7FUSOSU7(N@-	I(V7
 N@U[1_],?Bn<XA\NK_@6l_/3TVO<3^O@XnOJNFISRAC^C\]@_WZOVPJC_I CD[F@_@\@UHSSW[VA\ANLWXXNXHCCGBDXRXWB\\[[RSSNNI^ARBVX]T@@AC[L_V NV[RSSH3BZI@TNE
,HZF@]\NR[V@ZI[\EQIXDMY\IAR 	AYHZK@SS3ZIFXTKARPAC\_N@ZOVRVQAQNQQVO	<
[VB@S
]J\\RKQ_IT2JAYS@Q]AR_jV^TNXQW; 	^UCSOASLT__^ZVQFJ^N]AZTBAOA SX_^DO	nKOJ^\GHOA 	B@TKJAICXJRVUBUA3LVDOXIQZCEJHX
	<		@NKREY]\Z%GDIV3 Q[VC@SY\NXHBD\_VNVAJSVZ@@Q YERY[NXT 7]NMMRRO[ ]]XANQNXHXNMJVOA=QER[@@QQBDX\XAR	
 <	B@TDO]RJK,_QNF	&^QVANLC	SXIAZCDDF
	UCURPLYE@SCOVVL_QW%		F[YWRH@QPTJW\NXDFJ^JAR	[YPVUNjOVTVQIVYTJUR@N 3]]X@@KCCSnGEJ^O

< ^SX^E BQQ KMZQVO AYVKT@XANLY @@GBG/RAYM]B@SY^NXJ_QPVXW@@NAYJY_N@7@@E_IXVRFK]@TN[[3PTJW\VQB[K+\TXWN	 &
PLWDOZIEPPO]\NACYB]C[YEQI__V3 R[VG]@NLC	QXICG_RV\[[[V@Y]@	G3QI]QF@OA\\O[OA
=L^NXJ_I CDP;N^RVU,ER]@@TBVRUCUGY@U	NIYGPZQDO IGGDF	&]QVES_E @QQ_V^NMIOAQVBWB %IEXJOJN]GI[AO[	
j	QXICQEXTB2D^NMA	.EZOVRVQ
]YF@\IX\GUA	NKWZ TP^@@]QN\VVO

< ]SXZVDOXIDDF	E[YSO[	SX] KJ
,UQN^HXNVUHSS[[@Q	V7@QQXJUJ]A3]AIAY[	
j	PXICG\RV_CKSWO[LT^Z[UB@_I]XWAZ\[[3PVJW^RJB_IGIOJ\@U^QVANLPOV[O_QC;	RV][[
ACNB\ASLE
,H[F@]@NFISR<HZBNKLP%
TAVRTVO RAYJXFXANLE@@@DZGAPHX	[YRUH@Q	V7BQQCDYHX JAYSUNER]@@IJADF(AYH@Q@TVX]]@VQW; 	_UCSO[]C\@=_UJW@R+
BNVGUA]SX]__[@@
CQN[SO^A__[[ QV@T\E
,HYF@_@\][[	@NKRB	HQI[QXWIY@U	3SX_E	NXXBC[ QXJ(JNI\NLWX\3SL@QQJQ3	QAC\_N@YOVQOABYQRV_@@S[SA@Q YER\ZQVQW; 	]UCQSSH@QPTJW\NXDFJ^JAR	[YZVUNjOVSVQIVYTJ\R@N 3]]X@@KCCZnBB\F@R	
 <	C@TKJBI@A]PBAR AYJTATEZ]EQIZGXJ(HNI^AR_E @QQ_V^NMIOAQVHWB %IBXJOJN]GIRAO[	
j	QXICQEXTK2AZYUCA
=L_NXJ_QPUXWCYTOMOASX]Q^\YZVQGJ^K[E@N 3_]Z]\SVQ
][F@]\NQ[VC@SEERTYNXD+ XWA@NAYAH\C]SNLP%
T@VRTAR]\GH<RUONISS3YIDDF	F[YPUK^C@SBOVQCC@S@XJ NMHUUO[	
j	SXIA[BXJ	_UCSOAPLWDO	
QIR_V 3[YRO[NK@_WYO@@R+
CNVGOARI\B3@TY]O	nHOJ\@U]QVBT[ QDOI@M\UO]H@N[VBZFNLP%
TBVRVJ]A@NJNI\]@T^@@C_ITJ^CX\N<QV@NL\JWNSJCBIQ3	PAC\@SS^R7\][XIIT2KAYSUNERTZTLC_IAXWB_^FMT[O[ LVYT@@R+
ANVFIS[O[ ]]XANQNXHXNMNSOA=QERX@@QQBDXQXAR	
 <	B@TDO]RJF,Z KVRX
	<		ANKRB	KQIRF@XHX	[YQQ@^D[BNLY @@BBSQ3	RAC]C\INLC	QXICG_RV\[[[VD\]@	G3QI^QF@OA\\B[OA
=L^NXJ_I CD];K\ANV[3PUJW\NXDEJ^BZG\\[[QVCRW_[U@@]QNYUKAR	
 <	@@TWXU@@T@VRTVO QAYI@Q		LPXANnJ^OARUCARSIYQ@SS3XIDHX\@\Y(HRSACQ	V7AQQ_V]NMAUV[I@QGER_\TIB@XQRV]FIOA
=L\NXKCCSQ	CNVGUA^SX^E@@DCG
2NMLOA
NIN@R^ EDO	nIOJ\[[RSSL3B]B@TNE
,HZF@]\NR[VKUHV^EQIY GMZPBAR 	AYH]@@SS3ZIEXTBARPAC\_N@ZOVRVQAQN_TVO	<
[VF@S
]J\\ROQ_IT2JAYS@Q]AR[jVY_NXQW; 	^UCSOASL_PU^RVQFJ^H\B\YCJOA SX_UDO	nKOJ]\GAOA 	B@TKJAICXJRV[GUA3LRDOXIQZCAJHX
	<		@NKREY]\W%BB^IJ(KNI\]@T]@@JAZ	CXJNMKQSUOYK@SCOVSKF_IT2HAYRI\K@SY^NXJ_QPVXW@@NAYN\_N@7@@F_IXVRFK]@YN[[3PTJW\VQB[F+YUNOJN 3\]XAN QNQUJ[@@N[VA]FUW TDO IBE\HX
	<		BNKS^_DOXIDDF	E[YSO[	SXYKJ
,UQN]HXNVUHSSV[@Q	V7@QQXJUJ]E3]FNAY[	
j	PXICG\RVUCMQSO[LUZ[XRLK_I]XWA][[[3PVJW]RJK_IGIOJ\@U^QVANLPOVUJ_QC;	RVY[[
ACNB\AWLE
,H[F@]@NFISV<H]ENKLP%
TAVRTVO RAY@_@\ANLE@@AAX@B[HX	[YRRO@Q	V7BQQ CDPHX JAYSUNER]@@IDDDF(AYL@Q@TVX]Y@VQW; 	_UCSO[]C\I=ZERNE, _RV\[[	BNKP\U]ANIB^PLUF@N[VGU]@S=
 QN\UKARPAC\_N@ZOVRVQAQN[QVO	<
[VE@S
]J\\RBQ_IT2JAYS@Q]AR[jUX]NXQW; 	^UCSOASLUY_YZJ_Q^F@XBU^CKPOA		@TWXANE, \RV]GI[OAQLWDOYIDDF NVGUA3LRDOXIQZCAJHX
	<		@NKREY]\P%BCRIJ(KNI\]@T]@@BJ^GXJNMKSPUK^A@SCOVSJJ_IT2HAYQI\A@SY^NXJ_QPVXW@@NAYOY_N@7@@A_IXVRFK]@^N[[3PTJW\VQB[A+YTBOJN 3\]XAN QNY]I_D@N[VA\A[]VDO IBDPHX
	<		BNKP^UDOXIDDF	E[YSO[	SXX KJ
,UQNZHXNVUHSSQ[@Q	V7@QQXJUJ]B3]GLAY[	
j	PXICG\RV]OOSWO[LVQ_TWMK_I]XWA\Y[[3PVJW^RJA_IGIOJ\@U^QVANLPOVTO_QC;	RV^[[
ACNB\APLE
,H[F@]@NFISQ<H\GNKLP%
TAVRTVO RAYHT@ZENLE@@BJ[ EB_HX	[YRSM@Q	V7BQQCDZHX JAYSUNER]@@IEADF(AYK@Q@TVX]^@VQW; 	_UCSO[]C\C=_PJW@R+
BNVGUA]SX_WPY@@
CQNY]B_D\\[[ QV@RYE
,HYF@_@\^[[	@NKRB	HQI[QXWFY@U	3SX\E	NXXBC[QXJ(JNI\NLWX_3SJEQQJQ3	QAC\_N@YOVSBKG_QRV]NLVW[@@Q YER\\TVQW; 	]UCQSSK@QPTJW\NXDFJ^JAR	[YUVUNjOVPVQIVYTJ_R@N 3]]X@@KCCYnBDYF@R	
 <	C@TKJBIBC^PNAR AYHTA\HQZEQIZBXJ(HNI^AR\E @QQ_V^NMIOAQVGWB %IAXJOJN]GIQAO[	
j	QXICQEXTH2A\\UCA
=L_NXJ_QPUXWA[XGMOASX_^\]^QVQGJ^K]@@N 3_]Z]\PVQ
][F@]\NQ[VC@SEER[YNXD+ XWB@NAYAH\C^SNLP%
T@VRTAR]\GK<RSJNISS3YIDDF	F[YR[H^G@SBOVSBDG\EXJ NMHSPO[	
j	SXIA[AXJ	_UCSOAPLWDO	
QI]_V 3[YQO[NK@_WZO@@R+
CNVGOARI\A3@R\]O	nHOJ\@U]QV@UVSDOIBL\SBYE@N[VB\CNLP%
TBVRVJ]B@NJNI\]@T^@@C_ITJ^LX\N<QVCNL\JWNSJCAIQ3	PAC\@SS^P7\ZZXIIT2KAYSUNER\]WKCCGOJ_U@@R[PUN	]Y[TNXT 7]NMLRRO[ ]]XANQNXHXNM@VOA=QER[@@QQBDXSXAR	
 <	B@TDO]RJD,ZJVRX
	<		ANKRB	KQIZ EE]TVO AYWI]ETDZB	XIB]_V3 R[VF]@NLC	QXICG_RV\[[[VJY]@	G3QI]QF@OA\\@[OA
=L^NXJ_I CD_;K[BNV[3PUJW\NXDEJ^K]HT\GUA	NKQY TY^_NXTVRUL_\N	 &
SLRY\@@T@VRTVO QAYI@Q		L^]ANnJ^LARUCARSI[Q@SS3XIDHX\@\[(HUPACQ	V7AQQ_V]NMHSZ[L\_NPJW_UCCK[	_VNVFOPOA
	1A]@@FBZQ	CNVGUA^SX^E@@JFG
2NMOOA
NIN@R^EDO	nIOJ\[[RSSN3BZA@TNE
,HZF@]\NR[VB\GU^KJQQEC_SB^\N AC]E\]@S=
 QN]UKARPAC\_N@ZOVRVQAQNQQVO	<
[VE@S
]J\\RMQ_IT2JAYS@Q]ARYjV^\NXQW; 	^UCSOASLVXZ[WJ_Q^F@^G]YCL[OA		@TQYANE, \RVYFHOA 	B@TKJAICXJRVUBUA3LQDOXIQZCCJHX
	<		@NKREY]\U%BE]IJ(KNI\]@T]@@BBXCDDF
	UCPZSJT@_]@PNXKEEG/RAYL]B@SY^NXJ_QPVXW@@NAY@Y_N@7@@E_IXVRFK]@[N[[3PTJW\VQB[D+YRMOJN 3\]XAN QNYUN]E\@U	NI_HV_ WPANIE^SVO

< ]SX[VDOXIDDF	E[YSO[	SXW KJ
,UQN^HXNVUHSST[@Q	V7@QQXJUJ]G3]AMAY[	
j	PXICG\RV]FIZSSUN][U^ZNK@GOJ]ZCUA	.EYOVWKB_IGIOJ\@U^QVANLPOV[O_QC;	RVZ[[
ACNB\AULE
,H[F@]@NFIST<HZFNKLP%
TAVRTVO RAYH]BUDRB	XI@SEE]\VO	AYROY_NP2
BIFEYHX JAYSUNER]@@IJADF(AYO@Q@TVX][@VQW; 	_UCSO[]C\B=_ TJW@R+
BNVGUA]SX]^^Y@@
CQN[PH[F]Z[[ QV@W]E
,HYF@_@\_[[	@NKRB	HQI[QXWI\@U	3SX]E	NXXBC[QXJ(JNI\NLWX^3SOAQQJQ3	QAC\_N@YOVQKEG_QRV_D@STPL@Q YER\YPVQW; 	]UCQSSJ@QPTJW\NXDFJ^JAR	[YZSUNjOVQVQIVYTJ^R@N 3]]X@@KCCXnBAYF@R	
 <	C@TKJBI@E[VNAR AYJ_FXIWZEQIZBXJ(HNI^AR]E @QQ_V^NMIOAQVHRB %I@XJOJN]GIPAO[	
j	QXICQEXTI2AY\UCA
=L_NXJ_QPUXWC]\GMOASX]VPT[QVQGJ^KX@@N 3_]Z]\QVQ
][F@]\NQ[VC@SEERT\NXD+ XWC@NAYAH\C_SNLP%
T@VRTAR]\GJ<RVNNISS3YIDDF	F[YPPKXG@SBOVQODCZCXJ NMHVTO[	
j	SXIA[@XJ	_UCSOAPLWDO	
QIR_V 3[YPO[NK@_W[O@@R+
CNVGOARI\@3@WX]O	nHOJ\@U]QVBPWSDOI@A[PHXI@N[VBYGNLP%
TBVRVJ]C@NJNI\]@T^@@C_ITJ^C]\N<QVBNL\JWNSJC@IQ3	PAC\@SS^T7\YWXIIT2KAYSUNER^^TJG_IAXWCXUOJT[O[ LV]X@@R+
ANVEISPO[ ]]XANQNXHXNM@SOA=QER^@@QQBDXWXAR	
 <	B@TDO]RJ@,ZGVRX
	<		ANKRB	KQIXAL\HX	[YPWO^GUFNLY @@BF_Q3	RAC^C\BNLC	QXICG_RV\[[[VJ\]@	G3QIXQF@OA\\D[OA
=L^NXJ_I CD[;KXINV[3PUJW\NXDEJ^I^HTX[[QVBTZ^X_@@]QNYQCAR	
 <	@@TWX^@@T@VRTVO QAYI@Q		L^XANnJ^IARUCARSI_Q@SS3XIDHX\@\_(HV[ACQ	V7AQQ_V]NMJPVUM@QGER^ZRLCAZQRV]BAOA
=L\NXHCCXQ	CNVGUA^SX^E@@JCG
2NMJOA
NIN@R^EDO	nIOJ\[[RSSN3DYSX	,AFJ^JARRAC_D_CWB	XIBZ	KA\TVO	AYTL@Q	V7BQQBEDF	D[YSO[ \]XANQQCXJ3AYUUNSXLWXZNNXT 7_NMIOAH\C[.UZ]O	nHOJ\@U]QVBTYWDOIBE^RK\E@N[VDX]@S=
 QN]UKARPAC\_N@ZOVRVQAQN]TVO	<
[VE@S
]J\\RMQ_IT2JAYS@Q]ARYjP_OVXT 7^NMIOA 	@@T_]ZYNXTVRUH^C_UFUA	NKUYE
,HYF@XA]@U_QVANLC	PXICGF@X@@N&NKTBOV@KCC\_V3 P[VC]@_W_2[TXIIT2KAYSUNER^[[OC_IAXWA^]G@UVO[ LP^ANE, \RVYFHOA 	B@TKJAICXJRVYGUA3LQDOXIQZCCJHX
	<		@NKREY]\U%DBIV3 Q[VC@SY\NXIGKY_VNVFIZ[[JU_NPJW[SVQW; 	]UCVRRUNER]@@TAVRTVOUCVSO[1\JWZNXIQEXTMO\N	 &
QLWANSJCD4CVRX
	<		ANKRB	KQIXADXHX	[YRSNZG]ENLY @@DCG/RAYL]B@SY^NXJ_QPVXW@@NAYL\_N@7@@E_IXVRFK]@[N[[3PTJW\VQB[D+_WXWN	 &
PLWDOZIG^TMX\NAC]BXBTWKJ	QQ@XJ(HNIY@SB	IQI[Q	BNVGUA	NIYANLR=QQ_V XWR]\GNAOA
	1A_@@CGBDXS%ZBNV[3PUJW\NXDEJ^IXDY\[[QV@S\U^Y@@]QN_VVO

< ]SX[VDOXIDDF	E[YSO[	SX[KJ
,UQN^HXNVUHSST[@Q	V7@QQXJUJ]G3[N[YA
	1A^@@C_IGKOJ_UOKVOA		@TU_U^VK_QTF@ZI@N 3_]]\]NXDGJ^JARQAC\_N]]]@@A,F@[\N[YARI\DN]@S=
QNXVOA\\@&T[ACQ	V7AQQ_V]NMJZQSI@QGER\^WOKB]QRV[OUA	.EYOVWKB_IGIOJ\@U^QVANLPOVWJ_QC;	RVZ[[
ACNB\AULE
,H[F@]@NFISU<KUQV
@S=
QNZTKARRAC]EYHRB	XI@_@AXHX	[YQZUN
A8KQIZBXJ	_UCRUV@\_N@ZOVSLFJ[QXWBY@U	3SXXE	NXXBC[QXJ(JNI_ASEY]\T%AKIV3 Q[VA\@NLC	SXIB] GDDF
	UCPPRAUF@SCOVPB_QW%		F[YRSH@QPTJW]TKGCG_RV]AHWSO[	SX\ KJ
,UQN^HXNVUHSSU[@Q	V7@QQCEHX\@\Z(KRAYN
A8HQIYBXJ	]UCRQZ@\_NPJW^QMDCSQRV^FUA	.EYOVSJB_IGIOJ]^N@SOAPLVZTURVQAQNZQVO	<
[VE@S
]J\\RLQ_IT2JAYPI]@SS^Q7_\@@QW%		E[YQSH@QPVJW]POGCGOJ^^CKVPO[ LUXANE, \RV]GHOA 	B@TU]Y\NXDFJ^K_EX\[[[VAY]@	G3QI]QF@OA\\A[OA
=L^NXICBQEXTL2B_NMA	.EZOVPJB_IGKOJ]_O@SOA		@TQ\[][VQGJ^H^\N	 &
SLVX\@@T@VRUIUI\@U^QV@QVWDO	
QIY_V 3[YUO[NK@_W^O@@R+
CNVDIRO[]C\G=\ERNE, _RV^GHOA 	@@TT\Y\NXTVRVO\AZX[[ QVCPB	,AEJ^K]A@NJNI]BVZKJAIBG\PJAR	[YQVUNjOVTVQIVYTJ[R@N 3]][]]VQB[E+ZQXWN	 &
PLUX\@@TBVRUNZI\@U	NI^HS[^DO IAADF	&]QV@R_E @QQ GCQTVO QAYHXDUANLPOVPO_QC;	RVZ[[
ACNB\ATLE
,H[F@^@][[RSSO3AXSX	,AFJ^H]A@NHNI]EQZKJQQDLXSNAR 	AYKX_NP2
BIBDYHX JAYRM_G\]@T^@@BGXCXJRV^BUA3LQDOXIQZCBJHX
	<		@NKQ^DO]RJE,YQNF	&^QVCR_E BQQ FBQTVO AYPHTG_HNLY @@ADG/RAYH\B@SY^NXKFER_V^NMHVUZI@Q		LU]ANnJ^LARUCARSIZQ@SS3XIGXUAR]\GO<QU[VNP2
AIADYHX HAYRL^G\]@ZNXICGR	GXJ NMKUOA
	1A]@@BCZQ	CNVFLQWSUNER\YPNC_ITJ^HX\N<QVGNL\JWNSJCEIQ3	PAC_C]NLWX_3SJQI/QAYI@QPVJW^QLG_IAXWA\[AMQOA		@TWDO	nKOJ^\GKOA 	B@TKJAICXJRV^GUA3LUDOXIQZCFJHX
	<		@NKREY]\P%BBIV3 Q[VC@SY\NXHGESQRV]F@PSPUN	]Y\@@R+
ANVEISQO[ ]]XANQNXHXNMKSOA=QER_@@QQBDXVXAR	
 <	B@TDO]RJA,ZQNF	&^QVANLC	SXIA^AXJNMHPSZOX_NPJW]PVQW; 	]UCQSSK@QPTJW\NXDFJ^JAR	[YQSUNjOVPVQIVYTJ_R@N 3]]X@@KCCYnBGJ^O

< ^SX^E BQQEC^HX	[YRWKZAY]@PNXK@_IT2HAYQI\A@SY^NXJ_QPVXW@@NAYK\_N@7@@A_IXVRFK]@^N[[3PTJW\VQB[A+YPXWN	 &
PLWDOZIF_\JAR AYHYG^ITB	XIB_Q3	RAC^C\CNLC	QXICG_RV\[[[VA\]@	G3QIYQF@OA\\E[OA
=L^NXJ_I CDZ;KXRVU,ER]@@TBVRVBUD@N[VBZD[ZKJ	QQ FXJ(HNI^AR\E @QQ_V^NMIOAQVCRB %IAXJOJN]GIQAO[	
j	QXICQEXTH2AZNMA	.EZOVRVQ
]YF@_ITT[[QV@UYWQANIE^HX
	<		BNKP^UDOXIDDF	E[YSO[	SX\KJ
,UQNZHXNVUHSSQ[@Q	V7@QQXJUJ]B3]@[YA
	1A^@@C_IGKOJ_\NKOASX_^ZZ\NXTVRUMAR	
 <	@@TWX_@@T@VRTVO QAYI@Q		LUXANnJ^HARUCARSI^Q@SS3XIDHX\@\^(H[AYN
A8HQI[Q	ANVDHZUO[LUX]UQK_QTF@\H@N 3_]Z]\PVQ
][F@]\NQ[VC@SEER_\NXD+ XWB@NAYAH\C^SNLP%
T@VRTAR]\GK<RZ[VNP2
AICXJ	]UCPPSI@QGER_]POJAGOJ]U[[3PVJW^RJA_IGIOJ\@U^QVANLPOVPJ_QC;	RV^[[
ACNB\APLE
,H[F@]@NFIS[<HZFNKLP%
TAVRTVO RAYH]BUDRB	XI@SEE]\VO	AYROY_NP2
BIGEYHX JAYSUNER]@@IJADF(AYO@Q@TVX]T@VQW; 	_UCSO[]C\I=_SJW@R+
BNVGUA]SX_WQ]\NXTVRWB_HXTDUA	NKSXKJ
4E
UXWD]][[	@NKRB	HQI[QXWIY@U	3SXXE	NXXBC[	QXJ(JNI\NLWXU3SLDQQJQ3	QAC\_N@YOVSKGC^_VNVD@WRVIT_NPJW]TM_QW%		F[YWRH@QPTJW\NXDFJ^JAR	[YZVUNjOVTVQIVYTJUR@N 3]]X@@KCCSnBB^F@R	
 <	C@TKJBIBE[TJ]\NAC_J\BZ]KJ	QQ EBDF	&]QVES_E @QQ_V^NMIOAQVHWB %IEXJOJN]GI[AO[	
j	QXICQEXTB2AZ]UCA
=L_NXJ_QPUXWA\[@LSOA		@TPYXXWB_QTF@\F]@U,ERY]SVQ
][F@]\NQ[VC@SEERTYNXD+ XWF@NAYAH\CTSNLP%
T@VRTAR]\GA<RUINISS3YIDDF	F[YRSO[C\]@ZNXIED\KGDF	 UCRUSUN
A8KQI_ BXJ	_UCSOAPLWDO	
QIR_V 3[YUO[NK@_WPO@@R+
CNVGOARI\K3@T]]O	nHOJ\@U]QV@RWRXANIG_]JU@T@UNI]GQB	,AEJ^N\A@NJNI\]@T^@@C_ITJ^CX\N<QVGNL\JWNSJCKIQ3	PAC\@SS^_7\ZPXIIT2KAYSUNER\\ZBCCGOJ_[BJRPPUN	]Y[^NXT 7]NMMRRO[ ]]XANQNXHXNM@VOA=QER[@@QQBDX\XAR	
 <	B@TDO]RJK,ZJVRX
	<		ANKRB	KQIZ EE]TVO AYWI]ETDZB	XIB]_V3 R[VG]@NLC	QXICG_RV\[[[VJY]@	G3QI]QF@OA\\O[OA
=L^NXJ_I CDP;K[HNV[3PUJW\NXDEJ^K\E]\GUA	NKQW^YU_NXTVRULU\N	 &
SLSY\@@T@VRTVO QAYI@Q		L^]ANnJ^LARUCARSITQ@SS3XIDHX\@\T(H[ZACQ	V7AQQ_V]NMHP[VL\_NPJWXZHCFR_VNVFAZOA
	1A]@@GBZQ	CNVGUA^SX^E@@BC^Q/UCUOAQVSS^_JANE, ^RV\
UARSIT,]IZLJ
4E
VXW@@NHNI]BUZWDOIGC_]I_G@N[VBTINLP%
TBVRPK\\NP[VC@SY_NXJ_QIVRUJX\N<QVGNL\JWNSJCKIQ3	PAC\@SS^_7\TQXIIT2KAYSUNER\_SLFCGOJXY@JSRQUN	]YU_NXT 7]NMMRRO[ ]]XANQNXHXNMHSVO[1\JWZNXIQEXTBO\N	 &
QLWANSJCK4 KFJ^O

< ^SX^E BQQ @D]TJAR AYMY@]FVWEQIZ	AXJ(HNIX@SB	IQI[Q	BNVGUA	NI]AWB %IEXJOJN]GI[AO[	
j	QXICQEXTB2AT]UCA
=L_NXJ_QPUXWA^UDLSOA		@TSQ]XZL_QTF@\H]@U,ERY]SVQ
][F@]\NQ[VC@SEER\\WVQ^7OJZ@UAY[]C\I@B	,AGJ^J\N]GI[<RA\QV
@S=
QNXHX HAYRKTA\ANLE@@GG_AF[HX	[YR[I@Q	V7BQQBEDF	D[YSO[ \]XANQQ CADF(AYO@Q@TVX]T@VQW; 	_UCSO[]C\I=_PJW@R+
BNVGUA]SX_QZX\NXTVRPM^H\ZCUA	NKSVKJ
4E
UXWD]][[	@NKRB	HQI[QXWA\Y[[,@TKJ@@QB[KVDF	&_QVABVX]T=KKEIV3 Q[VC@SY\NXK@FZCXJNMMUZUA\B@SCOVSBE_IT2HAYWH]_N@[OVRVQ
]ZF@]\N		AYRIY_N@7@@E_IXVRFK]@TN[[3PTJW\VQB[K+Y\OOJN 3\]XAN QNYWITE\@U	NIXGW[ TPANIEPQVO

< ]SXZVDOXIDDF	E[YSO[	SX_RDO4XVRRVONM[RSSAN_NP2
@IC	DFK]@T3FAWAYN
A8HQI[Q	ANVFJQ[SI@QGERYZSNAD^QRV]OMOA
=L\NXNBBG^RV\[[	ANKRBNXKCFG
2NMOOA
NIN@R^EDO	nIOJ\[[RSSH3BUD@TNE
,HZF@]\NR[VGZGZZEQI^DCYWBAR 	AYHUF@SS3ZIFXTKARPAC\_N@ZOVRVQAQNYUJAR<
NI]]@QERO]RJBQG/PAYI_N@R^8YTX@@QW%		E[YSO[ _]\[_RJ_Q^F@X@_XGAROA		@T^\ANE, \RV^GIROAQLWDOYIDDF NVFHSOA=QER\@@QQBDXUXAR	
 <	B@TDO]RJB,ZDVRX
	<		ANKRB	KQI_GAZHX	[YVRO_AYCNLY @@BJ\Q3	RAC^C\@NLC	QXICG_RV\[[[VB]ANLR=QQ _V XWR]\GHAOA
	1A_@@CGBDXU%\IZNMA	.EZOVRVQ
]YF@YG\ZOUA	NKW_WYTYNXTVRUC[\N	 &
SLUX]]NXDGJ^JARQAC\_N]Y\\NXD+ XWA@NAYAH\C]SNLP%
T@VRTAR]\GH<RZHNISS3YIDDF	F[YWVHXK@SBOVVCCGR CXJ NMHZRO[	
j	SXIA[BXJ	_UCSOAPLWDO	
QIZ CXJ3AYRUNSXLWX\NNXT 7_NMIOAH\C].SWERNE, _RV\[[	BNKVZQ\ANI@PRKUE_@UNI]HRB	,AEJ^H]@]@U_QVANLC	PXICGF@\A\@U	3SX_E	NXXBC[ QXJ(JNI\NLWX\3SC@QQJQ3	QAC\_N@YOVVOJB]QRVXN@RSQM@Q YER\UQVQW; 	]UCQSSH@QPTJW\NXDFJ^JAR	[YRRI@QE8	NXK_QUQNJUJ]AN@U,ER]NXBC[ ,EQVXWN	 &
PLWDOZI@]QI_\NACXJXF[XKJ	QQ JFDF	&]QVCR^KJ@ICXJ	^UCSOANKS_KJ
,UQNYHXNVUHSSR[@Q	V7@QQXJUJ]A3]N@AY[	
j	PXICG\RVXOKQSO[LRZYUQLE_I]XWAUU[[3PVJW^RJB_IGIOJ\@U^QVANLPOVSKC_IV%NVFUA
[VQ]AR_KJ
4E
WXW@@UHSSR&]JTSX	,AFJ^JARRACXDTBTB	XIFYEGX]VO	AYR@T_NP2
BIADXUVO PAYI@QPUJW\NXIEYTVO	<
[VB@S
]J\\RKQ_IT2JAYS@Q]ARVjRZOVXT 7^NMIOA 	@@TSZX\NXTVRSKTD\_[[ QVDPB	,AEJ^N\A@NJNI\]@T^@@C_ITJ^N]\N<QVGNL\JWNSJCKIQ3	PAC\@SS^_7X_@@QW%		E[YSO[ _]ZY[UO_Q^F@ZCT^CHOA SX[KJ
4E
UXWD]][[	@NKRB	HQI[QXWD\@U	3SXXE	NXXBC[	QXJ(JNI\NLWX\3SMJQQJQ3	QAC\_N@YOVVJD@YQRVXCIZTVM@Q YER\[[VQW; 	]UCQSSH@QPTJW\NXDFJ^JAR	[YRSI@QE8	NXK_QUQNJUJ]AN@U,ER]NXBC[ ,E_\XWN	 &
PLWDOZI@XWB]\NACX@[APV KJ	QQ DLDF	&]QVCR^KJ@ICXJ	^UCSOANKS^KJ
,UQNYHXNVUHSSR[@Q	V7@QQXJUJ]H3YA[YA
	1A^@@C_IGKOJ^ZDLSOA		@T^\ZYPVQGJ^O[\N	 &
SLSY\@@T@VRTVO QAYI@Q		LSXANnJ^LARUCARSITQ@SS3XIDHX\@\T(LTAYN
A8HQI[Q	ANVEO[TVUN]P\_WCC_I]XWE[@U,ERY]SVQ
][F@]\NQ[VC@SEERY\NXD+ XWF@NAYAH\CTSNLP%
T@VRTAR]\GA<VW[VNP2
AICXJ	]UCQVPI\_NPJW[WMCDSQRVYCUA	.EYOVVKB_IGIOJ\@U^QVANLPOVVJ_QC;	RVZ[[
ACNB\AZLE
,H[F@]@NFIS[<LYQV
@S=
QNXHX HAYQLTAY]@ZNXMDFR FXJ NMLVOA
	1A]@@GBZQ	CNVGUA^SX^E@@GCG
2NMOOA
NIN@R^EDO	nIOJ\[[RSSH3B[B@TNE
,HZF@]\NR[V@TGP^EQI_ DFQPJAR 	AYH[@@SS3ZIFXTKARPAC\_N@ZOVRVQAQNYTJAR<
NI]]@QERO]RJBQG/PAYI_N@R^8YZ^@@QW%		E[YSO[ _][U^TB_Q^F@YA__CNROA		@TPZANE, \RV^GIROAQLWDOYIDDF NVFISOA=QER\@@QQBDXUXAR	
 <	B@TDO]RJB,ZBVRX
	<		ANKRB	KQIXJE^HX	[YWS@XC\CNLY @@BDZQ3	RAC^C\@NLC	QXICG_RV\[[[VB\ANLR=QQ _V XWR]\GHAOA
	1A_@@CGBDXU%\G\NMA	.EZOVRVQ
]YF@^GYZCUA	NKV^ S]^_NXTVRUM]\N	 &
SLUX]]NXDGJ^JARQAC\_N]Y]\NXD+ XWA@NAYAH\C]SNLP%
T@VRTAR]\GH<RTNNISS3YIDDF	F[YWSI^K@SBOVVI@CS EXJ NMHTTO[	
j	SXIA[BXJ	_UCSOAPLWDO	
QIZCXJ3AYRUNSXLWX\NNXT 7_NMIOAH\C].SYERNE, _RV\[[	BNKQWP^ANI@Z]K^D[@UNI]FTB	,AEJ^H]@]@U_QVANLC	PXICGF@\@\@U	3SX_E	NXXBC[ QXJ(JNI\NLWX\3SMFQQJQ3	QAC\_N@YOVQC@A_QRVXELR[TA@Q YER\[WVQW; 	]UCQSSH@QPTJW\NXDFJ^JAR	[YRSI@QE8	NXK_QUQNJUJ]AN@U,ER]NXBC[ ,E_PXWN	 &
PLWDOZIGP]M_\NACXA]CV^KJ	QQ D@DF	&]QVCR^KJ@ICXJ	^UCSOANKS^KJ
,UQNYHXNVUHSSR[@Q	V7@QQXJUJ]E3]AAAY[	
j	PXICG\RV]AHPWSUN][T[[KK@GOJ]ZOUA	.EYOVSJCKG^RV\[[	ANKRBNXCF_IV%NVBUA
[VQ]AR[KJ
4E
WXW@@UHSSV&]EUSX	,AFJ^JARRAC]E^IS^EQI_BBPQBAR 	AYHZJ@SS3ZIEXTBARPAC\_N@ZOVRVQAQNQQVO	<
[VF@S
]J\\ROQ_IT2JAYS@Q]AR[jV^YNXQW; 	^UCSOASLV]XXTJ_Q^F@^H^TCAPOA		@TQ\ANE, \RV]GI[OAQLWDOYIDDF NVNLOA.
]]ANQII CD]FVO

< _SX^HKJ\\RO,B]QNF	&^QVANLC	SXIB^JGXHX	[YP[OZBYINLY @@BE^Q3	RAC]C\INLC	QXICG_RV\[[[VJY]@	G3QI^QF@OA\\B[OA
=L^NXJ_I CD];K[FNV[3PUJW\NXDEJ^KXHX\GUA	NKQWTP^_NXTVRUL[\N	 &
SLVX]TNXDGJ^JARQAC\_N]QX@@A,F@X\N[YARI\FN]@S=
QNXVOA\\B&RUT[VNP2
AICXJ	]UCRVZA[C@SBOVQCGB^KXJ NMHUTO[	
j	SXIB[KXJ	_UCSOAPLWDO	
QIR_V 3[YVO[NK@_W]O@@R+
CNVGOARI\F3@T^]O	nHOJ\@U]QV@VW _XANIG^SMZH_@UNI]GRB	,AEJ^K]@T@U_QVANLC	PXICGF@TE@N&NKWBOV@KCC^_V3 P[VC]@_W]2]TKQI/QAYI@QPVJW]WKCF[QRV_@HVWVA@Q YER\ZSVQW; 	]UCRSSA@QPTJW\NXDFJ^JAR	[YZVUNjOVWVQIVYTJXR@N 3]]X@@KCC^nBBZF@R	
 <	C@TKJBIBAZQH]\NAC_DYBS]KJ	QQ EFDF	&]QV@R^KJ@ICXJ	^UCSOANK[[E
,IADF	RVNFISVAUN
A8IQI[L_VYTJX/]ZD[YA
	1A^@@C_IGKOJ]YD@ZSO[LT_T\ZJK_I]XWAZ_[[3PVJW]RJK_IGIOJ\@U^QVANLPOV[O_QC;	RVY[[
ACNB\AWLE
,H[F@]@NFISW<K\CNKLP%
TAVRTVO RAYK\GYANLE@@FARGF[HX	[YQSI@Q	V7BQQCBDF	D[YSO[ \]XANQQ_V 3[YWO[NK@_W\O@@R+
CNVGOARI\D3@UW]O	nHOJ\@U]QV@PYWXANI@\TCZEX@UNI]F[B	,AEJ^O\A@NJNI\]@T^@@C_ITJ^K]@@N&NKTBOV@KCC\_V3 P[VC]@_W_2]UBQI/QAYI@QPVJW]PLCC[QRVXDNSQ[L@Q YER\[ZVQW; 	]UCVRRUNER]@@TAVRTVOUCRSSUNjOVTVQIVYTJZR@N 3]]X@@KCC\nBC]F@R	
 <	C@TKJBIBFZSJ]\NACXAY@ZYKJ	QQ DADF	&]QVDS_E @QQ_V^NMIOAQV@R^E
,IBDF	RVNFISTAUN
A8IQI[L_VYTJZ/][C[YA
	1A^@@C_IGKOJ]^FOSSO[LSZ\^VJJ_I]XWA[X[[3PVJWYSK_QPWXW@@NKNI\]@MJW]RJ_QC;	RVZ[[
ACNB\AULE
,H[F@]@NFIST<H[DNKLP%
TAVRTVO RAYH^GUARB	XIGXCLYRVO	AYRN[_NP2
BIFEYHX JAYSUNER]@@IBDXHX
&
ACZ_NLEY]\UX_QW%		D[YSUNB\AU1P^OVXT 7^NMIOA 	@@TU[U\RVQFJ^N_I]_CNOA SX_QDO	nKOJY]FUA_SX^E AQQ_V
OJ]\GUA3LQDOXIQZCCJHX
	<		@NKREY]\U%BDZIJ(KNI\]@T]@@BBSCDDF
	UCWSZM\C^]@PNXKDBG/RAYL]B@SY^NXJ_QPVXW@@NAYH\C@SZ2XIEGJ^X\@\[UUA	.E[OVR_QZCC7UM]RVU,ER]@@TBVRUKZB\\[[QVER[R[^@@]QNYSJAR	
 <	@@T VYANQNXHX KAYSUN@TWXANnJ^LARUCARSI[Q@SS3XIDHX\@\[(HTPACQ	V7AQQ_V]NMHQSVI\_NPJWXSMAJ__VNVFNPOA
	1A]@@FBZQ	CNVGUA^SX^E@@BC[Q/UCUOAQVSS^PJANE, ^RV\
UARSI[,]FPLJ
4E
VXW@@NHNI]@[ZWDOIGE[WNZA@N[VB[CNLP%
TBVRQK\\NP[VC@SY_NXJ_QIVRUJ]\N<QVGNL\JWNSJCDIQ3	PAC\@SS^T7\ZTXIIT2KAYSUNER^ZPHC_IAXWCU\DAPPO[ LV^[@@R+
ANVEISPO[ ]]XANQNXHXNM@VOA=QER^@@QQBDXWXAR	
 <	B@TDO]RJ@,ZDVRX
	<		ANKRB	KQIXFA^HX	[YPZM]F\INLY @@BE\Q3	RAC^C\BNLC	QXICG_RV\[[[VJY]@	G3QIXQF@OA\\D[OA
=L^NXJ_I CD[;K[DNV[3PUJW\NXDEJ^IXEXT[[QVBZ\SP^@@]QNYRNAR	
 <	@@TWX^@@T@VRTVO QAYI@Q		L^]ANnJ^IARUCARSI_Q@SS3XIDHX\@\_(HUVACQ	V7AQQ_V]NMJV[[M@QGER^TTLBFSQRV]ALOA
=L\NXHCCXQ	CNVGUA^SX^E@@JFG
2NMJOA
NIN@R^EDO	nIOJ\[[RSSJ3BZC@TNE
,HZF@]\NR[V@XIUXEQIXFGYWIAR 	AYHZA@SS3ZIFXTIARPAC\_N@ZOVRVQAQNQQVO	<
[V@@S
]J\\RIQ_IT2JAYS@Q]AR]jV^^NXQW; 	^UCSOASLT]_]PVQFJ^IZI\TGAOA SX_TDO	nKOJ^\GJOA 	B@TKJAICXJRVUBUA3LTDOXIQZCGJHX
	<		@NKREY]\Q%BE[IJ(KNI\]@T]@@@GYGXJNMJUTTNT@@SCOVSLC_IT2HAYQI\@@SY^NXJ_QPVXW@@NAY@Y_N@7@@@_IXVRFK]@_N[[3PTJW\VQB[@+YRKOJN 3\]XAN QN[POY@@N[V@[@WZ _DO IBBYHX
	<		BNKP^TDOXIDDF	E[YSO[	SXW KJ
,UQN[HXNVUHSSP[@Q	V7@QQXJUJ]C3]AAAY[	
j	PXICG\RV_AAZQO[LTQZUSB@_I]XWAZT[[3PVJW^RJ@_IGIOJ\@U^QVANLPOV[O_QC;	RV_[[
ACNB\AQLE
,H[F@]@NFISP<HZJNKLP%
TAVRTVO RAYJ[A^INLE@@GCZKAPHX	[YRU@@Q	V7BQQCD[HX JAYSUNER]@@IJADF(AYJ@Q@TVX]_@VQW; 	_UCSO[]C\@=_PJW@R+
BNVGUA]SX\VX]@@
CQNZ\B\B^X[[ QV@QYE
,HYF@_@\][[	@NKRB	HQI[QXWH\@U	3SX_E	NXXBC[ QXJ(JNI\NLWX\3SIEQQJQ3	QAC\_N@YOVPLKBYQRV^OM[ZPH@Q YER\_TVQW; 	]UCQSSH@QPTJW\NXDFJ^JAR	[Y[SUNjOVSVQIVYTJ\R@N 3]]X@@KCCZnBG]F@R	
 <	C@TKJBIAB]VNAR AYKTBZGQVEQIZFXJ(HNI^AR_E @QQ_V^NMIOAQVIRB %IBXJOJN]GIRAO[	
j	QXICQEXTM2F^NMA	.EZOVRVQ
]YF@_IZ\GUA	NK[_T^Y@@]QN^VVO

< ]SX[VDOXIDDF	E[YSO[	SXZ KJ
,UQN^HXNVUHSST[@Q	V7@QQXJUJ]G3ZD[YA
	1A^@@C_IGKOJ_\FNVOA		@TTYTUWVQGJ^L^\N	 &
SLRY\@@T@VRTVO QAYI@Q		LS]ANnJ^LARUCARSI[Q@SS3XIDHX\@\[(OSAYN
A8HQI[Q	ANVEAWVSUN]PZ\SJB_I]XWF\@U,ERX]SVQ
][F@]\NQ[VC@SEERYYNXD+ XWF@NAYAH\C[SNLP%
T@VRTAR]\GH<RPMNISS3YIDDF	F[YQUK_E@SBOVPMKGXFXJ NMHPWO[	
j	SXIA[BXJ	_UCSOAPLWDO	
QIS_V 3[YRO[NK@_WYO@@R+
CNVGOARI\D3GTLJ
4E
VXW@@NHNI_@[^KJQQJGP\CAR 	AYOZ_NP2
BIFEYHX JAYSUNER]@@IGADF(AYO@Q@TVX][@VQW; 	_UCSO[]C\F=XERNE, _RV\[[	BNKQ\P]ANIEXUNXB\@UNIZFNLP%
TBVRQK\\NP[VC@SY_NXJ_QIVRPOAR<
NIZ]@QERO]RJDQG/PAYI_N@R^8^YNXQW; 	^UCSOASLTXZYRVQFJ^CXBZ^AUA	NKTZE
,HYF@XA]@U_QVANLC	PXICGF@YE@N&NKTBOV@KCC\_V3 P[VC]@_W_2ZWXIIT2KAYSUNER^]QHF_IAXWI[_EL[OA		@TRDO	nKOJY]FUA_SX^E AQQ_V
OJXY[[,@TKJ@@QB[DVDF	&_QVABVX]]=K@@IV3 Q[VC@SY\NXHFJ_	_VNVENVQSL^_NPJW]QI_QW%		F[YQSI]_N@[OVRVQ
]ZF@]\N		AY[I@QE8	NXK_QUQNJUJ]AN@U,ER]NXBC[,BPF@R	
 <	C@TKJBI@GXQJAR AYH\@Y@W_EQI]	_V3 R[VF]@NLC	QXICG_RV\[[[VGY]@	G3QI]QF@OA\\@[OA
=L^NXJ_I CD_;LTRVU,ER]@@TBVRWI[BY@U	NI]AW[_[ANIBQHX
	<		BNKW_KJ@ICXJ	^UCSOANKV[E
,IBDF	RVNFISTAUN
A8IQI[L_VYTJ\/]_E[YA
	1A^@@C_IGKOJ^YAOSOA		@TPYT[WC_QTF@\C^@U,ER_\RK_QPWXW@@NKNI\]@MJWTRVQ^7OJ]@UAY[]C\@@B	,AGJ^J\N]GIP<RAXQV
@S=
QNXHX HAYWKYFZ]@ZNXNEB_DADF	 UCR[WUN
A8KQIYCGDF	D[YSO[ \]XANQQ CADF(AYJ@Q@TVX]_@VQW; 	_UCSO[]C\@=_VJW@R+
BNVGUA]SX\ T__@@
CQNZRBZDZZ[[ QV@Q_E
,HYF@_@\][[	@NKRB	HQI[QXWH\@U	3SX_E	NXXBC[ QXJ(JNI\NLWX^3SBFQQJQ3	QAC\_N@YOVVHJA_QRVXALVVPA@Q YER\TWVQW; 	]UCQSSJ@QPTJW\NXDFJ^JAR	[YRSL@QE8	NXI_QUQNJUJ]CN@U,ER]NXBC[,AXF@R	
 <	C@TKJBID@PPVO AYUA]D^HNLY @@FCG/RAYK\C_]@T_@@C_IGHOJ\@UACXC@SZ2XI@GJ^X\@\_UUA	.E[OVR_QZCB7UO]RVU,ER_\SVQ
]YF@\AZ\CIOASX]VPT[QVQGJ^KX@@N 3_]Y]]NXDGJ^K\F\XGUA^SX_QXY\NXIMXHX
&
ACZ_NLEY]\TX_QW%		D[YPSH_N@R^8YX]@@QW%		E[YQSH@QPVJW]SMAG[QRV_DLW[VM@Q YER\YSVQW; 	]UCRSRUNER\]UHGCG_RV]FNQWSUN@TWDO4XVRRVONM[RSSON_NP2
@I@DYVOA\\D&R[S[VNP2
AICXJ	]UCWRSAX_NPJWXVNJAY_VNVFASOA
	1A]@@AC[_V_NMIOA 	C@TKJXIB[_V 3[YPO[NK@_W[O@@R+
CNVGOARI\@3@Z_]O	nHOJ\@U]QVESZ UDOIG@QTNUF@N[VBT@NLP%
TBVRVJ]C@NJNI\]@T^@@C_ITJ^K]E@N&NKQBOV@KCCX_V3 P[VC]@_W[2]ZHQI/QAYI@QPVJWXSBACGOJXYDHTWZUN	]YU^NXT 7]NMKSSPUNER]@@TAVRTVOUCRSVUNjOVQVQIVYTJ^R@N 3]]X@@KCCXnBL[F@R	
 <	C@TKJBIGFY\BAR AYMYD_AS\EQIZ	@XJ(HNI^AR]E @QQ_V^NMIOAQV@R[E
,IGDF	RVNFISPAUN
A8IQI[L_VYTJ[/_ZUCA
=L_NXHCBG\RV^GHSSO[LS]]_RJ_QTF@^F@N 3_]Y]]NXDGJ^H]A\\[[	ANKP^WXANQQCXJ3AYUUNSXLWX[NNXT 7_NMJSRUNB\AT1PJW@R+
BNVEIROASLUX[]RVQFJ^N[EYXNUA	NKQYE
,HYF@\@]@U_QVCRXWDOYIFXRK]\N		AYPI@QE8	NXL_QUQNJUJ]FN@U,ER^\S_QZCB7WNOJN 3\]Z]]NXDEJ^KT@T\[[QVESWWZANIG\HX
	<		BNKS^KJ@IBMX\JARQAC]J\IRBNXIC_IV%NVAUA
[VQ]ARXKJ
4E
WXWC\]
UARSIZ,_D@TNE
,HZF@_@]@U]QV@[[WDOIGG]TO\\N AC_F@SS3ZIEXUVO PAYHUFUANLC	PXIBRJDDF NVDIOA.
]^ANQII CD^FVO

