35'.%51!-*;7)3&'4!#%!3)&!-;437%
*1A%(/0L%30*)10A%(-%A5,,0)01(5*(0%&0(B001%_00N*%40/(*\'!@+'&%*1A!:E+/&'8*$!gC%%P2(%A-0'%5(%
.*S0%'01'0%(-%A5'+2''%63-&*3%5''20'%-)%B-.01\'%5''20'%51%*%+-1(0.N-)*)L%.0A52.%51'(0*A%-,%
*1*3LQ516%B-)S'%-,%(/0%*)(%/5'(-)5+*3%+*1-1`!
L.%%32&!6.007$-+!!S3(9323.!A)@@)2-$.%07!1234$(530*+!!"(0!.28!A)@@$(=$!"($!U)0!6<0<.%%*!
;D=%<534$%
$)(%*1A%+-..0)+0%*)0%1-(%.2(2*33L%0R+32'5K0C% 85(/%(/0%*AK01(%-,%A565(*3%(0+/1-3-6L7%(/0%51(0)10(7
*1A%(/0%0.0)601+0%-,%(/0%5g-A%a%N0)'-1*3%bN3*L35'(b7%(/0%51A5K5A2*3%/*'%&001%0.N-B0)0A%51%.*1L%
10B%*1A%0R+5(516%B*L'C% M-)%*)(%'(2A01('%(-A*L7%(/0%3*1A'+*N0%(/0L%01+-21(0)%-,,0)'%.-)0%
-NN-)(215(L%(-%+-..215+*(0%(/05)%215Y20%K5'5-1%*1A%0RN0)501+0%(/*1%0K0)%&0,-)0C% $%6--A%*)(5'(%
+*1%+)0*(0%'-N/5'(5+*(0A%*1A%)-&2'(%B-)S7%&2(%*%6)0*(%*)(5'(%+*1%A-%(/0%'*.0%*1A%0RN3-5(%
12.0)-2'%*K0120'%GK5*%10B%(0+/1-3-650'H%(-%01*&30%(/05)%B-)S%(-%)0*+/%*%B5A0)%*2A501+0C% E(%5'%
(/0%0A2+*(-)v'%)0'N-1'5&535(L%(-%'(*L%+2))01(%B5(/%0.0)6516%(0+/1-3-650'%*1A%(-%0RN-'0%'(2A01('%
(-%(/0.C% @/0%.-'(%'2++0'',23%*)(5'('%EvK0%0K0)%.0(%/*K0%*%+-..*1A%-,%&-(/%(/05)%B-)S%*1A%(/0%
.0*1'%-,%A5'()5&2(5-17%B/5+/%*33-B'%(/05)%B-)S%(-%/*K0%*1%*)62*&3L%6)0*(0)%5.N*+(%-1%(/0%'-+50(L%
*(%3*)60C!
L.05)2&!/.@+!!A$20(.%!A)%%$9$+! C)()07$.!'.22329!.28!07$!6.0$(2.%!12=.22*%
E1%;n<?7%_-)-(/0*%@*11516%+-.N30(0A%*1%51'(*33*(5-1%-,%'-,(%'+23N(2)0'%(/*(%'/0%(5(30A7!1#3&.!/;!
6*F#3G!")*8O'&!ghgC% @/0%B-)S%5'%*%A-.0'(5+%51(0)5-)%,5330A%B5(/%B)5(/5167%*&'()*+(%,0.*30%,-).'%
(/*(%0RN3-A0%,)-.%(/0%B*33'%*1A%'()26630%(-%,)00%(/0.'03K0'%,)-.%(/0%,2)15(2)0C% @/-26/%(/0'0%
'+23N(2)*3%B-)S'%*)0%.01(5-10A%&L%W51A*%D-+/351%*1A%$11%!2(/0)3*1A%F*))5'%51%(/0%+*(*3-620!
Q#8&$!2'3+434!KiihWKLih7%*1%0*)350)%N*51(5167!<*3&'$+35%G;nJ<H7%5'%5332'()*(0A%*'%*1%0R*.N30%-,%
@*11516\'%!2))0*35'(%5A5-.C% @/5'%N*N0)%0R*.510'%&-(/%B-)S'%*'%N*)(%-,%*%3*)60)%51K0'(56*(5-1%51(-%
(/0%*)(5'(\'%3-16=(0).%016*60.01(%B5(/%(/0%+-1+0N(%-,%(/0%.*(0)1*3C%E1A00A7%,)-.%0*+/%A0+*A0%-,%
(/5'%*)(5'(\'%'5R(L=L0*)%+*)00)7%'/0%/*'%N)-A2+0A%B-)S'%B5(/%T.*(0)15(LU%51%(/0%(5(30C% _-)-(/0*%
@*11516%10K0)%&-)0%*1L%+/53A)01%-,%/0)%-B17%1-)%A5A%'/0%0K0)%N2&35+3L%0RN)0''%*%A0'5)0%(-%A-%'-7%
L0(%+30*)3L%(/0%'2&V0+(%B*'%-1%/0)%.51AC% 8/530%'-.0%.56/(%*)620%(/*(%(/0%(-N5+%5'%'-.0(/516%-,%*%
+/0'(12(%(/*(%)0,0)01+0'%(/0%*)(5'(\'%A0+5'5-1%(-%/*K0%*%+*)00)%-K0)%*%+/53A7%(/5'%N*N0)%N)-N-'0'%
(/*(%@*11516%B*'%+*650)%(/*1%(/*(C% !56.21A%M)02A\'%+-1+0N(%-,%(/0%T21+*11LU%*1A%Z235*%
X)5'(0K*\'%5A0*'%*&-2(%.*(0)1*3%*&V0+(5-1%B533%/03N%(-%5332'()*(0%(/0%'(*)(3516%+-.N30R5(L%-,%
@*11516\'%K5'5-1C!
