7FUSOSU7(N@-	I(V7
 N@U[1_],?Bn<XA\NK_@6l_/3TVO<1X@VQEF@R^[GIT<RIUQV
@S=
QNYTJ_\N		AYQM^D[ARB	XIBZBMXHX
	<		BNKS^VDO IBDQHX JAYAKUATARLE AQQAMZ\J]R@NHNINC[\WXO@@nXWB\@UAYK[C\FNLQ3QIZCDXSVO

< _SX_W[@@HDC[,EX\XWN	 &
PLVX]^NXIF[RM\@\@U	NI]@UZWDO	nKOJ]\GHOA SX__DOXIVZ\C[@\N[[	ANK@\^^]\@VQ
]YF@OBTUAISAO[=TOVPJ_QUQNZSJ]G@N<QV@P^W_ANE, ^RV]GIPO[^D\AU1WYOVXT 7^NMHSSQUN@T^_Y]RJ_Q^F@\@YY@IOA
=L\NXKCCZQRV]GHOA 	B@TU^Z^RJQ_IGHOJN^ANQSS[@QPVJWNPLDA[QXJ3AYK\_NLU_]\UVQ^+ XWA^\GITOA
	1A_@@BC[XJVM]@[3FISAYN
A8HQIZCFDF NVF@QQWI\_NPJW]RIJA[Q3	RAC]C\@NLY @@BC[Q	CNVUKUWSI\Q@SY_NXXAE_CDJHX HAYAKZG\ARLE%TQNZTVONMKTSSN@QjOVSHCC[_V3 P[VB\AQEZZ\RM,B[QNF	&^QV@R^KJXIA[	CLXTVO AYRITJ\ANLP%
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3LUXANQIYCD_HX	(AYH^C\AUB	,AGJ^K]@_[[QTSI[,]APLJ
4E
VXWA\\EUA	NI^APXWXANIEXSH^@@N 3_]Y]\SVQGJ^K]B@NJNINCU^WXO@@TAVRFHZ@X\G[OA 	@@TU_]XRJQ_IR;	NMKSOAQVCU^PDO,UQNYVJ]@[@U,ER\\RI_IDDXS%\@YNMA	.EZOVSJCAGF@_AU]NISOA		@TVZ_TRVQW; 	]UCRSSH@Q YER\\WVQ
][F@OBT\GISAO[ \]J_TRJCCIQ	ANVUK[SSI\Q@S\	7QIY_V XWB[\GNOA3LVZ]\RM_QW%		D[YRSI_@SPYW_2]RNQI/QAYH\C^]@MJW^SIFK[_VNVFHSV[I@Q	V7BQQ CDYHX	[YRSM@QPTJWNPMEK[QXJ	^UCAQTOTC\SNLC	SXIQYELXTXAR<	QVCRBOVPMCC\Q
2NMHQSSI[_NP2
@IBDXWAR^[GIT<RI[QV
@S=
QNYTJ_\N		AYQJ\DZARB	XIBZDEXHX
	<		BNKS^VDO IBD_HX JAYAKTEXARLE AQQAL^PJ]R@NHNINCZXWXO@@nXWB\@UAYK[C\FNLQ3QIZCDXSVO

< _SX_W[@@HDC[,EXRXWN	 &
PLVX]^NXIFZPC_@\@U	NI]@QWWDO	nKOJ]\GHOA SX_QDOXIVZ\I_@\N[[	ANK@\TZ]\@VQ
]YF@OBT_EISAO[=TOVPJ_QUQNZSJ]G@N<QV@P^W_ANE, ^RV]GIPO[^D\AP1SXOVXT 7^NMHSSQUN@T^PTYRJ_Q^F@\GU[NIOA
=L\NXKCCZQRV]CIOA 	B@TTQ_\RJQ_IGHOJN_NKSSS[@QPVJWNQCAC[QXJ3AYH\_NLU_]\PVQ^+ XWA^\GIQOA
	1A_@@BC[XJVM]@^3FMRAYN
A8HQIZCFDF NVBIZTQI\_NPJW]ZKJE[Q3	RAC]C\@NLY @@BGZQ	CNVUJZVQI\Q@SY_NXX@J^CDJHX HAYAJUF^ARLE%TQNYTVONMKTSSK@QjOVSHCC[_V3 P[VB\AQEZZ\RH,B_QNF	&^QV@R^KJXIFYELXTVO AYRAXBXANLP%
TBVRUJ]A@N[VBXCNLC	QXIQXK@XTXARQACN@UIV^EDOZIV[]BY@\N[[ 
3LVXANQIYCDZHX	(AYH^C\APB	,AGJ^K]@_[[QTSI^,]EQLJ
4E
VXWA\\EUA	NIYBSVWXANIEPRI^@@N 3_]Y]\SVQGJ^KYC@NJNINER_WXO@@TAVRFN]AZ\G[OA 	@@TSX\ZRJQ_IR;	NMHSOAQVCU^UDO,UQNYVJ]@^@U,ER\\RI_IDDXV%\DXNMA	.EZOVSJCAGF@XD_]CISOA		@T_PXXRVQW; 	]UCRSSH@Q YER\XVVQ
][F@OD\XOISAO[ \]JY\VBCCIQ	ANVUMSW[I\Q@S\	7QIZ_V XWB[\GKOA3LVZ]\RH_QW%		D[YRSI_@SPYWZ2]VOQI/QAYH\C^]@MJWYWNEF[_VNVF@STUI@Q	V7BQQ CDYHX	[YRWL@QPTJWNVJKC[QXJ	^UCAWSA\C\SNLC	SXIQ_KDXTXAR<	QV@RBOVPMCCYQ
2NMHQSSI^_NP2
@IBDXWAR^[GIQ<RMZQV
@S=
QNYTJ_\N		AYVOZ@XARB	XIBRJMXHX
	<		BNKS^VDO IB@^HX JAYAM]B^ARLE AQQGEYVJ]R@NHNINES_WXO@@nXWA\@UAYK[C\CNLQ3QIZCDXVVO

< _SX_W[@@HDC[,E\SXWN	 &
PLVX]^NXIA_\H_@\@U	NI]HW\WDO	nKOJ]\GHOA SX_PDOXIV\UNY@\N[[	ANK@ZS\]\@VQ
]YF@OD]XCISAO[=TOVSJ_QUQNZSJ]B@N<QV@P^WZANE, ^RV]GIPO[^D\AP1SPOVXT 7^NMHSSQUN@T ^X_TRJ_Q^F@\I[YGIOA
=L\NXKCCZQRV]CAOA 	B@TSYZZRJQ_IGHOJNXFNUSS[@QPVJWNVKDE[QXJ3AYH\_NLU_]\PVQ^+ XWA^\GIQOA
	1A_@@BC[XJVM]@^3FMZAYN
A8HQIZCFDF NVAIQVPI\_NPJW][CDD[Q3	RAC]C\@NLY @@BGRQ	CNVUMQS[I\Q@SY_NXXGA[	CDJHX HAYAM^CTARLE%TQNYTVONMKTSSK@QjOVSHCC[_V3 P[VB\AQEZZ\RI,J]IJ(KNI]AR\E@@BDYJDXHX	[YZTMZC@SS3ZIEXTKAR 	AY@Z_N@[OV@HFBYCVDF	E[YAQL]A\A@B	KQIIFEZTJO\N<NKS^E	NXHDC[_V/UCRQSI\@@SS3XIEXTI\N^@ISP<@[QV
@S=
QNYTJ_\N		AYRN[@ZARB	XIJREDDF	&]QV@R^KJ	QQDXJ	_UCAQVMXC\SNLC	PXIQYG@XTXARRACNAYEV^EDO,PJ^K]\N[YQTI\@@SZ7@@BA[CGDF	&_QV@R^DO^UJC@4CVRX
	<		ANKS^UDO	
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&@TWDOXIA\CGDF3AYRK\C\BNLP%
T@VRUJ]C@UKTSSJ3J]SX	,AFJ^K]@^@UAC]F\CR^KJQQ	JB_TVO

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< _SX_W[@@HDC[,MZF@R	
 <	C@TWX_@@IBA\PC]@@N[VJ]CR^E
,HYF@\@\][[ QVHPB	IQII@L\TJO\NQ[VQ^BZZWJAN QNJVIUD\\UUA ,]Y]@@QQDDXWVO&
AC]A\AR]E
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4E
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A8KQIZCEDF	 UCQSSUNEROYZNCC[_V^NM[V[WI\CN]@T]@@QFSCDXFVO&NI^ANL\JW^UJCJG%NVFKSSS@@Q	V7@QQ CD[VOB[\FH<TZ[VNP2
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NI^FR\ KJ	
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	1A^@@BC[_V
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	1A^@@BC[_V
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=L^NXKCCXL_VZSJ\F3YG[YA
	1A^@@BC[_V
OJ_ZCLSSO[LT__TRVQW; 	]UCRSSH@Q YERX\NXDGJ^X\@X\GIAOAPLEY]XRJCQG\RVNFIWSSIN_N[8XIA[QF@_G\]AUA,@TUX]]TVQW; 	_UCRSSJ_NCU^Q7X]@@QW%		E[YRSI^_N][U\UJC_IAXWCT_EIOA
=L\NXKCCZQRVYFUA_SXLW__\RX_QPVXWR]\@KSSAUNERO]RMAC[_V/AYQI@Q@TPX\ZNXA,F@\B\\FOOA
=L^NXKCCXL_VZSJ\A3]EOAY[	
j	PXIB[AXJRV_ALUTSI@QGER\YRBECG/RAYH\C]]@PNXKAEG^RVNDMTQSIN_N@ZOV@IGDYCVDF	F[YAPM[A\A@B=IFXHXNVENSRRUN1\JW]PJCBZQ3	PAC]C\BBU_]]T%FKIV3 Q[VB\APBNXOCKZCXJNMMVZPI@Q	V7BQQ CDYHX	[YV[UNERO]PCEC[_V^NM[RQZO\CN]@T]@@QBYEDXFVO&NI^ANL\JW^UJBEG%NVFKSSRO@Q	V7@QQ CD[VOB[\FO<VZ[VNP2
AIBDXVVOUCVQ[J\C@SBOVVMCE[Q3	RAC]C\@NLY @@FJG^RVNFJQ[SIN_N@ZOV@K@ASCVDF	F[YARJ^K\A@B=IFXHXNVENSRUUN1\JW]PJCB]Q3	PAC]C\BBU_]\Q%JKIV3 Q[VB\APBNXKKAYCDDF
	UCRSSO[C@SS3ZIEXTKAR 	AY@T_N@[OV@HFD]CVDF	E[YAQL[E\A@B	KQIIFC^TJO\N<NKS^E	NXHDC[_V/UCRQSI\@@SS3XIEXTI\N^@ISP<@UQV
@S=
QNYTJ_\N		AYRA[BTARB	XIB[AMXHX
	<		BNKS^VDO IJMDF	D[YAQO\K\A@B	HQIIEDPTJO\NR[VQ^GRVWJAN4C F@\@@NAYQN\C_]@
G2XIBYCD[HX
	<		@NKS^TANPMCCRnKEJ^O

