Download as pdf or txt
Download as pdf or txt
You are on page 1of 54



   
          
! #"%$&'(*),-/+ 0 . '
1243675 8:9;8<9;7>=?3@8BADCE8=6FHGJI67EKL8MONPFQ7SRUTV7>=WRUFXRZYB7@[]R^\ 8T6MBKQR_I67
`aGcbDRUFdR#3@KQR>`e7>5 F
I689;8OI67>fJ8gI67_hM6fJ7EKiNkjl7EKk=B8M6GcfcfcGnm
1poq7>FHTBKL7>rs8MONPFQ7Z8g7utv7>Gw3@8gI68gC>GcFxRUfcyWR^9;7>=?3@8;7@[6GcFk3@7>=?3@7=WRUFdFQ7{C^z 8<\ 7>F43@KQRU=6Fk`D7EKiN
FxRUGcFSI67|MB9}R;`aGcbDR~7E9 YB7@[]R^\ 8Bmg€R^KQR}Gc=BC>fcM6GJK_7>FHFQ7|7utv7>Gw3@8BA]CE8=6FHGJI67EKQRNPFQ7g8
9;8OI67>fJ8I67‚`aGcbDR:I67ZƒdGJ9;8FHyB7>=B„<8Bm
12…IaG†tv7EKL7>=Cz Rˆ‡
RU5 FHGJCRZ7>=?3@KL7d7>Fk3@7>F*9;8OI67>fJ8F*7>Fk3‰Rˆ5 KL7>fŠR^C>GJ8=WR^I‹R,R^8ˆtnR#3@8SŒMB7
R
tv8<KL9M6fŠR‰C^z R^\ 8gI67,hM6fJ7EKiNkjl7EKk=B8M6GcfcfcGŽ=]R^\ 8gCE8=6FHGJI67EKQRgR:I67utv8<KL9}R‰C^z R^\ 8:I67ZC>GcFxRUfN
yWR^9;7>=?3@8gTBKL7>FQ7>=?3@7ˆ=WRUFdFQ7{C^z 8<\ 7>F43@KQRU=?`D7EKkFxRUGcF#m
1p€R^KQR`aGcbDRUF:C>MBK3uRUF7;5 GJ9TV8<K3uRU=?3@7R‘RU=
RU5 fcGcFQ7~I68F:7utv7>Gw3@8F:CRUM6FxR^I68FTV7>fJ8
C>GcFxRUfcyWR^9;7>=?3@8Bm
1phTWR^KQR‚`aGcbDRUFlCE8<9’FQ7{C^z 8<\ 7>FlCE8<9TV8Fk3uRUFq“”TV7EK–•6F4—˜7Xƒq™>A<8,7utv7>Gw3@8_I67XC>GcFxRUfcyWRN
9;7>={3@8|7>=?3@KL7ˆ8FdIaGw`D7EKkFQ8Fd7>fJ7E9;7>=?3@8F
ŒMB7CE8<9T]8<\ 7ZR_FQ7{C^z R^\ 8š75 GJ9TV8<K3uRU=?3@7
TWR^KQR:8|FQ7>MIaGJ9;7>=6FHGJ8=WR^9;7>=?3@8Bm

›
n" 0  $ {- 0
1
MWRUf ŒMB7EKR‰C^z R^\ 8I67 YB7@[]R^\ 8I67MB9}R `aGcbDR tnRUrpFHMBKkb<GJK;8š7utv7>Gw3@8šI68šC>GcFxRUfN
yWR^9;7>=?3@8:7>=?3@KL7ˆRUFl•6‡BKQRUF4I‹RZ`aGcbDRR^8fJ8=6b?8:I67qFQ7>MCE8<9TBKkGJ9;7>=?3@8BAaRUFHFHGJ9
CE8<9;8g7>=?3@KL7,RUFdFQ7{C^z 8<\ 7>F43@KQRU=6Fk`D7EKkFxRUGcF#m
1
7utv7>Gw3@8I68gC>GcFxRUfcyWR^9;7>=?3@8g=WRUFdFQ7{C^z 8<\ 7>Fe3@KQRU=6Fk`D7EKkFxRUGcF TV8OI67FQ7EK48‡6FQ7EK`R^I68
=WR
ŽGcb<MBKQR :TWR^KQR~MB9}R;`aGcbDRI67|FQ7{C^z R^\ 8 KL7x3uRU=6b<M6fŠR^Ksm ˆCE8<KLKL7|MB9 7E9TV7@N
=WR^9;7>=?3@8 I‹RUFFQ7{C^z 8<\ 7>F|3@KQRU=6Fk`D7EKkFxRUGcF#mX7>Fk3@7 CRUFQ8BAlR IaGcFk3@8<K^C^z R^\ 8 9 R5 [6GJ9}R
8OCE8<KLKL7,=WR;fcGc=6yWR}=B7>M{3@KQRaAWFQ7>=BI68}=DM6fŠR=WRUFTWR^K3@7>F‚FHM6TV7EKkGJ8<K‚7_Gc=atv7EKkGJ8<KI‹R
FQ7{C^z R^\ 8Bm

  ›"! $#&% $#('*)"+-,/02. %21 )"#&%43/(%5+-67 ),8$#92):


1;qR< ŽGcb<MBKQR<=aAaGcFQ8fŠRNPFQ7R|7@[{3@KL7E9GJI‹R^I67,I‹R`aGcbDRg73@8<9}RNPFQ7ZMB9 7>fJ7E9;7>=?3@8
Gc=a•6=6Gw3@7>FHGJ9}RUfnm?> 8=6FHGJI67EKQRU=BI68 RUTV7>=WRUF;8 7utv7>Gw3@8I67 YB7@[]R^\ 8T6MBKQRaAl8 7>fJ7@N
9;7>=?3@8ˆTV7EKL9}RU=B7ECE7d8<K3@8b?8=WRUfBR^8ˆ7>G[B8SI67utv8<KL9}R^I68ˆI‹R
`aGcbDRam@> 8<9 8ZC>GcFxRUfN
yWR^9;7>=?3@8BA{`D7EKkG†•BCRNPFQ7SMB9}RIaGcFk3@8<K^C^z R^\ 8;I687>fJ7E9;7>=?3@8BA‹8MpFQ72AHRaA68FCRUB =6b<M6fJ8F
7>=?3@KL7>F‚RUF
R^KL7>Fk3uRUFdI67>G[WR^9 I67ˆFQ7EK KL7x3@8F#m

D
 D/  $#('*) +3/(%5+, '*) 0 +)5+ 3/+) %2) 0 ,*% 8&% $#('*):
1
> 8<9;8‘R IaGcFk3@8<K^C^z R^\ 8 `R^KkGŠR =WR FQ7{C^z R^\ 8BA˜7>fJ7E9;7>=?3@8F|I67|`aGcbDRaA%CE8<9;8RŒMB7>fJ7>F
GcfcM6Fk3@KQR^I68FX=WR ŽGcb<MBKQR=aADFQ7EK>R^\ 8gI67utv8<KL9}R^I68FdI67Z9}RU=B7>GJKQR|IaGcFk3QGc=?3uRam
12 I67x3@7EKL9Gc=WR‰C^z R^\ 8pI‹Rtv8<KL9}R7E9TV7>=WR^I‹R I‹RFQ7{C^z R^\ 83@KQRU=6Fk`D7EKkFxRUfTV8OI67gFQ7EK
tv7>Gw3uRI67_tv8<KL9}RRU=WRUfn 5 3QGJCR RUTV7>=WRUFTWR^KQR~RUfcb<M6=6FˆCRUFQ8F‚TWR^K3QGJC>M6fŠR^KL7>FZ77>=ON
`D8fw`D7R FQ8fcMC^z R^\ 8I‹RUF:7sŒMWR‰C^z 8<\ 7>F_3@KkGJIaGJ9;7>=6FHGJ8=WRUGcFI67MB9 FW58 fcGJI68 7>fsRU5 Fk3QGJCE8
fcGc=B7R^Ksm
1
9;8OI67>fJ8I674ƒdGJ9;8FHyB7>=B„<8BA<RŒM6G{I67>FQ7>=?`D8fw`aGJI68BACE8=6FHGJI67EKQRŒMB7dRUF€FQ7{C^z 8<\ 7>F
TV7EKL9}RU=B7ECE7E9 RUGc=BI‹ReT6fŠRU=WRUF#m 2‚FHFHGJ9pA#RUFHFHMB9;7@NPFQ7ŒMB7˜3@8OI‹RlFQ7{C^z R^\ 8l3@KQRU=6Fk`D7EKiN
FxRUf  FQ8^tvKL7‚MB9}R:IaGcFk3@8<K^C^z R^\ 8gCE8=6Fk3uRU=?3@7 
“ Ž™>m
1
FHGcFk3@7E9}R~CR^K3@7>FHGŠRU=B8 I67gKL7utv7EK 7>B =BC>GŠR 7E9TBKL7>bDR^I68TWRUFHFxRTV7>fJ8CE7>=?3@KL8 I67
b?7E8<9 7x5 3@KkGJCE8I‹RFQ7{C^z R^\ 83@KQRU=?`D7EKkFxRUfnm
1poq7Stv8<KL9}RRU=
RU5 fJ8bDRR^89;8OI67>fJ8~I67|hM6fcfJ7EKiNkjl7EKk=B8M6fcfcGnAŽRUFˆR‰C^z 8<\ 7>F‚I679;8s`aGN
9;7>=?3@8,=WR`aGcbDRSI67
ƒdGJ9;8FHyB7>=B„<8_I67x`D7E9 FQ7EK3uRUGcF4ŒMB7‚RUF*FQ7{C^z 8<\ 7>F 3@KQRU=6Fk`D7EKiN
FxRUGcF TV7EKL9}RU=B7{Cz R^9 T6fŠRU=WRUFq“ `D72AHRˆR ŽGcb<MBKQRC ™>m@X8Z7>=?3uRU=?3@8BARUFFQ7{C^z 8<\ 7>F =]R^\ 8
TV7EKL9}RU=B7ECE7E9 8<K3@8b?8=WRUGcFqR^8g7>G[B8gI‹R_`aGcbDRam
12 TWR^K3QGJK:I‹R ŽGcb<MBKQ R 6A˜`D7EKkG†•BCRNPFQ7ŒMB7RFQ7{C^z R^\ 8p3@KQRU=6Fk`D7EKkFxRU f
FQ8^tvKL7
MB9 I67>FHfJ8OCR^9;7>=?3@8g3@KQRU=6Fk`D7EKkFxRUf Ks 5 b<GJI6 8 Ž“ Ž™ 7ZMB9}RgKL8U3uR‰C^z R^\ 8Ks 5 b<GJI‹
R 
“ Ž™

7E9 3@8<Kk=B8I68~7>G[B8‰AVR#3QGc=6b<Gc=BI68 R;TV8FHG–C^z R^\ 8Gc=?3@7EKL9;7EIaGsR^5 KkGŠR
  A/RŒMWRUf
KL7>TBKL7>FQ7>=?3uR8~7>Fk3uR^I68}I67_YB7@[]R^\ 8T6MBKQRI‹Rg`aGcbDRamq2’TWR^K3QGJK‚I67>FHFxRTV8FHG–C^z R^\ 8BA
I67x`aGJI68}R^87utv7>Gw3@8;I67SC>GcFxRUfcyWR^9;7>=?3@8BA{`D7EKkG†•BCRNPFQ7ZMB9}R|IaGcFk3@8<K^C^z R^\ 8I‹R:FQ7{C^z R^\ 8
=B8gT6fŠRU=B8  CR^KQR^Cx3@7EKkGcr#R^I‹R:TV7>fJ8 RUB =6b<M6fJ8 
“ Ž™>m

 
    !#"

%$&
(')   +* ,-*)./01 2)43"  
(')   657, 589/01 2)43"
  ;: # =<% '* 0 %4+&%43/(%5+-67 ),8$#92):
12‚FHFHMB9;7@NPFQ7_ŒMB7 
“ Ž™~7,5 CE8=6Fk3uRU=?3@7,=WRgFQ7{C^z R^\ 8BAatnRUrs7>=BI68}CE8<9 ŒMB7RgFQ7{C^z R^\ 8

R#3QGc= AHRgRTV8FHG–C^z R^\ 8|•6=WRU f
   ”m
12 C>Gc=B7E9 R#5 3QGJCRpI67>Fk3@7;9;8OI67>fJ8 7}5 RU=
RU5 fJ8bDRpR^8‘RU=?3@7EKkGJ8<KsA˜‡WRUFk3uRU=BI68 Gc=BC>fcM6GJK
87utv7>Gw3@8 I‹R IaGcFk3@8<K^C^z R^\ 8 
“ Ž™=B8C RU5 fJC>M6fJ8I68I67>FHfJ8OCR^9;7>=?3@8šR[6GŠRUf?> “ Ž™>m
@
8b?8BAaRTWR^K3QGJKdI‹R ŽGcb<MBKQR 6A?3@7E9:NPFQ7SŒMB7
3uRU= >

1
> 8=6FHGJI67EKQRU=BI68 TV7sŒMB7>=WRUFŽI67>FHfJ8OCR^9;7>=?3@8F#Au3@7E9:NPFQ7ŒMB7%3uRU= Um 8b?8BA
> “ Ž™   ^“ Ž™    
“ Ž™  
“ Ž™  “( ™
FQ7>=BI6 8 U“ Ž™XRgKL8U3uR‰C^z R^\ 8|3@8U3uRUf I‹RgFQ7{C^z R^\ 8BA 
“ Ž™   RKL8U3uR‰C^z R^\ 8I67x`aGJI68
Rg" YB7@[]R^\ 8;I‹R|`aGcbDR;7 
“ Ž™
RIaGcFk3@8<K^C^z R^\ 8}I‹RFQ7{C^z R^\ 8;=B8! T6fŠRU=B8 ‘I67x`aGJI68 R^8
C>GcFxRUfcyWR^9;7>=?3@8Bm
1 8b?8BADRSC>Gc=B7E9 R#5 3QGJCR_I‹Rˆ`aGcbDRSI67qƒdGJ9;8FHyB7>=B„<8 7
5 I67>FQCEKkGw3uRSTV8<K MB9 CR^9TV8
`D7x3@8<KkGŠRUf ) “ Ž™eCE8<9 RUFdFQ7>b<M6Gc=?3@7>F
CE8<9TV8=B7>=?3@7>F
#   ^“ Ž™ (&)
) “ Ž™  $&% Ž“ Ž™ “ =<™
' *

+  ,–'Ž& 0 -/+ 0 . '


1;X8‘9;8OI67>fJ8I67g`aGcbDRI67}ƒdGJ9;8FHyB7>=B„<8BAŽ3 7EB 9:NPFQ7~RUFCE8<9TV8=B7>=?3@7>F|I67I67@N
tv8<KL9}R‰C^z R^\ 8:fJ8=6b<Gw3QMBIaGc=WRUf -‹“ Ž™l7,RU=6b<M6fŠR^/K .e“ Ž™>m

0
1p€R^KQRšI67x3@7EKL9Gc=WR^K 7>FHFxRUFCE8<9TV8=B7>=?3@7>F CE8=6FHGJI67EKL78 7>fJ7E9;7>=?3@8 I67p`aGcbDR
2Sj >
oAGcfcM6Fk3@KQR^I68:=WRC ŽGcb<MBKQR‹A?3@8<9}RU=BI687>=?3@KL7ZRUFeFQ7{C^z 8<\ 7>FXR^Kk‡6Gw3@KBR^5 KkGŠRUF 
7   I67ˆMB9}R_`aGcbDR:7>=6bDRUFk3uR^I‹Ram
2 ŽGcb<MBKQ R |GcfcM6Fk3@KQR;87>fJ7E9;7>=?3@8}I67ˆ`aGcbDRRU=?3@7>F‚7RUT
58 FR:YB7@[]R^\ 8;7>Fk3uRU=BI68
Gc=BIaGJCRU=BI68F‚8F RUB =6b<M6fJ8F
I67ZKL8U3uR‰C^z R^\ 8 ^“ Ž™l7 U“  Ž™>m

  @   $#('*)"+3/(%


: #&% 0 )#&*% 02. %21 ) # %21 ) + ) %2+&% :
1p€R^KQR:I67x3@7EKL9Gc=WR^K
R|I67utv8<KL9}R‰C^z R^\ 8|7>FHTV7EC< 5 •BCR -‹“Ž™eCE8=6FHGJI67EKL7_R ŽGcb<MBKQR6m
1
F€I67>FHfJ8OCR^9;7>=?3@8FR[6GŠRUGcF€KL7>fŠR#3QGw`D8FRU‡6FQ8fcM{3@8q7l7>FHTV7EC< 5 •BCE8q7>=?3@KL74RUF˜FQ7{C^z 8<\ 7>F
2Sj 7 >
o FsR^\ 8BAOKL7>FHTV7ECx3QGw`R^9;7>=?3@7<A
>  > “  Ž™  > “ Ž™ 
>  > “  Ž™  > “ Ž™
   
1 8b?8BAaR:I67utv8<KL9}R‰C^z R^\ 8g7>FHTV7EC< 5 •BCR -‹“Ž™;7ˆ5 8‡{3QGJI‹RRTWR^K3QGJKdI67

 >  > “ Ž™
-‹“Ž™ fcGJ9       

 
 1  !%!7#" % $&
   
)1  3(+ 3 !7  #"
 0/   $#('*) +3/(%4+, '*) 0 +) #) ! %2#)  :

    ) % 02. %21 )5#&%53/(%4+   $ $#)  :



