Scénarisation et Réalisation Une introduction

! !

! !

! !

! !

! !

! .#66#! &(6$'5786&'(! #%6! 7(#! %9(60:%#! 5;'7! 5;#?2@$&#(8#%! =14(@#%! 80#A! 5#%! 2$'B#%%&'((#1%! 57!

! C'(5#!#(6&#$D!E(!4787(!84%>!8#!5'87C#(6!(;47$4!14!2$@6#(6&'(!5;7(#!24$6!5;F6$#!#?047%6&B!#6!5;476$#!

! 24$6! 5#! B'7$(&$! 5#%! $:=1#%D! G1! (;9! 4! 24%! 5;4CH&6&'(>! I7%6#! 1#! %'704&6! 5;@814&$#$! 47! C?! 7(! 7(&! 4H'$54H1#>!

! 2@54='=&J7#!C4&%!L!804$=@!N!C41=$@!6'76!5#!%8@(4$&%46&'(>!5#!6#80(&J7#!#6!O!5;#?2:$&#(8#D!P'7%!(#!

! 1;4!47%%&!2'7$!('7%!CFC#!('7%!1;4!#(!B'(86&'(!5#!('%!1#867$#%!#6!5#!('%!#?2@$&#(8#%D!K4!2:$1:$?@564$A61/B$1CD/6@E$$$$7$$$#)((($F@$>03G:$H2/$I06$$7$$J/@63:$ %&!!&'(()$ !!%$>2:$1:$?@564$A61/B$1CD/6@E$$$$7$$$#)((($F@$>03G:$H2/$I06$$7$$J/@63:$

$ +BK"J@L$M($')!$N%'$'ON$$$J/::PL$M$($#Q($RO'$RON$$SH!5#!8'(8#26&'(!M!24$6&$!5;7(!%7I#6!$@#1D!

! .'CC#!8;#%6!1#!84%!2'7$!1;@8$&67$#!5;7(#!B&86&'(>!1;476#7$!8'CC#(8#!M!%;&(B'$C#$!%7$!%'(!%7I#6>!M!B4&$#!

! 5#%! $#80#$80#%! SH&H1&'=$420&#>! B&1C'=$420&#>! G(6#$(#6OTD! Q4(%! 1#! 845$#! 5;7(! 5'87C#(64&$#>! 1#%!

! $#2@$4=#%!%'(6!(@8#%%4&$#%!5:%!14!204%#!5;@8$&67$#D!

X'CC4&$#! !

)D! G(6$'5786&'(! .;#%6!@=41#C#(6!47!8'7$%!5#!8#66#!=#(:%#!57!2$'I#6!J7#!! 8#%! &(6#$! 57! 2'&(6! 5#! ! 8#! %'(6! 8#%! 2#$%'((#%!

-D! ['7$(4=#! S2#$%'((4=#%T!J7&!!1#!2'7%%#$!M!%;&5#(6&B&#$>!%;&C21&J7#$!54(%!1#!$@8&6>!8#!%'(6!#7?!

,D! _'(64=#! J7&!! &1! 4! 7(#! 5&C#(%&'(! 5#! %2#86481#>! 5#!

.'(6$4&$#C#(6!M!8#!J7;'(!2'7$$4&6!2#(%#$>!7(!5'87C#(64&$#!(#!%#!6'7$(#!24%!L!%7$!1#!!14!21724$6! 5&!&1!2$#(5!(4&%%4(8#!%'7%!B'$C#!5#!%8@(4$&'D! .;#%6! 14! $4&%'(! 2'7$! 14J7#11#! '(! 4221&J7#! 1#! 6#$C#! 5#! (4$$46&'(>! ! 47!

X&!7(!$@41&%46#7$!2#76>!54(%!1;4H%'17>!=$&BB'((#$!J7#1J7#%!('6#%!4!&1! 5'87C#(64&$#D!G1!B476!2#(%#$>!47!8'7$%!5#!1;@8$&67$#>!M!7(!84%6&(=>!47!$960C#!57!$@8&6>!@!57!%7%2#(%#O!

a!C'&(%!5#!%;476'!B&(4(8#$>!&1!17&!B476!6$'7!27&%!7(!5&BB7%#7$D! E(!B4&%4(6!5#%!$#80#$80#%>!&1!B476!('(!%#71#C#(6!%#!8'(8#(6$#$!%7$!1#%!B4&6%!1&@%!47!5'87C#(64&$#>!C4&%!

/'7$! 8'(! 1;476#7$! 57! B767$! 5'87C#(64&$#! !('6#!5;&(6#(6&'(!#6O!%8@(4$&'D! !

! Y(#!B'&%!J7#!1;476#7$!%;#%6!H&#(!L!&CC#$=@!N!54(%!%'(!%7I#6>!&1!!

_4&%! 8'CC#(6! 8'780#$! %7$! 242&#$! 7(! 24$6&! 2$&%! 5#! C&%#! #(! %8:(#>! 8'CC#(6! 4(6&8&2#$! 1#! 8'(6#(7! &1!5@B&(&6!814&$#C#(6!1#!%7I#6!#6!1#!60:C#!5#!%'(!B&1CD!/7&%>!&1!5'&6!%@1#86&'((#$!1#%!@1@C#(6%!J7&!%#$!#?2$&C#$!%'(!2$'2$#!2'&(6!5#!!80'&?!5#!%8:(#%>!5#!%&6746&'(%>!5#!2#$%'((#%O!

J7&!(;'(6!24%!#(8'$#!@6@!6'7$(@#%!^! !

! E8$&$#! 7(! 5'87C#(64&$#>! 8;#%6! 47%%&! %#! 5#C4(5#$! 8#! J7;'(! ! J7#1%!

! %#$'(6!1#%!2$&(8&247?!2'&(6%!4H'$5@%!#6!1#7$%!1&#(%!#(6$#!#7?>!J7#11#%!%#$'(6!1#%!&C4=#%!%7%8#26&H1#%!5#!

>3!?1@,)*A#,!B1@1%!0+#15,%*&(',!6! B'7$(&$! 5#%! &(5&8#%! %7221@C#(64&$#%O! K#! B&1C! 5'&6! 24%%#$! 24$! 217%$%! 204%#%! ]J7#%6&'((#C#(6>!

! #?21&846&'(!#6!8'(817%&'(D!

G1! #?&%6#! 5&! 5#! 24$6! 1#7$! 57$@#>! C4&%! 47%%&! #6! %7$6'76>! 5#! 24$6! 1#7$! !

B'$C#D! Q&!=@'=$420&J7#>!4(&C41&#$>!L!C4j&(=!'BB!N>! g!@(7C@$46&'(!S7(!20@('C:(#!#6!217%$%!847%#%T!

2'$6$4&6!S8@1@H$&6@%!'7!2#$%'((4=#%!57!J7'6&5&#(T>!B&1C!5;'H%#$!H&'=$420&#>!#(J7F6#O!.#$64&(%! g!847%#!*!8'(%@J7#(8#!S14!8'(%@J7#(8#!5#!5;476$#%!M!14!B&86&'(D! g!2$'H1:C#!*!%'176&'(!S2$'H1:C#>!847%#!57!2$'H1:C#>!%'176&'(T!

k(!422$#(5%!217%!%7$!1#%!#(B4(6%!C#7$6$&#$%!54(%!E1#204(6!Sl7%!"4(!X4(6>!V++ZT!J7#!54(%!U'e1&(=! g!8'C24$4&%'(!S5&BB@$#(8#%>!$#%%#CH14(8#%>!%&C&1&675#%T!

B'$!.'17CH&(#!S_&804#1!_''$#>!V++VT>!41'$%!J7#!1;7(!#%6!7(#!B&86&'(!H4%#!%7$!7(!B4&6!$##1!#6!1;476$#!7(! !

5'87C#(64&$#D! K#%! '26&'(%! J7&! %;'BB$#(6! M! 1;476#7$! %'(6! ! 7(#! =$4(5#! 24$6&#! 57! 6$4!B&1C!$#6$4o4(6!1#!8'CH46!5;7(! 5'87C#(64&$#!8'(%&%6#!M!#BB#867#$!8#%!80'&?D!G1!(;9!4!24%!5#!B'$C71#!692#>!5#!24$6&c2$&%!5#!$@41&%46&'(!

4! 4887%@! 5#! C#7$6$#! %4(%! 4787(#! 2$#7!8;#%6!J7#!14!B'$C#!

! 1#! 5'87C#(64&$#! #%6! %6$&86#C#(6! 8'(%6$7&6! 8'CC#! 7(! 1'(=! C@6$4=#! 5#! B&86&'(! ]! %6$7867$#! #(! 5'&6!%7&!8;#%6!M!5&$#!J7#!1#!2$'I#6!$@5&=@!%7$!242&#$!5'&6!%7==@$#$!1#!=#($#!5#!B&1C!J7;'(!

6$'&%!486#%>!2$'64='(&%6#!J7&!C:(#!7(#!#(J7F6#>!'H%6481#%>!%7%2#(%#>!81&C4?!#6!$@%'176&'(D! %'704&6#!$@41&%#$>!J7#!1#!14(=4=#!76&1&%@!5'&6!F6$#!8'0@$#(6!4!J7#1!J7#!%'&6!%4!B'$C#!'7!%'(!%7I#6>!7(!5'87C#(64&$#!%#!H4%#!%7$!1#!$@#1!]!7(!B4&6>!7(!1>!7(! 73!!8+%*,'!1%!0+))(,'!9+1'!.,!9'+01#*,1':!.,!0(;;1),1'!

@2&%'5#!0&%6'$&J7#!'7!7(!2#$%'((4=#!#?&%64(6D!K#!2'%67146!5#!5@24$6!#%6!6'7I'7$%!1#!CFC#!]!'(!2$#(5! !

4227&! %7$! 7(#! $@41&6@! 2'7$! #(! 5&$#! 217%>! 2'7$! C'(6$#$! J7#1J7#! 80'%#! 5#! 217%! 14$=#D! G1! %;4=&6! 2'7$! K;476#7$!!27&%>!7(!5&BB7%#7$>!5;#(=4=#$!5#%!

1;476#7$!5;&5#(6&B&#$!8#!J7&>!54(%!8#66#!$@41&6@>!2#76!8'(%6&67#$!7(#!0&%6'&$#D! B'(5%!54(%!%'(!2$'I#6D!K4!21724$6!57!6#C2%>!1#!$@41&%46#7$!(#!5&%2'%#!M!8#!%645#!5;4787(#!&C4=#!S&1!

.;#%6!1M!J7#!5'87C#(64&$#!#6!B&86&'(!%#!$#I'&=(#(6D!Q4(%!1#%!5#7?!84%>!'(!24$1#!5;0&%6'&$#>!5#!60:C#>!5#! 2#76!@!8;#%6!

2'&(6!5#!!5#!%&6746&'(%>!5#!%8:(#%>!! 1#!5'%%&#$D!

1;@642#!57!%8@(4$&'!! 5;7(#! ('6#! 5;&(6#(6&'(! #6! 57! %8@(4$&'! 17&c

! CFC#D!

K#!5'87C#(64&$#!C#6!#(!$#146&'(!S8'C24$4&%'(>!8'((#?&'(T!7(!%7I#6!$@#1!4! !

C4&%!8;#%6!47%%&!7(#!(4$$46&'(>!7(#!B4o'(!24$6&871&:$#!5#!8'(6#$!7(#!0&%6'&$#D!

R"##$ *+,-$./01234506$7$$56809:453;/01234506&302:$1:$?@564$A61/B$1CD/6@E$$$$7$$$#)((($F@$>03G:$H2/$I06$$7$$J/@63:$ %&!!&'(()$ !!%$>2:$1:$?@564$A61/B$1CD/6@E$$$$7$$$#)((($F@$>03G:$H2/$I06$$7$$J/@63:$

$ +BK"J@L$M($')!$N%'$'ON$$$J/::PL$M$($#Q($RO'$RON$$SH!1;476#7$!#?2'%#!$42&5#C#(6!1#!%7I#6!5#!%'(!B&1C>!14!6$4C#!5#!1;0&%6'&$#>!1#%!1?! .;#%6!2$@8&%@C#(6!24$8#!J7#!1#!6'7$(4=#!5;7(!5'87C#(64&$#!422'$6#!7(!1'6!5#!B$4p80#7$>!5#!%7$2$&%#>!

#6!1#%!2#$%'((#%!J7;&1!8'C26#!B&1C#$!C4&%!&1!5'&6!%7$6'76!5@B#(5$#!%'(!2'&(6!5#!! 5;&C2$@!J7#!1;@642#!57!C'(64=#!!1;4(=1#!J7;&1!4!80'&%&D!Q#7?&:C#!2'&(6!842&641>!1#!$@41&%46#7$!5'&6!8'(!5#!1;@C'6&'(>!J7#!1#!%2#8646#7$!2#76!$#6&$#$!5#!8#!5'87C#(64&$#D!.#!6#?6#!#%6!%#(%@!2#$C#66$#! K;476#7$>!J7&>!47!%645#!5#!1;@8$&67$#>!(#!2'7!J7;#11#!%;4221&J7#!47! 5&$#! 5#! %#! $#6$'7! ! 5;&C4=#%! %2'(64(@#%! J7&!

5'87C#(64&$#! '7! M! 14! B&86&'(>! 14! ('6#! 5;&(6#(6&'(! $#C21&6! 6'7I'7$%! 14! CFC#! B'(86&'(! ]! 8'(! 2#7! 1#! $@41&%46#7$! !$4%%7$#$!%7$!14!!57!6$&!24$C&!6'76#%!1#%!0#7$#%!5#!$7%0#%!M!%4!5&%2'%6&'(D!

! !

K#!%9('2%&%!$@%7C#>!@642#!24$!@642#>!1#!%6$7867$#!57!B767$!B&1C!#6!%'(!8'(6#(7D!G1!B4&6!7(!H$#B!$422#1!57! .;#%6!1#!C'(64=#!J7&!!%'71&=(#$!1#%!#(804p(#C#(6%!#(6$#!1#%!5&! 57! 8'(6#?6#! 0&%6'$&J7#>! =@'=$420&J7#>! %'8&'1'=&J7#>! %;&1! 9! 4! 1! 5#! 1#! B4&$#D! G1! 2#76! 24$6&#%! 57! $@8&6>! 8$@#$! 7(#! 7(&6@! ! %7$6'76! J74(5! &1! $#2'%#! %7$! 5#! ('CH$#7%#%! &(6#$! 1#!

5'87C#(6!#%6!5#!5'((#$!#(!&1!5'&6!5'(8!1#!$#2$@%#(6#$!4!64(6!24$!1#! C'(64=#!2#$C#6!5#!%722$&C#$!6'76!8#!J7&!$#5'(5#(6!54(%!1#!5&%8'7$%!5#%!&(6#$!6'7%!1#%!6#C2%!

%691#!J7#!24$!1#!$960C#D! C'$6%D!_4&%!&1!'BB$#!47!$@41&%46#7$!H&#(!5;476$#%!2'%%&H&1&6@%!2'7$!$#(5$#!1#%!&C4=#%!217%!59(4C&J7#%>!

! 2'7$!8$@#$!5#%!#(I#7?>!!'7!#(8'$#>!1#%!

h74(6!M!14!6$'&%&:C#!2&:8#!57!5'%%&#$>!#11#!2#76!F6$#!&(5&BB@$#CC#(6!7(!%8@(4$&'!'7!7(!6$4&6#C#(6>!6'76! 5@8'C2'%#$! #(! 217%$%! 8'7$6%! 24%%4=#%! J7&! %#$'(6! 5&%%@C&(@%! 6'76! 47! 1'(=! 57! B&1C>! H$#B>! 1#%!

5@2#(5!#(!B4&6!5#!14!B'$C#!57!5'87C#(64&$#D!K'$%J7#!1#!%7I#6!#%6!6$4&6@!5;7(#!B4o'(!6$:%!2$'80#!5#!14! '22'$67(&6@%!%'(6!C716&21#%D!

B&86&'(>! &1! ! 7(! 5'87C#(64&$#! 5#! .1475&(#! U'$&#%! J7&! C'(6$#! 1#! J7'6&5&#(! 5;7(! 8#(6$#! 5#! C@5&46&'(>! E8$&$#!7(!%8@(4$&'!5#!5'87C#(64&$#!#%6!7(#!5@C4$80#!J7&!2#76!%#CH1#$!4$57#!5#!2$&C#!4H'$5>!24$8#!

$#%%#CH1#!6$4&6!2'7$!6$4&6!M!7(!%8@(4$&'!5#!B&86&'(!]!%6$7867$#!5@8'72@#!#(!486#%>!#(!%8:(#%>!2$'1'=7#>! J7;#11#!'H1&=#!1;476#7$!M!4(6&8&2#$!7(!$@#1!J7&!(;4!24%!#(8'$#!#7!1D!

@2&1'=7#!#6!CFC#O!5&41'=7#%D!E8$&$#!5#%!5&41'=7#%!2$@8&%!54(%!7(!%8@(4$&'!5#!5'87C#(64&$#!(;#%6! !

24%!7(#!B4o'(!5#!L!6$7J7#$!N!14!$@41&6@!47!C'C#(6!57!6'7$(4=#>!C4&%!5;4BB&$C#$!5:%!1;@8$&67$#!J7#!14! Y(#!H'((#!&5@#!(;#%6!24%!%7BB&%4(6#!2'7$!5'((#$!(4&%%4(8#!M!7(!H'(!B&1C>!#(8'$#!B476c&1!2$@%#(6#$!7(#!

24$'1#!%#$4!C&%#!47!2$#C&#$!214(!54(%!1#!B767$!B&1CD! 0&%6'&$#>!5#%!2#$%'((4=#%>!5#%!#(I#7?D!_4&%!8#66#!@642#!#%6!47%%&!7(!C'9#(!5#!2$#(5$#!57!$#871!%7$!1#!

! %7I#6!57!B&1C>!5#!%#!2'%#$!5#%!J7#%6&'(%>!5#!5'((#$!5#!1;@24&%%#7$>!5#!14!C467$&6@!47!2$'I#6D!['7$(#$!7(!

Y(!5'87C#(64&$#!(;#%6!24%!6#(7!5#!5@8$&$#!14!$@41&6@!5#!B4o'(!H$76#>!5#!$#%2#86#$!14!80$'('1'=&#!5#%! 5'87C#(64&$#>!8;#%6!B&1C#$!1;&(8'((7>!#6!1;@8$&67$#!9!2$@24$#D!K;@14H'$46&'(!5;7(!B&1C!5'87C#(64&$#!(;#%6!

@!(&!5;76&1&%#$!7(#!(4$$46&'(!1&(@4&$#D!h74(5!1#!B&1C>!24$!%'(!8'(8#26>!%;@1'&=(#!5#!14!B&86&'(>!&1! #(! 5@B&(&6&! 5#!

!&(6#$! 2$@%#(6#$!5#%!2#$%'((4=#%D!.#$64&(%!B&1C%!5'87C#(64&$#%!8'(6&#((#(6!5;4&11#7$%!7(#!24$6!5#!B&86&'(D!

#?6$4&6%!5#!B&1C%>!20'6'%>!#6!C'(6$#!14!C4(&:$#!5'(6!&1%!%#$'(6!'$=4(&%@%!#(6$#!#7?D! !

.#! %8@(4$&'! S'7! 6$4&6#C#(6T! #%6! #(! J7#1J7#! %'$6#! 1#! $@8&6! 5;7(#! $@41&6@! 5'(6! 1;476#7$! 4! @6@! 6@C'&(! 47! /$#(5$#! 1#! 6#C2%! 5#! 8'780#$! %7$! 242&#$! %'(! 2$'I#6! 5#! 5'87C#(64&$#>! 8;#%6! 47%%&! C#66$#! 6'76#%! 1#%!

C'C#(6!5#%!$#2@$4=#%!#6!J7&!17&!4!5'((@!7(!5@%&$!5#!B&1C>!$@41&6@!J7&!%#$4!$@4C@(4=@#!47!C'C#(6!57! 804(8#%! 5#! %'(! 8f6@! 47! C'C#(6! 5#%! 5@C4$80#%! #(! ! 5;7(#! 5&BB7%&'(D! h7;&1%!

6'7$(4=#D! 4224$6&#((#(6!47!.P.!'7!M!7(#!804p(#!5#!6@1@!1#%!5@8&5#7$%!'(6!5#%!466#(6#%!$&='7$#7%#%!!24$!%'(!84$486:$#!5@B&(&6&B>!1#%!$4%%7$#!J74(6!47?!&(6#(6&'(%!57!$@41&%46#7$D!/17%!

K#! %8@(4$&'! 5#! 5'87C#(64&$#! %7==:$#! 8'CC#(6! 1#! B&1C! %#$4! '$=4(&%@! 2'7$! 8'CC7(&J7#$! 1#%! 1#!5'%%&#$!#%6!5@!217%!&1!#%6!1#!=4=#!5;7(!6$4!C4&%!8#!(;#%6!24%!7(!6#?6#!B&=@>!%#71#C#(6!7(!'76&1!5#!6$4!5#!2$'%2#86&'(>! !

5'(6!1;@8$&67$#!! 1#! %8@(4$&'! #%6! 7(! '76&1! 2$@2'(5@$4(6! #6! 76&1&%@! 24$!

804J7#! &(6#$! 1#! $@41&%46#7$! 5#! 5'87C#(64&$#! ! 5#!

C#66$#!54(%!1#7$%!H'780#%!5#%!20$4%#%!@8$&6#%!54(%!1#!%8@(4$&'D!h74(6!47!$@41&%46#7$>!&1!4!H#%'&(!5#!

$#6$'7!1#!%8@(4$&'!4!8#2#(54(6!7(!$f1#!5#!C@5&46#7$!M!I'7#$!]!&1!#%6!7(!'76&1!

5#! 5&41'=7#! #(6$#! 1#! $@41&%46#7$! #6!%#%!6#80(&8&#(%>!7(!6@C'&=(4=#!5#!%#%!#(!%#%!24$6&%c2$&%!5#!

C&%#!#(!%8:(#D!

Q#!H'((#%!&C4=#%!'(6!H#%'&(!5;F6$#!2$@24$@#%>!214(&B&@#%D!

.#! J7&! ! 7(#! &(6#$2$@646&'(! 5#! 1;@!5#!=4$5#cB'7!2'7$!6'76#!1;@J7&2#!5#!6'7$(4=#D!

!

!

G3!!D,!5+%*&F,!

!





)"##$ *+,-$./01234506$7$$56809:453;/01234506&302:$1:$?@564$A61/B$1CD/6@E$$$$7$$$#)((($F@$>03G:$H2/$I06$$7$$J/@63:$ %&!!&'(()$ !!%$>2:$1:$?@564$A61/B$1CD/6@E$$$$7$$$#)((($F@$>03G:$H2/$I06$$7$$J/@63:$

$ +BK"J@L$M($')!$N%'$'ON$$$J/::PL$M$($#Q($RO'$RON$$SH! I#! 5&$4&%>! 8;@64&6! 2'1&6&J7#C#(6! #(!

E(6$#6&#(!4! o4! 4! @6@! !57!)\!47!VZ!4'u6!V++Z! !"#$%&%'()*+,%-*./0.(%("#(*%1*((*%-'2)"/*%3%

m;9!%7&%!411@#!2$#%J7#!6'7%!1#%!4(%D!m;4! J74(5! I;4&! 8'CC#(8@! M!411#$!#(!aB$&J7#!57!X75D!_4&%!J74(5!'(!4!%7!J7#!_4(5#14!

! 4114&6! F6$#! 1&H@$@>! I;4&! #7! #(! @!8'CC#!'(!4!422$&%!J7;&1!9!4114&6!4!I#!C#!%7&%!

#(!aB$&J7#!57!X75>!1#%!B#CC#%!%'(6!1#%!=4$5&#((#%!57!B'9#$D!K;4H%#(8#!5#%!0'CC#%>!24$6&%!6$4!&1!B476!J7#!I#!%'&%!1M>!&1!B476!J7#!I#!!#68D!E(!217%>!I#!6$4!&(%647$#!7(#!'$=4(&%46&'(!5#!14!!J7&!(;@64&6!24%!1#!24$6&!5#!_4(5#14D!.;@64&6!4%%#A!&(6@$#%%4(6!5#!! _4?717! #6! l4(#20&! ('7%! $48'(6#(6! 8'CC#(6! #11#%! ! 14! .;#%6! 2'7$! 5&$#! J7#! 8;#%6! 7(! 249%! J7#! I#! 8'((4&%! H&#(>! J7#! I;9! 4&! 24%%@! H#478'72! 5#! 6#C2%D! .;#%6!

%@24$46&'(! 4! 1#7$%! $#146&'(%! 4! 14! H#11#cB4C&11#>! 1#%! @! I;4&! H#%'&(! 5#! 24%%#$! 57! 6#C2%! 2'7$! 2'7! 1#! B&1C! C#6! #(! %8:(#! 1#! B#7&11#6'(! J7'6&5&#(!5#%!B#CC#%!A'71'7%D! J7#1J7#!80'%#>!&1!C#!B476!H#478'72!5#!6#C2%!4!4C&6&@!#6!I41'7%&#!2&C#(6#(6!1#7$!!M!B'$8#!5#!8'((4p6$#!1#!249%>!#6!5;4!

8'(6&(#(6!4B$&84&(>!ECC4(7#11#!U&5'7!4!%7&!5#%!54(%#%D!E(!217%>!

$@41&%@!5#7?!B&1C%!5'87C#(64&$#%!]!YH701#!U#CH41&!SV+++T!#6!aC'7$%!A'71'7%!SV++VT! 1#%!0'CC#%!%'(6!6$:%!486#7$%>!1#%!r'71'7%!%'(6!6$:%!486#7$%D!['76!5#!%7&6#>!I#!C#!%7&%!5&6!J7;&1!9!4!o4!(#!249#!24%>!#6!B&(41#C#(6!8#!(;#%6!24%!7(!C@6&#$!B48&1#>!24$8#!

X'CC4&$#! J7;M!24$6!#(6$#$!47!.P3X>!67!(#!2#7?!24%!B4&$#!=$4(5!80'%#!5;476$#D!Q'(8!57!8'72>!I#!C#!%7&%!5&6!]!&1!9!

! 4! 7(! B&1C! M! B4&$#>! 8;#%6! 6$:%! !I#!C;@64&%!5&6!]!I#!B#$4&!7(!B&1C!J7&!%#$4!1&@!4! M! B'$8#! 5#! 24$1#$! 4! o4! C;4! 24$7! @! 27&%J7#! 8'CC#! 1#%! =#(%! %'(6! %@24$@%>! 5;411#$! ! 8;@64&6! 1'=&J7#O! Q'(8! I;4&!

WD! E8$&$#!2'7$!7(!5&BB7%#7$! H#478'72!6$4p(@!#(!aB$&J7#!57!X75>!54(%!1#%!!#6!I;4&!$#2@$@>!I;4&!24%%@!57!6#C2%D!K#!B&1C!4!C&%!

-D! 3#2@$4=#%!]!6$'7!J7#!Is@64&%!5@IM!411@#!!

\D! E8$&$#!1#!5@%&$!217%!J7#!1#!5@$'71#C#(6!57!B&1C! 5'(8!I;4!1;0&%6'&$#>!8;#%6!J7;a=460#!R&1C%!C;4!2$&%#!2'7$!C'(!2$#C&#$>!#6!C;4!2$&%#!2'7$!C'(!5#7?&:C#!

))D! a(6&8&2#$!1#%!%8:(#%! %4(%!C#!5#C4(5#$!5#!2$'I#6D!

)VD! l4$5#$!1#!8'(6486!#(6$#!$#2@$4=#%!#6!6'7$(4=#! !

)ZD! X#!21&#$!47?!#?&=#(8#%!57!5&BB7%#7$! 80.$%4"#$%/*60./*2%/*%-2"9*(%3%

! k(!C;4!5&6!]!67!!0#&(!^!G1%!C;'(6!B4&6!8'(B&4(8#!5:%!1#!5@24$6D!

! !

! !

! 23!D@,%F&F,5,%*!0@1%,!9'+01#*(+%!)&%)!9'+H,*!$#'(*!&1!9'$&.&I.,!

!2'7$!1#J7#1!'(!4! 1;0&%6'&$#>! 8;#%6! J7#! I;4&! B4&6! 7(! 2$#C&#$! B&1C! %7$! 7(! B'9#$! 5#! 6$4!2'7$!#7?!47%%&>!o4!1#7$!24$4&%%4&6!('$C41>!5;411#$!!J7;&1!9!4&6!7(#!

SYH7071#! U#CH41&! ]! 14! H#476@! 5#%! B1#7$%TD! t4! B4&6! 5'7A#! 4(%! J7#! I#! 6$4! %7&6#D! Q7! 8'72>! a=460#! 4! 2$'57&6! C'(! 5#7?&:C#! %4(%! 6$'2! %#! 2'%#$! 5#! J7#%6&'(%D! t4! C;4! 2#$C&%!

I;#($#=&%6$4&%!5#%!C7%&J7#%D!m#!%7&%!#60('cC7%&8'1'=7#!M!14!H4%#>!I#!(;4&!I4C4&%!B4&6!5#!8&(@C4!4! 5;4!8#!J7&!#%6!J74(5!CFC#!%72#$O!_4&%!8;#%6!1'(=>!5;@8$&$#D!m;4&!C&%!

I#!(;4&!I4C4&%!B4&6!5;@675#%!5#!8&(@C4D! %&?!C'&%!2'7$!@8$&$#!1#!2$'I#6>!#(!H'%%4(6!24%!C41D!a2$:%>!8'CC#(6!67!'2:$#%O!h74(5!I;4&!B4&6!C'(!

! 2$#C&#$!B&1C>!I;4&!B4&6!7(!%64=#!&8&>!M!14!$@%&5#(8#!5;@8$&67$#!5#!K7%%4%>!J7&!#%6!7(!6$:%>!6$:%!H'(!%64=#>!

:%;#*55*%'-";#*%1!o4!57$#!%#26!%#C4&(#%>!67!#%!!M!14!84C24=(#>!47!C'&%!5#!C4&>!67!(#!

a%%#A!64$5>!I;4&!8'CC#(8@!M!9!6$4!67!(;4%!$&#(!5;476$#!J7&!6#!!64(5&%!J7;M!/4$&%>!8;#%6!H#478'72!217%!5&BB&8&1#!5;@8$&$#D!K4!

! 84C24=(#>!8;#%6!!'(!@64&6!6'7%!1M!2'7$!@8$&$#!

=*%.*)/%3% 7(! 2$'I#6>! '(! @64&6! 6'7%!1M!2'7$!14!CFC#!80'%#>!#6!8;@64&6!!C4&%!I;@64&%!5#27&%!)b`b!#(!aB$&J7#!57!X75D! 476$#%>!5#!%4!!%7$!1#%!8&(J>!&1!9!#(!4!J746$#!J7&!

! '(6!B&(&!1#7$!B&1CD!Q'(8!o4!4!@6@!4%%#A!$42&5#>!2'7$!C'(!2$#C&#$>!5#!1;@8$&$#>!24$8#!J7#!I;4&!#7!8#66#!4&5#!

! &8&D!K#!5#7?&:C#>!o4!4!@6@!7(!2#7!217%!8'C21&J7@>!24$8#!J7#!I;@64&%!%#71#!M!/4$&%D![7!C#6%!%&?!C'&%!M!

>3!"@(59'$F%,'!01!*,''&(%! @8$&$#>!67!B4&%!$#1&$#D!

! !

!"#$%'()*+%/'9?%/0.$%5*$%@"&*2$%3% !

a!I#!6$4!54(%!1#%!6'e(%0&2%D!.;@64&6!6$:%!8'C21&J7@!5;411#$!54(%!1#%! 73!J#'(',!9+1'!1%!0(;;1),1'!

!

Q"##$ *+,-$./01234506$7$$56809:453;/01234506&302:$1:$?@564$A61/B$1CD/6@E$$$$7$$$#)((($F@$>03G:$H2/$I06$$7$$J/@63:$ %&!!&'(()$ !!%$>2:$1:$?@564$A61/B$1CD/6@E$$$$7$$$#)((($F@$>03G:$H2/$I06$$7$$J/@63:$

$ +BK"J@L$M($')!$N%'$'ON$$$J/::PL$M$($#Q($RO'$RON$$SH!J7&!6#!B4&6!$@@8$&$#D!K#!%'78&%>!C4&(6#(4(6>!8;#%6!J7#!67! I'7$%>!6'76#!14!I'7$(@#O!K#%!=#(%>!&1!B476!9!411#$! C'11'>!67!9!!#6!I#!(#!%'$%!I4C4&%!5#!

@8$&%! H#478'72! #(! B'(86&'(! 5#%! 804p(#%>! 217%! 6#11#C#(6! #(! B'(86&'(! 5#! 8#! J7#! 67! 4%! #(!I#!(;#(!4!I#!(;#($#=&%6$#!$&#(D!

.;#%6cMc5&$#!J7#!1#%!80'%#%!%'(6!J74(5!CFC#!6$:%!8&H1@#%D!G1!B476!6'7I'7$%!7(!2#6&6!2#7!='72&11#$!6'(! !

2$'I#6!#(!B'(86&'(!5#!14!2#$%'((#!M!J7&!67!!8#!J7&!#%6!7(!2#7!1#!2$'H1:C#!5#!C4&(6#(4(6>! E0$%/*%->"("$%.".%-5#$%3%

8#!J7&!(;@64&6!24%!1#!84%!4!I#!B4&%!5#%!20'6'%>!o4!2#76!4$$&!C4&%!8;#%6!217%!2'7$!1#7$!B4&$#!214&%&$>!#6!27&%!M!14!$&=7#7$!7(!

! 2#7!2'7$!C'&>!C4&%!8;#%6!24$8#!J7;&1%!4&C#(6!H&#(!1#%!20'6'%D!_4&%!I;4&!6#(54(8#!M!(;4!I;@8$&%>!

X&!!(&!2$'5786&'(>!!I#!2$#(5%!5#%!('6#%>!C4&%!I#! (;4&!(&!6$78!2'7$!#($#=&%6$#$>!(&!4224$#&1!20'6'>!(&!

k7&>!I#!2#(%#!J7#!I#!1;47$4&%!@8$&6!5#!14!CFC#!B4o'(>!%47B!J7;47!H'76!5;7(!C'C#(6!67!80#$80#%!7(#! 84C@$4>!8;#%6!$4$#D!

804p(#! #6! 7(! 2$'5786#7$>! #6! M! 24$6&$! 5#! 8#! C'C#(6c1M>! 67! 6$4!8;#%6!2176f6!H'(!%&=(#>!o4!!I#!(;4!(&!$&#(D!m;4!C'&>!&1%!(#!C;'(6!24%!5#C4(5@D!G1%!C;'(6!5#C4(5@!5;@8$&$#!7(!5'%%&#$>!4!I;4!#6!5#!6$'7!I#! 6$'7!I;4!#6!27&%!I;4!J7&!4!@6@!7(#!#$$#7$>!I#!2#(%#>!2'7$!#%%49#$!

=@(@$41>!I#!B4&%!1#%!$#2@$4=#%!#6!I;@8$&%!42$:%D! 5#!5#C4(5#$!7(#!4&5#!M!1;@8$&67$#>!47!.P.D!E6!I#!(#!1;4&!24%!#7#>!I7%6#C#(6>!24$8#!J7#!I#!2#(%#!J7#!

! C'(!5'%%&#$!(;@64&6!24%!4%%#A!8'%6475D!m;4!7(#!#%2:8#!5#!$@%7C@!5#!

! 1;0&%6'&$#! J7#! I;4! C4&%! I#! (;4! I#! (;4!I#!%7&%!$#!I;4&!@8$&6>!#6!I;9!%7&%!411@#!2'7$!1#!6'7$(4=#D!

! !

_FC#!%&!67!2#7?!@8$&$#!5#%!2#$%'((4=#%!7(!2#7!!47!5@24$6>!27&%J7#!8#!(;#%6!24%!6#11#C#(6! I!5#!%4!#6!8#!J7;&1!B4&6>!%&!67!4%!14!H4%#!5#!6'(!2$'I#6D!_4&%! G1!4!24%%@!7(!4(!J74(5!CFC#>!#(6$#!1#!C'C#(6!'x!I;4&!$#(8'(6$@!8#66#!B4C&11#!#6!1#!C'C#(6!'x!I#!%7&%!

