Kelile&Demneh (WWW Irebook Net TF)

!!
!!)$*#+,-+!"#$%&$'(
!!www.irebook.net.tf
!!
!!
!!"/34!5!"6*6(!2!1$'(!)+./0
!!=?/3!@+,>#!=:$;<:+.&+!2!78/9-.#
!!GH!D?EF-4B+!2!,?#!A-B$C
!!K,F(+!J*:!2!I-$C
!!
!!"/34!5!"6*6(
!!LLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL
!!!M+,N!O4P!,Q!M+!R!4.&!)$ES!$C
!!M$*#!=&!U#+4!7+B!M+!4.F#!T(
!!)$3M!,V!B8#+!4,%&!)$34,3
!!)$&M!"#.W!,E&!+B!U#+4!7+B
!!8/'X+4!=3+,W5!5!8#4,(!4,W
!!8/'X$Z/&!=<V!B8#+!Y/9&!$C
!!D9/X5B![+,\!]4!B8#+!U#+4
!!D9/X.S!.C!^C!,&!8&!"<VM5
!!
!!"/34!5!"6*6(! !! !
!!=?/3!@+,>#!=:$;<:+.&+!K$?#+! !
!!=#+,Ec!K./*3!=F'_3!`*a.C!5!`*b>C! !
!!
!!=6(.C!@+!=605
!5!DQ+!)$&$C!^X5B!M5B!7,E\!,&!5+!gB8h!B$iP!"(!":JS!jS!+B!K+8f,3!U-$'Q!5!d$eQ
!D<>0!8Q!+B!g.Fl/0!B$C!"(!K+!78/-$?%&!R!)$?NB4!B$C!kX!]4!B4!5+!D<lm!B+.#+
!"&!g$/-$(!g,nN!B4!R!8*#+4,W!)$/<X4!,Eh!o*C!+B!"?p!U*#!"(!KB$FS!R!4,(!)$'Q54
!8-8p!4$9N!5!).(!s:$0!B4!t+8&+!u-+8&!5!R!D?Z#!r$'b3!g,V$q3!5!D#.;3!5!,*?3!5!,-M5
!K+,&!M+!5!R!8*#+4,W!y*<3!g$#+.*m!,Z-4!M+!jz0!D-y3!5!vn#!D6*wx&!+B!)$*34P!5!R!4B5P
!+B!='*W!^b{!5!R!8#8*#$V,&!D:Ja!5!D<6|!M+!+B!v6f!$C!4$'Q,N!)}.QB!4$XB+!5!D-+8V
!5!vm!)$<QP!R!DFCB!B4!]5+!5!D&.#!B4!)$?-+!,fP!5!R!8/'9&!^-~P!DN,;3!5!s60!B./&
!^&!8<b3!sQ$z:+.&+!^*6_b<:+!,•:+8€$h!5!^**F/:+!sC$f!5!^*6Q,<:+!8*Q!R!•8{!1$'NP
!y0!K+,&!R!^-,V$n:+!"C,'0!=60!5!"*60!@+!=6{!R!+B!=&,;:+!‚$/3!8F0!^&!sX$V!^&!@+8F0
!M+!5!R!8*#+4,W!ƒ.>%3!à+5!j-}4!5!,V$|!g+y_;3!"&!5!R!8-yW,&!D:$QB!s'f!5!g.F#
!R!4+4!]$„3!g$-P!B$E|+!"&!5!R!4.3,N!g.04!+B+83!5!vNB!"&!D/*&!D3$h+!5!D_m!O+y:+!DES
!=6z0!g}}4!"&!"(!D?W!O.6;3!+B!$*#4!)+8/34,f!5!R!D?W!,V$|!B$x(!4,<C!5!g8#$;3!$C
!M+!sV!R!g8V$_3!D*a,N!5!83$*&!4$ES!g$-P!7$Z#P!R!8/-$<#!=<#!g$x':+!=9m!g+y_;3!5
!D;-,X!DFm${!Oy0!g$Fi!5!=#$<QP!8*-$C!5!L!8X!D&$i!R!4,f!v-,c!M+!sV!5!t,X!"S5
!]$m!]$<S!v*N.C!483!5!R!4.<#!DQ+B!7+B!D-+8V!g4$;Q!+B!vm!B$>#+!5!R!DQ.*p!)+8&
!)$?-+!…,X!†Ff!M+!+B!^*3M!D?p!5!R!8#4B5P!)+,N$(!u<z&!K5B!$C!R!DQ+B$*&!+B!)$?-+
!4.f!y(,3!B4!+B!vm!5!8#8-8#$Q,&!)$ES!•$NP!5!B$nh+!"&!+B!=x*/m!D63!5!R!8#8*#+4,W!…$p
!!L8#4+4!B+,h
!!!+8<m!si!+8<m!si!+8<bN
!!!$-+y<:+!,lX!+~+!=n;-!^<:
!!!^3!=:+!=C$*bC!$•n6FC!5
!!$-$?;:+!5!$-+8•:+!=N!1,„*&
!!"*:+!K8E-!•.?3!OJQ
!!$-$x>:+!5!s€+,l:+!‡8<:+!^3
!5!1$b{+!5!=xn>3!d8z3!‡5B!5!sq;3!g+~!,&!K4y-+!g+.6{5!D*bC!5!OJQ!5!45B4
!)P!s*9#!R!8X$&!j>'3!B$WM5B!4+8'3+!"&!)P!4+83+!"(!K45B4!R!4$&!5+!t$*X+!5!)+B$-!5!t$FC+
!5!"*60!+.6{!+./3P!^-ˆ:+!$E-+!$-!=F/:+!=60!).6>-!"'l€J3!5!@+!)+!R!4BP,&!"F6(!M+!…$f
!!L$<*69C!+.<6Q
!B$nh+!5!•$NP!"<E&!•$NP!"<E&!D3+!^-+!‰63!R!5!8#$3!86%3!D63!^-+!"(!D9-$&!=3!).\!5
!2!44,W!O.6;3!+B!)$*#$ES!DQ+!=h$&!g+y_;3!M+!=l-!"(!†-8m!^-+!•8{!5!R!8Q,&!^*3M
!‰63!o6F*Q!5!$E&B$•3!5!$EhB$?3!D-B$N!‹B}+!=:!D-5MŠ!":P!5!"*60!@+!=6{!=F/:+!]$h
!jm!5!=E#!5!,3+!B4!sE/0!=aB!5!=60!@+!=6{!+B!=xn>3!K$x6f!ŒL!$E/3!=:!K5M$3!='3+
!5!4.f!D0$n&!+B!)$?-+!D05$n3!5!R!DX+4!=#+MB+!v6n3!)$3,N!5!R!4$?W,&!DQ4!8z0!5
!5!].Q,:+!+.;*c+!5!@+!+.;*c+!+./3P!^-ˆ:+!$E-+!$-2jS!5!y0!]$h!†*m!R!8*#+4,W!vb63!].QB
!,&!B+4!^-4!….63!DQ$*Q!=&!vm!,-$;X!B$E|+!5!^-4!u-+,X!ˆ*x/C!"(!L!sl/3!,3}+!=:5+
!gB$X+!5!R!48/F#!gB.{!s:$0!,<0!K$E'#+!"&!)5,z3!)P!g83!5!R!8#$<#!86%3!B$WM5B!K5B
!"(!Df$/X!8-$F&!Dz*zb&!5L)$3+.C!^-8:+!5!‰6<:+2!"(!DQ+!4B+5!^-8&!g.F#!g,wm
!5!R!4,*W!]$<S!)$?-+!]80!B./&!^*3M!K5B!"(!R!"<Q+!y0!R!8#B$W8-,NP!"-$Q!OJQ+!….63
!g5Jm!j-5$C!•*E&!"(!R!8X$&!v6;'3!Ž+.V+!•:$C!5!)$ES!=#+4$&P!)$?-+!7.lX!5!DF*E&
!D-$0B!Dh$*Q!^-+!,&!Db6>3!^-+!,W+!5!R!+B!,*?<X!D&$E3!"(!4.&!8#+.'#!,i+!)P!+B!g4$F0
!B4!"l#$/\!5!R!K83P!+8*p!D3+!)$*3!M+!"<6(!‚J'f+!5!R!='?W!"'99W!$VB$(!O$q#!='N$*#
!].{+!5!R!K4,(!D6f+83!OJQ+!g$<E3!B4!U-.f!K+B!"&!=9(!,V!DQ+!k(,3!t$Fc
!)$n69:+!ty-$3!2!8-.W!=3!1$n%:+!^&,<0!5!R!='?W!j<E3!5!j'%3!=/-4!^*#+.h!5!=0,X
!=N!"FVB!8X+!s'#}2!DQ+!s*q0!)P,h!M+!=/;3!^-+!d$F'h+!5!R!)P,z:+!ty-!$<3!,„(+
!M$&!={$;3!M+!1+ˆ0!jS$;&!yS!)+4$#!"(!+,-M!).Ezx-}!O.h!sE#$&!‰:~!@+!^3!sVB58{
!!L!8Q$/?#!R!":JS!jS!R!KB$&!K$-B$F(!5!D<q0!]$<(!5!R!8X$F#
!!!DQ!"&+.%<V!"#!4,f!U(!)P!4y#
!!!DQ!"&$3,W!,*X!.\!"?*&!,*X
!)P!DN,;3!4,_<&!8'N+!‰-4y#!•?(!1$'N•&!$C!4,*W!O+BP!$<60!D-+B!"-$Q!B4!"(!T(!)P!5
!"/(!"&!,c+.f!5!DN$-!8#+.'#!B4!+B!)P!D-$E#!O$V5+!"(!8-P!+8*p!5+!,*<a!B4!D&$E3!5!7.lX
!^X5B!g$38z3!^-+!slb&LŽ$<6;:+!74$F0!^3!@+!=?%-!$<#+2!=:$;C!":.h!L!8*QB!8#+.'#!)P
!DQ8zC!R!8-.W!=3!K+8f!5!R!jc$&!^-4!=&!‰63!5!DQ+!u-$a!‰63!=&!^-4!"(!44,W!=3
!O.z*:!)+y*<:+!5!1$'l:+!sE;3!$/:y#+!5!g$/*F:$&!$/6QB!$/6QB+!8z:!275$<;#!D<0!5!75$<Q+
!M+!U*p!D-P!^-+!sq#Ld$/6:!uN$/3!5!8-8X!d$&!"*N!8-8b:+!$/:y#+!5!‘9z:$&!d$/:+
!kQ$/C!,Z-8l-!"&!^VP!5!5M+,C!5!1$'(!"(!R!8-$<#!=3!K80$F'3!).\!D-5B!5!’$F/'Q+
!"(!44,_W!O.6;3!5!4y*f,&!DF-B!1$_m!5!DEFX!B$F“!j3$C!M+!Tp!$3+!R!8#B+8#!K,'?*&
!"\!R!,C!,V$|!"\!,V!KM$_0++B!='<6(!,V!5!DQ+!,C!kQ$/'3!"\,V!,Z-8l-!"&!”$x:+!^-+
!^-+!ˆ*x/C!R!5!1$9m!5!5M+,'&!‚$>#+!5!]80!1+.&+!s-8zC!R!5!4.&!8#+.C!1$'l&!u-+,X!)$*&
!DQ+!=0,3$#!OJQ+!)$V$X4$p!7.lX!=&!^-4!`:$>3!"(!D?W!B,z3!).\!5L,*?<?&!=#$;3
!8-+.N!"(!R!+B!….63!D0$c!D*a,N!R!Bˆ;'3!B+8&P!,*?<X!D&$E3!=&!"/'N!UCP!)8#$?#!5!R
!5!,'($p!5+!^-4!"(!,V!"(!44,W!^X5B!5!R!4.X!"'f$/X!sV!R!DQ+!"'9&!M$&!)+8&!$*#4!5!^-4
!D•:$F3!)$V$X4$p!K$E#$3,N!s*q;C!5!….63!k#$S!DX+4!•By&!B4!,C!=N${!5+!g8*z0
!5!R!4B+8/p!^-4!)$(B+!M+!+B!)$?-+!Db{$/3!5!ƒJf+!5!D0$c!5!+.V!5!R!4,<X!kS+5!g4$-M
!sq0+!O$3+!=9(!,W+!"(!D9#+4!8-$F&!44,C!=&!5!–!4B+4!,&+,&!)$?-+!D38f!B4!^c$&!5!,V$|
!=m+.#!5!D-}5!‚+,c+!"&!)P!j6f!"(!4B+4!+5B!='#$*f!B$*9&!5!…8#+!5!8?-8#+!=NJf!+B
!O$lm+!"&!sV!)P!g,w3!"\!R!~.f$3!g,f•&!5!8X$&!O.3ˆ3!$*#4!B4!44,WM$&!5+!Dl6<3
!!L8/'N+!Dz?3!5!—#B!B4!D3+!O+.0!5!ƒ+.f!sV!5!48#.*p!D;-,X
!"(!]80!^Q$b3!M+!='<X!)./(+!R!4$'N+!,-,zC!DQ+!^-4!=:$C!"(!‰63!j-$wN!M+!B8h!^-+
!k#$S!sV!)+B4!5!R!4.X!74,(!4$-!DQ+!='FV.3!,C!T*x#!5!='*6m!,C!^*<i!+B!)$V$X4$p
!…$/6;S!$#+!45+4!4$-2!=:$;C!]$hL7,*9*C!5!@+!).;&!8-P!78*#$QB!D-$0,&!+B!B$>'f+!5!M$_-+
!g.F#!DFz/3!$&!R!"*60!@+!=6{!R!+B!455+4!L!vb:$&!d$/:+!^*&!slm$N!‹B}+!=N!˜x*6f
!gB.{!KB$(.l*#!yS!$*F#+!g,*Q!B4!"l#PB!"&!"#!R!8*#+4,W!ƒ.>%3!D-+8V!5!4$XB+!^-8&
!783P!78#+.f!™>h!B4!5!L!DQ+!v6;'3!D:8;3!5!‚$>#+!]$<_&!DNJf!g5+,c!$3+!R!48/&
!5!]8;:$&!,3$-!@+!)+!2!"(!4./?&!D-P!^-+!D;-,X!km${!g.F#!)+,l/3!M+!=l-!"(!DQ+
!R!)5,(ˆC!sl6;:!slq;-!R!=•F:+!5!,l/<:+!5!Ž$?bx:+!^0!=E/-!5!=&,z:+!K~!Ž$'-+!5!)$9m}+
!+B!)$34,3!’$Q5+!5!4.X!B$l&!s:$0!=#+4$&P!K+,&!$*#4!B4!"š#P!=3$<C2!DxW!5!D?W!,*b'3
!)+MB+!=&!sV!)$zV4!B$(!~$x#!J„3!R!8'N+!r$*'m+!)+8&!U-.f!uFC!5!"#$f!5!g+~!DQ$*Q!B4
!•.6%3!,W+!"(!R!,C+,N!^-M+!M$_0+!O+8(!5!R!DQ+!783$*&!D-P!^-+!B4!R!44,Z#!^l<3
!"6<S!^-+!,&!^%Q!vm!5!='?W!•,•'93!ˆ“$(!=9&!4BP!gB$F0!B4!=#$;3!^-+!"(!='Q+.f
!,&!"(!)$3,N!à+5!5!L!DN$-!•-,X!D:y/3!^-4!B4!5!4B5P!)$<-+!]$m!B4!–!K8?#!74B+yW
!78*V.l#!j;N!"Q!M+!DF#$_3!,&!"(!=E#!5!DQ+!B.>z3!78-8/9p!D6>f!"Q!D3MJ3
!,*X4B+!)$/%Q!"<S,C!B4!5!L!8X$F#!DS$m!)P!‡$w-+!5!,-,z'&!5!8#$<#!78*X.p!j<'?3
!}+!]$3}!5!R!]$<:$&!}+!]$SB}!5!R!]$S,:$&!‰63}2!"(!8#+!74B5P!"/0!@+!•xf!R!‰&$&
!8#$<#!’.Fw3!4,3!=&!‰632!"(!8X$&!)$/\!=/;3!R!˜Q$*9:+5!]8;:$&!}+!7B$<0!}!5!R!7B$<;:$&
!L!4.?#!^l<3!DQ$*Q!]80!=&!gB$<0!5!R!8-$*#!DQ8&!]$3!5!R!44,Z#!s€$h!]$3!=&!4,3!5!R
!5!]80!]$3!K$*<*(!5!D9:$3!K,*W!)$ES!D:P!"(!Df$/X!)+.C!=3!^%Q!^-+!k9m!,&!5
!R!….63!•Jf+!,Z-4!,&!)P!`*S,C!5!R!DQ$*Q!5!]80!™*>%C!B4!7›-$N!5!L!DQ+!DQ$*Q
!O$0!5!ƒ$%&!)P!)8*QB!5!R!DQ+!='-$E#!‰X!=&!+B!vc+.0!t+.#+!5!OB$l3!1+.&+!"(!D9#P
!‰-4y#!5!B54!5!R!44,W!j3$X!+B!)$34,3!"N$(!D6>f!54!^-+!uN$/3!^l:5!R!4B+4!,V$|!Bˆ;C
!K$*m+!5!R!$E6f4!,C+.C!5!g$0$xCB+!8-y3!5!R!=m+.#!gB$<0!"\!R!8X$&!k*>#!)+M+!+B!)$ES
!5!]$„3+!5!R!DN,m!1$&B+!k9(!5!D?*;3!1$FQ+!8*E<C!5!R!)$?-5B4!"*N,C!5!R!g+.3
!œxm!5!R!‰:$93!‘Fa!5!L!)+89x3!u<h!5!R!$EV+B!^3+!5!R!DQ+!v6;'3!]8;&!R!)P!g+.f+
!,C!K.h!1$&!54!^-+!M+!+B!s:$0!K$z&!y*š*V!5!R!’./3!DQ$*9&!R!)$-8;'3!,SM!5!R!‰:$<3
!)+89x3!5!8/X$&!74.QP!)$b6>3!"(!4.&!8#+.C!D:y/3!^-+!+B!KB$(.l#!O+8(!y*#!5!L!D9*#
!5!R!8-P!j{$m!KB$Z3$(!]$<(!8-P!74,(!D-$0B!=FS+.&!‚,c!54!^-+!"(!7$W!,V!5!•!78*:$3
!B4!^<X4!5!DQ54!5!R!4,*W!B+,h}5!+.V!780$h,&!D*0B!5!K,l?:!5!O$0!5!ƒ$f!K$E:4
!)4,W!"#!5!R!48/&!gB.{!KB+MP!)$x*;a!,*<a!B4!"#!5!8#.X!u<S!D38f!5!D0$c!"z&B
!R!44,W!M,n3!=V$X4$p!g.9(!5!R!4.X!,-$Q!•$NP!B4!)P!,(~!5!R!8#$3!4,<C!]$_3!+B!)$?(
!5!R!D:54!5!‰63!™-$>f!M+!yS.3!8/\!='<6(!^-+!L!8-P!DQ8&!^-+!^<a!B4!O+54!"/*VB!5
!vN.<:+!@+5!R!4.X!74B5P!‹+,“+!,W8&!K5B!)./(+!R!8'N+!,-,zC!R!DQ$*Q!5!]80!^Q$b3
!!L74.S!˜;Q5!"/<&!R!"3$<C}
!+B!s:$0!"nQ+5!5!+B!OJQ+!"nf!"(!R!"<Q+!y0!R!+B!K+8f!,3!,lX!5!$/i!5!8<m!5!d$eQ!5
!1$hB!‰:$3!sq0+!)$n6Q!s:$0!45+8f!DQ$*Q!5!DF*V!5!]$<(5!D<mB!5!]80!]$<_&
!4J&!‰63!˜3}+!‚,X!5!˜6<:+!^*3+5!":58:+!^*<&!O$#}+,*_3!O$3}+!,*E|!OJQ}+!‰63!s3}+
!s_;:+!5!1,;:+!….63!=:.3!@+Ž+80+!j-ˆ3!@+Ž$*:5+!j-83!@+4$F0!)$n6Q!@+
!s€$z:+!@+,3$&!t4$>:+!^*cJ9:+!5!….6<:+,V$h!^-8:+!5!$*#8:+ŽJ0!s:$;:+!=N!^*cJ9:+,%N
!=N!@+!j|!^*6z„:+!•E(!^-8b6<:+!5!7,xl:+!u3$h!^*<69<:+!5!OJQ}+!y;3!@+!˜_b&
!Ñ+,:+!5!]8;:+!1$>#!ÑJ%:+Ž$<Q!1$EX!Ž$<9:+!^3!B.>/<:+!Ž+80}+!=60!8-.<:+!^*zN$%:+
!5!7B$>#+!@+y0+!^*/3.<:+,*3+!@+8w0!^*l'lFQ!B.>/3!=&+LLL!^*aB}+!=N!^3}+!‘Q$&
!74,'9W!)$*<:$0!5!s:$0!,&!5+!O$;#+!5!)$9m+!‡$/S!5!DQ+!78*#+4,W!"'Q+BP!7B+8'h+!•0$a
!5!78*#$QB!58&!R!1$9'(+!v-,c!M+!sV!5!žB+!"S5!M+!sV!R!•$zb'Q+!slb&!KB+8#$ES!D&.#!5
!5!]80!"-$Q!B4!+B!D63!5!D3+!K$x;a!5!74B5P!5+!D-$0B!5!D-$<m!•/(!B4!+B!s*:$h+!v-Jf
!Ÿ-.xC!5+!DQ$*Q!5!D:$-+!"&!KB$-,EX!)$3M!5!R!KB$Z3$(!)$/0!5!74+4!O+BP!5!DN+B!"3$Q
!,E&!$C!R!78*#+4,W!8-.3!y-y0!,>#!,C+.C!5!^*F3!`'N!4+83+!"&!+B!"#$V$X4$p!s-+y0!5!74,(
!,i$3!5!8//*&!kS+5!=z6C!5!]$Fz'Q+!+B!5+!D-+B!5+!.:!g,>#!5!,x|!8-$3,N!='(,m!"(!‚,c
!M5,3+!DQ!74B5P!K$_&!‰:$<3!k9(!DES!M+!,<0!u6n3!5!=#+.S!)+.x/0!B4!"(!"#$l63
!!L!DQ+!78X!='*W!)$V$X4$p!B.'Q4!5!$*#4!….63!758h
!!!B$/(!B4!s:$0!‰63!"'N,W!"6<m!‰*&!K+
!!B$W4B5,p!"-$Q!=#+5,9f!1$'NP
!B4!8#4$E#!)5,*&!=W8/&!8m!M+!K$p!$C!DN,W!K$S!s*6m.&!]P!,Q!B4!"/'N!.-4!,W+!,i+,&!5
!"3$#M5B!"(!4.3,N!s-8zC!=0.#!M+!=€+BP!7$eQ!1+4P!5!=?(,l?:!O.QB!)$?-+!B$(!…B+8C
!!DN,W!]$<S!)P!^Q$b3!,(ˆ&!D:54!"3$#B$(!5!R!D?W! B.3!)P!D*{!5!sQ$&!g4$;Q
!˜*Q+B!L!4$C5}+!˜'&$i!D:+M}!R!7,V$h!D:54!,N!5!=:$;C!4y-+!jwx&!"(!O$#!$&!`'N!54!^-8&!5
!M$&!‚.:$3!sQB!5!4.E;3!B+,z&!D*m$#!5!g,wm!K$VB$(!O$q#!R!DN,-ˆp!,*9*C!R!4+.c}+
!O4!‚+,c+!)+89x3!=3$<C!5!DN$-!B+,<'Q+!5!4+,c+!DQ+B!^/Q!5!DQB4!780$h,&!5!R!DNB
!5!D0$c,&!D*0B!5!K,?l:!5!O+.0!5!ƒ+.f!K$E:4!5!R!8#4B5P!‘%&!,Q!5!8#8*?(B4
!5!‰63!D<?m!5!R!83P!j{$m!7.S5!"<V!M+!"#$V$X4$p!,3+5+!~$x#!5!R!8*3+B$*&!D-4.F0
!s:$0!B$nh+!5!•$NP!B4!)P!,(~!5!R!DN,W!B+,h!)$/<X4!5!)$'Q54!,-$<a!B4!=V$X4$p!DF*V
!B$Z3$(!B$-,EX!5!B+4!^-4!7$X4$p!^-+!D&.#!^Q$b3!,-,zC!B4!,W+!5!L!D?W!’.9F3!5!u-$X
!5!•By&!g+~!j-$wN!5!R!45B!=0,X5!=a.f¡,xq3!^<X4!,&!5!4$&!86%3!‰63!B4!"(¡
!^-+!"<S,C!M+!‹,“!R!4.X!74+4!=n9&!5!=m,X!+B!=V$?/V$X!…B$F3!)+8#$f!kh$/3
!s-.W!7,V$h!D:54!K$/i!"(!4.&!8#+.C!$_(!M+!jb3!^-+!4.f!+B!78/&!^3!5!R!44,W!D-$N!1$'(
!!!"(!•
!!K8X$&!)$&M!+B!Dl6<3!,W+
!!K8X$&!)$ES!7$X!K.W$/i
!!‰6N!8V+.f!"(!,xq<:+.&!‰63
!!K8X$&!)+,3$(!5+!8/#$3!"(
!!!DQ+,C!K$/i!)$(!)$'Q+4!8{M
!!K8X$&!)$'Q+4!‰-!"(!$#$<V
!KB+8#$ES!B4!¡4$&!B5,p!78/&!5!7$X4$p!"?*<V!"(¡B5,p!78/&!7$X4$p!^-+!j*zC!5!+8'h+!5
!"6Fh!sE/*V+,&!@+B$#+!+B!‚JQ+!….63!]$>f!=:$;3!5!R!DQ+!74.&!…B$F3!)+8#$f!OB$l<&
!!LD9'9#+4!).<*3!s-+y0
!!k9'l-!k9l:+!…+ˆ&!7$&+!=x:+
!R!=a$3!)$n6Q!L!8#5+8f!DQ$*Q5!]80!1+.&+!s-8zC!B4!"(!=a,3!8*<m!B$iP!8/\!)P
!@+!B$#+!R!DQ+B!4.<b3!sQ$z:+.&+!^*<69<:+!•E(!^-8:+!O$q#!˜6<:+!^*3+!5!˜:58:+!^*<-
!5!^-8:+,{$#!]4$0!,*3+!v&+.Q!K$*m+!B4!"(!"6<S!)P!,&!5!R!"#+y*3!g+,*%:$&!jzi!5!"#$V,&
!O.QB!5!R!DQ+B$*&!U-.f!vm+.6&!+B!)P!$C!4.<#!=;Q!R!"C,“!Ÿ*&!5!"C,xm!@+B.#!R!˜:58:+
!B$Fl*&!8#4.&!74$E#!)+B.E'3!5!"<6|!"(!O.3ˆ3!K$E'/Q!5!R!8*#+4,W!78#M!5!7M$C!+B!5+!74.'Q
!DQ54!5!R!8#4B5P!D“+,N!5!^3+!B+.-8&!D?p!"N,3!5!74.QP!^*3M!K5B!v-Jf!$C!4,(!.b3
!‚+,'0+!R!"#+,x“!Ž+4B!@+!7+4B!R!B+4!^-4!5,9f!)P!DQ$*Q!]$<(!5!D<V!.6;&!^<X4!5
!5+!s-,m!)$3+!B4!B$WM5B!)+B$FS!5!R!DN$-!~$x#!•Jc+!,&!‰:$<3!B4!5+!K$E:$„3!5!R!8#4.<#
!‰:$<3!=3$<C!5!R!8/'f$/X!5+!D;&$'3!5!D0$c!B4!U-.f!g4$;Q!5!‚,X!5!8#8*F6c!7$/p
!5!T3.h!5!)$'Q,Fc!5!)$W,W!5!)$*#$•\!5!OMB+.f!5!)$Q+,f!5!M5,<*#!5!)$'96&+M!5!^*#y“
!7$?/V$X!)P!KB+4,F#$3,N!‘Fa!B4!)$':.3!5!8/Q58/V!4J&!5!)$V$x{+!5!KB!5!)$•3+4
!$3!‰63!8m!‰-2!"(!K8#+B!…B$F3!œx:!,&!7$W!7$W!"l#$/\!83P!"'<m,&!@+!78<•C!s?'b3
!1$'(!"(!,V!5!LY/W!1+!7B+ˆW!OB$E\!5!OMB+.f!,Z-4!"Q!5!ˆ3,C!,Z-4!5!D9#$V$eQ
!"(!8#$<#!78*X.p!K5,&!"'f$/?&!B$-4!^-+!‹,0!5!].c!5!DQ+!78#+.f!‰:$93!5!‰:$<3
!B.>z3!vm!"<6(!KJ0+!,&!"#$l63!D<V!7$Z#+5!–!DQ+!74.&!8m!"\!$C!K5!‰63!Dn9&
!74,(!•h5!v6f!`:$>3!g$0+,3!5!OJQ+!^-4!g,>#!,&!+B!U-.f!]$<V!=&!g+~5!78*#+4,W
!5!":+5!,E#!$C!)$':.3!k#$S!M+!5!R!=Q.#$&!5,_/:$(!458m!5!r./h!1P!7B$/(!$C!j&$(!B4!M+!5
!B+8>h!k#$S!M+!5!R!,>3!=:+.m!5!‘*b3!K$-B4!jm+.Q!5!k-8#,Q!5!g$/3.Q!5!7B.>/3
!5!)$3,(!‚+,c+!5!"-ˆ-!5!,<0!"6Q!5!)$'Q.*Q!5!8/Q!5!7B.eFQ!5!^<-!=m+.#!=3$<C
!K8<m+!D63!1$'NP!5!R!45yN+!OJQ+!"nf!B4!Y/Q,N!B+yV54!,*9lC!B4!R!)+,l3!jm+.Q
!,{$#!]P!,'\!"-$Q!B4!OJQ+!,EeQ!t$;X!5!R!DN$'&!K4.<b3!D-+B!7$3!Tl0!M+!B$-4!)P!,&
!"(!ua+.3!)P!B4!5!R!4$'N+!$/&!8S$93!$V8l'&!K$_&!5!8X!74,'9W!=m+.#!)P!,&!^-8:+
!7B+.<V!M5,3+!8/'xW!=3!+yQ$#!75$<Q+!D6S!+B!….6<:+!‰63!"'XˆW!)$V$X4$p!B$WM5,&
!B4!7!DQ+!78X!74$E#!,F/3!B+yV!g4$-M!5!R!8/#+.f!=3!s*q0!)P,h!5!8//(!=3!g4$F0
!g83!B4!5!R!8#B+yW!=3!K4y-+!‹,N!5!8/-.W!=3!"<Q+!y0!KB$&Ž$/i!)+,&!4$*0+!5!g$;<S
!8>'xV!5!B+yV!"&!+B!)P!=:$;C!4y-+¡!D9(B$F3!)+8#$f!^-+!D:54!O$-+!"(!]$Q!4$'xV!5!8{
!R!8#BP!=3!OJQ+!B$-8&!1,m!B$-4!M+!7,N$(!74,&!M+!U*&!5!s(!B+yV!7$_/p!=:$Q!B4!¡!4$#$Q,&
!=3!"/3.3!5!^3.3!)$?-+!jQ$/C!5!!8:+.C!M+!D3$*h!^3+4$C!5!R!8//(!=3!].Fh!)$<-+!)$?-+!5
!5!g$&.„3!5!g$(,&!5!R!8/X$&!=3!‚,';3!U-.f!•M+B!5!v:$f!D*#+8m.&!"<V!5!R!8-+M
!,Z-4!5!L44,W!=3!,f83!+B!)+8#$f!^-+!….63!=3$<C!5!4.<b3!KM$“!7$?#$V$X!)P!g$/9m
!O+,E&!KM$“!7$?/V$X!='*W!5,9f!,>0!7$X4$p!s:$0!8#5+8f!"(¡!+B!).<*3!D:54!^*cJQ
!B4!)$?-+!M+!‰-,V!"(!R!DQ+!B$*9&!kh$/3!5!j-$wN!¡!4$&!)$?-+!,<0!5!‰63!žM+5!7$X
!!!8#+!74.&!='3+!78m!=60!DN+B!5!]80!5!DQ$*Q!5!D:$-+
!5!R!8-$<#!1.*;3!)P!,-,zC!B4!^%Q!=0$FX+!=&!"(!R!D9*#!^l<3!)P!j*>xC!5!‡,X!$3+
!K$E'*#!)P!^3$*3!"&!O,S}!L!44,W!1._b3!1$'(!^-+!"<S,C!M+!‹,“!4.X!74+4!=n9&!,W+
!5!8&.3!•By&!K$E#+8#$f!^-+!B4!KB+8#$ES!]Jf!5!=V$X4$p!B$;a!=N${!K$EC8*z0!5!.l*#
!^Q$b3!M+,c!R!@+!$E'Fi!R!D:54!^-+!)$V$X4$p!g,*Q!5!R!DQ+!"'?W!8-5$S!5!s-+4!5!86%3
!s6z&!)P!,(~!5!R!74.<#!4$*z#+!+B!‚,X5!y0!"#$3M!5!R!78X!O4P!=/&!,f$x3!]$<S!5!s:$0
!D-y3!j-}4!5!gB8z3!8-y3!j-$%3!"(!=:$;C!@+8<m!5!L!"'?F#!8*XB.f!,l*p!,&!4B$n0
!"nf!B4!s:$0!s*:$h+!,Z-4!"š#P!B4!™6%3!)$W8/&!K$V8*3+!5!R!DQ+!,C,V$|!"\,V!Dn9&
!5!–!,'<lb'93!"\,V!DQ.*p!sE&!)+B8#+!k9'l3!5!ž5B.3!5!45yN+!8V+.f!).<*3!‰63
!M+!"(!D9-+!78*>h!"h+,X+!@+!•0$a!K,V$h!=60+!T6_3!‡83!B4!+B!74+M!78/&!5!78/&!^-+
!g$Fi+!4.&!Dh$*Q!^-+!v-}!"(!)+M+!D*&!54!R!DQ+!78X!"'xW!=V$?/V$X!…B$F3!)$&M
!!2!4$'N+
!7$?/V$X!s:$0!8#5+8f!D<mB!5!]80!]$<_&!+B!^n3M!K5B!"?*<V!d8zC!5!=:$;C!4y-+
!4$#$Q,&!D*/3+!K+B$>h!5!D<V!D-$•&!$*#4!5!^-4!B4!5!R4+B+4!"'Q+BP!s;/:+!=:5!sq0+!]4$0
!=V$?/V$X!…B$F3!O$#!D/-M!5!).<*3!1$z:+!K$E&!5!,x&!$&,“!5!$h,X!+B!OJQ+!,&$/3!5!R
!!R!4$/(!$*#4!)$V$X!7$W!78_Q!+B!).-$<V!7$WB$&!…$f!5!R!4$#+4,W!^-y3
!!L$/*3P!]$h!+8F0!@+!sm,-!5
!R!"6wx&!s-,l:+!@+!7}.C!R!=:$;<:+.&!8*<b:+8F0!8<b3!@+,>#!74+M!78/&5!78/&!8-.W!=<V
!^3!"S+.f!"#$f!"h+,X+!@+!O+4+!=V$?/V$X!K,V$h!T6_3!]$Fh+!^<-!5!t$/n{+!,x&!).\
!5!ja$N+!5!B+,m+!"6Fh!^-B+8:+!¢4$;Q!@+!"hMB!5!"3$;#+!5!"3$-+!O+4+!5!7Ž$z&!@+!]$c+!78/&
!5!R!4.&!‚$/(}+!5!˜*<b3!‚+,c}+!˜Q5,b<3!D:+M}!•By&!g,wm!^-+!j€$3+!5!$<60!"F;(
!•6lC!t+.#+!)$?-+!8E;C!5!8zxC!1+.&+!B4!5+!5!R!K8/'f$/X!+B!5+!k#$S!7$/p!5!~J3!=Z6<S
!K4,(!=z6C!B$?F'Q+!5!M+y'V$&!"6<S!)P!,&!+B!‰-!,V!g$Q$<':+!5!R!='X+4!kS+5!•./C!5
!B4!"(!DQ+!,';-$X!)+M+!=/;3!^-+!,(~!5¡!DXˆW!8#+.'#!B$WM5B!jV+!,c$f!,&!)P!8/#$3!"(
!!!8'N+!DS$m!=&$/c+!g4$-y&!)P
!"x-$c!5!+.V!5!}!5!"{,0!B4!5!R!4.&!783P!j{$m!D3$/'Q+!5!).lQ!5+!k#$_&!+B!"<V!O,S}
!"#$f!)$/($Q!D:y/<&!8/'X+4!,-$Q!K,(~!5!,N+5!=6wN!‰-!,V!"(!)$?-+!,*V$?3!M+!K+
!8*X,:+8F0!^-8:+!)$V,&!5!R!vbQ+!8*<b:+8F0!8<b3!=a$h!).\!R!8#4.&!T6_3!"#$n&5
!8<b3!R!=x*Q!8<b3!5!R!='9&!^<m,:+8F0!R!=/E*3!80${!R!’$*f!=602!)$3$3+!5!R!,>#
!8*<b:+8F0!R!=N$lQ+!s*m,:+8F0!R!k-4+!K.aB!,?F3!R!='9&!)$<„0!8<b3!5!KB.&$9#
!R!KM$Ff!8<b32!g$h5+!=w;&!B4!R!KM,f$&!8*;Q!R,{$#!,f$N!R!KyZQ!4.<b3!R!K8V+M
!5!D9:$_3!,&!+B!78/&!^3!5!–!^-,&$•:+Ž$z&!]$c+!5!sE/3!^*a$<:+!@+!smB!R!KB.&$?#!4.<b3
!k9(!,&!DF|+.3!5!DF:$n<&!5!4.&!"'?W!7M$C!=x:+!)$/\!)$?-+!B$'xW!5!g+,(+ˆ3!5!B+8-4
!D-$“!5!L!4.&!=3!=6(!‹+,0+!]$<0+!D9&J3!5!]$•X+!g,X$F3!M+!"(!74$'N+!j*3!)P!,/V
!R!=<'9S!D9#+.3!5+!='0$Q!5!=<'N$-B4!)$?-+!M+!+B!=l-!"(!=<'X+4!B.>z3!)+,&!D<E#
!d$F:!B4!^%Q!^-+!"(!D9/l<3!5!–!=<'f$/X!D:54!5!]$Fh+!5!g4$;Q!"-$3,Q!+B!)P!5
!1$z#!‚$>#+!gB5,a!).\!$3+!R!8-P!,-$<a!U*p!•.9C!‹,;3!B4!5!R!4BˆW!,c+.f!,&!•6>C
!,(~!,&!1$'(!^-+!"(!D0$/{!g+y_;3!5!D0+,&!g$-P!B4!5!R!8-$?Z&!U-.f!]$<S!M+!89m
!8/6&!='<V!j*>bC!B4!$C!44,W!"'f$/X!–!45B!+y9&!=63$C!DQ+!j<'?3!)+M+!=w;&!B$E|+!5
!)+B.#$S!,Z-4!,&!=34P!‚,X!"(!R!^%Q!B4!R!8'x*#!j<bC!,'3$<C!"\,V!s6;C!—#B!5!R!8X$F#
!!!DN$-!)+.'#!D:y/3!^-+!R!DQ+!)+8&
!!=:$;<:+!s9z/C!8l:+!B8z&
!^-+!O$q#!5!8/W+,e&!+B!u<S!)P!kV+.3!^'Q+.fM$&!B4!U-.f!g4$0!D*wh,&!B$WM5B!).\!5
!!!R!s'9#+8#!K8E'3!k'(!D;:$n<&!yS!+B!^'?-.f!8X!"'99W!]$m
!!1$'(!)$3y:+!=N!T*6S!,*f!5
!!!8#+!"'xW!"l#P!slb&!5!L!,'N8:+!ž8b<:+!s;#!"(!DQ+!]$„3+!B4!5
!!4B.%&!O4,3!)$S!":$Q!"<V!8S
!s:$0!"*zN!]$m!^-+!K$/i+!B4!5!R!K4.&!=C$x':+!B$<Q+!5!A-B+.'&!5!=NB!=a$<m+!7$W!M+!7$W
!4,f!5,/V!D-y<&!D6S!g,wm!K$EzN!ž+8m+!M+!"(!"x*h.C!@+!O+4+!j*0$<Q+!s*V+,&+!=60
!s(!g5$xC!]+.m+!k6z'&!5+!r+y3!5!DN$-!K8E0!^9m!v*N.C!Dh5!^-+!B4!5¡!DQ+!=/„'93
!k'(!)$*3!B4!,Z-4!D%9#!8/\!)+M+!"\,W+!L!4B5P!"xbC!"/345!"6*6(!M+!='%9#¡!DN,-ˆp
!vm!,(~!5!R!8X!78*#$QB!D-$0,&!=Q54!ƒJf$&!+B!5+!•.zm!5!R!83P!74.<#!…,FC!)+8&!4.&
!5!7}5+!=N!7$/3!7$z:!5!Ž+y_:+,*f!@+!7+yS!R!83P!78*#+4,W!86%3!)+8&!5+!D-,m!5!KB+yW
!4+4!]$<S!,'E&!1$'(!^-+!^Q$b3!,lxC!5!j3$'&!5!R!4$'N+!=x:+!D%9#!)+8&!"6<S!B4!L7+,f+
!)+M+!s:$0!,<0!g83!B4!=0,X!k'(!M+!Tp!"(!R!D?W!g4$-M!)P!D;:$n3!B4!DF“B!5!R
!gB.{!B4!+B!)P!"Z#+5!–!Dq0.3!5!D<lm,&!)P!1+.&+!K$/&2!8#+!74,l#!=&$'(!,C!78-$N,p
!O+.0!8/X$&!j-$3!)+8&!1B$_C!^'f$/X!K+,&!)$34,3!ƒ+.f!"l#$/\!$C!74.<#+,N!]yV
!!L44,W!^l<'3!)$?-+!r+y3!B4!$E'<lm!)P!—-B8'&!5!8/#+.%&!sV!]yV!kF9&
!B4!+B!….63!DQ$*Q!sV!R!DQ+!DQB$<3!5!D&,_C!—/W!5!DN$>m!5!4,f!)$(!Dz*zb&!5
!)P!)8#+.f!M+!‰63!œxm!B4!+B!)$34,3!’$Q5+!sV!5!4.&!8#+.C!483!)P!)4./?&!‰63!‘Fa
!k#$_&!8/-.W!=3Š!"(!8#8*Q,p!+B!8/V!"<V+,&!M+!=l-!5!L!8X!8#+.C!j{$m!78-$N
!)4B5P!DQ8&!v-,c!R!4.X!78#M!)+8&!74,3!"(!8-5B!$V5B+4!K5B4!5!DQ$EV.(!)$'Q58/V
!5!gB$X!M+!^%Q!^-+!R!Ž$*X+!‰/0!D-$“!5!$£*X!DqxmŠ!"(!4+4!1+.S!Œ•!8X$&!"\!)P
!)$W4,3!M+!5!+B!)$?-+!^%Q!$V5B+4!M+!5!8#+!"'Q+.f!+B!$<60!$EV.(!M+!5!R!DQ+!)$38z'3!y3B
!=0.<_3!+B!)$/%Q!^-+!5!R!8/&$-!8&+!g$*m!s60!D<9&!5!8#4,W!78#M!t$<9&!"(!+B!)JV$S
!)4B5P!=#+.C!DQ8&!,W+!R!8X$&!8/V!….63!^-+yf!B45!8/#+.f!"/34!"6*6(!+B!)P!"(!DQ+
!!LŒ48#.*p!].>b&!‹,“!^-+
!D63!5!D3+!"&!D3+!M+!"(!,C+,N!^-M+!D6*wN!O+8(!5!R!D9*#!D-$E#!+B!1$'(!^-+!^Q$b3!5
!8*QB!"/0!@+!•xf!)+5,X.#!K,9(!"&!=V$X4$p!).\!5!•!D?Z#!454,3!5!8*QB!D63!"&
!B58{!B4!5+!DQ$*Q!5!d$-!,(~!5!DQ+!=h$&!B$WM5B!"S5!,&!5+!DN+B!5!]80!D*{!"(¡
!O+8(!5!R!8//(!"*F?C!58&!KB$(.l*#!B4!+B!OJQ+!^*cJQ!"(!8m!)+8&!$C!R!DF„3!A-B+.C
!^3M!=N!g8:5!"(!DQ+!"'X+4!=#+MB+!‚,X!^-+!+B!5+!,F3$•*p!"(!,'WBy&!^-M+!g4$;Q
!5!8#4B5P!dB$p!Dl6<<&!8/V!B$-4!M+!$E'6*b&!+B!)P!$C!4+4!]$„3!)+5,*X.#+!¡•]4$;:+!‰6<:+
!5!g+B$X+!5!4$E#!)P!=w'z3!,&!U-.f!‰63!K$VB$(!K$/&!5!L!4,(!"<S,C!K.6Ep!)$&y&
!+B!)P!5R!!Df$/X!O+.0!5!ƒ+.f!DQ$*Q!B+4.<#!5!$*#4!5!^-4!`:$>3!DQ,Eh!+B!)P!œ0+.3
!"(!B$-,EX!4,S4y-!O$-+!,fP!$C!5!R!4,<X!T*x#!=C,*f~!5!y-y0!='FV.3!U-.f!^-+yf!B4
!!!L!8#$<&!B+,h!^-+!,&!4.&!s_0!….63!,fP
!=m+.#!)P!,&!vm!D63!`F{!5!8X!`'N!OJQ+!K$V,l?:!DQ4!,&!dB$p!5!•+,0!4J&!).\!5
!4.&!=3!=x;X!5!=6*3!)+8&!+B!)$?-+!5!DXˆW!=3!$x6f!t$<Q+!,&!1$'(!^-+!,(~!4,(!t.6c
!"(!R!sE/0!@+!=aB!d$F;:+!^&!@+8F0!^&!=60!^&B.>/3!,x;S.&+!^*/3.<:+,*3+!D&.#!B4!$C
!uxz<:+!^&+!R!"<0!^0!=aB!5!"*60!@+!=6{!=xn>3!s0!)+8#$f!M+!DQ+!74.&!Dx*6f!O54
!,Z-4!5!4$'N+!O$<C!=:$Fh+!)+,&!+B!7$X4$p!)P!5!R!4,(!"<S,C!KM$C!D•6&!K.6Ep!)$&M!M+!+B!)P
!!!L!8#4,(!!+8'h+!)+8&!D3+!,&$(+
!8'N+!DS$m!=0$FX$&!)P!‡,X!B4!"(!DQ+!,C!u-$X!)+M+!5+!‰63!Dn9&!5!D<V!.60!]$m!5
!5!DNJf!y(,3!M5,3+!"(!DQ+!4+8•&!g,wm!s?'b3!7$X4$p!)P!=h$&!B$iP!M+!=l-!5!L
!)$/\!OJQ+!4J&!B4!"#!L!D9#P!•Jc}+J0!OJ9:+!"/-83!5!‰63!uF/3!5!D3$3+!,z'93
!$E:J|!@+83!g,wm!)P!™-$>f!M+!=l-!5!L!,x(!B$-4!B4!"#!5!8/V4!=3!)$?#!K,EX
!,£&!"&!"/0!@+!=aB!B.>/3!,x;S.&+!^*/3.<:+,*3+2!8'x*#!•$xC+!$_#P!$x6f!g$N5!"(!D9#P
!^*/3.<:+!,*3+!5!R!DNB!g,fP!‰6<&!$*#4!‰63!M+!@+!$EQ,m!"l3!=:y/<l-!).<*3
!R!)$W,W!7+B!B4!)+ˆFQ$3!"6m,<&!"/0!@+!=aB!K8E<:$&!kz6<:+!B.>/3!^&8<b3!@+8F0.&+
!^*/3.<:+,*3+!5!R!4$&P!=9*;&!K4$E:$&!kz6<:+!K8E<:+!^&!=Q.3!8<b3.&+!^*/3.<:+,*3+!5
!^&!@+8F0!d$F;:+.&+!^*/3.<:+,*3+!5!d.c!"&!8*X,:$&!kz6<:+!K8E<:+!^&!)5,V!,x;S.&+
!4.F#!Dx*6f!]$m!)P!B4!$3+!8X!"'?(!4+8•F&!^*3+!8<b3!5!R!d.Q,c!"&!kz6<:+!)5,V
!B.>/3.&+!^*/3.<:+,*3+!‰-4y#!8E0!^-+!B4!5!R!8#4.&!74,(!t$<S+!5+!u6f!,&!D3+!k6“+5
!g,wm!5!ua.3!)P!)$*3!5!8X!8*EX!•+,0!458m!B4!@$&!8X,'9<:$&!kz6<:+!jwx:+
!1$b{+!M+!T(,V!5!DQ+!B$*9&!,EX!^-+!^Q$b3!5!L!8/V4!=3!)$?#!O$<C!DN$93!4+8•&
!!L!74B5$*&!=N.'93!)P!j*>xC!5!‡,X!5!R!8#+!74.<#!=a.f!)+B4!A-B+.C
!)P!K$S!"(!8/\!,V!83P!74,(!4+,-+!B.>/3!^*/3.<:+,*3+!)$/%Q!M+!8/\!K+!"'l#!)./(+!5
!=3!4.f!)$/*?#!sV!$&!K5B2!8X$&!K+!78-$N!)+M+!+B!)$W8/#+.f!"(!DQ+!^l<3!$3+!D9*#
!O.z-}!^32!]$h•!sV!^3!5!+.:$h!¤8-B+!$<(!˜;&B+!=&$&!=60!).l-!)+!=:+!=/S.m+!$32!"(!DxW
!@+!=N!7ˆf$-}!‹$zN!sV8m+!$3+Lu&B}+!"<€+!.z&!}+!O.z-}!,-,9:+!)+!$<(!sE&!}+!=l63
!2!"(!8X$&!^*/\!=/;3LLLŽ$-.h}+!^3!!Ž$x;w:+!•>/-!"c,X!km$>N!=#$„:+!$3+!5!–!s€}!˜3.:
!=3$Q+!j*>xC2!8/'xW!)+,a$m!¤!8#4,W!s€$h!^3!7$WB4!,&!"(!4,3!B$Eš&!sS$'b3!"#.Z\
!D%C!"l#$/\!4.&!8#+.'#!DQ+B!‰63!B$(!)$?-+!=&!"(!=#$9(2!DxW!•!DQ+!"#.Z\!)$?-+
!v-,c!M+!t,X!O$lm+!K$w3+!B4!"(!=<($m!)$?-+!M+!=l-!2!8'9*#!DQ+B!"-$pB$E\!=&
!='x*6f!O54!5!–!4B+8#!M$&!vm!7+B!M+!+B!5+!)$34,3!UV.l#!5!4BˆZ#!D#$3+!D*wh!5!D#$-4
!•.zm!5!$ES+,f!"(!`{$#!=N$(!O.Q!5!–!8#$'9&!K.h!)$<:$|!M+!•*;a!)$3.6q3!‚$>#+!"(
!5+!s6|!M+!^3!"(!4B+8#!+5B!=6<m!D*0B!,&!5!8/(!k6c!$>z'Q+!"S5,&!]$<:+!D*&
!DxW!•!^*/3.<:+,*3+!$-!D9*(!OB$E\2!8/'xW!¤!7P!7P2!DxW!5!8-yZ&!D?Z#+!"Z#+5LOB+y*&
!!!L!4BˆZ#!•8{!8m!M+!5!8/(!$E#+!DQ+B!5!DQB4!B$Ff+!"(!K8-,&!km${2
!5!OyE#+!+~+!"F6c!=N!8_:+!…,'&!B+,x:+!…580!=:+!kFm!"(!4.3,N!=3!$E:$„3!K$/i+!B4!5
!^<X4!]4!B4!+B!^'%-,W2!"(!8X$&!^*/\!=/;3!L!‰*60!^*0!…,l90!=N!^3!j(!)+!s60+
!,&!8#.C!,l?:!B4!"(!,V!"(!)+8&!5!K5,#!5+!k6c!B4!4y-,Z&!).\!"l#•&!)+4,W!DQ54!4.f
!!L!8/Q.Q$S!.C
!+B!5+!]$„3!R!4.<#!80$zC!5!83P,&!•6%C!4,W!5!4$E#!KBˆ0!R!4,(!$08'Q+!g,wb&!+B!=63$0!5
!"„S!=3$<C!$&!$3!g,wm!K.Q!)83P!K5,&!8-P!=3!)+,W!,W+2!"(!4.3,N!u*h.C!"6<S!^-+!,&
!!L!8#BP!7$WB8&!^C!=&!5+!,Q!"(!8-$&!R!s-4,(!D0$/h!D#5.3!•*x%C!K+,&!K5!M+!=w;F&!$3
!R!,9p!K+2!DxW!=3!$<E/0!@+!=aB!+B!K8E3!^*/3.<:+,*3+!U-.f!,9p!D&${5!K$/i+!B4!5
!=-$n0!R!8/3,&!"(!,*Z3!Y/C!sV!B$(!5!R!8#.X!M$*#!=&!.C!M+!"(!^l3! +,N!,l?:!,&!D<;#
!)$?-,&!8*3+!"{,0!–!K$3,N!=3!=-.f!Y/C!=&!.l*#!=;/3!5!4$>'h+!8m!B4!74!=3!sQ,&
!!L!,*W!=3!Y/C!$n0!)$/0!5!B+4!=3! +,N
!5+!=&!4.&!8#+.'#!='3$zC$Q!+B!T(!•*V!"(!DQ+!KB$(!s*&!5!d,C2!"(!='xW!=3!"?*<V!5
!kh+.0!M+!"(!=6h$0!$-!R!4B+4!…$&!B$0!M+!"(!=<-,(!$-!L!8Q,'&!1+ˆ0!M+!"(!4.&!KB+4!^-4!$-2
!=3!1.9/3!j%F&!+,3!7!+B!)$34,3!s/*&!=3!^32!DxW!+B!u*&B!KM5B!L!8/(!y*V,p!D6x“
!=3!M$&!)$?-+!M+!+B!)P!s/*&!=3!B$/-4!5!OB4!78/&!+B!)$/Z<V!^l:!R!s'9*#!j*%&!^3!L!8//(
!B+4!"/Q,W!+B!YQŠ!"(!s*lm!)P!DQ+!"'xW!DQ+B!5!R!8//(!D38f!)P!K+,&!M+!+,3!$C!OB+4
!!ŒL454!.C!=p!M+!$C
!5+!)+8#M,N!5!DQ+!78#$3!B$*9&!t$*a!5+!M+!5!DN$-!)$3,N!O8z3!)JN2!8/'xW!+B!5+!KM5B
!ŸFh!B4!5!8#,*W!‚,>C!B4!=w;&!]$<0!$C!8X$&!]$„3!,W+!R!8#+!78*Q,#!]Jz'Q+!"SB8&
!M+!8#+4,Z#!,*Q!^*3M!K5B!DNJf!+,(,V2!"(!4+4!1+.S!L!8X$&!O$<C!K,*N.C!+B!)+.-4!8#BP
!!L44,Z#!,*Q!sV!)$<*'-!t$*a
!ƒ.>%:+!=60!DQ+!vc$#!)P!,(ˆ&!)$38z'3!A-B+.C!5!D9*#!D-$E#!+B!7$X4$p!^-+!kh$/3!5
!T*Q$C!B4!K5!DES!M+!"š#P!5!DQ+!j<'?3!)P!j*>xC!,&!@+!"<mB!=F:$;i!,*Q!B,“
!)$/\!Oy0!~$x#!5!Oym!g$F„&!+B!458m!5!)$(B+!R!4$'N+!s-8zC!D:54!5!‰63!8*($C!5!DNJf
!80+.h!,V4!ž4+.m!5! ,\!¥4,W!5!DXˆZ&!]$Q!8{B$E\!"(!8*#+4,W!slb'93!5!B+.'Q+
!"(!$/&,V!5!L!4+4!D9#+.'#!7+B!)P!1$#~+!5!’$Q5+!"&!=66f!5!4,(!D9#+.'#!=V+5!+B!)P
!s|$/3!D-$0B!5!vm!^-4!g,>/&!)P!=X+.m!5!‚+,c+!5!4,*W!B+,h!)$9m+!5!]80!780$h,&
!Dm$Q!M+!"#$3M!DQ4!5!44,Z#!,V$|!K,i+!K5!B4!+B!]+.m+!k6zC!,W+!4.X!8(.3!v6f
!4$'N+!,-,zC!"/0!@+!=aB!7$X4$p!^-+!j-$wN!M+!B8h!^-+L8-$</#!u-8&!8X$&!,{$h!)P!g4$;Q
!!L!8-P!74$E#!‹,•&!K5B!)./(+5
!5!L!4.<#!DF“B!1$'(!^-8&!=V$X4$p!^*/\!"(!4.&!)P!†-8m!^-+!•$93!M+!4+,3!"6<S!B4!5
!"'<m,&!@+!78<•C!=#$3$9:+!8<m+!^&,>#!^9b:+.&+!8-8Q!,*3+!"&!)$Q+,f!‰63!).\
!U*&!O.q/3!^%9&!$E;Fc!j*3!"(!R!4BP!sq#B!4!+B!)P!$C!4+4!]$„3!+B!,0$X!=(45B!8*QB
!B4!5!4.&!ƒ.>%3!Dn9&!8-y<&!)$3$Q!]P!….63!M+!"*60!@+!)+.aB!7$X4$p!)P!5!L!8X$&
!45yN+!)$*#$3$Q!‰63!"nf!B4!)$V$eQ5!K5B!458m!$C!)$'Q,Fc!5!)$W,W!5!)$3,(!5+!D&.#
!5+!]+.m+M!+!='<X!,W+!5!L!DQ.*p!)+8&!KB+4B.f,&!5!u'<C!t+.#+!5!DN$-!g83!]$Q!=Q!5
!DF|+.3!)P!D;:$n3!,&!5!K4,<X!y-y0!‰*#!+B!1$'(!^-+!5L44,W!M+B4!4.X!74,(!r+B4+
!!!L!4.<#
!j{+!•/>3!"(!^<V,&!K$p8*&!5!R!8#+!74,(!5+!)$3,x&!u<S!^-+!"(!8/V!K+B!s*6?&+4!5
!54!,f!]$<(!1$'(!^-8&!5!R!DQ+!"'X+4!=V$X4$p!D<Q!R!DQ+!74.&!5+!"6<S!M+!DQ+
!)4B5P!sV+,N!B4!DQ!74,(!^<V,&!K$p8*&!"(!$E-54$S!)P!5!Df$/X!)+.C!=3!5+!DN$>m
!)+M+!DQ!74$'N+!•$xC+!+B!5+!"(!k-,“!B4$#!K$E;a5!5!k*_0!y•#!g$z*x6C!5!t.<_3!^-+
!4,f!M+!"(!,V!"\!L!4.&!8#+.C!=;a5!]$_3!)P!k*(,C!B4!+B!•6lC!•*V!"(!DQ+!,C,V$|
!4.f!D9&._b3!jz0!]$<S!M+!"l#P!5!44,Z#!78*X.p!K5!,&!)P!D6*wN!4B+4!K+!7,E&
!!L!8X$&!B5ˆ;3!g,*>&!jV+!‰-4y/&
!!¤•!B.(!8/*&!"#.Z\!=Q.3!B.#
!!¤•!,(!8#+4!"#.Z\!=9*0!vn#
!74B+yW!=FS+.&!)P!vm!M./V!4.X!"'f+4,p!g+86_3!1$'(!^-+!^Q$b3!,-,zC!B4!,W+!5
!$C!DQ!783P!78*QB!)+5,X.#!,(ˆ&!"(!ua.3!)P!M+!5!DXˆZ&!8m!"<V!M+!O+,&+!^l:!R!8-$*&
!$C!4.&!)P!‹,“!$3+!–!4B+8#!='FQ$/3!"'F:+!1$'(!Dh$*Q!$&!5!DQ+!.?m!,Q+,Q!$_/-+
!vb:+!5!R!)$*0+!5!….63!‰-4y/&!"{$f!R!DQ+!74.&!y-y0!"?*<V!D<lm!"(!44,W!"'f$/X
!R!DQ!78#$<#!g,<i!=&!5!u-$a!4.X!74,(!j<bC!=*#5.3!5!8-P!"'Q.*p!=*;Q!)+B4!,W+
!4+8'3+!,&!,(~!K$z&!5!DQ+!,F';3!j{+!KB+4!)$ES!B4!DQ$*Q!^*#+.h!DN,;3!"(!+,-M
!!L!8-$<#!)$Z-+B!4.X!78-,f!"(!$E&,E&!5!R!T*x#!=C,*f~!B$WM5B
!)+8*3!B4!T(,V!5!8#+!74,(!$E<S,C!=(45B!sn#!5!uxz<:+!^&+!"<S,C!M+!Tp!+B!1$'(!^-+!5
!5!,<Q!,-,zC!)$?-+!4+,3!"(!8-$<#!=3!^l:!R!8#+!74B+yW!=38h!4.f!]$_3!7M+8#+,&!)$*&
!4+,-+!,&!5!8#+!78#+B!,'F3!^%Q!"\!R!Dq0.3!5!D<lm!s*ExC!"#!DQ+!74.&!D-$lm!,-,bC
!!!L!74.<#!B$>'f+!">h
!5!slm!)P!5!R!DQ+!"'?W!,{$h!KM$C!k'(!D;:$n3!M+!)$34,3!DF“B!).\!R!"6<S!B4!5
!5!8-P!74,(!"<S,C!+B!)P!"(!DXˆW!,c$f!,&!R!78X!d5B83!"(!j&!4.&!78#$3!B._E3!œ0+.3
!8(.3!]$„3+!5!g$*&+!5!B$Ff+!5!g$-•&!+B!)P!5!45B!=0$FX+!)P!g+B$X+!•?(!5!^%Q!‘9&!B4
!M+!)$34,3!5!8X$&!=-$*m+!DQ+!":$QB+yV!8/\!78&M!"(!+B!1$'(!^-+!$C!R!4.X!78*#+4,W
!!!L!8/#$<#!O5,b3!)P!uN$/3!5!8-+.N
!5!g$*&+!v*x6C!5!]$„3+!^*<wC!B4!=-+BP!^%Q!‘-+,X!5!R!8X!74,(!‡$''N+!‘<#!^-+!,&!sV!5
!,&!"(!1$&!‰-!5!R!8X!74,(!)P!k*F?C!5!"<S,C!5!R!83P!74.<#!s-8zC!g+B$X+5!M.3B!‡,X
!K$/&!"\!8X!"'f+4,p!,CyS.3!"\,V!1.9/3!,E<SByF&!5!DQ+!B.>z3!k*Fc!"-5M,&!,(~
!jc$0!=6{+!D<lm!D*6m!5!=6(!DQ$*Q!"-+,*p!M+!"(!=/;3!,V!5!L!DQ+!D-$lm!,&!)P
!7$W,V!5!R!4,*Z#!]$<S!•6lC!•*E&!8-+B$*&!+B!)P!='-B$0!d$F6&!"(!8V+.f!=9(!,W+!8X$&
!‹,;3!B4!"/-+,V!5!8/-$</#!g$x':+!5+!B.-y&!4BˆW!4$'Q+!)+M!,F3!s*lm!)+8h$#!,&!"(
!"(!DQ!74$'N+!M$“P!5$W!5!,*X!)$'Q+4!M+!g4B+.3!D•:$F<&!5!1$/c+!)P!5L8'N+!Db*wN
!!L!4.X!74$?W!$_#P!M+!1$'(!^-+!)$W8/#+.f!,&!D<lm!5!s60!)$'9&!B4!5!R!D9#P!j{+
!@+!";<Q+L!=V$?/V$X!K,V$h!=60+!…B$F3!u<9&!)+!,(~!D?W!"'f+4,p!=w;&!).\!5
!^%Q!]$<(!"(!$_#P!M+!L!8X!‚,?3!=:$0!j3$C!y;&!8/\!K5yS!5!8*QBL1$b<:+!5!B$9<:+
!=#+MB+!$wCB+!5!4$<m+!‚,X!5!DX+4!78-8/9p!+B!)P!DQ+!"#$V$X4$p!y**<C!5!=Q$/X
!5!KB5,p!78/&!t+.#+!,&!B.>z3!5!D*/<C!5!D3+,(!1+.&+!,&!=/F3!8#8*#$QB!=:$„3!5!R!4.3,N
!–!8*#+4,W!M,n3!$3!T6_3!1$z:$&!+B!"S$F-4!5!Df+4,p!8-$F&!Dh$*Q!^-+!,&!sV2!"(!Dxc$0
!"\,V!D?V4!$&!5!83P!j{$m!B$%'N+!5!KB5,Q!5!B$Eq'Q+!5!]4!g.h!)+8&!+B!78/&!^-+!5
!}+!5!–!8X$F#!7B$\!)$3,N!]$„'3+!M+!+B!)$W8/&!"(!R!8X!74.<#!‹.f!D38f!^-+!B4!,'3$<C
!86f!5!"#$X!@+!=60+!R!$*#4!7$?/V$X!g,lN!]5+!5!K+B!"E-8&!"(!DQ+!B,z3!+B!)$*#$ES
!^-+!1B$_C!5!g+B$X+!j3$C!M+!"#!R!DQ+!d8h!‡5B!,&!7+B!5!j(!jz0!B+4.<#!R!"#$n6Q!5!"l63
!”$x:+!g+B$F0!^-+!D;:$n3!M+!"#!5!4,(!)+.C!gB.{!Kˆ*b?C!+B!K,V$h!B.#+!,c$f!1$'(
!!L!4.&!8#+.C!K483!+B!=V$?/V$X!)$?NB4
!!¤•^%Q!.C!‰-4y#!OBP!"#.Z\!"xbC
!!¤•)$S!K.9&!4BP!=(!"xbC!g$*m!1P
!!¤•!)M!1JW!74!M+!4y*f!4,W!"\!+B!jW
!!¤•)+4![+,\!8{!M+!48/&![B5!"\!+B!"3
!5!R!4.&!,'3$<C!"\,V!='*&,C!5!,'WBy&!"\,V!=x-,?C!+B!74+M!78/&!5!78/&!^-+!]$„3!^-8&!$3+
!5L!D?W!,f83!+B!=60+!).-$<V!B$WM5B!)P!1+.i!5!R!45yN+!,C,N+5!"\,V!g,f$x3!5!g$V$F3
!t.#!^-+!M+!DQ!78X!74B5P!j>N!^-+!"38z3!B4!)$?-+!O$#!"(!"'XˆW!….63!,W+!y*#
!B$WM5B!"S5,&!DES!)P!M+!)$?-+!,(~!$C!DX+4!y-y0!+B!$<lm!)$/%Q!5!8/'N$-!=z*N.C
!)$n6Q!s:$0!8#5+8f!D-+B!5!K+B!D;&$'3!B4!‰6N!5!D0$c!B4!"#$3M!"(!M5,3+!R!8#$3!=h$&
!,>#!5!"'-+B!5!"-+B!@+!=60+!R!s3}+!1$hB!‰:$3!s*;/:+!=:5!O4P!=/&!7$?/V$X!sq0+!]4$0
!5!d$&5!D<mB!5!]8;&!KB+4!)$ES!)$3M!5!KB$Z3$(!)$/0!5!R!DQ!783P!R!"'-.:+5!78/S
!5!…B$F3!)+8#$f!OB$l3!B4!B+4!^-4!7$X4$p!^-+!)$bSB!5!D-y3!5!¡!74,eQ!"#$l63!DQ$*Q
!"(!DQ+!,C!,V$|!)+M+!R!=h$&!5!=a$3!,V4!….63!5!,>0!)$V$X4$p!,&!R!,*q#!=&!g+~!j-$wN
!!!"(!8'N+!DS$m!=&$EQ+!5!1$/c$&!)+B4!+B!)$W8/&
!!5B!74$*p!,EeQ!),h!B+yV!8{B4
!!B$WM5B!)+8*<&!B+.Q!./\!4B$#
!4+8'3+!,&!DQ+!D0+,&!5!jwN!B+M$&!M5B!"(!).<*3!D&.#!D*{!5!sQ+!5!R!4+4!]$„3!^-+!sV
!5!D:54!u6n3!+B!s:$0!….63!D<V!D-$E#!=:$;C!5!…B$FC!8-+!L!8/-+4,W!86%3!5!8&.3!O$-+
!sQ.3!M+!KB+4B.f,&!5!u'<C!t+.#+!5!R!4$/(!B5,p!78/&!7$X4$p!^-+!g4$;Q!5!]$Fh+!k*F?C
!!L!"C.h!5!":.m!5!"'<mB!5!"/<&!R!4+B+4!=#+MB+!‰63!g+,<i!5!=#+.S
!!
!!uxz<:+!^&+!k*C,C!,&!1$'(!`''x3! !! !
!!!s*m,:+!^<m,:+!@+!s9&!!!! !! !
!45B4!5!R!"<Q+!y0!KB$&!8<m!M+!Tp!R!@+!"<mB!R!uxz<:+!^&+!@+8F0!^9b:+.&+!8-.W!^*/\
!D<lm!5!gB8h!]$<l&!=:$;C!5!…B$FC!4y-+!"(!R!OJ9:+!5!¢J>:+!"*60!R!^*6Q,<:+!8*Q!,&
!,Z-4!M+!4,f!)$bSB!5!jz0!D-y<&!U-.f!D/3!5!jwx&!+B!)$*34P!5!R!8-,N$*&!+B!s:$0
!5!R!DQ+!g+4$;Q!8/&!K$p!5!g+,*f!8*6(!•Jc+!,&!jz0!"(!+,-M!R!8*#+4,W!y*<3!)+B.#$S
!t.#!54!)P!5!L!DQ+!"'9&M$&!58&!g,fP!KB$Z'QB!5!$*#4!=3$l'Q54!5!4$;3!5!¥$;3!`:$>3
!5!L!8-P!j{$m!1B$_C!K5B!M+!"(!k9'l3!5!R!4B+4!=#+MB+!":JS!jS!4y-+!"(!Ky-,“2!DQ+
!)4M!UCP!g+54+!=&!)P!B.E|!"l#$/\!5!R!1.\!B4!DQ+!UCP!D:y/<&!O4,3!B4!Ky-,“
!1B$_':+!"(!8#+!"'xW!$<lm!5!R!8?#!,V$|!sV!DQB$<3!5!D&,_C!=&!^-+!,i+!8X$F#!^l<3
!DF|+.3!,/V!k9(!,&!5!8X!8/35,E&!Ky-,“!jz0!5!=#$<QP!Ÿ*N!M+!"(,V!5!L!].z;:+!‡$z:
!‰*#!g,fP!B4!5!8-$*&!$*#4!K$V5MBP!8-4!kS+5!"#Jh$0!j3$C!)$38z'3!1B$_C!B4!5!4.<#
!!LJ*:4!8XB}+!5!J*FQ!à5}+!.V!$3!=:+!K4$E:+!@+5!R!4y*f!D%&
!+B!D60!,V!5!='60!+B!kFQ,V!5!DQ+!74$E#!=FFQ!+B!B$(,V!=:$;C!4y-+!"(!D9#+4!8-$F&!5
!)JFz3!M+!=l-!D:54!B$WM5B!5!,<0!O$-+!5!R!8X$&!v6;'3!)+8&!slm!"(!R!=C83!5!=;a.3
!4.&!)P!dB$e&!)$'Q58/V!M+!)P!jz#!5!1$'(!^-+!"<S,C!D60!5!kFQ!5L44,W!"'Q+BP!)+8&
!4$Fh!^&!K,9(!)+5,X.#+!B$Z3$(!s:$0!B$-,EX!5!B$*'%&!]4$0!7$X4$p!)P!"<Q+!y0!KB$&!"(
!5!$VB$(!DN,;3!B4!5!R!DX+4!=#+MB+!,N+5!=qm!]80!B.#!5!jz0!t$;X!M+!R!"/0!@+!•xf!R!+B
!8*-$'&!+B!5+!•Jf+!5!]$;N+!5!R!4,(!KM5B!kh$i!g,lN!5!k€${!K+B!)P!s|$/3!Df$/X
!B4!5!R!8*#+4,W!‚5,>3!)P!t5,N!5!].{+!uF'C!5!s60!j*>b'&!D<E#!$C!L!DQ+B$*&!=#$<QP
!)P!5!R!DN$-!D9#+.'#!B4!+B!O$z3!)P!K5!M+!Tp!7$X4$p!•*V!"(!8*QB!=':y/<&!)P!t+.#+
!D<V!5!=V$X4$p!g.%#!5!L!D?W!D9#+.'#!`X,3!B+5+yQ!+B!=:$0!DFCB!5!•-,X!DSB4
!B$WM5B!)+B$FS!5!R!4B5P!U-.f!‘Fa!B4!$*#4!‰:$<3!k6“+!$C!8X!)5,z3!)+8&!K,*W!)$ES
!!L!DN$*&!$*#4!y0!M+!DQ+!)$*#$ES!1.6n3!"š#P!5!R!8*?(!D38f!5!D0$c!"z&B!B4!+B
!5!)$“,3!)$&M!M+!"(!D9*&$'(!8/V!….63!^-+yf!B4!"(!8#8*#$QB!5+!u<9&!)P!K$/i+!B4!5
!‘9&!5!D*0B!DQ$*QB4!+B!)$V$X4$p!5!R!8#+!74,(!u<S!g+,?m!5!B.*c!5!¥.m5!5!s-$E&
!5!=l*#!,V!78<0!+B!)P!5!R!8X$&!DS$m!)+8&!R!)$/<X4!,Eh!5!)$<>f!u<h!5!R!DN+B!5!]80
!+B!….63!"l#$/\!5!R!8/Q$/X!=3!D<lm!,V!‡$'x3!5!D;x/3!,V!,FV+B!5!s60!,V!"-$3,Q
!"6*6(!1$'(!+B!)P!5!R!8X!8#+.C!j{$m!uN$/3!sV!+B!)$34,3!’$Q5+!4.&!8#+.C!8-+.N!)+M+
!!L!8/#+.f!"/345
!8/3,/V!K4,3!"(!4.3,N!5!8/*F&!+B!)P!"(!8*#+4,W!B.>z3!)+,&!D<V!R!]4$0!5,9f!)P
!sE3!^-8&!$C!R!8X$&!u-$X!s60!B4!5+!4$E'S+!5!R!8#+8&!K58/V!5!=QB$p!)$&M!"(!8*F6c!8-$&
!K5!B4!=#$;3!^-+!"(!8/'N$-!)$?#!=#+.S!O$#!"-5M,&!,fP!R!8#8*F6n&!M+B4!g83L4.X!4y3$#
!5!j3$C!M+!Tp2!"(!4.3,N!5!8#+.f!U*p!+B!5+LDX+4!=C,EX!kc!D0$/>&!5!R!4.&!u<S
!.C!DQ$*(!5!4,f!]$m!"\!R!s-+!74,(!B$*'f+!•By&!=<E<&!+,C!gB5$?3!5!,&8C!5!gB$%'Q+
!^*/\!)$'Q58/E&!"(!8/-.W!=3!5LB,z3!,/V!k9(!5!s60!k6c!,&!.C!ƒ,m!5!R!D93.6;3
!O.<w3!)+8&!)+58/V!k'(!,Z-4!5!R!8'N+!jz#!B$-4!^-8&!"(!s*V+.f!=3!5!R!DQ+!=&$'(
!=:$3!5!L!K.X!].•?3!)P!r+,%'Q+!v-$h8&!5!K5!,&!B$(!^-8&!$C!8X!8-$&!"'f$QL44,W
!jxlC!8'N+!DS$m!)+8&!"(!D#5.3!5!"zx#!,V!$C!8-P!=3!74.3,N!j<m!.C!DFb{!B4!,*nf
!R!8-P!74$'Q,N!,Z-4!$C!=-$<#!M$&!8'N+!DS$m!=C4$-M!"&!5!4.X!M+B4!O$z3!g83!,W+!5!R!=/(
!!L4.&8V+.f!]5ˆF3!)+B4!$3!^-+yf!=3$<C!"(
!)P!,&!5+!5!R!8#4,(!^**;C!5+!D(,m!K+,&!).<*3!=;:$c!5!4.;93!KM5B$C!4+4!]$„3!7$Z#+5
!5!L!4.3,N!j<m!4.&!B$/-4!B+yV!74!‰-!,V!"(!7,{!7$_/p!5+!DFb{!B4!5!R!8X!)+5B!B$*'f+
!!LDN,&!‰63!)$WBy&!5!,l?:!=Z6<S!$&!5+!D;-$?<&
!5!7$X4$p!7$WB4!4,W!DQ.*p!8>z<&!).\!5!R!4B5P!sE3!^-8&!K5B!O$<C!’$?#!$&!"-5M,&!5
!5!K+B!)$l-4y#!]$m!M+!5!D?W!=3!’$Q5+!5!"h.Q!jN$b3!5!‚+,X+!5!$<60!K$E96_3
!,&!+B+83!5!vNB!"&!5!L!Df$Q!=3!=NJ'f+!ua.3!,E&!5!R!8*Q,p!=3!"xQJN!5!,EX!,*V$?3
!,&!5!L!DQ+!74.<#!=C,_V!s60!k6c!K+,&!"(!4.<#!=3!+,N!5!R!4,(!=3!=#$W8#M!k#+.S!"<V
!=a.f!)+B4!B+5!)+4$#!DX+4!7,E&!s60!,V!M+!"\!,W+!5!R!DNB!=3!K$S,E&!K4,W$X!j*FQ
!‰-!,V!5!R!DN,W!=3!)$z*NB!5!)$'Q54!5!R!D9S!=3!D{,N!T/S!,V!M+!5!R!DQ.*p!=3
!=/„'93!4,f!5,/E&!"(!4$'N+!)$?-M+!=l-!,&!5+!B$*'f+!L!4,(!=3!O$b'3+!U-$3MP!t+.#$&!+B
!5!K+B!7M+8#+!g8<&!$C!8*#$QB!=Z#$Z-!D-$E#!5!•n:!D-$•&!5+!$&!+B!KB4+,&!5!='Q54!5!R!4.&
!^-+!8*6(!,W+!"(!Df$/?&!Dz*zb&!5!R!8*#+4,W!O.6;3!+B!4.f!5+!DzxX!5!='Q54!5!D-5B
!vm!5!g5,3!5!O,(!k#$S!)+B4!8-$?Z&!K5!U*p!,Q!^-+!jxh!5!8V4!K5!DQ8&!M+B
!!L!8#$QB!D-$0,&!+B!Db:$<3!5!DFb{
!D*6V+!5!8X!,C!slb'93!"\,V!)$?-+!)$*3!Dh8>3!80+.h!5!DXˆW!^-,&!K8/šl-!).\
!)+5+,N!K$EC,F3!5!45yx*&!5+!O+,(+!B4!D?W!vzb3!+B!,Q!^-+!5+!D*3,b3!5!D#$3+!^-+!5+
!78*X.p!.C!,&!D-$“!^-+!$C!U-.f!‹,“!^3!R!B~+ˆ&!K+2!DxW!M5B!‰-!TpL!8-4!kS+5
!!L!8X$&!D-$x(!=CB$X+!+B!jh$0!5!R!!s'X+4
!B$iP!^3!='X+4!=3!B.'93!U-.f!4+,3!"\!,W+!.C!5!R!DQ+!^*/š<V2!"(!4+4!1+.S!58/V
!='Q.*p!Di$F3!^-+!.C!"(!)./(+!5!L!4+8#!D>fB!)P!B$E|$&!.C!K+.V!^l:!R!O!8-4!=3!)P
!,-$f~!T-$x#!$C!K+!783P!!.C!"(!DQ+!^X5B!1$'NP!).\!5!L!8X$&!B54!k*0!M+!s-.WM$&!,W+
!)P!K$/&!5!R!=#+4,W!,Eq'93!D<lm!K$E_/Z/&!+B!U-.f!,EX!7$X4$p!5!R!K,F&$3!D-}5!M+
!=3!B$q'#+!5!L!O4.&!78#$3!7,*f!.C!DF|+.3!5!,F{!B4!^3!$3+LK+!74$E#!D;-8f!5!,l3!,&
!4$'x*#!•$xC+!"'F:+!R!8#$3!4.>z3!B$E|$&!"(!8c+M!K+!"<6(!.C!M+!^%Q!K$/i+!B4!,Z3!$C!O4,(
!+B!78-,NP!•*V!"\!L!D?W!,C!=N${!.C!g}+.3!B4!^3!4$z'0+!œz*C!5!œxbC!^-8&!5!L
!"(!=3.h!)$*3!B4!5!R!D&,“!B4!"(!"{$f!4.&!8#+.'#!‰Q$<C!5!‰:$<C!5!4,f!5!Oym!^-8/\
!!!L!4B+4!‚.h5!)$?-+!•Jf+!5!g+4$0!,&!5+!"#!5!8/Q$/X!+B!5+!)$?-+!"#
!O.Q!R!=Q$/X!^'?-.f2!O54!5!R!s6m!5!vNB!]5+2!Df$/X!)+.'&!D6>f!D?E&!jz0!5
!‚.h5!5!M+B!ua.3!^'f$/X!OB$E\!5!R!)$?-+![+,N!K,bC!5!$aB!k6c!5!)$V$X4$p!D0$c
!,&!s?X!5!R)+,Z-4!)+M+!5!U-.f!B+,Q+!)$<'(!B4!D•:$F3!s_/p!5!R!)$'Q54!D*3,b3,&
!5!R!)4B5P!DQ8&!.l*#!^%9&!+B!1$b{+!5!)4,(!=#$&M!1,\!5!=Q.6p$\!….63!7$WB4
!+B!=X.3$f!jN$b3!B4!s'?V!5!R!^'xW!DS$m!B8z&!^%Q!5!)4.&!B4$h!U-.f!)$&M,&!s'xV
!OM}!M+,'m+!8?(!D3+8/&!"š#P!B$E|+!M+!5!8/Q,e#!"(!Ky*\!OJ0+!M+!5!^'f$Q!B$;X
!B4!5!R!44,W!M5,*p!U-.f!DS$m!,&!"(!8-$X!D?W!=6b'3!]$>f!^-8&!"(,V!5L)4,<X
!!L!8/-$<#!M+y'V+!4,*W,&!)$'Q58&!"š#P!O$<C+
!DQ!74.&!‹,“!^-+!K+,&!M+!^3!$&!.C!='Q54!"(!8X!B,z3!5!R!DQ+!u<S!.C!B4!=#$;3!^-+!5
!"š#P!B4!5!8-P!"'9S!5+!K$aB!1+.&+!"<V!B4!,W+!8X$&!=6b'3!j-$wN!^-8/š&!"(!,V!^l:!R
!,&!d+,V!d$<':+!^-+!8/\,V!R!8'x*#!B54!4,f!v-,c!M+!4.X!74.<#!gB4$F3!48#.*p!5+![+,x&
!!L!DQ+!K,nf!s*q0!5!=/%Q!•By&!"(!R!8*#+4,W!=:.'93!^3
!5!O,#!1+.S!5!R!4,l#!4B!K5!,&!^%Q!^-+!D?W!•h+5!5+!,l3!,&!58/V!"(!8-8&!"-5M,&!).\
!5!].{+!+B!)P!5!R!O4.&!78*?-8#+!uF?3!].>N!,Q!^-+!B$E|+!K+,&!^32!DxWL4+4!•*n:
!5!DFb{!•.zb&!+B!)P!‡$/S!5!k6h!5!7,9*3!5!"/<*3!5!74$E#!$-+5M!5!‚+,c+!5!t5,N
!";*6c!+B!v*i+.3!•:+.Q!5!4.E0!g$38z3!5!R!"'Q+B$*&!D>:$%3!5!4$bC+!v&+.Q!5!Db:$<3
!78X!)P!78*_*9&!5!R!78*#+4,W!"h$Q!5!"-$3!+B!D&,“!D6*Q5!5!g,_V!D3,m!5!74,(!)P
!^<*&!5!R!OB+4,&!4+,3!,l*p!M+!DN$%3!1$_m!5!s-P!DnQ$F3!K+,b{!B4!"*F;C!^-+!,&!"(
!^3!g$-5ym!5!g$*6(!,&!gB$X+!‰*&!.C!^l:LO4,W!B.>/3!5!,xq3!.C!D#.;3!D(,&!5!D*{$#
!)$&M!d$<':+!D&$S+!5!DS$m!K$wz&!5!8*#+4,W!=/•'93!1$/c+!5!t$FX+!M+!5!R!='?W!•h+5
!5!L!4.&!^*<V!.C!='Q54!5!DFb{!B4!^3!8*3+!5!8-yQ!^*<V!.C!g5,3!5!O,(!M+L4+4
!"\,V!)P!d$Q+!5!8X$&!,C8(.3!"\,V!)P!4}!^&!"(!8-+yN+!Dzi!=';6z&!,W+!8/34,f
!"'F:+!R!D9-M!)+.C!^<-+!)+B4!1P!)4.&B!54$&!)8*#+4,W!M+!"(!=V.l&!$-!R!,C!slb'93
!!L44,Z#!1.9/3!=F*;&
!$EC8*z0!$_(,V!5!L!4.&!8#+.'#!='Q54!D:y/3!B4!4,f!jV+!‰-4y/&!y*š*V2!DxW!58/V
!•./C!5!•6lC!t+.#+!)+B4!45B!$Q+.3!,Z-4!‰-!$&!]$3!5!)$S!B4!,W+!D?W!"'Q+BP!g4.<&
!M+B!,V!5!DQ+!B+,Q+!)$<'(!‹+,“+!"<V!‡$'x3!$3+!L!8X$&!,{$h!1.S5!M+!M./V!8'N+!s-8zC
!8*QB!=3.Q!¥.Z&!"l#P!M$&!5!R!8#$3!).>3!D0$*X!M+!"/-+,V!4.?#!sm,3!)+B4!=:$i!"(
!B4!"(!DQ+!KB$E&!,&+!).\!)P!]$„3!5L!48/F#!gB.{!B$l#+!U*&!5!R!8'N+!7+.N+!B4!DEFX!=&
!+B!5+!gB5,w&!8V4!OJ0+!)+M+!=9(!,W+!R!8#$<&!K+!";nh!‚,c!,E&5!8/(+,e&!)$<QP!)$*3
!)+8/\!.C!='Q54!M+!+,3!5!L8_/Z#!4,f!5!sV5!B4!)P!B$l#+!"\!R!DX+4!8-$&!kS+5!v-8>C
!tJc+!^-,&!+B!=9(!,W+!$3+!R!8-$*#!)P!"#M+.3!B4!y*\!•*V!"(!DQ+!j{$m!r$E'&+!5!!g,93
!$3!‰63!"(!8-$*#!)$l3+!B4!t$'3!5!]$<&!)P!=NJC!"(!44,W!jc$&!)$/\!$3!KB4+,&!8'N+
!•By&!7$/W!).\!R!8-$3,N!B$*9&!D&.z0!…8#+!7$/W,&!R!DQ+!¥B$Z#+!4,f!5!K.f!DXB4
!!L45B!"\!"(!8#$<#!78*X.p!8X$&
!O,b3!B$(!^c+!B4!^3!5!R!DQ+!B+,Q+!)$<'(!+B!g4.3!K$/&!=/(B!,C!K.h2!DxW!"-5M,&
!"(!D9#+4!s#+.C!=3!5!L!O+!"'X+4!B.>z3!.C!DN$>m!5!8E0!5!O,(,&!4$<'0+!5!OB+8#!,Z-4
!)P!M+!,W+!5!R!=#$Q,&!5MBP!^-8&!+,3!"(!,C!v-}!)P!D-,m!5!g5,<&!$3+!R!D9WBy&!K,nf
!!L!=Q$/X!D3,l3!5!g5,3!g$#5.3!M+!+B!)P!5!R!K,<X!jEQ!4,(!8-$&!j<bC!=_#B!DES
!M+!.C!^l:!R!DQ+!^l<3$#!^3!DES!M+!†-8m!^-+!)8*#+4,W!¥$N!"(!DQ+!B,z3!+,C!5
!5!L!8//lN+!‰63!s?f!B4!+,C!8/&$-!‚.h5!,W+!"(!R!=?-8#+!=3!U-.f!)+B$-!5!)$Z'Q.*p
!!L!8-+y#!=6•X!5!8_/Z#!)5,*&!K,Ff!"(!D9#P!^|!k:$“
!)P!^'?F#!B4!O$<C!d+,V!$&!M+B4!B$WM5B!"-5M,&!5!L!4+4!58&!$E&$'(!5!4.<#!M+y'V+!58/V
!)+58/V!k'(!,Z-4!5!1$'(!^-+!M+!5!L!4,(!"xz#!"S5!)P!B4!B$*9&!]$3!5!R!8*#+4,W!].•?3
!!L!8*#$V$W$*&!]$m!gB.{!M+!5!R!4$'Q,N!)+5,X.#!‰-4y/&!K8<';3!5!R!DN,W!D%9#
!+B!K4$X!)P!O$-+!ž4+.m!$C!8QB!5+!g,wb&!,C45M!"(!DQ+.f!5!D?W!)$34$X!)+5,X.#
!K.h!5!R!4.<#!8-$&!D0B$93!)+B42!"(!4+4!]$„3!5!4.3,N!"3$#!58&!B.N,&!5!R!8#+4,Z#!™•/3
!R!DQ+!)+,Z#!)P!].{.&!,c$f!"(!DX+4!y-y0!+B!k'(!)P!5!R!4$E#M$&!K5B!j3+!`*9N!5!]4
!+B!jh$0!)$W8/&!jS5y0!K+8f!"(!R!4,(!8-$F&!jz0!D*wh,&!)P!)4B5P!)5,*&!,*&8C!5
!8{$z&!5!8#4,(!,E3!+B!"3$#!5!L!4,*W!]$<S!Oym!5!,F{!5!1B$_'&!jz0!5!R!4B+4!DQ54
!=/<X4!DQ8&!"3$#!)P!$C!8/*&!kS+5!M,bC!tB$X!K$EV+B!M+!"(!DNB!K8*($C!5!R!4,eQ
!!L8'x*#
!,Ff!+B!K,9(!L!DQ.*p!g,wb&!5!D?WM$&!j*_;C!j*FQ!,&!8*QB!"-5M,F&!"3$#!"l#+8/\
!5!UQ,p!5!4B5P!K$_&!d.&!^*3M!5!D38f!’,X!"-5M,&!L!8#+.f!U*p!+B!5+!]$m!B4!R!8#4,(
!"\,V!='hB!4.&!"-5M,&!7,?&!B4!"(!—#B!,i+!g8V$?<&!+B!K,9(!5!L!DN$-!O$<C!1,zC
!D9'N$-!=a,3!jb3!.C!D38f!"(!)+8&!5!‰*#!78/&!K+!¥$&!]4!K.h2!DxW!5!4B5P!,'3$<C
!7$WB8&!7$Z#+5!R!4+4!U-$QP!"'xV!‰-!5!D?W!8-$&!M$&!R!78X!"S.'3!)P!g8<b3!5!g,<i!5
!!L!s*V4!]$„3!8X$&!kS+5!"š#P!$C!83P!,a$m
!5!8#+.%&!+B!"-5M,&!5!8#4B5P!,a$m!+B!g,wm!‚+,X+!5!$<60!$C!4.3,x&!4.&!s'xV!M5B!).\
!)$/Z<V!8#+.%&!).\!L!8*#+BˆW!8-$&!)+,a$m!t$<Q+!,&!+B!1$'(!^-+!).<w3!"(!4,(!gB$X+
!L!4B+yW!$V,lX!‹,“!^-+!,*9*C,&!"<Q+!y0!+B!4y-+!5!R!DxW!$V$/i!"-5M,&!,&!5!8#8#$3!7,*f
!=&!"(!8/W.9&!8(.3!4+4!]$„3!+B!"-5M,&!5!8#4$?Z&!^-+yf!K$VB4!$C!4.3,x&!K,9(!5
!!L!DX+4,&!,V+.S!5!4.z#!M+!8X$&!4+,3!"l#+8/\!5!R!DNB!8-$&B4!M+,'m+
!=/•'93!]$3!M+!+,3!7$X4$p!D-$/0!•8{!5!K+B!^9m2!DxW!5!4,(!"Q.&!^*3M!"-5M,&
!='*W!7$?/V$X!KM+.#!78/&!]$<(!M+!"(!4.&!8#+.C!jb3!^-+B4!]$3!O+8(!5!R!DQ+!78*#+4,W
!g$V$F3!5!•-,?C!K+,&!R!ƒ$f!"#$f!"3$S!M+!D9#$*3!B4!8/W.Q!).\!$3+•!DQ+!j{$m!+,3
!8#+B!)$&M,&!7$Z#+5!L!O,*W,&!8X$&!….63!g.9(!D&$&!"(!)$'QM.f!M+,c!M+!"3$S!D%C!‰-!R
!8*3$&!R!DX+ˆW!B$WM5B!d+,V!5!s*&!B4!5!O4,(!j<bC!='z?3!D38f!^-+!B4!^3!,W+2!"(
!"&!K8ES!5!=;Q!)$W8/&!DQ8&!5!R!DXˆW!=3!)$QP!5!jEQ!^3!,&!‰63![+,N!5!$aB!k6c
!4+.'#!‰63!D%&!g80$93!5!g+~!g4$;9&!yS!4+,3!…+B4+!5!B$(!~$x#!}+!5!L!8X$&!ƒJf+
!74.3,N!=#+MB+!+B!78/&!D*&!jV+!DF*“!B4!"(!8-P!g$3+,(!)P!"#M+.3!B4!D38f!O+8(!5!L!4.&
!)5,z3!$wz&!,W+5!R!4B+8#!K,nf!"#$l63!•c+.0!k/S!B4!"(!DQ+!=h$&!DS$m!‰-!5!•!DQ
!!L!4.X!,f83!+B!‰63!).<*3!O$-+!$/i!5!1+.i!5!R!48#.*p!sE&!g,fP!5!$*#4!y0!44,W
!8-$F&!$&$b3!=&!DS$m!R!D9:5ˆF3!=/(!uh.C!D(B$?3!J„3!‰63!B4!,W+2!DxW!)+5,X.#
!1$'(!^-+!B4!4,x3!=&$&!$C!8V4!]$„3!+B!,E<SBy&!‰63!K+B!8/*&!,W+2!DxW!"-5M,&!L!DQ+.f
!kVˆ3!5!k9#!5!D0$/{!D*x*(!)+B4!5!R!4M+4,e&!^3!]$m!Dx{!,&!j<'?3!78/&!^3!O$/&
!^3!‚,X!)P!$C!R!8'N+!^**;C!=;a.3!‰63!)$3,x&!+B!)P!7$Z#+5!R!8#+4,W!B,z3!uF?3!^3
!8&.3!5!8-5$S!+B!‰63!^3!=W8/&!‰*#!D*{!5!R!4.X!86%3!=h$&!B$WM5B!K5B!,&!+B!78/&
!!L44,W
!5!R!8/'?W!vi+5!"-5M,&!j3$(!jz0!5!8/6&!D<E&!5!8#4.<#!s*q0!='xZX!)+,a$m!5!K,9(
!4+4!]$„3!+B!5+!5!R!8#4B5P!,a$m!+B!,E<SBy&!L!D9V!D:y/3!)P!D*6V+!+B!5+!"(!8#4,(!•$xC+
!1$lCB+!$3!)$3,x&!"(!•By&!,nf!5!R!K+!"'9#+4!"-5M,&!ƒJf+!’,N!5!Db{$/3!•8{2!"(
!$3!^-+yf!M!+5!8&$*&!,C$/E3!"\,V!K5$*#4!)P!g+,<i!"(!s*'Q+.f!=3!5!R!"'f$/X!4,(
!1$'(!^-+!B4!"(!DQ+!B.>z3!^-,&!5+!d$<':+!5!R!4.</#!g$x':+!)+8&!"'F:+!R!4,*W!=F*>#
!"(!D0$Q!^-+!$C!g4}5!M5B!M+!5+!]+.m+!=3$<C!"l#$/\!L!8-P!74,(!ua5!4,x3!=&$&!5+!O$/&
!+B!)P!"(!s*V4!=3!]$„3!5!s-4.3,N!D&$S+!^-8&!$3!5!L!8-$*&!)+B4!DQ+!"'N$-!$3!"EN$?3!y0
!5!8#M$Q!=;<_3!$C!4+4!8-$&!OJ0+!D?W!"'f+4,p!).\!5!R!4.X!74,(!kC,3!1$'(!j{+!B4
!5!$<60!8-P!B$WM5B!jV+!)$l3+!B4!"š#P!K+B5!$VB$(!B4!.C!4$E'S+!5!R!8/#+.%&!J3,&!+B!)P
!!L44,W!O.6;3!y*#!+B!Dl6<3!‚+,X+
!DxW!1.f!K$V$04!5!4B+yW!,lX!78_Q!"-5M,&!4+8&!t$FX+!^-+!,&!+B!]$„3!^-+!K,9(!).\
!•6lC!t+.#$&!+B!)P!5!R!Df+4,e&!4.&!"'N$-!]$„3!"(!k*C,C!)P!,&!1$&!)P!,E<SBy&!5L
!=3$<C!5!"-5M,&!B.wb&!,E<SBy&!5!R!4.&!O$0!B$&!M5B!)P!5!L!4,(!,Ff!+B!‰63!5!R!DQ+B$*&
!^*9bC!B4!5!R!8/'X+4!78-8/9p!+B!)P!=Z6<S!5!‰63!5!R!8#+.%&!+B!1$&!^-+!Dl6<3!jV+
!5!,V+.S!5!4.z#!M+!4.3,N!)+,W!D6{!+B!5+!‰63!5!R!8#4.<#!D•:$F3!,E<SBy&!^%Q
!!L!4,l#!].Fh!y*š*V!"3$S!yS!,E<SBy&!5!R!ƒ$f!K$EC.9(
!R!4+B+4!O$l'Q54!+B!‰63!"?*<V!=:$;C!4y-+2!DxW!5!8*Q.F&!)+5,X.#!K$p5!DQ4!"-5M,&5
!u-$X!"\,V!D3+,(!^-8&!7$X4$p!t$/n{+!,i+!R!4$#+4,W!].{.3!5!)5,z3!g,f•&!$*#4!y0!5
!8-+.N!)+M+!+B!1$'(!^-+!)$W8/#+.f!5!R!s'?W!K5B! ,Q!5B5,Q!)+8&!78/&!^3!5!R!8X!,C
!^-,'6a$N!)$V$X4$p!D38f5!….63!D0$c!"(!8/#+8&!5!R!8Q$/?&!)P!jz#!kFQ!"(!8X$&
!B4!5!R!8/#+4,W!‚,?3!+B!5+!B$WM5B!)+5,9f!"(!4.&!8#+.C!T(!)P!•-,X!5!R!D9:$<0+
!!L!8#BP!+8*p!U-.f!D&.#!5!D:54
!!LD9&$&!74!8#+!74,(!)+58/V!"(!1$'(!j{+!)+M+!R!D9&$&!74y#$p!"/34!5!"6*6(!1$'(!5
!!
!!)$l'%F:+!,E<SBy&!OJ(!^3!.V!5!R!"/34!5!"6*6(!K+8'&+! !! !
!slm!1+.&+!5!œ0+.3!t+.#+!B4!DQ+!8/V!"/V+,&!5!$<60!74B5P!sV+,N!"/34!5!"6*6(!1$'(!^-+
!=3!)P!4,W!D6*m!v-$h8&!5!8#8*X.(!=3!s:$0!jV+!M+!•/{!,V!K$<lm!"?*<V!5!R!]$„3+!5
!7$Z#P!$C!R!4$;3!5!¥$;3!`:$>3!5!]•3!5!]$m!s|$/3!,&!j<'?3!8#M$Q!=0.<_3!"(!8/'?W
!o*6&!^%Q!"(!R!4+4!DQ4!=;a5!"6<S!^-+!,&!5!R!4.<#!K5B!1.f!•$xC+!^-+!+B!)$?-+!"(
!)+B4!+B!)$?-+!78-$N!8/\!5!R!8#4,(!u<S!¥.m5!5!)$“,3!5!s-$E&!)$&M!M+!B$*9&!)$zC$&
!8-P!74,(!‡$''N+!"(!1$&!,V!B4!$C!8/'N$-!‚,>C!]$_3!^%Q!B4!"l#P!]5+2!83P!j{$m
!$<lm!$C!DQ.*p!sE&!5!]yV!5!.E:!5!D<lm!5!8/p!"l#P!,Z-4!R!8#8*#$Q,&!t$FX+!D-$E/&
!^q&!)$<6;'3!ž+8m+!5!R!8/#+.f!"#$9N+!K+,&!)$#+4$#!5!L!8//(!D;:$n3!+B!)P!g4$x'Q+!K+,&
!B4!5!8/QB!D:.E(!8m!B4!).\!5!R!4y*f!‰FQ!)$?-,&!)P!œxm!5!8#4,Z#!Dq0.3!5!s60
!K$E_/W!5!T*x#!,-$f~!,&!7$W$#!5!R!8//*&!8-+.N!,p!+B!]4!"x*b{!8//(!=63$C!”.xb3!)P
!8'N+!=_/W!,Q!,&![.6&!]$m!B4!K4,3!"(!DQ+!)$/š<V!^-+!]$„3!5!L!8#.X!,xq3!=#$Z-$X
!!L!8-P![B$N!k9(M!+!,<0!=h$&!B4!5!8&$-!7+B!58&!=m,N!8X$&!74$E#!5+!K+,&!B8p!"(
!8Q$/?&!DQ+!74.&!)P!•*:$C!5!u<S!B4!"(!‹,“!5!ua5!j{+!"(!8-$&!1$'(!^-+!78/#+.f!5
!5+!)P!g+,<i!5!8-+.N!5!48/F#!gB.{!)+M+!5+!t$x'#+!8#$3!78*X.p!K5!,&!=/;3!^-+!,W+!"\!R
!)8#+.f!B4!,W+!"(!DQ+!gŽ+,h!^9m!+B!1$'(!^-+!k:$c!=c,X!]5+!5!L!8X$F#!$/E3!+B
!)+B4!7$W,V!5!R!DQ+!=/;3!8F:$(!‘f!"(!+,-M!•!8*QB!8#+.C!=(!=/;3!s*Ex'&!8#$35,N
!j3$C!)+B4!"(!8-$&!4.&!B4$h!)8#+.f,&!).\!5!R!44,Z#!^l<3!K$/;3!…+B4+!4$'N+!=V$F'X+
!uFc!B4!=Z'9V•&!+B!)P!8-+.N!"(!j&!R!8QB!,f•&!,C45M2!"(!48/F#!)+B4!D<V!5!8#+4!kS+5
!!2!"(!4.&!)$/š<V!45,#!"6<S!^-+!,&!,W+!"(!R!8V4!=3!K$S
!)+B4!K,<0!s/(!jxlC!U-.f!g+ˆ&!)P!jz#!,W+!DxW!4.f!$&!R!DN$-!=_/W!)$&$*&!B4!K4,3
!B.'Q!5!OBP!,a$m!8/\!KB54y3!"(!,C!‰-4y#!)P!1+.>&!R!8'N+!j-.bC!Ky*\!…8#+!5!4.X
!j*9W!^'?-.f!M+!U*p!$VB$&5!DN,&!Dh$*Q!^-+!,&!sVLO,&!"#$%&!"6<S!5!O,*W!+,(!B$*9&
!8/34,f!)P!).\!R!4.<#!,C!‰-4y#!D6b><&!)4,&!U-.f!"#$f!K.Q!+B!)$-B$l3!L!4,(
!!L!8-8#!D3+8#!5!g,9m!yS!—/W!)P!M+!U-.f!DQ4!B4!8*QB!"#$%&!"?-8#+B54
!KB$(!B4!‚.h5!=&!"(,V!5!R!œxm!B4!"#!DQ+!sEN!B4!78-$N!"(!D9#+4!8-$F&!Dz*zb&!5
!!2!"(!8X$&!)$/š<V!8-$<#!t5,X
!–!DX+4!DQ4!B4!4BM!K+!"'%C!K5!)+M+!ja$N!='Q54!R!8-.W!KM$C!"(!DQ+.f!=3!K4,3
!7$W!7$W!54,&!"#$%&L8X!"'f+4,p!).\L!T-./&!)+,&!^3!DES!M+!Ky*\!KM$C!D•:!M+2!DxW
!=/%Q!=6xb3!B4!KM5B!L!83P!j{$m!Dm$>N!]$<(!"(!4,&!)$<W!5!D9-,Z#!=3!)+B4
!45B!$nf!^3!)$&M,&2!DxW!5!8-8/%&L!8-4!kS+5!=<9FC!)+,a$m!M+!=l-!R!DxW!$nf!KM$C
!!•!DQ+!^3!"#$f!B4!^3!4BM!"'%C!5
!k6c!"(!R!8#B+4!,F';3!)+B4!+B!sEN!5!8/X.(!s60!k9(!B4!"(!DQ+!kS+5!)$34,3!,&!5
!5!R!D9*#!7B$\!‰*#!B+4,(!5!U#+4!M+!+B!78#M!5!L!D9C$<E3!M+!g,fP!"X.C!^'f$Q!5!s60
!"l#$/\!R!8#$V,&!jES!…JV!M+!+B!O4,3!D&,_C!K5B+4!5!R!8/(!^X5B!+B!]4!14+!B.#!B4!y*#
!B+4,l&!s60!5L!8V4!8-5$S!,<0!=#$W8#M!1P!5!R!8#+4,W!B./3!+B!^*3M!K5B!8*X,f!]$<S
!!LKB+MP!s(!5!DQ+!KB$(.l*#!U#+4!DfB4!7.*3!"(!4,*W!]$<S!‰*#
!$3+!8Q$/X!=3!=V+B!DN$%3!"(!8X$&!=9(!D:y/<&!8/l#!B$(!)+8&!5!8#+8&!s60!"(,V!5
!5!8#+4!=3!$E*#4B.f!g,w3!"(!KB$<*&!$-!R!44,W!J'F3!gB$“!5!unz&!$C!8/(!1$lCB+
!Ky*\!='XM!"(!T(!)P!"/-+,V!5L8'N+!•6C!‹,;3!B4!$C!8-$<#!=3!O+8h+!)+,&!)$/š<V
!8/'N+!=V$\!B4!4,3!54!"l#$/\!R!4.X!D3J3!,*C!"#$?#!8/lN+!)+B4!^'?-.f!,W+!Df$/?&
!jV+!‰-4y/&!$/*&$#!Bˆ0!$3+!D9(,'?3!54!,V!)$*3!…JV!"\,W+!R!$/*&$#!,Z-4!5!$/*&!=l-
!!L!8X$&!,C!].Fz3!gB$>&!5!4,f
!g4$N$&!,W+!"(!R!)+,Z-4!s*6;C!Tp!R!DQ+!Tx#!gy0!5!g+~!D3,m!s6;C!B4!78-$N!5
!"<V!5+!1P!M+!"(!8X$&!K+!"<?\!).š<V!4MB5!D6x“!U-.f!k*>#!B4!5!44,W!].•?3
!8-$&!,Eq'93!+B!4.f!D9%#!y*\!54!M!+5L!,Ff!=&!)+M+!5+!5!8-P!=3!j{$m!D;x/3!+B!T(
!]5+!D?W!O.6;3!1B$_C!7.S5!).\!=/;-!L!]$3!5!s602!4,(!B$„-+!+B!)+,Z-4!Tp!8*#+4,W
!^-+!=#+4$#!,W+!5!L!4.&!†0$&!)+,&!+B!)+,Z-4!7$Z#P!8*X.(!8-$&!U-.f!•Jf+!k-ÊC!B4
!!!L!8/(!U#M,Q!+B!K¦$(!"(!8X$&!KB.(!8/#$3!8/(!j<m!]yV!,&!+B!gB$?&
!O8h!"l#+M+!U*p!5!4B+4!s?\!U*p!U-.f!‹+,“+!D-$E#!$VB$(!DbC$N!B4!"(!8-$&!jh$0!5
!]$b&!5LD3+8#!5!…JE&!D<C$f!5!8?(!g,*b&!"nQ+5!}+!5!R!8#+4,W!^*;3!8>z3!8E#!7+B!B4
!M+!5+!D<V!"(,V!"\!R!4,<X!O8z3!$*#4!,&!+B!g,fP!k6c!"?*<V!"(!,C!v-}!)P!8/34,f
!8/(!g,fP!K+,&!=;Q!"l#P!y*#!5!R!,C!…8#+!)P!DhB$x3!Dh.&!5+!g+,9m!,C,{$h!$*#4!k6c
!8X$&!‚5,>3!$*#4!`:$><&!5+!=;Q!"l#P!5!R!8-P!DQ8&!+B5+!8&+!g$*m!5!8&$*&!$*#4!K$V4+,3
!4+,3!"Q!…+B4+!B4!s:$0!jV+!UX.(!5L!8#$<&!g,fP!1+.i!M+!5!R!44,W!]$&5!5,&!=#$W8#M
!5!4.f!)$*3!^'X+4!DQ+B!5!R!D?*;3!1$FQ+!8*E<C!!R!g,fP!"X.C!^'f$Q2!DQ!74.'Q
!!L!D-~+!…,C!5!KB+MP!sl&!)$34,3
!M+!]$m!•*V!B4!8/\,V!R!]Jm!"S5!M+!]$3!k9(!5!DQ+!K.zC!)+4,3!•Jf+!,C!78-8/9p!5
!5!)4,(!=6(!4$<'0+!)+,&!$3+!4.&!8-$?#!8*3.#!B$WM5B!g80$93!5!"<Q+!y0!B$W8-,NP!D<mB
!58&!g+4$;Q!O$9h+!5!g+,*f!4+83+!"(!R!8'N+!B54!DQ+B!K+B!5!4,f!M+!^'X+ˆW5,N!UX.(
!"l#$/\!,W+!5!L!4,<X!OM}!8V!5!8S!kQ$l3!B4!5!8X$&!O8h!D&$i!$VB$(B4!"(!,C!‰-4y#
!5!R!8-$</#!g$x':+!)+8&!8&$-!='FCB!=6N$“!$-!8QB!='SB8&!=6V$(!DQ+!B$WM5B!=Z#.W¦$&
!)JFz<&!j*C!"(!4.&!8#+.C!5+!B$-!D:54!5!D%&!‰*#!"\!R!8Q$/?#!DQ4!58&!U-.f!K+8'h+
!=&!g8V$_3!D6*wN!M+!5!R!8-$<#B54!j(.C!O$z3!M+!Dh5!•*E&!$C!8/*&!kS+5!)+8/34,f!5
!!L44,Z#!7,E&
!g+4$0!B+4.<#!+B!)$38z'3!1B$_C!5!4.X!"'f$Q!O$3+!+B!)$Z'XˆW!K$EC,*Q!"l#P!,C.l*#!5
!D/b3!B4!,<0!4B+4!,F';3!+B!U-.f!DQB$<3!1$&,V!B4!,W+!"(L!8-P!78*#+4,W!U-.f
!"(!,C!vN+.3!)P!d$*h!"S5!M+!^l:!Œ!DQ+!=*(,-M!=#$-M!,V!B4Š!8/-.W!"š#P!$&L!4B+yW
!v-,c!^-+!M+!,W+!"\!R!4.X!"'X+4,&!)$?-+!1B$_C!M+!4.Q!5!8X$&!78-4!)+,Z-4!)$-M
!D6mB!O$Z/V!83P!j{$m!=#$*zC+!1B$_C!).\!5!R!8-4!8-$&!=V5,l3!M5B!,V!8'N+!]580
!!!L8X$&
!)8*#+4,W!u-$a2!8#$3!O5,b3!D?*;3!D3$z'Q+!M+!8-$<#!]$<V+!$VB$(!^-+!B4!"(!B.#$S!,V!5
!d$*h!5!8X$&!1ˆ(!5!•8{!j<'b3!"(!B$Ff+!v-8>C!R!5!DS$m!sQ.3!B4!=6V$(!R!5!D{,N
!5!O$<#!‰&,š&!)4.<#!g$x':+!R!5!K+B!4+8F'Q+!"&!)P!^'N,-ˆp!5!].z;3$#!)$/%Q!,&!)P
!=';x/3!u**wC!5!)J3$f,&!‰*#!B+4,(!)4,(!4B!5!R!)$'N!1,w3!].z&!uFC!5!jV+!)8*#$_#B
!)8*#+4,W!5!¡!D9*#!+.V!uF'C!).\!.EQ!•*V!+B!jh$0!"(¡+.V!,i+!,&!^'NB!R!5!DES!)P!M+
!!L^*z-!"{,0!M+!K$p
!+B!)P!5!8-$</#!B+,{+!$nf,&!5!454!1+.{!7$/p!B4!"(!8-$&!4.X!‘*b3!jh$;&!ž4+.m!7$W,V!5
!7+B!M+!5!45B!].ES!7+B!B4!$*<;&!,FV+B!=&!"(,V!"\!L!8/l#!O$#!8E0!^9m!5!Oy0!g$Fi
!B4!B$f!,W+!5!L!8X$&!,C!‰-4y#!=V+B!sZ&!45B!,'?*p!8/\,V!8'N+!B54!O$0!tB$X!5!DQ+B
!K,Q!,&!5!4B+4!B+.f!+B!)P!5!4MB5!D6x“!)P!)4B5P!)5,*&!B4!R!8'N+!8F'93!B.E'3!s?\
!!L!4.X!B.(!DEFX!=&!R!8:$3!=3!s?\
!R!4B+ˆZ#!j<E3!sV!+B!Oym!k#$S!5!4BP!)$<-+!=#$<QP!K$V$wz&!"(!DQ+!kS+5!8/34,f,&!5
!KB+4,(,V!‰X}!"(!R!4B+8#!+5B!)+,Z-4!vm!B4!48/9e#!^'?-.f!,&!)P!8/#$3!"(!B$(,V!5
!5!s-8zC!)+B4!5!8X$&!=#8-4!"/-+,V!83P!M+,N!Dh5!5!8*Q,&!D6E<#.\!5!R!DQ+!=X+4$p!+B
!!L48/F#!gB.{!,*f$C
!!
!+B!g+B$;'Q+!7.S5!5!8/#+4,W!B.>z3!=#$;3!sExC!,&!D<V!"(!8-$&!+B!1$'(!^-+!)$W8/#+.f!5
!B4!D?3!"(!8X$F#!=9(!).š<V!5!R!8#.X!M$*#!=&!1B$_C!5!k'(!,Z-4!M+!$C!8Q$/?&
!,&!4$;3!5!¥$;3!,*&8C!5!U-.f!K$VB$(!K$/&!7$Z#+5!R!B+.-4!Tp!M+!Y/Q!5!4M+8#+!=l-B$C
!"\,V!)P!8-+.N!O+54!5!8-$<#!K5B!,C!78/&$C!"\,V!)P!uN$/3!]$<S!$C!8/E#!)P!D6*wN
!!L"3,(5!"6>N!uQ+.&!"*a,-!$<:!v*N.':+!=:5!@+5L8V4!DQ4!,C!78/-$p
!!
!!k*Fn:+!"-5M,&!1$&!!! !! !
