Chap 1. Childhood

$& * 1#"
*5)+ ## #0- "

+ # -#
*- " #*4
$&$ ##
R@ \EC +R`8;= ]S (+S"+C(CX E0 @EC8 @=C+ E0 [SXR=C GRE0+SS=EC@

A+C C( RA_ E2"+RS ];E @=\+( =C E(=' EAR(_ C( R8[+' E;+A=J
=S 0A=@_ XR++ "C + XR"+( "? XE FUVZ ];+C ;=S 8R+X<8RC(0X;+R +X+R
+R`8;= ]S ERCJ + @X+R +"A+ @]_+R C( ARR=+( R= +ECR(=J
;+_ CA+( X;+=R SEC' ERC =C F,aV' +X+R CXEC H=+XRE CXEC=EI H8RC(0<
X;+R E0 R@I ];E +CX+R+( X;+ [SXR=C RA_ ];+R+ ;+ (\C"+( XE X;+ RC?
E0 +R@+[XCCX @X+RJ C F,YZ +X+R CXEC ARR=+(
E;CC =S";C 0REA
R8[+J +X+R CXEC ]S ]R(+( _ =S+R RC`
ES+0 ]=X; X;+ X=X@+ 0!?
D42 42A!2C4D4 =C F,57' 0ER N;\=C8 XX=C+( X;+ RC? E0 >ER' ]=X; AER+
X;C YF _+RS E0 "ECX=C[E[S A=@=XR_ S+R\="+ C( (+"ERX=ECS 0ER \@ERO HEE(<
AC' FDDDIJ R@ \EC +R`8;=QS 0X;+R' CXEC=[S (+ ([ +XR[S @E=S=[S
RC"=S"[S
E;CC+S +GEA["_ (@+R \EC ECX+C[E\E HF,YD - F,DaI' ]S SX<
X=EC+( S "EAAC(+R E0 C =C0CXR_ XX@=EC =C R8[+' C( +"A+ @X+R
E@EC+@ H+RSX@+[XCCXIJ C F,,Z' ;+ ARR=+( A@=+ ;=@@=G=C+ +R@+
HF,5Y - FD7ZI =C R`' X;+ ([8;X+R E0 R@ C(R+S +R@+ HF,ZY - FDFVI
C( A@= +XX=C8+R HF,ZV - FDa7IJ R@ C(R+S +R@+ S+R\+( =C X;+ [S<
XR=C E""E<(A=C=SXRX=EC 0X+R ;+ ;( 4C=S;+( ;=S SX[(=+S =C A+";C="@
+C8=C++R=C8 =C F,7VJ C X;+ F,UaS ;+ ER8C=`+(' S 8+C+R@ AC8+R E0 C
=CX+RCX=EC@ C? "ECSERX=[A [C(+R +^XR+A+ (=2"[@X=+S' X;+ GRE(["X=EC E0
XE""E =C EAC=J + +RC+( @EX E0 AEC+_ C( +"A+ ]+@X;_ ACJ
C "XE+R Z' F,,Y' R@ CXEC +R`8;=' (@+R \EC ECX+C[E\E' ]S
ERC =C R8[+ H=C X;+ 0E@@E]=C8 GR8RG;S ]+ R+0+R XE ;=A S=AG@_ S R@
\EC +R`8;= IJ
+ ]S ERC ]=X;=C X;+ 8R+X [SXRE<[C8R=C AG=R+' X;+ C[+
AECR";_' X X;X X=A+ R+@X=\+@_ L[=+X ]=X; EC@_ 0+] "EC6="XS SE X;X ;+ ]S
@+ XE SG+C( ;=S ";=@(;EE( C( _E[X; =C C =CX"X ]ER@(J ;=S =S @SE XR[+
0ER ;=S 0A=@_ @=0+J =S ]+@X;_ 0A=@_ GR+S+CX+( ;=A X;+ R=8;X S[RRE[C(=C8S
0ER ;=S "R+0R++ (+\+@EGA+CXJ

F7 P;9 &FT024 OG&$ G&P&F7 P&FG4;9G ;) 24G 98& 49 L2& 74L&FLOF&" F7 P;9
&FT024# F7 P@ &FT024# F7 &FT024# 9$ 2F7&G P@ &FT024@
J <@ F7 P;9 &FT024EG 247$2;;$# ;OL2 9$ 24G ;$ L; FL4& 9$ 2&;FS
2& OGLF;3O90F49 8;9F2S L L2& L48& ;) &FT024EG 4FL2 9$ S;OL2@

<@< 247$2;;$ I
F7EG 4FL2=7& 49 F0O&
F9$)L2&F F7 &F7&EG 2;OG& 49 FT@

' <@ F7 P;9 &FT024EG 247$2;;$# ;OL2 9$ 24G ;$ L; FL4& 9$ 2&;FS
+R@_ EC+ C( ;@0 _+RS @X+R' EC +R[R_ ZF' F,,5' A@=+ 8\+ =RX;
XE R@QS S=SX+R' R=+@+ CC
E;CC +GJ +R`8;= (@+ \EC ECX+C[E\E'
?CE]C @X+R S @@J
;+ \EC +R`8;=S @=\+( =C C NE@( ;E[S+ EC ;[C8SS+' 0REA ];=";' E\+R
X;+ X=@+( REE0XEGS' EC+ 8@=AGS+S ;=8; ]EE(+( ;=@@S=(+ ]=X; EC@_ ";[R"; C(
XE]+R XE AR X;+ CX[R@ @C(S"G+ R=S=C8 E\+ X;+ "=X_O HEE(AC' FDDDIJ
EC +R`8;=QS ;EA+ XE]C' R8[+' =S @SE "@@+( X;+ 40!2 4E2 C( ]S X
X;X X=A+ X;+ "G=X@ E0 X;+ [SXR=C RE\=C"+ E0 E;+A=J X +@EC8S XE X;+
@E\+@=+SX "=X=+S =C [REG+ C( =S ?CE]C S X;+ XE]C E0 EX;=" C( REL[+J
;+ "=X_ =S (=\=(+( _ X;+ @+8+C(R_ R=\+R E@([J E X;+ @+0X E0 X;+ E@([
X;+ R(S";=C' CE] S+X E0 X;+ `+"; GR+S=(+CX' X;+ "SX@+ +@\+(+R+' C( X;+
A[C="=G@ (=SXR="X @+=CSS+=X+ ];+R+ =XS E@( CRRE] @C+S C( REL[+ G@"+S'
R+ @E"X+(J ;+ E@( R@SR) ["?+' +[X=4+( ]=X; AC_ SXX[+S' @+(S XE X;+
R=8;X E@([ C? ]=X; =XS E@( XE]C' [C=\+RS=X_' C(
+]=S; L[RX+RJ X X;X
X=A+ X;+ "[@X[R@ C( SE"=@ @=0+ =C R8[+ ]S =C6[+C"+( _ +RAC "[@X[R+
XE 8R+X +^X+CX C( X;+ +[XS";+ +";C=S";+ E";S";[@+ ;( +(["X+( AC_
+^"+@@+CX +C8=C++RS =C E;+A= C( @SE =C X;+ +RAC<SG+?=C8 "E[CXR=+SJ
=XX@+ =S ?CE]C E[X X;+ ";=@(;EE( E0 R@ \EC +R`8;= =C R8[+J
C@_ 0+] C+"(EX+S R+ R+GERX+(J C @+XX+R XE X;+ [X;ER X;+ @X+ [X;
\EC +R`8;= HR@ \EC +R`8;=QS S+"EC( ]=0+I GE=CX+( E[X& N (E CEX R+"@@
X;X R@ +\+R +^GR+SS+( C_ R+"E@@+"X=ECS E0 ;=S GR+CXS 0REA ;=S ";=@(;EE('
@X;E[8; ;+ (=( R+"@@ ]=X; GGR+CX G@+S[R+ C ER(+R@_ E0 ;=S 0X;+R JJJ
;+ ER(+R@_ H S[GGES+ S+R8+CX ER X;+ +L[=\@+CXI GGR+CX@_ +C>E_+( @=XX@+
R@QS "EAGC_ C( A(+ 0ER ;=A XE_ RC "EAG@+X+ ]=X; C=A@SJ E 8+X
+XX+R \=+] E0 X;+ =CX+R=ER' R@ SX["? ;=S ;+( =CXE X;+ RC C( ]S [C@+
XE ]=X;(R] =XJ ;+ ER(+R@_ E0 "E[RS+ "A+ GREAGX@_ XE X;+ R+S"[+JO ;+
S=@=C8S HR@ C( @@I SX_+( EC@_ 0ER 0+] _+RS =C R8[+J ;+=R 0X;+R
R+X=R+( =C F,,U C( X;+ 0A=@_ AE\+( XE R`' =C X;+ [SXR=C SXX+ E0 X_R='
C+^X XE +RC X;+ GR+0+RR+( G@"+ E0 R+S=(+C"+ 0ER R+X=R+( E2"+RSJ RC(0X;+R
+R@+ ;( E[8;X "EA0ERX@+ X;R++<SXER_ ;E[S+ =C X;+ +";[+RSXRJ Fa'
];="; ]S [=@X =C F,UVJ ;+ \EC +R`8;=S @=\+( EC X;+ 4RSX 6EERJ ;+ @R8+
@E"? ]S @E"X+( (=R+"X@_ "RESS 0REA X;+ +";C=S";+ E";S";[@+ C( EC@_
S;ERX (=SXC"+ 0REA X;+ EG+R ;E[S+ C( "=X_ GR?J
C0ERX[CX+@_' R@QS 0X;+R ]S CEX @+ XE +C>E_ ;=S R+X=R+A+CX 0ER
@EC8 X=A+ S ;+ (=+( S;ERX@_ X;+R+0X+R =C F,DaJ R@ C( @@ \EC +R`8;=QS
AX+RC@ 8RC(0X;+R' R@ +R@+' S++AS XE ;\+ ++C ;GG_ XE "X =C @E"E
GR+CX=+SJ + +^+R"=S+( 8R+X =C6[+C"+ EC R@QS (+\+@EGA+CXJ S ;+ ;=AS+@0
@X+R R+AR?+(& N=S SXREC8' (=SX=C"X G+RSEC@=X_ C( ;=S ;ECER@+' AS"[@=C+
";R"X+R =C6[+C"+( A_ (+\+@EGA+CXO C( [X; \EC +R`8;= "ECX=C[+( =C
;+R @+XX+R& NR@ ;( AC_ 0EC( A+AER=+S E0 ;=AJ C+ E0 X;+S+ "+CX+R+(
EC X;+ 0R+S;@_ RESX+( ";+SXC[XS ];="; RC(0X;+R R+8[@R@_ E[8;X 0REA
SXR++X \+C(ERS C( RE[8;X ;EA+ XE ;=S 8RC(";=@(R+CJ X+R' ;+ S++AS XE
;\+ G@_+(' ER X @+SX XR=+( XE G@_' "ECS=(+R@+ GRX =C X;+ ";E="+ E0
"R++RSJO
<@< 247$2;;$ :
F7EG )L2&F" F7EG 8;L2&F"

9L;94; P;9 &FT024 874& 24774=49& P;9 &FT024
F7 G L;$$7&F# F;O9$ <''J

<U <@ F7 P;9 &FT024EG 247$2;;$# ;OL2 9$ 24G ;$ L; FL4& 9$ 2&;FS
[X; \EC +R`8;= 0[RX;+R ]REX+ E[X R@& NS ";=@(' ;+ A=8;X G+R<
;GS ;\+ ++C (+S"R=+( S +=X;+R 1-@+-!D4C@ ER A?4C0!@41!J H C X;+
=X =S @AESX C RX="@+ E0 0=X; X;X 8=0X+( ";=@(R+C R+ XRE[@+SEA+IJ R@
R+"@@+( EC+ E""S=EC ];+C ;+ C( ;=S _E[C8+R S=SX+R @@ H;=S EC@_ S=@=C8I
]+R+ ]@?=C8 @EC8 R=\+RC? ]=X; C[RS+T CEX=C8 X;+ C[RS+QS =CXX+CX=EC'
;+ ;=( @@ +;=C( XR++' RE@@+( @R8+ SXEC+ =CXE X;+ ]X+R' C( @+( X;+
C[RS+ XE +@=+\+ X;X @@ ;( 0@@+C =CXE X;+ ]X+RJO
X ]S L[=X+ CX[R@ X;X R@ ]E[@( +"EA+ "R++R E2"+R 0E@@E]=C8 X;+
XR(=X=EC E0 ;=S C"+SXERSJ C F,DY ;+ +"A+ G[G=@ =C X;+ A=@=XR_ CX+R<
R+@S";[@+ =C C+R_ ) [CS H)ES`+8' [C8R_I ]=X; X;+ =CX+CX=EC E0 GG@_=C8
@X+R 0ER (A=SS=EC =CXE X;+ R=+8SAR=C+ HC\_IJ ;+ X+";=C8 GES=X=ECS ]+R+
+^"@[S=\+@_ 4@@+( [G _ E2"+RS ];E ]+R+ @+ XE RE[S+ \=\=( =CX+R+SX 0ER S"=<
+C"+SJ ;+ SGRXC @=\=C8 C( X;+ +(["X=EC XE +R G;_S="@ ;R(S;=G @=(
C +^"+@@+CX S=S 0ER X;+ GR"X="+ E0 R@QS @X+R GRE0+SS=EC S >E[RC+_AC
=C "=\=@ +C8=C++R=C8J
E]+\+R' @R+(_ =C X;+ S+"EC( _+R X X;+ A=@=XR_ CX+RR+@S";[@+ ;+
;( ;[C"; X;X ;+ ]E[@( CEX (>[SX XE X;+ A=@=XR_ GRE0+SS=ECJ [X =C X;+
X=A+ XE 0E@@E] ;+ "EC"+CXRX+( ;=S ];E@+ =CX+R+SX EC 8+E8RG;_' =C GRX="[<
@R EC X;+ GE@R R+8=ECSJ + S;R+( ;=S =CX+R+SXS ]=X; ;=S @=\+@_ 0R=+C( CS
@";+R' \+R_ X@+CX+( E_ ];E +"A+ R@ \EC +R`8;=QS @=0+<X=A+
0R=+C(J ;+_ ER(+R+( EE?S' "X@E8[+S' (R+] AGS C( ]ER?+( EC (=1+R+CX
X+";C="@ GRE@+ASJ ER+E\+R R@ +"A+ =CX+R+SX+( =C SXRECEA_J +SG=X+
@"? E0 AX;+AX="S C( A+";C="S ;+ ]ER?+( ;@0 _+R EC X;+ GGRE^=AX+
"@"[@X=EC E0 X;+ S[CR=S+ C( S[CS+XJ
C ;=S F5X; _+R E0 8+ ;+ +CX+R+( X;+ =@=XR_ +RR+@S";[@+ =C );R=S";<
+=SS?=R";+C HRC="+' `+"; +G[@="IJ ;=S _+R ]S E0 8R+X =C6[+C"+ 0ER
;=S 0[RX;+R (+\+@EGA+CXJ +E8RG;_ S A+R+ (+S"R=GX=EC E0 "E[CXR=+S ]S CE
@EC8+R E0 =CX+R+SX XE ;=AJ ;=S 4+@( ]S R+G@"+( ]=X; AX;+AX="S - @8+R
C( 8+EA+XR_J C +R[R_ F,D, ;+ 8EX S="? 0ER S=^ AECX;SJ [R=C8 X;=S X=A+
;+ ]S (++G@_ =C\E@\+( =C 8+EA+XR=" GRE@+AS C( @SE G;=@ESEG;="@ L[+SX=ECS
8R([@@_ RES+ @=?+ X;+ L[+SX=ECS E[X X;+ G[RGES+ E0 ;[AC +^=SX+C"+ C(
X;+ =RX; E0 X;+ [C=\+RS+J ;+ [CCS]+R+( L[+SX=ECS EX;+R+( ;=A C( ;+
X[RC+( XE R+@=8=E[S SX[(=+SJ ;+ C+] =CX+R+SX 0ER S"=+C"+ C( X;+ CX=GX;_
XE]R(S X;+ ER=C8 NSE@(=+R 8A+O @+( ;=A XE R+SE@\+ XE @+\+ X;+ A=@=XR_
S";EE@J E]+\+R' X;+ R+@X=\+S =C R` (=( CEX 8R++' X 4RSXJ =C@@_' 0X+R
SXR[88@=C8 ;+ S[""++(+( =C +=C8 8RCX+( ;=S ]=S;J
[R=C8 X;+ S[AA+R E0 F,D, ;+ GR+GR+( ;=AS+@0 0ER X;+ +CXRC"+ +Â=<
CX=EC XE X;+ C(+S<+RR+@S";[@+ =C R`J + ]S CEX @+ XE "ECX=C[+ @@
;=S EX;+R SX[(=+S ]=X; X;+ +^"+GX=EC E0 ;=S R+(=C8 =C R+@=8=ECJ R([@@_' ;+
"A+ XE (E[X AC_ SXX+A+CXS =C X;+ =@+ C( ;+ (=( CEX ?CE] ];X ;+
S;E[@( +@=+\+J =C@@_' ;+ R+8R(+( R+@=8=EC S S[G+R6[E[S XEE@ ];="; ;+
C(EC+( E[X E0 ;=S @=0+J
R@ +CX+R+( X;+ VX; 8R(+ E0 X;+ C(+S<+RR+@S";[@+J C S;ERX X=A+
;=S =CX+R+SX =C (+S"R==C8 CX[R@ S"=+C"+S ]S +"EA=C8 ;=S 0\ER=X+ 4+@(J +
<@< 247$2;;$ <<
F7 Q4L2 8;L2&F# 77 9$

0F9$=F&9LG ;OL <':I
F7 L 0& </

<N <@ F7 P;9 &FT024EG 247$2;;$# ;OL2 9$ 24G ;$ L; FL4& 9$ 2&;FS
F7EG G2;;7 F&=;FL )F;8 L2& JL2 7GG

L L2& 9$&G3&FF&7G2O7& 49 FT@
SX[(=+( =CX+CS=\+@_ X;+ EE?S R+"EAA+C(+( _ ;=S X+";+R' =C GRX="[@R R<

]=CQS +! 4?-)-2 4# A+! @6!-!@J [X; \EC +R`8;= R+"E@@+"X+( R@QS SG+"=@
=CX+R+SX X X;X X=A+& N ["; @X+R' ];+C ;+ ]S +CRE@@+( =C ;=8; S";EE@
R[C [C(+R HGREX+SXCXI ";[R"; [SG="+S' ;+ ]REX+ GG+R ;=8;@_ S_AGX;+X="
XE X;+ R]=C=C X;+ER_ E0 +\E@[X=ECJ S R+S[@X' ;+ "A+ "@ES+ XE +=C8
+^G+@@+(JO
=S 8R(+S =C (=1+R+CX 4+@(S =C X;+ S";EE@ _+R F,D,WDD ]+R+ CEX S[G+R
]=X; X;+ +^"+GX=EC E0 CX[R@ S"=+C"+S ];="; ;+ @=?+( SE A[";J R@ 8R([X+(
X X;+ 8+ E0 S+\+CX++C H X[RIJ + GSS+( X;+ 4C@ +Â=CX=EC' ;E]+\+R'
@R+(_ ]=X; ;ECERSJ
<@N CLOF8 O9$ F90D <M
$&/ '-0*! 0" *"(
=X; ;=S 8R([X=EC R@QS ";=@(;EE( ;( "EA+ XE C +C(J "EAG@+X+@_ C+]
(+"=S=\+ G+R=E( =C ;=S @=0+ +8C' G+R=E( ];="; ]S \+R_ =AGERXCX 0ER ;=S
];E@+ @=0+' (+\+@EGA+CX' C( "R++R C( ];="; ]S AR?+( _ S+R"; 0ER
;=S XX=X[(+ XE @=0+ ""EAGC=+( _ +RRERS' "EC0[S=EC' C( =CS=8;XS S ]+@@
S X;+ S+R"; 0ER X;+ R=8;X GRE0+SS=ECJ ;=S GRE"+SS E0 S+R";=C8 0ER ;=S XR[+
S+@0 @SX+( S+\+R@ _+RSJ C X;=S X=A+ AESX E0 ;=S @X+R ";R"X+R=SX="S +"A+
GGR+CX C( ;=S \=+] E0 @=0+ ]S 0ERA+( HX[RA [C( RC8IJ
ESX =C6[+CX=@ =C ;=S G+RSEC@ @=0+ ([R=C8 X;+ C+^X _+RS ]S ;=S 8RC(0<
X;+R' R@ +R@+J + XEE? ;=A EC X;R++ A>ER +(["X=EC@ XR=GS& XE ]=X`+R<
@C(' +RAC_' C( X@_J
R@QS (+S"R=GX=ECS E0 X;+ XE[RS R+(' =C X;+ A=C GRXS' S XR\+@E8[+
]=X; (+X=@+( @=SX=C8 E0 @@ E>+"XS E0 =CX+R+SXJ =XX@+ ]S S=( E[X ;=S
G+RSEC@ @=0+ C( E[X ;=S R+@X=EC XE ;=S 8RC(0X;+R ([R=C8 ;=S XR\+@@=C8J
E]+\+R' =C X;+ (+S"R=GX=EC E0 @C(S"G+S' R@QS X@+CX +"A+ GGR+CX'
CA+@_ X;X E0 @_=C8 (E]C' =C ]R=XX+C 0ERA' ;=S ES+R\X=ECS E0 X;+ RX;QS
S[R0"+S' ];="; ;+ (=( SE ASX+R0[@@_ @X+R 0ER 8+E@E8="@ GRE@+ASJ
X 4RSX' ;E]+\+R' =C
[@_' FDaa' R@ SXRX+( @EC+ 0ER SA@@ \=S=X XE +@@
A ++ C+R X;+ 8RC(=ES+ E;+ [+RC ]=X; S+\+R@ G+?S AER+ X;C Yaaa
A+X+RS ;=8;J 0X+R \+R_ R=C_ R=(+ ;+ RR=\+( X +@@ A ++ EC [+S(_'
[@_ Fa' ];+R+ ;+ R+CX+( REEAJ =S E>+"X=\+ ]S XE +^G@ER+ X;+ +[X=<
0[@ @C(S"G+ "@ES+ XE +@@ A ++' CA+@_ X;+ A8C=4"+CX S[RRE[C(=C8S E0
GR[C C( R=AA@J
]E (_S @X+R' ;+ SXRX+( 0ER ;=S 4RSX +^"[RS=ECT ;+ @+0X ;=S REEA +R@_ =C
X;+ AERC=C8J ;+ GX; @+( ;=A +C(@+SS@_ X;RE[8; A+(E] ];="; +"A+
\+R_ ARS;_ "@ES+ XE X;+ @?+J C ;=@@ ;+ S] XE X;+ @+0X S=(+ X;+ R+A=CS E0
"SX@+' C( XE X;+ R=8;X' S@X+<L[RR=+SJ + GSS+( X;+ E@( "SX@+ GR[C' C(
+CX+R+( C( ;=?+( X;RE[8; X;+ GR[C \@@+_J =S 4RSX SXX=EC ]S +SS+@0@@S
@G+C;[S ];+R+ ;+ ;( R+?0SXJ 0X+R SXR+C[E[S ;=?+ ;+ RR=\+( 4C@@_
X SS+R0@@E(+CJ +R+' =C X;+ \@@+_' X;+ X=A+R<@=C+ ]S @R+(_ R+";+(J
;+R+0X+R ;+ ]+CX XE 8@"=+R ];="; ]S "E\+R+( _ C+]<0@@+C SCE]J C X;+
@X+ 0X+RCEEC ;+ R+X[RC+( XE +SS+@0@@ ];+R+ [S RE[8;X ;=A "? XE +@@
A ++J C R=(_'
[@_ FY' R@ RE(+ [C(+R "@E[(_ S?_ 0REA +@@ A ++
XE R=AA@J [R=C8 X;+ R=(+ ]=X; X;+ @E"@ CRRE]<8[8+ R=@]_ ;+ +C>E_+(
X;+ +[X=0[@ \=+]S =CXE X;+ "RESS<\@@+_S E0 X;+ E;+C [+RC' =C GRX="[@R'
=CXE X;+ AR\+@@E[S "; \@@+_ C( X;+ [@`"; \@@+_ ]=X; X;+ X;R++
C( ;@0 X;E[SC( A+X+R ;=8; RE9\+C+(=8+RJ + RR=\+( X R=AA@ 0X+R
"EA0ERX@+ X;R++ ;E[R R=(+ C( ]+CX XE X;+ 4RSX X]E 0@@S' ];+R+ ;+ ]S
S[RGR=S+( _ @=8;XC=C8J [R=C8 X;+ C+^X (_' ;+ ;=?+( EC SX++G C( SXEC_
GX; XE X;+ ]X+R0@@S E0 R=AA@J N;+ 0ER+SX =S ]=@(<REACX="' XE X;+ R=8;X
C( X;+ @+0X E0 X;+ GX;' A=8;X_' 8@R=C8 _+@@E] C( R+( RE"?S' "E\+R+( ]=X;
R=(SJ X X=A+S EC+ RC";+( E1 X;+ GSS XE \=+]GE=CXSJO 0X+R X;+ X;=R(
]X+R0@@ R@ +CX+R+( X;+ R+@ R=AA@ \@@+_J 0X+R X]E C( ;@0 ;E[R ;=?+
</ <@ F7 P;9 &FT024EG 247$2;;$# ;OL2 9$ 24G ;$ L; FL4& 9$ 2&;FS
;+ RR=\+( X X;+ 0EEX E0 X;+ [+RC C( ;+ +C>E_+( X;+ 8RC( \=+] E0 X;+
;=8; AE[CX=C +=";+CSG=X`+ C( 0X+R ];=@+ X;+ \=+] E0 A=8;X_ ="+<4+@(J
0X+R "@=A=C8 C( ;=?=C8 X;RE[8; AR\+@@E[S ]ER@( E0 RE"?< C( ="+<4+@(S
R@' 4C@@_' RR=\+( 0X+R GSS=C8 8R=C<4+@(S C( 0RAS' X S+RC ];+R+ ;+
SX_+( E\+R C=8;XJ C [C(_'
[@_ F5' FDaa' R@ ]S "? =C R`J
X =S A`=C8 ;E] GR+"=S+@_ R@ \EC +R`8;= (+S"R=+(' @R+(_ X X;X
+R@_ 8+' ;=S ES+R\X=ECS =C CX[R+J E@@E]=C8 +\+R_ (+X=@ ;+ (+S=8C+( C
=CSXR["X=\+ E\+R\=+] E0 @C(AR?S' GRE(=8=+S E0 CX[R+ C( E0 8+E@E8="@ G;+<
CEA+CJ ;=S X@+CX A(+ =X @X+R +S_ 0ER ;=A XE 0ERA[@X+ R+@ 8+E@E8="@
C( +C8=C++R=C8 GRE@+AS ];="; ;+ G[@=S;+( =C C[A+RE[S >E[RC@SJ E(_'
=X =S SX=@@ +C>E_@+ 0ER +^G+RXS XE R+( ;=S G[@="X=ECSJ
R@ SXRX+( X;+ 4RSX +(["X=EC@ XE[R XE8+X;+R ]=X; ;=S 8RC(0X;+R XE
]=X`+R@C( X X;+ \+R_ +8=CC=C8 E0 [8[SX' FDaaJ ;+_ XR\+@@+( _ XR=C \=
CCSR["? XE =C([J _ S;=G X;+_ RR=\+( X R+8+C` C( ECSXC` EC [<
8[SX 7 C( [8[SX 5' FDaaJ C ECSXC` R@ \=S=X+( @@ =AGERXCX E>+"XS E0
=CX+R+SXJ C GRX="[@R' ;+ ]S =CX+R+SX+( =C X;+ E@( EAC<EX;=" "X;+(R@J
C X;+ @X+ 0X+RCEEC R@ C( ;=S 8RC(0X;+R RE(+ _ XR=C \= ";1;[S+C
XE [R=";J ;+_ +C>E_+( X;+ G="X[R+SL[+ @C(S"G+ ]=X; X;+ =S@C( +=";+C['
\=C+_R(S C( X;+ 0AE[S "XR"X =C ";1;[S+CJ 0X+R R+?0SX' EC [<
8[SX V' FDaa' X;+_ XEE? ]@? @EC8 X;+ C?S E0 X;+ [R="; @?+ C( =C
X;+ 0X+RCEEC X;+_ +CX+R+( X;+ +@+"XR="@ R"?<R=@]_ ];="; RE[8;X X;+A
XE X;+ ]+@@<?CE]C E@_X+";C=?[AJ R@ (A=R+( X;+ SG@+C(=( SXX[+S =C X;+
\+SX=[@+' X;+ E@( R+@=+0S C( X;+ [SXS E0 0ERA+R GRE0+SSERS =C X;+ =S@+SJ
;+ C+^X SXX=EC ]S [`+RCJ [R=C8 ]@? X;+_ 8EX XE ?CE] X;+ ER=8<
=C@=X_ E0 X;=S XE]CJ ;+ X]E ]EE(+C R=(8+S ]=X; REE0S C( ]=X; [C[S[@
GR+S+CXX=ECS E0 AEX=\+S 0REA [`+RCQS ;=SXER_ GG+R+( \+R_ SXRC8+ XE R@J
+ ]S =AGR+SS+(' ;E]+\+R' EC@_ _ X;+ SG@+C(=( C?S E0 X;+ =+R]@(SX)XX+R
?+J C X;+ 0X+RCEEC X;+_ A(+ C +^"[RS=EC _ EX XE ) [SSC";X' ]+@@<
?CE]C 0REA ";=@@+RQS SX8+ G@_ -0+!01 !00J C R=(_' [8[SX Fa' FDaa'
X;+_ @+0X [`+RC C( ;[RR=+( XE +RCJ C X;+ ]_ X;+_ (A=R+( CX+R@?+CQS
+[X=0[@ ]EE( "R\=C8S C( X;+ AR\+@@E[S \=+] EC X;+ +RC+R @GS ]=X;
[C80R[ C( =8+RJ C +RC X;+_ R+CX+( REEA =C X;+ 4E!2 C( XEE?
]@? X;RE[8; X;+ G+"[@=R E@( XE]C ]=X; "+@@RS +A+R8=C8 XE X;+ SXR++XSJ ;+
(=CC+R ]S S[G+R C( EC X;+ 0E@@E]=C8 ]@? X;+_ ;( X;+ EGGERX[C=X_ XE
;\+ @EE? X X;+ SG@+C(=( @=8;X=C8 S_SX+AJ EX; +C(+( X;+ +\+C=C8 ]=X;
++R =C SA@@ 8R(+CJ ;+ C+^X (_ ]S 8=C 4@@+( ]=X; S=8;X<S++=C8J
=RSX' X;+_ \=S=X+( X;+ A8C=4"+CX @X+<EX;=" "X;+(R@' ASX+RG=+"+ E0
R";=X+"X[R+J R@ +CX+R+( X;+ XE]+R C( +C>E_+( X;+ C="+ \=+] E0 X;+ @XX+'
SL[R+<SX=EC - @=?+ SG[R - @E"X+( =C X;+ =CC+R GRX E0 @EEG E0 X;+
R=\+R R+' 7a A+X+RS E\+ X;+ R=\+R ]=X; X;+ GR@=A+CX [=@(=C8' XE]C
;@@' [C=\+RS=X_' C( A[S+[ASJ
0X+R @[C"; X;+_ GR+GR+( 0ER X;+ (+GRX[R+ XE +C+\ ]=X; X;+ +^GR+SS<
XR=C ];="; ]S SE "EAG@+X+@_ "RE](+( X;X =X ]S ;R( XE 8+X S+XJ ;+_
(=( CEX S++ A["; E0 X;+ @C(S"G+J E]+\+R' X;+ 4RSX @EE? X X;+ +C+\<?+
<@N CLOF8 O9$ F90D <-
C( X;+ ECX @C" "EAG+CSX+( 0ER X;+ SXR+SS0[@ >E[RC+_J C X;+ +\+C=C8 X;+_
R+CX+( GR=\X+ REEA C( XEE? ]@? @EC8 X;+ N[+ (+ ECX @C"' X;+
AESX +[X=0[@ SXR++X E0 +C+\O ];+R+ X;+_ XEE? X;+=R (=CC+R =C R+SX[RCXJ
C EC(_ [8[SX FY' FDaa' X;+_ \=S=X+( X;+ ;EC+ C?S' X;+ % @+ (+
ESS+[ C( \= X;+ ECX (+ EC@C" X;+ AR\+@@E[S GR? EC X;+ R=8;X @?+
C?J ;=@+ ;=S 8RC(0X;+R ]S ]=X=C8 =C X;+ GR?' R@ +CX+R+( X;+ XE]+R
E0 X;+ E@( "X;+(R@ ;\=C8 +[X=0[@ \=+]J N;+ "X;+(R@ =S ]=X; ]EE(<
"R\=C8S C( AEC[A+CXS [=@(=C8 E0 =CX+R+SX E0 4RSX RC?JO 0X+R @[C";
R@ \=S=X+( X;+ CX[R@ ;=SXER_ A[S+[A' N0ER A+ EC+ E0 X;+ +SX E>+"XS E0
=CX+R+SXJO R@ (+S"R=+( +^;[SX=\+@_ @@ X;+ E>+"XS =C X;+ A[S+[AJ 0X+R
(=CC+R R@ ]+CX ]=X; ;=S 8RC(0X;+R XE X;+ 0+ 4? =C ER(+R XE XX+C(
SXR=C8 ER";+SXR "EC"+RXJ C X;+ C+^X (_' 0X+R R+?0SX X;+_ +CX+R+(
X;+ SX+A+R E-@@ XE 8E EX=C8 0ER Fa ;E[RS EC X;+ +C+\ ?+J \=C8
+[X=0[@ ]+X;+R' R@ +C>E_+( X;+ EX XR=G SE A["; X;X ;+ ]REX+ C +^XR
RX="@+ EC X;=S EX E[X=C8 ]=X; X;+ X=X@+ N XE[R ([ "JO
C +(C+S(_ X;+_ @+0X +C+\J 0X+R C =CX+R+SX=C8 R=(+ @EC8 X;+ @?+
C? X;+_ RR=\+( X [SCC+ C( 0[RX;+R \= \+R(EC @EC8 X;+ C?S E0
X;+ +[";%X+@<?+ XE +[";%X+@ C( SX_+( X;+R+ 0ER EC+ C=8;XJ C X;+ C+^X
(_ X;+_ RE(+ _ XR=C XE =+@J 0X+R ;\=C8 @[C"; X;+_ XEE? ]@? X;RE[8;
X;+ NXE]C E0 X;+ 0[X[R+O' R+@@_ C+] XE]C N+"[S+ EC@_ SA@@ ?+RC+@ =S
E@(O C( GRX 0REA X;X @@ ]S AESX@_ C+] [=@(=C8SJ
0X+R X;+ S=8;X<S++=C8 XE[R X;+_ (+GRX+( 0ER E@EX;[RCJ @R+(_ X 4RSX
S=8;X X;+ XE]C A(+ 0\ER@+ =AGR+SS=EC C( X;+_ \=S=X+( @@ X;+ =AGER<
XCX E>+"XS E0 =CX+R+SX E\+R X;+ C+^X X]E (_SJ ;+C X;+_ RE(+ XE R[
];+R+ X;+_ SX_+( EC@_ 0ER EC+ C=8;X +"[S+ X;+ XE]C (=( CEX A?+ 8EE(
=AGR+SS=EC EC R@ C( R@QS 8RC(0X;+RJ
= [R="; C( ) [@"; X;+_ RR=\+( X ";1;[S+C EC X[R(_' [8[SX
F,' FDaaJ ;+_ \=S=X+( S+\+R@ GE=CXS E0 =CX+R+SX EC X[R(_ C( [C(_
C( @+0X ";1;[S+C EC X;+ C+^X (_J = ECSXC` C( XJ 8R+X;+C
X;+_ +CX+R+( [SXR= C( RE(+ XE C(+"? @+\=C8 R+8+C` C( +@(?=R";
+;=C( X;+AJ C C(+"? X;+_ SX_+( X X;+ +E?H! 0!?J 0X+R (=CC+R
R@ ]@?+( XE X;+ R[=C C(+"? C( X;+C X;RE[8; X;+ CC<@@+_J C X;+
]_ "? ;+ ;( C="+ \=+] E0 X;+ RS+=+R<+?J C X;+ ;EX+@ ;+ A+X ;=S
8RC(0X;+R =C "EAGC_ E0 C "L[=CXC"+ 0REA R` XE ;=S 8R+X >E_ C(
S[RGR=S+J C +(C+S(_' [8[SX ZZ' FDaa' X;+_ @+0X C(+"? C( RE(+ "?
\= CCSR["? XE R`J
;+ 4RSX A>ER +(["X=EC@ XR=G XE ]=X`+R@C( RE[8;X @EX E0 +^G+R=<
+C"+ 0ER R@ \EC +R`8;=' +^G+R=+C"+ ];="; ]S =AGERXCX 0ER ;=S 0[RX;+R
(+\+@EGA+CXJ C GRX="[@R' ;+ S] AC_ E>+"XS E0 =CX+R+SX' A[S+[AS C(
X;+ =AGR+SS=\+ ]=SS @C(S"G+ ]=X; X;+ A8C=4"+CX @GSJ X =S GGR+CX X;X
R@ ]S AESX@_ =CX+R+SX+( =C X;+ (+S"R=GX=EC E0 X;+ @C(S"G+' C( CEX A[";
=C X;+ ;=SXER_ E0 ]=X`+R@C( C( =XS SE"=@ C( "[@X[R@ @=0+J + CEX EC@_ (+<
S"R=+( X;+ G="X[R+SL[+ @C(S"G+ =C ;=S (=R_' ;+ @SE (R+] G+C"=@ (R]=C8S'
SEA+ \+R_ C="+ C( S?=@@0[@' EX;+RS' ;E]+\+R' ";=@(=S;J + @SE XR=+( XE G=CX
<J <@ F7 P;9 &FT024EG 247$2;;$# ;OL2 9$ 24G ;$ L; FL4& 9$ 2&;FS
]X+R<"E@ERSJ E]+\+R' ;+ ;( XE SXX+ X;X ;+ ;( CE X@+CX 0ER X;=S ?=C( E0
RXT X;[S ;+ ";ES+ EC@_ G+C"=@ (R]=C8S S ;E_ ];="; ;+ A=C@_ "RR=+(
EC ([R=C8 ;=S \"X=ECSJ
=S R+@X=ECS;=G XE ;=S 8RC(0X;+R S++AS XE ;\+ ++C @=XX@+ =C(=1+R+CXJ
C CE G@"+ =C ;=S (=R_ (=( ;+ A+CX=EC (=S"[SS=ECS ]=X; ;=A ER EX;+R +\+CXS
R+@X+( XE ;=AJ
C CEX+S' ]R=XX+C EC X[R(_' +GX+A+R F7' FDaa' ;+ (R+] S[AAR_
E0 ;=S XR=G XE ]=X`+R@C(J N[R=C8 X;+ ]=X`+R@C(<XR=G 0REA [8[SX Z XE
[8[SX ZY +CR=";+( A_ 8+E8RG;="@ ?CE]@+(8+ C( ?CE]@+(8+ E0 ;[AC
CX[R+ =C \+R_ "ECS=(+R@+ ACC+RJO
C S;ERX XR=GS X X;+ +C( E0 [8[SX C( X;+ +8=CC=C8 E0 +GX+A+R' FDaa'
;+ +"A+ "L[=CX+( ]=X; X;+ E@EA=X+SJ + RE(+ XE XJ ER+C`+C ];+R+ ;+
=AA+(=X+@_ XEE? ]@? @EC8 SA@@ R[CJ + +C>E_+( X;+ AR\+@@E[S \=+]
E0 X;+ C[A+RE[S ]=@( REACX=" AE[CX=C G+?SJ
0X+R ;=S (+GRX[R+ 0REA XJ =8=@ R@ ;=?+( X;RE[8; X;+ =`RR+ E@EA=X+S'
X;RE[8; "C_ECS' @EC8 _SS+S EC RE"?< C( ="+<4+@(S' C( @=A+ G@X+[SJ +
(+S"R=+( X;+ 8+E@E8="@ 0ERAX=ECS +^X+CS=\+@_ EC +=8;X G8+S =C ;=S (=R_J
0X+R S+\+R@ (_S E0 ;=?=C8 C( "@=A=C8 =X ]S X=A+ XE +C( X;+ XE[RJ
NE] ;=?+( EC X;+ RE( 0[RX;+R XE +@S+R8 H EC8[+@0E' X@_I' ]=X;
;+\_ ;+RX X?=C8 @+\+ E0 X;+ E@EA=X+S C( [S+( X;+ +=8;X<;E[R<XR=C 0ER
X;+ R=(+ "?JO
[R=C8 X;=S X=A+ R@ \EC +R`8;= CEX EC@_ (=S"E\+R+( X;+ @GS [X @SE
XR=+( XE (>[SX XE ;=AS+@0 C( XE ;=S +C\=RECA+CXJ NX X;=S SX8+ ;\+ @+0X
+@S";[@+<+(["X=EC H+"EC(R_ S";EE@I E0 S+\+C _+RS +;=C( A+ C( 0++@
X;+ (R=\+ XE GRE\+ ];="; ";C8+S =C A_ G+RSEC@=X_ ;\+ E""[RR+( GRX@_ _
A_ E]C ]=@@' GRX@_ ([+ XE E[XS=(+ =C6[+C"+J C"+ ]S ]+?J ]S S=C?=C8
=C X;+ AERSS E0 AC_ \="+S C( ;\+ XE R+G+CX C[A+RE[S S@=GSJ E]+\+R' X;+
(R=\+ 0ER (=S"E\+R_ ;S @=\+( =C A+ 0ER+\+RT ;\+ R+"E8C=`+( X;X ;GG=C+SS'
";R"X+R C( (R=\+ R+ +A+((+( EC@_ =C "EAG@+X+ S+@0<"ECXRE@' JJJ
"C SXX+ XE A_ GR=(+ X;X ;\+ XR=+( XE =AGRE\+ A_ S"=+CX=4" 4C(=C8SJ
;=S +1ERX ;S @+( A+ XE (E[X R+@=8=EC C( AX+R=@=SAT =C "ECXRSX XE X;=S
;\+ ;+R( E[X SG=R=X=SAJO
+SG=X+ @@ ;=S =AGR+SS=\+ XR\+@S ;=S \"X=ECS ]EC X;+=R 8R+X+SX S=8C=4<
"C"+ X;RE[8; X;+ "R+0[@ SX[(_ E0 R]=CQS X;+ER_ C( =C GRX="[@R' X;RE[8;
X;+ 0"X X;X ;+ +"A+ "L[=CX+( ]=X; SG=R=X[@ =(+SJ ;RE[8; X;=S "ECX"X
C =AGERXCX ";C8+ E""[RR+( =C ;=S G;=@ESEG;_ E0 @=0+J X+R=@=SA' ];=";
;+ ;( G_+( ;EA8+' ]S R+"E8C=`+( S =C"EAG@+X+J +@=8=EC' ];="; ;+ ]S
\+R_ S[G+R4"=@@_ 0A=@=R ]=X;' C( ];="; ;+ +SX++A+( @=XX@+' ;+ CE] R+"<
E8C=`+( S G;=@ESEG;="@ XR[X;J + (+S=R+( XE [=@( 0[RX;+R EC X;=S +X;="@
S=SJ
C X;+ 0@@ E0 FDaa R@ +CRE@@+( X X;+ +";C=S";+ E";S";[@+ =C R`' >[SX
C+^X (EER XE ;=S ;EA+ =C X;+ +";[+RSXR9+J ;+ +";C=S";+ E";S";[@+
R` ;( +A+R8+( 0REA X;+
ECC+[A 0E[C(+( _ R`;+RÈ8
E;CC =C F,FFJ
C F,V5WVV X;+ X+";C="@ S";EE@ ]S R=S+( XE X;+ !+2-@+! 4+@+C0!
<@N CLOF8 O9$ F90D <I
&294G2& ;2G2O7& 49 FT
&294G2& ;2G2O7& 49 FT 9$ 0F9$)L2&FEG 2;OG&

<' <@ F7 P;9 &FT024EG 247$2;;$# ;OL2 9$ 24G ;$ L; FL4& 9$ 2&;FS
]=X; 0+] 0"[@X=+S& +C8=C++R=C8' A+";C="@ +C8=C++R=C8' ";+A="@ X+";CE@E8_'

8R="[@X[R+ C( 0ER+SXR_J
C F,U, X;+ XXSGR) [0[C8+C HSXX+ +Â=CX=ECSI ]+R+ =CXRE(["+( C(
=C FDaF X;+ +";C=S";+ E";S";[@+ R+"+=\+( X;+ REAEX=ECSR+";X HR=8;X E0
8R([X=ECIJ X ]S X;+ ]=S; E0 ;=S 0A=@_ X;X R@ S;E[@( SX[(_ A+";C="@
+C8=C++R=C8 0ER X;+ C+^X 0E[R _+RSJ E]+\+R' X;=S SG+"=@ 4+@( (=( CEX GG+@
XE ;=A X @@ C( ;+ ]S EC@_ E""S=EC@@_ S++C =C X;+ @+"X[R+ ;@@S E0 X;+
C=\+RS=X_J C +^";C8+' ;+ +C>E_+( X;+ "(+A=" @=+RX=+S =C RX;+R (+SE@X+
ACC+RJ =S @=0+ S SX[(+CX ]S ]=@( C( X[R[@+CXT ;+ >E=C+( X;+ +@@="ES+
0RX+RC=X_ 20- C( SG+CX AESX E0 ;=S X=A+ (R=C?=C8' R=EX=C8 C( ([+@@=C8J
X X;+ +8=CC=C8 E0 [8[SX' FDaF' R@ \EC +R`8;= SXRX+( ;=S S+"EC(
+(["X=EC@ XR=G XE8+X;+R ]=X; ;=S 8RC(0X;+R R@ +R@+ - X;=S X=A+ XE +R<
AC_ =C ER(+R XE \=S=X X;+ "[@X[R@@_ AESX =AGERXCX G@"+S =C X;+ C+=8;ER<
SXX+ E0 [SXR=J ;+_ @+0X R` EC [8[SX 5 C( RR=\+( X @`[R8 =C X;+
0X+RCEECJ X ]S CEX +S_ XE 8+X ;EX+@ REEA +"[S+ A[S="<0+SX=\@ ;(
>[SX +8[CJ C X;+ C+^X (_ X;+_ RE(+ XE [C=";J C X;+ 0X+RCEEC R@ XEE?
]@? X;RE[8; X;+ "+CX+R E0 [C="; C( ]S =AGR+SS+( _ =XS AC_ A8<
C=4"+CX [=@(=C8SJ [R=C8 X;+ C+^X AERC=C8 ;+ \=S=X+( X;+ 0A! -2/4A+!/'
=C ];="; AC_ E0 [C=";QS AR\+@@E[S RX XR+S[R+S R+ "E@@+"X+(J R@ R+<
8R+XX+( X;X ;+ "E[@( CEX GGR+"=X+ X;+ ]ER?S E0 RX =C X;+ R=8;X ]_ ([+
XE ;=S @"? E0 +(["X=EC =C RXJ ]E @C(S"G+ G=CX=C8S XXR"X+(' E0 "E[RS+'
;=S 8R+X+SX XX+CX=ECJ _ ""=(+CX' ;+ S] SEA+ )E"?@=C R+GRE(["X=ECSJ =S
G=CX=C8S ;( C =RR+S=SX=@+ 0S"=CX=EC 0ER R@J ;+_ ]E?+ (=1+R+CX +AE<
X=ECS =C ;=A ];="; ;+ "E[@( CEX +^G@=C C( 0E[C( RX=EC@@_J + R+"E8C=`+(
X;X ;+ ;( XE 4@@ X;=S 8G =C ;=S +(["X=ECJ C X;+ C+^X (_ ;+ ]+CX ]=X; ;=S
8RC(0X;+R XE X;+ !C! -2/4A+!/J ;+ =AGR+SS=EC ]S @AESX AER+ @SX=C8
X;C X;X E0 X;+ 0A! -2/4A+!/J + 8=C (A=R+( X;+ @C(S"G+ G=CX=C8SJ
+ ]S @=XX@+ (=SGGE=CX+( _ X;+ C+1!@+00! H@@ E0 A+I ]=X; X;+
D?-J C ;=S @SX ]@? ;+ S] X;+ F-1-0-2!C1J RE( C( 8RC(
\+C[+ @+( ;=A XE X;+ E>+"X E0 =CX+R+SX' ]=X; =XS A=C A+AER=@S XE 8R+X
+RAC S";E@RSJ + @EE?+( 0REA X;+ SR<R=(8+ =CXE X;+ GR? (>E=C=C8 X;+
[=@(=C8' R+@ ]ER? E0 RXJ + XEE? S+X EC +C"; 0ER ];=@+ C( (A=R+(
X;+ [S;+S' =@@[A=CX+( _ X;+ +\+C=C8 S[C' ]=X; X;+ R+(<@=X ^=A=@=C+[A
8@+A=C8 X;RE[8;J
X ^=A=@=CSG@X` X;+_ "RESS+( X;+ XRE@@+_ @=C+SJ R@ ]S @ESX =C
X;E[8;X' X;=C?=C8 E0 @@ X;+ =AGR+SS=ECS ;+ ;( 8=C+(J [((+C@_' ;+ ;+R(
G=X=0[@ "R_=C8 +;=C( ;=AJ + @EE?+( "? C( ]S 0ER X;+ 4RSX AEA+CX GR<
@_`+( ]=X; X+RRERJ R@ S] ;=S 8RC(0X;+R @_=C8 EC X;+ XRE@@+_ @=C+S' +=C8
(R88+( ]_ _ X;+ XRE@@+_J ;=S ]S X+RR=@+ AEA+CXJ X @SX' X;+ XRE@@+_
SXEGG+( C( XE R@QS 8R+X S[RGR=S+ C( >E_ ;=S 8RC(0X;+R 8EX [GJ EA+
GSS+RS<_ @+( ;=A =CXE ;E[S+J R@ =CSG+"X+( ;=S 8RC(0X;+RQS =C>[R=+SJ
E]+\+R' 0ERX[CX+@_' X;+R+ ]+R+ EC@_ SEA+ S?=C RS=ECS C( S]+@@=C8S'
];="; ]+R+ L[="?@_ C(8+(J
<@N CLOF8 O9$ F90D <:
F7 G S;O90 GLO$&9L# <:UU@
;+ G@C XE @+\+ [C="; EC X;+ C+^X (_ ]S E0 "E[RS+ =C S( ACC+R
"C"+@@+(J R@ C( ;=S 8RC(0X;+R SG+CX X;+ C+^X (_ H[8[SX DI =C\E@[CXR<
=@_ =C [C=";J ;+ 4RSX XRE[@+ ]S SEEC E\+R"EA+ C( =C X;+ 0X+RCEEC R@
XEE? @EE? RE[C( =C X;+ A8C=4"+CX 2)0-@+!? ?A!2 HC8@=S; R(+CIJ
R@ C( ;=S 8RC(0X;+R "ECX=C[+( X;+=R XE[R EC [8[SX Fa' XE [R+A<
+R8' X;+ E@( XE]C ]=X; XX@+A+CXS' X[RR+XS' C( (R? CRRE] @C+S - R+"@@=C8
X;+ =((@+ 8+SJ C X;+ C+^X (_' R@ XEE? ]@? @EC8 X;+ ?!2 C(
;+ R+@@_ 8EX X;+ =AGR+SS=EC E0 C C"=+CX "SX@+J Y7 _+RS @X+R R@ ]E[@(
R+X[RC XE [R+A+R8 EC [S=C+SSJ
R@ C( ;=S 8RC(0X;+R \=S=X+( X;+ C+^X GE=CXS E0 =CX+R+SX =C =S+C"; EC
[8[SX FZ' FDaFJ R@ +C>E_+( X;+ @E\+@_ ;[R=C8= 0ER+SX EC X;+ C+^X (_J
@R+(_ X 0E[R EQ"@E"? JAJ ;+ SXRX+( ;=S XR=G X;RE[8; X;+ 0ER+SX SE@=X[(+T ;+
(A=R+( X;+ RX;[R8 EC ;=S ;=?+ C( ;+ R+"@@+( X;+ G@"+ E0 X;=S @C(AR?
=C +RAC ;=SXER_' =C GRX="[@R' =XS =AGERXC"+ 0ER X;+ 0RX+RC=X=+SJ C ;=S
X;E[8;XS ;+ "@@+( EC X;+ SX[(+CXS XE ?++G X;+ >E_ E0 SEC8S C( ]+GECS C(
XE "EC(["X X;+ R=8;X +0)!? HRG=+RI ]=X; ;ECERJ
C X;+ +\+C=C8 X;+_ RE(+ XE +=G`=8J E]+\+R' R@ (=( CEX @=?+ X;=S XE]CT
;+ 0+@X =X ]S XEE G@=CJ ;+R+0ER+' R@ C( ;=S 8RC(0X;+R ;+(+( EC 0[RX;+R
XE +R@=C =C X;+ +\+C=C8J ;+ C+^X AERC=C8 ;+ SXRX+( ;=S ]@? X;RE[8; +R@=C
=C X;+ 0AE[S SXR++X 2A!? !2 -2!2J =S +^G+"XX=ECS ]+R+ CEX @+X (E]CJ
;+ RE( SXR++X ]S +C"=R"@+( _ SG@+C(=( [=@(=C8S' RE_@ "SX@+S C( @E\+@_
GR?SJ C EC+ (=8C=4+( +C( ]S X;+ ?2!2C?)!? 4? C( EC X;+ EX;+R
NU <@ F7 P;9 &FT024EG 247$2;;$# ;OL2 9$ 24G ;$ L; FL4& 9$ 2&;FS
S=(+ X;+ ";@E9R) ["?+J +_EC( X;+ R=(8+ ;+ S] X;+ ;=8;@=8;X' CA+@_ X;+
C@A)?A!2J ER+E\+R' ;+ (A=R+( X;+ "X;+(R@ C( X;+ A[S+[AS EC X;+
A[S+[A =S@C(J [RX;+RAER+' =C X;+ 0X+RCEEC ;+ \=S=X+( X;+ ÈE' C( =C X;+
+\+C=C8' X;+ ES+R\XER_J
C [8[SX FV' FDaF' =C X;+ 0X+RCEEC' R@ C( ;=S 8RC(0X;+R A(+
XR=G XE EXS(A =C ER(+R XE \=+] X;+ "SX@+ CSSE["=J @X;E[8; ;+ ]S CEX
=C X;+ R=8;X AEE(' ;+ +C>E_+( X;+ SX_@=S; +[X_ E0 X;=S "SX@+ @E"X+( =C C
+^GC(+(' AR\+@@E[S GR? (+"ERX+( ]=X; SXX[+S' X+AG@+S C( 0E[CX=CSJ
]E (_S @X+R' R@ C( ;=S 8RC(0X;+R A(+ X;+=R ]_ XE A[R8J
;+_ SX_+( X;+R+ =C SG@+C(=( ;EX+@ ];="; ]S @E"X+( X X;+ @SX+RJ C
X;+ 0X+RCEEC X;+_ XEE? ]@? X;RE[8; X;+ "=X_J R@ ]S \+R_ G@+S+( ]=X;
X;=S =CX+R+SX=C8 C( ER=8=C@ XE]C& N +RAC +C="+JO C X;+ C+^X (_ X;+_
ER(+( EX C( \=S=X+( X;+ ;RER' EC+ E0 X;+ AESX 0AE[S ;RERS =C
X;+ ]ER@(J
C [8[SX ZF' R@ (=( ;=S GR=\X+ "ERR+SGEC(+C"+ C( 0X+R ;+ ;( "EA<
G@+X+( X;=S ;+ ]+CX ]=X; ;=S 8RC(0X;+R XE X;+ R=@]_ SXX=EC C( RE(+ XE
R+A+C' XE X;+ EX;+R A=C ;RER EC X;+ ERX;<+J ;+ R=(+ ]S "EA<
0ERX@+ EC+' GRX@_ X;RE[8; 0ER+SXS C( GRX@_ E\+R ]SX+ ;+X;<@C(J N;+
AESX =CX+R+SX=C8 G@"+ =C R+A+C =S ]=X;E[X (E[X X;+ AR?+XJ C"=R"@+( _
SG@+C(=( E@( ;E[S+S' GXR="=C C( 8[=@( ;E[S+S' X;+ SXE"? +^";C8+' C(' =C
GRX="[@R' X;+ "=X_ ;@@J C 0RECX E0 X;+ E@( @C(AR? E0 >[R=S(="X=EC' X;+ A_S<
X+R=E[S E@C(J ;+ [SX\ (E@0 C( X;+ =@;+@A AEC[A+CXS R+ @E"X+(
;+R+J ;+ =CX+R=ER E0 X;+ "=X_ ;@@ =S =C ""ER(C"+ ]=X; X;+ E[X]R( GG+R<
C"+' SG@+C(=( C( CX=L[+J C X;+ "+=@=C8 ;C8 SEA+ SA@@ S=@=C8<EXS' X;+
]@@S R+ "E\+R+( ]=X; "R\=C8S C( 0R+S"ESJ @SE X;+ "+@@R' R+@ (R=C?=C8
;E@+' =S L[=X+ ;=SXER="J [8+ RR+@S R+ S+X [G EC X;+ ]@@S 0ER X;=RSX_ SE[@SJO
C X;+ +\+C=C8 R@ GREGES+( XE @R+(_ XR\+@ XE E@E8C+ EC X;+ C+^X (_J
R@QS 8RC(0X;+R 8R++( =AA+(=X+@_' S X;+_ ;( S++C @@ GE=CXS E0 =CX+R+SXJ
;+ R=(+ XE E@E8C+ XEE? S+\+C ;E[RSJ C CC+ H+RC+I X;+_ +CX+R+( X;+
[;R R+ ]=X; @@ =XS ;+\_ =C([SXR_' G@CXS C( "E@ A=C+S C( X;+ NC="+
SA@@ ;E[S+S E0 ]ER?+RSJO C E@E8C+ X;+_ "RESS+( X;+ A=8;X_ R=\+R ;=C+
C( RR=\+( X E@E8C+QS A=C R=@]_ SXX=ECJ EEC X;+_ 0E[C( REEA =C
X;+ E-)! 16!J
C X;+ C+^X AERC=C8' [8[SX ZY' FDaF' X;+_ \=S=X+(' 4RSX' X;+ E@E8C+
X;+(R@J N C 0RECX E0 E[R +_+S X;+ A=8;X_ E@E8C+ X;+(R@' "E@ESS[S'
R=S+ST X;+ (=A+CS=ECS R+ +_EC( C_ =A8=CX=ECJ + +CX+R+( X;+ =CX+R=ER
X;RE[8; A+AER@+ @R8+ GERX@ C( ]+R+ SXEC=S;+( X X;+ S=AG@+ 8R+X<
C+SS' X X;+ AE(+SX ;RAEC_ E0 X;=S ;E[S+ E0 E(J E X;+ R=8;X C( XE X;+
@+0X X;+ "E@[ACS' A=8;X_' @=?+ X;+ XR[C?S E0 \+R_ E@( 0ER+SX' SXR=\+ [G]R(S'
SE X;X EC+ "C ;R(@_ 0E@@E] X;+A C( +C( [G X;+R+ =C A=8;X_ \[@XSJ ;+
0"+S E0 X;+ GESX@+S C( ARX_RS @EE?+( S+R=E[S@_ 0REA X;+ ;[8+ 8@SS ]=C<
(E]S JJJT +"; E0 X;+ AEC[A+CX@ S+"X=ECS R+X;+S X;+ =(+ E0 E( C( X;+
]=X;(R]@ 0REA X;+ [SX@+ E0 X;+ ]ER@(J C+ "E[@( CEX +R+"X AER+ (=8C=4+(
AEC[A+CX 0ER X;+ E( E0 X;+ ;R=SX=C ]ER@(JO
<@N CLOF8O9$F90D N<
;+XRE@@+_XEE?X;+AX;RE[8;X;+"=X_JR@QS=CX+R+SX=CX;+[=@(=C8S
]SCEX8R+XT;=SX;E[8;XS]+R+SX=@@]=X;X;+SG@+C(=(E@E8C+X;+(R@J
CX;+0X+RCEEC;+]+CX8=CXEX;+X;+(R@J(EERAC@+(;=A\=
]=C(=C8SX=RXE8@@+R_];+R+;+SXEE(=CX;+A=((@+E0X;+R";=X+"X[R@
S+"X=ECS(A=R=C8@@X;+(+X=@SE0X;+"ECSXR["X=ECJ
CX;+XE]+R;+A+X_E[C8AC0REA+R@=CJ++C>E_+(X;+X=A+]=X;
;=AC(]S8@(XE+^";C8+;=S=(+S]=X;G+RSEC];E0+@X@=?+;+(=(J
C [8[SX Z7' R@ C( ;=S 8RC(0X;+R A(+ X;+=R ]_ XE =C` \=
X;+ R=\+R ;=C+ EC X;+ SX+A EX C)C@A! -A4?-J ;=S XR=G =S SEA+ E0
X;+AESX+[X=0[@EX=C8=CX;+G="X[R+SL[+@C(S"G+E0 =((@++RAC_J
EECX;+_@+0XX;+6X@C(JEX;+@+0XX;+_S]X;+=++C8+=R8+]=X;X;+
"SX@+?+!2#!0@TAER+E\+RECX;+G+?SE0X;+AE[CX=CX;+4RSX"SX@+S'
S=@+CX ]=XC+SS+S E0 X;+ @EC8 +RAC ;=SXER_ @EE?+( (E]C [GEC X;+ ;=C+J
CE@+C`X;+EXRE[8;XX;+A=CXEX;+R+@;=C+@@+_]=X;X;+AESX
SG+"X"[@R\=+]SE0X;+R=\+RC?S'AE[CX=CS]=X;]=C+'"SX@+SC(A_S<
X+R=E[S";RAJR@\EC+R`8;=(+S"R=+(X;+EXXR=GECX;+;=C+]=X;X
X=A+S6ER=(@C8[8+NC+=SCEX0ER"+(XEX;=C?E0]=@('REACX=""C_ECJ
EJE]+\+R'X;+]EE(_;+=8;XS'G="X[R+SL[+=CX+RR[GX+(_\=C+_R(SC(
RE"?SJ CX;+S=CSX;+AESX@E\+@_XE]CSX;=C?@+'R+SX=@@=CX;+=R =((@+
8+8RJJJ;X@@"EA=C+(]=X;X;+\+C+R@+]R+X;E0@+8+C(S'];=";
R+X=+([GX+\+R_"ERC+RC(+\+R_G@"+E0X;=SAR\+@@E[SR+8=EC;S']=X;
X;+8R+X;=SXER="@GSX'C=C(+S"R=@+A8="0ER+\+R_R+"+GX=\+;+RXJO
XX;+ER+@+_C(X;+;=C+E"?X;+S+0++@=C8SR+";+(X;+=R"@=A^JN;+
GRES="SG+"XXER]E[@(S_S@X+<RE"?];=";GRE>+"XS=CXEX;+;=C+J S_
=X8=C&;+AR\+@@E[SS[RRE[C(=C8S'X;+8R++CSXR+A'=CX;+(=SXC"+'X;+
@E\+@_XJER'C(X;+E@("SX@+S'=C0RECXE0A+X;+]X+RR[S;=C8(E]C
8R+_ RE"? =S R=S=C8 SG;=C^<@=?+' X;+ S=@+CX ]=XC+SS E0 X;+ GSX E0 X;=S G@"+J
]SECX;+\+R8+E0X+RSJ@@X;+0++@=C8S'];=";AC_=CSG=R+(;+RXSE0
GE+XS]+R+@+XE0++@=CX;=SG@"+'GSS+(A_SG=R=X[@+_+T 0+@XX;+];E@+
SE@+ACAEE(J _X;E[8;XSREA+(X;+GSXXEX;XAC'EC];ES+S=(+
SG+CXX;+AESX+[X=0[@;E[RSC(];ES+A+AER_ ]=@@@SE@]_S?++G=C
S[";AEA+CXSOHRE@_X;+AC;+A+X=CE@E8C+=SA+CX'X;+[X;ERIJ
N;+ER+@+_;SGSS+(E[XE0E[RS=8;XC(;+R+X;+=C"EAGR@+;=C+
E"?+A+R8+SECX;+(++GC?0REAX;+8R++C++";0ER+SXJ;+";RAC(
X;+0S"=CX=ECE0X;=SR+8=EC=SS=AG@_=C(+S"R=@+J;+=(+'SXE;E]EC+
"C=A8=C+X;+"SX@+=CX;+E@(;+RE="@+8+C(S'S++ASXE"EA+XR[+JREAX;+
SXR+AX;+;=@@+A+R8+SSX++G@_S[RRE[C(+(_AR\+@@E[S++";+SJ[88+('
(\+CX[RE[SR=SE0RE"?C(S;RGGE=CXS=CX+RR[GXX;+8R++CC(;+R+EC
X;+R[88+(XEEX;<@=?+RE"?X;+"SX@+R=S+SSG="X[R+SL[+SGESS=@+TECX;+
S=(+CE@+EX;="";G+@J ]=@@(+S"R=+CEX;=C8=C(+X=@T=X=S=AGESS=@+
0ERA+J
E]']+;\+@+0X=C8+CJ @EE?"?XEX;+SG@+C(=(-!!?E0!2/,
10 T X;+ -!)!@@AAC! "ECXRSXS ]=X; X;+ R+(<;EX S[CS+X 8@E]J C S=@+CX

;9O8&9L
NN <@ F7 P;9 &FT024EG 247$2;;$# ;OL2 9$ 24G ;$ L; FL4& 9$ 2&;FS
A>+SX_ =X A?+S ?CE]C ]=(+@_ X;+ 8@ER_ C( X;+ 8R+XC+SS E0 X;+ +RAC
CX=ECT X;+ AEC[A+CX =S R+6+"X+( =C +RAC_QS AESX 0AE[S SXR+AJ EX
_+X ;\+ ]+ RR=\+( =C =C` C( @R+(_ CE] X;+ AE[CX=CS "ECXRSX ]=X;
X;+ @"? E0 X;+ C=8;X S?_J ;+ AEEC =S R+6+"X+( =C X;+ AR\+@@E[S SXR+A
];="; S++AS S =0 "E\+R+( ]=X; S=@\+R @=8;XJ +(=XX=C8 A @EE?=C8 0REA X;+
R=@=C8 XE X;+ ]\+S C( @+XX=C8 GSS +0ER+ A_ +_+S @@ =AGR+SS=ECS ];=";
;\+ 0+@X EC X;+ [C=L[+ ;=C+ XE(_JO
C X[R(_' [8[SX Z5' FDaF' R@ C( ;=S 8RC(0X;+R SG+CX X;+ ];E@+
(_ =C RC?0[RXJ R@ ]S CEX =C 8EE( AEE(J + (=( CEX @=?+ RC?0[RX
\+R_ A["; C( @SE ;=S R+@X=EC XE ;=S 8RC(0X;+R ]S CEX X;+ +SX =C X;=S
AEA+CXJ N _ 8RC(0X;+R =S ?=C(' 8EE( AC' 0[@@ E0 8EE(]=@@' [X ;+ =S
@R+(_ E@( C( A SX=@@ _E[C8 ACJ EX; R+ CEX ]+@@ AX";+(J +'
@R+(_ (+X";+(' S++S X;+ ]ER@( ]=X; "E@( +_+S' C( ' SX=@@ 0[@@ E0 +CX;[S=SA
C( 0CXS_T =X +"EA+S [C+R@+' XE S++ @]_S G+RSEC RE[C( A+ ];E
(E+S CEX S;R+ A_ 0++@=C8SJ X S++AS XE A+ X;X "CCEX +R X;=S SXX+
C_ @EC8+RJ =@( =C(=8CX=EC \R=+S ]=X; "EAG@+X+ =C(=1+R+C"+T ;\+ 0+@X
X;=S SXX+ E0X+C @R+(_' CE] =X =S AESX \+;+A+CXJ ;' ;E] S;@@ R+X;+
8=C' EC X;+ AE[CX=C' X;+R+ =S 0R++(EA/ ;X \@[@+ +C>E_A+CX X;=S XR=G
X;RE[8; X;+ +RAC GRE\=C"+S ]E[@( ;\+ X X;+ S=(+ E0 _E[C8 AC' 0[@@
E0 +CX;[S=SA C( +AEX=EC' @=?+ A+J 0 "E[RS+' X X;+ +8=CC=C8 CEX;=C8
]E[@( G@+S+ A+ C( S +0ER+ A+CX=EC+( XE(_ X;+ 0++@=C8 E0 "ECSXR=CX' E0
(=S"ECX+CX' ]S SXREC8+R X;C +\+RJ X @SX 8R([@@_ X;+ S;(E]S \C=S; C(
[C]=C( S@E]@_JO
;=8;@=8;X E0 R@QS +RAC_ XR=G ]S +=(+@+R8J N R\+@@E[S +=(+@<
+R8J ;+R+ =S ;R(@_ S+"EC( G@"+ EC +RX; XE + 0E[C( ];="; "C +
"EAGR+( ]=X; X;+ +[X_' ]=X; X;+ GE+XR_ E0 X;+ +=(+@+R8 "SX@+J +R+
CX[R+ C( X;+ ]ER? E0 AC R+ "EA=C+( =C G+R0+"X ;RAEC_' ];="; (+4+S
+\+R_ (+S"R=GX=ECJ X X;=S G@"+ CX[R+ S++AS XE ;\+ SG+CX @@ =XS ";RA=C8
XXR"X=ECSJ ;+ R+@=X_ +^"++(S X;+ 0CXS=+S E0 REACX="' SG@+C(=( "SX@+J
A S=XX=C8 ;+R+ =C X;+ (++G AEX' @@ RE[C( R=S+ \+R_ E@( =\_ "@( ++";+S
C( @=C(+C XR++S C( EC@_ SEA+ @EC+@_ S[CR_S 8+X @ESX =C X;+ S;(_ 8RE[C(J
A_SX+R=E[S R[S; 8E+S X;RE[8; X;+ 0ER+SX "+=@=C8' EC X;+ 8RE[C( SE[R"+
R=GG@+S X@?X=\+@_J ;=@+ A ]R=X=C8 =C X;+ AEX' CEX="+ RE?+C ]=C(=C8
SX=R"S+' [C"E\+R+( X[CC+@S C( \[@XSJ @@ X;=C8S "RR_ X;+ XR"+S E0 X=A+T
"@=A=C8 G@CXS "E\+R X;+ S( R+A=CSJO
;+C' R@ @+0X X;+ AEX C( ]@?+( XE AR\+@@E[S 0ER+SX' XE X;+ @R8+
X+RR"+S ];+R+ ;+ \=+]+( X;+ E@(' R+( "SX@+' C( +=(+@+R8 XE]C (=\=(+( _
X;+ R=\+R +"?RJ 0X+R \=S=X=C8 EX;+R GE=CXS E0 =CX+R+SX =C X;+ "SX@+ ;+ S=(
8EE(<_+ XE X;=S SG@+C(=( G@"+J C X;+ AERC=C8 E0 [8[SX Z,' R@ C( ;=S
8RC(0X;+R @+0X +=(+@+R8 C( ;+(+( 0ER @AJ E]+\+R' X;+ ]+X;+R ]S
SE ( X;X X;+_ (+"=(+(' 0X+R S;ERX SX_' XE R=(+ EC 0[RX;+R XE [C="; C(
XE @`[R8' ];+R+ X;+_ ;( @[C";J R@ ]S \+R_ ;GG_ ];+C X;+_ "A+ XE
X;+ @GSJ NJJJ A[SX SXX+ X;X E[R 0X;+R@C(' X;+ @GS' R+ +[X=0[@' XEEJ
E +[X=0[@' SE AR\+@@E[S @SE X;+ CX[R+T X;+R+ =S EC@_ EC+ X;=C8 A=SS=C8&
<@N CLOF8 O9$ F90D NM
X;+ 8R+X GSX' X;+ A+AER_ - X;[S X;+ ]ER?=C8 E0 SXREC8 CX=EC' X;X GSX
];="; +CSCR+S ]=X; S["; +\+R @SX=C8 A8=" X;+ ;=C+' X;+ @"? ER+SX' X;+
;[R=C8 ER+SX C( EX;+R R+8=ECSJO
S [S[@' X;+ +R@+W\EC +R`8;= 0A=@_ SG+CX X;+=R S[AA+R \"X=EC =C
X;+ "E[CXR_S=(+J ;=S _+R X;+ 0A=@_ ;( ";ES+C X;+ R[C(@S++J R@ C( ;=S
8RC(0X;+R' X;+R+0ER+' RE(+ XE X;=S AR\+@@E[S G@"+J ;+=R RR=\@ "A+ S
S[RGR=S+J R@ ]S \+R_ ;GG_ XE + "? 0X+R X;=S @EC8 >E[RC+_ C( XE S++
;=S 0A=@_ 8=CJ
[R=C8 X;+ C+^X (_S ;+ R+"E\+R+( 0REA X;+ +^;[SX=C8 XR=GJ =X; ;=S
S=SX+R @@ ;+ ]+CX EX=C8 EC @?+J [+ XE ;+R ?=C( C( 8+CX@+ ";R"X+R ;+
+C>E_+( ;+R "EAGC_J ;+ XE@( ;=A X;X S;+ ;( ;( ER=C8 X=A+ ([R=C8 ;=S
S+C"+ C( X;X S;+ ]S ;GG_ XE S++ ;=A 8=CJ @@ XE@( ;=A E[X SEA+
( E""[RR+C"+S E0 X;+ @SX AECX;J ER +ÂG@+' X;X ;=S 8RC(AEX;+R ;(
;( X;+ =CX+CX=EC E0 EG+C=C8 R@QS @+XX+RS =C ER(+R XE 8+X SEA+ =C0ERAX=EC
E[X ;=S G@CS =C ER(+R XE SGE=@ X;+AJ + ]S EX;+R+( X;X ;=S 8RC(AEX;+R
G@_+( 0@S+ 8A+J C "ECXRSX' ;+ 8EX XE ?CE] ;=S 8RC(0X;+RQS +SX S=(+
([R=C8 X;+ XR=GJ N+ =S =C(++( ]+@@<A+C=C8 C( 8=\+S A+ (\="+ =C C @]_S
R+SEC@+ ACC+R JJJ + =S =C AESX "S+S \+R_ S+CS=@+ (\=S+R @X;E[8;
([+ XE ;=S 8+ ;=S \=+]S R+ SEA+X=A+S "@E[(+(JO
[R=C8 X;=S X=A+ R@ \EC +R`8;= XR=+( AER+ C( AER+ XE G[X ;=S @=0+
=C ER(+RJ S A+CX=EC+( +R@=+R ;+ ]S CEX EX;+R+( _ ;=S SX[(_ X X;+ +";<
C=S";+ E";S";[@+ ];+R+ ;+ \=S=X+( X;+ @+"X[R+S E0 X;+ GRE0+SSERS \+R_ S+@(EA
([+ XE X;+ 0"X X;X ;+ ]S CEX \+R_ =CX+R+SX+( =C A+";C="@ +C8=C++R=C8
];="; ;+ ;( ";ES+C XE SX[(_ EC+ _+R +0ER+J E]+\+R' ;=S A=C GE=CXS E0
"EC"+RC ]+R+ EC X;+ EC+ ;C( X;+ ";ES =C ;=S X;E[8;XS C( +AEX=EC@ @=0+
C( EC X;+ EX;+R ;C( X;+ "EC6="X +X]++C ;=S =CX+@@+"X C( ;=S +AEX=ECSJ
C +GX+A+R F' FDaF' ;+ ]REX+ =C ;=S (=R_& NE(_ X;+R+ =S CEX;+R (_
=C ];="; "CCEX R=C8' A["; S S;E[@( @=?+ XE' ER(+R =CXE X;+ ";ES E0
X;+ X;E[8;XS' C( S["; (_S R+ (C8+RE[S 0ER A+J C A_ R=C @=+ SE AC_
C( SE (=1+R+CX =(+S C( X;E[8;XS C( GE]+R =C "EC0[S=EC X;X A CEX
S[RGR=S+(JO @SE' X;+ ";ES =C ;=S +AEX=EC@ @=0+ (=SX[R+( ;=AJ S @R+(_
=C(="X+( +R@=+R ;=S "(+A=" C(' =C GRX="[@R' ;=S 0RX+RC=X_ @=0+ ]S 4@@+(
]=X; +^[+RCX C( ]=@( +^XR\8C"+SJ 0X+R S["; N+^"+SS+SO ;+ "R=X="=`+(
;=S E]C +;\=ER ;+\=@_ C( GREA=S+( XE ";C8+ ;=S @=0+J E]+\+R' 0X+R
];=@+ ;+ 0+@@ "? =CXE ;=S ";EX=" @=0+<SX_@+ @X;E[8; ;+ A(+ 8R+X +1ERXS
XE [C(+RSXC( ;=S ";R"X+R=SX="S' XE ASX+R ;=S GSS=ECS' C( XE SXR+C8X;+C
;=S =CX+@@+"X[@ =@=X=+S _ R+(=C8 EE?S EC ;=SXER_' RX C( G;=@ESEG;_J C
ER(+R XE R=C8 ;=S X;E[8;XS =CXE ER(+R' ;+ R+( EE? -@A4?G 4# -2A-2)J
C X;=S E""S=EC ;+ ;( X;+ 0E@@E]=C8 =(+& NRXS S++AS XE + X;+ SA+ 0ER
0++@=C8 C( SG=R=X S S"=+C"+ 0ER X;+ =CX+@@+"X JJJ ;X =S SG=R=XM "CCEX C<
S]+R' ;\+ EC@_ ;[C";' [X "CCEX +^G@=CJ CX+@@+"X C( SG=R=X S++A XE +
X]E E0 X;+ (R=\=C8 0ER"+S E0 X;+ ;[AC A=C(' G+R;GS X;+R+ +^=SX EC@_ X;+S+
X]E' EX; ;\+ X;+=R SE[R"+ =C X;+ "[S@ R+L[=R+A+CXJ ;+ =CX+@@+"X R+L[=R+S
X;+ R+"E8C=X=EC E0 X;+ @E8="@ "ECX=C[=X_ E0 E""[RR+C"+S' X;+ +^G@CX=ECJ ;+
N/ <@ F7 P;9 &FT024EG 247$2;;$# ;OL2 9$ 24G ;$ L; FL4& 9$ 2&;FS
A=C( R+"+=\+S =AGR+SS=ECS' 0++@S X;+R+_ +[X_' 8EE(C+SS' C( 0++@S AER+ ER
@+SS X;+ =AG+X[S XE (+G="X X;+ G+R"+GX=EC =C "E@ERS' ]ER(S ER XEC+SJ ;+ A=C(
(+AC(S X;+R+0ER+ "+RX=C GSS=\+ R+@=`X=EC =C "ECXRSX XE X;+ "X=\=X_ E0
X;+ =CX+@@+"X ];="; ]CXS XE +CX+R X;+ =CC+R GRXJ ;=@+ =X G[XS [G ]=X; X;=S XE
@[^[R=X+ =C AEE(S C( 0++@=C8SJ C( =C ;C( ]=X; X;+ R+4C+A+CX E0 XSX+'
X;+ R+@=`X=EC E0 +[X_ +X"J' 8E+S @SE X;+ G+R0+"X=EC E0 RXJ ;+ (=1+R+CX
SX+GS E0 RX R+ X;+ R+@ R+6+"X=EC E0 X;+ +=X8+=SX HG=R=X E0 X;+ =A+SI (+@<
=C8 @]_S ]=X; X;X' ];="; X;+ "ECX+AGERR_ G+RSEC "ECS=(+RS S X;+ AESX
+[X=0[@' +A=C+CX' \+C+R@+JO
ER+E\+R' ;+ ]S E""[G=+( _ GE+AS' G;=@ESEG;_' +\E@[X=ECR_ X;+ER_'
C( @=X+RX[R+J C +GX+A+R 5' FDaF' ;+ R+( +C[QS GE+AS C( ;+ ]S
=AGR+SS+( _ X;+ A+@C";E@_ \+RS+S' (++G@_ G+C+XRX=C8 =CXE X;+ SE[@J ;+
E[C(+( @C8[8+ ;( C +CERAE[S' A_SX+R=E[S GE]+R E\+R ;=AJ + @=SX+(
=C ;=S (=R_ AC_ ]ER?S E0 ;[AC=SX (=S"=G@=C+& CXQS C( ";EG+C;[+RQS
]ER?S' ]R=X=C8S E0 G=CE`' +=C=`' C( @+=SX' GE+AS E0 ";=@@+R' E+X;+'
C( ;@C(' [X @SE ]ER?S E0 CX[R@ S"=+CX=SXS' CA+@_ S"@ C( R]=CJ
+ SXRX+( 8=C XE R+( X;+ ]R=X=C8S E0 X;+ G;=@ESEG;+R [SX\ ;+E(ER
+";C+R' G;_S="=SX C( G;=@ESEG;+R HF,aF - F,,UIJ C ;=S G;=@ESEG;_ =C6[+C"+(
_ X;+ X+ EACX="' ;+ ]S C +^GEC+CX E0 SG+"[@X=\+ X;+=SA EC X;+
S=S E0 GCX;+=SAJ R@ (A=R+( +";C+RQS =(+@ +CX;[S=SX="@@_J N+! 40
4 -@ @A-00 0-D! EC+ S;E[@( "R_ E[X ];+C EC+ "X";+S S=8;X E0 +";C+RQS
GCX;+=SX=" [C=\+RS+ G+C+XRX+( ]=X; SG=R=X JJJ C X;=S X+";=C8 E0 +";C+R
X;+ ];E@+ S[CC_' EGX=A=SX=" G="X[R+ E0 X;+ ]ER@( E0 "@SS="@ +@@+C=SA S++AS
XE R+\=\+J EX;=C8 AER+ E0 X;+ (R?' G+SS=A=SX=" X;E[8;X' X;+ ]ER@( S++AS
XE + X[RC+( =CXE C E\+R;GG_' R=8;X GR(=S+J ;+ ;[AC +=C8 =S CE
@EC8+R C [C@+SS+( GREX+=C C( "@EX E0 GREXEG@SA' [X RX;+R S_SX+AX="
+=C8 GRE\=(+( ]=X; (=1+R+CX SG=R=X[@ =@=X=+SJ REA @@ X;=S "C S++ X;X
X;+ +SX;+X=" C( @SE X;+ GR"X="@ \@[+ E0 S["; G="X[R+ E0 X;+ ]ER@( =S
=C+SX=A@+' X;+ +1ERX ]=@@ ;EG+0[@@_ G_ E1JO
C X;+ C+^X (_' +GX+A+R ,' FDaF' R@ \EC +R`8;= "ECX=C[+( ;=S
GRE0E[C( R+6+"X=ECS EC +";C+RQS G;=@ESEG;_J N=?+ ]RA=C8 6EE( E0 @=8;X
+";C+RQS X+";=C8 G+C+XRX+S A_ ;+RXJ A @R+(_ +8=CC=C8 XE "X"; X;+
CEX@+' AER@@_ =C\@[@+' X;E[8;XS E0 X;=S GREG;+XJ [@@ E0 8+CX@+C+SS C(
]RAX; ;+ GR+";+S ;=S ]=S(EAT =X GG+RS @=?+ XRCS48[R+( ;R=SX=C=X_J
+R+ ;\+ 0E[C(' 4C@@_' X;+ S+' ];+R+ ' [G XE CE]' =A< C( G@C@+SS@_
]C(+R+(' 4C@@_ 6E+ =C X;+ SXERA_ ]X+RJO
_ +GX+A+R V' FDaF' R@QS 8RC(GR+CXS ;( @R+(_ (+GRX+( XE]R(S
R` C( CE] ;+ +C>E_+( X;+ =R_ @"EC_ C( X;+ @R8+' @=8;X REEA ];=";
;+ "E[@( CE] [S+ @EC+J + ]+CX EX=C8 =C X;+ AERC=C8 C( (R+] SEA+
S?+X";+S =C ;=S S?+X"; @E"?J [R=C8 X;+ 0E@@E]=C8 (_S ;+ R+@@_ R+@^+( ]=X;
EX=C8 C( ;=?=C8' C( SEA+X=A+S ;+ XEE? CGJ =S AEX;+R C( ;=S S=SX+R
""EAGC=+( ;=A 0REA X=A+ XE X=A+ ];+C ;+ ]+CX XE [SS++J [R=C8 X;+
]@?S C( X ;EA+ ;=S X;E[8;XS SER+( XE G;=@ESEG;="@ L[+SX=ECS C(' =C
<@N CLOF8 O9$ F90D N-
GRX="[@R' XE X;+ ]ER?S E0 +";XC+RJ ER+E\+R' ;+ R+6+"X+( EC =C(+C+R8QS

!?0-2' C( EC X;=S E""S=EC R+"E@@+"X=ECS E0 X;+ AR\+@@E[S CSSE["=' C( =XS
(A=R@+ [=@(+R R+(+R=" X;+ R+X "A+ XE ;=S A=C(J N;=S R+S=(+C"+' X;=S
S[RRE[C(=C8 C( SE"=+X_' =C ];="; R+(+R=" SX_+(' C( X;+ 4C+ SG=R=X ];=";
]S =C;+R+CX =C ;=A' @+( X;=S G@"+ EC +RX; XE GG+R S GR(=S+ EC +RX;
X X;X X=A+J (A=R+ X;+ +^"+@@+CX' 4C+ C( CE@+ SG=R=X E0 X;=S ACJ + (=(
CEX =AGR+SS _ ;=S GE]+R C( X;+ S"EG+ E0 ;=S ?CE]@+(8+' [X _ ;=S CE=@=X_'
X;+ \+R=X@+ RE_@X_' ];="; (=SX=C8[=S;+S ;=S X;E[8;XSJO
N;X (=1+R+C"+ +X]++C X;+ (=SX=C"X 8R+X A=C(S& X;+ AE(+SX +G@+R'
X;+ 4C+ +=C=`' X;+ [@?_ @@+CSX+=C C( X;+ CE@+ R+(+R="' +"; E0 X;+A
(=SX=C"X G+RSEC@=X_T R+A+A+R X;+ "EAGR=SEC ]=X; X;+ G+?S E0 A=8;X_
AE[CX=C ";=C' ];="; R=S+S ;=8; =CXE X;+ (R? S?_J @@ (=1+R+CX C( C+\+RX;+<
@+SS A8C=4"+CX =C X;+=R ?=C(JO ;+ +CX;[S=SX=" (A=RX=EC E0 R+(+R=" X;+
R+X =S EC@_ [C(+RSXC(@+ =0 EC+ "ECS=(+RS X;+ 8+ E0 R@ \EC +R`8;= X
X;X X=A+J E(_' ]+ ?CE] X;X X;+ 0RC"EG;=@+ R+(+R=" ?C+] \+R_ ]+@@ ;E]
XE [S+ ;=S GE]+R C( X;X CEX @@ E0 ;=S X;E[8;XS C( "X=ECS ]+R+ =AGR=CX+(
]=X; G[R+ CE@+<A=C(+(C+SSJ
C X;+ SA+ (_ ;+ "ECX=C[+( ;=S R+6+"X=ECS EC R+(+R=" X;+ R+XJ NEX
EC@_ ;=S "X=ECS C( ;=S ]ER(S S;E[@( ES+R\+ [X' =C GRX="[@R' ;=S X;E[8;XS
];="; R+ X;+ SE[R"+ E0 EX;' 0ER+A+CX=EC+(J ;=S GE=CX ;\+ 0=@+( [G XE
CE]J ;\+ XE "EA+ XE @+RC 8=C XE(_ ];X GE=SEC=C8 "X=EC' =C GRX="[@R'
@S"=\=E[S X;E[8;XS ;\+J ;+ ];E@+ SE[@ =S G[X =CXE SXX+ E0 GRECE[C"+( @=SX<
@+SSC+S' @EES+C=C8J "@+R "E@@+"X=EC E0 X;+ SG=R=X' "EC(["X=EC E0 X;+ X;E[8;XS
XE 8EE( C( +[X_' X;=S =S X;+ EC@_ R=8;X X;=C8J S 0R S X;=S ]ER@(@_ ]=S<
(EA =S "EC"+RC+(' A+RSEC S++AS XE + X;+ +SX @+(+R C( (\=SERJ _
A^=A A[SX +& @@' X;X ];E@+ E0 @=X+RX[R+' X;+ +SX A=C(S' "C GRE\=(+
]=@@ "ECS[A+' ]=X; "@+R \=+] @EE?=C8 X;RE[8; C( S=0X =C ER(+R XE [=@( JJJ'
]=X; E]C =(+S' A_ ;+\+CJO
C +GX+A+R Za' X;+ ]+X;+R ]S S[G+R C( ;+ (+"=(+( XE ;=?+ X;RE[8;
;=S +@E\+( AE[CX=C RC8+' X;+ ";SX+=C R+J + G"?+( ;=S R["?S"? =A<
A+(=X+@_ ]=X; @@ X;+ +L[=GA+CX ;+ C++(+( 0ER X;+ XE[RJ X EC+ EQ"@E"? ;+
;( @R+(_ R+";+( ;=S =AJ + SG+CX S+\+R@ (_S =C X;+ ";SX+=C R+
H@@SX(X' =AEC_<) [XX+I ]=X; ;=?=C8' "@=A=C8 - C( S?+X";=C8' ;=S 0\ER=X+
;E_ =C R+"+CX X=A+J 0X+R X;+ \+R_ SXR+C[E[S XE[R ;+ "A+ "? XE X;+
SA@@ \"X=EC ;E[S+J \=E[S@_ ;+ ]S SE +^;[SX+( X;X ;=S S=SX+R (=( CEX
R+"E8C=`+ ;=A X 4RSXJ
=S S=SX+R ;( SXR[88@+( ([R=C8 ;=S S+C"+ ]=X; ;+R AEX;+R +"[S+ E0
@@QS =CX+RA=C@+ "RE";+X ]ER?J N (E CEX ?CE]' =S S;+ CEX @+ XE 4C(
CEX;+R ;E_J ;+ ]=@@ +"EA+ XEX@@_ SX[G=( C( [CSE"=@+J X =S SXRC8+
X;X S;+ (E+S CEX @=?+ C_ SE"==@=X_ C( X;+R+0ER+ S;+ =S GEG[@R CE];+R+J
]=@@ (E A_ \+R_ +SX XE R=C8 @@ =C "ECX"X ]=X; X;+ E[XS=(+ ]ER@(J C

O7 49$&9&F0# <:L2 &9LOFS QF4L&F# OL2;F&$ $&GF4=L4;9G ;) L;Q9G 9$ 79$3
G=&G@

7=2 7$; 8&FG;9# <'UM ( <''N# QG 9 8&F49 &GGS4GL 9$ =247;G;=2&F@
NJ <@ F7 P;9 &FT024EG 247$2;;$# ;OL2 9$ 24G ;$ L; FL4& 9$ 2&;FS
AESX GE=CXS S;+ =S X;+ (=R+"X "ECXRSX XE A+J C( "X[@@_ S;+ =S S["; 8EE('
S++A=C8 C=\+ C( (+R 8=R@JO
R@QS AEX;+R X;E[8;X @]_S E[X ;=S ;=?=C8 C( "@=A=C8 =C X;+
";SX+=C R+ C( S;+ "E[@( CEX "@A (E]C E[X X;+ R=S? ;+R SEC XEE?J
X X;+ +C( E0 +GX+A+R' R@ 8EX @=XX@+ ;EA+ S="?J N "CCEX (+C_& =X =S
]EC(+R0[@ EC R[C(@S++' 0R=+C(@_ X;+ 8R++C 0ER+SXS R+ SX=@@ S;=C=C8' ;E]+\+R'
X;+ @EC+@=C+SS' X;+ =C"X=\=X_ C( X;+ S+C"+ E0 E[X+R (=\+RS=EC 0ER"+( A+ XE
(+GRXJO
C X;+ C+^X (_S ;+ (+\+@EG+( AC_ ]=@( S+^[@ 0CXS=+S C( ;=S (+S=R+
XE \=S=X X;+ REX;+@ =C R` +"A+ \+R_ =CX+CS+J E]+\+R' ;+ ;( (
"ECS"=+C"+J NREA X;+ SXC(GE=CX E0 CX[R+' "[SXEA C( AER@=X_ X;+R+ =S
"X[@@_ CEX;=C8 AER+ EA=C@+ X;C ]EAC ];E GRESX=X[X+S ;+RS+@0 0ER
AEC+_ =C G[@="J ;=S X;E[8;X @EC+ S;E[@( ?++G A+ ]_ 0REA X;+S+ ];ER+SJ
E]+\+R' X;+ @[SX G[S;+( A+ "? 8=CJ ;="; ]_ S;E[@( (EGXM ;+
S+(["X=\+ 8=R@S >=88@+ =C 0RECX E0 A_ +_+S S;E]=C8 X;+=R 0+A=C=C+ ";RAS XE<
X@@_ 0RC?@_' X;+ ]+@@<(+\+@EG+( R+SXS C( G=L[CX @"? SXE"?=C8S ]=X; X;+
(+@="X+ GX+CX @+X;+R S;E+S' X;+ G@+SCX@_ SA+@@=C8 SX=RS C( ]RA +(S
JJJ ;X' _E[ RS"@& +R+ _E[R AE[X; SG+?S E0 CE@+ +RAC=X_' E0 0R++
S"=+C"+' E0 0=R A=C(+(C+SS C( G[R+ X;E[8;XS C( C+\+RX;+@+SS _E[ ]CX' =C
S;A+0[@ +AR"+ ]=X; GRESX=X[X+' XE SC++R X C_ AER@J E[ R+ GR+";<
=C8 E[X X;+ =(+@ E0 ;+@X;_ C( +[X=0[@ E(_' ;E]+\+R' =C "R=A=C@
+AR"+ _E[ S["? =C X;+ (R+(0[@ GE=SEC' ];="; ";C8+S X;+ ;[AC +=C8
=CXE @=\=C8 [X G[XR+0_=C8 "ERGS+J E' S;E[@( CEX SXC( X;=S "EC6="X =C
A_ CX[R+' 8+X ]_ ]=X; @@ E0 X;+S+ S;A+0[@ C( SE XE SG+? AER+ ER @+SS
GRESX=X[X+( X;E[8;XS JJJ ]=@@ X[RC A_ X;E[8;XS XE X;+ G[R+' +[X=0[@ ;_AC'
2& 8&8&FG ;) 9$74 >F7 G&;9$ 7&)L 49 6 F;Q? ;OL <:U<
<@N CLOF8 O9$ F90D NI
@=0X A_S+@0 =C R[X@ ]_ 0REA X;+ A[(J C X;=S G@"+ S]+R' C( \E]'
C( ]=@@ ?++G X;+ EX;' XE SX_ ]_ 0REA X;=S \="+ 0REA X;=S AEA+CX ECJO
C ;=S @SX (_ X X;+ @E\+@_ R[C(@S++ ;+ R+6+"X+( 8=C EC ;=S @=0+J N
;\+ "EC6="XS ]=X; A_ R+@X=\+S @AESX "ECSXCX@_' A[SX 8E @EC8 ]=X; X;+
"=R"@+S E0 "L[=CXC"+S' A[SX 0+R@+SS@_ ;C(@+ X;+ 0E=@S C( A[SX @]_S
R=C8 XE +R A_ G+RSECJO ER+E\+R' R@ R+0+RR+( XE X;+ G;=@ESEG;+R A+R<
SEC& N=X =S +S_ =C X;+ ]ER@( XE @=\+ ""ER(=C8 XE X;+ ]ER@(QS ]=@@ ER =C SE@=X[(+
""ER(=C8 XE EC+QS E]C ]=@@J PC@_ X;X AC ];E ?CE]S XE ?++G ;=S ER=8=C@=X_
=C X;+ ]ER@( =S X;+ XR[+ ACQ S_S A+RSEC C( ""ER(=C8 XE X;=S GR=C"=G@+
@=\+( ];+C +CRE@@+( X X;+ E";S";[@+JO
;+C ;+ ]S "? =C R`' R@ "ECX=C[+( ;=S +^"=X=C8' R+SX@+SS C( +\+CX<
0[@ @=0+J C E\+A+R ZY' FDaF' ;+ ]S @R+(_ X X;+ 2!-6! X , JAJ' (R=C?<
=C8 SX+(=@_ C( X;RE]=C8 (="+ +CX;[S=SX="@@_ ]=X; ;=S +@E\+( 0R=+C(SJ +
]S @R+(_ =C 8EE( AEE( X FF&Ya JAJ ];+C S[((+C@_ X]E EX;+R 0R=+C(S
+CX+R+( X;+ REEA ]=X; A["; CE=S+ C( S?+( X;+A XE >E=C X;+A C( XE R=(+ XE
+E+C' XE X;+ +(+RSGR[C8 H+X;+R
[AGIJ R@ 8R++( =AA+(=X+@_' RC
"? ;EA+' S?+( ;=S AEX;+R 0ER Fa REC+C HN[AA+( Fa REC+C 0REA A_
AEX;+ROI' G[@@+( EC ;=S @"? S@EEC S[=X C( >[SX F5 A=C[X+S @X+R X;+ 0E[R
C(@S ]+R+ X X;+ R=@]_ SXX=ECJ ;+ R=(+ ]+CX _ \+R_ 0SX ]=X; >E?+S
C( A+RR_ X@?SJ C R["? X;+_ ;( SC"? C( =C +E+C X;+_ ]+R+ +^<
G+"X+( _ SEA+ A+A+RS E0 X;+ 0RX+RC=X_J ;+ SG@+C(=(@_ 0[RC=S;+( C+=G+'
X;+ C="+ R+"+GX=EC C( X;+ 8EE( ++R =AGR+SS+( R@ \+R_ A[";' SE X;X ;+
(RC? @EX E0 X;+ SX[1J @R+(_ X U&75 GJAJ X;+ C+@1.4? SXEGG+( R@QS
(R=C?=C8J X+R' ;+ ]S EC ;=S ]_ XE X;+ ;EX+@ ESX' ];+R+ X;+ +(+RSGR[C8
]S XE E""[RJ ;+ C[A+RE[S 8[+SXS ;( X;+=R S+XS EC ;ERS+S;E+<S;G+(
(+S? C( X;+ 4RSX<S+A+SX+R SX[(+CXS E0 X;+ A=C=C8 "(+A_ ]+R+ S=XX=C8 X
C =SE@X+( X@+J ;+ =+RSG+RR+ H++R @E"?(+I ]S SXEGG+( C( R@ 8=C
(RC? AC_ 8@SS+S E0 ++R' SE AC_ X;X ;+ GSS+( E[XJ =S 0R=+C( RE[8;X
;=A XE ;=S GRXA+CX C( X;R+] ;=A =CXE ;=S +(' SE RE[8;@_ X;X R@ ;[RX
;=S CES+ S+R=E[S@_J
;+ C+^X (_ ]S 8=C 4@@+( ]=X; ++R C( ]=C+ (R=C?=C8' C( EC E\+A<
+R Z5' R@ ]S "? =C R` C( "RR=8+ H]+=SG)CC+RI RE[8;X ;=A XE
0R=+C(QS GRXA+CX ];+R+ ;+ R+@^+( 0REA X;+ (R=C?=C8 XR=GJ