5#!24$6&$!%7$!1#!6#$$4&(!J7#1J7#!6#C2%>!8;#%6!J74(5!CFC#!6$:%!H@(@B&J7#!2'7$!@8$&$#!#(%7&6#D!a2$:%>!1#%! $#6'7$(@#!6'7$(#$D!

80'%#%!804(=#(6>!1#!5'87C#(64&$#>!8;#%6!J74(5!CFC#!H#478'72!5;&C2$@!#6! !

27&%!5#%!B'&%>!67!B4&%!14!C'&6&@!5#!8#!J7#!67!4%!@8$&6D!K#%!80'%#%!804(=#(6!24$8#!J7#!%7$!1#!6#$$4&(>!67! I".1%$)K%6")$%/!8#!(;#%6!24%!2'%%&H1#>!24$8#!J7#!67!!24$8#!J7#! m#!5&$4&%!J7#!I;4&!@8$&6!5#!B@!#(B&(>!5#!I4(!#(!I7&11#6!'(!4!6$'7!#6!

67!!8#!(;#%6!24%!57!6'76!8#17&!J7&!#%6! I#!%7&%!24$6&#!#(!'86'H$#D!

H'(!2'7$!1#!B&1C>!24$8#!J7;47!H'76!5;7(!C'C#(6>!&1!%#!5@!#6!67!(#!2#(%4&%!24%!J7;&1!%#$4&6!8'CC#! !

o4!S8#!(;#%6!24%!6'7I'7$%!1#%!2#$%'((4=#%!J7&!%#!5@!&1! !

B476!6'7I'7$%!%#!C@B&#$!5#!o4DT!X'7!&1!9!#(!4!7(!J7&!#%6!54(%!1;'CH$#>!J7&!(#!!J7&! G3!"*'1#*1'&*(+%!0,!.&!9,%)$,!

#%6!6'76!6&C&5#>!#6!27&%!B&(41#C#(6>!67!6#!$#(5%!8'C26#!J7#!8;#%6!17&>!6'(!2#$%'((4=#O! !

! F.%;#")%J0%4"#$%0%0)/',%/! I#! %7&%! J7#1J7;7(! 5#! 24%! 6$:%! %6$7867$@#>! I#!

k7&>!5'(8!&1!B476!6'7I'7$%!B4&$#!7(!2#7!466#(6&'(!47!5@H76O!['7%!8#7?!J7&!6;4$$&!'(!5&6!6'7I'7$%!J7#!I#!%7&%!6$:%!%#(%&H1#D!_'&>!1#%!=#(%>!8;#%6!8'CC#!14!

C'780#%>!8#!(#!%'(6!24%!B'$8@C#(6!5#%!2#$%'((4=#%!J7&!$#%6#$'(6>!54(%!1#!B&1CO! C7%&J7#>!I#!%7&%!6$:%!C47!C4&%!H'((#!2#$87%%&'((&%6#!]!1#!$960C#O!K#%!488'$5%>!8#!

! (;#%6!24%!2'7$!C'&D!m#!6$4!8;#%6cMc5&$#!J7#!1#%!=#(%!J7#!I#!$#(8'(6$#>!I#!1#%!

!"#$%5*$%1"..0)$$)*+,%0#%/'B#(,%4"$%-*2$"..0C*$%3% %#(%D!Q'(8!I;4&!57!C41!M!%6$7867$#$!C4!2#(%@#>!I#!%7&%!6$:%!C47!I#!%7&%!217%!54(%!1#!

K#%!B#CC#%>!I#!1#%!4&!8'((7#%!#(!$#2@$4=#%D!m#!%7&%!24$6&#!#(!$#2@$4=#%!2#7!5#!6#C2%>!7(!C'&%!#6! %#(%>!54(%!1#!B##1&(=>!1#!$422'$6!47?!=#(%>!#6!24%!6$:%!H'((#!54(%!14!%6$7867$#D!Q'(8!1M>!o4!C;4!4&5@#D!

5#C&>!24%!249@#>!54(%!1#!P4641D!m#!(;@64&%!24%!249@#>!8;@64&6!C'&!J7&!C#!2494&%!24$8#!J7;a=460#!R&1C%! a2$:%>! &1! 9!4!6'76!1#!H'71'6!5#!%4!I#!1;4&!24%!C41!54(%!14!6F6#>!

4!C4&%!'(!(#!249#!24%!7(!C'&%!#6!5#C&!5#!$#2@$4=#%!wo4!4!@6@!4%%#A! C4&%! I;4&! 57! C41! M! 1;@8$&$#D! .;#%6! 7(! 2#7! C'(! %'78&%D! Q'(8! I;#%%4&#! 5#! 6$4!%&!42$:%>!1#!B&1C!%#!B4&6>!'(!2'7$$4!2#76cF6$#!6#!249#$!7(!2#7!5#!$#2@$4=#%O!K4!2$'5>! &C4=#%>!5#%!80'%#%>!I#!!42$:%>!I;#%%4&#!5#!1#%!C#66$#!%7$!1#!242&#$>!8#!

o4!C4$80#!H#478'72!8'CC#!o4D!.#!(;#%6!24%!#7?!J7&!'(6!1;4$=#(6>!8#!%'(6!1#%!5&BB7%#7$%D!Q'(8!I#!%7&%! J7&!(;#%6!24%!B'$8@C#(6!7(#!H'((#!80'%#>!24$8#!J7#!J74(5!67!B4&%!7(!2$'I#6!5#!5'87C#(64&$#>!67!(#!

24$6&#O!m;4&!B4&6!5#%!$#2@$4=#%>!I;4&!&(6#$$'=@!6$#(6#c8&(J!#(B4(6%!54(%!14!C'(64=(#>!47!2&BD!.;#%6cMc5&$#! B4&%!24%!5#!%8@(4$&'>!&1!(;9!4!24%!L!%@J7#(8#!)!N>!#68D!.;#%6!7(!6$78>!#(!=@(@$41>!J7#!(;4&C#(6!24%!57!

J7#!I;4&!4$$F6@!5#%!#(B4(6%!%7$!14!$'76#>!#6!I#!1#7$!4&!5#C4(5@!]!64!B4C&11#!#%6!8'CC#(6!^!E%6c8#!J7#!64! 6'76!1#%!2$'5786#7$%!5#!5'87C#(64&$#%D!.;#%6!8#!J7;'(!422#11#!7(!%@J7#(8&#$>!8;#%6!7(!6$78!J7;'(!(#!

C:$#! 4! 5#%! 8'c@2'7%#%! ^! ['(! 2:$#! 6$4!I7%6#C#(6>!1;4!M!14!$@%&5#(8#!5;@8$&67$#D!

(;@64&#(6!24%!1M>!5#!2'19=4C&#>!J7&!4!#(B&(!! #(! %;#(6#(54(6! 5&$#! ]! #(! 5'87C#(64&$#>! '(! (#! B4&6! 24%! 5#!

! %@J7#(8#%>!!1#!I'7$!V>!#6!J7&!67!*$%3A% B&(41#C#(6D!

k7&>!24$8#!J7#!I;#(!I;4&C#!H&#(!1#%!!#6!27&%!8;#%6!&C2'$64(6!1Mc !

H4%>!o4!(#!%#!!C4&%!8;@64&6!&C2'$64(6!5:%!1#!5@24$6D!E(!=@(@$41>!J74(5!&1! !

9!4!5#%!!&1!9!4!5#!14!2'19=4C&#>!%;&1!(;9!4!24%!5#!!&1!(;9!4!24%!5#!2'19=4C&#>!24$8#!J7;'(! M3!J#'(',!.,!0$)('!9.1)!B1,!.,!0$'+1.,5,%*!01!;(.5!

249#!1#%!B#CC#%!4!I;4&!!#6!I;4&!@6@!!2'7$!6'&!#6!2'7$!1#%!476$#%>!2'7$!

I;4!#6!'(!4!8'CC#(8@!M!5&%876#$D!m;4&!!6$#&A#!B4C&11#%!5&BB@$#(6#%>!#6!I;4&!80'&%&! 1#!2$'5786#7$!#6!1#!5&BB7%#7$>!8;#%6!1#!5@%&$!5#!B4&$#!8#!B&1C>!8;#%6!2'7$J7'&!67!4%!#(! 8;#%6! 14! 5#$(&:$#! J7#! I;4&! 6$'7! I#! 1;4&! 6$'7! 24$8#! J7;47! 5@H76>! I#! 2#(%#!J7#!8;#%6!14!%#71#!80'%#!J7&!8'(!8;#%6!57!H14cH14>!

(;@64&%!24%!6$:%!%46&%B4&6#D!m;4&!5u!6$'7!#6!&1!B4114&6!J7#!I#!$#24$6#!M! I#!2#(%#D!a2$:%>!8;#%6!H&#(!%&!67!4%!7(!6$78!H&#(!%6$7867$@>!64(6!C?D!_4&%!1#!217%!&C2'$64(6>!8;#%6!6'(!

/4$&%!!67!(;9!! 2'7$J7'&! 67! ! 2'7$J7'&! 67! 9! !

O"##$ *+,-$./01234506$7$$56809:453;/01234506&302:$1:$?@564$A61/B$1CD/6@E$$$$7$$$#)((($F@$>03G:$H2/$I06$$7$$J/@63:$ %&!!&'(()$ !!%$>2:$1:$?@564$A61/B$1CD/6@E$$$$7$$$#)((($F@$>03G:$H2/$I06$$7$$J/@63:$

$ +BK"J@L$M($')!$N%'$'ON$$$J/::PL$M$($#Q($RO'$RON$$SH!J7#11#!#%6!64!24%%&'(!#(!#6!I#!2#(%#! !

J7#! 8;#%6! 8#! J7&! #%6! 1#! 217%! 5&BB&8&1#! M! @8$&$#D! .;#%6! 8#! J7;'(! 422#11#! 14! ('6#! 5;&(6#(6&'(>! J7&! B4&6! 5#7?! !

24=#%! #(! =@(@$41! 54(%! 1#! 5'%%&#$>! 24$8#! J7#! C4&(6#(4(6! 8;#%6! 5#%! 6$78%O! Q#7?! 24=#%! 5#! ('6#! N3!D&!'$9$*(*(+%!O!.@P1L',!

5;&(6#(6&'(>!1#!%7I#6>!1#!2$&(8&2#!5#!$@41&%46&'(>!&(6#$!14!C4(&:$#!5'(6!67!! C'&>! I#! ! 8#! J7&! 4! 8'(!#(!6'7%!84%!C'(!2$#C&#$>!8;#%6!M!14!B'&%!1;@8$&67$#>!#6!14!C4(&:$#!5'(6!I#!17&! B&1C!#(%7&6#!^!

24$14&%! 57! B&1CD! t4! 17&! 4! 5'((@! #(! J7#! 8;@64&6! 7(#! #%2:8#! 5#! .;#%6!@!67!4%!5#%!&5@#%!54(%!14!6F6#>!#6!67!466#(5%!J7#!1#%!B#CC#%>!#11#%!

24%%&'(>!J7#!I;4!8;#%6!o4!J7&!1;4!8'(!8;#%6!5#!5'((#$!#(!24$8#!J7#!1#%!B#CC#%!(#!

=#(%!J7&!!5#!1#!B4&$#D! 6#!5&$'(6!I4C4&%!8#!J7#!67!466#(5%!!I#!2#(%#!J7#!8;#%6!6$:%!C47!24$8#!J7#!J74(5!67!1#7$!2'%#%!5#%!

:#%$#9*(%/#%/'1"#-0C*%*.%$';#*.1*$,%".%*.(*./%0#$$)%/"$*$A% J7#%6&'(%>!&1!9!4!5@IM!1#%!$@2'(%#%!54(%!1#%!J7#%6&'(%D!.;#%6cMc5&$#!J7#!67!!o4!5@2#(5!5#%!@8'1#%>!8;#%6!!&1!9!4! #(! 466#(54(6! J7;#11#%! 6#! $@2'(5#(6! 5#! 6#11#! C4(&:$#D! m#! 2#(%#! J7#! 8;#%6! 7(#! #$$#7$>! 24$8#! J7#!

5#! 217%! #(! 217%! 5#! 5'8%! B&86&'(>! 'x! 1#%! =#(%! $@B1@80&%%#(6! H#478'72! M! 1#7$! B&1C! 4! 8'CC#! 5#! 14! B&(41#C#(6!8#!(;#%6!24%!7(#!24$'1#!!

B&86&'(>!4! J74(5! I;4&! $#2@$@>! I;4&! ! I#! 1#7$! 4&! 2'%@! 5@IM! 5#%! J7#%6&'(%>! I#! 1#7$! 4&! 5#C4(5@! J7;#11#%! %#! 2$@%#(6#(6>! J7;#11#%! C#!

t4!%;@1'&=(#!57!8&(@C4!5&$#86D! $48'(6#(6!7(!2#7!1#7$!!5#%!80'%#%!4%%#A!%&C21#%D!t4!(#!%#!$@2:6#!I4C4&%!5#7?!B'&%>!1#%!24$'1#%>!

.#!(;#%6!24%!57!8&(@C4!5&$#86>!1#!5'8!B&86&'(!q!42$:%!o4!5@2#(5!5#!8#!J7;'(!B4&6D!G1!9!4!5#%!5'8%!B&86&'(! C4&%!67!2#7?!B'$8@C#(6!1#%!4!I;4&!57!C41!M!

6$:%!H&#(D!.;#%6!80487(!%'(!6$78D!_'&>!I;4&!#%%49@!5;&C4=&(#$!1#!B&1C!4!8;@64&6!57!

$#(8'(6$@%D! t4! C;4! 2#$C&%! 5;@8$&$#! 1#!5'%%&#$>!24$8#!J7#!I;4! #6! C4! 845$#7%#! (#! 8'C2$#(4&6! 24%! 1#! A'71'7! q! 57! 8'72>! #11#! (#! 2'7! 5#%! !C4&%!'(!6'7$(4&6!J74(5!C#C#!H#478'72!54(%!14!1'(=7#7$D!

h74(5! I;4&! @8$&6! C'(! 5'%%&#$>! I;4&! @8$&6! 7(#! ('6#! 5;&(6#(6&'(! 5#! 5#7?! 24=#%>! 42$:%>! C'(! %7I#6>! 1#%! E(!B4&6>!4!'(!24$14&6!H#478'72!4!I;4&!B4&6!7(!8042&6$#!L!2#$%'((4=#%!N>!8'CC#(6!&1%!%'(6>!#68D! 54(%!1#!B&1C>!#(B&(>!J7&!('7%!&(6@$#%%4&#(6>!24$!#?#C21#!]!#%6c8#!J7#!! '7! 5#! 14! %#?741&6@! ^! k7! 41'$%! 2176f6>! '(! 1#7$! 24$14&6! 5#! ('7%>! 5#! ('6$#! #?2@$&#(8#>! #6! 27&%! '(!

L0)$%4"#$%.!8#!B&1Cc1M>!I#!%4!4!2'7$!8#! I".1%-0$%/*%;#*$()".$%-2'1)$*$,%60)$%#.%10/2*A%

%7I#6c1M>!24$8#!J7#!B&(41#C#(6>!&1!(#!%#!24%%#!24%!=$4(5!80'%#!54(%!14!I'7$(@#D!k7!41'$%!I#!B4&%!7(!B&1C! G1!9!4!#7!5#%!J7#%6&'(%!2$@8&%#%>!C4&%!24%!47!5@H76D!.;#%6cMc5&$#!J7;47!5@H76>!'(!4!7(!2#7!14&%%@!1&H$#!

%7$! 1;aB$&J7#! 57! X75>! #6! I#! ! 4! 8;#%6! 476$#! 80'%#>! J7'&D! Q4(%! 1#%! 8'7$%D! E6! 27&%! 42$:%>! #(! ! 2#6&6! M! 2#6&6! wI#! 5&$4&%! 47! H'76! 5;7(#! %#C4&(#! 5#!

$7%0#%>! I;4&! 5;476$#%! 80'%#%>! I;4&! Z`! 0! 5#! $7%0#%! %7$! 8#! B&1C>! aC'7$%! A'71'7%>! I#! 2#7?! 24$1#$! 5;476$#! 6'7$(4=#w!1M>!I;4&!8'CC#(8@!M!!&1!6#!C4(J7#!

80'%#D! 5#%!80'%#%D!Q'(8!67!B4&%!$@2@6#$!8#!J7&!(;4!24%!@6@!H&#(!5&6D![7!!C4&%!5;7(#!476$#!

! C4(&:$#! 2'7$! J7#! o4! (#! 1#%! %'u1#! 24%>! J7;#11#%! (#! %#! 5&%#(6! 24%! ]! 6&#(%>! #11#! C#! B4&6! $@2@6#$D! G1! B476!

! 6'7I'7$%!$7%#$!2'7$!4$$&!C4&%!5;7(#!476$#!C4(&:$#D!EBB#86&!&1!

T3!4&9*,'!.&!9&'+.,! 9!4!24$!#?#C21#>!2#(54(6!1#!6'7$(4=#>!

! 'x!C'(!&(6#$2$:6#!1;4$$F64&6!2'7$!$#(804p(#$!#(!17&!2'%4(6!7(#!J7#%6&'(>!24$8#!J7;M!8#!C'C#(6c1M>!1#%!

_4&%!1M>!I;@64&%!24$6&#!57!2$&(8&2#!5#!(#!24%!6$'2!24$6&$!54(%!6'7%!1#%!%#(%>!#6!5#!5@8&5#$!5#!8426#$!14! 80'%#%!@64&#(6!&C2'$64(6#%>!#6!J7;'(!4!&1!9!4!5#%!J7#%6&'(%!

24$'1#!5#%!B#CC#%D!E6!I#!6$'7! #(! =@(@$41>! 14! 2$#C&:$#! %#C4&(#! 5#! 6'7$(4=#>! I#! 1#%! 14&%%#! %#! 5@6#(5$#>!

J7#!I#!(;4!M!=4780#D!Q'(8!8;@64&6!217%!B48&1#!2'7$!C'&>!54(%!1;@8$&67$#O! %;#?2$&C#$!8'CC#!#11#%!'(6!7(!2#7!#(!47!H'76!5;7(!C'C#(6>!J74(5!I#!!8;@64&6!217%!B48&1#!#6!C'&(%!B48&1#>!24$8#!J7#!8'CC#!I#!(;4&!24%!!2'7$!J7#!1#%! J7#!I#!!1M>!I#!8'CC#(8#!M!2'%#$!5#%!J7#%6&'(%!2$@8&%#%D!_4&%!#(!=@(@$41>!

=#(%!%'&#(6!! I;#(! 5&%876#! 4! #6! 42$:%>! I#! 6'7$(#D! _4&%! 8#! (;#%6! 24%! ]! '(! 24$1#!

@64&6!4%%#A!%&C21#!]!8;#%6!1#%!B#CC#%!J7&!C#!24$1#(6!%7$!5#%!%7I#6%!&C2'$64(6%>!CFC#!%;&1!9!4!J7#1J7#%! 2#(54(6!5&?!C&(76#%!#(!5&%4(6!L!I;4&C#$4&%!H&#(!J7#!67!('7%!5&%#%!o4!N>!#6!I#!6'7$(#!7(!J74$6!5;0#7$#D!

%8:(#%!5#!!#(!#%%494(6!J7#!8#%!%8:(#%!5#!!C4&%!5#%! m;4&!6'7I'7$%!24$1@!4!o4!2#76!57$#$!7(#!0#7$#>!#6!1M>!#11#%!!8'CC#!o4>!5#%!=#(%!J7&!6#! =@(&41!5'(6!I;4&!H#%'&(>!#6!I#!(#!1;47$4&!24%!#($#=&%6$@D!_4&%!67!6$'7!&1!B476!H&#(!C#66$#!J7#1J7#!80'%#>!67!(#!2#7?!24%! $#5&$#>!#(!5@6'7$(4(6!7(#!476$#!J7#%6&'(O!Q'(8!I#!(#!C#!%'78&4&%!24%!6$'2!5#!o4D!E6!I#!6$'7!J7#!1#%!B#CC#%! 8;#%6! H&#(! 5#! 14&%%#$! 47! 2#$%'((4=#! 1#! 6#C2%! 5#! %;04H&67#$! M! 14! 84C@$4D! R&(41#C#(6>! 8#! (;#%6! 24%!

4114&#(6!C#!24$1#$!5&$#86#C#(6>!5'(8!47!(&!8#!(;@64&6! @! #11#%! %'(6! B48#! M! 14!

24%! 6$:%! 8'C21&J7@! M! @8$&$#D! /4$8#! J7#! C'(! 2$#C&#$! B&1C>! o4! (;4! $&#(! M! !B48#!M!6$'&%!2#$%'((#%>!#11#%!%'(6!6'76#%!%#71#%O!G1!B476!5@IM!J7;#11#%!%;04H&67#(6!M!o4D!E6!27&%!

5;'7!6$4!C7%&8&#(%>!J7&!804(6#(6>!J7&!54(%#(6>!J7&!!M!=4780#O!.;#%6!1M!J7#! 42$:%>!2#6&6!M!2#6&6>!#(!$#=4$54(6!6#%!$7%0#%>!I#!2#(%#!J7#!8;#%6!1M!J7#!67!2'%#%!1#%!J7#%6&'(%>!J7#!67!6#!

I#! 2#(%#! J7#! C'(! 5#7?&:C#! #%6! 217%! 4H'76&>! C#C#! %;&1! 24$4p6! 217%! B48&1#D! _'(! 2$#C&#$>! I;@64&%! 217%! 5&%!]!6&#(%>!%&!#11#!C;4!5&6!o4>!8;#%6!&C2'$64(6!J7#!54(%!1#!B&1C>!'(!%480#!o4>!24$8#!J7#!%&('(>!'(!(#!!6$:%!8&(@C4!5&$#86>!8;#%6cMc5&$#!J7#!I#!%7&!I#!!%&!'(!2'7%%4&6!217%!8#66#!&5@#c1M!^!

5'(6!&1%!!#6!I#!(;4(6&8&24&%!24%!B'$8@C#(6!1#%!%8:(#%>!I;@64&%!217%!54(%!1#!%7&!'(!4114&6! !

54(%!1;7%&(#>!#68D!KM>!I;4&!#%%49@!5#!6$4!&1%!'(6!1;&C2$#%%&'(!J7#!2'7$!C'&>!1#! !

B&1C!4!@6@!217%!B48&1#>!27&%J7;&1%!%#!5&%#(6!]!6&#(%>!#11#!4!2'%@!5#%!B#CC#%!J7&!24$1#(6O!a7!(&!8#!(;#%6!24%!8'C21&J7@D!_4&%!8#!B&1C!aC'7$%!A'71'7%!@6@!H#478'72!217%!8'C21&J7@!2'7$!C'&>! 5'%%&#$>!!2176f6!J7;7(!B&1C!'x! !

67!%7&%!1#%!=#(%D!X&!64!24$'1#!(;#%6!24%!2'$6#>!6'(!B&1C!#%6!$46@D!

!!"##$ *+,-$./01234506$7$$56809:453;/01234506&302:$1:$?@564$A61/B$1CD/6@E$$$$7$$$#)((($F@$>03G:$H2/$I06$$7$$J/@63:$ %&!!&'(()$ !!%$>2:$1:$?@564$A61/B$1CD/6@E$$$$7$$$#)((($F@$>03G:$H2/$I06$$7$$J/@63:$

$ +BK"J@L$M($')!$N%'$'ON$$$J/::PL$M$($#Q($RO'$RON$$SH! 14! 804(8#>! 8;#%6! J7#! I#! (;4&C#! 24%! 1#%! B&1C%! #((79#7?D! _FC#! 8#17&c1M>! 8;#%6! /$#%J7#! 1&C&6#D! 3!V&'0,'!.,!#+%*&#*!,%*',!',9$'&F,)!,*!*+1'%&F,!

m;4&C#! 1#%! B&1C%! J7&! '(6! 57! $960C#! q! CFC#! %&! 8;#%6!841C#!#6!1#(6>!I#!!I;4&!7(#!C'(6#7%#!#(!'$>!a7$@1&#!3&84$5>!J7&!#%6!7(#!=$4(5#! /4$! #?#C21#>! 67! ! I;4! 1#! $960C#>! 2'7$! C'&>! 8;#%6! J7#1J7#! 80'%#! J7&! #%6! =#(%!J7#!67!$#!24$8#!J7;#(!7(!4(>!&1!%;#(!24%%#>!5#%!80'%#%D![7!4%!7(#!B#CC#%!J7&!2#76!

5&BB&8&1#!M!#?21&J7#$>!8;#%6cMc5&$#!J7;&1!B476!J7#!o4!%'&6!H&#(!C'(6@>!J7;'(!24%%#!5;7(!6$78!M!1;476$#!%4(%! %;#(! 411#$O! X&! o4! %#! H4=4$$#>! %;&1! 9! 4! 5#! =$'%! 8'(B1&6%>! &1%! 2#7!J7;&1!9!4&6!7(#!#%2:8#!5#!C7%&J7#!J7&!2$#((#!1#!B&1C>!CFC#!%&!1#!B&1C!#%6!1#(6!#6!J7;&1!(;9!4! #(! 67! ! #6! 2#76cF6$#! J7#! 67! ! 8;#%6! 5#%! 80'%#%! 47?J7#11#%! I#! 6$4!8;@64&6!5&BB&8&1#!5#!B4&$#!57!$960C#D!.#!(;#%6!J7#!5#!14!24$'1#>!J7#!5#!14!24$'1#>!J7#!5#!14! 1'(=!#(6$#!1#!C'C#(6!'x!67!!#6!1#!C'C#(6!'x!67!!8;#%6!

24$'1#O!E6!B&(41#C#(6!4!I#!8$'&%!J7;'(!#%6!4$$&! H&#(!47%%&!5#!14&%%#$!57!6#C2%D!t4!2#$C#6!47?!=#(%!5;'7H1&#$!7(!2#7!8#!J7;&1%!6;'(6!5&6D!

M! 8#! J7;'(! 24%%#! 5;7(#! 24$'1#! M! 1;476$#>! #(! C#664(6! 5#%! 80'%#%! #(6$#! J7&! (#! %'(6! 24%! J7#! 5#%! !

&(6#$175#%D!m#!6$'7!1#%!#(B4(6%!J7&!=4$5#(6!1#%!!I#! !"#$%7(*$%2*$('$%*.%1".(01(%3%

6$'7! C4&%! o4>! 8;#%6! 6$:%! 2#$%'((#1D! K#! $960C#! #%6! &C2'$64(6>! C4&%! 8#! (;#%6! 24%! J7#1J7#! k7&>!'(!1#7$!B4&%4&6!2'$6#$!5#%!8'7$$&#$%D!.#!(;@64&6!24%!B48&1#D!_4&%!'(!5'((4&6!5#%!('7!'(!B4&%4&6!

80'%#!47J7#1!I#!2#(%#!4! J7;'(! 466#(54&6! 1;4$=#(6! 2'7$! 2'7!J7;#11#%!('7%!466#(5#(6>!#6!J7;'(!$#!o4!4!C&%!7(!4(D!E7?>!8;@64&6!

!"#$%.!&1%!@64&#(6!#(!!'(!2'7!&1!9!#(!4! J74(5! &1%! 6'7$(#(6>! &1%! '(6! 5@IM! 1#! B&1C! 54(%! 14! 6F6#>! 6'641#C#(6! C'(6@D! _'&>! ('(D! G1! _4&%!8;#%6!24$#&1>!1#!=$'72#!2'7!&1!%;#%6!84%%@!7(!2#7!42$:%!1#!6'7$(4=#>!2'7$!

24$4p6!J7#!8#!(;#%6!24%!B'$8@C#(6!H&#(>!J7#!o4!6#!5'((#!7(#!&5@#!5@IM!6$:%!2$@8'(o7#!5#!6'(!B&1C>!#6! 5;476$#%!$4&%'(%D!_4&%!1#!=$'72#!47$4&6!27!%#!84%%#$!4!%;#BB$&6#$>!#6!o4!47$4&6!6'76!804(=@D!_4&%!I#!

J7#!o4!#C2F80#!5#!14&%%#$!1&H$#!8'7$%!M!1;&C4=&(46&'(>!M!1;@8'76#!5#%!=#(%>!24$8#!J7#!67!#%!6$:%!4$$F6@! 2#(%#!J7;&1!B476!24%%#$!57!6#C2%>!#6!8;#%6!7(!2#7!1#!2$'H1:C#>!#6!8;#%6!2'7$!o4!J7;'(!%#!H46!4!8;#%6!J7#!2'7$!24%%#$!57!6#C2%>!&1!B476!2'7!6'&>!(;#%6!24%!14!C4(&:$#!5'(6!1#%!=#(%!2#(%#(6D!G1%!(#! !

2#7!67!2#(%#%>!&1%!(;'(6!24%!57!6'76!14!CFC#!C4(&:$#!5#!2#(%#$!q!#(!217%>! E02()2%*.%2*-'20C*$%.".%-0&'$A%

#(! aB$&J7#>! 8;#%6! #(8'$#! 217%! 5&BB@$#(6D! .;#%6! 1M! J7#! I#! $#!8;#%6!8'CC#!o4!J7#!I#!!4!8;#%6!J7#!%&!'(!

4$$F6@#%! ]! B&(41#C#(6>! o4! H1'J7#D! E(! 217%>! 67! !'(!!#6!'(!6#!

B'$8@C#(6>! 27&%J7#! 67! (#! 2#(%#%! 24%! 5#! 14! CFC#! C4(&:$#D! G1%! !5#!C'(6#$!#(!5#7?!%#C4&(#%D!E6!8#!%#$4!M!14!!#6!1M!I#!2#(%#!

2'%#%!5#!6#11#%!J7#%6&'(%D! J7#! 14! %#(%&H&1&6@! 54(%! 1#! B&1C! (#! %#$4! 217%! 14! CFC#D! m#! (;47$4&%! I4C4&%! 27! 4!8;#%6!M!14!B&(!J7;'(!4!1#!

! 217%!6'7$(@>!24$8#!J7#!1#%!=#(%>!J74(5!&1%!8'CC#(8#(6!M!%;04H&67#$!M!6'&>!8;#%6!1M!J7#!1#%!80'%#%!%#!

! &1%! 5&%#(6! 5#%! 80'%#%! 217%! 8'(B&5#(6#%>! H&#(!

! J7#!1#%!80'%#%!%2'(64(@#%!57!5@H76!2#7!J74(5!67!4%!24%%@!H#478'72!5#!6#C2%!J7#1J7#!24$6>!67!%4&%!8#!J7&!! 67! %4&%! J7;#11#%! %#! 1:! J7;M! 6#11#! 0#7$#>! #11#%! !&1!9!4!6'7I'7$%!5#%!%7$2$&%#%>!8#!(;#%6!24%!6'76!1#!6#C2%!8'CC#!o4D!k(! t4! 4! @6@! 57$D! m#! 2#(%#! J7#! 8;@64&6! (@8#%%4&$#>! 47! 5@H76! 57! B&1C>! 5#! 2'%#$! 1#! 8'(6#?6#D! Q4(%! C'(!

%4! #11#%! 4114&#(6! B4&$#! 14! 1#%%&! 41'$%! '(! 4114&6! 4! '(! 24%%4&6! 57! 2$#C&#$>!&1!(;9!4!4787(!8'CC#(64&$#>!&1!9!4!7(!84$6'(!47!5@H76!J7&!5&6!]!('7%!%'CC#%!54(%!7(!B'9#$!5#!

6#C2%! M! 14! $&! '(! 2$#(4&6! 7(! 2#7! 57! 1! #6! '(! 466#(54&6! J7;#11#%! 4$$&!M!m'04((#%H7$=D!E6!42$:%>!1#!B&1C!24%%#>!#6!I#!2#(%#!

1;4(6&8&246&'(!#%6!6$:%!&C2'$64(6#>!#6!I#!2#(%#!J7#! 67!(#!2#7?!4(6&8&2#$!J7#!%&!67!4%!24%%@!57!6#C2%D! J7;'(! (;4! 4H%'17C#(6! 24%! H#%'&(! 5;#(! %4! 8;@64&6! 217%! 8'C21&J7@! 24$8#! J7#! I;4&! 7(#!

X&('(>!67!(#!%4&%!24%!8#!J7#!1#%!=#(%!B'(6>!67!(#!2#7?!24%!%4! 14! .&(J7&:C#! !#6!F6$#!6'7I'7$%!5#$$&:$#>!8;#%6!6$:%!C47!5'(8!5;#CH1@#>!&1%!'(6!! 8;#%6! 6$:%! 5&BB&8&1#>! 1#%! M!1;&C4=#>!8#!J7#!I;4&!$#B7%@!6'641#C#(6D!K4!.&(J7&:C#!!6'7I'7$%!24%%#$!5#!5#54(%!M!5#0'$%>!5#!5#0'$%!M!5#54(%>!M!6'76#!!#7?>!7(#!I#7(#!B#CC#!'88&5#(641#>!H14(80#>!80#A!1#%!r'71'7%>!J7&!24$1#!A'71'7>!J7&!

K#! %'(>! 8;#%6! 24$#&1>! &1! 9! 4! 57! ! &1! (;9! #(! 4! 24%! 5#54(%>! 67! C#6%! 64! H'((#66#>! 67! 1;#(1:!#68D!/'7$!#7?>!8;#%6!#(!'$D!Y(!0&%6'&$#!7(!2#7!%&(=71&:$#>!8;#%6O!.'CC#(6!

.;#%6!H&#(>!5;4(6&8&2#$D!U'(>!42$:%!67!I'7#%!4!67!1#7$!5&%!]!466#(5#A!7(!2#7O!G1!(#!B476!24%! #11#!%;422#11#>!14!B&11#!4!14&%%#Ac('7%!1#!6#C2%!5#!%'$6&$>!J7;'(!27&%%#!!J74(5!CFC#D!G1!9!4!5#%!80'%#%!J7#!67!B4&%!B4&$#>!5#%!B'&%D!G1!9!4! .;#%6!1#!2'&(6!B4&H1#!5;7(#!24$6!5#%!5'87C#(64&$#%!J7;'(!2#76!!8#66#!&C21&846&'(!

7(!2#7!5#!C&%#!#(!%8:(#>!B'$8@C#(6D!_4&%!H'(>!1#!C'&(%!2'%%&H1#>!2'7$!C'&D!a2$:%>!&1!9!4!5#%!=#(%!J7&! J7&!%'((#!%'7!J74(5!1#%!B#CC#%!24$1#(6!5#! k7&>! #6! #(! 217%>! 1#! =$'%! 2$'H1:C#>! 8;#%6! J7;&1%! '(6! 1;&C2$#%%&'(! J7#! 1#%! =#(%>! &1%! (#! ! '(! 1;4! B4&6#! 5#7?! B'&%>! 24$8#! J7#! 14! 845$#7%#! (;@64&6! 24%! 8'(6#(6#! 5#! 14! 17C&:$#D! E6! #11#%! 8'C2$#(5$#>! 24$8#! J7#! 2'7$! #7?>! 8;#%6! 1#%! 14CH54%! 5#! 14! 6@1@! J7&! $#=4$5#(6! 14! 6@1@! M! )W0Z+! #(!

$#5&%#(6! #?486#C#(6! 14! CFC#! 80'%#>! #11#%! '(6! @6@! =@(&41#%! q! #(B&(>! #?486#C#(6O! E11#%! $#cC&C#(6! %#C4&(#D!_'&>!I#!!&1!9!4!7(!24('!'x!'(!!4!#11#%!$#c$48'(6#(6!4! #6! 42$:%>! I#! !#6!1M>!I;4&!1#!6#C2%!5#!5&$#!J7#!I#!%7&%!1M!24$8#!J7#!I#!%7&%!

=! J7#! I;4&! @6@! 4! #BB#86&! J7#! I;4&! @6@! H#11#cB&11#! 47%%&! 7(!

P'(>!#11#%!4&C#(6!H&#(!24$1#$!5#!o4D!t4!(#!1#%!=:(#!24%>!o4!1#%!B4&6!$&$#D!.;#%6!7(!5#%!%#71%!6$78%!J7&! C'C#(6D!E6!H4%64!|!k(!8'C2$#(5!J7#!I#!8'((4&%!7(!2#7!1#!249%>!J7;'(!#%6!54(%!1#!P4641>!#6!!B&(41#C#(6D!_4&%!1#%!=#(%>!&1!(#!B476!24%!1#%!%'u1#$!6$'2D! B4&6>!I#!C;#(!B'764&%!5#!%4!6#11#!B#CC#>!6#11#!B#CC#>!24$8#!J7#!67!6;#CH$'7&11#%O!