!"#$f!M+!^3!B4$3!5!4.&!)$-,l?:!M+!^3!B8p!"(!R!dB$p!K$Fc+!O8z3!R!"-5M,&!8-.W!^*/\
!8*#+4,W!7M$C!^3!,&!R!d8zC!5!=:$;C!R!4y-+!"(!='<;#!]5+!5!R!4.&!DX4BM!^-4!K$<60
!=/„'93!)+,V+.f!5!)+B4+,&!M+!"l#$/\!R!^3!]$m!,&!)$?-+!DzxX!5!4.&!B4$3!5!B8p!='Q54
!)8#+.f,&!+,3!8*QB!DxE&!,<0!]$Q!).\!5L!D?W!ƒ.>%3!`X,C!5!D*&,C!8-y<&!5!O8X
!DF“,&!s'f$/?&!)P!D6*wN!5!4$'N+!=N.h5!…8#+!"l#+8/\!5!R!8#4.<#!Ÿ-,bC!kc!s60
!‹,;3!B4!5!s'N$-!=C,EX!D;/{!)+8&!$C!R!O8*X.(!=3!)P!s6;C!B4!k:$“!ƒ,m!5!•4${
!8#+.'#!)+M+!$*#4!jV+!K.p$ZC!"(!B$(!B$E\!)$*3!+B!U-.f!Tx#!7$Z#PLO83P!)+B$<*&!D_:$;3
!78*X.p!5!L!=h$&!1+.iL5!,-$Q!,(~!R!5!]$m!g+ˆ:!R!5!]$3!B.N52!O8*#+4,W!,*%3!DXˆW
!kc!k'(!B4!5!L!DQ!74.'Q!$E/-4!=3$<C!B4!5!)+8/34,f!"<V!‰-4y#!kc!s60!"(!8#$<#
!R!8-$<#!DF|+.3!g,fP!g,*f~!DES!M+!D_:$;3!,&!"(!"(!D9#P!$Fc+!,'6a$N!"(!8#+!74B5P
!–!44,W!,f83!=Fz0!KB$Z'QB!5!8&$*&!,C!j3$(!"\,V!$*#4!k*>#!g,*Q!^-+!D3MJ<&!"(
!)+B.'Q!•60!"(!7$(!$3+L!DQ5+!g.h!"(!8X$&!"#+4!s%C!)8/(+,p!B4!MB5$?(!‹,“!"l#$/\
!)$?#!KB$<*&!$_(!,V!5!O4,(!O$<C!]$Fh+!B$(!^-+!,&!"6<S!B4L8-P!j{$m!sV!)P!uF'&!DQ+
!).\!5!L!s'N,W!DQ4!,&!DF9m!"S5!,&!5+!D_:$;3!4.&!Db{!8*3+!K5!B4!"(!s'N$-
!Tx#!O8-4!v&$Q!^'?-.f!,&!7$S!5!]$3!B4!4.f!]$„3+!M+!+B!K+!"x-$c!5!DXˆZ&!K8/šl-
!"(!83P!‰-4y#!5!R!DN,W!^'XˆW!,c$f!,&!=#$ES!^-+!kC+,3!=/<C!5!R!D?W!j-$3!)+8&
!!2!s'xW!4.f!$&L!4.?&!K$S!M+!K$p
!]4!B4!Ky*\!K5MBP!"#.Z\!8/34,f!5!R!=/(!=<#!•,N!U-.f!B$w3!5!uN$/3!)$*3!Tx#!K+
!5!B$(!DFh$0!B4!,W+!5!•…8#+!t$'<'Q+!5!t$x'#+!5!8X$&!B$*9&!)P!D;FC!5!—#B!"(!8V4!K$S
!5!B$(!DFh$0!B4!,W+!5!•…8#+!t$'<'Q+!5!t$x'#+!5!8X$&!B$*9&!)P!D;FC5!—#B!"(!8V4!K$S
!,C!K.h5L!8-P!,9&!=#$N!s:$0!^-+!7,X!5!ƒ,m!KB+4!kS+5!=N$X!g,lN!B.W!K.Q!g,_V
!^-+!M+!L!8#+!"'?W!B5,•3!)+8&!"(!DQ+!,S$0!)54!=?3!^-+!D(B$?3!+!B$*#4!…,C!=FFQ
!)$z*NB!5!D9N.%3!7+B!"(!R!)+4,W!B.>z3!1+.i!1$9'(+!,&!D<V!5!BˆWB4!1+.{$#!"?-8#+
!,*>zC!g,fP!"X.C!^'f$Q!B4!$C!B$E/-M!L!O.6;3$#!D(,m!O$Z/V!5!‰-4y#!D6mB!5!vN+.3$#
!=#$W8#M!5!R!4$w'3!t.#!B$E\!R!8Q$N!’Jf+!,p!DQ+!•*;a!K8#5P!=34P!D*/&!"(!R!=/l#
!)P!K$w0+!5!8X$&!"'N,-ˆp!k*(,C!A*3!‰*&!"(!^-BM!D&!"l#$/\!R!K4$<0!D:y/<&!+B!)P
!].Fh!=#$-$X!"l#+8/\!5!R!4.X!M$&!sV!M+!]$m!B4!=?(!)5,*&!A*3!7$W,V!R!"'Q.*p!sE&
!,&!5!RM$/3!sV!)+B4+,&!5!)$'Q54!DFb>&!5!L44,W!=XJ'3!B.N,&!D?W!j-+M!"„S!M+!g$*m
!5!–!`S+B!K4$X!,&!758#!+5!DQ+!,{$h!).nX!M+!)P!B.Q!"(!R!¥$F3!™c,m!)$?-+!]${5
!)4$#M,N!5!jV+![+,N!K+,&!"(!4.&!8-$X!y*#!5L!,q'/3!,_V!M.Q!5!,i+!,&!•+,N!4B4!"<V!^-+!$&
!"'X+4!)P!K+8N!+B!U-.f!g+~!5!R!8'N+!DS$m!]$3!u<_&!R!)$?-+!D?*;3!1$FQ+!8*E<C!R
!5+!O,S!5!8QB!)+,Z-8&!)P!s*9#!8-+.N!R!8/E#!UCP!,&!,n0!"(!8#$3!+B!)P!DQ+B!5!R!8-P
!"(!=/l#!g$x':+!)+8&!5!=-$<#!DF|+.3!D_:$;3!,&!"(!,C!v-}!)P!1+.>&!L!4.X!"'f.Q
!]$Z/\!M+!+B!™%X!‰-!5!8X$&!v*N.C!,W+!"(!,Z#!)+B4!^l:!R!8/#+8#!k*Fc!B8h!)$34,3
!5!1P!u'<C!M+!=#$ES!"(!$_#P!–!4.X!slb'93!•Jc+!,&!¥M,3P!8-P!78*F6c!ƒJf!Dz?3
!J'F3!‰6E3!K$V4B4!5!^3y3!K$E'6;&!5!R!8/X$&!78#$3!O5,b3!8#M,N!5!DxS!g,X$;3!5!)$#
!)$?-+!Dxf!5!Db{!5!8-P!"'Q.*p!=;Q!DF9m!K+,&!)$?-+!D_:$;3!B4!,W+!R!"'?W
!='<V!^V54!,W+!5!•!Df$/X!)+.C!=(!)P!g$&.„3!5!g+,*f!7M+8#+!R!8'N+!K,bC!)$?-+
!!!2!"(!8X$&!)$/š<V!8#+4,W!jc$&!$*#4!O$nm!kF9&!=;Q!^*/\
!D<*h!^**;CB4!5!sX5,N!78*?(,&!,W+!"(!8*?-8#+!Rk&!DX+4!4.0,p!"#$f!‰-!K4,3
!!L!Df5,x&!$E&!"<*/&!‚+yW!"S5!,&!4.X!M+B4!s/(!=c$*'m+
!5!•4${!DF“,&!5!83P!M$&!DQ+B!7+,&!O4.<#!D•:$F3!Tx#!D<{$%3!B4!Dh$*Q!^-+,&!).\
!)P!^<-$<&!$C!R!8*#+4,W!•,•'93!)+B4!B$WM5B!5!s'f+4,p!)+B$<*&!rJ;&!$-B!=&!DF9m
!M+!U*p5!L!8X!,C+.'3!^<&!)$V$X4$p!kV+.3!5!gJ{!5!D?W!74$?W!^3!,&!KM5B!K$VB4
!)+,h+!5!]$„3+!M+!]$3!5!7$_&!5!O8-4!D<;#!5!=3$l'Q54!t+.#+!)+!M+!Tp!5!)$'Q58/V!,xQ
!"x*b{!,&!+B!)P!8-+.N!5!g+,<i!5!O4,(!=63$C!kc!s60!—-$'#!5!B$iP!B4!7$Z#+5!L!s'XˆZ&
!r+y3!).S!5!R!4.&!8#+.C!=6{+!Db{!kS.3!"(!83$*#!sV5!B4!=SJ0!•*V!R!s'X$Z/&!]4
!]$<0+!M$&!5!•!4,<X!$xX!kFQ+B!)P!5!8X!8/#+.C!vi+5!)+8&!)+8/34,f!j-5$C!"š&!8X$&!^-+
!gB.{!g45$;3!"(!8V4!=3!$xX!"#.W!)P!M+!D60!M+!g,fP!"X.C!^'f$Q!5!,*f!]$<0+!M$&!5
!!L!48/F#
!‚5,>3!^-4!k6n&!D<E#!5!D<V!5!O4.<#!=3,FC!kc!s60!M+!g$38z3!^-+!slb&!^3!5
!,&!7+B!"#!7$Z#P!R!v-$w3!5!‚5$%3!,Q+,Q!R!s'N$-!)$-$p!=&!5!M+B4!)P!7+B!vb:+!5L8*#+4,W
!K4+4!DQ4!=:}8'Q+!)+8&!"(!83$*#!78-4!sV!=CB$X+!kc!k'(!B4!5L+8*p!B}$Q!"#!5!^*;3
!"\,V!$E'63!1$b{+!)$*3!‚Jf!5L='?W!^l<3!={Jf!g,*m!8/&!M+!)P!g.z&!$-!5
!D;&$'3!DES!M+!K+!"x-$c!5!74M!•*;a!=f$X!B4!DQ4!žB+!v-,n&!=w;&!–!,C,V$|
!D:y/3!D;NB!5!$*#4!O$nm!K+,&!='0$<S!5!R!74$E#!)+M,:!^(B!,&!K$p!)$S!s*&!5!)$V$X4$p
!‚J'f+!5!–!74,(!78*Q.p!K$E#+.%'Q+,&!"*lC!5!"'9&!74.p!)+.*'?p!B4!]4!)$34,3!)$*3
!^-,&!‰-!,V!K+B5!R!D-$E#!=&!B$(!K$E'#+!5!v6f!K+8'&+!5!v:$f!DN,;3!B4!)$?-+!)$*3
!!L!=n%3!s>f!5!sF*>3!^3!"(!B,z3
!8*-.p!='%:!)P!k*?#!5!M+,N!B4!5!s'?Z&!K8/šl-!g,*m!5!44,C!)$&$*&!B4!g,lN!^-+!$&!5
!)$?#!=6*:4!vm!7+B!5!DQ+B!D<Q!,&!"#!5!R!4,&!s'9#+.'#!)5,*&!=p!8>z3!K.Q!"'F:+L
!t5,N!5!].{+!M+!5!s/*F&!+B!•/{!,V!K$<60!"š#P,&!D?W!s<>3!D<-y0!gB5,w&!L!s'N$-
!^-+!L!OBP!DQ8&!,-ˆp!]4!K$S!K$p!•4${!^*z*&!$C!s?l&!5!s/(!=N$?l'Q+!)$?-+!8z';3
!B4!"(!O8-4!+B!K+!"x-$c!,V!L!4.<#!s-8zC!)+B8#+!†b&!‘-+,X!5!O4B5P!K$_&!sV!4$E'S+
!=x#!5!s>f!D63!`*FzC!4,W!5!8/'xW!=3!=/%Q!U-.f!kVˆ3!j*wxC!5!^-4!`*S,C
!^%Q!K$p!"(!8X!^X5B!5!s'N$*#!)$3B4!+B!U-.f!4B4!j-5$C!•*E&L8/'?W!=3!)$x:$%3
!,W+!"(!O8*?-8#+!L!K4,(!].Fh!+B!)P!4,f!jV+!,*<a!"(!4$?Z#!y*š*V!5!R!4.&!+.V,&!)$?-+
!‹,“!km${!=F/S+!].h!5!sV4!B+,h!"x-$c!^-+!D;&$'3!,&!K+B!‚J'f+!^-8/\!^-+!M+!Tp
!!2!"(!sX$&!)+4$#!5!jN$“!)P!).š<V!OB+4!B5$&!+B
!"(!Df$/?&!5!8X!B+8*&!)$?-+!D(,m!Tb&!"#$f!8#5+8f!R!DNB!K4M8&!4.f!)+B$-$&!=FX
!+B!4.f!^32!"(!4.3,N!"Z#P!R!8*#+4,W!O.6;3!]$m!5!4,(!B+8*&!"'9VP!+B!O.h!R!8/#+4M4!O$&,&
!^3!M+!Tp!5!KP!^'xW!^%Q!B4!^3!$&!8#./X!=3!.C!M+5P!)$?-+!"l#$/\.C!5!OM$Q!1+.f!B4
!KB+4,&!)$3,N!)M!L!K4B5P!DQ8&!$_(!M+!]$3!^-8/\!^-+!"(!,'3$<C!"\,V!‡$b:$&!d,e&
!$&!]$m!='Q+B!,W+!"(!BˆWB4!]+.Q!^-+!M+!2!DxW!4,3!L!DN,W!)8*Q,p!k*C,C!)P!,&!5!4.<#
!L!4B5P!)$*3!B4!‡$b:+!5!4,(!D;S+,3!)M!L!8-P!8-8p!+B!)$34,3!5!4./?&!=9(!s-.Z&!.C
!=#.9N+!5!R!O4.&!4$'Q+!B$(!)P!B4!"(!DQ+!78X!u<S!K4M4!M+!^3!]$3!^-+2!DxW!4,3
!s:.X!"(!=<'xZ&!B$&!DxV!5!=3!4$'9*&!)+,Z#+.C!K$VB+.-4!U*p!,<z3!K$EFX!"(!s'9#+4
!=#M5B!,Q!,&!5!R!=38*QB!O$F&!D(,m!‰*&!5!=34M!1$'E3!=-$/X5B!B4!DQ4!5!R!s:.X
!,Z-4!B$&!DxV!5!=38XB4!"#$%&!1$'V$3!M+!5!s:.X!=<'xZ&!,Z-4!B$&!DxV!5!=34$'9*&
!DxV!5!=<'X+4,&!Dh$c!B8z&!L!='?W!,V$|!^3!s?\!U*p!"#$f!4.z#!"<V!L!s:.X!=<'xZ&
!=9(!"#!).9N+!^-+!D(,F&!L!=383P,&!"#$f!)M5B!M+!1$'E3!,&!5!s:.X!=<'xZ&!,Z-4!B$&
!=/*&!=3!"(!D<;#!^-+!—-B8'&L!='9&!gB.{!=#$<W8&!^3!B4!"#!5!8-4!='9#+.'&!+,3
!5!8#4./?&!)+4M4!L!8c+M!$E66f!)+M+!"(!KM.3$*#!+B!=9(!œx:!^-+!$C!B$E/-M!$3+!L!83P!DQ8&
!jV+!"(!4$'N+!^|!).\!R!!8#4,(!•h.C!='0$Q!5!R!8#4.<#!$V8-$X!).9N+!)P!^'f.3P!M+
!5!4.&!)$<V!L!4,(!)M5B!B4!K$p!5!R!s:.X!DxZ&!B$&!DxV!)+4M4!O8z3!8#8X!1+.f!B4!"#$f
!,<0!"<V2!DxW!5!DN.l&!¥$E#$X!5!DX+4,&!='Q4!1.\!"#$f!8#5+8f!L!4$'N+!5,N!).Z#,Q
!='9*(!.C!.Z&!KB$&•!K,F&!5!K8/&!7B+.'?p!]4!,N$(!.C!$C4B5P!DQ8&!]$3!5!O4M!5M$&!5!,&
!1P!K5B!,&!74$_Q!d.V!$C!8#$?#!4$&!"&!+,3!.C!O,W!O4!"(!s#+4$#!jN$“!)P!^3!2!DxW!4M4L
!L!O4B.%&!)P!K$xh!5!4$'N+!^3!B4!UCP!DX+4!s#!"'f.Q!).\!5!O4B5P!,c$f!U*p!)8/lN+
!!!L!O,F&!=#+,W!$C!M+8#+!^3!Tp!…$f!='?3!)./(+
!^-4!,&!,W+!2!"(!s'xW!4.f!$&!L!4.</#!]$<S!^*z-!gB.{!‚$?l'Q+!^-8&!"6<S!^-+!B4
!=<V!DF|+.3!KB$l&$#,&!"(!sX$&!54$S!)P!).š<V!R!s/(!g$Fi!R!^z*C!5!)$z-+!=&!R!‚JQ+
!$N5!)+8&!,<0!s'9-+!k6c!B4!B$&!,Z-4!,W+!5!R!4B+4!=3!u<c!KB$Z'QB!•6Q!uF'&!R!5!8-$<#
!"'f$Q$#!5!44,W!D-$N!D{,N!OB+ˆW!B$WM5B!g,*m!B4!,W+!5!–!DQ+!‰-4y#!jS+!"(!R!8/l#
!DQ+!)$-4+!"<V!78&M!"(!,*f!]$<0+!D3MJ3,&!"(!D9#P!^3!1+.{!5!L!4,(!8-$&!D6mB
!!L!s/(!]$Fh+!DQ+!uFc!78-8/9p!5!jz0!74.'Q!"š#+8&!R!5!s-$<#!B$>'h+
!5!O4.<#!M+,'m+!K4M4!5!D#$*f!5!s?f!5!,F(!5!)$34,3!^'?(!5!)+B.#$S!)8*#$_#B!M+!Tp
!5![5B4!M+!+B!)$&M!5!L!O4,(!=6(!‹+,0+!)$#M!K+.V!M+!5!R!DX+4M$&!D9-$X$#!M+!+B!r,N
!"'9&!L!D<EC!5!DF*“!5!)$'E&!5!UbN!).\!R!4+M!8#+.C!=C,w3!5M+!"(!=#$/%Q!5!=3$<#
!5!R!O8-4!kS+5!y*V,p!g+,l/3!,Z-4!5!K54$S!5!$*#4!='Q54!5!)$34,3!K+ˆ-+!M+!5L!8*#+4,W
!+,'N+!j*FQ!,&!1$z0!5!1+.i!5!D3$*h!5!†;&!=/;3!B4!5!R!s'f+8#+!B54!]4!M+!,*“!—#B!=/<C
!+B!‚$x0!+B!‡J{!U-.f!v*NB!5!L!s'Q.*p!)$l*/&5!O8-,F&!)+8&!M+!5!L!s'xZ#!Ky*\
!v*N.'&!D<V!"(!K$S!)P!§!)P!k9(5§!D9*#!‡J{!).\!^-,h!5!B$-!•*V!"(!s'f$Q
!5!L!8-$*#!s(!•$x#+!•*E&!5!8V4!DQ4!45M!5!8X$&!)$QP!§!"'Q+BP!5!8X$&!"'Q.*p!=#$<QP
!)$V$X4$p!M+!5!§!4,-ˆp!g5+,c!5!O$q#!g!4$-M!M5B!,V!j&!§!44,Z#!Ê(!4.&!]$<;'Q+!B4!,W+
!,i+!B4!+B!g$-~.3!,Z-4!5!t$FQ!5!445!UCP!5!1P!5!§!48/F#!gB.{!=<*&!)P!)8'Q+!B4
!B$f4+!5!g+,*f!k9(!M+!+B!5+!jS$0!g5Jm!5!8-$<#!‹+,0+!)+M+!=9(!,W+!5!–!44,Z#!^l<3
!!2!"(!8X$&!)$/š<V!8/(!"zx#!=#$ES!^-+!K$V4+,3!B4!U-.f!,<0!5!]$3!54B+4!M$&!g$/9m
!"'xQ!K+,&!DN,W!B54y3!KM5B!B4!B$/-4!8>&!+B!K4,3!5!DX+4!B$*9&!,V+.S!"(!)$WBM$&!)P
!D9-,Z#!)P!K.Q!,'E&!§!8-4!=Z/\!D9?/&!)$WBM$&!"#$f!B4!"l#+8/\!B54y3L!)P!)4,(
!"(!4.3,NLDX+4!=CB$E3!)+B4!5–!s#+42!DxW•!4M!=#+42!"(!8*Q,p!)$WBM$&L!)P!)4,(!"'xQL
!,V+.S!‘xQ!5!8X!].•?3!’$?#!)P!B4!)$WBM$&L!4,(!M$“P!¥.f!t$<Q!5!DN,W,&!LK+,9&2
!,V+.S2!"(!DxW!)$WBM$&!8/\!,VL!DQ+.%&!g,S+!8*QB!,f•&!M5B!).\L!DX+ˆZ&!74$?W
!$C!5!O4.&!.C!B54y3!2!DxW!5!83P!r$_:!B4L!4.F#!8*x3!§!8-$*#!4y3!74,($#!B$(!§!DQ+!B+,h,&
!B$WM5B2!8#$<&!,*b'3!5!83P!)5,*&!78E0!M+!gB5,w&!)$WBM$&L!O4,l&!K4.3,N!"š#P!M5B!,fP
!!L!=h$&!D#5.3!5!)$?-,p!,V+.S!5!B8V!]$3!5!u-$a
!$C!O4,W!=6b'3!g4$F;&!"(!s'Q+.f!8X!^l<'3!,*<a!B4!"6<S!^-+!,&!‡J{!^Q$b3!).\
!5!8F;C!).\!§!44,W!"'Q+BP!j<0!5!s6;&!^c$&!5!,V$|!5!8X$&!kQ$/'3!^3!B$i4!5!B$;X
!7+B!B4!=l9m!,W+!5!§!M+B4!8/<(!,*f!1ˆS!B4!5!DQ+!^*>m!^X.S!,X!uN4!B4!•x;C
!M+!"(!D9#P!K.zC!g+,<i!M+!=l-!5¡!4.<#!)+.C!‰9<C!$E#+8&!8-P!U*p!8/C!=€}$&!$-!8'N+
!5!=#$N!)$ES!^-+!K$VB$(!B4!=z'3!"(!7$W!,V!5–!D9-M!)+.C![B$N!$*#4!]+5M!5!$/N!g,9m
!5!KB+MP!s(!,&!D<V!5!8/*F&!g,*>&!,q#!"&!+B!)P!`&$z3!"/-P!,V!8/(!=63$C!78#BˆW!s*;#
!M+!$C!8V4!•Jc!+B!$*#4!5!4B.f!s(!s“!$C!8V4!$aB!$wz&!5!§!4.X!B.>z3!=Fz0!7+B!^'Q+,*p
!8-.Z&!89m!…,'&!5!§!8-P!j{$m!g+~!=Wy*($p!$C!4y*f,&!g.EX!,Q!M+!5§!8V,&!)P!g$;FC
!B5,“!t$'3!DhB$x3!g,9m!M+!$C!8#+4,W!$/XP!4.f!$&!+B!g5$%Q5!§!44,W!1.Fb3!$E:4!B4!$C
!•:+!g,fP!4$-!,&!5!§!8-P![B$N!=#$<*?p!M+!$C!4M+4,p!jz0!D*wh!,&!$VB$(©5¨!§!8X$&!s693
!R!8-$*#!Y/Q!B4!K$p!$C!4B+4!s?\!U*p!+B!D<-y0!kh+.0!5§!44,W!ua+.'3!5!u#$h!$C!4,*W
!B4!^3!DF“B!O4,(!U*&!j3$C!Dx0!g+,<i!B4!8/\,V¡8-M!^<-+!$C!8#$Q,'#!+B!)$34,3!5
!+B!8z#!g+ˆ:5!^'Q$f,&!g+.EX!U*p!M+!"(!O8*Q,C!=3!$3+!R!D?W!,'?*&!)P!1$9'(+
!B4!=&$_m!,W+!"\L!•By&!,nf!)+B4!)4,(!t,X!5!R!DQ+!B+.X4!T&!B$(!)4M!K$p!D?p
!DN,W!)$V4B4!"l#+8/\!R!DN$-!=#+.%'Q+!K.S!k:!,&!"(!YQ!)P!).š<V!`:$>3!8'N+!7+B
!1P!M+!y*#!+B!)P!$C!4,(!M$&!)$V4!7,?&!R!DQ+!K,Z-4!"(!DX+8/p!R!8-8&!1P!B4!)P!Tl0
!!L4+4!4$&!4.&!)$V4!!B4!"š#P!R!4,*W
!B4!K$p!D?p!‰*&!5!8#+4,W!=:.'93!^3!,&!g,_a!d+,V!^-+!"(!83P!‰-4y#!"6<S!B4
!s:$0!K$VB$(!kh+.0!B4!M$&!L!4.?&!DQ4!M+!)$ES!54,V!"l#$/\!L!4M+8#+!D:Ja!r.3
!^-+!K$E'<;#!"(!D?W!^X5B!$C!R!O4B5P!s?\!5!]4!U*p!+B!)P!g$#5.3!5!O4,(!K,lxC
!8/\,V!"(!B.X!1P!8/#$3!"<V!^-+!$&!5!L!DQ+!g$Fi!5!O+54!=&!•,&!=-$/X5B!).\!=#$ES
!)8*?\!"(!D93.<93!8EX!,p!7,<f!).\!5!R!44,W!,C!k:$“!=Z/?C!4.X!74B.f!U*&
!B4!‰X!=&!8-P!78-4!K.l*#!1+.f!).\!5!R!8?(!…JE&!DFh$0!^l:!8-P!¥.f!+B!O$(!)P
!B4!+B!=34P!5!–!8X$F#!•Q$C!5!,9bC!yS!j{$m!KB+8*&!M+!Tp!$3+!8-$?Z&!]4!)P!K$/i+
!4.X!,CBˆ;'3!ƒJf!5!44,W!D%Q!8/&!8/C!U*&!8/\,V!"(!)+4!"6*p!O,(!).\!)P!k9(
!!L
!jz0!R!5!$*#8&!g,fP!M+!5!Oy-,W!=3!g,f•&!$*#4!M+!"(!8-$*#!DQ+B!sV!^*/\!s'xW!4.f!$&!5
!!L!8&$-!=3!~$x#!s>f!54!,V!4+,3!,&!"i4$m!‰-!B4!5+!slm!"(!B5y3!=a$h!).\!^3
!!KB+4!jh$0!)$34,3!kVˆ3!,W
!!KB+4!]4!‰-!"(!^(!78/9&!DQ54!‰-
!5!R!4B$*#!=#M5!g,fP!g$_#!k/S!B4!D0$c!Dz?3!"\!R!DN,W!B+,h!g4$F0!,&!^3!K+B!,fP
!"(!…8#+!=%6C!"/-+,V!5!8X$&!=<#!O+,&+!R!DFh$0!D3$f5!)+8/\!$&!R!$*#4!g+ˆ:!M+!).\
!=9(!,W+!5!R!8-+M!B$*9&!=%6C!5M+!"(!…8#+!=/-,*X!"(!,'E&!8V4!g,<i!B$*9&!=/-,-,*X
!M+!+,C!K$w0+!B$&!74!KM5B!"l#$/\!DX+ˆW!8-$&!B$WM5B!s-+4!1+ˆ0!B4!]$Q!8{!"(!8/-.W!+B
!—#B!)P!"(!8-$&!=&$-!8&+!g$_#!$C!45B!=3!M$&!4.E;3!k*(,C!5!j{+!B+,z&!5!8//(!=3!+8S!sV
!—#B!B4!8/\!KM5B!,W+!L!4BˆW!='0$Q!M+!s(!K5,&!=h$&!s*;#!8*3$&!g83!^-+!5!L!8/(!B$*'f+
!,nf!5!B+.X4!B$(!+B!)P!5!8-$<#!$&+!"#.Z\!)+M+!jh$0!4,(!8-$&!,F{!D;-,X!8/&!5!g4$F0
!!•4,<X!•By&
!B.>3!smB!B4!"(!M5B!)P!M+!=34P!5!R!DQ+!1+ˆ0!5!J&!,p!s:$0!‚+,c+!"(!Df$/X!8-$F&!5
!=&P!"(!4.X!=3!"'N$-!^*/\!kc!k'(!B4!"\!L!8V,#!DNP!M+!"qb:!‰-!,<0!,fP!$C!44,W
!8'9-+!œ*6“!5!7,*C!5!4y*3$*&!)M!1P!$&!48#.*p!sm,&!).\!DQ+!)+8#M,N!U/-,NP!j{+!"(
!R!4.X!DQ$3!8/#$3!TpL!44,W!,*/p!1P!).š<V!$C!4BP!D(,m!B4!+B!)P!5!8-P!+8*p!K4$&!5!R
!5L!8X$&!slX!K.Q!,'f4!K5B!5!B4$3!D?p!K.Q!,9p!K5B!5!4,-ˆp!D<9h!$w0+!"Z#P
!K+!7,{!B4!=-.W!"(!ŸFz/3!5!sV+,N!)$/\!‚+,c+!5!L!.#+M!,&!A#M!5!=#$?*p!,&!$E'Q4
!5!=l-B$C!t+.#+!,-M!5!R!B4$3!slX!=#+,W!5!=3,W!5+!,&M!L!8#M!=3!D6*b&!Tx#L=*9'9&
!j<m!ua5!O$Z/V!5!4.X!K,eQ!K5!Y#B4!g83!).\!L!D9*#!DS$m!‡,?&!"l#$/\!=Z/C
!,Q!$C!8-P!+8*p!8#M,N!B4!D(,m!g.'h!5!R!4.X!‘693!smB!,&!K4$&!8X$&!8#M,N!8:.C!5
!)+.'#!gB.{!K+!"_/lX!•*V!B4!"(!8/*&!—#B!)P!ˆx/3!=Z/C!M+!5!R!8#+4,W!r,%3!K.Q
!R!4BˆW!5,&!‰/f!¥.f!s*9#!$-!R!8QB!58&!s*;#!5!O,#!DQ4!,W+!83P!^*3y&!).\!5!L!4,(
!]$m!B4!2!44,W!J'F3!DNP!t+.#$&!"Z#+5!L!)$WBy&!vm!B4!8X$&!)4,(!M$&!DQ.p!,&+,&!)P!4B4
!^l<3!)P!)$*&!8#$3B4!K4B8&!,W+!5!R!DQ+.f!8#+.'#!1+,X!5!O$;c!=Z/?C!5!=Z/Q,W
!O$-+!).\!5!L!D9*#!D-$E#!4.f!+B!$Eh,f!5!7B+.EW!^'X+4,&!5!)4$E#!5!U($?(!5!R!4.?#
!KB$<*&!5!4B4!g,w3!5!y*V,p!5!5B+4!D/b3!5!s6;C!5!14$C!Dz?3!B4!8*QB!,f•&!t$aB
!!L8'N+
!$&!5!L!8-P!)$*3!B4!k6c!5!k9(!,nf!R!5!7,X!5MP!758#+!R!5!8#M,N!5!]$3!s“![.6&!M+!Tp!5
!B$3!).\!=aB$0!g$NP!5!R!1+.f!sV!j&!7+,<V!K5!$&!u-$Fc!M+!4$w'3!^<X4!B$E\!"<V!^-+
!B4!v0+.{!5!j*Q!5!,VM!5!‰'N!5!O8V!5!‚,&!5!)+B$&!5!4$&!5!$3,Q5!$3,W!5!t$FQ!5!O4ª(!5
!8>h!5!R!`S+B!"<V!$&!¡!8*QB!8#+.'&!D:y/3!)+8&!,W+!¡!)P!•;a!5!K,*p!1+ˆ0!5!R!^*<(
!‘-+,X!5+!$&!5!='9*#!•*V!=#$;3!^-+!M+!"(!4.f!7$Z#+5!R!,i+!,&!)$/<X4!=:$ZQ8&!5!)$<>f
!jS+!4$*3!"(!D0$Q!)P!g,lN!D9-M!8V+.f!D3J9&!"(!='9'NB!slb'93!4.E0!5!8(.3
!t,_C!M5B!)P!"(!A6C!K$E'&B!¥5!4,(!8-$&!45B8&!+B!)+8#M,N!5!jV+!5!)$'Q54!5!8-P!M+,N
!k6c!B4!,<0!u**wC!8/34,f!•*V!R!8#+4,W!4,Q!$E:4,&!+B!$*#4!DFb3!"(!8/(!kS+5!8'N+
!5!R!^'f5,N!=6-+y&!+B!=<-+4!5!=#$x&!+B!=/F“!s*q0!5!=#./S!•By&!"\!L!4,<?#!y-$S!)P
!!L!^'X+4!T_#!^C!K+8N!+B!…$p!)$S
!M+!)$34,3!D<V!5!DQ+!74B5P!uS+,'&!K5B!•Jc+,&!g+,*f!"(!7,*C!B$WM5B!^-+!B4!"{$f
!5!g+~!g4$;Q!+B!4$Fh!^&!K,9(!)+5,X.#+!]4$0!‰63!"š#P!$&!"'?W!,{$h!g$/9m!s-8zC
!].<X!5!D_E:!•8{!5!gB8z3!]$<(!5!D<V!.60!5!K+B!g$Fi!5!jz0!Dm$SB!5!DF*z#!^<-
!5!$<60!5!s60!DFb3!5!D<mB!5!s6m!D0$X+!5!g5$%Q!5!4.S!Da$N+!5!DN+B!5!]80
!5!)$<:$|!u<h!5!)+B+yZ'38f!Dn&,C!5!)+B$FS!)8*:$3!5!$<lm!t$/n{+!5!D<lm!B$*'f+
!='9#$/\!5!R!4B+4!B$&4+!"&!j*3!"#$3M!K$VB$(!"(!s**/*&!=3!DQ+!j{$m!)$3.6q3!D-.zC
!5!L!"'?W!d54,3!78-8/9p!•Jf+!5!74.'Q!]$;N+!5!R!='Q4,(!t+45!+B!)$34,3!g+,*f!"(
!5!…5,'3!s60!5!R!,V$|!B.S!5!+8*p$#!]80!5!R!74$?W!D:Ja!v-,c!5!R!"'9&!DQ+B!7+B
!$EC5+80!5!•*;a!$E*'Q54!5!R!K5y/3!g5,3!5!O,(!5!=:.'93!gŽ$#4!5!O.:!5!R!1.6n3!jES
!5!B+8*&!D;-8f!5!…,3!5!R!O,'b3!5![B$N!)+,-,X!5!]ˆ'93!5!B._#B!)+4,3!‰*#!5!R!K.h
!O.6q3!5!R!t5,?3!v-,c!4,f!O$lm+!)8*#+4,W!u-$a!5!t.F'3!D/Q!+.V!D;&$'3!5!R!,xq3
!=#$;3!^-8&!B+8“!s:$0!5!R!1.6•3!D0$/h!5!k:$“!ƒ,m!5!R!y-y0!jnF3!s:$|!5!j*:~!vb3
!!L)+8/f!5!7M$C!1+.&+!^-+!].>b&!5!)$34$X
!,C!•-,X!=34P!"(!s'f$/?&!5!D?W!‘*b3!$*#4!K$VB$l&!"6<S!^-+!,&!^3!g,lN!).\
!=<#!Tx#!g$_#!B4!5!8#+4!=<#!U-.f!,<0«!O$-+!B8h!5!R!DQ+!g+4.S.3!,Cy-y0!5!v-Jf
!g4$;Q!^-+!u#$3!s'9-,Z/&!).\!5!O4$'N+!s*q0!DxZX!B4!]$m!^-+!g8V$?3!M+!R!8X.(
!DQ+!d+.m!g+ˆ:!)P!5!R!8#+!"'?W!J'F3!)+8&!)$34,3!"(!DQ+!,*zm!D<E#!5!…8#+!Dm+B
!7M+8#+!5!DS$m!D*wh,&!=#$;3!^-+!4.f!7$Z#+5!R!)4./X!5!)4.9p!5!)8*-.&!5!)4B.f!R
!,W+!)P!j{$m!5!R!48/F#!gB.{!^3+!)+B4!$/N!5!]+5M!M+!y*#!5!R!4,-ê#!,*9*C!yW,V!D*/3+
!+B!g,fP!g$<E3!5!D9&!)+B4!D<V!"(,V!5!R!8X$&!g,fP!5!$*#4!)+,9f!44,W!,9*3
!!.š<V!DX+ˆW!j<E3
!5!D%-5P!=V$\!B4!^'?-.f!gB5,w&5!D%-,Z&!D93!,'X+!U*p!M+!"(!DQ+!4,3!)P
!^-+!B4!L!DN,W!B+,h!=-$S!,&!¥$E-$p!5!4.&!78*-5B!)P!K}$&,&!"(!4M! $X!54!B4!DQ4
!"'X+ˆW!)5,*&! +B.Q!,Q!M+!"(!"(!4.&!B$3!B$E\!,Q!,&!K$p!54,V!R!D9-,Z/&!,'E&!)$*3
!=3!B$q'#+!+B!5+!)4$'N+!5!7$?W!)$V4!8-4!…$/<EQ!=-$V4¦+!8/lN+!7$\!,;z&!,q#!L!8#4.&
!!!L!4,(
!5+!5!L!8#8-,&!=3!B.'N!=&!s-+4!$Ef$X!)P!A*&!8*xQ!5!7$*Q!)$X.3!4.<#!g$x':+!7$\!,9&
!U-.f!U*pL!D9S!=3!=z-,c!+B!4.f!ƒJf!5!8*?-8#+!=3!K,*&8C!D/b3!^-+!K$/i+!B4
!].•?3!)P!g5Jm!B4!=0.#!M+!R!4,&!k6&!)+M+!Ky*\!R!DN$-!8EX!KB8h!5!K+!"#$f!B.F#M
!)+.'#!5!DQ+!B$3!B$E\!,Q!,&!5+!K$p!"(!8*?-8#+!"#!5!8#$3!jN$“!4.f!B$(!M+!"(!D?W
!5!8/-$<#!=3!o*6&!8S!$Ef$X!)8-,&!B4!)$X.3!5!R!8/-P!D(,m!B4!Dh5!O+8(!"(!D9#+4
!gˆ:!)P!5!L!4$'N+!$V4¦+!O$(!B4!D99Z&! $X!"l#+8/\!5!R!g$x-!=<#!7+B!)+8&!KB.'N!"'F:+
!M+!)$X.3$C!DX+8&!5+!jz0!B.#!,&+,&!‰cB$C!1$_m!5!4+4!7+B!='6x“!^*/\!58&!,*zm
!!!L!4$'N+!$V4¦+!)$V4!B4!™c,m!7B$š*&!5!8/'f+4,e&!$Ef$X!)8-,&
!D35+83!5!7$*Q!5!8*eQ!)$X.3!5!–!O4,(!8/#$3!DN$%3!5!DNP!,p!7$\!)+8&!+B$*#4!^3!Tp
!k-,zC!5!)+,#5$S!)8*#+4,W!=#$N!,&!)$?-+!kh$;C!"(!M5B!5!kX!,&!$Ef$X!)8-,&!,&!)$?-+
!7$W,V!5!DQ+!=34P!Dz6f!4$<0!"(!u-$Fn&!+B!B$3!B$E\!)P!5!–1!DQ+!B.>z3!)$?-+!]$SP
!=/-,*X!5!8EX!)8*?\!5!–1!8X$&!,a$m!•,3!5!jC$h!,VM!4¦P!D(,m!B4!)+M+!=l-!"(
!M+!74.E*&!+B!=34P!R!B$*9&!D;FC!5!—#B!5!DQ+!…8#+!)P!78-$N!"(!=#$ES!^-+!g+ˆ6&!+B!)P
!•*E&!"(!=;S,&!+B!$V4¦+!5!–R!8#+4,W!=3!"'9&!K5!,&!g$_#!7+B!5!4B+4!=3!M$&!g,fP!B$(
!@+!g+.6{!=*b-.&!D&,a!5!8'N+!t,_C!•,3!D&,X!"l#+8/\!5!R!4.&!8#+.'#!7$\!)+M+!j-5$C
!R!4,(!g8V$?3!5+!tyN!5!‚.f!5!,nf!5!].V!5!DQ.*p!8-$&!58&!"/-+,V!8-P!"'N,-ˆp!"*60
!Bˆ0!"#!5!$*E3!^'?WM$&!7+B!"#!R!8X$F#!8*x3!D&$#+!5!D&.C!5!4B+8#!4.Q!D3+8#!7$Z#P
!^3!$/6-5!$-!"(!4B+5!v9#!^-+!,&!s*q0!)P,h!B4!)$?-+!g$S$/3!)$n&!5!R!8E<3!g+,*>zC
!!!L!).6Q,<:+!•8{!5!^<m,:+!805$3!+ˆV!$#8h,3!^3!$/„;&
!)$l3+!B4!"(!B8h!)P!5!O4+4!$aB!=#$<QP!K$V$wz&!"(8*QB!DSB4!)+8&!^3!B$(!"6<S!B4
!KB$WM5,&!,Z3!"(!s'X+ˆW!=3!,<0!8*3+!^-8&!5!R!O4,(!DQ+B!g,fP!K$VB$(!M+!8_/W
!R!83P!U*p!)$'Q58/V!,xQ!$C!R!OBP!DQ8&!=/*;3!5!KB$-!5!O5$-!=6*:4!)+B4!"(!sQB
!^'?WM$&!Dh.&!5!O4.<#!s-8zC!,'3$<C!"\,V!$>z'Q+!5!†b&!‘-+,X!sV!B$-4!)P!B4!5!s'N,&
!!Ls60+!=:$;C!@+5!R!DQ+!"/34!"6*6(!1$'(!^-+!)+M+!=l-!"(!O4B5P!$E&$'(
!!
!!
!!B.„:+!5!8Q}+!1$&! !! !! !
!='Q54!,Z-4!‰-!$&!"(!^C!54!j„3!^3!DES!M+!^(!)$*&2!"(!+B!^<V,&!4.3,N!8/V!K+B«
!!L!8?(!DhB$x3!5!g5+8;&!5!4,-ˆp!j6f!)P!K$/&!^-$f!O$<#!k-,w'&!5!8#B+4
!=-+8S!)$?-+!)$*3!"/-+,V!8#4,W!J'F3!K,-,X!D6f+8<&!DQ54!54!7$W,V2!DxW!^<V,&
!!2!"(!D9#P!)P!g+.f+!5!,-$q#!M+!5!L!8'N+
!5!L!8#4.<#!‹+,0+!DN,m!5!k9(!M+!5!8#8*QB!B4!)+8#M,N!+B!5+!5!]$3!B$*9&!4.&!=#$WBM$&
!)P!K$/i+!B4!5!8-4!kS+5!)$?-+!D3J3!5!Dq0.3!B8pL8#4,(!M+B4!5+!]$<&!‚+,Q+!DQ4
!$3+L!D6>f!B$Eš&!,Z3!8/Q,#!)+8&!5!8#+!DFCB!"Q!)$-.S!$*#4!jV+!R!)+8#M,N!K+2!"(!DxW
!)P!5!R!g,fP!1+.„&!)8*QB!R!5!D:y/3!DNB!R!5!DQ+!D?*;3!=f+,N!8/#P!k:$c!"(!"Q!)P
!^9m!R!5!78-8/9p!"S5!M+!DQ+!]$3!)8•x:+!8*QB!)+.C!‹+,“+!^-8&!)P!D6*Q.&!"(!B$E\
!R!48#.*p!g,fP!"X.C!5!jV+!K$aB!5!D?*;3!‡J>&!"\Š+!B4!•$x#+!5!R!DQ+4!7$Z#!B4!O$*h
!D6>f!B$E\!^-+!M+!"(,V!5!L!8-P!)$l3+!B4!"(!B8h!)P!R!g$NP!ž4+.m!M+!Tx#!D#$*{!5
!M+!"(!,V!"š#P!K+,&!L!4B+8&!5+!K$V4+,3!U*p!D?h$/3!1$_m!B$WM5B!4B+ˆW!j<E3!+B!=l-
!U-.f!8E0B!4!+B!)+,Z-4!"#!5!Df$Q!8#+.C!U-.f!D?*;3!1$FQ+!"#!8-$<#!‹+,0+!k9(
!"l#$/\!L!4.X!U-5B4!45M!4MB5!D6x“!)P!,*<„C!B4!5!4BP!DQ8&!]$3!,W+!5!–!DX+4!8#+.C
!8S!)P!,*<„C!5!œxm!B4!,W+!5!–!4,-ˆp!$/N!,fP!8'N+!•$xC+!…8#+!…8#+!"\,W+!"3,Q!r,f
!ua+.35!,W+!5!R!44,W!74$?W!K5!B4!^;c!)$&M!5!4BP!=#$<*?p!8/(!"S5!=&!r,f!5!8-$<#
!^-+!$&!5!R!O5,b3!D<;#!g+ˆ:!M+!8X$&!=?-5B4!D:y/<&!4+BˆW!=0,3$#!…$93+!"&!+B!•.zm
!"(!=a.m!).\!R!4BP!"h,xC!5!•6C!‹,;3!B4!+B!)P!B$WM5B!ž4+.m!5!=#$<QP!,-4$z3!"<V
!7+B!k#+.S!M+!8&}!R!8X$F#!=S,%3!jf83!7M+8#+!,&!+B!)P!5!8-+!=3!1P!K5!B4!"'Q.*p
!!L44,W!y*\$#!y*\!)P!=3$<C!5!8'N+!•By&!K+!"/fB!$-!8&+,'&!5!8-.S
!K5B!)$?-+!,'E3!B4+,&!5LDf$/?&!.l*#!)P!uN$/3!5!8#4./?&!B8p!Dq0!)$WBM$&!)+,9p
!+B!,Z-4!5!O$#!"&y/X!+B!=l-!4.&!5$W!54!K5!$&!5L!4,(!B$*'f+!DQ4B54!,xQ!5!4B5P!gB$_'&
!=:$m!R!8#4B5P!)5,*&!+B!5+!D6*b&L8#$<&!k#+B4!"&y/X!83P!U*p!=&Jf!7+B!B4!5L!"&8/#
!R!4B+4!=3!B$<*C!+B!K5!$C!DX+ˆZ&!5+!8E;C!K+,&!+B!K4,3!)$WBM$&!R!DX+8#!D(,m!Dh$c
!$VB!K$S!,&!+B!"&y/X!R!D?W!].63!R!4.F&!M5B!‰-!B54y3!L!4,F&!K5!,i+!,&!4,*W!g.h!).\
!!L8X!‘zQ2!DxW!+B!)$WBM$&!5!DN,&!5!4,(
!8*QB!KB+y“,<&!$C!8*-.p!=3!B.f+,\!k6c!B4!5L83P!j{$m!=X$;'#+!g8<&!+B!"&y/X
!5+!7B$q#!B4!5!78-yW!g,*“!D?Z#+!)+.aB5+!‰XB!M+L!^*m$-B!‚$/{+!5!g$F#!t+.#$&!"'Q+BP
!!74$?W!g,*m!s?\!)$<QP
!!!1JW!).\!)+4!1P!=l-!.Q,E&
!!1P!K5B!,&![$3!78X!B5$/X
!!8/(!^X.SM!,'9&!"(!=Z#M!.\
!!8/(!^X5B!"/*-P!"(!58/V!.\
!!2!8#+!"'xW!"(!8-8/9e&!+B!)P!"&y/X
!!M5$_C!JN!…+83!=N!˜3J9:+!=:+!D*E'#+!+~+!5
!"&,N!5!DN,W!g.h!5!4.F&!$_#P!K8/šl-!).\L]y#$N!DF?0+!+~+!"(!DQ+!783P!]$„3+!B4!5
!5!L!8/6&!4,l&!=Z#$&!,'3$<C!"\,V!’$?/&!5!L!DN$-!7+B!58&!D<;#!=93!5!U-$QP!,n&!D?W
!R!5+!)$3,N!5!D;&$'3!B4!"<V!R!B$*9&!t$FQ!5!¥.m5!5+!$&!5!4.&!K,*X!B+y“,3!)P!=:+.m!B4
!"l#+8/\L74./X$#!5+!M+5P!5!4.&!78-8#!5$W!yW,V!L!U-.f!K+B!"&!8F'93!5!$/0B!5!)+.S!5+!5
!=3!5+!"(!8/#+8&!t$FQ!"(!DQ+.%#!5!R!DN$-!7+B!58&!=Q+,V!8*QB!5+!¥.Z&!"&y/X!Y#$&
!!L!4,(!=<#!D(,m!k#$S!•*E&!5!R!4.&!=3!^($Q!K$S,&!8Q+,E&
!K$V4!54!,V!5!R!"/34!+B!,Z-4!5!4.&!O$#!"6*6(!+B!=l-4!)4.&!]$ZX!54!5+!t$FC+!)$*3!B4!5
!B$(!B4!=/*&!=3!"\2!DxW!+B!"6*6(!R!4.&!,C!U/3!•By&!5!,C!™-,m!"/34!5L!8/'X+4!O$<C
!"\!^%Q!^-+2!DxW!"6*6(•"'X+ˆW5,N!’$?#!D(,m!5!DQ!74,(!B+,h!K$S!,&!"(!‰63
!K+!"<;c!5!s-B+4!=?-$QP!‰63!^-+!7$WB4,&!$3!5!•B$(!"\!]+.Q!^-+$&!+,C!5!DQ.C!D&$&
!)$?-+!^%Q!$C!8X!8/#+.C!‚,?3!….63!Da5$x<&!"(!s*'9*#!"zFc!)P!M+!5!s*&$-!=3
!KB$(!•6l'&!"(,V!"(!R!BˆWB4!†-8m!^-M+!L!DN$-!8#+.C!t$<'Q+!jb3!)$V$X4$p!‰-4y/&
!!2DxW!•!"#.Z\2!DxW!"/34!L!8*QB!8#M.F&!"(!8QB!)P!58&!8X$F#!)P!B+5+yQ!"(!8-.S
!R!5+!U*p!A*3!54!5!8-,&!=3!+B!)P!5!4.&!"'9?#!=&.\!,&!"(!8-4!+B!K,W45B4!K+!"#M.&
!,W45B4!)$*3!^-+!B4!L!K4B5P,&!K4.&!"'N.(!,'?*p!"(!K,Z-4!='N.l&!+B!=l-!"(!7$W,V
!‚$lX!B4!5+!^**„#+!R!4.&!78-,&!"(!k#$S!)P!M+!D9?#!1.\!,&!"#M.&!R!DQ$f,&!='S$b&
!vX!54!,V!L!4B5P,&!='N.l&!K,Z-4!"l#+M+!U*p!4.&!B$(!B4!"(!A*3!)P!58X!"'%-5P!1.\
!+B!K5!8*QB!M$&!,W45B4L8?&!¥.V!M+!R!8#$<&!)$*3!B4!slb3!5+!^**„#+!R!DQ.*p!sE&!1.\
!D9*#!"#M.&!B$(!K,W45B4Š!8#+!"'xW!$_/-M+!5!L!8X!…JV!)+B4!$C!4.</&!7,Q!K4,&!DQ4
!!ŒL
!slX!"(!8X$F#!g.h!u<c!K+,&!8-.S!=l-4y#!….6<&!"(,V!^l:!s'9#+8&2!DxW!"/34
!!2!4.X!,p!y*\,E&!5!K$S,E&
!!•s;n<:!,FX!,*“!,<0!^n&!jV!5
!M+!D0$/h!5!–!)$/<X4!,Eh!5!)$'Q54!t$/n{+!5!DQ+!D:y/3!D;NB!….6<&!1,zC!78-$N
!!!8X$&!g5,3!D6h!5!D<V!gŽ$#4
!!+B!D0$/h!,<X!gŽ$#4!M+
!!•MP!DQ!74,(!O$#!"(!+B!D'<V
!=#+.%'Q$&!"(!"/Q,W!YQ!).\!R!44,W!O58;3!s-$E&!7,3M!B4!DQ+!"<;c!5+!D<V!+,(,V!5
!8/*&!KB.W!¥.W,f!B$lX+!)$*3!B4!,W+!M$&!,*X!5!R!44,W!4./?f!)$#!K+!7B$e&5!4.X!4$X
!!!4BP!B.Z&!K5B!5!4B+8&!¥.W,f!M+!DQ4
!!Y/6p!K+B$&!5!¥$&!M$&!D<V!$&
!!Y/_&!M5,*p!R!B$lX!"Z&!$F-M
!8#,<X!M+B4!,<0!+B!)P!Jz0!8X$&!=#$W8#M!7$C.(!jW!).\!"\,W+!8*QB!u*NB!jb<&!"(,V!5
!8-$p!,-4!5,Q!•,&!).\!"\!,W+!44,W!=a+B!].<%&!"l#P!5!R!,(~!k*c!5!B$iP!^9b&
!!L!4B$*#!=#M5!g5,3!5!jwN!jV+!‰-4y/&
!+B!K+!"x-$c,V!"(!)+8&!5!^(!t.SB!4.f!jz;&!^l:!R!K4,(!)$*&!"š#P!O4./X2!DxW!"6*6(
!)P!k6c!B4!5!4.&!s*#+.C!`X,3!+B!g$SB4!^-+!"(!s*'9*#!"zFc!)P!M+!$3!5!R!DQ+!=':y/3
!!!4B+yW!s*#+.C!O8h
!!M5,N+!)$<QP!yW,V!K.?#!K+!"-$Q!.C
!!K+8#+!1$'N+!yW,V!K.?#!=6W!"(!.C
!Tx#!"(!,VL!DQ+!tM$/'3!5!…,'?3!D<V!1$&B+!5!g5,3!1$b{+!)$*3!kC+,32!DxW!"/34
!5!•*;a!K+B!+,(,V!5!R!8#$QB!=3!u*NB!D:y/<&!u*a5!jb3!M+!+B!^'?-.f!4B+4!•-,X
!B$*9&!‚,X!g$SB4!,&!^'NB,&!5L!8-+,W!j3$f!DFC,&!=:$0!DSB4!M+!DQ+!•*%Q!jz0
!)+5+,N!Dz?3!j<b'&!+B!)+,W!Y/Q!"\!R!‹B+.0!…8#+!y0!kC+,3!M+!)83P5,N!5!D9'#5.3
!4,3!=WBy&!k9(!B4!"(,V!5LDf+8#+!^*3y&!g4$-M!s?_C!=&!5!4$E#!)+.C!•'(!,&!^*3M!M+
!!!"(!DQ+!B5ˆ;3!8-$</#!DzN+.3!+B!D<V!8/6&
!!80$9<:+!jh!1.6n<:+!sq0!+~+
!!L!s*X$F#!=a+B!’$nb#+!5!].<f!^-8&5!s*-.S!=:$0!D:y/3!"š#+8&!s-B+5+yQ!$3!5
!!•K+!78*?-8#+!"(!K+B!^-+!D9*\2!DxW!"6*6(
!58&!,*bC!5!44,C!"(!Rs/(!"a,0!,*X!,&!+B!^'?-.f!D{,N!^-+!B4!"(!sV+.f!=3!^32!DxW
!!L!s&$-!=V$S!5!='&,h!D6*Q5!^-8&!5!8-P!j{$m!=S,xC!^3!Db*>/&!+B!5+!5!R!D9'N$-!7+B
!!•!D9C,*m!O$z3!B4!,*X!"(!=#+4!=3!"\2DxW!"6*6(
!g$*V!,V$|!g8V$?<&!8/34,f!"(!R!s/*&!=3!)P!j-}4!5!B$iP!U-.f!DQ+,N!5!4,%&2!DxW
!!L!8Q$/?&!+B!Dx{!^c$&
!5!K+!74,l#!….63!D38f!.C!"(•,*X!‰-4y#!=-.S!D#$l3!5!D&,h!"#.Z\2!DxW!"6*6(
!!L!=#+8#!)P!O.QB
!B._#B!+B!5+!)+,W!B$&!j<m!5!•By&!B$(!g,X$F3!8X$&!$#+.C!5!$#+4!4,3!).\2!DxW!"/34
!)$-M!D&,“!5!=-$E/C!+B!jh$0!5!R!8-$*#!s(!k9(!+B!K+B!^X5B!D<V!km${!5!R!8#+4,Z#
!!L!4B+8#
!!4B+4!=/<-+!U-.f!,/V,&!4,3!.\
!!B$l*p!^'9_&!^<X4!7,-ˆp!4.X
!^l:!R!8#+4,Z#!ƒ.>%3!g$3+,(!]$<l&!+B!g5,3!5!jwN!jV+!•Jc+!,&!7$X4$p2!DxW!"6*6(
!O,b'3!].Fz3!j-$Q.&!5!8#B+4!ž5B.3!]M$/3!5+!D38f!B4!"(!8-$3,N!4.f!)$l-4y#!,&!]$Fh+
!8X$&!,C!‰-4y#!"š#+8&!5!45,#!,CB5B$&!5!,C.l*#!DfB4!,&!"(!MB! $X!).\!R!8/X$&
!!L4y-5PB4
!"(!j&!R!8#+!"'X+8#!B.q/3!kC+,3!^-+!"?*<V!)$?-+!‚JQ+!5!)$n6Q!1$b{+2!DxW!"/34
!DES!)P!M+!5!s-.S!=3!)$<V!^3!5!R!8#+!"'N$-!g$SB4!)P!8ES!5!8S!5!k*C,C!5!—-B8'&
!!sX.(!=3
!!,EW!.\!s/(!U-.f!M+!DF9#
!!4+M!UCP!y(!O,'9($f!.\!"#
!B+.W8&!K$E'&,X!t,_C!5!k;{!K$E_#B!j<bC!M+!R!5!44,W!OMJ3!+B!….63!7$WB4!"(,V!5
!4,f!).9N+!"&!+B+.V!)$n*X!R!5!8#$?/&!s6m!1P!K$x>&!s?f!UCP!Ky*C!5!R!8-$</#!k/_C
!7$C.(!,&!$VB$(!K$/&!R!5!8V8#!J*'Q+!K$</VB!jz0!,&!+B!78/F-,N!ƒ,m!5R!!8/(!"?*X!B4
!d$F:!B4!"/-+,V!4+,3!8-$<#!=z6C!+B+83!5!vNB!"&!+B!ž4+.m!R!5!8E#!DQ+B!K+B5!='Q4
!!L8/(!]$Fz'Q+!+B!5+!,C.l*#!"\,V
!D:y/3!D:+4!O+8l&!5!K4,W!B.q/3!D6*Q5!"š&!K8X!‰-4y#!‰63!"&!"(!B$Z#+2!DxW!"6*6(
!!•=QB
!5!O,*W!U*p!g8*z0!ƒJf+!"&!+B!5+!D38f!sQ$/?&!+B!5+!•Jf+!5!s&$-!='&,h!,W+2!DxW
!5!R!Oy*V,e&!K5!]$;N+!5!]+.m+!`*FzC!M+5!s#+4,W!B.>z3!5+!K+.V!5!K+B!D;&$'3!,&!D<V
!K5!]4!5!s?\!B4!+B!)P!8X$&!)5,z3!‰63!‡J>&5!‰-4y#!1+.>&!"(!8/(!M$“P!KB$(!).\
!D#+MB!5!K+B!D#$'<&!5+!K4$X!$C!s-$<#!D•:$F3!)P!uN$/3!5!8-+.N!,-,zC!B4!5!s#+4,W!"'Q+BP
!5!4B+4!75,l3!D<C$f!5!s*f5!DFh$0!"(!8/(!‹.f!KB$(!B4!,W+!5!R!8-+yx*&!U-.f!jz0
!5!,'3$<C!"\,V!vN,&!,&8C!5!j3$C!M+!Tp!44,WM$&!5+!‰6<&!)P!g,;3!5!4$9N!5!g,w3!5!,X
!M+!5!s-.Z&!5+!$&!)P!"6-$“!5!B.“!,C!j3$X!"\,V!)P!K+4+!B4!=;a+.C!5!,C!O,#!"\,V!gB$F0
!4,3!"\L!8/*F#!)P!]$„3+!)+B$Z'38f!,Z-4!M+!"l#$/\!R!s#$V$Z*&!+B!5+!)P!DFh$0!D3$f5
!vm!‹,;3!B4!+B!=6c$&!5!4BP!)5,*&!jc$&!d$F:!B4!+B!=zm!8V+.f!,W+!)$&M!1,\!8/34,f
!!L!8-$<#!+,N
!!,z3!44,W!+,3!s:$0!s/(!vm!,W!=6c$&
!!+,3!T(!44,Z#!,l/3!s/(!jc$&!=zmB5
!`n93!5!R!8X$&!`n93!5!8-$<#!"'%*Z#+!,q#!B4!"(!4M+4,p!$ECB.{!s6h!‰&$\!¥$z#!5
!!!8X$&!"'%*Z#+!5!8-$<#
!!d,C!K+8f$#!)P!DQ+!DQ4!7,*\!¥$z#
!!=<V8/(!$z/0!gB.{!78-8#!$z/0
!5+!D38f!,&!^3!"(!44,W!)+M+!,C!™c,m!^3!Df+.#,&!8-8&!^3!K$V,/V!‰63!"(!7$W,V!5
!‰*#!KB$F<<>3!)+!K$w3+!B4!D<-y0!5!DQ+!B,z3!B$(!^-+!,&!.C!K+B!,W+2!DxW!"6*6(L
!)+4$#!,Z3!8-$</#!O+8h+!B$(!"Q!,&!8/-.W!$<lm!5!L!DQ+!K,nf!•By&!"(!4.&!8-$&!Bˆm,&
!8/6&!7.l&!+B!7$X4$p!$<60!5!L!)$#M!$&!^'xW!,Q!R!5!)$<Z&!,VM!)8*?\!5!R!)$n6Q!DFb{2
!,Z-4!5!B$3!5!,*X!^l93!^l:!8X$&!)4$;3!‚$/{+!5!B$<i!t+.#+!5B4!"(!8//(!"*F?C
!DxW!"/34L‚.%3!"x-$c!)P!)$*3!)4,(!O$z3!5!DQ+!B+.X4!K5!B4!^'NB,&!"(!g$-~.3
!!44,Z#!,*nf!4y*V,e&!,nf!M+!"(,V!^l:!R!DQ+!^*/\!DQ+B2
!!
!!jE\!74!74.Q!"(!+,-M!R!,nf!4y*f!,nf!M+
!!)$WB+M$&!,nf!M+!8Q,'&!,W!48/F#,&
!=#$WB+M$&!R!5!)$n6Q!j<02!uFc!g.h!5!D<V!D;N,&!,Z3!4,(!)+.'#!‹.f!B$(!"Q!B4!5
!B42!DQ+!74.'Q!ua.3!58&!g5,3!km${!O$z3!8/-.W!$<60!5!L!^<X4!DF:$•3!R!5!$-B4
!!LO,'b3!u#$h!4$VM!)$*3!B4!$-!R!O,l3!)+,3$(!7$X4$p!D38f
!•:$%3!^3!8/\,V!R!D<-y0!^-8&!D3JQ!5!‡J{!5!g,*f!5!,*f!=:$;C!4y-+2!DxW!"6*6(
!!L4$#+4,W!)5,z3!R!s#P
!"(!8#4+4!1+.S!L!D9*(!^-+!"(!8*Q,e&!4.f!)$l-4y#!M+L!DxW!OJQ!,*X!,&!5!DN,&!"/34
!•=X$&!=3!$_(2!DxW!5!8#+.%&!+B!5+!TpL!s'f$/X!+B!¥B8p!KBP2!DxWL!)JN!,9p!)JN
!=3!,q'/3!5!"'f$Q!8*3+!8>z3!5!DS$m!"6Fh!+B!)P!5!O+!78X!s*z3!‰63!7$WB4!,&2!DxW
!ž4$m!g$<E3!….63!7$WB4,&!"\Ls/(!D-$x(!4,f!5!K+B!"&!+B!)P!^3!5!8'N+!KB$(!"(!sX$&
!!8X$&!DS$m!)P!D-$x(!B4!)$'Q4,-y&!"(!44,W
!!TZ3!DQ+!B$l&!d55$c!.\!‰63!^-+!B8#$(
!)P!5!R!8#$<#!=:$f!=';x/3!,S!5!=C,w3!uN4!M+!8X$&!"-$35,N!"\!,W+!B$Z'38f!•*V!5
!"(!=#+.*m!R!8#B$f!¥.W!$C!8//(!=:Jf!R!8-P!B$l&!,fP!8#+!78/Z/N+!7+,&!"(!‰?f!1.\
!!!"(!•DX+ˆW!8-$X!t$x'#+!=&!"#.Z\!8X$&!,X!5!,*f!5M+!5!,a!5!ux#!5B4
!!!$3!M+!8-$*#!jW!"'Q4!,W
!!s*€$?&!+B!Y-4!Oy*V!sV
!K5B!R!4,(!8V+.f!='b*>#!"(!DX+8/p!R!8X!k_;3!4./?&!"/34!^%Q!,*X!).\
!s>f!B$*9&!5!D:y/3!j3$f!"\,W+!g5,3!$&!8/3,/V!O4,32!DxW!5!4B5P!U-.f!)$l-4y/&
!78#M5,N!"\,W+!UCP![5,N!"l#$/\!R!O.h!)$*3!B4!8-P!+8*p!U-.f!g5,3!5!jz;&!8X$&
!5+!).9N+!"(!D9#+4!5!8X!4$X!^%Q!^-8&!"/34!L!8-+,W!t$xCB+!"&!4M.Q!D9p!"(8V+.f
!+B!)$?-+!"š#P!"(!‰63!s?m!5!O8f!"N$(!,&!DQ+!kS+52!DxW!R!83P!,i.3!,*X!¥.W!B4
!"(!R!8/#+4,W!7$X4$p!K+B!O.6;3!U-.f!sEN!5!U#+4!B+8z3!5!8/-$<#!M$&!Db*>#!M+!8-P!M+,N
!‰-,V!Db{$/3!5!ƒJf+!5!D*-5B!5!K+B!7M+8#+,&!5!8Q$/?#!.l*#!+B!U-.f!t$FC+!$C!‰63
!L!4+4!8#+.'#!]$„3!)$?-+!t$/n{+!B4!5!DN,W!8#+.'#!=0$x'#+!)$?-+!D38f!M+!8X$F#!•h+5
!).\!R!8-$</#!=;Q!5+!)4B5,p!B4!T(!•*V!DQ+!)$E#!…$f!74,p!B4!"(!O+4$3!"#+4!"\
!"(!44,W!O.6;3!D9&!^-4,3M!,cM!+B!^n3M!K5B!5!4$?Z&!U-.f!7,E\!M+!…$f!1$z#
!Dn&,C!7M+8#+,&!D9V!"(,V!58#,*W!D;x/3!)P!g,<i!M+!5!8#B5,e&!+B!)P!‰X}!R!D9*\
!!2!8#+!"'xW!"l#$/\!R!DQ+!….63!t$/n{+!1+.&+!"<V!B4!78<0!5!L!DN,W!)+.C!78-$N!5M+
!!,&+!5!1$'NP!.C!R!s($f!5!B$f!.š<V!^3
!!=/(!D*&,C!B+!sV4!$E:}5!$E6W
!"SB8&!Db*>#!5!=:4!‰-!5!g5,3!B+8z3!,&!+B!‰-,V!"(!D9#P!‰63!,&!D*0B!•.zm!M+!5
!M+!5!jN$“!$VB$(!B4!"(!+B!=#$9(5!R!8-$3,x#!,*f$C!5!s-8zC!kC+,3!B4!+.E&!5!R!8#$QB!K+
!"(!R!4B+8#!+5B!j*wxC!5!`*S,C!8/34,f!)$nV+4!5!8/3,/V!)$*N$(!,&!8/X$&!jc$0!$V,/V
!,Q!,&!K$p!"-+,*p!5!R!^'9&!K$p!,&!,Q!D*6m2!8-$<#!k-,“!)$V$X4$p!s-+y0!M+!B$(!54
!^l:!8X$F#!,V+.S!,*zbC!)+B4!)8#$?#!y-MB+!5!1,Q!B4!+B!8-B+5,3!5!g.h$-!5L!^'%-5P
!8/X$F#!)+4B$(!5!^*&B54!"(!)+B$-!=V.F#+!5L44,W!).;n3!4,f!jV+!‰-4y/&!78/-$3,N!jz0
!)+.0+!5!B$>#+!=V.F#+!"&!"#!4.&!8#+.C!sEN!5!g,*>&!jV+!$&!B$(!~$x#!5!R!DQ+!g,w3!^*0
!Y/Q!"l#P5L!8-P!j{$m!‹,“!,V!)+8&!5!44,Z#!B$&!)+,W!4B+4!^'?-.f!$&!g.h$-!"(,V5L
!km${!4,<?#!,*zm!$#+4!4,3!5!L!8&$*#!Ky*\!)+8&!DS$m!M5B!5!44,W!B._#B!8/(!"9*(!B4
!5!8#M$Q!$E/-M!5M+!5!8#,*W,&!…$f!)$*3!M+!=p!"\!R!8X$&!D:y/3!j3$f!"\,W+!+B!g5,3
!5L44,W!y-y0!‚+,X+!5!….63!DQ4!DFb>&!5!8//(!DQ+B!$E#$<(!5!4.X!….63!k(,3
!=&!R!ž5B.3!j-$Q.&!+B!)+,/V!=&!5!4B+ˆW5,N!‚JQ+!].<%&!+B!)+8/34,f!7$X4$p!"(!8-$?#
!‰63!‡J{!B4!"(!8-$&!D;x/3!B8h!,&!7$X4$p!D*&,C!"(!j&!8-$3,N!t$/n{+!R!k9'l3!,/V
!7+B!$VB$l&!j6f!8#M$Q!g4$;Q!D6*Q5!+B!‚JQ+!D38f!)+,/V!=&!,W+!"\!R!!8/*&!‰-,V!M+
!=w;&!).\!R!D9*#!,C!‰-4y#!5+!g+~!M+!O4,<&!T(!•*V!5!L!8/#$3!u-$a!,/V!jV+!5!8&$-
!¥.3!5!L!8#BP!"#$Z*&!K$V,EX!5!B54!K$EV+B!M+!"(!8//(!rJ0!=-$V5B+8&!4.X!].6;3!)+M+
!8/'Q,N!=3!)5,*&!"#$f!M+!+B!5+!8X$&!=3!K~.3!).\!R!DQ+!"#$f!sV!5!"-+,9<V!+B!)$34,3
!5!DS$m!58&!).\!DQ+!k-,“5!=?m5!"\,W+!M$&!5!L!8//*&!=3!kS+5!=;Q!5+!…JV!B4!5
!=F(,3!5+!K+,&!….63!DQ4M+!5!8#BP!DQ8&!+B!5+!,'3$<C!"\,V!=3+,($&!DQ+!D;x/3!5M+
!!L!8#M$Q
!K$V$/i!5!.l*#!K$E&+.S!5!D?W!g4$-M!58&!,*X!1$_0+!8X![B$N!^%Q!^-+!M+!"/34!).\
!$C!DQ+!=C832!DxW!5!8*F6c!g.6f!D{,x&!"/345LDN,W!O$<C!=x:+!5+!$&!5!4.3,N!B$*9&
!kS.3!R!DQ+!"'X+ˆW!5,N!D(,m!5!B$lX!’$?#!5!s/*&!=3!s*z3!K$S!‰-!,&!+B!‰63
!"&y/X!)$*3!)+!B4!R!4B+4!78*#$X.p!4.f!d+,V!]$m!"/34,&!"(!DQ+.f!=3!,*X!•!D9*\
!5+!DQ4!M+!‰Q$<C!5!‰6<C!)$/0!"(!4,F&!K$S!M+!+B!,*X!)$/\!5+!M+5P!5!8/6&!4,l&!=Z#$&
!M+!"(!s#+4!=<#LK./X!=3!"(!DQ+!M+5P!^-+!kFQ2!DxW!5!4$?Z&!"/34!,&!4.f!M+B!5!8?&
!,W+!L!8X$&!M+5P!B.f+,N!)P!km${!k*(,C!5!g.h!"(!O,&!s-!)$<W!^l:!R!8-+!=3!k#$S!O+8(
!!!L!8X$F#!1+.{!O$z3!$_/-+!+B!$3!DQ+!^*/\
!DxWL!=#2!DxW!•!DQ+!74.&!,Z-4!='F-B!•*V!K5!M+!+B!‰63!M+5P!^-8&!yS2!DxW!"/34
!R!8/(!g,_V!4.f!‚.:$3!^c5!M+!5!4B+ˆW!=:$f!U-.f!)$l3!kS.3!^-8&!‰63!"(!8-$?#2
!K.h!M+5P!•*;a!]4!DNP!5!R!‰&,\!g5,3!DNP!5!R!DQ+!•6>C!jz0!DNP!"(!8#+!"'xW!"\
!DxW!,*XL!4.<#!8-$?#!g$x':+!K.h!"„S!5!8/6&!M+5P!,E&!"(!DQ+!j*:4!]$„3+!=w;&!B4!5L
!!2!DxW!•!)P!DQ+!"#.Z\2
!"(!7$W,V!5!78/ZN+!='fB4!K.6Ep!8-4!=6Fc!$_#P!DNB!K+!"?*&!B4!=V$&5B!"(!8#+!74B5P
!7$&5B!).\L!K83P!7$&5B!¥.Z&!…$/<EQ!KM+5P!R!K8*QB!jFc!,&!DfB4! $X!='9_&!4$&
!M+5P!B.f+,N!DQ.p!5!DX.W!"(!D9&B4!u<c!8*/?&!M+5P!D&$E3!5!8-8&!"„S!D3$%a
!8*?(!)}.S!B4!)$-M!k(,3!L!DN$*#!,'?*&!K.&,\!vb:+!8-B8&!+B!)P!$C!8*X.(!=3!8X$&
!!L!,'<(!)P!D;x/3!,C!j-$V!)P!M+5P!5!,'<*%a!"„S!$_(,V!"(!s'9#+8&2!DxW!5
!8X!8-$&!=<#!,c$f!s9z'3!M+5P!^-8&!"(!4.X!^X5B!+B!‰63!K+B!$C!O4B5P!)+8&!j„3!^-+!5
!!Ls#+4,W!O.6;3!+B!‰63!B$(!Dz*zm!5!]$m!)$n&!5!O5B!5+!‰-4y/&!8V4!]$„3!+,3!,W+!5!L
!k-$“!,*X!s?\!M+!).\!L!DN,&!5+!gB$X+!5!4+,3!k9m,&!"/34L!83P!vN+.3!^%Q!+B!,*X
!K+B!^-+!K$w3+!B42!DxW!4.f!$&!5!8X!)$<*?p!"/34!)4$'Q,N!M+!5!4,(!=63$C!,*X!D?W
!5+!)$b'3+!5!—#B!g83!5!8X$&!78-4!$xS!=3,S!=&!….63!7$WB4!,&!"(!,V!"\!R!O4.F#!k*>3
!D3,m!5!]$3!M+!8X$&!"'X+4!"š#P!$-!5!R!D?*;3!=Z/C!5!g,w3!O+58&!J'F3!$-!R!"'?W!M+B4
!ƒ,b&!"(!‚5,;3!K,-,X!$-!R!"'?W!]5y;3!DQ!74.&!)P!86z3!"(!=6<0!M+!$-!5!R!74+4!4$F&
!78-4!.x0!gˆ:!5+!)+B$-!"(!=3,S!km${!$-!R!8-+,W!s(!,*f!]$<0$&!5!8-.S!"/'N!7,X!5
!g4$-M!5+!vm!B4!5!8/X$&!74.&!‰-,X!]$3!¥.W!B4!$-!R!78*?\!D&.z0!=%6C!5+!5!8/X$&
!K5!,&!g,<i!5!)$9m+!B4!)+B$-!5!74,(!78-8/9p!='38f!$x(+!)$*3!B4!$-!R!"'NB!='•:$F3
!5!^-4!K5B!M+!$-!R!78*QB!)+8&!5!"'9S!DzFQ!K5!,&!D:y/3!B4!=/<X4!$-!5!R!"'N$-!`*S,C
!=';x/3!+B!4.f!48#.*p!7$X4$p!g,w<&!"š#P!B4!$-!R!"'X+8#!D#$3+!5!4$<'0+!D*6V+!g5,3
!U*p!g$38z3!^-+!slb&!R!78-4!].Fh!)+B4!5!"'f$Q!$_':+!)$n6Q!^<X8&!$-!R!74,(!gB.{
!O,b3!5!s>f!k#$_&!5+!)4$'Q,N!B4!+B!7$X4$p!4.3,N!8-$?#!j*_;C!B$F'f+!5!)$b'3+!M+
!5!B._#B!^3!7$WB4,&!M+B4!=C83!5!DQ+!U-8#+B54!"/34!^-+!5!L!D:$QB!B+,Q+!B4!^'X+4
!4y*Z#+!K+!"/'N!5!8?-8#+!='#$*f!7$W$#!DQ+!=h$&!KB+MP!K5!]4!B4!,W+!L!DQ+!74.&!B._E3
!5!DFb{!B4!45$-!,'?*&!^3!M+!]$m!Dn9&!5!g+~!g.h!B4!+B!s>f!"(!DQ+!^l<3!5!L
!!!L!8#$V$W$*&!+B!5+!^3!B+,Q+!M+!DQ+!•h+5!"š#+8&!5!R!8-$<#!DF“B!5+!D38f
!7$W$#!L!DX+4!=3!7+,&!s?\!5!D9?#!=3!5!DQ$f!=3!R!D?W!1,nw3!g,lN!^-+!B4!,*X
!DQ.*p!58&!).\!L!DN,W!B+,h!U-.f!K$S,&5!8*3+B$*&!=(8#+!L!83P!8-8p!B54!M+!"/34
!B+8z32!DxWL8*QB!=3!‰63!¥.Z&!5+!M+5P!"(!O8-4!K5$W2!DxW!•!K4,(!"\!2!"(!8*Q,p
!"l#+8/\L=<'N,W!j*:4!5+!g.h!,&!"(!=V.lX!5!=C.%#!+B!5+!O8-8#2!DxW!•!D9*\!5+!g.h
!5!=;a+.C!u<c!g4$-M!5+!uFc!B4!4.</#!5!s'xW!=3!$x(+!^%Q!K5!,&!O8*QB!K5!"&
!!!L!K4,<X!OMJN!,'?*&!O+,'m+!"(!s'N$*#!='&$E3!sV!+B!5+!U-.f!,*<a!B4!5!R!=<*q;C
!D%Q!K4$&!"(!R!D?W!8-$?#!"'x-,N!)+8&5!!4,(!)+.'#!j<m!•*;a,&!+B!)P!DxW!,*X
!5L!8#+4,Z&!+B!slb3!K$ElX.W!5!4M+8#+B4!+B!K.h!K$'fB4!5!8/Zx*#!+B!•*;a!=V$*W
!s>f!$C!5!8/Q$/X!B.qb3!g4$*Q!kVˆ3!B4!1$#~+!5!)$'Q4,-M!8>h!)$WBy&!5!)+,'E3
!B.f+,N!D35$z3!‰-,V!,&!5!R!8#B+8#!+5B!D(.X!5!g.h!B$E|+!8X$F#!s-,(!5B8h!B+.WBy&
!!!L!DQ+!,F';3!g5,3!jV+!‰-4y#!gŽ$x(!=:$;3!B4!"\!L!8/-$3,N!5+!]$m
!!!A63!`6{!Oy0!M$&!8/l#
!!]$ZX!sfM!8>h!,*X!8/l#
!+B!‰63!$C!OB$*&!+B!5+!5!O5,&!8-$3,N!,W+!5!R!8/E#!)M5!^-8/\!+B!5+!B$(!‰63!2!DxW!"/34
!]$„3!5+!)4B5•&!5!8X!4$X!^%Q!^-+!M+!,*X!L!8X$&!B+4,&!)$3,N!K,($\!5!u*n3!K+!78/&
!DxW!5!4,(!M$“P!^'xW!^%Q!K5$&!,*bC!5!44,C!=&!K.h!]4$&!5!83P!5$W!‰-4y/&!"/34!L!4+4
!D0B$93!,W+!"(!74+4!]$„3!5!R!O,&!5+!‰-4y/&!+,C!"(!74.3,N!5!DQ+!74$'Q,N!,*X!+,3!2
!K80$zC!5+!B+8-4!5!D38f!M+!5!K+!"'X+4!+5B!D-$“!^-+!$C!"(!K,*>zC!,&!sV!=#$3+!=€$<#
!^-+!D9*(!2!DxW!5$W!L!s-$<#!M$&!8X$&!"'NB!"š#P!5!O4,WM$&B.x:$&!=/(!=zN.C!,W+!5!R!74.<#
!2!DxW!+B!"/34!R!8*Q,'&!O4./X!t$FQ!‰63!,(~!"(!5$W!L!t$FQ!‰63!2!DxW!"/34!•!,*X
!‘-+,X!5!4,(!='z*i5!5+!$&!"/34!L!s-$n&!.C!$&!=/(!^<-+!5+!d$&!M+!5!=#+4,W!]4!K.h!+,3!,W+
!!L8#4$E#!,*X!k#$_&!K5B!54!,V!5!4B5P!K$_&!)+B8#+!O$lm+!5!8*($C
!kS.3!5!K+!783P!=(!=m+.#!^-8&!2!DxW!5!8*Q,e&!O,W!+B!5$W!8#8*QB!5+!‰-4y/&!).\
!M+!"(!^(!O$z3!$_/-+!2!"(!4.3,N!,*X!L!DxW!M$&!+B!4.f!">h!5$W!•!DQ+!74.&!"\!)83P
!t.n&!D38f!,<(!5!DxW!$/i!5!$04!5$W!L!K5$-!O$<C!=F*>#!$3!O$;#+!5!g,F3!5!O+,(+!5!DzxX
!5!1$/c+!DxcJ3!5!M+y0+!B4!5!!8*#+4,W!‰-4y#!^'?-.%&!+B!5+!,*X!L!D9F&!DF“B!5
!)$b'3$&!5+!4,f!5!K+B!7M+8#+!5!R!4B5P!5+!B$(!‚$?l'Q+!5!]$m!™bx'&!K5B!5!R!4.<#!D•:$F3
!5!4$<'0+!)$l3+!+B!5+!gB$%'Q+!5!,&8C!5!gB5$?3!5!j3$C!M+!Tp!5!R!Df$/?&!D&,_C!5
!B.N.&!5+!Dzi!4.3MP!,'?*&!+B!5+!g+4$0!5!•Jf+!8/\,V!5!L!8*#+4,W!U-.f!B+,Q+!O,b3
!K5!D:y/3!M5B!,V!5!R!D?W!g4$-M!K5!Dh+ˆm!5!sEN!].<X!5!DQ$*(!5!D-$x(!5!^X+4
!=Z6<S!M+!$C!R!8X!=3!,C!•*/3!O$;#+!5!)$9m+!B4!K5!DSB4!5!,C!•-,X!]$Fh+!5!].Fh!B4
!!L!DXˆWB4!)$l-4y#!"N$(!5!,l?:
!5!$xn{+!B4!D0$Q!,V!5!8-$<#!=3!k*m,C!"\!5$W!k-,zC!B4!,*X!"(!8-8&!"/34!).\
!UCP!s?f![5,N!5!8*?(!K5!s?\!B4!KB+8*&!"3,Q!89m!DQ4!!8-+yN+!=3!K5!K$F'S+
!!L!8?&!K5!M+!B+,h!5!1+.f!$C!8/W+,p!K5!¥5,x3!B4!g,*“
!,*X![+,N!,&!D<V!•!=/*&!=3!^3!y_0!5!K+B!•;a!R!B~B+ˆ&!K+2!DxW!5!DNB!"6*6(!‰-4y#
!5!D&,h!$C!O4B5P!D38%&!+B!5$W!^-+!5!R!O4.&!jN$“!U-.f!k*>#!B4!5!O8*#+4,W!B.>z3
!83P!U*p!)$<V!+,C!"(!2!DxW!"6*6(!L!O4$'x*&!U-.f!DSB4!5!jb3!M+!^3!5!DN$-!D#$l3
!!2!DxW!•!"#.Z\!2!DxW!"/34!L!+B!4,3!$QB$p!"(
!)+B4!8-8&!K5!B4!)P!K4M4!R!"-$3!)+,W!=';6f!5!,f$N!4+4!=C.9(!=V$X4$p!+B!K8V+M
!1+4P!5!sX$&!.C!DFb{B4!$C!sV+.f!=3!2!DxW!5!DNB!5+!‰-4y#!g4+B+!"S.&!5!4,(!u<c
!5!DN$-!='{,N!$C!4,(!=3!vN,&!=#$W8#M!L!K5!,&!8X!O,b3!v-,c!^-8&!L!OM.3PB4!Dz-,c
!,E?&!K5B!5+!k6c!B4!L!DQ!74,&!5+!"(!D9#+4!8-8#!"3$S!8V+M!).\!L!4,F&!O$<C!"3$S
!‡5,_3!+B!,Z-4!‰-!5!T&!R!8#4,(!=3!Y/S!"(!DXˆW!,*_%#!5!4,&!7+B!B4!R!4.&!74$E#
!R!8/'f+8#+!K5,Q!)+,*_%#!7$W$#!R!4B.f!=3!)$?-+!).f!5!4.&!783$*&!=V$&5B5!R!78*#+4,W
!"#$f!=:$mL!8-$?Z&!B+yN+!K$p!"(!D9S!=-$S!8*QB!,E?&!7$Z#$FX!8V+M!L!8X!"'?(!7$&5B
!B4!"(!)$(y*/(!)+!M+!+B!=l-!5!DX+4!7B$l#P!)$(y*/(!)M!)P!5!R!8X!$*E3!KB$(8&!=#M
!UfB!U*p!1$'NP!5!K8-4M4!B.#!5+!¥.W$/&!M+!1$'V$3!R4.&!86f!)$Q5,0!‰XB!]$<S
!"#+,C!^-+!"l#$/\!KM.Q!)$ES!KM5,N+!T6_3!KB+.f!,ZS!Ky-5P!]4!R!K4,&!78_Q
!!2!8-P!DQB4!5+!•{5B4
!!=V$W,f!8#M!‰6N!,&!.C!^9m!,W
!!!=V$3!8&$'&!+8S!=S,&!,V!M+
!!!=V+B!8&$*&!^*3M!B4!.C!•n:!B5
!!=V$\!,V!M+!4BP,&!,Q!•Q.-!8{
!K.h!":ˆ&!y•#!^%Q!D9\!)$*3!‰-B$&!K}$&!8/6&!)+4,3!"/'N!5!)$#M!1.XP!‘f.#!=-$#,F&
!!!k*(,C
!!!,i+!u-$Fc!B8#+!U(!u-$Fc!B8#+!U(!T(!)$/\
!!!,'?*&!4.&!K,C!5!=3,W!M
!!!K8/'?W!5+!4,W!)$x-,m!,Z-4!"(!='X+ˆZ#!"'F:+!5!4.&!78X!).'z3
!!,F:4!K+!4.&!78-4!+,C!"(!=<?\
!!•,W4!•.?;3!K5B!"&!4,Z#!).\!Tp
!4.&!"'X+4,&!)$*3!M+!$*m!1$_m!"(!83P!=<#!T&!…y*/(,&!5!8*X.S!=3!jf4!B.>h!M+!)M
!"(!kX!^-+!5!R!8/(!…JV!+B!$#,&!$C!4$'9-+!D6*m!B4!gB5,w&!L!74$E#!DQ4!•(!,&!)$S!5
!)$?-+!B4!)+,W!K$E&+,X!5!R!"'X+4!7$Z#!)P!D{,N!5!4.&!"'f$Q!)P!,*&8C!4,(!]5y#!8V+M
!B4!,VM!KB8h!4.&B!B4!1+.f!+B!!54,V!).\!L!8/'?W!B4!5!8#8X!)$'93!54!,V!$C!74.<*p
!$C!DN,W!)$V4!B4!,Q!,Z-4!5!DX+8&!$#,&!jN$Q+!B4!7B.Q$3!,Q!‰-!5!R!4$E#!K+!7B.Q$3
!)M!v6m!B4!O$<C!,VM!5!8X!+8S!"'xf!M+!K4$&!4B5P,&!O4!"l#+M+!U*p!R!834!K5!B4!,VM
!!2!8#+!"'xZ#!‚+yW!M+!5!L!8X!4,Q!K$S,&!)M!L!8/W+,e&
!!’+,w:+!DQ}+!jFz3!Ž+yS
!!!4,(!=3!g8V$?3!+B!]$m!^-+!8V+M!5
!v9N!D<6|!+B!4.f!8V+M!8*#+4,W!B./3!U-.f!]$<_&!+B!='*W!"{,0!•4${!`F{!"l#+8/\
!+B!5+!5!4.<#!…,FC!58&!K,Z?x(!L!8*F6c!,Z-4!=:y/3!5!8*#$VB!M$&!D0$<S!)P!4$9N!5
!DN$*w&!4.f!5!4,(!D-${5!5+!DX+4!‰*#!=/;3!B4!+B!O.h!5!R!4,(!)$<E3!U-.f!"#$%&
!)M!L!4.&!=3$_m!)M!)$?-+!)$*3!,*xQ!5!R!DX+4!='Q54!5+!O.h!5LDNB!)$'Q54!M+!=w;&
!!!.C!R!DNB!)$<E3!^3!K.X2!"(4+4!O$•*p!58&!+B!O$_m
!!!.C!5!s#+4!^3!"l#$/\!$*&!5!y*f,&
!)+M+!U*p!5!8-4!"#$f!B4!,&!+B!5+!R!8*QB!M$&!D93!,Z?x(!L!4.&!78X!,a$m!7$Z#$FX!4,3
!D9&!).'Q!,&!slb3!5!4y&!‰*#!+B!)M!5!83P!"#$f!B4!s?%&!‚!4.&!"'X+4!=#$<W8&
!=3!+,\!,q'/3!^-8/\!+B!4,3!2!DxW!5!83$*&!O$_m!)M!8*3+B$*&!v6f!"l#+8/\!L!Dx%&5
!,V+.f!K+!2!DxW!L!44,W!M$&!$C!^(!,Ff!"#!,W+!5!¥$&!,C45M!DNB!=V+.f!)5,*&!,W+!•!KB+4
!DQ54!5!O8/F&!U-.f!]8&!+,C!$C!74!KB.'Q4!5!K$?Z&!+,3!,C45M!4,(!=V+.f!='zxX!,W+
!)M!L!8X$&!,CB.l?3!"\,V!)+B8#+!D/3!uh.3!R!s-PM$&!]$m!B4!5!sV+.f!KBˆ0!+B!U-.f
!B+8*&!,Z?x(!)$*3!^-+!B4!L4$'Q,N!)5,*&!+B!5+!5!4+4!B4!^C!4.f!^'9&!5!5+!)4$?Z&!O$_m
!•*V!8#+.f!g+,l&!R!8Q$/?&!+B!5+!"(!4+8#!1+.S!s*&!M+!O$_m!)M!4,(!Y#$&!+B!)M!5!8X
!)M!=/*&!5!L!83P!).'Q!U*p!DX+4,&!74,Z?#!5!D?W!g4$-M!,Z?x(!s?fL^'xW!DQB$*#
!!LDQ,N!"xbC!•.?;3!‰-4y/&!2!"(!4+4!5+!DQ4!B4!5!8-,F&!O$_m
!$VBˆ0!5!8X!]4!Y/C!R!DN$-!78-,&!=/*&!+B!78#+.f!,V+.f!8*QB!M$&!,Z?x(!)M!).\
!"<V!^-+!5!L!DNB!"#$%&!DQ4!B4!=/*&!5+!5!R!D9&!).'Q!,&!+B!4.f!5!4$?Z&!+B!5+!5!DQ+.f
!B4!5!DX+4,&!$08&!DQ4!5!8*3+B$*&!='0$Q!,Z?x(!)M!L!4./X!=3!5!8-4!=3!8V+M!+B
!D<EC5!DQ+!74,(!s6|!^3!$&!K.X!"(!=#+4!=3!,W+!R!8#5+8f!K+!2!DxW!5!83P!g$S$/3
!^-+!54$S!B$l&$#!K+2!DxW!,Z?x(L74!M$&!^<&!=/*&!5!K$?%F&!U-.f!jwx&!.C!DQ!74$E#
!y0!B$W8-,NP!D<mB!5!]80!$C!,Z/&!5!s:$|!K+!y*f,&!2!DxW!4+4!1+.S!•!DQ+!^%Q!"\
!=:$;C!4y-+!4.&!,V$|!^3!Dm$Q!gŽ+,&!).\!"(R!!U-.f!B.EC!5!B.S!"6&$z3!B4!=/*&!"<Q+
!Df5,x*&![+,\!5!DQ$f,&!4,3!L!DX+ˆZ#!+.QB!5!"6„3!v6f!)$*3!+,3!5!4+4!M$&!^<&!=/*&
!M+!5!4.<#!‚+,'0+!7$/Z&!5!D?W!].•?3!B+ˆ'0$&!]$m!B4!L!B+,h,&!=/*&!5!8c4!D3J9&!+B!)M
!,&!='_m!B.E|!5!='*/&!‡.a5!=&!"(!4,(!"&.C!5!DQ+.f!=6b&!,'3$<C!"\,V!•n6&!O.h
!5!$QB$p!)M!y*Z#+!"/'N!,-,X!‰&,\!5!O4,3!.-4!O$<#!B$'xZ&!5!8-$</#!O+8h+!B$(!^-+!]$„3+
!D9*#!=&$_m!"'F:+!+B!5+!K$04!"(!7B.'93!^-+!K$aB!‚J%&!5!R!4B+M$*#!+B!"'xE#!]$*0
!!!L48#.*e#!KB$(
!"(!R!"F'?3!D6*m!"S5!5!)+,*m!U-.f!B$(!B4!R!83P!"#$%&!DQ4!B4!=/*&!O$_m!)M!5
!8V4!1+.S!"\!8//(!]+.Q!,W+!5!R!8-.W!Bˆ0!"\!+B!=/;3!^-+!)$Z-+,9<V!5!,V.X!‰-4y/&
!=<?'b3!"#$%&!5!DQ+.f!B+yN+!DQ45!4+4!M+5P!5!83+B4!1+.f!M+!O$_m!)$*3!^-+!B4!L
!s?f!M+!kX!=l-B$C!B4!O$_m!L!4+4!58&!$E/C!7,'Q!5!4,(!•h.C!K,-4!)M!L!DNB!DQ+.f
!D?W!,*b'3!O$_m!L!=/*&!=/*&!"(!4B5P,&!4$-,N!5!8/lN+B4!K$p!M+!^'?-.f!)M!L!Df+8/*&
!!!8#4,(!D3J3!+B!5+!5!8#83PB4!)$Z-+,9<V!5
!,&!+B!^X5B!M5B!]$<S!5!DX+4,&!U*p!M+!+B!=#$<6|!"6(!B+5!"c$?3!M5,N+!)$ES!`F{!).\
!"(!8*Q,p!=a$h!5!8#4,&!=a$h!U*p!+B!O$_m!5!8#8X!"6<S!)M!K$&,h+!4B!7.6S!s:$0!jV+
!5!D?W!,*b'3!O$_m!•='X+4!+5B!+,\!gB.0!^-+!)4,(!"6„3!O.6;3!O,S!5!,V$|!7$/W!=&2
!!!L!4,(!slm!5+!D&.z0!5!ƒ$>z&!=a$h!L!8X!yS$0!D_m!,-,zC!B4
!7$&5B!5!4,F#!^3!"3$S!4M4!"(!R!DQ+!kS+5!j3$C!1$&!^-+!B4!+B!=a$h!2!DxW!DQ$f,&!8V+M
!^-+!$3!"l6&!R!8-,F#!O.h!=/*&!O$_m!5!R!4,l#!…JV!,VM!+B!B$(8&!)M5!R!8/'?l#!)+,*_%#!+B
!)$*&!$C!4B5P!8V+y&!K5B!5!DX+8&!O$_m!M+!DQ4!=a$h!L!s-8*?(!U-.f!Tx/&!$VJ&!"<V
!4M4!g$V,'&!5!K4.F#!7.F#+!uFC!5!B$*9&!8-,3!K5MBP!+,3!,W+!2!DxW!8V+M!L!4./?&!Dl#!)P
!4M4!g$V,'&!D•:$F3!7,X!5!ƒ,m!B4!7$&5B!,W+!5!–!=<'N$*#!D{,N!)P!=<'?Z#!"'x-,N
!).f!5!K4.</#!D•:$F3!7,X!5!ƒ,m!B4!7$&5B!,W+!5!–!='N$*#!D{,N!)P!=<'?Z#!"'x-,N
!)$S!K4,l#!jN$“!)+.S!8>h!B$(8&!)M!,W+!5!–!K8*Q,#!58&!)+,*_%#!k*QP!='X+ˆW!5,N
!='X+8#!+5B!DzN+.3!4$9N!B4!5!Ÿ-,bC!D9-$X$#,&!O$_m!)M!,W+!5!–!K4+8#!4$F&!^-,*X
!!!K8?#!"6„3
!—-$'#!M+!5!K8*?(!4.%&!.C!D/b3!^-+!"(!=#+8&!$C!O4B5P!)+8&!j„3!^-+!2!DxW!"6*6(
!ƒJf!,*&8C!)./(+!L!O4,(!^3!B$(!^-+!5!DQ+!^*/\2!DxW!"/34L!K4.&!jN$“!)P!DFh$0
!!•!K+!78*?-8#+!"\!.C!2!DxW!"6*6(!•!=/*&!=3!"#.Z\!^3
!"(!"S5,E&5!s-PB4!‹,“!^-+!4,W!g$E-.<C!u-+8&!5!j*m!•-$n6&!"(!s?-8#+!=32!DxW
!D>fB!D*<m!kVˆ3!B4!+B!,*>zC!5!]$<V+!"(!R!s#+4,WB4!+B!5+!$C!sX.l&!44,W!^l<3
!=<#!.C!=':y/3!y*#!5!L!sX$F#!B5ˆ;3!g5,3!1$b{+!‰-4y/&!OB+4!+5B!='6x“!,W+!5!s/*F#
!"Q!5!L!O.X!1.9/3!=<lX!O,W!5!ƒ,b&!"(!OB+yW!=<#!O8h!=C4$-M!k6c!B4!5!s-.S
!5!)4B5P!K$_&!D6*m!v-$h4!5!g,lN!t+.#+!)P!j*>bC!B4!8#B+4!+5B!)Jh$0!"(!DQ+!‹,“
!–!4y*V,e&!74.3MP!g,w3!M+!5!8Q,&!v&$Q!,*f!5!D:y/<&!$C!v&$Q!ux#!k6c!B4!2!)4.<#8S
!B4!jFz'93!DX+4!B$<*C!5!–!Dh5!DNP!M+!Tx#!)4B5P!)5,*&!5!]$m!D;x/3!^'X+4!7$Z#!5
!^3!]$m!]$<S!5!sQBM$&!4.f!D:y/<&!sX$&!=3!B+58*3+!).\!^3!5!L!,X!uN4!5!,*f!M+,m+
!]4!B4!5!8/(!t+45!+B!^*3M!D?p!$C!s'9-+!5$W!=p!B4!D6*b&!"(!D9#P!v-,c!4.X!7M$C
!’+,N+!5+!B$„-+!B4!"\!R!D9#+B4!,*X!B$(!‡J{!5!]4![+,N!"(!R!8#+4,W!)+4$&P!=:y/3!…$f
!!L!"'?W!1.9/3!K+B!D(B!"&!5!DQ+!74,(
!"/34!L!sQ$/X!=<#!KB$0!+B!,*X!K5!D:y/3!^'X+,N+!5!5$W!t$/n{+!B42!"(!DxW!"6*6(
!R!8/'?W!8-y'93!$C!DX+4!+5B!‚$x%'Q+!)$b{$#!,Z-8&!5!DNB!='•:$F3!5+!k-,zC!B42!DxW
!‰63!DNP!"(!8/-.W!5!L!8X!unz/3!)$?-M+!5+!D&,h!8-+.N!5!5M+!)$?-+!D38f!uN$/3!5
!D9#P!)$3,mL!=#+4$#!5!=-.f!Y/C!5!B$WM5B!‚Jf!5!+.V!5!"/'N!5!)$3,m2!DQ+!y*\!UX
!"/'N!5!–!4B+ˆW5,N!8*3.#!+B!D&,_C!5!K+B!jV+!5!8#4,W!O5,b3!4.fM!+!+B!)$V+.f!‰*#!"(
!O$*#!M+!•:$%3!K$V,*?<X!5!44,W!ž4$m!78*?-8#+$#!K$VB$(!5!)$Q.*p$#!K$EZ/S!"l#P
!5!$&5!B$WM5B!‚Jf!5!–!)P!]$„3+!5!1+,X!5!t$<Q!5!B$lX!5!)$#y&!)4.&!u:.3!+.V!5!–!8-+,&
!B4!.6“!5!D*V+,(!5!s?f!’+,N+!=-.f!Y/C!5!–!8#$3!^-8&!"š#P!5!•,m!5!•,“!5!‘bh
!^'X+4!B$l&!5!D<{$%3!ua+.3!B4!DxcJ3!)4.<#!s-8zC!=#+4$#!5!–!DQ$*Q!5!D&.z0
!!!L!D63$_3!K$_&!D?h$/3
!g4$-M!.C!M+!g.h!+B!5+!5!DQ.*p!=#+.C!=;Q!5$W!…JV!B4!"#.Z\!^l:L!s'9#+42!DxW!"6*6(
!K$VB$(!K$/&!"(!R!D9-,Z#!8-$?#!=#$;3!^-8&2!DxW!"/34!•!4B+4!U*&!^*;3!5!B$-!5!DQ+
!!!2!8#+!"'xW!5!R!D9*#!)+.0+!KJ*'Q+!5!g+~!g.z&
!=“+M!"(!DQ!78*Q,#!.'&!5!L!8V8#!DQ4!g.h!5!B5y&!4,(!)+.C!D6*m!5!K+B!"&!"š#P!5
!!2!DxW!•!"#.Z\2!DxW!•!4,(!…JV!+B!B$3!D6*b&
!R!4.&!KB$3! +B.Q!=:+.m!)P!B4!5!R!DX+4!"#$f!='fB4!K}$&!,&!7.(!B4!=“+M!"(!8#+!74B5P
!D-$lX!8#$3B4![+M!5!DXˆZ&!8m!M+!).\!L!K4B.%&!B$3!K4B5P!)5,*&!"š&![+M!"(!7$W,V
!)$S!s:$|!^-+!KJ&!M+!+B!4.f!"(!s?-8#+!=32!DxW!5!4,l&!4.&!K5!DQ54!"(!]$ZX!)P!,&
!=32!DxW!•4$E#!=V+.f!B$(!^-+!B4!O8h!v-,c!"š&2!"(!8*Q,p!]$ZX!L!s#$VB!M$&!,lX
!B.#!jFz'93!B4!$C!R!s/(,&!U/*&!)$ES!K$E<?\!7$W$#!4.X!1+.f!B4!B$3!).\!"(!sV+.f
!D9*#!)+8/34,f!D&$&!,*&8C!^-+2!DxW!]$ZX!L!44,W!^<-+!5+!8>h!M+!^3!]4!7.n3!5!78-4
!B+.f!=V$3!).\!$C!B$E/-M!5!L!8X$F#!,nf!)+B4!"(!8/(!=ES5!,&!^<X4!8>h!8/34,f!"\!R
!2!DxW!•"#.Z\2!DxW![+M!L4+4!4$F&!y-y0!)$S!R!DQ.*p!=;Q!‰-$p!—/p!…JV!B4!"(!=/l#
!5!='N,W!=3!=V$3!DS$m!B8z&!5!R!4.&!"'f$Q!^c5!=&P!k:!,&!KB+.f!=V$3!"(!8#+!74B5P
!L!8#$3!M$&!B$lX!M+!DN$-!7+B!58&!K,*p!•;a!).\L!DX+ˆW!=3!D<;#!5!k>f!B4!KB$WM5B
!DQ8&!=a.0!DQB$<3!5!D&,_C!yS!K5!M+!5!DNB!74$?W!4$/0!"(!,<0!$•-B42!DxW!4.f!$&
!M+!).\!R!4.f!B$(!K$/&!M5,3+!L!4.&!8#+.C!K,*W!DQ4!$-!K4,3!K$p!K,*p!Dh5!B4!"(!83$*#
!8-$&!"S5!^-+!M+!D9'?*;3!O+.h!"(!g.h!1$FQ+!5!4$E#!8-$&!D6*m!,&!R!O+!78#$3M$&!g.h
!!!L!Df$Q
!DxW!5!83P!,'?*p!R!8-8&!+B!5+!B54!M+!‰-$p!—/p!L!D9?/&!1P!B$/(!,&!=($/V58#+!).\!Tp
!,V!"(!4.&!)P!^3!D?*;3!g4$3!"(!R!sX$F#!…$/<“!"#.Z\2!DxW!L!s/*&!=3!…$/<“!+B!.C2
!=z3B!8Q!)+8&!+,3!5!R!4,(!=3!"#+,(!B$WM5B!)+8&!5!=<'N,W!=3!=V$3!)$W54!)$Z-!M5B
!5!8/'XˆW!=3!$_/-+!M+!4$*{!54!M5,3+!5!•4$'N+!=<#!,'?*&!)$>z#!=V$3!B4!5!4.&!=3!j{$m
!!!ŒL!4,(!8-$F&!)$?-+!,*&8C!R!DQ+!B$*9&!=V$3!,*W!1P!^-+!B4Š2!"(!DxW!=3!,Z-4!‰-!$&
!5!ŒL!s-BP!$E/-8&!K5B!s-M+4,e&!)$?-M+!).\!DQ+!,'?*&!K$S!)JNŠ2!DxW!)$?-+!M+!=l-
!•,3!=%6C!j&!=Z/Q,W!—#B!,&!5!DX+4!8-$&,&!)$S!M+!]4!+,3!8X$&!"6<S!^-+!,&!]$m!,W+
!!L4$E/&!]4
!B$?'9<:+2!8/'xW!+B!5+!5!8#83P!5+!‰-4y#!"6<S!5!4,(!,Ff!+B!)$*V$3!5!DN,&!‰-$p!—/p
!8Q,p!Ky*\!^<X4!5M+!"\!,W+!gB.?3B4!8/34,f!5!s*/(!=3!gB.?3!.C!$&!$3!5!R!^<C.3
!O+58&!.C!g+~!K$z&!5L44,WM$&!58&!)P!ux#!"(!KB$(!B4!"{$f!4B+ˆZ#!5,N!Db*>#!’,X
!D35$z3!4$*{!$&2!DxW!B+.f!=V$3!•!=/*&!1+.{!"\!$3!B$(!B4!L!DQ+!v6;'3!$3!jQ$/C
!"(!s#+4!=3!K,*W!1P!=l-4y#!^-+!B4!^l:!L!4,(!s#+.'#!=CB$X+!)+B4!^3!5!R!48/F#!gB.{
!)P!,;h!B4!Y-B!"#+4!R!•4${!`F{!M+!,CM$<“!5!DQ+!vX$0!"-,W!M+!,CB4!74,p!$x>&!U&P
!!!L!8-4!)+.'&!)P!M+,N!M+!=V$3!"w*&!5!4,<X!)+.'&
!D9*-+B!.l*#2!8/'xWL!8*'N+!D“+,N!5!k>f!5!Dm+B!5!^3+!B4!4,(!8*#+.C!j-.bC!)+8&!,W+
!$C!D0$Q!5!4,*W!g83!OB+8#!o-B42!DxW!L!D9*#!^l<3!.C!g,V$q3!5!D#.;3!=&!jz#!^l:L
!$C!8#4,(!j<bC!$E'/3!5!8#4.<#!t,wC!B$*9&L4.X!D-$N!D{,N!5!8/-$*&!)+4$*{!D0$Q
!5L!K4B.%&!4.&!=:+.m!)P!B4!"(!=-}$&!,&!5!K4,F&!=V$3!8/\!M5B!,V!"(!4+4B+,h!)+,&
!Dz&$93!5!='Q4!U*p!,Z-4!‰-!$&!5!8#4.<#!=3!D0B$93!5!j*_;C!j-.bC!)P!B4!)+,Z-4
!=3!Dq0!)$&y&5!D9-,Z#!=3!)$?-+!D6x“!5!.EQ!B4!g,F0!s?š&!4.f!5!R!8#4,(!=3
!5+!K+yQ!4B+4!+5B!4$<'0+!,V.W8&!5!,x|!s*£:!,&!5!4.X!"'x-,N!^<X4!75J&!"(!,V2!"(!DxW
!!!L!D9/-+
!D?p,&!+B!5+!B+.f!=V$3!L!8/(!j-.bC!"(!DQ+.f!sV!‰-$p!—/p!DXˆW!)+,&!$VM5B!).\
!=V$3!)+.%'Q+!B54!M+!‰-$p!—/p!).\!L!4.&!)$*V$3!7$Z&+.f!"(!4$E#!}$&!)+8&!K5B!5!DN,W
!,nf!O$z3!B4!+B!^<X4!).\!8/34,f!"(!8*?-8#+!L!D9*\!]$m!"(!D9#+4!R!B$*9&!8-4
!=;Q!U-.f!).f!B4!4B+ˆW5,N!UX.(!,W+!4,(!g8V$?3!4.f!)$S!B4!5+!8>h!5!8-8&
!8'N+!•$xC+!KB$(!)P!‚J%&!,W+!5!R!4,*W!O$#!8-P!M5,*p!,W+!8*X.l&!).\!5!–!8X$&!74,(
!1+.i!+B!5+!g4$EX!g4$;Q!$&!5!R!44,Z#!).;n3!5+!D3$EX!5!=Z#+4,3!5!D*<m!5!O,(!KB$&
!4,?x*&!slb3!5+!v6m!5!8/ZN+!B+.f!=V$3!)4,W,&!^'?-.f!Tp!L!8-P!sV+,N!g8V$_3
!!LDNB!‰:$3!gB$-y&!,9l-!5!83PB4!+.V!M+!¥.E*&!"l#$/\
!D-y;C!5!R!83P!)$*V$3!D*z&!‰-4y/&!$C!4$E#!7+B!B4!K$p!5!DN,W!U-.f,Q!‰-$p!—/p
!8/'?W!4$X!)$/Z<VL4+4!OJ0+!]$m!gB.{!M+!5!DxZ&!)$?-+!g$*m!D*/EC!5!"'XˆW!)+B$-
!!!L!8#4,<X!7M$C!,<0!+B!B+.f!=V$3!g$N5!5
!!!]$ZQ!8&!Tp!M+!='&,X!+,3
!!]$Q!4$'xV!,<0!M+!,'X.f!4.&
!^l:!L!DQ+!74,(!…JV!+B!^'?-.f!D6*m!5!8*l&!T(!B$*9&!"(!O4B5P!)+8&!j„3!^-+!5
!L!8X$&!B$3!…JV!kS.3!5!.C!K$z&!kFQ!K4,W!$#+.C!B$(!)P!,&!,W+!"(!s-$<#!=ES5!+,C!^3
!DxW!]$ZX!L!4,(!)+.'#!‚Jf!+B!8/34,f!K+B!5!DXˆW!)+.'#!)$'Q54!gB$X+!M+2!DxW![+M
!,q#!$C!KM+8#+!=3!s?\!$V+,b{!5!$E3$&!B4!5!=/(!M+5,p!+.V!r5+!B4!"(!s-$<#!=3!)P!1+.{2
!,CB+.<V!5!KB+4,&!+B!)P!5!=-P!45,N!L!8X$&!,9*3!)P!)4.&B!"(!=/ZN+!74$?W!K+!"-+,*p!,&
!$C!KM+8#+!K5,&!=QB!B$3!‰-4y#!).\!L!K4,Z#!k-$“!)$34,3!s?\!M+!"l#$/\!K5B!=3
!!!L!8#B+4,&!"-+,*p!7$Z#P!8/#$VB!M$&!+,C!D9%#!8/X$&!783P!"-+,*p!k6c!B4!"(!)$34,3
!–!"'?W!].•?3!gB$En&!4.f!5!74$E#!O$&!"X.W,&!"-+,*p!8-4!+B!=#M!4$E#!=#+4$&•&!K5B![+M
!]$m!B4!8#4.&![+M!=p!B4!"(!)$34,3!L!Df+8#+!B$3!,&!4.&!"'xW!"(!k*C,C!)P!,&!5!4.&B!B4
!!!L!DQB!M$&![+M!5!8/'N.l&!B$3!,Q
!L!8X$F#!^l<3!g.z&!4,(!)+.C!D6*b&!"š#P!"(!=#+8&!$C!O4B5P!)+8&!j„3!^-+2!DxW!"/34
!)+.C!DQ4!"#.Z\!5+!$&!,l<&!DQ+!u<S!jz0!5!4,f!B5M!5!g.h!$&!"(!+B!5$W2!DxW!"6*6(
!s#+.'&!+B!5+!D6x•&!R!^<-+!^3!M+!5!DQ+!B5,•3!^<&!^l:!L!DQ+!^*/\2!DxW!"/34!•!DN$-
!,*X!D6*b&!¥.W,f!"l#$/\!R!8'N+!,C,*W!K$S!8/-$?W!^3$3!M+!"(!B8“!^*<(!"\!L!8/lN+
!!2!DxW!•!"#.Z\!L!4,(!…JV!+B
!K5B!)P!Tl0,&!5!4.&!74,(!,n;3!+B!D?E&!K.&!)P!s*9#!"(!KB+y“,3!B4!"(!8#+!74B5P
!!!)+,*m!,EeQ!B+yV!7B$'Q!,V!B4!5!)$&$C!7B$'Q!B+yV!=f$X!,V!M+!R!78*#+4,W!B./3!+B!‰6N
!!$/*3,&!D%-B!g.h$-!=-.W!1$bQ
!!B$Z#M,&!D%*&!‚,Z/X!=-.W!s*9#
!!!^*3M!K5B!B.%&!5!+.V!s?\!B$%&
!!B$f!"š&!K5B!5!DQ+![$&!"-+4!s?\!M
!gB5$_<&!^l:!R!8#4.&!Dm+B!5!k>f!B4!1P!5!B.f+,\!kF9&!"<V!"(!4.&!B$*9&!¥.m5
!,V!.C!2!8/'xW!5!8/'NB!,*X!‰-4y#!"6<S!5!8#83P!sV+,N!KM5B!L!4.&!™•/3!"<V!)P!,*X
!B4!"'Q.*p!$3!5!D9lX!=#+.C!=3!B$lX!=l-$3!M+!)+5+,N!Dz?3!5!B$*9&!—#B!M+!Tp!M5B
!5!^3+!+B!$3!5!D“+,N!)+B4!+,C!"(!s-+!78*?-8#+!Ky*\!)./(+!Lk6c!5!K.p$ZC!B4!.C!5!J&
!‰63!U*p!KB$lX!=l-!•|.3!M5B!,V!=/(!j-+M!$3!M+!U-.f!‹,;C!,W+!L!8X$&!Dm+B
!+B!)+B$-!L!83P!¥.W,f!,&!"0,h!M5B!‰-!L!83P,&!)+,&!=C83!5!4+4!$aB!)+8&!,*X!L!s*'Q,N
!L!s#$VB!M$&!B+.f!).f!B$FS!^-+!B.S!M+!+B!$<X!^3!8*/(!=xh.C!^3!)4$'Q,N!B4!,W+2!DxW
!"'9VP!Tp!R!DXˆZ&!,*X!DX$\!Dh5!$C!4,(!•h.C!='0$Q!5+!L!D9*#!='z-$w3!2!8/'xW
!8/C!4$&!,&!+B!5+!=Z/Q,W!UCP!DN$-!Y/C!]4!+B!,*X!L!4$E#!,*X!K.9&!K5B!O,#!O,#
!‰?f!5+!)$V4!1P!"l#$/\!R!783P!8-8p!K5!g$/lQ!5!g$(,m!B4!s?f![5,N!5!4.&!78#$?#
!!!L!D9S!=3!…$f!B4!+B!8E0!Ÿz#!5!4.&!74$'9-+
!DFb{!B4!2!DxW!•!D9*\!¥.m5!]$m!5!=-P!=3!$_(!M+2!"(4+4!M+5P!R!8-8&!+B!¥.W,f
!‰63!DX$\!^-+Š2!s'xW!^3!R!8'9&!^3!M+!K,*X!7+B!B4!R!8#4.&!74$'Q,N!=X.W,f!^3
!g.h!"(!R!,C!=:5+!^<&!)P!8*{!5!7$WB$lX!^-+Š2!DxW!5!8#+B!$V$xS!5!4.</#!g$x':+!RŒ!DQ+
!^<&!+B!5+!2!DxW!5!DQ$%&,*XL!s/(!,Ff!+B!‰63!$C!s'N$'X!^3!ŒL!DQ+!g4$-M!^3!D(.X
!!!L!K$<#
!^*z-!5!‰X!K+!"/-P!).\!)P!K$x{!"(!4,&!•By&!=V$\!,9&!+B!5+!5!4$'9-+!U*p!¥.W,f
!!!L!K4,<X!,&!‰-!,V!7,E\!‚${5+!5!K4.</&!$ECB.{
!,*XL!s-$<#!+B!5+!R!4,*W,&!B4!+,3!‰63!,W+!R!sQ,C!=3!K5!M+!^3!5!D9V$\!^-+!B4!2!DxW!5
!5!DX+ˆZ&!+B!5+!R!8-8&!¥.W,f!)+M+!5!4.f!]$*f!R!D9-,Z#5,N!7$š&!5!DN,W,&!B4!+B!5+
!!!L!4,eQ!‰:$<&!B+4,3!)$S!5!B+.f!).f!Tx#!5!4B.f!=c.“!5!8/ZN+!7$\!B4!+B!4.f
!+B!5+2!DxW!R!8#8*Q,p!,*X!B$(!D*x*(!5!]$m!gB.{!M+!¥.m5!L!DNB!M$&!D3J9&!¥.W,f
!5!8/'?W!B+.Q!=Z#$34$X!k(,3!,&!"<V!L!8X!4B.f!…$f!)5B$h!—/W!).\!"(!O4+4!=c.“
!!2!8/'f$Q!4B5!+B!D*&!^-+!5!R!8#4.<#!=#}.S!Dm+B!5!^3+!B+y“,3!B4
!B4!5!4B+4!=ES5!44,Z#M$&!,*?&!)P!—#B!"l#$/\!4,(!=#+.C!…JV!+B!5$W!,W+2!DxW!"6*6(
!$C!B$E/-M!8V8#!DQ4!48#.*p!58&!=C,w3!"š#+M+!=&!,W+!5!R!4.X!"'N$-!=6-5$C!4,f!O$lm+
!^%Q!L!8/l#!B$*'f+!O58%3!—#B!U-.f!U-$QP!K+,&!8/34,f!•*V!"\!R!=#y#!)+,&!k*QP
!B4!5!D9S!D{,N!KM5B!$C!R!4.<#!80$zC!,*X!gB$-M!M+!"/34!5!8#8*#$QB!,f•&!"<6(!^-+!,&
!,*f2!DxW!•!D9V!,*f!R!O+!78-8#!"(!DQ$VM5B2!DxW!,*XL=3¦4!).\!DNB!5+!U*p!Jf
!K.WM$&2!"(!4.3,N!L!KMP2!DxW!•!DQ+!78X!ž4$m!Ky*\2!"(!8*Q,e&!L!8?&!K$S!M+!L!8X$&
!4.<#!M$&!8-$&!,C45M!L!DQ+!Dh5!D0$Q!^-+2!DxW!L!8-P!DQ+B!Jf!5![+,N!]$m!B42!DxW!L
!^%Q!,V!2DxW!"/34!L!8/Zx*#!+4,x&!M5,3+!B$(!jFz3!8/34,f!5!R!4B+8#,&!,*f$C!g$<E3!"(
!y**<C!5!jz;&!"(!,Z3!4,(!)+.'#!K,*:4!)P!K+4+!,&!8-P!D*V+,(!+B!78#./X!)P!t$<Q!M+!"(
!)+B4!+B!78/-.W!"\L44,WM$&!58&!)P!8-+.N!5!uN$/3!"(!"{$f!R!8X$&!O$<C!='zi!78#./X
!D;FC!M+!,W+!5!L!4.&!8#+.'#!,Z-4!K+!78-$N!Db{$/3!OM+.:!,-,zC!5!D*&,C!•.zm!4B+yW!K+B5
!)+.C!=3!)+8&!)4.<#!O+8h+!^-+!D>fB!5!L!8X$&!O$#!$&!`'N!j&!O$<C!B$(!8E_&!D3J9&!)P
!)P!t$<'Q+!B4!"/-+,V!5!R!DQ+!=/„'93!….63!M+!4,f!D-y3!5!K+B!D6*wx&!‰63!"(!DN$-
!DzxX!Ÿb3!M+!^3!^%Q!"(!8#$3!8V+.%#!78*X.p!y*#!5!L!4.&!8V+.f!)$*3!B4!"#$l63!y**<C
!"N$(!K$z&!5L"6V+!1ˆl-}!8€+,:+2!8#+!"'xW!"\!L!8X$&!7y/3!DF-B!5!‹,“!M+!5!R!45B!D#$3+!5
!4B+yW!M+!8X$F#!7B$\!+B!74+M!]Jm!5!8/34,f!5!L!DQ+!"'9&!M$&!‰63!,<0!O+58&!¥.m5
!4B+4!)$E/p!k*Fc!M+!=#+.C$#!R!5!R!8#$X.e&!='b*>#!7$X4$p,&!"(!,V!"\!R!•8{!,-,zC!5!vm
!!!L!8X$&!74,(!D#$*f!+B!4.f!L!8/*F#!y-$S!)$'Q54!,&!"h$N!5!=?-5B4!B$E|+!5!R
!DQ+!78X!7M$C!"š#P!L!,V$|!.C!]$m,&!)P!B$iP!5!DQ+!B,z3!.C!D#$3+!B.N52!DxW!,*X
!]$_3!)P!=:+.m!B4!+B!DEFX!5!=#$<W8&!5!R!8'N+!j<m!Db*>#!5!DzxX,&!"(!R!K$<#M$&
!!!L!8-$*#!74+4
!5!74.<#!D:$<'Q+!=0./&!+B!‰-,V!5!DQ+!74,(!$EC.6f!,l?:!)$38z3!,&!"&y/X2!DxW!"/34
!B4!5!D9#+8&!5+!g8*l3!5!K+B!5!4,(!O.6;3!5+!g.h!5!B5M!7M+8#+!5!O4.3MP+B!,*XŠ!"(!"'xW
!’+,N+!B+8“!D<;#!,N$(!)P!O+,(+!B4!‰63!5!Œ!L!O8-4!u-$X!=x;a!5!O$<C!=66f!‰-!,V
!5!R!8*#+4,W!U-.f!Tx#!,*q#!+B!5+!DQ+!‰63!™-$>f!M+!"(!,3+!~$x#!5!D3,m!B4!5!R!4.<#
!5!4$E#!"w*&!5+!]4!B4!"/'N!.-4!$C!R!4,(!v6n3!5!74$?W!8z0!5!jm!5!=E#!5!,3+!B4!5+!DQ4
!M+!+B!=l-!7$X4$p!).\Š!"(!8#+!"'xW!5!L!Df$Q!K+!"#$f4$&!5+!,Q!M+!)$*>0!K+.V
!DQ4!M+!45M!8-4!U-.f!"#M+.3!5!"6&$z3!B4!]$3!5!uFC!5!7$S!5!D3,m!B4!)+B+yZ'38f
!)+,Z-4!,c$f!Df$/X!8#+.C!‰63!"š#P!"6<S!B4!ŒL!8-+B4!K$p!M+!4.f!}+!5!R!DX+4!8-$&,&
!5!4.?&!DQ4!"l#P!M+!U*p!L!8-P!74,(!B$(!,*&8C!j*_;'&!"(!s#+4!=3!)P!^3!5!L!8Q,#!)+8&
!)P!=Z#.Z\!,X!"/-$;3!5!ž58m!M+!U*p!"l#P!]5+2!DQ+!t.#!54!sV!OM$m!5!8Q,&!=-$_&
!K+B!D&${$&!)P!`C+.N!B4!5+!8/#+4!$VB$(!sC+.f!B4!)+,Z-4!"š#P!5!R!8X$&!"'f$/?&!+B
!Uz#!^\Lj<;:+!,fP!,lx:+!]5+!L!"'f+4,e&!g,lN!j-+5+!B4!)P!,f+5+!,*&8C!R!5!8X$&!"'9#+8&
!)$&M!5!L!8X$&!)$9l-!jh$0!5!^*&B545!jV$S!5!jN$“!)+B4!83P!+8*p!"i4$m!gB.{!5!";h+5
!$EN,;-!$<(!jV$_:+!$EN,0!g,&4+!+~$N!˜6Fz3!DE&$?C!B.3}+2!8/(!gB$F0!=/;3!^-+!M+!K.F#
!!Ljh$;:+
!!8#+8&!7$W$#!g,lN!‰*&!.C!^V~
!!B+,Q+!74,p!B4!8X$&!)$E#!"(!=<V5
!!8/*F&!78-4M4!g,e#!‰*&!.C!K+B
!!B+8“!,c$fB4!4B+4!^*<(!"(!=/|
!$VB$(!)4,W!g$h5+!"<V!B4!Df+4,p!U-.f!]+.m+!DFh+,<&!v9#!^-+!,&!K+B!km${!).\
!8#+.C!1$-$p!"&!^'?-.f!8'N+!1+4,W!B4!"l#P!M+!U*p!5!DX+4!8#+.C!4.f!‚,>C!"wFh!B4
!!!L!8*#$QB
!!]$m!•*E&!=X$F#!"'xf!s>f!B$(!B4
!!)$FQ$p!1+.f!4.&!4M4![+,\!+,-M
!5!R!8V8#!7+B!4.%&!+B!g,*m!5!D?V4!5!R!4,F#!K$S!M+!]4!8QB!58&!J&!).\!"l#P!O54!5
!!L!8#$<#!78*X.p!K5!,&!1+.{!^*0!5!,*&8C!"S5
!!4,3!=<V!4.X!)M!.\!"(!=-$S
!!j-$wx:+.&!DQ+4,3!$_#P
!5!"<*Q+,Q!"i4$m!D;h5!5!)+,*m!$VB$(!B4!g,lN!)$?-,p!5!K+B!44,'3!5!7B$š*&!5!yS$0!5
!!!,{$h!g4$;Q!k6c!M+!D<V!5!B.>z3!=/<C,&!D<E#!R!)}$#
!8#+!74B5P2!DxW!•"#.Z\2!"(!8*Q,p!,*X!L!DQ+!=V$3!"Q!)P!D-$lm!s*9zC!^-8&!!v-}!5
!=l-!5!OM$m!54!5!R!4.&!=V$3!"Q!).>3!)$-BˆW!‹,;C!M+!5!B54!7+B!M+!K,*Z&P!B4!"(
!,V!5!8#B$*&!]$S!"(!8#4$E#2!4$;*3!,Z-4!‰-!$&!8/'XˆW!)+,&!4$*{!54!KM5B!$wh!M+LyS$0
!4,F'Q4!$VB$&!5!DX+4!g4$-M!Oym!"l#P!L!8#4./?&!^%Q!^-+!)$*V$3L8#,*Z&!=V$3!"Q
!D&,_C!5!4,f!’$9&!,&!5!74,(!"/-$;3!B+8“!,EeQ!=<?\! .X!5!4.&!78-4!=N$S!"#$3M
!L!DNB!)5,*&!B.N,&!K83PB4!1P!"(!k#$S!)P!M+!5!4B5P!B$l&!K5B!R!‰FQ!R!78X!O8h!D&$i
!!!L!8/'9F&!slb3!,*W!1P!k#$bS!54!,V!5!8#8*Q,&!)+4$*{!)$*3!^-+!B4
!L!,E&!=&!D&,_C!g,*f~!M+!"#5!4.&!jc$0!4,f!"-+,*p!M+!"#!R!DQ+4!KB.“!sV!K,Z-4
!g4$-M!u'<C!DNP!Dh5!B4!K+B!g+,<i!M+!5!R!8V8#!,'?*&!78-$NJ&!O$Z/V!B4!,*&8C!8/\,V
!^<X4!8-$l3!uN4!B4!5!R!44,Z#!8*3.#!yW,V!U#+4!uN$/3!M+!jh$0!"<V!^-+!$&!5!L!DN$-!)+.'#
!74,3!^'?-.f!Tp!L!D9#+8/34,f!,l3!M5B!5!)+4,3!g$Fi!Dh5!L!8/*F#!1+.{!,*f$C
!DQ+!74,3!"(!8X!gB.{!).\!5!DX+4,&!+B!5+!4$*{!L!DNB!=3!)$'Q!1P!K5B!,&!5!Df$Q
!!!L!4,F&!D3J9&!)$S!5!Df+8#+!K.S!B4!^'?-.f!D6*b&L!Df+8/*&
!5!)+4,W,Q!5!)+,*m!4.&!,V$|!K5!]$;N+!B4!y_0!5!k:$“!K5!]+.m+!,&!D6x“!"l#P!5
!!!L!8X!B$'N,W!$C!8-54!=3!k*?#!5!M+,N!B4!5!DNB!=3!DQ+B!5!I\!R!)$?(!K$p!5!¥.V83
!5!L!DQ+!kS+5!j*_;C!"&y/X!B$(!B4!"(!4.X!B,z3!+B!‰63!$C!O4B5P!)+8&!j„3!^-+!5
!5!R!8-$3,x&!D/l3!O80!5!D{,N!g.N!M+!U*p!$VB$(!,*&8C!"(!8X$&!)P!B$Z3$(!7$X4$p
!454!¥M.Q!)$ES!Oy0!"6;X!5!R!4BP,&!^<X4!4.&!5!4+M!M+!…$f!¥B+4!1P!,*?<X!D&,a
!"(!8X$&!=<#!=#$<W!^l:!L!8X!O.6;32!DxW!,*X!L!8#$Q,&!)$<Q•&!s>f!)$3!5!)$f!M+
!B4!"(!R!4B+4!+5B!"6&$z3!U-.f!)+,x(!vm+.6&!+B!D*&,C!v&+.Q!5!8?-8#+!='#$*f!"&y/X
!!L!O+!"'X+8#!y-$S!=&.f!5!=-.l*#!yS!D-$“!^-+!$C!K5!1$&
!!!L!DQ!74+4!7+B!58&!,n&!^-+!‰63!O+,(+!’,N!5!R!DQ+!^*/š<V2!DxW!"/34
!Tp!8*Q,&!DQ+!B+58*3+!"(!=':y/<&!$C!8X$&!]4!‰-!5!`{$#!"?*<V!,x|!s*£:!,V.W!8&!5
!KB+4,(8&!‹,“!"-$3,Q!5!5MBP!7M.3!DQ4!5!R!4B+8#!)P!=#$-$X!"(!4,&!]M$/3!,Z-4!=/<C
!R!8X$&!8*3+!5!s*&!780$h,&!…$p$#!5!j{+!=&!Db{$/3!5!D38f!K$/&!5!L!4M$Q!+B!D#$*f!5
!$<lm!5!L!8-+,W!,X!UCP!)4+4!}$&!5!,*f!1P!)8*#+4,W!7,*'&!D?W!=/•'93!5!^<-+!).\
!4B+8#!O5,b3!)$/\!U-.f!D3+,(!5!Dxc$0!M+!+B!)+B$Z'38f!"(!8-$&!7$X4$pŠ!"(!8#+!"'xW
!"(!8V8#!D*/“!5!D<;#!)+8/\!5!R!8//(!j*3!5+!)$/<X8&!5!8#4,W!8*3.#!=WB$Fl-!"(
!™#!5!8/(!K4y-+!1+4•&!+8h+!5!R!8-.S!7+B!)$?-+!,c$%&!].wN!d.V!5!8#.X!,Z#+.C!K45y&
!$CR!!O.6;3!B8z&!}+!":y/#!$3!5!"/€+yf!$#8/0!}+!Ž=X!^3!)+!52!4M$Q!O$3+!+B!y-y0!j-y/C
!!L!8/(!DFb{!)$?-,&!K8*3.#!K,*:4!"#!R!8#+BˆW!=3!B$WM5B!$SB!5!‚.f!)$*3!"?*<V
!Df$/X!8-$F&!5L=/•'Q+!7PB!)+!=•n*:!)$9#}+!)+!8-.S!7+B!)$?-8&!$/•'Q+!)$*•c!"#!5
!,&!•6lC!5!•*6l'&!+B!Dz-,c!O.3ˆ3!g,*Q8&!5!8-$*#!='Q+B!yW,V!r+y3ª(!M+!"(!+B!‰63
!!!L!4,(!)+.'#!$/XP!DQ+B!7+B!5!=a,3!•Jf+
!!`X,-!"*N!Kˆ:$&!Ž$#+!j(!5
!!!DQ5B4!"(!45+,C!)5,&!)$<V!7M.(!y(
!).\!8/-$<#!D•:$F3!)P!‡J{+!B4!5!8#B+4!"'9&!O4!B$*9&!"\!,W+!O4ª(!U*#!"(!)$/\
!"\!,W+!R!)$b{$#!^%Q!"(,V!5L!4,-ê#!rJ0!j-5$C!•*E&!5!45B!M$&!j{+!B+,z&!8/-$?Z&
!).\!R!8#$<#!=:$f!=#$<*?p!M+!5+!K$VB$(!kh+.0!8-$</#!t$<'Q+!R!8/-.W!$&$b3!=&!5!DXB4
!R!4B.f!g.EX!5!5MBP!k9m!,&!D&,X!5!+ˆ“!5!4B+4!‰FQ!+B!k*Fc!gB$X+!"(!KB$<*&
!!!4.X!,C!^3M!D60!5!,C!=:.'93!=#+.C$#!"qb:,V
!5!R!DQ+!Db{$/3!1+.&+!,-,zC!5!D<;#!vm!4B+yW!)+B+yZ'38f!,&!)$V$X4$p!•.zm!M+!5
!k#+.S!DFh+,<&!5!8/*&!kS+5!D•:$F3!Db*>#!)8*#$QB!B4!"(!DQ5+!)$'Q4,-M!,C!vx?3
!7+.f!]4!5!R!4B+4!4.<b3!DFh$0!5!=a,3!5!D<C$f!"(!D9#P!$VB$(!,'E&!5!R!44,Z#!].•?3
!M+!"(!DQ5+!)$'Q54!,C!vN+.3!5!R!45B!‚+,X+!5!)$W8-yW!)$&M!,&!"(!D9#P!$V$/i!,C
!5!K.z'&!"(!D9#P!$EC,*Q!,C!78-8/9p!5!R!8/(!$Q.3!=#$;3!"<V!B4!5!4y*V,e&!Dx:$%3
!K5!,&!D/b3!g,_a!5!8&$*#!7+B!58&!D<;#!,n&!"(!DQ5+!v-Jf!,C,Z#+.C!5!R!8?(!‚$x0
!^-8&!g.F#!g,wm!gB$X+!5!D9#$#M!uFc!—-$'#!M+!D6>f!54!,V!^-+!"(!44,Z#!=:.'93
!!^'6_f!^';FX!+~+!5!^';h4!^';S!+~+!^l#+2!4B+5
!=Cˆ:!)P!U-$QP!M+!5!R!8X$F#!$/E3!5+!1+.f!8/(!^*:$&!B$3!M+!5!4M$Q!,'9&!UCP!M+!"(,V!5
!M+!5!8/*&!=/<X4!)$'Q54!M+!).\!"(!D9#P!jz0!gB+y“!5!K+B!4+8Q!78-$N!L!8&$*#
!M+!^3+4!5!R!4,*W!sV+,N!4.f!B$(!‚+,c+!]$m!B4!8/(!g8V$?3!K,'E3!g.%#!)+B$Z'38f
!"\!R!4M$Q!)+B+.W!=3$X!5+!K+,&!8&$*&!DX$\!D{,N!s>f!"l#+M+!U*p!5!R!8/*\B4!)$?-+
!!!8&$-!g80!g8<&!5!4,*W!g.h!D6<E&!^<X4
!!!8#8X!B$3!8#8&!)B+.3!.C!)$x:$%3
!!B$34!"'?W!B$3!)+B.3!,Q!M+!B5P,&
!!,F3!B$WM5B!U*&!^-M!R!)$X!)$3M!783
!!B$3!8&$-!B$WM5B!B+!4.X!$V4¦+!"(
!5!R!4B+4!B+.f!+B!‰63!g$<E3!5!8X$&!jN$“!$VB$(!kh+.0!M+!"(!D9#P!….63!,C!yS$0!5
!5!R!4B+ˆW!j<E3!+B!’$*'m+!5!Oym!ua.3!8-P!U*p!B+.X4!B$(5!8'N+!•By&!"i4$m!"(!7$W,V
!‰-!,E&!5!8#+4,W!sE'3!+B!4.f!)$l-4y#!DN$-!J*'Q+!s>f!5!4.X!D-$N!D{,N!).\
!!L!4,*W!)4,(!D:+.m
!k6•C!M+!5!s>f!^l<C!M+!U*p!$E66f!=NJC!B4!"(!D9#P!KB+4!)$ES!O$lm+!Ÿ-+,N!M+!5
!•$x#!5!t+8%&!5!L!8-P!74.3,N!DQ$*Q!D*wh,&!$VB$(!,*&8C!5!R!4.X!74.<#!gB4$F3!^<X4
!4.X!78*#$QB!$w3$&!)+.S!D%&!8*-$C!5!,*p!K+B!D-.z'&!+B!D<-y0!5!R!8'x*#!g$x':+!^<X4
!!!8X$F#!B+4!K$p!DQ$*Q!=&!‰63!5!g,(+ˆ3!=&!s60!5!gB$_C!=&!]$3!"\
!!!8/Zx*#!=V$X!7B$-!"#$3M!DQ4
!!o*C!B$&!DQ+!78*?l#!)P!"(!K5M$&B4
!5!44,Z#!454,3!Ky*C!5!='XB8&!`{$#!].h!5!R!K8#+B!g.z&!5!DXB4!‰*#!^%Q2!DxW!,*X
!M+!5!4,(!8#+.C!"\!"(!DQ+8*p!8X$&!^<X4!4.f!"(!7$Z#P!"&y/X!5!L!8&$-!$•{+!].Fh!u<9&
!M+!^3!g.h!483!5!DQ+!7$*W!M+!5+!D(,m!g4$3!5!D9/3!"<;c!5+!5!L!8-P!4$9N!"\!K5
!!!L!DX.W
!!,*X!D;6c!)M.W!)8-4!8#+.C!$_(
!!M$&!7,E\!5BˆC!)8-4!4B$-!"#.Z\
!!!"'Q.*p!)+8&!DN,;3!O$3~!5!DFb{!D:+4!5!O+!74+4!=#$3+!+B!5+!y*#!5
!!s3~!=E/:+!jV+!=N!‚B$;<:+!)+
!O+!"'xW!$V$/i!5+!$&!u<S,Q!,&!$VB$&!5!•!DX+4!)+.C!y-$S!j-5$C!"š&!B8“!g5,3!O$lm+!B4!5
!Ÿh$/'&!OB+4!+5B!=NJf!+B!)P!,W+!R!78#+B!)$&M!,&!5+!D#$3+!5!ƒJf+!5!D#$-4!5!4,f!,(~!5
!!L44.X!B8h!=&!$E:4!B4!^3!8E0!5!O4,W!1.9/3!K+B!D(B!5!].h
!g+ˆ&!,W+!"\!RŒD9/3!"<;c!5+Š!8-.W!"š#+8&!4.&!8-$X!=<#!"'x-,N!+B!‰632!DxW!"/34
!)+M+!5!R!8/(!B$l&!DQ4!7~.;X!5!,l3!5!•M,&!5!4,*W!)+B$-!4,(!8#+.'#!D35$z3!U-.f
!5!DQ!74,(!Ÿ-,bC!‰63!g5+80!,&!+B!"<V!"(!8/-$<#!DzN+.3!+B!5+!¥.m5!"(!sQ,C
!yS!5!78/Zx*#!)+,Z-8&!+B!B$(!^-+!yW,V!"<V!^-+!$&!5!L!78*#+4,W!^-,*X!$E:4!B4!5+!‚Jf
!!L!8-$</#!jxlC!U-.f!g+ˆ&
!7B.f!).\2!"(!4+4!1+.S!•!=/*&!"\!B$(!^-+!B42!DxW!4,(!,i+!,*X!B4!"/34!"3834!).\!5
!)P!].Fh!5!swV!M+!78;3!"(!=3$;c!5!R!u6z&!,Z3!8X$F#!$xX!5+!4B4!M+!DN,W!K$S!)+8#4!B4
!"(!^<X4!5!–!‚ˆz&!,Z3!48/F#!gB.{!ƒJf!5+!—#B!M+!8*?(!t.EC!5!)$*„•&!5!4.<#!t$/'3+
!…,'&!,Z3!4.&!8#+.'#!g$_#!5M+!44,W!g4$-M!44.'&!5+!4,<C!5!8-$*#!DQ8&!DxcJ3!5!+B+8<&
!5!s'Q,N!5+!‰-4y/&!=9(!R!+B!5$W!gB5$_3!O+!78X!7B$(!^32!DxW!,*XL!8-.Z&!5+!DFb{
!!L!45,&!8V+.f!$_(,V!$C!s/(!gM$S+!5!s-.Z&!5+!$&!]$m!^-+
!k#$S!DV+y#!5!Dm$Q!gŽ+,&!]$m!B4!8/(!,V$|!"&y/X!,&!^%Q!^-+!,W+!"(!D9#+4!"/34
!5!R!8X$&!B54!Oym!M+!R!1$&!^-+2!DxW!L!4.X!O.6;3!5+!,l3!5![5B4!5!8#+4,W!,V$|!^'?-.f
!!!44,Z#!^l<3!…B+8C!B$E|+!M+!Tp!R!DQ+!=h$&!B$*f!jb3!DQ!783$*#!"'xW!"(!O+4$3
!!!DxW!U*#+.C!=-.Z#!^%Q
!!DxE#!)+.'#!M$&!+B!"'xW,3!5
!^%Q!)P!)8*#$X.p!8-,p!)$<(!"wFh!M+!"(!,*C!,V!5!D9S!)$V4!)+8#M!M+!"(!^%Q!,V!5
!!L!DQ+!T*x#!K+!"-+,*p!+B!….63!R!=?3$f!D&$E35!L!8V8#!DQ4!U*&!,*C!)P!)4B5PM$&!5
!!!M+B!B+4!D:4!B4!^%Q!M+!)$/\
!!M$&!¥8&$*#!8-._&!]4!,W!"(
!5!"'f$Q!R!8-PB4!7,&$l<&!8-8&!4.f!Db*wN!5!Df$/?&!]$m!gB.{!).\!"(!4.&!8-$X!5
!+B!,V$|!7$/W!Oym!1$b{+!5!L!8#+4,Z&!K5B!,<?'3!5!8;'93!$-!R!4M$“P!Y/S!78*_*9&
!!!L!8#,<?#!y-$S!,V$|!D&.z0!+B!B.'93!O,S!5!B.'93!D&.z0
!]$n&+!B4!5!)8*#+4,W!B._E3!+B!4.f!)$l-4y#!^*z-!‡.a5!=&!)$<W!4,_<&2!DxW!,*X
!7$X4$p!5!R!)4M!U-.f!K$p,&!"?*C!5!DQ+!^'X+4!1+ˆ0!B4!+B!4.f!^'Q.*p!=;Q!)$?-+
!kS+5!DF„C!5!j3$C!–!DQ$*Q!1+.&+!K$w3+!B4!5!458m!D3$h+!B4!"{$f!=#$;3!"<V!B4!+B
!!!L!DQ+