< ^SX_WZANQQ BFXQJ]\NAC[F\CRB	,AEJ^K]@]@UNIT@NLC	QXIQY@FXTXARQACNA\BP^EDOZIVZTI_@\N[[ 
3LUXANQIYCDQHX	(AYH^C\A[B	,AGJ^K]@_[[QTSIU,TA@TNE
,HZF@\@\^[[[VB\ITVWDOIDG^VJAR	
 <	@@TWX\@@]QNPTVO PAY[^C\AR^KJAIQFXTJ]@N@U]QVSP^WX]NNX_,	OJ^\[[
AC^D\A[B=QQ ADXTCAR	
 <	B@TWX^NXAD[J+PWXWN	 &
PLVX]^NXIEY]J^@\@U	NI[FZ[KJ
4E
UXWA\\FUA	NKZ]E @QQADQRJ]R@NKNINCRWWXO@@TBVRFH]IZ\G[OA 3PER_\NXIACXTCAR	<
[VB^AR^KJ
4E
WXWA\\DOAQN\CU.Z\]O	nHOJ]\GKOAQV@S[ WX]@@
CQN_RN^@@N 3_]Y]\SVQGJ^B_\NP[VQ^ATZWJANQNJVJ[D\\UUA]SXLW^Y\RX_Q^7NVEIOA
NI^FR^KJ	
,IEZTJ]I@N 3]]Y]\Q_QYCDQ;BXRVU,ER\\RH_QIVRUH[C_\GUA	NKZ^TXANE, \RV]GIROA		@TRDOXIVZUL]@\N[[	ANK@\QX]\@VQ
]YF@OB]ZGISAO[=TOVPJ_QUQNZSJ]I@N<QV@P^WQANE, ^RV]GIPO[^D\A[1SJW@R+
BNVFISQO[	SX_U^Y\RVQFJ^MTBT\[[3PVJW]RJB_I]XWHX@U_QVSP__X]NNXDFJ^X_A^TGIAOASLEZ\^ZJCQG
%	UCQSO[NKPYWQAN4XVRUH]@\U[[3PTJW]RJ@GACXTC2H[NMA	.EZOVSJCAGF@\C_UBISOA		@TT^[\NXT 7]NMHSSRUN	]PZ@@T@VRFH_BX\G[OA 	C@TUZ_XRJQ_IGKOJN^EKWSS[@Q j		@@ACGJ^HZ@\U[[	3SX_WX]UNXT 7_NMHSSP@Q^FR^8P[NXQW; 	^UCRSSK@Q		LV[]]RJC_IAXWH^]NIOA
=L\NXKCCZQRVTAUA_SXLVQ_\RX_QPVXWR^]NKSSAUNERO^SCAC[_V/AYQI@Q@TPX]UNXA,F@\B\\G@OA
=L^NXKCCXL_VZSJ]I3TN[YA
	1A^@@BC[_V
OJ]XF@RSSUN]P[ZVJ_QW%		F[YRSI]_NPJWT[VQ
][F@OB^TOISAO[ \]J_^ZBCCIQ	ANVUKQ[[I\Q@S\	7QIY_V XWB[\G@OA3LVZ]\RC_QW%		D[YRSI_@SPYWQ2TZXIIT2KAYRI\A@SEER\_UBJC[QRVTBHWSO[	
j	SXIB[BXJ NMA[OAQLEZ_YTJCQG_RVNEKVUSIN_N@YOV@HAF]CVDF3AC^C@S
]ZZ\RC_QC7OJ]^GISZO[	
j	QXIB[@	DFHZ@]](NWAYN
A8HQIZCFDF NVO@ZSSI@QGER[YVCC_IT2HAYRI\B@SCOVUN_QPWXWR]TGASSAUNERO]ZJKC[_V]NM[R[SA\CN]@Z2QQCXJOJ^[GHROA.
]Y_\RKB_IT2JAYRI\@]@\WX^3[NQI/QAYH\C^]@MJW]TI@F[_VNVNMPRSUN
A8KQIZCEDF	 UCZWO[ ]]J_XVBCCIQ	BNVUKWW[I\Q@SY\NXXAG_	CDJHX([VB\]@QER_[RJ@_IU;	RV]EISSPUN
A8IQIZCGHX_G\\D&ZVACQ	V7AQQ CDZHXNMHUTZK\C@SBOV[OKK[Q3	RAC]C\@NLY @@JFG^RVNEM[SSIN_N@ZOV@HGK[CVDF	F[YAQMTC\A@B=IEXHXNVENSSPUN1\JW]PJCCXQ3	PAC]C\BBU_]\T%BAYIJ(KNI]AR\E@@@@X KDXHX	[YRWJ\D\]@S=
 QNYTJ\\N AC]A^]@T_@@Q@XGDXFVO QAY[_@XER^KJBIQG[PN]@N@U
&@TRDOXIA\CBDF3AYRK\C\GNLP%
T@VRUJ]C@UKTSSO3B^B@TNE
,HZF@\@\^[[[V@X@RVWDOIB@]TJ]\N	 &
SLVX]]NXTVRUH^\NP[VQ_BUXWJANQNJWIZF\\UUA]SXLT_[\RX_Q^7NVFLOA
NI^FR^KJ	
,IEZTJ]F@N 3]]Y]\Q_QYCD^;K_@NV[3PUJW]RJA_ITJ^I\GT]GIOASX_^Z[\NXT 7]NMHSSRUN	]Y_\NXDGJ^X^BT\GIAOAPLE[_TRJCQG\RVNDK[SSIN_N[8XIB^QF@_G\\AUA,@TUX]\TVQW; 	_UCRSSJ_NCU^Q7\^SXIIT2KAYRI\A@SEER^^WNAC[QRV]CHRUSUN
A8KQIZCEDF	 UCRQRUNERO_QKAC[_V^NM[PPRK\CN]@T]@@Q@X ADXFVO&NI]DNL\JW^UJCEG%NVFKSSSO@Q	V7@QQ CD[VOB[\GO<RQONISS3YIEXTHAR	[YPULZD\ANLE@@BF[	EDDF	&]QV@R^KJ	QQ ABDF	D[YAPM[A\A@B	HQIIGCZTJO\NR[VQ_EU\WJAN4C F@\E@NAYQN\CZ]@
G2XIBYCD^HX
	<		@NKS^TANPMCC]nBF_F@R	
 <	C@TWX_@@I@C\UL]@@N[VBYCZZKJ
4E
UXWA\\FUA	NKS\KJ@IQG]TN]@N@U^QVSQ[SX]NNXDEJ^X^E\XGIAOA.AJW]WVQIF_TJ[\N<
NI]CR^QDO	nIOJ]\GJOAK[C\G=_SJW@R+
BNVFISQO[	SX]^Y^\RVQFJ^KYFUXGUA	.EYOVSJCBGOJ]^CUA_SXLSXU\RX_QPVXWR_XGASSAUNERO_VJKC[_V/AYRL@Q@TPX]ZNXA,F@\B\\GOOA
=L^NXKCCXL_VZSJ]F3]ELAY[	
j	PXIB[AXJRV_BNPPSI@QGER\XZBJCG/RAYH\C]]@PNXKAFG^RVNDMWSSIN_N@ZOV@IGG[CVDF	F[YAPMXC\A@B=IE]HXNVENSSUUN1\JW]PJCC]Q3	PAC]C\BBU_]\T%BASIJ(KNI]AR\E@@@KY	CDXHX	[YRVMT@\]@S=
 QNYTJ\\N AC]AT]@T_@@Q@^EDXFVO QAY[_F_GR^KJBIQG]WL]@N@U
&@TRDOXIA\CBDF3AYRK\C\GNLP%
T@VRUJ]C@UKTSSO3B^H@TNE
,HZF@\@\^[[[V@U@WWWDOIBA^\N]\N	 &
SLVX]]NXTVRUHT\NP[VQ_DTVWJANQNJWO[H\\UUA]SXLR^U\RX_Q^7NVFLOA
NI^FR^KJ	
,IEZTJ]F@N 3]]Y]\Q_QYCEZ;IURVU,ER\\RH_QIVRVJ^F\\[[QVCWXWDO	nKOJ]\GHOA SX]KJ@IQB]RJ]R@NKNINGWXWJAN QNJRO[@\N[[ 
3LUXANQIYCEZHX	(AYH^C\@PB	,AGJ^K]@_[[QTSH^,_H@TNE
,HZF@\@\^[[[VA]EZ^KJQQEA_TVO