! !

! :#%B"#(%/2:$1:$?@564$A61/B$1CD/6@E$$$$7$$$#)((($F@$>03G:$H2/$I06$$7$$J/@63:$ %&!!&'(()$ !!%$>2:$1:$?@564$A61/B$1CD/6@E$$$$7$$$#)((($F@$>03G:$H2/$I06$$7$$J/@63:$

$ +BK"J@L$M($')!$N%'$'ON$$$J/::PL$M$($#Q($RO'$RON$$SH! C4&%! o4>! 1#! 2$'5786#7$>! o4! 1#! =F(4&6>! C'&(%! 14! .&(J7&:C#>! C4&%! 1#! 2$'5786#7$>! o4! 1#! =F(4&6D! G1! !

! I#! (#! !5;4!o4!B4&6!7(!2#7!217%!8'(B&5#(6
>!7(!2#7!C'&(%! !

$#2'$64=#>!67!!6'76!5'78#C#(6O!Q'(8!I;4&!#%%49@!5#! !

B4&$#!8'CC#!o4>!54(%!14!8'(B&5#(8#>!C4&%!I#!1;4&!B4&6!M!8'(6$#8v7$D!m#!2#(%#!J7#!1#%!#?21&846&'(%!J7#! I"1#6*.(02)$(*$%*(%-2"/#1(*#2$%/*-#)$%NOPQ,%R*0.HE)*22*%*(%M#1%I02/*..*%$".(%*.(2'$%-02%50%C20./*%

I#! 5'((#! (;422'$6#(6! $&#(>! B&(41#C#(6D! m;47$4&%! 27! 4!#6!I#!2#(%#!J7#!8;#%6!7(!!1#!B&1C>!&1!#%6!B&(&>!&1! -"2('$%?%5*#2%-02"K&$6*%-02%/*$%-*2$"..0C*$%$"#4*.(%?%@5*#2%/*%-*0#V%X5$%1".@)26*.(%*.%NOOO%04*1%

#%6! 54(%! 14! H'p6#>! &1! 9! 4! 5#%! 80'%#%! J7#! 67! $#=$#66#%>! C4&%! 8;#%6! 8'CC#! 54(%! 6'76D! _4&%! 57! 8'72>! Y"$*((0,% -"#2% 5*;#*5% )5$%2*J")4*.(%#.*%E056*%/W"2% ;#*%-5#$%-*2$"..*%.*%1>*21>*%?%/)$1#(*2,%-#)$%*.%

C4&(6#(4(6>! I;4&! 14! 6$'7&11#! 2'7$! 1#%! 2$'804&(%D! m#! C#! 5#C4(5#! 8'CC#(6! I#! !8'CC#(6!I#!'$)(0()".%5"2$%/*%

! 5W'12)(#2*%*(%/#%50.1*6*.(%/#%@)56%'$()*+#3%

! %

D1#![&'0,%%,!c!k7&>!H&#(!%u$D!G1!4!B4117!5}4H'$5!488'C24=(#$!1#!B&1C!7(!2#7!24$6'76>!#(!R$4(8#>!#(!

U#1=&J7#>! 47?! E646%cY(&%>! #(! a(=1#6#$$#>! 24$6'76! 'x! &1! #%6! %'$6&D! K'$%J7#! ('7%!4!I#!

5'&%!5&$#!J7#!('7%!(#!%4! 1#! B&1C! 4! #(! #BB#6! H@(@B&8&@! 5}7(#! 6$:%! H'((#!

$#('CC@#!48J7&%#!4!I#!8$'&%>!%7$!1#!B4&6!J7#!1}'(!%#!%#(6#!1&H$#!

2'7$!6$4!1'$%J7}'(!B4&6!7(!B&1C>!#6!J7#!1#!2$@8@5#(6!4!@6@!7(!%788:%>!o4!2:%#!%7$!!

C41=$@!1#!$#146&B!%788:%!5}#%6&C#!5#!D&!Z'+5,)),D!

!

!

\(.5[,41.*,! c! \5)4)*2% ]"#26*(% '(0)(H)5% -2*$$*.()% -"#2% 5*% 2^5*% /G$% 5W'12)(#2*% /#% $1'.02)",% 4")2*% 676*%

040.(3%

%

X,&%AZ(,'',![&'0,%%,!~!_FC#!4!27&%J7#!('7%!17&!4!C4&%!8#14!(#!%}@64&6!24%!B4&6!M!

847%#!5#!-+),**&D!P'7%!1#!17&!4!#(!17&!5&%4(6!J7}'(!4114&6!

6$4! 8}#%6!

!

M!8'(%6$7&$#!1#%!%8:(#%D!_4&%!k1&!$45&'!#6!6@1@!1#7$!5#C4(54(6!5#!('7%!#(!%7$!1#%J7#1%!

('7%!#(!4! $&#(! J7}#(! 1#!

!'(!$#%%#(6!%4!2$@%#(8#!H$76#>!%&!I#!27&%!5&$#D!K'$%J7#!('7%!4! 5@IM! &1! $@%&%64&6! M! 14! 84C@$4>! &1! 9! 4! 7(! C9%6:$#! %7$! %'(! ! 4%%#A! 7(&J7#D! .#! J7&! ('7%! &(6@$#%%4&6>! 8}@64&6! I7%6#C#(6!

5}4!8'(6$4&$#C#(6!47!2#$%'((4=#!C4%871&(!54(%!-+),**&>!J7&!4!&1!#%6!217%!1&%&H1#!J7#!_'$=4(D!a1'$%!J7}&8&!1#!=4$o'(!$@%&%6#!

B'$6D!h74(5!'(!1}4!!J74(5!'(!4!!1#!6#C2%!J7}&1!2$#(4&6!2'7$!1#%!B4&$#>!&1!@64&6!6$:%!

%6$#%%@!C4&%!&1!('7%!4!8'(!('7%!4!C4&%!('7%!@6&'(%!8#$64&(%!J7}&1!@64&6!1#!H'(D!

!

!

!)"##$ *+,-$./01234506$7$$56809:453;/01234506&302:$1:$?@564$A61/B$1CD/6@E$$$$7$$$#)((($F@$>03G:$H2/$I06$$7$$J/@63:$ %&!!&'(()$ !!%$>2:$1:$?@564$A61/B$1CD/6@E$$$$7$$$#)((($F@$>03G:$H2/$I06$$7$$J/@63:$

$ +BK"J@L$M($')!$N%'$'ON$$$J/::PL$M$($#Q($RO'$RON$$SH"66*%2*$(*%@).05*6*.(%/'1"..*1(',%B50$',%1"66*%$)%5W).(*2.*6*.(% X,&%AZ(,'',![&'0,%%,!~!.'CC#!('7%!4!5&6!7(!C#(7&%&#$!J7&!@64&6!M!7(#!2$'I#86&'(!47!K7?#CH'7$=>!#6!

5W040)(%;#*5;#*%-*#%'(*).(V% J7&!4!6$4!8}@64&6!o4!1#!C@6&#$!5#!C#(7&%&#$D!/#(54(6!8#!6#C2%>!

% 1#%!=#(%!24$64&#(6!%7$!5#%!4(419%#%!24%!2'%%&H1#%D!a!7(!C'C#(6!5'((@>!&1!%}#%6!1#! 8}#%6! J7#1J7}7(! J7&! #%6! 6$:%! #(! 8#%! 5&%87%%&'(%! @64&#(6! H&#(! &(6@$#%%4(6#%>! C4&%! J7#! 1#%! =#%6#%! @64&#(6! 4!8#!%'(6!5#7?!F6$#%!C7$@%>!#6!8}#%6!!J7#!6'76!8#!J7&!@64&6!4(419%@!B4&%4&6!#(!B4&6!24$6&#!5#!1}422$#(6&%%4=#!5#!C#(7&%&#$D!k(!4!B4&6!

%'(!@6'((#C#(6!B48#!M!k1&!&1!17&!5&6!%&C21#C#(6!•!"#$%7(*$%@"2(•>!C4&%!8}#%6!6'76D!.}#%6!7(! 7(#!#(J7F6#!2$:%!5}7(!692#!J7&!B4&%4&6!1#!CFC#!C@6&#$>!#6!&1!('7%!4!8'(B&$C@!J7#!8}@64&6!H&#(!8#14!J7}&1%!

=4$o'(!5#!%#&A#!'7!5&?c%#26!4(%>!J7&!4!!#6!8#14!1}4!6$4(%B'$C@D!.}#%6!J7#1J7}7(!J7&!#%6!6$:%!B#$C@D!.}#%6!47%%&!7(#!#%2:8#!5}@2$#7! B'$C46&'(!5#!C#(7&%#$&#DDD!U'(>!#6!27&%>!&1!(}#%6!24%!804$2#(6&#$!('(!217%|!

! I#! 5&%!

X,&%AZ(,'',![&'0,%%,!~!.}#%6!7(!6#%6D!G1!4!7(!2#7!5}45C&$46&'(>!J74(5!CFC#>!C4&%!&1!(}#?2$&C#!24%! 2'7$J7'&!24%D!.#!J7#!I#!6$'7!8}#%6!%&!1}'(!#(6#(5!24$!1M!J7#!1#!B&1C!%#$4&6!7(#!&117%6$46&'(!

=$4(5!80'%#D!X47B!M!7(!C'C#(6!5'((@!1'$%J7}&1!8'CC#(8#!M!4!&1!#%6!6$:%! 5}7(!@2&%'5#!5#!14!!1#!B&1C!(}4!24%!%4!!#6!&1!B476!

#(! $#6$4&6>! &1! 2$#(5! 5#%! C@5&84C#(6%! 2'7$! 5'$C&$D! .}#%6! 7(! 2#$%'((4=#! 6$:%! %'1&64&$#>! J7&! 5&6! 2#7! 5#! J7}'(!1#!$488$'80#!M!476$#!80'%#D!m}#%2:$#!#(!6'76!84%!J7#!8#!(}#%6!24%!8#14!J7#!1#%!=#(%!!&1!%}#(5'$6D! #(!2#(%4(6!J7}&1!9!4!J7#1J7#!80'%#!5#!80$@6&#(D!_4&%!&1!9!4!47%%&!1#!B4&6!J7#!8}#%6!47%%&!7(!2#7!('6$#!

! &(87167$#! J7&! ('7%! B4&6! 8$'&$#! J7#! 1#! 24$5'(! 4224$6&#(6! 47! 80$&%6&4(&%C#D! K#! 24$5'(! #%6! 5#! &1! $#2$#(5! 5#! 6'76#! B4o'(!

47%%&D!k(!(#!1#!%4&6!24%!!#6!54(%!8#66#!%8:(#>!&1!9!4!476$#! J7#1J7#%! &5@#%! 5#%! 217%! 4(8&#(%! 1&! C4&%! 8}#%6! J7#1J7#! 80'%#! J7&! B4&6! 24$6&#! 5#! ('6$#! 87167$#>!

80'%#!J7&!%#!I'7#D!.#!%'(6!5#7?!%'1&675#%!J7&!%#!8$'&%#(6>!8}#%6!6#$$&H1#!2'7$!17&>!#6!H'&$#!7(!!8#14!17&!B#$4&6!2#76!F6$#!214&%&$!47%%&D!.}#%6!7(#!C4(&:$#!2'7$!17&!5#!%#!$422$'80#$D! 67#$>! J7&! #%6! 14! J7#%6&'(! #BB#86&! M! 14J7#11#! 1}'(!

! %}#%6!6'76!5#!%7&6#!8'(B$'(6@DDD!G1!9!4!!8#17&!5#!14!6$&H7DDD!h7}#%6c8#!J7}'(!B4&6!42$:%^!.#14!(}4!24%!@6@!@!&1!(#!B4114&6!24%!1#!67#$D!.}#%6!7(!1'(=!2$'8#%%7%>!#6!47I'7$5}07&!#(8'$#>!14!2#&(#!5#!C'$6!

% #?&%6#! 54(%! 8#$64&(%! @646%! 4C@$&84&(%D! .}#%6! J7#1J7#! 80'%#! J7&! #%6>! I}#%2:$#>! 217%! 7(&! 217%!

D1#![&'0,%%,!~!/4$8#!J7}47!5@H76>!('7%!(#!%4!'(!! J7#! 1#! %&C21#! 24$5'(! $#1&=?D! m#! %7&%! 2#76cF6$#! 7(! 2#7! 8'(B7%DDD! _4&%! 8}#%6! 7(#!

%7&! %4(%! %4!217%!#%%#(6#DDD!C4&%!8}#%6!!27&%J7#!

54(%! 14! 8'(6&(7&6@! 80$'('1'=&J7#>! 5#! 14! 2$#C&:$#! M! 14! 5#$(&:$#! %8:(#>! #(! %#! 5&%4(6! J7#! 8#14! ('7%! 80#A!1#%!l$#8%>!o4!(}#?&%64&6!24%>!'(!(#!%#!2'%4&6!24%!14!J7#%6&'(D!G1!#%6!!('7%!(#! 54(%!1#!%#(%!'x!&1!2'%#!!J7}k1&!&1!4!#(! !

24$B'&%!&1!4!47%%&!#(!#(!%#!5&%4(6!2'7$J7'&!24%!17&D!G1!#%%49#!5'(8!5#! \(.5[,41.*,!c!E025*+H."#$%/*%4"(2*%1>")K%/W#.*%106'20%-"2('*%;#)%$#)(%5*%-*2$"..0C*%-2).1)-05%/0.$%

5@24%%#$!%4!04&(#D!G1!('7%!%#CH14&6!J7#!%}&1!5@24%%4&6!14!2'%%&H&1&6@!57!C#7$6$#>!o4!%7BB&%4&6!2'7$!('7%! 1*%50B&2).(>*%6*.(05%$)C.)@)'%?%5W'120.%-02%*K*6-5*%-02%5*$%6021>*$%/0.$%5*$%1"#5")2$3%

=7&5#$>! 54(%! 14! C&%#! #(! %8:(#! #6! 1}@8$&67$#! 57! %8@(4$&'D! h74(6! M! 14! B&(>! ('7%! ('7%!%'CC#%!6'7I'7$%! %

$#B7%@%!M!B4&$#!7(!B&1C!J7&!&$4&6!I7%J7}47!24$5'(!24$8#!J7#!24$B'&%>!1}'(!%#!5&%4&6!J7#!1#!2$'H1:C#!(}#%6! X,&%AZ(,'',![&'0,%%,!~!k(!2#76!5'((#$!J7#1J7#%!2$@8&%&'(%>!8}#%6!#(!B4&6!7(#!84C@$4!J7&!(}#%6!24%!

24%!J7}&1!24$5'((#!C4&%!J7}&1!(#!%#!!8}#%6!%7BB&%4(6D!E6!27&%!24$5'((#$DDD!G1!B475$4&6!2#76!F6$#! 2'$6@#! M! 1}@2471#>! #11#! #%6! 1@=:$#! #6! 2'$6@#! M! H'76! 5#! H$4%D! .}#%6! 7(#! 84C@$4! C&(&C4! J7&! 4! #6! M! 14J7#11#! ('7%! 4! M! 14! 2148#! 57! !1#%!%2#8646#7$%>!1#%!I'7$(41&%6#%>!9!!6#1%!J7#!14!!#6!1}'(!!

24$4H'1#!57!24$5'(D! #6!24%!1#%!6$4(%B'$C#$D!G1!('7%!4!%#CH1@!47%%&!J7}#11#!2'7!24$!1#!B4&6!J7}#11#!@64&6!5@6480@#!5#!1}v&1>!

! 48J7@$&$! 7(#! %'$6#! 5}@646! 5}42#%4(6#7$>! 8'CC#! %&! #11#! 4!J7#!14!84C@$4!M!

! 1}@2471#!(}4!24%D!E6!8}#%6!!'(!#%%49#!%'7!#6!5#!B4&$#!J7#!

\(.5[,41.*,!c!M0%(>'60();#*%1>2)$();#*%-020a(%'4)/*.(*%H-02055G5*%04*1%R'$#$H=>2)$(,%5*%-02/".,%5*%@0)(% 1#%!%2#8646#7$%!9!%'&#(6!@=41#C#(6D!"'&1M!2'7$J7'&!('7%!4'60();#*% /*% 50% =2")K% b-50.% @).05% "_% )5% -"2(*% $0% 12")KVVVcV% F(0)(H*55*% 1".$1)*.(*% $#6$4(%8$&$#!M!1}@8$4(!7(#!%'$6#!5#!5@%@J7&1&H$#>!#11#!(}4!24%!1}4&$!5}F6$#!!8}#%6!%&C21#C#(6! \(.5[,41.*,!c!E"#2%2*$(*2%/0.$%5W0$-*1(%-#2*6*.(%(*1>.);#*,%)5%&%0%#.*%$1G.*%/0.$%50;#*55*%50%106'20%

24$8#!J7#!('7%!4!2'7$!1#J7#1!&1!B476!24%%#$!24$!1#!6$4!C4&%!8#%!%&6746&'(%!@64&#(6!1M!5:%!1#!5@24$6D!k(!4!!54(%!14! 50%$1G.*3%

%'757$#>! 14! 87&%&(#>! #68D! E6! 27&%! 14! C#(7&%#$&#! %}#%6! &C2'%@#! 27&%J7#! 2'7$! C#%7$#$>! 8}@64&6! 24$B4&6D! %

.}#%6!7(!6$4!8}#%6!!2'7$!14J7#11#!

27&%!1#!H'&%!('7%!2#$C#664&6!5#!6#$C&(#$!24$!14!%8:(#!5#!14!B'$F6D!k(!(#!!'(!4!C&%!7(!%9%6:C#!J7&!B4&%4&6!2$#%%&'(DDD!

4$$&!54(%!8#66#!B'$F6>!M!24$6&$!5}7(!476$#!C@6&#$D!Q'(8!! &1! 24%%#! !k1&!1#!84C@$4C4(!=1&%%#!%7$!14!24$'&!5$'&6#!5#!14!!J7&!8'(57&6>!1:!

D1#![&'0,%%,!~!_4&%!('7%!4!

!Q"##$ *+,-$./01234506$7$$56809:453;/01234506&302:$1:$?@564$A61/B$1CD/6@E$$$$7$$$#)((($F@$>03G:$H2/$I06$$7$$J/@63:$ %&!!&'(()$ !!%$>2:$1:$?@564$A61/B$1CD/6@E$$$$7$$$#)((($F@$>03G:$H2/$I06$$7$$J/@63:$

$ +BK"J@L$M($')!$N%'$'ON$$$J/::PL$M$($#Q($RO'$RON$$SH!%4(%!=1&%%#$!! ZD! Q#%%&(!4(&C@!i!R&1C!5;4(&C46&'(!

('(>!&1!(}9!#(!4!I#!2#(%#D! WD! Q'87C#(64&$#!

k(!C'5&B&4&6!'7!4I'764&6!5#%!80'%#%!57$4(6!1#%!$@2@6&6&'(%D!G8&>!&1!9!4!C4&%!'(!4!6'7I'7$%!@!'(!4!5#%!2'&(6%!5#!$#2:$#>!5#%! \D! X8&#(8#!R&86&'(!

6$4I#86'&$#%!54(%!1}#%248#>!5#%!2$'I#6%!2#$%'((#1%>!'(!6$4!#6!8#66#!24$6&#!57! `D! ‚#%6#$(!

6$4! &1! $#%6#! #(8'$#! 7(! 2#7! 5#! 146&675#! 2'7$! 1#%! bD! P'&$!

8'C@5&#(%>!&1!1#7$!$#%6#!7(!2#7!5#!C4$=#D!Q}4764(6!J7#!1#%!214(%!%'(6!B$@J7#CC#(6!4%%#A!1'(=%>!5'(8! )+D! _7%&841!

CFC#! #(! $@2@64(6! 5#! B4o'(! 2$@8&%#>! M! 1}&(6@$$! 5#! 8#%! 214(%>! &1! 9! 4! 6'7I'7$%! J7#1J7#! 80'%#! J7&! ))D! X2'$6!

804(=#>! J7&! %}4C@1&'$#D! .#$64&(#%! %8:(#%>! 8#2#(54(6>! %'(6! #?6$FC#C#(6! 2$@8&%#%>! 8'CC#! 24$! !

#?#C21#!8#11#!5#!14!8'(%6$786&'(!5#!14!H'p6#!M!'76&1%D! !

! !4601@6&J7#>!8'7$4=#7?>!47?!%#(6&C#(6%!('H1#%!S[4$A4(>!m4C#%!U'(5>!U$78#!K##DDDTD!

D1#![&'0,%%,!~!G1!9!#(!4!7(!J7&!$#%6#!47!C'(&6#7$!!#6!7(!476$#!5&$#86#C#(6!%7$!1#!2146#47D!X4(%! 1#!B&1C!#%6!5@249%4(6!%'&6!54(%!1}#%248#!SI7(=1#>!'8@4(>!p1#%T!'7!54(%!1#!6#C2%!SB&1C%!0&%6'$&J7#%>!5#!

J7#!8#!%'&6!C460@C46&J7#>!'(!2#76!!J7&!%#! =7#$$#>!j7(=cB7T>!'7!1#%!5#7?!SB&1C%!H&H1&J7#%TD!

6$'7!#6!1}476$#!J7&!$#%6#!5#!8#17&!J7&!@64&6!%7$!1#! !

2146#47!3!4+5$0(,!

M! ('%! 5&%87%%&'(%D! .4! (#! %#$6! M! $&#(>! o4! 2#$67$H#! 6$'2D! G1! 4$$&!8'CC#!24$!#?#C21#!J74(5!('7%!B&1C'(%! #11#! 4! 5#%! B'$C#%! !X4804!l7&6$9T>!%'(!&$'(&#!C'$54(6#!SP4((&!_'$#66&T>!%#%!=#%6&87146&'(%!S['6'>!l@$4$5!k7$9>!

! l#'$=#%!K476(#$!'7!.1475#!r&5&T!'7!14!%46&$#!%'8&41#!S[0#!B711!C'(609>![0#!![0#!%(422#$TD!

! !

\(.5[,41.*,!c!:4*+H4"#$%5*%/'$)2,%-"#2%#.%-2"1>0).%@)56,%/*%("#2.*2%0)55*#2$,%/*%1>0.C*2%/*%C*.2*%"#% 23![,))(%!&%(5$!,*!.,!;(.5!0_&%(5&*(+%!

/*%-0&$3% !

% 1#! 5#%%&(! 4(&C@! %#! 5@B&(&6! 24$! %'(! C'5#! 5#! B4H$&846&'(! ]! 5#%! 5#%%&(%! 8'$$#%2'(54(6! 47?! 204%#%!

D1#![&'0,%%,!~!/4%!2'7$!1#!C'C#(6D!k(!8'2$'57&6!@=41#C#(6>!('64CC#(6!1#!B&1C!5#!/'54195:%>!D,! %788#%%&!R$&6A!60#!846!)b,+>![#?!

8R)*]',!0,!.&!#S&5I',!H&1%,D!a&(%&!J7#!D,!"+.,(.!&))&))(%$>!7(!B&1C!J7&!%#!24%%#!#(!a1=@$&#D!h74(6! 4!‚416!Q&%(#9TD!

M!('7%>!&1!!m#4(!

"&='>! m'$&%! G! .0$&%! _4$j#$>! #6! 4! &(B17#(8@! 1#! (@'c$@41&%C#! &641&#(D! .#$64&(%! $@41&%46#7$%! 8'CC#!

3'H#$6!R140#$69!SP4(''j!'B!60#!('$60!)bVVT!#6!349C'(5!Q#24$5'(!S$#2'$6#$%T!I'7#(6!#(6$#!1#!$@#1!#6!14!

%#(%&H&1&6@!&(5&!#6!$#(5!1#%!24%%&'(%!217%!!&(('8#(6%!2#$%@876@%>!C4145&#>!C'$6>!2$'H1:C#%!%'8&47?D!&1!I'7#!%7$!

5#%!'22'%&6&'(%!B'$6#%!]!0'CC#*B#CC#>!!I#7(#%*!3'88'!#6!

%#%!B$:$#%!5#!"&%8'(6&TD!

!

G3!\&%*&)*(B1,!,*!S+'',1'!

!

K#!B&1C!B4(64%6&J7#!5@2#&(6!1#!%7$(467$#1D!&1!6$'7!!B4(6fC#%>!J7&!%#!6$'72:$1:$?@564$A61/B$1CD/6@E$$$$7$$$#)((($F@$>03G:$H2/$I06$$7$$J/@63:$ %&!!&'(()$ !!%$>2:$1:$?@564$A61/B$1CD/6@E$$$$7$$$#)((($F@$>03G:$H2/$I06$$7$$J/@63:$

$ +BK"J@L$M($')!$N%'$'ON$$$J/::PL$M$($#Q($RO'$RON$$SH!R$4(j#(%6#&(!>!d&(=! ['+(*!`!#+1*15,)!

d'(=DDD! /D!3'114(5!

! !

K#!B&1C!5}0'$$#7$!! 57! !3&'!H$4!1#%!1@=#(5#%!5#!1}'7#%6!%'(6!5@C9%6&B&@#%!SK#!=4780#$5}a$607$!/#((>!U7BB41'!H&11!

#6!1#%!&(5&#(%!5#!3'H#$6!a16C4(T!#6!1#!=@('8&5#!&(5&#(!5@('(8@!SK&661#!H&=!C4(!5}a$607$!/#((>!Q4(%#!

4!W!B&1C%!4C@$&84&(%!%'(6!H426&%@%!•B&1C%!('&$%•!24$!14!8$&6&J7#!B$4(o4&%#!]!K#!

B478'(! C4164&%! 5#! m'0(! ƒ7%6'(>! K47$4! 5#! k66'! /$#C&(=#$>! a5! C4! H#11#! 5}E5e4$5! QC96$&8j! #6! K4!

B#CC#!47!2'$6$4&6!5#!R$&6A!K4(=!]!&1%!%#!5@$'71#(6!#(!!14!(7&6>!4!

#6!5#%!&(6$&=7#%!8'C21#?#%!47!5@('7#C#(6!@J7&!14!C7%&J7#!#%6!%6$7867$#!1#!B&1C!#6!17&!5'((#!%'(!%#(%D.#14!2#76!F6$#!7(#!8'C@5&#!

C7%&841#!54(%!14J7#11#!1#%!&(6#$C:5#%!C7%&847?!416#$(#(6!4!K4!B&@!K#%!5#C'&%#11#%!5#!$'80#B'$6TD!

!

Q4(%!K4!B1u6#!#(804(6@#!5#!G(=C4$!U#$=C4(!#6!Q'(!l&'!5}476$#%!B&1C%!%'(6!8'(%48$@%!M!5#%!C7%&8&#(%!SaC45#7%!5#!_&1'%!R'$C4(!M!_'A4$6>!U&$5!5#!.1&(6!

E4%6e''5!M!.04$1&#!/4$j#$>!#6![0#!$'%#!M!m4(&%!m'21&(TD!

!

K#%!B&1C%!$'8j!'7!2'2!C#66#(6!#(!847%#!14!%'8&@6@!SE4%9!$&5#$!5#!Q#((&%!ƒ'22#$!)b,b>!['CC9!5#!d#(!

37%%#1!)b\->![0#!e411!4114(!24$j#$!)b`VTD!!

!

!3&5&(=!l&4(6%T!'7!7(#!%@$&#!5#!%2'$6%!8'((#?#!S%2'$6!5#!

=1&%%#>!R$##!3&5#T!24$B'&%!54(%!7(!=#($#!5'87cB&86&'((#11#!SE(51#%%!X7CC#$!G!#6!GGTD!

!









'!"##$ *+,-$./01234506$7$$56809:453;/01234506&302:$1:$?@564$A61/B$1CD/6@E$$$$7$$$#)((($F@$>03G:$H2/$I06$$7$$J/@63:$ %&!!&'(()$ !!%$>2:$1:$?@564$A61/B$1CD/6@E$$$$7$$$#)((($F@$>03G:$H2/$I06$$7$$J/@63:$

$ +BK"J@L$M($')!$N%'$'ON$$$J/::PL$M$($#Q($RO'$RON$$SH!1}4$6&81#!)VVc->!&(5&J7#]! C'(6$#A!4&(%&!! 2'1@C&J7#>! 2@54='=&J7#>! !

%8&#(6&B&J7#!'7!5}&(B'$C46&'(!5#!1}'#7!

! 8#$64&((#%!2#$%'((#%!=4=(#!1#7$!!1}476#7$!(#!2#76!&(6#$5&$#!]! G1!%;4=&6!41'$%!217%!5;7(#!$#2$@%#(646&'(!60@€6$€1#!J7#!5#!14!$@41&6@D!

!!!!)…!K#%!$#2$@%#(646&'(%!2$&!M! !

1}#?8#26&'(! 5#%! 8'2&#%! 5#%! '#7! 2'7$! B&1C#$! 5#%! =#(%! 54(%! 1#7$! 486&! 1#7$! 480#6#$!

'$&=&(41#!4!@6@!8$@@#!#6!5#%!8'2&#%!5}7(!1'=&8
!476$#%!J7#!14!8'2&#!5#!%47! 2'1@C&J7#>! 2@54='=&J7#>! %8&#(6&B&J7#! '7! @6414=#!#6!1#%!! CFC#! &(6@=$41#>! 24$! 14! ! M! 6&6$#! 5}&(B'$C46&'(! 5}486741&6@>! 5#%! 5&%8'7$%! 2'7!45C&(&%6$46&!I75&8&4&$#%!'7!4845@C&J7#%>!4&(%&!J7#!54(%!1#%!

$@7(&'(%!27H1&J7#%!5}'$5$#!2'1&6&J7#!#6!1#%!8@$@C'(&#%!'BB&8#%!q! #?#C21#D!E!&(6@=$41#%!'7!24$6#%!5}'#7!1#!24%6&80#!#6!14!84$&8467$#>!8'C26#!6#(7!5#%!1'&%!57!=#($#Dz-{! !

!!!!-…!K#%!486#%!(@8#%%4&$#%!M!1}488:%!47!8'(6#(7!5}7(#!H4%#!5#!5'((@#%!@1#86$'(&J7#!2'7$!1#%!H#%'&(%!#6!54(%!1#%!1&C&6#%!5#! c!!/'7$!5#%!=#(%!J7&!!

1}76&1&%46&'(!2$@!5#%!8'76#47?!%7&%%#DDD!

! !

[lG!!/4$&%>!$@BD!))!I7&(!V++W>!X'8&@6@!_'71&(%4$6>!_C#!R4((9!3D!!8*!E$&8!mD>!k76$#24%%#!1#!845$#!5#!1;#?8#26&'(!5#!24$'5&#!#6!!5#!

84$&8467$#! 14! $#2$'5786&'(! #6! 1;4542646&'(! 5#! H4(5#%! 5#%%&(@#%! ! 1'$%J7#! 1#! 2$'8@5@! 76&1&%@! 2'7$! @!Vb!4!_&(&%6:$#!27H1&8>!%9(5&846%!2$'B#%%&'((#1%>!!%'8&@6@%!5#!1;@5&6&'(!!%'8&@6@%!!5#!2$'5786&'(!#6! 5#%!249%!#(!!P#!$#1:!5#!2$'8@5#$!M!1;@804(=#! Q#!CFC#>!(#!14&%%#A!24%!5#!C@5&84C#(6%!%47B!%&!!0f2&641!'7!

5;v7!M!14!%#71#!B&(!5#!%#!8'(%6&67#$!L!7(#!8'11#86&'(!2#$%'((#11#!ND!

[lG!!/4$&%>!$@BD>)-!C4$%!V++W>!X'8&@6@!a=#(8#!5#%!_#5&4%!P7C@$&J7#%!SaC#(T8!*!!U$&8#!5#!"D>!K4!$#2$&%#!5;@1@C#(6%!5#!14!24=#! 5&%2#(%4&$#D!

5;4887#&1!57!%&6#!&(6#$(#6!5;7(#!#(6$#2$&%#!%;@84$6#!5#!1;#?8#26&'(!5#!24$'5&#!5:%!1'$%!J7;#11#!5@!Vb!I4(!/$'87$#7$!5#!14!$@27H1&J7#>!%'8&@6@%!5;@5&6&'(!!%'8&@6@%!!5#!2$'5786&'(!#6!476$#%!8*!a?#1!RD>!m71&#(! !

QD! #6! 476$#%>! K4! $@41&%46&'(! 5#! 8'2&#%! 5;v7V%1"66V,%UU%60)%NOON>!FK-*2()$*$!(…!)W+D! "! /$#%J7#! 6'7%! 1#%! 249%! 5}aB$&J7#! ('&$#! #?&=#(6! 7(#! 476'$&%46&'(! 5#! 6'7$(4=#! J7&! !8#! _&(&%6:$#!5#!1}G(B'$C46&'(!#6*'7!57!C&(&%6:$#!5#!14!.7167$#D!K#!%#71!249%!J7&!1}4!%722$&C@!8}#%6!

5#$(&#$!4!$#C21&!%#%!'H1&=46&'(%D! 1#! _41&! C4&%! 14! 21724$6! 5#%! 2'1&8&#$%! #6! =#(54$C#%! (#! 1#! %4V,%T%90.4)*2%NOOj>!FK-*2()$*$%.k%NljD! !!E5&6&'(%!_4%%'(>!2D!)\b!#6! B&1C#$!'7!('(T!B4&%4(6!1#!1&#(!#(6$#!1#%!476'$&6@%!#6!!&1!B476!H&#(!#?21&J7#$!14!$4&%'(!5#!!/4$&%>!V)!C4$%!V++Z>!Xa!_'71&(%4$6>!_C#!R4((9!3D!8*!X./!m48J7#%!#6!R$4(o'&%![D!K}#?8#26&'(!C#(6&'((@#!M!1}41&(@4!5D!(#!

%}4221&J7#! 24%! M! 14! $#2$'5786&'(! 5}v7! /4$&%>! )\! 5@8D! V++V>! m#4(! Q'C&(&J7#! UD>! UDUDaD! a$80&6#867$#*X'60#H9}%! R$4(8#>! X'60#H9}%! G(6#$(46&'(41! 3#4169D! U$:!Z:C#!80D>!)Z!B@!a=#(8#!R$4(8#!/$#%%#!S#6!476$#%T!8*!_D!G!X4$1!_4=(&675#!!

!P#! $#1:!5@8D!V++V>!2D))`!q!U$:)Z!B@!XP.!/$&%C4!/$#%%#!#6!EY3K!R#CC#!8*!.04$1#%!"D!#6!4%%'8&46&'(!a2'5#1&(#!

K4!24$'5&#!%722'%#!1}&(6#(6&'(!5}4C7%#$!%4(%!(7&$#D!K4!24$'5&#!#?8176!6'76#!$#2$'5786&'(!&(6@=$41#!'7!24$6#!5#!1}v7!(…V-+>!2D!V\-!q!K#=41&%D(#6>!5@8D!V++V>!2D!,Z!!

[lG!/4$&%>!Vb!C4&!V++)!k(#D[#1!8*!P&8'14%!_D!

!K4!$#2$&%#!5#%!@1@C#(6%!84$486@$&%6&J7#%!5}7(!%&6#!G(6#$(#6!S6&6$#>!2$@%#(646&'(>!C&%#!#(!24=#>!8'71#7$%>!&(6&671@%!5#%!$7H$&J7#%T!

42:$1:$?@564$A61/B$1CD/6@E$$$$7$$$#)((($F@$>03G:$H2/$I06$$7$$J/@63:$ %&!!&'(()$ !!%$>2:$1:$?@564$A61/B$1CD/6@E$$$$7$$$#)((($F@$>03G:$H2/$I06$$7$$J/@63:$

$ +BK"J@L$M($')!$N%'$'ON$$$J/::PL$M$($#Q($RO'$RON$$SH! %4(%! B'$C41&6@! 'H1&=46'&$#D! /'7$! J7}7(#!

!!&1!%7BB&6!J7}#11#!%'&6!'$&=&(41#>!&(5@2#(54CC#(6!5#!6'76#!•6'7%!

K4!2$@%#(646&'(!5}7(!%&6#!#%6c#11#!2$'6@=#4H1#!24$!1#!5$'&6!5}476#7$!^! 5$'&6%! $@%#$! 7(! =$420&%C#>! 7(#! 4(&C46&'(! '7! 1}4$H'$#%8#(8#! 5}7(! %&6#! 2#76! 8'(%6&67#$! 7(#! .#66#!%#8'(5#!B'$C71#!#%6!217%!#?21&8&6#!#6!217%!$#%2#867#7%#!57!$@=&C#!B$4(o4&%!57!5$'&6!5}476#7$D!