!$C!4.&!8-$&!"'f$Q!5!74$3P!8-$*&!B$l3!B+8“!^-+!"(!7$W,V!$3+L!DQ+B!‰63!)$3,N2!DxW!"/34
!¥$F-M$#!gB.{!5!ª(!D;6c!B4!5+!g8*z0!†Ff!4.X!"'9-,Z#!,'E&,W+!5!L!8&$*#!='{,N
!5!R!DQ+!,V$|!)$/<X4!g,q#!5!)$'Q54!DqmJ3!)$*3!g5$xC!"(!R!8'N+!g8V$?3
!!LBˆ;'3!y**<C!jV+!,&!)P!)8*#$X.p
!5!Tp!5!4,Z#!=3!DQ+B!5!I\!5!8-P!U*p!,*•'3!5!).6'3!"(!D9#P!5+!^c$&!Kª(!D3J0!5
!!8_*9&!=3!+B!Y/S!R!8/(!=3!7,Q!U*p
!!!…5$#!74M!B4!5!)$*3!"'9&!,&
!!^3+4!78\!B4!5!)$/0!74$?Z&
!j-+M!DEFX!8'N+!78V$?3!Ky*\!g$3J0!^-+!M+!,W+!5L!DQ+!^*<V!1+.{2!DxW!,*X
!}$&!k#$S!)P!M+!"/'N!UCP!5+!O8&!"(!D9#+4!5!Df+4,e&!,*X!K+,“+!M+!"/34!).\L44,W
!=#$<W8&!M+!$C!45B!,*X!)$3,x&!5!R!8#$?#!4$&!,&!sV!+B!5+!5!8/*F&!+B!5$W!"(!DQ+.f!DN,W
!L!4,(!gM$S+!,*X!•s/(!=<9/C!5+!,*<a!).<w3!M+!5!s/*&!+B!"&y/X!=l-2!DxW!R!8X$&!B54
!!LDNB!"&y/X!‰-4y/&!74M!78#+!K+!78/ZN+,Q!).\!"/34
!DxW!"/34!•!K+!74.&!D3JQ!R!O+!78-8#!$C!DQ$VM5B2!DxW!5!4.<#!O$<C!k*m,C!"&y/X
!,&!"?*<V!5!)+,Z-4!4+,3!,*Q+!R!8X$F#!4.f!Tx#!‰:$3!"(!=9(!4.&!8#+.C!D3JQ!"#.Z\2
!5$W!•!8-.Z#!tyN!5!‚.f!=&!^%Q!‰-!5!8#y#!,nf!5!s*&!=&!Tx#!‰-!R!)+M,:!^C!5!)$S
!.V!$<&!s6z:+!•S!DQ+!"'NB!,-8zC!v&$Q!B4!"š#P2!DxW!•!D9*\!K8*3.#!kS.32!DxW
!s:$0!^-+!B4!5!•DQ.*p!4B$-!D35$z3!=#$<QP!K$wh!$&!"(!D9*(!L!^-8:+!O.-!=:+!^€$(
!5!•!4.?#!…$&!=&!5!D93,Q!"(!8/V4!5+!DQ4!B4!='&,X!$*#4!D<;#!M+!5!8QB!=':y/<&
!5!•44,Z#!).'x3!5!4B+4!D9:$_3!)$#M$&!5!•8X$F#!…JV!‹,;3!B4!5!8E#!O8h!+.V!=p,&
!g,9m!B4!5!8/-yW!Dn:$%3!)$'N!5!,-,X!$&!5!•!4.?#!B+.f!5!4B+4,&!DS$m!)$<*£6&
!!•8ES!D3J9&!5!8/(!B$*'f+!)$n6Q!DFb{!5!•!8'x*#!D3+8#5
!DQ+!74$'N+!=Q+,V!5!=C,x#!,*X!M+!+,C!,Z3!"š#P,&!8/(!=3!j*:4!.C!^%Q2!DxW!"&y/X
!$&!^3!='Q54!g$38z3!5!4$bC+!v&+.Q!=#+4!=3!.C!5!R!U-.f!DES!M+!"#!^l:!R!KBP!2!DxWL
!sV!4$'Q,N!.C!‰-4y#!+,3!,*X!"(!B$WM5B!)P!B4!DQ!"'NB!$3!)$*3!"(!=-$V8E0!5!R!4.f
!7B$\!5L!O.6;3!•.zm!)P!g$0+,3!B4!DF“B!5!4.E0!)P!D3MJ3!,&!^3!g$Fi!5!R!DQ+!B,z3
!!!L!4.E;3!5!B4$#!5!75,l3!5!1.Fb3!M+!4.X!7M$C!"š#+8&!.C!OJ0+!M+!sQ$/X!=<#
!"(!O4./X!K8<';3!M+2!"(!DxW!"/34!L8E0!s-,(!B$-!5!vx?3!DQ54!K+!B$*&2!DxW!"&y/X
!R!D9*#!='“+,N!5M+!5!='S$m!58&!5!DQ!78X!"&,N!‰*#!"&y/XŠ!"(!DQ!78#+B!œx:!,&!,*X
!=3!5+!,F_C!5!B.EC!5!O4./?&!^-+!).\LŒ!4,(!sV+.f!='X+4!‰*#!5+!DX.Z&!+B!¥.m5
!K5B!M+!"š#P!5!s-$</&!,C!`-}!"\,V!8E0!^9m!)$V,&!5!!s#$V$W$*&!+,C!$C!O83$*&!s'f$/X
!!Ls#$QB!+4+!"&!DQ+!kS+5!^3!,&!g.'N!slm!5!”$xm!’,X!5!g4.3!5!^-4
!!4,3!8-P!)5,&!,W+!8E0!78E0!M+
!!4,3!8-P!)5yN!K,&!)$<W!"\,V!M+
!,Z3!KBP!D*6b&!K5B!D0B$93!"S5!,&!5!=?-8#+!K,*&8C!"(!,C!v-}!)P!‡J>&!=:$m!5
!!L!8-$<#!K5B!={Jf!5!8V4!DQ4!=;N4
!5+!^%Q!B4!5!¡!4B5P!,c$f!U*p!,*X!v*i+.3!5!4.E0!5!R!4./?&!"/34!†-8m!"&y/X!).\
!8?-8#+!B8“!^3!,&!,*X!"(!8/l#!kS+5!!DxW!¡!DX+4!=3!Db*>#!4$z'0+!5!•8{!^|!y*#
!5!,-5y'&!5!8/X$&!78*:$“P!^3!,&!+B!5+![5B8&!^l:!R!DQ!78?#!,V$|!='#$*f!^3M!+!"(!R
!5!4$'Q+!KB+4,(8&!B4!"<V!8#B$l&$#!K+!"x-$c!5+!D38f!B4!5!L!78/ZN+!5+!s?f!B4!+,3!"-.<C
!)P!M+!"\,V!5!DQ+!74.3M$*&!$VB$&!+B!)$?-+!5!R!,*:4!5!7,*\!='Q4M+B4!5!D#$*f!B4!5!R!O$3+
!8X$&!=#$<W8&!kS.3!B+,X+!DFb{!"/-+,V5!L!8/(!d$*h!)+,&!8/-.W!)+,Z-4!vm!B4!1$&
!!L‘&!K$nf!).\!4,&!7+B!$n%&!DQB$<3!t.#!^-+!5!R!B$*f+!vm!B4
!4,(!=3!K8>h!R!DQ+!=V$3!"(!DX+8/p!R!8-4!7B$'Q!=-$/X5B!1P!B4!=n&!"(!8/-.W
!7$W,V!M5B!,Z-4!L!DX+ˆW5,N!8-8#!=6{$m!5!4.3M$*&!$VB$&!).\!L!DN$-!=<#!•*V!5!4,*Z&$C
!D&,_C!^-+!g,<i!5L='Q.*e#!K8>h!DQ+!=-$/X5B!)$<V!"(!K4,&!)$<W!K8-8&!=V$3!"(
!!L8#$<&!"/Q,W!M5B!"<V!"(!4.&!)P
!5!DQ+!74.&!)+,Z-4!U-$3MP!kS.3!DQ+!"'X+4!B5$&!5!8#+!78*#+./X!^3!M+!+B!,*X!,W+!5
!!L!DQ+!)$?-+!D#$*f!^3!D<EC!•+8>3
!"\!L!8#$<#!K$S!K$p!5!y-5P!DQ4!•*V!Tp!DQ+!D60!=&!D*V+,(!5!D9*#!sV!^-+!,W+!5
!"'f$Q!+,'N+!5!•M,&!"\,V!5!R!4B+4,&!+B!)P!gBˆ;3!5!$a,'Q+!8-+M!='60!M+!).\!‘%Q
!5!jc$&!"(L8X$&!‰-B$C!)+B4!=NJC!"S5!5!R!,{$h!)+M+!…B+8C!DQ4!8QB!~$x/&!,W+!4.X
!!L48/F#!gB.{!D-$E#!5!7M+8#+!+B!)P!5!8-$*#!s(!yW,V!B5M
!"(!8-$*#!)$l3+!B4!8/\,V!R!=3,S!+B!4.f!DQ+!"'NB!,*X!5!^3!)$*3!"š#P!B4!s#+4!=<#!5
!8&!5!‰*#!B4!5!R!8/X$&!$S!‰*&!7$Z*&!5!7$W!5!M5B!5!kX!5!R!8#B+4!DFb{!,Z-4!‰-$&!^C!54
!8/#+.C!B$l&!KB+4!^'?-.f5!œxbC!5!M,bC!"(!)+8/\!8#8#.*p!Da5$x3!K4$X!5!758#+!5
!"(!7$W,V!5!R!4.&!8#+.'#!O.>;3!5!=:$f!D:M!5!.EQ!M+!T(!•*V!"\L45,#!K.EQ!"(!DX+4
!•*V!y*#!5!L!DQ+!,C! +,N!"\,V!)+B8#+!‹$<“+!M5$_C!]$_3!8X$F#!1.9/3!8<0!5!8>z&
!!!D9*#!)+,'E(!D-$/S!5!O,S!='XM!+B!)+,'E3!)$9m+!5!.x0!]$<S!"c$?3
!!8w:+!"/9m!M,F-!8w:+5
!Db6>3!K+,&!K$S!K$S!$E-+B!B4!"(!sQ$/X!=<#!)P!yS!4,<X!8V+.f!=-$nf!^3!,&!,W+!5
!gB$X+!•*V!5L!DQ+!74.3,N!j<m!='3,m!=&!5!K,*:4!,&!+B!)P!,Z3!R!O+!74,(!=NJf!+B!5+
!"'F:+!"<V!^-+!$&!5!L!DQ+!783P!j{$b&!,V$|!K+!78-$N!)+M+!5!=';x/3!)+B4!"#!"(!DQ!74.F#
!,*h.C!5!s*q;C!’,X!5!R!O+!78*#$QB!D-$0,&!5+!DF*V!k#$S!)+B4!5!R!O+!"'xZ#!u<S!,Q!,&
!D38f!5!D?m5!kFQ!Db*>#!"(!DX+4!)+.C!"#.Z\!5!L!74B5P!K$_&!,'3$<C!"\,V
!!!•44,W!g5+80!kS.3
!!!DQ+!8*3+!"\!$_/-+!R!8X!4B4!kFQ!5B+4
!!¤B$<*&!Db{!5!"aB$0!)8X!j-+M
!"&!DEFX!ua+.3!B4!$EzN!M+!5!D_:$;3!B4!)$F*Fc!M+!5!gB5$?3!B4!)$b{$#!M+!"(,V!5
!g8V$_3!^3$*3!5!1+.>&!rJ0!uN$/3!5!DQ+B!K+B!8-+.N!M+!44,W!=a+B!D6x“!5!D>fB
!!L!8#$3M$&!g4$F0!B4
!=3!†0$&!^-,&!+B!5+!….63!]J3!5!D/n6Q!g+,lQ!"(!DQ+!^l<3!D9*#!sV!^-+!,W+!5
!5!4B+4!"'Q+BP!$aB!]$<_&!+B!)$/€$f!"?*<V!"(!D9#P!‰63!g+,lQ!M+!=l-!5!L!8X$&
!B4!R!5!)4B.f!"c.“!8/&!$&!$-B4!,;h!B4Š!"(!8/-.W!$<60!5L!~.f$3!‘%Q!]$&.&!+B!)$b{$#
!D&,h!5!D38f!,C!‚.%3!5!,C!j-$V!)+M+!5!R!DQ+!,nf!)8*l3!78-,&!O4!B$3!k:!='93
!!!^*cJQ
!5+!YC5!g.h!+B!IQ+!"\!R!DQ+!"'?W!D*V+,(!^-+!kFQ!^3!,/V!"(!4.&!8-$X!y*#!5
!5!R!4.X!"'9lX!$Ef$X!7.*3!=X.f!M+!+B!B5B$&!.l*#!DfB4!5!R!44,W!—#B!5!$/0!kS.3
!!!4B+ˆW!"'99W!]$&!5!78/W+,p!+B!5+!d55$c!O4!]$<S
!!!^3!U#+4!"<V!83P!^3!]$&5
!!,p!+B!d55$c!K.3!+B!7$&5B!.\
!!«
!!.VP!^'?(!kFQ!,n;3!‚$#!8X
!!B$'x(!^'9&!kFQ!vN+.3!uFc!8X
!!!8/-P!•6C!‹,;3!B4!)+,/V!=&!89b&!)+8/3,/V!5
!!89b6:!˜/q3!)$9b:+!)+
!"6xQ!5!)54!"\!R!8//(!"F6“!=V.F#+!slb&!5!8/X$&!]~+B+!5!)$Z-$35,N!j€$3+!s>f!5
!M+!+B!v<m+!5!R!$#+4!D9:$_3!M+!+B!)+4$#!R!5!s-,(!B+8-4!M+!+B!s*£:!L!4.X!"'N$-!,'?*&
!!L!8-+yN+!D:J3!…,-M!DFm$>3
!B4!+B!5+!g$/lQ!5!g$(,m!"(!8/-$<#!D•:$F3!)+8/\!,/V!jV+!]$m!`*FzC!B4!)+,/V!=&!5
!)$<V!5!R!8/-$<#!O58%<&!D#$*f!g.9(!5!D-$/S!gB.{!B4!5!R!8#BP!)5,*&!gŽ$#4!d$F:
!!8/#+4,W!g5$zX!g4$3!4,<X!g4$;Q!D:+4!5+!"(!+B!,/V
!,-8zC!"(!R!,CB+.X4!4.<#!8V+.f!DzN+.3!+B!)P!$wh!5!8#+!74,l&!8>h!^-+!)}$ZQ8&!,W+!5
!+B!^*&B54!8/34,f!5!7,%Q!+B!7M,W!B$3!5!8#+4,W!•58/{!,*Q+!+B!7M,X!,*X!=#$<QP
!)$FS!5!M,'b3!]4!8&!+B!sb'z3!t$_X!5!œz*'3!,-M!+B!jN$“!v<m+!R!5!)+,*m!¥.V83
!,Eq'93!+B!r$'b3!78*QB!"h$N!5!j*:~!U-5B4!+B!s;/3!,Z#+.C!5!B.E'3!,*:4!+B!•€$f
!!L].<'3
!O.>f!k-,wC!).\!K4,<X,&!"(!=#$;3!^-+!M+!8:$ZQ!=3!.C!K+,&!,*X!"š#P!2!DxW!"/34
!KB$FS!"(!R!4B+8*3!)+,&!+B!5+!B8“!5!=-$N5!=&!]$<(!^l:!R!D9*#!1+.&+!,Z-4!5!….63!]J3
!=%6C!+B!)P!,f+5+!5!D9*#$W8#M!g5Jm!+B!5+!DFb{!j-5+LB$l3!D9-B+8“!5!B$Z3$(LDQ+
!$_/-+!jS+!+,3!Dz*zb&!5LDQ+!U*#!sfM!D&.#!R!O+!78*?\!¥.#!s;c2DxW!"&y/XL•,3
!5!=:M+!,-8zC!$3+Lu3$c!^3!B4!5+!5!"<;c!+B!5+!^3!•!,*X!DFb>&!s#$3!"\!^3!}+!5!R!4B5P
!!8/ZN+!"cB5!^-+!B4!+,3!8*35+!5!ƒ,m!"F6“
!,N.6*#!,&!^*FZ#+!B.F#M!5!R!yS$0!)P!=NJC!B4!K+B!5!DQ+!,{$h!)P!…B+8C!M+!,*&8C!M5,3+!5
!5!R!4y*%#,&!Dh.&!$C!44,W!‚.;?3!5!].•?3!)P!,F/;3!s*9#!5!,n;3!Db-+,&!5!8/*?#
!5!8X$F#!u#$h!‚$xl&!$*#4!M+!"(,V!5!L!4.X!…JV!)P!)$*3!B4!8-P!U*p!,N.6*#!K$EW,&!).\
!yFQ!)$'fB4!5!^*m$-B,p!U-.f!K$VB+y“,<&!"(!DQ+!TZ3!).\!8'9-+!].wN!k6c!B4
!¥.W!D(,m!‰*&!$C!454!D93!j*p!¥.W!M+!"(!8/*?#!=&P,&!5!44,Z#!=a+B!"N.lX,p
!,&!"(!D9#$/\!8#+8#!)P!B8h!"(!8/(!+B!=9(!D38f!5!Db*>#!"(,V!5L4.X!"'?(!j*p
!4+MB4$3,(!¥.W!B4!R!5!48#.*p!gB5$?3!74,3!$&!R!5!8/W+,p!s%C!)$'Q!7B.X!B4!u-B!8*35+
!v?0!jQ$/C!d.E&!"&$3,W!gB.{!,&!R!5!89-.#!$<;3!)+5B!1P!K5B!,&!R5!8-.W!K4$X!5!s“
!s#+4!,*&8C!"\2!DxW!"&y/XL^(!4.f!B$(!,*&8C!5!BˆWB4!^%Q!^-+!M+2DxW!"/34L!4M$&
!^l:!R!4.&!8V+.%#!=&.f!5!,*f!yS!^3!vm!B4!R!O+!74.3MP!+B!,*X!•Jf+!^3!5•4,(
!B$l3!)$<:$|!"\!R!8X$F#!)$QP!T&!DQ+!^*/\!,W+!5!R!8/X.(!=3!^3!…JV!B4!5+!)$l-4y#
!5!8/&$-!,x|!45M!8//(!=9(!8>h!"-5B!‰-!5!8/V4!DQ4!B4!DQ4!5!8#.X!D?p!sV!).\
!"/34L!8#83P!M5,*p!5!8#4,(!,'X+!8>h!]$ZX!5![+M!5!•,W!"l#$/\!R!8#B+B4!K$p!M+!+B!5+
!!2DxW!•)P!4.&!"#.Z\2DxW
!‰-4y#!)$?-+!^l93!5!8#4.&!K,*X!D38f!B4!=:$ZX!5!=W,W!5!=“+M!"(!8#+!74B5P
!‰-4y#!).\L83P!"?*&!B4!B.f+,\!k6n&!8#$<&!=:+.m!)P!B4!=#$WBM$&,'X+L,3$0!=0B$X
!=N$?l'Q+!5+!]$m!M+!5!4.<#!D:$<'Q+!+B!5+!,*X!8-8#!7B$\!D38f!5!ua+.C!M+!8*QB!,*X
!,*XL!8-$3,N!‰63!"š#P2"(!4+4!1+.S!•!D9*\!D(,m!5!O$z3!B4!D<-y02!8*Q,p!5!4,(
!L!4.F&!"?*&!)+B4!5!8X!4$X!,'X+L¥$F&!^<-+!5!"N,3!^3!DFb{!B4!=-$<#!DF“B!,W+2DxW
!R!8X!B$E\54!5+!$&!D93!=6*p!D?W!=3!KB$lX!k6c!B4!,*X!KM5B!L!DXˆW!)+,&!=C83!5
!M$&!)}$#5!‡5,_3!,*X!5!R!DNB!D3.z3!1$S!54!,V!M+!5!4$'N+!s*q0!Y/S!)$?-+!)$*3!5
!5!8-8&!)P!,i+!,*X!L!8#4.&!=3!•,&!=&!]$ZX!5![+M!5!•,W!5!L!8#$<&!B$lX!M+!$VM5B!5!–!83P
!!!•!s#+4,W!"'f$Q!$<X!B$(!5!O5B!)5,*&!^3!$C!K8*{!=l-4y#!^-+!B4!8*/*&!=3!2!DxW
!$3!"#!•78-$N!"\!$3!)$*3!,'X+!^-+!O$z3!B4!2DxW!,Z-4!‰-!$&!5!8/'NB!K+!"X.W!B4!)$?-+
!"<;c!=:$m!$C!R!8/l?&!+B!5+!$C!DX+4!8-$&!)+,&!+B!,*XL=“+,N!5M+!+B!‰63!"#!5!=x:+!5+!$&!+B
!74+4!)$3+!+B!5+!,*X!"(!R!4,(!)+.'#!^-+!2!DxW!]$ZX!L!8QB!$3!…./&!Ky*\!5!8#$<#5,N!5+
!B4!+B!8E0!Ÿz#!5!8-$<#!Ÿ-,bC!B8“!,&!+B!‰63!"(,V!5!L!74B5P!U-.f!D38f!B4!5!DQ
!K.Q!8/<l&!+B!DNP!5!8X$&!74$E#!J&!v*/_/3!B4!+B!)$'Q54!5!)+B$-!8#+4,W!‰FQ!5+!]4
!)5,*&!)P!78E0!M+!+B!,*X!5!8*?-8#+!)+.C!='>fB!+B!Dz*i5!)P2DxW![+ML!78*?(!4.f
!!Ls-PM$&!^3!$C!8-B+4!7$Z#!K$S!$<X!–!4B5P!)+.C
!M+!s?\!+B!T(2DxW![+M!•8X!DQ8&!•*V2!"(!8*Q,p!,*XL4$'9*&!5!DNB!,*X!U*p
!B4!"<V!48#.*p!)+8&!‰63!K$w3+!,W+!R!D9V!,Z-4!"S5!^l:!R!8/(!=<#!B$(!=Z/Q,W
!O$z3!B4!5!R!DQ+!=F/S+!$3!)$*3!,'X+!^-+2!DxW![+ML.Z&2DxW!,*X!L!s*'N+!D<;#!5!k>f
!5!$N5!M+!gB$X+!^-+2!DxW!5!8X!s?f!B4!,*X!L!4,(!)+.C!=<#!gB.{!K+!78-$N!+B!‰63!5+
!"š&!R!O+!74+4!)$3+!+B!,'X+!L!4B+8#!DFQ$/3!5!=l-4y#!g5,3!5!O,(!$&!5!DQ+!B54!D-,m
!‰-Š•!"(!8/-.W!$<lm!^l:!R!OB+4!‚.h5!"38z3!^-8&2!DxW![+M!•O,<X!y-$S!$xS!j-5$C
!jV+!K+8N!+B!K+!"6*Fh!5!K+!"6*Fh!K+8N!+B!='*&!jV+!5!4,(!8-$&!='*&!jV+!K+8N!+B!Tx#
!)+.C!=S,%3!sV!+B!8E0!5!ŒL!8X$&!K,nfB4!,W+!‰63!g+~!K+8N!+B!K,EX!jV+!5!K,EX
!5!"h$N!Dz?3!M+!5+!g+~!=:$m!5!R!8#$3!7y/3!B8“!D<{5!M+!‰63!k#$S!"l#$/\!DN$-
!!L8/ZN+!U*p!B4!,Q!,*X!L!8#$3!s693!B+.&!DN$%3
!L!83P!DQ8&!5!8X!O+B!,fP!R!4,(!=?(,Q!5!K8/C!='%:2!DxW!+B!)+B$-!5!DNB!M$&![+M
!78*QB!+B!5+!"(!=_#B!5!,*X!,(~!5!R!s*-P!sV+,N!,'X+!,&!"<V!$3!"(!D9#P!,*&8C!)./(+
!O,f!B$WM5B!‰63!^-+!D<?m!"3$Q!5!D:54!"-$Q!B4!$3Š!s*-.W!5!R!s*#+4,W!7M$C!DQ+
!)$S!5!s*/l#!"a,0!5,&!^'?-.f!t.#!"<E&!,W+!4$'N+!—#B!^-+!+B!5+!"(M5,3+!L!s-+!78*#+BˆW
!g5,3!jV+!‰-4y/&!5!R!s-.X!1.9/3!D<;#!)+,xl&!s*#+4,Z#!5+![+,N!5!g+~!K+8N!Tx#!5
!5!R!s*#+B!M$&!5+!K4$-+!,lX!5!s-5B!5+!U*p!"6<S!"(!D9#P!1+.{!5Ls-4,W!D<*h!5!B8h!=&
!M+!‰-,V!5!L!DQ+!‰63!K+8N!$3!K$E9x#!5!$E#$S!R!8-$*#!,Z-4!KB$(!$3!M+!"(!s*#+4,W!B,z3
!^-8&!L!8/E#!KBˆ0!5!8//(!=;N4!+B!)P!)+,Z-4!5!L!8#M$Q!^3!M+!‰63!DX$\!M5,3+2!8-.W!$3
!!ŒL!4B+8#!=#$-M!+B!$3!5!4.X!74B+yW!=zm!44.C
!8#4,(!t$zN!7M.(!B4!"3838&!+B!7B$š*&!5!R!8/'xZ&!}$&!78*?(!)4,WM+B4!,'X+!$&!].>N!^-+
!2!DxW![+M!8/'f+4,e&!,lX!,?#!5!$/i!,-,zC!M+!).\!5L8/'NB!,*X!U*p!74+4!B+,h!5+!$&!5!R
!M5,3+!M+!5!R!DQ+!783P!U*p!=CB5,a!)./(+!5!L!DQ+!v6;'3!‰63!g+~!Db>&!$3!Dm+B
!)4B.f!B42!8/'xW!)+,Z-4L!8/l?&!+,3!R!4.&!8#+.C!j{$m!=z3B!8Q!^3!DX.W!M+!+B!‰63
!8#4+4!1+.S!L4$E#!M$“P!=6>N!‘<#!)P,&!sV!]$ZX!¤•!K,*Q!"\!.C!DX.W!M+!78-$N!"\!.C
!]+./3!^-+!,&!sV!•,WL!8-$?#!+B!‰63!"<;c!DQ+!B$(!)$-M!5!…$#!K.&!.C!DX.W2!"(
!!!L!8X$&!jVJV!,VM!O$z3!s-$h!R!4BP!•$/f!.C!DX.W!2"(!8/'xWL!DxZ&!=/%Q
!DQ+B28/'xW!5!8#8X!"<6(!‰-!)$/Z<V!L!4.<#!='xcJ3!5!4B.%&!,lX!).\!O4!^-+!,'X+
!5!8#4$'N+!K5!B4!=WB$Fl-L=/(!=3!gB$F0!DzxX!’,N!5!g8*z0!•8{!,Q!M+!5!=-.W!=3
!!L8#4,(!7B$p!7B$p
!,i+!=&!R!8/-$<#!Dz&$n3!"(!"{$f!R!‹+,“+!1$b{+!,l3!"(!O4B5P!)+8&!j„3!^-+!5
!"(!R!D9*#!K5B!D35$z3!5!Y/S!yS2DxW!•!=?-8#+!=3!"\!RuN4!"S52DxW!"/34L8X$F#
!"(!8-$*#!1+.i!)+8/\!8V4!"h8{!]Jm!]$3!M+!5!R!4B+yW!M$<#!]4!•8>&!,<0!"<V!=9(!,W+
!.EN!":$3!)54!j'h!^3!4B+ˆW!4$ES!B4!Tx#!=xh.C!5!]$3!œxm!K+,&!M+!M5B!M+!D0$Q!‰-
!g4$;Q!4.X!74,(!]$3!K+,&!"(!4$E_&!).\!8*EX!.EN!"9x#!)54!j'h!^3!5!8*EX
!M+!,W+!8'N+!)$_&!B$(!5!8QB!)+.%'Q$&!4B$(!"(!=-$S!DN$-!)+.C!=3!g,x•3!y0!5!g4$EX
!5!R!48/F#!gB.{!D-$E#!+B!)P!g$&.„3!5!g$(,&!8-P!"'Q.*p!=?X.(!D*<m!5!^-4!K5B
!!L8X$&!,{$h!)P!D-$“!…+B4+!M+!sV5
!5!R!4B+8#!+5B!gB4$F3!5!='Q4!U*p!5!Dz&$93!5!1$'X!Y/S!B4!8/34,f2DxW!"/34
!5!+B+8<&!K+B!1$b{+!44,W!^l<3!$C!5!L!8/*F#!1+.{!B$*'f+!•By&!K$V,nf!g,X$F3
!+B!•*;a!^<X45L8/Q$/X!,C!=:5+!D63$_<&!D?h$/3!uN4!5!R!8/-PB4!s>f!4,W!DxcJ3
!5!J*'Q+!5!L!4y*Z#+!"/'N!,l3!5!D6*b&!8#$3B4!B5M!5!g.h!M+!,W+!"(!R!DX+4!8-$?#!B+.f
!B+.f!+B!^<X4!"(,V!5!L!=/•'93!‘9&!5!‡,X!M+!5!DQ+!B,z3!,*X!O+8h+!5!‘69C!5!O$b'h+
!,*zbC!M+!D?W!$-B4!j*(5!"l#$/\!R!44,W!)$<*?p!8X$&!jN$“!D&B$b3!D6-$“!M+!5!4B+4
!!2DxW!•"#.Z\2!DxW!"&y/XLK.n*c
!B4!)+M+!DxS!‰-!5!R!8/#+.f!K.n*c!+B!)P!"(!1P!)$“,3!M+!DQ+!=0+.#!"(!8#+!74B5P
!,W+!R!DQ+!j3$C!K$S!^%Q!^-+!B4!2DxW!74$3!83P!M+,N!"w*&!Dh5!).\LK8#4.&!=6m$Q
!"(!O,F#!)$<W2DxW!,#!•!4,(!)+.C!D6*m!"\!+B!)P!8-$&BB4!+B!)$Zš&!5!8-P!r.3!B4!$-B4
!K5!M+!‚$>#+!8?-8#+!='3,m!=&!,W+5!R!4B+ˆW5,N!+,3!k#$S!5!8/(!K,*:4!^-+!$-B4!j*(5
!O$z'#$&!+B!$-B4!j*(5!g80!5!g.h!"š&L8X$&!.l*#!=Q$/X!^'?-.f2DxW!74$3L8'Q!)+.'&
!"(,V!"\!R!^-yW!^*>m!K$S!"w*&!K+,&!5!RBˆWB4!4+8F'Q+!^-+!M+!•!=/(!=3!8-8EC!4.f
!!2DxW!•"#.Z\2!DxWL!8*QB!"f$F&!"(!8QB!)P!58&!4./?#!)$b{$#!^%Q
!gB5$_3!slb&!)$?-+!)$*3!5!8#4.&!^($Q!"f$&!=l-!5!‘&!54!K,*W!1P!B4!"(!8#+!74B5P
!,EeQ!5!8*X+,%&!)$?-+!]$m!B$9fB!B+8“!B$WM5B!DQ4!7$W$#L!74$'N+!Dh4$>3!5!='Q54
!)$>z#!4.&!)$?-+!g$*m!"-$3!"(!1P!)P!B4!5!R!4.<#!)$?-8&!DhB$x3!gB.{!O$N!"/-P
!45B8p!R!s-+!783P!t+4.&2!DxW!5!8/'NB!"f$&!‰-4y/&!8#8-8&!)P!).\!)$n&L83P!+8*p!Um$N
!‰X+!M+!5!8*:$/&!g,_V!M.Q!5!Dh,N!4B4!M+!"f$&LvN+.3!v*NB!5!=3+,W!DQ54!K+!¥$&
!!!8-B$&!,EW!5!B4!=9&
!^3!D?*;3!"(!DQ+!g4$-M!^3!vmB!4!1P!)$>z#!g,w3!R!)+B$-!5!)$'Q54!K+!2!DxW!5
!=ES5!+,3!)4,&!"(!D9#P!8E0!O,(!D*wh!5!g5,3!slm!)./(+!5L44,Z#!^l<3!)+M+!=&
!B4!"\!,W+!s-5B!$_(,V!5!R!DQ+!U*&!+B$3!.C!)+,_V!—#B2!8/'xW!L!8-M$Q!='6*m!5!8*?-8#+
!].h!5!)$zx?3!gB$X+!.C!$3+!R!s-$*#!gˆ:!5!u'<C!)+M+!.C!B+8-4!=&!s*X$&!D<;#!5!k>f
!,W+!5L!=/l#!g$Fi!48#.*p!.C!]•3!5!]$m!Db6><&!"š#P!,&!5!R!KB+4!‰FQ!+B!)$b{$#
!+B!)$34,3!"l#+8/\!DNB!+.V!B4!5!s*'X+4,&!+,C!).\!"(!D9#P!’,X!s-,F&!+,C!"(!=V+.f
!R!OB+4,&!)$3,N2!DxW!L!=-$?Z#!k:!"'F:+!5!K8/&,&!]8S!7+B!8/-.W!y*\,V!8'N+!$3!,&!s?\
!5!sh,c!O4!"(!O,-ˆp!=3!sV!^3!5!R!8-4B5P!K$_&!4.&!kS+5!g5,3!K5B!M+!$<X,&!"š#P!5
!!L!s/lX!Y/Q!B4!]4
!+B!1.\!k#$S!54!,V!)$n&!5!R!slb3!DN,Z&!)+8#8&!)P!)$*3!"f$&!5!8#4B5$*&!=&.\!)$n&
!83P!DxZX!)$?-+!M+!+B!)$34,3!8#8*QB!+.V!r5$&!).\!L!8#4,&!=3!+B!5+!5!8/'X+4,&!)$V8&
!7$Z#!^'?-.f!='0$Q!"f$&!ŒL!8#,&!=3!"f$&!)$n&Š!"(!DQ$%&!Y#$&!DQ+B!5!I\!M+!5
!B4!}$&!M+!5!4.&!4$?W!)$V4!L!8-.X!B.(!$CŠ2!DxW5!D?W!Dh$c!=&!,fP!R!DX+4
!!!8X$&!Db*>#!)$'Q54!,&2"(!8#4+4!M+5P!)$n&L^'?W
!!!‰*:5!8/p!8/V4!)$V+.f!‰*#
!!,-ˆp!8/p!8#.&!)$'%&!‰*#
!=9l&!K5B!B+5!"#+.-4!5!4,(!y*C!+,x{!jS+!uFc!).\!R!DQ+!+4.Q!"<V!^-+2!DxW!"f$&
!!48/F#!)P!uN4!B4!]4!jh$0!•*V!5!8-$*#!j{$m!78-$N!^'99W!,*_#M!M+!4B5P
!!$E3$EQ!U*nC}!$-$/<:+!)+
!!D9*#!+5B!Dh5!54!)4,(!Bˆm!•,3!M+
!!D9*#!$wh!"(!KM5B!5!8X$&!$wh!"(!KM5B
!$-B4!j*(5L4$E/&!"w*&!74$3LB+4!7$Z#!K$S!5!d,'3!^l:5!R!j„3!^-+!O4./X2DxW!,#!K.n*c
!5!83P!r.3!B4!$-B4!5!8X!s?f!B4!K.n*c!=-$/0B!5!=?/3!•By&!M+!R!4./?&!Da5$x3!^-+
!1P!$&!"(!s'9#+8*3!^32DxW!5!4,(!1+,na+!8-8&!)P!).\!74$3L!4,F&!+B!)$?-+!)$Zš&
!KB$&!B$9($f!K+!R!K8-B$F&!^3!,&!UCP!5!K4+4!4$&!^#$Zš&!=#+4$/&!.C!5!R!D9*#!KM$&
!U-.f!].h!78E0!M+!^3!5!R!K.W!DE_&!^%Q2!"(!4+4!1+.S!,#!K.n*cLU-8#+!K,*&8C
!!Ls#$'Q!=3!$-B4!j*(5!M+!4.f!‚$>#+!5!s-P!=3!)5,*&
!B4!5!R!DxW!M$&!]$m!5!4B5P!sV+,N!+B!•/{!,V!)$38z3!5!DNB!)$“,3!,Z-4!‰-4y/&!]$m!B4
!B4!D?p!B$(!^-+!…B+8C!B4!5!8*V8#!DQ4!B4!DQ4!)$/Z<V!,W+2!"(!4,(!4$-!)P!K$/i+
!B4!)$/Z<V!D?W!,<'93!sQB!^-+!"(!7$W,V!5!R!8-+yN+!g+,S!+B!$-B4!j*(5!8'9-+!"#!D?p
!5!R!8/'xZ&!5+!$&!";h+5!gB.{!5!R!8/'NB![,<*Q!‰-4y/&!"6<S!)$“,3!L!8-.X!D6x“!^-+!,Q
!4.&!8#+.'#!)$“,3!7$X!U*&!8-$</#!8S!O$z'#+!^-+!B4!,W+!"(!8/'X+4!5+!K5B!+,N!"/-P
!]4!K.h!5+!g,V$q3!5!D#.;<&!)$“,3L4$E#!B$(!B4!’$?/&!O8h!5!4.<#!M+y'V+![,<*QL
!)$“,3!,Z-4!5![,<*Q!g.h!$-B4!j*(5L8#8*#+4,W!s<>3!^'f.C!^*(!,&!D<-y“!5!8/'?W
!!L4+4!M$&!K.n*c!)$Zš&!R!gB5,w&!4.&!"'f$/X
!B42DxW!"&y/XLDX+4!8-$?#!B+.f!+B!^<X4!•*V!"(!=#+8&!$C!O4B5P!)+8&!"#$9N+!^-+!5
!K5B!5+!‰-4y/&!).\2!DxW!"/34!L!D9*#!7B$\!Tx#!D#$*{!M+!$3+!4,(!sV+.%#!+8'&+!Y/S
!R!8#M!=3!^*3M!,&!O4!5!"'X+,N+,&!+B!^'?-.f!5!8X$&!"'9?#!DQ+B!"(!R!=/*&!,X!g$3J0
!!!L!8-P!)5,*&!DEFX!B$F“!M+!B8“!Dz*zm!4.X!78-4!$E#$?#!^-+!,W+2!DxW!"&y/X
![+,N2DxW!•!K8*#$QB!$_(!B$(2!DxW!"6*6(LDNB!"6*6(!‰-4y/&!K5B!7M$C!5!)$34$X!"/34
!!L!8-$<#!=3!K5B!,C$F-M!5!,C8V$X!"\,V
!DQ+B!8-8&!+B!5+!).\L8*Q,&!,&+,&!)$?-$&!5$W!+B!•$xC+L8/'NB!,*X!‰-4y/&!54!,V!Tp
!4.f!$&!5!4B+4!5+!8>h!"(!D9#+4!"&y/X!L!8*#$š*p!=3!B$3!).\!O4!5!8-,“!=3!5!4$'9-+
!"(!R!DQ+!,*X!"&+.f!sV!5!B$3!"#$f!sV!).š<V!g,*m!5!‚.f!B4!)$n6Q!B$Z'38f2!DxW
!!L!8-$?Z&!)$V4!)P!5!4BP,&!,Q!^-+!,fP!8X$&!"'xE#!,*X!5!"'xf!B$3!"\!,W+
!5!D9S!)5,&!4,(!g8V$?3!5+!,<?C!,*X!).\LDf$Q!=3!+B!Y/S!5!8*?-8#+!=3!^-+
!5!4B5P!"/38&!K5B!5!8-8&!)P!"6*6(!L!D?W!)+5B!^*F#$S!M+!).f!5!8#4$E#!M$“P!Y/S!54,V
!!2DxW
!!8#$?/#!5,N!":$Q!8{!54!)+B$&
!!!K+!"'%*Z#+!.C!"(!+B!J&!4,W!^-+
!s*f5!DFh$02DxW!"/34LU-.f!D6*m!kh+.0!D3$f5!B4!)+4$#!K+!,Z/&
!R!5!5+!).f!)8X!B8V!5!5$W!…JV!R!5!8E0!Ÿz#!D<Q!R!5!,*X!Tx#!—#B2DxW•D93+8(
!B$(!^-+!vN,&!"(!K.04!B4!.C!y_0!B.E|!R!5!7$eQ!"<6(!"h,xC!5!,l?:!D0$<S!=#$?-,p
!B+MB$(!B4!DS$m!=&!+B!O58%3!"(!DQ5+!)$34,3!,C!)+4$#!5L!8*#$QB!K$S!^-8&!5!KM+4,e&
!Tp!Y/\,f!).\!Y/S!M+!J;'Q+!5!gB8h!5!J*'Q+!5!g.h!]$m!B4!)+8/34,f!5L8/ZN+
!"(!R!8#+!78-4!kS+5!k/_C!5!M,bC!5!7,c$%3!‹,;C!5!"/'N!)4,(!B+8*&!M+!5!R!8#+!78-yf
!…B+8C!vNB!5!`6>&!"(!KB$(!B4!KB$(!B4!8-$<#!Ÿ-,bC!Y/S!,&!+B!7$X4$p!).\!,-M5
!L74,(!7+.W,*Q!D#$*f!5!=E6&+!D_m!5!R!8X$&!74.</&!R!g5$F“!5!v<m!)$V,&!4,-ˆp
!)+.'&!K+B!"&!,*?<X!K$VB$(!"(!R!DQ+!O8z3!D0$_X!,&!DFCB!B4!K+B!"(!8#$<#!78*X.p
!D9Q!K+B!$_(,V!"\!R!8Q,#!)P!4,W!B4!"eQ+!54!,*?<X!8V4!DQ4!K+B!"&!"š#P!5!4B+yW
!5!4.X!Y/W!)$&M!gB5$b3!B4!+B!K+B!‰*(B!5!]4!•*;a!"l#$/\!8X$F#!8*x3!D0$_X!4.&
!U-.f!K+B!"&!)4.&!B5,•3!5!.C!1$_0+!"?*<V!+,3!5!L!4,*Z#!DQ4!=/%Q!1,\!5!Dm$>N
!O.6;3!R!D9&+,Q!7.?0!5!].“!"08f!8/#$3!"(!R!78/F-,N!K$*#4!^-+!7$_&!^'?W!).'x3!5
!D6x“!1+.fM+!5!=&$-!=V$F'#+!"(!O4.&!=3!,n'/3!5!O4,(!=63$C!.C!$&!)P!B$E|+!B4!^l:!4.&
!D:Ja!5!v<m!5!D:$ES!5!=#+4$#!]$<(!M+!"(!D9'h5!DXˆZ&!8m!M+!).\!5!R!K.X!B+8*&
!7,nh!$-B4!M+!)P!5!–!O,<X!.C!,&!.C!j;N!`&$z3!5!K+B!k-$;3!M+!=w;&!5!s-.W!M$&!=(8#+!.C
!"(!D9*#!K,-M5!).\!,nf!•*V!+B!7$X4$p2!8#+!"'xW!5!R!4.&!8V+.f!K+!7B~!7.(!M+!5!K+
!!4B+4!D-y3!B+4,(,&!B$'xW!5!4.&!)$bSB!j;N!,&!+B!5+!].h
!5!L!8X!"'x-,N!.C!†-8b&!,*X!5!R!DQ+!`S+B!.C!,/V!,&!.C!^%Q!5!KB+4!r+y3!^-+!.C!5
!=&!s60!5!$N5!=&!='Q54!5!4,f!=&!]$3!5!,F%3!=&!,q/3!5!j<0!=&!].h!B4Š!"(!8/-.W
!,W+!7$X4$p!5L!4.&!8#+.'#!,'?*&!K+!78-$N!Db{!5!^3+!=&!=#$W8#M!5!D*#!=&!"h8{!5!‡J{
!5!]80!uN$/3!8X$&!KB+4,(8&!5!,€$S!,-M5!).\!8X$&!B+MP!s(!5!]4$0!U-.f!g+ˆ&!"\
!B5$/XP!•*V!R!8//*&!Y/E#!K5!B4!"(!=N${!¥.f!1P!).\!R!8#+4,W!8-,&!$-$0B!M+!5+!DN+B
!!ŒL4$E#!)+B4!K$p!"#!)4,(!4B$-!M+B4!)+8&!DQ4!"#!R!8X$&!^'XˆW!r$'b3!5!"/?C!"\!,W+!R
!"(!=V+.f!=3!.C!5L8/#+4B$(!=N$(!)+,(+,\!5!1Ê3!)+B$Z'38f!….63!k-M!5!D/-M!5
!M+!5L8X$&!B.>z3!.C!,&!5+!4$<'0+!5!D&,h!5!R!8'x*#!]$_3!,*X!D38f!B4!+B!,Z-4!=9(
!5!KB+4$N5!=&!™6%3!)$'Q54!uh.C!R!5!)+,Z-4!g,w3!B4!U-.f!D;x/3!k6c!DQ+!=#+4$#
!D|$qN!5!=-.f!DXB8&!)$#M!DzX$;3!R!5!g4$F0!B4!$-,&!g,fP!1+.i!s?\!R!5!=?(!—#B
!B4!"(!s#+4!=3!).\!R!D9*#!K+!78-$N!B$'xW!^-+!B4!^l:LDm+B!5!U-$Q•&!s60!^'f.3P!R!5
!—#BŠ!"(!DxW!=3!+B![,3!)P!"(!4,3!)P!).\!D9#$/\!.C!$&!^3!j„3!5L!4,(!8V+.%#!,i+!.C
!!2!8#+!"'xW!"(!R!4,-ê#!rJ0!"(!Ky*\!D_:$;3!B4!,F3
!!
!!ŒŽ+54!":!T*:!…./:+!Ž+45
!!2DxW•!"#.Z\2!"(!8*Q,p!"/34
!8*3+,f!=&,•3!vN$&!)$WB$*Q!7$X!).\!R!8#4.&!=V.(!B4!)$Z#M.&!M+!='0$<S!"(!8#+!74B5P
!D?W!7,*\!O5B!,Z?:!,&!5+!DF*•&!Y#M!7$eQ!8*#$X.e&!OJ|!1$z/&!+B!K+BP!)$ES!]$<S!5
!,&!74,(!)+,W!1$(B!5!74$?W!)$/0!]$<X!4$&L83PB4!,?b3!M5B!={$0!B$(!).\!=FX!5
!"0+,-!7$W$#!R!8/'9S!=3!=V$/p!L!8#8X!B._#B!$3,Q!M+!)$WB$š*&!L!4B5P!).%*FX!)$Z#M.&
!!L8#8*34!=3!5!8#4$E#!)+,&!Oy*V!R!DQ+!UCP!"(!8#4,&!)$<W!R!78/W+!=N,c!B4!8#8-4!K+
!=<#!g$x':+!58&!"'F:+LD9*#!UCP!)P2!"(!4,(!=3!Y#$&!DfB4!,&!4.&!=“,3!)$?-+!,&+,&
!.C!5!8/X$F#!B$-!.C!B$'xZ&!"(!,F3!—#B2!DxW!+B![,3!R!8*QB!$_#P!K4,3!)$*3!^-+!B4L4.<#
!=9(!"(!D9#$/š<V!^'Q.*p!=;Q!)$9(!^*/\!k-ÊC!5!s-8zC!.C!B4!5!R!K4,W!B._#B
!DfB4!M+!5!4./?#!K5!^%Q![,3!L8/(!)$E/p!1P!,-M!B4!,lX!5!8-$3MP!Y/Q!,&!,*?<X
!!L8#4,(!+8S!¥,Q!5!8/'N,Z&!R!8/(!O.6;3!,'E&!"0+,-!†-8m!+B!)$Z#M.&!$C!83P!45,N
!5!L!KB+ˆZ#!¥.W!B4!)$b{$#!Dq0!5!R!K,-ê#!8/p!yW,V!5!4B+4!r+y3!^*<V!.C!B$(!5
!"(!K4,W!)$<*?p!='h5!7~.;X!5!•BM!^-+!M+!5!K.X!B+,{+!5!4+8F'Q+!^-+!,Q!B4!"/-+,V
!DQ4!D?p!='%:!ŒLK,:$&!K+,:+!D(,CŠ"(!8#+.f!.C!¥.W!B4!4,f!)$&M!5!4B+8#!4.Q!U*&
!"/34!L!DX+8#!4.Q!5!4,(!jx•3!‰-,X!…,-M!)P!"l#$/\!R!=X+,f!"/*Q!K5B!5!=-$f
!!2DxW!•"#.Z\2!DxW
!8/'N$-!BM!K+!7B8&!7+B!B4!L!8/'NB!=3!=#$WB+M$F&!5!R!)+4$#!,Z-4!5!$#+4!=l-!8#4.&!‰-,X!54
!).\!L!D?WM$&!5!4,(!8-$&!D0$/h!^-8&!R!DQ+!B$*9&!)$ES!B4!74,($#!4.Q2!8/'xW!R
!"\2DxW!K4,(!=(,-M!K.04!"l#P!R!8//(!D<9h!"(!8/'Q+.f!8#8*QB!,EX!‰-4y#
!=-$_&!’$*'m$&!+B!=h$&!5!R!s-,*W,&!8X$&!DS$m!)+8&!r,f!K+,&!"(!B8h!)P!•!s*/(!D<9h
!7,Q!K8z#!5!8#4+4!B+,h!^-,&!L!s-,&!=3!DS$m!B+8z<&!5!s*-P!=3!K8/šl-!,V!5!R!s*E/&
!!L8/'NB!,EX!B4!5!8#4$E/&!)$zC$&!='fB4!,-M!B4!=h$&!5!8/'X+4,&
!)+,&!$VM5B!5!2!4,F&!BM5!DNB!)5,*&!4.&!1.9/3!DQ$*l&!5!O.Q.3!4,%&!"l#P!M5B!,Z-4
!M+!$C!$*&2!DxW!5!83P!‰-,X!‰-4y/&L4$'N+!DS$m!s*9&!+B!jx•3!5!DXˆW!jx•3!5!DXˆW
!L!8#4,&!k_0!R!8/'N$*#!BM!5!8#83P!sE&!54!,V!L!sS$'b3!^3!"(!s-,*W,&!Ky*\!"/*N4!)P
!=9(!5!K+!74,&!.C!BM2!"(!4M!78#$3B4!jN$“!)$F-,W!B4!DQ4!5!83P!,*x#!5!4$-,N!B4!…,-M
!+B!5+!$C!LDX+8#!78-$N!"'F:+!L!O+!74,F#2!"(!4B.f!=3!8/W.Q!7B$š*&LD9'X+8#!,Ff2!,Z-4
!!LDxW!M$&!">h!5!4,(!K.04!BM!5!4B5P!slm!K+,Q!B8&
!DQ+!74.&!).N83!)P!,-M!B4!"(!DfB42!DxW!•KB+4!='_m!$-!=V+.W2!"(!8*Q,p!=a$h
!^-+!M+!+B!=a$hL!78*#+4,W!O5,b3!+,3!5!DQ+!74,&!‚$>#+!=&!^€$f!^-+!"(!8V4!=V+.W
!5!45B!)5,*&!=a$h!M5B!,Z-4!"(!D?W!^*;3!4$;*3!B$*9&!":4$_3!M+!Tp!5!83P!DxW!^%Q
!!L!8/(!slm!DfB4!=V+.Z&!5!4./?&!K.04!DfB4!,-M
!5L!D9'9&!M$&!.C!=W4$'9-+!5!DzxX!‰*&!BM!B$(2!"(!DxW!+B!B8p!5!DNB!"#$%&!B5,•3!)P
!,Z-4!)+8/š<V!5!s-,F&!BM!=-$<#!DzN+.3!,W+!L!O+!74,(!DfB4!=V+.Z&!v6;C!.C!4$<'0$&!^3
!DQ+!74$?W!DfB4!)$*32!DxW!•!4.X!=3!DQ+B!^<&!"š#P!D9*\2!DxW!L!s*#$'9&
!4.F&!)P!)$*3!B4!5!DNB!8-$F&!k?3+!L!8-4!)+.'#!4.X!)$E/p!)+B4!T(!54!‰-!,W+!"l#$/\
!,&!"(!$'6*m!$9&!R!,9p!K+2!DxW!,*p!L!4+8&!8-$&!"l#$/\!=V+.W!8-$*&!=a$h!).\!+4,N!R!5
!!2DxW!•"#.Z\2!DxWL!8X$&!….“!,l3!).\!.C!,l3!"(!4$F3!5L44,W!]$&5!]$'b3
!=l-$p!—/p!,&!5+!5!R!K4B.%&!B$3!K4,(!"š&!"(!7$W,V!R!DX+4!^c5!KB$3!B+.S!B4!=(.“
!5!K.h!s>f!+,3!"(!^(!,*&8C!+,3!B$(!R!B~+ˆ&!K+2!DxW!5!DNB!5+!‰-4y/&!L!DX+4!='Q54
!"(!R!j-.bC!$_/-+!M+!"#!5!)4,(!s#+.C!=3!D35$z3!5+!$&!"#!R!DQ!783P!+8*p!=:.'93!^<X4
!!!$&,E(!5!89F&!]8l3!5$/*3!5!4,3y&!u{,3!)P!^b{!R!DQ+!7y#!D;z&!5!¥.f!ua.3
!!!,i.(!5!Oy3M!1P!K5B!1P
!!B.N$(!5!,F/0!…$f!K5!…$f
!!!$F{!DQ4!74.9p$#!K5!jlX
!!B.&4!K$p!74,eQ$#!K5!"FX
!=l-!K$S!)JN!5!R!DN$-!)+.'#!DQ4!,l<&yS!$#+.C!k:$“!^<X4!$&2!DxW!‰-$p!—/p
!$C!R!^ZN+!=3!B$3!7$Z-$S!$C!.Q+B! +B.Q!U*p!5!Ul&!5!,*Z&!8/\!=V$3!=l-!–!DQ.Q+B
!B$3!D6*m!^-8&!….“!L!8#$VB!M$&!5+!B.S!M+!+,C!8*QB!B$<&!).\!R!4B.f!=3!)$Z-!)$Z-!.Q+B
!M+!,'&!=W4,(.f!"(!R!DQ+.f!M$&!g4$0!+B!.Q+BL!DXˆW!)+,&!8/\!KM5BL!4,(!…JV!+B
!$&!+B!….“!R!DN$*#!=V$3!R!DNB!=3!D<Q!)P!,&!=V$3!k6n&!sV!,Z-4!B$&L!DQ+!=zX$0
!]$&5!v6f!,&!UX.(!5!D6*m!B$*9&!"(!=#+8&!$C!O4B5P!)+8&!j„3!^-+L4B.%&!"6<S!)$Zš&
!D#5.3!…8#+!B$(!^-+!"(!R!B+4!•h.C!B4!=?(M+B4!5!^(!7$C.(!B8p!K+!2!DxWLD9'?W
!g5,3!5!^-4!k#$S!$C!R!4B5P!B$(!B4!8#M,N!='Q54!5!]$3!7,X!+B!,*p!LDQ+!D;x/3!B$*9&
!k9m,&!5!R!4,<X!y-$S!Dz-,c!5!D;-,X!‚J%&!B.qxb3!^-+!1$lCB+!5!R!DX+ˆW!j<E3
!K5B!=a$hL8#4$'9*&!7B$q/&!7.F#+!v6f!5!DNB!)5,*&!=a$h!M5B!,Z-4LDNB!,9p!gB$X+
!5!D?W!,*b'3!=a$hL!DQ!74,&!jx•32!"(!4./X!KM+5P!L8*Q,e&!BM!]$m!M+!5!4B5P!DfB8&
!D3+,(!D:y/3!D#$*f!D:+8&!"(!¡!8X$&!=9(!)P!)$*3!B4!"(!D9#+4!R!83P,&!DfB4!4,W
!UCP!5!8#4$E/&!DfB4!=:+.m!B4!5!8#4B5P!sV+,N!B$*9&!Oy*V!$C!4.3,x&!¡!DN$-!)+.C!s(
!5+!$C!4.3,N!=a$h!L!DQ+.f!B$E/-M!8*QB!)$_&!B$(!).\!R!4,(!,F{!='0$Q!,*p!L!4M!)+B8#+
!5!='Q4!7$C.(!"l#$/\!8*#+4,W!O.6;3!+B!=a$h!]$m!='Q+B!L4.<#!D:$<'Q+!5!8#4B5P!5,N
!)$ES!^-+!M+!,*p!5!L!D?W!B,z3!)P!^<a!M+!¥,9p!D#$*f!5!D?W!O.6;3!jx•3!D#$3+
!14+!"l#P!M+!Tp!R!¥,9p!5!L!g,x•3!g4$;Q!5!g4$EX!DSB4!$&!D%-,W!s*;#!B+8&!=#$N
!D?p!,&!R!74,3!R!+B!B8p!R!74$'N+!s-8zC!K5!1$&!B4!y-y;C!5!‰-,;C!‘-+,X!5!4.&!78-4!o*6&
!!L!D?WM$&!5!8'9&!BM!D#$-4!5!•8{!^<-!D#$3+!5!='Q+B!D(,F&!jx•3!5!L!4,&!"#$%&
!!D9&.Fb3$#!B8“!D<C$f!5!4.<b3$#!,l3!DFh$0!"(!=#+8&!$C!O4B5P!)+8&!j„3!^-+!5
!M+!)$&M!"(!=':y/3!,*&8C!•;a!5!ƒ,m!"F6“!5!,*<a!†Ff!5!K+B!y_0!B4!"/34!K+!.C!5
!^-+!+B!O58%3!.C!D6*m!5!,l3!78-$N!5!L!)+,*m!)P!,-.>C!B4!jz0!5!DQ+!,{$h!)P!,-,zC
!D<V!+,(!,V!"(!=-5B!54!jW!).\!.C!5!L!8QB!.'&!)P!D;FC!5!]$&5!,fP!5!=/*&!=3!"(!4.&
!^l:!R!B$3!).\!=#$&M!54!5!R!8-$F#!=;'<C!.C!K$N5!M+!5!44,W!B$%&!¥$E'Q4!8X$&!.C!D6{5
!!L!8-+M!=3!K,VM!.C!)$&M!54!,V!M+!"(!R!DQ+!D-y3!.C!,&!+B!B$3
!‡J{!5!R!DQ+!78*Q,#!$-B8&!"(!DQ+!¥.f!)+8/\!K.S!5!y-B$(!1P2!"(!8#+!"'xW!DQ+B!5
!5!KB~+ˆ&!DzxX!5!R!D9'Q.*e#!)$?-8&!O4,3!.-4!,-,X!"(!DQ+!B+,h,&!B8h!)P!D*&!jV+
!='6f+83!)$?-+!)$*3!O$<#!)$&M54!5!)$'N!K5B!54!"(!DQ+!=h$&!)+8/\!='Q54!•n:
!8/-.W!"(!O4,(!=3!4$-!$<60!^%Q!5!O+!74.&!)$Q,C!.C!gB5$_3!M+!^3!"?*<V!5!L!D9'N$*#
!D6{+.3!j„3!"(!R!8#B+4!D&+,h!5!='Q54!"\!,W+!4,(!8-$&!M+,'m+!B._N!5!v9N!jV+!M+Š
!,'X.f!,fP!4,&!—#B!B$*9&!K5!8E;C!B4!"\,W+!,*WB$3!"(!R!DQ+!B$3!D*&,C!).\!vQ$N
!OMJ3!+B!jh$0!DbF{!5!–!8#+4,W!B$C!kX!).\!OBMP!5!$N5!K5B!5!8-$<#!58&!=#+8#4!KM5B
!4,f!5!jz0!^Q$b3!M+!5!R!8X$&!=a,3$#!,V$|!B4!5+!•Jf+!M+!=w;&!"\,W+!DN,W!8-$&
!M+!5!R!DX+4!=3!7$Z#!^'?-.f!8-$<#!78-8/9p$#!"š#P!`&$z3!M+!5!R!4,(!8-$&!=3!d$F'h+
!Dn:$%3!M+!Tp!R!48/F#!gB.{!O.3ˆ3!yS!4.f!5+!g,*Q!"(!4.&!8-$&!Bˆm,&!jV$S!D&B$z3
!!ŒL!8-+yN+!D:Ja!5+!D:$ES!M+!5!•!8-P!j{$m!78-$N!"\!5+
!8*35+!.C!M+!"#.Z\!5!LD%-,W!8-$&!Y/Q,N!B+yV!.C!ª(!uFc!5!8&!K.f!M+!"(!R!=-$E#P!M+!.C!5
!s?'b3!B5,Q!5!O,'b3!5!y-y0!5!4,(!=3+,W!+,C!"(!7$X4$p,&!"\!•!DX+4!)+.C!O,(!5!$N5
!R!4$E#!)$<QP!•,N!,&!K$p!5!K4M!)+4,3!,<(!B4!DQ4!5+!D:54!j|!B4!"l#$/\!R!8*#+4,W
!!L83$*#!,S+M!)+B4!+,C!5+!O$;#+!•.zm!5!K4,<X!y-$S!D63$;3!^-+
!!$N5!7B~!‰-!5!O,X!1P!M!7,nh!‰-
!!D9*#!"(!DQ$#+4!K+8f!D:4!5!s?\!B4
!^3!8{!)P!¥.3!"(!=/*3M24.&!"'xW!"(!DQ+!)$WBM$&!)P!j„3!).\!.C!$&!)$'Q54!j„3!5
!•"#.Z\2DxW!"/34!•!8-$&,&!^3!74!d$*h!B4!=(4.(!M$&!,W+!k_0!"\!4B.%&!^VP
!^VP!^3!8{!L!45B!K,xQ!"(!DQ+.f!=3!5!4.&!]$3!…8#+!=#$WBM$&!"(!8#+!74B5P2DxW
!"'f5,N!D;-45!R!^*3+!83PM$&!).\!L!DN,&!5!4$E/&!D#$3+!"S5!,&!='Q54!"#$f!B4!R!DX+4
!":.•*p!B4!^VP2!DxW!4,3!L!DNB!5+!‰-4y/&!^VP!k6n&!KM5B!)$WBM$&!L!74,(!r,f!$E&!5!4.&
!4.&!74B.f!O$<C!+B!)P!¥.3!O8X!•h+5!^3!$C!R!74,l#!=c$*'m+!)+B4!5!O4.&!74$E/&!"#$f
!L!8X$&!B4$h!)P!)8*€$f,&!5+!)+8#4!54B+4!DQ54!‰*#!+B!^VP!¥.3!R!KBP2!DxW!)$WBM$&L
!M5,3+2!DxW!ŒLDX+4,&!)P!M+!]4!5!8X!O,#!)$WBM$&Š!=/;-!R!D?W!4$X!B$(!DQ+B!^*3+
!!L!s-P!M$&!+4,N2!DxWL¥$&!^3!)$<E3
!^32!DxW!)$WBM$&!4$'N+!,EX!B4!+8#!5!8#8*F6n&!).\!L!4,F&!5+!)+M+!+B!K,9p!5!DNB!)5,*&
!+B!…4.(!M$&!•!=-.W!=3!+,\!]$b32!"(!4B5P,&!4$-,N!^*3+!L!4,&!=3!+B!=(4.(!O8-4!+B!KM$&
!)P!¥.3!"(!K,EX!B4!•=/(!=3!+,\!Y/C!]42!DxW!5!8-8/%&!)$WBM$&!•4,*W,&!"#.Z\
!]$m!"(!D9#+4!^*3+!L!DX+4!8#+.C,&!sV!+B!=(4.(!M$&!,fP!4B.f!8#+.'&!^VP!^3!8{
!!L)$'9&!^VP!5!74M$&!,9p!R!OB+4!^3!R!4B.%#!¥.3!^VP2DxW!R!D9*\
!5!KB+4$N5!8*3+!.C!B4!+B!)+,Z-4!K4,(!^-+!‰63!).\!"(!=#+8&!$C!O4B5P!)+8&!j„3!^-+!5
!5!74$*p!O,(!)+8*3!B4!"(!D9*#!=9(!='Q54!M+!,C!u-$a!y*š*V!5!L8#$<#!KB+yW!vm!u<c
!4.f!kVˆ3!B4!"(!=9(!K$_&!)4,(!K.l*#!)$/š<V!5!R!8X$&!78/ZN+,Q!$N5!"ZN}!B4
!]4!B4!"#!5!4B+ˆW!¥.W!B4!"#!"(!+B!)P!)4+4!8/p!5!–!4,<X!y-$m!,lX!)$*9#!5!vm!]$<V+
!!!L!8X$&!5+!)$/&!"?*p!5!)$*&!7,%Q!KM$<“!"(!=9(!$&!^'xW!,Q!5!–!8V4!K$S
!"(!L!4,(!8-$&!=3!y*V,p!.C!B8“!5!KB+4,(8&!D<6|!M+!"(!DQ+!^X5B!1$'N+!).\!+,3!5
!4$&!).\!)P!j„3!5!L!g4$;Q!K$*<*(!B$*f+!Dn:$%3!5!DQ+!g5$zX!"-$3!B+,X+!DFb{
!)P!K.&!4BˆW!^*WB$p!,&!,W+!5!R!8#$Q,&![$38&!)P!s*9#!4y&!^*m$-B!,&!,W+!"(!DQ+!K,bQ
!8X$&!A6C!vm!^%Q!5!L!8-P!=3!)+,W!.C,&!^%Q!^-+!"(!Df$/X!)+.C!=3!5!L!8/(!D-$lm
!!L¥.f$#!)+8F'93!`3$93!B4!)P!,i+!5
!"'f+4,e&!O$<C!5+!B$(!5!4.&!78X![B$N!5$W!M+!,*X!8*QB!D<6(!^-8&!)$?-+!Da5$x3!).\
!4,(!=63$C!R!DN$-!=/*l9C!s?f!gB.N!5!R!78*'6“!).f!B4!5!8-4!78/ZN+!+B!5+!"l#+8/\!5L
!B$(!^-+!B4!"(!s#+4!=<#!L!,/V!5!K+B!5!DQ$*(!5!jz0!)+8/\!$&!"&y/X!o-B42!DxW!4.f!$&!5
!…$&!=&!)$/€$f!v-,c!$-!8#4B+yW!D#$3+!5!='Q+B!vm!8#8*#$QB!5M+!"š#P!B4!5!O4.&!k*>3
!!DX+4!8V+.%#!4.Q!,9bC!5!uS.C!5!O4,(!74M!DF*>3!+B!4.f!KB$&!^3!L!8#4,eQ
!8-8&!)P!"/34!5!8X!DEFX!=&5!à+5!)P!j-}4!5!D?W!,V$|!K5!B4!=#$<*?p!B$iP!).\
!5!,C!O,f!^-M+!='h5!•D9*\!g,lN!kS.32!DxW!L!DNB!U*p!5!4,(!unh!"6*6(!^%Q
!B4!^<X4!5!)$3+,f!g,>#!5!KM5,*p!O$z3!B4!‰63•4.&!8#+.C!"#.Z\!,C!…B$F3!^-M+!KM5B
!78*#$QB!O$?&!g5+80!M5B!R!74B5P,&!o*C!g,x|!`F{!R!)$n6“!D:ˆ3!5!=3$($#!7$Z&+.f
!,&!DzxX!5!DhB!s/(!4$-!"&y/X!D-$x(!5!U#+4!5!D38f!5!DFb{!M+!"(!7$W,V2DxW!,*XL
!t$FC+!B+M$&!K5B!5!7$eQ!7$/p!5!D?p!vb:+!5!R!44,W!=:.'93!g,_a!5!g,9m!5!k:$“!^3
!!]$f!)$'Q54!K5B!,&!5!B$f!)$/<X4!78-4!B4!R!4.&!^3
!4.<#!K5B!"(!K,x|!^-8&!5!R!D9*#!sm,C!K$S!B+8“!D<;#!,N$(!)P!,&!+B!‰632!DxW!"/34
!8-Jh!M+!+B!)P!5!R!8-+yN+!4+8'0+!5!g,93!5!‡$*CB+!5!=Z#$34$X!4+4!DQ4!"(!=C,>#!5
!g4$;Q!"3$#B$(!5!4.X!"'Q+BP!=#$;3!^-8&!]$Fh+!"3$#M5B!"(!R!4,<X!,i•3!5!,f$x3!5!B$WM5B
!5!L!4.&!)+.'#!^<-+!K5!,&!)$_&!"(!)4.?%&!=9(!,&!4B.%#!4,f!B4!L!44,W!M,n3!)P!]$„3$&
!)$V$X4$p!5!L!D9*#!,*?<X!).\!"#$-M$C!•*V!5!B.W!).\!)8#M!•*V!+B!‰63!s>f
!K$V5B+4!"l#$/\!ƒJf+!5!,/V!K+,&!8#B+8#!,'?*&!•:+!)$?-+!$&!"(!+B!T(!B$*9&!8/34,f
!"(!D?Z#+!5!R!8#B.%&!¥.f!R!g.EX!5!5MB•&!"#!R!D;x/3!5!78-$N!K+,&!¥.f$#!5!DNM
!8#,F&!+B!)P!"„S!=h$&!K$z&!K+,&!R!4yZ&!)+,&!B$3!,W+!R!‘9&!5!ŸFh!D:P!5!DQ+!DQ4!D/-M
!!!L!8#,<X!Dm+B!^*0!+B!)P!D/-$F3!Dz?3!5!R
!5!+.QB!+B!"/34!5!8'9&!5$W!‚$>#+!B$WM5B!$3+!R!8*3+B$*&!=(8#+!^%Q!^-8&!=:$m!,*X
!5$W!ƒ$>z&!5!R!D?W!O.6;3!+B!,*X!5+!]$;'N+!5!•BM!5!+,'N+!5!B5M!5!R!8*#+4,W!Db*wN
!5!g,<„&!4.X!"'X$(!5!74B5,p!"l#$/\!B$'xW!s%C!5!B+4,(!]$E#!"\!R!D?l&!¥B+M!)$-B+y&
!!L8QB!u-B
!!$F/0!"&!8>b-}!….?:+!tBy-!^3
!"(,V!5!L!…B$F3$#!8*(!5!=:$ZQ8&!sC+.f!5!DQ!74.&!4.<b3$#!"?*<V!B8“!5!,l3!kh+.0!5
!!L!4BP!^*3y&!5+!D?p!5!8QB!5+!K5,&!)P!—#B!,fP!8/(!M+B4!='Q4!)+8&!5!4B+yW!=38h!)+B4
!!!"6V+!t,>-!=•F:+!5
!!s*f5!";C,3!s6q:+!5
!!
!!
!!˜/34!,3+!^0!™bx:+!1$&! !! !! !
!]$*%&!+B!^*z-!]$<S!"#.Z\!"(!O$<#!=0$Q!)$'Q+4!D?W!O.6;32!+B!^<V,&!DxW!K+B
!=Z-$/<X4!5!DQ.*p!)+8&!8E0!Ÿz#!D<Q!5!8X!‡5,_3!,*X!g5,3!$C!8*#$X.e&!DEFX
!)P!,Q!B4!5+!B._/W!5!‰63!B.'Q4!5!DN,W!B+,h!Dx:+!K$_&!D?m5!5!='Q54!ua.3!B4
!!L!8X
!"(!R!8/(!)$*&!¥.m5!5!,*X!U*p!5+!K$ECBˆ;3!D*x*(!5!"/34!B$(!DFh$0!8/*&!,W+!)./(+
!"\M!+!)P!…B+8C!D?W!)$<W8&!"/34!B4!5!4,(!t.SB!4.f!jz;&!).\!"i4$m!)P!B4!,*X
!M+!™6%C!5R!!4.<#!‰9<C!D_m!"š&!"/34!5!R!DN$-!‚.h5!"#.Z\!5+!B8“!,&!5!!R!4.3,N!t.#
!!L83PB4!)P!¥M.p!^'9S!4,W!v-,c!O+8(!M+!5!R!8*F6c!T/S!"\
!5!A-B+.C!B4!5!R!8#$<#$/E3!j-5$C!•*E&!"/'N!)4,(!B+8*&!5!R!8F9%#!yW,V!).f2DxW!^<V,&
!=9&!4.&!74,(!)+B4!"(!=6*_;C!M+!Df+4,e&!5$WB$(!M+!,*X!).\!"(!O+!78#+.f!)$/\!B$Ff+
!!8*-$f!D3+8#!D?Z#+,Q!5!4B.f!=#$<*?p
!!!^'?-.f!M+!OB8#+!—#,&!‰*#
!!^|!74,(!$nf!5!,*&8C!78X!sW
!J*'Q+!g4$-M!g,_a!5!g,lN!5!4,(!=3!4$-!+B!5+!=a,3!•:+.Q!5!8($'3!•.zm!Dh5,E&!5
!"(!DQ+.f!=3!"'Q.*p!5!R!4.&!5+!t$FC+!,Cy-y0!5!1$b{+!,C!=3+,W!"(!R!DN$-!=3!g.h!5
!$E'-$lm!5!K4,(!$EC.6f!¥.m5!M+!‰-,V!$&!5L!4./X!5+!,(~!5!8-.W!5+!†-8m
!¥BˆW!"/34!5!"6*6(!^l93,&!D?WM$&!).\!R!4.&!5+!U*p!=V$Z*&!$C!Y/6p!=FXL='Q+.f
!Y/6p!L!8#+B!=3!M$&!DNB!5$W!vm!B4!5+!DES!M+!"š#P!5!4.&!74B5P!"/38&!K5B!"6*6(L4$'N+
!5!B8“!^-+!5!R!K4,(!=&$lCB+!].V2!"(!4.&!78*QB!$_#P!"6*6(!^%QL!DX+4!¥.W!5!4$'9*&
!4.&!)+.'#!^<-+!5L!='X+4!+5B!s*q0!D#$*f!+B!‰63!5!R='9S!‰-B$&!‰*#!=6f83!+By<“
!+,C!¥.m!5!M+!Tlš*V!5!8QB!.'&!)P!D;FC!5!K.X!~.f$3!)P!]$&.&!D0$9&!D0$Q!"(
!"6„3!5!^'?(,&!"<V!5!R!8/*F#+5B!g,V$q3!5!D#.;3!)+M+!.C!™6%C!B4!5!R!4B+8#!B5ˆ;3!)+B4
!5!D6{+.3!5!¥$&B54!^3!M+!D9*#!DS$m!.C!=Z-$9<E&!+,3!5!L!8#.X!"<6(!‰-!.C!)4,(
!!,E3!.C!M+!OB+4,&!5!.C!M+!]4!s/(!,&!,W2!"(!DxW!"/34LB+4!•h.C!B4!DxcJ3
!!•O,&!$_(!]4!)P!s/ZN+!"(,&!,E3!)P
!5!B+8&!8&!5!‰*#!M+!DQ4!5!^(!)5,*&!]4!M+!8Q$N!g}$*f!R!8-$?#!+B!,*&8C!"'XˆW!B$(!y*#
!=N${!5MBP!K+.V!5!=:$f!4+,3!)$ES!5!4$'N+,&!^<X4!"(!R!BP!D“+,N!5!=Z#$34$?&!K5B
!!D?W
!!M+,Z&!=f,x&!5!M+,N,Q
!!B.f!=3!=3,%&!5!K.S!.E:
!89m!5!ƒ,m!KJ*'Q+!5!R!8F#!78*X.p!^3!,&!D#$-4!5!g5,3!B4!=;Q!)P!uh.3!=&.f$#!5
!!L83P!‹,b3!)+,&!+,3
!"(!DQ+.f!K8E0!K5!M+!5!DNB!,*X!B4$3!‰-4y/&!4./?&!O$<C!].>N!^-+!Y/6p!).\
!5!R!DxW!M$&!4.&!74./X!)$?-M+!"š#P!8*($C!5!Dz*i5!M+!Tp!5L8#$3!B.'93!8-.W!"š#P
!+B!5+!R!83P!,9p!B+.-8&!,*X!B4$3!M5B!,Z-4!L!4,(!,-,zC!=N.'93!"/34!B+,h+!5!"6*6(!œ0+.3
!g$3$z3!)4,(!4$-!5!"&y/X!^'?(2!DxW!•D9*\!kS.32!"(!8*Q,p!L!DN$-!=($/<“!).\
!^3!,c$f!M+!K5!,(~!sX.(!=3!8/\,V!L!DX+4!^3!D38f!B4!"(!B.l?3!,i•3!5!B.E?3
!•h+5!`{$#!5!vx?3!™6%3!M+!5!s/(!=63$C!‰63!`:$>3!B4!"(!7$W,V!5!R!4.X!=<#!B54
!!4,<X!^3!,&!5+!•Jf+!^Q$b3!5!45B!58&!]4!s?-8#+
!DQ+!j*:4!‰63!^%Q!5!L!D9*#!5+!Tx#!M+!,C!u/z3!5,&!T(!•*V!g4$EX2!DxW!,*X!B4$3
!5!8#+4,W!=3!7M$C!=z6h!D0$Q!,V!5!8V4!=3!=V+.W!"&y/X!=V$/W!=&!,&!5+!]4!"š#P,&
!"š#P!B4!,W+!5L!DQ!78X!74,(!à+5!)$V,&!5!•4${!^*z-!=&!B$(!^-+!"(!8#+.f!=3!,c$f,&
!5!K+B!,&!+B!)P!5!4.&!='9#+.C!B4$h!5!‰:$3!Tx#!5!s?f,&!5!='NB!K,lxC!8#8*#$QB!‰6<&
!).\!‰X!=l-B$C!B4!j*:4!•*V!"(!R!='?W!"'f$/X!]$m!Dz*zm!='f+8#+M$&!U-.f!jz0
!B+,Q+!";*6c!5!‰63!,*<a!d.Q$S!….63!DQ+,N!"\!R!D9*#!‰63!,VM+!,c$f!5!B.#+!K+B
!!!8X$&!k*“
!!‰X!=&!K8V+.%&!g,*<a!,W
!!K8/(!,Ff!)$<QP!]4!M+
!B4!$C!s#+4,W!1.9/3!='#$*f!58&!"š#+8&!4.<#!ƒ,m!5!O4,(!g,lN!B$*9&!5$W!B$(!B42DxW
!M+!5!B54!^X5B!K+B!M+!7B$š*&!y*#!5!L!,'?*&!K5!…JV!,&!D3+8#!5!g,9m!5!4.X!=3!^'?(
!=&!=/<C!5!44,W!DQB4!K5!,&!K5B!)P!M+!)+8Q$m!D<EC!"(!4.F#!"#$Z*&!78-8/9p!g,*Q
!sV!]$<V+!K5!vm!B4!5!L!8#+BˆW!,c$f!,&!^3!DF:$•3!$-!R!4.X!^l<'3!K5![$34!B4!)+4,f
!5!s/l&!B$(!^-+!™bxC!"(!sV+.f!=3!5LK8X!D?h$/3!kFQ!5!g5+80!=0+4!"(!4.&!"'N,#
!R!O+!"'X+ˆZ#!=h$&!…B+8C!]$_3!5!8X$F#!8/34.Q!"\!,W+!R!s/*&!kS+5!D•:$F3!5!.6“!)+B4
!=#+4!=3!Ky*\!)+B4!.C!,W+!5!L!8#$<#!=:$f!)+5+,N!8-+.N!M+!1+.{!5!$nf!ua+.3!Df$/X!$3+
!!L)$V$W$*&!+,3!K+!74./X!5
!+,3!)P!)$<'(!B4!.C!)$l-4y#!M+!=w;&!"(!R!D9*#!^l<3!)P!B$E|+!$3+!R!O+!74./X2DxW
!5!DQ+B,z3!)+M+!k/_C!B4!$<60!8*($C!5!B+,Q+!)8*#+4,W!¥$N!k*0!5!L!DQ+!74,(!D-${5
!5!R!•6'%3!gJ-5$C!5!DQ+!B$*9&!7.S5!+B!$<60!j-5$h+2!DxW!,*X!L!K8-P!"'xWM$&!O$<C!}+
!jV+!M+B!^'X+4!)$E/p!5!L!8//*&!1+.{!D<lm!D*wh,&!5!B.f+,N!)+8&!+8'h+!)+8/34,f
!$&!)P!B$E|$&!"(!D9'Q+.f!,Ff!^-+!78/#$QB!"(!4.&!8-$X!5!L!D:M!B4!DQ+!D(B$?3!DF-B
!5!1$&!^-+!B4!,Z#!=3!L!8#+4,W!74.:P!)+8&!+,C!5!4BP!)5,*&!D:+.m!^-+!78E0!M+!+B!4.f!.C
!!L^(!=3!4.&!8#+.C!DzxX!5!Db*>#!B.f+,N!"š#P
!,V$|!k*0!54!B+,Q+!•?(!^l:!R!D9'QB4!K+B!5!78-8/9p!gB$X+!^-+2!DxW!,*X!B4$3
!•*V!$CR!)+,Z-4!=#$<W8&!O54!5!R!8X$&!74,(!4$<'0+!^-+!"(!T(!)P!=Z-$/<X4!]5+!2!4B+4
!]$<(!5!^%Q!Dz*zm2!DxW!,*X!L!4,<?#!O,b3!KM+B!B4!+,3!5!8-.Z#!=/%Q!^3!$&!T(
!$nf!^-+!78E0!M+!U-.f!)4B5P!)5,*&!kF9&!"(!OB+8#!+5B!y*#!^35!R!DQ+!B,z3!.C!•8{
!¥$N!5+!,Q!5!=/(!^**;C!T(!)P!O$#!"(!=V+.f!=<#!,W+!5!L!s-$<#!7+,(+!,Z-4!=-$nf!,&!+,C
!!L!^(!gB$X+!j<_<&!KB$&!=#+4,W
!=-$E3,S!B4!^l:!DQ+!B.E?3!)$9m+!]$<S!5!.x0!D6*wN!B4!$<60!^%Q2!DxW!,*X!B4$3
!8X!78-4!j3$X!g,w3!$_(,V!"\L8X$F#!u-$X!s:$0!B4!)P!B,a!5!O$0!4$9N!B4!)P!,i+!"(
!D_m!R!5!D?W!)+89x3!,Z-4!K,*:4!kS.3!R!5!4.:$*&!+B!7$X4$p!g+~!)P!D<{5!R!5
!5!8<';3!B.'Q4!+B!)P!KB+.<V$#!5!KB+4,(8&!B4!‰-,V!.N!!DN,W!g.h!)+8&!)$-8;'3
!j&!kS+5!)P!…B+8C!5!8#$<#!]$_3!+B!$w“+!5!M5$_C5!‹$<“+!5!.x0!5!8/'f$Q!,F';3!B+4.<#
!!1$F:}+!=:5+!$-!¢.*m!ƒ$>z:+!=N!sl:5L44,W!"w-,N!"(
!!)$9m+!‰*_/-}!^*m!¢$_#!,?:+!=N!5
!"(!4.3,N!+B!B4$3!,*X!L!DQ+!)$'N!5!,-,X!5!O$<#!=0$Q!DX+4!^-,&!+B!‰63!"(!"/34!)P!5
!$C4,(!,Ff!sV!+B!B4$3!5!R!DQ+.f!,a$m!+B!,l?:!5!4$'Q,N!)$9(!5!4,(!j3$C!DN,&!).\2
!g,lN!B4!+B!^'?-.f!5!4.<#!‹+,0+!K5!M+!5!8#4B5$*&!+B!"/34!$C!4.3,x&!Tp!L!83$*&
!5!4B5P!)$l-4y#!M+!=l*&!K5B!"'9&!Bˆm!7+B!5!8-4!74$?W!J&!B4!).\!"/34!L!4,(!].•?3
!=FS.3!+B!$<X!)83P!sV+,N!5!‰63!g,lN!5!D9'?W!ž4$m!Ky*\2!"(!DxW!"'9VP
!,V$|!.C!D#$*f!).\!5!L!DQ+!78*#+4,W!,lx'3!.C!=#$W8#M!+B!‰632!DxW!,*X!B4$3!•!D9V
!78#M!=/*;:+!Ñ,c!+,C!"(!8-$?#!83P!+8*p!='xW!5+!`{$#!)$3,Eh!vm!B4!"(![5B!45!8X
!!L!4B+ˆW
!B4!+B!)+,f$'3!"(!8#+!74,l#!$VB!"'xW$#!D<lm!•*V!)$ES!ž4+.m!B4!)$38z'32DxW!"/34
!R!5!DQ+!,-8zC!7,%Q!$V,*&8C!"<VŠ!"(!8#+!"'xW!$C!DQ+!,-4!5!R!4,&!8-$&!=_#B!)P!K$?#+
!,C!‰-4y#!J&!O+8&!8-$<#!U*&!D•:$F3!Tx#!D#$*{!B4!R!5!8/(!U*&!y*V,p!8/34,f!8/\,V
!g4$;Q!7M.3!DQ4!+B!B+,X+!DFb{!5!)8*F6c!D3JQ!7$X4$p!Db*>#!B4!5!Œ!L!8X$&
!,{!,{!4$F&!+B!"'%*&!7$(!5!4.X!74,(!v*6;C!,i.(!"x*b{!,&!"(!D9#$/š<V!^'f$Q
!K+,&!DQ+!g4$-M!5+!,nf!8X$&!]4!‰-!5!`{$#!7$X4$p!D38f!B4!"(,V!5!L!8-P!74,eQ
!B4!D9N$/3!5!89m!K5B!M+!)$'Q542!8#4,W!s>f!7$X4$p!)$/<X4!5!)$'Q54!+B!5+!"l#P
!!L!D:54!5!‰63!`:$>3!B4!Db*>#!5!ƒJf+!"S5!M+!)$/<X4!5!R!D:y/3!5!7$S
!B+8-$p$#!K$*#4!^-M+!K5B!5!8#+!74B5P!^3+!B+.-8&!D?p!v-$zm!jV+!"(!D9/-+!K+,&5
!5!)$34,3!Dn:$%3!,&!+B!=-$E/C!5!"'X+8&!)P!g+.EX!5!g+ˆ:!M+!DQ45!DQ+!78*#+4,Z&
!y-$S!D6x“!5!.EQ!5!gy0!g,wm!B4!"(!R!78-yW,&!•.6%3!D38f!,&!+B!v:$f!g4$F0
!M+!B$W8-,NP!O$lm+!B4!5L48/F#!gB.{!D&.z0!g4$F0!¥+4$p!5!K8&!=l*#!K+yS!5!R!D9*#
!!!8X$F#!BˆW!D:8;3!D*wh
!!!DQ+!=n6“!$_/-+!,W!D9*#!=n6“!$_#P
!"#!,F';3!)+B4!•$xC+!R!45B!g5$x'3!)./N!5!•6'%3!t+.#+!,&!)P!‚J%&!v-Jf!K$VB$(!5
!1+ˆ;&!+B!)$b{$#!7$W!5!8#B+4!=3!=#+MB+!)$>6%3!B+4,(!1+.i!+B!)$3,_3!7$W!R!•$zb'Q+
!5!‰*#!5!,V$|!)$?-+!]$;N+!B4!$nf!5!k:$“!)$?-+!]+.m+!,&!+.V!5!8/-$<#!=3!)$*#$S!D:M
!!!)$9l-!)$?-+!‰-4y#!,X!5!,*f!5!8&
!"#!R!B54!Dz-$w3!v-,c!M+!5!8X$&!‰-4y#!1+.{!B$„-$&!5+!K$VB$(!"(!D9#P!vN.3!7$X4$p!5
!….63!•Jf+!,C!78-8/9p!5!L!4B+4!+5B!D&.z0!s*&!M+!"#!5!8/(!D*&,C!DS$b&!+B!=9(
!=3!‰63!5!L!,i+!=a,3!)+B$Z'38f!)8*#+4,W!y-y0!5!1+.{!^Q$b3!B4!DQ+!)4.<#!DF“B
!5!D0M$/3!1$FQ+!y*\!•*V!5$W!5!^3!)$*3!"(!8#B+8#!o-B4!=V+.W!sV!)+,a$m!5!8#+4
!5+!5!L!4.F#!4.X!gB.{!='6-$“!+B!)P!"(!ž5B.3!D*F>0!5!s-8h!g5+80!5!D&~$_3!=0+54
!5!89m!)+M+!"(!s'f$/X!=<#!sV!DzxX!5!KB+4,(8&!DQ4!5!D-$/0!5!8>h!]$_3!+B
!R!4B5P!K$_&!s'f$/X!kS+5!4.f,&!"š#P!5!O4,(!='b*>#!+B!‰63!^l:!L!K4,(!8:.C!K8zm
!M+!T(!B$*9&!5!L!4,(!KB$(!U-.f!K+B!K$w'z3!,&!5!8-8&!K.04!)$V,&!5!^%Q!•+8>3!5
!).f!B4!Dz&$n<&!"/-+,V!5!R!8#+!78X!)$Q,C!^3!M+!g5+80!5!D<EC!5!D#$*f!5!U“!jV+
!!!8/X5,f!^3!B4!DzN+.<&!5!4,(!8/V+.f!=;Q!^3
!^3!K$z&!"(!4.&!8V+.f!^-+!D38f!g,<i!5!Db*>#!g$N$l3!"(!s'X+8#!)$<W!yW,V!5
!8-$&!g$wz&!+B!5+!2DxW!4./?&!"/34!^%Q!,*X!).\L!8#+4,W!•Q$'3!5!B._#B!+B!‰63
!‡$w-+!=&L!D:8;3!5!‚$>#+!‘-+,X!5!DQ$*Q!O$lm+!B4!"\!R!8//(!™bxC!5+!B$(!M+!$C!4,eQ
!DxW!"/34L)8*#$QB!$w3$&!458m!D3$h+!B4!+B!D<-y0!D9*#!y-$S!D_m!O+y:+!5!D/*&
!"#!8V4!"(!]$„3!,V!•D9l63!]80!5!jz0!]$<(!M+!,C!•>/3!5!,CB$(!DQ+B!s($m!O+8(2
!!D;S+,3!]$_3!+B! ,\!"#!5!4.&!8#+.C!‹+,'0+!jb3!)+8&!+B!B$WM5B
!!¥.W!"#$3M!5!s?\!74$?W!)54,W
!!=<V!8/(!$w3+!.C!K+B!"(!+B!slm!,V
!g,*>&!B.#!B4!)45yN+!5!DEFX!•?(!B4!y*š*V!"(!8#$<#!78*X.p!‰63!^*'3!K+B!,&!5
!s693!‰63!d$&!M+!45B!+y9&!™bxC!,W+!"(!szi+5!^3!5!L!D9*#!DF„C!5!g8V$_3!).\
!O.6;3!^3!D*{$#!^<-!5!gB$X+!•8{!5!Db{$/3!’,N!5!Dm$Q!gŽ+,&!]$m!"<E&!5!L!s#$3
!]4!5!1.\!,*<a!M+!UCP!"(!R!D9*#!7B$\!^3!B$(!U*'xC!B4!='•:$F3!M+!$3+!L!8X!8V+.f
!!!4B5P!)+.'#!)5,*&!o*6&!8ES!5!O$<C!8S!=&!Y/Q
!™bxC!^c8&!szi+5!^l:!L!=<-$</#!d$<':+!.6“!…B+8C!B4!=<Q$/X!=3,S!+B!4.f!^3!,W+!5
!,C45M!k*c!,i+!)P!)8*X$e&!4B+4!,n0!s*9#!"(!y*\,V!5!L44,W!,V$|!^3!ƒJf+!8cy3!"(
!R!4.&!$E'{,N!)P!)4B+yW!M+!Tp!R!=<'X+4!=6<S!5!"h$#!B$(!^-+!B4!,W+!5L!8QB!‚+,c$&
!"(!OB+4!=3!s?\!5L!=<'9?/#!J&!,q'/3!"'9lX!K$p5!=34.F#!OMJ3!‰63!7$WB4,&
!45B!"š#P!M5B!,V!$C!8V4!]$„3!5!R1!8X$&!"#y3!DF-B!5!‹,“!M+!"(!8/(!=/*3$&!B$(!D:+.m
!,x|!O$S!5!DQ+!`'N!"/-P!"(!R!4.f!K$<#!)$ES!K+B!,&!+B!)P!‰63!5!R!8/#$Q,&!‰63!u<9&
!‡$F3!+B!‰63!5$W!^'?(!"(!kS.3!)$<V!"\!R!O4,Z#!jc$&!DEF?&!^3!$C!4M+8#+M$&!R
!!!L!DQ+!74,(!B.qb3!K5!,&!^3!)+!M+!8*#+4,W
!D<Q!M+!"(!OB+8#!)P!D:y/3!5!jb3!"(!•!s?-8#+!D#$*f!^-+!kFQ!"š&!4.f!^3!7$Z#P
!+B!‰63!8/\!,V!L!s#+BˆW!,c$f!,&!8/6&!g$SB4!5!•By&!K$VB$(!u<c!5!OB+4!Dx#+!D-4.F0
!y-$bS!)+M+!^3!)8*#+4,eW!O5,b3!"(!R!8-$&!=F*>#!5+!K+BP!OJ0!]80!M+!+,3!,fP!O+!78/&
!!L44,Z#!unz/3!)+M+!^3!8*3+!g$N5!M+!Tp!5!g$*m!B4!5!R!8X$F#
!"(!8V+.f!=3!$3+!R!D9*#!‰63!s*q;C!"S5!M+!8-.W!=3!"/34!"š#P!2!DxW!)+,a$m!M+!=l-
!5!•,CB+5+yQ!^3!Tx#!M+!^3!Db*>/&!D9*(2!DxW!"/34!L!8/(!uN4!4.f!M+!J&!g$<6(!^-8&
!+B!)+,Z-4!8-$</#!O$<'V+!U-.f!g+~!D#$*{!B4!5!4B+ˆW5,N!DS$m!O$z3!B4!+B!4.f!"(,V
!K,F#!)$<W!$C!5!L!.C!jES!B.N5!5!sEN!B.>h!,&!DQ+!j*:4!.C!^%Q!5!L!8#$<#!K8*3+!K5!B4
!,-5yC!,&!"#$l63!y**<C!5!8-$3,N!=63$C!).\!"(¤!8#$3!78*X.p!‰63!K+B!,&!g$E-.<C!^-+!"(
!K,<0!K$VB$(!5+!K+B!"(!R!4.X!+8S!g8#$;3!M+!Db*>#!5!8-P!+8*p!.C!Db*wN!4B$<W!.C
!!L8/(!B.Ez3!=CB$X$&!)+,W!K$V,l?:!5!4M+4,p!=F?&
!!•8>&!1$'NP!8&$-!K,q#!B+!U-+B!M
!!•1~$(!+B!D9%#!`F{!4B$-!8#+.f!"(
!^-+B4!Dq0+.3!^-+!M+!"(!OB+4!=<#!k_0!)8/\!.C!B8“!5!…,3!v&+.Q!M+2!DxW!,*X!B4$3
!R!8/*?#!].Fh!jb3!B4!,W+!D9'q0+.3!K$S!^-+2!DxW!"/34!L!1$&!,V!B4!j„3+!)$*&!5!]$m
!=3!8*3+!M./V!R!B+8“!K+2!DxW!,*X!B4$3!L!8'N+!t$<'Q+!4,f!u<9&!,W+!DQ+!j„3!O$Z/V!5
!,?&!+B!,*f!5!K8F&!+B!=-.l*#!=9(!,W+!2!DxW!"/34!•!=&$-!ƒJf!,l3!5!7~.;?&!"(!KB+4
!+B!^-$f!•*V!"(!8#+4!‰63!L!O8*#$QB!$N.&!+B!8E0!5!M$_#$&!+B!7805!KB$&!^3!4B+4!+5B!"6&$z3
!5+!k#$_&!sV!)P!g,w3!4B+4!+5B!^-+!^3!vm!B4!,W+!5!R!8X$F#!^'xW!^%Q!K,*:4!5+!U*p
!jN$“!DF„C!uN$/3!5!j3$C!8-+.N!M+!5!8-$<#!D0B$93!$VB$(!B4!"(,VŠ!8#+!"'xW!5!L44,W!M$&
!5!DQ54!)$*3!$C!DX+4!+5B!j*_;C!=<lX!O,Z&!"(!8*QB!)M!)+8&!"(!8QB!)P!58&!8X$&
!!2!DxW!•"#.Z\28*Q,p!,*X!ŒL!4,(!D9#+.'#!•,N!OJ“
!s?\!"#!"(!DX+4!,l*p!7$3!=#M!5!O$#!,*<m!4.&!=#$WBM$&!,*<?(!,EX!B4!"(!8#+!74B5P
!)$&$C!,x|!M5B!).\!KB$9fBR!!78-yW!B$Z#!)$/\!g,lN!8-+B!"#!R!4.&!78-4!K5B!)$/\! ,\
!!)$-$p!=&5!sVB4!•+,N!kX!).\!=x:M!5
!!8/'f$Q,&!5+!K5B!B.#!5!•:M!Y#B!M!4.f
!!^*z-M!=:$<S!^-4!5!)$<W!M+!=:$f!,x(
!BMP!)$S!5+!K$?W!7,E\!"3$f!M+!R!='Q4!7,*\!B4!)$ES!K$<#!D?Z#+!R4$'Q+!=X$z#!5
!)$*3!L!DX+4!=Z-$9<V!)$?-+!$&!R!g,*m!B4!=#$3+!,c$f!5+!y*3P!Y#B!uFc!M+!5!R!g,*“B4
!+B$3!"-5+M!5!K,*W!=3!—#B!Dh5!,E&!2!DxW!+B!5+!)M!KMB5BL4$'N+!='zX$;3!)$WBM$&!)M!5!5+
!=Z/Q!5!=V4!KM+5P!$C!8'N+!=3!=xh.C!‰X}!5!R!=#+4,W!=3!"'Q+BP!U-.f!B.wb&
!=#$?#!.C!5!^3!)$*3!"(!Df$Q!=#+.C!Ky*\!L!8-$&!K+!7›-$N!.C!D;/{!M+!+B$3!,fP!L!KM+8#+
!5B8-!"-$Q!5!8&$C!=3!1PB4!7B$'Q!).\!5,&!K8*eQ!"(!OM$Q!Y#B!54!KB4$\!DxW!•!8X$&
!L!O+,f!)5,*&!K45y&!K8-8&!)P!.C!).\!5!L!8?N!B4!=3!)$(,C!¥.W$/&!,&!)$*Z#M!"6W!).\
!"'NB!KB$l&!¥$z#!KM5B!L!DXˆZ&!K8/šZ-!5!R!Df$9&!B4$\L4./X!=3!1$&!^-+!=3J“!5
!B$;X!)+8&!+B!)M!5!DQ+.f!D-B$0!5+!,'f4!M+!+B!B4$\!)P!OJ“!)PL78#$3!=V$Z*&!$C!5!4.&
!¥$z#!).\L4+4M$&!B4$\!5!D?WM$&!g.EX!K$wh!M+!Tp!5!8X!‰-4y#!58&!5!R!Dx-,x&
!)ML!DNB!$_#P!5!8*#+4,W!•'l&!B4$\!]$m!B4!R!DX+4!=3!•.?;3!B+8-4!K5MBP!5!8*Q,&
!B.N,&!"(!D9V!,*f!R!K+!"'?WM$&!D0$Q!^-+!M./V!R!DQ54!K+!2!DxW!5!8-54M$&!5+!U*p
!!L!Df.9&!B4$\!5!4,(!o*6&!14+!+B!,'f4!R!DQ+!78X!"\!"(!D9#+4!4,3!¤K83P!M$&
!8-$F&!Dz*zb&!5!L!4,(!8-$?#!j*_;C!^3!B$(!B4!"(!8#+8&!‰63!$C!O4B5P!)+8&!j„3!^-+!5
!"\!,W+!R!•,3!!"\!R!s-.W!=<#!…JV!d+,V!5!D&.z0!s*&!M+!^%Q!^-+!^3!"(!Df$/X
!M+!)+B5P!K$p!B$*9&!5!R!4.&!8V+.%&!"/-+,V!R!1.Fb3$#!U-$QP!5!DQ+!1.“,3$#!1+.f
!!!D9*#!^l<3!^'%-,W!5!R!8#8X!)+4,W,Q!5+!DQ4
!!5+!k:$“!O$*h!M+!8#$3!7,*f
!!7$&5B!D6*m!5!,*X!"6<m
!+B!5+!K+B!5!DQ+!78-$N!+B!‰63!)P!)8X!K,eQ!B4!"(!=<#+8&!5!R!='9#$S!B+yV!+,3,W!5
!^l:L!=<Q$/X!)+B4!)$ES!54!g4$;Q!5!=<-.Z&!"<V!…,C,&!D0$Q!‰-!B4!R!=6*3!)+8&
!5!R!DX+4!)+.'#!uFC!=&!‰63!"(!R!DQ+!Ÿ-+,N!M+!K,q#!B$(!^-+!kh+.0!B4!+B!‰63
!!L8#$<#!=:$f!=66f!M+!jc$&!k#+.S!8>z&!+B!=N$(!)+B$Z'38f
!!=?(!B$*9&!B$-!.\!=#$3!$E/C
!,V!5!R!44,Z#!D*&,C!5!4$<'0+!à,3!5!R!8'x*#!D#$<E3!D-$x(!‹,;3B!4!K+!78/&!Dh5!,E&!5
!!!4.?#!"'N$-!O,b3!`{$#!…B$\!5!8-$*#!DQ8&!O8h!D&$i!B$Z'38f!M!5B
!!!1$'N+M!=6{+!Y/Q!‰-!$C!"(!8-$&!$E:$Q
!!^<-!B8#+!v*z0!$-!)$?f8&!B4!44,W!j;:
!5!R!D?W!)$<W!8&!8&$-!=3!t$<'Q+!$aB!u<9&!"/34!^%Q!"(!8-8&!).\!,*X!B4$3
!O,W!‰*#!5+!"(!R!4B+4!B5$&!5+!,-ê:4!K$E“5B4!5!458#+BM!K$VB8“!^-+!7$W$#!"(!8*?-8#+
!='X+4!4B5!D*&!^-+!J„3!5!R!K4.<#!g$V$F3!KB5P!)$&M!5!Dm$>x&!R!4.&!)$&M!1,\!5!^%Q
!!2
!!^VP!s/(!O.3!).\!8-$&!^%Q!uE(!=-$S
!=X.3$fŠ!"(!8/-.W!$_/-+!M+!5!R!8#$3!v-8>'&!D_m,&!K!¥.3$f!2!DxW!5!4B5+!,*?&!K5B
!5!4,eQ!g$wz&!5!D9&!8-$F&!+B!"/34!"(!4.3,N!,*XL!DQ$f,&!s?%&!5!ŒL!D9*#$'Q+8<V
!"?*<V!^3!2!DxW!+B!,*X5!83PM$&!,*X!B4$3!)+M+!Tp!L!8/l&!5+!B$(!™bxC!$C!4,(!TFb&
!K$VBˆ0!5!R!8-.W!=3!"(!$E“5B4!^-8&!D?W!vzb3!)./(+!$3+!R!=34./X!"/34!=F_;:+.&
!,W+!5L!8-.S!=3!"(!B4$#!K$E>6%3!5!‰-B$&!K$ES,%3!5!R!8E#!=3!"(!^-,*X!K$E;N4!5!y•#
!+B!‰63!5+!^'?(!B4!L!4BP!)5,*&!"cB5!)P!M+!+B!4.f!"<6(!‰*&!8V4!^%Q!]$_3!+B!5+!‰63
!!!L!8V8#!D6E3!5!g83!+B!5+!5!8#+4,W![B$N!]4!,C45M!L!DQ+!s*q0!Dm+B!+B!,l?:!5
!kX!5!M5B!5!R!DQ+!D?h$/3!5!=:$ZQ8&!5!D0M$/3!5!89m!….63!)$l-4y#!B$(2!DxW!,*X
!8>h!5+!vm!B4!4B+4!U*&!,/V!"(,V!5!R!8/-P,&!=#$;3!^-+!4,W!5!8/X$&!,Z-4!‰-!=p!B4
!^3!,l?:!,&!5+!D&,h!5!"/34!)$l3!5!L!4.X!"'N$-!U*&!4.9m!5!7+.f8&!+B!5+!5!45B!g4$-M
!D9/3!Db*>#!K+,&!";h+5!^-+!B4!)$?-+!•$xC+!5!t$<S+!"(!s#+4!=<#!5!L!DQ+!783P!)+,W
!)+,Z-4!D;x/3!K+,&!"(!45B!=&$'X!5+!B$(!B4!"(!sV+.f!=<#!5!L!5+!g5+80!DESM!+!$-
!R!sQ$/?#!B5ˆ;3!5+!^'?(!B4!+B!4.f!s-$3,x#!O$<C!™bxC!$C!5LsX$&!78*F6c!U-.f!g,w3
!jV+!D#$*f!^q&!,W+!5!L!8#$X.e&!+B!DQB4!,*&8C!5!DQ+B!K+B!+.V!D0$c!5!Tx#!t$FC+!"(
!^<&!)P!^F“!^l:!R!8&$-!=/*l9C!s?f!gB.N!=:$m!s/(!jc$&!+B!D-$x(!1$&B+!5!,/V
!!L44,WM$&
!DFb{!DzxX5!KB4+,&!M.Q!+B!"6*6(!4$E#!K5!,&!)+,W8/&!5!8#4,&!TFm!B4!+B!"/34!).\
!DxW!5!DN,W!)8-B$&!‰X+!8/ZN+!K5!,&!,q#!"l#+8/\!5!R!DNB!5+!B+8-8&!)$E/p!R!D%*Z#+,&
!!•gˆ:!"\!=#$W8#M!M+!^-M+!Tp!+,3!5R!!8-4!s#+.C!"#.Z\!D/b3!5!J&!^-+!B4!+,C!B4+,&!K+2
!!s:4!).f!DQ!78X!=N${!1P
!!O,Q!1P!DQ8X!7,*C!).f
!!sZ#M!5M+!)./(!^VP!O4.&
!!OB,X!5M+!)./(!UCP!O4.&
!"<V!^-+!^3!5!R!8X$F#!=($&!s/(!='XB4!.C!$&!^%Q!B4!,W+!8*QB!D:y/3!^-8&!B$(!).\!5
!‰-4y#!$Vy*\!,C!].Fz3$#!5!L!K4,l#!g$x':+!)+8&!R!4.<#!=3!.6“!)4+4!8/p!B4!5!O8-4!=3
!+5B!D6x“!5!,*>zC!Dq0.3!B4!D3JQ!O$Z/V!B4!5!DS$m!Dh.&!,W+!5!L!DQ+!Db*>#!.C
!U-.f!K+B!5!Tx/&!.C!1$_0+!^l:!L!=3B+4!D(,X!D-$/S!^-+!B4!.C$&!M5,3+!=34.&!"'X+4
!.C!$&!Œ4,*3!jS+!M+!U*p!=0$QŠ!"š#P!B4!)$<:$0!gB$X+!5!L!8*#+4,W!B.Ez3!+,C!s60!5!jz0
!™•/3!+B!g$*m!"(!8/*&!=-$E_#B!$3+!R!8#+!"'Q+.%#!=#$W8#M!t$nz#+!)4,3!M+!5!R!O+!"'xZ&
!8#+!"'xW!DQ+B!5!L!DQ+!,'X.f!)+M+!•,3!"/-+,V!5!K+!74$'N+!^-B4!.C!"(!^*/\!R!8#+4,W
!!ŒL"*lN!^*&!jS,:+!j'z3Š
!!='QB+4!M+B!.C!)$&M!,W
!!•='QB$(!"\!g,Q!,&!+B!o*C
!7,X!^l:!R!4B5P!=3!K$_&!+B!Db*>#!‘-+,X!5!='xW!=3!4.&!vm!"š#P!"?*<V2!DxW!"/34
!8*#+4,W!B8h!=&!^3!]4!B4!+,C!`-$>#!5!4,(!•*;a!+,3!K+B!7$S!k6c!,&!ƒ,m!g.h!5!Tx#
!D*wh,&!5!8-$</#!g$x':+!)+8&!R!8Q$/X!=3!)P!B,a!"\!,W+!R!=#4B.%&!u:.3!B$<*&!"l#$/\!R
!=0.#!^'X+ˆW!B$WM5B!^<-+!5!]4!¥.f!5!^'9-M!s>f!=&!5!O,f!y*#!L!4B.%&!g.EX
!!!8X$F#!7B$\!j-$V!K$E<fM!s?\!5!k;{!K$E_#B!M+!4.&!='<V!.60!$_(,VL!DQ+!,Z-4
!B4!"\,W+!45B8&!"/-+,V!DX$(!Ky*\!"(,V!5!R!O+!"'X$(!^3!J&!^-+!s%C!"(!s#+4!=3!5
!B$'xW!u-B!5!B+4,(!g,<i!"(!D9'h5!M5,3+!5!L!DQ+!"'X$(!$*ZVM!"(!8#+8&!5!8'N+!D3+8#
!slb&!K.X!sE'3!^<&!.C!"(!=Q+,V!M+!44,W!=3!,C!)+,W!^3!,&!—#B!^-+!5!L!OB+4,&!U-.f
!!!L!DQ$3!)$*3!"(!DFb{!5!='Q54!v&+.Q
!D#5.3!58&!^3!"Z#+5!R!=c.WM$&!^3!M+B!M+!=#+4!=3!"š#P!$C!45B!=x*6lC!.C!,&!,W+!@+~$*0!5
!+,3!"l#P!O54!5!R!='N+!—#B!B4!^3!DES!M+!"(!D6šf!5!.C!Tx#!—#B!K2K!R!O4,W!J'F3
!B4!"(!"WŠ!8X$F#!DEFX!j-5$C!•*E&!.C!].h!•8{!B4!"(!R!8#$<#!=h$&!ƒJf!8n3+!U*&
!5!L48/F#!='F-B!gB.{!D>:$%3!5!=Z#$Z-!)+8/\!$&!^3!1$&!B8N!!=V8*V+.W!)$Z#$Z*&!vm
!!!DzxX!O$Z/V!5!DQ+!DhB!Dh5!R!=/*&!=3!^3!]$m!M5,3+
!!K$S!=Z/C!5!DQ4!=x*;a!y(
!!OB8&!^V,*p!"(!^l<3!D9*#
!!sfB!78-4!).f!M!":}!D?W
!!O,&!DQ4!sfM!M!"?x/&!8X
!8#+.'#!,F{!1+ˆ0!,&!T(!•*VŠ!"(!8/-.W!$<lm!5!L!D?W!O.6;3!='xW!"š#P!2!DxW!"6*6(
!•*V!+,C!^3!5!ŒL!8-.Z&!D-~+!uN4!K+,&!jc$&!$-!vm!B$'xW!M+!44,W!^l<3!"\,V!5!!R!4,(
!74,(!"š#+8&!5!=-$<#!‚+,'0+!7$/Z&!"l#P!,'E&!K4$'N+!O$z3!^-+!B4!).\!R!s#+4!=<#!D6*m
!…JV!^-B4!8&}!"\!R!=#$V,&!D&$#+!5!t.S,&!g,fP!D;FC!M+!+B!4.f!5!R!=/(!B+,h+!K+
!"š#P!5!s/(!j3$C!=#$;3!^-+!B42!DxW!"/34!L!48#.*p!sE&!jSP!5!jS$0!KB$&!R!8X!=V+.f
!!Ls-$<#!s-8zC!.C!gB5$?<&!8-P!M+,N
!=3!5!4$E#!,'9&!,&!D?p!74,(!¥.f!]4!,&!J&!t+.#+!5!R!D?WM$&!s“,p!5!B._#B!"6*6(
!B4!5!4.&!d.Fb3!sE&!"/34!$&!K44!5!L!8X5,N!Tx#!5!83P,&!U<lX!kX!B4!sV!$C!8*š*p
!4$-!5!4./?&!O$<C!)$?-+!Da5$x3!5!8X!B+8*&!"/34!5!"6*6(!^%9&!R!"'xf!=l-4y#!)P
!!L!DxZ#!M$&!•*V!5!DN,W
!^'?(!Y/C!sV!B$_N!^'X+ˆW!78#M2!DxW!5!8*#+4,W!7M$C!†-8m!^-+!,*X!B4$3!M5B!,Z-4
!+B!g$wh!‰63L44,W!‰-,X!5+!$&!B._N!B4!4B+yW!78#M!+B!KB$l&$#!"(!,V!5!L!DQ+!B$*f+
!O$0!jxb3!5!ƒ$f!u<_3!B4!5+!D#$*f!)8*#+4,W!^X5B!5!"/34!B$(!4B+yW!B4!4.3,N!j*_;C
!!L!8/-$<#M$&!45B!"š#P!M5B!,V!"(!4+4!]$„3!5!R
!K5B!5!4+4!M+5P!=a$h!j*(5!5!R!8#4,(!u<S!+B!O$0!5!ƒ$f!5!8#83P!sV+,N!g5$wh5
!58&!"(!=':+.m!U*'xC!5!5+!B$(!D9SM$&!5!"/34!=/;3!B4!‰632!DxW!5!4B5P!)+,a$b&
!=<lm!5!R!4.X!7y/3!DEFX!B$F“!5+!B$(!Dz*zm!$C!R!DQ+!74.3,N!O$<C!’$*'m+!DQ!74$'N+
!….63!B.EC!5!^*cJQ!KB$Z3$l&!5!R!8X$F#!B54!]80!=w'z3!M+!5+!vm!B4!8-+!78#+B!"(
!"Q!K+,&¬!DxW!8-$F&!D93.6;3!"š#P!5+!7$/W!M+!+B!$<X!M+!=l-,V!5L44,Z#!1.9/3
!•By&!=;h.3!g5,3!5!^-!4B4!^'xW!vm!D_m!5!)4,(!D#.;3!]80!B4!"l#P!]5+278-$N
!DQ4!D#$*f!1$&B+!M+!=l-!]$<X.Z&!D:Ja!1$b{+!=6(!,SM!•Jc+!,&!"l#P!O54!5!R!4B+4
!=';x/3!5!j3$X!='m+B!)$?-+!1$FQ+!unh!5!B._N!5!,l3!1$b{+!U:$3!"l#P!O.Q!5!R!8V4
!!L!DQ+!^<w'3!+B!u-$X
!"\!–!DxZ#!Ky*\!T(!•*V!5!R!8/'?W!¥.3$f!)+,a$m!"<V-!8*QB!,f•&!^%Q!^-+!).\
!].z&!5!R!8/-.W!Ky*\!4,_3!)$<Z&!"(!8/'X+8#!+5B!R!4.F#!,V$|!^*z-!5+!B$(!B4!+B!)$?-+
!!L44,W!"'%-B!=#.f!5!4.X!78#+B!=<lm!)$?-+
!sV$/W!=&!^l:!R!=<'?W!4$X!$<X!=X.3$%&!=34.&!O,_3!^3!,W+2DxW!8-8&!)P!"/34!).\
!D#$-4!5!4,f!jV+!‰-4y/&!5+!5!R!8X$F#!=6*FQ!5,&!Df$/X!)+.'#!=3,S!+B!5+!"(!,V!5!R
!8-.W!=/%Q!^3!B$(!B4!U-.f!s60!,&!T(,V!"l#+M+!4.&!8#+.'#!7B$\!5L!DQ+!B5ˆ;3!5!+,F3
!5!R!8-.W!=/%Q!^3!B$(!B4!U-.f!s60!,&!T(,V!"l#+M+!4.&!8#+.'#!7B$\!5!L!DQ+!B5ˆ;3!5!R
!5+!].h!5!R!jSP!5!jS$0!R!DQ+!=X+4$p!+B!KB$'xW,V!"(!R!4B+4!7$Z#!D#$3+!5!='Q+B!)+B4
!5+!].h!5!R!jSP!5!jS$0!R!DQ+!=X+4$p!+B!KB$'xW,V!"(!R!4B+4!7$Z#!D#$3+!5!='Q+B!)+B4
!^*z-!=&!R!DEFX!5!^q&!"(,V!5L!=>%X!]$n&+!$-!=9x#!K$*m+!B4!4.&!8V+.f!=<lm
!"-$3!5!,N+5!s60!=&!"(!8*QB!=083!)+8&!"(!8QB!)P!58&!4BP!•6C!‹,;3!B4!+,3!R!•4${
!B4!=-+B!5!R!`S+B!$V5B+4!DN,;3!B4!='QB$<3!5!à+5!$E'60!Df$/X!B4!=C,*>&!5!R!j3$(
!O8hLkh$i!)8&!`-,?C!5!Tx#!k*(,C!D*x*(!…+B4+!B4!K,c$f!5!k-${!D_:$;3!t+.#+
!M+!K,E?&2!DxW!•"#.Z\2!"(!8#8*Q,p!g$whL!4,(!=F*Fc!K+B!5!K.04!R!+y9&!)$zC+!5!+8*p
!R!D60!5!5B+4!DN,;<&!B.E?3!R!D_:$;3!^<*&!B.(ˆ3!5!R!•~$m!4.&!=F*Fc!•+,0!K$V,EX
!).\!=34!5!`*93!O4!).\!='Q4!R!)+5+,N!D&,_C!5!B$*9&!"-$3!R!j3$(!`>#!5!j3$X!vNB
!)4.&B!5!kV+.3!^'Q+.fM$&B4!DQ5+!g4$0!"l#$/\!R!B$WM5BL!"*60!@+!=6{!,wf!O8h
!s?\!—-B8'&!5!R!4$'N+!uS+,C!B4!,>&!B.#!5!g+~!g.h!$C!4.<#!K4,&!DQ4!+B!5+!R!T-$x#
!5!R!4$E#!M$“P!kc!s60!K.04!5!DN$-!=:$f!"{,0!`h5!)+4$#!)P!5!L!8*#$&+.%&!U/*&!)$ES
!!L4$'N+!7+.N+!B4!)P!,(~
!j<m!)4$E#!]$m!B4!+B!5+!5!R!4.&!74+4!U-.f!74+M!B~+ˆ&!5!DX+4!K,'f4!,EX!)P!‰63!5
!).\!L!8*Q,e&!.l*#!—#B!D*x*(!M+!L!8#4B5P!,a$m!+B!$#+4!,*p!k*Fc!L!D?W!ž4$m!=_#B
!L8/#+.f!)+,E3+M!+B!)P!"(!4,(!gB$X+!K5B+8&!DN$-!‚.h5!O$<C!D60!,&!5!4./?&!1+.S
!!L8-M$9&!$<X!R!DQ+!•*;a!^3!s?\2DxW!L!Df$Q!8-$F&28/'xW
!U*p!+B!5+!‰63!L!s#+8#!^3!)P!k*(,C!5!D9/3!B$(2!DxW!5!83$*&!=083!)P!)$*3!^-+!B4
!DN,;3!5!s60!=&!5!DNB!B4!L!4BP!)5,*&!5B+4!’Jf+!5!45B!"#+yf!B4!"(!4.3,N!5!8#+.f
!D%*3$*&!’Jf+!,Z-4!,&!+B!)PR!!4$'N+!5+!DQ8&!jVJV!,VM!7,{!$wh!M+!L!DN,W!U*p!KB$(
!M+!='&,X!,'f4!M.Q!M+!‰63L!)4,(!s*69C!^-,*X!)$S!5!4.&!)$<V!)4B.fL4+4!,'f8&!5
!!LD?W!4,Q!]$m!B4!5!4B.%&!R!4+4!)+4$#!)+8&!5B+4!)P
!M+!=l-!L!4B+4!s*f5!DFh$0!DEF?&!j<0!5!D:$E_&!B$(!"(!8*#+8&!$C!O4B5P!)+8&!j„3!^-+!5
!5+!,*<a!†Ff!5!R!8*Q,p!8-$F#!O+.0!M+!5+!,l3!=Z#.Z\!"(!=9(!,CB+5+yQ2DxW!)+,a$m
!78-4!5+!gB.{!='XM!B4!g,*Q!Kª(!g$3J0!"(!D9'%&8&!^-+!R!44,Z#!"F'?3!ƒ+.f!,&
!+B!)P!T(!"<V!"(!R!)4,(!8-$&!,-,zC!•!D9*\!D3J0!)P2!"(!8*Q,p!=a$h!L!4.X!=3
!,C4,f!I\!M+!5+!DQ+B!s?\!"(!R!5,&+!74$?W,VŠ!"(!8/-.W!$<602!DxWLDf$/X!8#+.'#
!"Q!5+!O+8#+!M+!='F/3!,V!B4!5!R!4B+4!j*3!DQ+B!k#$_&!5+!=/*&!5R!!ŒK+4!rJ'f+!$&!8X$&
!uF/3!5!,l3!5!4$9N!u<_3!5+!…$p$#!g+~!R!8'N+!^*3M!K.Q!"?*<V!5+!,q#!5!R!8-5B!K.3
!!L!DQ+!4.S.3!K5!B4!g$3J0!^-+!5ŒL!8X$&!B8“!5!B._N
!1+.{!^*0!K4y-+!slm!5!R!DX+4!)+.C!D/V+83!5!j*3!)$<W!v-Jf!O$lm+B!42!DxW!"/34
!K4,(!4$-!"(!g$3J0!^-+!,W+!5!L!48/F#!gB.{!D6x“!5!$nf!5!D:M!5!.EQ!)+B4!5!DQ+
!Tp!R!4,(!)+.C!=3!+8S!jc$&!M+!+B!vm!)+8&!R!5!4.&!8#+.C!=3!•8{!j*:4!5!]80!^*;3
!g8<b3!KB$(.l*#!,&!"#!+B!T(!•*V!U*&!5!R!8#83P![B$N!D_m!M+!=#$;3!"<V!B4!)$*#$ES
!uN4!4.f!M+!+B!=#$;3!^-+!•.6%3!•*V!"(!+,-M!L!OM}!D&.z0!KB+4,(8&!,&!"#!5!8-P!kS+5
!^-+!^3!,W+!5!L!D?W!.b3!,X!jV+!¥+4$p!5!,*f!jV+!K+yS!slm!^-8&!Tp!L!4,(!8#+.'#
!)P!uN4!).\!5!R!8X$&!"'X+4!^-,&!+,3!g$3J0!^-+!R!@$&~.;#!R!O+!74,l&!8/-.Z*3!"(!B$(
!5!L!8#+!78X!78-,NP!,&+,&!^3!$&!$E#P!"(!R!O4,W!~.f$3!)P!D&.z;&!"(!8-$?#!8-$*#!)$l3+!B4
!8*6zC!5!jES!)$V,&!KB$&!.C!5!•44,W!uh+5!"#.Z\!)+8&!slm!4,(!)+.'#!M+,'m+!)+M+!).\
!O$Z/V!B4!"#!D6f+83!5!"S5!=&!U-$<#!O.Ex3$#!K+!"<6l&!5!K8*#+4,W!^X5B!U-.f
!!L='N,W
!=a$h!8/'xZ#!Ky*\!5!8#8*?(B4!O4!)+,a$m!,Z-4!4+8&!1+.S!"6<S!^-+,&!"/38&!).\
!!L8#4,&M$&!)+8#y&!+B!5+!$C!4.3,x&
!B._#B!"/34L4+4!OJ0+!"6*6(!g$N5!M+!5!83P!"/34!‰-4y/&!R!O$#!"&M5B!R!"6*6(!)+M+!='Q54!5
!1P!7›-4!7B+.N!M+!5!4B5P,&!=VP!]4!UCP!7B.(!M+!5R!!8X!,*b'3!5!s“,p!5!D?W!•Q$'3!5
!5!R!=38-54!58&!ž4+.m!B4!"(!`{$#!B4+,&!5!vx?3!DQ54!o-B42!DxW!5!8#+,&!B$9fB!,&
!)$(!5!)$'Q54!B+,Q+!—/W!5+!]4!5!R!4.&!5+!Db*>#!5!DzxX!5!D-5B!5!K+B!g$<E3!B4!7$/p
!!L!='?Z#!^l<3!tJc+!+B! ,\!5!='9F#!gB.{!‚.h5!)+,&!+B!B$WM5B!"(!R!)+B~+ˆ&!K$VM+B
!^-+!"(!='9#P!"#!,W+!5!•78-$N!"\!=-$/*&!5!)$S!M+!5!Dm+B!"\!=#$W8#M!B4!+,3!U*&
!!!=#B5!R!8'N+!=3!,FS!.C!g4.3!)$l<&!DF*>3
!!=3+!"'?(!)$-B+y&!+B!4.f!)./(+
!5+!g$N.&!"(!j6f!,V!5!R!DQ+!•8{!•6f!5!‹.0!D-+.N!"<V!M+!.C!K$z&!"(!@+8<b&!5
!74.&!"6n6(!"(!KB~B+ˆ&!)$<V!.C!+,3!M5,3+!5!L!4,-ˆp!…B+8C!.C!g$*b&!DQ+!78X!ž4$m
!5!='Q58&!+B!D&,_C!5!4,f!1$b{+!5!g5,3!1$&B+!=6(!5!L!s'?W!D/3!5!,lX!^*VB!R!DQ
!4.&!=<#+.C!)$-$X!+B!KB$(!5!R!K8-P!]$>m!=“+,N!^3!M+!=lX$(!L!DQ+!g$V$F3!.C!DFb{
!!L4B5P!K$_&!Dz*i5!’,X!5!8/'N,Z&!,Z-4!‰-!DQ4!L
!)P!5!K,*W,&!=_#B!,W+!R!DQ+!K+!"/*N4!"6*6(!5!^3!)+M+!K$S!)JN2!DxW!+B!5+!"/34!7$Z#P
!k*>#!"/34!L!4B5$*&!)P!5!DN,&!5+!)$?#!slm!,&!"&M5B!L!8X$&!KB.l?3!.C!=;Q!KB$*&!+B
!5!8X$&!‰63!U*p!"'Q.*p!"(!4.<#!D-${5!5!R!4+4!"-5M,&!"6*6(!">m!5!DN,W,&!U-.f
!M5B!$C!"'l#!)P!B$<*C!"&M5B!5!L!8#$V$WP!=3!+B!5+!8/(!=3!=<9/C!45B!K5!1$&!B4!"š#+M+
!"a,0!5!4,&!,*X!‰-4y/&!+,S$3!g$wh!O8z3!M5B!,Z-4!L!DX+4!=3!"/34!g$N5!D3$*h
!5!8#+.%&!+B!+,S$3!,*X!B4$3!).\L!8*F6n&!+B!B4$3!5!R!8*#+4,WM$&!+B!5+!5!8'9&!)P!,*XL4,(
!‰63!K+B!vN+.3!s#+B!DXB4!^%Q!,W+2!DxW!5!83P!1+,na+!B4!D?W!•h+5!)P!).<w3!,&
!1+.&+!,-,zC!B42!DxW!,*X!L!8#$3!j<E3!Db*>#!5!DzxX!k#$S!s-$<#!M,bC!,W+!5!R!8X$F#
!+B!)P!5!8/*?#!,C!].Fh!"\,V!jb3!B4!5+!^%Q!5!R!D9*#!’,X!DFh+,3!5!$&$b3!Db{$/3
!8/(!=<#!•,N!DQ+B!5![5B4!)$*3!‰632!DxW!L!8X$F#!DFQ$/3!5!k*QP!DEFX!5!DF-B!,&
!"(!4y*Z#+!K+!"/'N!8&$-!=3!D{,N!^-8&!"/34!5!L!8Q$/X!=<#!g,w3!M+!U-.f!D;x/3!5!R
!5!DQ$f,&!s?%&!5!,{$h!)P!=NJC!M+!5+!,*?<X!5R!!8-P!yS$0!)P!…B+8C!B4!‰63!K+B
!!LDN,&
!5!R!8/'9?/&!O$0!u<_3!B4!5!R!8#83P!sV+,N!g$wh!5!R!8#4B5P!)5,*&!+B!"/34!M5B!,Z-4
!O8z3!DxZ#!=/%Q!K5!vm!B4!=9(!).\!L!8*#+4,W!7M$C!]5+!M5B!j>N!)$<V!=a$h!8<';3
!)$/Z<V!K$E:4!8/V4!=3!KB$-!=X.3$%&!+,C!)+,a$m!"\!,W+2!DxW!5!4B5P!58&!K5B!g$wh
!^-+!)$*3!=#$W8#M!B4!D<{5!5!D<Q!^-+!$&!+,C!5!R!DQ+!"'N,W!B+,h!.C!,&!D#$*f!^-+!B4
!D&$#+!5!D&.'&!5!R!=/(!B+,h+!7$/Z&!"(!,C!v-}!)P!.C!]•3!5!]$m!‡J>&!5!•!78-$N!"\!"x-$c
!!!=VB!M$&!5!R!=#+4,W!s693!g,fP!D;FC!M+!+B!4.f
!!!)$C$Fc,h!)+,W!M+!=-.f!¥.f!,W+
!!=#$Fc,h!)+,W!M+!=-.f8&!,W5
!B$WM5B!"x*b{,&!)P!,(~!5!8-P!sV+,N!+,C!D6*wN!54!7$Z#+5!R!"/3!‡+,'93!5+!`-,'93
!5!–!$/N!B+4!,&!$z&!B+4!)4,(!B$*'f+!5!g,fP!KB$Z'QB!K+,&!D-$/_&!‚+,'0+!]5+2!8#$3!DF„3
!74.<#!"(!,-ˆp!]4!,-~$;3!t+.#+!5!DNB!"(!1+.S!5!]+.Q!^-8&!4.f!KB5P!)$&M!D*{!O54
!!L=3$#8&!B4!g$*m!M+!,'E&!=3$#!‰*#B!4!g$N5!"(!)+8&!Dz*zm!5!L!8X
!slm!^X5B!j*:4!5!,V$|!D_m!=&!)+,a$m!)./|!5!4.f!)$<Z&!+B!=a$h2!DxW!"/34
!uFc!5!DQ!74$'N+!DEFX!^-+!+B!$<X!,W+!y*#!5L$£*X!vb:+!^3!=/•-}!^q:+!)+!R!4,(!8-$?#
!‰X!K+,&!+B!4.f!^*z-!5Ls#+4!,'E&!4.f!B$(!B4!^3!,fP!DQ+!"'N,W!B+,h!^3!7$/W,&!"<V
!"(!DQ+B!$<X!"(!=/q&!5!L!8X$&!B54!D#$-4!5!K.zC!5!g5,3!5!4,f!M+!)›*#$X.p!)+,Z-4
!DxW!^-8/\!D9'NB!K8>h!^3!DES!M+!5+!).f!^'%-B!5!=F/S+!1$&B4!@$&!+~$*0!,Z3
!=;Q!=FS.3!=&!4.f!).f!B4!,W+!R!4,-ˆp!=3!g5$xC!"<V!K$V$z'0+!5!R!45B!=3!K.W
!5!R!+,3!g+~!"(!D9*#!vm!)P!^3!,&!+B!=C+~!•*V!"(!•!sX$&!B5ˆ;3!j-5$C!"š&!)+B4!O8#.*p
!1$&B4!s&$*#!D>fB!)+8&!g5,3!K5B!M+!5!O,<X!y-$S!k#$S+!M+!=9(!,'<(!vm!B4!"š#P
!,W+!5!4,(!8c$&!^-M+!"&!D9'b*>#!,W+!R!BˆWB4!^%Q!^-+M+!•!OB+4!+5B!"#.Z\!4.f
!!L)4.&!8#+.'#!)+8/34,f!D&$&!)4.<#!‹.f!)+B4!Db*wN!M+!Tp!D9';-8f
!"?*<V!"l#P!B4$#!5!L!DQ+!74.'Q!M+,'m+!)+B4!.EQ!5!$nf!M+!5!R!8X$&!slm!g$wh!].h!5
!KB$lN+yW!"i4$m!^-+B4!^3!='%&B.X!5!g+~!g5$zX!M+!R!K4.&!B$(!slb3!5!K.W!DQ+B
!4,_3!^|!5!‹,“!1$b{+!"-.<'&!5!R!K4$E#!.9l-!O$<C!’$*'m+!5!)$zC+!5!R!='N,W!DQ4,&
!!K4B5P!slm!K$w3$&!K5B!U-.f
!L!8*QB!)+4$#!)+8&!"(!8QB!)P!58&!4B+8#!‚.h5!)+B4!"(!KB$(B4!8V4!=V+.W!"(,V!5
!!2DxW!•!)P!DQ+!"#.Z\2!DxW!=a$h
!s*Q!.\!5!‹B$0!jW!).\R!!K5B!7$3!).\!DX+4!=#M!O$#!"-5B$E&!5!R!B.(ˆ3!4.&!=#$&M,3
!=C$(,m!5!sV+,N!=N+,c+!R!‚$x0!5!‡J{!D-$E#!5!]$<S!5!=-$F-M!5!^9m!D-$“!B4!^h~
!!]$<l&!•n:!5!B$*9&!`63!R!,-ˆp!]4
!8*X.(!B$*9&!R!4$'N+!K,q#!7B.'93!)+8&!+B!5+!LK4,(!KB+4M$&!5!DX+4!”$xm!=&!=3J“
!8/(!K8>h!5+!vm!B4!"(!DQ+.f!D?W!8*3.#!).\!L!4.</#!g$x':+!58&!"'F:+R!!8-P!DQ8&$C
!"(!Df.3$*&!)$?-M+!+B!=l-!5!8*F6c!=c.c!54!K4$*{!M+!L!48#.*p!=;Q!5+!‡$w'N+!B4!5!R
!KB$&!^3Š!"(!Df.3$*&!+B!K,Z-4!5!ŒL.#$&8(!$&!O8-4!"'xf!"S+.f!"3$S!B4!+B!)$&B4!^3Š
!=3!1+,X!)$&M,3!KM5B!$C!L8/'f.3$*&!"<6(!54!^-+!K+!"'xV!g83!B4!ŒL!s-.W!=<#!•*V
!D<6(!54!)P!g4$0!slb&!)$?-+L!4$E/&!5+!U*p!+B!)$“,3!5!83PB4!OJ“!R!O.h!B.wb&!4B.f
!gB.{!kQ$/C!5!M+5P!=X.%&!^l:!D9#+8#!)P!=/;3!)$&M,3!R!=%6&!)$&y&!8/'xW!=3
!!L8?(!,'E&!B$<*C!$C!4,eQ!)y&!+B!)$“,3!L4.<#!=3!M+y'V+
!)4B.f!O$;c!M+!).\!L!8#83P!)$&M,3!)$<E*3!A6&!jV+!M+!K+!"x-$c!DXˆW!^-,&!K8/šl-!5
!)$?-+!5!R!DQ+.%&!™xh!)$&M,3L8/'9?#!1+,X!T6_3!B4!DXˆW!^-,&!K8/šl-!5
!2K!B4!='0$Q!5!8#8/ZN+!U*p!B4!,Q!)$#$<E*3!L8/'xW!=3!"<6(!54!)P!4.E;3!g4$0,&
!DxW!L!8/-.W!=3!)$“,3!"š#P,&!4B+4!=N.h5!$C!8#4,(!]+.Q!+B!)$&M,3!,fPL!D9-,Z#!,Z-4
!O8zC!D:y/3!"(!)$*%6&!M+!=l-!L!DQ+!K$?W!]4!KM+5P!$3+!R!8/-.W!=3!"\!s#+4!=<#2
!sQB!$3!,EX!B42!"(!4,(!=CBˆ;3!5!R!8*?l&!1+,X!M+!DQ4!5!R!DxZ&!5+!$&!)P!=/;3!DX+4
!^32!"(!4+4!M+5P!OJ“!Da5$x3!^-+!K$/i+!B4!L!)4B.f!Ky*\!)$?-,p!)M!"#$f!B4!D9*#
!)M!L!8/?l&!+B!)M!$C!4+4!]$„3!5!R!8?&!K$S!M+!)$&M,3L!sV4!=3!=V+.W!5!O+!78-4!$VB$&!sV
!!2!DxW!5!4$'Q,N!5+!4y/&!=9(
!!O+.C!DQ4!B4!"(!s/'?l&!1$'?3
!"'%-B!=#.f!"(!"{$f!R!$VB$(!B4!D&,_C!5!4,f!1$b{+!5!R!8-$<#!.l*#!.-4!M+!D6_0
!D<0!5!75$<Q+!D6S!+B!KB$&!)$3,N!5!slm!5!R!8//*&!kS+5!DF„C!5!j3$C!R!8X!8V+.f
!M+!^3!B$(!…B+8C!5!L+./*F'N!$F/&!vQ$N!s(Ž$S!)+!+./3P!^-ˆ:+!$E-+!$-2!8#M$Q!O$3+!75$<;#
!"qb:!‰-!B4!sX$&!^'?(!kS.'93!,W+!D?W!O.6;3!]$m!gB.{!).\!5!R!DQ+!Ÿ-+,N
!M+!D<6(54!^-+!yS!)$“,3!"(!8/Q,p!A6&!jV+!M+!"(!B+83!o-B4!B8h!^-+!5L44,W![B$N!]4
!74,(!^*z6C!”$xm$#!^-+!+B!)$“,3!"(!=X$&!^z*'3!8/#+8#!,W+L8/#+4!=3!Ky*\!=%6&!D•:
!^-+!R!83P!j-$m!5+!‹,“!5!5+!)$*3!^3!D#$-4!5!R!8?#!$N5!^3!B4!5+!u<c!).\!"(R!!DQ
!).f!5!OB$(!7$/W!^3!"(!)+8&!DxW!8/#+.'&!=3!)$&M!)+8&!,Z-4!Ky*\!,W+!5!L!D%*3P!Y#B
!!L‡$F3!+,C!^3
!5!DX+ˆW5,N!5+!^'?(!L!DQ+,F3!)+M+!)M!"(!8X!B,z3!5!R!4B5P!K$_&!’$*'m+!’,X!)$&M,3
!DQ4B4!KM$&!R!DQ+!74,(!='38f!,Z3!"(!83PB4!7M$CL!8#4B5P!U*p!+B!B+4M$&!$C!4.3,x&
!DQ4!B4!"(!KM$&LO8-4!KBP2DxW!•O4,(!=3!B$(!^-+!^3!"(!K8-4!.C2"(!8*Q,p!)ML!"'N,W
!+B!78-4$#!"(!=<?\!K+yQ2DxW!)M2!DxW!)ML8/(,&!¥$E<?\!5!D9S!5+!K5B!,&!DX+4
!!4yQ!^*<V!"'<q0!D6S!B$W8-,NP!D<mB!5!]80!M+!5!R!D9/-+!4B+8/p!78-4
!!!='N+!4.f!"(!^l3!"\!='N+8&!"(!^l3!8&
!D;x/3!5!,*f!=&!$*#4!B4!)4.<#!=W,*\!D<EC!,&!"(!44,W!O.6;3!$C!O4B5P!)+8&!j„3!^-+!5
!!LDQ+!D;F'&!5!]$&5!$&!5
!•h+5!)+,&!).\!L!4.</&!+B!B4$3!L4$'Q,N!,*X!‰-4y/&!5!8/'?F#!K$S,&!].>N!^-+!=3$<C
!).;63!)P!"l'X+8#!7›-$N!^-M$?*&!B$(!^-+!B4!^3!O$<'V+L!+B!‰63!4$&!$z&2!DxW!D?W
!O$<C!‰63!K$VB$(!5!R!44,W!B.>z3!‰63!…JV!,&!5+!,l3!5!D6*m!M5,3+!5!L!8X!)$<W8&
!L!DX+4+5B!`{$#!)$3,Eh!5!™6%3!,-M5!vm!B4!"(!8X$&!g4$-M!)+M+!^-+!D;FC!5!R!8#+B.?&
!!L8*?(!=-$S,V!5!Ky*\,E&!"?-8#+!5!DN$-!s*q0!uh.3!,*X!]4!B4!^%Q!^-+
!L!8X$&!K+!"#$E&!"/34!^'?(!B4!+,3!)P!$C!R!K4./X!T(!O+8(!M+!K.WM$&2!DxW!+B!B4$3!Tp
!^'?l&!+,3!5!L!8X$&!74,?(!4$<'0+!^3!,&!"(!=9(!,Q!B$E|+!^3!,&!DQ+!B+.X42!DxW
!DQ+!y-y0!D;-45!jb<&!"(!KM+B!5!OB+4!+5B!1$lCB+!^-+!).\!R!44,Z#![.93!K4$X!"/34
!!!L!s-.WM$&!s&$-!g+yS+!,W+!R!s/(!tJn'Q+!T(!)P!M+!^l:!•!s#+4,W!¥$N
!5!D3+,(!1+.&+!5!`*X,C!5!D*&,C!t+.#+2!DxW!5!8#+.%&!+B!Y/6p!5!DN,&!,*X!‰-4y#!M+!5
!M+!.C!]$m!,&!)P!B$iP!5!R!DQ+!B,z3!8-$3,N!=3!5!DQ!74.3,N!.C!vm!B4!‰63!"(!k-,zC
!7$Z#+5L!4.&!8#+.'#!DS$m!=n9&!5!=&$/c+!"&!)+B4!5!R!,V$|!=&$-!=3!"(!B.E?3!g$SB4
!5!LKBP!)5,*&!g4$EX!^-+!78E0!M+!+B!4.f!5!KB+yZ&!5+!D<;#!vm!"(!.C!,&!D9FS+52!DxW
!‹,N!g5,3!jV+!R!=#$W8#M!5!•,3!]$m!B4!D_m!‡$w-+!B4!5+!D#.;3!5!R!O.6q3!g,>#!y*#
!D_m!D3$*h!M5B!8#+4,W!78*X.p!74,3!D_m!"(,V!"\!R!8Q$/X!^*;'3!‹,h!5!"S.'3
!!L!8*34!5,&!uF?3!=6>N!‘<#!^-+!M+!L!8/(!¥.3+,N!U-.f
!•.zm!M+!OB+4!‰63![+,N!5!$aB!"'0$9l-!K+8N!R!8X$&!)$S!B+yV!+,3!,W+2!DxW!Y/6p
!4.f!^3!5!L!sQ$/X!,>z3!+B!4.f!=W8/&!‰*#!O$lm+!B4!5!R!sX$&!74B+yZ#!=l-!5+!K$E'<;#
!!•s#+B!)$&M,&!Bˆ0!,(~!5!OBP!,lX!‹,;3!B4!+B!4.f!"(!OB+4!=(!jb3!5!D:y/3!)P
!!,lX!8-.W!"#.Z\!+B!)P!78/&
!!•,'9($f!DxW!"\!+B!"3!5!,E3
!DSB4!^-8&!"(!)./(+!5!R!DQ+!‰6F3!Oym!5!=#$<W8&!]$<(!g4$EX!^-+!M+!M,bC!k_3!5
!5!"6*6(!gB5$b3!7$Z#+5L!OBP!K$_&!8X$&!)$3,N!"š#P!5!O+BˆZ#5,N!+B!‰63!Db6>3!›*QB
!^-+!).\!L!4+8&!¥.S5!u<_3!B4!=V+.W!)P!5R!!DxZ&!,*X!U*p!4.&!74./X!"l#$/\!"/34
!4$'Q,N!T(!4.&!74./X!)$?-+!Da5$x3!TFm!B4!"(!,Z-4!44!)P!4$'N+!7+.N+!B4!^%Q
!"/34!5!"6*6(!)$*3!TFm!B4!"š#P!5!83P!,a$m!$C4+4!]$„3!,*X!L!OB+4!=V+.W!sV!^32"(
!!LDxW!M$&!g4$EX!"S5!,&!4.&!"'NB
!=';x/3!=&!^3!L!K8?#!D&$i!slm!7+.W!‰*&2DxW!•='xZ#!+,\!M5B!)$<V2!"(!8#8*Q,p!5M+
!,*X!L!D?W!"S.'3!"/34!,&!DQ$*Q!slm!g4$EX!54!^-8&!L!OB+8#!+5B!)+.*m!k-ˆ;C
!5!8-8?C!1+.&+!5!R!!DN,WM$&!5+!"<;c!5!R!DX+4!M$&!’$*'m$&!5!8/'9F&!+B!5+!$C!4.3,x&
!^*/\!=•&!O$S,N!5!,l3!DFh$0!5!L!4,<&!=Z/?C!5!=Z9#,W!+M!$C!8#4.<#!s-8zC!•*/;C
!!L8X$&
!!