L.00&!P$%%*+! 1234$(530*!):!B)<3543%%$+! "(=730$=0<($!.5!>()?.9.28.!)2!07$!/?.2357!H()203$(%
40A50K*3%E&0)5*%51%(/0%;;%(/% *1A%;>%(/% +01(2)50'%0RN0)501+0A%K5-301(%2N/0*K*3C%%E1%$3=$1A*32'7%(/0%
A5''-32(5-1%-,%(/0%].*LL*A%+*35N/*(0%51%;?I;%30,(%'S5).5'/516!3*+%*%S516A-.'7%B/530%51%(/0%1-)(/7%
#/)5'(5*1%S516A-.'%&06*1%(-%.-K0%'-2(/B*)A%(-%+-1Y20)%(/0%3*)60%(0))5(-)L%21A0)%42'35.%)230C%
F-B0K0)7%*,(0)%(/0%10*)3L%I??%L0*)'%-,%$1A*32'5*1%/060.-1L7%(/0%+23(2)*37%)03565-2'%*1A%351625'(5+%
A5,,0)01+0'%&0(B001%(/0%T35&0)*(0AU%E&0)5*1'%*1A%(/05)%10B%3-)A'%B0)0%'2&'(*1(5*3C%%$%+-1K51+516%
*)62.01(%B*'%100A0A%(-%V2'(5,L%(/0%10B%-)A0)C%
@/5'%N*N0)%0R*.510'%0++30'5*'(5+*3%*)+/5(0+(2)*3%'N*+0'%-,%(/0%;?%(/%=;>%(/% +01(2)L%1-)(/=+01()*3%
E&0)5*1%g0151'23*%51%-)A0)%(-%&0((0)%21A0)'(*1A%/-B%(/0'0%&253A516'%*1A%(/05)%'5(0'%,2)(/0)0A%(/0%
N-35(5+*3%*5.'%-,%(/05)%N*()-1'%&L%+)0*(516%*%)0+-615Q*&30%5.*60%-,%0*)(/3L%*2(/-)5(LC%%@/5'%B*'%
A-10%51%(/)00%B*L'c%%N*()-1'%+/-'0%'5(0'%B5(/%*%N)0=+-1Y20'(%'*+)0A%/5'(-)Lq%(/0L%2'0A%(/0%
*)+/5(0+(2)*3%,-).'%-,%(/0%0++30'5*'(5+%/50)*)+/L%*1A%(/0%035(0%-,%$3=$1A*32'%*1A%(/0%#/)5'(5*1%
1-)(/q%*1A%(/0L%+-..5''5-10A%,)0'+-0'7%'+23N(2)07%-)%.*12'+)5N('%(/*(%A0'+)5&0A%(/5'%+-1Y20'(%*'%
*!'&(.*8*3+#$C%%%@/5'%'2++0'',23%{,-).23*7\%0.N3-L0A%*(%!*1%4533ƒ1%A0%3*%#-6-33*%G^5-V*H%*1A%!*1%
Z2*1%A0%3*%g0†*%G$)*6‡1H7%B*'%5.5(*(0A%*(%(/0%,)-1(50)%+/2)+/0'%-,%!*1%P*2A035-%A0%P0)3*16*%
G!-)5*H%*1A%!*1(*%4*)5*%A0%8*.&*%G9*33*A-35AHC!
L7$%.2&!"923$5EQ.+! K%8!C)@323)2!1234$(530*+! S35<.%3E329!N350)(3=.%!'732Q329+!\.(8$25!):!
07$!;3970$$207!A$20<(*!;<()?$!.28!07$!A)250(<=03)2!):!N350)(*%
@/5'%N*N0)%*((0.N('%(-%21A0)'(*1A%(/0%AL1*.5+'%-,%K5'2*3%,0*(2)0'%51%6*)A01'7%(/-'0%(/*(%+-23A%&0%
+-1'()20A%*'%N*)(5+23*)%'(*(0.01('%51%/5'(-)5+*3%(/51S516C% $'%(/0%056/(001(/%+01(2)L%A)0B%(-%*
+3-'07%+0)(*51%6*)A01'%)0,30+(0A%N-35(5+*3%2N/0*K*3'%*1A%(0))5(-)5*3%+/*160'C% #01()*3%"2)-N07%
[0).*1L7%g-3*1A%B0)0%N*)(5+23*)3L%*,,0+(0A%&L%N-35(5+*3%(01'5-1'C% 8/530%3*1A%)0.*510A%*%+)5(5+*3%
+-1+0)17%+-1'()2+(5-1%-,%(/0%5A01(5(L%,-)%(/0%N0-N30%51K-3K0A%*%+-1'()2+(5-1%-,%/5'(-)50'C% [*)A01'%
(/0)0%/*A%51%+-..-1%(/0%A0'5)0%(-%+)0*(0%*%K5'5-1%-,%)0*35(L7%0'(*&35'/%*%+0)(*51%B*L%-,%3--S516%*(%
(/0%B-)3A%*1A%N)0'01(%*%+-1K51+516%K5'2*3%51(0)N)0(*(5-1%-,%/5'(-)LC% E%'/*33%(-2+/%-1%(/0%)*160%-,%
(0+/15Y20'%*1A%.0*1'%2'0A%(-%+)0*(0%K5'2*35Q*(5-1'C% E%'/*33%3--S%*(%A-.51*1(%*++-21('%-,%/5'(-)L%
*1A%)051(0)N)0(*(5-1'%-,%(/0%N*'(%B5(/51%(/0%+-1(0R(%-,%*%N)5K*(0%A0.0'10C!