< ]SX_WYANIGQHX JAYAOTK\A@B	HQIIKLXTXARRACNETIR^KJ,
EVRVJARUCQTSH^_NE8	NXKAC[ AXJ(JNI]AR]HKJ_[RK@,ZKVRX
	<		ANKS^UDO	
QIYECYTJAR AYH]DXERB	,AEJ^K]@]@UNI]AZB	IQIIKM^TJO\NQ[VQ^I[XWJAN QNJVBTF\\UUA ,]Z]@@QQDDYWVO&
AC]A\AS]E
,H[F@\@\_
UAQTI]A3BRLJ
4E
VXWA\\EUA	NI]CTVWDOIBLPPJAR	
 <	@@TWX\@@]QN[TVO PAY[XC\ARLE AQQGDXTJO\NR[VQXAR^EDO,PJ^H]\N[YQTI]A@SZ7@@BA[BFDF	&_QV@R^DO^UJBA4BVRX
	<		ANKS^UDO	
QIZFFXTVO AYR@ZF\]@S=
 QNYTJ\\N AC_B@SY^NXXG@YCVDF	E[YAWJ^C\SNLC	SXIQ_ADXFVO&NI^ANL\JW^UJBAG%NVFKSSRK@Q	V7@QQ CD[VOB[\FK<PQ[VNP2
AIBDXVVOUCRWP@\C@SBOVPJGK[Q3	RAC]C\@NLY @@@AG^RVNCOWSS[@QPUJWNVLGC[_V]NM[WUWI\Q@S\	7QIY_V XWB[\FKOA3LVZ]\SH_QW%		D[YRSI_@SPYVZ2_QXIIT2KAYRI\A@SEER\YQJCCGOJ^]DKSOA
	1A]@@BC[ _VNVDJOA 	B@TSQ[\RX_QPVXWRXUAISAO[ _]JYUTJCQG
%	UCQSO[NKPYVZAN4XVRUH]@]^[[3PTJW]RJ@GACXUH2CXNMA	.EZOVSJCAGF@\F^XGIOASX\V_]@@R+
ANVFISRO[ LT\ANQNJQHU@\N[[	ANK@[_X]NNXDEJ^XXBT\G[OA 3PER_\NXIACXUHAR	<
[VB^AR_KJ
4E
WXWA\\DOAQN\B^.Q[]O	nHOJ]\GKOAQV@U\WXANIF[TI]\N	 &
SLVX]]NXTVRWOARPACNFZAR^KJAIQA^TJ]R@NHNINDT^WJAN4C F@_@@NAYQN\B^]@
G2XIBYCEZHX
	<		@NKS^TANPMCBYn@BJ^O

< ^SX_WZANQQ KF[TJAR AYK_J\ANLP%
TBVRUJ]A@N[V@Z]@T_@@QFRCDJHX KAYALUA\A@B	KQIIJFXTXAR<	QVCRBOVPMCBYQ
2NMHQSSH^_NP2
@IBDXWAR^[GHQ<PNNISS3YIEXTHAR	[YRZKTC\]@ZNXHGDS_V3 R[VB\ASB	XI@\Q	CNVUOQWSIN_N@ZOV@LAG[QXJ	]UCAUQM\CN]@Z2QQCXJOJ^[GHQOA.
]Y_\RKA_IT2JAYRI\@]@\WXU3SLGQQJQ3	QAC]C\CNLPOVZKCDYCXJNMKPVVM\_NP2
BIBDXUVO	AYROX_N@[OV@NEKSCVDF	E[YAWOTK\A@B	KQIIELPTJO\N<NKP^E	NXHDC[	_V/UCRQSI\K@SS3XIEXTI\N^@IS[<HZFNKLP%
TAVRUJ]B@NAYA^E_CR^EQIYKD\TVO

< ]SX_WYANIE^QVO PAY[XD^AR^KJAIQ@_VJ]@N@U]QVSVYWX]NNX_,	OJ^\[[
AC^D\AZB=QQ ADXTBAR	
 <	B@TWX^NXAD[K+YRLOJN 3\]Y]\PVQAQNPPH\E\\[[QVCV^ RXANE, \RV]GIROA		@TQ^ANQNJPMXB\\UUA^SXLP]_\RX_QPUXWRX[BKSSAUN1GNXHC_IXVRVM]@T@U&NKS\WXU@@R+
CNVFISPUNA[ARVjV^ZNXQW; 	^UCRSSK@Q		L_]U^SJC_IAXWBX_GNSOA
	1A]@@BC[ _VNVFOTOAQLE\ZTVJCQG_RVNCN[WSIN_N@YOV@NDK_CVDF3AC^C@S
]ZZ\RB_QC7OJ]^GIS[O[	
j	QXIB[@	DFHZ@\T(HUSACQ	V7AQQ CDZHXNMNVSVL\C@SBOVPHFD[_V3 R[VB\ASB	XIB]_V_NM[WVUI\CN]@T^@@QG^CDXFVO RAY[XFZAR^KJ,
EVRVJARUCQTSIT_NE8	NXKAC[KXJ(JNI]AR]HKJ_[RJK,ZBVRX
	<		ANKS^UDO	
QI\FF^TJAR AYK^K]ERB	,AEJ^K]@]@UNI]GSB	IQIIFMZTJO\NQ[VQXD[\WJAN QNJPOTB\\UUA ,]Z]@@QQDDX\VO&
AC]A\ARVE
,H[F@\@\_
UAQTI\K3@T\]O	nHOJ]\GKOAQVFZ^^X]@@
CQNZWJXI\@U,ER\\RK_QTF@\F^@U_QVSVXSX]NNXDFJ^XYF^XGIAOASLE\[^VJCQG
%	UCQSO[NKPYWPAN4XVRUH]@\T[[3PTJW]RJ@GACXTB2AZ_UCA
=L_NXKCCYQXWGUYDMSSO[LU[^\TJ_QW%		F[YRSI]_NPJW]TI_QPWXWRXZBOSSAUNEROXTOEC[_V]NM[WUVO\CN]@Z2QQCXJOJ^[GI[OA.
]Y_\RJK_IT2JAYRI\@]@\WXU3SLKQQJQ3	QAC]C\CNLPOVZMGGRCXJNMKWVUH\_NP2
BIBDXUVO	AYROT_N@[OV@NKB]CVDF	E[YAWA]E\A@B	KQIIKE^TJO\N<NKP^E	NXHDC[	_V/UCRQSI\K@SS3XIEXTI\N^@IS[<HZJNKLP%
TAVRUJ]B@NAYAUB\AR^EQIYKE^TVO

< ]SX_WYANIE^]VO PAY[XKXIR^KJAIQ@PPB]@N@U]QVSVV_X]NNX_,	OJ^\[[
AC^D\AZB=QQ ADXTBAR	
 <	B@TWX^NXAD[ B+YVBOJN 3\]Y]\PVQAQN[\HU@\\[[QV@WZTXANE, \RV]GIROA		@TUPANQNJWO^F\\UUA^SXLR[[\RX_QPUXWR_YDOSSAUN1GNXHC_IXVRVM]A]@U&NKS\WY\@@R+
CNVFISPUNA[AS_jVZTNXQW; 	^UCRSSK@Q		LTQ\Y[JC_IAXWAYZOMSOA
	1A]@@BC[ _VNVFKZOAQLE[XZZJCQG_RVNDLU[SIN_N@YOV@IFESCVDF3AC^C@S
]ZZ\SK_QC7OJ]^GIRRO[	
j	QXIB[@	DFHZ@]Y(HU[ACQ	V7AQQ CDZHXNMATWW@\C@SBOVPNFEZ_V3 R[VB\ASB	XIB]	_V_NM[W[RO\CN]@T^@@QGS EDXFVO RAY[XK]GR^KJ,
EVRVJARUCQTSHY_NE8	NXKAC[ FXJ(JNI]AR]HKJ_[RKF,ZJVRX
	<		ANKS^UDO	
QISBDXTJAR AYKXK]GRB	,AEJ^K]@]@UNI]G[B	IQIIK@PTJO\NQ[VQXIVVWJAN QNJPBYH\\UUA ,]Z]@@QQDDYQVO&
AC]A\AS[E
,H[F@\@\_
UAQTI]F3@TX]O	nHOJ]\GKOAQVIV\RX]@@
CQNZPJXE\@U,ER\\RK_QTF@\FZ@U_QVSVY UX]NNXDFJ^XYGY^GIAOASLE\ZYPJCQG
%	UCQSO[NKPYV]AN4XVRUH]@]Y[[3PTJW]RJ@GACXUO2AZ[UCA
=L_NXKCCYQXWHYTEHSSO[LU\^\UJ_QW%		F[YRSI]_NPJW]TM_QPWXWRX[OMSSAUNEROXUBGC[_V]NM[WT[M\CN]@Z2QQCXJOJ^[GHVOA.
]Y_\RKF_IT2JAYRI\@]@\WYX3SLGQQJQ3	QAC]C\CNLPOVZKCDYCXJNMKPVVM\_NP2
BIBDXUVO	AYROX_N@[OV@NEKSCVDF	E[YAWOTK\A@B	KQIIELPTJO\N<NKP^E	NXHDCZ_V/UCRQSI]F@SS3XIEXTI\N^@IRV<HZFNKLP%
TAVRUJ]B@NAYA^E_CR^EQIYKD\TVO