2& &$&FG=FO90 QG L2& 849 &P&9L 49 GLO$&9L 74)& 49 &;&9 L L2& &0499490 ;)
L2& Q49L&F3G&8&GL&F@ 2& GLO$&9LG Q;F& 8;GL7S 849&FEG ;P&F77 9$ L2& 8&8&FG
;) L2& )FL&F94LS 7G; Q;F& 9$ 9$ = ;) L2& )FL&F94LS@ 2& 8&8&FG Q&9L L;
L2& &&F3FF&7 9$ );F8&$ 79&@ 2&9# L2& O2G85;F& >);R385;FG? =F;&&$&$
Q4L2 L2&4F % O2G&9 >);R&G? 49 G4907& ,7& L; L2& FF&7# 9$ 7G; L2& 496&9
>,92&G? Q2; Q&F& 9;L 8&8&FG ;) )FL&F94LS@ 2&9 L2& &$&FG=FO90 );77;Q&$
);F &P&FS S;O90 GLO$&9L@ & 2$ L; 748 L2& &&F3FF&7 Q4L2 07GG ;) &&F 49
24G F402L 29$@ 2& =F&G4$&9L G6&$ 248 );F 24G 98&# 24G GL9$490 >849490 ;F
8&L77OF0S?# 2;8&79$ 9$ 24G 8;LL;# 9$ 2& ,977S G4$" " #*. ."+( ))
! )#(! !*" ."+( )*!! 7;G& L; L2& % O2G&9 GL;;$ LQ; 0O&GLG ;) 2;9;F
2;7$490 7&L2&F =F;9@ )L&F $F496490 77 L2& &&F L2& GLO$&9L 5O8=&$ ;P&F L2&
7&L2&F C49L; 24G GL9$490D@
N' <@ F7 P;9 &FT024EG 247$2;;$# ;OL2 9$ 24G ;$ L; FL4& 9$ 2&;FS
E]+\+R' X;+ SX=C+C"+ 0REA ++R (=( CEX @SX \+R_ @EC8J @R+(_J EC
E\+A+R Z,' R@ ]S S=XX=C8 =C X;+ C+=G+ C( ;( X;+ =(+ XE =C\=X+ ;=S
0R=+C(S XE RRC8+ GRX_ =C ;=S REEA X ;EA+ H[(+C+C(IJ + R+X[RC+(
XE ;=S ;EA+' RRC8+( +\+R_X;=C8 C( SEEC 4\+ 0R=+C(S "A+ ]=X; FJ5 @=X+RS
E0 S";CGSJ ;+ "ERGS REX;+RS ]+R+ (R=C?=C8 C( SAE?=C8 @EX' X;+ AEE(
8+XX=C8 +XX+R C( +XX+RT =C ;=S +( SXEE( X;+ RE"?=C8<";=R C( @_ EXX@+S
C( ;=S ]R=X=C8 (+S? ]S G[((@+J =C@@_' R@ SXEGG+( X;+ GRX_J E]+\+R'
X;+_ "ECX=C[+( =X =C R+SX[RCX C( R@QS 0R=+C( XEE? ;=A XE ;=S GRXA+CX
X Y&Ya JAJ =C X;+ AERC=C8J ;+ C+^X ]++?S RC _ =C X;+ SA+ ]_J ER
+ÂG@+' =C X;+ A=((@+ E0 +"+A+R ERGS A+A+R ];E ;( +"EA+ C+@,
1.4? =C\=X+( 4\+ ) [";S+ H0E^+SI XE (R=C?=C8 +\+C=C8 =C X;+ ZC( 6EER E0
;E[S+ =C X;+ ";A=+(+8SS+ X U GJAJ =X;=C R+@X=\+@_ S;ERX X=A+ X;+ S=^
(RC? ;[C(R+( E0 EXX@+S E0 ++R E0 (=1+R+CX SERXSJ ;+ "ECS+L[+C"+ ]S X;+
"EAG@+X+ SE=@=C8 E0 X;+ 6EER C( X;+ "E[RX<_R( ]=X; X;+=R +^"R+A+CXJ \+C
X;+ 4RSX 6EER ]S CEX SGR+(J RE[C( A=(C=8;X X;+_ @+0X X;+ ;E[S+' A?=C8
@EX E0 CE=S+' C( EC+ E0 R@QS 0R=+C(S ]S RR+SX+( +"[S+ E0 (=SX[RC"+
C( +^X=C"X=EC E0 @AGSJ ;=@+ ;=S 0R=+C(S SXR[88@+( ]=X; X;+ GE@="+A+C' R@
]=G+( E[X R+( @AGJ ;ERX@_ 0X+R X;X X;+_ R[S;+( E1 XE X;+ REX;+@J
R@ SG+CX +] +RS \+ FDaFWFDaZ =C X;+ 2!-6! ]=X; (R=C?=C8 C(
(=S"[SS=C8 ]=X; ;=S "REC=+SJ E]+\+R' S;ERX@_ 0X+R A=(C=8;X ;+ @+0X ;=S 0R=+C(S
C( ]+CX ;EA+J + ]CX+( XE @+X X;+ GR+\=E[S _+R GSS =C R+\=+] C( XE @+X
;=S =A8=CX=EC ]C(+R =CXE X;+ 0[X[R+J H;+ R+@X=\+@_ "@A "+@+RX=EC E0
+] +RS \+ +"A+ @AESX XR(=X=EC =C R@ \EC +R`8;=QS 0[RX;+R @=0+IJ
+ ]S' =C 8+C+R@' G@+S+( ]=X; X;+ (+\+@EGA+CXS E0 X;+ @SX _+RJ E]+\+R'
EC+ R+L[+SX "A+ 0REA ;=S ;+RX& NS FDaF ]S _+R E0 XRCL[=@ X;=C?=C8'
E0 ]\+R=C8 C( E0 ";EES=C8' SE FDaZ S;E[@( +"EA+ 0ER A+ _+R E0 "X=ECJO
E]+\+R' (+SG=X+ ;=S 8EE( =CX+CX=ECS ;+ SG+CX 8=C A["; X=A+ ]=X; ;=S
0R=+C(S (R=C?=C8 C( X;=C?=C8 [G [C[S[@ GRC?SJ C+ C=8;X ;+ C( 0R=+C(
A(+ @EX E0 CE=S+ =C X;+ "=X_ GR?J ;+C GE@="+AC GG+R+( X;+_ "@=A+(
XR++ C( [S+( ;=AJ ER+E\+R' X;+_ R+@=+\+( X;+AS+@\+S E\+ X;+ GE@="+<
ACJ =C@@_' =C X;+ "E[RS+ E0 X;+ =C"=(+CX' R@ C( ;=S 0R=+C( ]+R+ RR+SX+(
C( X;+ C+]SGG+RS R+GERX+( X;+ SXER_ EC X;+ 0RECX G8+ [C(+R ;+(@=C+S S[";
S A?2)! -?@ -2 ?!! -2 A+! -AG ?/9 ;+ A[S+( >[(8+ =C X;+ "E[RX
"L[=XX+( EX;' N[X X;+ GE@="+ (+GRXA+CX ]S 0[R=E[SJ ;+_ GG+@+( XE
;=8;+R "E[RX C( ]EC X;+ "S+J + ]+R+ X;R[SX =CXE >=@ C( R+"+=\+( ((=<
X=EC@ G[C=S;A+CX EC ""E[CX E0 P(=SER(+R@_ "EC(["X =C >=@Q' +"[S+ ]+ ;(
R=+( X;+ >=@ C( X[RC+( E[R SE>E[RC =CXE CE=S_ C( >E@@_ GRX_JO ER+E\+R'
NX;+ =C"=(+CX ]S RE[8;X XE X;+ XX+CX=EC E0 X;+ 0"[@X_' C( S=C"+ ]+ @R+(_
;( ( R+G[XX=EC C( RX;+R \E@[A=CE[S GE@="+ R+"ER( X;+ "ECS+CS[S
E0 EG=C=EC ]S X;X ]+ ]+R+ R=G+ 0ER +^G[@S=ECJO E]+\+R' X;+R+ ;( EC@_
++C X;R++ +^G[@S=ECS =C X;+ +CX=R+ ;=SXER_ E0 X;+ +";C=S";+ E";S";[@+ E0
R`J ;+ 4RSX EC+ "ECXR=[X+( C =AGERXCX =C\+CX=EC XE +@+"XR="@ X+";CE@<
E8_T X;+ S+"EC( EC+ "ECSXR["X+( SX+A X[R=C+T C( X;+ X;=R( EC+ +"A+
0AE[S ";[R"; R";=X+"X =C +RAC_J \=E[S@_ X;+ +";C=S";+ E";S";[@+
<@N CLOF8 O9$ F90D N:
;( +^G+@@+( X;+ ]REC8 G+EG@+' C( X;+ GRE0+SSERS ]+R+ +8=CC=C8 XE (]C
EC X;+A X;X X;+ _E[C8 SX[(+CX R@ A=8;X (+\+@EG =C X;+ SA+ ]_ S ;=S
GR+(+"+SSERSJ X ]S RE0+SSER =XX+C[+R ' R@QS GRE0+SSER 0ER A+";C="S'
];E X[RC+( X;+ X=(+' C( ];E +"A+ ;=S 0X;+R@_ 0R=+C( [CX=@ =XX+C[+RQS
(+X;J
X X;+ +8=CC=C8 E0 X;+ C+] _+R ;+ SG+CX A["; X=A+ ]=X; (=1+R+CX 0R=+C(SJ
;+ (=S"[SS=ECS +X]++C X;+A ]+R+ "EC"+RC+( ]=X; X;+ R=8;X (>[SXA+CX XE
@=0+' =C GRX="[@R' XE ;=S 0RX+RC=X_J C X;+ 4RSX (R0X E0 @+XX+R XE 0R=+C(
0REA R"; F5' FDaZ' ;+ SG+"=4+( ;=S EG=C=EC E0 X;+ 0RX+RC=X_J N;+ ERGS
=S "EAGC_ E0 _E[C8 A+C' S0+ R+XR+X E0 R+@ 0R=+C(S;=GJ \+R_E(_
=S R+SGECS=@+ 0ER +\+R_ EC+ +@S+' [G XE X;+ @SX (REG E0 @EE(J ;=S =S X;+
=(+@ E0 _E[X;& XE ;\+ 0R=+C(S' [GEC ];EA EC+ "C R+@_J + SG+C( XE8+X;+R
X;+ C="+SX ;E[RS' ]+ (R=C?' R+ +CX;[S=SX=" C( S=C8 C( S;+( E[R @EE( 0ER
E[R CC+R =0 X;=S =S C+"+SSR_J E]+\+R' ];+R+ R+ X;+ SG=R=X[@ G@+S[R+S'
X;+ =AGRE\+A+CX E0 X;+ ;[AC +=C8M ;+R+ =S X;=S AR\+@@E[S E"+C E0
;EG+S' E0 S[GR+A+ ;GG=C+SSM ;=S S;E[@( S@E]@_ 8E C[A =C A+MO 0X+R'
GR=S=C8 X;+ 0RX+RC=X_ ;+ ;( XE R+GERX XE ERGSG;=@=SX+R =C GR=@' FDaZ'
X;X X;+_ ;( A["; XRE[@+ =C X;+ 0RX+RC=X_J C X;+ "E[RS+ E0 X;+ ]=CX+R
S+A+SX+R S+\+R@ ERGS SX[(+CXS ;( XE + (=SA=SS+(J ;+C X;+_ [(=X+(
X;+ EE?S X;+_ 0E[C( SEA+ 4CC"=@ A=SAC8+A+CX' ];="; S[RGR=S+( X;+AJ
+ R+L[+SX+( X;+ ERGSG;=@=SX+R XE (ECX+ AEC+_J X X;+ +C( E0 ;=S @+XX+R
;+ R+GERX+( X;X X;+ =CC+R ERGS<"EC(=X=ECS ;( ++C A["; =AGRE\+(J NS
ERGS<[RS";+ C( X;+C S +C=ER S[""++(+( =C R=C8=C8 X;+ SXR="X+SX
(=S"=G@=C+ XE X;+ ERGSJO ER+E\+R' R@ SXX+( X;X X;+ RE[8; XEC+ X X;+
C+=G+' ];="; ]S RE[8;X =CXE X;+ ERGS _ A+A+R E0 X;+ 0RX+RC=X_ ;(

&F$499$ 4LL&9O&F QG ;F9 49 FOF0 ;9 L2& FO > F4;? ;9 &FOFS
<'# <'-I# G L2& G;9 ;) F&048&9L7 8&$47 ;+&F@ & LL&9$&$ L2& &F3
F&7G2O7& 49 FT 9$ GLO$4&$ 49 L2& &9049&&F490 )O7LS ;) L2& &294G2&
;2G2O7& 49 FT@ 9 <'IJKII 2& G&FP&$ G P;7O9L&&F 49 L2& F8S );F ;9&
S&F 9$ QG ==;49L&$ 74&OL&99L 49 4&99@ & ,94G2&$ 24G GLO$4&G Q4L2 L2&
$4=7;8 &R849L4;9 L L2& &294G2& ;2G2O7& 49 FT 49 <'I:@ 2&9# 2&
&8& GG4GL9L L L2& 24F );F F;$ 9$ F4$0& ;9GLFOL4;9 ><'I:3<''N? 9$
$4$ 24G 2474LL4;9 L2&G4G 49 L2&;F&L47 8&294G 9$ 0F=247 GLL4G@
4LL&9O&F 2$ &&9 ;9 GL47 7&P& L L2& O94P&FG4L4&G 49 &F749 9$
F&4OF0 48 F&4G0O >&F89S?@ 9 <':< 2& L;;6 ;P&F L2& )O77 =F;)&GG;FG24= );F
8&294G 9$ L2&;F&L47 8&2947 &9049&&F490@ & QG ==;49L&$ *"( ;)
L2& &294G2& ;2G2O7& 49 FT 49 <:<<K<N@
4LL&9O&F 4G F&$4L&$ G L2& F&L;F ;) 0F=247 $S984G# ,&7$ Q242 2G
$4G==&F&$ ;8=7&L&7S 49 L2& 8;$&F9 &F@ & 9;L ;97S Q;F6&$ 49 24G G4&9L4,
,&7$# OL FL2&F 2& QG 49 $$4L4;9 9;L&$ =;&L 9$ =7SQF402L# &@0@# ( ((
,"! +(!( >2& ;;7 ;) OF&8&F0? 9$ ( (,*"/!* >2& 94P&FG4LS
&LOF&F?@ ;F&;P&F# 2& QG P&FS ;9G&FPL4P& 9$ F4GL 746& 89S ;L2&F =&;=7&
49 L24G =FL ;) ;7$ OGLF4 49 L24G L48&@
&F$499$ 4LL&9O&F $4&$ 49 FT ;9 &FOFS <J# <:NN@

;F=G=2474GL&F 4G 9 7O89OG >7L&F &FF? ;) L2& ;F=G# Q2&F&S ;F=G $&9;L&G

G=&47 )FL&F94LS Q4L2 4$&74GL4 0;7G@
MU <@ F7 P;9 &FT024EG 247$2;;$# ;OL2 9$ 24G ;$ L; FL4& 9$ 2&;FS
XEX@@_ \C=S;+( +"[S+ X;=S A+A+R ]S 0ER=((+C [C(+R S+\+R+ G+C@X_ XE
[S+ S["; RE[8; XEC+J
C _ FV' FDaZ' ;+ +^GR+SS+(' 0ER X;+ 4RSX X=A+' SEA+ X;E[8;XS "EC<
"+RC=C8 ;=S SX[(=+SJ NE]' ]=@@ "EC"+CXRX+ EC A_ SX[(=+SJ ]=@@ +8=C ]=X;
AX;+AX="SJO
C [8[SX Fa' FDaZ' R@ SG+CX 0ER X;+ X=A+ +=C8 ;=S @SX (_ X
R[C(@S++ ];+R+ X;+ 0A=@_ ]S 8=C EC \"X=ECJ ;+ ];E@+ (_ ;+ G"?+(
0ER ;=S X;=R( C( @SX +(["X=EC@ XR=G ]=X; ;=S 8RC(0X;+R' XE X@_J + ]S
@=XX@+ 0R=( X;X ;+ ]S CEX X;=S X=A+ ]+@@ +CE[8; GR+GR+( 0ER X;=S ]EC(+R<
0[@ "E[CXR_J ;+ EC@_ EE? E[X X@_ ];="; ""EAGC=+( ;=A ]S E+X;+QS
A0-!2-@+! !-@!' N G+R@ 0ER ;=S GE]+R E0 ES+R\X=EC C( A=C(' R=@@=CX
+ÂG@+ 0ER @@ ;=?+RSJO C X;+ C+^X (_ X;+_ SXRX+( EC X;+=R @EC8 XR=GJ R@
]S CEX =C 8EE( AEE(T X;+ XR=C RER+( X;RE[8; (+CS+ 0E8 C( SEA+X=A+S
R=C SG@S;+( 8=CSX X;+ ]=C(E]SJ 0X+R @EC8 R=(+ X;+_ RR=\+( X =@@";J
;+ ];E@+ XE]C (=( CEX =AGR+SS R@ \+R_ A[";J ;[S' ;+ ]EC(+R+( E[X
;RAEC_' E[X G+SS=A=SXS C( X;+ R";=X+"X[R+ E0 SEA+ [=@(=C8S =C =@@";J
+ ]S A["; AER+ =AGR+SS+( _ (=C+& N;+C +CX+R+( X;+ A=C G@"+
E0 (=C+ XE(_ =C X;+ AERC=C8' "EA0ERX@+ 0++@=C8 "A+ E\+R A+T X;=S ]S
8=C \=+] ];="; R+\=\+S X;+ +_+SJ +4C+( @=C+S' CE@+ 0ERAS' CE (=S;R<
AEC_JO ;+C R@ \EC +R`8;= (+S"R=+( X;+ XE]C C( =XS =C;=XCXSJ N;+
;E[S+S R+ CRRE] C( ;=8; C( CEX R+8[@R' JJJO E]+\+R' R@ ]S CEX EX;<
+R+( _ X;+ =RR+8[@R=X=+SJ N;+ @_R=CX; E0 CRRE] SXR++XS JJJ ]=X; G@"+S
C( SA@@ ;E[S+S R+ =C;=X+( _ "R+0R++' @]_S ";++R0[@' +^XR+A+@_ C=\+
CX=\+ "RE](JO C X;+ "+CX+R E0 X;+ XE]C R@ "E[@( S++ X;+ E@( "SX@+ EC
;=@@J =S EG=C=EC E0 X;+ X@=CS ]S CEX \+R_ ;=8;& N;+ X@=CS R+' S =X
GG+RS XE A+' CEX \+R_ "G@+ C( \=X@ CX=EC C_AER+J ;+_ @=\+' SE XE
SG+?' [C(+R X;+ GREX+"X=EC C( [C(+R X;+ C=A[S E0 X;+=R 8R+X C"+SXERS'
;RA@+SS' "R+0R++ C( >E_0[@ +^=SX+C"+JO
REA (=C+ X;+_ RE(+ X;RE[8; 0R[=X0[@ C( @E\+@_ EAR(_' 0[@@ E0 C="+
"E[CXR_ ;E[S+S C( GSS+( X;+ 0S"=CX=C8 @8EECS E0 +C="+ ]=X; X;+ 8R+X
"E@E[R ;RAEC_J
C [8[SX F7' X;+_ SX_+( 0ER ];=@+ =C ([' ];+R+ X;+ 8R+X @=@+E
;( SG+CX SE AC_ _+RSJ R@ (+S"R=+( =C (+X=@ X;+ XE]C' =C GRX="[@R'
X;+ S=@=? C( X;+_ RR=\+( =C E@E8C' @E"X+( X X;+ 0EEX E0 @G+C=C+S'
X S[CS+XJ ;+ "E@E[R +1+"XS ]+R+ SE ]EC(+R0[@ C( AR\+@E[S X;X R@ ]S
[C@+ XE (+S"R=+ X;=S 0S"=CX=C8 SG+"X"@+J
@ER+C"+' X;+ >+]+@ E0 [S"C_' ]S X;+ C+^X (+SX=CX=ECJ C X;=S (_
H[8[SX F5I R@ ]S \+R_ (+GR+SS+(J ER+E\+R& X;+ "ECSXCX 8R=G=C8 E0 ;=S
8RC(0X;+R A(+ ;=S SXX+ ]ERS+J +\+RX;+@+SS' R@ XEE? ]@? X;RE[8; X;+
A+XREGE@=S E0 RXSJ + ]S (++G@_ =AGR+SS+( _ X;+ @`È =XX=' (+S=8C+(
_ R[C+@@+S";= =C F77a 0ER X;+ 0A=@_ =XX= C( @X+R +C@R8+( XE X;+ @R8+SX
G@`È E0 @ER+C"+J X @EE?+( XE ;=A A8C=4"+CX' [C0ER8+X@+' X;E[8; ;E]<
+\+R' S+\+R+ C( (+GR+SS=C8J
<@N CLOF8 O9$ F90D M<
C X;+ C+^X (_' [8[SX FV' R@ \EC +R`8;= \=S=X+( X;+ 2`=+C ];=";
;E[S+S EC+ E0 X;+ AESX =AGERXCX "E@@+"X=EC E0 G=CX=C8SJ +S=(+S "EAG@+X+
S[R\+_ E0 [S"C=C RX H0REA =EXXE XE EXX="+@@=' +ECR(E ( =C"= C(
=";+@C8+@EI X;+ 2`=+C @SE "ECX=CS A8C=4"+CX ]ER?S E0 8R+X G=CX+RS
0REA EX;+R X@=C R+8=ECS H1+@' =`=C C( =CXER+XXEI C( +RAC
H)[R+R' RC"; C( E@+=CIS ]+@@ S @+A=S; C( [X"; ASX+RS H[+CS'
+ARC(XIJ ;+ AR\+@E[S ]@@< C( "+=@=C8<G=CX=C8S ]+R+ ]ER?+( E[X _
SR= C( ;=S SX[(+CXSJ "[@GX[R+S 0REA =";+@C8+@E' =AE@E8C C(
+RE"";=E +A+@@=S;+( X;+ REEASJ R@ (A=R+(' =C GRX="[@R' X;+ E?EEC
8RE[G C( X]E G=CX=C8S _ [+CSJ + R+8R+XX+( X;X ;+ "E[@( CEX S++ @@
X;+ +C(@+SS SG@+C(ER ([+ XE X;+=R S;ERX SX_ =C @ER+C"+J ER X;+ SA+ R+SEC
;+ "E[@( X?+ EC@_ ;[RR=+( @EE? X X;+ "X;+(R@J
;+ C+^X (_QS SXEG H[8[SX F,I ]S EA+' X;+ @+8+C(R_ "G=X@ E0 X@_
]=X; =XS R="; ;=SXER_J R@ SX_+( ]=X; ;=S 8RC(0X;+R 0ER X;R++ (_S =C EA+'
S[R+@_ XEE S;ERX XE S++ @@ X;+ GE=CXS E0 =CX+R+SXJ R@ R+SXR="X+( ;=AS+@0 XE
\=S=X=C8 X;+ A=C GE=CXS' CA+@_ X;+ XJ +X+RQS X;+(R@' ER[A EAC[A'
C( X;+ E@ESS+[A' C( ;+ +C>E_+( EA+QS XAESG;+R+J + R+8R+XX+( \+R_
A["; X;X ;=S SX_ ]S SE S;ERXJ NR(@_ (E +8=C =C EA+ XE ]?+
C( XE @EE? AER+ 0R++@_ ]=X; AER+ [C(+RSXC(=C8 C( @R+(_ CE] A[SX
@+\+J X =S S( XE ;\+ XE GRXJ +R@_ +\+R_X;=C8 R+A=CS [C(=8+SX=@+J
;\+ +^G+R=+C"+( EC@_ 8@=CX E0 X;+ 8R+XC+SS C( X;+ +[X_J EA+ ;S
X;+ +1+"X E0 +CE@=C8 ];+C EC+ ?++GS E[X @@ X;+ \[@8R X;=C8SJO X X;+ +C(
E0 ;=S \"X=EC =C EA+' ;E]+\+R' ;+ +^GR+SS+( SEA+ EGX=A=SX=" X;E[8;XSJ
N;+ @C8[8+ E0 RX +"EA+S "@+R+R C( "@+R+R XE A+ =C A_ A=C(J ;+
R+X;<X?=C8 XR8+(_ E0 =";+@C8+@EQS EEAS(_' X;X "RE[";+( 48[R+ ];E
(+SG+RX+@_ X+RS =XS ;=R' ;( A=8;X_ =AGR+SS=EC EC A+J 8R+X' ;+\_ G@C
8RE]S S@E]@_ =C A+J ]=@@ (+S"R=+ E[R "ECX+AGERR_ S=X[X=ECS =C ]ER? JJJ'
]=@@ @_ (E]C XE A_S+@0 C( EX;+RS "@+R@_ X;+ R+@X=ECS =C ];="; ]+ SXC( XE
RX C( S"=+C"+' ]=@@ +^G@ER+ X;+ R+@X=EC +X]++C A=C( C( =CX+@@+"X' ]=@@ G[X
=CXE ]ER(S X;+ (C8+R' A_ ;X+ 8=CSX ]+?C+SS C( S+CXA=C(+(C+SS C(
]=@@ 0R++ A_S+@0 0REA X;X [R8+ ]=X; ];="; ]+ R+ @@ ;+R+(=XR=@_ X=CX+(JO
;+ SE[X;+RCAESX XE]C E0 R@QS XR=G XE X@_ ]S G@+SJ =S \"X=EC
@SX+( 0REA [8[SX ZF XE [8[SX ZVJ G@+S =S @E"X+( =C 0CXSX="@@_
+[X=0[@ @C(S"G+ EC X;+ (++G @[+ 8[@0 E0 X;+ SA+ CA+' ]=X; +S[\=[S =C
X;+ "?8RE[C(J [+SXS R+ 0S"=CX+( =C X;=S XE]C _ X;+ "E@ER0[@ C( CE=S_
\=X@=X_ =C X;+ SXR++XSJ ;+ CRRE] @C+S ]=X; AC_' "E@ER0[@ S;EGS C( X;+
]S;=C8 ;[C8 +X]++C X;+ ;E[S+S' R+ \+R_ G="X[R+SL[+J
R@ \EC +R`8;= ]S (+GR+SS+( EC X;+ 4RSX (_J X A_ + X;X ;+ ;(
8EX X=R+( +"[S+ ;+ ;( @R+(_ SG+CX X+C (_S =C X@_ C( X;+ XE[R ]S
SXR+C[E[SJ C X;+ C+^X (_ ;+ 0+@X A["; +XX+R C( ;+ \=S=X+( X;+ EAG+==C
A[S+[AJ E]+\+R' X;+ A[S+[A ]S "RE](+(T X;[S ;+ 8EX EC@_ G+R0[C"XER_
=AGR+SS=ECJ ;+ R+SX E0 X;+ AERC=C8 ;+ [S+( XE X;+ =C X;+ +(=X+RRC+C
+J C X;+ 0X+RCEEC ;+ \=S=X+( C L[R=[A XE8+X;+R ]=X; ;=S 8RC(0X;+R'
MN <@ F7 P;9 &FT024EG 247$2;;$# ;OL2 9$ 24G ;$ L; FL4& 9$ 2&;FS
];+R+ ;+ "E[@( (A=R+ X;+ "E@ER0[@ 4S;T ;+ ]S G@+S+( C( @+0X X;+ L[R=[AJ
[XS=(+ ;+ +C>E_+( SG+"X"[@R S[C S+XJ
C [8[SX ZY' R@ C( ;=S 8RC(0X;+R ]+CX EX=C8J ;+ AESX =CX+R<
+SX=C8 G@"+ 0ER R@ ]S E\=E[S@_ GR=J + A+CX=EC+(' =C GRX="[@R' X;+
@[+ REXXE' ];+R+ X;+ ]X+R S;=C+S SG@+C(=( S?_ @[+J C0ERX[CX+@_' ;+
A=SS+( X;+ @"+ E0 =+R=[S' +"[S+ X;+ X=A+ ]S XEE S;ERXJ ;+ R=(+ "?
EC X;+ (++G<@[+ "E@ER+( S+ ]S SG@+C(=(J ;+C X;+_ RE(+ =CXE X;+ [@0 E0
G@+S' X;+ S[C ]S @R+(_ S=C?=C8 C( @=X [G X;+ RE"?_ "ESXJ
;+ S"+CX E0 X;+ +S[\=[S EC [8[SX Z7 ]S R+@ (\+CX[R+J + RE(+
]=X; X;+ ;ERS+ R=@RE( XE +S=C C( R+CX+( ;ERS+J 8[=(+ C( X;+ E]C+R
E0 X;+ ;ERS+ ""EAGC=+( ;=AJ ;+ SA@@ XE]C ]S "RE](+( C( =X ]S CEX
+S_ XE GSS X;+ "RE](J =C@@_' X;+_ RR=\+( X X;+ 0R[=X0[@' S[CC_ EAG8CJ
;+ C="+ "E[CXR_ ;E[S+S @_ =(_@@="@@_ =C @[^[R=E[S 8R++CJ EEC X;+ @C(S"G+
";C8+(T X;+_ RR=\+( X X;+ @"? @\ SXR+AJ ;+ R=8=( S[R0"+ ]=X;E[X S@8
]E[C( =C X;+ AESX =`RR+ 0ERA X;RE[8; GRXS E0 X;+ \=C+_R(SJ =C@@_ X;+_
"A+ XE 8RE[G E0 "E[CXR_ ;E[S+S E\+R@EE?+( _ X;+ S+=SA=" ES+R\XER_J C
S=AG@+ R+SX[RCX X;+_ X+ A+8+R A+@J ;+ AR\+@@E[S \=+] E0 X;+ [@0
C( GR= 0REA X;+ X+RR"+ "EAG+CSX+( 0ER X;+ S=AG@+ 0EE(J
;+R+0X+R X;+_ 8=C AE[CX+( X;+ ;ERS+S C( RE(+ EC SA@@ GX; XE
X;+ S; "EC+J ;+ @C(S"G+ +"A+ AER+ C( AER+ (+S+RX+(J ;+_ @+0X X;+
@\ 4+@(S C( ]@?+( X;RE[8; X;+ @EES+ (++G S;J ;+ ;ERS+S "E[@( CEX SXC(
X;=S C( X;+R+0ER+ X;+_ X=+( X;+A [G EC A=8;X_ @E"?' C( ""EAGC=+( _
X;+ 8[=(+' R@ SXRX+( X;+ S"+CX E0 X;+ S; "EC+J =C@@_' 0X+R SXR+C[E[S
"@=A=C8 X;+_ GGRE";+( X;+ G+?J [@G;[R \GE[R RE?+ X;RE[8; 4SS[R+S
C( "\+S C( X;+ @EES+ RE"?S ]+R+ "E@ER+( _+@@E] @=?+J ;+C X;+_ RR=\+( X
X;+ N>]S E0 ;+@@JO REA X;+ EXXEA SX+A RES+ SX+(=@_J EEC X;+ XAE<
SG;+R+ +"A+ [C+R@+ C( X;+ 8[=(+ XEE? R@ XE X;+ EX;+R S=(+ E0 X;+
"RX+RJ REA ;+R+ X;+_ +C>E_+( X;+ +[X=0[@ \=+] E0 ECX+ EAAT X;+C
X;+_ R+X[RC+( XE +S=CJ
C X;+ C+^X (_ H[8[SX Z5I R@ C( ;=S 8RC(0X;+R RE[8;X X;+=R SX_
=C G@+S XE C +C( ]=X; XE[R E0 EAG+==T 0ER R@ X;+ \=S=X +^"++(+( @@
+^G+"XX=ECSJ N C 0ERA+R X=A+S (=( CEX ;R(@_ (R+ XE 0ER+S++ ];X S++
;+R+ ""EAG@=S;+(J ;RE[8; SG@+C(=( 8R(+C X;+ ]_ @+(S XE X;+ XE]C E0
R[=CSJ ;RE[8; 8X+ ]+ +CX+R CRRE] @=0+@+SS @C+ C( SEEC ]+ RR=\+ X X;+
0ER[AJ ;+ G@"+ =S R+8[@R@_ R+"XC8[@R C( @AESX E[C( _ R"(+SJ C X;+
"?8RE[C( X;+ ]EC(+R0[@ R[=CS E0 X;+
E\=S X+AG@+ R=S+' XE X;+ R=8;X C( @+0X
]+ S++ G[@=" [=@(=C8S C( X+AG@+S E0 EX;+R 8E(SJ "; [=@(=C8 =S E0 "@SS="@
"@AC+SS C( +[X_J + @+\+ X;+ G@"+ C( (A=R+ X;+ GR=\X+ ;EA+SJ ;+
0A=@=R (+S=8C =S E0 G+R0+"X +[X_ C( +^G+(=+C"_' X;+ AE(+@ E0 R+S=(+CX=@
GR+A=S+SJ E] 8@(@_ ]E[@( @=?+ XE 8=\+ 0R++ R+=C XE A_ =A8=CX=EC XE
G="X[R+ X;+ @=0+ =C S["; (EA+SX=" X+AG@+J
;+ RX=SX=" 0R+S"ES EC X;+ ]@@S R+ R+GR+S+CXX=ECS E[X E0 X;+ R="; A_X;E@<
E8_ ER R+0+R XE X;+ E""[GX=EC ER X;+ =C"@=CX=EC E0 X;+ ASX+R E0 X;+ ;E[S+JO
<@N CLOF8 O9$ F90D MM
R@ GREA=S+( XE ]R=X+ GRE0E[C( RX="@+ EC EAG+==J E]+\+R =X S++AS X;X

;+ (REGG+( ;=S G@CJ
R@ C( ;=S 8RC(0X;+R @+0X G@+S EC [8[SX ZV' EC @R8+ SX+A+R
0ER +CEJ R@ ]S SE =AGR+SS+( _ X;+ S+ XR=G X;X ;+ ]REX+ C +^XR
RX="@+ =C ;=S (=R_J + (A=R+( X;+ "ESX@=C+ C( +C>E_+( X;+ EG[@+CX (=CC+R
EC (+"?J C X;+ C+^X AERC=C8 X;+ S;=G A(+ SXEG<E\+R =C =\ERCE ];+R+
SEA+ GSS+C8+RS ]+R+ RE[8;X XE X;+ XE]C C( 0R+=8;X ]S @C(+(J C [8[SX
Z,' R@ C( ;=S 8RC(0X;+R RR=\+( X +CEJ C X;+ C+^X (_ X;+_ RE(+
XE =@C' ];+R+ X;+_ SX_+( 0ER X]E (_SJ ;+ AESX =CX+R+SX=C8 [=@(=C8
0ER R@ ]S X;+ "X;+(R@' ];="; ;+ R+@@_ (A=R+(J ;+ 4RSX GRX E0 X;+=R
XR=G ;EA+ ]S G@+SCX@_ "@AJ ;+_ SG+CX X;+ @SX +\+C=C8 =C X@_J N;+
S+GRX=EC =S +"EA=C8 ;R( 0ER A+J +SX++A X;=S AR\+@E[S "E[CXR_ AER+
C( AER+J \+R_X;=C8 ;+R+ =S AER+ +[X=0[@J C(+R X;+ 0R++ S?_ SG=R=X C(
CX[R+ SGRE[X @[^[R=CX@_ C( G+R0+"X@_J ;+ ]ER?S "RR_ X;+ SXAG E0 R=8;X
S+CS[@=X_ C( ";ES+C @E\+ E0 @=0+ JJJ R+]+@@ ;GG_ X@_' ];+C C( ;E] ]=@@
S++ _E[ 8=CM GRX ;GG=+R C( R=";+R C( SXREC8+RJO C +GX+A+R F'
R@ ]S "? X R[C(@S++' "? 0REA ;=S X;=R( C( @SX +(["X=EC@ XR=G
];="; ;( =CXRE(["+( ;=A =CXE X;+ AR\+@@E[S A+(=X+RRC+C ]ER@(J
[R=C8 X;+ C+^X (_S ;+ SG+CX @EX E0 X=A+ X;=C?=C8 E[X ;=S @=0+J +
(+\+@EG+( (=1+R+CX "EC0[S+( X;E[8;XS "EC"+RC=C8 ;=S =CX+@@+"X C( ;=S A=C(J
+ (+S"R=+( ;=S G;=@ESEG;="@ X;=C?=C8 E[X ;=S =CX+@@+"X =C SG+"=@ S+"X=EC
=C ;=S (=R_ ]=X; X;+ X=X@+ NCXEA_ C( X;E@E8_ E0 A_ CX+@@+"XJO ;+ A=C
R+S[@X E0 ;=S X;=C?=C8 ]S& N;+ EC@_ X;=C8 X;+ X+RR=@+ ;E[RS RE[8;X XE A+'
]S X;+ R+@=`X=EC X;X X;+ =CX+@@+"X =S CEX S[2"=+CX XE "EAGR+;+C( C( XE
SE@\+ X;+ S=" GRE@+A E0 +^=SX+C"+' X;X @@ XX+AGXS E0 A+XG;_S="S A+C
0R[=X@+SS +1ERXSJ A =C(+X+( X;=S AEA+CX' =C ];="; 0E[C( X;=S XR[X;' XE
+\+R_X;=C8J [((+C@_ R+"E8C=`+( X;X A_SX+R=E[S (E[@+ CX[R+ E0 @@ X;=C8S'
X;+ G[``@+ E0 X;+ ]ER@(& CX[R+ C( =CX+@@+"X R+ X;+ SA+' EC@_ S+GRX+( _
E[R S[>+"X=\+ 0++@=C8J
+] @=0+ 6E]S X;RE[8; A_ \+=CSJ 0+@X X;+ E( @@ GR+S+CX' ];="; =S
=C +\+R_ AE@+"[@+' =C +"; G@CX' =C +"; G@C+X' =C X;+ +X;+RJ R([@@_
[C(+RSXEE( X;+ S+CS=X=\+' A_SX+R=E[S @C8[8+ ];="; X;+ @=XX@+ G@CX' X;+
XR++' X;+ R[=C' X;+ ]ER? E0 RX ];=SG+R XE X;+ @=SX+C=C8 A=C(J @E]@_' \+R_
S@E]@_ X;=S R+@=`X=EC ;+R+ 0ERA+( C( 8R+] C( CE] A X;+R+' ;[AC
+=C8 AEC8 ;[AC +=C8S' (++G@_ REEX+( =C SE=@' @EE?=C8 0ER]R( XE ?++C
]ER?' =A ER=+CX+( "R+X=ECJ X;+R G+EG@+ [C"ECS"=E[S@_ +C>E_ X;+ +[X=+S
E0 CX[R+' X;+ @+SS=C8S E0 RXS' ;\+ XE SXR[88@+ ;R( 0ER @@ E0 X;=SJ ;+
];E@+ R+@A E0 X;+ 8E(S E0 X;+ R++?S "EA+S XE @=0+ =C A+ 8=C =C C+]'
CE@+' XR[+ 0S;=ECJ
;X' ];="; EC"+ ]S GR+";+( _ 8R+X =CX+@@+"X[@ 8=CXS =C ]=S+ S_A<
E@S' =C GE+X=" 0ERAS' S++ =X =C 0RECX E0 A+' G[R+' "@+R' +[X=0[@J
+GRX+(' EX; GE]+RS X?+ [G X;+=R ]_S& =CX+@@+"X C( A=C(' [S+0[@C+SS
C( +[X_J C (=\=C=X_ EX; R+ X=+( [G =C "EAG@+X+ ;RAEC_JO =C@@_' R@
\EC +R`8;= S[AAR=`+( X;+ R+S[@X E0 ;=S R+6+"X=ECS ];="; ;+ =CX+C(+( XE
M/ <@ F7 P;9 &FT024EG 247$2;;$# ;OL2 9$ 24G ;$ L; FL4& 9$ 2&;FS
@_ (E]C =C C +^X+C(+( RX="@+& N;+ [C=\+RS+ S ]+@@ S +\+R_X;=C8 =C =X'

=S =CSG=R+( ]=X; EA+X;=C8' G+C+XRX+( C( SG=R=X[@J ;=S EA+X;=C8 ]+
"@@ E(J X+R=@ =S X;+ \=S=@+' E\=E[S +^GR+SS=EC E0 X;=S EA+X;=C8J \<
+R_X;=C8 =S AER+ ER @+SS "R_SX@@=`+( X;E[8;X' C E\=E[S =(+' ;S X;[S
R+GR+S+CXX=\+ A+C=C8J
[X E0 X;=S EA+X;=C8' "R+X[R+S' +=C8S E0 ;=8;+R ER(+R ;\+ ++C 0ERA+('
+"; +C(E]+( ]=X; S+@0<R+@=CX ]R+C+SSJ C ]R+C+SS X;+ ]ER@( =S R+6+"X+('
S[>+"X=\+ JJJ
E(' 0R++(EA C( =AAERX@=X_ R+ X;+ GESX[@X+S E0 X;+ G[R+ S+CS+J
;+ 0[C(A+CX@ =(+ E0 X;+ G@C E0 X;+ ]ER@( =S (+\+@EGA+CXT (=S"E\+R+(
_ CX =C X;+ RC8+ E0 "+@+SX=@ E(=+S' _ R]=C =C X;+ RC8+ E0 @=0+ 0ERAS
EC +RX;J XX+R =S SX=@@ ]=X=C8 0ER =XS S\=E[R H X =S CE ""=(+CX X;X X;+
(=S"E\+R_ E0 X;+ AESX ER8C=`+( "R+X[R+S GRE"++(+( 0REA X;+ 4^+( SXRS C(
X;+ G@C+XS JJJIJ ;+ (+\+@EGA+CX =S CEX C+"+SSR_' A+";C="@ GRE"+SS' [X
=CSX+( =S S+( EC X;+ 0R++(EA E0 X;+ ]=@@ JJJ
+\+@EGA+CX =S +L[=\@+CX XE X;+ +^GCS=EC E0 X;+ SG;+R+ E0 "ECS"=E[SC+SS
ER "X=ECJO
R@ \EC +R`8;= ((+( XE X;+ E\+ A+CX=EC+( R+6+"X=ECS SEA+ EX;+RS'
CA+@_ N;[AC +=C8O' N=CX+@@+"X C( A=C(O' N;[AC +=C8 C( CX[R+O' C(
NAX;+AX="SOJ =S "EC0[S+( =(+S EC G;=@ESEG;="@ GRE@+AS "[@A=CX+( =C
;=S R+6+"X=ECS EC AX;+AX="S' ];+R+ ;+ "EAG@+X+@_ A=^+( [G AX;+AX<
="S C( A+";C="SJ ERS+ _+X ;+ G@CC+( XE G[@=S; ;=S "EC0[S+( =(+SJ C
+GX+A+R V' ;+ CEX+( =C ;=S (=R_& N ;\+ ;GG=@_ 4C=S;+( A_ XR+X=S+ PC
X;+ CX+@@+"XQJ X =S X;+ 4RSX X=A+ X;X ;\+ X?+C [G X;+ G+CJ ;X S;E[@(
+ X;+ +8=CC=C8 C( X;+ =CXRE(["X=EC XE S+R=+S E0 @R8+R C( SA@@+R GG+RS
];="; ]=@@ XX"? SEECJO =X; S=A=@R ]ER(S R@ \EC +R`8;= =CXRE(["+(
EE?' G[@=S;+( =C X;+ A=((@+ E0 X;+ FDYaS' ];="; ]S XE + X;+ =AG+X[S
E0 X;+ =8 S"C(@ =C =+CCJ
C X;+ A=((@+ E0 +GX+A+R' FDaZ' ;+ SXX+( X;X CE]' 0X+R @@ ;=S (++G
A+(=XX=ECS' ;+ ]S =C\[@C+R@+ XE @@ X;=C8SJ N 0++@ X;+ GE]+R E0 @=EC =C
A+' S=C"+ ;\+ RE?+C X;+ ;+\_ C ];="; +C"=R"@+( A+ 0ER _+RSJ ?CE]
CE] EC@_ EC+ 8E@& +^XR+A+ GRX="[@R +(["X=EC =C CX[R@ S"=+C"+S' E(_
@=?+ SX++@ C( =REC C( X;+C XE X;+ 0RX;+SX SE[X;JO
;+ @SX (_S E0 ;=S SX_ X R[C(@S++ ]+R+ 4@@+( ]=X; ;=?=C8 C( "@=A=C8
=C ;=S +@E\+( @GS' SEA+X=A+S ]=X; ;=S AEX;+RJ
"? =C R` ;=S (E[X E[X X;+ R=8;X 0ERA E0 ;=S @=\=C8 G@C GG+R+(
8=C& N ;\+ ;+\=@_ S=CC+( _ A_ 0=@+( +1ERXS' _ A_ C+R@_ E[XR8+E[S
A+(=XX=ECS' @X;E[8; CEX R+SGECS=@+' C( A G[C=S;+( S+\+R+@_ _ (=SER(+R
C( [CSX+(=C+SSJ ]=@@ R+8=C @@ X;=S _ X;+ 8R+X+SX SXR="XC+SS 8=CSX A_S+@0
C( S_SX+AX=" ]ER?=C8JO ER+E\+R' ;+ R+AR?+( =C "XE+R& N A[SX @+RC
XE 8=\+ X@?S' X;+ S?=@@ XE ;\+ C +1+"X EC EX;+R G+RSECS _ A+CS E0 @C8[8+
=C ER(+R XE "EC\=C"+ X;+A ]=X; X;X' ];="; ;\+ R+"E8C=`+( S X;+ XR[X;J
R[X;M E' ;\+ XE "EC\=C"+ X;+A 0REA X;X' ];="; ;\+ =CSG+"X+( S
R=8;X C( (+S=R@+J SXC( ;+R+' =SE@X+(' C( ]=@@ R+GR+S+CX A_ EG=C=EC S
<@N CLOF8 O9$ F90D M-
X;+ GR+S+CX R=8;X EC+' ]=@@ 0++@ A_S+@0 S X;+ "+CX+R C( CEX S 0E@@E]+RJ _
]ER? ]=@@ + XE 8R+X +^X+CX =C(+G+C(+CX JJJO
C "XE+R F7' ;+ R+0+RR+( 0ER X;+ 4RSX X=A+ XE ;=S +Â=CX=ECS X X;+
+";C=S";+ E";S";[@+ R`J ER @EC8 X=A+ =X ;S ++C "EAAEC X X+";C="@
[C=\+RS=X=+S XE SG@=X X;+ 4C@ +Â=CX=ECS =CXE X]E GRXST X;+ 4RSX GRX =S X;+
SE "@@+( ER(=G@EA +Â=CX=EC' X X;+ +R@=+SX 0X+R X;+ 0E[RX; S+A+SX+R'
C( X;+ S+"EC( GRX H=G@EAI ;S XE + GSS+(' X X;+ +R@=+SX' 0X+R X;+
+=8;X; S+A+SX+RJ X X;+ +";C=S";+ E";S";[@+ R` X;+S+ +Â=CX=ECS ]+R+
"@@+( 4RSX C( S+"EC( XXSGR) [0[C8J R@ GR+GR+( =C SG+"=@ ]_ 0ER
;=S +Â=CX=ECSJ [R=C8 X;+ S+A+SX+R ;+ (=( @=XX@+ ER CEX;=C8 XE @+RC @@
X;X SX[1 X[8;X _ X;+ GRE0+SSERSJ C@_ SEA+ ]++?S +0ER+ X;+ +Â=CX=EC
(_ (=( ;+ SXRX X;+ GR+GRX=ECJ EA+X=A+S ;+ @E"?+( ;=S (EER 0ER SEA+
(_S =C ER(+R XE "EC"+CXRX+ EC ;=S @+RC=C8J =C@@_ ;+ SXX+(& N A X X;+
GR+@=A=CR_ 8E@ E0 A_ ]=S;+ST XXSGR) [0[C8 +;=C( A+T CE] "C XX+C(
XE A_ ]ER? C( A_ =AG+X[SJ ]=@@ \=S=X @+"X[R+SJ X X;+ [C=\+RS=X_ ;\+
+CRE@@+( 0ER SEA+ CX[R@ ;=SXER="@ SX[(=+S' ]=@@' ;E]+\+R' "EC"+CXRX+ A_
A=C ]+=8;X EC 8+E8RG;="' 8+E(+S=" C( AERG;E@E8="@ 4+@(SJO
;+ SXR[88@+ +X]++C (=S"=G@=C+ C( ";ES =C ;=S @=0+ @SX+( @SE X;+ C+^X
AECX;J N C A+ =X G[S;+S C( SXERAS C( GR+SS+S [C"@+R@_ =C "EC0[S=ECJ ?CE]
CEX;=C8' X;=C? @EX' [X CEX XE X;+ +C(J ;+ [C=X_ ;S \C=S;+(J E]+\+R'
0++@ 8R([@ A=8;X_ "R_SX@@=`X=EC E0 A_ A=C(' S[>+"X=\+ 0++@=C8 E0 S+@0
];="; =S GR+SS=C8 "ECX=C[@@_ AER+ C( AER+ =CXE X;+ 0ER+8RE[C(JO
C +] +RQS \+ FDaZWaY ;+ (R+] SEA+ "EC"@[S=ECS E0 X;+ @SX _+RJ
+ R+AR?+( X;X X;+ "ECS=(+RX=ECS ]R=XX+C =C ;=S (=R_ ([R=C8 X;+ @SX
+] +RSQS \+' GG+R+( XE ;=A S C =REC_J NEE AC_ =CX+CX=ECS' XEE
@=XX@+ +C+R8_J R+X G;RS+S' SA@@ X;E[8;XSJ CC[A+R@+ EE?S' @"? E0 "EC<
"+CXRX=ECJ ;+ _+R ];="; +C( XE(_' =S S +"; E0 X;+ GRE"++(=C8 _+RS'
(=SXR"X+(J SG+CX GRX E0 A_ X=A+ ]=X; ]C(+R=C8 E[X =C X;+ (R? =C<
SX+( E0 ]=X; S_SX+AX=" ]ER? JJJ E]+\+R' A[SX (A=X X;X A(+ L[=X+
C =AGES=C8 G=+"+ E0 GRE8R+SS X;=S _+RJ ;\+ 0E[C(+( A_ G;=@ESEG;_ E0 @=0+
R+"+CX@_ X;RE[8; X;+ R+@=`X=EC E0 X;+ AER@ @] =C [SJ ;\+ ]EC _ X;=S
A+S[R+ E0 R+8[@X=EC C( EG=C=EC E0 A_ ]_ E0 "X=C8JO
X X;+ +8=CC=C8 E0 FDaY' R@ \EC +R`8;= "ECS=(+R+( X;+ GESS==@=X_
E0 R+S=8C=C8 0REA ;=S A+A+RS;=G =C X;+ "ERGSJ + (=( CEX @=?+ X;+ GR+S+CX
"EC(=X=ECS X;+R+ C( "R=X="=`+( X;X X;+R+ ]S CE R+@X=EC C_AER+ +X]++C
;=A C( SEA+ "ERGS REX;+RS ];E ]+R+ 8E=C8 X;+=R E]C ]_SJ C C RRE8CX
XEC+ ;+ SXX+(& N;=S "CCEX GGRE\+JO C X;=S G@"+ C( @SE =C EX;+RS EC+
R+"E8C=`+( X;X R@ ]S \+R_ +8E"+CXR=" _E[C8 ACJ + (=( =C CE ]_
"ECS=(+R X;+ GESS==@=X_ X;X ;+ ]S EC X;+ ]REC8 RE(J
[R=C8 R";' FDaY' C( X;+ C+^X AECX;S' ;+ ]S 8=C "EC"+RC+( ]=X;
;=S S+^[@=X_T ;+ \=S=X+( X;+ REX;+@ S+\+R@ X=A+S C( ;+ ;( C 1=R ]=X;
ARR=+( ]EACJ C X;=S "ECC+"X=EC ;+ (+\+@EG+( SEA+ X;+ER=+S E[X X;+
AER@ E0 S+^[@ =CX+R"E[RS+J [X ;+ @]_S ;( 8[=@X_ "ECS"=+C"+ C( SEA+<
X=A+S (+SG=R+(& N C A_ @=0+ ;\+ C+\+R ++C =C @E\+J E]+\+R' ;\+ 8EC+
MJ <@ F7 P;9 &FT024EG 247$2;;$# ;OL2 9$ 24G ;$ L; FL4& 9$ 2&;FS
X;RE[8; @@ ?=C(S E0 @[SXJ X (E+S =C CE ]_ 8RX=0_ X;+ S+^[@ (+S=R+S' [X
@]_S 8E+S 0[RX;+R' 0REA =CX+CS=4"X=EC XE =CX+CS=4"X=ECJ
E ]=@@ @+X E1 C( ]=@@ S++? A_ SX=S0"X=EC =C EX;+R X;=C8S ];="; (E CEX
X?+ GE]+R [X GRE\=(+ GE]+RJ C SEA+ AECX;S' ];+C ([+ XE X;+ GSX' X;+
\=+] ;S "@+R+(' ]=@@ ]R=X+ (E]C A_ +^G+R=+C"+S ]=X; X;+ ];ER+<R@+J
[SX =S RE( RE( @+(=C8 (E]C;=@@J X =S X=A+ X;X @+\+ =XJO ]E (_S
@X+R ;+ +^GC(+( ;=S ]R=X=C8S& N[SX C( (+X; R+ X]E "@ES+@_ R+@X+( X;=C8SJ
ER X;=S 0"X EC+ 4C(S =C X;+ ]ER@(QS ;=SXER_ C( =C X;+ ;=SXER_ E0 C =C(=\=([@
C[A+RE[S GREE0SJO
=S (=SSX=S0"X=EC ]=X; X;+ 0RX+RC=X_ (=( CEX @SX \+R_ @EC8J C
[C+ FV'
FDaY' R@ R+GERX+( X;X ;+ ;( 0E[8;X SX[(+CXSQ ([+@ ]=X; A+A+R E0
X;+ 0RX+RC=X_ EC X;=S (_J C X;=S E""S=EC ;+ ]S ;[RX C( ;( XE 8+X X;R++
SX=";+SJ
X X;+ +C( E0
[@_ C( =C [8[SX' FDaY' R@ ]S 8=C EC \"X=EC =C
=C(+R8' ];+R+ ;+ (=( @EX E0 ;=?=C8J =S (+S"R=GX=ECS E0 SEA+ 8+E@E8="@
GRE@+AS ]+R+ \+R_ =AGR+SS=\+J N;+ +^"[RS=EC XE(_ XE [RC[ X;RE[8; E[R
;=@@S ;S RE[8;X A+ SEA+ S[RGR=S+SJ X 4RSX 0E[C( EC X;+ @+\+@ E0 X;+ 8RC<
=X+ R=(8+' @EC8 ];="; X;+ AR?+( GX; =S SXR+X";=C8' EC SEA+ G@"+S (=SX=C"X
8C+=SS' E\+R@E(+( ]=X; @R8+ 8@=AA+RG@X+S' "EA+S XE @=8;X =C @AESX ;ER=<
ÈCX@ SXRX=4"X=ECJ ;+ (=1+R+CX ?=C(S E0 RE"? S++A XE + A=^+( [G XEX@@_
R[GX@_ C( 0ERA@@_ =RR+8[@R@_J ;+ \+R_ E@( 0E@(S C( 0[@XS S++A S[R+@_
CEX XE + E0 S=AG@+ CX[R+' S X;E[8;X X 4RSXJ +;=C( ?4*!2?C22
"RESS+( X;+ ";@?<ER(+R<@=C+ ];="; +"A+ "@+R@_ CEX="+@+ _ C[A+RE[S
C?+( SXRX=4+( "EAG"XST ;E]+\+R' @R+(_ E[X Vaa - Uaa A [G;=@@ X;+
";@? ";C8+( GGR+CX@_ =XS @EE?J X ]S =C X;=S G@"+ (R?' 4C+ S@X_' +^<
XR+A+@_ ;R( C( "ECX=C+( @"? 8@=AA+RJ C( ];+C =C\+SX=8X+( =C 0RECX
E0 4001?C!?2 SEA+ "@=1S' R=S=C8 \+RX="@@_ 0REA X;+ S@EG+' 0E[C( X;X
;( =C 0RECX E0 A+ CEX ";@? C_AER+ [X 8@=AA+R<"ECX=C=C8 L[RX` S@X+
];ES+ @_+RS "A+ C+R@_ \+RX="@@_ XE @=8;X S+\+R+@_ (=S@E"X+( C( ;+R+ C(
X;+R+ C+R@_ [CR+"E8C=`@_ (+0ERA+( JJJ
C X;+ A=8;X_' ;=@@_ S=C' +^GC(=C8 =C X;+ ]+SX+RC GRX E0 [RC[' EC+
E0 X;+ E@(' X_G="@ S+ S=CS =S GR+S+CX' E0X+C A+X =C X;=S R+8=ECJ ;+ ];E@+
CERX;+RC S=C =S 4@@+( ]=X; 5a A A=8;X_ (+GES=XS E0 R=\+R<RS;' JJJO
"? =C R` ;+ +^GR+SS+( SEA+ R+6+"X=ECS E[X ;=S C+R 0[X[R+J +
SXX+( X;X ;+ ]E[@( + 4C=S;+( ]=X; ;=S SX[(=+S X X;+ +";C=S";+ E";S";[@+
C+^X _+R' C( X;X ;+ ;( ";=+\+( CEX;=C8 =AGERXCXJ N ?CE] @=XX@+ E[X
+\+R_X;=C8 C( ;\+ "EA+ XE X;+ "EC"@[S=EC X;X ]=X;E[X SG+"=@=`X=EC CE
(\C"+A+CX =S GESS=@+JO + "ECS=(+R+( X]E GESS==@=X=+S& ;+ 4RSX ]S XE
\=S=X A=C=C8 E";S";[@+' X;+ S+"EC( EC+ XE SX[(_ 8+E@E8_ C( 8+EG;_S="S'
;=S +@E\+( 4+@(J C +GX+A+R F5' FDaY' ;+ ]REX+& N;+ (=+ =S "SXJ A
S=XX=C8 X A_ E@( ]R=X=C8 (+S? ]=X; X;+ SAE?=C8 G=G+ =C A_ AE[X; C( ]R=X+
(E]C A_ (+"=S=ECJ ]=@@ CEX SG+C( A_ @=0+ ]=X; ;[CX=C8 AEC+_ [X ]=@@
+(["X+ A_S+@0 XE + CX[R+ R+S+R";+RJ ;+ 0[X[R+ ]=@@ S;E] ];+X;+R (=(

&G9LG 49 L2& F& ;) L2& %
;778F6;0&7@
<@N CLOF8 O9$ F90D MI
X;+ R=8;X X;=C8 ER ];+X;+R X[RC+( (E]C X;+ ]REC8 SXR++XJ ;=S ";E="+ =S
=C(=C8J 0 X;X ];X ;\+ (+"=(+( XE(_ (E+S CEX +"EA+ R+@=X_' S;E[@(
X+R C( [RC [G A_ (=R=+SJ ;X X;+_ ;\+ "ECX=C+( ]S C =@@[S=ECJO
C X;+ S+"EC( ;@0 E0 +GX+A+R' FDaY' ;+ +"A+ \="X=A E0 ;=S +^"+SS=\+
S+^[@ @=0+J NX+@_ ]S R+A=C(+(' =C X+RR=@+ ACC+R' XE C(EC X;+
S+^[@ +^"+SS C( \E] =X G+RSEC@@_ @SE XE(_J _ +^=SX+C"+' A_ 0[X[R+' X;+
;GG=C+SS C( ;ECER E0 X;+ 0A=@_ ;C8 EC X;R+(JO ;X ;( ;GG+C+(M C
X;+ A=((@+ E0 +GX+A+R ;+ ;( \=S=X+( X;+ REX;+@ C( ;+ =C0+"X+( ;=AS+@0
]=X; ";C"R+ H\+C+R@ (=S+S+IJ + =AA+(=X+@_ \=S=X+( X;+ (E"XER ];E
;+@+( ;=A ]=X; G=C0[@ A+X;E(' ]+@@<?CE]C =C X;ES+ (_SJ + \E]+( XE
";C8+ ;=S @=0+ "EAG@+X+@_J E]+\+R' ;=S GREA=S+ ]S S=A=@R XE X;+ [S[@
R+SE@[X=ECS EC +] +RS \+ ];="; S+R\+ XE "@A X;+ A=C( [X C+\+R ]E[@(
+ ?+GXJ
C X;ES+ (_S ;+ ]S ((="X+( XE ;=X ];="; ""EAGC=+( ;=A ;=S
];E@+ @=0+' CA+@_ SAE?=C8J ;=S A+CX @EX XE ;=A' SE X;X ;+ ]REX+ =C ;=S
(=R_ EC ;=S X]+CX=+X; =RX;(_ E[X ;=S ;=XJ N X HX;+ G=G+I S;E[@( + A_
XR[+ "EAGC=EC ([R=C8 (_S E0 ;R( ]ER?J XS SAE?+ C=S;+S SERRE]S' (E[X
C( =C"ECS=SX+C"_JO
C "XE+R' FDaY' ;+ ]S 8=C \+R_ E""[G=+( ]=X; G;=@ESEG;="@ L[+SX=ECSJ
N "C S_ X;X ]=X; X;+ "L[=CXC"+ ]=X; CXQS G;=@ESEG;_ C+] R+ ;S
+8[C 0ER A+J 8@C"+ RE]S=C8 X;RE[8; SEA+ S+"X=ECS E0 ;=S ?/A-@+!
!?2C2#A ;S 8=\+C "EAG@+X+@_ [C+^G+"X+( 0++@=C8 E0 R+SX C( S+"[R=X_ XE
A+J (ECQX ]CX XE 8=\+ [G +0ER+ ;\+ SER+( +\+R_X;=C8 ];="; =S E1+R+(
XE A+ X;+R+J =X; X;X (=2"[@X' CEX XE + [C(+R+SX=AX+( XS? R=S+S'
CA+@_ XE 8E +^"X@_ X;RE[8; +\+R_X;=C8 ];="; ES+R\X=EC GR+S+CXS XE A+ ER
EX;+RS' C( XE 0R++ A_S+@0 E0 @@ GR+>[(="+SJ C =AGRX=@ \=+] =S X;+ SE@[X+
GR+"EC(=X=ECJ C@_ R+0R=C=C8 0REA +\+R_X;=C8 ];="; GR+\=E[S@_ ]S S=@+CX
SS[AGX=EC E0 A_ 0CXS=+S "C @+\+@ A_ ]_ XE [C(+RSXC(=C8JO ER+E\+R' ;+
(=S"E\+R+( 8=C ;=S S_AGX;_ 0ER SX[(+CX @=0+J + GR=S+( X;+ S=8;X E0 SX[(+CXS
8X;+R+( =C "E@ER0[@ [C=0ERAS E0 X;+=R 0RX+RC=X_ ]=X; @@ X;+ =CS=8C=S C( X;+
SX[(+CX<"E(+^J N X =S \+R_ CE@+ X;E[8;X ];="; E[R SX[(+CX @=0+ =S S+( ECT
XE "ECS=(+R ;ECER' =J+J AER@=X_ S E[R 8R+X+SX 8EE( C( +\+R_ EC+ ];E ]CXS
XE (=SE]C [S E0 =X ]+ ]=@@ 0"+ ]=X; X;+ R=8;X ]+GEC XE S;E] ;=A X;X @@
G=C C( (C8+R R+ S"ERC0[@@_ SA@@ 8=CSX (R? SGEX EC =X H;ECERIJO C
"XE+R ZY ;+ A+CX=EC+( =C ;=S (=R_ SEA+ X;E[8;XS "EC"+RC=C8 ;=S 0[X[R+
GRE0+SS=ECJ NE] ;\+ (+X+RA=C+( G@CS 0ER X;+ 0[X[R+J ]=@@ C(EC @@
(R+AS E0 A_ _E[X; C( ";EES+ X;X GRE0+SS=EC =C ];="; "C ]ER? AESX
0R[=X0[@@_J ]E[@( @=?+ XE 8R([X+ 0REA X;+ +";C=S";+ E";S";[@+ S ]+@@ S
GESS=@+ =C ER(+R XE +C@R8+ S +\+R GESS=@+' X;+ ";C"+ XE 8+X GRE0+SSERS;=G
0ER A+";C="SJO ;=S ]=S; ]S 0[@4@@+( =C SEA+ R+SG+"XSJ
X X;+ +C( E0 E\+A+R' FDaY' ;+ ;( GSS=C8 1=R ]=X; X]+CX_<4\+
_+R E@( A=(<S+R\CXJ ;+ ;( C="+ C( SXREC8 48[R+' @EC( ;=R' @[+ +_+S
C( \+R_ GR+XX_ GRE4@+J
M' <@ F7 P;9 &FT024EG 247$2;;$# ;OL2 9$ 24G ;$ L; FL4& 9$ 2&;FS
;+ C+^X (_S GSS+( ]=X;E[X =C"=(+CXJ E]+\+R' EC +"+A+R FU' R@
L[RR+@+( ]=X; ;=S S=SX+R @@J + ]REX+& N+SX+R(_ A_ S=SX+R ""[S+( A+' =C
X;+ GR+S+C"+ E0 SA@@ "EAGC_' E0 6=8;X=C+SS C( =C"ECS=SX+C"_ E0 ";R"<
X+R C( GRE\+( X;=S ]=X; AC_ +ÂG@+SJ +R ]ER(S ;[RX A+' =C GRX="[@R'
+"[S+ X;+_ "ECX=C+( @EX E0 XR[X;J ;=S ;S ++C EC+ E0 A_ A=C S=CS
+"[S+ E0 ];="; ;( (EC+ \+R_ ;R( G+CC"+J ;\+' ;E]+\+R' R+"E8C=`+(
X;=S ]+?C+SS C(' XE @R8+ +^X+CX' E\+R"EA+ =XJ ESS=@_ X;+ +RAC X+C(S
EC@_ X;+R+0ER+ XE]R(S R[@+S +"[S+ ;=S ";R"X+R =S _ CX[R+ =RR+8[@RT ;+
SXR[88@+S 0ER "ERR+"X=EC' 0ER "EAG@+X=ECT ;E]+\+R' ;+ S;E[@( S++? S["; "EAG@+<
X=EC =C ;=AS+@0 C( CEX E[XS=(+ E0 ;=AS+@0T ;+ S;E[@( G[R=0_ ;=AS+@0 0REA X;+
0=@=C8S E0 ;=S =C(=\=([@=SA ];=@+ ;+ R=S+S X;=S =C(=\=([@=SA XE GR=C"=G@+JO
S [S[@ R@ \EC +R`8;= SG+CX X;+ X[RC E0 X;+ _+R FDaYWFDa7 X ;EA+J
+ SXX+(& N C X;=S C=8;X ;\+ CE R+SEC XE @EE? "? ]=X; =RR=XX=EC C(
=C(=8CX=EC EC X;+ GSX _+RJ +@=+\+' A ]R=X=C8 X;=S 0ER X;+ 4RSX X=A+J
X ;S 8=\+C A+ 8=C "@A C( R+"E\+R_' =X ]S X;+ _+R E0 A_ R+S"[+J 0<
X+R @EC8' =C+1+"X=\+ +RR=C8 ;\+ 8=C 0E[C( X;+ R=8;X ]_' X;+ ;[AC ]_J
;\+ +"EA+ C +C+A_ E0 G[R+ R+6+"X=EC' [X XE(_' X X;=S G@"+' X;+_
R+ GR(EC@+J ER? E0 =(+S' AER+ "R+X=\+ X;C C@_X="' 0R["X=4+( ]=X;
0CXS=+S' =C 8R+X+SX "EC"+CXRX=EC' +C>E_A+CX ]=X;E[X C_ XR"+ E0 R+6+"<
X=ECJ +6+"X=EC EC@_ S+@(EA' +1+"X=\+ @=?+ X;+ S0+X_ \@\+ E0 E=@+RJ +XX+R
XEE ER=8=C@ X;C XEE SX+R+EX_G="@J EX XE SER SEA+X;=C8 S XEX@=X_ [X
XE +(["X+ _E[RS+@0 =C XEX@=X_J _ "G"=X_ E0 SERGX=EC' A_ AE=@=X_' XE
;+=8;X+C A_ =C(=\=([@=SA' XE (\C"+ A_ [C"ECS"=E[S 0ER"+S =C 0[C"X=ECS -
X;=S =S X;+ ]=S; ];ES+ R+@=`X=EC X;+ 0E@@E]=C8 _+R A_ R=C8J ;R++ ";++RS
0ER X;+ 0ER"+' X;+ RX' X;+ @E\+' X;+ ;[ACJ ;GG_ +] +RJO
;+ (=R_ 0REA FDa7 =S @=XX@+ A+8+RJ FDa7 ]S X;+ _+R R@ \EC +R`<
8;= XEE? XE GR+GR+ 0ER ;=S +Â=CX=EC HS+"EC( XXSGR) [0[C8I X X;+ +";<
C=S";+ E";S";[@+J X A_ + X;X X;=S ]S X;+ R+SEC 0ER C+8@+"X=C8 ;=S (=R_J
X X;+ +8=CC=C8 E0 FDa7 H
C[R_ F7I R@ 0E[8;X ;=S @SX +0)!?1!2,
@C? 8=CSX A+A+R E0 X;+ 0RX+RC=X_' X;+ SX[(+CX +J C X;+ AERC=C8 ;+
]S \+R_ +^"=X+( C( XEE? ]@?J + @+X ;=S @[C";' ];="; ;+ ;( ER(+R+(
=C X;+ +";C=S";+ E";S";[@+' C+R@_ [CXE[";+(J N;+ AER+ X;+ AEA+CX
"A+' X;+ AER+ X;+ C^=+X_ \C=S;+( C( ";++R0[@ S S+@(EA "@=A E\+R X;+
[C"CC_ (R? SX=R"S+ ];="; @+(S XE E[R C/4!2
' XEE? A_ "@EX;+S E1
=AA+(=X+@_ C( +CX+R+(' (R+SS+( =C S;ERX' E@(' @EE(_ A=@=XR_<GCXS C(
S@EGG_ @=C+C S;=RX' X;+ R+C' SX (E]C "EA0ERX@_ EC AX+R=@ EÔ =C
ER(+R XE S++ CEX;+R SX[(+CXQS GRX X 4RSX HCA+@_ E0 X;+ SX[(+CXS J C( JIJ
N0X+R ;@0 C ;E[R ;+ HX;+ X[(+CX J' X;+ [X;ERI ]S "EAG@+X+@_ C(8+(J
;+ @_=C8<E[X HE0 X;+ R=C8I ]S X?+C [GJ ;+ ";@? R=GG+( EC X;+ 6EER' X;+
"E@EG;EC "R"?@+( C( "R+?+(' X;+ 4RSX "EAAC(S R+SE[C(+( C( X;+ "RE](
SX+GG+( "?J EX; X;RS;+( ]=@(@_ X +"; EX;+R C( J SE [CS?=@@0[@@_ X;X

&9GOF 4G GLO$&9LEG $O&7 Q4L2 L2& 27%
0&F >F=4&F?@

7& Q2&F& L2& $O&7 4G 2&7$@
<@N CLOF8 O9$ F90D M:
;+ =AA+(=X+@_ 8EX "ECS=(+R@+ L[RX EC ;=S ;+( =C X;+ 4RSX "E[RS+J

0X+R SEA+ "E[RS+S J S[1+R+( S["; S=`@+ ]E[C( EC X;+ 0ER+;+( X;X ;=S
S+"EC(' (+"@R+( ;=A (=S@+(J C+ L[="?@_ R+AE\+( X;+ C(8+S 0REA ;=A
C( ]=X;=C SEA+ S+"EC(S ;+ ]S "E\+R+( ]=X; @EE(' 8=\+C E\+R XE X;+ ;C(S
E0 X;+ R+R<S[R8+ECJ
EEC X;+R+EC A_ EGGEC+CX +J "A+ C( CE] ]+ ]+R+ X?+C XE ]ER?J
0+@X +^"+GX=EC@@_ X +S+J C(8+( X;+ >E=CX _ A_S+@0' GREX+"X+( =X
EC@_ _ C( C( =C X;=S ]_ ?+GX X;+ AE=@=X_J ;+C J ]S (=S";R8+(
S ;+@+(' ]+ +8C ]=X; X;+ @_=C8<E[X C( 0X+R X;+ "EAAEC 0ERA@=X=+S
0"+( X;+ EGGEC+CX ]=X; X;+ R=8;X S]ER( 0EA=C8 ]=X; R8+J EJ H SX[(+CX'
X;+ [X;ERI "X+( S S+"EC(J ]S SE "@ES+ XE +J X;X C+R@_ SX+GG+( EC
;=S 0EEXJ + ]\+( 0ER ];=@+' +"; EC+ XR=+( XE R=C8 ;=S S]ER( [C(+R ;=S
EGGEC+CXSJ C( >[SX S A_ S]ER( ]S E\+ ;=S X;+ "EAAC( @A?A R+SE[C(+(
JJJ + XRS;+( X+RR=@_J C X;+ X;=R( "E[RS+ 8\+ ;=A SE@=( X+R` ' ];=@+ =C
X;+ 0[RX;+R R[C XEE? SEA+ @E]S EC X;+ ";++? JJJ =C@@_ X 7 GJAJ S=@+CX=[A
]S CCE[C"+( 0ER X;+ @SX X;R++ RE[C(S C( SEEC 0X+R X;X X;+ GRE"@AX=EC
E0 X;+ ""EAG@=S;A+CX E0 X;+ SX[(+CXQS ([+@J ]S ;GG_ X;X "A+ ]_
[CS"X;+(' ];+R+_ ;( +^G+"X+( (=S@+A+CXJ L[="?@_ ";C8+( A_
"@EX;+S C( ]@?+( ]=X; EJ XE A_ REEA ];+R+ ]+ "@ES+( X;+ 0X+RCEEC ]=X;
8@SS E0 ]=C+JO
C +GX+A+R' FDa7' R@ 4C=S;+( ;=S SX[(_ E0 A+";C="@ +C8=C++R=C8 X
X;+ +";C=S";+ E";S";[@+ 0X+R 0E[R _+RS ]=X; X;+ S+"EC( XXSGR) [0[C8
H4C@ +Â=CX=ECI ]=X; \+R_ 8EE( 8R(+SJ NR=+C(S;=G ];="; ]S [=@X C(
C";ER+( EC X;+ A^=A 044 -2@ @A?42)!? A+2 @A!!0 2 -?42' =S @E]C
8=C =C @@ ]=C(S XE(_J =X; ];EA (E SX=@@ "ECSERX XE(_M C SXRC8+
ACC+R ]=X; EC@_ G+EG@+ 0REA X=A+J @+=S";+R' X;+ @E_@ C( +CX+RGR=`=C8
XR\+@ "EAGC=EC X;RE[8; X;+ E;+C [+RC' "C + S++C E""S=EC@@_ =C A_
"EAGC_ X ;=((+C' SE@=( C( "@A AERC=C8 G=CXJ RJ [+R R+"+=\+S 0REA
A+ H0REA A+/I 0REA X=A+ XE X=A+ 8EE( (\="+ 0ER GR+S+CX C( 0[X[R+ C( R+<
A=CS (+SG=X+ ;=S @+\=X_ X;+ AESX +@E\+(' AESX @E_@ C( AESX R+@=@+ 0R=+C(
H@X;E[8; CEX =C X;+ (=A+CS=EC E0 X=A+IJ C [C(_ 0X+RCEEC S=X XE8+X;+R
]=X; ;=A ]RGG+( =C "@E[( E0 =@@<SA+@@=C8 XE""E SAE?+ _ X;+ 8EE( @E_@'
"EAG+X+CX RJ GG+C H+"X[R+R 0ER 8+E@E8_I' ];EA =C X;+ GSX +SX++A+( @=X<
X@+ S GEER' >[SX 8=\+C R=8;X XE +^=SX R+S+R";+R C( =C ];="; =S =C(++( EC+
E0 X;+ AESX S+R=E[S ;[AC +=C8S ?CE]JO =C@@_' R@ \EC +R`8;= (R+]
SEA+ AER+ "EC"@[S=ECS& N C 8+C+R@' "CCEX (+C_ X;X C+\+RX;+@+SS R+<
SEC@+ ?+RC+@ =S "ECX=C+( =C X;+ =`R+ +1ERXS E0 X;+ GSX _+RSJ "EAAEC
=CX+R+SX R[CS X;RE[8; @@ X;X ;\+ +^G+R=+C"+( C( (R+A+( [G XE CE]J
;+ GR+0+R+C"+ 0ER CX[R@ S"=+C"+' E0X+C "@E[(+(' SA+R+(' 0CXSX=" [X +\+C
=C G+R=E(S E0 ]ERSX AER@+ +"EA=C8 ARS;_' +^=SXSJ ;E ?CE]S ];+X;+R
+C+\E@+CX 0X+ ]=@@ C+\+RX;+@+SS G[X A+ XE X;+ G@"+ ];+R+ +@EC8 =C A_
EG=C=ECJ C R+"+CX X=A+S X;+ =(+ +A+R8+S =C A+ GESS=@_ 0X+R @@ XE 8E XE

OFL $&9;L&G G=&47 =;G4L4;9 ;) L2& 27%0&F >F=4&F?@

&FT $&9;L&G G=&47 =;G4L4;9 ;) L2& 27%
0&F >F=4&F?
/U <@ F7 P;9 &FT024EG 247$2;;$# ;OL2 9$ 24G ;$ L; FL4& 9$ 2&;FS
=+CC 0X+R SE@\=C8 X;+ D40C2A?G,G!? =C ER(+R XE SX[(_ CX[R@ S"=+C"+J

RJ GG+C S=( X;X [SXR=C C( +RAC 8+E@E8=SXS R+ 8@(@_ =C"ERGERX+(
=C X;+ +E@E8="@ [R\+_ E0 ERX; A+R="J E[@( ]=S; A_S+@0 SEA+X;=C8
+XX+RM C C_ "S+' X;+ G@C =S CEX EC@_ X+AGERR=@_ [G =C X;+ =R [X RX;+R
E[X =C SG"+JO
@SE EC +] +RS \+ FDa7WFDa5 ;+ R+6+"X+( EC ;=S ";=+\+A+CXS C(
EC X;+ +8=CC=C8 E0 X;+ +C( E0 ;=S AC?1,C2,?2) _+RSJ N+R+ A S=XX=C8
@EC+ =C A_ REEA S SE AC_ +] +RS \+ +0ER+J E @EC8+R SX[(+CX'
[X +C8=C++R A "@@+(J ;[S' =C X;+ +_+S E0 A_ S[RRE[C(=C8S A +XX+R
E1 X;C =C X;+ GSXJ E] EC+ SXR=\+S 0X+R X=X@+ C( X=X@+' 0X+R R+G[XX=EC C(
CA+ - EC@_ XE + "EA0ERX@_ (+"+=\+( =C X;+ XR[X;J C+ GR+SS+S EC+S+@0 =C
C C=AX+( ]_' SX+G _ SX+G =C EC+QS GRE8R+SS' "ECS"=E[S@_ ER [C"ECS"=E[S@_'
XE =AGR+SS EC+QS G++RS =C ER(+R CEX XE ;\+ XE (A=X XE EC+S+@0 ;E] S@E]@_ EC+
GRE8R+SS+S C( ;E] E0X+C EC+ X?+S SX+G "?]R(SJ ;+ EC@_ SXR="X 8EE(
>[SX="+ SX_S =C E[R ;+RXSJ + ;\+ 8R+X 0+R =C ;=S GR+S+C"+ C( ]+ A?+
E[RS+@\+S GR+0+R@_ (+0 8=CSX ;=S >[(8+A+CXJ \+R_ _+R R=C8S SA@@
C[A+R E0 C+] 4C(=C8S' =C X;+S+ @=+S X;+ ?+RC+@' X;+ (R+A E0 X;+ 0[X[R+J ;+
EC@_ ]=S; ];="; "C ;\+ =S X;X =X 0@@S EC 0R[=X0[@ SE=@J ;_ (E XRCS0+R X;+
"+CX+R E0 A_ ]ER@( 0REA EC+ G@"+ XE CEX;+R' @X;E[8; =XS G@"+ =S =C+\=X@_
4^+(J A S[RRE[C(+( _ @EX E0 =AAERX@ GRE(["XS E0 SG=R=X' _ C =AA+CS+
C[A+R E0 =(+S C( >[(8+A+CXS E[X X;+A/ A X;+C @=?+ X;+ A=S+R ];E
"E@@+"XS C( "E@@+"XS C( =S S GEER X X;+ +C( S X X;+ +8=CC=C8M ER A+ C
E>+"X S;E[@( +^=SX EC@_ X;+C ];+C =X =S @+ XE ]?+ =C A+ +\+R_X;=C8 X;X
"C + ]?+(T EC@_ X;+C ;S =X "EA+ XE @=0+J 0 (E CEX A?+ [S+ E0 =X =C X;=S
ACC+R' =X "C SX_ ER CEX SX_' 0ER A+ =X =S E0 CE ""E[CXJ C( X;+ SA@@+R
X;+ C[A+R C( AER+ "R+0[@ X;+ ";E="+ X;+ +XX+R =X =SJ + "C EC@_ (E X;X
];="; X;+ =CX+@@+"X GR+S"R=+S =C GRX="[@R@_ "@+R AEA+CXST X;+ R+A=C(+R
R[CS +C+X; X;+ X;R+S;E@( E0 "ECS"=E[SC+SS' =X =S CEX =C E[R GE]+RJ +(=+C"+
XE EC+QS E]C =CX+@@+"X C( R+(=C+SS XE + E0 ;+@G XE E[R S[RRE[C(=C8SJO

F;947S L2& G;377&$ P;7O9LFS3S&F >F&4Q47740&952F? QG ;8=O7G;FS ;9&3
S&F 8474LFS G&FP4&@
<@M 2& ;$ L; FL4& 9$ $P&9LOF& /<
$&. # -#
*- " 1"-0*
=X; X;+ +C( E0 R@ \EC +R`8;=QS SX[(=+S (=1+R+CX @=0+ +8C 0ER ;=AJ
+ ]ER?+( 0ER SEA+ AECX;S S C [CG=( XR=C++ =C A";=C+ 0"XER_ =C
C(R=X` HRÌJ + R+"E8C=`+( \+R_ SEEC X;X ;+ ]E[@( CEX 4C( SX=S0"X=EC
=C X;+ GRE0+SS=EC E0 A+";C="@ +C8=C++R=C8J ;=S =S CEX S[RGR=S=C8 S ;=S R+@
@E\+ @_ =C X;+ ES+R\X=EC ]=X;=C X;+ 4+@( E0 8+E@E8_ C( X;+ (=S"E\+R_ E0
8+E@E8="@ C( A+";C="@ GRE@+ASJ
E S+R\="+ =C X;+ RA_ H\E@[CXR_ _+RI =C C =C0CXR_ R+8=A+CX ]S CEX
=C"EC\+C=+CX S =X 8\+ ;=A X=A+ XE X;=C? E\+R X;+ R=8;X GRE0+SS=EC 0ER ;=AT ;+
4C@@_ "A+ XE X;+ R=8;X (+"=S=ECJ R@ \EC +R`8;= R+GERX+( 0ER S+R\="+J +
@+0X R` ]=X; X;+ R=@]_T X;+ \E@[CX++RS ;( XE +CX+R S=AG@+ ]8EC' ];+R+
R@ A+X SEA+ 0R=+C(SJ ;+_ (=S"[SS+( @EX E0 =CX+R+SX=C8 GE=CXS ([R=C8 X;+=R
@EC8 XR=GJ R@ XEE? G@+S[R+ =C ES+R\=C8 X;+ @C(S"G+J ;+C X;+_ RR=\+(
X X+=CR)["? =X ]S @R+(_ RX;+R (R?J =C@@_' X;+ \E@[CX++RS R+";+( X;+=R
(+SX=CX=EC +=0C=X`J
=@=XR_ S+R\="+ ]S RX;+R ER=C8J ;[S' ;+ 0E[C( +CE[8; X=A+ XE ES+R\+
X;+ 8RC(=ES+ [SXR=C @C(S"G+ ([R=C8 X;+ AC+[\+RS C( ;+ (+S"R=+( X;+
XEGE8RG;_ C( 8+E@E8="@ GRE@+AS E0 X;+ @C(S"G+ \+R_ "EAGR+;+CS=\+@_T
SEA+X=A+S EC+ ;S X;+ =AGR+SS=EC X;X R@ \EC +R`8;= ]CX+( XE (+S"R=+
X;+ ];E@+ @C(S"G+ E0 [SXR=J
+ @SE ;( X=A+ XE R+6+"X EC X;+ (=SER(+R E0 ;=S +AEX=EC@ C( =CX+@@+"X[@
@=0+J C SEA+ CEX+S ;+ 8=C (=S"[SS+( ;=S R+@X=ECS;=G XE ]EA+CJ + SXX+(
4C@@_ X;X ;+ @]_S ;( C EGGR+SS=\+ C( S;_ 0++@=C8 ];+C ;+ A+X ]EAC
HR[+C`=AA+RIJ ;=S ;+ R+"E8C=`+(' ]S S+( EC ;=S \=+] E0 ]EAC S
S+^[@ E>+"XJ ER+E\+R' ;+ @SE A(+ ;=S (=SER(+R+( @=0+ R+SGECS=@+ 0ER
X;+ 0"X X;X ;+ (=( CEX \=S=X RE0+SSER =XX+C[+R' ;=S A+";C="S GRE0+SSER
=C R`J N;_ (=( CEX \=S=X =XX+C[+RM +"[S+ ]S 0R=( X;X X;=S
SXREC8 C( S+R=E[S AC ]E[@( G[X A_ A( "EC0[S=EC [C(+R X;+ A="RES"EG+JO
[R=C8 @EC8 (_S C( C=8;XS EC ]X"; C( X;+ =(@+ X=A+ ([R=C8 AC+[\+RS
;+ (+\+@EG+( \+R_ GES=X=\+ =(+' CA+@_ XE XRCS@X+ X;+ CA0-2!@ 4# %!0
)!404)G _ X;+ AC8=C8 (=R+"XER E0 X;+ +E@E8="@ [R\+_ E0 R+X<R=X=C
C( R+@C(' R";=@( +=?=+ HFDaVIJ C _ ZU' FDa5' ;+ @_+( (E]C X;+
"EC"+GX =C X;+ (R0X E0 @+XX+R XE +=?=+J N+R =R' =X; X;+ E>+"X E0 4@@=C8
[G SXREC8@_<0+@X 8G =C X;+ +RAC 8+E@E8="@ @=X+RX[R+' X?+ X;+ @=+RX_ E0
GG@_=C8 X _E[R ?=C(C+SS XE "EC0+R XE A+ X;+ R=8;X E0 G[@=S;=C8 XRCS@X=EC
E0 _E[R EE? P[X@=C+S E0 4+@( 8+E@E8_QJ S AXX+R E0 0"X ]+ ;\+ CE 8[=(+
=C +RAC SS=SX=C8 X;+ +8=CC+R =C 8+E@E8="@ 4+@(]ER? =C S["; "@+R C(
GR"X="@ ]_' X;RE[8; _E[R ?=C(C+SS _E[ "E[@( E@=8+ AC_ _E[C8 8+E@E8=SXJ
EE?=C8 0ER]R( XE ?=C( CS]+R' A _E[RS JJJO
+ 8EX X;+ G+RA=SS=EC XE XRCS@X+ X;+ EE? _ +=?=+ ];="; ;GG+C+(
=C R+@X=\+@_ S;ERX X=A+ @X;E[8; ;+ SXX+( =C X;+ 4RSX (R0X E0 @+XX+R XE
0R=+C( 0REA
[C+ Fa' FDa5' X;X ;+ ;( @+SS X=A+ ([+ XE ;=S ([X=+S =C X;+
R+8=A+CXJ C FDaV' ;E]+\+R' X;+ +RAC XRCS@X=EC ]S G[@=S;+(J C X;+
/N <@ F7 P;9 &FT024EG 247$2;;$# ;OL2 9$ 24G ;$ L; FL4& 9$ 2&;FS
R+0"+ R@ \EC +R`8;= R+AR?+(& N;+ CX[R@ S"=+CX=4" ";=+\+A+CXS

R+ GRE(["XS E0 GRE8R+SS C( EC+ =S SX=S4+( XE A?+ X;+ _E[X; 0A=@=R ]=X;
X;+S+ GRE(["XS ]=X;E[X SXR+C8X;+C=C8 X;+ \=X@ C+R\+S E0 X;=S GRE8R+SS' X;+
"G=@=X_ E0 =C(=\=([@ ES+R\X=EC' C( "@+R >[(8+A+CXJ ;+ 0E"@ GE=CX
E0 X;+ CX[R@ S"=+CX=4" "@SS+S =S =C AC_ "S+S EC A+AER=`=C8 ([@@ 0"X[@
AX+R=@T \@[@+ EGGERX[C=X=+S XE R=C8 [C(+RSXC(=C8 XE X;+ SX[(+CX R+
A=SS+(J ;[S' EC+ EX=CS A+R+ =CX+R+SX =C EE?S' S_SX+AS C( ;_GEX;+S+S
=CSX+( E0 "EAGR+;+C(=C8 @E\+ 0ER @=\=C8 CX[R+ C(' =CSX+( E0 C [C<
GR+>[(="+( \=+]' ;@0 C =CS=8;X' =C GRX="[@R' @=C( +@=+0 =C [X;ER=X_J C+
+(["X+S X;+ _E[X; XE + R+"+GX=\+ [X CEX XE + GRE(["X=\+ ;[AC +=C8SJ
;=S A+X;E( X?+S R+\+C8+ =C GR"X="@ @=0+ @X+R ECJ ;+R+0ER+ EE?S' ];=";
S;E] X;+ ]_ XE GREAEX=EC E0 C ER8C=" =CX+@@+"X[@ 8RE]X; X;RE[8; CX[R@
S"=+C"+ R+ C+"+SSR_ C( (+S+R\+ XX+CX=ECJ
;+ [C=\+RS=X_ GRE0+SSERS J =@+RX C( J ) ERC+S' C( =C GRX="[@R
R=\X(E`+CX RJ
JJ GG+C GREAEX+( X;=S SA@@ ]ER? =C X;+ ?=C(+SX ACC+R
C( X;C? X;+A \+R_ A[";JO
R@ \EC +R`8;= R+G+X+( ;=S SXC(GE=CX E[X R+"+GX=\+ C( GRE(["X=\+
@+RC=C8 C( ]ER?=C8 8=C C( 8=C @X+R EC' S ]+ ]=@@ S++J
C ;=S ZZC( =RX;(_ ;+ R+GERX+( X;X ;=S 8RC(0X;+R ]S ]ERR=+( E[X
;=S GRE0+SS=ECJ =S 8RC(0X;+R ;( ;+R( X;X E_ ];E SX[(=+( XE8+X;+R
]=X; R@ @R+(_ ;( X;+ GES=X=EC E0 8E\+RCA+CX E2"=@J NC( A ;C8<
=C8 RE[C(JO =S 8RC(0X;+R XE@( ;=A& N ?CE] AC_ G+EG@+ ];E ;\+ SX[(<
=+( @EX C( ];E (=( CEX A?+ =XJO R@ ?C+] ;=S 8RC(0X;+R \+R_ ]+@@T
;+ S;E[@( CEX R+"XJ + R+"E8C=`+( X;X ;+ S;E[@( S;E] X;+ ];=X+ 68 CE]
=C ER(+R XE 8+X ;=S E]C ]_' CA+@_ X;X ;=S 8RC(0X;+R S;E[@( S[GGERX ;=S
C+^X G@CSJ C "XE+R' FDa5' ;+ "A+ XE X;+ =CS=8;X& N +@=+\+ XE(_ =S X;+
4RSX (_ =C A_ @=0+ ];+R+ R+"E8C=`+ X;+ =AGERXC"+ E0 A_ 8RC(0X;+R 0ER
A_ (+\+@EGA+CX' ];=@+ ;\+ "ECS=(+R+( ;=A [CX=@ CE] S X+RR=@+' =C\=C<
"=@+ RR=+R C( ;\+ E0X+C R+8R+XX+( ];_ "E[@( CEX A?+ A_ ]_ @EC+J
0 "EE@' \+R8+<ERC ;=@=SX=C+ ]E[@( R+( A_ (=R=+S E0 X;+ @SX 0E[R _+RS
;+ ]E[@( "ECS=(+R A+ X @+SX S A(J ;+ R+"E8C=X=EC E0 X;+ =AGERXC"+ E0
X;+ =CCR(S ;S 8=C+( AER+ C( AER+ 8RE[C(J ++G =C [S \E="+ =S "X=C8
S_=C8 ];X _E[ S;E[@( (EJ ;=S \E="+ =S [(=@+ =C +\+R_ AEA+CX E0 @=0+ C(
];+C ]+ 0E@@E] =X @]_S S E0X+C S =X SG+?S' SE E[R @=0+ =S SX=S4+( C( R=";
=C R+C[C"=X=EC [X @SE R="; =C \="XER=+SJ 0 ]+ "RR_ E[X (+"=S=EC' S_ =C
S"=+CX=4" CX[R+' SE ]+ ;\+ ]EC \="XER_ JJJ @@ X;X ]+ (A=R+ =C ;[AC
SE"=+X_ =S GRE(["X E0 @=+RX_' C E+(=+C"+ XE C =CC+R S+@6+SS =AG+X[SJ X
X;+ +8=CC=C8 ]+ R+"E8C=`+ EC@_ X;+ \=S=@+ JJJ \="XER=+S E0 X;=S @=+RX_' JJJ E<
(_ ;[@S [S X;X ]_' XEAERRE] X;=S ]_ JJJO C X;+ 0E@@E]=C8 GR8RG;S
R@ G;=@ESEG;=`+( 0[RX;+R EC (=1+R+CX GE=CXSJ =C@@_' ;+ (R+] SEA+ "EC"@[<
S=ECS "EC"+RC=C8 ;=S @=0+& N C @@ X;ES+ X;=C8S "@@+( \="+ ;\+ S[RGSS+( A_
0R=+C(SJ R(+C+( 0+@@E]S ;\+ GR+(="X+( (+@=R=[A 0ER A+J C( @AESX 0ER X]E
_+RS ;\+ ++C C+R@_ XEX@@_ SX=C+CXJ C \+RS=EC XE ]EA+C H+=+RCI
;\+ C+\+R ?CE]C C( "ECS"=+C"+ EC@_ \+R_ @=XX@+J +8R+X ;\+ C+\+R 0+@XJ
<@M 2& ;$ L; FL4& 9$ $P&9LOF& /M
C( 0ER @@ X;X X;+R+ ;\+ ++C AEA+CXS ([R=C8 @@ X=A+S ];+R+ 0"+( @@
X;+ >[C? XEX@@_ =C(=1+R+CX@_' =C ];="; ]S S++A=C8@_ XRGG+(J C( =C X;+
A=(SX E0 G@+S[R+ 0+@X E0X+C (R?@_ X;X (E CEX R+@@_ +@EC8 X;+R+ C(
X;X "C @+\+ @SE ]=X;E[X XR"+ E0 R+8R+XJ ;+ R+S[@XS E0 @@ E0 X;+S+
GSS=ECS R+ +^G+R=+C"+' SEA+ G;_S="@ (+0+"XS' [X @=XX@+ AER@ C( L[=X+ CE
+S+XX=C8 \="+SJ ;\+ 0+@X X;+ L[+SX=EC X;X CX[R+ @=?+ A+ A[SX ](+ =C
X;+ AERSSJ E] "E[@( =X ;GG+CJ ;_ A[SX >[SX XR_ @@ X;+ =XX+R 0EE(S
HC( X;+_ R+ =XX+R (+SG=X+ X;+=R +CX="=C8 REAI ];=@+ J H 0R=+C(' X;+ [<
X;ERI 8E+S ]=X;E[X 8[=@X C( SGEX@+SS@_ X;RE[8; @=0+M CERC GREG+RX=+S C(
+(["X=EC R+ R+SGECS=@+ 0ER X;=SJ C @@ G="X[R+S' EC ];="; A R+GR+S+CX+(
S ";=@(' @[8; A[S=C8@_' ";R"X+R=SX=" ];="; ]S S[R+@_ R+"E8C=`+(
]=X; G"=4"X=EC _ X;+ GR+CXSJ C( X;=S 0E[@ @[8;=C8 A[SX + "[R+( _
0X+ JJJO
C "XE+R' D' FDa5' ;+ A(+ X;+ 4C@ (+"=S=EC "EC"+RC=C8 X;+ ";E="+
E0 ;=S GRE0+SS=EC& N ;\+ X;+ ";E="+ +X]++C 8+E@E8_ C( R=(8+ [=@(=C8J
=X; X;+ AEC+_ ];="; A_ 8RC(0X;+R ;( +RC+( ;R( C( X;RE[8; ;=S
8EE(C+SS A +C@+( XE @+RC SEA+X;=C8 ER(+R@_ =C \=+] E0 A_ R+SG+"X=\+
]=S;+SJ ]=@@ CEX A?+ 0[RX;+R [S+ E0 ;=S S[GGERXJ A =CX+CS=\+@_ E""[G=+(
=C EX; GRE0+SS=ECST A[SX X[RC XE X;+A 8R+X GRX E0 A_ ]ER?=C8 GE]+RJ
;+ =CX+@@+"X =S 0[C"X=EC=C8 =C EX; "S+S JJJ +E@E8_ (E+S CEX +^"++( EC@_
(+S"R=GX=EC E0 CX[R+T A["; JJJ ]ER? ]=X; @=XX@+ S[""+SSJ CC+R R+@X=EC XE
CX[R+' +1+"X ]+?+C+( _ X;+ ES+R\X=EC JJJO
C X;+ 0E@@E]=C8 GR8RG;S =C ;=S (=R_' ;+ +^GR+SS+( SEA+ =(+S E[X
X;+ 48;X E0 X;+ ;[AC +=C8 8=CSX CX[R+' C( X;+ 48;X +X]++C X;=RSX 0ER
G@+S[R+ C( R+SECJ
[R=C8 X;+ ]=CX+R C( S[AA+R S+A+SX+RS FDa5WFDaV R@ \EC +R`8;=
"ECX=C[+( ;=S SX[(=+S =C 8+E@E8_' +@+A+CXS E0 R=(8+ +C8=C++R=C8 C( R=@]_
"ECSXR["X=EC X X;+ [C=\+RS=X_ C( X;+ +";C=S";+ E";S";[@+ E0 R`' ];=";
]S 4CC"+( _ ;=S 8RC(0X;+R 0ER EC+ _+RJ + ;EG+( X;X ;+ "E[@( X[RC XE
GE@R +^G@ERX=EC @X+R ];="; S++A+( XE + =C ""ER(C"+ ]=X; ;=S =C"@=CX=ECJ
E]+\+R' ([R=C8 X;+ S[AA+R E0 FDaV ;+ ;( ( ""=(+CX =C X;+ @GS C(
=X ]S "@+R XE ;=A X;X ;+ ]E[@( C+\+R + @+ XE X?+ GRX =C S["; (=2"[@X
XE[RS =C SCE] C( ="+J ;+R+0ER+' ;+ (+"=(+( XE 8+X >E =C "ECSXR["X=EC 4RA
];+R+ ;+ ]E[@( ;\+ X @+SX X;+ GESS==@=X_ XE ]ER? X X=A+S =C ;=S 0\ER=X+
4+@(' =C X;+ X+";C="@ 8+E@E8="@ R+ C( ;=S S+@0<"EC4(+C"+ 8R+] SX+(=@_J
;+ (_ +0ER+ ;=S ZYR( =RX;(_ ;+ SXX+( =C =A=XX=EC E0 +S"RX+SQ 4)-A4
!?)4 @C1& NJJJ EC ];="; A 4C@@_ @+ XE S++ =CXE X;+ ]ER@( C( XE X;=C?
0R++@_' "EAG@+X+@_ 0R++@_' EC@_ (+X+RA=C+( _ A_S+@0J A A+JO C( ;=S SXREC8
!)4 R+A=C+( C +SS+CX=@ GRX E0 ;=S ";R"X+R ;=S ];E@+ @=0+X=A+J
C
[@_ F' FDaV' ;+ ]S +C88+( _ X;+ "EC"R+X+ "ECSXR["X=EC 4RA (E@0
REC =XX+@ =C =+CC S C [CG=( XR=C++ C( =C X;+ 0@@ E0 X;+ SA+ _+R
;+ R+";+( X;+ GES=X=EC E0 GRE>+"X +C8=C++RJ S A+";C="@ +C8=C++R =X ]S
CEX +S_ 0ER ;=A XE ]ER? EC "=\=@ +C8=C++R=C8 GRE@+AS X X;+ +8=CC=C8 E0
;=S "E<EG+RX=EC ]=X; X;+ 4RAJ + ]S E0X+C EX;+R+( _ 0++@=C8 E0 @"?=C8
// <@ F7 P;9 &FT024EG 247$2;;$# ;OL2 9$ 24G ;$ L; FL4& 9$ 2&;FS
X@+CXJ E]+\+R' =C X;+ 4RA X;+R+ ]S 8RE[G E0 "E<EG+RX=\+ C( +^G+R=+C"+(
+C8=C++RS ];E ;+@G+( ;=A XE "@ES+ X;+ @R8+ 8GS =C ;=S X+";C="@ ?CE]@+(8+J
C+ _+R 0X+R ;=S +CXRC"+ =CXE X;+ =+CC+S+ 4RA' ;+ ]S S+CX XE E<
AC= XE "X S C =C(+G+C(+CX [=@(=C8 S[G+R\=SER =C "ECSXR["X=C8 8_GS[A
S=@ES' (+SG=X+ X;+ 0"X X;X ;+ ;( C+\+R S++C @R8+ [=@(=C8 S=X+J ;+R+
;+ @+RC+( X;+ +@+A+CXS E0 GR"X="@ "=\=@ +C8=C++R=C8 =C \+R_ S;ERX X=A+
X;RE[8; GRE"+SS E0 XR=@ C( +RRERJ NER X;+ AEC+_' ];="; X;+ 0SX 8RE]X;
E0 A_ +^G+R=+C"+ ;( "ESX X;+ +CXR+GR+C+[R' ;+ "E[@( ;\+ ;=R+( C +^G+<
R=+C"+( 4RSX<RC?+( [=@(=C8 S[G+R\=SERJO 0X+R 4C=S;=C8 X;+ "ECSXR["X=EC E0
X;+ S=@ES =C EAC=' ;+ ]S +CXR[SX+( ]=X; X;+ "ECSXR["X=EC E0 ;EX+@ X
+AA+R=C8 ' @EC8 ]=X; X;+ "EC"+GX=EC C( "ECSXR["X=EC E0 SA@@ [X =C<
X+R+SX=C8 ;_(RE+@+"XR=" GE]+R (+\+@EGA+CX =C E]+R [SXR=J C X;+ A+CX=A+
;=S =CG[X ]S GGR+"=X+( C( ;=S =C6[+C"+ ]=X;=C X;+ 4RA 8R+]T 0ER +ÂG@+'
;+ S?+( RE0+SSER ER";;+=A+R' ];E ;+ ?C+] 0REA ;=S SX[(=+S =C R`' XE
GR+GR+ C +^G+RX EG=C=EC EC [=@(=C8 GRE@+AJ E=C8 G+EG@+ 0\ERS ];=";
"ESX CEX;=C8' "C + E0 8R+X \@[+ SEA+X=A+S =C R+@ @=0+J ["; ]S ;+R+ X;+
"S+ S ]+ ]=@@ S++ @X+RJ
E]+\+R' R@ \EC +R`8;= ]S CEX SX=S4+( =C ;=S GRE0+SS=EC +"[S+ ;+
]S CEX A?=C8 C_ GRE8R+SS =C X;+ 4+@( E0 X+";C="@ 8+E@E8_J ;+R+0ER+' 0X+R
C+R@_ X;R++ _+RS E0 2@=X=EC ]=X; X;+ "ECSXR["X=EC 4RA' ;+ GG@=+( 0ER
GES=X=EC S C E2"+R =C X;+ [X"; "E@EC=@ XREEGSJ +0ER+ X;+ C+8EX=X=ECS
"A+ XE C +C(' ;+ ]S G[X =C ";R8+ E0 X;+ +^G@ERX=EC E0 X;+ GR+@=A=CR_
;_(RE8RG;=" C( 8+E@E8="@ SX[(=+S 0ER GREGES+( @R8+ ;_(RE+@+"XR=" GE]+R
(+\+@EGA+CX EC X;+ "? R=\+R =C REX=' =C X;+ ;=CX+R@C( E0 X;+ (R=X="
"ESXJ + ""+GX+( X;+ E1+R C( S+X [G ;=S ;+(L[RX+RS =C =[A+ H=>+?I
EC X;+ "ESX C( =C X;+ \=@@8+ E0 XE"" =C X;+ ;=CX+R@C(J
@0 _+R @X+R X;+ @="+CS+ XE [=@( X;+ ;_(RE+@+"XR=" GE]+R G@CX ]+CX
E\+R XE X;+ ?-A-:C! 0!A?--A! 0ERAX=EC E0 X;+ 2A?!6?-@! )!2!?0 !@
42@A?CA-42@ =C R=SJ ;+ 4RA 8\+ ;=A X;+ EGGERX[C=X_ XE "E@@+"X @EX
E0 (X 0ER X;+ SE@[X=EC E0 X+";C="@<8+E@E8="@ XS?J R@ \EC +R`8;=
+8C XE + XX";+( XE X;+ @C(S"G+ C( ;+ (+\+@EG+( \+R_ G+RSEC@
R+@X=ECS;=G XE X;+ ]=@( C( G="X[R+SL[+ R+8=ECJ + ;=?+( X;RE[8; X;+ R+
C( AGG+( E[X X;+ AESX =CX+R+SX=C8 GRXS XEGE8RG;="@@_J + ;( @+RC+(
S [=@(=C8 AC8+R EC (=1+R+CX [=@(=C8 S=X+S =C X;+ @SX _+RS XE ER8C=`+'
XE "EC"+CXRX+ EC ;=S ]ER? C( XE AEX=\X+ X;+ ]ER?+RSJ N;+ 0R++ @=0+ =C X;+
AR\+@@E[S C( ]=@( CX[R+ C( X;+ +CX;[S=SX=" (+\EX=EC XE E[R "EAAEC 8E@
A(+ X;+ ]ER? @SE =C X;+ 8@+<@S;+( ]=CXR_ ?RSX =CXE R+@ +^G+R=+C"+JO
E]+\+R' ;+ ]S @=XX@+ (+GR+SS+( ([+ XE X;+ 0"X X;X ;=S XS? ]S @=A=X+(
EC@_ XE SA@@ GRX E0 X+";C="@ 8+E@E8_T ;=S ]=S; 0ER AC_<S=(+( +^G+R=+C"+
+"A+ 8R+X+R C( 8R+X+R' C +^G+R=+C"+ ];="; S;E[@( =C"@[(+ @@ 4+@(S E0
[C(+R8RE[C( +C8=C++R=C8J