L730$&!G())Q$+! 1234$(530*!):!63553553??3+! C$%0.!A)250.20R!6*!/<@@$(!S.=.03)25!/32=$!
Xllg!
C,C!UK'!>J;/;U'!
L3%=)DI'30<5&!A.07$(32$+! L)(=$50$(!/0.0$!A)%%$9$+! /$%:&!/<#^$=0&!/?$=0.=%$R!J$=$20!
J$:<5.%5!):!.!/$%:!32!A)20$@?)(.(*!"(0%
@/0%.5))-)%*1A%'03,=N-)()*5(2)0%/*K0%/*A%*%3-16%*1A%B033='+)2(515Q0A%/5'(-)L%51%*)(C% 4-'(%-,(01%(/0%
.5))-)%/*'%)0.*510A%*%/5AA01%N)-'(/0'5'%-,%K5'5-17%&2(%*(%(5.0'%(/0%*)(5'('%.*S0'%5('%N)0'01+0%
S1-B1C%F5'(-)5+*33L7%B/01%*)(5'('%A)*B%*((01(5-1%(-%(/0%.0*1'%&L%B/5+/%(/0%*)(%-&V0+(%5'%.*A07%
B/0(/0)%5(%5'%(/0%'2),*+0%&)2'/%B-)S%-,%"A-2*)A%4*10(%-)%(/0%'35NN0A%)065'()*(5-1%'53S%'+)001'%-,%
$1AL%8*)/-37%B0%S1-B%(/0%*)(5'(%51(01A'%(-%.*S0%(/0'0%030.01(' 5.N-)(*1(%,*+0('%-,%(/0%*)(C% E1%
(/0%+-1(0R(%-,%.*30%'03,=N-)()*5(2)0%G$115&*30%#*)*++57%_506-%903*QY20QH7%(/0%.5))-)\'%N)0'01+0%5'%
51(0)N)0(0A%*'%*%N*)(5+23*)3L%N)-&516%0R*.51*(5-1%-,%51(0)5-)%0''01+0%*1A%*%+-.N30R%51Y25)L%51(-%
(/0%1*(2)0%-,%K5'5-1C% F5'(-)5+*33L7%(/0%.5))-)%51%,0.*30%'03,=N-)()*5(2)0%A5K0)('%'03,=51Y25)L%51(-%.-)0%
+-.N30R%+-1+0N(2*3%*)01*'%'2+/%*'%*3306-)L7%K*15(L7%&0*2(L7%*1A%()2(/C% E1%,5)'(%B*K0%,0.515'.7%5(%
5'%1-%B-1A0)%(/*(%Z-*1%!0..03%)0,2'0A%(/0%.5))-)%51%-B1%'03,=)0N)0'01(*(5-1%51!<&!Q+3)#;3!
<+''#'4%G;n<jHC% E1K0'(56*(5-1'%-,%(/0%'-+5*3%+-1'()2+(5-1'%-,%5A01(5(L%,)-.%(/0%;n<?'=;nr?'%
N)-A2+0A%*%)5+/%/5'(-)L%-,%(/0%'03,%*'%'2&V0+(7%N*)(5+23*)3L%*'%5(%A0(0).510A%601A0)C%
@/5'%N*N0)%'00S'%(-%0R*.510%+-1(0.N-)*)L%)0N)0'01(*(5-1'%-,%*)(5'(\'%'03,=)0N)0'01(*(5-1'%51%
B/5+/%&-(/%.*30%*1A%,0.*30%*)(5'('%/*K0%N)-,5(0A%,)-.%(/*(%)5+/%306*+L%-,%*)(5'(5+%51K0'(56*(5-1'%-,%
'03,/--A7%'2&V0+(5K5(L7%*1A%(/0%.5))-)%*'%05(/0)%35(0)*3%*601(%-)%.0(*N/-)5+*3%N)0'01+0C% E%B533%*)620%
(/*(%51%(/5'%N-'(=/2.*15'(%.-.01(7%(/0%'03,%*'%'N0+(*+30%-++2N50'%(/0%+01()*3%,-+2'%-,%'03,=%
N5+(2)516%*)(5'('%'2+/%*'%4*((/0B%P*)10L7%_-263*'%[-)A-17%*1A%[5335*1%80*)5167%*1A%(/0%.5))-)%
,562)0'%5.N-)(*1(3L%51%(/05)%0.&)*+0%-,%5('%N)-N0)(50'%-,%'2),*+0%*1A%'N0+(*+30C% @/5'%)0N)0'01('%*%
S51A%-,%A0,30+(5K0%.-K0%*B*L%,)-.%1-(5-1'%-,%'03,/--A%*1A%'-+5*3%+-1'()2+(5-1'%-,%(/0%'2&V0+(C% E%
B533%,2)(/0)%*)620%(/0%.5))-)%*'%35(0)*3%030.01(%*'%B033%*'%.0(*N/-)5+*3%N)0'01+0%/*'%1-(%-13L%
N3*L0A%/*1A.*5A01%(-%(/5'%()*1',-).*(5K0%'/5,(%(-B*)A%'N0+(*+30%&2(%/*'%5.N-)(*1(%5.N35+*(5-1'%,-)%
(/0%K50B0)%*'%B033C!