1OM6‡6Fk3QGw3QM6Gc=BI68“( ™ `D7E9 ŒMB7
   “ Ž™
-‹“Ž™   “ ?™


 
 !43 ) 3 !7  #" %$&
  3( 3 !7  #"
    $#('*) +3/(% : #) ! %2#)  :
1p€R^KQR I67x3@7EKL9Gc=WR^K%R IaGcFk3@8<K^C^z R^\ 8X8M,I67utv8<KL9}R‰C^z R^\ 8
RU=6b<M6fŠR^K]=B8dT6fŠRU=B8  A#CE8=ON
FHGJI67EKL7d8Z7>fJ7E9;7>=?3@8SGc=a•6=6Gw3@7>FHGJ9}RUf‹I67l`aGcbDR‚GcfcM6Fk3@KQR^I68Z=WR ŽGcb<MBKQRˆRUTBKL7>FQ7>=ON
3uR^I68:RU=?3@7>FZ“v7>Fk3uR^I68_I67XYB7@[]R^\ 8,T6MBKQR<™ 7qI67>TV8GcF4I‹R,IaGcFk3@8<K^C^z R^\ 8Bm ‡6FQ7EK`RNPFQ7
ŒMB7
3uRU=  ›  > 
3uRU=  D    
1p€R^KQRšTV7sŒMB7>=B8F I67>FHfJ8OCR^9;7>=?3@8F#A 3 7EB 9:NPFQ7  › 7  D 3uR^9‡47E5 9 TV7sŒMB7>=B8F#m
˜8<K3uRU=?3@8BA3uRU=  ›  › 7q3uRU=  D  D m
BRUrs7>=BI68   ' 7    ' A3@7E9:NPFQ7R,IaGcFk3@8<K^C^z R^\ 8,=B8_TV8=?3@8,2 I‹R`aGcbDRam

8b?8BAaRTWR^K3QGJKdI‹RUFX7@[6TBKL7>FHFs8<\ 7>F
RU=?3@7EKkGJ8<KL7>F

 >  > “ Ž™
 › “Ž™ 
 fc GJ9       “ D™
   Ž“ Ž™
 D “ Ž™ 
 fcGJ9     

“ <™
12 aI GcFk3@8<K^C^z R^\ 8S3@8U3uRUfB=B8_T6fŠRU=B8   ADI67>=B8U3uR^I‹RSTV8<K .e“Ž™>A7q5 I‹R^I‹RSTV7>fŠRSFQ8<9}R
I67  › “Ž™e7 D “Ž™>m 8b?8
 > “ Ž™  Ž“ Ž™
.e“Ž™  › “Ž™   D “Ž™      “ ?™

1 OM6‡6Fk3QGw3QM6Gc=BI68~R:C>Gc=B7E9 R#5 3QGJCRgI‹R^I‹R|7E9 “ =<™ `D7E9 ŒMB7

.e“Ž™   “Ž™  Ž“ Ž™  
“Ž™  “ <™


 0 & /0 - $ ‹& 0 -/+ 0 . ' ( '  ,–'Ž&]- + ' #"%$ ‹&<" '
    

1
3@KQRU‡WRUfcyB8 Gc=?3@7EKk=B8 6I 7 I67utv8<KL9}R‰C^z R^\ 8 I‹R `aGcbDR 7E9 YB7@[]R^\ 8 CE8<9 C>GcFxRUfN
yWR^9;7>=?3@8 7ˆ5 I‹R^I68gTV8<K
    4“Ž™!-‹“Ž™  €“Ž™.e“Ž™  

1OM6‡6Fk3QGw3QM6Gc=BI68 RUFCE8<9TV8=B7>=?3@7>FI67I67utv8<KL9}R‰C^z R^\ 8fJ8=6b<Gw3QMBIaGc=WRUf|“ ?™|7I67


C>GcFxRUfcyWR^9;7>=?3@8‘“ <™ 3@7E9:NPFQ7ZŒMB7
    “ Ž™ 
    4“Ž™ 
  


  Ž“Ž™  
  €“Ž™ U“Ž™    




qo 7ECE8<9TV8=BI68 RUF‚Gc=?3@7>b?KQRUGcFSI67S`D8fcMB9;7gR^8}fJ8=6b?8~I‹R R^5 KL7R
I‹R;FQ7{C^z R^\ 8~7
I68CE8<9TBKkGJ9;7>=?3@8 I‹R,`aGcbDR,`D7E9 ŒMB7
    “Ž™ 
    4“ Ž™ 
  



  
 Ž“ Ž™ 


  €“ Ž™
U“ Ž™    



   

1
F 3@7EKL9;8F*7>=?3@KL7
CE8fJCQyB7x3@7>F4KL7>TBKL7>FQ7>=?3uR^9pA?KL7>FHTV7ECx3QGw`R^9;7>=?3@7<A?8,9;8<9;7>=?3@8
YB7x3@8<K U“ Ž™
=WR}IaGJKL7{C^z R^\ 8 I687>G[B8 p7R}CE8<K3uRU=?3@7 “ Ž™X=WR~IaGJKL7{C^z R^\ 8 I67 

 Aa8M FQ72AHRaA
 U“ Ž™   4“ Ž™  



 “ Ž™   €“ Ž™ 





hFHFQ7>FX7>FLtv8<K^CEz 8F 7>Fk3R^\ 8|GcfcM6Fk3@KQR^I68FX=WRUF ŽGcb<MBKQRUF|7 6m


1
d7E7>FQCEKL7x`D7>=BI6883@KQRU‡WRUfcyB8gGc=?3@7EKk=B8
  U“ Ž™    Ž“ Ž™  
    “ Ž™      “ Ž™    “ Ž™ “ Ž™  

  
1—n=?3@7>b?KQRU=BI68_TV8<K TWR^K3@7>F RUFeIaMWRUFlTBKkGJ9;7>GJKQRUF4Gc=?3@7>b?KQRUGcFe=WR,7@[6TBKL7>FHFsR^\ 8RU=?3@7@N
KkGJ8<K
   U“ Ž™ 
     
 U
 “  Ž
 ™  

  U
 “  Ž
 ™ 
 U
 “  Ž
 
™
  “ Ž™ 
 
Ž“Ž™    “Ž™  “Ž™   

   “Ž™ Ž“Ž™  

   

8M‘RUGc=BI‹R
     “Ž™   “Ž™
 “ Ž™   “Ž™     Ž“Ž™  

    

    “d™  “d™   “ ' ™   “ ' ™     “ d™ Ž“d™  “ ' ™ Ž“ ' ™
   
 

›
 
)" %$&
)"


) $#('*) & '*) &# %5,/20 . %21 )"'**%2#, 3$,*% +&%43/(% :

 
 )" %$&
 )"
  &) 0 . % 0 ) ' %2#('*-#&% ,/02. %21 ) '**%2#, 3$,*% +&%53/(% :


›–›
1OM6TV8=BI68|ŒMB7RUFltv8<K^Cz RUFe7q8FeCE8<9TBKkGJ9;7>=?3@8F 7>Fk3@72AHR^9 7@[6TBKL7>FHFQ8F#A?KL7>FHTV7EC@N
3QGw`R^9;7>=?3@7<A˜7E9 X7 X3@8=6 F  7;9;7x3@KL 8 
?ARU=
RU5 fcGcFQ7IaGJ9;7>=6FHGJ8=WRUflI68F
3@7EKL9;8F
  “ Ž™
  
 “Ž™           



 “ Ž™ 

 



Gc=BIaGJCRqŒMB7*8F˜KL7>TBKL7>FQ7>=?3uR^9 MB9 9;8<9;7>=?3@8dYB7x3@8<K IaGcFk3@KkGc‡6MŽ 5 I687 MB9}R4tv8<K^Cz R


CE8<K3uRU=?3@7ZIaGcFk3QGJKk‡6MŽ 5 I‹R;R^8|fJ8=6b?8I68CE8<9TBKkGJ9;7>=?3@8I‹R,`aGcbDRam
hFHFQ7>FX7>FLtv8<K^CEz 8F 7>Fk3R^\ 8|GcfcM6Fk3@KQR^I68FX=WR ŽGcb<MBKQR ' m

 ›   ,  ) 0 . ), #('*$#), #) )/+ )5+-67 ),8$#92):

›D
0 & 0/- $ ‹& 0 -/+ 0 . ' ( '  ,–'Ž&]- + '  $ ‹&<" '  €) &  & '
    

1
F
7>FLtv8<K^CEz 8Fd7@[{3@7EKk=B8FXCE8<9TWR#3 5 `D7>GcF
CE8<9 R:C>Gc=B7E9 R#5 Q3 GJCRI‹R_`aGcbDR:I67ZƒdGJ9:N
8FHyB7>=B„<8g7>Fk3R^\ 8|GcfcM6Fk3@KQR^I68FX=WR ŽGcb<MBKQR  <m

  ›–› ,  ) 0 . ), 


/'*$#), )/+ )4+-3/(%4+-67 ),8$#92):
1 3@KQRU‡WRUfcyB8g7@[{3@7EKk=B8CE8<9TWR#3 5 `D7>f7ˆ5 I‹R^I68|TV8<K

 
 U“ Ž™ B “ Ž™    “ Ž™ ŽB “ Ž™  
     B  “d™     B  “ ' ™    ŽB “d™   ŽB “ ' ™
 

1;X87sŒM6Gcfn 5 ‡BKkGJ8BAB7E9TBKL7>bDRNPFQ7Z8ƒ
   
1OM6‡6Fk3QGw3QM6Gc=BI68~RUFd7@[6TBKL7>FHFs8<\ 7>FXI68F43@KQRU‡WRUfcyB8FdGc=?3@7EKk=B8;7ˆ7@[{3@7EKk=B8`D7E9 ŒMB7
      “ Ž™  U“ Ž™  B U“ Ž™            “Ž™<ŽB “Ž™ 



 !
B '  B ' !
    U“d™     ^“d™   “ ™     ^“ ™
  “d™   "ŽB “d™    “ ' ™    ŽB “ ' ™  '
   

›
1p  >…I67Z7sŒM6Gcfn 5 ‡BKkGJ8TWR^KQRgR,`aGcbDR
#    “ Ž™   “ Ž™  '  “ '  d™
 ! 

 “ '  d™

 !  
 
   “  Ž™  '
$ “ ' ™    '
 


“ d™  “ ?™

% ' 
 
    
   “ ™      '
 U“d™    

1 8b?8BA{=WR:`aGcbDRgI67SƒdGJ9;8FHyB7>=B„<8BA{3 7EB 9:NPFQ7SIaMWRUFq7sŒMWR‰C^z 8<\ 7>FqIaG†tv7EKL7>=BC>GŠRUGcF#AVRUF


ŒMWRUGcFX7>Fk3R^\ 8;R^CE8T6fŠR^I‹RUF‚R#3@KQR>`e7>5 FdI‹R_tv8<K^Cz R:CE8<K3uRU=?3@7 “ Ž™>m


1p€R^KQR FQ7 8‡{3@7EK MB9}R 65M =6GJCR 7sŒMWR‰C^z R^\ 8 IaG†tv7EKL7>=BC>GŠRUfI67 7sŒM6Gcfn 5 ‡BKkGJ8BAS‡WRUFk3uR
I67EKkGw`R^K,RTBKkGJ9;7>GJKQR 7sŒMWR‰C^z R^\ 8 7gFHM6‡6Fk3QGw3QM6GJKS8KL7>FHM6fw3uR^I68 =WR~FQ7>b<M6=BI‹RaAŽ8M
FQ72AHRaA
 D  U“ Ž™  U“ Ž™
  D   “Ž™   “ ?™

1 OM6TV8=BI68
ŒMB7 8d9;8<9;7>=?3@8XIaGcFk3@KkGc‡6MŽ 5 I68  “ Ž™
75 =DM6fJ8BA8‡{367E5 9:NPFQ7*R49;7>FQ9}R
7sŒMWR‰C^z R^\ 8IaG†tv7EKL7>=BC>GŠRUf
I67 7sŒM6Gcfn 5 ‡BKkGJ8š7E9 3@7EKL9;8FgI689;8<9;7>=?3@8YB7x3@8<K|I68
9;8OI67>fJ8I67_hM6fcfJ7EKiNkjl7EKk=B8M6fcfcGnA‹GcFk3@8 7<5 A
 D   “ Ž™
  D   “Ž™ “( ' ™
12‚fx7E5 9 IaGcFHFQ8BA{KL7EC>M6TV7EKQRNPFQ7,R:I67u•6=6G–C^z R^\ 8;I‹R_tv8<K^Cz R:CE8<K3uRU=?3@7<A{8M FQ72AHRaA
   “ Ž™

“Ž™ 

›@
   {- 0 -/+ 0 . ' ( 0 €) 0 -/+ 0 . ' 'Ž" $v$) $ 0


1p€R^KQRMB9 9}R#3@7EKkGŠRUfe7>fsRU5 Fk3QGJCE8fcGc=B7R^K:GcFQ8U3@KB58 T6GJCE8BA RfJ7>G4I67X8O8<„<7 7}5 I‹R^I‹R


TV8<K
4“ Ž™  “ Ž!™ -‹“ Ž™  “(  ™
€“ Ž™   “ Ž™ .e“ Ž™ 
“( =<™
FQ7>=BI6 8 “ Ž™d89 <58 IaM6fJ8}I67_7>fŠRUFk3QGJC>GJI‹R^I67fJ8=6b<Gw3QMBIaGc=WRUf7
 “Ž™ 89 <58 IaM6fJ8
I67Z7>fŠRUFk3QGJC>GJI‹R^I67ˆ3@KQRU=6Fk`D7EKkFxRUf/I‹RFQ7{C^z R^\ 8Bm
1OM6‡6Fk3QGw3QM6Gc=BI68gRUF*7@[6TBKL7>FHFs8<\ 7>FlI‹RUF*CE8<9TV8=B7>=?3@7>FeI67
I67utv8<KL9}R‰C^z R^\ 8“ ?™7“ <™
=WRUFXKL7>fŠR‰C^z 8<\ 7>F‚RU=?3@7EKkGJ8<KL7>F#AD3@7E9:NPFQ7ZŒMB7
 U“ Ž™
4“Ž™   “Ž™   
 “( ?™
 Ž“Ž™
€“Ž™   “Ž™    ^“Ž™  “( D™


1p˜8<K FHMWR‚`D7>r?A?FHM6‡6Fk3QGw3QM6Gc=BI68“( ?™€=WRS7@[6TBKL7>FHFsR^\ 8SI68,9;8<9;7>=?3@8ZYB7x3@8<KsA^3@7E9:N


FQ7ZŒMB7
   “ Ž™ D     “ Ž™
 U“Ž™ “Ž™   
 “Ž™ U“Ž™    “( <™

FQ7>=BI6 8  “ Ž™     D 
89;8<9;7>=?3@8I67Gc=47E5 KLC>GŠRI‹RFQ7{C^z R^\ 83@KQRU=6Fk`D7EKkFxRUf
7E9 KL7>fŠR‰C^z R^\ 8R^8g7>G[B8 }I68|FHGcFk3@7E9}R:I67ZKL7utv7EK 7>B =BC>GŠRam
12 TWR^K3QGJK}I‹R7sŒMWR‰C^z R^\ 8 RU=?3@7EKkGJ8<KsAd8‡{367E5 9:NPFQ7R FQ7>b<M6Gc=?3@7KL7>fŠR‰C^z R^\ 8šTWR^KQRšR
I67EKkGw`R^I‹R|I67   “ Ž™
   “ Ž™   “ Ž™ 
  “ Ž™  “ Ž™ “( ?™

›0
ZR ŒMWRUf6FHM6‡6Fk3QGw3QMŽ 5 I‹RZ7E9 “( ?™˜tv8<Kk=B7ECE7 RˆKL7>fŠR‰C^z R^\ 8}“vI‹Rq3@7>=6FsR^\ 8Z=B8<KL9}RUf 4“Ž™


7E9 t”M6=C^z R^\ 8I68g9;8<9;7>=?3@8:YB7x3@8<K   “Ž™*=WR:FQ7{C^z R^\ 8  A{8M FQ72AHRaA


4“Ž™  U “ “ŽŽ™ ™  “( <™
1 8b?8BAXR 3@7>=6FsR^\ 8š=B8<KL9}RUfqI67pYB7@[]R^\ 8 4“ Ž™:`R^KkGŠR fcGc=B7R^KL9;7>=?3@7=WR FQ7{C^z R^\ 8

3@KQRU=6Fk`D7EKkFxRUf‚I67MB9}R`aGcbDRTWR^KQRš8F 9;8OI67>fJ8F I67p`aGcbDRšI67 jl7EKk=B8M6GcfcfcGS7


ƒdGJ9;8FHyB7>=B„<8BA{CE8<9;8|GcfcM6Fk3@KQR^I68=WR ŽGcb<MBKQR =am

  › D/ 6 $, %21 )"#) % %  % )/+ )4+-3/(%4+-67 ),8$#92):


12‚=WRUfJ8bDR^9;7>=?3@7<AaFHM6‡6Fk3QGw3QM6Gc=BI68‘“( D™*=WR:7@[6TBKL7>FHFsR^\ 8gI‹R_tv8<K^Cz R:CE8<K3uRU=?3@7
 Ž“ Ž™
“Ž™    “Ž™      “Ž™ 


  
 Ž“ Ž™ 

   “ Ž™    U“ Ž™


  
 Ž“ Ž™
   
   “Ž™  “Ž™
}“Ž™ 



FQ7>=BI68
}“Ž™ R R^5 KL7R:I‹RFQ7{C^z R^\ 83@KQRU=6Fk`D7EKkFxRUf/7E9  m
2 TWR^K3QGJK,I67“( ™>AŽ8‡6FQ7EK`RNPFQ7ŒMB7     ^“ Ž™  
 “Ž™ˆ7FHM6‡6Fk3QGN
3QM6Gc=BI68=WR:7@[6TBKL7>FHFsR^\ 8RU=?3@7EKkGJ8<Ke`D7E9 ŒMB7 !