< _SX]VANSJCE4AVRX
	<		ANKP^KJBIBLXRJAR AYJTJ_AQB	XI@YQ3	RAC]C]]@T_@@BK[CXJ	^UCR[SO\_N][]@@A,F@[\N[YARI\EN]@S=
QN[TK\N]GIP<V@NISS3YIDDF	F[Y[Z@Z_NPJWTWKAE_QRVYNUA	.EYOVPJC@G^RV\[[	ANKRBNXNC_IV%NVDUA
[VQ]AR]KJ
4E
WXW@@UHSSU&_CNKLP%
TAVRVJ\\NR[VB[AV^EQIXKLXQVO	AYPI@Q	V7BQQ CEDF	D[YRTIXC@SY_NXKDC__V
OJ_\[[,@TKJ@@QB[EVDF	&_QVBR_HKJ\\RL,@ZIJ(KNI^ASB	KQIZFAXHX	[YPTM\FX]@PNXIB_IT2HAYRI]_N@[OVSMFF[Q	BNVFNVVSUN@TWDO4XVRRVONM[RSSON_NP2
@I@DYVOA\\D&V[ACQ	V7AQQ_V]NMA[Q[UN]P^^VHD_I]XWET@U,ER_\RI_QPWXW@@NKNI\]@MJWXRVQ^7OJ_@UAY[]C\B@B	,AGJ^J\N]GIU<PANISS3YIFXUVO RAYK]B^ANLE@@GK[JLDF	 UCP[O[	
j	SXIB[ _V_NMKRRQI@QPUJW^SKACGF@^@@N&NKTBOV@KCC]_V3 P[V@\@BVX]Z=IJQQJQ3	QAC^C]]@T]@@AB]CXJNMMZUSMT_NPJW_[VQW; 	]UCRSRUNER_]TIC_IGHOJ^]AJSOANKQ^E
,IBDF	RVNFISUAUN
A8IQIXB	DFK]@^3E@AY[	
j	PXICG\RVXCAWOA		@TS]^YRVQGJ^HT\N	 &
SLUX]^NXDGJ^JARQAC\_N]ZX@@A,F@_\N[YARI\AN]@S=
QNXVOA\\E&Q[ACQ	V7AQQ_V]NMMPUWUN][^]ZCF_I]XWBT@U,ER_\RH_QPWXW@@NKNI\]@MJW^WVQ^7OJ^@UAY[]C\C@B	,AGJ^J\N]GIQ<QLNISS3YIDDF	F[YWSIX_NPJW^[KFARQRV^BUA	.EYOVPJCAG^RV\[[	ANKRBNXHF_IV%NVEUA
[VQ]AR\KJ
4E
WXW@@UHSSQ&^GNKLP%
TAVRTVO RAYJTKX]@ZNXHDK[GXJ NMKWOA
	1A]@@AC[_V_NMIOA 	C@TKJXIA^Q/UCQOAQVSS^UJANE, ^RV\
UARSI^,^F@TNE
,HZF@]\NR[VG^EVB	XI@Z	GGQHX	[YQTUN
A8KQIYCFDF	D[YSO[ \]XANQQFXJ3AYQUNSXLWX_NNXT 7_NMIOAH\C^.PX]O	nHOJ\@U]QVES\KJQQC@Q\NAR 	AYKZ_NP2
BIADXVVO PAYI@QPUJW\NXIF]HX
&
AC^_NLEY]\PX_QW%		D[YSUNB\AP1VJW@R+
BNVGUA]SX] U\ANIF[SM]H@N[VA]]@S=
 QNZTJ_\NP[VC@SY_NXJ_QIVRVOAR<
NI^]@QERO]RJAQG/PAYI_N@R^8Z]NXQW; 	^UCSOASLT\]XNXTVRVHYBY_[[ QVCRB	,AEJ^H]@^@U_QVANLC	PXICGF@_E@N&NKPBOV@KCCY_V3 P[VC]@_WZ2^QXIIT2KAYSUNER^[TN_Q^F@_FXZF@OA SX\KJ
4E
UXWB\\EUA_SX^E AQQ_V
OJ^Y[[,@TKJ@@QB[AVDF	&_QVABVX]^=HAQQJQ3	QAC\_N@YOVQLGGGOJ^YFHUWO[ LUZANE, \RV^GIQOAQLWDOYIDDF NVELOA.
]ZANQII CDZFVO

< _SX^HKJ\\RN,BR	QNF	&^QVANLC	SXIA[ EDDF
	UCVQSO_CU]@PNXKJKG/RAYM\E@SY^NXJ_QPVXW@@NAYH]C@SZ2XIGGJ^X\@\XUUA	.E[OVR_QZC@7UCTRVU,ER]@@TBVRVJ^@Y@U	NIYCVWQ^ANIEQ]VO

< ]SXZQDOXIDDF	E[YSO[	SX_WDO4XVRPVONM[RSSMN_NP2
@IC	DFK]@]3FM[AYN
A8HQI[Q	ANVDIPZUUN][_YRMJJGOJ]XOUA	.EYOVPJCBG^RV\[[	ANKRBNXBF_IV%NVFUA
[VQ]AR_KJ
4E
WXW@@UHSSR&]GUSX	,AFJ^JARRAC_C[ARB	XI@Y	GLPRVO	AYRMU_NP2
BIADXUVO PAYI@QPUJW\NXIL]HX
&
AC]_NLEY]\SX_QW%		D[YSUNB\AV1^\OVXT 7^NMIOA 	@@T^]U\NXTVRQJ^D\TFUA	NKSWKJ
4E
UXWD\Z[[	@NKRB	HQI[QXWA]\[[,@TKJ@@QB[GVDF	&_QVABVX]X=KJFIV3 Q[VC@SY\NXKJDY_VNVBITTRJT_NPJW][O_QW%		F[YWSO@QPTJW\NXDFJ^JAR	[YRRI@QE8	NXN_QUQNJUJ]DN@U,ER]NXBC[ ,E\PXWN	 &
PLWDOZIFQUB]\NAC_B]EV[KJ	QQ G@DF	&]QVCR^KJ@ICXJ	^UCSOANKZ[E
,IEDF	RVNFISRAUN
A8IQI[L_VYTJY/]U@[YA
	1A^@@C_IGKOJ^\GHVOA		@T V^^^WH_QTF@\I[@U,ERY\TVQ
][F@]\NQ[VC@SEER\]RVQ^7OJX@UAY[]C\E@B	,AGJ^J\N]GIW<R@\QV
@S=
QNXHX HAYR@\C\]@ZNXNKEZ	FGDF	 UCRZSUN
A8KQI_EXJ	_UCSOAPLWDO	
QIZ CXJ3AYWUNSXLWXYNNXT 7_NMIOAH\CX.SWERNE, _RV\[[	BNKSWS]ANI@QTNTA\@UNI]HSB	,AEJ^N]F@NJNI\]@T^@@C_ITJ^K\@@N&NKVBOV@KCC__V3 P[VC]@_W\2][HQI/QAYI@QPVJW][HJCGOJXUCNZUTUN	]YT^NXT 7]NMMSUO[ ]]XANQNXHXNMHRSO[1\JWXNXIQEXTNO\N	 &
QLWANSJCG4 JGJ^O

< ^SX^E BQQ J@[QVO AYW@UB\CVB	XIBR_V3 R[VG\GNLC	QXICG_RV\[[[VB]ANLR=QQ_V XWR]\GMAOA
	1A_@@CGBDXQ%\GUNMA	.EZOVRVQ
]YF@\GT]CIOASXZWQZYVVQGJ^KZI@N 3_]Y]\ZVQ
][F@]\NQ[VC@SEER\\RVQ^7OJY@UAY[]C\D@B	,AGJ^J\N]GIV<RNTQV
@S=
QNXHX HAYRNZE\ANLE@@G@\AL]HX	[YRTA@Q	V7BQQ CDPHX JAYSUNER]@@IBDXHX
&
ACY_NLEY]\WX_QW%		D[YSUNB\AW1P_OVXT 7^NMIOA 	@@TP]]ZRVQFJ^N^C\TFOOA SX_PDO	nKOJ]\GAOA 	B@TKJAICXJRV]GIOA.
]]ANQII CD]FVO

< _SX^HKJ\\RO,B\QNF	&^QVANLC	SXIB\FFXHX	[YWQ@]@XFNLY @@BD]Q3	RAC]C\INLC	QXICG_RV\[[[VB\ANLR=QQ_V XWR]\GLAOA
	1A_@@CGBDXQ%\GYNMA	.EZOVRVQ
]YF@\G]UOIOASXZRYU[ZVQGJ^KZE@N 3_]Y]\ZVQ
][F@]\NQ[VC@SEER\\RVQ^7OJY@UAY[]C\D@B	,AGJ^J\N]GIV<RNXQV
@S=
QNXHX HAYRN\GXANLE@@GAZGDQHX	[YRTM@Q	V7BQQ CDPHX JAYSUNER]@@IBDXHX
&
ACY_NLEY]\WX_QW%		D[YSUNB\AW1P[OVXT 7^NMIOA 	@@TQPT\RVQFJ^N\G^UCIOA SX_TDO	nKOJ]\GAOA 	B@TKJAICXJRV]GIOA.
]]ANQII CD]FVO

< _SX^HKJ\\RO,B\QNF	&^QVANLC	SXIB]@BXHX	[YWRJ_G[@NLY @@BDYQ3	RAC]C\INLC	QXICG_RV\[[[VB\ANLR=QQ_V XWR]\GLAOA
	1A_@@CGBDXQ%\G]NMA	.EZOVRVQ
]YF@\FYTEIOASXZ^\]\PVQGJ^KZA@N 3_]Y]\ZVQ
][F@]\NQ[VC@SEER\\RVQ^7OJY@UAY[]C\D@B	,AGJ^J\N]GIV<RN\QV
@S=
QNXHX HAYROXATANLE@@GC^FG[HX	[YRTI@Q	V7BQQ CDPHX JAYSUNER]@@IBDXHX
&
ACY_NLEY]\WX_QW%		D[YSUNB\AQ1^JW@R+
BNVGUA]SXZ_\ANIG\QIX@@N[VAU]@S=
 QNZTJ^\NP[VC@SY_NXJ_QIVRVOAR<
NI_]@QERO]RJ@QG/PAYI_N@R^8YU\@@QW%		E[YSO[ _]Y_TPJC_IAXWDXXNKQPO[ LVP]@@R+
ANVBHROAQLWDOYIDDF NVFIVOA=QER[@@QQBDXSXAR	
 <	B@TDO]RJD,Z	BVRX
	<		ANKRB	KQIZJG]TVO AYWMUCXITB	XIBS _V3 R[VF]@NLC	QXICG_RV\[[[VB\DNLR=QQ_V XWR]\GNAOA
	1A_@@CGBDXS%\H^NMA	.EZOVRVQ
]YF@\C\YGIOASXZ TYZX[VQGJ^KUB@N 3_]]\]NXDGJ^JARQAC\_N]Y]YNXD+ XWF@NAYAH\C[SNLP%
T@VRTAR]\GN<R[JNISS3YIDDF	F[YRPHZF\]@ZNXNFDXBFDF	 UCR[PUN
A8KQI^ BXJ	_UCSOAPLWDO	
QIZFXJ3AYUUNSXLWXZNNXT 7_NMIOAH\C[.SVERNE, _RV\[[	BNKS]_X]@@
CQN\RKYB[Y[[ QV@ZZE
,HYF@XA]@U_QVANLC	PXICGF@\@Y@U	3SXXE	NXXBC[QXJ(JNI\NLWXZ3SBFQQJQ3	QAC\_N@YOVSI@J^_VNVCOVVVJT_NPJW]ZO_QW%		F[YVRH@QPTJW\NXDFJ^JAR	[YRSL@QE8	NXL_QUQNJUJ]GN@U,ER]NXBC[,EPRXWN	 &
PLWDOZIE[QK]@@N[VGZHTVVDO IBL^HX
	<		BNKW_KJ@ICXJ	^UCSOANKS^ KJ
,UQN^HXNVUHSST[@Q	V7@QQXJUJ]G3]ONAY[	
j	PXICG\RV]DOQVSUN]\Z_ZJEGGOJ]T@UA	.EYOVWKB_IGIOJ\@U^QVANLPOVSJF_IV%NVAUA
[VQ]ARYKJ
4E
WXW@@UHSST&]KTSX	,AFJ^JARRAC]@[ER^EQI_DM[VMAR 	AYHTK@SS3ZIAYUVO PAYI@QPUJW\NXIEXQVO	<
[VE@S
]J\\RMQ_IT2JAYS@Q]ARYjVPTNXQW; 	^UCSOASLV[UYWJ_Q^F@YH^\B@SOA		@T_QANE, \RVYFHOA 	B@TKJAICXJRV]GLOA.
]^ANQII CD_FVO

< _SX^HKJ\\RI,B\QNF	&^QVANLC	SXIG[@FDF
	UCWWS@[FX]@PNXKDJG/RAYK\C_]@T_@@C_IGHOJ\@UAC]C\]@	G3QIXQF@OA\\D[OA
=L^NXJ_I CD[;KZHNV[3PUJW\NXDEJ^N]CT\[[QVEQYUPX@@]QNYSBAR	
 <	@@TWX^@@T@VRTVO QAYI@Q		LVX]@@A,F@^\N[YARI\@N]@S=
QNXVOA\\D&RTR[VNP2
AICXJ	]UCPTZHZ_NPJWXRCGC[_VNVFNROA
	1A]@@AC[_V_NMIOA 	C@TKJXIB[_V 3[YPO[NK@_W[O@@R+
CNVGOARI\@3@U^]O	nHOJ\@U]QVBU[SDOIGD]PO^C@N[VB[ANLP%
TBVRVJ]C@NJNI\]@T^@@C_ITJ^K]@@N&NKQBOV@KCCX_V3 P[VC]@_W[2]UIQI/QAYI@QPVJW_ZLACGOJX]@KZWSUN	]YZ_NXT 7]NMKSSPUNER]@@TAVRTVOUCRSSUNjOVQVQIVYTJ^R@N 3]]X@@KCCXnBCZF@R	
 <	C@TKJBI@LZRBAR AYM]@_EU_EQIZAXJ(HNI^AR]E @QQ_V^NMIOAQV@R^E
,IGDF	RVNFISPAUN
A8IQI[L_VYTJ^/][B[YA
	1A^@@C_IGKOJ_UDKWOA		@TU]\TUB_QTF@\GY@U,ER_\RI_QPWXW@@NKNI\]@MJW]RJ_QC;	RV_[[
ACNB\AQLE
,H[F@]@NFISP<H[GNKLP%
TAVRTVO RAYJTJ[CNLE@@GAZGDQHX	[YRTM@Q	V7BQQCD[HX JAYSUNER]@@IBDXHX
&
AC__NLEY]\QX_QW%		D[YSUNB\AQ1P_OVXT 7^NMIOA 	@@TWX_TNXTVRPI^@T]AUA	NKSYKJ
4E
UXWB\\DUA_SX^E AQQ_V
OJ]\GUA3LTDOXIQZCGJHX
	<		@NKREY]\Q%BD]IJ(KNI\]@T]@@@J]EXJNMMQZRJXD@SCOVSME_IT2HAYQI\@@SY^NXJ_QPVXW@@NAYH\C@SZ2XI@GJ^X\@\_UUA	.E[OVR_QZCC7]COJN 3\]XAN QN]WO]@@N[VB[GZWQDO IJMDF	&]QVDS_E @QQ_V^NMIOAQVGRB %IEXJOJN]GITAO[	
j	QXICQEXTM2ITNMA	.EZOVRVQ
]YF@XBT\GUA	NKSYT_T\NXTVR]BAR	
 <	@@T VYANQNXHX KAYSUN@TWDO4XVRRVONM[RSSNN_NP2
@IC	DFK]@[3NNAY[	
j	PXICG\RVYEHSSO[LV_\TTMG_I]XWI[@U,ERX]SVQ
][F@]\NQ[VC@SEER[\NXD+ XWF@NAYAH\C[SNLP%
T@VRTAR]\GN<ZU[VNP2
AICXJ	]UCVRWI\_NPJW]TC@F^_VNVNOOA
=L\NXOBBG^RV\[[	ANKRBNXLC_IV%NVAUA
[VQ]ARYKJ
4E
WXW@@UHSST&UFNKLP%
TAVRTVO RAYL\D\ANLE@@BE]	G@YHX	[YZVUN
A8KQI^ BXJ	_UCSOAPLWDO	
QI]_V 3[YUO[NK@_W_O@@R+
CNVGOARI\D3HVLJ
4E
VXW@@NHNIYAR^KJQQ E@[WHX\N ACUG@SS3ZIAYUVO PAYI@QPUJW\NXIBXHX
&
ACZ_NLEY]\UX_QW%		D[YSUNB\AU1TJW@R+
BNVGUA]SXZTX]@@
CQNYRKUB\T[[ QVHQB	,AEJ^O\A@NJNI\]@T^@@C_ITJ^L]\N<QVGNL\JWNSJCDIQ3	PAC\@SS^P7T^@@QW%		E[YSO[ _]\UZRJ_Q^F@\EU_G@QOA		@TUDO	nKOJY]FUA_SX^E AQQ_V
OJZ\[[,@TKJ@@QB[DVDF	&_QVABVX][=CBQQJQ3	QAC\_N@YOVVMJC[QRV]BOTZTO@Q YERT]NXT 7]NMLRRO[ ]]XANQNXHXNMOSOA=QER[@@QQBDXSXAR	
 <	B@TDO]RJD,RQNF	&^QVANLC	SXIG\CDDF
	UCRVWKTE\]@PNXCC_IT2HAYVH]_N@[OVRVQ
]ZF@]\N		AYUI@QE8	NXL_QUQNJUJ]GN@U,ER]NXBC[ ,MQF@R	
 <	C@TKJBIBCY\JAR AYH[ETHRXEQIR_V3 R[VA\ASB	IQI[Q	BNVGUA	NIZANLR=QQ _V XWR]\GHAOA
	1A_@@CGBDXU%THNV[3PUJW\NXDEJ^K[IYZ[[QV@UZPQ]@@]QNQ\VO

< ]SX\WYANQNXHX KAYSUN@TWDO4XVRUVONM[RSSHN_NP2
@IC	DFK]@]3NHAY[	
j	PXICG\RV]BJ[[O[LV][[[ME_I]XWI]@U,ER_\RK_QPWXW@@NKNI\]@MJWZRVQ^7OJ]@UAY[]C\@@B	,AGJ^J\N]GIR<ZINISS3YIDDF	F[YRVHZG@SBOVSOGASCXJ NM@SOA
	1A]@@AC[ _V_NMIOA 	C@TKJXIE[Q/UCROAQVSS^VJANE, ^RV\
UARSI],UB@TNE
,HZF@]\NR[VBYIQXEQIZBLZTBAR 	AY@__NP2
BIADXUVO PAYI@QPUJW\NXIBXHX
&
AC]_NLEY]\SX_QW%		D[YSUNB\AS1UJW@R+
BNVGUA]SX_ QY_@@
CQNYQC^@U^[[ QVHPB	,AEJ^H]@]@U_QVANLC	PXICGF@[@@N&NKSBOV@KCCZ_V3 P[VC]@_WY2UWXIIT2KAYSUNER\ZPBG_IAXWAZZOMWRO[ L^]ANE, \RV^GIROAQLWDOYIDDF NVAIOA.
]YANQII CDYFVO

< _SX^HKJ\\RK,J_IJ(KNI\]@T]@@BE[CXJNMHUWPJ^F@SCOV[N_QW%		F[YQSI]_N@[OVRVQ
]ZF@]\N		AYUI@QE8	NXK_QUQNJUJ]AN@U,ER]NXBC[ ,M_F@R	
 <	C@TKJBIBB_WHAR AYH[BTGUZEQIR_V3 R[VA\ASB	IQI[Q	BNVGUA	NIZANLR=QQ _V XWR]\GHAOA
	1A_@@CGBDXU%TFNV[3PUJW\NXDEJ^K[E\T[[QV@TWR]Z@@]QNQRVO

< ]SX\WYANQNXHX KAYSUN@TWDO4XVRUVONM[RSSHN_NP2
@IC	DFK]@Z3CJAY[	
j	PXIA[ _V]NMKP[VI@QGERXZPNAEGOJX_[[3PVJW]RK_QPWXWB_TBIOA 	C@TTPX\NXIG]HX
&
ACZ_NLEY]\TX_QW%		D[YPSH_N@R^8\_NXQW; 	^UCQSRUNER__PBC_IAXWEXYDAPOA		@TUDO	nKOJ]\FUA_SX\UP]@@TAVRVI_H\@UAC_F@SZ2XIEGJ^X\@\ZUUA	.E[OVQJBGBDXR%YANV[3PUJW^RK_QPUXWB^[FIOASX[_[Y\NXTVRPKAR	
 <	@@TWYANQNZVM\@@NKNI^CU_KJXI@^Q/UCUOAQVSS^QJANE, ^RV_GHOAH\CZ.V^]O	nHOJ^\FUA]SX\V\]@@
CQN]UK_I[@UNIXANLP%
TBVRUJ\\NP[VA^@V^E AQQAE\TVOUCPVO[1\JWZNXIQEXTLO\N	 &
QLTX\NXBC[,@_F@R	
 <	C@TWYAN QNZRK^@@N[VE_AWWKJ	QQDXJ(HNI]ASB	IQIYBGXHX KAYQO]@\]@MJW_WVQ^7OJZ@UAY[]C\G@B	,AGJ^I]A@UHSSU&XENKLP%
TAVRVJ\\NR[VAYDT^EQI] @A]RVO	AYWO@Q	V7BQQ CEDF	D[YQVLZC@SY_NXHFF]_V
OJ_Y[[,@TKJ@@QB[EVDF	&_QVBR_HKJ\\RL,G^IJ(KNI^ASB	KQIYJMXHX	[YVZOYB_]@PNXNF_IT2HAYRI]_N@[OVPNJJ[Q	BNVEMZZSUN@TRDO4XVRRVONM[RSSON_NP2
@I@DYVOA\\A&WWACQ	V7AQQCEDF	F[YQWM^C@SBOVWMJG\_VNVCMOA
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	<		@NKREY]\T%GJIV3 Q[VA\@NLC	SXIA\DDDF
	UCUUWOTE@SCOVVC_QW%		F[YRSH@QPTJW^UHDCG_RV^@KTSO[	SX] KJ
,UQN^HXNVUHSSU[@Q	V7@QQCEHX\@\Z(M[AYN
A8HQIYBXJ	]UCQUTI\_NPJWZVMEGYQRVXOUA	.EYOVSJB_IGIOJ^Z@ISOAPLU^Z\RVQAQN[QVO	<
[VE@S
]J\\RLQ_IT2JAYPI]@SS^U7^T@@QW%		E[YSO[ _]][UPVQFJ^NU@[UOUA	NKQVE
,HYF@_@\^[[	@NKRB	HQI[QXWC\@U	3SX\E	NXXBC[QXJ(JNI\NLWX_3QCQI/QAYI@QPVJWYZHK_IAXWDUZGM[OA		@T^DO	nKOJ^\GKOA 	B@TKJAICXJRV_GUA3LUDOXIQZCFJHX
	<		@NKREY]\P%@AIV3 Q[VC@SY\NXNKD]QRV_O@PSPUN	][_@@R+
ANVEISQO[ ]]XANQNXHXNMJSOA=QER_@@QQBDXVXAR	
 <	B@TDO]RJA,XQNF	&^QVANLC	SXIF[ AXJNMMSWVL^_NPJW_QVQW; 	]UCQSSK@QPTJW\NXDFJ^JAR	[YPSUNjOVPVQIVYTJ_R@N 3]]X@@KCCYn@DJ^O

< ^SX^E BQQED\HX	[YPVATCY]@PNXIC_IT2HAYQI\A@SY^NXJ_QPVXW@@NAYJ\_N@7@@A_IXVRFK]@^N[[3PTJW\VQB[A+[UXWN	 &
PLWDOZI@_PJAR AYJ[G\DVB	XI@ZQ3	RAC^C\CNLC	QXICG_RV\[[[V@\]@	G3QIYQF@OA\\E[OA
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j	QXICQEXTH2C[NMA	.EZOVRVQ
]YF@XEYZ[[QVET[ SQANIG_HX
	<		BNKP^UDOXIDDF	E[YSO[	SX]KJ
,UQNZHXNVUHSSQ[@Q	V7@QQXJUJ]B3_C[YA
	1A^@@C_IGKOJY]CAOASXZ^P]^NXTVRWNAR	
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A8HQI[Q	ANVBK[WO[LS[X\WK_QTF@^E@N 3_]Z]\PVQ
][F@]\NQ[VC@SEER^\NXD+ XWB@NAYAH\C^SNLP%
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j	SXIFZ _V_NMIOA 	C@TKJXID^Q/UCUOAQVSS^PJANE, ^RV\
UARSI_,UB@TNE
,HZF@]\NR[VBYIQXEQIZBLZTBAR 	AY@__NP2
BIADXWVO PAYI@QPUJW\NXIBXHX
&
AC__NLEY]\QX_QW%		D[YSUNB\AQ1UJW@R+
BNVGUA]SX_ QY_@@
CQNYQC^@U^[[ QVHPB	,AEJ^H]@_@U_QVANLC	PXICGF@[@@N&NKQBOV@KCCX_V3 P[VC]@_W[2USXIIT2KAYSUNER\YQBK_IAXWAYZ@@TUO[ L^YANE, \RV^GIPOAQLWDOYIDDF NVAIOA.
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]ZF@]\N		AYUI@QE8	NXI_QUQNJUJ]CN@U,ER]NXBC[,M_F@R	
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	1A_@@CGBDXW%TFNV[3PUJW\NXDEJ^K[E\T[[QV@TWR]Z@@]QNQRVO

< ]SX\W[ANQNXHX KAYSUN@TWDO4XVRWVONM[RSSJN_NP2
@IC	DFK]@_3NLAY[	
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	1A]@@AC[_V_NMIOA 	C@TKJXIE[Q/UCPOAQVSS^TJANE, ^RV\
UARSI_,UH@TNE
,HZF@]\NR[VB[@Z^EQIZELQTLAR 	AY@U_NP2
BIADXWVO PAYI@QPUJW\NXIBXHX
&
AC__NLEY]\QX_QW%		D[YSUNB\AQ1_JW@R+
BNVGUA]SX_^][@@
CQNYSN^GU\[[ QVHZB	,AEJ^H]@_@U_QVANLC	PXICGF@[@@N&NKQBOV@KCCX_V3 P[VC]@_WY2]WKQI/QAYI@QPVJW_SIAGGOJ__BM[VWUN	]YX]NXT 7]NMKSSRUNER]@@TAVRTVOUCZSO[1\JW]NXIQEXTKO\N	 &
QLWANSJCB4 FDJ^O

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	1A_@@CGBDXU%\E_NMA	.EZOVRVQ
]YF@^AUZCUA	NKQZQ^\ZNXTVRUO^\N	 &
SLUX]]NXDGJ^JARQAC\_N]Q]@@A,F@\\N[YARI\BN]@S=
QNXVOA\\F&RVQ[VNP2
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	1A]@@AC[ _V_NMIOA 	C@TKJXIJ[Q/UCROAQVSS^VJANE, ^RV\
UARSI],]DWLJ
4E
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 QNZTJ\\NP[VC@SY_NXJ_QIVR]JAR<
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	UCPVTI]G\]@PNXKFDG/RAYK\C]]@T_@@C_IGHOJ\@UACUC@SZ2XIBGJ^X\@\]UUA	.E[OVR_QZCE7UO[RVU,ER]@@TBVRWHTBX@U	NI_DQZRQANIE]RVO

< ]SX\WYANQNXHX KAYSUN@TWDO4XVRUVONM[RSSHN_NP2
@IC	DFK]@X3FATAYN
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[VQ]ARZKJ
4E
WXW@@UHSSW&]KZSX	,AFJ^JARRAC]KXERB	XIG]ELXUVO	AYRAZ_NP2
BIGD^HX JAYSUNER]@@IBD]HX
&
ACX_NLEY]\VX_QW%		D[YSUNB\AV1_]OVXT 7^NMIOA 	@@T_[]\NXTVRPLXEY_OUA	NKSV KJ
4E
UXWD\Z[[	@NKRB	HQI[QXWA\Y[[,@TKJ@@QB[GVDF	&_QVABVX]X=KKGIV3 Q[VC@SY\NXKKB]_VNVCORWQNY_NPJW]ZN_QW%		F[YWSO@QPTJW\NXDFJ^JAR	[YRSL@QE8	NXN_QUQNJUJ]DN@U,ER]NXBC[,EPWXWN	 &
PLWDOZIEPTH]\NACXF[BR_KJ	QQ KGDF	&]QVERXE @QQ_V^NMIOAQV@R[E
,I@DF	RVNFISWAUN
A8IQI[L_VYTJY/]TE[YA
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][F@]\NQ[VC@SEER\\WVQ^7OJX@UAY[]C\E@B	,AGJ^J\N]GIW<RA]QV
@S=
QNXHX HAYRN[G\]@ZNXNGJ[KBDF	 UCR[RUN
A8KQI_EXJ	_UCSOAPLWDO	
QIZFXJ3AYWUNSXLWXYNNXT 7_NMIOAH\CX.SVERNE, _RV\[[	BNKSYWXANI@\PC_B_@UNI]IRB	,AEJ^N]F@NJNI\]@T^@@C_ITJ^K]E@N&NKVBOV@KCC__V3 P[VC]@_W]2]VHQI/QAYI@QPVJW]PNJG[QRV_GMUQTN@Q YER\XPVQW; 	]UCRSSA@QPTJW\NXDFJ^JAR	[Y[VUNjOVWVQIVYTJXR@N 3]]X@@KCCYnBCXF@R	
 <	C@TKJBI@C]RNAR AYM\FXDQ]EQIZCXJ(HNI^AR\E @QQ_V^NMIOAQV@R^E
,IFDF	RVNFISQAUN
A8IQI[L_VYTJX/]XG[YA
	1A^@@C_IGKOJ]^EK[SO[LUQZTSJ@_I]XWAX\[[3PVJW]RJK_IGIOJ\@U^QVANLPOVZO_QC;	RVY[[
ACNB\AWLE
,H[F@]@NFISV<HXBNKLP%
TAVRTVO RAYH^@Z@RB	XI@[ AEQTVO	AYRM]_NP2
BIBDX\VO PAYI@QPUJW\NXIL]HX
&
ACY_NLEY]\WX_QW%		D[YSUNB\AW1S^OVXT 7^NMIOA 	@@TTX_ZRVQFJ^I\H^ZELOA SX_QDO	nKOJ]\GAOA 	B@TKJAICXJRVTBUA3LRDOXIQZCAJHX
	<		@NKREY]\W%BG\IJ(KNI\]@T]@@B@ZJDDF
	UCPQRO[B^]@PNXKGDG/RAYH\CT]@T_@@C_IGHOJ\@UACTF@SZ2XIFGJ^X\@\YUUA	.E[OVR_QZCA7UNYRVU,ER]@@TBVRUHZF\\[[QVBS_S]\@@]QNYPNAR	
 <	@@TWXU@@T@VRTVO QAYI@Q		L_]ANnJ^OARUCARSIYQ@SS3XIDHX\@\^(HTRACQ	V7AQQ_V]NMJTZRO@QGERY\[NCCYQRV]@HOA
=L\NXHCCYQ	CNVGUA^SX^E@@BC[Q/UCQOAQVSS^UJANE, ^RV\
UARSIY,]EZLJ
4E
VXW@@NHNI]BPWWDOI@F]TMTI@N[VBXINLP%
TBVRUJ]H@NJNI\]@T^@@C_ITJ^BX\N<QVDNL\JWNSJCFIQ3	PAC\@SS^R7\X[XIIT2KAYSUNER\_VHFCGOJ_^OM[[UUN	]YYUNXT 7]NMHSS[UNER]@@TAVRTVOUC[VO[1\JWYNXIQEXTOO\N	 &
QLWANSJCA4 DFJ^O

< ^SX^E BQQKF^\VO AYWH_@XFSB	XIB\_V3 R[VA\APB	IQI[Q	BNVGUA	NI]ARB %IAXJOJN]GIQAO[	
j	QXICQEXTN2I]NMA	.EZOVRVQ
]YF@ZCXY[[QV@WX^_[@@]QNQUVO

< ]SXZQDOXIDDF	E[YSO[	SXXKJ
,UQN\HXNVUHSSW[@Q	V7@QQXJUJ]B3]@MAY[	
j	PXICG\RV_O@TQO[LSZ\^VJJ_I]XWA[X[[3PVJW^RJA_IGIOJ\@U^QVANLPOVSJC_IV%NVEUA
[VQ]AR\KJ
4E
WXW@@UHSSQ&]DYSX	,AFJ^JARRAC_J_CVB	XIGYBL_\VO	AYRNY_NP2
BIADXVVO PAYI@QPUJW\NXIEXTVO	<
[VA@S
]J\\RHQ_IT2JAYS@Q]AR\jV_[NXQW; 	^UCSOASLTQ[[TVQFJ^N_I]_CNOA SX_QDO	nKOJ^\GKOA 	B@TKJAICXJRV]GIOA.
]ZANQII CDZFVO

< _SX^HKJ\\RH,B\QNF	&^QVANLC	SXIG[ALDF
	UCWPPITBZ]@PNXKDDG/RAYK\C^]@T_@@C_IGHOJ\@UAC]C\]@	G3QIYQF@OA\\E[OA
=L^NXJ_I CD];COJN 3\]XAN QNQ\L]\NACUETFZB	XIJG/RAYH\CT]@T_@@C_IGHOJ\@UAC^C@SZ2XIFGJ^X\@\YUUA	.E[OVR_QZCA7\XWN	 &
PLWDOZIM\PJAR AYAZB]ENLY @@K_IT2HAYRI\K@SY^NXJ_QPVXW@@NAYHZ_N@7@@F_IXVRFK]@YN[[3PTJW\VQB[F+YF@R	
 <	C@TKJBIEAXTVO AYRI[EY]@PNXK_QW%		F[YRSIT_N@[OVRVQ
]ZF@]\N		AYRUNjOVWVQIVYTJXR@N 3]]X@@KCC^n@VRX
	<		ANKRB	KQI\GDDF
	UCPQQ@__NPJW_NXT 7]NMHSS[UNER]@@TAVRTVOUCPOA=QERX@@QQBDXQXAR	
 <	B@TDO]RJF,YIJ(KNI\]@T]@@EJY_VNVEHVQZUN	]ZANE, \RV]GI[OAQLWDOYIDDF NVEUA3LRDOXIQZCAJHX
	<		@NKREY]\W%FQQJQ3	QAC\_N@YOVZKKCGOJY_OKROA		@T KJ
4E
UXWA\\OUA_SX^E AQQ_V
OJ[@U	3SX[E	NXXBC[QXJ(JNI\NLWXX3VXIIT2KAYSUNERZ[TJ_Q^F@YC\Y@UA	NKVB	,AEJ^K]@T@U_QVANLC	PXICGF@X\N<QVDNL\JWNSJCFIQ3	PAC\@SS^R7ZNXQW; 	^UCSOASL^X_\NXTVRSO^DU@UNI[]@S=
 QNYTJU\NP[VC@SY_NXJ_QIVRUHAR<
NIY]@QERO]RJFQG/PAYI_N@R^ 8^OVXT 7^NMIOA 	@@TQX]@@
CQN^POUE@N[VE@SS3ZIEXTBARPAC\_N@ZOVRVQAQNQHX
&
ACY_NLEY]\WX_QW%		D[YSUNB\AU1^[OVXT 7^NMIOA 	@@TS[^\RVQFJ^NTI]\EMOA SX_TDO	nKOJY]FUA_SX^E AQQ_V
OJ]]GUA3LQDOXIQZCCJHX
	<		@NKREY]\U%BJYIJ(KNI\]@T]@@BGY CDDF
	UCWZWNUE[]@PNXKJAG/RAYL]B@SY^NXJ_QPVXW@@NAYH]C@SZ2XIEGJ^X\@\[UUA	.E[OVR_QZCC7UC\RVU,ER]@@TBVRUN]I\\[[QVE[^^Y]@@]QNY]KAR	
 <	@@T VYANQNXHX KAYSUN@TVXANnJ^LARUCARSI[Q@SS3XIDHX\@\[(HZSACQ	V7AQQ_V]NMHPZTI\_NPJWXZLBK^_VNVF@SOA
	1A]@@FBZQ	CNVGUA^SX^E@@BB[Q/UCUOAQVSS^PJANE, ^RV\
UARSI[,]HULJ
4E
VXW@@NHNI]EZ_WDOIFE^WHXB@N[VBUFNLP%
TBVRQK\\NP[VC@SY_NXJ_QIVRUK]\N<QVGNL\JWNSJCDIQ3	PAC\@SS^P7\UTXIIT2KAYSUNER\XTCCCGOJY]EIRZVUN	]YTZNXT 7]NMLRRO[ ]]XANQNXHXNMHRSO[1\JWZNXIQEXTMO\N	 &
QLWANSJCD4 JAJ^O

< ^SX^E BQQ GA_TJAR AYL\D[@QVEQIZFXJ(HNIY@SB	IQI[Q	BNVGUA	NI]@RB %IEXJOJN]GITAO[	
j	QXICQEXTM2AUXUCA
=L_NXJ_QPUXWAXXBISOA		@T W[Y\ZK_QTF@\IX@U,ERX]SVQ
][F@]\NQ[VC@SEER\]RVQ^7OJZ@UAY[]C\F@B	,AGJ^J\N]GIT<R@UQV
@S=
QNXHX HAYRL\F\ANLE@@FA_@B^HX	[YRZ@@Q	V7BQQBEDF	D[YSO[ \]XANQQ BDDF(AYO@Q@TVX][@VQW; 	_UCSO[]C\F=__JW@R+
BNVGUA]SX_^[]\NXTVRQH]F_\NUA	NKSWKJ
4E
UXWE]][[	@NKRB	HQI[QXWA]\[[,@TKJ@@QB[DVDF	&_QVABVX]_=IQI/QAYI@QPVJW]TCA_IAXWC^^NJOA SX]E
,HYF@_@\_[[	@NKRB	HQI[QXWC@N&NKQBOV@KCCX_V3 P[VC]@_W[2^@@QW%		E[YSO[ _]YXUTVQFJ^H\E^U[[ QVCNLP%
TBVRVJ]C@NJNI\]@T^@@C_ITJ^HAR<
NI_]@QERO]RJ@QG/PAYI_N@R^8YOVXT 7^NMIOA 	@@TRX]@@
CQNYTM[E@N[VB@SS3ZIFXTIARPAC\_N@ZOVRVQAQNYHX
&
AC__NLEY]\QX_QW%		D[YSUNB\AQ1ERNE, _RV\[[	BNKP^QDOIDA[PCAR 	AYN@Q	V7BQQCD[HX JAYSUNER]@@IBFDF(AYJ@Q@TVX]_@VQW; 	_UCSO[]C\B=X]O	nHOJ\@U]QV@[VKJQQGAPQVO	AYUUN
A8KQIYCGDF	D[YSO[ \]XANQQ_V 3[YPO[NK@_W[O@@R+
CNVGOARI\@3D@TNE
,HZF@]\NR[VBTIVB	XIFX	AEDF	 UCVOA
	1A]@@AC[_V_NMIOA 	C@TKJXIDG
2NMJOA
NIN@R^EDO	nIOJ\[[RSSJ3GNKLP%
TAVRTVO RAYH[KT]@ZNXN@C^_VNVCUA	.EYOVPJC@G^RV\[[	ANKRBNXO_QC;	RV_[[
ACNB\AQLE
,H[F@]@NFISP<H\GNKLP%
TAVRTVO RAYHT@ZENLE@@BJ[ EB_HX	[YRSM@Q	V7BQQCD[HX JAYSUNER]@@IEADF(AYJ@Q@TVX]_@VQW; 	_UCSO[]C\B=_RJW@R+
BNVGUA]SX_QXY@@
CQNY]HUE[T[[ QV@R[E
,HYF@_@\_[[	@NKRB	HQI[QXWFY@U	3SX]E	NXXBC[QXJ(JNI\NLWX^3[XIIT2KAYSUNER_^TB_Q^F@TFT[OUA	NK[B	,AEJ^H]@_@U_QVANLC	PXICGF@_@@N&NKQBOV@KCCX_V3 P[VC]@_W[2T@@QW%		E[YSO[ _]Z\[PVQFJ^B[A]X[[ QVINLP%
TBVRVJ]C@NJNI\]@T^@@C_ITJ^K[\N<QVBNL\JWNSJC@IQ3	PAC\@SS^T7\\RXIIT2KAYSUNER\[VJG_IAXWA[UCIQPO[ LVX]@@R+
ANVEISPO[ ]]XANQNXHXNMOVOA=QER^@@QQBDXWXAR	
 <	B@TDO]RJ@,ZBVRX
	<		ANKRB	KQIZE@\HX	[YR[K\J_ENLY @@BCZQ3	RAC^C\BNLC	QXICG_RV\[[[VEY]@	G3QIXQF@OA\\D[OA
=L^NXJ_I CD[;K]BNV[3PUJW\NXDEJ^KZHTX[[QV@ZZ_\X@@]QNYTHAR	
 <	@@TWX^@@T@VRTVO QAYI@Q		LQ]ANnJ^IARUCARSI_Q@SS3XIDHX\@\_(HSPACQ	V7AQQ_V]NMH[RQM@QGER\TUNDF]QRV]GJOA
=L\NXHCCXQ	CNVGUA^SX^E@@EFG
2NMJOA
NIN@R^EDO	nIOJ\[[RSSH3FNKLP%
TAVRTVO RAYHTKX]@ZNXO@KY _VNVBUA	.EYOVPJCBG^RV\[[	ANKRBNXM_QC;	RV][[
ACNB\ASLE
,H[F@]@NFISR<MNISS3YIDDF	F[YRTAT_NPJWXQJFDGOJX@U,ER_\RK_QPWXW@@NKNI\]@MJWYNXD+ XWA@NAYAH\C]SNLP%
T@VRTAR]\GH<TACQ	V7AQQ_V]NMKSTUUN]_X_VC_QTF@Z\N	 &
SLUX]]NXDGJ^JARQAC\_N]Y_@@A,F@\\N[YARI\BN]@S=
QNXVOA\\F&UAYN
A8HQI[Q	ANVF@[SO[LQ\XTWVQGJ^LAR	
 <	@@TWX\@@T@VRTVO QAYI@Q		L^DO4XVRUVONM[RSSHN_NP2
@IC	DFK]@]3F[YA
	1A^@@C_IGKOJ]YGIOASX_P^X@@]QNYHX
	<		BNKP^VDOXIDDF	E[YSO[	SX_E
,IEDF	RVNFISRAUN
A8IQI[L_VYTJ\/_NMA	.EZOVRVQ
]YF@\FU^[[QVBP\TDO I@XJ(HNI^AR_E @QQ_V^NMIOAQVBNLR=QQ _V XWR]\GHAOA
	1A_@@CGBDXU%_RVU,ER]@@TBVRUOTF@N[VA]DPWEQIYQ3	RAC^C\@NLC	QXICG_RV\[[[VA@SZ2XIBGJ^X\@\]UUA	.E[OVR_QZCE7]XWN	 &
PLWDOZIFZRBAR AY@ZK[INLY @@J_IT2HAYQI\B@SY^NXJ_QPVXW@@NAYK\_N@7@@B_IXVRFK]@]N[[3PTJW\VQB[B+PF@R	
 <	C@TKJBIAE_VVO AY[O]BX]@PNXB_QW%		F[YQSI]_N@[OVRVQ
]ZF@]\N		AYRO@QE8	NXK_QUQNJUJ]AN@U,ER]NXBC[,CJ^O

< ^SX^E BQQ@DXHX	[YTVJXJ@SCOVUVQW; 	]UCVRRUNER]@@TAVRTVOUCRQO[1\JWZNXIQEXTMO\N	 &
QLWANSJCD4QNF	&^QVANLC	SXIE[CXJNMOWV[L@Q YER[@@R+
ANVBHROAQLWDOYIDDF NVNUA3LQDOXIQZCCJHX
	<		@NKREY]\U%FQQJQ3	QAC\_N@YOVWMCCGOJY_OKROA		@T KJ
4E
UXWE]][[	@NKRB	HQI[QXWG@N&NKTBOV@KCC\_V3 P[VC]@_W_2X@@QW%		E[YSO[ _]]Y\RVQFJ^N^@Y[[[ QVENLP%
TBVRQK\\NP[VC@SY_NXJ_QIVRQVO	<
[VE@S
]J\\RMQ_IT2JAYS@Q]ARYjTJW@R+
BNVGUA]SX[WXANIGZVC^\N AC__NP2
BIFEYHX JAYSUNER]@@I@XJ3AYUUNSXLWXZNNXT 7_NMIOAH\C[.PLJ
4E
VXW@@NHNIXIR^EQIY FFQHX	[YQO[	
j	SXIFZ _V_NMIOA 	C@TKJXIAG
2NMOOA
NIN@R^EDO	nIOJ\[[RSSN3BNKLP%
TAVRTVO RAYMYC\]@ZNXKCD]_VNVFUA	.EYOVWKB_IGIOJ\@U^QVANLPOVSVQ^7OJZ@UAY[]C\F@B	,AGJ^J\N]GIT<Z[VNP2
AICXJ	]UCUZSI@QGERTZZMK_I]XWI@N 3_]]\]NXDGJ^JARQAC\_N]Z]@@A,F@[\N[YARI\DN]@S=
QNXVOA\\@&[AYN
A8HQI[Q	ANVAOSSO[L_^\]VVQGJ^BAR	
 <	@@T VYANQNXHX KAYSUN@TQDO4XVRRVONM[RSSNN_NP2
@IC	DFK]@Z3FJSAYN
A8HQIYBXJ	]UCZP[M\_NPJW^TOFB\_VNVFJSOA
	1A]@@BCZQ	CNVNJ[WSUNERT_ZNC_ITJ^B]\N<QVGNL\JWNSJCEIQ3	PAC_C]NLWX[3SIBQQJQ3	QAC^C]]@T]@@JGRCXJNMKU[TMZE@SCOVSIB_IT2HAYRI]_N@[OV[NJA[Q	BNVNMZQSUN@TWDO4XVRRVONM[RSSON_NP2
@I@DYVOA\\A&RPQ[VNP2
AIADYHX HAYZO\C\]@ZNXHDBRFMDF	 UCRPQUN
A8KQIZBXJ	_UCZUSI\_N@ZOV[LCC[QXWH\@U	3SXXE	NXXBC[QXJ(JNI_ASEY]\T%B@XIJ(KNI^ASB	KQIRCLXHX	[YQTL^CYCNLY @@B@XQ3	RAC]C]]@T_@@JD[	CXJ	^UCZTSA\_N]P]@@A,F@[\N[YARI\EN]@S=
QN[TK\N]GIU<RJXQV
@S=
QNZTKARRACUK]GRB	XIA\	GG\QVO	AYRJX_NP2
BIBDYHX JAYZA]E\]@T^@@JKZCXJRVTGUA3LQDOXIQZCBJHX
	<		@NKQ^DO]RJE,ZFVRX
	<		ANKP^KJBIJMZPJAR AYKTBZGQVEQIZFXJ(HNI]ASB	IQIRA@XHX KAYZ@^G\]@MJWTRVQ^7OJZ@UAY[]C\G@B	,AGJ^I]A@UHSSU&]@ZSX	,AFJ^H]A@NHNI]AR]WDOIAL\\C^A@N[VB_GNLP%
TBVRUJ\\NP[VB\AQ\KJAIBDXWH]\N		AY[I@QE8	NXL_QUQNJUJ]FN@U,ER^\S_QZCB7UIZRVU,ER_\SVQ
]YF@\@]XGIOASX\_Y_^VVQGJ^K^G@N 3_]Y]]NXDGJ^K]AX\GUA^SX_V\]\NXILXHX
&
ACZ_NLEY]\TX_QW%		D[YPSH_N@R^8Y^T@@QW%		E[YQSH@QPVJW]RHGK[QRV^NHPVRN@Q YER\_ZVQW; 	]UCRSRUNER\\PNKCG_RV]GKW[SUN@TWDO4XVRRVONM[RSSON_NP2
@I@DYVOA\\A&RPZ[VNP2
AIADYHX HAYRI_FZANLE@@AJ_KEXHX	[YRP@@Q	V7BQQ CEDF	D[YRSJYE\]@T^@@BCXEDDF NVOIOA.
]^ANQII CD^FVO

< _SX]VANSJCD4	KVRX
	<		ANKRB	KQI_KAXHX	[YRW@XG^@NLY @@KKG/RAYL]B@SY^NXJ_QPVXW@@NAYLY_N@7@@E_IXVRFK]@[N[[3PTJW\VQB[D+P]XWN	 &
PLWDOZI@^QHX\NAC]F]ITZKJ	QQ	JXJ(HNIY@SB	IQI[Q	BNVGUA	NIYDNLR=QQ_V XWR]\GNAOA
	1A_@@CGBDXS%UDNV[3PUJW\NXDEJ^N^AY\[[QV@QWR\Y@@]QNPPVO