L35)0EQ3& >.<%.!" B)*)%.!1234$(530*&!A73=.9)!" "@$(3=.25!"#().8R!!'7$!Yfkl5&!>)%303=5!.28!
07$!;D?$(3$2=$!):!;<()?$%
$.0)5+*1%'+23N(-)%_*K5A%!.5(/\'%()5N%(-%"2)-N0%51%;nIf%*1A%;nIj%5'%2'2*33L%*++-)A0A%'+*1(%
*((01(5-1%51%A5'+2''5-1'%-,%/5'%35,0%*1A%*)(C%%8/01%*+S1-B30A60A7%5(%5'%.01(5-10A%*'%/5'%-NN-)(215(L%
(-%'00%+-1(0.N-)*)L%*)(7%0'N0+5*33L%51%g*)5'7%*'%B033%*'%*%+/*1+0%(-%K5'5(%*%12.&0)%-,%.2'02.'%
*1A%/5'(-)5+*3%'5(0'%51%K*)5-2'%"2)-N0*1%+*N5(*3'C%%D-%-107%/-B0K0)7%/*'%+3-'03L%*1*3LQ0A%B/*(%
/*NN010A%-1%(/5'%()5N%0'N0+5*33L%B5(/%)06*)A%(-%(/0%)03*(5-1'/5N%-,%/5'%*+(5K5(50'%(-%/5'%A0K03-N516%
N-35(5+*3%5A0-3-6LC%%!.5(/%B*'%*++-.N*150A%-1%(/5'%1510=.-1(/%'-V-2)1%&L%/5'%'N-2'0%*1A%
+-330*620%_-)-(/L%_0/10)C%%8/530%51%"2)-N07%51%*AA5(5-1%(-%'(2AL516%(/0%*)(%-,%N*'(%*1A%N)0'01(7%
(/0%(B-%*)(5'(!#.*A0%+*)0,23%-&'0)K*(5-1'%-,%30,(5'(%-)6*15Q*(5-1'%51%(/0%+-21()50'%(/0L%K5'5(0A7%*1A%
+-1'5A0)0A%(/05)%N2&35+%'(*1+0%-1%.-A0)1%*)(m*'%5'%*.N3L%51A5+*(0A%51%(/0%'2)K5K516%
+-))0'N-1A01+0%,)-.%(/5'%()5NC% @/05)%0RN0)501+0'%-13L%'0)K0A%(-%'()016(/01%(/0%4*)R5'(
N0)'N0+(5K0%-1%B-)3A%0K01('%!.5(/%*1A%_0/10)%/*A%&0621%(-%A0K03-N%51%(/0%0*)3L%;nI?'C%%$'%(/0%
()5N%6*K0%+)0A01+0%(-%(/05)%5A0-3-6L7%5(%*3'-%N)-K5A0A%(/0.%B5(/%*.N30%0K5A01+0%(/*(%(/05)%N-35(5+*3%
K50B'%B0)0%,233L%+-.N*(5&30%B5(/%(/05)%+-..5(.01(%(-%.-A0)1%*)(C% $1%*1*3L'5'%-,%(/5'%()5N%B533%
+-1()5&2(0%(-%(/0%3*)60)%N)-V0+(%-,%)0=N)0'01(516%$.0)5+*1%.-A0)15'.%1-(%.0)03L%*'%*%'0)50'%-,%
,-).*33L%51K01(5K0%0RN0)5.01('7%&2(%*'%*%'0)5-2'%0RN3-)*(5-1%-,%B/*(%5(%.0*1(%(-%.*S0%*)(%B/5+/%
)0'23(0A%51%*%)0=+-1'5A0)*(5-1%-,%/-B%*)(%*1A%*)(5'(%.56/(%)03*(0%(-%(/0%'2))-21A516%B-)3AC!
T.29&!A(*50.%!N<3I/7<+!!1234$(530*!):!U)(07!C.Q)0.+!!C3($=0!.28!,283($=0!;D?($553)2R!'7$!