;O9L49 9$ F&G;FL F& &LQ&&9 4&99 9$ FT@

;L74LS ;) );F8G ;) =&F8&7&# QL&F3G;7O7& F;6 Q242 F& QG2&$ ;OL S
GOF)&3 9$ 0F;O9$QL&FH 4L F&L&G $;749&G >)O99&73G2=&$ 2;7&G? 9$ P&G@
<@M 2& ;$ L; FL4& 9$ $P&9LOF& /-
F7 P;9 &FT024 ><:UI? L 0& NM
;+ R+S[@XS E0 ;=S =C\+SX=8X=ECS =C X;+ REX=C ?RSX @+( ;=A XE C+]
X;+ER_ "EC"+RC=C8 X;+ (+\+@EGA+CX E0 S=C? ;E@+S E0 X;+ ?RSX R+8=ECSJ + G[<
@=S;+( ;=S R+S[@XS C( X;+ER_ [C(+R X;+ X=X@+& 42A?-CA-42@ A4 A+! +G?4)?6+G
2 14?6+404)G 4# A+! ?4A-2 /?@A =C X;+ +SS_S E0 X;+ [C8R=C 8+E@E8=<
"@ +=";S=CSX=X[X =C FDFYJ E]+\+R' ;=S X;+ER_ ]S S;RG@_ R+>+"X+(J =RSX =C
FDF, ;=S R+S+R"; R+S[@XS 0E[C( 8+C+R@ "?CE]@+(8+A+CXJ
;+ "EEG+RX=EC ]=X; SEA+ @+(=C8 SX1 A+A+RS E0 X;+ R+C"; 4RA ]S
CEX @]_S G@+SCXJ N;[S' X;=S "CCEX ]ER?J + "CCEX X?+ [G X;+ ]ER? =0
@]_S X;R++ E0 X;+S+ CSX_ R+C"; A+C R+ X@?=C8JO ER+E\+R& N+ A[SX 0R++
E[RS+@\+S "EAG@+X+@_ 0REA X;+ ;E@([G A+CO C( N;+ R+C"; A+C ;\+ AC_
( ;=XSJO +\+RX;+@+SS' ]=X; X;+ =( E0 X]E R+C"; +C8=C++RS ;+ "A+ @EC8
]+@@ ]=X; ;=S ]ER?J E]+\+R' ;=S R+SX@+SS C( [CSX+(_ CX[R+ @+( ;=A XE X;+
(+"=S=EC XE L[=X ;=S >E' E]=C8 @R8+@_ XE X;+ R+(=C8 E0 EE? EC ;_(R[@="
+C8=C++R=C8' ];+R+ AC_ (+S"R=GX=ECS E0 "ECSXR["X=ECS =C ERX; A+R=" ]+R+
"ECX=C+(' S ;+ ]REX+ =C X;+ 4RSX (R0X E0 @+XX+R XE RE0+SSER =XX+C[+RJ
C GRX="[@R' X;+R+ ]S (+S"R=GX=EC E0 C+] ;_(R[@=" A+X;E( E0 R=CS=C8
0ER X;+ AC[0"X[R+ E0 ;=8; (ASJ R@ \EC +R`8;= (+"=(+( XE 8E XE ERX;
A+R=" =AA+(=X+@_J C ;[RS(_
[C+ Ya' FDFa' =C X;+ C=8;X' ;+ RE(+ XE
R` C( =+CC =C ER(+R XE =C0ERA ;=S 8RC(0X;+R C( XE 8+X SEA+ @+XX+RS
E0 R+"EAA+C(X=EC 0ER ;=S G@CC+( SX_ =C A+R="J + RR=\+( =C R` =C
X;+ AERC=C8J =S 8RC(0X;+R ;( ;=S R+?0SX S [S[@ =C X;+ E@( +RAC
/J <@ F7 P;9 &FT024EG 247$2;;$# ;OL2 9$ 24G ;$ L; FL4& 9$ 2&;FS
F7 P;9 &FT024 L 0& NM
REEA ];+R+ ;+ SAE?+( ;=S AERC=C8 "=8RJ R@ +^G@=C+( ;=S G@CS S ;+ ;(
(EC+ SE E0X+C +0ER+J =S 8RC(0X;+R 8R++( XE ;=S (+"=S=EC =AA+(=X+@_ -
8=CSX R@QS +^G+"XX=ECS - C( SS[R+( ;=A E0 ;=S 4CC"=@ S[GGERXJ
R@ SG+CX SEA+ (_S =C R`' \=S=X+( X]E 0R=+C(S C( RE0+SSER ER";<
;+=A+R H=+CCI' +0ER+ R=(=C8 "? XE =[A+ =C ER(+R XE 4C=S; ;=S ]ER?J
C
[@_ V' FDFa' ;+ S+CX ;=S CEX="+ E0 R+S=8CX=EC XE X;+ 8+C+R@ AC8+A+CXT
;+ ]S ;GG_ XE + +C(=C8 ;=S REX=C N(\+CX[R+O =C X;+ =SE@X+( ?RSX'

2474== ;F22&48&F# ;F9 49 4&99 G G;9 ;) )L;FS ;Q9&F# ;9 O0OGL I#
<'-N# GLO$4&$ L L2& &294G2& ;2G2O7& 49 4&99 9$ OF42# Q2&F& 2&
=GG&$ L2& &9049&&F &R849L4;9 >4=7;8? 49 <'IM@ OF490 L2& );77;Q490 S&FG
2& Q;F6&$ 49 L2& ,&7$G ;) LF9G=;FLL4;9# O47$490 890&8&9L 9$ F47QS ;93
GLFOL4;9@ 9 <''N# 2& &8& GG4GL9L L L2& 24F );F 2S$FO74 &9049&&F490
9$ O47$490 ;9GLFOL4;9 9$ 7L&F =F;)&GG;F L L2& &294G2& ;2G2O7& 49
2&9 >&F89S?@ & $4$ 24G $;L;F L2&G4G L L2& O94P&FG4LS ;) O490&9 9$
49 <'': 2& Q;F6&$ );F G2;FL L48& L L2& &9049&&F490 G2;;7 49 ;9GL9L49;=7&@
& F&LOF9&$ L; 2&9 49 <':N# Q2&F& 2& F&&4P&$ L2& =;G4L4;9 ;) )O77 =F;)&GG;F@
& GLS&$ ;97S );F LQ; S&FG 49 2&9 9$ L2&9 L;;6 ;P&F =F;)&GG;FG24= L L2&
&294G2& ;2G2O7& 49 FT@ 9 <:</ 2& );77;Q&$ 9 49P4LL4;9 L; F&;F094T&
L2& 90&94&OF2;2G2O7& 49 ;9GL9L49;=7&@ & $4&$ 49 %
OF9GL&49# ;Q&F OGLF4#
;9 L;&F N# <:MM@ L L2& &0499490 ;) 24G $&84 F&&F# ;F22&48&F QG
49P;7P&$ Q4L2 =F;7&8G 49 G;47 8&294G@ L&F 2& LOF9&$ L; 2S$FO74 =F;3
7&8G@ 4G 849 Q;F6 4G L2& 8;9;0F=2S >- P;7O8&G? (+!()) ( .(+
>;8=&9$4O8 ;) 2S$FO74G?@
<@M 2& ;$ L; FL4& 9$ $P&9LOF& /I
SEECJ @X;E[8; AC8+R E0 X;+ 4RA A(+ 8R+X +1ERXS XE G+RS[(+ ;=A XE
SX_ =C REX=' R@ \EC +R`8;= SXEE( 4RA =C ;=S (+"=S=ECJ E]+\+R' ;+
R+"E8C=`+( X;X ;+ ]E[@( A=SS REX=' X;+ ?RSX' X;+ +@+=X AE[CX=C RC8+
C( =[A+J NR+]+@@ A_ +@+=XJ ]=@@ C+\+R 0ER8+X _E[JO + XEE? @EE?
X X;+ @[+ (R=X=" + 0ER X;+ @SX X=A+ C( ;+(+( ]=X; X;+ [+RCR=@<
RE( XE [SXR= X;RE[8; S;E]+RS C( 0E8' GSS=C8 XERR+CX=@ R=\+RS C( X;+
]+X E;+C [+RC' XE =X`) [;+@' +"[S+ ;=S 0A=@_ ]S EC \"X=EC X;+R+J
R@ \EC +R`8;= +C>E_+(' 0X+R EC+ C( ;@0 _+RS S+C"+' +=C8 ]=X; ;=S
0A=@_' ;=S R+SG+"X+( 8RC(0X;+R' ;=S +@E\+( AEX;+R C( ;=S ";RA=C8 S=SX+R
@@' C( ;+ ]REX+ =C ;=S (=R_ =C +GX+A+R& NRC(0X;+R ]S =C 8EE(
AEE( 0X+R (=CC+R XE(_J ]S S=XX=C8 =C @"? RA";=R X X;+ ]=C(E]T
;+ G"+( XE C( 0ER =C ;=S RE+' ;=S C=8;X<"G ]=X; X;+ RE( \=SER G[S;+(
(++G@_ =CXE ;=S 0"+ C( XR=C+( ;=S "EC\@+S"+CX RA =C SAEEX;' L[=+X AE<
X=ECSJO RC(0X;+R XE@( \=\=(@_ C( +^X+CS=\+@_ SEA+ SXER=+S E[X ;=S SXE"?
;E@(=C8S C( ;E] ;+ @ESX AC_ S;R+S E0 R="+<G++@<0"XER_ =C R=+SX ([+ XE
SEA+ AC=G[@X=EC EC X;+ GRX E0 X;+ AC8+A+CXJ N;+C R+X[RC XE R`
]=@@ S+@@ X;+ S;R+ST X;+S+ R+ X;+ @SX =C([SXR_ S;R+S ;\+J @@ X;+ EX;+RS
R+ +CS[R+( 8E\+RCA+CX SXE"?S' JJJO
REA =X`) [;+@' R@ \EC +R`8;= SXRX+( ]=X; @@ 0ER SEA+ +^"[RS=ECS&
XE [0SX+=CT XE [C=";T XE RA=S";<X+C?=R";+CT XE ++0+@(T C( XE CS<
R["?' S ]+@@ S CX+R+R8<+@0+S<X[=X@;C C( "? XE =X`) [;+@J
C [C="; @@ ]CX+( XE \=S=X X;+ G@_ ;E[S+ +R+C=SS=A[S C( X;+
"R+X +R+C=SS=A[S X X;+ =+8+SXERJ C X;+ ";[SG=+@;[S ]=X; =XS G@=C'
8R+_ "+=@=C8' 0[RC=S;+( ]=X; EC@_ 0+] ERCA+CXS' E( E(QS 0[CC_ SX8+<
G@_ !? !0+!??!2+C)!0 ]S G+R0ERA+(J NE( =S \+R_ ]=XX_' EC+ "E[@(
@[8;J ;+R+ =S' ;E]+\+R' CE GRE4XOJ C X;+ +R+C=SS=A[S R@ \EC +R`<
8;= ]S \+R_ (=SGGE=CX+( _ X;+ GRE8RAT =X ]S XEE S=AG@+ A=C(+(J C
X;+ @SX +\+C=C8 =C [C="; R@ @+( @@ XE X;+ +^;==X=EC GR? C( =CXE X;+
A=C R+SX[RCXJ REA X;+ X+RR"+ ;+ +C>E_+( X;+ \=+] E0 X;+ [S_ @=0+ C( ;+
]S 8@( X @@QS G@+S[R+J N;+ =S SEA+X=A+S R+@@_ ";RA=C8 =C ;+R C=\+X_T
S;+ 0ER8+XS "EAG@+X+@_ X;+ SX=1C+SS' ";R"X+R=SX=" =C E[R 0A=@_' ];+C S;+
(+\EX+S ;+RS+@0 XE X;+ =AGR+SS=EC E0 X;+ AEA+CX ]=X;E[X C_ A+CX@ R+S+R\<
X=EC' ]=X;E[X C_ "EC\+CX=EC' ]=X;E[X C_ 1+"XX=ECJ +R +_+S X[RC R=8;X@_
0REA EC+ X;=C8 XE CEX;+R C( ;+R R+AR?S R+\+@ \=\=( GRX="=GX=ECJ +S'
EC+ "C X@? XE S["; 8=R@ =C S["; S=X[X=ECSJ E AESX 8=R@S EC+ "C @=+J -
;+ =CCX+ 0@S+;EE( E0 ]EAC =S EC+ E0 X;+ AESX =AGERXCX +@+A+CXS =C X;+
=CX+RG@_ E0 X;+ S+^+SJ ;+ 0+=8C ]EAC XX@+S X;+ AC XE +^G@ER+ ;E] 0R
;+R S+^[@=X_ XR[@_ 8E+SJ X A?+S X;+ AC ;GG_ C( R[=CS ;=AJO
0X+R ;=S R+X[RC XE =X`) [;+@' R@ \EC +R`8;= (=( @EX E0 ;=?=C8J E]<
+\+R' ;+ 0E[C( @SE @+=S[R+ X=A+ XE R+( SEA+ EE?S' 0ER +ÂG@+ EE? E[X
X+";CE@E8_ _ ^ \EC _X;' ];E @=\+( =C X;+ C=C+X++CX; "+CX[R_J
C +GX+A+R FF' FDFa' R@ \EC +R`8;= @+0X =X`) [;+@ C( ;+(+(
0ER R[SS+@S =C ER(+R XE \=S=X X;+ ER@( =RJ SXRC8+ AEE( @_ E\+R X;+
0R+]+@@ =C X;+ (=C=C8 REEAJ =S 8RC(0X;+R' =C ;=S RE]C RE+ C( ;=S ;E[S+
/' <@ F7 P;9 &FT024EG 247$2;;$# ;OL2 9$ 24G ;$ L; FL4& 9$ 2&;FS
"G' "R=+(J + S=( ]=X; A+@C";E@_& N;E ?CE]S' ];+X;+R ]+ A++X 8=C
=C E[R @=0+ - X;+R+ =S' ;E]+\+R' ;EG+JO R@ "E[@( CEX X?+ X;+ (++G +AEX=EC
C( X;+ G=C E0 E@( 8RC(0X;+R C( ]+CX ]_ L[="?@_J =S AEX;+R C( @@
""EAGC=+( ;=A XE X;+ R=@RE( SXX=ECJ + CS]+R+( S;ERX@_ C( R[SL[+@_
];+C X;+_ XX+AGX+( XE X@? XE ;=AJ + +CX+R+( ;=S "EAGRXA+CX C( X;+
XR=C (+GRX+( =AA+(=X+@_J =S AEX;+R ]S G@+ C( @EE?+( SERRE]0[@@_ 0X+R
;=AJ @@ ]S "@A S @]_SJ X ]S 0E88_ (_ C( ;+ ]S =C \+R_
A+@C";E@_ AEE(J N;+ XR=C =S R[S;=C8 E\+R X;+ CC<R=(8+' +C+X; =S X;+
RE( 8R++C SXR+A' C( 0ER]R( =CXE X;+ \R=C ;=8;@C(J C =X`) [;+@'
;E]+\+R' X;+ E@( AC =S S=XX=C8 =C ;=S RE+ =C X;+ (=C=C8 REEA C( X;=C?=C8J
@EC8 X[R[@+CX @=0+ @=+S +;=C( ;=AJ + ;S SXR[88@+(' ;EG+(' 8RGG@+( C(
S[""++(+(J ;+C ;+ ]CX+( XE GSS EC X;+ ]+GECSJ =SGGE=CXA+CX 0X+R
(=SGGE=CXA+CX ;+ ;S 8EC+ X;RE[8;J ;+X+( _ X;+ SECJ S?R C( ="XER
X[RC+( E[X (@_J EX;+R =@@<;[AE[R+(' @@ SX=@@ S=C8@+J C@_ ;=S 8RC(SEC
;S ++C (+\+@EG+( =C X;X (=R+"X=EC S ;+ ;S ;EG+(' S AC C( S +C8=C++RJ
+ ;S ]SX+( ;=S ];E@+ @E\+ EC ;=AJ + ;S X[8;X ;=A 8_ACSX=" +^+R"=S+S
C( "@"[@X=EC' ;+ ;S ]@?+( ]=X; ;=A C( ;S XE@( ;=A SXER=+S E0 [C8R=C
RE+RS C( E;+A=C "SX@+SJ + ;S XX+CX=\+@_ 0E@@E]+( ;=S (+\+@EGA+CX
]=X; >E_ C( SERRE]' 0REA G[G=@ C( JJJ XE SX[(+CX =C ;=S 4C@ S+A+SX+RJ
;+C GR"X="+ ;S "EA+ ];="; ;S L[="?@_ AX[R+( ;=A XE ACJ ;+C ;+
"A+ ;EA+ 0X+R ;@0 _+R E0 ]ER?=C8 =C [C8R_ ER E]+R [SXR= XCC+(
C( ;[C8R_' X;+R+ ]S S[CS;=C+ =C X;+ ;E[S+J ;+C ;+ ]S 8@( E[X X;+
0R[=XS E0 ;=S +(["X=EC C( E[X X;+ "ECX=C[X=EC E0 ;=S @=0+ ]ER?JO
;+ _+R FDFF AR?+( \+R_ =AGERXCX C( (+"=S=\+ X=A+ =C X;+ @=0+ E0
R@ \EC +R`8;=QS 0A=@_ C(' =C GRX="[@R' =C ;=S E]C @=0+J C X;=S _+R
R@QS S=SX+R @@ ARR=+( R=X` _@E1 C( R@ A+X EC X;=S E""S=EC @@QS
S=SX+R<=C<@] C( ;=S 8R+X @E\+ @8 _@E1J ER+E\+R' R@ \EC +R`8;=
4C=S;+( ;=S (=SS+RXX=EC X;+S=S C( XEE? E\+R C+] >E S "ECSXR["X=EC
AC8+R =C XJ +X+RS[R8' [SS=J
@@QS ARR=8+ ]S EC R"; F7' S ;+ R+GERX+( =C ;=S (=R_ EC R";
ZU' FDFFJ @R+(_ SEA+ (_S +0ER+ X;+ ];E@+ ;E[S+' [S[@@_ \+R_ L[=+X' ]S
XR+A@=C8 =C +^G+"XX=EC E0 X;+ X;=C8S ];="; ]E[@( "EA+J \+R_ (_ @@
S;E]+(' ]=X; R=8;X +_+S' @]_S C+] ]+((=C8 GR+S+CXJ R@ ]S 0S"=CX+(
_ @8 A@=+ X;R=C _@E1' ERC =C R[R8 EC X;+ R[ H R=ERI' EC
+GX+A+R ZU' F,,Y' C( (+S"+C(CX E0 C E@( "(+A="@@_ +(["X+( 0A=@_J

F4&$F42 LL;6F S7;*# 7QSG 69;Q9 G F4LT# QG ;F9 49 FOF0 ;9 L2&
FO > F4;F?# ;9 O0OGL '# <'I-@ & P4G4L&$ 7;P&949 &7&8&9LFS G2;;7
( 7L2;O02 24G 8;L2&F L;90O& QG &F89 ( 49 ;F$&F L; 7&F9 L2& 7;P&949
790O0&@ 2&9# 2& P4G4L&$ L2& S89G4O8 49 4774@ )L&F 2& 2$ GLO$4&$ 7Q#
2& $4$ 24G $;L;FL& L2&G4G 9$ 24G F40;F;GO8 L L2& F73F9T&9G394P&FG4LS 49
FT ;9 &&8&F# <':I@ & Q;F6&$ G 7QS&F 9$ $4$ 24G 2474LL4;9 L2&G4G 49
OGLF49 F48497 7Q 9$ F48497 LF47 7Q >F4PL$;T&9L? 49 ;P&8&F# <:UN@
9 S NN# <:<U# 2& QG ==;49L&$ );F =;G4L4;9 G 9 O9=4$ +("(!*(
("))"( L L2& )O7LS ;) 7Q 9$ =;74L47 G4&9&G ;) L2& 94P&FG4LS ;) FT@
9 <:<- F4LT S7;* G&FP&$ G P;7O9L&&F 49 ;F7 F 9$ 2& &8& )O77
=F;)&GG;F P&FS 7L&# 98&7S# ,FGL 49 &FOFS <# <:/U@ 9 S# <:/U# 2& $4&$@
<@M 2& ;$ L; FL4& 9$ $P&9LOF& /:
&8&FG ;) L2& )847S S7;*# )F;8 L2& F402L"

70# 70EG 8;L2&F# )L2&F#
F;L2&F F4LT 9$ F;L2&F 7L&F
+R GR+CXS R=+(+R=[S AC[+@@ +@=^ _@E1 C( XR=C

E;CC +GJ
=+X` ]+R+ ERC C( (=+( =C R`J N@8 ;( "EA+ 0REA RCS=@\C= C(
S] ;+R 0ER X;+ 4RSX X=A+ ];+C S;+ SX XE8+X;+R ]=X; ;+R AEX;+R =C @@QS
REEA EC X;+ SE0 ];="; ]S "E\+R+( ]=X; GE@R +R ;=(+J @=8;X' R=8;X
\+=@ ;+=8;X+C+( X;+ ";RA E0 ;+R 4C+<"[X 0=R 0"+ C( ;+R SE0X' "@+R C(
"ER(=@ @[8; "ECL[+R+( L[="?@_ A_ \+RS=EC XE X;+ CA+ _@E1' @X;E[8;
;+R +^XR+A+ +SX++A E0 X;+ JJJ R=SXE"RX=" "=R"@+S' =C ];="; S;+ @=\+S' ;[RX A+
C( "EE@+( A+ E1 @=XX@+J +R S@+C(+R' 6+^=@+ 48[R+ SXC(S CEX =C X;+ @+SX
"ECXRSX XE X;+ @EC8 JJJ HMI E0 ;+R AEX;+RJO
R([@@_ ;+ 0+@@ =C @E\+ ]=X; @8J C GR=@ ZF' FDFF' ;+ +^GR+SS+( ;=S
0++@=C8S& NSX+R [C(_' EC(_' [+S(_' +(C+S(_' _+SX+R(_' (_S'
"CCEX (+S"R=+' (_S E0 ]EC(+R0[@ S;=C=C8 +[X_' SXERA_ +AEX=ECS' R+"E8<
C=`=C8 @E\+' ;E[RS E0 L[=+X G=CJO C ;[RS(_' GR=@ Za' @8 @+0X R` C(
R@ ]+CX X;RE[8; (_S E0 (+S=R+ C( 8EC_J [R=C8 X;=S X=A+ ;+ @]_S R+<
A+A+R+( X;+ +[X=0[@ (_S ;+ ;( ]=X; @8 - C( ;+ ]REX+ @+XX+RS XE
@8J
C R";' FDFF' ;+ ]ER?+( R+SX@+SS@_ EC ;=S (=SS+RXX=EC X;+S=S C( ;( CEX
++C @+ XE G[X ;=S (=@_ @=0+ =C ER(+R 0ER X;R++ ]++?SJ +]SGG+RS @_ G"?+(
EC (+S? C( "@ES+X' X;+ G="X[R+S E0 ;=S RX "@+C(R R+A=C+( [CXE[";+( C(
-U <@ F7 P;9 &FT024EG 247$2;;$# ;OL2 9$ 24G ;$ L; FL4& 9$ 2&;FS
0"X[@ RX="@+S @_ [CR+( EC X;+ SXEE@J ;+ ";GX+R EC N@=A=X SXR=CSO ;(
SER+( ;=S ];E@+ GE]+RJ C@_ @@QS ARR=8+ XER+ ;=A E[X E0 X;+ GRE(["X=\+
R+SX@+SSC+SS 0ER SEA+ (_SJ
C _ ZY' ;+ S+CX =C ;=S (=SS+RXX=EC X;+S=S !-A?) HC? @AA-@+!2 2,
A!?@C+C2) HG0-2?-@+!? @@!?!+0A!? HECXR=[X=EC XE X;+ SXX="@ =C<
\+SX=8X=EC E0 "_@=C(R="@ XC?SIJ EA+ GRE0+SSERS ];E ;( XE R+\=+]+( ;=S
(=SS+RXX=EC XE@( ;=A X;X X;+_ "E[@( CEX ]R=X+ X;+ +^G+RX EG=C=EC +0ER+
"XE+R ER E\+A+RJ ;[S' ;=S ;EG+ XE + "EC0+RR+( X;+ (E"XER (+8R++ =C
[@_ C( @SE ;=S ;EG+ XE 8E XE X;+ C=X+( XX+S E0 A+R=" 0ER \=S=X=C8 X;+
;[8+ ;_(R[@=" "ECSXR["X=ECS =C X;+ +SX @R+(_ =C FDFF ;( 8EC+J
C ER(+R XE 4@@ X;+ C+^X AECX;S ]=X; [S+0[@ "X=\=X=+S [CX=@ ;=S \=\ \E"+
HR=8ERES[AI ;+ XR=+( XE 8+X GES=X=EC =C "ECSXR["X=EC 4RAJ + ]REX+ XE
0R=+C( =C =8 ];E RRC8+( X;+ GES=X=EC =C X;+ [SS=C 4RA E0 "ECXR"XERS'
J
J ER+CX`+C ECS' XJ +X+RS[R8J [R=C8 X;+ C+^X (_S' R@ \EC +R`8;=
+CX+R+( =CXE "ECXR"X ]=X; X;+ [SS=C 4RA _ X+@+8RG;T ;=S 8RC(0X;+R
]S \+R_ ;GG_ E[X X;+ "EC"@[S=ECJ
C
[C+ D' FDFF' R@ \EC +R`8;= ]S EC ;=S ]_ XE XJ +X+RS[R8J
SS=C8 X;+ SCE]<];=X+ ";@?<"@=1S E0 +AA+R=C8 ;+ RR=\+( X =+CC ];+R+
;+ (=R+"X@_ R[S;+( XE X;+ [SS=C "ECS[@X+ =C ER(+R XE 8+X X;+ \=S 0ER [SS=J
0X+R X;=S ;=S XS? ]S "@+R@_ (+4C+(' CA+@_ XE 4^ X;+ 0E[C(X=EC E0 X;+ =8
C? [=@(=C8 ]+@+R8 EC +\S?= RESG+"X =C (E]CXE]C XJ +X+RS[R8J X
]S AXX+R E0 6X<0E[C(X=EC EC @@[\=@ @C( ]=X; @_+RS E0 E8 C( A[(J
;+ C+=8;ER=C8<;E[S+S ;( S+XX@+( =RR+8[@R@_ ([+ XE C =CS[2"=+CX S[GGERX
E0 X;+ ]@@S E0 +^"\X=ECJ ;[S' X;+ "ECSXR["X=EC ;( @R+(_ ++C SXEGG+(J
+"[S+ X;+R+ ]+R+ G+C@X=+S 0ER (+@_ =C "EAG@+X=C8 X;+ [=@(=C8 X;+ "ECXR"<
XER ]S \+R_ =CX+R+SX+( X;X R@ \EC +R`8;= 4C( SE@[X=EC C( "EAG@+X+
X;+ [=@(=C8 ]=X;=C X;+ GREGES+( X=A+J C8=C++R R@ \EC +R`8;= 0E[C( X;+
SE@[X=EC C( X;+ ]ER? ]S @+ XE SXRX 8=CJ [R=C8 X;+ "ECSXR["X=EC ]ER?
;+ R+"E8C=`+( @R+(_ X;X X;+ S+XX@+A+CXS E0 X;+ [=@(=C8 "@"[@X+( _ X;+
+C8=C++RS (=( CEX "ERR+SGEC( XE X;+ R+@ EC+S - 4C(=C8 ];="; @+( ;=A XE
C+] =C\+SX=8X=ECS =C SE=@ A+";C="S @X+RJ
C X;+ 0E@@E]=C8 ]++?S ;+ ]S E""[G=+( ]=X; R+SX@+SS ]ER?=C8J E]+\+R'
SEA+X=A+S ;+ 0E[C( @+=S[R+ X=A+ XE X?+ X; =C X;+ @X=" S+' XE SG+C(
([R=C8 X;+ ]++?+C( (_ ]=X; ER+CX`+C =C (X"; C( XE \=S=X X;+ A=C
GE=CXS E0 =CX+R+SX =C XJ +X+RS[R8' +X+R X;+ R+XQS @+8+C(R_ C( ]EC(+R0[@
A+XREGE@=S X X;+ +\' ]=X; =XS SG+"=@ 6=R' X;+ REL[+ C( "@SS="@ R";=<
X+"X[R+' SG@+C(=( R=(8+S C( "C@SJ R@ \EC +R`8;= @E\+( X;+ ]@? @EC8
X;+ +\ C( ;+ (A=R+( X;+ R+A=X8+ ]=X; X;+ =CX+R @"+' "ECX=C=C8
EC+ E0 X;+ AESX 0AE[S RX "E@@+"X=ECS E0 X;+ ]ER@(J + XR\+@+( X;RE[8; X;+
S[RRE[C(=C8S E0 XJ +X+RS[R8' ];+R+ X;+ @E\+@_ RECSX(X =AGR+SS+( ;=A
\+R_ A[";J
X X;+ \+R_ +8=CC=C8 E0 +GX+A+R' FDFF' R@ \EC +R`8;= 4C=S;+( ;=S
]ER? X +\S?= RESG+"XJ + ;( S[""++(+( ]=X; X;+ ;+@G E0 Faaa "E<]ER?+RS
];E ;( ]ER?+( =C (_< C( C=8;X<S;=0XSJ
<@M 2& ;$ L; FL4& 9$ $P&9LOF& -<
C +GX+A+R FF' ;+ R[S;+( 0ER =8' N X;+ [R+A+R8 E0 [SS=JO + ]S

";R8+( ]=X; X;+ ER8C=`X=EC E0 RC"; =C =8 C( ]=X; X;+ =CSX@@X=EC
E0 [=@(=C8 S=X+ X;+R+J C +GX+A+R FF' ;=S 0R=+C(' X;+ ;=8;@_ X@+CX+(
"=\=@ +C8=C++R RJ J J R) E;@=";' ];E ;( @R+(_ ]ER?+( =C REX= [C(+R
;=S S[G+R\=S=EC C( ];E ]E[@( ""EAGC_ ;=A EC X;+ @EC8 ]_ E0 ;=S @=0+'
RR=\+(' "EA=C8 0REA +R@=CJ [R=C8 X;+ C+^X (_S X;+_ SG+CX @EX E0 X=A+
XE8+X;+RJ
C X;+ 0@@ E0 FDFF' +C8=C++R R@ \EC +R`8;= ]S =C\E@\+( =C [=@(=C8
"SX@+ 0ER X;+ [C"@+ E0 X;+ "`R =C AR\+@@E[S RS?E>+ +@E ]=X; X;+ SG@+C(=(
X;R=C+C<@"+ S ]+@@ S SEA+ =C([SXR=@ [=@(=C8S =C X;+ @X=" GRE\=C"+SJ
;+ @SX (_S =C XJ +X+RS[R8 ]+R+ 4@@+( ]=X; S=8;X<S++=C8' GRX=+S C(
\=S=X=C8 X;+ EG+R C( X;+X+RJ + (+S"R=+( X;+ A8C=4"+CX =CX+R @"+
C( X;+ GRX=+S +^X+CS=\+@_ =C ;=S (=R_J X X;+ +8=CC=C8 E0 +"+A+R' FDFF'
R@ \EC +R`8;= ;C(+( E\+R ;=S ([X=+S XE RJ J J R) E;@=";J C +<
"+A+R U' FDFF' ;+ @+0X [SS= N]=X; @=8;X ;+RXO C( @+SS AEC+_J + ;(
SG+CX AC_ R[@+S 0ER R+C"; ";AG8C+' ]+(=S; G[C"; C( XR\+@@=C8J NC+
AECX; ;\+ ]ER?+( =C =8' AR\+@@E[S' E@( XE]C ]=X; C +S_' [SS=C
XE[";J ;+R+ EC+ "E[@( @=\+J ;\+ ]C(+R+( X;RE[8; [R@C(' SXEC= C(
=C@C(JO + R+X[RC+( XE R` \= =C@C(' ]+(+C' +CAR?' +R@=C C(
=+CCJ
C ;=S [XE=E8RG;="@ S?+X";+S HFDYZI ;+ (R+] SEA+ "EC"@[S=ECS 0REA ;=S
;@0<_+R +^G+R=+C"+& N;+ @=\=C8 SXC(R( E0 X;+ ]ER?+RS C( X;+ +2"=+C"_
E0 X;+ AC8+A+CX ]S [C+@=+\@_ @E]J ;+ "ERR[GX=EC 0ERA+( GRX E0
X;+ R[@=C8 S_SX+A C( X;+ S[""+SS =C X;+ +CXR+GR+C+[RS;=G R+L[=R+( E\+ @@
8EE( [C(+RSXC(=C8 ]=X; X;+ XEG G+EG@+ E0 X;+ [X;ER=X=+SJ C_ GE@=X="@
"X=\=X_ ]S XEEJ E"=@ C( GRE0+SS=EC@ R+@X=ECS ]+R+ =CS+GR@_ X=+(
XE8+X;+R C( G@_+( @SE (+"=S=\+ RE@+ =C X;+ ;R( "EAG+X=X=EC EC X;+ XJ
+X+RS[R8 AR?+X R8=C8 +X]++C X;+ +RAC +CX+RGR=S+ _S C( R+=X8'
X;+ C=S; +CX+RGR=S+ ;R=SX=C= C( =+@S+C C( A_ E]C 4RAJ ;+S+ "EC(=<
X=ECS ;( @+( XE ;+\_ +"ECEA=" (+0+"XS' XE =(@+ AEX=EC C( @R8+ @ESS E0 X=A+J
;+ C+"+SS=X_' "EA=C8 0REA X;+ SA+ "EC(=X=ECS' ;(' ;E]+\+R' AEX=\X=C8
+1+"X =C 8+XX=C8 XE ?CE] X;+ A+CX@=X_ E0 X;+ "@=+CXS C( R+GR+S+CXX=\+S E0
X;+ [X;ER=X=+S X;ERE[8;@_ C( =C "ECC+"X=C8 X;+ 0"X[@ "ECS=(+RX=ECS "EC<
S=SX+CX@_ ]=X; X;+ GS_";E@E8="@ EC+SJ [+ XE X;=S C+"+SS=X_ X;+ GRE0+SS=EC@
]ER? =C [SS= ]S A=C8@+( ]=X; SE AC_ G[R+@_ ;[AC R+@X=ECS C( XEE?
S;G+' SX=S0_=C8 XE S["; C +^X+CX X;X S;=0X+( A_ (+GRX[R+ 0REA X;+ [S<
S=C ]ER? R+ ;( 8RE]C XE @E\+ 0REA EC+ AECX; XE X;+ EX;+RJ =C@@_'
;E]+\+R' X;+ GE]+R GR+GEC(+RX+( XE +^G+C( A_ X+";C="@<8+E@E8="@ ?CE]@<
+(8+ _ G+RSEC@ GGRE"; ]=X; X;+ GR"X="+ E0 X;+ A+R="C 0E[C(X=EC
]ER?JO
0X+R ;=S R+X[RC XE R`' R@ \EC +R`8;= =AA+(=X+@_ A+X @8 _@E1
8=C C( ;+ SS[R+( ;+R E0 ;=S @E\+J EA+ (_S +0ER+ ;=S ER@ (E"XER +Â<
=CX=EC @8 R+GERX+( XE ;=A E\=E[S@_ X;X S;+ ]S GR+8CCX ]=X; ;=S ";=@(J
N[R=C8 X;+ C+^X (_S X;X 0E@@E]+(' ]S SE [C@+ XE X;=C? C( XE A?+
-N <@ F7 P;9 &FT024EG 247$2;;$# ;OL2 9$ 24G ;$ L; FL4& 9$ 2&;FS
70 S7;*
(+"=S=ECS X;X (=( CEX (R+ XE "EAA+CX EC @8QS =C0ERAX=ECJ =X; X;+
S( R+SX E0 A_ +C+R8_ GR+GR+( 0ER A_ \=\ \E"+ HR=8ERES[AI C( [+S(_'
C[R_ D' X;+ +Â=CX=EC XEE? G@"+J ;+ GRE0+SSERS ;( X;+ E\=E[S =A
XE @+X A+ GSS X;+ +Â=CX=ECJ =C"+ X;+ 0[C"X=EC E0 A_ R=C ]S @E8="@@_
C( "@ES+@_ GR@_`+( XE X;+ XR=C E0 X;E[8;XS E0 A_ E]C ]ER?J ;( S[R+@_
GSS+( X;+ \=\=( \E"+ HR=8ERES[AI' ;E]+\+R' X;+ S;A+0[@ 0++@=C8 R+A=C+(
0X+R @@ X;X ;\+ 8=\+C ;+\_ ]+? SGEX =C 0RECX E0 X;+ GRE0+SSERSJO
;+ A+A+RS E0 X;+ +Â=CX=EC "EAA=XX++ ]+R+ X;+ R+\=+]+RS RE0+SSER
+"+R@+ C( RE0+SSER ER";;+=A+R S ]+@@ S X;+ +"XER RE0+SSER =XX+C<
[+RJ ;+ R+\=+]+RS ;( SXX+( =C R+@X=\+@_ S;ERX R+\=+]& N;+ X;+S=S
(=S"@ES+S X;X ;+ ;S "EAG@+X+ "EAAC( E0 GRE@+AS +@EC8=C8 XE X;+ +@S<
X="=X_ X;+ER_ C( X;X ;+ =S C +^G+RX =C X;+ 4+@( E0 R+=C0ER"+( "EC"R+X+J
C X;+ S=S E0 X;+ S[A=XX+( X;+S=S RJ C8J R@ \EC +R`8;= "C +
(A=XX+( XE X;+ =8ERES[AJ ]ER?=C8 E\+R A[SX E""[R +0ER+ G[@="X=EC
+"[S+ X;+ S[A=XX+( X;+S=S =S CEX "@+R@_ C( [C(+RSXC(@_ 0ERA[@X+(
C( X;+R+0ER+ =X =S CEX G+RA=XX+( XE G[@=S; =X S (E"XERX+ (=SS+RXX=ECJO
;+X;+R R@ \EC +R`8;= ]ER?+( E\+R ;=S X;+S=S =S CEX ?CE]C XE(_T X;+
(=SS+RXX=EC =S CEX XE + 0E[C( =C @=RR=+S =C [SXR= ER +RAC_J
E]+\+R' GRX E0 ;=S (=SS+RXX=EC ]S [S+( =C EE? 0ER X;+ "@"[@<
X=EC E0 XC?S ]=X; C+] C@_X="@ C( 8RG;=" A+X;E(SJ ;=S EE? ;( ++C
]R=XX+C XE8+X;+R ]=X; RE0+SSER J ) ES";@ 0REA X;+ +[XS";+C +";C=S";+C
E";S";[@+ =C R8[+ =C FDFYJ
<@M 2& ;$ L; FL4& 9$ $P&9LOF& -M
C
C[R_ FV' FDFZ' X;+ E2"=@ "+@+RX=EC E0 ;=S GREAEX=EC XEE? G@"+J
C_ SX[(+CXS ]+R+ X;+R+ C( @@ ;=S G+RSEC@ 0R=+C(S S ]+@@ S SEA+ X+";+RS
0REA ) [CSJ ;+ CX[R@ ;=8;@=8;X ]S RE0+SSER =XX+C[+RQS SG++";J N+
=S +SG+"=@@_ 8@( X;X ;+ "E[@( GREAEX+' +SG+"=@@_' ;=S @E\=C8' (+\EX+(' @E_@
0R=+C( S X;+ 4RSX EC+ [C(+R ;=S X+C[R+ S +"XERJ + ;S G[RS[+( A_ "R++R
0REA A_ 4RSX SX+GS =C GR"X="+ ]=X; \=\=( =CX+R+SXJO RE0+SSER =XX+C[+R
A+CX=EC+( R@QS "X=\=X=+S =C =+CC' RCS=@\C=' E]+R [SXR=' REX=
C(' =C GRX="[@R' =C XJ +X+RS[R8J NC( ];X A?+S A+' =C GRX="[@R'
;GG_ =S X;X ;+ "[@X=\X+S =C S["; "R+0[@ ACC+R E[R +RAC AEX;+R
XEC8[+ (+SG=X+ X;+ 8R+X (+AC(S =C"+SSCX@_ R=S+( _ ;=S GRE0+SS=ECJ ;+
R+S[@X =S X;+ +[X=0[@@_' "@+R@_ ]ER?+( E[X SX_@+ SE X;X ]+ "E[@( ;EG+ ;+
+"EA+S' =C (_S XE "EA+' @=?+ E[R (ER+( GSX ASX+R +C8=C++R ^ _X;J
C( ;+ "@ES+( ]=X; 8EE( ]=S;+S 0ER X;+ 0[RX;+R "R++R E0 X;+ _E[C8 +RAC
"[@X[R@ G=EC++RJO
E8+X;+R ]=X; X;+ S+C=ER E0 X;+ C(@+C' RJ X+";CJ R@ \EC +R`8;= +C<
X+R+( X;+ "RR=8+ C( RE(+ ;EA+J ;+R+' @@' R=X`' AEX;+R' C( 8RC(0X;+R
]+R+ ]=X=C8 0ER ;=A C( 8RC(0X;+R GR+S+CX+( ;=A SG@+C(=( 8E@(+C ]X";
=C A+AER_ E0 X;+ (_ E0 ;=S GREAEX=EC ]=X; XR+A@=C8 ;C( C( ]=X; S[G<
GR+SS+( +AEX=ECJ N @+X L[=X+ RE] E0 ]X";+S + (+@=\+R+( 0REA ";1;[S+C
C( ";ES+ X;+ +SX EC+J X ;S "ESX Yaa REC+CJ E[ ]=@@ + @+ XE G[X =X
XE 8EE( [S+JO
0X+R ;=S GREAEX=EC ;+ ;( SXRC8+ C( A_SX+R=E[S 1=R ]=X; X;+ ]=0+
E0 C "L[=CXC"+' +S=(+ ;=S GSS=ECX+ R+@X=ECS;=G ]=X; @8 _@E1J E]<
+\+R' ;+ RE[8;X X;+ 1=R XE C +C( ]=X;=C 0+] (_S C( S=( 0R+]+@@ XE
;+RJ N ]=@@ C+\+R 0ER8+X _E[ =C A_ @=0+O' ;+ ]REX+
[+ XE 8RC(0X;+RSQS "E@( ;+ ;( XE GESXGEC+ ;=S (+GRX[R+ XE X;+
C( SX_ =C R` [CX=@ EC(_' +R[R_ FZ' FDFZJ NC [C(_ +\+C=C8 SX
XE8+X;+R ]=X; 8RC(0X;+R =C X;+ "0+ =+CCJ ;( R+@@_ X;+ ]=S; XE SG+C(
SX=@@ SEA+ ;E[RS =C ;=S "EAGC_ +0ER+ @+\+ ;=A 0ER _+RS' _+S GRE@_
0ER+\+RJ 0+@X E@=8+( XE ;\+ CEC+ E0 A_ ]=S;+S [C(=S"[SS+( C( CEC+ E0 ;=S
=CX+CX=ECSJ ;E[@( ;\+ "@+C S@X+J ;[S' XE@( ;=A X;X =X =S A_ =CX+CX=EC
XE R=C8 @8 XE +] ER? C( 0[RX;+R @@ X;X ?C+] E[X X;+ S( GE=CX =C
@@QS AXR=AEC_J ER >[SX X;=S C( @@QS ;+@G@+SS G=C ;( ;+\=@_ S;?+C A+
([R=C8 X;+ @SX (_S E0 A_ SX_ =C R` JJJ RC(0X;+R ]S E\=E[S@_ XE[";+(
G=C0[@@_ _ A_ =C0ERAX=EC' ;E]+\+R' ;+ =S XEE ]=S+ XE +^GR+SS ;=S 0++@=C8S
SEA+;E] [C]=@@=C8@_ ER \+;+A+CX@_JO X X;+ +C( E0 X;+=R "EC\+RSX=EC ;=S
8RC(0X;+R =C0ERA+( ;=A E[X X;+=R 0A=@_QS G+"[C=R_ "=R"[ASXC"+S& 0ER
R@ F5a'aaa REC+C' 0ER @@ F5a'aaa REC+C' EX; GRXS ]=X; 0[@@ =CX+R+SX
GRE4XJ N EA ;S X;+ ;E[S+ ]=X; Y'7aa REC+C GRE"++(S C( X;+ =CX+R+SX
GRE4X E0 X;+ XEX@ A+CSJO X+R R@ 0ER0+=X+( ;=S =C;+R=XC"+ E0 ;=S GRX E0
X;+ ;E[S+ =C 0\ER E0 @@J C @+XX+R XE @@ ;+ R+"@@+( X;+ X=A+ X;+_ ;(
@=\+( XE8+X;+R =C R`& N+ ;\+ SG+CX XE8+X;+R E[R ";=@(;EE( =C X;+ ;E[S+
C( @@ A+AER=+S R+ "ECC+"X+( ]=X; _E[T X;+R+0ER+ =X SXC(S XE R+SEC X;X
X;+ ;E[S+ R+A=CS =C _E[R ;C(SJO
-/ <@ F7 P;9 &FT024EG 247$2;;$# ;OL2 9$ 24G ;$ L; FL4& 9$ 2&;FS
C EC(_' X CEEC' RJ X+";CJ R@ \EC +R`8;= (+GRX+( 0REA R`
0ER ;=S 8R+X (\+CX[R+' XE +"EA+ "L[=CX+( ]=X; X;+ A+R="C ]_ E0 @=0+'
XE ]=(+C ;=S ?CE]@+(8+ =C [C(+R8RE[C( +C8=C++R=C8' XE +^G@ER+ X;+ A+R="C
@C(S"G+ C( 8+E@E8="@ "EC(=X=ECS' C( XE "E@@+"X @@ (X "ECC+"X+( ]=X;
[C(+R8RE[C( +C8=C++R=C8 C( 8+E@E8_J =S 8RC(0X;+R 8\+ ;=A ?=SSJ N+
;EG+ XE S++ +"; EX;+R 8=CJO ;+C ;+ ]+CX =CXE ;=S REEAJ =S AEX;+R'
@@ C( R=X` ""EAGC=+( ;=A XE X;+ R=@]_ SXX=ECJ X ]S S+CX=A+CX@
0R+]+@@J
R@ RE(+ =C S@++G+R S+"X=EC 0REA =@@"; X;RE[8; X;+ [+RC XE [C=";'
X;+C 0[RX;+R XE A[R8J C X[R(_' =C X;+ AERC=C8' =C A[R8QS A=C
SXX=EC X;+ XR=C ]S GR+GR+( ]=X; ]8ECS E0 J C( J "@SS+S G="?=C8 [G
X;+ GSS+C8+RS 0ER [^;\+CJ C [C(_' +R[R_ F,' =C X;+ AERC=C8' X;+
SX+A+R 1!?- S+X S@E]@_ =C AEX=ECJ ;+R+ ]+R+ SXEGS =C E[X;AGXEC C(
;+RE[R8 +AR?=C8 C+] GSS+C8+RSJ R@ \EC +R`8;= +C>E_+( N(E@"+ 0R
C=+CX+O' ([+ XE X;+ 8+C+RES=X_ E0 ;=S 8RC(0X;+R' =C X;+ 4RSX "@SS& NR+?0SX
- A[S=" - @[C"; - A[S=" - (=CC+R - A[S="O C( +"A+ "L[=CX+( EC ER(
]=X; SEA+ =CX+R+SX=C8 G+EG@+J N\+R_ AERC=C8 X; X ,&aaT X;+C =CXE X;+
8_A' =C ];="; EC+ "C XR=C X;+ A[S"@+S' JJJ [S=" ""EAGC=+( X;+ SA@@
R[C";' ++0 X+ EC ER( C( XE X;+ A+@S A+C[ E0 8+C+RE[S R=";C+SS'
CE @=A=X 0ER X;+ C[A+R E0 A+@S JJJ =@_ SG+"=@=X=+S E0 E_SX+R' @ESX+R C(
+ÊX=" S@(S' G=C+GG@+JO
C +R[R_ ZY' FDFZ' EC ER(' R@ \EC +R`8;= ]REX+ G[``@=C8 SXER_
E[X XR=G ]=X; @8 _@E1 XE [(G+SXJ 0X+R ;=S \=\=( \E"+ HR=8ERES[AI
;+ ;( X=A+ XE X;=C? E\+R ;=S R+@X=ECS;=G ]=X; @8J NREA X;+ 4RSX AEA+CX
];+C 8EX "@ES+R XE @8' ;( X;+ [C"@+R 0++@=C8' =0 @8 =S SX=@@ \=R8=C'
X;C _ @["?_ G[R+ ";C"+J +R ];E@+ CX[R+ =S ER=+CXX+( XE]R(S R+"+=\=C8
C( (+AC(=C8 S+^[@ @E\+J ;\+ CEX 8=\+C XE ;+R' ([+ XE "ECS"=+CX=E[SC+SS
C( R+SG+"X 0ER ;+R 0[X[R+' X;X ];="; ;+R CX[R+ ;S (+AC(+(T ]CX+( XE
"EC(+AC ;+R 8=CSX ;+R CX[R+ XE SX=C+C"+ C( X;+ "ECS+L[+C"+S R+ CEX
]CX=C8J ;+C ]=X;(R] A_S+@0 CE] 0REA ;+R' A_ ];E@+ S"R=4"+ ]S 0ER
CEX;=C8 C( R=C8 ;+R =CXE X;+ RAS E0 EX;+RS' =CXE X;+ RAS E0 A+C ];E
8=\+ ;+R X;X ];="; ;+R @E\+R ;S R+0[S+( C( +^GES+ ;+R XE S[R+ (E]C0@@J
[+ XE X;=S ;\+ CE @X+RCX=\+ [X' XE R+S"[+ ;+R _ A_ G+RSEC@ =C6[+C"+'
_ A_ [CS+@4S; C( G[R+ @E\+ +AR"=C8 X;+ ];E@+ 8=R@' X;C XE A?+ [G 0ER
X;X ];="; ;\+ A=SS+(J ;+ S;E[@( +"EA+ "L[=CX+( ]=X; X;+ (=1+R+C"+
+X]++C \="+ C( @E\+ C( X;RE[8; "EAG@+X+ [C=EC ]=X; A+ + S\+( 0REA
X;+ +C>E_A+CX E0 (=SXSX+0[@ S[RRE8X+ J ;=S =CS=8;X R=G+C+( SEEC XE SXR="X
(+"=S=EC C( 0X+R R+G+X+( +^";C8+ E0 @+XX+RS H=C X;=S "E[RS+ ;( XE "ECL[+R
;+R 4RSX' 8R+X A=SXR[SXI ]+ A(+ [G E[R A=C(S XE A++X =C [(G+SXJ C ;+R
;=X 0X+R X;+ 4RSX @+XX+R' =C ];="; E1+R+( ;+R "EAG@+X+ GR(EC C( @E\+'
X;+ ";R"X+R=SX=" XR+C(S E0 ;+R CX[R+ GG+R "@+R+R X;C +\+R +0ER+J ;+
(=( CEX G@_ X;+ ;_GE"R=X+' S;+ S=A[@X+( CE GSS=EC' [X ]REX+ "R_SX@<"@+R@_
X;X S;+ ;S XE "ECS=(+R =X' _ X;+ ]_ ;=X X;X ;( (R=\+C A+ C+R@_ XE

& 8&9G GOGL4LOL& >L2& OL2;F?
<@M 2& ;$ L; FL4& 9$ $P&9LOF& --
0R+C`_ =C X;X AEA+CXJ E]+\+R' GESS=@_ X;+ S[GGES=X=EC @_ "@ES+' X;X
]CX+( XE R[S; X X;+ S[GGES+( \="X=A @=?+ \[@X[R+J ;+ S;E]+( ;+R =CERC
S+@4S;C+SS C( ;+R @"? E0 =A8=CX=EC' +"[S+ S;+ S;E]S CE S+CS+ C( CE
[C(+RSXC(=C8 0ER X;+ "ECS+L[+C"+S ];="; X;+ A+CX@ +C+\E@+C"+ =C X;+ @SX
]++?S ;( XE ;C(@+ C( S;+ +;\+( C+R@_ =C(=1+R+CX@_ =C \=+] E0 A_
S[""+SS+SJO
R@ \EC +R`8;= "ECX=C[+( X;=S SXRC8+ SXER_ EC +R[R_ ZV' FDFZ' ];=@+
SX=@@ EC ER(J N[(G+SXJ 0X+R RX;+R [C"EA0ERX@+ C=8;X =C X;+ S@++G=C8
"E[G+ C [CG@+SCX AERC=C8 X X;+ "+CXR@ R=@]_ SXX=ECJ ;+ JJJ XR=C ]S
(+@_+( X]E ;E[RS ([+ XE ="+ C( "E@( C( C+R\E[S@_ +^G+"X+( =XS RR=\@J
GREA+C(+( XE C( 0RE EC X;+ G@X0ERA ]=X; \+R_ G+SS=A=SX=" X;E[8;XS =C
A_ A=C(J =C@@_' X;+ XR=C RR=\+( =C X;+ ;@@ C( SEA+ A=C[X+S @X+R @+(
@8 0ER R+?0SX =CXE X;+ C+^X "0+J ;+ 4RSX A=C[X+S ]+R+ ="_' SEA+X;=C8
@=?+ A=SXR[SX @=( +X]++C [SJ E]+\+R' SEEC 0X+R X;+ 4RSX (=S"EA0ERX ]S
E\+R"EA+ X;+ E@( 0++@=C8S C( S+CS+S "A+ "? AER+ "@+R@_ C( SXREC8@_
C( @E\+@_ X;C +\+RT ];+C ]+ @+0X X;+ "0+' 0+@X X;X X;+ GE=CX ]S R+";+(
XE (REG X;+ @SX RR=+RSJ @8' ];+C ]+ SX_ X X;+ ;EX+@ E_@ ]+ R+ AC
C( ]=0+' (E _E[ [C(+RSXC(M PS _E[ ]=S;'Q @8 R+G@=+( ]=X;E[X @EE?=C8 [G
C( ]=X;E[X ";C8=C8 "E@E[RJ ;[S' =X ;( ;GG+C+(J ;+C ]+ +CX+R+( X;+
+@+8CX C( SG"=E[S REEA =C X;+ X;=R( 6EER E0 X;+ ;EX+@ JJJ' ;( X;+ 0++@=C8
]+ ;( ++C ARR=+( 0ER _+RSJO
;+_ SG+CX X;+ R+SX E0 X;+ ]++?+C( XE8+X;+R =C [(G+SX \=S=X=C8 SEA+
G@"+S E0 =CX+R+SXJ R@ R+6+"X+( ;=S "@ES+ R+@X=ECS;=G XE @8J N@8 ]S
E0 (+\EX+( X+C(+RC+SS ]=X;E[X R+S+R\+ C( ;( CE EX;+R ]=S; C( CE EX;+R
0++@=C8 +@EC8=C8 XEX@@_ XE A+ C( XEE? ;+R S @+8@ GREG+RX_JO + "ECX=C[+(
;=S S+CX=A+CX@ ]R=X=C8S ]=X;& N X;E[8;X E\+R X;+ AC=0E@( ";C8+S E0 (+SX=C_
];="; ;( @+( A+' =C (=1+R+CX @=0+ S=X[X=ECS' @]_S 8=C XE [(G+SX C(
0+@X ;GG_ +=C8 =C XEX@ GESS+SS=EC E0 8=R@ ];E ;\+ +"EA+ XX";+(
XE CEX EC@_ S ]EAC [X @SE S _E[C8 0R=+C( =C C++( E0 ;+@G C( S
;[AC +=C8JO ;+ R+"E@@+"X=EC E0 X;+ \=S=X XE [(G+SX E[C(S =C R@
\EC +R`8;=QS S+@4S;C+SS C( +8EX=SA' =C GRX="[@R' =C X;+ @SX GR8RG;S -
C( =C GXREC=`=C8 A";E XEC+J X "ECX=CS AC_ "ECXR(="X=ECS C( ;+ (=(
CEX X+@@ X;+ XR[+ SXER_J ;+ L[+SX=EC R=S+S& ;_ (=( R@ \EC +R`8;= ]R=X+
X;=S SXER_M _+ ;+ ]CX+( XE E\+R"EA+ ;=S 0R[SXRX=EC "EC"+RC=C8 @8QS
GR+8CC"_ _ ]R=X=C8 (E]C X;+ X@+J C+ ;S XE "ECS=(+R X;X X;+ ];E@+
1=R ;GG+C+( +0ER+ ER@( R ];+C X;+ AER@=X_ =C [SXR= C( EX;+R
G@"+S E0 X;+ ]ER@( ]S SX["? =C X;+ C=C+X++CX; "+CX[R_ C( C =@@+8=X=AX+
GR+8CC"_ ]S @]_S S"C(@ =C X;ES+ (_SJ E]+\+R' A["; AER+ GRE@_
=X GG+RS X;X ;+ ]CX+( XE S[GGR+SS X;+ [C+^G+"X+( GR+8CC"_' X;=S N(R?
GE=CXO =C ;=S @=0+' +"[S+ E0 ;=S 48[R+ =C ;=SXER_' E0 ;=S SXX[R+J + @=?+('
@SE ([R=C8 EX;+R E""S=ECS S ]+ ]=@@ S++ @X+R' XE 8@ESS E\+R [C0\ER@+
E""[RR+C"+S =C ;=S @=0+J ;=S ;+ (=( ]=X; 8R+X "R+J X =S SXEC=S;=C8 X;X S[";
G+RSEC@=X_' S["; C =CX+@@+"X[@ AC' R+@@_ X;E[8;X ;+ "E[@( A?+ S[";
N(R? GE=CXSO =C ;=S @=0+ (=SGG+RJ
-J <@ F7 P;9 &FT024EG 247$2;;$# ;OL2 9$ 24G ;$ L; FL4& 9$ 2&;FS
0X+R X+C (_S ;+ ;( "RESS+( X;+ X@CX=" "+C C( ;+ RR=\+( =C +]
+RS+_ HEE?+CI EC [+S(_' +R[R_ ZUJ N @EE(<R+( S[CS+X' +A+R@(

8R++C S+' "@+R S?_ C( S;RG' 0R+S; ]=C( 0REA X;+ CERX;OJ RE[C( C=C+
EQ"@E"? ;+ "A+ XE C;XXC C( ]S E\+R];+@A+( _ X;+ \=+] E0 X;+
"EC"+CXRX+( ASS E0 [=@(=C8S ]=X; X;+ ;[8+ S?_S"RG+RSJ N=8;X' @=8;X' @=8;X
S =0 X;+ ];E@+ SXER8+ E0 @=8;X E0 X;+ +RX;O ]S "EC"+CXRX+( =C C;XXCJ
+ SX_+( 0ER X]E (_S =C X;+ SXER ;EX+@' EC+ E0 X;+ 4C+SX ((R+SS+S =C
+] ER?' +"[S+ ;+ "E[@( CEX 4C( A=((@+<"@SS ;EX+@J ;+C ;+ AE\+( XE
ER(=C8 ;E[S+ =C UVX; XR++X' XE 0R=+C(@_ REEA' ]=X; R+?0SX C( (=CC+R
0ER ]++?@_ RX+ E0 X+C (E@@RSJ ;+ ER(=C8 ;E[S+ ]S @E"X+( =C \+R_
L[=+X SXR++X "@ES+ XE X;+ SG@+C(=( +CXR@ R? C( X;+ A+R="C [S+[A E0
X[R@ =SXER_J
;+ 4RSX ]++?S ]+R+ CEX \+R_ +C"E[R8=C8 =C X;+ +] ER@(J C+ (_'
0X+R C +^X+CS=\+ XE[R E0 (=1+R+CX RS ;+ ]S \+R_ (R[C?J NC X;+ C+^X
AERC=C8 ]E?+ ]=X; ;+(";+ C( 0+@X @E]+R X;C ;\+ 0+@X 0ER _+RSJ
@AESX (E]C;+RX+( ]@?+( 0ER ;E[RS +X]++C X;+ GEC(S C( RE"? ;=@@S C(
G=C+ XR++S E0 +CXR@ R? C( X;+ (+SE@X=EC E0 A_ +] ER? +^=SX+C"+ "A+
XE A_ A=C( =C X+RR=@+ "@+RC+SSJ ]S S;A+( E0 A_ [C+AG@E_A+CX C( ]S
S;A+( XE ;\+ ]SX+( ;E[RS +;=C( X;+ ]=C+ 8@SS ]=X;E[X +RC=C8 AEC+_
([R=C8 X;+ (_X=A+J 0+@X @=?+ [S+@+SS +=C8 =C X;=S ;[8+ XE]C E0 GRE(["=C8
C( "X=C8 C( (+"=(+( =C X;=S SXX+ E0 (++G+SX (+>+"X=EC XE XR_ +\+R_X;=C8 =C
ER(+R XE 8+X >E S SEEC S GESS=@+J ;+ X;E[8;X E0 @8 SXR+C8X;+C+( A_
0++@=C8 E0 (+GR+SS=EC XE =CXE@+R@+C+SSJ [+ XE A_ (+X C( A_ "R+@+SSC+SS'
8=CSX X;+ +XX+R "EC\="X=EC E0 R+@X=\+S' X]E [S+@+SS "R+X[R+S =C X;=S ;[8+
XE]C' JJJO
\=E[S@_' ;+ ;( "EA+ XE X;+ ]=X; XEE 8R+X +^G+"XX=ECS C(
X;+ (=SGGE=CXA+CXS "ECX=C[+(J NC+ =S CEX ]=X=C8 0ER A+J [=X+ EC X;+
"ECXRR_J [REG+C +^G+R=+C"+ C(' =C GRX="[@R' [REG+C X;+ER_ R+ X
(=S"E[CXJ S[1+R 4S"E 0X+R 4S"E C( A XE(_ SX=@@ >[SX SE ]=X;E[X
>E C( ]=X;E[X ]+@@<8RE[C(+( GRESG+"X E0 GRE4X@+ E""[GX=EC S EC X;+
(_ E0 A_ RR=\@J C@_ GEER+RJO + "A+ [G ]=X; X;+ "@+R@_ @E8="@ CEX=EC
X;X X;+ +] ER? G+EG@+ ]+R+ R+SGECS=@+ 0ER ;=S (=SGGE=CXA+CXSJ C( ;+
X;E[8;X E\+R ;=S 0=@[R+ 0ER @EC8 X=A+ C( "A+ XE X;+ "EC"@[S=EC& N;+
[REG+C +C8=C++R =S' =C 8+C+R@' +(["X+( XEE @=XX@+ RX=EC@@_ C( ]ER?S XEE
@=XX@+ 8E@<ER=+CXX+(J ;=S G+R"+GX=EC' "ECS=(+R+( 0REA 4CC"=@ SXC(GE=CX'
+8=CS XE G+C+XRX+ A_ ];E@+ G+RSEC@=X_' XE =C6[+C"+ A_ ]_ E0 X;=C?=C8
C( XE R=C8 "@+RC+SS =CXE X;+ X;+ER+X="@ GRX E0 A_ ]=S;+S JJJ' =X =S X;+ ]=(+'
]=(+ "E[CXR_ =C X;+ ]+SX ];="; 8[RCX++S X;+ 4C@ S[""+SS ]=X; SG"+ C(
]=X; XS?S E0 C_ ?=C(JO
C X;+ ]+SX E0 X;+ @R8+<S"@+ =RR=8X=EC GRE8RA ]S E[X XE
"EAA+C"+' =C=X=X+( _ R+S=(+CX EES+\+@X =C X;+ !01A-42 A E0 FDaZJ
X =C"@[(+( X;+ "ECSXR["X=EC E0 S=^X_ (ASJ ;+ C=X+( XX+S +"@AX=EC
+R\="+ ]S +CXR[SX+( ]=X; X;+ R+@=`X=EC E0 X;+ ;[8+ GRE>+"XJ X X;+ (A
S=X+S' X;+ +C8=C++RS ;( XE (+@ ]=X; C+R@_ @@ X+";C="@<8+E@E8="@ (=2"[@X=+S
<@M 2& ;$ L; FL4& 9$ $P&9LOF& -I
];="; "E[@( E""[R =C X;+ 4+@( E0 "=\=@ +C8=C++R=C8J ;[S' =0 C_];+R+ =C X;+
]ER@( X;+R+ ]S C EGGERX[C=X_ XE "R+X+ RE( S=S 0ER X;+ (+\+@EGA+CX
E0 X+";C="@ 8+E@E8_' =X ]S GRE\=(+( _ X;+ S_SX+AX=" ]ER?=C8 E[X E0 X;+
+^G+R=+C"+S ];="; ]+R+ +=C8 "E@@+"X+( X X;+ [=@(=C8 S=X+S X;+R+J
R@ \EC +R`8;= ]S @R+(_ "@ES+ XE 0[@4@@=C8 ;=S ]=S;J C R"; ZZ'
;+ \=S=X+( RJ @CX' ];E ;+ ;( @R+(_ A+X EC X;+ 1!?-J RJ @CX
;C(+( =C @+XX+R E0 =CXRE(["X=EC XE X;+ ;+( E0 X;+ +E@E8="@ [R\+_ =C
S;=C8XEC C( =C\=X+( ;=A XE X;+ ]+@X;_ ;+A="@QS [C";+EC @[ =C
X;+ =@@=AS @[ ];+R+ X;+_ ;( C EG[@+CX @[C";+EC ]=X; E_SX+RS' AER+@S'
;((E"? C( SXR]+RR=+SJ C X[R(_' R"; ZY' ;+ 4C=S;+( ;=S RX="@+ EC
X;+ 8RG;="@ A+X;E( E0 =C\+SX=8X=C8 X;+ XC? EXXEA H;=S (=SS+RXX=EC X;+<
S=SI C( ;+ SXX+( X;X X;=S S;E[@( + ;=S @SX X;+ER+X="@ ]ER?J =X; X;+ @+X<
X+R E0 =CXRE(["X=EC' R@ \EC +R`8;= R[S;+( XE S;=C8XEC J E]+\+R'
;=S 4RSX GG+RC"+ ]S CEX L[=X+ +C"E[R8=C8J N "A+ =CXE [C"+RX=CX_JO
+ +^G+"X+( +@+8CX ;E[S+S =C \+R_ AE(+RC XE]CJ E]+\+R' ;+ ]C(+R+(
E[X EC+ ;E[R X;RE[8; X;+ SXR++XS E0 ]ER?+RSQ S+XX@+A+CXJ =C@@_' ;+ 0E[C(
ER( C( @E(8=C8 0ER X]E (E@@RS =C ;EX+@J C ;[RS(_' R"; Z,' R@
\EC +R`8;= ]+CX XE X;+ ;+( E0 X;+ +E@E8="@ [R\+_J N;X "C (E
0ER _E[MO R@ +^G@=C+( X;X ;+ ]E[@( @=?+ XE SX[(_ (A "ECSXR["X=ECS C(
=RR=8X=EC GRE@+ASJ N;X =S +"@AX=EC +R\="+' RJ +]+@@ JJJ @+S+ 8E
XE X;+ ACJO ;+C ;+ ]REX+ SEA+ @=C+S EC RJ @CXQS @+XX+R E0 R+"EAA+C<
(X=ECJ N RJ +]+@@' C E@( +CX@+AC ]=X; SA@@ R=8;X @[+ +_+S' RE[C(
;+(+( ]=X; ;EE?+( CES+ ]+@"EA+( A+ ]=X; X;+ "@A GE@=X+C+SS E0 C +^<
G+RXJ R=+6_ +^G@=C+( A_ G@C' XE SX[(_ X;+ ( C( 0\ER@+ +^G+R=+C"+S
8=C+( ([R=C8 X;+ "ECSXR["X=EC E0 X;+ @R8+ =RR=8X=EC GRE>+"XSJ + S++A+(
XE R+"E8C=`+ A_ G@C S \+R_ GR"X="@' SER+( X;+ S[>+"X ]=X; @=\+@=C+SS
C( =C S;ERX X=A+ ]S =C0ERA+( E[X X;+ AESX =AGERXCX GRE>+"XS E0 X;+
0R ]+SXT ]=X; A+R="C R+@=SA ;+ GREA=S+( A+ XR\+@ 0E@(+RS C( @+XX+RS E0
R+"EAA+C(X=ECJO
C R"; YF' SX=@@ =C S;=C8XEC ;+ ]ER?+( E[X R+GERX 0ER +!
@A!??!-+-@+! 2)!2-!C?, C2 ?+-A!/A!2,!?!-2 H;+ [SXR=C E"=+X_ 0ER
C8=C++RS C( R";=X+"XSI =C ER(+R XE 8+X 8RCX 0ER ;=S GREGES+( XR=G XE X;+
=RR=8X=EC GRE>+"XS =C X;+ 0R ]+SX E0 X;+ J R@QS XX+AGX XE R=S+ AEC+_
0REA X;=S SE"=+X_ GG+RS @=XX@+ SXRC8+J N ;\+ CE ;EG+ E0 S[""+SS' ;E]+\+R'
X;+ XX+AGX =S ]ERX;];=@+' C+] +^G+R=+C"+ =S ]ERX; ]ER?=C8 (_JO C X;=S
R+GERX ;+ E[X@=C+( X;+ G[RGES+ C( ;=S GRE8RA' ];="; "ECX=C+( X]+@\+
GRE>+"XS' 0ER X;+ SX[(_ XR=GJ ;+ G[RGES+ ]S XE SX[(_ =C X;+ 0R ]+SX (A
C( "C@ "ECSXR["X=ECS C( ]ER?=C8 A+X;E(S C( ;+ @=SX+( X]+@\+ GRE>+"XS
;+ ]CX+( XE \=S=X' +J8J X;+ =E RC(+' [A C( E;=C GRE>+"XSJ ;+ "ESXS
0ER ;=S XR=G +] ER? - ;="8E - @ SE - C"E[\+R - C RC"=S"E C(
"? XE +] ER? C( 0ER X;+ X;R++ AECX; G+R=E( E0 \=S=X=C8 ]E[@( + F'Yaa
(E@@RS' ];="; AE[CX+( XE V'5aa [SXR=C REC+C X X;X X=A+J E]+\+R ;=S
GREGES@ ]S CEX S[""+SS0[@J +! @A!??!-+-@+! 2)!2-!C?, C2 ?+-A!/A!2,
!?!-2 R+>+"X+( ;=S GREGES@ S R@ R+GERX+( @X+RJ
-' <@ F7 P;9 &FT024EG 247$2;;$# ;OL2 9$ 24G ;$ L; FL4& 9$ 2&;FS
S @R+(_ (=S"[SS+( ]=X; ;=S 8RC(0X;+R =C R`' @8 "A+ XE +]

ER?J RE@_ R@QS 8RC(0X;+R G=( 0ER X;+ \E_8+J E]+\+R' X;+R+ =S CE
+\=(+C"+ 0ER X;=S SS[AGX=ECJ C GR=@ Z' FDFZ' R@ \EC +R`8;= A+X ;=S
GR+8CCX C( [C;GG_ @8J + ]+CX =C X;+ (R? =C (E]CGE[R E0 R=C C(
=C (+CS+ 0E8 XE X;+ G=+R XE ]+@"EA+ ;+RJ ;+ G=+RS E0 X;+ [SXR=C "EAGC_
@_ =C C [C?+AGX' ES"[R+ GRX E0 REE?@_C C( X]E ;E[RS R=(+ 0REA +CXR@
R?J + ""EAGC=+( ;+R XE ;=S C+=8;ER;EE(T C( S;+ +C>E_+( ER(=C8 =C
X;+ SA+ ;E[S+ S R@ C( R@QS @C(@(_ XEE? "R+ E0 @8 =C X;+ 4C+SX
ACC+RJ R@ C( @8 SG+CX X;+ C+^X 0E[R ]++?S XE8+X;+R =C +] ER?J ;+_
"E[@( A++X C( (E S=8;X<S++=C8 ER \=S=X "L[=CXC"+S EC@_ =C X;+ +\+C=C8 ER
EC X;+ ]++?+C(S +"[S+ R@ ;( X?+C (_ >E S (R0XSACJ EA+X=A+S
X;+_ SX =C ;=S REEA C( R@ X@?+( ]=X; @8 E[X ;+R S=X[X=ECJ
X X;+ +C( E0 X;+ 0E[R ]++?S' ];+C @8 ;( @R+(_ @+0X +] ER?
;+ R+6+"X+( EC ;=S +AEX=ECS' ;=S ;GG=C+SS' ;=S SERRE]S C( @8QS S[((+C
(+GRX[R+ =C (R0X E0 @+XX+R XE @=0+ X=A+ 0R=+C( =C R`& NC( =X ]S
C =(_@ ];="; ;( @=\+( ]=X; @8 0ER 0E[R ]++?SJ ;+ =(_@ ]S (=SX[R+(
_ CEX;=C8J _ _ (_ ]ER?+( @=?+ "RC+R EC X;+ [=@(=C8 (E"[A+CXS
E0 X;+ R+SX@+SS' "RC?_ C?++S' ;E]+\+R' X;+ +\+C=C8S +@EC8+( XE [SJ @8
R+AR?+( _+SX+R(_ EC X;+ ]_ XE X;+ +CCS_@\C= R=@]_ SXX=EC ]=X; X+RS
=C ;+R +_+S' X;X =X ]S X;+ AESX +[X=0[@ X=A+ E0 ;+R @=0+OJ
[R=C8 X;+ @SX ]++?S @8 ;( XR=+( XE 8+X GES=X=EC X;RE[8; ";R=X_
=CSX=X[X+SJ E]+\+R' S;+ 0=@+( C( R@ 8EX \+R_ C+R\E[SJ =C@@_' R@ =CXRE<
(["+( @8 XE X;+ [SXR=C 8+C+R@ "ECS[@ EC R+"EAA+C(X=EC E0 G+RSEC@
0R=+C( E0 X;+ "ECS[@ C( S;+ 8EX ]RA @+XX+R E0 =CXRE(["X=ECJ ;+ "ECS[@
8\+ ;+R X;+ (\="+ XE S? X;+ =SX+RS E0
EC E0 R" C( S;+ ]S S[""+SS0[@J
C ;[RS(_' GR=@ Z5' S;+ ]S =C0ERA+( _ G;EC+ X;X GES=X=EC ]S \=@<
@+' C( X;X S;+ S;E[@( "EA+ X 5 GJAJ X+R @8 XE@( R@ EC X;+ G;EC+
X;X R="; +^="C G@CXX=EC E]C+R' RJ AES' ];E @=\+( C+R XE +^="E
=X_' ]CX+( XE ;=R+ ;+R S 8E\+RC+SS 0ER ;=S X;R++ ";=@(R+CJ =S ]=0+ ;(
++C \+R_ =@@ 0ER _+RS C( ;+ +^G+"X+( X;X S;+ ]E[@( (=+ \+R_ SEECJ RJ
AES =C\=X+( @8 0ER (=CC+R =C X;+ ;EX+@ E0ACCS;[S' (=SEC L[R+'
C( R@ A=8;X @SE "EA+J + 0R+S;+C+( [G C( R[S;+( 0ER (=SEC L[R+J
C X;+ (=C=C8 REEA RJ AES ]+@"EA+( R@ \EC +R`8;= ]=X; SXREC8
;C(S;?+J RJ AES ]S SXE"?_ AC E0 RE[C( 7a _+RS ]=X; C =CX+R<
+SX=C8 GRE4@+ C( C EG+C' ;EC+SX 0"+' 0[@@ +R( C( (R?<RE]C +_+SJ +
=CX+RR[GX+( ;=S A+@' ER(+R+( EXX@+ E0 ;=C+]=C+ C( SXRX+( =AA+(=X+@_
]=X; 8R+X @=\+@=C+SS XE +^G@=C ;=S =CX+CX=ECS' ]=S;+S C( ;=S "=R"[ASXC"+SJ
+ ]S E\=E[S@_ +C(+\E[R+( XE "EC\=C"+ R@ E0 ;=S GRESG+R=X_' E0 X;+ SGEX<
@+SS R+G[XX=EC E0 ;=S 0A=@_ C( E0 X;+ SE@[X+ G[R=X_ E0 ;=S =CX+CX=ECSJ =X;
+^L[=S=X+ GE@=X+C+SS ;+ ""EAGC=+( EX;' @8 C( R@' XE X;+ S[]_J
C X;+ C+^X +\+C=C8 R@ ;( X@? ]=X; ;=A =C ;=S GRXA+CX C( ;+
(+AC(+( "ECXR"X C( R+0+R+C"+S 0REA RJ AESJ ;+ +^="C GREA=S+(
X;=S ]=X; R(ERJ ER+E\+R' R@ \=S=X+( X;+ +^="C 8+C+R@ "ECS[@ C( ;+
8EX X;+ +SX =C0ERAX=ECJ ;+ 8+C+R@ "ECS[@ @SE ]+?+C+( X;+ ]=@( R[AERS
<@M 2& ;$ L; FL4& 9$ $P&9LOF& -:
E[X X;+ +^="C R+\E@[X=ECJ + SS[R+( ;=A X;X X;+ X[RAE=@S ]+R+ @=A=X+(
XE X;+ CERX;+RC ER(+R' F'aaa ?=@EA+X+RS ]_ 0REA +^="E =X_J S+( EC
X;=S =C0ERAX=EC R@ \EC +R`8;= 8R++( XE X;+ +AG@E_A+CXJ
@8 RE(+ XE8+X;+R ]=X; RJ AES XE +^="EJ REA X E[=S R@ R+<
"+=\+( X+@+8RA N_E[R (+R S=SX+R RR=\+( S0+@_ ]+ "ECX=C[+ XR=G XEC=8;XT
R+8R(S
[C J AESJO @8 C( RJ AES RR=\+( X X;+ G@CXX=EC =C
+^="E EC +(C+S(_' _ F' FDFZJ ;+ +RC+( Y'aaa REC+C HVaa (E@<
@RSI G+R _+RJ ;=S ]S R+SG+"X@+ AE[CX "ECS=(+R=C8 X;X @E(8=C8 C(
ER(=C8 ]+R+ 0R++ SE X;X S;+ "E[@( S\+ @EX E0 ;+R S@R_J
R@ ]S @EC+ =C +] ER? C( 0R++J + "E[@( GR+GR+ 0ER ;=S =8 XE[R
X;RE[8; X;+ ]+SX E0 X;+ J + SX=@@ 0E[C(' ;E]+\+R' X=A+ C( @+=S[R+ XE
]R=X+ 0+X[R+S 0ER X;+ 0+[=@@+XEC GRX E0 [SXR=C C+]SGG+RS S ;+ @R+(_
;( (EC+ =C R`J C+ RX="@+ ]S "EC"+RC+( ]=X; X;+ S=C?=C8 E0 X;+ =XC="J
N +@=+\+' X;+ X=A+ =S CEX @ESXJ _ =A8=CX=EC =S GREA=S=C8 C( XR=C=C8
"C + [S+0[@J X ]E[@( + 0ER X;+ X=A+ X;X (+S"R=+ C E""[RR+C"+ ];=";
;\+ CEX 8EC+ X;RE[8; C( @C(S"G+S ];="; R+ 0ER+=8C XE A+JO X X;+ +C(
E0 ;=S SX_ ;+ ((+( 0[RX;+R RX="@+ XE ;=S @R+(_ ]R=XX+C 0+X[R+' CA+@_
E[X S?_S"RG+RSJ C X;=S RX="@+ ;+ X;E[8;X E[X X;+ (=1+R+C"+ +X]++C
X;+ AE(+RC C( X;+ E@( XE]CSJ
=S 4CC"=@ S=X[X=EC ]S CEX X;+ +SXJ +! @A!?!-+-@+! 2)!2-!C?, 2
?+-A!/A!2,!?!-2 ;( CEX R+SGEC(+( XE ;=S GREGES@J E]+\+R' ;+ "E[@( R+@_
EC 8RC(0X;+RQS 4CC"=@ S[GGERXJ C @+XX+R XE ;=S 8RC(0X;+R E0 GR=@ Z,'
;+ R+X[RC+( X;C?S& N ;\+ R+"+=\+( X;+ @+XX+R E0 "R+(=X 0E[R (_S 8ET X;C?
_E[ 0ER _E[R 8EE(C+SS' ]=X; ];="; _E[ S[GGERX A_ GRE>+"X C( ]=@@ A?+
+1ERXS EC A_ GRX XE +^XR"X S A["; GRE4X E[X E0 A_ XR=G S =C A_ GE]+RJO
ER+E\+R' XE ;=S S[RGR=S+' X;+ E_@ [C8R=C +E@E8="@ +=";S=CSX=X[X=EC
"ECXR=[X+( 5aa REC+C XE ;=S S";+([@+( XR=G XE X;+ E[X;]+SXJ
C X[R(_ _ 7' ;+ R+"+=\+( X;+ 4RSX @EC8 @+XX+R 0REA @8 ];+R+=C
S;+ (+S"R=+( X;X
[C AES XEE? "R+ E0 ;+R ]=X; @@ E0 ;=S X+C(+RC+SS C(
]=X; @E\=C8 XX+CX=ECJ R@ 8EX \+R_ >+@E[S C( ;+ SXX+( C8R=@_& N "E[@(
?="? A_S+@0JO
[+S(_' _ F7' FDFZ' ]S R@QS @SX (_ =C +] ER?J @8QS S=X[<
X=EC ;( E\=E[S@_ (RAX="@@_ ";C8+(J C @EC8 (+SG+RX+ @+XX+R' ];="; ;+
R+"+=\+( ([R=C8 (=CC+R' @8 XE@( R@ X;X S;+ ]S \+R_ [C;GG_ C( "EA<
G@=C+( X;X RJ AES A(+ (\C"+S XE ;+RJ +SG=X+ "@+C=C8 C( G"?=C8
R@ CS]+R+( @8 @X;E[8; =X ]S @R+(_ A=(C=8;X C( ;+ "R=X="=`+( @8&
NE[ (=( CEX 0E@@E] A_ (\="+J REA X;+ +8=CC=C8 _E[ ;( XE R+A=C( RJ
AES ]=X; +AG;S=S EC ;=S ([X=+S S 8+CX@+AC C( _E[ S;E[@( C=G =C [(
]=X; =REC G+RS=SX+C"+ +"; (\C"+JO X X;+ +C( E0 ;=S @+XX+R ;+ SS[R+( @8
X;X ;+ ]E[@( "EA+ XE +^="E =C [8[SX ER X X;+ +8=CC=C8 E0 +GX+A+R
C( SX_ 0ER X]E ]++?S "@ES+ XE ;+RJ
C +(C+S(_' _ F5' ;+ RE(+ ]=X; X;+ +^GR+SS XR=C XE S;=C8XEC
' ];+R+ ;+ 8=C A+X RJ +]+@@J
JU <@ F7 P;9 &FT024EG 247$2;;$# ;OL2 9$ 24G ;$ L; FL4& 9$ 2&;FS
+ @+0X S;=C8XEC EC R=(_' _ FU' C( ;+(+( \= X@CX 0ER

+] R@+CS' X;+ =8 S_' ];+R+ ;+ RR=\+( EC [C(_ AERC=C8J X ]S
X+RR=@+ R=(+J C X;+ 4RSX C=8;X' (R[C?+C GSS+C8+RS ]+R+ \+R_ CE=S_' X;+ XR=C
SEA+X=A+S R[GX@_ SXEGG+( C( AE\+( SE X;X R@ "E[@( CEX S@++G ([R=C8
X;+ 4RSX C=8;XJ ;+ C+^X (_ ;+ S] @EC8 X;+ R=@]_ \=@@8+S ]=X; GR=A=X=\+
]EE(+C ;E[S+S 0E[C(+( EC =SE@X+( R="? 0E[C(X=ECS' R+( G=CX+(' @AESX
C+8@+"X+( C( "E@@GS+(' C(EC+( 0RASJ R@ ]S CEX G@+S+(' X X;+ 4RSX
8@C"+ E0 +] R@+CSJ N=RX_' E@(<0S;=EC+(' GR=A=X=\+ R=@]_ SXX=EC "@ES+
XE X;+ SXR+A' X;+ R=@S [CGREX+"X+( +X]++C (E"?S C( XE]CJ C@SXR++X'
RE( SXR++X' 5 - V XRA R=@S EC+ [GEC X;+ EX;+R' (+CS+@_ E""[G=+( ]=X;
C+8@+"X+(' ERC8+ XRA ]8ECS' 7 - 5 6EER ;=8; ;E[S+S' SXEC+ ER R="? 0"(+'
JJJO + XEE? ]@? @EC8 X;+ (=RX_ (E"?ST X;+ ;RER R+A=C(+( ;=A E0 X;+
;RER =C =[A+ H=>+?IJ C X;+ +\+C=C8 ;+ +C>E_+( AR\+@E[S S[CS+X C(
(A=R+( X;+ ;+\_' SL[R+ ];=X+ =SS=SS=GG= SX+A+R ]=X; G((@=C8 ];++@+SJ
C X;+ R+C"; [RX+R ;+ 0+@X X;+ SG+"=@ XAESG;+R+ E0 X;+ =8 S_J NE[S+S
@E]' 8R+_' [C"@+C' ]=X; 4C+' E@( ]RE[8;X<=REC @"EC_ R=@=C8 C( 4C+ GR+XX_
SA@@ "E@[ACS C( @E88=+SJ =?+ =C E@( +C="+J C X;+ 8R(+C =C 0RECX E0 X;+
X+AG@+ =C= S;=C=C8 6E]+RS' \+R_ E@( 0C G@ASJ XRC8+ "ECXRSXJO
C [+S(_' _ ZF' ;+ ;( X;+ EGGERX[C=X_ XE \=+] X;+ "@ES=C8 ]ER?
E0 R+"; =C =SS=SS=GG= (=?+ 7a ?A CERX; E0 +] R@+CSJ C R"; X;+
(=?+ ;( 0=@+( C( ]X+R GE[R+( X;RE[8; R+"; YYa A ]=(+ C( 6EE(+(
=C X;+ C+^X ]++?S C[A+RE[S S[8R G@CXX=ECSJ R@ \EC +R`8;= \=\=(@_
R+GERX+( E[X X;+ 0=@[R+ C( "@ES=C8 X;+ R+"; =C C +^X+C(+( RX="@+ =C
X;+ A8`=C+ -! 1@+C' FDFZJ
X X;+ +C( E0 _' R@ \EC +R`8;= ]S EC ;=S ]_ XE X;+ E[X;<+SX
E0 X;+ J + RE(+ X;RE[8; +^S XE X;+ =E RC(+ R+S' XE @ SE
X;RE[8; [S; @C( "@ES+ XE X;+ =E RC(+J ;+ R=@]_ (A ]S aJU5 A
E\+R "@_ ]X+R C( S+"[R+( 8=CSX 6E]=C8 ]X+R _ SXEC+SJ C ;=S ]_
;+ S] +^="C ;E\+@S' @0@0' C( ];+X 4+@(SJ ;+ R=(+ @SX+( 7, ;E[RS
C( ]S \+R_ +^;[SX=C8J E]+\+R' EC X;+ C+^X (_ ;+ \=S=X+( X;+ ;+( E0
C8+@ A XE8+X;+R ]=X; X;+ (+GRXA+CX E0 X;+ C=X+( XX+S +"@AX=EC
+R\="+ HJXJJJIJ N^"+@@+CX [=@(=C8 AC8+A+CX ;\+ S++C [G XE (X+J
+R0+"X@_ RRC8+(JO
;+ 4RSX A>ER SXEG =C X;+ E[X;<+SX ]S @+G;CX [XX+ =C +] +^<
="EJ C X;+ R=(+ XE @+G;CX [XX+ ;+ GSS+( CSXR_ C( ERX +@(=C ];+R+
;+ ]X";+( R=@]_ ""=(+CXJ ;+ R=@]_ ]S @E"?+( C( 0X+R AC_ ;E[RS
E0 ]=X=C8' X;+ GSS+C8+RS' ];E S;E]+( A["; GX=+C"+' ]+R+ RE[8;X ]=X;
@[888+ ]8EC +=8;X A=@+S XE X;+ CERX;' XE =C"ECJ ;+R+' X;+ GSS+C8+RS
+CX+R+( X;+ XR=C 8=C C( =C X;+ +\+C=C8 X;+_ RR=\+( X [XX+
[C"X=ECJ C
@+G;CX [XX+' "@ES+ XE [XX+
[C"X=EC' R@ \EC +R`8;= \=S=X+( X;+ (A
S=X+J 0X+R @[C"; ;+ XEE? ]@? ]=X; ;=S ;ESXS X;RE[8; X;+ SGR+ @C(S"G+
]=X; @E] "_GR+SS+S E\+R@EE?=C8 X;+ A=^+R [C=XJ ;+ G+EG@+ X X;+ S=X+ ]+R+
\+R_ [S_J @E"EAEX=\+ +C8=C+ RE[8;X +^"\X+( AX+R=@ EC X;+ E1+R(AJ
EA+ R"<@AGS 8@=AA+R+( E\+ X;+ ";SA EC X;+ EGGES=X+ S=(+ E0 X;+ =E
<@M 2& ;$ L; FL4& 9$ $P&9LOF& J<
RC(+J C X;+ +\+C=C8 0X+R X;+ ]@?' R@ G@_+( 8A+ E0 =@@=R(S ]=X;
;=S ;ESXSJ C X;+ C+^X (_ R@ S+CX SEA+ X_G="@ SXEC+S XE C "L[=CXC"+'
A=C+R@E8=SXJ C X;=S ]=@( SE@=X[(+ ;+ XEE? G="X[R+S E0 X;+ \+8+XX=EC' E0 X;+
8+E@E8="@ S=X[X=EC C( E0 @+G;CX [XX+ 0REA X;+ S; "R++? S=(+ C( ;+
R+"ER(+( AC_ (+X=@S =C ;=S (=R_J C X;+ +\+C=C8 ;+ ;( (=CC+R ]=X; EC+ E0
X;+ "ECSXR["X=EC S[G+R\=SERS C( @X+R ;+ ]ER?+( EC C RX="@+ +CX=X@+( 16@
-2 !@!?A 2 DJ C C +CXR_ =C ;=S (=R_ 0REA
[C+ U' FDFZ' ]R=XX+C =C
;E+C=^' R=ÈC' ;+ R+AR?+( X;X ;+ ;( 4C=S;+( C ((=X=EC@ RX="@+ 0ER
C+]SGG+R =C +=G`=8 ]=X; X;+ X=X@+ ?-!)@@+C60AH H;+X+R E0 RIJ
C [C(_'
[C+ Z' =C X;+ +\+C=C8' ;+ RR=\+( =C [S"EC ];+R+ ;+ SX_+(
[CX=@ +(C+S(_'
[C+ 5J + \=S=X+( X;+ [C=\+RS=X_ EC EC(_ C( ]S =A<
GR+SS+( _ X;+ SG"=E[S C( "@+C "AG[SJ ER+E\+R' ;+ XX+C(+( X;+ 8R([<
X=EC "+R+AEC_ C( +C>E_+( X;+ "+@+RX=EC \+R_ A[";J C [+S(_ 0X+RCEEC
;+ A(+ XE[R _ "R XE8+X;+R ]=X; SEA+ "L[=CXC"+S C( X;+=R 0A=@=+S
C( GRE0+SSER E0 "=\=@ +C8=C++R=C8 =C ER(+R XE \=+] G[AG=C8 SXX=EC EC
X;+ CX R[` =\+RJ ;+ "R R=S+( A["; ([SXT X;+ 8RE[C( ]S 4C+ @=?+
"+A+CXJ X+R R@ \EC +R`8;= RE(+ +=8;X A=@+S XE C R=CJ N;+ ([SX_
(+S+RX ]=X; X;+ [C0R=+C(@_ "@[AG E0 XR++S "XS S (+X+RR+CX JJJO +C+X;
X;+ 8R+_ S?_ X;+_ S] C +^X+C(+( [=@(=C8 ]=X; SA@@ (EA+J NEA+ @E]
C(=C ;E\+@S XE X;+ R=8;X E0 X;+ SXR++XJ GR=+SX ]S X@?=C8 ]=X; X]E C(=CSJ
]E ]RA<;+RX+( 0X C[CS EG+C+( X;+ 8X+J ;+ REEA ]=X; "E@ER0[@ C(=C
S?+XS' EC X;+ ]@@S @R8+ G;EXE8RG;S E0 =AGERXCX C(=CS =C ]R (+"ER<
X=ECJ ;+ =CX+R=ER E0 X;+ ";[R";' 8E@(' "E@ER0[@' GEER G="X[R+S' X;E[8;' 8EE(
"R\=C8S AESX A(+ ]=X; ]EE( E0 X;+ +SL[=X+ XR++J ;+ "R\=C8S A[SX ;\+
A(+ (++G =AGR+SS=ECS EC X;+ C(=CS ];+C X;+_ S] X;+A 0ER X;+ 4RSX X=A+'
X;+ 8R=+\+( 0"+S =C X;+ (=AC+SS +X]++C 8E@( C( "E@ER JJJ ;+ GERX@ ]=X;
S=AG@+ "EGG+R 4XX=C8S R+\+@S =AGERXCX ]EE( ]ER?J ;+ A=((@+ G=+"+ E0 X;+
0"(+ E\+R X;+ 8X+ @EE?S @=?+ C E@( +R(+( S"[@GX[R+ JJJ A@@ 8R(+C =C
0RECX E0 X;+ ";[R"; ]=X; =REC RS C(' XE X;+ S=(+' C C(=C "+A+X+R_JO
X X;+ C=\+RS=X_ E0 R=ÈC' [S"EC' R@ \EC +R`8;= (A=R+( X;+
\@[@+ ER+ "E@@+"X=ECJ N;+ AESX +[X=0[@ A@";=X+S' `[R=X+S' AE@_(+C=X+
+X"JO ER+E\+R' ;+ \=S=X+( X+SX@ ];+R+ +^G+R=A+CXS ]=X; AX+R=@S 0ER RE(
"ECSXR["X=EC ]+R+ G+R0ERA+(J
C X;+ AERC=C8 E0 +(C+S(_'
[C+ 5' ;+ RE(+ EC ;ERS+ XE X;+ +S+RX<
^G+R=A+CX@<XX=EC' EC+<C(<<;@0 A=@+S SE[X;]R(S E0 [S"ECJ ;+ R=(+
XEE? X]E ;E[RS EC SXEC_ GX;S E\+R X]E ;=@@SJ C X;+ SXX=EC' +C8=C++RS'
";+A=SXS' =E@E8=SXS C( G;_S=E@E8=SXS ]+R+ ]ER?=C8J ;+ +^G+R=A+CXS ]+R+
"EC"+RC+(' =C GRX="[@R' ]=X; X;+ =C6[+C"+ E0 SE@[@@+ SE=@ S@XS C( +\GE<
RX=ECJ
REA [S"EC' R@ \EC +R`8;= XR\+@@+( XE ;E+C=^ EC X;+ SA+ (_J
[R=C8 SXEG ;+ S] SEA+ ";RA=C8 C(=C 8=R@S C( SEA+ G";+S ]=X;
S+R=E[S' +C+R8+X=" 0"+SJ [R=C8 X;+ XR=G ;+ ]S S[RGR=S+( _ XERC(E C(