< ]SX[VDOXIDDF	E[YSO[	SX[ KJ
,UQN^HXNVUHSST[@Q	V7@QQXJUJ]G3TB[YA
	1A^@@C_IGKOJX_OKVOA		@TSZ\[TI_QTF@UE@N 3_]]\]NXDGJ^JARQAC\_N]]X@@A,F@[\N[YARI\DN]@S=
QNXVOA\\@&[UACQ	V7AQQ_V]NMMWVSI@QGER\XVOJKYQRVTAUA	.EYOVWKB_IGIOJ\@U^QVANLPOVWO_QC;	RVZ[[
ACNB\AULE
,H[F@]@NFIST<A[QV
@S=
QNXHX HAYWL]DY]@ZNXKGD[CFDF	 UC[TO[	
j	SXIFZ _V_NMIOA 	C@TKJXIF^Q/UCUOAQVSS^PJANE, ^RV\
UARSI[,TA@TNE
,HZF@]\NR[VG\EW^EQIZCD^RMAR 	AYA\_NP2
BIFEYHX JAYSUNER]@@IFADF(AYO@Q@TVX][@VQW; 	_UCSO[]C\F=VERNE, _RV\[[	BNKV_U]ANIE[VNUHZ@UNIT@NLP%
TBVRQK\\NP[VC@SY_NXJ_QIVRQOAR<
NIZ]@QERO]RJDQG/PAYI_N@R^8P_NXQW; 	^UCSOASLSYU\RVQFJ^K^DU]GLOA SXVKJ
4E
UXWE]][[	@NKRB	HQI[QXWEY@U	3SXXE	NXXBC[QXJ(JNI\NLWXZ3ZIQI/QAYI@QPVJWXPNDFGOJ]_@JPQWUN	]P^@@R+
ANVBHROAQLWDOYIDDF NVBLOA.
]^ANQII CD_FVO

< _SX^HKJ\\RL,F[IJ(KNI^ASB	KQIYK@XHX	[YU[H[AU]@PNXOC_IT2HAYRI]_N@[OVPMKG[Q	BNVEN[WSUN@TWDO4XVRRVONM[RSSON_NP2
@I@DYVOA\\A&VRACQ	V7AQQCEDF	F[YQ[M[C@SBOVUJCF]_VNVBHOA
=L\NXKCBG^RV^OMTSO[ \]ZUXUJ_QIVRPJAR<
NIZ]@QERO]RJEQG/PAYJ\B]@_W^2YPXIIT2KAYQI]_N@YOVPCBC[QRV[F@WSPUN	]]_@@R+
ANVFIROAQLUQ\\RVQ
]ZF@_I]\GUA	NIXANLR=QQ_V XWR]\GOAOA
	1A_@@@CZL_VYTJ[/Y_UCA
=L_NXHCBG\RV^NNPSO[LP[U^VK_QTF@XC@N 3_]Y]]NXDGJ^HTG_\[[	ANKPWTXANQQCXJ3AYUUNSXLWX[NNXT 7_NMJSRUNB\AT1 SJW@R+
BNVEIROASLTX^ZRVQFJ^MXG\[OUA	NKWZE
,HYF@\@]@U_QVBR]WDOYIGXWL]\N		AYWI@QE8	NXL_QUQNJUJ]FN@U,ER^\S_QZCB7QOOJN 3\]Z]]NXDEJ^I]IU\[[QVFU[V]ANIA]HX
	<		BNKS^KJ@I@DQ]JARQAC_CUHRBNXNC_IV%NVAUA
[VQ]ARXKJ
4E
WXWC\]
UARSIZ,YG@TNE
,HZF@_@]@U]QVBSXWDOIDM\SO_\N ACYE@SS3ZIEXUVO PAYJ]E^ANLC	PXI@ZADDF NVCIOA.
]^ANQII CD^FVO

< _SX]VANSJCE4DVRX
	<		ANKP^KJBI@FZQJAR AYA]@YHRB	XIF\Q3	RAC]C]]@T_@@@AYCXJ	^UCPQQL\_N]\]@@A,F@[\N[YARI\EN]@S=
QN[TK\N]GIU<VANISS3YIFXUVO RAYJ^KTANLE@@K@YACDF	 UCV[O[	
j	SXIB[ _V_NMJQ[[I@QPUJW_PBKCGF@Y@@N&NKTBOV@KCC]_V3 P[V@\@BVX]Z=OJQQJQ3	QAC^C]]@T]@@@@^ CXJNMAVRQOX_NPJWY[VQW; 	]UCRSRUNER^_WKC_IGHOJ__BHSOANKV^E
,IBDF	RVNFISUAUN
A8IQIXB	DFK]@Y3NLAY[	
j	PXICG\RV[FH[SO[LV^[TVNB_I]XWIY@U,ER\\RB_QPWXW@@NKNI\]@MJWZRVQ^7OJY@UAY[]C\D@B	,AGJ^J\N]GIV<ZMNISS3YIDDF	F[YTSK\C@SBOVSLG@XFXJ NM@WOA
	1A]@@BC[	_V_NMIOA 	C@TKJXIE[Q/UCVOAQVSS^RJANE, ^RV\
UARSIY,UF@TNE
,HZF@]\NR[VD_@V^EQIZBL^SNAR 	AY@[_NP2
BIBDX\VO PAYI@QPUJW\NXIBXHX
&
ACY_NLEY]\WX_QW%		D[YSUNB\AW1QJW@R+
BNVGUA]SXYV^]@@
CQNYRC^EY[[[ QVHTB	,AEJ^K]@T@U_QVANLC	PXICGF@[@@N&NKWBOV@KCC^_V3 P[VC]@_W]2USXIIT2KAYSUNER[[PLC_IAXWAYZ@@TUO[ L^YANE, \RV]GI[OAQLWDOYIDDF NVAIOA.
]]ANQII CD]FVO

< _SX^HKJ\\RO,J[IJ(KNI\]@T]@@EEY	CXJNMHVWQAZC@SCOV[J_QW%		F[YRSIT_N@[OVRVQ
]ZF@]\N		AYUI@QE8	NXO_QUQNJUJ]EN@U,ER]NXBC[,M[F@R	
 <	C@TKJBIEMZVJAR AYHZBTCRVEQIR_V3 R[VB\AZB	IQI[Q	BNVGUA	NIZANLR=QQ_V XWR]\GLAOA
	1A_@@CGBDXQ%TBNV[3PUJW\NXDEJ^LUBX\[[QV@WWWQ_@@]QNQVVO

< ]SX_WPANQNXHX KAYSUN@TWDO4XVRQVONM[RSSLN_NP2
@IC	DFK]@Y3N@AY[	
j	PXICG\RV[BHSSO[LV_[T[JE_I]XWIU@U,ER\\RB_QPWXW@@NKNI\]@MJWZRVQ^7OJY@UAY[]C\D@B	,AGJ^J\N]GIV<ZANISS3YIDDF	F[YTWH^C@SBOVSMG@\CXJ NM@[OA
	1A]@@BC[	_V_NMIOA 	C@TKJXIE[Q/UCVOAQVSS^RJANE, ^RV\
UARSIX,]I[LJ
4E
VXW@@NHNI]IZXKJQQKFXQC]\N AC]KU]@S=
 QN\TLARPAC\_N@ZOVRVQAQNYTOAR<
NIX]@QERO]RJGQG/PAYI_N@R^8YUT@@QW%		E[YSO[ _]YU[PJ_Q^F@YG[UDKTOA		@T_PANE, \RVXGOOA 	B@TKJAICXJRV]GLOA.
]\ANQII CD\FVO

< _SX^HKJ\\RK,K]IJ(KNI\]@T]@@BGXCXJNMHWWV@TA@SCOVZL_QW%		F[YQSI]_N@[OVRVQ
]ZF@]\N		AYVL@QE8	NXK_QUQNJUJ]AN@U,ER]NXBC[ ,L_F@R	
 <	C@TKJBIB@]ULAR AYHXD\CR\EQIS_V3 R[VA\ASB	IQI[Q	BNVGUA	NIYDNLR=QQ _V XWR]\GHAOA
	1A_@@CGBDXU%UDNV[3PUJW\NXDEJ^K^HZT[[QV@QWR\Y@@]QNPPVO

< ]SX\WYANQNXHX KAYSUN@T RDO4XVRUVONM[RSSHN_NP2
@IC	DFK]@]3OLAY[	
j	PXICG\RV]CI[WO[LV\_]UL@_I]XWHY@U,ER_\RK_QPWXW@@NKNI\]@MJWYWVQ^7OJ]@UAY[]C\@@B	,AGJ^J\N]GIR<[KNISS3YIDDF	F[YRPM_E@SBOVSIGJZFXJ NMAQOA
	1A]@@AC[ _V_NMIOA 	C@TKJXIF^Q/UCROAQVSS^VJANE, ^RV\
UARSI],TB@TNE
,HZF@]\NR[VB_GW\EQIZDG[VNAR 	AYA__NP2
BIADXUVO PAYI@QPUJW\NXIA]HX
&
AC]_NLEY]\SX_QW%		D[YSUNB\AS1WJW@R+
BNVGUA]SX_WXY@@
CQNYWJ]FZ[[[ QVIRB	,AEJ^H]@]@U_QVANLC	PXICGF@XE@N&NKSBOV@KCCZ_V3 P[VC]@_WY2TSXIIT2KAYSUNER\_PHC_IAXWA_^CA[UO[ L_YANE, \RV^GIROAQLWDOYIDDF NVBLOA.
]YANQII CDYFVO

< _SX^HKJ\\RK,KSIJ(KNI\]@T]@@BG\AXJNMHWZWM^B@SCOVZB_QW%		F[YQSI]_N@[OVRVQ
]ZF@]\N		AYVL@QE8	NXK_QUQNJUJ]AN@U,ER]NXBC[ ,LQF@R	
 <	C@TKJBIB@QPBAR AYHYBTGV^EQIS_V3 R[VA\ASB	IQI[Q	BNVGUA	NIYDNLR=QQ _V XWR]\GHAOA
	1A_@@CGBDXQ%XANV[3PUJW\NXDEJ^I^D]Y[[QVFR^ Q^ANIAYHX
	<		BNKS^_DOXIDDF	E[YSO[	SXZKJ
,UQN]HXNVUHSSV[@Q	V7@QQXJUJ]E3YG[YA
	1A^@@C_IGKOJ_^AASOA		@T_YZ^[VQGJ^O]\N	 &
SLVX]TNXDGJ^JARQAC\_N]\]@@A,F@X\N[YARI\FN]@S=
QNXVOA\\A&RTU[VNP2
AIADYHX HAYRMTFZANLE@@GAR @@_HX	[YRTO@Q	V7BQQ CEDF	D[YRWAYE\]@T^@@BGSEDDF NVFISOA=QER[@@QQBDXRXAR	
 <	B@TWY@@KCCXnKDJ^O

< ^SX^E BQQ @DXPVO AYRJ\CZGUB	XIK[Q3	RAC^C\BNLC	QXICG_RV\[[[VFY]@	G3QIXQF@OA\\D[OA
=L^NXJ_I CD[;B\RVU,ER]@@TBVRUI_B\@U	NI]BPZ_^ANILYHX
	<		BNKP^TDOXIDDF	E[YSO[	SX[ KJ
,UQN[HXNVUHSSP[@Q	V7@QQXJUJ]C3TE[YA
	1A^@@C_IGKOJ]_CJUOA		@TT\T]RO_QTF@UB@N 3_]Z]\QVQ
][F@]\NQ[VC@SEERXYNXD+ XWC@NAYAH\C_SNLP%
T@VRTAR]\GJ<[P[VNP2
AICXJ	]UCRPUL^_NPJW]QM@@Y_VNVOJOA
=L\NXHCCXQ	CNVGUA^SX^E@@FFG
2NMJOA
NIN@R^EDO	nIOJ\[[RSSJ3KXSX	,AFJ^JARRAC]@TGZB	XIBXDA\PVO	AY[M@Q	V7BQQCD[HX JAYSUNER]@@IFADF(AYJ@Q@TVX]_@VQW; 	_UCSO[]C\B=V ERNE, _RV\[[	BNKSZ_\ANIE\VKZF_@UNITDNLP%
TBVRVJ]C@NJNI\]@T^@@C_ITJ^OX\N<QVBNL\JWNSJC@IQ3	PAC\@SS^T7UZ@@QW%		E[YSO[ _]YY_RJ_Q^F@\DXYNAQOA		@TQDO	nKOJ^\GJOA 	B@TKJAICXJRVYBUA3LTDOXIQZCGJHX
	<		@NKREY]\Q%KDIV3 Q[VC@SY\NXKGFZ_VNVFMTSQI^_NPJWTUVQW; 	]UCQSSJ@QPTJW\NXDFJ^JAR	[YVVUNjOVQVQIVYTJ^R@N 3]]X@@KCCXnKLJ^O

< ^SX^E BQQ GC[VVO AYRMUGXCSB	XIKSQ3	RAC^C\BNLC	QXICG_RV\[[[VFY]@	G3QIXQF@OA\\D[OA
=L^NXJ_I CD[;BTRVU,ER]@@TBVRUNTDT@U	NI]DSVSXANILQHX
	<		BNKP^TDOXIDDF	E[YSO[	SX[ KJ
,UQN[HXNVUHSSP[@Q	V7@QQXJUJ]H3TUCA
=L_NXJ_QPUXWFZ\GUA	NKZXV\ANILDF	&]QVES_E @QQ_V^NMIOAQV@TB %IEXJOJN]GI[AO[	
j	QXICQEXTB2INV[3PUJW\NXDEJ^LT@\@U	NIUGZYKJ	QQ_V3 R[VG]@NLC	QXICG_RV\[[[VA\]@	G3QI]QF@OA\\O[OA
=L^NXJ_I CD^;KZANV[3PUJW^RK_QPUXWAX]NOSOA		@TWQY\RH_QTF@\G]@U,ER\\SVQ
][F@\D]UAIOA 	C@TSYTZRVQAQNYTJAR<
NIZ]@QERO]RJEQG/PAYJ\B]@_W]2YUXIIT2KAYSUNER^[ZHF_IAXWH]_B@SOA		@T PDO	nKOJ]\GAOA 	B@TKJAICXJRVXGUA3LRDOXIQZCAJHX
	<		@NKREY]\W%FEIV3 Q[VC@SY\NXIDCR_VNV@@WTVK@Q YERXZNXT 7]NMHSS[UNER]@@TAVRTVOUCWSO[1\JWYNXIQEXTOO\N	 &
QLWANSJCB4 A@J^O

< ^SX^E BQQ@@]VVO AYQM[A]F[B	XIBY_V3 R[VA\ASB	IQI[Q	BNVGUA	NI[DNLR=QQ _V XWR]\GHAOA
	1A_@@CGBDXU%\BYNMA	.EZOVRVQ
]YF@_C[^CUA	NKP[U^ZTNXTVRUHX\N	 &
SLUX]]NXDGJ^JARQAC\_N]_X@@A,F@\\N[YARI\BN]@S=
QNXVOA\\F&RQU[VNP2
AICXJ	]UCQPZ@Z_NPJW^WI@B\_VNVFKUOA
	1A]@@AC[ _V_NMIOA 	C@TKJXID^Q/UCROAQVSS^VJANE, ^RV\
UARSI],]CULJ
4E
VXW@@NHNI^EPXKJQQFB[RM[\N AC]A[]@S=
 QNZTJ\\NP[VC@SY_NXJ_QIVRSOAR<
NI]]@QERO]RJBQG/PAYI_N@R^8Y_\@@QW%		E[YSO[ _]Z__TN_Q^F@_CY\FAPOA		@TUXANE, \RV^GIROAQLWDOYIDDF NV@LOA.
]YANQII CDYFVO

< _SX^HKJ\\RK,BY QNF	&^QVANLC	SXIAY@BDF
	UCQP[IZK^]@PNXKABG/RAYK\C]]@T_@@C_IGHOJ\@UAC[F@SZ2XIBGJ^X\@\]UUA	.E[OVR_QZCE7UH_RVU,ER]@@TBVRVHT@T@U	NI^ES__YANIEZVVO

< ]SX\WYANQNXHX KAYSUN@TRDO4XVRUVONM[RSSHN_NP2
@IC	DFK]@]3FKPAYN
A8HQI[Q	ANVEJR[SUN]ZYXSLKCGOJ]^DUA	.EYOVPJCBG^RV\[[	ANKRBNXMF_IV%NVFUA
[VQ]AR_KJ
4E
WXW@@UHSS[&TBNKLP%
TAVRTVO RAYM]B^DNLE@@B@YKL^HX	[Y[RUN
A8KQI_ BXJ	_UCSOAPLWDO	
QI^_V 3[YUO[NK@_WPO@@R+
CNVGOARI\K3IRLJ
4E
VXW@@NHNIXAV[KJQQ @DXRLZ\N ACTC@SS3ZI@YUVO PAYI@QPUJW\NXIA]HX
&
ACZ_NLEY]\ZX_QW%		D[YSUNB\AZ1TJW@R+
BNVGUA]SXZS_X@@
CQNYWM^C^X[[ QVIQB	,AEJ^N\A@NJNI\]@T^@@C_ITJ^OX\N<QVGNL\JWNSJCKIQ3	PAC\@SS^_7U^@@QW%		E[YSO[ _]\\TRJ_Q^F@\CXUFIVOA		@TUDO	nKOJX]FUA_SX^E AQQ_V
OJYY[[,@TKJ@@QB[KVDF	&_QVABVX]T=BFQQJQ3	QAC\_N@YOVVIKA^QRV]CKRTUJ@Q YERUYNXT 7]NMMRRO[ ]]XANQNXHXNMLVOA=QER[@@QQBDX\XAR	
 <	B@TDO]RJB,ZJVRX
	<		ANKRB	KQIYKEZHX	[YQUKXE[ENLY @@BARQ3	RAC^C\@NLC	QXICG_RV\[[[VDY]@	G3QIZQF@OA\\F[OA
=L^NXJ_I CDP;BZRVU,ER]@@TBVRPO\GY@U	NI]EU^WZANIL_HX
	<		BNKV_KJ@ICXJ	^UCSOANKW[E
,IBDF	RVNFIS[AUN
A8IQI[L_VYTJU/TZUCA
=L_NXJ_QPUXWDXYGIOASX_S]TTPVQGJ^B[\N	 &
SLSY\@@T@VRTVO QAYI@Q		LR]ANnJ^LARUCARSITQ@SS3XIDHX\@\Y(HVVACQ	V7AQQ_V]NMHWQVA\_NPJW_VCK@\	_VNVFLVOA
	1A]@@BC[	_V_NMIOA 	C@TKJXIJ[Q/UCVOAQVSS^RJANE, ^RV\
UARSIY,]DVLJ
4E
VXW@@NHNI]ES_WDOI@@^VNTG@N[VBYENLP%
TBVRUJ]H@NJNI\]@T^@@C_ITJ^C]\N<QVDNL\JWNSJCFIQ3	PAC\@SS^R7\YUXIIT2KAYSUNER\XWIKCGOJ_Y@IRWSUN	]YX[NXT 7]NMHSS[UNER]@@TAVRTVOUCZSO[1\JWYNXIQEXTOO\N	 &
QLWANSJCF4 FBJ^O

< ^SX^E BQQ GGQ\JAR AYJY@XCWWEQIZEXJ(HNI]ARVE @QQ_V^NMIOAQVHRB %IFXJOJN]GIVAO[	
j	QXICQEXTO2AY]UCA
=L_NXJ_QPUXWA_ZNASOA		@TT]YTWN_QTF@\E]@U,ER\\RB_QPWXW@@NKNI\]@MJWURVQ^7OJY@UAY[]C\D@B	,AGJ^J\N]GIV<RL\QV
@S=
QNXHX HAYRJYFTANLE@@@@Z	JC[HX	[YRVI@Q	V7BQQ CDPHX JAYSUNER]@@IJDDF(AYL@Q@TVX]Y@VQW; 	_UCSO[]C\D=_ TJW@R+
BNVGUA]SX_^_U\NXTVRWN_FZ]AUA	NKS[KJ
4E
UXWA\\OUA_SX^E AQQ_V
OJU\[[,@T KJ@@QB[FVDF	&_QVABVX]Y=KFAIV3 Q[VC@SY\NXK@KX	CXJNMJPZSN_F@SCOVSOA_IT2HAYRI\K@SY^NXJ_QPVXW@@NAY@\_N@7@@F_IXVRFK]@YN[[3PTJW\VQB[F+YQCOJN 3\]XAN QNYPB\H\@U	NI_GV_WZANIE]]VO

< ]SX_WPANQNXHX KAYSUN@TWDO4XVRQVONM[RSSLN_NP2
@IC	DFK]@Y3FL[AYN
A8HQI[Q	ANVFMUT[I@QGER^ZRLCAZQRV]BAOA
=L\NXKCCSQ	CNVGUA^SX^E@@JCG
2NMLOA
NIN@R^ EDO	nIOJ\[[RSSM3BYI@TNE
,HZF@]\NR[VBXFR^EQIXCBXVKAR 	AYHYK@SS3ZI@XRVO PAYI@QPUJW\NXIMXHX
&
ACX_NLEY]\VX_QW%		D[YSUNB\AV1RQOVXT 7^NMIOA 	@@TSP_YNXTVRWLYAU\EUA	NKS[KJ
4E
UXWD\Z[[	@NKRB	HQI[QXWI\@U	3SXZE	NXXBC[QXJ(JNI\NLWXX3SN@QQJQ3	QAC\_N@YOVSHEA\_VNVDI[SPOX_NPJW]VI_QW%		F[YRSIT_N@[OVRVQ
]ZF@]\N		AY[L@QE8	NXO_QUQNJUJ]EN@U,ER]NXBC[,E]TXWN	 &
PLWDOZIE[SJ]\NAC_@]I[YKJ	QQ FDDF	&]QVERXE @QQ_V^NMIOAQVHRB %IGXJOJN]GIWAO[	
j	QXICQEXTN2AY]UCA
=L_NXJ_QPUXWA_TELOASX]R\UYVVQGJ^KXA@N 3_]\]ZNXDGJ^JARQAC\_N]Q]@@A,F@Y\N[YARI\GN]@S=
QNXVOA\\C&RVQ[VNP2
AICXJ	]UCRPZL\_NPJW_QCCDX_VNVFLQOA
	1A]@@GC]Q	CNVGUA^SX^E@@JCG
2NMMOA
NIN@R^EDO	nIOJ\[[RSSM3BYB@TNE
,HZF@]\NR[VBXAU[EQIXAB^ULAR 	AYHY@@SS3ZI@XRVO PAYI@QPUJW\NXIMXHX
&
ACX_NLEY]\VX_QW%		D[YSUNB\AV1R\OVXT 7^NMIOA 	@@TSZ]\NXTVRWN[BXU@UA	NKS[KJ
4E
UXWD\Z[[	@NKRB	HQI[QXWI\@U	3SXZE	NXXBC[QXJ(JNI\NLWXY3SOFQQJQ3	QAC\_N@YOVSN@A^QRV_C@[PTA@Q YER\YWVQW; 	]UCWSUUNER]@@TAVRTVOUCZSO[1\JWXNXIQEXTNO\N	 &
QLWANSJCG4 FBJ^O

< ^SX^E BQQ G@]TVO AYPL_G^D[B	XIB^_V3 R[VG\GNLC	QXICG_RV\[[[VJ\]@	G3QI_QF@OA\\C[OA
=L^NXJ_I CD\;KXGNV[3PUJW\NXDEJ^KYE[Y[[QVBWYV\]@@]QNYQMAR	
 <	@@TW^ANQNXHX KAYSUN@TWDO4XVRPVONM[RSSMN_NP2
@IC	DFK]@Y3FMVAYN
A8HQI[Q	ANVFK[ZPI@QGER^]VBF@SQRV]CLOA
=L\NXKCCSQ	CNVGUA^SX^E@@KFG
2NMLOA
NIN@R^ EDO	nIOJ\[[RSSJ3B]H@TNE
,HZF@]\NR[VA^@RVEQIYAE\SBAR 	AYH]J@SS3ZIFXTIARPAC\_N@ZOVRVQAQN_TVO	<
[V@@S
]J\\RIQ_IT2JAYS@Q]AR]jVYUNXQW; 	^UCSOASLUYUYPVQFJ^H_I^[@JOA SX__DO	nKOJ^\GJOA 	B@TKJAICXJRV[GUA3LTDOXIQZCGJHX
	<		@NKREY]\Q%BB\IJ(KNI\]@T]@@AB^EXJNMKQUWIZK@SCOVSKD_IT2HAYQI\@@SY^NXJ_QPVXW@@NAYN\_N@7@@@_IXVRFK]@_N[[3PTJW\VQB[@+YULOJN 3\]XAN QNZUIY@@N[VA^BW]TDO IBE^HX
	<		BNKP^TDOXIDDF	E[YSO[	SXYKJ
,UQN[HXNVUHSSP[@Q	V7@QQXJUJ]C3]FLAY[	
j	PXICG\RV^FI[WO[LUZ]ZTOK_I]XWA]Y[[3PVJW^RJ@_IGIOJ\@U^QVANLPOVUJ_QC;	RV_[[
ACNB\AQLE
,H[F@]@NFISP<H]GNKLP%
TAVRTVO RAYK\K^INLE@@AB\JA[HX	[YRRM@Q	V7BQQCD[HX JAYSUNER]@@IDDDF(AYJ@Q@TVX]_@VQW; 	_UCSO[]C\B=_TJW@R+
BNVGUA]SX\R__@@
CQNZUNTBXT[[ QV@S]E
,HYF@_@\_[[	@NKRB	HQI[QXWG\@U	3SX]E	NXXBC[QXJ(JNI\NLWX^3SKAQQJQ3	QAC\_N@YOVPJ@B]QRV^FKSVWJ@Q YER\]PVQW; 	]UCQSSJ@QPTJW\NXDFJ^JAR	[YTSUNjOVQVQIVYTJ^R@N 3]]X@@KCCXnBEYF@R	
 <	C@TKJBIADXRJAR AYK\J]IQVEQIZ BXJ(HNI^AR]E @QQ_V^NMIOAQVFRB %I@XJOJN]GIPAO[	
j	QXICQEXTI2A]\UCA
=L_NXJ_QPUXWAUTGMOASX\Q[\_QVQGJ^K\@@N 3_]Z]\QVQ
][F@]\NQ[VC@SEERZ\NXD+ XWC@NAYAH\C_SNLP%
T@VRTAR]\GO<RQJNISS3YIFXUVO RAYAZD\ANLE@@AG_ ELXHX	[YRQJ@Q	V7BQQ CEDF	D[Y[UN\C@SY_NXBED[_V
OJ[Y[[,@TKJ@@QB[EVDF	&_QVBR_HKJ\\RL,BYQNF	&^QVCR_E BQQ	FBPTVO AYQM]B]ISB	XIBY_V3 R[VB\@NLC	QXIK^KDDF	E[Y[VOTC@SEERZYNXD+ XWF@NAYAH\CZSNLP%
T@VRWJ\@NFISU<H^BNKLP%
TAVRVJ\\NR[VKXGT^EQIYKD^\HAR 	AYH^B@SS3ZIEXUVO PAYAXEZANLC	PXIK_EDDF NV@LOA.
]^ANQII CD^FVO

< _SX]VANSJCE4 ADJ^O

< ^SX\VDOZIL[RN]\NAC^@YASVKJ	QQ ADDF	&]QV@R_E @QQ	@B\TVO QAYA_EXANLPOVUO_QC;	RVZ[[
ACNB\ATLE
,H[F@^@][[RSSO3B^F@TNE
,HZF@_@]@U]QVHRYWDOIAA^WLZF@N[VB^FNLP%
TBVRUJ\\NP[VJ\FZ^E AQQCCPTVOUCTVO[1\JWZNXIQEXTLO\N	 &
QLTX\NXBC[,EZRXWN	 &
PLUX\@@TBVR\CZF\@U	NI^DQ]P_ANIEZRVO

< ]SX_VDOXILQSL]\NQ[VKUFT^E@@DFG
2NMOOA
NIN@R^EDO	nIOJ_\FOARI\E3@P[]O	nHOJ^\FUA]SXVP\]@@
CQNZQJ_F[T[[ QV@P[E
,HYF@\@]@U_QVIZYWDOYILPSN]\N		AYTL@QE8	NXL_QUQNJUJ]FN@U,ER^\S_QZCB7UHYRVU,ER_\SVQ
]YF@UG[^GUA	NKPZUYZUNXTVRUHY\N	 &
SLVX\@@T@VR\MZB\@U^QVIUYWDO	
QI\_V 3[YUO[NK@_W^O@@R+
CNVDIRO[]C\G=_^JW@R+
BNVEIROASL^ZU^RVQFJ^H[BXZ@MOA SX_^DO	nKOJ]\FUA_SXW_Z]@@TAVR]HUB\@UAC[F@SZ2XIEGJ^X\@\ZUUA	.E[OVQJBGBDXR%\BTNMA	.EZOVPJB_IGKOJU]OISOA		@TRQY]UO_QTF@\BT@U,ER\\SVQ
][F@TAT\GUA^SXW_X]@@IDADF(AYO@Q@TVX]Z@VQW; 	_UCPSR@Q]ARXjQQOVXT 7^NMKSRO[ _]\]_WJ_Q^F@\@YY@APOA		@T^DO	nKOJ]\FUA_SXZT]]@@TAVRPJ^E\@UACXF@SZ2XIEGJ^X\@\ZUUA	.E[OVQJBGBDXR%[HNV[3PUJW^RK_QPUXWCUZAIOASX_T]\YSVQGJ^LU\N	 &
SLVX\@@T@VRWC[F\@U^QVB[XWDO	
QI__V 3[YUO[NK@_W^O@@R+
CNVDIRO[]C\G=X ERNE, _RV^GHOA 	@@TP]T\NXTVR]M^BYT[[ QVGWB	,AEJ^K]A@NJNI_FWWKJAI@C]]JAR	[YWVUNjOVTVQIVYTJ[R@N 3]][]]VQB[E+^PXWN	 &
PLUX\@@TBVRWLT@\@U	NIUDPXQDO IE@DF	&]QV@R_E @QQEMXTVO QAYJZJ\ANLPOVVO_QC;	RVZ[[
ACNB\ATLE
,H[F@^@][[RSSO3E[SX	,AFJ^H]A@NHNI_I[YKJQQ CE\QH]\N ACZD@SS3ZIEXUVO PAYJTJ[ANLC	PXI@SDDDF NVCLOA.
]^ANQII CD^FVO

< _SX]VANSJCE4EVRX
	<		ANKP^KJBI@LZ\JAR AY@U@TI[B	XIE]Q3	RAC]C]]@T_@@@KY	CXJ	^UCP[QA\_N]\X@@A,F@[\N[YARI\EN]@S=
QN[TK\N]GIU<UHNISS3YIFXUVO RAYJXK_ANLE@@KJ[@FDF	 UCURO[	
j	SXIB[ _V_NMJW[PI@QPUJW_VB@CGF@YE@N&NKTBOV@KCC]_V3 P[V@\@BVX]Z=LCQQJQ3	QAC^C]]@T]@@@GZCXJNMATSRI]_NPJWZRVQW; 	]UCRSRUNER^XSNC_IGHOJ_XFMSOANKV[E
,IBDF	RVNFISUAUN
A8IQIXB	DFK]@Z3AJAY[	
j	PXIA[ _V]NMJUQRI@QGERT_SCJFGOJZ_[[3PVJW]RK_QPWXWCZ^FIOA 	C@TQZ\\NXI@]HX
&
ACZ_NLEY]\TX_QW%		D[YPSH_N@R^8^_NXQW; 	^UCQSRUNER^YWHC_IAXWI]]DOWOA		@TUDO	nKOJ]\FUA_SX] RZ]@@TAVRWOXB\@UACXF@SZ2XIEGJ^X\@\ZUUA	.E[OVQJBGBDXQ%UBNV[3PUJW\NXDEJ^OUG^\[[QV@QZVXX@@]QNPVVO

< ]SX_WPANQNXHX KAYSUN@T RDO4XVRQVONM[RSSLN_NP2
@IC	DFK]@Y3OJAY[	
j	PXICG\RVYNOUVO[LV[Z_QHG_I]XWH_@U,ER\\RB_QPWXW@@NKNI\]@MJWYWVQ^7OJY@UAY[]C\D@B	,AGJ^J\N]GIV<[INISS3YIDDF	F[YVUA_C@SBOVSICC]DXJ NMASOA
	1A]@@BC[	_V_NMIOA 	C@TKJXIF^Q/UCVOAQVSS^RJANE, ^RV\
UARSIY,T@@TNE
,HZF@]\NR[VF[FU[EQIZA@P\LAR 	AYA]_NP2
BIBDX\VO PAYI@QPUJW\NXIA]HX
&
ACY_NLEY]\WX_QW%		D[YSUNB\AW1QJW@R+
BNVGUA]SXXRX]@@
CQNYPNXIT^[[ QVITB	,AEJ^K]@T@U_QVANLC	PXICGF@XE@N&NKWBOV@KCC^_V3 P[VC]@_W]2TUXIIT2KAYSUNER[_VNF_IAXWAX[GKSQO[ L__ANE, \RV]GI[OAQLWDOYIDDF NVBLOA.
]]ANQII CD]FVO

< _SX^HKJ\\RO,K_IJ(KNI\]@T]@@EC] CXJNMHPZTLXG@SCOVZN_QW%		F[YRSIT_N@[OVRVQ
]ZF@]\N		AYVL@QE8	NXO_QUQNJUJ]EN@U,ER]NXBC[,L]F@R	
 <	C@TKJBIEE]QOAR AYHXA]FT]EQIS_V3 R[VB\AZB	IQI[Q	BNVGUA	NIYDNLR=QQ_V XWR]\GLAOA
	1A_@@CGBDXQ%UHNV[3PUJW\NXDEJ^LYCU\[[QV@VWSZ\@@]QNP\VO

< ]SX_WPANQNXHX KAYSUN@T RDO4XVRQVONM[RSSLN_NP2
@IC	DFK]@Y3O@AY[	
j	PXICG\RVZBJPVO[LV]\TTNC_I]XWHU@U,ER\\RB_QPWXW@@NKNI\]@MJWYWVQ^7OJY@UAY[]C\D@B	,AGJ^J\N]GIU<RN[QV
@S=
QNZTKARRAC]GUIZ^EQI_@DPULAR 	AYH[D@SS3ZIEXUVO PAYHXJTIRB	HQIZJLPTVOUCRSSUNjOVTVQIVYTJ[R@N 3]][]]VQB[E+PSXWN	 &
PLUX\@@TBVRQN_A\@U	NI]EU^WZANIL_HX
	<		BNKS^KJ@IF@ZUJARQACYG^@RBNXOF_IV%NVAUA
[VQ]ARXKJ
4E
WXWC\]
UARSIZ,TG@TNE
,HZF@_@]@U]QVDQZWDOIB@\QCUB@N[VKZ]@S=
 QNYTKARPACY@XARB	HQI^GDXHXNMLVOA=QER[@@QQBDXRXAR	
 <	B@TWY@@KCC]nKAJ^O

< ^SX\VDOZIAZQC]\NAC]G^@UXKJ	QQ	FXJ(HNI]ASB	IQI^FMXHX KAYVKYJ\]@MJWYWVQ^7OJZ@UAY[]C\G@B	,AGJ^I]A@UHSSU&TGNKLP%
TAVRVJ\\NR[VF]FZ^EQIZJC]PNAR 	AYAX_NP2
BIBDYHX JAYVH[K\]@T^@@FB\	CXJRVYBUA3LQDOXIQZCBJHX
	<		@NKQ^DO]RJE,SQNF	&^QVCR_E BQQCM_TVO AYRJ[@_CVB	XIKXQ3	RAC]C]]@T_@@FCRCXJ	^UCVSZN\_N]]X@@A,F@[\N[YARI\EN]@S=
QN[TK\N]GIU<[KNISS3YIFXUVO RAYL\BZANLE@@B@_BD]HX	[Y[QUN
A8KQIZBXJ	_UCVSRO\_N@ZOVWJBE[QXWEY@U	3SXXE	NXXBC[QXJ(JNI_ASEY]\T%KBIV3 Q[VA\@NLC	SXIGRFDDF
	UCRPQMTKZ]@PNXBB_IT2HAYRI]_N@[OVVC@F[Q	BNVC@PVSUN@T RDO4XVRRVONM[RSSON_NP2
@I@DYVOA\\A&[SACQ	V7AQQCEDF	F[YW[LXC@SBOVSICC]DXJ NMASOA
	1A]@@BCZQ	CNVCAVWSUNERYTWNC_ITJ^OX\N<QVGNL\JWNSJCEIQ3	PAC_C]NLWX[3ZCQI/QAYK\B@SY\NXOFKX_VNVFLR[UM\_NPJWT[VQW; 	]UCRSRUNERXYZIC_IGHOJYYOJSOANKW[E
,IBDF	RVNFISUAUN
A8IQIXB	DFK]@Z3OAAY[	
j	PXIA[ _V]NMLVSQI@QGER\X[NGAZQRVTOUA	.EYOVSJB_IGIOJYYGKSOAPLR]]^RVQAQN]QVO	<
[VE@S
]J\\RLQ_IT2JAYPI]@SS^T7X[@@QW%		E[YSO[ _]P[ZRVQFJ^B\CYUGUA	NKWYE
,HYF@_@\_[[	@NKRB	HQI[QXWD\@U	3SX]E	NXXBC[QXJ(JNI\NLWX^3WLQI/QAYI@QPVJWTVCA_IAXWGUX@LQOA		@T QDO	nKOJ^\GJOA 	B@TKJAICXJRVXGUA3LTDOXIQZCGJHX
	<		@NKREY]\Q%FFIV3 Q[VC@SY\NXB@A_QRV[@LZRVUN	]]X@@R+
ANVEISPO[ ]]XANQNXHXNMMSOA=QER^@@QQBDXWXAR	
 <	B@TDO]RJ@,^QNF	&^QVANLC	SXIKZEXJNMNVTSNT_NPJWYVVQW; 	]UCQSSJ@QPTJW\NXDFJ^JAR	[YWSUNjOVQVQIVYTJ^R@N 3]]X@@KCCXnFGJ^O

< ^SX^E BQQJLPHX	[YTPA^G]]@PNXO@_IT2HAYQI\@@SY^NXJ_QPVXW@@NAYM\_N@7@@@_IXVRFK]@_N[[3PTJW\VQB[@+]VXWN	 &
PLWDOZICPVJAR AYN]JXAQB	XIFYQ3	RAC^C\BNLC	QXICG_RV\[[[VG\]@	G3QIXQF@OA\\D[OA
=L^NXJ_I CD[;O\RVU,ER]@@TBVRSLXB@N[VD\AWXKJ	QQBXJ(HNI^AR]E @QQ_V^NMIOAQVERB %I@XJOJN]GIPAO[	
j	QXICQEXTK2A_\UCA
=L_NXJ_QPUXWBY\OMOASX\R]\[QVQGJ^K^@@N 3_]Z]\SVQ
][F@]\NQ[VC@SEERU\NXD+ XWA@NAYAH\C]SNLP%
T@VRTAR]\GH<RP@NISS3YIDDF	F[YQTO[E@SBOVPCGFS CXJ NMHPZO[	
j	SXIA[BXJ	_UCSOAPLWDO	
QIS_V 3[YRO[NK@_WYO@@R+
CNVGOARI\B3@QV]O	nHOJ\@U]QVCU]_DOIAMYWO\G@N[VB_INLP%
TBVRVJ]A@NJNI\]@T^@@C_ITJ^B]\N<QV@NL\JWNSJCBIQ3	PAC\@SS^R7\TZXIIT2KAYSUNER\UPOECGOJX[@@PQTUN	]YUTNXT 7]NMHSS[UNER]@@TAVRTVOUCRSVUNjOVWVQIVYTJXR@N 3]]X@@KCC^nBLQF@R	
 <	C@TKJBIBM\UM]\NACXK^AWWKJ	QQ KMDF	&]QV@R^KJ@ICXJ	^UCSOANKS^ KJ
,UQN]HXNVUHSSV[@Q	V7@QQXJUJ]E3]OOAY[	
j	PXICG\RV]O@PWSUN]\[UTBCBGOJ]TAUA	.EYOVSJCKG^RV\[[	ANKRBNXKCFG
2NMLOA
NIN@R^ EDO	nIOJ\[[RSSL3BTF@TNE
,HZF@]\NR[VBUA[[KJQQDGPTLY\N AC]K[]@S=
 QNYTJU\NP[VC@SY_NXJ_QIVRUJX\N<QVDNL\JWNSJCFIQ3	PAC\@SS^R7\TVXIIT2KAYSUNER\TTKACGOJXZFMQTVUN	]YUXNXT 7]NMHSS[UNER]@@TAVRTVOUCRSVUNjOVWVQIVYTJXR@N 3]]X@@KCC^nBL]F@R	
 <	C@TKJBIBL_SI]\NACXEYDW]KJ	QQ KADF	&]QV@R^KJ@ICXJ	^UCSOANKS^ KJ
,UQN]HXNVUHSSV[@Q	V7@QQXJUJ]E3]OKAY[	
j	PXICG\RV]OKZSSUN]\X_SMGJGOJ]TEUA	.EYOVSJCKG^RV\[[	ANKRBNXKCFG
2NMLOA
NIN@R^ EDO	nIOJ\[[RSSL3BTB@TNE
,HZF@]\NR[VBTEW_KJQQFC[TK_\N AC]K_]@S=
 QNYTJU\NP[VC@SY_NXJ_QIVRUJX\N<QVDNL\JWNSJCFIQ3	PAC\@SS^R7\TRXIIT2KAYSUNER\[[LKCGOJXXC@QQPUN	]YU\NXT 7]NMHSS[UNER]@@TAVRTVOUCRSVUNjOVWVQIVYTJXR@N 3]]X@@KCC^nBLYF@R	
 <	C@TKJBIBLYVC]\NACXGUAVVKJ	QQ KEDF	&]QV@R^KJ@ICXJ	^UCSOANKS^ KJ
,UQN]HXNVUHSSV[@Q	V7@QQXJUJ]H3UA[YA
	1A^@@C_IGKOJY]CISOA		@TQQ^YWM_QTF@TF@N 3_]\\]NXDGJ^JARQAC\_N]^]@@A,F@[\N[YARI\KN]@S=
QNXVOA\\O&ZTACQ	V7AQQ_V]NMLQRSI@QGER\[SBED_QRVU@UA	.EYOVVKB_IGIOJ\@U^QVANLPOVTJ_QC;	RVZ[[
ACNB\AZLE
,H[F@]@NFIS[<@XQV
@S=
QNXHX HAYVI\C\]@ZNXKEGXAADF	 UCZWO[	
j	SXIGZ _V_NMIOA 	C@TKJXIE[Q/UCUOAQVSS^_JANE, ^RV\
UARSIT,UD@TNE
,HZF@]\NR[VF\FR^EQIZEL\PKAR 	AY@Y_NP2
BIGEYHX JAYSUNER]@@IEDDF(AYO@Q@TVX]T@VQW; 	_UCSO[]C\I=WERNE, _RV\[[	BNKVVWXANIE]]I]I^@UNIUCNLP%
TBVRPK\\NP[VC@SY_NXJ_QIVRRJAR<
NIZ]@QERO]RJKQG/PAYI_N@R^8Q^NXQW; 	^UCSOASLSQ^\RVQFJ^K[AT^GAOA SXWKJ
4E
UXWD]][[	@NKRB	HQI[QXWF\@U	3SXXE	NXXBC[	QXJ(JNI\NLWXU3[JQI/QAYI@QPVJWXUHCCGOJ]YCK[USUN	]Q]@@R+
ANVCHROAQLWDOYIDDF NVAIOA.
]^ANQII CDPFVO

< _SX^HKJ\\RB,JZIJ(KNI\]@T]@@GDRCXJNMHVUT@[E@SCOV[K_QW%		F[YWRH@QPTJW\NXDFJ^JAR	[YUSUNjOVTVQIVYTJUR@N 3]]X@@KCCSnJLJ^O

< ^SX^E BQQALXTVO AYRNX@[HRB	XIJSQ3	RACXB]]@T_@@C_IGHOJ\@UACZC@SZ2XIEGJ^X\@\TUUA	.E[OVR_QZCL7]COJN 3\]XAN QN]WO]@@N[VB[GZWQDO IJMDF	&]QVES_E @QQ_V^NMIOAQVGRB %IEXJOJN]GI[AO[	
j	QXICQEXTN2AXUUCA
=L_NXJ_QPUXWA_YOIOASX]_\UTTVQGJ^KYI@N 3_]\]ZNXDGJ^JARQAC\_N]PX@@A,F@Y\N[YARI\GN]@S=
QNXVOA\\C&RW[[VNP2
AICXJ	]UCRPWO\_NPJW_POCDR_VNVFM[OA
	1A]@@GC]Q	CNVGUA^SX^E@@KFG
2NMMOA
NIN@R^EDO	nIOJ\[[RSSM3BXB@TNE
,HZF@]\NR[VB^IT^EQIXKD[RNAR 	AYHX@@SS3ZI@XRVO PAYI@QPUJW\NXIL]HX
&
ACX_NLEY]\VX_QW%		D[YSUNB\AV1SZOVXT 7^NMIOA 	@@TU_Y\NXTVRWJYF^[@UA	NKSZKJ
4E
UXWD\Z[[	@NKRB	HQI[QXWHY@U	3SXZE	NXXBC[QXJ(JNI\NLWXY3SNBQQJQ3	QAC\_N@YOVSHEA[QRV_GHQRZI@Q YER\XSVQW; 	]UCWSUUNER]@@TAVRTVOUC[VO[1\JWXNXIQEXTNO\N	 &
QLWANSJCG4 GDJ^O

< ^SX^E BQQ AAXTVO AYQ@[K]AQB	XIB__V3 R[VG\GNLC	QXICG_RV\[[[VKY]@	G3QI_QF@OA\\C[OA
=L^NXJ_I CD\;KYGNV[3PUJW\NXDEJ^K^CX\[[QVBP_PY_@@]QNYPMAR	
 <	@@TW^ANQNXHX KAYSUN@TRDO4XVRPVONM[RSSMN_NP2
@IC	DFK]@X3FMUAYN
A8HQI[Q	ANVFJQQSUN][\TPLAFGOJ]XAUA	.EYOVVJE_IGIOJ\@U^QVANLPOVZO_QC;	RVX[[
ACNB\AVLE
,H[F@]@NFISW<HXFNKLP%
TAVRTVO RAYH_B\ANLE@@@B_	FGPHX	[YRWL@Q	V7BQQCBDF	D[YSO[ \]XANQQ	FXJ3AYWUNSXLWXYNNXT 7_NMIOAH\CX.SZERNE, _RV\[[	BNKS\_XANIGYUNYE]@UNI]EVB	,AEJ^N]F@NJNI\]@T^@@C_ITJ^BX\N<QVENL\JWNSJCGIQ3	PAC\@SS^P7_\RXIIT2KAYSUNER\YSMCCGOJY^NKWQPUN	]Z]\NXT 7]NMLRRO[ ]]XANQNXHXNMIOA.
]^ANQII CD_FVO

< _SX^HKJ\\RI,BYQNF	&^QVANLC	SXIAYCLDF
	UCQWRH]K]]@PNXKAAG/RAYK\C_]@T_@@C_IGHOJ\@UAC[F@SZ2XI@GJ^X\@\_UUA	.E[OVR_QZCG7UH^RVU,ER]@@TBVRVI\H\@U	NI^EV__XANIEZWVO

< ]SX\W[ANQNXHX KAYSUN@TRDO4XVRWVONM[RSSJN_NP2
@IC	DFK]@_3FKSAYN
A8HQI[Q	ANVEKPUWUN]Z^YRKK@GOJ]^GUA	.EYOVPJC@G^RV\[[	ANKRBNXMF_IV%NVDUA
[VQ]AR]KJ
4E
WXW@@UHSSP&]A]SX	,AFJ^JARRAC^AZBTB	XIAX	CBPVVO	AYRK]_NP2
BIADXWVO PAYI@QPUJW\NXIC]HX
&
AC__NLEY]\QX_QW%		D[YSUNB\AQ1U^OVXT 7^NMIOA 	@@TTQTZNXTVRVO^C][@UA	NKS\KJ
4E
UXWB\\DUA_SX^E AQQ_V
OJ[Y[[,@TKJ@@QB[@VDF	&_QVABVX]_=KADIV3 Q[VC@SY\NXHGA]	_VNVELUPUNZ_NPJW]PM_QW%		F[YQSI__N@[OVRVQ
]ZF@]\N		AYTL@QE8	NXI_QUQNJUJ]CN@U,ER]NXBC[,EZPXWN	 &
PLWDOZIF[PO_\NAC^G[CSYKJ	QQ A@DF	&]QVCR^KJ@ICXJ	^UCSOANKU[E
,IGDF	RVNFISPAUN
A8IQI[L_VYTJ^/]^B[YA
	1A^@@C_IGKOJ^_@KWOA		@TRX_ZUB_QTF@\BY@U,ER_\RI_QPWXW@@NKNI\]@MJW[WVQ^7OJ_@UAY[]C\B@B	,AGJ^J\N]GIP<RKTQV
@S=
QNXHX HAYQMYG\]@ZNXHFJ_ DADF	 UCRQ[UN
A8KQIYCGDF	D[YSO[ \]XANQQFXJ3AYPUNSXLWX^NNXT 7_NMIOAH\C_.S\ERNE, _RV\[[	BNKPZVZANIF^VN[GX@UNI]C[B	,AEJ^H]@_@U_QVANLC	PXICGF@ZE@N&NKQBOV@KCCX_V3 P[VC]@_W^2]SLQI/QAYK\B@SY\NXMJK[_VNVEKPVPO__NPJW]SL_QW%		F[YRSH@QPTJW[[BCCG_RV[NASSO[	SXYKJ
,UQN^HXNVUHSSU[@Q	V7@QQCEHX\@\Z(HRTACQ	V7AQQCEDF	F[Y[SNZC@SBOVPHEG[KXJ NMHRTO[	
j	SXIB[ _V_NMASTUI@QPUJWTRMECGF@Z@@N&NKTBOV@KCC]_V3 P[V@\@BVX]Z=KBGIV3 Q[VA\@NLC	SXID\	KDDF
	UCQRTNUF_]@PNXKBGG/RAYH\B@SY^NXMDKS_V^NMNT[[I@Q		LPXANnJ^LARUCARSIZQ@SS3XIGXUAR]\GO<RRLNISS3YIFXUVO RAYNTKXANLE@@AA[EAPHX	[YRRL@Q	V7BQQ CEDF	D[YT[AXC@SY_NXMKK__V
OJ[\[[,@TKJ@@QB[EVDF	&_QVBR_HKJ\\RL,BZQNF	&^QVCR_E BQQFM^TVO AYQH^CYEQB	XIBZ_V3 R[VB\@NLC	QXID^EDDF	E[YTV@ZC@SEERZ\NXD+ XWF@NAYAH\CZSNLP%
T@VRWJ\@NFISU<H]@NKLP%
TAVRVJ\\NR[VDZHP^EQIY GMZPBAR 	AYH]@@SS3ZIEXUVO PAYNZJ^ANLC	PXID]ADDF NV@IOA.
]^ANQII CD^FVO