 ™   “ Ž™
}“ Ž™ 
“ Ž™
“ Ž “( ?™
›
12 TWR^K3QGJKdI67>Fk3uR:KL7>fŠR‰C^z R^\ 8BA3@7E9:NPFQ7SŒMB7
 Ž“ Ž™  “Ž™ 

“Ž™   U“Ž™ 
   “Ž™
}“Ž™
“( ?™


R ŒMWRUfFHM6‡6Fk3QGw3QMŽ 5 I‹R E7 9 “( D™;tv8<Kk=B7ECE7 R 7@[6TBKL7>FHFsR^\ 8 WT R^KQR R3@7>=6FsR^\ 8 I67


C>GcFxRUfcyWR^9;7>=?3@8 €“Ž™7E9 t”M6=C^z R^\ 8pI‹R~tv8<K^Cz RCE8<K3uRU=?3@7 “ Ž™=WRFQ7{C^z R^\ 8BAŽ8M


FQ72AHRaA
€“Ž™
} “ “ ŽŽ™ ™ “= ' ™


1 8b?8BA=B89;8OI67>fJ8I67ƒdGJ9;8FHyB7>=B„<8 R3@7>=6FsR^\ 8 I67 C>GcFxRUfcyWR^9;7>=?3@8 €“ Ž™ 7 5

CE8=6Fk3uRU=?3@7Z7E9 CR^I‹RFQ7{C^z R^\ 87ˆKL7>TBKL7>FQ7>=?3uR:MB9}R,3@7>=6FsR^\ 8g9 7E5 IaGŠRam


1phFk3@7 CE8<9TV8<K3uR^9;7>=?3@8d7>Fk3‰R45 GcfcM6Fk3@KQR^I68X=WR ŽGcb<MBKQR  7 7>Fk3‰R 5 I67*R^CE8<KLI68XCE8<9
Ry6GcT
U58 3@7>FQ7ZI67SŒMB7SR:IaGcFk3@8<K^C^z R^\ 8 
“ Ž™;7Z5 CE8=6Fk3uRU=?3@7=WRFQ7{C^z R^\ 83@KQRU=6Fk`D7EKkFxRUfnm
1
’FHGc=WRUf%=B7>bDR#3QGw`D8}Gc=BIaGJCRŒMB7|Rgtv8<K^Cz R;CE8<K3uRU=?3@7_TV8FHGw3QGw`R;7>Fk3‰R;5 8<KkGJ7>=?3uR^I‹R
TWR^KQR‡WRUG[B8BA{CE8=?3@KBR^5 KkGŠRR^8g7>G[B8 AaCE8=atv8<KL9;7GcfcM6Fk3@KQR^I68g=WR ŽGcb<MBKQR 6m
12‚fx7E5 9 IaGcFHFQ8BAaRZ3@7>=6FsR^\ 8:I67C>GcFxRUfcyWR^9;7>=?3@83@7E9 R_9;7>FQ9}R_IaGJKL7{C^z R^\ 8|I‹R,tv8<K^Cz R
CE8<K3uRU=?3@7<m
1 ƒ€8OI68FŽ8F TBKL8‡6fJ7E9}RUF%7>Fk3QMBI‹R^I68F€R#3675 7>Fk3@7 TV8=?3@8dFsR^\ 8e3@KQR#3uR^I68F CE8<9;8X9;8OIDN
7>fJ8F M6=6GJIaGJ9;7>=6FHGJ8=WRUGcF#m2‚FHFHGJ9pATV8<K 7@[B7E9T6fJ8BAU3@8OI68F 8F*7>FLtv8<K^CEz 8FGc=?3@7EKk=B8F
7|7@[{3@7EKk=B8FZGcfcM6Fk3@KQR^I68FZ=WRUFˆ•6b<MBKQRUF ' 7  <AVTV8OI67E9 7>Fk3uR^K‚TBKL7>FQ7>=?3@7>FR^8
fJ8=6b?8I68g7>G[B8 I‹R_`aGcbDRaA{8ŒMWRUf/TWRUFHFxR_TV7>fJ8CE7>=?3@KB58 GJI67SI‹R:FQ7{C^z R^\ 8Bm
1
> 8<9;8=WRUFq7@[{3@KL7E9GJI‹R^I67>FqGc=atv7EKkGJ8<K
7SFHM6TV7EKkGJ8<K
I‹R|FQ7{C^z R^\ 8|3@KQRU=6Fk`D7EKkFxRUf]=]R^\ 8
y
Rq5 tv8<K^Cz RUF%3@KQRU=6Fk`D7EKkFxRUGcF7@[{3@7EKk=WRUFTBKL7>FQ7>=?3@7>F#A3@7E9:NPFQ7dŒMB7dR
tv8<K^Cz R‚CE8<K3uRU=?3@7
 “ Ž™;7ˆ 5 =DM6fŠR:=B7>FHFxRUFX7@[{3@KL7E9GJI‹R^I67>F#m

1
> 8=6FQ7sŒMB7>=?3@7E9;7>=?3@7<ABR_3@7>=6FsR^\ 8|I67ZC>GcFxRUfcyWR^9;7>=?3@8 €“ Ž™ 3uR^9‡47E5 9 7ˆ5 rs7EKL8Bm

1poq7>Fk3uR 9}RU=B7>GJKQRaA%RIaGcFk3@KkGc‡6M6G–C^z R^\ 8‘CE8=6Fk3uRU=?3@7I67:3@7>=6FsR^\ 8 I67;C>GcFxRUfcyWR^9;7>=?3@8


I‹R^I‹R:=B8g9;8OI67>fJ8I67ZƒdGJ9;8FHyB7>=B„<8“ `D7EK 7sŒMWR‰C^z R^\ 8“ = ' ™L™l=]R^\ 8 7S5 R|CE8<KLKL7x3uRam
›
 
 
)" %$&
 
)"

 
 
)"  #
 
)"
 ›  ;: ) "! )  ' % $#('*) 0 )#, ' %2#('* &+ %4'*$#, %21 )"+ 0  ,*% 8&% $#('*)5#&%53/(%5+-67 ),8$#92):

1p€R^KQRGcFHFQ8BA<Gc=?3@KL8OIaM6rxNPFQ7XMB9 tnR#3@8<K R^IaGJ9;7>=6FHGJ8=WRUfWI67XCE8<KLKL7{C^z R^\ 8,8M;I67


C>GcFxRUfN
yWR^9;7>=?3@8Qm
1poq7|R^CE8<KLI68}CE8<9 RI67u•6=6G–C^z R^\ 8~9}RUGcFCE8<9MB9;7>=?3@7gR^CE7>Gw3uRaA   75 I‹R^I68TV7>fŠR
KQRUrR^\ 87>=?3@KL7R I67utv8<KL9}R‰C^z R^\ 8I67 C>GcFxRUfcyWR^9;7>=?3@8 9 7E5 IaGŠR   IaGw`aGJIaGJI‹R

TV7>fŠR|I67utv8<KL9}R‰C^z R^\ 8gKL7RUf .e“ Ž™>m ˜8<K3uRU=?3@8 

  
}“ Ž ™ “  Ž™ “ Ž™ .e“ Ž™

“ = ™
1 8b?8BAD7E9TBKL7>bDRU=BI68g7>Fk3uRKL7>fŠR‰C^z R^\ 8g7E9 “( ?™>A?3@7E9:NPFQ7ˆŒMB7ZR,tv8<K^Cz RCE8<K3uRU=?3@7
7
Rq3@7>=6FsR^\ 8ZI67XC>GcFxRUfcyWR^9;7>=?3@8STWRUFHFxR^9’RFQ7EKI‹R^I‹RUF#A<KL7>FHTV7ECx3QGw`R^9;7>=?3@7<ATV8<K
 “ Ž™    “ Ž™
}“ Ž™ 
“ Ž™  “ ==<™
€“ Ž™  
}“ Ž“Ž™ ™

“ = ?™
1ph˜[6GcFk3@7E9 `XR^5 KkGŠRUFl9}RU=B7>GJKQRUFeI67XFQ7XCRUfJC>M6fŠR^K@m hFk3@7 tnR#3@8<KFQ7EKBRZ5 CRUfJC>M6fŠR^I68
TWR^KQRFQ7{C^z 8<\ 7>FXKL7x3uRU=6b<M6fŠR^KL7>F
7ˆC>GJKLC>M6fŠR^KL7>F#m
1p˜8OI67@NPFQ7;RUb?8<KQR}FHM6‡6Fk3QGw3QM6GJK,RUFS7@[6TBKL7>FHFs8<\ 7>F;“( <™‚7 “ ==<™qTWR^KQR~8 9;8<9;7>=?3@8
YB7x3@8<K‚7gRtv8<K^Cz RCE8<K3uRU=?3@7_=WRUFˆ7sŒMWR‰C^z 8<\ 7>FZIaG†tv7EKL7>=BC>GŠRUGcFSGc=BIaGJCR^I‹RUFS7E9 “ ?™>A
8‡{3@7>=BI68ˆRUF˜FQ7>b<M6Gc=?3@7>F7sŒMWR‰C^z 8<\ 7>F%7E9 3@7EKL9;8F%I‹RXKL8U3uR‰C^z R^\ 8 ^“ Ž™]7*I68qI67>FHfJ8N
CR^9;7>=?3@8:3@KQRU=6Fk`D7EKkFxRUf Ž“ Ž™
                     %$'&)( +*-, 

 
 
  !#" 
  Ž“ Ž™
  “Ž™
}“Ž™


   
 ^“Ž™   “Ž™ '
  “ = <™


12‚F 7@[6TBKL7>FHFs8<\ 7>FlRU=?3@7EKkGJ8<KL7>F CE8=6Fk3QGw3QMB7E9 BM 9 FHGcFk3@7E9}R‚I67d7sŒMWR‰C^z 8<\ 7>F aI G†tv7EKL7>=ON


C>GŠRUGcFgR^CE8T6fŠR^I‹RUF#A˜TV8GcF8 3@7EKL9;8.  “Ž™
}“Ž™0/     “Ž™21 UR TWR^KL7ECE7
7E9 R^9‡WRUFX7sŒMWR‰C^z 8<\ 7>F#m !
›
1OM6TV8=BI68ˆŒMB7e8‚9;8<9;7>=?3@8‚IaGcFk3@KkGc‡6MŽ 5 I68  “Ž™ FQ72AHRd=DM6fJ8ˆ7e8F%TWR^K R^B 9;7x3@KL8F
KL7>fŠR#3QGw`D8F RU" FeTBKL8TBKkGJ7EI‹R^I67>FXI689}R#3@7EKkGŠRUfV7‚I‹R,FQ7{C^z R^\ 8S3@KQRU=6Fk`D7EKkFxRUf‹FsR^\ 8CE8=ON
Fk3uRU=?3@7>F‘“ “ Ž™   A U“ Ž™   A
}“ Ž™ 
A  “ Ž™  g™>A3@7E9:NPFQ7
ŒMB7
 D   “ Ž™  Ž“ Ž™
    D  
      “Ž™  ' 



“ = ?™
 D Ž“ Ž™  U“ Ž™

  D   



  “Ž™ ' “ = <™
1
’FHGcFk3@7E9}RI677sŒMWR‰C^z 8<\ 7>FˆIaG†tv7EKL7>=BC>GŠRUGcF,RU=?3@7EKkGJ8<KqTV8OI67_FQ7EKqKL7E7>FQCEKkGw3@8}CE8<9;8
IaMWRUF7sŒMWR‰C^z 8<\ 7>F‚Gc=BI67>TV7>=BI67>=?3@7>F#A/KL7>FHTV7ECx3QGw`R^9;7>=?3@7<A‹=WRUF
`R^KkGsR#5 `D7>GcF Ž“ Ž™X7
U“ Ž™>m €R^KQRGcFHFQ8BA{I67EKkGw`RNPFQ7“ = ?™
    “ Ž™  D Ž“ Ž™    “ Ž™
      
   D     ' 


 D Ž“ Ž™  U“ Ž™   ^“ Ž™



   D          


7ˆFHM6‡6Fk3QGw3QM6GNPFQ7Z7E9 “ = <™>AO8‡{3@7>=BI68NPFQ7
  U“ Ž™
    
  “Ž™  ' “ = ?™
1
u7 tv7>Gw3@8‘I67>Fk3@7TBKL8OCE7EIaGJ9;7>=?3@8 7;5 KL7x3QGJKQR^K,8FQ7>b<M6=BI68 3@7EKL9;8I‹R 7sŒMWR‰C^z R^\ 8
“ = ?™>AO8;ŒMWRUfVFQ7ˆKL7utv7EKL7,R^8gC>GcFxRUfcyWR^9;7>=?3@8=WR,`aGcbDRam
1
‡6FQ7EK`RNPFQ7:ŒMB7FQ78C>GcFxRUfcyWR^9;7>=?3@8~tv8<Kq=DM6fJ8BA/8M FQ72AHRaA 
“Ž™  ' A‹3@7E9:N
FQ7   “ Ž™  
“ Ž™   A R‘ŒMWRUflFHM6‡6Fk3QGw3QMŽ 5 I‹R‘=WRp7@[6TBKL7>FHFsR^\ 8 RU=?3@7EKkGJ8<K
KL7>FHM6fw3uR=WR7sŒMWR‰C^z R^\ 8 IaG†tv!7E KL7>=BC>GŠRUflI67ŒMWR^K3uR8<KLI67E9 7E9 3@7EKL9;8F,I67 Ž“Ž™
I‹R^I‹R:TWR^KQR:8g9;8OI67>fJ8gI67YB7@[]R^\ 8|T6MBKQRaA{8M FQ72AHRaA
 @ Ž“ Ž™
    @   “Ž™  '
D
12…7sŒMWR‰C^z R^\ 8,7E9 3@7EKL9;8F*I67 Ž“Ž™7X5 8‡{3QGJI‹RSIaG†tv7EKL7>=BC>GŠRU=BI68“ = <™IaMWRUF `D7>rs7>F
 @ Ž“ Ž™     “Ž™  D  “Ž™ '
 
  @        D  


1—n=?3@KL8OIaM6rEGc=BI68       8‡{3QGJI68}RTWR^K3QGJK I67;“ = ?™>A?`D7E9 ŒMB7


! 
 @ Ž“Ž™    D  “Ž™ '
 
  @     “Ž™   D 

1 M6fw3QGcT6fcGJCRU=BI68 R7sŒMWR‰C^z R^\ 8 RU=?3@7EKkGJ8<K;TV7>fJ8 tnR#3@8<K     AeI67x3@7EKL9Gc=WRNPFQ7R


7sŒMWR‰C^z R^\ 8:•6=WRUf 
 @ Ž“ Ž™    D  “ Ž™
    @   
  D   “Ž™ ' “ = ?™


    ' !
1
> 8=6FHGJI67EKL7
R
`aGcbDR‚‡6GN–RUTV8GŠR^I‹RZCE8<9 CR^KLKL7>bDR^9;7>=?3@8ZIaGcFk3@KkGc‡6MŽ 5 I68_CE8=6Fk3uRU=?3@7
GcfcM6Fk3@KQR^I‹RX=WR ŽGcb<MBKQR W“nR<™>m%oq7x3@7EKL9Gc=WR^KRUF%7sŒMWR‰C^z 8<\ 7>F€I‹RXKL8U3uR‰C^z R^\ 8 ^“Ž™]7
I68ˆI67>FHfJ8OCR^9;7>=?3@83@KQRU=6Fk`D7EKkFxRUf Ž“ Ž™R#3@KQR>`e7>5 FI‹RqGc=?3@7>b?KQR‰C^z R^\ 8ZI‹RUF 7sŒMWR‰C^z 8<\ 7>F
IaG†tv7EKL7>=BC>GŠRUGcF|“ = ?™e7“ = ?™>m

 
(' 3 !  0#7)73 7"
 %$&
6  %!7))"


 › @  (% 0 ) 0 2% $ $ #('*) +, '*  < +)5+)   "! ) › :


  

DH›
1—n=6GJC>GŠRUfJ9;7>=?3@7<A˜I67x3@7EKL9Gc=WRNPFQ7;R}KL8U3uR‰C^z R^\ 8   “Ž™
Gc=?3@7>b?KQRU=BI68NPFQ7;R}7sŒMWR‰C^z R^\ 8
IaG†tv7EKL7>=BC>GŠRUf‰“ = ?™>m˜€R^KQRlGcFHFQ8BA#RUT6fcGJCRNPFQ7 8 9;7>FQ9;84TBKL8OCE7EIaGJ9;7>=?3@8XI67€FQ8fcMC^z R^\ 8
RU=?3@7EKkGJ8<KL9;7>=?3@7ZM6FxR^I68Bm
<m]h ŒMWR‰C^z R^\ 8gI67ZCR^KLKL7>bDR^9;7>=?3@8  “ Ž™   m
=am4> 8=BIaG–C^z 8<\ 7>FdI67CE8=?3@8<Kk=B8 €CE8<9;8RZ`aGcbDR_7>Fk3‰R,5 ‡6GN–RUTV8GŠR^I‹RaA{8F I67>FHfJ8OCRN
9;7>=?3@8FX7ˆ8FX9;8<9;7>=?3@8Fd=WRUFX7@[{3@KL7E9GJI‹R^I67>FdFsR^\ 8|=DM6fJ8F#Aa8M FQ72AHRaA
Ž“   ' ™  Ž“   d™  ' “  ' ™