F7 P;9 &FT024 $4$ 9;L =;GG&GG $F4P&FEG 74&9G& 9$ 2& $4$ 9;L ==7S );F ;9&
$OF490 24G 74)&L48&H 2& 7QSG &R=&L&$ L2L 24G 2;GLG Q;O7$ 04P& 248 F4$&@
JN <@ F7 P;9 &FT024EG 247$2;;$# ;OL2 9$ 24G ;$ L; FL4& 9$ 2&;FS
ES+R\+( _+@@E] "E@[ACS E0 SC( E0 GGRE^=AX+@_ X+C XE 40X++C A+X+RS =C

(=A+X+R X SEA+ G@"+SJ
C ;E+C=^ R@ GR+GR+( 0ER ;=S (\+CX[RE[S XR=G XE X;+ CERX;' XE X;+
E@ER(E R+J C( EC
[C+ ,' ;+ "@=A+( (E]C X;+ RC( C_EC HE@<
ER(E C_ECI' ]S =AGR+SS+( _ X;+ [C=L[+C+SS C( A8C=4"+C"+ E0 X;=S
]ER@( ]EC(+R C( ;+ S"R"+@_ (R+( XE +CX+R X;+ R=A E0 X;+ "C_EC =C X;+
@EC+@=C+SS C( X;+ NX+RR=@+ AECEXEC_JO REA X;+ RC( =+] E=CX ;+ ;(
C E\+R];+@A=C8 \=+] C( ;+ +8C XE 0++@ X;+ NX+RR=@+ SE@+AC AEE(O E0
X;=S "C_EC ];="; X;+ E@ER(E ;( 0ERA+( E\+R X;+ "E[RS+ E0 A=@@=ECS E0
_+RSJ 0 SG+"=@ =CX+R+SX 0ER R@ \EC +R`8;= ]S' E0 "E[RS+' X;+ 8+E@E8="@
SXR["X[R+ E0 X;+ E@ER(E G@X+[J N;+ \=+] X;RE[8; X;+ R+"; =C E]+R
ECXE E0 X;+ X+RR=4" (R? GR=AR_ RE"?S =S =C"EAGR@+J ;+ =(+ E0 X;+ ;[8+
8+ E0 X;+ S=S E0 X;+ E@ER(E G@X+[ S[88+SX+( =XS+@0J ]ER@( S++AS XE @=+
+X]++C X;+ R";)[A C( X;+ E]+R ECXEJ ;+ \=+] E0 X;+ =SE@X+( A+SS
+_EC( X;+ SXR+A ]=X; X;+ S;RG R+( SX8+S C( X;+ @++? 8R++C S@EG+S R+"@@S
\=\=(@_ E[R E@EA=X+SJO R@ =C\+SX=8X+( 0[RX;+R X;+ @_+RS E0 RE"? ([R=C8 ;=S
XR=G (E]C XE X;+ "@_<C?+( _+@@E] E@ER(E =\+R ]=X; C C(=C 8[=(+J C
X;+ C(=C "AG ]=X; S+\+R@ SA@@ ]EE(+C ;E[S+S X X;+ ES=S =C 6E[R=S;=C8
8R(+CS' ;+ A+X X]E R+AR?@+ _E[C8 A+CJ ;+_ GR+S+CX+( ;=A ]=X; EX<
X@+ E0 ]X+RJ C+ E0 X;+A SGE?+ +RACJ ;+ SXRC8+R ;( =AA=8RX+( S
X;R++ _+RS E@( ";=@( 0REA ;=C+ GRE\=C"+ =C +RAC_J 0X+R ];=@+' R@
\EC +R`8;= ;=?+( [G C( 0X+R C +^;[SX=C8 ]@?=C8 XE[R E0 X+C ;E[RS ;+
R+";+( X;+ G@X+[J "? =C ;E+C=^ ;+ 8=C S+X E[X 0ER AER+ S=8;X<S++=C8T
0ER +ÂG@+' ;+ \=+]+( X;+ EES+\+@X A C( X;+ @X =\+R +S+R\E=RJ
C X;+ A=((@+ E0
[C+' FDFZ' ;+ XR\+@@+( XE [A _ "R C( _ XR=C 0X+R
SXR+C[E[S R=(+ C( 0X+R ;\=C8 \=S=X+( (A [C(+R "ECSXR["X=ECJ _ X;+
"[R SX AC_ C(=CSJ NG+C (=RX_ @[C"; ;@@S' ;=C+S+ R?++G+R' JJJ S@EECS
AER+ C+8@+"X+( X;C =C ;E+C=^' S[SG="=E[S' (R[C?+C 0"+S ]=X; 8@=XX+R=C8
+_+S' =CXR[(=C8 G+C+XRX=C8@_ JJJ @EC8 X;+ (=?+ @EC8 @=C+S E0 +^="C A[(
"EXX8+S' @AESX +^"@[S=\+@_ EG+C' 0R+S;@_ "E\+R+( S;+(' +(S E[X(EERS' E0X+C
+L[=GG+( ]=X; AESL[=XE C+XS' 0+C"+S E0 R+( ]=R+' E0X+C C+8@+"X+(' (=RX_
";=@(R+CJO
C
[C+ F,' R@ ]S EC ;=S ]_ XE ES C8+@+S \= +^="@= H +^="EI
C( RR=\+( X;+R+ =C X;+ +\+C=C8J \+R X;+ C+^X (_S' ""EAGC=+( _
;_(R[@=" +C8=C++R' ;+ +C>E_+(' X;+ AR\+@@E[S S[RRE[C(=C8S E0 ES C8+@+S'
=C G="X[R+SL[+ E[X;+RC @=0ERC=J
0X+R ;=S +^X+C(+( XE[R X;RE[8; X;+ E[X;<+SX' ;+ XR\+@@+( ]=X; X;+
E[X;+RC "=4" R=@]_ "EAGC_ @EC8 X;+ 0CXSX="' RE"?_ "ESX XE C
RC"=S"E EC
[C+ Z5' FDFZJ N;+ REA=S+( C(' @=0ERC= ]S XR\+RS+( -
;E]+\+R' X;+ +^G+"X+( S[RGR=S+' X;+ 8+C+R@ C( SE@=( GRESG+R=X_' X;+ 8[RC<
X++ E0 =AGRE\=C8 EC+QS GES=X=EC 0ER +\+R_ ;+@X;_ AC ];E =S ]=@@=C8' 0=@+(
XE GG+RJ C ES C8+@+S (=( CEX 0++@ X;+ (+0+"XS E0 X;+ "E[CXR_ _+XJ ;+
+[X_ E0 X;+ XE]C C( X;+ "R+0[@@_ +^G@E=X+( GRE(["X=\=X_ E0 X;+ @C( A_
+ A=SX?+C =C X;=SJ E]+\+R' =C C RC"=S"E =X =S ;R(@_ GESS=@+ XE ;=(+JO
<@M 2& ;$ L; FL4& 9$ $P&9LOF& JM
[R=C8 X;+ C+^X (_S' R@ \EC +R`8;= ;+(+( 0ER X;+ =+RR ER+C C(
XE E[CX A=@XEC XE X;+ SE[X; E0 C RC"=S"EJ =S 4RSX SXEG ]S =C +(<
]EE( =X_J REA ;+R+ ;+ =CSG+"X+( X;+ "E[CXR_S=(+' F, A=@+S ]+SX]R(S E0 ;=S
SXEG' ];+R+ ;+ A+X 0RA+R 0REA X;+ SA@@ \=@@8+ E0 EC(J + =C\=X+(
R@ \EC +R`8;= XE R=(+ ]=X; ;=A XE EE(S=(+ C( EC(J C X;+ C+^X
AERC=C8 ;+ ]+CX _ 0EEX "? E\+R X;+ GSS XE EE(S=(+J C
[@_ 5' ;+
SX_+( =C C
ES+' ];+R+ ;+ ]CX+( XE R+CX ;ERS+ 0ER ;=S =CX+C(+( R=(+ XE
E[CX A=@XECJ E]+\+R' =X ]S (=2"[@X XE 8+X EC+ +"[S+ X;+ G+EG@+ XE@(
;=A X;+ ]_ ]S XEE RE[8;T ;E]+\+R' ;+ S[""++(+(J NC X;+ C+^X AERC=C8
RE(+ X S;RG XREX C( 8@@EG ]=X;=C X]E ;E[RS XE +] @A(+C =C X;+
+SX' F7 A=@+SJO C X;+ 0X+RCEEC ;+ @+0X +] @A(+C C( _ V GJ AJ ;+ ;(
R+";+( ;=S ;EX+@ ];+R+ ;+ @+( X;+ ;ERS+' =XS ];E@+ E(_ "E\+R+( ]=X; S@X'
XE X;+ SX@+J C X;+ C+^X AERC=C8 ;+ R[S;+( ]=X; R+CX+( "R EC +C(@+SS
S+RG+CX=C+S XE E[CX A=@XECJ N@X;E[8; X;+ AE[CX=C S;E]S CE CEX@+
GRXS E0 RE"?S' X;+ S@EG+S GG+R C+R@_ X;R+X+C=C8 ]=X; X;+ =SE@X+( (R?
E?S C( X;+ 8@+CS (++G@_ XERC =C X;+ 6C?SJO R@ +C>E_+( X;+ C="+ \=+]
E0 C RC"=S"E _ C( C
ES+ \+R_ A[";J + "@=A+( G@X+[ E0 X;+
AE[CX=CJ ;+ ES+R\XER_ ]S @E"X+( =C X;+ "+CX+R C( R@ +CX+R+( X;+
[=@(=C8 C( (A=R+( =XS +C";CX+( ]ER@(J
X ]S @R+(_ (R? ];+C ;+ "@=A+( (E]CJ + ]S @=XX@+ "R+@+SS C(
S[((+C@_ ;+ @ESX ;=S 0EEX=C8' XEE? X[A@+ C( @ESX ;=S G=C"+<C+`J ;+ C+^X
AERC=C8 ;+ ;GG=@_ 0E[C( ;=S G=C"+<C+` C( =C X;+ 0X+RCEEC ;+ ]S "?
=C C
ES+J 0X+R 0[RX;+R +^"[RS=ECS X;+ X=A+ "A+ XE S_ 8EE(<_+ XE C
RC"=S"EJ C
[@_ ,' FDFZ' ;+ @+0X ]=X; SX+A+R 0ER C =+8EJ ;+ "ESX
@C( R+A=C(+( ;=A E0 X@_QS "ESX@ @C(S"G+J ;+ SX+A+R SXEGG+( =C C
+(RE' SA@@' C+] XE]C =C X;+ SE[X;+RC ES C8+@+S R+J C ER( ;+ A+X
C E@( AC 0REA =XXS[R8; C( 0RA+R 0REA _EA=C8J EX; ]+R+ S=AG@+
[X =CX+@@=8+CX A+CJ C C =+8E' SE[X;+RC @=0ERC=QS AESX +[X=0[@ "=X_'
;+ ]+CX ]=X; X;+A =CXE ;EX+@ C( SG+CX X;+ C+^X X]E (_S =C X;+=R "EAGC_J
;+_ XEE? C="+ XR=G XE =>[C' =C SEA+ G@"+S (=RX_ C( ([SX_J C X;+=R
]_ "? X;+_ (RE\+ @EC8 X;+ EREC( +"; ]=X; SA@@ SXR=GS E0 _+@@E]
SC( ([C+SJ ]EAC 0REA ;=E' Zaa GE[C(S ;+\_' X@?+( CECSXEG E[X
X;+ "EC\+C=+C"+S E0 X;+ ERX;<+SX' E0 ERX@C(QS RES+S C( E0 X;+ C(=C
@+8+C(S 0REA X;+ E@[A= =\+RJ X X;+ +C( S;+ SXX+(& N A[SX (=+' =0
"CQX SG+?JO
R@ ]S (++G@_ (=SGGE=CX+( _ E=CX EAJ ;=S A_ + EC ""E[CX
E0 X;+ 0"X X;X X;=S R+ ]S [C(+R "ECSXR["X=EC =C FDFZJ E]+\+R' X;+ \=+]
0REA X;+ ]+SX E0 E=CX EA XE X;+ ;RER E0 "E@ER0[@ C =+8E' ]=X; X;+
AR\+@@E[S S?_@=C+ XXR"X+( ;=A XE X;=S R+8=ECJ C X;+ C+^X AERC=C8' R@
\EC +R`8;= \=S=X+( EREC(E +"; C( ]S =AGR+SS+( _ X;+ EREC(E
EX+@' ];="; @X+R +"A+ 0AE[S S "?(REG 0ER S"+C+ E0 X;+ 4@A 41!
-/! -A 4AJ N;+ ;EX+@ ]=X; ;=8; R+( X=@+( REE0' ]=X; X[RR+XS C( 8RR+XS (E+S
CEX 4X G+R0+"X@_ [X C+\+RX;+@+SS ]+@@ =CXE X;+ +"; =CSX@@X=ECSJO ER+E\+R'
;+ "EAGR+( EREC(EQS SC(_ +"; ]=X; X;X =C ES C8+@+S& N;+ SA+
J/ <@ F7 P;9 &FT024EG 247$2;;$# ;OL2 9$ 24G ;$ L; FL4& 9$ 2&;FS
SC(_ +"; S =C +C="+' CX EC=" C( EC8 +";' ];+R+ ;( S++C
X;+ "=4" "+C ]=X; =XS X;[C(+R=C8' RE@@=C8 S[R0 C( =XS S[([+(' 4C+ @[+
0ER X;+ 4RSX X=A+ =C
[C+JO
0X+R C =+8E ;+ ]S "? =C ES C8+@+SJ N;XQS JJ' =S @=0ERC=
@@ E\+R C( A[SX + SX[(=+(J [R=C8 A_ 4RSX S;ERX SX_ ;( +"EA+ "<
L[=CX+( ]=X; RE] E0 AER+ ER @+SS =CX+R+SX=C8 ;[AC +=C8SJO ESX E0 ;=S
"L[=CXC"+S ;( XE (E ]=X; ]X+R S[GG@_ C( X;+_ XEE? R@ \EC +R`8;=
XE AC_ =CX+R+SX=C8 "ECSXR["X=ECS S=X+S' R+@X+( XE ]X+R S[GG@_' S+]8+ C(
=RR=8X=EC "@ES+ XE ES C8+@+SJ
C X[R(_'
[@_ FY' ;+ ]S EC ;=S ]_ XE C +(RE =C ER(+R XE 8E
EX=C8 XE X;+ CX X@=C S@C(SJ NE]+\+R' CX X@=C' X;+ =S@C(J
EAG@+X+@_ (=1+R+CX 0REA' +J8J' GR=J ;+ "ESX R=S+S SX++G@_ E[X E0 X;+ (R?
@[+ S+' ;E]+\+R' X;+ "E@E[R E0 X;+ RE"? =S (R? 8R++C ]=X; X=C8+ E0 S[@<
G;[R+E[S ER R[SX R+(J +CS+ [S; "E\+RS X;+ AE(+RX+ RE[C(+( ;=@@XEGS' GRX@_
SXR] _+@@E] (R=+( 8RSS@C( C( @[^[R=CX' XREG="@ \+8+XX=EC =C X;+ "C_ECS
SGRE[XS [G ;=8;' =C X;+ "?8RE[C( E0 X;+ _S ]=X; R=@@=CX@_ R=8;X G+@+
+";+SJO R@ \EC +R`8;= AESX@_ SG+CX ;=S X=A+ R+@^=C8' +J8J' X;=C8 =C
X;+ S+ C( (E=C8 S=8;X<S++=C8 H\=S=X=C8 X;+ [C(+RS+ 8R(+CSIJ
"? =C ES C8+@+S ;+ \=S=X+( SEA+ "L[=CXC"+S ];E ;( =C\=X+( ;=A XE
@[C"; C( (=CC+R =C S(+C C( +C="+J ER+E\+R' R@ RE(+ ]=X; X;+ XR=C'
""EAGC=+( _ C "L[=CXC"+' XE X;+ E";+@@ @@+_' "@ES+ XE X;+ C
+RCR(=CE X=EC@ ER+SX' SE[X;<+SX E0 ES C8+@+SJ C X[R(_'
[@_ Za'
FDFZ' X;+_ R+";+( C(=EJ X X;X X=A+ C(=E' S ]+@@ S E";+@@' X;+ C+^X
SXEG' ]+R+ SX=@@ SA@@ \=@@8+SJ ;+C ;+ ;+(+( 0ER C C(=C R+S+R\X=EC ];=";
;+ ;RS;@_ "R=X="=`+( S (=RX_J N;+ 8E\+RCA+CX X?+S "R+ E0 X;+ G+EG@+' ER+S
]+@@S' 8=\+S A";=C+S C( E=@' ;E]+\+R' X;+ G+EG@+ (E CEX A?+ GRE8R+SSJO C
X;+=R \+R_ GR=A=X=\+ @E(8=C8 X;+_ ;( XE ]X"; E[X 0ER SC?+S C( S"ERG=ECSJ
REA +"" X;+_ S] =C X;+ (=SXC"+ X;+ _+@@E] E@ER(E (+S+RX' X;+ SG@=X
S@EG+S E0 X;+ C +RCR(=CE AE[CX=CS C( X;+ @X+C S+' R=8;X @[+
]EC(+RJ ]EE(+C S;"? S+R\+( S ;EX+@J R@QS 8E@ =C +"" ]S XE
\=S=X C +^G+R=A+CX@ SXX=EC 0ER =RR=8X=EC GRE@+ASJ C X;+ X=A+ XE 0E@@E]'
R@ \EC +R`8;= XR=+( XE 8+X =C\E@\+( =C X]E [S=C+SS GRE>+"XS' =C ER(+R XE
GRX="=GX+ =C X;+ 8RE]=C8 +"ECEA_ E0 E[X;+RC @=0ERC= - C( XE 0E@@E]
0X+R ;=S 8RC(0X;+RQS 0EEXSX+GSJ
C X;+ R=(+ 0REA +] R@+CS XE @ SE' X X;+ +8=CC=C8 E0 ;=S 8R+X
+^"[RS=EC XE X;+ +SX ;+ ;( +"EA+ "L[=CX+( ]=X; +] ER? C?+R
RJ J' X;=C' 6GG=C8 AC ]=X; 8R+_' @C? +_+S C( X;+ 0"+ E0 GRX+RJ
C [A ;+ R+"+=\+( @+XX+R =C ];="; X;+ C?+R "@@+( R@QS XX+CX=EC XE
X;+ AG+R=@ @@+_' >[SX CERX; E0 +^="@= X X;+ +^="C ER(+RJ N=X; X;=S
\@@+_ ]+ "C A?+ SEA+ AEC+_'O X;+ C?+R SXX+(J C C RC"=S"E' R@
\EC +R`8;= A+X ;=A 8=C _ ";C"+ EC X;+ SXR++X C( 0REA X;X GE=CX EC
;+ ]S "ECX=C[E[S@_ =C "ECX"X ]=X; ;=AJ =S C"+SXERS "E[@( + XR"+( XE E@(
[REG+C 0A=@=+S C( X;+_ ;( S+R\+( =C C+R@_ @@ X;+ ]RS E0 X;+ C=X+(
XX+SJ + ;( A(+ @EX E0 AEC+_ X]="+J E]+\+R' ;+ @SE @ESX =X X]="+J N
<@M 2& ;$ L; FL4& 9$ $P&9LOF& J-
]=@@ X+@@ _E[ SEA+X;=C8' E"XER' E[X "EXXECJ EXXEC =S X;+ S=C8@+ [S=C+SS
=C X;+ ]ER@( X;XQS SE@[X+@_ S[R+J E[ 8E XE RE?+R =C =\+RGEE@ C( X+@@
;=A X;X _E[ ;\+ "EXXEC =C @=0ERC= C( _E[ 8+X "S;J EXXEC =S AEC+_'
"EXXEC "C + S;=GG+( ];+R+ _E[ @=?+ C( "EXXEC "C + SXER+(J E[ C( '
]+ ;\+ X;+ ?+_ E[X X;+ AG+R=@ @@+_ =C E[R ;C(SJ ?CE] +\+R_X;=C8
E[X "EXXEC' _E[ ?CE] +\+R_X;=C8 E[X X;+ =RR=8X=ECJ ]=X; A_ 0R=+C(S'
C( _E[ ]=X; _E[RS' ]+ "C A?+ =8 AEC+_JO
C+ (_ RJ J =CXRE(["+( R@ \EC +R`8;= XE RJ >ER J' X@@
AC ]=X; 8+C=@' EG+C C( +C+R8+X=" 0"+J + XR(+( =C R+@ +SXX+ C(
;+ ]S A?=C8 8R+X +1ERXS XE S+@@ X;+ @C( E0 RC";J =S G@C ]S S
0E@@E]S& ;+ ]CX+( XE GR"+@ E[X X;+ @C( H7'aaa "R+SI' XE S+@@ =X C( XE
"[@X=\X+ =X =C +^";C8+ 0ER Z5 G+R"+CX E0 X;+ GRE4XJ C X;+ S=S E0 RE[8;
+SX=AX+ ;+ "@"[@X+( C +CERAE[S C+X GRE4XJ E]+\+R' R@ R+"E8C=`+( \+R_
SEEC X;X X;+ ];E@+ "@"[@X=EC ]S ]REC8J ;+R+ ]+R+ CE "ECS=(+RX=ECS
0ER "ESX E0 [G?++G' CE "@"[@X=EC 0ER X;+ C+"+SSR_' +^G+CS=\+ 8R="[@X[R@
A";=C+S' CE ?CE]@+(8+ E0 ]X+R R=8;XSJ RJ J R+0+RR+( XE RJ J ];E ]S
S[GGES+( XE ;\+ X;+ "ERR+SGEC(=C8 4@+SJ RJ J =CXRE(["+( R@ \EC +R`8;=
XE RJ J' ];E S++A+( XE + 8EE(<CX[R+( AC ""[SXEA+( XE "EA0ERXJ
+ SXX+(& NEE?' SX[(=+( X;+ S=X[X=EC 0ER X]E _+RS +0ER+ ";ES+ FV'aaa
"R+S 0REA X;+ ;[8+ @C( "EAG@+^JO E]+\+R' R@ \EC +R`8;= 8EX X;+
=AGR+SS=EC X;X X;+ @+8@ S=X[X=EC ]S ";EX=" C(' 4C@@_' ;=S +1ERXS XE
GRX="=GX+ =C X;+ [S=C+SS 0=@+(J N ]S \=\=(@_ =CX+R+SX+( =C ;=S GRE>+"XS
C( ;( ";+"?+( X;+ X+";C="@ C( @+8@ S=SJ + ;( GR+GR+( X;+ ]ER?
]=X; S"=+CX=4" X;ERE[8;C+SS C( ;+ ?CE]S ;=S [S=C+SSJ ;+ GREGES@ ];=";
;+ ;( A(+ ]S XE GRX="=GX+ =C X;+ +CX+RGR=S+ ]=X; S;R+ E0 FW, _ G_=C8
Faa'aaa (E@@RST X;=S =S XR[@_ C XXR"X=\+ E1+R C( A+CS 0ERX[C+ 0ER X;+
=C\+SXERJ A SERR_ XE S_ 8EE(<_+ XE X;+ ;EC+SX' S+R=E[S ;R(<]ER?=C8
ACJO
R@ \EC +R`8;=QS S+"EC( XX+AGX XE 8E =CXE [S=C+SS SXRX+( =C
[@_'
FDFZJ C "L[=CXC"+ ;( XE@( R@ E0 ;=S =CX+CX=EC XE G@CX (X+ G@AS
EC X;+ X]E GREG+RX=+S =C X;+ E";+@@ @@+_J R@ ]S \=\=(@_ =CX+R+SX+(
=C (X+ G@A G@CXX=ECJ + R+"E8C=`+( X;+ +^XR+A+@_ 0\ER@+ @E"X=EC E0
X;+ E";+@@ @@+_ +X]++C X;+ AG+R=@ \@@+_ C( X;+ C +RCR(=CE
AE[CX=CSJ + G+RS[+( X;+ G@C XE RE[S+ X;+ =CX+R+SX E0 [C8R=C "G=X@
0ER 5aa "R+ GRE>+"XJ ;+ +C"E[R8+A+CX 0ER X;=S "A+ 0REA G=+"+ E0
=C0ERAX=EC 0REA RJ J X;X X;+R+ ]S G+RAC+CX SGR=C8 X X;+ CERX; S@EG+
E0 X;+ C +RCR(=CE AE[CX=CS' EC@_ FZ A=@+S (=SXC"+ 0REA X;+ GREGES+(
@C( ]_ C( 75 A=@+S ]_ 0REA X;+ R=@RE(J ;+ "ESXS 0ER X;+ ]X+R G=G+S
]E[@( + 7a'aaa (E@@RS C( X;+ XEX@ "ESXS 0ER X;+ GRE>+"X FJ5aa'aaa (E@@RSJ
+ ;EG+( XE A?+ E[X X;+ C+"+SSR_ "ECC+"X=ECS =C [C8R_ ]=X; X;+
;+@G E0 X;+ AG+R=@ +E@E8="@ CSX=X[X+J =A[@XC+E[S@_ ;+ X;E[8;X E[X
"EA=CX=EC S C @X+RCX=\+ GRE>+"X' CA+@_ XE +CS[R+ Ya'aaa (E@@RSJ =X;
X;+S+ Ya'aaa (E@@RS ;+ ]CX+( XE SXRX X;+ GRE>+"X EC RJ JQS GREG+RX=+S C(
XE GRX="=GX+ =C X;+ "ECS[@X=C8 E0 X;+ (+\+@EG+R S C SS=SXCXJ E]+\+R' X;=S
JJ <@ F7 P;9 &FT024EG 247$2;;$# ;OL2 9$ 24G ;$ L; FL4& 9$ 2&;FS
F7 P;9 &FT024# ;2&77 77&S#

74);F94# <:<N
8+CX@+A+CQS [S=C+SS ]S SE A+8+R X;X ;+ "E[@( CEX 1ER( C SS=SXCXJ C

X;+ (_ X;X ;+ G[X 0ER]R( ;=S S+"EC( G@C ]=X;E[X 8+XX=C8 X;+ (+S=R+(
R+S[@X' X;+ (+\+@EG+R ]+@"EA+( R@ ]=X; A_SX+R=E[S@_ G@+SCX 0"+J
8RE[G E0 A+C ;( "EA+ XE8+X;+R C( ;( (+\+@EG+( C +^"+@@+CX GRE>+"XJ
;+ EC@_ X;=C8 X;X X;+_ ]+R+ A=SS=C8 ]S AEC+_J ;+ C+8EX=X=ECS ]+R+
\+R_ =CX+R+SX=C8J E]+\+R' =C X;+ +C( X;+_ 0+@@ X;RE[8;J
;+R+ ]S @=XX@+ +G=@E8[+J + @+RC+( X;X C E@( GRESG+"XER ;( R+>+"X+(
C E1+R E0 Y5'aa (E@@RS 0REA E[X;+RC "=4" [X;ER=X=+S 0ER ;=S 0RAJ ;+
0RA@C( S++A+( +^"+@@+CX@_ S[=X+( 0ER (X+ G@ASJ E]+\+R' X;+ C+8EX=X=ECS
E[X X;+ G[R";S+ E0 X;+ 0RA@C( 0=@+( @SE C(' 4C@@_' ;+ "@ES+( X;+ EE?
EC X;=S ";GX+R E0 ;=S @=0+& N;+ (](@=C8 ;S "EA+ XE C +C( CE]J ;+ @SX
AECX; ;( 0@@+C E[X E0 X;+ GRE8RAT ;E]+\+R' =X ;S 8=\+C A+ \@[@+
=CS=8;X =CXE X;+ ]_ EC+ "C A?+ AEC+_ =C C+] "E[CXR=+SJO
R([@@_ ;+ 8EX @=XX@+ ;EA+S="?J N @+XX+R 0REA 8RC(0X;+RT X;+ X;E[8;X
E0 ;=A XE[";+S A_ ;+RX C( =X ;[RXS A+ XE ?CE] X;X ;+ =S @EC+J R=X`QS
@+XX+R& ;+ X;C?S A+ 0ER A_ +1ERXS "EC"+RC=C8 @8J ;+ GEER 8=R@JO
=X; X;+ X]E XX+AGXS X 8+XX=C8 =CXE A+R="C [S=C+SS R@ \EC +R`<
8;=QS SX_ =C ES C8+@+S "A+ XE C +C(J 0X+R \=S=X=C8 SEA+ "L[=CXC"+S
;+ S=( 0R+]+@@ XE JJ C( R[S;+( XE C RC"=S"E RR=\=C8 X;+R+ EC [8[SX
,' FDFZJ [R=C8 X;+ 4RSX (_S =C C RC"=S"E ;+ R+6+"X+( EC ;=S +^G+R=+C"+S
<@M 2& ;$ L; FL4& 9$ $P&9LOF& JI
=C ES C8+@+SJ C 4RSX (R0X E0 @+XX+R XE RE0+SSER =XX+C[+R ;+ "EA<

G@=C+( E0 X;+ ( "EC(=X=ECS 0ER +C8=C++RSJ 0X+R SEA+ X;E[8;XS E[X X;+
8EE( +RC=C8S E0 SG+"[@XERS C( ]ER?+RS ;+ SXX+(& NC@_ EC+ ?=C( E0 G+RSEC
=S CC+( 0REA X;+ CL[+X' X;+ +C8=C++RJ
;=S =S C =CX+R+SX=C8 ";GX+RJ ;\+ "E@@+"X+( (X C( 0"XS +\+R_];+R+J
C@_ EC+ +ÂG@+& C X;+ E=@ 4+@(S E0 @=0ERC= EC+ G_S 0ER (_<@E[R+R
Ua (E@@RS G+R AECX; JJJ' 0ER 0ER+AC' Zaa (E@@RS' 0ER S[G+R\=SER' 7aa
(E@@RSJ C8=C++RS ]ER? =C X;+ 4RSX 5 - V _+RS' _+S +\+C =C X;+ 4RSX Fa _+RS'
0ER Va - ,a (E@@RS C( +^G+R=+C"+( A+C 0ER F5a (E@@RS JJJ +' ];E (EGXS
X;+ GRE0+SS=EC E0 +C8=C++R =S C =(+@=SXJ ;+R+0ER+ X;+ [C[S[@ SE@=(=X_ E0 X;+
A+R="C +C8=C++R ]=X;=C S]=C(@=C8 G=R"_T 0ER >E_ =C ;=S ]ER? =S X;+ EC@_
X;=C8 ;+ ;SJO
ER+E\+R' ;+ "EAG@=C+( E0 SEA+ ( =C"=(+CXS ([R=C8 ;=S SX_ =C X;+
C=X+( XX+SJ NE]+\+R' "CCEX 8E "?O - C( ;+ R+AR?+( N S++ A_
0[X[R+ =C RE[8; (R0XS =C 0RECX E0 A+J ;+ +S=@_ 8=C+( R=";+S E0 X;+ ]+SX (E
CEX XXR"X A+J ]=@@ XE[R X;RE[8; E[X; A+R="C R+G[@="S S R+SG+"X+(
+C8=C++R 0ER 4\+ ER S=^ _+RS =C ER(+R XE SX=S0_ A_ =AG[@S+ "EC"+RC=C8 X;+
R+"X=EC E0 CX[R+ XE \R=E[S ;[AC =CX+R\+CX=ECSJ ;+C ]=@@ +CX+R EC CE
@+SS ;ECER@+ "R++R S R=\X(E`+CXJ @"? X;+ =C"@=CX=EC XE]R(S +=C8
8E@(A=C+RJO
\=E[S@_' ;+ ]S R+@@_ SXREC8@_ "EC\=C"+( X;X ;+ ]E[@( ;+( 0ER E[X;
A+R="' +"[S+ ;+ +C(+( X;+ (R0X E0 X;+ @+XX+R XE RE0+SSER =XX+C[+R
]=X; X;+ G;RS+& NE 8=\+ A+ X;+ G@+S[R+' G@+S+' +RR RE0J' E0 SEA+ @=C+S
C( ]=@@ 8RX=0_ _E[ ]=X; 8@E]=C8 (+S"R=GX=ECS 0REA X;+ C(+SJO
REA [8[SX FF XE RE[C( [8[SX Za' FDFZ' R@ \EC +R`8;= \=S=X+( X;+
XE]CS E0 +CE C( RSEC =X_ =C +\( C(' =C @=0ERC=' ?+ ;E+'
8@+]EE(' =>EC' @+CXREE?' @@+C +0 @@S' C( @+C @G=C+ GR=C8S'
];+R+ ;+ XE[R+( 8R+X (=SXC"+S EC ;ERS+"?J S [S[@ ;+ ES+R\+( X;+
@C(S"G+ ?++C@_ C( (+S"R=+( =X C( X;+ 8+E@E8="@ S=X[X=EC ]=X; +@EL[+CX
]ER(SJ
C RSEC =X_ ;+ ]REX+ X;+ 4RSX (R0X E0 X]E @+XX+RS XE ;=S "L[=CXC"+
RJ
ES+4C+ EX`+"?' 0R=+C( E0 @@QS 0A=@_ =C R`' @]_S "@@+( -2-& N
;\+ @R+(_ R+"+=\+( X]E @+XX+RS 0REA _E[ C( (E CEX ?CE] ];="; E0 X;+A
GGR+"=X+ AER+J C EC+ "S+ _E[ "ECSE@+ A+ 0X+R 8R=+\E[S @ESX HR@ (=(
CEX +^G@=C ];X ;+ A+CX ]=X; P8R=+\E[S @ESXQ' X;+ [X;ERI' SE @E\+@_ C(
S_AGX;+X="@@_' S CE EX;+R ;[AC +=C8 - =C X;+ EX;+R _E[ G@+S+( A+ ]=X;
@EX E0 "E@ERS C( SE[C(S 0REA ;EA+' >[SX X X=A+ ];+C X;+ A+AER=+S E0
;EA+ R+ E0 SG+"=@ ?=C( JJJ _ =@@[S=ECS 8E @=?+ X;+ [X[AC @+\+S ]=X; X;+
]=C(J @[8; 0X+R X;+AJ \+R_X;=C8 X;X =SCQX C=@+( (E]C S;E[@( 8E' (E
CEX 8EJ
(E CEX (R+ XE S;E] X;+ S=X[X=EC "@+R@_ XE A_ G+EG@+J [RR+CX@_ X;+
0[X[R+ =S 8R+_ =C 8R+_J ;\+ @R+(_ AC_ =CC+R SXR[88@+S +;=C( A+O JJJ C
S+\+R@ GR8RG;S =C X;+ (R0X E0 X;+ @+XX+R ;+ +^GR+SS+( SEA+ S+CX=A+CX@
+AEX=ECS ];+C ;+ SGE?+ E0 ;=S AEX;+R C( 8RC(0X;+RJ N ]=@@ 4C=S; A_
J' <@ F7P;9&FT024EG247$2;;$#;OL29$24G;$L;FL4&9$2&;FS
+^"[RS=EC=CVXE,]++?SC(]=@@XR\+@]=X;X;+C+^X0R+=8;X+RXEE[X;
A+R="'X4RSXXE+R['C(]=@@X;[S(+SXRE_8RC(0X;+RQS;EG+SE0S++=C8
A+8=C=CX;+C+R0[X[R+J=\+'S=^_+RS S;@@]C(+RS;[C8R_+C8=C++R
X;RE[8;X;+E[X;A+R="CR+G[@="S=CER(+RXEXSX+XEX;+0[@@(E]CXE
X;+@SX(REGSX;+];E@++[X_C(X;+];E@+RE[8;C+SSE0X;+G=EC++R@=0+'
X;+C ]=@@X?+[GX;+;R("R++RE0X;+R=\X(E`+CX+C=CER(+RXES;G+
@@X;X ;\+"E@@+"X+(']=X;E[X;EG+E0GGR+"=X=ECJ 0=XG@+S+SERX[C+
XE8RC=S;X;+A+8+R0EE(-@@R=8;XJ (ECEX(+AC(=XTX;+0"X=S+CE[8;
0ERA+X;X ;\+CQX";C8+(A_S?=C[C(+RX;+AESX(=2"[@X"=R"[ASXC<
"+SJJJ
E(_ ]=@@CEX]R=X+E[X@8J;+S[>+"X;[RXSA+(@_JC@_EC+
GE=CXJ;+"EAG@=CSX;XS;+=S=C;+@@J RJAES;S@ESX;=SA=C(C(;=S
0RCX="X+C(+RC+SSC(XX+CX=ECSG[RS[+;+RA=C[X+_A=C[X+C(;+RG+"+
C(L[=+XC+SS=S8EC+J C((=X=EC'X;+R+\E@[X=EC];=";A?+S"ERR+SGEC(+C"+
]=X;X;+E[X+R]ER@(C+R@_=AGESS=@+T@+XX+R0REACRC"=S"EXE +^="E
X?+SAER+X;CX]E]++?SC(X]E]++?S"?J
=X; X;=S =X =S +CE[8; ]=X; X;+ ;ERRERJ ;X ;\+ (+S"R=+( =C X;=S
@+XX+R=SX;+C+]]ER@(=CX;+@=8;X-ER+XX+RS=('=CX;+S;(E]E0X;+S;RG
"EAAECS+CS+J[XE0=XSS[X=@+XXR"X=ECS'E0X;+0=R_<X@+A8="E0X;+
(+S+RX]=X;=XSXERC(ESC(]=X;@=C+SXR+A@=C8=CX;+8@E]E0X;+S[CS;=C+
E0X;+XREG="SC(X;+G[``@=C80XAER8CS'E0X;+[CSG+?@++[X_E0
X;+CE"X[RC@SXRR_S?_E\+X;+\+R_E@(G=C+SE0X;+E@ER(EG@X+['E0
@EC+SEA+R=(+S'@SX=C80ER(_S'X;RE[8;X;+[S;E0R=ÈCC(E0X;+;E@_
S=@+C"+=CX;++L[E=GR=A+\@0ER+SXS=CX;+"C_ECSE0X;+"=4""ESX'
E0 X;+(R+(+\=@'E[C(@+SSGRE8R+SS=C8E0 C+]_E[C8CX[R@ 8+C+RX=EC
EC\=R8=C8RE[C(]=X;@@=XS(R=C8C(R]C+SS']=X;=XS]+?C+SS+SC(
=XSGRESG+"XS'E0@@X;+GESS==@=X=+S]=X;];=";X;+XAESG;+R+SEXESG+?
=S=AGR+8CX+(' ;\+CEXSGE?+C'C(=0@@E0X;+S+G="X[R+S]E[@([C0E@(
+0ER+_E[R+_+S'X;+CX;+8R+_]E[@((=SGG+R=CXES=@+CX"ERC+RJ-
=X;X;=SSS[RC"+ ]=@@4C=S;A_+G=SX@+0REA+\(JO
[R=C8X;+C+^X(_SR@\EC+R`8;=\=S=X+(S+\+R@"ECSXR["X=ECS=X+S
+SXE0X;+RSEC=X_R+JXX;++C(E0[8[SX;+RE(+XE@X?+=X_J
NC[S[@@_4RASXR++XS'8EE(S;EGS'0"(+SAESXSC(SXEC+ERR="?SC(S
XSX+@+SSSGESS=@+J[8+CA+<G@X+S'ECX;+@AGGE@+S68SE0X;+C=EC
=CG=RS'4RA@_X=+(XX;+EXXEA+"[S+E0X;+]=C(JCX;+X+AG@+SL[R+
X;+ GE]+R0[@ X+AG@+ [=@X ]=X; 8R+_ 8RC=X+JO C X;+ 0E@@E]=C8 GR8RG;S
E0 ;=S (=R_ 0REA FDFZ ;+ (+S"R=+( X;+ X+AG@+ =C (+X=@J ;+C ;+ SXX+(&
N CX;+GR?X]ESXX[+S&
ES+G;C(_R[AA=X;J
ES+G;A=X;R+"+=\=C8
X;+(=\=C+=CSG=RX=EC'GRE4@+@=?+";=@@+R';[8+CES+'C(4C+S]++G=C8'
0+A=C=C+AE[X;']=X;G+"[@=RA=^X[R+E0+CX;[S=SAC("EL[+XR_'=CS[=X
E0X;+F,7aSJO
C[8[SXZV'FDFZ'R@SX_+(=CRE\E'X;];+R+;+]+CXXEX;+
X=@ER'XEX;+@"?SA=X;C(X;+G;EXE8RG;+R=CER(+RXER+G=R;=S+@EC8<
=C8SJREARE\E;+RE(+"?XE+\('XEX;+R++X]++C`+CC(
<@M 2& ;$ L; FL4& 9$ $P&9LOF& J:
@@ECJ 0X+R]R(S ;+ \=+]+( S+\+R@ EX;+R [=@(=C8 S=X+S =C +\( C( XEE?
=C X;+ AR\+@@E[S @C(S"G+ E0 X; EC ;ERS+"?J
X X;+ X[RC E0 [8[SX XE +GX+A+R' FDFZ' R@ \EC +R`8;= RR=\+( X
ERX@C(' R+8ECJ + EC@_ SX_+( ;+R+ 0ER ];=@+ C( X;+C R[S;+( XE +@@E]<
SXEC+' @E"X+( =C X;+ ;+RX E0 X;+ E"?_ E[CX=CSJ ;=S E@(+SX C( @R8+SX
X=EC@ R? ]=X; =XS AC_ 8+_S+RS C( S=CX+R 0ERAX=ECS' X;+ 8RC(=ES+
"C_EC E0 X;+ +@@E]SXEC+ =\+R' X;+ ]X+R0@@S' X;+ 8R+X +@@E]SXEC+ @?+
C( @SX [X CEX @+SX X;+ AC_ C=A@S @=\=C8 ;+R+' =S ]=X;E[X (E[X EC+
E0 X;+ AESX 0AE[S CX=EC@ GR?S =C X;+ ]ER@(J X ]S =XX+R "E@(' ];+C R@
RR=\+( C( X;+ X+CXS C( @E8<"=CS ]+R+ ;+X+(J + ;=?+( 4RSX X;=C8 =C X;+
AERC=C8 X;RE[8; X;+ ]EC(+R0[@ G@"+S C( =C ;=S (=R_ ;+ @=( (E]C 8=C
R+@ XR\+@ 8[=(+ E0 +@@E]SXEC+J
C X;+ A=((@+ E0 +GX+A+R' R@ \EC +R`8;= ]S =C [G+RX' (;EJ +
\=S=X+( "ECSXR["X=EC S=X+S ;+R+ C( =C EX;+R G@"+S =C (;E' ];+R+ ;+ (=S"[SS+(
"ECSXR["X=EC GRE@+AS ]=X; "=\=@ +C8=C++RS C( (=( @EX E0 S=8;X<S++=C8J
X X;+ +C( E0 +GX+A+R R@ \EC +R`8;= 0E@@E]+( X;+ C?+ R=\+R ]=X;
=XS ;[8+ ]X+R ASS C( ]X+R0@@SJ N;+ ;ES;E[+ @@S' X;=S ASX+RG=+"+ E0
CX[R+' X;=S >+]+@ =C (R? S@X 0RA+' @=+ =C X;+ ;+RX E0 _E[C8' 6E[R=S;=C8
=RR=8X=EC (=SXR="XO' "@ES+ XE ]=C @@S' (;EJ ERX;]+SX E0 ]=C @@S R@
\=+]+( X;+ =AGR+SS=\+ "ECSXR["X=EC S=X+ ??4E?4/ C( EC ;=S ZDX; =RX;(_
;+ @+0X X;=S R+ _ XR=C C( R[S;+( 0ER +XX@+ \= [CC_S=(+ C( ?=AJ
C+ +\+C=C8 ];+C ;+ SX =C X;+ E0R) [ 0+ C( @=SX+C+( XE +RAC
C( G@_=C8 E@(' S+CX=A+CX@ SEC8S' ;+ 8EX \+R_ (+GR+SS+(J N@@ X;+ G+EG@+
];E ;\+ @E\+(' ];E R+ "ECC+"X+( ]=X; A+ _ ;+RXQS @EE(' +A+R8+(
[CS[AAEC+( 0REA X;+ E@=\=EC' A_ SE@=X[(+ "A+ (R+(0[@@_ XE A_ ]R+C+SS
JJJ _ 0X+ "RR=+S EC =C X;=S ]_ SX+G _ SX+GJ ;X @@ 0S"=CX+( A+ =C +R@=+R
_+RSM JJJ' EXC_ E0 X;+ R_GXE8A+C
' X;+ER_ E0 "E8C=X=EC' C( SXRECEA_J
;+ S+"R+X 4+@(S E0 ";+A=SXR_ C( E0 G;_S="S E0 X;+ +X;+RJ ;+ "EAG@="X+(
GRE@+AS E0 X+"XEC=" 8+E@E8_J "; 4+@( =C"@[(+S =C =XS+@0 @=0+X=A+ XS?SJ @@
X;+S+ =CX+R+SXS A[SX \C=S; ER A[SX + R+SXR=C+( ]=X;=C ;RA@+SS @=A=XS =C
0\E[R E0 X;+ EC@_ X;=C8J EAX E0 X;+ CX[R@ GE]+RS' ASX+R=C8 E0 +RX;
C( RE"? ]ER?J @@' EX;+R X;=C8S A[SX \C=S;' =0 A XE R=C8 =X XE ;+(
=C EC+ 4+@( C( +S"G+ X;+ (C8+R E0 (=@+XXCX=SA' X;+ ]0[@J ;X ";E="+
(E ;\+M _(R[@="S GRE0+SSER ];E ;S C+\+R [=@X C_X;=C8 - "R="X[R+J
+E@E8=SXM - G@XEC=" >E_ 0ER R+X=R++SJ 2"+<;E@(+R - C( @@ A_ [R8+S C(
=CX+CX=ECS "EC(+CS+( XE S[S"R=+R E0 R+CX@ @=RR_M EJ A[SX (=S"@=A
@@ X;+ X=(=XS E0 X;+ SG=R=X C( 8E =CXE X;+ AESX "EC"R+X+ 0ERA E0 @@ "EC"R+X+
0ERASJ ;X ;\+ @]_S S?+( 0ER =S GR+S+CX =C X;=S 4+@( =C SEA+ 0ERA&
CX[R@ S"=+C"+J - "; (R=@@=C8 EG+CS C+] \=+] =CXE X;+ +@@_ E0 X;+ +RX;
C( X;+ R=8;X CS]+R "EA+S [GEC +"; =RR=8X=ECJ - +[X_ - SCQX X;+ A=C+R
+X]++C R=8=( A[S;REEA<@=?+ X=A+R' X;+ R=GG=C8 GRX_ X X;+ S+XX=C8 [G E0
"RC+' X;+ ]ER?=C8 SX+A G((@+' +[X_ +CE[8;M JJJ ;=@ESEG;_ C( S"=+C"+

&F9# F4$# 8;GG
IU <@ F7 P;9 &FT024EG 247$2;;$# ;OL2 9$ 24G ;$ L; FL4& 9$ 2&;FS
E0 SE"=@ S"=+C"+ S ]+@"EA+( EC[SJ R=X _E[R X++X; C( @+XQS 8E' X;=S =S @@
X;X "C (E C( A[SX (E' EX;+R]=S+ +"EA+ (=@+XXCX+ =C X;+ GRE0+SS=ECJO
X X;+ +8=CC=C8 E0 "XE+R' FDFZ' ;+ ]REX+ =C ;=S (=R_ X;X ;+ ;(
(+"=(+( XE 8E XE +R[' ];+R+ ;+ ]S XXR"X+( _ X;+ ;[8+ AE[CX=CSJ N X =S
>[SX X;+ "@@=C8 E0 A_ @=0+ XE (+\+@EG @@ X;+ S?=@@S ];="; GESS+SS S "EAG@+X+@_
S GESS=@+J ;\+ "+RX=C ;+S=XX=EC 8E=C8 "? XE [REG+' +\+C 0ER S;ERX
X=A+J [REG+ =S X;+ @C( E0 X;+ S=CS E0 A_ _E[X;J ;+R+ (+\+@EG+(' @EC8S=(+
AC_ 8EE( X;=C8S' @@ X;+ ( S++(S =C A_ CX[R+JO
"? =C ERX@C( H"XE+R Fa' FDFZI R@ \EC +R`8;= R+"+=\+( @+XX+R
0REA ;=S 8RC(0X;+R C( ;+ ]S (++G@_ S;?+CJ \=E[S@_ ;+ ;( ]R=XX+C
XE R` X;X ;+ ]E[@( @=?+ XE AC8+ 8RC(0X;+RQS E]C 0[C(SJ R@=+R =C
;=S (=R_ ;+ ;( =C(="X+( X;=S GESS==@=X_J + SXX+( X;+R+ X;X ;+ ]E[@(
(=SGES+ E0 ;=S 8RC(0X;+RQS 0ERX[C+ ([R=C8 ;=S XR\+@ X;RE[8; E[X; A+R="J
RC(0X;+R R+>+"X+( X;=S ]=S; =C ;=S @+XX+R' E\=E[S@_ \+R_ R[SL[+@_J NR[X;
E0X+C ;[RXS C( X;=S @+XX+R "ECX=C+( @EX E0 X;=S ?=C(J ;( ;=X 8RC(0X;+RQS
AESX S+CS=X=\+ SGEX ]=X; A_ C RC"=S"E @+XX+RJ E]+\+R' 8RC(0X;+RQS
R+G@_ S;E[@( R+A=C @] 0ER A+ "EC"+RC=C8 ;=S 4CC"+S (+SG=X+ =XS ;R(C+SS
C( (+SG=X+ X;+ =C>[SX="+S ];="; =X "ECX=C+(J (E CEX ;\+ X;+ R=8;X XE (=SGES+
E0 8RC(0X;+RQS 0ERX[C+ =C CEX;+R ]_ S ;+ ]CXS C+=X;+R +0ER+ CER 0X+R
;=S (+X;J +S=(+S A 0ERA=C8 [C=EC ]=X; X;+ +C8=C++R=C8 GRE0+SS=ECS
SE X+C(+R@_ X;X C =C\+SXA+CX' S=AG@_ X+C(=C8 XE SG+"[@X=\+ 8=C' ]E[@(
R[C "E[CX+R XE A_ G+RSEC@ =CX+R+SXSJ RC(0X;+RQS +AEX=EC@ SXX+' ];="; =S
+^GR+SS+( =C X;=S @+XX+R' A?+S A_ XR=G XE [REG+ C+"+SSR_J ;+RX<XE<;+RX
X@? "C R=C8 E[X' SE ;EG+' SEA+X;=C8 8EE(JO ER X;+ 4RSX X=A+ R@
+^GR+SS+( X;+ GESS==@=X_ E0 8E=C8 "? XE [REG+ C( CEX R[S;=C8 XE E[X;
A+R="J C X;+ C+^X (_ ;+ ]REX+ @+XX+R XE ;=S 8RC(0X;+RJ N X =S SXRC8+
=C @=0+J + [=@( L[=+X@_ C( S@E]@_ E[R G@CS' "ECS=(+R X;=S [=@(=C8 0ER X;+
(+"=S=\+ X;=C8S C( X;+C - 0X+ "EA+S @=?+ SXERA' C( (+SXRE_S @@ X;X ];=";
=S +(=0_=C8 C( SG+?S& SX_' =X =S SE' CEX X;+ EX;+R ]_' C( ]+ R+ RE[8;X
0ER]R( _ C =AG"X' ;E]+\+R' =C "EAG@+X+@_ (=1+R+CX (=R+"X=EC X;C ]+
+^G+"X+(JO
;+ R+[?+ E0 ;=S 8RC(0X;+R ;( ;[RX R@ \EC +R`8;= (++G@_J S
[S[@' ];+C SEA+E(_ ]S CEX E0 ;=S EG=C=EC C( ;+ "E[@( CEX +C0ER"+ ;=S E]C
]=@@' ;+ ""[S+( ;=S EGGEC+CX' E1+C(+( ;=A C( XR=+( XE G[X ;=A (E]CJ E @SE
;=S 8RC(0X;+R ];E ;( (EC+ SE A["; 0ER ;=AJ C (=R_ +CXR_ E0 "XE+R F5'
FDFZ' ]R=XX+C =C ;+ @@S' R+8EC' +SX E0 ERX@C( X X;+ E@[A= R=\+R'
;+ GE=CX+( E[X& N X =S S( X;X >[SX CE] SE ;R(' EGGES+(' =C(=8CCX 0++@=C8S
A[SX [R8+ A+ 8=CSX ;=A' =AA+(=X+@_ 0X+R ;=S DaX; =RX;(_ H=X ]S X;+
,DX;' X;+ [X;ERIJ E]+\+R' X;+S+ 0++@=C8S A[SX + +^GR+SS+(' EX;+R]=S+ ;\+
XE GG@_ 0ER"+ XE A_S+@0 C( X;+ XR[X;J + ;( +C>E_+( X;+ SE<"@@+( R+GES+ 0ER
0ERX_ _+RS C( ;( X+RRER=`+( ;=S 0A=@_T ]=X;E[X ?CE]=C8 =X ;+ ;S 8RCX+(
;=AS+@0 L[=+X S( +\+ E0 ;=S @=0+JP@@ ;[AC +=C8S R+ +SXSJQ ;=S =S ;=S
@SX R+SERXJ ;+ X;E[8;X E0 AEX;+RQS =C"ECSE@@+ +^=SX+C"+ =S (R+(0[@ 0ER
A+ C( @SE ;=S S+@0<]ERR_=C8 C( =XX+RC+SSJ ;+ "[S+ 0ER @@ X;X +"A+
<@M 2& ;$ L; FL4& 9$ $P&9LOF& I<
"@+R XE A+ XE(_' ];+C EC X;+ SX+A+R ;( XE 8=C C( 8=C X;=C? E\+R
@@ X;+ X;=C8S ];="; EX;+R A+ 8=CSX A_ ]=@@J + =S' ]=X;E[X C_ (E[X'
AC E0 ;=8; =CX+@@=8+C"+ C( =REC +C+R8_' [C"EAGREA=S=C8 SX[ERCC+SSJ
+ ;S "ECSXR["X+( ;=S @=0+]ER? ]=X; 0[@@+SX "ECS+L[+C"+ C( ]=X; ?++C @E8="'
SXEG - ;=S @=0+]ER?M C X;+ @SX AEA+CX' X X;+ `+C=X; E0 ;=S S[""+SS+S ;+ ;S
A(+ C +RRER C( ;+ R+@=+S ;+\=@_ EC X;=S +RRER XE(_& ;+ "ECS=(+R+( X;+
"R+X=EC E0 ;=S GRESG+R=X_ S ;=S @=0+]ER? C( CEX ]ER? ];="; ;S SX=S4+(
;=S @=0+J + ES+R\+( X;+ "EC\+RSX=EC' X;+ ]=S+ G@+S[R+ E0 @=0+ C( X;+ [S+0[@
GG@="X=EC E0 X;=S GRESG+R=X_ S X;+ "ECX=C[X=EC' CE' S X;+ "RE]C=C8 AEA+CX
E0 ;=S @=0+]ER? C( (+\EX+( XE =X' =C X;+ X=A+ XE 0E@@E]' @@ ;=S _+RSJ C(
@EE?' XE(_ ;+ SXC(S S;E"?+( +0ER+ X;+ C?R[GX"_ E0 ;=S =CX+CX=ECS' ;=S
]=S;+S' ;=S ;EG+SJ C( "R=( =XX+RC+SS ""EAGC=+( +"; E0 ;=S X@+CXS' +";
E0 ;=S X;E[8;XSJ CSX+( E0 +=C8 SER+( =C X;+ 0[RX;+R =CX+R+SXS E0 ;=S
GRE0+SS=EC' =C X;+ G;=@ESEG;="@ ]ER?=C8 [G E0 ;=S +^G+R=+C"+S' 0X+R X;+ +C(=C8
E0 ;=S @=0+]ER? GREG+R C( XE X=+ [G X;RE[8; X;R+(S' C( @]_S 8=C C+]
X;R+(S' ]=X; ;=S X=A+ C( ]=X; CX[R+' ;+ XEE? [G X;+ ESX=CX+' S+@4S;
G[RS[=X E0 ;=S G[R+ G+RSEC@ =CX+CX=ECSJ C( EC X;X X;+ ;GG=C+SS E0 ;=S E@(
8+ ;S 0=@+(& =CSX+( E0 ""EAG@=S;A+CX ;+ S++S "ECXR(="X=EC' =CSX+( E0
X;+ +^G+"X+( X;C?S' A=SXR[SXJ X =S S( XE S++ ;E] AC E0 +^"+@@+CX A+R=XS
C( +^"+@@+CX =@=X=+S SX+GS S S;(E] =CXE ]+@@<(+S+R\+( R+X=R+A+CXJ EER
AEX;+R' X;+ EC@_ "R+X[R+ ];E SX_S "ECX=C[E[S@_ X ;=S S=(+' GG+RS S
+^;[SX+( _ ;=S +X+RC@ 8@@' @EE(@+SS' C+R@_ 8;ESX@_ C( (+GR=\+( E0 ;+R
G+RSEC@=X_J REA X=A+ XE X=A+ S;+ ]++GS L[=+X@_ =CS=(+ ;+RS+@0' C( X;+C S;+
+RS =X 8=C =C (+SE@X+ (+\EX=EC' X;+ _E?+ E0 ;+R @+? @=0+/
REX+SX 8=CSX +"; GGRE";=C8 @=0+ (+SXRE_=C8 GE]+R' C( ]E[@( X;=S
GREX+SX GG+R +\+C S S;_ =C8RX=X[(+J EC+_ =S SEA+X;=C8' ;E]+\+R'
@=0+ =S +\+R_X;=C8' C( CE AEC+_ S"R=4"+ =C X;+ ]ER@( "C A?+ [G 0ER C
XX"? 8=CSX X;+ R=8;X E0 @=0+J
0 8RC(0X;+R ]E[@( ;\+ (+(="X+( ;=S X=A+ ([R=C8 ;=S R+X=R+A+CX XE ]ER?
X X;+ ]R=X=C8 (+S?' XE SX[(=+S EC X;+ GRE8R+SS E0 X;+ XE""E =C([SXR_' XE X;+
SXX+<+"ECEA="@ =AGERXC"+ E0 AECEGE@=+S' XE ]ER?=C8 E[X GREGES@S' X;C
;+ ]E[@( ;\+ ?+GX ;=AS+@0 @=\+@_ C( ]E[@( ;\+ (+\+@EG+( ;=S =C"R+S=C8
?CE]@+(8+ S C @X+RCX=\+ XE @@ E0 X;+ 4S"ES ];="; E""[G_ ;=A +^"@[S=\+@_
XE(_JO
X S++AS X;X R@QS 8RC(0X;+R ;(' =C ((=X=EC' SXEGG+( X;+ AEC+_
XRCS0+RS XE A+R="J X;+R]=S+' EC+ "CCEX [C(+RSXC( X;+ R[(+' [C>[SX=4+(
;X+ X=R(+S J
;+ ]+?C+SS E0 ";R"X+R E0 R+"X=C8 XE @@+8+( EGGES=X=EC XE ;=S E]C
EG=C=EC' ;=S ]=@@' ]S CEX EC ""E[CX E0 ;=S _E[X; [X RX;+R ;+ ?+GX X;=S
]+?C+SS ;=S ];E@+ @=0+J +"(+S @X+R ;+ E1+C(+( ;=S @=0+<X=A+ (=S"=G@+'

9& 8S 0O&GG L2L 24G 0F9$)L2&F 2$ $4G492&F4L&$ 248@ ;L ;97S L2&G& 2L&
L4F$&G =;49L L; L24G =;GG4474LS OL 7G; L2& )L L2L 2& QG G;8&L48&G 49 F&7
8;9&S LF;O7& 49 ;9GL9L49;=7& )L&F L2& $&L2 ;) 24G 0F9$)L2&F 49 <:<J# 73
L2;O02 0F9$)L2&F 2$ =F;84G&$ 248 0F&L 8;O9L ;) 8;9&S G $4GLF4OL4P&
G2F&@
IN <@ F7 P;9 &FT024EG 247$2;;$# ;OL2 9$ 24G ;$ L; FL4& 9$ 2&;FS
J S8RC(+ =C \+R_ R[(+ XEC+ ];+C S8RC(+ S?+( R@ E[X ]R=X<
=C8 ;=S [XE=E8RG;_J R@ [C(+RSXEE( X;=S ]=S; S C 1RECX 8=CSX ;=S
=@=X_ XE "ECX=C[+ ;=S S"=+CX=4" =C\+SX=8X=ECS C( ;+ XEE? R+\+C8+' "SX=C8
(E[X [GEC S8RC(+QS "EAG+X+C"+ 0ER (E=C8 R+S+R"; ]ER?J
C "XE+R F,' =C X;+ 0X+RCEEC' R@ \EC +R`8;= ;+(+( 0ER C RC<
"=S"E ]=X; X;+ SX+A+R !D!?J ;R++ (_S @X+R ;+ RR=\+( X E@(+C X+
C( C RC"=S"EJ ;+ G[RGES+ E0 ;=S \E_8+ XE C RC"=S"E +"EA+S +\=<
(+CX =C @+XX+R XE ;=S R+SG+"X+( 0R=+C( =C R`' RE0+SSER =XX+C[+R& NX
X;+ +C( E0 "XE+R X;+ @EC8 RE] E0 ]+SX+RC C( ]=@(<]+SX+RC ;_(R[@=" "EC<
SXR["X=ECS ;( ++C GSS+( C( "A+ XE C RC"=S"E ]=X; X;+ =CS=8;X
X;X "EC"@[(=C8 >[(8A+CX E[X X;+ \@[+ ER @"? X;+R+E0 E0 C+] ]ER?=C8
A+X;E(S' [C?CE]C XE A+' "CCEX + 0ERA+( 0REA ES+R\X=ECS C( EGX=A=SX=<
"@@_ "E@E[R+( =C0ERAX=EC @EC+J E1+R+( A_ S+R\="+SJ +"+=\+( E1+RS 0REA
"ECSXR["X=EC [R+[S' ;E]+\+R' CEC+ 0ER [=@(=C8S ]ER?J [X X;+R+0ER+ A_
"(+A=" +(["X=EC =CXE A_ GE"?+X C( ]+CX =CXE S+R\="+ S (R=@@AC X
[=@(=C8 S=X+ E0 8E\+RCA+CX @E"? X X;+ E@[A= R=\+R ]=X; @R8+ "E@<
@+"X=EC E0 ;+\_ (R=@@=C8 A";=C+S' SX+A S;E\+@S' SC( +^"\XERS' JJJ ;R(
C( (C8+RE[S [S=C+SSJO
C ;=S (=R_ ;+ SXR[88@+( 0ER X;+ R=8;X R8[A+CXS >[SX=0_=C8 ;=S (+"=S=EC
XE ]ER? S (R=@@ACJ +' S C "(+A="@@_ +(["X+( _E[C8 AC ]=X;
(E"XERQS X=X@+ ]+CX =CXE X;+ @E] GE=CXS =C @=0+J EX EC@_ X;+ 0"X X;X ;+ ;(
XE (E R+@@_ ;R( G;_S="@ ]ER?' [X ;+ @SE ;( XE @=\+ =C RE[8; SE"=+X_
E0 (\+CX[R+RS' @[A+R>"?S C( 0ERX[C+<;[CX+RSJ S [S[@' ;+ X[RC+( ]_
0REA ;=S (+"=S=EC _ (=S"[SS=C8' =C C SXR[S+ ACC+R EC AC_ G8+S' X;+
+(["X=EC E0 +C8=C++RS X X;+ +";C=S";+ E";S";[@+ C( "EC"@[(=C8 X;X
X;+ GRE0+SSERS C+8@+"X X;+ =CSXR["X=EC =C X;+ GR"X="@ S=(+ E0 X;+ +C8=C++R=C8
GRE0+SS=EC C( 0E"[S XEE A["; EC X;+ X;+ER+X="@ 4+@(J + "A+' 4C@@_' XE
X;+ R+@=`X=EC& N;+ \@[+ E0 X;+ +C8=C++R @=+S X;+R+0ER+ A=C@_ =C X;+ 4+@(
E0 X;+ R=8;X S+@+"X=EC E0 X;+ A";=C+ SXE"?' =C X;+ 4+@( E0 ER8C=`X=EC C('
=C GRX="[@R' =C X;X E0 X;+ +SX=AX+J @@ E0 X;+S+ X;R++ S=(+S E0 +C8=C++R=C8
R+ C+8@+"X+( X X;+ [C=\+RS=X=+S' X;E[8; X;+_' ;E]+\+R' R+GR+S+CX X;+ AESX
=AGERXCX X;=C8SJO
X X;+ +8=CC=C8 E0 E\+A+R' FDFZ' ;+ SXRX+( ;=S ;+\_ ]ER? X X;+
"ECSXR["X=EC S=X+ E0 +@=@E E"?S "@ES+ XE X;+ =8 ((_ RG=(SJ 0X+R X;+ 4RSX
\+R_ ;R( (_S X X;+ [=@(=C8 S=X+ ;+ ;( (>[SX+( XE X;+ S=X[X=ECJ NXRC8+'
;E] +"; S++A=C8@_ [C+R@+ S=X[X=EC "C + ERC CEX EC@_ ]=X; GX=+C"+
C( (=8C=X_ [X +\+C ]=X; R="; 8=C C( ;E] [C[S[@ "=R"[ASXC"+S GRE(["+
[C[S[@ ?CE]@+(8+J ]=@@ CEX 0ER8+X ]=X; ];="; 0++@=C8S ""+GX+( X;+ @"EC="
E1+R E0 RJ JJJ =C 0RECX E0 X;+ (EER E0 X;+ E2"+ [=@(=C8 EC R=C_ ;[RS(_
0X+RCEEC' ];+X;+R ]E[@( "RR_ (R=@@=C8 XEE@S 0REA X;+ G=X XE X;+ 0ER8+M
+ (E+S CEX ;\+ EX;+R ]ER? C( SX=@@ ;+ ]E[@( 8=\+ A+ X;+ EGGERX[C=X_
XE @+RC X;+ SX+A (R=@@ [S=C+SSJ ;+ ]_ 0REA AG F XE AG Y' +=8;X
?=@EA+X+RS @EC8' ]S =C(++( ]@? XE CESST ;E]+\+R' X;=S =C0ERAX=EC ]=X;
X;+ ""EAGC_=C8 =(+ E0 "RE](+( L[RX+RS C( RE[8; XR+XA+CX G[X A+ =C
<@M 2& ;$ L; FL4& 9$ $P&9LOF& IM
R+@ 8[@0 E0 "ECS=(+RX=EC C( A_ G!@ ]S E\=E[S@_ CEX \+R_ "EC\=C"=C8J
E]+\+R' C( X;=S =S X;+ A=C X;=C8' =X ]S S=( C( X;[S S]AJ [R=C8 X;+
C=8;X 0REA ;[RS(_ XE R=(_ S@+GX @R+(_ =C X;+ SA@@ ]EE(+C GRX=X=EC
JJJ C( =C R+@ S[R8+S E0 SCER=C8J
;+ 4RSX [C(_ S] 0ER A+ (+(+X' ]=X; SER+ @=AS C( S+R=E[S
(E[X ];+X;+R X;+ C+^X H[C(_I ]=@@ SX=@@ 4C( A+ @=\+ =C =8 ((_J E(_'
EC X;+ S+"EC(' A CEX EC@_ @=\+@_ [X ;\+ JJJ 0E[C( 8=C A_ 0A=@=R
;[AER C( 0++@ @=?+ ]=CC+R EC X;=S XX@+ 4+@( E0 S@X C( SX+AJ ;+
GE]+R E0 0CXS_ =S SX=@@ ]EC(+R0[@JO C( SEA+ (_S @X+R ;+ SXX+(& NE (_
]=X;E[X =C"=(+CX' A+RR_' ;R( "EAX 0REA S[CR=S+ [CX=@ (++G =CXE (]CJ
C( +"; (_ 0++@ SXREC8+R' 0R++R C( ;+@X;=+RJ _ (=SSE@[X+ @=0+ =C XJ
+X+RS[R8 GG+RS XE A+ @=?+ ";EX=" (R+AJ X =S R+@@_ SXRC8+J ;( XE
XR\+@ X;RE[8; ;@0 E0 X;+ ]ER@(J =X; R+SX@+SS' [CSX=S4+(' +X+RC@ (E[X=C8'
+X+RC@ 8R[A@=C8 SG=R=X 0REA X;+ (E@=C+S E0 X;+ ?RSX S;(E]+( _ ++";+S
C( 0REA X;+ ";[R";+S E0 EA+ XE X;+ R";=G+@8E E0 =C@C(' 0REA +^="E
XE C( X;RE[8; (+S+RXS' X;RE[8; "C_ECS C( E\+R AE[CX=CS' (=SSX=S4+(
C( S+R";+( @=?+ R@_@+QS =SX+R +[0+@S";R+"?; HMI' =C ER(+R XE 4C(' 4C@@_'
EC X;+ E@[A= +X]++C S@X C( SX+A X;+ "E[R8+ XE X;RE] +\+R_X;=C8
0REA A_S+@0 ];="; (E+S CEX +@EC8 XE A+ C( XE + A_S+@0JO
;+ ]ER? X X;+ [=@(=C8 S=X+ E0 =8 ((_ ]S CEX EC@_ ;R( [X @SE
+^XR+A+@_ (C8+RE[SJ X X;+ +8=CC=C8 E0 +"+A+R' R@ S"@(+( ;=S 0EEX'
];="; ]S \+R_ G=C0[@' C( E\+R X;+ C+^X (_S ;+ SG+CX X;+ +\+C=C8S =C +(
+"[S+ ;+ S[1+R+( @SE E0 (RAX=" 0+\+RJ C X;+ A=((@+ E0 +"+A+R X;+ G=C
]S SE SXREC8 X;X ;+ "E[@( CEX S@++GJ =C@@_ ;+ \=S=X+( X;+ (E"XER ];E SXX+(&
N;R++ (_S @X+R C( _E[R 0EEX ]E[@( ;\+ ++C @ESXJO C +"+A+R ZF' ;+
@+0X =8 ((_ ]=X; @=XX@+ S]++X A+@C";E@_ C( SG+CX X;+ R=C_ ;R=SXAS
;E@=(_S =C ERX@C(J SG+"=@ ";GX+R ;( "EA+ XE C +C( S R+S[@X E0 ;=S
=C>[R+( 0EEX - C( ;=S R+SX@+SS CX[R+ S ;+ =C(="X+( +R@=+R =C ;=S (=R_J =0+
=C ERX@C( GG+R+( XE ;=A @+?@_ SE+R C( ER=C8J C X;=S ([@@ AEE( ;+
S] CEX+ =C X;+ 4?2-2) ?!)42-2 E0 +"+A+R ZD' FDFZ' E[X X;+ (+X;
E0 ;EE' ^ \EC ) [@E]' (=SA+A+R+( _ XR=C' "@ES+ XE +CE' +\(J
N;=S GSS=EC "CCEX "EC"+=\+J ;+ GSS=EC E0 X;+ P+X=C8 E0 X;+ ]_Q' X;+
(=E@="@ A8=" GE]+R E0 X;+ P"@@ E0 X;+ R=@QJ JJJ ;+ +1+"XS E0 X;+ GSS=EC
R+ AER+ S;A+0[@ C( AER+ (+SXR["X=\+ X;C X;ES+ E0 EE`=C8J REA EC+ >=@
XE X;+ EX;+R' (+SG=S+( C( SX=8AX=`+(J C( X;+R+ S++A=C8@_ CERA@ ;[AC
+=C8S @+0X X;+=R L[=+X' "EA0ERX@+ ;EA+' =RR+S=SX=@_ XXR"X+( _ X;+ S=C8@+
X;E[8;X E0 X;+ P"@@ E0 X;+ R=@SQJ C( R[C =0 X;+_ R+ RE[8;X "? 8=C =CXE
X;+ "=\=@ @=0+J R+ X;+_ P]E[@(<+ 0RECX=+R A+CQ' ];E (+SG+RX+@_ ;EG=C8' [X
"EC4(+CX@_ GSS X;RE[8; X;+ @C( XE R+"; X;+ GR(=S+ E0 X;+=R (R+ASM S
X;+ ]C(+R=C8
+] GESS+SS+( X;+AM E X;+_ R[C =CXE X;+ X+RR=@+ @+?C+SS
E0 X;+=R E]C =CS=(+SM X =S GS_";E@E8="@ G[``@+JO + (=8+SX+( X;+ (+SG+RX+

;749&G F& )O99&73G2=&$ P4L4&G 49 L2& 6FGL@

877 F;6 4G79$G 9$ ;GL 74*G ;) L2& 69$49P49 9$ 4994G2 ;GL@
I/ <@ F7 P;9 &FT024EG 247$2;;$# ;OL2 9$ 24G ;$ L; FL4& 9$ 2&;FS
@=0+ E0 X;=S ;EE' ];E "RR=+( CE@+ CA+ S ;+ (=(' =C 0+X[R+ E[X
\8EC(SJ X S++AS X;X R@ ]S C^=E[S E[X S[1+R=C8 S=A=@R 0X+J
R@ \EC +R`8;=QS (++G (+GR+SS=EC' ];="; ]S' ]=X;E[X (E[X' =CX+CS=<
4+( _ C [C;GG_ @+XX+R 0REA @8 _@E1 0REA X;+ +8=CC=C8 E0
C[R_'
FDFY' ;=S 8R+X S+@0<(E[XS C( ;=S "EAG@+X+ SE@=X[(+ @SX+( [CX=@ X;+ +C( E0
C[R_' FDFYJ C
C[R_ Z7' ;+ "EC4(+( XE ;=S (=R_& N0X+R RE] E0 (_S =C
(++G+SX (+GR+SS=EC' =C (=S"E[R8+A+CX C( S+@0<XERX[R+' QA S =0 XRCS0ERA+(J
]S 0R++ EC@_ 0ER X]E GESS==@=X=+S& XE (E[@+ X;+ S+@0<"EC4(+C"+ ER XE "E@@GS+
[CX+C@_J ;+ 0++@=C8 XE =CX+C( XE ]ER? C( =C=@=X_ XE (E X;=S' X;+ 0++@=C8
E0 [C+AG@E_A+CX' =S (R+(0[@ C( =X R+L[=R+S A["; S+@0<"EC4(+C"+ =C ER(+R XE
?++G X;+ ;+( [G C( XE @EE? RE[C( CX[R@@_ S =0 @@ X;=C8S R+ =C ER(+R JJJ'
X;+ S+@0<@EX;=C8 @+(S XE @"E;E@ C( X;+ S;=G]R+"? =S R+(_JO R@ XR=+( XE
E\+R"EA+ ;=S (+GR+SS+( AEE( _ ]R=X=C8 +SS_S' XX+C(=C8 @+"X[R+S C( \=S=X<
=C8 X;+X+R G+R0ERAC"+SJ C X;=S G+R=E( ;+ ]REX+ C+R@_ X]+CX_ CEC<X+";C="@
+SS_SJ ;+ S[>+"XS E0 X;+S+ +SS_S ]+R+' =C GRXS' \+R_ (=1+R+CX' 0REA N=+
C+[+ +AE?RX=+O H;+ +] +AE"R"_I XE A+R="QS "EAA+R"=@=SAJ =S
+SS_S R+A=C+( AESX@_ [CG[@=S;+(J @X;E[8; X;+_ "ECX=C+( SEA+ \@[@+
X;E[8;XS' ;=S XR+XA+CX E0 X;+ (=1+R+CX S[>+"XS ]S [CSX=S0"XER_ =C SEA+
R+SG+"XST X;+ XR+X=S+S ]+R+ XEE ]ER(_ C( ;[AER@+SST X;+_ ]+R+ SEA+X=A+S
"ECSXR["X+( =C S["; ]_ X;X SEA+ GRXS ]+R+ (+S"R=+( =C 0[@@ ];=@+ EX;+RS
]+R+ EC@_ R=+0' C( SEA+X=A+S ;=S XR=C E0 X;E[8;X 8EX @ESXJ ER+E\+R' =X
S++AS X;X X;+ RC8+ E0 X;+A+S ]+R+ [C=CX+R+SX=C8 0ER AC_ G[@=S;+RSJ
C +(C+S(_'
C[R_ ZZ' FDFY' R@ \EC +R`8;= XX+C(+( @+"X[R+
E[X S+CQS !? 40/@#!-2 HC+A_ E0 E"=+X_IJ + ]S CEX \+R_ A[S+(
E[X X;+ X@?T N (R_' AER@=`=C8 C( SEA+X=A+S ER(=CR_ GX;+X=" SXX+A+CX
E0 "ECX+CXS ]=X; =C\+"X=\+S 8=CSX X;+ PS@EECQ ";R"X+R C( 8=CSX X;+ R+SX<
@+SS@_ "X=C8 \AG=R+ E0 SE"=+X_ PC( ]+ R+ (R+A=C8' (R+A=C8' (R+A=C8'
C( EC"+ ];+C ]+ ]?+ [G' =X ]=@@ + XEE @X+/QJO
C X;+ +\+C=C8 ;+ \=S=X+( X;+ X;+X+R G+R0ERAC"+ !A!? ?-11>@ !AC?2
];="; ]S R+@@_ +C>E_@+ 0ER ;=AJ NEC\=C"=C8 R+GR+S+CXX=EC E0 X;+ [C"EC<
S"=E[S R+@X=EC +X]++C (+"+S+( AC C( A+C E0 ;=S E@( S[RRE[C(=C8S JJJ
"? E0 (=S"=G@=C+ E0 X;+ [(=+C"+J E] GR=A=X=\+ X;+ X;+X+R =SJO
C R";' FDFY' ;+ S] X;+ [C0ER8+X@+ "XR+SS R; +RC;R(X =C
G+R0ERAC"+ E0 X;+ G 4# A+! 1!0-@ C( ]S \+R_ =AGR+SS+( C( AE\+(
_ ;+R "X=C8 C( @X+R (=S8[SX+( _ ;+R GRE0+SS=EC@=SAJ NR; +RC;R(X =S
E@( C( ;S "EA+ (E]C 0REA X;+ X;+X+R E0 ;+R \="XER=+S' X;+ ;+X+R RC$"=S
XE X;+ \[(+\=@@+ X;+X+RJ +\+RX;+@+SS' ];E "C ]=X;SXC( X;+ GE]+R E0 ;+R
"X=C8J ;X ]S CEX EC@_ C "XR+SS ];E "X+( 0ER [S X;+ (+X; E0 X;+ @(_
E0 X;+ "A+@=ST X;=S ]S (_=C8 G+RSEC ];E S[1+R+( [CSG+?@_ +0ER+ E[R
+_+S' =C ];EA X;+ 0(=C8 @=0+ (+SG+RX+@_ SXR[88@+( ]=X; X;+ [C(=A=C=S;+(
@E\+<GSS=EC E0 X;+ _+RC=C8 C( (+S=R=C8 ]EAC JJJ ;+C X;+C' 0X+R X;+
0S"=CX=C8 [C=0_=C8<S"+C+ X;+ [C\E=(@+ E""[RR+(' X;+ ""=(+CX A[SX ;=X
"XR+SS C( SG+"XXER ]=X; X;+ SA+ ;R(C+SSJ-
<@M 2& ;$ L; FL4& 9$ $P&9LOF& I-
E]+\+R' CEJ C+ A=C[X+ ;( R+@_ 8EC+ C( X;+ "[RX=C R=S+( =XS+@0
8=C C( EC X;+ SX8+ 0+A@+ AECSX+R GG+R+( ]=X; SL[+?_ \E="+ C(
S="?+C=C8 "EL[+XR_ C( L["?+( S_=C8& P;+ ]S C="+ - ;+ ]S C="+ - ;+ ]S
C="+ - ;+ ]S C="+ - [X ;+ ]SCQX X;+ AC 0ER A+Q C( ]=X;E[X GREX+SX
C( ]=X;E[X =C(=8CX=EC @=?+ ;+R( E0 SX[G=( (EA+SX=" C=A@S X;+ [(=+C"+
R+A=C+( S=XX=C8 C( ";+]+( 0[RX;+RJ R=GG+( [G A_ GRE8RA =C SA@@ G=+"+S
=C R8+ C( ]+CX ]_ S 0SX S "E[@(JO
+SG=X+ @@ ;=S 0R++<X=A+ "X=\=X=+S ;+ SX=@@ R+A=C+( (E]C<;+RX+(J C<
+AG@E_+(' ;=S R+@X=EC XE ;=S 8RC(0X;+R SXR=C+( C( 0R ]_ 0REA @8
_@E1 ;+ ]S R+@_ A?=C8 @=\=C8J + R+"E8C=`+( X;X ;+ ;( @SE 0=@+(
XE SE@\+ X;+ XS? ];="; ;+ ;( 0ERA[@X+( X X;+ +8=CC=C8 E0 ;=S +^"[RS=EC
X;RE[8; X;+ E[X;]+SX' +SX C( ERX;]+SX' CA+@_ XE "R+X+ [C=L[+ R+@<
X=ECS +X]++C X;+ 8+E@E8="@ ";R"X+R C( X;+ [=@(=C8<X+";C="@ +;\=ER
E0 SE=@ C( RE"?SJ ER+E\+R' =X S++AS X;X ;=S 8RC(0X;+R ;( =CX+RR[GX+(
;=S R+A=XXC"+S C( X;X R@ ]S 0ER"+( XE X?+ +\+R_ ?=C( E0 ]ER? XE +RC
AEC+_J C R"; V'FDFY' ;+ +^GR+SS+( ;=S ]ERS+C=C8 S=X[X=EC =C @+XX+R XE
RE0+SSER =XX+C[+R& N A +^G+R=+C"=C8 X;+ AESX A=S+R@+ G+R=E( E0 A_
+CX=R+ @=0+ SE 0RT [C+AG@E_+( C( A_ A=C( (=\=(+( C( XERX[R+( _ (E[XSJ
(@_ ;\+ XE "EC0+SS X;X X;E[8;XS E0 ;EA+ 4@@ A+ ]=X; =C(=8CX=EC' 0R
]_ X ;EA+ X;+_ 8R=+\+ E\+R A_ +^=SX+C"+ =C S+@4S;' SA@@<A=C(+( ]_'
C( A_ "EAA[C="X=EC ]=X; X;+A =S @=A=X+( XE (R_' 0"X[@ R+GERXSJ E]
A+C' [C=AGERXCX X;+ S+"[R=X_ E0 A_ +^=SX+C"+ =S ];+C ;\+ @ESX ];X
AESX \@[+(' A_ +@=+0 X;X +C8=C++R=C8 =S X;+ AESX @+SS+( GRE0+SS=EC' C(
X;+ GR+\=@=C8 ;_GE"R=S_ 4@@S A+ ]=X; (=S8[SXJ \+C @E\+ 0ER ";=@( "CCEX
;E@( [G 8=CSX X;+S+ 0++@=C8SJ ;\+ RE?+C E1 @@ "ERR+SGEC(+C"+' ]=X; X;+
+^"+GX=EC E0 X;X ]=X; A_ (+R 0R=+C(' RSJ RJ EX`+"?' +"[S+ (E CEX
]=S; XE =C\E@\+ EX;+RS =C A_ (+GR+SS+( SXX+ E0 A=C(' C( ]=S; XE \E=( X;+
G=C =C6="X+( _ C =C(=1+R+CX S;R[8 E0 X;+ S;E[@(+RS' ]=X; ];="; +\+C E@(
0R=+C(S R+ R[S;+( E1 [C(+R S["; "=R"[ASXC"+SJ ;\+ CE EC+ ;+R+' EC@_
X;+ SX[ERC (+"=S=EC XE ?++G 8E=C8' C( CEX XE @+\+ X;+ C=X+( XX+S [CX=@
;\+ R+8=C+( A_ E@( "EC4(+C"+ =C C+] 0ERAJO
C R";' FDFY' ;+ @SE =CX+RR[GX+( ;=S +CXR=+S =C ;=S (=R_ C( ;+ XEE?
X;+A [G 8=C ];+C ;+ ]S @R+(_ EC ;=S \E_8+ ;EA+ =C +"+A+R' FDFYJ
=S SG=R=XS ]+R+ R=S+( 8=C 0REA X;+ (+GX;S ];+C ;+ +"A+ "L[=CX+(
=C X\+RC ]=X; C R";=X+"X ];E ]S ;\=C8 (=2"[@X=+S ]=X; X;+ SXR["X[R@
(+S=8C E0 ";[R"; "[GE@J EC +R`8;= XEE? E\+R X;+ >E S (+S=8C+R
+"[S+ ;+ ]S 0A=@=R ]=X; X;+ GRE@+A X;RE[8; ;=S (=SS+RXX=ECJ ER+E\+R'
X;RE[8; X;+ C+8EX=X=EC E0 X;+ R";=X+"X ;+ 8EX X;+ GES=X=EC E0 C +C8=C++R 0ER
X;+ 0E[C(X=EC E0 @R8+ [=@(=C8S 0ER X;+ ERX@C( S C( E?+ EAGC_
EC X;+ =@@A+XX+ R=\+RJ [RX;+RAER+ R@ \EC +R`8;= @+RCX X;+ (+X=@S
C( A+";C="S E0 SE=@ +^"\X=EC [S=C8 GE]+R0[@ ]X+R ;ES+S ]=(+@_ [S+( =C
X;+ C=X+( XX+SJ
+ +^GR+SS+( ;=S R=S=C8 SG=R=XS =C @+XX+R E0 E\+A+R 5' FDFY' XE RE0+SSER
=XX+C[+R& NE(_ A_ "E[R8+ =S 8=C S 0R+S; C( (S;=C8 S X;X ];+C
IJ <@ F7 P;9 &FT024EG 247$2;;$# ;OL2 9$ 24G ;$ L; FL4& 9$ 2&;FS
]S X]+CX_<X]E _+RS E@(J ;X X X;X X=A+ ;( ++C @=\+ "EC"+RC=C8
8EE( X;=C8S =S XE(_ +\+C AER+ @=\+JO C( 0[RX;+RAER+& NJJJ' X;X ;\+
@SE ]EC X;RE[8; ;+R+' =C ;R( "E[CXR_ C( =C ;R( X=A+S' ;\+ @+RCX
0REA 0R=+C(S C( 0E+S C( X;X ]=@@ @+\+ X;+ "E[CXR_ S ]+?+R' AER+
R=8;X+E[S' GR[(+CX=@ AC X;C ];+C ]S G@"+( =C X;=S "E[CXR_ X]E _+RS
8EJO =C@@_' ;+ CCE[C"+( ;=S ]=S; XE "EA+ XE [REG+J N;X ]=@@ \=S=X
[REG+ +0ER+ (=SGG+R XE E[X;<A+R="' A_ REX;+R<=C<@] ;S GRE@_
@R+(_ XE@( _E[JO
E] ;=S S+"EC( ]=0+ [X; S] ;=S +^X+C(+( SX_ =C X;+ C=X+( XX+S
"C + R+( 0REA ;+R @+XX+R E0 +"+A+R FY' FD,D' XE X;+ [X;ER& NE@@E]=C8
;=S ]ER? ]=X; X;+ [R+[ E0 +"@AX=EC (+S"R=+( _ JJ ' ;+ SG+CX
SEA+ X=A+ =C E[R SE[X;]+SX' ];+R+ ;+ +\+C R=+6_ "ECS=(+R+( S+XX=C8 [G =C
[S=C+SS S (X+ 0RA+R H 8EX X;=S SXER_ 0REA @@' XE A_ 8R+X S[RGR=S+' S
;+ C+\+R S++A+( XE ;\+ C_ =CX+R+SX =C 8R="[@X[R+ E0 C_ ?=C(IJ X+R' ;+
]+CX XE +^="E' G[X AEC+_ =CXE "ECSXR["X=EC [S=C+SS C( @ESX +\+R_X;=C8
S R+S[@X E0 X;+ +^="C R+\E@[X=ECJ +^X "A+ X;+ CERX;]+SX C( ;=S ]ER?
S (R=@@+R' 0E@@E]+( _ >E S (+S=8C+R 0ER +=X;+R C R";=X+"X[R@ ER
"ECSXR["X=EC 4RAJO
;+ ;=CX X;X R@ @ESX @@ ;=S AEC+_ A_ + X;+ "[S+ 0ER X;+ (++G
(=S"ER( ]=X; ;=S 8RC(0X;+RJ X A_ @SE + ;=CX X;X ;+ ;( \=S=X+( @8
_@E1 ([R=C8 X;+ S[AA+R E0 FDFZ S GREA=S+( =C +] ER?J
C +"+A+R D' FDFY' R@ \EC +R`8;= @+0X X;+ C=X+( XX+S EC ER(
X;+ R+@X=\+@_ SA@@ [SXRE<A+R="C SX+AS;=G ?)!2A-2' CA+ ];=";
"ECX=C+( S@=8;X =REC_J ;+R+ ]+R+ EC@_ 0E[R G+EG@+ XR\+@@=C8 4RSX "@SS C('
]=X; RJ J' +RAC S;=GQS (E"XER' ;+ (+\+@EG+( "@ES+ R+@X=ECS;=G C( ;+
S] =C ;=A G=+"+ E0 ;EA+J ;+ \E_8+ XE R=+SX R+L[=R+( X;R++ ]++?SJ S
R+S[@X ;+ ;( X=A+ C( @+=S[R+ XE X;=C? E\+R +"ECEA="S' S"=+C"+ C( +X;="SJ +
]REX+ (E]C' GRX@_ EC ER(' GRX@_ =C R`' ;=S GS+[(E<G;=@ESEG;="@ =(+S
=C ;=S (=R_J C +] +R' FDF7' ;+ ]S "? =C R`J =S +1ERXS' ([R=C8 X;+
C+^X AECX;' XE GG@_ X;+ 8R+X +^G+R=+C"+ 8=C+( =C X;+ =C R8+CX=C=+C'

FL2OF G0F9$& QG ;F9 49 4$&9G2)L >;OL2 SF;7# OGLF4? ;9 O0OGL#
<:UN@ )L&F 2& 2$ =GG&$ L2& 7&8&9LFS 9$ ;8=7&L&$ L2& &7 2;;7 49 49T#
F4&GL# 9$ 4&99 2& &9L&F&$ L2& &294G2& ;2G2O7& 49 4&99 49 <:<: 49
;F$&F L; GLO$S 4P47 &9049&&F490@ OF490 24G 7GL S&F 49 L2& &294G2& ;2G2O7&
2& QG 9 OR474FS GG4GL9L L; F;)&GG;F 2*&F96 9$ )L&F 24G 0F$OL4;9
24G GG4GL9L@ 2& $ ,9947 ;9$4L4;9G L L2& &294G2& ;2G2O7& );F&$
248 L; 0; L; L2& 94L&$ LL&G Q2&F& 2& FF4P&$ ;9 =F47# <:NJ@ & ;L49&$
=;G4L4;9 G $F)LG89 );F F9&04& L&&7 9&F &QF6# &Q
&FG&S@ ;;9 2& 8&L
F7 P;9 &FT024 9$ &8& 24G GG4GL9L L @ @@
9 <:N:# 2& Q&9L Q4L2 P;9 &FT024 L; 4&99 L; &AO4= G;47 8&294G 73
;FL;FS 9$ F&LOF9&$ L; @ @@ 49 <:MU@ 9 <:M< 2& QG ;*&F&$ ;9&327)3L48&
7&LOF&G24= L FPF$ 9$ 49GL77&$ 9 &*&L4P& L&2490 =F;0F8 $OF490 L2&
9&RL S&FG@ 9 <:M/ 2& QG =F;8;L&$ L; GG4GL9L F;)&GG;F# 49 <:/U L; GG;4L&
F;)&GG;F 9$ 49 <:/J 2& &8& ;F$;9 S F;)&GG;F ;) ;47 &294G@
FL2OF G0F9$& QG L4P& 49 89S ,&7$ ;) 0&;L&294AO&@ & =O74G2&$
8;F& L29 IU ==&FG 9$ &$OL&$ 24027S AO74,&$ =&FG;9G );F L&2490# F&G&F2
9$ =FL4&@
<@M 2& ;$ L; FL4& 9$ $P&9LOF& II
F7 P;9 &FT024 F7 P;9 &FT024

49 ;FL79$# F&0;9# <:<M L 0& N:
0=@+( +"[S+ E0 S+\+R+ "R=X="@ [S=C+SS (+GR+SS=ECJ @SE ;=S G@C XE 0E[C(
"ECSXR["X=EC 4RA ]=X; X]E GRE0+SS=EC@ "E@@+8[+S ]S 0E=@+( _ X;+ E[XR+?
E0 ER@( R J
+ "ECX=C[+( ;=S GS+[(E<G;=@ESEG;="@ "ECS=(+RX=ECS' =C GRX="[@R EC
X;+ E[XR+?=C8 ]R C( R+@X+( GRE@+AS @SE =C XJ ) E@X+C' ];+R+ ;+ ]S
E\=E[S@_ EC \"X=EC' =C [8[SX C( =C =+CC +[SX(X =C E\+A+R C(
+"+A+RJ + @=\+( X;+R+ =C X;+ ;E[S+ E0 @8QS GR+CXSJ C+ "C EC@_ 8[+SS
X;X X;+ R+@X=ECS;=G XE ;=S 8RC(0X;+R ]S SX=@@ SXR=C+( C( X;X ;+ SX_+(
=C =+CC +[SX(X 0ER X;=S R+SECJ C+ (E+S CEX @+RC C_ ;=CX 0REA ;=S
(=R_ C+=X;+R 0REA ;=S (=@_ @=0+' C( C+=X;+R ;=S R+@X=ECS;=G XE ;=S 0A=@_ =C
R` CER E0 @8 _@E1QS 0X+J
0X+R ;=S ( +^G+R=+C"+S =C X;+ @SX AECX;S E0 ;=S SX_ =C ERX; A+R="
C( ;=S R+X[RC XE [REG+ X X;+ +C( E0 FDFY' R@ \EC +R`8;= ]S G@+S+(
XE "EA+ "? XE X;+ ]ER@( E0 E@( [SXR=' @X;E[8; SEEC X;=S E@( [SXR=
]E[@( + 8EC+ C( ;+ ]E[@( + 0ER"+( XE 0"+ C+] ";@@+C8+SJ
;+ E@( [SXR=' X;+ S[R8 AECR";_' ]S R+ACCX 0REA X;+ GSX'
X;+ EC@_ CEC<CX=EC@ SXX+ =C X;+ +R E0 CX=EC@=SA H CC' FD5,IJ ;+ GE@=X<
="@ "E@@+"X=EC E0 @C(S"G+S C( (=1+R+CX G+EG@+ CA+( [SXR= ]S ;E]+\+R'
CEX "R+X+( _ G[R+ ";C"+J C+ "E[@( @=\+ GR+XX_ ]+@@ =C E@( [SXR= ([R=C8
X;+ @SX (+"(+S [C(+R X;+ R+=8C E0 AG+RER RC`
ES+G;J ;+R+ ]S =C<
"R+S=C8 GRESG+R=X_ C( @+8@ [C=X_J ;+ "[@X[R+ ]S A+R+@_ +RAC' X;E[8;
SG+"=@ ?=C( E0 +RAC' EG+C+( XE X;+ =C6[+C"+S E0 X;+ SE[X; C( SE[X;+SX
I' <@ F7 P;9 &FT024EG 247$2;;$# ;OL2 9$ 24G ;$ L; FL4& 9$ 2&;FS
2& FF&GL&$ GGGG49 PF47; F49!4=
C( 0+( _ E@( "ESAEGE@=XC XR(=X=ECJ +S=(+S X;X' X;+ SXR=\=C8 E0 X;+ SA@@
+X;C=" 8RE[GS 0ER S+@0<R+@=`X=EC ;( ++C 8RE]=C8 SX+(=@_& X;+ `+";S' X;+
E@+S' X;+ [C8R=CS C( X;+ REXSJ CX;REC+( E\+ ;=S G+EG@+' X;+ A<
G+RER' AC 0REA @+8+C(R_ GSX' X;+ _E[C8 AC E0 X;+ "E[CX+RR+\E@[X=EC
0REA F,7,' ;( +"EA+ E@(' +^G+R=+C"+( C( G+SS=A=SX="J ;+ G+EG@+ @E\+(
ER (A=R+( ;=A 0ER ;=S SXR="X @=0+<SX_@+' ;=S (=8C=4+( GG+RC"+ C( ;=S @E_@
]ER?J C( X;+ G+EG@+ @=?+( =+CC& -@!?E0H!? C( 2 !? @+42!2 0C!2
42C' X;+ E2"+RS C( X;+ SE@(=+RS E0 X;+ ?J[J? RA_' E0R) X+ C( EA<
A+R`=@R)X+' [R8X;+X+R C( EG+R' X;+ GE+AS E0 [8E \EC E0ACCSX;@'
R=";' CE@+ C( ;+\=@_ =CX+@@+"X[@' X;+ (RAS E0 RX;[R ";C=X`@+R' X;+ 0<
AE[S S"=+CX=SXS =C A+(="=C+ C( G;_S="SJ E] "E[@( X;=S ]ER@( CEX @SXM ;_
(=( X;+ (=SSX+R SXRX >[SX ;+R+' ];="; ";C8+( [REG+ SE (++G@_M C( =X
;GG+C+( SEEC' @X;E[8; X;+ [SXR=C SXX+ ;( AC_ @=+R@ C( XE@+RCX
";R"X+R=SX="SJ E]+\+R' X;+R+ ]S @SE @EX E0 ;X+ =C =+CC' =C X;+ S[R<
RE[C(=C8S C( =C EX;+R GRXS E0 E@( [SXR=J X+ E0 AC_ G+EG@+ 8=CSX
+]S' ;X+ E0 X;+ E[R8+E=S=+ XE]R(S X;+ SE"=@<(+AE"RXS' ;X+ +X]++C X;+
+RACS C( X;+ @\S EC +=X;+R S=(+' A[X[@ ;X+ +X]++C @ES+RS C( X;+
R=";J
;+ +RAC CX=EC@=SA =C =XS A=@(+R 0ERA ]CX+( XE ?++G X;+ +RAC
";R"X+R E0 X;+ ];E@+ SXX+ C( XE SXR+C8X;+C =XT =C =XS S;RG+R 0ERA =X ]S
GR+GR+( XE (=S=CX+8RX+ X;+ AECR";_ C( XE S++? C CC+^X=EC _ X;+
+RAC +=";J E]+\+R' X;+ =CX+RC@ "EC6="XS ]+R+ CEX SE SXREC8 S XE ";C8+