< _SX]VANSJCE4 BDJ^O

< ^SX\VDOZIC\TN]\NAC^CZBS]KJ	QQ BDDF	&]QV@R_E @QQGD\TVO QAYNXCXANLPOVUJ_QC;	RVZ[[
ACNB\ATLE
,H[F@^@][[RSSO3B]@@TNE
,HZF@_@]@U]QVFW^WDOIADQUB^H@N[VB]@NLP%
TBVRUJ\\NP[VDYAR^E AQQFDXTVOUCTSO[1\JWZNXIQEXTLO\N	 &
QLTX\NXBC[,EY\XWN	 &
PLUX\@@TBVR\KZB\@U	NI^C[\P[ANIEY\VO

< ]SX_VDOXILYSH]\NQ[VK]FP^E@@DCG
2NMOOA
NIN@R^EDO	nIOJ_\FOARI\E3@SW]O	nHOJ^\FUA]SXVQP]@@
CQNZWH\D[T[[ QV@SWE
,HYF@\@]@U_QVIPXWDOYILZRB]\N		AYTI@QE8	NXL_QUQNJUJ]FN@U,ER^\S_QZCB7VJ]RVU,ER_\SVQ
]YF@\H^\CIOASX[^ZY^QVQGJ^H]@@N 3_]Y]]NXDGJ^KUB\XGUA^SX_UXY\NXIDDF(AYO@Q@TVX]Z@VQW; 	_UCPSR@Q]ARXjPPOVXT 7^NMKSRO[ _]\Z\VJ_Q^F@\BYYOHUOA		@T_DO	nKOJ]\FUA_SXZW\]@@TAVRPM]D\@UACYC@SZ2XIEGJ^X\@\ZUUA	.E[OVQJBGBDXR%ZINV[3PUJW^RK_QPUXWD[[NIOASX_PP_XSVQGJ^MT\N	 &
SLVX\@@T@VRPMZI\@U^QVEUYWDO	
QI^_V 3[YUO[NK@_W^O@@R+
CNVDIRO[]C\G=YERNE, _RV^GHOA 	@@TU]Y\NXTVRUK_A^ZCUA	NKU\E
,HYF@\@]@U_QVEP[WDOYI@ZQN]\N		AYVI@QE8	NXL_QUQNJUJ]FN@U,ER^\S_QZCB7SIOJN 3\]Z]]NXDEJ^N^BU\[[QV@SZQQ]@@]QN_WVO

< ]SX_VDOXI@[VC]\NQ[VG_C[^E@@FCG
2NMOOA
NIN@R^EDO	nIOJ_\FOARI\E3FRLJ
4E
VXWB\][[	BNKV_SXANIEXSLYAX@UNI[ANLP%
TBVRUJ\\NP[VG]AV^E AQQBD\TVOUCVSO[1\JWZNXIQEXTLO\N	 &
QLTX\NXBC[,CYF@R	
 <	C@TWYAN QN\UMT@@N[VB\HZV^DO IDEDF	&]QV@R_E @QQBCQTVO QAYM]DUANLPOVWJ_QC;	RVZ[[
ACNB\ATLE
,H[F@^@][[RSSO3DZSX	,AFJ^H]A@NHNIXDWZKJQQ AEX]LX\N AC[E@SS3ZIEXUVO PAYMYFXANLC	PXIG^GDDF NVBIOA.
]^ANQII CD^FVO

< _SX]VANSJCE4DVRX
	<		ANKP^KJBIGBZ]JAR AYH^@_B[_EQI\_V3 R[VB\@NLC	QXIG]JDDF	E[YWUKUC@SEERX\NXD+ XWF@NAYAH\CZSNLP%
T@VRWJ\@NFISU<NXQV
@S=
QNZTKARRACXG\ERB	XIBZEEYQVO	AYTM@Q	V7BQQ CEDF	D[YWWIXC@SY_NXNGC__V
OJY\[[,@TKJ@@QB[EVDF	&_QVBR_HKJ\\RL,D^IJ(KNI^ASB	KQI_DMXHX	[YRRATFXANLY @@DFG/RAYH\B@SY^NXNGDR_V^NMMWTZI@Q		LRXANnJ^LARUCARSIZQ@SS3XIGXUAR]\GL<TZ[VNP2
AICXJ	]UCVVZLY_NPJW]PMKA_ _VNV@@OA
=L\NXKCCSQ	CNVGUA^SX^E@@FCG
2NMLOA
NIN@R^ EDO	nIOJ\[[RSSL3DTSX	,AFJ^JARRACYF\IRB	XIBYFLYRVO	AYTA@Q	V7BQQ CDPHX JAYSUNER]@@IFDDF(AYL@Q@TVX]Y@VQW; 	_UCSO[]C\D=YERNE, _RV\[[	BNKWZW]ANIEZWI^I]@UNI[FNLP%
TBVRUJ]H@NJNI\]@T^@@C_ITJ^O]\N<QVDNL\JWNSJCFIQ3	PAC\@SS^R7ZZ@@QW%		E[YSO[ _]]^_QJ_Q^F@\B]\NOVOA		@TQDO	nKOJ]\GAOA 	B@TKJAICXJRVYGUA3LRDOXIQZCAJHX
	<		@NKREY]\W%DFIV3 Q[VC@SY\NXOAG^_VNVFH[[VM\_NPJW[WVQW; 	]UCRSSA@QPTJW\NXDFJ^JAR	[YVSUNjOVWVQIVYTJXR@N 3]]X@@KCC^nD@J^O

< ^SX^E BQQBAPTVO AYRHZE]@WB	XID_Q3	RAC]C\INLC	QXICG_RV\[[[VF\]@	G3QI^QF@OA\\B[OA
=L^NXJ_I CD];M^RVU,ER]@@TBVRQJZ@Y@U	NI]@V]^XANIC[HX
	<		BNKS^_DOXIDDF	E[YSO[	SX[KJ
,UQN]HXNVUHSSV[@Q	V7@QQXJUJ]E3[E[YA
	1A^@@C_IGKOJXUOJSOA		@TVZ\^TN_QTF@ZB@N 3_]Y]\ZVQ
][F@]\NQ[VC@SEERX\NXD+ XWE@NAYAH\CYSNLP%
T@VRTAR]\GL<TR[VNP2
AICXJ	]UCW[ZLY_NPJW]RCKKX_VNV@HOA
=L\NXKCCSQ	CNVGUA^SX^E@@FCG
2NMLOA
NIN@R^ EDO	nIOJ\[[RSSL3D\SX	,AFJ^JARRACXK\IRB	XIB[E@YPVO	AYTI@Q	V7BQQ CDPHX JAYSUNER]@@IFDDF(AYL@Q@TVX]Y@VQW; 	_UCSO[]C\C=VERNE, _RV\[[	BNKSZSPANIE]UB[D\@UNITHNLP%
TBVRVJ]B@NJNI\]@T^@@C_ITJ^OX\N<QVCNL\JWNSJCAIQ3	PAC\@SS^U7UT@@QW%		E[YSO[ _]YY[QH_Q^F@\DUXCKROA		@T_DO	nKOJ^\GKOA 	B@TKJAICXJRVYBUA3LUDOXIQZCFJHX
	<		@NKREY]\P%K@IV3 Q[VC@SY\NXK@E^_VNVFJTPPKX_NPJWTQVQW; 	]UCQSSK@QPTJW\NXDFJ^JAR	[YVVUNjOVPVQIVYTJ_R@N 3]]X@@KCCYnKFJ^O

< ^SX^E BQQ @@[RVO AYRJXJ]AWB	XIKYQ3	RAC^C\CNLC	QXICG_RV\[[[VFY]@	G3QIYQF@OA\\E[OA
=L^NXJ_I CDZ;B\RVU,ER]@@TBVRUI_B\@U	NI]BPZ_^ANILYHX
	<		BNKP^UDOXIDDF	E[YSO[	SX[ KJ
,UQNZHXNVUHSSQ[@Q	V7@QQXJUJ]B3TG[YA
	1A^@@C_IGKOJ]_GIWOA		@TTX]ZTM_QTF@U@@N 3_]Z]\PVQ
][F@]\NQ[VC@SEERXYNXD+ XWB@NAYAH\C^SNLP%
T@VRTAR]\GK<[T[VNP2
AICXJ	]UCRWVHZ_NPJW]VMCA[_VNVONOA
=L\NXHCCYQ	CNVGUA^SX^E@@FFG
2NMKOA
NIN@R^EDO	nIOJ\[[RSSK3KZSX	,AFJ^JARRAC]G_ARB	XIB_FMPVVO	AY[O@Q	V7BQQCDZHX JAYSUNER]@@IFADF(AYK@Q@TVX]^@VQW; 	_UCSO[]C\C=V ERNE, _RV\[[	BNKSZ_\ANIE\VKZF_@UNITDNLP%
TBVRVJ]B@NJNI\]@T^@@C_ITJ^OX\N<QVCNL\JWNSJCAIQ3	PAC\@SS^U7UX@@QW%		E[YSO[ _]Y^TTB_Q^F@\CU[BMWOA		@TSDO	nKOJ^\GKOA 	B@TKJAICXJRVYBUA3LUDOXIQZCFJHX
	<		@NKREY]\T%JGIV3 Q[VA\@NLC	SXIE[CDDF
	UCRUWJ_AY]@PNXCG_IT2HAYRI]_N@[OVTJCC[Q	BNVAISSSUN@TWDO4XVRRVONM[RSSON_NP2
@I@DYVOA\\A&ZVACQ	V7AQQCEDF	F[YUSAXC@SBOVSLEK_BXJ NM@VOA
	1A]@@BCZQ	CNVAI[WSUNER[\ZNC_ITJ^L]\N<QVGNL\JWNSJCEIQ3	PAC_C]NLWX[3[LQI/QAYK\B@SY\NXLBES_VNVFOZPVL[_NPJWUTVQW; 	]UCRSRUNER[]TBC_IGHOJZ]AASOANKT^E
,IBDF	RVNFISUAUN
A8IQIXB	DFK]@Z3NNAY[	
j	PXIA[ _V]NMOQVQI@QGER\[SBED_QRVU@UA	.EYOVSJB_IGIOJZ^BKSOAPLQZX^RVQAQN^TVO	<
[VE@S
]J\\RLQ_IT2JAYPI]@SS^Q7T\@@QW%		E[YQSH@QPVJWYTLGCGOJ]YCK[USUN	]Q]@@R+
ANVFIROAQLR^[XRVQ
]ZF@XFZXGUA	NIZANLR=QQ_V XWR]\GOAOA
	1A_@@@CZL_VYTJ[/U]UCA
=L_NXHCBG\RVY@M[SO[LV][[[ME_I]XWI]@U,ER\\SVQ
][F@XGXTGUA^SX[SP]@@IEDDF(AYO@Q@TVX]Z@VQW; 	_UCPSR@Q]ARXj^ZOVXT 7^NMKSRO[ _]]U_PJ_Q^F@\EU_G@QOA		@TUDO	nKOJ]\FUA_SX[TZ]@@TAVRQB^B\@UACZC@SZ2XIEGJ^X\@\ZUUA	.E[OVQJBGBDXR%TCNV[3PUJW^RK_QPUXWEU]AIOASX_VP_\ZVQGJ^C^\N	 &
SLVX\@@T@VRQC\F\@U^QVD[_WDO	
QI]_V 3[YUO[NK@_W^O@@R+
CNVDIRO[]C\G=WERNE, _RV^GHOA 	@@TT[[\NXTVRUMYC[UGUA	NK[VE
,HYF@\@]@U_QVGQ]WDOYIB[WL]\N		AYUI@QE8	NXL_QUQNJUJ]FN@U,ER^\S_QZCB7]COJN 3\]Z]]NXDEJ^LYB\\[[QV@UX^X[@@]QNQ]VO

< ]SX_VDOXIB\VJ]\NQ[VEXCR^E@@ECG
2NMOOA
NIN@R^EDO	nIOJ_\FOARI\@3EVLJ
4E
VXW@@NHNIZDU\EQI^J@_TVO	AYWM@Q	V7BQQCD[HX JAYSUNER]@@I@ADF(AYJ@Q@TVX]_@VQW; 	_UCSO[]C\B=Z ERNE, _RV\[[	BNKTYSDOIFM^QK^\N ACXF@SS3ZIFXTIARPAC\_N@ZOVRVQAQN[QVO	<
[V@@S
]J\\RIQ_IT2JAYS@Q]AR]jS^OVXT 7^NMIOA 	@@T__[@@
CQN^UIXEZ@UNIXGNLP%
TBVRVJ]C@NJNI\]@T^@@C_ITJ^IX\N<QVBNL\JWNSJC@IQ3	PAC\@SS^T7Y[@@QW%		E[YSO[ _]_]^ZVQFJ^L^@YUNUA	NKVYE
,HYF@_@\_[[	@NKRB	HQI[QXWCY@U	3SX]E	NXXBC[QXJ(JNI\NLWX^3VJQI/QAYI@QPVJWY[LG_IAXWE]]E@TOA		@TWDO	nKOJ^\GJOA 	B@TKJAICXJRV_BUA3LTDOXIQZCGJHX
	<		@NKREY]\Q%GBIV3 Q[VC@SY\NXLBB]QRVYEAPWSUN	]\\@@R+
ANVEISPO[ ]]XANQNXHXNMJVOA=QER^@@QQBDXWXAR	
 <	B@TDO]RJ@,_QNF	&^QVANLC	SXIEYKXJNMLWVPA__NPJWXPVQW; 	]UCQSSJ@QPTJW\NXDFJ^JAR	[YPVUNjOVQVQIVYTJ^R@N 3]]X@@KCCXnGGJ^O

< ^SX^E BQQGFXHX	[YVUKXAZ]@PNXN@_IT2HAYQI\@@SY^NXJ_QPVXW@@NAYJY_N@7@@@_IXVRFK]@_N[[3PTJW\VQB[@+\\XWN	 &
PLWDOZICY\JAR AYOXDZEPB	XIGSQ3	RAC^C\BNLC	QXICG_RV\[[[V@Y]@	G3QIXQF@OA\\D[OA
=L^NXJ_I CD[;NTRVU,ER]@@TBVRSI^B@N[VEZETVKJ	QQJXJ(HNI^AR]E @QQ_V^NMIOAQVBWB %I@XJOJN]GIPAO[	
j	QXICQEXTB2E]NMA	.EZOVRVQ
]YF@_C[^BUA	NKU^R^[@@]QN]UVO

< ]SXZVDOXIDDF	E[YSO[	SXZKJ
,UQN^HXNVUHSS[[@Q	V7@QQXJUJ]H3YO[YA
	1A^@@C_IGKOJ^[CISOA		@TTZY^UVQGJ^OU\N	 &
SLSY\@@T@VRTVO QAYI@Q		LSXANnJ^LARUCARSITQ@SS3XIDHX\@\T(LZAYN
A8HQI[Q	ANVENZQVUN]PX]PLG_I]XWEU@U,ERY]SVQ
][F@]\NQ[VC@SEERY\NXD+ XWF@NAYAH\CTSNLP%
T@VRTAR]\GL<RZHNISS3YIDDF	F[YRZNXE\]@ZNXNJC_BDDF	 UCRZRUN
A8KQIZCLDF	D[YSO[ \]XANQQ BDDF(AYL@Q@TVX]Y@VQW; 	_UCSO[]C\D=_WJW@R+
BNVGUA]SX_R_U\NXTVRPB[ATYDUA	NKSWKJ
4E
UXWA\\OUA_SX^E AQQ_V
OJ]]GUA3LRDOXIQZCAJHX
	<		@NKREY]\W%BJXIJ(KNI\]@T]@@AC[	ADDF
	UCWZZH\AX]@PNXKJ@G/RAYH\CT]@T_@@C_IGHOJ\@UAC]B\]@	G3QI^QF@OA\\B[OA
=L^NXJ_I CD];KTBNV[3PUJW\NXDEJ^KTI]XGUA	NKVWPQ[[NXTVRUC_\N	 &
SLVX]TNXDGJ^JARQAC\_N]Y\\NXD+ XWE@NAYAH\CYSNLP%
T@VRTAR]\GL<RZLNISS3YIDDF	F[YQSM]K\]@ZNXOCD\ @LDF	 UCRZVUN
A8KQIZCLDF	D[YSO[ \]XANQQ BDDF(AYL@Q@TVX]Y@VQW; 	_UCSO[]C\D=_SJW@R+
BNVGUA]SX\U]]\NXTVRQJ^D\TFUA	NKSWKJ
4E
UXWA\\OUA_SX^E AQQ_V
OJ]]GUA3LRDOXIQZCAJHX
	<		@NKREY]\W%BJ\IJ(KNI\]@T]@@AC\GDDF
	UCVRUJ^F^]@PNXKJDG/RAYH\CT]@T_@@C_IGHOJ\@UAC]B\]@	G3QI^QF@OA\\B[OA
=L^NXJ_I CD];KTFNV[3PUJW\NXDEJ^H]ETZGUA	NKW_WYTYNXTVRUC[\N	 &
SLVX]TNXDGJ^JARQAC\_N]Y\\NXD+ XWE@NAYAH\CYSNLP%
T@VRTAR]\GL<RZ@NISS3YIDDF	F[YQRIUC\]@ZNXOAGREBDF	 UCRZZUN
A8KQIZCLDF	D[YSO[ \]XANQQ BDDF(AYL@Q@TVX]Y@VQW; 	_UCSO[]C\D=__JW@R+
BNVGUA]SX\^Z_\NXTVRQH]F_\NUA	NKSWKJ
4E
UXWA\\OUA_SX^E AQQ_V
OJ]]GUA3LRDOXIQZCAJHX
	<		@NKREY]\S%BCSIJ(KNI\]@T]@@BJXGXJNMKSSZJ]B@SCOVSJK_IT2HAYQI\B@SY^NXJ_QPVXW@@NAYOY_N@7@@B_IXVRFK]@]N[[3PTJW\VQB[B+YTCOJN 3\]XAN QNY]O[D@N[VA\BT\UDO IBDQHX
	<		BNKP^VDOXIDDF	E[YSO[	SXX KJ
,UQNYHXNVUHSSR[@Q	V7@QQXJUJ]A3]GKAY[	
j	PXICG\RV]@A[WO[LVPY[ZNF_I]XWA\^[[3PVJW^RJB_IGIOJ\@U^QVANLPOVTO_QC;	RV][[
ACNB\ASLE
,H[F@]@NFISR<H\@NKLP%
TAVRTVO RAYHTB^ENLE@@BK\DA^HX	[YRSJ@Q	V7BQQCDYHX JAYSUNER]@@IEADF(AYH@Q@TVX]]@VQW; 	_UCSO[]C\@=_WJW@R+
BNVGUA]SX_SXY@@
CQNYSCY@^_[[ QV@R^E
,HYF@_@\][[	@NKRB	HQI[QXWFY@U	3SX_E	NXXBC[ QXJ(JNI\NLWX\3SJBQQJQ3	QAC\_N@YOVSMEG_QRV]OKSZPM@Q YER\\SVQW; 	]UCQSSH@QPTJW\NXDFJ^JAR	[YUVUNjOVSVQIVYTJ\R@N 3]]X@@KCCZnBD^F@R	
 <	C@TKJBIBLPPNAR AYHUFYEZWEQIZEXJ(HNI^AR_E @QQ_V^NMIOAQVGWB %IBXJOJN]GIRAO[	
j	QXICQEXTK2A\[UCA
=L_NXJ_QPUXWAU\OMOASX__ZY\RVQGJ^K]G@N 3_]Z]\SVQ
][F@]\NQ[VC@SEER[YNXD+ XWA@NAYAH\C]SNLP%
T@VRTAR]\GH<RSMNISS3YIDDF	F[YR[JZG@SBOVSCCB]DXJ NMHSWO[	
j	SXIA[BXJ	_UCSOAPLWDO	
QI]_V 3[YRO[NK@_WYO@@R+
CNVGOARI\B3@R[]O	nHOJ\@U]QV@ZXSDOIBMZ\OZH@N[VB\DNLP%
TBVRVJ]A@NJNI\]@T^@@C_ITJ^LX\N<QV@NL\JWNSJCBIQ3	PAC\@SS^S7\[ZXIIT2KAYSUNER\[QIC_IAXWD_[GK[VO[ LV_U@@R+
ANVCIUOAQLWDOYIDDF NVFISOA=QERY@@QQBDXPXAR	
 <	B@TDO]RJG,ZJVRX
	<		ANKRB	KQIZGB]HX	[YWWIUDYENLY @@BDRQ3	RACXCZ]@T_@@C_IGHOJ\@UAC]C\]@	G3QI_QF@OA\\C[OA
=L^NXJ_I CD\;KZFNV[3PUJW\NXDEJ^KZ@Z\[[QVEPWT\Z@@]QNYSLAR	
 <	@@TW^ANQNXHX KAYSUN@TWXANnJ^NARUCARSIXQ@SS3XIDHX\@\X(HTTACQ	V7AQQ_V]NMHTRZL@QGERY_QJKB]QRV]@NOA
=L\NXNCEG^RV\[[	ANKRBNXKCCG
2NMMOA
NIN@R^EDO	nIOJ\[[RSSM3B[E@TNE
,HZF@]\NR[VBZF[^EQI_BF\TCAR 	AYH[G@SS3ZI@XRVO PAYI@QPUJW\NXIEXTVO	<
[VG@S
]J\\RNQ_IT2JAYS@Q]ARZjV_XNXQW; 	^UCSOASLV^T^WVQFJ^N_E]T@AOA SX_RDO	nKOJX\AUA_SX^E AQQ_V
OJ]\GUA3LSDOXIQZC@JHX
	<		@NKREY]\V%BDYIJ(KNI\]@T]@@BE^CXJNMMRPPM[B@SCOVSMA_IT2HAYWIZ_N@[OVRVQ
]ZF@]\N		AYRI\_N@7@@G_IXVRFK]@XN[[3PTJW\VQB[G+YSIOJN 3\]XAN QNYRLXE@N[VG]FPWWDO IBC[HX
	<		BNKV^KJ@ICXJ	^UCSOANKS^KJ
,UQN\HXNVUHSSW[@Q	V7@QQXJUJ]D3]@IAY[	
j	PXICG\RV]AKVSO[LSXXXWI@_I]XWA[\[[3PVJWXRL_QPWXW@@NKNI\]@MJW]RJ_QC;	RVX[[
ACNB\AVLE
,H[F@]@NFISW<H[BNKLP%
TAVRTVO RAYHZ@TDNLE@@GCRCDZHX	[YRTH@Q	V7BQQCBDF	D[YSO[ \]XANQQ CDDF(AYM@Q@TVX]X@VQW; 	_UCSO[]C\B=_RJW@R+
BNVGUA]SX\RZY@@
CQNZ\K[F_T[[ QV@Q[E
,HYF@_@\_[[	@NKRB	HQI[QXWH\@U	3SX]E	NXXBC[QXJ(JNI\NLWX^3SIGQQJQ3	QAC\_N@YOVPLA@]QRV^@AWPWL@Q YER\_VVQW; 	]UCQSSJ@QPTJW\NXDFJ^JAR	[Y[SUNjOVQVQIVYTJ^R@N 3]]X@@KCCXnBG_F@R	
 <	C@TKJBIACYTJAR AYKTK]CPZEQIZDXJ(HNI^AR]E @QQ_V^NMIOAQVIRB %I@XJOJN]GIPAO[	
j	QXICQEXTI2A_ZUCA
=L_NXJ_QPUXWBZTFKOASX\SPT_SVQGJ^K^F@N 3_]Z]\QVQ
][F@]\NQ[VC@SEERU\NXD+ XWC@NAYAH\C_SNLP%
T@VRTAR]\GJ<RPHNISS3YIDDF	F[YQVJ[A@SBOVPLKD_EXJ NMHPRO[	
j	SXIA[@XJ	_UCSOAPLWDO	
QIS_V 3[YPO[NK@_W[O@@R+
CNVGOARI\@3@Q^]O	nHOJ\@U]QVCW^SDOIAB]QKZC@N[VB_ANLP%
TBVRVJ]C@NJNI\]@T^@@C_ITJ^B]\N<QVBNL\JWNSJC@IQ3	PAC\@SS^T7\_QXIIT2KAYSUNER_Y[NK_IAXWB[YEIVQO[ LV[^@@R+
ANVEISPO[ ]]XANQNXHXNMASOA=QER^@@QQBDXWXAR	
 <	B@TDO]RJ@,ZAVRX
	<		ANKRB	KQIYEBXHX	[YQTHUDYHNLY @@B@YQ3	RAC^C\BNLC	QXICG_RV\[[[VK\]@	G3QIXQF@OA\\D[OA
=L^NXJ_I CD[;K^INV[3PUJW\NXDEJ^HZF[Z[[QVC[Z _Y]@@]QNYWCAR	
 <	@@TWX^@@T@VRTVO QAYI@Q		L_XANnJ^IARUCARSI_Q@SS3XIDHX\@\_(HP[ACQ	V7AQQ_V]NMKTP[A@QGER_USIFB\QRV]DAOA
=L\NXHCCXQ	CNVGUA^SX^E@@KCG
2NMJOA
NIN@R^EDO	nIOJ\[[RSSM3KUSX	,AFJ^JARRAC[BZANLE@@BFZ	E@XHX	[Y[ZUN
A8KQI_EXJ	_UCSOAPLWDO	
QI^_V 3[YWO[NK@_W\O@@R+
CNVGOARI\G3IZLJ
4E
VXW@@NHNI[AU^EQIZJ@\VKAR 	AYAT_NP2
BIGD^HX JAYSUNER]@@IFADF(AYM@Q@TVX]X@VQW; 	_UCSO[]C\E=V ERNE, _RV\[[	BNKTVWDOIB@ZUM[C@N[VKY]@S=
 QN\TLARPAC\_N@ZOVRVQAQN]QVO	<
[VG@S
]J\\RNQ_IT2JAYS@Q]ARZj_\OVXT 7^NMIOA 	@@TPY]@@
CQNYWCZEXX[[ QVIVB	,AEJ^N]F@NJNI\]@T^@@C_ITJ^OX\N<QVENL\JWNSJCGIQ3	PAC\@SS^S7U[@@QW%		E[YSO[ _]^TTRVQFJ^KYG\^GKOA SXVKJ
4E
UXWD\Z[[	@NKRB	HQI[QXWEY@U	3SXZE	NXXBC[QXJ(JNI\NLWXY3ZLQI/QAYI@QPVJWZZCC_IAXWAXXB@[QO[ L_^ANE, \RVXGOOA 	B@TKJAICXJRVYBUA3LSDOXIQZC@JHX
	<		@NKREY]\V%KBIV3 Q[VC@SY\NXLGG[QRV]DKW[[O@Q YERU]NXT 7]NMMSUO[ ]]XANQNXHXNMLVOA=QERY@@QQBDXPXAR	
 <	B@TDO]RJG,SQNF	&^QVANLC	SXIEXCXJNMHPSSOZD@SCOVZJ_QW%		F[YWSO@QPTJW\NXDFJ^JAR	[YVVUNjOVVVQIVYTJYR@N 3]]X@@KCC_nKGJ^O

< ^SX^E BQQEFXHX	[YRPN_@^ENLY @@K@G/RAYM\E@SY^NXJ_QPVXW@@NAYLY_N@7@@G_IXVRFK]@XN[[3PTJW\VQB[G+PVXWN	 &
PLWDOZIB]WJAR AYH_GU@R[EQIS_V3 R[VG\GNLC	QXICG_RV\[[[VFY]@	G3QI_QF@OA\\C[OA
=L^NXJ_I CD[;K]HNV[3PUJW\NXDEJ^KTC^X[[QVCR^TY\@@]QNYTBAR	
 <	@@TWX^@@T@VRTVO QAYI@Q		LQ]ANnJ^IARUCARSI_Q@SS3XIDHX\@\_(HSZACQ	V7AQQ_V]NMHZVUM@QGER_\QLAAYQRV]G@OA
=L\NXHCCXQ	CNVGUA^SX^E@@EFG
2NMJOA
NIN@R^EDO	nIOJ\[[RSSM3E[SX	,AFJ^JARRACYAZANLE@@BCZFFXHX	[YUTUN
A8KQI_EXJ	_UCSOAPLWDO	
QI__V 3[YWO[NK@_W\O@@R+
CNVGOARI\G3GTLJ
4E
VXW@@NHNIY@Z^EQIR@LP]VO	AYUO@Q	V7BQQCBDF	D[YSO[ \]XANQQFXJ3AYWUNSXLWXYNNXT 7_NMIOAH\CX.T[]O	nHOJ\@U]QVDS^KJQQDGZQBAR 	AYOY_NP2
BIGD^HX JAYSUNER]@@IGADF(AYM@Q@TVX]X@VQW; 	_UCSO[]C\E=XERNE, _RV\[[	BNKW^WDOIJAZRH[\N ACZG@SS3ZI@XRVO PAYI@QPUJW\NXI@]HX
&
ACX_NLEY]\VX_QW%		D[YSUNB\AV1TJW@R+
BNVGUA]SXZSXANIM[UCTE@N[VE_]@S=
 QN\TLARPAC\_N@ZOVRVQAQN\QVO	<
[VG@S
]J\\RNQ_IT2JAYS@Q]ARZjQZOVXT 7^NMIOA 	@@T_^]@@
CQNQUK^FX@UNIZCNLP%
TBVRPJ[\NP[VC@SY_NXJ_QIVRPOAR<
NIX]@QERO]RJGQG/PAYI_N@R^8^\NXQW; 	^UCSOASLS_U\NXTVR\C]G_^[[ QVGSB	,AEJ^N]F@NJNI\]@T^@@C_ITJ^NX\N<QVENL\JWNSJCGIQ3	PAC\@SS^S7[\@@QW%		E[YSO[ _]\Z\RVQFJ^BZ@]\FUA	NKT^E
,HYF@Y@Z@U_QVANLC	PXICGF@YE@N&NKVBOV@KCC__V3 P[VC]@_W\2Z[XIIT2KAYSUNERXXPJ_Q^F@\@YY@APOA		@T^DO	nKOJX\AUA_SX^E AQQ_V
OJXY[[,@TKJ@@QB[GVDF	&_QVABVX]X=LKQQJQ3	QAC\_N@YOVWIGCGOJ]\DLRVRUN	]^U@@R+
ANVCIUOAQLWDOYIDDF NVCLOA.
]\ANQII CD\FVO

< _SX^HKJ\\RI,B[QNF	&^QVANLC	SXIBS	G@DF
	UCRZVLXKU]@PNXKCEG/RAYK\C_]@T_@@C_IGHOJ\@UACZF@SZ2XI@GJ^X\@\_UUA	.E[OVR_QZCG7UJZRVU,ER]@@TBVRUC]HX@U	NI]HZ\WXANIEXSVO

< ]SX\W[ANQNXHX KAYSUN@TRDO4XVRWVONM[RSSJN_NP2
@IC	DFK]@Z3FIZAYN
A8HQIYBXJ	]UCTPRM\_NPJW^RIEAY_VNVFIZOA
	1A]@@BCZQ	CNV@JRWSUNERZ_SNC_ITJ^LX\N<QVGNL\JWNSJCEIQ3	PAC_C]NLWX[3SJKQQJQ3	QAC^C]]@T]@@DAYCXJNMKSSZJ]B@SCOVSJK_IT2HAYRI]_N@[OVUHAG[Q	BNV@KQWSUN@TRDO4XVRRVONM[RSSON_NP2
@I@DYVOA\\B&U[ACQ	V7AQQ_V]NMMUWTI@QGER\\QOBFZQRVZOUA	.EYOVSJCKG^RV\[[	ANKRBNXNF_IV%NVBUA
[VQ]AR[KJ
4E
WXW@@UHSSV&ZJNKLP%
TAVRTVO RAYM[A[DNLE@@BC^DL[HX	[YUZUN
A8KQIZCLDF	D[YSO[ \]XANQQFXJ3AYVUNSXLWXXNNXT 7_NMIOAH\CZ.S^ERNE, _RV^GHOA 	@@TRQY\NXTVRUB_@U_CUA	NKS^KJ
4E
UXWA\][[	@NKT[SXANQN^QCY@@NAYOY_N@7@@E_IXVRFK]@ZN[[3PTJW_RK_I CD^;K]@NV[3PUJW^RK_QPUXWFY\CIOASX_^\]^QVQGJ^K]@@N 3_]Y]]NXDGJ^LX@X\[[	ANKT[SXANQQFXJ3AYUUNSXLWX[NNXT 7_NMJSRUNB\AW1QJW@R+
BNVGUA]SXZ_^]@@
CQNQ]IUHU@UNIZGNLP%
TBVRUJ]H@NJNI\]@T^@@C_ITJ^NX\N<QVDNL\JWNSJCFIQ3	PAC\@SS^Q7\\PXIIT2KAYQI]_N@YOVTLKG[QRV]OMT[WL@Q YER\\PVQW; 	]UCRSRUNER[ZZNC_IGHOJZZOMSOANKT[E
,IBDF	RVNFISUAUN
A8IQIXB	DFK]@Z3FIVAYN
A8HQIYBXJ	]UCUZVM\_NPJW][HKF\	_VNVFIVOA
	1A]@@BCZQ	CNVA@VWSUNER[UWNC_ITJ^LX\N<QVGNL\JWNSJCEIQ3	PAC_C]NLWX[3SJGQQJQ3	QAC^C]]@T]@@EK]CXJNMHZSROZD@SCOVSJG_IT2HAYRI]_N@[OVTBEG[Q	BNVAAUWSUN@TRDO4XVRRVONM[RSSON_NP2
@I@DYVOA\\A&RST[VNP2
AIADYHX HAYTH_G\]@ZNXKJKYCDDF	 UCRSTUN
A8KQIZBXJ	_UCTRPM\_N@ZOVUK@G[QXWFY@U	3SXXE	NXXBC[QXJ(JNI_ASEY]\T%BC]IJ(KNI^ASB	KQI\G@XHX	[YRZLYGTHNLY @@BC]Q3	RAC]C]]@T_@@DC_CXJ	^UCTSWM\_N]^X@@A,F@[\N[YARI\EN]@S=
QN[TK\N]GIQ<ZANISS3YIDDF	F[YRU@YE@SBOVSMG@\CXJ NM@[OA
	1A]@@AC[_V_NMIOA 	C@TKJXIE[Q/UCQOAQVSS^UJANE, ^RV\
UARSI^,UH@TNE
,HZF@]\NR[VB[@Z^EQIZELQTLAR 	AY@U_NP2
BIADXVVO PAYI@QPUJW\NXIBXHX
&
AC^_NLEY]\PX_QW%		D[YSUNB\AP1WJW@R+
BNVGUA]SX_ V^Y@@
CQNYQN_HZ\[[ QVHRB	,AEJ^H]@^@U_QVANLC	PXICGF@[@@N&NKPBOV@KCCY_V3 P[VC]@_WZ2USXIIT2KAYSUNER\YQBK_IAXWAYZ@@TUO[ L^YANE, \RV^GIQOAQLWDOYIDDF NVAIOA.
]ZANQII CDZFVO

< _SX^HKJ\\RH,JYIJ(KNI\]@T]@@BF] AXJNMHVZPIUA@SCOV[H_QW%		F[YQSI^_N@[OVRVQ
]ZF@]\N		AYUI@QE8	NXH_QUQNJUJ]BN@U,ER]NXBC[,M[F@R	
 <	C@TKJBIBAPWLAR AYHZBTCRVEQIR_V3 R[VA\APB	IQI[Q	BNVGUA	NIZANLR=QQ_V XWR]\GKAOA
	1A_@@CGBDXV%TDNV[3PUJW\NXDEJ^K[@Z\[[QV@TZTZX@@]QNQPVO

< ]SX\WZANQNXHX KAYSUN@TWDO4XVRVVONM[RSSKN_NP2
@IC	DFK]@^3NLAY[	
j	PXICG\RV]AK[WO[LV^[TVNB_I]XWIY@U,ER_\RH_QPWXW@@NKNI\]@MJWZRVQ^7OJ^@UAY[]C\C@B	,AGJ^J\N]GIQ<ZONISS3YIDDF	F[YRUL\K@SBOVSLJ@^DXJ NM@UOA
	1A]@@AC[_V_NMIOA 	C@TKJXIE[Q/UCQOAQVSS^UJANE, ^RV\
UARSI^,UF@TNE
,HZF@]\NR[VBZFQ\EQIZBL^SNAR 	AY@[_NP2
BIADXVVO PAYI@QPUJW\NXIBXHX
&
AC^_NLEY]\PX_QW%		D[YSUNB\AS1PJW@R+
BNVGUA]SX[ R^ANI@^QOYI@N[V@[]@S=
 QNZTJ\\NP[VC@SY_NXJ_QIVRWJAR<
NI]]@QERO]RJBQG/PAYI_N@R^8[[NXQW; 	^UCSOASLR\_\NXTVRPO]C\\[[ QVBTB	,AEJ^H]@]@U_QVANLC	PXICGF@^@@N&NKSBOV@KCCZ_V3 P[VC]@_WY2_WXIIT2KAYSUNERX^ZN_Q^F@YCY\BHOA SX] KJ
4E
UXWB\\FUA_SX^E AQQ_V
OJ_\[[,@TKJ@@QB[BVDF	&_QVABVX]]=IGQQJQ3	QAC\_N@YOVWKGKGOJX]NASQO[ LT\ANE, \RV^GIROAQLWDOYIDDF NVDIOA.
]YANQII CDYFVO

< _SX^HKJ\\RK,@XIJ(KNI\]@T]@@FCZ_VNVCIWVVK@Q YER^_NXT 7]NMKSSRUNER]@@TAVRTVOUCPSO[1\JW]NXIQEXTKO\N	 &
QLWANSJCB4AVRX
	<		ANKRB	KQI_	DBDF
	UCP[ZJ\@@SCOVQH_QW%		F[YQSI]_N@[OVRVQ
]ZF@]\N		AYPI@QE8	NXK_QUQNJUJ]AN@U,ER]NXBC[ ,GYF@R	
 <	C@TKJBIGC\TVO AYPNXCYENLY @@@BG/RAYK\C]]@T_@@C_IGHOJ\@UAC_C@SZ2XIBGJ^X\@\]UUA	.E[OVR_QZCE7WJOJN 3\]XAN QN\RJY\NAC_FTIR[EQIX_V3 R[VA\ASB	IQI[Q	BNVGUA	NI_ANLR=QQ _V XWR]\GHAOA
	1A_@@CGBDXU%^INV[3PUJW\NXDEJ^OUBT@U	NIXHT^_DO I@MDF	&]QVCR^KJ@ICXJ	^UCSOANKQ^E
,IEDF	RVNFISRAUN
A8IQI[L_VYTJ\/_TUCA
=L_NXJ_QPUXWEZUEUA	NKVVPQU@@]QN[\VO

< ]SX\WYANQNXHX KAYSUN@TWDO4XVRUVONM[RSSHN_NP2
@IC	DFK]@_3@HAY[	
j	PXICG\RV]FKSWO[LVXTTZIJ_I]XWG]@U,ER_\RI_QPWXW@@NKNI\]@MJWYRVQ^7OJ_@UAY[]C\B@B	,AGJ^J\N]GIP<TINISS3YIDDF	F[YRRI\G@SBOVSJDE_ GXJ NMNSOA
	1A]@@AC[_V_NMIOA 	C@TKJXIF[Q/UCPOAQVSS^TJANE, ^RV\
UARSI_,[B@TNE
,HZF@]\NR[VB]GRZEQIZ GG^]JAR 	AYN__NP2
BIADXWVO PAYI@QPUJW\NXIAXHX
&
AC__NLEY]\QX_QW%		D[YSUNB\AQ1UJW@R+
BNVGUA]SX_SXY@@
CQNYUH\BZX[[ QVFPB	,AEJ^H]@_@U_QVANLC	PXICGF@X@@N&NKQBOV@KCCX_V3 P[VC]@_W[2[WXIIT2KAYSUNER\^RJG_IAXWA]TOLWSO[ LP]ANE, \RV^GIPOAQLWDOYIDDF NVBIOA.
][ANQII CD[FVO

< _SX^HKJ\\RI,D_IJ(KNI\]@T]@@BBSGXJNMHRUUH]F@SCOVUN_QW%		F[YQSI__N@[OVRVQ
]ZF@]\N		AYVI@QE8	NXI_QUQNJUJ]CN@U,ER]NXBC[,C_F@R	
 <	C@TKJBIBF\TNAR AYH^@_B[_EQI\_V3 R[VA\AQB	IQI[Q	BNVGUA	NIYANLR=QQ_V XWR]\GJAOA
	1A_@@CGBDXW%ZFNV[3PUJW\NXDEJ^K_B\X[[QV@P_^^X@@]QN_RVO

< ]SX\W[ANQNXHX KAYSUN@T WDO4XVRWVONM[RSSJN_NP2
@IC	DFK]@_3@@AY[	
j	PXICG\RV]EASWO[LVZZTPNB_I]XWGU@U,ER_\RI_QPWXW@@NKNI\]@MJWYRVQ^7OJ_@UAY[]C\B@B	,AGJ^J\N]GIP<TANISS3YIDDF	F[YRQO\G@SBOVSHFFS EXJ NMN[OA
	1A]@@AC[_V_NMIOA 	C@TKJXIF[Q/UCPOAQVSS^TJANE, ^RV\
UARSI],^ARLJ
4E
VXW@@NHNIXIT^KJQQAMZPH^\N AC^C\]@S=
 QNZTJ\\NP[VC@SY_NXJ_QIVRTVO	<
[VB@S
]J\\RKQ_IT2JAYS@Q]AR_jVYTNXQW; 	^UCSOASLUZ\\ZVQFJ^H^B]X@AOA SX_^DO	nKOJ^\GHOA 	B@TKJAICXJRV[GUA3LVDOXIQZCEJHX
	<		@NKREY]\S%BBSIJ(KNI\]@T]@@ABSAXJNMKQZQN[@@SCOVSKK_IT2HAYQI\B@SY^NXJ_QPVXW@@NAYN\_N@7@@B_IXVRFK]@]N[[3PTJW\VQB[B+YUOOJN 3\]XAN QNZUJUD@N[VA^ATX _DO IBE]HX
	<		BNKP^VDOXIDDF	E[YSO[	SXYKJ
,UQNYHXNVUHSSR[@Q	V7@QQXJUJ]A3]FMAY[	
j	PXICG\RV^GAQ[O[LUYZ[[O@_I]XWA]X[[3PVJW^RJB_IGIOJ\@U^QVANLPOVUJ_QC;	RV][[
ACNB\ASLE
,H[F@]@NFISR<H]DNKLP%
TAVRTVO RAYK]FUGNLE@@AA]CBPHX	[YRRN@Q	V7BQQCDYHX JAYSUNER]@@IDDDF(AYH@Q@TVX]]@VQW; 	_UCSO[]C\@=_QJW@R+
BNVGUA]SX\T\]@@
CQNZVIXCZ_[[ QV@SXE
,HYF@_@\][[	@NKRB	HQI[QXWG\@U	3SX_E	NXXBC[ QXJ(JNI\NLWX\3SKBQQJQ3	QAC\_N@YOVPJCE[QRV^G@R[PA@Q YER\]SVQW; 	]UCQSSH@QPTJW\NXDFJ^JAR	[YTSUNjOVSVQIVYTJ\R@N 3]]X@@KCCZnBEXF@R	
 <	C@TKJBIBMPTNAR AYK\E_@Q]EQIZ CXJ(HNI^AR_E @QQ_V^NMIOAQVFRB %IBXJOJN]GIRAO[	
j	QXICQEXTK2A]_UCA
=L_NXJ_QPUXWB\Y@KOASX\SQ_XZVQGJ^K\C@N 3_]Z]\SVQ
][F@]\NQ[VC@SEERZ\NXD+ XWA@NAYAH\C]SNLP%
T@VRTAR]\GH<RRKNISS3YIDDF	F[YQSJ]E@SBOVPKAC^@XJ NMHRQO[	
j	SXIA[BXJ	_UCSOAPLWDO	
QI\_V 3[YRO[NK@_WYO@@R+
CNVGOARI\G3@T_]O	nHOJ\@U]QV@W^WDOI@CYQNXH@N[VBZ@NLP%
TBVRPJ[\NP[VC@SY_NXJ_QIVR]OAR<
NIX]@QERO]RJGQG/PAYI_N@R^8Y[\@@QW%		E[YSO[ _]YYUWJ_Q^F@^F[[@APOA		@TQXANE, \RVXGOOA 	B@TKJAICXJRVUBUA3LSDOXIQZC@JHX
	<		@NKREY]\V%BEXIJ(KNI\]@T]@@BFXCXJNMJTZSA\K@SCOVSL@_IT2HAYWIZ_N@[OVRVQ
]ZF@]\N		AYZL@QE8	NXN_QUQNJUJ]DN@U,ER]NXBC[,E^VXWN	 &
PLWDOZIE]VK]\NAC_DYBS]KJ	QQ EFDF	&]QVERXE @QQ_V^NMIOAQVHWB %IGXJOJN]GIWAO[	
j	QXICQEXTN2AZYUCA
=L_NXJ_QPUXWAYZGIOASX]Q^\YZVQGJ^K[E@N 3_]\]ZNXDGJ^JARQAC\_N]QX@@A,F@Y\N[YARI\GN]@S=
QNXVOA\\C&RUW[VNP2
AICXJ	]UCRVWN\_NPJW_ZHKGS_VNVFOWOA
	1A]@@GC]Q	CNVGUA^SX^E@@JFG
2NMMOA
NIN@R^EDO	nIOJ\[[RSSM3BZF@TNE
,HZF@]\NR[VBYIT^EQIXGE]TBAR 	AYHZD@SS3ZI@XRVO PAYI@QPUJW\NXIM]HX
&
ACX_NLEY]\VX_QW%		D[YSUNB\AV1Q^OVXT 7^NMIOA 	@@TR_^\NXTVRWC]CT_DUA	NKSXKJ
4E
UXWD\Z[[	@NKRB	HQI[QXWIY@U	3SXZE	NXXBC[QXJ(JNI\NLWXY3SLJQQJQ3	QAC\_N@YOVSLBA[QRVXGHU[VA@Q YER\Z[VQW; 	]UCWSUUNER]@@TAVRTVOUCZVO[1\JWXNXIQEXTNO\N	 &
QLWANSJCG4 ELJ^O

< ^SX^E BQQ FMQTVO AYP@[J]IQB	XIB]	_V3 R[VG\GNLC	QXICG_RV\[[[VJY]@	G3QI_QF@OA\\C[OA
=L^NXJ_I CDZ;KTBNV[3PUJW\NXDEJ^NXE_^[[QVE[Z^^Z@@]QNY]HAR	
 <	@@TWX_@@T@VRTVO QAYI@Q		LVY]@@A,F@_\N[YARI\AN]@S=
QNXVOA\\E&RZP[VNP2
AICXJ	]UCWVZHZ_NPJWX[CBCY_VNVF@POA
	1A]@@AC[_V_NMIOA 	C@TKJXIBZ_V 3[YQO[NK@_WZO@@R+
CNVGOARI\A3@[^]O	nHOJ\@U]QVEVYSDOIGL^UBXC@N[VBUANLP%
TBVRVJ]B@NJNI\]@T^@@C_ITJ^K\@@N&NKPBOV@KCCY_V3 P[VC]@_WZ2][KQI/QAYI@QPVJWXWKGKGOJXUGMZRSUN	]YT]NXT 7]NMKSSQUNER]@@TAVRTVOUCRRSUNjOVPVQIVYTJ_R@N 3]]X@@KCCYnBM^F@R	
 <	C@TKJBIGCXRBAR AYL]A\@[[EQIZEXJ(HNI^AR\E @QQ_V^NMIOAQV@S^E
,IFDF	RVNFISQAUN
A8IQI[L_VYTJ_/]U@[YA
	1A^@@C_IGKOJX[CLQOA		@T V^^^WH_QTF@\I[@U,ER_\RH_QPWXW@@NKNI\]@MJW]SJ_QC;	RV^[[
ACNB\APLE
,H[F@]@NFISQ<HUGNKLP%
TAVRTVO RAYMZ@\ANLE@@FCXCLYHX	[YRZM@Q	V7BQQCDZHX JAYSUNER]@@IBEXHX
&
AC^_NLEY]\PX_QW%		D[YSUNB\AP1^]OVXT 7^NMIOA 	@@TQ^UXNXTVRQJZG]_OUA	NKSW KJ
4E
UXWB\\EUA_SX^E AQQ_V
OJ]]GUA3LUDOXIQZCFJHX
	<		@NKREY]\P%BJSIJ(KNI\]@T]@@GDSEXJNMLQSUJ\J@SCOVSCK_IT2HAYQI\A@SY^NXJ_QPVXW@@NAYH]C@SZ2XIAGJ^X\@\^UUA	.E[OVR_QZCF7UCTRVU,ER]@@TBVRPB_B\@U	NIYCVWQ^ANIEQ]VO