!!
!!
!!=Fq:+5!¢$xb69:+5!1+,•:+5!~,_:+!5!˜h.n<:+!˜3$<b:+!1$&! !! !
!"#.Z\!)$'N!5!!D-$;Q!5!O$<#!k-,w'&!"(!g.Q4!54!j„3!O4./X!"(!+B!^<V,&!DxW!K+B
!5R!!8X!"'?(!7$/W!=&!=3.6q3!$C!)8*-+,W!D6C$z3!5!g5+8;&!5!8/'?W!8-y'93!,Z-4!‰-M+
!5!]$&5!M+!)P!kh+.0!5!R!8X$F#!…B$F3!"<Q+!y0!KB$&!K$/&!O8V!"(!R!4+8&!K5!4+4!B$WM5B
!K.WM$&!44,W!,9*3!,W+!)./(+L+B.>/3!)$(!"#+!j'x:+!=N!‚,9-!JN!L!8#$<#!=:$f!]$l#
!g+,<i!M+!t$'<'Q+!5!R!)$?-+!g$f+.3!‡$''N+!5!g}+.3!D*x*(!R!5!]4!‰-!)$'Q54!)$'Q+4
!!L!Dh4$>3!—-$'#!M+!KB+4B.f,&!5!D>:$%3
!‰-!)+B$-!"6&$z3!B4!5!R!8-$*#!™6%3!)$'Q54!"#M+.3!B4!Jz0!‰-4y#!y*š*V2DxW!^<V,&
!DFl#!g+,'N!B4!5!8X$&!uh.'3!)$?-M+!1.f!g,X$;3!Dm+B!O$-+B!4!"(!R!8/*?/#!]4
!!L,q'/3!)$?-+!DS!M+!•8>&!g,V$q3
!DQ+!"#.Z\2!"(!8*Q,p!K+BLDQ.VP!5!"f$&!5!¥.3!5![+M!5!,C.F(!D-$lm!R!^-+!]$„3+!M+!5
!!2DxW!•!)P
!5+!^*m$-B!Tl0!M+!"(!4.&!7y#!KB+y“,3!5!¥.f!K8*>'3!,*<?(!D*m$#!B4!"(!8#+!74B5P
!!!='9#$3![+M!,e&!d55$c!O4!5+!]$<S!U*p!B4!5!R!!K4.<#!d55$c!O4!).\![+M!,p
!!=“+,\!).\!K5!B4!":}!)$?NB4
!!=“+4!U#$S,&!5+!454!M+!‰*:5
!!74$'9-+!K$p!=l-!,&!v-$zX
!!74$&!O$S!4,3M! $X,&!.\
!='fB4!,&!)P!=:+.m!B4!=“+ML!,C+.'3!$_#P!)+4$*{!‚J'f+!5!R!B$*9&!KB$lX!K5!B4!5
!]$m8&!K4$*{!7$W$#!L!D9-,Z#!=3!DQ+B!5!I\!5!4.&!"'9?#LDX+4!"#$f!^?W!•By&
!4.f!$&!5!8*Q,'&!L!4$E#!DfB4!)+8&!K5B!R!DQ4!B4!=-$>0!5!)4,W,&!=:$S!R!"3$S!^?f
!T(!)+M+!$-!4B+4!^3!8>h!"(!D9#+4!)+.'#!5!R!!8-P!=3!"(!4$'N+!KB$(!+B!4,3!^-+2!DxW
!!L8/(!"\!$C!O,Z#!=3!5!OB+4!"Z#!K$S!KB$&!^3!R!,Z-4
!=3.h!R!4.&!='0$QLD9?#!^*<(B!4!R5!Df+8/*&!"Fm!R!5!8*?(M$&!]$S!R!5!83P!U*p!4$*{
!5!D0$c!B4!5!R!K8/'xW!"h.n3!+B!5+!"(!4.&!K,C.F(!)$?-+!,Q!5!R!8#8*Q,&!)+,C.F(
!O+4!B4!"6<S!5!8#83P!45,N!B+5!jN$“!8#8-8&!"#+4!"l#+8/\!L!K8/'X+ˆW!B$WM5B!5+!D05$n3
!5!L!4BP!‘Fa!B4!+B!)$?-+!$CL!4$'9-+!Y'&!)+M+,W!5!D?W!)$/34$X!4$*{!5!L!8#4$'N+
!D9*#!":4$_3!K$S2DxW!"h.n3L!8*X.(!=3!+B!4.f!‰-,V!5!8#4,(!=3!=&+,na+!)+,C.F(
!1+.{!=:$m!5!L!8/Q$/X!4+.f!™6%C!M+!,C!sE3!+B!)+B$-!ƒJ%'Q+!)$/Z<V!"(!8-$&!)$/\!R
!$3!U-$VB!"lN!!s-,*W,&!K$S!M+!O+4!$C!8*/(!=C.h!)5$;C!v-,n&!"6<S!"(!8X$&!)P
!=p!B4!4$*{!5!L!DN,W!U-.f,Q!5!8#8/(,&!O+4!5!8#4,l&!K5!)$3,N!)+,C.F(!L!D9#+B4
!)$?-+!,i+!,&2!"(!8*?-8#+!4.f!$&![+M!L!8/'x*&!5!8/#$3B4!,fP!"(!8*3+!)P!,&!R!4$'9-+!)$?-+
!s#+.'#!^<-+!";h+5!^-+!j„3!M+!^3!"(!R!8X$&!"\!)$?-+!B$(!O$S,N!"(!s#+4,W!O.6;3!5!O5,&
!!LDf$Q!)+.C!$EmJQ!ž4+.m!uN4!K+,&!gB$_C!M+!5!R!4.&
!$3!B$(!B4!K5B!7y*'Q!^-+2DxW!+B!)+B$-!DQ+!)$?-+!K$xh!B4!4$*{!"(!8-8&!).\!"h.n3!5
!$E*#+4$&P!K.Q!"(!D9#P!v-,c!L!4,*Z#,&!$3!M+!]4!s-.?#!+8*p$#!5+!s?\!M+!$C!5!R!DQ+!8_&
!^-+!B4!"(!R!44,WM$&!k-$f!5!8*3.#!5!!R!44,W!unz/3!$3!M+!5+!,q#!$C!s-5B!$E#$'9'fB4!5
!+B!5+!gB$X+!)+,C.F(!L!4,F&!$V8/&!^-+!$C!s-.Z&!+B!5+!R!^3!)$'Q54!M+!DQ+!=X.3!=l-4y#
!)$?-+!r,%3!"S5!$C!DNB!=3!)$/š<V![+M5!LD?WM$&!4$*{!5!8/'N$'&!7+B!5!8/'f$Q!O!$3+
!!L8#+4,W!U-.f!O$-+!g,*f~!)P!5!R!8/(!s?\!U*p
!5!8/'X+4!7$Z#!5+!)$3,N!L!8*-P!45,N!"(!4.3,N!+B!)+,C.F(!L!8*QB!¥.3!^l9<&!"h.n3!5
!4,Q!5!O,W!R!B$*9&!4,f!5!O$<C!K$V4!$&!R!!4.&!O$#!+,&M!+B!¥.3!)P!5L!8/'9?/&!"6<S
!M5B!7$Wy-,W!DES!M+!ua+.3!)P!B4!5!L74,(!g8V$?3!]+.m+!,X!5!,*f!5!78-4!B$WM5B
!5!D<lm!B.f+,N!)P!B$<*C!5!R!74$?W!7+B!K,Z-4B4!+B!‰-,V!5!"'f$Q! +B.Q!8{!"i4$m
!O$#!•D9*(2!"(!8*Q,p!+,&M!¤KP!)5,*&!2!"(!4+4!M+5P!"h.n3L"'X+8&!Db6>3!k9m,&
!!L83P!)5,*&!j*_;'&!5!Df$/?&!R!DxZ&
!K+2!DxW!58#+,&!$E-.S!B$9fB,&!5!4$?Z&!)$W8-4!1P!7M!8-4!"'9&!J&!8/&!B4!+B!5+!).\
!,X!5!,*f!t+.#+2!"(!4+4!1+.S!•!8/ZN+!"(!—#B!^-+!B4!+,C!R!vN+.3!v*NB!5!y-y0!DQ54
!R!8X$&!=#8-4!O$-+!‚J'f+,&!"/-+,V!D9'NB!=:M+!slm!B4!"\,V!5!R!DQ+!"'9&M$&!,-8z'&
!!48/F#!gB.{!M,bC!5!k/_C!)+M+
!s?\!B4!5!4,(!7.6S!^3!)+B$-!5!^3!,&!+B!"#+4!5R!!8*?(!"cB5!^-+!B4!=#$<QP!K$wh!+,3!5
!R!DX+8&!‰-B$C!1$_m!$E6z0!U*p!5!R!8*#$X.e&!+B!,>&!B.#!)P!B$F“$C!R!DQ+B$*&!"<V!]4!5
!,'?*&!D(.X!5!g.h!^3!M+!"(!=#$9(!5!L!s-4$'N+!J&!]$Z/\!5!D/b3!DQ4!B4!"6<S5!5
!^-+!]$„3+!5!R!DQ.*p!8/#+.C!=<#!D35$z3!K5$<Q!,-4$z3!$&!8#,'?*p!D:y/3!5!B8z&!5!8#B+4
!ƒ,h!44,W!=3!]M$#!=<lm!"(!7$W,V!5!L!8-$<#!=3!k*_0!5!k-,“!)$?-+!vm!B4!"i4$m
!=V$3!R!"'<6(!D60!5!"CB8h!gy0!R!KB$&!g4+B+!5L7$*Q!7$3!,l*p!5!4.X!=3!‰-B$C!8*XB.f
!"F6“!+B!)+4$#!"l#$/\R!!8?(!=3!Ÿ*wb&!+.V!r5+!M+!+B![,3!5!R!4BP!=3!M+,x&!1P!,;h!M+!+B
!!!L44,W!=3!j-$m!5+!k:$n3!5!$#+4!)$*3!8/(!=3
!2DxWL!4.&!"'9&!)+8&!"h.n3!"(4$'9-+!$V8/&!)8-,&!B4!45M!5!R!4./?&!].>N!^-+!¥.3
!)8-,&!M+!+8'&+!R!DQ54!K+2!DxW!L!4.</#!g$x':+!^%Q!^-8&!¥.3LK$?W!)+B$-!)+M+!D9%#
!DS$m!U-.f!Tx/&!+,C!,Z3!R!=/(!=3!B,l3!+B!†-8m!^-+2!DxW!L!,C!=:5+!1$b{+!8/&
!^-+!DQ$-B!^3!"(!4,(!8-$F#!D:J3!+,32!DxW!•!sQ$/X!=<#!=zm!4.f,&!+B!)P!5!8X$&!=<#
!)$?-+!).\!5!R!DQ+!78X!kS+5!=zm!^3!,&!K5B!)+M+!+B!)$?-+!5!R!O+!74,(!jxlC!)+,C.F(
!s'9_&!4$*{!DQ4!M+!)$?-+!g,V$q3!5!D#.;<&!5!R!8#4B+yZ&!Db{$/3!5!D0$n&!+,3!•.zm
!=3!5!L!8*#$QB!+4$&!+B!g4$*Q!kS+.3!5!R!83P!8-$&!)5,*&!g$9-B!OM+.:!78E0!M+!y*#!+,3!R
!R!8/#$<&!8/&B4!)$?-M+!=w;&!5!K.X!].63!=/(!M$“P!^3!K$V8z0!)4$?W!M+!,W+!"(!sQ,C
!5!R!K,<?#!y-$S!^3!k#$S!]$<V+!8X$&!78*QB!]$<l&!D:J3!"\,W+!sX$&!"'9&!^3!).\!5
!DzN+.3![+,N!Dh5!B4!DQ!74.&!D(,X!J&!O$Z/V!B4!y*#!5!R!=&$*#!D>fB!)+8&!,*<a!M+
!!L!8/&$-!D;*h5!]$_3!)$/0$c!}+!5R!!,C!=:5+
!5!78-8/9p!D6>f!^-8&!g4.3!1$&B+!g8*z0!5!R!D9/-+!D3,l3!jV+!g4$02!DxW!¥.3
!7$Z#+5!L!8-+yx*&!.C!8E0!O,l&!)$'Q54!Dzi!5!R!44,W!,C!=N${!.C!g}+.3!B4!74.'Q!g,*Q
!).\L!8/'?WM$&!^<-+!5!v6n3!U#+B$-!5!"h.n3!5!R!8-,F&!O$3!)$?-+!K$V8/&!DF“B!5!8_&
!5!KB4+,&!5!D>:$%3!5!='Q54!B4!4,(!g8V$?3!$V8/&!)8-,F&!¥.3!K,*W!DQ4![+M
!"#!5!4.&!s#+.'#!^<-+!4$'N+!+B!)+,C.F(!"š#P!M+!^32!DxW!4.f!$&!5!R!4.<#!DF“B!5+!Dh4$>3
!L!4,(!Y#$&!+B!5+!5!83P!¥.3! +B.Q!‰-4y#!L!=/•'93!783P!B$(!^*/\!^-+!='Q54!M+
!’,N!5!8E0!^9m,&!tJc+5!)+,C.F(!uF'C!]$m!5!–![+M!s/3!2!DxW!•!D9*(2!"(!8*Q,p
!.C!g5,3!B.N5!5!g.'N!]$<(!+,3!).\!2!DxW!7$Z#+5!R!8#+B!M$&!)$?-+!vm!4B!5+!KB+4$N5
!g$(,F&!5!R!4.&!$/E3!"#.Z\!)+,C.F(!vm!B4!.C!='Q54!g,<i!"(!s'9#+8&!5!R!D?W!O.6;3
!B.>z3!.C!='Q54,&!D<V!R!8/'N$-!ƒJf!"6<S!"\,&!j-$V!"cB5!)$/\!M+!.C!g$N$>3
!!LOBP!K$_&!)+B8#+!‡$''N+!’,X!$C!O83P!5!R!O8*#+4,W
!k6c!B4!O8h!)Jh$0!5!R!DQ+!45893!DFm$>3!v-,c!5!‰-B$C!D6{+.3!"S52!DxW!¥.3
!)$?-+!k#$S!$C!8//*F#!1+.{!8X$&!Bˆ;'3!7.S5!"<V!M+!)P!)83P!DQ8&!"(!)4$E#!Ky*\
!"\!L!8-$</#!1.*;3!D&,_C!1$&B+!s?\!B4!)$?-+!4,f!R!5!8#$3!).>3!jES!D<{5!M+
!^'?-.f!,&!8/(!KM$C!kQ+!$-B4!1P!K5B!,&!5!8#+B!=l?f!,&!='?(!"(!8V+.f!"(,V
!!!DQ+!B54!)+8/34,f!g,*Q!M+!"(!+,-M!L!8X$&!78-8/f
!!L^'X+4!)$&$*&!B4!='?(!5!,b&!B4!^(!B.W
!u<c!M+!yZ(,V+!5!O$C!"<;c!^3!"(!•!4.&!8#+.C!74$?W!j-5$C!"š&!DFb3!7+B!.C!5!^3!)$*3!5
!K+ˆ-+B4!+,3!"lN!U-!8/*&!.l*#!5!^(!t.SB!4.f!jz;&2!DxW![+M!L!D9-M!s#+.'#!^<-+!.C
!ž4+.m!B4!+,3!.C!g4.3!].>m!5!g+~!K$z&!5!R!K,*Q!"\!.C!)4B.f!M+!5!78-$N!"\!.C
!4y9#!g5,3!M+!5!L!4,3!K$p!"#$3M!k-+.#!B4!.C!uFc!•n:!5!8E0!O,(!5!R!,*W!DQ4!B$WM5B
!,&!4B!DQ4!5!=#+4,Z&!^3!M+!K5B!s/(!D?p!Tp!B54!7+B!.C!D&B$z3!k6c!B4!).\!"(
!4.f!,/V!5!L!4.<#!^<&!O$-+!¥4,W!.C!g,-,Q!=Wy*($p!5!g,*Q!^9m!"(!=E#!^3!"/*Q
!)+.'#!j-5$C!•*E&!"(!‰?3!s*9#!).\!R!45,#!g4$-M!U-$<#!"\!,W+!8#$<#!)$E/p!yW,V
!!!8#+4,W!,n;3!)$ES!5!8-.S!7+B!,fP!45B!8S!)P!^'X+4!B.'93!B4!8/\,V!5!8*#$X.p
!!J3,&!Tp!R!)8X!KB+.'3!v6f!M+!)+.C!8&
!!^'X+4!)$F-,W!B8#+!‰?3!5!DQ4B4!"6;?3
!B4!^-+!M+!8*3.#!+,3!5!KB+ˆW!u-$a!^3!g,_V!vm!"(!4B.%#!B4!.C!•Jf+!^Q$b3!B4!5
!,i+!)P!+B!=Z-$/<X4!•*V!DxW!¥.3!L!=/(!O5,b3!4.f!='Q54!^3$*3!M+!5!=#+4,WM$&
!5!R!8X$&!74$'N+!=Z-$/<X4!,Z-4!‰-!$&!+B!^C!54!).\!"(!+,-M+!+B!=C+~!g5+80!"(!D9*#
!vm+.6&!v&+.Q!5!"'Q.*p!sE&!)P!†-8m!5!s-8h!5!"'N$-!^l<C!k#$S!54!,V!M+!B$WM5,&
!O+8;#+!"&!)P!O80!5!R!48/F#!gB.{!)P!t$nz#+!)$?-+!^'?W!K,eQ!M+!U*p!R!78X!)5,z3
!"(!R!j*p!5!,*X!)+M+!"l#$/\!]5+!2!DQ+!t.#!54!,&!=Z-$/<X4!)P!5!L!8X$&!v6;'3!$EC+~
!g,>#!"(!R!4,-ˆp!sV,3!"(!4.&!8-$X!sV!^-+!5!R!8X$F#!^l<3!D&B$b3!=&!)$?-+!g$hJ3
!7$W!5!8&$-!,x|!,*X!7$W!R!"#!B.>z3!k#$S!‰-!,&!D<-yV!5!D9*#!B,z3!+B!k#$S!‰-!)+B4
!,fP!5!R!!8-$*#!)$l3+!B4!)P!u6h!"(!44,Z#!j{$'3!)$/\!T/S!^-+!5!L!8-P!M5,*p!j*p
!5!R!"&,W!5!¥.3!)+M+!"l#$/\!O!545!L!45B+!)$*3!B4!=#$X!"&,W!5!4,(!)+.C!K8/&!J&!D6*b&
!8>h!"(!=-$S!5!R!!DQ+!783$*#!74.'Q!yW,V!D63$_3!)+B4!"(!R!D9#P!,*“!5!¦+.*6“!5![+M
!"'XˆW!B4!+B!)P!k#$S!,Z-4!M+!"š#P!M+!=&!R!8X!O.6;3!k#$S!‰-M+!Tx#!u<c!5!)$S
!4.&!8#+.C!,-ˆp!]4!j-5$C!"š&!Db:$>3!R!8/(!gB.{!jFz'93!B4!$-!Df$/X!)+.C!K+!"z&$Q
!B$WM5B!¥4,W!"#!"(!R!,C!7M$C!M5B,V!5!8X$&!,C!K.h!1$&!^-+!"(!D9#+4!8-$F&!Dz*zb&!5!•
!"(!R!8*#+4,W!8#+.C!=V+5!+B!)P!78z0!M5B5!kX!‚J'f+!"#!5!8'Q!8#+.'&!+B!)P!g5+,c
!!!"S.'3!+B!,Z-4!D;x/3!5!Dm+B!5!DQ+!^*;'3!•Jc+,&!+B!k#$S!‰-!Dz?3!5!g,w3
!,W+!5!R!8_/Z#!sV5!B4!`6{!D?W!D&$i!4$'N+!,-,zC!^*/\!=z*zm!g5+80!"(!=-$S!5
!=F*0!M+!)+8&!)8X!"'x-,N!5!L!45B!M$&!j{+!B+,z&!5!869W!)P!O$q#!]$m!B4!45B!=x6lC
!=:$f!"\!,W+!1P!"(!R!44,Z#!slb'93!)P!4J/&!8*($'&!8/34,f!Dzi!yW,V!5!R!8#$<#!=:$f
!8-$*#!yS$0!)P!^'?(!M+!4.X!"'%-B!UCP,&!).\!)8#+4,Z&!s;c!5!K.&!$C!8#$<&!,-4!R!8#$<#
!jh$0!5!L!8-P!74,(!"6Q!^*'QP!M+!"(!"{$f!R!DQ+!B$3!DFm$>3!).\!^<X4!Db:$>3!5!L
!!•!4.&!8#+.C!•:+!).\!…,-M!^<X4!,&!+B
!5!O,l&!^l:!R!8X$F#!=:$f!8-+.N!M+!8-+M!D<lm!uF/3!M+!"(!=/%Q!)4./X2!DxW![+M
!B5$&!+,3!^%Q!5!K5,&!U-.f!D-,m!D*wh!,&!"(!,C!v-}!)P!g5,3!5!=34,3!5!g4$*Q
!D6{+.3!v-,c!$3!)$*3Š!"(!†-8m!^-+M+!5!=#+4,Z#!•By&!U-.f!]4!B4!B$(!^-+!5!R!KB+4
!5!L!8-P!"'9S!7+B!=*l*#!7,E&!"(!D9#P!D3,l3!’,X!"(!=#8&5!R!KBˆWB4!ŒLD9(.693$#
!R!44,W!unz/3!,-4!5!4,-ˆp!O$lb'Q+!45M!)$b6>3!5!B+,&+!$3!)$*3!='Q54!"(!8/-.W!$<lm
!5!)+89x3!)$*3!M$&!5!R!4.X!DQ+B!45M!5!8/lX!,-4R!!8//(!…$p!BM!M+!"(!K8#5P!).\!5
!yW,V!5!8/lX!45M!"(!^*:$xQ!8#5P!).\!R!8&$-!7+B!58&!B.'N!45M!44,W!8(.3!,-4!B+,X+
!DzxX!5!=-.S!]4!t+.#+!DN,;3!7M5B!‰-!5!B+8-4!"'0$9l-!"&!s-,(!5!R!4,-ê#!D3,3
!+B!s*£:!M$&!5!R!8#$QB!=Ze#$Z-!D-$E#!5!•n6F&!D-$•&!+B!KB~+ˆ&!5!='Q54!R!4B+4!kS+5
!"&.-!B4!,Z3!R!DX+4!)+.'#!s?\!DxcJ3!5M+!8X$&!8(.3!s-8h!DFb3!5!DFb{!"\,W+
!+B!B4!^-+!5!R!r$'b3!.C!='Q58&!^3!5!DQ+!,V$|!.C!O,(!B$iP!5!L!8X$&!s*&!d+,V!5!8*3+
!y-y0!U-.f!DFb>&!+,3!$C!s?š#!1+,X!5!O$;c!•*V!5!O4,Z#M$&!"'F:+!5!O+!"'N,W!OM}
!K+8'&+!B4!D;N+83!^-+!5!R!!OB+8-,f!)$_&!+,C!g$f+.3!5!g}+.3!2DxW!¥.3!L!=#+4,Z#
!sV.'&!5!R!sX$&!B5ˆ;3!U-.f!‰-4y/&!KB$&!^3!=?-8#+!KB8“!,W+!$C!O4,(!)+8&!^%Q
!"(!"{$f!R!j€$Q!u/3!^3!kVˆ3!B4!}+5Ls'N$-!4$/0!D9Q!5!4$*z:+!jEQ!+B!5+!"(!=-.Z#
!!!DQ+!B.qb3!R!8X$&!74,(!B$*'f+!t,FC!j*FQ,&!^3!='Q54
!5!=€P!+,b{!B4!"š#P!M+!8X$&!=3!u#$3!"\2!DxW![+ML4$'9*&! +B.Q!B4!,&!5!83P!)5,*&!Tp
!"(!7$W,V!$*#4!jV+!2!DxW!¥.3!•!DQ+!=h$&!='F-B!M./V!,Z3!•!=F6c!D9#+.3!^3!B+8-8&
!8-+.0!5!8-+.N!$C!R!8//(!DFb{!)P!K+8N!,*nf!K$E#$S!5!y-y0!K$E9x#!5!8/-.S!=3,b3
!)$'Q54!)$?-+!R!8#$3!=h$&!B$WM5B!"S5!,&!)P!^3$*3!5!g$(,&!5!44,W!j3$X!+B!)$?-+!)P
!Dh5!g$0+,3!5!]$m!g+M$_3!K+,&!DxcJ3!"(!"x-$c!)P!5!R!8/X$&!•8>&!)B+4+,&!5!vb&
!K+,&!"#+4!"(!8/#+4$*{!8/#$3!8/#$QB!D-$0,&!)+B8#+!K5$*#4!K$VB$(!`:$>3!5!8//*&!kS+5
!5+!"SB4!8/(!]ˆ&!Tx#!=9(!='Q54!B4!"(!,V!5L[,3!K,*Q!K+,&!"#!8//W+,p!U-.f!4.Q
!!!4B+4!+8N!]$3!"(!8X$&!)+M+,C!=:$0
!R!DQ+!=#$S!,nf!+,3!.C!$&!g$hJ3!5!g$f+.3!7+B!)4$?W!!g}+.3!].Fh!"(!8#$<#!78*X.p!5
!5!O+!"'?W!vi+5!.C!='Q58&!^<l:!L!K4$x*#!DF“B!^-+!yW,V!='9&!gB.{!=*#$<W8&!,W+!5
!‚$;a$&!+B!)P!^3!k#$S!M+!5!R!DQ+!"'XˆW!DEFX!jb3!M+!^3!Dh+8>3!K,bC!B4!.C!•8{
!K+B!5!R!DQ.C!,V.S!).\!^3!Dx:$%3!B4!)$?-+!,V.S!"(!8/#+B$c!+,C!$3+L!8X$&!=3!"6&$z3
!K8>h!8/*&!+,3!)$?-M+!=9(!"(!sQ,C!L!D9*#!.C!K+B!vN+.3!^3!D>:$%3!B4!)$?-+
!!!L!8?-8#+
!^<X4!)$/<X4!$&!5!R!DQ54!O4,3!)$'Q54!$&!"(!D9#P!)+B$-!g4.3!D3J02!DxW![+M
!8#+.C!T(!)P!^3!B$-!"(!DN$-!K8*($C!)$/S!.C!5!^3!)$*3!DFb3!d$Q+!M5,3+!5!L!8/X$&
!^3!‰-4y#!4B+8#!K,nf!5!L!8Q$/X!kS+5!.C!K$aB!k6c!5!4y*V,e&!.C!K+ˆ-+!M+!"(!4.&
!!"(!v-}!)P!4,3!s-+y;&!L!4,F&!.C!=Z-$/<X4!M+!"(!58&!]$>C+!5!48#.*e#!.C!$&!"l#P!M+!t$nz#+
!+B!54!,V!gB$X+!‰*&!8Q$/X!=NJf!R!8#+!]4!)$<S,C!5!^C!)$&8-4!"(!R!)$&M!5!s?\!M+!,W+
!!L!4B+8/p!Dm+B!^*0!8/*&!=_#B!=ES5!)P!M+!,W+!5!R!8#+4,W!jc$&
!!^<X4!$&!4.X!DQ54!,W!.CM!K.w0
!!)M!54!sfM!U(!54!o*C!4,<X!54!^<X4
!K.h!¥.3L!4BP,&!8/*&!¥.f$#!=V$*W!^*m$-B!)$*3!B4!,W+!"(!DQ+!sQB!+B!4$'Q+!)$F“$&!5
!!L!8/'?W!4$X!,Z-4!‰-!B+8-8&!5!4,V!5!R!8*Q,e&!O,W!+B![+M!5!83P!)5,*&!]4
!KB$*&!+B!)+8#M,N!5!jV+!5!R!!=/(!O$z3!K$S!^*<V!,W+2!DxW!¥.3!DXˆZ&!8/\!M5B!).\
!=-$S!5!4B+4!O$<C!DVy#!D;z&!^-+!5!L44,W!•0$w'3!g,šV!D/3!5!8'x*#!B54!D3,l3!M+
!^l:!L!OB+8#!=/%Q!ua.3!^-+!=X.f!B4!5!DQ+!^*/š<V!2!DxW![+M!L!DQ+!K$?W!]4
!jW!5!s9F'3!"N.lX,p!5+!‚+,c+!"(!K$S!)JN!DQ+!KB+y“,3!L!)+8;9:$(!}!5!=0,3
!!L)$&$C!7B$'Q,p!)$<QP!).\!5+!^*3M!5R!!DQ+!)+8/f
!!!DQ+!¥.W!j*p!5!s?\!5$W!U(!T&M
!!DQ+!¥5,N!,V.W!"F6(!).\!^<\
!^-+!y*#!5!L!4.X!"'N$-!B$*9&!=:+.m!)P!B4!^3!"<;c!5!R!4B+4!^c5!$_#P!^3!DQ54!"f$&!5
!s-5B!$_#P!=/(!DF“B!,W+!L!s*&$-!=F*QP!)$-BˆW!7+B!M+!7$W$#!R!DQ+!"'Q.*p!tB$?&!7$Z-$S
!!2!DxW!¥.3!L!s-B+ˆW!B$WM5B!^3+!5!k>fB4!5
!$_(!s/*F#!kS+5!DzN+.3!+,C!,W+!5!•!4.&!8#+.C!,&+,&!.C!gB5$_3!5!DFm$>3!,&!5MBP!O+8(
!R!B$*9&!k-$_0!)+B4!5!DQ+!M+B4!^3!">h!5!R!O+!783$*#!B$*'f+!ua.3!^-8&!5!•!O5B
!!L!s-.Z&!.C!$&!4.X!^*;'3!K,z'93!"l#+8/\
!R!!8-8&!B54!M+!+B!)$?-+!"f$&!8*QB!$_#P!).\L!4B5P!8>z<&!K5B!5!DN,Z&!¥.3!O4![+M
!Y'&!L!4+4!M+5P!+B!"f$&!5!4$E#!^*3y&!+.V!M+!"'9VP!+B!¥.3![+M!R!DNB!1P!B4!5!!8*Q,'&
!M+!U-.f!">h![+M!•!D9*\!]$m!5!=-P!=3!$_(!M+2!"(!8*Q,p!5!4,(!$E*WM$C!5!83P!)5,*&
!g8V$?3!)$?-+!ƒJ%'Q+!B4!¥.3!8E0!^9m!5!4.&!"'NB!)+,C.F(!,i+!,&!"(!Dqb:!)P
!D<-y0!7$Z#+5!R!74.&!$_l-!$VM5B!5!78X!8(.3!54,V!)$*3!Dx:+!80+.h!D:+4!)+8&!5R!!74,(
!D<-y0!5!$N5!•8{!5!4./?&!¥.3!]$m!).\!"f$&!L!8#+.f!5,&!R!78*#+4,W!s<>3!5+!gB$-M
!]$<(!5!$N5!•8{!5!4./?&!¥.3!]$m!).\!"f$&!L!8#+.f!5,&!R!78*#+4,W!s<>3!5+!gB$-M
!g5,3!]$<(!$3!D%&!g4$;Q2!DxW!5!8-4!kS+5!,C+y9&!"\,V!=F*m,C!Df$/?&!5+!g5,3
!D*m$#!^-8&!+,C!$3!D%&!g4$;Q2!DxW!5!8-4!kS+5!,C+y9&!"\,V!=F*m,C!Df$/?&!5+
!!!8*#+4,W!"'Q+BP!.C!g$x{!^Q$b3!5!g+~!OB$l<&!+B!)P!58*#$QB
!!]54!t$zF6:!5
!5!B$Ff+!)P!=/*&!,W+2!DxW!+B!¥.3R!!g$xcJ3!^-+!s-8zC!5!].>N!^-+!,-,zC!M+!Tp!R![+M
!.C!='Q54!B4!5+!D:y/3!"(!R!4./?&!sV!"f$&!$C!=-.WM$&!K4.&!4,(!7805!+,3!"(!g$-$lm
!!2!DxW!5!4$E#!M$“P!¥.3L!^3!)+M+!"(!D9#$/š<V
!M+!5!R!DX+8#!]$*0!8V+M!)P!5!LK8V+M!"-5+M!"-5+M!B4!4.&!g5B$3!,E?&!^3!8:.3!5!$?/3
!O$X!K+,&!=h$&!5!K4,&!B$l&!=w;&!R!!K8#4B5P!O$;c!"6Q!‰-!5+!K+,&!M5B!,V!K8-,3!"#$f
!5!=34B.%&!='9-$&!"l#+8/\!='NB!)5,*&!5+!).\!=34.&!=3!D{,N!8{,'3!^3!5!L!K4$E/&
!D%-5P!$V}$&!M+!"6Q!5!R!8*?-8#+!$E'6*m!5!R!8#$3!B4!8V+M!LDf+8#+!,Z-4!)$X.3!K.Q!=h$&
!!L!4,(!D9#+.'#!7$C.(!)+M+!^3!DQ4!5!4.F#!8*x3!"'F:+!R
!5!=-P!=3!$_(!M+2!"(!8*Q,p!8V+M!8/'f+4,e&!O$X!M+!).\!L!8*QB!=#$<E3!+B!5+!=FX!$C
!5!83PB4!L!78*?\!B$WM5B!4,Q!5!O,W!5!"'?W!)$ES!4.&!K4,3!5+!•!KB+4!=3!$_(!8>h
!,V!5+!Da5$x3!K$/i+!B4!8V+M!5!L!DxW!=3!M$&!DX+4!s?\!U*p!s:$0!k*S$0+!M+!"\,V
!=3!=/%Q2!DxW!5!8X!s?f!B4!)$<E*3!L!8#$3,&!+B!)$X.3!$C!4M!=3!sV,&!DQ4!D0$Q
!DxW!5!DQ+.f!Bˆ0!8V+M!•!=/(!=3!=W,%93!^3!$&!¤!=#M!=3!sV,&!DQ4!.C!5!s-.W
!B.N,&!sE/&!"\,V!R!8#+!78X!=:.'93!K,W$Fl-!"(!D9#$X.3!)8*#$3B!K+,&!^3!)4M!DQ42
!)$<E3!Lg!d+!,C,*:4!)$?-+!M+!=l-2!DxW!•!8#+!7,*\!"<V!2!"(!8*Q,p!)$<E3!L!8#4B.%&
!,fPŠ!"(!4.&!"'xW!4,3!)P!"(!4B+4!r+y3!)$<V!5+!D-$lm!5!L!8-$&!=FFQ!+B!5+!g+,S2!DxW
!8V+M!ŒL!8X5,x&!=3!,&+,&!DQ.p!$&!8_/l&!74,(!"'%&!8_/(!)M!^-+!"(!D9V!=FS.3
!!2DxW!•)P!DQ+!"#.Z\2!8*Q,p
!"3$S!^3!K+,&!s-8X![B$N!O$X!M+!).\LO83P!45,N!=-$/XP!"#$f!B4!,EX!)Jx&!=V$Z#$FX
!)$*3!"(!R!!4./X!s'9#+.C!=3!)$?-+!Da5$x3!5!DNB!)M!‰-4y/&!5!R!8#4,(!DQ+B!1+.f
!5!s#+.%&!+B!K+!"x-$c!+4,N!sV+.f!=32!"(!DxW!=3!+B!)ML4.&!1$_m!=-$-B.&!)$?-+!5!^3
!‚$x(!"#$f!B4!5!=#+.f!=3!"\!+B!)$34,32!DxW!)M!L!DQ+!78*QB!Ky-y0!"(!OM$Q!='N$*a
!8V+.%#!1$z0+!5!)+8#M,x&!.C!]4!5!8*?-8#+!=V+.%#!+4,N!M+!yW,V!,fP!¤!"#!4.S.3!]$*0
!!2!DxW!4,3!•!D9-,Z#
!B$f4+!5!u<S!"(!R!D9*#!’,X!D3+8#!)+8&!8X$&!=h$x#+!]$_3!5!)$9m+!v*N.C!,W+
!DQ+!"#.Z\2!"(!8*Q,p!)M!L!4.&!•,W!)+M+!"l#$/\!R!4.<b3$#!)P!O$S,N!5!R!D9(B$F3$#
!!2!DxW!•!)P
!B4!L!DNB!"#$f!K.Q!5!DN,W,&!5!8/Zx*&!K.VP!5!DNB!B$lX!KM5B!K4$*{!"(!8#+!74B5P
!5R!!4M!•.f!j'z3!,&!5!4$?Z&!,*C!4,3!5!R!4B5P!K+!"6<m!5!8X!B$E\!54!5+!$&!=W.f!7+B
!$_#P!"/Q,W!=W,W!L!8#8X!4,Q!K$S,&!54,V!5!L!Df+8#+!=<fM!=3,W!)P!B4!sV!•.f
!2!DxW!4.f!$&!5!R!45yN+!Dzi!D<;#!5!k>%&!5!8X!4$X!R!!8-8&!•.f!5!.VP!5!4,3R!!8*QB
!’$*'m+!5!Oym!M+!s-$<#!=:$<V+!,W+!"\!R!D9C,*f~!5!u<S!M5B!5!D{,N!DFh+,3!O$Z/V
!DQ+!,C!‰-4y#!)P!=:•3!5!=:$m!Db6><&!5!R!O4,W!1.9/3!D6x“!5!=#+4$/&!5!8X$&!B54
!5!D/b3!O$-+!K+,&!5!O,&!=_/(!B4!+B!7M$C!K$E'X.W!^-+!5!R!s#+BˆZ&!)$<(!7M$&!M5,3+!"(
!B4!R!D9_&!)$<(!K$EX.W!4,(!7M!)4B.f!M$“P!"l#+8/\!5!L!OM$Q!=_/W!Dz?3!B$WM5B
!!!L!8X!4,Q!K$S,&!5!R!4$'N+!•,W!)4,W
!DFh$0!5!D9(B$F3$#!B$f4+!5!u<S,&!)4.<#!ƒ,m!"(!=#+8&!$C!O4B5P!)+8&!j„3!^-+!5
!—#,&!5!8_/(!KB8h!"#$f!B4!5!L!=-.W!=3!DQ+B!L!@+!=60!•M,:+2!DxW!)M!L!4B+4!s*f5
!=V+.f!+,(,VL!8-P!j{$m!K+!"/E:!)+M+!+B!T(!DxV!UX!5!OM$9&!=3$;c!4+83$&!R!D9V
!)+B!=3!+B!)$“,32DxW!+B!K.X!5!4$E/&!1$'NP!B4!R!4,(!"'%&!+B!8_/(!)P!M5B!,Z-4L!)+.%&
!)$V4!)+8&!=ZQ!L!4.&B!B4!1+.f!+B!4,3L!Df+4,p!,Z-4!B$l&!4.f!5!R!4.X!‰?f!^-+!$C
!8_/(!$&!+B!)P!5!4,&!B+M$F&!L!='f$Q!=#4B.f!)!+M+!"(!DX+4!D*V+,(!R!8-8&!)M!L!4,(!M+B4
!)M!^-+2!DxW!K4,3!L!O4.&!]$m!8V$X!B+M$&!B4!^3!5!L!Df5,x&!t$>&!$0${!DQ.p!$&
!!LDQ.p!$&!8_/l&!74,(!"'%&!8_/(!8X5,N!=3!=FS.<&
!$C!k6c!K,FCL!4,(!8#+.C!=3!=-,*:8&!g.h!^-8/\!¥.3!^-+!"(!8-P!=3!]8&!^*<V!+,3!5
!=3!O+8h+!)P!g.z&!"(!D9V!KB$Eq'Q+!5!=C,*f~!+B!5+!"(!O,Z/&!5!s-$?Z&!5+! +B.Q
!=3!+,S$3!^-+!5!O4.&!,Z-4! +B.Q!B4!D0$Q!)P!^3!5!R!8#4B5$*&!,FC!]$m!B4L4.<#!8#+.C
!=3!)+,&!^l:!R!4.&!74$E#!T(!O+8(!"(!s'9#+8#!L!8&5!B$/-4!B+yV!^3! B+.Q!B4!5!L!O4./X
!=34,(!=34!$-!)+M+!"(!7$W,V!5R!!45yN+!=3!)+M+!^3!uFc!‡,N!5!]8-!4$X!5!=3!8*'6“
!DxW!+B!8V+M!5!DX+4,&!R!8*QB!By&!$C!DN$l?&!^*3M!)$<E3!L!='?W!,V$|!^3!B4!’$?#
!g,*m!j*:4!5!B$9l#+!5!•;a!,i+!5!O4./X!=3!^%Q!^-+!^3L8*QB!8#+.'#!‹,;C!)P!U*&2
!!L!4,(!D9-$&!jz#!U-.f! +B.Q!M+!gB5,w&!5!R!O8-4!=3!U-.f!g+~!B4!]+y%#+!5
!)$X.3!]4!B4!U-.f!D:y/3!’$nb#+!5!Tx#!gB$zm!"(!KB$WM5B!T&!R!DXˆZ#!5
!M+!B$(!5!R!!DN,-ˆp!Um$N!)$>z#!4.E;3!O+,(+!5!1$_-+!5!O+,'m+!5!,*h.C!5R!!s'f$/?&
!"6Q!,&!g4$0!)$<V!5!R!83P!)$*3!B4!"S5!=&!K$E<lbC!5R!!8*QB!‘69C!8b&!‘9FC!DSB4
!‰-$&!5!8#4,(!‹+,0+!^3!D;-$?3!5!D;&$'3!M+!4+8#!DQ4!).\!R!!8#4.<#!uh.C!^'9S
!^3!…,'&!"6<S!B4!ŒL8X!8V+.f!$3!8E;C!r$'b3!45M!D%Q!5!4.&!5+!B$(Š!8/'xW!,Z-4
!^3!Tx#!™z#!B4!5!8#4B5P!^3!k-$;3!,-,z'&!K5B!5!R!8/'Q.*p!^3!)$/<X8&!5!8/'xZ&
!!L8#8#+,#!)$&M!,&!=&.%&!^3!,(~!U*&!5!8/'f$Q!$E#$'Q+4
!+B!5+!4B+8#!]$3!"(!,V2!s'xW!4.f!$&!TpL"6V+!=60!)$V!":$3!jh!^3!"(!DQ+!B.E?3!j„3!5
!=&!D-5B!D#+MB!5!K+B!D#$'3!5!g4.3!B$E|+!5!R!8X$F#!B$-!5!B~+ˆ&!5!DQ54!5!uFC!5!jV+
!,W+!]$3!…8#+!DQ4!=EC!"(!D9#+4!)+5!=3!g$38z3!^-+!slb&!5!R!44,Z#!^l<3!]$3
!k6c!5!5MBP!…+B4+!M+!"/-+,V!5!R!8#$?/&!+B!5+!=?-5B4!8'9-+!KB$(!k6c!B4!"(!8V+.f
!"#!5!8*QB!8#+.C!$-B4!1•&!"#!R!44,W!y*\$#!$E-4+5+!B4!)$'9&$C!)+B$&!"l#$/\!R!8#$3!M$&!D<E#
!DQ+B!5!L!8#$Q,&!D<V!D-$E/&!"(!D9*#!K483!+B!5+!"\!R!DQ.*p!8#+.C!4,f!K$E-._&
!M+!4B+8#!=:$3!"(,V!R!4.X!d5B83!45M!5+!,(~!R!8X$&!k-,“!4B+8#!B~+ˆ&!"(,VŠ!"(!8#+!"'xW
!8/<'S$m!"(!7$W,V!"\ŒL!8Q,#!K4+,<&!g,fP!5!$n#4!B4R!!8#$3!7,E&!=&!jz0!5!K+B!78-$N
!R!8-P!4,W!^-5,p!).\!758#+!5!s“!r+.N+!5!R!8//W+,p!U;#!g$/&!).\!U#$'Q54!u<S!D?W
!!!44,W!B+.f4.f!)+,'E(!5!$&,h+!5!)+,h+!‰-4y/&!5
!!!DXB4!5!O,/&!4.&!B~+ˆ&!"#
!!D?p!sV!4.&!slX!K+,&!"(
!!.C!"X.C!7+,&!83P!s(!.\
!!.C!"X.W!7J(!B4!4,Z/#
!t5,?3$#!"S5!M+!KM5B!k6n&!4.X!,nw3!]$*0!"zx#!5!U-.f!g.h!kF9&!"(!8X$&!B$*9&!5
!5L¢,f}+!5!$*#8:+!,9f!L!8-P!j{$m!K8&+!g5$zX!5!44,W!g,fP!s*;#!1$_m!)P!D;FC!5!R
!,C!]$m!.l*#!8&$-!=3!=F*QP!k#$S!,V!M+!5!8-5B!)$'QB.X!B4!"(!DfB4!"(!8#+8&!Dz*zm
!8#+!"'xW!5!L!DQ+!B+.X4!B$(!DS$m!D:ˆ3!"(!R!8X$&!r$'b3!)$34,<&!"(!DQ+!=?-5B4!M+
!R!5!v6f!=Z-$/<X4!=0+4!5!R!$VJ&!j{+!=?-5!B4!5!Œ!L!d$/:+!^0!75$/•'Q+!jS,:+y02
!)8&!"(,V!5!R!DQ+!DNP!5!,X!u<_3!R!5!D*<m!5!B5M!78//(!j-+M!5!R!g5,3!5!O,X!78/-$&B
!!!L!4,*W,&!)$*3!M+!$*m!1$_m!"l#P!M+!8Q$/?#!7B$\!8#$3B4
!5!R!4,3ªe&!5+!]4!B4!K4$X!5!4.X!J'F3!+ˆ-$&!5!R44,W!‹.•F3!8-B8&!O,X!74,p!).\!5
!R!8'N+!uS+,C!B4!•Jc+,&!Dh+ˆm!5!œxm!5!DQ$*(!5!^V~!5!R!8#$X.e&!+B!4,f!s“!KJ*'Q+
!5!DQ+B!K+B!uN$/3!5!R!8-P!5,&!8/(!5!8-.W!"\,V!D?W!^b'<3!g$NP!^-8&!"(!T(!)P!5
!.N!!4BP!D<EC!‹,;3!B4!K4,<X!^*3+!+B!5+!"(,V!5!R!8X$&!B$w3!K5!vm!B4!DQB4!,*&8C
!5!='<6(,V!5!R!8X$&!~.f$3!)+,Z-4!7$/Z&!5!R!44,W!d.l;3!K5!B4!)$'Q54!‰*#!K$E#$<W
!v<m,&!8X$&!,*:4!U-5B4!,W+2!DQ+!UV.l#!+B!=?-5B4!DQ+!‡83!+B!K,Z#+.C!"(!=CB$F0
!8X.(!s6m!B$E|+!B4!,W+!5!R!4.X!1.9/3!,-ˆFC!5!‚+,Q$&!4MB5!g5$%Q!,W+!5!R!8'N+!j<m
!,W+!5!R!8-$<#!Dm$>N!5!KB5+!)$&M!,W+!5R!!8-$<#!jV$(!8-+,W!B$h.&!,W5!R!8#,<X!•;a!+B!)P
!!!8/#+.f!sbx3!4y-,W!=X.3$f!^3$<&!,W!5!R!8//(!O$#!K.WB$*9&!8-$<#!Dm$>N!5!KB5P!)$&M
!$V4¦+!)$V4B4!DQ4!"\!R!DQ+!,'X.f!)$34,3!]+.Q!5!=?-5B4!M+!]$m!"<E&!•,3!5
!8#+!"'xW!5!L!j*%&!5!s*£:!]+.Q!M+!,C!^#$Q+!s-,(!,&!)4.&B!"<z:!"/Q,W!,*XM.p!M+!5!L!)4,(
!]$*f!gB$-M!,&!]${5!"(!=h+,x&!$-!R!8X$F#!Db{!8*3+!"(!8#$3B4!=*#+.C$/&!=9(!,W+Š
!$-!R!$*E3!O$z3!1$FQ+!"#!5!DQ+!slb'93!)83P!M$&!8*3+!"#!"(!=*F-,“!$-!R!4.X!B.>z3
!!Œ!L!Dm+B!^*0!DQ+!•,3!Dz*zm!5+!=#$W8#M!R!8?(!]+.9&!"(!=*'Q4!Y/C
!B+,na+!’,N!5!8-P!=3!u#$3!r$*'m+!5!y_0!B$E|+!M+!g5,3!5!O,X!"(!8X$&!B$*9&!5
!DQ+!74.&!M,'b3!)+M+!,<0!"<V!"\,W+!R!!8/(!M+B4!)$34,3!]$<&!DQ4!$C!R!‹,b3!D#$*f,&
!Dm$>N!M+!,C!=:5+!=#$NM!8/(!D<Q!5!R![5B4!)$*&!M+!,'E&!=Z/W!D<{5Š!8/-.W!$<60!5L
!!ŒLO,m!k9(!M+!K,Z#+.C!y0!M+!,C.l*#!=?-5B4!D:ˆ3!5!R!Ubx&
!B4!8V+M!"(!O8-4!=3!^3!8#4,(!D<9h!)$<E3!5!8V+M!5!8/'X+4,&! +B.Q!M+!BM!).S!5
!M+!=w;&!,Z3!L!OBPM$&!)+M+!Ky*\!"(!s'9&!B4!u<c!L!4$E/&!^*:$&,-M!5!D%-B!K+!"n-,f
!L!8//(!j*3!^3!DFb{!5!='Q54!"&!M$&!B~+ˆ&!5!)$'Q54!5!4.X!M$&!j{+!B+,z&!^3!g.h
!)$?(!K$p!)P!—#B!M+!L!4M!^3!,&!=&.\!4.&!B+8*&!)$<E3!L!O4,(!)P!8>h!Dx%&!).\
!5!D%*Z#+,&M$&!+,3!MP!)P!L!8*3+B$*&!4B4!$C!O4,(!=xh.C!5!s'NB! +B.Q!B4!sl?&!5!s'?WM$&
!K$p!M+!"l#$/\!4M!^3!…B$C!,&!=&.\!R!4.&!8{,'3!4.f!)$<E3L!O83P!)5,*&!,Z-4!B$&
!!2s'xW!4.f!$&!5!s'NB!M$&! +B.9&!$C!D9-$&!D6*m!B$*9&L4$'x*&!¥.V83!5!O83PB4
!•;a!5!Tx#!—#B!.N!!8*#+4,W!Ÿ•F3!^3!,&!$*#4!K$E:$3!"<V!$E<fM!"<V!)P!4B4!Dz*zb&!5
!)P!M.Q!,W5!R!83+B$*&!7.(!).\!8/E#! ,\!D?p,&!)P!j<m!,W+!"(!8*QB!='SB8&!^3!]4
!!44,Z&! ,\!).\!8'N+!7.(!B4
!=6(!5!R!DQ+!u<c!$E'NP!"<V!Y/VP!U*p!5!$VJ&!"<V!"38z3!"(!8X!B,z3!+,3!"6<S!B4!5
!R!!8#+4,W!=3!"'N,W!)$/0!+B!)$?-+!ƒ,m!"(R!!DQ+!D-$E#!=&!)+8&!s:$0!jV+!D;FC!5!—#B
!5!,wm!D#5.3!5!,nf!5!].V!t+.#+!5!L!8?(!=3!k#$S,E&!4,f!…4.(!+B!74$3!,'X+!"l#$/\
!5L=%Q,&!]$3!ŸFh!K+,&!)4,(!M+B4!DQ4!"(!,C!)$QP!™-,m!,&!"#$Z#+4!K+,&!,xQ!Dz?3
!78<0!5!K,Z#+.C!j{+!D0$/h!B4!g,&$>3!^9m!5!$wz&!$aB!"(!D9#+4!)+.C!=3!D&,_'&
!!L!DQ!$-B5,Q
!!.X!D0$/h!K+,b>&!8-$&!=<V!DVy#!g,W
!!$&!B4$&!5!)+.f!B4!)+.f!5!DQ+![$&!B4![$&!$_#P!"(
!•*V!5!R!DQ+B!,*&8C!).\!s60!•*V!5!ŒLO.z:+!`X!‰F*>#!‰*xl-Š!8#+!"'xW!$<lm!5
!•*V!5!R!=-.f!¥.f!).\!k9m!•*V!5!R!O+,m!k9(!M+!)4.&!M$&!).\!KB$Wy*V,p
!!!L!D9*#!D0$/h!).\!K,Z#+.C
!!=;<n*&!"&!yS!"'9X!4.?#
!!B$0!"3$#4$?W!K$E?z#
!^l<3!)4.<#!=;Q!)P!uN4!B4!"(!D9#P!4.X!74,(!,F{!)+B4!"(!='/b3!,CB+5+yQ!5
!$&!$Q+.3!='Q54!"-$3,Q!5!R!DQ+!DzxX!5!D<mB!$E*-.l*#!,'WBy&Š!8#+!"'xW!5!L!8X$F#
!B$(!5!ŒL)P!k6c!t$/'3$&!uFc!Dm$<Q!5!=#4.&$#!M+!=#4.&!^'f$/X!jz0!j{+!5!R!1$b{+
!!L!s'?W!=a+B!=#$<QP!,-8z'&!5!O8X!u#$h!"(!8*QB!='SB8&!—-B8'&!^3
!)$?-,p!8#+.'#!4$&!yS!+B!…$f!!!!!!!!!!!!!!!!‰#P,E&§!K4,W!u<S!$C!,QM!^(!)5,*&!4$&
!!!^/'X+4
!5+!DFb35§!DX+4!='Q54!^3!$&!K,C.F(!5L!O4,(!jz#!+,b{!)+8&!8V+M!"#$f!M+!gB5,a5
!.C!j-$<X!s*9#!5§!DxW!M$&!.C!g5,3!5!•n:!]$m!^3!$&![+M!7$Z#P§!8X![+M!g4.3!K$</VB
!gB$-M!5!Dh+8{!=a$z'3!5!†b'93!.C!OB$l3!,(~!5§!8*QB!^<&!5+!Da5$x3!)$'Q.&!M+
!!!gB.{!g8V$?<&!"(!8-P!j{$m!='Q54!)$<V!Dx{!D-$lb&!"(§!D?W
!!!$#$*m+!^*;:+!jFh!v?;C!)~}+5!!!!!"zX$0!=b:+!Ÿ;F:!=#~+!O.h$-
!.C!g$hJ3!g4$;9&!5!s-$*&!5+!DzN+.<&!s'Q+.f!§!83P!=3!.C!‰-4y/&!5+!Dh5!^-+!B4!5
!•*V!$*#4!B4!5!§!DQ+!k;{!KB$(!=€$E/C!"(!§!sVB!M$&!D&,0!D?m5!M+!5!sF6c!='9#+.3
!•*V!$*#4!B4!5!§!DQ+!k;{!KB$(!=€$E/C!"(§!sVB!M$&!D&,“!D?m5!M+!5!sF6c!='9#+.3
!,V!§!D9#+,W!KB$&!DhB$x3!—#B!5!–!4.&!8#+.'#!)$'Q54!D9:$_3!5!DFb{!).\!K4$X
!)+M+!T(!,V!"(!DQ!78#B+.W!='&,X!D6{+.3!•5~!5!–!8X$F#!)P!j<bC!Dh$c!+B!Tx#
!!!8F*l?#
!!!1$Fm}+!u3!"*Sy-!)$(!$3!!!!!!!!!!!!!!!!"Fm+!5!='x:+!O$-+!ˆ:+5
!4.&!8-$&!8/Q,f!‚$xl&!$*#4!^-+!O$nm!M+!+B!jh$0!"(!44,W!=3!^X5B!1B$_C!^-+!slb&!5
!5!=C.h!§!D9(8#+!‰*#!)P!5§!D?W!u#$h!8#$<#!5,N!=#$9x#!g$S$m!"(!B8h!)+8&!5§
!)+8&!—-+.m!"(!8X$&!^*<V!78-$N!8/?%&!+B!$*#4!‰-!"6<S!$*#4!"<V!,W+!"\§!=/l93
!s?\!gˆ:!5!]4!g.EX!)$<V!j<_C!5!D<;#!t+.#+!M+!4BˆZ&!)+M+!"\!,V!5!§!44,W!t.N83
!5!='Q58&!5!O83P!.C!B+.S!B4!)./(+!^3L!4.&!8#+.C!D(,X!)+B4!+B!)$Z#$Z*&!5!§!8#$3!=h$&
!!L!8X$&!^*<V!.C!,*<a!B4!^3!D:y/3!"(!OB+4!=3!s?\!5!s-$<#!=3!g$V$F3!.C!!KB~+ˆ&
!+B!5+!¥$b*'Q+!5!§!4+4!•n:!$&!K$E&+.S!+B!5+!"f$&!Df+4,e&!].>N!^-+!K+4+!M+!¥.3!).\
!!2DxW!5!8*#+4,W!]8&!D9#+.<&
!!!B+,m}+!jz*{!5!O$£6:+!+8{!!!!!!!!!!!!!!!!$E#$N!g$F€$/:+!B4!@
!5!=Z#+4,3!j*:4!g+B$X+!^-8&!5!§!4.&!.l*#!5!"'Q+BP!='xW!"\!,V!5!O4./X!.C!^%Q!5
!=($/<“!).\!D&,“!^-+!kF9&!+B.C!^l*:L!8X!^X5B!.C!D-,m!5!=W4+MP!)$V,&!5!g5,3
!B+4,l&!"(!8V4!]$<S!7$Z#P!.l*#!B$'xW!"(!§!=V8#!K$S!7,c$f!B4!+B!)P!$C!B$E#M!§!s/*&!=3
!8#$3!,E&!=&!s60!78-$N!M+!45,#!)+,&!,W+!Df$/?&!D_:$;3!"S5!).\!B$<*&!5L!48#.*p!74.'Q
!!!4.F#!…$/<“!]$3!=(8#$&!5!§!DN,W!t$x'#+!jz0!g+,<i!M+!5!DX+4!8-$&!B$(!B4!+B!4.f!s60–
!!!4$9x:+!u3!,*„l:+!=zF-!}!5!!!!!!!!!!!!!vF*N!"b6>C!]$<:+!j*6h
!).\!§!4B+ˆW!B$WM5B!y-y0!5!=3+,W!"?*<V!8X$&!D0$w&!…8#+!"\!,W+!g5,3!km${!5
!M$&!5!4.X!78-4!•58/{!B4!5!"'9&!"\!,W+!4,-ê#!)$>z#!5+!D&$E3!K$S!"<V!B4!"(!,*X
!]$%6f!5!•.n&!"\!,W+!8X$&!B+.f!K$S!"<E&!"(!YQ!).\!§!8-$<#!j*:~!D<V!,{$h!,Z#+.C
!!L!44,W!"'Q+BP!u{,3
!!^*WB$p!s#M!)+.*m!"<?\!!!!!!!!!!4.f8#+4!"(!D9#+B4!‰*#
!5L!8X$&!,Eq'93!4.f!jz;&!$_(,V!jh$0!"(!§!"/3!)M5!^-8/\!4.f!]4!B4!+B!D&,“!^-+
!]$hL!D9*#!,F{!B.-M!).\!D/b3!M5B!B4!"-+,*p!•*V!5!§!D9FS+5!1+.&+!"<V!B4!,lX
!8-$&!,F{L-!,(+~!k6h!5!,&${!)8&!5!,($X!)$9:!)$9#}+!=n0+!$3!,*f¬!"*60!@+!=6{!=F/:+
!,*f!4.N5!8X!74B5P!K$_&!1$&!^-+!"(!7$W!,V!"\!§!8*X.(!,(+~!k6h!8V$;C!B4!5!4,(
!='9p!1P!"l#$/\!§!8'9-+!.C!k6c!B4!DnF“!5!=3$(4$X!r+.N+!5!§!4BP!.'&!K5B!g4$;Q5
!8-+,Z#!44,'3!jV$l&!yW,V!5!–!D9C,*>&!1$b{+!k*>#!j-$wN!O$9h+!"(§!1P!‘&!5!8-.S
!=€.W!"š#+8&!¥$F3!…$#!758#+!5L!)+.C$#!,*p!M+!vFX!)+.S!)M!"(!4y-,W!)$/š<V!K5!M+!5
!=€.W!).\§!8X$&!B+4!K$p$#!$*#4!t$'3!=3$<C!5!]$3!"(–!4$'N+!"h,xC!‹,;3!B4!5!s'X+4!=:$3
!!!=6b3!+B!)83P!45,N!"#!5!4$E#!)+.C!=#M5!!+B!5+!^'NB!,&!"#!8-P!"'f+8#+!+.V!B4!"(
!!$*N}+!jz/C!Ê3!$-+!!!!!!!!!!KB.:+!=N!jz/C!]545~!,V8:+5
!U-$'Q!5!)$#M!v?0!5!B+,X+!='Q54!5,&+!"-$Q2!D9*#!g$Fi!+B!y*\!8/\¬!8#+!"'xW!$<60!5
!s“!)P!=(8#+!"&!5!8/(!K4$X!]$3!KB$*9F&!"(!8/34,f!M+!4y9#!5L-!B$*9&!]$3!5![5B4
!8#+4,W!,f83!‰*#!B+4,(!5!4BP!DQ8&!K,/V!)+8&!"(!4,<X!+B!)P!4.f!]$3!8-$&!5§!4B.f
!¥4,W!5!B$WM5B!ž4+.m!5§!8'Q!)+.'#!=9(!M+!t.#!54!,V!^-+!"(!DQ+!slb'93!Dzi!"\§
!yS!•,3!"(§!DQ+!g$<E3!M+!g,fP!"X.C!^'X+4!$*E3!y*#!5L!4.&!8#+.'#!j<0!)+B4!+B! ,\
!!!D9*#!O.6;3!=C83!5!^*;3!='6E3!)+B4!+B!T(!•*V!5!8-$F#!7$W$#
!5!,%N!7+B!8/&!,&!5!)M!=Fz0!B4!DQ4!!!!!!!!!!!!!!!!!Y/#!5!O$#!s?\! M54!,&!5!"#!$*#4!,&!K$p
!!!B$0
!=Q$/?&!.l*#!B$w3!M+!+B!U-.f!uN$/3!5!KM$*#!=&!^3!Dq0.3!M+!.C!"(!8#$<#!78*X.p!5
!•.zm!5!OB+4!DS+5!=#.;3!74.'Q!g+4$0!5!78-8/9p!•Jf+!,&!+,C!"(!s'Q+.f!^l:§
!M+!44,W!^l<3!$Q+.3!"š#P!B4!5!=€$3!B~+ˆ&!M5,3+!.C!5L!OB+yZ&!)+8&!.C!g,_V!5!='Q54
!!L!D9:5ˆF3!+,C!7.S5!"<V
!5!+,3!K4,(4$X2!DxW!+B!5+5§!4$'9-+!7M$C!4./?&!¥.3!1$&!B4!"f$&!DxcJ3![+M!).\
!"\§!KM!O,f!5!4$X!5!4M$/&!U-.f!OB$l<&!sV!.C!5L!DQ+!4.E;3!^-+!.C!k#$S!M+!"?*<V
!Dh5!,E&!5§!8X$&!8E<3!+B!)$'Q54!5+!k#$S!"(!DQ5+!‡$*CB+!5!g,9<&!=9(!B+5+yQ
!K$VB4!5+!5§!8#B+ˆW!B$WM5B!5+!D-$<m!5!O$<'V+!5!D-$0B!5!DzxX!B4!)+B4+,&!M+!='0$<S
!)$?-+!DS$m!K$wh!5!d$<':+!D&$S+!B4!5§!4B+4!74$?W!)$?-,&!+B!D63$_3!5!D3,l3
!s(!B$*f!"(!8-$3,N!=3!gB$F0!=/;3!^-+!M+!g.F#!)$&M!5–!8/*&!kS+5!B$?F'Q+!5!M+y'V+
!!L!).x:.-!5!).x:$-!^-ˆ:+!$N$/(+!)5.c.<:+!$hJf+!sl/Q$m+
!yS!8#$<&!1Jf!B4!,W+!j*p!"l#$/\!§!4.&!8/#+.C!O+,(!5+!,*W!DQ4!8-P!,Q!B4!=<-,(!,W+!5
!.l*#!,(~!5!8X.(!‚,X!k9(!B4!"?*<V!jh$0!5L!4B5P!8/#+.'#!)5,*&!$_#P!M+!+B!5+!)J*p
!!"'f5,N!B$*9&!=(8#+!5!8X$&!78-,f!=#$x&!+B!=h$&
!!`&,6:!=#4+!8<b:+!Ž+,'X+!!!!!!!!!!";*&!=6“!$&!8<b:+!K,'?-
!4.X!"'N$-!B$*9&!"'?W!^<-+!)$-B$E/-M!5+!‰-4y#!"(!4.&!8#+.C!T(!)P!v-Jf!4.9b3!5
!5+!8X$F#!D(,X!+B!)$S$'b3!5+!D<;#!B4!"(!,V!5L!8-P!78-4!)+5+,N,(!$X!)J-$Q!5+!B4!,&!5§
!5+!O$#!4B+ˆW!v6f!=Z-$/<X4!5!=3$#8&!B4!g$*m!"l#P!5§!44,Z#!458;3!)+,Z#+.C!7,3M!B4
!!L!8-$*#,&!)$W8#M!"6<S!B4
!8X$&!=F:$c!+B!5+!"(!8#4,&!)$<WL!8X!+8*p!)+54!K.VP!B54!M+!"(!4.&!^%Q!^-+!B4![+M
!8*QB!1P!)+,l&!.VPL!DNB! +B.Q!B4!¥.3!5!8-,p!DfB4!,&![+M!5!D9S!1P!B4!"f$&L
!5!DNB!+.V!B4!4,(!g8V$?3!]$m!^-+!).\![+ML!4$'9*&!=#$Q+,V!).\§!4B.f!=(8#+§
!M+5P!+B!"f$&L!8-8#!+B!=9(!Df+8#+!s?\!k#$S!,E&L!D9V!=9(!5+!,i+!,&!"(!D9-,Z/&
!!L!D?W!,a$m!sV!¥.3!5!83P!)5,*&!1P!M+!$C!4+4
!K+!"/?C!,W+2!DxW§!4B.f!=<#!5!D9-,Z#!=3!1P!B4!5§!8-8&!.VP!d+,V!).\!"f$&!Tp
!O$<C!k*m,C!+B!5+!"f$&L!DNB!,'?*p!.VPL!D9*#!=N.f!•*V!"(§!B+83!…$&!5!4B.f!1P
!=34.&!$V+,b{!^-+!B4!^32!DxW•!=€P!=3!$_(!M+!5!D9*\!]$m2!"(!8*Q,p!5!DX+4!kS+5
!D9&!gB.{!O8-4!+B!K,*p!M5,3+!5L!8#8#+B!=3!=F#$_&!=F#$S!M+!+,3!)+M+8#+!,*C!Dh5!,E&!5
!783$*#!78-4!4$*{!=:+.m!^-+!B4!"(!d,'32!DxW!+B!5+!"f$&L!s'%-,W!$_/-+!§!8X$&!4$*{!"(
!!L!DQ+!‰-4y#!$<&!B.f!+,\!5§!s-B+4!]5ˆF3!+,C!4.f!='Q54!$3!5§!DQ
!B4!)$?-+!"(!4.&!!='9&!=#!5L!4,(!O$z3!B+y“,3!)P!B4!5!4.<#!DF“B!)$?-+!DFb{!B4!.VP
!sV+,N!"f$&!5!¥.3!5![+M!KM5BL!K8/'xW!DXˆW,Q!5!K8#4,(!KM$&!5!K8#8X!"6<S!$_#P
!D9#$zx?3!g4$0!"l#$/\!5§!8#8X!)+,Z#!]4L!83$*#!8#4.<#!B$q'#+!+B!.VP!='0$Q!5!8#83P
!B4!5!4,*W,&!=_#B2!8/'xW!+B![+M!"f$&!5!¥.3L!8*?(!y*\!,E&!"?-8#+!5§!4B5P!,c$f!s9zC
!5!83P!M$&!B.N!,&§!8-4!8/&!B4!+B!.VP§!4,(!uF'C![+ML!=/*&!K,i+!+B!.VP!$C!,Z/&!$3!=:+.m
!DX+4!8#+.'#!8*3+!.'&!yS!ž4+.m!^-+!B42!"(!8/'xW!+B!¥.3!"f$&!5![+ML!4+4!OJ0+!+B!)+B$-
!!§!DXˆZ&!$3!DQ4!M+!B$(!"(§
!!
!!!4BˆW!B4!sV!.C!DQ4!M+!"(!1$-B4
!"cB5!^-+!B4!"#.Z\§!vx?3!B~+ˆ&!K+2!DxW!5!83P!.VP!‰-4y/&!!5!4$'9-+!Y'&!¥.3
!"(L!=#$<QP!,-8zC!"6&$z3!B42!"(!4+4!1+.S•!D/nN!5!$(~!5!DQ$*(!5!4,f!)+8/\!$&!K4$'N+
!^-+B4•!4B+4!4.Q!"\!=(,-M§!DN$-!)+.C!B4!+B!)P!O$Z/V!D6*b&!"#!5!8-4!)+.C!+B!)P!"#
!";h+5!^-+!M+!,CB+.X4!^3!,&!$_/-+!.C!)83P§!B~+ˆ&!K+!"(2!DxW!+B!.VP§!8*Q,&!"f$&!"#$*3
!s#+.C!Dz&$93!5+!$&!Y/'&!8X$&!78-,&!^3!K$V8/&!¥.3!5!8QB!$<&!4$*{!,W+!"(!§!DQ+
!D35$z3!DQ4!"#!5!KB+4!y-,W!K$p!"#!.C!5§!4y-,W! +B.Q!B4!¥.3!5§!4,e&![+M!5§!)4,(
!M+!5§!=<'X+4!+5B!•h.C!j-5$C!"š&!5!=383$*#!"#.Z\2!DxW!"f$&•!K4.<#!+,\!s?_C!^-+§
!=#M5!+B!)P!8/34,f!O+8(!5•!DN$-!)+.C!gˆ:!"\!4BˆW!)$'Q54!•+,N!B4!"(!=#$W8#M!)P
!B+8-4!k-+.#!B4!Tx#!U3+BP!5!K8/Q,f!,&!D#.;3!M+!=l-5•!74,<X!,<0!M+!5!DQ!74$E#
!^<w'3!+B!U-$VB!5![+,N!5!48#.*p!=69C!5!,F>&!"š#P!B4!)$?-+!Da5$x3!5!DQ+!)+B4+,&
!g,*>&!5!,>&!5!44,W!‡$F3!+B!s“!5+!]4!s-,m!4$'N+!,_V!^%Q!B4!=9(!).\!"(§!8X$&
!D0$Q!^*<V!"(§¥$F3!,lx'3!"6<S!B4!5L!8#$3!D;x/3!=&!D-5B!5!K+B!5!4,-ˆp!)$>z#
!=<fM!,W+!"(§!DQ+!kS+5!,lX!]+.m+!"<V!B45L!4.X!74$?W!78z0!^-+!5!=&$-!ƒJf
!"#$fB$Z#!B4!)P!=NJC!5§!K8*_/Z#!sV5!)+8*3!B4!)P!…B+8C!K4.&!K8#yW!)$_&!5!K8*QB
!!!K4.</#!B.>'3!¥.V
!!!jEQ!"*/<:+!K.Q!knf!j(!!!!!!!!!!!!!!!!!!$*m!D34$3!1.n%:$&!jFC}
!.VPL!4.&!"'f+4,p!$V8/&!)8-,&!M+!¥.3L!83P!B54!M+!4$*{!"(!DxW!=3!^%Q!^-+!M./V!"f$&
!B4§!DN$-!78-,&!.VP!O+4!K$p§8*Q,&!4$*{L!D%-,W! +B.Q!B4!¥.3!5!8-,e&![+M!5!D9_&
!D9F&!^lb3!5!DN,Z&!+B!5+§!8/ZN+!"f$&!,&!,q#!7$W$#§!D9-,Z#!DQ+B!5!I\L!4$'N+!g,*m
!!L!8#4,(!=N,;C!+B!"f$&!B$(!5!8#8X!"6<S!U#+B$-!D0$Q!B4L!4$E#!5M$&!K5B!5
!!L!DQJ&!O+4!B4!"(!8X!O.6;3
!)P!5•!83+B$*&!B+8*&!"/'N!^-+!5!44,W!B+8*&!"'xf!D%&!^-+!"(!4.&!8V+.f!yW,V2!DxW!¥.3
!783$*#!Y/Q!B4!5+!K$p!B$&!‰-!$C!D9:$m!.l*#!"?*<V!O4,3Š!"(!DQ+!!"'xW!DQ+B!s*lm
!K.h!DNP!j*Q!D0$Q,V!D9l?&!5+!K.Q!DFl#![B5!5!4$'N+!—#B!B4!g,(!‰-!).\!DQ
!!L44,W!=3!,C!j-!$V!D/b3!r.3!5!,C
!!!DFC!D<i!O$-}+!8-!D6X5!!!!!!!!!!!!!!!!!"3.<V!=/CB5$Q!,V8:!$zb9N
!5+!O+4!K$p!O$W!,V!B4!7+B!Y/Q!J„3!5§!8-P!,Q!B4!,Z-4!B$&!8#M!=f$X!B4!DQ4!"(!7$W,V!5
!B4!UCP!,W+!•+,N!M.Q!"(•!4,(!)+.C!,&+,&!)$'Q54!•+,N!,&!+B!DF*>3!O+8(!7$Z#P!5LŒ!8X$&
!!!44,W!7$*Q!M5B!8*eQ!B$9fB!8#$QB!)$<Q•&!454!,W+!5§!4BP!,&!5M+!…$f!8#M!$-B4!,;h
!!!j3$m!$#+!$3!)54!K.aB!jz„-5!!!!!!!!!!!,<w3!$#+!$3!Ÿ;&!=:$*6:+!!sE-
!!!8-$#!,&!8?(!,E3!,W+!—#B!)$(!!!!!!!!!!!!!!8-+M!)P!‰6N!sFX!,V!.C!,_V!M+
!!!8-+yZ&!)P!M.Q!78/ES!•,&!B4!!!!!!!!!8-P!=3!)+5B!"'9f!^-+!,&!.C!M+!•#+5
!8#M,N!5!jV+!5!^3!)$*3!"l#$/\!5§!DN$'#!,&!^3!!DQ4!$C!"'xf!D%&!^-+!D9?/#!K$p!M+!5
!"3MB!K5B§!4.&,&!^3!M+!s'9-M!=3!5+!DFb{!g.z&!"(!+B!='Q54!4.&!78/ZN+!=€+8S!]$3!5
!+B!)P!K$/&!^l:§!4.F#!g$N$l3!u<c!"S5!M+!5+!g4.3!"(§!)+~+ˆ&!74Jh!"nQ+5!5!)+B$-
!j6f!"i4$m!•*E&!"l#$/\§!4.&!74+4!+y9&!K8*($C!jwN!5!$N5!5!jz0!5!O,(!=0+58&
!.f!8-+8X!g$Q$z3!B4!5!DQ+!"'N,W!•:+!$E_#B!^-+,&!^3!^C!"(!='9#P!"#!,W+!5L!='N,-ê#
!gB.{!D35$z3!)P!$&!g.h!"š&!5!K8X$&!^l<3!"#.Z\!=#$W8#M!ž4+.m!^-+!B4!74,(
!!•!K48/&
!!+4+4.:+!$Eb/3+!g,{!=#$(!!!!!!!!!!!!!!='m!=60!1.n%:+!D#5.V!5
!!+4$'z:+!‹B}+!,l/C!•*(!5!!!!!!!!!!!!!!!!!!!!!!K4+.N!$E'F/3!5!$V,l#+
!!
!g$NP!R!]+.m+!k6zC!"'9&!5!R!"#$3M!•-B$>C!,*Q+!R!J&!]$Z/š&!78#$3B4!™%X!^-+!"&!K+5
!5!8-$<#!=3!M+,N!B4!=l-!"(!7B$'Q!15,“!5!t.6c!).\!R!O+54!=&!5+!g+,*f!5!u<'_3!K5!,&
!8/#$3!)+,_V!s“5L,&+,&!D9p!5!}$&!5!)$9l-!)P!Ÿ*wm!5!r5+!R!k*?#!B4!K,Z-4
!5!R!48#.*p!sE&!54!,V!!5!8-P!)+,&!,Z-4!=<fM!8E#!Db>&!K5B!).\!"(!DQ+!='m+,S
!"(!T(!)P!R!4,-ˆp!)$>z#!)$'Q54!B+8-8&!$*#4!K$E_#B!5L!8#$<#!=h$&!$xX!8*3+!U*&
!!•!8F6c!K5+8C!‡,x3!O+8l&!5!8-.S!v-,c!"\!M+!=69C!8'N+B54!)$?-M+
!8E0!^9b&!L!4B+8#!4.Q!•*V!+B!"f$&!8X$&!o*6&!5!`*>N!$3!^%Q!"\!,W+2!8/'xW!.VP!5![+M
!M5B!,*:4!5!t$_XŠ!8#+!"'xW!"(!R!8X$&!5+!ƒJf!^<w'3!"(!=?-8#+!='6*m!"(!,C!v-}!)P
!B~+ˆ&!5!DQ54!5!R!"h$N!O$-+!B4!8#M,N!5!)M!5!R!8'Q!5!4+4!Dh5!^*3+!5!R!44,W!74.3MP!Y/S
!!ŒLk-+.#!O$Z/V!B4
!5L!=/Zx*&!5+!BˆW,&!^'?-.f!5!=-PB4!4$*{!U*p!M+!.C!"(!D9#P!D6*m2DxW!+B!.VP!¥.3
!L!4B+4!.C!8>h!=-.W!"l#$/\!8/*?#!.C!,&![+M!5L=-$<#!58&!‡5,_3!].63!).\!+B!4.f
!4BP!.'&!K5B!5!8E/&!DfB!$&!+B!"f$&!R!48/&!.C!B8:4!‰X}!4$'N+!.C!,&!4$*{!s?\!"l#+8/\
!L!4,F#!.C!M+!o<c!$C!^l3!j*_;C!$3+!R!5B!=3!5+!U*p!M+!)$Z/:!)$Z/:!83P!‰-4y#!"(!7$W,V!R
!"f$&!8/&!^3!"(!8*X$&!K.p$ZC!B4!M./V!$<X!"(!OB+4!^*/\!8*3+!R!!s-P!=3!5+!,i+!,&!^3!5
!!Ls#+4,W!™6%3!+B!5+!5!O,F&
!!R!!8X!78#$3!.VP!k6c!B4!4$*{!5L!8#4,(!^*/š<V
!]5+!R!4,(!K,lxC!58X!)+,*m!L!DN$-!78-,&!7,FC!K$V8/&!5R!!8-8#!+B!"f$&!83P!M$&!)5
!L!"f$&!8/&!)8-,&!5!R!K5,&![+M!^'9?#!5!^'f$Q!B$<*&!+B!4.f!.VP!M$&!5!R!.VP!8/&!)8-,&B4
! $X!)+,x“M!).\!K5!O+8#+,&!DQ.p!5!8X!sz&! $X!).\!K5!^C!B4!).f!s*&!M+!5!8*Q,'&
!!2DxW!4.f!$&!5!ŒLDNB!8-$&M$&!,C45M!R!)+54$S!5!D9#$-,p!^*3M!^-+Š!"(!8*?-8#+!5LD?W
!J&!DQ4!"#!U*&!DNB!R!^l93!K.Q!"N,3!5!^<-+!5!8#83P!sV+,N!"f$&!5!¥.3!5![+M!5!.VP
!U*0!•$N5!^<*&!L!8*#+4,W!4BM!)$?-+![+,N!B$9fB!8&!s?\!"#!5!8*QB!)$?-+!^3+8&
!!L,C!sq'/3!D0$Q!,V!]+.m+!5!4.&!,C!O,f!M5B!,V!)$?-+
!5!+,a!5!+,Q!B4!)$?-+!g,V$q3!5!)+B~+ˆ&!DzN+,3!j„3!5!)$'Q54!DzN+.3!)$'Q+4!D9/-+
!$CL8#4B5P!K$_&!"#$3M!k-+.#!5!O$-+!ž4+.m!B4!‰-!,V!=(!=W4$'9-+!’,N!5!$fB!5!g8X
!ƒJf!j-$V!"cB5!^-8/\!M+!R!D#5$;3!5!='?p!sV!^3$*3!5!R!D>:$%3!5!=:4!‰-!g$(,F&
!!!L!8#4,(!D?p!Tp!g$NP!g$Fz0!5!R!8/'N$-
!R!+B!•*;a!)+B.#$S!='Q54!"(!R!8/(!=63$C!jz0!B./&!g$-$lm!^-+!B4!"(!8-$&!8/34,f!5
!g+,<i!^-8/\!R!8/E#!=3!DQ4!B4!DQ4!g$<E3!uN4!B4!5!8/#+4,W!=3!=N${!$E:4!).\
!,&!+B!)P!5!8/E#!$/&!='h4$>3!t.#!^c+!M+!Jz0!"x-$c!,W+!R!8X$&!=3!=a,3!—-$'#!5!=F/V
!‚B+.0!5!uN$/3!5R!!44,W!j3$X!"#.Z\!+B!k#+.S!"<V!)P!8-+.N!8/#$QB!)$-$e&!DxcJ3!^-+
!!L!4.X!,V$|!"6<S!"\,&!‰-,V!g$bx{,&!)P
!)$?-,&!D<lm!5!s60!K$VB4!5!R!4$/(!D3+,(!v*N.C!g4$;Q!+B!)$/3.3!"N$(!=:$;C!4y-+
!!L":.m!5!"C.h!5!":.c5!"/<&!R!4$#+4,W!74$?W
!!
!!
!!1+,•:+!5!O.F:+!1$&!!!!!! !! !