4G&F742 O9$ 6%
;940742 >48=&F47 9$ F;S7?
<@M 2& ;$ L; FL4& 9$ $P&9LOF& I:
X;+ S=X[X=EC =C [SXR= (+"=S=\+@_J X ]S ;+R 0ER+=8C GE@="_ ];="; 4C@@_
RE[8;X E@( [SXR= XE C +C(J
C
[C+ Z,' FDF7' X;+ [SXR=C S[""+SSER XE X;+ X;REC+ C( ;=S ]=0+ ]+R+
SSSS=CX+( =C R>+\E _ SE[X;<S@\=" CX=EC@=SXSJ [SXR= @A+( +R=
0ER X;+ SSSS=CX=EC C( S+CX S;RG [@X=AX[A XE X;+ +RS' 0X+R +RAC_
;( +CS[R+( =XS "EAG@+X+ S[GGERX 0ER [SXR=QS "X=ECSJ +R= ""+GX+( X;+
A=C GRX E0 X;+ [@X=AX[AJ X (+"@=C+(' ;E]+\+R' X;+ A=C "EC(=X=EC' CA+@_'
XE @@E] [SXR=C [X;ER=X=+S XE =C\+SX=8X+ X;+ "?8RE[C( E0 X;+ SSSS=C<
X=EC =C +R=J ;+ 0E@@E]=C8 [SXRE<[C8R=C (+"@RX=EC E0 ]R EC +R=
EC
[@_ Z, "[S+( [SS= XE X?+ +R=QS S=(+ C( XE SXRX AE=@=`X=ECJ ;=S'
=C X[RC S+X E1 E\+R<;SX_ (=G@EAX=" C( A=@=XR_ SX+GS =C +RAC_' ];=";
(+"@R+( ]R EC [SS= C( RC"+ X X;+ +8=CC=C8 E0 [8[SX' FDF7J ;+
=CX+RCX=EC@ S_SX+A E0 @@=C"+S L[="?@_ "[S+( EC+ (+"@RX=EC E0 ]R 0X+R
X;+ EX;+RJ +RAC_' [SXR=<[C8R_' [R?+_ HE\+A+R' FDF7I C( [@<
8R= H"XE+R' FDF5I >E=C+( XE 0ERA X;+ SE<"@@+( !2A?0 4E!?@J C X;+
EX;+R S=(+ X;+ 2A!2A! >E=C+(' R+X R=X=C'
GC' X@_' RC"+' [SS='
0REA FDFU X;+ C=X+( XX+S' C( AC_ EX;+R "E[CXR=+SJ
@R+(_ EC +"+A+R Z' FDF7' [SXR=C SE@(=+RS ]+R+ S[""+SS0[@ EC X;+
@?C 0RECXJ ;+_ E""[G=+( +@8R(+J E]+\+R' X;+ +RS G[S;+( "? X;+
[SXRE<[C8R=C RA_ +;=C( X;+ C[+ C( \+ =C X;+ A=((@+ E0 +<
"+A+RJ [SXR=<[C8R_ @ESX ZZU'aaa A+C H(+(' =C>[R+( C( "GX[R+(I E[X
E0 X;+=R 75a'aaa A+C =C "EAX 8=CSX X;+ +RSJ ;+ A=@=XR_ 0=@[R+S ;[RX
X;+ R+G[XX=EC E0 [SXR=<[C8R_ "ECS=(+R@_J =RSX _ +RAC<[SXR=C<
[@8R=C XX"? X;+ +CXR@ E]+RS ]+R+ S[""+SS0[@ C( "GX[R+( +@8R(+
=C "XE+R' FDF5' C( S[S+L[+CX@_ +R=' ECX+C+8RE C( @C=J C "<
XE+R' FDF5' XREEGS 0REA R+X R=X=C C( RC"+ @C(+( =C @EC=?= C(
EG+C+( C+] 0RECX =C "+(EC=J [R?+_ "E[@( CEX S[GGERX [SXR=<[C8R_
\+R_ A[";J X ;( @SX=C8 S[""+SS EC@_ =C X;+ ["S[S E[CX=CS 8=CSX
[SS=J 0X+R \="XER=+S X X;+ +8=CC=C8 E0 X;+ ]R =C RL 8=CSX R=X=S;
XREEGS' X;+ [R?=S; XREEGS ;( XE R+XR+X C( X;+ R=X=S; SE@(=+RS "GX[R+(
8;((J ER+E\+R' =C FDFUWF, @+SX=C+ C( _R= ]+R+ E""[G=+(J E]+\+R'
R=X=S;<R+C"; R+?X;RE[8;<XX+AGXS =C X;+ R(EC+@@+S ]+R+ =C \=CJ 0X+R
X;+ RA=SX="+ E0 [(RES =C FDF,' R++? XREEGS E""[G=+( A_RCJ
R@ \EC +R`8;= 8EX =C\E@\+( =C ER@( R S 4RSX @=+[X+CCX X X;+
+8=CC=C8 E0
C[R_' FDF5J
C +"+A+R ZZ' FDF7' ;=S (R0X GG+RS ]+R+ S+CX XE ;=S =+CC +[SX(X
((R+SS ]=X; X;+ ER(+R XE "EA+ XE =+CC =AA+(=X+@_J C
C[R_ V' FDF5' ;+
SS[A+( ;=S ([X=+S =C R+;+RQS ++R;@@ =C =+CC' 0X+R ;+ ;( G[X XE8+X;+R
;=S @[888+ 0ER X;+ "AG=8CJ + ;( XE 0ERA C(SX[RA H\+X+RC R+S+R\+I
XX@=EC ";R8+( ]=X; [=@(=C8 XR+C";+S' 0ERX=4"X=ECS' RE(]_S C( R=(8+S
X X;+ +R=C 0RECX =C 0RECX E0 +@8R(+J N _ +^G+R=+C"+S E0 AC_ _+RS
=C XR+X=C8 C( ER8C=`=C8 ASS+S E0 ]ER?+RS @R+(_ ;+@G+( A+ =C R+;+RQS
++R;@@J AA+(=X+@_' G[X X;+ [CR[@_ ER =CXE^="X+( +@+A+CXS =C X;+=R G@"+'
0ER"+( X;+ "X=\+ XREEGS XE G+R0ERA X;+=R ([X_ ]=X; X;+ SA+ 0ERA@=X_ C( X;+
'U <@ F7 P;9 &FT024EG 247$2;;$# ;OL2 9$ 24G ;$ L; FL4& 9$ 2&;FS
SA+ G[C"X[@=X_ S "EAGC_ =C R+(=C+SS 0ER AR"; C( "@@+( X;+ \+X+RC
R+S+R\+QS XX+CX=EC ]=X; SG+"=@ +AG;S=S XE X;+ ]R RX="@+ 0X+R S]+R=C8 =C
X;+ "E[RX E0 R+;+RQS ++R;@@J S[""++(+( =C R=C8=C8 X;+ "EAGC_ E0 ZVa
A+C XE X;+ L[RX+RS =C 8EE( ER(+R' JJJO ER+E\+R' S;ERX@_ +0ER+ X;+ (+GRX[R+
XE X;+ 0RECX' R@ \EC +R`8;= "RR=+( E[X @@ X;+ =C\@=(S _ ;=AS+@0' +"[S+
X;+R+ ]S CE (E"XER \=@@+J C X;+ A=(SX E0
C[R_' FDF5' ;+ @+0X ]=X; 7
"EAGC=+S HE[X F'aaa A+CI 0REA X;+ R=@]_ SXX=EC =+C+R +[SX(X'
=+CC C( ;+(+( ]=X; X;+ XR=C HYZ ]8ECS 0ER X;+ ]ER?+RS' F ]8EC 0ER
X;+ E2"+RSI XE [C8R_J ;+ R=(+ ]S \+R_ SXR+C[E[S C( =C GRXS (@_
ER8C=`+(J C >\=(+? HE\= (I' 0ER +ÂG@+' X;+ "EAGC=+S ;( XE @+\+
X;+ XR=C (+SG=X+ R@ \EC +R`8;=QS GREX+SXJ [RX+RS ]+R+ CEX \=@@+J +
;( XE @+( X;+ SE@(=+RS XE 0R++ G@"+ ];+R+ X;+_ ;( XE ]=X 0ER AC_ ;E[RS
=C 0EEX<(++G A[(' (+CS+ SCE] 6[RR=+S C( (R?C+SS 0ER 0[RX;+R ER(+RSJ C_
E0 X;+ G+EG@+ ;( ]ERC "@EX;=C8 C( XERC S;E+ST S+\+R@ ]+R+ S[1+R=C8 0REA
+^GES[R+ C( EX;+R (=S+S+S @R+(_ ([+ XE X;+ SXR+C[E[S XRCSGERXJ E]+\+R'
X;+ (A=C=SXRX=EC =C X;+ S+ ;+@( E2"+ 4RSX 0REA D J AJ R@ \EC +R`8;=
SXRX+( ;=S ]_ X;RE[8; X;+ (=1+R+CX E2"+S X D EQ"@E"?J \=E[S@_' CEE(_
]S R+SGECS=@+ 0ER R@ \EC +R`8;=QS "EAGC=+SJ =C@@_ X;+ ";=+0 E0 X;+
A[@C"+ A+C' C E@(' +C+R8+X=" C( =CX+@@=8+CX (E"XER =C X;+ 8+C+R@ SX1'
8\+ X;+ G+RA=SS=EC 0ER L[RX+R=C8 =C X]E \=@@+ S;"?S ];="; ;( SG"+
0ER X X;+ AESX Zaa A+CJ E]+\+R' R@ \EC +R`8;= ER8C=`+( F'7aa ?8
E0 SXR]' ];="; ]S S[2"=+CX 0ER EC+ X;E[SC( A+C XE S@++G =C X;+ S;"?SJ
+ ER(+R+( X;+ L[RX+R=C8 E0 4\+ ;[C(R+( A+C =C (=1+R+CX ;E[S+SJ X X;+
R=@]_ SXX=EC ;+ +"A+ "L[=CX+( ]=X; "EAAC(+R E0 S=^ ;[C(R+( A+C
];E ]+R+ @SE ]=X;E[X L[RX+RSJ ;+_ ;( RR=\+( 0REA XJ ) E@X+C EC+ (_
+0ER+ =C X;+ +\+C=C8 =C \+R_ +^;[SX+( SXX+ 0X+R R=(+ E0 4\+ (_SJ ;+
"EAAC(+R ]S E\=E[S@_ E\+R[R(+C+( C( R@ R+L[+SX+( ;=A CEX XE @EE?
0[RX;+R 0X+R X;+ [S=C+SS E0 ;=S "EAGC=+SJ N ;( X?+C E\+R X;+ "EAAC(JO
C X;+ +\+C=C8' R@ A(+ C GG+@ XE X;+ A+C =C X;+ X]E S;"?S XE A?+
REEA 0ER X;+ "EAR(+S =C A[( C( (R?C+SS (+SG=X+ X;+ @"? E0 SG"+J =S
A+C 8R++( C( EC+ ;E[R @X+R @@ ]ER?+RS @_ "RE](+( XE8+X;+R EC X;+ SXR]J
0X+R EC+ 0[RX;+R (_' R@ C( ;=S A+C RE(+ ]=X; SX+A+R EC X;+ C[+
XE X;+ SE[X;J
+0ER+ X;+ (+GRX[R+ E0 X;+ SX+A+R' R@ \EC +R`8;= +"A+ "L[=CX+(
]=X; "GX=C ];E "EAG@=C+( =XX+R@_ E0 X;+ SXX+ E0 X;+ SE[X;<+SX X;+X+R
E0 ]RJ ;+ "EC0[S=EC =C X;+ (A=C=SXRX=\+ (+GRXA+CXS ]S [C+@=+\@+J
C+ "EAAC( "ECXR(="X+( X;+ EX;+RJ ;+ ]ERSX =CSX=X[X=EC ]S X;+ 8+C+R@
SX1' ]=X; =XS G[R+@_ X;+ER+X="@ +(["X=EC C( @"? E0 +^G+R=+C"+J
;+ R=(+ ]=X; X;+ SX+A+R ]+CX G+R0+"X@_J ;+ ]+X;+R ]S "@+R C(
S[CC_J ;+ ]ER?+RS RR=\+( X X;+=R (+SX=CX=EC @( @C?A+C =C 8EE( 0ERAT
GRX R+A=C+( X;+R+ C( @R8+R GRX AR";+( XE +] @C?A+CJ C X;+
A=C SXR++X X;+R+ ]S A[( [G XE ;@0 A+X+R (++GJ ;+ =C;=XCXS ]=X; X;+=R
>"?+XS E0 S;++GS?=C C( ;=8; 0[R "GS R+A=C(+( ;=A E0 (R?+SX [SS=J @SE
0ER X;+ XREEGS X;+ ;_8+C=" S=X[X=EC ]S ]ERS+J ;+ ]+@@S @_ +X]++C ([C8<
<@M 2& ;$ L; FL4& 9$ $P&9LOF& '<
;=@@SJ E=@+XS ]+R+ C+R@_ [C?CE]C C( X;+ ?=X";+C 0ER X;+ XREEGS ]S @E"X+(
=C ;E[S+ ];+R+ X_G;E=(<"EC\@+S"+CXS SX_+(J ;+ R+SGECS=@+ (E"XER ]S
CEX EC@_ @`_ AC ];E ]S CEX =CX+R+SX+( =C X;+ ]+@@<+=C8 E0 ;=S GX=+CXS
[X =X S++A+( X;X ;+ "E[@( CEX ;C(@+ X;+ S=X[X=EC =C 0"X[@ R+SG+"XJ
+SG=X+ @@ X;+ (\+RS+ "=R"[ASXC"+S X;+ +^"\X=EC E0 X;+ XR+C";+S
RE[C( +] @C?A+C A(+ 8EE( GRE8R+SS C( ]S C+R@_ 4C=S;+( _ X;+
A=(SX E0 +R[R_' FDF5J
C X;=S ";EX=" C( (=RX_ ]ER@( R@ \EC +R`8;= 0E[C( @+=S[R+ X=A+ XE
R+6+"X EC ;=S S=X[X=EC C( XE X;=C? E[X X;+ ]RJ + R+AR?+( X;X X;+R+
]S CE G[R+ "E=C"=(+C"+ C( X;X X;+ @C"+ E0 0ERX[C+ =C E[R @=0+ "E[@(
CEX + =C6[+C"+( _ X;+ A+R=XS C( +1ERXS E0 EX;+R G+EG@+' C( ;+ "ECX=C[+(
]=X; (++G X;E[8;XS& NECS=(+R+( 0REA X;=S SXC(GE=CX' ]R GG+RS XE A+ S
8RC(=ES+' A_SX+R=E[S E""[RR+C"+T @=?+ SX
[(8+A+CX' =C ];="; AC?=C('
G[X =CXE @EE(@[SX _ =C\=S=@+ GE]+RS' +^+"[X+S ASS >[(8+A+CX E0 0X+
EC =XS+@0 =C @EE(_ ACC+R' 0ER8+XX=C8 @@ 8=C+( =CS=8;XS C( 8=CSX @@
]ER@(@_ ]=S(EAJ ;+C @R+(_ C ""=(+CX' ];="; "EA+S S S[RGR=S+ E\+R
C=\+@_ @=\=C8 ;[AC +=C8' ;S XE =CSG=R+ [S ]=X; ]+( S;[((+R=C8 =C
X;+ GR+S+C"+ E0 X;+ ;=((+C ;C( E0 E(' ;E] S;E[@( X;+ SG+"X"@+ 8R=G [S'
];="; X;+ [C@+S;+( GE]+RS ;\+ \=E@+CX@_ XX=C+( E\+R AC?=C( C( (+SXRE_
;[C(R+(S E0 X;E[SC(S C( ;[C(R+(S E0 X;E[SC(S E0 +^=SX+C"+S =C X;+ "E[RS+
E0 0+] AECX;SJ E]+\+R' G+EG@+ EC@_ S++ C( (E CEX [C(+RSXC(J ;+_ (E
SG+? E0 P0X+0[@ ;E[R E0 X;+=R +AG=R+SQ' [X X;+_ X;=C? ]R =S X;+ R+S[@X E0
R+"?@+SS (=G@EAX=" =CXR=8[+S C( ]E[@( ;\+ ++C XE C(ECJ ;+_ EX";
X;+ AESX \@[@+ EGGERX[C=X_ 0ER =CS=8;X =CXE X;+ +=C8 E0 E[R +^=SX+C"+
X;RE[8; X;+=R S[G+R4"=@=X_J
;=@+ ]+ "ECS=(+R E[RS+@\+S S G@CC=C8 C( "X=C8 0ER RE\=(+C"+ C(
+@=+\+ E[RS+@\+S XE + @+ XE @+( X;+ 0X+S E0 ;[AC +=C8S' ]+ EC@_ SGC
X;+ E]T X;+ (RXS R+ @=( =C ER(+R _ 0X+J X =S 8EE( XE 0A=@=R=`+ EC+S+@0
]=X; X;+ X;E[8;X X;X EC+ =S EC@_ XE \+R_ @=A=X+( (+8R++ ASX+R E0 ;=S E]C
0X+' XE S_ CEX;=C8 E0 ASX+R E0 X;+ 0X+S E0 EX;+RS JJJ
GE+X=" X=C8+ SX="?S XE X;+ ]R' "EA=C8 0REA X;+ X=A+ ];+C =X ]S X;+
[S=C+SS E0 S+@+"X+( C[A+R E0 (R=C8' "R[(+' A+RR_ C( +C+R8+X=" 0+@@E]S'
X=C8+ ];="; =X (E+S CEX GESS+SS C_AER+J R ;S +"EA+ S"=+C"+ ];=";
=S GR"X="@@_ X+SX+( EC@_ +\+R_ ;@0 "+CX[R_ C( S;R+S ]=X; X;+ X;+ER+X="@
S"=+C"+S X;+ 0X+ X;X =X "C + EG+RX+( _ [C8@+RS [X X;X X;+ G[@=" "C
R+"E8C=`+ X;+ [C8@=C8J EA+X;=C8 E0 (=@@+XXCX=SA SX="?S +\+C XE X;+ "ECS=(<
+RX=ECS C( X;+ "X=ECS E0 X;+ 8=0X+( >[SX S XE X;+ GRE>+"XS E0 X;+ER+X="@@_
XR=C+( +C8=C++RS' +"[S+ X;+ X;=C?=C8 E0 X;+S+ G+EG@+ ;S CEX GSS+( X;+
"R["=@ X+SX E0 +^G+R=+C"+J [A+R@+SS ;+(S S]=A =C "EC0[S=EC =0 0X+0[@ S+R=<
E[SC+SS +A+R8+S 0REA X;+ X;+ER+X="@ S"=+C"+ E0 ]RT AC_' AC_ A+C' "@@+(
XE "X=C8 C( @+(=C8' A[SX E] (E]C +0ER+ X;+ RX=4"=@<A(+ [X;ER=X=+S
E0 =C"EAG+X+CX X;+ER=SXS' S++ X;+=R 0X+ =C X;+ ;C(S E0 G+EG@+ ]=X; =CS[2<
"=+CX >[(8+A+CX C( S[1+R ;+\=@_ 0REA ESXR["X=ECSJ C@_ S+@(EA (E X;+
S=X[X=ECS 4C( A+C ];E "C SXC( X;+AT EC +"; 8RA E0 0R+S; (R=C8 (++('
'N <@ F7 P;9 &FT024EG 247$2;;$# ;OL2 9$ 24G ;$ L; FL4& 9$ 2&;FS
AC_ ;[C(R+(<]+=8;X E0 SX[G=( 8R+_ A=S+R_ (REGSJ ;+ G+EG@+ =C X;+ ;=CX+R<
@C( _"? E[X ;+RE=SA' =C(+S"R=@+ SG=R=X C( E0 =CSG=R+( AEE(S ]=X;E[X
?CE]=C8 X;X X;+ R+L[=R+A+CXS 0ER X;+ [C0E@(=C8 E0 R+@ ARX=@ \=RX[+S R+
EC@_ S+@(EA \=@@+JO
C R@ \EC +R`8;=QS SXX+A+CXS X;+R+ R+ X]E R+AR?@+ GE=CXS& 4RSX@_'
=X =S A`=C8 ;E] "@+R@_ ;+ S] X;+ ;[8+ ]R (+\+@EGA+CX 0REA AER+ RE<
ACX=" (\+CX[R+ ]=X; R+@X=\+@_ 0+] \="X=AS XE X;+ AE(+RC ASS (+SXR["X=EC
S+( EC X;+ =C([SXR=@ R+\E@[X=ECJ +"EC(@_' @R+(_ =C FDF5 ;+ +^GR+SS+( ;=S
(++G (=S8[SX 0ER @@ X;+ER_ CEX S+( EC ES+R\X=EC C( +^G+R=+C"+J + ]=@@
S++ X;X ;+ R+G+X+( ;=S SXC(GE=CX =C X;+ 0E@@E]=C8 _+RS 8=C C( 8=CJ
C 4RSX (R0X E0 @+XX+R XE "+RX=C J J 0REA GR=@' FDF5' ;+ SXX+(
0[RX;+R& N _ GSS=ECX+ +1ERXS "EA=C8 0REA X;+ ;+RX ]+R+ GG@=+( XE (+<
X;REC+ X+";C=L[+ C( CX[R@ S"=+C"+ ([R=C8 @@ X;+S+ _+RS' X 4RSX =CS=(+
A_S+@0 C( X;+C @SE E[XS=(+ A_S+@0' JJJ ]ER? =C X;+ S+R\="+ E0 GRE8R+SS C(
A?+ C +1ERX XE GRE\+ ];X 0++@' CA+@_ X;X X;+ =(+ E0 GRE8R+SS =S
0X@@_' "R=A=C@@_ A=S[S+( ]=@( CEX=ECJ C( =C X;=S ]_ =X ;GG+CS XE A+
]=X; @@ X;=C8SJ C++(' S ]+?' =AG+R0+"X ;[AC +=C8' X;+ SA@@ S[""+SS+S
=C ""+GX+( R+S E0 ]ER? =C ER(+R XE ?++G A_ S+@0<"EC4(+C"+ 0ER S["; GRE<
@+AS ];="; ]ER? EC ]=X;E[X S[GGERX - _+S' ]=X;E[X ;EG+ E0 [C(+RSXC(=C8J
ESS=@_' ]=X;=C X+C _+RS "C G[@=S; "ECS=SX+CX \+RS=EC - ]=X; XR+X=S+
P@( C( +] ER@(' X@? EC "[@X[R+Q ;\+ @R+(_ G[X (E]C =C ]R=X=C8
X;+ "ER+ E0 A_ \=+]S C( X;+ E[X@=C+S E0 A_ GRE8RA - (E CEX ?CE] ];+X;+R
8\+ =X XE _E[ XE R+( X;=S SA@@' X;E[8; ]+=8;X_' ]R=X=C8 X X;X X=A+J 0
_E[ R+@=`+ ;E] ;=8;<;C(+(' _+S' ;E] S[R( X;+ SXC(R(S R+ ];="; ]+
[S+ XE A+S[R+ X;+ \@[+ E0 X;+ "L[=S=X=ECS E0 E[R X=A+T ;E] 0R X;+ \=+] 0ER
GREGERX=ECS =C GRE8R+SS<XRS; =S @ESX' _E[ "C R+@=`+ ;E] A["; ;\+ XE (E
JJJ ]E[@( @=?+ XE SXX+ ]=X; "+RX=CX_ X;X X;+ G[@="X=EC E0 _E[R R+S+R";
R+S[@XS ;S RE[8;X XE _E[ EC@_ =XX+RC+SSJ =X; AE"?+R_ EC+ ]E[@( G[X _E[
XE X;+ S=(+J E[ (E CEX ?CE] X;+ R@+ E0 0[X[R+ S";E@RS S +^"X@_ S (EJ
;+ SXAG E0 X;+ =AG+X[S E0 R+S+R";' ];="; _E[ ]+R EC X;+ 0ER+;+(' =S
R+8R(+( _ AC_ +_+S S AR? E0 =C C( R+A=C(+R E0 ;=S "R++R S
(C8+RE[S G+"+ R+?+RJ + ];E ]R=X+S +"[S+ E0 X;+ XR[X; X[RCS XE ;@0
(E`+C RR+ ;[AC +=C8SJO
C _ Z7' FDF5' R@ \EC +R`8;= R+"+=\+( X+@+8RA ]=X; X;+ "EA<
AC( XE GR+GR+ ;=S (+GRXA+CX 0ER C +\"[X=EC ]=X; SX+A+R ];="; ]S
XE R=C8 X;+A XE CEX;+R G@"+J + A(+ X;+ AR";=C8 GR+GRX=ECS C( =C
X;+ AERC=C8 E0 X;+ C+^X (_ X;+ "E@[AC AE\+( EC ]=X; 6_=C8 "E@ERS' ]=X; A[<
S=" C( [C\E=(@+ (R[C?+C ]ER?+RS C( ]S ""EAAE(X+( EC X]E R8+SJ
EEC' 0X+R]R(S X;+_ @+0X X;+=R ]ER?=C8 R+ 0ER 0ERX=4"X=EC "ECSXR["X=EC
]ER? =C X;+ R(= R+8=EC H[C8R_I' CERX; E0 +] @C?A+C X X;+ =SJ
R([@@_ X;+ S+R\="+ =C X;+ \+X+RC R+S+R\+ ]S 8E=C8 XE +"EA+ ER=C8
0ER R@J X X;+ +8=CC=C8 E0 [8[SX ;+ R+L[+SX+( ;=S 0R=+C( CS @";+R
XE A?+ =X GESS=@+ XE XRCS0+R ;=A XE X;+ =R"R0X (+GRXA+CX =C SG+RC'
"@ES+ XE =+CCJ =S ]=S; ]E[@( +"EA+ R+@=X_ \+R_ SEECJ
<@M 2& ;$ L; FL4& 9$ $P&9LOF& 'M
C [8[SX D' FDF5' @8 _@E1 "A+ XE SG+C( S+\+R@ (_S ]=X; R@& NJJJ
]=X; ;+R RE] E0 S[CC_ (_S C( ;GG_ ;E[RS E0 ;+RX0+@X 0R=+C(@=C+SSJ ;=?+(
XE8+X;+R ]=X; ;+R X;RE[8; A+(E]S C( S]AGS =C X;+ S[RRE[C(=C8S C( ]S
8@( 0ER X;+ 0EC(' [CS+@4S; @E\+ ];="; X;+ SXRC8+ 8=R@ @]_S G[S;+( 8=C
=CXE A_ C+RC+SSJO C [8[SX FU' X;+_ ;( XE S+GRX+ 8=C ]=X; ;+\_
;+RXSJ
[R=C8 @8QS SX_' R@ \EC +R`8;= R+"+=\+( @+XX+R 0REA E0RX J
HER";;+=A+RI =C ];="; ;+ ]S S?+( ];+X;+R ;+ ]E[@( ""+GX GRE0+SSERS;=G
=C J HECSXCX=CEG@+IJ =X; 8R+X G@+S[R+ ;+ X;C?+( ;=A 0ER ;=S 8EE(]=@@
C( S?+( E0RX J XE RRC8+ C GGE=CXA+CXJ
X X;+ +C( E0 [8[SX' FDF5' R@ \EC +R`8;= ]X";+( X;+ AR";=C8
E1 E0 +RAC XX@=EC XE X;+ ERX;J ;+ E2"+RS E0 X;+ [SXR=C RA_
""EAGC=+( X;+=R +RAC "EAR(+S ];=@+ C( S=( 0R+<]+@@ ]=X; +AE<
X=ECJ A`=C8@_' R@' S C [SXR=C E2"+R' GR=S+( X;+ +RACS' X;+ [C<
+@=+\@+ L[@=4"X=EC C( X;+ +^+AG@R_ ER8C=`X=EC E0 RA+( +RAC_J
N0X+R X;+ 4RSX 8@C"+ ];="; JJJ 8=C+( =C X;+ ]R R+ X;+ (+0+"XS =C E[R
RA_ (A=C=SXRX=EC GG+R+( XE A+ (E[@_ =C"ECSE@@+JO ER?S EC 0ER<
X=4"X=EC GRE"++(+( ]=X; ";C8=C8 SG++(J C_ (+@_S ]+R+ "[S+( _ X;+
+X+RC@ (=SGR=X=+S E0 \=+]S C( G+XX_ >+@E[S_ +X]++C X]E A>ERSJ C+ E0
X;+ A>ERS ]S CEXER=E[S @"E;E@=" C( 8+C+RX+( ( @EE( ]=X;=C X;+
]ER?+RQS RC?S X;RE[8; ;=S [CAEX=\X+( E[X[RSXS C( X;R+XSJ =C@@_' X;=S
A>ER R+"+=\+(' XE R@QS 8R+X+SX S[RGR=S+' X;+ "EAAC( XE 8E XE CEX;+R
XE]C - C( X;+ G+"+ ]S S\+(J
;+ 0E@@E]=C8 ]++?S ]+R+ 4@@+( ]=X; AC_ SE"=@ "X=\=X=+S' SEA+ GRX=+S
C( \=S=XS XE "L[=CXC"+SJ
X X;+ \+R_ +8=CC=C8 E0 +GX+A+R' FDF5' R@ \EC +R`8;= C( ;=S
]ER?+RS ]+R+ XRCS0+RR+( XE X;+ =CC+R GRX E0 [C8R_J E]+\+R' EC +GX+A<
+R 5' R@ RE(+ "? XE X;+ R+ SE[X; E0 +] @C?A+C' XE X;+ 0RECX @=C+
=C X;+ CERX;+RC GRX E0 +@8R(+ =C ER(+R XE 4^ SEA+ (A=C=SXRX=\+ GRE<
@+ASJ C X;+ ]_ ;+ S] X;+ (A8+ ];="; X;+ ]R ;( @R+(_ "[S+(J C
+GX+A+R ZF' FDF5' ;+ RE(+ ;ERS+ CERX; E0 X;+ 0RECX @=C+ C( "A+ =CXE
"CCEC4R+' =C ];="; ;=S ;ERS+ ]S ]E[C(+(J X X;=S X=A+ R@ \EC +R`<
8;= C( ;=S \+X+RC R+S+R\+ ]ER?+RS ]+R+ A=C@_ E""[G=+( ]=X; R+G=R=C8 E0
RE(SJ ;+_ A+X +C(@+SS "E@[ACS E0 +RAC =C0CXR_ C( S+\+R@ A=@=XR_
XR=CS ]=X; _E[C8 +RAC SE@(=+RSJ X S++A+( X;X X;+ E1+CS=\+ EG+RX=EC
8=CSX +@8R(+ ]S XE E""[R SEECJ X ]S +^G+"X+( X;X X;=S ]E[@( ;GG+C
RE[C( +GX+A+R Z7 C( Z5T ;E]+\+R' =X (=( CEXJ ;+ R+SECS ]+R+ [C?CE]CJ
C "XE+R F' FDF5' R@ \EC +R`8;= C( ;=S A+C ]+R+ ER(+R+( XE
C =@@<R+G[X+( =8+[C+R H8_GS_I =S@C( H( =8C@=>I ];="; ;( +"EA+
=C0AE[S =C FDF7J C +"+A+R Z' FDF7' X;+ [SXR=C RA_ ;( E""[G=+(
+@8R(+' ;E]+\+R' =X ;( XE R+XR+X EC ""E[CX E0 +R=C E1+CS=\+ +_EC(
X;+ C[\J C GRX="[@R' X;+ XX@+ EC X;+ =8+[C+R H8_GS_I =S@C( "ESX
C+R@_ ,'aaa SE@(=+RS X;+=R @=\+SJ
'/ <@ F7 P;9 &FT024EG 247$2;;$# ;OL2 9$ 24G ;$ L; FL4& 9$ 2&;FS
=C@@_' S C+R@_ @@ ;( ;EG+(' EC "XE+R 5' FDF5' X F&75 JAJ ;+\_
8[C<4R+ S+X =C @SX=C8 [CX=@ "XE+R ,J C X;+ +\+C=C8 E0 X;+ C+^X (_ R@
ES+R\+( 8R=S; @=8;X+C=C8 +;=C( X;+ G@X+[ R=A E0 +@8R(+J R+( R+6+"<
X=EC E0 4R+ SGR+( E\+ X;+ (++G@_ ;C8=C8 "@E[(S C( ;@0 C ;E[R @X+R X;+
R=A ]S =C 6A+S - X;+ XX@+ 0ER +@8R(+ ]S X?=C8 =XS "E[RS+J R@ @SE
S] "RE](+( A=@=XR_ ]8ECS ]=X; [CR[@_ E2"+RS' SEA+ E0 X;+A C(8+('
@EE( SGEXS EC X;+=R (=RX_ "EXSJ ER+E\+R ;+ ES+R\+( +R=C GR=SEC+RS E0
]RJ NE[C8 G+EG@+ ]=X; G@+' ;E@@E]<";++?+( 0"+S' (=RX_ C( [C?+AGX' G<
X;+X=" C( +^;[SX+(JO 0X+R X;+ RX=@@+R_ EAR(A+CX X;+ [C=X+( [SXR=C
C( +RAC XREEGS "GX[R+( +@8R(+J R@ R+A=C=S"+( =C @+XX+R XE ;=S SEC
(+"(+S @X+R& N;+ S=+8+ E0 +@8R(+ C( X;+ "GX[R+ E0 X;+ "=X_ EC "XE+R
D' FDF5' ]+R+ SG+"X"[@R A=@=XR_ +\+CXS S;@@ C+\+R 0ER8+XJ ER X;R++ (_S
C( C=8;XS X;+ ;+\_ 8[CS SG[XX+R+( 4R+ C( SX++@ C( G\+( X;+ ]_ 0ER X;+
4C@ SS[@XJO
X (]C EC "XE+R FF' R@ C( ;=S ]ER?+RS AE\+( @EC8 X;+ (+SXRE_+(
\+ (A 0ERX=4"X=ECS C( E\+R X;+ C+] GECX R=(8+ XE X;+ =8+[C+R H8_GS_I
=S@C(J ;+ =C0CXR_ ;( "GX[R+( X;+ =S@C( ]=X; ;+\_ @ESS+SJ ;+ XS?
0ER R@ ]S XE [=@( 4RA RE( "RESS X;+ S]AG_ =S@C( =C ;[RR_J ;+
XE]C +@8R(+ ]S "RE](+( ]=X; AR";=C8 "E@[ACS E0 +RAC =C0CXR_J +R
+@8R(+ C +C(@+SS XR=C E0 A[C=X=EC "E@[ACS' AR";=C8 "E@[ACS' GRE\=S=EC
SL[(RECS C( "EAX +C8=C++R (+GRXA+CXS AE\+( S@E]@_ XE X;+ ]R R=(8+J
C X;+ S@EG+S' SE[X; E0 X;+ =8+[C+R H8_GS_I =S@C(' EC+ S;+@@ 0X+R X;+ EX;+R
+^G@E(+(J ;+C R@ \EC +R`8;= @C(+( EC X;+ =8+[C+R H8_GS_I =S@C( =X
]S @R+(_ R=8;X (_J NR"+S E0 X;+ +A=XX+R+( 48;X @@ E\+RJ ;+@@S ;\+
([8 (++G "RX+RS =C X;+ ]+X SE=@ E0 X;+ \=R8=C 0ER+SXJ [8<E[XS X;RE]C =C' "?<
SXEGS (+SXRE_+(J @EE(_ G=+"+S E0 "@EX;=C8' SAS;+( R=6+S' AA[X=EC "S+S'
R+( S"?S' "CX++CS' AA[C=X=EC E^+S C( "CS +X]++C GG+R S"RGS C(
;[AC +^"R+A+CXJ G="X[R+ E0 =C"ECSE@@+ (+\SXX=ECJ "EAA[C="X=EC
XR+C";' ;@0 ;=((+C =C X;+ X;="?+X C( X;+ 0ER+SX X]=@=8;XJ ]AG 8R++C ]X+R
4@@+( =X XE X;+ R=AJ C( =C X;+ ]X+R @_ X;+ (=RX_' "@_<_+@@E] (+( E(=+S E0
+R=C =C0CXR_T =RR+8[@R@_ S=(+ _ S=(+ C( =C "EC0[S=ECJ EA+EC+ "RE[";+(
]=X; (++G E]+( ;+( C( "RESS+( RAS =C X;+ XR+C";T SEA+ 0[@@ [@@+X A8<
`=C+S @_ "RESS ;=S RE( "?J CEX;+R @_ EC ;=S "? C( =X S++A+( X;X
;+ SXR+( [G X X;+ "CEG_ E0 @+\+S' ];="; ;=C(+R+( X;+ \=+] XE X;+ S?_J
X;=R( G+RSEC' AC ]=X; 4C+' S;RG@_<"[X 0+X[R+S' S++A+( XE + S@++G=C8 EC
X;+ (+( E(_ E0 0@@+C "EAR(+J ESX E0 X;+A R+SX+( @=?+ (=RX_ [C(@+S E0
"@EX;+S EC X;+ EXXEA E0 X;+ XR+C"; C( ]+R+ "E\+R+( ]=X; "@_ ];="; ;(
6EE(+( =CJ +R+ C( X;+R+ C RA ER @+8 RES+ E[X E0 X;+ ]X+RJ C X;+ X]=<
@=8;X' +X]++C X;+ _+@@E] ]="?+R ]ER? C( @"?+RR_ \=C+S' X;+ (++G 8R++C'
SX=@@ ]X+R S[R0"+ @EE?+( @=?+ X;+ ;ER=ÈCX@ 8@SS G@X+ E0 A[S+[A "S+'
=C ];="; EC+ ;S G[X EC (=SG@_ X;+ ;ERR=@+ G="X[R+ S C +(=4"X=EC C(
(\="+ 0ER @@ _E[C8 A+C ];E +CX;[S=SX="@@_ S=C8 =C X;+ ;=CX+R@C( E(+S XE
X;+ ECS+X E0 ]RJO
<@M 2& ;$ L; FL4& 9$ $P&9LOF& '-
&F7&OL99L F7 P;9 &FT024# <:<J
R@ \EC +R`8;= C( ;=S ]ER?+RS +8C =AA+(=X+@_ R+@=`=C8 X;+=R XS?
(+SG=X+ 8[C 4R+ ];="; S++A+( XE + "EA=C8 "@ES+RJ C(+R ]=@@E] XR++ R@
0E[C( X;+ (+( E(=+S E0 S=^ +RAC =C0CXR_ SE@(=+RSJ + R+AE\+( X;+ @+8=X<
=AX=EC G@X+S 0REA X;+ SE@(=+RSQ ";+SXS' SX (E]C EC C AA[C=X=EC E^ C(
SE?+( [G X;+ C=8;X@_ G="X[R+J N;+ (+X; A_ ;\+ "EA+ XE EC+ AC ];=@+
;+ ]S >[AG=C8J =S @+8S ]+R+ G[@@+( [GJ AC ]=X; R[X@ ";=C C( ]=X;
]=(+' (=SXERX+( 0"+ @_ X;+R+ ]=X; SG@=X S?[@@J ;+ R=8;X +_+ ]S A=SS=C8
C( X;+ ;+@A+X S;E]+( EC X;+ 0ER+;+( ;E@+ S =8 S 4SXJ 8+CX@+ _E[C8
0+@@E]' +@=+\+ ;=S CA+ ]S CC+ACC C( ;+ "A+ 0REA ) [RXX+A+R8'
S++A+( XE + S@++G=C8J ;+ @EE? EC ;=S 0"+ ]S G+"+0[@' X;+ +_+S "@ES+(J X
X;+ +8=CC=C8 X;E[8;X E0 X;+ "ECXRSX +X]++C X;+ @[SX 0ER "X=EC C( X;+
"EC4(+C"+ ]=X; ];="; X;+ _E[C8 G+EG@+ A_ ;\+ 8EC+ XE X;+ XX@+ 4+@('
C( X;+=R S( +C( =C X;+ ]=@(+RC+SS E0 X;+ =8+[C+R H8_GS_I =S@C(J X;E[8;X
E0 X;+ 0R=8;X ];="; ]E[@( ;\+ 8R=GG+( +"; =C(=\=([@ =0 X;=S G="X[R+ ;(
GG+R+( S \=S=EC EC X;+ (_ E0 AR";=C8 E[XJO
C "XE+R Z,' FDF5' R@ \EC +R`8;= ]S =C0ERA+( _ A>ER X;X ;+
;( XE 8E - E]=C8 XE C [R8+CX R+L[+SX 0REA X;+ ]R A=C=SX+R - XE X;+ =R"R0X
(+GRXA+CX =C SG+RC' "@ES+ XE =+CC' =C ER(+R XE X?+ E\+R X;+ "EAAC(
E0 X;+ =R4+@(J @R+(_ EC X;+ SA+ +\+C=C8 ;+ SX[(=+( ;=S AR";=C8 RE[X+J
C X;+ C+^X AERC=C8 X 5&Ya JAJ ;+ 8\+ ;=S @SX (+GRXA+CX R+GERX C(
S=( 8EE(<_+ XE ;=S A+C ]=X; @EC8 SG++";J X ]S SX=@@ (R? C( R=C=C8J
'J <@ F7 P;9 &FT024EG 247$2;;$# ;OL2 9$ 24G ;$ L; FL4& 9$ 2&;FS
;=S ]S CEX GRX=C8 0REA "EAR(+S' [X RX;+R ]=X;(R]@ 0REA S_SX+A
E0 A[X[@ A=SXR[SX' S+CS+@+SS [S=C+SS C( 0R[=X@+SS +1ERXSJ ;+ XAESG;+R+
E0 X;+ X;+X+R E0 ]R ;( GE=SEC+( X;+ R+@X=ECS +X]++C R@ \EC +R`8;=
C( ;=S ]ER?+RSJ C@_ 0+] E0 ;=S A+C ;( R+"E8C=`+( ;=A C( GGR+"=X+(
;=S ]ER?J
C X;+ 0X+RCEEC' R@ RE(+ XE8+X;+R ]=X; ;=S R+G@"+A+CX XE +@8R(+ =C
AEXER EX =C ER(+R XE =CXRE(["+ ;=A XE \R=E[S [X;ER=X=+SJ
]E (_S @X+R' ;+ @+0X +A@=C H+A[CIJ C >\=(+? HE\= (I ;+ =C<
X+RR[GX+( ;=S XR=G =C ER(+R XE S_ 8EE(<_+ XE SEA+ "L[=CXC"+SJ C X;+
AERC=C8 E0 "XE+R YF' ;+ "ECX=C[+( ;=S R=(+ XE X;+ CERX;J
N "A+ XE =+CC ]=X;E[X 0++@=C8 >E_JO ;+ A+AER_ E0 @@ X;+ A=S+R_'
];="; ;+ ;( S++C X X;+ X;+X+R E0 ]R ]+=8;+( ;+\=@_ [GEC ;=AJ
\+R ;=S 4RSX X]+@\+ (_S =C X;+ =R"R0X (+GRXA+CX ;+ R+"E8C=`+( 8R(<
[@@_ X;X X;+ (+X=@ ER8C=`X=EC =C X;+ ;=CX+R@C( ]S S ( S =X ;( ++C
X X;+ X;+X+R E0 ]RJ ;+ ]ER? =C X;+ =R"R0X (+GRXA+CX ]S AR?+( _
8R+X =C"EAG+X+C"+ C( ([+ XE X;=S X;+ ];E@+ (+GRXA+CX ]S =C+1+"X=\+ C(
=C SEA+ GRXS @SE "ERR[GXJ RE[C( X;+ A=(SX E0 E\+A+R' FDF5' R@ \EC
+R`8;= ]S A=C@_ =C\E@\+( =C X;+ (+S=8C E0 ;C8+R X+CXT =C ;=S (=R_
SEA+ "@"[@X=ECS "EC"+RC=C8 SEA+ SXX=" GRE@+AS C( "ESXS R+ R+"ER(+(J
X X;=S X=A+ SEA+ 0AE[S GRE0+SSERS ]+R+ ]ER?=C8 =C X;+ =R"R0X (+GRXA+CX'
CA+@_ R) E@@' CE\+R' \EC =S+S' XRSE[R8' \EC RAC' ";+C' [RX@+R'
=+CC' C( ";R[XX?' RCET =C GRX="[@R' \EC =S+S C( \EC RAC ]E[@(
+&F F7 P;9 &FT024# <:<J

<@M 2& ;$ L; FL4& 9$ $P&9LOF& 'I
F7 P;9 &FT024 L L2& 4F,&7$ 49 G=&F9
;\+ (+"=S=\+ =C6[+C"+ EC AX;+AX="S' A+";C="S C( +C8=C++R=C8 =C X;+

_+RS XE "EA+J @SE R)E;@="; C( X;+ GRE0+SSER X X;+ +";CE@E8="@ [S+[A
=C =+CC' =@@[C8+R' ]ER?+( =C SG+RCJ =@@[C8+R ]S GGE=CX+( (=R+"XER E0
X;+ =R"R0X "ECSXR["X=EC (+GRXA+CXJ X ]S \EC =S+S ];E (\C"+( XE X;+
GES=X=EC E0 ";=+0 (+S=8C+R =C SG+RCJ C E\+A+R F,' FDF5' R@ R+GERX+( =C
(=R_ +CXR_ X;X \EC =S+S C( FZ X+";C="@ (+S=8C+RS ;( (+S=8C+( ;[8+
]RG@C+ ]=X; =R0E=@S Y A X;="? C( ]=X; ]=C8 SGC E0 ZZ AT X;+ @+C8X;
]S F7 AJ ;+ =R"R0X GRE(["X=EC =C [SXR= =C X;+ =RSX ER@( R ]S
\+R_ SA@@' =C CE ]_ "EAGR@+ ]=X; X;X =C +RAC_' C( =X S++AS X;X
@SE \EC =S+SQ "G=X@ =RG@C+ ]S C+\+R AC[0"X[R+(J ;+ A=C XS? E0
X;+ +C8=C++RS C( EX;+R +AG@E_++S X SG+RC ]S XE GX"; [G C( X+SX "G<
X[R+( @@=+( A=@=XR_ G@C+S ]=X; X;+ G[RGES+ E0 @+RC=C8 E[X C_ (\C"+S
];="; X;+ @@=+S A=8;X ;\+ A(+ E\+R X;+=R +CXR@ E]+RS "E[CX+RGRXSJ
R@ SEEC +"A+ X;+ "EAAC(+R E0 X;+ X+SX =R4+@( E0 SG+RCJ X ]S
;`R(E[S E""[GX=ECJ
;+ _+R FDFV RE[8;X 0E[R =AGERXCX +\+CXS =C R@ \EC +R`8;=QS G+R<
SEC@ @=0+J EEC 0X+R ;=S RR=\@ =C SG+RC R@ \EC +R`8;= @+RCX X;X @8
]S 8=C GR+8CCX - 0REA X;+=R R+C(+`\E[S =C [C8R_J + "E[@( CEX R+G+X
;=S +;\=ER E0 FDFZ ];+C ;+ S+CX @8 RE(J X X;X X=A+ @8 @=\+('
E\=E[S@_' =C =+CCJ C( EC _ FY' FDFV' +R ]S ERC =C =+CCJ X+R
;+ (+S"R=+( X;=S +\+CX =C @+XX+R XE ;=S SEC& N C _ FDFV A_ ([8;X+R +R
'' <@ F7 P;9 &FT024EG 247$2;;$# ;OL2 9$ 24G ;$ L; FL4& 9$ 2&;FS
]S ERC C( 0+] AECX;S @X+R (+"=(+( XE ARR_ ;+R AEX;+R H
[C+ U'
FDFV' X;+ [X;ERIJ ?C+] =X ]S (R=C8 +^G+R=A+CX' [X ]CX+( XE (E
A_ +SX XE GRE\=(+ X;+ ";=@( ]=X; ;EA+JO R@ 0=@+( XE A+CX=EC +=X;+R X;+
=RX; E0 +R ER ;=S ARR=8+ ]=X; S=C8@+ ]ER( =C ;=S (=R_J
R@ ]S (++G@_ AE\+( ];+C ;+ @+RCX X;X ;=S 8RC(0X;+R ;( (=+( X
X;+ 8+ E0 C=C+X_ X]E' EC [8[SX Z' FDFVJ ;=S 8R+X AC "X=C8 =C @E"E
GR+CX=S C( S A+CXER 0X+R X;+ S[((+C (+X; E0 R@QS 0X;+R =C F,Da' ;(
=C6[+C"+( (+"=S=\+ G+R=E(S E0 R@QS @=0+ EX; AX+R=@@_ C( SG=R=X[@@_ - C(
;( @+0X S=8C=4"CX =C;+R=XC"+J
;=@+ R@ ]S SX=@@ [S_ ]=X; ER8C=`=C8 X;+ =R 0ER"+ C( X;+ "EAG@+X=EC
E0 X;+ X+";C="@ =R 4+@( 0"=@=X=+S' ;+ R+"+=\+( 0REA X;+ A=C=SXR_ E0 0ER+=8C
1=RS X;+ ER(+R XE X?+ E\+R X;+ ";=R 0ER 0E[C(X=EC C( RE( "ECSXR["X=EC
X X;+ =S+R@="; XXEAC=S";+C C8+C=+[R<E";S";[@+ =C ECSXCX=CEG@+ =C
+GX+A+R' FDFV' X X;+ R+"EAA+C(X=EC E0 E0RX RE0+SSER ER";;+=A+RJ
+ ]REX+ @X+R& NC +GX+A+R D' (R+A 0REA SGR=C8' FDF7' +"A+
R+@=X_JO ;+ @+(+RS;=G E0 X;+ X+SX =R4+@( ]S "EC0+RR+( XE ;=S 0R=+C(' J J
R)
E;@=";' ;=S S[""+SSER =C X;+ "ECSXR["X=EC 4RA =C =CX +X+RS[R8J
<@/ 2& 9LF9& L; 4&9& ':
$& "-*" -# "

N;+ EGGES=X+ E0 X;+ER_ =S CEX X;+ N@@?CE]@+(8+C(+\+R_=C"R+S+=C
GR"X="+ [X X;+ ES+R\X=EC' X;+ +^< E[R?CE]@+(8+(E+SCQX+C(]=X;G+<
G+R=A+CX@ R+S+R";J C( X;+ EGGE< R=E('[XRX;+R]=X;L[+SX=ECAR?J
S=X+ E0 GR"X="+ =S CEX X;+ X;+ER_' [X C =C"R+S+ =C ?CE]@+(8+ A+CS C
X;+ S"=+C"+ ];="; "ECS=SXS E0 X;+ER+X< =C"R+S+=CL[+SX=ECSXE+GES+('C(
="@ C( +^G+R=A+CX@ R+S+R";JO +"; E0 X;+A =S @]_S R+G@"+( =C
X[RC_C+]L[+SX=ECSJO
[@=@@[C8+R +RACC+SS+
AA+(=X+@_0X+RR+"+=\=C8X;+E1+R;+RE(+XEX;+ESGER[S]=X;(R0XE0
X;+"ECXR"X=C;=S@[888+JN+\+R=CA_@=0+;\+ 8EC+SESXR=8;X=CXEX;+
[C?CE]CJ (ECEX(R+0EREC"+XEGR+(="X];+X;+RERCEX[R?+_]=@@+A_
=AG+C(=C8;EA+J _0X+=SS[C"+RX=CSX;+0[X[R+E0[REG+JOE]+\+R'
XX;+R=@]_SXX=ECGRE@+ARES+J;+"EAAC(+R'"GX=C=C0ERA+(
;=A&N+R"EAR(+_E["CCEXXR\+@J;+\=SE0X;+A=@=XR_XX";+=S
A=SS=C8ECX;+EG+C"EAAC(JO_"RR@\EC+R`8;=S+R";+(0ERX;+
[R?=S;A=@=XR_XX";+"E@EC+@J+_J0X+RSEA+S+X"?S;+4C@@_A+X
X;+A=@=XR_XX";+=CX;++ASS_J+RE[8;XX;+0ERA@=X_XE"@ES+]=X;=C
;@0A=C[X+C(R+";+(X;+R=@]_SXX=EC8=CECX=A+JCX;+G@X0ERA
;+A+XX;+"GX=CS\EC@";+RC(CCHMIJN;+0R+]+@@0REAEX;
]SA_0R+]+@@0REAX;+RA_J]EE2"+RS]=X;;+RX'=CX+@@=8+C"+';[AER'
+C+R8_'C(`+@JEAR(+SSEC+"CS+@(EA4C(JO
=X;X;+@?CXR=C\=+A@=CH+A[CIC(E4'R@\EC+R`8;=
RR=\+(XECSXCX=CEG@+0X+RC+CX+RX=C=C8R=(+JECSXCX=CEG@+'GR+S+CX<
(_ SXC[@'=CC"=+CX_`CX=[A'@R8+SX"=X_C(A=C;RERE0[R?+_'
=S@E"X+(XX;+SE[X;+RC+SX[R_E0X;+ESGER[S=CXEX;+ RAR+J
;+"=X_GESS+SS+SCER=+CX@6=R]=X;=XSAC_[=@(=C8S(+S=8C+(=CX;+
_`CX=C+R";=X+"X[R@SX_@+J;R++(=SXR="XS@=+ECX;+[REG+CS=(+']=X;
X;+"+CX+RXA[@]=X;X;+0AE[S8=EG;=C(X;+S[@XCQSR+S=(+C"+
EG?G=R_=?'+=C8X;+AESX=AGERXCXEC+JCX;+S=CS=(+EC+"C
4C( AR\+@@E[S \=@@S ]=X; C="+ \=+]SJ ECSXC=CEG@+' S+XX@+( +X]++C X;+
+(=X+RRC+CC(@"?+'+X]++C[REG+C(S='=S"RESS<RE(E0
E@(C(=AGERXCXXR2"C(XR(+RE[X+SC(R(=X+SGRX="[@RXAE<
SG;+R+J @R+(_' EC +GX+A+R FZ' FDFV' R@ \=S=X+( ;=S 0[X[R+ SG;+R+ E0
"X=EC'X;+"E@+(+S C8+C=+[RSJ;+S";EE@GR+S+CX+(NX;+S_SX+AX="ER<
(+RE0E;+A=C<G[J;+G+EG@+]+R+SAEX@+_A=^+(SX;+0[RC=X[R+
=CX;+REEAE0X;+ESSJJJ]E_E[C8GRE0+SSERS0ER];EAX;+=C"@=CX=EC
XE S"=+CX=4" R+S+R"; ]S =C CE ]_ ]R=XX+C EC X;+=R 0ER+;+(S' (=S"[SS+(
+8+R@_X;+?=C(E0L[+SX=ECS];=";S;E[@(A?+X;+"C(=(X+S]=X=C8=C
X;+"?8RE[C(;GG_JOE0RXRE0+SSERER";;+=A+R;(SXREC8GES=X=EC
=C X;+ +C8=C++R=C8 S";EE@J =S R=8;X<;C( AC ]S SA@@ AC ]=X; X;+
";R"X+R=SX="0"+E0"@+\+RS@+SAC'CA+((=?J CX;+"?8RE[C('
:U <@ F7 P;9 &FT024EG 247$2;;$# ;OL2 9$ 24G ;$ L; FL4& 9$ 2&;FS
F7 P;9 &FT024 49 ;9GL9L49;=7& >F7 ,FGL 7&)L 49 )F;9L F;Q?
F7 P;9 &FT024 F;O9$ <:<J

<@/ 2& 9LF9& L; 4&9& :<
X;+ GR+(+SX=C+( S[""+SSER E0 E0RX ER";;+=A+R' _E[C8 +C8=C++R' ]=X+(

0ER R@ \EC +R`8;=J C +GX+A+R F7' E0RX ER";;+=A+R ""EAGC=+(
R@ XE X;+ =C=SXR_ 0ER ER+=8C 1=RSJ C X;=S (_' R@ S=8C+( X;+ "ECXR"X
]=X; X;+ A=C=SX+R E0 0ER+=8C 1=RS' R=C"+ S S;J ;+ S+"X=EC @+(+R
]+@"EA+( \EC +R`8;= C( ER";;+=A+R ]=X; 8R+X ?=C(C+SS' S+R\+( "E1++
C( X@?+( ];=@+ ]=X; ER";;+=A+R E[X G+RSEC@ [S=C+SS E0 X;+ "E@+J
;+C X;+ S+"X=EC ;+( @+( X;+A XE X;+ A=C=SX+RJ S S; ]S S=XX=C8
]=X; SEA+ ;=8; E2"=@S X RE( ]R=X=C8 (+S?J NC EG+R+XX GR=C"+ ];ES+
GR+S+C"+ C+"+SSR=@_ ;S XE GRE(["+ A[S+A+CXJO R@ ;( \+R_ G@+SCX
"EC\+RSX=EC ]=X; X;+ A=C=SX+RJ C X;+ "E[RS+ E0 X;+=R (=@E8[+' J J S?+(
;=A XE 8+X =C\E@\+( =C C =RR=8X=EC GRE>+"X +"[S+ E0 ;=S R="; +^G+R=+C"+ =C
X;=S 4+@(J E0RX ER";;+=A+R "EAA+CX+( EC X;+ "EC\+RSX=EC \+R_ GES=X=\+@_J
C X;+ C+^X (_' =C X;+ AERC=C8' R@ \EC +R`8;= ;( C [(=+C"+ ]=X;
X;+ [SXR=C ASS(ERJ C X;+ GR+S+C"+ E0 X;+ +RAC ASS(ER C(
E0RX ER";;+=A+R X;+_ 4RSX@_ "EC\+RS+( E[X AER+ ER @+SS [C=AGERXCX
S[>+"XSJ 0X+R EC+ ;E[R R@ \EC +R`8;= C( E0RX ER";;+=A+R ]+R+
=C\=X+( XE R+?0SXJ R@ ]S \+R_ G@+S+( ]=X; X;+ R+"+GX=EC E0 X;+ AS<
S(ER C( ;+ +C>E_+( X;+ XAESG;+R+ C( X;+ "EC\+RSX=ECJ
0X+R X;+ R+"+GX=EC ;+ RE(+ ]=X; ER";;+=A+R XE X;+ A+R="C E+RX
E@@+8+ =C ++? ];+R+ X;+_ ]+R+ ]+@"EA+( _ X]E GRE0+SSERSJ ;+ [=@(<
=C8S C( X;+ "AG[S R+A=C(+( R@ E0 ERX@C(J ;+ "E@@+8+ 8E\+RC+( N0REA
=XS ;=@@ X;+ ];E@+ ]EC(+R0[@ ]ER@( E0 X;+ ESGER[SJ =(+ @]C G@"+S 8=\+S
X;+ _E[X; X;+ EGGERX[C=X_ XE G@_ SGERXS +C+X; C EG+C S?_J SG@+C(=('
RE( SXR++X @+(S X;RE[8; 8R(+CS XE ++?J ;+R+ =S G@+CX_ E0 AEC+_' EC@_
EC+ X;=C8 =S A=SS=C8' =A8=CX=EC C( S"=+CX=4" SG=R=XJ ;+ E_S @+RC X;+=R
X+^XEE?S' A?+ +^G+R=A+CXS ]=X; X;+=R A";=C+ XEE@S C( X;+ GRE0+SSERS (E
X;+=R ;C(="R0X =C S["; ]_ S =0 X;+_ ]+R+ =CX+@@+"X[@ +[C[";SJ E XR"+ E0
"R+X=\+ "X=\=X_ ER @SE EC@_ E0 C++( 0ER S[";J EX;=C8 AER+ X;C A?=C8
AEC+_ _ X+";=C8J ESS=@_ "+RX=C >E_ X X;+ 8RE]X; E0 X;+ C[A+R E0
SX[(+CXS C( X X;+ S";EE@ SXX=SX="SJO X ]S 0ERX[CX+ 0ER R@ \EC +R`8;=
X;X ;=S (=R=+S ]+R+ CEX \=@@+ X X;X X=A+ SE X;X CEE(_ X X;+ E+RX
E@@+8+ "E[@( R+( ;=S @+SS X;C 6XX+R=C8 R+AR?SJ X;+R]=S+ X;+ [X;ER=X=+S
E0 X;+ A+R="C E@@+8+ ]E[@( "+RX=C@_ CEX ;\+ E1+R+( ;=A GES=X=EC 0X+R
ER@( R J
C R";' FDFU' R@ \EC +R`8;= (R0X+( S[AAR_ E0 ;=S @SX ;@0
_+R& N ;@0 _+R E0 "ECX=C[E[S' ;R( ]ER? +;=C( A+J ;+ @+"X[R+ CEX+S
0ER A_ X;R++ "E[RS+S @R+(_ ]R=XX+C C( X;+ G@C 0ER X;+ P0E[C(X=ECQ "@+R
=C A_ ;+(J S;ERX G[S+ =C EC+ E0 X;+ AESX 0R[=X0[@ _+RS E0 A_ @=0+' _+R
E0 ;R\+SXJO
+ ;( (+\+@EG+( S";+([@+ 0ER =C\+SX=8X=C8 6[=(<4@@+( !#4?10!
GERE[S SE@=(SJ ""ER(=C8 XE ;=S [XE=E8RG;="@ CEX+S 0REA FDYZ ;+ SXX+(&
NX;X @SE R+"E8C=`+( [X;ER=X=+S =C X;+ 4+@( E0 "=\=@ +C8=C++R=C8 ;\+ CE S=S
0ER X;+ SS+SSA+CX E0 X;+ +^G+"X+( S+XX@+A+CXS E0 [=@(=C8J ;+ \=+] E0 X;+
+^G+RXS R+@=+S EC@_ EC X;+ER+X="@ R8[A+CXS ]=X;E[X "EC"@[S=\+C+SSJO
:N <@ F7 P;9 &FT024EG 247$2;;$# ;OL2 9$ 24G ;$ L; FL4& 9$ 2&;FS
[RX;+RAER+ ;+ R+AR?+( =C ;=S [XE=E8RG;_& N C X;+ 0E@@E]=C8 X]E

_+RS H0X+R ;+ ;( RR=\+( =C ECSXCX=CEG@+' X;+ [X;ERI ;( 0ER X;+ 4RSX
X=A+ X;+ EGGERX[C=X_ XE @+=S[R+@_ GRE\+' X;+ X;+ER=+S R+@+\CX XE "=\=@ +C8=<
C++R=C8 C( XE "EAGR+ X;+A ]=X; X;+ R="; +^G+R=+C"+S ];="; ;( @R+(_
"E@@+"X+(J C X;+ "E[RS+ E0 X;+S+ SX[(=+S' 8R([@@_ R+"E8C=`+( X;+ R+SEC
0ER X;+ 0=@[R+ E0 A_ +1ERXS ;=X;+RXE =C X;+ 4+@( E0 X+";C="@ 8+E@E8_J ;+
R+SEC @_ =C X;+ =8CERC"+ E0 X;+ R+@X=ECS ];="; +^=SX +X]++C X;+ GR+SS[R+
+1+"XS C( X;+ "ERR+SGEC(=C8 (+0ERAX=ECS E0 X;+ SE=@S' C( EC X;+ @"? E0 X+SX
A+X;E(S ];ES+ GG@="X=EC _=+@(S C =AA+(=X+ C( C[A+R="@ +^G@CX=EC E0
X;+ X+";C="@@_ =AGERXCX GREG+RX=+S E0 X;+ SE=@SJ ;+ +RX;<GR+SS[R+ X;+ER=+S
]+R+ =CGGREGR=X+ +"[S+ X;+_ EC@_ "ECS=(+R+( X;+ "E@@GS+ SXX+S E0 X;+
+L[=@=R=[A E0 X;+ SE=@S ]=X;E[X 8E=C8 =CXE X;+ (+0ERAX=ECS' ];="; GR+"+(+
X;+ R+";=C8 E0 X;+ "E@@GS+ SXX+' C( X;+ G[R+@_ 8+E@E8="@ "ECS=(+RX=EC
A[SX 0=@' +"[S+ X]E 8+E@E8="@@_ +L[=\@+CX @_+RS "C S;E] \+R_ (=1+R+CX
SXR+C8X; GREG+RX=+S ""ER(=C8 XE X;+=R SXR["X[R+SJ S R+S[@X E0 X;=S 4C(=C8'
X;+ C+^X XS? ]S "@+R@_ (+4C+(J X "ECS=SX+( E0 X;+ "R+X=EC E0 X;+ER_ E0
SXR+C8X; 0ER SE=@SJ ;+ XS? "E[@( EC@_ + SE@\+( \= +^G+R=A+CXSJO
C X;+ 0ER+A+CX=EC+( (=R_ +CXR_ R@ @SE (+S"R=+( ;=S R+@X=ECS;=G
XE ;=S AEX;+R C( @8& N EA ]REX+ XE A+ X;X S;+ =S 0++@=C8 ]+? C(
A=S+R@+J
[SX CE]' ];+C A 8R=GG+( _ C \+RS=EC XE C [CCX[R@
(+\EX=EC E0 X]+CX_ _+RS' X;+ 4RSX 0R++' [C";R=X@+' ;EC+SX @+XX+R S+CX XE
;+RJ ;X =S 0X+J ;X ;\+ ]R=XX+C XE ;+R [G XE CE] ]S ]=X;E[X "ECX+CXJ
C[A+RX=EC E0 0"XS C( CEX;=C8 E0 A_ =CCR(SJ ;_M EA ]S C+\+R
_E[C8 ]=X; ;+R ";=@(R+C C( @X+R' +\+R_X;=C8 ];="; GG+R+( 8R+X C( G[R+
XE A+ ]S =8CER+(J E RX =C X;+ ;E[S+' CE 0R++ =RJ E R+@X=EC XE R+@=8=EC'
C+=X;+R ]RA CER "E@(J R[A@=C8 X "L[=CXC"+S' =CS=C"+R=X_ =C "ECSERX=C8J
+X]++C X;+ 8+S E0 FV C( FU' @R+(_ ""[SXEA+( A_S+@0 XE "R+0[@@_ ;=(=C8
@@ X;X S++A+( (A=R@+ XE A+ ' ]=X; X;+ =CX+CX=EC E0 CEX S++=C8 =X GRE0C+(J
E [C(+RSXC(=C8 0ER A_ G[R+SX A=X=ECSJ C@_ X;+ [S+0[@' GR"X="+/ C(
];+C =X "A+ XE ARR=8+' CE ;EG+' [C(+RSXC(=C8 0ER X;+ XR[+ AEX=\+S C( 0ER
CE@+<A=C(+(C+SS XE + 0E[C(' SE@+@_ +1ERXS XE 8+X @EC8 ]=X; SA@@<A=C(+(
GR+>[(="+SJ E]' +\+R_X;=C8 ;S XE "EA+ E[X' CE AXX+R ];X X;+ "ESXJ EX;+R
=S X;+ EC@_ ;[AC +=C8 ]=X; ];EA ;\+ ++C EC =CS=C"+R+ X+RASJ E]'
R=8ERE[S "X=EC A[SX' 4C@@_' + X?+C @SE ]=X; X;=S @=+/
;X +[X=0[@ X=A+S "E[@( ;\+ ]=X; @8' =0 =X ]+R+CQX 0ER X;+ "E@
GRE@+A' 0EE( GRE@+A C( @@ X;=S SX[1 E0 8X+@@+SJ X =S S =0 X;+ ARR=8+
(+\+@EG+( @@ G+(CX=" 0+X[R+S E0 A_ ";R"X+RJ @@ X;+ +XX+RJ E X;+_ +<
"EA+ \=S=@+ C( "C +8=C XE 48;X X;+A' S (=2"[@X S X;=S =S' +"[S+ X;+_
S=X (++G@_JO C X;+ A=(SX E0 R";' FDFU' ;+ 4C=S;+( X;+ AC[S"R=GXS E0 X;+
R+C"; @+"X[R+SJ + SXX+( X;X ;+ ;( EC@_ 0+] GESS==@=X=+S XE =C"@[(+ ;=S
=(+S E[X X+";C="@ 8+E@E8_ =C ;=S @+"X[R+SJ =S G@C ]S' X;RE[8; G+RS[(<
=C8 R+GR+S+CXX=EC E0 X;+ GRE@+A' XE XXR"X X;+ =CX+R+SX E0 8R+X C[A+R E0
+C8=C++RSJ [RX;+RAER+' ;+ XR=+( XE +"EA+ X;+ @+(+R E0 C +^G+(=X=EC ];=";
]S XE =C\+SX=8X+ R=\+R "EC"+RC=C8 =XS C\=8=@=X_J
<@/ 2& 9LF9& L; 4&9& :M
C [8[SX' FDFU' ;+ ]S R+A=C(+( E0 ;=S +\+CX0[@ "R++RJ C X;ES+ (_S ;+

A+X EC+ E0 ;=S E@( X+";+RS ];E S@[X+( ;=A ]=X; X;+ ]ER(S& N P+S' _E[ ]+R+
@]_S SEA+];X (\+CX[RE[S@_ (=SGES+( ;[AC +=C8 C( ;\+ \+R_ E0X+C
";C8+(J E[ ;\+ SX[(=+( A+";C="@ +C8=C++R=C8' ;\+ ++C 8+E@E8=SX
0ER SEA+ X=A+' ER R=@]_ [=@(+R ER CE] RE( C( R=@]_ "ECSXR["XERQJ
EA+X;=C8 @=?+ X;=S ;[RXSJ ;=S AC ;S CE =(+ ];X =X A+CS XE RE(+C
;=S ?CE]@+(8+ [XE(=("X="@@_ C( XE 8=\+ EC+S+@0 E\+R XE X;+ S"=+CX=4" 8E@
]=X; "ECS+L[+C"+J ;\+ ERC+ X;+ S;R[88=C8 S;E[@(+RS @SX=C8 0ER _+RS ]=X;
GX=+C"+ C+R@_ (+"(+ C( "ECX=C[E[S@_ ";C8+( C( SXRX+( 0R+S; +"[S+
0+@X A_ ?CE]@+(8+ ]S CEX ]=(+<RC8=C8 +CE[8; JJJ EE(_ ;S ?CE]C C(
CEE(_ ]CX+( XE +@=+\+ X;X +;=C( X;+ S++A=C8@_ SE G@C@+SS @=0+ G+RS=SX+CX
C( S_SX+AX=" ]ER? =S ;=((+C' ];="; =S (=R+"X+( XE 4RA 8E@ C( EC@_ EC+
AC 0+@X =X ]=X;E[X R+"E8C=`=C8 =X& ER";;+=A+RJ ;+ EX;+RS' ;E]+\+R' X;+S+
(=@+XXCX+S E0 @=0+ ];E +@=+\+ X;+ S"R=4"+S ];="; X;+_ ;\+ A(+ =C X;+=R
"R++RS ;\+ ++C S"R=4"+S XE S"=+C"+ C( ];E =C @=0+X=A+ ;\+ CEX RE[8;X
S"=+C"+ SX+G 0[RX;+R C( EC@_ ;\+ \+8+XX+( ";+]=C8 X;+ "[(' X;+_ SX=@@
G+RA=X X;+AS+@\+S (=SR+SG+"XJO
RE[C( X;+ +C( E0 "XE+R' FDFU' =X S++AS X;X @8 ]S ]=X; CEX;+R
AC HS++ EE(AC' FDDDIJ R@ R+GERX+( =C ;=S (=R_ E[X G@+SCX' ;GG_
(_ ]=X; @8 C( X;=R( G+RSEC EC C =S@C(J ER+E\+R' ;+ CEX+( S[(<
(+C@_ SEA+ SXRC8+ X;E[8;XS =C ;=S (=R_& N;X ";RA=C8 "R+X[R+S X;+R+
R+ AEC8 X;+ 8=R@S/ 0 EC+ X;=C?S E[X X;=S 0"X EC+ "C "EC"@[(+ X;X >+@<
E[S_ E0 X;+ G;_S="@ +=C8 E0 ]EAC =S [C]ERX;_ E0 "=\=@=`+( ACJ _
X;=S >+@E[S_ EC+ SS=8CS XE ;+R X;+ GES=X=EC E0 GRESX=X[X+' 0ER ];EA EC+
;S R+CX+( X;+ +^"@[S=\+ R=8;X E0 [S+ C( ;S ES+R\+( C =C0R=C8+A+CX EC
;=S GREG+RX_ X;RE[8; =C4(+@=X_JO C X;+ 0E@@E]=C8 GR8RG;S E0 ;=S (=R_ ;+
R+A+A+R+( @@ X;+ ";RA=C8 ]EA+C ;+ ;( @E\+( C( ;+ @=SX+( =C (+X=@ NX;+
]EC(+R0[@ E(=+S E0 ]EA+C ];="; ;\+ +C>E_+( JJJ ;=S 8X;+R+( 0+A=C=C+
+[X_ +^"++(S AC_ X=A+S E\+R' ];X X;+ =C(=\=([@ ]EAC "C E1+R E0 ;+R
";RAS' JJJ
;+ =C4(+@=X_ E0 AC =S CE "R=A+' CE E1+CS+' [X ]+?C+SSJ ;+ AC
];E =S GRE\+( 8[=@X_ E0 C =C4(+@=X_' 0++@S S;A+( S =0 EC+ ;S "[8;X ;=A
+X=C8 EC X;+ S@_' +"[S+ E0 C E\=E[S @"? E0 S+@0<(=S"=G@=C+ C( +RC+SX<
C+SSJ +8R(=C8 X;+ ]EAC =X ]E[@( + >[SX SE' =0 X[R+ ;(CQX 0ERA+( EX;
S+^+S (=1+R+CX@_J ER X;+ ]EAC X;+ "ERGER@ @E\+ 8E+S CA+@_ ;C( =C ;C(
]=X; X;+ JJJ +AEX=EC@J X X;+ +8=CC=C8 X;+ S;A+ E0 X;+ ]EAC' 0"=C8 ;+R
+@E\+( AC' =S AER+ SXREC8@_ AR?+( X;C =C ;+R R+@X=EC XE EX;+R =C(=\=(<
[@SJ ;+ R+@X=EC R+\+RS+S' ;E]+\+R' 0X+R E\+R"EA=C8 X;+ 4RSX RR=+RSJ 0
]EAC C+\+RX;+@+SS ";+XS EC ;+R ;[SC(' S;+ ;S @SE S+GRX+( =CC+R@_T
X;+R+0ER+ X;+ ( E(ER ];="; SX="?S XE X;+ \=E@X=EC E0 XR[SXJ ;+ @E_@X_ E0
X;+ ]EAC XE X;+ +@E\+( AC =S GRE8R+SS=C8' [C"ECS"=E[S S"R=4"+ ];=";
X?+S G@"+ @=?+ +"; "X E0 XR[+ \=RX[+ ]=X; E\=E[S C+"+SS=X_J ;+ ]EAC
(=S"@=AS @@ S+CSX=ECS X;RE[8; X;=S S"R=4"+ ];="; X;+ R+@X=EC XE (=1+R+CX
A+C "E[@( 8RCXJ E]+\+R' X;+ G;_S="@ @E\+ E0 X;+ ]EAC (E+S CEX E1+R
:/ <@ F7 P;9 &FT024EG 247$2;;$# ;OL2 9$ 24G ;$ L; FL4& 9$ 2&;FS
X;+ AC A["; AER+ X;C +\+R_ EX;+R +[X=0[@ ]EAC "E[@( @SE E1+R ;=AJ
;+ @SX R+SEC 0ER ;=S GR+0+R+C"+ 0ER X;+ ";ES+C ]EAC A[SX X;[S @=+ =C X;+
S+CS[@ R+@X=ECSJO C X;=S S+CS+ ;+ "ECX=C[+( ]=X; ;=S GS+[(E<G;=@ESEG;="@
A[S=C8S =C ;=S (=R_ 0REA FDFUJ \=E[S@_' @8QS X[RC=C8 XE CEX;+R AC
A[SX ;\+ ;[RX R@ (++G@_J +' ];E @]_S "ECS=(+R+( ]EA+C S E(QS 8=0X
XE A+C' R+@=`+( X;X ;+ ;( @ESX ;=S C+R@_ EC@_ GSS=ECX+ C( R+@X=\+@_ @EC8
@SX=C8 @E\+J S [S[@ =C S["; S=X[X=ECS' =0 [CG@+SCX E""[RR+C"+S XE[";+(
;=S S+@0<"EC4(+C"+' ;+ XR=+( XE GRG;RS+ C( XE AS? =C"=(+CXS [C0\ER@+
XE ;=A C( A(+ EX;+R G+RSECS ER "=R"[ASXC"+S R+SGECS=@+ 0ER ;=S A=S+R_J
=S @A+CX=C8 =C X;=S "S+ 4@@S Z7 G8+S =C ;=S (=R_ E0 FDFUJ X X;+ +C( E0
"XE+R ;+ XEE? [G 8=C ;=S R+6+"X=ECS E\+R U G8+S EC X;+ R+@X=ECS +X]++C
A+C C( ]EA+C C( X;+=R S+^[@ +;\=ERJ
C E\+A+R' FDFU' ;+ 8R([@@_ "@A+( (E]C C( ;+ 4C=S;+( C RX="@+
C0AC? 4!? -D-0-@A-42 H[@X[R+ ER =\=@=`X=ECI C( "EC"+CXRX+( EC ;=S
@+"X[R+S 0ER X;+ SX[(+CXSJ ER+E\+R' =C
C[R_' FDF,' ;+ R+GERX+( X;X ;+ ]S
(++G@_ =C\E@\+( =C S"=+CX=4" ]ER?J X X;+ +C( E0 +"+A+R' FDFU' ;+ ;( SE@\+(
X;+ GRE@+A E0 SXR+SS (=SXR=[X=EC [C(+R S@=XSJ ;+R+0X+R ;+ =C\+SX=8X+( X;+
"[S+ 0ER X;+ ;ER=ÈCX@ E[X@+X E0 @C(S@=(+ =C "@_ C( EX;+R GRE@+AS =C
0E[C(X=EC +C8=C++R=C8 C( SE=@ A+";C="SJ C
C[R_ ,' FDF,' ;+ R+"+=\+(
@+XX+R 0REA RE0+SSER )ES";@ ]=X; X;+ =CL[=R_ ];+X;+R ;+ ]E[@( X?+ E\+R X;+
";=R E0 ;_(R[@=" +C8=C++R=C8 X R8[+ C=\+RS=X_J R@ \EC +R`8;= ]S
\+R_ ;GG_ C( EC X;+ SA+ +\+C=C8 ;+ ]REX+ "? C( 8\+ ;=S ""+GXC"+
JJJ ER+E\+R ;+ S+CX C E\+R\=+] E0 ;=S "[RR+CX S"=+CX=4" ]ER? XE RE0+SSER
)ES";@J
+ "ECX=C[+( ;=S S"=+CX=4" ]ER? =CX+CS=\+@_ E\+R X;+ C+^X ]++?S' XR_=C8'
0ER +ÂG@+' XE +SX@=S; X;+ "[S+ E0 X;+ G;+CEA+CEC E0 L[="?SC( 0REA X;+
X;+ER+X="@' S ]+@@ S +^G+R=A+CX@ S=(+J C
C[R_ ZF' FDF,' ;+ 8\+ X@?
=C X;+ X;+AX="@ E"=+X_ EC ;=S C+] X;+ER+X="@ R+S[@XS ];="; ]S XX+C(+(
_ S+\+R@ GRE0+SSERS' +J8J RE0+SSER ER";;+=A+R' =+@S+C C( [(+C(ER1J
ER";;+=A+R ]S =AGR+SS+( _ \EC +R`8;=QS C+] =(+SJ
0X+R (_S E0 8R+X "X=\=X_' R@ 0+@@ "? 8=C =CXE SXX+ E0 @A+CX=C8
C( ;+ +^GR+SS+( ;=S SERRE]S E[X @8QS GESS=@+ S+GRX=EC 0REA ;=AJ N 0
@8 =S S+GRX+( 0REA A+' S;+ ]=@@ @ES+ +\+R_ A+CX@ "ECX"X ]=X; A+ C(
S;+ ]=@@ ;\+ C+=X;+R X;+ ]=S; CER X;+ =@=X_ XE S;R+ C +^G+R=+C"+ =CX+RC@@_
]=X; A+JO
C ;=S (=R_ +CXR_ E0 +R[R_ FZ' FDF,' R@ \EC +R`8;= S++A+( XE
A+CX=EC +^G@="=X@_ @8QS R+@X=ECS;=G XE CEX;+R AC& N;+ ;( A+X ;=A EC@_
4\+ ER S=^ X=A+S' EC+ X=A+ E[X(EERS C( X]E X=A+S =C ;=S GRXA+CXJ ;+C
;+ ]CX+( XE +8=C ((R+SS=C8 ;+R ]=X; [ HX;+ =CX=AX+ _E[' X;+ [X;ERI'
S;+ (=( CEX R+SGEC( XE =X C( X;XQS 4C@J +0ER+ X;+_ S] +"; EX;+R +\+R_
(_' =C X;+ AERC=C8 ER =C X;+ 0X+RCEEC' ;E]+\+R =X "A+' =X ;GG+C+(J
SXRC8+ R+@X=ECS;=GJ +\+R C =CX=AX+ X@? C( ;+ (=(CQX ;\+ X;+ "E[R8+
XE (+AC( SEA+X;=C8 X;X "E[@( ;[RX ;+R ER (=S8[SX ;+RJ ;+ ];E@+ X;=C8
]S GRE(["X E0 [CE[C( @E\+ E0 @=0+ C( E0 X;+ ]=S; XE ";@@+C8+ X;+ ];E@+
<@/ 2& 9LF9& L; 4&9& :-
;9 &FT024EG &FL2 =F&GGOF& L&GL 49 ;9GL9L49;=7&# <:<:@
]ER@(J + ]S CEX ]+?<]=@@+(' X;E[8;' ;+ S++AS XE ;\+ C [C"+RX=C 0++@=C8

E0 S;_C+SS 0"=C8 ;+RJ X+C(+R' 4C+ ;[AC +=C8 RE[C( X;=RX_J + ]=@@
"+RX=C@_ R+A+A+R ;+R EC@_ ]=X; 8R+X R+SG+"XJO
[R=C8 X;+ SGR=C8 C( S[AA+R E0 FDF,' R@ \EC +R`8;= 4C=S;+(
X;+ +SS_ C0AC?! 4? -D-0-HA-42 HX;+ "EAG@+X+ X=X@+ ]S A-420-@A,-@A
7<D40/-@+=8,C0AC?! 4? -D-0-HA-42 4# 4?!-)2 !@' C( X;+ +SS_ "ECX=C+(
E\=E[S@_ R"=SX =(+S' X;+ [X;ERI' ];="; ;+ (+(="X+( XE RE0+SSER =XX+C<
[+R' ];E ;( =C6[+C"+( ;=S ]R=X=C8S XE 8R+X +^X+CX C( ];="; ;+ S+CX
XE X;+ G[@=S;+R J =S";+R =C +R@=CJ [RX;+RAER+' ;+ +8C ;=S ]ER? EC X;+
+RX; GR+SS[R+ X;+ER_ =C +RC+SX C( (=( SEA+ X+SXS EC 8@=(=C8 S[R0"+SJ
REA [SXR= ;+ R+"+=\+( ( C+]SJ ;+ R+X[RC=C8 E@S;+\=SXS ;( (+\S<
XX+( X;+ "E[CXR_ C( X;+ G+EG@+ ]+R+ S[1+R=C8 0REA ;[C8+R' ]=X; EC@_ X]E
SA@@ @E\+S E0 R+( +"; ]++?J
[R=C8 X;=S X=A+ ;=S 4CC"=@ S=X[X=EC S++A+( XE + =C \+R_ ( S;G+J
=S =C"EA+ ]S @E] C( ;=S GR=\X+ A+CS ]+R+ +^;[SX+(J ;+R+0ER+' ;+
]REX+ @+XX+R NXE X;+ [X;ER=`+( ^"+@@+C"+O E0 X;+ ?J[J?J A=@=XR_ ]=X; X;+
R+L[+SX XE +AG@E_ ;=A 8=C 0ER "X=\+ ([X_ =C X;+ [SXR=C RA_J
X X;+ +C( E0
[C+' FDF,' ;+ 0ERA[@X+( X;+ 4RSX (R0X E0 ;=S C+] +RX;
GR+SS[R+ X;+ER_J + 8\+ X@? EC X;=S XEG="J E]+\+R' ;+ ]S CEX SX=S4+(
:J <@ F7 P;9 &FT024EG 247$2;;$# ;OL2 9$ 24G ;$ L; FL4& 9$ 2&;FS
+"[S+ ;+ +@=+\+( X;X ;+ ;( CEX SGE?+C ]+@@J =S X;E[8;XS ]+R+ E\=E[S@_
SX=@@ XEE 0R+S;J + SGE?+ XEE 0SX C( 0ER8EX =AGERXCX GE=CXSJ 0X+R X;+ X@?
]S E\+R E0RX ER";;+=A+R - S ]+@@ S EX;+R "E@@+8[+S XX+C(=C8 X;+ X@?
- ]S S=@+CXJ E]+\+R' ];+C R@ ]S @EC+ ]=X; ER";;+=A+R' X;+ E0RX
"EC8RX[@X+( ;=A C( SXX+(& NE[R ]ER? =S 0[C(A+CX@JO "? X ;EA+
R@ +C>E_+( @8QS G@_=C8 E0 R=+8QS ++R _CX S[=X+ EC X;+ G=CEJ
X X;+ +C( E0
[C+ C( X;+ +8=CC=C8 E0
[@_' FDF,' ;+ ]REX+ S;ERX
GR=ER=X_ CCE[C"+A+CX E0 ;=S C+] 4C(=C8SJ ;+ "EAG@+X+ C+] +RX; GR+SS[R+
X;+ER_ ]S 4C@@_ G[@=S;+( =C FDFD C( FDZa C( 0E[C( SEA+ =CX+R+SX =C
"=\=@ +C8=C++R=C8 "=R"@+SJ
C [8[SX' R@ R+"+=\+( @+XX+R 0REA X;+ G[@=S;+R J =S";+R' R+>+"X=C8
;=S RX="@+ C0AC?! 4? -D-0-HA-42J N+ 4C( X;+ =(+S C( XX=X[(+ E0 X;+
[X;ER \@[@+T ;E]+\+R' X;+ ACC+R E0 X;+ R+GR+S+CXX=EC ;S RE[8;X E[X
X;X X;+ ]ER? GG+RS +^;[SX=C8 =C =XS ]=XX_ S_=C8SJO
C X;+ SA+ AECX; ;+ @SE R+"+=\+( C EG+C ER(+R 0REA X;+ =C=SXR_ E0
(["X=EC X;X ;=S SX_ =C ECSXCX=CEG@+ ]S E\+R C( X;X ;+ ]S XE R+X[RC
XE =+CCJ
;+ ER(+R "A+ [C(E[X+(@_ X X;+ ]REC8 X=A+J R@ \EC +R`8;= 0+@X
X;X ;+ ]S =C X;+ AESX "R+X=\+ G;S+ E0 ;=S @=0+' ];="; ;+ ]E[@( C+\+R R+";
8=CJ + (+"=(+( XE 8E XE =+CC =AA+(=X+@_ XE "@R=0_ X;+ ( S=X[X=ECJ
C =+CC ;+ ]+CX 0REA EC+ (+GRXA+CX XE X;+ C+^X' X;E[8; ]=X; CE S[""+SSJ
+ ;( @EX E0 0R++ X=A+ C( SG+CX =X \=S=X=C8 R` 8=CJ + RR=\+( =C
R` X Z J AJ =C X;+ AERC=C8J =S AEX;+R R+"+=\+( ;=A ]=X; 8R+X @E\+ C(
X+C(+RC+SSJ + 0E[C( ;+R S X;=C S S?+@+XEC S R+S[@X E0 X;+ ( GRE\=S=ECS
([R=C8 X;+ ]R& EC@_ Va 8RAS E0 0X G+R ;+( ]++?' A+X X]E X=A+S ]++?
C( X;+ AE[CX E0 (R=+( \+8+X@+S ]S A=S+R@_ GREGERX=EC+(J [R=C8 X;+
C+^X (_S ;+ A+X S+\+R@ 0ERA+R 0R=+C(S' 0RX+RC=X_ "REC=+SJ + R+"@@+( ;=S
";=@(;EE( C( \=S=X+( X;+ S"+C+S C( ;[CXS E0 ;=S _E[X;J N+SX+R(_' =C X;+
+\+C=C8' ];+C R+X[RC+(' SX C+R@_ AER+ X;C EC+ ;E[R =C X;+ REEA =C
];="; A_ 8RC(0X;+R @=\+( X X;X X=A+' X;+ 8EE( SG=R=X E0 A_ +=C8' C(
8\+ ]_ XE E@( A+AER=+ST +\+R_ G=+"+ ];="; =S =C X;+ REEA' =S G@"+( =C
SEA+ R+@X=EC XE A_ ";=@(;EE(J C X;=S REEA 8RC(0X;+R R=S+( X;+ +SX C(
X;+ ;E@=+SX ];="; GESS+SS' X;+ SE@[X+ SXR+C8X; E0 ";R"X+RJO ER+E\+R' ;+
;( X=A+ XE ]R=X+ S+\+CX++C @E\+ @+XX+RS XE ;=S ]=0+ @8 R+6+"X=C8 EC' AEC8
EX;+R X;=C8S' ;=S RE@+ S ;[SC( C( R+A=C(=C8 ;+R CEX XE + SE EG+C<;C(+(
=C X;+ ;E[S+;E@(J \=E[S@_' ;+ (=(CQX S+C( X;+ @+XX+RS XE @8J 0X+R ;+ ;(
]R=XX+C X;+ @SX @+XX+R ;+ GEC(+R+(& N@8 =S CEX @+ XE S_AGX;=`+ ]=X;
];X X;=C? C( 0++@J @R+(_ ?C+] X;=S _+RS 8E C( X;+R+0ER+ ]CX+(
CE ";=@( ]=X; ;+RT EC+ ]=S;+S ";=@( EC@_ 0REA ]EAC E0 ];EA EC+ =S
S[R+ X;X S;+ =S @+ XE + 0[@@ "EAGC=ECJ ESS=@_ @8 ]=@@ [C(+RSXC( =C
SEA+ _+RS ];X S;+ SX=@@ E]+S A+ XE(_' =C GESS+SS=EC E0 A_ @E\+J ;+ X;=C?S
GESS=@_ S;+ =S X;+ R[@+R E0 X;+ S=X[X=EC' +"[S+ A_ X;E[8;XS C( 0++@=C8S
GSS ;+R ]=X;E[X XR"+J E]+\+R' X;=S ?=C( E0 R[@+ A[SX + E[8;X (+R@_'
EC+ G_S ]=X; @EC+SEA+ ;+RXJO
<@/ 2& 9LF9& L; 4&9& :I
X X;+ +C( E0 +GX+A+R' R@ \EC +R`8;= XR\+@@+( "? XE =+CC'