< ]SX_WYANIE^QVO PAY[XD^AR^KJAIQ@_VJ]@N@U]QVSVYWX]NNX_,	OJ^\[[
AC^D\@WB=QQ ADXUOAR	
 <	B@TWX^NXAD[ F+YRHOJN 3\]Y]\PVQAQN_\J\I\\[[QVCQ^ ^XANE, \RV]GIROA		@TQZANQNJPL_D\\UUA^SXLQZY\RX_QPUXWRXZEMSSAUN1GNXHC_IXVRVM]AY@U&NKS\WYX@@R+
CNVFISPUNA[AS[jV^^NXQW; 	^UCRSSK@Q		LPQX_VJC_IAXWB__GOSOA
	1A]@@BC[ _VNVFOPOAQLE\[YTJCQG_RVNCOVUSIN_N@YOV@NEF]CVDF3AC^C@S
]ZZ\SO_QC7OJ]^GIRVO[	
j	QXIB[@	DFHZ@]Y(HUSACQ	V7AQQ CDZHXNMNVSVL\C@SBOVPHFD[_V3 R[VB\ASB	XIB]_V_NM[WVUI\CN]@T^@@QG^CDXFVO RAY[XFZAR^KJ,
EVRVJARUCQTSHY_NE8	NXKAC[ FXJ(JNI]AR]HKJ_[RKF,ZBVRX
	<		ANKS^UDO	
QI\FF^TJAR AYK^K]ERB	,AEJ^K]@]@UNI]GSB	IQIIFMZTJO\NQ[VQXD[\WJAN QNJPOTB\\UUA ,]Z]@@QQDDYQVO&
AC]A\AS[E
,H[F@\@\_
UAQTI]B3DQLJ
4E
VXWA\\EUA	NIX@VXWDOIGD\WJAR	
 <	@@TWX\@@]QN]WVO PAY[]B_GR^KJAIQEYWL]@N@U]QVSS_QX]NNX_,	OJ^\[[
AC^D\@SB=QQ ADXUKAR	
 <	B@TWX^NXAD[ B+]VXWN	 &
PLVX]^NXIGQSN]@@N[V@UBU^E
,HYF@\@\][[ QVDPB	IQII BD\TJO\NQ[VQ]@RZWJAN QNJUK]D\\UUA ,]Z]@@QQDDYUVO&
AC]A\AS_E
,H[F@\@\_
UAQTI]B3DSLJ
4E
VXWA\\EUA	NI_IRYWDOI@L[VJAR	
 <	@@TWX\@@]QN]UVO PAY[]C[CR^KJAIQEXSH]@N@U]QVSS^UX]NNX_,	OJ^\[[
AC^D\@SB=QQ ADXUKAR	
 <	B@TWX^NXAD[ B+]TXWN	 &
PLVX]^NXIG^PO]@@N[V@[CZ^E
,HYF@\@\][[ QVDRB	IQII C@XTJO\NQ[VQ]AV^WJAN QNJUJY@\\UUA ,]Z]@@QQDDYUVO&
AC]A\AS_E
,H[F@\@\_
UAQTI]B3DULJ
4E
VXWA\\EUA	NIXIZZWDOIG@PUJAR	
 <	@@TWX\@@]QN]SVO PAY[]AZER^KJAIQEZRN]@N@U]QVSS\SX]NNX_,	OJ^\[[
AC^D\@SB=QQ ADXUKAR	
 <	B@TWX^NXAD[ B+]RXWN	 &
PLVX]^NXI@^]H]@@N[VG_FR^E
,HYF@\@\][[ QVDTB	IQII AGZTJO\NQ[VQ]CQ\WJAN QNJUH^B\\UUA ,]Z]@@QQDDYUVO&
AC]A\AS_E
,H[F@\@\_
UAQTI]B3DWLJ
4E
VXWA\\EUA	NIXDR[WDOIGF^TJAR	
 <	@@TWX\@@]QN]QVO PAY[]A\AR^KJAIQEZTJ]@N@U]QVSS\WX]NNX_,	OJ^\[[
AC^D\@SB=QQ ADXUKAR	
 <	B@TWX^NXAD[ B+]PXWN	 &
PLVX]^NXI@[VI]@@N[VG]DS^E
,HYF@\@\][[ QVDVB	IQII BBPTJO\NQ[VQ]@TVWJAN QNJUK[H\\UUA ,]Z]@@QQDDYUVO&
AC]A\AS_E
,H[F@\@\_
UAQTI]B3D[LJ
4E
VXWA\\EUA	NIYCZ]WDOIGCXRJAR	
 <	@@TWX\@@]QN]]VO PAY[]@^IR^KJAIQE[VB]@N@U]QVSS]_X]NNX_,	OJ^\[[
AC^D\@SB=QQ ADXUKAR	
 <	B@TWX^NXAD[ B+]\XWN	 &
PLVX]^NXIAX\K]@@N[VGYHQ^E
,HYF@\@\][[ QVDZB	IQII AM^TJO\NQ[VQ]C[XWJAN QNJUHTF\\UUA ,]Z]@@QQDDYUVO&
AC]A\AS_E
,H[F@\@\_
UAQTI^F3@T]]O	nHOJ]\GKOAQVF[[SX]@@
CQNZWI]F\@U,ER\\RK_QTF@\F_@U_QVSVX QX]NNXDFJ^XYFYZGIAOASLE\[YTJCQG
%	UCQSO[NKPYU]AN4XVRUH]@^Y[[3PTJW]RJ@GACXVO2AZ^UCA
=L_NXKCCYQXWGT\F@SSO[LU[]Y[J_QW%		F[YRSI]_NPJW]TH_QPWXWRXZEMSSAUNEROXTHGC[_V]NM[WUQM\CN]@Z2QQCXJOJ^[GKVOA.
]Y_\RHF_IT2JAYRI\@]@\WZX3SLBQQJQ3	QAC]C\CNLPOVULFA]CXJNMKQ[RM\_NP2
BIBDXUVO	AYRO]_N@[OV@NFJYCVDF	E[YAWLUA\A@B	KQIIFMZTJO\N<NKP^E	NXHDCY_V/UCRQSI^F@SS3XIEXTI\N^@IQV<HZCNKLP%
TAVRUJ]B@NAYNYCYDR^EQIYFCXTVO

< ]SX_WYANIE^TVO PAY[XFZAR^KJAIQ@]RJ]@N@U]QVSV[WX]NNX_,	OJ^\[[
AC^D\CWB=QQ ADXVOAR	
 <	B@TWX^NXAD[F+YRMOJN 3\]Y]\PVQAQNPQB_A\\[[QVCV]PXANE, \RV]GIROA		@TQ_ANQNJPMUD\\UUA^SXLPPY\RX_QPUXWRX[OMSSAUN1GNXHC_IXVRVM]BY@U&NKS\WZX@@R+
CNVFISPUNA[AP[jV^[NXQW; 	^UCRSSK@Q		L_\_]WJC_IAXWBX\BLSOA
	1A]@@BC[ _VNVFOUOAQLE\ZYPJCQG_RVNCNVQSIN_N@YOV@NDFYCVDF3AC^C@S
]ZZ\PO_QC7OJ]^GIQVO[	
j	QXIB[@	DFHZ@\Z(LZAYN
A8HQIZCFDF NVBK[PSI@QGERY[RLC_IT2HAYRI\B@SCOVWC_QPWXWR]_EASSAUNERO]QHKC[_V]NM[RPQA\CN]@Z2QQ FXJOJ^[GIUOA.
]Y_\RJE_IT2JAYRI\@]@\WX[3WBQI/QAYH\C^]@MJWYRBBC[QRVXB@PSO[	
j	SXIB[BXJ NML[OAQLEY_UTJCQG_RVNFKZUSIN_N@YOV@KAJ]CVDF3AC]F@S
]ZZ\RL_QC7OJ]^GISUO[	
j	QXIB[@	DFHZ@\Z(LTAYN
A8HQIZCFDF NVCA[WSI@QGERYXZKC_IT2HAYRI\B@SCOVWM_QPWXWR]^AMSSAUNERO]PLGC[_V]NM[RQUM\CN]@Z2QQ FXJOJ^[GIUOA.
]Y_\RJE_IT2JAYRI\@]@\WX[3WLQI/QAYH\C^]@MJWXTCAC[QRVXDNSSO[	
j	SXIB[BXJ NMLUOAQLEY__PJCQG_RVNFKPQSIN_N@YOV@KA@YCVDF3AC]F@S
]ZZ\RL_QC7OJ]^GISUO[	
j	QXIB[@	DFHZ@\Z(LVAYN
A8HQIZCFDF NVCLSVSI@QGERY^TJC_IT2HAYRI\B@SCOVWO_QPWXWR]^GISSAUNERO]PJCC[_V]NM[RQSI\CN]@Z2QQ FXJOJ^[GIUOA.
]Y_\RJE_IT2JAYRI\@]@\WX[3WNQI/QAYH\C^]@MJWXQH@C[QRVXFLRSO[	
j	SXIB[BXJ NMLWOAQLEY\ZZJCQG_RVNFHU[SIN_N@YOV@KBESCVDF3AC]F@S
]ZZ\RL_QC7OJ]^GISUO[	
j	QXIB[@	DFHZ@\Z(LPAYN
A8HQIZCFDF NVCHWUSI@QGERY\VIC_IT2HAYRI\B@SCOVWI_QPWXWR]]DOSSAUNERO]SIEC[_V]NM[RRPO\CN]@Z2QQ FXJOJ^[GIUOA.
]Y_\RJE_IT2JAYRI\@]@\WX[3WHQI/QAYH\C^]@MJW_[MGC[QRV_NJTSO[	
j	SXIB[BXJ NMLQOAQLEY\\VJCQG_RVNFHSWSIN_N@YOV@KBC_CVDF3AC]F@S
]ZZ\RL_QC7OJ]^GISUO[	
j	QXIB[@	DFHZ@\Z(LRAYN
A8HQIZCFDF NVDASTSI@QGER^TQHC_IT2HAYRI\B@SCOVWK_QPWXWR]\@KSSAUNERO]RMAC[_V]NM[RSTK\CN]@Z2QQ FXJOJ^[GIUOA.
]Y_\RJE_IT2JAYRI\@]@\WX[3WJQI/QAYH\C^]@MJW_TNFC[QRV_@K[SO[	
j	SXIB[BXJ NMLSOAQLEY]XRJCQG_RVNFIWSSIN_N@YOV@KCG[CVDF3AC]F@S
]ZZ\RL_QC7OJ]^GISUO[	
j	QXIB[@	DFHZ@]_(HTPACQ	V7AQQ CDZHXNM@VZWK\C@SBOVPOKFZ_V3 R[VB\ASB	XIB\_V_NM[WZTO\CN]@T^@@QGREDXFVO RAY[XJ[GR^KJ,
EVRVJARUCQTSH__NE8	NXKAC[ @XJ(JNI]AR]HKJ_[RHE,ZKVRX
	<		ANKS^UDO	
QIYECYTJAR AYH]DXERB	,AEJ^K]@]@UNI]AZB	IQIIKM^TJO\NQ[VQ^I[XWJAN QNJVBTF\\UUA ,]Z]@@QQDDZRVO&
AC]A\APXE
,H[F@\@\_
UAQTI^E3@RW]O	nHOJ]\GKOAQVCV\PX]@@
CQNYUC\I\@U,ER\\RK_QTF@\@U@U_QVSPW_X]NNXDFJ^X_I^TGIAOASLEZT^ZJCQG
%	UCQSO[NKPYU^AN4XVRUH]@^Z[[3PTJW]RJ@GACXVL2A\ZUCA
=L_NXKCCYQXWB^XNKSSO[LVY^U[J_QW%		F[YRSI]_NPJW]RL_QPWXWR^TDKSSAUNERO^ZIAC[_V]NM[Q[PK\CN]@Z2QQCXJOJ^[GKUOA.
]Y_\RHE_IT2JAYRI\@]@\WZ[3SJDQQJQ3	QAC]C\CNLPOVPICD]CXJNMHRVTH\_NP2
BIBDXUVO	AYRI[_N@[OV@HKE_CVDF	E[YAQAZG\A@B	KQIIKB\TJO\N<NKP^E	NXHDCY_V/UCRQSI^E@SS3XIEXTI\N^@IQU<H\GNKLP%
TAVRUJ]B@NAYK]@YIR^EQIZ CAPTVO