5}v7! 422$@8&@! 24$! 1#! I7=#>! %}#(6#(5! 5#! 1}#C2$#&(6#! 5#! 14! 2#$%'((41&6@! 5#! 1}476#7$D! a&(%&! 7(! !G1!#%6!6'76#B'&%!$#8'CC4(5@!47?!476#7$%>!4!5#!%#!2$@8'(%6&67#$!5#%!2$#7! 5#! 5#%%&(%! '7! 20'6'=$420&#%>! 5#! %'(%! #6! 5#! 1&#(%! 092#$6#?6#%! 5'&6c&1! $@! 1#%! 476#7$%! 5}'#7! #(! 8'(%&5@$46&'(! 57! %'8&@6@%!5#!=#%6&'(!8'11#86&!5#!1}G(%6&676!P46&'(41!5#!14!/$'2$&@6@!G(57%6$#>!5}7(!

80'&?!5#!14!692'=$420&#>!5#%!8'71#7$%>!57!2'%&6&'((#C#(6!57!1'='>!5#!1}4=#(8#C#(6!5#%!4$6&81#%!'7!5#! ('64&$#! '7! 5}7(! 07&%%&#$D! G1! #?&%6#! @=41#C#(6! 5#%! 5@2f6%! #(! 1&=(#! 2#$C#664(6! 5}#(!9!8'C2$&%!24$!1}476#7$D!

!?1,..,)!)+%*!.,)!'$F(5,)!0,!9'+*,#*(+%!&##+'0$)!&1W!I&),)!0,!0+%%$,)!,*!.+F(#(,.)!,W9.+(*$)! !

,%!',.&*(+%!&L,#!1%!)(*,!6! !?1(! )+%*! .,)! I$%$;(#(&(',)! 0,! .&! 9'+*,#*(+%! 6! ?1,..,)! )+%*! .,)! ']F.,)! 0,! #,))(+%! 0,)! 0'+(*)! 6!

! SH@(@B&8&4&$#%T!

Y(#! H4%#! 5#! 5'((@#%! #%6! 7(! ! •2*1#*)5% /Wm#42*$,% /*% /"..'*$% "#% /W0#(2*$% '5'6*.($% )./'-*./0.($% !

/)$-"$'$% /*% 60.)G2*% $&$('60();#*% "#% 6'(>"/);#*% *(% )./)4)/#*55*6*.(% 011*$$)B5*$% -02% /*$% 6"&*.$% K}#(6$#2$&%#! %'704&64(6! #?21'&6#$! 7(! %&6#! G(6#$(#6! 5'&6! 'H6#(&$! 1#%! 5$'&6%! 5}#?21'&646&'(! 4BB@$#(6%! 47?!

'5*1(2".);#*$%"#%-02%("#(%0#(2*%6"&*.D•!S4$6&81#!KD!))VcZ!57!8'5#!5#!14!2$'2$&@6@!&(6#11#867#11#TD! 5&BB@$#(6#%!v7!#(!2$#C&#$!1>!1#%!5$'&6%!5@6#(7%!24$!1#%!

! 5&BB@$#(6%! 476#7$%! S=$420&%6#%>! C7%&8&#(%>DDDDT! 494(6! 24$6&8&2@! M! 14! 8$@46&'(! 57! %&6#! 17&! CFC#D!

K#! $@=&C#! I7$&5&J7#! 5#%! H4%#%! 5#! 5'((@#%! 2#76! ('64CC#(6! %}4221&J7#$! M! 7(#! 8'C2&146&'(! K}476'$&%46&'(! 5}#?21'&6#$! 8'(8#$(#>! #(! %#8'(5! 1>! 1#%! 5&!8#%!092#$1&#(%!5'&!7(!5$'&6!%7$!1#! !c!14!57$@#!5#!14!8#%%&'(!

8'(6#(7!c!8'(%&%64(6!54(%!1#!5$'&6!5}&(6#$5&$#!1}#?6$486&'(!'7!14!$@76&1&%46&'(!5#!14!6'641&6@!'7!5}7(#!24$6&#! !c!1#!1!5}#?21'&646&'(!5#%!5$'&6%!S4$6D!K!)Z)cZ!57!8'5#!5#!14!2$'2$&@6@!&(6#11#867#11#T!

J741&646<).%$#B$(0.()*5•D! !G1!#(!! %47B! 5&%2'%&6&'(! %646764&$#! '7!

Y(#!CFC#!H4%#!2#76!F6$#!2$'6@=@#!24$!1#!5$'&6!5}476#7$!2'7$!1}'$&=&(41&6@!5#!%4!%6$7867$#!#6!24$!1#!5$'&6! %6&27146&'(!8'(6$4&$#>!1#%!5$'&6%!246$&C'(&47?!%'(6!5@!A!Z'+*,#*(+%!0_P1L',)!9'$,W()*&%*,)!1*(.()$,)!)1'!._(%*,'%,*!

/4$!4&11#7$%>!14!8$@46&'(!#6!1#!B'(86&'((#C#(6!5}7(!%&6#!&(6#$(#6!&C21&J7#(6!14!8$@46&'(!5#!1'=&8
%D!.#%! h7#1%!%'(6!1#%!@1@C#(6%!2$'6@=@%!^!

1'=&8
%!H@(@B&8&#(6!57!$@=&C#!5#!2$'6#86&'(!5#!5$'&6!5}476#7$!%'7%!$@%#$!2$'5786#7$%!5#!20'('=$4CC#%!'7!

')"##$ *+,-$./01234506$7$$56809:453;/01234506&302:$1:$?@564$A61/B$1CD/6@E$$$$7$$$#)((($F@$>03G:$H2/$I06$$7$$J/@63:$ %&!!&'(()$ !!%$>2:$1:$?@564$A61/B$1CD/6@E$$$$7$$$#)((($F@$>03G:$H2/$I06$$7$$J/@63:$

$ +BK"J@L$M($')!$N%'$'ON$$$J/::PL$M$($#Q($RO'$RON$$SH! #(6$#2$&%#%! 5#! 8'CC7(&846&'(! 475&'! H@(@B&8&4&$#%! 5#! 5$'&6%! !5#!8#!B4&6>!F6$#!$#2$'57&6#%!'7!$#2$@%#(6@#%!1&H$#C#(6!%'7%!$@%#$!1#%!5$'&6%!246$&C'(&47?!%'(6!2$'6@=@%!2#(54(6!-+!4(%!M!8'C26#$! 8'11#86&! ('64CC#(6! 47! %#&(! 5}7(#! #(6$#2$&%#>! (#! 2#$C#6! 24%! 5#! $#! 5#! 14! ):$#! B&?46&'(! 5}7(#! H@(@B&8#!5#!1}#?8#26&'(D!

%@J7#(8#!5#!%'(!'7!5}&C4=#%!4(&C@%!2'7$!1#%!2$'5786#7$%!5#!20'('=$4CC#%!#6!5#!! !K}#?8#26&'(!5#!8'2&#!2$&!J7&!%'(6!7(&%!5#!B4o'(!04H&67#11#!24$!5#%!1&#(%!B4C&1&47?!'7!5}&(6&C&6@D!

! .'(5&6&'(! (@8#%%4&$#>! 14! =$467&6@! 5#! 14! $#2$@%#(646&'(! (#! 8'(%6&67#! 24%! M! #11#! %#71#! 7(#! 8'(5&6&'(!

K4! 5@1&!14!6$4(%C&%%&'(!=$467&6#!!5#!14!Xa.Q>!5#!14!Xa.E_>!5#!14!X.a_!#6!5#!14!XQ3_D! !G1!&C2'$6#!5#!%&=(41#$!J7}&1!(}9!4!24%!5#!8'$$#%2'(54(8#!#(6$#!14!('6&'(!5#!8'$$#%2'(54(8#!2$&!CFC#!%}&1!(}#%6!488#%%&H1#!J7}47?!%#71%!%414$&@%!5#!8#66#!#(6$#2$&%#D!K#!8#$81#!5#!8#%!

! %414$&@%!(#!2#76!F6$#!4%%&C&1@!M!7(!•8#$81#!5#!B4C&11#•>!&1!8'(%6&67#!47!8'(6$4&$#!7(!! %6'8j4=#! %7$! 1#! %#$! 486#! 5#! 6@1@804$=#C#(6! 5}4C&%D!

54(%!14!C@C'&$#!!#($#=&%6$#C#(6!%7$!1#!5&%J7#!57$!5#!1}76&1&%46#7$T!8'(%6&67#!7(#!$#2$'5786&'(!5#! !

8#11#c8&D!! A!4(*&*(+%)!

!K4!$#2$'5786&'(!5}7(#!v7!

47! 27H1&8! !2@54='=&J7#>!%8&#(6&B&J7#!'7!5}&(B'$C46&'(!5#!1}'#7! J7#1! J7}#(! %'&6! 1#! B'$C46! (#! 2#76! %}4(419%#$! #(! 7(#! 8'7$6#!

! 8&646&'(D!

! !X&!14!$#2$'5786&'(!2'$6#!%7$!1}&(6@=$41&6@!5}7(#!v7!#11#!(#!2#76!F6$#!4%%&C&1@#!M!7(#!8'7$6#!8&646&'(D!

A!.,!0'+(*!0_&0&9*&*(+%!S#?#C21#!]!6$45786&'(!54(%!7(#!14(=7#!@6$4(=:$#TD! K}7%4=#!5#!1}#?8#26&'(!5#!8'7$6#!8&646&'(!#(!C46&:$#!C7%&841#!#%6!%7H'$5'((@#!M!14!C#(6&'(!57!('C!

! 5#!1}476#7$!#6!5#!14!%'7$8#>!8'(5&6&'(!%&(#!J74!('(!5#!14!5&%2#(%#!57!8'(%#(6#C#(6!5#!1}476#7$D!

!G(5@2#(54CC#(6!5#%!5$'&6%!246$&C'(&47?>!1}76&1&%46&'(!5#%!v7!9!8'C2$&%!8#11#%!J7&!%'(6!6'CH@#%! !/'7$!1#%!v7!1}#?8#26&'(!5#!8&646&'(!&C2'%#!5#!!$#%6#!%7H'$5'((@#!47!$#%2#86!57!5$'&6!C'$41!5#!1}476#7$!#6!#(!24$6&871&#$!]! 5#!1}&(6@=$&6@!5#!1}v7!14!8&646&'(!57!('C!5#!1}476#7$!5}7(#!v7!%'7%!$@%#$!24$!!5#%!5$'&6%!246$&C'(&47?!5#%!476#7$%!I'7$(41&%6#%D!K4!=#%6&'(!8'11#86&!1#%!2$&(8&241#%!%'(6!]! E(! 4221&846&'(! 5#! 1}4$6&81#! K! )VVc-! 57! 8'5#! 5#! 14! 2$'2$&@6@! &(6#11#867#11#>! 2#7! M! 6&6$#! 5}&(B'$C46&'(! 5}486741&6@>! 1#%! 5&%8'7$%! 5#%6&(@%! 47! 27H1&8! 2$'('(8@%! 54(%! 1#%!

!c!1#%!8'7$6#%!8&646&'(%! 4%%#CH1@#%! 2'1&6&J7#%>! 45C&(&%6$46&! I75&8&4&$#%! '7! 4845@C&J7#%! 4&(%&! J7#! 54(%! 1#%! $@7(&'(%!

'Q"##$ *+,-$./01234506$7$$56809:453;/01234506&302:$1:$?@564$A61/B$1CD/6@E$$$$7$$$#)((($F@$>03G:$H2/$I06$$7$$J/@63:$ %&!!&'(()$ !!%$>2:$1:$?@564$A61/B$1CD/6@E$$$$7$$$#)((($F@$>03G:$H2/$I06$$7$$J/@63:$

$ +BK"J@L$M($')!$N%'$'ON$$$J/::PL$M$($#Q($RO'$RON$$SH! #?8#26&'(! J7&! 5'&6! F6$#! &CC#7H1#>!5}7(!2#&(6$#!2'7$!7(!64H1#47!#?2'%@!54(%!7(!C7%@#OT!

&(6#$2$@6@#!$#%6$&86&!V-!'86'H$#!)bb-TD! !K#%!v7!14!$@41&%46&'(!5}7(#!4(60'1'=&#!5#%!5&%8'7$%!2$'('(8@%!24$!7(#!CFC#!2#$%'((#! !c!488#%%&H1#%!24$!%6$#4C&(=!'7!24$!6@1@804$=#C#(6!

%7$!7(#!1'(=7#!2@$&'5#!(#!2#76!F6$#!#(6$#2$&%#!1#!8'(%#(6#C#(6!5#!8#66#!2#$%'((#D! !c!C&%#%!M!5&%2'%&6&'(!57!27H1&8!%'7%!B'$C#!5}#?6$4&6%!'7!&(6@=$41#C#(6!

! !

!?1,..,)!)+%*!.,)!.(5(*&*(+%)!O!.&!9'+*,#*(+%!0,)!0'+(*)!L+()(%)6! !K#%!•8'C2'%&6&'(%!C7%&841#%>!4!-…!57!8'5#!5#!14!2$'2$&@6@!&(6#11#867#11#D!K#%!4$6&%6#%c&(6#$2$:6#%!%'(6!6&6714&$#%!5}7(!

K#%! 6&6714&$#%! 5#! 5$'&6%! ! 1#! 2$'5786#7$! 5#! 20'('=$4CC#%! c! 5@B&(&! 8'CC#! 14! 2#$%'((#! 209%&J7#! '7! C'$41#! J7&! 4!

5#%6&(@#%!M!7(#!76&1&%46&'(!8'11#86&! 1}&(&6&46&! 5&%2'%#! 57! 5$'&6!

!c!4(419%#%!#6!8'7$6#%!8&646&'(%>! 5}476'$&%#$!•6'76#!$#2$'5786&'(>!C&%#!M!5&%2'%&6&'(!57!27H1&8!24$!14!!1}@804(=#!'7!1#!1'74=#>!'7!

!c!$#!24%6&80#!#6!84$&8467$#!8'C26#!6#(7!5#%!1'&%!57!=#($#D! !K4! $#2$'5786&'(! 5}7(#! v7! 6'76! 8'CC#! %'(! %6'8j4=#>!

!E(!'76$#>!1#%!4$6&%6#%c&(6#$2$:6#%!(#!2#7!1#%!4$6&%6#%c&(6#$2$:6#%!(#!2#7!&1!8'(!&1!8'(! 1#! 1@=&%146#7$! S4$6D! K! Z))c)! M! K! Z))c`! 57! 8'5#! 5#! 14! 2$'2$&@6@! (#!8'(%6&67#!24%!7(#!8&646&'(!J7&!@80422#$4&6!47!C'('2'1#!5#!1}476#7$D!

&(6#11#867#11#T!4!&(%6&67@!7(#!$@C7(@$46&'(!2'7$!8'2&#!2$&! 4$6&%6#%c !?1,..,)!)+%*!.,)!)&%#*(+%)!,%!#&)!0,!#+%*',;&d+%!6!

&(6#$2$:6#%>!2$'5786#7$%TD! !

!K4!8'CC&%%&'(!2$@! ('64CC#(6! (7C@$&J7#%>! #6! 47?! %722'$6%! 5}#($#=&%6$#C#(6! &(6@=$@%! 47?! •H4145#7$%•! 9'+;,))(+%%,..,! f)+#($*$! 0_&1*,1':! )R%0(#&*! 9'+;,))(+%%,.:! )1'! 5&%0&*! )(! .,)! )*&*1*)! .,!

#($#=&%6$#7$%!47!B'$C46!_/!ZD! 9'$L+(,%*g3!D&!#+%*',;&d+%!0+%%,!.(,1!O!0,)!)&%#*(+%)!9$%&.,)!,*!#(L(.,)3!

! !

!?1,.B1,)!,W,59.,)! !?1,.)!$.$5,%*)!)+%*!)1)#,9*(I.,)!0_b*',!9'+*$F$)!9&'!.,!0'+(*!0,)!5&'B1,)!6!

! !

A!/*(.()&*(+%!0,!9S+*+)! Y(!=$420&%C#!'7!7(!1'='!2#76!47%%&!B4&$#!1}'HI#6!5}7(!5@2f6!5#!C4$J7#D!K}#($#=&%6$#C#(6!5}7(!5@2f6!

!Y(#! 20'6'! '$&=&(41#! #%6! 8#11#! J7&! 2'$6#! 1}#C2$#&(6#! 5#! 14! 2#$%'((41&6@! 5#! %'(! 476#7$! S4(=1#! 5#! ! 5}7(#! C4$J7#! (46&'(41#! %}#BB#867#! 472$:%! 5#! 1}G(%6&676! (46&'(41! 5#! 14! 2$'2$&@6@! &(6#11#867#11#D! G1! #%6!

@814&$4=#OTD!a!6&6$#!5}#?#C21#>!(#!%#$'(6!24%!8'(%&5@$@#%!8'CC#!6#11#%!1#%!20'6'=$420&#%!5}&5#(6&6@! %'7C&%!('64CC#(6!M!14!8'(5&6&'(!J7#!1#!('C!80'&%&!S#6*'7!1#!1'='T!(#!%'&6!24%!5@IM!76&1&%@!24$!7(!6&#$%>!

a7c5#1M! 5#! 14! 2$'6#86&'(! 488'$5@#! M! 1}476#7$! 5#! 14! 20'6'=$420&#>! &1! 8'(!%'&6!M!6&6$#!5#!5@('C&(46&'(!%'8&41#!2'7$!5#%!2$'57&6%!'7!%#$! V,>! H&%! $7#! 5#! X6c

!c!K}4$6&81#!b!57!8'5#!8&!\-`++!.#5#?!+`>![@1D!+)!-Z!+W!-Z!+WTD!

5'(8!5#!! %}&1! (}4224$4p6! 24%! M! 1}@! %4(6@>! %'8&@6@DDDTD! X}&1!

%}4=&6!5}7(!$#2'$64=#!#BB#867@!54(%!14!$7#>!&1!#%6!2$@B@$4H1#!5#!2$#(5$#!5#%!214(%!=@(@$47?!#6!5#!(#!24%!

&%'1#$!J7#1J7#%!2#$%'((#%D!

!c! G1! 8'(! J7&! 2'7$$4&#(6! F6$#! 2:$1:$?@564$A61/B$1CD/6@E$$$$7$$$#)((($F@$>03G:$H2/$I06$$7$$J/@63:$ %&!!&'(()$ !!%$>2:$1:$?@564$A61/B$1CD/6@E$$$$7$$$#)((($F@$>03G:$H2/$I06$$7$$J/@63:$

$ +BK"J@L$M($')!$N%'$'ON$$$J/::PL$M$($#Q($RO'$RON$$SH%'7%!$@%#$! 14! 2$'6#86&'(! 1@=41#! ! 4! 24$1#C#(64&$#%!'7!5@8&%&'(!5#!I7$&%2$75#(8#T!#6!!1#%!&(B'$C46&'(%!H$76#%!S('(!B'$C41&%@#%TD!

! 14! B'$C#! !

5;#?2$#%%&'(>! 1#! ! C@$&6#! '7! 14! 5#%6&(46&'(ND! ['76#B'&%! C41=$@! 1#%! 6#$C#%! ! =@(@$47?! 5#! 14! 1'&! >! 1#%!

8$@46&'(%!&(6#11#867#11#%!(#!%'(6!!24%!476'C46&J7#C#(6!2$'6@=@#%!24$!1#!5$'&6!5;476#7$>!14!!2$'6#86&'(!

(#!H@(@B&8&#!J7;47?!v7!1#!B4&6!!J7;7(#!v7!4&(%&!24$!#?#C21#!1#%!#%J7&%%#%!'7!@H4780#%!2#7!!#11#!#%6!5@B&(&#!8'CC#!1;#C2$#&(6#! 5#!%4!2#$%'((41&6@D!K4!!8'(5&6&'(!5;'$&=&(41&6@!#%6!

7(#!('6&'(!$#146&!1#%!I7=#%!!422$@8&4(6!1#!84$486:$#!'$&=&(41!5#!1;v7!#11#!%#!

5&%6&(=7#!5#!14!('6&'(!5#!('7!5#7?!2#&(6$#%!2#&=(4(6!1#!

CFC#! %7I#6! >! 1#! %#8'(5! 64H1#47! ! (;#%6! 24%! ('7!A!D,!#S&59!!0_&99.(#&*(+%!

!

K4!2$'6#86&'(!1@=41#!4!!5#!14!B'$C#!5;#?2$#%%&'(>!57!!

C@$&6#!'7!5#%6&(46&'(!Sa$6!KD))Vc)!./GTD!

!

K#%!v7!

4$6&%6&J7#! C7%&841! TD! /#7! &C2'$6#! 14! B'$C#! 54(%! ! 14J7#11#! 1;v7! '$41#TD! K4!

2$'6#86&'(!#%6!@=41#C#(6!57#!&(5@2#(54CC#(6!5#!6'76#!!8'(%&5@$46&'(%!6&$@#%!57!C@$&6#!5#!1;v7!!

8;#%6cMc5&$#! 5#! %4! J741&6@! #%60@6&J7#! '7! #(8'$#! 5#! 14! ! B&(41&6@! 2'7$! 14J7#11#! 1;v7! 1;4$6&81#! KD))VcV! 8&6#! ! ('64CC#(6! ]! 1#%!

v7! 1#%! v7! 1#%! ! v7! 1#%! v7!1#%!!v7!1#%!

v7! 1#%! v7! 1#%! v7! ! 1#%! v7! 1#%! v7! 1#%! 1'=&8
%>! 1#%! 8$@46&'(%! 5#%! &(57%6$&#%! ! %4&%'((&:$#%! 5#!

1;04H&11#C#(6!#6!5#!14!24$7$#DDD!!5&()!#,**,!$%15$'&*(+%!%@,)*!9&)!!.(5(*&*(L,!

!

K#!6&6$#!5;7(#!v7!!5:%!1'$%!J7;&1!2$@%#(6#!7(!84$486:$#!'$&=&(41!!H@(@B&8&#!5#!14!CFC#!2$'6#86&'(!

J7#!1;v7! 4542646&'(%>! 6$4(%B'$C46&'(%! '7!

4$$4(=#C#(6%! T! #6! 47?! 4(60'1'=&#%>! ! $#87#&1%! 5;v72:$1:$?@564$A61/B$1CD/6@E$$$$7$$$#)((($F@$>03G:$H2/$I06$$7$$J/@63:$ %&!!&'(()$ !!%$>2:$1:$?@564$A61/B$1CD/6@E$$$$7$$$#)((($F@$>03G:$H2/$I06$$7$$J/@63:$

$ +BK"J@L$M($')!$N%'$'ON$$$J/::PL$M$($#Q($RO'$RON$$SHQQC! !

! !

! !

! !@8$&$#!7(!$#2'$64=#!5'87C#(64&$#! a!J7#1!J7#!%'&6!1#!%722'$6!J7#!!B4&6#%>!

ZD! E?#C21#!5#!%8@(4$&'!5'87C#(64&$#! 54(%!!7(!6$&!5#!!7(#!&C4=#>!7(!2#$%'((4=#O!J7&!!1#!%691#!5#%!B&1C%!J7&!

! !$#!#(!#%%494(6!5#!8'C2$#(5$#!2'7$J7'&!&1%!!6'780@!'7!@C7D!

!

P;0@%&6#A! 24%! M! B4&$#! 5#%! -0#$*$!$@=71&:$#%! %7$! !

QG"?>!U&(n>!n!!M!14!$4&%'(!5;F6$#!5#!804J7#!214(>!5#!

804J7#!876>!5#!1;@814&$4=#>!5#!14!H4(5#!%'(>!5#!1;4?#!5#!2$&%#!5#!!57!C'7!5#!

804J7#!6$4(%&6&'(>!#68OD!

.#14!!2'%#Ac!&1!(#!%;4=&6!24%!5#!8'2&#$!1#!6$4!M!6$4!5#!

8'C2$#(5$#>!5#!C4(&:$#!217%!2$'B'(5#>!14!B4H$&846&'(!5;7(#!v73!!E'+1L,'!)+%!)1H,*!

!

_FC#!%&!1#!%7I#6!6$4&6@!#%6!=$4!14!J741&6@!5;7(!B&1C!6&#(6!#(!24$6&#!47!214&%&$!$#%%#(6&!24$!1;476#7$!1'$%!

5#!%'(!@8$&67$#D!a1'$%>!8'CC#(8#A!24$!!%'7!2#$%'((4=#%!$#(8'(6$@%>!%8:(#%!5#!1&!4$6&81#%!5#!I'7$(47?>!#68D!

!

/7&%>!$#2'$6#A!%7$!7(#!B#7&11#!8#%!5&BB@$#(6#%!L!%#(%46&'(%!N>!CFC#!%;&1!%;4=&6!5;7(!H$'7&11'(!5;&5@#%>!5#!

('6#%!@24$%#%!'7!5#!5#%%&(%!|!

!

_7(&%!5#!8#%!5&!!M!24$6&$!5#!1M>!7(#!17C&:$#!!! 1;@8$&67$#! 5;7(! %8@(4$&'>! '7! 5;7(#! ('6#!

5;&(6#(6&'(>!(@8#%%&6#!5#!2$'8@5#$!24$!@642#%D!

/'%#Ac2:$1:$?@564$A61/B$1CD/6@E$$$$7$$$#)((($F@$>03G:$H2/$I06$$7$$J/@63:$ %&!!&'(()$ !!%$>2:$1:$?@564$A61/B$1CD/6@E$$$$7$$$#)((($F@$>03G:$H2/$I06$$7$$J/@63:$

$ +BK"J@L$M($')!$N%'$'ON$$$J/::PL$M$($#Q($RO'$RON$$SH! 7(! =$'72#! !

5&%24$46#!J7&!B&(&6!24$!%#!%'1&54$&%#$!2'7$!5@('(8#$!#6!4=&$>!1#!80#C&(#C#(6!&(6@$$!5;7(!I#7(#!$48&%6#! !

&(B17#(o4H1#!J7&!8'C2$#(5!%'(!#$$#7$>!#68D! !

! Y(!$#2'$64=#!&(B'$C#!%7$!7(!B4&6!5#!%'8&@6@>!7(#!%&6746&'(!24$6&871&:$#!M!5@('(8#$>!7(#!L!4BB4&$#!N>!7(!

n="66*.(%(20)(*2%1*%$#9*(%3%%% B4&6c5&!J7#!1;476#7$!S1#!I'7$(41&%6#T!#%%4&#!5#!$#6$4(%8$&$#!#6!5;#?21&J7#$!47!=$4(5!27H1&8D!

/4$! #?#C21#!]! E(! %#! 214o4(6! 57! 2'&(6! 5#! ! M! 6$4! #(! !

2$&! #(! 4?4(6! %'(! $@8&6! %7$! 14! 5#%8$&26&'(! C&(76%#! 5;7(! 486#! !

$@2$@0#(%&H1#>!#68D! )$(")2*%3% K;#(J7F6#! %7$! 1#! 6#$$4&(! #%6! 47! 8#(6$#! 57! $#2'$64=#D! Q4(%! 7(! 2$#C&#$! 6#C2%>! &1! #%6! (@8#%%4&$#!

/4$!#?#C21#!]!Y(!!7(#!8'7$!5;@8'1#>!14!804CH$#!5;7(!198@#(>!14!! 5;#BB#867#$!7(#!8'11#86#!5;&(B'$C46&'(%D!

1#%!!7(#!#(6$@#!5#!H'&6#!5#!(7&6!#68D! !

! G1!B476!5'(8!2$'8@5#$!24$!@642#%!]!

nD#*55*%'12)(#2*%.0220()4*%-"#2%6".%@)56%3% !

! )D! .0'&%&$!7(!60:C#!2$@8&%!!

/'7$! 7(! ! 2$&! 6$'7!I'7#$!14!84$6#!5;7(#!8'C@5&#!C7%&841#>!#68D! %7I#6!8#(6$41!5#!!76&1&%#$!1;&(6#$!@8$&$#!8'CC#!%&! ZD! .'CC#(8#$!M!%#!5'87C#(6#$!%7$!8#!%7I#6!SI'7$(47?>!G(6#$(#6>!B&1C%>!#68DT!

8;@64&6!7(#!B&86&'(!8#$64&(#%!24$6&#%!57!$#2'$64=#>!8'CC#(6#$!#(!! 7(#! 8'7$%#c2'7$%7&6#! $960C@#>! 7(! 1'(=! 214(c /17%!64$5>!4!&1!%#$4!6#C2%!5;422$'B'(5&$!!7(!B&1C!C7#6>!#68D! #6!#(!&(6#$$'=#4(6!5#%!6@C'&(%!1&@%!M!! J7#! %#! 2'%#! 6'76! C#66#7$! #(! %8:(#>! !!CFC#!B1'7#>!5#!!&1!!#(B&(>!6$'73![$;(%('!.&!;+'5,!,*!.&!)*'1#*1',!0,!)+%!',9+'*&F,!

!

/'%#Ac!C'(!$#=4$5>!%7$!1;@!1#!60:C#!8#(6$41!5#!C'(!%7I#6!^!

WD! h7#1!%#$4&6!1#!$960C#!=@(@$41!57!C'(64=#!^!

-D! h7#1!#%6!1#!6'(!5#!C'(!B&1C!S=$4!07C'$&%6&J7#>!#68DT!

,D! E%6c8#!J7#!I#!!CFC#!!! &1! #?&%6#! 7(#! C716&675#! 5#! B'$C#%! 5#! $#2'$64=#%! #6! 5#!

5'87C#(64&$#%>! 8'CC#! 1#! 2'$6$4&6! 5;7(! 2#$%'((4=#>! 1#! B&1C! 5;'H%#$! 1;#(J7F6#>! 7(#! $@41&6@!

6'7$(@#!#(!5&$#86>!14!C&%#!#(!B&86&'(!5;7(!B4&6!$@#1!'7!14!H&'=$420&#D!

!

3#%6#!C4&(6#(4(6!M!#(!5@B&(&$!14!%6$7867$#D!

!

/'7$!8#14>!$#6#(#A!J746$#!'7!8&(J!4%2#86%!&C2'$64(6%!J7&!%#$'(6!4764(6!5#!L!8042&6$#%!N!5#!2:$1:$?@564$A61/B$1CD/6@E$$$$7$$$#)((($F@$>03G:$H2/$I06$$7$$J/@63:$ %&!!&'(()$ !!%$>2:$1:$?@564$A61/B$1CD/6@E$$$$7$$$#)((($F@$>03G:$H2/$I06$$7$$J/@63:$

$ +BK"J@L$M($')!$N%'$'ON$$$J/::PL$M$($#Q($RO'$RON$$SH_g!

,D! _@(4=#$!5#%!#BB#6%!5#!%7$2$&%#!54(%!1#%!&(B'$C46&'(%D! !

! !

_4&(6#(4(6>!&1!! 1#%! %'7$8#%! 5#! 14!

23!J#'(',!.&!9'$),%*&*(+%!01!',9+'*&F,! C4145&#!C#(641#D!K4!=@(@6&J7#!#6!1#%!5#$(&:$#%!6#80(&J7#%!5;&C4=#$&#!C@5&841#!422'$6#(6!5#%!2$#7!('7%!!)1'!*'+()!9&F,)!5&W(515>!7(! 5#!('%!2%980&%C#%D!K#%!2$'=$:%!#(!(#7$'%8&#(8#%!$4!2'7$!7(!$#2'$64=#>!2$#(5!14!B'$C#!5;7(#!('6#!5;&(6#(6&'(!#6!7(!%9('2%&%D!X&!!J7&!%;&1%!%'(6!&(6#$5@2#(54(6%>!(;#(!%'(6!24%!C'&(%!$@5786&H1#%!1;7(!M!1;476$#D!

5@%&$#A>!!14!6$4C#!5#!1;0&%6'&$#>!1#%!1?!#6!1#%! 2%980&J7#%D!

2#$%'((4=#%!J7&!%#$'(6!B&1C@%>!1#!2'&(6!5#!!47!6$4!2#$C#66$4!5#!8'C2$#(5$#!14!(4&%%4(8#!

.#66#!('6#!2#76!F6$#!&117%6$@#!5#!J7#1J7#%!20'6'%!'7!4$6&81#%!5#!I'7$(47?D! 5#! 14! 87$#! 4(4196&J7#! #6! %#%! B'(5#C#(6%>! 4&(%&! J7#! 1;@C#$=#(8#! 5;7(#! 204$C48'1'=&#! 5#%!

! 8'C2'$6#C#(6%! M! 24$6&$! 5#%! 5@8'7!@642#!24$!@642#>!14!%6$7867$#!57!B767$!B&1C!#6!%'(!8'(6#(7>!%'7%!B'$C#!5#!8'7$6%! 1;@646! 5#%! 1?! 5#! 8#%! 5#7?! 5&%8&21&(#%! 804$(&:$#%>! 2%9804(419%#! #6! (#7$'2%980&46$&#>! M! 14! B$'(6&:$#!

24$4=$420#%!'x!1#!1#86#7$!5'&6!! %'7%! 1;4(=1#! 5#! %4! %&(=714$&6@! 2%980&J7#D! .#!

E8$&$#!7(!$#2'$64=#!#%6!7(#!5@C4$80#!24$B'&%!4$57#>!84$!#11#!'H1&=#!1;476#7$!M!4(6&8&2#$!7(!$@#1!J7&! 2#$%'((4=#!5;#?8#26&'(!%#$4!7(#!&(!#(!6'76#!80'%#>!$#%6#A!%&C21#!#6!8'(8&%D!X&!!#?21&J7#A!%7$6'76!!84$>!CFC#!%&!1#!$#2'$64=#!B&1C@>!4!(#!%#$4!24%!B'$8@C#(6!B&5:1#!M!%4!5#%8$&26&'(!%7$!1#!242&#$>!&1!5#)4*$%o%

!X@$&#!5#!%&?!20'6'%!5;E1&%4H#60!5;a76$&80#!M!5&BB@$#(6%!C'C#(6%!5#!%4!!d"!ZZ)!a114![7$84>!G![#C4>!_'A4$6D!

!!")K%"@@%o%

!

!Lƒ&%6'$&#(%>!@8$&!20&1'%'20#%>!2%9804(419%6#%!%#!%'(6!&(6@$#%%@%!M!#11#>!#6!'(6!@8$&6!M!%'(!%7I#6D!

.0487(!#(!B'(86&'(!5#!%4!%#(%&H&1&6@!5@!'H%@5@#!24$!14!B'1&#>!%'1&64&$#>!H#11#>!6$:%!H#11#>!C4&%!47%%&!6#$$&H1#C#(6!(4$8&%%&J7#D!

!R'11#!'7!%&C21#C#(6!#(!5@8414=#!4! &1! 5#C#7$#! %7$6'76! 7(#! B#CC#! 4!J7&!%;&(84$(4!54(%!14!C'7!%7$!1#%!8'11&(#%!5#!14!!2$'C#(45#!54(%!1#!24$8D!!

!G(%8$&26&'(!M!1}@8$4(!%7$!1#%!2$#C&:$#%!&C4=#%!]!ƒf2&641!2%980&46$&J7#!5#!"&#((#D!

!X'(!]!X'(464!&(!a>!d"!ZZ)!a114![7$84>!G![#C4>!_'A4$6>!B&(D!

%!")K%"@@%o%

!

!L"&%&64(6! 1#%! 0f2&647?! 2%980&46$&J7#%! 5#! 80487(#! 5#%! ! #11#! 5#C4(54! M!

1;EC2#$#7$!5#!5'6#$!"&#((#!5;7(!@64H1&%%#C#(6!2%980&46$&J7#!5#%!217%!C'5#$(#%!J7&!%'&6D!

!E1&%4H#60>!(@#!‚&66#1%H480>!$#5'764&6!5#!%'CH$#$!54(%!14!B'1&#>!8'CC#!14!21724$6!5#%!C#CH$#%!5#!%4!

B4C&11#!]!14!8$4&(6#!57!2'&5%!5#!1;0@$@5&6@DDD!!

!P4p6c'(!B'7!^!.'CC#(6!1#!5#!2'7$J7'&!^!

!.#14!%#!%'&=(#!6c&1!#6!%7$6'76!J7;#%6c8#!J7;F6$#!B'7!^!

!h7&!C?!J7;E1&%4H#60!2'7$$4&6!%'71#!57!5@%#%2'&$>!5#!14!%'7BB$4(8#>!5#!14!