];+R+ ;+ \=S=X+( S+\+R@ 0R=+C(SJ @";+R' ;=S @EC8<X=A+ 0R=+C(' XE@( E[X
R@QS "EAGC=ECS X SG+RC' CA+@_ =";R( \EC =S+S C( ;+E(ER \EC
RACJ =";R( \EC =S+S ;( 0ERA+( SXREC8 8RE[G ]=X; X]E EX;+R A+A<
+RS E0 X;+ SX1 X SG+RC C( X;=S 8RE[G GG+R+( XE ;\+ +"EA+ XEE
GE]+R0[@J N =S+S =S CE] G=@EX =C X;+ E[X;]+SXJO ;+E(ER \EC RA C ]S
""[S+( E0 (+@=C8 ]=X; +^X+RC@ "EAGC=+S C( N=S S=XX=C8 XE(_ S X+";<
C="@ E2"+R JJJ =C X;+ =CC+R GRX E0 [C8R_JO
";1+RC? 8\+ ;=A SEA+ "?8RE[C( =C0ERAX=EC E[X ;=S S+X"? X
X;+ +";C=S";+ E";S";[@+ =C R8[+ C( XE@( ;=A X;X ;=S GG@="X=EC ;(
@R+(_ ++C R+\=+]+( X X;+ \+R_ +8=CC=C8 E0 X;+ CEA=CX=EC GRE"+([R+ ]=X;
\+R_ C+8X=\+ R+S[@XJ C+ E0 X;+ A+A+RS E0 X;+ CEA=CX=EC "EAA=XX++ ;(
"EAA+CX+( EC X;=S ]=X; X;+ ]ER(S& N+S' ;+ S;E[@( ;\+ +"EA+ R+S+R";
XR\+@@+R C( CEX C +C8=C++RJO
;+ AERC=C8 C+]SGG+RS RE[8;X X;+ C+]S X;X X;+ [@8R=C 0RECX ;(
"E@@GS+( C( X;+_ "EAA+CX+( EC X;=S E""[RR+C"+ =C S["; 0R++ C( SERRE]0[@
XEC+ X;X +\+R_ R+(+R 8EX X;+ =AGR+SS=EC X;X X;+ "XSXREG;+ @_ =AA+(=<
X+@_ ;+(J C X;+ 0X+RCEEC R@ \=S=X+( J J R) E;@=";' ;=S "E]ER?+R =C
S+\+R@ G@"+S =C [REG+' ];E ]S \+R_ "EC"+RC+( E[X X;+ S=X[X=EC X
X;+ 0RECXJ R@ ]S E\=E[S@_ CEX EX;+R+( _ X;+ (+\+@EGA+CX E0 X;+ ]R'
S=C"+ R)
E;@="; S=( XE ;=A& N;=S =S X;+ AESX A+AER@+ +\+C=C8 ]+ ;\+ @=\+(
X;RE[8; XE8+X;+R C( "CCEX "EC"+=\+ X;X _E[ SX=@@ "C (+@ ]=X; _E[R +RX;
GR+SS[R+ X;+ER_ =C X;+S+ X=A+S E0 ]ER@( ;=SXER="@ =AGERXC"+JO 0X+R S[GG+R'
R@ G"?+( ;=S @[888+ C( ]ER?+( EC X;+ 4C@ 0ERA E0 ;=S AC[S"R=GX [C<
X=@ X;+ C+^X AERC=C8' S+CX =X E1 C( RE(+ X;+C XE X;+ CERX;<R=@]_ SXX=EC'
R[S;=C8 0ER ECSXCX=CEG@+J C +@8R(+ X;+ ]8EC ]S [C"E[G@+( C( X;+
GSS+C8+RS ;( XE SX_ =C X;+ "RE](+( C=8;X<]8ECJ C [@8R= X;+_ RE(+
]=X;E[X @=8;XSJ ;+ XR=C SXEGG+( S+\+R@ X=A+S ]=X;E[X G+R"+GX=@+ R+<
SECJ C X;+ SX X;+_ S] "ECX=C[E[S S;++X @=8;X+C=C8J C E4' R@ 8EX
S@++G=C8 "=CJ ;+C ;+ ]E?+ X;+ C+^X AERC=C8 0X+R C+R@_ L[=+X C=8;X'
;+ ]S @R+(_ EC [R?=S; 8RE[C(J =X; X+C ;E[RS (+@_ ;+ RR=\+( =C EC<
SXCX=CEG@+' ];+R+ @8 ]+@"EA+( ;=AJ C X;+ +\+C=C8 E0 "XE+R F' N \=S=X+(
ER";;+=A+R =C ;=S (+GRXA+CX C( =C0ERA+( ;=A X;X ]S ]=X=C8 0ER A_
SS=8CA+CX XE +@8R(+JO R@ ;( @R+(_ ++C XE@( E0 X;+ GESS=@+ SS=8C<
A+CX XE +@8R(+J
;+ ]R "A+ 8R([@@_ "@ES+R XE [R?+_J RE[C( "XE+R V' =X +"A+
?CE]C X;X X;+ @R8+SX GRX E0 X;+ +RAC C( [SXR=C XREEGS 48;X=C8
=C _R= ;( ++C "GX[R+( _ X;+ C8@=S;J ;+ [R?S ;( RE?+C E1' EC
G[RGES+' X;+=R "ECX"XS ]=X; X;+ +RAC C+=8;ER @=C+S C( R+XR+X+( ]=X;E[X
A?=C8 X;+=R =CX+CX=ECS ?CE]C +0ER+;C(J C@_ 0E[R ER 4\+ RX=@@+R_ E2"+RS
;( R+S"[+( X;+AS+@\+S 0REA X;+ 8+C+R@ (+"@+J
C "XE+R FY' X;+ G+EG@+ =C ECSXCX=CEG@+ S] X;+ ;=SXER="@ X;+X+R
E0 X;+ RR=\@ E0 X;+ CX+CX+ \+SS+@SJ EA+ (_S @X+R X;+ 4RSX R+C"; SE@(=+RS
]+R+ ]+@"EA+( _ X;+ =C;=XCXS E0 ECSXCX=CEG@+J
:' <@ F7 P;9 &FT024EG 247$2;;$# ;OL2 9$ 24G ;$ L; FL4& 9$ 2&;FS
C "XE+R F5' FDF,' R[AERS "=R"[@X+( X;X (R=CEG@+ ;( ++C E""[<
G=+( _ C8@=S; XREEGS C( C [SXR=C SX+A+R ;( ++C XERG+(E+( _
[@8R=C S[AR=C+ =C X;+ @"? +J ER+E\+R' @SE =C ECSXCX=CEG@+ X;+
G+EG@+ 0+@X X;+ X+RRER E0 X;+ ]RJ C SXR++X CEX 0R ]_ 0REA X;+ `R'
C =R"R0X EA +^G@E(+(' ?=@@=C8 RE[C( X]+CX_ G+EG@+ C( =C>[R=C8 40X_ ER
S=^X_J
C R=(_' =C X;+ +\+C=C8' X;+ \EC +R`8;=S ;( 8[+SXS C( X;+_ +C>E_+(
C +CX+RX=C=C8 +\+C=C8J 0X+R X;+ 8[+SXS ;( 8EC+ R@ X@?+( ]=X; @8 0ER
S+\+R@ ;E[RSJ + XR=+( XE G+RS[(+ @8 XE @+\+ ECSXCX=CEG@+ 0ER [SXR=J
@8 R+>+"X+( X;+ GREGES@' SXX=C8 X;X [SXR= ]S AER+ (C8+RE[S X;C
ECSXCX=CEG@+J
E]R(S X;+ +C( E0 X;+ ]R X;+ GR+SS ";C8+( =XS EG=C=ECJ _ _ (_
EC+ "E[@( R+( RX="@+S 8=CSX +RAC_J +RAC_ ;( 0ER"+( [R?+_ XE X?+
GRX =C X;+ ]R C( CE] S X;=C8S ]+CX ( 0ER [R?+_ X;+ +RACS ]+R+
0ERS?=C8 X;+ "EC0+(+RX=EC - C8@C( S;E[@( + X;+ CX[R@ @@_ E0 [R?+_J
C "XE+R ZD' R@ \EC +R`8;= ;+R( X;+ C+]S X;X X;+ +RAC 8+C<
+R@ [(+C(ER0 ;( R+S=8C+(J ;=S E""[RR+C"+ ]S "ECS=(+R+( S X;+ 4RSX S=8C
E0 +RAC_QS XEX@ S[RR+C(+RJ C "XE+R Ya' FDF,' R@ ]S =C0ERA+( X;X
X;+ RA=SX="+ "EC(=X=ECS ]+R+ @R+(_ ?CE]C& EG+C=C8 E0 X;+ R(C+@@+S'
+\"[X=EC E0 _R= C( +SEGEXA=' +^G[@S=EC E0 +RACS C( [SXR=CSJ
R@ ]S ER(+R+( XE >E=C X;+ C+^X XRCSGERX XE8+X;+R ]=X; ;=S 0A=@_J ER";<
;+=A+R ]S \+R_ (=SA_+( X X;+ C+]S E0 X;+ "EA=C8 +\"[X=ECJ
C X;+ 4RSX ;@0 E0 E\+A+R' FDF,' X;+ ]ER@( ;( XRCS0ERA+( (RAX<
="@@_J [SXR= C( +RAC_ ;( GRE"@=A+( X;+=R RA=SX="+J N;+ [SXR=C
RA_ H5aa aaa SE@(=+RSI ;S ++C "GX[R+( C( =CX+RC+( _ X;+ X@=CS C(
X;+ R+CC+R @=C+ C( X;+ [SX+R\@@+_ E""[G=+(' ""ER(=C8 XE E2"+R "=R"@+ST
E@S;=\=SA =C +RAC_T R+GERX E0 X;+ "ERGER@ J' =C [C8R_ X;+R+ =S CR<
";_' X;+ ;=8;+R E2"+RS R+ =CS[@X+( C( A=SXR+X+(' G@[C(+R=C8 =S X;+ ER(+R
E0 X;+ (_JO
R@ \EC +R`8;= S A+A+R E0 (+0+X+( CX=EC ]S (=SA=SS+( X X;+
C8+C=+[R<E";S";[@+ =C ECSXCX=CEG@+ C( ]S ]=X;E[X =C"EA+J ;+R+0ER+'
EC +"+A+R F' FDF,' ;+ XR=+( XE 8+X GES=X=EC X E+RX E@@+8+J =S XX+AGX
]S S[""+SS0[@J E+RX E@@+8+' @E"X+( =C X;+ SA@@ "EAA[C=X_ E0 ++?'
CERX; E0 ECSXCX=CEG@+' =C 0ERA+R X=A+S A=SS=ECR_ S";EE@' ;( +^GC(+(
=XS GRE8RA XE +C8=C++R=C8 C( R@ 0E[C( GES=X=EC S C =CSXR["XER =C
X;+RAE(_CA="S C( 8S X+";CE@E8_J
EC(_' +"+A+R D' ;+ AE\+( XE E+RX E@@+8+ C( EC +(C+S(_'
+"+A+R FF' ;+ +8C ]=X; ;=S @+"X[R+S =C C8@=S;J ;+R+ ]+R+ EC@_ 0+]
SX[(+CXS XX+C(=C8 X;+ "@SS' ];E GEER@_ GR+GR+( 0ER X;+ AX+R=@ EC ];=";
;+ @+"X[R+(J EA+ (_S @X+R ;+ R+"+=\+( X;+ GR+@=A=CR_ R+S=(+C"+ G+RA=X
[CX=@
C[R_ Za' FDFDJ ;+ R+S=(+C"+ G+RA=X ]S GRE@EC8+( ]=X; X;+ S[GGERX
E0 X;+ ]+(=S; ASS(ERJ C +"+A+R F,' @8 C( +R 0E@@E]+( ;=A
XE R+CX+( ;E[S+ "@ES+ XE E+RX E@@+8+J [R=C8 X;+ C+^X ]++?S' R@ \EC
+R`8;= ]S (++G@_ =C\E@\+( =C S"=+CX=4" ]ER?J + ]ER?+( ;R( EC \R=E[S
<@/ 2& 9LF9& L; 4&9& ::
70 P;9 &FT024 ><:<J?
GRE@+AS E0 SX[RX+( SE=@ST 0ER +ÂG@+' ;+ X;E[8;X E[X X;+ G+RA+=@=X_

E0 4C+@_ 8RC[@X+( SC( C( ;+ S[GGERX+( X;+ \=+] X;X R"_QS @] ]S
CE @EC8+R \@=(J ER+E\+R' ;+ (+S=8C+( C GGRX[S 0ER X;+ (+X+RA=CX=EC E0
(+0ERAX=EC (=8RAS E0 "@_ C( =C X;+ 4RSX ]++? E0 R"; ;+ C+R@_ 4C=S;+(
GG+R EC (AS EC G+RA+@+ 0E[C(X=ECS S ]+@@ S X;+ "EAG[XX=EC E0 X;+
4@XRX=EC GRE"+SS+S +C+X; ";CC+@SJ
C X;+ S+"EC( ;@0 E0 R";' FDFD' R@ \EC +R`8;= XR=+( XE 8+X S+XX@+(
X E+RX E@@+8+J + G[X [G C+] G=CX=C8S =C ;=S E2"+ C( ;+ (+S=8C+(
]ER?=C8 (+S?' "@ES+XS C( C GGRX[S 0ER X;+ (+X+RA=CX=EC E0 X;+ G+RA+<
=@=X_ 0"XERJ ;+ SX[(+CXSQ @"? E0 +^G+R=+C"+ GRE\+( GRE@+AJ NX[(+CXS
"EAG@=C E[X X;+ X+";=C8 A+X;E(SJ +RS R+ @ESX' S=" ?CE]@+(8+ =S A=SS<
=C8J \+ CE =(+ E0 A+";C="SJ J H "E@@+8[+' X;+ [X;ERI (E+S CEX ?CE]
"@"[@X=EC E0 0RA+SJ EE(_ S++AS XE ;\+ ;+R( E0 R"_QS @]JO
R@ \EC +R`8;= (S;+( E1' 0[RX;+RAER+' SEA+ CEX+S R+8R(=C8 X;+ GE<
@=X="@ C( SE"=@ S=X[X=EC =C SEA+ [REG+C "E[CXR=+S 0X+R X;+ +C( E0 X;+
X+RR=@+ ]R =C ;=S (=R_J N+AGERR=@_' C8@C( =S A?=C8 C +1ERX XE ?++G
+RAC_ C( S[GGERX =X ]=X; 0EE(' 8=CSX RC"+ C( X@_' ];="; ]CX XE
R[=C +RAC_J ER @+(+RS =C C8@C( \+R_ R+SEC@+ "ECXRR_ XE @+(+RS
=C X;+ C=X+( XX+SJ ]E AECX;S 8E ;[8+ SXR=?+S =C @S8E] C( EX;+R
"=X=+ST 0X+R =AGERXCX "EC"+SS=ECS XE X;+ ]ER?=C8<"@SST ;=8; ]8+S "EAG+C<
SX+( _ +XX+R ER8C=`X=EC' A+X;E(S S;@@ + 4^+( _ C =C([SXR=@ ER(
<UU <@ F7 P;9 &FT024EG 247$2;;$# ;OL2 9$ 24G ;$ L; FL4& 9$ 2&;FS
70 9$ F7 P;9 &FT024 49 ;9GL9L49;=7&
"ECS=SX=C8 E0 +AG@E_+RS C( +AG@E_++SJ C X;+ "E[RS+ E0 X;+ @SX X+C _+RS
R+AR?@+ (+"R+S+ =C @"E;E@=SA ]=X;=C X;+ ]ER?=C8<"@SSJ =((@+ "@SS =C
C8@C( X (++G @+\+@' =CSX+( E0 =X' X;+ R=SXE"R"_ SXC(S ;=8;+RJ E R<
RE8C"+' EC@_ +^"@[S=\=X_J EE( [C(+RSXC(=C8 ]=X;=C X;+ G+RSEC@ R+@X=EC<
S;=G +X]++C A+A+RS E0 X;+ R=SXE"R"_ C( X;+ ]ER?=C8<"@SSJO R@ \EC
+R`8;= 0[RX;+R "ECX=C[+(& NX;+ [@8R=C X+@@S' (+SS X?+C _ X;+ E@S;+<
\=SXSJ C [C8R=C "=C+X J E\+RX;RE]C' E@S;+\=SXS 48;XS XE8+X;+R ]=X;
[C8R=C E@S;+\=SXS 8=CSX X;+ EAC=C' ;=C(+R _ 0ER"+ E0 RAS X;+
E""[GX=EC E0 RCS_@\C=' X;+ XR=C R=S - ECSXCX=CEG@+ (E+S CEX R[C
C_AER+J [AERS' "=C+X @+A+C"+[ =S E\+RX;RE]C' S+R=E[S X[A[@X =C C8<
@C( C( C(=' 48;XS +X]++C +R=CS C( REX=CSJ ;+ ]=SS R+GERXS'
X;X X;+ ];E@+ R+SEC@+ ]=SS ]ER?=C8<"@SS ;S [C=X+( 8=CSX X;+ GREG<
8C( ]ER? E0 X;+ ER8CS E0 X;+ +RAC E@S;+\=SX GRX_J ;+ 0[@@ ""ER(
C( X;+ +1+"X=\+C+SS ;\+ ++C R+AR?@+J
;+ CX+CX+ ;S X+AGERR=@_ S[GGR+SS+( @@ GE@=X="@ C+]S' X;+ C+]SGG+RS
R=C8 CEX;=C8J REA X;+ @!?D!? EC+ "C (R] X;X X;+ AE(+RX+ E"=@
GRX_ HA>ER=X_ E0 X;+ G+EG@+I =S XEX@@_ =C X;+ ;C(S E0 X;+
+]SJ J +@=+\+S
CEX;=C8 "C + S=( E[X X;+ SXR["X[R+ C( GRE8RA E0 X;+ A=CER=X_ GRX=+S'
S X;+S+ ";C8+ 0REA ]++? XE ]++?JO
<@/ 2& 9LF9& L; 4&9& <U<
X X;+ +8=CC=C8 E0 FDFD R@ \EC +R`8;= =CSX@@+( - ]=X; SA@@ 8RCX
0REA E+RX E@@+8+ - @ERXER_ =C ER(+R XE =C\+SX=8X+' =C GRX="[@R' X;+
G+RA+=@=X_ E0 SE=@S ([+ XE ";C8+ E0 ]X+R GR+SS[R+J
0 EC+ @E(S SXX="@@_ SX++@' X=A+R' "EC"R+X+' SXEC+' C( (R_ SC(' C(
A+S[R+S X;+ (+0ERAX=ECS =C SA@@ RC8+' EC+ R+"E8C=`+S X;X X;+ 4C@
(+0ERAX=EC SXX+ =S R+";+( =AA+(=X+@_J ;+ 0"XER X=A+ (E+S CEX G@_ C_
RE@+J E]+\+R' X;+ S=X[X=EC ";C8+S "EAG@+X+@_ 0ER "@_J ;=S 0"X ;( ++C
E\+R@EE?+( 0ER "ECS=(+R@+ X=A+J X ]S R@ \EC +R`8;= ];E 8[+SS+( -
=CSG=R+( _ ;=S =@=X_ XE R+"E8C=`+ =AGERXCX G;_S="@ G;+CEA+C - X;X X=A+
A[SX ;\+ (+"=S=\+ =C6[+C"+ EC X;+ (+0ERAX=EC E0 "@_ C( "@_@=?+ SE=@SJ C
@+XX+R XE RE0+SSER =XX+C[+R ;+ SXX+(& N C +R[R_ HFDFD' X;+ [X;ERI
"EAGES+( X;+ER+X="@ ]ER? E[X ]+=R<"ECSXR["X=EC GRE@+A C( X X;+
+8=CC=C8 E0 R";' G[X XE8+X;+R EC S;++X E0 GG+R ];X C++(+( XE +
?CE]C R+8R(=C8 X;+ SXR+C8X; C( G;_S="@ GREG+RX=+S E0 "@_S =C ER(+R XE +
@+ XE XR+X X;+ 0[C(A+CX@S E0 +RX;]ER? EC S"=+CX=4" S=SJO =X;E[X
"@+R X;+ER+X="@ "EC"+GX' ;+ ]E[@( (+S=8C S+R=+S E0 X+SX (+\="+SJ
C EC(_' R"; YF' ;+ X+SX+( X;+ 4RSX GGRX[S =C ER(+R XE SXRX +^<
G+R=A+CXS EC SC( =C R=S=C8 ]X+R C( ;+ SXX+( X;X X;+ <GGRX[S H0ER
G+RA+=@=X_I C( SX[RX=EC<@=C+ GGRX[S ]+R+ R+(_ C( X;+ [@?;+( G<
GRX[S ]S 8E=C8 XE + AC[0"X[R+(J C [C(_' GR=@ V' ;+ R+GERX+( X;X
;+ ;( SXRX+( XE A?+ S?+X"; 0ER GR+SS[R+ SXR+C8X; GGRX[S (_ +<
0ER+J ;=S S;E[@( + X;+ +SX GGRX[S ;+ ;( (+S=8C+(J X+R X;=S (+\="+ ]S
CA+( E)(EA+X+R H(+R=\+( 0REA X;+ R++? ]ER( H0ER S]+@@=C8IIJ +
G@CC+( XE [=@(' =C ((=X=EC' (+\="+ 0ER X;+ (+X+RA=CX=EC E0 X;+ =C6[+C"+
E0 X;+ GR+SS[R+ EC HG+RA+=@=X_ 0"XERI' "EA=CX=EC E0 ;=S G+RA+=@=X_
(+\="+ C( ;=S E)(EA+X+RJ
;+ (R]"? E0 ;=S (+\="+S ]S X;X X;+_ EC@_ G+RA=XX+( EC+<(=A+CS=EC@
@E( SXX+S C( X;X =X ]S CEX GESS=@+ XE R=C8 X;R++<(=A+CS=EC@ SXR+SS
SXX+S =CXE SAG@+' @X;E[8; S["; C GGRX[S ]S @R+(_ ?CE]C =C FDFFJ
\=E[S@_' R@ \EC +R`8;= ;( CEX 0E@@E]+( X;+ @=X+RX[R+ EC A+";C="S
C( +^G+R=A+CX@ R+S+R";J ;[S' ;+ ;( "EAG@+X+@_ A=SS+( X;+ 0[C(A+CX@
]ER? E0 ;+E(ER \EC RAC =C FDFFJ ;=S =S @@ X;+ AER+ A`=C8 +"[S+
R@ ?C+] ;=A @R+(_ 0REA ;=S S+R\="+ X SG+RCJ C X;+ "E[RS+ E0 \+R=0_=C8
X;+ 0=@[R+ "EC(=X=EC E0 J E;R 0ER R=XX@+ AX+R=@S' \EC RAC (+S=8C+(
C GGRX[S ];="; ]S "ECSX=X[X+( =C S["; ]_ X;X 0ER "_@=C(R="@
SAG@+ X;+ @@<RE[C( >"?+X<GR+SS[R+ C( X;+ ^=@ 0ER"+ "E[@( + ";C8+(
C( A+S[R+( =C(+G+C(+CX@_J ;=S (+\="+' AC[0"X[R+( _ X;+ 4RA R=+(R=";
R[GG =C SS+C' +RAC_' =S CE] ?CE]C S X;+ XR=^=@ GGRX[SJ =X; X;=S
GGRX[S' EC+ 8=C+( A["; AER+ =C0ERAX=EC E[X X;+ G;_S="@ +;\=ER
E0 X;+ AX+R=@ XE + =C\+SX=8X+(J
C SE=@ A+";C="S' X;+ XR=^=@ X+SXS ]+R+ G+R0ERA+( _ ;R+C+R8' ];E
]S =C ";R8+ E0 X;+ +GRXA+CX E0 E[C(X=EC C8=C++R=C8 E0 X;+ ?!C*-,
@+! !?@C+@2@A0A #C? @@!?C C2 +-$C H+R@=CI =C FDZUJ C X;+ 0@@
<UN <@ F7 P;9 &FT024EG 247$2;;$# ;OL2 9$ 24G ;$ L; FL4& 9$ 2&;FS
FQ490 ;) 9 %
;$;8&L&F
94&9L ;9G;74$;8&L&F >%

;$;8&L&F?
<@/ 2& 9LF9& L; 4&9& <UM
E0 FDZD RX;[R S8RC(+ \=S=X+( X;+ !?@C+@2@A0A J + N]S 8R+X@_ =A<

GR+SS+( _ X;+ (+S=8C E0 X;=S GGRX[SJO C R+GERX ;+ SXX+(& N+"+CX@_ C
GGRX[S ]S (+S=8C+( 0ER X;+ G[RGES+ E0 G+R0ERA=C8 "EAGR+SS=EC C( G+R<
A+=@=X_ X+SXS EC [C(=SX[R+( "@_ "_@=C(+RSJ ;=S GGRX[S =S "ECSXR["X+(
=C S["; ACC+R X;X "EAGR+SS=EC X+SXS "C + A(+ ]=X; C_ @X+R@ GR+S<
S[R+J ;=S GESS==@=X_ ]=@@ "+RX=C@_ R+C(+R X;=S GGRX[S \+R_ \@[@+ 0ER
R+S+R";J ;+ "EAGR+SS==@=X_ E0 SE=@ S 0[C"X=EC E0 X;+ A=CER GR=C"=G@
SXR+SS S;E[@( + ?CE]C S S=S 0ER "ERR+"X (+X+RA=CX=EC E0 X;+ @X+R@
(+0ERAX=EC +C+X; @E(+( R+J E]+\+R' CE GR"X="@ GGRX[S ;S ++C
\=@@+ GR=ER XE X;=S X=A+JO RX;[R S8RC(+ S?+X";+( X;+ GGRX[S =C
;=S CEX+S' ];="; =C"@[(+( @@ +SS+CX=@ 0+X[R+S E0 X;+ (+\="+J AA+(=X+@_
0X+R ;=S R+X[RC N0REA =+CC XE J JJ' =C R";' FDYa' X;+ XR=^=@ GGR<
X[S ]S L[="?@_ [=@XJO C X;+ X=A+ XE 0E@@E] "E<]ER?+R X J JJ ";C8+(
X;+ (+S=8C @=XX@+ ];+R+S RX;[R S8RC(+' CE] X R\R(' SX=@@ [S+(
X;+ ER=8=C@ GGRX[S& NER AC_ _+RS X;+S+ X]E X_G+ E0 GGRX[S ]+R+
S=AG@_ R+0+RR+( XE S X;+ ?D?,AG6! C( X;+ 9 99,AG6!JO C ;=S GG+R
0REA X;+ +R@_ FDYaS RX;[R S8RC(+ 8\+ X;+ =AGR+SS=EC X;X ;+ ;(
R+=C\+CX+( X;+ XR=^=@ GGRX[S ];="; XE(_ G@_S S["; C =AGERXCX RE@+
=C 8+EX+";C="@ +C8=C++R=C8 =C\+SX=8X=ECSJ
C GR=@ Y' FDFD' E0RX RE0+SSER ER";;+=A+R S=( 8EE(<_+J ;+
0R+]+@@ ]S \+R_ +AEX=EC@T X;+ E0RX C( R@ ;( XR\+@@+( (E]C X;+
SA+ RE( 0ER @EC8 X=A+J
R@QS AEX;+R ]REX+ =C @+XX+R X;X ;=S ];E@+ @[888+ ];="; ;+ ;( S+CX
XE [SXR= \= (+SS ;( ++C S+=`+( =C +SX ?R=C=J C R` X;+ @=\=C8
S=X[X=EC ]S \+R_ (& NFZ5 8RAS E0 6E[R G+R ]++?' aJ5 @=X+RS E0 G+XRE@+[A
G+R AECX; C( S=C"+ +"+A+R 8S @E"?(+JO
RE[C( X;+ A=(SX E0 GR=@' FDFD' R@ \EC +R`8;= R+GERX+( E[X X;+
0X+ E0 C+R@_ Zaa'aaa RA+C=CS ];E ]+R+ SX_=C8 =C S;"?SJ R([@@_ X;+_
]+R+ XRCSGERX+( XE X;+=R ;EA+ \=@@8+S =C 8RE[GS E0 7aa G+RSECS G+R R=@]_J
C @@ A[C="=G@=X=+S X;+ [X;ER=X=+S ER(+R+( X;+ [R?S C( RS XE ;C(
E\+R RA+C=C 8=R@S C( ]EA+CJ +"[S+ X;=S ]S CEX +S_ XE G+R0ERA'
GR+A=[A E0 EC+ @=R G+R ;+( ]S CCE[C"+(J ;+ R+C"; [X;ER=X=+S XR=+( XE
=AGERX RA+C=C E""[GX=EC XREEGSJ ;=S ]S X;+ ]REC8 ";E="+J ;+ RA+<
C=CS' CA+@_' +@=+\+( X;+_ ;( X;+ R=8;X XE X?+ R+\+C8+ 8=CSX X;+ [R?=S;
G+EG@+J ;+ R+C"; XX+AGX XE (=SRA X;+ RA+C=CS 8=C 0=@+( C( X;+_
6+( ]=X; X;+ ]+GECS =CXE X;+ AE[CX=CSJ ;+ R+G[XX=EC E0 X;+ R+C"; ]S
(@_ ;[RXJ ;+ RA+C=CS (+0+C(+( X;+AS+@\+S 8=CSX X;+ [R?S 0ER X]E
]++?SJ 0X+R X;+_ S[RR+C(+R+(' ASS"R+ C( (+GERXX=EC 0E@@E]+(J
[R=C8 GR=@ C( _' R@ \EC +R`8;= G+R0ERA+( AC_ +^G+R=A+CXS
EC SX[RX+( C( [CSX[RX+( SC( C( "@_J + R+GERX+( EC ;=S R+S[@XS =C X;+
@A!??!-+-@+! 4+!2@+?-#A #C? !2 4$!2A0-+!2 C-!2@A H\EC +R`8;='
FDFDI C( =C X;+ 2)-2!!?-2) !E@,!64?A H\EC +R`8;=' FDZaI' =C GRX="[@R
EC +RX; GR+SS[R+ C( R+@X+( GRE@+AS' S["; S R";=C8J E]+\+R' ;=S R+GERXS

;FL;FS
<U/ <@ F7 P;9 &FT024EG 247$2;;$# ;OL2 9$ 24G ;$ L; FL4& 9$ 2&;FS
"ECS=SX AESX@_ E0 (+S"R=GX=EC E0 X;+ G;+CEA+C' ]=X; @=XX@+ A+";C="S C(

AX;+AX="SJ ;=S ]S ;=S ]ER?=C8 SX_@+ @SE =C X;+ C+^X _+RS C( X;[S =X
]S CEX S[RGR=S=C8 X;X ;=S RX="@+S A(+ (++G =AGR+SS=EC =C +C8=C++R=C8
"=R"@+S +"[S+ X;+_ ]+R+ R+@X=\+@_ +S_ XE R+(J E]+\+R' ;=S A=X=ECS ]+R+
AER+ 0R R+";=C8J
S "C + S++C 0REA +\@[X=C8 ;=S +^G+R=A+CX@ C( X;+ER+X="@ =C\+SX=8<
X=ECS ;+ ]S A=C@_ =CX+R+SX+( =C (+X+RA=C=C8 X;+ G+RA+=@=X_ E0 (+0ERA@+
SE=@SJ [+ XE ;=S @"?S =C AX;+AX="S C( A+";C="S ;+ ]S CEX @+ XE
(+\+@EG "EAG@+X+@_ C+] X;+ER_ E0 SXR+C8X; 0ER SE=@SJ E]+\+R' ;=S +1ERXS
]+R+ =C "+RX=C S+CS+ G=EC++R=C8 @X;E[8; ;=S =C\+CX=EC E0 C+] X+RAS @=?+
+G?4G21- @A?!@@!@ "@@S E+X;+S SXX+A+CX XE A=C( H +G;=SXEG;+@+S =C
[SXI& !22 !!2 E4 !)?-$! #!+0!2 @A!00A !-2 4?A HC? ?!+A!2 !-A @-+
!-2 HER X;+R+ GR+"=S+@_ ];+R+ =(+S 0=@ ]ER( "EA+S EGGERX[C+@_ =CXE G@_IJ
C EC(_' GR=@ Z,' X;+ @SX GRX E0 ;=S @+"X[R+ ]S S";+([@+(J X ]S
\+R_ +ARSS=C8 0ER ;=A X;X CEE(_ X X;+ E@@+8+ ]S =CX+R+SX+( =C X;+
XEG=" ;+ ]CX+( XE GR+S+CXJ N["; C XAESG;+R+ E0 =(=E"_' ];="; 8E\+RCS
X;+ E@@+8+' ]E[@( ;R(@_ ;\+ X;E[8;X GESS=@+JO
C X;+ A=((@+ E0
[C+' ;+ ]S ;GG_ E[X ;=S S[""+SS0[@@_ G+R0ERA+(
+^G+R=A+CXSJ N C X;+ @SX ]++? X;+ 4RSX "E;+R+CX X+SX S+R=+S ]S 4C=S;+( C(
8\+ RX;+R "@+R =CS=8;X =CXE X;+ CX[R+ E0 "@_J 8=CSX A_ +^G+"XX=ECS'
X;+ 0E"@ GE=CX E0 A_ =C\+SX=8X=ECS ;S ";C8+( 0REA SC( XE "@_ C( X;+
G;_S="S E0 "@_ ;S S;=0X+( XE X;+ "+CX+RT =X =S =(+CX="@ ]=X; X;+ G;_S="S E0
]X+RJO
C
[C+' FDFD' X;+ \EC +R`8;=S AE\+( XE CEX;+R GRXA+CX' ]=X; \=+]
E0 X;+ ESGER[SJ A=@_ @=0+ S++A+( XE + =C ER(+R 8=CJ R@ GR=S+( @8QS
(=@=8+C"+ C( "R+ C( ;+ ]S G@+S+( ;E] @8 ;( (+"ERX+( X;+=R C+]
;EA+J + ]S @SE (+@=8;X+( _ ;=S ([8;X+R' +R' \=\"=E[S C( 0R=+C(@_
XE((@+RJ
C
[@_' FDFD' R@ \EC +R`8;= SXRX+( ;=S 0AE[S +^G+R=A+CXS EC X;+
G+RA+=@=X_ E0 "@_J N_S E0 "EAG@+X+ (=SGGE=CXA+CXJO ;+ (=2"[@X=+S
S++A+( S[RAE[CX@+ X X;+ +8=CC=C8J N@SE 8EX XE ?CE] SX+G _ SX+G X;+
SE[R"+S E0 0=@[R+S E0 X;+ GGRX[S 0ER X;+ (+X+RA=CX=EC E0 X;+ GR+SS[R+
SXR+C8X; E0 "@_ C( ;( XE R+"ECSXR["X X;+ AESX =AGERXCX GRXS E0 X;+ G<
GRX[SJ =8;X 0X+R C=8;X XEX@@_ +^;[SX+( XE +(J E]+\+R' X;+ +^G+R=+C"+
;S @R+(_ S;E]C A+ X;X >[SX X;+ S[R( X+SX R+S[@XS @+( XE X;+ AESX =CX+R<
+SX=C8 R+S[@XSJ 4 G4C A+-2/ G4C ?! 0! A4 %2 @41!A+-2) E-A+4CA @!?+-2)
#4? -A; 4C E-00 2!D!? %2 2GA+-2)J RC$"E=S =8=CS/O C ;=S (=R_ +CXR_ E0
[8[SX YF' FDFD' ;+ R+AR?+(& N;+ @SX X;R++ ]++?S SXR+C[E[S "X=\=X_' A_
+^G+R=A+CXS ]=X; X;+ [@?;+( C( X;+ R=@@=CX@_ S[""+SS0[@ =C\+SX=8X=ECS E0
X;+ +@SX=" GREG+RX=+S E0 "@_' ;\+ RE[8;X A_ ]ER?S XE GR+@=A=CR_ "EA<
G@+X=ECJ ;+ X;+ER+X="@ ";GX+R E0 A_ @=0+ =S E[X XE "@ES+ C( X;+ C+^X _+RS
]=@@' S[GGES+' ;\+ XE S+R\+ XE "EAG@+X+ A_ R+S[@XS' A?+ X;+A G[@=" C(
=CXRE(["+ X;+A =C X+";C="@ GR"X="+J "ECS=(+R+( [C(+RX?=C8 C XX+AGX X
<@/ 2& 9LF9& L; 4&9& <U-
70 9$ F7 P;9 &FT024

L 2;8& 49 ;9GL9L49;=7&
4RSX XE =CX+R+SX X;+ A+R="C 8E\+RCA+CX =C =CSX@@=C8 @R8+ @ERXER_ C(

X;+C "@@=C8 0[RX;+R EC+S =CXE +^=SX+C"+ =C EX;+R "E[CXR=+SJO
C "XE+R FZ' FDFD' X;+ \EC +R`8;= 0A=@_ AE\+( XE X;+=R C+] ;E[S+'
+"[S+ X;+_ ;( XE @+\+ X;+=R GRXA+CX ([+ XE X;+ RR=\@ E0 0ERX_ A+R="C
0A=@=+S ];E C++(+( X;+ @=\=C8 SG"+J ;+ C+] ;E[S+ ]S GRE\=(+( _ RJ
=S;+RJ ;+ ;E[S+ ;( C="+ GER"; ]=X; SG@+C(=( \=+] E0 ++?' SA@@
AESL[+ C( X;+ ESGER[S - C( X;+R+ ]S AR\+@@E[S AE[CX=C =RJ
C X;+=R C+] ;EA+' R@ R+"+=\+( 8EE( C+]S 0REA [SXR=J =S @EC8<X=A+
0R=+C( ";1+RC? ;( 8EXX+C X;+ ";=R 0ER ;_(R[@="S X X;+ +";C=S";+
E";S";[@+ =C =+CCJ
X X;+ +C( E0 "XE+R' FDFD' R@ \EC +R`8;= (R+] GR+@=A=CR_ S[A<
AR_ E0 X;+ GR+\=E[S _+RSJ N;+ ;=SXER_ E0 X;+ @SX _+RS E0 A_ @=0+ S;E]S
XE A+ X;X EC@_ X;+C "C SEA+X;=C8 "EAG@+X+@_ C+] + "R+X+( =0 X;+ ]=@@ XE
"EAG@+X=EC =S SXREC8+R X;C @@ +^X+RC@ "=R"[ASXC"+SJ @@ X;X ;\+ "R+<
X+( [G XE XE(_ ]S =C GR=C"=G@+ @R+(_ \=@@+ =C X;+ 0@@ E0 FDFV' ];+C
GR+GR+( A_ @+"X[R+S EC 0E[C(X=EC "ECSXR["X=EC X X;+ =R4+@( E0 SG+RCJ
+AGERR=@_ 0++@ @=?+ ;[AC +=C8 8=CJ + ;\+ XE "ECS=(+R E[R ]ER?
0REA (=SXC"+ =C ER(+R XE +^G+R=+C"+ >E_ C( XE S+CS+ X;+ [X=@=X_JO
X X;+ +C( E0 FDFD' ;+ G+R0ERA+( S[GG@+A+CXR_ +RX; GR+SS[R+ X+SXS ]=X;
8R+X S[""+SSJ N++ @]_S "@+R+R =C X;+ +RX; GR+SS[R+ X+SXS EC@_ A+CS 0ER
<UJ <@ F7 P;9 &FT024EG 247$2;;$# ;OL2 9$ 24G ;$ L; FL4& 9$ 2&;FS
&F P;9 &FT024
X;+ [C(+RSXC(=C8 E0 X;+ GRE"+SS+S =C X;+ +RX;JO C( R@ ]S ;GG_J ;=S
";C8+( [C0ERX[CX+@_' X ;R=SXAS FDFDJ +R "[8;X 6[' X;+=R ;E[S+
]S =C \+R_ ( S;G+ C( R@ ;( CE CEX=EC ;E] X;+ 0[X[R+ ]E[@( +J
ER+E\+R' C [X;ER=X_ X E+RX E@@+8+ XE@( ;=A XE +^X+C( ;=S @+"X[R+S;=GJ
;+ (A=C=SXRXER =C0ERA+( ;=A X;X +C "=G=E ]S E0 X;+ EG=C=EC X;X
R@ ]S +RC=C8 XEE A["; AEC+_ C( X;X EC+ "E[@( [R(+C ;=A +_EC(
X;+ @=A=X R+SG+"X+( [G XE X;=S X=A+J RJ "=G=E (REGG+( ;=S G@C @X+R ];+C
;+ S] R@ \EC +R`8;=QS 8RE]=C8 S[""+SS =C ;=S S"=+CX=4" ]ER?J
C R";' FDZa' R@ \EC +R`8;= ]S E\+R]ER?+( C( +^;[SX+( "[S+(
_ ;=S =CX+CS=\+ S"=+CX=4" ]ER? "@R=0_=C8 X;+ R+S[@XS E0 ;=S X+SX ES+R\X=ECSJ
NE[RS E0 ;+@G@+SSC+SS C( (=S"E[R8+A+CX 0X+R X;R++ ]++?S E0 SXR+C[E[S +^<
G+R=A+CX=C8J C""E[CX@+ "ECXR(="X=ECS =C X;+ R+S[@XS E0 X;+ ES+R\X=ECS
E[X X;+ =C6[+C"+ E0 ]X+R SA+R=C8 EC 0R="X=EC C[A+RJ =RSX X X;+ +C(
E0 X;+ ]++? ]S +8=CC=C8 XE S++ X;+ @=8;X =C 4C(=C8 X;X X;+ "ECXR(="<
X=ECS "E[@( EC@_ + +^G@=C+( ]=X; X;+ ;+@G E0 A_ E@( "EC\="X=EC X;X X;+
SER+( @_+RS GESS+SS S;+R=C8 SXR+C8X;J [+S(_ H R"; FVI 0E[C( X;+
S[RGR=S=C8 (+"R+S+ E0 X;+ G+RA+=@=X_ C[A+R E0 SE0X "@_ ]=X; (+"R+S=C8
8R(=+CXJ E]+\+R' ]S SE +^;[SX+( X;X X;+ (=S"E\+R_ (=( CEX 8=\+ A+
A["; G@+S[R+JO
<@/ 2& 9LF9& L; 4&9& <UI
;9 &FT024EG L&GL F&GO7LG ;) 7;$&$ GLOFL&$ 7S# <:NM
;+ ]++? +0ER+ GR=@ F,' FDZa' RE[8;X 8R+X S[RGR=S+S XE R@ \EC +R`<
8;=J C EC(_ C( [+S(_ ;+ XR=+( XE 0ERA[@X+ "ECSX=X[X=\+ +L[X=ECS 0ER
X;+ A+";C="@ +;\=ER E0 SC(J C +(C+S(_' =C X;+ AERC=C8' ;+ 0E[C(
X;+ CSX`J + ;( @R+(_ S[GGES+( @=C+R R+@X=EC +X]++C NGR+SS[R+ C(
+@SX="=X_ AE([@[SO +R@=+RJ E]+\+R' X;+ A+";C="@ +;\=ER E0 SC( ]S (=S<
8[=S+( _ X;+ =C6[+C"+ E0 ;_SX+R+S=S C( +@SX=" 0X+R<+1+"XSJ E]' ;+ L[="?@_
S] X;RE[8; "[S+ C( +1+"X C( ;+ ]S \+R_ G@+S+( X (+R=\=C8 X;+ (+0ER<
AX=ECS E0 "EC"R+X+ 0REA ;=S "ERR+SGEC(=C8 0ERA[@S 0ER SC(J C "ECXRSX XE
;=S +^G+"XX=ECS ;=S SC(<GR+SS[R+ ]ER? +"A+ X;+R+0ER+ S=" XR+X=S+J
C GR=@ ZD' 0X+R G+R=E( E0 ;R( ]ER? C( 8R+X S[""+SS' ;+ R+6+"X+(
[GEC ;=S 4C(=C8S C( 0[X[R+J N=X; X;+ X]E GG+RS' EC +RX; GR+SS[R+ ]R=X<
X+C =C +RAC' ;\+ @=0X+( EC@_ SA@@ X=G E0 X;+ \+=@J X ;S 8=\+C A+ C
=AA+CS+ G@+S[R+ XE S++ ;E] X;+ 4RSX 0R[=XS E0 A_ "ECS=(+RX=ECS' =C 8+C+R@'
4X =C X;+ 8R+X 0RA+ E0 X;+ GREG+RX=+S E0 AX+R=@ C( ;E] ;\+ S[""++(+(
=C "R+X=C8 X;+ R+@X=EC +X]++C @=L[=( C( SE@=(J +8=CC=C8' GRE"++(=C8S C(
GRESG+"X=\+ "EC"@[S=EC E0 X;+ R+S+R"; G+R=E( E0 A_ @=0+ "C + S?+X";+( E[X
=C X;+ 0E@@E]=C8 ]_& ;\+ @]_S R+"E8C=`+( AER+ C( AER+ "@+R@_ X;+
@SX @R8+ ];=X+ SGEX EC X;+ AG' CA+@_ =C X;+ S"=+CX=4" 0[C(A+CX@S E0
[C(+R8RE[C( +C8=C++R=C8 C( =X ]S 0ER A+ \+R_ 0S"=CX=C8 (\C"=C8 =CXE
X;+ [C?CE]C R+8=ECS JJJ ERX[CX+ "=R"[ASXC"+S C( S[""+SS0[@ +^G+R=A+CXS
;\+ A(+ =X GESS=@+ 0ER A+ XE @_ (E]C X;+ E[X@=C+ E0 8+EG;_S="SJ ;=S
<U' <@ F7 P;9 &FT024EG 247$2;;$# ;OL2 9$ 24G ;$ L; FL4& 9$ 2&;FS
F7 P;9 &FT024 49 L2& 7
;S A(+ A+ 8@( C( ]S ]ERX;' =C GRX' X;+ @ESS E0 +RC=C8SJ @+\+ =X XE
EX;+R G+EG@+ XE (+X+RA=C+ X;+ (+X=@S E0 X;+ C+]@_ (=S"E\+R+( 4+@(S' +\+C =0
X;ES+ EX;+RS S;E[@( + ]R(+( X;+ A=C GRX E0 A+R=XJ +"[S+ GR+0+R
@=0+ ""ER(=C8 XE A_ ACC+R XE X;+ @=\=C8 EC E0 A_ CA+ 0X+R A_ (+X;J
"ECS=(+R A_ XS? S S+XX@+( S SEEC S ;\+ @S;+( [G X;+ [C;GG_ R+GR+S+C<
XX=\+S E0 X;+ S";E@R "SX+ ]=X; G=@+ E0 G[@="X=ECS ]ER?=C8 0[RX;+R =C X;+
(=R+"X=EC 8=\+C _ A_S+@0J ]=X X;=S AEA+CX ]=X; S+"R+X+ A@="=E[S >E_'
+"[S+ A_S+@0 S;E[@(CQX (=8 X C_ GR="+ X=@@ A_ (+X; ]=X; A_ CES+ =C X;+
(=RXJ ;X S;E[@( + (EC+ _ EX;+R G+EG@+J ;=S AEA+CX S;E[@( + R+";+(
GGRE^=AX+@_ =C EC+ _+R C( X;+C ]=@@ +^";C8+ X;+ ";=R ]=X; S+X=C8
""EAAE(X=EC E0 A_ @=?=C8J E( 8RCX =X/O ER+E\+R' R@ \EC +R`8;=
X;E[8;X E\+R ;=S 0[RX;+R "R++R& N =A8=C+ A_ 0[X[R+ +=X;+R S "ECS[@X=C8
+C8=C++R ER S C [C(+R8RE[C(<+C8=C++R=C8<+CXR+GR+C+[RJ ;R++ _+RS E0 "EC<
X=C[E[S E""[GX=EC ]=X; SC( C( "@_ (E CEX 0=@ XE AR? ;[AC +=C8J X
(+\+@EGS X;+ =CSX=C"X 0ER X;+ GREG+RX=+S E0 AX+R=@S' ];="; =S AER+ \@[@+
X;C 0ERA[@SJO
[R=C8 X;+ C+^X AECX;S ;+ XEE? [G ;=S +^G+R=A+CXS EC 0R="X=EC G;+CEA+C
C( 4@XRX=EC 8=C C( E0X+C 8EX (+GR+SS+( +"[S+ E0 "ECXR(="X=ECR_ X+SX
R+S[@XST =C ((=X=EC' ;+ GESXGEC+( ;=S X+SX ]=X; [@? ;+(S [CX=@ ;R=SXASJ
<@/ 2& 9LF9& L; 4&9& <U:
C X[R(_' [8[SX ZF' FDZa' R@ \EC +R`8;= "EAG@+X+( ;=S +^G+R=<
A+CXS EC SC(J 0X+R ]++?S E0 "ECX=C[E[S SXR+C[E[S ]ER? ;+ (+"=(+( XE X?+
R+? 0ER S+\+R@ ]++?S ]=X; ;=?=C8' SA@@ +^"[RS=ECS C( \=S=X=C8 0R=+C(S
C( "L[=CXC"+SJ
C "XE+R ;+ +8C XE ]ER? E[X X;+ X+SX R+S[@XS E0 X;+ GR+\=E[S S[AA+R
C( ;+ R+6+"X+( EC ;=S S=X[X=EC& NE]' X;=C? AER+ C( AER+ E0X+C X;X
X;+ X=A+S E0 S"=+CX=4" R+S+R"; ;\+ XE "EA+ XE C +C(J =X;+R EC+ E1+RS A+
C GGREGR=X+ @ERXER_ C( SS=SXCXS E0 4RSX "@SS [C=\+RS=X_ ER ]=@@
R+X[RC XE GR"X="+ JJJ X S++AS XE A+ X;X ;\+ @=\+( EC@_ S C =C(=\=([@ [G
XE XE(_' "R=C8 =C CE ]_ E[X SE"=@ R+@X=ECS;=GS ER ([X=+SJO R([@@_
;=S R+SX@+SSC+SS' ];="; ;( (R=\+C ;=A @@ X;+S+ _+RS' R+X[RC+( C( ;+ ]REX+
@+XX+R XE X;+ A+R="C' @@+C `+C' R+GERX=C8 EC ;=S ]ER? =C X;+ GR+\=E[S
0E[R _+RS' +CX+RX=C=C8 ;EG+S E0 8+XX=C8 C (+L[X+ GES=X=EC =C X;+ C=X+(
XX+SJ =S ]=S; XE @+\+ ECSXCX=CEG@+ ]S SXR+C8X;+C+( _ X;+ 0"X X;X X;+
=CC+R S=X[X=EC =C ECSXCX=CEG@+ ]S 8+XX=C8 ]ERS+J N C X;+ XE]C RE+R_ C(
A[R(+R =C G[@=" X;ERE[8;0R+ C( RG=(@_ =C"R+S=C8 "ERR[GX=EC E0 AER@SJ
[S+ E0 ";=@(R+C E0 EX; S+^+S' S ]+@@ S =+S' R+G+X+(@_ R+GERX+( =C
X;+ C+]SGG+RSJO ER+E\+R' ;+ ]S (=S"ECX+CX+( ]=X; ;=S ]=0+ +"[S+ E0 ;+R
+^XR\8C"+J + @A+CX+( X;X @8 ]S [C@+ XE 8+X @EC8 ]=X; "+RX=C
AE[CX E0 AEC+_ G+R AECX; ER _+RJ N=X; X;+ =C"EA+ X;+ (+AC(S 8RE]
C( EC+ R+A=CS ]=X;E[X S\=C8S 0ER @=0+JO
C X;+ @SX L[RX+R E0 FDZa' R@ \EC +R`8;= 4C@@_ ]REX+ S+\+R@ G<
G+RS EC R+X=C=C8 ]@@S' +RX; GR+SS[R+' 0R="X=EC G;+CEA+C C( 0[C(A+CX@
GREG+RX=+S E0 "@_SJ E]+\+R' X X;+ SA+ X=A+ ;+ @SE S[1+R+( SEA+ S+X"?S
=C ;=S +^G+R=A+CX@ ]ER? - C( X;+ R+SGECS+ 0REA RJ @@+C `+C ]S \+R_
C+8X=\+J
;+ R+SX E0 X;+ _+R FDZa C( X;+ +8=CC=C8 E0 FDZF ]+R+ L[=+X C( [C<
+\+CX0[@J E]+\+R' EC +(C+S(_'
C[R_ FZ' R@ \EC +R`8;= ]S EC X;+
]_ XE R[SS+@S' +@8=[A' (E=C8 SEA+ "ECS[@X=C8 ]ER?J C X;+ +\+C=C8' ;+ +C<
X+R+( X;+ R=+CX ^GR+SS C( RE(+ \= E4' 8RA H8R+I' R=+SX+' +C="+'
=@C' S+@ XE +@8=[A ];+R+ ;+ RR=\+( =C R[SS+@S EC
C[R_ FUJ N;+
R=(+ 0REA +C="+ XE =@C =C X;+ AERC=C8 E0 [C(_ ]S @=?+ =C (R+AJO
0X+R ;=S [S=C+SS ]S E\+R ;+ [S+( X;+ EGGERX[C=X_ XE \=S=X ;=S @EC8<X=A+
0R=+C( JJ R)E;@="; =C ;+ +X;+R@C(S ];E' XE8+X;+R ]=X; C "L[=CXC"+'
]+@"EA+( ;=A "ER(=@@_J C ASX+R(A' R@ \=S=X+( X;+ =>?SA[S+[A C(
]S (++G@_ =AGR+SS+( _ +ARC(XQS -)+A,A+J ER+E\+R' ;+ (=( SEA+
S=8;X<S++=C8 =C XR+";X C( R[SS+@SJ
"? =C ECSXCX=CEG@+ ;+ XR=+( 8+XX=C8 =C\E@\+( =C AER+ "ECS[@X=C8 ]ER?J
E]+\+R' ;+ ]S CEX \+R_ S[""+SS0[@J ER+ GREA=S=C8 ]S ;=S XX+AGX X
R=C8=C8 ;=S =(+S E0 N+@=8=EC' "=+C"+ C( =0+O XE X;+ XX+CX=EC E0 GRE0+S<
SERS' SX[(+CXS C( EX;+R G+EG@+J C R=(_' GR=@ ,' FDZF' ;+ 8\+ C +^"+@@+CX
@+"X[R+ X E+RX E@@+8+& N@@ 4@@+( ]=X; @=SX+C+RSJ C@_ 0+] GRE0+SSERS
S;EE? A_ ;C( C( S=( X;C?S 0X+R X;+ @+"X[R+JO C A+R="C AC S=(&
N P X ]E[@( ;( ++C ]ERX; ];=@+ XE "EA+ 0REA A+R=" 0X+R ;\=C8 ;+R(
<<U <@ F7 P;9 &FT024EG 247$2;;$# ;OL2 9$ 24G ;$ L; FL4& 9$ 2&;FS
R@QS @+"X[R+ JJJ =X =S @C(AR? =C X;+ ;=SXER_ E0 X;+ E@@+8+' C+] @=0+ ]=@@
SXRXJQ O
C _ F7' FDZF' @8 C( +R GRE@_ XR\+@@+( XE R` ER =+CCJ
R@ 0+@X \+R_ @EC+SEA+J ;+_ EX; R+X[RC+( 4RSX =C X;+ A=((@+ E0 "XE+R
]=X; X;+ R=+CX ^GR+SSJ @8 @EE?+( \+R_ R+@^+(J C X;+ +\+C=C8 E0 X;+=R
RR=\@' R@ C( @8 SG+CX S+\+R@ ;E[RS =C 8EE( AEE( ]=X; C "L[=CX+(
"E[G@+J X S++AS' ;E]+\+R' X;X X;+ ARR=8+ ]S @R+(_ RE?+CJ ;+R+ R+
S+\+R@ S=8CS =C(="X=C8 X;=S GESS==@=X_J X ]S @R+(_ @=XX@+ SXRC8+ X;X
@8 C( +R SG+CX S["; @EC8 X=A+ H _ - "XE+RI ]_ 0REA ;EA+
C( X;X R@ (=( CEX A+CX=EC X;+ R+SEC C( X;+ (+SX=CX=EC E0 X;+=R XR=G
=C ;=S (=R_J @SE R@QS S[((+C XR=G XE R`' =+CC C( R8[+ X X;+ +C(
E0 FDZF C( X;+ +8=CC=C8 E0 FDZZ S++AS XE ;\+ ++C C +S"G+ 0REA X;+
A=S+R_ X ;EA+J ER+E\+R' EC +R[R_ F5' FDZZ' R@ XE@( =C ;=S (=R_ =C
GEAGE[S C( S+CX=A+CX@ ACC+R E0 C=8;X E0 @E\+ ]=X; @8J ER+E\+R'
;+ (=SG@_+( ;=S RRE8C"+ C( S+@0<"EC4(+C"+ 8=C S ;+ ;( (EC+ S+\+R@
X=A+S +0ER+ ];+C ;+ ]S =C S=A=@R [C0\ER@+ S=X[X=EC& NJJJ C( ];+C
"E[@( _E[ A++X AC' ];E _E[ "E[@( @E\+ AER+ X;C A+M ;=S' R+8R(
S E[X E0 X;+ L[+SX=ECJO [RX;+RAER+' =C ;=S (=R_ +CXR_ E0 "XE+R ZZ ;+
"EC"+(+(& N@8J C+ _+R ;S GSS+( S=C"+ ]+ ;\+ ?CE]C +"; EX;+R S
AC C( ]=0+JO
R@ \EC +R`8;= SS[A+( X;+ 0ER+A+CX=EC+( XR=G 0ER [S=C+SS R+SECS'
XE =+CC C( R8[+J + "EA=C+( X;=S XR=G ]=X; \=S=X XE R`J R@
@+0X ECSXCX=CEG@+ EC +"+A+R ZV' FDZF' C( RE(+ \= 8RA H8R+I
XE [SXR=J C 8RA X;+ XR=C ]S +=8;X ;E[RS XEE @X+J +R+ ;+ \=S=X+( E@(
0R=+C(S C( X;+C "ECX=C[+( ;=S R=(+ XE R`' ];+R+ ;+ RR=\+( EC +"+A+R ZD'
=C X;+ AERC=C8 X U JAJ =S AEX;+R ]+@"EA+( ;=A ]=X; EG+C RAST ;E]+\+R'
S;+ ]S CEX =C 8EE( S;G+J ;+ C+^X (_S ;+ A+X S+\+R@ "REC=+S 0REA ;=S
0RX+RC=X_ C( "L[=CXC"+S' AEC8 X;+A @SE RE0+SSER =XX+C[+RJ C
+] +RS' FDZZ' ;+ @+0X R` C( R[S;+( 0ER =+CC' ];+R+ ;+ RR=\+( =C
X;+ +\+C=C8 X Fa GJAJ C =+CC C( R8[+ ;+ +Â=C+( SEA+ GG+R C(
8@SS 0"XER=+SJ C =+CC ;+ ;( 0R++ X=A+ C( SG+CX =X \=S=X=C8 RX 8@@+R=+SJ
ER+E\+R' ;+ +C>E_+( C +CX+RX=C=C8 +\+C=C8 ]=X; X;+ ER";;+=A+RS' ;=S
0R=+C(S 0ER AC_ _+RSJ
C R"; F7' FDZZ' R@ \EC +R`8;= R+"+=\+( @+XX+R 0REA =SS +R<
A_+R' ];E =C0ERA+( ;=A X;X RE0+SSER =XX+C[+R' ;=S A+CXER 0ER AC_
_+RS' ;( (=+(T R@ \EC +R`8;= ]S (++G@_ AE\+(J N S++ =CXE ]ER@(
];="; =S C+] XE A+T ]ER@(' =C ];="; EC+ (E+SCQX "X' [X 0++@SJO
;+ C+^X (_S ]+R+ 4@@+( ]=X; S"=+CX=4" ]ER?J + SXRX+( XE R=C8 X;+
AC[S"R=GXS "EC"+RC=C8 X;+ X+SX ES+R\X=ECS ]=X; X;+ SC(<[G@=0X<GGRX[S
C( X;+ X;+ER_ E0 RR8+S =CXE X;+=R 4C@ 0ERAJ
;+ S+GRX=EC 0REA @8 ;GG+C+( EC +GX+A+R ZU' FDZZ' ];+C @8
C( +R @+0X ECSXCX=CEG@+ ]=X; X;+ SX+A+R ?- NC( X;+ "ECC+"X=EC
]=X; @8 =S RE?+C E1 0ER X;+ GR+S+CXJO R@ A+CX=EC+( X;=S +\+CX R=+6_ =C
;=S (=R_ EC ;=S =RX;(_J
<@/ 2& 9LF9& L; 4&9& <<<
R@ \EC +R`8;=' ];E E\=E[S@_ ]REX+ ;=S (=R_ +CXR=+S E0 X;+ FDZaS
@X+R' (=( CEX A+CX=EC C_ SXR+SS =C X;+ R+@X=ECS;=G ]=X; @8 =C X;+ X=A+S
RE[C( FDZF C( FDZZ C( X;+ R+AR?S E[X @8QS C( +RQS (+GRX[R+
GG+R+( R=+6_ C( L[=X+ [C+^G+"X+(@_J C+ "C EC@_ 8[+SS X;X ;+ ]S
(++G@_ ;[RX _ X;+ RE?+C ARR=8+ C( X;+R+0ER+ ;+ ]S CEX @+ XE R+6+"X
([R=C8 X;X X=A+ EC ;=S A=S+R_J
C "XE+R Z' FDZZ' R@ "+@+RX+( ;=S YDX; =RX;(_' SEA+ (_S 0X+R
@8 C( +R ;( @+0X ;=AJ C ;=S (=R_ ;+ GE=CX+( E[X& N A[SX X;C? X;+
R+XER X;X GSS X;+ X;R+S;E@( E0 X;+ 7aX; _+R E0 A_ @=0+ S AX[R+ AC
];E ;S A(+ ;=S X@+CXS [C0E@( C( ;S @R+(_ R+@=`+( XE @R8+ +^X+CX X;+
8E@S' E0 ];="; ;+ (R+A+( =C ;=S _E[X;J C X;=S S[AA+R ;( X;+ 0++@=C8 E0
+=C8 EC XEG E0 @=0+J _ ";=+\+A+CXS R+ +8=CC=C8 XE R+"+=\+ X;+ R+"E8C=X=EC
C( XX+CX=EC ];="; X;+_ (+S+R\+J ;+ G[@="X=ECS E0 X;+ XEX@ R+S[@XS E0 A_
GR+\=E[S R+S+R"; C( X;=C?=C8 +CS[R+(J C( X;+ [CCX[R@ R+@X=ECS;=G XE A_
]=0+ "@+R+( [GJ C +GX+A+R F7' RR=\+( =C ECSXCX=CEG@+ H+ ;( ++C
=C [(G+SX' X;+ [X;ERIJ ;+R+ 0E@@E]=C8 X]E ]++?S GG+R+( XE A+ @=?+ EC+
_+R S R+S[@X E0 X;+ \R=+X_ E0 X;+ +\+CXSJ ;+ E@( @E\+ XE @8 SXR[88@+(
]=X; X;+ =C(=8CX=EC X ;+R +;\=ER C( X;+ =C(=8CX=EC S[""++(+(JO R@ \EC
+R`8;= X;+C R+GERX+( \+R_ R=+6_ E[X @8QS 0ER+A+CX=EC+( (+GRX[R+
C( S]=X";+( E\+R XE "EAG@+X@_ (=1+R+CX S[>+"X' CA+@_ XE X;+ S=X[X=EC
=C [R?+_ C( C+=8;ER=C8 "E[CXR=+SJ N C X;+ "E[CXR_ AESX S+R=E[S "R=S=SJ
JJJ C8@=S; C( +A@=SXS SXC( "EAX<R+(_ 0"+ XE 0"+J C ;R`=+C X;+
R++? RA_ 8X;+RSJ ;+ E\=+XS X;R+X+C EAC=QS ER(+RS =C ER(+R XE "@ES+
\= [@8R= X;+ R=C8 RE[C( X;+ @"? +J ;+ ];E@+ C8@=S; +(=X+RC=C
\_ =C X;+ RAR + C( ECSXCX=CEG@+ [C(+R X;+ GR+SS[R+ E0 X;+
RA+( C8@=S; ;C(J C X;+ E@@+8+ =X =S L[+SX=EC E0 XE + ER CEX XE +J '
;E]+\+R' ;\+ @R+(_ +CS[R+( X;+ 0[X[R+ _ X;+ R+SX@+SS ]ER? E0 X;+ @SX S=^
_+RS C( "CCEX + X;RE]C E[X E0 A_ "R++R C_AER+J ]E _+RS 8E S[";
GE@=X="@ "R=S=S ]E[@( ;\+ A+CX "XSXREG;+ 0ER A+J ER @@ X;=S A[SX
X;C? C =C([@8+CX RE\=(+C"+ =C A++?C+SSJO
E]+\+R' ;=S @SX (R0XS R+ CEX \+R_ "EC\=C"=C8J X S++AS X;X X;+_ S+R\+(
XE E\+R"EA+ X;+ =AA+CS+ G=C @8QS C( @=XX@+ +RQS (+GRX[R+ ;( "[S+(
C( (=R_ +CXR_ E0 "XE+R ZZ' FDZZ' S;E]S "EAG@+X+@_ (=1+R+CX R@
\EC +R`8;=J + "EAG@=C+( X;X ;+ ;( ++C \+R_ @EC+SEA+ E\+R X;+ @SX
_+RJ N ;\+ X;E[8;X E0 _E[ H@8I (=@_' X;=S _+R' E0 X;+ ]EAC ;\+
@E\+( SE A[";' C( E0 E[R SA@@ ";=@(' +R+@+JO + @A+CX+( ;=S GR+\=E[S C(
X;+C<"[RR+CX S=X[X=EC =C E\+R +=8;X G8+S E0 ;=S (=R_ C( +^GR+SS+( S+\+R@
A[((@+( X;E[8;XS C( SXRC8+ SXX+A+CXS =C(="X=C8 X;X ;+ ]S "EAG@+X+@_
E[X E0 @C"+J X A[SX ;\+ ++C X X;=S X=A+ X;X ;+ S?+( ;=S S=SX+R @@
XE "EA+ XE ECSXCX=CEG@+ =C ER(+R XE E\+R"EA+ ;=S SE@=X[(+J E]+\+R' S;+
\=S=X+( ;=A 4RSX =C FDZ5J
C E\+A+R' FDZZ' R@ \EC +R`8;= (+S"R=+( ;+\_ L[RR+@ ;+ ;(
;( ]=X; @8 EC +GX+A+R ZZJ ;+ "[S+ E0 X;=S L[RR+@ =S CEX L[=X+ "@+RJ
R@ ;( ]R=XX+C @+XX+R XE ;=S AEX;+R C( @+0X X;+ [CS+@+( @+XX+R EC ;=S
<<N <@ F7 P;9 &FT024EG 247$2;;$# ;OL2 9$ 24G ;$ L; FL4& 9$ 2&;FS
F9T O2LS# 70# 9$ &F 49 L2& <:MUG
(+S?J X+ =C X;+ C=8;X @8 "A+ =CXE R@QS REEA C( X;R+] X;+ @+XX+R ECXE
;=S +( S"R+A=C8 C( "R_=C8J C X;+ "E[RS+ E0 X;+=R R8[A+CX @8 "@@+(
R@ RR=C ];E ]CX+( XE X;RE] ;+R E[XJ N;+ 0E@@E]=C8 (_S ]+R+
X+RR=@+J E]' =X ]S @SE "@+R XE ;+R X;X S;+ A[SX XR\+@ SEECJO E]+\+R' =X
]S CEX SE +S_ XE 8+X S+XS =C X;+ +^GR+SS XR=CJ ]=C8 XE X;+ ( C+]S 0REA
A_RC X;+ +^GR+SS XR=CS ]+R+ SE@( E[X @R+(_ 0ER ]++?S =C (\C"+ C(
X;+ R=(+ X;RE[8; ;R`=+C GG+R+( CEX XE + S0+ C_AER+J N C A_RC X;+
[R?S ;( S@[8;X+R+( X;R++ (_S @EC8' =C X;+ S=8C E0 X;+ 8R++C 68J ;+ S=8;X
E0 X;+ RE(S =C X;+ [RC+( (E]C R++? L[RX+R' "E\+R+( ]=X; A[@X=@X+( (+(
E(=+S A[SX ;\+ ++C ;ERR=@+JO =C@@_' R@ 8EX' X;RE[8; X;+ GRE"[R+A+CX
E0 C "L[=CXC"+' "=C EC X;+ SX+A+R ?-J
;+ S+GRX=EC ]S (+4C=X=\+ C( @8 G[X C +C( XE X;+ GSS=ECX+'
C( SEA+X=A+S ]=@(' @EC8<@SX=C8 @E\+J ;+ ]S C+\+R GR+GR+( XE R+S[A+ X;+
R+@X=EC XE R@ \EC +R`8;= @X;E[8; ;+ S?+( ;+R' 4C@@_ =C FDZ5' XE 8E
]=X; ;=A XE X;+ C=X+( XX+SJ X S++AS X;X @8 ]S @R+(_ +C88+( XE X;+
G;RA"=SX RC` [";X_ =C R` X X;+ +8=CC=C8 E0 X;+ FDZaSJ C FDZV' R@
C( @8 (=\ER"+( C(' EC +GX+A+R F' @8 ARR=+( RC` [";X_ 0X+R ;=S
4RSX ]=0+ ;( (=+( X X;+ +8=CC=C8 E0 FDZV HRC` [";X_ ;( EC+ SEC ]=X;
;=S 4RSX ]=0+' X;E[8; CE ";=@(R+C ]=X; @8IJ E]+\+R' R@ (=( CEX 0ER8+X
;=S 8R+X @E\+ ([R=C8 ;=S ];E@+ @=0+J C( ;+ XEE? "R+ E0 @8 ]=X; A+(="=C+
C( EX;+R 8EE(S =C X;+ FD5aS' ];+C @8 8EX \+R_ S="?J X X;X X=A+ S;+
<@/ 2& 9LF9& L; 4&9& <<M
]S @=\=C8 ]=X; ;+R ([8;X+R +R C( ]=X; RJ ) E9C+R H+RQS ;[SC(I' =C
RSX+C' GG+R [SXR=J +R C( ;+R ;[SC( ]+R+ `=S' C( ;( XE ;=(+
0X+R ER@( R J
0X+R X;+ G=C0[@ S+GRX=EC' R@ \EC +R`8;= AE\+( XE CEX;+R GRX<
A+CX C( ;+ +8C @R+(_ XE ]R=X+ X;+ 4RSX ";GX+R E0 ;=S EE? ];="; ]S
XE + G[@=S;+( =C FDZ7WZ5J @SE ;=S ([X=+S X E+RX E@@+8+' =C GRX="[@R
;=S @+"X[R+S XE X;+ SX[(+CXS' ;+@G+( ;=A XE E\+R"EA+ X;+ AE\=C8 A+AER=+S E0
;=S +@E\+( @8 C( @=XX@+ +RJ
X X;+ \+R_ +8=CC=C8 E0 E\+A+R' FDZZ' =C X;+ +\+C=C8 R@ S] =C XA<
[@ ;[8+ "RE]( E0 G+EG@+ ]=X; 8R++C 68S' 6R+S C( @R8+ (R[AS C( G=G+S'
GRX@_ AR";=C8' GRX@_ S=C8=C8J C X;+ C+^X AERC=C8 R@ @+RCX X;+ R+SEC
0ER X;+ (+AECSXRX=ECJ ;+ @SX SAC+ +;A+( ;( ++C (+X;REC+( S
S[@XC - X;[S CEX EC@_ ;=S G+RSEC@ S=X[X=EC ;( ";C8+( (RAX="@@_' [X
@SE X;+ GE@=X="@J
(+"=S=\+ RE@+ =C X;+ GE@=X="@ [G;+\@ =C [R?+_ ]S G@_+( _ [SX0
+A@ S"; HXX) [R?IJ [SX0 +A@ ]S ERC =C @EC=?= =C F,,F' X
X;X X=A+ GRX E0 X;+ XXEAC +AG=R+J + 8EX ;=S 4RSX CA+ 0REA ;=S GR+CXS'
C( ;=S S+"EC( EC+ 0REA X+";+R @X+RT =C FDY7 0X+R ;=S 8R+X R+0ERAS' X;+
S[RCA+ AAC?/ ]S +SXE]+( EC ;=AJ [SX0 +A@ XX+C(+( A=@=XR_
S";EE@ C( @X+R +"A+ 0AE[S 8+C+R@J +0ER+ ER@( R ;+ ]S
A+A+R E0 X;+ E[C8 [R? AE\+A+CX C( ([R=C8 X;=S X+RR=@+ ]R ;+ "X+(
S X;+ @+(+R E0 GRX E0 X;+ RA_ =C @+SX=C+J 0X+R X;+ +C( E0 ER@(
R [SX0 +A@ XEE? X;+ @+( E0 X;+ CX=EC@=SX AE\+A+CXJ C ER(+R XE
+^G@=C X;+ 8E@S E0 X;+ AE\+A+CX XE X;+ [R?=S; G+EG@+ ;+ XE[R+( X;RE[8;
@@ E0 CXE@= C( =C FDZa ;+ "EC\E?+( X;+ X=EC@ SS+A@_ =C C?RJ C
FDZFWZZ ;+ (RE\+ ]_ X;+ R++?S 0REA A_RC' ];="; X;+_ ;( E""[G=+( =C
FDF,J 0X+R ;+ ;( (+X;REC+( X;+ [@XC' ];E ]+CX =CXE +^=@+ =C ECX+ R@E'
[R?+_ ]S (+"@R+( S +G[@=" =C FDZY C( [SX0 +A@ +"A+ =XS 4RSX
GR+S=(+CXJ C X;+ X=A+ XE 0E@@E] ;+ "RR=+( E[X (+"=S=\+ R+0ERAS' +J8J (EGX=EC
E0 X;+ +SX<[REG+C @+8@ S_SX+A' =CXRE(["X=EC E0 X;+ EAC @G;+X C(
S[RCA+S' @+8@ SS=A=@X=EC =C SXX[S E0 ]EA+C' C( - S \+R_ =AGERXCX
GE=CX - X;+ S+GRX=EC E0 SXX+ C( R+@=8=ECJ =S 8RR=C R+0ERA' ;E]+\+R'
0=@+( 0ER X;+ AESX GRXJ +A@ XX) [R? (=+( =C SXC[@ =C FDY,J
C +] +RS \+ FDZZWFDZY' R@ R+S[A+( C E@( XR(=X=EC ;+ [S+(
XE (E @R+(_ =C ;=S _E[X;& + SX =C ;=S GRXA+CX (R=C?=C8 EXX@+ E0
;AG8C+ C( R+6+"X=C8 EC X;+ @SX _+R C( (+\+@EG=C8 G@CS 0ER X;+ C+]J
N+CS+ 0E8 E\+R X;+ ESGER[SJ EA+ @=8;XS R+ S;=C=C8 X;RE[8; X;+ ;`+J ;+
+] +R ;S >[SX +8[CJ ;+ SE[C( E0 X;+ E@(+C ERC G+C+XRX+S A[3+(
X;RE[8; X;+ EG+C ]=C(E] E0 A_ REEA - FDZY ;S +8[CJ \=E[S@_ _+R E0
R+";=C8 (+"=S=ECSJO ;+C ;+ R+6+"X+( EC ;=S ]ER? C( X;+ R+@X=ECS;=G ]=X;
@8 ([R=C8 FDZZJ NX 4RSX X;+ =(+S E[X X;+ 0E[C(X=ECS E0 X;+ ]+=RS ]+R+
RE[8;X =CXE "@+R 0ERA' ];="; ;( "RR=+( =C A+ 0ER 0E[R _+RSJ X X;+ +C( E0
_ X;+ GG+R ]S 4C=S;+(J [R=C8 =XS ]R=X=C8 4RSX "EC6="X ]=X; @8 - ;+R
=C(=1+R+C"+ "ECS=(+R=C8 A_ ;EG+S C( +1ERXS @+( [G XE =XJ X SXR+C8X;+C+(
<</ <@ F7P;9&FT024EG247$2;;$#;OL29$24G;$L;FL4&9$2&;FS
L[="?@_ C( =C X;+ "E[RS+ E0 R+@_ X]E ]++?S ;( @+( XE R+?=C8<E1JO
;+R+R+A=CSEA+(E[XS"EC"+RC=C8R@\EC+R`8;=QSSXX+A+CXE[X
X;+AEA+CXE0X;+(=SSE@[X=ECE0;=SR+@X=ECS;=GXE@8J X=SE\=E[SX;X
X;+R+?<[G;(@R+(_;GG+C+(+R@=+RJ
(+"=S=\+ SX+G =C ;=S S"=+CX=4" +1ERXS ]S X?+C =C FDZYJ C X;=S _+R'
R@\EC+R`8;=HFDZYIG[@=S;+(;=S0AE[SGG+RECX;+G+RA+=@=X_E0
"@_J;=S]SX;+4RSXSX+GE[XE00E[RR+AR?@+";=+\+A+CXSR@\EC
+R`8;=R+";+(=CX;+_+RSFDZYXEFDZ5S+([GEC;=S+^G+R=A+CX@]ER?
C(;=S?++CES+R\X=ECSE0G;_S="@G;+CEA+C=CSC(C("@_J;+S+"EC(
EC+]S;=SX@?XX;+"EC8R+SS0ERA+";C="S=C+@0X';++X;+R@C(S'=C
FDZ7TX;+X;=R(C(0E[RX;SX+GS]+R+G+R0ERA+(_;=A=CFDZ7WZ5'];+C;+
G[@=S;+(;=S4RSXEE?ECSE=@A+";C="SC(S+R=+SE0RX="@+SECX;+SA+
S[>+"X=CA+R="J
C;=S4RSXSX+G';+(+\+@EG+((=1+R+CX=@+L[X=EC];=";8E\+RC+(X;+
GGRE^=AX+ (+S"R=GX=EC E0 X;+ SGX=@ C( X=A+<(+G+C(+CX ";C8+ E0 X;+
GER+]X+RGR+SS[R+J;+(+R=\X=ECE0X;=S+L[X=ECXEE?@EC8X=A+E0=CX+C<
S=\+X;=C?=C8C(]S=C(++(CEX+S_&N CFDZYA_]ER?"A+XESXC(SX=@@
8=CJ X ]S L[+SX=EC E0 X;+ AX;+AX="@ "ECS=(+RX=EC E0 X;+ GRE"+SS
E08R([@"EAGR+SS=EC'];=";"@_S[1+RS[C(+RX;+=C6[+C"+E0"ECSXCX
GR+SS[R+J ;( 8R=A@_ ?+GX X X;=S XS? XES["; C +^X+CX X;X 0=@+( =C
A_([X=+S0ERE[XEC+AECX;C( XR=+(XESE@\+X;+GRE@+AC+R@_+\+R_
(_[CX=@@X+=CXEX;+C=8;XJ;+XX+AGX0=@+(C( (+"=(+(XEG[@=S;
X;+R+S[@XSE0A_=C\+SX=8X=ECS[GXEX;+C]=X;X;+=CX+CX=ECE0@+\=C8X;+
SE@[X=ECE0X;=S"+CXR@GRE@+AE0SE=@A+";C="SXES[""+SSER]=X;AER+
@["?J
@0_+R@X+R'];=@+ ]S[S_]=X;X;+R+"ER(E0X;+G@CC+(GG+R'
S[""++(+(=CSE@\=C8X;+XS?]=X;E[XXRE[@+0X+R;@0C;E[RE0(++G
X;E[8;XJ X"ECS=SX+(E0X;+(=1+R+CX=@+L[X=ECE0X;+"ECSE@=(X=ECGRE"+SS'
];=";XE(_=SX;+S=S0ER@@=C\+SX=8X=ECS"EC"+RC=C8X;+8R([@S+XX@+<
A+CXSE0 [=@(=C8SEC "@_J=RSX'0X+R X;++SX@=S;A+CXE0 X;=S+L[X=EC'
X;+ XX+AGX XE R+\+@ X;+ SXR+C8X; GREG+RX=+S E0 SE=@S "E[@( + (+CEX+( S
S[""+SS0[@JO
EC+R`8;=R+GERX+(ECX;+(+R=\X=ECE0X;+GRX=@(=1+R+CX=@+L[<
X=ECE0X;+"ECSE@=(X=ECGRE"+SSXEX;+"(+A_E0"=+C"+S=C=+CCEC
[C+ZY'FDZYJ;+(+R=\X=EC=S"ECX=C+(=C\EC+R`8;=QSHFDZYIGG+R-!
!?!+2C2)!?C?+0@@-)/!-A@H-$!?!@42!@C@!1!?0C#!?+G?4,
G21-@+!2622C2)@!?@+!-2C2)!2J CX;=S]ER?';+]SCEXGRX="[@R@_
=CX+R+SX+(=CS+XX@+A+CXGRE@+AS[X-S=S=C(="X+(_X;+X=X@+-=CX;+
"@"[@X=ECE0X;+G+RA+=@=X_"E+2"=+CXE0"@_J;+XRCS0+RE0;=S=(+SXE
S+XX@+A+CXGRE@+AS]S(EC+_\EC+R`8;=C(R)E;@=";HFDYVIJX4RSX'
;+SXX+(X;XX;+G+RA+=@=X_"E+2"=+CXE0"@_]S(+G+C(+CXECX;+]X+R
"ECX+CX'C(X;+]X+R"ECX+CX(+G+C(+CXECX;+GR+SS[R+=CX;+"@_J[R<
X;+RAER+';+S;E]+(_X;+(=R+"X+^G+R=A+CX@GREE0A+X;E('X;+\@=(=X_
E0R"_QS@]0ER\+R_SA@@GER+SC(@+SS+RG+RA+=@=X_J;+(=R+"XGREE0
<@/ 2&9LF9&L;4&9& <<-
A+X;E(0=@+(';E]+\+R'0ERG+RA+=@=X_"E+2"=+CXSaaV #
!JER
X;=SR+SEC';+@EE?+(0ERC+]GREE0A+X;E(&N[";A+X;E(]S0E[C(
=CX;+ES+R\X=ECE0X;+X=A+(+G+C(+CX"E[RS+E0X;+;_(RE(_CA="SXR+SS
G;+CEA+C=C"@_JO
EC+R`8;=+^G@=C+(X;+X+RA;_(RE(_CA="SXR+SSG;+CEA+CS0E@<
@E]S& N_ ;_(RE(_CA=" SXR+SS G;+CEA+C' X;+ [X;ER A+CS X;+ (+@_S
];=";X;+SXR+SS+S"[S+(=CX;+"@__C+^X+RC@0ER"+S[1+R_X;+R+<
S=SXC"+S8=CSXX;+E[X6E]E0X;+SL[++`+(<E[XGER+]X+RJ;+@E"@\R=<
X=ECE0X;+SXR+SS+S=CX;+"@_"[S+S";C8+=CX;+]X+R"ECX+CXXX;+
SA+G@"+J=C"+X;+";C8+E0X;+]X+R"ECX+CXR+L[=R+S6E]E[XE0X;+
]X+R'C(X;+6E]E0X;+]X+R""ER(=C8XEX;+\+R_SA@@G+RA+=@=X_
R+L[=R+S"ECS=(+R@+8R(=+CX'X;++1+"XE0GR+SS[R+\R=X=EC=S4RSX@_
S;E]C=CX;+E""[RR+C"+E0@E"@(=1+R+C"+S=CX;+;_(RESXX="GR+SS[R+=CX;+
GER+]X+RJ;+S+GR+SS[R+(=1+R+C"+S(=SGG+R4RSX=CX;+"E[RS+E0X=A+J
;+X=A+<(+G+C(+CXGRE"+SSE0X;+SXR+SS@C"+=S"[S+(_X;+SX8+E0
G+RA+=@=X_J;+G+RA+=@=X_"E+2"=+CX"CX;+R+0ER++(+X+RA=C+(0REA
X;+X=A+(+G+C(+CX"E[RS+E0X;+@C"+'=0@@EX;+R=AGERXCX0"XERSR+
?CE]CJO
EC+R`8;=QS(+R=\X=ECE0X;+GRX=@(=1+R+CX=@+L[X=ECHFDZYI=S'
=CGRXS'ES"[R+J\=E[S@_=C6[+C"+(_X;+(=1+R+CX=@+L[X=EC0ERX;+
(+S"R=GX=ECE0;+XGREG8X=ECHE[R=+RQS@]I'];=";;SX;+SA+SXR["<
X[R+AX;+AX="@@_';+S[""++(+(=C(+\+@EG=C8;=SGRX=@(=1+R+CX=@+L[<
X=ECAER+X;RE[8;=CX[=X=ECX;CX;RE[8;+CS[R+(A+";C="@GR=C"=G@+SC(
AX;+AX="@R[@+SJ[RX;+RAER+'=C;=SS="GG+R'SEA+X+RASR+=CXRE<
(["+(=C\+R_[CS"=+CX=4"]_'+=C8=CGRXSCEXX@@(+4C+('ER4RSX
+^G@=C+(0X+R;\=C8@R+(_++C[S+(J;[S'EC+"C;R(@_ 0E@@E];=S
GG+R=CSEA+S+"X=ECSJ\+CSE'X;+0"XX;XX;+]X+R<SX[RX+("@_E(_
]SA=^X[R+]S"@+R@_?CE]CXE;=AT;+SXX+(@X+R&NSAXX+RE00"X'
C@_S=SE0X;+G;+CEA+CEC@+(SXEC+]C(\+R_=AGERXCX"EC"@[S=ECSJ C
ER(+RXEG+R0ERA=X']+;\+A+R+@_XE?++G=CA=C(X;XX;++@+A+CXR_@]S
E0A+";C="S];=";GG@_XESE@=(SC(@=L[=(S=C8+C+R@R+@SE\@=(0ER
X;+"ECSX=X[+CXSE0A=^X[R+E0"@_C(]X+ROH\EC+R`8;='FDZ5IJ
E]+\+R'=CFDZYS]+@@S@X+R'\EC+R`8;=A(+CE[S+E0X;=S4C(=C8J
+]SE\=E[S@_CEX]+@@<XR=C+(+CE[8;=CA+";C="SC(AX;+AX="SXE
+@+XEXR+XX;=S(=2"[@XGRE@+ASX]E<G;S+<S_SX+AJ;+SEA+X=A+S<
S@EGG_ ]ER? H\EC +R`8;=' FDZYI =S E\=E[S@_ 0E[C(+( =C \EC +R`8;=QS
G+RSEC@=X_&;+(=(CEX@=?+XE]ER?E[XX;+4C@(R0XSE0SXR+C[E[SS[>+"XSJ
+]S';E]+\+R'C+^"+@@+CXC(;=8;@_<8=0X+(+C8=C++R']=X;8R+X=CX[=X=\+
=@=X=+S'];E]S@+XER+"E8C=`+(=2"[@XG;_S="@<X+";C="@GRE@+AS\+R_
"@+R@_'C("E[@(C@_`+C(SE@\+X;+AJ;=S=@=X_]S@SER+\+@+(=C
;=SXR+XA+CXE0EX;+RGRE@+AS'S[";SX;+SE@[X=ECE0X;+[G@=0XGRE@+AJ
+\+RX;+@+SS'0X+R;+;(SE@\+(GRE@+A';+S;E]+(\+R_@=XX@+=CX+R+SX
=CX;+0ERA[@X=ECE0X;+S"=+CX=4"GRE@+AC(X;+SE@[X=EC8=C+('S;+
(+"@R+(=CX;+L[+SX=EC=C8XX;++";C=S";+E";S";[@+=CFDYVC(FDYUJ
<<J <@ F7 P;9 &FT024EG 247$2;;$# ;OL2 9$ 24G ;$ L; FL4& 9$ 2&;FS
;9 &FT024EG ,FGL ;;6 ;9 G;47 8&294G
;+ +CXR=+S E0 X;+ (=R_ =C FDZY ]+R+ RX;+R A+8+RJ C+ "C 8[+SS X;X
X;+ S+GRX=EC "[S+( ;=A AER+ XRE[@+ C( [CR+SX X;C ;+ (A=XX+(J C@_
EC +] +RS \+ (=( ;+ R+6+"X EC X;+ _+R FDZY C( R+"@@+( SEA+ +\+CXSJ
NFDZY ;S "EA+ XE "@ES+ - X;+ 0E[RX=+X; ";C8+ E0 X;+ _+R S=C"+ "E[@(
(=1+R+CX=X+ @=8;X C( S;(E] X X;+ R(S";=C =C R8[+ 0ER X;+ 4RSX X=A+J
_+R E0 S@E] GRE8R+SS=C8' X;E[8; E0' ESX=CX+ C( S_SX+AX=" ]ER?J E (+"=<
S=\+ _+R "EC"+RC=C8 +\+CXS' [X _+R E0 (+"=S=\+ GR+GRX=ECSJ E L[+SX=ECS
- EC@_ CS]+RSJ EE( 0ERX[C+ M - ;\+ "EA+ XE ?CE] =X X;=S _+RJ X+(_'
GES=X=\+ "X=ECJ ?=C8 "@R=X_ E0 "EC0[S+( 0"XS JJJ ;\+ CEX S++C @8 X;=S
_+RJ ;+ R+@X=ECS;=G =S "@+R JJJ C0ERX[CX+@_' ;\+ SG+CX X;+ S[AA+R ]=X;
SXR+C[E[S ]ER?J +\+RX;+@+SS& =X "ECX=C+( SE AC_ +\+CXSJ ;+ 0R+<]+@@ 0REA
ECSXCX=CEG@+ =C
[C+J "E[@( R+@_ (+X"; A_S+@0 0REA ECSXCX=CEG@+J
;+ SG@+C(=( S[AA+R C=8;XS' X;+ "R_SX@ "@+R ]X+R' X;+ (=\=C+ "@A =C +<
+?JO 0X+R X;+S+ RX;+R S+CX=A+CX@ R+6+"X=ECS ;+ R+GERX+( EC ;=S SX_ =C
";@(A=C8 ];+R+ ;+ ]S EC \"X=EC - C( ];+R+ ;+ ;( GSS=ECX+ 1=R
]=X; X;+ NSA@@ ]=@( =@(+JO
EC"+RC=C8 ;=S ]ER? R@ "E[@( CEX SXX+ AC_ GES=X=\+ X;=C8S& N+S'
;\+ C+8@+"X+( A_ ([X=+S X;=S _+R JJJ "C >[SX=0_ X;=S +;\=ER EC@_ X;RE[8;
X;+ +^G+"XX=EC X;X X;+ R+S[@XS E0 A_ ]ER? ]=@@ EG+C SG;+R+' =C ];=";
"C AER+ ";R=X@_ "X X;C =C A_ "[RR+CX EC+J ;+ _+R FDZ7 S;E[@( R=C8
X;+ ";C8+JO
<@/ 2& 9LF9& L; 4&9& <<I
[R=C8 X;+ C+^X AECX;S' R@ \EC +R`8;= ]ER?+( EC ;=S EE? ?,
C1!+2-/ C# 4!26+G@-/0-@+!? ?C20)! C( ;+ 4C=S;+( =X =C X;+
SGR=C8 E0 FDZ7J ;=S EE? ]S @X+R R+"E8C=`+( ]ER@(]=(+ S X;+ 4RSX +S<
S+CX=@ EE? EC SE=@ A+";C="SJ X "ECX=C+( =C\+SX=8X=ECS EC X;+ GREG+RX=+S
E0 SE=@S' 0R="X=EC +X]++C SE=@ GRXS' SXR+C8X; E0 SE=@S' ;_(RE(_CA="@ SXR+SS
G;+CEA+C' G+RA+=@=X_ E0 SC( C( "@_' S ]+@@ S SXX="S E0 SE=@S C( EC
0E[C(X=ECSJ
;+ SEA+X=A+S S@EGG_ ]ER?' ]R=XX+C E\=E[S@_ =C 8R+X ;SX+' "ECX=C+(
@EX E0 [C"@+R X+RAS C( A=SSGR=CXSJ R@ \EC +R`8;= ;=AS+@0 ]S ]R+ E0
X;+ (=S(\CX8+S E0 ;=S 4RSX ]ER?J C FDYZ ;+ SXX+(& N;=S EE? 0+X[R+S @@
(\CX8+S C( @"?S E0 4RSX ]ER?J X =S E0 G=+"+ C( =S ]R=XX+C ]=X; X;+
+"SXS_ ];="; ]S S+X E1 _ =CX+@@+"X[@ G+C+XRX=EC E0 X;+ S[>+"X' S[""+SS0[@
E[X"EA+ R+"+CX@_J E]+\+R' =X 8R+X@_ E\+RS;EEXS X;+ AR? =C AC_ GE=CXS C(
@+XS X;+ GREG+RX=+S E0 SE=@S GG+R +S=+R X;C X;+_ R+@@_ R+J ER X;=S R+SEC
@SE R+S=SX+( @X+R X;+ XRCS@X=EC E0 X;+ EE? =CXE 0ER+=8C @C8[8+' ]=S;
];="; ]S +^GR+SS+( _ (=1+R+CX S=(+SJO
C GR=@ E0 FDZ7' ;+ XX+C(+( X;+ -?@A 2A!?2A-420 42)?!@@ #4? 6,
60-! !+2-@ =C +@0X' ;+ +X;+R@C(SJ @@ X;+ 0AE[S A+";C="=CS ]+R+
GR+S+CX& ;+E(ER \EC RAC H+RE(_CA="SI ];E ?C+] R@ \EC +R`8;=
0REA X;+ =R4+@( X SG+RC' [(]=8 RC(X@' 0AE[S 0ER ;=S ]ER? =C ;_(RE<
(_CA="S C( +RE(_CA="S' CS +=9C+R HS;+@@ X;+ER_I' C( X;+ C8@=S;
A+";C="=CS R=2X;' =8; C( E[X;]+@@ AEC8 EX;+RSJ R@ \EC +R`<
F@ L&29@ F7 P;9 &FT04 49 &7)L# =F47 N/# <:N/

<<' <@ F7 P;9 &FT024EG 247$2;;$# ;OL2 9$ 24G ;$ L; FL4& 9$ 2&;FS
8;= ]S E\=E[S@_ CEA=CX+( _ RE0+SSER ER";;+=A+R' X;+ +^"+@@+CX +^G+RX