< ]SX_WYANIEXPVO PAY[^DZIR^KJAIQF_RB]@N@U]QVSPY_X]NNX_,	OJ^\[[
AC^D\CTB=QQ ADXVLAR	
 <	B@TWX^NXAD[E+YTOOJN 3\]Y]\PVQAQNZUC\I\\[[QV@S\_XANE, \RV]GIROA		@TW]ANQNJVB]@\\UUA^SXL_X]\RX_QPUXWR^TGISSAUN1GNXHC_IXVRVM]BZ@U&NKS\WZ[@@R+
CNVFISPUNA[APXjVX_NXQW; 	^UCRSSK@Q		LUX_Z[JC_IAXWA\[EJSOA
	1A]@@BC[ _VNVFIQOAQLEZZ\VJCQG_RVNENSWSIN_N@YOV@HDC_CVDF3AC^C@S
]ZZ\PL_QC7OJ]^GIQUO[	
j	QXIB[@	DFHZ@^Z(HSPACQ	V7AQQ CDZHXNMKS[SA\C@SBOVSJKJ[_V3 R[VB\ASB	XIB[_V_NM[QTPO\CN]@T^@@QA\EDXFVO RAY[^D_GR^KJ,
EVRVJARUCQTSKZ_NE8	NXKAC[EXJ(JNI]AR]HKJ_[RHE,ZCVRX
	<		ANKS^UDO	
QIZAF\TJAR AYH\@UCRB	,AEJ^K]@]@UNI]ARB	IQIIE@XTJO\NQ[VQ^GV^WJAN QNJVLY@\\UUA ,]Z]@@QQDDZRVO&
AC]A\APXE
,H[F@\@\_
UAQTI^E3@R_]O	nHOJ]\GKOAQV@[YVX]@@
CQNYTOXG\@U,ER\\RK_QTF@\@]@U_QVSPXUX]NNXDFJ^X_F[^GIAOASLEZ[[PJCQG
%	UCQSO[NKPYU^AN4XVRUH]@^Z[[3PTJW]RJ@GACXUI2A[ZUCA
=L_NXKCCYQXWA\]DJRSSUN]Z[ZVHC_IT2HAYRI\B@SCOVSME_IGIOJNYGNQSS[@QPUJWNWJDA[QXJ	]UCAVSN^C\SNLV3IADDF	RV^@IRPO[=QER\^RJB@G/PAYH\C_NLPX_Z=CQI/QAYH\C^]@MJW]QOCCGOJX^OIOA
=L\NXKCCZQRVU[[	@NK@XWXO@@TAVRFLY@\N[[	BNK@XWXO@@nXWB\@UAYK[C^GNLQ3QIZCDZRVO

< _SX_W[@@HDCY,LJ^O

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BIBDXUVO	AYRUNERO\@VQ
]ZF@O@N@U]QVSRLE%TQNZTVONMKTSQO@QjOVSHCCY_V3 P[VB\AQEZZ\PL,@IV3 Q[VB\APBNXCCCGOJ]\FIOA
=L\NXKCCZQRV_[[	@NK@_WXO@@TAVRFK[@\N[[	BNK@_WXO@@nXWB\@UAYK[C^GNLQ3QIZCDZRVO