 “   ' ™   “   d™ ' “  ™
6m]h ŒMWR‰C^z R^\ 8gIaG†tv7EKL7>=BC>GŠRUf
    “ Ž™
    
  “Ž™   “  =<™
‹m4> 8=BIaG–C^z R^\ 8RUMO[6GcfcGŠR^KRˆ7sŒMWR‰C^z R^\ 8SIaG†tv7EKL7>=BC>GŠRUf“  =<™,7X5 I6743@7EKLCE7>GJKQRZ8<KLI67E9
7E9 3@7EKL9;8FdI‹R|KL8U3uR‰C^z R^\ 8   “Ž™>m
amW2‚F,CE8=BIaG–C^z 8<\ 7>F_I67gCE8=?3@8<Kk=B8“  ' ™‚7E9 3@7EKL9;8FSI67I67>FHfJ8OCR^9;7>=?3@8 =]R^\ 8
FsR^\ 8 {5M 3@7>GcFS=B7>Fk3@7|CRUFQ8Bm_2‚TV7>=WRUFRUFZCE 8=BIaG–C^z 8<\ 7>F~“  ™
FsR^\ 87E9TBKL7>bDR^I‹RUF
TV8GcFdFQ7>b<M6=BI68p“( <™  U“ Ž™      m
!
6m {7>=BI68“  =<™/I673@7EKLCE7>GJKQRd8<KLI67E9pAs=B7ECE7>FHFHGw3uR^9:NPFQ7 I673@K 7>B F˜7sŒMWR‰C^z 8<\ 7>FŽTWR^KQR
I67x3@7EKL9Gc=WR^KdRUF CE8=6Fk3uRU=?3@7>F I67‚Gc=?3@7>b?KQR‰C^z R^\ 8:TBKL8s`D7>=6GJ7>=?3@7>FXI68:TBKL8OCE7>FHFQ8
I67ˆGc=?3@7>b?KQR‰C^z R^\ 8Bm
am4> 8<9;8:Rˆ`aGcbDR,7>Fk3‰RZ5 ‡6GN–RUTV8GŠR^I‹R7q8CR^KLKL7>b?7E9;7>=?3@8IaGcFk3@KkGc‡6MŽ 5 I68 7q5 CE8=ON
Fk3uRU=?3@7R^8fJ8=6b?8 I67 FQ7>M CE8<9TBKkGJ9;7>=?3@8BA 3@7E9:NPFQ7ŒMB7RKL8U3uR‰C^z R^\ 8 =WR
9;7x3uR^I67 I‹R‘`aGcbDR 75 =DM6fŠRaAeCE8=atv8<KL9;7GcfcM6Fk3@KQR^I68=WR•6b<MBKQR W“”‡W™L—nFk3@8
tv8<Kk=B7ECE7SR:CE8=BIaG–C^z R^\ 8}RUMO[6GcfcGŠR^K
  “    =<™  '  “  ?™
6m/—n=?3@7>b?KQR‰C^z R^\ 8gI‹R:7sŒMWR‰C^z R^\ 8gIaG†tv7EKL7>=BC>GŠRUf
 
 k
K J
G ;
9 >
7 J
G Q
K |
R c
G ?
= @
3 >
7 ?
b Q
K ‰
R ^
C z ^
R \ 8    
 

      ›
! 
DD
 {7 > <
b 6
M B
= ‹
I :
R c
G ?
= @
3 >
7 ?
b Q
K ‰
R ^
C z ^
R \ 8
   “
 Ž
 ™
   
  
      D    ›   D
!
 €
ƒ E
7 L
K E
C >
7 J
G Q
K 
R n
— ?
= @
3 >
7 ?
b Q
K ‰
R ^
C z ^
R \ 8
   
 ^
 “
 Ž
 ™
 
       ›  D    D   
6m]oq7x3@7EKL9Gc=WR‰C^z R^\ 8dI‹RUF CE8=6Fk3uRU=?3@7>F I67Gc=?3@7>b?KQR‰C^z R^\ 8 RUT6fcGJCRU=BI68NPFQ7lRUF CE8=BIaG–C^z 8<\ 7>F
I67ˆCE8=?3@8<Kk=B8 “  ™l7SRUMO[6GcfcGŠR^K,“  ?™>AD8‡{367E5 9:NPFQ7SRUF CE8=6Fk3uRU=?3@7>F  › A D 7
  m ˜8<K3uRU=?3@8
“ ' ™D
 “   ™   =   › “ ' ™   D  '   D  ' 
'

“ d™ D
 “   d™   =   › “d™   D  '   ›   = 
  D     D  D
U“  = ™        ›  =  “ ' ™ =     ' 

  =

  
' m/h ŒMWR‰C^z 8<\ 7>FX•6=WRUGcF FHM6‡6Fk3QGw3QM6Gc=BI68RUFqCE8=6Fk3uRU=?3@7>F  › A  D 7   =WRUFq7@[ON
TBKL7>FHFs8<\ 7>F I68 9;8<9;7>=?3@8 YB7x3@8<K 7I67KL8U3uR‰C^z R^\ 8BA 3@7E9:NPFQ7RUF FQ7>b<M6Gc=?3@7>F
7@[6TBKL7>FHFs8<\ 7>F4•6=WRUGcF
 D
 “ Ž™    =   =   = “  Ž™  
    D 
U“ Ž™       =
  

12‚b?8<KQRaAsI67x3@7EKL9Gc=WRNPFQ7 8 I67>FHfJ8OCR^9;7>=?3@8e3@KQRU=6Fk`D7EKkFxRUf Ž“Ž™/R#3@KQR>`e7>5 F]I‹R47sŒMWR‰C^z R^\ 8


“ = ?™>m%2‚T6fcGJCRNPFQ7,8g9;7>FQ9;8|TBKL8OCE7EIaGJ9;7>=?3@8}RU=?3@7EKkGJ8<Ksm
<m]h ŒMWR‰C^z R^\ 8gI67ZCR^KLKL7>bDR^9;7>=?3@8  “ Ž™   m
=am4> 8=BIaG–C^z 8<\ 7>FlI67XCE8=?3@8<Kk=B8 €RUF*CE8=BIaG–C^z 8<\ 7>FeI67XCE8=?3@8<Kk=B8ZFsR^\ 8_RUF 9;7>FQ9}RUF
Gc=BIaGJCR^I‹RUFl7E9 “  ' ™€7,“  ™>m@X8S7>=?3uRU=?3@8BAR‚TWR^K3QGJK I67_“( <™%7,“  ™Ž`D7E9
ŒMB7
 “   ' ™  '
  “   ' ™         '    “     ™  ' W“  D™
D
   “  d™ '    “  d™ '
  “   d™          “  <™
oq7;“ = <™>A?3@7E9:NPFQ7SRFQ7>b<M6Gc=?3@7SKL7>fŠR‰C^z R^\ 8
 D Ž“ Ž™    “Ž™
  D   
“  ™   
ƒ€8<9}RU=BI68SR7@[6TBKL7>FHFsR^\ 8ZRU=?3@7EKkGJ8<KTWR^KQR   ' 7   7d7E9TBKL7>bDRU=BI68
“  D™l7;“  <™ `D7E9 ŒMB7
   “   ' ™   D “   ' ™  
  
' D 
  “  ?™


 U“   d™   D “   d™ 
  
' D 
  “  <™
 

˜8<K3uRU=?3@8BADRUFl7@[6TBKL7>FHFs8<\ 7>FlI‹R^I‹RUFl7E9 “  ' ™>A‹“  ?™7“  <™CE8=6Fk3QGw3QMB7E9 RUF
CE8=BIaG–C^z 8<\ 7>FgI67~CE8=?3@8<Kk=B87E9 3@7EKL9;8F:I67 Ž“ Ž™Z=B7ECE7>FHFWR^5 KkGŠRUF:TWR^KQRR
FQ8fcMC^z R^\ 8gI68gTBKL8‡6fJ7E9}Ram
6m]h ŒMWR‰C^z R^\ 8IaG†tv7EKL7>=BC>GŠRUf CE8<9;88CR^KLKL7>bDR^9;7>=?3@8 7| 5 CE8=6Fk3uRU=?3@7=WR`aGcbDRaA
3@7E9:NPFQ7ZŒMB7
 D  “ Ž™ '
D 
8b?8BAaR:7sŒMWR‰C^z R^\ 8gIaG†tv7EKL7>=BC>GŠRUfl“ = ?™lFHGJ9T6fcG†•BCRNPFQ7ZTWR^KQR
 @ Ž“ Ž™
    @   “Ž™   “  ?™
‹m/—n=?3@7>b?KQR‰C^z R^\ 8gI‹R:7sŒMWR‰C^z R^\ 8gIaG†tv7EKL7>=BC>GŠRUf
 KkGJ9;7>GJKQR|Gc=?3@7>b?KQR‰C^z R^\  8       ›
!
 {7 > <
b 6
M B
= ‹
I :
R c
G ?
= @
3 >
7 ?
b Q
K ‰
R ^
C z ^
R \ 8    
      D   ›  D
! 
 €
ƒ E
7 L
K E
C >
7 J
G Q
K 
R n
— ?
= @
3 >
7 ?
b Q
K ‰
R ^
C z ^
R \ 8   
 
 

!
      ›  D   D  

 W
M ^
R 
K u
3 l
R c
G ?
= @
3 >
7 ?
b Q
K ‰
R ^
C z ^
R \ 8    Ž
 “  Ž
 ™   D @  ›    D  D      @

D@
am]oq7x3@7EKL9Gc=WR‰C^z R^\ 8dI‹RUF CE8=6Fk3uRU=?3@7>F I67Gc=?3@7>b?KQR‰C^z R^\ 8 2‚T6fcGJCRU=BI68‚RUF CE8=BIaG–C^z 8<\ 7>F
I67CE8=?3@8<Kk=B8I‹R^I‹RUF7E9 “  ' ™>A “  ?™,7 “  <™>AI67x3@7EKL9Gc=WR^9:NPFQ7RUFgCE8=ON
Fk3uRU=?3@7>F  › A  D A   7 @ m
 D Ž“  ' ™ “ ' ™D
    D    =  › “ ' ™  D   
 
     D 

 D Ž “  d™    “d™ D     
   D =   › 
“ d™  
   

 ›  = 
“ ' ™@ “ ' ™D
  Ž“ '
 ™   
= ' 
  › “ ' ™ 
  D = 
   “' ™
 @    @   '

“ d™ @    D
  Ž“  d™    =  = “  ™  
 =
  “d™  '  '      =   
 =


6m]h ŒMWR‰C^z R^\ 8 •6=WRUf /FHM6‡6Fk3QGw3QM6Gc=BI68  › R  @ =WRd7sŒMWR‰C^z R^\ 8XI67 I67>FHfJ8OCR^9;7>=?3@8


Ž“ Ž™>A?3@7E9:NPFQ7SŒMB7
 
  @    D  
Ž“ Ž™    =  =  = 
   =  = 
  
 
 


a m OGJ9T6fcG†•BCRU=BI68~R:7@[6TBKL7>FHFsR^\ 8RU=?3@7EKkGJ8<Ke`D7E9 Œ MB7


 @
™    =  =  =  =    
     D  “  ?™
  
 
Ž“ Ž


D!0
    '
1
d7>FQ8fw`D7EK 8 7@[B7E9T6fJ8 RU=?3@7EKkGJ8<K M{3QGcfcGcr#RU=BI68 8 FHGcFk3@7E9}R I67CE8O8<KLI67>=WR^I‹RUF
  GcfcM6Fk3@KQR^I68}=WR ŽGcb<MBKQR 6“nR<™4TWR^KQR}R;7>FHTV7EC>G†•BCR‰C^z R^\ 8~I‹RUF‚CE8=BIaG–C^z 8<\ 7>FZI67
CE8=?3@8<Kk=B8Bm
j4RUFHGJCR^9;7>=?3@7<AB3@KQRU=6FHfŠR^I68MONPFQ7_8}7>G[B8 I‹R;7@[{3@KL7E9GJI‹R^I67_TWR^KQR}R;9;7x3uR^I67
I‹Rš`aGcbDRam €R^KQR I67x3@7EKL9Gc=WR^KpR KL8U3uR‰C^z R^\ 8   “ Ž™>A‚7E9TBKL7>bDRNPFQ78 9;7>FQ9;8
TBKL8OCE7EIaGJ9;7>=?3@8}RU=?3@7EKkGJ8<Ksm
X7>Fk3@7gCRUFQ8BA RUFSCE8=BIaG–C^z 8<\ 7>F_I67gCE8=?3@8<Kk=B8“  ™>A/7E9 3@7EKL9;8FSI68 9;8<9;7>=?3@8
YB7x3@8<K   “ Ž™>A€FsR^\ 87@[6TBKL7>FHFxRUF|I‹RFQ7>b<M6Gc=?3@7 9}RU=B7>GJKQRp=B8FHGcFk3@7E9}RpI67KL7@N
tv7EK 7>B =BC>GŠR  
      D       “   ™  '    “   ™  '  “ ' ™
 

! !
      D       “    ™  '    “    ™  '
 

! !
12š•6b<MBKQR 6“”‡W™‹GcfcM6Fk3@KQRXReKL8U3uR‰C^z R^\ 8 U“ Ž™WTWR^KQR R `aGcbDR4CE8=6FHGJI67EKQR^I‹Ram ‡6FQ7EK`RN
FQ7ŒMB7   “ Ž™~7,5 MB9}R|t”M6=C^z R^\ 8RU=?3QGcFHGJ9 7x5 3@KkGJCR7E9 KL7>fŠR‰C^z R^\ 8R^87>G[B8  imV—nFk3@8
GJ9T6fcGJCR;ŒMB7
  “ Ž™    “  Ž™ “  ™
1
43QGcfcGcr#RU=BI687>Fk3uR;KL7>fŠR‰C^z R^\ 8~=WR7@[6TV7>FHFsR^\ 8}TWR^KQR~RKL8U3uR‰C^z R^\ 8 U“Ž™
8‡{3QGJI‹R=B8
7@[B7E9T6fJ8RU=?3@7EKkGJ8<KsAa8M FQ72AHR
   D
  ^“ Ž™      › =   D    
`D7E9 ŒMB7
   D
U“Ž™         › =    

 D

 
  U“  Ž™        › =   
 

D
 
' 3 !  0#7)73 * "


%$&
(0   #"

 
6  %!7))"


 ›0/  (% 0 ) 0 %2$(% $#('*) +, '*  < +)5+)   "! ) D :
  

D
8b?8
 › D  =    '
1
> 8<9;8  › 7   FsR^\ 8:CE8=6Fk3uRU=?3@7>F#AaR 65M =6GJCR|CE8=BIaG–C^z R^\ 8|TWR^KQRŒMB7 7@[6TBKL7>FHFsR^\ 8
RU=?3@7EKkGJ8<KqFQ72AHR:`XRU5 fcGJI‹RTWR^KQRŒMWRUf ŒMB7EK  75 ŒMB7  ›     ' mqƒ€8<9}RU=BI68
RUb?8<KQR|R|7@[6TBKL7>FHFsR^\ 8|I68g9;8<9;7>=?3@8:YB7x3@8<K
 ^“ Ž™  D
  “Ž™       =   ›   D 
1 7E9‡BKQRU=BI68gŒMB7  ›  ' 7ZRUT6fcGJCRU=BI68R,FQ7>b<M6=BI‹RCE8=BIaG–C^z R^\ 8I67CE8=?3@8<Kk=B8
I‹R^I‹R|7E9 “ ' ™ `D7E9 ŒMB7
“ D ™ D  D
 U“  = ™   =   D  '   D  

1 OM6‡6Fk3QGw3QM6Gc=BI68RUFXCE8=6Fk3uRU=?3@7>F  › A  D 7   =WRUF
7@[6TBKL7>FHFs8<\ 7>FXI689;8<9;7>=?3@8
YB7x3@8<K 7ˆI‹R|KL8U3uR‰C^z R^\ 8BA?3@7E9:NPFQ7SRUFdFQ7>b<M6Gc=?3@7>F
7@[6TBKL7>FHFs8<\ 7>F •6=WRUGcF

 D D
 U“Ž™   =   
 “ =<™

   D
  “ Ž™   =      “ ?™
1;X8 ŒMB7pFQ7‘KL7utv7EKL7 R^8šI67>FHfJ8OCR^9;7>=?3@83@KQRU=6Fk`D7EKkFxRUf Ž“ Ž™>A4TBKL8OCE7EI67@NPFQ7I67
tv8<KL9}R,RU=
RU5 fJ8bDR_R^8_7@[B7E9T6fJ8|RU=?3@7EKkGJ8<Kl7XGc=?3@7>b?KQRNPFQ7RS7sŒMWR‰C^z R^\ 8_IaG†tv7EKL7>=BC>GŠRUf
“  ?™>AO8‡{3@7>=BI68NPFQ7
 @    D
  Ž“ Ž™   =  ›   D =    @ “ D™
12 TWR^K3QGJKpI‹R ŽGcb<MBKQR 6“nR<™>A8‡6FQ7EK`RNPFQ7ŒMB78 I67>FHfJ8OCR^9;7>=?3@8 Ž“ Ž™ 7 5
FHGJ9 7x5 3@KkGJCE87E9 KL7>fŠR‰C^z R^\ 8R^8g7>G[B8  Aa8M FQ72AHRaA
Ž“ Ž ™  Ž“  Ž™ “ <™
D

1OM6‡6Fk3QGw3QM6Gc=BI68 “ D™7E9 “ <™>AŽ8‡{367E5 9:NPFQ7<AŽI67gtv8<KL9}R RU=


RU5 fJ8bDRpR^8 CRUFQ8I‹R
KL8U3uR‰C^z R^\ 8BA ŒMB7  ›     ' m €R^KQR I67x3@7EKL9Gc=WR^K  D A 7E9TBKL7>bDRNPFQ7R
CE8=BIaG–C^z R^\ 8‘“  ?™*=WR|7@[6TBKL7>FHFsR^\ 8
 D Ž“ Ž™  D
    D    =  ›  D
1 7E9‡BKQRU=BI68;ŒMB7 ›  ' 7ˆI67;“  ?™ `D7E9 ŒMB7
 D Ž“    =<™ 
“  =<™ D 
  D 
   = 
  D 
  

D

 D     

1poR|CE8=BIaG–C^z R^\ 8I67ZCE8=?3@8<Kk=B8 Ž“    =<™  ' A{8‡{367E5 9:NPFQ7 @ AOGcFk3@8 7<5 A
 D   @
 @   
   
1OM6‡6Fk3QGw3QM6Gc=BI68~RUFdCE8=6Fk3uRU=?3@7>F  D 7  @ =WR:7@[6TBKL7>FHFsR^\ 8|I67 Ž“ Ž™ `D7E9 ŒMB7

  @ D D  @   D D
Ž“Ž™   “ ?™
  =       =   

 