< ]SX\WZANQNXHX KAYSUN@TVXANnJ^HARUCARSI^Q@SS3XIDHX\@\^(HT[ACQ	V7AQQ_V]NMMSP[I@QGERY_UJAK^QRV]@AOA
=L\NXHCCYQ	CNVGUA^SX^E@@BC[Q/UCQOAQVSS^UJANE, ^RV\
UARSI^,]F[LJ
4E
VXW@@NHNIXAU]KJQQGDQSOY\N AC]DU]@S=
 QNZTJ_\NP[VC@SY_NXJ_QIVRUJ]\N<QVCNL\JWNSJCAIQ3	PAC\@SS^S7TT@@QW%		E[YSO[ _]P]]RVQFJ^KZD_[NIOA SXWKJ
4E
UXWD\Z[[	@NKRB	HQI[QXWF\@U	3SXZE	NXXBC[QXJ(JNI\NLWXY3[CQI/QAYI@QPVJWTSJF_IAXWA[ZO@SUO[ L^QANE, \RVXGOOA 	B@TKJAICXJRVZGUA3LSDOXIQZC@JHX
	<		@NKREY]\Q%BJ]IJ(KNI\]@T]@@GD[KXJNMLRQSHUF@SCOVSCE_IT2HAYQI\@@SY^NXJ_QPVXW@@NAYH]C@SZ2XI@GJ^X\@\_UUA	.E[OVR_QZC@7]HOJN 3\]XAN QN_PN]\NAC]FUBRWKJ	QQAXJ(HNIXATB	IQI[Q	BNVGUA	NIZANLR=QQ_V XWR]\GMAOA
	1A_@@CGBDXP%TCNV[3PUJW\NXDEJ^MXCY@U	NI]GSVWPANIM[HX
	<		BNKV^KJ@ICXJ	^UCSOANKT^E
,I@DF	RVNFISWAUN
A8IQI[L_VYTJY/U\UCA
=L_NXJ_QPUXWG^YGUA	NKS[UP[\NXTVR]JAR	
 <	@@TW^ANQNXHX KAYSUN@TWDO4XVRPVONM[RSSMN_NP2
@IC	DFK]@^3FNPAYN
A8HQI[Q	ANVDAUQSUN]\\[PCGCGOJ][DUA	.EYOVPJCAG^RV\[[	ANKRBNXKCCG
2NMKOA
NIN@R^EDO	nIOJ\[[RSSM3JZSX	,AFJ^JARRAC[K^ANLE@@BERFA_HX	[YZUUN
A8KQI_EXJ	_UCSOAPLWDO	
QI]_V 3[YWO[NK@_W\O@@R+
CNVGOARI\G3HULJ
4E
VXW@@NHNI[HS[EQIZBL^SNAR 	AY@[_NP2
BIGD^HX JAYSUNER]@@IEDDF(AYM@Q@TVX]X@VQW; 	_UCSO[]C\E=WERNE, _RV\[[	BNKUXWDOIBB\WI_E@N[VJX]@S=
 QN\TLARPAC\_N@ZOVRVQAQN^TVO	<
[VG@S
]J\\RNQ_IT2JAYS@Q]ARZj^]OVXT 7^NMIOA 	@@TPZX@@
CQNYRLUDX][[ QVHWB	,AEJ^N]F@NJNI\]@T^@@C_ITJ^L]\N<QVENL\JWNSJCGIQ3	PAC\@SS^T7\UVXIIT2KAYSUNERYZQJC_IAXWE\_CI[RO[ LVQY@@R+
ANVEISPO[ ]]XANQNXHXNMHRSO[1\JW_NXIQEXTIO\N	 &
QLWANSJC@4 JGJ^O

< ^SX^E BQQFMYRVO AYW@UB\CVB	XIBR_V3 R[VA\AQB	IQI[Q	BNVGUA	NI]@RB %I@XJOJN]GIPAO[	
j	QXICQEXTI2AU^UCA
=L_NXJ_QPUXWDYYDKOASXZS_TZUVQGJ^KTB@N 3_]Z]\QVQ
][F@]\NQ[VC@SEER\]RVQ^7OJ_@UAY[]C\B@B	,AGJ^J\N]GIW<TMNISS3YIDDF	F[YV[M\_NPJW]SLEBZ_VNV@MOA
=L\NXNCEG^RV\[[	ANKRBNXOC_IV%NVCUA
[VQ]ARZKJ
4E
WXW@@UHSSW&[FNKLP%
TAVRTVO RAYLUAY]@ZNXKBKSGDDF	 UCTVO[	
j	SXIG[_V_NMIOA 	C@TKJXIF[Q/UCWOAQVSS^SJANE, ^RV\
UARSIX,[G@TNE
,HZF@]\NR[VE\@RB	XIBY CM^QVO	AYTO@Q	V7BQQCBDF	D[YSO[ \]XANQQCXJ3AYWUNSXLWXYNNXT 7_NMIOAH\CX.UY]O	nHOJ\@U]QVGRW KJQQ AG[WC\\N AC[D@SS3ZI@XRVO PAYI@QPUJW\NXIAXHX
&
ACX_NLEY]\VX_QW%		D[YSUNB\AV1WJW@R+
BNVGUA]SX[ WXANIEXSLYAX@UNI[ANLP%
TBVRPJ[\NP[VC@SY_NXJ_QIVRQJAR<
NIX]@QERO]RJGQG/PAYI_N@R^8_\NXQW; 	^UCSOASLR]UYNXTVRUJTHT_NUA	NKU_E
,HYF@Y@Z@U_QVANLC	PXICGF@X@@N&NKVBOV@KCC__V3 P[VC]@_W\2[PXIIT2KAYSUNERXZUJ_Q^F@\A^]EOWOA		@TUDO	nKOJX\AUA_SX^E AQQ_V
OJY\[[,@TKJ@@QB[GVDF	&_QVABVX]X=M@QQJQ3	QAC\_N@YOVWMFFGOJ]]CJUZSUN	]_^@@R+
ANVCIUOAQLWDOYIDDF NVBIOA.
]\ANQII CD\FVO

< _SX^HKJ\\RI,BRQNF	&^QVANLC	SXIG_E@DF
	UCW[UHTF_]@PNXKJCG/RAYK\C_]@T_@@C_IGHOJ\@UAC]B\]@	G3QIXQF@OA\\D[OA
=L^NXJ_I CD\;MURVU,ER]@@TBVRRKU@@N[VB^DWVQDO IDLDF	&]QVERXE @QQ_V^NMIOAQVDRB %IGXJOJN]GIWAO[	
j	QXICQEXTN2GUNMA	.EZOVRVQ
]YF@[BZY[[QV@PYU\\@@]QN_]VO

< ]SXZQDOXIDDF	E[YSO[	SX[KJ
,UQN\HXNVUHSSW[@Q	V7@QQXJUJ]D3]ENAY[	
j	PXICG\RV]FIQSO[LU][_TME_I]XWA^[[[3PVJWXRL_QPWXW@@NKNI\]@MJW[WVQ^7OJX@UAY[]C\E@B	,AGJ^J\N]GIV<V@NISS3YIDDF	F[YPZKUF@SBOVZOBA]_VNVB@OA
=L\NXKCCSQ	CNVGUA^SX^E@@GCG
2NMLOA
NIN@R^ EDO	nIOJ\[[RSSL3FTSX	,AFJ^JARRAC_KYGRB	XIKXGF_HX	[YV[UN
A8KQIZCLDF	D[YSO[ \]XANQQCXJ3AYVUNSXLWXXNNXT 7_NMIOAH\CZ.SYERNE, _RV^GHOA 	@@TRY_\RVQFJ^N^G\^OLOA SX__DO	nKOJ]\FUA_SX_ VZ]\NXDFJ^KXA^\GUA	NI]ARB %IEXJOJN]GIUAO[	
j	QXI@[ XJUJ]F3]@@AY[	
j	PXIA[ _V]NMHVQVK\_NPJWXVJJD^_VNVFNZOA
	1A]@@BCZQ	CNVFLQVQI@QPUJW]WHFA[QXWA\\[[,@TKJ@@QB[EVDF	&_QVBR_HKJ\\RL,B\QNF	&^QVCR_E BQQ GAQVJAR AYM^B^ERWEQIZGXJ(HNI]ASB	IQIZFMZTVO QAYHXFUCRBNXKCCG
2NMOOA
NIN@R^EDO	nIOJ_\FOARI\E3@U[]O	nHOJ^\FUA]SX_PZY\NXTVRPHXAT[OUA	NKSY KJ
4E
UXWA\][[	@NKSZU\]@@TAVRUNZBX\[[[VB\ANLR=QQ_V XWR]\GOAOA
	1A_@@@CZL_VYTJX/Y_UCA
=L_NXJ_QPUXWCXTOLOASXY_ZY]NXTVRQIAR	
 <	@@TWXU@@T@VRTVO QAYI@Q		LSXANnJ^OARUCARSIYQ@SS3XIDHX\@\Y(LQAYN
A8HQI[Q	ANVDMRVSUN]_\UVJ@_I]XWE^@U,ER\\RB_QPWXW@@NKNI\]@MJWXRVQ^7OJY@UAY[]C\D@B	,AGJ^J\N]GIU<RN\QV
@S=
QNZTKARRAC]G\GV^EQI_F@]WIAR 	AYH[C@SS3ZIEXUVO PAYHXCZERB	HQIZCB\TVOUCRSSUNjOVTVQIVYTJ[R@N 3]][]]VQB[F+]PXWN	 &
PLWDOZIG]RH]\NAC[F[AUVEQI^_V3 R[VB\AZB	IQI[Q	BNVGUA	NIXANLR=QQ_V XWR]\GLAOA
	1A_@@CGBDXR%\G^NMA	.EZOVPJB_IGKOJ]XDK[SO[LSY^_VMB_I]XWA[^[[3PVJW]RK_QPWXWAX_EASOAPLV\^^ZJ_QIVRUJ]\N<QVGNL\JWNSJCEIQ3	PAC_C]NLWX[3SM@QQJQ3	QAC^C]]@T]@@BG_CDDF
	UCWRTKUG\]@PNXKD@G/RAYH\B@SY^NXKGG]CXJ	^UCRWWO\C@SEER\\RVQ^7OJZ@UAY[]C\G@B	,AGJ^I]A@UHSSW&]A]SX	,AFJ^JARRAC]C_GRB	XIAX	CBPVVO	AYRK]_NP2
BIGD^HX JAYSUNER]@@IDADF(AYM@Q@TVX]X@VQW; 	_UCSO[]C\@=\ERNE, _RV\[[	BNKQVSDOIACPTMY\N AC^G@SS3ZIFXTKARPAC\_N@ZOVRVQAQNZQVO	<
[VB@S
]J\\RKQ_IT2JAYS@Q]AR_jU]OVXT 7^NMIOA 	@@TWXY@@
CQNZ]KXBU@UNI^DNLP%
TBVRVJ]A@NJNI\]@T^@@C_ITJ^HX\N<QV@NL\JWNSJCBIQ3	PAC\@SS^V7_Z@@QW%		E[YSO[ _]\\^VVQFJ^I]DUTCUA	NKPXE
,HYF@_@\][[	@NKRB	HQI[QXWBY@U	3SX_E	NXXBC[ QXJ(JNI\NLWX\3PMQI/QAYI@QPVJWXPNG_IAXWC]TCJZOA		@TPDO	nKOJ^\GHOA 	B@TKJAICXJRV^BUA3LVDOXIQZCEJHX
	<		@NKREY]\S%ACIV3 Q[VC@SY\NXIGC_QRV^EMQVPUN	]Z]@@R+
ANVEISRO[ ]]XANQNXHXNMKVOA=QER\@@QQBDXUXAR	
 <	B@TDO]RJB,Y QNF	&^QVANLC	SXI@^GXJNMKPTTIT_NPJW^SVQW; 	]UCQSSH@QPTJW\NXDFJ^JAR	[YQVUNjOVSVQIVYTJ\R@N 3]]X@@KCCZnAFJ^O

< ^SX^E BQQE@\HX	[YQVH]EX]@PNXHA_IT2HAYQI\B@SY^NXJ_QPVXW@@NAYKY_N@7@@B_IXVRFK]@]N[[3PTJW\VQB[B+ZWXWN	 &
PLWDOZIG_RNAR AYKZGZ@[B	XIAXQ3	RAC^C\@NLC	QXICG_RV\[[[VAY]@	G3QIZQF@OA\\F[OA
=L^NXJ_I CDY;HURVU,ER]@@TBVRPI[D@N[V@_@ZW KJ	QQKXJ(HNI^AR_E @QQ_V^NMIOAQVCWB %IBXJOJN]GIRAO[	
j	QXICQEXTK2BUNMA	.EZOVRVQ
]YF@YDTX[[QVBV[RXANIFQHX
	<		BNKP^VDOXIDDF	E[YSO[	SX\ KJ
,UQNYHXNVUHSSR[@Q	V7@QQXJUJ]C3ZO[YA
	1A^@@C_IGKOJ]\AJUOA		@TW[X]WK_QTF@[H@N 3_]Z]\QVQ
][F@]\NQ[VC@SEERYYNXD+ XWC@NAYAH\C_SNLP%
T@VRTAR]\GJ<UZ[VNP2
AICXJ	]UCRS[K\_NPJW]ROFDS_VNVA@OA
=L\NXHCCXQ	CNVGUA^SX^E@@GFG
2NMJOA
NIN@R^EDO	nIOJ\[[RSSJ3EZSX	,AFJ^JARRAC]C^GZB	XIJRKLQHX	[YUUUN
A8KQIYCGDF	D[YSO[ \]XANQQFXJ3AYPUNSXLWX^NNXT 7_NMIOAH\C_.TY]O	nHOJ\@U]QV@RZ UDOIBDYPO_@@N[VE[]@S=
 QNZTJ^\NP[VC@SY_NXJ_QIVRPOAR<
NI_]@QERO]RJ@QG/PAYI_N@R^8^YNXQW; 	^UCSOASL^Q]\NXTVR]O_F^Z[[ QVGVB	,AEJ^H]@_@U_QVANLC	PXICGF@YE@N&NKQBOV@KCCX_V3 P[VC]@_W[2ZWXIIT2KAYSUNER\\RBG_IAXWI[_EL[OA		@TRDO	nKOJ^\GJOA 	B@TKJAICXJRVXBUA3LTDOXIQZCGJHX
	<		@NKREY]\Q%EAIV3 Q[VC@SY\NXCF@YQRVUFHPUWUN	]^_@@R+
ANVEISPO[ ]]XANQNXHXNMMVOA=QER^@@QQBDXWXAR	
 <	B@TDO]RJ@,]QNF	&^QVANLC	SXIJ\ EXJNM@PRZ@Y_NPJWZQVQW; 	]UCQSSJ@QPTJW\NXDFJ^JAR	[YWVUNjOVQVQIVYTJ^R@N 3]]X@@KCCXnEDJ^O

< ^SX^E BQQBB\HX	[Y[TI]C]]@PNXLC_IT2HAYQI\@@SY^NXJ_QPVXW@@NAYMY_N@7@@@_IXVRFK]@_N[[3PTJW\VQB[@+^UXWN	 &
PLWDOZIM[PBAR AYAUC[BPB	XIEZQ3	RAC^C\BNLC	QXICG_RV\[[[VGY]@	G3QIXQF@OA\\D[OA
=L^NXJ_I CDP;K\@NV[3PUJW\NXDEJ^L\G\\[[QVCRXV[^@@]QNYUJAR	
 <	@@TVYANQNXHX KAYSUN@TWDO4XVRRVONM[RSSAN_NP2
@IC	DFK]@T3FHRAYN
A8HQI[Q	ANVAKVSSUN]Z]USB@KGOJ]]FUA	.EYOVVKB_IGIOJ\@U^QVANLPOVUJ_QC;	RVZ[[
ACNB\AZLE
,H[F@]@NFIS[<H]ANKLP%
TAVRTVO RAYO_@\ANLE@@ABYF@[HX	[YRRK@Q	V7BQQBEDF	D[YSO[ \]XANQQCXJ3AYUUNSXLWXUNNXT 7_NMIOAH\CT.S_ERNE, _RV\[[	BNKTZWXANIFYPC_DT@UNI]@QB	,AEJ^N\A@NJNI\]@T^@@C_ITJ^M]\N<QVGNL\JWNSJCKIQ3	PAC\@SS^_7\]VXIIT2KAYSUNER[X[JC_IAXWB][@@VPO[ LVYY@@R+
ANVCHROAQLWDOYIDDF NV@IOA.
]^ANQII CDPFVO

< _SX^HKJ\\RB,BZQNF	&^QVANLC	SXIE^CDDF
	UCQQSOZFT]@PNXKBFG/RAYM]B@SY^NXJ_QPVXW@@NAYN\_N@7@@E_IXVRFK]@TN[[3PTJW\VQB[K+YULOJN 3\]XAN QN^RO]@@N[VA^BW]TDO IBE^HX
	<		BNKV_KJ@ICXJ	^UCSOANKU^E
,IBDF	RVNFIS[AUN
A8IQI[L_VYTJU/]]@[YA
	1A^@@C_IGKOJZ[DISOA		@TU^Y\TB_QTF@\A[@U,ERY]SVQ
][F@]\NQ[VC@SEERZ\NXD+ XWF@NAYAH\CTSNLP%
T@VRTAR]\GA<RRANISS3YIDDF	F[YU[H\C@SBOVPHJA\@XJ NMHR[O[	
j	SXIGZ _V_NMIOA 	C@TKJXID[Q/UCUOAQVSS^_JANE, ^RV\
UARSIT,]@[LJ
4E
VXW@@NHNIZI[^KJQQ@FYPMU\N AC]BU]@S=
 QN\UKARPAC\_N@ZOVRVQAQN_TVO	<
[VE@S
]J\\RBQ_IT2JAYS@Q]ARVjU_OVXT 7^NMIOA 	@@TTXZYNXTVRWKUD_U[[ QVCUB	,AEJ^N\A@NJNI\]@T^@@C_ITJ^HX\N<QVGNL\JWNSJCKIQ3	PAC\@SS^_7_Z@@QW%		E[YSO[ _]Y_[RJ_Q^F@^@XUOMOA SX\KJ
4E
UXWD]][[	@NKRB	HQI[QXWBY@U	3SXXE	NXXBC[	QXJ(JNI\NLWXU3POQI/QAYI@QPVJW]PIAFGOJ^UFLQZO[ LU]ANE, \RVXFHOA 	B@TKJAICXJRV^BUA3LQDOXIQZCLJHX
	<		@NKREY]\Z%AGIV3 Q[VC@SY\NXKBJ^_VNVEN[STM@Q YER_XNXT 7]NMMRRO[ ]]XANQNXHXNMKVOA=QER[@@QQBDX\XAR	
 <	B@TDO]RJK,YQNF	&^QVANLC	SXIBZDADF
	UCQUWO]J@SCOVPI_QW%		F[YWRH@QPTJW\NXDFJ^JAR	[YQVUNjOVTVQIVYTJUR@N 3]]X@@KCCSnAFJ^O

< ^SX^E BQQ BFXTVO AYQL]BZENLY @@AAG/RAYM]B@SY^NXJ_QPVXW@@NAYKY_N@7@@E_IXVRFK]@TN[[3PTJW\VQB[K+ZUXWN	 &
PLWDOZIEX\HX\NAC^@[FRVEQIY _V3 R[VG]@NLC	QXICG_RV\[[[VAY]@	G3QI]QF@OA\\O[OA
=L^NXJ_I CDP;H]RVU,ER]@@TBVRUJYE\@U	NI^CV\ TDO IADDF	&]QVES_E @QQ_V^NMIOAQVCWB %IEXJOJN]GI[AO[	
j	QXICQEXTB2BUNMA	.EZOVRVQ
]YF@\CT^BUA	NKQZ T]]@@]QNZ]VO

< ]SXZVDOXIDDF	E[YSO[	SX\ KJ
,UQN^HXNVUHSS[[@Q	V7@QQXJUJ]H3^O[YA
	1A^@@C_IGKOJ]_CLSOA		@TTYUUWVQGJ^HU\N	 &
SLSY\@@T@VRTVO QAYI@Q		LU]ANnJ^LARUCARSITQ@SS3XIDHX\@\X(HRWACQ	V7AQQ_V]NM@UQSUN]Z\[UCF@GOJ]]CUA	.EYOVVJE_IGIOJ\@U^QVANLPOVUJ_QC;	RVX[[
ACNB\AVLE
,H[F@]@NFISW<H]FNKLP%
TAVRTVO RAY@[AY]@ZNXHAC]FLDF	 UCRRVUN
A8KQI_EXJ	_UCSOAPLWDO	
QI\_V 3[YWO[NK@_W\O@@R+
CNVGOARI\G3@SX]O	nHOJ\@U]QVHZ]KJQQAG]WL^\N AC]BZ]@S=
 QN\TLARPAC\_N@ZOVRVQAQN_TVO	<
[VG@S
]J\\RNQ_IT2JAYS@Q]ARZjVYZNXQW; 	^UCSOASL^Q^YNXTVRVH[D\ZOUA	NKS_KJ
4E
UXWD\Z[[	@NKRB	HQI[QXWG\@U	3SXZE	NXXBC[QXJ(JNI\NLWXY3SKCQQJQ3	QAC\_N@YOV[HCCGOJ^\AJRPPUN	]Y\\NXT 7]NMMSUO[ ]]XANQNXHXNMNSOA=QERY@@QQBDXPXAR	
 <	B@TDO]RJG,Z BVRX
	<		ANKRB	KQIRCADF
	UCQSZHT@T]@PNXKBBG/RAYM\E@SY^NXJ_QPVXW@@NAYN\_N@7@@G_IXVRFK]@XN[[3PTJW\VQB[G+YUHOJN 3\]XAN QNQPK]\NAC^B^AWZKJ	QQ BFDF	&]QVERXE @QQ_V^NMIOAQVFRB %IGXJOJN]GIWAO[	
j	QXICQEXTN2A]_UCA
=L_NXJ_QPUXWIY]BUA	NKP_^ZYTNXTVRUK^\N	 &
SLSX[@@T@VRTVO QAYI@Q		LPXANnJ^NARUCARSIXQ@SS3XIDHX\@\X(HR[ACQ	V7AQQ_V]NMHSSWI@QGER_^[HDDXQRV]FAOA
=L\NXNCEG^RV\[[	ANKRBNXMC_IV%NVCUA
[VQ]ARZKJ
4E
WXW@@UHSSW&]BUSX	,AFJ^JARRAC]C]EWB	XIAXB@_\VO	AYRHU_NP2
BIGD^HX JAYSUNER]@@IDDDF(AYM@Q@TVX]X@VQW; 	_UCSO[]C\C=_RJW@R+
BNVGUA]SXZ^ZY@@
CQN\ROXE_T[[ QV@Z[E
,HYF@_@\^[[	@NKRB	HQI[QXWA\Y[[,@TKJ@@QB[AVDF	&_QVABVX]^=KKGIV3 Q[VC@SY\NXNAF^_VNVCORWQNY_NPJW]ZN_QW%		F[YQSI^_N@[OVRVQ
]ZF@]\N		AYRIY_N@7@@A_IXVRFK]@^N[[3PTJW\VQB[A+Y\MOJN 3\]XAN QN\WL[@@N[VG[BZ^SDO IBL_HX
	<		BNKP^UDOXIDDF	E[YSO[	SX_RDO4XVRVVONM[RSSKN_NP2
@IC	DFK]@^3FAUAYN
A8HQI[Q	ANVCJQZQUN]\[UTBCBGOJ]TAUA	.EYOVPJCAG^RV\[[	ANKRBNXKCFG
2NMKOA
NIN@R^EDO	nIOJ\[[RSSK3BT@@TNE
,HZF@]\NR[VG]EW\EQI_JD\\LAR 	AYHTB@SS3ZIFXTHARPAC\_N@ZOVRVQAQNYTOAR<
NI^]@QERO]RJAQG/PAYI_N@R^8YU\@@QW%		E[YSO[ _]\\\ZN_Q^F@YDXUEKPOA		@T_XANE, \RV^GIQOAQLWDOYIDDF NVFIVOA=QER_@@QQBDXVXAR	
 <	B@TDO]RJA,Z	@VRX
	<		ANKRB	KQI_BLPHX	[YWVN_C]CNLY @@BKXQ3	RAC^C\CNLC	QXICG_RV\[[[VB\DNLR=QQ_V XWR]\GKAOA
	1A_@@CGBDXV%\H^NMA	.EZOVRVQ
]YF@YAT^GUA	NKV[V_YUNXTVRUB_\N	 &
SLUX]^NXDGJ^JARQAC\_N]Y]YNXD+ XWB@NAYAH\C^SNLP%
T@VRTAR]\GK<R[@NISS3YIDDF	F[YWWJUE@SBOVVBAC^CXJ NMH[ZO[	
j	SXIA[AXJ	_UCSOAPLWDO	
QIZFXJ3AYQUNSXLWX_NNXT 7_NMIOAH\C^.SVERNE, _RV\[[	BNKVZUPANI@_SC^B[@UNI]IZB	,AEJ^H]@^@U_QVANLC	PXICGF@\@Y@U	3SX\E	NXXBC[QXJ(JNI\NLWX_3SLJQQJQ3	QAC\_N@YOVQMAASQRVXGHU[VA@Q YER\Z[VQW; 	]UCQSSK@QPTJW\NXDFJ^JAR	[YZVUNjOVPVQIVYTJ_R@N 3]]X@@KCCYnBBPF@R	
 <	C@TKJBI@BP]HAR AYJUDU@Z]EQIZKXJ(HNI^AR\E @QQ_V^NMIOAQVHWB %IAXJOJN]GIQAO[	
j	QXICQEXTH2AZ_UCA
=L_NXJ_QPUXWCY^FKOASX]^XU\ZVQGJ^K[C@N 3_]Z]\PVQ
][F@]\NQ[VC@SEERTYNXD+ XWB@NAYAH\C^SNLP%
T@VRTAR]\GK<RUKNISS3YIDDF	F[YPWA[E@SBOVQMF@Z@XJ NMHUQO[	
j	SXIA[AXJ	_UCSOAPLWDO	
QIR_V 3[YQO[NK@_WZO@@R+
CNVGOARI\A3@T_]O	nHOJ\@U]QVBV[WDOI@CYQNXH@N[VBZ@NLP%
TBVRVJ]B@NJNI\]@T^@@C_ITJ^CX\N<QVCNL\JWNSJCAIQ3	PAC\@SS^U7\ZRXIIT2KAYSUNER^XPJG_IAXWCZ[@N[PO[ LV^]@@R+
ANVEISQO[ ]]XANQNXHXNM@VOA=QER_@@QQBDXVXAR	
 <	B@TDO]RJA,ZDVRX
	<		ANKRB	KQIXFA^HX	[YPZM]F\INLY @@BE\Q3	RAC^C\CNLC	QXICG_RV\[[[VJY]@	G3QIYQF@OA\\E[OA
=L^NXJ_I CDZ;K[FNV[3PUJW\NXDEJ^I[B^\[[QVB[^_[^@@]QNYRLAR	
 <	@@TWX_@@T@VRTVO QAYI@Q		L^]ANnJ^HARUCARSI^Q@SS3XIDHX\@\^(HUVACQ	V7AQQ_V]NMJV[[M@QGER^TTLBFSQRV]ALOA
=L\NXHCCYQ	CNVGUA^SX^E@@JFG
2NMKOA
NIN@R^EDO	nIOJ\[[RSSK3BZE@TNE
,HZF@]\NR[V@YDVVEQIX	AL\\IAR 	AYHZG@SS3ZIFXTHARPAC\_N@ZOVRVQAQNQQVO	<
[VA@S
]J\\RHQ_IT2JAYS@Q]ARZjSYOVXT 7^NMIOA 	@@TTZ]@@
CQN]VB^D\@UNIX@NLP%
TBVRPJ[\NP[VC@SY_NXJ_QIVRWOAR<
NIX]@QERO]RJGQG/PAYI_N@R^8\]NXQW; 	^UCSOASLTZX\NXTVRQK\BU[[[ QVERB	,AEJ^N]F@NJNI\]@T^@@C_ITJ^IX\N<QVENL\JWNSJCGIQ3	PAC\@SS^S7Y_@@QW%		E[YSO[ _][YZRVQFJ^O[BX^AUA	NKV]E
,HYF@Y@Z@U_QVANLC	PXICGF@^E@N&NKVBOV@KCC__V3 P[VC]@_W\2XPXIIT2KAYSUNER^_[J_Q^F@XDY_OJOA SXZKJ
4E
UXWD\Z[[	@NKRB	HQI[QXWCY@U	3SXZE	NXXBC[QXJ(JNI\NLWXY3VOQI/QAYI@QPVJW_TJC_IAXWEUZBHPOA		@TRDO	nKOJX\AUA_SX^E AQQ_V
OJ_Y[[,@TKJ@@QB[GVDF	&_QVABVX]X=NGQQJQ3	QAC\_N@YOVQO@CGOJY[NMTSO[ LS\ANE, \RVXGOOA 	B@TKJAICXJRV_BUA3LSDOXIQZC@JHX
	<		@NKREY]\V%GDIV3 Q[VC@SY\NXIDG[QRVZDIVZZUN	]\Z@@R+
ANVCIUOAQLWDOYIDDF NVDLOA.
]\ANQII CD\FVO

< _SX^HKJ\\RN,G]IJ(KNI\]@T]@@@E\_VNVAHPVVO@Q YERYZNXT 7]NMMSUO[ ]]XANQNXHXNMJVOA=QERY@@QQBDXPXAR	
 <	B@TDO]RJG,_QNF	&^QVANLC	SXI@S	CXJNMOUWUAZ_NPJWX[VQW; 	]UCWSUUNER]@@TAVRTVOUCPVO[1\JWXNXIQEXTNO\N	 &
QLWANSJCG4KVRX
	<		ANKRB	KQIX	BDDF
	UCUWTOXA@SCOVVB_QW%		F[YWSO@QPTJW\NXDFJ^JAR	[YPVUNjOVVVQIVYTJYR@N 3]]X@@KCC\nBDPF@R	
 <	C@TKJBIEDZTJAR AYK\CUBS_EQIZKXJ(HNIY@SB	IQI[Q	BNVGUA	NIZDNLR=QQ_V XWR]\GNAOA
	1A_@@CGBDXS%\@UNMA	.EZOVRVQ
]YF@[@UYGUA	NKP^QZ_^NXTVRUJT\N	 &
SLRY\@@T@VRTVO QAYI@Q		LQ]ANnJ^LARUCARSI[Q@SS3XIDHX\@\[(HSSACQ	V7AQQ_V]NMLWQSI@QGER\[[NCAXQRV]GIOA
=L\NXOBBG^RV\[[	ANKRBNXLF_IV%NVAUA
[VQ]ARYKJ
4E
WXW@@UHSST&]C]SX	,AFJ^JARRACYGUDRB	XIBSCM[PVO	AYRI]_NP2
BIFEYHX JAYSUNER]@@IEADF(AYO@Q@TVX][@VQW; 	_UCSO[]C\F=_UJW@R+
BNVGUA]SX[ PX]@@
CQNY\NZHXY[[ QV@R\E
,HYF@XA]@U_QVANLC	PXICGF@[E@N&NKTBOV@KCC\_V3 P[VC]@_W_2]RIQI/QAYI@QPVJWYTNFCGOJ]T@MTVUUN	]Y]_NXT 7]NMLRRO[ ]]XANQNXHXNMOVOA=QER[@@QQBDXSXAR	
 <	B@TDO]RJD,ZGVRX
	<		ANKRB	KQI^ADXHX	[YRZI]EZFNLY @@BC_Q3	RACYB]]@T_@@C_IGHOJ\@UACZF@SZ2XIEGJ^X\@\[UUA	.E[OVR_QZCC7UJXRVU,ER]@@TBVRQMTE\@U	NI]HPV PPANIEXQVO

< ]SX[VDOXIDDF	E[YSO[	SXX KJ
,UQN^HXNVUHSST[@Q	V7@QQXJUJ]G3]GOAY[	
j	PXICG\RVYONSSO[LVQXYVBJ_I]XWA\Z[[3PVJWYSK_QPWXW@@NKNI\]@MJWZWVQ^7OJZ@UAY[]C\F@B	,AGJ^J\N]GIT<RI[QV
@S=
QNXHX HAYV@XF\]@ZNXKJKYCDDF	 UCRSTUN
A8KQI^ BXJ	_UCSOAPLWDO	
QI]_V 3[YUO[NK@_W_O@@R+
CNVGOARI\F3ETLJ
4E
VXW@@NHNI_AR\KJQQBG]QLAR 	AYMZ_NP2
BIBDX\VO PAYI@QPUJW\NXIG]HX
&
ACY_NLEY]\WX_QW%		D[YSUNB\AW1PJW@R+
BNVGUA]SX]QPX@@
CQN^WJXIU@UNIXFNLP%
TBVRUJ]H@NJNI\]@T^@@C_ITJ^IX\N<QVDNL\JWNSJCFIQ3	PAC\@SS^R7YX@@QW%		E[YSO[ _]ZUZ[J_Q^F@XGUX@IOA SXZKJ
4E
UXWA\\OUA_SX^E AQQ_V
OJ_Y[[,@T KJ@@QB[FVDF	&_QVABVX]Y=NFQQJQ3	QAC\_N@YOVPC@F^QRVYNOVRPUN	]\X@@R+
ANVFIS[O[ ]]XANQNXHXNMJVOA=QERX@@QQBDXQXAR	
 <	B@TDO]RJF,_QNF	&^QVANLC	SXIA\EDDF
	UCVWVJT@@SCOVVH_QW%		F[YRSIT_N@[OVRVQ
]ZF@]\N		AYPL@QE8	NXO_QUQNJUJ]EN@U,ER]NXBC[,@[F@R	
 <	C@TKJBIALXVOAR AYLZAXCTB	XIGXQ3	RAC]C\INLC	QXICG_RV\[[[V@Y]@	G3QI^QF@OA\\B[OA
=L^NXJ_I CD];N]RVU,ER]@@TBVRVL]C\@U	NIY@S\PDO IGDDF	&]QV@R^KJ@ICXJ	^UCSOANKQ[E
,IADF	RVNFISVAUN
A8IQI[L_VYTJX/X]UCA
=L_NXJ_QPUXWBZZNLOASX[_[Y\NXTVRPKAR	
 <	@@TWXU@@T@VRTVO QAYI@Q		LT]ANnJ^OARUCARSIYQ@SS3XIDHX\@\Y(M[AYN
A8HQI[Q	ANVDHPVSUN]^Y[TNA_I]XWDT@U,ER\\RB_QPWXW@@NKNI\]@MJW_WVQ^7OJY@UAY[]C\D@B	,AGJ^J\N]GIV<W@NISS3YIDDF	F[YPQI]F@SBOVTLGES_VNVC@OA
=L\NXKCCSQ	CNVGUA^SX^E@@@FG
2NMLOA
NIN@R^ EDO	nIOJ\[[RSSO3BZH@TNE
,HZF@_@]@U]QV@QW_XANI@XULUET@UNI]G[B	,AEJ^K]A@NJNI]B[]WDOYIE[]IU@@NAY@Y_N@7@@E_IXVRFK]@ZN[[3PTJW_RK_I CD^;K[HNV[3PUJW^RK_QPUXWA_TFKSOA		@T^_T]ZI_QTF@\FT@U,ER\\SVQ
][F@\CT]EIOA 	C@TTP\^RVQAQNQQVO	<
[VE@S
]J\\RLQ_IT2JAYPI]@SS^Q7\ZUXIIT2KAYQI]_N@YOVSIEK]_VNVD@WRVIT_NPJW]TM_QW%		F[YRSH@QPTJW]QLKE[Q	BNVFJU[UI@Q		L^]ANnJ^LARUCARSIZQ@SS3XIGXUAR]\GO<RUONISS3YIFXUVO RAYH_FZARB	XI@R@L[WVO	AYROZ_NP2
BIBDYHX JAYRJYE\ANLC	PXIBXEDXHXNM@VOA=QER[@@QQBDXRXAR	
 <	B@TWY@@KCC]nBB]F@R	
 <	C@TWYAN QNYWN^D\@U	NI_ITXRPANIE^QVO

< ]SX_VDOXIE[PIY@@NKNI]BV]WDO	
QIR_V 3[YUO[NK@_W^O@@R+
CNVDIRO[]C\G=_SJW@R+
BNVEIROASLV[^\ZJ_Q^F@^H^TCAPOA		@TQ\ANE, \RV]GHOA 	B@TT[]TRVQ
]ZF@\C_\OIOAQVHWB %IEXJOJN]GIUAO[	
j	QXI@[ XJUJ]F3]AJAY[	
j	PXIA[ _V]NMHPR[K\_NPJW_UCCK[	_VNVFOPOA
	1A]@@BCZQ	CNVFJR[QI@QPUJW]QKKA[QXWIY@U	3SXXE	NXXBC[QXJ(JNI_ASEY]\T%BEYIJ(KNI^ASB	KQIZCA^TVO AYPNY@]BQB	XIB]_V3 R[VB\@NLC	QXIBXFBXHX KAYRJ\FZANLPOV[O_QC;	RVZ[[
ACNB\ATLE
,H[F@^@][[RSSO3BZ@@TNE
,HZF@_@]@U]QV@PWWXANIG_UOYET@UNI]GSB	,AEJ^K]A@NJNI]C[]WDOYIEZ]I]@@NAY@Y_N@7@@E_IXVRFK]@ZN[[3PTJW_RK_I CD^;K[@NV[3PUJW^RK_QPUXWA^TGMSOA		@TQ_Z[ZI_QTF@\F\@U,ER\\SVQ
][F@\BT\CIOA 	C@TUP]XRVQAQNQQVO	<
[VE@S
]J\\RLQ_IT2JAYPI]@SS^P7\[@@QW%		E[YSO[ _]QY[WVQFJ^KUI^[GUA	NKSYE
,HYF@XA]@U_QVANLC	PXICGF@_@@N&NKTBOV@KCC\_V3 P[VC]@_W_2]TXIIT2KAYSUNERT]WJ_Q^F@\G[ZG@OA SX_KJ
4E
UXWE]][[	@NKRB	HQI[QXWB\@U	3SXXE	NXXBC[QXJ(JNI\NLWXZ3SOQI/QAYI@QPVJWTZHF_IAXWAZYNM[OA		@TRDO	nKOJY]FUA_SX^E AQQ_V
OJ^\[[,@TKJ@@QB[DVDF	&_QVABVX][=KGQQJQ3	QAC\_N@YOVZOCCGOJ]YCK[UO[ LV\ANE, \RVYFHOA 	B@TKJAICXJRV^GUA3LQDOXIQZCCJHX
	<		@NKREY]\U%B@IV3 Q[VC@SY\NXBBD^QRV]CKUQVUN	]Y^@@R+
ANVBHROAQLWDOYIDDF NVEIOA.
]^ANQII CD_FVO

< _SX^HKJ\\RM,BYIJ(KNI\]@T]@@DK^_VNVFJSZUM@Q YER\^NXT 7]NMLRRO[ ]]XANQNXHXNMKSOA=QER[@@QQBDXSXAR	
 <	B@TDO]RJD,Z QNF	&^QVANLC	SXID^FXJNMHRZPI__NPJW]SVQW; 	]UCVRRUNER]@@TAVRTVOUCQSO[1\JWZNXIQEXTMO\N	 &
QLWANSJCD4 CVRX
	<		ANKRB	KQI\CDDF
	UCRSTOXA@SCOVSJ_QW%		F[YVRH@QPTJW\NXDFJ^JAR	[YQSUNjOVTVQIVYTJZR@N 3]]X@@KCC\nBMJ^O

< ^SX^E BQQ CEZQVO AYQH^FUCNLY @@BJG/RAYL]B@SY^NXJ_QPVXW@@NAYK\_N@7@@E_IXVRFK]@[N[[3PTJW\VQB[D+Y\XWN	 &
PLWDOZIMPTJAR AYK\CUBSB	XIBSQ3	RACYB]]@T_@@C_IGHOJ\@UAC^C@SZ2XIEGJ^X\@\[UUA	.E[OVR_QZCE7UKOJN 3\]XAN QNZPLU\NAC]BUBR]EQIZ _V3 R[VA\ASB	IQI[Q	BNVGUA	NI^ANLR=QQ _V XWR]\GHAOA
	1A_@@CGBDXU%\@NV[3PUJW\NXDEJ^H^FX@U	NI]AUXUDO IBDDF	&]QVCR^KJ@ICXJ	^UCSOANKP^E
,IEDF	RVNFISRAUN
A8IQI[L_VYTJ\/]_UCA
=L_NXJ_QPUXWBZ[AUA	NKSZQZX@@]QNYWVO

< ]SX\WYANQNXHX KAYSUN@TWDO4XVRUVONM[RSSHN_NP2
@IC	DFK]@]3FKAY[	
j	PXICG\RV^BNQOA		@TTXTZVVQGJ^K_\N	 &
SLUX]]NXDGJ^JARQAC\_N]Z]@@A,F@\\N[YARI\BN]@S=
QNXVOA\\F&RVACQ	V7AQQ_V]NMK[[WUN]Y[Y[NK_I]XWAY@U,ER_\RK_QPWXW@@NKNI\]@MJW^RVQ^7OJ]@UAY[]C\@@B	,AGJ^J\N]GIR<RMNISS3YIDDF	F[YQTA\_NPJW]WNAK]QRV]CUA	.EYOVPJCBG^RV\[[	ANKRBNXHC_IV%NVFUA
[VQ]AR_KJ
4E
WXW@@UHSSR&]DNKLP%
TAVRTVO RAYJ\J^]@ZNXKKJYCXJ NMHTOA
	1A]@@AC[ _V_NMIOA 	C@TKJXIA[Q/UCROAQVSS^VJANE, ^RV\
UARSI],]G@TNE
,HZF@]\NR[VAUIZB	XIB\EDQHX	[YRUUN
A8KQIYCEDF	D[YSO[ \]XANQQCXJ3AYRUNSXLWX\NNXT 7_NMIOAH\C].SW]O	nHOJ\@U]QVBQ^KJQQBF]]HAR 	AYHU_NP2
BIADXUVO PAYI@QPUJW\NXIFXHX
&
AC]_NLEY]\SX_QW%		D[YSUNB\AS1_JW@R+
BNVGUA]SX]^^ANIFXTC^A@N[VBT]@S=
 QNZTJ\\NP[VC@SY_NXJ_QIVRVJAR<
NI]]@QERO]RJBQG/PAYI_N@R^8YTNXQW; 	^UCSOASLT[]\NXTVRVK_EU^[[ QV@[B	,AEJ^H]@_@U_QVANLC	PXICGF@_@@N&NKQBOV@KCCX_V3 P[VC]@_W[2]ZXIIT2KAYSUNER^][L_Q^F@_@\UDHOA SX_KJ
4E
UXWB\\DUA_SX^E AQQ_V
OJ^\[[,@TKJ@@QB[@VDF	&_QVABVX]_=K@QQJQ3	QAC\_N@YOVPLDEGOJ]XEOQVO[ LV[ANE, \RV^GIPOAQLWDOYIDDF NVEIOA.
][ANQII CD[FVO

< _SX^HKJ\\RI,BYIJ(KNI\]@T]@@AF\_VNVFJSZUM@Q YER\^NXT 7]NMKSSPUNER]@@TAVRTVOUCQSO[1\JW_NXIQEXTIO\N	 &
QLWANSJC@4 BVRX
	<		ANKRB	KQIYELDF
	UCRRZJ\@@SCOVSK_QW%		F[YQSI__N@[OVRVQ
]ZF@]\N		AYQI@QE8	NXI_QUQNJUJ]CN@U,ER]NXBC[,EXF@R	
 <	C@TKJBIAG^PVO AYRI[EXCNLY @@BCG/RAYK\C_]@T_@@C_IGHOJ\@UAC^C@SZ2XI@GJ^X\@\_UUA	.E[OVR_QZCG7UMOJN 3\]XAN QN[TC_\NAC]KUCU^EQIZ_V3 R[VA\AQB	IQI[Q	BNVGUA	NI^ANLR=QQ_V XWR]\GJAOA
	1A_@@CGBDXW%\FNV[3PUJW\NXDEJ^HTHT@U	NI]FUX^DO IBBDF	&]QVCR^KJ@ICXJ	^UCSOANKP^E
,IGDF	RVNFISPAUN
A8IQI[L_VYTJ^/]YUCA
=L_NXJ_QPUXWBTTCUA	NKSX ^\U@@]QNYQVO

< ]SX\W[ANQNXHX KAYSUN@TWDO4XVRWVONM[RSSJN_NP2
@IC	DFK]@_3FMAY[	
j	PXICG\RV^@ASOA		@TR\_TTVQGJ^KY\N	 &
SLUX]_NXDGJ^JARQAC\_N]Z]@@A,F@^\N[YARI\@N]@S=
QNXVOA\\O&[[ACQ	V7AQQ_V]NMMV[VI@QGER\X[NGAZQRVTOUA	.EYOVVKB_IGIOJ\@U^QVANLPOVWO_QC;	RVZ[[
ACNB\AZLE
,H[F@]@NFIS[<H\@NKLP%
TAVRTVO RAYLZGYANLE@@BK\DA^HX	[YRSJ@Q	V7BQQBEDF	D[YSO[ \]XANQQFXJ3AYUUNSXLWXUNNXT 7_NMIOAH\CT.S^ERNE, _RV\[[	BNKW[WXANIEPPMUDY@UNI]APB	,AEJ^N\A@NJNI\]@T^@@C_ITJ^LX\N<QVGNL\JWNSJCKIQ3	PAC\@SS^_7\\SXIIT2KAYSUNERXX[OC_IAXWAT^G@PWO[ LVX\@@R+
ANVCHROAQLWDOYIDDF NVALOA.
]^ANQII CDPFVO

< _SX^HKJ\\RB,B[QNF	&^QVANLC	SXIF_CDDF
	UCRTZM\A_]@PNXKCCG/RAYM]B@SY^NXJ_QPVXW@@NAYOY_N@7@@E_IXVRFK]@TN[[3PTJW\VQB[K+YTMOJN 3\]XAN QN]]NX@@N[VBUIPZWDO IBD_HX
	<		BNKV_KJ@ICXJ	^UCSOANKT[E
,IBDF	RVNFIS[AUN
A8IQI[L_VYTJU/]\A[YA
	1A^@@C_IGKOJYT@ISOA		@T^]XXZC_QTF@\@Z@U,ERY]SVQ
][F@]\NQ[VC@SEER[YNXD+ XWF@NAYAH\CTSNLP%
T@VRTAR]\GA<RSLNISS3YIDDF	F[YVT@YC@SBOVSCAK^KXJ NMHSVO[	
j	SXIGZ _V_NMIOA 	C@TKJXIE^Q/UCUOAQVSS^_JANE, ^RV\
UARSIT,]AVLJ
4E
VXW@@NHNIYFP^KJQQ JDYRLZ\N AC]CX]@S=
 QN\UKARPAC\_N@ZOVRVQAQN^QVO	<
[VE@S
]J\\RBQ_IT2JAYS@Q]ARVjVXTNXQW; 	^UCSOASLQXTYRVQFJ^H]CZ^EKOA SX_^DO	nKOJX]FUA_SX^E AQQ_V
OJZY[[,@TKJ@@QB[KVDF	&_QVABVX]T=KCKIV3 Q[VC@SY\NXLCA[_VNVEISZPH]_NPJW]RB_QW%		F[YWRH@QPTJW\NXDFJ^JAR	[YUVUNjOVTVQIVYTJUR@N 3]]X@@KCCXnACJ^O

< ^SX^E BQQA@\HX	[YPRAX@U]@PNXHD_IT2HAYQI\@@SY^NXJ_QPVXW@@NAYKY_N@7@@@_IXVRFK]@_N[[3PTJW\VQB[K+[PXWN	 &
PLWDOZIE]]J]\NACXBUIR\EQIX_V3 R[VG]@NLC	QXICG_RV\[[[V@\]@	G3QI]QF@OA\\O[OA
=L^NXJ_I CDP;IXRVU,ER]@@TBVRUL^BY@U	NIXBW^ VDO I@ADF	&]QVES_E @QQ_V^NMIOAQVBRB %IEXJOJN]GI[AO[	
j	QXICQEXTB2CZNMA	.EZOVRVQ
]YF@\F[YGUA	NKV[TX]@@]QN[RVO