!,W+!)./(+!Lvx?3!)+B~+ˆ&!j„3!5!vN+.3!)$'Q54!)$'Q+4!O4./X2!"(!+B!^<V,&!DxW!K+B
!]$<(!"\,W+!D?W!8-$?#!"'x-,N!58&!"(!=/<X4!j„3!^3!DES!M+!8-.WM$&!8V4!DQ4
!‚J%&!,C!"'Q+BP!"\,V!+B!,V$|!5!4BP!)•*3!B4!ua+.C!5!D63$_3!’,N!5!t,wC!5!DxcJ3
!!L4,&!B$l&!)+B8#+!"*<;C!•-$n:!5!"-.<C!v-$h4!5!8-$<#!^c$&
!5!4B+ˆZ#!,*<a!B4!+B!5+!7~.;X!5!•BM!5!8-$</#!g$x':+!^<X4!^%9&!8/34,f2DxW!^<V,&
!7$Z#!^'?-.f!5!=#$<W,&!B4!8/*&!U*&!44.C!5!•n6C!=V+4!•:$%3!5!$#+4!^<X4!M+!"\,V
!4BˆW!=:$f!=V$W!sfM!5!4MB5!='6x“!,W+!"\!R!8/*\B4!,'E&!5M+!^3+4!5!8/(!g4$-M!^'X+4
!DQ4!=#$<*?p!R!…B+8C!Bˆ;C!5!D{,N!g.N!M+!Tp!5!R!44,W!74$?W!^<X4!^*<(!"/-+,V
!!2DxW!•!)P!DQ+!"#.Z\2!"(!8*Q,p!K+BL![+M!M+!8*QB!O.F&!"(!8QB!)P!58&!5!R!8V8#
!B$*9&!•,&!5!R!"'9S!5M+!"'%VP!K$Ef$X!R!•By&!4.&!='f!B4!8/6&!=V.(!B4!"(!8#+!74B5P
!B4!"<V!"(!4.&!=l63!+B!)$“+M!)P!5!L!4.&![+M!"#$f!B+yV!k-,h!)+B4!5!L!783PB4!5+!4,W
!=FX!LK!8#4.<#!]$„'3+!8z0!5!]!B4!+B!5+!=V+.#!5!,3+5+!5!R!K!8#4.&!5+!D;&$'3!5!)$3,N
!).%*FX!v-,n&!5!83P!)5,*&!D9“+M!5!O.&!)$*3!"(!=Z-$/<X4!kF9&!)$3.&!‰63
!!LD?WM$&!B5,93!5!8-.3!5!B.>/3!5!,xq3!5!R!8#+,&!O$<C!O$(!5!45M!)$“+M,&
!5!•!)$?-+!K,*:45!O.&!).%*FX!8-8-42!DxW!5!4,(!"6<S!+B!,l?:!)$“+M!‰63!M5B!,Z-4
!,CB+.X4!^-+!M+!5!R!DQ+!"'99W!]$&!5!78/(,p!5!‡5,_3!5!"'?(!8/\!$<X!)$*3!M5,3+
!O54!B$&5!8/-PM$&!45M!"(!s/l#!‰X!5!R!^l93!5!7$Z-$S,&!‚.h5!5!DQ+!)$?-+!g+,S
!5!8*/(!j3$C!B$(!^-+!B4!L!8/#$?š&!D9%#!D&,X!)P!M+!sV!5!L!8/-$</&!]5+!B$&!4,&!DQ4
!!!L!8*/*&!M$&!Db6>3!"S5
!D&${+!5!D*{$#!^<*&!5!B.(ˆ3!jz0!D-y3!5!K+B!D6*wx&!4.&![+M!—//p!)$“+M!)$*3B4!5
!ž4+.m!B4!L!K8#4,(!)$?-+!gB5$?3!5!gB$X+,&!4$<'0+!$VB$(!B4!)$“+M!5!R!B.E?3!,*&8C
!M+!`:$>3!1+.&+!B4!5!='X+4!…B$F3!+B!)$?-+!K+B!‰63!5R!!=#44.<#!D;S+,3!)$?-+!k#$_&
!DxW!•!8/*&!"\!"i4$m!^-+B4!.C!K+B2!"(!8*Q,p!)$?-+!M+!+B!=l-L!='XˆZ#!)$?-+!^%Q
!^<X4!D35$z3!M+!=9(!).\Š!"(!74.3,N!5!8#+!74.&!$<60!$3!M+!U*p!"(!DQ+!=-+B!^-+2
!,nf!)4,(!Y/S!"(!R!DN$'&!K5B!5!DxW!8-$F&!8:.3!5!Ž$?/3!5!]$3!5!jV+!…,'&!83P!yS$0
!"W!1+.f!j*Q!BˆW,&!4$E#!)+B4!O8h!j3$C!=&!"(,V!5!R!D<-yVM+!Tp!"{$f!R!D9WBy&
!U-.f!D0$_X!5!B5y&5!)4,(!"*lC!4.f!g.h,&!"\!R!74M!D?f!1Py*C!B4!5!L!8X$&!74,(
! .X!D?p¦.(!,EeQ!^-+5!R!4B+4!K5B!54!,*?<X!"(!R!8'N+!B54!Oym!M+!)8X!"'x-,N
!+B!4$<'0+!5+!¥4,W!5!R!8#+8#!)$?-+!B8h!5!8Q$/?#!.l*#!+B!)+4,3!R!DQ+!B.(M5B!s?\
!!8-$?#
!!B$E#M!R!=/<-+! ,\!,&!"(!K+
!!LŒB+4!UV!R!K+!74,(!1P,&!"*lC
!L!8/(!=3!gB$X+!5+!"š#P2!DxW!•!K+!78*?-8#+!"\!.C2!"(8*Q,p!5!4B5P!K,Z-8&!K5B!‰63
!B4!4B.fB4!"#.Z\!4,f!B4!5R!!s-.Z#!yW,V!KB$&!^3!R!^'X+ˆW!=:$f!y(,3!5!^'%-,W!M+
!1+.>&!•!)4,(!45B8p!+B!^c5!5!^l93!5!)4+4!7+B!^'?-.%&!KB+.f!^c+!D9%#!D38{
!!Ls-BP!Y/_&!K5B!5!s-,*W!sV+,N!‚+,c+!"(!,C!‰-4y#!)P
!!M5,N+,&!B$Z*p!UCP!5!y*f!R!4$&!).\
!!^(!B$F“!=&!,x|!M5B!5!R!,&+!).\
!.-4!U':.{!1$EX!5!R!4,e9&!+B!)+.*(!r5+!U'<V!•+,&!"(!8X$&!)P!B$Z3$(!7$X4$p!"(
!D9*CB.0!"(!k#$S,V!M+!5!s*#$?#!)$#$&8-4!"(!D9#PB4!Db6>3!=:$m!5L4M.9&!+B!"/'N
!s*/l&!"S5!"&!B+MB$(!5!R!s-5B!U*p!74$3P!5!"'f$Q!8#8#.*p!K8>h!,W+Ls-B+4!7$Z#!^'?-.f
!"\L!s*V8&!D?p!"'?W!B5ˆ;3!$-!8-$<#!K5B!,x|!$-!R!s*#+BˆZ&!D6C$z3!)P!B4!M+B4!B$WM5B!5
!4,F#!O$Z/E&!5!8/-$</#!g$x':+!$VB$(!kh+.;&!Y/#!5!O$#!Dh5!5!Y/S!M5B!"(!8-$&!)$V$X4$p
!!L!8#,<X!,nf!=&!+B!]•3!5!]$m!`:$>3
!!)M!•,N!,&!+B!7+.f!8&!)M!•,X!K.Q!1,“!M+
!!)$?#!5!O$#!5M+!B+ˆZ3!)M!•,&!).\!5+!•,N!,&
!^l:!R!8/-.W!=3!"\!)$?-+!"(!s#+8#!^3!2!DxW!•!D9*\!.C!K+B!2!DxW!+B!O.Q!,-M5!‰63
!K$_&!^<X4!]$m!™bxC!5!s*#+4,W!,C+.'3!)$*E/3!5!s*'Q,N!)$Q.Q$S!"(!,C.l*#!)P
!5!8#.X!4./?f$3!M+!r+,%&!5!R!D9V!=6*3!Db:$><&!+B!)$?-+!"(!s*/(!O.6;3!5!s-BP
!5!Dh$c!uQ.&!5!R!D?W!8#+.C!,9*3!1$&!^-+!M+!,W+!L!8/-$<#!]$Fz'Q+!].z&!+B!$3!DxcJ3
!)$?-+!d$&!M+!$C!s*-$<#!O+y':+!=S+,f!5!s*V4!B+,h!`6{!R!8'N+!$aB!=/;3!)P!B4!)$l3+!B8h
!"(!D9#P!k*>3!K$V,*&8C!5!k€${!K$E-+B!M+!=l-!+B!….63!"(!–!s*3+B$*&!5!s-4,W!^<-+
!!D?W!,V$|!5+!gB8h!5!D(.X!5!R!8X!=/„'93!J;'Q+!D-y<&!5!J*'Q+!8-y<&!^<X4!).\
!8/-P!…JV!5!•6C!‹,;3!B4!D*0B!5!R!44,W!,?'/3!‰:$<3!B4!4$9N!"(!4.&!)P!‚.f!5R
!UX!B4!"(!R!8/#+4,W!D*0B!5!D-}5!5!‰63!,eQ!+B!]$3!5!8/:$3!M$&!•n6&!^<X4!^*'F;(
!!!8X$&!B54!DQB$<3!5!D&,_C5!DN$>m!5!4,f!M+!^'f$&!=&8/&!=l63!5!)4+4!5+4!B4
!!!M$9&!"#$3M!$&!.C!4M$9#!"#$3M!,W+
!t+452!DxWLK$<#!M$&!8-P!=3!M+,N!"š#P!5!^l&!=CB$X+!sV!.C2!DxW!+B!OB$E\!,-M5!‰63
!5!!R!)4,(!8-y-!^3B!4!k9#!5!k9m!"l#+M+!,C!74.'Q!^3!‰-4y/&!D&,“!—#B!5!^c5
!!)4.<#!ua+.C!DQ!74.&!s(!$3!M+!"?*<V!"(!+B!=/<X4
!5!u6h!B4!5!8#4,Z#!=a+B!)+8&!s*/(!j<bC!$E'/#5.3!5!s-B+4!kS+5!$Ex6lC!,W+!"š#P!$&
!DS$m!"(!D9S!8-$&!B8h!)P!^<X8&!=l-4y#!"(Š!"(!8#+!"'xW!5!L!8/X.(!$3!]$>*'Q+
!5!R!!8-+yN+!K,*:4!+B!^<X4!5!4.X!B+.f!.C!Tx#!"(!R!4,(!8-$?#!.6“!)+B4!5R!!=&$*&!4.f
!5+!"-$Q!8-P!74,(!ª(!=(8#+!,W+!"(!R!1$'NP!K5B!,&!DQ+!78*#$'9-+!1.\!).\!)P!j„3
!…8#+!r+,%&!$3!M+!)$?-+!yW,V!5!ŒL!8-$<#!,'<(!"-$Q!45B!’+,N+!)+B4!,W5!R!44,W!M+B4
!!Y/S!5!DQ+!,F{!$3!K+B!–!8/l#!D0$/h
!k:$“!)P!"6&$z3!B4!•,3!"(!=ES.&!M,bC!^l:!R!8#+!74.3,N!M+,'m+!D&B$b3!M+!$<60!8/\,V
!!!D9*#!74.'Q!8X$&
!Y/S!+B$3!8F-y#2!DxW!•JS!$-!R!`6{!$-!R!,C!=:5+!Y/S!R!KB+4!"\!B$*&2!4.3,N!+B!s_/p
!Y/S!B4!)$?-+!"(!+,-M!L!s*&$-!,Z-4!v-,c!+B!)$?-+!B$(!8X!)5,*&!"(!O+4$3!s*/(!B$*'f+
!O$z3!B4!"(!R!4,<?#!•*;a!+B!^<X4!jh$0!5!L!8#B+4!g4$-M!D(.X!5!g.h!5!8#,C!7,S!$3!M+
!=3!)$?-+!‚.f!M+!";h+5!^-+!M+!U*p!5!L!8X!…JV!D?W!B5,•3!"(,V!5!R!8'N+!B5,“
!Oym!km${!"(!R!8#4.&!‹,;3!$3!‹,;C!M+!"\,W+!R!O8*Q,C!=3!O8-4!"š/-+!M+!5!R!s?-8#+
!DN$93!).\!5!R!8?-8#+!$S$x3!M+!=l-4y#!O$Z/VB4!R!44,Z#!^<-+!^<X4!M+!]$m!•*V!B4
!,C8/34,f!5!L,l3!M+!8#$3!$E/C!,W+!5!R!^*<(!M+!4.X!D<-yV!,W5!R!g45$;3!M+!8'N+!)$*3!B4
!Y/S!B4!"(R!!8X$F#!gB5,a!5!44,W!=/•'93!)+M+!).\!4y*V,e&!Y/S!M+!"(!D9#P!v6f
!D<-y0!‰63!"(!8-$?#5!L!t$'3!5!]$3!M+!$VB$(!,Z-4!B4!R!8X$&!)$S!5!Tx#!M+!D#5.3!5!"zx#
!!L8-P!,-M!4y-5PB4!j*p!$&!"(,V!"(!R!8#+4,W!s<>3!O.&!Y/S!,&
!5!R!4,(!8-$&!j3$C!B$(!^-+!B4!DxW!•!=/*&!"\!Tp!KB+4!=3!D*V+,(!Y/S!,W+2!DxW!‰63
!)P!)$b{$#!K+B!"&!+B!)$V$X4$p!"(!R!D9-,Z/&!.l*#!)P!DQ+B!5!I\!5!k*?#!5!M+,N!B4
!gB5$?<&!….63!K+B!5!L!8X$F#!^l<3!7.F#+!,l?:!5!B$*9&!g8;&!"(!8-P!j{$m!‹+,“+
!!L!8-P!j{$m!g4$3!$E-.S!8<<&!+B!!$-B4!1P!"l#$/\R!!4,*W!B.#!g4$-M!`{$#!)+,-M5
!R!44,Z#!78*X.p!^<X4!K+B!5!g8*l3!B+8z3!5!4.f!B5M!5!g.h!7M+8#+!8/34,f!,&!5
!)+.0+!5!B$>#+!"&!)P!,*f$C!5!s-8zC!B4!5!R!8/(!=3!"a,0!jz0!,&!^*F#$S!K$VB$(!"?*<V5
!,/V!O$<C!^%Q!].Fz3!)$b{$#!K+B!"&!"(,V!"\!L!8-$<#!=3!t.SB!8/X$&!8<';3!5!^*3+!"(
!8X$&!78*QB!58&!g4$;Q!DzN+.3!5!D%&!g80$93!M+!"š#P!$C!8'x*#!=Z#B4!8-._#!B$Eq'Q+
!D6*Q.&!^l:!R!!DN$-!)+.'#!]$<S!5!k9#!D:+8&!g+,*f!O$9h+!"\!L!4.X!•,x'3!5!u-$a
!!!L!8-P!DQ8&!DQB$<3!5!D&,_C!1$&B+!`-$>#!)4./X!5!jz0
!5+!]$Fh+!Df$Q!B$;X!+B!)$b{$#!^%Q!t$<'Q+!5!8X!8/35,E&!Ky-,“!jz0!t$;X!M+!"(,V!5
!UC,>#!‡JQ!A-,3!DQ4!R!]+5M!5!•$b3!B4!7$3!B.#!).\!"#!R!8X$&!B+8-$p!7$\!"-$Q!).\
!K+BP!‰63!!jz0!]$<_&!M5,3+!‰63!5!L!8/(!u*h.C!U':54!B.?/3!4B$n0!s6h!5!R!8/(!jz*{
!!!L!DQ+!=6b'3
!!8/(!"eQ+!54!,W+!jz0!8Q,#
!!‰63!B$F“!=&!sV5!YC!B4
!s-.W!u<S!B4!1+.S!=w;&!"(!sV+.f!=3!DX+4!=#+MB+!gB.?3!y0!sE3!^-+B4!+,3!).\!5
!5!r+,f!5!D-yS!].Fh!5!j:ˆC!5!ua+.C!O,l/3!+B!Y/S!"l#$/\!^3!5!LJf!B4!=w;&!5
!!!sV!B$(!sV!R!8X$&!7M$C!M./V!)P!A-B$C!5!44,W!Ê(!"#$3M!"(!R!KB$0!j<bC
!!!yW,V!580!ua$f!O.?#
!!^l93!8/(!)$<QP!,&!"\B5
!!•)$3,N!4,&!+B!‰?_/W!M$&
!!•)4,W!8E#!+B!7$&5B!,*X
!y*m!^-+B4!=*3$($#!,W+!5!L!8V+.f!+B!B$iP!^Q$b3!5!,(~!8*6%C!K+,&!M+B4!=#$W8#M!s-,(!5
!7$/p!+B!B.W!=Z/C!5R!!8E#!`*S,C!)+,&!+B!,<0!=V$C.(!8*QB!8V+.f!K5!,&!KB$0!5!8'N+
!t$*a!=0+4!5!…JV!"38z3!)P!"(!R!y_0!B$E|+!+B!‰63!s/*&!=<#!1+,{!5!L!4,<X!u*/3
!D6*m!v-,c!B45!44,W!"'9&!K5,&!,*f!K$VB4!4+4!B4!)8&!^C!"(!,V!5R!!DQ+!Tx#!5!‰63
!!!L!8-P!+8*p!K.h!K$V8Q!5+
!5!g,>#!5!,x|!"-$3,Q!"(!R!4.X!78*#+BˆW!‰63!K+B!,&!$C!8-$&!=C.6f!+B!].>N!^-+!=h$&!5
!5!4.3,N!‰63!"(!gB$?'Q+!^-8&5L¢B.?<:+!Oyb:+!]5+!R!DQ+!Oym!g4$;Q!5!]$Fh+!78<0
!"\,V!5+!B$h5!5!4,f!)$V,&!5!g$Fi!5!Oym!j*:4!DX+4!O,b3!sE3!^-+!B4!+B!)+B$Z'38f
!!D?W!,C!,V$|
!!!8-P!45,N!.C!Oym!$_(,V
!!^*>m!K$E/>m!^3+!8?(,&
!,Q!^*>bC!5!,q#!B+,l'&!DQ+B!K+B5!R!DQ$E-+B!^'f+8#+,&!gB5$?3!"(!8#$<#!78*X.p!5
!5!R!)+B5$?3!M+!$-!R!8X$&!^l<3!)$V$X4$p!DES!M+!B+,Q+!)8*#+4,W!¥$N!5!L!8-P!j{$m
!)$?-+!¥.Z&!"š#P!5!8/-P,&!u<Q!•+,'Q+!4,W!5!8#B+4!D#$*f!]$F#4!"(!=#$9(!$-!R!)}.QB
!+B!)P!5!8//*&!kS+5!j3$C!B$iP!uh+.3!5!K+B!rB$%3!B4!"(!K+!"x-$c!•-!R!8/V4!7+.N+!B4!8QB
!M+!"(!,Q!,V!5!L!8//(!"6&$z3!)+,&!+B!4.f!K$E#$<W!5!8#M+8#+!M$&!]+.m+!,V+.|!M+!)P!,-$q#!,&
!DQ4!D6f+83!)+B4!+B! ,\!5!48//F#!gB.{!tJc+!)+,&!+B!B$WM5B!8#$3!).>3!=#$;3!^-+
!,W+!5!R!48#.*p!DS$b&!,x|!8QB!~$x/&!"?-8#+!,W+2!4B+4!78-$N!54!B+,Q+!)$<'(!5!L!8V8#
!!!L!D>z/3!5!k*0!M+!D3JQ!8-$</#!g80$93!,-8zC
!8/-$?Z&!K5!U*p!B+,Q+!"#+yf!"(!^*3+!B._/W!5!8<';3!,X$'93!M+!+B!….63!D9*#!7B$\!5
!"(!R!8/F6c!D#.;3!s-+y0!K$w3+!B4!5M+!5!8#B$eQ!K5!Db{$/3!5!D#$3$&!$VM+B!—/W!5
!48<&!UCP![5,N!R!5!^“5B!g4$<&![+,\!B.#!"l#$/\!R!8/*&!8-+.N!5+!gB$X$&!4B+4!)$bSB
!!!8X!u<S!g$x(!g,V$q3!5!K+B!D#$'3!+,(,V!5LOy*V
!!L48/&!,nf!DQ4!)+8&!4,*W!,x|!K$p!^-8&
!"(!+B!5+!K+B!$C!4.&!)P!K+,&!"#!4.3,N!gB5$?3!OJ9:+!"*60!+B!,F3$•*p!"(!=:$;C4y-+!5
!OJ9:+!"*60!^*3}+!‡5B!‚J'f+!5!=m5!,C+.C!5!4.&!8-.3!=E:+!Ÿ*N!5!K4y-+!O$E:+!4+83$&
!gB.?3!8-+.N!,-,zC!5!uN$/3!)$*&!K+,&!slm!^-+!^l:!R!8-P!j{$m!K483!R!)5,z3!)+8&
!5!L!^-,($?:+!8<b:+!":5!R!8#4,W!=6b'3!78-8/9p!D6>f!^-8&!)$*<:$0!$C!D?W!]M$#
!+B!5+!48#.*p!1+.>&!"š#+B4!8?-8#+!K,*&8C!O58%3!).\!"(!)+B$Z'38f!,&!8X$&!kS+5
!^%Q!5!R!8/#+4,W!B,z3!)P!4$9N!"S5!8//*&!=6*3!$n%&!+B!5+!D<-y0!,W+!5!R!8/-$<#!DzN+.3
!K+B!k#$S!54,V!M+!5!8-P!+8*p!='3$z'Q+!$C!4B+4!B$l&!g,lN!t+.#+!7$Z#+5!L8/#+B!+B+83!5!vN,&
!R!!8-$</#!s*q;C!t.#!^-+!M+!+B!O58%3!k#$S!"(!,*?3!5!,-M5!,V!5!L!4.X!s<>3!Oy05!,<%3
!)4,(!,*&8C!T(!^*/\!$&!5!R!DX+8/p!8-$&!^<X4!+B!5+!4B+yZ#!4$<'0+!vm!gB$X+!B4!5
!5!R!8#+.f!8#+.'#!.l*#!).\!L!4,*Z&!+B!=l-!.-4!$C!8#+.f!=3!).9N+!K4,3!"(!D9:$„3!K+,&
!^-+!)4./X!M+!‰63!5!L!8'N+!K5B!4!.-4!5!8#$35,N!R!4B5P!8#+.'#!K$_&!)+B8#+!O$lm+!‘-+,X
!M+!5!DQ+!74M!….63!s?S!B4!…$f!Oy0~$x#!5!Oym!]$<l&!"(!‚!DQ+!=/•'93!g$V,C
!M+!"l#$/\!R!"'X$<W!^*&B54!)$&8-4!5!B+8*&!)$FQ$p!‰:$<3!s-,m!B4!U-.f!DQ$*Q!5!d$&
!!!78*3+B$*&!1+.f!D-$<m!B4!"/'N!5!DQ+!78*F6c!^3+!"-$Q!B4!"i4$m!)P!DF*V!5!7.lX
!!,Q!8l#,&!‰FQ!"/'N!)+,W!1+.f!M+
!!!B+8*&!5!^X5B!4.&!.C!Oym!78-4!$C
!5R!!8-yW!=N$(!,-M5!5!R!DX+4!B.'93!5!y-y0!v9#!^-+!,&!+B!U-.f!B+,Q+!7$X4$p!).\!5
!5!R!D?W!u#$3!5+!,Q!uF'C!5!,*<a!s9/C!M+!5+!D<?m!5!R!4.&!k*E3!O+.0!K$E:4!B4
!,SM!5!R!4,<X!kS+5!KB+4!)$ES!u-+,X!B4!)$>6%3!D38f!g,<i!5!)+B+4,(.l*#!g$N$l3
!8X$&!B+5yQ!4B5P!K$_&!,-8zC!^9m!•$x#+!B4!5!R!Df$/X!‹,N!)+,>z3!‰-,;C!5!)$-8;'3
!5+!D38f!B4!5!R!8&5B!8#+.'#!K5M+!"#$3M!kV+.3!ž4+.m!DQ4!5!8X$&!B+8-$p!5+!‰63!"(
!!!44,W
!!,W4+4!s:$|! ,\!5!B$(!DQ+B!^€$f!,V4
!‰-,V!5!8X$F&!='(,m!D:54!k6c!5!g4$;Q!k9(!B4!+B!)$/Z<V!"(!DQ+!B,z3!"\
!D<-y0!g$Fi!5!D<V!g.z&!)P!^'N$-!$3+!R!4ye&!=-+4.Q!DES!)P!M+!4.f!]$m!B.f+,N
!!!8V4!DQ4
!B4!5!DX+4!8#+.'#!)P!O,b3!+B!^C!54!"(!DQP!=w;&!R!D9C5$x'3!]M$/3!+B!….63!B+,Q+!5
!+B!¥.WB$E\!5!,Q!54!yS!"(!!DQ$E#+M+!,Q!^-+!5!L!4+4!8-$X!D(,X!+B!='0$<S!=w;&
!!LD9*#!)P!D*3,b3!=#$-$X
!kFQ!5!g5+80!kS.3!2!"(!8*Q,p!]5+!5!R!4,(!=:$f!K5!,&!5!5!DNB!=F#$S,&!‰63
!LDNB!=“+M!)$&M!,&!"(!='<6(2!DxW!•!DQ+!74.&!"\!O.&!5!$3!)$*3!D*F>0!5!=Z-$/<X4
!!2!DxW!•!"#.Z\2!"(8*Q,p
!B4!L!8/#+4,W!,*3+!^'?-.f!,&!+B!O.&!"l#+,&!8#4,(!•$xC+!5!8#83P!sV+,N!)$“,3!='0$<S
!$C!s*/(!•h.C2!DxW!)$“,3!M+!=l-!L!8X!+8*p!B54!M+!=“+M!R!8/'X+4!=a.f!gB5$b3!^-+
!•/{!,V!)$*0+!$C!5!R!DQ$3!M+!sV!5+!"(!R!s*V+.f!=CB5$?3!5!M+!B$(!^-+!B4!R!8Q,&![+M
!gB.{!)$“,3!DQ.*p!)$?-8&![+M!).\L!Df$/X!)+.'#!=6(!t$<S+!+B!)P!8#.?#!"<6(!‰-
!…JV!B+83$#!)$“,3!=3$<C!,W+2!"(!4+4!1+.S![+M!L!8#8*F6c!=CB$X+!)+B4!5!R!8/'xWM$&!]$m
!=&!)$“,3!"(!K4.&!kS+5!R!"'?W!4.zx3!)$38z3!,Z-45!1$z0!5!M$&!5!d55$c!5!K8#+!78X
!g5,3!5!O,l&!5+!K+B!DQ$*9&!r$*'m+!5!O.&!D;&$'3!B+,na+!5!K8/'X+ˆW!B$WM5B!‰63
!k:$“!s?f!5!B$*9&!"xQ!5!…8#+!jz0!5!74.'Q$#!,F%3!5!"-,(!,q/3!R!!K8#4+8#!7+B!U-.f
!K+BP!)$ES!8*X,f!B.#!M+!5!1._b3!M5,N+!s:$0!M5B!]$<S!M+!"<V!^-+!$&!5!R!,{$h!D<mB!5
!5!‰'EC!5!DQ+!=:.'93!5+!]+.m+!,&!=-.f!Y/C!5!g8m!"l#P!,CB+.X4!5!R!O5,b3
!4,f!5!K+B!"&!$VB$(!5!8-BˆWB4!1+.{$#!"?-8#+!^-+!M+L,V$|!K5!]$;N+!B4!KB+5M$Q$#
!=X.W,f!"l#$/\!8-B+4!kS+5!Db6>3!D*wh,&!‰-,V!…B+8C!5!L!8-BP!‘Fa!B4!U-.f
!8#8*Q,p!)$“,3!L!4,(!D-$x(!•By&!=<E3!U-.f!K+B!"&!5!R!Df$Q!7$3!].QB!+B!4.f
!O$<C!$E<?\!"l#$/\!4$'N+!•$xC+!$E#+B$&!…$93+!)J*p!g$-}5!M+!='-}5!B4!2DxW•"#.Z\2
!$C!4+4!]$„3!‰63L!8#8*:$/&!U-.f!‰63!U*p!=Z/?C!—#B!M+!)J*p!5!R!4$'9-+!‰?f
!8/'N$-!K+!"<?\!,fP!L!8#4B5P!K$_&!,C!o*6&!"\,V!)P!‚,;C!5!8/'N,&!k#$S,E&!1P!k6n&
!5!s?m!=Z6<S!$&!)J*p!‰63!LDX+4!)$-$p!=&!1P!5!K.h!7M!5!K8#8#+.f!,<h!+B!)P!"(
!M+!+B!¥.W,f!8&}!5!R!4.&!)$X.W,f!^*3M!)P!5LDNB!"<?\!)P!K.9&!)4B.f!1•&!t$FC+
!"6<S!B4!L!8/&$-!O$<C!]$3!¥.W!8E#!)$?-+!,Q!,&!K$p!,W+!5!R!8X$&!='<mM!j*p!k*QP
!8/'NB!U-.f!‰63!U*p!"6<S!M5B!,Z-4!5!R!8/'?W!"'N.(!5!78*:$3!)$?-+!M+!B$*9&!D%Q
!D0$Q!$C!D0$Q!"(!R!8-$3,N!…B+8C!,C45M!R!)J*p!M+!$3!—#B!]$m!8#+4!=3!‰632!8/'xW!5
!4B+4!=-$V4!5!='Q$*(!$<X!)$*3!B4!"(,V2!DxW!‰63!L8#,e9&!K$p!,-M!+B!=h$&!5!8/-PM$&
!•Jf+!M+!gB.?3!M+!U*p!D<-y0!K$w3+!"(!s*-$3,N!KB5$?3!$C!4.X!,a$m!"(!8-$&
!gB+y•&!+B!5+!‰63!5R!!DNB!U*p!O$#!M5,*p!)$?-+!g$V4!M+!=l-!L!8'N+!B54!8/34,f!)JFz3
!+B!=/*3+!5!8'Q,N!D:$Q,&!+,3!‰63!8/*&!,W+2!DxW!5!R!='f$/X!K+B!D#$'3!5!jz0
!D#$3+!5!4+8Q!B42!DxW!‰63!L!8X$&!5+!s6;&!s/(!5!s-.W!"š#P!$C!8/(!4y3$#!^3!$&!DNB$?<&
!$w3$&!+,C!B+4,(!5!s-B+4!=3!•8>3!+,C!B$'xW!$3!5!R!4.&!8#+.'#!='EFX!.C!D#$-45!='Q+B!5
!R!4B5P!K$_&!8X$&!Dh5!Db6>3!5!]$m!B.f+,N!"š#P!5!DNB!8-$F&!=(B$F<&L!s*#$QB!=3
!K4,f!K5!M+!,W!+5!R!DQ5+!]4!)$<S,C!5!,*<a!)+./0!5!‰63!)$&M!].QB!"(!D9#+8&5
!j*:4!=:5!=Q$/X4,3!]$<(!5!B$F'f+!^9m,&!)+8&!8'N+!g8V$?3!=a,3!,i+!5!44,W!,V$|
!D;*h5!]$_3!)$/<X4!5!44,W!74$?W!)$/0$c!)$&M!8//*&!='6x“!5!K.EQ!,W+!5!R!8#,*W
!!L!8#+!74,(!DES!^-+!M+!D-${5!1$&!^-+!B4!$<lm!5!L!8/&$-
!4B+yZ&!+B!78*š*p!B$(!•n6&!].QB!"(!^(!B$l&!DQ4!Dxn:$3!5!$Q+.3!5!D63$_3!5!vN,&!5
!D:$QB!1+4P!M+!5L48/F&!74$?W!K$VB$(!5!R!8#$3M$&!‹,“!M+!4BP!)•*3!B4!=x/0!,W+5!R!8#$QB
!g.%#!5!‰63!gy0!,Q!M+!5!8-P!78#+B!,*?<X!g8m,&!^%Q!"(!D9#P!gB$xQ!O.QB!5
!M+!u6n3!"(!+B!^%Q!,V!y*#!5!L!8X$&!)$*3!B4!^'f54!5!)8-B4!$3+!R!4.X!74B+yW!=V$X4$p
!D#.?f!5!!='XB8&!=6>N!unz3!,W+5!L!8#$QB!•n:!5!=3,/&!unz3!8'N+!•$xC+!Ky*C
!5!4,<C!5!•n:!5!•/0!)$*3!B+,h!$C!R!8-P!74$E#!D:$<'Q+!M+!K,Z-4!k*F?C!8X$&!78*QB
!‹,“!sV!5!8#$3!=0,3!=V$X4$p!7.lX!5!KB+4!)$ES!d.3$#!k#$S!sV!5R!!8V4!DQ4!44.C
!!L48/*p!].>b&!4+,3!…+B4+5!^<X4!D04$%3!M+
!+B!^*3M!^b{!5!4.&!74,'9W!s:$0!•$N+!,&!U-.f!7,E\!B.#!7$3!"(!Dh5!)+8&!M5,*p!Tp
!8*QB!)J*p!7$Z-$_&!).\!L!D?W!)+5B!R!78*#+4,W!^-y3!U-.f!K+BP! ,\!]$<_&
!"\!R!45,#!K8>h!)$?-+!DES!M+!"\!,W+!8#$<#!=:$f!=(JV!M+!+,3!j*p!=l-4y#!"(!8*?-8#+
!…JV!8QB!58&!K5!)$V4!M+!"(!=&$;:!=(8#$&!4yZ#!+B!5+!"\!,W+!4,*W!DQ4!B4!B4$3!"(,V
!5!4$<'0+!5!8/*&!kS+5!B$*9&!M,bC!=9(!,W+!"(!DQ+!k*0!^*<V!+B!….63!D38f!5!L!4.X
!5!4$<'0+!5!8/*&!kS+5!B$*9&!M,bC!=9(!,W+!"(!DQ+!k*0!^*<V!+B!….63!D38f!D#$3+
!5!8/-$<#!+,N!)$/-$f!gB.{!B4!DxW!8&!5!`*Fz'&!+B!5+!)$/<X4!8#+4,W!B,z3!U-.f!D#$3+
!B54!M+!D:$QB!5!O5B!=-}$&!,&!"(!D9#P!^3!1+.{!=:$m!5!L!8#,F#!D3J9&!)$S!yW,V
!,&!5!R!sV$3!74$'Q,N!^32!DxW!5!K8/6&!M+!4+4!M+5P!+B!)J*p!‰63!5!4,(!)$/š<V!L!OB+yW
!45B!DXB45!$&$b3!=&!"\,W+!5+!^%Q!5!R!4.&!8#+.'#!=S,m!8#$QB!5!8-.W!"š#P!B4!].QB
!jwN!"(,VŠ!8-.W!=3!7$32!DxW!•!D9*\!D:$QB2!"(!8*Q,p!j*p!L!4./X!8-$&!$aB!u<9&
!8/X$&!,C!K.h!K5!M+!"\,W!+B!)+,Z-4!"(!8V+.f!R!44,W!B5,•3!)+8&!8/*&!)$x*;a,&!g.h
!,Z-4,&!"š#+8&!.C!5!L!4.X!,FV+B!j*:45!Db*wN!,FV+B!5+!g.h!"/-+,V!R!8/(!=-+,W!DQ4
!!L!K+!74$'N+!s*q0!B5,“!B4!=Q$/X!=3!`S+B!+B!4.f!)$-$pB$E\
!!!8E/&!,Q!8*QB!$_#$(!.-4
!!!8E/&!,p!8*QB!$_#$(![,3
!!)54,W!"hB8F&!yS!45,#
!!)5,*&!5+!^*3M!5!+.V!M+
!ua.3!)+8&!+B!,l?:!5!D9N5,•3!^3!O$/&!"(!K4,(!K+!"<?\!8>h!"(!8*QB!$_#+8&!B$(!5
!‰-4y#!^'?-.%&!,W+Ls'X+4!kS+5!"*F/C!+,C!D:$QB!^-8&L!8*#+4,W!7,*C!)P!1P!5!K4,&
!"\,V!5!s/(,&!g$E<?\!5!s-$*&!}+!5!L!D<;#!5!$EFN!K4.<#!‹+,0+!O+8h+!^-+!M+!5!='9?#
!"<?\!B4!^3!"(!$*&!D0$Q!^-+!=X$&!=3!‰?&!O$•*p!ŠK+!B4!,W+!5!L!s?l&!g,CB+M
!!ŒLO,a$m
!L!8-8&!1P!B4!7$3!=-$/X5B!5!DNB!"<?\!K.Q!5!83P!k_0!†-8m!^-+!M+!+B!)J*p!‰63
!1•&!O.c,f!k*QP!).\!L!^(!78_Q!5!K.?&!K5B!5!,*Z&!O.c,%&!1P!KB8h!2!DxW!+B5,3
!,C45M!R!KBP2!DxW!L!8F/_&!=<V!7$3!"(!4.<#!)$/\!+B!j*p!5!83P!+8*p!1P!B4!='(,m!8*QB
!5!L!4B+ˆZ#!+B!)J*p5!8-$*#!$_#P!U*&!"(!DN,-ˆp+,N!5!M+!5!4.<#!KB+4,&!)$3,N!L!^(!D38f
!=<E3!U*p!"(!4.X!"'N$-!=(,-M!$<X!M+!•/{!,V!)$*3!"(!8*#+8&!$C!O4B5P!)+8&!j„3!^-+
!O.&!‰63!D<{5!7!,C!=:5+!)¢+!$#$<V!5L!DQ.*p!8#+.C!=;Q!=<>f!uN4!B4!5!DNB!8#+.CB$&
!8#B$W8-,NP!"-$Q!)$?-+!"(!R!D9*#!=:.h!=&!5!B8“!5!,l3!+B!O.&!5!L!)4+4!7+B!^'?-.f!$&
!5!Ž$34!B4!)$?-+!O$lm+!5!R!8V8#!B.#!)$?-+!]80!1$'NP!=&!s:$0!5!R!^*3M!B4!"<Q+!y0
!)P!58&!44,W!J'F3!B$l3!=:+5!5!B+8“!7$X4$e&!"(,V!5!L!8X$&!ˆN$#!$-$0B!]$3!5!)$S!5!r5,N
!!LB+4!74M5B!"&,W!KB+MP!s(!5!‡J{!M+!8*QB!¥.W,f!5!,*_#+!‰F(!"&!"(!8QB
!!2!DxW![+M!•!DQ+!"#.Z\2!"(!8#8*Q,p!)$“,3
!8(.3!Dh4$>3!80+.h!gB5$_3!slb&!$3!)$*3!5!DX+4!=Z-$9<V!^3!$&!K,*_#+!‰F(
!M+!Tp5!L!8X!…JV!"(!O4,&!)$<W!L!8*?(!M+B4!5!4$'N+!='F*“+B!5+!)$*3!^-+!B4L!4.&!"'?W
!L!=<'Q.*e#!='<{$%3!)P!B4!^3!5!DN,W!B+,h!5+!^l93!B4!5!83$*&!¥.W,f!M+B4!g83
!5!8X!B._#B!8-4!U-.f!"#$f!B4!+B!¥.W,f!).\L8*QBM$&!,*_#+!‰F(!R!DXˆZ&!K8/šl-
!=zm!,W+!LO+!ŸFh!km${!^3!"(!4+4!1+.S!¥.W,f!R!D9/3!)+M+!"(!M+4,e&!K$S2!DxW
!"(!8-$&!]80!=<lm!8&}2!DxWL!OB+4!$E'_m!5!D9/3!)+M+!K$S2!DxW!L!^(!D&$i!KB+4
!"(!DxW!,*_#+!‰F(!L!8#$QB!,f•&!K.04!B$(!‚$>#+!=w'z3!,&!5!4./?&!k#$S!54!,V!^%Q
!=#.f!yW,V!R!8/(!M$<#!kX!5!4B+4!7M5B!M5B!R!8F;'3!D9-+!"&,W!1P!k:!,&!=l-4y#!^-+!B42
!5M+!=a$h!L!8X$&!=3!B.>z3!$*W!5!1P,&!5+!B$nN+!5!L!4,<?#!y-$S!=#+.*m!K+ˆ-+!5!4y-,#
!5!8/'?W!=a+B!)+8&!54!,V!L8/(!j>N!$3!B$(!$C!s-5B!5+!‰-4y#!LDN$-!s*V+.%#!,C!]4$0
!slm!^-+!B4!5+!‚$>#+!5!s/*F&!+B!B+4!7M5B!"&,W!$C!s'N,&!)$?-+!,i+!,&!7B$q#!K+,&!^3
!K5B!5!4$'9*&!DQ+B!K$p54,&!5!8/ZN!)$?-,&!s?\!,V8:+!s€${!"l#+8/\!L!s/(!g8V$?3
!L!8X![B$N!M$<#!M+!$C!8#4,(!•h.C!5!L!4.<#!DxZX!)+M+!‰*#!¥.W,f!5!R!4B5P!1+,b<&
!D*wh,&!"#$f!D3.>f!5!8X$&!slm!)$?-+!)$*3!"(!DQ+.f!B4!5!8/'xZ&!ua+.'&!D*bC
!,i+!^3!B4!K,*p2!DxW!4./?&!).\L!8*-.WM$&!]$m!gB.{2!"(!4.3,N!L!8#$QB!)$-$e&!D:8;3
!R!DQ+!"?*p!^-+!+B!,V4!ž4+.m!5! ,\!¥4,W!5L!"'N,-ˆp!u-$X!j6f!d+.m!5!DQ!74,(
!!!L!8/(!=3!y*\$#!+B!,*p!5!8#+4,W!=3!,*p!+B!)+.S
!DxW!L!8*#+4,W!7M$C!K.04!,(~!5!8/'NB!,'?*p!L8*-.W!,C!8/6&!^%Q!5!8*-+!,C!‰-4y#
!]4!¥.Z&!,W+!R!4,(!sV+.f!='b*>#!+B!$<X!OBP!slb&!K5B!"l#+M+!U*p!5!R!O8X!•h+52
!^3!8'N+!j<m!,Z-4!"S5,&!,W+!5!R!44,W!$<X!^*0!g,h!$*#4!5!^-4!B4!)P!g+,<i!8-./X
!,V!"(!D9#P!1+.{!L!Bˆ#+!^3!Bˆ0+!8zN!R!sX$&!B5ˆ;3!U-.f!g5,3!5!D#$-4!‰-4y/&!KB$&
!8&$-!~$x#!5+!K+.V!‚J%&!slm!"\,W+!4,<X!8-$&!,xq3!+B!vm!km${!"(!R!8*F6c!vm!^C54
!L$h.VM!)$(!jn:$F:+!)+!R!!45B!5+!4+,3!vN5,&!slm!"\,W+!DX+8/p!]5ˆ%3!+B!jc$&!k:$c!5!–
!"(!‰*#!B+4,(!,Z3!44,Z#!‰63!y*š*V!)$ES!^-+!)$'Q54!5!]$3!5!t$'3!M+!+B!$*#4!jV+!5
!,&!D<V!5!R!48/F#!=#$N!O$nm!k9(!B4!D<E#!"(!8-$&!jh$0!5!L!8/#+4,W!,f83!g,fP!K+,&
!D<V!5R!!48/F#!=#$N!O$nm!k9(!B4!D<E#!"(!8-$&!jh$0!5!L8/#+4,W!B.>/3!=h$&!,*f!k6c
!)$'96W!DVy#!5!)$'9&$C!,&+!jb<&!+B!='*W!!7$S!5!,<0!5R!!4B+4!B.>z3!=h$&!,*f!k6c!,&
!!!L!4,<X!O+54!5!g$Fi!=&
!!!8#$3!=V+.%#!5B8#$(!K+!"F6(
!!B+yV!"\!8{!"\!74!"\!g,<0!]$Q
!,W+!5!8QB!,f•&!8/(!r,f!,W+!"(!R!8#+BˆZ#!7y-B!Y/Q!DSB4!M+!]4!B4!+B!]$3!D:y/3!5
!=;N+!B$3!).\!+B!)$#M!DFb{!5!R!8#$<#!=C5$xC!]$xQ!5!Y/Q5!)P!)$*3!4M$Q!g,*f~
!5!O$0!5!ƒ$f!5!R!Df54!)+.'#!K+!"9*(!5+!K$N5!,&!5!4.&!)+.'#!^<-+!•*V!5M+!"(!4B+8/p
!B4!48/9e#!U-.f!1$&!B4!"\,V!5!8Q$/X!4.f!y-y0!Tx#!).\!+B!)$*<:$0!‰-4y#!5!B54
!5!8/'N,W!•:+!5+!$&!$C!8*34!=3!)$?-,&!).9N+!5!"3834!‘<#!^-+!M+!L!48#.*e#!)+,Z-4!vm
!"_*'#!LD?l&5!DN,Z&!+B!54!,V!"6<m!‰*&!L!8/'NB!,'?*p!).>C!5!M,bC!=&![B$N!5!^3P
!D?W!,V$|!"6<S!^-+!,&!R!DX+4!B$l3!uFc!5!†*Ff!"6f4!).\!R!B+4!7M5B!‡J{!,i!+5!8VM
!,-,zC!"(!B8h!^-+!5!L!D-$E#!=&!5+!k-$;3!5!DQ+!r+y3!^*<V!+B!5+!B8“!5!•$x#!5!O.&!B$(!5!L
!B+,h!^-,&!$<X!K+B!"(!4$F3!5!L!DX+8/p!8-$&!K+!"6;X! M54!M+!5!K+!"0,S!=-$-B4!M+!4$'N+
!!!8X!ž.63!O.3!74.'Q$#!B+4,(!5!1.f$#!B+8-8&!=V$X4$p!,9N+!7$W,V!"\!R!4,*W
!!LDN,W!,9N+!)P!B8#+!Y/Q!)$<QP!M+!7$3!5!,E3
!5!•Q$'3!O.&!5!L!8#4,(!A9N!O.&!D;&$'3!D<-y0!5!8/'9S!M$&!B$(!)P!M+!B$Fl*&!)$“,3
!D?W!7M$C!='?m5!.C!5!^3!)$*3!5!R!K4,(!B5!"/*(5!74BMP!+,32!DxW!+B![+!M5!8#$<&!,*b'3
!$-!DQ!74.&!K+!"z&$Q!+B!1$&!^-+!^3!k#$S!M+!s#+4!=<#!5!L!8#+4,Z#!Ê(!+B!)P!B$WM5B!"(
!!¤='X+4!kS+5!DxcJ3!^-8/\!+8'&+!j*FQ,&
!5!R!4.X!M$&!j{+!B+,h!"&$C!8:$F&!5!8ES!=f$X!5+!A*&!M+!,fP!8#,F&!='fB4!,W+!"(!8#+8&!5«
!=9(!B4!7$(!‰6*&!)$l*p!5!R!4,-ˆp!O$*':+!5!4,(!)+.C!rJ0!sV!8'N+!='m+,S!,*?<?&!,W+
!,V5!R!8X$F#!,-ˆp!rJ0!yW,V!^%Q!Dm+,S!5!R!44,W!^l<3!sV!)P!)4B5P!)5,*&!8/*?#
!!!L!8#$3!=h$&!,V8:+!8&+!)P!4B45!8-$*#!)$l3+!B4!)P!)4B5P,&!8QB!]8&!)$&M!4$?W!M+!"(!,nC
!!].{!^3!8X+!].h!1B
!5!•+,N!+B!v?0!5!,F{!+B!s“!R!5!…$-,C!+B!,VM!R!5!1P!+B!UCP2!DQ+!K5B+4!+B!KM.Q!,V!5
!.C!O.h!5!$3!)$*3!5!L!4,*<#!KBˆW!K5!,&!$V$-B4!"<V!,W+!R!D9'-$E#!=&!g4$3!+B!8zm!UCP
!!L!4BˆZ&!$-,i!r5+!M+!5+! $X!5!8Q,&!K,i!,;z&!5+!A*&!"(!DN,W!K$S!)$/\!g5+80!]$E#
!2!"(!8*?-8#+5!D?W!)$<*?p!U-.f!"'xW!M+![+M!LDN,&!8*3.#5!74BMP5!!DxZ&!j>N!^-+
!7yn'Q!)$/<X4!5!DQ4!7,*\!)$<>f!+B!4.f!O.h!5!+B!4.f!)+,Z-4!K+,&!5!O4,(!=#+4$#
!,&!"(!K+!"x-$c!5!L!O4.F#!,CB+5+yQ!Db*>#!^-8&!)$“,3!,Z-4!M+!j-5$C!•*E&!5!L!O8•x:+!B$(
!,'E&!^3!M+!Da5$x3!^-+!`:$>3!5!O.&!k-$;3!"\,W+!R!8#4B.%#!s“!^-+!8/'X+4!O8zC!^3
!)+8&!^3!g,lN!"(!8#4,(!K+!"?-8#+!)P!—-$'#!5!†-8m!^-+!kh+.0B4!^l:!L!8/'9#+4!=3
!5R!!8X!"'xW!"ES+.3!B4!"(P!,CB+.X4!5!L!Df$/?&!.l*#!)P!g,;3!5!g,w3!5!R!8*Q,#
!!!L!4.&!g4$-M!)P!"/*(!5!8zm!‰X}
!5!R!4,<?#!y-$S!D?h$/3!5!g5+80!‹,;C!4B+4!O$<C!Dzi!U-.f!g.h!5!5By&!,W+!8/34,f!5
!4$<'0$&!4BP!DQ8&!$V5B+4!t+.#+!5!…$-,C!"(,V!5!L!8/*F#!+5B!U-.f!D(.X!5!g80!,&!"*lC
!)+.'#!D-y3!)P!.l*#!^%9&!"(!DQ+!=6;N!.l*#!B4!,/V!5!L!8-$</#!O+8h+!)4B.f!,VM!,&!)P
!U-$3M•&!$VB$(!DFh$0!B4!8X$&!,{$h!)+M+!].h!"\!,W+!‰*#!j;N!,i+!"l#P!K+,&!R!!DN$-
!gB$F0!^9b&!+B!$E*#4,($#!4B+4!)$bSB!j<0,&!5+!].h!"l#P!M$&!L!8-P+8*p!,C!"'Q+BP!"\,V
!5!L!8?(!D3J3!5!D3ˆ<&!)P!kh+.0!$3+!8-+B$*&!)$&M!g5Jb&!)$34,3!s?\!B4!5!8#+5$9p
!}+!5R!!s/l#!=N$(!,&8C!5!=N$X!j3$C!$VB$(!sC+.f!B4!"(!s6;N!,{$h!^%Q!`S+B!)P!^3
!M+!Tp!5!=34,(!gB.?3!=9(!$&!D9%#!=<'X+4!4,f!,W+!5!O4.&!=/•'93!DV$xQ!^-+M+
!B4!"(!R!=<'xZ&!K4.&!7y/3!5+!"l#$/\!M.3,3!M,'b3!=6>N!D<-y0!B+,h!5!g,lN!]$<0+
!"\,V!Dh+ˆm!5!DN$>m!5!DQ$*(!5!4,f!M+!^'Q.*p!D6f+83!"E-8&!,&!•By&!^*/\!sE3
!7,3M!B4!8/(!t,X!$VB$(B4!)+8/34,f!gB5$?3!5!)$b{$#!gB$X+!=&!"(,V!L!8X$&!,CB54
!2!OJ9:+!"*60!DxW!8*Q!"l#$/\!R!4.X!1.9/3!D:$ES!5!=#+4$/&!5!R!!44,W458;3!)+,-,X
!O4.&!M$*#!=&!KB$&!^3!5!L!"'_b&!s{$%<:+!"6<;&!=€+,<:+!"-+,&!k_;<:+!=#+8m.:+!='3+!B+,X
!!L=/<X4!^-+!k9(!5!=<>f!^-+!‹,;C!M+
!L!j*6:+!kc$b(!B$„l<:+2!8#+.f!5+!¥.W!B4!j„3!^-+!5!4,(!J3+!5+!]4!,&!jz0!].>N!^-+
!=Z-$/<X4!g$38z3!4.&!^-+!L!8-,e&!5!4,(!='3J3!t.#!^-+!M++B!^'?-.f!5!8*ec!='0$Q
!!!L!4$'N+!,-,zC!"(!O.&!5!$3!)$*3
!‡$''N+!B$(!^-+!^%Q!LDQ+!j<'?3!B$*9&!8-+.N,&!)P!^'f$/X!5!D?W!O.6;32!DxW!‰63
!L!4.&!8#+.C!^<w'3!+B!,l?:!g$_#!5!,c$f![+,N!"(!U-8#+!K,*&8C!5!s-B+4!U*p!"(!^(
!83P!74.<#!M$&!DQ!783P!M+,N!"š#P!JS!M+!M,bC!5!r+,f!D*V+,(!Y/S!…,C!=/;3B!42!DxW
!K+B!D&${+!"&!)$9(!B$*9&!"(!R!8X$&!=S,N!+B!$3!D6*m!M+!=0./&!"(!OB+4!=3!8*3+!^l:!L
!,l<&!K+!"x-$c!"l#$/\!R!!8*QB!)+.'#!)P!]$„3+!B4!7,&$l35!g.z&!"(!8#83P!M5,*p!$VB$(,&
!!!2!DxW!•!"#.Z\28*Q,p!‰63!L!8#4,(!)5,*&!DQ4!M+!8/eQ.W
!5!8/'9&!B4!u<c!R!8#8-8&!)+B+,c!K+!"x-$c!7+B!B4!L8-,f!K8/eQ.W!)$&,h!DES!M+!K8V+M
!583PB4!5+!U*e&!^C!‰-!TpR!!8/#$'9&!8/eQ.W!5!8/F-,x&!+B!5+!"(!8#4+4!B+,h!,Z-4!‰-$&
!"(!4B+4!=3!B$lX!D<-y0!A*X2!DxW!K,Z-4!•!K,&!=3!$_(!YQ!^-+!R!A*X!K+2!DxW
!"(!4B+4!=3!B$lX!D<-y0!A*X2!DxW!5!DQ.*p!58&!O.Q!L!DQ+!"'N,W!DQ4!B4!YQ
!R!DQ+!‡J{!jV+!g.9(!B4!4,3!^-+2!DxW!5!DQ.*p!58&!O.Q!LDQ+!"'N,W!DQ4!B4!YQ
!5+!k*QP!M+!+B!4.f!"3$S!5!DQ4!5!8//l#!KM$&!YQ$&!)+8V+M!"(!R!8-$<#!=<#!8V+M!$3+
!+B!4.f!5!4$'N+!8V+M!]4B4!=lX!$C!8/'xW!=3!y*\!,V!v9#!^-+M!+!R!8//*&!kS+5!D#$*{
!K8/&!s?\!5!DQ!74.&!54$S!^-+!78/X5,N!"(!4.&!8-$X!2!"(!DxW!5!8*#+4,W!sE'3!)+B4
!!!L!4,F&!5!8/'N,Z&!D0$<S!)P!5!DN,&!5!DX+ˆZ&!+B!8/eQ.W!"6<S!B4!L!74,(
!7$Z#+5!4$E#!8-$&!=3!B$(!B4!O8h!+B$3!,l3!5!D6*b&!"(44,W!B,z3!$C!O4B5P!)+8&!j„3!^-+!5
!5!8/(!=<?f!^3!,&!J3!B4!‰63!"(!s/*&!=3!1+.{!)$/\!5L!8-$<#!K5B!"/-+,V!g,>#!4.f
!45,&!,l?:!=3$<C!$&!‰63!5!R!8//Zx*&!DfB4!,-M!B4!5!8/-}$*&!).%&!5!8/#y&!+,3!$C!8-$3,x&
!^'?-.f!D6*m!5!,l3!M+!^3!$C!R!8X$&!^3!)83P!,q'/3!5!8-$3,N!O$z3!ua.3!)Jx&!5
!)+8&!s?m!5!,l?:!$&!5!4+8&!]$„3!)P!K5!1$&!B4!‰63!L!s/V$W$*&!+B!‰635!s-$*&!5!OM+4,e&
!!!L4.&!78*#+4,W!^*;3!"(!DNB!ua.3
!B4!5!4.&!74$E#!4.f,&!—#B!)+8/\!"(!+B!5!+5!R!8/'N$*#!+B!)$“+M!5!8#83PM$&!)$3.&!kX!)P!5
!"'9VP!R!44,W!jc$&!5+!=;Q!5!8#4,WM$&!)$3.&!"(!8*Q,'&!L!8#8-8#!sV!"'9?#!B8“!^*<(
!5!8#4./?&!5+!M+5P!)$3.&!$C!8*:$#!=3!5!4+4!=3!M+5P!O,#!O,#!5!8*š*p!=3!4.f!$&!"'9VP
!$_(!)$“+M!5!='9*(!.C2!"(!8*Q,e&!5!DNB!5+!K.Q!8/\!=3.&!$&!‰63!L!8#4,(!,Ff!+B!‰63
!]$m!4.f!4.X!=3!78*Q,p!)$“+M!†-8m!M+!"š#P!2!"(!DxW!5!DxZ&!B8p!5!4.f!O$#!•!8#+
!)$“+M!‰63!,cM5!^-+!2!DxW!‰63L!4.&!s#+.'#!)$?-+!B+,Q+!ua.3!^3!"(!DQ+!j*:4!^3
!!!L!DQ+!"'NB!kFQ!"š&!K5!,&!B.EC!^-+!"(!4,(!8-$&!O.6;3!L!5+!,*?3!5!,Q!km${!5!DQ+
!)P!$<X!).\2!DxW!•kFQ!"š&2!"(!8*Q,p!L!4B5P!=#$<W8&!^3!B4!+B!O58%32!DxW![+M
!";h+5!^-+!`:$>3!M+!"š#P!5!8*/(!=CB$X+!"(!4.3,N5!8#+.%&!+B!$3!‰63!8-4,l&!).%*FX
!"(!R!8X$F#!D35$z3!Dh$c!O.&!$&!+B!$32!s'xW!L!O4.&!5+!)$l-4y#!M+!^3!5!L!8*-$<#!M$&!8*#+4!=3
!].QB!"(!D9/-+!K+B!L8#B+4!U*&!D(.X!5!g.h!5!D9C4$-M!Y/S!B4!)$?-+!K,*:4
!R!s*/W+,p!$V,EX!B4!}+5!R!=#$Z-$X!8X$&!KB$(!s*&$-!D&$S+!,W+!R!s*V+.f!`6{!5!s*'Q,N
!"(!4.<#!8-$&!ua+.C!5!L!,C!v-}!`6{!+B!$3!5!DQ+!,C!vN+.3!+B!)$?-+!k#$S!Y/S!"(
!7$*W!"(!=/nF#!5!L!4,(!)+.'#!uN4!ua+.C!5!•n6'&!yS!+B!DQ4!7,*\!]$m!K.h!^<X4
!4!)$“+M!•!8/(!!j*3!"(!k#$S!,E&!5+!$&!^'?W!5!+B+8<&!D%Q!4$&!M+!8Em!D3J9&!‰?f
!Db*>#!].Fh!M+!‰63!5!ŒL!KB+4!j*3!O.&!k#$_&!.CŠ!"(!8#4,(!sE'3!+,3!5!8#8X!s?fB
!+B!Y/S!"(!O8-4!)$/\!)$?-+!s0M!B4!5!L4.3,N!=&+ˆ0!"6<S!^-+!,&!+,35!4.<#!‹+,0+!^3
!B$(!B42!"(!8*Q,p!+B!U-.f!)+,-M5!M+!=l-!4./?&![+M!^%Q!).\!)$3.&!‰63!R!8#M$Q!=3
!M+!+B!^*3M!K5B!,C45M!R!D9*#!DS$m!"?-8#+!•*E&!5+!B$(!B42!DxW!•=/*&!"\![+M!^-+
!,l3!8-$l3!M+!$C!R!DQ+!=';x/3!O$<C!5!='m+B!s*q0!+B!$3!"(!4,(!8-$&!…$p!5+!g8*z0!†Ff
!='{,N!"(,VŠ!"(!8#+!"'xW!5!L!8#B$<X!•By&!v'N5!j6f!+B!5+!•,3!)$“+M!5!R!s*&$-!r,N!5+
!5!•*;a!+B!^<X4!"(,V!5!–!4B+8#!4.Q!=#$<*?p!5!4.?#!B4$h!)+,&!,Z-4!B$&!8#+4,W!D-$N
!yW,V!5!8&$*#!]$_3!U*&!8#$V,#!M$&!5!M++B!^'?-.f!5!DN$-!DQ4!=EC5!U-5B45!8-4!$E/C
!]$m!"<E&!5!4M$Q!g805!4,*W!g.h!D9_&!"cB5!)P!M+!).\!^<X4!5!R!8Q,#!)+B4
!B4!+B!5+!).9N+!5!8/l#!g$x':+!5+!^%Q!‰63!$C!B$E/-M!ŒL!8#$QB!=-J&!5!8-.S!='{,N
!B$l3!^<X4!$C!R!DQ+B54!Oym!M+!)4,(!4$<'0+!74.3MP$#!)$'Q54!,&!"\!R!8V8#!K$S!¥.W
!!L+8-5B!d$/:$&!vi!2R!OJ9:+!=60!=F/:+!]$h¤!8QB!"\
!4,(!s#+.'#!=CB$X+!5+!^'?(!B4!^3!2!DxW!•!=-.W!=3!"\!.C2!"(!8*Q,p!+B!,Z-4!,-M5!‰63
!^'N,W!DQ4!)Jh$0!5!R!8X$&!D<mB!5!,&!jV+!g80!5!480!=&!•;w'93!^<X4!"(!R
!)$*#$ES+,N!)$9m+!5!.x0!B$E|$&!+B!4.f!‚${5+!OB$l3!5!8/-.S!K$p!D?Z#+!"&!T(!^*/\
!5!L!8X$&!^*;'3!5!D&$i!+B!5+!)P!D*6V+!"(!L!4+4!8-$&!)$3+!+B!)$Q+,V!KB$E/-M!5!L!8/-$<#
!5!vx?3!K.X,&!4M4!+B!)$WB+M$&!)M!"l#$/\!R!8/(!)$&,E3!^<X4,&!+B!O4,3!$VB$(!=w;&
!!2!DxW!•!"#.Z\!2!8*Q,p!‰63!L!DX+8#!‹,“!)P!"\,W+!R!8*#+4,W!)+M,:
!j{$m!).\!K5B!DX+4!=#M!5!R!)$S!)+,W!5!K5B!^<X4!D-$•&!$3+!]$3!B$*9&!4.&!=#$WBM$&
!!L!)+B$lE/W!"3$#!).\!•:M5!)+B$(.l*#
!5!R!K4,l#!^*l<C!j-5$C!•*E&!"(!L!)+y-,W!5!B.x#!5+!5!vX$0!)$ES!K$VJF&!5,&!K.X
!!!L!='9-y#!5+!4+,<&!J„3!='0$Q
!!!D?W!=3!,C!).'x3!M5B!,V!4,3!5
!!,xq-}!k:$c!=/;<:+!)+
!+B!5+!R!8*Q,'&!4M4!M+!)M!L!4.&!1+.f!B4!)$WBM$&!L!DNB!)$?-+!"#$f!B4!4M4!kX!‰-!$C
!D6*Q5!O+8l&!5!D9'zxX!"\!^-+!2!DxW!5!83PB4!1+.f!M+!L!DN,W!B$/(!B4!slb3
!"š#PL!O8h!…B$F3!4,3!,*X!K+2!"(!4+4!M+5P!8-8&!+B!4M4!).\!•!s'?W!D<;#!^-+!,CB+5+yQ
!!!L!8X!)$&,E3!^3!,&!)M!^-+!.C!^<*&!"(!,F&!…$p!]Jm!=V+.f
!8-P!"'X+ˆW!=h$&!+B!5+!"(!,C!=:5+!)P!2!DxW!•!8/*&!"\!.C!+B2!"(!8*Q,p!+B!O.Q!,-M5!‰63
!jh$0!5!L!4BP!K$_&!ƒJf+!5!Db{$/3!1+.&+!‰63!D38f!B4!5+!"(!R!4.3,N!O$;#$&!5+!K$_&5
!L!)8/ZN+!=V5,W!54!)$?-+!)$*3!=0./&!5!)4,(!+8S!,Z-4!‰-!M+!+B!)$/<X4!4,<X!,x|
!.-4!5!4M4!‚Jf!B4!"l#$/\!8X$&!B$(!O$q#!5!]4![+,N!kS.3!)$<>f!"<6(!‚J'f+!"(
!!2!DxW!•"#.Z\2!"(!8*Q,p!‰63!L!4.&!+B!4,3!$QB$p
!D9?#!5+!kz0!B4!8-8&!)P!K4M4!L!4,&!=3!"#$f!K.Q!5!8'Q$X54!K5$W!K8-,3!M+!K8V+M
!2!DxW!•='9*(!.C2!"(!8*Q,p!5M+!4M4!L!8X!7+B!sV!5+!$&!=34P!gB.{!B4!K.-4!L!4,F&!5$W!$C
!LK.WM$&!4.f!]$m!sV!.C!R!s?l&!+B!5+!5!L!s&$-!='{,N!$C!K5B!=3!8V+M!^c+!,i+!,&!R!.-4
!‰-!DzN+,<&!54!,V!Tp!L!O4M8&!8V+M!5$W!"(!s?-8#+!=3!R!O+!"?*p!B$*0!4,3!^32DxW
!+B!5$W!5!DNB!"#$fB!4!8V+M!L!8#8*QB!$_#P!=V$Z#$FX!L!8/'NB!5+!"-5+y&!8V+M!kz0!B4!,Z-4
!)4,&!M+!U*p!.-4!,W+2!"(!8*?-8#+!4M4!L!Df+4,p!='m+,'Q$&!5!DX+8&!•60!B$<*C!5!D9F&
!R!8-PB8&+.f!M+!8V+M!4.X!M$&!$VB4!5!4,&!)5,*&!.€$W!4M4!,W+2!DxW!.-4!5!L!44,Z#!^l<3
!5$W!.C!7$Z#+5!R!sl?&!+B!4,3!D9%#!^3!$C!74!='6E32!DxW!+B!4M4!L48/F#!gB.{!^'?(
!…JV!+B!5+!Tp!R!O,&!)5,*&!5$W!^3!$C!,C!=:5+!.C!DES!M+!•h.C!2!"(!4+4!1+.S!4M4L,F&
!"(!4+4!M+5P!+B!8V+M!4M4!5!L!8*?(!":4$_<&!5!D?W!s-$h!)$?-+!)$*3!‚Jf!^-+!L!=/(
!B+8*&!8V+M!L!4,F&!=3!5$W!4M42!"(!4,(!Y#$&!sV!.-4!5!LD?(!8V+.%&!+,C!5!D9-.-4!$_/-+2
!)$/<X4!‚Jf!kF9&!8V+M!]$3!5!Tx#!5!8/'%-,Z&!54!,V!)$?-+!5!8#83PB4!)$34,3!5!8X
!4,(!=3!gB$X+!^'?l&!"(!]5+!,-M5!8*#$QB!,f•&!j>N!^-+!O.Q!,-M5!).\!L!8#$3!s693
!ua.3!"(!8*V+.f!=3!)./(!+5!R!Dx-,x&!,l3!5!).9N+!"&!+B!$<X![+M!^-+!"(!s/*&!=32!DxW
!M+!"F/p!5!8-.X!B+8*&!D6x“!1+.f!M+!R!s-$<#!=3!K8*($C!L!8-B+ˆW!u-$a!+B!’$*'m+!5!Oym!5
!B$(!K$/&!)Jh$0!"(!R!8-B+4!kS+5!=N$X!j3$C!B$(!^-+!kh+.0!B4!5L!8*?(!)5,*&!¥.W
!B$'x(!).\!5!R!8#./X!y**<C!u<9&!s>f!^%Q!5!8/E#!1+.{!780$h,&!^<X4!)+M+!5!4.f
!O,#!v6<C!…8#$&!5!8/-$<#!s(!g$x':+!=#$;3!^-8&!)JN$“!M$&!5!R!8#.?#!"'x-,N![5B4!B$'xZ&
!)$?-+!M$_3!t$<Q!5!L!8#y*f,&!ž5B.3!K$EC5+80!5!s-8h!K$V8zm,Q!M+5!8#BP!)$*3!B4!]4
!B+,h!^*'XP,&!]4!45M!5!R!8/-$<#!v-8>C!+B!^<X4![5B4!$C!8#M+8#+!B54!"/-$;3!Dz*zm!M+!+B
!!!"(!8/#+8#!5!R!8/V4
!!!4.&!DQ54!Y/S!).\!^<X4!`6{
!!4.&!DQ.p!.\!5+!y•3!5M+!"(
!=3!,W45B4!)+8&!DQ+B!5!L!8-$<#!=3!4+8•&!s?\!B4!7,>&!B+,c!=#+4$#!M+!"l#P!,CB4$#!5
!!2!DxW!•!"#.Z\2!8*Q,p!‰63!L!D?W!"'x-,N!B$l&$#!)M!DxZ&!"(!=#$3
!!DX+4!=#M!K,W45B4!k-8#,Q!,E?&
!!!KB$lX!,*X!7.?;&!KM$&!"&5B!780.&
!!^3.3!,*<a!B4!‰X!]$*f!).\!=x:M5!)+,N$(!]4B4!OJQ+!D<EC!).\!DX+4!=-5B
!+B!K+!"-$9<V!5!R!='x*l?#!5+!B+8-4!M+!='0$Q!5!K4.&!).'x3!5!"'x*X!‰*#!58&!vb:+5
!5!8/'N$-!‚.h5!)+,&!)+,9f!"x-$c!5L4$'9-+!O,W!g8<&!)$?-+!)$*3!B$(!5!4$'N+!K,q#!58&
!DxW!+B!)M!R!8/(!…B+8C!7$Z#P4BP!j{$m!=#$z-+!g4$-M!"l'Q+.f!L!8#4,(!OJ0+!+B!,W45B4
!4.&!8V+.f!=xh.C!8/\!M5B!$3+!R!D9*#!DN$93!U*&!=Z/Q,N!‰-!O5B!=3!+$'Q5,&!^32
!"#$f!B42!"(!4.3,N!5!4,(!t+45!+B!)M!,W45B4!L!8*#+4,W!$*E3!]$m!B4!L!M$9&!K+!"X.C
!!!L!8'x*#!=66f!^3!DF*“!B4!$C!DX+8&!.l*#!¥$<h!"?-8#+!5!D9&!8-$&!’$*'m$&
!7,EF#!7+B!M+!=V$Z*&!,W45B4!5!–!4+4!B+,h!)83P!4$;*3!5!8*#$V$W$*&!+B!7,*3!)M!DN,&!5+!).\
!R!D(,&!8/'NB!7$Z&+.%&!"l#+8/\!L!4,(!•h.C!='0$Q!L!8-4!$_#P!+B!O.h!7,*3!–!DNB!"#$fB4
!R!!8'N+!5+!K$p,&!)M!s?\!7$W$#!L!8/(!78V$?3!g.6f!=h$&!$C!DNB!D(!,-M!B4!7B$š*&
!K.X!K$-!KB+4!,'Q54!+,3Š!"(!d,e&!5!^(!8/6&!M+5P!2DxW!+B!"h.?;3!R83P!J&!"(!D9#+4
!!LsQ$/X!=<#!DS$m!)+8&!+,C!5!•!K4$'N+!).\!]+.Q!^-8&2!"(!4+4!1+.S!8*Q,e&!).\!Œ•+B
!M+!g.EX!K5B!M+!$-!D:M!5!.EQ!K5B!M+!+B!)$#M2DxW!)M!LDN,W!DQ4!,&!‡$b:+!=/;3!)P!B4
!g$x':+!)$?-+!k9#!5!k9b&!"(!8//-yW!)$'Q54!T/S!^-+!M+!5!8'N+!$Ei4$m!t.#!^-+
!5!Tx#!DS$m!).\!5!R!8#B+8#!,F';3!+B!)$?-+!4.<b3$#!g+4$0!5!=a,3$#!•Jf+5!R!8/-$</#
!B8p!D:y/<&!K.X!^l:!L!8/X$&!)$Z#$Z*&!,Z-4!).š<V!)$?-+!‰-8#y&!8X!s(!g.EX!g.h
!Tx#!M+!B$&!B+yV!K.X!"(!=#M!4$F3!B+4B.f,&!yW,V!5!R!DQ+!8#M,N!D&$„3!5!B4+,&!jb3!5
!!L!8V+.%#!5+!Dm+B!5![+,N!K+,&!=#$W8#M!5!)$S!5!R!4,<?#!,C!=3+,W5!,Cy-y0!U-.f
!O8X!B$(!7y&!2!DxW!4.f!$&!5!4B5P!]4!B4!='<mB!5!='hB!4./?&!j>N!^-+!,W45B4!).\
!=&!,W+!R!)+M.Q!^3!v?0!B4!5!B+,h!=&!^3!s“!M+!^*l93!LO8*:$ZQ!=3!K5!vm!B4!"š#+8&
!8#+.'#!O.>;3!.EQ!M+!78-,NP!•*V!L!4B+8#!"S5!)4$E#!)M5!^-8/\!+B!)P!8/(!=-$nf!]4
!1P!5!s/l#!™•/3!)$?-,&!U*0!KB$&!=:$m!5!O8/ZN+!]$&5!B4!+B!^'?-.f!74.E*&!^3!L4.&
!!L!8X!B$Q.Z#!kX!D-+B!$C!4.&!=3!D%C!,-M!B4!)$/š<V!L!Oy-,#!4,3!^-+!U*p!5+!K5B
!!8*?(,&!].z>3!D3J0!5!83P!`F{
!!8*34,&!B.N$(!"3$<X!)$<QP!M5
!!U-.f!4.F(!,;X!"c,h!DQ4!"(!=-.W
!!8-B4!5,N!+8<;&!‚$#!7$Z-$S!$C
!^'?-.f!)ML!D9?/&!D(!K}$&,&!5!83P!)5,*&!=Z'9V•&!,W45B4!5!D?WM$&!"#$Z*&!4,3
!+B!4,3!)P!^3!K4.&!1$_m!.C!B+MP!"#!,W+2!DxW!5!4,(!B+8*&!U3BM•&!‰*#!L4,(!1+.f!B4
!vm!B4!.C!='Q54!^3!).\!^l:!R=34,(!)$|$xm!=&!,Z-4!g,F0!5!=38*#+4,W!B._#B
![+,N!K+,&!=#$W8#M!"(!DQ+!B,z3!5!R!sQ$/X!=3!4.f!]+.m+,&!.C!DzxX!5!s#+4!=3!U-.f
!.EQ!"S5!M+!=?-8#+!=#$?-,p!t.#!^-+!M+!,W+!R!=V+.f!^3!B+8-4!K+,&!=-$/*&!5!=F6c!^3
!OM}!^'X+4!7$Z#!.C!T#.3!OBMP!5!)4,(!D-$0B!.C!DQ54!k#$S!L!8<0!v-,c!M+!"#!8X$&
!!!L!8-P
!Ky*\,V!.C!1$&!B4!"(!^(!jb&!+,3!5!R!783!7+B!4.%&!+B!g,x#!5!d+,V!5!B+4!K.h!]4
!=3$<C!^*F#$S!s?f!5!4B5P!)$*3!B4!=<6m!y*#!)M!L!DX+4!=#$<W8&!t.#!,V!M+!5!O8*?-8#+
!!LD?W!j-+M
!5!•By&!+B!U-.f!"/-$;3!5!8-.?#!"'x-,N!,W45B4!).š<V!$<X!$C!O4B5P!)+8&!j„3!^-+!5
!!L8-B+ˆZ#!5,N!5+!7,F;h!5!B5M!5!7~.;X
!!)+8/f!4.&!$C!B+4!)$V4!B4
!!)+8#4!^l&!8/(!=#+,W!).\
!!4.3,N!g8-$&![+4!$_(,V
!!4.Q4B+8#!=E#!sV,3!.C!).\
!M+!+B!4.f!5!8-.S!=l-4y#!DQ.*p!8#+.'#!K8>h!DN$93!KB54!kF9&!"(!^<X4!,V!5
!5!–!4BP!D*3,b3!‹,;3!B4!^'?-.f!•n6C!5!v6<C!5!44.C!5!1,z'&!5!R!8#+4,W!)$b{$#
!sfM!,V!5!R!8/(!B$l&!DQ4!g,*>&!5!)$zC$&!8-8&!$*E3!D{,N!5!DN$-!‚.h5!B+,Q+!,&!).\
!74.3MP!+B!)$“+M!^3!5!L!45B!$nf!=&!$wh!).\!5!L!8X$&!1$_m!=&!•,&!).\!8-$?W!"(
!+B!).;63!^-+!$C!–!"'9#+8&!)$?-+!D-5B!5!K+B!B+8z3!5!DQ$*(!5!=/*&B54!7M+8#+!5!O4.&
!!LD?W!B,z3!)$?-+!B.“!8;&!5!K+B!=/X5B!R!4./?&!5+!^%Q!5!O8-8&
!5+!$&!O,'b3!5!"N,3!5!O,l3!5!y-y0!+B![+M!)P!$C!R!4.</#!g$x':+!5+!gB$X$&!)$3.&!‰63
!4.&!j-$3!5+!^'?l&!"(!,-M5!)$<V!L!8/-$<#!D•:$F3!DX+4!.l*#!B4!$C!4+4!]$„35!R!8#4,F&
!B8“!M+!=/*;:+Ñ,c!5!8*/(!)$/<X4!).\!=#$W8#M!K5!$&!KB$&!8*?(!=<#!+B![+M!,W+2!DxW
!‰63!D9*#!5+!]$m!Db6>3!5!$3!B$(!g89x3!yS!)83P!kS.3!"(!R!8*X$F3!^<-+!5+!,l3!5
!!LDX+4!B+.f!+B!,*q#!=&!,*?3!^%Q!5!4.<#!t$/'3+!Db*>#!^-+!t$<'Q+!M+
!D-4.F0!1+4P!5!D0$c!O.QB!M+!5!D9-M!=3!,'3$<C!"\,V!D3,b&!5+!D38f!B4![+M!5
!]$m!B.f+,N!‰-!,V!D3,m!5!4,(!=3!O$<C!vNB!$x(+!5!)+B$-!$&!5!L!DX+ˆW!=<#!=h$&!y*š*V
!8X!=3!,'x-,X!t$FC+!5!‰63!]4!B4!K5!jb3!M5B!,V!5!L!DX+4!=3!7$Z#!5+!B$(!7M+8#+,&!5!5+
!5+!$&!`:$>3!t+.#+!5!g$<E3!1+.&+!B4!58/'X+4!=3!O,b3!+B!5+!=#$;3!"<V!B4!5!R!45yN+!=3!5
!=&!)$“+M!‰632!"(!DxW!ƒ$“!T6_3!5!ƒ$f!jxb3!B4!KM5B!5!R!8/'Q.*p!=3!gB5$?3
!8X$&!$/E3!4B.f!5!1+.f!+,3!"#.Z\!5!R!4.3,N!D&.z0!+,3!=V$/W!=&!5!4B+M$*&!+,3!=FS.3
!=N!Ñ$l:+Š!8#+!"'xW!"(!•!s-$</#!"#+4,3!4,&!DQ4!+B!5+!5!sV+.%#!U-.f!"/*(!$'C!"(
!,&8C!5!,lxC!^-+!B4!M+B4!g83!5!O4,(!j3$C!=9&!D<E#!^-+!…+B4+!B4!5!Œ˜FS+5!˜;*Fn:+
!s#+.'#!4+,3!^-8&!s#$“+M!gB.{!5!g$*V!B4!^3!JC!"(!s'f$/X!Dz*zb&!5!L!DX+ˆW!B$WM5B
!DQ4!M+!=3.6q3!).\!"(!O+!74./X!s60!jV+!M+!5L!8X!s#+.'#!B4$h!‹,“!^-+!,&!5!8*QB
!"'N,-ˆp!=#$&,h!4M.9&!UC•&!+B!^'?-.f!5!8E/&!•,3!,&!]4!s:$|!)$n6Q!s*&!5!,€$S!s>f
!$C!"(!8-$3,N!8/*&!‰63!K+B!,W+!L48#.*p!D&$S$&!8-.W!]$m!)P!B4!"(!$04!,V!5!R!8X$&!74,(
!O.&!+,3!"(!sV+.%&!R!"<Q+y0!R!KB$&!M+!8*QB!^<&!UCP!=3,W!"(!Dqb:!)+B4!5!8#M.Q!+,3
!)+8&!+B!"'f.Q!,ZS!5!)$-,&!]4!^-+!5!s&$-!DQ4!B$Z<'Q!)P,&!D6*Q5!)+8&!,Z3!R!8#+4,W
!!2!DxW!R!4.&!,a$m!8-4!=3!1+.{!5+!^'?(!"(!O.&!)P!u<_3!^-+!B4!5!L!OBP!j{$m!=x?C
!!!]4!7,*C!":}!.\!5! .X!='9*#!TW,#!.\!,W
!!¥$F3!^Q.Q!5!jW!).š<V!)$&M!74!5!K5B!54!Tp
!5!Y#B!.l*#!=#+5,9f!1+,X!).\!^c$&!`Fh!5!,V$|!]$<S!B4!R!B$l3!K+!R!.C!r+y3!DQ+B!5
!58#M.9&!$VB$&!+,C!†*Ff!"„S!5!8*6p!™%X!,W+!5!L!8/X$p!K5!B4!,VM!"(!DQ+!K.&!¥.f
!Kª(!5!,*<a!†Ff!5!R!44,Z#!U-.f!B+,h!M+!.C!O.3ˆ3!g,*Q!5!…$p$#!,V.W!8/#+,&!$V$-B4
!5!=X$&!"(!"#.W,V!44,W!=3!.C!,V.S!$&!5!R!4M.9&!UC•&!"#!5!4.X!…$p!1•&!"#!.C!g8*z0
!DFb{!M+!.C!j*3!8X!8#+.C![,<*Q!5!d55$c!.C!T*9f!g+~!,W+!5L!=-P!"(!gB.{!,V!B4
!"a,0!=-.?&!K5!,&!+B!7.(5!4$&!5!,&+!5!1$'NP!"(!¥.3!)P!).š<V!R!4BˆZ#!)$“+M!g4.3!5
!M+!"(!+B!=X.3!5!R!4M!"<V!K5B!,&!4,Q!1P!5!4$E#!$E#P!"<V!"/*Q!,&!4B!DQ4!R!8#4,(
!!2"(!DxW!•"#.Z\2!8*Q,p!‰63!L!DN,W,&!B4!M$/&!4.&!5+!T/S
!5+!U*p!K+!"š&!¥.3!¦+.*6“!4.&!"'9?#!KB$F-.S!,&!7.08:+!1$_'93!K8V+M«!
!M$&L!4,&!"#$%&!$C!8*š*p!=W,&!B4!5!DX+4,&!R!83P!='zxX!K5!,&!+B!8V+ML!DX+ˆW5,N
!,'f4!+B!5+!R!=:$;C!4y-+!$C!4,(!$04!8QB!=#$-M!5!8X$&!=_#B!5M+!+B!"#$f!jV+!"(!8*?-8#+
!"-$Q!5!4M!7$\!"-$Q!B4!UCP!¥B$9fB!1$'NP!"l#$/\!R!8*#+4,W!O+8#+!O$<C!jl*V!"'f+4,p
!!L!4B5P,&!7$3!^3,f!M+!454!Ux:M
!8-,3!L!4B+4!kS+5!D*&,C!y-y0!)+8#M,N!).\!"(!4.3,N!5!4,&!K8-,3!‰-4y/&!+B!5+!7$Z#+5
!D*:.xc!O$-+5!8*?(,&!]$-!).\!L!4.<#!•n6C!,'f4!8E;C!B45!DX+4!d$p!+B!,*p!gB$X+
!)$-,p!5!)$*34P!M+!R!D9*#!7B$S!='xS!M+!+,C!5!K8X!•By&!R!,'f4!K+2!DxW!8V+M!DXˆZ&
!t.#+!"(!sV+.f!B4$h!5!$#+.C!K.X2!DxW!,'f4!L!sV4!58&!+,C!$C!^(!B$*'f+!=V+.f!+,(,V
!KBP2!"(!4+4!1+.SL!=V+.f!=3!+B!1$'NP!,Z32!DxW!L!8X$&!j{$m!+B!5+!D(.X!5!gB8h
!8-P!.C!slm!B4!"(!sV+.f!=3!R!D96lX!jFz3!gB.{.l*#!,'f4!^-+2!DxW!+B!1$'NP!8V+ML
!R!sV4!)$?#!,C!K.h!4.f!M+!+,C!^32!"(!DxW!1$'NPLD9'Q+.f!5MBP!K.h!K$#+.C!K.X!"(!R
!8V+M!L!DQ+!,&+!)P!5!R8#+4,W!1._b3!^3!7,E\!]$<S!M+!+B!)$*<:$0!5!8#$X.e&!+,3!B.#!"(
!"(!DQ+!,C!K.h!^3!M+!4$&2!DxW!L!8#+B!M$&!v&$Q!j>N!)$<V!5!83P!5+!‰-4y/&!D0$Q!)$<V
!5!DNB!4$&!U*pLk_;:+.&!DQ4!B4!O+!7,E3!).\!K5!U*p!5!R!4,&!8V+.f!"(!k#$S!,E&!+,3
!,Q!‰FQ!+,3!"(!R!DQ+B!7.(!•Jc+,&!O$<C!g.h!2!DxW!4$&!L!8*#+4,W!7M$C!O8z'3!K$E6>N
!^($Q!5!D&$i5!R!8-.W!=3!M$&!D>z/3!d$F:!B4!+,3!D(,m!O+54!5!R!DQ!74,(!O$#!K$p!…$f
!^-+!7.(!$&!8V+ML,(!¥.W!B4!DQ+!O,#!M+5P!M+!s(!K5!B4!^3!B5M!,i+!5!R!"'N,W!B+,h!K$S,&
!5!8N$l?&!+,3!‚+,c+!"<V!"(!DQ+!,C!K.h!^3!M+!¥.32!"(!4+4!1+.SLDxWM$&!K4$X!5!s“
!K.X!R!8-.W!=3!DQ+B2DxW!,'f4L!8*#+BˆW!s#+.'#!,c$f,&!5+!uN4!5!4M$Q!"#$f!^3!]4!B4
!4.&!8#+.C!^3!T/S!M+!^3!DxS2!"(!4+4!1+.S!R!4,(!"a,0!¥.3,&!+B!5+!8V+M!L!D9/-+!^3
!5!DQ+.%&!=:$;C!vm!M+!5!DX+4,&!DQ4!8V+ML!O4,W!¥.3!^3!$C!^(!$042!DxW!,'f4!L
!K+!R!.C!B$(!5!R!DQ+!^*/š<V!.C!j„3!5!L!DN,&!5!4+4!,Z-8l-!"&!+B!54!,V!L!DN$-!D&$S+
!!!L!4B+4!r+y3!^*<V!R!B+8“!B$l3
!!¤!)P!"#!5!O$<C!^-+!"#!R!=#$3!=V$3!B$<&
!!!=V$3!$-!¥$&!B$3!•=/l\!=zN$/3
!+B!)P!kh+.0!5!4./X!D9#+8#!`-$>#!^-+!DQ+!)$':54!=&!sQB!"l#$/\!+B!)$3.&!‰63
!k*_0!"#$9N+!5!k-,“!j„3!5!K$?W!]4!D-$lm!)$?-+!K+,&!KM5B!,V![+M5!L!8-4!D9#+.'#
!‚.h5!)$?-+!B$Ff+!B+,Q+!Ÿ3+.“!,&!$C!45yN+!=3!U-.f!D*3,b3!B4!=0./&!5!R!K4B5P!=3
!…Ž+B5!$3!2!8*Q,p!8-8&!+B!5+!)$“+M!‰63!).\!L!DNB!)$“+M!‰-4y#!5!8*:.35,N!7$W$#!LDN$-
!!2!DxW!•!O$>0!$-
!!!.C!483!B4!"(!R!OyE/3!K+!.X!4$X
!!!8-P!,x|!Dw(B!5!8*-$C!"6<m
!R!D9*#!BˆW!.C!gB$X+!M+2!DxW!L!4.&!8-$&!+B!B$(!R!s'f+4,e&!D9-$&!=3!"š#P!‰63!D:58&!5
!$VM5B!5!8#+!7.(!)JN!B4!)$3.&!=3$<C2!DxW!L!4.X!74+4!]$„3!$C!K$<#!M$&!Db6>3!gB.{
!$C!8-$3,x&!+B!)$“+M!‰63!L!DQ+!B$*9&!Oy*V!=l-4y#!)P!B4!5!L!8#.X!=3!"6<S!KB$“B4
!=3!8/eQ.W!=:+.m!)P!B4!"(!)$#$FX!Df,&!5!L!8/E/&!KB$“!B4!,&!5!8//(!jz#!)+M+!KB8h
!)$“+M!$C!8V4!]$„3!‰63!L!sE#!Oy*V!,-M!5!OB$*&!)+M+!=“5,N!^3!R!8X$&!UCP!8/#+,\
!B4!"(,V!5!4M.9&!8-P!)5,*&!)$3.&!M+!"(!,V!DN,Z&!UCP!).\!L!8/#Jš&!+B!)P!,p!D(,b&
!!!L!4,*<&!454!M+!8#$<&!B$“
!D6*m!^-8&!)$3.&!=3$<C!5!R!8/'NB!M$&!sE3!)P!U*p!8-4!1+.{!"(!k*C,C!^-+!,&
!5!‰63!5!L!8/'?WM$&!O$l'Q54!5!)$34$X!"<V!5!83P,&!•By&!`'N!+B!)$“+M!5!R!8/'f.9&
!1$EQ+!5!1$/c+!5!8#4.<#!D•:$F3!5!.6“![+M!)P!=a,3!,i•3!5!8*<m!=0$93!,(~!B4!,l?:
!^-+!M+!"\,V2!"(!8#+B!)$&M!,&!)P!K$/i+B!4!R!DxW!1.f!K$V$04!+B!‰63!5+!5!L!8#8-4!kS+5
!K8>h!)+,&83!)P!"(!O8-4!M5B!)P!j-$%3!^3!L!8X$&!‰63!D:54!,x&!8V4!DQ4!t.#
!!!L8#4,<X!y-$S!=3+8h+!T/S!)P!M+!5!8/'Q.*p
!!! ,Q!s?\!.C!‰6<&!B$(!8*eQ!)P!4,(
!!7$*Q!5,&!8X!)$ES!5!D?W!K5B!4BM!$C
!B4!8X!^l<3!"#.Z\!,F{!M+B4!g832!"(!8*Q,p!+B!5+!‰63!gB5$b3!K$/i+!B4!KM5B!5
!s*£:!B+8-4!M+!s-,(!5!4,(!8/#+.C!s(!D35$z3!B+,X+!DFb{!$&!B$*f+!"(!•!O.&!gB5$_3
!8-+8X!M+!R!O58%3![+,N!5!$aB!K+,&!R!jh$0!^l:!R!DQ+!^*/š<V!2!DxW!L!8X$&!)+y-,W
!’$?/&!K5B!7$3!•.?;3!5!7+.f!]4!B$-!).\!+B!)P!8-P!U*p!"(!D/b3!,V!5!R!8-$</#!k/_C
!5!758#+!O$z3!B4!Dz?3!5!=3$($#!,E&!D<-y0!D&$i!D<V!km${!5!L!4,*W,&!B4!DF“B!5
!!L8'x*#!g,_a
!78-4!D-}5!5!‰63!5!g,*?0!5!Tx#!)+B45!D?W!ž4$m!…M$#!sE3!5!•By&!B$(!$_(!,V5
!B,z3!).\!8'N+!j<bC!=':ˆ3!5!45B!=;a+.C!u<h!5!s>f!uN4!K+,&!)P!`C+.N!B4!,W+!8X
!"(!R!4B$*#!=#M5!8/34,f!‰-4y/&!4.&!8V+.f!)5,z3!g,>#!5!`'x&!)P!kh+.0!"(!8X$&
!!ŒL!"<*C+.f!j<;:+!…J3Š!8-.W!=3!t,X!km${
!!!M5,3+!.C!O$(!8/(!A6C!=<V!"(!K4,W
!!!`'N!,lX!.C!^V4!B8#+!8E#!+4,N
!=(,-M!•*V!)$?-+!)$*3!B42DxW!L!K.WM$&!='<X!)$3.&!U#+45!DQ$*(!M+!…!DxW!‰63
!R!8/'X+8/p!=3!•*;a!+B!5+!K+B!)$?-+!5!4,(!=3!gB$X+!^3!^'?l&!"l#P!,Z3!R!O8-8#
!O.h!)$*3!B4!^3!"(!8#4,l#!j3$C!B8h!^-+!5!R!8#4.3,x#!$•{+!].Fh!u<9&!+B!5+!`-$>#5
!D{,N!5!s?-8#+!K,l3!7$W$#R!O4.&!O.Q.3!K4,f!…8#$&!5!s'X+4!•-,X!D:y/3!U-.f
!M+!4.f!B+,Q+!"#!5!R!8#4,(!].Fh!)$b{$#!M+!"#!5!8/'9#+8&!^-+!U-.f!jz;&!"#!L!s&$-!KB8“
!‹,N!,'3$<C!"\,V!’$*'m+!B+,Q+!^-+yf!^*>bC!B4!+B!)$V$X4$pŠ!8/-.W!5!L!8#8*X.e&!^3
!!ŒL)$Q+,V!)$/<X4!5!8*3.#!)$'Q54!M+!"{$f!R!DQ+
!"(!DQ+!^*/š<V2!DxWL!+BM5!K+B!•;a!5!8-$<#!=3!=•&!+,3!O.&!…JV!kS.32!DxW!‰63
!)$#M!DFb{!,&!5!R!8-$*#!+8*p!=•&!5+!uFc!B4!K,x|!"(!8X$&!=9(!s(!5!R!8-$3,N!=3
!)+,-M.&!5!R!4.?#!B$<*&!5!8-$<#!7,X!=C4$-M!O$;c!)4B.f!B4!5!R!44,Z#!+.QB5!8X$&!™-,m
!R!DX+4!8-$F#!u<c!$/i!+B!)+,Fl'3Š!"(!8#+!"'xW!5!L!8#$3!D3J9&!5!8-+yN+!Dzi!K+B!‰*(B
!"#!5!R!KB$(.l*#!+B!j*%&!"#!5!R‚,X!D<Q!+B!14+!=&!"#!5!R!B$*9&!)$'Q54!+B!D6f4!8&!"#!5
!5!‰63!g$Fi!4B+4!K+B!‰*(B!)+,-M5!"(!+B!)5$E'3!B$FS!7$X4$p!"#!5!R!=V$/W!=&!+B!™-,m
!!Œ!L!D*0B!‡J{
!DxWL!K4.<#!ua+.C!4+,3!‚J%&!+B!)$/<X4!5!K4,(!]$<'m+!='z?3!k;{!2!DxW!‰63
!M+!O$Z/V!B4!"#!Dx#+!5!"S5!=&!='*<m!]5+!4B+4!s?\!=;x#!)+B4!"(!8?(!=_#B!"(,VŠ2
!K+,(!K$w3+!B4!5+!D<-y0!).\!"(!8#+.f!)+.C!+B!T(!)P!O$<C!4,3!"\!R!4,(!8-$&B54!uFc
!)+4,3!)+8*3!B4!O8h!7$Z#P!4,-,Z&!,Q!M+!]4!5!8-.?&!)$S!M+!DQ4!D9%#!D?W!s<>3
!!L!8E#
!!)$SM!8-$#!)5,&!.(!=N,ZX!D<V!=&!D#P
!!^CM!8-$#!5,N!.(!KB+.Q!D:54!=&!D#+5
![+,N!5!]$m!‡J{!).\!D?W!=a+B!=(.“!D38%&!KB$3!"(!DQ+!78*QB!‰63!u<9&!5
!!2DxW!•"#.Z\2!"(!8*Q,p!‰63!•8-4!)+B4!Dh5
!5!R!8#$3M$&!B$lX!M+!"l#$/\!DN$-!7+B!58&!j3$X!•;a!5!4,(!,i+!KB$3!4B!K,*p!"(!8#+!74B5P
!B$lX!g.h!=&!"#!5!D9&!=3!gB.{!=#$W8#M!g.h!=&!"#!"(!R!D?W!,*b'3!U-.f!B$(!B4
!!L='QB+8-$p!K,*p!=lX$(!5!4B5P!)+.'#M$&!+B!=#+.S!"(!8*?-8#+!L!8X!=3!^l<3!)4,(
!8/34,f!•*V!"(!DQ+!=Q.V!)4.&!B+58*3+!‰6N!8E0!O,l&!5!^'X+4!u<c!$N5!"#$3M!M+!5
!=-+4.Q!)8*F6c!K4,Q!UCP!M+!5!^'9S!=l?f!1P!B4!"\!R!8#+4,Z#!].•?3!)+8&!,c$f
!!L8X$&!•,'b3!K$V+,x{!"_*'#!)P!"(!DQ+
!='&,_C!…8#+!=#+.S!‹.0!5R!!DQ+!g$<E3!M+!jFz'93!,*&8C!5!R!4B5P!)+.'#M$&!+B!"'XˆW
!8-$&!=3!)5,*&!,Q!M+!].wN!+,3!5!L!8-P!j{$m!)+8&!D?*;3!O+.h!,<0!D*z&!B4!"(!DQ+
!]+.m+!"(!R!DN$'#!K5B!4$'N+!7+B!B4!"(!=':ˆ3!M!+5!L4$E#!KB+MP!s(!780$h!,&!B$(!K$/&!5!4,(
!!!L!D9(,'?3!+,a5!+,Q!)$*3!$*#4
!!8X$&!D&$(B!B4!"?*<V!K$p!=#
!!!8X$&!D&$9m!B4!‰*#!.\!y*#!8&
!R!8/'X+4!t$n3!5!B$Z3$(!‰63!5!8#4.&!B$*9&!)$(.“!5B4!"(!"'NB!K+!"<?\!)+,(!,&!7$Z#+5
!=3!…$/<“!+,C2!"(!8*Q,p!=(.“!L!8/Zx*&!=N,c!,&!"'f$Q!=($#!758#+!).\!^'?-.f!5
!5!R!4.&!….“!B$lX!M+!^3!g$*m!g4$3!"(!R!,CB+5+yQ!^3!M+!)4B.f!s•&!D9*(2!DxW!¤!s/*&
!=l-!,W+!"(!78*QB!7$Z-$S!)+8&!5!D9'?W!O+,m!^3!,&!)P!"(!DQ+!74$'N+!=-J'&+!M5,3+
!gB$?&!,Ff!^-8&!+B!U-.f!‰63!5!DN,&!….“!)P!L!DX+4!s#+.'#!7$Z#!O,*Z&!)$?-M+!+B
!5!O4,(!=(.“!8>h2!DxW!•!D?W!]M$#!.C!,&!J&!^-+!kFQ!"š&2!"(!8*Q,p!B$3!M+!‰63!L4+4
!"#$f!R!O83PB4!5+!,i+,&!^3!L!8/ZN+!K8V+M!"#$f!B4!^'?-.f!5!D%-,Z&!^3!U*p!M+!5+
!sV!R!DQ+!….“!s'X+8/p!R!8*QB!5+!D?Z#+!"&!^3!k*QP!R!,a$m!8V+M!,9p!5!4.&!‰-B$C
!=3!^3!kz0!B4!8#M,N!M.Q!M+!8V+M!L!8X!4,Q!K$S,&!5!O4.<#!58&!=#+8#4!=3,W!)P!B4
!‰63!k(,35!8#+4,W!j*:~!+B!.C!$C!sV+.f!=3!B$W4B5,p!M+!2!DxW!=3!5!4,(!=3!D/;:!58-54
!)./(+!5!L!8/(!"h8{!.C!,&!)$?-+!‰63!"l#P!,Z3!4B.f!=#+.'#!….“!"'F:+!5!R!K.X!)$(.“
!LO4,W!=a+B!=#$<QP!,-8zC!5!=:M+!slb&!^3!5!8/*?#!^3!,&!‰63!$C!O83P!$_/-+!gB5,w&
!Ky_;3!5!Ky0!5!='Fz/3!5!=N,X!)+B4!+B!4.f5!R!4$'N+!vN+.3!1$&!^-+!+B!)$(.“!‰63
!DxW!B$3!DXˆZ&!K8/šl-!).\!L!4.<#!=3!g$V$F3!)+8&5!D9?#!=3!K5!,&!L!4,(!gB.{
!O,&!,9&!D38f!^-+!5!s#$3!78#M!)+8&!"(!8-$&!K+!"<;c!5!=C.h!+,3!R!4$&!M+B4!‰63!=#$W8#M2
!d$F:!B4!5!4,<?#!D:ˆ3!+B!)P!Df$/X!=3!=';x/3!ua+.C!)P!B4!"l#P!slb&!R!=6&2!DxW!L
!!!L!4B5$*#!uFc!U*p!B$0
!4.&!^<w'3!+B!g,*?0!‡J{!5!^<X4!…JV!"(!DX+4!r+y3!^*<V!O4,(!K,F{!^3!,W+!5
!5L!7,&$l3!5!Y/_&!"(!8*#+4,W!)+.C!j{$'93!,C45M!5!,C.l*#!+B+83!5!vN,&!+B!^<X4!y*#!5L
!K5B!B4!5!R!8X$&!,*:45!$#+.C!"\!,W+!T(!‰-!"(LŒ!K4,3!"(!"&!4,fŠ!8#+!"'xW!$_/-+!M+
!g,lN!‰*&!$#+4!B.“!$&!4,3!$3+!L4M!8#+.'#!U*&!R!+B!D9*&!)P!D-$“!$-!R!+B!^C!74!45B!=N$>3
!5!L!8/(!,&M!5!,-M!5!8#M!sV!B4!+B!)+4$&P!='-}5!5!)+,W!K,l?:!5!8#+4,W!)$?-,p!=l63
!!!L8X$&!^*3M!K5B!,&!"(!Df.Q!8#+.C!B8h!)P!8'N+!='fB4!B4!,W+!5+!g8m!5!g.h!$&!UCP
!B+,h!U*&!"(!8/(,&!A*&!M+!8X$F#!,'WBy&!)+M+!"(!+B!DfB4!,V!U-.f!=3,#!5!•n:$&!1P!5
!=N!•,%:+!)$($3!5!R!"#+M!}+!‘h!Ž=X!=N!vN,:+!)$(!$3Š2!OJ9:+!"*60!=F/:+!]$h!L!4,*Z#
!5!KB$<*&!5!UCP2!4,<X!8-$&!B$*9&!+B!)P!…8#+!"(!DQ+!y*\!B$E\!5!ŒL!"#$X!}+!Ž=X
!!L!DN,W!O$q#!‰63!g+~!g4$;Q!5!D:54!,N5!K+B!D&${+!"&!B$(!^-+!5!L!O+5!5!^<X4
!!7.lX!g$F-$#!M!D•*C!4,&
!!).lQ!g$i4$b&!D-+B!4+4
!D6*wx&!"(!8-P!T(!)P!,xq3!8/'9-+!=<E3!D-$x(5!KB$(!k6c!B4!^C!54!,W+Š!8#+!"'xW!5
!sV!)+B4!,W+!5!R!D9'<-y0!D&$i!"(!)P!8/-P!,&+,&!)+B4!,W+!5!–!DQ+!ƒ.>%3!g5,3
!g4$;Q!"l#P!DN$-!)+.'#!=C5$xC!y*#!)+B4!,W+5!R!4B+4!B$*9&!^*;3!5!B$-!"l#P!8'N+!=C+5$93
!!Œ!L!DQ+!`S+B!5+!D%&!g.h!5!g+~
!!5,?*p!.C!D%&M!D9C!7$eQ!U*p
!!)$FQ$p!.C!]80!M!D9C!‰63!O$&!,&
![B$N!D<-yV!D?V4M+!5!8X$&!^<-+!g,>#!,n&!M+!"(!=V$X4$p!$&!"(,VŠ!"(!8/-.W!$<lm!5
!M+!D?m.&!+B!=#$W8#M!5!R!8X$&!74+4!7+B!^'?-.%&!D6*b&!+B!•,3!8/(!B$*'f+!D<{$%3
!=3,#!ua.3!5!R!44,Z#!78*X.p!K5!,&!g$<E3!Ÿ3+.“!5!v-$h4!M+!=l63!"{$f!R!78#+B!U*p
!+4,N!5!M5,3+!`:$>3!5!R!4.?#!"F'?3!K5!,&!)+B8#+!Y#B4!5!1$'X5!$aB!5!s?f!5!='XB4!5
!Dh5!•*E&!5!R!8/*&!=3!)P!…B+8C!7.S5!5!8Q$/X!=3!$VB$(!DbC$N!B4!]•3!5!]$m!s|$/3!5
!!Œ!L!4B+ˆZ#!j<E3!DQ$*Q!5!d$&!4B+8#!+5B!=0,3$#!D:$<'Q+!5!s6m!k#$S
!‰63!Oy05!Oym!U*p!"(!D9*#!,i+!)P!œxm!5!‰:$<3!‘Fa!B4!+B!7$X4$p!•*V!M5,3+!5
!u-+8&!5!•c+.0!•-$n:!^-8/\!)$34,3!t$/n{+!5!)+B$Z'38f!D*&,C!B4!5!R!44,W!=3!,9*3
!y-y0!Tx#!J„3!5!8-$3,N!=3!‰63!K+B!D-+8V5!D:54!^*z6'&!"(!4B5P!)+.'#!K$_&!‚B+.0
!!!L!4B+4!=3!)$W8/&!K+8N!+B!4.f
!5!ƒJf+!^3$*3!5!gB$X+!5!K+B!g$(,F&!)$<>f!^-+!)4$'N+,&!5!sE3!^-+!D-$x(2!DxW!‰63
!!L!4.&!.C!Db{$/3
!!!L!DQ+!"'?W!,V$|!^*/\!)P!—-$'#5!B$iP!O+!74,(!.C!~$x#!5!$w3,&!4$<'0+!"(!KB$(!,V!B4!5
!K$p!5!8Q,#!5+!]$Fh+!^3+8&!=3$($#!DQ4!yW,V!4B$eQ!`{$#!,-M.&!g$<E3!O$3M!"(,V!5
!!!L!4,e9#!5+!g4$;Q!Dm$Q!ž4+.m
!!s/(!K+B!"\!,E&!$-!sE#!K5B!"\,E&
!!=/3!B$-!DQ4!.C!$C!+,3!DQ4!DQ+!K.h
!"<6(!.C!)$&M!,&!5!K8#$<&!)$/<X4!"#$f!B4!M+B4!g83!"(!4.&!)P!.C!4,f!M+!='-P!,Cy_;3!5
!B4!^3!K+8'h+2!DxW!L!='?W!=#$<W8&!5!g,x#!kS.3!5!K8/'N,W!=F*0!)+B4!"(!DN,#!K+
!=:$;3!M+!4.f!U#+4!B8z&!5!R!DQ+!74.&!‰63!g+4$0!OB$l3!5!•Jf+!^Q$b<&!1+.&+!"<V
!B+4.<#!5!"6Fh!5!+.?*p!5!O$3+!1+.&+!"<VB!4!+B!"#$l63!,i•3!5!R!O+!74.<#!d$F'h+!K5!]$>f
!B$iP!D;-$?3!5!74.'Q!O.QB!D;&$'3!B4!$V4+,3!`_#!5!‹+,“+!].>m!5!R!"'f$Q!U-.f
!5!7.lX$&!,*&8C!D&${+!5!D:${+!R!"/3!5!@+8<b&!R!+B!‰63!"(!R!"'9#+4!)P!78-8/9p
!!!L!DQ+!u<S!D0$_X!5!D&$E35!D(.X
!R!4.&!)5,z3!B+4,(!]$<_&!.C!B$'xW!•n:!"(!s'N$-!)$/\!+,C!7$WB4!)+B$Z'38f!M+!DxW!‰63
!^<*&!=:$;C!4y-+!$C!)4,(!='9#+.C!D-$x(!=WBy&!^-8&!=<E3!Oym!g$Fi!5!Oy0!~$x/&!5
!5!O$;c!g5Jm!"#!">“!)P!B4!"(!R!DX+4!=#M+B+!g,>#!^-+!+B$3!.C!g,“!=(B$F3!5!DF*z#
!J'F3!,V$h!=<>f!5!k:$“!=/<X8&!"(,V!"\!L!B+,h!5!1+.f!gˆ:!"#!5!8X!=3!"'N$-!1+,X
!$CŠ!8/-.W!$<lm!5!L!8Q$/?#!kX!M+!M5B!5!B$'Q4!M+!Ux(!5!,Q!M+!K$p!8V,#!K5!M+!$C!D?W
!R!8-$Q$*#!4$E/#!)+,W!B$&!$C!]$<m!5!R!8&$*#!7y3!=#4B.f!M+!83$*#!8-8p!j3$X!='b{!+B!B$<*&
!8-$&!M$&!)./(+!ŒL!83+B$*#!5+!"/*Q!=3,W!44,Z#!^<-+!=:.'93!^<X4!M+!$C!]$Q!B+yV!O4,3!5
!!!L!='N$-!"#.Z\!OMB!5!Oy&!B4!)$?-+!‰63!g,-,Q!5!g,*Q!"(!DxW
!^-+!$&!5!R!O8-4!ua.3!B4!"#!,F(!5!,%N!5!,n&!5!=/*&!^'?-.f!780$h,&!5+!B$(!K$/&2!DxW
!1+.>&!"?-8#+!D-y3!M+!5!O5,b3!DQ+B!K+B!D6*wN!M+!5!R!k:$“!•;a!5!,V$|!y_0!"<V
!‰63!L!4,(!=3!gB$X+!^3!^'?l&!"l#P!,Z3!L!T/S!^-+!M+!t$FC+!=3$<C!5!L!k*>#!=&
!•!D?W!,C!^X5B!)+8&!5+!jz0!j-}4!5!83P!,'E&!.C!s?\!B4!5+!D6>f!O+8(2!"(!8*Q,p
!"\,W+!R!K8*#$X.e#!O58%3!M+!Db*>#!•*V!"l#P!,Z-4!5!R!^3!^'?(!K+B!]5+!2!DxW
!)$3,N!1+4P!)+B4!5!R!8*?(!8V+.f!D*V+,(!5!‘%9&!5!4.&!8V+.%#!vN+.3!"(!='9#+4
!=3!sQ,&!†-8m!5!O,#!^%Q!5!L!K4,<?#!y-$S!=l'EC!5!=x/0!5!='X+4!7$Z#!KB+4,&
!=-$nf!K5!]$;N+!B4!,W+!5!LK4,(!D-$0B!,C+y9&!"\,V!+B!O58%3!s*q;C!k#$m!5!R!='xW
!,&!,Q+,Q!"(!+,-M!R!='?Z#!74$?W!K5!,&!s?f!B4!"(!K8#+BM$&!=CB$F0!B4!"*F/C!K8-4
!=3!B,z3!D-$lm!K$/i+!B4!)+,Z-4!k-$;3!5!R!K4.&!j<'?3!^-,*X!g$w-,;C!5!]$„3+!)$*&
!+B!5+!"(!='N$*#!K+!"#$E&!5!='f$/X!=3!)P!^<a!B4!^'?-.f!K$V.EQ!4.f!5!K8*#+4,W
!•-,X!D:y/3!+B!KB+4!)$ES2!"(!DxW!=3!+B!‰63!"(!O4./X!KM5B!L!K4.<#!gˆf+.3!)+8&
!5!‰*#!g$h$xC+!"&!yS!5!8*QB!)+.'#!5MBP!5!UX.l&!jb3!)+8&!5!L!DQ+!=:$0!DSB4!5
!œxm!5!‘Fa!B4!5!DX+4!8-$&!y-y0!+B!)P!8X!,9*3!).\!5L!8-$*#!DQ8&!g4$;Q!g80$93
!g$<E3!5!45B!s(!D6x“!$VB$(B4!"(!,C!v-}!)P!1+.>&!=:$m!5!L!4.<#!8-$&!D•:$F3!5!8S!)P
!K+B!5!j3$X!]80!5!j3$(!Oym!=&!D:54!D3$z'Q+!5!‰63!K$z&!"(!R!8-$*#!74,<X!B+.f!+B
!4.F#!].Fz3!5+!Db{$/3!5!DN,#!=C$x':+!5+!^%9&!^l:!L!8X$F#!^l<3!y*C!,*?<X!5!DQ+B
!!!L
!!!DQ+B!M5!I\!M+!B$(!"<V!8X!,-M!5!,&M!$C
!^-+!M+!U-.f!DN$>m!5!4,%&!5+!"#!5!83P!j{$m!K+!78-$N!+B!)$?-+!5+!DQ$*(!jz0!M+!"#
!!!8#+!"'xW!DQ+BL!DN$-!r,N!J&
!!ŒL$;*w3!}+!=>;<6:!,3+!}!5Š
!!ŒLt$n-}!^<:!K+B!}!Š2!8-.W!=3!"ES5!@+!O,(!=60!^*/3.<:+!,*3+5
!D•:$F3!j:ˆC!5!t,wC!B4!"\,W+!R!^<X4!K+B!8-$l3!5!B8“!)$l3!M+!Bˆm!)$'Q+4!D9/-+
!^-+!,&!+B!7.F#+!)$/<X4!5!K.h!)$<>f!R!U-.f!•;a!5!y_0!$&!R!$E/C!=“+M!"(!R!8-$<#
!!4+,3!)+8&!yW,V!}+5!L!4.&!)$?-+!sEN!D6h!5!K+B!D(B!kF9&!R!8*:$3!D9#+.&!"6<S
!4,Z#!g,F0!s?š&!=#$;3!^-+!B4!"(!8-$&!8/34,f!5!L!K8-8#!1+.f!B4!,x|!)P!5!K8*Q,#
!+B!s>f!5!R!4,(!8-$F#!4$<'0+!^<X4!,&!"(!8Q$/X!Dz*zm!5!4./X!4,f!u<9&!gB$X+!^-+5
!!L!8-$<#!•*;a!=:$m!"\,W+!DX+4!8-$?#!B+.f
!!!DQ$E-M$&!T&!B$WM5B!,Q!B8#$(
!=CB$_C!,C!u&,3!5!=C,*f~!,C!uN$#!)4B5+!DQ8&!+B!"'9-$X!)$/*;3!5!78-yW!)$'Q54!5
!8#+.C!,($X!5!y-y0!+B!)$'Q54!sV!"(R!!8X!8E<3!‚,c!54!,V!+B!=9(!,W+5!L!DX+8/p!8-$&
!D-$E#!5!4+,3!]$<l&!R!8*\!8#+.C!B4!^3+4!B$l3!)$x:$%3!5!B+8“!)$/<X4!M+!sV!5!DX+4
!!L!8&$*&!=#$ES54!g4$;Q!5!8Q,&!5MBP
!!L"*a,-!$<:!v*N.':+!=:5!@+5! !! !
!!
!!
!!¢$xb69:+!5!4,z:+!1$&! !! !