< _SX_W[@@HDCY,FJ^O

< ^SX_WZANQQCDDF
	UCVSSUN
A8KQIZCEDF	 UCQOAQLEP]\@VQ
]ZF@OH\\UUA]SXLWXO@@nXWB\@UAYK[C^GNLQ3QIZCDZRVO

< _SX_W[@@HDCY,AJ^O

< ^SX_WZANQQGDXHX	[YQSO\_NP2
BIBDXUVO	AYVUNERO_PJCQG_RVNDKSSAUNERO_PJCQG
%	UCQSO[NKPYU^AN4XVRUH]@^Z[[3PTJW]RJ@GACXVL2DNV[3PUJW]RJA_ITJ^KT@\@U	NI]DQ^E
,HYF@\@\][[ QVENLC	QXIQYCDJHX KAYAKXC\SNLC	SXIQYCDJHX([VA\]@QER_[RHE_IU;	RV]EISQUUN
A8IQIZCGHX_G\^A&TAYN
A8HQIZCFDF NVOISSO[LTYX\NXT 7]NMHSSRUN	]_ANQNJPB]@N@U^QVSVVWJAN QNJPB]@N@U
&@TWDOXIA\ABDF3AYRK\C^GNLP%
T@VRUJ]C@UKTSQO3ENKLP%
TAVRUJ]B@NAYLZC\]@ZNXHEC[Q3	RAC]C\@NLY @@E_IGIOJNXGISAO[ \]JY\RJQ_IGKOJNXGISAO[=TOVPJ_QUQNZSJ_F@N<QV@P^U^ANE, ^RV]GIPO[^D\@Q1WQOVXT 7^NMHSSQUN@TSZZ[RJ_Q^F@\AU]NIOA
=L\NXKCCZQRV]G@OA 	B@TUQ_TRJQ_IGHOJN^NK[SS[@QPVJWNPCAK[QXJ3AYK\_NLU_]]QVQ^+ XWA^\GHPOA
	1A_@@BC[XJVM]A]3FN[AYN
A8HQIZCFDF NVFIVSWA\C@SBOVPMBD]_V3 R[VB\ASB	XIB\	_V_NM[VRPO\CN]@T^@@QFZEDXFVO RAY[YB_GR^KJ,
EVRVJARUCQTSH]_NE8	NXKAC[ BXJ(JNI]AR]HKJ_[RJK,Z	KVRX
	<		ANKS^UDO	
QIZFEQSJ]\NAC^JUBQ^E
,HYF@\@\][[ QV@ZVE @QQF@]RJ]R@NKNINDV[WXO@@TBVRFOYEZ\G[OA 3PER_\NXIACXTBAR	<
[VB^AR^KJ
4E
WXWA\\DOAQN\CT.SVERNE, _RV]GIQOANKS\T^]\RVQFJ^I]B][GUA	.EYOVSJCBGOJ]TNUA_SXL SPU\RX_QPVXWRYXOASSAUNEROYVBKC[_V/AYQI@Q@TPX]TNXA,F@\B\\GAOA
=L^NXKCCXL_VZSJ]H3]OKAY[	
j	PXIB[AXJRV]FKT[UI\_NPJW^ZHEA[Q3	RAC]C\@NLY @@BKYQ	CNVULQUWI\Q@SY_NXXFA]CDJHX HAYAL^EXARLE%TQNZTVONMKTSSA@QjOVSHCC[	_V3 P[VB\AQEZZ\RB,BSQNF	&^QV@R^KJXIBZDL_TJAR AYKTF_FRB	,AEJ^K]@]@UNI]IQB	IQIIAM^TJO\NQ[VQYC[XWJAN QNJQHTF\\UUA ,]Z]@@QQDDX\VO&
AC]A\ARVE
,H[F@\@\_
UAQTI\K3@Z^]O	nHOJ]\GKOAQV@RVQ]]\NXTVRVMZAZ\[[3PVJW]RJB_I]XWAT\[[	@NK@[WX]\@VQ
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	1A^@@BC[_V
OJ]]GARQSI@QGER_[[BKCG/RAYH\C]]@PNXKKBG^RVNBKPQSIN_N@ZOV@OA@YCVDF	F[YAVK_A\A@B=IFXHXNVENSS[UN1\JW]PJCCSQ3	PAC]C\BBU_]\Z%BK]IJ(KNI]AR\E@@BA[FFXTVO AYQ@_D\ANLP%
TBVRUJ]A@N[VBTGNLC	QXIQ^JFXTXARQACNF_HP^EDOZIV]WC_@\N[[ 
3LUXANQIYCDPHX	(AYH^C\AZB	,AGJ^K]@_[[QTSIT,]IULJ
4E
VXWA\\EUA	NI]CQ^VX]@@
CQNZ]LXA\@U,ER\\RK_QTF@\H[@U_QVSWZSX]NNXDFJ^XXD^XGIAOASLE]Y^VJCQG
%	UCQSO[NKPYWPAN4XVRUH]@\T[[3PTJW]RJ@GACXTB2ATXUCA
=L_NXKCCYQXWA]ZOHVSSUN]ZUTSIC_IT2HAYRI\B@SCOVSBG_IGIOJNYDK[SS[@QPUJWNWIAK[QXJ	]UCAVPKTC\SNLV3IADDF	RV^@IS[O[=QER\^RJCKG/PAYH\C_NLPX]T=KKFIV3 Q[VB\APBNXKBKSCDXHX	[YQZIUB\]@S=
 QNYTJ\\N AC]KY]@T_@@QFXCDXFVO QAY[Y@ZAR^KJBIQA[RJ]@N@U
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4E
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4E
VXWA\\EUA	NIYHP^WDOIFD]PJAR	
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AC]A\APXE
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4E
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4E
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AC^D\CTB=QQ ADXVLAR	
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4E
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AC^D\CTB=QQ ADXVLAR	
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AC]A\APXE
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4E
VXWA\\EUA	NI]DR[WX]@@
CQN[WK^C\@U,ER\\RK_QTF@\IU@U_QVSWV_X]NNXDFJ^XXH\TGIAOASLE]U\ZJCQG
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	UCQ[VJ[C@SS3ZIEXTKAR 	AYHT@@SY^NXXFARCDJHX KAYAL^JZARLE BQQFFQRJ]R@N
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SLVX]]NXTVRUB_\NP[VQYCTZWJANQNJQH[D\\UUA]SXL U^Y\RX_Q^7NVEIOA
NI^FR\ KJ	
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][F@OE_ZGISAO[ \]JX_TJCCIQ	ANVULPUSI\Q@S\	7QIY_V XWB[\ELOA3LVZ]\PO_QW%		D[YRSI_@SPYU]2]ZNQI/QAYH\C^]@MJW]SLKB^CXJNMK[[RJ\_NP2
BIBDXUVO	AYRAX_N@[OV@O@ASCVDF	E[YAVJ^K\A@B	KQII@FPTJO\N<NKP^E	NXHDCY_V/UCRQSI^F@SS3XIEXTI\N^@IQV<HTDNKLP%
TAVRUJ]B@NAYH^@\GS^KJQQJB]UJAR	
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[VA[AP[E%IBFXTHX\N	 &
QLVX]_VQA\AA7UB[RVU,ER\\RH_QIVRUH]IY^GIOASX\T_]\NXT 7]NMHSSRUN	]YUZNXDGJ^XXCU^GIAOAPLE]^UPJCQG\RVNBJZQSIN_N[8XIA[QF@_G\^BUA,@TUX]^WVQW; 	_UCRSSJ_NCU^U7__@@QW%		E[YRSI^_N]_[YRJ_Q^F@\CXYGUA	.EYOVSJCBGOJ^_[[	@NK@\_X]NNXDFJ^X_HT\G[OA 	@@TUPU\RX_Q^7NVEIOA
NI^FR_KJ	
,IEZTJ\B@N 3]]Y]\Q_QYCE[;K\@NV[3PUJW]RJA_ITJ^HYHUYGIOASX_WQX\NXT 7]NMHSSRUN	]Y\\NXDGJ^X_IZ\GIAOAPLEZTZRJCQG\RVNE@USSIN_N[8XIA[QF@_G\]DUA,@TUX]]QVQW; 	_UCRSSJ_NCU^_7\_UXIIT2KAYRI\A@SEERYZULKC[QRV]@JPTSUN
A8KQIZCEDF	 UCRPTUNERO_ZHGC[_V^NM[P[QM\CN]@T]@@Q@SGDXFVO&NI^ANL\JW^UJCKG%NVFKSSSA@Q	V7@QQ CD[VOB[\GA<RPONISS3YIEXTHAR	[YWVNYJ\ANLE@@BDZEDDF	&]QV@R^KJ	QQ @BDF	D[YAPNUA\A@B	HQIIDMZTJO\NR[VQ_F[\WJAN4C F@_@@NAYQN\CT]@
G2XIBYCDPHX
	<		@NKS^TANPMCCSnBG]F@R	
 <	C@TWX_@@IG@_RM]@@N[VBZHSXKJ
4E
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=L^NXKCCXL_VZSJ]D3]AHAY[	
j	PXIB[AXJRV[ALQUSI@QGER_^ZKGCG/RAYH\C]]@PNXKEBG^RVNCLZQSIN_N@ZOV@NFJYCVDF	F[YAWLUA\A@B=IEXHXNVENSSWUN1\JW]PJCC_Q3	PAC]C\BBU_]\V%BEYIJ(KNI]AR\E@@DK[ JDXHX	[YQPIYJ\]@S=
 QNYTJ\\N AC]E^]@T_@@QG]GDXFVO QAY[XE^ER^KJBIQ@^VN]@N@U
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SLVX]]NXTVRUL^\NP[VQXGWXWJANQNJPLXF\\UUA]SXLQ][\RX_Q^7NVFIOA
NI^FR^KJ	
,IEZTJ]D@N 3]]Y]\Q_QYCD\;K[DNV[3PUJW]RJA_ITJ^B\@[^GIOASX\R]Y\NXT 7]NMHSSRUN	]Y[XNXDGJ^XYFTTGIAOAPLE\[TZJCQG\RVNCO[[SIN_N[8XIB[QF@_G\\CUA,@TUX]\VVQW; 	_UCRSSJ_NCU^S7\ZWXIIT2KAYRI\A@SEERU^TIAC[QRV^DASWSUN
A8KQIZCEDF	 UCRUVUNEROXUHCC[_V^NM[WTQI\CN]@T]@@QG\CDXFVO&NI]ANL\JW^UJCGG%NVFKSSSM@Q	V7@QQ CD[VOB[\GJ<QSINISS3YIEXTHAR	[YRVJ\F_ARB	XI@X@GXHX
	<		BNKS^VDO IADXHX JAYALTG\ARLE AQQFL\TJ]R@NHNINDZZWXO@@nXWA\@UAYK[C\BNLQ3QIZCDXWVO

< _SX_W[@@HDC[,E^SXWN	 &
PLVX]^NXIL]\H\@\@U	NI^EQ^WDO	nKOJ]\GHOA SX_PDOXIV\SBY@\N[[	ANK@Z_\]\@VQ
]YF@OD[TCISAO[=TOVSJ_QUQNZSJ]D@N<QV@P^W\ANE, ^RV]GIPO[^D\AV1QPOVXT 7^NMHSSQUN@TP\YURJ_Q^F@_DYZFIOA
=L\NXKCCZQRV]AAOA 	B@TSP\ZRJQ_IGHOJNXOHUSS[@QPVJWNVBBE[QXJ3AYH\_NLU_]\VVQ^+ XWA^\GIWOA
	1A_@@BC[XJVM]@X3FOZAYN
A8HQIZCFDF NVO@RSSI\_NPJW^VBBE[Q3	RAC]C\@NLY @@BERQ	CNVUM[W[I\Q@SY_NXXGK_	CDJHX HAYAMTGTARLE%TQNYTVONMKTSSM@QjOVSHCC[_V3 P[VB\AQEZZ\SI,BZQNF	&^QV@R^KJXIA]	AAXTVO AYRKZ@]ANLP%
TBVRUJ]A@N[VB]BNLC	QXIQXFBXTXARQACN@\DT^EDOZIV[TO[@\N[[ 
3LUXANQIYCE[HX	(AYH^C\@QB	,AGJ^K]@_[[QTSIT,]BPLJ
4E
VXWA\\EUA	NIX@ZVWXANIE^VCY@@N 3_]Y]\SVQGJ^K^B@NJNINBTXWXO@@TAVRFI[FX\G[OA 	@@TT^[XRJQ_IR;	NMKSOAQVCU^_DO,UQNYVJ]@T@U,ER\\RI_IDDXW%\IZNMA	.EZOVSJCAGF@\D__GISSO[LTZ_XQJ_QW%		F[YRSI]_NPJW][L_QPWXWRY[FKSSAUNEROYUKAC[_V]NM[VTRK\CN]@Z2QQ CXJOJ^[GIPOA.
]Y_\RJ@_IT2JAYRI\@]@\WX^3SCDQQJQ3	QAC]C\CNLPOVSNFERCDDF
	UCPQVJTC@SS3ZIEXTKAR 	AYHUD@SY^NXXFD_CDJHX KAYAL[GXARLE BQQFC\PJ]R@N
<	SX_KJ@@AD[@XJ  3[YRQI\C_]@S=
QNYTJ^@NENSSP&]JXSX	,AFJ^K]@^@UAC]@TGR^WDOI@E^QM]\N	 &
SLVX]]NXTVRUCY\NP[VQYGVVWJANQNJQLYH\\UUA]SXL Q\U\RX_Q^7NVFIOA
NI^FR^KJ	
,IEZTJ]C@N 3]]Y]\Q_QYCD[;KTENV[3PUJW]RJA_ITJ^KY@U_BISOA		@TVQYURVQW; 	]UCRSSH@Q YER\UWVQ
][F@OEZTGISAO[ \]JXZZJCCIQ	ANVULU[SI\Q@S\	7QIZ_V XWB[\GJOA3LVZ]\RI_QW%		D[YRSI_@SPYW[2][HQI/QAYH\C^]@MJW]QNCB\CXJNMJRSTN\_NP2
BIBDXUVO	AYR@^_N@[OV@OFK_CVDF	E[YAVLTG\A@B	KQIIFL\TJO\N<NKS^E	NXHDC[_V/UCRQSI\@@SS3XIEXTI\N^@ISP<HU@NKLP%
TAVRUJ]B@NAYH_E^HV^KJQQBG^RJAR	
 <	@@TWX\@@]QNY]IARPACNFZ@T^EDOYIV]RK[@\N[[	BNK@[V^]\@VQX+RV]GUA
[VA[AR]E%IBFXTJ^\N	 &
QLVX]_VQA\CG7UC]RVU,ER\\RH_QIVRUHTEY\GIOASX]RX_\NXT 7]NMHSSRUN	]YT\NXDGJ^XXE^\GIAOAPLE]X^RJCQG\RVNBLQSSIN_N[8XIB[QF@_G\\DUA,@TUX]\QVQW; 	_UCRSSJ_NCU^T7\USXIIT2KAYRI\A@SEER\_SMEJ[_VNVDIT[ZI@Q	V7BQQ CDYHX	[YRZH@QPTJWNWOFA[QXJ	^UCAVVL^C\SNLC	SXIQ^FFXTXAR<	QV@RBOVPMCCXQ
2NMHQSSI__NP2
@IBDXWAR^[GI[<RJ\QV
@S=
QNYTJ_\N		AYWI\F_ARB	XIB^	KBXHX
	<		BNKS^VDO IBGXHX JAYAJZC\ARLE AQQ@BXTJ]R@NHNINBT^WXO@@nXWB\@UAYK[C\INLQ3QIZCDX\VO