"(0!):!N)-.(8!H3250$(!.28!N<29!'<29%
E1%(/0%*)(%-,%$.0)5+*1%K5'5-1*)L%*)(5'(7%F-B*)A%M51'(0)%G;n;j=>??;H7%B)5(516%(0R(%5'%*%N)-.5101(%
,0*(2)0C%_5,,0)01(%,)-.%M51'(0)\'%'(-)L=(033516%51'+)5N(5-17%(/0%'03,=51K01(0A%+/*)*+(0)'%51%(/0%
+*3356)*N/L%N*51(516'%&L%(/0%@*5B*10'0%'03,=(*26/(%*)(5'(7%F216%@216%G;n>?=r<H7%'00.%(-%&0%'-.0%
'-)(%-,%/50)-63LN/5+%'L.&-3'C% PL%+-.N*)5'-17%(/05)%0A2+*(5-1%*1A%)03565-1%.*L%/*K0%*%'5615,5+*1(%
5.N*+(%-1%(/05)%*NN)-*+/%(-%*)(C%
E1%+/53A)01\'%*)(5'(5+%A0K03-N.01(7%(/05)%N0)+0N(5-1'%'/5,(%,)-.%0R*660)*(5-1%*1A%*&'()*+(5-1%(-%
1*(2)*35'.%*'%(/0L%6)-B%-3A0)C% E1(0)0'(5163L7%B5(/%*%'5R=6)*A0%0A2+*(5-17%M51'(0)%*NN350'%5..*(2)0%
(0+/15Y20'%-,%,-)0'/-)(01516%*1A%.-A03516%35S0%*%;?=;>=L0*)=-3AC% g*)*3303516%/5'%5335(0)*(0%'(*(2'7%
F216\'%N*51(516'%A5'N3*L%+/*)*+(0)5'(5+'%-,(01%,-21A%51%*%N)0=030.01(*)L%'+/--3%+/53A\'%A)*B516'm%
'2+/%*'%R=)*L%K5'5-17%.23(5N30%N0)'N0+(5K0'7%*1A%-K0)*33%+-.N-'5(5-17%0(+C% $'%B5(/%*%L-216%+/53A\'%
51(25(5K0%0RN)0''5-17%F216\'%*)(%-,(01%()5660)'%*1%51'512*(5K0%'.530%51%&0/-3A0)'C%%@-%,23,533%/5'%
.5''5-1%*'%*%T.0''0160)%,)-.%[-A7U%M51'(0)\'%A0'+)5N(5K0%+-..01(*)L%&0*)'%1-%K5'2*3%*0'(/0(5+%
*((0.N(C% ]135S0%M51'(0)\'%N)0*+/516%-,%#/)5'(5*15(L%(/)-26/%*)(7%F2167%*%'N5)5(%.0A52.7%5.N350'%*%
@*-5'(%.L'(5Y207%'0+)0('%-,%/0*K017%*1A%3*B'%-,%1*(2)0%51%/5'%+*3356)*N/5+%*)(C% #-1()*)L%-,%
M51'(0)\'%.-)0%35(0)*3%*1A%A5)0+(%0RN)0''5-17%F216\'%21)0*A*&30%N5+(-6)*N/L%+-1K0L'%51A5)0+(%
.0*1516'7%B/5+/%*)0%&0L-1A%B/*(%)0*3%B-)A'%+*1%A0'+)5&0C!
T.0$5&!/.@+! 1234$(530*!):!'$22$55$$&!P2)D43%%$+! ')!;D73#30!)(!U)0!0)!;D73#30%
@/5'%N)0'01(*(5-1%*AA)0''0'%(/0%N)-&30.'%G-,(01%3-16%(0).H%*1A%'-32(5-1'%G-,(01%'/-)(%(0).H%
*''-+5*(0A%B5(/%(/0%.*1*60.01(%-,%(/0%0RN*1A516%G*3&05(%'3-B3LH%N0).*101(%+-330+(5-1%-,%(/0%
"B516%[*330)L%-,%$)(%*1A%$)+/5(0+(2)0%*(%(/0%]15K0)'5(L%-,%@0110''00C%%@LN5+*3%-,%.*1L%215K0)'5(L%
6*330)50'7%(/0%"B516%[*330)L\'%N)-&30.'%51+32A0%51*A0Y2*(0%-1'5(0%'(-)*607%1-%A0'561*(0A%*)0*%-)%
6*330)L%,-)%+-330+(5-1%0R/5&5(5-17%A0+-)*(5K0%A5'N3*L%-,%-&V0+('%-1%+*.N2'%3-*17%*1A%35.5(0A%,21A'%
,-)%)0'0*)+/7%'(*,,5167%+-1'0)K*(5-17%*+Y25'5(5-1'7%6010)*3%+-330+(5-1%.*1*60.01(7%0(+C% !-.0%
'/-)(=(0).%'-32(5-1'%(-%(/0'0%N)-&30.'%/*K07%51%(/0.'03K0'7%+)0*(0A%-(/0)%+/*330160'C%F-B0K0)7%
51%(-(*3%(/0'0%'-32(5-1'%/*K0%)0'23(0A%51%&0((0)%+*)0%*1A%2(535Q*(5-1%-,%(/0%+-330+(5-1C% @/0'0%51+32A0%
l+35.*(0%+-1()-330A%*1A%'0+2)0%-,,%+*.N2'%'(-)*607%2(535Q*(5-1%-,%,*+23(L%*1A%'(2A01('%,-)%
)0'0*)+/7%N3*+0.01(%-,%5A01(5,L516%N3*Y20'%B5(/%-&V0+('%-1%+*.N2'%3-*17%*1A%,21A516%'2NN-)(%
6010)*(0A%(/)-26/%)01(*3%,00'%-,%(-2)516%0R/5&5(5-1'%+2)*(0A%,)-.%(/0%"B516%[*330)L\'%N0).*101(%
+-330+(5-1C% $3'-%A5'+2''0A%*)0%(/0%*AK*1(*60'%*1A%A5'*AK*1(*60'%-,%(/0%[*330)L\'%+*.N2'%3-*1%
N)-6)*.%*1A%,*+(-)'%A0(0).51516%B/01%T@-%0R/5&5(U%-)%TD-(%(-%0R/5&5(U%'N0+5,5+%B-)S'%-,%*)(C!