!5!k/_C!’,N!5!s>f!•$x#!M+!=h.C!5!^<X4!t+8f!M+!).>C!)$'Q+4!O4./X2!DxW!K+B
!8-$<#!8S!Ky*\!k9(B!4!"(!T(!)P!j„3!8/(!)$*&!)./(+!L!D9FS+5!)+M+!"(!M,bC!]$<(
!!L!4.X!u-$a!$C!4M,&!D6x“!D<E#!…+B4+!M+!Tp!5
!g80$93!5!‰*#!•$xC$&!T-$x#!B$*9&!"\!R!DX+4!7$Z#!"(!,'#$QP!k9(2!DxW!^<V,&
!k€${!K$V,*&8C!5!kh$i!K$E-+,&!yS!)P!œxm!$3+!R!8-P!j{$m!=3$<'V+5!=;Q!=&!B$WM5B
!D%Q!5+!k9'l3!jc$0!Oym!"-+,*p!M+!5!8X$&!74$*p!4,f!)+8*3!B4!"(,V!5!L48/F#!gB.{
!8ES!=&!"f$&!"l#$/\!R!8#$3!=h$&!g,9m!5!D3+8#!5+!DQ4!B4!5!R!8'N+!"h,xC!y*m!B4!45M
!!!L!4+4!4$F&!=#+4$/&!5!8*?(!O+4!B4!+B!"#M.&!g4$-M
!!2!DxW!•!"#.Z\2!8*Q,p!K+B
!DQ$*Q!5!,N+5!D&$E3!$&!L!8/'X+4!=l63!O$#!7$#+4B$(!5!R!8#4.&!B$*9&!)$Z#M.&!K+!7,-yS!B4
!DQ+!=#+,3$(!sQ.3!5!,<0!B$E&!"(!=#+.S!O$-+!).\!L!j3$X!]80!5!ˆN$#!)$3,N!5!j3$(
!8*#+4,W!u-$X!,>&!B.#!5!g+~!g.h!B4!U-.f!,i+!5!83P!+8*p!‚+,c+!B4!K,*p!•;a!DXˆZ&
!!L
!+B!=?-5B4!]~!5!8/(!]8&!K,*p!].&ˆ&!=F#+.S!g5+,c!"(!DQ+!^*<V!4.f!"#$3M!g4$0!5
!!!L!8V4!J*'Q+!K,Z#+.C!y0!,&
!‰-,V!)$S!5!]4!,&!7.<3!B.-M!5!D/-M!5!8-$<#!=3!)$*#$E_&!)$Q5,0!d$F:!B4!+B!^'?-.f
!+B!j{+!=&!U-$<#!5!DQ+!78*#+4,W!)+4,f!=&!B5,“!483!+B!,V$|!U-+BP!L!8V4!=3!‹,0
!5+!K+.V5!4+,3!,*Q+!5!8/'N+!=3!5+!DNP!O+4!B4!)$Z<V!$C!R!74,(!)$>-,m!k-,N!5!7,X!"-$3
!!!,Ff!=&!¥8E0!='9Q!5!uFc!gŽ$#4!M+!5!jN$“!U'z6f!,l3!5!^c$&!†Ff!M+!R!8#.X!=3
!!,V4!D:54!7M,W!B$3!).\!D9V
!!,VM,p!)5B8#+!5!^*Z#B!5!O,#
!!U-5B45!,Z#+.C!R!¥B5,“!B4
!!!U-8#+!—/W!]$*f!).š<V!4$X
!,*f!k9l&!K5B!5!R!!48/F#!=#$N!7$S!k6c!B4!]45!R!8-$</#!g$'x:+!=#$;3!^-8&!8/34,f!5
!k:!,&!sV!8-P!DQ8&!Ky*\!]$3!M+!,W+!5!R!DQ+!B+4!K$p$#!$*#4!,<0!5!7$S!"(!+,-M!R!4BP!=h$&
!!ŒL!DQ+!]Jm!ž+,*3Š!"(!8/'N+!K5!B4!74,(!y*C!)+8#4!)$ZQ!$C!DX+ˆW!8-$F&!B.W
!!•!B$Eq'Q+!5!v6f!5!$*#4!D9*\
!!B+4,3!5!YQ!M+!,p!=#+8($f
!!!4$-,N!"<V!^-+!U3$f!‰-,E&
!!!4$&!"<V!^-+!…$f!74.C!‰-!,E&
!!!"/*(,p!"#$3M!,E3!D9V
!!"/-M.:!)$*3!4B+4!,*Q
!Um$N!)$>z#!5+!DF*V!5!‰63!D<?m!5!R!8X!¥$N!7$#+4B$(!•;a!5!K,*p!,(~!"6<S!B4
!5!R!4.&!,V$|!K5!D*{$#!B4!g4$;Q!B$iP!"(!8*QB!B4!7M$C!=#+.S!K5!K$&,h+M!+!L!DN,-ˆp
!5!=V$X4$p!DFC,&!K5!•$zb'Q+!5!R!+8*p!K5!g$/lQ!5!g$(,m!B4!D:54!5!]$Fh+!j-$%3
!+B!D:$-+!1$FQ+!8*E<C!5!DQ$*Q!1+.&+!s-8zC!K5!]Jz'Q+!5!R!O.6;3!KB+4!)$ES!D:y/3
!!LB,z3
!$C!R!4,(!"?*p!D*0B!g$0+,3!5!•:$C!5!Df+.#!5!83P,&!,l?:!D:$<'Q+!4,W!D6*m!v-$h8&!5
!g.C,N!,*p!R!8*3+B$*&!5+!D;&$'3!5!D0$c,&!"<V!K$E:4!5!R!!DN,W!B+,h!,-$<a!B4!5+!='Q54
!5!4,(!B$*'f+!JS!B+,na$&!+B!7B$š*&L!!4,eQ!58&!‰63!O$3M!5!8#4B5P!)5,*&!B$(!)$*3!M+!+B
!,&!,*_#+!='fB4!5!L!B$*9&!7.*3!5!4.&!7.F#+!K+!"?*&!$š#P!"(!R!8*?(!$-B4!jm$Q!M+!=N,n&
!=Fz0!7+B!"X.C!5!R!D?W!u#$h!83P!=3!j{$m!)P!g+,<i!M+!"(!=C.z&!5!R!8-yZ&!‚,?3!1P
!!!L!4,(!=3!$*E3!g4$F0!5!D0$n&!g,fP!D0$w&!5!R!Df$Q!=3!D&$#!+5!D&.'&
!!4BˆW,&!"(!^-yW!"-$3!B$&
!!8/\!K5B!"3$#B$&!sEV!^-+
!,*_#+!"#M.&!KM5B!L!K8*F6c!Dm+,'Q+!)P!"-$9&!5!='9?#!K+!"f$&!DfB4!)P!,-M!B4!5
!B4!=c$?#!5!=&,c!5!DN$-!=Cˆ:!R!8*QB!5+!¥.Z&!)P!M+5P!4$'N+!1P!B4!=l-!7$W$#!R!8*\!=3
!Y/Q!L!K4.<#!K~ˆ6C!M+5•&5!='f+8/*&!K,Z-4!d.V!)+8&!D0$Q!,V!5!L!83P!+8*p!K5
!B4!DzxX!5!=-.S!]4!^-+!5!L!4M+8#+!=3!5+!K+,&!"(!4,(!=3!gB.{!5!4B.f!=3!)P!D?p
!,W+!R!8-$3,N!=3!D3,l3!^-+!DN,;3!v&+.Q!=&!"(!8*?-8#+!L!4B+4!=3!kS+5!5+!vm
!^*/\!5!R!8-$3,N!=3!O+,(!+5!M+y0+!t.#!"\!"(!8#$<#!78*X.p!48#.*p!)+8&!g4.3!D6*Q5
!4.f!DFb{!5!4+4!M+5P!+B!"#M.&!L!8-P!DQ8&!5+!DFb{!M+!,*nf!='FV.3!5!T*x#!=C,*f~
!=6*3!,Z-4!‰*&!)$?-M+!‰-,V!5!8-4!O$<C!M+y'V+!5!8*/X!.l*#!=#+.S!L!4,(!"a,0!5,&
!!L!"/*Q!54!B4!]4!‰-!5!^C!54!B4!8#4.&!=3!)$S!‰-!).\!J„3!5!–!4$'N+!]$<l&
!!L‡+,:+!5!Ž$<:+!^*&!¢$N$><:+!j„3
!!!L!D?W!,Eq'93!5+!DFb<&!"f$&!sV!5!8X!s(!"#M.&!,*<a!M+!D&,“!D?m5!sV
!=C83!5!L!D?W!=3!8(.3!='Q54!5!DN,W!=3!g5+,c!5!v#5B!g4$-M!)$?-+!)$*3!M5B!,V!5
!!!L!DXˆW!^-,&
!5!758#+!5!g,*m!5!s“!5!83P!1+,na+!B4!5+!DxS!8X!M+B4!5+!"#$f!M+!"f$&!DF*“!).\
!5!=/l#!=F*0!,W+2!"(!4+4!1+.S!L!DxW!M$&!KB$-!$&!4.f!D-$lX!5!R!DN$-!7+B!58&!g,_a
!5!DF-B!"#.Z\!.C!^%Q!B4!R!,V+.f!K+2!DxW!L!s#$V$W$*&!5+!]$m!M+!+,'-B+8#!sE'3!)+B4!+,3
!K+!"#M.&!$&!5+!2!DxW!•!48/&!gB.{!j-5$C!"š&!5!D<EC!.C!gB$X+!B4!5!R!4.&!8#+.C!DEFX
!D6{5!M+!5+!g4.3!5!R!!74,(!•h5!5+!DFb{!,&!)$S!5!]4!R!5!DQ+!74$E#!M$“P!O,W!=/-,h
!4.Q!)4B.f!s“!L!8V4!=3!=/*l9C!5+!]${5!1•&!.C!•+,N!UCP!5!R!4,<X!=3!‹.0!.C
!D6*m!•*V!L!8/'9&!sV!B4!$E-+B!54!,V!Tp!L!8X$&![+,N!^<w'3!"(!U-8#+!K,*&8C!R!4B+8#
!Df$Q!B$<*&!78#+.f!,V+.f!gB$X$&!4.f!5+5L4.F#!"#M.&!…JV!M+!,C!kS+5!+B!)$?-+!,*&8C!5
!!!L!4,(!OJ0+!=#+.C$#!M+!5!4,(!$08'Q+!+B!DxS!5
!L!8#+4,W!7M$C!8#M,N!5!jV+!$&!g$hJ3!8E0!5!45B!"#$%&!"(!DQ+.f!KB.'Q4!"#M.&!M+!"f$&
!5!=Q.6p$\!t.#!,V!M+!5!83P,&!•n6C!5!=&.S!]4!4,W!L!8-4!B$<*&!+B!)M!8*QB!$_#P!).\
!B$<*C5!78/V+.f!,V+.f!M+!L!4$?Z#!k:!j-5$C!•*E&!5!!4.</#!=C$x':+!"'F:+!L!DN,W!B4!44.C
!8X$&!8*3.#!5B+4!M+!"(!KB$<*&2!DxW!•!D9*\!^'xW$#!^%Q!5!B+MP!kS.3!2!"(!8*Q,p!B+4
!$E0yS!4./?&!1$&!^-+!).\!!•!8&$-!)4,(!†-8m!D>fB!"#.Z\!]4!d.-$3!rJ0!M+!5
!5!8E_&!5!DN$-!)+.C!=<#!B$-4!^-+!B4!"(!DQ5B+4!"\!^-+2!DxW5!8X!s“,p!5!B._#B!5!4.<#
!5!s-._&!‰-4y#!5!B54!5!s-.e&!)P!k6c!B4!$C!8-.Z&!,C45M!•!8X!)+.C!=<#!B4$h!)+,&!D6*m
!D&$&!)P!D_:$;3R!smB!4B4!t.#!^-+2!"(!4+4!1+.SL!OB+8#!o-B4!4,(!8-$&!]ˆ&!]4!5!)$S,W+
!DQ8&!$_(!)P2!DxW!"f$&!L!"#M.&!]4!,Z3!Df$/X!)+.C!=<#!5B+4!•*V!+B!)P!5!R!8X$&!)$#M
!!=#$<#!O5,b3!^*9pM$&!B+8-4!M+!$C!s-8#+.f!^-8&!+,C!5!R!DQ+!^*/š<V2!"(!4+4!1+.S!•!8-P
!"'XˆW!8m!M+!"f$&!L!,q'/3!Db{!Dm+B!"#!5!DQ+!=h$&!Dxf!8*3+!"#!+B!7B$š*&!^-+!}+!5R
!=>6%3!8*?-8#+!…B+8C!"S5!8/\,V!5!R!D?W!•Q$'3!5!…$/<“!5!8X!•E6'3!5!B._#B
!5!='Q54!v&+.Q!)+8/\!5!s/(!B8“!,W+!2!DxW!4.f!$&!5!D9&!4.f!DQ54!B4!u<c!L!8-8#
!g$Fi!8E0!5!O,(,&!,W+!5!R!O4,W!7,E&!=&!g5,3!5!K4,3!M+!OB+ˆW!j<E3!+B!=Z#$Z-!•:+.Q
!5!DQ+!^-4!4$<0!"(!)M!s-$<#!D#$*{!B8“!D>z/3!5!,l3!D<{5!M+!+B!4.f!k#$S!5!OMB5
!^-+!B4!='0$Q!5!4,l&!=63$C!T/S!^-+!M+!L!8#$<&!‚.f!1+4,W!B4!^C!O$q#!5!"#$f!=#+4$&P
!‰FQ!$N5!^*V$X!"(!R!4+4!B+,h!5B+4!,&!K+B!5!83P!k:$“!)M!v?0!,fP!4.F&!y*bC!5!44,C
!!L!4.&!^*Z/Q
!7,-ySB!4!+B!"#M.&!$C!"(!D9#+4!5!L!s>-!5!=<;-!Ž!=?:+!‰Fm!OJ9:+!"*60!DxW!,F3$•*p!5
!!!L!8X$&!y*b'3!)P!k:$c!5!Bˆ;'3!‹,“!^-+!].>m!8/Zx*#
!!!O+,m!DQ+!‡$F3!g+B5,a!]$m!B4
!4.&!"'?W!,C!•4${!"\,V!5+!B+8-8&!"#M.&!•$*'X+!5!L!DNB!M$&!"#M.&!‰-4y/&!D<-y0!^-8&
!DN$-!=C.6Q5!).lQ!…8#+!8/ZN+!K5!,&!"l#+8/\!L!78X!,'F:$“!"\,V!5+!g8V$?<&!t+y#!5
!—#B2!"(!4+4!1+.S!"f$&!L!4,(!=N$?l'Q+!g,*?0!5!)+8#M,N!]$m!M+!5!R!8*Q,e&!O,W!5
!5!R!83$*#!j{$m!=S,xC!)$?-+!]${5!T#+!M+!"(!4.&!78X!=:.'93!)$/\!!^3!,&!.C!DhB$x3
!™•/3!^3!,&!,<0!O8*?-8#$*3!"W,V!t$*X+5!t$FC+!M+!DQ+!74.&!"(!t$nz#+!5!.C!=-$E/C!M+
!kS+5!=3+,(+!"(!OB+4!s?\!)./(+!5!–!DN,-ˆp!=3!gB58(!^3!U*0!g.x{!5!D?W!=3
!='Q54!B4!^3!D:y/3!$C!=/(!"#$34$X!5!"'Q+BP!U-.f!B+8-8&!+,3!)+8#M,N!5!"#$f!5!KB+4
!5!R!8-P!j{$m!=C,f$x3!5!=C$V$F3!+,3!)$Z'Q.*p!5!$&,h+!5!R!4.X!B,z3!+B!)$/Z<V!.C
!!!L4.X!74B+yW!.C!OB$l3!•.zm!M+!=w;&!,Z3!8#BP!.C!U*p!8-P!"'f$Q!"(!=3$;c
!5!g}+.3!^-8&!^'?-.f!$&!+,3!k#$S!5!KB+8#!)+,Z#!=#$;3!^-8&!]4!$C!B$E/-M!2!DxW!"#M.&
!.C!4+4.&!^3!r$*'m+!5!DQ+!g4$-M!.C!OB$l<&!^3!4+8'0+!"(!R!=Q$/?#!='6*wN!g$f+.3
!"#!+B!‰63!5!‰63!5!L!O+!74$'N+B54!s?m!5!O8f!5!D-}5!5!g,*?0!M+!^3!"\!R!,'?*&
!g,X$;3!5!DQ+!,C!D&$i!R!"/3!5!@+8<b&!R!K8/Q,f!‰63!8/\,V!L!74,(!45B8p!B$*'f$&
!gˆ:!5!K4.&!78*QB!^3![$38&!Dm+B!^-+!s*9#!^-M+!U*p!,W+!5!L!,C$/E3!D0M$/3!=&
!D;FC!B$*9&!‰63!)+8&!^'?-.f!yW,V!K4.&!"'Q.*p!^3!O$l&!D0$/h!g5Jm!5!D“+,N
!!!L!K8?#!D%Q!^3,&!g,*m!^-+!D<Q!5!R!=38*#+4,Z#!74.:P!D;x/3!…8#+
!!!DN$*#!•*V!DN$*#!D:y0!gy0!"(!=9(
!!!8-8#!•*V!8-8#!D0$/h!K5B!"(!=9(
!5!8*#+4,W!7M$C!='/3!^3!,&!.C!DFb{!5!g4.<&!=:$;C!4y-+!"(!='9#P!"#!,W+!"<V!^-+!$&!5
!M+!5!K4B5P!)5,*&!"(!•+,h!]$Z/\!M+!+,3!DX+4!=#+MB+!='&,“!^*/\!B4!.C!DFb3!DFV.3
!B4!.C!•n:!5!DQ+!,'?*&!.C!vm!g$38z3!^-8&!Tp!•!K8'9&!"(!)+,_V!Dz?3!DQ4
!K$x{!g5,3!jV+!)$*3!B4!"(!–!='9*#!r$'b3!•6lC5!D#5.3!^-8&L!,C!)+5+,N!^3!vm
!DN,;3!"z&$Q!=&!)+B.#$S!t+.#+!"(!R!4B$*#!=#M5!4BˆZ&!)+M+!"\,V!5!R!DQ+!,F';3!g8*z0
!,Z-4!‰-!M+!8/'f+4,e&!)+M+!).\!5!R!8/-$<#!=3!DzN+.3!1+,X!5!O$;c!B4!^*?#!sV!$&
!‰-!4$*&!yS!)$?-+!g.6Q!8'N+!•$xC+!^*h,?<:+!8;&!"\,W+!+B!)$'Q54!M$&!5!R!8/-P![B$N
!]${5!"&.-!B4!44,Z#!^l<3!,Z-4!‰-!]$*f!"&!yS!)$?-+!Dm+B!5!R!48/F#!gB.{!,Z-4
!!!L!8/-+,W!=3!1+.%&!]$*f!8*3+,&!5!8/X$&!=3!¥.f
!—#B!)+8/\!=a,“!K+,&!$3+!R!D9*#!D&B$z3!5!='Q54!"S5!M+!$E#$%&!)+4M4!‚J'f+!5
!)+B4!)$'Q54!,W+!8/(!KM$&B+4!"(!T(!)P5!L!8#B+4!kS+5!s?_C!7$Z*&!5!7$W5!8#,*W,&
!)+B4!5!s-P!.C!jV+!gB$-y&!"(!=V+.f,W+!L!8//*&!1+.{!M+,'m+!jc$&!=;Q!M+!8/Q$/?#
!^32!DxW!"f$&!L!DQ+!Bˆ;'3!$-B4!M+!^3!^'XˆW!†-8m!"(!)+4!=3!O,<X!^*;'3!gB4$F3
!B4L!D<;#!5!k>f!sV!5!DQ+!Dm+B!5!^3+!sV!K5!B4!"(!R!s#$QB!7,-yS!)+8&!D?p,&!+,C
!5!DN,W!D?p!,&!+B!5+!L!4+4!58&!B$*'f+!O$3M!5!4,(!s(!=/Q.C!"#M.&!$C!8*34!K5!,&!"6<S
!DX+4!U*p!"š#P!=&.f$#!M+!5!4,(!=63$C!8*QB!1P!)$*<&!).\!L!4$E#!"#$%&!K5B
!5!=-$N5!=&!8#+!74.<#!M,bC!)+M+!)+8/34,f!"(!Ky*\!,CB+5+yQ2!DxW!4.f!$&!5!8*?-8#+M$&
!48/&!gB.{!8E0!^9m!)$?-+!B4!"#!"(!)$#M!K+,&!M+!5!R!)$'Q54!vm!B4!"{$f!DQ+!B8“
!‚$>#+!5!).;&!BM!B$*0!]$<(,&Š2!"(!8#+!"'xW!5!LDX+4!)+.C!s?\!=34,3!5!$N5!)$?-M+!"#!5
!D#$3+!5!4+8Q!5!–!DN,W!)+.C!j*:4!)+,WB$&!j<b&!B.'Q!g.h!,&!5!–!DN$-!)+.C!‚.h5!UCP
!K8E08&!D*x*(!5!)$#M!K$VB$(!D-$E/&!s60!yW,V!5!R!Df$/X!)+.'&!8'Q!5!4+8&!)+4,3
!!ŒL44,Z#!‘*b3!)$?-+
!4$'N+!=F-B!+B!"#M.&L!4.<#!=3!K5!B4!44,C!B$iP!5!R!4,(!=3!7,|$/3!‘<#!^-M+!]4!$&!5!4$'9*&
!"/*;&!jV$_:+!,>F-!}$3!"F6z&!,>F-!jh$;:+Š!s6Q!5!"*60!@+!=6{!R!DQ+!"'xW!,F3$•*p!"(
!DES!)+M+!5!83P!)+,W!.C!,&!^3!^'X+4,&!,Z3!•!D9*\!g,lN!kS.32!"(!8*Q,p!5!!ŒL
!DxW!•!=/*&!=3!"\!^3!,&!)P!j-}4!M+!5!=-.W!=3!$_(!M+2!DxW!"f$&!•!K8X!B._#B
!"(!4+4!1+.S!"f$&!L!DQ+!,V$|!.C!D<-y0!B4!.C!K+B!,*bC!5!4.f!$&!.C!D<{$%3!j-$%32
!R!=-$<#!=3!s?_C!^-+!.C!"(!D9:5+!M5B!"(!O+!74$'N+!"?-8#+!^-+!B4!^3L!=-.W!=3!DQ+B2
!5!DN$*a!‘-+,X!DQ+4+,3!"l#$/\!5!R!8X$F#!=:$f!=66f!8&}!5!DQ+!B$<*&!^3!DxS!5
!DF“B!5!DQ+!B,z3!.C!g8*z0!).\2DxW!"#M.&!L!4B5P!s#+.'#!K$_&!DxcJ3!5!O+,(+!OM+.:
!D*35,b3!5!DFb>&!KB+4!•h.CB!4!•6lC!,W+!R!O.6;3!^3!g,93!K,bC!5!$aB!k6c!B4
!^3!"š#P!5!L!4.&!8#+.C!8-$z0!g$S$/3!5!,-$<a!"/-$;3,&!=#$;3!^-+B4!].;3!5!L!8'N+!,C!v-}
!^3!DX+4!.l*#!B4!5!K4,W!r$'b3!D#5.<&!"(!D9#P!K+B5!.C!4$z'0+!ƒ.6f!M+!sQ$/X!=3
!!LB+ˆZ3!,c$f!=&!"S5!=&!g+,nf!5!B+4![B$N!]4!L!K,<X!OM}!•.'#
!"#M.&!=#$<W8&!L!8*#+4,W!7M$C!]5+!D(,N!)$<V5!4$'9*&!,Z-4!M$&!R!DN,&!K+!7B$p!"f$&
!B4!45M!"(!8-$&!4$'N+!='EFX5+!DQ54!M+!=9(!]4!B4!).\2!DxW!4.f$&!5!D?W!g4$-M
!)$<W!)P!,W+!R!!4B+4!7$Z#!^'?-.f!+B+83!5!vN,&!5!R!4,*W!sV+,N!‚+,c+!5!4y-,W!Oym!7$/p
!5!’$*'m+!k#$S!g$0+,3M!+!8/(!$nf!^|!,W+!5!R!8#$3!D3J9&!5+!=:$ZQ8&!M+!44,W!^*z-
!k6h!5+!1Jz#+!K+,&!+B!]4!L!48/F#!gB.{!T>z/3!)+M+!5!=C,w3!)+B4!5!8-$*#!=F*0!œz*C
!!!L!8'N+!•$xC+!"#.Z\!,X!5!,*%&!5+!j*3!D0$Q!,V!"(!D9#+4!)+.'#!5!R!8#+!74,(!O$#
!K$-B4!B4!5!KM$C!=3!g,lN!)+8*3!B4!Dqb:!,V!"(!D9*\!kS.32!"(!DxW!+B!5+!7$Z#P
!,lx'3!+,3!R!]$m!=#$?-,p!5!)M!=#+.C$#!L!DQ+!^*/š<V2!DxW!•!KB.f!=3!"c.“!g,*m
!8-$F&!)./(+!LK4+4!OJ0+!=#+,Z#!]4!^-+!M+!+,3!D>:$%3!"S5!M+2!DxW!"#M.&!L!8#+4,W!=3
!.C!K+B!U*p!K5+8C!"S5!"(!R!D9*\!)P!D_:$;3!v-,c!5!DQ+!D60!O+8(!"(!D9-,Z#
!L!8QB!=<#!)+8&!DQ4!"(!8#+!74,(!gB$X+!=-5B+8&!)$F*Fc2!DxW!"f$&!L!8-$</#!Bˆ;'3
!!L!"#M.&!]42!DxW!•!DQ+!O+8(!,fP2!"(!8*Q,p
!g.h!5!Tx#!7,X2!DxW!4.f!$&!5!R!8X!‰-B$C!¥$E<?\!5!83P,&!5+!,9&!K454!1P!)$*3!B4
!‚B¦!1+4,W!^-+!B4!+,3!D<E#!KJ*'Q+!5!g.EX!"F6“!5!R!8/ZN+!"cB5!^-+!B4!+,3!ƒ,m
!]4!B4!+B!)$zN$/3!^%Q!5!DQ!78X!"'x-,N!1+.&+!^-8&!"(!s'9*#!T(!]5+!^3!5!L!8*?(
!DQ4!,l3!5!D6*m!yS!)./(+!5!74B.f!]4,&!D:Ja!5!jES!4$?W!M+!DNP!,*C!5!74+4!K$S
!M+!s-$<#!=0$/'3+!]4!s*69C!M+!,W+!O4$'N+!7,-yS!)P!B4!"l#+8/\!L!sQ$/X!=<#!K,*W
!…JV!s/ZN+!1P!B4!^'?-.f!5!Oy-,Z&!"(!sV+.f!,W+!5!R!s#$<&!d.Fb3!5!O,*<&!=Z/Q,W
!!L48#.*p!sE&!=Fz0!5!$*#4!gB$9f!5!O.X
!.l*#!"(!8/-.W!$<60!5!L!DQ+!jEQ!R!s'f$/?&!7B.'93!)P!D_:$;3!"S52!DxW!+B!"f$&!"Z#P
!….63!M+!$-!R!4,*WM$&!8/F6c!g$/9m!B$f4+!5!g+,*f!K+,&!"š#P!)+8V+M!M+!=9(!"(!8-$</#
!"š#PB4!)$'Q54!$&!$-!R!4B+4!o-B4!8/V+.f!O$0!5!ƒ$f!‡J{!DES!M+!"(!Ky*\!B$WM5B
!='Q54!B4!5!R!s#+4!=3!.C!]4!B4!)M!^-+!jb3!^3!5!ŒL48#.*p!Dz-$w3!8-$X!+B!)$?-+![+,N
!R!8QB!)4,l&!$C!R!s?-8#+!^-+!,W!+5!L!s/(!‚.h.3!=FS.3!=&!5+!Db{!K5B+4!"(!4B.%#
!^-M+!+B!$3!)$#M!5!R!sQ$/X!=3!+B!D60!^-+!^3!5!•!sX$&!B5ˆ;3!"#.Z\!g5,3!jV+!‰-4y/&
!k/SB!4!"(!R!=(8#+!,Z3!R!s*/*F#!,'?*&!—#B!)+B4!5!s*V4!+B!)$?-+!$E:4$3!5!8'N+!B$*9&
!5!R!=34B5$*&!4.f!$&!]4!=-4+4!OJ0+!7$Z-$S,&!,W+!5!L!4B$*#!K,nf!)$?-+!K$xX!5!$3![+,N
!5!L!D“+,N!+,3!]4!Dh,N!B4!5!DQ+!Dm+B!.C!)M!Db{!B4!"(!R!^3!,&!K4.&!)$QP!‰*#!^-+
!)+B4!y*š*V!"(!O+!74$'N+!=3$z3!B4!5!4,(!s#+.C!=<#!gB.{!='S$m!]8&!,<0!=h$&!^-+B4
!D0$Q!,V!5!R!DQ+!78-B$F&!K5!,&!"(!s“!T&!M+!R!D9*#!,CB+.X4!]4!DFb{!M+!^3!,&
!)+,_V!"?-8#+!,Z3!R!DQ!78X!B.>z3!K5!DhB$x3!,&!^3!K5MBP!5!4y*f!=3!j-$V!=S.3
!,ZS!K$E<“!)P!M+!K8/šl-!5!R!44,W!s(!5+!•+,x&!D-}5!5!‰63!,lxC!5!g,*?0!5!jV+
!!!L!sV,&!B+.f!)$S!K$EC,lN!5!M.Q
!8#5B!='Q54!gB$-y&!).\!"(!DQ+!g4$0!+B!)$Z#M.&2!DxW!•K4,(!$VB!+,\!]4!2!DxW!"f$&
!4.f!$&!]4!8Q,#!)$?-+!T#+!^3+8&!s“!DQ4!5!4BˆW!=3,%&!)$?-+,&!M5B!"(!8/V+.f!5
!758#+!,&!4.f!km${!B$*'f$&!5!DQ+!Dz?3!5!s“!uF/3!5!D/b3!5!—#B!u<_3!)P!"(!L!8#,F#
!=3!™•/3!+B!=/V,<0!5!8#+4,W!=3!7,*C!+B!=N${!U*0!D0$Q!,V!5!R!8/l#!g$Fi!K4$X!5
!8X$&!DXM5!L!4.X!O$<C!^3!,&!.C!B+8-4!T#+!"(!s'Q+.f!O83P!=3!.C!"#$%&!).\!5!L!8/(
!R!KB+4!B5ˆ;3!.C!"(!DQ+!^l<3!5!R!O,F#!4.f!$&!]4!5!O4./X!7B.'93!)P!D:J3!,Ff!"(
!k6c!5!R!8-$<#!=3!Dz-$w3!,zb3!^-+B4!4$bC+!v&+.Q!^-8/\!$&Š!"(!8#,&!8&!"x-$c!)P!^l:
!!ŒLKB+ˆW!=3!5,N!44,W!=<#!uS+B!^<&!KB,a!"š#P!B4!.C![+,N
!!L!,C.l*#!s-P!74$3P!5!"'f$Q!$C!K4,WM$&!,W+
!R!8*#$QB!1P!)+,(,&!+B!"#M.&!5!R!8X!vi+5!‹,0!].>m!5!4+,3!`_/&!5!D?WM$&!B.N,&!"f$&
!!2!DxW!5!8-!8/%&!"#M.&!L!4+4!M+5P!Tp!R!4,(!B$q'#+!='0$Q!"f$&!L!8-54!DfB4!,&!Y'&!5+
!!!=/<X4!"'Q.*p!5!74.<#!='Q54!K+
!!=/(!^-+.C!^3!$&!"(!4.F#!.C!’,X!B4
!$/*&!]+.m+!,X!5!,*%&!5!78*?\!B$WM5B!4,Q!5!O,W!5!O+!78*#$QB!,f•&!,<0!‰63!B4!^3!"(
!B4!DX+4!+5B!t.SB!4.f!78*?%&!B4! ,\5!8'Q!M$&!4.f!74+4!"#$3M!"(!M5,3+!5!R!"'?W
!j-+!5!$/:y#+!8hŠ!"(!DQ+!B.E?3!j„3!5!R!"'N$*&!D&,_C!t.#!^-+!M+!5!O+!783P!)$&.l/3!7,3M
!.l*#!•$N5!5!•$x#!ua.3!5!R!8#$<#!78*X.p!^3,&!45B!"\,V!g$38z3!^-+!slb&!5!ŒL$/*60
!L!B+ˆW5,N!8E0!^9m!‚}!5!^*?/3!)+4,3!T6_3!B4!U*&!5!†-8m!^-+!M+!BˆWB4!L!sQ$/X
!4,<X!y-$S!•6>C!B$*9&!g5,35!=34,3!M+5!48#.*p!K.04!$V,/V!"<VB4!=9(!,W+!"\
!B4!$E&.\!t+.#+!5!R!44,W!K5B!4BM!)$b'3+!Y/Q!,&!"/-+,V!8-P!M+,N!U-$3MP!Dh5!).\
!8/-$3,N!=x6lC!D/-M!B4!5!8/-+B$*&!=Z#$&!,W+!5!R!4.X!^l<3!g+5$93!5!D9#$_3!gB.{
!)$*3!B4!UCP!‚$>#+!).\!$3+!R!8'N+!D-y35!)$bSB!4.0!,&!B+8-4!,V$|!,&!+B!=&.\!,'<(
!!!L!8#M$Q!"&$3,W!•60!+B!¦$#!5!8#,&!’$9&!B8{!B4!+B!4.0!8-P
!!!sE&!54!,V!8/QB!UC•&!).\
!!)8/\!8/\!).\!4.0!j;N!4.F#
!"f$&!L!DX+8#!¥.W!5!]4!"(!4.&!"'xW!7$&5B!"(!O,f!)P!).š<V!^3!"(!,F3!)$<W!y*#!5
!!2!DxW!•!)P!DQ+!"#.Z\2!"(!8*Q,p
!B$lX!5!8#$35,N!D(,m!M+!"(!8X!‘h$Q!)$/\!5+!g.h!5!83P!,&!,W!+B!K,*X!"(!8#+!74B5P
!^-+!‰63!2!DxW!+B!5+!KM5B!LK8*\!5+!"<;c!"a+,h!5!5+!D38fB!4!4.&!=V$&5B!L!8X!Bˆ;'3
!,9*3!5B+4!,W!+5!R!4!B+4!=3!^-+!B$f!B$f!y*#!+,3!2!DxW!,*X!•!4.3,N!8V+.%#!rJ0!+B!D60
!)P!k6c!5!R!4,-ê#!rJ0!,f!]4!5!¥.Z&!yS!"(!8/-.W!=3!^*/\!5!L!45,#!K,*f$C!4.X
!5!R!8#$<#5,N!B8h!^-+!5+!]$Fh+!^<*&!5!45,#!=xh.C!8V4!]$„3!‰63!,W+2!DxW!L!D9*#!,9*3
!]$<S!5!,N!5!DQ+!"'%-,&!‰63!K.3!5!L!4.X!74B5P!)5,*&!Y/Q!M+!K,f!`:${!,'X+!).\
!"(!DNB!)+.C!=<#!)5,*&!"?*&!M+!kFQ!)+8&!5!"'N,W!)$>z#!"-$3!…8#+!5+!K$E&!5!7.lX!5
!KBM$W!5!DQ+!K+!"<?\!=l-4y#!^-+!B4!5!L!4B+4!)$-M!+B!=V$X4$p!D&$E3!5!‰63!D<?m
!5!B+y“,3!)P!B4!M5B!"<V!DQ5+!U(!DfB!"(!K,f!5!R!8-P!$_#P!^'9X!"3$_&!M5B!,V
!K$_&!Bˆ#!’,X!,*X!L!8/(!"h8{!=h$&!5!4B.%&!5+!¥.W!5!]4!"(!8/(!Bˆ#!‰63!5!R!OB$*&
!!!L!4B5P
!+,C!"(!D9*\!kS.32!DxW!"l#P!L8*#+4,W!74$?W!Da5$x3!5+!$&!5!DNB!,f!‰-4y#!7$&5B
!1$F“+!DX+4!B$<*C!B4!5!R!8-$3,N!=3!B$(!+,3!,C+.C,&!BM$W!^-+!•s/*&!=3!B._#B!5!B+y#!5!,“}
!™6%32!DxW!7$&5B!L!8/*F#!1+.{!U-$QP!B$*9&!5!…8#+!5!R!4B.%#!•60!s“!"'F:+!5!R!8-$<#
!5!OB+4!=C,EX!^32DxW•K+!74,(!B$*'f+!D/b3!^-+!gB5,a!"š&!R!$*E3!5!‰-4y#!1,E3!5
!^3!]$„3+!"(!R!s'9*#!ƒ.>%3!J&!^-8&!$E/C!y*#!5!–!s&$*#!ƒJf!—#B!^-+!M+!O5B!$_(,V
!"F6(!).\!5+!^*3M!"(!O,&!KB+y“,<&!+,C!K,&!)$3,N!,W+2!DxW!7$&5B!L!8#+$/0!^-+!B4!"<V
!,F/0!5!‰?3!s*9/&!B$n0!jFc!).\!5+!K+.V!5!DQ+!^-y3!,V+.S!)+.:$&!¥5,N!,V.W
!!!L!,n;3
!!!DQ8&!=;a.3!./\!74.9p!)$b'3+!"#
!!K$e&!=';z&!./\!74,eQ!5MBP!"#
!‹$-B!B4!5!83+,f!=3!D<E#!5![+,N!"{,0!B4!M5,3+!5!O+!74,(!D:}4!+B!K,f!^-M+!U*p!5
!7$&5B!)$#!$C!D%*Z#+,&!+B!5+!=;<c!O$f!4./?&!j>N!^-+!,f!).\!L!4M+,W!=3!g,93!5!^3+
!"(!s#+4!=3!"\!R!D9*#!BˆW!.C!gB$X+!M+2!DxW!L!DN$-!r,N!=Z/Q,W!UCP!M+!5!8X!"'%p
!!L=/(!=3!D3,l3!5!=W4.<#!]4!^-+!DzxX!5!='Q54!K+,&
!,i.3!R!Df+8#+!=<fM!5!4,(!K5!8>h!,*X!L!4B5P!,*X!‰-4y/&!+B!5+!5!4$'9-+!U*p!7$&5B
!)+B4!"l#P!M+!=&2DxW!7$Z#P!R!4.<#!k_;C!='%:!,*X!•;a!M+!7$&5BR!!D%-,Z&!,f!5!83$*#
!,W+!5!R!8'N+!B54!Oy0!g$Fi!5!K+B!4+8Q!M+!)+.*m!k-ˆ;C!8X$&!='S$m!)+8&!5!K+!78-$N
!D9#+.'#!+B!,“}!K,f!^3!O58%3!"(!,C+,N!^-M+!='%&8&!O+8(!D?Z#!^l<3!‘Fa
!5!K+B!D(,&!O8-MB5!]$<V+!s-.W!,W+!2!"(!8*?-8#+!R!83P!)+,W!,*X!,&!^%Q!^-+!•!D9lX
!L!4.<#!8-$&!O+y':+!y_0!D<Q!s-$<#!‚+,'0+!g.h!B.>z&!,W+!5!R!O4,W!1.9/3!,*bC!5!44,C
!,c$f!5!D9*#!’,X!‚$?l'Q+!5!‚.h5!)+,&!+B!$-$0B!8//(!)$V$X4$p!"\,V2!"(!4.3,N!,fP
!5!8-P!M$&!,f!"(!M$Q!='6*m!5!R!BˆWB4!]+.Q!^-M+!L!8/*&!)$?-+!K+B!"(!8Q,#!)+8&!T(,V
!y*<3!D*&,C!5!D-$/0!8-y<&!U-.f!]$„3+!M+!5!4.X!,C!^X5B!)+8&!.C!’,N!5!4$z'0+!ƒ.6f
!!LK4,W
!g83!M./V!L!4B+8#!4.Q2!DxW!7$&5B!•!K4.&!74,&!$_(!+,32!"(!4,(!=&$'0!,f!R!DNB!7$&5B
!44,Z#!^l<3!='Q4!U*p!5!D35$z3!=#$<QP!,-8zC!$&!5!DQ+!78?#!K,eQ!.C!KJ'&+!5!—#B
!DQ4!.'&!,*X!,W+!"(!R!D?WM$&!B.N,&!5!4,&!='9-$&!=<#!4.f!M+!]4!"(!4.&!)P!K$S!}+5!L
!)+,&!+B!5+!.'&!D6{+.3!5!DFb{!K5MBP!5!R!4.&!vFX!’,N!5!g.EX!•8{!M+!4,(!M+B4
!D-+8V!)P!B4!^3!5!R!K4$'N+!78V$?3!v6<C!5!•n6C!t+.#+!='NB!=xh.C!,W+!L!DX+4!j*_;C
!"(!4B5PM$&!5!Dx-,x&!+B!,f!$C!4+4!=3!K+!"3834!r+y3!^-+!,&!L=<'?W!K5B! ,Q!D:}4!5
!!!L!DQ+,f!sV!5+!"(!DX+8/p!R!4.&!78-8#!,*X!yW,V!,f
!DxW!+B!7$&5B!"Z#P!L!D9lX5,N!5!D9S5,&!7$W$#!Tp!!DN,W!=Q$/*'Q+!5!=x:$C!+B!5+!,*X
!k*C,C!5!v9#!^-+!,&!D60!^-+!rJ0!"(!R!OB.%&!5+!]45!¥.W!Tp!s/l&!=69“!^3!2
!2!DxW!83PM$&!).\!,*X!L!4B.%&!54!,V!]4!5!¥.W!7$&5B!8X!k-$“!5+!).\!L!8#+!74.3,N
!y(,3!=l-!"(!R!='X+4!]4!5!¥.W!5+!,W+!+B!‰63!4$&!$z&!2!"(!4+4!1+.S!•!.(!]4!5!¥.W
!5!K4./?#!^3![5B4!4.&!78-4!‰63!D:.{!"l#P!M+!Tp!R!DQ+!u<Q!jb3!,Z-4!5!jz0
!!!LK83$*#!B.W!,9&!4.f!K$e&!5!K8?#!"'x-,N!D;-8%&
!D;-8f!5!,l3!v-$h4!M+!.C!5!R!s'9*#!]4!5!¥.W!=&!^3!"(!=#+8&!$C!O4B5P!)+8&!j„3!^-+!5
!‰-B$C!7+B!$C!O8*X.(!B$*9&!5!s'N$-B4!U-.f!4,f5!K+B!"&!^3!5!='X+ˆZ#!=h$&!•*V
!]$b3!•8X$&!=3!D;S+,3!uh.C!M./V!D?W!)$QP!"'?W!B+.X4!B$(!5!8X!^X5B!78X
!!!L!D9*#!’,X!=?-8#+
!!O,Z#!s(!)$<Q•&!K.X!7$3!,W
!!!O,F#!D-.l&!DfB!K.X!D%&B5
!"(!4$'N+!='m+,S!^3!M+!.C!]4!B4!5!R!4B+4!r+y3!‰-!^3!B$l#+!5!‚+,'0+!M5,3+2!DxW!"f$&
!)$/\!^3!=#$?*p!B4!K,x|!s*£:!5!KB+4,(8&![+4!5!L!4,-ê#!sV,3!,V4!vNB!5! ,\!•n6&
!4.Q!D3+8#!5!=#$<*?p!5!g,9m!5!s“!5!R!8-$*#!)$l3+!5!sV5!B4!)P!.b3!"(!8X!^l<'3
!!!L!4,(!,_V!D&,a!,*Q+!^C!5!4$E#!8-$F&!=3!Dh,N!D&,X!t,_C,&!]4!R!4B+8#
!!!O4,(!$nf!‰-!,<0!"<E&
!!!O4B.f!$nf!8{!,-.?C!5!s“
!!4./?f!K.X!^3M!D38f!"š&
!!•O4,W!)P!4,W!M5,3+!^3!$C
!!L!^'?WM$&!8*3.#!5!k-$f!5!4.&!)4,(!B,z3!j>N!^-+
!=#$<*?p!8/&B4!$C!8V4!4$F&!D6x“!5!=#+4$/&!5!4BP!=:$3!$-!='Q54!"l#P!)$'Q+4!D9/-+
!$&!+B!1$&!^-+!"(!8-$&!D&,_C!5!K+B!jV+!5!L8X$F#!8*x3!8#M!™xh!,&!,Q!8/\,V!5!R!8'N+
!]$3!5!)$'Q54!M+!R!+B!4.f!k'9l3!"(!8/Q$/X!Dz*zb&!5!8#M+8#+!M$&!4.f!DQB$<35!4,f
!"\,V!"(!R!4.&!8-$&!Bˆm,&!‚+,Q+!5!u**wC!ua.3!M+!5!R!DX+4!8-$&!y-y0!R!)P!yS!5
!!L8X$F#!8*x3!g,*m!5!•Q$C!5!g,_a!5!•E6C!5!8-$*#!M$&!=/<C!,E&!8?&!DQ4M+
!!!L!"'<mB!5!"/<&!R!4+B+4!=#+MB+!4$XB+!5!D-+8V!g4$;Q!+B!)$/3.3!"N$(!=:$;C!4y-+
!!
!!
!!d,0!^&+5!8V+y:+!1$&!!!!!! !! !
!]$<V+!)+!œxm!B4!5!44,W!B4$h!4.f!4+,3,&!"(!=9(!)$'Q+4!O4./X2!+B!^<V,&!DxW!K+B
!"l#P!j„3!8/(!)$*&!)./(+!L!44,W!~.f$3!D#5.3!5!D3+,•&!5!4$'N+!D3+8#!M.Q!B4!$C!R!8-$<#
!D3$f55!5!B$(!DFh$0!R!8X$&!jN$“!,lxC!5!,&8C!8-+.N!M+!5!4B+4!+5B!j*_;C!s-+y0!K$w3+!B4
!!2!DxW!^<V,&!L!8QB!$_(!5+!j<0
!!D;Q.C!)+!Kˆ:+!,3}+5!…$-+
!B.>z3!5!D3J3,&!=/F3!5+!B$(!kh+.0!8E/#!B$h5!5!Oym!g$Fi!,&!4.f!B$(!780$h!"(,V
!DQ!78*#+4,W!"'Q+BP!)+8&!+B!)$*34P!=:$;C4y-+!"(!='6>f!,C!74.'Q!5L!8X$&!D3+8#,&
!j3$X!+B!v6f!)P!8-+.N!5!DQ+!O$0!)P!uN$/3!"(!+,-M!R!DQ+!B$h5!D6*wN!5!s6m!]$<S
!=9(!,W+!5!Œ!L!slhJf$&!sV.;9N!sl:+.3$&!d$/:+!+.;9C!^:!sl#+Š!OJ9:+!"*60!=F/:+!]$h2
!5!='Q4!U*p!)+B8#+!)+,h+!5!]$„3+,&!5!8-$<#!gB4$F3!j-$wN!t+.#+!5!OB$l3!1+.&+!s-8zC!B4
!"/-P,V!5!R!8#$X.e&!+B!$V,/V!"<V!48#.*p!)+8&!‰'EC!5!=-.f!DXB4!).\!8-.S!Dz&$93
!Dx{!B4!5L!‰:.m!^3!+.wx#}!k6z:+!œ*6“!$qN!D/(!.:!5!L!8-P!8-8p!=C,x#!5M+!uFc!B4
!5!8X$&!1.Fb3!s*6m!"(!+,-M!Œ!L!s*6m!7+5}!s*V,&+!)+Š!DQ!783P!OJ9:+!"*60!j*6f
!).l-!)+!=•F/-Š!"(!='NB!"/0!@+!=aB!"-5$;3!œx:!,&!5!Lj-$3!58&!O+.0!5!ƒ+.f!K$E:4
!^9m!u<9&!^%Q!^-+!ŒL$0$_X!K,*&y:+5!$V$*C!=35y%<:+5!$<*6m!K.3}+5!+4+.S!=<X$E:+
!5!R!8#4,W!U-5B4!5!8#MB5!g5$%Q!)•*<X$V!$C!8V+.f!=3Š!DxW!8*Q,&!"*60!@+!)+.aB
!)$-,F-M!5!R!8#,*W!^<X4!+B!)$?-+!)$34,3!5!83,&!)$?-M+!uFc!$C!8//(!,F(!)$*35y%3
!O4,3!5!R!8#4,W!"'?(!5!8#M+8#+!k;{!K$VB$(!5!Y/S!B4!+B!^'?-.f!R!D0$_X!B5,•&
!B4!5!8'N+!7+.N+!B4!KB+MP!s(!5!s6b&!8/-5+!K$&,h+!"(!"*3+!=/&!,(~!5!R!8QB!,f•&!)$?-+
!!!ŒL!8'N+!j*3!)$?-+!K$N5!5!}.&!+B!v6f!5!8#4,W!1.Fb3!)$34,3!K$E:4
!R!OJ9:+!"*60!R!DxW!,F3$•*p!"(!4.&!8#+.'#!j{$m!uFc!).lQ!5!Oy0!g$*€yS!s6m!D<Q!5
!DN$>m!5!4,f!1$&B+!g,*Q$&!5!D9*#!78-8/9p!KB$(!1$'X!"\!Œ¢$#+5~!}+!s*6m}Š
!"(!DQ+!8V+M!)P!D-$lm!Dh$*Q!^-8&!v-}!5L!)$n*?:+!^3!˜6_;:+!)$N!R!4B+8#!='FQ$/3
!L!D?l&!+B!7$/W!=&!K.Q+B!7B$š*&!5!4.:$*&!vm$#!).%&!DQ4!$C!4$E#!7+B!B4!g,*>&!=&!O8h
!!2!DxW!•!)P!DQ+!"#.Z\2!"(!8*Q,p!K+B
!"-$3!+B!•4${!`F{!"h$Q!¥B$9fB!Tl0!"(!+B!‚+,c+!7y*($p!=#M!K8V+M!"(!8#+!74B5P
!!!74,(!483!+B!kX!";*6c!Ux:M!Y#B!5!4.&!74+4
!K8/šl-!).\!8X$&!K8#M,N!+B!5+!"š#P,&!4.<#!=3!ƒ,m!‰*#!5!4.&!74B5P4.f!slm!B4
!=6Fm!+B!)M!5!4,(!D<mB!=:$;C!4y-+!d$-!M+!Tp!L!D?W!8*3.#!4$'x*#!•$xC+!5!DXˆZ&
!+B!)M!KM5B!‰-L!4B+4!=3!7M$C!)P!,(~!kX!5!M5B!"(!DQ+.f!=3!5!8X!4$X!,*p!L!83P!+8*p
!Dz-,c!1+4P!5!D;-,X!O$lm+!5!sE#!¥.l*#!O$#!R!8-P!K,9p!+,C!"(!8X$&!45M!D%Q2!DxW
!B$WM5B!5!‰-4y#!g83!B4!"l#$/\!R!s-$<#!8S!5+!`*X,C5!D*&,C!5!k-ÊC!B4!5!OM.3P!5B4
!5!8#$3!=h$&!5+!,(~!5!4.X!=#$<QP!D3+,(!].Fh!8;'93!5!44,W!=/-4!]$<0+!vb'93!…8#+
!!L!8-P!j{$m!s?\!=-$/X5B!5!]4!K4$X!)$?-+!)$l<&!+B!$3!"(!8X$&!)+8#M,N!5+!j9#!M+
!+,3!"(!DQ+!^l<3!5!•!4.&!8V+.f!,9p!+,3!"(!=#+4!=3!$_(!M+!5!DQ+!,Q!"\!+,C2!DxW!)M
!D60!5!"<Q+y0!R!B$W8-,NP!"(!7$Z#+5!L!8-$*#!,9p!8'N+!•$xC+!,W+!5!R!8X$F#!8#M,N!4.f
!B$(!^-+!"6<S!B4!L!8/l#!g80$93!,<0!"(!4.&!8-$X!R!sV!DX+4!=#+MB+!D<;#!^-+!R!"'<6(
!!L!=3+,f!=3!•6>C!"{,0!B4!5!K+!78X!B+.Q!=/<C!k(,3,&!B+5!)+4$#!.C!5!DQ+M+B4
!K.3!5!K5B!,&!^“5B!8EX!"lC!d+!4,3!$QB$p!)P!†-8m!r+y3!,&!DQ+B!^%Q!^-+!5
!!2!DxW!•)P!DQ+!"#.Z\!2!"(!8*Q,p!8V+M!L!D%-B5,N!U-.f
!4+83$&!M5B!,V!5!R!='f5,N!^“5B!5!8EX!"(!4.&!=#$WB+M$&!5+!B+.S!B4!5!4.&!K4,3!$QB$p
!=-.FQ!B4!=h$&!5!K4,&!B$l&!)+M+!Ky*\!L!K4$'Q,x&!5+!g.h!K+,&!U-.f!D0$w&!M+!KB8h
!=3!)+B4!KM5B!‰-!L!8X!,p!K.FQ!=Z'9V•&!L!D%-5P!=3!"#$f!M+!=N,c!B4!5!K4,(!=3
!—/p!)+M+!R!Df5,N!s#+.'&!OB4!78&!^“5B!5!8EX!^-+!,W+Š2!"(!8*?-8#+!L!D9-,Z#
!KB$Eq'Q+!)+8&!+,3!5!OM$Q!$E3B!)$?-+!—-$'#!M+!5!8/-+y&!—/p!=V$3,V!R!O,f!8/eQ.W,Q
!R!8-P!K,9p!‰X}!–!sV+.%&!)+8#$f!M+!=#M!5!s#+4,W!"'f$Q!U-.f!1$FQ+!R!8X$&!O$<C
!14+!$>0!^-8&!8-$<#!K4,<C!,W+!8?(,&!]$-!).\!R!OM.3PB4!14+!5!s60!5!sE#!¥.l*#!O$#
!$>0!7$W$#!"(!D?W!=:.'93!)$/\!"?-8#+!^-+!5!8X!K.h!)$/\!g,lN!^-+!L!s-$3,N
!5,N!5+!K5,&!O$<C!^“5B!5!8EX!5!D9l?&!]$mB4!R!4M!K.FQ!,&!D6x“!,Q!M+!5!DN,W,&
!!!L!8-54
!=:$f!=F*0!M+!•4${!^*z-!5!O$<C!)$zC+!=&!^%Q!‡$''N+!"(!=#+8&!$C!O4B5P!)+8&!j„3!^-+!5
!)P!,(~!U*&!5!R!DN$-!=V$F'#+!=:$m!gB$X+!^-8&!8V+M!L!8?(!D3+8/&!)P!D<C$f!5!8#$<#
!L!83P!D;6c!].Fz3!gB.{!$F-M!K,9p!vb:+!L!8X!K,eQ!j<m!g83!$C!R!8#+,#!)$&M!,&
!45B!=3$<b&!"(!DQ+.f!DXˆZ&!)M!D:J3!g83!).\!L!8*#$QB!$N.&!$VBˆ#!5!8#4,(!$E-4$X
!L!83P!8V+M!K$08'Q$&!B$WM5B!7$X4$p!8<';3!4.&!='0$Q!L!DN,&!5!4,eQ!B8e&!+B!,9p!R
!K5!M+!t.#,E&!5!K4.&!$_l-!)$?-+!$&!"(!8/'X+4!K.Q+B!"#$f!B4!5!–!D?Z#!^l<3!,*f$C
!K5B!KB$3!8X!k-$“!5+!"l#+8/\!L!DN,&!5!DX+ˆZ&!,9p!$&!+B!5+!R!K8#4,<X!j{$m!=“+,N
!8V+M!).\!L4+4!ƒJf!+B!,9p!5!D?l&!+B!B$3!.Q+B!L!8/(!…JV!+B5+!$C!4$E#!…4.(!8E<&
!R!DQ+!,9p!).f!)P!"(!DX+8/p!8V+M!L!8-54!M$&!5+!U*p!78*n6“!).f!B4!.Q+B!83PM$&
!L!DN.l&!¥,Q!5!DN,W!.Q+B!B4!+B!$>0!]$m!uF'C!5!B$(!‚,;C!M+!U*p!5!D?W!¥.E*&
!5!DN.(!]4!,&!='%:!L!8-4!7y-B!7y-B!+B!B$3!5!DN$-!D3J9&!+B!,9p!83P!"#$f!B4!).\
!!2!8*X+,f!=3!"/*Q!5!K5B!5!D?WM$&!B+.-8&!D?p!B+5!¥.V83
!!=?*0!^3!U*0!.\!=%6'&!"#
!!KB$h!^3!M5B!.\!D<6q&!"#
!vm$#!).f!^-+!5+!kF9&$C!K4.F#!•:+!^-+!5+!$&!+,3!5!K4+y#!yW,V!…4.(!^-+!=lX$(!5
!"#$f!sV!"(!,C!j-$V!^-+!M+!DF*>3!O+8(!5!–!K4$'x*#!"S5!=&!O+8h+!^-+!5!K8?#!"'%-B
!!•!O8*#$X.p!•6C!d$F:!j-5$C!=&!5!O4,(!…JV!=FS.3!=&!+B!4.f
!B4!"(,V!5!¤!DNB!"(!4.&!^-+!DX+4!=#+MB+!K8#M,N!"(!K,*p!]$m!B4!K4y-+!D<;#!,lX
!5+!,(~!5!44,W!DF„3!)$*{$0!78-,S!B4!5+!O$#!4MB5!D6x“!D<;#!B8h!Df$/X!5!,lX!K+4+
!)M!"(!8*:$#!=3!g,*m!^-+!B4!5!8*š*p!=3!g,lN!^-+!B4!5+!L!4.X!.b3!)+,($X!"x*b{!M+
!5!4.<#!D(B$?3!5+!$&!g,_a!5!=:4!Y/C!B4!–!4,(!g8V$?3!]$m!)P5!8*QB!B4!O$<m!M+
!B4!"(,V!"(!B+44$-!j„3!^-+2!DxW!+B!8V+M!,fP!R!8/'Q.*p!‹.f!Da5$x3!^-+!B4!='0$Q
!8X$&!=V$F'#+!+B!5+!D-$lm!^-8&!8#$3!,E&!=&!D/*lQ!5!B$h5!uN$/3!M+!5!8-$<#!D6_0!$VB$(
!!!L!8-P!j{$m!KB$F'0+!D&,_C!^-+!M+5
!^-+!"(8-$&!8/34,f!5!L!8#$QB!$w3$&!KB$(!D<-y0!B+,h!M+!U*p!"(!=9(!)$'Q+4!D9/-+
!1+.&+!"<EV!B4!5!R!8/(!=6z*{!$<lm!gB$X$&!+B!U-.f!K+B!"/-P!5!R!4M$Q!O$3+!+B!1B$_C
!Dm$9&!D:54!5!]$Fh+!4.N5!$C!R!4y*V,e&!Dxf!5!j*_;C!M+!5!R!8-+,W!,&8C!5!=#$C!5!D*F„'&
!!Lv*N.':+!=:5!@+5!R!44,W!j>'3!5+!k#$_&!g4$;Q!5!,*f!4+83+!5!4.X!,C+.'3!5+
!!
!!
!!
!!! !! !! !
!!~,_:+!5!B./9:+!1$&! !! !! !
!D3+8#!5!g,*m!K$-B4!B4!+B!4.f!D-5B!5!g,lN!=&!"(!T(!)P!j„3!O4./X!DxW!K+B
!7.F#+!)$/<X4!"l#P!)$'Q+4!8-.WM$&!)./(+!L!8*#+4,W!=#$<*?p!5!D3+,“!O+4!"'9&!5!8/ZN+
!Tp!R!8'N+!•6C!"wFh!5!…JV!]$Z/\!B4!"l#$/\!8/-PB4!5+!U*p!5!Tp!5!DQ+B!5!I\!M+
!D3J9&!5!8#+4,W!•*n:!4.f!]$m!]$<S!5!8/*&!)$?-+!g}+.3!5!DxcJ3!B4!U-.f!r,%3
!5!8-PB4!"#.Z\!DxcJ3!4,W!4.?#!,9*3!1$&!^-+!,W+!5!L!8#$QB!$N.&!^<X4!$&!8E0!5!8E_&
!!•!8-$<#!d$<':+!v-,c!"š&!`6{
!=w;&!"/-+,V!5!R!8X$F#!D&$i!5!s-$h!=Z-$/<X4!5!='Q54!k6“+2!"(!4+4!1+.S!^<V,&
!1$'NP!7$W5!4B$&!=3!7$W!"(!D9-B$E&!,&+!).\!)P!]$„3!5L!4,-ˆp!D:$b'Q+!B$WM5B!ž4+.b&
!!!L!48/F#!gB.{!=C$Fi!5!=3+54!+B!)P!5!8&$C!=3
!!L$E3+54!=S,-!T*:!•*{!˜&$bQ
!K$z&!B4!]4!5!4B+4!r+y3!^*<V!4,3+!]$<S5!"#+.-4!DxcJ3!5!)$n6Q!D&,h!5!)$#M!•$N5!5
!5!$<#!5!8X$&!78*QB!=Z#$Z-!5!•n:!]$<l&!"(!DQ+!='Q54!B$*9&!5!–!D9&!)+.'#!)P
!8?(!g4+y'Q+!5!g5+8;&!5!8'N+!=<fM!s?\!7$W$#!R!78#$3!=h$&!B$WM5B!4+8'3+,&!)P!g5+,c
!5!g4.3!K$/&!5!44,W!y*\$#!D63$b3!‰*&!ž5B.3!K$E'*F>0!5!s-8h!K$EC5+80!M$&!5!–
!)$3,N!D*wh,&!1$&54!,V!B4!K+B!^X5B!8/34,f!5!L!4.X!slb'93!5!8(.3!DFb3!d$Q+
!)+!=90!R!$3$#.V!‰F*Fm!kFm+Š!":P!=60!5!"*60!@+!=6{!=F/:+!]$h¡!45B!g.F#!g,wm
!^<X4!•:$C!"#!LŒ$3!$3.-!‰F*Fm!).l-!^-+!=90!R!$3!$#.V!Ÿ;&+!5!–!$3!$3.-!‰w*•&!).l-
!5!4,<X!y-$S!=6(!4$<'0+!='Q54!,V!,&!"#!5!8#+4,W!unz/3!5+!='Q54!M+!u<c!5!!4B+ˆW5,N
!$3+5!L!4.X!^<-+!)P!)8*#+4,W!)$?-,p!B4! ,\!,VM!5!,V4!,l3!M+5!L!8-+yN+!Dzi!5+!K$N.&
!uN4!^<w'3!).\!4B+8/p!D<*/“!+B!^<X4!5!D&B$z3!5!`6{!d$<':+!U-8#+!DFh$0
!B$(!"S5!=#$;3!^-+!B4!"(,V!5!L!4$'N+!,-,zC!"(!‹+,“+!^-+!K+,&!8X$&!=';x/3!,S!5!=C,w3
!R!8/*?#!‰-4y#!4+,3!`_#!5!‹,“!].>b&!8-8&!Dh.&!Db6>3!v-,c!5!DX+4!s?\!U*p
!D-$lm!R!)P!g+.f+5!^€+,h!M+!5!L!44,W!ƒ.>%3!g4$;Q!`F{!t.6c!5!D:54!1$&!`'x&!5
!!2!DxW!•!DQ+!"#.Z\2!"(!8*Q,p!K+B!L!DQ+!¥.3!5!"&,W
!K+!"&,W!)P!‰-4y#!5!R!¥.3! +B.Q!DfB4!,-M!B4!5!R!4.&!='fB4!,EX!)Jx&!"(!8#+!74B5P
!5!4$'N+!O+4!B4!"&,W!L!4$E/&!O+4!4$*{!KM5BLK8#83P!B$*9&!$_#P!)+4$*{!5!–!DX+4!"#$f
!=3!s?\!’$*'m+!K+,&!k#$S,E&!L!DNB!)5,*&! +B.Q!M+!"<;c!k6n&!¥.3!5!L!8#$<&
!L!D?W!4$X!8-4!"'9&+B!"&,W!).\!L!8/ZN+!"&,W,&!,q#!7$W$#!R!4,(!=3!7,Q!7+B!5!Df+8#+
!=C$x':+!DfB4!K.Q!R!4.&!74,(!^*<(!5+!DES!M+!=-.Q+B!D9-,Z#!Tp!M+!)$*3!^-+!B4
!,W+!5!R!Oy-5P!^3!B4!.Q+B!O4,WM$&!,W+2!"(!8*?-8#+!5!8*Q,'&L!DX+4!5+!8>h!=3.&!4.<#
!$VJ&!B42!DxW!4.f!$&!L!D9V+B!B4!"&,W!O5B!,'?*p!,W+5!R!8-P!45,N!O.&!O,*W!B+,h!K$S,&
!!L!4,&!8-$?#!4.f!M+!]4!"<V!^-+!$&!5!R!‚.%3!7+B!5!‘*b3!^<&!DNP!t+.#+!5!DQ+!M$&
!K+B!K.h!5!L!D9*#!4,f!B}$Q!M+!,C,*W!DQ4!T(!•*V!5!jz0!"-$Q!M+!"&!+,3!=V$/p!•*V!5
!"\!R!4B+ˆZ#!]$_3!]4!=X+.m!B4!+B!g,*m!5!‚.f!5!8V8#!7+B!4.%&!+B!D?V4!]$m!•*E&
!,*<a!B4!Dm+B!5!R!8#$X.e&!+B!jz0!"(!8Q,#!8m!)P!$C!DN$>m!5!DQ$*(!jV+!D/b3
!)$?-+!^c$&!]$„3!5!L!8#$35,N!K,*&8C!5!44,W!=:.'93!,n&!"(!8&$*#!jb3!)P!sV!)$?-+
!B4!"\,V!5!R!Df$/X!)+.'#!)P!=NB¦!7M+8#+5!DN$-!)+.'#!B4!)P!,;h!"(!DQ$-B4!B.“!).\
!,V$|!K5!B4!=W,*C!,i+5!8_/Z&!K5!"6{.m!B4!5!8-$*#!8-8p!K5!B4!4.X!"'f+8#+!K5
!=&!5!DQ!78#$3!J&!^*0!B4!"(!D9*#!"&,W!`6{!M+!,C!vN+.3!,*&8C!•*V!+,3!5L!44,Z#
!5!8-$<#!t$<'Q+!4,f!¥.Z&!^3!^%Q!"(!4.&!8-$X!5!R!DN$-!8#+.'#!ƒJf!)+M+!^3!D#.;3
!•$x#!5!t+8f$&!+B!)P!"(!8#+8&5!R!8&$-!‚.h5!^3!B$'xW!•8{,&!5!4BP!)$*3!B4!"#Jh$0!y**<C
!^3!Db:$>3!D#.;3!u<n&!5!R!DQ+!B54!•BM!5!,l3!‹,;3!M+!5!48/F#!gB.{!=F*QP
!!!L!8-P!j{$m!=C$_#!•$N5!^<-!5!='Q+B!g$(,F&!+B!54,V!5!R!4,-ê&
!¥.3!L!Dz?3!5!J&!1+.&$&!)5,z32!DxW!•!D9*\!]$m!"(!8*Q,p!5!DNB!"&,W!‰-4y#!Tp
!yS!^3!M+!K+!74./X!•*V!yW,VL!$<3ˆC!5!$3,lC!"'(,'F:!$<i$C!1ˆl:+!…,C+!s:!.:2!DxW
!5!R!K4,<X!4.f!=3$(!4$X!^*0!+,C!=3$($#!5!=34.&!4$X!.C!s•&!"?*<V!^3!5!•!DQ+B
!ƒJf!5!R!J&!B4!O+.C!‰-,X!M5,3+!^l:!R!=<'X+4!B.>z3!48#.*p!g,w<&!"š#P,&!D<E#
!5!L!O+!"'?W!)$&,E3!kFQ!)+8&!R!DQ+!j<'?3!.C!ƒJf!,&!"(!OB+8/p!=3!)+B4!U-.f
!=<#!=:$ZQ8&!5!D#$*f!^-B4!5!s-.W!=3!DQ+B!^3!"(!D9*#!78*X.p!.C!DN$>m!5!4,f,&
!^3!8>h!54!,V!5!R!!8-4!)+.C!=3!DfB4!K}$&!,&!+B!O.&!5!^3!,i+,&!+B!.Q+B!y*#!5!R!s#+4
!!!L!D?W!unz/3!^3!M+!)$?-+!u<c!O8X!‰-4y#!.'&!"(!7$W,V5!R!8#+!R.C!)$/<X4!5!8#B+4
!!!‡+5B+!B4!DQ+!Dm+B!kFQ!.C!K$z:
!!)+8&+!B4!DQ+!Db{!kFQ!.C!K$z&
!5!8QB!].>b&!^3!‹,“!5R!!O8#.*p!.'&!$C!BP!K$_&!K8*($C!5!)+4,W!^<-+!+,3!)./(+
!g,-,Q!gB$Ec!5!g,*Q!^9b&!5!B+4!4$-!+B!^%Q!^-+!L!=&$-!r,N!5!O,F&!"<V!.C!K$V8/&
!2!8X$F#!,C!O5,b3!^C!54!M+!g+4$;Q!…+B4+!5!g$/9m!^'N$-!M+!T(!•*V!"(!R!¥$&!vi+5!^3
!"l#P!,Z-4!R!4.?#!slb'93!5+!Dzi!)+8/34,f!B$'xZ&!5!8/l#!4$<'0+!=9(,&!"l#P!]5+
!+B!)+8/34,f!8-.W!"š#P!B4!5!8/-$<#!t$/'3+!5+!g4$EX!v-8>C!5!D-+5B!].Fh!M+!)+,Z-4
!!2!s-.W!=3!5!s-P!=3!4.f!K$N5!8E0!B4!^3!5!L!4.F#!1+.S
!!s/(!"#$Z-!]4!.C!$&!K.X!"#$Z-!,W+
!!!s/(!"#+,(!)+,F:4!,W4!,E3!5!v?0M
!44,C!$VB$(!B4!5!•h.C!g$<E3!B4!jh$0!"(!R!K$</3!,*f$C!B$(!^-+!B4!5!,-ê&!DxcJ3!^-+
!M+!‰-!,V!KB$Z'QB!"\!R!O4$X!.C!g$*b&!^3!"(!^(!¥.f!^3!K$zF&!]45!R!4,<?#!y-$S
!)$&!='?(!5!8QB!"#+,l&!)$&!='?(!=;9&!='?(!"(!)$/\!R!DQ+!v6;'3!K,Z-4!K$zF&!$3
!^X5B!1$'NP!).\!5!D?W!8V+.f!O.6;3!U-$3M•&!^3!•8{!5!L!8&$-!ƒJf!='?(!D:+8&
!!L`S+B!B$'xW!,&!^3!B+4,(!5!DQ+!,{$h!j<0!M+!^3!].h!"(!8X
!^%Q2!DxW!58X!4$X!8-8&!)P!g$bx{!,&!='Q+B!]$<S!5!4./?&!¥.3!^%Q!"&,W!).\
!D9'6<S!)P!,&!"<Q+!y0!KB$&!)$3,N!"(!R!O,-ˆp!=3!Db:$>3!^-+!^3!5!R!8#$3!=3!vb&!.C
!+8*p!ƒJf!)P!^<*&!+B!k#$S!54!,V!"(!OB+4!=3!8*3+!5!L!$E:!`/S$N!s696:!+.b/S!)+!52
!!L!s-$<#!D/35!,lX!O+y':+!,<0!"<V!5!s#+4,W!kS+5!4.f!,&!)P!g+M$_3!^3!5!8-P
!^3!)+8{$h!$C!R!45B!+y9&!=:JS+!5!O$<C!=F*m,C!"(!8-$&!s'Q.*p!.'&!).\!^32!DxW!¥.3
!,Q$f!5!k-$f!5!8#.X!•h+5!g}+.3!8z0!O$lb'Q+!5!g$N$>3!]$m!•n:!,&!)P!78V$?<&
!!!L!s/(!^*/\2!DxW!L!O,F&!.C!K$V8/&!g,93!5!D“+,N!$&!^3!5!R!8#4,WM$&
!¥.3!5!R!8/'N,&!8*3.#!54!,V!O.&!5!.Q+B!5!R!8*Q,e&!O,W!+B!5+!"&,W!L!83P!,'?*p!¥.3!"Z#P
!^3!4$z'0+!5!R!K8X!].63!45M2!DxW!5!4,(!=-$nF'Q+!"&,W!L!DN,W!)8-,&!$V8/&!=Z'9V•&
!5!K4,(!]8&!D*#!,Z3!K83P!M5,*p!U-.f!DS$m,&!).\!R!4.&!^-+!‚J%&!.C!8E0!O,(!B4
!O$Z/V!B4!T(,V!K+B!g$Fi!5!D<-y0!g.h!"(!)+8&!•!=?-8#+!=3!D;N+83!805!M$_#+!B4
!!!DQ+!)+4,3!‰b3!5!$N5!"C.&!"#$3M!ž4+.m!"(!+,-M!R!4.3MP!)+.C!DFl#
!!BM!B$*0!=N${!"/-P,V!8/(!UCP
!g4.3!uN$/3!5!R!4B+8#!='FQ$/3!)$WBy&!g+4$0$&!5!D9*#!v-}!)$<-,(!•Jf$&!D6c$<3!^-+
!5!R!D?W!unz/3!.C!g+~!M+!k:$“!)$/<X4!u<c!5!='N$*&!,C!jS$0!"\,V!^3!D-,m!8-+.N!5
!•:+.Q!5!K,F&!^3!K$V8/&!,C45M!5!K4,<X!OM}!)P!g$N$l3!"(!,C!v-}!)P!g5,<&!=:$m
!@+8<b&R!!+B!D?h$/3!v&+.Q!D?W!7M$C!$3!)$*3!"(!DzN+.3!^-+!"(!R!KB+ˆW5,N!+B!D?m5
!5!R!8#$<#!78*X.p!.C!K+B!5!4,f!,&!KB+yW!vm!‚,X!5!KB+4$N5!D6*wN!5!–!!DX+4,&!R!"/35
!5!kh$/3!]$<S!s-,(!R!DXM!K+!"X8f!5!DQ+!"-,(!='*<Q!,l3!D>z/3!5!B8“!D<{5
!5!,V$|!DQ+!=6*3!D-,b&!+,(,V5!L!8#+4,Z#!1.*;3!5!™h$#!)+8&!U-.f!^Q$b3!"/-P
!KBP!)$*3!B4!ª(!^*'F;(!"(!=V+.f!,W+!y*#!5!L!4B+4!,&+,&!g8V$;3!M+!Tp!)$'Q54!$&!^c$&
!!L!8#$<#!B.'93!T(,V,&!)P!k-$;3!5!8'N+!tJc+!)+,&!sV
!4B+yW,&!D<V!5!8X$&!B.x#!•.zm!]$<V+!uFc!DQ+!u-$X!=C5,3!5!j3$X!=3,(!$_(,V!5
!D>:$%3!)+8*3!B4!O8h!44.C!‰*&!g,-,Q!.l*#!g,*Q!1.f!4,3!5!L!B.>z3!)P!kS+.3
!"'Q+,*p!+B!g5,3!5!=34,3!]$E#5!R!8#$QB!)+.*(!r5$&!+B!Dh4$>3!5!='Q54!K$/&!5!8E#
!+B!)P!5!8/(!.b3!‰FQ!8/*&!='#.?f!5!='?m5!"z&$Q!,*<a!B4!,W+!5!R!8#+4,W!1+,*Q5
!)+8/W.9&!5!8X$&!783P!)$*3!B4!='z*i5!"(!"{$f!R!4,<X!`&,3!=CB$_C!5!•By&!D<*/“
!!!L!"'?W!8(.3!"q6•3
!d$Q+!5!,<0!80+.h![5B4!8/W.Q!5!R!44,W!]M$#!45M!)+B4$“!D&.z0!"(!Df$/X!8-$F&!5
!t8C!d.<;•:+!^*<*:+2"(!8/(!gB$X+!"z*h4!^-8&!g.F#!)$&M!5!R!8/(!j6f!$&!45M!=#$W8#M
!5!.x0!B4!5!DX+ˆW!8#+.'#!5,N!B+MP!g$38z3!t,wC!5!ua+.'&!"(!T(!)P!5!L!uNJ&!B$-8:+
!)+4,3!U*pB4!5!44,W!jc$0!=3$#.l*#!"-+,*p!M+!4.<#!8#+.'#!gB4$F3!5!='Q4!U*p!M5$_C
!!L!8#$3!78/ZN+,Q
!!!8V4!B+,h+!D*W8/F&!"(!KB$-
!!•!8V4!B$&!D:4!¤!=/(!^*/\!.C!5+!$&
!"#$3M!ž4+.m!sfy&!U:4!5!D?p!8/l?&!8/W.Q!.C!K$N5!B4!"(!T(,V2!DxW!¥.3
!g}+.<&!]4!].c!5!DF“B!•8>&!"l#P!]5+!2!8#+!t.#5!4!)$'Q54!"(!)+8&!5!L!4$&!"'9lX
!5!uN$/3!d$<':+!M+!T/S!54!,V!5!L!8/-$<#!='Fb{!B+,na+!K5B!M+!"l#P!O545!–8/-+,W
!8/(!=m$''N+!g8*z0!K$x{!=0+58&!DN$%3!=&!"l#P!$3+!–!4.&!8/#+.'#!jN$“!B$w3!]$<'m+
!"(!’$9F#+!,V!5!R!D9-M!)+.C!^<-+!5M+!Dh5!"<E&!5!8X$&!4$<'0+!]+.m+!"<V!B4!K5!,&
!)$*3!g}$m!8-PB4!=9(!='Q54!7$/p!B4!gB5,w&!"l#P!5!R!8'x*#!B54!4,f!M+!8-P!74.<#
!"?*<V!5!R!DF#$b3!5!)8*\B4!^3+4!7$W!5!R!DnQ$F3!5!=Z'%*3P!7$W2!45B!g5$x'3!)$?-+
!=Z'9V•&!+B!)P!7$Z#P!L!8-$<#!=3!+,N!Bˆ;C!gB.{!B4!+B!T(!^*/\!g$S$m!M+!=w;&!…,-M
!"<V!B4!Tx#!D#$*{!"(!R!4B+4!=3!7$Z#!^'?-.f!)P!K$/i+!B4!5!R!8#$QB!=3!,*9*C!"&
!B.E?3!D-5B!5!K+B!DFC,&!sV!5!44,W!B.(ˆ3!g5,3!DFz/<&!sV!$C!R!DQ+!‹,N!]+.m+
!!!L!4.X
!O+!74,(!].Fh!"š#+8&!^3!5!L!8X$F#!^l<3!ux#!jS$0!K+,&!yS!)$*<:$0!gJ{+.3!=6(!5
!M+!g4$-M!.C!M+!^3!DN$%3!"\!L!O,<X!=3!y-$S!D•:$F3!g+~!D#$*{!B4!5!s-$<#!=3!O$*h
!4B!K+,&!.C!`6{!].Fh!5!s'?W!^<-+!)$?-+!8>h!M+!.C!O$<'V$&!"(!"x-$c!)P!M+!"(!D9#P
!5!Dh5!Db6>3!K+,&!sV!83P!)$*3!B4!.C!DES!M+!"(!='63$_3!5!R!D?W!‹,N!)$?-+!"6<m
!+B!"'0$Q!)P!‡J{!"(,V!5!L!DQ+!='6*m!+B!KB$(,V!"(!R!4.&!=:$m!g,w3!uN4
!.C!K$V8/&!=3$<C!^3!5!•!DQ+!K,q#!$VB$(!kh+.0!B4!+B!5+!DxW!)+.C!"#.Z\!DX+ˆW5,N
!=3!¥.W!4.f!)$S!5,W!K+,&!+B!78z0!‰-!5!R!OB+4!=3!7$Z#!)P!D{,N!O$Z/V!5!O,&!=3
!=_#B!^<&!"(!KM+4,e#!)+8&5!8X$&!KB$(!,C!"w-,N!^3!8>h!M+!+,C!"(!O,&!='h.&!$C!OB+4
!!!L!=#$QB
!)P!5!R!DX+ˆZ&!4.&!78<0!"(!=l-!5!8-,F&!$V8/&!¥.3!4$'N+!,-,bC!"(!"6<S!^-+!,&!sV!5
!4.f!,'9WB.#!]$&!5!4,(!KM+5,p!=h,?3!vN+!B4!7$W,bQ![,<*Q!"(!)+8/\!L!8#4.F&!kX
!)$<a!=h$&!"(!D9#P!Dh52!DxW!¥.3!L!83P!8-8p!B54!M+!4$*{!8*#$X.p!s:$0!‚+,c+,&!+B
!D?V4!5!=#$<W8&!5!4.&!^z*'3!)$/\!…JE&!"&,W!5!L!8-,F&!78z0!)P!5!–!s#$QB!+4$&!4.f
!B4!¥.3!5!R!DNB!DfB4,Q!,&!)$?(!K$p!R!83$*#!4$-!UX.3!M+!"(!4.&!=:.'93!)$/\
!!!L!D?WM$&!k-$f!5!8*3.#!5!"'99W!O+4!K$p!4$*{!5!R!8-yf! +B.Q
!5+!‰-4y#!"(!DX+4!D*V+,(!R!8-8&!B54!M+!+B!"&,W!5!83P!)5,*&! +B.Q!M+!¥.3!M5B!,Z-4
!T*x#!D{,N!^-+!B4!L!‘FCB$N!D3,l'Q+8h!•=-$<#!=3!+,\!M,bC2!"(!4+4!M+5P!"&,W!L!45B
!!!L!K8•x:+!783P!B$(!='Q54!1$z0+5!)+8#M,N!K+,&!5!K4B5P!DQ8&!=C,*f~
!=3!M+,'m+!¥.3!L!=/(!78V$?3!,C+y9&!"\,V!U-.f!g5,3!5!DzxX!¥+4$p!$C!KP!,'?*p
!!2!DxW!L!4.<#
!!’$9F#+!=:+!Db/S!+~+!OJ0
!B$*9&!8E_&!='Q54!"(,V!"\L!)+4,Z3!u-$a!KB4+,&!5!='Q54!5!B+83!o-B4!^3!M+!B+8-4
!R!,Z-4!5!8#$3!O5,b3!g}+.3!g+,<i!M+!4B+ˆW!)5,*&!=FS.3!=&!5!8?(!DFb3!7,-+4!B4
!!L!8#.X!8*3.#!K5!M+!)$'Q54
!!!4B+4!s(!DQ54!"(!)+4!=9(!8&
!!!4B+ˆZ&!DN,W!).\!,'&5M
!!B$-!g4,(!M$&!B$&!8{!"\,W
!!B$3.c!).\!4,WM$&!5+!K.Q
!g80$93!v*N.C!=/;3!)P!B4!+,C!"l#$/\!5!R!DQ+!=#$W8#M!D/3!5!)$S!D<;#!^3!,&!+,C!5
!!!L!4.&!8#+.'#!,9*3!+B!T(!•*V!4,(
!8{,C!5!g+M$_3!D{,N!k6c!M+!5!s/l#!¥.3+,N!+,C!•.zm!DQ+!=h$&!^3!,<0!"(!O+4$3!5
!L!4.F#!8*x3!"'F:+!R!8#+4,W!74$?W!D6{+.3!7+B!5!4B+4,&!)$*3!M+!DF#$_3!1$_m!$C!8*X.(
!slb&!).\!4.X!=3!78-4!g5+80!,&!=/F3!]$m!,V$|!"(!=-$S2!"(!4+4!1+.S!¥.3
!M+!5!8#$3!7y/3!k*0!M+!8'N+!=Z'%*3P!5!45B!=c$9F#+!,W+!g4.3!)$<W!^c$&!B4!g$38z3
!+,F3!"/*(!M+!,V$|!"\,W+!44,W!B.>'3!='EFX!^c$&!B4!"(!=-$S!M$&!5!R!8X$&!B54!k-B
!DX+ˆW!8-$F#!=h$&!•*V!).>C!5!=N.C!M+!5!4.<#!8-$?#!g$x':+!)+8&!8-P!=3!74,(!78V$?3
!j*p!)+8#4!,&!=9(!"(!8#$3!+B!)P!DQ+B!5!R!s*f5!)P!DFh$0!5!DQ+!B$*9&!)P!g,w3!"(!R
!5!8n6“!5+!K$p!,-M!B4!).Z#,Q!O,S}!L!8/(!Dm+,'Q+!D<-y0!5!1+.f!’$?#!7$Z#+5!8/*?#
!!!L!4.X!…JV!='(,m!…8#$&
!,W+!jh$0!$3+!L!B$w3!K+,&!)$/<X4!M+!y*V,p!5!R!DQ+!uN$/3!K+,&!)$'Q58&!)$*#$ES!j*3!5
!5+!).0!=&!J&!]$Z/\!M+!r,N!5!4B+4!8*3+!^<X4!O$<'V$&!)+M+!ƒJf!B4!"(!8'N+!=_#B!B4
!8/*&!‚Jf!='Q54!M+!,W+!M$&!5!–!8X.(!g4.3!B$E|+!B4!5!8-P,&!44.C!4,W!DN$-!8#+.'#
!).\!5!R!8#54!,*X!K+,&!)+B4$3!,i+!,&!s-$E&!)$Zš&!5!R!8#+4,W!,V$|!g5+80!5!8-$<#!k/_C
!•*V!5!R!8#B+ˆW!5,N!sV!=-$/XP!DF-B!•:+.Q!5!D?m5!v&+.Q!=&!8#8X![B$N!)+M+
!4,%&!D6{+.3!…,C!D?W!unz/3!78-$N!).\!$3+!L!8/l#!j<m!g5+80,&!+B!)P!8/34,f
!!L!8X$&!,C!‰-4y#
!,V!5!R!8#+4,W!=3!)+B$&!K.Q!^*'Q.p!5!45B!=3!B$WM5B!r+y3,&!$VB$(!B4!^*/š<V!jh$0!5
!‹$Fz#+!B4!)$'Q54!5!)$/<X4!$&!5!8?-8#+!=3!K,*&8C!Dh5!vN+.3!5!]$m!B.f+,N!+B!"i4$m
!=3!=#$W8#M!4.&!8#+.C!Db6>3!s-J3!"l#$/\!ua+.C!5!86_C!5!‘%Q!5!$aB!5!’$9F#+!5
!!!L!8#$QB!=3!D-$0,&!+B+83!5!vNB!k#$S!=#$;3!"<V!B4!5!R8/(
!^l<C!$E;Fc!B4!5!DQ+!"'N,W!"-$3!B5,3M!+!5!DQ+!74.&!g+4$;3!,&!$3!Dz6f!j{+!"(!)+8&
!7,F0!+B!)P!5!4,(!)+.'#!"*lC!)+8/\!DQ+!"'?W!ž4$m!DS$m!,&!"(!='Q54!,&!5!R!"'N$-
!1P!"l#$/\!R!45B!M$&!j{+!B+,z&!DQ$f,&!)$*3!M+!kS.3!).\!"(!R!4$E#!)+.'#!,'?*&!K+
!M$&!K4,Q!j{$&!='N,WM$&!5M+!UCP!).\!R!8X$&!=3!O,W!KB+4!=3!5+!,-M!B4!UCP!"(!O+4$3
!=0+54!5!]$m!B+,na+!+B!54!,V!5!R!D9*#!,C!B$(!)$-M!"&,W!M+!+B!¥.3!^<X4!•*V!5!4.X
!7M$C!g5+80!DEFX!=&!8X!j-+M!kS.3!"(!M5,3+!L!s*'Q.*p!`6{!"(!DX+4!)+,&!DS$m
!!!L44,W
!K.h!^<X4!gB5$_3!B4!5!!R!!y-y0!s>f!D6{+.3!B4!+B!j*:~!s>f!D9*#!,Ff!•*V!5
!!R!=/l?&!B$V$#!^3!).%&!"l#P!yS!4.%&!sQ$/X!=<#!=h$*'X+!•*V!+,C!5!R!+B!•*;a!s>f
!"\!•!DQ+!74.&!=(!+B!¥.3!Dzi!.C!='Q58&!5!L!O.X!"'x-,N!.'&!"(!8-$?#!j-5$C!•*E&!5
!y*V,p!B4$h!D35$z3!M+!yS$0!5!8-$<#!M+,'m+!DFb{!M+!)+.C!=&!"(!,C!‰-4y#!)P!D3J9&
!k*Q•&!"(,V!5!L!4,-ˆp!)+,W!sfM!B+5!jN$“!8'N+!•$xC+!^-+!‚J%&!,W+!"(!R!8/*&!kS+5
!!L!DQ$f!8#+.C!,'<(!44,WB4!D6x“!5!B5,“
!^<X4!DhB$x3!B4!8*#+4,W!j-+M!B+,na+!=0+54!5!4B5P!DQ8&!B$*'f+!)$/0!).\!8/34,f!5
!8/\,V!–!4,<?#!y-$S!44,C!5!=#$C!5!•h.C!5!,*f$C!='qb:!J„3!5!!R!8Q$/X!‹,N!D0B$93
!5!R!4B$*#!sV5!B4!)P!s>f!k#$S!M+!8/(!78V$?3!B$h5!5!g$Fi,Q+,Q!U-.f!k#+.S!M+
!4$*{!M+.C!"(!D9*#!,C!v-}!)+!M+!D3JQ!5!Oyb&!y*š*V!L!8/-yW!KB54!K5!M+!"/-+,V
!DxcJ35!g+4$E3!v-,c!).\!)$'Q54!)•*3!5L!!sX$&!Bˆm,&!.C!M+!^3!5!=/*&!kS+5!y*V,p
!D>:$%3!K$/&!5!8#B+4!,F';3!g8*z0!K$x{!4$'N+!•h.C!B4!DzxX!5!=-.S!]4!5!8#$3!"'9&
!5!4,fM!+!5!44,Z#!^l<3!t$<'S+!"(!4.<#!8-$&!B$>'f+!^-,&!L!8/E#!,-$<a!g$S$/3!780$h,&
!!L!8X$&!B54!DQ+B!K+B
!!2DxW!5!8*#+4,W!,V$|!v6h!5!tyS!5!4,(!=&+,na+!"&,W
!!=-+.W!^3!]4!=-.W!4+4!=<V
!!=-+8S!KM5B!.C!M+!+,3!8X$&!"(
!!^l*:5!O4.&!74,&!)$<W!^3!^*/\
!!=-$/XP!=E#!.9l-!"l#$#.\!"#
!!L8/W+,e&!5!8#4,(!t+45!+B!,Z-4!‰-!"<6(!^-+!,&
!5!8#+4,Z#!D-$N!DS$m!Dh.&!^<X4!Db:$>3!D{,N!"(!K+B!^X5B!8/34,f!j„3!D9/-+
!$&!=X.3!¤!@+!)$bFQ!L!8X$F#!jN$“!’$*'m+!5!Oym!k#$S!g$0+,3M!+!‹,“!].>m!M+!Tp
!M+!]4!8#83PB4!5+!4,W!k:$“!)$/<X4!5!D?W!‘*b3!58&!g$NP!).\!U-.f!y_0!5!•;a
!5!Dz*i5!)+8&!$C!R!8*?(!DzN+.3!O+4!B4!)$?-+!M+!+B!=l-!D04$%3!v-$h8&!5!4,F#!K$S
!M+!Tp!5!!R!83P!)5,*&!Dh.&!^<X4!8E0!78E0!M+!5!R!D?W!B54!K5!M+!D/b3!D6*Q5
!5!$(~!5!DQ$*(!5!4,f!1$b{+!,W+!L!4B5P!K$_&!œz*C!1+.&+!g+~!).>C!B4!D<E#!…+B4+
!O$3+!+B!gB$?&!^-+!g$<E3!s-8zC!B45!8/#+4,W!U-.f!s-+y0!B+4.<#!+B!1B$_C!^-+!D/nN
!jS$0!g4$;Q5!8X$&!)5,z3!‘F“!5!=3$l'Q54!8-y<&!)$?-+!K$VB$(!sC+.f!5!`C+.N!8#M$Q
!!!Lv*N.':+!=:5!@+5!R!44,W!j>'3!)$?-+!B$WM5,&!jSP!5
!!
!!
!!
!!
!!¢y/N!,€$n:+5!‰6<:+!1$&! !! !! !
!5!8#.X!‘*b3!58&!,V$h!O.>f!5!k:$“!)$/<X4!"(!=9(!j„3!O4./X2!+B!^<V,&!DxW!K+B
!5!8-.S!B$Eq'Q+!$V,(!5+!$0.c!)$?-M+!=l*&!5+!5!8X$&!Bˆ;'3!k#+.S!"<V!M+!1,E3!5!tyx3
!)P!B4!U-.f!8E0!5!R!44,W!^<-+!DN$%35!,nf!M+!5!8V,&!)+,Z-4M+!$C!R!48#.*p!`6{!5+!$&
!5!R!45,&!4,f!k9m,&!Tx#!).>C!B4!4.>z3!…+B4+!M+!Tp!5!R!8#$QB!$N.&!^<X4!$&!";h+5
!5!8zm!1$b{+!)$'Q+4!8-.WM$&!)./(+!L!8#$3!s693!^<X4!M+!4,f!=(B$F3!5!Oym!^<*&
!=l-!,W+!5!R!,'E&!D&B$z3!5!’$9F#+!)$?-+!$&!$-!,C.l*#!DF#$_3!5!M+,'m+!)$?-+M+!"(!g5+80
!$-!4+4!8-$&!K$S!,*<a!B4!+B!)P!5!4.<#!8-$X!g$x':+!)+8&!8-P,&!D:$<'Q+!4,W!"x-$c!)P!M+
!!•"#
!$VB$(!B4!D?W!8-.3!j(!jz0!48<&!5!8X!,Eq'3!d8h!‡5B!g4$<&!"(,V2DxW!^<V,&
!,&!5!R!8Q$/?&!.l*#!)+B8#+!,a!5!ux#!5!,X!5!,*f!ua+.3!5!kS+5!,'3$<C!"\,V!=c$*'m+
!^3$l3!M+!5!,C!74.'Q!M,bC!74BMP!^-,h!5!8-y'93!DQ54!M+!"(!8#$<#!78*X.p!5+!y**<C
!8/*&!=3!4,f!s?š&!5+!4$z'0+!g5$xC!5!^c$&!œ*•C!"(!"{$f!R!,C!=:5+!k/_C!5+!,l3!5!B8“
!$-!M.3,3!=:$<V$&!U-.f!DES!M+!+B!)P!5!8/(!=3!g8V$?3!g,*>&!,q/&!5+!]4!Dm+,S!5
!k#$S!5!4.X!"'x-,N!5+!44.C!5!=#$&M!1,š&!,W+!"\!R!8#+4!=3!g$FS.3!`-,{!='xX$l3
!+B!J&!o*C!5!8X$&!"'f$Q!‚8V!)$S!+B!DNP!,*C!"/-+,V!8#+4,W!D-$0B!=&!+B!œz*C!5!œxbC
!!L78*?(!4.f!K.Q!jES!T*c$/•<&
!!2DxW!•!)P!DQ+!"#.Z\2!"(!8*Q,p!K+B!L!DQ+![,3!)P!D-$lm!Dh$*Q!^-+!g+.f+!M+!5
!5!s*6Q!=9m!$&!O$#!7y/N!DX+4!=“,3!R!K8#8#+.f!^-83!^&+!+B!5+!4.&!=l63!"(!8#+!74B5P
!K+,9&!+B!5+!$C!4.3,N!‰63L!4B5P!)5,*&!"š&!5!4$E#!"w*&!‰63!‰X.W!B4!R!K$?W!]4!vn#
!"(!83P!K,9p!+B!7$X4$p!)P!L!8/-$<#!D•:$F3!5+! ,N!5!5+!8E;CB!4!$C!4+4!]$„3!5!8#4,&!O,m
!K5!]$m!g$bx{!,&!g4$;Q!5!]$Fh+!t$;X!5!4.&!)$&$C!5+!"*{$#!B4!D&$_#!5!8XB!B+.#+
!!!L!)$?NB4
!7y/N!M5B!,V!5!K4,(!KM$&!5+!$&!"'Q.*p!R!4$'N+!O$<C!=x:+![,3!"š&!$&!+B!74+M!7$X!"6<S!B4
!K4B5$*&!480!54!DN$-!)+.'#!=3$#!)$34,3!)$*3!B4!+B!)P!"(!7.(!K$V!7.*3!M+!5!='NB!7.l&
!M+!!8#4.<#!=3!K~ˆ6C!)+8&!=:$m!)$(4.(!5!R!+B!4.f!"š&!=l-!5!K4+4!+B!‰63!,9p!=l-!R
!Dn9&!5!g+~!g.h!B4!)P!D;x/3!,i+!5!R!8#4B.f!=3!+B!)P!DF“B!5!’$?/&!5!R!)P!g5Jm
!"\,V!)P!ux#!j-$%3!5!8#8*:$F&!…8#+!g83!B4!"l#$/\!R!83P!=3!+8*p!,C45M!"\,V!s9S
!5!D&,h!M5B,V!5!D?W!,C!8(.3!D38f!)+8&!7y/N!D6*Q5!5!R!8#4,(!78V$?3!,C,V$|
!!!L!45yN+!=3!K5!D:y/3
!=0./&!5!D9S!‰63!,9p!B$/(!B4!5+!"š&!4.&!k-$“!7y/N!KM5B!DXˆZ&!K8/šl-!).\!5
!5!K4,3!s?\!B4!…$f!$C!8*?(!g,_a!1$h,“!B4!+B!74+M!7$X!s?f!UCP!L!4BM$*&!+B!5+
!^*3M!,&!5!8*#+4,Z&!,Q!4,W!5!DN,Z&!5+!K$p!R!4+44$F&!s-8h!DFb{!•:+!5!R!4M!4.f!g5,3
!B._#B!5!s“,p!R!8-4!"'?(!+B!4.f!"š&!83PM$&!7y/N!).\!L!8X!…JV!B.N,&!"l#$/\!R!4M
!=9(!7B$š*&!2!DxW!=3!5!R!8*#$QB!)$<Q•&!,*x#!5!Y#$&!5!R!4$'N+!,9bC!5!uS.C!B4!5!D?W
!"?*<V!5R!!4.X!D9Q!45M!D%Q!)$?-+!8E0!78z0!"(!R!44,W!J'F3!)+B$FS!DFb>&!"(
!=6b3!)$?-+!‰-4y#!Db{$/3!5!ƒJf+!"#!R!8X$&!O5,b3!$xS!]$Z/š&!)$?-+!K$N5!B$9fB
!)$?-+!g5+80!5!DFb3!R!4BP!=#M5!)$?-+!]4!B4!DN,;3!O$3~!5!D38f!D:+4!"#!5!4B+4
!]$<V+!R!8/Q$/X!B.qb3!O$z'#+!kVˆ3!B4!.x0R!!DQ+!B.„z3!D;x/3!]+5M!5!DS$m!ž58m,&
!5R!!8#B+4!4$-!s(!)$>6%3!D38f!7,<i!R!8#B+8/p!‡$F3!g5,FS!5!g.%#!t,X!B4!•.zm
!,*zm!5!4,f!U-.f!DES!M+!+B!•By&!K$E&$lCB+!R!8/(!¥.3+,N!,-4!)$*#$S!D:M!D&.z0
!D{,N!KB$&!^3!5!R!!8/#+4!,*nf!5!•By&!)+,Z-4!DES!M+!4,f!K!$V!.EQ!5!R!8#,<X
!sV!5!4+y<V!"(!sV+.%&!B4$“!D<mB!=&!^-M+!4.f!"š&!"/*(!5!s#+4,Z#!D®-$N!g+M$_3
!74+M!‰63!K5B!,&!Tp!L!4,(!…JV!+B!4.f!"&+.f!sV!5!"#$%<V!5!R!D?l&!+B!4.f!^*?#
!!!L!D9?#!^*>m!^<*?#!,&!5!4,(!KM+5,p!5!R!8/(,&!5+!^*&!)$ES!K$E<?\!5!D9S
!O+8&!5!4BP!DQ8&!+B![,3!"(!DQ+.f!5!4,(!$E0yS!,9p!K$E<?\!K+,&!R!8*QB!‰6<&!,Ff
!K+yS!5!DFh$0!=&!./\!K+yQ!K$š#P!7$Z#+5!R!8/ZN+!D/b3!5!J&!™xh!B4!D6*m!5!,l3
!!!D9?#!,&!Tp!L!8-$3,N!sc8zC!5+!1$&!B4!4.&!8#+.C!=<b'z3!)$/\
!!!1$'NP!.\!8&$'?&!).\!"(!K+!7B$&!,&
!!!,x|!k(.(!8/(!t.6c!UC,“!M+
!2!DxW!5!4.<#!$&+!7y/N!L!KP!45,N!R!=/<-+2!DxW!5!4+4!M+5P!+B!7y/N!5!DNB!}$&!)P!U*p!5
!R!DXˆW!8V+.f!)$-$p!=&!5!M+B4!‰X!=&!5+!•+,N!"-4$&!5!R!DQ+!‹,N!^3!,&!‰63!D05$n3
!"'f$/X!+B!5+!D-$0B!7,<0!g4$;Q!78<0!5!DQ+!74.&!5+!7$W!B4!^3!]$Fh+!"F;(!,<0!"<V!"(
!)$/\!)$<W!5!R!=3,*W!D38f!O+,m+!)$#M!‰*F:!=<Q$/X!=a.0!+B!^-,*X!)$S!,W+!R!O+
!M+5,p!5+!75,3!5!$x{!M+,N!B4!5!D9-M!s#+.C!"N,3!"l3!B4!,C.F(!).\!5+!"-$Q!B4!^3!"(!4.&
!5!=/<C!+,3M!./V!8/'X+4!‡$F3!5+!^3+!s-,m!B4!`-$&~!).\!O,9p!).f!)./(+!R!4,(!s#+.C
!,C!vN+.3!5L!^*C,3!,bS!^3!^3.<:+![4$-!}2!"(!DQ+!783P!,Ff!B4!5!¤•!^'?WM$&!K5MBP
!"(!OB+58*3+!DQ+!‰63!D<mB!"(!$_#P!M+!5!R!DQ+!)$3,N!^-+!Dx:$%3+,3!K$z&!K,n&8C
!!!L!4B+4!B5ˆ;3
!45B!=xh.C!jS$0!B4!"\,W+!R!D9-M!8-$?#!^<-+!+B!O,_3!"(!+B!!‰63!DQ+!B,z3!y*#!5
!g4$-M!"-$3!4BˆW!U*&!B$WM5B!8/\,V!5!R!8X$&!8{,'3!5!,q'/3!DEFX!=&!jSP!1+ˆ0
!5!8*?\!8-$F&!)P!=%6C!+B!1$z0+!8V,&!)+M+!D%&!g80$93!5!,-8zC!DzN+.<&!,W+!5!R!4,*W
!)P!8#M,N!M.Q!M+!^3!5!8*?-8#+!KB8“!^3!"š&!$&!‰63!,9p!5!R!8-8&!)P!]$l#!5!KB+.f
!"(!8X!8-$?#!7$\5,N!+,3!.C!D04$%3!^Q,&!5!4,(!8-$F#!4$<'0+!.C!,&!+,3!5!R!O4+4!AQ$p
!!B./*(!./\!DQ!78-8#!s?\
!"#5!!D9ES.'<-!D*V+,(!.C!,&!+B!$3!"#!)./($N!!DNB!=#+.S!5!+8'&+!^*F#$S!M+!2!DxW!‰63
!"(!)+8&!5!L!^l3!B$*'f+!M+8W!)$S!DhB$x3!74.E*&!5!B+4!B5$&!$3!].h!R!=h$&!KB+MP!$3!M+!+,C
!D•:$F3!)+B4!U-.f!B$WM5B!M+!yW,V!5!O,<X!)+4,3!B$WM5B!k-$;3!M+!+B!=x?C5!O$z'#+!^3
!!!L!s/*F#!+5B
!!!•*V!O+80+,&!DQ!74.F#!s?f
!!!^*\!O5,&+!B4!DQ!78-8#!s?\
!=E#!Um.'93!B$-!D&B$z3!M+!)+8/34,f!"(!R!44,Z#!^l<3!yW,V!)83P!M$&2!DxW!7y/N
!5!O+,(+!5!8#B+4!kS+5!U*&!=-.S!]45!•n:!+B!74BMP!O4,3!8/\,V!8/-.W!5!L!8#+!74,(
!OM}!,C!)+5+,N!d+,'m+5!M+,'m+!5!4.X!,'?*&!g,x#!5!=#$<W8&!8/Q$/X!,C!OM}!)$9m+
!+B!)M!5!R!v*NB!jb3!B4!+B!B4+,&!5R!!8/#+4!)$'Q54!D:y/<&!+B!B8p!5!B4$3!$<lm!5!L!8-P
!5!R!8/#+4!)$<>f!"#M+.3!B4!+B!,'f4!5!R!)$<-,“!DFCB!B4!+B!$&,h+!5!R!8#,<X!•*:+!D&$„<&
!)P!gy0B4!5!8/Q$/X!$'l-!+B!^'?-.f!g}~!5!Tx#!B4!5!8/V+.f!,(~!K$z&!K+,&!+B!,9p
!5!8//*?#!K+!"X.Z&!T(!,V!44,W!ž4$m!=<E3!"(!7$W,V!"\!5!8/V8#!g,lX!+B!T(
!!L!8/E#!)$*3B4!)+,Z-4!K+,&!M+!+B!4.f!j-5$C!•*E&
!!5$l\!K$'Q5,&!=:+M!DX+4
!!5$W!54!5!K,'f4!O$#!='9E3
!!)}$&!,C!5,Q!.\!=Q5,0!.#
!!)}$#!8&!s?\M!KM5B!D?W
!!!‰-$&!.#!7$3!.S!¥B8&!D?W
!!‰-B$C!)M,*p!U*p!)$ES!8X
!!,ZS!Df.Q!5!DN,W!UCP!U:4
!!,W4!DX+8#!./\!KM$*#!"(
!!!4B.f!=p!M+!‰:+M!5$W!$wh!M+
!!!4,(!B8#+!UZ-8&!KM5B!M.p
!!!Y-B!B8#+!8;z3!K$p!).\!8#$3
!!Y-4!B8#+!UZ-B!74,3!,Q!)P
!!! M54!M+!K.-4!8/#$3!5$W
!!AFn3!M+!Df$C!]+M!)P!K.Q
!!j*-+By0!D9V!DX+8/p!]+M
!!j*F#!5$W!U*p!DX+4,&!Y#$&
!!s*'9E3!"#!^3!g.<6l3!K+2!"(
!!!s*'/b3!]+M!,*p!=l-!^3
!!8-$&!=<V!='9E3!+,C!,W
!!!8-$X!+,3!R!,F&!+B!5,3!5B
!!!+B!5+!4,<X!^*#M$#!J&!=&
!!+B!5+!4,eQ!B4!8-4!J&!).\
!!!•*p$š*p!Dh5!"(!=#+8&!$C
!!•*V!8X$F#!+,C!,3!T(!•*V
!.C!D38f!M+!5!R!"'?W!4,x3!v-Jf!"<V!M+!5!!O+!78X!unz/3!v-J0!"<V!M+!M5,3+!^3!5
!Dh$c!B.#$S!O+8(!5!R!DQ+!78X!B$&!)+,W!)+8&!^3!"6m+B!"(!O+!"'X+4,&!s“!"X.C!)+8/\
!B4!)$S!Dm+B!5!78-4!=-$/X5B!5!]4!7.*3!5!"X.W!,ZS!R!"6<S!B4!•!4B+4!)P!j<bC
!!!L!s'f$F&!.C!DFb{
!!D9-,W!DQ54!5!^3!,&!8-8/f!^<X4
!!D9-M!8V+.f!).\!78-4!5!)$S!5!]4!=&!.(
!R!8-$<#!=3!B54!DQ•*(!5!4,f!M+!)8X!"'x-,N!75}!^-8&5!s'9*#!^<-+!)$_&!"<V!^-+!$&!5
!!!L,F{!5!DQ+!,_V!^3!K+B
!,&!).\!^l:5!R!K4.<#!.l*#!M,bC!='NB!+8'&+!j*FQ!,&!.C!DES!M+!)P!,W+!2!DxW!‰63
!kS.3!5!Dzi!u#$3!R!DQ+!^*<V!D:8;3!D*wh!5!R!='Q.*p!KB$(!+yS!5!ƒ$>h!j*FQ
!R!s:.3!$E:4!B4!8zm!jb3!5!DQ+!uS.3!,-$<a!B4!s?f!ua.32!DxW!7y/N!•!D9*\!g,x#
!).<w3!M+!=#$;3!^-+!B4!)$&M!"(!R!8-$?#!+B!4$<'0+!4.X!74./X!Ky*\!^-+!‚J%&!,W!+5
!,Z-4!‰-!$E:4!$3+!R!4B+yZ#!D#$3+!vm!gB$xQ!^-+!B4!)$*&!5!8/l#!DQ+B!gB$F0!R!g8*z0
!"š#P!B4!.C!]4!5!R!DN,W!)+.C!j*:4!K,Z-4!,&!=l-!M+!5!DQ+!vb&!7+.W!5!]80!8V$X!+B
!d$&!M+!Dh5!•*V!B4!5!sQ$/X!.l*#!+,C!D:.{!D&.;{!^3!5!R!D9*#!)$&M!vN+.3!=-.W!=3
!!L4.&!s#+.'#!^<-+!.C
!!1$(B!=/(!,C!)+,W!sfM!7$W!7.(!y(
!!!)$/0!=/(!,C!‰FQ!"6<m!Dh5!4$&!M5
!)$*#$ES!)$l3+!"\!R!44,W!ž4$m!B$*9&!^€$•a!5!4$zm+!‚B$;35!)$'Q54!)$*3!2!DxW!‰63
!D/-y&!5!8X$&!"'Q+BP!jz0!B./&!"(!,V!5!R!DQ+!,{$h!D3.>f!5!B+MP!7+B!)8*#+4,W!"'9&!M+
!DxW!7y/N!L!4,<X!OM}!k/_C!)P!K$*m+!M+!5!8-$<#!ƒ,b#!P!)8*#+,*3!,&!=6b'3!4,f
! ,\!KM$&!7,E3!7B$q#!B4!,<0!5!O+!78-4!B$*9&!)$ES!4,Q!5!O,W!^3!L¢,<%:+!s6;C}!)+.;:+2
!,-$f~!M+!5!R!O+!74+4!4$F&!k_;:+.&!,V4!^-+!"zm!,-M!T-$x#!B$*9&!5!R!O+!78*#$QB!)$-$e&
!D?p,&!"(,V!"(!"'f$/?&!Dz*zb&!5!R!74B5P!j{$m!,N+5!KB$Eq'Q+!DQB$<3!5!D&,_C
!•Jc+!,&!5!4.X!ª(!)$/Z<E&!)$W.\!,Q!).\!5+!]4!8-4!v6n3!U-.f!DQ4!…$f!7,(
!=#$;3!^-+!^3,&!5!–!!8#+4,W!78*X+,f!+B!$N5!OBMP!K5B!5!4,e9&!O8h!,-M!+B!g5,3!•,N
!!!L!D9/-8#+4,W!u-$a!R!B$WM5B!^'x-,N!,*p!5!–!44,Z#
!].Fh!4,f!kVˆ3!B4!$3+!R!DQ+!Dz*zm!Ÿb3!5!•8{!^*0!45B!=3!‰63!œx:,&!"š#P!5
!,nf!)+B4!"(!+,-M!L!O+,m!g5+80!1$b{+!`6{!k6c!5!DQ+!B.qb3!8zm!1$&B+!Bˆ0
!8X$F#!^*3+!yV$_3!5!DQ+B!^*'F;(!5!•-,|!•-,m!$C!R!)+,W!=&8#!KM$&!)$S!5!D9WBy&
!M+!5!4B+ˆW5,N!D?m5!g$FS.3!s>f!"(!48/F#!gB.{!y*#!5L!DQ.*p!8-$?#!t5,X!)+B4
!)$?-,&!B5M!5!g.z&!"(!8/#$/<X4!B$*9&!5!R!8-$<#!‹+,0+!)P!g$N$l3!B4!D{,N!8{,C
!"l#$/\!R!8*?(!)+.C!D<z#!]$Z/\!5!gB8h!"wFh!B4!,l3!5!D6*b&!5!DN$-!)+.'#!DQ4
!‰63!O$z'#+!M+!]$m!•*V!B4!5!Dh5!•*E&!^3!5!L!8'N+!O+4!B4!=6V+!j*p!D9#+.3!=?m5!j*p
!DQ+!,V$|!^3!g,*m!5!•;a!"\!R!4BˆW!=:$Q!^3,&!5+!D38f!B4!KM5B!R!4.&!s#+.'#!^<-+
!!Lk:$“!5+!D&$E3!5!7.lX!5
!!!+B!gB+4!1P!)$/Q!)$n*X
!!!=#$n*X!1.(!1$EX!74+4$#
!!+B!gB$Z3$(!)$<(!)+B$&
!!=#+B$&!B$WM5B!"'f54$#
!+5B!KB4+,&!5!='Q54!t$nz#+!=#$<W8&!,E&!5!8/Zx*#!•+,N!M.Q!B4!+B!•*:+!s-,(2!DxW!‰63
!"\!,W+!R!8#+4,Z#!7,<i!=&!5!u-$a!4,_3!^q&!+B!s*z'93!DFb{!5!s-8h!DN,;3!5!4B+8#
!M+!D:y/3!T*9f!5!B8h!,*zm!B4!v6f!^-+!5!L!8X$&!)$S!DN$%3!5!Tx#!,nf!)+B4
!!!R!4.X!"'N$-!sV!)+B.#$S
!!B.z;:+!k6l:+!u3!.:!5!ux/C!Ñ,;<:+
!"(!R!44,W!^l<3!….63!,-$<a!B8#+!"(!"{$f!R!D9N.%3!j{+!B4!B+MP!5!8zm2!DxW!7y/N
!B4!"'F:+!+B!D>fB!5!j-5$C!–!=:$“!O$z'#+!^-4!B4!5!8X$&!k6{!=x?C!kVˆ3!B4!7$X4$p
!K$w3+!5!R!8#,<X!^*;'3!=a,N!+B!g+M$_3!D{,N!5!R!4B+8#!7+B!D*V+,(!5!‘%Q!=:+.bC
!,W+!5!R!uN$#!,f4!5!•By&!,%N!)+89x3!.EQ!=NJC!5!)$*#$S!D:M!…B+8C!B4!+B!D<-y0
!^-+!B4!5!4,(!8*eQ!78-4!d.V!^-+!B4!‰6N!"(!4.X!K5B!4BM!4B+4!s?\!^-+!‚J%&!=9(
!!L!8*QB!D9#+.'#!4+,3!^-8&!5!R!¦.(!D?p!K.p$ZC
!,W+!R!DQ+!Oy*V!=&!"'f5,N+!D?Z#+!).\!8X$F#!=_*E3!"(!O+4$3!"/*Q!B4!"/*(!j„3!5
!8'N+!•fB4!UCP!"(!]$„3!)P,&!8-4!='60!5!DN$-!K+!"#$E&!8#+4,Z#!,V$|!K,i+!=:$m!"\
!5!R!8#+4,W!‰?f!+B!,C!K$E“$34!B$*9&!)P!454!5!4M.9&!+B!=#$ES!5!4,*W!}$&!s?f![5,N
!5!ƒJf+!5!B$lV$/W!t,wC!5!=Q.6p$\!5!O,_3!•n:!5!=#$S!^%Q!5!]$3!+B!UCP!)P!yW,V
!R!4.?#!s(!s?f!gB.N!DQ+!=h$&!sE'3!)P!Tx#!$C!5!R!8V8#!^*l9C!B$Z'38f!Db{$/3
!)$l3+!)+B$(!7$/W!M+!=9(!,W+!"<V!^-+!$&!5!L!4,*<#!UCP!DQ+!K$S!,&!Oy*V!$C!"l#$/\
!)$'Q54![+,N!K,bC!5!$aB!k6c!B4!5!4BP!K$_&!=xn:!k#+.S!g$0+,3!B4!"(!4.&!8#+.C
!"(!DQ+!^l<3!4B+4!kS+5!=C,V$q3!5!='#.;3!B$w3!uN4!5!uN$/3!k9(!B4!5!48#.*p!=;Q
!O,_3!•-$f!]4!sV!5!8-P!j{$m!=C.x{!+B!8-y'93!g8*z0!sV!5!R!4y*f,&!D?m5!)P
!,&!Ky*\!1+.&+!^-+!M+!"(!O,CyS$0!5!,C!•*;a!)+M+!^3!5L!44,W!‰/f!5!¥.f!^3+!s*9/&
!kFQ!5!8/(!=x#!+B!g4+y'Q+!kS.3!^3!D38f!"(!8*?-8#+!s#+.C!$-!R!8*#+BˆW!OB$-!,c$f
!D0$Q!,V!j&!M5B!,V!5!sX$&!D*?f!5!‚.f!B4!"'Q.*p!s-P!M$&!,W+!R!8#+4,W!DF„3!+B!Dx:+
!D-4!DQ4!+B!4.f!"(!DQ!78#$<#!K+!78-$N!+,3!D;S+,3!^-+!B4!R!s/(!78V$?3!7M$C!•,3
!!!L!DX+4!s#+.C!=<#!o*C!K+8N!)4,W!5,Q!5!s/*&!=<#
!!!1$-$p!.C!1$lC,&!+,3!"#
!!!^X.S!.C!4$?W,&!+,3!"#
!5!4.&!8#+.'#!B4$h!"<Q+!y0!KB$&!DQ+.f!=&!=9(!vm!B4!,a!5!ux#,&!T(!•*V2!DxW!‰63
!"l#$/\!R!DQ+!"'9&!M$&!O,F3!=<lm!5!v&$Q!K,-8z'&!)P!•By&!5!4,f!5!B$*9&!5!…8#+
!D60!)$?-+!5!R!!DN$-!~$x#!K4y-+!D*?3!5!=#$<QP!K$wz&!.C!g$N$l3!5!^3!,9p!DbC$x3
!,_V!^-+!,W+!"(!R!K$</3!gˆf+.3!=#$<QP!,-4$z<&!+B!$3!R!8#4.&!slm!)P!’,X!5!‹,“!)P
!Dn9&!5!=#+,3$(!M+!g,93!5!=Z#$34$X!5!R!8?(!,*<a!g$x':+!5!,c$f!s*9z'&!8'N+!•$xC+
!!!L!8X$&!=F*>#!)+M+!+B!)$Z'Q.*p!5!t$FC+!"(!44,W!$/E3!7$Z#P
!"(!DQ+!B,z3!5!R!DQ+!,V$|!"<Q+!y0!B$W8-,NP!K$wh!uN4!M+!)$W8-,NP!y_02!DxW!7y/N
!ˆN$#!":JS!jS!8#5+8f!D*?3!D*wh!5!g4+B+!k9m,&!,a!5!ux#!1+.&+!5!,X!5!,*f!t+.#+
!48/F#!gB.{!j*_;C!5!Dn:$<3!5!,*f$C!5!s-8zC!)+B4!v-Jf!UX.(!5!8E_&!5!R!44,W!=3
!=6(!t$<S+-"<E/-+!$&¬!L!8-,-$3!slb-!5!Ž$?-$3!@+!j;x-!"<lb:!kz;3}!5!@+!Ž$wz:!4,3}!R
!M+!Tx#!).>C!5!DX+ˆW!8-$?#!j<E3!+B!’$*'m+!5!Oym!k#$S!"l#P,&!DQ+!=6<S!•$xC+!5
!O$<C!DN$93!.C!B+4,(!5!B$'xW!)$*3!5!L@+!=60!j(.C!5!$E6z0+LDf$/X!8-$&!kS+5!7B$l3
!.C!5!R!OM}!,nf!M+!k/_C!5!R!].6;3!Tx/&!^3!5!D9N.%3!O$b'h+!7+B!5!R!Df$/X!)+.C!=3
!Tx#!5!R!=/ZN+!O+4!B4!+,3!D6*b&!5!=V4!=x?C!^3!^'?l&!+B!4.f!]4!4B4!"(!=V+.f!=3
!4+,3!)$/0$C!5!!4B.%#!D&,X!^-+!B$*'f$&!B.#$S!•*V!vb:+!5!R!8-$<#!=3!$&+!•,3!M+!^3
!=l-4y#!5!DQJ&!"h$N!5!DQJ&!s“2!"(!8#+!"'xW!5L!8/*&!1+.{!M,bC!)+M+!DQ5+!DQ8&
!R!D9W,3!$VJ&!"<V!)+./0!5!R!J&!‚.f!5!J&!=#+.C$#!5!J&!DQ54!•+,N!5!J&!^<X4
!!!8/#+.f!,*F(!Dx(P!+B!)P!)$*N.{5
!!D9*#!=#!8-5,#!7B$&!,W4!78/&!^-+
!8X$&!74.&!J'F3!)P!M.9&!$VB$&!"(!4,(!8#+.C!s9/C!T(!)P!74M!DF*>3!,*<a!).<w3!M+!5
!j*:4!‰63!g8*z0,&!U-.f!]4!M+!M5,3+!^3!5L74,(!t,_C!A6C!K$E'&,X!t.#!)P!M+!sV!5
!•Q$C!5!uS.C!’,N!5!–!8-4!s#+.C!=3!4,f!s?š&!5+!g,_a!5!g,9m!]$<(!5!4,(!s#+.C!=3
!"š&!M+!^3!5!R!8-P!4$-!,9p!=-$/*&!M+!+B!‰63!7$W,V!"(!s/z*'3!y*#!5!L!DQ5+!]$m!B+4.<#!^3
!B4!L!8-+M!"\!)+M+!"(!D9#+4!)+.'#!5!R!8-P!+8*p!$E/c$&!B4!=C5$xC!5!K,*•C!R!s?-8#+,&!4.f
!!!L!,C!=:5+!DhB$x3!R!D9*#!='m+B!U*&!DFb{!^-+
!!U-8#+,&!•,3!$C!K4,(!K8&!"(!,V!$&
!M+!R!5!4.<#!8#+.'#!‹+,0+!)$'Q54!K$V.EQ!M+!"(!T(!)P!B4!4.&!8#+.C!,Ff!"\2!DxW!‰63
!•*E&!R!5!48#.*e#!D;S+,3!)+8&!,<0!g83!B4!"(!DQ$f!8#+.'#,&!)$/\!B+MP!5!8zm!,Q
!5!B+ˆ'0+!R!5!4.?#!"'N$-!=#$?#!B$*9&!5!…8#+!)+M+!5+!]4!"x*b{!,&!]$m!•*V!B4!5!Dh5
!}+!2!s6Q!5!"*60!@+!=6{!=F/:+!]$h!•!8-$</#!=z6C!B$?F'Q+!5!M+y'V$&!+B!1$b{+!B$x•'Q+
!=N${!"\,V!+B!4.f!,*<a!KB$&!^3!5L¢,?0!jFz-}!5!+Bˆ0!jFz-}!^32!d$/:+!,?&!sl£F#+
!"?*<V!5!R!s&$-!=<#!K,i+!4.f!,c$f!B4!8-P!=3!74,<X,&!"(!1+.&+!^-!M+!5!s/*&!=3!,C
!!L!]5ˆF3!+B!)+B$Z'38f!^3!)$9m+!5!O$;#+!5!DQ!74.&!8E<3!+B!t$FC+!^3!.x0!k#$S
!!!2!DxW!7y/N
!!!4BˆZ&!,b&,&!.C!O$z'#+!4$&!,W
!!B$F“!4.X!4y*f!"(!B$%&!,V!1P!M+
!5+!K$p!•(!B4!"(,V!5!R!s'9V!K8';3!O+!74.F#!K8'F3!"\!,W+!5!R!OB$(!7$/W!"(!s#+4!=3!^3
!y-$S!^'NB!DXB4!Y/Q!B4!5!8/(!=($&!=&!uFc!g.h!5!Oy0!g$F„&!"\!,W+!8X$&!K+!"m,h
!^'NB!O,#!…$f,&!"l#$/\!L!8#$<&!B$(!M+!K$p!5!4.X!7M$C!Dm+,S!"š#P!M+!8X$F#!7B$\!74,<X
!KB.(!‹,;C,&!5+!D<V!8/*&!y-$S!]$<X!]$Fz'Q+!83B!D60!$&!"l#P!5!R!8V8#!DQ4!U*&
!sQB!).#$h!5!t,X!"S5!M+!)+M+!M,bC!5!4B+4!r+y3!^*<V!.C!$&!^3!D&B$z3!5!L!8X$&!B.>z3
!8#+.'#!)+M+!v-Jf!D0$n'Q+!5L˜l6E':+!=:+!sl-8-$&!+.z6C}52!=:$;C!@+!]$h!R!DQ+!‹,N
!"\!L!8#4,W!B5ˆ;3!4.f!4y/&!"(!8/-$<#!D•:$F3!B8h!)P!4.f!g+~!D#$*{!B4!"(!DXˆW
!5+!O$b'h+!5!8'N+!v-$w3!5!‚5$%3!B4!‰X}!8/(!4$<'0+!Tx#!B5M!5!g+~!g.h,&!"(,V
!M+!78;3!"(!4B.f!)+8/\!5!8Q$/?#!1+,X!5!O$;c!B+8z3!"(,V!5!R!8X$&!B+.&!5!…JV!kS.3
!8-$&!4.f!^<X4!+B!5+R!!4y-5$*&!.6W!B4!$C!8/l#!)$V4!7M+8#+,&!"<z:!$-!R!8-P!yS$0!)P!swV
!!!L!4,<X
!!!‰*:5!1PM!,C!78#B+.W!"\!+B!g$*m
!!¥$z9'Q+!8?l&!4B.f!¥,'?*&!"(!=9(
!5!L44,W!458;3!D:Ja!5!jES!1$&B+!M+!4,f!1$b{+!‰-4y/&!4.X!"'x-,N!B5,•&!"(!,V!5
!8{,'3!+B!5+!5!DQ+!78X!78#+B!"#.Z\!K5!vmB!4!,-8zC!"(!Df$/X!8#+.'#!T(!•*V
!"(!D9FS+5!)$/Z<V,&!^l:!L!D9-M!g5$zX!,q'/3!$-!DX+ˆW!8-$&!=3!B$WM5B!g4$;Q
!4,f!5!R!Oym!k#$S!g$0+,3!B4!5!R!8#B+yW!=3!k-${!K$E-+B!K$w'z3!,&!U-.f!K$VB$(
!B4!5!R!8#,<X!=3!OM}!D?h$/3!1+.&+!U-.f!Tx#!1$9m!B4!5!R!8//*&!=3!kS+5!•6lC
!R!8/-.S!=3!DzFQ!g+,*f!B4!^<X4!5!DQ54!$&!5!R!8#,*W!=3!4,W!4.f!)$/0!+.V!)+8*3
!]$<S!M+!8-$<#!K5B!1.f!•$xC+!,W+5!R!4.&!8/#+.C!D:54!5!]$Fh+!5!].Fh!8;'93!"?*<V!$C
!!!L!8-$</#!=:$f!)P
!5!s-8zC!5!)$>z#!5!g4$-M!)+B4!5!R!45B!=3!=#$<QP!slm!D*wh,&!4.f!)$ES!K$VB$(!5
!K+ˆ-+!5!)4,(!s6|!M+!"(!Df$/X!)+.C!+B!T(!)P!jh$0!•Jc+!,&5!L48/F#!gB.{!,*f$C
!"#!tyN!5!‚.f!O$z3!B4!8X$&!74$?W!K5!U*p!Bˆm!7!+B!"(!O+4$3!5!R!4y*V,e&!)+B.#$S
!^-+!B4!•h.C!^3!,&!DQ+!O+,m!5!R!OB+4!B$*9&!R!7$Wy-,W5!sl-4y#!1,E<&!^3!5!L!8'9-+
!B.qb3!g5,3!5!D#$-4!"S5!M+!"š#P!5!4B+4!]Jm!^3!).f!‰63!‘%Q!"(!R!44,C!5!g,*m
!$*E3!5!"'f$Q!^3!D?*;3!1$FQ+!O5B!$_(,V!"(!OB+4!=3!^*/\!8*3+!5!L!8#+4!‡$F3!DQ+
!8E#!K5B!"(!k#$S!,E&!4M$Q!U-.f!,<0!"-$3,Q!5!D0$w&!+B!D6>f!—/p!"(,V!"\!L!8X$&
!D9#+.3!+B!5+!D&,“!D?m5!5!8X$F#!u/'<3!)$z*NB!DzN+,3!5!44,Z#!Bˆ;'3!5+!U*p!‹+,“+
!+B!•Jf+!OB$l3!5!R!)4,(!=EC!.6Ep!,nf!5!DF-B!M+5!R!)4.&!M$&!KB+4,(8&!M+!R!44,W!]8&
!"<V!B4!14+!^9m!5!R!^'f$Q!KB$(!.l*#!5!KB+MP!s(!4.f!B$€4!5!B$;X5!R!^'N,W!OM}
!8#+.'#!^<-+!)$_&!g,*?0!5!$&,h+!)$*3!5!8:.3!5!Ž$?/3!B4!).\!jh$0!5!L!^'X+4!7$Z#!g$h5+
!‹.0!+B!"<V!^-+!"(!R!8/(!¥.f!)$Z'Q.*p!5!)+8#M,N!5!)$'Q545!jV+!•+,N!,&!]4!)4.&
!!L44,W!^l<3
!!48/F#!gB.{!‹.0!g+~!5!Tx#!M+!5!
!!!D9*#!=#!8-5,#!7B$&!,W4!78/&!^-+
!5!R!8/*?/#!•$x#+!"S5!B4!5!5!8X$F#!t$x'#+!)+M+!"(!D9#P!$E:$3!,C!u-$a!"(!D9#+4!8-$F&!5
!$&+!B8p!5!B4$3!D0$c+!M+!"(!D9#P!)+8#M,N!,'&!5!R!4M$9#!K.X!$&!"(!DQ5+!)$#M!,CB$l&$#
!DFl#!5!g8X!]$m!B4!"(!DQ5+!)$'Q54!,C!s*£:!5!R!4B+4!B.>z3!•.z0,&!D<V!5!8-$<#
!8/X$&!)$Q,C!5M+!)$V$/W!=&!"(!D9#P!….63!,C!jN$“!5!R!4B+ˆW!j<E3!+B!Dh+8{!5!='Q54
!•$xC+!s(!^3+!5B4!"(!D9#P!$V,EX!,C!)+,-5!5!R!8X.l#!$-$0B!O$<'V+!5!‰:$<3!œxm!B4!5
!+B!)P!5!4B+4!=3!=#+MB+!]4!g.h!5!D*/<C!t+.#+!5!8-$3,N!=3!D3+,(!‰63!8/\,V5!L!8'N+
!5+!B+.S!5!D38fB4!5!D9*#!)$3+!5+!‰-4y/&!+,3!"'F:+!8#+4,W!=3!8(.3!v*i+.3!5!4.E;&
!]$_3!)P!=:+.m!B4!+B!D6{+.3!"(!8/ZN+!='hB$x3!$3!)•*3!B$WM5B!"\!R!D9-M!s#+.'#!^<-+
!,&!‰63!K+BP!D%C!]$<S!D-$lm!44,W!k:$“!=h$*'X+!"(!7$W,V!jFz'93!B4!5!R!4.&!8#+.'#
!!!L!8*Q,p!sV+.f!K,bQ!s*9#!M+!5+!g4$;Q!B$Ff+!5!8-4!sV+.f!,E3!,l*p!5!7$3!7,E\
!!!L8X!8#+.C!O.6;3!r+y3!^-+!,&!sV!+B!‰63!K+B!^3!D&,“!]$m!M+!5
!!!^3!K.l&!^(!KBˆW!O4!`F{!4$&!K+
!!!^3!K5B!7$3!,F&!,F&!^3!O$•*p
!!!L!4,(!t+45!+B!‰63!5!8#8-8#$QB!,f•&!^%Q!"<6(!^-+!,&
!!!4.F(!o*C!k*E#!M+!4BM! B!$&!D9_&
!!!)+yf!4$&!U*pM!KB$E&!•,&!"l#$/\
!s>f!•BM!5!75}!v-8>C!M+!M+,'m+!5!=:.'93!^<X4!D04$%3!M+!Bˆm!)$'Q+4!D9/-+
!B4!)+8/34,f!$C!DQ+!74.&!)P!]$„3!^-+!)$*&!M+!‹,“!"(!8#$<#!78*X.p!jh$0!,&!5!L!k:$“
!+B!)$/3.3!=Z6<S!=:$;C!4y-+!L!8/E#!)P!D*wh,&!$VB$(!K$/&!5!8#M$Q!O$3+!+B!‰-,V!ž4+.m
!!!L!"'<mB!5!"/<&!R!4$/(!$*#4!5!^-4!s|$/3!K$/*&!5!]•3!5!]$m!`:$>3!K$Q$/X
!!
!!
!!
!!!K5P!^&+!5!8Q}+!1$&!!!!!!! !! !