< _SX_W[@@HDC[,EQ\XWN	 &
PLVX]^NXIE\\K\G\\[[QVBPVRXANE, \RV]GIROA		@T^PANQNJQMZF\\UUA^SXL P_[\RX_QPUXWRY[@OSSAUN1GNXKC_IXVRVM]@_@U&NKS\WX^@@R+
CNVFISPUNA[AR]jVQTNXQW; 	^UCRSSK@Q		LV]]YUJCCGOJ__FJPSO[	
j	SXIB[BXJ NMHZZO[ ]]JXTRBCCIQ	BNVUL[S[I\Q@SY\NXXFK[	CDJHX([VB\]@QER_[RJ@_IU;	RV]EISSPUN
A8IQIZCGHX_G\]D&RRQ[VNP2
AIBDXVVOUCQUROUC\]@ZNXKAG^ CXJ(HNI]AR_EQIZ AXJ	_UCAPSKXC\SNLC	PXIQXA@XTXARRACN@\CV^EDO,PJ^H]\N[YQTI]@@SZ7@@BA[BGDF	&_QV@R^DO^UJBA4 GAJ^O

< ^SX_WZANQQF@^QJ]\NAC]J\FT^E
,HYF@\@\][[ QV@V[E @QQGDPTJ]R@NKNINERVWXO@@TBVRFN]H\\G[OA 3PER_\NXIACXUHAR	<
[VB^AR_KJ
4E
WXWA\\DOAQN\B_.S_ ERNE, _RV]GIQOANKPVP^]\NXTVRUHTIX\[[3PVJW]RJB_I]XWA]Y[[	@NK@]UX]\@VQ
]ZF@OC]^GISAO[ _]J^]PJCCIQ2[YQSUNSX\WY^@@nJ^K_@\]DUA	.E[OVSJC@QF_TK\/UXUCA
=L_NXKCCYQXWAZ_DLSSO[L^\^]RVQW; 	]UCRSSH@Q YERTXNXDGJ^X_DXTGIAOAPLEZYXZJCQG\RVNEMW[SIN_N[8XIA[QF@_G\]FUA,@TUX]]SVQW; 	_UCRSSJ_NCU^T7\UVXIIT2KAYRI\A@SEER\_ZLCC[_VNVDHUVTI@Q	V7BQQ CDYHX	[YRZM@QPTJWNWLGK[QXJ	^UCAVUMTC\SNLC	SXIQ^GLXTXAR<	QVCRBOVPMCBXQ
2NMHQSSH__NP2
@IBDXWAR^[GIR<[@NISS3YIEXTHAR	[YRWHUB\ANLE@@KE]CXJ(HNI]AR_EQIS_V_NM[QQ[A\CN]@T^@@QAY	KDXFVO RAY[^ATIR^KJ,
EVRUJARUCQTSI]_NE8	NXKAC[BXJ(JNI]AR]HKJ_[RJB,S	QNF	&^QV@R^KJXIBXKMXTVO AY[L]G\]@S=
 QNYTJ\\N ACTK@SY^NXXAA^CDJHX KAYAK^FZARLE BQQAF]RJ]R@N
<	SX_KJ@@AD[BXJ  3[YRQI\C]]@S=
QNYTJ^@NENSSR&TBNKLP%
TAVRUJ]B@NAYH]A\DR^EQI\CFXHX
	<		BNKS^VDO IKEDF	D[YAQI_A\A@B	HQIICGZTJO\NR[VQ^AQ\WJAN4C F@\@@NAYQN\C]]@
G2XIBYCDYHX
	<		@NKS^TANPMCCZnKDJ^O

< ^SX_WZANQQ CL^\J]\NAC[@ZCRB	,AEJ^K]@]@UNITANLC	QXIQYCDXTXARQACNA\AR^EDOZIVZTJ]@\N[[ 
3LVXANQIYCDYHX	(AYH^C\ASB	,AGJ^K]@_[[QTSI],TB@TNE
,HZF@\@\^[[[VB]HR]WDOIDCPQJAR	
 <	@@TWX\@@]QNPWVO PAY[^CUGR^KJAIQFX]L]@N@U]QVSP^QX]NNX_,	OJ]\[[
AC^D\ASB=QQ ADXTKAR	
 <	B@TWX^NXAD[B+PVXWN	 &
PLVX]^NXIEYQO]@\@U	NI[GV]KJ
4E
UXWA\\FUA	NKZ\E @QQAD^PJ]R@NKNINCRXWXO@@TBVRFH]FX\G[OA 3PER\\NXIACXTKAR	<
[VB^AR^KJ
4E
WXWA\\DOAQN\C].Z[]O	nHOJ]\GKOAQV@PXTX]@@
CQNPTM^@@N 3_]Y]\SVQGJ^BX\NP[VQ^@T^WJANQNJVK[@\\UUA]SXLV^]\RX_Q^7NVFIOA
NI^FR^KJ	
,IEZTJ]A@N 3]]Y]\Q_QYCDY;BYRVU,ER\\RH_QIVRUH_FX\GUA	NKUW_XANE, \RV]GIROA		@TSDOXIVZUHU@\N[[	ANK@\UP]\@VQ
]YF@OB]^OISAO[=TOVSJ_QUQNZSJ]A@N<QV@P^WYANE, ^RV]GIPO[^D\AS1PJW@R+
BNVFISQO[	SX_TQX\RVQFJ^B^FZ\[[3PVJW]RJB_I]XWH[@U_QVSP\SX]NNXDFJ^X_B^XGIAOASLEZ_^VJCQG
%	UCRSO[NKPYWYAN4XVRUH]@\][[3PTJW]RJ@GACXTK2HZNMA	.EZOVSJCAGF@\C\]GISOA		@TUYT\NXT 7]NMHSSRUN	]P[@@T@VRFH\I^\G[OA 	C@TUYT^RJQ_IGKOJN^F@QSS[@Q j		@@BCGJ^HZ@\][[	3SX_WX]]NXT 7_NMHSSP@Q^FR_8Y_]@@QW%		E[YRSI^_N][_YVHCCGOJ]XFHUSO[	
j	SXIB[BXJ NMHQRO[ ]]J^_SHCCIQ	BNVUJPRQI\Q@SY\NXX@@ZCDJHX([VA\]@QER_[RKE_IU;	RV]EISRUUN
A8IQIZCGHX_G\]A&RQS[VNP2
AIBDXVVOUCPRTA]C\]@ZNXK@JYCXJ(HNI]AR_EQIZCXJ	_UCAPQA\C\SNLC	PXIQXKDXTXARRACN@^IR^EDO,PJ^H]\N[YQTI]E@SZ7@@BA[BBDF	&_QV@R^DO^UJBE4 AGJ^O

< ^SX_WZANQQGEX\J]\NAC]GYAR^E
,HYF@\@\][[ QV@P]E @QQ@G_RJ]R@NKNINBQYWXO@@TBVRFI^GZ\G[OA 3PER_\NXIACXULAR	<
[VB^AR_KJ
4E
WXWA\\DOAQN\BZ.S\ERNE, _RV]GIQOANKQ]VP]\NXTVRUN^@[\[[3PVJW]RJB_I]XWA^^[[	@NK@]S\]\@VQ
]ZF@OC_XCISAO[ _]J^_VNCCIQ2[YQSUNSX\WY[@@nJ^K_@\]AUA	.E[OVSJC@QF_TK[/]^B[YA
	1A^@@BC[_V
OJ_Y@JPSSUN]YYTZCC_IT2HAYRI\B@SCOVSHF_IGIOJN_CMSSS[@QPUJWNQNGC[QXJ	]UCAPWM\C\SNLV3IADDF	RV^@IRUO[=QER\^RJBEG/PAYH\C_NLPX\Z=KAGIV3 Q[VB\APBNXIGJZCDDF
	UCRWU@XC@SS3ZIEXTKAR 	AYH^G@SY^NXX@G[	CDJHX KAYAJXCTARLE BQQ@@X\J]R@N
<	SX\KJ@@AD[ EXJ  3[YRQI\BZ]@S=
QNYTJ^@NENSRU&]A[SX	,AFJ^K]@^@UAC_DX@T^KJQQ FFPPJAR	
 <	@@TWX\@@]QNYVMARPACN@YAV^EDOYIV[QJY@\N[[	BNK@] W\]\@VQX+RV^GUA
[VA[ASXE%IBFXTK[\N	 &
QLVX]_VQA\BB7UH[RVU,ER\\RH_QIVRWLXF[\GUA	NKS[_^]@@R+
ANVFISRO[ LVZ[@@T@VRFIYG^\G[OA 	C@TT\Z^RJQ_IGKOJN_CNQSS[@Q j		@@ACGJ^HZ@]Z[[	3SX_WX\ZNXT 7_NMHSSP@Q^FR_8Y_U@@QW%		E[YRSI^_N][T]WCCCGOJ]YAAWSO[	
j	SXIB[BXJ NMHQZO[ ]]J^YTBCCIQ	BNVUJVU[I\Q@SY\NXX@F]	CDJHX([VA\]@QER_[RKE_IU;	RV]EISRUUN
A8IQIZCGHX_G\]A&RQ[[VNP2
AIBDXVVOUCP[QA\C\]@ZNXKFGSCXJ(HNI]AR_EQIZKXJ	_UCAPVJZC\SNLC	PXIQX@BXTXARRACN@YBT^EDO,PJ^H]\N[YQTI]E@SZ7@@BA[BBDF	&_QV@R^DO^UJBA4 DDJ^O