< ]SXZVDOXIDDF	E[YSO[	SX]KJ
,UQN^HXNVUHSS[[@Q	V7@QQXJUJ]H3_@[YA
	1A^@@C_IGKOJ][FNVOA		@TQ]XX[VQGJ^IZ\N	 &
SLSY\@@T@VRTVO QAYI@Q		LTXANnJ^LARUCARSITQ@SS3XIDHX\@\T(JSAYN
A8HQI[Q	ANVFMQSSUN][XTZJF_I]XWC\@U,ERY]SVQ
][F@]\NQ[VC@SEER^\NXD+ XWF@NAYAH\CTSNLP%
T@VRTAR]\GA<PR[VNP2
AICXJ	]UCRWUKY_NPJW_UNCF_QRV_FUA	.EYOVVKB_IGIOJ\@U^QVANLPOVQJ_QC;	RVZ[[
ACNB\AZLE
,H[F@]@NFIS[<J^QV
@S=
QNXHX HAYRL\F\]@ZNXIKJX@XJ NMJQOA
	1A]@@GBZQ	CNVGUA^SX^E@@@CG
2NMOOA
NIN@R^EDO	nIOJ\[[RSSA3@_SX	,AFJ^JARRAC]FXFWB	XIG[FAZHX	[YPPUN
A8KQI_ BXJ	_UCSOAPLWDO	
QIX_V 3[YUO[NK@_WPO@@R+
CNVGOARI\K3BZLJ
4E
VXW@@NHNI]FT^KJQQKD_]BAR 	AYJT_NP2
BIGEYHX JAYSUNER]@@I@DDF(AYO@Q@TVX]T@VQW; 	_UCSO[]C\I=]ERNE, _RV\[[	BNKSVU]ANI@QRJYH@N[V@U]@S=
 QN\UKARPAC\_N@ZOVRVQAQN[TVO	<
[VE@S
]J\\RBQ_IT2JAYS@Q]ARZjVXZNXQW; 	^UCSOASL_Q]\NXTVRUCUBX\GUA	NKS^KJ
4E
UXWD\Z[[	@NKRB	HQI[QXWFY@U	3SXZE	NXXBC[QXJ(JNI\NLWXY3SJEQQJQ3	QAC\_N@YOVZBCCGOJ]UBLW[ZUN	]Y]ZNXT 7]NMMSUO[ ]]XANQNXHXNMOVOA=QERY@@QQBDXPXAR	
 <	B@TDO]RJG,ZFVRX
	<		ANKRB	KQISCDDF
	UCRZQAYDT]@PNXKCFG/RAYM\E@SY^NXJ_QPVXW@@NAYOY_N@7@@G_IXVRFK]@XN[[3PTJW\VQB[G+YTNOJN 3\]XAN QNPRJ]\NAC]J\@TXKJ	QQ C@DF	&]QVERXE @QQ_V^NMIOAQVGWB %IGXJOJN]GIWAO[	
j	QXICQEXTN2A\_UCA
=L_NXJ_QPUXWHY\GUA	NKSVS_XZNXTVRUJ^\N	 &
SLSX[@@T@VRTVO QAYI@Q		LQ]ANnJ^NARUCARSIXQ@SS3XIDHX\@\X(HSQACQ	V7AQQ_V]NMAWSSUN]YUXUBGFGOJ]\EUA	.EYOVVJE_IGIOJ\@U^QVANLPOVTO_QC;	RVX[[
ACNB\AVLE
,H[F@]@NFISW<H\BNKLP%
TAVRTVO RAYA_C\]@ZNXKKA[@@DF	 UCRSRUN
A8KQI_EXJ	_UCSOAPLWDO	
QI]_V 3[YWO[NK@_W\O@@R+
CNVGOARI\G3@R^]O	nHOJ\@U]QVIP^KJQQ DM\TH^\N AC]C\]@S=
 QN\TLARPAC\_N@ZOVRVQAQN^QVO	<
[VG@S
]J\\RNQ_IT2JAYS@Q]ARZjVXTNXQW; 	^UCSOASL^Y]\NXTVRVJ^F^^EUA	NKS^KJ
4E
UXWD\Z[[	@NKRB	HQI[QXWFY@U	3SXZE	NXXBC[QXJ(JNI\NLWXY3SJKQQJQ3	QAC\_N@YOV[JCCGOJ^\G@PRRUN	]Y]TNXT 7]NMMSUO[ ]]XANQNXHXNMOVOA=QERY@@QQBDXPXAR	
 <	B@TDO]RJG,ZEVRX
	<		ANKRB	KQIZJEXHX	[YQVJ_B[FNLY @@BA]Q3	RACXCZ]@T_@@C_IGHOJ\@UAC[F@SZ2XIGGJ^X\@\XUUA	.E[OVR_QZCL7PXWN	 &
PLWDOZIA\TJAR AYM_CYFNLY @@G_IT2HAYWH]_N@[OVRVQ
]ZF@]\N		AYVUNjOVTVQIVYTJUR@N 3]]X@@KCCSnFVRX
	<		ANKRB	KQI^CDDF
	UCVP[K]_NPJWYNXT 7]NMMRRO[ ]]XANQNXHXNMNOA.
]^ANQII CDPFVO

< _SX^HKJ\\RB,EIV3 Q[VC@SY\NXLCC[QRVZCL[VO[ LQDO	nKOJX]FUA_SX^E AQQ_V
OJU@U	3SXXE	NXXBC[	QXJ(JNI\NLWXU3UXIIT2KAYSUNER[_RJ_Q^F@ZE_XNUA	NKUB	,AEJ^N\A@NJNI\]@T^@@C_ITJ^K_\N<QVGNL\JWNSJCKIQ3	PAC\@SS^_7\NXQW; 	^UCSOASLS]]\NXTVRUJZFY@UNI]]@S=
 QN\UKARPAC\_N@ZOVRVQAQNYHX
&
ACZ_NLEY]\ZX_QW%		D[YSUNB\AZ1ERNE, _RV\[[	BNKVVWDOIAE]VCAR 	AYK@Q	V7BQQBEDF	D[YSO[ \]XANQQ_V 3[YUO[NK@_WPO@@R+
CNVGOARI\K3B@TNE
,HZF@]\NR[VF]ARB	XI@YJGDF	 UCPOA
	1A]@@GBZQ	CNVGUA^SX^E@@@_IV%NVAUA
[VQ]ARVKJ
4E
WXW@@UHSST&ZBNKLP%
TAVRTVO RAYKUC^DNLE@@KJ[@FDF	 UCURO[	
j	SXIFZ _V_NMIOA 	C@TKJXIG^Q/UCUOAQVSS^PJANE, ^RV\
UARSI^,]DZLJ
4E
VXW@@NHNI_BWXKJQQED^TH\\N AC]FT]@S=
 QNZTJ_\NP[VC@SY_NXJ_QIVR]JAR<
NI^]@QERO]RJAQG/PAYI_N@R^8YXU@@QW%		E[YSO[ _][^TZN_Q^F@^FX]NIQOA		@TRQANE, \RV^GIQOAQLWDOYIDDF NVNIOA.
]ZANQII CDZFVO

< _SX^HKJ\\RH,B^QNF	&^QVANLC	SXI@YA@DF
	UCPVPM^FU]@PNXKFEG/RAYK\C^]@T_@@C_IGHOJ\@UACUC@SZ2XIAGJ^X\@\^UUA	.E[OVR_QZCF7UOZRVU,ER]@@TBVRWI_DX@U	NI_DU^SXANIE]SVO

< ]SX\WZANQNXHX KAYSUN@TWDO4XVRVVONM[RSSKN_NP2
@IC	DFK]@^3FLWAYN
A8HQI[Q	ANVDKQ[WUN][YZPNJDGOJ]YCUA	.EYOVPJCAG^RV\[[	ANKRBNXCC_IV%NVEUA
[VQ]AR\KJ
4E
WXW@@UHSSQ&]FYSX	,AFJ^JARRAC_AZAVB	XI@_KG_\VO	AYRLY_NP2
BIADXVVO PAYI@QPUJW\NXIMXHX
&
AC^_NLEY]\PX_QW%		D[YSUNB\AP1RZOVXT 7^NMIOA 	@@TV^YXNXTVRWIT@[_BUA	NKS[KJ
4E
UXWB\\EUA_SX^E AQQ_V
OJU\[[,@TKJ@@QB[AVDF	&_QVABVX]^=KF@IV3 Q[VC@SY\NXIBJ]_VNVDMQUUHZ_NPJW]WI_QW%		F[YQSI^_N@[OVRVQ
]ZF@]\N		AYZI@QE8	NXH_QUQNJUJ]BN@U,ER]NXBC[,E]TXWN	 &
PLWDOZIGYTJY\NAC_@]I[YKJ	QQ FDDF	&]QVCR^KJ@ICXJ	^UCSOANK[^E
,IFDF	RVNFISQAUN
A8IQI[L_VYTJ_/]YF[YA
	1A^@@C_IGKOJ_]DKWOA		@TT]YTWN_QTF@\E]@U,ER_\RH_QPWXW@@NKNI\]@MJWURVQ^7OJ^@UAY[]C\C@B	,AGJ^J\N]GIW<VANISS3YIDDF	F[YWVL\_NPJWTQHGA\QRVYOUA	.EYOVVJE_IGIOJ\@U^QVANLPOVVJ_QC;	RVX[[
ACNB\AVLE
,H[F@]@NFISW<LUQV
@S=
QNXHX HAYWO^F@SBOVZOBA]_VNVB@OA
=L\NXNCEG^RV\[[	ANKRBNXNC_IV%NVCUA
[VQ]ARZKJ
4E
WXW@@UHSSW&YENKLP%
TAVRTVO RAYMXC\]@ZNXMJG\AXJ NMLUOA
	1A]@@GC]Q	CNVGUA^SX^E@@GCG
2NMMOA
NIN@R^EDO	nIOJ\[[RSSM3F[SX	,AFJ^JARRACXG[DNLE@@KBXJDDF	 UCVTO[	
j	SXIG[_V_NMIOA 	C@TKJXIG[Q/UCWOAQVSS^SJANE, ^RV\
UARSIX,YE@TNE
,HZF@]\NR[VG^DRB	XID^CCPHX	[YVWUN
A8KQI_EXJ	_UCSOAPLWDO	
QI__V 3[YWO[NK@_W\O@@R+
CNVGOARI\G3DWLJ
4E
VXW@@NHNIXBP[EQI\FMYQVO	AYVL@Q	V7BQQCBDF	D[YSO[ \]XANQQCXJ3AYWUNSXLWXYNNXT 7_NMIOAH\CX.W\]O	nHOJ\@U]QVES^KJQQBM\TIAR 	AYL^_NP2
BIGD^HX JAYSUNER]@@IGDDF(AYM@Q@TVX]X@VQW; 	_UCSO[]C\E=[ERNE, _RV\[[	BNKV_RDOIDGPVN\\N ACY@@SS3ZI@XRVO PAYI@QPUJW\NXI@XHX
&
ACX_NLEY]\VX_QW%		D[YSUNB\AV1 WJW@R+
BNVGUA]SX]RXANIBPUM_I@N[VF\]@S=
 QN\TLARPAC\_N@ZOVRVQAQN\TVO	<
[VG@S
]J\\RNQ_IT2JAYS@Q]ARZjRYOVXT 7^NMIOA 	@@TWZX@@
CQN_TJXFZ@UNIY@NLP%
TBVRPJ[\NP[VC@SY_NXJ_QIVRPJAR<
NIX]@QERO]RJGQG/PAYI_N@R^8Y\U@@QW%		E[YSO[ _]^UURJ_Q^F@_C^]CN[OA		@TVQANE, \RVYFHOA 	B@TKJAICXJRV[GUA3LQDOXIQZCCJHX
	<		@NKREY]\U%BBSIJ(KNI\]@T]@@EKZCXJNMKQZQN[@@SCOVSKK_IT2HAYVH]_N@[OVRVQ
]ZF@]\N		AYTI@QE8	NXL_QUQNJUJ]GN@U,ER]NXBC[,EYWXWN	 &
PLWDOZIB\UJ]\NAC^BXHPZKJ	QQ BGDF	&]QVDS_E @QQ_V^NMIOAQVFRB %IEXJOJN]GITAO[	
j	QXICQEXTM2A]^UCA
=L_NXJ_QPUXWF__GIOASX\UXXXQVQGJ^K\B@N 3_]]\]NXDGJ^JARQAC\_N]_]@@A,F@[\N[YARI\DN]@S=
QNXVOA\\@&RRR[VNP2
AICXJ	]UCUQVI\_NPJW^RCBKX	_VNVFHROA
	1A]@@FBZQ	CNVGUA^SX^E@@DCG
2NMOOA
NIN@R^EDO	nIOJ\[[RSSN3B]A@TNE
,HZF@]\NR[VE]FR^EQIYEGYWIAR 	AYH]C@SS3ZIAYUVO PAYI@QPUJW\NXICXHX
&
ACZ_NLEY]\UX_QW%		D[YSUNB\AU1V_OVXT 7^NMIOA 	@@TP[]\NXTVRVH[D\ZOUA	NKS_KJ
4E
UXWE]][[	@NKRB	HQI[QXWG\@U	3SXXE	NXXBC[QXJ(JNI\NLWXZ3SKEQQJQ3	QAC\_N@YOVTLFC[QRV^EJVPUJ@Q YER\]TVQW; 	]UCVRRUNER]@@TAVRTVOUCTSO[1\JWZNXIQEXTMO\N	 &
QLWANSJCD4 BAJ^O

< ^SX^E BQQFCXTVO AYQK\EZDZB	XIBZ_V3 R[VF]@NLC	QXICG_RV\[[[VD\]@	G3QI]QF@OA\\@[OA
=L^NXJ_I CD_;K\DNV[3PUJW\NXDEJ^LYI\\[[QVCSY^]^@@]QNYUNAR	
 <	@@T VYANQNXHX KAYSUN@TWDO4XVRRVONM[RSSNN_NP2
@IC	DFK]@Y3DJAY[	
j	PXICG\RV^FAUVO[LSXYYWH_QTF@^C@N 3_]Y]\ZVQ
][F@]\NQ[VC@SEER^\NXD+ XWE@NAYAH\CYSNLP%
T@VRTAR]\GL<PQ[VNP2
AICXJ	]UCQRQN\_NPJW_ZC@CXQRV_EUA	.EYOVSJCKG^RV\[[	ANKRBNXIC_IV%NVBUA
[VQ]AR[KJ
4E
WXW@@UHSSV&_BNKLP%
TAVRTVO RAYK\E[DNLE@@@D_F@DF	 UCPRO[	
j	SXIB[KXJ	_UCSOAPLWDO	
QIX_V 3[YVO[NK@_W]O@@R+
CNVGOARI\F3BRLJ
4E
VXW@@NHNI^ARVKJQQFLPTOAR 	AYJ\_NP2
BIBDX\VO PAYI@QPUJW\NXIGXHX
&
ACY_NLEY]\WX_QW%		D[YSUNB\AW1PJW@R+
BNVGUA]SX\U\X@@
CQN\ROXDU@UNI_FNLP%
TBVRUJ]H@NJNI\]@T^@@C_ITJ^I]\N<QVDNL\JWNSJCFIQ3	PAC\@SS^R7^Z@@QW%		E[YSO[ _]Z^ZWJ_Q^F@YE\_GIOA SX]KJ
4E
UXWA\\OUA_SX^E AQQ_V
OJ_\[[,@T KJ@@QB[FVDF	&_QVABVX]Y=IFQQJQ3	QAC\_N@YOVPICF^QRVXDLSVRUN	][X@@R+
ANVFIS[O[ ]]XANQNXHXNMJSOA=QERX@@QQBDXQXAR	
 <	B@TDO]RJF,XQNF	&^QVANLC	SXIAYEDDF
	UCWRZA\A@SCOVQN_QW%		F[YRSIT_N@[OVRVQ
]ZF@]\N		AYPI@QE8	NXO_QUQNJUJ]EN@U,ER]NXBC[,GQF@R	
 <	C@TKJBIAA\WOAR AYMUE\EZB	XI@RQ3	RAC]C\INLC	QXICG_RV\[[[V@\]@	G3QI^QF@OA\\B[OA
=L^NXJ_I CD];IURVU,ER]@@TBVRVNUD\@U	NIXIRY_DO I@LDF	&]QV@R^KJ@ICXJ	^UCSOANKQ^E
,IADF	RVNFISVAUN
A8IQI[L_VYTJ[/]YE[YA
	1A^@@ACZQ	ANVFH[WWI@QGER^_[JD@^QRV]BKOA
=L\NXKCBG^RV]FAWWSUNER\]ZNGCGF@T@@N&NKTBOV@KCC]_V3 P[V@\@BVX]Z=KF@IV3 Q[VA\@NLC	SXIBZE@XHX	[YPWKZE]GNLY @@BFXQ3	RAC]C]]@T_@@BBRGDDF	E[YRR@ZG\]@MJWURVQ^7OJZ@UAY[]C\G@B	,AGJ^I]A@UHSSP&]KZSX	,AFJ^JARRACX@^HPB	XIG]ELXUVO	AYRAZ_NP2
BIADXWVO PAYI@QPUJW\NXIEXQVO	<
[V@@S
]J\\RIQ_IT2JAYS@Q]AR]jVPZNXQW; 	^UCSOASLS[[ZRVQFJ^NZCT\AMOA SX_PDO	nKOJ^\GJOA 	B@TKJAICXJRV]GLOA.
][ANQII CD[FVO

< _SX^HKJ\\RL,B^QNF	&^QVCR_E BQQ AGZPJAR AYJY@XCWWEQIZEXJ(HNI]ASB	IQIZ@F\TVO QAYH^@^ERBNXCC_IV%NVAUA
[VQ]ARXKJ
4E
WXWC\]
UARSIZ,]DULJ
4E
VXWB\][[	BNKS\S\]@@
CQN[QM]AX\[[ QV@WYE
,HYF@\@]@U_QV@PZSXANQNYVNYD\@UACUC@SZ2XIEGJ^X\@\ZUUA	.E[OVQJBGBDXR%\EXNMA	.EZOVPJB_IGKOJ]^GAWSO[LT\[^VCD_I]XWAYX[[3PVJW]RK_QPWXWA^\OMSOAPLVZ]TVJ_QIVR]JAR<
NIZ]@QERO]RJEQG/PAYJ\B]@_W^2]WOQI/QAYK\B@SY\NXKAA[CXJNMJWZ[J[K@SCOVSOF_IT2HAYRI]_N@[OVSHAC__V^NMHQQSM\_N]Q]@@A,F@[\N[YARI\EN]@S=
QN[TK\N]GIU<RLTQV
@S=
QNZTKARRAC]AYGV^EQIXCBXVKAR 	AYHYK@SS3ZIEXUVO PAYH^FZERB	HQIZFB\TVOUCZSO[1\JWZNXIQEXTLO\N	 &
QLTX\NXBC[,E]]XWN	 &
PLUX\@@TBVRUH[HX\[[QVBTZ^X_@@]QNYQCAR	
 <	@@TWYANQNYVLUD\@U^QV@PXSXANQQCXJ3AYUUNSXLWX[NNXT 7_NMJSRUNB\AQ1_POVXT 7^NMIOA 	@@TSX_TNXTVRPMZI_^@UA	NKSVKJ
4E
UXWB\\DUA_SX^E AQQ_V
OJ]\BUA3LTDOXIQZCGJHX
	<		@NKREY]\Q%BKRIJ(KNI\]@T]@@GGXEXJNMM[QSLUC@SCOVSBJ_IT2HAYQI\@@SY^NXJ_QPVXW@@NAYH\F@SZ2XI@GJ^X\@\_UUA	.E[OVR_QZCL7\COJN 3\]XAN QN\RO_E@N[VBY@ZXWDO IKMDF	&]QVES_E @QQ_V^NMIOAQVDWB %IEXJOJN]GI[AO[	
j	QXICQEXTH2DUNMA	.EZOVRVQ
]YF@ZC_^[[QVGTZ_^ANI@QHX
	<		BNKP^UDOXIDDF	E[YSO[	SX] KJ
,UQNZHXNVUHSSQ[@Q	V7@QQXJUJ]B3XO[YA
	1A^@@C_IGKOJ[]OIOASXXP^Y^NXTVRPBAR	
 <	@@TWX_@@T@VRTVO QAYI@Q		LT]ANnJ^HARUCARSI^Q@SS3XIDHX\@\^(MTAYN
A8HQI[Q	ANV@IQ[O[LQ[]Y[C_QTF@YG@N 3_]Z]\PVQ
][F@]\NQ[VC@SEER^YNXD+ XWB@NAYAH\C^SNLP%
T@VRTAR]\GK<WU[VNP2
AICXJ	]UCU[TO@QGER[]QOFEGOJXZ[[3PVJW^RJA_IGIOJ\@U^QVANLPOVQO_QC;	RV^[[
ACNB\APLE
,H[F@]@NFISQ<MYQV
@S=
QNXHX HAYUN^G@SBOVWCEFZ_VNVCLOA
=L\NXHCCYQ	CNVGUA^SX^E@@@FG
2NMKOA
NIN@R^EDO	nIOJ\[[RSSK3GXSX	,AFJ^JARRACZF[CNLE@@FDRDDDF	 UCWWO[	
j	SXIA[AXJ	_UCSOAPLWDO	
QIX_V 3[YQO[NK@_WZO@@R+
CNVGOARI\A3EQLJ
4E
VXW@@NHNIZEP^EQI^A@ZRVO	AYWJ@Q	V7BQQCDZHX JAYSUNER]@@I@ADF(AYK@Q@TVX]^@VQW; 	_UCSO[]C\C=ZERNE, _RV\[[	BNKT\_DOIF@]WB^\N ACXA@SS3ZIFXTHARPAC\_N@ZOVRVQAQN[QVO	<
[VA@S
]J\\RHQ_IT2JAYS@Q]AR\jSYOVXT 7^NMIOA 	@@TVY[@@
CQN]VB^D\@UNIX@NLP%
TBVRVJ]B@NJNI\]@T^@@C_ITJ^IX\N<QVCNL\JWNSJCAIQ3	PAC\@SS^U7Y\@@QW%		E[YSO[ _]]TZVVQFJ^O\A^U@UA	NKV^E
,HYF@_@\^[[	@NKRB	HQI[QXWCY@U	3SX\E	NXXBC[QXJ(JNI\NLWXX3SHEQQJQ3	QAC\_N@YOVSJGJY_VNVELPPRN[_NPJW]PL_QW%		F[YRSIT_N@[OVRVQ
]ZF@]\N		AYTL@QE8	NXO_QUQNJUJ]EN@U,ER]NXBC[,EZSXWN	 &
PLWDOZIEXRK\@@N[VAYGQXQDO IBF_HX
	<		BNKS^_DOXIDDF	E[YSO[	SXY KJ
,UQN]HXNVUHSSV[@Q	V7@QQXJUJ]E3]EAAY[	
j	PXICG\RV]GNPSSUN]ZXUVKDFGOJ]^OUA	.EYOVSJCKG^RV\[[	ANKRBNXMF_IV%NVBUA
[VQ]AR[KJ
4E
WXW@@UHSSV&]AUSX	,AFJ^JARRAC]CTE[^EQIYA@^SNAR 	AYH^J@SS3ZIEXTBARPAC\_N@ZOVRVQAQN_QVO	<
[VF@S
]J\\ROQ_IT2JAYS@Q]AR_jVZUNXQW; 	^UCSOASLU\XXRVQFJ^HXIX]@LOA SX__DO	nKOJ^\GHOA 	B@TKJAICXJRV[BUA3LVDOXIQZCEJHX
	<		@NKREY]\Z%KGIV3 Q[VC@SY\NXN@B^_VNVFJZTVMX_NPJWTVVQW; 	]UCWRRUNER]@@TAVRTVOUCVVO[1\JWZNXIQEXTBO\N	 &
QLWANSJCK4 @BJ^O

< ^SX^E BQQ	@BXTVO AYQAXKUBSB	XIBX_V3 R[VG]@NLC	QXICG_RV\[[[VK\]@	G3QI]QF@OA\\O[OA
=L^NXJ_I CDP;K^GNV[3PUJW\NXDEJ^BYE\\[[QVCZVUZY@@]QNYWMAR	
 <	@@TVYANQNXHX KAYSUN@TWDO4XVRRVONM[RSSAN_NP2
@IC	DFK]@T3FJWAYN
A8HQI[Q	ANVOH[SSUN]ZZTVIGFGOJ]_CUA	.EYOVVKB_IGIOJ\@U^QVANLPOVZJ_QC;	RVZ[[
ACNB\AZLE
,H[F@]@NFIS[<H_FNKLP%
TAVRTVO RAYA^D\ANLE@@AKZEGPHX	[YRPL@Q	V7BQQBEDF	D[YSO[ \]XANQQ	CXJ3AYUUNSXLWXUNNXT 7_NMIOAH\CT.S]ERNE, _RV\[[	BNKZ^WXANIF_UCZEU@UNI]BPB	,AEJ^N\A@NJNI\]@T^@@C_ITJ^B]\N<QVGNL\JWNSJCKIQ3	PAC\@SS^_7\_QXIIT2KAYSUNERU\[JC_IAXWB[YEIVQO[ LV[^@@R+
ANVCHROAQLWDOYIDDF NVOIOA.
]^ANQII CDPFVO

< _SX^HKJ\\RB,BXQNF	&^QVANLC	SXIDSCDDF
	UCQUVL]D_]@PNXK@CG/RAYM]B@SY^NXJ_QPVXW@@NAYA\_N@7@@E_IXVRFK]@TN[[3PTJW\VQB[K+YWKOJN 3\]XAN QN_]K]@@N[VAZIUZQDO IBGYHX
	<		BNKV_KJ@ICXJ	^UCSOANKZ^E
,IBDF	RVNFIS[AUN
A8IQI[L_VYTJU/]_O[YA
	1A^@@C_IGKOJTYCISOA		@T^Y^YSM_QTF@\CT@U,ERY]SVQ
][F@]\NQ[VC@SEERU\NXD+ XWF@NAYAH\CTSNLP%
T@VRTAR]\GA<RP@NISS3YIDDF	F[Y[UJ\C@SBOVPCGFS CXJ NMHPZO[	
j	SXIGZ _V_NMIOA 	C@TKJXIK[Q/UCUOAQVSS^_JANE, ^RV\
UARSIX,]CQLJ
4E
VXW@@NHNI]AWVKJQQG@YRB]\N AC]A_]@S=
 QN\TLARPAC\_N@ZOVRVQAQN_QVO	<
[VG@S
]J\\RNQ_IT2JAYS@Q]ARXjT[OVXT 7^NMKSRO[ _]YUYUJ_Q^F@Y@XYBKOA SX]KJ
4E
UXWA\][[	@NKSV PXANQNY\OZ@@NAYJ\_N@7@@E_IXVRFK]@ZN[[3PTJW_RK_I CD\;K^HNV[3PUJW\NXDEJ^K_B[\[[QVC[_RYZ@@]QNYWBAR	
 <	@@TW^ANQNXHX KAYSUN@TWDO4XVRPVONM[RSSMN_NP2
@IC	DFK]@X3FJZAYN
A8HQI[Q	ANVFKP[VUN]ZTXWBBCGOJ]_NUA	.EYOVVJE_IGIOJ\@U^QVANLPOVZJ_QC;	RVX[[
ACNB\AVLE
,H[F@]@NFISW<H_ANKLP%
TAVRTVO RAYH]FTANLE@@ADZDAQHX	[YRPK@Q	V7BQQCBDF	D[YSO[ \]XANQQ	CXJ3AYWUNSXLWXYNNXT 7_NMIOAH\CX.S]ERNE, _RV\[[	BNKS_^]ANIF_QH]E^@UNI]BQB	,AEJ^N]F@NJNI\]@T^@@C_ITJ^B]\N<QVENL\JWNSJCGIQ3	PAC\@SS^S7\_RXIIT2KAYSUNER\]QOC_IAXWBZYBHTPO[ LV[]@@R+
ANVCIUOAQLWDOYIDDF NVOIOA.
]\ANQII CD\FVO

< _SX^HKJ\\RN,BX QNF	&^QVANLC	SXIBZEADF
	UCQU[NXEZ]@PNXK@BG/RAYM\E@SY^NXJ_QPVXW@@NAYA\_N@7@@G_IXVRFK]@XN[[3PTJW\VQB[G+YWLOJN 3\]XAN QNYVJY@@N[VATEZWVDO IBG^HX
	<		BNKV^KJ@ICXJ	^UCSOANKZ^E
,I@DF	RVNFISWAUN
A8IQI[L_VYTJY/]_@[YA
	1A^@@C_IGKOJ]^FLVOA		@T_P\^PN_QTF@\C[@U,ERY\TVQ
][F@]\NQ[VC@SEERU\NXD+ XWD@NAYAH\CXSNLP%
T@VRTAR]\GM<RPMNISS3YIDDF	F[YRRA]C@SBOVPMKGXFXJ NMHPWO[	
j	SXIG[_V_NMIOA 	C@TKJXIK[Q/UCWOAQVSS^SJANE, ^RV\
UARSIX,]BWLJ
4E
VXW@@NHNI]@[\ KJQQKE^RIU\N AC]@Y]@S=
 QN\TLARPAC\_N@ZOVRVQAQNPTVO	<
[VG@S
]J\\RNQ_IT2JAYS@Q]AR\jV\\NXQW; 	^UCSOASLUP_ZZVQFJ^I]A^]NIOA SX_VDO	nKOJ^\GKOA 	B@TKJAICXJRVTBUA3LUDOXIQZCFJHX
	<		@NKREY]\P%BG[IJ(KNI\]@T]@@ADRGXJNMKZT[H\@@SCOVSNC_IT2HAYQI\A@SY^NXJ_QPVXW@@NAYAY_N@7@@A_IXVRFK]@^N[[3PTJW\VQB[A+YPIOJN 3\]XAN QNZ\BZF@N[V@\IR]SDO IB@[HX
	<		BNKP^UDOXIDDF	E[YSO[	SXV KJ
,UQNZHXNVUHSSQ[@Q	V7@QQXJUJ]B3]CKAY[	
j	PXICG\RV^OLTQO[LTXYZPMD_I]XWAX^[[3PVJW^RJA_IGIOJ\@U^QVANLPOVZO_QC;	RV^[[
ACNB\APLE
,H[F@]@NFISQ<HXFNKLP%
TAVRTVO RAYKUGTENLE@@@B_	FGPHX	[YRWL@Q	V7BQQCDZHX JAYSUNER]@@IKADF(AYK@Q@TVX]^@VQW; 	_UCSO[]C\C=_SJW@R+
BNVGUA]SX\VP]@@
CQN[UKYDY][[ QV@VZE
,HYF@_@\^[[	@NKRB	HQI[QXWHY@U	3SX\E	NXXBC[QXJ(JNI\NLWX_3SNDQQJQ3	QAC\_N@YOVQJCJYQRV_EHUTRK@Q YER\XUVQW; 	]UCQSSK@QPTJW\NXDFJ^JAR	[Y[VUNjOVPVQIVYTJ_R@N 3]]X@@KCCYnB@^F@R	
 <	C@TKJBIAM_\BAR AYJ]K^GP[EQIZEXJ(HNI^AR\E @QQ_V^NMIOAQVIWB %IAXJOJN]GIQAO[	
j	QXICQEXTH2AXUUCA
=L_NXJ_QPUXWC\[GIOASX]_\UTTVQGJ^KYI@N 3_]Z]\PVQ
][F@]\NQ[VC@SEERUYNXD+ XWB@NAYAH\C^SNLP%
T@VRTAR]\GK<RWANISS3YIDDF	F[YPSJUE@SBOVQHFC\JXJ NMHW[O[	
j	SXIA[AXJ	_UCSOAPLWDO	
QIS_V 3[YQO[NK@_WZO@@R+
CNVGOARI\G3C[LJ
4E
VXW@@NHNI^DV^EQIXFG]TVO	AYQ@@Q	V7BQQCBDF	D[YSO[ \]XANQQFXJ3AYWUNSXLWXYNNXT 7_NMIOAH\CX.PV]O	nHOJ\@U]QVCVVKJQQ@EP]OAR 	AYKT_NP2
BIGD^HX JAYSUNER]@@IAADF(AYM@Q@TVX]X@VQW; 	_UCSO[]C\E=\ERNE, _RV\[[	BNKP_WDOIAB\RKT\N AC^@@SS3ZI@XRVO PAYI@QPUJW\NXIF]HX
&
ACX_NLEY]\VX_QW%		D[YSUNB\AV1UJW@R+
BNVGUA]SX\UXANIF]UK[D@N[VA^]@S=
 QN\TLARPAC\_N@ZOVRVQAQNZQVO	<
[VG@S
]J\\RNQ_IT2JAYS@Q]ARZjUYOVXT 7^NMIOA 	@@TW^]@@
CQNZWMZ@T@UNI^@NLP%
TBVRPJ[\NP[VC@SY_NXJ_QIVRVOAR<
NIX]@QERO]RJGQG/PAYI_N@R^8Z]NXQW; 	^UCSOASLUX]\NXTVRVHYBY_[[ QVCRB	,AEJ^N]F@NJNI\]@T^@@C_ITJ^HX\N<QVENL\JWNSJCGIQ3	PAC\@SS^S7_[@@QW%		E[YSO[ _]ZY^RVQFJ^I\HX_NUA	NKPYE
,HYF@Y@Z@U_QVANLC	PXICGF@_E@N&NKVBOV@KCC__V3 P[VC]@_W\2^TXIIT2KAYSUNER__TJ_Q^F@^@XUOMOA SX\KJ
4E
UXWD\Z[[	@NKRB	HQI[QXWBY@U	3SXZE	NXXBC[QXJ(JNI\NLWXY3POQI/QAYI@QPVJW^QJC_IAXWBU]BKZOA		@TRDO	nKOJX\AUA_SX^E AQQ_V
OJ^Y[[,@TKJ@@QB[GVDF	&_QVABVX]X=HGQQJQ3	QAC\_N@YOVPHGCGOJ^[OITWO[ LU\ANE, \RVXGOOA 	B@TKJAICXJRV^BUA3LSDOXIQZC@JHX
	<		@NKREY]\Z%BEIV3 Q[VC@SY\NXCBF[QRV]@NUSZUN	]Y[@@R+
ANVCHROAQLWDOYIDDF NVEIOA.
]^ANQII CDPFVO

< _SX^HKJ\\RM,BY	QNF	&^QVANLC	SXID]CDDF
	UCQVZM]DY]@PNXKAKG/RAYL]B@SY^NXJ_QPVXW@@NAYNY_N@7@@E_IXVRFK]@[N[[3PTJW\VQB[K+YSXWN	 &
PLWDOZIM\SOAR AYHTJ^FRB	XIB\Q3	RACXB]]@T_@@C_IGHOJ\@UAC^C@SZ2XIEGJ^X\@\TUUA	.E[OVR_QZCC7UH[RVU,ER]@@TBVRSNU@\@U	NI^DQ]P_ANIEZRVO

< ]SX[VDOXIDDF	E[YSO[	SXY KJ
,UQN^HXNVUHSST[@Q	V7@QQXJUJ]G3]ENAY[	
j	PXICG\RV[BOVSO[LU][_TME_I]XWA^[[[3PVJWYSK_QPWXW@@NKNI\]@MJW[WVQ^7OJZ@UAY[]C\F@B	,AGJ^J\N]GIT<RKXQV
@S=
QNXHX HAYTJ]C\]@ZNXHGDY DMDF	 UCRQWUN
A8KQI^ BXJ	_UCSOAPLWDO	
QI\_V 3[YUO[NK@_W_O@@R+
CNVGOARI\D3@P[]O	nHOJ\@U]QVFQW WDOIAAXVLZH@N[VB^DNLP%
TBVRQK\\NP[VC@SY_NXJ_QIVRSOAR<
NIZ]@QERO]RJDQG/PAYI_N@R^8Y_^@@QW%		E[YSO[ _]_\XRJ_Q^F@_D]]FAROA		@TUZANE, \RVYFHOA 	B@TKJAICXJRV[BUA3LQDOXIQZCCJHX
	<		@NKREY]\U%BAXIJ(KNI\]@T]@@DAYCXJNMKWWROTC@SCOVSH@_IT2HAYVH]_N@[OVRVQ
]ZF@]\N		AYTL@QE8	NXL_QUQNJUJ]GN@U,ER]NXBC[,EZTXWN	 &
PLWDOZIBQSJ]\NAC^@YASVKJ	QQ ADDF	&]QVDS_E @QQ_V^NMIOAQVFWB %IEXJOJN]GITAO[	
j	QXICQEXTM2A^]UCA
=L_NXJ_QPUXWG\YBIOASX\_X[TPVQGJ^K_A@N 3_]]\]NXDGJ^JARQAC\_N]_X@@A,F@[\N[YARI\DN]@S=
QNXVOA\\B&QSACQ	V7AQQ_V]NMHW[PI@QGER_^VHF@GOJ^\[[3PVJW]RJK_IGIOJ\@U^QVANLPOVPO_QC;	RVY[[
ACNB\AWLE
,H[F@]@NFISV<K]QV
@S=
QNXHX HAYRL_FY]@ZNXH@D\KXJ NMKROA
	1A]@@BC[	_V_NMIOA 	C@TKJXIA^Q/UCVOAQVSS^RJANE, ^RV\
UARSIY,^C@TNE
,HZF@]\NR[VBYIZ^EQIYBE^PVO	AYQK@Q	V7BQQ CDPHX JAYSUNER]@@IAADF(AYL@Q@TVX]Y@VQW; 	_UCSO[]C\D=\ERNE, _RV\[[	BNKSXW]ANIF^PL\I@N[VA_]@S=
 QNYTJU\NP[VC@SY_NXJ_QIVRVOAR<
NIY]@QERO]RJFQG/PAYI_N@R^ 8ZYNXQW; 	^UCSOASLV^T_RVQFJ^HZH\[CUA	NKPZE
,HYF@\@\T[[	@NKRB	HQI[QXWBY@U	3SX[E	NXXBC[QXJ(JNI\NLWXX3POQI/QAYI@QPVJW]UNFFGOJ^UFLQZO[ LU]ANE, \RV]GI[OAQLWDOYIDDF NVELOA.
]]ANQII CD]FVO

< _SX^HKJ\\RO,A]IJ(KNI\]@T]@@BDR	CXJNMJSWZAX_NPJW^TVQW; 	]UCRSSA@QPTJW\NXDFJ^JAR	[YQVUNjOVWVQIVYTJXR@N 3]]X@@KCC^nACJ^O

< ^SX^E BQQ KAXQVO AYPHTG_HNLY @@ADG/RAYH\CT]@T_@@C_IGHOJ\@UAC^F@SZ2XIFGJ^X\@\YUUA	.E[OVR_QZCA7VBOJN 3\]XAN QNY]J^@@N[V@_@ZW KJ	QQKXJ(HNI]ARVE @QQ_V^NMIOAQVCWB %IFXJOJN]GIVAO[	
j	QXICQEXTO2BUNMA	.EZOVRVQ
]YF@\IYYBUA	NKQZ T]]@@]QNZ]VO

< ]SX_WPANQNXHX KAYSUN@TRDO4XVRQVONM[RSSLN_NP2
@IC	DFK]@X3FKSAYN
A8HQI[Q	ANVFIQVSUN]Z^YRKK@GOJ]^GUA	.EYOVVJE_IGIOJ\@U^QVANLPOVUO_QC;	RVX[[
ACNB\AVLE
,H[F@]@NFISU<HXFNKLP%
TAVRVJ\\NR[VB]AQZKJQQB@PQIU\N AC]GY]@S=
 QNYTKARPAC]B\BV^E AQQ BD[PJAR	[Y[VUNjOVTVQIVYTJ[R@N 3]][]]VQB[E+YPNOJN 3\]Z]]NXDEJ^K]I^\GUA	NKQ_S\X]NXTVRUNY\N	 &
SLVX\@@T@VRUJTB\\[[	ANKS^UX]@@IKADF(AYO@Q@TVX]Z@VQW; 	_UCPSR@Q]ARXjV\ZNXQW; 	^UCQSRUNER\]PLACGOJ_^FOTRQUN	]YY[NXT 7]NMHSRO[ ]]Y\^THC_IGHOJ]]EOQSO[	SXV KJ
,UQN^HXNVUHSSU[@Q	V7@QQCEHX\@\Z(HWUACQ	V7AQQCEDF	F[YRRHXK\]@ZNXIBKYAADF	 UCRWUUN
A8KQIZBXJ	_UCRRRMTC@SY_NXKBB_	CXJRVTBUA3LQDOXIQZCBJHX
	<		@NKQ^DO]RJE,ZBVRX
	<		ANKP^KJBIBD]SB]\NAC_C]CSWKJ	QQ GEDF	&]QV@R_E @QQ CA_\JARQAC]CYFZ^E@@KFG
2NMOOA
NIN@R^EDO	nIOJ_\FOARI\E3@V^]O	nHOJ^\FUA]SX_S^Y\NXTVRVCZH]\DUA	NKSZKJ
4E
UXWA\][[	@NKS^Q\]@@TAVRUJYFX\[[[VKY]@	G3QI]QF@OA\\A[OA
=L^NXICBQEXTL2AX_UCA
=L_NXHCBG\RV]GASUSUN][]TRIEGGOJ]XDUA	.EYOVSJB_IGIOJ]\OIUSO[ \]Y]TRLC_ITJ^BX\N<QVGNL\JWNSJCEIQ3	PAC_C]NLWX[3SNAQQJQ3	QAC^C]]@T]@@BC]ADDF
	UCPSWO^D[]@PNXKGAG/RAYH\B@SY^NXKCERCXJ	^UCRSU@^C@SEERUYNXD+ XWF@NAYAH\CZSNLP%
T@VRWJ\@NFISW<H^ANKLP%
TAVRTVO RAYH\G[ANLE@@AGZ BLYHX	[YRQK@Q	V7BQQCBDF	D[YSO[ \]XANQQFXJ3AYWUNSXLWXYNNXT 7_NMIOAH\CZ.SZERNE, _RV^GHOA 	@@TV\T\RVQFJ^I_HXTOOOA SX_^DO	nKOJ]\FUA_SX_SQ]\NXDFJ^K\DU\GUA	NITDNLR=QQ_V XWR]\GOAOA
	1A_@@@CZL_VYTJ[/]XO[YA
	1A^@@ACZQ	ANVFHPTUI@QGER^^WJDJRQRV]CAOA
=L\NXKCBG^RV]FJTUSUNER\]QMECGF@UE@N&NKTBOV@KCC]_V3 P[V@\@BVX]_=KJJIV3 Q[VC@SY\NXNKAY_VNVBKWZPOZ_NPJW][C_QW%		F[YQSI__N@[OVRVQ
]ZF@]\N		AYRH\_N@7@@@_IXVRFK]@_N[[3PTJW\VQB[@+Y]BOJN 3\]XAN QN\SB^F@N[VF^AT]^DO IBMPHX
	<		BNKP^TDOXIDDF	E[YSO[	SX_WDO4XVRWVONM[RSSJN_NP2
@IC	DFK]@^3BAAY[	
j	PXICG\RVTOK[OA		@TTZY^UVQGJ^OU\N	 &
SLUX]^NXDGJ^JARQAC\_N]\]@@A,F@_\N[YARI\AN]@S=
QNXVOA\\E&VZACQ	V7AQQ_V]NMAZZUUN]PX]PLG_I]XWEU@U,ER_\RH_QPWXW@@NKNI\]@MJWXRVQ^7OJ^@UAY[]C\C@B	,AGJ^J\N]GIQ<VMNISS3YIDDF	F[Y[RLZ_NPJW[WMCDSQRVYCUA	.EYOVPJCAG^RV\[[	ANKRBNXNC_IV%NVEUA
[VQ]AR\KJ
4E
WXW@@UHSSQ&YFNKLP%
TAVRTVO RAYA_AX]@ZNXMDFR FXJ NMLVOA
	1A]@@AC[_V_NMIOA 	C@TKJXIG[Q/UCQOAQVSS^UJANE, ^RV\
UARSI^,YG@TNE
,HZF@]\NR[VKXHPB	XIDRDAZHX	[YVUUN
A8KQIYCFDF	D[YSO[ \]XANQQCXJ3AYQUNSXLWX_NNXT 7_NMIOAH\C^.WY]O	nHOJ\@U]QVITXKJQQ	BG]]JAR 	AYL[_NP2
BIADXVVO PAYI@QPUJW\NXI@XHX
&
AC^_NLEY]\PX_QW%		D[YSUNB\AP1 WJW@R+
BNVGUA]SXY_\ANIBPUM_I@N[VF\]@S=
 QNZTJ_\NP[VC@SY_NXJ_QIVRPJAR<
NI^]@QERO]RJAQG/PAYI_N@R^8]\NXQW; 	^UCSOASLP^X^NXTVRSJ]EZZ[[ QVDSB	,AEJ^H]@^@U_QVANLC	PXICGF@Y@@N&NKPBOV@KCCY_V3 P[VC]@_WZ2YPXIIT2KAYSUNERZTPJ_Q^F@ZAUXGJOA SX[KJ
4E
UXWB\\EUA_SX^E AQQ_V
OJX\[[,@TKJ@@QB[AVDF	&_QVABVX]^=O@QQJQ3	QAC\_N@YOVUCKKGOJ[_OKWRO[ LR[ANE, \RV^GIQOAQLWDOYIDDF NVCIOA.
]ZANQII CDZFVO

< _SX^HKJ\\RM,@ZIJ(KNI\]@T]@@BG]FXJNMJTWSLX_NPJW_SVQW; 	]UCVRRUNER]@@TAVRTVOUCPSO[1\JWZNXIQEXTMO\N	 &
QLWANSJCD4CVRX
	<		ANKRB	KQIZADXHX	[YPVATCY]@PNXIC_IT2HAYVH]_N@[OVRVQ
]ZF@]\N		AYPI@QE8	NXL_QUQNJUJ]GN@U,ER]NXBC[,G[F@R	
 <	C@TKJBIBA\SOAR AYM\GYDPB	XI@XQ3	RACYB]]@T_@@C_IGHOJ\@UAC_C@SZ2XIEGJ^X\@\[UUA	.E[OVR_QZCC7WHOJN 3\]XAN QNYQJX@@N[V@THQ^KJ	QQAXJ(HNIY@SB	IQI[Q	BNVGUA	NI_ANLR=QQ_V XWR]\GNAOA
	1A_@@CGBDXS%^ENV[3PUJW\NXDEJ^K[C^Y[[QVEQ[RYANIG]HX
	<		BNKW_KJ@ICXJ	^UCSOANKQ^E
,IBDF	RVNFISTAUN
A8IQI[L_VYTJZ/_XUCA
=L_NXJ_QPUXWAYUGIOASXZ^P]^NXTVRWNAR	
 <	@@T VYANQNXHX KAYSUN@TWDO4XVRRVONM[RSSNN_NP2
@IC	DFK]@[3DNAY[	
j	PXICG\RV]@HTVO[LS^XYVC_QTF@^G@N 3_]]\]NXDGJ^JARQAC\_N][]@@A,F@[\N[YARI\DN]@S=
QNXVOA\\@&PUACQ	V7AQQ_V]NMHUTVI@QGERYYRICCGOJ_Z[[3PVJWYSK_QPWXW@@NKNI\]@MJW_RVQ^7OJZ@UAY[]C\F@B	,AGJ^J\N]GIT<P@NISS3YIDDF	F[YR[I^F@SBOVVCEC_	_VNVD@OA
=L\NXOBBG^RV\[[	ANKRBNXIC_IV%NVAUA
[VQ]ARYKJ
4E
WXW@@UHSST&_KNKLP%
TAVRTVO RAYH[E\ANLE@@GK[JLDF	 UCP[O[	
j	SXIFZ _V_NMIOA 	C@TKJXI@[Q/UCUOAQVSS^PJANE, ^RV\
UARSI],[H@TNE
,HZF@]\NR[VB^IRZEQIZDLZPKAR 	AYNU_NP2
BIADXUVO PAYI@QPUJW\NXIAXHX
&
AC]_NLEY]\SX_QW%		D[YSUNB\AS1_JW@R+
BNVGUA]SX_QXY@@
CQNYVOXH]Z[[ QVFZB	,AEJ^H]@]@U_QVANLC	PXICGF@X@@N&NKSBOV@KCCZ_V3 P[VC]@_WY2[QXIIT2KAYSUNER\]TJG_IAXWA]XDOZSO[ LP[ANE, \RV^GIROAQLWDOYIDDF NVBIOA.
]YANQII CDYFVO

< _SX^HKJ\\RK,DYIJ(KNI\]@T]@@BB_GXJNMHRQRKZG@SCOVUH_QW%		F[YQSI]_N@[OVRVQ
]ZF@]\N		AYVI@QE8	NXK_QUQNJUJ]AN@U,ER]NXBC[ ,CYF@R	
 <	C@TKJBIBEZTNAR AYH\JTIQWEQI\ _V3 R[VA\ASB	IQI[Q	BNVGUA	NIYANLR=QQ _V XWR]\GHAOA
	1A_@@CGBDXU%Z@NV[3PUJW\NXDEJ^K\@\X[[QV@RYSYY@@]QN_TVO