8'(5&6&'(!07C4&(#!^!/4$8#!J7;#11#!$#2$@%#(6#!1#%!4%2&$46&'(%!B@C&(&(#%!5#!('6$#!6#C2%>!&(5@2#(54(8#!

#6!1&H#$6@>!1#!80'&?!5#!C#(#$!%4!!#6!24$8#!J7#!('CH$#!5#!I#7(#%!B#CC#%!14!8'(%&5:$#!

8'CC#!7(!&5@41>!#11#!#%6!217%!J7#!(711#!476$#!M!CFC#!5#!('7%!&(6$'57&$#!54(%!1#!5@H46!804'6&J7#!5#%!

$422'$6%!#(6$#!1#!8'$2%!#6!1;#%2$&6D!N!

RQ"##$ *+,-$./01234506$7$$56809:453;/01234506&302:$1:$?@564$A61/B$1CD/6@E$$$$7$$$#)((($F@$>03G:$H2/$I06$$7$$J/@63:$ %&!!&'(()$ !!%$>2:$1:$?@564$A61/B$1CD/6@E$$$$7$$$#)((($F@$>03G:$H2/$I06$$7$$J/@63:$

$ +BK"J@L$M($')!$N%'$'ON$$$J/::PL$M$($#Q($RO'$RON$$SH! 84$486:$#%! H14(8%! %7$! B'(5! ('&$! ]! •a.[E! G! ]! K;ƒyX[E3GE! kY! Ka! PaGXXaP.E! QE! Ka! !8".%o!X4$4H4(5#!5#!14!%7&6#!(…))!#(!$@!C&(#7$>!ƒ4#(5#1D!

/Xy.ƒaPaKyXE•! %!")K%"@@%o%

!8".%o!K#!U#47!Q4(7H#!U1#7!5#!m'04((!X6$47%%D! !

! !LQ#!%4!17(#!5#!C
!546#(6!1#%!2$#C&#$%!2':C#%!6$&%6#%>!@8$&6%!&(47=7$47?!5}7(#!1'(=7#!%7&6#!%7$!1#!

X60C*$%/W021>)4*$%o% 60:C#!$@87$$#(6!5#!14!%'1&675#D!G%'1@#!6'76#!14!I'7$(@#>!2#(54(6!J7#!%'(!C4$&!6$4! R$#75! 4%%&6! M! 8f6@! 5#! %'(! 5&!#11#!$#=$#66#!%4!U4! #6! 7(#! 20'6'! 5#! 14! 2'$6#! 5;#(6$@#! 5#! %'(! 84H&(#6! ! 24$! !

E5C7(5!E(=#1C4(TD! X60C*$%/)4*$%o%

%!")K%"@@%o% !X@$&#!5#!20'6'=$420&#%!5;E5C7(5!E(=#1C4(!#(!)bZ`!]!K#!84H&(#6!5#!R$#75!#6!%4!8'11#86&'(!5;'HI#6%!

! 4(8&#(%>! 1#! 84H&(#6! !1#!5&!14!24$6&#!=4780#!57!H7$#47!B4&%4(6!

!LK#!2%980&46$#!U$7('!U#66#10#&C!8'(%&5@$4&6!E1&%4H#60!5;a76$&80#!8'CC#!7(#!09%6@$&J7#D!k$!8;#%6!#(! B48#!M!14!B#(F6$#D!R$#75!54(%!%'(!H7$#47!5#!14!U#$=4%%#!)b!4!R$#75!

$#(8'(6$4(6!1;09%6@$&#!J7#!R$#75!@14H'$#$4!2#7!M!2#7!14!87$#!4(4196&J7#D!K4!2%9804(419%#>!%4(%!5'76#! M!%'(!H7$#47!! 5@$4(=#4! #6! 5@$4(=#! #(8'$#! 64(6! 8#! J7;#11#! %'71:!J7&!!C4&%!

! $@!J7#!5#!C'6%!%;@814&$4(6!1#%!7(%!1#%!

! 476$#%>!7(#!!C#66$#!M!I'7$!8#!J7&!4!!5&%4&6!J7#!]!•a787(!z5#%!246&#(6%{!(;@64&6!2$@24$@!

!G(%8$&26&'(!M!1}@8$4(!%7$!1#%!2$#C&:$#%!&C4=#%!]!14!ƒ'BH7$=>!2414&%!&C2@$&41>!"&#((#D! M!14!5@8'7!5#!l$:8#>!5#!3'C#!#6!5;k$&#(6D!K#!('C!@!zDDD{>!B4&%4&#(6!B48#!47!246&#(6!J7&!!5#%!$'C4(%!8'CC#! #6!%'(!0&%6'&$#!#(B'7&#D•!R$#75>!54(%!1#!%#8$#6!5#!%'(!84H&(#6!!B4&6!@C#$=#$!7(!8$&!5#!!$48'(64(6!1}0&%6'&$#!5}7(#!I#7(#!B#CC#!09%6@$&J7#>!'7!•K#66$#!5}7(#! 54(%!7(#!%'8&@6@!'x!1;'$5$#!%'8&41!#6!1;092'8$&%&#!@64&#(6!5#!C&%#D!N!

&(8'((7#•! 5#! re#&=>! 5@8$&! C#66#(6! M! I'7$! 1#%! 24%%&'(%! 57! 8v7$! #6! 5#! !

1}#%2$&6! 54(%! 6'76#! 1#7$! €2$#! ! #11#! (#! 8#%%#$4! 5#! !

$#! 7(#! ! !E?6@$$!I'7$D!

I'&(6#!M!7(#!#?8#%%&!2'$6$4&6!5#!R$4(o'&%cm'%#20! 6$457&%#(6! H&#(! 7(#! 2$'B'(5#! 5&BB&8716@! 5#! !2'$6$4&6!5#!14!B&4(8@#!&C2@$&41#!5#!),!4(%!#6!20'6'=$420&#!5}E1&%4H#60!#(!)`,-!4!J7&!(#!5&%#(6!$&#(!5#%!@646%!5}€C#!#6!5#!14!5$4C467$=&#!57!60@€6$#!5#!14!!C4&%!&1%!(#!2#7! @2'7%4! 4! 217%! %#71#C#(6!1}v7! %'(! $f1#! 5#!('(!24%!217%!0#7$#7%#D!zO{!

27H1&J7#!#6!M!5'((#$!5#%!0@$&6&#$%!47!6$f(#D!m#7(#!B&11#!5#!J7&(A#!4(%!J74(5!1}EC2#$#7$!5#C4(5#!%4! zG1{! (}4! z24%{! C'(6$@! M! 1}0'CC#! 7(#! &%%7#! 8'CC'5#>! 7(! $#B7=#! 54(%!7(!24$45&%!6#$$#%6$#!'7!8@1#%6#!

C4&(>! %#%! 466#(6#%! %'(6! 4! 1#%! 0'((#7$%>! 14! B'$67(#>! (;'(6! 4787(#! C4&%! 6'7I'7$%! #6! 7(&J7#C#(6! 1#! 80#C&(! J7&! 8'(57&6! M! 14! 8'((4&%%4(8#! 5#! %'&cCFC#>! 14! !#11#!5&6!]!•m#! 1}4&C#!!@!I7=@#>!E1&%4H#60!5#!C4&%!J7}&C2'$6#!1#%!5@64&1%!|!

5@2$#%%&! &1! (}@64&6! J7#%6&'(>! &1! %}4=&%%4&6! 5#! 24$4p6$#D! [$:%! !X&%%&!5#!B#CC#!C@14(8'1&J7#>!%'7BB$4(6!M! 1}7(&!d,V,>!GGG!X#J7#(A!!_'A4$6D!

!K#!80€6#47!5#!K4?#(H7$=>!('(!1'&(!5#!"&#((#>!'x!E1&%4H#60!4114!24%%#$!%4!17(#!5#!C
!]!2:$1:$?@564$A61/B$1CD/6@E$$$$7$$$#)((($F@$>03G:$H2/$I06$$7$$J/@63:$ %&!!&'(()$ !!%$>2:$1:$?@564$A61/B$1CD/6@E$$$$7$$$#)((($F@$>03G:$H2/$I06$$7$$J/@63:$

$ +BK"J@L$M($')!$N%'$'ON$$$J/::PL$M$($#Q($RO'$RON$$SH! 6'76! 47! C'&(%! %#%! %'7BB$4(8#%! 47$4&#(6! 27! F6$#! 411@=@#%>! 17&! 0,!#+1'*!5$*'&F,!0,!;(#*(+%!

2#$C#664(6!41'$%!5}#(! 8}#%6! 7(#! B#CC#! 5@IM! !

C'$6#!47!C'(5#!5#%!!4!7(!C&1!#6!7(#!B&(D!!

! !

!LE11#!C'7$$4!%#71#>!&(8'=(&6'>!8'CC#!#11#!4!d,V,>!GGG!X#J7#(A!&&&!3#?!6$#C#(54#>!_'A4$6D! "'&8&!J7#1J7#%!%7==#%6&'(%!]!

! !

! )D! .0'&%&%%#A!7(!845$#!%&C21#!'x!%#!%&67#!1;486&'(!57!B&1CD!

! VD! Q@B&(&%%#A!1#!84$486:$#!5#!!C'(6$#A!1#7$%!04H&675#%D!

! ZD! E%%49#A!5#!2$@%#(6#$!!#(!C'&(%!5;7(#!C&(76#!S7(#!

24=#!5#!%8@(4$&'TD!

WD! [$'7!7(!&(8&5#(6!J7&!!7(!2&8!

5$4C46&J7#!J7&!(#!8'(8176!6'76#B'&%!24%!1;486&'(D!.;#%6!1#!81&C4?D!

,D! /7&%>!#(=4=#Ac!!J7&!C4$J7#!1#!5@('7#C#(6!5#!1;486&'(D!"'%!

2#$%'((4=#%!%'(6c&1%!24$!'7!('(>!M!$@%'75$#!1#7$!2$'H1:C#!^!

!

!

>3!!4+%),(.)!F$%$'&1W!

!

!" kH%#$!=4$5#Ac14!8'CC#!B&1!8'(5786#7$D!

!" _#66#A!5#%!'H%6481#%!%7$!14!$'76#!5#!!M!804J7#!%645#!5#!C'(!

%8@(4$&'!^!

!" _'(6$#A!47!1!5#!5&$#!]!2$&2:$1:$?@564$A61/B$1CD/6@E$$$$7$$$#)((($F@$>03G:$H2/$I06$$7$$J/@63:$ %&!!&'(()$ !!%$>2:$1:$?@564$A61/B$1CD/6@E$$$$7$$$#)((($F@$>03G:$H2/$I06$$7$$J/@63:$

$ +BK"J@L$M($')!$N%'$'ON$$$J/::PL$M$($#Q($RO'$RON$$SH!m#4(!%;4%%'&6!M!%'(!H7$#47!#6!6#(6#!5#!642#$!%7$!1#!814!C4&%!&1!(#!24$!%'(!$#=4$5!%;&117C&(#D!

[,!;(#*(+%! !

! .#!24$4=$420#!5@8$&6>!1#!217%!%&C21#C#(6!2'%%&H1#>!1#%!C'7!1#!8'5#!5#!2$@%#(646&'(!5#%!486&'(%!2$@6*%/#%@)56% 845$#!57!8'(8'7$%>!('7%!(#!=4$5#$'(%!J7#!14!2$&(8&241#!]!!

Y(!%8@(4$&'!%#!5@8'72#!8'CC#!1#%!%8:(#%!5;7(#!2&:8#!5#!60@€6$#!]!'(!422#11#!8#14!5#%!%@J7#(8#%D! !

k(!804(=#!5#!%@J7#(8#!J74(5!1;486&'(!57!B&1C!#%6!C'5&B&@#>!24$!#?#C21#>!24$!1;4$$&!#(6$#!1#%!%8:(#%!)!#6!V>!#%6!I7%6&B&@!24$!14!6$4(%&6&'(!5#%!5@8'$%!]!5#!1;&(6@$$!M! !

1;#?6@$$!5#!14!C4&%'(!5#!m#4(!q!5#!14!804CH$#!5#!m#4(!47!2#$$'(!5#!14!C4&%'(!5#!m#4(D!K;7(&6@!5#! a&(%&>!54(%!14!2$#C&:$#!%8:(#>!m#4(!#%6!%&=(41@!#(!C4I7%871#D!/7&%>!54(%!14!5#7?&:C#!%8:(#>!%'(!('C!

6#C2%!#%6!14!CFC#!]!1;486&'(!%#!%&67#!57$4(6!14!(7&6D! 4224$4p6!#(!C&(7%871#!]!

! !

nX.()(#5*2%#.*%$';#*.1*% mEaP>!5@2&6@>!6'7$(#!#(!$'(5!54(%!%4!804CH$#O!

Y(#!B'&%!J7#!!&(6&671#A!80487(#!5#%! !

%@J7#(8#%D! m#4(!%#!2$@8&2&6#!%7$!7(#!2&1#!5#!!#(64%%@%!54(%!7(#!2'7H#11#O!

K#%!5#7?!%8:(#%!5#!('6$#!#?#C21#!5#!%8@(4$&'!%;'7!2'7$!4@$#$!14!2$@%#(646&'(>!&1!B476!.&()),'!1%,!.(F%,!I.&%#S,!,%*',!.,)!9&'&F'&9S,)D!!

V! En[D!/E33kP!_aGXkP!mEaP!c!PYG[! !

! !

E(!!!14!(7C@$'646&'(! 466&$#$!1;466#(6&'(!57!1#86#7$D!!

2$'=$#%%#D! !

! Q4(%!('6$#!#?#C21#>!1#!H$7%J7#!$#!#(!&(6@$$!S'(!&(5&J7#!41'$%!GP[T!'7!#(!#?6@$$!5;7(! !

1!B#$C@!SEn[T!^! X'754&(>!%'(!$#=4$5!%;&117C&(#D!

! !

)!GP[D! 23!D&!*'&%)(*(+%!,%*',!0,1W!)$B1,%#,)!

V!En[D! !

! h74(5!'(!24$!1;476#7$!5'&6!%#!5#C4(5#$!5#!J7#11#!C4(&:$#!&1!#(804p(#$4!

D,!%+5!01!0$#+'>!@8$&6!1#!217%!8'7$6!2'%%&H1#D!Y(#!B'&%!8#!5@8'$!5@('CC@>!&1!(#!B476!24%!#(!804(=#$! 4*!

/E33kP!_aGXkP!mEaP! Q4(%!('6$#!#?#C21#>!('7%!76&1&%'(%!14!6$4(%&6&'(!14!217%!%&C21#:!0(*,!0,!j!#+19,!;'&%#S,!k>!J7&!%&=(41#!

! 7(#!8'72#!5#!C'(64=#!#(6$#!1#%!5#7?!%8:(#%D!K;&(5&846&'(!76&1&%@#!#%6!!L!.Y[!%7$!]!N!]!

D,)!,;;,*)!0,!.15(]',D!K#%!5#7?!2$&(8&247?!%'(6!]!m'7$!#6!P7&6D!_4&%!8#$64&(#%!%8:(#%!5#C4(5#(6!5#%! !

&(5&846&'(%!24$6&871&:$#%!]!X'&$>!K#!a2$:%cC&5&O! m#4(!%'$6!5#!%4!804CH$#!#(!8'7$4(6D!

! ! ! ! ! ! ! ! ! ! ! .Y[!%7$!]!

! !

! _4&%>!&1!#?&%6#!7(#!C716&675#!5#!*'&%)(*(+%)!2'%%&H1#%!J7&!2#$C#66#(6!5#!$960C#$!1#!C'(64=#!57!B&1C>!5#!

>3![$;(%(*(+%!,*!0,)#'(9*(+%!0,!.@&#*(+%! 2'(867#$!1#!$@8&6!'7!5#!24$6&8&2#$!2$@8&%@C#(6!M!14!(4$$46&'(!57!B&1CD!

! !

a2$:%!4!&1!B476!C4&(6#(4(6!$#'(',!.@&#*(+%!57! !

%8@(4$&'D!G1!%;4=&6!5;7(#!%@$&#!5;&(B'$C46&'(%>!8'7$6#%!#6!%&C21#%>!J7&!5@8$&!5#!C4(&:$#!5&$#86#>!!4!7(#!5#%!486&'(%!5#!m#4(!#%6!]!! )1'l!k!]!

! !

m#4(!$#%6#!&CC'H&1#>!8'CC#!2$&%!5;7(!2:$1:$?@564$A61/B$1CD/6@E$$$$7$$$#)((($F@$>03G:$H2/$I06$$7$$J/@63:$ %&!!&'(()$ !!%$>2:$1:$?@564$A61/B$1CD/6@E$$$$7$$$#)((($F@$>03G:$H2/$I06$$7$$J/@63:$

$ +BK"J@L$M($')!$N%'$'ON$$$J/::PL$M$($#Q($RO'$RON$$SH!2176f6!J7#!!2$:%!5;7(#!2'7H#11#!'7!7(!J7'6&5&#(O! n%M*%1"2-$%/*$%/)05"C#*$%

! !

G8&>!14!6$4(%&6&'(!#(6$#!1#%!5#7?!%8:(#%!#%6!5&86@#!24$!7(!476$#!2'&(6!5#!!&1!76&1&%#!7(!2$'8@5@!5#!;+%01!%7$!1#!2#$%'((4=#D! c!K;#?6#(%&'(!]!K4!2#$%'((#!J7&!24$1#!#%6c#11#!M!1;&C4=#!^!

! c!K;&(5&846&'(!]!/$@8&%&'(!%7$!1#!6'(!'7!7(!=#%6#!J7&!488'C24=(#!1#!5&41'=7#D!

"'&8&!J7#1J7#%!476$#%!#?#C21#%!5#!6$4(%&6&'(%!!]! c!K#!5&41'=7#!]!K#%!C'6%!J7&!%'(6!2$'('(8@%!24$!1#!2#$%'((4=#D!

! D,!9,')+%%&F,!

\+%01!)1'!]!5#7?!&C4=#%!%#!I7?642'%#(6D! !

\+%01!&1!%+('!]!1#(6#C#(6>!1;&C4=#!5#!1;&C4=#!%#!H14(80&6D! 2#$%'((4=#!J7&!24$1#!5'&6!F6$#!%&=(41@!54(%!1#!%8@(4$&'D!

-&##+'0!5+1L,5,%*!]!24$!#?#C21#>!7(!2#$%'((4=#!%476#!54(%!7(#!%8:(#!#6!%#!$@8#26&'((#!54(%!7(! !

476$#!5@8'$!q!1#!24%%4=#!5;7(!5@8'$!M!1;476$#!%#!B4&6!54(%!1#!CFC#!C'7!#(!_4I7%871#>!#%6!2148@!2$:%!57!8#(6$#!5#!14!24=#!]!

2#$%'((4=#D! !

! ! ! ! ! mEaP!SM!17&cCFC#T!

73!!D,!0(&.+F1,! _4&%!'7&>!J7#1!&5&'6!|!m;4&!6$'7!1#! !

6#$C#!5#!L!5&41'=7#!N!&(8176!1#!C'('1'=7#>!14!!1#!8'CC#(64&$#>!14!!")K%8*#5*,!#68D! nM!@!8'CC#! a2$:%!4!&1!%;4=&6!5#!2$@8&%#$!%4!2'%&6&'(!24$!$422'$6!M!14!84C@$4D!

5#%!41&(@4%!#(!5@H76!5#!24$4=$420#>!1#%!C'6%!J7&>!%4(%!I7%6&B&846&'(>!%'(6!%'71&=(@%!'7!#(!842&641#%D! Q#7?!2'%%&H&1&6@%!]!%'&6!1#!2#$%'((4=#!#%6!54(%!1#!845$#>!%'&6!&1!(;9!#%6!24%!|!

! Q4(%!('6$#!#?#C21#!]!

K#!5&41'=7#!4224$4p6!%'7%!1#!('C!57!2#$%'((4=#!J7&!24$1#>!4!%&! ! ! ! ! Ka!_E3E!QE!mEaP!SƒD.DT!

2'%%&H1#>!7(!$#6$4&6!(@=46&B!M!5$'&6#!]!! ! ! ! O!

! G8&>!14!C:$#!5#!m#4(!(;#%6!24%!M!1;&C4=#>!C4&%!#11#!%;#?2$&C#!5#!1'&(D!k(!(#!14!!2'7$64(6!1#!

Ka!_E3E!QE!mEaP!SƒD.DT! 2#$%'((4=#>!24$!%4!!&(B17#!%7$!1;486&'(!5#!14!%8:(#D!

! ! ! ! S6'(!4BB#867#7?T! !

! ! ! P;'7H1&#!24%!J7#!14!(7&6!2'$6#!! K;#?6#(%&'(!L!"'&?!%#71#!N!S"DXDT!]!

8'(%#&1!|!['(!%8@(4$&'>!67!1#!6$'7!8;#%6!J74(5!1#!2#$%'((4=#!(#!24$1#!24%!209%&J7#C#(6!54(%!14!%8:(#>!

5#C4&(!C46&(D!! 8'CC#!2'7$!1#!84%!5;7(#!!&C4=&('(%!J7#!m#4(!(#!24$1#!24%!5&$#86#C#(6>!J7;&1!C4$80#!

K4%>!m#4(!%;4%%'&6!M!%'(!H7$#47!#6!6#(6#!5#!642#$!%7$!1#!814!C4&%!&1!(#!24$!%'(!$#=4$5!%;&117C&(#D! !

! )! GP[D!.ƒa_U3E!QE!mEaP!c!PYG[!

! ! ! ! mEaP!SM!17&cCFC#T! !

! ! ! _4&%!'7&>!J7#1!&5&'6!|O!m;4&!6$'7!5@2&6@>!6'7$(#!#(!$'(5!54(%!%4!804CH$#D!X7$!1;@8$4(!5#!%'(!'$5&(46#7$>!7(#!24=#!H14(80#D!

14!%'176&'(D!! !

! ! ! ! ! mEaP!S"DXT!

a&(%&>!1#%!5&41'=7#%!B'$C#(6!7(#!8'1'((#!8#(6$41#>!B48&1#C#(6!&5#(6&B&4H1#D! .#66#!(7&6>!I;4&!5@8&5@!5#!6'76!5'((#$!2'7$!6$'7!8#66#!B'&%>!#(!2$&!1#%!@804(=#%!5#!24$'1#%!%'(6! K;&(5&846&'(!#%6!7(#!2$@8&%&'(!5'((@#!24$!1#!%8@(4$&%6#!8'(8#$(4(6!14!5&%(]',!0,!0(',!,*!0,!H+1,'!.,!

=@(@$41#C#(6!217%!8'7$6%>!#6!217%!5&$#86%>!J7#!54(%!14!!#(6$#!24$#(60:%#%!#6!#(!

4764(6!2'7$!1#%!B&1C%!5#!_47$&8#!/&4146!J7#!5#!X6#!14!C:$#!5#!m#4(!%;#?2$&C#!4!@(#$!8'CC#!%&!14!C:$#!5#!m#4(!@64&6!#?8@5@#!24$!1#%!(7&6%!H14(80#%!

c! E6$#!814&$!#6!8'C2$@0#(%&H1#D! 24%%@#%!24$!%'(!B&1%D!

N)"##$ *+,-$./01234506$7$$56809:453;/01234506&302:$1:$?@564$A61/B$1CD/6@E$$$$7$$$#)((($F@$>03G:$H2/$I06$$7$$J/@63:$ %&!!&'(()$ !!%$>2:$1:$?@564$A61/B$1CD/6@E$$$$7$$$#)((($F@$>03G:$H2/$I06$$7$$J/@63:$

$ +BK"J@L$M($')!$N%'$'ON$$$J/::PL$M$($#Q($RO'$RON$$SH!5:%!

Ka!_E3E!QE!mEaP!SƒD.DT! 1}'$&=&(#>! 1#! 8&(@C4! 5'87C#(64&$#! •C#(6•>! 24$! 'C&%%&'(>! 24$! ! 24$! I#7! (4$$46&B! #6!

! ! ! ! S6'(!4BB#867#7?T! 5$4C46&J7#D!K4!21724$6!5#%!=@(@$&J7#%!%7BB&%#(6!5}4&11#7$%!M!%}#(!$#(5$#!8'C26#>!24$!14!%&C21#!C#(6&'(!

P;'7H1&#!24%!J7#!14!(7&6!2'$6#!8'(%#&1!|!O! •@8$&6!24$DDD•>!5}'$5&(4&$#!$466480@#!M!14!B&86&'(D!K}&5@#!%#1'(!14J7#11#!7(!5'87C#(64&$#!%#!6'7$(#!%7$!1#!! C4&%! 47%%&! 54(%! 7(#!

k7>!54(%!7(#!'26&J7#!217%!6#(57#!]! '26&J7#! 5#! 2$@24$46&'(! 5#! 8#! 2$'I#6! 4$6&%6&J7#! 8'C21#?#! J7}#%6! 14! $@41&%46&'(! 5}7(! 5'87C#(64&$#>! 14!

! $@5486&'(!5}7(!%8@(4$&'!2$@414H1#!c!%4(%!6'76#B'&%!8'(%6&67#$!7(#!'H1&=46&'(!c!#%6!80'%#!8'7$4(6#D!!

Ka!_E3E!QE!mEaP!SƒD.DT! !

! ! ! ! S6'(!B#$C#>!@(#$!m}E.3GX![kP!Pk_!

! !

K;&(5&846&'(!2#76!47%%&!%#$! 1#! %8@(4$&'! 5'87C#(64&$#! (}4! 24%! 5#!

8'7$6#D!Q4(%!8#66#!('7!14!C:$#!5#!m#4(>!54(%!1#!845$#!5#!14!84C@$4>!%#!2#(80#!%7$! B'$C46!B&?#D!.#$64&(%!5'87C#(64&$#%!%'(6!814&$#C#(6!%6$7867$@%!8'CC#!5#%!1'(=%!C@6$4=#%!5#!B&86&'(!c!

1;@8$4(!5#!1;'$5&(46#7$!!]! 6$'&%!486#%>!2$'64='(&%6#S%T!#(!J7F6#!5}7(!'7!217%$%!'HI#86&B%!2$@8&%>!'H%6481#%>!%7%2#(%#>!81&C4?!#6!

! $@%'176&'(! c! #6! #(! B'(6! CFC#! 1#7$! 2$'I#6! #%60@6&J7#! S! V++)>! '7! 14! C&(&c%@$&#!

Ka!_E3E!QE!mEaP!! X'72o'(%>!V++W>!6'7%!5#7?!5#!m#4(cn4!

! ! ! ! S!5#!1&H#$6@!488'$5@#!M!1}488&5#(6!57!$@#1>!M!1}&C2$'!

P;'7H1&#!24%!J7#!14!(7&6!2'$6#!8'(%#&1!|!O! 1}@8$&67$#! 5'87C#(64&$#! (#! %#! 5&%6&(=7#! 24%! 5&$#86#C#(6! 5#! 1}@8$&67$#! 5#! B&86&'(! S%}@6#(54(6! 57!

! 5@8'724=#!2'&(6&11&%6#!#6!%6'$9H'4$5@!5}7(!R&(80#$!M!14!1&H#$6@!(4$$46&!$#2'$6#Ac1#%!54(%!1#!24$4=$420#!8'(%48$@!M!1;486&'(D! !

Q4(%!6'7%!1#%!84%>!'(!(#!5'((#$4!1;&(5&846&'(!J7;M!H'(!#%8&#(6>!J74(5!#11#!#%6!! 1'$%! 5#%! E646%! l@(@$47?! 57! Q'87C#(64&$#! M! K7%%4%>! 57! )\! 47! VZ! 4'u6! V++Z>!

! &(6#$! $@41&%46$&8#! 5}aC'7$%! A'71'7%!

G1! #?&%6#! 5#%! 1'=&8
%! 2'7$! @8$&$#! %2@8&B&J7#C#(6! 5#%! %8@(4$&'%D! G1! 9! 4! 24$! #?#C21#! R&(41! Q$4B6! SV++VT>!1#!6$4!4! 76&1&%@#! 24$! m#4(! m48J7#%! U#(#&?! 2'7$! p%5!27&%!5#!%}4664J7#$!47!

Q4(%!6'7%!1#%!84%>!&1!%#$4!2$@B@$4H1#!5#!8$@#$!5#%!%691#%!24$6&871&#$%!4B&(!5#!8'11#$!47?!#?&=#(8#%!5#! 6'7$(4=#>!%4(%!2'7$!4764(6!4!J74(6!

!$@41&%46$&8#!5#!ƒ&%6'&$#!5}7(!%#8$#6!SV++ZT>!5'87C#(64&$#!•'12)(%1"66*%#.%$1'.02)"%/*%@)1()".•>!

! 4! 6'76! #(! 14&%%4(6! 1'$%! 57! 6'7$(4=#! 1#! 804C2! '7! _'7%%4! ['7$@>! $@41&%46#7$! 5#! /'7%%&:$#! 5#! ! $#!24%%4(6!4!57!C'(64=#!#6!1#!04%4$5!5#%!

$#(8'(6$#%D! [$'&%! 8'(8#26&'(%! 4! 2$&'$&! 5&BB@$#(6#%>! C4&%! %#$!'x!1#!$@#1!(#!%}#?2$&C#!J7#!8&$8'(%8$&6!54(%!5#%!1#%!1&=(#%!217%!'7!

C'&(%! $#%%#$$@#%! 5#! 2$'I#6%! (4$$46&B%! #6! #%60@6&J7#%D! a7%%&! 1}@14H'$46&'(! 5}7(! B&1C! 5'87C#(64&$#! (#!

%#CH1#c6c#11#!#(!5@B&(&6&! 2'7$$4c6c'(! 'HI#86#$>! 1#%! @642#%! 5}@8$&67$#! (#! %#! 5@$'71#(6! %4(%! 5'76#! 24%! 54(%! 1#! CFC#!

'$5$#>! (&! (}'(6! 14! CFC#! &C2'$64(8#! J7}#(! B&86&'(>! 1#! C'(64=#>! #(! 5'87C#(64&$#>! B4&%4(6! 'BB&8#! 5#!

$@@8$&67$#! c! (}#C2F80#D! Y(! B&1C! 8'CC#! U4%%#cP'$C4(5&#! SV++ZT! !1}&(6@=$&6@!57!B&1C!(}#(!

#%6!24%!2'7$!4764(6!C#(48@#T>!1#!B&1C!5#!/46$&8&4!_4A79!#6!X&C'(!3#==&4(&!#%6!7(!'HI#6!09H$&5#>!J7&!

(#!%}#CH4$$4%%#!24%!5#!J7#%6&'(%!J74(6!M!%'(!4224$6#(4(8#!M!1}7(!5#%!5#7?!=#($#%D!K4!! 2'7$! #CH$4%%#$!

8'(I'&(6#C#(6!1#%!$&80#%%#%!#6!1&C&6#%!(4$$46&!%4(%!

%#!%'78&#$!57!5#=$@!5#!$@41&6@>!27&%J7}&1!9!#%6!#(6#(57!J7#!1M!(}#%6!24%!14!J7#%6&'(D!k(!2#76!411#$!217%!

1'&(!#(8'$#>!#6!4BB&$C#$!J7#>!5:%!1}'$&=&(#>!24$8#!J7}&1!#%6!8&(@C4>!1#!8&(@C4!(}#%6!24%!$@41&6@>!'7!2'7$!1#!

NQ"##$ *+,-$./01234506$7$$56809:453;/01234506&302:$1:$?@564$A61/B$1CD/6@E$$$$7$$$#)((($F@$>03G:$H2/$I06$$7$$J/@63:$ %&!!&'(()$ !!%$>2:$1:$?@564$A61/B$1CD/6@E$$$$7$$$#)((($F@$>03G:$H2/$I06$$7$$J/@63:$

$ +BK"J@L$M($')!$N%'$'ON$$$J/::PL$M$($#Q($RO'$RON$$SH!54(%!%'(!6#?6#!C4I#7$!•K#! ('(c2$'B#%%&'((#1%>! #68DT! c! 41'$%! CFC#! J7#! 1#7$%! 5'87C#(64&$#%>! 6$:%! B$4=C#(6@%>! C&%! #(! %8:(#>!

C'(5#! B17&5#! 5#! 1}@8$4(•>! 24$7! #(! I7&(! )b-+! 54(%! K#%! [#C2%! _'5#$(#%! (…-,>! 24$1#! 57! •@5"#% (4$$46&B%>!6#(5$4&#(6!M!6$'7! 5#! %'(! •-020/"K05% 2'05)$6*•D! X#1'(! 17&>! 1#! 8&(@C4! %#!('7$$&6!5#!8#%!#BB#6%!5#!$@#1D!K#%!B&1C%!5#!/471!l$##(=$4%%>!24$!#?#C21#>!#?21'&6#(6!!84C@$4!M!1}@2471#>!5&$#86#C#(6!$466480@#!M!8#11#!57!$#2'$64=#!5#!=7#$$#>!#6!8#!4764(6!

5W"B9*1()@% H% *.% $0#(0.(,% *.% C5)$$0.(,% *.% 4"50.(% H% 0--2"1>*,% '5")C.*,% C20./)(,% 20-*()$$*,% '(05*,% ).15).*,% #(! ! 5'(8! 5&6%! •!

0B0)$$*,%'5G4*,%'502C)(,%'()2*,%)55#6).*,%"B$1#21)(,%2*@"26*%*(%2*(20.$@"26*%1>0;#*%@")$%;#*%1*(%"B9*(%$*% J7#!24$!%&C21#!80'&?!%691&%6&J7#!SK4!_'$6!54(%!14!2#47!#(!V++WTD!K4!5@C4$80#!8&(@C46'=$420&J7#!5#!

-2'$*.(*%/0.$%5*%1>06-%*(%9#$;#*%/0.$%5*%1"#2$%/*$%-50.$V!zDDD{!\.%*.%4)*.(%/'9?%$"#4*.(%?%/"#(*2%;#W)5% 3'H#$6! U$#%%'(! $#1:! 1#! 8&(@C46'=$420#>!

$W0C)$$*% /W#.*% $*#5*% *(% 676*% (0B5*,% ?% /"#(*2% /*% 50% 2*1"..0a(2*,% ?% .*% -0$% $04")2% 50% /'@).)2,% ?% $*% B'$C#! 27$#! 57! 8&(@C4>! J7&! %#$4&6! #(8'$#! M! &(! %#$4&6! 1}4$C#! 5#! 1766#! 8'(6$#! 1#! 60@€6$#>! #((#C&!

/*60./*2% $)% ".% .W0% -0$% 4#% /*#K% "#% (2")$% (0B5*$% /)@@'2*.(*$V•T>! E2%6#&(! 5@8$&6! 14! $@41&6@! 5@2#&(6#! M! 5'(6! 1}4=#(6! %#$4&6! 1}486#7$D! /'7$! U$#%%'(>! 1#! 8'C@5&#(! #%6! 7(! •6"/G5*•D! KM! 'x! 1}486#7$! &(6#$2$:6#! 7(!

1}@8$4(!8'CC#!7(#!$@41&6@!217%!!217%!8'C21#?#>!J7#!14!$@41&6@!! %7&! 1#! C'5:1#! #%6! &(#?2@$&C#(6@>! ! ('(c

! 2$'B#%%&'((#1D! G1! #%6! 80'&%&! 2'7$! %'(! ! %4! 5@C4$80#>! #6! %#! 8'(6#(6#! 5}F6$#! 2$@%#(6D! K}'HI#86&B!

! 4!1#!C'5:1#!#%6D!!

kmE.[GR*‰GK*XYUmE.[GR! !

! !

!•8)% 6"B)5*% *(% 6"B)5)$(*% ;#*% $")(% /*4*.#% 5*% 6"./*% 4'1#% *(% 4)40.(,% 5W*K-2*$$)".% 1).'60("C20->);#*% KE!.E3E_kPGaK!.GPE_a!

$#2*.1>'2)(% -02% $".% #.)4*2$% /".(% )5% @0#(% @2*).*2% 5*$% @#C01)('$,% 5)6)(*2% 5*$% 6'(06"2->"$*$,% @)5(2*2% 50% !