!DxcJ3!B4!"\!,W+!R!83+B$*#!5+!D:$<'Q+!,&!]4!"(!74BMP!^<X4!j„3!O4./X2!DxW!K+B
!)$*3!"š#P!B4!….63!)$'Q+4!8-.WM$&!)./(+!L!4B+4!kS+5!•./C!44.C!B4!5!8-$<#!D•:$F3
!D;S+,3!D#$*f!5!O,S!B.E|!5!D&.z0!5!$xS!s-8zC!M+!Tp!R!44,W!ž4$m!)$l-4y#!5!)$?-+
!!•!8X$&!‰-4y#!Oyb&!4$<'0+!)8*#+4,W!7M$C!5!48/&!gB.{
!…8#+!"(,V!M+!5!R!8/#+4,W!"'9&!‹$<“+!5!.x0!B4!)$V$X4$p!,W+2!"(!4+4!1+.S!^<V,&
!$VB$(!R!8/-$3,x#!4$<'0+!K5!,&!U*&!8/V4!]$„3!D*V+,l&!K5!1$&!B4!$-!8//*&!='#$*f
!"/0!@+!=aB2!8-.W!=3!).3$3!5!–!8/#$3!k*>#!=&!D/3!5!.x0!gˆ:!M+!)$?-+!5!4.X!j<E3
!!L$V.FlCB}!.x;:+!=N!=Cˆ:!s-+,_:+!jV+
!‹$<“+!M+!j*:4!•*V!"#!5!DQ+!,C$F-M!.x0!M+!"-+,*p!•*V!"#!+B!4,3!B$(!]$<(!5!]$m!]$<S!5
!!!L!,C!^X5B!M5$_C!5
!B4!5!R!8#M$Q!+B!j(!jz0!ž4+.m!B4!U-.f!slm!"(!D9#P!+B!….63!=C,*Q!,C!78-8/9p!5
!5!‚.f!)$*3!$VB$(!$C!R!8#B+ˆZ#!=:$f!=x/0!5!•;a!=&!=xn:!M+!+B!4.f!•Jf+!Dh5!•*V
!Dz-,c!A-$?3!M+!=l-!L!8#4,W!,*:4!)$*{$0!"#!5!8#.X!8*3.#!)$>6%3!"#!L!8X$&!)+5B!$SB
!"*60!@+!˜<mB!,*p!L!K.Z&!=/;3!+B!d$/:+!^0!^*N$;:+!5!œ*•:+!^*<|$l:+!52!"(!8#8*Q,p!+B
!)+,*p!$3+!R!D9*#!8-y3!)+,&!5!8#$V4B5$*&!=N.'93!D;-,X!B4!D-P!à+5!"(!4+4!1+.S
!D&.z0!B4!7!‰'9#P!)4B.f!5,N!s?f2!"(!8#+!"'xW!^*/\!sE*60!@+!)+.aB!Dz-,c
!5!DQ+!"'f.3P!•Jf+!OB$l3!+B!U-.f!)$W8/&!=:$;C!4y-+!"(!D9#+4!8-$F&!5!R!45,#!D•:$F3
!"6Fh!4.&!^*;3!5!B$-!=:M+!D-$/0!5!=6{+!g4$;Q!+,(,V!5!R!74,(!Ÿ-,bC!74.'Q!g+4$0!,&
!!!L!8X$&!s*q0!)P,h!O$lm+!K5!)$S!"F;(!5!]4
!,&!D<V!D?W!B,z3!)$9m+!5!.x0!j-$wN!5!DNB!+y9&!=63$C!g$3$z3!^-+!B4!"(!7$W,V!5
!78*X.p!5!44,Z#!"F'?3!)+B4!1+.{!v-,c!5!‡J{!"S5!5!4.X!B.>z3!g,*Q!)P!D3MJ3
!^-+!"6&$z3B4!,W+5!R!4.&!8#+.C!O.>;3!s(!D:M!5!O,S!5!D6x“!5!.EQ!M+!=34P!"(!D9*#
!!L!8/(!D-+,Q!g$<E3!)P!g,w3!4.X!74,<X!y-$S!.6“!1+.&+!^-+!…B+8C!5!=#$;3
!='<EC!‹,;3!B4!"(!T(!)P!D-$x(!5!,/V!5!Db{$/3!5!ƒJf+!7M+8#+!"(!8-$&!"6<S!B4
!=<E3!uN4!5+!D#$3+!5!K+B!M+!5!4,(!8#+.C!='#$;'Q+!58&!`:$>3!B4!,W+!R!8Q$/?&!.l*#!4$'N+
!=:$f!k*0!5!k-B!M+!+B!)P!5!8-$<#!gB4$F3!K5!,&!4$<'0+!)8*#+4,W!7M$C!B4!5!4,(!8#+.C
!O$3+!+B!†-8m!^-+5!8#$QB!M$&!4.E;3!B+,z&!•:$C!5!D:$<'Q+!"S5!M+!5+!]4!g.h!5!L!4B+8/p
!8-$*#!)$l3+!B4!)$/*;3!5!+BM5!=&!‰:$<3!‘Fa!"\!L!sEC+,„0!g$£*E:+!K5~!+.6*h+!"(!4M$Q
!"'Q+BP!‡J{!5!,/V5!‚$x0!5!4,%&!)$?-+!g+~!"(!44,W!,9*3!7$Z#P!)$W8/&!M+!t$x'#+5
!!!L!"'Q+,*p!g4.3!5!=V+.f+.V!5!Db*>#!5!R!KB+yW!vb&!,*<a!5!8X$&
!D*3,b3!•$zb'Q+!"(!`{$#!)$*N$l&!….63!DS$m!5!D9*#!D-$E#!+B!‰63!g$<E3!y*#!5
!K.zC!5!D#$3+!5!4+89&!"(!=#$9(!5!R!DQ+!B,z3!"<V!8#B+4!]$<0+!D*?<C!]Jz'Q+!5!B+,Q+
!t$FC+!`&$z3!5!^Q$b3!DN,;3!=/;</-+!B4!DQ+B!v-,c!5!…8#+!…8#+!8#+!Oyb'3!D#$-4!5
!5!)$zC+!"&!7$X4$p!).\!5!R!8-$X!+B!sE3!O+8(!5!8-P!B$(!"\!‰-!,V!M+!"š#P,&!‚.h5!5!DQ+
!5!K+B!7M+8#+,&!!D6*V+5!,/V!B.f+,N!+B!‰-,V!"(!8-$&!8*#+4,W!U-.f!K+B!O.6;3!g,*>&
!=F*0!=9(!K$V,/V!"6&$z3!B4!,W+!5!R!8-$3,N!=3!KB$(!D-$x(!5!jz0!B+8z<&!5!D0$_X
!!L!4.&!8#+.'#!k*0!=&!=h.6%3!•*V!"(!R!8X$F#!jN$“!sV!)+M+!4.X!"'N$-
!5!]$<0!™bxC!"(!DQ+!‹,N!7$X4$p!,&!v-$h4!^-+!Df$/X!5!=#$;3!^-+!s*ExC!M+!Tp!5
!5!,*z#!M+!5!L!4BP!=3!K$_&!R!8X$&!74.3,N!Ÿ-.xC!)$?-+!D-$xl&!"(!]$•X+!5!]+.m+!uF'C
!5!8/(!g80$93!v*N.C!+B!)$>6%3!,W+!$C!R!44,Z#!78*X.p!K5!,&!y*š*V!]+.m+!,*<nh
!B+4,(!g,<i!5!8#+4!=3!54!,V!R!8/-$<#!]$<V+!5!8'N+!='{,N!+B!)$/€$f!$-!5!R!8//(!='38f
!"\!–!8/*&!=3!kS+5!"*F/C!7$/W!B8z&!+B!)$*#$S!5!R!4B+4!=3!=#+MB+!,C$/E3!"\,V!)$>6%3
!=&!5!,*:4!)+89x3!5!,*W!)$QP!5!jV$(!)$b6>3!44,W!D-$0B!=&!‚,c!54!^-+!M+!=l-!,W+
!B+.X4!)P!=NJC!5!R!8#$3!j<E3!5!j'%3!]$•X+!5!]$<0+!5!78*š*p!$VB$(!5!R!8#.X!…$&
!!2!DxW!•!)P!DQ+!"#.Z\!K+B!L!DQ+!k*F?C!^-+!v-}!]$ZX!5!,*X!)$'Q+4!5!L!DQ4
!=3!U-.f!]$„3+!)$*3!B4!5!78*#+4,Z&!$*#4!M+!K5B!4.&!=:$ZX!8/V!^*3M!B4!"(!8#+!74B5P
!K5,&!)+B$-!L!K4.<#!M,bC!)+B.#$S!K+ˆ-+!5!).f!^'%-B!5!DX.W!)4B.f!M+!$3+!L!4.&
!=n%3!^-B4!+,C!+B!5!s*'9*#!=a+B!.C!g,*Q!^-8&!2!8/'xW!5!8/'N,W!DQ4!,&!D<{$%3
!uh.C!DzN+.3!sV!g,*Q!5!g4$0!B4!s*-$<#!=<#!,Z-4!‰-!DFb{!M+!).\!R!s*#+4!=3
!KM5B!8-P!"l#$/\L!4,(!)+.C!=<#!gB.{!K+!78-$N!+B!^'X+ˆW!,*mM!B4!,<0!y*#!5!R!Œ=/(
!L!$*#8:+!^3!‰F*>#!T/C}!5!L!DX+4,&!=3!$*#4!gˆ:!M+!4.f!k*>#!5!8*#$QB!8-$&!=3!)$-$e&
!!!L!D9*#!slb'93!+4,N!^'N$-B8&!Dzi!5!4B5P!)+.'#!M$&!+B!K4!"(!Df$/X!8-$F&!Dz*zb&!5
!!]4!48/&!$_(!)$ES!)P!"*9#!B4
!!•=-.C!U#$E_/-+!8z/&!"(!+B!)P
!"(!8*#+4!=3!).\!5!R!8-BˆWB4!g$V,C!^-+!M+!R!)+B4+,&!5!)$'Q54!K+!2"(!4+4!1+.S!]$ZX
!R!8-$X!!+B!7+B!"X.C!"(!8*/(!7,*f~!Ky*\!M5,3+!M+!DN$-!)+.C!=<#!B4!+4,N!5!DXˆW!K4
!B4!R!DQ+!g,fP!D0By3!"(!4B+4!^*<V!,/V!R!DQ+!k*0!,Q+,Q!78/F-,N!K$*#4!^-+!"(
!5!g$&.„3!M+,m$&!D<E#!L!8X$&!=3!,C$/E3!=Fz0!B4!)P!u-B!"(!8/ZN+!)+.C!=3!=<%C!K5
!8&+!K$z&!B4!]4!5!R!8*/l3!"*lC!B+8“!s:$0!g80$93!,&!5!R!8-B+4!‚5,>3!g+,*f!K$w3+
!$*#4!g+ˆ:!"(!L!8*X$F3!k*>#!=&!U-.f!=#+.S!5!=#$W8#M!5!='QB4!^C!7,<i!M+!5!R!8-8/&
!•h5!$/0!"*6(!,&!]4!R!"6<S!B4!L!DQ+!O+54!5!g$Fi!=&!,&+!=l-B$C!5!•,&!=-$/X5B!).\
!M+!jh$0!5!L!8'N+!B54!DN$>m!]$<(!5!D<V!.60!M+!^'X+4!j*FQ!$/N!K+,Q!B4!^C!5!)4,(
!D<;#!5!=#+,3$(!5!Dm+B!5!=X.f!"(!+,-M!L!8F6n#!=h$&!,(~!5!.l*#!O$#!yS!=#$E_/-+!s*;#
!!!L!4B+4!]$z'#+!5!]+5y&!K5B!)P
!"(!U-.f!"<;c!K+,&!M+!5!8-B+ˆW!¥.W!B4!^%Q!^-+!8*V+.f!=3!=#$ES!54!g4$;Q!,W+
!8*X$&!u#$h!8-P!DQ8&!+ˆ-+!=&!"š#+8&!5!8-B+83!+5B!KB.#$S!]$n&+!DQ+!v6m!$C!)P!g5Jm
!+B!œ0+.3!^-+!L!8#$<#5,N!yW,V!DQ+!v6;'3!)+8&!Tx#!O+.h!5!"„S!K$z&!"(!B8h!)P!"\!R
!DFb{!"(!R!8*F6n3!DzN+.3!DQ+!jz0!454,3!"š#P!B4!^3!M+!5!8*-$<#!t$<'Q+!4,f!u<9&
!5!]4!"\!R!44,W!1+ˆ0!kS.3!74.'Q$#!]$<0+!B4!DzN+.3!$3+!R!D9*#!]$&5!kFQ!$<X!$&!^3
!,W+!5!R!78-8/9p$#!B+4,(!uF/3!,Z-4!5!D9-$X$#!g,lN!y(,3!=l-!R!D9V$/W!D:P!DQ4
!B$(!7y&!='?l&!+B!=9(!8_93B!4!"(,V!4.&!8#+.C!,i+!^-+!K8&!5!=l*#!B4!+B!=;a.3
!O+!$<X!DFb{!B4!y*#!^3!5!L!K8X!B$(!7y&!4B+ˆW!78#M!+B!^C!‰-!‚$>3!B4!"l#P!5!R!K4.F#
!!!L!)+y-,W!$<X!M+!]8&!5
!B4!)P!,(~!5!8X!,C!D&$i!"\,V!‡J{!5!tB5!’$9&!,&!5+!O8h!5!8/'X+4!B5ˆ;3!+B!5+!)+B$-
!D<V!•*V!`<n3!"(!DN$-!=':y/3!R!D#$-4!5!K.zC!B4!g8V$_3!5!g8<&!5!D?W!,-$Q!•$NP
!!!L!8*QB!8#+.'#!)+8&
!7,VM!5!='f.3P!K8/&!Uz#!5+!^b{!]$<S!M+!y*3P!Y#B!7$3!"(!4.&!KB+y“,3!=:$m!)P!B4!5
!!!L!='N,W!4+8<'Q+!5+!r5+!s*9#!M+!y*&!‰?3
!!!¥$wN!5!+.V!$&! .9/3!5!7,*C!74.<#
!!!OB+![$&!g$x{!5!,*i+! ,\!K$x{
!5+!D;&$'3!5!D0$c!B4!"<V!"(!K,*X!)$?-+!‰63!5!R!B$*9&!¥.m5!5!t$FQ!K5!B4!5
!^-+!]$m!gB.{!"l#+8/\!L!K8/'X+ˆW!B$WM5B!5+!g4$*Q!s-,m!5!D<?m!7$/p!B4!5!K8#4.&
!5!4.3,N!g.6f!K5!$&!M5B!8/š&!Tp!5!R!4.3M$*&!t.#!,E&!5!8-8&!5!8#+.%&!+B!5+!4./?&!]$ZX
!r$'b3!)$/*;3!5!)$b{$/&!5!R!DQ+!B$*9&!g$<E3!5!]$<0+!5!4B+4!='n9&!$3!‰632!DxW
!s-8-8&!+,C!).\!5!R!K+!"'N$-!=':y/3!Dx0!5!8VM!B4!.C!"(!8#+!78*#$QB!$3!u<9&!5!R!s*X$&
!!!L!,{$h!)$*0!M+!t$<Q!5!83P!`S+B!,Ff!,&!,q#
!!,F%:+!,F%:+!,•{!$/*z':+!$<6N
!5!ƒ+.f!7,3M!B4!5!44,W!"'X+,N$#+8&!.C!"SB4!$C!4.3,N!s*V+.f!=3!4$<'0+!.C!,&!)./(+!5
!5!B$>#+!g$<E3!D-$x(!K+,&!"š#+8&!8#B+5+yQ!….63!2!"(!4+4!1+.S!]$ZX!L!=-P!$3!)$l-4y#
!=6<0!].Fh!,&!+B!T(!•*V!"(!DQ+!kS+5!)$?-+!,&!"<V!^-+!$&!5!R!8//-yW!"'9-$X!)+.0+
!5!44,Z#!,9*3!)P!‘Fa!+B!5+!4.X!74,(!=9(!)4,W!B4!,F_&!KB$(!).\!"(!R!8/-$</#!7+,(+
!j<0!^3!R!4$&!M+B4!‰63!=#$W8#M!5!L!83P!8#+.'#!)5,*&!=FS+.&!Db{$/3!OM+.:!78E0!M+
!D38f!B4!5!=<?'b3!7$X4$p!.C!5!R!OB+8#!='&,_C!)+B4!5!=N.h5!)+,&!5!sVB$(!+B!)$n6Q
!]$<0+!7,X!5!ƒ,m!sV!5!8#B+4!D-$x(!5!g.h!sV!"(!R!8#B$*9&!t$FQ!5!¥.m5!.C
!M+!"(!D&${+!5!]$/<&!5!R!8#+4,W![B$N!.C!]4!=-$3,N!=0$/n{+!)$?-+!1$&!B4!,W+!L!=#$E_/-+
!!!L!8#.X!,Eq'93!5!)$34$X!8/&$-!]$•X+
!2!DxW!]$ZX!L!4.3,N!s*V+.%#!‚$;3!+,C!"'F:+!"(!•!78-$N!"\!D;N+83!^-+!B4!2!DxW!,*X
!8/(!j{$m!O$b'h+!"&!U-.f!‹,“!"(!sb'z3!KB$l3!=l-!2!8X$&!T(!54!D&$&!)$n6Q!B$(
!•*E&!5!4B+4!.f!)8*?(!KB+.f,&!"(!•*;a!=6N$“!,Z-4!5!R!8#$3!s693!7~.;X!5!,l<&!5
!8-$F&!5!L!8'N+!g5+80!5!89m!‹,;3!B4!"(!L!44,Z#!O,l3!5!t$n3!5!O,'b3!5!B.q/3!j-5$C
!KMP!"#!R!s'9*#!"zFc!54!,V!^c+!M+!^3!5!L!4.9b3!5!8X$&!O5,b3!"?*<V!jh$0!"(!D9#+4
!!!L!s/(!D#$*f!"(!DQ+!k:$“
!!!L!s?(!D:ˆ3!"(!T*9f!uFc!"#!5
!+B!)P!‚+,c+5!8#+4,W!8(.3!D#$-4!5!Dx0!5!D#$3+!5!Db*>/&!)$n6Q!D38f!4J/&!"(,V!5
!g83!5!48/F#!gB.{!='3$z'Q+!+B!5+!B$(!4B+4!7y/3!5!).>3!D#$*f!5!k-B!5!";<Q!5!$-B!M+
!K5B!B4!D?h$/3!5!g+4$;3!,eQ!)$'Q54!sV!L!44,Z#!^l<3!=C$Fi!5!=3+54!+B!5+!j<0
!R!D:y/3!B4!89m!K5B!M+!)$'Q54!2!8#M$Q!J&!,*C!"#$?#!5+!)$S!M+!)$/<X4!sV!5!8/?(
!"(!7$W,V!5!R!8//(!D?h$/3!Db{$/3!5!=:8l-!DES!M+!)$/<X4!5!R!8/?-8#+!D<{$%3
!^<-+!"'F:+!D?W!8z;/3!5+!g5+80!,&!t$<S!+5!DQ.*p!sE&!)$/<X4!5!)$'Q54!Dz&$n3
!M+!KB$&!^€$f!5!L!4,F#!D3J9&!)$S!DQ!74$E#!)+.*(!•,N!,&!K$p!"\,W+!5!R!D9-M!8#+.'#
!!L8Q,'&!)$'Q54!M+!"\,W+!R!8X$&![B$N!7$X4$p!)$/<X4!k#$S
!"&!+B!4.f!R!83P!j{$m!+,C!$3!K$aB!).\!4B+8#!jb3!^-+!$3!)$l-4y#!8>h!2!"(!4.3,N!,*X
!7+B!‰-,;C!‰*&!!DQ+!O$<C!+B!)$/<X4!=:$ZQ8&5!8*(!4B!$3!K+B!^9m!"(!^l3!B$<*&!sV5
!2!DxW!]$ZX!L!s*#$Q,&!D*/3+!D-$“!5!D<V!D-$E/&!+,C!5!s*#+4,W!"'9&!+B!)$?-+!8-$l3
!5!Dxc$;&!8-$3,N!=3!^3!1$&!B4!"(!DQ+!=#$9m+!D-.zC!5!D*&,C!^-+!M+!‰63!‹,“!,W+
!R!O4,W!=3!s“!=&!5!^<-+!+,b{!^-+!B4!$C!4B+ˆZ&!"(!,C!v-}!)P!D:8;3!5!‚$>#+!5!D<mB
!5!L![B$N!s:$0!jV+!=Z6<S!g8Q$b3!5!g+4$;3!M+!5!R!O.X!u#$h!7$*W!5!1•&!$*#4!s*;#!M+!5
!L!D*?f!5!‚.f!B4!B$*9&!"(!,'E&!D04!5![+,N!5!Dm+B!5!^3+!B4!…8#+!,<0!"(!DQ+!B,z3
!R!4,(!8-$&!=3!)5,*&!]!4M+!d+,V!5!,*<a!M+!d,C!+,C!L!D?W!O.6;3!j>N!^-+!2!DxW!,*X
!!!L!D?W!=V+.f!‰-4y#!$<&!"/-+,V!"(
!R!8#8#.*p!K8>h!)+B$-!).\!"(!4+4!8-$&!=#$3+!+,3!DQ+!D6<S!^-+!,&!]$m!,W+2!DxW!]$ZX
!,*•'3!^3!,&!)$?-+!K+,“$&!R!U-.f!D:y/3!s*&!M+!)$'Q4,&M!5!^3!D:y/3!8*3$&!)$'Q4,-M
!!!KBP!K$_&!,C!O$<C!"\,V!’$*'m+!‘-+,X!5!KM5!DF„C!5!j3$C!)+B4!5!K4,Z#
!!!D9C!]4!K+B!"(!s-M!)$/\!.C!$&!$C
!+B!5+!t$FC+!"<V!M+!5!R!4,eQ!58&!4.f!^-+yf!5!]+.3+!5!4B5P!K$_&!8(.3!='z*i5!5+!$&!,*X
!K5!,&!g$<E3!t+.#+!B4!$E-+B!5!gB5$?3!1+.&+!5!8*#+4,W!ƒ.>%3!D3+,(!8-y3!5!D:y/3
!!!L!D?W!=3!g4$-M!K5!1$&!B4!M5B!,V!,*X!1$_0+!5!R!8X!B.>z3
!8#4,(!Dz&$n3!,Z-4!‰-!$&!5+!D<{$%3!B4!R!83P!)+,W!,*X!)$l-4y#!,&!5+!D#$l3!5!D&,h!5
!DX.W!KB8h!$C!8#4,(!U*p!+B!=l-!L!=N$i}+!"„:$„&!7.3B!)+!=:+!8#4.&!,*&8C!)P!B4!$VM5B!5
!,Z-4!L!4,(!)$E/p!]$ZX!7,_m!B4!5!8-4M8&!4.&!74$E/&!+B!U-.f!DX$\!K+,&!M+!,*X!"(
!5!4.&!k-$“!]$ZX!5!R!s*&$-!=<#!2!8/'xW!R!DQ+.%&!83P!M+,N!,*X!DX$\!Dh5!"(!M5B
!DQ.*p!sE&!54!,V!s?f!UCP!5!=Z/Q,W!UCP!"(!8#8-8&!).\!R!,a$m!)+8{$h5!)$<>f
!"š#P!M+!D9*#!7B$\2!DxW!)$?-+!M+!=l-!5!L8/'9&!B4!U-.f!,*nN!4$'9-+!O,W!B./C!5
!5!L!8'x*#!vN+.3!+B!=w;&!"\,W+!R!s*Q$/?&!5+!+B$w3!5!uN$/3!M+!"\,V!M+!s*#$V$W$*&!+B!‰63
!!!L!4,&!U-.f!•$i5!K.Q!DX.W!)P!]$ZX!"(!8#8*#$QB!)$/\!^<&
!v-Jf!DN,;3!"(!R!4,(!8-$&!’$*'m+!^-B4!8-P!=<#!B5$&!^-+!+,C,W+!2!DxW!K,Z-4
!!2!"(!8#+!"'xW!DQ+B!5!R!DQ+B+.X4
!!!"&,_C!='m!+Ž,3+!)8<bC}
!,W+!^l:!R!48/F#!gB.{!,-$<a!,&!tJc+!5!B+,Q+!,&!‚.h5!R!DQ+!^*/š<V!2!DxW!K,Z-4
!L!8X$&!DQ+B!5+!D#$*f!M+!D9V+.N+!B4!"\,V!"/-+,V!4.X!"'N$-!5+!]y/3!B4!DX.W!^-+
!•*E&!D#$*f!"\!R!8E_#!yW,V!B+8“!"(!R!4.&!8-$?#!B5,•3!U-.f!U#+8&!2!DxW!K,Z-4
!!!L!8#$<#!)$E/p!j-5$C
!!!L!45yC!s:!^3!B$Ff}$&!‰*C$-5
!^-+!$C!s'X+4!=3!!44,C!)P!v-8>C!B4!5!8*#$QB!=3!Ky*\,V!^<&!5M+!=/*3+!2!DxW!K,Z-4
!5+!D;-8f!5!,l32!DxW!K,Z-4!Œ!L!"6zC!,Ff+!Š!DQ+!=6„3!.l*#!5!R!O4./?&!$<X!M+!^%Q
!"'f$/?&!+B!5+!B$(!^3!5!R!D9*#!D-$E#!+B!5+!8*(5!†Ff!5!R!DQ+!74.F#!78*X.p!^3!,&!yW,V
!5!s*q0!=-$nf!K5!M+!5!8?(!Db*wx&!8&$0!8V+M!^-+!B$(!"(!"'N,W!7+.W!+B!)JN!5!O+
!B4!+B!‰63!]$<0+!86zC!"(!=z'3!8V+M!^-+!,W+2!DxW!K,Z-4!L44,W!,V$|!Um$N!=V$/W
!,W+!2!DxW!K,Z-4!L!DQ+!KB$(!k_0!DQ+!74,l&!D#$*f!^-+!4,<X!=3!DF*>3!5!J&!,V$|
!DX+4!‰FQ!,&!K,*:4!R!5!D<;#!)+,xl&!)+B8#+!]+y'f+!uh.3!R!DQ+!DQ+B!D:+.m!^-+
!K,Z-4!L!8/l#!j<m!D#$*f!4,_3!,&!+B!)P!8/34,f!•*V!5!R!DQ+!)5,z3!R!)+8&!O58%3
!‰63!D0$Q!^-+!,W+!R!8'N+!B54!4,f!sQB!M+!$<X!k-ˆlC!5!8*'#$3+!jV+!"<V!$<X!2!DxW
!5!ƒ$f!K$E#$<W!5!4.X!,V$|!^%Q!^-+!)$V,&!8/-._&!5+!]y/3!B4!DX.W!^-+!$C!8-$3,x&
!"(!R!4,(!8-$&!j*_;C!DNB!8V+.f!=c$*'m+!,W+!2!DxW!K,Z-4L!44,W!^*z-!)+B8#+!O$0
!K,Z-4!L!8#B+ˆZ#!=:$f!)+M+!ua.3!•*V!5!8/X$&!‘*b3!$<&!k#+.S!"<V!M+!5+!)$Q.Q$S
!K+B!,&!=F_;:+.&!5!•By&!5+!44,W!O.6;3!5+!O,S!,W+!"(!•!78-$N!"\!U*'xC!^-+!B4!2!DxW
!!!L!8#+4,W!78*#$X.p!‰63
!]$ZX!B$wm$&!5!R!!DN$-!7+B!5+!]8&!='*V+,(!$C!8/'xW!=3!,*X!s?f!]$m!B4!‘<#!^-+!M+
!$C!O4,eQ!=%Fn<&!2!"(!4+4!1+.S!•K4,(!"\!DX.W!2!"(!4,(!]+.Q!K5!M+!5!4+4!]$„3
!2!DxW!5!8X!,l/3!R!4.&!D;*&!1$b{+!"6<S!M+!sV!=%Fn3!L!4BP!‰63!U*p!DX$\!Dh.&
!R!8/'9_&!]$ZX!]y/3!B4!DX.eW!$C!4$'Q,x&!)$/*3+!M+!+B!K+!"x-$c!,*X!L!OB+8#!,Ff!"'F:+
!)$/\!5!R!DxW!=<#!^%Q!D0$Q!)P!$C!"(!=W,W!TpL!8#4B5P!,*X!‰-4y/&!5!8/'N$*&!8&}
!]$ZX!$&!y*#!5!R!sE/#!KB$(!B4!B8h!)$zC+!5!v*zbC!=&!5!s:580!M+!^3Š!"(!4.<#!=3!+,N
!^-+!D:M!M+!+B!‰63!).\2DxW!5!DNB!,'?*p!ŒL!s-.S!=3!D-$/0!D{,N!5!OB+4!='Q54
!U*&!4B+ˆW!j<E3!+B!1$&!^-+!,W+!"(!R!8-$3,N!s-8zC!DQ$*Q!slb&!45M!D?W!^X5B!B$l&$#
!!!L!8/Q,'#!Db*wN!M+!)+B$(!7$/W
!‰63!^X5B!K+B!M+!^32DxW!)+,a$m!M+!=l-!7$Z#P!L!8#4,(!‚.h.3!+B!]$ZX!$C!4.3,x&!,*X
!8/(!M+5,p!5+!D-$<m!B4!7B~!8/#$3!5!454!5+!U*p!5!Tp!"-$Q!).\!U-.f!r5+!B4!1$'NP!"(
!!L
!!7B~!)$<QP!5!T<X.C!B8h!K+
!!"#+5,p!T<X!5!u<X!.C!K+B!K+5
!5!,*<a!†Ff!M+!5!DQ+!78X!78*X.p!"#.Z\!K5!,&!B+8“!^-+!B$(!"(!O+!78#$<&!DxZX!B4
!D:5$n3!B4!B$(!^-+!…B+8C!"(!D9#P!,C!k_02DxW!K,Z-4!L!4.&!jN$“!+,\!5+!uFc!,l3
!s60!=&!DXB4!=#+.S!LK$<#M$&!KB+4!KBˆ0!+B!.EQ!^-+!,W+2!"(!4+4!O$•*p!58&!,*X!L!8/ZN+
!5!4.E0!$C!4,(!8/&M.p!+B!,*X!jz0!)P!"#$&M!5!DN,W!}$&!s?f!UCPL!8#8*#$Q,&!]$ZX
!)P!,Ff!5!L!8*#+4,W!v6n3!]$ZX!^'?(!B4!+B!)$<>f!DQ4!5!4B5P!K$p!,-M!+B!v*i+.3
!D-$0B!=&!+B!‰Q$<C!5!‰6<C!k#$S!5!DQ!74,(!j*_;C!"(!D9#+4!R!8*QB!,*X!B4$<&
!"\!R!s#$V,&!^*;:!.-4!"Q.Q5!M+!+B!4.f!8#M,N!5!O5,&!,C45M!"(!8*?-8#+!4.f!$&!R!"'X+ˆW
!"*60!@+!=6{!=F/:+!]$hL44,W!‘693!y*#!)$'N!)$n*X!4.X!=:.'93!‰63!,&!s?f!=V$W
!!L!)$n*?:+!‘69C!)$n69:+!’$?'Q+!+~+!s6Q!5
!8-$&!=xh.C!5+!^'?(!B4!"(!4+4!O$•*p!8#4.&!"'N$-!]$„3!5+!^'?l&!"(!D0$<S!)+8&!D9%#
!R!4.<#M$&!]$m!gB.{!,*X!•!DQ!74.&!"\!]$ZX!7$/W2!DxW!5!83P!,*X!‰-4y/&!Tp!R!4,(
!=&!)$9m+!5!.x0!D6*wN!M+!5!)+4,Z3!,lx'3!g,9m!5!g,*m!B4!^'?-.f!R!,9p!K+2!DxW
!DF„C!5!j3$'&!T(!•*V!5L˜;NB!}+!ua+.':+!5!+y0!}+!jS,:+!8-y-}!.x;:+!)$N!R¥$F3!k*>#
!!L!D9*#!,CB+5+yQ!….63!M+
!4,W$X!U#+4!R!5!B8e&!8#M,N!gy0!5!DQ+!v6;'3!K.?&!)M!D3,m!"(!8#$<#!78*X.p!5
!R!5!7$X4$e&!D*0B!^3+!R!5!^-8&!)+8V+M!D3+,(!5!R!,V$h!)$?(!,l?6&!7$eQ!g.h!5!R!4$'Q$&
!‰-,V!5!DQ+!t$FC+!^'f$/X!Oym!78<0!5!–!]80!5!g$Fi!5!jz0!5!K.z'&!Dl6<3!B$(!O$q#
!R!5!)4,(!D*&,C!)$?-+!D-$x(!5!,/V!B+8z3,&!R!5!)4.3,N!t$/n{+!5+!D:y/3!5!jb3!B4
!vm!B4!5+!)+M+!5!)P!vm!B4!^-+!D-$;Q!,W+!"\!R!,Z-4!‰-!1$&!B4!)$?-+!)4,<X!sE'3
!B4!+B!=/€$f!5!4B5P!48#+.C!D<EC!‹,;3!B4!+B!=>6%3!8/V+.f!"(!7$W,V!8X$&!t.<93!^-+
!K8/šl-,V!5!R!4.<#!v6%&!`&$z3!D•*{!B4!+B!‰63!^Q$b3!5!R!4,(!7.6S!D#$3+!d$F:
!+B!=V$/W!=&!"qb:,V!5!R!8/(!=3!sE'3!+B!=/*3+!=/€$f!5!8#+4,W!O5,b3!+B!=6a$N!K8Q$m
!M+!)+,a$m!R!8'N+!J*'Q+!+B!"<V!sQB!^-+!B+,<'Q$&!‰X}!5!R4M+8#+!=3!…JV!1+4,W!B4
!$E#$3,N!~$x#!5!R!8/-$<#!80$zC!D38f!M+!)$F-$“!5!8#,*W!DQ4!,&!t$/'3+!]$<0+!].Fh
!!L8'N+!•h.C!B4!•Jc+,&
!8-$&!^l*:5!R!4B+4!+5B!D#$3+!5!jV+!$&!•4${!=/*z-!=&!U-.f!r+y3!,*•C!7$X4$p!"(!8-$?#!5
!U*p!.l*#!R!)+B$Z'38f!v&+.Q!5!8X$&!)$_/W!y*\!"<V!5+!s60!Dn9&!5!s6m!]$_3!B4!"(
!8#+4,Z#!g,<i!=&!5!u-$a!+B!)P!5!4B$Z/&!]4!"x*b{!,&!)$?-+!,i•3!5!=0$93!5!4B+4!s?\
!8X$&!7y/3!8>h!5!8<0!M+!"(!7$/W,V!5!L!4,<?#!y-$S!)$?-+!D:y/3!^*V.C!5!k#$S!]$<V+5
!)+,/V!=&!^%Q!5!L!8-$?#!D•:$F3!)P!D&.z0!B4!5!R!8#+4,Z#!‡5,_3!+B!ƒJf+!5!+.V!g+~
!=<lm!=#$;3!"<V!B4!+B!U-.f!K+B!5!jz0!5!R!4./?#!=N$(!8/3,/V!DxW8&!B4!74.3MP$#
!!!L!8Q$/?&!vb&!Ky*<3!5!]80
!B4!5!='xW!=3!$V$/i!K5!,&!L!4.&!78*QB!B.E?3!=':y/3!5!8/6&!=6b<&!.C!D:54!B4!]$ZX!5
!+B!5+!]$n&+!D<-y0!"(!D9#P!.C!,&!)./(+!5!L!='X+4!=3!=#+MB+!+B!K5!R!Da5$x3!y0!g+.6f
!$C!R!=/*&!kS+5!D#$*{!)$*0$Q!D-$;Q!5!)$/<X4!DC$<X!M+!+B!5+!5!+B!4.f!5!=/(!A9N
!$>z'Q+!5!’$*'m+!OM+.:!5+!]$m!‚$?l'Q+!5!™bxC!B4!8X$&!.C!B$h5!5!D&$i!B.f+,N!"l#$/\
!D<EC!^-+!"(!R!K4,W!B5ˆ;3!D*0B!5!,l?:!=3$<C!5!U-.f!jz0!‰-4y/&!5!KBP!K$_&
!5!ƒ,m!$-!R!8#+4,W!1.*;3!)+8&!+B!4.f!D#$3+!5!4+8Q!K+!78/&!./\!"(!DQ+!,C,*zm!)+M+
!!L!8/(!1._b3!+B!5+!4,f!)P!7,X
!•h.C!B4!D0B$93!–!DQ!74B.%#!DX.W!)+M+!U*p!5!.C!D38f!g83!B4!"(!=#+4!=3!.C5
!K$E<lm!B$*9&!^*<%C!5!^q&!¥.W!5!s?\!"(!R!44,W!^X5B!†-8m!^-+!Db{!$C!B+4
!K5!,&!5!DQ+!UCP!"(!4B+8/p!R!8/*&!K+!"0+,-!R!kX!=l-B$C!B4!=9(!"l#$/\!R!8/(!$nf
!slm!B4!^z*C!M+!U*p!5!DQ!74.<*p!4$&!"(!4.X!B,z3!DN,W!DQ4!B4!).\!R!44,W!"F'?3
!B.E?3!t$_X!M+!]48&!5!R!j;N!.l*#!M+!B+4,(8&!5!R!s:$0!M+!jV$S!89m!5!L!74,(!j*_;C
!!L!DQ+
!B4!B8h!^-+!5!R!8/X$&!74$E#!]$ZX!]y/3!B4!DX.W!)PR!)+8{$h!"(!D9#P!^|!k:$“!5
!D9*#!78*X.p!=•&!jV+!g8Q$b3!5!L!8-$<#!…8#+!)$/<X4!,l3!5!)+8Q$m!8*(!k/S
!t$FQ5!$-B4!,;h!B4!=V$3!5!+.V!r5+!B4![,3!5!L!83P!)$*3!B4!,F';3!‹+,“+!"(!=-$S!"{$f
!)$“,3!)P!sV!8/(!K8*{!,W+!7,lX!5!R!4.&!8#+.'#!^<-+!)}$ZQ8&!8>h!M+!DX4!^b{!B4
!5!DF:$•3!4,W!B8h!)P!B4!8/X$&!,''9p!K5!M+!"(!)P!sV!5!8/X$&!,C8/6&!K5!M+!M+5,p!B4!"(
!8//l&!D63$;3!^*<V!,Z-4!‰-!$&!8/&$-!7+B!B4!"(!=#+.%'Q+!K+,&!)$ZQ!5!–!8/-P,&!D&~$_3
!)P!B4!,W+!R!8#B+4!=3!+B!89m!DQ+!]$ZX!DFCB!M+!s(!"(!=-$E:y/3!B4!.C!)+B$Z'38f!5!–
!M+!)P!…B+8C!5!K$3,N!=N$X!=63$C!B$(!^-+!B4!L!8-$*#!u-8&!45B!='?h$/3!B.q/3!"SB4
!T&!5+!^'?(!D?W!"'f$/X!]$m!Dz*zm!).\!"(!R!8X$&!.C!=WBy&!v-}!"(!U-8#+!=0.#
!!!L!4B+8#!KBˆ;C
!U*p!+B!]$ZX!5!Df+8#+!M$&!U-.f!4,f!,&!+B!)P!5!4,(!D:$<'Q+!.l*#!B4$3!^%Q!,*X
!v-8>'&!"(!DQ+!)+M+!g4$-M!.C!Bˆ0!].Fz&!R!v&$Q!U-$3MP!slb&!R!$3!j*32!DxW!5!8#+.f
!4M$9#!='6*m!‰63!$C!s-$*#!)5,*&!D<EC!^-+!D#5.3!M+!^32DxW!]$ZX!L!)$<>f!D:+.m
!Uc.f!D#$-4!]$<(!5!Dm$Q!gŽ+,*&!"l#P!$&!R!8Q$/?&!)+8&!B$(!=/X5B!5!]$m!Db{!"(
!B4!^3!)$bSB!5!D-y3!5!4.X!74.3,N!,'?*&!’$*'m+!8/\,V!"(!s/z*'3!5!OB+4!O$<C!='zi
!!L44,W!,C,V$|!O8f!5!s?m!"N$(,&!Db{$/3!5!ƒJf+
!!!+,C!='Q54!5!ƒJf+!O5M+,C!)P!^3
!!^3!"#$&M,Q!8&$'#!—/W!•*V!"(
!!s#$-$p!B54!,b&!)P!.C!,E3!5!v?;&
!!^3!"#+,(!+.V!5! ,\!8&$*#!B4!"(
!5!8#BP!,a$m!8#+!74,(!+,'N+!^-+!"(!+B!='0$<S2!DxW!•D9*\!™bxC!"S52DxW!,*X
!"(!=#$9(!^'X+ˆW5,N!5!D:+.m!^-8&!^3!™*>%C!"(!4.X!78*Q,p!)$?-M+!$>zQ$&
!M+!=&!1$&!^-+!)8X!^X5B!"(!R!DX+4!=/;3!"\!8#B+4!+5B!D?h$/3!)+B4!5!R!8#B.f!DX.W
!"(!8/V+.f!).\!5!R!8-$3,x&!^-+!‰63!,W+!"(!D9#P!8*3+!5!R!.&!8#+.'#!^l<3!=/;3!^-+
!.x;&!)$?-+!O,S!8/-$<#M$&!]$m!='Q+B!"(!7$W,V!"(!45B!K8*($C!5!R!8#M,&!=Z#$&!8/E*'9&
!DV+y#!5!4.X!R!"'X+4,&!•4${!^*z-!7,E\!M+!1~$(!^|!1$z#!"/-+,V!R!8-P!74,(!"6&$z3
!!L44,W!B,z3!^3!k#$S
!^3!Dl6<3!jV+!5!^3!vm!B4!8>z&!"(!=9(!1$&!B4!4.&!]$_3!+B!.x0!"#.Z\2!DxW!,*X
!5!J;'Q+!B.N5!5!Dn9&!5!J*'Q+!]$<(!M+!"(!.x0!,V!R!+B!‰63!4$&!$z&2!DxW!•!D?W!‚,';3
!=C5$xC!)+B4!DNB!‰63!œx:!,&!"(!"z*h4!^-8&5!R!DQ+!,/V!,Q+,Q!8X$&!=#+MB+!gB8h
!U*p!D0$c!5!=W8/F&!5!DN$-B4!D&$#+!5!D&.'&!+B!)P!R!B$(!7$/W!"(!"{$f!R!48/F#!gB.{
!5!L!44,W!M5$_C!5!‹$<“+!vb'93!"/-+,V!5!8#$<#!O$z'#+!]$_3!U*&!"'F:+!R!!DNB!M$&!)P
!).\!,*X!LKB$(.l*#!5!)$9m+!B4!DQ+!,F';3!=&$&!KB+4,(8&!M+!r,%3!k6c2!8/-.W!$<60
!"'%*Z#+!"/'N!)P!"(!+B!K+!"x-$c!8-8&!)P!g$bx{!,&!1+.{!5!•8{!B$iP!5!4./?&!5+!^%Q
!kS+5!"•:$F3!.6“!B$(!)P!^c+.&!’$F/'Q+!5!Ÿ3+.“!‚$?l'Q+!B4!5!R!4,(!+8S!sV!M+!8#4.&
!5!8#4.<#!‚+,'0+!)$?-M+!=w;&!Tp!L!8/#$X.e#!]$m!='Q+B!,W+!4+4!8(.3!=#$3+!5!DX+4
!5!R!8#4,(!+8'h+!gB5,w&!)+,Z-4!5!R!8#8*#+4,W!B,z3!U-.f!D;-$F3!5!D;a+.3!=3$<C
!!LD?W!,V$|!]$ZX!Dm$Q!gŽ+,&
!]$<S!M+!DF-B!1$_m!5!83P!)5,*&!DEFX!B$F“!M+!]$ZX!•8{!"(!D9#+8&!).\!,*X!B4$3
!D9*#!^l<3!)+M+!t.SB!5!8X!74+4!=#$3+!+B!D0$<S!^-+2!DxW!+B!,*X!8X!"'X+4,&!ƒJf+
!"(!K+!"x-$n&!=#$<W8&!5!4,*W!g,F0!)+8&!R!•By&!4$'N+!='&,_C!+B!5+!";h+5!^-+!B4!^l:!L
!^€$f!•*V!M+!5!R!8#+4,W!•0$w3!8//(!=3!1,zC!)$?-+!]$m!`*FzC!5!)$b{$#!DxW8F&
!=&!5!–!8'N+!$/•'Q+!44,C!M+!)+B4!"(!8/*&!=#$V,&!+B!)P!,Z3!4,<?#!y-$S!='-$;Q!t$<Q
!,>'%3!5!yS.3!"\!,W+!8/-.W!OB$b3!5!)$l-4y#!B4!"(!‹+,“+!1$b{+!g$V,C!8Q$/X!,nf
!!!L!48/F#!gB.{!…B+8C!"(!8QB!=-$_&!5!4,*W!"-$3!—-B8'&!)P!"(!R!8X$&
!!8-+M!=-.S!"6S4!5!g+,N!5!j*#!M+
!!!8-$&,&!+B!j*p!"(!8#M!r.3!Tp
!M+!5!D99W!8#+.C!=<#!+B!)P!j*p!"(!8/&$C!=3!$E/QB!)+M+!8#BP!=3!sV+,N!).\!,C!7$*W!5
!5!8*F6c!8-$&!j-5$C!8/#$QB!"(!+B!)P!•By&!5!4,f!"6<S!B4!L!8-P!=3!yS$0!)P!)4,(!7B$p
!!!L!D?W!uN4!5!D>fB!4,W
!)+,x(!5!4B+4!‰FQ!+B!)$<;/3!D<;#!"l#P!]5+!2!DQ+!kS+5!Bˆm!T(!D?V!k-,zC!M+!5«
!B5,•3!M+B4!,<;&!"l#P!O.Q!L!4.X!s?f!B4!=FS.3!=&!"l#P!O54!5!L!8V4!DQ4!‰FQ!)P
!5+!U*p!B8“!5!D;*nh!7+B!"l#P!OB$E\!L!4B+8/p!M$*#!=&!•.zm!D-$0B!M+!+B!4.f!5!8X$&
!D#$-4!5!='Q+B!,&!"#!5!8E#!g5+80,&!4.f!K$VB$(!K$/&!"l#P!s_/p!5!L!8-$<#!jEQ!5!74$?W
!s'xV!5!L!4M$Q!+B!+.V!]4!"6Fh!5!4,*W! +,N!^'?-.f!$&!"'XB!.EQ!1+.&+!B4!"l#P!s?X!5L
!L!8#+4,W!sE'3!+B!Dzi!jV+!^X5B!j*:4!=&!5!!44,W!)$<W8&!)$34,3!B4!=FFQ!=&!"l#P
!!LB.E?3!Dm$h5!5!=f.?&!5!8X$&!B.(ˆ3!$*m!D6z&!"l#P!s'?V
!"l#P!O54!5!L!4,<X!OM}!)$9m+!,lX!"l#P!]5+!2!DQ+!‹,N!)4.3,N!]$Fh+!T(!D?V,&!5
!D3,l3!5!D*&,C!1$&B+!s*q;C!"l#P!O.Q!5!L!4,-ê#!=/V5!B$WM5B!ž4+.b&!5+!8E0!78z0
!^'?-.f,&!s?f!]$m!B4!"l#P!s_/pL!4y*V,e&!B._N!5!B8“!M+!"l#P!OB$E\!5L!8/*&!kS+5
!‡J{!5!O,X!]$-~+!"&!"l#P!s'xV!L!4MB5!g5$%Q!u<c!O$Z/E&!"l#P!s?X!L!8X$&!B4$h
!!!L!8/(!=EC!.6Ep!UbN!5!v9N!jV+!D9:$_3!M+!"l#P!s'?V!L!8-$<#!‰9<C
!K5!B$*9&!Bˆ0!5,lX!8-8&!"i4$m!^-+!=NJC!B4!5+!DzxX!5!B4$3!O$<'V+!uh.3!,*X!).\!5
!B+.X4!B$(!5!8X!^X5B!78#$3!‰-B$C!7+B!.C!D-+8V!^3$*3!5!g$(,F&2!DxW!5!Df$/X!OM}!+B
!=V$/W!=&!5!4$'N+!s60!=N$(!=#+4B$(!5!•h+5!=/*3+!Dm$Q!gŽ+,&!"&!5!R!D?W!)$QP!74.&
!!!L!83P!)5,*&!D<EC!M+!•4${
!=#+MB+!DxcJ3!5!gBˆ;3!5!D*&,C!5!O+,(+!g4$-M!5!4M5,x*&!]$ZX!D#$3$&!5+!Dzi!Tp
!8-$&!4$<'0+!D-y3!5!Dzi!8-y3!kS.3!+B!D<EC!^-+2!DxW!5!8#+.f!U*p!+B!]$ZX!5!R!DX+4
!^-+2DxW!]$ZXL!DX+4!=3!4.E;3!B+,h,&!DQ!74.&!‹.x3!.'&!"(!$VB$(!B$<*C!5!DX+8/p
!]$_3!R!,*<a!B4!+B!)$/<X4!]$b3!5!DX+ˆW5,N!+B!4.E0!v&+.Q!‰63!L!8-$*#!DQ+B!^*/\
!!!L!4+4!^l<C
!!R!K+!"'f+8#+,&!$N5!]4!M!"(!=#P
!!–!K+!"'f$Q!B4!O$<C!^3!^<X4!$&
!!•K+!"'f+4,e&!+,\!$N5M!+B!]4
!!¤K+!"'f$/?#!M./V!+,3!"(!$#$3
!.C!Db{$/3!5!D0$c!B4!"#!"(!4B5P!8-$?#!,c$f!U*p!•*V!=#$;3!^-+!M+2!DxW!,*X
!!L$3!D*&,C!5!D-$/0!B4!"#!5!4.&!K,*>zC
!!2"(!4+4!1+.S!]$ZX!L!BP!D38%&!K5B!5!¥$&!]4!K.h
!!!D9*#!KB$'Q4!5!K,Q!+,3!M5B!,V
!^3!,&!‰63!]$Fh+!$C!5!R!4,(!)+.'#!…$p!K.W8&!5!8Q$m!M+!)$ES!$3+!R!s'N$-!ƒJf!g,(!^-+
!‰63!4.3,N!+B!)$*0$Q!^%Q!‰63!"(!t$<'Q+!^-8&!5!L!8X$&!B+,h,&!)+B$-!89m!DQ+!=h$&
!5L!8#BP!)$*3!B4!.#!='F-B!D0$Q,V!5!8/#$QB!7M$C!=F-,wC!M5B!,V!5!8#,<X!ˆf$<:+!jEQ!+B
!g$x':+!O$<#!7~.;X!5!•By&!5!4+4!K$S!¥.W!B4!+B!y*Z#+!"/'N!=0$Q!‰&,\!"(!‰63!,V
!!!"(!DQ+!B.E?3!=6„3!5L!44,W!"w-,N!)4.<#!M+,'m+!)+M+!5!8X$&!KM$&!)$S!5+!D38f!4.<#
!!Œ75$zQ!=V5!^3!j*FQ!jfŠ
!].Fz&!T(!,CB+5+yQ2!R!"(!8/*&!1+.{!)P!t$<'Q+!‰63!K+B!,W+!DxW!sV+.%&!^%Q!‰-!5
!4.3,N!D<mB!^3!,&!"i4$m!^-+!B4!,W+!‰63!5!L!8#+!O$lm!5!….63!D<6q3!t$<Q!5!D_m
!^-8&!$3+!R!8#+.f!)+.C!=';*/{5!='<;#!+B!)P!"(!4.&!=6wxC!"S5!M+!8*#+4,W!7M$C!K4$<'0+5
!v&+.Q!"\!R!8X!8*3.#!"#$l63!•c+.0!M+!5!s'?W!)$<W8&!5+!OB$l3!B4!^3!DNB!"(!j*_;C
!='<E'&!4B5P!]$n&+!y*m!5!u**wC!‹,;3!B4!74.E*&!+,3!D38f!•:+.Q!5!U-.f!D*&,C
!).\!5+!]4!Dn9&!"(!8-$&!)$/\!O58%3!5!L!DX+8#!K,nf!sV!K8X!D&$i!,W+!"(!R!,*zm
!4B5P!8#+.C!r.3!B4!+B!^-+!D-$;Q!"#!R!8X$&!g$Fi$&!7.(!).\!5+!s6m!y(,3!5!D-$E#!=&!$-B4
!!L!D(,m!B4!)P!s?f!gB.N!"#
!B4!‰63!]42"(!4+4!1+.SL!DXB4!5!g.z&!^l:!R!DQ+!"'Q+BP!5!.l*#!.C!^%Q2!DxW!,*X
!)$'E&!5!,-5yC!).\!5!R!vm!,-,zC!B4!D9/3!^%Q!M+!,C!DXB4!5!R!,C!K.h!jc$&!K$w3+
!^-+!$C!B$E/-M!5!R!8-$*#!)+,W!1+.{!5!•8{!)4./X!"(!8/(!kS+5!4$'N+!t$<'Q+!‰FQ
!2!DQ+!^<w'3!+B!,V$|!Db6>3!54!"(!R!8-$*#!74.3,N!='3,m!=&!5!K,*:4!,&!+B!†-8m
!g4+y'Q+!5!j“!M+!)$?-+!,-$<a!5!8-P!j{$m!K8/Q,f!R!ƒ$>z&!+B!)$3.6q3!"l#P!=l-
!‰63!^3!DF*“!5!B.wm!$C!s/(!,V$|!DQ+!^3!]4!B4!"š#P!"(!,C.l*#!)$/\!5!R!4.X!…$p
!,Z-4!5!–!4.&!8#+.C!">“!kS.3!5!g5+80!kFQ!"(!8#$<#!=h$&!Ky*\!5!R!44,W!)$9l-!+B
!K$w3+!5!–!8X$&!‰63!K+BP!)$ES!]80!5!K$</VB!jz0!"i4$m!^-+!s($m!"(!s'Q+.f!"l#P
!!!L!8-P!,C.l*#!s6q'3!^%Q!)4./X!M+!Tp!slm
!^-+!M+!.C!ƒJ%'Q+!B4!5!s-4B5P!K$_&!.C!B$(!B4!DF„C!O,S}!R!DQ+!^*/š<V2!DxW!,*X
!j*_;C!4$'N+!•$xC+!‰63!DN+B!5!K+B!"&!r,%3!,W+2!DxW!1+.S!L!4.3,N!D-$/0!1$h,“
!"\!,W+!…JV!"cB5!M+!™6%3!k6c!"(!=#+8#!.C2!"(!4.3,N!,*X!L!4.&!5+!)$3,x&!sV!^'?l&
!DQ+!^*/š<V2!DxW!]$ZX!•!DQ+!=#$/'3+!,C!ja$N!5!=#$9m+!,C!u-$X!8X$&!"'NB!K8>h
!M+!Tp!D<mB!5!.x0!^-+!5!R!4B+yW!s#+.'#!•c+.0!5!g$3+,(!,lX!M+B4!K$V,<;&!^3!5!R
!!!L!DQ+!`S+B!$E'<;#!"<V!,&!D&.z0!5!B$l#+!7805
!5+!K$aB!K+8N!=-$/*&!5!)$S!5!O4.&!`{$#!5!]4!‰-!5!u*n3!5!™6%3!+B!‰63!^-M+!U*p!5
!!!L!s'X+4!=3
!!.C!K4.3,N!"š#P!O4,l&!DQ4!).\
!!.C!K4.</&!"š#P!O8-8&!78-4!).\
!s/(!D&$i!=-$nf!U-.f!"i4$m!B4!‰63!K+B!,&!$C!s-.W!=3!)P!K+,&!M+!"#!s-.W!=3!"š#P!5
!D-$x(!5!,/V!1$&B+!vm!B4!)JV$S!89m!$3+!R!s#+4,W!1.9/3!5+!k#$_&!='<{5!5!=F*0!$-
!!!R!Bˆ;'3!v-,c!)P!)8*#+4,W!"'9&!5!DQ+!,<'93!=C4$0!5!‚.:$3!=<QB
!O58%3!5!8/?-8#+!$V,l3!5!8/?(!$E':ˆ3!5!8#,*W!)+B$-!)$WB$š*&!•!78-$N!"\!$E/-+!M+!^l:
!8/#+4,W!,Eq'93!+B!=#$ES!7.?;&!5!8/X.(!D*m$#!5!D-}5!k-,%C!B4!5!8//(!D//V+83!+B
!"\!L!8X$F#!D3+8#!5!g,9m!yS!j{$m!5!8#BP!DQ8&![5B4!K$V80.&!+B!k#+.S!"<V!5
!=a,3!DFh$0!5!4.<b3!D<C$f!=:$;C!4y-+!5!R!B.Ez3!jc$&!5!DQ+!74.&!B.>/3!vm!"?*<V
!s'-!)+!}+!@+!=&$-!5!DQ+!"'X+4!=#+MB+!+B!D#$3+!5!4+8Q!1$&B+!5!D#$-4!5!‡J{!1$b{+!5
!!!L)5,N$l:+!7,(.:!5!7B.#
!5!8#5$-!,Z-4!D6f+83!]$_3!‰63!5!^3!)$*3!)$<>f!@$&+~$*0!"(!sQ,C!=3!"<V!^-+!$&!5
!!+,C!s*/*<V!78/&!+,C!s-4.&!}+
!.C!78/&!]4!B4Š!8/-.W2!DxW!•)+.C!jf83!)+M+!"(!DQ+!ua.3!O+8(2!"(!8*Q,p!,*X
!5!R!Œ!R!DQ!74BMP!5!8-y'93!M5,3+!5!K4.3,N!5+!vm!B4!"š#+8&!DQ+!78X!ž4$m!='?m5
!M+!$-!8/X$&!78-4!$xS!5!D&.z0!"(!=#$9(!1$&!B4!+B!‰63!"{$f!DQ+!=#$<W8&!7$Z-$S!^-+
!5,&!8X$&!74.&!5M+!s(!DFCB!B4!"(!+B!=<>f!$-!"'?W!J'F3!=:y;&!$-!74$'x*&!U-.f!D:y/3
!Tp!"(!8#$<#!78*X.p!8/34,f!,&!5!R!4.&!8#+.'#!yW,V!4.f!^-+!8/\,V!R!74$'N+!=38zC
!kF9&!O58%3!,*<a!B4!,W+!"\!R!44,W!,C!=N${!^*F#$S!M+!$V4$z'0+!ž4+.m!^*/\
!5!8#+,&!4.f!s?f!).\!8X$&!='*V+,(!8/#$QB!B$Z'38f!DES!M+!"(!=:$<V+!5!K,*>zC
!=h$&!Ky*\!B$*9&!5!…8#+!5!4.X!j-+M!)P!,i+!‰X}!8-$3,x&!T(!)P!]$m!B.f+,N!=l-,;C
!5!8-$</#!‹+.“+!1$b{+!g$V,'&!j*3!U*&!5!8Q$/?&!sV!)+8{$h!g$E-.<C!y<•3!5!R!8#$<#
!=N$(!K+!78/&$C!"(!R!44,W!B,z3!,'E&!T(!^-+!D-$x(!5!,/V!]$<(!5!Db{$/35!ƒJf+!’,N
!DQ+B!5!L!8/-+,Z#!,-5y'&!5+!vm!B4!)+B$-!5!8'x*#!g5+80!5!89m!‹,;3!B4!8X$F#!™6%3
!!2!"(!8#+!"'xW
!!L='QB!$VJ&!M5!¥$F3!78#B+4
!J&!B$q'#+!M+!5!44,W!^<-+!sV!DN$-!U:$3!).\!8X$&!=Q+,V!5!=N.f!B$Z'38f!]4!B4!,W!+5
!O58%3!]$<V$&!4B+4!"(!=V$S!2!4.&!)+.'#!)5,*&!K5B!"Q!M+!,($\!g4+y'Q+!5!L!8-P![B$N
!5!L!4.?&!DQ4!M+!8X$&!78•x:+!"(!='<;#!$-!R!8/-P!)5,*&!K5!,&!)$<>f!$-!R!4,-ˆp!=#$>z#
!k9(!]$3!5!8:$<&!s>f!5!8#$3!7M$C!K5!,&!7$X4$p!4$<'0+!4B5P!j{$m!O58%3!K$aB!7$W,V
!R!B$WM5B!)$*0+!5!….63!D38f!B4!"{$f!L!DQ+!^l<3!‹.0!+B!y*\!"<V!)$S!yS!"(!R!8/(
!5!]5+!$E'<;#!^-+!B8h!5!•!4.&!8#+.C!=h$&!"S5!"\!M+!B+MP!4.&!…B+8C!+B!=#$;3!^-+!).\!5
!k#$S!DV+y/&!5!8/X$&!B.(ˆ3!‚JQ+!‡J>&!"(!Df$/X!8/#+.C!=#$9(!48#.*p!sE&!"(!,fP
!!!L!B.E?3!g+~!Dx0!5
!$C!4B+ˆZ&!5!R!8?l#!DNP!O+4!B4!,Z-4!B$&!5!8/-$3,N!B5ˆ;3!‰63!"(!OB+4!8*3+!"<V!^-+!$&!5
!5!"'Q+BP!vb:+!R!8X!O.6;3!j>N!^-+!2!DxW!,*X!L!O4,W!=3!"N,35!^<-+!)$&$*&!^-+!B4
!"(!='9*#!)$W8/&!)P!M+!.C!"(!R!¥$&!U-.f!D38f!,Q!,&!5!B+4!K.h!]4!R!4.&!].z;3
!gB.{!=S+5B!5!=:.Fh!+B!)P!8/#$QB!Ky*\!,W+!–!4.&!8#+.C!]$_3!vm!B4!+B!$E'<EC!^*/\
!5!R!,($X!D<;#!B4!5!=X$&!B.F{!$xS!B4!"(!"'9#+8&!Dz*zb&!5!s-+!"'f$/X!+,C!$3!L!48/F#
!)4.<#!]580!5!R!K,<X!^*;'3!=a,N!ƒJf+!u-+,X!5!4,f!O$lm+!B4!+B!g,*Q54!,V!^-+
!5!g5,3!‚J%&!"\,V!5!R!=#+4!v6n3!B.qb3!g.'N!5!”$xm!^-4!5!D-4.F0!kVˆ3!B4!)+M+
!=FS.3!=&!L=Q$/X!jc$&!5!t8F'93!5!5!]$b3!5!,l/'93!+,#P!8X$&!D#$3+!5!4+8Q!5!D#$-4
!B4!$3!^|!"(!R!K+yN+!Dzi$3!Dc$0B!5!D-$/;&!5!¥$F3!,lx'3!5!B+83!)$Q+,V!+B!^'?-.f
!Tp!s*'X+4!=3!.C!DN$>m!5!4,f!B4!"(!)$<W!5!DQ.*p!v*zb'&!M,3+!.C!D#$3+!5!='Q+B
!t$<'Q+!jb3!5!]$_3!+B!s>f!^%Q!U*&!7.S5!M+!"S5!•*E&!5!R!8*?(!^*z*&!"i4$m!^-+!M+
!!!L!4$'N+!8V+.f!j<m!`-,{!8>h,&!8#y*3P!"(!Y#B!,V!5!R!4.&!8V+.%#
!B.N5!"&!5!R!45yN+!=3!5+!O+,(+!B4!M5B,V!5!4$'Q,N!B$(,Q!,&!5!4,(!O,W!5+!]4!R!"6<S!B4
!!!L!D?W!=3!,C!vi+5!5+!4+8Q!5!‡J{
!5!‘%Q!B$E|+!M+!Tp!4.X!ž4$m!t$FC+!5!)$?-+!)$*3!"š#P!B4!….63!)$'Q+4!D9/-+
!^-+!4+,-+!5!)$*&!M+!4+,3!5!g$-$lm!^-+!ua5!M+!‹,“!"(!44,Z#!"F'?3!jh$0,&!5!L!D*V+,(
!"'?W!8*z3!K,Q!^-+!g4$;9&!58X$&!ƒ.>%3!=#$<QP!8*-$'&!"(,V!5!RDQ!74.&!"\!]$„3
!!!L!‚5,>3!$<60!M.3B!‚$l?'Q+!,&!D<E#!5!8#+4,W!B.>z3!g+B$X+!^-+!s*ExC,&!D<V
!!!Lj*F9:+!Ž+.Q!=:+!K4$E:+!.V!5!s60+!@+5
!!
!!
!!¢.F6:+!5!j&$/:+!1$&!!!!!!!!!!! !! !
!5!D#$*f!5!‚Jf!M+!44,W!7M$C!O8f!5!)$?-+!)$*3!"š#P!B4!….63!j„3!O4./X!2!DxW!K+B
!5!‰:$<3!O$q#!K+,&!DQ+!OM}!….63!,&!"(!–!4$<'0+!8-8_'&!D;S+,3!5!R!D&.z0!5!$xS
!=N!K4$<':+!^3!=:5+!vb:+!=:+!t.S,:+!"(!^'NB!^%Q!^-+!K$w'z3!,&!`:$>3!D-$0B
!D-$0B!5!Tx#!D#$*{!K+,&!"(!T(!)P!)$'Q+4!^3!DES!M+!8/(!)$*&!)./(+!L!jc$F:+
!+B!)+8/34,f!8/p!5!R!8X$&!M$&!)+B.#$_&!g,w3!)8*#$QB!5!)+,Z-4!K+ˆ-+!M+!U-.f!`:$>3
!+5B!O+8h+!)+.*m!k-ˆ;C!,&2!"(!4+4!1+.S!^<V,&L8#$<#!B4!)P!]$„3$&!$C!4B+ˆW!¥.W!B4
!U-.f!v<m!slb&!5!R!4,(!8/#+.'#!•,N!,a!5!ux#!5!,X!5!,*f!)$*3!"(!)JV$S!,Z3!8#B+8#
!s60!"(!R!8*QB!8#+.C!s(!$VB$(!sC+.%&!)$?-+!g,*>&!,q#!5!R!8/X$&!jN$“!]$<0+!kh+.0!M+
!+B!g4$;Q!M+,m+!R!jES!1$_m!5!DQ+!,{$h!•Jc+!,&!`:$>3!…+B4+!M+!D:Ja!1$b{+
!]$h!•!4B+4!+5B!"#.Z\!K4.f!.š<V!1$&!B4!48/9e#!4.f,&!"\,V!8/34,f!5L!,V$|!=;#$3
!!•!‰/*0!=N!]ˆ_:+!,>FC}!5!‰*f+!^*0!=N!¢+ˆz:+!,>FC!•*(!2!"*60!@+!=6{!=F/:+
!!•!KB+4!=3!u<c!‰*#!5!=/(!=3!8&
!!¤K+4,(8&!K+yQ!8X$&!8&!sV
!B4!"(!K,*f$'&!5!8Q,&!)P!1$&B$&!"/-+,V!"(!DQ+!=X+4$p!KB+4,(!,V!"(!D9#+4!8-$F&!5
!,W+!L!4,*W!g83!"\,W+!8X$&!‰-4y#!D9*#!83P!"š#P!"(!R!4.&!8-$?#!B5,•3!8'N+!)$*3
!4.f!7~.;X!5!•BM!"&!5!8#+4,W!78*X.p!T*F6C!5!"-.<'&!+B!4.f!KB+4,(8&!"(!8V+.f!=9(
!)P!,(~!‰-4y#!5B58&!5!8/-.W!$/i!K5!,&!)$34,3!"l#$/\!8V4!7.6S!KB$(.l*#!d$F:!B4!+B
!)P!7,<i!5!44,Z#!‚5,>3!K5!M+!78-8/9p$#!]$;N+!—-$'#!yW,V!D6*Q5!^-8&!R!4.X!,-$Q
!"#$?#!^-+!,*q#!5!L!8-+,W!74.'Q!•Jf$&!5!4,-ˆp!8/p!7$Z#P!–!8&$*&!,C!$/E3!"\,V!^c$&!†Ff
!!2!"(!8*Q,p!K+B!L!M+8#+,*C!4,3!)P!5!DQ+!,*X!"#$9N+
!!2!DxW!•)P!DQ+!"#.Z\
!!!L!DX+4!^c5!K+!"?*&!B4!"š&!54!$&!74$3!K,*X!"(!8#+!74B5P
!DQ.p!5!D?l&!+B!5+!"š&!54,V!5!83$*&!KM+8#+,*C!DNB!)5,*&!"?*&!M+!8*{!k6n&!KM5B
!)$<Q•&!,*x#!5!4$-,N!8-4!78/ZN+!^*3M!,&!"#.W!)P!M+!+B!)$Zš&!5!83PM$&!,*X!).\!L!8*?l&
!2!DxW!5!DNB!5+!‰-4y/&!4./?&!5+!M+5P!).\!R!4.&!,*p!=:$ZX!5+!=Z-$9<V!B4!5!L!8*#$QB
!!!L!4.<#!58&!+B!)$Zš&!5!8#+B!M$&!]$m!gB.{!,*X!•!D9*\!g,_a!kS.3
!5!8X!K,eQ!,<0!g83!"(!7$W!,V!5!R!DQ+!=-$E'#+!+B!=-+8'&+!,V!"(!)+8&2!DxW!]$ZX
!5!˜0$Q!)5,f$'9-}!sE6S+!Ž$S!+~$N!R!48/F#!gB.{!D6E3!='qb:!8*QB!M+,N!jS+!O$Z/V
!K4$X!,V!,i+!,&R!!DQ!78X!74$E#!^-,&!=#$N!s:$0!^-+!K$VB$(!K$/&!y*#!5!L!).38z'9-}
!]+.m+!"<V!B4!5!R!4,(!8-$&!=3!uh.C!=-4$X!s“!,V!,i+!,&!5!R!DX+4!8-$&!=3!s?\!=<“
!!!L!DQ+!,F{!ž4+.m!B4!)+4,3!"-+,*p!"(!4.&!=3!=a+B!=#$<QP!K$wz&
!!s:$0!B$(!DQ!78&!^*/\!4.&!$C
!!!s“!Tp!Dm+B!5!D9V8#+!Tp!K4$X
!B4!5!L!‰9x#!^<N!˜£*Q!^3!‰&${+!$3!5!R!78&!4.f!Tx#!M+!‚$>#+!5!B+4!•h.C!B4!tyS
!M+!)P!‚$;a+!!DQ!74,(!.C!$&!M+8#+,*C!"š#P!ŒLAx#!….N5!$'(!5+!…+8-Š!"(!DQ!783P!]$„3+
!74.E*&!1+,na+!5!8#+!74B5P!)$*3!B4!tyS!^*<V!)$?-+!5!R!DQ+!"'NB!)+,Z-4!,&!.C!DES
!R!8#4,(!,F{!.C!—#B!,&!"(!)$/\!^(,F{!)+,Z-4!—#B!,&!L!"'?W!B.F{!gB5,w&!M$&!5!74,(
!7M+8#+,&!K8&!5!=l*#!M+!)P!g$N$l3!4.X!74,(!"\,V!Œ•)+8C!^-8C!$<(Š!K+!74./?#!5
!,W+5!L!4B+4,&!‰X!=&!)P!u-B!8/W+,p!=<%C!"(,V!"\!R!DX+4!8-$&!=3!s?\!U-.f!B+4,(
!s(!5!vN,&!+B!4.f!•Jf+!–!8-4!8-$&!=3!=9&!$E/-+!M+!4.&!=V+.f!OMJ3!+B!g,*Q!^*<V
!!L!D9-M!=#+.C!^<-+!$C!)$Q,'3!+B!v6f!5!)+4,W!"'Q+BP!KB+MP
!.C!,<02!DxW!R!)+4,W!8(.3!$E'_m!5!^*V+,F&!5!R!)+,&!,C$&$b3!=&!+B!^%Q!^-+2!DxW!,*X
!DX.W!M+!2!DxW!•!DQ+!74.&!"\!M+!.C!g.h!g83!^-+B42!DxWL]$Q!8{2!DxW!•!DQ+!8/\
!]$Q!^-8/\!"(!)+B.#$S!)P!Tp2!DxW!L!=34,(!B$lX!"(!¡!O4,3!5!¥.m5!¡!)+B.#$S
!5!v6h!B4!DhB$x3!M.Q!+B!)$?-+!)+y-y0!5!8/'X+8#!B8p!5!B4$3!='N$-!=3!+8“!)$?-+!¥.Z&
!•*E&!R!74.<#!M,bC!^'%-B!).f!M+!5!K4.&!78-8&!B$(!)P!DFh$0!M5B!)P!,W+!•!4B5$*#!tyS
!!!L!K83$*#!U*p!^-+!]$m
!M+!+B!5+!=3$($#!)P!"(!D?W!^z*'3!5!Df$/?&!)P!Dz*zm!4./?&!^%Q!^-+!,*X!).\
!u#$h!$V.*<&5!4.&!M$&!DX.W!)4B.f!M+!5!DxZ&!D9-$X$#!…,'&!L!DQ!783P!K5,&!=3$(4.f
!!2!8#+!"'xW!DQ+B!5!L!D?W
!!!"60$N!jz;:+5~$3!j;x-!jE_:+5~
!!$bw'N+!$3!8;&!^l:5!g$F€$/:+!=N
!!2!DxW!+B!5+5!8X!B._#B!8-8&!4.&!5+!g.h!"(!7.*3!,&!,*X!]$Fh+!]$ZX!).\
!='N,W!)4B.f!D9*#!=6<S!5!"h$#!)+B4!+,C!"(!)+,Z-4!g.h!M+!5!='N,W!4.f!KM5B!)$QP
!v6;C!)+8&!)$?-+!g.h!"(!=#$9(!5!7.*3!5!DfB4!^-+!5!R!8/l#!$N5!.C!g.z&!4.f!DfB4!¤
!L!4$'N+!s*q0!=l-,X!5!•By&!=<>f!+,N!)$?-+!•+MB+!"\!R!8#.X!…JV!45M!D%Q!4B+4
!,V!B4!L44,W!=3!,V$|!$E#$#!B4!.C!8VM!"_*'#!M5,3+!R!D?W!=3!,V$|!$E#$S!B4!.C!s6|!,i+
!¥$&!4$9N!5!B.EC!‹,;3!B4!=V+.f!R!D9*#!^l<3!ƒJf!.C!B.S!M+!+B!)$*<:$0!R!D:$m!54
!!!¤!‡J{!5!Dx0!d$F:!B4!7+.f!R
!!=p!5!•B!$3M!Ul3!Tp!K.C!,W
!!K5!M+!B+4!O,X!D9-+8f!B5
!•,•'93!g4$F0!B4!B$WM5B!5!4,(!‹+,0+!7.*3!)4B.f!M+!4./?&!j>N!^-+!,*X!).\
!!2!8*?-8#+!4.f!$&!5!8*#+4,W
!!1P!5!UCP!5!…$f!4$&!^-+!M+!8/\
!!•B$E&!5!M.<C!M5!,*C!5!K4!M5
!!!4,(!gy•3!‰?f!5!4,3$#!"(!T&
!!¤B$E#!5!j*:!‰?3!5!B.N$(!Y#B
!!k-,N!"\,“!K+,Q!^-M!BˆW,&
!!¤B+.f!O4,3!’$&B!^-M!BˆWB4
!kh+.0!D3$f5!M+!5!4B+4!4.f!1+ˆ0!,%93!+B!)$*#$ES!"(!B+4,(8&!B.E'3!)$'Q+4!D9/-+
!R!8Q$/?&!)+B8#+!4$XB!v-,c!5!1+.{!"S5!7$Z#P!R!44,W!J'F3!)P!8/#$<&!$C!8?-8/*#!)P
!+B!4.f!"X.W!,ZS!54!,V!$C!DX+8#!,&!^'%-B!).f!5!)4B.f!).f!M+!]4!,*X!"l#$/\
!s:$0!^-+!M+!83P!j{$m!D&,_C!^-+!).\!5!R!8-8#!74,(!M$&!DQ.p!^*3M!K5B!,&!"zx{!‰*&
!!2!DxW!5!4,<?#!y-$S!g$x':+!5+!j{+!=&!U-$</&!U*&!5!4.<#!‹+,0+!B+8“
!!48/f!^'?-.f!,&!=<V!48/&!]4!.C!B4!5+!‰#+,V
!!48/9e#!B+8:4!.C!.\!=6V+$#!.C!).š<V!yS!"(
!!=f.X!M+!R!.C!KBP!DQ8&!+B!=z?0!"9*(!.#!,W+
!!¤!48/&,&!.C!y(!$V,<(!4M54,&!.C!y(!$V$Fh
!!!]4!.C!M+!s#$'9&!)$/\!R!=#$S!R!K+!"#!.C!4.f!,W!5
!!!48/f!=<V!D<?\!,W4!8-,W!=<V!D<?\!‰-!"(
!5!jz0!K+8'z3!+B!gB$_C!^-+!5!8#BP!sEN!B4!+B!gB$X+!^-+!"š#+8&!8#B+5+yQ!)+8/34,f!5
!5!+B!4.f!"\,V!5!R!8/E#!)P!D*wh!,&!K5$*#4!5!=/-4!K$VB$(!K$/&!5!R!8/#+4,W!uFc
!O$/&!)$?-+!K$VB$(!sC+.f!5!`C+.N!$C!R!8#B+8#!+5B!)+,Z-4!1$&!B4!8#8/9e#!+B!4.f!)+8#M,N
!!!L!8#$3!s693!KB+4,(8&!g$;FC!M+!g,fP!5!$*#4!B4!5!R!8X$&!=6b'3!=h$&!,(~!5!.l*#
!!¢4$-M5!=/9b:+!+./9m+!^-ˆ6:!s*z'93!’+,{!=:+!Ž$?-!^3!K8E-!@+5
!!
!!
!!! !! !! !
!!
!!
!!•*;w:+5!8V+y:+!1$&! !! !
!)P!j„<&!).\!5!R!8-$<#!.6“!+ˆ-+B4!"(!B.E'3!B+4,(8&!j„3!O4./X2!+B!^<V,&!DxW!K+B
!=N,m!5!4B+ˆZ&!4.f!"?*p!"l#P!j„3!8-.WM$&!)./(+L4y-,W!D&$#+!5!D&.C!7$/p!B4!4.X!J'F3
!5!,*b'3!5!44,Z#!,9*3!4.f!B$l&!5+!t.SB!8-P!yS$0!)P!‘Fa!M+!).\!5!R!8/(!B$*'f+!,Z-4
!!L!8#$35,N!•Q$'3
!‹+,0+!k9'l3!,/V!5!ž5B.3!D<Q!M+!"(!,V!–!]$SB!j<0!jl:!2!"(!4+4!1+.S!^<V,&
!O$z3!B4!‰X}!R!5+!j{+!vN+.3!5!8X$F#!5+!]$m!v-}!"(!8/ZN+!KB$(!B4!+B!4.f!5!8-$<#
!R!4,-ê#!,*9*C!5+!B$l&!^'?WM$&!5!4B+8#!¥4.Q!5!8/*&!,9bC!5!•E6C!5!8'N+!,*bC!5!44,C
!j<0!"{,0!,&!"(!8-$&!4,3!L!=9/C!$Ez€$h4!^l:5!=9/C}!Ñ,b:+!2!"(!8#+!"'xW!8/\,V
!•,&!g5+,c!5!"N.lX!]$<_&!5!8#y#!7M$C! $X!B4!DQ4!5MBP!,E&!5!4M,&!O8h!g$Fi!U-.f
!"*60!=F/:+!]$h!L!4.&!8#+.'#!vi+5!DFh$0!^<-!5!g,<i!g5Jb&!).\!R!4.?#!"'x-,N!)P
!L!DQ+!8V+M!)P!D-$lm!"38z3!^-+!]$„3+!M+!5!L!"3y6*6N!Ž=X!^3!•MB!^3!L!s69:+!5!¢.6>:+
!!2DxW!•!)P!DQ+!"#.Z\2!"(!8*Q,p!K+B
!D0$c!,&!5!O$<C!K4$E'S+!^-4!B4!–!4.&!•x;'3!5!`6>3!K4,3!r./(!^*3M!B4!"(!8#+!74B5P
!K$w3+!,&!B$WM5B!5!DX+4!‚5,>3!$<lm!O.QB!K$*m+,&!D<E#!R!’,?&!DF|+.3!g4$F0!5
!•$x#!5!DF*“!5!$-B!D<{5!M+!5!O.>;3!O+,m!k9(!5!$*#4!='Q54!M+!5!R!B.>z3!g+,*f
!!!L!s693
!B$?F'Q+!5!M+y'V$&!5!DX+4!kS+5!R!,N+5!=WM$C!8V+M!L!4$'N+!)$<E3!5+!"-5+y&!K,N$93!KM5B
!k#$S!O+8(!8>z3!5!=-P!=3!$_(!M+!2!"(!8*Q,p!4$?Z&!B+yN+!K$p!).\!L!DNB!M$&!5+!U*p
!‚.h5!^c$&!)$*0!=&!,V$|!t$<9&!)$h4${!5!)$zX$0!]$m!,&!2!"(!4+4!1+.S!)$<E3!•!DQ+
!8X$&!DQ54!K$aB!5+!8>z3!5!4$E#!v?0!7+B!B4!O8h!B+5!]4!=&!"(,V!5!L!DN$-!=#+.'#
!,q#!$C!8/(!=3!D?p!Tp!g5$x'3!g$3$z3!5!8-.p!=3!•+,N!"-4$&!B4!)+4,W,Q!‰X}
!M+!,W+!5!R!8E#!)$*3!B4!)$&,h!K+,&!M+!)$S!DN$-!g4$;Q!^-+!"l#+8/\!5!R!8/ZN+!]4!"6Fh,&
!=#+!O$/<:+!=N!KB+!=#+!O$/<:+!=N!KB+!=#+!=/&!$-!L!8/(!+8N!sV!4B+4!=#$#$S!,Cy-y0!R!)$S
!!!L!=#!D-$E#!5!D-+8&!+,3!,xQ!5!DQ+!M+B4!^3!">h!"6<S!B4!L!‰b&~+
!=3!B$l&!)+M+!54,V!5!8#4B5P!$3,f!KB8h!$C!4.3,x&!8V+M!8/'f+4,e&!Da5$x3!^-M+!).\
!R!K4.&!.l*#!K8X!"'N$-!$3!D-}5!B4!,W+!5!R!DQ+!K+!7.*3!ˆ-ˆ:2!DxW!)$<E3!L!8#4,&
!"(!B$<i!)+.:+!5!"(+.N!t+.#+!4J&!)P!B4!5!L!D9*#!vN+.3!+B!=34P!Tx#!5!4B+4!=6zi!8/\,V
!$3,f!,&!)P!)$bSB!5!4.X!=3!"'N$-!@+8<b&!L!DQ+!]$<l&!=C5Jm!5!O$<C!=Cˆ:!+B!‰-!,V
!5+!4.S5!4.&!8#+.C!=6*3!58&!+B!uFc!"\,V!"(!8/\,V!R!"<V!^-+!$&2!DxW!8V+M!L!DQ+!,V$|
!"\!R!8Q,#!)+8&!"(!4,&!Ky*\!K5MBP!"(!+B!)P!8#,<?#!D%&!‰*#!L!DQ+!`S+B!O80!,&
!v&$Q!)P!$&!D0$/h!"(!4.X!74.<#+,N!,W+!5!R–!8#+!D?p!,&!D?p!g4$;Q!…+B4+!5!4+,3!Bˆ;C
!j*:4!)4.&!u#$h!O58;3!M+!5!DQ!74.'Q!4.S.3!M+!D0$/h!"\!R!44,Z#!4,f!].Fz3!sV!DQ+
!!!L8X$&!D<V!B.>h!5!gŽ$#4!B.N5
!+B!)$<E3!L!DX+4!•*n:!=CB5$b3!5!O,W!K+!"3834!5!='xW!.l*#!K,F0!^%Q!8V+M!^-+!5
!8&!s?S2!DxW!5!4,(!$/i!K5!,&!D9%#!L!4M.3$*&!D•:!)P!"(!DQ+.f!5!83P!¥.f!5+!^%Q
!!L!74./X!,C!tB$&!^-M+!D“J&!"#5!O+!78-4!,C!j3$(!^-M+!Dm$>N!"#!¤4$&!B54
!!!‰#+M!,lX!1P!B4!.\!,C!4.9m!Df+8Z&
!!!D9*#!K,lX!D#$&M!M!"&!^%Q!O$(!B4
!B4!DN,;3!"z&$Q!=&!"\!R!=#+4,W!)5,z3!D&$S$&!4yQ!.C!g5,3!M+!"l#$/\!+B!d$<':+!^-+
!"(!M5,3+!–!K4,(!jxlC!•6lC!1+.&+!DN$*a!B45!K8-4!kS+5!DxcJ3!^3!O8z3!O+,(+
!=-$<#!=z6C!M+y'V$&!+,3!‡+,'h+!5!=/(!='zxX!,W+!83P!j{$m!DFb{!D:+4!5!g4.3!D6*Q5
!!!L8X$&!,CB.l?3!"\,V!)+B8#+!D/3!5!,lX!jb3!5!44,W!"'Q+BP!58&!D3,l3!•:+.Q
!5!DQ+!•4${!DF“B!^-+!,W+!5!R!s-$<#!g$V$F3!DnQ$F3!^-8&!5!OB+4,&!)$3,N2!DxW!8V+M
!s*6;C!B8#+!5!R!4.X!74B5P!K$_&!Db*>#!M+!44,W!,9*3!"š#P!s<>3!)P!K$w3+!B4!D<-y0
!!!L!8-P!78-4!kS+5!D•:$F3!^*z6C!5
!KB$(2!DxW!8V+M!KM5B!,fP!L!4+4!Da$-B!)+B4!+B!Tx#!=C83!5!4B5P!)+8&!K5B!)$<E3
!!!L!K+!"'N,W!U*p!s*q0!=_#B!5!B+.X4
!!=X$F#!5!=X$&!^3!.\!"(!=V+.f
!!=#+8#!5!=#+4!^3!.\!"(!=V+.f
!+B!5+!B$(!8/*&!+5B!‚Jf!)P!,*“!5!DN,m!5!D•:!B4!+B!‚JQ+!5!4B+ˆZ&!U-.f!)$&M!"(!,V!5
!!!L48/F#!gB.{!='3$z'Q+
!L!DQ+!Dh$<m!5!=#+4$#!—-$'#!M+!D:Ja!5!D:$ES!B4!4+8S+!5!$&•&!+8'h+2!"(!4+4!1+.S!)$<E3
!!L!DQ$*(!5!jz0!j*:45!DN$>m!5!4,f!)$?#!g+~!j-$wN!j*>bC!5!,/V!k9(!5
!!K.p!D:54!K.Q!B+,m+!.š<V
!!K._3!4.&!5!4+M!D%&8&!.š<V
!g8V$_3!^-+!kh+.0!"š#P!M+!sQ,C!=3!5!O4B5P!K$_&!Db*>#!‘-+,X!^32!DxW!8V+M
!"(!8*Q,p!)$<E3!L4M.3$*&!YF(!,'%FC!"(!DQ+.f!=3![+M!)P!"l#$/\!8?(!D3+8/&
!!2!DxW!•!)P!DQ+!"#.Z\2
!M+!5!83P!¥.f!5+!s?\!B4!5+!)8*3+,f!L!DNB!=3!"(!8-4!+B!=ZF(!=“+M!"(!8#+!74B5P
!8X$&!O$<C!=C$x':+!^Q$b3!1+.&$&!+B!t$Fc!"\!R!4,&!5MBP!5+!‚+,c+!='9\!5!g$(,m!kQ$/C
!!!L!8/X$&!)$-.S!+B!)P!"/-+,V!5
!Df.3$*#!+B!)P!R!8*-.p!YF(!,i+!,&!5!8*X.(!K8/šl-!R!4M.3$*&!+B!)P!"(!DQ+.f!"6<S!B4
!!!L!D?Z#!^l<3!t.SB!)+8&!j-5$C!•*E&!"l#$/\!4,(!¥.3+,N!U-.f!B$'NB!5
!‚JQ+!)$&M!5!K+!"'N,W!U*p!u-$a!=_#B!5!jc$&!=;Q!"(!=#+8&!$C!O4B5P!)+8&!j„3!^-+!5
!^'?-.f!"(!DQ5+!v-Jf!,C!jV$S2!"(!8#+!"'xW!5L!Df.3P!=#+.'#!K,F;#!$&M!5!KB+ˆZ&!=3
!!!L!8X$F#!5+!k9#!vN+.3!5!"?*p!s-J3!"(!4M+8#+!KB$(!B4
!5!"*N,C!5!‰:$<3!‘Fw&!+B!5+!"(!=:+5!,V!5!L!DQ+!v6;'3!….63!’$*'m+!5!Oyb&!1$&!^-+!5
!R!4,<X!OM}!œz*C!5!œxbC!=#$;3!^-+!B4!8X$&!=6*3!)$<>f!u<h!5!)$'Q54!k*C,C!5!$-$0B
!)$?-+!gŽ$x(!"(!=#$9(!$&!5!4BP!B+,m+!)+M5!B4!+B!^'?-.f!,V.W8&!jV+$#!"(!4B+ˆZ#!5
!B4!kC+,3!^'X+4!7$Z#!5!)$W8/&!t$/n{+!"\!R!4M$Q!)$/0!sV!5!YC!sV!+B!4.f!4B+8#
!D-$0,&!=#$zV4!5!=V$X4$p!)$*3!5!R!DQ+!,F';3!=6{+!DQ$*Q!^*#+.h!5!‰63!K$VB$(
!"#M+.3!B4!)$34,3!]~+B+!5!4y*f,&!)$*3!M+!$E':y/3!g5$xC!,W+!5!R!4,(!)+.C!•,N!d.3$#
!R!5!8#$3!=F#$_&!KB+4!)$ES!DF*V!5!‰63!D<?mR!!,&$(+!"6&$z3!B4!’$Q5+!5!R!8/-P!’$Q5+
!B$WM5B!)$*0+!5!….63!,i•3!L!)+5+,N!)P!D;FC!5!D6-$“!5!R!8X$&!B$*9&!)P!1+,na+!5!j6f
!!!L!DQ!74.&!B.>z3!v-,c!^-+!)8*#$9'&!,&
!1$b{+!‹,;3!B4!DN,m!1$&B+!5!8#4,W!,*b'3!)$*#$ES!sQB!^-+!B+,<'Q$&!"(!+,-M
!5!u-$X!)P!g,w3!8&}!5!4,(!8/#+.'#!DN,m!1$&B+!B$(!D0$/{!1$b{+!5!8/-P!D0$/{
!5!u-$X!)P!g,w3!8&}!5!4,(!8/#+.'#!DN,m!1$&B+!B$(!D?*;3!1$FQ+!5!R!44,W!Ÿ*x'93
!^-+!DF9#!5!4,-ˆp!j6f!•Jc+,&!)$34,3!O+.0!5!ƒ+.f!D?*;3!1$FQ+!5!R!44,W!Ÿ*x'93
!!!L!44,W!,V$|!g8<&!)P!,i+!5!8'N+!B$WM5B!T-$Q!]$<V$&!=#$;3
!v-,c!5!žB+!"S5!)+B4!"(!8-.S!KB$(!5!4B+ˆW5,N!U-.f!DN,m!"(!=9(!)$'Q+4!D9/-+
!R!"lxC!K+,&!"#!8#+.f,&!sExC!DES!M+!1+.&+!^-+!"(!8-$&!8/34,f!5!L!4B+8#!=:$_3!1$9'(+
!D<{5!5!D6x“!5!k*0!M+!U-.f!g+4$0!5!•Jf+!5!–!DN,W!8#+.C!t$x'#+!)P!8-+.N!M+!$C
!!!Lv*N.':+!=:5!@+5!L!4B+4!).>3
!!
!!
!!
!!˜<V+,F:+!5!‰6<:+!1$&! !! !! !
!B4!=C.%#!5!8-$<#!‹+,0+!U-.f!4+8S+!5!Ž$&P!"?*p!M+!"l#P!)$'Q+4!O4./X2!DxW!K+B
!D<9&!t.SB!5!44,W!1._b3!1.6n3!…+B4+!M+!$C!8X$F#!$*E3!)P!1$FQ+!"(!8/(![$34
!5!DQ+!,C!74.'Q!O+8(!)$V$X4$p!K$E'6>f!M+!"(!8-.WM$&!)./(+!L!44,Z#!^l<3!U*&!j{+
!$-!g5$%Q!$-!s6m!L!,C!‰-4y#!$E:4!D:$<'Q+!5!+.V+!•:$C!5!D:54!g$Fi!5!‰63!Db6><&
!sV!"(!R!+B!….63!='z-,c!,C!78-8/9p!5!=C,*Q!,C.l*#!2!"(!4+4!1+.S!^<V,&!•!D0$_X
!‰63!sV!R!5!8/X$&!,($X!5!4./?f!D*0B!5!,Z?:!sV!5!R!44,W!O,l3!5!k*E3!)$?-+!Tx#
!^3!+.wx#}!k6z:+!œ*6“!$qN!D/(.:2!=:$;C!@+!]$h2!DQ+!s6m!R!B+4!K$p!5!D&$i!D:54!5
!g5$%Q!8-+.x&!"(!+,-M!L!v6%:+!^9m!Ž,<:+!¢4$;Q!^3!2!OJ9:+!"*60!=F/:+!]$h!5!!–!‰:.m
!5!4,f!s6b&!$3+!R!8'N+!B$(!='h5!$V,<0!B4!D0$_?&!5!4.&!8/#+.C!ƒ.>%3!"x-$c!‰-
!)$/%Q!B4!5!–!j3$X!+B!D*0B!5!,l?:!5!O$0!5!ƒ$f!)P!uN$/3!5!DQ+!DS$m!+B!•By&
!5!$E'&ˆS!$V.6QB+!+~+!sE#}!$V.;nh$3!¢,;X!d$/:+!^*&!5!=/*&!)$(!.:2!"(!8#+!74B5P!"-5$;3
!B4!='9-.3!‰-!)$34,3!5!^3!)$*3!,W+2!"(!8X$&!^*/\!=/;3!–$E'6QB+!$V.&~$S!)+
!8/?l&!‰*#!,W+!5!s?l&!8#+BˆZ&!)$?-+!,W+!"(!R!D99W!K8/#+.'#!yW,V!D&~$_3
!s#+8&!s:$0!jV+!"<V!$&!"(!DQ+!8m!^-+$C!^3!s6m!]$<(!5!]4!Dn9&!=/;-!R!O4B+ˆZ&
!"(!KB$WM5B!)$/\B4!O,S}LDN$-!8#+.'#!B4!^3!"'XB!T(!•*V!5!R!Df$Q!s#+.'&!5!D9-M
!‰63!5!4B5P!‘Fa!B4!D3+!gB$3+!8#4.&!g$*m!B4!sE/0!@+!=aB!B$F(!M+!7.F#+!='0$<S
!!L!D?W!s693!+B!5+!^*3M!K5B
!B$h5!5!g$Fi!"(!R!4M$Q!)$S!"F;(!5!]4!"6Fh!+B!1+.&+!^-+!"(!8-$&!8X$&!D<V!^-+!+,(,V!5
!5!r5,N!5!$34!B4!….63!K$E#$3,N!"\!R!DQ+!='/-M!,C!)$&$C!5!='*6m!,C$F-M!+B!)$V$X4$p
!R!1$_m!=&!•Jc+,&!)$?-+!K$E:$„3!~$x#!5!O$lm+!M+.S!5!R!8X$&!+5B!)$*#$ES!]+.3+!5!…J3+
!5!4.X!1+,f!=#$ES!=-.f!DXB4!‰*&!8/#+4,Z#!"'Q+BP!D#$-4!5!s6b&!+B!4.f!•Jf+!,W+
!!!L!8'N+!"h,xC!5!…JV!‹,;3!B4!$E:$3!5!$E#$S!=9&!5!R!8#4,W!B.x#!5!74BMP!=z6f
!D9:$b3!5!R!DQB$<3!5!D&,_C!5!DN$>m!5!4,f!jV+!$&!DQ+!gB5$?3!s6m!j{+!5
!)P!+B!y*š*V!"(!R!K~.3!jV$S!5!jN$“!^€$f!M+!k/_C5!!R!vx?3!=6h$0!5!™6%3!=<*lm
!)+!KB+8:+!j„3!`:$>:+!T*6_:+!j„32!OJ9:+!"*60!]$h!L!+B!^*?#!sV!"(!O4,3!B4!D9*#!,i+
!‰N,b-!s:!)+!)+,*l:+!j„3!Ž.9:+!T*6_:+!j„3!5!R!"b-B!^3!‰z60!7,n0!^3!…8_-!s:
!!!L!"/'#!^3!‰z60!7B$/&
!!!)+4,f!=&!•-,m!=X$F#!$C
!!!)+8&M!4.X!8&!B$(!.l#!"(
!!B$(,&!)$S!DQ5+!•n:!y(!4$&
!!B$3!DFb{M!=<V!44,W!,VM
!=&!s6m!M+!).\!R!8/l?&!‚$>3!74!D0$_?&!$-!R!8/(!^-BM!)$ES!g5$%9&!=V$X4$p!,W+5
!B4!,W+!5!–!8V4!g,x#!+B!D*0B!5!,l?:!=3$<C!5!8#+4,W!jc$&!+B!"<V!78&,0!‰*&!4.&!7,E&
!+B!)$/<X4!7,F;h!5!K+B!"&!5!DX+4!8#+.C!,($X!+B!)$ES!"<V!vN,&!8X$&!KB.>h!54!,V!)P
!74,(!j<bC!$E'#5.3!B$*9&!,W+!"(!R!8#$<#!=:$f!=F*0!M+!sV!g$Fi!=&!s6m!M$&!5!L!8*:$<&
!g,<i!=&!5!u-$a!8?(!‰'E'&!)P!DFh$0!).\!8-$<#!D•:$F3!=Z'9VP!B$E|+,&!5!4.X
!!L$#$;:!s*6b:+!).l-}2!OJ9:+!"*60!=F/:+!]$hL8#$3
!D;&$'3!s6m!5!.x0!O$Z/V!B4!"#!"l#$/\!R!8X$&!u<'_3!‰63!g+54+!"<V!"(!+B!7$X4$p!,V!5
!5+!=V+.#!5!,3+5+!K$/&!5!R!8/*&!+5B!)$n*X!D05$n3!s?f!5!D&.z0!B4!"#!5!4,<X!y-$S!+.V
!‘69C!M+!5!8#$3!).>3!)$/<X4!KJ*'Q+!M+!5+!‰63!8X$&!78*3+BP!gB5$?3!5!j3$C!4J/&!,&
!!Ls693!s>f
!!!K4!7$3!,&!szX$0!U<6m!O,X!M+2!DxW!7.(
!!!+,3!B4$\!8?(!,Q!B4!K4!7$3!4$&!"l#+M
!)+8&!5!8X$&!"'N$-!B$WM5B!g80$93!M+!"(!=qm!45B!='6x“!g,*Q!^-+!D3MJ3!B4!,W+!"\
!)P!kh+.0!5!4.X!•,x3!=<?f!5!=?bN!…8#$&!R!74,(!='#$;'Q+!‰63!O$q#!5!B$(!‘Fa!,&
!!!L!8#$<#!=:$f!D3+8#!5!…JV!M+
!5!4,%&!)P!K$<#!5!$z&!$3+!DQ+!K,Q!)P!,-8zC!$EC4$;Q!"<V!"-$3,Q!"(!DQ+!B,z3!5
!s:$0!5!s*6m!7$X4$p!).\!"(!R!8X$&!v6;'3!,-M5!Db{$/3!5!ƒJf$&!5!7$X4$p!DN$>m
!5!8X$&!B.(ˆ3!$w3!5!~$x#!5!$/“!5!4+89&!"(!DX+4!8/34,f!5!s*lm!)M!K+B!5!L!8X$&
!5!L!4.X!B.>/3!5!,xq3!$VB$(!"<V!B4!R!B.E?3!DzxX!5!=W8/&!‰*#!5!DQB$<3!5!D&,_'&
!¥.W!"?*<V!5!R!45B!=3!5+!K$xh!B4!D:54!5!]$Fh+!5!g,>#!5!`'N!8E#!K5B!"(!k#$S,E&
!+.V!k9m,&!,W+!5!R!8#B$eQ!=3!58&!OyE/3!5!B.Ez3!+B!)$/<X4!5!8#B+4!=3!5+!k(.3!M+5•&
!5!•n:!5!R!)$/*;3!5!+BM5!K+B!"&!4B+ˆW!D-$0B!=&!+B!='b6>3!k#$S!5!8V4!]$„3!KB$(B4
!B4!"l#$/\!R!8#$<#!Bˆ;C!y*m!B4!)P!…B+8C!5!44,W!=xl3!y*#!sE3!)P!R!)$?-+!vNB
!!2DxW!•!)P!DQ+!"#.Z\2!"(!8*Q,p!K+B!L!5+!O.h!5!8/V!7$X!D3.>f
!"(!8-4!j-$V!1+.f!DxV!g,(!DxE&!=FX!L!4.&!=l63!O$#!BJFV!8/V!4J&!B4!"(!8#+!74B5P
!kX!"<V!5!8*Q+,E&!$E&+.f!)P!M+!83PB4!^*9p!M$&!1+.f!M+!).\!L!83PB4!1+.f!M+!‰-,E&
!1$z#!"l#+8/\!L!8*ec!=3!78-yW!O4ª(!O4,35!78-,&!O4!B$3!).\!5!8*:$#!=3!)P!s“!B4
!•,?3!7$W!7.6S!B4!B+5!d5,0!)$WB$*Q!7$X!5!R!4$?Z&!K+BP!)$ES!`F{!]$<S!M+!D<6|
!.l*#!).\!L!DxZ&!)$?-+!$&!4.&!78-4!"š#P!=3$<C!5!8#+.%&!+B!"<V+,&!5!DQ$f,&!R!83P!+8*p
!–!DQ+!=&+.f!…$/<EQ2!8/'xW!8#4,(!78V$?3!5+!"*{$#!B4!d+,V!5!‚.f!,i+!5!8#4./?&
!k'l&!5!s*/*?/&!=:$f!='0$Q!8-$3,N!gM$S+!,W+!–!8#+!74+8#!)$?#!=&+.f!,C!j-$V!^-M+
!g,*>&!5!)$zC$&!)P!,*F;C!"Z#P!R!s*/(!=63$C!)+B4!,'3$<C!"\,V!K$>z'Q$&!5!!s*/(!t.SB
!!L!8X$&!+5B2!DxW!‰63L!s*?-8#+!=ES5!+B!)P!uN4!5!s*-.Z&
!‰-4y#!8E0!^-+!B42!8/'xW!,Z-4!‰-!$&!5!8/'9?/&!=:$f!=N,n&!5!8/'N,&!5+!U*p!M+
!$3!DQ8&!K+!"'XB!,Q!5!s*'N$-!‚.h5!5+!,Q!,&!M5,3+!5!DQ+!"'?l&!$3!M+!T(!B+yV!74M+54
!R!DX+4!O,b3!^-B4!+B!$3!gB5,w&!5+!"(!8*#+8&!5!L!DQ+.f!s*#+.'&!4.f!"/*(!)+8&!"(!83P
!5!g5+80!,i+!B+,na+!^-+!$&!5!K4.3,x#!4$<'0+!^-+!yW,V!='N$-!K,F;3!‰:$<3!"<V!B4!,W+!5
!!L!8-+BP!=3!78-4!5+!"*{$#!B4!DEFX!=&!=Z-$/<X4
!v-,cL!1$b9:+,3!,<C!ƒ,x:+!)$N!R!4.?#!g.N!D{,N!$C!4,(!8-$&!j*_;C!B$(!^-+!B4
!"(!s*#$Q,'&!)$/\!+B!5+5!s*#+B!,C$&$b3!=&!5!,C!DXB4!"\,V!^%Q!1$&!^-+!B4!"(!D9#P
!4,(!^*Z#B!.C!™%X!"(!).f!)P!"(!s*-.W!Tp!R!DXˆW!8#+.'#!)+M+!s*/(!"(!gB$X+!,V
!)+8&!$3!B.wb&!$C!=-$3,x&!U-.f!)$l-4y#!M+!+B!K+!"x-$c!"(!4.X!uN4!)+8&!)P!,X
!)+,-+!5!L!,9p!,&.S!s*-.W!8Q,p!)$?-+!=3$Q+!j*>xC!,W+!5!R!8/'?l&!"{$f!,*?<X
!)P!5!R!DQ+!"{$f!k(,3!"(!8*eQ!j*p!)P!5!R!,*&4!…$(!5!R!,-M5!BJ&!5!R!,9p!B4$3!Df4
!R!4,F&!=<*6h+!=FX!B4!"(!='%&!,'X+!)P!5!R!D9#+,Z#!)$?-8&!5+!,c$f!"(!,Z-4!j*p!54
!5!R!8//(!…$f!,-M!B4!)$?-+!$&!5!8//l?&!y*#!+B!,*?<X!5!8#B+ˆZ&!,*?<?&!+B!"6<S
!B$E\!8-P!)5,*&!).\!5!R!s*#$?/&!)+B4!='0$Q!+B!‰63!5!8#y-B!=#M!1P!B4!)$?-+!K$E#.f
!•'(!,&!).f!)P!M+!5!s*34!K5!,&!5!s*#+.%&!=#.9N+!5!s*-PB4!5+!k#$S!B$E\!M+!$3!M+!T(
!T6_<&![B$N!5!^<-+!5!s*/(!1,\!5!s*-.?&!5!s*/(!…$p!+B!5+!O+8#+!Tp!R!s*:$<&!5+!I\
!1+.f!^-+!,X!4.X!"'X+4,&!D0$<S!^-+!M+!]45!8-P!74,(!,F{!^-,&!,W+!L!s-,&!‰63
!=V$X4$p!]+5M!$&!R!4,(!8-$&!B$q'#+!+B!s*q0!KJ&!D9*#!,9*3!1$&!^c+!,W+!5!R!44,W!t.N83
!!L=#$W8#M!)8X!K,eQ5
!5!8#$3!$E/C!).\!5!R!s*?l&!7,Q!=3$z'#+!K5!M+!D0$<S!^-8&!4B+4!d$p!+B!$3!gB$X+!,W+
!!!L!s-M+4,e&!y*#!+B!5+!B$(!8-$&!+B!$3!"l#$/\!8X!D:P!=&!5!•*;a
!)$?-+!^%Q!5!4.3,N!=:$f!L!8/'NB!7$X!U*p!5!8#4,(!•$xC+!D<;#!)$x(!5!B8“!^-+!,&
!"x-$c!^-+!).\!5!R!8*-.W!=3!$<X!"(!,E&!,*&8C!^-+!M+!•,32!DxW!5!8?&!K$S!M+!L!4./?&
!]$m!•*E&!5!•!78-$N!"\!=#$W8#M!M+!5!Dm+B!"\!g$*m!M+!+,3!s?l&!8//3!Tx#!j-80!"(!+B
!]$z'#+!5!]+5M!=&!‰63!5!DQ+!•By&!=34P!B$(!"/-P,V!5!R!D?W!sV+.%#!8-5$S!$*#4!B4
!!D9*#!=h,N!)+y-y0!•,3!5!^3!•,3!)$*3!"(!R!^-M+!"&!='9-$&!='6*m!R!48/F#!gB.{
!!L!DQ+!u-$X!5!O$0!)$?-+!K$z&!uN$/3!5!,<0!8-+.N!"(!K+!"x-$c!"{$fR
!5!$-B!=&!Db*>#!5!8X$&!A6C!vm!^%Q!–!‰h8{!^3!….f+!R!+B!‰63!4$&!$z&2!8/'xW!"<V+,&
!K+8N!‰63!5!)$S!5!4B+4!,&+,&!4.f!g+~!5!Tx#!,&!+B!)+,Z-4!=9(!"#.Z\!R!DXB4!D#$*f
!B.E?3!=6„3!5!–!Df$/X!,F';3!+B!)P!5!4./X!8-$F&!+B!)$zx?3!Db*>#!•!8#+4,W!)$?-+
!‹.0!D-+.N!"<V!M+!+B!‰63!5!Tx#!"(!8-$&!7$XL‰C$lbw3!,3+}!‰C$*lF3!,3+2!"(!DQ+
!8-$3,N!t,X!,*bC!5!44,C!=&!DQ+!O$<C!=S,N!5!•By&!K8*3+!)+B4!"(!B$(!^-+!B4!5!4,<X
!]Jz'Q+!"SB8&!B$*9&!—#B!Tp!O4,3!5!R!8V+.f!U-.f!K+,&!+B!)$/Z<V!=34P!"(!8#+8&!5!L
!5!DN$>m!B.N5!M+!^'xZ&!54,V!^-+!…,'&!5!R!8-P!DQ8&!D-$E#!=&!UX.l&!‰63!5!R!8QB
!g+~!$C!5!L!8X$F#!,*W!DQ4!•Q$C!5!•E6C!"(!4BP!=#$<*?p!='h.&!5!R!8'N+!B54!D<V!.60
!Bˆ;'3!j<_C!5!B$Z'38f!DQ+!B+,h,&!‰63!$C!5!R!8-$*#!s(!8#M,N!5!)M!DQ+!=h$&!‰63
!!!L!8-$</#
!B._#B!s*q0!8-8&!^%Q!4B+yWB4!)$?-+!=f$'9W!5!g+,S!5!4./?&!j>N!^-+!‰63!).\
!M+!).b*S!5!R!4$E#!…$f!,&!K5B!5!DNB!)+yb:+!D*&!"&!5!DQ$f,&!)$?-+!)$*3!M+!5!R!D?W
!)$QP!,W+2!DxW!=3!4.f!$&!5!R!8*ec!=3!=l?f!,&!=V$3!).\!5!8#+B!=3!78-4!7B+.N
!sV+.f!8/\!4.f!"(!DQ+8*p!5!–!s#$3!k*>#!=&!,<0!Dm+B!5!‰63!78-$N!M+!O,*W!)+y-y0
!=-$/X5B!"(!,9p!=&!+,3!5!L!4.&!8V+.%#!B+4!K$p!‰63!5!DQ$/N!=34P!B$(!O$S,N!5!–!D9-M
!=V$X4$p!sX$&!,Eq'93!58&!g$N5!Tp!M+!5!g$*m!]$m!B4!5!DQ+!^3!]4!7.*3!5!s?\
!•!8X$&!g5$xC!"\!)P!,*f$C!5!s-8zC!B4!4$'N+!8V+.f!)$<>f!DQ8&!).\!5!•!8-P!B$l\
!R!à+5!K5!g4$;Q!5!]$Fh+!j-$%3!5!DQ+!`-}!K5!D&$_#!5!8XB!j-}4!"(!K8#M,N!"{$f
!5!OJ0+!5!$*#4!….63!"(!s-,(!•69&!KB+4!)$ES!8*E<C!5!‚,X!k9(!B4!5+!K+8'h+!5
!!!,V$|!8#+!74.&!s:$0!)$*0+
!7$3!B.#!uF/3!5!DQ5+!)+8%#M!7$\!M+!)$&$C!8*X,f!"<?\!1$VM!"(!Df4!)+,-+!=&!5
!K$EFX!).\!=x:M!5!7+.f!]4!5!D:54!O$-+!).\!KB$9fB!R!5+!¥.W$/&!Tl0!M+!"'xV54
!$VŽ4B!D;6f!+~+!R!M,bC!=&!g,X$;3!B4!5!Bˆ;C!=&!DxcJ3!B4!R!)$-$p!B54!5!sVB4!DFl#
!!!Lj3$(!=N$x0!5!j3$X!=mJ{!R!$VŽ$*m!D;6f
!=N+,c+!R!1Ê3!=hJf+!R!kQ$/'3!=C$(,m!R!K+yN+,E3!=CB5$b3!R!K$&B!]4!='9:$_3
!!!L!s*;#!=3+8#+!R!7y*($p
!!!4y*f!,<h!5!T<X!=<V!¥B$9fB!54!y(!KB$E&
!!!4y-B!,lX!5!8EX!"<V!UC.h$-!54!y(!KB$Z#
!!•!s&$-!KB+4B.f,&!"\!=#$W8#M!M+
!B+8“!"#$3M!M+B!M+!5+!sV5!R!DQ+!O4P!=/&!g$V4!5!s:$0!g$x(!D*z&!"(!,-M5!BJ&!=&!5
!].>m!5!]$<0+!v#5B!5!‰:$<3!O$q#!R!8V4!tJc+!B+54!,EeQ!B+,Q+!,&!5+!DQ+,N!5!8#$V$W$*&
!!•!8V4!DQ4!"#.Z\!^-+yf!=#+4$&P!5!g$S+,f+!D3$h+!5!]+.3+
!!,&+,&!D9*#!T(!•*V!5,&!‰63!B4
!!¤B+8*eQ!5!=&.c!•!78E*&!Kyp!"\!+4.Q
!,V!5!R!5+!)$*&!,($\!)$<QP!,*&4!5!DQ5+!)$/&!4,W$X!‰6N!8/&!Uz#!"(!,*&4!]$<(!=&!5
!K+!"3$#!5M!+5!B+.Q!B+yV8{!R!,C!^*F3!"\,V!K,bQ!5!,C!^*<i!"\,V!KB4!5+!)+M+!K+!"<6(
!!!R!K+!"3$f!5M+!5!7y*#!B+yV8{!5!R
!!!4.&!)+M+!^-,*X!89-.#!5+!"(!‘f!,V
!!¥,lX!.\!)$#.%Q!gB.{!D9V!)$(
!"š&!)$<>f!OM+.0!5!+80+!]+.m+!,&!5!R!4.X!O.6;3!"#.Z\!=m+.#!ž4+.m!5!‚+,c+!`:$>3
!jb<&!‰-!,V!"(!•h+5!`{$#!54!^-+!5!=N$(!78/&!54!^-+!"(!7$W,V!5!•!8'N+!‚.h5!j-5$C
!!!L!8#+!$/*&!s?\!5!+,*W!DQ4
!5!$VB$(!v#5B!4.X!unz/3!^3!‰63!M+!)$?-+!D-$x(!B$iP!5!Db{$/3!8-+.N!5!8#+4,W!jc$&
!5!O,f!R!7$3!^3,f!.\!5+!™%X!"(!8*eQ!j*p!=&!5!•!48/&!gB.{!"#.Z\!g$<E3!O$q#
!K,q/3!5!R!K$?W!]4!=f$(!sV!5+!8E3!R!DQ+!)+4,W!5!"'Q+BP! ,\!jl*V!).\!5!)$&$C
!!!L!u*/3!=V$/p!5!^*>m!=';6h!sV!5!R!DQ+!7y#
!54!R!8/'(,m!4$&!gB.{!,&+!D;/{!"z0${!"(!,Z-4!j*p!54!)P!5!•!O5B!"#.Z\!^<X4!U*p
!$-B4!)$*3!M+!"(!Y/E#!8/#$3!5!R!8X$&!v6;3!7.(!K}$&!M+!"(!$V4¦+!).\!)$?-+!O.c,f
!s>f!)$34!j*Q!)$9&!Y/S!B4!5!R!8/-$&B!O4,3!4$&4,W!).\!"6<m!B4!R!4y-5PB4!^'?-.f
!!!L!=/*&!4B.#!M5B!B4!5!R!8#,*W5,N!+B
!!!Ac,3!]4!B4!78X!D%Q!=l-!)+8#4
!!$-,i!4,W!78X!"z6m!=l-!O.c,f
!5!8-$9e#!U:$%6f!$F{!DQ4!YC!B4!"(!='%&!7M$<S!=&!5!•!s/lX!"#.Z\!)$<>f!‚$>3
!!!L!8N$l?#!U-$p!4,W!]$<X!O,S
!!5By*C!=#.*V!j-$V
!!!54!B$*9&!B.f!…8#+
!!5,W!74,&!)+.VPM!+
!!!^'f$C!B4!5!"-.pB4
!!¥5!7.(!B+ˆW!).3$V
!!¥.f!74,(!j<bC,&!]4
!!U(B$&!kX!,V!M5B!$C
!!^(B$f!kX!$C!M5B!,V
!!!5+!Y/VP!B4!7B$*Q
!!!5+!Y#,*#!T&M!7,*f
!!!5+!Y/Q,N!^'f$C!B4
!!!^'f$C!Dx-$c!8m!M+
!!!"'N$&!UQJp!)54,W
!!!"'N$C!¥B$E3!,'f+
!!!"'N$-!U-$p!5!DQ4M5
!!^_3!jlX!^*3M!K5B
!,*?<X!=&!5!•!s#$QB!‚+,c$&!g$<E3!,Z-45!gB$?&!K$E3$#!5!s&$-!‚.h5!B$Ff+!,&!"#.Z\
!K5B!,&!K+!"\B.3!78/#$3!5!)$?(!7$(!BˆW!B4!DQ+!7B$'Q!).\!)P!"bx{!B4!,V.W!"(!)+,&
!=<fM!UCP!R!DQ+!74,3!)P!DF*V!M+!"/'N!UCP!"(!=6lX!1P!R!)+5B!7yFQ!B4!1P!K.S
!!!78#$3!K$_&!K5!M+!‰63!K5B!1P!"(
!!!j;N!UCP!Y#B!1P!)P!M+!@$&!~.;#
!)$/*;3!5!)+y-y0!5!O8X!7,E&!=&!1$FQ+!^-+!M+!"(!7$W,V!5!•!s-$<#!K,i+!"#.Z\!$EZ/S!B4
!='&,X!5!B+.X4!KB$(!)+y-y0!•+,N!"(!•!s&$-!gˆ:!"\!=#$W8#M!5!‰63!M+!O4,(!jc$&!+B
!!='<E#!5!jc$&!=*;Q!B$Z'38f!5!B$-!=&!]$•X+!D*?<C!5!g$<E3!D-$x(!5!R!DQ+!B+.W8&
!!!L!DQ+!Bˆ;'3
!s/(!+8'&+!)P!‚$?l'Q+!B4!,W+!"(!8*X8#+!,-M5!BJ&!L!8X!u-$X!‰63!g,lN!,(~!R!"6<S!B4
!)+,-+!‰-4y/&!Tp!L!8X$F#!ƒJf+!s-J3!OMB5!=:$<V+!,W+!5!R!8'N+!B54!=W8/&!sQB!M+
!$C!O+!783P!‰63!D38f!B4!^3!"(!M5B!)P!M+!5!DQ+!74$'N+!=:$m!^*/\2!DxW!5!DNB!Df4
!^3!gB5$?3!=&!]$<0+!•By&!5!4,f!B4!5!R!DQ+!"'X+8#!K.n3!^3!M+!y*š*V!D-$“!^-+
!"'Q.*p!='a5$x3!5!DQ!78*F6c!+B!"<V+,&!g,(!54!‰-!5!R!DQ!74,<?#!y-$S!)4,(!‹.f
!7$/p!5!KB$WM5B!"l63!M5,3+!.C!5!R!"'9?#!B._#B!5!,lx'3!5!DQ!74,(!=C.6f!)./(+!5
!M+!sQ,C!=3!–!8X$&!.C!DzxX!5!D-$/0!‰63!Dxc$0!5!D<mB!M+!Tp!5!R!D*0B!5!,l?:
!U*p!+,C!L!8?(!D3+8#!5!g,9b&!)P!,f+5+!"(!8//(!Ÿ-,bC!KB$(!,&!+B!5+!)+B+,c!)P!"š#P
!!!L!s/(!K,*&8C!$C!4+4!OJ0+!+,3!5!8*#+4,W!O.6;3!";h+5!5!DNB!8-$&
!).\!"(8#$<#!78*X.p2!DxW!BJ&!L!DQ+!"'NB!=&$'0!‰63!5!^3!)$*3!2DxW!Df4!)+,-+
!‰63!M+!$V!B$&!^3!5!R!D9*#!.C!B$(!yS!–!4,(!8#B$*#!=f$'9&!)+B$Z'38f!8X$&!,lx'3!‰63
!^-+!5,&!L!O4,W!4$X!sX$&!=V58#+!B4!"\,W+!8-P!^3!U*p!Df4!)+,-+!7$W,V!"(!O+!74./X
!B+4!=#+MB+!+B!v6f!s*q0!='<;#!5!)+4,W!"S.'3!s?m!5!O8f!"N$(,&!•By&!D/3!5!^l&!B$(
!!!L
!5!•D9*\!g,lN!kS.32!DxW!5!4B5P!K$_&!D38f!’,X!5!DNB!‰63!U*p!Df4!)+,-+
!M+!=l-!"(!R!8/-$<#!DzN+.3!$C!K$3,N!OJ0+!+B!)$W8/&!K+!74./X!).;63!"<V!+,-M+!"š#P
!5!K4$X!5!s“!)$*3!5!R!4.X!78*F6c!D(B$?3!=#$;3!"<V!B4!"(!D9#P!=W8/&!‘-+,X
!)$*&!,W+!"(!Ky*\!M+!8*Q,p!8-$?#!2!"(!4.3,N!‰63!L!8-$*#!74,(!•,N!75,l3!5!1.Fb3
!!!L!s(.9C!sl:!8FC!)+!Ž$*X+!^0!+.:$9C}!LK!4,W!B._#B!8//(
!44,W!ž4$m!=<“!R!@$&!~$*;:+5!R!,W+!5!R!4.&!8-$&!B+,na$&!7$X!"(!4$F32!DxW!Df4!)+,-+
!K+B!"\!R!8-$3,N!s-8zC!,F{!D/Q!DqN$b3!5!g$Fi!g,*Q!D3MJ3!B4!)+4,3!D<-y0
!tM$_6:!5!¢8m+5!,&$>6:!˜F*><:+!"(!R!8/(!g4$-M!+B!—#B!tyS!"(!DQ+!B,z3!+B!5+!^X5B
!4.&!8-$X!^*Z<“!j-5$C!)+8&!"(!D9*#!,{$h!Ky*\!gB8z3!5!)$l3+!1$FQ+!M+!y*#!5!L!)$/i+
!!L$*E3!5!DQ+!"'f$Q!)P!uN4!4.X!7M$C!"(!=:.•?3!,V!5!DNP!,V2
!!!L!O80!s'(!M+!"S!M+!)5,*&!O8f!sV!KB+4!—/W!sV!