< ]SX\WYANQNXHX KAYSUN@T WDO4XVRUVONM[RSSHN_NP2
@IC	DFK]@]3@NAY[	
j	PXICG\RV]EMSWO[LVZ^_QCB_I]XWG[@U,ER_\RK_QPWXW@@NKNI\]@MJWYRVQ^7OJ]@UAY[]C\@@B	,AGJ^J\N]GIR<TONISS3YIDDF	F[YRQK\G@SBOVSHBCRFXJ NMNUOA
	1A]@@AC[ _V_NMIOA 	C@TKJXIF[Q/UCROAQVSS^VJANE, ^RV\
UARSI],[D@TNE
,HZF@]\NR[VB^ARZEQIZ KL]PJAR 	AYNY_NP2
BIADXUVO PAYI@QPUJW\NXIAXHX
&
AC]_NLEY]\SX_QW%		D[YSUNB\AS1SJW@R+
BNVGUA]SX__XY@@
CQNYUL[A]Y[[ QVFVB	,AEJ^H]@]@U_QVANLC	PXICGF@X@@N&NKSBOV@KCCZ_V3 P[VC]@_WP2]PCQI/QAYI@QPVJW[UIFCGOJ^ZEMUTWUN	]Y_UNXT 7]NMMRRO[ ]]XANQNXHXNMNVOA=QER[@@QQBDX\XAR	
 <	B@TDO]RJK,ZKVRX
	<		ANKRB	KQI\FDXHX	[YQV@XB[DNLY @@BASQ3	RACXB]]@T_@@C_IGHOJ\@UAC[F@SZ2XIEGJ^X\@\TUUA	.E[OVR_QZCL7UH\RVU,ER]@@TBVRSJXE\@U	NI^BZ^_ZANIEZUVO

< ]SXZVDOXIDDF	E[YSO[	SXY KJ
,UQN^HXNVUHSS[[@Q	V7@QQXJUJ]H3]EIAY[	
j	PXICG\RVZNNSSO[LU[X\SB@_I]XWA^\[[3PVJWXSK_QPWXW@@NKNI\]@MJW[WVQ^7OJZ@UAY[]C\I@B	,AGJ^J\N]GI[<RK_QV
@S=
QNXHX HAYTK^F\]@ZNXHGGZKDDF	 UCRQPUN
A8KQI_ BXJ	_UCSOAPLWDO	
QI\_V 3[YUO[NK@_WPO@@R+
CNVGOARI\K3@P\]O	nHOJ\@U]QVFSZWDOIA@YUKUA@N[VB^CNLP%
TBVRPK\\NP[VC@SY_NXJ_QIVRSOAR<
NIZ]@QERO]RJKQG/PAYI_N@R^8Y_Y@@QW%		E[YSO[ _]_^UWJ_Q^F@_E\^AN[OA		@TU]ANE, \RVXFHOA 	B@TKJAICXJRV[BUA3LQDOXIQZCLJHX
	<		@NKREY]\Z%BA_IJ(KNI\]@T]@@D@ZCXJNMKWTQH[J@SCOVSHG_IT2HAYWH]_N@[OVRVQ
]ZF@]\N		AYTL@QE8	NXL_QUQNJUJ]HN@U,ER]NXBC[	,EZSXWN	 &
PLWDOZIC]RO]\NAC^FZBTYKJ	QQ ACDF	&]QVES_E @QQ_V^NMIOAQVFWB %IEXJOJN]GI[AO[	
j	QXICQEXTB2A^ZUCA
=L_NXJ_QPUXWGXTGIOASX\ T[\[UVQGJ^K_F@N 3_]\\]NXDGJ^JARQAC\_N]_X@@A,F@[\N[YARI\KN]@S=
QNXVOA\\B&RQS[VNP2
AICXJ	]UCZTTA\_NPJW^QOCBS_VNVFKSOA
	1A]@@BC[	_V_NMIOA 	C@TKJXID^Q/UCVOAQVSS^RJANE, ^RV\
UARSIY,]CSLJ
4E
VXW@@NHNIUI[YKJQQ@LXRB_\N AC]A]]@S=
 QNYTJU\NP[VC@SY_NXJ_QIVRSOAR<
NIY]@QERO]RJFQG/PAYI_N@R^ 8Y_^@@QW%		E[YSO[ _]Y]\SLC_IAXWBX]FH[RO[ LVZ_@@R+
ANVFIS[O[ ]]XANQNXHXNMNVOA=QERX@@QQBDXQXAR	
 <	B@TDO]RJF,Z@VRX
	<		ANKRB	KQIZBG]TVO AYQMXBZIRB	XIBY_V3 R[VB\AZB	IQI[Q	BNVGUA	NI[DNLR=QQ_V XWR]\GLAOA
	1A_@@CGBDXQ%\BXNMA	.EZOVRVQ
]YF@\@^YCIOASX\PZ\[[VQGJ^K_D@N 3_]Y]\ZVQ
][F@]\NQ[VC@SEERZYNXD+ XWE@NAYAH\CYSNLP%
T@VRTAR]\GL<RQLNISS3YIDDF	F[YRSJ[@\]@ZNXHFCYDLDF	 UCRQVUN
A8KQIZCLDF	D[YSO[ \]XANQQFXJ3AYVUNSXLWXXNNXT 7_NMIOAH\CZ.ZLJ
4E
VXWB\][[	BNKUWWDOIKBYUNAR 	AYA@Q	V7BQQ CEDF	D[YTZK\_N@ZOVUCACGF@\F@N&NKTBOV@KCC]_V3 P[V@\@BVX]Z=CQI/QAYK\B@SY\NXBAK[QRVUAAT[O[ L^DO	nKOJ]\FUA_SXV_XANQNPVB]\N		AYQI@QE8	NXL_QUQNJUJ]FN@U,ER^\S_QZCB7RXWN	 &
PLUX\@@TBVRSH]@@N[VEXDZ[EQI]Q3	RAC]C]]@T_@@DA[_V^NMNQSSUN@TKJ
,UQN^HXNVUHSSU[@Q	V7@QQCEHX\@\Z(NAY[	
j	PXIA[ _V]NMNVUSUN]_X_VC_QTF@Z\N	 &
SLVX\@@T@VRSO[@@NKNI[DT^E@@BAG
2NMOOA
NIN@R^EDO	nIOJ_\FOARI\E3E@TNE
,HZF@_@]@U]QVGVVKJQQ@D]SVO	AYWUN
A8KQIZBXJ	_UCUW[I@QPUJWZVBC_ITJ^OAR<
NIZ]@QERO]RJEQG/PAYJ\B]@_W^2Y@@QW%		E[YQSH@QPVJWZZNC_IAXWE_TEHOA SX[E
,HYF@\@]@U_QVGZZKJAIEL\TVOUCTOA=QER[@@QQBDXRXAR	
 <	B@TWY@@KCC]nAVRX
	<		ANKP^KJBIFC^TVO AYQHYAU]@PNXH_QW%		F[YRSH@QPTJWYULC_IGHOJY[AIOAQVCNLR=QQ_V XWR]\GOAOA
	1A_@@@CZL_VYTJ[/_NMA	.EZOVPJB_IGKOJZ]EIOASX]UQ^@@]QN[HX
	<		BNKS^KJ@IEEZTVO QAYO]A\]@MJW_NXD+ XWF@NAYAH\CZSNLP%
T@VRWJ\@NFISU<HNISS3YIFXUVO RAYLXC\]@ZNXKCD]_VNVFUA	.EYOVSJB_IGIOJYXGIOA 	C@T SX]@@IBXJ3AYUUNSXLWX[NNXT 7_NMJSRUNB\AV1ERNE, _RV\[[	BNKS^WDOIBD_ROAR 	AYH@Q	V7BQQCBDF	D[YSO[ \]XANQQ _V 3[YWO[NK@_W\O@@R+
CNVGOARI\G3C@TNE
,HZF@]\NR[VB\DRB	XIAZAMDF	 UCQOA
	1A]@@GC]Q	CNVGUA^SX^E@@A_IV%NVCUA
[VQ]ARZKJ
4E
WXW@@UHSSW&_QV
@S=
QNXHX HAYRH\C@SBOVQHAJXQRV_[[3PVJWXRL_QPWXW@@NKNI\]@MJW_NXD+ XWD@NAYAH\CXSNLP%
T@VRTAR]\GM<WACQ	V7AQQ_V]NMHRVSUN]\^\WM_QTF@Y\N	 &
SLSX[@@T@VRTVO QAYI@Q		LRDO4XVRPVONM[RSSMN_NP2
@IC	DFK]@X3B[YA
	1A^@@C_IGKOJ]^GIOASX[_Z\@@]QN]HX
	<		BNKV^KJ@ICXJ	^UCSOANKUB %IGXJOJN]GIWAO[	
j	QXICQEXTN2FNV[3PUJW\NXDEJ^K_E\@U	NIZEWV KJ	QQ_V3 R[VG\GNLC	QXICG_RV\[[[VJ@SZ2XIGGJ^X\@\XUUA	.E[OVR_QZC@7SXWN	 &
PLWDOZIE[TJAR AYNY@XHNLY @@D_IT2HAYWIZ_N@[OVRVQ
]ZF@]\N		AYRK@QE8	NXN_QUQNJUJ]DN@U,ER]NXBC[,LJ^O

< ^SX^E BQQ @AXHX	[Y[UH]G@SCOVZVQW; 	]UCWSUUNER]@@TAVRTVOUCRUO[1\JWXNXIQEXTNO\N	 &
QLWANSJCG4QNF	&^QVANLC	SXIB_CXJNM@U[TA@Q YERT@@R+
ANVCIUOAQLWDOYIDDF NVEIOA.
]\ANQII CD\FVO

< _SX^HKJ\\RI,@^IJ(KNI\]@T]@@FAS_VNVCJVSVH@Q YER^YNXT 7]NMKSSPUNER]@@TAVRTVOUCPSO[1\JW_NXIQEXTIO\N	 &
QLWANSJC@4GVRX
	<		ANKRB	KQI^ GLDF
	UCWRZA\A@SCOVQN_QW%		F[YQSI__N@[OVRVQ
]ZF@]\N		AYPI@QE8	NXI_QUQNJUJ]CN@U,ER]NXBC[,G_F@R	
 <	C@TKJBIFA]RVO AYWOYFXHNLY @@@DG/RAYK\C_]@T_@@C_IGHOJ\@UAC_C@SZ2XI@GJ^X\@\_UUA	.E[OVR_QZCG7WLOJN 3\]XAN QN]PH]\NACXF\BR^EQIX_V3 R[VA\AQB	IQI[Q	BNVGUA	NI_ANLR=QQ_V XWR]\GJAOA
	1A_@@CGBDXW%^ANV[3PUJW\NXDEJ^NZD\@U	NI_FV^ SDO I@EDF	&]QVCR^KJ@ICXJ	^UCSOANKQ^E
,IGDF	RVNFISPAUN
A8IQI[L_VYTJ^/_\UCA
=L_NXJ_QPUXWDZ\CUA	NKQ[_XX@@]QN[TVO

< ]SX\W[ANQNXHX KAYSUN@TWDO4XVRWVONM[RSSJN_NP2
@IC	DFK]@_3DJAY[	
j	PXICG\RVYGHQOA		@TW\XYPVQGJ^I^\N	 &
SLUX]_NXDGJ^JARQAC\_N][]@@A,F@^\N[YARI\@N]@S=
QNXVOA\\D&PQACQ	V7AQQ_V]NMM[TUUN][UUQJ@_I]XWC^@U,ER_\RI_QPWXW@@NKNI\]@MJW_RVQ^7OJ_@UAY[]C\B@B	,AGJ^J\N]GIP<P@NISS3YIDDF	F[YV[KT_NPJWX[LCGSQRV_NUA	.EYOVPJC@G^RV\[[	ANKRBNXIC_IV%NVDUA
[VQ]AR]KJ
4E
WXW@@UHSSP&_KNKLP%
TAVRTVO RAYLZJ^]@ZNXNKC\KXJ NMJ[OA
	1A]@@AC[_V_NMIOA 	C@TKJXI@[Q/UCPOAQVSS^TJANE, ^RV\
UARSIX,]C[LJ
4E
VXW@@NHNI]@PZKJQQEF\RMY\N AC]AU]@S=
 QN\TLARPAC\_N@ZOVRVQAQN_QVO	<
[VG@S
]J\\RNQ_IT2JAYS@Q]ARZjVZUNXQW; 	^UCSOASLVY\_RVQFJ^HXIX]@LOA SX__DO	nKOJX\AUA_SX^E AQQ_V
OJ[Y[[,@TKJ@@QB[GVDF	&_QVABVX]T=KKQQJQ3	QAC\_N@YOV[BCCGOJ^\G@PRO[ LVPANE, \RVXFHOA 	B@TKJAICXJRV^GUA3LQDOXIQZCLJHX
	<		@NKREY]\Z%BJIV3 Q[VC@SY\NXKCBY_VNVEHQVZK@Q YER\UNXT 7]NMMRRO[ ]]XANQNXHXNMKSOA=QER[@@QQBDX\XAR	
 <	B@TDO]RJG,ZFVRX
	<		ANKRB	KQIZKDXHX	[YQVI^E[INLY @@BA^Q3	RACXCZ]@T_@@C_IGHOJ\@UAC[F@SZ2XIGGJ^X\@\XUUA	.E[OVR_QZC@7UHYRVU,ER]@@TBVRUJ[I\@U	NI^EU\PQANIEZPVO

< ]SXZQDOXIDDF	E[YSO[	SXY KJ
,UQN\HXNVUHSSW[@Q	V7@QQXJUJ]H3]C[YA
	1A^@@C_IGKOJTYGIOASX_ SZUZNXTVRUNAR	
 <	@@TVYANQNXHX KAYSUN@TWDO4XVRRVONM[RSSAN_NP2
@IC	DFK]@T3FLAY[	
j	PXICG\RVTOKVOA		@TQ]TXZVQGJ^KX\N	 &
SLSY\@@T@VRTVO QAYI@Q		LUXANnJ^LARUCARSITQ@SS3XIDHX\@\T(HQAYN
A8HQI[Q	ANV@AVSO[LV[]UTN_QTF@\B@N 3_]\\]NXDGJ^JARQAC\_N]Z]@@A,F@[\N[YARI\KN]@S=
QNXVOA\\O&RPACQ	V7AQQ_V]NMARTVUN]YY^THF_I]XWA_@U,ERY]SVQ
][F@]\NQ[VC@SEER_\NXD+ XWF@NAYAH\CTSNLP%
T@VRTAR]\GA<RS[VNP2
AICXJ	]UCTQSI@QGER\\ULGAGOJ]\[[3PVJWXSK_QPWXW@@NKNI\]@MJW^RVQ^7OJZ@UAY[]C\I@B	,AGJ^J\N]GI[<RHNISS3YIDDF	F[YTVKY_NPJW]SC@CXQRV]FUA	.EYOVVKB_IGIOJ\@U^QVANLPOVPJ_QC;	RVZ[[
ACNB\AZLE
,H[F@]@NFISQ<ANISS3YIDDF	F[YQRN^_NPJWTTKBGGOJT@U,ER_\RH_QPWXW@@NKNI\]@MJW]TVQ^7OJ^@UAY[]C\C@B	,AGJ^J\N]GIQ<Z[VNP2
AICXJ	]UCQQUA@QGERTZZMK_I]XWI@N 3_]Z]\PVQ
][F@]\NQ[VC@SEER_\NXD+ XWB@NAYAH\C^SNLP%
T@VRTAR]\GK<QACQ	V7AQQ_V]NMHVZUUN]Z\YPC_QTF@_\N	 &
SLUX]^NXDGJ^JARQAC\_N]ZANnJ^HARUCARSI^Q@SS3XIDHX\@\^(JAY[	
j	PXICG\RV]A@QOA		@TUZT_NXTVRWVO

< ]SX\WZANQNXHX KAYSUN@TKJ
,UQNZHXNVUHSSQ[@Q	V7@QQXJUJ]B3]UCA
=L_NXJ_QPUXWAY\GUA	NKS^Q]ANIEDF	&]QVCR^KJ@ICXJ	^UCSOANKSB %IAXJOJN]GIQAO[	
j	QXICQEXTH2FNV[3PUJW\NXDEJ^KTH\@U	NIZEWV KJ	QQ_V3 R[VA\APB	IQI[Q	BNVGUA	NIU]@	G3QIYQF@OA\\E[OA
=L^NXJ_I CDZ;MOJN 3\]XAN QNZTM[\NAC[F_E[B	XIDG/RAYK\C^]@T_@@C_IGHOJ\@UAC]A@SZ2XIAGJ^X\@\^UUA	.E[OVR_QZCF7PXWN	 &
PLWDOZIE_\BAR AYM_CYFNLY @@G_IT2HAYQI\A@SY^NXJ_QPVXW@@NAYL@QE8	NXH_QUQNJUJ]BN@U,ER]NXBC[,AJ^O

< ^SX^E BQQ KL\HX	[YVPA^B@SCOVWVQW; 	]UCQSSK@QPTJW\NXDFJ^JAR	[YTO[1\JW^NXIQEXTHO\N	 &
QLWANSJC@4CDJ^O

< ^SX^E BQQKBXPVO AYVKUAXCQB	XIA[_V3 R[VA\AQB	IQI[Q	BNVGUA	NI\]@	G3QIXQF@OA\\D[OA
=L^NXJ_I CDZ;K^DNV[3PUJW\NXDEJ^H[B_Z[[QVCUVT\X@@]QNYWNAR	
 <	@@TWX_@@T@VRTVO QAYI@Q		L_XANnJ^HARUCARSI^Q@SS3XIDHX\@\^(HPVACQ	V7AQQ_V]NMKUVQM@QGER_TSLE@SQRV]DLOA
=L\NXHCCYQ	CNVGUA^SX^E@@KCG
2NMKOA
NIN@R^EDO	nIOJ\[[RSSK3B_G@TNE
,HZF@]\NR[VAZIS\EQIY	GLQWKAR 	AYH_E@SS3ZIFXTHARPAC\_N@ZOVRVQAQNPTVO	<
[VA@S
]J\\RHQ_IT2JAYS@Q]AR\jV[ZNXQW; 	^UCSOASLU_\\RVQFJ^HUH]^EMOA SX_PDO	nKOJ^\GKOA 	B@TKJAICXJRVTGUA3LUDOXIQZCFJHX
	<		@NKREY]\P%B@[IJ(KNI\]@T]@@AF[	GXJNMKUVVH[@@SCOVSIC_IT2HAYQI\A@SY^NXJ_QPVXW@@NAYA\_N@7@@A_IXVRFK]@^N[[3PTJW\VQB[A+YWKOJN 3\]XAN QNZQIZB@N[VAZIUZQDO IBGYHX
	<		BNKP^UDOXIDDF	E[YSO[	SXVKJ
,UQNZHXNVUHSSQ[@Q	V7@QQXJUJ]B3]DKAY[	
j	PXICG\RV^BOUSO[LU_\UUOJ_I]XWA_^[[3PVJW^RJA_IGIOJ\@U^QVANLPOVZJ_QC;	RV^[[
ACNB\APLE
,H[F@]@NFISQ<H_@NKLP%
TAVRTVO RAYKYJXINLE@@AD^CAZHX	[YRPJ@Q	V7BQQCDZHX JAYSUNER]@@IKDDF(AYK@Q@TVX]^@VQW; 	_UCSO[]C\C=__JW@R+
BNVGUA]SX\TPU@@
CQNZ]K^E][[[ QV@QVE
,HYF@_@\^[[	@NKRB	HQI[QXWH\@U	3SX\E	NXXBC[QXJ(JNI\NLWX_3SIJQQJQ3	QAC\_N@YOVPMED]QRV^NMV[RI@Q YER\_[VQW; 	]UCQSSK@QPTJW\NXDFJ^JAR	[Y[SUNjOVPVQIVYTJ_R@N 3]]X@@KCC_n@LJ^O

< ^SX^E BQQBFXHX	[YW[I[JT]@PNXIK_IT2HAYWIZ_N@[OVRVQ
]ZF@]\N		AYPI@QE8	NXN_QUQNJUJ]DN@U,ER]NXBC[,GQF@R	
 <	C@TKJBI@EPQVO AYW@ZCXINLY @@@JG/RAYM\E@SY^NXJ_QPVXW@@NAYJ\_N@7@@G_IXVRFK]@XN[[3PTJW\VQB[G+[TXWN	 &
PLWDOZIF^TJAR AYJYKTAWB	XI@[Q3	RACXCZ]@T_@@C_IGHOJ\@UAC_C@SZ2XIGGJ^X\@\XUUA	.E[OVR_QZC@7WKOJN 3\]XAN QNZRLX\NAC_DXAWZEQIX _V3 R[VG\GNLC	QXICG_RV\[[[V@\]@	G3QI_QF@OA\\C[OA
=L^NXJ_I CD\;I_RVU,ER]@@TBVRVM^@@N[V@THQ^KJ	QQAXJ(HNIXATB	IQI[Q	BNVGUA	NI_ANLR=QQ_V XWR]\GMAOA
	1A_@@CGBDXP%^CNV[3PUJW\NXDEJ^HZIY@U	NIXAV[ UDO I@GDF	&]QVERXE @QQ_V^NMIOAQVBRB %IGXJOJN]GIWAO[	
j	QXICQEXTN2CXNMA	.EZOVRVQ
]YF@_HZ\[[QVESWWZANIG\HX
	<		BNKV^KJ@ICXJ	^UCSOANKQ^E
,I@DF	RVNFISWAUN
A8IQI[L_VYTJY/_YUCA
=L_NXJ_QPUXWBU^BUA	NKV] W]\@@]QN[QVO

< ]SXZQDOXIDDF	E[YSO[	SX]KJ
,UQN\HXNVUHSSW[@Q	V7@QQXJUJ]D3_A[YA
	1A^@@C_IGKOJ^UNIOASXZ W[]\NXTVRWLAR	
 <	@@TW^ANQNXHX KAYSUN@TWDO4XVRPVONM[RSSMN_NP2
@IC	DFK]@X3DNAY[	
j	PXICG\RV_GLVOA		@TQ]XX[VQGJ^IZ\N	 &
SLSX[@@T@VRTVO QAYI@Q		LTXANnJ^NARUCARSIXQ@SS3XIDHX\@\[(HPRACQ	V7AQQ_V]NMNZRSI@QGER_ZZMGE]QRV]DHOA
=L\NXOBBG^RV\[[	ANKRBNXBC_IV%NVAUA
[VQ]ARYKJ
4E
WXW@@UHSST&]@\SX	,AFJ^JARRAC[K^ARB	XIA]FE_WVO	AYRJ\_NP2
BIFEYHX JAYSUNER]@@IKDDF(AYO@Q@TVX][@VQW; 	_UCSO[]C\F=_TJW@R+
BNVGUA]SXV^X]@@
CQNZSO_@Y^[[ QV@Q]E
,HYF@XA]@U_QVANLC	PXICGF@U@@N&NKTBOV@KCC\_V3 P[VC]@_W_2]QHQI/QAYI@QPVJWTRJCCGOJ^[F@TVZUN	]Y^^NXT 7]NMLRRO[ ]]XANQNXHXNMASOA=QER[@@QQBDXSXAR	
 <	B@TDO]RJD,ZFVRX
	<		ANKRB	KQISDDXHX	[YQ[HZE_INLY @@B@^Q3	RACYB]]@T_@@C_IGHOJ\@UACTC@SZ2XIEGJ^X\@\[UUA	.E[OVR_QZCC7UIYRVU,ER]@@TBVR\KU@\@U	NI^FZZS]ANIE[PVO

< ]SX[VDOXIDDF	E[YSO[	SXVKJ
,UQN^HXNVUHSST[@Q	V7@QQXJUJ]G3]DNAY[	
j	PXICG\RVTCLSSO[LUPU]PHG_I]XWA_[[[3PVJWYSK_QPWXW@@NKNI\]@MJWTRVQ^7OJZ@UAY[]C\F@B	,AGJ^J\N]GIT<RJZQV
@S=
QNXHX HAY[JZC\]@ZNXHKGS@EDF	 UCRPUUN
A8KQI^ BXJ	_UCSOAPLWDO	
QIS_V 3[YUO[NK@_W_O@@R+
CNVGOARI\D3@QW]O	nHOJ\@U]QVIT]WDOIAM\QB\@@N[VB_HNLP%
TBVRQK\\NP[VC@SY_NXJ_QIVR\JAR<
NIZ]@QERO]RJDQG/PAYI_N@R^8Y^T@@QW%		E[YSO[ _]PXXRJ_Q^F@_I]_BHTOA		@TTPANE, \RVYFHOA 	B@TKJAICXJRVTGUA3LQDOXIQZCCJHX
	<		@NKREY]\W%BJIV3 Q[VC@SY\NXKG@\_VNVEHQVZK@Q YER\UNXT 7]NMHSS[UNER]@@TAVRTVOUCQSO[1\JWYNXIQEXTOO\N	 &
QLWANSJCF4 KVRX
	<		ANKRB	KQIZJFXHX	[YQSIU@]]@PNXKK_IT2HAYRI\K@SY^NXJ_QPVXW@@NAYK\_N@7@@F_IXVRFK]@YN[[3PTJW\VQB[F+YQXWN	 &
PLWDOZIEZQOX\NAC]EYHVVEQIZ_V3 R[VB\AZB	IQI[Q	BNVGUA	NI^ANLR=QQ_V XWR]\GLAOA
	1A_@@CGBDXQ%\DNV[3PUJW\NXDEJ^K_A\\[[QV@WZ_^ANIE\HX
	<		BNKS^_DOXIDDF	E[YSO[	SX\KJ
,UQN]HXNVUHSSV[@Q	V7@QQXJUJ]E3]@[YA
	1A^@@C_IGKOJ]_COVOA		@T_Q_[RVQGJ^KZ\N	 &
SLVX]TNXDGJ^JARQAC\_N]Z]@@A,F@X\N[YARI\FN]@S=
QNXVOA\\B&RUACQ	V7AQQ_V]NMHPSRI@QGER\[ULCJGOJ]Z[[3PVJW]RJK_IGIOJ\@U^QVANLPOVPJ_QC;	RVY[[
ACNB\AWLE
,H[F@]@NFISV<H]QV
@S=
QNXHX HAYRI[@Y]@ZNXKBJX@XJ NMHROA
	1A]@@BC[	_V_NMIOA 	C@TKJXIA[Q/UCVOAQVSS^RJANE, ^RV\
UARSIY,]A@TNE
,HZF@]\NR[VB\CZ^EQIZDB\VVO	AYRI@Q	V7BQQ CDPHX JAYSUNER]@@IADDF(AYL@Q@TVX]Y@VQW; 	_UCSO[]C\D=_ERNE, _RV\[[	BNKS_S]ANIE\VL_E@N[VB_]@S=
 QNYTJU\NP[VC@SY_NXJ_QIVRVJAR<
NIY]@QERO]RJFQG/PAYI_N@R^ 8Y_NXQW; 	^UCSOASLVY\URVQFJ^K^@UZCUA	NKS\E
,HYF@\@\T[[	@NKRB	HQI[QXWB\@U	3SX[E	NXXBC[QXJ(JNI\NLWX_3TCQI/QAYI@QPVJW]RBACGOJ]\BLT[PUN	]^T@@R+
ANVEISQO[ ]]XANQNXHXNMMVOA=QER_@@QQBDXVXAR	
 <	B@TDO]RJA,]	QNF	&^QVANLC	SXIB[@BDF
	UCRSPL]F]]@PNXLK_IT2HAYQI\A@SY^NXJ_QPVXW@@NAYMY_N@7@@A_IXVRFK]@^N[[3PTJW\VQB[A+^UXWN	 &
PLWDOZIM[PBAR AYAUC[BPB	XIEZQ3	RAC^C\CNLC	QXICG_RV\[[[VGY]@	G3QIYQF@OA\\E[OA
=L^NXJ_I CDZ;L]RVU,ER]@@TBVR]K[D@N[VK[AS^KJ	QQCXJ(HNI^AR\E @QQ_V^NMIOAQVEWB %IAXJOJN]GIQAO[	
j	QXICQEXTH2F_NMA	.EZOVRVQ
]YF@TG]Z[[QVHQ_^]ANIB[HX
	<		BNKP^UDOXIDDF	E[YSO[	SXZ KJ
,UQNZHXNVUHSSQ[@Q	V7@QQXJUJ]B3ZE[YA
	1A^@@C_IGKOJUYDKOASXWV[[XNXTVRRHAR	
 <	@@TWX_@@T@VRTVO QAYI@Q		LS]ANnJ^HARUCARSI^Q@SS3XIDHX\@\^(OVAYN
A8HQI[Q	ANVFIS[WUN]QZ_POK_I]XWFY@U,ER_\RH_QPWXW@@NKNI\]@MJWXWVQ^7OJ^@UAY[]C\C@B	,AGJ^J\N]GIQ<UMNISS3YIDDF	F[YZZI\_NPJWUWHEA]QRVZCUA	.EYOVPJCAG^RV\[[	ANKRBNXNF_IV%NVEUA
[VQ]AR\KJ
4E
WXW@@UHSSQ&ZDNKLP%
TAVRTVO RAYH\GYCNLE@@BCZFFXHX	[YUTUN
A8KQIYCFDF	D[YSO[ \]XANQQFXJ3AYQUNSXLWX_NNXT 7_NMIOAH\C^.TX]O	nHOJ\@U]QV@R\_DOIJM[\BT\N ACZE@SS3ZIFXTHARPAC\_N@ZOVRVQAQN\QVO	<
[VA@S
]J\\RHQ_IT2JAYS@Q]ARXjVQUNXQW; 	^UCQSRUNER\[[KECGOJY^GOPSZUN	]YTTNXT 7]NMHSRO[ ]]YZUSLC_IGHOJ][NHUSO[	SX_WDO4XVRRVONM[RSSON_NP2
@I@DYVOA\\A&RZZ[VNP2
AIADYHX HAYRA\E\ANLE@@FA_@B^HX	[YRZ@@Q	V7BQQ CEDF	D[YR[IZC\]@T^@@BK[CDDF NVFHSOA=QER[@@QQBDXRXAR	
 <	B@TWY@@KCC]nBM^F@R	
 <	C@TWYAN QNYSL_H\@U	NIY@P^^]ANIEQRVO

< ]SX_VDOXIE_RHU@@NKNI]FT\WDO	
QIZ CXJ3AYUUNSXLWX[NNXT 7_NMJSRUNB\AT1^_OVXT 7^NMKSRO[ _]YZ[UHC_IAXWE]ZDKVQO[ LVQZ@@R+
ANVFIROAQLV_Z[PJ_QPVXWA[[@KSOANKS_KJ
,UQN^HXNVUHSSU[@Q	V7@QQCEHX\@\Z(HZWACQ	V7AQQCEDF	F[YRTJXC\]@ZNXOC@_KEDF	 UCRZWUN
A8KQIZBXJ	_UCRTPM\C@SY_NXKD@_CXJRV]FIOA.
]^ANQII CD^FVO

< _SX]VANSJCE4 JAJ^O

< ^SX\VDOZIE_PBY@@N[VF\FU__DO IBM]HX
	<		BNKS^KJ@IBC\\N]\NQ[VB[EZZKJXIBZ_V 3[YUO[NK@_W^O@@R+
CNVDIRO[]C\G=_UJW@R+
BNVEIROASLV_]YPJ_Q^F@YIX[NOTOA		@T^ZANE, \RV]GHOA 	B@TPXX^RVQ
]ZF@\G\YEIOAQV@S^E
,IBDF	RVNFISUAUN
A8IQIXB	DFK]@Z3F@PAYN
A8HQIYBXJ	]UCRTR@ZC@SBOVVCJB[GXJ NMHZPO[	
j	SXIB[ _V_NMHTRZO\_N@ZOVSMBJ]_V
OJ]]GUA3LQDOXIQZCBJHX
	<		@NKQ^DO]RJE,ZCVRX
	<		ANKP^KJBIBB_RN]\NACXKZ@Z[KJ	QQ JDDF	&]QV@R_E @QQ EC^PJARQAC]E[GV^E@@BB[Q/UCUOAQVSS^QJANE, ^RV_GHOAH\CZ.SWERNE, _RV^GHOA 	@@TQQ]TRVQFJ^NT@XUFIOA SX_VDO	nKOJ]\FUA_SX_^XU\NXDFJ^K[I\TGUA	NI]@RB %IEXJOJN]GIUAO[	
j	QXI@[ XJUJ]G3^O[YA
	1A^@@C_IGKOJ]_CLSOA		@TTYUUWVQGJ^HU\N	 &
SLRY\@@T@VRTVO QAYI@Q		LU]ANnJ^LARUCARSI[Q@SS3XIDHX\@\[(KZAYN
A8HQI[Q	ANVFJ[QVUN][YYQOC_I]XWBU@U,ERX]SVQ
][F@]\NQ[VC@SEER_YNXD+ XWF@NAYAH\C[SNLP%
T@VRTAR]\GN<QU[VNP2
AICXJ	]UCRQTI\_NPJW_RNJK_QRV^AUA	.EYOVWKB_IGIOJ\@U^QVANLPOVPO_QC;	RVZ[[
ACNB\AULE
,H[F@]@NFIST<K[QV
@S=
QNXHX HAYRJ\DY]@ZNXIBK_JXJ NMKTOA
	1A]@@FBZQ	CNVGUA^SX^E@@AFG
2NMOOA
NIN@R^EDO	nIOJ\[[RSSN3AXSX	,AFJ^JARRAC]BUDRB	XIA\	CC\HX	[YQWUN
A8KQI^ BXJ	_UCSOAPLWDO	
QIY_V 3[YUO[NK@_W_O@@R+
CNVGOARI\D3CWLJ
4E
VXW@@NHNI]CQ\ KJQQJE]VCAR 	AYKY_NP2
BIFEYHX JAYSUNER]@@IAADF(AYO@Q@TVX][@VQW; 	_UCSO[]C\F=\ERNE, _RV\[[	BNKS_WXANIF]UK[D@N[VA^]@S=
 QN]UKARPAC\_N@ZOVRVQAQNZQVO	<
[VE@S
]J\\RMQ_IT2JAYS@Q]ARYjU[OVXT 7^NMIOA 	@@TV]ZYNXTVRVLYF]U[[ QVCQB	,AEJ^O\A@NJNI\]@T^@@C_ITJ^HX\N<QVGNL\JWNSJCDIQ3	PAC\@SS^P7_\@@QW%		E[YSO[ _]Y]XWJ_Q^F@_BX^BJOA SX\KJ
4E
UXWE]][[	@NKRB	HQI[QXWBY@U	3SXXE	NXXBC[QXJ(JNI\NLWXZ3PKQI/QAYI@QPVJW]RBAFGOJ^_@NS[O[ LUYANE, \RVYFHOA 	B@TKJAICXJRV^BUA3LQDOXIQZCCJHX
	<		@NKREY]\S%EKIV3 Q[VC@SY\NXKCEX_VNVFIPVRL]_NPJWZZVQW; 	]UCQSSH@QPTJW\NXDFJ^JAR	[YWVUNjOVSVQIVYTJ\R@N 3]]X@@KCCZnEMJ^O

< ^SX^E BQQ CLZTVO AYRIYF[IQB	XIERQ3	RAC^C\@NLC	QXICG_RV\[[[VGY]@	G3QIZQF@OA\\F[OA
=L^NXJ_I CDY;L]RVU,ER]@@TBVR]K[D@N[VK[AS^KJ	QQCXJ(HNI^AR_E @QQ_V^NMIOAQVEWB %IBXJOJN]GIRAO[	
j	QXICQEXTK2F]NMA	.EZOVRVQ
]YF@TCXT[[QVI[^TZANIBYHX
	<		BNKP^VDOXIDDF	E[YSO[	SXZ KJ
,UQNYHXNVUHSSR[@Q	V7@QQXJUJ]A3ZE[YA
	1A^@@C_IGKOJUYDKOASXWV[[XNXTVRRHAR	
 <	@@TWX\@@T@VRTVO QAYI@Q		LS]ANnJ^KARUCARSI]Q@SS3XIDHX\@\](OPAYN
A8HQI[Q	ANVNNRUO[L^[\U[O_QTF@[C@N 3_]Z]\SVQ
][F@]\NQ[VC@SEERYYNXD+ XWA@NAYAH\C]SNLP%
T@VRTAR]\GH<UW[VNP2
AICXJ	]UCZZSI@QGERTYPLAEGOJZX[[3PVJW^RJB_IGIOJ\@U^QVANLPOVVO_QC;	RV][[
ACNB\ASLE
,H[F@]@NFISR<OYQV
@S=
QNXHX HAYRI\KX]@ZNXCD@YKXJ NMOVOA
	1A]@@AC[ _V_NMIOA 	C@TKJXIG^Q/UCROAQVSS^VJANE, ^RV\
UARSI],ZG@TNE
,HZF@]\NR[VB\CTVEQIR@LP]VO	AYUO@Q	V7BQQCDYHX JAYSUNER]@@IGADF(AYH@Q@TVX]]@VQW; 	_UCSO[]C\@=XERNE, _RV\[[	BNKS^RZANIEXUNXB\@UNIZFNLP%
TBVRVJ]A@NJNI\]@T^@@C_ITJ^NX\N<QV@NL\JWNSJCBIQ3	PAC\@SS^_7\YZXIIT2KAYSUNER\\VMCCGOJ_ZGOSQRUN	]YXTNXT 7]NMMRRO[ ]]XANQNXHXNM@SOA=QER[@@QQBDX\XAR	
 <	B@TDO]RJK,ZJVRX
	<		ANKRB	KQIZFCXTVO AYPOXBUAPB	XIB^_V3 R[VG]@NLC	QXICG_RV\[[[VJ\]@	G3QI]QF@OA\\O[OA
=L^NXJ_I CDP;KXDNV[3PUJW\NXDEJ^K]@[\GUA	NKQZU\T[NXTVRUOY\N	 &
SLSY\@@T@VRTVO QAYI@Q		L^XANnJ^LARUCARSITQ@SS3XIDHX\@\T(HVVACQ	V7AQQ_V]NMHSRTI\_NPJW_VCK@\	_VNVFLVOA
	1A]@@GBZQ	CNVGUA^SX^E@@JCG
2NMOOA
NIN@R^EDO	nIOJ\[[RSSA3BYG@TNE
,HZF@]\NR[VB\CU^KJQQFG\VOT\N AC]FZ]@S=
 QN\UKARPAC\_N@ZOVRVQAQNQTVO	<
[VE@S
]J\\RBQ_IT2JAYS@Q]ARVjV]ZNXQW; 	^UCSOASLVX^[RJ_Q^F@^E[\FMSOA		@TR_ANE, \RVXFHOA 	B@TKJAICXJRVUGUA3LQDOXIQZCLJHX
	<		@NKREY]\Z%BF[IJ(KNI\]@T]@@JE\CXJNMJPR[@[@@SCOVSOC_IT2HAYWH]_N@[OVRVQ
]ZF@]\N		AYZI@QE8	NXL_QUQNJUJ]HN@U,ER]NXBC[	,E]UXWN	 &
PLWDOZIM_SJ]\NAC_@YEZ[KJ	QQ FEDF	&]QVES_E @QQ_V^NMIOAQVHRB %IEXJOJN]GI[AO[	
j	QXICQEXTB2AY^UCA
=L_NXJ_QPUXWIT[GIOASX]^XZ_WVQGJ^KXB@N 3_]\\]NXDGJ^JARQAC\_N]Q]@@A,F@[\N[YARI\KN]@S=
QNXVOA\\O&RVP[VNP2
AICXJ	]UCZZTI\_NPJW_VHEEZ_VNVFLPOA
	1A]@@GBZQ	CNVGUA^SX^E@@JCG
2NMOOA
NIN@R^EDO	nIOJ\[[RSSH3BXG@TNE
,HZF@]\NR[VAUFZVEQIX KF^VOAR 	AYHXE@SS3ZIFXTKARPAC\_N@ZOVRVQAQNPQVO	<
[VB@S
]J\\RKQ_IT2JAYS@Q]AR_jV\ZNXQW; 	^UCSOASLTX]UPVQFJ^I_AZ[FKOA SX_PDO	nKOJ^\GHOA 	B@TKJAICXJRVTBUA3LVDOXIQZCEJHX
	<		@NKREY]\V%BJ]IJ(KNI\]@T]@@BJSCXJNMLRQSHUF@SCOVSCE_IT2HAYWIZ_N@[OVRVQ
]ZF@]\N		AYRH\_N@7@@G_IXVRFK]@XN[[3PTJW\VQB[F+YWIOJN 3\]XAN QNYUIYF\@U	NI^FW\RZANIE[WVO

< ]SX_WPANQNXHX KAYSUN@TWDO4XVRQVONM[RSSLN_NP2
@IC	DFK]@Y3FJQAYN
A8HQI[Q	ANVFHQQSI@QGER_[SCDFRQRV]DKOA
=L\NXKCCSQ	CNVGUA^SX^E@@KCG
2NMLOA
NIN@R^ EDO	nIOJ\[[RSSL3B_@@TNE
,HZF@]\NR[VB]A[ZKJQQEL_PL[\N AC]@]]@S=
 QNYTJU\NP[VC@SY_NXJ_QIVR\JAR<
NIY]@QERO]RJFQG/PAYI_N@R^8YYY@@QW%		E[YSO[ _]ZTXZN_Q^F@^AXTBJ[OA		@TS]ANE, \RV^GIROAQLWDOYIDDF NVOLOA.
]YANQII CDYFVO

< _SX^HKJ\\RO,BXQNF	&^QVANLC	SXIBZ	FDXHX	[YQ[A]A^ENLY @@B@\Q3	RAC]C\INLC	QXICG_RV\[[[VK\]@	G3QI^QF@OA\\B[OA
=L^NXJ_I CD];K^FNV[3PUJW\NXDEJ^K\G^XGUA	NKPV_Q^]NXTVRUI[\N	 &
SLVX]TNXDGJ^JARQAC\_N]P]@@A,F@X\N[YARI\FN]@S=
QNXVOA\\B&RPV[VNP2
AICXJ	]UCRRV@TC@SBOVPBBE]KXJ NMHPVO[	
j	SXIB[KXJ	_UCSOAPLWDO	
QIS_V 3[YVO[NK@_W]O@@R+
CNVGOARI\F3@QZ]O	nHOJ\@U]QV@SZUXANIF_\N^DY@UNI]BVB	,AEJ^K]@T@U_QVANLC	PXICGF@U@@N&NKWBOV@KCC^_V3 P[VC]@_WY2]VHQI/QAYI@QPVJW^ZODAGOJ_\COQTTUN	]YY^NXT 7]NMKSSRUNER]@@TAVRTVOUC[VO[1\JW]NXIQEXTKO\N	 &
QLWANSJCF4 @MJ^O

< ^SX^E BQQ AEXVJAR AYKUGYIS^EQIZJXJ(HNI]ARVE @QQ_V^NMIOAQVIRB %IFXJOJN]GIVAO[	
j	QXICQEXTO2A_TUCA
=L_NXJ_QPUXWA]U@OSOA		@T^Y^YSM_QTF@\CT@U,ER\\RB_QPWXW@@NKNI\]@MJWTRVQ^7OJY@UAY[]C\D@B	,AGJ^J\N]GIR<RM_QV
@S=
QNXHX HAYQATDZ]@ZNXICK[E@DF	 UCRWPUN
A8KQIYCEDF	D[YSO[ \]XANQQ	FXJ3AYRUNSXLWX\NNXT 7_NMIOAH\CY.TZ]O	nHOJ\@U]QVEQ\ WDOIJAZRH[\N ACZG@SS3ZIEXTBARPAC\_N@ZOVRVQAQN\QVO	<
[VF@S
]J\\ROQ_IT2JAYS@Q]AR_jV\]NXQW; 	^UCSOASLU_TZVVQFJ^HTGT]GJOA SX_WDO	nKOJ^\GHOA 	B@TKJAICXJRVTBUA3LVDOXIQZCEJHX
	<		@NKREY]\W%EFIV3 Q[VC@SY\NXNGC^_VNVNNPQVA@Q YER[YNXT 7]NMHSS[UNER]@@TAVRTVOUCWVO[1\JWYNXIQEXTOO\N	 &
QLWANSJCB4 GEJ^O

< ^SX^E BQQKF^\VO AYPI]A]HRB	XIB_ _V3 R[VA\ASB	IQI[Q	BNVGUA	NITDNLR=QQ _V XWR]\GHAOA
	1A_@@CGBDXR%\@_NMA	.EZOVPJB_IGKOJZ[@MSOA		@T__Y[WL_QTF@\@_@U,ER\\SVQ
][F@[G[XGUA^SXXP\]@@IEADF(AYO@Q@TVX]Z@VQW; 	_UCPSR@Q]AR[jQ_OVXT 7^NMIOA 	@@TR^[YNXTVRUJ\DY^GUA	NKTYE
,HYF@\@\T[[	@NKRB	HQI[QXWDY@U	3SX[E	NXXBC[QXJ(JNI\NLWXX3TJQI/QAYI@QPVJWXRJ@CGOJT[GHSRO[ LQXANE, \RV]GI[OAQLWDOYIDDF NVCLOA.
]]ANQII CD]FVO

< _SX^HKJ\\RO,EZIJ(KNI\]@T]@@GCSFXJNMAZSTJ^_NPJWZSVQW; 	]UCRSSA@QPTJW\NXDFJ^JAR	[YWVUNjOVWVQIVYTJXR@N 3]]X@@KCCXnAFJ^O

< ^SX^E BQQE@\HX	[YQVH]EX]@PNXHA_IT2HAYQI\@@SY^NXJ_QPVXW@@NAYKY_N@7@@@_IXVRFK]@_N[[3PTJW\VQB[@+ZWXWN	 &
PLWDOZIG_RNAR AYKZGZ@[B	XIAXQ3	RAC^C\BNLC	QXICG_RV\[[[VAY]@	G3QIXQF@OA\\D[OA
=L^NXJ_I CD[;H]RVU,ER]@@TBVRWN]D@N[VA^EP[KJ	QQCXJ(HNI^AR]E @QQ_V^NMIOAQVCWB %I@XJOJN]GIPAO[	
j	QXICQEXTI2B]NMA	.EZOVRVQ
]YF@^E^X[[QVCQYWPANIFYHX
	<		BNKP^TDOXIDDF	E[YSO[	SX\ KJ
,UQN[HXNVUHSSP[@Q	V7@QQXJUJ]C3^A[YA
	1A^@@C_IGKOJX]EMOASX]SQUXNXTVRVLAR	
 <	@@TWX^@@T@VRTVO QAYI@Q		LU]ANnJ^IARUCARSI_Q@SS3XIDHX\@\Y(OQAYN
A8HQI[Q	ANVCHUWSUN]Q\]QLG_I]XWF^@U,ER\\RB_QPWXW@@NKNI\]@MJWXWVQ^7OJY@UAY[]C\D@B	,AGJ^J\N]GIP<QMNISS3YIDDF	F[YP[AX_NPJW^UBCD_QRV^CUA	.EYOVPJC@G^RV\[[	ANKRBNXHF_IV%NVDUA
[VQ]AR]KJ
4E
WXW@@UHSSP&^FNKLP%
TAVRTVO RAYM\CX]@ZNXHJB^JXJ NMKVOA
	1A]@@AC[_V_NMIOA 	C@TKJXIA^Q/UCPOAQVSS^TJANE, ^RV\
UARSI_,^I@TNE
,HZF@]\NR[VG_GVB	XI@X KM]HX	[YQ[UN
A8KQIYCGDF	D[YSO[ \]XANQQFXJ3AYPUNSXLWX^NNXT 7_NMIOAH\CY.T]]O	nHOJ\@U]QVEPZRDOIJGY]CX\N ACZ@@SS3ZIEXTBARPAC\_N@ZOVRVQAQN\QVO	<
[VF@S
]J\\ROQ_IT2JAYS@Q]ARVjUX]NXQW; 	^UCSOASLV]\[RJ_Q^F@XBU^CKPOA		@TWXANE, \RVXFHOA 	B@TKJAICXJRV\[[,@TKJ@@QB[KVDF	&_QVABVX]T=LJQQJQ3	QAC\_N@YOVQIEA^QRV]GLVT[J@Q YER[UNXT 7]NMMRRO[ ]]XANQNXHXNMMVOA=QER[@@QQBDX\XAR	
 <	B@TDO]RJK,]	QNF	&^QVANLC	SXI@XFDDF
	UCRSPL]F]]@PNXLK_IT2HAYWH]_N@[OVRVQ
]ZF@]\N		AYWL@QE8	NXL_QUQNJUJ]HN@U,ER]NXBC[	,B[F@R	
 <	C@TKJBI@DYSOAR AY@_BUHWB	XIEXQ3	RACXB]]@T_@@C_IGHOJ\@UACXF@SZ2XIEGJ^X\@\TUUA	.E[OVR_QZCL7RHOJN 3\]XAN QNZ]L]@@N[VJ]@QXKJ	QQAXJ(HNIX@SB	IQI[Q	BNVGUA	NIXDNLR=QQ_V XWR]\GAAOA
	1A_@@CGBDX\%[ANV[3PUJW\NXDEJ^HT@^Y[[QVI[^TZANIBYHX
	<		BNKV_KJ@ICXJ	^UCSOANKV[E
,IBDF	RVNFIS[AUN
A8IQI[L_VYTJU/Z\UCA
=L_NXJ_QPUXWBTXBIOASXVWY]]NXTVRRJAR	
 <	@@TVYANQNXHX KAYSUN@TRDO4XVRRVONM[RSSAN_NP2
@IC	DFK]@T3ANAY[	
j	PXICG\RV_EMTVO[LVX\XWHC_I]XWF[@U,ERY]SVQ
][F@]\NQ[VC@SEERYYNXD+ XWF@NAYAH\CTSNLP%
T@VRTAR]\GA<UU[VNP2
AICXJ	]UCPRZI\_NPJWU[IKKRQRVZAUA	.EYOVVKB_IGIOJ\@U^QVANLPOVVO_QC;	RVZ[[
ACNB\AZLE
,H[F@]@NFIS[<OYQV
@S=
QNXHX HAYPH_AY]@ZNXCD@YKXJ NMOVOA
	1A]@@GBZQ	CNVGUA^SX^E@@GFG
2NMOOA
NIN@R^EDO	nIOJ\[[RSSA3EXSX	,AFJ^JARRAC_C[DRB	XIJ^EF^HX	[YUWUN
A8KQI_ BXJ	_UCSOAPLWDO	
QI__V 3[YUO[NK@_WPO@@R+
CNVGOARI\K3DRLJ
4E
VXW@@NHNI^BP^KJQQKE_VCAR 	AYL\_NP2
BIGEYHX JAYSUNER]@@IGDDF(AYO@Q@TVX]T@VQW; 	_UCSO[]C\C=_PJW@R+
BNVGUA]SX\U^U@@
CQNZQL^F[Z[[ QV@PYE
,HYF@_@\^[[	@NKRB	HQI[QXWGY@U	3SX\E	NXXBC[QXJ(JNI\NLWX_3SHEQQJQ3	QAC\_N@YOVPIJJ]QRV^BJPRTN@Q YER\^TVQW; 	]UCQSSK@QPTJW\NXDFJ^JAR	[YTVUNjOVPVQIVYTJ_R@N 3]]X@@KCCYnBF]F@R	
 <	C@TKJBIAG_VNAR AYKYC^GUVEQIZFXJ(HNI^AR\E @QQ_V^NMIOAQVFWB %IAXJOJN]GIQAO[	
j	QXICQEXTH2A^XUCA
=L_NXJ_QPUXWB_XBKOASX\PZ\[[VQGJ^K_D@N 3_]Z]\PVQ
][F@]\NQ[VC@SEERZYNXD+ XWB@NAYAH\C^SNLP%
T@VRTAR]\GK<RQJNISS3YIDDF	F[YQPHTC@SBOVPNGB]	CXJ NMHQPO[	
j	SXIA[AXJ	_UCSOAPLWDO	
QI\_V 3[YQO[NK@_WZO@@R+
CNVGOARI\A3@P\]O	nHOJ\@U]QVCPW_DOIA@YUKUA@N[VB^CNLP%
TBVRVJ]B@NJNI\]@T^@@C_ITJ^MX\N<QVCNL\JWNSJCAIQ3	PAC\@SS^U7\^SXIIT2KAYSUNER_^TIE_IAXWB_TGO[QO[ LVZ\@@R+
ANVEISQO[ ]]XANQNXHXNMNVOA=QER_@@QQBDXVXAR	
 <	B@TDO]RJA,ZCVRX
	<		ANKRB	KQIY@B\HX	[YQPL\BTBNLY @@BA[Q3	RAC^C\CNLC	QXICG_RV\[[[VDY]@	G3QIYQF@OA\\E[OA
=L^NXJ_I CDZ;K_INV[3PUJW\NXDEJ^HYH]^[[QVCT\Q_Y@@]QNYVCAR	
 <	@@TWX_@@T@VRTVO QAYI@Q		LP]ANnJ^HARUCARSI^Q@SS3XIDHX\@\^(HQ[ACQ	V7AQQ_V]NMKWVWI@QGER_Y[NBD^QRV]EAOA
=L\NXHCCYQ	CNVGUA^SX^E@@DFG
2NMKOA
NIN@R^EDO	nIOJ\[[RSSN3BXE@TNE
,HZF@]\NR[VJ]AR^EQIX B@\QKAR 	AYHXG@SS3ZIAYUVO PAYI@QPUJW\NXIL]HX
&
ACZ_NLEY]\UX_QW%		D[YSUNB\AU1S]OVXT 7^NMIOA 	@@TVQX\NXTVRWKYHY_OUA	NKSZ KJ
4E
UXWE]][[	@NKRB	HQI[QXWHY@U	3SXXE	NXXBC[QXJ(JNI\NLWXZ3SNEQQJQ3	QAC\_N@YOV[HJC[QRV_FAQUQL@Q YER\XTVQW; 	]UCVRRUNER]@@TAVRTVOUC[VO[1\JWZNXIQEXTMO\N	 &
QLWANSJCD4 GCJ^O