1
TBKkGJ9;7>GJKL8g3@7EKL9;8I‹R|7@[6TBKL7>FHFsR^\ 8;RU=?3@7EKkGJ8<KXKL7>TBKL7>FQ7>=?3uRRYB7@[]R^\ 8gI‹R_`aGcbDRaA
7>=‹ŒMWRU=?3@88g7utv7>Gw3@8I68gC>GcFxRUfcyWR^9;7>=?3@8;7>Fk3‰R:5 I‹R^I68|TV7>fJ8FQ7>b<M6=BI683@7EKL9;8Bm
1
> 8<9;8|R,CE8=6Fk3uRU=?3@7‚ŒMB7 9M6fw3QGcT6fcGJCR|8_TBKkGJ9;7>GJKL8,3@7EKL9;8 7q5 TBKL8TV8<KLC>GJ8=WRUf/R
@ 7q8SFQ7>b<M6=BI68:R D A`D7EKkG†•BCRNPFQ7qŒMB7qŒMWRU=?3@8_9}RUGJ8<K*8,CE8<9TBKkGJ9;7>=?3@8I‹R
`aGcbDRaA{9;7>=B8<K 87utv7>Gw3@8gI68C>GcFxRUfcyWR^9;7>=?3@8Bm
12‚FHFHGJ9pAdŒMWRU=?3@89;7>=B8<K8šCE8<9TBKkGJ9;7>=?3@8 I‹R`aGcbDRaA49}RUGcF}GJ9TV8<K3uRU=?3@7p8
7utv7>Gw3@8I68gC>GcFxRUfcyWR^9;7>=?3@8BA6CE8<9;8g9;7>=BC>GJ8=WR^I68}RU=?3@7EKkGJ8<KL9;7>=?3@7<m


D 
  $&  ) E/- + 0 . ' ( 0  ‹" 0 . ' (  0  0  ‹"%$^'
   

1
> 8=atv8<KL9;7dGcfcM6Fk3@KQR^I68_=WRˆ•6b<MBKQR 6ADRUF*y6GcT
U58 3@7>FQ7>F4C>Gc=B7E9 R#5 3QGJCRUFXRUFHFHMB9GJI‹RUF
TWR^KQRR:`aGcbDR;I67_ƒdGJ9;8FHyB7>=B„<8;Gc=BIaM6rs7E9 MB9}RIaGcFk3@KkGc‡6M6G–C^z R^\ 8~CE8=6Fk3uRU=?3@7_I‹R
3@7>=6FsR^\ 8gI67ZC>GcFxRUfcyWR^9;7>=?3@8=WRUFdFQ7{C^z 8<\ 7>F43@KQRU=6Fk`D7EKkFxRUGcFdI‹R,`aGcbDRam
1;X87>=?3uRU=?3@8BA 7>Fk3uRIaGcFk3@KkGc‡6M6G–C^z R^\ 8 CE8=6Fk3uRU=?3@7~=]R^\ 87>Fk3uRI67R^CE8<KLI68 CE8<9 8
7E9TV7>=WR^9;7>=?3@88‡6FQ7EK`R^I68:=WRUFdFQ7{C^z 8<\ 7>F#A{CE8<9;8|GcfcM6Fk3@KQR^I68g=WR ŽGcb<MBKQR am

 
 
)" %$&
 
)"

 
 
)"  #
 
)"
 ›  ;: ) "! ) ' % $#('*) 0 )#, ' %2#('* +&%4'*$#, %21 ) + 0 ,*% 8&% $#('*)5#&%43/(%5+$67 ),8$#92):
1pKL8OC>MBKQRU=BI689Gc=6GJ9Gcr#R^KX7>Fk3@7ˆTBKL8‡6fJ7E9}RaA{Gc=?3@KL8OIaM6rEGcMONPFQ7_8:tnR#3@8<K4I67SC>GcFxRUfN
yWR^9;7>=?3@8
  
}“Ž ™ “  Ž™ “Ž™ .e“ Ž™ “ <™


1
C RU5 fJC>M6fJ8 I68 I67>TV7>=BI67pI‹R I67utv8<KL9}R‰C^z R^\ 8 I67pC>GcFxRUfcyWR^9;7>=?3@8šKL7RUfX=WR
FQ7{C^z R^\ 8BA6R|ŒMWRUf/TV8<K4FHMWR,`D7>rZI67>TV7>=BI67,I68g7E9TV7>=WR^9;7>=?3@8Bm


  ›  "! $#&% $#('*) +-,/02. %21 )"#&%53/(%5+-67 ),8$#92):
1pKL7x3@7>=BI67@NPFQ7RUFHFHMB9GJK MB9}RSCE7EK3uRtv8<KL9}RZI67d`R^KkGŠR‰C^z R^\ 8,I‹R3@7>=6FsR^\ 8,I67qC>GcFxRUfN
yWR^9;7>=?3@8ˆ=WRqFQ7{C^z R^\ 8BA^I67l3uRUf{9}RU=B7>GJKQRZRqFQ7*3@7EK€MB9}R‚IaGcFk3@KkGc‡6M6G–C^z R^\ 8,I67l3@7>=6FsR^\ 8
9}RUGcF|TBKB58 [6GJ9}R‘I68 KL7RUfnA ŒMWRU=BI68 CE8<9TWR^KQR^I‹R‘CE8<9 R 3@7>=6FsR^\ 8 CE8=6Fk3uRU=?3@7
I‹R^I‹R:TV7>fJ89;8OI67>fJ8I67ZƒdGJ9;8FHyB7>=B„<8Bm
1
> 8=6FHGJI67EKQR^9:NPFQ7pR FQ7>b<M6GJK8F;CRUFQ8F;I67 FQ7{C^z 8<\ 7>F|3@KQRU=6Fk`D7EKkFxRUGcF;KL7x3uRU=6b<M6fŠR^KsA
C>GJKLC>M6fŠR^KX7ˆTV7EK–•6Fq—Qm
 
      

12 6• b<MBKQR  GcfcM6Fk3@KQRqRdIaGcFk3@KkGc‡6M6G–C^z R^\ 8‚CE8=6Fk3uRU=?3@7 I‹Re3@7>=6FsR^\ 8


I67*C>GcFxRUfcyWR^9;7>=?3@8
=DMB9}R|I67ˆFQ7{C^z R^\ 8gKL7x3uRU=6b<M6fŠR^KdI67‡WRUFQ7ˆ7SRUfw3QMBKQR m
> 8<9;8~RIaGcFk3@KkGc‡6M6G–C^z R^\ 8CE8=6Fk3uRU=?3@7S=]R^\ 8 7_5 7@[WR#3uRaAWRUFHFHMB9;7@NPFQ7_ŒMB7R|3@7>=6FsR^\ 8
I67ZC>GcFxRUfcyWR^9;7>=?3@8|`R^KkGŠRI67tv8<KL9}R_fcGc=B7R^KXCE8<9 R:CE8O8<KLI67>=WR^I‹R  Aa8M FQ72AHRaA

 ›
 , '* 02. %21 ) 0 ) #, ' %2#('* +&%4'*$#, %21 ) 0 ,*% 8&%2#('*2:


€“7‹™  ›   D “ ?™
1
FXCE8O7u•BC>GJ7>=?3@7>F › 7 D FsR^\ 8|I67x3@7EKL9Gc=WR^I68F
FxRU‡V7>=BI68NPFQ7ZŒMB7,R,3@7>=6FsR^\ 8gI67
C>GcFxRUfcyWR^9;7>=?3@8 7ˆ5 =DM6fŠR:=WRUFX7@[{3@KL7E9GJI‹R^I67>F
I‹R:FQ7{C^z R^\ 8Bm 8b?8
 €“7     =<™  › D   D  '
€“7    =<™  ›  D     ' “ ?™

D
1
d7>FQ8fw`D7>=BI68NPFQ7S8gFHGcFk3@7E9}R:I67S7sŒMWR‰C^z 8<\ 7>F‚RU=?3@7EKkGJ8<KsA68‡{367E5 9:NPFQ
7 ›  D  '
7~TV8<K3uRU=?3@8 €“7‹™  ' m > 8<9;8R 3@7>=6FsR^\ 8I67C>GcFxRUfcyWR^9;7>=?3@8=]R^\ 8 7~5 =B7EC@N

7>FHFxR^KkGŠR^9;7>=?3@7=DM6fŠR=WR FQ7{C^z R^\ 8BARIaGcFk3@KkGc‡6M6G–C^z R^\ 8fcGc=B7R^K,3uR^9‡47E5 9 =]R^\ 8‘7>Fk3‰R 5


CE8<KLKL7x3uRam
12‚FHFHMB9;7@NPFQ7<A{7>=?3R^\ 8BA{MB9}R,`R^KkGŠR‰C^z R^\ 8gŒMWR^I6KBR#5 3QGJCRaA{GcFk3@8 7<5 A
€“7‹™  ›  D  D    “ ' ™
1 ƒ€8<9}RNPFQ7X8_CE8O7u•BC>GJ7>=?3@ 7 › =B7>bDR#3QGw`D8BA?TV8GcF RZTWR^KBRU5 ‡V8fŠRˆ3@7E9 MB9}RSCE8=BCR>`aGN
I‹R^I67ˆTWR^KQR‡WRUG[B8CE8<9;8|GcfcM6Fk3@KQR^I68g=WR ŽGcb<MBKQR B“”‡W™>m

 
 3 ! $
)     7#3 0 !7" %$&
( 3 ! $
)    # 0$7 1   )"
 ›  , '*  02. %21 )4+&%5'*$#, %21 )"+ 0 ,*% 8&% $#('*)5#&% ,/02. %21 ) ' %2# %2$:
 

1p€R^KQR:I67x3@7EKL9Gc=WR^K
RUFXCE8Fk3uRU=?3@7> F › A D 7
 AO=B7ECE7>FHFHGw3uR^9:NPFQ7 |CE8=BIaG–C^z 8<\ 7>F#m

(D

12‚F;IaMWRUFTBKkGJ9;7>GJKQRUF;FsR^\ 8RUF9;7>FQ9}RUFRU=?3@7EKkGJ8<KL7>F#A*8M FQ72AHRaAlRp3@7>=6FsR^\ 8I67
C>GcFxRUfcyWR^9;7>=?3@8 7ˆ5 =DM6fŠR:=WRUFX7@[{3@KL7E9GJI‹R^I67>F
I‹R:FQ7{C^z R^\ 8Bm ˜8<K3uRU=?3@8BA
€“7     =<™ › D  D  D D     ' “  ™
D

€“7    =<™  ›  D   D  D     '



1 {8<9}RU=BI68;RUFXIaMWRUFX7@[6TBKL7>FHFs8<\ 7>FqRU=?3@7EKkGJ8<KL7>F4`D7E9 ŒMB7
 D
 = › /=1  =   '
12 TWR^K3QGJKdI‹Ra 5 AD3@7E9:NPFQ7MB9}R:KL7>fŠR‰C^z R^\ 87>=?3@KL
7 › 7 
 D
  › / 1 “ =<™
=
12 3@7EKLCE7>GJKQR CE8=BIaG–C^z R^\ 8 =B7ECE7>FHFWR^5 KkGŠR 7 5 8‡{3QGJI‹R I‹R FHGJ9;7x3@KkGŠR I‹R FQ7{C^z R^\ 8 7E9
KL7>fŠR‰C^z R^\ 8R^87>G[B8 I68FHGcFk3@7E9}RpI67~KL7utv7EK 7>B =BC>GŠRam > 8<9;8R 3@7>=6FsR^\ 8 7}5 =DM6fŠR
=WRUF IaMWRUF*7@[{3@KL7E9GJI‹R^I67>F*7e`R^KkGŠRCE8<9;8ˆMB9}RTWR^KBRU5 ‡V8fŠRaAU3@7E9:NPFQ74MB9 TV8=?3@8
I67Z9 R5 [6GJ9;8g8M 9p 5 =6GJ9;8=B8gCE7>=?3@KL8I‹RFQ7{C^z R^\ 8BAO=B7>Fk3@7ZCRUFQ8g7E9   ' m
1phFk3uR:CE8=BIaG–C^z R^\ 8gGJ9T6fcGJCR;ŒMB7,R:I67EKkGw`R^I‹RTBKkGJ9;7>GJKQRgI67  “7‹™>A{8M FQ72AHRaA


 €“7‹™
   = ›   D

7ˆ5 =DM6fŠR:TWR^KQR   ' m 8b?8


 €“ ' ™
   = › “ ' ™  D  '  D  ' “ ?™

1 OM6‡6Fk3QGw3QM6Gc=BI68“ =<™l7;“ ?™l7E9 “  ' ™ 3@7E9:NPFQ7SŒMB7


 D
€“7‹™  › / = 1   D 
“  D™



12 EC 8=6Fk3uRU=?3@7 › 75 Gc=BI67x3@7EKL9Gc=WR^I‹RaAqTV8GcF8š`RUfJ8<K~I‹R 3@7>=6FsR^\ 8 I67C>GcFxRUfN
yWR^9;7>=?3@8 9 R5 [6GJ9}R 75 RUGc=BI‹R I67>FQCE8=6yB7EC>GJI‹Ram €R^KQR KL7>FQ8fw`D7EK7>Fk3uRGc=BI67@N
3@7EKL9Gc=WR‰C^z R^\ 8BA]FxRU‡V7@NPFQ7gŒMB7R}tv8<K^Cz R}CE8<K3uRU=?3@7 “Ž™7g5 8‡{3QGJI‹R R#3@KQR>`e7>5 FZI‹R


FQ8fcMC^z R^\ 8I68  > “ ?™>m


12‚FHFHGJ9 R:7sŒMWR‰C^z R^\ 8“  D™;75 FHM6‡6Fk3QGw3QM6GJI‹Rg7E9 “ Ž™>m 8b?8BA


 D
 “ Ž™   €“7‹™
 ›  /=1  D 

 



 D


  › / 1 
  D

 =  

12 TBKkGJ9;7>GJKQRšGc=?3@7>b?KQRUfˆI‹R7@[6TBKL7>FHFsR^\ 8 RU=?3@7EKkGJ8<K~KL7>TBKL7>FQ7>=?3uR R R^5 KL7R
}“ Ž™
I‹R~FQ7{C^z R^\ 8  A]7>=‹ŒMWRU=?3@8pR~FQ7>b<M6=BI‹RaA7g5 8 9;8<9;7>=?3@8 I67gGc=47E5 KLC>GŠR  “ Ž™‚7E9
KL7>fŠR‰C^z R^\ 8R^8g7>G[B8 }I68|FHGcFk3@7E9}R:I67ZKL7utv7EK 7>B =BC>GŠRam
˜8<K3uRU=?3@8BA › 7ˆ5 I‹R^I‹R:TV8<K
 “ Ž™
›  D “  <™
 D 

}“ Ž ™  U“ Ž™
1OM6‡6Fk3QGw3QM6Gc=BI68|“  <™/7E9 “  D™>A8‡{367E5 9:NPFQ7lRl3@7>=6FsR^\ 8XI67 C>GcFxRUfcyWR^9;7>=?3@8 €“   ‹™

=WRFQ7{C^z R^\ 8  `R^KkGŠRU=BI68‘I67;tv8<KL9}RŒMWR^I6KBR#5 3QGJCRpCE8<9 RpCE8O8<KLI67>=WR^I‹R  A8M


FQ72AHRaA
“ Ž™  D
€“  ‹™  D /=1  D

“  ?™
™  U“ Ž™


}“ Ž
D 
 

12 ŽGcb<MBKQR = qGcfcM6Fk3@KQR|RZ`R^KkGŠR‰C^z R^\ 8TWR^KQRU‡


58 fcGJCRI‹RS3@7>=6FsR^\ 8:I67C>GcFxRUfcyWR^9;7>=?3@8
=WR FQ7{C^z R^\ 8Bm’2 3@7>=6FsR^\ 8 7 5 =DM6fŠR =WRUF 7@[{3@KL7E9GJI‹R^I67>F7 RUFHFHMB9;7‘MB9 `RUfJ8<K
9 R5 [6GJ9;8|=B8gCE7>=?3@KL8Bm
1
‡6FQ7EK`RNPFQ7
RUGc=BI‹RSŒMB7qRq3@7>=6FsR^\ 8SI67XC>GcFxRUfcyWR^9;7>=?3@8 €“   ‹™˜3@7E9 Rˆ9;7>FQ9}R

IaGJKL7{C^z R^\ 8;I‹R_tv8<K^Cz RCE8<K3uRU=?3@7 “ Ž™>m




@
 
 3 ! $
)     7#3 0 !7" % $&
( 3 ! $
)    # 0$7 1   )"
 D   , '*  02. %21 )4+&%5'*$#, %21 )"+ 0 ,*% 8&% $ #('*)5#&% ,/02. %21 ) ' %2# %2$:


 DH› 6 $#, %21 ) ! %2*%  ) <  0 % #&% ,/02. %21 )" ' %2# %2$:

0
1
> 8=6FHGJI67EKL78šI67>=B8<9Gc=WR^I68<K=WR7sŒMWR‰C^z R^\ 8 “  ?™>m 7E9‡BKQRU=BI68 ŒMB7TWR^KQR
MB9}RFQ7{C^z R^\ 8gKL7x3uRU=6b<M6fŠR^K
}“Ž™  ˆ7  “Ž™    =aA{8‡{367E5 9:NPFQ7
 D  D      
/ = 1
}“ Ž™  “ Ž™  / = 1   =   =  = “Ž™ “  <™
1 8b?8BADM6FxRU=BI68R:KL7>fŠR‰C^z R^\ 8RU=?3@7EKkGJ8<Kd7E9 “  ?™>A?`D7E9 ŒMB7
“ Ž™  D
€“  ‹™  =  “ Ž™ / = 1   D



“  ?™


12 3@7>=6FsR^\ 8I67 C>GcFxRUfcyWR^9;7>=?3@89 R5 [6GJ9}R % =WR‘FQ7{C^z R^\ 8  7 5 8‡{3QGJI‹RTWR^KQR


  ' m 8b?8
% “  ‹™  “ Ž™  D  “ Ž™  D   = “ Ž™ 
  

= “ Ž™ = › D 
}“ Ž™
8M FQ72AHRaA
% “  ‹™   “ Ž™

“  ?™

=
}“ Ž™
1p˜8<K3uRU=?3@8BA‰R|3@7>=6FsR^\ 8I67C>GcFxRUfcyWR^9;7>=?3@8~ 9 R5 [6GJ9}R=DMB9}RFQ7{C^z R^\ 8}KL7x3uRU=6b<M6fŠR^K
7 5  ' 9}RUGJ8<KXŒMB7,R_3@7>=6FsR^\ 89 7E5 IaGŠR   8‡{3QGJI‹R|TV7>fJ8;9;8OI67>fJ8;I67SƒdGJ9;8N