=C ;_(R[@="S' +"[S+ =X ]S CEX +S_ XE R+"+=\+ C =C\=XX=EC XE S["; C
=AGERXCX "EC0+R+C"+J R@ 8\+ X@?& -! +!4?-! !? +G?4G21-@+!2
622C2)@!?@+!-2C2)!2 C2 -+? !?CA!+2-@+!@ 2E!2C2)@)!-!A H;+
X;+ER_ E0 ;_(RE(_CA=" SXR+SS G;+CEA+C C( =XS +RX;]ER? X+";C="@ 4+@(
E0 GG@="X=ECIJ E] X;+ [(=+C"+ R+"+=\+( ;=S X@? "CCEX + CS]+R+(J R@
\EC +R`8;= =CS=SX+( =C ;=S (=R_ X;X X;+ 0AE[S +RAC S"=+CX=SX RC(X@
;( GR=S+( ;=A 0ER X;+ +^XRER(=CR_ S=AG@="=X_ C( R=@@=C"+ E0 ;=S 0[C<
(A+CX@ =(+S' [X X;+R+ =S CE "ECXR=[X=EC E0 (=S"[SS=EC G[@=S;+( =C X;+
GRE"++(=C8S E0 X;=S =AGERXCX "EC0+R+C"+' S ]S (EC+ 0ER AC_ EX;+R X@?SJ
+ ]S "? =C ECSXCX=CEG@+ EC _ Fa' FDZ7J [R=C8 X;+ C+^X (_ ;+
;( XE "RR_ E[X ;=S "ERR+SGEC(+C"+J
C X;+ A=((@+ E0 [8[SX' FDZ7' ;+ ]S 8=C =C =+CC' ];+R+ ;+ \=S=X+(
AC_ "L[=CXC"+S C( 0R=+C(S' RX +^;==X=ECS' X;+ X;+X+R C( EX;+R GE=CXS
E0 =CX+R+SX' @=?+ X;+ +@\+(+R+<8R(+C' ";]R`+C+R8 @=S' X+0CS "X;+<
(R@ C( R@S ";[R";J + +C>E_+( (=C=C8 ]=X; ER";;+=A+R C( (=S"[SS=C8
@@ ACC+R E0 XEG="S ]=X; X;=S @=\+@_ C( =C8+C=E[S S"=+CX=SXJ + @+0X =+CC
]=X; C[+ SX+A+R EC [8[SX Ya' FDZ7' C( ;+(+( 0ER [";R+SX \=
RX=S@\' [(G+SX C( +@8R(+J X ]S \+R_ SAEEX; R=(+ C( R@ 0E[C(
X;+ @+=S[R+ XE R+( @0R+( +8+C+R C( S]@( G+C8@+R' EX; E0 ];EA ;+
(A=R+( \+R_ A[";' X;E[8; =C GRX="[@R' G+C8@+RJ + SXX+( X;X ;+ ;(
A+CX=EC+( S=A=@R =(+S S G+C8@+R =C ;=S +SS_ C0AC?! 4? -D-0-HA-42 _+RS
8EJ C [";R+SX ;+ @+0X X;+ SX+A+R C( A(+ S=(+<XR=G XE =C=' =CXE
X;+ AE[CX=CS' =CXE X;+ GRE\=C"+' _ XR=C' 0X+R ;+ ;( SG+CX C="+ (_ =C
[";R+SX \=S=X=C8 X;+ 8+E@E8="@ A[S+[A C( (=C=C8 ]=X; C "L[=CXC"+J
C =C=' R+SERX R+' X;+ S[AA+R R+S=(+C"+ E0 X;+ RE_@ 0A=@_ ]S @E"X+(J
+ RR=\+( =C =C= EC +GX+A+R Y' FDZ7J EAC=' @=?+ EX;+R "E[CXR=+S EC
X;+ @?C' ]S \+R_ GEERJ [R=C8 ]@? [G XE X;+ AE[CX=CS ;+ S]
\=@@8+ (E]C =C X;+ \@@+_& N=X =S S+XX@+A+CX @=?+ X;ES+ =C X;+ =@( +SXJ
;EGS C( G@=C' [X (=RX_ ;E[S+S' R88+( G+EG@+JO 0X+R SEA+ (_S E0 R+<
@^=C8' R+(=C8 C( ;=?=C8' ;+ R+X[RC+( XE [";R+SXJ ;+ C+^X SXX=EC ]S
ECSXCX$ EC X;+ @"? +J
"? =C ECSXCX=CEG@+' R@ \EC +R`8;= ;( XE (E @EX E0 RE[X=C+ ]ER?
C( ]S =C\E@\+( =C "ECS[@X=C8J ER+E\+R' ;+ ]S =CX+CS=\+@_ ]ER?=C8 EC "E<
;+S=EC' G+RA+=@=X_ C( 0R="X=EC GRE@+AS C( ]R=X=C8 S"=+CX=4" GG+RSJ C
X;+ A=(SX E0 "XE+R' FDZ7' R@ R+"+=\+( @+XX+R 0REA @8' ];="; RE[8;X
;=A "EAG@+X+@_ E[X E0 @C"+J N;=S 8R++(=C+SS C( S+@4S;C+SS R+ =C+^G@=<
"@+J @AESX GX;E@E8="@J P"ERC+(Q X;+ AEC+_ X;X +RC C( +^XERX+(
+\+R_ G+CC_ E0 X;X ];="; S;+ ;S EX=C+( _ 0R[(J _ @EE( E=@S' =0
X;=C? E0 X;=S "@+\+R' "EE@ =AGESX[R+J =@@ X;+ ;E[R E0 R+"?EC=C8 4C@@_ XE@@M
C( [C(+R ];X "=R"[ASXC"+SM ;+ RE(S E0 0X+ R+ XR[+@_ [C";RX+(JO +
R+G+X+( ;=S ;+\_ XX"?S =C (=R_ +CXR_ E0 +"+A+R ZZ C( S;ERX@_ 0X+R
;R=SXAS ;+ X;E[8;X E\+R ;=S "EA=C8 GES=X=EC XE]R(S @8T ;+ "A+ XE X;+
"EC"@[S=EC X;X X;+ S+XX@+A+CX =C X;+ C=X+( XX+S S++A+( XE + [C\E=(<
<@/ 2& 9LF9& L; 4&9& <<:
@+J E] 0R R@ ]S R=8;X "CCEX + GRE\+(T X;+R+ =S CE "ERR+SGEC(=C8
SXX+A+CX \=@@+ 0REA @8J
C E\+A+R' FDZ7' R@ ]S 8=C S"=+CX=4"@@_ "X=\+ C( ]REX+ C R<
X="@+ +CX=X@+( C@2! HSC(S 0ER [=@(=C8 G[RGES+SIJ ER+E\+R' ;+ G@CC+(
XE G[@=S; X+^XEE? E[X A+";C="S C( ;+ (+@X ]=X; "G=@@R=X_J ;+
=AG+X[S XE X;=C? E[X X;=S =AGERXCX G;+CEA+CEC "A+ 0REA @+XX+R E0
_E[C8 S"=+CX=SX 0REA X;+ +";C=S";+ E";S";[@+ E0 =+CC'
J E`+C_' ];E
;( E\=E[S@_ S?+( R@ E[X ;=S EG=C=EC E[X X;+ER_ ;+ ;( >[SX (+<
\+@EG+( HS++ E`+C_' FDZ7IJ R@ \EC +R`8;= R+SGEC(+( XE E`+C_QS @+XX+R
=C XR+X=S+ E0 S=^X++C G8+SJ ;+ >[(8+A+CX =C ;=S (=R_ ]S (+\SXX=C8J
N;+ AC ;S CE S+CS+ 0ER GREGERX=ECSJ ESS=@_ AX;+AX="@@_ \=RX[EE' [X
CE G;_S="=SXJO ;+ >[(8+A+CX =S ;R(@_ [C(+RSXC(@+ C( CEX ""+GX@+J
E`+C_QS ]ER? 0REA FDZ7 =S 0[C(A+CX@ SX+G XE]R(S "ECS=SX+CX "G=@<
@R=X_ X;+ER_ E0 GERE[S E(=+SJ R@ \EC +R`8;=QS @+XX+R S++AS XE ;\+ ++C
A=@(+R =C R+@=X_' +"[S+ E`+C_ R+SGEC(+( =C 0R=+C(@_ XEC+J C X;+ 0"X[@
S=(+ ;+ SXEE( 4RA@_' ;E]+\+R' C( R+>+"X+( X;+ G+XX_ E>+"X=ECSJ
E`+C_ HFDZ7' FDZUI' R+GR+S+CX=\+ E0 ;_(R[@="S C( A+A+R E0 X;+
0"[@X_ E0 X;+ +";C=S";+ E";S";[@+ =C =+CC' XR+X+( X;+ (_CA="S E0 X;+
"G=@@R_ AEX=EC ];+R+S \EC +R`8;= ]S "EC"+RC+( ]=X; X;+ SXX=" S=(+J
X =S R+@@_ A`=C8 X;X \EC +R`8;= 0=@+( XE A+CX=EC X;+ +^"+@@+CX X]E
GG+RS _ E`+C_' AER+ SE S=C"+ ;+ ?C+] X;+ GG+R E0 FDZ7 \+R_ ]+@@J
C +] +RS \+ R@ \EC +R`8;= R+6+"X+(' S [S[@' EC X;+ @SX
_+R& N _ ]ER?' X;+ 0R[=XS E0 AC_ _+RS E0 ;R( ]ER?' HGR+S+CX+( =C ;=S
C+] EE? ?C1!+2-/' ];="; ]S G[@=S;+( =C FDZ7 - S++ \EC +R`8;='
FDZ5 - X;+ [X;ERI' ]S ""+GX+( ]=X; ";=@@_ S=@+C"+J +;E"?' ) ES";@'
) [@@+R<R+S@[' RAC H]+@@<?CE]C GRE0+SSERS X X;X X=A+' X;+ [X;ERI
(=( CEX +\+C X;C? A+ 0ER =XJ ";1+RC"? (E+S CEX A+CX=EC =X ]=X; EC+ @=C+'
";A=(X H";A=XXMI =C +] ER? (E+S CEX ]R=X+ C_ AER+ JJJ [AC +=C8S
R+ SXR["? ]=X; @=C(C+SS C( ]ERS+ X;C X;XJ ;+ G+EG@+ ];EA ;+@G+(
XE C +^=SX+C"+ C( ];E 0E[C( =C X;+ AEA+CX E0 C++( S[GGERX =C A+ JJJ ;\+
0ER8EXX+C A+ X X;+ X[RC E0 X;+ _+RJ @8 =S ESX=CX+ C( AER+ S+@4S; X;C
+\+RJ +\+RX;+@+SS/ "C CEX +"EA+ =XX+RJ 0X+R ]=CX+R SGR=C8 "EA+S =CXE X;+
"E[CXR_ C( ;+ ];E (E+S CEX 8=\+ G@+S[R+ XE X;+ +[X=0[@ GREG+RX=+S E0 X;+
C+^X EC+' "[XS ;=AS+@0 =C ;=S E]C 6+S;J E\+' (A=R+ C( ]ER? - ];X ]ERR=+S
_E[ 0ER X;+ R+SX/ + ;[AC +=C8 C( S 8EE( S _E[R CX[R+ @@E]SJ =X;
X;X _E[ ;+@G _E[RS+@0 C( X;+ EX;+RSJO R@ \EC +R`8;=QS (+GR+SS=\+ AEE(
"ECX=C[+( =C X;+ 4RSX ]++?S E0 X;+ C+] _+RJ [R=C8 X;=S X=A+' ;+ \=S=X+( SEA+
"L[=CXC"+S' A(+ S+\+R@ +^"[RS=ECS =C ECSXCX=CEG@+ S ]+@@ S XE X;+
"E[CXR_S=(+ C( ;+ +C>E_+( SEA+ S=@+CX AE\=+SJ ;+C' X X;+ +C( E0
C[R_'
;+ R+"+=\+( GES=X=\+ R+\=+]J 0X+R AC_ (_S E0 (++G+SX (=S"E[R8+A+CX' ;+
0+@X C+]@_ R+\=\+(J E]+\+R' X;+ S=@+C"+ E0 EX;+R S"=+CX=SXS' XE ];EA ;+ ;(
S+CX ;=S EE? EX;+R+( ;=AT C( =C X;+ A=((@+ E0 R";' FDZ5' ;+ "EAG@=C+(&
N;+ ?C1!+2-/ =S E\=E[S@_ 0=@[R+J EAG@+X+ =C(=1+R+C"+ =C [REG+'
R+>+"X=EC =C X;+ ' CE ;EG+ 0ER "?CE]@+(8+A+CX C_AER+J E[8;X ]=X; (++G
<NU <@ F7 P;9 &FT024EG 247$2;;$# ;OL2 9$ 24G ;$ L; FL4& 9$ 2&;FS
8R=+0 0ER ]++?S' X;+C G[@@+( A_S+@0 XE8+X;+RJ ;+ AXX+R =S 8EE( C( =XS
G[RGES+ E0 CS]+R=C8 A_ L[+SX=ECS' ]S R+";+(J =@@ CEX 8=\+ (AC 0ER
X;+ R+SXJ +X E[X R=C8=C8 X;+ X+";C="@ 8+E@E8_ =CXE S_SX+A' [C"EC"+RC+(
];+X;+R EC+ R+"E8C=`+S A_ +1ERXS ER CEXJ ;+ X=A+ ]=@@ "EA+' ;E]+\+R' ]=@@
CEX +^G+R=+C"+ =X C_AER+ JJJ A S GEER S ";[R";<AE[S+J E]+\+R' X;+
`+SX 0ER ]ER? =S 8=C "? C( X;=S =S X;+ A=C GE=CXJO
C X;=S S=X[X=EC R@ \EC +R`8;= 0+@X \+R_ @EC+SEA+ C( ;+ S?+( ;=S
S=SX+R @@ 8=C XE \=S=X ;=AT ;+ +^G+"X+( ;+R 0ER X;+ A=((@+ E0 GR=@J 0X+R
@@ X;+ A=S+R_ =C X;+ @SX ]++?S ;+' 4C@@_' R+"+=\+( 8EE( C+]S' CA+@_ X;+
\+R_ GES=X=\+ R+\=+] E0 ;=S ?C1!+2-/ =C X;+ C8=C++R=C8 +]S<+"ER(
C( ;+ [C"ER?+( ;=S @SX E)+X<;C(ECJ
R@ \EC +R`8;=QS (+GR+SS+( AEE( "[S+( _ @"? E0 R+"E8C=X=EC E0 ;=S
]ER? C( X;+ [C"+RX=CX_ E0 ;=S GES=X=EC X E+RX E@@+8+ ]E[@( SEEC (=S<
S=GX+J C X;+ A+CX=A+' X;+ (+C E0 +C8=C++R=C8 HE+RX E@@+8+I CA+@_'
_C J "=G=E' ];E 8R([X+( 0REA [R([+ C=\+RS=X_ =C FDa,' ;( ]R=XX+C
@+XX+R XE +C J EXX+R 0REA [R([+ (+S"R==C8 _E[C8 R+S+R";+R =C X;+
(+GRXA+CX E0 =\=@ C8=C++R=C8 _ X;+ CA+ E0 R@ \EC +R`8;=' ];E ]S
(\C"=C8 SEA+ C+] =(+S C( G;=@ESEG;=+S "EC"+RC=C8 0E[C(X=EC +C8=C++R<
=C8J +C "=G=E S?+( E0 E1+R=C8 ;=A GES=X=EC 0ER R+S+R"; =C SE=@ A+";C="S
C( 0E[C(X=EC +C8=C++R=C8 ]=X; S@R_ E0 EC+ ;[C(R+( (E@@RS G+R AECX;J
@SE RE0+SSER [@ J =?+ E0 X;+ C=\+RS=X_ E0 +RAECX' 0ERA+R GRE0+SSER X
E+RX E@@+8+' S[GGERX+( R@ C( ]REX+ SXREC8 @+XX+R E0 R+"EAA+C(X=EC
XE +C EXX+RJ +C EXX+R "EC0+RR+( ]=X; X;+ ;+( E0 X;+ =\=@ C8=C++R=C8
+GRXA+CX E0 [R([+ C=\+RS=X_ E[X +C88=C8 R@ \EC +R`8;=J E]<
+\+R' X;+ +GRXA+CX ]S CEX =CX+R+SX+(J ;+R+[GEC X;+ (+C XRCSA=XX+(
X;+ =C0ERAX=EC XE RJ XRXXEC' X;+C X;+ R+S=(+CX E0 J JJ ]=X; X;+ S[8<
8+SX=EC X;X J JJ A=8;X + =CX+R+SX+( =C X;+ _E[C8 R+S+R";+RJ RJ XRXXEC
]S ;=8;@_ =CX+R+SX+( C( ;+ X;E[8;X "EAG+CSX=EC E0 EC+ ;[C(R+( (E@@RS
G+R AECX; ]S XEE AE(+SX C( S;E[@( + =C"R+S+( XE X]E ;[C(R+( C( 40X_
G+R AECX;J ;+C' EC _ ZD' FDZ5' RE0+SSER ;R@+S J GE1ER(' +( E0
X;+ +GRXA+CX E0 =\=@ C( C=XR_ C8=C++R=C8 X J JJ' ]REX+ \+R_
?=C( @+XX+R ]=X; X;+ =CL[=R_ NS XE ];+X;+R _E[ ]E[@( "R+ XE +"EA+ SSE"=<
X+( ]=X; E[R X+";=C8 SX1 EC X;+ S=S E0 C +C88+A+CX 0ER' S_' EC+ _+R
S SG+"=@ +"X[R+R C( +S+R"; SSE"=X+JO
C X;+ +\+C=C8 E0 GR=@ FV' FDZ5' R@ G="?+( [G ;=S S=SX+R @@ X X;+
R=@]_ SXX=ECJ [R=C8 X;+ C+^X (_S ;+ ]S ;GG_ ;\=C8 @@ ]=X; ;=A
C( XE8+X;+R X;+_ \=S=X+( S+\+R@ "L[=CXC"+S' C( EC+ ]EAC =C\=X+( @@
0ER EC+<(_ +^"[RS=EC XE X;+ "E[CXR_S=(+J C ;=S 0R++ X=A+' R@ XEE? ;=S
S=SX+R XE AC_ GE=CXS E0 =CX+R+SX' +J8J XE X;+ `R C( C L[+(["XJ C
GR=@ ZD' ;+ ""EAGC=+( @@ XE ;+R SX+A+RT =X ]S C +AEX=EC@ 0R+]+@@J
0X+R X;+ G[@="X=EC E0 ;=S EE? ?C1!+2-/' ;+ ]ER?+( R+SX@+SS@_
EC S+R=+S E0 RX="@+S =C 2)-2!!?-2) !E@,!4? =C ];="; ;+ R+GR+S+CX+(
S=AG@=4+( \+RS=EC E0 X;+ +SS+C"+ E0 ;=S 4C(=C8SJ ;+S+ RX="@+S' ASX+R@_
+(=X+( _ X;+ SSE"=X+ +(=XER J J ";A=XX' C( G[@=S;+( =C E\+A+R C(
<@/ 2& 9LF9& L; 4&9& <N<
+"+A+R' FDZ5' A(+ ;=A ]+@@<?CE]C =C "=\=@ +C8=C++R=C8 "=R"@+ST [X X;+_
]+R+ @SE S+\+R+@_ "R=X="=`+(J
C X;=S G=EC++R=C8 ]ER? EC X;+ ?-2-60!@ 4# 4-0 !+2-@' R@ \EC
+R`8;= A=C@_ E[X@=C+( X;+ A+";C="@ +;\=ER E0 "@_' ];="; ;+ ;( SX[(<
=+( X;RE[8; ;=S "R+0[@@_ G+R0ERA+( +^G+R=A+CXS X X;+ E+RX E@@+8+ =C EC<
SXCX=CEG@+J + ;( @=( (E]C ;=S ES+R\X=ECS C( R+S[@XS =C +=8;X R+GERXS
+8=CC=C8 ]=X; X;+ "E;+S=EC G;+CEA+CEC' "EAGR+SS=\+ SXR+C8X;' C( X;+ (+<
X+RA=CX=EC E0 X;+ G+RA+=@=X_ HR"_QS @] C( =AGRE\+A+CXSI E0 "@_J C
;=S 0E[RX; RX="@+' ;+ (+S"R=+( X;+ "ECSE@=(X=EC C( G+RA+=@=X_ GRE@+AS
C( =C X;+ C+^X RX="@+ ;+ =C\+SX=8X+( X;+ G;_S="@ (=1+R+C"+S +X]++C SC(
C( "@_J C X;+ S=^X; RX="@+' ;+ GR+S+CX+( X;+ SXR+SS<SXR=C (=8RA E0 SC(
C( X@+ =C ];="; ;+ S;E]+( X;+ A+";C="@ (=1+R+C"+S E0 SC( C( "@_J
C X;+ "EC"@[S=EC E0 X;+ ;=S 40X; R+GERX' R@ \EC +R`8;= SXX+(& N;+ R+<
S[@XS E0 E[R "EAGR=SEC +X]++C X;+ G;_S="@ GREG+RX=+S E0 SC( C( E0 "@_
R+ GR+S+CX+( =C X;+ X@+J ;+ 0"XS SXX+( =C X;+ 4RSX C( @SX "E@[AC E0
X@+ X;R++ ;\+ @EC8 ++C ?CE]C' [X ?CE]@+(8+ E0 X;+ "[SX=\+ "ECC+"<
X=EC' ;E]+\+R' +X]++C X;+S+ X]E 8RE[GS E0 0"XS =S C+]J X =S A["; S=AG@+R
"ECC+"X=EC X;C A=8;X ;\+ ++C +^G+"X+(J ;=S X@+' X;+ "[R\+S E0 =8J 7
HSXR+SS<SXR=C (=8RA 0ER SC(I C( X;+ GRX=@ (=1+R+CX=@ +L[X=EC HS++ \EC
+R`8;=' FDZY' X;+ [X;ERI R+GR+S+CX X;+ 0[C(A+CX@ GR=C"=G@+S E0 A+";C<
="S' =C C[XS;+@@J ;+_ R+ X;+ ?+_ XE X;+ G;_S="@ +^G@CX=EC E0 ];X+\+R
GREG+RX=+S SE=@ A_ (=SG@_' =C X;+ @ERXER_ ER =C X;+ 4+@(JO
;+ S+\+CX; XR+X=S+ ]S "EC"+RC+( ]=X; 0R="X=EC =C SC( C( =C "@_ C( ;+
SXX+( 4C@@_& N C "@_ X;+ 0R="X=EC "E+2"=+CX 0ER A+(=[A C( ;=8; GR+SS[R+S
=S R+AR?@_ "ECSXCXJ ER @E] GR+SS[R+S' ;E]+\+R' X;+ \@[+ E0 X;+ "E+2"=+CX
=C"R+S+S ]=X; (+"R+S=C8 GR+SS[R+' +"[S+ =C=X=@ 0R="X=EC G@_S C =AGERXCX
GRX' AE[CX=C8 XE E[X Za J G=( ";C8+ E0 GR+SS[R+ GRE(["+S =C
X;+ @=L[=( "EAGEC+CX E0 X;+ "@_ GES=X=\+ ER C+8X=\+ ;_(RESXX=" GR+SS[R+J
;+ "E+2"=+CX E0 0R="X=EC (E+S CEX SS[A+ =XS CERA@ \@[+ H"E+2"=+CX E0
SXX=" 0R="X=ECI [CX=@ X;+ ;_(RESXX=" GR+SS[R+ ;S +"EA+ `+RE X;RE[8;E[X X;+
];E@+ ASSJ C X;+ GR+"+(=C8 SX8+ E0 X;+ GRE"+SS' X;+ "E+2"=+CX E0 0R="X=EC
H"E+2"=+CX E0 ;_(RE(_CA=" 0R="X=ECI A_ ;\+ C_ GES=X=\+ \@[+' C( =S
0[C"X=EC E0 X;+ X=A+JO
C ;=S 4C@ RX="@+' R@ \EC +R`8;= 8\+ C E[X@EE? EC X;+ 0[X[R+ (+<
\+@EGA+CX E0 X;+ 4+@( C( GEX+CX=@ GRE@+AS - C( ;+ A(+ S[RGR=S=C8
SXX+A+CX& NER GR"X="@ GG@="X=EC' SE=@ A+";C="S A[SX + GG@=+( =C X;+
4RSX =CSXC"+ XE X;+ 0E@@E]=C8 E>+"X=\+S&
HI X;+ER_ E0 AE(+@S A[SX + (+\+@EG+(J =X;E[X S["; X;+ER_ CE
\@=( "EC"@[S=EC "C + (R]C 0REA X;+ R+S[@XS E0 @E(=C8 X+SXS EC SE=@S ER
0REA AE(+@ X+SXS HS EC (ASI' ]=X; R+SG+"X XE 0[@@<S=`+( SXR["X[R+SJO
XX+A+CXS HI C( HI ]+R+ "EC"+RC+( ]=X; X;+ "@SS=4"X=EC E0 SE=@ C(
]=X; (+L[X+ (+S=8C (XJ
;+ +=8;X RX="@+S EC GR=C"=G@+S E0 SE=@ A+";C="S ]+R+ "@+R@_ RRC8+( C(
([+ XE ;=S 8=0X 0ER R+"E8C=`=C8 +SS+CX=@ G;_S="@ G;+CEA+C C( ;=S =@=X_ XE
<NN <@ F7 P;9 &FT024EG 247$2;;$# ;OL2 9$ 24G ;$ L; FL4& 9$ 2&;FS
?++C@_ ES+R\+ 8+EA+";C="@ GRE@+AS' ;+ ]S @+ XE (+S"R=+ X;+ A+";C<

="@ GREG+RX=+S E0 "@_ =CX+CS=\+@_ 8=\=C8 "@+R G="X[R+ E0 =XS +;\=ERJ C ;=S
XR+X=S+ ;+ \E=(+( X;+ A+";C="@ 0E[C(X=EC E0 X;+ ES+R\+( G;+CEA+C [X
(+S"R=+( X;+A 8+C+RE[S@_ ]=X; EC@_ SEA+ +S_ 0ERA[@S C( 48[R+SJ ;[S'
=X =S CEX S[RGR=S=C8 X;X ;=S RX="@+S R=S+( "ECS=(+R@+ AE[CX E0 XX+CX=EC
=C X;+ "=R"@+ E0 "ECS[@XCX +C8=C++RS C( "ECXR"XERS =C "=\=@ +C8=C++R=C8' C(
;+ R+"+=\+( R+AR?@+ AE[CX E0 GES=X=\+ R+SGECS+SJ E]+\+R' ;+ ]S @SE
S;RG@_ "R=X="=`+(' +J8J =C @+XX+RS E0 X;+ G;_S="=SX J J =@SEC ];E ;( SX[(=+(
SEA+ RX="@+S C( @SE R@ \EC +R`8;=QS X@? X X;+ A+";C="S "EC8R+SS =C
+@0X =C FDZ7J + 0E[C( \EC +R`8;=QS "ECXR=[X=ECS XE + [CSE[C( C( E0
@=XX@+ \@[+J @SE J +RR=AC +^GR+SS+( ;RS; E>+"X=ECS XE SEA+ SXX+A+CXS
=C X;+ RX="@+S EC X;+ GR=C"=G@+ E0 SE=@SJ C(++(' X;+ 6] =C \EC +R`8;=S XR+<
X=S+S =S X;X ;+ (=( CEX S+ ;=S 4C(=C8S EC A+";C="S @X;E[8; ;+ XR+X+(
A+";C="@ GRE@+AS' CA+@_ X;+ AEX=EC E0 AX+R=@ GE=CXSJ ER +ÂG@+' =X
]S "@+R@_ ?CE]C XE ;=A X;X X;+ "@_ E(_ ]S A=^X[R+ HS++ X;+ E\+
SXX+A+CXST \EC +R`8;=' FDZ5IJ
;=S R+@=`X=EC ]S ;=S EC@_ "ECXR=[X=EC XE X;+ X;+ER_ E0 GERE[S A+(='
@X;E[8; X;+ A+";C="@ A=^X[R+ X;+ER_ C( X;+ \E@[A+ 0R"X=EC "EC"+GX

]+R+ @R+(_ ?CE]CJ =S S"=+CX=4" ]ER? =C X;=S SG+"X R+A=C(S EC+ E0 S[";
R+S+R";+RS ];E (+S"R=+' +J 8J' X;+ +@SX=" @=C+ E0 @E(+( +A _ AX;<
+AX="@ 0[C"X=EC ]=X;E[X C_ A+";C="@ 0E[C(=C8J ;=S A+X;E( A_ +
SEA+X=A+S @R=8;X 0ER SG+"=@ +ÂG@+J E]+\+R' =X =S E0 CE \@[+ 0ER 8+C<
+R@ X;+ER_ C( X;[S' R@ \EC +R`8;= \=E@X+( =C 68RCX ACC+R ;=S
E>+"X=\+ HI A+CX=EC+( E\+J
;+ C+^X ]++?S ]+R+ E""[G=+( ]=X; ;=S ([X=+S =C X;+ E+RX E@@+8+J
R([@@_ ;+ 8EX AER+ C( AER+ C+R\E[SJ X X;+ +8=CC=C8 E0
[C+ ;+ R+@=`+(
X;X X;+ E@@+8+ ]E[@( + "@ES+( C( ;+ (=( CEX ?CE] ];+R+ ;+ ]E[@( +
@+ XE SG+C( X;+ S[AA+R C( X;+ C+^X ;R=SXASJ =C@@_' EC
[C+ ZD' FDZ5'
;+ R+"+=\+( X+@+8RA 0REA X;+ +( E0 +GRXA+CX E0 X;+ SS";[S+XXS
CSX=X[X+ E0 +";CE@E8_ H J JJI' RJ GE1ER(& N]+CX_<4\+ ;[C(R+( (E@@RS
0ER X;+ "(+A=" _+RJ ECS=(+R@+ 0R++ X=A+JO ER AEA+CX X;=S @+0X ;=A
SG++";@+SSJ N;=S ]S X;+ (+"=S=ECJ G@XR_ E1+RJ +\+RX;+@+SS' X;+ RE( =CXE
X;+ EG+C' 0X+R +=8;X _+RS E0 L[=+X S+"@[S=ECJO R@ \EC +R`8;= =AA+(=X+@_
[C(+RXEE? 8R+X "X=\=X=+S& ;+ RE(+ XE X;+ +ASS_ 0ER \=S' XE C?' C(
;+ R+SGEC(+( ]=X; X+@+8RA& N""+GX+( JJJO C( ;+ ((+( =C ;=S (=R_ N=X;
X;=S A_ 0X+ ]S (+"=(+(JO
0X+R ;\=C8 S?+X";+( R@ \EC +R`8;=QS SXR+C[E[S C( SEA+X=A+S +^<
;[SX=C8 ]ER? =C ECSXCX=CEG@+ ]=X; X;+ =A E0 "R+X=C8 C +RX;]ER? A+<
";C="S =C X;+ _+RS 0REA FDFV [G XE FDZ7 X;+ X=A+ S++AS R=G+ XE +\@[X+ ;=S
";=+\+A+CXSJ @X;E[8; ;+ \+R_ E0X+C SGE?+ E0 +RX;]ER? +C8=C++R=C8' ;+ +S<
S+CX=@@_ ]CX+( XE +SX@=S; C+] S"=+C"+ =C ];X ;+ X 4RSX "@@+( +RX;]ER?
2& P;7O8& )FL4;9 ;9&=L F&7L&G L2& P;7O8& &7&8&9LG ;) L2& 49$4P4$O7 ;93
GL4LO&9LG ;) GLOFL&$ =;F;OG G;74$ L; L2& P;7O8& &7&8&9L ;) L2& ;9LF;7 G=&
Q242 4G G2=&$ S L2& =;F;OG G;74$@
<@/ 2& 9LF9& L; 4&9& <NM
A+";C="S HR([A+";C=?I C( @X+R SE=@ A+";C="S HE(+CA+";C=?I HS++

X;+ @X+R A+CX=EC+( SG++"; XE X;+ ESXEC E"=+X_ E0 =\=@ C8=C++RSIJ ;+
@X+R X+RA A?+S =X "@+R ];X ;+ =CX+C(+(' CA+@_ CEX EC@_ XE (+S"R=+ X;+
SXR["X[R+ [X @SE XE =C\+SX=8X+ X;+ A+";C="@ +;\=ER E0 SE=@ =C"@[(=C8
4@XRX=EC GRE@+AS' S+XX@+A+CXS C( EX;+R G;_S="@ G;+CEA+CJ C ER(+R XE
A+S[R+ ;=S ";=+\+A+CXS =C X;=S R+SG+"X' SEA+ X;E[8;XS E[X S"=+C"+ C(
A+";C="S ]=@@ + E[X@=C+(J
"=+C"+' =C =XS ER=8=C@ S+CS+ =C X;+ G;=@ESEG;_ E0 CX=L[=X_ C( X;+ =((@+
8+S' ]S SS[A+( XE G[X XE8+X;+R S_SX+AX="@@_ @@ GR+\=E[S@_ 8=C+( ?CE]@<
+(8+ HE>+"X=\+ XR[X;I S =X =S ?CE]C 0REA X;+ RXS' X;+ ;[AC=X=+S' A+(="=C+
C( =C GRXS 0REA +C8=C++R=C8<S"=+C"+SJ ;+ (+"EAGES=X=EC E0 X;=S [C=\+RS@
"EC"+GX E0 S"=+C"+ "EAA+C"+( ]=X; X;+ (+\+@EGA+CX E0 X;+ AE(+RC CX[R@
S"=+C"+S =C 0\E[R E0 SXREC8+R +AG;S=S EC X;+ =C(=\=([@ S"=+C"+SJ X X;+
SA+ X=A+ X;+ AX;+AX="@ S"=+CX=4" A+X;E( +"A+ X;+ AE(+@ 0ER @@ S"=+C<
X=4" A+X;E(S ]=X; X;+ =A E0 GR+(="X=C8 X;+ER+X="@@_ ES+R\+( G;+CEA+CJ
"=+CX=4" A+X;E( A+CS X;+ [C=S+(' A+X;E(="@' \@[+<0R++' [C(+RSXC(<
@+' ([G@="X@+ \+R=4"X=EC E0 +"; SXX+A+CX' X;+ GESS==@=X_ E0 "R=X="=SA
- C( G[R=X_' =J+J CEX +=C8 (=R+"X+( XE C_ SG+"=4" G[RGES+J ;+ A=C R+<
L[=R+A+CXS =C X;=S @=SX R+ ]=X;E[X (E[X' A+X;E(="@ GRE"++(=C8' \+R=4"X=EC
E0 +"; SXX+A+CX C( X;+ (+\+@EGA+CX E0 S"=+C"+ CEX 0ER SG+"=@ G[RGES+S
[X =C ER(+R XE S++? X;+ XR[X;J C GRX="[@R' X;+ @SX GE=CX' GES=X+( _ X;+
R++? G;=@ESEG;+RS' ;S RE[8;X 8R+X S[""+SS 0ER E""=(+CX@ "[@X[R+J [+ XE
R+S+R"; ]=X;E[X R+0+RR=C8 XE SG+"=@ G[RGES+' X;+ (+\+@EGA+CX E0 8+EA+XR_
=C C"=+CX R++"+ ]S A(+ GESS=@+J ;=S (+"=S=\+ GRE8R+SS =C AX;+AX="S
]S C+\+R R+";+(' 0ER +ÂG@+' =C 8_GX' @X;E[8; X;+ C"=+CX 8_GX=CS'
0ER"+( _ X;+ CC[@ 6EE(=C8 E0 X;+ "E[CXR_S=(+ E0 X;+ =@+' ;( =CSX@@+( C(
(+\+@EG+( C +1+"X=\+ S[R\+_=C8 GR"X="+J E]+\+R' X;+_ (;+R+( XE 8+EA+<
XR_ ];="; ]S EC@_ \@=( 0ER EC+ G[RGES+' CA+@_ XE S[R\+_ X;+ "E[CXR_ 8=C
0X+R X;+ 6EE(J
@SS="@ A+";C="S ]S "R+X+( C( (+\+@EG+( EC X;+ S=S E0 X;+ GR=AR_
R+L[=R+A+CXS SXX+( E\+' ""ER(=C8 XE S";+A+ _ X;+ [X;ER' @R+(_
GRX@_ =CXRE(["+( _ @=@+E =C X;+ S+\+CX++CX; "+CX[R_' ];="; =S \+R_ S=A=@R
XE X;+ 0E[R<SX8+S E0 AE(+RC S"=+CX=4" X;+ER_ HS++ EGG+R' FDD7I&
FJ ^G+R=+C"+' ES+R\X=EC' ;=SXER="@ SX[(=+S C( R+"E8C=X=EC
E0 GRE@+AST
ZJ XX+AGXS X 0ERAX=EC E0 X;+ER=+ST
YJ XX+AGXS XE +@=A=CX+ 0@S+ X;+ER=+S X;RE[8; "R=X="@ (=S"[SS=EC
=C"@[(=C8 +^G+R=A+CX@ C( C[A+R="@ \+R=4"X=ECST
7J +] GRE@+AS ];="; R=S+ 0REA X;+ "R=X="@ (=S"[SS=ECSJ
C ER(+R XE "R+X+ C+] S"=+C"+ =C 4+@( E0 CX[R@ S"=+C"+' =X =S E\=E[S
X;X X;+ GRE@+A 4RSX ;S XE + R+"E8C=`+(J ;=S =S EC@_ GESS=@+ =0 EC+ ;S
8R+X +^G+R=+C"+ =C X;+ 4+@( =C "ECS=(+RX=EC C( X;+ 8=0X E0 ?++C ES+R\X=ECJ
C GRX="[@R' EC+ ;S XE + 0A=@=R ]=X; @@ +CS[R+( 4C(=C8S =C X;=S 4+@(
C( =C AC_ "S+S @SE ]=X; X;+=R ;=SXER="@ "?8RE[C(' ];="; "C + \+R_
<N/ <@ F7 P;9 &FT024EG 247$2;;$# ;OL2 9$ 24G ;$ L; FL4& 9$ 2&;FS
;+@G0[@J ;+C' ;_GEX;+S+S C( X;+ER=+S ;\+ XE + "R+X+(J ;+_ ;\+ CEX;=C8
XE (E ]=X; GR"X="+ RX;+R' X;+_ R+ =C X;+ AE(+RC S+CS+' 4C(=C8S 8=C+( _
R+SEC=C8' +^G@CX=ECS E0 "ERR+@X=ECS C( 0"XS' R+"+=\+( 0REA ;_GEX;+S+S EC
];="; X;+_ R+ S+(' ];="; X;+AS+@\+S ;\+ XE + \+R=4+( C( S_SX+AX=`+(J
;+ X;+ER=+S ;\+ XE + "R+0[@@_ C( "R=X="@@_ (=S"[SS+(T =C GRX="[@R' X;+_
;\+ XE E+_ ^=EAS HE>+"X=\+ XR[+ @]SI C( ;\+ XE + +^G+R=A+CX@@_
GRE\+C - =0 X;=S =S C+"+SSR_J ER+E\+R' C[A+R="@ =C\+SX=8X=ECS ;\+ XE +
G+R0ERA+( =C ER(+R XE GRE\+ X;X SE@[X=ECS E0 GRE@+AS E0 X;+ C+] X;+ER_ R+
GESS=@+J ;=S A+X;E( ;S ++C A=C@_ (+\+@EG+( E\+R X;+ @SX (+"(+SJ
REA X;+ (=S"[SS=ECS =X A_ ;GG+C X;X C+] GRE@+AS R=S+ ];="; ;\+
XE + XR+X+( =C X;+ 0ER+A+CX=EC+( ACC+RJ
C X;+ (+S"R=+( S=S E0 S"=+C"+' ]+ "C RX+ R@ \EC +R`8;=QS ";=+\+<
A+CXS [G XE FDZ5J +0ER+ (E=C8 X;=S ;=S R+S[@XS S;E[@( + S[AAR=`+(J ;=S
;( ++C (EC+ _ \EC +R`8;= ;=AS+@0 =C @+"X[R+ 8=\+C XE X;+ A+A+RS E0
X;+ ESXEC E"=+X_ E0 =\=@ C8=C++RS EC E\+A+R F,' FDZ5J N;+ GRE@+AS
E0 0E[C(X=ECS R+ S E@( S C_ ]=X; ];="; X;+ SXR["X[R@ +C8=C++R ;S XE (+@J
E]+\+R' ([R=C8 X;+ @SX EC+ ;[C(R+( _+RS SXR["X[R@ +C8=C++R=C8 +"A+
C +@ERX+ C( \+R_ =CXR="X+ S"=+C"+' ];=@+ =C X;+ \SX 4+@( E0 +RX;]ER?
+C8=C++R=C8 CEX;=C8 ;S ++C GRE(["+( +^"+GX S+X E0 G=@+<(R=\=C8 0ERA[@+
C( C "(+A=" X;+ER_ E0 +RX; GR+SS[R+ 8=CSX R+X=C=C8 ]@@SJ _AE@=<
"@@_ SG+?=C8' X;+S+ X;+ER=+S 4X =CXE X;+ 0RA+ E0 AE(+RC "=\=@ +C8=C++R=C8
S R=C=X_ ;[R"; 4XS =CXE RE(]_J ;+ SXR["X[R+ =S \+R_ \+C+R@+' [X =XS
0E[C(X=ECS R+ >[SX SXREC8 +CE[8; XE S[GGERX EC+<SXER+_ [=@(=C8J +C"+'
+0ER+ +R+"X=C8 AER+ +@ERX+ SXR["X[R+' EC+ ;S XE (=8 (++G@_ +@E] X;+
E@( 0E[C(X=ECS C( XE GRE\=(+ AER+ S[SXCX=@ S[SXR["X[R+J
;=S ;S ++C (EC+ _ "R+0[@ SX[(_ E0 @@ X;ES+ G;_S="@ 0"XERS ];=";
"[S+ X;+ (=1+R+C"+ +X]++C X;+ SE=@S X;+ +C8=C++R ;S XE (+@ ]=X; C(
X;+ =(+@ AX+R=@ =C\+CX+( _ X;+ [X;ERS E0 E[R "@SS="@ +RX;<GR+SS[R+
X;+ER=+SJ ;+S+ 0"XERS "C + SS+A@+( =C X;+ X;R++ 8RE[GS& 4RSX' X;+ 0ER"+S
"X=C8 X X;+ GE=CXS E0 "ECX"X +X]++C X;+ SE=@ 8R=CST S+"EC(' X;+ SXR=C
+1+"X GRE(["+( =C SE=@S _ +^X+RC@ 0ER"+ST C( X;=R(' X;+ +1+"X E0 X=A+ EC X;+
(+\+@EGA+CX E0 SXR=CJ JJJ - @@ X;+S+ G;_S="@ 0"XERS R+ =CX=AX+@_ "ECC+"X+(
]=X; X;+ SXR["X[R+ E0 X;+ SE=@JO C X;+ 0E@@E]=C8 GR8RG;S \EC +R`8;=
(+S"R=+(' X 4RSX X;+ SXR["X[R+ E0 "E;+S=EC@+SS SC(S C( ;+ R+AR?+( X;X =X
RC8+S +X]++C X]E +^XR+A+ @=A=XS - X;+ (+CS+ 8RC[@R C( X;+ @EES+ 8RC[@R
SXR["X[R+J ER+E\+R' ;+ (=S"[SS+( X;+ "S+ ];+R+ X;+ SXR["X[R+ =S =CSX@+ C(
X;+ GESS==@=X=+S E0 "EAG"X=C8 @EES+ SC(S C( E0 @EES+C=C8 (+CS+ SC(SJ
SG+"=@ S+"X=EC =S (+\EX+( XE X;+ SXR["X[R+ E0 \+R_ 4C+<8R=C+( AX+R=@S C(
X;+ A+";C="S E0 8R=CS 1+"X+( _ GER+<]X+R' =C GRX="[@R' @SE =C X;+
"G=@@R_ RC8+J
R@ \EC +R`8;= (+S"R=+( X;+ SXR["X[R+S C( SEA+ A+";C="@ +1+"XS
]=X; \+R_ "@+R ]ER(S S ;+ ;( @R+(_ (EC+ 0ER EX;+R ES+R\X=ECS =C CX[R+J
C X;+ A=C GRX E0 ;=S X@? =C ESXEC' ;+ X[RC+( XE X;+ A+";C="@ G;+<
CEA+C E0 @E(+( SE=@ E(=+S ]=X; +AGX_ C( ]X+R<4@@+( GER+SJ + "EA<
<@/ 2& 9LF9& L; 4&9& <N-
A+C"+( ]=X; X;+ SXX+A+CX& N SX[(_ E0 X;+ SXR=C +1+"X GRE(["+( _ +^<
X+RC@ 0ER"+S =C SE=@S ;S @+( XE X;+ R+S[@X X;X X;+ R+@X=ECS +X]++C SXR+SS
C( SXR=C =C SE=@S R+ @AESX S S=AG@+ S X;+_ R+ 0ER SE@=( 8RC[@R E(=+SJ
;+ EC@_ (=1+R+C"+ ];="; ]S 0E[C( XE +^=SX =S X;=S& 0ER SE@=(S' X;+ AE([@[S
E0 +@SX="=X_ C( X;+ R+S=SXC"+ 8=CSX S;+R =S "ECSXCX' A+R+@_ (+G+C(=C8
EC X;+ CX[R+ E0 X;+ AX+R=@J ER GE](+RS EX; AE([@[S E0 +@SX="=X_ C(
R+S=SXC"+ 8=CSX S;+R =C"R+S+ =C (=R+"X GREGERX=EC ]=X; X;+ =CX+CS=X_ E0
X;+ =CX+RC@ GR+SS[R+ JJJ
;=S S=AG@+ 0"X "E\+RS X;+ \SX 4+@( E0 SXR+SS<SXR=C R+@X=ECS =C SE=@S'
GRE\=(+( X;+ \E=(S E0 X;+ SE=@ R+ 4@@+( ]=X; =RJ
JJJ - E]+\+R' =0 X;+ \E=(S R+ 4@@+( ]=X; ]X+R ]+ R+ E@=8+( XE "ECS=(+R
0"XER S+CX EX; =C X;+ A+";C="S E0 SE=@S C( E0 (R_ GE](+RSJ [GGES+
X;+ SXR=C +1+"X "ECS=SXS =C "EAGR+SS=ECJ EAGR+SS=EC A+CS (+"R+S+ =C
\E@[A+J EX; ]X+R C( 8R=CS R+ GR"X="@@_ =C"EAGR+SS=@+' ;+C"+ X;+ "EA<
GR+SS=EC =C\E@\+S 6E] E0 ]X+R X;RE[8; X;+ \E=(S 0REA X;+ =CX+R=ER E0 X;+
S+(=A+CX XE]R(S X;+ S[R0"+J E 6E] E0 ]X+R X;RE[8; GERE[S E(=+S =S GES<
S=@+ ]=X;E[X ;_(R[@=" 8R(=+CXJ +C"+ X;+ +^X+RC@ GR+SS[R+ GRE(["+S 4RSX
;_(R[@=" +^"+SS GR+SS[R+ =C X;+ \E=(SQ ]X+R' C( X;+ SG++( ]=X; ];=";
X;+ SXR=C +1+"X X?+S G@"+ =S (+X+RA=C+( _ X;+ SG++( ]=X; ];="; X;+ ]X+R
"C +S"G+ XE]R(S X;+ 0R++ S[R0"+J C "ERS+<8R=C+( GE](+RS' X;+ R+S=SXC"+
8=CSX 6E] =S \+R_ SA@@' C( S "ECS+L[+C"+ X;+ SXR=C +1+"X GRE(["+(
_ +^X+RC@ 0ER"+S E""[RS @AESX S RG=(@_ S =X (E+S =C SE@=(SJ E]+\+R' X;+
SA@@+R X;+ 8R=CS X;+ 8R+X+R =S X;+ R+S=SXC"+ X;+ G+R"E@X=C8 ]X+R ;S XE
E\+R"EA+' C( 0ER "E@@E=(@ SE=@S X;=S R+S=SXC"+ GRE(["+S @8 E0 "EAGR+SS=EC
E0 AECX;S ER E0 _+RS' (+G+C(=C8 EC X;+ (+8R++ E0 G+RA+=@=X_ C( X;+ X;="?<
C+SS E0 X;+ (+GES=XJ X;+ER+X="@ SX[(_ E0 X;=S G;+CEA+CEC ;S 0[RC=S;+( X;+
0E@@E]=C8 R+S[@XJO R@ \EC +R`8;= R+G+X+( ;=S GRX=@ (=1+R+CX=@ +L[X=EC
];="; ;+ ;( (+\+@EG+( =C FDZY C( ;+ R+AR?+(& N;+ R+@X=EC ];="; +^<
=SXS +X]++C X;+ X=A+ C( X;+ ;_(RESXX=" +^"+SS GR+SS[R+ JJJ' "X=C8 =C X;+
"G=@@R_ ]X+R X X;+ GE=CX @E"X+( =C (+GX; ` +@E] X;+ S[R0"+' ]S
0E[C( XE + (+X+RA=C+( _ X;+ +L[X=EC - JJJO +R+ X;+ (=1+R+CX=@ +L[X=EC
0E@@E]+(J [RX;+RAER+' ;+ A(+ SEA+ "EAA+CXS "EC"+RC=C8 X;+ C@E8_ E0
;=S +L[X=EC ]=X; X;+ "ERR+SGEC(=C8 (=1+R+CX=@ +L[X=EC E0 X;+ X;+ER_ E0 @=C<
+R CEC<SXX=ECR_ 6E] E0 ;+X X;RE[8; ;EAE8+CE[S E(=+S C( (+S"R=+(
X;+ ECS+X E0 ]X+R 6E] =C @E(+( SX[RX+( GERE[S E(_J C GRX="[@R' ;+
SX[(=+( X;+ "ECSE@=(X=EC E0 A[( (+GES=XS C( X;+ ES+R\X=ECS ([R=C8 X;+
(R=\=C8 E0 G=@+SJ ER+E\+R' ;+ A(+ SEA+ R+AR?S E[X X;+ G+RA+=@=X_ =C
\R=E[S SE=@S ;+ ;( SX[(=+( =C X;+ GR+"+(=C8 _+RS' C( +^X+CS=\+@_ (+S"R=+(
0E[C(X=ECS E0 ]+=RS =C G+RA+@+ 8RE[C(J
+ "@ES+( ;=S X@? ]=X; S[AAR_ E0 ;=S GR+\=E[S ]ER? C( 8\+ ;=CXS
0ER (E=C8 0[RX;+R R+S+R"; C( +(["X=ECJ N+CX@+A+C' X X;+ E[XS+X E0 A_
@+"X[R+ "EAGR+( X;+ "@SS="@ +RX;<GR+SS[R+ X;+ER=+S ]=X; R=C=X_ ;[R";J
;+ [R8+CX C++( 0ER AER+ S[SXCX=@ [=@(=C8 =S [CL[+SX=EC@+J ;X
;\+ (EC+ ;S ++C XE [C(+R"[X X;+ E@( 0E[C(X=ECS C( XE R"+ X;+A
<NJ <@ F7 P;9 &FT024EG 247$2;;$# ;OL2 9$ 24G ;$ L; FL4& 9$ 2&;FS
8=CSX AER+ R+S=SXCX S[SXRXJ C SE (E=C8 ]S @EC+' ]=X; @=A=X+( 0[C(S
C( ]=X;E[X SS=SXC"+J ;=S 0"X A_ ""E[CX 0ER X;+ R[(=A+CXR_ ";R"X+R
E0 ];X "E[@( GR+S+CXJ ;+ R+S[@XS R+ GREA=S=C8' [X X;+ A>ER GRX E0
X;+ ]ER? R+A=CS XE + (EC+J +C"+ ]=S; XE "EC"@[(+ A_ @+"X[R+ ]=X;
0+] R+AR?S "EC"+RC=C8 ];X S;E[@( + (EC+ C+^X 0ER (+\+@EG=C8 X;+ _E[C8
S"=+C"+J
ER (\C"=C8 SG+"=@ RC"; E0 G;_S="S ER ";+A=SXR_' =X =S S[2"=+CX
XE GRE\=(+ 0[C(S' 0+@@E]S;=GS C( XE +SX@=S; C+] @ERXER=+SJ ;+R+ R+
AG@+ A+C ];E "C (E X;+ ]ER?' +"[S+ XR=C=C8 =C G;_S="S ;S ++C SXC<
(R(=`+(J E]+\+R' =C SE=@ A+";C="S X;+ S=X[X=EC =S 0R AER+ "EAG@+^J ER
GRE(["=C8 \@[@+ R+S[@XS =C X;=S 4+@( E0 GG@=+( S"=+C"+' AC A[SX + X
;EA+ =C X @+SX 4\+ ER S=^ (=1+R+CX S"=+C"+S' SEA+ E0 X;+A 0R R+AEX+ 0REA
X;+ 4+@( E0 "=\=@ +C8=C++R=C8' C( =C ((=X=EC ;+ A[SX ;\+ RE(' GR"X="@
+^G+R=+C"+ ER +@S+ ;+ "CCEX (=S"R=A=CX+ +X]++C ];X =S +SS+CX=@ C( ];X
CEC<+SS+CX=@J ;+ A+C ];E CE](_S 0[@4@@ X;+S+ R+L[=R+A+CXS R+ +^"++(<
=C8@_ S"R"+' +"[S+ X;+=R +^G+RXC+SS ;S CEX ++C GRE(["+( _ S_SX+AX="
XR=C=C8 [X _ GX=+CX S+@0<+(["X=EC' 8[=(+( _ =CSX=C"X RX;+R X;C _ (+<
4C+( GRE8RAJ =X;E[X S["; A+C' CEX;=C8 ]ERX; ];=@+ "C + ""EAG@=S;+(J
+ @+RC+( X;=S 0"X 0REA X;+ "[A[@X=\+ R+S[@XS E0 R+@X+( +1ERXS A(+ ([R<
=C8 X;+ @SX X+C _+RSJ +C _+RS 8E ]+ ]+R+ AER+ EGX=A=SX=" "EC"+RC=C8 X;=S
GE=CXJ [RX;+RAER+' =C G;_S="S ER ";+A=SXR_ E>+"X=EC@+ R+S[@XS =0 G[@=S;+(
(E CEX ;RA' +"[S+ X;+_ R+ GR+XX_ SEEC (=SGRE\+(J C +RX;]ER? +C8=C++R<
=C8 S["; G[@="X=ECS R+ [XX+R@_ (+XR=A+CX@' +"[S+ \+R_ 0+] +C8=C++RS R+
+L[=GG+( ]=X; X;+ ?CE]@+(8+ R+L[=R+( 0ER "EAG+X+CX "R=X="=SAJ
+C"+' ];X ]+ C++( AER+ X;C C_X;=C8 +@S+ R+ A+S[R+S E0 C +(["<
X=EC@ ";R"X+RJ E[C8 A+C ];E (+S=R+ XE +C88+ =C [C(+R8RE[C( +C8=C++R=C8
S;E[@( 8+X X;+ GREG+R 8[=(C"+ C( C EGGERX[C=X_ XE "L[=R+ @@ X;+ ?CE]@<
+(8+ R+L[=R+( 0ER "EAG+X+CX ]ER? =C X;+=R 0[X[R+ 4+@(J EAG+X+CX ]ER? =C
X;=S 4+@( R+L[=R+S AEC8 EX;+RS 0R AER+ X;ERE[8; XR=C=C8 =C GG@=+( 8+E@<
E8_' G;_S="S C( G;_S="@ ";+A=SXR_ X;C X;+ SXR["X[R@ +C8=C++R C++(SJ ;+
SX[(+CXS ];E 8+X X;=S XR=C=C8 ]E[@( R+GR+S+CX 8+C+RX=EC E0 +C8=C++RS +X<
X+R 4X 0ER S;+((=C8 @=8;X E\+R X;+ ES"[R+ 4+@( E0 +RX;]ER? +C8=C++R=C8 X;C
=S E[RSJ C -2-D-C0 A_ 0[RC=S; X;+ =(+S' [X X;+ [@? E0 X;+ ]ER? A[SX
+ (EC+ _ GREG+R@_ +(["X+( )!2!?A-42JO
EC"+RC=C8 R@ \EC +R`8;=QS "R=X="=SA E0 X;+ E@( X;+ER_ E0 +RX; GR+S<
S[R+ 8=CSX R+X=C=C8 ]@@S C( +RX;]ER? +C8=C++R=C8' =C 8+C+R@ EC+ "C
SXX+ X;X ;=S "[XX=C8 R+AR?S ]+R+ CEX >[SX=4+(J =S ;=SXER="@ R+AR?S
E[X X;+ ";=+\+A+CXS E0 X;+S+ [X;ERS SX+A XE 8R+X +^X+CX 0REA X;+
]ER? E0 ) EXX+R HF,DYIJ R@ ;( E\=E[S@_ C+=X;+R R+( X;+ ER=8=C@ ]ER?S
E0 E[@EA C( C?=C+ CER ]S ;+ 0A=@=R ]=X; X;+ 0[C(A+CX@ =C\+SX=<
8X=ECS E0 E@XAC C( E;R H0ER 0[RX;+R =C0ERAX=EC' S++ (+ E+R' ZaaaIJ
E[@EA C( EX;+R [X;ERS "ECS=(+R+( X;+ +RX;<GR+SS[R+<GRE@+A S A=C<
=A[AWA^=A[A GRE@+A S+( EC S=AG@+ 0=@[R+ "EC(=X=EC ];="; 4XS X+SX
R+S[@XS \+R_ ]+@@J E(_' X;ES+ A=C=A[AWA^=A[A GRE@+AS R+ ]+@@<?CE]C
<@/ 2& 9LF9& L; 4&9& <NI
=C @=A=X (+S=8C X;+ER=+S H]=X;=C G@SX="=X_ X;+ER_I S X;+ /-2!1A- 1!A+4'

];="; _=+@(S GGRE^=AX+@_ X;+ +RX; GR+SS[R+' [C0ERX[CX+@_ EC X;+ [CS0+
S=(+J =X; X;+ @AA- 1!A+4' EC+ 8=CS C GGRE^=AX+ +RX; GR+SS[R+ EC
X;+ S0+ S=(+J ;[S' ]=X; X;+ ?=C+AX=" C( X;+ SXX=" A+X;E(S EC+ XX=CS
X]E GGRE^=AX+ SE@[X=ECS ];="; R+SXR="X X;+ R+@ \@[+ E0 X;+ +RX;<GR+SS[R+J
@SE RE0+SSER R+_ HFDZUI' (=R+"XER E0 X;+ !?@C+@2@A0A #C? @@!?C
C2 +-$C =C +R@=C' R+AR?+( =C ;=S RX="@+& N 0 EC+ XR=+S XE(_ XE "EC<
SXR["X "ECXR(="X=EC +X]++C X;+ E@( "@SS="@ +RX;]ER? SXX="S C( X;+
C+] SE=@ G;_S="S' SE =X =S A=S[S+ E0 X;+ ]ER( +RX;]ER? A+";C="S C(
"EAG@+X+ A=S[C(+RSXC(=C8 E0 +R`8;=QS ]ER?J EX; S[GGERX +"; EX;+R C(
X;+_ R+ X;+ SA+ X X;+ EXXEAJ ;+ SE=@ G;_S="S 0ERAS X;+ 0[C(A+CX@S E0
X;+ +RX;]ER? SXX="ST C( X;+ +RX;]ER? A+";C="S SXR=\=C8 0ER (++G+C=C8
E0 X;+ E@( "ERR+"X ?CE]@+(8+' =S' ;E]+\+R' CEX =C "ECXR(="X=EC XE =XJO
E(_' X;+ GGRE^=AX+ ";R"X+R E0 E[@EAQS C( E@XACQS SE@[X=EC
E0 X;+ +RX; GR+SS[R+ =S ]+@@<?CE]C C( =S SX=@@ [S+(J
+\+RX;+@+SS' \EC +R`8;= R+"E8C=`+( X;X X;+ (+0ERAX=EC SXX+ E0 X;+
+RX; E(_ =C6[+C"+S X;+ AE[CX E0 +RX; GR+SS[R+J E]+\+R' 0ER "EAG@+X+
+^"X ER C[A+R="@ SE@[X=EC E0 X;+ E[C(R_ \@[+ GRE@+A X;+ X=A+ ]S XEE
+R@_' S=C"+ G@SX="=X_ X;+ER_ 0ER 8RC[@R AX+R=@S ;( CEX _+X ++C (+\+@EG+(
C( C[A+R="@ "@"[@X=ECS ]+R+ +^XR+A+@_ (=2"[@XJ
+S=(+S' E@XACQS "ECXR=[X=ECS XE SE=@ A+";C="S X X;+ +C( E0 X;+ F,X;
+CX[R_ ]+R+ 0R R+";=C8 C( @AESX [C?CE]C =C "=\=@ +C8=C++R=C8 "=R"@+SJ
+ CEX EC@_ =CXRE(["+( X;+ C8@+ E0 R+GES+ 0ER X;+ 4RSX X=A+' ];="; +C@+(
;=A XE "R+X+ =C(+G+C(+CX@_ C +RX; GR+SS[R+ X;+ER_ ];="; ]S A["; AER+
+@+8CX X;C E[@EAQS X;+ER_T ;+ @SE (+\+@EG+( SEA+ =AGERXCX =(+S EC
SE=@ A+";C="S C( GERE[S E(=+SJ
E@XAC HFUD7WDDI' ;RER "ECSXR["X=EC (=R+"XER HFU5U - F,YUI 0REA
A[R8' 4RSX "@SS=4+( (=1+R+CX ?=C(S E0 SE=@SJ + S+GRX+( SE=@ =CXE 0E[R
X_G+S& SC(' @=A+' "@_' C( "EAGESX<+RX;J + X;+C GE=CX+( E[X X;X 0R="X=EC
E0 @@ +RX; ?=C(S =S "EAAEC C( X;X X;=S (=1+R+CX=X+S SE=@ 0REA 6[=(SJ C@_
_ XEX@ SX[RX=EC ]=X; ]X+R "C X;+ 0R="X=EC +1+"X + @ESXJ +0+RR=C8 XE X;=S
SXX+' E@XAC "@@+( X;+ A=^X[R+S L[="?SC(' (R=0X=C8 SC(' A[(' E8' ER
AERSSJ [RX;+RAER+' ;+ ""+GX+( X;+ =C"EAGR+SS==@=X_ E0 SE=@S' ];+R+_ ;+
GE=CX+( E[X X;X X;=S =S AESX XR[+ 0ER SC(J [RX;+RAER+' E@XAC R+8R(+(
"E;+S=EC S R+S[@X E0 1-F!,-2 14-@AC?!& NR_ C( 4C+' X;+ "@_ =S ([SX_T
=0 =X =S AE=SX =X SX_S XE8+X;+RJ ECXRR=@_' "@_ ;S X;+ SG+"=@ ;_8REA+XR="
GREG+RX_ X;X =XS \E@[A+ =C"R+S+S ]=X; ((=X=EC@ AE=SX[R+ C( (+"R+S+S _
(R_=C8' C( X;X' 0X+R +"EA=C8 XEX@@_ ]+X' =X +"EA+S RX;+R SE@=( ASS
([R=C8 X;+ S[S+L[+CX '2!J E]+\+R' =X A[SX + ERC+ =C A=C( X;X' =0 X;+
(R_=C8 E""[RS L[="?@_' X;+C X;+ "ECXR"X=C8 0ER"+ "C +"EA+ @R8+R X;C X;+
"E;+S=ECJ ECS+L[+CX@_' "@_ X+C(S XE + RE?+C [G _ AC_ "R"?SJ EA+<
X=A+S '#(+ "C =C"R+S+ X;+ "E;+S=EC E0 X;+ +RX; ASS+S' C( "C SEA+X=A+S
"EAG@+X+@_ SXEG =XJO
<N' <@ F7 P;9 &FT024EG 247$2;;$# ;OL2 9$ 24G ;$ L; FL4& 9$ 2&;FS
0X+R ;+ ;( (+\+@EG+( ;=S +RX; GR+SS[R+ X;+ER_ ;+ ";+"?+( ;=S R+S[@XS
_ A+CS E0 +^"+GX=ECSJ + 4C@@_ RR=\+( X X;+ ES+R\X=EC X;X ;+ "E[@(
XR[SX ;=S X;+ER_& N "ECS+L[+CX@_ +@=+\+ X;X X;+ 0ERA[@ "CCEX + (E[X+(
S 0R S X;+ X;+ER_ 8E+SJO
E@XAC X;+C "EAA[C="X+( ;=S N+^G+R=+C"+ ]=X; +RX; GR+SS[R+JO +
(+S"R=+( =C (+X=@ X;+ X+SX=C8 GRE"+([R+ HS+X [G _ ;=AS+@0I C( X;+C =A<
GRX+( ;=S X+SX R+S[@XS 0ER \R=E[S 8RC[@R S[SXC"+SJ ;+ "R+ ]=X; ];=";
E@XAC "RR=+( E[X ;=S +^G+R=A+CXS =S =AGR+SS=\+J C GRX="[@R' ;+ @=SX+( @@
E0 X;+ =C6[+C"+S ];="; A=8;X ;\+ 0@S=4+( X;+ R+S[@XSJ + X;+R+[GEC "EA<
GR+( X;+ X+SX R+S[@XS ]=X; X;ES+ E0 ;=S X;+ER_J + S[S+L[+CX@_ S;E]+( X;X
X;+ +RX; GR+SS[R+ R+S[@XCXS' ];=";' ""ER(=C8 XE ;=S X;+ER_' @_ X EC+ X;=R(
E0 X;+ ;+=8;X E0 X;+ R+X=C=C8 ]@@' @SE GGRE";+( X;=S ;+=8;X =C X;+ X+SX
R+S[@XSJ =X; R+SG+"X XE X;+ S=`+ E0 X;+ +RX; GR+SS[R+' E@XAC S"+RX=C+(
X;X X;+ X+SX \@[+S ]+R+ A["; SA@@+R X;C X;ES+ "@"[@X+( =C ;=S X;+ER_J
+ GE=CX+( E[X X;X ;=S X+SX R+S[@XS ;( ++C 0@S=4+( _ X;+ 0R="X=EC EC X;+
]@@S E0 ;=S E^ C( X;+R+0ER+ ;( XE + "ERR+"X+(J + RR=\+( X X;+ 0E@@E]=C8
SS+SSA+CX& N;X+\+R X;+ "S+ A_ +' X X;=S X=A+ +@=+\+ AER+ =C X;+
X;+ER_ X;C =C X;+ X+SXSJO
0X+R SXREC8@_ "R=X="=`=C8 X;+ X+SX R+S[@XS E0 +@C8+' E@XAC X[RC+( ;=S
XX+CX=EC XE GRX=@@_ C( XEX@@_ ]X+R<SX[RX+( S[SXC"+SJ + GE=CX+( E[X'
=C GRX="[@R' X;X X;+ AE=SX[R+ "ECX+CX [8A+CX+( X;+ "E;+S=EC [X (=( CEX'
;E]+\+R' XXR=[X+ C_ 8R+X+R =AGERXC"+ XE X;+ "E;+S=ECJ + XX+CX=\+@_
ES+R\+( XEX@@_ ]X+R<SX[RX+( @EES+ SE=@' ER A[(' C( CEX+( X;X ;=S X;+<
ER_ ]S X;+ AESX GGREGR=X+' S=C"+ A[( +;\+S @=?+ @=L[=( ASSJ C X;=S
"ECC+"X=EC' E@XAC SGE?+ E0 A=^X[R+ C(' S[RGR=S=C8@_' =CXRE(["+( X;+
"EC"+GX E0 X;+ \E@[A+ 0R"X=ECJ + ]S GRE@_ X;+ 4RSX S"=+CX=SX XE [S+ X;=S
"EC"+GXJ
N [( R+S[@XS 0REA @@ @EES+ ?=C(S E0 +RX; =0 X;+_ R+ "EAG@+X+@_ SX[RX+(
]=X; ]X+R ER R+ =C S[RG@[S ]=X; X;X A=^+( [GJ XS ]+=8;X (+G+C(S EC X;+
AER+ ER @+SS (A=^X[R+ E0 X;+ ]X+RJ
+ ]=@@ SS[A+ X;X X;+ +AGX_ SG"+S +X]++C X;+ @EES+ +RX;' ];=";
R+ 4@@+( ]=X; ]X+R' R+ XE X;+ [@? \E@[A+ E0 X;X +RX; S & F' ];+R+
]=@@ + GREG+R RX=EJ ;+ ]+=8;X E0 X;+ @EES+ +RX; T X;+ ]X+R ' X;+
\E@[A+ E0 X;+ +RX; !T E0 X;+ ((+( ]X+R ' X;+C X;+ ]+=8;X E0 X;+ A=^X[R+
=S ! K T C( =XS \E@[A+ ! K !T X;+R+0ER+ X;+ SG+"=4" 8R\=X_ E0 X;+
! K
A[( . J 0 X;+ A[( (E+S CEX "ECX=C AER+ ]X+R X;C X;+ SG"+S
! K !
+X]++C X;+ @EES+ +RX; "C ;E@(' X;+C . ! ' C( X;+ 8R\=X_ E0 X;+ A[(
! K !H K I
. . . K =S @R8+SXJ 0' ;E]+\+R' AER+ ]X+R =S
! !
((+( X;C X;+ SG"+S +X]++C "C "ECX=C !' X;+ A[( +"EA+S @=8;X+R
=0 T R+A=CS [C";C8+( =0 . ' +"EA+S ;+\=+R =0 J ;+ @XX+R
"C EC@_ E""[R 0ER AEER ER G+X_ AE@(T ]=@@ SEEC (( X@+ ];="; "C
8=\+ AER+ @=8;X ;+R+[GECJO
<@/ 2& 9LF9& L; 4&9& <N:
\=E[S@_' E@XAC (=( CEX "ECX=C[+ ;=S =CX+R+SX=C8 SX[(=+S EC GERE[S

E(=+SJ ;+R+ =S CE ;=CX =C C_ E0 ;=S G[@="X=ECS X;X ;+ 0E@@E]+( [G EC ;=S
ER=8=C@ ]ER? EC ]X+R<SX[RX+( GERE[S SE@=(S ]=X; 0[RX;+R SX[(=+SJ
0X+R ;=S R+AR?S EC GRX=@@_ C( XEX@@_ ]X+R<SX[RX+( @EES+ SE=@' E@X<
AC SXX+( SEA+ (+S=8C GR=C"=G@+S 0ER (AS C( ]@@SJ + ]RC+( 8=CSX
R=C8=C8 "E;+S=EC =CXE X;+ 0ERA[@S' +"[S+ X;=S "E[@( + (=S"ECC+"X+( _
+"EA=C8 SE0X X;RE[8; 0RESX C( R=CJ C ((=X=EC' E@XAC 8\+ SEA+ =(+S
0ER X;+ "ECSXR["X=EC E0 R="? R+X=C=C8 ]@@S' C( ((R+SS+( X;+ =C6[+C"+ E0
((=X=EC@ @=\+ @E(S +;=C( X;+ R+X=C=C8 ]@@S C( E0 X;+ ]@@ 0R="X=EC HSE=@<
R+X=C=C8 ]@@I EC X;+ "@"[@X=ECJ E@XAC "EC"@[(+( ;=S +^"+@@+CX XR+X=S+
_ GE=CX=C8 E[X X;X' 0ER X;+ ";=+\+A+CX E0 G+R0+"X X;+ER_ E0 R+X=C=C8
]@@S' 0[RX;+R =C\+SX=8X=ECS ]E[@( + C+"+SSR_J
C ER(+R XE ]=(+C ;=S ?CE]@+(8+ =C S"=+C"+ C( (=?+ "ECSXR["X=EC' E@XAC
;( S?+( 0ER @+\+ =C FUDY XE "ECX=C[+ ;=S "(+A=" SX[(=+S C( XE X?+ C
+(["X=EC@ XR=G 0ER _+R C( ;@0J 0X+R ;+ ;( SX[(=+( 0ER EC+ S+A+SX+R
=C )EXX=C8+C ;+ S+X E[X EC SX+R FU,7 C( RE(+ X;RE[8; +RAC_' RC"+
HR=SI' C8@C( HEC(ECI C( ;+ +X;+R@C(SJ + (+S"R=+( X;+ +^X+C(+(
XR=G =C SEA+X=A+S @\=S; @C8[8+ =C ;=S 0E[R \E@[A+ ]ER? HS++ E@XAC
FUD7WDDIJ
CX=@ F,Fa' ;+ (+\+@EG+( ;=S A=C "G=@=X=+S =C =X`+) [XX+@' =C GR"X="@
S ]+@@ S S"=+CX=4" C( @=X+RR_ R+SG+"XSJ ;+ ]ER? E0 E@XACQS GR+(+"+SSER
;( ++C ""EAGC=+( _ AC_ 0=@[R+SJ =?+ "ECSXR["X=EC =C =X`+) [XX+@
;( ++C "RR=+( E[X S=C"+ FUYY ]=X; \R_=C8 S[""+SSJ @@ "ECSXR["X=ECS [=@X
[G [CX=@ FU7a ]+R+ @ESXJ ;+ G+R=E( 0REA FU7a XE FU5V S] X;+ AESX SE@=(
"ECSXR["X=ECS +=C8 +R+"X+(' "ECSXR["X=ECS ];=";' GRX 0REA R+G=RS' @SX+(
0ER EC+ ;[C(R+( _+RS C( AER+J E]+\+R' +"[S+ X;+S+ "ECSXR["X=ECS ]+R+
AESX@_ [=@X 0REA SXEC+' X;+_ ]+R+ SE "ESX@_' X;X 0ER +"ECEA=" R+SECS X;+_
"E[@( CEX + "ECX=C[+(J ;+R+0ER+' 0S"=C+ "ECSXR["X=ECS XEE? E\+RJ E]+\+R'
X;=S "ECSXR["X=EC A+X;E( ]S 0E[C( XE + +\+C AER+ +^G+CS=\+J ;=S ]S
R+S[@X E0 X;+ 0"X X;X X;+ 0ERX=4"X=ECS' ];="; ]+R+ A(+ [G E0 [S;+S
C( SX?+S' RE?+ "ECSXCX@_J ;[S' 0S"=C+ "ECSXR["X=EC ]S C(EC+( =C
0\ER E0 SXEC+ "ECSXR["X=EC' @X;E[8; X;+ GRE"+([R+ [S+( ;( CEX _+X ++C
G+R0+"X+(J
;+ 0=@[R+S E0 X;+ GR+\=E[S X;=RX_ _+RS C( X;+ "ECSXCX ";C8+ =C X;+
"ECSXR["X=EC S_SX+AS [S+( 0ER X;+ [=@(=C8 E0 +AC?A+CXS "A+ XE C +C(
];+C E@XAC XEE? E\+R X;+ (=R+"X=EC E0 X;+ (=?+ "EC"+RCSJ + @=( S[R+
0E[C(X=EC 0ER GREX+"X=C8 X;+ ]ER?S E0 =X`+) [XX+@' ];=";' @X;E[8; X;+_ ;(
++C 0[@@_ +^X+C(+( C( [=@X E[X' ;( ++C EC@_ A=C=A@@_ A=CX=C+( 0ER
@EC8 G+R=E( E0 X=A+J E@XAC ]S @+ XE ";=+\+ X;+S+ +^"+@@+CX R+S[@XS E]=C8
XE X;+ =CXRE(["X=EC E0' C( SXR="X (;+R+C"+ XE' 0+] GR=C"=G@+S R+"E8C=`+(
S +SS+CX=@' ];="; =A+( X X;+ 8R+X+SX GESS=@+ S=AG@="=X_ C( SXR+C8X; E0
X;+ "ECSXR["X=ECSJ + 0E[C(+( (=?+ [=@(=C8 EC 0+] =RR+\E"@+ GR=C"=G@+SJ
E@XACQS 8R+X X@+CX 0ER SXR"X=EC ]S ;+R+ A(+ AESX +\=(+CXT ;+ ;(
@R+(_ GRE\+C X;=S +0ER+ HS++ ;=S +RX; GR+SS[R+ X;+ER_IJ
<MU <@ F7 P;9 &FT024EG 247$2;;$# ;OL2 9$ 24G ;$ L; FL4& 9$ 2&;FS
C+ R+"E8C=`+S 0REA X;+ SX[(_ E0 E@XACQS "R++R C( ;=S ";=+\+A+CXS
X;X X;+R+ ]+R+ @R+(_ [S+0[@ =(+S EC SE=@ A+";C="S C( 0E[C(X=EC ]ER?
@EC8 +0ER+ \EC +R`8;= +CX+R+( X;+ S"+C+J ;=S =S CEX S[RGR=S=C8' =0 EC+
R+@=`+S X;X' 0ER +ÂG@+' +C="+ C( =CX +X+RS[R8 R+ EX; 0E[C(+( EC
+^XR+A+@_ ( 8RE[C( C( _+X X;+_ SX=@@ +^=SXJ ;=S "E[@( EC@_ ;\+ ++C
G+R0ERA+( _ L[@=4+( +C8=C++RS ]=X; @EX E0 GR"X="@ C( ES+R\X=EC@
?CE]@+(8+J
ER+E\+R' X;+R+ ]+R+ EX;+R =AGERXCX "ECXR=[X=ECS XE SE=@ A+";C="S C(
SEA+ R+@X+( 4+@(S =C X;+ FDX; +CX[R_' S +J8J J E;RQS HF,UFWUZI (+\+@<
EGA+CX E0 0=@[R+ "EC(=X=EC 0ER R=XX@+ C( 8RC[@R AX+R=@S' +_CE@(SQ
HF,,5I =C\+SX=8X=EC E0 X;+ (=@XX=EC GRE@+A HX;+ G;+CEA+CEC E0 R=S=C8 E0
(+CS+ SC( @_+RS [C(+R S;+R=C8 SXR+SSI C(' =C GRX="[@R' X+0CQS HF,UFI
"R+X=EC E0 X;+ A+";C="@ A=^X[R+ X;+ER_J X S++AS X;X R@ \EC +R`<
8;= A=SS+( X;+S+ 0[C(A+CX@ ]ER?S "EAG@+X+@_' @X;E[8; ;+ @X+R +"A+
"L[=CX+( ]=X; X;+S+ GRE@+ASJ
R@ \EC +R`8;=QS "ECXR=[X=ECS XE X;+ +RX;<GR+SS[R+<X;+ER_ =C FDFD
C( @X+R "ECX=C+( @=XX@+ A+";C="S [X =CSX+( @EX E0 8+EA+XR=" "ECS=(<
+RX=ECS - C( ]+R+ \+R_ ]ER(_J @SE ;=S =C\+SX=8X=ECS E0 X;+ "ECSX=X[X=\+
+;\=ER E0 [CSX[RX+( SC(' @SE C+]' R+A=C+( [CSX=S0"XER_J =S R+AR?
X;X SC( +;\+( CEC<@=C+R@_ +@SX="@@_ (E+S CEX ;E@(J ;+ A=C (+0ERA<
X=ECS R+ G@SX="' ];="; A+CS X;X 0X+R [C@E(=C8 SAG@+ (+0ERAX=ECS
R+A=C ];+R+S =C X;+ "S+ E0 +@SX=" +;\=ER X;+ (+0ERAX=ECS \C=S; 0X+R
[C@E(=C8J C_ R+S+R";+RS R+ +\+C E0 X;+ EG=C=EC X;X 0ER SC( X;+ +@SX="
RC8+ =S SE SA@@ X;X =X "C + C+8@+"X+(J X =S A`=C8 X;X \EC +R`8;= @+0X
X;+ G@SX=" RC8+ E[X E0 ;=S =C\+SX=8X=ECS' @X;E[8; ;+ A+CX=EC+( +C([R=C8
(+0ERAX=ECS' X;+ AER+ SE S=C"+ A=C SG+"XS E0 G@SX="=X_ X;+ER_ ;( @R+(_
++C (+\+@EG+( _ +\_' (+ =CX +CCX =C X;+ S+"EC( ;@0 E0 X;+ FDX; +C<
X[R_ C(' =C GRX="[@R' _ \EC =S+S =C FDFY HS++ (+ E+R' ZaaaI ]=X; ];EA
R@ \EC +R`8;= ;( ++C ]+@@ "L[=CX+( S=C"+ FDF5 X SG+RC H=R4+@(IJ
R@ \EC +R`8;=QS =C\+SX=8X=ECS EC (+0ERA@+ SX[RX+( 8RC[@R A+<
(= ]+R+ =C SEA+ R+SG+"XS G=EC++R=C8 ]ER? S ]+ ;\+ "?CE]@+(8+(J E]+\+R'
;=S (+S"R=GX=ECS E0 X;+ SXR+SS C( (+0ERAX=EC SXX+S E0 SX[RX+( GERE[S SE@=(S
]+R+ CEX 0E[C(+( EC S"=+CX=4" S=SJ ;+ GRX=@ (=1+R+CX=@ +L[X=EC ];=";
;+ (+\+@EG+( @E"@@_ (+S"R=+S X;+ "E[RS+ E0 X;+ +^"+SS E0 ;_(RESXX=" GR+SS[R+
=C X;+ GER+<]X+R =C SG"+ C( X=A+J ER+E\+R' =X =S EC@_ \@=( =C "ECS=(+R<
X=EC E0 \+R_ SXREC8 SS[AGX=ECS S ;S ++C S;E]C _ +=CR="; HFDY,IJ ;[S'
=X X[RCS E[X 0REA X;+ E\+ A+CX=EC+( 4+@(S X;X R@ \EC +R`8;= R+A=C+(
=C X;+ \+R_ 4RSX SX8+ E0 ;=S +1ERXS XE (+\+@EG S"=+CX=4"@@_ 0E[C(+( SE=@ A+<
";C="S' CA+@_ =C X;+ SX8+ E0 +^G+R=+C"+' ES+R\X=EC C( X;+ R+"E8C=X=EC
E0 GRE@+AS ER G;+CEA+C ];="; ;+ EC@_ GRE\+( X;RE[8; +^G+R=A+CXSJ =X;<
E[X C_ (E[X ;=S 8R+X +^G+R=+C"+S =C "=\=@ +C8=C++R=C8' 8=C+( EC [=@(=C8
S=X+S =C [REG+ C( X;+ C=X+( XX+S' ;=S 8=0X 0ER ES+R\=C8 C( @_=C8 (E]C
;=S ES+R\X=ECS =C ]R=XX+C 0ERA C( ;=S ?++C S+CS+ 0ER R+"E8C=`=C8 ;=((+C
G;_S="@ +1+"XS RE[8;X ;=A (++G =CS=8;X =CXE X;+ A+";C="@ +;\=ER E0
<@/ 2& 9LF9& L; 4&9& <M<
[CSX[RX+( C( SX[RX+( SC( C( "@_J E]+\+R' =X +"EA+S \+R_ "@+R
0REA X;+ 0ER+A+CX=EC+( =(+S E0 S"=+CX=4" X;+ER_ X;X A+R+ GREE0 _ +^G+<
R=+C"+ =S CEX S[2"=+CX 0ER @EC8 @SX=C8 X;+ER_J X;+R EC+ ;S XE S"R[X=C=`+
;_GEX;+S=S ER X;+ER_ =C \=+] E0 =XS E>+"X=\+ XR[X;J ;X A+CS X;X X;+
;_GEX;+S=S ER X;+ER_ A[SX 0[@4@@ GR=C"=G@+S ];="; R+ R+"E8C=`+( S XR[+ S[";
S X;+ ^=EAS =C A+";C="SJ R@ \EC +R`8;=QS XR+XA+CX E0 X;+ SX[RX+(
GERE[S E(_ \=E@X+S X;+ E\+ SXX+A+CX =C 68RCX ACC+RJ @X;E[8; ;+
;( R+"E8C=`+( X;X ]X+R<SX[RX+( "@_ ]S A=^X[R+ HS++ \EC +R`8;='
FDZ5I ;+ (=( CEX [S+ X;+ 0[C(A+CX@ R+S[@XS E0 X;=S X;+ER_ (+\+@EG+( _
X+0C HF,UFI CER (=( ;+ "ECS=(+R EX;+R +@+A+CXR_ A+";C="@ R+S[@XS' ];=";
;( ++C R+"E8C=`+( S XR[+' =C ER(+R XE +@=A=CX+ 0@S+ X;+ER=+S ER ;_GEX;+S+S
@=?+ ;=S X;+ER+X="@ SX[(_ E0 "ECSE@=(X=ECJ
X J JJ @+"X[R=C8 SXRX+( =C A=(<+GX+A+RJ ;[S' X;+R+ ]S @EX E0
X=A+ 0ER XR\+@@=C8 C( R+@^=C8J X X;+ +C( E0
[@_' FDZ5' R@ \EC +R`8;=
SXRX+( 0REA ECSXCX=CEG@+ 0ER C+] 0RECX=+RSJ + RE(+ ]=X; C "L[=CXC"+
XE X;+ R=@]_ SXX=ECJ EA+ EX;+R "L[=CXC"+S S=( 0R+<]+@@ XE R@J X ]S
+[X=0[@ AERC=C8J ;+ +"; =C @ER= @EE?+( @=?+ EC+ E0 [RC+RQS (R+AS
E0 "E@ERJ C X;+ A=(SX E0 X;+ @C(S"G+ S1REC _+@@E]' @=8;X+C+( SGEX& X;X
]S @=( HC "L[=CXC"+' X;+ [X;ERI S[RRE[C(+( _ G+EG@+ ]\=C8 HEX;+R
"L[=CXC"+S' X;+ [X;ERIJ = [(G+SX ;+ XR\+@@+( XE =+CC ];+R+ ;+
SG+CX C +\+C=C8 ]=X; E0RX ER";;+=A+RJ REA =+CC ;+ R[S;+( EC XE
R`' S++=C8 @8 C( +RJ @8 ]S NE0 ";=@@_ R+S+R\+ S @]_SJO
C R@SR[;+' ;+ \=S=X+( X;+ +";C=S";+ E";S";[@+ C( RE0+SSER +;E"?
C( ;=S @SJ + ES+R\+( S+\+R@ +^G+R=A+CXSJ
C
[@_ Ya ;+ @+0X =+CC 0ER R=S C( EC [8[SX F ;+ RR=\+( X;+R+
X X;+ R+ (+ @QSX' +R@_ =C X;+ AERC=C8J C X;+ [+ (+ XRSE[R8 ;+
0E[C( SA@@' AE(+SX ;EX+@' X;E[8; ]=X; ?=C( ;ESX+SSJ R@ +C>E_+( X;+
X_G="@ R=S=C XAESG;+R+J ER+E\+R' ;+ ]S =AGR+SS+( _ X;+ =0+@ E]+RJ
N;+ "ECSXR["X=EC ]S =AGES=C8 0ER =XS (R=C8 C( 8R"+JO C X;+ +\+C=C8
;+ ]+CX XE E[@=C E[8+' EC X;+ E[@+\R( (+ @=";_J NR=S X C=8;XJ C
X;+ RE( E[@+\R(S E[C(+( _ RE]S E0 XR++S 6EE( E0 @=8;X C( G[@SX=C8
@=0+ JJJ - E[@=C E[8+J +[X=0[@ X;+X+R' @AESX S @R8+ S X;+ =+CC
G+RJ C+ SAE?+S' ;E]+\+R EC+ (E+S CEX (R=C?J E [1+XJ C X;+ SX8+
E[XSXC(=C8 4R+]ER?S E0 @=8;X' "E@E[RS' R=8;X "ESX[A+S ER E0 C+R@_ [C(R+SS+(
0+A@+ E(=+SJO
0X+R X;+ S;E] "R+0[@@_ (R+SS+( AC' E\=E[S@_ SXRC8+R' S?+( R@
0ER X;+ ((R+SS E0 "+RX=C C=8;XSGEXJ R@ S[88+SX+( X;X X;+_ @EE? 0ER X;=S
G@"+ XE8+X;+R C( X;+_ +C(+( [G =C C +@+8CX GRXA+CX ]=X; AR@+ SX=RS
C( G=CX=C8S EC X;+ ]@@SJ N 0E@(=C8<(EER EG+C+( C( =C 0RECX E0 [S SXEE(
(E`+C _E[C8 8=R@SJ + XEE? E[R S+X EC X;+ SE0' A[S=" +8C XE G@_ C( X;+
8=R@S +8C XE (C"+ =C ER(+R XE +CX+RX=C [SJ 8@SS E0 ";AG8C+' ]+ ";ES+
0E[R E[X E0 X;+ 8RE[G C( ]C(+R+( ]=X; X;+ 0E[R<@+0 "@E\+R X;RE[8; SEA+
;@@]_S XE ;@@ E0 A=RRERS ]=X; S+"EC( RE( SE0J ;+R+' X;+ 8=R@S S;E]+(
[S ]=X; 8R"+ X;+ X;=RX_ 64@-A-42@ ! 0>14C?J X ]S C A[S=C8 G="X[R+ S X;+
<MN <@ F7 P;9 &FT024EG 247$2;;$# ;OL2 9$ 24G ;$ L; FL4& 9$ 2&;FS
0E[R S[GG@+' RES_ E(=+S =CX+RX]=C+( ]=X; +"; EX;+R X]=SX=C8S S+X =CXE +"SXS_
X;RE[8; @@ X;=C?@+ "ECX"XS C( "ECXERX=ECSJ X[R@@_ X;+ S;E] +C(+( =C
X;+ X+SX+R<+( =C X;+ SG"=E[S +(REEAS E0 X;+ SA@@ 8EE( 0=R=+S' +L[=GG+(
]=X; +\+R_X;=C8 =A8=C@+J ;+ SG+"X"@+ "ESX E[X 0ERX_ (E@@RS'O 0=R
S[A =0 EC+ "ECS=(+RS X;X X X;X X=A+ (=CC+R "ESX EC@_ E[X EC+ (E@@RJ
;+ \=S=X XE +RS=@@+S ]S [C0ER8+XX@+ C( X;+ GR? A(+ C E\+R<
];+@A=C8 =AGR+SS=EC EC R@J NREA X;+ X+RR"+ X;+ AESX ]EC(+R0[@ S=@;E[<
+XX+SJ E X;+ R=8;X C( X;+ @+0X E0 X;+ RE( A=((@+ 4+@(' C8@=S; GR?' X;+
SXX[+S @=8;X@_ S+X =CXE X;+ 8R++CJ C X;+ R=8;X ]=C8 R=C8<]@@ ]=X; 8X+S' =C
E"E"E SX_@+J \=E[S@_' X;+ ;+RX E0 X;+ ! !!? ?/J C X;+ @+0X ]=C8' S
;=8;@=8;X' 8REXXE E0 GE@@EJ C X;+ A=((@+ E0 X;+ \+R_ E@( GR? RE"? ]@@
GG+RS ];="; =S R+6+"X+( =C X;+ (R? 8R++C ]X+R E0 "@A GEE@' E\+R8RE]C
]=X; R++( C( ]X+R @=@=+SJ @0]_ [G X;+ ]@@ 8REXXE EG+CS =XS+@0' 8=CSX
X;+ (R? "?8RE[C( X;+ R=8;X 48[R+ E0 GE@@E C( E0 X;+ C_AG;S SXC(
E[XJ ]S @]_S 0ER"+( XE SXEG C( XE (A=R+ X;+ S=@;E[+XX+SJ C 0RECX E0
X;+ X+RR"+ E0 X;+ "SX@+' +(S SGR+( =C R=8;X \=E@+X S_AG;EC=+S E0 "E@ER E0
[C+@=+\@+ +[X_JO
@E]@_ X;+ X=A+ GGRE";+( XE @+\+ R=S 0ER +] ER?J R@ \EC +R`8;=
GR+GR+( "R+0[@@_ 0ER X;+ @EC8 XR=G C( EC R=(_' [8[SX U' FDZ5' =C X;+
0X+RCEEC ;+ ;+(+( 0ER E[@E8C+ EC X;+ X@CX=" "ESX ]=X; @[^[R=E[S
XR=CJ + SX_+( =C E[@E8C+ 0ER EC+ C=8;XJ C X;+ +\+C=C8' EC X;+ C+^X (_'
X U&aa GJAJ ;+ ]S EC ER( E0 SX+A+R E0 X;+ ;=X+ XR =C+ E[C(
0ER +] ER?J [R=C8 X;+ C+^X (_S ;+ +C>E_+( @=0+ EC ER( S [S[@ ]=X;
"EAA[C="X=ECS C( +CX+RX=CA+CXSJ
C +] ER? E@( A+AER=+S R+X[RC+(& X;+ \=+] E0 X;+ 8=CX [=@(=C8S' X;+
@E[( CE=S+ E0 X;+ XR=CS C( X;+ XAESG;+R+ E0 "EC"+CXRX+( [S=C+SSJ [R=C8
X;+ C+^X (_S ;+ \=S=X+( S+\+R@ "L[=CXC"+S C( ;+ A+X +ER8+ S]+@@

C( `R[S ;=X+
' CEX+( +C8=C++RSJ
X X;+ +C( E0 [8[SX' R@ XR\+@@+( \= ;=@(+@G;= XE S;=C8XEC JJ
=C ER(+R XE A++X SEA+ [X;ER=X=+S E0 X;+ +GRXA+CX E0 8R="[@X[R+' X;+
[R+[ E0 [@=" E(S C( SEA+ EX;+R E2"+S - C( JJ +]+@@' ];EA ;+
?C+] 0REA ;=S 4RSX SX_ =C X;+ J + @+RC+( 0REA X;+ [X;ER=X=+S E0 X;+
[R+[ E0 [@=" E(S E0 X;+ +1ERXS XE G[X RE( "ECSXR["X=EC' ];="; ]S
EEA=C8 S R+S[@X E0 RG=( =C"R+S+ =C "R XR2"' EC S"=+CX=4" S=S \=
SE=@<G;_S="@ =C\+SX=8X=ECSJ ;+ "ECSXR["X=\+ "R=X="=SA E0 X;+S+ =C\+SX=8X=ECS
];="; ;+ +^GR+SS+(' @R+(_ @+( 0X+R ;@0 _+R XE 0R[=X0[@ "EEG+RX=EC
];="; ]S XE @SX 0ER AC_ _+RSJ
=C@@_' R@ \EC +R`8;= RR=\+( =C ESXEC' ;=S 4C@ (+SX=CX=EC' X X;+
+8=CC=C8 E0 +GX+A+R' FDZ5J + @EE?+( 0ER C GRXA+CX C( R+"E8C=`+(
X;X REEAS =C AR=(8+ ]+R+ A["; GR+XX=+R C( A["; ";+G+R X;C X;ES+
=C ESXECJ + A+X RJ GE1ER( C( ;( S;ERX "EC\+RSX=EC ]=X; ;=AJ E
;=S S[RGR=S+' GE1ER( XE@( ;=A X;X ;+ +^G+"X+( \EC +R`8;= XE @+"X[R+ >[SX

&;F0& GQ&77# 9;L&$ GLFOLOF7 &9049&&F@

TFOG 24L&# );O9$L4;9 &9049&&F 9$ F&9;Q9&$ O9$&F=499490 ;9GLFOL;F@
<@/ 2& 9LF9& L; 4&9& <MM
EC+ ;E[R ]++?J [R=C8 X;+ C+^X (_S C( ]++?S R@ \EC +R`8;= +"A+
"L[=CX+( ]=X; ;=S C+] "E@@+8[+S C( EC ;[RS(_' +GX+A+R ZD' ;+ 8\+
;=S 4RSX @+"X[R+ EC 0E[C(X=EC +C8=C++R=C8 XE X;+ SX[(+CXSJ C X;+ 0E@@E]=C8
]++? ;+ RRC8+( ;=S REEA' NRE[8;X SEA+ 8@SS]R+ C( S;+@\+S =CXE =X'
@EE?S C="+ [X CE ";C"+ 0ER ]ER?J E X=A+ - +L[=GA+CX A[SX + ER(+R+( X
EC"+JO
C "XE+R H[+S(_' ZZI R@ @+"X[R+( X X;+ ZaX; +CX[R_ @[ =C
ESXECJ N ESX@_ E@( @(=+S C( E@( 8+CX@+A+CJO =S X@? N+R SX +"<
E@@+"X=ECSO ]S GE@=X+@_ R+"+=\+(J + R+GERX+( E0 X;+ +[X=+S E0 ECSXCX=CE<
G@+ C( X;+ GE@=X="@ (+\+@EGA+CXS =C X;=S +^"=X=C8 XE]C C( =C [R?+_' =C
GRX="[@R' ([R=C8 X;+ GESX]R X=A+J
X ]S X;+ "ECS[@X=C8 +C8=C++R
E;C J R++ACC ];E G\+( X;+ ]_ 0ER
R@ \EC +R`8;= =C X;+ C=X+( XX+S C(' =C GRX="[@R' X J JJ +X]++C
FDZ5 C( FDZDJ + GREAEX+( ;=A =C +\+R_ R+SG+"XJ R++AC E[8;X SEA+
"EG=+S E0 ?C1!+2-/ C( 8\+ X;+A XE R+CE]C+( +^G+RXS C( ]REX+ @+X<
X+RS XE S+\+R@ +C8=C++RS C( S"=+CX=SXS =C ER(+R XE A?+ \EC +R`8;= ?CE]C
=C +C8=C++R=C8 C( S"=+CX=4" "=R"@+SJ EA+ E0 X;+ +C8=C++RS C( S"=+CX=SXS ;(
@R+(_ R+( \EC +R`8;=QS HFDZ5 I GG+RS =C X;+ C8=C++R=C8 +]S +<
GERX C( SEA+ ;( GR=S+( X;+S+ RX="@+S XE X;+ S?=+SJ E]+\+R' S @R+(_
A+CX=EC+( X;+R+ ]+R+ @SE SEA+ +C8=C++RS ];E ;( +^GR+SS+( X;+=R E>+"X=ECS
"EC"+RC=C8 \EC +R`8;=QS ?CE]@+(8+ C( SEA+ SXX+A+CXS =C X;+ RX="@+S' @=?+
;((+[S +RR=AC' 0REA X;+ ER( E0 X+R [GG@_' +] ER? =X_' C(
SEC E0 RE0+SSER +RR=AC E0 +;=8; C=\+RS=X_J C @+XX+R E0 E\+A+R FZ'
FDZ5' ;+ R+SGEC(+( XE CEX+ E0 R++AC ]=X; ;R( "R=X="=SAJ N ;\+ (+0+RR+(
GSS=C8 >[(8+A+CX =C X;=S "S+ +"[S+ E0 X;+ SEA+];X [C0\ER@+ =AGR+S<
S=EC ];="; R+"+=\+( X X;+ R+8[@R A++X=C8 E0 X;+ E"=+X_ EC +GX+A+R Z'
];+C X;+R+ ]S GR+S+CX+( GG+R EC +! !-2#4?! 42?!A! ?+ -2 !E!?
42@A?CA-42J X X;=S A++X=C8 X;+ 8+CX@+AC =C L[+SX=EC GR+S+CX+( (=S"[S<
S=EC S+\+R+@_ "R=X="=`=C8 X;+S+ XJ E[=S "ECSXR["X=ECS' [X =X ]S GGR+CX
XE A+ X;X ;+ ]S GESS+SS+( E0 CE GR"X="@ ?CE]@+(8+ ];X+\+R R+8R(=C8
S["; AXX+RS C( X;X X;+ S[88+SX=ECS 0ER =AGRE\+A+CX E0 X;+ (+S=8C ];=";
;+ A(+ ]+R+ +CX=R+@_ =AGR"X="@JO
ER+E\+R' J +RR=AC SXX+(' "EC"+RC=C8 \EC +R`8;=QS 4RSX RX="@+ =C
X;+ C8=C++R=C8 +]S<+"ER(& N X ;S ++C AC_ (_ S=C"+ ;\+ R+(
C RX="@+ SE "R+0[@@_ S ;\+ X;=S EC+ C( _+X ;\+ @+RC+( SE @=XX@+ 0REA
=XJO C( J R[S ]REX+ =C @+XX+R XE
JJ R++AC EC +"+A+R F' FDZ5&
N (E CEX A?+ C_X;=C8 E[X E0 X;+ GG+R =C L[+SX=ECO HA+CX \EC +R`8;='
FDZ5' X;+ [X;ERIJ
[RX;+RAER+' =C @+XX+R XE X;+ C8=C++R=C8 +]S<+"ER(' RE0+SSER R=0<
4X; E0 E] XX+ E@@+8+ A(+ X;+ XX+AGX NXE (\+RX=S+ X;+=R ]ER?' XE
A=C=A=`+ A=C+ C( XE +^"+@ =C "=XX=ECS E0 AC_ [X;ERS JJJ REX+ S;ERX C(
SR"SX=" R+G@_J ;X AC ;S CEX +\+C R+( X;+ X+^XJO
X ]S R(_ RESS' RE0+SSER E0 XR["X[R@ C8=C++R=C8 X X;+ C=\+R<
S=X_ E0 @@=CE=S' RC' ];E RE[8;X =C AER+ GES=X=\+ XEC+ =C X;+ "R=X="=SA
<M/ <@ F7 P;9 &FT024EG 247$2;;$# ;OL2 9$ 24G ;$ L; FL4& 9$ 2&;FS
];+C ;+ R+AR?+( =C @+XX+R XE

J J R++AC E0 +"+A+R ZU' FDZ5& N _
4RSX =AGR+SS=EC E0 RJ +R`8;=QS ]ER? =C X;+ +]S<+"ER( =S X;X ;+ =S 8E<
=C8 X \+R_ (=2"[@X GRE@+A =C \+R_ S"=+CX=4" ]_ JJJ S;@@' ;E]+\+R'
8E =CXE ;=S ]ER? AER+ "R+0[@@_ S SEEC S ;\+ @=XX@+ X=A+ ([R=C8 X;+
;R=SXAS ;E@=(_SOT C( =C @+XX+R E0
C[R_ ZU' FDZ5& N _ 8+C+R@ =A<
GR+SS=EC =S X;X +R`8;= =S (E=C8 \@[@+ ]ER?JO R++AC S++AS @SE XE ;\+
"X+( S 8E<+X]++C 0ER R+S=(+CX RJ XRXXEC C( R@ \EC +R`8;=' =C
GRX="[@R' "ECS=(+R=C8 ;=S S@R_' ;=S @ERXER_ C( ;=S R+G[XX=ECJ C FDZD
R@ \EC +R`8;= "?CE]@+(8+( RJ R++ACQS +1ERXS =C ;=S 0R+]+@@ @+XX+R
XE X;+ R+CE]C+( +C8=C++R& N +8 _E[ XE R+A=C SS[R+( X;X _E[R [C0=@<
=C8 "ECSXR["X=\+ S_AGX;_ C( _E[R =CX+R+SX =C A_ +C(+\ERS RC? AEC8
X;+ AESX =CSG=R=C8 =AGR+SS=ECS ];="; R+"+=\+( ([R=C8 A_ GR+S+C"+ =C X;+
C=X+( XX+S' C( ;EG+ ]=@@ SEA+ (_ ;\+ C EGGERX[C=X_ XE ]+@"EA+
_E[ =C A_ =+CC @ERXER_JO
ESX E0 X;+ X=A+ =C E\+A+R' R@ \EC +R`8;= (+(="X+( XE X;+ GR+G<
RX=EC E0 ;=S @+"X[R+S EC SE=@ A+";C="S C( 0E[C(X=EC +C8=C++R=C8 S ]+@@ S
XE GREE0R+(=C8 GG+R C( =C\+SX=8X=C8 "G=@@R=X_ GRE@+ASJ C "ECC+"X=EC
]=X; X;+ SX[(_ E0 X;+ "G=@@R=X_ G;+CEA+CEC ;+ SG+CX A["; X=A+ R+(=C8
EE? _ R+[C(@=";& N=G =CXE "G=@@R=X_<";+A=SXR_J CX+R+SX=C8 C( +^"=X<
=C8JO
X ]S X X;=S X=A+ X;X ;+ 8EX =C XE["; ]=X; X;+ AX;+AX="=C J R<
X+C@(' ];E ;( >[SX 4C=S;+( ;=S SX[(=+S X R\R(J RX+C@( ;( R+(
\EC +R`8;=QS HFDZ5I EE? ?C1!+2-/' C( ]S CEX "EC\=C"+( _ X;+
C@E8_ E0 ;+X GREG8X=EC X;RE[8; C =SEXREG=" E(_ ]=X; X;+ "ECSE@=(<
X=EC GRE@+AJ + SXRX+( X;+ (+\+@EGA+CX E0 ;=S E]C X;+ER_ =C FDZ5' C(
GR+S+CX+( =X XE X;+ ER( E0 Â=C+RS S X;+S=S 0ER E"XERX+ =C "=+C"+
(+8R++ =C _' FDZVJ C FDYa' ;+ G[@=S;+( ;=S X;+S=SJ C ;=S X;+S=S' RX+C@(
HFDYaI 0ERA[@X+(' 0ER X;+ 4RSX X=A+' "ECSE@=(X=EC X;+ER_ 0ER X;+ X;R++<
(=A+CS=EC@ SXR+SS C( (+0ERAX=EC SXX+SJ E]+\+R' ;+ (=( CEX "EAA+C"+
0REA X;+ 0[C(A+CX@S E0 A+";C="S [X RX;+R A+R+@_ +^X+C(+( \EC +R`<
8;=QS (=1+R+CX=@ +L[X=ECJ
J RX+C@( +"A+ =C\E@\+( =C C A[S=C8 1=R +X]++C R@ \EC
+R`8;= C( X;+ (+C' S RX+C@( R+GERX+( =C C =CX+R\=+] (+"(+S @X+RJ
EC +R`8;= ;( SXRX+( ;=S @+"X[R+S EC SE=@ A+";C="S' ]=X; S[>+"X AXX+R
]+@@ +_EC( C +C8=C++RQS @+\+@' ];="; GRE\+( XE + XEE X^=C8 0ER ;=S SX[(+CXSJ
[RX;+RAER+' ;+ X@?+( XEE 0SXJ ;+ (+C R+L[+SX+( RX+C@( XE ES+R\+
\EC +R`8;QS "E[RS+ C( R+GERX "? XE ;=AJ C+ (_ X;+ (+C \=S=X+( X;+
"E[RS+ C( S?+( \EC +R`8;= XE SXRX X;+ "E[RS+ 8=C' E]=C8 XE X;+ 0"X X;X
CE EC+ ]S @+ XE [C(+RSXC( X;+ S[>+"X' C( @SE S?+( ;=A XE X+"; AER+
S@E]@_' +^G@=C=C8 =C AER+ (+X=@SJ EC +R`8;= +"A+ 0[R=E[S C( S=( X;X
X;+R+ A[SX ;\+ ++C NSG_O =C "@SSJ =C@@_' ;E]+\+R' \EC +R`8;= 8R++(
XE SXRX X;+ "E[RS+ 8=C C( ;+ @+RC+( ;=S @+SSEC ]+@@J X+R ;+ X@?+( S@E]@_'
A(+ G[S+S 0X+R A=C GRXS =C ;=S @+"X[R+S' +^G@=C+( X;+ (+X=@S' SGE?+ =C
C8@=S; EC@_ ]=X; SA@@ ""+CX' C( ;+ [S+( R;+XER="@ XR="?S XE G+RS[(+
<@/ 2& 9LF9& L; 4&9& <M-
;=S [(=+C"+' @=?+ =CX+RR[GX=C8 C( "EC0[S=C8 ;=S EGGEC+CX' E\+RS[X=@=`=C8

R8[A+CXS' AS?=C8 [CG@+SCX 0"XS ]=X; =CS=8C=4"CX "EC"+GXS S ]+@@ S
]+?+C=C8 GREE0S XE X;+ "ECXRR_ _ ;=RSG@=XX=C8J
C +"+A+R' FDZ5' R@ SXRX+( X;+ (+S=8C E0 X+SX=C8 A";=C+S' +\+C
]ER?=C8 EC ;R=SXASJ
C +] +RQS \+ ;+ R+"+=\+( @+XX+R 0REA RE0+SSER CS +=9C+R'
];E =C\=X+( ;=A XE ]R=X+ C RX="@+ 0ER =C?+@ACCQS ;C(EE?J ER+E\+R'
;=S +1ERXS XE S+X [G @ ]+R+ A?=C8 GRE8R+SSJ N;[S X;+ _+R FDZ5 +C(S ]=X;
RX;+R ";++R0[@ GRESG+"XS 0ER X;+ 0[X[R+J [R=C8 X;=S _+R GSS+( GR"X="@@_
X;RE[8; @@ X;+ SXX+S =CX+RA+(=X+ +X]++C ;EG+@+SS (=S"E[R8+A+CX C( X;+
CX="=GX=EC E0 S++=C8 @@ X;+ (R+AS E0 A_ +R@=+R (_S R+@=`+(J ;X ;\+
G@+(8+(' EC X;X S[AA+R AERC=C8 =C +R@=C' F5 _+RS 8E' ]=@@ A?+ XR[+
=C AR=(8+J
;+ ];=SX@+S @E] - CCE[C"=C8 A=(C=8;XJ @E] \+R_ A["; AER+ G+RS=S<
X+CX' "EC\=C"=C8 C( ";++R0[@ X;+_ (E =X' X;C @SX _+R' X X;+ 0RECX=+R +X]++C
S= C( [REG+/ CSX+( E0 R+C"; ;AG=8C - ;=S?_ ]=X; E( C( =C<
SX+( E0 A_ +RS=C R[8S ";+G A+R="C SX[1' [X X;+ =EC++R<]ER? =S (EC+'
C( X;+ ;R\+SX "C SXRX/ _ +1ERXS ;\+ CEX ++C ]SX+(JOHS="IJ
X X;+ +8=CC=C8 E0
C[R_' FDZV' ;+ ;( @[C"; ]=X; RE0+SSER ^ ERC
E0 )EXX=C8+C H+RAC_I C( RE0+SSER @@RXS 0REA X;+ G;_S="S (+GRXA+CX
X J JJ ^ ERC ]S ]+@@<?CE]C G;_S="S GRE0+SSER C( ";=R;E@(+R =C
) EXX=C8+C' @X+R E+@ @[R+X+' C( @SE A+CXER E0 S["; 0AE[S SX[(+CXS S
+=S+C+R8'
ER(C' +@@+R C( GG+C;+=A+RJ X 4RSX ERC A(+ NSEA+<
];X S;_ =AGR+SS=ECO EC R@' [X 8R+] RG=(@_ =C SXX[R+J N+R_ "@+C "[X'
";R"X+R=SX=" GRE4@+' @[+ +_+S' X[RC+( 8R+_' "R+0[@@_ (R+SS+(' +^GR+SS+S ;=A<
S+@0 ""[RX+@_ C( "R+0[@@_ S G+EG@+ 0REA ) EXX=C8+C S++A XE (EJ C\=X+(
_ RJ XRXXEC' "A+ GRE@_ +GX+A+R' @+\+S
[C+ ZU JJJ' ];E GRE@_
]=@@ RC? ]=X; E;R' =CSX+=C' @C"? C( EX;+RSJ - EC\+RSX=EC ]=X; ERC
JJJ =CX+R+SX=C8J 1+"X E0 SE@=( ]@@ EC \=S"ES=X_J 1+"X E0 AE@+"[@R "E@@=S=EC'
S++ 0@@ E0 (REG@+XS' "ERR+"X=ECS E0 XE?+S @]J JJ GSX+=C' ;_S="@ +\=+]'
R+"+CX@_J =1[S=EC' 8S @]S 0ER (=SSE@\+( E(=+SJ C@_ AX;+AX="@ "EC"+G<
X=EC' GEG[@R \=+]J E R+@=X_& =RX+' "CCEX AER+ JJJ RAC ]ER?+( ]=X;
ERC FDFZJ R+X+R X;C =S+SJ +"+CX@_' X;+ER_ EC R+?=C8 E0 SX++@G@X+S
_ +@+"XR=" SGR?SJ ERC "ECX=C[E[S@_ =C\=X+( =C "EAGC_ E0 G;_S="=SXSJO
X X;+ +8=CC=C8 E0 +R[R_' FDZV' \EC +R`8;= [R8+( RE0+SSER ;R@+S
GE1ER( XE X?+ "X=EC =C ;=S 4CC"=@ S=X[X=ECJ EA+ (_S @X+R GE1ER(
SGE?+ ]=X; R+S=(+CX RJ XRXXECJ E]+\+R' X;+ E1+R ]S CEX +C"E[R8=C8J
;+ A^=A[A X;X RJ XRXXEC "E[@( E1+R ;=A ]S GES=X=EC E0 C SSE<
"=X+ RE0+SSER X Y'5aa (E@@RS _+R C( GRE@_ SEA+ 5'aaa (E@@RS 0ER X;+
@J NR(@_ AER+ JJJ S?+( 0ER X=A+ XE X;=C? =X E\+RJ E]+\+R' EC X[R(_
@+XX+R 0REA RJ X+S HGR+S=(+CX E0 E+RX E@@+8+' X;+ [X;ERI X;X E+RX
E@@+8+ ]=@@=C8 XE ]=X CEX;+R _+RJO ;[S' R@ \EC +R`8;= ""+GX+( X;+
E1+RJ E]' ;+ ]S @+ XE G+R0ERA SEA+ SA@@ C( S=AG@+ +^G+R=A+CXSJ +
(+\+@EG+( C =AGRE\+( E)(EA+X+RJ ER+E\+R' ;+ 0E[C( X=A+ XE ]R=X+ C RX="@+
<MJ <@ F7 P;9 &FT024EG 247$2;;$# ;OL2 9$ 24G ;$ L; FL4& 9$ 2&;FS
0ER X;+ 2C+ !? 6+G@-/0-@+!2 C2 A!+2-@+!2 !+2-/ HC(EE?