< ^SX^E BQQ@L]TVO AYPK]E[@PB	XIB__V3 R[VF]@NLC	QXICG_RV\[[[VKY]@	G3QI]QF@OA\\@[OA
=L^NXJ_I CD_;KY@NV[3PUJW\NXDEJ^BZB\\[[QVC[YVX^@@]QNYPJAR	
 <	@@T VYANQNXHX KAYSUN@TRDO4XVRRVONM[RSSNN_NP2
@IC	DFK]@[3FMRAYN
A8HQI[Q	ANVOARVSUN][]]PKJCGOJ]XFUA	.EYOVWKB_IGIOJ\@U^QVANLPOVZO_QC;	RVZ[[
ACNB\AULE
,H[F@]@NFIST<HXANKLP%
TAVRTVO RAYAUB\ANLE@@@C_AC_HX	[YRWK@Q	V7BQQBEDF	D[YSO[ \]XANQQ	FXJ3AYUUNSXLWXZNNXT 7_NMIOAH\C[.SZERNE, _RV\[[	BNK[^RXANIGX\J^FX@UNI]EQB	,AEJ^O\A@NJNI\]@T^@@C_ITJ^BX\N<QVGNL\JWNSJCDIQ3	PAC\@SS^P7\XZXIIT2KAYSUNERTXZJC_IAXWC^YGNZZO[ LV\U@@R+
ANVBHROAQLWDOYIDDF NVOLOA.
]^ANQII CD_FVO

< _SX^HKJ\\RM,B_QNF	&^QVANLC	SXIJ^FDDF
	UCPQ[MTKZ]@PNXKGJG/RAYL]B@SY^NXJ_QPVXW@@NAYAY_N@7@@E_IXVRFK]@[N[[3PTJW\VQB[B+YQCOJN 3\]XAN QN[WBUD@N[V@ZESWUDO IBAQHX
	<		BNKP^VDOXIDDF	E[YSO[	SXWKJ
,UQNYHXNVUHSSR[@Q	V7@QQXJUJ]E3]DIAY[	
j	PXICG\RV]G@U[SUN]Z[YWKD@GOJ]_GUA	.EYOVSJCKG^RV\[[	ANKRBNXBC_IV%NVBUA
[VQ]AR[KJ
4E
WXW@@UHSSR&]FTSX	,AFJ^JARRAC_@YGVB	XI@]EDZUVO	AYRLT_NP2
BIADXUVO PAYI@QPUJW\NXIMXHX
&
AC]_NLEY]\SX_QW%		D[YSUNB\AT1_YOVXT 7^NMKSRO[ _]YXYPHC_IAXWDXUGM[UO[ LVP\@@R+
ANVFIROAQLV]X^PJ_QPVXWAYYEKSOANKS^ KJ
,UQN^HXNVUHSSU[@Q	V7@QQCEHX\@\Z(H[SACQ	V7AQQCEDF	F[YRVJTG\]@ZNXNGGRAGDF	 UCR[SUN
A8KQIZBXJ	_UCRVPAXC@SY_NXKF@SCXJRV]GLOA.
]^ANQII CD^FVO

< _SX]VANSJCE4 KGJ^O

< ^SX\VDOZIE]SCU@@N[VGYFQ^UDO IBL[HX
	<		BNKS^KJ@IBA_]B]\NQ[VBYF[VKJXIB[_V 3[YUO[NK@_W^O@@R+
CNVDIRO[]C\G=_UJW@R+
BNVEIROASLV][ZRJ_Q^F@YE_]@MZOA		@T_ZANE, \RV]GHOA 	B@TR^[\RVQ
]ZF@\EZZGIOAQV@R[E
,IBDF	RVNFISUAUN
A8IQIXB	DFK]@Z3FAVAYN
A8HQIYBXJ	]UCRUSNXC@SBOVVLFF^KXJ NMH[VO[	
j	SXIB[ _V_NMHUSTM\_N@ZOVSLCD__V
OJ]\BUA3LQDOXIQZCBJHX
	<		@NKQ^DO]RJE,Z	GVRX
	<		ANKP^KJBIBAQWL]\NACXE]EPY KJ	QQ K@DF	&]QV@R_E @QQ FM[RJARQAC]FUBT^E@@BC^Q/UCUOAQVSS^QJANE, ^RV_GHOAH\CZ.SVERNE, _RV^GHOA 	@@TQ[X\RVQFJ^NZCT\AMOA SX_PDO	nKOJ]\FUA_SX_T]]\NXDFJ^K[CY\GUA	NI]AWB %IEXJOJN]GIUAO[	
j	QXI@[ XJUJ]F3]OOAY[	
j	PXIA[ _V]NMHUQRK\_NPJWXTCEK[ _VNVFAUOA
	1A]@@BCZQ	CNVFOQRQI@QPUJW]THBA[QXWA\Y[[,@TKJ@@QB[EVDF	&_QVBR_HKJ\\RL,BSQNF	&^QVCR_E BQQ EBZRJAR AYMTA\D[^EQIZ	JXJ(HNI]ASB	IQIZEF^TVO QAYHZE^GRBNXKCFG
2NMOOA
NIN@R^EDO	nIOJ_\FOARI\E3@ZV]O	nHOJ^\FUA]SX_SPU\NXTVRPMZI_^@UA	NKSVKJ
4E
UXWA\][[	@NKSX_P]@@TAVRULYHT\[[[VB\DNLR=QQ_V XWR]\GOAOA
	1A_@@@CZL_VYTJZ/YUUCA
=L_NXJ_QPUXWB[UELOASXV VZ[XNXTVRQCAR	
 <	@@T VYANQNXHX KAYSUN@TWDO4XVRRVONM[RSSNN_NP2
@IC	DFK]@[3BAAY[	
j	PXICG\RV^@MSSO[L_[_XPM_QTF@XH@N 3_]]\]NXDGJ^JARQAC\_N]\]@@A,F@[\N[YARI\DN]@S=
QNXVOA\\@&VPACQ	V7AQQ_V]NMKWTTL@QGERZ_ZHGBGOJY_[[3PVJWYSK_QPWXW@@NKNI\]@MJWXRVQ^7OJZ@UAY[]C\F@B	,AGJ^J\N]GIT<VKNISS3YIDDF	F[YQWKYC@SBOVUKJG[_VNVBKOA
=L\NXOBBG^RV\[[	ANKRBNXNC_IV%NVAUA
[VQ]ARYKJ
4E
WXW@@UHSST&YBNKLP%
TAVRTVO RAYK_D^DNLE@@DC[EBDF	 UCVRO[	
j	SXIFZ _V_NMIOA 	C@TKJXIG[Q/UCUOAQVSS^PJANE, ^RV\
UARSI[,YA@TNE
,HZF@]\NR[VA_CR^EQI]	BCZ]VO	AYVI@Q	V7BQQBEDF	D[YSO[ \]XANQQCXJ3AYUUNSXLWXZNNXT 7_NMIOAH\C[.WY]O	nHOJ\@U]QVCTVRDOIKE[QC]\N ACYD@SS3ZIAYUVO PAYI@QPUJW\NXI@XHX
&
ACZ_NLEY]\UX_QW%		D[YSUNB\AU1 QJW@R+
BNVGUA]SX\T]]@@
CQN_]NZE^@UNIYGNLP%
TBVRQK\\NP[VC@SY_NXJ_QIVRPJAR<
NIZ]@QERO]RJDQG/PAYI_N@R^8]XNXQW; 	^UCSOASLU]U^WVQFJ^MZEU]BUA	NKW[E
,HYF@XA]@U_QVANLC	PXICGF@Y@@N&NKTBOV@KCC\_V3 P[VC]@_W_2YVXIIT2KAYSUNER_YQJC_IAXWGY[GN[OA		@T SDO	nKOJY]FUA_SX^E AQQ_V
OJX\[[,@TKJ@@QB[DVDF	&_QVABVX]]=OFQQJQ3	QAC\_N@YOVZIAGGOJ[[B@RVO[ LR]ANE, \RV^GIROAQLWDOYIDDF NVCIOA.
]YANQII CDYFVO

< _SX^HKJ\\RK,F_IJ(KNI\]@T]@@KB^_VNV@LTSTA@Q YERXXNXT 7]NMKSSRUNER]@@TAVRTVOUCWSO[1\JW]NXIQEXTKO\N	 &
QLWANSJCB4DVRX
	<		ANKRB	KQISEDDF
	UC[RPLUC@SCOVWM_QW%		F[YQSI]_N@[OVRVQ
]ZF@]\N		AYWI@QE8	NXK_QUQNJUJ]AN@U,ER]NXBC[ ,A^F@R	
 <	C@TKJBIK@QVVO AYT@XDYCNLY @@FEG/RAYK\C]]@T_@@C_IGHOJ\@UACXC@SZ2XIBGJ^X\@\]UUA	.E[OVR_QZCE7QKOJN 3\]XAN QN_RO_\NAC[C\DTXEQI^ _V3 R[VA\ASB	IQI[Q	BNVGUA	NIXANLR=QQ _V XWR]\GHAOA
	1A_@@CGBDXU%X@NV[3PUJW\NXDEJ^MYHX@U	NIZISY^DO IFDDF	&]QVCR^KJ@ICXJ	^UCSOANKV^E
,IEDF	RVNFISRAUN
A8IQI[L_VYTJ\/Y_UCA
=L_NXJ_QPUXWGUTOUA	NKU]U\\@@]QN]WVO

< ]SX\WYANQNXHX KAYSUN@TWDO4XVRUVONM[RSSHN_NP2
@IC	DFK]@]3BKAY[	
j	PXICG\RV[OKSOA		@TVQY\QVQGJ^O_\N	 &
SLUX]]NXDGJ^JARQAC\_N]\]@@A,F@\\N[YARI\BN]@S=
QNXVOA\\F&VZACQ	V7AQQ_V]NMAZZUUN]PX]PLG_I]XWEU@U,ER_\RK_QPWXW@@NKNI\]@MJWXRVQ^7OJ]@UAY[]C\@@B	,AGJ^J\N]GIR<VANISS3YIDDF	F[Y[[KT_NPJWTQHGA\QRVYOUA	.EYOVPJCBG^RV\[[	ANKRBNXNC_IV%NVFUA
[VQ]AR_KJ
4E
WXW@@UHSSQ&[ENKLP%
TAVRTVO RAYH^A\ENLE@@BAZJB]HX	[YTUUN
A8KQIYCFDF	D[YSO[ \]XANQQCXJ3AYQUNSXLWX_NNXT 7_NMIOAH\C^.UY]O	nHOJ\@U]QV@PZSDOIBF[WITA@N[VD[]@S=
 QNZTJ_\NP[VC@SY_NXJ_QIVRQJAR<
NI^]@QERO]RJAQG/PAYI_N@R^8_YNXQW; 	^UCSOASLVYU\VVQFJ^K\FZ]FLOA SXYKJ
4E
UXWB\\EUA_SX^E AQQ_V
OJY\[[,@TKJ@@QB[AVDF	&_QVABVX]^=MFQQJQ3	QAC\_N@YOVSHCC_QRV]FA[VWI@Q YERZYNXT 7]NMKSSQUNER]@@TAVRTVOUCVSO[1\JW^NXIQEXTHO\N	 &
QLWANSJCA4AVRX
	<		ANKRB	KQIZ GD\HX	[YRRK]AZENLY @@DAG/RAYK\C^]@T_@@C_IGHOJ\@UACYC@SZ2XIAGJ^X\@\^UUA	.E[OVR_QZCF7SIOJN 3\]XAN QNYUL]D@N[VB]EQXWDO IDGDF	&]QVCR^KJ@ICXJ	^UCSOANKW^E
,IFDF	RVNFISQAUN
A8IQI[L_VYTJ_/[\UCA
=L_NXJ_QPUXWA]\GMOASX_P^Y]VVQGJ^M]\N	 &
SLUX]^NXDGJ^JARQAC\_N]]]@@A,F@_\N[YARI\AN]@S=
QNXVOA\\E&TRACQ	V7AQQ_V]NMHRQSM@QGER\\[BK@RQRV[FUA	.EYOVPJCAG^RV\[[	ANKRBNXOC_IV%NVEUA
[VQ]AR\KJ
4E
WXW@@UHSSQ&[KNKLP%
TAVRTVO RAYH^E\ENLE@@BA^KE^HX	[YT[UN
A8KQIYCFDF	D[YSO[ \]XANQQCXJ3AYQUNSXLWX_NNXT 7_NMIOAH\C^.UW]O	nHOJ\@U]QV@PVSDOIBF_\HYA@N[VDU]@S=
 QNZTJ_\NP[VC@SY_NXJ_QIVRQJAR<
NI^]@QERO]RJAQG/PAYI_N@R^8YYU@@QW%		E[YSO[ _]QX[WJ_Q^F@^BTXOAUOA		@TSQANE, \RVXFHOA 	B@TKJAICXJRVTBUA3LQDOXIQZCLJHX
	<		@NKREY]\Z%BGSIJ(KNI\]@T]@@JGSCXJNMJQVSNUJ@SCOVSNK_IT2HAYWH]_N@[OVRVQ
]ZF@]\N		AY[L@QE8	NXL_QUQNJUJ]HN@U,ER]NXBC[	,E\SXWN	 &
PLWDOZIM[\O]\NAC_A]GU_KJ	QQ GCDF	&]QVES_E @QQ_V^NMIOAQVIWB %IEXJOJN]GI[AO[	
j	QXICQEXTB2AXZUCA
=L_NXJ_QPUXWI^UGIOASX]_Z[^WVQGJ^KYF@N 3_]\\]NXDGJ^JARQAC\_N]PX@@A,F@[\N[YARI\KN]@S=
QNXVOA\\O&RWV[VNP2
AICXJ	]UCZRZL\_NPJW_SNKFX	_VNVFMVOA
	1A]@@GBZQ	CNVGUA^SX^E@@KFG
2NMOOA
NIN@R^EDO	nIOJ\[[RSSA3BXE@TNE
,HZF@]\NR[VJ]AR^EQIX B@\QKAR 	AYHXG@SS3ZI@YUVO PAYI@QPUJW\NXIL]HX
&
ACZ_NLEY]\ZX_QW%		D[YSUNB\AZ1S[OVXT 7^NMIOA 	@@TWXX\NXTVRWJU@_ZCUA	NKSZKJ
4E
UXWD]][[	@NKRB	HQI[QXWHY@U	3SXXE	NXXBC[	QXJ(JNI\NLWXU3SNAQQJQ3	QAC\_N@YOVZCBC[QRV_GMUQTN@Q YER\XPVQW; 	]UCWRRUNER]@@TAVRTVOUC[VO[1\JWZNXIQEXTBO\N	 &
QLWANSJCK4 GEJ^O

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 <	@@TVYANQNXHX KAYSUN@TRDO4XVRRVONM[RSSAN_NP2
@IC	DFK]@Y3FIUAYN
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[VQ]AR[KJ
4E
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BIBDX\VO PAYI@QPUJW\NXIB]HX
&
ACY_NLEY]\WX_QW%		D[YSUNB\AW1W\OVXT 7^NMIOA 	@@TWZU\NXTVRUC]AZZ@UA	NKS^KJ
4E
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OJZY[[,@T KJ@@QB[FVDF	&_QVABVX]Y=KCFIV3 Q[VC@SY\NXBB@X_VNVF@Q[VNT_NPJW]RO_QW%		F[YRSIT_N@[OVRVQ
]ZF@]\N		AYUL@QE8	NXO_QUQNJUJ]EN@U,ER]NXBC[,EXVXWN	 &
PLWDOZICPUB]\NAC]KXFZZ KJ	QQ CFDF	&]QV@R^KJ@ICXJ	^UCSOANKT[E
,IADF	RVNFISVAUN
A8IQI[L_VYTJX/]\D[YA
	1A^@@C_IGKOJ[UEJSOA		@T__Y[WL_QTF@\@_@U,ER\\RB_QPWXW@@NKNI\]@MJWZWVQ^7OJY@UAY[]C\D@B	,AGJ^J\N]GIV<RI\QV
@S=
QNXHX HAYTO\K\]@ZNXKDJ_AGDF	 UCRSSUN
A8KQIZCLDF	D[YSO[ \]XANQQFXJ3AYVUNSXLWXXNNXT 7_NMIOAH\CY.S^ERNE, _RV\[[	BNKUYTXANIEPVJTCX@UNI]ASB	,AEJ^K]@T@U_QVANLC	PXICGF@[E@N&NKWBOV@KCC^_V3 P[VC]@_W]2]RBQI/QAYI@QPVJWTVNKCGOJ^\G@PRRUN	]Y]TNXT 7]NMHSS[UNER]@@TAVRTVOUCUVO[1\JWYNXIQEXTOO\N	 &
QLWANSJCF4 CMJ^O

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,UQN^HXNVUHSS[[@Q	V7@QQXJUJ]H3[N[YA
	1A^@@C_IGKOJ_UOKVOA		@TU_U^VK_QTF@ZI@N 3_]\\]NXDGJ^JARQAC\_N]]]@@A,F@[\N[YARI\KN]@S=
QNXVOA\\O&TSACQ	V7AQQ_V]NMJWQSI@QGER\\ULGB_QRV[GUA	.EYOVVKB_IGIOJ\@U^QVANLPOVWJ_QC;	RVZ[[
ACNB\AZLE
,H[F@]@NFIS[<N]QV
@S=
QNXHX HAYPMTAY]@ZNXKCJS	@MDF	 UCTRO[	
j	SXIGZ _V_NMIOA 	C@TKJXIF[Q/UCUOAQVSS^_JANE, ^RV\
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BIGEYHX JAYSUNER]@@IFDDF(AYO@Q@TVX]T@VQW; 	_UCSO[]C\I=YERNE, _RV\[[	BNKQXP]ANIEYPI[I\@UNI[BNLP%
TBVRPK\\NP[VC@SY_NXJ_QIVRQJAR<
NIZ]@QERO]RJKQG/PAYI_N@R^8_YNXQW; 	^UCSOASLT^Z\RVQFJ^K\FZ]FLOA SXYKJ
4E
UXWD]][[	@NKRB	HQI[QXWE\@U	3SXXE	NXXBC[	QXJ(JNI\NLWXU3UOQI/QAYI@QPVJW_UIAFGOJ]]OAVWSUN	]_X@@R+
ANVCHROAQLWDOYIDDF NVBIOA.
]^ANQII CDPFVO

< _SX^HKJ\\RB,D]IJ(KNI\]@T]@@@DRCXJNMHQRS@ZF@SCOVUL_QW%		F[YWRH@QPTJW\NXDFJ^JAR	[YVSUNjOVTVQIVYTJUR@N 3]]X@@KCCSnDCJ^O

< ^SX^E BQQKA_QVO AYRK_@_HSB	XID\Q3	RACXB]]@T_@@C_IGHOJ\@UACYC@SZ2XIEGJ^X\@\TUUA	.E[OVR_QZCL7POOJN 3\]XAN QNZTB_E@N[VFUGW_KJ	QQFXJ(HNIX@SB	IQI[Q	BNVGUA	NI_DNLR=QQ_V XWR]\GAAOA
	1A_@@CGBDX\%YDNV[3PUJW\NXDEJ^H]CY\[[QVDUWPXANI@\HX
	<		BNKV_KJ@ICXJ	^UCSOANKQ[E
,IBDF	RVNFIS[AUN
A8IQI[L_VYTJ_/^\G[YA
	1A^@@C_IGKOJXTAIWOA		@T UQ_XPI_QTF@_@\@U,ER_\RH_QPWXW@@NKNI\]@MJW\NXD+ XWB@NAYAH\C^SNLP%
T@VRTAR]\GJ<RZNNISS3YIDDF	F[YWTMYA@SBOVWKE@YAXJ NMHZTO[	
j	SXIA[@XJ	_UCSOAPLWDO	
QIZ CXJ3AYPUNSXLWX^NNXT 7_NMIOAH\C^.S_ERNE, _RV\[[	BNKP_RZANIFZ]HZG_@UNI]@ZB	,AEJ^H]@^@U_QVANLC	PXICGF@Z@@N&NKPBOV@KCCY_V3 P[VC]@_WZ2]SCQI/QAYI@QPVJW^PKCKGOJ^_EHWT[UN	]Y\UNXT 7]NMKSSQUNER]@@TAVRTVOUCTSO[1\JW^NXIQEXTHO\N	 &
QLWANSJCA4 BFJ^O

< ^SX^E BQQCGYRVO AYQH^CYEQB	XIBZ_V3 R[VA\APB	IQI[Q	BNVGUA	NI[ANLR=QQ_V XWR]\GKAOA
	1A_@@CGBDXV%\A_NMA	.EZOVRVQ
]YF@_@Y[EUA	NKP_^ZYTNXTVRUK^\N	 &
SLUX]^NXDGJ^JARQAC\_N]_]@@A,F@_\N[YARI\AN]@S=
QNXVOA\\E&RRS[VNP2
AICXJ	]UCRZ[IX_NPJW^RL@BX_VNVFHSOA
	1A]@@AC[_V_NMIOA 	C@TKJXID[Q/UCQOAQVSS^UJANE, ^RV\
UARSI^,]@SLJ
4E
VXW@@NHNI^ARXKJQQCMY\IU\N AC]B]]@S=
 QNZTJ_\NP[VC@SY_NXJ_QIVRSJAR<
NI^]@QERO]RJAQG/PAYI_N@R^8Y\Z@@QW%		E[YSO[ _]Z\_VJ_Q^F@_B_YDOPOA		@TV^ANE, \RV^GIQOAQLWDOYIDDF NV@IOA.
]ZANQII CDZFVO

< _SX^HKJ\\RH,BZQNF	&^QVANLC	SXIAZJBDF
	UCQQUM\ET]@PNXKBDG/RAYK\C^]@T_@@C_IGHOJ\@UAC[C@SZ2XIAGJ^X\@\^UUA	.E[OVR_QZCF7UKYRVU,ER]@@TBVRVJUBT@U	NI^@UYR[ANIEYPVO

< ]SX\WZANQNXHX KAYSUN@TWDO4XVRVVONM[RSSKN_NP2
@IC	DFK]@^3FHVAYN
A8HQI[Q	ANVEHS[WUN]Z_\TLFKGOJ]]BUA	.EYOVPJCAG^RV\[[	ANKRBNXMC_IV%NVEUA
[VQ]AR\KJ
4E
WXW@@UHSSP&]JYSX	,AFJ^JARRACXEZIVB	XIF[DE[\VO	AYR@Y_NP2
BIADXWVO PAYI@QPUJW\NXIEYTVO	<
[V@@S
]J\\RIQ_IT2JAYS@Q]ARYjV]ZNXQW; 	^UCSOASLVX^[RJ_Q^F@^E[\FMSOA		@TR_ANE, \RVYFHOA 	B@TKJAICXJRVUGUA3LQDOXIQZCCJHX
	<		@NKREY]\U%BF]IJ(KNI\]@T]@@BCYCDDF
	UCPVPM^FU]@PNXKFEG/RAYL]B@SY^NXJ_QPVXW@@NAY@\_N@7@@E_IXVRFK]@[N[[3PTJW\VQB[D+YQOOJN 3\]XAN QNYTKZ@\@U	NI_E[VPPANIE]QVO

< ]SX[VDOXIDDF	E[YSO[	SXWKJ
,UQN^HXNVUHSST[@Q	V7@QQXJUJ]G3]BMAY[	
j	PXICG\RV]GITSSUN][YZPNJDGOJ]YCUA	.EYOVWKB_IGIOJ\@U^QVANLPOV[J_QC;	RVZ[[
ACNB\AULE
,H[F@]@NFIST<HY@NKLP%
TAVRTVO RAY@UD\ANLE@@@GYEE^HX	[YRVJ@Q	V7BQQBEDF	D[YSO[ \]XANQQCXJ3AYUUNSXLWXZNNXT 7_NMIOAH\C[.S[ERNE, _RV\[[	BNK[VWXANIG[]JZCY@UNI]DPB	,AEJ^O\A@NJNI\]@T^@@C_ITJ^C]\N<QVGNL\JWNSJCDIQ3	PAC\@SS^P7\YSXIIT2KAYSUNERT[UJC_IAXWC_YCAVWO[ LV]\@@R+
ANVBHROAQLWDOYIDDF NVNIOA.
]^ANQII CD_FVO

< _SX^HKJ\\RM,B^QNF	&^QVANLC	SXIJ]CDDF
	UCPPRAUD_]@PNXKFCG/RAYL]B@SY^NXJ_QPVXW@@NAY@\_N@7@@E_IXVRFK]@[N[[3PTJW\VQB[D+YQCOJN 3\]XAN QNYTOZ@\@U	NI_GV_WZANIE]]VO

< ]SX[VDOXIDDF	E[YSO[	SXWKJ
,UQN^HXNVUHSST[@Q	V7@QQXJUJ]G3]BAAY[	
j	PXICG\RV]GMTSSUN][[\TJABGOJ]YOUA	.EYOVWKB_IGIOJ\@U^QVANLPOV[J_QC;	RVZ[[
ACNB\AULE
,H[F@]@NFISP<HXCNKLP%
TAVRTVO RAYK[JZENLE@@AJ\	BD[HX	[YRWI@Q	V7BQQCD[HX JAYSUNER]@@IKADF(AYJ@Q@TVX]_@VQW; 	_UCSO[]C\B=_VJW@R+
BNVGUA]SX\U^U@@
CQN[TK_AU\[[ QV@V_E
,HYF@_@\_[[	@NKRB	HQI[QXWHY@U	3SX]E	NXXBC[QXJ(JNI\NLWX^3SNAQQJQ3	QAC\_N@YOVPBFDYQRV_GMUQTN@Q YER\XPVQW; 	]UCQSSJ@QPTJW\NXDFJ^JAR	[Y[VUNjOVQVQIVYTJ^R@N 3]]X@@KCCXnB@[F@R	
 <	C@TKJBIALPSLAR AYJ\K\BTZEQIZ@XJ(HNI^AR]E @QQ_V^NMIOAQVIWB %I@XJOJN]GIPAO[	
j	QXICQEXTI2AXXUCA
=L_NXJ_QPUXWBU]OIOASX]V\YYSVQGJ^KYD@N 3_]Z]\QVQ
][F@]\NQ[VC@SEERUYNXD+ XWC@NAYAH\C_SNLP%
T@VRTAR]\GJ<RWLNISS3YIDDF	F[YQZMTG@SBOVQKGK^KXJ NMHWVO[	
j	SXIA[@XJ	_UCSOAPLWDO	
QIS_V 3[YPO[NK@_W[O@@R+
CNVGOARI\@3@VX]O	nHOJ\@U]QVC[Y_DOI@EPVL_E@N[VBXGNLP%
TBVRVJ]C@NJNI\]@T^@@C_ITJ^BX\N<QVBNL\JWNSJC@IQ3	PAC\@SS^T7\XUXIIT2KAYSUNER^\RCA_IAXWC^]ANRQO[ LV\Z@@R+
ANVEISPO[ ]]XANQNXHXNMAVOA=QER^@@QQBDXWXAR	
 <	B@TDO]RJ@,ZKVRX
	<		ANKRB	KQIX@M^HX	[YPQL\DUHNLY @@BGSQ3	RAC^C\BNLC	QXICG_RV\[[[VKY]@	G3QIXQF@OA\\D[OA
=L^NXJ_I CD[;KYINV[3PUJW\NXDEJ^I]G\\[[QVBPV_P[@@]QNYPCAR	
 <	@@TWX^@@T@VRTVO QAYI@Q		L_]ANnJ^IARUCARSI_Q@SS3XIDHX\@\_(HZRACQ	V7AQQ_V]NMMVRWA@QGERYURNJB[QRV]NHOA
=L\NXHCCXQ	CNVGUA^SX^E@@BB[Q/UCPOAQVSS^TJANE, ^RV\
UARSI[,XI@TNE
,HZF@]\NR[VA^CW^EQI]DB\VVO	AYWA@Q	V7BQQBEDF	D[YSO[ \]XANQQFXJ3AYUUNSXLWXZNNXT 7_NMIOAH\C[.VW]O	nHOJ\@U]QVCPYRDOIEB\RB[\N ACXJ@SS3ZIAYUVO PAYI@QPUJW\NXIG]HX
&
ACZ_NLEY]\UX_QW%		D[YSUNB\AU1WJW@R+
BNVGUA]SX_S]]@@
CQN]UK_I[@UNIXANLP%
TBVRQK\\NP[VC@SY_NXJ_QIVRWOAR<
NIZ]@QERO]RJDQG/PAYI_N@R^8\\NXQW; 	^UCSOASLVPT^WVQFJ^O_H_XGUA	NKV_E
,HYF@XA]@U_QVANLC	PXICGF@^E@N&NKTBOV@KCC\_V3 P[VC]@_W_2XPXIIT2KAYSUNER\UVJC_IAXWEXYDAPOA		@TUDO	nKOJY]FUA_SX^E AQQ_V
OJ_Y[[,@TKJ@@QB[DVDF	&_QVABVX][=N@QQJQ3	QAC\_N@YOVSCKD^QRVYAKWQUUN	]\^@@R+
ANVBHROAQLWDOYIDDF NVDLOA.
]^ANQII CD_FVO

< _SX^HKJ\\RM,G_IJ(KNI\]@T]@@ACXCXJNMLTZWN\_NPJWXVVQW; 	]UCVRRUNER]@@TAVRTVOUCPVO[1\JWZNXIQEXTMO\N	 &
QLWANSJCD4FVRX
	<		ANKRB	KQIYKF]HX	[YVZOYB_]@PNXNF_IT2HAYVH]_N@[OVRVQ
]ZF@]\N		AYPL@QE8	NXL_QUQNJUJ]GN@U,ER]NXBC[,@^F@R	
 <	C@TKJBIAE[TJAR AYO]@YDTB	XIG]Q3	RACYB]]@T_@@C_IGHOJ\@UAC_F@SZ2XIEGJ^X\@\[UUA	.E[OVR_QZCC7PMOJN 3\]XAN QNZUMZE@N[VE_AWWKJ	QQDXJ(HNIY@SB	IQI[Q	BNVGUA	NI_DNLR=QQ_V XWR]\GNAOA
	1A_@@CGBDXP%\BNV[3PUJW\NXDEJ^KXF\@U	NI]BRWSDO IBFDF	&]QVERXE @QQ_V^NMIOAQVCRB %IGXJOJN]GIWAO[	
j	QXICQEXTN2A_NMA	.EZOVRVQ
]YF@\F]Y[[QV@V\U]ANIE[HX
	<		BNKV^KJ@ICXJ	^UCSOANKP^E
,I@DF	RVNFISWAUN
A8IQI[L_VYTJY/]\UCA
=L_NXJ_QPUXWAXYGUA	NKS^Q\_@@]QNYTVO

< ]SXZQDOXIDDF	E[YSO[	SX\KJ
,UQN\HXNVUHSSW[@Q	V7@QQXJUJ]D3]F[YA
	1A^@@C_IGKOJ]YGLOASX_^[]_NXTVRUKAR	
 <	@@TW^ANQNXHX KAYSUN@TWDO4XVRPVONM[RSSMN_NP2
@IC	DFK]@X3FOAY[	
j	PXICG\RV]@ASOA		@TP_[\[VQGJ^K[\N	 &
SLSX[@@T@VRTVO QAYI@Q		LUXANnJ^NARUCARSIXQ@SS3XIDHX\@\X(HTAYN
A8HQI[Q	ANVFAPVO[LVPT^UJ_QTF@\G@N 3_]\]ZNXDGJ^JARQAC\_N]Z]@@A,F@Y\N[YARI\GN]@S=
QNXVOA\\C&RWACQ	V7AQQ_V]NMHUTSUN]YXXPBE_I]XWAX@U,ERY\TVQ
][F@]\NQ[VC@SEER_\NXD+ XWD@NAYAH\CXSNLP%
T@VRTAR]\GM<RV[VNP2
AICXJ	]UCRTQL@QGER\ZWCGKGOJ]Y[[3PVJWXRL_QPWXW@@NKNI\]@MJW^RVQ^7OJX@UAY[]C\E@B	,AGJ^J\N]GIW<RANISS3YIDDF	F[YR[@\_NPJW^RJJ@ZQRV]OUA	.EYOVVJE_IGIOJ\@U^QVANLPOVPJ_QC;	RVX[[
ACNB\AVLE
,H[F@]@NFISW<HUQV
@S=
QNXHX HAYR@XF@SBOVPKAFR_VNVF@OA
=L\NXNCEG^RV\[[	ANKRBNXHC_IV%NVCUA
[VQ]ARZKJ
4E
WXW@@UHSSR&XANKLP%
TAVRTVO RAYO^ET]@ZNXOGFX	@XJ NMMQOA
	1A]@@AC[ _V_NMIOA 	C@TKJXI@^Q/UCROAQVSS^VJANE, ^RV\
UARSI],XB@TNE
,HZF@]\NR[VEXCRB	XIF]GF^HX	[YWPUN
A8KQIYCEDF	D[YSO[ \]XANQQFXJ3AYRUNSXLWX\NNXT 7_NMIOAH\C].V^]O	nHOJ\@U]QVD[XKJQQBEZ]MAR 	AYM\_NP2
BIADXUVO PAYI@QPUJW\NXIG]HX
&
AC]_NLEY]\SX_QW%		D[YSUNB\AS1VJW@R+
BNVGUA]SXXV^ANIAZ\IY@@N[VG]]@S=
 QNZTJ\\NP[VC@SY_NXJ_QIVRWOAR<
NI]]@QERO]RJBQG/PAYI_N@R^8\[NXQW; 	^UCSOASLQPZZNXTVRRK^EYZ[[ QVETB	,AEJ^H]@]@U_QVANLC	PXICGF@^E@N&NKSBOV@KCCZ_V3 P[VC]@_WY2XUXIIT2KAYSUNERZ\PB_Q^F@[C\YN@OA SXZKJ
4E
UXWB\\FUA_SX^E AQQ_V
OJ_Y[[,@TKJ@@QB[BVDF	&_QVABVX]]=NGQQJQ3	QAC\_N@YOVTODAGOJY[NMTSO[ LS\ANE, \RV^GIROAQLWDOYIDDF NVDLOA.
]YANQII CDYFVO

< _SX^HKJ\\RK,G^IJ(KNI\]@T]@@EDY_VNVB@UVRJ@Q YERYYNXT 7]NMKSSRUNER]@@TAVRTVOUCPVO[1\JW]NXIQEXTKO\N	 &
QLWANSJCB4KVRX
	<		ANKRB	KQI\ KDDF
	UCUWTOXA@SCOVVB_QW%		F[YQSI]_N@[OVRVQ
]ZF@]\N		AYPL@QE8	NXK_QUQNJUJ]AN@U,ER]NXBC[ ,@QF@R	
 <	C@TKJBIDG[VVO AYUOXETGNLY @@GJG/RAYK\C]]@T_@@C_IGHOJ\@UAC_F@SZ2XIBGJ^X\@\]UUA	.E[OVR_QZCB7UBOJN 3\]Z]]NXDEJ^K\GZ\[[QVCR^TYANIEPHX
	<		BNKS^KJ@IBE_RJARQAC]B[GRBNXHC_IV%NVAUA
[VQ]ARXKJ
4E
WXWC\]
UARSIZ,]H@TNE
,HZF@_@]@U]QV@P_ WDOIAEZQC_\N AC]J@SS3ZIEXUVO PAYH^BYANLC	PXIBY FDDF NVEIOA.
]^ANQII CD^FVO

< _SX]VANSJCE4 GVRX
	<		ANKP^KJBIBDZTJAR AYHYG^ITB	XIB_Q3	RAC]C]]@T_@@BCYCXJ	^UCRSQI\_N]Z]@@A,F@[\N[YARI\EN]@S=
QN[TK\N]GIU<RLNISS3YIFXUVO RAYH\FUANLE@@BE^GLDF	 UCRVO[	
j	SXIB[ _V_NMHSVZI@QPUJW]ROJCGF@_@@N&NKTBOV@KCC]_V3 P[V@\@BVX]Z=KEQQJQ3	QAC^C]]@T]@@BCR	CXJNMHTTUIU_NPJW]TVQW; 	]UCRSRUNER\\[BC_IGHOJ]\NASOANKP^E
,IBDF	RVNFISUAUN
A8IQIXB	DFK]@Z3FNAY[	
j	PXIA[ _V]NMHRPTI@QGER\T[HDCGOJ][[[3PVJW]RK_QPWXWA]_@IOA 	C@TV[Z\NXIFXHX
&
ACZ_NLEY]\TX_QW%		D[YPSH_N@R^8Y]NXQW; 	^UCQSRUNERUZVJ_Q^F@\@[ZCKOA SX_KJ
4E
UXWA\][[	@NKZXWDOYIL^PJAR	[YQSUNjOVTVQIVYTJ[R@N 3]][]]VQB[E+YUXWN	 &
PLUX\@@TBVR]J^@@N[VB]HQ^KJ	QQ BXJ(HNI]ASB	IQIR@DDF	E[YZSJ\_N]Z]@@A,F@[\N[YARI\EN]@S=
QN[TK\N]GIU<RKNISS3YIFXUVO RAY@XA\]@ZNXK@CRGXJ NMHQOA
	1A]@@BCZQ	CNVNMQSO[ \]QY^RVQAQNZTVO	<
[VE@S
]J\\RLQ_IT2JAYPI]@SS^Q7\_@@QW%		E[YQSH@QPVJWUZKC_IAXWAX^AKVOA		@TTDO	nKOJ]\FUA_SXWVXANQNQ\K]\N		AYQI@QE8	NXL_QUQNJUJ]FN@U,ER^\S_QZCL7PBOJN 3\]XAN QNZVHX@@N[VEXFTZKJ	QQKXJ(HNIX@SB	IQI[Q	BNVGUA	NI_DNLR=QQ_V XWR]\GAAOA
	1A_@@CGBDX\%\G^NMA	.EZOVRVQ
]YF@\AUXGIOASXZT[Y[SVQGJ^KZB@N 3_]\\]NXDGJ^JARQAC\_N]Y]\NXD+ XWF@NAYAH\CTSNLP%
T@VRTAR]\GA<RTJNISS3YIDDF	F[YRQIYC\]@ZNXNBDYGDDF	 UCRTPUN
A8KQI_ BXJ	_UCSOAPLWDO	
QIZCXJ3AYUUNSXLWXUNNXT 7_NMIOAH\CT.SYERNE, _RV\[[	BNKS_UX]@@
CQN\TOYE__[[ QV@U^E
,HYF@YA]@U_QVANLC	PXICGF@\@\@U	3SXXE	NXXBC[	QXJ(JNI\NLWXU3SMBQQJQ3	QAC\_N@YOVSKK@[_VNVCIZWSI^_NPJW]UK_QW%		F[YWRH@QPTJW\NXDFJ^JAR	[YRSI@QE8	NXL_QUQNJUJ]HN@U,ER]NXBC[	,E_RXWN	 &
PLWDOZIEZWB]@@N[VG^HS]PDO IBC^HX
	<		BNKV_KJ@ICXJ	^UCSOANKS^KJ
,UQN^HXNVUHSS[[@Q	V7@QQXJUJ]H3]@NAY[	
j	PXICG\RV]EMZSSUN]\^_RBBEGOJ][@UA	.EYOVVKB_IGIOJ\@U^QVANLPOVSJC_IV%NVAUA
[VQ]ARVKJ
4E
WXW@@UHSS[&]DXSX	,AFJ^JARRAC]A]GR^EQI_BF\TCAR 	AYH[G@SS3ZI@YUVO PAYI@QPUJW\NXIEXTVO	<
[VE@S
]J\\RBQ_IT2JAYS@Q]ARVjV_XNXQW; 	^UCSOASLVZ_[RJ_Q^F@YBY]ON[OA		@TP]ANE, \RVXFHOA 	B@TKJAICXJRV]GIOA.
]^ANQII CDPFVO

< _SX^HKJ\\RB,B\	QNF	&^QVANLC	SXIBYCDXHX	[YWPN\ATDNLY @@BDSQ3	RACXB]]@T_@@C_IGHOJ\@UAC]C\]@	G3QI]QF@OA\\O[OA
=L^NXJ_I CDP;KZINV[3PUJW\NXDEJ^K_G]\GUA	NKVZ^_XXNXTVRUMT\N	 &
SLSY\@@T@VRTVO QAYI@Q		LVX]@@A,F@[\N[YARI\KN]@S=
QNXVOA\\O&RZ[[VNP2
AICXJ	]UCRWZJ\C@SBOVWHCEXJXJ NMHZ[O[	
j	SXIGZ _V_NMIOA 	C@TKJXIBZ_V 3[YUO[NK@_WPO@@R+
CNVGOARI\K3@[W]O	nHOJ\@U]QV@W^ WXANIAZPC^FZ@UNI]H[B	,AEJ^N\A@NJNI\]@T^@@C_ITJ^K\@@N&NKTBOV@KCCS_V3 P[VC]@_WP2][JQI/QAYI@QPVJW]QCDC[QRVXOOR[VJ@Q YER\URVQW; 	]UCWRRUNER]@@TAVRTVOUCRRSUNjOVTVQIVYTJUR@N 3]]X@@KCCSnBMYF@R	
 <	C@TKJBIB@X]J]\NACXJ\E[_KJ	QQ JEDF	&]QVES_E @QQ_V^NMIOAQV@S^E
,IBDF	RVNFIS[AUN
A8IQI[L_VYTJU/]UE[YA
	1A^@@C_IGKOJ]XEHSSO[LSQY[[LD_I]XWAU^[[3PVJWXSK_QPWXW@@NKNI\]@MJW]SJ_QC;	RVZ[[
ACNB\AZLE
,H[F@]@NFIS[<HU@NKLP%
TAVRTVO RAYHX@_ARB	XIGRBDZPVO	AYR@__NP2
BIGEYHX JAYSUNER]@@IBEXHX
&
ACZ_NLEY]\ZX_QW%		D[YSUNB\AZ1^\OVXT 7^NMIOA 	@@TS\X\RVQFJ^O]CX\OHOA SX_SDO	nKOJX]FUA_SX^E AQQ_V
OJ]]GUA3LQDOXIQZCLJHX
	<		@NKREY]\Z%BJ^IJ(KNI\]@T]@@BG^CDDF
	UCVSTN]@T]@PNXKJFG/RAYM]B@SY^NXJ_QPVXW@@NAYH]C@SZ2XIEGJ^X\@\TUUA	.E[OVR_QZCL7UC[RVU,ER]@@TBVRUN[I\\[[QVDS\VQX@@]QNY]LAR	
 <	@@TVYANQNXHX KAYSUN@TVXANnJ^LARUCARSITQ@SS3XIDHX\@\T(HZTACQ	V7AQQ_V]NMHW[RI\_NPJWYSL@A^_VNVF@TOA
	1A]@@GBZQ	CNVGUA^SX^E@@BB[Q/UCUOAQVSS^_JANE, ^RV\
UARSI],]IPLJ
4E
VXW@@NHNIX@Z\KJQQFGYSNT\N AC]K^]@S=
 QNZTJ\\NP[VC@SY_NXJ_QIVRUJX\N<QV@NL\JWNSJCBIQ3	PAC\@SS^V7\TQXIIT2KAYSUNERY^SBK_IAXWDY[DIRQO[ LVP^@@R+
ANVEISRO[ ]]XANQNXHXNMHSVO[1\JW]NXIQEXTKO\N	 &
QLWANSJCB4 KDJ^O

< ^SX^E BQQBDPPVO AYWMXJ^CQB	XIBS_V3 R[VA\ASB	IQI[Q	BNVGUA	NI]AWB %IBXJOJN]GIRAO[	
j	QXICQEXTK2AT]UCA
=L_NXJ_QPUXWD]XBKOASXZ^XYTTVQGJ^KUA@N 3_]Z]\SVQ
][F@]\NQ[VC@SEER\\WVQ^7OJ]@UAY[]C\@@B	,AGJ^J\N]GIR<RAZQV
@S=
QNXHX HAYWJ^J^]@ZNXNEJ]	CEDF	 UCR[UUN
A8KQIYCEDF	D[YSO[ \]XANQQ CADF(AYH@Q@TVX]]@VQW; 	_UCSO[]C\@=_PJW@R+
BNVGUA]SXZQ^]@@
CQN\SIU@ZX[[ QV@ZYE
,HYF@_@\][[	@NKRB	HQI[QXWA\Y[[,@TKJ@@QB[BVDF	&_QVABVX]]=KKGIV3 Q[VC@SY\NXNAF^_VNVCORWQNY_NPJW]ZN_QW%		F[YQSI]_N@[OVRVQ
]ZF@]\N		AYRIY_N@7@@B_IXVRFK]@]N[[3PTJW\VQB[B+Y\OOJN 3\]XAN QN\VC_D@N[VGZDW[_DO IBL]HX
	<		BNKP^VDOXIDDF	E[YSO[	SX_RDO4XVRUVONM[RSSHN_NP2
@IC	DFK]@]3FA[AYN
A8HQI[Q	ANVCMSQ[UN]\Z[[IADGOJ]TOUA	.EYOVPJCBG^RV\[[	ANKRBNXKCFG
2NMHOA
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