4)2#5*.1*,% -"#2% .*% -0$% >*#2(*2% 5*$% >0B)(#/*$,% $*5".% 5*$;#*55*$% #.*% C20./*% -02()*% /#% -#B5)1% 4*#(% !.'CC#! 1}&C4=#! 5'87C#(64&$#>!1#!C'5:1#!#%6!5'(8!•2$&%!54(%!14!!47!2'&(6!CFC#!5#!(#!2'7!1#%!'HI#6%!57!C'(5#!$@#1>!6$4(%2'%@%!54(%!1#! F6$#! $@#C21'9@! 54(%! 7(! 2$'804&(! B&1CD! U$#%%'(! H4((&6! 6'76#! 2$@24$46&'(>! 6'76#! @675#! 57! $f1#>! 6'76#!

C'(5#!2$'I#6@>!5#! #6! 6#(5! M! &(0&H#$! 1}&(6#11&=#(8#! 57! C'5:1#D! K4! $@41&6@! #%%#(6#>! 54(%! 8#66#!

$*.$)B5*% *.% @".1()".% /#% $-*1(0(*#2•D! K#%! 5&BB@$#(6#%! 2'%%&H&1&6@%! 6#80(&J7#%! 'BB#$6#%! 24$! 1#! 8&(@C4! 488#26&'(>!%}'H6&#(5$4&6!24$!476'C46&%C#>!24$!C@84(&%C#D!_4&%!U$#%%'(>!2#$%745@!J7#!•5*%2'*5%B2#(%.*%

S488@1@$46&'(>!5@8'(%6$786&'(!6#C2'$#11#>!C'5&B&846&'(!5#%!%'(%>!#68DT!5}7(#!24$6>!C4&%!%7$6'76!1#!%&C21#! /"..*20%-0$%?%5#)%$*#5%/#%420)•!S&(!P'6#%!%7$!1#!.&(@C46'=$420#>!l411&C4$5>!.'11#86&'(!H14(80#>!)b\-T>!

B4&6!57!B&1C4=#>!%'(6!2$'2$#%!M!C'5&B&#$!14!2#$8#26&'(!5#!14!$@41&6@!B&1C@#D!•M"C);#*6*.(,%5W*$-01*H(*6-$% (}4!I4C4&%!5}476$#!2$@6#(6&'(!J7#!5}4=&$!%7$!8#!J7#!14!84C@$4!B&1C#!2'7$!24$);#*% 0--020a(% /W0B"2/% 1"66*% #.% 1>06-% ?% )/*.()('% (2G$% 4)2(#*55*,% (2G$% 1".9*1(#205*,% "_% 1}#?&%6#(8#! CFC#! 5#! 14! 84C@$4>! 8#! B4(64%C#! 57! •8&(@C4! 4H%'17•>! 8}#%6! '7H1&#$! J7#! 1#! 8&(@C4>! 4$6!

5W)/*.()@)10()".% $*% @0)(% 1022'6*.(% $#2% /*$% 0.05"C)*$,% -02% #.*% $#)(*% /W>&-"(>G$*$% /W0((*.(*,% ;#)% $".(% &C27$>!#%6!4!M!C'&(%!5#!%}4G4*6*.(,% 1}@8$4(! ('&$>! 57! U14(80#cP#&=#! 5#! _'(6#&$'! SV+++T! '7! 5#! K}a(6&8'(8#26!

1"6-"2(0.(%#.%/*C2'%/W).1*2()(#/*%$#-'2)*#2%?% 1*5#)%/*$%1".$(0(0()".$%/0.$%5*%6"./*%2'*5V!zDDD{!I0.$% S0662]**eeeD('6H'$#5D'$=*4(6&8'(8#26D06C1T! 5#! ‚'1C4(! S)b-)T>! 8#6! '7H1&! (}#%6! 24%! #(2".)$',%/0.$%5W?H-*#H-2G$%/*%$0%5"C);#*,%)5% #(8'$#!J7}&1!(#!%7BB&%#!24%!5}@1&C&(#$!1}&C4=#!2'7$!@1&C&(#$!1#!•8@$@C'(&41•!57!5&%2'%&6&B!8&(@C4D!_FC#!

$*6B5*20)(%;#*%5*%@)56%/r(%-2"/#)2*%/*$%)6)(0()".$%/*%50%2'05)(',%*55*$%0#$$)%/)$-020(*$%*(%40C#*$,%/".1% 1#! B&1C! %8&#(6&B&J7#>! B4&6! 2'7$! @2$'7! $@41&%@! =@(@$41#C#(6! 0'$%! 57! %9%6:C#!

@0)B5*6*.(%1".40).10.(*$•D!/'7$64(6>!8'(8176!E2%6#&(]!•=W*$(%-021*%;#*%1*((*%$#21>02C*%@"./*%?%5W'120.% &(57%6$
!#6!5#%!8&$87&6%!8'CC#$8&47?>!J7&!(#!!(&!(@8#%%4&$#C#(6!M!14!$#(64H&1&6@>!

#.%6"./*%5#K#2)0.(%/*%/)@@'2*.1*$%;#*%5*%@)56%/"..*%#.*%-5#$%@"2(*%)6-2*$$)".%/*%2'05)(',%?%-2"-"2()".% C4I'$&64&$#C#(6!('(c(4$$46&B!#6!6$4!M!5@8'(%6$7&$#>!!(#!

/*% $".% 2*@#$% /W0/6*((2*% 5*$% (&-)@)10()".$% 20()"..*55*$% *.% $1>'60$% /*% -02@0)(*% 2*$$*6B50.1*V! zDDD{! M*% 2$'2'%#!J7}7(#!'HI#86&! @675#%! $41#(6&#%! 5#! C'7!C4&%!1}&C2$#%%&'(!57!$@#1>!24$! _4$#9T>! J7&! 2#76! 6'76! 4764(6! %#! 5$42#$! 5#%! 46'7$%! 5#! 14! B&86&'(>! 4&(%&! J7#! ('7%! 1#! 5@C'(6$#(6! 1#%!

8'(!24$!488#2646&'(!57!5&%2'%&6&BD!•M*%1).'60,%1W*$(%5*%1".$(0(%/W#.*%)55#$)".•>!$@%7C#$4!k$%'(! •54(%#%•!5#%!48@$4%!57!U41!5#%!%'$8&:$#%!5#!m#4(!/4&(1#!M!I7%6#!6&6$#>!

‚#11#%!S8&6@!54(%!K}E2$#7!R$4(o'&%!P&(#9>!Q#!U'#8j>!V+++TD!Q}'x!14!84578&6@!5#!14! [0'C4%! X80C&66! 54(%! 1#! (…W-! 57! C4=4A&(#! 3#2@$4=#%>! 24$7! 47! 2$&(6#C2%! V++W>! 54(%! 7(! 4$6&81#!

80&C@$&J7#!84C@$4cv&1]!•X5%.W&%0%-0$%/*%4)$)".%$0.$%-*.$'*V%L0)$%)5%.*%$#@@)(%-0$%/*%-*.$*2%-"#2%4")2o%50% 8'(%48$@!47!!m@$fC#!U14(J7#6!#6!K47$#(6!U'7$5'&%#47>!4CH&6&'((4(6!•5W#.)@)10()".%/*%50%

W*K1)('*W% ?% -*.$*2% -02% 5#)•! ('7%! 5&6! _47$&8#! _#$1#47c/'(69! 54(%! K}v&1! #6! 1}#%2$&6! Sl411&C4$5>! )b,WTD! ->&$);#*% /*% 5W).@).)6*.(% -*()(% 04*1% 1*55*% /*% 5W).@).)6*.(% C20./•>! 'BB$4(6! 5#! $#6$4(%8$&$#! ! 5#! B&1C#$! 1#%! =#(%! •8'CC#! &1%! %'(6•>! 5}&C24$6&41&6@! B&1C&J7#>! 5#! •5W>&-"(>G$*% 4#5C02)$'*% -2"-"$0.(% ;#*% ("#(*$% 5*$% -02()1#5*$% /*% 50% 60()G2*! zDDD{! $*20)*.(% 5W'60.0()".%

$#2$'5786&'(!5#!14!!(#!2#76!J7#!$#%6#$!60@'$&#D!! /W#.*%$*#5*%*(%676*%$#-*21"2/*•>!%'$6#!5#!•(>'"2)*%/#%]20./%h"#(,%;#*5;#*%1>"$*%;#)%1".1)5)*20)(%50%

! 2*50()4)('%*(%50%6'10.);#*%;#0.();#*•>!5'(8!5#!5'((#$!M!!

! (#!2#76!%#!5@24$6&$!5}7(!2'&(6!5#!).*%L"55*!z('C!57!2$'8@5@!#C21'9@{!$*20)(%#.%

a!Ka!3E.ƒE3.ƒE!QE!K}ERRE[!QE!3EEK! 0.05&$*#2% 4)$#*5% ?% B20.1>*2% $#2! zDDD{! #.% $&.(>'b()$*#2c% 6#$)105•>! #?21&J7#! X80C&66D! h7&! 5&6! 4(419%#! 5&6!

! 8'(%6$786&'(>!5'(8!2'&(6!5#!!5'(8!•B&86&'((41&%46&'(•!5#!14!C46&:$#!4(419%@#D!!

!a&(%&>!B4&$#!5&%24$4p6$#!6'76!&(5&8#!5#!14!2$@%#(8#!5#!8#17&!J7&!$#=4$5#>!$#1:!5#! !

1}#BB'$6!c!#6!14!(#76$41&6@!$#80#$80@#!5#!%}4((71#$!24$!#11#cCFC#D!a7%%&!14!2'%67$#!•C48cC40'(&#((#•!5#! !

_&80#1! _'7$1#6>! 5@! 47?! @5&6&'(%! K4! [4H1#! 3'(5#>! #(! 8#%! hYaPQ!kP!aG_E!KE!.GPE_a!kP!"G[!

6#$C#%]!•h"#(*%/'@"260()".%/*%50%2'05)('%?%/*$%@).$%/W*K-2*$$)".,%1"./)()".%/*$%02($%(20/)()"..*5$,%-02%5*% !

@0)(% ;#W*55*% 022)4*% 0#% $-*1(0(*#2% /*% 1).'60% ?% (204*2$% 5W"B9*1()4)('% /*% 50% 106'20,% $*% 2'4G5*% 1"66*% !h74(5!'(!4&C#!14!!!C4&%!@80'7#!M!2$'2'%#$!J7#1J7#!416#$(46&!H4%#!57!5'87C#(64&$#>!4!6'76!4764(6!5#!! 2#(54(6! #6! 42$:%! 1#! 6'7$(4=#>! 1#! B&1C! 5#! "#$6'!5#!I'7#$!4!8'CC#!4!27!1#! 5@8'(%6$7&$#! 1#! 2$'8#%%7%! 8&(@C46'=$420&J7#! 5#! B4o'(! 5'87C#(6@#D! K}'HI#86&B! #%6! 1&C2&5#]! 84%%#$!

B4&$#! /#6#$! m48j%'(! #(! )bb,! 4! H&'=$420&#! C'(6@#! 5#! 1}&C2$#%%&'(! 5#! $@41&6@! #6>! M! 24$6&$! 5#! 8#66#! 8'((&! 5&$#! 1#! •!24$!#?#C21#>!'(6!1#!%'78&!5#!$#8'7$&$!M!8#!J7#! 24%! C'(6$@>! 57! B&1C4=#! M! 14! $#2$@%#(646&'(>! 5#! %&=(&B&#$! 47! %2#8646#7$! 1M! 'x! &1! %#! 6$'7! 5#! 17&! B4&$#!

1}'(! 4! #7! 6f6! B4&6! 5#! ('CC#$! 7(#! •#%60@6&J7#! 5'87C#(64&$#•! S84C@$4! M! 1}@2471#! •%7&! 486#7$%! 2$#(5$#!8'(%8&#(8#!5#!17&!#(!64(6!J7#!%2#8646#7$!4%%&%!B48#!M!1}@8$4(>!2:$1:$?@564$A61/B$1CD/6@E$$$$7$$$#)((($F@$>03G:$H2/$I06$$7$$J/@63:$ %&!!&'(()$ !!%$>2:$1:$?@564$A61/B$1CD/6@E$$$$7$$$#)((($F@$>03G:$H2/$I06$$7$$J/@63:$

$ +BK"J@L$M($')!$N%'$'ON$$$J/::PL$M$($#Q($RO'$RON$$SH! )b`)T! J7&>! B&5:1#! 47! 2$'=$4CC#! E+1'%&F,!

4(('(8@!24$!%'(!6&6$#>!6&#(6!M!(#!I4C4&%!14&%%#$!572#!1#!%2#8646#7$!57!B4&6!J7#!8#!J7&!17&!#%6!2$'2'%@!#%6! Y(#!X9(60:%#!

1#!$@%71646!5}7(#!8'(%6$786&'(D!.#66#!!4!8}#%6!1#!2$'I#6!57!8&(@C4!1#66$&%6#>!5#!Q#H'$5>!5#!Q7$4%!'7!#(8'$#!5#!X6$47H!S!45426@!5#!.'$(#&11#>!54(%!1#J7#1!6'76>!488#(6%!5#%!486#7$%>!5@H&6>!$960C#>!%'(>!&C4=#>! !

#%6!B4&6!2'7$!8'C21&J7#$!14!6€80#!47!%2#8646#7$>!J7&!5:%!1'$%!#%6!%#71!2'7$!488'C21&$!1#!•6$4!#(!14!

$#(54(6!'%6#(%&H1#q!#(!5}476$#%!6#$C#%>!14!5@('(8&46&'(!57!C#(%'(=#!%#!B4&6!24$!%#%!2$'2$#%!4$C#%>! !

5'(8! 24$! %'(! 488#2646&'(D! K}&C4=#>! 24$! (467$#>! (}#%6! I4C4&%! (#76$#D! K#! B4C#7?! 2$&(8&2#! 5#! 1}#BB#6! K#!5@B476!'C(&c2$@%#(6!5#%!B&1C%!5;4C46#7$%!#6!5#!8#$64&(%!B&1C%!2$'B#%%&'((#1%!#%6!14!B4&H1#!

d'71#80'!!%7&!64(6f6!5}7(!476$#!S1#!2$&(8&2#!57!C'(64=#>! J741&6@! %'('$#! S8BD! &(=#($57%'(D8'C! #6! 2#$80C4(D8'CTD! Y(#! 466#(6&'(! 2$&'$&64&$#! #%6! M!

5'(8>!=$4CC4&$#!H4%&J7#!57!8&(@C4T>!(#!$#!#(!#%6!1}&C21484H1#!2$#7!!'(!47$4!80#$80@!7(#!8#$64&(#!#?047%6&!#6!2$@8&%&'(D!

!

!

X'CC4&$#]!

)D! 3#2@$4=#!

VD! X'(!

4D! /$&%#!5#!%'(!

HD! _46@$
!%'('$#!5#!!a(=1#!5#!!_'72:$1:$?@564$A61/B$1CD/6@E$$$$7$$$#)((($F@$>03G:$H2/$I06$$7$$J/@63:$ %&!!&'(()$ !!%$>2:$1:$?@564$A61/B$1CD/6@E$$$$7$$$#)((($F@$>03G:$H2/$I06$$7$$J/@63:$

$ +BK"J@L$M($')!$N%'$'ON$$$J/::PL$M$($#Q($RO'$RON$$SH*%3%

K#%!$#2@$4=#%!%'(6!7(#!2$&%#!5&$#86#!4!C4&%!&1!1#7$!C4(J7#!14!2'$6@#!#6!14!%'721#%%#!5}7(!C&8$'!%7$!2#$80#D!/148#$!1#!

!" 3@41&6@!5#%!17C&:$#%DDD! C&8$'20'(#!M!8'6@!5#!1}'HI#86&B!2#76!%#CH1#$!2$46&J7#!C4&%!&1!(}4&5#$4!8#$64&(#C#(6!#(!$&#(!M!

! 'H6#(&$!7(!%'(!5#!J741&6@D!

nM*%60('2)*5%.'1*$$0)2*% !

!4224$#&1!20'6'>!C:6$#>!H'7%%'1#>!7(#!84$6#>!7(!%8@(4$&'>!7(#!84$6#!5#!!7(! .4$!4!1#%!C&8$'%!%7$!84C@$4!'(6!6#(54(8#!M!#(6#(5$#!1#%!C'6#7$%!5#!A''C!#6!6'76!

5&86420'(#!'7!7(#!84C@$4!!7(!%691'!#6!7(!84$(#6D! 476$#!H$7&6!=@(@$@!24$!14!84C@$4D!

! !

n!'2)@)10()".$%?%*@@*1(#*2% Q#!217%>!C'(6#$!7(!C&8$'!24$411:1#C#(6!47!%'1!(}#%6!24%!7(#!H'((#!80'%#D!K#%!C&8$'%!84('(!

(7&%4(8#!%'('$#>!4(480$'(&%C#>!'$&#(646&'(>!%}&1!9!4!7(!804(6&#$!2$@!1#! %'(6!%&C&14&$#%!47?!6@1@'HI#86&B%!20'6'!54(%!1#!%#(%!'x!6'7%!5#7?!8'C2$#%%#(6!1#%!214(%!5#!

6#C2%!5#!6$4I#6>!14!17C&:$#!%#1'(!1#%!0#7$#%!5#!14!I'7$(@#D! 1}486&'(!%&!H&#(!J7#!6$:%!2#7!5#!5&%64(8#!%#CH1#!%@24$#$!1}486&'(!5#!2$#C&#$!214(!5#!8#11#!M!

/'7$!1#%!H€6&C#(6%>!&1!B476!!14!84248&6@!@1#86$&J7#D! 1}4$$&:$#!214(D!X&!!!&1!B476!('6#$!14!2'%&6&'(!#?486#!5#%!#(5$'&6%!$#6#(7%>!1}45$#%%#>!1#%!(7C@$'%!5#! !

6@1@20'(#!5#%!2$'2$&@64&$#>!1}#(%'1#&11#C#(6!#6!1}#%6&C46&'(!5#!14!•$7C#7$•!SH$7&6!4CH&4(6TD! K4!C#&11#7$#!C4(&:$#!5}&%'1#$!1#%!2#$%'((#%!57!B'(5!%'('$#!#%6!5#!1#%!2#$80#$!24$!1#!5#%%7%>!

! 5#!B4o'(!M!8#!J7#!1}4?#!57!C&8$'!2'&(6#!!&1!B476!20'6'=$420&#$!#(!24('$4C&J7#!1#!804C2!#6!1#!8'(6$#!804C2!S(#!24%!'7H1&#$! %}4%%7$4(6!J7#!1#!%'1!'7!214(80#$!(}#%6!24%!47%%&!H$794(6!J7#!1#!B'(5!%'('$#DT!

5}&(5&J7#$!1#!('$5!%7$!1#%!20'6'%TD! !

! R&(41#C#(6>!1}'HI#86&B!5#!14!84C@$4!4!14!84248&6@!5#!"kG3!H#478'72!217%!1'&(!J7#!CFC#!1#!

! C#&11#7$!5#%!C&8$'20'(#%!84('(!(}4&6!8#11#!5}EP[EPQ3ED!Y(#!1'(=7#!B'841#!2#76!B48&1#C#(6!

3#C4$J7#%!]!! 845$#$!#(!214(!%#$$@!1#!!C4&%!14!%#71#!80'%#!J7}7(!C&8$'!

!" /'7$!7(#!%8:(#!5#!(7&6>!1#%!$#2@$4=#%!%#!B'(6!5#!(7&6D! %4&%&$4!M!14!CFC#!5&%64(8#!%#$4!1}4CH&4(8#!=@(@$41#!5#!6'76#%!1#%!80'%#%!5#!14!%8:(#!54(%!

!" /'7$!1#%!476'$&%46&'(%!5#!6'7$(4=#>!&1!B476!%}9!2$#(5$#!47!C'&(%!Z!%#C4&(#%!M! %4! =1'H41&6@D! /'7$! 6#(5$#! M! 7(! %'(! 5#! J741&6@>! !2#$80#$!24$!1#!5#%%7%!2$'57&$4!5#%!5&41'=7#%!47!%'(!1#!217%!(467$#1!4!6$'&%>!!

6'7$(#$>!%476#$>!=$&C2#$>!#68DDD!G1!(}9!4!24%!5#!8€H1#!C&8$'!M!14!2466#!2'7$!1&C&6#$!1#7$!@6#(57#!

5#!C'7! H$7&6%! 5#! 24%! #6! C4(&27146&'(!

5}488#%%'&$#%>! 2'7$! 5'((#$! M! 14! H4(5#c%'(! 7(#! $&80#! 6#?67$#D! Q7! B4&6! J7#! 1#%! ! 1#%! 5&41'=7#%! 5'C&(#$'(6! 14! H4(5#c%'(>! C4&%! 1#%! 476$#%! #BB#6%! %'('$#%!

%#$'(6!6'7I'7$%!475&H1#%D!

!

)R"##$ *+,-$./01234506$7$$56809:453;/01234506&302:$1:$?@564$A61/B$1CD/6@E$$$$7$$$#)((($F@$>03G:$H2/$I06$$7$$J/@63:$ %&!!&'(()$ !!%$>2:$1:$?@564$A61/B$1CD/6@E$$$$7$$$#)((($F@$>03G:$H2/$I06$$7$$J/@63:$

$ +BK"J@L$M($')!$N%'$'ON$$$J/::PL$M$($#Q($RO'$RON$$SH!1#!C&8$'!4!6#(54(8#!M!F6$#!217%!0476!%&!H&#(!J7#!1#!5&41'=7#!$@%7164(6!%#CH1#$4! K4!2#$87%%&'(!#%6!1#!H$7&6!8$@@!24$!1#!8€H1#!J7&!8'=(#!8'(6$#!1#%!476$#%!67H#%!5#!14!2#$80#D!

217%!2#6&6!#6!217%!•1'&(64&(•D!X7$!1#%!=$'%!214(%>!1#!C&8$'!2#76!F6$#!4H4&%%@!5'((4(6!47!%'(!7(#! .'CC#!14!2#$80#!#%6!6@1#%8'2&J7#>!&1!(}#%6!2'%%&H1#!5}&%'1#$!5#!C'7%%#!J7#!1#!H$&(!1#!217%!B&(D!

2$@%#(8#!217%!&C2'$64(6#!#6!7(#!•2$'?&C&6@•!M!1}@8$4(D! !

! K4! C#&11#7$#! 6#80(&J7#! 2'7$! 8'(6$f1#$! 1#%! H$7&6%! 5#! 80'8! #%6! 5#! =4$5#$! 1#! 8€H1#! 6#(57! #(!

_4&%!J7}#(!#%6c&1!%}&1!9!4!5#%!#(6$4!B4&6#%!7(#!H'781#!476'7$%!57!2#6&6!5'&=6!

24$!1#!5#%%7%!^! '7!57!2'78#!5#!! 5#%! 87&%%#%! '7! 5#! 14! 64&11#! 5#! 1}486#7$! 4! C4&%! %7$! 1#%! C&8$'%! 8'CC#! %7$! 1#%! 8€H1#%! %'(6! 8'((7%! 2'7$! 5#!8#!J7&!#?21&J7#!8#66#!47=C#(646&'(!5#%!H4%%#%D! 5}7(#!5@8'((#?&'(!&(6#C2#%6&! M! 847%#! 5#! 14! 2$@%#(8#! 5#! K4&%%#A! 6'7I'7$%! 57! C'7! 54(%! 14! 8'((#?&'(! 57! 8€H1#! #(6$#! 14!2#$80#!#6!1#!C&8$'D!Y(!8€H1#!

C#7H1#%!'7!5#%!5@2148#C#(6%!5#!2#$%'((#%!#(!2$#C&#$!214(D!K#!84C#$4C4(!5'&6!47%%&!F6$#! 6#(57!8'(57&$4!1#%!H$7&6%!5#!C4(&#C#(6D!

H#478'72!217%!466#(6&B>!84$!&1!#%6!217%!2$'H4H1#!5}@14$=&$!1#!845$#!#6!C'(6$#$!217%!57!6'$%#!5#! !

1}486#7$! J7#! 5#! C'(6$#$! 217%! 57! ! &1! 9! 4! H#478'72! 5#! Q4(%! 1#! CFC#! '$5$#! 5}&5@#>! 7(! #?8:%! 5#! 8€H1#! 2#76! 8'=(#$! #6! 847%#$! 57! H$7&6D! .#6! #?8:%!

214(%!'x!2#$80#$!24$!#(!5#%%'7%!%#$4!14!217%!%&C21#!5#%!%'176&'(%D! 2#76!%&C21#C#(6!F6$#!#($'71@!7(#!'7!5#7?!B'&%!476'7$%!5#!14!2#$80#!%'7%!14!%7%2#(%&'(D!

! !

! K#!8€H1#!%7$!14!2#$80#!3'H'/'1#‹!#%6!%2&$41@!#(!7(#!2#6&6#!H'781#!47!(&!1#%!27H%>!#6!1#%!%@$&#%!6@1@!5#C4(5#(6!7(#!1'(=7#!2'$6@#>!#(6$#!Z>-!#6!W>-! 4!4B&(!5#!8'7! 24$8#! J7}&1! (#! %#$4! 217%! (@8#%%4&$#! 5}'7!#(6$#!)>-!#6!V>-!C:6$#%>!84$!1}@J7&2#!84C@$4!#%6! C#66$#!#(!2148#!1#!8€H1#!M!804J7#!B'&%!J7#!*%

h74(5! ! (#! %#$$#A! 24%! 1#%! H$&(%! 6'641#C#(6! 5@21&@%! 47! (&! 6#(#A! 14! 2#$80#! B#$C#C#(6! C4&%! 24%! 6$'2! %#$$@#!

1#7$!4$$F6!5#!%@87$&6@D!K4!6#80(&J7#!8'$$#86#!2'7$!'H6#(&$!7(#!2'$6@#!C4?&C41#!#%6!5#!5@21&#$! 4! #6! 5#! 14! $#c$#(6$#$! 5#! J7#1J7#%! 8#(6&C:6$#%D! Y(! 1@=#$! 642#$! '7! 64CH'7$&(#$D! h7#1J7#%! 2#$80C4(%! 2'$6#(6! 5#%! =4(6%! H14(8%! 5#! C'(64=#! 2'7$!

80#! 14! 2#$80#! $#(6$#$4! 54(%! 1#!

1#!214(!5#!B4o'(!M!2'7!14!8'$2%!5#!14!2#$80#!2#76!8'72#$!7(!8'&(!57!845$#D!

#(6$#!!! 8'CC#! 7(! •ƒ•! C4I7%871#D! h74(5! !14!%#71#!80'%#!J7#!! 1}4?#!5#!!#6!8'((#?&'(%!1€80#%D! !

! X&!!! 1}&(6@$$!! 57! 67H#! 5#! 2#$80#! 5'&6! F6$#! &%'1@! 4! %&! ! &1! #%6! 2'%%&H1#! 4! #%%79#Ac1#! C@60'5&J7#C#(6! X&!14!%&6746&'(!1#!2#$C#6>!6#(#Ac14!M!%'(!2'&(6!5}@J7&1&H$#!(467$#1D!Y6&1&%#A!1#!H$4%!4$$&:$#!2'7$!

5@6#(57!42:$1:$?@564$A61/B$1CD/6@E$$$$7$$$#)((($F@$>03G:$H2/$I06$$7$$J/@63:$ %&!!&'(()$ !!%$>2:$1:$?@564$A61/B$1CD/6@E$$$$7$$$#)((($F@$>03G:$H2/$I06$$7$$J/@63:$

$ +BK"J@L$M($')!$N%'$'ON$$$J/::PL$M$($#Q($RO'$RON$$SH!47%%&!H&#(!J7#!2'7$!14!6'7$(#$!%7$!%'(!4?#!4B&(! 8&*$'(,.!)+%+',!

5#!2'&(6#$!1#!C&8$'20'(#D! 9+1'!.,!L+R&F,!

! !

nE501*6*.(%/#%6)12"->".*! !

E%%49#A!5#!2'%&6&'((#$!1#!C&8$'!47%%&!2$:%!5#!1}486&'(!J7#!2'%%&H1#D!X#1'(!14!%&6746&'(!#6!1#%! J%',F()*',1'!

84$486@$&%6&J7#%! 24$6&871&:$#%! 5#! 804J7#! C&8$'20'(#>! !WW>)j0A>!ZVj0ATD!l$€8#!M!%#%!B&80#%!2$'!

2$46&J7#%! 2'7$! 14! 84C@$4! #6! 14! 17C&:$#>! C4&%! ! '(! 2#76! 8'((#86#$! (;&C2'$6#! J7#1! 692#! 5#! C&8$'! 2$'! 4!C&%#!M!24$6!1#!Q46!e41jC4(!2'$64H1#!X'(9D!

/'7$! @64H1&$! 14! 1&=(#! 57! 845$#>! 21'(=#A! 1#! C&8$'! 8'C21:6#C#(6! 54(%! 1#! 804C2! #6! 1#!1#!845$#7$!!#6!$#!1#%!P4=$4D!

!

nLI%

!

K#!C&(&!5&%8!'BB$#!C'&(%!5#!814$6@!#6!5#!59(4C&J7#!%'('$#D!G1!#%6!$4$#!5#!6$'7! %47B! 80#A! 5#7?! '7! 6$'&%! 8'(%6$786#7$%! J7&! B'(6! 5#%! _5%! 2'$64H1#%! 2'7$! 1#%! $#2'$64=#%!

$45&'>!C4&%!1#!2$&?!$#!#(!#C2'$6#$!V!47!84%!'x!1}'(!4&6!7(#!5@B4&114(8#!|!

a$=7C#(6!%7221@C#(64&$#!#(!B4!&1!#%6!6$:%!B48&1#!5#!6$'7! (}76&1&%#A! J7#! 1#! C'5#! ('$C41D! K#%! C'5#%! 5#! 1'(=7#! 57$@#! (#! ! 1M! 'x! 14! J741&6@! (}#%6! 24%! 2$&'$&64&$#D! K#! _5!

8'C2$#%%#! 1#! %'(>! 24%! 1#! Qa[D! K;41='$&60C#! 76&1&%@! #%6! 2$'2$&@64&$#! 5#! XkPy>! 8;#%6! 1;a[3a.!

Sa542646&! 27&%! M! 7(#! _Q.[! S8'54=#! 24$! 6$4(%B'$C@#! 5#! R'7$&#$! $42&5#! RR[! '7!

6$4(%B'$C@#!#(!8'%&(7%!5&%8$:6#!Q.[T!4! V! #6! Z>! _/ElcV! U.>! aa.! '7! PU.>! _/ElcW>! a.cV>! a.cZ>! /a.! #6! a/[cnTD! /'7$! 5#%!

B$@J7#(8#%!0476#%>!7(#!C#&11#7$!$@%'176&'(!6#C2'$#11#!S#6!C'&(5$#!#(!B$@J7#(8#T!#%6!76&1&%@#D!.#14!#%6!

#(! 488'$5! 4! 7(!

804(=#C#(6! 5#! H1'8%! #%6! 2'%%&H1#! 2'7$! 45426#$! 14! $@%'176&'(! 6#C2'$#11#! 57! H4(8! 5#! B&16$#%! M! 14!

%646&%6&J7#! 57! %&=(41D! .'CC#! 8;#%6! 1#! 84%! 2'7$! 1#! _/Elc)! #6! V! 7(#! 6$4(%C&%%&'(! #?21&8&6#! 5#!

)Q"##$ *+,-$./01234506$7$$56809:453;/01234506&302:$1:$?@564$A61/B$1CD/6@E$$$$7$$$#)((($F@$>03G:$H2/$I06$$7$$J/@63:$ %&!!&'(()$ !!%$>2:$1:$?@564$A61/B$1CD/6@E$$$$7$$$#)((($F@$>03G:$H2/$I06$$7$$J/@63:$

$ +BK"J@L$M($')!$N%'$'ON$$$J/::PL$M$($#Q($RO'$RON$$SH!4! 14!

['7I'7$%!2'7$!1#!_Q>!&1!5'((#!@=41#C#(6!7(!488:%!5&$#86!47?!C'$8#47?!#($#=&%6$@%>!41'$%!J7#!1#!Qa[! C4$J7#!X#((0#&%#$!$:=(#!54(%!8#!5'C4&(#!]!

$#%6#!7(#!84%%#66#!4!(;#%6!24%!6'7I'7$%!@! 692#! @1#86$'%646&J7#>! 8}#%6! 14! %@$&#! X#((0#&%#$!

X'(&8! X64=#! 24$! #?#C21#D! Q#27&%! 2#7>! 1;'(! 2#76! #($#=&%6$#$! #(! /._! S+-*V++-T! #6! 6$4(%B@$#$! %7$! /.! _dƒW),!S#(!24%!5#!_48k%!n>!(&!4787(#!5&%6$&H76&'(!K&(7?>!41'$%!M!! 2#7! B&4H1#%! #6! !" 2$&?!@1#!692#!@1#86$#6>!8}#%6!14!%@$&#!X#((0#&%#$!d,!S#(! 2$#%J7#! I4C4&%! 57! !" 2&J7@!C'&(%!$&80#!J7#!1#!_dƒW),!

nK3>!1M!#(8'$#!2#7!5#!B&4H&1&6@O! !" $422'$6!%&=(41*H$7&6!6$:%!H'(!

! !" 2$&?!$4&%'((4H1#!2'7$!1}4C46#7$!

n=[,%II,%L)12"HI2)4*% !" 41&C#(646&'(! 2&1#! &(6#$(#! S)>-! 4! 84$6#! B14%0! '7! C&8$'! 5$&! #(8'$#! $@%#$! (#! !

64$5#$'(6!24%!M!%#!5@C'8$46&%#$D!k(!2#76!%&6#$!1#!R'%6#?!R3V!2'7$!7(!2$&?!$4&%'((4H1#!)W++Eƒ[>!14! .#%!C&8$'%!'(6!1}4!C4&%!#(!8'(6$#24$6&#>!&1%!%'(6!6$:%!

%'('%4?! C&(&! 3`V! S+-*V++-T>! 1#! aa[kP! .4(64$! C4&%! 1M! 8;#%6! 2$#%! 5#! V++jRD! k(! #(! $#24$1#! 7(! 2#7! %#(%&H1#%>! 5'(8! 2'%%&H&1&6@! 5#! %467$#$! 1}#(6$@#! C&8$'! 5}7(! C46@$
! =$4(5c27H1&8! 5:%! J7#! 1#!

217%!H4%!54(%!14!24$6&#!(7C@$&%46&'(D! (&!8#%!C'5:1#%!•84('(•!%'(6!6$:%!%#(%&H1#%!47!! 1#!H'(!!M!14!6@1@>!O! !

.}#%6! 7(! C&8$'! 5#! 692#! 59(4C&J7#>! 6$:%! $'H7%6#>! J74%&! &(%#(%&H1#! 47! ! CFC#! %4(%! Y(!476$#!C&8$'20'(#!>!H'(!M!6'76!B4&$#!#6!24%!80#$!>!1#!a[ZZ4!5#!80#A!a75&'c[#80(&84!SC'&(%!

H'((#66#D! K4! J741&6@! #%6! C'9#((#>! C4&%! 8'CC#! &1! 6$:%! 426#! %7$! 6'7%! 1#%! 6#$$4&(%>! '(! 17&! 5#!V++!•TD!a!&1!#%6!4&(%&!2'%%&H1#!5#!$@41&%#$!7(!8'721#!k3[R!M!H'(!

24$5'((#!8#!5@B476D!/$&?!#(!!H$7&6%>!DDD!%4(%!5'76#!(#66#C#(6!C'&(%!2$@8&%!J7#!1#!X#((0#&%#$!_E,W!*!,,>!

! C4&%!217%!4H'$54H1#D!"'&$!5#!2$:%!1#!692#!5#!H'((#66#!2'%%&H1#!80#A!398'6#D!

Z+1'!1%,!9'(),!0,!)+%!51)(#&.,! !

.0'$41#>! 2#6&6! =$'72#! 5#! C7%&8&#(%>! 4CH&4(8#! %2#86481#>! 1#! 8'721#! 5#! C&8$'%! %6@$@'! #%6! 1#! /'7$! 411#$! %7$! 1#%! 2#6&6%! 84C@%8'2#%>! 1#! C&8$'! 84('(! ]! adl! \W\! #%6! 7(! C'5:1#! 1@=#$! #6!

C#&11#7$!80'&?!]! #BB&848#D![$:%!2#6&6!5&4C:6$#!SbCCT!#6!2'&5%!217C#>!&1!2#76c#6$#!41&C#(6@!24$!1#!217=c&(!2'e#$!

"! %'&6!4!2$@!M! %#71#C#(6>!%'(!2#6&6!5&4C:6$#!(}#%6!24%!2$@!5'(8!1#!!5}'$&=&(#!249%!5#!1}#%6!>!J7&!B4H$&J7#! #(!84$!8}#%6!7(!C&8$'! =F(4(6!