!!!s60!)M!s:$0!O$&!,&!O8h!"#!8h,N!•,N,&
!!‰63!M+!K.X5,N!D<>0!‰6N!M+!15B!5,N!s_#+
!!!O80!s'(!B4!M+8#+!‰<Q!,&!+B!$<Q!)M!,&
!DN$>m!5!4,f!]$<(!,&!)P!…B+8C!"S!5!44,W!ž4$m!=<E3!).\!"(!D9#P!vN.3!7$X4$p!5
!}!y_;-!Ž,<:+!5!R!8#$<#!"F'?3!5+!g,lN!8€+B!U*p!)P!=NJC!v-,c!5!44,Z#!78*X.p!5+
!!!L!4.?#!^l<3!B$h5!5!4,f!5!g$Fi!5!jz;&!yS!)P!uN4!5!ž4+.m!^*/\!M+!=>xC!5!L!˜:$b<:+
!8/#$QB!B$WM5B!¥.Z&!gB$?&!)P!5!8/-.W!7.(,&!8/-.W!=3!"<V+,&!"š#P!,W+2!DxW!‰63
!!!L!4.X!7$*Q!^X5B!M5B!K5B!5!44,W!+8S!sV!M+!7.(!‚+,c+
!DQ+!1+.{!^*0J3!)P!L!K./?&!,W+!K4,W!B._#B!"(!K$</3!‡$b:+!™bxC!B4!y*#!.C!5
!7M$<S!5!+B!)J*p!,Z-4!5!8*eQ!j*p!5!+B!™6%3!)$W8/&!=3$<C!5!+B!,9p!5!+,C!"(!8#+!78-4
!!!L!4.X!uN4!O+!78-4!"(!=&+.f!,X!$C!D?(!8-$F&2!"6<S!+B!='%&
!DxW!5!4,F#!K$S!M+!+B!4.f!4./?&!j>N!^-+!).\!R!4.&!5+!=(,-M!"(!$_#P!M+!Df4!)+,-+
!‰63!$C!5!8-$*#!s(!8#M,N!5!)M!DQ+!K$S!,&!B+.WBy&!g+~$C!Lvx?C!}!5!‰*60!).V2
!!!L!8X$F#!=W8#$35,N!j<_C!5!B$Z'38%&!8X$&!s*z'93
!)P!,&!U*&!8-P![B$N!g,lN!^-+!M+!7$X4$p!,c$f!5!44,W!t.N83!1+.f!^-+!,X!).\!$3+
!^'%-B!).f!"\!R!8X!8V+.f!jc$&!KB.#$S!"š#P!B4!"{$f!R!4,(!8-$F#!4$<'0+!D0$<S
!5!=#$<*?p!5!R!4B+4!s*f5!='Fh$0!^'Q.*p!t,X!)P!B4!j3$C!=&!5!DQ+!k;{!KB$(
!!!L!4,(!)+.'#!78#M!+B!"'?(!5!4B5P!)+.'#M$&!+B!"'XˆW!"\!R!8X$F#!8*x3!)+B4!g,9m
!s60B4!"\!,W+!5!R!8#B+8#!DQ54!+B!5+!"<V+,&!"<V!"(!DX+4!8-$&!=3!4$-!^-+!+B!‰63!5
!8#.?#!gB.?3!5!,*&8C!)$-$X!5!8#4,Z#!D#$3+!B+5+yQ!yW,V!D:+4!)+8&!8#+!"'Q.*p!=a.f
!"'Q+BP!O,(!5!$N5!D/-y&!+B!5+!]$3!5!s60!5!4,*Z#!]$<S!"-+,*p!•*E&!s*£:!,V.W8&!"(!R
!5!8/-$3,N!u{,3!•.c!+B!YQ!"(!8X$&!)$/š<V!45B!=;Q!5+!`*X,C!B4!,W+L!8#+4,Z#
!"6V+!,*“!=N!s6;:+!ua+5!2!s6Q!5!"*60!@+!=6{!=F/:+!]$h!L!8#,*W!BM!B4!+B!$3,f!"'9f
!!!L!,-M$/%:+!=60!.:Ž.6:+5!,V._:+!v6;<(
!!!8X$&!$V4¦+!"#!=-$>0!,V
!!!8X$&!$*<*(!"#!=V$*W,V
!gB$X+!^-8&!5!R!44,Z#!D-$N!)$?-+!D{,N!"(!D9#P!,*F;C!^-+!B4!j-~$%3!^-+!‹,“!5
!"(!+B!,9p!]5+!5!R!8/F6c!$xX!DQ+!^l<'3!)$?-+!]4!B4!"#$l63!DQ$*Q!M+!"(!+B!=-$V4B4
!8//(!…JV!¡!D?W!8-$&!u#$h!‹.;&!K5!M+!"(!4$F3!5!¡!DQ+!‰63!g+~!‹.0!5!Tx#!,*q#
!!!L!DQ$*(!5!4,f!5!8XB!5!D&$_#!)+8/\!$&!K,9p!7$Z#+5!R
!,Z-4!5!R!8/#+4,W!jc$&!DQ+!"'9&!M$&!)$?-+!D-$xl&!‰63!K$z&!"(!+B!vx?3!)$W8/&!Tp!5
!^3!]$„3+!5!OB+8#!=6b3!4.f!78/&!^3!5!R!8/-$&,&!‡JQ!5!,'X+!5!j*p!M+!KB+4!)$ES!1$FQ+
!Dl6<3!jV+!5!‰63!,&!)$?-+!KJ*'Q+!5!R!8#$3!$E/C!‰63!).\!5!L!8#B$*9&!R!D38f!B4
!74.&!B+,na+!5!y_0!K5B!M+!D-$“!^-+!$C!)$?-+!M,bC!L!8/#+,&!,'3$<C!"\,V!=3$(!8X!B,z3
!5!=:4!‰-!5!R!8#+!78-4!=3!,C8E<3!"\,V!‰63!gB8z3!5!)$l3+!1$FQ+!).\!5!R!DQ
!!!L!8#+!"'X+8#!O+8h+!7,VM!74,(!=3!78V$?3!,C,V$|!"\,V!5+!)$W8/&!g,V$q3
!)$?-+!R!)$W8/&!8-$z0!!5!,-$<a!M+!5!K8#4,(!gB.{!=#$>z#!R!!B$*9&!5!…8#+!R!)+B4!,W+!5
!DQ+!74.&!4.E;3!"l#$/\!U-.f!)$*3!‰63!$C!='Q,-4!='?W!O.6;3!=C4+y'Q+!5!KB+MP!+B
!5!)$>6%3!g,x#!).\!+B!^<X4!KJ;'Q+!5!+B!s>f!K,*:4!kS.3!•*V!"(!R!K8#+!74,&!M$&
!A-B+.C!5!DQ+!vc$#!1$&!^-+!,(ˆ&!)$38z'3!B$Ff+!–!D9*#!D*0B!5!,l?:!"<6(!•,xC
!!!L!j<'?3!)P!j*>xC!,&!)$Z'XˆW
!D<-y0!,C45M!5!4,(!8-$?#!,*f$C!"'F:+!DQ+!r,xC!8#+!78-4!1+.{!"š#P!B4!,W+!R!"6<S!B4
!)$3,x&!5!DQ+!=h$&!,Z-4!’$*'m+!‰-!D9V!=:$_3!+B!•h.C!,W+!5!R!8*#$QB!8-$&!$w3$&!+B
!5!DF-B!=0+54!5!R!8X$&!t.<93!5!].Fz3!R!DxW!8-$F&2!"(!4+4!]$„3!‰63!L!4.<#!)+.C
!8/\,V!R!DQ+!K$S,&!s*lm!)58-+B$(2!DxW!L!8-$*#!"'X+ˆW!)P!=:+.m!B4!+B!DEFX!k€+.X
!s:$0!ž4+.m!5!DQ+!`S+B!)$?-,&!D#$-4!5!•8{!B4!$3+!DQ+!‰-4y#!"<V+,F&!5+!j{+
!78X!u<S!+B!5+!s6m!5!s60!5!DQ+!,CˆN$#!5+!,q#!$VB$(!kh+.0!B4!5L!4B+4!s?\!U*p!,'?*&
!Ž=X!u<S!$32!"*60!@+!=6{!=F/:+!]$h!•!,C+,N!DFz/3!54!^-M+!DQ+!D6*wN!O+8(!5!–!DQ
!1+.f!D*x*(!5!4B+4!=#+MB+!D*3,b3!D3+,(!+B!5+!K+B!,W+Ls60!=:+!s6m!^3!jwN+!Ž=X!=:+
!)P!,&!sV!j-5$C!,W+!R!8V4!,Ff!+B!‰63!)P!v-$zm!M+!R!8-$3,N!•?(!K5!,&!"<V+,&!,*F;C!5
!)P!‚J%&!,W+!5!R!8-P!OM}!)P!ˆ*x/C!5!$w3+!5!44,W!j-+M!DEFX!R!)$?-+!"(!8-.W!r+y3
!8Q$/X!.l*#!D#$*f!M+!Db*>#!5!8X$&!y*<3!jc$&!5!vm!)$*3!‰63!kh$i!K+B!8/(!=CB$X+
!)+8&!+B!,V4!5! ,\!8V4!]$„3!^-+!"(!Dh5!,V!5!R!D9*#!=6-$m!5!=;#$3!+B!5+!)$3,N!~$x#!5
!!!L!44,Z#!^l<3!…+B8'Q+
!!B8h!5!$wh!5+!)$3,x&!¥.W!74$E#
!!!L!8#4,(!^-M!$C!4.3,x&!5!83P!vN+.3!^%Q!^-+!+B!‰63
!!B+8*&!5+!sQM!44,Z#!"(!=ZC!‰FQ
!!BˆW!"'xf!s?\!D?p!,&!8X$&!¥,W+
!L!4.3,N!’+,N+!ua+.C!B4!DQ.*p!58&!).\!5L!DNB!s*lm!)58-+B$(!‰-4y/&!B.'93!5
!,W+!5!•!D9*\!).<*3!1$(B!s?_C!kS.32!DxW!5!4B5P!K$_&!DX+4!•By&!’,X!s*lm
!D38%&!)$34$f!"(!,C!v-}!)P!1+.>&!5!R!=383P!,a$m!7$WB8&!^3!K8#8*#$QB!=#$3,N
!!!L!8/-P
!!U-.f!B4!M+!$*3!)5,&!.?3!"_#B!.C
!!U-.f!,Q!,&!O54!=<V!s6h!.\!4.f!^3
!L!8-4!)+.C!=3!).-$<V!g,“!,&!s“!)$?#!5!Df$/X!)+.C!=3!…B$F3!7,?&!,&!,*•C!,i+!y*#!5
!O4./X!j-$V!M+5P!DxV!1+.f!K$/i+!B4!R!O4.&!"'f+4,p!='m+,'Q$&!KM5B2!DxW!‰63
!"(!O8-4!j-$V!1+.f!DxV!s'x%&!).\!)P!kz0,&!5!R!O8X!B+8*&!1+.f!M+!‰-,E&!"l#$/\
!D0$<S!L!8X!=3!78-4!K,Z-4!5!4,(!=3!"F6“!1+.f!M$&!5!R!4.&!=3!=V$F'#+!‰-,V!,i+,&
!5!g,*m!^-+!kS.3!5!8#4,(!…$/<EQ!K,*F;C!R!s'xW!M$&!)$?-+!$&!5!O8#+.%&!+B!"<V+,&
!).\!R!4,(!=N$?l'Q+!1+.f!=Z#.Z\!M+!s*lm!L!8'N+!=3!g8V$?3!"(!D?W!g,_a
!!!L!4,(!D9-$&!=<#!•?(!"x-$c!)P!$&!,Q!)P!5!R!4$'N+!.EQ!+B!‰632!DxW!L!4./?&!O$<C
!!!KB$&!)$ES!B4!DQ+!78-8p!"(
!!KB$(!,V!4,3!5!4,3!,V!B$(
!8#B+4!K$</VB!jz0!"#!"(!R!4.&!8#+.'#!^-+!D*6V+!+B!^*0J3!)P!"(!8X$&!B,z3!+B!‰63!K+B!5
!8-$&!=3!g$h8{!5!45yN+!8-$&!=3!=Z#$34$X!1+.f!^-8&!+B!‰63!5!L!,*W!^3+4!=/-4!"#!5
!^-+!^3!5!L!4.X!=3!78-4!D:54!j-$%3!5!g4$;Q!j-}4!,Q+,Q!"(!R!4.3,N!$-+8V!5!4+4
!5!R!OB+8&!B+.'Q+!K,eQ!)+,&83!)P!g8*l3!U*p!5!s-.WM$&!=N.'93!)P!j-5$C!D0$Q
!^<X4!8>h!U*p$C!8/X$&!B$(!^-+!K+,&!]4!‰-!)+B$Z'38f!5!™6%3!)$V+.f+.V!‰X}
!!!L!8/-$<#!=;Q!)$<>f!B8“!uN4!B4!5!8#.XM$&
!!!O.X!1P!^3!DQ+!UCP!.C!s>f!,W
!!!O.X!1+,w3!"z6m!4.X![,3!B5
!!!O.X!1$#!=3!uFc!4.X!jz0!B5
!!!O.X!1+.f!U':54!5!Oym!78-4!B4
!DQ+!78-4!74$'9-+!DQ+B!O4!,&!+B!)$?-+!"(! ,Q!=V$3!54!)P!"(!D9#P!$E&+.f!,*F;C
!jcB!8{B$E\!)+,&!4BP!j*p!54!5!R!8-P!‰63!‰-4y/&!"(!).-$<V!7$X!M+!8X$&!=:.QB
!8#83P!45,N!5+!U*p!5!8/'Q$%&!‰63!Tp!M+!"(!)P!5!–!8/#$'9*&!7$X4$p!U*p!B4!5!R!g.h$-
!7$X!8-54!=3!‰63!K$p!,&!"(!KB$3!)P!5!–!8#BP!"-8V!,_/6&!7$X!DES!M+!"(!8X$&!IQ+!54
!!!L!8'Q,N!K,*?<X!^*_<V
!!–!DQ+!B+.Q!UCP!,&!"(!=&P!)+M+
!j6l3!8/#+.f!)+.SB+!+,#P!"(!8X$&!"3$S!DQ4!‰-!4.:$*&!)+8&!+B!4.f!‰63!"(!).f!)P!5
!8*eQ!,'X+!)P!5!–!8/'Q,N!"#$f!"3$_&!D38f!5!"-8V!j*FQ!,&!)5,Q$(!D-}5!M+!,V+._&
!,Q!,&!"š#P!5!–!8#$Q,&!).-8(!7$X-!].QB!"(!8X$&¬!8*eQ!j*p!4.&!"'9?#!)+,&!‰63!"(
!D38f!U*p!4$S!7$X!"(!8X$&!=S$C!8*?NB4!=3!Ky*\!R!UCP!).\!R!7$X4$p!…B$F3
!+B!)P!8/\,V!R!DQ+!=V5,l3!sV.C!)+B4!4M!=3!‰63!,Q!,&!….#!"(!=“,3!5!–!8'Q,N
!+B!)P!8/\,V!–!DQ+!=V5,l3!sV.C!)+B4!4M!‰63!,Q!,&!….#!"(!=“,3!5!R!8/'Q,N!D38f
!!!L!8-P!74.<#!‹+,0+!Ky-y0!M+!"l#P!}P!R!4.&!8#+.'#!,'?*&!KB,a!+B!)P!5!K,i+
!DxE&!}.QB!"(!8X$&!)P!83P!78-4!g,(!DxE&!"š#P!5!R!‰63!K$E&+.f!j-5$C!"(!D9/-+
!5!D:54!g$Fi!5!$E'<;#!^-+!].>m!5!)$?-+!B.wb&!+B!‰63!5!R!8/QB!7$WB8&!$-+8V!$&!g,(
!5!8/-$&,&!B$WM5B!^-+!M+!5+!DN+B!5!]80!D/-M!"(!4$F3!5!L!4.&!=3,f!5!=3$(4$X!,<0!O+54
!!!L!8/-$?Z&!"#$3M!^-+!M+!5+!D:54!5!‰63!D*6m
!!!)$?-8#+!8&!78-4!5!,Q!4$&!"?*<V
!!,*C!"&!78*6f!=l-!5!o*'&!78-,&!=l-
!8X$F#!74.3MP!K8/34,f!$C!5!4B+8#!B+,Q+!O,b3!+B!)JV+$#!7$X4$p!"(!8c$&!jFz'93!B4!5
!)4,(!y*V,p!•Jc+,&!,V.W8&!5!…$&!=&!D9:$_3!M+!5!R!8-$3,x#!gB.?3!5+!$&!=<E3!B4
!!!L!8Q$/X!‹,N
!!!8:$#!=<V!).\!"(!^*&!+B!1P
!!B+.<V$#!^*?#!sV!M+!O4!‰-
!t+.#+!5!DQ+.f!$VBˆ0!s*lm!M+!5!R!4B+yW!,lX!5!4$'9-+!7M$C!4./X!1$&!^-+!‰63!).\
!M5B!R!4.<#!B$q'#+!+B!)}.QB!O58h!M5B!DxV!5!–!D?W!)$34$X!5!R!DX+4!=#+MB+!D3+,(
!DxW!5!8X!)$34$X!‰63!L!8#4B5P!U*p!$-+8V!4.&!74,(!gB$X+!s*lm!"(!"6<S!)P!,&!s'xV
!)+,-+!DzxX!5!=#$<QP!D<mB!,W!+5!R!O4,(!"a,0!)$?-,&!1+.f!"š#P!B4!O4.&!=qb32
!5!L!K8*?(!t$FC+!5!)+y-y0!"6<S!5!^3!…JE&!^*0J3!)P!gB$X+!DFh$0!K4.F#!Df4
!$VB$(!B4!5!B+4!y-y0!+B!)$zx?3!Dq0.3!5!)$>6%3!Db{$/3!8X$&!B$-!=:M+!g4$;Q!+,(,V
!!!L!4B+ˆZ#!u-$a!+B!’$*'m+!5!Oym!ua.3!5!8/l#!‹.f!,&8C!5!j3$C!M+!U*p
!B4!$-+8V!^-+!"(!8-$*#!.l*#2!DxW!5!!4B5P!Df4!)+,-+!5!!,9p!5!,*&4!5!,-M.&!K5B!Tp
!,nf!‹,;3!B4!"<V!R!"(!8-P!74.3,N!D<9h!$<X!)$*3!"(!,C!=:5+!)P!5!R!8#,&!$3!^-+yf
!BJ&!L!4.<#!O$<C!=;{!"i4$m!^-+!…B+8C!B4!"(!Df4!)+,-+!"{$f!R!8-4.&!74$'N+!•By&
!5!,<0!78-$N!+B!)P!5!8/#+4,W!,eQ!+B!^'?-.f!ž4+.m!B4!$C!8/X$&!)P!K+,&!M+!)$W8/&2!DxW
!jb3!)P!+B!)$W8/&!5!–!8X$&!v6;'3!)$358%3!]$Fh$&!B$(!~$x#!8/\,V!R!8#,<X!D:54!7,<i
!D9/-+!’,X!"(!R!8#.X!M$&!)$358%3!D<V!D6*Q5!=&!=<E3!D-$x(!U*p!"(!4.&!8#+.'#
!!!L!8/E#!)$*3!B4!^'?-.f!8X$&!].Fz3!+8N!g$h5!O$Z/V!B4!,W+!"(
!s?\!D6{!5!g8<b3!)+,&!8V4!DQ4!g,*Q!^-+!D3MJ3!5!8/(!KB$-!D%&!+B!=9(!,W+!5
!5!DQ5+!D&$&!g.9(!5!r$C!R!4.&!•By&!K,i+!B$(!^-+!B4!+B!"#$3M!"l63!$3+!R!DX+4!)+.'#
!DQ$f,&!4.f!5!–!8*#$QB!8-$&!K+,9&!54,V2!4.3,N!+B!5+!‰63!L!8-$?#!+B!)$W8/&!,Z-4!"'F:+
!!!L
!54!,V!"(!4.3,N!‰63!L!8#8X!,a$m!4.&!5+!"#M+.3!B4!"(!,Z-4!=3.h!5!Df4!)+,-+!Dh5!B4
!BJ&!B4!R!4.<#!,'E&!K5!s?\!B4!r$C!L!8/(!B$*'f+!+B!=l-5+!$C!4$E#!8-$&!Df4!)+,-+!U*p
!‰63!)$*3!^-+!B4!–!4,(!gB$X+!"3$_&!5+!R!8X$&!5+!1+.>'Q$&!4B+4,&!"š#P!$C!D9-,Z#
!78V$?3!Da5$x3!)P!+B!‰63!"(!Df$/?&!7B.'93!).\!L!4.3,N!=C$x':+!)$?-+!K.9&
!+B!4.f!s?\!BJ&!5!L!DNB!=CB5$?3!)$?-+!)$*3!"(!8&$*#!‚.h5!‰63!$C!DN,W,&!r$C!4$'N+
!B$&,V!D9-y&!]$Q!jE\!)+M+!Tp!5!L!4,(!gB$X+!s?š&!"(!8#+8#!7$X!$C!DX+ˆZ&!)$/š<V
!jz0!"#!,W+!5!L!48#.*e#!v*zb'&!^|!)P!$C!='N,W!Dx{!)P!,&!s?\!='NB!‰63!U*p!"(
!!!L!K8#4,F#!)$S!54!,V!K4.&!)M!=(,-M!5!,-M5
!D&.#!"(!=FX!L!,Z-4!O.h!‰-4y/&!‰-!5!='NB!Df4!)+,-+!‰-4y/&!kX!‰-!‰63!5
!vFc!5!83P!U*p!74$E#,Q,&!r$C!7B.'93!R!8*3+,f!$_#P!4$;*3!slb&!4.&!Df4!)+,-+!7,_m
!!!L!4$'9*&!‰63!U*p!5!DQ4!,&!—#,&!,p!^-BM
!!!"c,h!^3+4!M+!"'%-5PB4!‡5B!8{
!!¥.p!kX!"X.W!M+!"'%*Z#+,&!M5B!8{
!=3!^X5B!s?\!5+!]$<_&!5!DN$-!=3!='9#+.3!5+!gB5$b<&!5!4.3,N!=3!]5$/C!)+M+!‰63!5
!!!L!,>F:+!=N!8-y-!Ž$/9b:+!¢+,<:+!=:+!,q/:+2!OJ9:+!"*60!]$h!L!8*#+4,W
!!!L!DXˆW!)$?-,&!78*X.p!)+.“B+!"3$S!)P!5+![$F#+!)$*3!^-+!B4
!!!•:M!7BM!7BM!"<V!1P!).\
!!¥54!7,W!7,W!"<V!•:M!M5
!)$/0!DF“B!•8{!5!g.EX!g.h!5!R!8*?l&!O$;c!M+!DQ4!5!8#$<&!)+,*m!8-8&!+B!5+!‰63
!B4!K4.F#!k*>3!.C2!DxW!+B!Df4!)+,-+!7$Z#+5!R!4,(!,N+5!K$/i!K5,&!5!8'9&!K5!M+!‰:$<C
!vFc!$C!D%*Z#+,&!+B!5+!g,*“!’,N!8-8&![$F#+!]$<S!B4!‰63!g,*m!).\!L!r$C!B$*'f+
!)+B4!s*lm!"(!,*F;C!)P!5!R!8-54!5,N!5+!K.3!5!K5,&!"l#$/\!4,(!B$Q.Z#!7$X!,Q!,&!—#,&
!!!L!D?W!vzb3!sV!4.&!74,(!Ÿ-,;C
!^-+!5!Dh5!7$X4$p!,&!)+4$#!^-+!‚$x%'Q+!,Z/&2!DxW!+B!5+!5!8#8#+.%&!$C!4.3,N!+B!BJ&!‰63
!^-+!+B!5+!]$„3+!5!+B!5+!"(!8#+8&!$C!R!)y&!5+!)4,W!5!,&!.9l*&!$3!U*p!+B!5+!–!B$WM5B!=0+B
!!!L!s-BˆW!B4!)P!,Q!M+!5!s*-$3,N!$w“+!)+,&!$3!5!8//(!O+8h+!$E-,*:4!^*/\!,&!"(!8X$F#!)M5
!=#M!^-+!"(!R!D9*#!’,X!D0B$93!B$l3!^-+!B42!"(!8*?-8#+!4.f!$&!4B5P!)5,*&!+B!5+!BJ&
!"cB5!M+!T(!^-8/\!5+!K+B!^<-!5!Tx#!D(,F&!5!R!8F*l?#!K5!M+!‰63!5!DQ+!,*q#!=&
!8-$&!=xh.C!–!8-$3,N!KB$l#+!j*_;C!^-+!,&!‰63!"(!s'9*#!^<-+!5!R!8/'N$-!ƒJf!…JV
!,W+!5!R!8-P!j{$m!4$<m+!)+,&!+,3!5!4.&!K$S,&!)M!4BP!=#$<*?p!,W+!–!8-P!+8*p!K+,h!$C!4,(
!D;x/3!"Q!,&!,*f$C!^-+!B4!5!L!4.&!8V+.%#!Bˆ;'3!^'?(!8-$3,N!K4+8F'Q+!5!KB+,{+
!O.Q!5!–!5+!K$zF&!‰63!g,93!K,bC!O54!–!KB.#$S!K$z&+!g$&.„3!5!g$(,&!]5+2!O.X!M5,*p
!!!L!DQ+!j3$X!5+!g+,*f!"(!OB+ˆW!=h$&!+B!K+!"l63!./\!"(!Dl6<3!jV+!,&!=';x/3
!"(!4.3,N!5!4,&!"#$%&!K8#4,(!‰63!K+,Q!D38f!"(!OB$b3!M+!K+!"x-$c!$&!+B!5+!Tp
!5!4.:$*&!).%&!K,*?<X!5!L!8#,<X!OM}!D•:$F3!O+,(+!5!s*q;C!B4!5!8#B+4!7$Z#!’$*'m$&
!^-+!"l#+8/\!L!O4B5P!K$_&!‰63!)$3,N2!DxW!5!83PB4!,lx'3!=($/<“!).\!‰63!U*p
!5+!‡J{!5!jz0!5!]$<S!5!4,f!M+!5!¡!4.&!"'N$-!=/*l9C!s?f!5¡!8*QB!5+!u<9&!^%Q
!,Z-4!‰*&!=3+,&+!5!Ÿz#!5!44,W!,V$|!44,C!,i+!"(!DX+4!O,X5!D?W!B._#B!8*?-8#+,&
!5!D;S+,3!=&!5!R!8X$&!74B5P!K$_&!K,*f$C!"(!4.&!vi+5!5+!=#$'&!5!R!8-$<#+,N!4.f!M+!j>'3
!,-M5!).\!L!8#$<#!78*X.p!)+4$#!5!$#+4!•*V,&!"i4$m!^-+!=(M$#!"(!74B+yZ#!KB$(!$>z'Q+
!+B!"'XˆW!"(!R!4.&!8-$F#!…$/<“!+B!‰632!DxW!4,(!78V$?3!‰63!D*{$#!,&!D3+8#!D3J0
!B4!+B!DQ+B!K+B!5!8/(!B+y#!+B!^C!"?-8#+!5!s“!5!–!4B5P!)+.'#!M$&!+B!"'NB!5!DN$-!)+.'#!B4
!1$&!^-+!"(,V!5!–!8X$F#!)$/<X4!K4$X!5!)$'Q54!—#B!yS!758#+!j{$m!5!–!8/ZN+!)$>z#
!$w3$&!).\!R!5!8V8&!B.N,&!=:$„3!t.#!^-+!M+!"(!R!44,W!)$<W8&!‰63!B$h5!5!g$Fi!B4!4./?&
!,W+!5!L!DQ+!,{$h!)+M+!…B+8C!DQ4!"(!KB$(!"{$f!R!8-$3,N!B$E|+!=#$<*?p!DQ.*p
!!2!DxW!,-M5L.Z&2!DxW!L!s-.Z&!8X$&!]$m!^-+!v-}!"(!K+!"#$9N+!8X$&!)$3,N
!B4!5!DQ+!)$'9&$C2!DxW!,#!L!8//(,p!"#$f!$C!8#4B5P!sV+,N!"#+4!,C.F(!='xS!"(!8#+!74B5P
!^-8&!s*&$*#!Ky*\!U*&!$V+,b{!B4!"(!)$'93M!$C!s-B+4!7$Z#!"#+4!^-+!R! +,N!•60!DX4
!s#!)4.&!74$E/&!"(!7$Z#P!"#+4!5!L!8#8/W+,e&!5!4,(!•$xC+!^-,&!sV!74$3L!s*#+BˆW!B$WM5B
!=EC!8#5P!5!8X!‰?f!"#+4!4,(!,i+!)+B4!=3,W!5!83P!)$'9&$C!).\!L!8X!,p!8#5P!R!DX+4
!=#$'93M!"zx#!"S5!B4!^-+2!DxW!8-4!,'(8#+!"#+4!5!8*QB!M$&!).\!R!4.&!k-$“!,#!5!R!4.<#
!!!L!8X!K,eQ!$C!¥4M!=3!L!DX+8#!4.Q!Œ!O+!74B.%#Š!DxW!8/\,V!74$3!•!K4B.f!+,\!L!4.&
!DN$-!‚.h5!,#L!DNB!M$&!j{+!B+,z&!5!8*?(!s#!"#+4!8X!,C+.'3!$E#+B$&!"(!)$'93M!j>N!B4
!,CB+.X42!DxW!=3!5!8*:$#!=3!5!DN,W!DQ4!,&!KB+M!5!tyS!R!D9*\!)$>z#!kS.3!"(
!!!L!DX+4!8V+.%#!4.Q!=#$<*?p!"l#P
!L44,Z#!J'F3!,_V!M.9&!,C.F(!).š<V!$C!8/*F#!+5B!j*_;C!D-$l#!B4!"(!8-$&!jh$0!s*lm!5
!D6x“!]•3!5!]$m!`:$>3!B4!5!8-P!78-4!$VB$(!kh+.0!"(!D9#P!DQ$*(!5!•ˆm!78-$N!5
!jb3!B4!5!Dh.&!D:$<'Q+!).\!4BP!sV+,N!=WBy&!g+54+!"<V!=9(!,W+!"\!R!4.?#!78-M,&
!$VB$(!sC+.f!M+!5+!j3$C!"(!D9#P!vN.3!7$X4$p!5L!8#$3!7,E&!=&!)P!uN$/3!M+!8V8#!DQ4
!B$„-+!5!KB+MP!s(!B$*'f$&!D<E#!5!R!44,W!‘*b3!]$<0+!,f+5$&!5+!g,*>&!,q#!5!L!8-$*#!,{$h
!!!L!8-$<#!t$<'Q+!+B!`{$#!)$W8/&!^%Q!R!5!4B+4!‚5,>3!KB$(.l#
!!!8-$&!)45yN!‰*#!5!^'Q$(8&
!!!8-$&!)45B4!D?(!=<V!"(!+,-M
!^-+!)4./X!M+!5!DQ+!jz'93!U-.f!kh$i!g,lN!5!k-${!K+B!"&!‰63!"(!D93.6;3!5
!DQ8&!5!L!4.&!8#+.'#!g4$;Q!O$E:+!5!D:54!^*z6'&!yS!8V4!"(!]$„3!,V!5!R!=/•'93!g$V,C
!K$*:5+!•.zm!M+!=w;&!,Z3!L!8#,<X!OM}!1$/c+!`-$>#!,-,zC!B4!"(!DQ+!^*<V!)$W8/&
!5!ƒ$f!K$E#$&M!"(!8/*&!‰63!K+B!,W+2!"(!8#+4,W!=3!B,z3!B8h!^-+!78/&!5!L!8QB!+4$&!s;#
!!!L!)$-.S!+B!5+!K$E:4!5!8X$&!)$-.W!+B!5+!K$/i!O$0
!!¥$&!4$-,N!8>z3!4y*f!4$-,N!$_(,V
!!¥$&!4+4!1$'NP!,'9W!O.6q3!,&!"-$Q
!g,lN!^-8/\!)M!‰-!K+,&!$C!DNB!)+8&!.6“!^-+!5!R!DQ+!=/•'93!Dq0.3!^-M+!7$X!5
!)+M+!5!8#$3M$&!8#+!K+,Q!D38f!B4!"(!)M!B+yV!74M+54!u'<C!M+!"(!R!8V8#!7+B!…B$F3!,*<w&
!!!L!8-$*#!j{$m!K+!78-$N
!,&!s?f!]$m!B4!"(!"<6(!‰*&2!DxW!R!8*Q,'&!)M!…JV!M+!4./?&!j>N!^-+!‰63!).\
!]$m!v-}!"l#$/\!)+B4!5!R!K8*#+4,W!jc$&!+B!,*q#!=&!Tx#!5!K4,(!v6;C!DNB!$3!)$&M
!"(!8#+B!œx:!,&!gB$F0!^-+!K$/i+!B4!•!K4B5$*#!K$_&!='F„C!5!=63$C!4.&!8#+.C!)$b{$#
!"'9&!5!758#+!,*Q+!"?*<V!^C!542!DxW!,-M5!L!Df4!)+,-+!…JE&!O8X!…$/V58#+!D%Q2
!R!gB8h!]$m!B4!"l#P!,Z-4!5!–!4B+4!‚5,>3!KB+4,(!8F&!D<E#!"l#P!=l-!2!8/X$&!s“
!5!8V4!DQ4!…8#+!+B!)$?-+!$*#8&!D<;#!u'<C!5!D:54!g83!R!4,<?#!‹,N!)4,(!=-.l*#
!!!L!B$*9&!g,fP!B4!g,9m!5!s“
!K8&!5!=l*#!"l#P!=l-2!8-yW!8-$&!KB54!^C!54!M+«2!DxW!L!DQB4!5!B54!.C!M+2!DxW!‰63
!M+!+B!¥.W!5!O+,m!,q#!M+!+B!s?\!"l#P!,Z-4!5!R!4BP!B$l#+!+B!=Fz0!1$z0!5!4B+8/p!)$9l-
!M$&!+ˆ-+!5!89m!5!ƒ,m!"?-8#+!M+!+B!]4!5!R!D9-$X$#!M+!+B!r,N!5!DF*“!5!UbN!5!t$<Q
!!!L!DX+4!8#+.C
!=V$X4$p!2!4.&!8/#+.'#!g,*Q!^-+!,&!^C!"Q2!DxW¤BJ&!K+!R!K4,3!1+.S!,a$m2!DxW!‰63
!5!"'f$Q!U-.f!DxS!K+,&!"(!)M!5!L!8V4!D(,X!+B!D*0B!5!,?l:!U-.f!,-$f~!B4!"(
!!L!8X$&!"'Q+BP!v*N.'&!5+!]$<0+!"(!=<:$0!5!R!8-P!74$3P
!DQB4!^C!54!,&!KB._#B!Dx{2!DxW!¤BJ&!K+!R!+,3!.C!D-y;C!8*#+4,W!B._#B2!DxW!‰63
!5!O$;#+!5!R!O+,(+!DQ4!"(!]$<S!$&!)M!K.X!5!–!,F%3!DXM!,q/3!.l*#!IQ+!B+.Q!L!8-P
!!!L!4./X!+yQ$#!K5!M+!"'Q.*p!R!4B+8#!5+!8E;C
!u-$a!^C!"Q!=;Q2!DxWL"S.'3!vm!=&!u-$a!=;9&!K4,(!…JV!+B!"l632!DxW!‰63
!5!4B+4!uxC,3!"3$S!D<V!"(!KBM$W!5!–!8/(!K,W!"?*X!5!8X.p!8*eQ!K+!"3$S!"l#P2!8X$&
!!L!4B+ˆW!,xQ!B4!,<0!5!8/-yW!…4.(5!.l*#!)M!"(!=#$WBM$&!5!–!8'9-+!1P!B4!M5B!"<V
!8/#+.C!D63$;3!^-+!)$-$X!^C!542!DxW!L!45B!D•:$F3!.C!k-ˆ;C!B4!"(!KB+5+yQ2!DxW!‰63
!5!8/(!‡$b:+!)$34,3!$&!]+.Q!B4!"l#P!,Z-4!–!8-$3,N!D&.z0!+B!7$/W!=&!"l#P!=l-2!)4.&
!!!L!4./?#!8/-.W!KBˆ0!,W+
!^C!"Q2!DxWLD9\!.C!,&!Dm$h5!g.9(!5!8-P!=3!DQB4!.C!,&!DV$xQ!Dx{2!DxW!‰63
!K5!,&!"#$f!$C!4B+ˆW!=3!"#$f!B4!"X+,C!5!8X+,C!1.\!"(!K,W45B42!8/X$&!D<Q!^-+!D&$&
!M+!5!8#+4,W!=3!‡5,_3!)$34,3!,Q!R!4B+8#!=CB$E3!U-.f!B$(!B4!"(!=NJm!5!–!4.X!Y/C
!5!jV$&!5!8'N+!^<X4!DQ8&!5+!]$3!5!8/(!O$z3!D&,“!B4!"(!K,Z#+.C!5!–!8#$3!O5,b3!g,S+
!!L8Q,#!8#M,N
!8/&$*#!5!8#,&!Ky*\!K5MBP!^C!"Q2!DxW!L!8X$&!=3!Df4!)+,-+!B+8-4!K5MBP2DxW!‰63
!5!–!8/(!uh.C!g5,3!1$b{+!K$/i!"(!=6*%&!5!!–!4B+4!s?\!)$b6>3!1+.i!"(!K89x32
!$&!5+!K$S!"(!8X$&!U#P!=/<C!5!4y*%#,&!89m!5!ƒ,m!5!kw“!5!g.EX,Q!M+!"(!=6V$S
!!L!4.&!,&+,&!)+4,3!‰*#!K$S
!B4!"l#P2!8#B+4!—#B!B4!+B!4.f!^C!"Q2!DxWL!O+!78/ZN+!—#B!^-+!B4!+B!4.f!^32!DxW!‰63
!$&B!"S5!M+!]$3!"(!žB+5!=&!™-,m!)$WBM$&!5!–!8&$-!)+,W!=<fM!$C!4B+ˆW5,N!+B!4.f!‚$>3
!)M!"(!K,*p!!5!–!8#$3!=h$&!]$&5!R!4.X!K,eQ!K8Q$m!8>z&!7$W$#!–!8/(!=3!4,W!O+,m!5
!=3!B.>z3!•,3!=/<C!,&!D<E#!5+!M.Q!M+!5!4./X!=3!K4,Q!K5!M5B!,V!R!8V+.f!B$l&$#
!!!L!8X$&!)+B4!5+!…JV!,fP!5!8#+4,W
!DxW¤K,<X!=3!y-$S!^%Q!^-+!4B+yW!"(!s*-$<#!=3!,*zm!‰*#!.C!s?\!B4!$32!DxW!‰63
!)$358%3!Da5$x3!14+!"(!^%Q! +,N!78/&2!8-$<#!‰FQ!"x-$c!"Q!s?\!B4!O58%32
!sV!O58%3!5!R!8X$&!,&+,&!)$?-+!$&!O$X!5!DX$\!5!D9?#!5!DQ$f!B4!7$Z*&!5!7$W!5!8#+8#
!,&!=6'93!^€$f!78/&!5!L!,E&!=&!DQ$*Q!g.%#!5!D:y/3!D;NB!M+!5!R!¥$bN!5!DQ54!‡+y3
!8/(!gB.{!=#$bSB!+B!4.f!5!R!4BˆWB4!O58%3!]$3!M+!5+!]$3!g8<&!"l#$/\!R!O58%3!]+.3+
!,&!)$?-+!Dn:$%<&!5!8-$&!4$<'0+!D:y/3!R!•$zb'Q+!=&!O58%3!O,m!B4!"(!K+!78/&!5!–
!!L!4.X!B5,•3!)+8&!5!44,W!•h+5!B+,Q+
!^-8&!^C!"Q2!DxW!¤BJ&!K+!Rs'N$-!‚,93!K,Q!‰FQ!5!u*w3!='Q4!4$&!+,C2!DxW!‰63
!R!8-$<#!Ÿ-,bC!s60!k6c!,&!5!8#+.f!DQ+B!7+,&!+B!"*xQ!jV$S!"l#P!L!4.&!8/#+.C!R!kC$;3
!"l#P!5!–!8V8#!78-$N!D3+8#!5!4./X!+yQ$#!=9&!K5!M+!D?W!,Eq'93!jV$S!"l#+8/\
!L!4B+4!O,b3!B+,Q+!B4!5!8#+4,W!=:.'93!^'?-.f!,&!jb3!B4!"#!•:$'&!+B!DFh$0!=&!=z<m+
!)8-yW!D?Z#+!5!4.X!=3!D:+.m!K.&!K,l/3!5!8/(!=3!D-+5B!=“5B4!K5!M+!D0$Q!,V
!B.(ˆ3!œz*C!5!‰:$<'&!U-.f!M+B!)$<'(!B4!"(!8-.W!=9(!$&!,Q!"l#P!5!R!4,*Z#!DQ4
!!L!8X$F#
!5!g$(,b&!^C!"Q!Dxf!5!jES2DxW!L!s'N,W!j*:4!.C!‰'EC!,&!B$(!^-8&!2!DxW!‰63
!)$*3!+B!"'f$/X$#!5!8E#!D;-45!=F/S+!DQ8&!+B!4.f!]$3!"l#P2!44,W!,V$|!)$?-+!g$/lQ
!5!)$'Q54!•:$C!5!]$3!k9(!5!,F{!5!D0$_X!K.04!"l#P!5!–!4M$Q!slm!s>f!5!4.f
!5!)$/<X4!,Eh!Dh5!5!)+,Z#+.C!)$*3!5!DFl#!O$Z/V!5!Y/S!M5B!+B!)P!5!8/(!]$<0+!‘Fa
!=#$<9S!K$V5MBP!M+!^3Š!8-.W!"l#P!5!R!4B5P!8#+.'#!=#$V,&!)$V$X4$p!,&!J*'Q+!D{,x&
!"6Fh!5!8X$&!+.V!7,%Q!]+.m+!"<V!B4!5!ŒL!DQ+!B.>z3!=#$m5B!gˆ:!,&!^3!]$Fh+!5!O+![B$N
!!!L!8Q$/X!+B!g.EX!5!s?f!O$lm+
!‹,0!)$34,3!,&!4.f!B5y35!7.<3!D-$x(!5!=/(!^*z6C!‰63!+B$3!$C!=V+.f!=32DxW!‰63
!=&,n32!8/X$&!D:$ES!O$z3!B4!M./V!5!8#B+4!gB$E3!)$<W!4.f!,&!^C!"Q2!DxW!•=V4
!R!s&!5!,-M!—-y<C!5!R!4y*3$*#!5!4M$9#!)+B•-!)$b:+!5!M$Q$&!5+!"<fM!8X.(!8/\,V!"(!M.3P.#
!Y#B!5!48#.*p!K,W!gB.{!K.04!"(!D&,_C!=&!¥$z#!5!R!8Q$/?#!]5y#!5!4.;{!B4!R!,&+,&
!=<E3!‹,;3!B4!).\!5!8#M!KB+yWB$(!‚}!jN$b3!B4!"(!"-$3!=&!=f.X!5!–!8#+8#!Ky*3P
!!!L!8V+.f!"'xQ!"#.Z\!5!8/\!B4!)$'Q4!,-M!M+!8-P
!8//(!t,X!$VB$(!B4!vm$/&!^C!"Q2!DxW!¤BJ&!K+!R!+B!Df4!)+,-+!='?(!vm$/&2!DxW!‰63
!B4$h!s?f,&!"(!=6V$(!5!R!8#$Q,#!v*zb'&!+B!].h!5!j;N!5!R!8/(!B$*9&![5B4!•6>C!"l#P2
!‰63!L!8V4!tJc+!•By&!K$VB$(!B4!"{$f!s-+y0!,&!+B!=9(,V!"(!=V$X4$p!5!–!8X$F#
!)P2!DQ+!4.E;3!T(B$E\!,&!=FS.3!=&!d+,V!"F6“2!DxW!¤BJ&!K+!L!s*#$Q,C!.C!M+!$32DxW
!M+!5!R!8'N+!K5!,&!)$<QP!"š#P!M+!8Q,C!=3!5!8X$&!"'9?#!‰-B$&! $X!,&!"(!4,f!=“,3
!,&!4.f!s9S!=#+,W!K+,&!M+!K$p!54,V!"(!Y/6(!5!R!4B+4!=3!+.V!B4!K$p!)P!uN4!K+,&
!M5B!"(!¥$xf!5!R!8#$<#!"š#P!M+!)$Q,C!5+!5!DQ+!…$f!5+!K+ˆ“!"(!=3,(!5!R!8E/#!^*3M
!d.Fb3!5!O+4!,*Q+!)$“,3!,Z-4!).š<V!5!8#4,Z#!).'x3!5+!]$<_&!)$34,3!$C!8-$*#!)5,*&
!!!L!4.?#!™xh
!^C!542!DxW!L!Df4!)+,-+!8zx&!4,(!8-$&!45B8p!+B!U*0!=3,f!5!]4!Dm+B2!DxW!‰63
!=-.f8&!5!R!44,W!J'F3!)JV$S!DFb>&!"(!=6h$02!8/X$&!k*>#!=&!=3$(4$X!M+!"?*<V
!!!L!8&$*#!ƒJf!j-5$C!•*E&!4.f!78-8/9p$#!•Jf+!M+!"(
!=#$;3!^-8&!T(B$E\2!DxW!¤BJ&!K+!R!=Q$/X!=<#!8&!M+!‰*#!5!7y&!M+!4y32!DxW!‰63
!5!R!4M+4,e#!,Z-4!K+!"?-8#$&!5!8X$&!J'F3!j-$V!='60!5!s-+4!K4B8&!"l#P2!8#4,Z#!‘*b3
!B+MB$(!B4!t$_X!^<X4!$&!"l#P!5!–!8'N+!B$Z3$(!O58%3!"ES+.3!B4!"(!B$(!7$/W!^€$f!78/&
!4.f!M+!=<:$|!DQ4!B4!"(!…$&!=&!KB$W!s'Q!5!–!4.X!unz/3!B$(!=3$<C!M+!5+!^V~!5!8-P
!!!L!8/*?/&!•By&!K$VJ&!B$q'#+!B4!5!8#$3B4!,C!K.h
!5!B.S!"l#P2!8-$<#!$F-M!+B!^C!B$E\!•{5!^-+2!DxW!¤K4,(!sW!+B!$E*l*#!"<V2!DxW!‰63
!5!R!4,*W!•:+!)+4M4!$&!"l#P!5!–!8X$&!k_;3!U-.f!K+B!"&!"l#P!5!–!4,<X!D6*wN!+B!B.EC
!!L!8-+,W!$aB!,-4!5!s?f!B4!45M!"l#P
!slb'93!T(B$Eš&!)+8/34,f!Dzi2!DxW!¤!BJ&!K+!R!4.&!8-$?#!vi+5!.'&2!DxW!‰63
!!!L!D#$-4!=&!=<($m!5!R!D<mB!=&!=V$X4$p!5!–!"/Q,W!K44!5!–!"'xXP!KB$32!44,Z#
!5!`6>32!DQ+!Bˆ;'3!y*\B$E\!Dn:$%32!DxW!L!DQ+!O+,m!$3!,&!.C!Dn:$%32!DxW!‰63
!!!L!kX!5!M5B!–!D<6|!5!B.#!–!,*X!5!,*f!5!89x3
!K4M42!4.&!8#+.'#!4$<'0+!D*6V+!+B!T(B$E\2!DxW!L!DQ$f,&!.C!M+!$3!4$<'0+2!DxW!‰63
!!L)+4$#!=6z0!…8#+!–!74BMP!¥$bN!–!"F/'Q!s?m!–!sb'z3
!Df4!)+,-+!B+8-4!^3!K$V4B4!,Z-4!)$3B4!"(!D9'-$E#!=&!)+8&!^3!—#B2!DxW!‰63
!)4B.f!s“!)$#M!t.#!—/p!DES!M+2!DxWL!s/*&!=<#!$xX!+B!Df4!)+,-+!•+,N!4B4!5!K4.&
!$#+4!"l#P!5!–!u-$X!=N$x0!5!v-+B!=:$<S!5!4B+4!•-,X!g+~!5!s-,(!=6{+!"l#P2!DQ+!‡$F3
!DxS!DF*“!5!B.wm!5!4M,&!Db*>#!1+.&+!"<V!B4!"l#P!5!–!8X$&!]8l-!5!™6%3!5!B$&4,&5
!"l#P!5!–!4M$Q!B$;X!+B!4$*z#+!5!DzN+.3!,X!5!,*f!5!8&!5!‰*#!B4!"l#P!5!–!4B+ˆZ#!D-$0B!=&
!!!L!8'N+!g8V$?3!5+!DFb{!B4!B$*9&!D;x/3
!DxW!L!s*V4!]$3!+B!5+!=/<C!M+!g4$-M!8#$QBM$&!$<&!+B!Df4!)+,-+!=9(!,W+2!DxW!‰63
!,-M!"l#P!5!–!8/(!g,S+!K+,&!Y/S!"l#P2!DQ+!,Cy-y0!)$S!M+!^C!B$E\!‰-4y#!]$32
!)4$;3!B4!"l#P!5!–!8/(!$-B4!=#$WB+M$&!"l#P!5!–!4,*W!—<Q!"#$Z#+4!K+,&!)+,W!K$VB+.-4
!!L8'9-+!B54y3
!sV,3!+B!)P!,V4!•n:!5! ,\!vN,&!"(!8X!^l<'3!='m+,S!.C!M+!$3!]4!B42!DxW!‰63
!"&,W!–!5!U*3!5!•,W!2!DQ+!B.>'3!v-,c!^-+!,&!T(B$E\!)$*3!g5+802!DxW!L!4,(!)+.'#
!!L[+M!5!O.&!–!5!r+B4!5!M$&!–5!¥.3!5
!O.Q.3!k*0!^-8&!^C!DxV2!DxW!LK4,(!7$FC!,<0!"<V!D38f!R!1$lCB+!^-8&2!DxW!‰63
!5!jV$(!78/&!"(!=V$X4$p!5!–!8/(!jc$&!D-~+5!D/<&!+B!4.f!g5,3!5!)$9m+!"l#P2!8#+
!KB4$3!5!–!8&,š&!5+!g,F3!,&!5+!D&.z0!"(!K.f!DXB4!K,'E3!5!–!8/(!D*&,C!+B!)M![5B4
!+B!B$l3!8E08&!"(!=%Q!K4,3!4+MP!5!–!8-$<#!D•:$F3!•$0!8#M,N!8E;C!B4!"(!vx?3
!M+!+B!)+8V+M!"l#P!5!–!8/(!,%N!)$'Q54!DxW!8F&!"l#P!5!–!4B+8/p!8<';3!U-.f!D;-45,&
!jc$&2!DxW!‰63!L!4B+8&!)$9l-!)$?-+!vm!B4!^c$&5!,V$|!5!4,<?#!OM}!]JS+!g8*z0
!jc$&!+B!74.'Q!‚${5+!"<V!y*\!—/p2!DxW!L!5+!^'?l&!+B!Df4!)+,-+!]$<S!K8*#+4,W
!8-$<#!+,N!jES!D•*{!B4!+B!5+!s60!5!8V4!"a,0!‰'EC!d$F:!B4!+B!4,3!s6m!s?f2!8#+4,W
!–!4B$eQ!$/x&!+B!Tx#!$EN$>3!B4!s-+4!B+MB$(!–!8/(!B+y#!+B!^C!5!8#$X.e&!+B!jz0!s“!–
!!!L!8/(!y*\$#!+B!)+B.#$S!=Z/?C!5!=Z/Q,W
!T(!UX!$&!+B!)+8/34,f2DxW¤BJ&!K+!R!8#$<#!KB$(!^-M+!Tp!.C!$&!+B!$32DxW!‰63
!4,f!5!–!DQ+!jc$0!s60!"-+,*p!M+!"(!8/(!=9(!$&!gB.?3!"l#P!=l-2!4.&!8#+.'#!=-$/XP
!5!R!8-$<#!1$_0+!4.f!K+B!"&!"(!=#M![5B4!5!–!8-P!Y/C!=#$Z-$X!K$VB$(!M+!"(!K+!"6{.m
!5!–!8/(!B$*'f+!DQ4!B54!,xQ!"(!=x*;a!5!!–!8E#!`*S,C!Tx#,&!+B!]$3!"(!=>-,m
!!L48/9e#!5+!g,*Q!O58%3!5!4$'Q+!"(!=/*&!^'?-.f
!R!Y/SB4!+B!t$_X!=l-2!74.3MP!8-$?&!+B!^C!742!DxW¤BJ&!K+!R!K4.&!"&!74.3MP$#!.C2!DxW
!DQ54!5!–!1$9m!B4!+B!)$WBM$&!5!R!g,_a!B4!+B!O58%3!5!–!KMB5$?(!B4!+B!,WM,&!=l-!5
!=?-5B4!B4!+B!74M!"h$N!–!1+.i!M+,m+!B4!+B!8V+M!R!DFl#!O$-+!B4!+B!jV+!5!DS$m!Dh5!B4!+B
!!!L!KB+4!^'?-.f!B4!gB8h!,Q!M+!DxW!)$#M!5!]$3!…,'&!"(!+B!=9(!5!–!D<-y0!‡J>&
!4.f!$&!5!8X!¥.3$f!BJ&!8-8&!‰63!7,?&!B4!,*•C!,i+!5!8*QB!$_/-+!"&!^%Q!).\
!!2!8*?-8#+
!!L!4BˆW!B4!s“!D&.#!,W+!DQ+!Dh5
!DQ+!78*QB!]$<l&!•$*'X+!"(!R!s#+4,W!)$34$X!Df4!)+,-+!B+8-8&!+B!‰63!"(!DQ+!Dh5
!!2!DxW!7$Z#+5!L!O4,(!4+,-+!^3!"(!‚$9xQ!5!¦+¦!^-8/\!,&!4.3,N!=a$<“+!s*q0!y*#!5!–
!M+!DQ+!78*QB!$<&!"š#P!B4!5!s#+4!=<#!K,*q#!+B!5+!^*3M!K5B!B4!¤4$&!M+B4!‰63!=#$W8#M
!D9f!5!B8h!gB$zm!$&!"(!R!4.&!8V+.%#!sV!s:$0!,<0!,fP!$C!5!R!DQ+!74+8#!)$?#!A-B+.C
!R!O4$E#!=3!)5,*&!U-.f!7M+8#+!M+!O8h!5!O8#+B!=3! +,N!^%Q!"6<S!)P!,&!U-.f!D:y/3
!"'Q+BP!D/*lQ!5!s6m!]$<_&!)$/\!5+!B+.WBy&!g+~!L!D?Z#!k:$“!‰63!,&!=<?f!"'F:+
!5+!.x0!k#$S!R!5!D-$E#!=&!5+!s60!Dn9&!5!s6m!]$<S!5!R!=6b'3!B$h5!5!,F{!D/-y&!5!DQ+
!L!u-$X!5+!DN+B!5!KB+MP!s(!B$iP!5!–!!j3$X!+B!)$34,3!=Z6<S!5+!g+,*f!R!5!8E<3!+B!)$W8/&
!=w;&!"(!4.X!uh+5!K+!"i4$m!,V4!‚,>C!M+!5!44,W!]M$#!=-J&! ,\!¥4,W!M+!,W+5
!5+!1$/S!5!R!8-4!8#+.'#!…$/<“!+B!‰63!T(!•*V!)+B4!8#+4,W!™•/3!+B!=#$<QP!K$E'<;#
!+B!$aB!R!5!8V4!Da$-B!8-+8X!"<V!B4!+B!s-,(!Tx#!R!5!8X$&!7y/3!v6h!5!tyS!D<{5!M+
!5!)$l3+!1$FQ+!5!DQ+!j{$m!J;'Q+!5!J*'Q+!]$<(!"l#P!$&!R!8Q$/X!Ÿ-+,N!M+!$wz&
!!!M$&!5!R!DQ+!Dh$*Q!^-+!,&!™6%3!)$W8/&!vm!B4!"#$l63!‹$<“+!5!M5$_C!,V$|!R!gB8z3
!5!R!8//(!B$E|+!K4,<C!5!=C.%#!…8#+!,W+!8#B+4!g+8:!jb3!B4!^'?-.f!"(!='0$<S
!‰-,;C5!s-8zC!B4!R!4.X!8/#$3!"#M+.3!5!"aB$;<&!"(!8/-$<#+,N!Ky*\!`-,>C!5!`-.6'&
!5!,l?:!5!O$0!5!ƒ$f!5!L!8/(!$w'h+!=V$X4$p!DF*V!5!gy0!"(!45B!D•:$F3!)P!)$?-+
!!!L!8/(!g8V$?3!)P!4$*z#+!5!y_0!M+!+B!D*0B
!!!D_b&!.C!8X$&!.C!s>f!‰6N! ,\,W
!!!=-P,&!5!]$m!"<E&!=X.l&! ,\!$&
!’,N!5!D<V!.60!B.f+,N!O$;#+!5!O+,(+!B4!8#4B5P!‘%&!,Q!5!8#8-8&!gB8h!^-+!).\!5
!)+8&!R!….63!,i•3!DQ,EN!5!)$ES!,f$x3!A-B$C!"(!8-P!=3!74.3,N!’+,N+!)P!R!g4$*Q
!!!L!8#$3!=h$&!B$WM5B!K5B!,&!)P!,(~!5!44,W!"'Q+BP
!t$<'Q+!DNB!^3!œx:!,&!"(!+B!$&$b3!=&!)$/%Q!4$'N+!,-,zC!"(!B+8'h+!5!KB$Z3$(!)P!$&
!B4!78/&!5!,a$m!)+,&!,*?<X!•!4B+yW!8#+.C!,lX!+B!Dxc$0!^-+!78/&!O+8(!R!4.3,N!=#+MB+
!5!•4,(!)+.C!gB.{!1$_m!"\!‰63!O,(!5!s6m!yS!+B!DQ$*Q!sQB!D3$h+!R!‘9FC!O$z3
!"(!R!8X$&!k*>3!5!vb3!8-$3,N!='&.z0!,W+!5!OBP!=3!‚+,'0+!U-.f!7$/Z&!78/&!^3
!^-+!].V!5!O$z3!^-+!s*&!M+!5!R!O+!74,<X!y-$S!,*f$C!R!)$3,N!K$w3+!B4!5!O+!74,(!=-$nf
!!!L!DQ+!K$S,&!)$ES!"l63!"(!s-$<#!=3!M$&!5!R!78*?-8#+M$&!1$nf
!5!r$E'&+!5!‡,N!j-}4!5!R!D?W!k:$“!K5!,&!’$?#!5!K4$X!4./?&!"<6(!^-+!‰63!"l#+8/\
!!!L!D?W!,V$|!5+!…B$F3!"*{$#!B4!‡$*CB+!5!g,93!j-$%3
!!U-.f!]4!4+,3!5!4.>z3!"'N$-!s/3!^-+
!!•U-.f!R!D:54!$&!5!"#$Z*&!78X!ž4+.m!M+
!=3!.C!Db{$/3!5!ƒJf+!•8{!"(!4.&!)P!DQ$*Q!j-$m!5!‘%Q!u#$32!"(!4.3,N!Tp!5
!t$n'Q+!5!D;S+,3!M+!Tp!5!=/(!=xh.C!R!]$„3!)P!K$w3+!B4!"(!s'9#+4!=3!5!s'f$/X
!sV!8m!^-+$C!)P!1+ˆ0!4.&!•By&!"\,W+!Df4!)+,-+!.EQ!"(!R!K8#.*e&!=0,X!)+B4
!D<-y0!B+,h!"(!='Q+.f!=3!"\!D9*#!)+5$C!Da5$x3!^-+!B4!R!BJ&!K+!.C!,&!!5!R!D9-$?#
!5!4,f!Oym!^-8&!R!=E#!B$(!B4!O8h!O$<C!=#$zC$&!5!=Q$/?&!‹,0!)P!,*f$C!5!s-8zC!B4!$3
!)+B4!.C!D38f!5!45yx*&!.C!D0$c!5!=W8/&!‰*#!,&!4$<'0+!5!D?W!,C!74.3MP!.C!DN$>m
!8-$&!B$Z'38f!5!R!s-B+4!=#+MB+!,C$/E3!"\,V!)P!g,<i!5!DN$-!,C!78-8/9p!"\,V!=;h.3
!"(!8#+!"'xW!DQ+B!5!R!44,W!78-$N!^<w'3!5+!O+8%'Q+!$C!8X$&!=6b'3!Oym!5!B$h5!B.-y&!"(
!!L!t4!5+!4.;&!sm+M2
!!D9':54!^>m!)$(!.C!Oym!B$>m!U*p
!!=h8/%&!4B$*#!Y/Q!‘*b3!,b&
!5!8*#$QB!Df4!)+,-$&!gBˆ;3!5!K8/35MBP!)+5+,N!$&!$3!UQ,p!5!DNB!8-$F&!D0$Q!^-+
!!2!DxW
!!)54,W!4.&!7$3!=&!T6_3!.C!D;6c!=&
!!!)$'9&!4.&!5,Q!=&!R!)+8*3!.C!D3$h!=&
!O$<C!DQ+!"'?W!7M$C!5+!g$*b&!"(!$3!4+8'0+!5!D_E&!5!8-$F&!,C45M!$C!4.<#!8-$&!j*_;C!5
!O,f!T6_3!$C!s*V4!]$„3!5!s*3+,f!D6{+.3!"6_b&!DhB$x3!7,_m!M+!y*#$3!5!R!8#+4,W
!!!L!8#B$*&!5!8/-+B$*&
!!•C!M+!)$zX$0!7P!.\!"(!=3!)+M
!!!+B!•B5M!1P!,&!8/(!D?Z#+
!!!L!D9*#!44,C!D<-y0!^-+!K$w3+!B4!5!D9/*<V!1+.{2!DxW!BJ&
!!!R!8?(!=3!$E<“!"(!U(!=3
!!R!8?(!K5!)+4,3!758#+
!!8?(!=(!s'QB!7+B!B4
!!•!s'Q5B!B$&!UfB!yS
!!2!DxW!5!DNB!Df4!)+,-+!‰-4y/&!5!83P!)5,*&!Tp
!!!83P,&!4+,3!5!8X!R!…B$F3!M5B
!!83PB4!B$WM5B!]$Fh+!.\!M$&
!R!D38%&!78*_*9p!5!"'f$Q!B.N,&!7B.'93L8*#$Q,&!sE&!B.wm!]$„3!5!ƒJf!gB$?&!5
!,lX2!DxW!5!8*Q.F&!^*3M!Df4!)+,-+!TpL!8#83PB4!‰63!U*p!sE&!54!,V!5!DN$'X
!5!DN+B!5!s6m!]$<l&!BJ&!,W+!5!•!4B+yW!s#+.C!"#.Z\!4.3,N!"(!U-$?%&!^-+!,&!+B!7$X4$p
!L!4,(!='QB$*#!j3$C!5!=#$C!)P!yW,V!='X+8#!slb'93!Dzi!"#$l63!D<mB!5!O,(!’,N
!O+!74.&!vi+5!.C!Db{$/<&!"?*<V!^3!5!R!K8*#+4,W!"S.'3!='/3!•By&2!DxW!+B!BJ&!‰63
!.C!)$3,N!5!DQ+!74$?W!$3!Dl6<3!B4!.C!DQ4!"(!¥$&!]4!K.h!LD?W!g4$-M!M5,3+!^l:
!=a+,'0+!,-,zC!5!‚,{5!8z0!5!jm!B4!.C!1+.>'Q+!,&!5!R!DQ+!ˆN$#!)+B+4,&!)$3,N!,&
!,&!¤!4$&!78/-$p!5!s-+4!gB8h!O+54!5!Dn9&!8-y3!B4!‰63!D:54!2!DxW!4BJ&!L!DNB!8V+.%#
!)+,&!8/&$-!=z*N.C!,W!+5!R!DQ+!kS+5!R!D0$c!Ÿ-+,N!K+4+!5!D-4.F0!OM+.:!s-8zC!)$W8/&
!D38f,&!"#$V$X4$p!•c+.0!•:+.Q!5!g$3+,(!v&+.Q!"l#P!$&!R!8#B+8#!s?\!g8<b3
![+,N!K,bC!5!$aB!k6c!B4!5!8X$&!,<0!]$Q!B+yV!,W+!5!R!4B+4!^X5B!5!+8*p!)$bSB!)$W8/&
!D9#P!‰63!KM+.#!78/F&!DS$m!$3+!L!4B+yW!8/#+.'#!,lX!+B!)P!‰-!B+yV!8/#+4,W!•,•'93!R
!!!L!8#$3!s693!g,9m!5!D3+8#!M+!)P!kh+.0!$C!8-$3,x#!j*_;C!$VB$(!B4!^-M+!Tp!"(
!5!gB5$?3!5!j3$C!=&!jFz'93!B4!5!s-4.3,N!$•{+!].Fh!u<9&!+B!Db{$/3!^-+!DxW!‰63
!!!L!DX+4!=#+MB+!+B!BJ&!5!+B!Df4!)+,-+!)+,W!='6{!5!L!s*V8#!=:$„3!7B$%'Q+!5!,&8C
!)+,&!+B!$E&+.f!"(!"<V+,&!M+!"x-$c!)P!^'?(!=/;3!B4!5!8#4B5P!K$_&!D38f!’,X!54!,V
!5!R!8#4,(!]$l#+B!)$?-+$C!4+4!=:$„3!‰63!5!R!8#4+4!B+,h!K+B!)+,&!)4.&!74,(!,*F;C!‘<#
!=/•'93!,*nf!kV+.<&!5!DQ+.f!,a$m!+B!s*lm!)58-+!B$(!5!L!8#8*?(!B+4,&!+B!=w;&
!K+yQ!5!)$/€$f!K+yS2!DxW!R!8#4.<#!58&!]$m!)+,&!+B!"<V+,&!$C!4+4!]$„3!5!R!8*#+4,W
!!2!8#+B!œx:!,&!5!4,(!$E/-,NP!5!4B5P!7$X4$e&!K5BL!D9/-+!)+B4$“
!!O$<#!)$ES!B4!`F{!yS!K4+8#!$aB
!!M$<“!^*3M!,&!‰?3!yS!K4,l#!$VB
!s*3+,f!T#+!T6_<&!sV$3!$C!4+4!=?-$QP!5!D?W!8-$&!M$&2!"(4.3,N!+B!BJ&!‰63!L!DN,&!5+
!!L^*/\!8-$*#!DQ+B!"(!R
!![B$N!$3!5!K8V$X!)$ES!B4
!!B$*?V!$3!5!K+!"0,S!‡8h!B4
!!!s*#$?/&!K5B!1+M!$C!y*f
!!B+8“!74.C!R!…$f!^-+!4$&
!!!s*/lX,&!5!s*/(!KM$C!…,C
!!B+M$&!+B!r+y3!=Z#M!R!Tx#
!,&!R!)$V$X4$p!g+4$0!5!….63!•Jf+!,Z-4,&!)P!`*S,C!5!s6m!D6*wN!)$'Q+4!D9/-+
!DQ+!)$<;'93!7$F'#+!5!)$W8/#+.f!B$F'0+!]$„3!^-+!)$*&!78-$N!"(!8#$<#!78*X.p!)+8/34,f
!5!8X$&!)$<*lm!gB$X+!5!)$38z'3!1B$_C!5+!B+4.<#!D?W!ƒ.>%3!=:M+!D-$/;&!"(!,V!5!L
!!!L!8E#!DN$>m!4J/&!5!D<lm!780$h!,&!+4,N!5!M5,3+!`:$>3!5!]$Fz'Q+!5!]$m!K$VB$(!K$/&
!!LjS¯+!5!jS$;:+!=N!ux/-!$<:!vN.<:+!@+5
!!
!!
!!!‡$*9:+!5!o€$>:+!1$&! !! !
!g+4$0!kh$/3!5!….63!•Jf+!^Q$b3!,Z-4!,&!)P!j*wxC!5!s6m!j„3!O4./X2!DxW!K+B
!k#$S!`*S,C!5!)+B$Z'38%&!t$/n{+!=/;3!B4!….63!)$'Q+4!8-.WM$&!)./(+!L!)+B+4!)$ES
!5!8/Q$/X!,C.l*#!D*&,C!B8h!"x-$c!O+8(!"(!44,W!B,z3!$C!R!)$?-+!O+8%'Q+!B4!1+.{
!!2!"(!4+4!1+.S!^<V,&!L!8#B+yW!,C+y9&!)P!,lX
!!˜;*/{!).lC}!˜;*/>:+!)+
!8-$&!7$X4$p!"\!R!DQ$xn{+!jb3!5!t$/n{+!ua.3!^'f$/X!=/;3!^-+!B4!=/(B!,C!K.h!5
!,V!Db{$/3!5!ƒJf+!5!D-5B!5!K+B!B$*0!5!8#M!Y/Q!,&!)$b'3+!t+.#+!"&!+B!4.f!u-$/{!"(
!D38f!"-$3!"(!R!8#+4!+B!‡J{!5!tB.C!5!‚$x0!5!).>C!)+B4!].;3!5!–!8#+4,W!O.6;3!‰-
!K.h!)+M+!D6*wN!•*V!+B!=34P!5!R!D#$-4!5!=Q,C!K+8f!4+8Q!78<0!5!R!DQ+!4+8Q!….63
!8m}!T*:!R!t$>:$&!t$>:+!•c!O4P!./&!sl6(2!s6Q!5!"*60!@+!=6{!,F<•*p!"(!RD9*#!,C
!!!L!K.z':$&!}+!jwN!8m+!=60
!•?zC!5!D#$*>&!5!8/X$&!B.(ˆ3!•x;C!5!DV+y/&!‚JQ+!"(!4,*W!]$<S!7$Z#P!tB5!Dx{!5
!"S5!M+!)$?-8&!•6f!K$<'#+!Db{!5!83P!j{$m!‚,X!^-+!+B!•6Q!"(!7$W,V!5!–!B.E?3
!•$zb'Q+L!DQ+!B$*&!+B!,f$x3!^-+!R!g$x{!^Q$b3!5!g+~!,/V!5!R!D?W!D&$i!78:+5!Dx0
!4.X!D&$i!='EFX!‘-+,X!^-+!B4!,W+!5!L!4.X!^X5B!D*&,C!5!`*X,C!]Jz'Q+!5!g4$;Q
!)+M+!"(!R!8&$-!D6f+83!]$_3!‰63!B+,Q+!B4!5!R!8'N+!D*3,b3!‹,;3!B4!"(!8-$?#!"'F:+
!j-5$C!•*E&!5!8X$&!7+B!B4!Dh5,E&!B$*9&!g,w3!5!R!83P!+8*p!g8<&!)P!,i+!5!8-+M!$E66f
!!!L!48/F#!gB.{!=';x/3
!!!1$F(!DQ+!UCPM!,W!g,ZS
!!1P!=-._#!,Z#!=V$3M!$C
!5+!M+,'m+5!B$Z'38f!•8{!DNB!o*6&!=c$*'m+!DQ+!78<0!5!j{+!"(!v-,c!^-+!B4!).\!5
!5!].h!B4!D#$3+!5!='Q+B!5!R!4,-ˆp!,-,zC!sV!"(!8-$&!Ÿh$/C!5!g5$xC!5!y-5yC!5!•-,bC!M+
!k/_C!5!M,bC!+B!7$X4$p!)$l-4y#!5!DQ+!s*q0![5B4!D<{5!"\!R!48#.*p!v*zb'&!j;N
!KB+4$N5!5!KB+yW!vm!"&!$C!8-P!sV+,N!D6*wN!^-++B!=9(!,W+!5!L!8X$&!"w-,N!5!OM}!)+M+
!yW,V!5!Oym!$&!)$V$X4$p!Dzi!4.?#!74.3MP!)+,Z-4!vm!B4!5+!ƒJf+!5!8&$*#!O$<C!=C,EX
!5!8#+8#!=FS+.&!D3+,(!5!O$;#+!B8h!D<V!)54!g5,&!D9Q!"(!R!44,Z#!slb'93!58&
!M+!)4+4!)$S!8/3,/V!=V+4!5!8/34,f!=N$(!5!R!8#+4,Z&!^*'Q.p!8/*&!)+B$&!"(!k#$S,E&
!!!L!4B+4!,'Q54!"-,(!D<Q!^-+
!!
!5!B$Eq'Q+!5!j<_'&!"#!8'N+!)+,($\!g+~!^Q$b<&!"(!,C.l*#!)P!)$V$X4$p!K+B!g$x':+
!D-$x(!5!s60!B$Eq'Q+5!DQ$*(!5!jz0!7$X4$p!‰-4y/&!B+ˆZ'38f!j<_C!"\!L!B$*9&!].<C
!=#M5!gB$>&!1$&B+!]4!5!g,*>&!1$b{+!s?\!B4!,V$|!1$FQ+!5Lg$SB4!s6;:+!^-ˆ:+5!–
!!L!4B$*#
!!LB$'Q4!^'9&!.l/&!44,Z#!4,3!)M
!5!8*#+4,W!8-$&!ƒ.>%3!5!M+y0+!5!O+B$l&!+B!D%C!)$l-4y#!"(!8X$&!^-+!t$Fc!M+!=w;&!B4!5
!"<V!^-+!L!DX+4!‚5,>3!)+,'E3!5!‚+,X+!B$*'f$&!D<E#5!8*F6c!s-8h!K$E#+8#$fM!+!4,3
!5!='Q4!7$C.(!5+!‚,X!5!DQ+!U#+4!5!4,f!4,3!)+8#$f!"(!8/#+4!)Jh$0!$3+!R!8/'xW
!+B!5+!"#$3M!5,9f!5!Dh5!7$X4$p!"(!4.&!8#+.C!T(!)P!78-yW!5!•-,X!5L!KB$Wy*V,p
!^3!5!uxCB+!7$/;NB!^3!R!)$3y:+!^b#2!,&$(}+!….<6:+!Ÿ;&!]$h!L!8#+4,W!‚,?3!5!8/-yW,&
!…,-M!•*V!5!R!DQ+!4.E;3!R!]~+B!¥B5,p!5!,&$(+!U:$3!B$WM5B!g+4$0!M+!5LuwC+!7$/;a5
!=<-,(!DFl#!4$9'N+!DV$S5!‹,;3!B4!=<*£:!"(!7$W,V!5!R!4,<?#!,l/'93!5!]$b3!+B!)P
!!L!4,(!8-$&!uh.C
!D:54!K$/&+!,&!4$<'0+!5!8/-$3,N!B$(!+B!4.f!B$W4B5,p!"(!8X$&!D<V!^-+!y*#!)P!+B!….63!5
!gB$zm!M+!B+yZ'38f!).\!"(!R!D9*#!=:$f!K+!78-$N!M+!sV!)P!5!R!8#B+4!B.>z3!U-.f
!R!D*&,C!)P!^'N$-!B4!"(!+,-M!R!8Q$/X!,C!OM}!B$*'f+!5!B$„-+!,lX!8?-8#+!M$&!U-.f!g+~
!5!ž5B.3!‚$x0!"(!4.&!8#+.C!^l<3!7$Z#P!1$&!^-+!$3+!L!4,(!8#+.'#!gB.{!=':+4!+B!4.f
!=W8/&!‰*#!O$#!"#!g$38z3!^-+!=&!"\!R!j{$m!D0+,&!5!jwN!D*6m!5!8X$&!u<S!k9'l3
!!L!D9\!KB+yW!vm!d$F:!"#!5!8-P!DQB4
!,-,zC!"(!v9#!^-8&!)$b'3+!"C.&!M+!5!4.&!=6b'3!78-8/9p!‚${5+!^-8&!=9(!).\!5
!7$Z#!sV!D*&,C!B4!D?W!vzb3!7.S5!"<V!M+!g$SB4!D®*6V+!5!83P!)5,*&!™6%3!4$'N+
!$E<?\!B4!$C!R!8*?(!=3,&!k-,zC!rB+83!5!`*X,C!kC+,3!B4!=Z'9V•&!5!R!DX+4!8-$&
!5!869Z&!"(!R!45,#!d.n&!YC!‰*&!5!R!4,*W!K$S!$E:4!B4!R!g8<&!5+!D3,m!5!8-+B4
!!L!8/&$-!D;*h5!]$_3!)$/0$c
!$#$<V!5!R!4M+4,e&!8F:$(!45M!8-$3,N!rJ0!+B!K$<*&!]5+!,q/&!k*Fc!,W+!"(!8#$<#!78*X.p!5
!5!KB$<*&!g83!5!)+.C$#!]$m!M+!"(!D9#P!•~$m!k*Fc!^l:!–!8'x*#!DS$m!O54!D-,?&!"(
!5!g$*6(,&!‚.h5!M+!Tp!5!R!8V+.%&!j*:4!5!4,Z/&!ŸF#!5!8/(!=N$?l'Q+!D60!D*x*(
!,&!M5B!,V!g5$xC!M+!5!4B+4!7$Z#!k*C,C!)+B4!5!R!48#.*p!t,X!D_:$;3!B4!‹,3!g$-5yS
!K5B!Db{!5!$xX!5!44,W!,V$|!5+!Tx#!^<-!$C!R!8X$F#!jN$“!=#+.C$#!8-+yC!5!uS+,C!k9m
!!L!8-$<#
!R!DQ+!‹,N!‰-!,V!D-$x(!7M+8#+!Df$/X!5!)+B+yZ'38f!]$m!‚,;C!7$X4$p!,&!"6<S!B4!5
!^-+!,-$q#!M+!5L44,W!D3+8#!5!g,9m!kS.3!"(!R!4.?#!74.3,N!4$<'0+!=9(!,&!"E-8&,&!$C
!!2DxW!•!)P!DQ+!"#.Z\!2!DxW!K+B!R!DQ+!,WBM!4,3!)P!D-$lm!k*F?C
!K+!"#M.&!5!K,F&!R!8#4,&5,N!=V$\!R!44!K+,&!M+!=#$&$*&!B4!)+4$*{!M+!='0$<S!"(!8#+!74B5P
!4.f!—#B!M+!)$?-+!5!–!D?W!’.Fw3!)+8&!sV!K,WBM!)$?-+!,i+!,&!5!L!8#4$'N+!)+B4!KB$3!5
!]$m!)P!5!DXˆW!)$?-,&!=m$*Q!M5,l-!$C!8#8#$<&!B+,h!)P!,&!$VM5B!5L!8#8*Q,#!5+!K+ˆ-$&
!7,*f~!)P!1+.i!5!sF6c!={Jf!D/b3!^-+!M+!+B!4,3!^-+2!DxW!4.f!$&!5!4,(!g8V$?3
!B$&!R!4,(!Dz&$93!B$3!,Z-4!B$&!R!D%-5P!)+B4!"#M.&!R!DX+ˆW!5,N!"'XB!L!s#+4,W!g,fP
!"S.'3!O$<C!='<;#!$3!M+!‰-,V!,&!+,C2!8/'xW!+B!5+!8#8*QB!).3$E&!"Q,V!).\!L!,F&!O.Q
!"'Q.*p!D9V.(!B4!^3!^c52DxW!"#M.&¡44,W!=<#!,9*3!g+M$_3!R!Dh5!^-+!B4!L!8X
!^32!DxW!B$3!5!–!sX$&!$_#P!^3!R!DQ+!K+!"?*&!=:+.m!)P!B42!DxW!,F&!5!–!B.f+B.&!,EX
!Bˆ0!)$l3+!B8z&!8-$<#!g80$93!v*N.C!5!8'N+!KBˆW!$_#P!,W+¡!OB+4!"#$f!,EX!)P!7B$&B4
!8E08&!=34P!"(!R!B$*3!)5,*&!+B!4,3!)P2!s-B+!4!='b*>#!=:$m!5!R!s*V+.%&!)$9m+!^-+
!^c$&!`Fh!"(!R!8X!8-$F#!"'x-,N!)$?-+!,V$|!]$<_&!R!4B+8/p!OM}!K8&!=l*#!¥+4$p!5!8X$&
!!!L!DQ+!uS+B!)+,&
!!!8#8#.*p!DXM!)$-5B!1.f
!!!8#8/f!¥.f!)$/(!)$-,W!"<V
!$N5!4,3!"'F:+!–!s*'f$/X!+B!5+!•Jf+!R!4.&!v*NB!$3!$&!$VM5B!"(!R!4,3!^-+!ƒ.>%:+!=60
!u<9&!+B!)$?-+!Db*>#!5!DX+8#!B5$&!)$?-+!].hLK4,W!)$<*?p!KM5B!"/-+,V!5!D9*#
!!L4B5•*#!t$<'Q+!].Fh
!!Lt$n3!,*“!8X,:$&!,3P!s(!5
!D-${5!5!DQ+.f!$VBˆ0!5!4,(!$E'38f!+B!‡$*Q!L!83P!7$S!,9&!,WBM!$C!DX+ˆW5,N!"'XB
!DxcJ3!^-+!,&!L!4B+4!kS+5!=C$N$l35!='38f!$C!R!8F6n&!+B!5+!5!4BˆW5,&!='h5!"(!4.<#
!BˆW!,EX!)+8&!+B!‡$*Q!R!4.&!K8/šl-!L!DNB!=F#$_&!T(,V!5!R!8#4,(!t+45!,Z-4!‰-
!8X$F#!=6b3!+B!)$Z#M.&2!DxW!5!4B5P!O$<C!=;a+.C!5!=>F>FC!8-8&!7+B!B4!+B!5+!"#M.&L4$'N+
!7.*3!5!D?WM$&!B.N,&!5!L!OBP!7.*3!KB8h!$C!^(!•h.C!='0$Q!$3+!R!8-$*#!='38f!^3!M+!5
!R!8*Q,'&!R!8/ZN+!,F&!,&!,q#!B54!M+!L!8X!)+5B!5!4B.%&!DS$m!B8z&!‡$*Q!L!4B5P!B$*9&
!+B!$3!DQ!78X!¥.3+,N!+,C!$3!D38f!,W+!"(!R!¥$&!^<-+2!DxW!L!8-$<#!KM,bC!"(!DQ+.f
!!LM./V!DQ+!4$-!.C!D<;#!vm
!^*&!kS+5!B$q'#+!+,3!)83P!"qb:!‰-2!DxW!5!4.<#!’+,N+!Bˆ0!5!,lX!,-,zC!B4!5!83P!U*p
!‡$*Q!‰-4y/&!5+!"-+,*p5!D?l&!+B!,*3+!,'f4!5!DNB!=“$&!B4!,F&!5!4,(!=xh.C!‡$*Q!L
!^-+!B4!L!4B5P!,E?&!K5B!5!4,(!"6&$z3!gBˆ;<&!+B!5+!DxcJ3!5!DX+4,&!)P!‡$*QL!4B5P
!^-8/\!)$?-+!DN,;3!5!4.&!8E0!^9m!^-+!s-$E&!B42!DxW!5!4,(!4$-!,WBM!)P!M+!)$*3
!^3!O58z&!5!R!4,<X!OM}!•6lC!5!•n6C!1+.&+!45$-!,Ff!^3!].{5!M+!5+!,W+!R!4+4!g,<i
!!!L!4.X!r,f!‰*#!=f,/&!"-+,*p!^-+!5+!g,V$q3!5!4$XB+!5!D#.;<&!5!8-$<#!O$<C!KM+y'V+
!O$<C!KB$?F'Q+!,WBM!8*QB!58&!).\!L!4,(!k6c!+B!5+!8*QB!,E?&!"l#+8/\!R!"6<S!B4
!]+.m+!KB$_3!M+!5!8/'xW!K4$X!5!s“!='0$Q!5!!R!4B5P!45,N!]JS!+5!M+y0$&!+B!5+!5!4.3,N
!58&!)P!^*05!8*#+4,WM$&!"-+,*p!,(~!‡$*Q!Da5$x3!K$/i+!B4!L!8#4,(!=3J;'Q+!,Z-4!‰-
!!Ls#+4,W![B$N!^-M+!]4!"qb:!‰*&!R!DQ+!^3!B$(!R!$EC8_&!^&+!$#+2!DxW!5!!4,(!=WM$C!L!4.<#
!R!s'N$-!='{,N2!DxW!4.f!$&!R!Df$/?&!+B!"-+,*p!RK4.&!,*3+!,'f4!D38f!g5,3!=&!)P!5
!7,E&!=&!DQ$*(!5!jz0!uN$/3!5!Dh+ˆm!5!Oym!8-+.N!M+!s/(!u-$a!+B!)P!5!OMB5!]$<V+!,W+
!7$WB8&5!4+4!B+,h!B8“!^-+!,&!D<-y0!L!sQ,#!)P!4,W!B45!s-$<*p!4$&!=9&!)+M+!Tp5!R!O4,W
!B$(!r+y3!).\!7B$š*&!L!74,(!,a$m!O+!"'N,Z&!"-+,*p!$&!+B!,'f4!78/?(2!"(!4+4!,Ff!5!DNB
!!2DxW!+B!,WBM!Df$/?&
!!!4.&!"'?l#!T(!5!='Q58&!+,3!='?(
!!=/<X8&!yW,V!+B!R!=9(!,CB+M!^-M
!,EX!4,W!+B!5+!$C!4.3,x&!–!83P!)P!•+8>3!,V+.S!5!!R!DQ+!B$(!7$/W!5+!"(!4,&!)$<W!‰63
!R!8-8&!+B!5+!DQ!783$*&!k*F?C!B4!5+!,(~!"(!B$3!)P!]$m!^-+!K$/i+!B4L!8/?(,&5!8/#+4,Z&
!+,C2!DxW!5!8X!B._#B!4./?&!";h+5!gB.{!).\!5!R!DNB!5+!‰-4y/&!d,m!B4!5!Df$/?&
!)$9m+!"6&$z3!5!4B+8/p!K8&!=l*#!g$N$l3!5!8X$&!$N5!=&!5!,V.W8&!=34PŠ!"(!s-4.&!"'xW
!"(,V!5L":!j{+!}!^3!8/0!"*:+!D/9m+!^3!,X!vC+2!OJ9:+!"*60!]$h!4,<X!OM}!gŽ$Q+!"&
!8/(!='#$;'Q+!58&!ž4+.m!uN4!B4!5!4B+4!s?\!K4,3!jz0!=&!T*9f!5!j{+!=&!s*£:!M+
!!ŒL"/hˆ&!)$;'Q+!jz„3Š!DQ+!"'xW!=&,0!)P!"(!8X$&!)$/š<V
!D_:$;3!B4!,EX!"<V!5!R!O+!74M!=<fM!+B!,*3+!,9p!5!O+!78*?-8#+!=#$3B4!+B!D/b3!^-+!^3
!"i4$m!D*x*(!"l#+M+!Tp!R!45B!=CB5$?3!.C!$&!,W+!RB+4!7$Z#!+B!7$*W!^-+L!8#+!783P!yS$0!)P
!g$_#!5!ƒJf!D6*m!^-8&!,Z3!L!8&$-!$xX!5!4B.%&!$C!74!58&!=X$&!78*#+4,W!B,z3!U-.f
!B4!O4,(!$nf2!DxW!5!DQ+.f!$VBˆ0!‡$*Q!L!sQ$/X!=<#!,Z-4!=ES5!)P!"(!R!8V4!DQ4
!!!L!s'X+4!O,b3!+B!K4,<#+.S$#!4.f!M+B!B4!"š#P
!!L!`S+B!.C!v&+.Q!5!DQ+!v&$Q!.C!OB$l3!"(!R!BˆWB4!gBˆ;3!,Q!M+2!"(!4+4!1+.S!B$3
!KB5+4Š2!"(!8-8#!+B!5+!T(!5!8#4./?&!‰X.W!jV+!"<V!"(!4+4!M+5P!5!8X!=-}$&!,&!Tp
!D9%#L!8#4,&!,*3+!U*p!5!8#4B5P!$_#P!+B!5+!45M!LŒDQ+!d.Fb3!‡$*Q!‰-4y#!78-yWB$3
!5!Dm$Q!gŽ+,&!5!83P!8-8p!DFb{!,i+!5!4,(!rJ0!+B!,9p!7$Z#+5!R!4.<#M$&!4.f!]$m
!$C!4+4!]$„3!5!4.3,N!)+,W!='6{!L!8X!O.6;3!+B!,*3+!K+B!D:+.m!)P!M+!5+!k#$S!DV+y#
!!!L!8#4,(!B+4,&!+B!,WBM!5+!‹.;&
!5+!K+,'N+!).\!K8/ZN+!=-J&!B4!+B!=9(!=3$<#!,W+!"(!K4.&!)P!"#$3M!)P!B4![5B4!8m!5
!1+ˆ(!)P!vm!B4!4,(!K8/'Q+.f!+B!O.6q3!sE'3!"(!D&.z0!)$<V!='?W!,V$|!)+B8#+
!!LK4$'N+!s-8zC!s*£:
!8-$&!jh$0!5!L!8#$<#!•h.C!B4!j-5$C!•*E&!)+B+4,(8&!K+yS!5!4.?#!u-$a!yW,V!KB$(.l*#!5
!!!L!4M$9&!KB+MP!s(!5!‡J>&!g,fP!"X.C!5!$*#4!O$z3!1$FQ+!5!4y*V,e&!s6|!5!+ˆ-+!M+!"(
!"E-8&!,&!"š#P!M+!M,bC!5!t$FC+!]$m!‚,;C!5!u-$/{!B$*'f+!B4!R!)$V$X4$p!j„3!D9/-+
!$<60!^*<69<:+!u*<S!5!$/<>;-!@+5!L!8-+M!$E66f!)+M+!"6<S!^-+!,&!"(!R!8/-$3,N!K4$<'0+
!!L"'<mB!5!"/<&!Ž$z?:+!5!˜l6E:+!u€+,X!$#4B.-
!!
!!
!!!"&$b{+!5!‰6<:+!^&+!1$&! !! !! !
!+B!)+4$#!,V.W8&!$C!"š#P!B4!)8-4!kS+5!’$*'m+!5!….63!t$/n{+!j„3!O4./X2!DxW!K+B
!s-,(!).\!"(!8-.WM$&!)./(+!L!4B+yZ#!t$/n{+!,lX!5!8#+8#!D*&,C!B8h!"(!R!8'x*#!J*'Q+
!B4!jV$S!"6&+!5!jN$“!s*£:!5L!8X$&!=3!$/0!sfM!"'9f!5!J&!8/&!"'9&!•h+5!…,-M!5!jh$0
!+B!)P!"#!5!4,*W!DQ4!DQ$*(!5!jz0!+B!^-+!"#!R!4B+ˆW!=3!B$WM5B!DnF“!7$/p!5!D<;#!j|
!!L!4BPB4!jES!5!Dh$<m
!!!]y/3!‰*&!$#+4!8{!54!78#$3!K5y/3!U9b#M
!!)M,&!‰*&!"6&+!8{54!"'?W!+8'z3!¥B54!M
!!•D9*\!g,w3!uN4!5!D;x/3!1ˆS!B4!D6*m!"S5!Tp
!=6b'3!D6*wN!)+8&!"(,V!5!DQ+!D<E#!‡$'x3!5!g4$;Q!78<0!jz02!"(!4+4!1+.S!^<V,&
!g+,<i!$3+!L!D?W!D;NB!5!y0!)$-$X!5!D:54!B+5+yQ!DQ.*p!)+8&!g$Fi!5!s6m!]$<S!5!4.&
!g4$;Q!j{+Š!"(!4.&!"'?F#!B.q/3!B4!,&!K+!74+M!7$X4$p!5!L!DQ+!v6;'3!=:M+!,-8z'&!)P
!=#$'Q+4!+B!^%Q!)P!5!–Œ!DQ+!jc$&!5!u-$a!j-$Q5!5!1$FQ+!=6(!5!DQ+!=#$<QP!K$wh
!!2!DxW!•!)P!DQ+!"#.Z\2!"(!8*Q,p!K+B!L!8/-.W
!•,0!gB$Ec!B$iP!"(!K+!74+M!7$X4$p!]5+2!8#4$'N+!$S!‰-!=V+B!B4!T(!B$E\!"(!8#+!74B5P
!5!•,0!D:54!g+B$3+!5!]$Fh+!g$3J0!5!4.&!,V$|!K5!g$/lQ!5!g$(,m!B4!k>/3!‚,X!5
!5!]$;N+!B4!D:54!g+B$3+!5!]$Fh+!g$3J0!5!4.&!,V$|!K5!g$/lQ!5!g$(,m!B4!k>/3!‚,X
!‰-!B4!=<:$0!O.6;3!+B!D/n6Q!DFCB!5!Dl6<3!D:y/3!K5!•$zb'Q+!5!R!à+5!K5!•Jf+
!!L)8&!‰-!B4!K,l?:!5!$Fh
!U*p!‰6N!B+.Q!,*X!5!K4,&!78_Q!U:$<S!U*p!D?E&B.m!"(!‘f.#!K+!"š&!,Z#+.C!O54
!!!L!D-$E#!=&!='h$F:!R!DN$n:!$&!=C5+,c!R!K8X!74$?*p!¥B$9fB
!!"\B.3!=-.W!"(!^*l?3!‘f!)P!OJ“!^3
!!4$E#!^-,9#!5!jW!•,&!,&!4.:P!‰?3!K$p
!!L!g,lN!kh$i!K+B!k-${!4,f!j3$(!Oym!,N+5!)+4B$(!B$*?V!K+!"š&!)$WBM$&!O.Q!5
!‚$/{+!B4!5!j3$X!=CB$>&!R!D0+BM!1+.&+!B4!5!R!B5M!$&!R!$#+.C!K+!"š&!,Z-M,&!OB$E\!5
!8/#$3!=38h!k9(!B4!5!…B$F3!)$9*#!,&+!).\!='Q4!gB$<0!B4!R!O$<C!='-+8V!D€+,m
!!!L!D&$i!)JEi!7.(
!"(!DNB!74+M!‰63!œx:!,&!KM5B!L!78-4!D/b3!5!"h$N!5!74$'N+!D&,“!—#B!B4!)$/Z<V!5
!,'?*&!=C5$xC!=34P!8ES!5!UX.l&!5!DQ+!’./3!K,Q!)P!,-4$z<&!K,Q!^-+!K$VB$(
!y-y0!,<0!5!,*nf!Tx#!5!8-$</#!‹.f!)P!k6c!B4!8/34,f!"(!,C!K.:!)P!5!R!4.?#!^l<3
!!!L!8#+4,Z#!s>f!B$*9&!KB+4,3!K+8N!+B
!!!L!48/F#!gB.{!)$>z#!5!g4$-M!KM5B!B4!R!O4,3!ƒ,b&!"\
!5!y0!].>m!5!+B!g4$;Q!…+B4+!DQ+!8(.3!=FFQ!5!,F';3!=c,X!]$<S2!DxW!74+M!•-,X
!5!DQ+B!K+B!uN$/32!DxW!)$WBM$&!,9p!L!4,-ê#!,*9*C!D:+4!)+8&!yS!=#$3+!5!–!+B!D<;#
!yS!5+!¥$;'#+!8-P!Y/Q!B4!K$p!+,(,V!5!R!DQ+!v&$Q!R!1$FQ+!"<V!,&!DQB4!,*&8C!8-+.N
!g$(,&!R!$/6FQ!sE/-8E/:!$/*N!+58V$S!^-ˆ:+52!DxW!,WM,&L!8-$*#!)$l3+!B4!jz0!—-$'/&
!5!=3$(4$?&!5!4BP!g,93!5!=3$l'Q54!‹,;3!B4!+B!O4,3!R!g8V$_3!^3$*3!5!k9(
!!!L!8Q,&!"/-+,V!8*#+4,W!s<>3!Ky*\!k6c!,&!D<-y0!"(,V!5!8#+4,W!"'Q+BP!D_E&
!8/'xW!+B!"š&!,WM,&!5!8#4,(!•h.C!U-$QP!K+,&!=N,n&!8#8*QB!‰-4y#!B.q/3!,E?&!).\
!R!s-B+4!=3!u<c!=F*>#!.C!4$E'S+!7,<i!M+!5!s-+!78#$<&!B$(!M+!"<V!$3!R!˜60$#!‰#$N!K,c+2
!L!s*-P,&!=9(!4,W!D&./&!y*#!$3!8X$&!78X!sW!$3!=W8#$3!"(!+4,N!$C!^l&!$3!g.h!,*&8C
!DQ+!=Cy0!+B!Oy*V2!8/'xW!•!45B!,'E&!B$(!O+8(!,EX!^-+!B42!"(!8*Q,p!5!DNB!"F>h!K.Q
!B4!,&!5!R!8-,f!O$;c!5!Df5,x&!5!8*#$QB!,E?&!5!D9&!K+!7B+5!D?p!5!DNB!7.l&!]$m!B4!L
!!ŒL!DQ+!T(!B$E\!g.h!7M5B!‰-!4$E'S+!g,<iŠ!"(!D?F/&!,EX
!8X$&!=“+,N!+B!$3!"(!U-8#+!=9(!U-.f!]$<_&!M5,3+!"(2!8/'xW!+B!74+M!•-,X!M5B!,Z-4
!B._#B!R!83PB4!,E?&!g,lN!^-+!B4!L!8/#$3!u-$a!)+B$-!O4,WM$&!‹,“!=&!,W+2!"(!8*?-8#+!L
!).'x3!R!8-8&!+B!5+!5!DXˆW!K5!,&!K,Z#+.C!)M!)$EW$#!L4$E#M$&!='fB8&!D?p!•Q$'3!5
!!!L!U-8#+!K,*&8C2!DxW!+B!…y*/(!5!L!s-,(!‰63!}+!+ˆV!)+!+,?&!+ˆV!$32!DxW!5!D?W
!!!^*\!.VP!‚$#!5!D9/*\!"#$fB$Z#
!!¥$Fh!^*\!)5,&!5!•:M54!^*\!)5B4
!!2!"(!8-.W!=3!.#$&8(!2!DxW!5!83P!5+!‰-4y/&!…y*/(
!!L!=:!T*6N!D#+!†*m!=&!K.E:+!•h5
!4+4!1+.S!L!4B+8#!)$-M!+,C!5!s&$-!8-5$S!,<0!^3!=/(!=#$&y*3!='0$Q!4.f!]$<_&!,W+
!!!L!DNB!5+!"#$%&!5!DQ$f,&!"6<S!B4L!D9*#!KBˆ0!•*V!R!OB+4,&!)$3,N2
!!!KB!"N,c!K+!Oy-,&!5!O,&!B8#+
!!!=3!.C!U*p!‡8h!B4!5!+,C!"#$fB4
!!=p!B8#+!s/(!…$p!5!s?(!)5,*&
!!!K,f!.C!¥.W$/&!M5!7M.3!.C!K$p!M+
!)+B$-!•,&!R!DN$-!='6{!OB4!8>#$p!^'?WM$&!Dh.&!5!R!8*#+BˆZ&!D<;#!5!Dm+B!B4!KM5B!5
!M5B!,Z-4!ŒL!DQ+!OB4!8>#$p!]$<S!7M5B!‰-!D<*hŠ!"(!D?F/&!,EX!B4!,&!5!Df$9&
!,E?&!"(!DQ+.f!L!4.&!s*V+.f!.C!DQ$*(!5!jz0!)$<E3$3!M5,3+2!8/'xW!+B!"š&!)$WBM$&
!,EX!jV+!$3+!R!4.&!78*QB!1P!)+,l&!T-$x#!t+.#+!"&!).b?3!='?(!=l-4y#!)P!B4!R!45B
!B4!sV!5!R!4,(!J“!4.f,&!)P!=3$<C!5+L!4,-ˆp!K4$9(!$C!8#4,(!=3!=xh.C!)P!)8-,f!B4
!,EX!B4!,&!5!Df$9&!)+B$-!1$FQ+!L!DX+4,&!4.Q!OB4!B+yV8{!5!Df5,x&!8z/&!M5B
!!ŒL!DQ+!OB4!B+yV8{!4,f!7M5B!‰-!j{$mŠ!"(!D?F/&
!B4!5+!L!DX+4!8-$F&!$3!B$<*C!DQ+!=C,<i!+,C!j(.C!,W+2!"(!8/'xW!+B!74+M!7$X4$p!M5B!,Z-4
!,EX!O4,3!5!R!4.&!78*QB!g$N5!+B!,EX!)P!,*3+!+B!$wh!M+!L!4B5P!,E?&!K5B!g,lN!^-+
!B4!).\!L!D9?/&!=N,n&!5!DNB!‰63!K+,9&!7B$q#!j*FQ!,&!5+!L!8#4.&!].•?3!D-y;'&
!5!8#4,&!)5,*&!7M$/S!).\!L!DxW!$V$xS!+B!5+!)$&B4!4.<#!=<#!DzN+.3!)+,Z-4!$&!tyS
!B4!4$'N+!74+M!‰63,&!)$&B4!,q#!,Z-4!g,(!L!4$'9*&!83P!M$&!$_#$<V!5+!8#$3!=:$f!K+,Q
!!!L!4,(!TFm!5!4,F&!+B!5+!5!45yx*&!DV$xQ
!+B!)$?-+!‰63!"(!R!8/V4!B+,h!=9(!,&!gB$3+!B$($C!8#83P!sV+,N!,EX!)P!)$*0+!M5B!,Z-4
!,CB.'93!B$(!^-+2!DxW!+B!)$?-+!)$&B4!R!8/'X+4!=3!=a.f!Da5$x3!^-+!B4!L4.F#!=iB+5
!5!74+M!‰63!D-$lm!5!–!8&$*#!=N.h5!$<X!":4$_3!M+!$C!R!O+!"'N,W!=Q.Q$S!^3!"(!R!8-B+yW
!L!8//(!=N$?l'Q+!5+!]$m!M+!5!8/#+.%&!+B!5+!"(!8#8-4!1+.{!L!8#+B!M$&!"<V!U-.f!K$V$xS
!5!DQ+!74.&!"\!O58h!kS.32!"(!8#8*Q,p!L!4B5P!)5,*&!TFm!M+!+B!74+M!‰63!5!DNB!T(
!OJ0+!+B!)$?-+!U-.f!k9#!M+!5!DxW!"S.&!5!.l*#!1+.S!•!DQ+!,EX!O+8(!8:.3!5!Ž$?/3
!‰63!,&!B4+,&!5!4,(!]$z'#+!g,fP!s*;/&!$*#4!‰63!M+!B8p!).\2!"(!8*#+4,W!B,z3!5!4+4
!OM}!M+,'m+!78-$N!=&!t+y#!M+!5!s'xZ&!^c5!5!,EX!…,'&!g+~!D#$*{!K+,&!^3!8X!=:.'93
!!L8;h$N!,?:+!‰&!]y#!+~+2!s'xW!4.f!$&!5!R!O4,<X
!M$&!5+!‚JQ+!‰63!Dn9&!5!)+8#$f!=WBy&!]$m!L!8/'f$/?&!+B!5+!)$#$WBM$&!M+!K+!"x-$|
!"\!R!DQ5+!"nf!^-+!gB$3+!"'9-$X2!8/'xW!5!4.<#!vN+.3!5+!B.wm!+B!,EX!)$*0+L!8/'xW
!•69&!j*zC!5!+8'h+!Dxc$0!5!]80!1+.&+!B4!‰X!=&!5!R!4B+4!s-,(!•,0!5!•-,X!g+~
!D;*&!]$m!B4!L!8#+4,W!78#M!5!7M$C!)$?-+!78-8/9p!B$iP!5!74.'Q!O.QB!5!R!8-$3,N!U-.f
!j{$m!=WBy&!^-8&!=C,<i!K5!j(.C!5!R!4$'N+!5+!DQ8&!)$QP!)$Q!^-8&!=l63!5!8#4,(
!!L!4B5P
!5!^-4!B4!)P!g+,<i!8#+4,W!^-,h!D*#!•8>&!+B!)P!5!4MB5!O8h!g$Fi!j(.C!O$z3!B4!"(,V!5
!!!L!8&$*&!,C$/E3!"\,V!$*#4
!)$<V!5+L!K8#83P,&!,EX!4,W!8*eQ!j*p!,&!]5+!M5B!….63!"(!4.&!='/Q!,EX!)P!B4!5
!8/'?F/&!)P!"'Q.*p!$C!4.3,x&!8-8&!)+B$-!’.nf!5!8*QB!7M+5B8&!).\!–!DX+4!7$Z#!D/Q
!5!R!8-$<#!DzN+.3!+B!)P!=#$<QP!K$wh!"(!8V4!g,<„&!7$Z#P!jz0!5!]$<S!5!4$E'S+Š!"(
!!ŒL!D93$<C!^3!]$S!7M5B!‰-!)$ES!"<V!g,F0
!+B!)+B$-!5!L!DN,W!B+,h!K5!,&!‰63!5!D9?/&!‰63!D%C!,&!5!83P!M$&!‰63!K+,9&!Tp
!5!4.3,N!)+,W!='6{!+B!]$<S!km${!5!–!8*#+4,W!‰-,X!+BM5!$&!+B!jz0!km${!5!R!8#+.%&
!7$Z#+5!L!8-+y#!K4$9N!)+M+!5!8#4,Z#!).'x3!.'&!)$#M!$C!DNB!8-$F&!B$-4!^-+!M+2!"(!4+4!]$„3
!5!D0$_X!5!jz;&!T(!B$*9&!$<X!)$*3!B42!DxW!5!DQ+.f!,a$m!+B!g,wm!)$WBy&!5!$<60
!sV!5!–!DN$-!)+.C!B$WM5B!g80$93!5!=:M+!D-$/;&!‰63!$3+!DQ+!`S+B!^3!,&!D-$x(!5!,/V
!5!k9(!,&!"#!^3!R!4.&!j{$m!Ky-5P!DQ4!+B!T(,V!5!8#8*X.(!=3!k9(!B4!^3!)$V+B
!5!L!O4.<#!=3+,N!KB$Eq'Q+!=9(!g,V$q3!5!D#.;<&!"#!5!s'X+4!=3!4$<'0+!U-.f!U#+4
!.l*#!5!L!s'X+8#!s?\!DSB4!^-+!yW,V!8#+,&!ž5B.3!Dl6<3!M+!OB4+,&!"(!A-B$C!)P!M+
!!2!"(!8#+!"'xW
!!!8*Q,&!D-$•&!"\,V!4.X!Tl0,&
!!!8*Q,&!D-$E/&!s“!).\!^(!K4$X
!"'%Q!=/%Q!45B!=3!‰63!œx:,&!"š#P2!DxW!5!DQ$f,&!‡$*Q!K4,3!)+,a$m!)$*3!M+
!5!s60!).\!+B!KB+4!)$ES!D*6V+!•*V!5!R!D/nN!5!$(~5!D&,_C!5!4,f!^*V$?&!DQ+
!5!s60!).\!+B!KB+4!)$ES!R!1$'N+!).\!gB$X+!^-8&!7$X4$p!•$zb'Q+!5!–!D9*#!D<lm
!)$ES!,&!5!R!D?W!)$&$C!1$'NP!).\!gB$X+!^-8&!7$X4$p!•$zb'Q+!5!–!D9*#!D<lm
!5!L!"':$QB!j;_-!†*m!s60+!@+!L!8#$<#!78*X.p!]Jz'Q+!5!`*X,C!ua.3!4.f!^-,NP
!4,'9W!)$?-,&!.C!DN+B!j|!5!]80!B.#5!8*#$QB!D:y/3!^-8&!+,C!D*m$#!^-+!jV+!g4$;Q
!D*&!^-+!,&!5!DX+4!sV+.f!•h.C!B4!j>N2!•'W!5!DQ$f,&!K,Z-4!8X![B$N!5+!).\L
!!2!4.<#!B$>'h+
!!!+,-M!•!^-M+!U*&!s-.W!"\!R!$V$X!=<:$0!"#$Z-
!!)5$V!B4!B$&!)+B+yV!=&.(!,W+!D9&P!)$<V
!!LKB+4!"\!$C!B$*&2!4+4!]$„3!L48#.*p!='xZ?&!"(!s-.WM$&!='XˆW,Q!8X$&!)$3,N!,W+
!!2!DxW
!^-+!"(!s'9#+8&!5!s'f$/?&!$*#4!=-$N5!=&!).\!L!O4.&!)$WBy&!M+!=l-!D38f!B4!^3
!4.f!$&!4B5PB4!K$p!M+!M+8#+,Q!)$zX$0!=9&!5!4B.f!+B!)+.S!)$V$X!B$*9&!]+M!d5,0
!5!B$Z3$(!7$X4$p!B+yV!"/*Q!,&!4B!DQ4!"(!K8/&!=3!=9(!B4!]4!.C!R!"6&+!K+2!s'xW
!M+B4!7+B!5!7$C.(!,<0!5!DQ+!Y/C!Dh5!"(!R!1$-B4!+B!^'?-.f!R!DQ!74$E#!B$FS!B$-,EX
!!!L!4B5P!g,fP!B$l&!K5B!DF“B!5!’$?/&!5!DN$-!=V$F'#+!Dq0.3!^-8&!^3!Tx#L!U*p!B4
!g$_#!K+,&!M+!"(!s'Q+.f!–!8*#+4,W!=3!=c.c!='xS!K4$*{!s'XˆW!=3!KB+M$&!B4!KM5B
!44,'3L!!s'X+4!)$<V!‰63!B4!^3!5!4,(!$E&!OB4!58&!4$*{!L!s#$V,&!8/&!M+!+B!)$?-+!g,fP
!,fP!–!4.&!)+,Z#!)$“,3!)+8&!,c$f!5!s'N$-!=<#!D>fB!"#$W54!r,%3!]4!M+!"\!R!O8#$<&
!,&!"l#+8/\Ls'X+ˆZ&!"?*&!B4!5!O4B5P!)5,*&!,EX!M+!+B!)$?-+5!O8-,%&!5!O4,(!j(.C
!$3!DQ4!=:$m2!8/'xW!5!8/'Q+.f!$VBˆ0!5!8#4+4!M+5P!+,3!8/'9?/&!='fB4!K}$&
!K+2!s'xW!L!B+4,&!5!‚$l?&!^*3M!R!DQ+!=_/W!DfB4!^-+!,&M!B4!$3+!R!8QB!s*#!=C+M$_<&
!"(!8#4+4!1+.S!¤!8-4.&!jN$“!4$*{!,l3!M+5!R!8-4!8*#+.'&!=3!^*3M!,-M!B4!—/W!R!k_0
!jN$“!M+!5!8-$&,&!g,*>&!jh$0!M+!"(!–!4,(!)+.'#!uN4!+B!)P!D6*b&!D?W!]M$#!$wh!).\2
!4B5P!‘Fa!4!—/W!5!s'N$l?&!^*3M!^3!L!8-P!j{$m!)P!^<a!B4!slm!~$x#!$C!R!8#$'9&!,>&
!L!8/(!=F*>#!)+M+!+,3!8/(!$w'h+!K+B!,W+!5!R!8#BP!"#+y%&!"(!8V4!]$„3!$C!s-$<#!=3!M$&!5!L
!!!L!D9*#!’,X!D<m+y3!R!8X$&!+,C!)P!u-B!K+!78/W+,p!.C!=l*#!s%C2DxW!‰63
!L!4,l#!]+.Q!U*&!5!4$'9-+!¥.3$f!K+B!Df+4,e&!].>N!^-+5!8*QB!$_/-8&!^<V,&!).\
!’,X!5!O4.<#!s-8zC!‰63!$&!]+.Q!5!1+.S!B4!4.&!)$l3+!5!uQ5!B4!"š#P2!DxW!^<V,&
!B$(!1+.&+!^-+!B4!+B!,c$f!‰63!"(!R!sX$&!D3+,(!‰-!B+58*3+L!O4B5P!K$_&!)+B8#+!D38f
!1$'(!^-8&!5!L!DQ+!"*F/C!1B$_C!78-$N!5!–!8V4!]$<S!D<lm!5!g,lN!^Q$b3!"(!8-$3,N
!]$Q!B+yV!‰63!,<0!B4!5!R!D?W!,V$|!"'XˆW!)$V$X4$p!,&!"#$l63!D-5B!5!K+B!D6*wN
!K5B!,&!5+!D:54!5!‰63!,(~!5!R!8X!O.6;3!+B!)$*#$ES!5+!U#+4!]$<(!5!4,f!’,N!5!R!45yx*&
!!2!DxW5!L!8*Q,&!='*W!•$NP!5!s:$0!s*:$h+!"<E&!5!8#$3!=h$&!B$WM5B
!!!8F6c!)$*3!DFb{!,<(!$C
!!4$&!.C!)$*3!,&!‰63!,<(
!!
!!
!!sS,'3!"<C$f! !! !
!UX!—/p!=6Z/S!5!)+,-5!"Q!54!=/>m!5+!‰63!"{,0!"(!R!+B!s*6?&+4!1$'(!^-8&!,W+
!=h$&!K,(~!¡!D9V!‰63!)P!‚$;a+!4$&!78/-$p!"(!+B!D:54!^-+!)$W8/&!¡!DQ!74.&!B$f,p
!=3!78#M!5!7M$C!$E'63!5!$E'3+!B4!5!R!44,W!=<#!d5B83!B$WM5B!4+8'3+!,&!"(!8X!D9#+.C
!!!R!8#5+8f!…B$F3!O$#!K$E&!5!k-M!5!).<*3!1$z:+!]$<S!5!,x&!)P!"S$F-4!).\!R!8#$3
!!B+83$#!)$n6Q!žB+5!….6<:+!,%N
!!B.3$#!)$V$X!"6Fh!7$?3+,E&
!!!‚,X!+B!4.<b3!7454!DQ5y(!=V$X
!!,nf!+B!4.;93!,V.W!DQ5y(!=V$X
!74Jh!"nQ+5!5!DQ+!O$-+!^Q$b3!g,“!"(!¡!]$<V!=&!g+~!kh$/3!M+!='<X!5!D?W!^-y3
!,f$x3!"(!R!"#$V$X4$p!,*?<X!5!K+B!B$iP!M+!KˆF#!5!–!4$'N+!,-,zC!)P!k*F?C!B4!¡B$WM5B
!B4!R!"'N,-ˆp!]$<(!)P!]$<_&!D63!5!‰63!j-$wN!5!DQ+!"'?W!"'Q+BP!)+8&!D:54!5!^-4
!78*<m!=0$93!5!=V$?/V$X!•By&!)+8#$f!,i•3!M+!Ky3B!5!R!83P!74,(!4+,-+!)P!^<a
!5!D/3!•.n&!,*Q!‰FQ!‰6N!¥.W!5!)4,W!"(!sE/*V+,&!@+B$#+!‚JQ+!….63!R!)+8#5+8f
!O$;#+!‡$X5!5!)$9m+!K+4,&!"#$3M!kl/3!5!B8{!5!R!DQ+!B$&!)+,W!)$?-+!D-4.F0!D38f
!^-+!D;:$n3!B4!)$34,3!DF“B!"(!D9#+4!)+.C!–!8X!78*#+4,W!)5,z3!)+8&¡!=6b'3!)$?-+
!+B!)P!R!"h+,X+!@+!•0$a!R!=:$0!T6_3!M+!"(!=:.Fh!kF9&!5!R!44,W!•4${!"#.Z\!1$'(
!R!7,V$h!D:54!5!sQ+!uF'&!)P!,(~!5!8X$&!$E:$Fh+!t.#!"\!M+!+B!)$*#$ES!DQ+!"'X+4!=#+MB+
!5!O$q#!g4$-M!M5B!,V-!s:$0¬!,<0!,fP!$C!5!8&$-!8*&$C!5!8*6%C!D<Q!R!)$(B}+!˜'&$i!D:$h}
!!!L!8V8#!7+B!)P!g.x>&!+B!=W,*C!,V4!8>h!5! ,\!B54!"'F:+!5!R!4,-ˆp!g5+,c
!5!My;C!=9&!)+8&!DN$-!8V+.f!‚,X!^-+!5+!•*/>C!"(!='9#+8&!^<V,&!K$p8*&!,W+5
!5!‚,?C!^-+!5!8&$-B4!+B!g4$;Q!^-+!"(!='X+ˆW!B$WM5B!)P!=/<C!B4!5!R!K4.<#!g$V$F3
!gB$F0!^-+!B4!gBˆ;3!K4+8#!DQ4!4+,3!^-+!…+B4+!).\!5!R!4BP!j{$m!+B!4.f!,f$xC
!!2!DQ+!74,(!d+.#.&!"(!K4,(
!!K,;X!O8-$&!DxW!=9(!O$/&!,W+
!!^3!"#$E&!"<V!=X$&!.C!uFc!U*e&
!,-$Q!)P!sQ+!5!R!Ÿ*x'93!5!DQ+!u-$X!R!@+$E'Fi!R!D:54!^-+!=:$;3!,(~!"/3!5!@+8<b&!5
!R!j<'?3!)P!j*>xC!,&!O8z'3!)$W8/&!A-B+.C!5!R!vc$#!)+8&!)$m+83!K$E#+.-4!5!R,?'/3!5
!5!DQ!74,(!78-8/9p!='38f!1$&!)P!B4!R!@+!˜<mB!R!=zE*&!jwx:+.&!"S+.f!ƒ.>f!,&!5
!).-$<V!D&.#!A-B$C!R!@+!"<mB!R!KB.&$9*#!sQ$z:+.&!"*zN!5!–!"'X+ˆW!T*x#!KB$W4$-
!,i•3!B.f+,N!"#!R!U-.f!‚.h5!7M+8#+,&!)+B4!5!DQ+!"'f+4,p!R!@+!$V83!R!=V$?/V$X
!74B5P!K$_&!DQ+!78X!^l<3!"š#P!,„#!5!sq/&!)$W8/&!,Z-4!5!R!74B+yW!=38h!R!"#$V$X4$p
!)$W8/&!5!™6%3!)$V+.f+.V!k'(!)P!$3+!–!74.<#!$E'•:$F3!4.f!ƒJf+!D*wh,&!)+B4!5!8#+
!5!8V$;3!5!…,?3!5!)$<693!5!^<X45!DQ54!‰-4y/&!t.<_3!^-+!5!R!8/#+.f!]4!‰-
!R!44,Z#!B._E3!j-5$C!•*E&!DQ+!]5+8'3!)$34,3!)$*3!=QB$p!)$&M!$C!5!–!8X$&!].Fz3!=3~
!ua5!j{+!B4!"\!R!48/F#!gB.{!=C5$xC!5!=#$>z#!)+B4!ž4+.m!48_C!5!]+.m+!k6z'&!5
!DN,W!=:$<S!8*#$X.p!)+B4!78/&!"(!$F-M!d$F:!^-8&!5!R!DQ+!DN$>m!—/W!5!D<lm!)$(
!!!L!4,*Z&!^*3M!K5B!s*:$h+!…8#+!=C83!B4!5!8#+4,W!).'x3!4.%&!+B!)$*<:$0!"(
!5!)$*0+!"(!=QB$N!k'(!,Z-4,&!5!45B!=63$C!).\!^l:!R!4B+4!•6>C!D•F{!gB$X+!^-+!5
!"'f$/X!8-P!74.3,N!"6&$z3!8#+!74,(!R!$E:JS!‘9&!5!$E:J|!@+!83!R!"*:$0!g,wm!^-+!,&$(+
!74.&!8m!"\!$C!gB8h!^%Q!t+.#+!B4!5!DQ+!783P!"'f+4,p!"#.Z\!"<S,C!^-+!"(!44,W
!!!L!DQ+
!5+!D0+,&!,(~!"\!R!8-.S!=<#!=N.9C!)+8&!4,&!=QB$e&!KM$C!M+!R!1$'(!‰-!78/&!^-+!,W+!5
!5!g4$x'Q+!,&!5+!DF|+.3!+B!O$0!5!ƒ$f!5!R!8'N+!DS$m!=#$;3!^-8&!"(!DQ+!,C,-$Q!)+M+
!t+.#+!1$9'(+!5!g4$;Q!1$FQ+!)4B5P!sV+,N!B4!5+!D<V!]$<(!5!R!DQ+!"'?W!B,z3!s6;C
!!!L!78X!O.6;3!,/V
!!
!!,9p!"&!^3M!4B+8#!"#$3M
!!•!K,'f4!8&!.\!4B+4!"\!s#$E#
!86%3!B$WM5B!K5B!,&!)P!,(~!5!83P!j{$m!•By&!=N,X!+B!74+M!78/&!5!78/&!^-+!"6<S!!B4
!+B!s:$0!8#5+8f!=:$;C!4y-+!L!8X!^X5B!+B!)$*#$ES!5+!=W8/&!‰*#!B4!ƒJf+!’,N!5!R!D?W
!5!B.>/3!D-+B!"-$9&!+B!1,“!5!•,X!4J&!=3$<C!5!R!4$#$Q,&!D<V!D-$E/&!$*#4!5!^-4!B4
!,q'/3!"(!)$ES!•$NP!B4!+B!8*3+!)$Z/?C!5!R!4$#+4,W!B./3!=V$?/V$X!).<*3!,'\!j|
!!!R!4$/(!1+,*Q!DN+B!5!]80!O$S!M+!8#+!78#$<&!"#$l63!Dxc$0!5!)$9m+
!":P!5!8<b3!":.QB!=60!¢.6>:+5!^*<:$;:+!1B!@8<b:+5L!"&!].n'<:+!5!"*60!B4$z:+!"#+
!"-8:+.:!5!":!@+!,x“!K,Fn:+!,>#!=&+!^&!)$<„0!^&!4.<b3!"f$9'#+!^3![,N!5!^*;<S+
!˜/Q!O,b<:+!^3!^*z&!]$*:!žJ„:!T*<%:+!O.-!¢.ba!^*3P!]$h!^<:!5!^*/3.<:+!u*<_:5
!!L˜€$3!T<f!5!^*9<f!5!K8m+
!!
!!
!!L)$-$p
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!
!!! !! !
!!! !! !
!!
!!

Kelile&Demneh (WWW Irebook Net TF)

Uploaded by

Document Information

Original Title

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

Kelile&Demneh (WWW Irebook Net TF)

Uploaded by

Copyright:

Available Formats

!!

You might also like