FHyB7>=B„<8Bm 
1
> 8=6FHGJI67EKL7 RUb?8<KQR R R^5 KL7R yWR^CQyDMBKQR^I‹R =WR FQ7{C^z R^\ 8 KL7x3uRU=6b<M6fŠR^K‘9;8Fk3@KQR^I‹R
=WR •6b<MBKQR;==6“nR<™>moq7>FQ72AHRNPFQ7}CRUfJC>M6fŠR^K:8‘9;8<9;7>=?3@8‘7>Fk3‰R#5 3QGJCE8    “ Ž™SI‹R
R^5 KL7RgyWR^CQyDMBKQR^I‹R;7E9 KL7>fŠR‰C^z R^\ 8R^87>G[B8 I68;FHGcFk3@7E9}RI67_KL7utv7EK 7>B =BC>GŠRam‚˜7>fŠR
I67u•6=6G–C^z R^\ 8BAD3@7E9:NPFQ7SŒMB7
   “Ž™ 
“ ' ™


 
 
 1  !   !4  " %$&

6 3       "
 DD/ ) $#('*) $, ' % < '* 0 ) #&% ,/02. %21 )" ' %2# %2$:
1 ƒ€8<9}RU=BI68NPFQ7 
    A{CE8<9;8|GcfcM6Fk3@KQR^I68|=WR ŽGcb<MBKQRC==6“nR<™>AO8|9;8<9;7>=?3@8
7>Fk3‰R#5 3QGJCE8gTWRUFHFxR|RFQ7EK I‹R^I68|TV8<K

 D     D D
 U“Ž™              =    = =    “  ™




1
X9}Rg8M{3@KQRtv8<KL9}R|I67SFQ7ZCRUfJC>M6fŠR^K    U“ Ž™}7S5 8‡{3QGJI‹R;R|TWR^K3QGJKXI‹R< ŽGcb<MBKQR
==aA{8M FQ72AHRaA
   “ Ž™ 
   “  =<™
FQ7>=BI68
 ?“ D  ‹™}R’R^5 KL7R CE8=6FHGJI67EKQR^I‹Rš 7      D›  D    
D›  D   ‚RIaGcFk3RUB =BC>GŠRZI68ZCE7>=?3@KB58 GJI67XI‹RR^5 KL7R‚yWR^CQyDMBKQR^I‹RSR^8ZCE7>=?3@KB58 GJI67XI‹R
FQ7{C^z R^\ 8gKL7x3uRU=6b<M6fŠR^Ksm*˜8<K3uRU=?3@8BA
  
 
 
 D D
 U“Ž™  =   = =    = =    “  ?™
  

1
> 8<9;87EKQRq7>FHTV7EKQR^I68ZRUF7@[6TBKL7>FHFs8<\ 7>Fd“  ™Ž7Z“  ?™ FsR^\ 8‚Gcb<MWRUGcF 74KL7>TBKL7>FQ7>=?3uR^9
8~9;8<9;7>=?3@87>Fk3‰R#5 3QGJCE8~I67:MB9}R R^5 KL7R}ŒMB7:IaGcFk3uR  I68~CE7>=?3@KB58 GJI67gI‹R;FQ7{C^z R^\ 8
KL7x3uRU=6b<M6fŠR^KsAWRŒMWRUf TV8<KdFHMWR`D7>r,7>Fk3‰R;5 R|MB9}RgIaGcFk3RUB =BC>GŠR  I‹Rg8<KkGcb?7E9 I68
FHGcFk3@7E9}R:I67ZKL7utv7EK 7>B =BC>GŠRR^I68U3uR^I68Bm

12‚FHFHGJ9pA6RTWR^K3QGJKdI67;“   ™e8M“  ?™ `D7E9 ŒMB7
  D 
  D   =  U“Ž™
=  
1OM6‡6Fk3QGw3QM6Gc=BI68~R:7@[6TBKL7>FHFsR^\ 8RU=?3@7EKkGJ8<Kd7E9 “  ?™ 3@7E9:NPFQ7ZŒMB7
€“  ‹™  “ Ž ™  U“  Ž “™   ‹™

“  D™
1phFk3uR 75 Rg7@[6TBKL7>FHFsR^\ 8;CE8<9MB9;7>=?3@7_8‡{3QGJI‹R;I67Stv8<KL9}R:Gc=BIaGJKL7x3uR~RgTWR^K3QGJK
I‹R
YB7@[]R^\ 8T6MBKQRI‹Rg`aGcbDR;=B8F
3@7@[{3@8F
3@KQR^IaGJC>GJ8=WRUGcFZI67:KL7>FHGcFk3 7>B =BC>GŠR}I68F9}R#3@7@N
KkGŠRUGcF#m
1
Y6MO[B8:I67ˆC>GcFxRUfcyWR^9;7>=?3@8   “   ‹™*=WR_FQ7{C^z R^\ 8  I67MB9}R R^5 KL7RIaGcFk3uRU=BI68 
I68CE7>=?3@KB58 GJI67SI‹RFQ7{C^z R^\ 8 7Z5 I‹R^I68|TV8<KS“ •6b<MBKQRC= ?™

 D     ) +  0 ,*% 8&% $#('*):

 x“  ‹™ 


 “Ž™   “   ‹™ “  <™

 “ Ž™


1OM6TV8=BI68;ŒMB7SRUF4tv8<K^Cz RUF FsR^\ 8|I‹R^I‹RUFd7E9 7ˆ8FdCE8<9TBKkGJ9;7>=?3@8F


7E9 AO8
Y6MO[B8gI67ZC>GcFxRUfcyWR^9;7>=?3@8gTV8FHFHM6GŽRUF FQ7>b<M6Gc=?3@7>F
M6=6GJI‹R^I67>F
   “  ‹™  
@ 
1 8 b?8BA  x“  ‹™KL7>TBKL7>FQ7>=?3uR R ŒMWRU=?3QGJI‹R^I67 I67ptv8<K^Cz R =WRšIaGJKL7{C^z R^\ 8  TV8<K
M6=6GJI‹R^I67SI67ZCE8<9TBKkGJ9;7>=?3@8ŒMB7SRFQ7{C^z R^\ 8|TV8OI67‚3@KQRU=6FQ9Gw3QGJKsm
1OM6‡6Fk3QGw3QM6Gc=BI68 “  <™7E9 “  D™>AXKL7E7>FQCEKL7x`D7@NPFQ7 R3@7>=6FsR^\ 8 I67C>GcFxRUfcyWR^9;7>=?3@8
CE8<9;8
€“   ‹™    “    ‹™ “  ?™
1
CE8O7u•BC>GJ7>=?3@7 I67 C>GcFxRUfcyWR^9;7>=?3@8tv8G4I67u•6=6GJI68=WR7@[6TBKL7>FHFsR^\ 8 “ = ™_CE8<9;8
R KL7>fŠR‰C^z R^\ 8 7>=?3@KL7 R I67utv8<KL9}R‰C^z R^\ 89 7E5 IaGŠR .e“Ž™  €“Ž™   “Ž™g8M RUGc=BI‹R

.e“ Ž™  “ Ž™ 


}“Ž™  “Ž™l7,R:I67utv8<KL9}R‰C^z R^\ 8|KL7RUf/=B8CE7>=?3@KB58 GJI67<m


1;X8CRUFQ8 I‹R‘FQ7{C^z R^\ 8KL7x3uRU=6b<M6fŠR^KsAlR3@7>=6FsR^\ 8 =B8CE7>=?3@KB58 GJI67 7 5 9 R5 [6GJ9}Ram2


TWR^K3QGJKŽI67‚“  ?™/7 I‹R 7>GI67 X8O8<„<7<AE3@7E9:NPFQ7lRdI67utv8<KL9}R‰C^z R^\ 8XCE8<KLKL7>FHTV8=BI67>=?3@7
.e“Ž™  €“ “ ŽŽ™ ™  =
}“ Ž ™ “  Ž™ “ Ž™ “  <™


1p€R^KQR:8‡{3@7EK ‡WRUFk3uR:7utv7x3QMWR^KXR:IaGw`aGcFsR^\ 8
   
      =

“  ?™
 D  


 
  

 

1
‡6FQ7EK`RNPFQ7}ŒMB7}7E9 “  ' ™>AR^8RUFHFHMB9GJK,MB9}R `R^KkGŠR‰C^z R^\ 8ŒMWR^I6KBR#5 3QGJCRpCE8<9
 TWR^KQR R3@7>=6FsR^\ 8 I67C>GcFxRUfcyWR^9;7>=?3@8 =DMB9}R FQ7{C^z R^\ 8 KL7x3uRU=6b<M6fŠR^KsAXGJ9T6fcGJC>GN
3uR^9;7>=?3@7}RUFHFHMB9GcMONPFQ7}ŒMB7}R}3@7>=6FsR^\ 8p7>Fk3‰R 5 IaGcFk3@KkGc‡6MŽ 5 I‹R `D7EK3QGJCRUfJ9;7>=?3@7=WR
FQ7{C^z R^\ 83@KQRU=6Fk`D7EKkFxRUf/775 TWR^KQRUfJ7>fŠR R_" tv8<K^Cz RCE8<K3uRU=?3@7<m
 
1phFk3uRy6GcT
U58 3@7>FQ7ˆ=]R^\ 8 7q5 `XRU5 fcGJI‹R:TWR^KQRgRFQ7{C^z R^\ 8gC>GJKLC>M6fŠR^Ksm
1;X7>Fk3@7 CRUFQ8BA I67~tv8<KL9}R RU=
RU5 fJ8bDRR^8 TBKL8‡6fJ7E9}R I67}3@8<K^C^z R^\ 8BA*Rp3@7>=6FsR^\ 8I67
C>GcFxRUfcyWR^9;7>=?3@8;7E9 CR^I‹RTV8=?3@8gI68CE8=?3@8<Kk=B8gTV8FHFHM6G R:IaGJKL7{C^z R^\ 8|3uRU=6b?7>=?3@7<A
CE8<9;8|GcfcM6Fk3@KQR^I68g=WR ŽGcb<MBKQR = W“nR<™*TWR^KQR:8FdTV8=?3@8F
7
im

 
 #3  ;0 7 !7" %$&
 7 !43  !  #"
 D @  6 $#, %21 )"+ 0 ,*% 8&% $#('*) #  %5,/02. %21 ) 0  0  %2$:
1poq7x`aGJI68RpFHGJ9;7x3@KkGŠRI‹RpFQ7{C^z R^\ 8BA R 3@7>=6FsR^\ 8=B8 TV8=?3@8 9 7E5 IaGJ8 I‹R‘CE8<KLI‹R


]3@7E9 R:9;7>FQ9}RIaGJKL7{C^z R^\ 8|`D7EK3QGJCRUf]I‹Rtv8<K^Cz RCE8<K3uRU=?3@7<m
1 8b?8BAXRUF~IaGJKL7{C^z 8<\ 7>F I‹RUF3@7>=6Fs8<\ 7>F~I67C>GcFxRUfcyWR^9;7>=?3@8 =B8F~TV8=?3@8F
7
Gc=?3@7EKLCE7>T{3uR^9:NPFQ7ˆ=DMB9 TV8=?3@8  ŽR^8:fJ8=6b?8gI68|7>G[B8  A{CE8<9;8:GcfcM6Fk3@KQR^I68|=WR
ŽGcb<MBKQR = W“nR<™>m
12‚FHFHMB9;7@NPFQ7<AD7>=?3R^\ 8BADŒMB7R,IaGJKL7{C^z R^\ 8:I‹Rˆ3@7>=6FsR^\ 8_I67‚C>GcFxRUfcyWR^9;7>=?3@8:7E9 ŒMWRUfN
ŒMB7EK 8M{3@KL8ZTV8=?3@8  I‹RfcGc=6yWR

B3uR^9‡47E5 9’FQ72AHRˆIaGJKkGcb<GJI‹RSTWR^KQRˆ8ZTV8=?3@8
 im

1poq7>Fk3uR 9}RU=B7>GJKQRaA,7;5 TV8FHF# 5 `D7>f*I67x3@7EKL9Gc=WR^K:R IaGJKL7{C^z R^\ 8I‹R~3@7>=6FsR^\ 8pI67}C>GcFxRUfN


yWR^9;7>=?3@8‘7E9 ŒMWRUf ŒMB7EK,TV8=?3@8=WRCE8<KLI‹R

 7;TV8<K,CE8=6FQ7sŒM 7>B =BC>GŠRp7E9
ŒMWRUf ŒMB7EK TV8=?3@8gI‹RFQ7{C^z R^\ 8Bm
@
12 8 M{3@KQRSy6GcT
U58 3@7>FQ7p75 R^I69Gw3QGJK ŒMB7RUF4CE8<9TV8=B7>=?3@7>Fl`D7EK3QGJCRUGcF I‹RUF*3@7>=6Fs8<\ 7>F
I67ZC>GcFxRUfcyWR^9;7>=?3@8FQ72AHR^9 Gcb<MWRUGcFq7E9 3@8OI68Fd8FdTV8=?3@8FXI‹RfcGc=6yWR

im
1phFk3uRtv8GWRZ9;7>FQ9}Rˆy6GcT
U58 3@7>FQ7XM{3QGcfcGcr#R^I‹R,TWR^KQRˆFQ7{C^z 8<\ 7>FlKL7x3uRU=6b<M6fŠR^KL7>F4ŒMWRU=BI68
FQ7|RUFHFHMB9GcM MB9}Rg`R^KkGŠR‰C^z R^\ 8ŒMWR^I6KBR#5 3QGJCR}I67 €“7‹™
7E9 “  ' ™>mS—nFk3@8TV7EKL9Gw3@7

7E9TBKL7>bDR^K,R7sŒMWR‰C^z R^\ 8 “  ?™‚TWR^KQR~CRUfJC>M6fŠR^KRCE8<9TV8=B7>=?3@7:`D7EK3QGJCRUf šI‹R

3@7>=6FsR^\ 8gI67ZC>GcFxRUfcyWR^9;7>=?3@8Bm
€“  ‹™  “ Ž ™ 
   “   ‹™ “  ?™

 “ Ž™
1;X7>Fk3@7 CRUFQ8BA<R
‡WRUFQ7 47E9 “  ?™S7*5 3@8<9}R^I‹RqCE8<9;8ˆ8ˆCE8<9TBKkGJ9;7>=?3@8ZI‹R‚CE8<KLI‹R


˜I‹R^I‹R:FQ7>b<M6=BI68R ŽGcb<MBKQR = W“”‡W™eCE8<9;8

 

   =  D  D “ ' ™
FQ7>=BI6 8 ’8gKQRUGJ8I‹RFQ7{C^z R^\ 8gC>GJKLC>M6fŠR^Ksm
1poq7x`D7@NPFQ7}CRUfJC>M6fŠR^K:8p9;8<9;7>=?3@8‘7>Fk3‰R#5 3QGJCE8‘7E9 KL7>fŠR‰C^z R^\ 8 R^8‘7>G[B8 I‹R R^5 KL7R
R^C>GJ9}RI‹RpfcGc=6yWR

iAGcfcM6Fk3@KQR^I‹R‘=WR ŽGcb<MBKQR = W“”‡W™>A RŒMWRUf4IaGcFk3uR  I68
7>G[B8 ‰m*€R^KQRGcFHFQ8BA{CE8=6FHGJI67EKL7Z8g7>fJ7E9;7>=?3@8;I67 R^5 KL7R 
’I‹R^I68|TV8<K

 =  D   D 

1 8b?8BAO7E9TBKL7>bDRU=BI68R:I67u•6=6G–C^z R^\ 8;I68g9;8<9;7>=?3@8g7>Fk3‰R#5 3QGJCE8:`D7E9 ŒMB7
 U“  ‹™  
 =  
  D   D 


1ph€tv7x3QMWRU=BI68RGc=?3@7>b?KQR‰C^z R^\ 8RU=?3@7EKkGJ8<KsAaI67x3@7EKL9Gc=WRNPFQ7
   “  ‹™  =  D   D 
   “  ™


1OM6‡6Fk3QGw3QM6Gc=BI68“  ' ™l7;“  ™l7E9 “  D™ `D7E9 ŒMB7
D
Ž™   D   D  
“
€“   ‹™   “ Ž™  D D 


=   

8M FQ72AHRaA
“ Ž™  D   D 
“ =<™

€“  ‹™     “ Ž™


1p€R^KQRI67x3@7EKL9Gc=WR^KZRg3@7>=6FsR^\ 8~I67:C>GcFxRUfcyWR^9;7>=?3@8}3uRU=6b?7>=BC>GŠRUf  =B8FTV8=?3@8F


’7
iAaCE8=6FHGJI67EKL7S8g7>fJ7E9;7>=?3@8;I67 R^5 KL7R 
=B8CE8=?3@8<Kk=B8gI‹R:FQ7{C^z R^\ 8Bm

 
 1  !   !4)"
 D!0/ 6 $#, %21 )"+ 0 ,*% 8&% $#('*) #  %5,/02. %21 ) 0  0  %2$:
12‚F
tv8<K^Cz RUFqKL7>FHM6fw3uRU=?3@7>Fq=WRUFqIaGJKL7{C^z 8<\ 7>F ‘7ˆ3uRU=6b?7>=?3@7,=B87>fJ7E9;7>=?3@8}I67šR^5 KL7R

FsR^\ 8BAKL7>FHTV7ECx3QGw`R^9;7>=?3@7<A 
7  
m 2 TWR^K3QGJKI‹R ŽGcb<MBKQR?= aA

8‡6FQ7EK`RNPFQ7ˆŒMB7
“ 
™6CE8F   



@D
FQ7>=BI68CE8F   
  m ˜8<K3uRU=?3@8


 D  D “  ?™


1OM6‡6Fk3QGw3QM6Gc=BI68“ =<™*=WR|7@[6TBKL7>FHFsR^\ 8RU=?3@7EKkGJ8<KsAD`D7E9 ŒMB7


“ Ž™
k“  ‹™   D   D “  D™


 U“ Ž™



1
‡6FQ7EK`RNPFQ7ZŒMB7,R,3@7>=6FsR^\ 8gI67ZC>GcFxRUfcyWR^9;7>=?3@8;9 R5 [6GJ9}R=WR:FQ7{C^z R^\ 8 8OCE8<KLKL7
=B8FˆTV8=?3@8FZI‹RFQ7{C^z R^\ 8~FHGw3QMWR^I68F_R^8~fJ8=6b?8I68 7>G[B8 ‰A/8 ŒMWRUf€TWRUFHFxR;TV7>fJ8
CE7>=?3@KL8I67ˆb?KQR>`aGJI‹R^I67ZI‹RFQ7{C^z R^\ 8Bm 8b?8
% “Ž™ k“    ' ™ “ Ž™  D 
“  <™
 “ Ž™