T)2.2&!63=7.$%+!!1234$(530*!):!6355)<(3IA)%<@#3.+!!6$55$(5=7@380!.28!07$!G)<28.(3$5!):!
b/$%:cI>)(0(.30<(0%
@/5'%N*N0)%*AA)0''0'%(/0%&5Q*))0%T#/*)*+(0)%F0*A'U%-,%(/0%056/(001(/=+01(2)L%$2'()5*1%'+23N(-)%
M)*1Q%e*K0)%40''0)'+/.5A(%G;<Ij=;<rIH%*'%0.&0AA0A%B5(/51%056/(001(/=+01(2)L%(/0-)50'%-,%(/0%
'03,C%%!51+0%(/0%*)(5'(\'%35,0(5.0%'+/-3*)'%/*K0%21A0)'(--A%(/0'0%'+23N(2)0'%*'%'03,=N-)()*5('q%(/0
[0).*1%N/53-'-N/0)%M)50A)5+/%D5+-3*5%A0'+)5&0A%(/0.%*'%'2+/7%*1A%1510(001(/=%*1A%(B01(50(/=%
+01(2)L%+-..01(*(-)'%/*K0%(*S01%(/*(%'(*(2'%5A01(5,5+*(5-1%*'%(/0%'(*)(516%N-51(%,-)%*1%0K*32*(5-1%
-,%(/0%*)(5'(\'%N)0'2.0A%51'*15(LC%%O0(%+*33516%(/0'0%B-)S'%'03,=N-)()*5('%+-.0'%*(%(/0%0RN01'0%-,%
1-(5+516%/-B%51+-1'5'(01(7%0K01%A5K0)601(7%(/0%,*+5*3%,0*(2)0'%A0N5+(0A%51%(/0.%*+(2*33L%*)0C%%@/5'%
N*N0)%*)620'%(/*(%5(%5'%,)25(30''%(-%0R()*N-3*(0%,)-.%(/0.%*%+30*)%'01'0%-,%*1%51A5K5A2*3%'03,7%*1A%
(/5'%A5,,5+23(L%+*33'%51(-%Y20'(5-1%(/0%)03*(5-1'/5N%&0(B001%(/0%'+23N(0A%,*+0%*1A%*%1-(5-1%-,%(/0%
5A01(5(L%+-1K01(5-1*33L%*''5610A%(-%,*+5*3%,0*(2)0'C%%E%'2).5'0%(/*(%40''0)'+/.5A(\'%/0*A'%*)0%1-(%
'03,=N-)()*5('%(/*(%+-1+0)1%(/0.'03K0'%B5(/%35S010''%*1A%51A5K5A2*35(L7%&2(%)*(/0)%5332'()*(5-1'%-,%
6010)*35Q0A%5A01(5(L%GT4*1U%()*1'+01A01(*33L%A0,510AH%N2(%(/)-26/%*%'0)50'%-,%()*1',-).*(5-1'%(/*(%
'2660'(%*1%0RN3-)*(5-1%*1A%0RN*1'5-1%-,%(/0%N-''5&535(50'%,-)%(/0%/2.*1%'2&V0+(C!
o.7)&!6.(9.($0!"22+! 1234$(530*!):!A$20(.%!H%)(38.+! J#I,(!A$<51(,(!Q&4R! ,@?$(3.%!