692#!@1#86$#6D!/4$!8'(6$#>!1}a[_!`V-!2'%%:5#!V!692#%!5}41&C#(646&'(!]!%'&6!24$!2&1#!S)>-! 1#!C&8$'!2$'!J74%&!&5@41!#%6!1#!C&8$'!8$4! &1! 2#76! F6$#! C&%! %7$! 1#! $#H'$5! 5#! 14! ! C4&%! 47%%&! M! CFC#! 14! 2#47>! 5'(8! %'7%! 1#%!

%'&6!24$!41&C#(646&'(!W`! %4(%! H$7&6! 5#! B$'66#C#(6>! #6! 4Z!CC!?!\>,!CC!?!W>,!CC!D!Q&%8$@6&'(!4%%7$@#!|!c!/$&?!]!-++!•D!

a!%&=(41#$!47%%&>!1#!C&(&!8'721#!5#!C&8$'%!S24%!80#$%T!!@2471&:$#!'7!#(8'$#!C?!54(%!1#!24!4B&(! !

5}'H6#(&$! 7(#! %6@$@'! $@41&%6#D! a! $@%#$!%&('(>!&1!B476!7(#!C&(&! 1#!C&8$'!@1#86$'%646&J7#!5#!=$4(5#!842%71#!#%6!1#!$'&!5#!%4!846@='$&#D!

41&C#(646&'(! 24$! C&8$'! S41&CD! #?&%64(6! 80#A! X'(9TD! K#%! C&(&%! C&8$'%! @64(6! %@24$@%>! 1}7(! 2#76! !" %&!'(!4!H#478'72!5#!%'7%>!'(!2#76!%#!I#6#$!%7$!7(!P#7C4((!Y`\!SV!-++!•TD!

%#$!'(!2#76!80'&%&$!]!1}a75&'6#80(&84!a[W+ZZ4!

! K#!2&J7@!#6!1#!6&CH$#!5#!14!!14!59(4C&J7#!%#$4!2$@%#$2:$1:$?@564$A61/B$1CD/6@E$$$$7$$$#)((($F@$>03G:$H2/$I06$$7$$J/@63:$ %&!!&'(()$ !!%$>2:$1:$?@564$A61/B$1CD/6@E$$$$7$$$#)((($F@$>03G:$H2/$I06$$7$$J/@63:$

$ +BK"J@L$M($')!$N%'$'ON$$$J/::PL$M$($#Q($RO'$RON$$SH!(&!$'($'((#C#(6T! a764(6!2'7$!14!84C@$4!1#!80'&?!5#!1}'26&J7#!#%6!&C2'$64(6!Sa(=@(?!'7!R7I&('(!5'((#(6!5#%!&C4=#%!

a1&C#(646&'(!W`!OT! 6$:%!'22'%@#%>!=$4(5!4(=1#!'7!2#6&6T>!4&(%&!J7#!8#17&!57!=4CC4>!4764(6!2'7$!1#!%'(!1#!C&8$'!5'((#!14!

a76$#%!C&8$'%!80#A!]!a75&'6#80(&84! 24%!5#!54(%#!2'7$!14!%7&6#D!

! !

D(&()+%)! !

Y(#!B'&%!80'&%&!1#!C&8$'>!$#%6#!M!! '7! &(5&%2#(%4H1#D! a! C'&(%!

#($#=&%6$#7$%!475&'T! 5;#($#=&%6$#$!#(!476'C46&J7#>!1#!845$#7$!(#!2'7$$4!24%!CFC#!%7$!2!=@$#$!1#%!(&!24$!#?#C21#>!1#!C'5:1#!a[‚cY)+)!5#!80#A!a75&'6#80(&84D! %7$! 14! 84C@$4! %'7%! 2#&(#! 5#! L!H'7=#$!ND! a! ('6#$! J7#! 1#%! 6$4&6#C#(6%! 5#! 14! 59(4C&J7#! 24$!

! 8'C2$#%%&'(!]!5#!59(4C&J7#>!5#!%#7&1>!1&C&6#7$>!466@(746#7$>!$@5786#7$>!#?6#(%&'(!%'(6!2'7$!14!21724$6!

! &(6@=$@! 54(%! 1#%! 4224$#&1%! =$4(5%! 27H1&J7#%D! K#! 2$'H1:C#! 8;#%6! J7#! 14! J741&6@! #%6! 5@21'$4H1#D! Y(!

! C'5&B&846#7$! 5#! 59(4C&J7#! 2$'B#%%&'((#1! #%6! 8'u6#7?! #6! 5#! 217%! I4C4&%! $@#11#C#(6! =@(@$41&%6#D! a!

nM*%6'()*2%/! 475&'B$@J7#(8#>! $'764=#%>! 5#! H48j72>! 5;475&6! C716&c84(41! %'(6! 5#%! 8'(B'$6%! J74%&! &(5&%2#(%4H1#%! #(! C&1!

@1#86$'(&J7#!#6!C460@C46&J7#%!5&%8$:6#%>!#68DT!C4&%!47%%&!7(#!#?2:$&#(8#!5#!6#$$4&(!4B&(!5;45426#$!5#%! 2$'B#%%&'((#1D!

2$'8:57$#%!5;#($#=&%6$#C#(6!M!804J7#!%&6746&'(!]!C&1!48'7%6&J7#!804'6&J7#>!$@!07C&5&6@>! !

!59(4C&J7#!#?6$FC#>!#68D! K#!2#$80C4(!2148#!1#!C&8$'>!1;&(=:($!%'(!B4&6!1#%!(&! 1;&(=@($! 57! %'(! B4o'((#(6! 1#%! %'(%D! K#%! 5&BB@$#(6%! 692#%! 5#! 2'7$! 1&C&6#$! 1#%! B$4&%! #(! 2'%6c2$'5786&'(! '7! M! 1;476$#! #?6$FC#! S14! C'&(%! #BB&848#T! %7$! 14! 84C@$4! #(! V!

C&8$'20'(#%!#6!2$@4C21&%!#C21'9@%!5'((#(6!5#%!$@%71646%!5&BB@$#(6%>!217%!'7!C'&(%!#(!$422'$6!4! %7&! !1#7$!J741&6@!%'('$#>!4$=7C#(6!('(!J74(6&B&4H1#!%7$!1#!242&#$!6$:%!$4$#C#(6!

! 8'((7!M!14!B'&%!57!=$4(5!27H1&8!#6!24$!8#$64&(%!2$'B#%%&'((#1%D!

/4$! #?#C21#! ]! G1! 9! 4! 5#%! C&8$'20'(#%! J7&! 5'((#(6! 5#! 1}4=$#%%&!&1!#(!#?&%6#!Z!$#C4$J74H1#%!]!14!!%?!CV!5#!XkPkXan!S2176f6!7(!

(@8#%%4&$#!47!$#2'$64=#!["!2'7$!7(#!H'((#!8'C2$@0#(%&'(!57!C#%%4=#!%'('$#!%7$!5&BB@$#(6!C'9#(%! 2$@c4C21&!J7;7(!C&?#$T>!14!2%2Z!5#!EEa>!#6!14!C&?2$@!5#!XkYPQQE"G.EXD!E(!W!!&1!9!4!217%!5#!

5#!$#2$'5786&'(!]!4! 5#! (467$#1! #6! 5#! 5'78#7$! 54(%! 1#! C@5&7C! S8'CC#! 1#! d_3`)T! !

$#80#$80@%!54(%!1#%!B&86&'(%D! Y15$'()&*(+%!

! G1!#?&%6#!5#7?!692#%!]!1#%!476'('C#%!#6!8#7?!8'721@%!M!7(!'$5&(46#7$!S_a.>!/.>!i!476$#%TD!/'7$!1#%!

Q}476$#%!2$'87$#(6!7(#!716&C#!2$@8&%&'(!54(%!1#%!4CH&4(8#%>!1#%!H$7&6%!#6!1}#(!&1!9!4!5#7?!692#%!]!8#7?!H4%@%!%7$!1#%!84$6#%!&(6#$(#%!#6!8#7?!H4%@%!%7$!

.'11#66#%!5#!X80'#2%T>!#68DDD! 1#%! &(6#$B48#%! #?6#$(#%! SYXU>! GEEE)ZbW! W++*`++T! S47! +,*V++-TD! K4! (7C@$&%46&'(! %;#(! 4!5}476$#!B'&%!14!C'('!#%6!2$@B@$4H1#!S&(6#$! QGlGQEXGlP>! _aYQGk>! 3_E! a75&'>! EQG3kK>! 3a_! a75&'>! RkX[En! ! #6! @!EEa>!XkYPQQE"G.EXD!

/4$B'&%!1#!C&8$'!5'&6!F6$#!!=$4(5!$#2'$64=#T!2'7$!5'((#$!5#!14!8'(%&%64(8#!47!5&%8'7$!'7! !

7(#!'$&#(646&'(!!8'CC#!7(#!B1:80#>!5}476$#%!B'&%!&1!5'&6!F6$#!5&%8$#6!#6!4H%#(6!5#! !

1}&C4=#D! Y$&%5+(%)!0&%)!.&!9'&*(B1,!

! k(!6$'7!%7$!&(=#($57%'(D8C>!2#$80C4(D8'C>!$#24&$#D(#6>!J7&!

/4$!4(41'=&#!4!'(!2#76!814%%#$!1#%!80'&?!#(!217%$%!8042&6$#%!]! 76&1&%#!7(!2$@4C21&!%'('%4?!%?!C)!'7!%?!CV!8'721@!M!7(!_Q>!7(!C&8$'!%691#!_dƒW),>!U#9#$!C``>!'7!

! C),+!2'7$!84267$#$!5#%!%'(%!47!"(4C>!54(%!5#%!249%!'x!14!H4(5#!Qa[!#6!%4!C@84(&J7#!%'(6!6$:%!

!" K4!14$=#7$!54(%!1}#%248#>!1}4(=1#!5#!8424646&'(>!2$@%#(8#!'7!24%!5#!1}#(! 1;#(8'54=#! a[3a.! 4!%'(!#(!4$$&:$#! %46&%B4&%4(6!47!$#=4$5!5#!1;#(8'CH$#C#(6>!2'&5%>!2$&?!#6!5&%8$@6&'(D!

!" K#!$#1&#B!=4780#c5$'&6!]!5#!14!C'('!M!14!%6@$@'20'(&#! !

!" Q7!8'(6$4%6#!54(%!14!59(4C&J7#!5#%!%'(%!SB4&H1#%!#6!B'$6%T! !

!" Q#!14!8'71#7$!'7!6'(41&6@!5'C&(4(6#>!4=$#%%&!5'&6!F6$#!!1#!%722'$6!#6!14!2$'6#86&'(!

!

U$#B>! 4! 1}@675#! 5'&6! F6$#! C#(@#! M! H&#(! S%4(%! 24$1#$! &8&! 5#! 14! C4(&:$#!

5'(6! '(! '$&#(6#! #6! 2'$6#! 1#! C&8$'20'(#>! 5#! 14! C4(&:$#! 5'(6! '(! 1#! 2$'6:=#! #6! '(! B&16$#! 1#%! %'(%!

&(5@%&$#4H1#%!#6!57!2$@4C21&!J7}'(!17&!4%%'8&#TD!

!





%!"##$ *+,-$./01234506$7$$56809:453;/01234506&302:$1:$?@564$A61/B$1CD/6@E$$$$7$$$#)((($F@$>03G:$H2/$I06$$7$$J/@63:$ %&!!&'(()$ !!%$>2:$1:$?@564$A61/B$1CD/6@E$$$$7$$$#)((($F@$>03G:$H2/$I06$$7$$J/@63:$

$ +BK"J@L$M($')!$N%'$'ON$$$J/::PL$M$($#Q($RO'$RON$$SH!%'(5&#$!2'7$!aV!%7$!1#%!&6e!#6!1#%!1&=(#%!5#!H48j72!]! !

! P'6#]!!

•m}76&1&%#!7(!d,/!_E,,!%#((0#&%#$!%#C&c84('(>!7(!d,/!_E,W>!7(!adl!.W)\>!7(!%07$#!2$'1'=7#!SG[‚! a!&1!B476!47%%&!8'((4p6$#!1#%!$:=1#%!5#!H4%#!57!C'(64=#!4B&(!5#!(#!

4! =#($#! 8'11#86&B! J74(5! 67! (}4%! 24%! 4%%#A! 5#! C&8$'! 8$4! I#! C#! $#6$'7!I#!C'(6#!7(!_E,,!%#((0#&%#$!%7$!14!84C!4!Ž! !G1!B476!24$64=#$!1}&C4=#!#(!Z!24$6&#%!@=41#%!54(%!%4!!I#!H$4(80#!7(!_E,W!%7$!1#!Qa[!2'7$!1}4CH&4(8#D!m}4&!6$'7!1#%!2'&(6%!5}&(6#$%#86&'(%!%'(6!1#%!2'&(6%!

7(#!4%678#!2'7$!J7}&1!6&#((#!%7$!C'(!@2471#!!I}4&!217%$%!%'7$8#%!2'7$!1#!C&?4=#DDD! G1!B476!5'(8!B4H$&J7#$!%'(!&C4=#!#(!76&1&%4(6!1#%!1&=(#%!#6!2'&(6%!

! 5#!B'$8#D!

Y(!2#6&6!8'(%#&1!%&!67!4%!1#%!C'9#(%>!480:6#!6'&!2176f6!7(!P#7C4((!692#!d_3!`)!2'7$!14!2$&%#!5#!%'(!

!

!80475#>!H4%%#!#6!C@5&7C!6$:%!H&#(!$#(57D!2$&?!2'7$!7(#!H'((#!H4%#!•ˆ!

\-+!#7$'%D! VD!3488'$5!5#!!%'&6!67!B'(8#%!M!7(!84%6'$4C4! l$'%!214(!!

#6!67!6$'7!V!14C2#%!&(6@=$@#%T!4!1}4?#!5#!14!84C@$4!%'&6!5@841@!

!E(!B4&6!&1!%}4=&6!5}7(!j&6!$#804$=#4H1#>!2$@!8}#%6!7(#!14C2#!J7&!%#!B&?#!%7$!1#%!84%J7#%! !

5#!804(6&#$>!)]Z+!6#%6@#!5}476'('C&#!%7$!1#!C'5#!0411'=:(#!#6!)+!0#7$#%!%7$!1#!C'5#!('$C41!C4&%!24%! 73!-]F.,!0,)!!!14!6F6#!5#!14!

14C2#!%#!5#!14!84C@$4!(#!2'7$$4!B$4(80&$!8#6!4?#!S%47B!54(%!

! 1#!84%!5}7(!6$4! 84$! J74(5! 67! H$4J7#%! 7(#! 0411'=:(#! 5#! -+‚! #(! 21#&(#! B48#>! 6#%!

&(6#$e&#! 7(! d,! _E,,! %7BB&6! 4C21#C#(6>! B475$4&6! J74(5! CFC#! 24%!

5@8'((#$!('(!217%>!8#!%'(6!5#%!C&8$'%!6'76!M!B4&6!488#264H1#!%7$6'76!2'7$!57!$#2'$64=#*5'87C#(64&$#D!

G1%!%'(6!CFC#!#?8#11#(6!54(%!8#%!8'(5&6&'(%!#6!('64CC#(6!1#!C#,,!2'7$!14!2#$80#!'7!%7$!14!84CD!m#!

(}47$4&%! 24%! 57! 6#! 24$1#$! 57! (#7C4((>! 8}@64&6! 2176f6! 2'7$! 1#%! 2$&%#%! 5#! %'(! 5#! 8'7$6! C@6$4=#! '7! 5#!

C'9#(D!/4$!8'(6$#>!67!5#!8#14!5@24((#!54(%!8#$64&(#%!

%&6746&'(%D!m}#(!4&!B4&6!1#%!B$4&%!M!2177%$%!$#2$&%#%!%7$!5#%!$#2'$64=#%D!.}@64&6!7(!8$4!#6!466#(6&'(>!&1!%467$#!6$:%!!(#!24%!'7H1&#$!J7#!8}#%6!7(!%#C&c!

84('(!4!1}#(%#CH1#!4!5'(8!2$@2:$1:$?@564$A61/B$1CD/6@E$$$$7$$$#)((($F@$>03G:$H2/$I06$$7$$J/@63:$ %&!!&'(()$ !!%$>2:$1:$?@564$A61/B$1CD/6@E$$$$7$$$#)((($F@$>03G:$H2/$I06$$7$$J/@63:$

$ +BK"J@L$M($')!$N%'$'ON$$$J/::PL$M$($#Q($RO'$RON$$SH! &1!

Y(!214(!8}#%6!14!2'$6&'(!5#!B&1C!8'C2$&%#!#(6$#!1#!5@H76!#6!14!B&(!5}7(#!2$&%#!5#!!B'71#>!!H464&11#! !

! !

c!/14(!14$=#!'7!214(!5#C&!#(%#CH1#!S/)*VET!]!$7#>!2148#>!=$'72#!#(!2%! !

!

c/14(!C'9#(!S/_T!]!2#$%'((4=#!#(!2%!

!

c/14(!4C@$&84&(!S/aT!]!2#$%'((4=#!I7%J7}M!C&c87&%%#!

!

c!/14(!$422$'80@!64&11#!S/3[T!]!2#$%'((4=#!I7%J7}47!('CH$&1!

!

c!/14(!$422$'80@!2'&6$&(#!S/3/T!]!2#$%'((4=#!I7%J7}47?!%#&(%!

!

c!l$'%!214(!Sl/T!'7!214(!%#$$@!]!3!U%F.,!0,!L1,!

X7&!14!%8:(#!B&1C@#!(}4!24%!1#!CFC#!%#(%D!

G1!#?&%6#!217%$%!4(=1#%!5#!2$&%#!5#!!7(!@8$4%#C#(6!5#!14!2#$%2#86&!5}@6$'&6#%%#>!5#!5&BB&8716@D!

E11#!&(B@$&'$&%#!1#!%7I#6D!

!

c!K4!8'(6$#c21'(=@#!S4H$@!217%!B'$6!#6!217%!59(4C&J7#D!

!

c!K#!2'&(6!5#!2:$1:$?@564$A61/B$1CD/6@E$$$$7$$$#)((($F@$>03G:$H2/$I06$$7$$J/@63:$ %&!!&'(()$ !!%$>2:$1:$?@564$A61/B$1CD/6@E$$$$7$$$#)((($F@$>03G:$H2/$I06$$7$$J/@63:$

$ +BK"J@L$M($')!$N%'$'ON$$$J/::PL$M$($#Q($RO'$RON$$SH!2'7$!804J7#!%8:(#>!'(!#?6$4&6!7(!8#$64&(!('CH$#!5}&(5&846&'(%!S5@8'$%>! !

486#7$%>!#BB#6%>!488#%%'&$#%DDDDT!J7#!1}'(!$@2#$6'$&#!%7$!7(#!B#7&11#!5#!5@2'7&11#C#(6D! a2$:%!4!'(!2#76!@64H1&$!1#!5@2'7&11#C#(6!

k(!5'&6!@8$&$#!7(#!B#7&11#!5#!5@2'7&11#C#(6!2'7$!804J7#!%8:(#D! 5@8'$!J7&!$4%%#CH1#!1#%!%8:(#%!I'7@#%!24$!5@8'$%!#6!24$!#BB#6%!S&(6@$$!'7!#?6@$$!*!I'7$!'7!(7&6TD!

G1!2#$C#6!4&(%&!5#!!'(!&(5&J7#$4!1}#%6&C46&'(!57!6#C2%!5#!6'7$(4=#!5#!14!%8:(#D!

E?#C21#!]!

a7%%&!804J7#!B#7&11#!5#!5@2'7&11#C#(6!5'&6!8'(6#(&$!1#!$@%7C@!5#!14!%8:(#!5@8$&6#D!K#!$@%7C@! !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

5'&6!&(5&J7#$!1#%!2$@%#(8#%>!1#!1!#6!1}486&'(!2#(54(6!14!%8:(#D! Ka!_aGXkP!

[J4o-!K !

J\\JE!K "?!K !

-J"/8J! X+1'!%p

E,59)!0,!E+1'%&F, )D!.ƒa_U3E!QE!QG_G[3G!*!GP[!*!mkY3!]!

-oDJ" 4o"E/8J"

!

Xh! ERRE[! -J"/8J! E9)!!

*+1'%&F,!

))! GP[*mkY3! Q&C&6$&!'72:$1:$?@564$A61/B$1CD/6@E$$$$7$$$#)((($F@$>03G:$H2/$I06$$7$$J/@63:$ %&!!&'(()$ !!%$>2:$1:$?@564$A61/B$1CD/6@E$$$$7$$$#)((($F@$>03G:$H2/$I06$$7$$J/@63:$

$ +BK"J@L$M($')!$N%'$'ON$$$J/::PL$M$($#Q($RO'$RON$$SH!'(!2#76!B4&$#!14!8'(6&(7&6@D! K#!214(!5#!6$4!57!5@2'7&11#C#(6!5@8'$!#6!5#!14!8'(6&(7&6@D!

804J7#!%@J7#(8#!1}#BB#6>!1#!I'7$>!1#!5@8'$>!1#!$@%7C@>!1#%!$f1#%>!1#%!B&=7$4(6%>!1#!C&(764=#!S1#!6#C2%!J7#! G1! B476>! %7$! 7(#! CFC#! B#7&11#>! 4$$4(=#$! 1#%! I'7$(@#%! 5#! 6'7$(4=#! #(! B'(86&'(! 5#%! 5@8'$%>! 5#%! #BB#6%!

57$#!14!%8:(#!I'7@#T!#6!1#!6#C2%!5#!6'7$(4=#D! SG(6@$$! '7! E?6@$$! *! m'7$! '7! P7&6T>! 5#%! 8'C@5&#(%! 4&(%&! J7#! 5#%! 4?#%! 5#! 2$&%#! 5#! !B4&$#!1#%!804(=#C#(6%!5#%!I'7$%>!@!1#%!CFC#%!#BB#6%>!

! 1#%!CFC#%!8'C@5&#(%!#6!1#%!CFC#%!4?#%D!

J;;,*e! "$B3! [&*,! -$)15$! -t.,! \(F1'&%*! 8(%1*&F,! E9)! a&(%&!1'$%!57!6'7$(4=#!'(!=4=(#$4!7(!6#C2%!422$@8&4H1#!S'(!(#!%#$4!24%!'H1&=@!5#!6'7$(#$!54(%!7(!

[$#+'! E+1'%&F, 2$#C&#$!5@8'$!27&%!7(!5#7?&:C#!27&%!5#!$#!&1!B476!B4&$#!7(#!247%#!5#!)V!0!#(6$#!1#%!I'7$%!#6!1#!e##jc#(5!(#!8'C26#!

24%!8'CC#!7(#!247%#D!

!

! ! ! ! ! ! ! !

.'(%#&1%!]!C#66$#!1#%!0#7$#%!5#!(7&6!#(!5@H76!5#!%#C4&(#!4B&(!5}4!&1!B476!%42:$1:$?@564$A61/B$1CD/6@E$$$$7$$$#)((($F@$>03G:$H2/$I06$$7$$J/@63:$ %&!!&'(()$ !!%$>2:$1:$?@564$A61/B$1CD/6@E$$$$7$$$#)((($F@$>03G:$H2/$I06$$7$$J/@63:$

$ +BK"J@L$M($')!$N%'$'ON$$$J/::PL$M$($#Q($RO'$RON$$SH 2 7 C

!









En[!GP[!3YE!QE!.G[EaYn!*!a_/ƒG!)!mkY3

JE=4!Z'+01#*(+% "J?! [J4o-! XeY! -$)15$!









En[!3YE!QE!.G[EaYn!mkY3!PYG[

C+?@,3.,3.!4 ! ! ! !









En[!3YE!QE!.G[EaYn!PYG[

En[!3YE!QE!.G[EaYn!PYG[

! ! ! !

! ! ! !









GP[!a_/ƒG!)!mkY3

-45$$5%6)#)78#(5"7#&)#759 ! ! ! !

!

!"#$%&'#()#*#+,--./0#12%&%33) 4o8J[=JY! -oDJ! "J?! 8U?e4o=\! ZUE!

)*+,-.,/+!0,!1+20/-.*23!4!5678!1+20/-.*23 ! ! ! ! !

79:;,!4!1&:3!1,.*. ! ! ! ! !

)?-2+@!4! ` ` u!8U?/=DDUVJe4o=\\/-J!K! !

),-.!/0,12 V+ )- )+ )+ - ,+ !

3,'41.50053 ) ) ’!8U4q=YJ-=J!K! ! X7$!2148#!M!]! ! !

6'.,5 ZD /K

7520 sJY "EP !

71,0.!5(-5!/!8

71,0.!5(912,:.5

sV

s8

"l

"_

"l "l

"_

"l "l -

V u!JDJ4E-=4=EJ!K! !! X7$!2148#!M!]!

71,0.!5()/;05.!

l3YE

s\

V-

"R

l3

"R V

)

!

X[EaQG.a_

VE_E!.a_E3a

"E[

>4U

X[Q

V.a

X[Q V

)

u!-JV=J!K! !

aPG_aYn

a3_EX

UY !

U- a3 )

ZV -W )UGX \- WW u!E-UY"Zo-E"!K!

!

!

Z-Js="=oY"![/!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!]!









Q!"##$ *+,-$./01234506$7$$56809:453;/01234506&302:$1:$?@564$A61/B$1CD/6@E$$$$7$$$#)((($F@$>03G:$H2/$I06$$7$$J/@63:$ %&!!&'(()$ !!%$>2:$1:$?@564$A61/B$1CD/6@E$$$$7$$$#)((($F@$>03G:$H2/$I06$$7$$J/@63:$

$ +BK"J@L$M($')!$N%'$'ON$$$J/::PL$M$($#Q($RO'$RON$$SH!#6!2$#(#A!$#(5#Ac!C4&$&#>!%&6#! !" X'('$#!S!$'76#>!4!#68DT!

2$'6@=@OT!'7!2$&!1}476'$&%46&'(!#%6!5'((@#!5}'BB&8#!%&! !" "&%7#1!S!24%%4(6%>!804(=#C#(6!5;#?2'%&6&'(>!8'1'$&C:6$&#T!

!#6!8#7?!5#%!476$#%!('(!(@8#%%4&$#T!

!" /$@!!4B&(!5}@!%&!5#%!@1@C#(6%!!!C&8$'%>!H(8>!14C2#%>!8€H1#%OTD!Y(!H'(!5#!1&!%7$!1#J7#1!!#?2'%&6&'(>!8'1'$&C@6$&#>!=4&(!%'('$#!i!!%#$!%#$! !" E?2'%&6&'(!S!5&420$4C#%>!8'1'$&C@6$&#!]!H414(8#!5#%!H14(8%>!5#%!('&$%>!=4&(T!

4%%&%64(8#!8'C@5&#(>!4%%&%64(6!$#41D>!#68DT! !" R'87%!S5@B&(&$!14!A'(#!5#!(#66#6@]!1#!8'721#!5&420*%2##5!#6!1#!2'&(6!J74%&c8#(6$41T!

!" R&?#$!1#%!5'87C#(6%!45C&(&%6$46&B%>!214(%!5#!6$4!1#%!=4&(%>!

!! 76&1&%46&'(!'7!24%!5#!1&C&6#7$>!8'C2$#%%#7$>!8'(6$f1#!5#!14!59(4C&J7#!

! !" X&!@814&$4=#!4$6&B&8
!]!3!s,(..,!01!*+1'%&F,! !" 3@2@6#$!4!1#%!2#$80&%6#%!14!%8:(#!S2'%&6&'(!%246&41#>!1#%!5&BB@$#(6%!(&!4B&(!J7#!6'7%!%480#!

!" "@$&B&#$!1#!H'(!B'(86&'((#C#(6!57!C46@$
D! !" .142!5#!%9(80$'!4!%#!8'(8#(6$#!%7$!1#!I#7!5#%!486#7$%>!

!" _&8$'20'(#!S2&1#%>!8€H1#%>!4542646#7$%>!84(47?!%7$!14!84C@$4T! 4787(!2$'H1:C#!6#80(&J7#!(#!5'&6!1;#BB1#7$#$D!m7%6#!1#!I#7D!G1!5'&6!2'7!&1!2#76!8'CC#!8#$64&(!$@41&%46#7$!%#!2148#$!1#!217%!2$:%!2'%%&H1#!5#!14!

!" E($#=&%6$#$!J7#1J7#%!%#8'(5#%!5}&C4=#%!2'7$!6#%6#$!14!84C@$4! 84C#$4!54(%!1;4?#!5#!14!2$&%#!5#!! !

8'CC#(6!#6!J74(5T! !" Y(#!&(6#$!214(%!5#!6$4!6'76!2#76!2$#(5$#!5#!1'(=7#%!0#7$#%!J74(5!'(!

@64H1&#%!#6!M!I'7$D! 6'7$(#O!Y(!214(!J7&!5'&6!57$#$!)!0#7$#!'7!5#7?!(#!2$#(5!I4C4&%!)!0#7$#!'7!V!M!6'7$(#$O!!

! !" X480#A!2$@!#(!84%!5}#C2F80#C#(6D!.#14!#%6!

! 24$6&871&:$#C#(6!!5#%!#(B4(6%!'7!5#%!4(&C47?>!5#%!

23!Z&#v!!0,!)1'L(,!01!#&5,'&5&%! @1@C#(6%!5'(6!!8}#%6!217%!J7}04H&67#1O!

!" K#460#$C4(!*!.046#$6'(#! !

!" /&:8#%!5#!C'((4&#!#(!%#8'7$%!8'CC#!6'7$(#!'7!#(!#(2:$1:$?@564$A61/B$1CD/6@E$$$$7$$$#)((($F@$>03G:$H2/$I06$$7$$J/@63:$ %&!!&'(()$ !!%$>2:$1:$?@564$A61/B$1CD/6@E$$$$7$$$#)((($F@$>03G:$H2/$I06$$7$$J/@63:$

$ +BK"J@L$M($')!$N%'$'ON$$$J/::PL$M$($#Q($RO'$RON$$SH.);#*,%50%2'@5*K)".%/*%@"./V`! !

a$607$!/#1#80&4(D!#(6$#6&#(!4!'x!%#!24%%#!1#!C'(64=#>!$422#1!]! X159!41*!

!" a7! /'2#$>0C*! 1}#(%#CH1#! 5#%! 214(%! 6'7$(@%! S$7%0#%T! %'(6! ! 8#! J7&! 2$'57&6! 7(#! %476#! M! 1}@8$4(! #6! 7(! %476! 54(%! 1}486&'(! S! 8+%*&F,!&.*,'%$!

C7%&J7#>!4CH&4(8#>!H$7&6%T>!%'&6!M!$#B4&$#!#(6&:$#C#(6!1#!%'(!S2'%6c%9(80$'(&%46&'(TD! !X@$&#!5#!214(%!5'((4(6!M!!1#!B&1C!%7H&6!1#%!5#$(&:$#%!C'5&B&846&'(%!]! 5&%64(8#!8'CC#!54(%!1#%!2'7$%7&6#%!'x!1#!C'(64=#!#BB#867#!7(!! @641'((4=#! S$@=14=#! 5#! 14! 17C&:$#T>! 6$784=#%! #6! #BB#6%! %2@8&47?D! &1! B476! 47%%&! 1#%!2'7$%7&!1#%!%'7%c6&6$#%!#6!1#!=@(@$&J7#D! !K}#%%#(6
! &8&! #%6! J7#! 1#%! 5#7?! 486&'(%! %#! 5@$'71#(6! 54(%! 1#! CFC#! 6#C2%D! _4&%! '76$#! 1#7$! 1&#(!

! 6#C2'$#1>!1#%!5#7?!486&'(%!'(6!%'7!3488'$5!#6!#11&2%#! %&C7164(@&6@!'7!5#!847%41&6@!#(6$#!#7?D!!

!" E(!2$46&J7#! !G1!#%6!54! 1#! C'(64=#! #(!

24$411:1#!%#$6!%'7!14!C@6420'$#!'7!1}'22'%&6&'(D!!

!

"9.(*A"#',,%!

!/$'8@5@!24$!1#J7#1!1}@8$4(!#%6!5&!&1!

#%6!5#!&1!9!%#$6!7(#!%'$6#!5#!%80&A'20$@(&#!5#!14!! 8'7%&(! 5#! 14! %7$&C2$#%%&'(! B&1C&J7#>! 8'(6$4&(6! 1#! %2#8646#7$! M! #BB#867#$! 7(#!

%9(60:%#!&C4=&(4&$#!B'$C4(6!7(#!Z:C#!&C4=#!&(! '7! J7#! !

)`+…>!#68TD!!

!"'7%!2'7!7(#!76&1&%46&'(!#?8#%%&2:$1:$?@564$A61/B$1CD/6@E$$$$7$$$#)((($F@$>03G:$H2/$I06$$7$$J/@63:$ %&!!&'(()$ !!%$>2:$1:$?@564$A61/B$1CD/6@E$$$$7$$$#)((($F@$>03G:$H2/$I06$$7$$J/@63:$

$ +BK"J@L$M($')!$N%'$'ON$$$J/::PL$M$($#Q($RO'$RON$$SH!1#!%#8'(5!480#!8}#%6!M!5&$#!7(#!488@1@$46&'(!5#!

K'$%! 57! 6'7$(4=#>! 1#! $488'$5#C#(6>! 1#%! aC@$&84&(%! 422#11#(6! L!8'(6&(7&69!N>! $#2$@%#(6#! 7(#! H'((#! (4$$46&'(!24$!1}'C&%%&'(!5}7(!24%%4=#!5}486&'(!%72#$B17>!#(!(#!%@1#86&'((4(6!J7#!1#!6'76!5@H76!

24$6&#! 57! 6$4!7(!2#$%'((4=#!J7&66#!1#!845$#>!1#!214(!

214(%!S8&=4$#66#%!J7&!24%%#!5#!1'(=7#!M!8'7$6#>!#68DT!q!1#!5#7?&:C#!8'(8#$(#!1#!6$4!6$:%!%'7!'7!7(#!

! &(6#$! &1! B476! F6$#! 2$75#(6>! %'(6! 4224$#(6#! %&C21&8&6@! 2#76! B4&$#! B4&$#! 5#%! #$$#7$%! J7&!

K#! $488'$5#C#(6! 5'&6! F6$#! 2#(%@! 5@%! 14! 2$@c2$'5786&'(!]! 2'7$! 8'(%#$!%7$!1#!2$#C&#$!214(>!a!

)D! 3488'$5#C#(6!5$4C46&J7#! #%6! 4! 5$'&6#! 5#! 1}@8$4(>! 5#! B48#>! #6! 24$1#>! U! #%6! #(! 4C'$8#>! 5#! 5'%! 4! =4780#! 5#! 1}@8$4(>! &1!

VD! 3488'$5#C#(6!!U!24$1#>!I#!!%&!I#!2148#!C4!84C@$4!4!)`+…!5#!%4!

ZD! 3488'$5#C#(6!%'('$#! 2'%&6&'(!4867#1>!a!#6!U!47$'(6!804(=#$!5#!2148#!54(%!1}@8$4(>!8#!J7&!5@%'$&#(6#!1#!%2#8646#7$D!

! !" 3488'$5!47!B1'7!]!&1!%}4=&6!217%!5}7(!#BB#6!J7#!5}7(!$488'$5>!'(!6#$C&(#!1#!214(!a!24$!7(!B1'7!#6!

nY011"2/*6*.(%/2060();#*% '(! 8'CC#(8#! 1#! 214(! U! 24$! 7(! 476$#! B1'7! S%'7!B14%0cH48j>!B14%0cB'$>!#68D!O!T!

$#=4$5D! !" 3488'$5!24('$4C&J7#!]&1!#%6!#C21'9@!54(%!1#%!B&1C%!5}486&'(!2'7$!%'76#(&$!1#!$960C#D!G1!%}4=&6!

! 5#!6#$C&(#$!1#!214(!a!24$!7(!24('$4C&J7#!$42&5#!54(%!7(!%#(%!#6!5#!5@H76#$!1#!214(!U!%7&!#11#!5'&6!('6#$!6'76! 5#%%&(%!4(&C@%D!