E0 ;_S="@ C( +";C="@ +";C="SI H+(J _ [+R"; C( ERXI EC X;+
S]+@@=C8 E0 8+@S' C( ;+ =CX+CS=4+( ;=S "ECS[@X=C8 ]ER?J =S =C"EA+ 8R+] C(
;+ ;=R+( C SS=SXCX S ]+@@ S S+"R+XR_J X X;+ +C( E0 [8[SX' FDZV' ;+
CEX+( =C ;=S (=R_& N;+ @SX 0E[R ]++?S ]+R+ SE X;ERE[8;@_ "RE](+( ]=X;
"X=\=X=+S C( +\+CXS' X;X =X S++AS X;+_ "E\+R EC+ _+RQS G+R=E( E0 =CX+CS+
+^=SX+C"+ JJJ SX X]E ]++?S ]ER?+( ]=X; =C"R+S=C8 =CX+CS=X_ EC ;="EG++ C(
+SX4+@(J +\+@EG+( X X;=S E""S=EC X+";C=L[+ XE R+GR+S+CX X;+ 0"XSJ EX
"EC\="X=EC' X;X X;+ C[A+RE[S A+";C="@ C@_S=S+S ]+R+ ]SX+( +1ERXSJ E
@]S ];+R+ +^G+"X+( S[";' "EAG[XX=EC E0 "E+2"=+CXS E0 G+RA+=@=X_ \+R_
[CR+@=@+J [X[R+ GE@="_& (+\+@EG A+X;E( 0ER GGRE^=AX+@_ (+X+RA=C=C8 X;+
"E+2"=+CXS E0 0R="X=ECJOHS="IJ
S ;S @R+(_ ++C GE=CX+( E[X' =C FDZ5' R@ \EC +R`8;= ;( G[@=S;+(
;=S ?-2-60!@ 4# @4-0 1!+2-@ S S+R=+S =C X;+ 2)-2!!?-2) !E@,!4?
HS++ \EC +R`8;=' FDZ5 IJ =X; X;=S RX="@+ ;+ +"A+ ?CE]C @SE =C "=R"@+S
E0 "ECS[@X=C8 +C8=C++RS C( X;[S =X ]S CEX S[RGR=S=C8 X;X "ECS[@X=C8 +C8=<
C++RS XR=+( XE "ECX"X ;=A =C ER(+R XE SE@\+ X+";C="@ GRE@+AS R+8R(=C8 (A
"ECSXR["X=ECS C( 0E[C(X=ECS ]=X; ;=S ;+@GJ C X;+ SGR=C8 E0 FDZV' ;+ ]S
S?+( XE +SX=AX+ X;+ 4@XRX=EC @ESS ];="; ]S +@=+\+( XE E""[R =C G@CC+(
R+S+R\E=R =C RA\=@@+' SS";[S+XXS' C( XE (+S=8C X;+ 0E[C(X=EC E0 8R+X
G[AG=C8 SXX=EC =C _CC' SS";[S+XXS' EC L[="?SC( C( ]+? "@_J ;+
S[""+SS0[@ SE@[X=EC E0 EX; XS?S (R+] X;+ XX+CX=EC E0 +^G+RXS AER+ C( AER+
XE X;+ GR"X="@ =AGERXC"+ E0 X;+ C+] A+X;E(S =C SE=@ A+";C="S C( X;+
C[A+R E0 "ECXR"XS 8R+] SX+(=@_J ;+ 0E[C(X=EC E0 YV<SXER_ [C?;E[S+
=C E[SXEC' +^S' X;+ =C\+SX=8X=EC E0 X;+ "[S+ E0 X;+ S+XX@+A+CX E0 @R8+
G@CX X X;+ "=4" "+C =C X;+ SXX+ E0 S;=C8XEC' X;+ "ECSXR["X=EC E0
RR8+ EC L[="?SC( =C +] C8@C( C( X;+ GR+GRX=EC 0ER X;+ "EC<
SXR["X=EC E0 ;_(R[@="@@_ GE]+R+( (A =C +CCS_@\C= ]+R+ GRX="[@R@_
=CSXR["X=\+J
X X;+ +8=CC=C8 E0 X;+ S[AA+R E0 FDZV' R@ \EC +R`8;= ]S =C\=X+(
_ X;+ [R+[ E0 [@=" E(S' S;=C8XEC ' S G+RAC+CX X+";C="@
"ECS[@XCX XE =AGRE\+ X;+ SE=@ G;_S="@ X+SX A+X;E(S E0 X;+ [R+[ EC X;+
S=S E0 X;+ R+S[@XS E0 ;=S E]C =C\+SX=8X=ECS C( XE R+ER8C=`+ X;+ @ E0
X;+ (+GRXA+CXS =C R@=C8SXEC' =R8=C=J ER+E\+R' EC+ E0 X;+ +C8=C++RS ];E
]CX+( XE 8=C ;=A S GRXC+R ]S C=+@ J ERCJ R@ A+X ;=A =C GE0<
0ER(QS E2"+& N @+C' S;ERX AC' ]=X; =8 ;+( 0[@@ E0 +^GR+SS=EC' S;RG "[X
GRE4@+' ;EE? CES+' ]=(+ X;=C AE[X;' "@+R 8R+_ +_+SJ EE?S S =0 ;+ + CEX 0R
0REA S=^X_J ECX"X ]S +SX@=S;+( +0ER+ X;+ 4RSX ]ER( ]S +^";C8+(JO RJ
ERC ]S A+A+R E0 X;+ ER( E0 C8=C++RS H]=X; X;+ +^"+@@+CX R=(8+
"ECSXR["XER @G; E(>+S?_ S GR+S=(+CXI ];="; ;( (+S=8C+( R=(8+ "RESS
X;+ =SS=SS=GG=J N;+_ G@C C EG+C "=SSEC 0E[C(X=EC X;RE[8; XEG @_+R E0
\+R_ @EES+ SC( HR=\+R (+GES=XIJJJ +GRX+( 0REA RJ ERC ]=X; X;+ =AGR+S<
S=EC E0 ;\=C8 +SX@=S;+( G+RAC+CX "ECX"X ]=X; "EC8+C=@ G+RSEC@=X_JO
;+ ER( E0 C8=C++RS ER(+R+( ;=A XE G+R0ERA X;+ SE=@ =C\+SX=8X=ECS 0ER
<@/ 2& 9LF9& L; 4&9& <MI
F7 P;9 &FT024 L

24;=&& $8 G4L&# <:NJ
F7 P;9 &FT024 L6490 =4LOF&G

<M' <@ F7 P;9 &FT024EG 247$2;;$# ;OL2 9$ 24G ;$ L; FL4& 9$ 2&;FS
X;+ 0E[C(X=EC E0 X;+ R=(8+ "RESS X;+ =SS=SS=GG= =\+RJ N C ER(+R XE 0[@4@
X;=S XS? ]=X;E[X C+8@+"X=C8 A_ ([X=+S "EC"+RC=C8 X;+ P[R+[Q' +AG@E_+(
X;+ _E[C8 +C8=C++R 0REA =+CC' J S8RC(+' S "E<]ER?+R' ];E ]S
+AG@E_+( X X;X X=A+ S (R0XSAC _ X;+ RC+8=+ X++@ EAGC_ =C
+]
+RS+_JO RX;[R S8RC(+ @X+R +"A+ ]+@@<?CE]C +C8=C++R =C SE=@
A+";C="S =C X;+ ]=X; A["; =C6[+C"+ - C( (=S"=G@+ E0 R@ \EC +R`<
8;=J
R@ \EC +R`8;= ;( @]_S ++C =CX+R+SX+( =C X;+ RXS' =C X;+X+R' A[<
S="' C( RX +^;==X=ECSJ RE[C( X;+ A=((@+ E0 X;+ FDZaS' ;+ S] X;+ 8R+X
+RAC "XER' A=@
CC=C8S' X;+ 4RSX S"R ]=CC+R' =C X;+X+R G+R0ER<
AC"+ =C E+X;+QS C@AJ E]+\+R' ;+ ]S CEX G@+S+( _ X;+ G+R0ERAC"+&
N 0+] SG@+C(=( G="X[R+S HX E[XS+X' X;+ G@8[+' X;+ E@( [SX =C ;=S SX[<
(=EI' R+A=C(+R [CSX=S0"XER_J +CX=A+CX@ @E\+ SXER_JO ER+E\+R' ;+ ]S SX=@@
+C>E_=C8 X;+ "EAG@+X+@_ C+] 4+@( =C RXS C( +CX+RX=CA+CX' CA+@_ S=@+CX
AE\=+SJ + S] ]=X; +CX;[S=SA X;+ NEX+A?=C 4@AO SX8+( _ =S+CSX+=C
C( X;+ A+A+RS E0 X;+ ES"E] RX ;+X+RJ ER+E\+R' ;+ ]S =AGR+SS+(
_ X;+ AE\=+ +! -2!A 4# ?9 )0-?-J N[X[R=SX=" GR+S+CXX=EC E0 ]=@(
C=8;XAR+S E0 X;+ =CAX+S E0 C =CSC+ S_@[AJO
[R=C8 X;=S X=A+ ;+ +"A+ "L[=CX+( ]=X; AC_ A+R="CS C( G+EG@+
0REA EX;+R "E[CXR=+SJ S S=C8@+ AC ;+ ]S =C\=X+( _ X;ES+ G+EG@+ XE @[C";
C( (=CC+R C( ;+ SG+CX A["; X=A+ =C X;+=R SE"=+X_' X X;+ C=\+RS=X_ @['
X;+ ]+CX=+X; +CX[R_ @[ C( X;+ ESAES @[J RE0+SSER _@+R C( ;=S
]=0+ XEE? ;=A XE A[S="@ +\+CXS C( GE+XR_ R+(=C8SJ ER+E\+R' R@ +C>E_+(
\+R_ A["; X;+ "EAGC_ E0 X;+ +RAC ECS[@ REC [RX \EC =GG+@S?=R";'
(+S"+C(CX E0 C E@(' CE@+ 0A=@_J
X X;+ +C( E0 _' FDZ,' R@ \EC +R`8;= R+"+=\+( @+XX+R 0REA ;=S
E@( 0R=+C( RE0+SSER ";1+RC? 0REA =+CC ]=X; C CCE[C"+A+CX ];=";
"E[@( ";C8+ R@QS GRE0+SS=EC@ GES=X=EC C( ;=S @=\=C8 S=X[X=EC "EAG@+X+@_J
";1+RC? XE@( ;=A X;X RE0+SSER @X+R' ";=R;E@(+R E0 _(R[@=" C8=<
C++R=C8 ' ]S 8E=C8 XE R+X=R+ C( ";1+RC? S?+( ;=A ];+X;+R ;+ ]E[@(
""+GX X;+ GRE0+SSERS;=G X X;+ +";C=S";+ E";S";[@+ =C =+CCJ + ]S \+R_
G@+S+( C( ;GG_ R+(=C8 ";1+RC?QS A+SS8+' @X;E[8; ;+ SX=@@ ;EG+( XE
R+"+=\+ C E1+R 0REA +R@=C 0ER ";=R =C SE=@ A+";C="SJ
C
[C+' FDZ,' R@ \EC +R`8;= ]S S+CX XE +CXR@ A+R=" _ X;+
C=X+( R[=X EAGC_' ];="; C++(+( SE=@<G;_S="@ A+X;E(S =C ER(+R XE +
@+ XE >[(8+ X;+ 8R(+ E0 G+RA+=@=X_ E0 \=R8=C 0ER+SX SE=@SJ ;+ 8E@ ]S XE
@+RC ];+X;+R X;+ \=R8=C 0ER+SX @EXS "E[@( + "EC\+RX+( XE CC G@CXX=ECS
_ @_=C8 E[X =RR=8X=EC (=X";+SJ X X;X X=A+ X;+ C=X+( R[=X EAGC_
AE[CX+( XE C A+R="C "E@EC_ =C +CXR@ A+R=" ]=X; =XS ;[8+ +SXX+S
C( AC_ "@+R?SJ
;+ (+GRX[R+ 0REA X;+ XE +CXR@ A+R=" E""[R+( =C 8R+X ;+"X="
SXX+J +X]++C
[C+ V C( D ;+ XE[R+( X;RE[8; X;+ ]+SX+RC GRX E0 =";=8C
=C ER(+R XE 8=C SE=@ SAG@+S 0REA X;+ R+ EC X;+ [S?+8EC R=\+RJ "?
=C ESXEC EC [C(_'
[C+ Fa' ;+ GR+GR+( 0ER ;=S C+] (\+CX[R+ C( X]E
<@/ 2& 9LF9& L; 4&9& <M:
(_S @X+R ;+ +CX+R+( X;+ C=8;X +^GR+SS 0ER +] ER?J +^X (_' ;+ +AR?+(
0ER ;=S 4RSX (+SX=CX=EC' ESX ="J C ER( ;+ ]ER?+( +^X+CS=\+@_ EC ;=S
R+GERX 0ER ;=S =";=8C "ECXR"XERSJ ;+ SX+A+R GSS+( [ C( A(+
SXEG<E\+RS =C "E@ER0[@ =C8SXEC H
A="I C( CAJ =C@@_' EC
[C+ ZF'
FDZ,' R@ \EC +R`8;= RR=\+( =C ERX =AEC' ESX ="J [R=C8 X;+ C+^X
(_ ;+ XR\+@@+( XE C
ES+' ];+R+ ;+ ]S =CXRE(["+( XE X;+ GR+S=(+CX =C
X;+ GR+S=(+CX=@ E2"+T AER+E\+R' ;+ 8\+ X@? EC +C8=C++R=C8 8+E@E8_ HRE(
"ECSXR["X=EC C( @C(S@=(+SI XE E[X Za SX[(+CXS C( ;+ SX[(=+( SE=@ AEX=EC
GRE@+ASJ REA C
ES+' ;+ SXRX+( R+@ (\+CX[RE[S XR=G EC ;ERS+"?
XE C +(RE C( XE X;+ S[AA=X E0 ES E@"CE' (C8+RE[S XR=G +"[S+
=X ]S X;+ R=C_ S+SEC C( X;+ RE(S ]+R+ N\+R_ GEERJO E]+\+R' ;+ ;(
@["?& NEC(+R0[@ \=+] 0REA R=A E0 X;+ "RX+R& \SX AG;=X;+X+R' S[RRE[C(+(
]=X; G@+ "E@ER+(' SX++G "@=1' "RE]C+( _ SAEEX; ER (=SS+"X+( (R? 8R++C
SC(S@EG+SJ X EXXEA E0 X;+ ;[8+ (+GR+SS=EC SX+A<>+XS R[S;=C8 E[X' ]=X;
CE=S+ @=?+ ;[8+ 0"XER_J ;+ ]=C( @+] X;+ SAE?+ XE C( 0RE' E""S=EC@@_
+^GES=C8 SA@@' L[=+X' +@@=GX="@ @?+ E0 (++G 8R++C "E@ERJ C X;+ R=8;X C?
A[(6X' "RESS+( _ RRC"ES H"C_ECS' X;+ [X;ERI C( "R"?SJ CX+CS+
SA+@@ E0 H;_(RE8+C S[@4(+' X;+ [X;ERIJ C X;+ R+R C( XE @+0X ]EE(+(
;=@@S' S+GRX+( 0REA "RX+R _ @=8;X "E@ER+( SC(6XJ E @+0X X+RR=4" 8G =C
"RX+R R=A' +^GES=C8 EC=EC @=?+ SXR["X[R+ E0 @\ C( S; SXRXJ REA 8G
(++G RRC"ES @+(=C8 =CXE XRE[8;@=?+ (+GR+SS=EC F ?A ]=(+' G+R0+"X (+S+RX
HS="IJO "? =C X;+ N P;EX+@Q' =CX+CS+ R=C SXRX+(JO
C
[@_ F' FDZ,' R@ \EC +R`8;= R+X[RC+( XE CA =C ER(+R XE SX[(_
@R8+ @C(S@=(+S @EC8 X;+ CA C@ - C( XE X?+ GRX =C C+] (\+C<
X[RE[S +^"[RS=ECSJ R@ ]S' =C GRX="[@R' =AGR+SS+( _ X;+ @R8+ ["R";
S@=(+& NR+A+C(E[S 8G +X]++C X]E (R? RE"?;=@@S' X;+ EXXEA @=C+( ]=X;
R+((=S; "@_' =XS RE[8;' [C+\+C S[R0"+ SXR+]C ]=X; E[@(+RSJ X+R 6E]S E\+R
X;+ ";ES =C SA@@ "R++?S C( "S"(+S' @E"@@_ SA@@ GEE@SJO
[R=C8 C +^"[RS=EC ]=X; SEA+ +^G+RXS XE EX;+R @C(S@=(+S C( C+] (A
S=X+ [G X;+ ;8R+S =\+R' R@ \EC +R`8;= +^G+R=+C"+( X;+ R+@' +^"=X=C8
C( SEA+X=A+S S"R_ ]ER@( E0 X;+ XREG="S ]=X; X;+=R SC?+S C( "RE"E(=@+SJ
C
[@_ FF' X;+_ SXRX+( [G XE AE[CX=C X V&aa JAJJ NER X]E ;E[RS
EC ]+@@ ?+GX XR=@ X;RE[8; >[C8@+ JJJ X=\+ H+8REI CC G@CXX=ECSJ E
G+RA=SS=EC XE EG+C C+] G@CX' +"[S+ +^GREGR=X+( 0ER JJJ
(+( J =\+R X;R++ X=A+SJ @=A+( [G SX++G ;=@@' GSS+( X;+ 0EEX E0
;[8+' 8R+_ @=A+SXEC+ "@=1 =C X;+ (R? S;(E] E0 GR=A+\@ 0ER+SXJ C "R++?
C+R_ ;[8+ 8R++C SC?+' @=0X+( ;+R ;+( X]E =C";+S E[X E0 ]X+R' S;E]+(
];=X+ [C(+RS=(+' 0E@@E]+( [S ]=X; +_+S S ]+ GSS+( _ C( (+S"+C(+( =CXE
\@@+_ X X[CC+@ +CXRC"+J =?+ @C(S"G+ E0 +R@=+SX (_S E0 +RX;J =8C<
X=" XR++S "@ES+( [G E\+ GEE@' ]=X; @"? "\+ =C "?8RE[C( JJJ REG="@
X;[C(+RSXERA' @=8;XC=C8 6S; C( (E]CGE[R JJJ
=X; X;+ "CE+ X Z&Ya X ;8R+S =\+R JJJ E[X ;@0 ?=@EA+X+R (E]C<
SXR+A JJJ' E[R "CE+S GGRE";+( E\+R;C8=C8 RE"?' C( +0ER+ "@+R@_ [C<
(+RSXEE( ];X ;GG+C+(' X;+ "CE+ ]S SE?+( [C(+R =X' X;+ EX "GS=`+('
</U <@ F7 P;9 &FT024EG 247$2;;$# ;OL2 9$ 24G ;$ L; FL4& 9$ 2&;FS
C( A_ E(? S@=GG+( E1 E0 A_ RA C( SXRX+( XE S]=AJ E@@E]+( E[X+R

R=A E0 RE"?' [CX=@ R+";+( GE=CX' ];+R+ "@=A=C8 ]S GESS=@+JO
C
[@_ FV' R@ \EC +R`8;= @+0X CA C( S=@+( 0REA E@EC XE
[+RXE SX=@@ HEC([RSI C( RE(+ 0[RX;+R _ XR=C XE R[>=@@EJ [R=C8
X;+ C+^X (_S ;+ ]S R+"+=\+( _ [X;ER=X=+S E0 X;+ C=X+( R[=X EAGC_
X (=1+R+CX G@"+S =C EC([RS C( ;+ G+R0ERA+( X+SXS =C X;+ SE=@ @S E0
X;+ EAGC_' +J8J' =C +@' "@ES+ XE X;+ "ESX +X]++C += C( [+RXE
[+RX+SJ
R@ \EC +R`8;=QS C+^X (+SX=CX=ECS ]+R+ [+RXE R=ES C( [=R=8['
EC+ E0 X;+ AESX =AGERXCX _ XE]CS' @E"X+( =C X;+ +SX E0 [X+A@
C( ?CE]C X;RE[8; @R8+ @XRS C( X@@ SX+@+SJ REA [=R=8[' R@ SXRX+(
0ER S=8;X<S++=C8 XE[RS XE ;=L[=A[@ C( E0 "E[RS+' XE [X+A@ =X_J REA
X;+R+ ;+ RE(+ XE X;+ ER(+R E0 C @\(ER C( XE CX=8[' X;+ AR\+@<
@E[S 0ERA+R "G=X@ X X;+ 0EEX E0 X;+ GE]+R0[@ \E@"CES 8C' [+8E C(
CX+CC8EJ
C R=(_' [8[SX YF' ;+ (+"=(+( XE R=(+ _ XR=C XE [=R=8[' +"[S+
;+ 0+@X =@@J C X;+ ;ESG=X@ ;+ ]S =CSG+"X+( _ C "L[=CX+( G;_S="=C ];E
SXX+(& N+\_ =C6AAX=EC E0 =C8[=C@ 8@C(S' C( AE+=" =C0+"X=EC E0
[GG+R =CX+SX=C@ XR"X' JJJO + SX_+( 0ER X]E ]++?S =C X;+ ;ESG=X@ C( RE(+
X;+C XE X;+ [@0 E0 EC([RS ]=X; AEXER EX C( +AR?+( 0ER X;+ C=X+(
XX+SJ
0X+R ;=S R+X[RC 0REA +CXR@ A+R=" EC +(C+S(_' +GX+A+R ZV' FDZ,'
R@ \EC +R`8;= 0E[C( X]E G@+SCX S[RGR=S+S =C ;=S A=@J =RSX' ;+ ]S S?+(
];+X;+R ;+ ]E[@( ""+GX GES=X=EC S (=R+"XER E0 X;+ !?@C+@2@A0A #C?
@@!?C C2 +-$C =C +R@=CJ +"EC(' ;+ ]S R+L[+SX+( _ X;+
GC+S+
C( A+R="C EAA=XX++ E0 ER@( C8=C++R EC8R+SS XE SG+? =C E?_E =C
"XE+R' FDZDJ
;+ 0E[R<AECX;<XR=G XE +CXR@ A+R=" ;( 8R+X =C6[+C"+ EC ;=S (=@_
]ER?J N=X; (E[@+( >E_ C( =CX+R+SX X A_ ]ER?JO ;=S ]S L[=X+ C+"+SSR_'
+"[S+ ;+ ;( XE @+"X[R+ C( (E "ECS[@X=C8 ]ER?J + ]S R+L[+SX+( XE "@R=0_
X;+ "[S+S E0 [C+^G+"X+(@_ E""[RR+( S+XX@+A+CX X @R8+ G@CX EC X;+ "ESX
E0 X;+ "=4" "+C' "@ES+ XE C(J C@_ X]E AECX;S @X+R ;+ ]S S?+( _
X;+ SXX+ E0 +] AGS;=R+ XE R+\=+] X;+ "@"[@X=EC (E"[A+CXS 0ER X;+ @_
E[X E0 R+X=C=C8 ]@@' 55A ;=8;' X X;+ ECC+"X="[X =\+RJ N;=S XS? "E[@(
EC@_ + SE@\+( ]=X; X;+ ;+@G E0 +RX; GR+SS[R+ X+SXS EC @R8+<S"@+ C( X;+
8R+X AE[CX E0 [=@(=C8 +^G+CS+S >[SX=4+( X;+ "L[=S=X=EC E0 @R8+ +RX;
GR+SS[R+ GGRX[S' +L[=GG+( ]=X; @@ [^=@=R=+S E0 X;+ AE(+RC A+S[R=C8
X+";C=L[+JO C R+@X=\+@_ S;ERX X=A+ X;+ @R8+ (+\="+S ;( ++C [=@X C(
=CSX@@+(J ;+ X+SXS @SX+( 4\+ AECX;S C( X;+ R+S[@XS 8\+ "@+R G="X[R+ E0
X;+ G;+CEA+C "[S+( _ X;+ AE\+A+CX E0 X;+ R+X=C=C8 ]@@ S ]+@@ S E0 X;+
"EA=C+( "X=ECS E0 +RX; GR+SS[R+ C( ]X+R GR+SS[R+ X ]+?@_ "E;+R+CX
"? 4@@J N;+ (X 8=C+( CS]+RS @@ EG+C L[+SX=ECS C( S[GG@=+( R+@=@+
S=S 0ER X;+ (+S=8C E0 X;+ G@CC+( ]@@JO
<@/ 2& 9LF9& L; 4&9& </<
C +] +RQS \+' R@ \EC +R`8;= R+6+"X+( EC X;+ GSX _+RJ NSX
(_ EC+ E0 X;+ R=";+SX _+RS E0 A_ @=0+ S;G+( _ C[A+RE[S RG=( (+"=S=ECS JJJ
;+ @SX ]++?S X;+ 8R+X R+X=C=C8 ]@@ (\+CX[R+J EE?=C8 "? EC X;=S _+R'
4C( X;+ E@(+SX (R+AS E0 A_ +R@_ AC;EE( _ 0R S[RGSS+(J ^X+RC@
;ECERS @SE "A+' _ C( _' ([R=C8 X;=S _+R& +(@ E0 ESXEC E"=+X_'
+@@E] E0 A+R="C "(+A_ E0 "=+C"+' (\C"+ "=+C"+S' 0[@@ RE0+SSER'
/4??!@642-!?!2!@ -A)0-! !@ @A!??!-+-@+!2 2)!2-!C?, C2 ?+-A!/A!2,
!?!-2!@' EC8R+SS E?_E' @@S 0ER +R@=C' =+CCJ ;+ EC@_ (R+R_ SGEXS
+X]++C' X;+ (_S EC ER( JJJ X;+ E"+C =C =XS =AA+CS=X_ "EAG+CSX+( 0ER
X;+ ([@@C+SS E0 X;+ GSS+C8+RSJ
;=SX@+S @E]=C8 +\+R_];+R+ =C ESXEC C( X;+ C+] _+R SXRXS' @C?
SG"+' XE + 4@@+( ]=X; X;+ "R+X[R+S ERC E[X E0 E[R =A8=CX=EC 0+RX=@=`=C8
"=R"[ASXC"+SJ ;X S;G+S C( G="X[R+S R+ 8E=C8 XE 8RE] =C =XM 8R++X =X
]=X; 8@SS E0 R[A' R+S"[+( 0REA X;+ S;ER+S E0 [X+A@J
_ SX=S0"X=EC& 8=\+ 4\+ X=A+S AER+ X;C X?+ C( +RC 4\+ X=A+S
AER+ X;C C++(JO
0X+R ;=S R+6+"X=ECS' ;+ (+S"R=+( SEA+ R+"E@@+"X=ECS =C ;=S (=R_ "EC"+RC<
=C8 X;+ @SX 4\+ AECX;S E0 FDZ,J C E\+A+R' FDZ,' R@QS SS=SXCX' =@E_
H;+ S+R\+( @X+R EC X;+ =\=@ C8=C++R=C8 0"[@X_ X+";=C8 SE=@ A+";C="S [C<
X=@ FDYUI' ;( A+CX=EC+( C =CX+R+SX=C8 "EC\+RSX=EC ]=X; X;+ GR+S=(+CX E0
J JJ NRJ XRXXEC& PE[ ]ER? 0ER X;R++ _+RS' C( CE R+S[@X/Q =@E_& PRJ
J AESX +^"+@@+CX R+S[@XS =C ;=S "ECS[@X=C8 ]ER?/Q P+S' X;=S "ECS[@X=C8 ]ER?J
(ECQX @=?+ X;X X @@J =SXR"XS 0REA 0[C(A+CX@ R+S+R";JQ O C(++(' RJ
\EC +R`8;= C+8@+"X+( 0[C(A+CX@ R+S+R"; XE 8R+X +^X+CX =C 0\ER E0 ;=S
"ECS[@X=C8 ]ER? C( ;=S S"=+CX=4" 4C(=C8S ]+R+ AER+ X;C A+8+R ([R=C8 ;=S
X=A+ X J JJ C( =C CE ]_ "EAGR@+ XE ;=S ]ER? =C ECSXCX=CEG@+J
C( ;+ A+CX=EC+( CEX;+R R+"E@@+"X=EC E0 A++X=C8 ];="; ]S XE ;\+
@SX=C8 =AG"X EC ;=S G+RSEC@ @=0+J N"? XE FDZ,J +"+A+R F,J ;EC+"@@
0REA =SS E88+XXJ +E@E8="@ E"=+X_' 0ER GRE0+SS=EC@ (\="+J +X ;+R 4RSX
X 8+E@E8="@ +^"[RS=EC EC +GX+A+R FZ' L[=+X' S+R=E[S' _+X ]=X; E""S=EC@
6S;+S E0 ER=8=C@ ;[AERJ @@+( EC A_ E2"+ X 5 GJAJ ;+S=S "ER@ R++0S
C+R ;="8EJ ^"+SS=\+ SX++GC+SS E0 "ER@ SC( S@EG+SJ _ + ([+ XE [C<
+L[@ "EAG"X=C8J =CC+R X C=\+RS=X_ @[J G=R E0 +_+S ];="; G+C+XRX+'
C( S;=C+ =C 0"+ ]=X; +^XRER(=CR_ \R=@+ +^GR+SS=ECJO ;=S _E[C8 @(_
];E ;( E\=E[S@_ =AGR+SS+( ;=A \+R_ A["; ]S [X; E88+XXJ ;+ ]S
(+S"+C(CX E0 C E@( 0A=@_ E0 [REG+C =AA=8RCXS ]=X; SEA+ REEXS 8E=C8
"? XE X;+ 4RSX =AA=8RCXS =C ESXECJ [X; R+AR?+( =C @+XX+R XE X;+ [<
X;ER EC
[@_ Za' FDDa& N _ 0X;+RQS 4RSX C"+SXER E0 X;+ SA+ CA+ HE88+XXI
"A+ XE X;=S "E[CXR_ =C FVYa' S EC(+( S+R\CX' =J+J ;+ ]S R+L[=R+( XE
S+R\+ X @=XX@+ ER CE ]8+S XE ]ER? E1 X;+ "ESX E0 ;=S GSS8+J EX L[=X+ PC E@(
C8@=S; 0A=@_QJ X SEA+ GE=CX' A@+ E88+XX C"+SXER ARR=+( (+"+C(CX
E0 RJ [@@+R' ];E RR=\+( EC X;+ _6E]+R @EC8 ]=X; X;+ 4RSX S+XX@+RS =C
+] C8@C(' =C FVYa HX;+ [R=XCSIJ + ]E[@( X;[S ;\+ X;+ L[@=4"X=ECS

P;9 &FT024EG $;L;F7 GLO$&9L
</N <@ F7 P;9 &FT024EG 247$2;;$# ;OL2 9$ 24G ;$ L; FL4& 9$ 2&;FS
0ER +@EC8=C8 XE X;+ _6E]+R E"=+X_' "EAGES+( E0 [C"; E0 "ECS+R\X=\+'

SX[1_ G+EG@+ ]=X; ];EA ]E[@( CEX ]=S; XE SSE"=X+JO +R AEX;+R @=\+(
=C @=0ERC=J [X;QS AX+RC@ 8RC(0X;+R "A+ 0REA ;=C+@C(' +RAC_'
+A=8RX+( XE X;+ =C F,7,' ];+R+ ;+ RC G;RA"_J +R AEX;+RQS AEX;+R
]S 0REA +CX["?_J
C
C[R_ Z7' FDZD' R@ ;( (=CC+R ]=X; ;=S E@( 0R=+C(S RJ C( RSJ
_@+R X X;+ C=\+RS=X_ @[J _@+R C( C "L[=CXC"+ NA(+ +1ERX XE SXRX
"X=EC 0ER ?++G=C8 A+ =C X;+ J +X GE1ER(' ]=X; ;=S (+GRXA+CX GR=(+'
EGGES+S C_ "X=EC ];="; (E+S CEX GSS X;RE[8; ;=S ;C(SJO
E]+\+R' X;+R+ ]+R+ @SE 8R+X +1ERXS =C =+CC XE 8+X R@ \EC +R`<
8;= XE X;+ +";C=S";+ E";S";[@+J C +R[R_ 5' FDZD' ;+ ]REX+ =C ;=S (=<
R_& NR+X >E_& +XX+R 0REA [SXR=C P?X=ECS EAA=X++Q' ;+(+( _ RJ
^C+R
J 1+R XE A+ X;+ A+CS 0ER +SX@=S;=C8 SE=@S @ERXER_ =C =+CCJ
;X 8ER8+E[S SX=S0"X=EC' 0X+R X;+ 8[+R=@@ ]R0R+ ]=X; X+RC C( EJ
;X ]E[@( + +[X=0[@ 0R+]+@@ 0REA AR=(8+J [=X' ];+C +\+R_X;=C8
S++AS XE + AESX GREA=S=C8JO
0X+R RE0+SSER ^ ERC 0REA )EXX=C8+C ;( \=S=X+( J JJ' =X ]S ;=S
0AE[S SX[(+CX' RE0+SSER +RC+R +=S+C+R8' X X;X X=A+ EC@_ ZU _+RS
E@( ];E @+"X[R+( X J JJ =C R";' FDZDJ C R"; F5' NX 7 GJAJ =RSX
J JJ @+"X[R+ E0 RJ +=S+C+R8 EC [CX[A +";C="SJ E_' Z7 ER Z5
_+RS E@(' S@=8;X@_ ]?]R( ];+C 0"=C8 ;=S [(=+C"+J [@@' ;+@X;_ 0"+' 8EE(
"E@ER' 8R+_ +_+S' CEX;=C8 +^XRER(=CR_ =C ;=S +^GR+SS=EC' +^"+GX' GRE@_']+@@
(+\+@EG+( 0ER+;+(J E_' ];E +C>E_S X;+ 8EE( X;=C8S E0 @=0+J +"X[R+ =C =8
@+"X[R+ ;@@' SEA+ Y5a XX+C(CXSJ ^G@=C+( ;=S XEG=" =C 0=R@_ G@+SCX
]_' S AER+ ER @+SS =C"E;+R+CX "EAA+CXS XE ;=S S@=(+SJ =S 0[RX;+R @+"X[R+S
S[""+SS' XX+C(C"+ ?+GX [G XE ,aJO +RC+R +=S+C+R8' EC+ E0 X;+ 8R+X A+C
E0 AE(+RC G;_S="S' R+"+=\+( X;+ E+@ R=`+ =C FDYZJ
[R=C8 SGR=C8X=A+ C( S[AA+R HFDZDI' X;+ R+@X=ECS;=G XE [X; E88+XX
8EX "@ES+R C( "@ES+RJ +R_ E0X+C X;+_ ;( @[C"; C( (=CC+R XE8+X;+R' \=S=X+(
"EC"+RXS C( X;+X+R G+R0ERAC"+S C( SG+CX X;+ ]++?+C(S ]=X; ;=?=C8 C(
S=8;X<S++=C8J [X;QS AEX;+R ]S "EC"+RC+( E[X X;+ R+@X=ECS;=GJ ;+ SGE?+
XE R@& NC X;X [C(_ ];+C _E[ ;( (=CC+R =C E[R ;EA+' S] X;+
X;R+X+C=C8 S=8C EC X;+ ]@@J [C(_' _+SX+R(_' ];+C [X; "A+ ;EA+' A_
]ERSX CX="=GX=ECS ]+R+ "EC4RA+(J E[ +"A+ ]=X; ;+R C ES+SS=ECJ ;+
"EC4(+( XE A+ ;+R GSS=EC' C( ;( S@++G@+SS C=8;XJ E A+CSJ ;+C S;+
=S X;RE[8; ]=X; ;+R SX[(=+S' X;+ AEC+_ =S 8EC+J E[ ?CE] ;E] R=8ERE[S =X =S =C
E[X AER@S JJJ ;+ =S _E[C8 JJJ =@@ _E[ GREA=S+ XE A+ X;X _E[ R+A=C
- >[SX 0R=+C(SM E[ R+ AC E0 X;+ ]ER@(J C _E[ ;+@G A+ XE GREX+"X X;+
8=R@MO
E]+\+R' R@ ]S CEX R+@@_ EX;+R+( _ X;+ "EC"+RCS E0 [X;QS AEX;+RJ
+ ]S A["; AER+ (=SX[R+( _ X;+ @"? E0 =C0ERAX=EC 0REA =+CCJ C( X

F@ R9&F );O9$&$# &AO4==&$ 9$ F9 L2& &29;7;04G2&G &Q&F&3 OG&O8
49 4&99 );F N- S&FG 9$ QG Q&77369;Q9 &9049&&F Q4L2 8O2 49.O&9& 49
&9049&&F490 4F7&G 49 OGLF4@
<@/ 2& 9LF9& L; 4&9& </M
OL2 ;00&LL >P;9 &FT024?
X;+ +C( E0 _ ;+ CEX+( =C ;=S (=R_& N0X+R S+\+R@ (_S E0 =C(+"=S=EC A(+ [G
A_ A=C( XE SX_ =C AR=(8+J @@+( EC GE1ER(' R+L[+SX+( S@R_ E0 V'aaa
- C( X=X@+ E0 +S+R"; RE0+SSERJ GE1ER( [C[S[@@_ 8R++@+J EC\=C"+(
X;X ;\+ 8R+X+R 0[X[R+ =C A+R="J =@@ X?+ AXX+RS [G ]=X; XRXXEC
X EC"+J ;+R+ ]=@@ + CE (=2"[@X_ XE 8=\+ A+ @+\+ E0 S+C"+ 0ER S+\+R@
AECX;S' +\+C 0ER ;@0 _+R' XE 8E XE [REG+ ER XE X?+ [G JJJ ]ER? @=?+
X;X =C E\=+X [SS=J C+ ;E[R @X+R R+"+=\+( "@+8RAA 0REA =+CC&
P CX+RA=C=SX+R=+@@+ +R;C(@[C8+C CE"; C=";X 8+S";@ESS+CQJ ;=S =S' S =X
S++AS XE A+' A_ @EX XE SX_ =C X;+ JO
EA+ (_S @X+R' R@ \EC +R`8;= ;( EC+<;E[R "EC\+RSX=EC ]=X; RJ
GE1ER( ];E XE@( ;=A X;X R+S=(+CX XRXXEC ]CX+( ;=A XE (REG "ECS[@X=C8
]ER?J @SE
JJ R++AC "EAG@=C+( X;X ;+ ]S NXEE A["; @+C=C8 XE]R(S
"EAA+R"=@ S=(+JO R@ R+G@=+( XE X;+S+ ""[SX=ECS =C ;=S (=R_& NGE1ER(
8R++( X;X R++AC (E+S CEX @=\+ [G XE ;=S R+L[=R+A+CXS C( X;X X;+R+ R+
AC_ A+A+RS E0 SX1 ];E "E[@( CEX GESS=@_ +RC E[XS=(+ E0 J JJ AER+
X;C X;+_ (E ;+R+J G+CX X;+ S+"EC( GRX E0 0X+RCEEC 0RC?@_ +^G@=C=C8 A_
R+"X=ECS C( GR+S+CX=C8 A_ [@X=AX[AJO
;+C' 4C@@_ EC [+S(_'
[C+ 5' R@ \EC +R`8;= R+"+=\+( X;+ @EC8
]=X+( X+@+8RA 0REA =+CC ]=X; X;+ C+]S X;X GR"X="@@_ @@ "EC(=X=ECS
;( ++C ""+GX+(J N@X;E[8; X;+ X+@+8RA ]S XE + +^G+"X+(' =X @+0X A+ =C
<// <@ F7 P;9 &FT024EG 247$2;;$# ;OL2 9$ 24G ;$ L; FL4& 9$ 2&;FS
SXX+ E0 S[RGR=S+ C( GESXGEC+( R+"X=ECJ CX+C(+( XE [S+ =X S A+CS XE

S+"[R+ S+"EC( SS=SXCX' C( X;+C XE ]=R+ "? PXEE @X+QJO

+ SG+CX X;+ +\+C=C8 ]=X; [X;J N _ GSS=EC 0ER X;+ @=XX@+ 8=R@ SX=@@ 8RE]<
=C8J SS+( X;RE[8; ;E[RS E0 AESX =CX+CS+ +AEX=ECSJO R([@@_' ;+ ]S X;=C?<
=C8 E[X "@ES+R R+@X=ECS;=GJ
C X;+ C+^X (_' ;+ SGE?+ ]=X; [X;QS AEX;+R E[X [X;QS 0[X[R+J NE@(
;+R E0 0=CX GESS==@=X_ E0 \R=E[S =CX+CX=ECS EC A_ GRXJ +R 4CC"=@ R+L[=R+<
A+CXSM R=+C(S =C ;="8E XR[SX+( ]=X; X=C_ "G=X@J 0 S;+ (E+S CEX @=\+ XEE
@EC8 =X A_ @SXJ E[@( 0++@ AERX=4+(' =0 S;+ (+G+C(+( EC E[XS=(+ S[GGERXJ
[SC( - R=S; - 8RC( SX_@+ - 8+C+RE[S - @=\+( +_EC( ;=S A+CS - (=+(
GR+AX[R+@_ JJJ ]ER? AC8+R E0 (\+RX=S=C8 R=(+ E0 =8 4RAJ [8;X+R =C @<
=0ERC=' RX=SX="' S[CC_ (=SGES=X=ECJ RR=+( R=@@=CX @]_+R 8=CSX 0X;+RQS
]=@@J + 8\+ [G GRE0+SS=EC' SA@@ ]R=X+R' 0A=@_ S[GGERX+( _ ([8;X+R R<
8[+R=X+J ^"+@@+CX 0A=@_' [X [C+R@+ "EC(=X=ECSJ X+R' AXX+R E0 0"X
XEC+ (=SG@+S+( A+ [XX+R@_' @+0X (=S8R++@+ XSX+JO
R@ \EC +R`8;= ]S @SE (=SSX=S4+( ]=X; GE1ER(QS XX=X[(+ =C X;+
AXX+R E0 X;+ SS=SXCX ];="; ]S 8RE]=C8 "EC0RECXX=ECJ + SG+CX 8R+X
GRX E0 X;+ C=8;X GEC(+R=C8 ;=S (+"=S=ECJ + ]+CX (+SG+RX+@_ "? C( 0ERX;J
N[X; 48[R+ R+GR+S+CX=C8 ((=X=EC@ (=SX[R=C8 0"XERJ C EC+ ;C( 8R+X
GESS==@=X=+S 0ER "X=\=X_ =C - 8RE]=C8 R+G[XX=ECJ =A+ "ECS[A+( =C [<
REG+ =C "X[@ X+";=C8' (+GR+SS=C8 XAESG;+R+J X;+R ;C(& (+(@_ [C=0ER<
A=X_ E0 @=0+ =C X;+ J E ";C8+ 0ER +S"G+ 0REA (+AEC +"ECEA=+S JJJ [<
A=@=X=C8 XX=X[(+ E0 RJ XRXXECJ +@X; E0 C+] "ECX"XS =C [REG+J ;+C
R+";+( A_ 4C@ (+"=S=ECJO
C
[C+ U' FDZD' X Z GJAJ' RJ X+";CJ R@ \EC +R`8;= ;C(+( =C ;=S
R+S=8CX=EC XE X;+ ;+( E0 X;+ (+GRXA+CX' RE0+SSER GE1ER(J + R+"+=\+(
X;+ R+S=8CX=EC \+R_ [C8R"+0[@@_J NE[ ]=@@ 0++@ SERR_ - @@ G+EG@+ ];EA
SGE?+ S=( 8R+X 0[X[R+ ;+( E0 _E[ - ]+ X;E[8;X +\+R_X;=C8 ]S "@+R+(
[GJ R+S+CX _E[R @+XX+R E0 R+S=8CX=ECJO
+ SG+CX X;+ +\+C=C8 ]=X; _@+RQS
+]=S; 0R=+C(S C( ]=X; [X; EC
@E[C"; =C X;+ ESXEC RERJ X ]S 0R+]+@@ GRX_ 0ER X;+ _@+RS ];E ]+R+
AE\=C8 XE S;=C8XEC ];+R+ RE0+SSER _@+R ;( ++C GGE=CX+( S +C E0
C8=C++R=C8J
N;+C "A+ ;EA+' X+RS ]+R+ 6E]=C8 0REA A_ +_+SJ 0+@X ];X A
8E=C8 XE @ES+JO C X;+ C+^X (_' ;=S A=C( ]S SX=@@ =C SXX+ E0 R+\E@XJ =C@@_'
;E]+\+R' X;+ XAESG;+R+ "@+R+( [GJ N 0 GSS=EC SX=@@ R+(;EX C( CE ;EG+ 0ER
S[SX=X[X+' X;+C 8E ;+( C( ARR_JO

2& =&FG;97 ;9$4L4;9G Q&F& 9;L $@ 4G G7FS QG 8;F& L29 <'#UUU 2477490G
=&F S&F =7OG 7&LOF&3)&&G =7OG &R849L4;93)&&G =7OG =&FG;97 ;9OG ;) <-#UUU
2477490G@ 9 $$4L4;9# L2& 8494GL&F =F;84G&$ L; F&$4L ,)L&&9 S&FG );F 24G =&93
G4;9@ 24G QG 8R48O8 G7FS ;FF&G=;9$490 L; L2& G7FS ;) 0&9&F7@ 9&
9 48049& 2;Q 2402 24G =&FG;97 &RLF =S QG 4) ;9& ;8=F&G 4L Q4L2 L2&
&RLF =S ;) 24G ;77&0O& F;)&GG;F &29&F# 98&7S F;O9$ J#UUU 2477490& =&F
S&F@
<@/ 2& 9LF9& L; 4&9& </-
[R=C8 X;+ 0E@@E]=C8 X=A+' R@ \EC +R`8;= S=( 8EE(<_+ XE SEA+
0R=+C(S C( "L[=CXC"+S =C ESXEC' +] ER? C( S;=C8XEC J ;+
@E\+ +X]++C ;=A C( [X; 8R+] SX+(=@_ C( ;+ =CXRE(["+( ;+R XE ;=S 0R=+C(S
];E ""+GX+( ;+R =C \+R_ 0R=+C(@_ ]_J RSJ =GG+@S?=R";& N+ ]+R+ L[=X+
+CX;[S=SX=" E[X =SS [X;J +R_ @=\+@_' \+R_ "@+\+R' C( ];X =S AER+' S;+
;S G+RSEC@=X_J +X& E _E[ ;\+ X;+ 0++@=C8' X;X S;+ =S X;+ EC@_ EC+MO
X X;+ +C( E0 +GX+A+R C( X;+ +8=CC=C8 E0 "XE+R' FDZD' X;+ (_S
]+R+ 4@@+( ]=X; SXR+C[E[S ]ER? =C AR=(8+J N=C=S;+( G=@+ R+GERX' GR+GR+(
R+GERX EC RX0ER( ]X+R S[GG@_ C( @SX R+X=C=C8 ]@@ X+SXSJ ] [X; +\+R_
+\+C=C8 0ER 0+] ;E[RSJ ;+ ;+@G+( A+ G"?=C8J "XE+R F [CX=@ "XE+R Z
X 7 JAJ' 4C=S;=C8 A_ 8SJO
C ;=S =RX;(_' "XE+R Z' REC \EC =GG+@S?=R"; C( EX;+R 0R=+C(S
8X;+R+( X R@QS E2"+ ];=@+ ;+ ]REX+ X;+ @SX G8+S E0 ;=S R+GERXJ NSX'
"ER(=@ 0R+]+@@JO X 7 GJAJ X ;EA+' [X; GR+GR+( X+ C( ;+@G+( ;=A
XE 8+X E\+R X;+ +1+"XS E0 X;+ @SX X]E SXR+C[E[S (_SJ N+X]++C GSS=ECX+
+AR"+S' 0+] S+R=E[S ]ER(S E[X X;+ GESS==@=X=+S E0 ARR=8+ JJJO
NX FF GJAJ' ;( XE @+\+ 0ER X;+ R=@]_ SXX=ECJO X ]S C +AEX=EC@
8EE(<_+ 0REA [X;J
;+R+0X+R R@ R+6+"X+( EC ;=S =RX;(_ NJJJ 0++@=C8 E0 ;\=C8 +^G+R=+C"+(
X;+ AESX S=8C=4"CX =RX;(_ E0 A_ @=0+' =C "+RX=C S+CS+ X;+ "@=A^ E0 A_
"R++R& ^X+RC@ S[""+SS +_EC( A_ E@(+SX (R+AS' +RC=C8S =C D AECX;S
ZY'aaa (E@@RSJ CX+RCX=EC@ R+G[XX=EC 4RA@_ +SX@=S;+(' C( X;+ (+\EX+(
@E\+ E0 "E[R8+E[S 8=R@ ]=X; R=CS C( =A8=CX=ECJO
C "XE+R' 7' ;+ ;( R=+0 @[C"; ]=X; E@( 0R=+C(S' AEC8 X;+A
S]+@@' ;=X+' =@E_ C( S8RC(+J NE@( ;=X+ 0RC?@_ A_ EG=C=EC
E[X ;=S [C(+RG=CC=C8 EE?J + +"A+ ";=RAC E0 E=@S EAA=XX++ C(
S[88+SX+( "EEG+RX=EC ]=X; [REG+C EAA=XX++SJ =@E_' ([R=C8 @SX ]++?
0=@+( XE GR+GR+ S+XX@+A+CX XR"=C8S C( 0=@+( XE ";+"? 48[R+S E0 G=@+ R+GERXJ
EA=C@_ @`_' @+XS ;=AS+@0 8E "R+@+SS@_J
\+C=C8 (=CC+R C8=C++RS @[ ]=X; +@`+R' S]+@@' ";A=XX C( X;+
E_SJ GG_' "ER(=@ XAESG;+R+' ]=X; "EX"; C( JJJO ";A=XX S?+( ;=A&
NE[R _+RS =C J ;X R+ _E[R R+"X=ECS S XE A+R="CSMO R@ XE@(
N0RC?@_ E[X +^XRER(=CR_ EG+C A=C(+(C+SS E0 GRE0+SS=EC' E0 "X=\+' =CX+R<
+SX=C8 A+C A+XJ J ";A=XX @=SX+C+( S=@+CX@_JO
R@ RE(+ ]=X; +@X`+RQS "R XE REE?@_CJ N=8CX=" (E"?' "RE](+( ]=X;
G+EG@+J =C+R' @=?+ ;[8+ ;EX+@J S8RC(+' 0=X;0[@@_' XX+C(+( XE 888+J
C A_ REEA' @R8+ @=?+ ;EX+@ REEA' SG+"=@ (+@=\+R_ @+XX+R 0REA =GG+@S?=R";'
@+XX+R E0 =CXRE(["X=EC XE ASS(ER =C ES"E] C( SS[RC"+ E0 ;=S 0R=+C(<
S;=GJ ]E +[X=0[@ @+XX+RS 0REA [X;J 0X+R X;+ "RE]( ;( @+0X' 0ER C ;E[R
]=X; S8RC(+ =C X;+ =CX+R8R(+C X C+R +C( E0 EXJ [RRE[C(+( ]=X;
@[^[R_J @0 (R?' =8' +[X=0[@ 8RE[GS E0 6E]+RS C( G@AS' SA@@ X@+S +<
X]++C X;+AJ GGREGR=X+ S+XX=C8 0ER R+XRESG+"X=\+ "ECX+AG@X=EC E0 X;+ GSX
_+RSJ J R+A=C(+( A+ X;X Y _+RS 8E (E[X+( ];+X;+R ]=@@ SX_J +
;=AS+@0 SX=@@ EC+ _+R 8E' ]S CEX S[R+ E0 0[X[R+J E] ;+ =SJ ;X+\+R ;+
</J <@ F7 P;9 &FT024EG 247$2;;$# ;OL2 9$ 24G ;$ L; FL4& 9$ 2&;FS
+"A+ C( ;+ =S' ;+ E]+S XE A+J [R=C8 @SX _+R' S+@0 "EC4(+C"+ =C"R+S+(J
"@@+( ;=S XX+CX=EC XE ;=S +^G+RXS;=G =C SE=@ X+SX=C8J PE ";C"+ 0ER [S' [C@+SS
]+ R+ (R88+( EC C( [G _ A=8;X=+R SG=R=XSJ ;\+ GSS+( X;RE[8; X;=S
SX8+J E] =X =S +S_J ]=@@ C+\+R 0ER8+X ];X _E[ (=( XE A+ C( 0++@ X;+
(++G+SX 8RX=X[(+ 0ER =XQJ ;=S "EC\+RSX=EC ]S X;+ AESX +[X=0[@ "@ES[R+ E0
0E[R _+RS SXR=\+' SXRX+( S S=C8@+ ;C(+( EC+ -JO
;+C' R@ \EC +R`8;= "ECX=C[+( X;+ (+S"R=GX=EC E0 X;+ =CX+R=ER E0 X;+
SX+A+R ?!1!2 C( @=0+ EC ER(J N=RSX (_ EC ER( +^XR+A+@_ ([@@J ESX@_
JJJ \E_8+RS EC @R8+R S"@+' A["; CE=S+ C( @=XX@+ 8R"+ EC ER(J CX+R=ER
(+"ERX=EC =C GRX \+R_ +[X=0[@J SX SE"=@ ;@@' (R? SAEEX; RE]C @=C=C8
X;RE[8;E[X' @R8+' S=AG@+ S;=C=C8 RSS ERCA+CXS +X]++C REAC' R";+(
]=C(E]SJ AEEX;' RE]C' S@+C(+R "E@[ACS ]=X; RSS SXR=G+SJ CXRC"+ XE
@@REEA EX; S=(+S 0CXSX=" AR=C+ AEX=\+S =C AES="J ^=X 0REA (=C=C8
REEA& XRCSGR+CX "E@[ACS' S=AG@+ "EGG+R C( RSS E@C( SXX[+J +X =A<
GR+SS=EC E0 ;E[S+;E@( [G XE X;+ @=A=X E0 =C"EA+J =0X ;C(@_ 0[C"X=ECSJ
C"ERR+"X =C0ERAX=ECJ E EE?@+XS (+S"R==C8 X;+ EXJ @@+( X 5 GJAJ EC
"GX=CJ =8' 0=R@_ SXE[X' RE[C(<;+(+(' R+(<;=R+( AC ]=X; RES_ ";++?S'
0=R@_ >E\=@J +C+R@ X@?J CSX+( E0 PR+=S+@Q RE@@=C8 XC?S ]=X; E=@ =C =XJ
+R_ +"ECEA="@ A";=C+R_ HSA@@ "ECS[AGX=EC E0 0[+@ E=@' R+"ER(IJJJ S?+(
G+RA=SS=EC 0ER S8RC(+ XE "EA+ JJJ =C (=C=C8 ;@@J G"+ 0ER VUa' X]E
@[C";+S' ";=C REEA' "EAG@+X+@_ GC+@+( ]=X; G@X+S' ;[CX=C8 REEA' GC+@+(
"+=@=C8' ]@@S ]=X; ;[CX=C8 S"+C+S H =((@+ 8+SI G=CX+( EC @=C+CJO
R@ @SE XEE? GRX =C SE"=@ @=0+ EC ER(J N+SX+R(_ "E"?X=@ GRX_ =C
X;+ "GX=C "=CJ EA+ X+C 8+CX@+A+C' \R=E[S (+S"R=GX=EC' AESX@_ =8 =C<
([SXR=@=SXSJ _ C+=8;ER' P8+C+R@ AC8+R E0 EXQ HC+R@_ F'aaa +AG@E_++SI
S=C"+ AC_ _+RS AESX@_ X;+ 0R SXJ E@( XAESG;+R+' CE "EC\+RSX=EC' +\<
+R_E(_ S=XX=C8 SX=3_ =C ;=S ";=RJ _ C+=8;ER' RE[C(;+(+( +RAC' ;+(
E0 S+SXES (=SXR=[X=C8 ER8C=`X=ECJO
R@ [S+( ;=S 0R++ X=A+ +^X+CS=\+@_ 0ER ]ER?=C8 E[X R+GERXS C( 0ER 4C<
=S;=C8 ;=S "ERR+SGEC(+C"+ - C( ;+ X;E[8;X E0X+C E0 [X;J N 0 +\+R +^G+R=<
+C"+( X;+ +[X=0[@ S+CSX=EC E0 S;R=C8 ]=X; ;[AC +=C8 @@ A_ X;E[8;XS
C( 0++@=C8S C( 4C(=C8 G+R0+"X R+SGECS+' =X ]S ]=X; _E[' ([R=C8 @SX X;R++
AECX;SJ =X; _E[' A_ =R(=+' X;+ SXR=C ]S +@=A=CX+( C( @@ A_ @X+SX
"G"=X=+S 0ER +C>E_=C8 @=0+ "+@+RX+( R+S[RR+"X=ECJ ;X+\+R X;+ 0[X[R+ A_
R=C8' C+\+R ]=@@ 0ER8+X X;+ @E\+ ];="; S[RRE[C(+( A+ ([R=C8 X;R++ AECX;S
@=?+ GR+"=E[S XAESG;+R+JO
R([@@_' X;+ ?!1!2 GGRE";+( [REG+J ;+ 4C@ X]E (_S EC ER(
]+R+ 4@@+( ]=X; A[S="' (C"+' C( ER8=+S E0 =CXE^="X=ECJ
C "XE+R Fa' X;+ ?!1!2 RR=\+( =C ;+RE[R8 C( E[X;;AGXECJ
;+ C+^X (_ X;+ SX+A+R GGRE";+( R+A+R;\+CJ [R=C8 X;+ C=8;X X;+R+
;( ++C ;+\_ SXERA C( X;+ ]X+R ]S (=RX_ 8R+_<8R++C C( \+R_ RE[8;J
C R+A+R;\+C X;+_ ]=X+( 0E[R ;E[RS 0ER [RX 8X`' ];E ;( GREA=S+(
XE R+"+=\+ X;+AJ 0X+R \=S=X=C8 X;+ ;RER C( @ X;+_ RE(+ _ "R X X;+=R
E]C +^G+CS+ XE X;+ R=@]_ SXX=ECJ X D GJAJ' X;+_ RR=\+( X R+A+CQS A=C
<@/ 2& 9LF9& L; 4&9& </I
R=@]_ SXX=ECJ ;RE[8; X;+ A=C SXR++X X;+_ "A+ XE X;+ G[@=" G@"+ E0 X;+
"X;+(R@ GSS=C8 (R? ]X+RS - C( \=S=X+( X;+ ?!1!? A+C@/!00!?
J ;+_
@+0X RE[C( Fa GJAJ X X;+ R=@]_ SXX=EC R@ S=( 8EE(<_+ XE S8RC(+'
];E ]CX+( XE 8E (=R+"X@_ XE =+CC' ];+R+S R@ R[S;+( 0ER +R@=C ];+R+
;+ RR=\+( EC X[R(_' "XE+R FZJ + ]S @E(8+( =C X;+ ;EX+@ (+C ];+R+
;+ 0+@X X ;EA+J [R=C8 X;+ C+^X (_S ;+ \=S=X+( S+\+R@ G+EG@+ C( "L[=C<
XC"+S' 0ER +ÂG@+ X;+ S[""+SSER E0 RE0+SSER R+_ C( RE0+SSER \EC =S+SJ
R+_QS S[""+SSER S++A+( XE + 0=@[R+J =X; =";R( \EC =S+S' NRE0+SSER
X X;+ C=\+RS=X_' GREA=C+CX AX;+AX="=C' C( "ECCE=SS+[R E0 X;+ RXS'O ;+
;( (=CC+RJ + XE@( R@ X;X \EC RA
C ;( 8EXX+C GES=X=EC X @X+"
=C S(+C' @=0ERC=' ];+R+ ;+ ]S ]ER?=C8 0ER "ECS=(+R@+ X=A+ ]=X;
8R+X S[""+SS =C X;+ 4+@( E0 A+";C="SJ
C [C(_ AERC=C8' R@ \EC +R`8;= \=S=X+( C RX +^;==X=EC ]=X;
GR=CXSJ + ]S =AGR+SS+( _ X;+ 0"S=A=@+ E0 [8[=CQS 4 4J C X;+
0X+RCEEC ;+ ]+CX XE X;+ X=EC@ @@+R_J NG@+C(=( ) E"?@=CS - R=+(R="; -
R";X' R=+J ;+ E@( 0R=+C(SJO
;ERX@_ +0ER+ ;=S (+GRX[R+ 0ER [REG+ R@ \EC +R`8;= ;( ++C S?+(
_ X;+ E\=+X E\+RCA+CX XE GR+GR+ C +^G+RX EG=C=EC EC @E"?S [=@X ]=X;=C
X;+ E@8<EC<C@ GRE>+"XJ + 8R++( =AA+(=X+@_J + @+0X +R@=C EC "XE<
+R F7' X FF GJAJ' ]=X; EC+ E0 X;+ =RG@C+S E0 X;+ [0X CS ""EAGC=+(
_ X;+ 4CC"+ XX";+ E0 X;+ E\=+X ASS_J N;+ "=C E0 X;+ G@C+ R+<
S+A@+( X;+ =CX+R=ER E0 C E@(<0S;=EC+(' ]ERCE[X [XE[S' X;+ S+XS "RE](+(
XE8+X;+R C( X;+ S@++G=C8 0"=@=X=+S ]+R+ @=A=X+( XE +@X RRC8+A+CX' XE
+ 0SX+C+( RE[C( X;+ ]=SXJO ;+ CE"X[RC@ 6=8;X ]S SEA+X;=C8 A8C=0<
="+CXJ +R@=C 8R([@@_ X[RC+( =CXE (R? "RG+X' "E\+R+( ]=X; A=@@=ECS E0
@=8;XSJ X E[X Y GJAJ X;+ G@C+ ;( XE A?+ SXEG<E\+R =C ) EC=8S+R8J
GR=A=X=\+ R+SX[RCX S+R\+( EC X;+ +RE(REA+ S S;+@X+R' R+A=C(=C8 EC+ E0
X;+ N";[X`;) [XX+CO =C X;+ @GSJ N C ) EC=8S+R8 ]+ ;( XE ]=X [CX=@ S[C<
R=S+' +"[S+ +_EC( ) EC=8S+R8 X;+ RE[X+ =S CE @EC8+R SX?+( E[X ]=X; @=8;X
S=8C@SJO @0 C ;E[R 0X+R X;+_ ;( SXRX+( 8=C X;+ G@C+ "A+ =CXE
;+\_ SXERA' X;+ AESX \=E@+CX R@ ;( +\+R +^G+R=+C"+( =C X;+ =RJ =X;=C
S;ERX X=A+' X;+ SXEA";+S E0 AESX E0 X;+ GSS+C8+RS N]+R+ +CX=R+@_ +AGX_J
C C8@=S;AC S[1+R+( ;+RX XX"? C( @EE?+( S =0 ;+ ]S 8E=C8 XE (=+ JJJ
A_S+@0 R+A=C+( [C1+"X+( A+R+@_ EC ""E[CX E0 X;+ +CX;[S=SA (+R=\+(
0REA ES+R\=C8 X;+ S?=@0[@ ACE+[\R=C8 E0 X;+ G=@EX JJJ +\+RX;+@+SS' 0+@X
8R+X@_ R+@=+\+( ];+C =8 GG+R+( EC X;+ ;ER=ÈCJO R@ SX_+( ]=X; ;=S
E\=+X "EAGC=EC =C X;+ EX+@ +XREGE@' =C X;+ SA+ EC+ ;+ ;( SX_+( =C =C
FDFF' ];+C ;+ ]S ]ER?=C8 =C =8' NEC"+ X;+ S"+C+ E0 ;=8; @=0+' C( CE] S
L[=+X S "+A+X+R_ 0X+R 0[C+R@JO ESX E0 X;+ X=A+' ;+ ]=X+( X X;+ +RE<
(REA+ +^G+"X=C8 +XX+R ]+X;+RJ C "XE+R FU' X;+_ ;( XE A?+ [G X;+=R
A=C( XE XR\+@ XE ES"E] _ R=@RE(J X X;+ [SS=C ER(+R @@ X;+=R (E"<
[A+CXS ]+R+ "R+0[@@_ S"R[X=C=`+( C( X;+ C+]SGG+R' ];="; R@ ;( X?+C
]=X; ;=A 0REA =8' ]S GRX@_ "EC4S"X+(J ;+ [SS=C XR=CS ]+R+ =C (

8;OG ;7$ Q49& &77F Q4L2 ;77&L4;9 ;) &R&77&9L Q49&G
</' <@ F7 P;9 &FT024EG 247$2;;$# ;OL2 9$ 24G ;$ L; FL4& 9$ 2&;FS
S;G+J NE];+R+' +^"+GX =C X;+ R+AEX+R GRXS E0 X;+ @?CS' C( E0 CXE<
@=' ;\+ S++C XR=CS =C S["; SXX+ E0 C+8@+"XJO ;+ \R=E[S XR=C<SXX=ECS
]+R+ @AESX N"RE](+( ]=X; G+SCXS C( +88RS C( ]EA+C ]=X; =+S'
X;+ 0"+S G@+ C( ;88R(' CE ;XS' CE ];=X+ "E@@RS' X;+ (R+SS+S AESX@_ XERC
C( (=RX_JO ;+ "RE]( NS++A+( XE ;\+ +S"G+( 0REA ER?=QS C=8;X S_@[AJO
REA ES"E] ;+ RE(+ XE X;+ "ECSXR["X=EC S=X+ E0 X;+ G@CC+( ";CC+@J
;+ [SS=CS G@CC+( XE [=@( X;+ ";CC+@ ]=X;=C X;+ C+^X %D!,G!? 602J
=C+ @E"?S ]+R+ C++(+( EC X;+ E@8 S=(+ C( X;R++ EC X;+ EC (+S"+CXJ ;+
8+C+RE[S +^G+R=A+CXS' ];="; X;+ E\=+X<E\+RCA+CX ;( "EAA=SS=EC+( EC
X;+ G@X+[ +X]++C EC C( E@8' 8\+ X;+ ;=CX 0ER SX[(_ _ R@ \EC
+R`8;= E[X X;+ >[(8+A+CX E0 X;+ 4@XRX=EC @ESX =C ";CC+@SJ
;+ E\=+XS (=( CEX ;+S=XX+' @"?=C8 X;+=R E]C +^G+R=+C"+( +C8=C++RS' XE
;=R+ X;+ +SX +^G+RXS =C X;+ ]ER@( X 8R+X "ESX - C( R@ \EC +R`8;= "A+
"? XE [SS= X;+ C+^X _+RJ
R@ \EC +R`8;= ]S GGE=CX+( EJ E)J RE0+SSER H0[@@ GRE0+SSERI EC E\+A<
+R F' FDZDJ
C =+CC' @EX E0 ]ER? ]=X+( R@ \EC +R`8;=J + ;( XE S+X [G X;+
";=R E0 _(R[@="S ' XE GR+GR+ ;=S @+"X[R+S C( XE =CSX@@ X;+ (+\="+S 0ER
;=S +^G+R=A+CXSJ RX;[R S8RC(+ ]S 8R+X ;+@G XE ;=A' S ;+ XEE? E\+R
@AESX @@ X;+ "[A+RSEA+ ]ER? E0 +L[=GG=C8 X;+ @J E]+\+R' (+SG=X+ ;=S
GRE0+SS=EC@ ]ER? ;+ 0E[C( X;+ @+=S[R+ X=A+ XE R+"+=\+ C( \=S=X E@( 0R=+C(S'
@=?+ =``= +RA_+R C( =@(+ +S@=";J =@(+ +S@=";' ]=X; X;+ A=(+C CA+
E0 R_' ]S C RX=SXJ R@ A+CX=EC+( =C @+XX+R XE ;=S AEX;+R X;X =@(+
A=8;X R+"+=\+ C E1+R 0ER X;+ (+"ERX=EC E0 ";[R";+S =C X;+ [;R R+ =C
+RAC_J +S=(+S' =@(+ R_ H;+R RX=SXS CA+I @X+R S;G+( [SX E0 R@
\EC +R`8;=J
+SG=X+ @@ E0 ;=S "X=\=X=+S' R@ \+R_ E0X+C R+"@@+( X;+ 8EE( X=A+ ;+ ;(
SG+CX ]=X; [X; X;+ @SX AECX;S +0ER+ ;=S (+GRX[R+ XE [REG+J =S (+S=R+
0ER [X; 8R+] SX+(=@_ C(' 4C@@_' ;+ (+"=(+( XE ARR_ ;+RJ N _ S[""+SS =C
A_ G[@=" "R++R S;E[@( R=C8 [G @SE S[""+SS =C A_ G[R+@_ ;[AC R+@X=ECS
C( +@=+\+ XE ?CE] A_ "EA=C8 ]=0+ >[SX +CE[8; =C ER(+R XE + S[R+ X;X A_
+^G+"XX=ECS ]=@@ + 0[@4@@+(JO E]+\+R' =X ]S CEX SE +S_ XE G+R0ERA ;=S G@CJ
[X; E88+XX ]S SX=@@ E""[G=+( C( [S_ =C ESXECJ ;+R+0ER+ R@ (+"=(+(
XE ARR_ ;+R _ GRE^_J N0X+R +C(@+SS_ R[CC=C8 E[X 0REA E2"+ XE E2"+ =C
=+CC C( X+@+8RG;=" "EAA[C="X=EC ]=X; AR=(8+ ;\+ "E@@+"X+( @@
X;+ (E"[A+CXS C++(+( 0ER X;+ ARR=8+JO + ARR=+( [X; EC EC(_'
[C+
Z' FDYaJ RSJ EXX+ +S?=]+R "X+( EC +;@0 E0 ;=S 4C"++J RE[C( X;=S X=A+
[X; ]S @R+(_ EC ;+R ]_ XE [REG+ 0X+R S;+ ;( R+"+=\+( ;+R (E"XERQS
(+8R++J ;+ +AR?+( =C +] ER? EC _ Ya C( RR=\+( =C R+A+R;\+C
EC
[C+ 5' C( EC X;+ C+^X (_ =C =+CCJ
C X;+ S[AA+R E0 FDYa R@ ]S S?+( _ X;+ ]+(=S; +C8=C++R=C8 "EA<
GC_' XX+C_88C(S<_RC E0 XE"?;E@A' XE R+X[RC XE [SS=J C
[@_ ZF'
FDYa' ;+ XR\+@@+( ]=X; [X; \= +R@=C XE XE"?;E@AJ [R=C8 X;+ C+^X (_S
X;+_ (=( @EX E0 S=8;X<S++=C8J C
[@_ Ya' =C X;+ +\+C=C8' X;+_ ;+(+( XE
<@/ 2& 9LF9& L; 4&9& </:
FF40& 99;O9&8&9L
+@S=C80ERS ]=X; SX+A+RJ C X;+ C+^X (_ X Y GJAJ X;+_ ]+R+ R+"+=\+(
=C +C=C8R( HXJ +X+RS[R8IJ R@ ]S \+R_ G@+S+( XE S++ @@ X;+ GE=CXS E0
=CX+R+SX =C +C=C8R( ];="; ;+ ]S 0A=@=R ]=X; 0REA ;=S 4RSX SX_ =C X;=S
+^"=X=C8 XE]C =C FDFFJ C X;+ A=((@+ E0 [8[SX' FDYa' X;+_ RR=\+( X "EC<
SXR["X=EC S=X+ EC X;+ ]=R =\+R' +X]++C X;+ (E8 C( X;+ C+8 +S'
];+R+ ;+ SG+CX S+\+R@ ]++?SJ R@ ;( XE +Â=C+ X;+ 0E[C(X=EC E0 @R8+
R+S+R\E=R EC A=8;X_ @_+R E0 SX=1 "@_ ]=X; X;=C' G@SX=" =CX+RA+(=X+ @_+RS
C( +A+((+( SC( ]=X; RX+S=C ]X+RJ ;=S ]S 8EE( EGGERX[C=X_ XE
"EAGR+ X;+ "@"[@X+( S+XX@+A+CXS ]=X; ES+R\X=ECSJ + 4C=S;+( ;=S ]ER?
EC [8[SX F5J
+^X ;+ ]S S?+( _ X;+ E\=+X E\+RCA+CX XE +Â=C+ C +RX; (A =C
ER=?[' SE[X; E0 ES"E]' ];="; ]S [C(+R "ECSXR["X=EC' @EC8 ]=X; SEA+
(A GRE>+"XS =C X;+ =AA+CS+ "C_ECS E0 X;+ [@? =\+R =C X;+ +SX+RC GRX
E0 X;+ ["S[S E[CX=CS C( C =CX+R+SX=C8 ;_(R[@=" GE]+R GRE>+"X =C X;+
RA+C=C ;=8;@C(J
= ES"E]' \EC +R`8;=S R+X[RC+( XE +C=C8R( ];+R+ R@ 0ERA[@X+(
;=S R+GERX C( ER8C=`+( A++X=C8S XE (=S"[SS X;+ GRE@+AS E0 X;+ \R=E[S 0E[C<
(X=EC ]ER?SJ ER+E\+R' ;+ [S+( X;+ EGGERX[C=X_ XE 8E XE XE"?;E@A' ];+R+
X;+ YJ CX+RCX=EC@ EC8R+SS 0ER GG@=+( +";C="S ]S XE X?+ G@"+ =C X;+
R@=A+CX E[S+J ;+ EC8R+SS ]S EG+C+( EC [8[SX Z5J N C X;+ +\+C=C8'
CL[+X =C X;+ AR\+@@E[S A++X=C8 ;@@ E0 X;+ A[C="=G@ ;E[S+J RE[C( Za
ER Ya A+X+RS ;=8;' 6E]+RS' ";AG8C+' ]@@S "E\+R+( ]=X; AES="SJ +=@=C8
;=8; E\+ X;+ 0+SX=\+ X@+SJ @E[R=S; E0 XR[AG+XS CCE[C"=C8 X;+ SG++";+SJO
R@ \EC +R`8;= A+X AC_ E@( 0R=+C(S C( 0AE[S S"=+CX=SXS' +J8J +SX+R<
<-U <@ F7 P;9 &FT024EG 247$2;;$# ;OL2 9$ 24G ;$ L; FL4& 9$ 2&;FS
=47&37;$ L&GL# ;LL&F$8# <:MU
8R(' \EC RA C C( +@@+C=[SJ C R=(_' [8[SX ZD - X;+ @SX (_ E0 X;+
"EC0+R+C"+ - ;+ 8\+ ;=S X@? =C X;+ R@=A+CX E[S+ =C 0RECX E0 C [(=+C"+
E0 C+R@_ 5a S"=+CX=SXSJ "ECXR=[X=EC EC ;=S GRX =S CEX "ECX=C+( =C X;+
GRE"++(=C8ST A_+ ;+ (=( CEX S+C( =C GG+RJ
0X+R 4C=S;=C8 SEA+ R+GERXS =C XE"?;E@A ;+ R+X[RC+(' XE8+X;+R ]=X;
[X;' XE +C=C8R(' ];+R+ X;+_ SX_+( 0ER S+\+R@ (_S' +0ER+ ;+(=C8 0ER
=6=SJ ;+_ RR=\+( X;+R+ EC +GX+A+R ZF C( R@ ]S \+R_ [S_ ]=X;
"ECS[@X=C8 ]ER? E\+R X;+ C+^X (_SJ
C "XE+R ,' =C X;+ +\+C=C8' X;+_ SXEGG+( E\+R =C ECSXCX=CEG@+ 0X+R
@EC8 R=(+ C(' 4C@@_' R+X[RC+( XE =+CCJ
C X;+ S[AA+R E0 FDYF' R@ ]S "@@+( XE ERX; 0R=" _ 4RA 0REA
=@C =C ER(+R XE SX[(_ A+X;E(S 0ER A?=C8 X;+ 0E[C(X=EC E0 5a<A+X+R<
;=8; (A S0+RJ C [8[SX 7' =C X;+ +\+C=C8' ;+ (+GRX+( 0REA =+CCJ +
SX_+( 0ER X;R++ ;E[RS =C +C="+ C( X;+C RE(+ XE =@C' ];+R+ ;+ A+X ]=X;
RJ E(=E' ];E R+A=C+( 0R=+C( E0 R@ 0ER @EC8 X=A+J = +CE C(
E[@E[S+ ;+ A(+ ;=S ]_ XE RS+=@@+ ];+R+ ;+ +AR?+( 0ER ERX; 0R="J
C [8[SX FF ;+ RR=\+( X RC C( EC [8[SX FY' =C X;+ @X+ 0X+RCEEC' X
;=S (+SX=CX=EC' E[ C=4J + SX_+( X;+R+ [CX=@ +GX+A+R Y' FDYF' C(
R+X[RC+( X;+C XE =+CCJ
R@ \EC +R`8;= ]S X;=C?=C8 E[X R+X[RC=C8 XE X;+ =C FDYFJ +
]REX+ XE X;+ R+CE]C+( "=\=@ +C8=C++R `R[S ;=X+ ];E RRC8+( "ECX"XS
<@/ 2& 9LF9& L; 4&9& <-<
&294G2& ;2G2O7& 49 4&99
]=X; +C ?+R 0REA E@[A=' +] ER?' "EC"+RC=C8 GES=X=EC 0ER \EC
+R`8;=J GEC C E1+R E0 +C ?+R' R@ GG@=+( 0[@@ X=A+ R+S+R";
GRE0+SSERS;=GJ ;+ R+G@_ E0 E@[A= =S CEX ?CE]CJ E]+\+R' ;=S GG@="X=EC
E\=E[S@_ 0=@+(' +"[S+ \EC +R`8;= SX_+( =C =+CC [CX=@ FDY,J
;+ _+R FDYZ ]S CEX \+R_ GRE(["X=\+ EC+J R@ \EC +R`8;= SG+CX
AESX E0 X;+ S+A+SX+R \"X=EC =C ERX; 0R=" - E[ C=4' C8+R' +` -
X X;+ =\=+R H EC"EI C( =C X;+ E@EA=X+S HERX=CIJ C E[ C=4' ;+
"ECX=C[+( ;=S "ECS[@X=C8 ]ER? C( =C X;+ E@EA=X+S ;+ R+@^+( ]=X; ;=?=C8
C( "@=A=C8J ;+ XE[RS ]+R+ (C8+RE[S =C GRX C( "E[@( EC@_ + G+R0ERA+(
]=X; X;+ S[GGERX E0 AE[CX=C 8[=(+J
X X;+ +8=CC=C8 E0 X;+ ]=CX+R S+A+SX+R FDYZWYY \EC +R`8;= R+(["+( ;=S
"ECS[@X=C8 ]ER?J NXR+C[E[S ]ER? EC GG+R 0ER X;+ +"EC( ER@( E]+R EC<
0+R+C"+J +] =CS=8;XS' 0ERA[@X=C8 E0 X;+ X+RA P[XS";C+=8[C8QJO ER+E\+R'
;+ AC8+( XE XX+C( E[C( @+ EC0+R+C"+ E0 X;+ +8+E
=C R+=+R8'
ÊC_' +RAC_J R@ \EC +R`8;= ]S CEX SX=S4+( ]=X; X;+ "EC0+R+C"+' =C
GRX="[@R ]=X; X;+ GEER ER8C=`X=EC E0 X;+ SE"=+X_J N@R+(_ =C X;+ +\+C=C8
;( =C A=C( XE ER8C=`+ +8+E C( XE R+G@"+ R) [; HX;+ ";=RAC' X;+
[X;ERI ]=X; EES H;=S 0ERA+R SS=SXCX' X;+ [X;ERIJ JJJ EES =S +CX;[S=SX="
E[X X;+ =(+JO

&OLG2& ;FG2O90G0&G&77G2)L )%
OF ;$&98&2946 >&F89 &G&F2 ;4&LS
);F ;47 &294G?
<-N <@ F7 P;9 &FT024EG 247$2;;$# ;OL2 9$ 24G ;$ L; FL4& 9$ 2&;FS
F7 9$ OL2 P;9 &FT024 Q4L2 49GL4LOL& GL*# <:MN@
R([@@_ ;+ R+X[RC+( XE S"=+CX=4" L[+SX=ECS' =C GRX="[@R' XE X;+ [G@=0X

GRE@+A' ];="; ;( ++C C =SS[+ S=C"+ X;+ X[RC E0 X;+ "+CX[R_J C( =C X;=S
"ECC+"X=EC ;+ A+CX=EC+( X;+ CA+ =@@[C8+R 0ER X;+ 4RSX X=A+' ";=R;E@(+R E0
+";C="@ +";C="S X X;+ +";C=S";+ E";S";[@+ E0 =+CCJ C +"+A+R
Fa' R@ \EC +R`8;= CEX+( =C ;=S (=R_& N=C@@_' =C\+SX=8X=ECS EC [G@=0X EC
RR8+S - [CG@+SCX (=S"[SS=ECS ]=X; =@@[C8+R' ];E ]CXS XE + GR=S+(
C( S[GGERX+( ;=S ]?]R( C( [CR+@=SX=" X;+ER_ C( SXEGS X CEX;=C8 =C
ER(+R XE (=S8[=S+ ES"[R=X=+S C( 0@S+ "EC"@[S=ECSJ ER? EC X;+ "EAG@+X=EC
E0 A_ ]ER? ]=X;E[X >E_JO
R@ \EC +R`8;=QS (=S8R++A+CX ]=X; [@ =@@[C8+RQS R+S[@XS "EC"+RC=C8
X;+ [G@=0X G;+CEA+CEC ]E[@( +"EA+ X;+ REEX E0 EC+ E0 X;+ ;+\=+SX C(
=XX+R+SX (=SG[X+S C( =88+SX S"C(@S =C S"=+C"+ ;=SXER_ - ]=X; \+R_ S(
+C(=C8J

Chap 1. Childhood

Uploaded by

Document Information

Original Description:

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

Chap 1. Childhood

Uploaded by

Copyright:

Available Formats

$& * 1#"

*5)+  ## #0- "

$&$  ##

R@ \EC +R`8;= ]S  (+S"+C(CX E0  @EC8 @=C+ E0 [SXR=C GRE0+SS=EC@

2& OGLF;3O90F49 8;9F2S L L2& L48& ;) &FT024EG 4FL2 9$ S;OL2@

F7EG 4FL2=7& 49 F0O&

F9$)L2&F F7 &F7&EG 2;OG& 49 FT@

F7EG )L2&F" F7EG 8;L2&F"

F7 G  L;$$7&F# F;O9$ <''J

F7 Q4L2 8;L2&F# 77 9$

F7 L 0& </

F7EG G2;;7 F&=;FL )F;8 L2& JL2 7GG

SX[(=+( =CX+CS=\+@_ X;+ EE?S R+"EAA+C(+( _ ;=S X+";+R' =C GRX="[@R R<

$&/ ' -0*! 0" *"(

&294G2& ;2G2O7& 49 FT

&294G2& ;2G2O7& 49 FT 9$ 0F9$)L2&FEG 2;OG&

]=X; 0+] 0"[@X=+S& +C8=C++R=C8' A+";C="@ +C8=C++R=C8' ";+A="@ X+";CE@E8_'

F7 G  S;O90 GLO$&9L# <:UU@

GRX="[@R' XE X;+ ]ER?S E0 +";XC+RJ ER+E\+R' ;+ R+6+"X+( EC =C(+C+R8QS

;F=G=2474GL&F 4G 9 7O89OG >7L&F &FF? ;) L2& ;F=G# Q2&F&S ;F=G $&9;L&G

R@ GREA=S+( XE ]R=X+  GRE0E[C( RX="@+ EC EAG+==J E]+\+R =X S++AS X;X

@_ (E]C =C C +^X+C(+( RX="@+& N;+ [C=\+RS+ S ]+@@ S +\+R_X;=C8 =C =X'

;+ =AA+(=X+@_ 8EX  "ECS=(+R@+ L[RX EC ;=S ;+( =C X;+ 4RSX "E[RS+J

=+CC 0X+R SE@\=C8 X;+ D40C2A?G,G!? =C ER(+R XE SX[(_ CX[R@ S"=+C"+J

R+0"+ R@ \EC +R`8;= R+AR?+(& N;+ CX[R@ S"=+CX=4" ";=+\+A+CXS

F7 P;9 &FT024 ><:UI? L 0& NM

F7 P;9 &FT024 L 0& NM

&8&FG ;) L2& )847S S7;*# )F;8 L2& F402L"

+R GR+CXS R=+(+R=[S AC[+@@ +@=^ _@E1 C( XR=C

C +GX+A+R FF' ;+ R[S;+( 0ER =8' N X;+ [R+A+R8 E0 [SS=JO + ]S

+RS+_ HEE?+CI EC [+S(_' +R[R_ ZUJ N @EE(<R+( S[CS+X' +A+R@(

S @R+(_ (=S"[SS+( ]=X; ;=S 8RC(0X;+R =C R`' @8 "A+ XE +]

+ @+0X S;=C8XEC EC R=(_' _ FU' C( ;+(+( \= X@CX 0ER

ES+R\+( _+@@E] "E@[ACS E0 SC( E0 GGRE^=AX+@_ X+C XE 40X++C A+X+RS =C

F7 P;9 &FT024# ;2&77 77&S#

8+CX@+A+CQS [S=C+SS ]S SE A+8+R X;X ;+ "E[@( CEX 1ER( C SS=SXCXJ C

=C ES C8+@+SJ C  4RSX (R0X E0  @+XX+R XE RE0+SSER =XX+C[+R ;+ "EA<

F7 P;9 &FT024 F7 P;9 &FT024

2& FF&GL&$ GGGG49 PF47; F49!4=

&F7&OL99L F7 P;9 &FT024# <:<J

+&F F7 P;9 &FT024# <:<J

F7 P;9 &FT024 L L2& 4F,&7$ 49 G=&F9

;\+  (+"=S=\+ =C6[+C"+ EC AX;+AX="S' A+";C="S C( +C8=C++R=C8 =C X;+

$&  "-*" -# "

F7 P;9 &FT024 F;O9$ <:<J

X;+ GR+(+SX=C+( S[""+SSER E0 E0RX ER";;+=A+R'  _E[C8 +C8=C++R' ]=X+(

[RX;+RAER+ ;+ R+AR?+( =C ;=S [XE=E8RG;_& N C X;+ 0E@@E]=C8 X]E

C [8[SX' FDFU' ;+ ]S R+A=C(+( E0 ;=S +\+CX0[@ "R++RJ C X;ES+ (_S ;+

;9 &FT024EG &FL2 =F&GGOF& L&GL 49 ;9GL9L49;=7&# <:<:@

]ER@(J + ]S CEX ]+?<]=@@+(' X;E[8;' ;+ S++AS XE ;\+ C [C"+RX=C 0++@=C8

X X;+ +C( E0 +GX+A+R' R@ \EC +R`8;= XR\+@@+( "? XE =+CC'

70 P;9 &FT024 ><:<J?

GRE@+AS E0 SX[RX+( SE=@ST 0ER +^AG@+' ;+ X;E[8;X E[X X;+ G+RA+=@=X_

70 9$ F7 P;9 &FT024 49 ;9GL9L49;=7&

94&9L ;9G;74$;8&L&F >%

E0 FDZD RX;[R S8RC(+ \=S=X+( X;+ !?@C+@2@A0A J + N]S 8R+X@_ =A<

"ECS=SX AESX@_ E0  (+S"R=GX=EC E0 X;+ G;+CEA+C' ]=X; @=XX@+ A+";C="S C(

70 9$ F7 P;9 &FT024

4RSX XE =CX+R+SX X;+ A+R="C 8E\+RCA+CX =C =CSX@@=C8  @R8+ @ERXER_ C(

&F P;9 &FT024

;9 &FT024EG L&GL F&GO7LG ;) 7;$&$ GLOFL&$ 7S# <:NM

F7 P;9 &FT024 49 L2& 7

F9T O2LS# 70# 9$ &F 49 L2& <:MUG

$& * 1#"

*5)+ ## #0- "

$&$ ##

R@ \EC +R`8;= ]S (+S"+C(CX E0 @EC8 @=C+ E0 [SXR=C GRE0+SS=EC@

2& OGLF;3O90F49 8;9F2S L L2& L48& ;) &FT024EG 4FL2 9$ S;OL2@

F7EG 4FL2=7& 49 F0O&

F9$)L2&F F7 &F7&EG 2;OG& 49 FT@

F7EG )L2&F" F7EG 8;L2&F"

F7 G L;$$7&F# F;O9$ <''J

F7 Q4L2 8;L2&F# 77 9$

F7 L 0& </

F7EG G2;;7 F&=;FL )F;8 L2& JL2 7GG

SX[(=+( =CX+CS=\+@_ X;+ EE?S R+"EAA+C(+( _ ;=S X+";+R' =C GRX="[@R R<

$&/ '-0! 0" "(

&294G2& ;2G2O7& 49 FT

&294G2& ;2G2O7& 49 FT 9$ 0F9$)L2&FEG 2;OG&

]=X; 0+] 0"[@X=+S& +C8=C++R=C8' A+";C="@ +C8=C++R=C8' ";+A="@ X+";CE@E8_'

F7 G S;O90 GLO$&9L# <:UU@

GRX="[@R' XE X;+ ]ER?S E0 +";XC+RJ ER+E\+R' ;+ R+6+"X+( EC =C(+C+R8QS

;F=G=2474GL&F 4G 9 7O89OG >7L&F &FF? ;) L2& ;F=G# Q2&F&S ;F=G $&9;L&G

R@ GREA=S+( XE ]R=X+ GRE0E[C( RX="@+ EC EAG+==J E]+\+R =X S++AS X;X

@_ (E]C =C C +^X+C(+( RX="@+& N;+ [C=\+RS+ S ]+@@ S +\+R_X;=C8 =C =X'

;+ =AA+(=X+@_ 8EX "ECS=(+R@+ L[RX EC ;=S ;+( =C X;+ 4RSX "E[RS+J

=+CC 0X+R SE@\=C8 X;+ D40C2A?G,G!? =C ER(+R XE SX[(_ CX[R@ S"=+C"+J

R+0"+ R@ \EC +R`8;= R+AR?+(& N;+ CX[R@ S"=+CX=4" ";=+\+A+CXS

F7 P;9 &FT024 ><:UI? L 0& NM

F7 P;9 &FT024 L 0& NM

&8&FG ;) L2& )847S S7;*# )F;8 L2& F402L"

+R GR+CXS R=+(+R=[S AC[+@@ +@=^ _@E1 C( XR=C

C +GX+A+R FF' ;+ R[S;+( 0ER =8' N X;+ [R+A+R8 E0 [SS=JO + ]S

+RS+_ HEE?+CI EC [+S(_' +R[R_ ZUJ N @EE(<R+( S[CS+X' +A+R@(

S @R+(_ (=S"[SS+( ]=X; ;=S 8RC(0X;+R =C R`' @8 "A+ XE +]

+ @+0X S;=C8XEC EC R=(_' _ FU' C( ;+(+( \= X@CX 0ER

ES+R\+( _+@@E] "E@[ACS E0 SC( E0 GGRE^=AX+@_ X+C XE 40X++C A+X+RS =C

F7 P;9 &FT024# ;2&77 77&S#

8+CX@+A+CQS [S=C+SS ]S SE A+8+R X;X ;+ "E[@( CEX 1ER( C SS=SXCXJ C

=C ES C8+@+SJ C 4RSX (R0X E0 @+XX+R XE RE0+SSER =XX+C[+R ;+ "EA<

F7 P;9 &FT024 F7 P;9 &FT024

2& FF&GL&$ GGGG49 PF47; F49!4=

&F7&OL99L F7 P;9 &FT024# <:<J

+&F F7 P;9 &FT024# <:<J

F7 P;9 &FT024 L L2& 4F,&7$ 49 G=&F9

;\+ (+"=S=\+ =C6[+C"+ EC AX;+AX="S' A+";C="S C( +C8=C++R=C8 =C X;+

$& "-*" -# "

F7 P;9 &FT024 F;O9$ <:<J

X;+ GR+(+SX=C+( S[""+SSER E0 E0RX ER";;+=A+R' _E[C8 +C8=C++R' ]=X+(

[RX;+RAER+ ;+ R+AR?+( =C ;=S [XE=E8RG;_& N C X;+ 0E@@E]=C8 X]E

C [8[SX' FDFU' ;+ ]S R+A=C(+( E0 ;=S +\+CX0[@ "R++RJ C X;ES+ (_S ;+

;9 &FT024EG &FL2 =F&GGOF& L&GL 49 ;9GL9L49;=7&# <:<:@

]ER@(J + ]S CEX ]+?<]=@@+(' X;E[8;' ;+ S++AS XE ;\+ C [C"+RX=C 0++@=C8

X X;+ +C( E0 +GX+A+R' R@ \EC +R`8;= XR\+@@+( "? XE =+CC'

70 P;9 &FT024 ><:<J?

GRE@+AS E0 SX[RX+( SE=@ST 0ER +^AG@+' ;+ X;E[8;X E[X X;+ G+RA+=@=X_

70 9$ F7 P;9 &FT024 49 ;9GL9L49;=7&

94&9L ;9G;74$;8&L&F >%

E0 FDZD RX;[R S8RC(+ \=S=X+( X;+ !?@C+@2@A0A J + N]S 8R+X@_ =A<

"ECS=SX AESX@_ E0 (+S"R=GX=EC E0 X;+ G;+CEA+C' ]=X; @=XX@+ A+";C="S C(

70 9$ F7 P;9 &FT024

4RSX XE =CX+R+SX X;+ A+R="C 8E\+RCA+CX =C =CSX@@=C8 @R8+ @ERXER_ C(

&F P;9 &FT024

;9 &FT024EG L&GL F&GO7LG ;) 7;$&$ GLOFL&$ 7S# <:NM

F7 P;9 &FT024 49 L2& 7

F9T O2LS# 70# 9$ &F 49 L2& <:MUG

;9 &FT024EG ,FGL ;;6 ;9 G;47 8&294G

F@ L&29@ F7 P;9 &FT04 49 &7)L# =F47 N/# <:N/

8;= ]S E\=E[S@_ CEA=CX+( _ RE0+SSER ER";;+=A+R' X;+ +^"+@@+CX +^G+RX

?++C@_ ES+R\+ 8+EA+";C="@ GRE@+AS' ;+ ]S @+ XE (+S"R=+ X;+ A+";C<

A+";C="S HR([A+";C=?I C( @X+R SE=@ A+";C="S HE(+CA+";C=?I HS++

=C @=A=X (+S=8C X;+ER=+S H]=X;=C G@SX="=X_ X;+ER_I S X;+ /-2!1A- 1!A+4'

\=E[S@_' E@XAC (=( CEX "ECX=C[+ ;=S =CX+R+SX=C8 SX[(=+S EC GERE[S

];+C ;+ R+AR?+( =C @+XX+R XE

;=S [(=+C"+' @=?+ =CX+RR[GX=C8 C( "EC0[S=C8 ;=S EGGEC+CX' E\+RS[X=@=`=C8

0ER X;+ 2C+ !? 6+G@-/0-@+!2 C2 A!+2-@+!2 !+2-/ HC(EE?

F7 P;9 &FT024 L

F7 P;9 &FT024 L6490 =4LOF&G

C( A_ E(? S@=GG+( E1 E0 A_ RA C( SXRX+( XE S]=AJ E@@E]+( E[X+R

0ER +@EC8=C8 XE X;+ _6E]+R E"=+X_' "EAGES+( E0 [C"; E0 "ECS+R\X=\+'

OL2 ;00&LL >P;9 &FT024?

SXX+ E0 S[RGR=S+ C( GESXGEC+( R+"X=ECJ CX+C(+( XE [S+ =X S A+CS XE

=47&37;$ L&GL# ;LL&F$8# <:MU