"%%<53)25!32!07$!>)(0(.305!):!P329!"%:)25)!,!):!U.?%$5%
@/0%!N*15'/%X5167%$3,-1'-%9%-,%$)*6-17%51%/5'%)-30%*'%10B3L%+)-B10A%X516%$3,-1'-%E%-,%D*N30'7%
.*A0%*%+-1+0)(0A%0,,-)(%51%/5'%N-)()*5('%(-%3065(5.5Q07%63-)5,L7%*1A%N)-.-(0%/5.'03,%*'%*1%0R0.N3*)%
-,%(/0%N5-2'%#/)5'(5*1%^230)%*1A%(/0%()52.N/*1(%^-.*1%".N0)-)C% $3,-1'-%B*'%-10%-,%(/0%,5)'(%
^01*5''*1+0%)230)'%(-%*A-N(%(/0%5.*60)L%-,%(/0%^-.*1%E.N0)5*3%()52.N/%51%(/0%+)0*(5-1%-,%/5'%
N0)'-1*3%.L(/-3-6LC% F0%1-(%-13L%01*+(0A%*%+3*''5+*3%^-.*1%()52.N/%B/01%/0%01(0)0A%D*N30'%51%
;JJI%&2(%+-1(5120A%(-%0RN*1A%/5'%*''-+5*(5-1'%B5(/%(/*(%(/0.0%&L%&253A516%*%.-12.01(*3%
()52.N/*3%*)+/C%%$3,-1'-%3--S0A%(-%^-.*1%0.N0)-)'%35S0%@)*V*1%*1A%F*A)5*1%*'%.-A03'%,-)%/5'%
-B1%N-)()*5('q%N-)()*5('%(/*(%+*1%&0%,-21A%-1%/5'%()52.N/*3%*)+/%*'%B033%*'%-1%+-..0.-)*(5K0%
.0A*3'C%D-(%3-'(%-1%$3,-1'-7%-)%/5'%E(*35*1%'2&V0+('7%B*'%(/0%,*+(%(/*(%(/-'0%'N0+5,5+%)230)'%B0)0%1-(%
-13L%!N*15'/%&L%&5)(/7%&2(%B0)0%'-%'2++0'',23%*1A%'-%B033%3-K0A%(/*(%(/0L%B0)0%A05,50AC%
PL%51+-)N-)*(516%^-.*1%E.N0)5*3%5.*60)L7%(5(30'7%*1A%A0K5+0'%51%/5'%N-)()*5('%$3,-1'-%9%N)-K0'%
/5.'03,%(-%&0%-10%-,%(/0%0*)350'(%^01*5''*1+0%)230)'%(-%0RN3-5(%+3*''5+*3%.-A03'%*1A%5.*60)L%51%(/0%
'0)K5+0%-,%/5'%-B1%N0)'-1*3%*1A%N-35(5+*3%N0)'-1*C!
o.%$5=7&!/.<%+! B)<353.2.!'$=7!1234$(530*+! dl&lll!L)@$2!"(03505];20($?($2$<(5R! '7$!/.9.!
.28!"(0!):!H3($538$!,28<50(3$5%
@/5'%N*N0)%51()-A2+0'%*1A%A5'+2''0'%M5)0'5A0%E1A2'()50'%-,%$A)5*17%45+/56*17%B/5+/%A0'+)5&0A%
5('03,%*'%*1%*)(5'('v%+--N0)*(5K0%*1A%+3*5.0A%(-%/*K0%*'%.0.&0)'%f?7???%B-.01%*)(5'('%*+/50K516%
,51*1+5*3%51A0N01A01+0%&L%30*)1516%/-B%(-%A0+-)*(0%*1A%'033%5('%3510'%-,%*)(%1-K03(50'C%%M)-.%;n>I%
(-%;nIr%M5)0'5A0%A*1630A%(/0%K5'5-1%-,%-B1516%N)-'N0)-2'%'(-)0'%35S0%(/-'0%)0623*)3L%5332'()*(0A%51%
5('%&)-+/2)0'%*1A%+*(*3-6'q%(/5'%A)0*.%*(()*+(0A%.0.&0)'%A0'N5(0%(/0%5.N-''5&535(L%-,%*1L&-ALv'%
&0516%*&30%(-%A0+-)*(0%01-26/%.0)+/*1A5'0%(-%'(-+S%*%K5*&30%'/-NC% @/5'%(*3S%*AA)0''0'%,-2)%
(-N5+'& ,5)'(7%K*)5-2'%*'N0+('%-,%B-.01v'%51K-3K0.01(%B5(/%*)(7%*1A%(*'(0'7%&0(B001%(/0%B-)3A%B*)'%
'N-(356/(0A%&L%M5)0'5A0v'%.0)+/*1A5'0%*1A%5('%'2++0''%51%*(()*+(516%.0.&0)'C%%!0+-1A7%/-B%5('%
'2++0''%A0.-1'()*(0'%(/*(%.*1L%B-.017%35S0%(/-'0%B/-%-1+0%B-)S0A%,-)%^--SB--A7%B0)0%'(533%
A0'N0)*(0%(-%*+/50K0%,51*1+5*3%51A0N01A01+0%51%*%'-+5-+23(2)*33L=)0'N0+(*&30%B*LC%%@/5)A7%(/*(%
M5)0'5A0%)0N)0'01('%(/0%'*.0%S51A%-,%+-)N-)*(0%51'(5(2(5-1*35Q*(5-1%(/*(%B*'%-10%-,%(/0%+/50,%
+/*)*+(0)5'(5+'%51%$.0)5+*%A2)516%(/0%v>?'%*1A%vI?'q%5('%*)(%51+32A0A%.*1L%-,%(/0%'*.0%S51A'%-,%*)(%
6--A'%3-16%)0N)-A2+0A%51%V-2)1*3'%35S0%(/0%$)(%$.*(02)%*1A%(/0%$)(%E1(0)+/*160C%%M51*33L7%(/0%(*3S%
B533%1-(0%'()5S516%+/*160'%A2)516%(/0%_0N)0''5-1%51%N-N23*)%*)(5'(5+%()01A'7%'(L30'7%*1A%(*'(0'%(/*(%
*)0%51A5+*(0A%&L%M5)0'5A0v'%0K-3K516%3510'%-,%.0)+/*1A5'0C!
o.28$(&!6.(*!F.2$+! S3(9323.!A)@@)2-$.%07!1234$(530*+! A)@@<2303$5!):!C35=)<(5$!.28!