8#! J7&! ! &#! &(&6&41#C#(6! 2$@!1#%!8'&BB7$#%>!1#%!2'%&6&'(%>!1#7$%!C'7!1#%!5@8'$%>!1#%!1?D! 214(%D!K#!B'(57!#(804p(@!#6!B'(57!47!('&$]!#(8'$#!5#%!#BB#6%!217%!J7#!5#%!$488'$5%>!1#!B'(57!

! #(804p(@! #%6! 7(! 6$784=#! '26&J7#! 2$'57&%4(6! 7(! 80#! =@(@$41#C#(6! 5#! 8'7$6#!

nY011"2/*6*.(%$"."2*% 57$@#>!5#!V!&C4=#%!8'(%@876&!84$!2#7!%'7! 1#%! &(6'(46&'(%>! H$7&6%! 5#! 1;#(! 5#%! !" "'1#6!(467$#1!]!8}#%6!1'$%J7#!1}'(!5@8&5#!5#!8'72#$!1#!214(!47!C'C#(6!'x!7(!2#$%'((4=#!'7!7(!

488#%%'&$#%!|||! 'HI#6!J7&!24%%#!5#!1}'H%6$7#!6'641#C#(6!S('&$TD!k(!$#2$#(5!#(%7&6#!1#!C'(64=#!%7$!

! 7(!476$#!214(!'x!1}'(!24%%#!57!('&$!M!1}&C4=#!24$!7(!#BB#6!5#!B'(57>!'7!7(!476$#!!'(!$@57&6!1#%!2#$6#%!5#!%8@(#%! 2'7$!&(6$'57&$#!1#!214(!%7&)$();#'$%

-&##+'0! 34$#C#(6!76&1&%@%>!%#71#C#(6!54(%!1#%!B&1C%!'x!7(#!466#(6&'(!6$:%!24$6&871&:$#!#%6!5'((@#!47!C'(64=#D!

! X'7!1;4(419%#!#%6!5@IM!2'%@#D!Q4(%!V++)!!k59%%@%!5#!1;#%248#>!7(!%&(=#!14(8#!

K#! $488'$5! 8'(%6&67#! 1;7(! 5#%! @1@C#(6%! #%%#(6
%! 5#! 14! C&%#! #(! %8:(#D! .;#%6! 7(! @1@C#(6! 1#! 217%! 7(! '%! 54(%! 1;4&$>! 5#%! C&11&#$%! 5;4((@#%! 217%! 64$5! 7(! 4%6$'(#B! B1'66#! 54(%! 1;#%248#D! k(! 5&%6&(=7#! 24$!

%'7!#6!'7!5#%!%'20&%6&J7@%!#(6$#!#7?D!Q4(%!Q$48714!5#!.'22'14!#(!)bbW!]!

!" Q&$#86&'((#1!]!1#%!@1@C#(6%!57!214(!J7&!=7&5#(6!1#%!9#7?!57!%2#8646#7$!!J7&!%'(6!2'7$!1#7$!

%4(%!J7#!14!84C@$4!(}4&#!804(=@!5}4?#>!8}#%6!M!5&$#!5}4(=1#!5#!2$&%#!5#!!4!1}&C4=#!8#14!5'((#!1}&C2$#%%&'(!5}7(!%476#>!#6!4!C'&(%!5#!$#80#$80#$!8#6!#BB#6>! I'(0)5$%]! &1! 9! 4! Z! $488'$5%! 7%7#1%! S! $488'$5! 5&$#86&'((#1>! C'7!1#!217%!%'7!$@2'(5!7(!214(!U!J7&!('7%!5@!J7&! !

(#!17&!#%6!24%!$@5786&H1#D! k(!$422#11#!J7#!1}#11&2%#!B4&6!24%%#$!&(%64(64(@C#(6!5}7(!2'&(6!57!6#C2%!M!7(!476$#>!%4(%!B4&$#!C#(6&'(!

!" 3488'$5!5#!C'7!=@(@$41#C#(6!466#(57%>!J7&!%#!%'(6!5@$'71@%!57$4(6!14!2@$&'5#!4&(%&!'C&%#>!C4&%!#(!

#6! J7#! 1}'(! $488'$5#! 47! 214(! %7&2:$1:$?@564$A61/B$1CD/6@E$$$$7$$$#)((($F@$>03G:$H2/$I06$$7$$J/@63:$ %&!!&'(()$ !!%$>2:$1:$?@564$A61/B$1CD/6@E$$$$7$$$#)((($F@$>03G:$H2/$I06$$7$$J/@63:$

$ +BK"J@L$M($')!$N%'$'ON$$$J/::PL$M$($#Q($RO'$RON$$SH!#(!84%!5}0@%&646&'(!]!

c!&1!!&1!!&1!%7BB&6!5#!1#!$#6&$#$!57!C'(64=#!#6!5#!!8}#%6!J7#!1#!214(!#%6!&(76&1#>!#6!J7#!1}'(!4!

H&#(!B4&6!5#!1}#(1#!7(#!H'((#!%'176&'(!

8'(%&%6#! M! 8'72#$! 1#! %'(! #6! 5#! !#(!$#6'7$!$42&5#>!'7!#(!$#6'7$!&C4=#!24$!&C4=#!2#$C#6!5#!5@8#1#$!217%!B48&1#C#(6!

7(#!•!B476#!5#!$488'$5!•D!

!

!

!

!

!









QO"##$ *+,-$./01234506$7$$56809:453;/01234506&302:$1:$?@564$A61/B$1CD/6@E$$$$7$$$#)((($F@$>03G:$H2/$I06$$7$$J/@63:$ %&!!&'(()$ !!%$>2:$1:$?@564$A61/B$1CD/6@E$$$$7$$$#)((($F@$>03G:$H2/$I06$$7$$J/@63:$

$ +BK"J@L$M($')!$N%'$'ON$$$J/::PL$M$($#Q($RO'$RON$$SH!1}4(419%#!%691&%6&J7#>!1}@675#!5#%!8'(6#?6#%D! "#$%&'(!+-*V++-!

! !

U%&.R),!01!'$#(*!;(.5(B1,!! !

! !

2'$6#!%7$!]! X'CC4&$#!

c!14!%6$7867$#!5$4C46&J7#!#6!%#%!#BB#6%!q! )D! l@(@$41&6@!%7$!1#!8&(@C4!5'87C#(64&$#!]!%'(!0&%6'&$#>!%#%!B'$C#%!

c!1#!6#C2%!]!6#C2%>!80$'('1'=&#>!57$@#>!!'$5$#>!!845$#!(467$#1!'7! WD! a76'7$!5#%!B&1C%!

5@8'$%!$@41&%@%!#(!%675&'>!#%248#%!5&7$(#%!'7!('867$(#%>!&(6@$$%!'7!#?6@$$%T!q! -D! R4&$#!7(!5'87C#(64&$#!

c!1#%!2#$%'((4=#%!]!84$486@$&%46&'(!S4%2#86!209%&J7#>!!!80'&?!5#!1}486#7$>!&(6#$2$@646&'(T>! ,D! K&#(%!&(6#$(#6!

$#146&'(%!#6!&(6#$486&'(%!#(6$#!1#%!2#$%'((4=#%!q! !

c!1#%!5&41'=7#%!q! !

c!1#%!B'$C#%!5}#?2$#%%&'(!@8$&6#!S6&6$#>!&(6#$6&6$#%>!%'7%c6&6$#%!'7!84$6'(%T!q! !80'&?!#6!(467$#!5#%!&(B'$C46&'(%T!q! !

c!5#%!%@J7#(8#%!81#B%!S=@(@$&J7#>!%@J7#(8#%!5}#?2'%&6&'(!#6!5#!8'(817%&'(>!2$#C&:$#!4224$&6&'(!5#%! K#!8&(@C4!5'87C#(64&$#!

2$'64='(&%6#%>!#68DTD! Q"Q!!.460#$&(#!l'72&1!

! .PQ/>!/4$&%>!V++Z!

U%&.R),!)*R.()*(B1,!! K#!5'87C#(6!8'7!L!1#!8&(@C4!5'87C#(64&$#!N>!5#%!#?6$4&6%!47%%&!('CH$#7?!J7#!

! 2'%%&H1#!5'((#(6!7(#!&5@#!C716&21#!5#!%'(!0&%6'&$#!5#27&%!1#%!'$&=&(#%!#6!2$'2'%#(6!47?!@1:!C'7!8'C2'%&6&'(>!17C&:$#>!8'71#7$%>!#68DT!q! Vb!•!

c!1#!C'(64=#!S4$6&87146&'(!5#%!214(%!#(6$#!#7?>!#(804p(#C#(6!5#%!%@J7#(8#%T!q! !

c!1}4$6&87146&'(!5#%!@1@C#(6%!%'('$#%!SH$7&6%>!24$'1#%>!C7%&J7#%T!q! Q4(%!1#!$@#1>!14!B&86&'(!

c!1#%!$#146&'(%!#(6$#!1}&C4=#!#6!1#!%'(!q! 1&!R$4(o'&%!P&(#9!

c!1#!I#7!5#%!486#7$%!q! l$'72#C#(6!(46&'(41!5#%!8&(@C4%!5#!$#80#$80#>!/4$&%>!)bb->!-)!24=#%!

c!1#!6'(!'7!1#!$#=&%6$#!S@2&J7#>!8'C&J7#>!6$4=&J7#>!#68DT!q! K4! H$'807$#>! @5&6@#! 24$! 1#! =$'72#C#(6! 5#%! 8&(@C4%! 5#! $#80#$80#>! C'(6$#! 8'CC#(6! 1#! 8&(@C4!

c!1#!=#($#>!5@B&(&!24$!J7#1J7#%!84$486:$#%!B'$C#1%!'7!60@C46&J7#%!0@$&6@%!5#!14!6$45&6&'(!Se#%6#$(>!B&1C! 5'87C#(64&$#>!422#1@!47%%&!8&(@C4!57!$@#1>!('7%!'BB$#!5#!=$4(5%!C'C#(6%!5#!B&86&'(D!

2'1&8&#$>!8'C@5&#!5$4C46&J7#>!8'C@5&#!C7%&841#>!B4(64%6&J7#!#68DTD! !

! Q'87C#(64&$#%!4C@$&84&(%!8'(6#C2'$4&(%!

J*10,!0,)!#+%*,W*,)!! 1&!X91!/4$&%>!V++)>!W+`!24=#%!

57!B&1C!#6!5#!1}&(6#$6#?6741&6@>!6'7I'7$%!#(!4227&!M!1}4(419%#>!%}&(6@$#%%#!M!]! K#! 5'87C#(64&$#! 4C@$&84&(! 8&$871#! 47%%&! H&#(! M! 14! 6@1@!$#2$&%!#6!

c!14!%&6746&'(!57!B&1C!54(%!1}0&%6'&$#!57!8&(@C4!S8'7$4(6%>!=#($#%>!@8'1#%T!q! C'5&B&@>!24$B'&%!$#I#6@D!a!1#%!4((@#%!)bb+!C4$J7#(6!1}#(6$@#!

c!1#!8'(6#?6#!0&%6'$&J7#!5#!14!$@41&%46&'(!#6!5#!14!5&BB7%&'(!57!B&1C!q! 54(%! 1#! 804C2! 8'CC#$8&41! 5}7(! =#($#! 6$45&6&'((#11#C#(6! 2#$o7! 54(%! %4! 5&C#(%&'(! @57846&! 2&867$41#%>! C7%&841#%! '7! 8&!#6!1#!$422'$6!47!5'87C#(6!B&1C@!4!804(=@D!

8&(@C46'=$420&J7#%!q! !

c! 14! =#(:%#! 57! B&1C>! 1#%! @642#%! 5#! %4! B4H$&846&'(! S%9('2%&%>! %8@(4$&'>! 5#%%&(%! '7! C4J7#66#%! R&1C#$!1#!$@#1!]!$#%%'7$8#%!%7$!1#!8&(@C4!5'87C#(64&$#!

2$@24$46'&$#%>!20'6'=$420&#%!5#!6'7$(4=#>!6@C'&=(4=#%!5#%!8'114H'$46#7$%>!#68DT!q! 1&!"@$'(&J7#!3'%%&=('1!

c!14!$@8#26&'(!57!B&1C!S$@486&'(%!57!27H1&8!#6!5#!14!8$&6&J7#!47!B&1!5#%!4((@#%TD! U&H1&'60:J7#!57!B&1C>!/4$&%>!V++V>!)`W!24=#%!

K}4542646&'(! 8&(@C46'=$420&J7#! 5}7(#!v7!1#%!1?!#6!1#%!=$'72#%!5#!!

8'C24$#$!1#%!C'5#%!5}#?2$#%%&'(!$#%2#86&B%!5#!8#%!5#7?!B'$C#%!4$6&%6&J7#%D!K#!2$'B#%%#7$!5@6#$C&(#! 1}'7!#(!%@4(8#%!416#$(@#%! 80$'('1'=&J7#%>! 5#%! 5@B&(&6&'(%! 5#%! 5&BB@$#(6%! =#($#%! #6! 8'7$4(6%>! 5#%! B&80#%! H&'=$420&J7#%! 5#!

'7! 57$4(6! 7(#!CFC#!%@4(8#>!M!8#7?!J7&!%'(6!%2@8&B&J7#%!5#!1}v7! M! 2$'2'%! 5#! !

1}'$=4(&%46&'(! 5#%! 7(&6@%! (4$$46&! 57! 6$4&6#C#(6!5#%!2#$%'((4=#%>!5#%!5#%8$&26&'(%>!5#%!2'&(6%!5#! K#!5'87C#(64&$#!]!1}476$#!B48#!57!8&(@C4!

!5#!1}#?2$#%%&'(!57!6#C2%>!#68D! 1&!m#4(!U$#%804(5!

! .PQ/*.40&#$%!57!8&(@C4>!/4$&%>!V++V>!b,!24=#%!

! K}476#7$!%}&(6#$$'=#!%7$!1}&5#(6&6@!#6!14!5@B&(&6&'(!57!B&1C!5'87C#(64&$#D!a2$:%!4! 1}476#7$!

#!"##$ *+,-$./01234506$7$$56809:453;/01234506&302:$1:$?@564$A61/B$1CD/6@E$$$$7$$$#)((($F@$>03G:$H2/$I06$$7$$J/@63:$ %&!!&'(()$ !!%$>2:$1:$?@564$A61/B$1CD/6@E$$$$7$$$#)((($F@$>03G:$H2/$I06$$7$$J/@63:$

$ +BK"J@L$M($')!$N%'$'ON$$$J/::PL$M$($#Q($RO'$RON$$SH! H#478'72! %'(6! 2$'=$4CC@%! M! 14! 6@1@b-!•! /'%&6&B!WW-!

! $#!)bb`!

1&!l79!l4760&#$>!/0&1&22#!/&14$5>!X&C'(#!X780#6! Q'%%&#$!]!/$@%#(8#!57!5'87C#(64&$#!S)T!

"KU>!/4$&%>!V++Z>!V))!24=#%! !

K#%! 476#7$%! ('7%! 2$@%#(6#(6! 1#%! 2$#C&#$%! $@41&%46#7$%! 5#! 8#! J7}'(! 4! 422#1@! 1#! 8&(@C4c! .0$&%! _4$j#$>! /&#$$#! /#$$4716>! 1#%! B$:$#%! _491#%>! R$#5#$&8! ‚&%#C4(! 5'(6! 1#%! 2$46&J7#%>! $#!H$'7&114&#(6!1#%!B$'(6&:$#%!#(6$#!B&86&'(!#6!5'87C#(64&$#!#6!%7%8&64&#(6!5#! /'%&6&B>!)bb`!

('CH$#7?!5@H46%D! Q'%%&#$!]!/$@%#(8#!57!5'87C#(64&$#!SVT!

! !

K#!5'87C#(64&$#!7(!476$#!8&(@C4! /'%&6&B!W`)!

1&!l79!l4760&#$! $#!/4$&%>!)bb-! /'%&6&B>!V++)!

K4! J7#%6&'(! #%%#(6#! 5#! 14! $#146&'(! 47! 27H1&8! #%6! 14! H4%#! 5#%! $@B1#?&'(%! 5#! 1}'7! 5#%! 6#?6#%! 60@'$&J7#%! 5}476#7$%>! 1#%! B&1C'=$420&#%! 8'CC#(6@#%! 5#! !5#%!&(5#?!8'C21:6#(6!1}'7!V++V!

! Q'%%&#$!]!_4$8#1!k2071%!

K#!5'87C#(64&$#>!8&(@C4!#6!6@1@!$@41&%46&'(>!2$'5786&'(>!5&BB7%&'(>!B'$C46&'(! !

1&!Q&5&#$!_47$'! /'%&6&B!-+\!

Q&?&6>!/4$&%>!V++Z>!Z+W!24=#%! $#!1}'7!5#%6&(@!M!6'7%!8#7?!J7&!!V++Z!

@8$&$#>!2$'57&$#>!$@41&%#$!#6!5&BB7%#$!5#%!5'87C#(64&$#%D!G1!5'((#!5#%!@1@C#(6%!5#!C@60'5#>!B4&6!7(!@646! Q'%%&#$!]!X&6746&'(%!5'87C#(64&$#%!

5#%!1?!#6!&(5&J7#!5#%!8'(6486%!B48&1&64(6!14!C&%#!#(!v73!D,)!0+#15,%*&'()*,)!

! !

Y(!8&(@C4!5#!('(cB&86&'(!]!1#!5'87C#(64&$#!814%%&J7#!M!1}@2$#7!‚&11&4C!l79((! 1&!U4C8045#!/'7$!P&8#>!V++)>!V-\!24=#%! X8@$@(>!/4$&%>!V++Z>!b,!24=#%!

k7!2$'2$#!47!5'87C#(64&$#>!#%6!47%%&! .0$&%!_4$j#$!(}#%6!24%!7(!8&(@4%6#!47!%#(%!8'7$4(6!57!6#$C#D!G1!#%6!47%%&!7(!@6'((4(6!!7(!

4=#(8@! J7#! 8#17&! 5#! 14! B&86&'(! 47J7#1! &1! #C2$7(6#! 7(#! =$4(5#! 24$6&#! 5#! %#%! B&=7$#%>! 1#%! 476$#%! 20'6'=$420#! #6! 7(! @8$&! 7(! 4$6&%6#! !8'CC#!1#!I'7$(41&%C#D! 1}7(#!5#%!B&=7$#%!J7&!'(6!C4$J7@!1#!8&(@C4!5#!14!5#7?&:C#!C'&6&@!57!nn#!%&:81#D!G1!%}&(%8$&6!6'76!5}4H'$5!

! 54(%! 1#! $#('7! L! 1}@8'1#! B$4(o4&%#! 57! 8'7$6! C@6$4=#! N>! 47?!

.40&#$%!57!8&(@C4!-\Z!c!('!a=(:%!"4$54!#6!a$C4(5!l466&!4!m71B#!.#$B>!k1&!.04$1#%![#%%'(! R4(6fC4%>! 57! .7&$4%%@! /'6#Cj&(#! #6! 5#! "#$6&='>! 1}v7!/4$&%>!V++V>!+b!24=#%! ƒ@$&6&#$!57!8&(@C4!814%%&J7#>!&1!24$6&8&2#!54(%!1#%!4((@#%!)b,+!M!1}#BB#$! &1! 2'7$%7&6! %'(! 2$'I#6! 5#! B&1C#$! 1#! C'(5#! ]! .0&(#>!

_''$#D!/4('$4C4!5#%!B&1C%!5'87C#(64&$#%!494(6!$#C2'$6@!7(!=$'%!%788:%!5#27&%!)b-+D! X&H@$&#>!G%$4”1>!.7H4>!.0&1&>!m42'(DDD!#6!6'7I'7$%!/4$&%D!.}#%6!#(!)b,V!J7}&1!$@41&%#!M!14!B'&%!%'(!2$#C&#$!

! #6! 7(&J7#! B&1C! 5#! B&86&'(>! K4! m#6@#>! #6! %'(! 2$#C&#$! 1'(=! C@6$4=#! 5'87C#(64&$#>! K#! m'1&! _4&D! E(!

.40&#$%!57!8&(@C4!-bW!c!'86'H$#!V++W!SQ'%%&#$!]!$@#1>!1}4$5#7$!5'87C#(64&$#T! 45I'&=(4(6!M!1}4(419%#!422$'B'(5&#!5#!8#%!5#7?!B&1C%!8#11#!5#!K#!R'(5!5#!1}4&$!#%6!$'7=#>!$@41&%@!J7&(A#!

$#! #6! 5#! X4(%! %'1#&1>! ! 1}476#7$! 5#! 8#6! '7!/4$&%>!V++W>!VW!24=#%! 8'0@$#(8#!2$'B'(5#!5}7(#!v7!C4=(@6&J7#>!4$=#(6&J7#>!(7C@$&J7#D!/'7$!%#%!4C&%>!

5'87C#(64&$#! %7$! =$4(5! @8$4(D! K#%! 840&#$%! 8'(%48$#(6! 8#6! &C2'$64(6! 5'%%&#$! 47! 20@('C:(#! #(! 8'CC#!a14&(!3#%(4&%>!ƒ#($&!_&8047?>!/471!/4!.0$&%!_4$j#$!2$@B&=7$#!L!1}0'CC#!57!nnG#!%&:81#!

6#(64(6!5#!$@2'(5$#!M!14!J7#%6&'(!]!1#!5'87C#(64&$#!2#76c&1!%}&(b-!•!

.&(@Ca86&'(!+\,!]!1#!8&(@C4!L!5&$#86!N! !

$#!3#(@!/$@541! .&(@Ca86&'(!+`)!]!m#4(!3'780!'7!1#!8&(@c214&%&$!

.'$1#6*[@1@$4C4>!.'(5@c%7$cP'&$#47>!)bb->!V),!24=#%! $#!3#(@!/$@541!

.#!!8&(@C4!57!$@#1!47!C&1!5#%! .'$1#6*[@1@$4C4>!.'(5@c%7$cP'&$#47>!)bb,>!VZ`!24=#%!

4((@#%!)bb+D!.'CC#!M!14!217%!H#11#!@2'J7#!57!8&(@C4!! K}v7! 8&(@4%6#! #60('1'=7#! '7! #60('1'=7#! 8&(@4%6#>! #%6! @C4&11@#! 5#! 2#$2@67#1%!

411#$%!#6!$#6'7$%>!M!1}&C4=#!5#!8#7?!J7}&1!B&6!#(6$#!14!R$4(8#!#6!1}aB$&J7#D!

#R"##$ *+,-$./01234506$7$$56809:453;/01234506&302:$1:$?@564$A61/B$1CD/6@E$$$$7$$$#)((($F@$>03G:$H2/$I06$$7$$J/@63:$ %&!!&'(()$ !!%$>2:$1:$?@564$A61/B$1CD/6@E$$$$7$$$#)((($F@$>03G:$H2/$I06$$7$$J/@63:$

$ +BK"J@L$M($')!$N%'$'ON$$$J/::PL$M$($#Q($RO'$RON$$SH!/&#$$#!Q721#%%&%! “!2$'2'%!5#DDD!U'e1&(=!B'$!.'17CH&(#!

a$5:80#!GC4=#%!/$'5786&'(>!K7%%4%>!)bbV! 8@5@$'C!/.>!m#4(cK78!X&C#$#9>!–$&8!U$#6'(!

a=(:%!"4$54>!m#4(cK'7&%!.'C'11&>!3&804$5!Q&(5'>!3'H#$6!d$4C#$>!m#4(c/&#$$#!U#47$#(476!24$1#(6!5#! .3Q/!5#!/$'!P&8#>!

1#7$! 6$4!2$&?!–57846&'(!(46&'(41#!57!R#%6&!.@%4$!57!C#&11#7$!B&1C!@6$4(=#$!#(!V++Z!

! #6!('C&(@!M!%#26!$#2$&%#%!2'7$!1#%!k%84$%!V++ZD!G1!2$'2'%#!7(#!&(6#$! $@41&%@#! 47! C'C#(6! 57! B#%6&! #6! 6$'&%! #?6$4&6%! 57! B&1CD! E(! '76$#>! 7(! #(%#CH1#! 5#!

! B&80#%! 2$@%#(6#! 5&BB@$#(6#%! 1#867$#%! #6! 2$'2'%&6&'(%! 5}#?21'&646&'(! 2@54='=&J7#D! 3@41&%@#%! 24$! 5#%!

K#%!l14(#7$%!#6!14!=14(#7%#! 2$'B#%%#7$%!5#%!5&%8&21&(#%!8'(8#$(@#%!'7!24$!5#%!%2@8&41&%6#%!5#%!5'C4&(#%!87167$#1%!5#!$@B@$#(8#>!

Q"Q!!a=(:%!"4$54! #11#%! %'(6! 1&%&H1#%! M! 1;@8$4(! C4&%! 47%%&! &C2$&C4H1#%D! E(B&(>! 7(#! %@1#86&'(!5}4$6&81#%!5#!2$#%%#!2#$C#6!

.PQ/*.&(@![4C4$&%>!/4$&%>!V++V! 7(#!422$'80#!8$&6&J7#!57!B&1CD!

K#!B&1C>!5#!\`!C&(76#%>!5@8'72@!#(!J74$4(6#!#6!7(!8042&6$#%!J7&!2#$C#66#(6!M!8#7?!J7&!1#!5@%&$#(6!5#! +,+.Q++Z!

!8#17&!5#%!5@80#6%! )-!•!

#6! 57! =€80&%D! G1! C'(6$#! 4!P&8#>!V++Z!

Q"Q!!G%4H#11#!U'(9! .'(o7!#6!$@41&%@!24$!7(#!@J7&2#!217$&5&%8&21&(4&$#!5}#(%#&=(4(6%>!5#!24$6#(4&$#%!87167$#1%>!5#!8$&6&J7#%!

.PQ/>!/4$&%>!V++Z! %2@8&41&%@%>!8#!8@5@$'C!2$'2'%#!5#%!@1@C#(6%!5}&(B'$C46&'(!%7$!1}476#7$!#6!%7$!1#!B&1C>!7(!5@8'724=#!

Y(#!C&%#!#(!$#146&'(!5#!B$4=C#(6%!80'&%&%!54(%!!5#!6$'&%! %@J7#(6
>! 7(#! &(6#$! 5#%! B&80#%! 60@C46&J7#%! %7$! 1#%! =$4(5#%!

!5#%!2$'1'(=#C#(6%!2@54='=&J7#%!]!2&%6#%!5#!$#80#$80#!4$6&%6&J7#!#6!87167$#11#>!

C'5#$(#%>!&1!4!%#CH1@!&(6@$#%%4(6!#6!76&1#!5#!1#%!B4&$#!$@B1@80&$!%7$!1#!C'(5#!57!6$4!C'(5#!J7&!6'76! 2&%6#%!5}#?#$8&8#%!2$46&J7#%>!7(!1#?&J7#>!7(#!#(%#CH1#!H&H1&'cB&1C'ce#H'=$420&J7#D!

M! 14! B'&%! 1#%! B4%8&(#! #6! 1#%! &(J7&:6#D! /176f6! J7;7(! B&1C! 8'CC#(6@! #6! 27&%J7#! 1#! Q"Q! 1#! 2#$C#6>! '(! 4! .#! 8@5@$'C! $#(! 5#%! 214(%>! 5#%! %@J7#(8#%! #6! 8'C2$#(5! 14! H4(5#!

&C4=&(@!5#!C#66$#!#(!$#146&'(!5#%!#?6$4&6%!5#!B&1C%!6$4&64(6!57!6$4!'(!4!76&1&%@!1;&(6#$486&!27&%!J7#%6&'((#!('6$#!!('6$#!6#C2%>!('6$#!C'(5#D!

\--U+-,V! +,+.Q++-!

Vb!•! )-!•!

! !

/#6&6!M!2#6&6>!1#!8&(@C4!S)T! Q'%%&#$!.P.!+W,!]!a7!%75!57!X75!

Q"Q!!5'87C#(6!8'11#86&B! 1&!m48J7#%!l$4(6!

.PQ/!SXP/a"T!>!/4$&%>!V++V! .P.>!/4$&%>!>!VW!24=#%!

.#!Q"Qc! Q'%%&#$! 5}488'C24=(#C#(6! 57! B&1C! 5#! K47$#(6! .0#! %@1#86&'(! .'11:=#! 47!

8'CC#!4764(6!5}@804(6&11'(%!5#!8&(@C4D!Q#!C716&21#%!C'5#%!5}488:%!2#$C#66#(6!7(#!1#867$#!8$'&%@#! 8&(@C4D! X9('2%&%>! 422$'80#%! 57! B&1C! #6! 57! $@41&%46#7$>! 4(419%#! 5#! %@J7#(8#%>! 2&%6#%! 5}#?21'&646&'(!

5#! 80487(! 5#! 8#%! B$4=C#(6%! 2'7$! 4H'$5#$! #(! 814%%#! 1}@8$&67$#! 8&(@C46'=$420&J7#! 54(%! %'(! #(6&#$D! 2@54='=&J7#D!

Y(#!2$'=$4CC46&'(!#%6!8'(%48$@#!47!8&$J7#!]!a7!04%4$5!U41604A4$!5#!3'H#$6!U$#%%'(>!K#!8&$J7#!5#! !

.04$19! .0421&(>! K#! 8&$J7#! 5#! .415#$! 5#! .4$1'%! "&14$5#H'>! K#! 8&$J7#! I'9#7?! 5#! m&$&! [$(j4>! "7#%! 5#%! Q'%%&#$!.P.!+\b!]!K#!$#=4$5!5#%!476$#%!

I#7(#%!K7C&:$#%!S1;@8'1#!57!8&$J7#T!5#!P46041&#!U'7$=#'&%>!P'6#%!'(!60#!8&$87%!5#!m'(4%!_#j4%D! 1&!X6@204(#!_414(5$&(>!.0$&%6'20#!.047!/4$&%>!V++)>!VW!24=#%!

! Q'%%&#$! 5}488'C24=(#C#(6! 57! 2$'=$4CC#! 5#! 8'7$6%cC@6$4=#%! L! K#! $#=4$5! 5#%! 476$#%! N>! %@1#86&'(!

y442'!]!7(!27&6%!2'7$!d'7CH@!#6!l7@(@H4(4! .'11:=#!47!8&(@C4D!X9('2%&%>!422$'80#%!5#%!B&1C%!#6!5#%!$@41&%46#7$%>!4(419%#!5#!%@J7#(8#%>!2&%6#%!

Q"Q!!m'%@!a&('7A! 5}#?21'&646&'(!2@54='=&J7#D!

K4!_@5&460:J7#!5#%![$'&%!_'(5#%>!/4$&%>!V++Z! !

y442'>!8}#%6!1}0&%6'&$#!5}7(!27&6%!8$#7%@!#(!249%!Q'='(>!47!8v7$!57!_41&D!.}#%6!1}0&%6'&$#!5#!_'7%%4>!1#! Q'%%&#$!.P.!+bZ!]!7(!4(&C41>!5#%!4(&C47?!

27&%46&#$>!#6!5#!%#%!'7!8#(6&C:6$#!24$!8#(6&C:6$#>!M!14!59(4C&6#!#6!47!C4$6#47!2&J7#7$>!!ECC4(7#1!U7$5#47>![0&#$$9!K'7(4%!

466#&(5$#! 14! 2$@8%#! $@%#$! 47! 2$&?! 5}#BB'$6%! .P.>!/4$&%>!)bb`>!VW!24=#%!

%7$07C4&(%D! E(! B&1C4(6! 14! $#%647$46&'(! 5#! 14! =41#$&#! 5#! A''1'=&#! 57! _7%@7C! 5}0&%6'&$#! (467$#11#>! P&8'14%!/0&1&H#$6!

! B4&6! #(! %'$6#! J7#! 8#%! 4(&C47?! J7&! 4%%&%6#(6! 5#! C4(&:$#! C7#66#! #6! 7(! 2#7! 4C7%@#! M! 1#7$! 2$'2$#!

Y(!4(&C41>!5#%!4(&C47?! $#%647$46&'(!('7%!J7#%6&'((#(6D!K#!5'%%&#$!2#$C#6!1}#?21'&646&'(!2@54='=&J7#!57!B&1CD!

!P&8'14%!/0&1&H#$6! !

_'(624$(4%%#!C716&C@5&4>!/4$&%>!)bb-! Q'%%&#$!.P.!)+,!]!_&8$'8'%C'%!

['7$(@!47!8'7$%!5#!14!$@('!1#!B&1C!$48'(6#!14!$#C&%#!#(!@646!5#%! 1&!K78!U'%%&!

2#(%&'((4&$#%!5#!14!=41#$&#!5#!A''1'=&#>!5#%!8#(64&(#%!5#!C&11&#$%!5}4(&C47?!(467$41&%@%D! .P.>!/4$&%>!V+++>!VW!24=#%!

!



#)"##$ *+,-$./01234506$7$$56809:453;/01234506&302:$1:$?@564$A61/B$1CD/6@E$$$$7$$$#)((($F@$>03G:$H2/$I06$$7$$J/@63:$ %&!!&'(()$ !!%$>2:$1:$?@564$A61/B$1CD/6@E$$$$7$$$#)((($F@$>03G:$H2/$I06$$7$$J/@63:$

$ +BK"J@L$M($')!$N%'$'ON$$$J/::PL$M$($#Q($RO'$RON$$SH!%@1#86&'(! !

.'11:=#! 47! 8&(@C4D! X9('2%&%>! 4(419%#! 5#! %@J7#(8#%>! 422$'80#%! 57! B&1C>! 2&%6#%! 5}#?21'&646&'(! [#(!~!X8@(4$&'!

2@54='=&J7#D! /#6&6#!H&H1&'60:J7#!5#%!840&#$%!57!8&(#C4!

! !

!

!

C3!\&(',!1%!0+#15,%*&(',!

G3!D(,%)!(%*,'%,*!

! !

k76&1%! 2'7$! 14! 6@1@8'(%71646&'(! #6! 14! 5&%6$&H76&'(! %7$! $@%#47! 5#! 5'87C#(6%! 475&'![0'C4%!"&(6#$H#$=T!

ZD!X9%6:C#%!5#!8'C2$#%%&'(! !

X'(%!~!GC4=#%!B&?#%!~!GC4=#%!"&5@'! !" 0662]**eeeD&(=#($57%'(D8'C!

_4$%!)bb`!~!R$@5@$&8!U#$6$4(5>!a((#!l'7$5'(>!m#4(!P'#1!l'79#6>!R$4(8&%!_40! !

E5&6&'(!GPa!~!E675#!2'7$!14!$#80#$80@!i!1;&(=@($!! !" 0662]**eeeD2#$80C4(D8'C!

! !

X4!E5&6&'(!Q7('5! !

! !

K#!K4(=4=#!.&(@C46'=$420&J7#! !

_4$8#1!_4$6&(!S\a$6>!.#$BT! !

! !

h7;#%6c8#!J7#!1#!8&(@C4!^!! !

a(5$@!U4A&(!S\a$6>!.#$BT! !

!

E8$&$#!7(!8'7$6!_@6$4=#!

m#4(!_4$8!375(&8j&!SQ&?&6T!

!

/$'57&$#!5#%!8'7$6%!C@6$4=#%!

8'11#86&'(!6'7$(4=#!

!

R4&$#!%'(!2$#C&#$!B&1C!

E5&6&'(!Q&?&6!

!

K#%!2$'5786#7$%!+-!

E5&6&'(!Q&?&6!

!

_/lElV!

E5&6&'(!_&8$'!a221&846&'(!

!

"&5@'!P7C@$&J7#!

E5&6&'(!Q7('5!

!

K'%6!ƒ&=0e49!~X8@(4$&'!

/#6&6#!H&H1&'60:J7#!5#%!840&#$%!57!8&(#C4!

!

[0#!H&=!K#H'e%j9!~!X8@(4$&'!

/#6&6#!H&H1&'60:J7#!5#%!840&#$%!57!8&(#C4!

#Q"##$ *+,-$./01234506$7$$56809:453;/01234506&302:$1:$?@564$A61/B$1CD/6@E$$$$7$$$#)((($F@$>03G:$H2/$I06$$7$$J/@63:$ %&!!&'(()$ !!%$>2:$1:$?@564$A61/B$1CD/6@E$$$$7$$$#)((($F@$>03G:$H2/$I06$$7$$J/@63:$

$ +BK"J@L$M($')!$N%'$'ON$$$J/::PL$M$($#Q($RO'$RON$$SH<$M$($%O#$N''$RO!$ $ $ +BK"J@L$M($')!$N%'$'ON$$$J/::PL$M$($#Q($RO'$RON$$SH<$M$($%O#$N''$RO!$ $



$ $