1OM6‡6Fk3QGw3QM6Gc=BI688g9;8<9;7>=?3@8gI67ˆGc=47E5 KLC>GŠR  “ Ž™  @  3@7E9:NPFQ7SŒMB7


% “Ž™ “Ž™  D   “ Ž™ 
“  ?™


@     D
1 7E9‡BKQRU=BI68~ŒMB7R R^5 KL7RI‹RgFQ7{C^z R^\ 8}C>GJKLC>M6fŠR^K7 5
}“ Ž™    D A‹8‡{367E5 9:NPFQ7R
FQ7>b<M6Gc=?3@7S7@[6TBKL7>FHFsR^\ 8•6=WRUf/TWR^KQR %

% “Ž™ “ Ž™ 
“  <™

}“ Ž ™

1poq7>Fk3uR9}RU=B7>GJKQRaA R3@7>=6FsR^\ 8I67C>GcFxRUfcyWR^9;7>=?3@8 9 R5 [6GJ 9}R =WRFQ7{C^z R^\ 8 C>GJKLC>MON


fŠR^K7:5 CE7EKLCRI67    9}RUGJ8<KZŒMB7R3@7>=6FsR^\ 8 9 7E5 IaGŠR   I67x3@7EKL9Gc=WR^I‹R~=WR

tv8<KL9M6fŠR‰C^z R^\ 8gI‹R_`aGcbDR:I67ZƒdGJ9;8FHyB7>=B„<8Bm 

@
1
‡6FQ7EK`RNPFQ7qŒMB7‚R,9 R5 [6GJ9}R3@7>=6FsR^\ 8_I67qC>GcFxRUfcyWR^9;7>=?3@8:7@[WR#3uRaA?8‡{3QGJI‹R,CE8=ON
FHGJI67EKQRU=BI68NPFQ7S8g7E9TV7>=WR^9;7>=?3@8KL7RUf]I‹RFQ7{C^z R^\ 8BA*7ˆ5 I‹R^I‹R:TV8<K
% “Ž™<    “ Ž™

“  ?™

}“ Ž™

12‚FHFHGJ9pAW87EKLKL8=WR7@[6TBKL7>FHFsR^\ 8“  <™~7_5 CE7EKLCR;I67  A‹8}ŒMB7,TV8OI67,FQ7EK


CE8=ON
FHGJI67EKQR^I68g‡WRUFk3uRU=?3@7ˆKQRUrs8 R#5 `D7>f/FQ8‡ 8|TV8=?3@8gI67‚`aGcFk3uR:I67Z7>=6b?7>=6yWR^KkGŠRam
1poq7 tv8<KL9}RZRU=
RU5 fJ8bDR,R^8S7utv7x3QMWR^I68ZTWR^KQRFQ7{C^z R^\ 8SKL7x3uRU=6b<M6fŠR^KsA?8SCE8O7u•BC>GJ7>=?3@7qI67
C>GcFxRUfcyWR^9;7>=?3@8 R:5 8‡{3QGJI68RTWR^K3QGJKdI67;“  <™*FQ7>=BI68gGcb<MWRUf˜R
  
“  ?™
    

1
TV7EK–•6f —GcfcM6Fk3@KQR^I68:=WRC ŽGcb<MBKQRC= _tnRUr‚TWR^K3@7I67MB9 CE8= A–M6=?3@8|I67‚FQ7{C^z 8<\ 7>F
3@KQRU=6Fk`D7EKkFxRUGcFTWR^I6KL8=6Gcr#R^I‹RUF}M{3QGcfcGcr#R^I‹RUFtvKL7sŒMB7>=?3@7E9;7>=?3@7p7E9 7>Fk3@KkM{3QMBKQRUF
7E9 b?7EKQRUfnm
1
IaGJ9;7>=6FHGJ8=WR^9;7>=?3@8I67ˆ`aGcbDRUF‚CE8=6Fk3@KkMŽ 5 I‹RUF‚CE8<9 TV7EK–•6FqfŠR^9Gc=WR^I68F‚FQ7EKBR 5
IaGcFQC>M{3QGJI68=WR {7{C^z R^\ 8I67,˜7EK–•6F‚€R^I6KL8=6Gcr#R^I68F#m
1;X7>Fk3uR|FQ7{C^z R^\ 8BA‹RUTBKL7>FQ7>=?3uRNPFQ7,CE8<9;8;I67x3@7EKL9Gc=WR^K‚RgIaGcFk3@KkGc‡6M6G–C^z R^\ 8}I‹R:3@7>=6FsR^\ 8
I67 C>GcFxRUfcyWR^9;7>=?3@8 7E9 TV7EK–•6F —QmdhFk3@7>F~TV7EK–•6FTV8OI67E9 FQ7EKCE8=6FHGJI67EKQR^I68F
CE8<9;8 |KL7x3RUB =6b<M6fJ8F#AaI67>FHTBKL7>r#RU=BI68NPFQ7Z8FXKQRUGJ8FdGc=?3@7EKk=B8F#m
1
F:I68GcF|KL7x3RUB =6b<M6fJ8FyB8<KkGcrs8=?3uRUGcF|FsR^\ 8pI67>=B8<9Gc=WR^I68F|9;7>FxRUF:7>=‹ŒMWRU=?3@8‘8
KL7x3RUB =6b<M6fJ8:`D7EK3QGJCRUf7S5 RRUfJ9}Ram
1p€R^KQR|I67x3@7EKL9Gc=WR^K‚R|IaGcFk3@KkGc‡6M6G–C^z R^\ 8}I‹R3@7>=6FsR^\ 8I67SC>GcFxRUfcyWR^9;7>=?3@87E9 TV7EK–•6F
—QA˜CE8=6FHGJI67EKQRNPFQ7ŒMB7 RUF,3@7>=6Fs8<\ 7>F:FsR^\ 8pTWR^KQRUfJ7>fŠRUF;R tv8<K^Cz RpCE8<K3uRU=?3@7}7M6=6GN
tv8<KL9;7E9;7>=?3@7|IaGcFk3@KkGc‡6MŽ 5 I‹RUFS=WR~7>FHTV7>FHFHMBKQR}I‹RRUfJ9}RaA/I67tv8<KL9}RRU=
RU5 fJ8bDR R "
FQ7{C^z R^\ 8gKL7x3uRU=6b<M6fŠR^Ksm
@@
  D   $   :
1
> 8<9;8FQ73@7E9 IaMWRUFX3@KQRU=6FHG–C^z 8<\ 7>FqI67,7>FHTV7>FHFHMBKQRg7>=?3@KL7RUFq9;7>FxRUF
7R;RUfJ9}RaA
CE8=6FHGJI67EKQR^9:NPFQ7|8F }CE8<K3@7>Fˆ=WRFQ7{C^z R^\ 8BAWGcfcM6Fk3@KQR^I68FZ=WR ŽGcb<MBKQR = aA‰TWR^KQR8
C RU5 fJC>M6fJ8I68g9;8<9;7>=?3@8g7>Fk3‰R#5 3QGJCE8Bm

 

   " %$&

   "  
  
  "
 D  ;: ) '*$, #) ! $   :
1 ƒ€8<9}RU=BI68NPFQ7R R^5 KL7RgGc=BIaGJCR^I‹R=WR ŽGcb<MBKQR= 6“nR<™>AB89;8<9;7>=?3@87>Fk3‰R#5 3QGJCE8 7 5
I‹R^I68I67‚tv8<KL9}RgRU=
RU5 fJ8bDRgR “  ™>AO8M FQ72AHRaA
   “  ‹™     
 D  D  D   D   D    D

“ ' ™

1OM6‡6Fk3QGw3QM6Gc=BI68~R:7@[6TBKL7>FHFsR^\ 8RU=?3@7EKkGJ8<Kd7E9 “  D™ `D7E9 ŒMB7


Ž™
“   D
€“   ‹™  = “ Ž™ =   D 
 


“  ™
@0
1
>XRUfJC>M6fŠRU=BI68}R,3@7>=6FsR^\ 8|TWR^KQR   D  7   D A{8‡{367E5 9:NPFQ7
% /     D  1 
     D   D› 


#     D   '   “  =<™


1
9;8<9;7>=?3@8g7>Fk3‰R#5 3QGJCE8gI‹R R^5 KL7RGc=BIaGJCR^I‹R|=WR ŽGcb<MBKQR = 6“”‡W™;7ˆ5 I‹R^I68gTV8<K


   “  ‹ ™    
  ›      
D  D  
   


{7>TWR^KL8MONPFQ7‚RZ7@[6TBKL7>FHFsR^\ 8_RU=?3@7EKkGJ8<K 7E9 IaMWRUF*Gc=?3@7>b?KQRUGcFeI67x`aGJI68|Rˆ9MBI‹RU=Cz R
I67l7>FHTV7>FHFHMBKQRd7E9  › =WR‚RUfJ9}RdTWR^KQR  =WRX9;7>FxRam€h€tv7x3QMWRU=BI68RUF˜Gc=?3@7>b?KQR‰C^z 8<\ 7>F
Gc=BIaGJCR^I‹RUF#A68‡{367E5 9:NPFQ7

 ›  ›
 D D    D  › D  
   “   ‹™  = =     = =  =  “  ?™
  

1 8b?8BAaR,3@7>=6FsR^\ 8gI67ZC>GcFxRUfcyWR^9;7>=?3@8 7Z5 I‹R^I‹RTV8<K


 ()%$ *       
*    
* 
*     ,

       !      
1p€R^KQR   ' 7  D  AO3@7E9:NPFQ7<A6KL7>FHTV7ECx3QGw`D7E9;7>=?3@7<A‰RUF 3@7>=6Fs8<\ 7>Fq9 R 5 [6GJ9}R
7Z9p 5 =6GJ9}R:=WRRUfJ9}RaA{8M FQ72AHRaA
# %
$&%  g“    ' ™
      D   D› “    › ™ 

“  <™

   
#  /     D  1 
      D    D› 

 
1
‡6FQ7EK`D7 RqIaG†tv7EKL7>=Cz R‚I‹Rd3@7>=6FsR^\ 8I67eC>GcFxRUfcyWR^9;7>=?3@8ˆTWR^KQR9   D  CRUfJC>M6fŠR^I‹R
7E9 “  =<™e7;“  <™>m

@
1—nFk3@8‘Gc=BIaGJCRMB9}RpI67>FQCE8=?3QGc=DM6GJI‹R^I67 I‹R 3@7>=6FsR^\ 8‘=WRpGc=?3@7EK–tnR^CE7~I‹R‘9;7>FxRp7
I‹R}RUfJ9}Ram 2 65M fw3QGJ9}R R^5 KL7R 7,5 8‡{3QGJI‹R;CE8<9 MB9 CE8<K3@7S=WR;9;7>FxR|Gc=atv7EKkGJ8<K‚I68
TV7EK–•6f€CE8<9;8~9;8Fk3@KQR^I68=WR ŽGcb<MBKQR = 6“vC™>m 9;8<9;7>=?3@8~7>Fk3‰R#5 3QGJCE8 75 I‹R^I68
=B7>Fk3@7ZCR^9TV8|TV8<K

   “  ‹™  


128;Gc=?`e7>5 F‚I67SFQ7SCRUfJC>M6fŠR^Kq89;8<9;7>=?3@8;7>Fk3‰R#5 3QGJCE8;I‹R R^5 KL7R;R^C>GJ9}RI68;CE8<K3@7<A
TV8OI67@NPFQ7:CE8=6FHGJI67EKQR^KˆR R^5 KL7R~RU‡WRUG[B8~I67x`aGJI68R;FQ7>b<M6Gc=?3@7:KL7>fŠR‰C^z R^\ 87>=?3@KL7:8F
9;8<9;7>=?3@8FX7>Fk3‰R#5 3QGJCE8F

   “  ‹™   
  



1 8b?8
D
   “  ‹ ™    D / D 1   D

  
  D     D  “  ?™


1
>XRUfJC>M6fŠRU=BI68NPFQ7:8F9;8<9;7>=?3@8F‚7>Fk3‰R#5 3QGJCE8F‚TWR^KQR    D 7   D A63@7E9:NPFQ7
RUFX9;7>FQ9}RUFd7@[6TBKL7>FHFs8<\ 7>F Gc=BIaGJCR^I‹RUFq7E9 “  =<™>m
12 ŽGcb<MBKQR = pGcfcM6Fk3@KQR RpIaGcFk3@KkGc‡6M6G–C^z R^\ 8I‹R 3@7>=6FsR^\ 8‘I67~C>GcFxRUfcyWR^9;7>=?3@8=DMB9
TV7EK–•6f‰—Qm ‡6FQ7EK`RNPFQ7qRZI67>FQCE8=?3QGc=DM6GJI‹R^I67I‹R‚3@7>=6FsR^\ 8S=B8F*TV8=?3@8F*CE8<9 9MON
I‹RU=Cz R|I67Z7>FHTV7>FHFHMBKQR7>=?3@KL7,RgRUfJ9}R|7,RUFd9;7>FxRUF#m
1poq7tv8<KL9}RgRU=
RU5 fJ8bDR RU" FdFQ7{C^z 8<\ 7>FXC>GJKLC>M6fŠR^K
7ZKL7EK3uRU=6b<M6fŠR^KsABR,3@7>=6FsR^\ 8gI67SC>GcFxRUfN
yWR^9;7>=?3@8‚9 R5 [6GJ9}R
7E9 TV7EK–•6F—V8OCE8<KLKL7*=B8‚CE7>=?3@KB58 GJI674I‹RXFQ7{C^z R^\ 8‚7l7>Fk3‰R
5 I‹R^I‹R
=WR|7sŒMWR‰C^z R^\ 8“  <™>m
1;X87>=?3uRU=?3@8BAB8‡{367E5 9:NPFQ7SMB9}R|‡V8R;RUTBKL8E[6GJ9}R‰C^z R^\ 8TWR^KQR;R:3@7>=6FsR^\ 8I67_C>GcFxRUfN
yWR^9;7>=?3@89 R5 [6GJ9}RIaGw`aGJIaGc=BI68NPFQ7Rtv8<K^Cz RCE8<K3uRU=?3@7 TV7>fŠR’R^5 KL7RI‹RRUfJ9}R
RUTV7>=WRUF#m
@
  D
 , '* 02. %21 )4+'*$#, %21 )"#) ! $   :
1—nFk3@84FQ7I67x`D7*R^84tnR#3@8dŒMB7 RUF/3@7>=6Fs8<\ 7>FŽI67C>GcFxRUfcyWR^9;7>=?3@8X=WRdRUfJ9}R4Gc=?3@7>b?KQR^I‹RUF
=WRUF4FHMWRUF R^5 KL7RUFltv8<Kk=B7ECE7E9 MB9}RStv8<K^Cz R “Ž™*ŒMB77q5 TBKQR#3QGJCR^9;7>=?3@7Gcb<MWRUf]R


CE8<K3uRU=?3@7 “ Ž™>m
 
1p€R^KQR9;8Fk3@KQR^K|GcFk3@8BAeCE8=6FHGJI67EKL7RUF7@[6TBKL7>FHFs8<\ 7>F‘“  =<™|7š“  D™:=WR R^5 KL7RI‹R
RUfJ9}RaA{8M FQ72AHRaA
  $     $        
     
     
 
$  *       *       !  
*   
*      
  

1—n=?3@7>b?KQRU=BI68R:7@[6TBKL7>FHFsR^\ 8RU=?3@7EKkGJ8<Kd8‡{367E5 9:NPFQ7


“ Ž™ ?“    › ™ “    › ™  ›  ›  ›
“  <™

 “Ž™   “ Ž™ = = =  =
  

1
9;8<9;7>=?3@8I67ZGc=47E5 KLC>GŠR U“ Ž™eI‹R|FQ7{C^z R^\ 8 7S5 I‹R^I68gTV7>fŠRgFQ8<9}R^I68FX9;8<9;7>=ON
3@8F,I67Gc=47E5 KLC>GŠRI‹RRUfJ9}R  U“ Ž™  7I‹RUF,9;7>FxRUF  U“ Ž™  7E9 KL7>fŠR‰C^z R^\ 8R^8
CE7>=?3@KB58 GJI67SI‹R:FQ7{C^z R^\ 8BAOGcFk3@8 7<5 A 
 “ Ž™    “ Ž™    =   “ Ž™   “  ?™

1p˜8<K4FHMWR,`D7>r?A
 ›  ›
 U“Ž™  = 

  “Ž™   ?“    › ™ 
 ?“    › ™ “    › ™ D
= =
1
‡6FQ7EK`RNPFQ7ŒMB7FQ7M{3QGcfcGcrs8M_8e3@7E8<KL7E9}ReI68FŽ7>G[B8F]TWR^KQRUfJ7>fJ8FŽTWR^KQRe8dC RU5 fJC>M6fJ8
I67  U“Ž™qm 8b?8
 ›  › ?“    › ™  ?“    › ™ “    › ™ D
 “Ž™ =  = =  = 
“  ?™