B$.(2329!32!07$!"(05%
E1%-(/0)%A5'+5N3510'7%51+32A516%351625'(5+'7%'-+5-3-6L7%*1A%0A2+*(5-17%(/0%'(2AL%-,%+3*'')--.%(*3S%
/*'%*%3-16%/5'(-)LC%E%1%*)(%0A2+*(5-1%(/0%'(2AL%-,%(*3S%/*'%2'2*33L%&001%*%N0)5N/0)*3%5''20%-)
)0,30+(5K0%-,%()01A'%51%'(2A50'%,)-.%-(/0)%*)0*'C% @-A*L7%(/0)0%5'%'5615,5+*1(%35(0)*(2)0%*K*53*&30%51%
-(/0)%A5'+5N3510'%(/*(%51A5+*(0'%(/*(%A00N0)%30K03'%-,%30*)1516%*)0%)03*(0A%(-%(/0%A0K03-N.01(%-,%*%
TA5'+-2)'0%+-..215(LU%G[2.N0)Q%o%FL.0'7%;nrjH%*1A%(/*(%30*)1516%(-%21A0)'(*1A%*%A5'+5N3510%
)0Y25)0'%30*)1516%(-%(*3S%*1A%(/51S%51%(/0%A5'+-2)'0%-,%(/*(%+-..215(L%GW0.S07%;nn?q%!+/-17%
;nrIHC% _0'N5(0%*%()*A5(5-1%-,%*NN)01(5+0'/5N%51%*)(7%(/0'0%*1A%-(/0)%-N(5-1'%*)0%-13L%&06511516%(-%
&0%*AA)0''0A%51%(/0%,503A%-,%*)(%0A2+*(5-1C!
o3$@$(&!B35.+! L$50$(2!A.()%32.!1234$(530*+! \)(8)2!K25%)-!H)(8R! S)*.9$(!32!L)28$(%
[-)A-1%:1'3-B%M-)A%B*'%*1%-,,5+0)%51%(/0%P)5(5'/%D*KL%B/-%&0+*.0%01*.-)0A%-,%N-''5&535(50'%,-)%
K*)5-2'%'(*(0'%-,%+-1'+5-2'10''%B/530%K5'5(516%(/0%9*330L%-,%(/0%X516'%B5(/%F-B*)A%#*)(0)%51%(/0%
;nI?v'C% :1'3-B%M-)A%)0'5610A%/5'%+-..5''5-1%(-%N*51(%51%g*)5'%B/0)0%/0%*1A%/5'%,)501A%^-&0)(-%
4*((*%B0)0%B03+-.0A%51(-%(/0%!2))0*35'(%6)-2NC% $1A)0%P)0(-1%B*'%51()5620A%&L%(/0%B-)S%-,%(/0'0%
(B-%L-216%.017%B/5+/%0RN3-)0A%21+-1K01(5-1*3%5A0*'%*&-2(%/2.*1%N0)+0N(5-1C% :1'3-B%M-)A%
*++0N(0A%*%A5N3-.*(5+%*''561.01(%(-%'/-B%!2))0*35'(%B-)S%51%D0B%O-)S%51%-)A0)%(-%6*)10)%'2NN-)(%
,-)%$.0)5+*1%N*)(5+5N*(5-1%51%(/0%!0+-1A%8-)3A%8*)7%*1A%/03N0A%5615(0%$&'()*+(%"RN)0''5-15'.C%
:1'3-B%M-)A%)0()0*(0A%(-%40R5+-%(-%35K0%*.-16%(/0%@*)*'+*1%E1A5*1'%B/0)0%/0%-&'0)K0A%(/*(%
(/0L%'00.0A%(-%b+-.N)0/01A%-&V0+('%)*(/0)%(/*1%'00%(/0.Cb% @/5'%0RN0)501+0%30A%(-%*%35,03-16%
A0K-(5-1%(-%A0K03-N516%A00N0)%30K03'%-,%b'005167b%*1A%(-%(/0%'(2AL%-,%u01%+*3356)*N/L%*'%*%.0(/-A%
-,%)0+-)A516%5110)%0RN0)501+0'%B/5+/%-++2))0A%b,*'(0)%(/*1%(/0%'N00A%-,%(/-26/(Cb%
@/5'%N*N0)%0RN3-)0'%(/0%A0K03-N.01(%-,%:1'3-B%M-)Av'%*)(5'(5+%(/0-)50'%)06*)A516%N0)+0N(5-1%*1A%
5'%&*'0A%2N-1%+-1K0)'*(5-1'%B5(/%/5'%nI%L0*)=-3A%'5'(0)7%"35'*&0(/%:1'3-B%M-)A%^-2'351C% !/0%B*'%
B5(/%(/0%!2))0*35'('%*(%#/0.533502%51%M)*1+0%51%;nIn7%*1A%B5(/%/0)%&)-(/0)%*1A%/5'%,)501A'%51%
"163*1A%*1A%40R5+-%51%(/0%;nJ?v'C% "35'*&0(/%5'%+2))01(3L%*%&-*)A%.0.&0)%-,%(/0%W2+5A%$)(%
M-21A*(5-1C%
C
© Copyright 2026 Paperzz