1
MWRU=BI68‘R7>FHTV7>FHFHMBKQR~I‹RUF,9;7>FxRUF 7|5 TV7sŒMB7>=WRaA 8MFQ72AHRaA  › FQ7;RUTBKL8E[6GJ9}R
I67  A€R 7@[6TBKL7>FHFsR^\ 8‘RU=?3@7EKkGJ8<KSFHGJ9T6fcG†•BCRNPFQ7TWR^KQR 89;8<9;7>=?3@8pI67Gc=47E5 KLC>GŠR
 “ Ž™  ›  D  I‹RgRUfJ9}Ram
1
9;7>FQ9;8 R^CE8=?3@7ECE7|TWR^KQR~8}3@7EKL9;87>=?3@KL7gCE8fJCQyB7x3@7>FS=WR~7@[6TBKL7>FHFsR^\ 8“  <™>m
2‚FHFHGJ9pATWR^KQR‚7>FHTV7>FHFHMBKQRUF I67d9;7>FxRqTV7sŒMB7>=WRUF#ARZRUfJ9}RZRU‡6FQ8<K`D7*3@8OI‹Rqtv8<K^Cz R
CE8<K3uRU=?3@7<A/TV8GcFRtv8<K^Cz R “ Ž™‚I‹R^I‹R~7E9 “  <™
FQ7RUTBKL8E[6GJ9}RI‹R~CE8<K3uRU=?3@7




“ Ž™>m 
       
 

1 ˆGcFxRU=BI68}R:KL7EIaMC^z R^\ 8I67ZC>M6Fk3@8Fd=WR:CE8=6Fk3@KkMC^z R^\ 8I67Z7>Fk3@KkM{3QMBKQRUFd9;7EC RUB =6GJCRUF


CE8=6Fk3QGw3QMŽ 5 I‹RUF˜I67˜`aGcbDRUF#AsI67u•6=6GJKQR^9:NPFQ7 RUfcb<M6=6F/3QGcTV8F]TWR^I6KL8=6Gcr#R^I68F˜I67€FQ7{C^z 8<\ 7>F
3@KQRU=6Fk`D7EKkFxRUGcF#m
12 ŽGcb<MBKQR = }GcfcM6Fk3@KQR RUfcb<M6=6FZTV7EK–•6FTWR^I6KL8=6Gcr#R^I68Fˆ3uRUGcFZCE8<9;8 —d7
,m‰2‚F
TBKL8TBKkGJ7EI‹R^I67>FqI67>Fk3@7>FdTV7EK–•6F,“ 3uRUGcFXCE8<9;8gIaGJ9;7>=6Fs8<\ 7>F#A R^5 KL7RaA{9;8<9;7>=?3@8FXI67
Gc=47E5 KLC>GŠRaAˆ9 <58 IaM6fJ8 I67KL7>FHGcFk3 7>B =BC>GŠRaA7x3@C™~7>=BCE8=?3@KQR^9:NPFQ73uRU‡V7>fŠR^I‹RUF7FsR^\ 8
M{3QGcfcGcr#R^I‹RUFTWR^KQR;R|FQ7>fJ7{C^z R^\ 8}I67SMB9 TV7EK–•6f€RUTBKL8TBKkGŠR^I68~RUT
58 Fq8;IaGJ9;7>=6FHGJ8=ON
R^9;7>=?3@8gI‹R_`aGcbDRam
@ 
1phFk3@7>F‚TV7EK–•6FqTV8OI67E9 FQ7EKqCE8fJ8OCR^I68F=WRTV8FHG–C^z R^\ 8`D7EK3QGJCRUf “ ŽGcb<MBKQRUF = B“nR<™
7 = B“”‡W™L™l7ˆyB8<KkGcrs8=?3uRUf*“ ŽGcb<MBKQRUF = B“vC™l7 = B“vI‹™L™>m
12‚fx7E5 9 IaGcFHFQ8BAeTV8OI67@NPFQ7FQ8fJI‹R^K8M KL7>‡6Gw3uR^Kg`XR^5 KkGJ8F}TV7EK–tk 5 F}TWR^KQR CE8=6Fk3@KkM6GJK
R~FQ7{C^z R^\ 8 I‹R`aGcbDRaAV3uRUfCE8<9;8 GcfcM6Fk3@KQR^I68 =WR
ŽGcb<MBKQR
= B“v7™‚TWR^KQR}MB9 TV7EK–•6f
IaM6T6fJ8
,m

7  
 !   1 " #1 # #%$&
7   !# 11 "  )2  
! 7  0#11
"  #  #
 #1 
7 01 "
# 2)! 

7% 
 !   1 #" 1 
)1  #
 D  $ &, % #&%2+),$: 

1
TBKL8OCE7EIaGJ9;7>=?3@8:TWR^KQRS8IaGJ9;7>=6FHGJ8=WR^9;7>=?3@8|I67d`aGcbDRUF RZ" YB7@[]R^\ 8,T6MBKQR,7E9:N
TBKL7>bDRU=BI68TV7EK–•6F75 RU=
RU5 fJ8b?8 R" ŒMB7>fJ7ZRUTBKL7>FQ7>=?3uR^I68_TWR^KQRRˆ`aGcbDR,I68:9;8OI67>fJ8
I67_hM6fJ7EKsAa8M FQ72AHR
<m/oq7x3@7EKL9Gc=WR^K}RFQ7{C^z R^\ 8 9}RUGcFFQ8fcGJC>Gw3uR^I‹R I‹Rp`aGcbDR R#3@KQR>`e7>5 FI‹R FQ8fcMC^z R^\ 8 I68
  > “ ?™>m hFk3uRFQ7{C^z R^\ 8 75 RŒMB7>fŠR 8=BI67p89;8<9;7>=?3@8YB7x3@8<K}RU‡6FQ8fcM{3@8 7 5
9 R5 [6GJ9;8Bm >XRUFQ8gFQ73@7>=6yWRg9}RUGcFqI67ZMB9}R|FQ7{C^z R^\ 8CE8<9 89;7>FQ9;89;8<9;7>=?3@8
YB7x3@8<K‚9 R5 [6GJ9;8BAWM{3QGcfcGcr#RNPFQ7gCE8<9;8~CEKkGw367E5 KkGJ8I67:I67>FQ7E9TWR#3@7gR;FQ7{C^z R^\ 8~CE8<9 R
9}RUGJ8<Kˆtv8<K^Cz RCE8<K3uRU=?3@7<m 9;8<9;7>=?3@8 YB7x3@8<KZ9 R5 [6GJ9;8 75 I67>=B8U3uR^I68CE8<9;8
  % m
0
=am X> RUfJC>M6fŠRNPFQ7Z8:9 <58 IaM6fJ8gI67KL7>FHGcFk3 7>B =BC>GŠRgR,YB7@[]R^\ 8 qR#3@KQR>`e7>5 F4I‹R7@[6TBKL7>FHFsR^\ 8
TWR^KQRgR:9 R5 [6GJ9}R,3@7>=6FsR^\ 8|=B8<KL9}RUf  % A{8M FQ72AHRaA

%    % “ ' ™


1 X 8_IaGJ9;7>=6FHGJ8=WR^9;7>=?3@8 Rˆ" YB7@[]R^\ 8ST6MBKQRaA?GJ9T]8<\ 7@NPFQ7ŒMB7  % FQ72AHRZGcb<MWRUf

Rl3@7>=6FsR^\ 8X=B8<KL9}RUfDR^I69GcFHF# 5 `D7>f % I68


9}R#3@7EKkGŠRUfnmŽ2 TWR^K3QGJKŽI67>Fk3uRdCE8=BIaG–C^z R^\ 8

7ˆI‹R|KL7>fŠR‰C^z R^\ 8RU=?3@7EKkGJ8<KsA CQyB7>bDRNPFQ7,RFQ7>b<M6Gc=?3@7S7@[6TBKL7>FHFsR^\ 8:TWR^KQR 


  %
  
6m {7>=BI68g 8}=ˆB5M 9;7EKL8I67TV7EK–•6F#A63@7E9:NPFQ7|ŒMB78~9 <58 IaM6fJ8 I67:KL7>FHGcFk3 7>B =BC>GŠR R "

YB7@[]R^\ 8  I67ZCR^I‹RTV7EK–•6f7ˆ5 I‹R^I68|TV8<K
  

1‘˜8<K7@[B7E9T6fJ8BAqTWR^KQR RUF ŽGcb<MBKQRUF;= B“nR<™}7 = B“v7™>A 3@7E9:NPFQ7   7
   =aA{KL7>FHTV7ECx3QGw`R^9;7>=?3@7<m
‹m 6RU‡V7>=BI68NPFQ7d8Z9 <58 IaM6fJ8ZI67dKL7>FHGcFk3 7>B =BC>GŠRˆ9p 5 =6GJ9;8SI67 CR^I‹R‚TV7EK–•6faTWR^KQRŒMB7XR
`aGcbDRTV7EKL9}RU=B7{Cz Rg=WRgtnRUFQ7,7>fsRU5 Fk3QGJCRaA‹FQ7>fJ7EC>GJ8=WRNPFQ7_=WR|3uRU ‡V7>fŠR}RŒMB7>fJ7_TV7EK–•6f
C>M Ak8 9 <58 IaM6fJ8 I67|KL7>FHGcFk3 7>B =BC>GŠR 7|5 9}RUGJ8<K8MGcb<MWRUf R  m ‡6FQ7EK`RNPFQ7|ŒMB7
FQ7 8 TV7EK–•6fˆ7>Fk3QGw`D7EK~=WR `D7EK3QGJCRUfnAqI67x`D7@NPFQ7 M{3QGcfcGcr#R^KpR CE8fcM6=WR I‹R 3uRU‡V7>fŠR
CE8<KLKL7>FHTV8=BI67>=?3@7    m >XRUFQ8,8,TV7EK–•6f‹7>Fk3@72AHRˆ=WRSyB8<KkGcrs8=?3uRUfnAD7E9TBKL7>bDRNPFQ7
R:CE8fcM6=WRgKL7utv7EKL7>=?3@7,R^8g7>G[B8   “ `D7EK ŽGcb<MBKQR= ?™>m
amV—n=BIaGJCRNPFQ78TV7EK–•6fŽFQ7>fJ7EC>GJ8=WR^I68tv8<Kk=B7ECE7>=BI688;=ˆB5M 9;7EKL8I67,TV7EK–•6F#A68g3QGcTV8BA
R}RUfw3QMBKQR;7_8TV7>FQ8}7>FHTV7EC< 5 •BCE8Bmˆ˜8<Kq7@[B7E9T6fJ8BA =

‹A  aA  ‚bt^9pA6Gc=BIaGJCR
ŒMB7:tv8<KQR^9 FQ7>fJ7EC>GJ8=WR^I68F =}TV7EK–•6F
I67 
I67;RUfw3QMBKQR~7|TV7>FQ8 7>FHTV7EC< 5 •BCE8
I67  aA  ‚bt^9pm

0H›
6m/oq7x`D7@NPFQ7ˆ`D7EKkG†•BCR^KXFQ7_R`aGcbDR|TV7EKL9}RU=B7ECE7S=WR|tnRUFQ7Z7>fsRU5 Fk3QGJCRCE8=6FHGJI67EKQRU=BI68N
FQ7ˆ8|FQ7>M TV7>FQ8|TBKB58 TBKkGJ8I‹R^I68|TV7>fJ8FQ7>M TV7>FQ8g7>FHTV7EC< 5 •BCE8CE8<9;8|MB9}R|CR^KkbDR
IaGcFk3@KkGc‡6MŽ 5 I‹RCE8=6Fk3uRU=?3@7<m
1;>XRUfJC>M6fŠRNPFQ7|Rg=B8s`R:3@7>=6FsR^\ 89 R5 [6GJ9}RR#3@KQR>`e7>5 FqI67~“  ' ™>ABfJ7E9‡BKQRU=BI68NPFQ7
ŒMB7   % 7}5 8‡{3QGJI68RUb?8<KQR Gc=BC>fcM6Gc=BI68 8pTV7>FQ8pTBKB58 TBKkGJ8‘=B8‘CR^KLKL7>bDRN
9;7>=?3@8g8<KkGcb<Gc=WRUf I‹R_`aGcbDRam
1 {7 % RUFHFHGJ9 CRUfJC>M6fŠR^I68tv8<K˜Gc=atv7EKkGJ8<KR e AR `aGcbDR
TV7EKL9}RU=B7ECE7l=WRXtnRUFQ7

7>fsRU5 Fk3QGJCRam >XRUFQ8,CE8=?3@KBR^5 KkGJ8BAI67x`D7@NPFQ7qKL7EIaGJ9;7>=6FHGJ8=WR^K4R`aGcbDRaADRUT6fcGJCRU=BI68


8TBKL8OCE7EIaGJ9;7>=?3@8RU=?3@7EKkGJ8<Ksmdh9 b?7EKQRUfnAB7>Fk3@7ZTBKL8OCE7>FHFQ8 7Z5 Gw3@7EKQR#3QGw`D8~R#367 5
FQ7>fJ7EC>GJ8=WR^KdMB9 TV7EK–•6fŽR^I67sŒMWR^I68Bm
  

       


 ‹ & -   -  '
!


!#"%$'&)*,( + -/.!$0"%1$ +324+ &!4#56'.! +32

+  2 !873:9 ;=< 2>+32?+ @A. 2 $CB D  E EF#"%$G + H8HIJ&K$GEL6MN O 


P Q
&KSR 3
7  + . 2 RT 2 (  2 %"UV $ 2W %" 2 +32=+ N X 2 "%$Y
  ' ' O

Z
H$ 2W %" 2 2 #"3
7 [\] + F 2]^ _"U 2 S" 2 8`\ 1!56[a& 2 0$'&bcde 2 S"%$Y


2  f2 ( "%$'g . › + A. 2 $CBh\ Ojik#"Ul 2 R 3
7 m2 ( &j"%C\ nbc + 8l EF#"%$G + o8

IJ&K$GpL6M W  D oa&!N\ 2 #"S ( 2 K#"U + 4q&  2]^ "%$ 2 r +  +32)2 &


Q
2 %"Uls& 
$0RT=t 2 S"%$G + ?u  =' v 8=&j"%$G 2]^ "%$ 2 r +  +32 Oswx W20y 2 a& 2 

_" }"
D
2 $',N\ + Fz$ 2W %" 2 {&.q$0"U|& 2 !873  ( ^   +32 0@0N\56 2 S"~


     O4w  Wr2 #"U? + %R  7 2 D . 2]+320y 2 a&!N\ 2 U.!_RT 2 S"~

E EF#"%$G 
 ' '
5j E]€2 X  2  2 S"%$ 2 F$ 2W %" 2 D  + r8>IJ&K$GHL6M W O/‚ƒ y

+ Fc„…9 [† <   O ‚ƒ + F= 2  f2 ( "%$'gF + ‡. 2 $CBh\ „

›  
 D
+ @#"
X t0, +  W  2 _"j2 ( d 2 S"%$Yˆ 2  f2 ( "%$'g + ‡ 2 R 3
7  [†


  E
!     = @

( $ 2  + o 2 R 3
7 l"%$G! 2 $0N\ + ). 2 $CBh\ † 2 S"~ +32 1ƒ2 ( $Y0,

2 $ 2 \‰_R 3
7 =3 2  ^ Ša& 2 .!]0>. 2 \l&K$Y + F>$ 2W %" 2 O

‚ 2 U.8$ 2 bc$:E$ 2 "%1$G +  +32 _" 2 $',N\]&‹0 + l. 2 \Œ&K$Y + $ 2W %" 2 O

0D
     $, ' %21 ) D/ % , /20 . %21 ) '**%2#, 3$,*%   /3 (% :
“  ™
D  “  ' ™  '     D
I $Y] +32 0@0N\56 2 S"~a& 2 $ 2W %" 2 .q +32 &.q$0"U$ %u

  
' D' 
D  =  
u
  %
  
D     
 N
( \0&6\ +  E 2 S"~ +32 1ƒ2 ( $Y0, "~N"UN\  ! 
 +  2 R 3
7 

 Q › % ,/02. %21 ) '**%2#, 3$,*%   ) $#('*)5$, ' % < '* 0 ):
P
IJ&K$G _ 
L C\ &‹#"%$G  2 R 3
7  "%$G! 2 $0N\ +     +  y

2 !87 2  2  2 ]J($',.!$G>?)N
( \0&6\ +  E 2 S"~ +32 1ƒ2 ( $Y0, +  2 R 3
7 3O

Z
W 2 $' y 2 a& 2 D

 D
!  = !  !



=  ›  =
9
:;
;


 +32 !    = <G9 2 (  E 2 S"~ +32 1ƒ2 ( $Y0, + #56'.! † !
2

$ 2 .8$ 2 2 S"U D $ 2 U. 2 c"%1  " 2 D
2 S  E 2 S"~ +32 1ƒ2 ( $Y0, 2  
( $ 2  + 

2 R 3
7 {
*  (   , &   *  *-,
W "% + F +32 & {"U W2 \‰ +32 . 2 $CB O ]3 D

 $ " * " ! (  "  !   ( ,  " 


+* &
"  ( ,   
" 
0
!  =   ' ' ' @   =     = @  “    D™ “(    <™ D 
!   ' ' ' @  =     =  =   =  @  ' =    @
Ih\ & ^  +32 0@0N\56 2 S"~  $0RT4.q$Œ&Kq +  +32o+32  p.8$' 
2 S"~ ƒ_"%&! + 

2 & . 2 $CBh\ „

   !    “7‹™


 +32
   = ' u  ='''' O

 N
( \0&6\ +  E 2 S"~ 2 #"S_
( "%g +32 
( $ 2 

P
a&K>" 2 #"U y 2  +32 W N\‰t 2  2 S"~ +32 $0RT
t$ N\o_"%&! +  2
&  2 cR 3
7  + . 2 $CBh\ D  EHC\ &‹#"%$G + H8HIJ&K$G L  O
 W  $0"US"~ D

 
}“  ™  

  =  ›
9



   

  D 

  9

=   ›
 “ = '   <™          

Ih\ & ^  +32 0nbcN\56 2 S"~ D 2 "~ + {l. 2 $CBh\

= ''''
   !   7“ ‹™  ' =    @           
u

 2 "U +32ƒ+32 #" 2  & ^  +32  2 2 $l&.q$0"U + . 2 \Fo$ 2W %" 2 B ^ F 2 ] + 

\‰ + 3O I b 2  + { W N\‰SR +32 $0RTc„

  =      =
   = =     Fu :;
   =   = 
u
     


0@

You might also like