< ^SX_WZANQQCC_PJ]\NAC^F\FQ^E
,HYF@\@\][[ QV@U^E @QQGLPTJ]R@NKNINEZVWXO@@TBVRFNUH\\G[OA 3PER_\NXIACXUHAR	<
[VB^AR_KJ
4E
WXWA\\DOAQN\B^.SYERNE, _RV]GIQOANK[\PZ]\NXTVRVO^C]\[[3PVJW]RJB_I]XWA[][[	@NK@ZVZ]\@VQ
]ZF@ODU]EISAO[ _]JYUSHCCIQ2[YQSUNSX\WY_@@nJ^K_@\]EUA	.E[OVSJC@QF_TK_/][A[YA
	1A^@@BC[_V
OJ]\FJPRSI@QGER_ZTNACG/RAYH\C]]@PNXKDEG^RVNBITQSIN_N@ZOV@OCDYCVDF	F[YAVI[A\A@B=IFXHXNVENSRQUN1\JW]PJCBYQ3	PAC]C\BBU_]]P%BD\IJ(KNI]AR\E@@BCX DCXTVO AYQOUCTANLP%
TBVRUJ]A@N[VB[FNLC	QXIQ^ C@XTXARQACNF]AV^EDOZIV]UJY@\N[[ 
3LUXANQIYCEZHX	(AYH^C\@PB	,AGJ^K]@_[[QTSH^,]FVLJ
4E
VXWA\\EUA	NIUFU_WXANIF^UK^@@N 3_]Y]\SVQGJ^KZD@NJNINDR^WXO@@TAVRFO]@T\G[OA 	@@TRX]TRJQ_IR;	NMKSOAQVCU^UDO,UQNYVJ]A^@U,ER\\RI_IDDYV%\GYNMA	.EZOVSJCAGF@TIY]GISOA		@TQ[Z[RVQW; 	]UCRSSH@Q YER\[WVQ
][F@OE\XGISAO[ \]JX\VJCCIQ	ANVULSWSI\Q@S\	7QIY_V XWB[\FKOA3LVZ]\SH_QW%		D[YRSI_@SPYW_2]SBQI/QAYH\C^]@MJW_RICC[_VNVFJVWZI@Q	V7BQQ CDYHX	[YRRA@QPTJWNQHBE[QXJ	^UCAPQHZC\SNLC	SXIQXBBXTXAR<	QVCRBOVPMCC\Q
2NMHQSSI[_NP2
@IBDXWAR^[GIT<RHUQV
@S=
QNYTJ_\N		AYPH\@XARB	XIBX@CXHX
	<		BNKS^VDO IBEQHX JAYAJ^GTARLE AQQ@F\\J]R@NHNINBPZWXO@@nXWB\@UAYK[C\FNLQ3QIZCDXSVO

< _SX_W[@@HDC[,EYVXWN	 &
PLVX]^NXIF^ULT@\@U	NI]CV[WDO	nKOJ]\GHOA SX_UDOXIV[THY@\N[[	ANK@]U\]\@VQ
]YF@OC\^CISAO[=TOVPJ_QUQNZSJ]G@N<QV@P^W_ANE, ^RV]GIPO[^D\AU1V[OVXT 7^NMHSSQUN@TQP_YRJ_Q^F@\BZ_FIOA
=L\NXKCCZQRV]FJOA 	B@TTXXZRJQ_IGHOJN_GLUSS[@QPVJWNQJFE[QXJ3AYK\_NLU_]\UVQ^+ XWA^\GITOA
	1A_@@BC[XJVM]@[3FHSAYN
A8HQIZCFDF NVEM[ZVI\_NPJW]PJJF[Q3	RAC]C\@NLY @@BB[Q	CNVUKZUSI\Q@SY_NXXAJ]CDJHX HAYAKUE\ARLE%TQNZTVONMKTSSN@QjOVSHCC[_V3 P[VB\AQEZZ\RM,BZ QNF	&^QV@R^KJXIA^ABXTVO AYRK^D^ANLP%
TBVRUJ]A@N[VB]@NLC	QXIQYJFXTXARQACNAUHP^EDOZIVZ]C_@\N[[ 
3LUXANQIYCD_HX	(AYH^C\AUB	,AGJ^K]@_[[QTSI[,]@TLJ
4E
VXWA\\EUA	NI^IZYWXANIE[UMU@@N 3_]Y]\SVQGJ^K\F@NJNINBS[WXO@@TAVRFI\E^\G[OA 	@@TTYX^RJQ_IR;	NMKSOAQVCU^PDO,UQNYVJ]@[@U,ER\\RI_IDDXS%\A[NMA	.EZOVSJCAGF@_IY[NISOA		@TT[[_RVQW; 	]UCRSSH@Q YER\]UVQ
][F@OC]TCISAO[ \]J^]ZNCCIQ	ANVUJR[WI\Q@S\	7QIY_V XWB[\GNOA3LVZ]\RM_QW%		D[YRSI_@SPYW_2]SNQI/QAYH\C^]@MJW^UNJG[_VNVFK[RQI@Q	V7BQQ CDYHX	[YRRM@QPTJWNQJKK[QXJ	^UCAPSATC\SNLC	SXIQXKLXTXAR<	QVCRBOVPMCC\Q
2NMHQSSI[_NP2
@IBDXWAR^[GIT<RHYQV
@S=
QNYTJ_\N		AYQA]DZARB	XIBYJ@XHX
	<		BNKS^VDO IBE]HX JAYAJ]A\ARLE AQQ@EZTJ]R@NHNINBS\WXO@@nXWB\@UAYK[C\FNLQ3QIZCDXSVO

< _SX_W[@@HDC[,E[QXWN	 &
PLVX]^NXI@\SLZ@\@U	NI]G[_WDO	nKOJ]\GHOA SX_RDOXIV[SL]@\N[[	ANK@]QX]\@VQ
]YF@OC[ZGISAO[=TOVSJ_QUQNZSJ]B@N<QV@P^WZANE, ^RV]GIPO[^D\AP1T\OVXT 7^NMHSSQUN@TT_T]RJ_Q^F@\F[\@IOA
=L\NXKCCZQRV]DMOA 	B@TT__TRJQ_IGHOJN_@K[SS[@QPVJWNQMAK[QXJ3AYH\_NLU_]\PVQ^+ XWA^\GIQOA
	1A_@@BC[XJVM]@^3FJTAYN
A8HQIZCFDF NVCOTU[I\_NPJW]UI@D[Q3	RAC]C\@NLY @@B@\Q	CNVUJ[QWI\Q@SY_NXX@KYCDJHX HAYAJTAXARLE%TQNYTVONMKTSSK@QjOVSHCC[_V3 P[VB\AQEZZ\RH,BXQNF	&^QV@R^KJXIG^FMXTVO AYRN]AZANLP%
TBVRUJ]A@N[VB_GNLC	QXIQXJFXTXARQACN@[HP^EDOZIV[SC_@\N[[ 
3LVXANQIYCDZHX	(AYH^C\APB	,AGJ^K]@_[[QTSI^,]BSLJ
4E
VXWA\\EUA	NIXA[XWXANIE^TBT@@N 3_]Y]\SVQGJ^K^A@NJNINBT]WXO@@TAVRFI[C^\G[OA 	@@TT^^^RJQ_IR;	NMHSOAQVCU^UDO,UQNYVJ]@^@U,ER\\RI_IDDXV%\C\NMA	.EZOVSJCAGF@Y@\YDISOA		@TRPUZRVQW; 	]UCRSSH@Q YER\_RVQ
][F@OCZ\GISAO[ \]J^ZRJCCIQ	ANVUJUSSI\Q@S\	7QIZ_V XWB[\GKOA3LVZ]\RH_QW%		D[YRSI_@SPYW[2T[XIIT2KAYRI\A@SEER\XSCBC[QRVTAOWSO[	
j	SXIB[BXJ NMAZOAQLEZ_TZJCQG_RVNEK[[SIN_N@YOV@HAKSCVDF3AC]C@S
]ZZ\RI_QC7OJ]^GISPO[	
j	QXIB[@	DFHZ@\_(A[AYN
A8HQIZCFDF NVFJT[ZI\_NPJWTWKGCG/RAYH\C]]@PNXBK_IGIOJN^ELUSS[@QPUJWNPHFE[QXJ	]UCAQQLZC\SNLV3IBDDF	RV^@ISPO[=QER\^RJC@G/PAYH\C_NLPX]_=BDQQJQ3	QAC]C\CNLPOVSI@J^CXJNMAPUUI@Q	V7BQQ CDYHX	[Y[TUNERO^PHGC[_V^NM[QQQM\CN]@T]@@QAYGDXFVO&NI]ANL\JW^UJC@G%NVFKSSSJ@Q	V7@QQ CD[VOB[\GJ<[U[VNP2
AIBDXVVOUCRPSH\C\]@ZNXBABR_V3 R[VB\ASB	XIK]Q	CNVUKRZQI\Q@SY_NXXABRCDJHX HAYAK]J^ARLE%TQNYTVONMKTSSJ@QjOVSHCC[_V3 P[VB\AQEZZ\RI,K^IJ(KNI]AR\E@@BA]@DXHX	[Y[SN_C@SS3ZIEXTKAR 	AYAY_N@[OV@HBE[CVDF	E[YAQHZC\A@B	KQIIBBXTJO\N<NKS^E	NXHDC[_V/UCRQSI\@@SS3XIEXTI\N^@ISP<AXQV
@S=
QNYTJ_\N		AYRK^EXARB	XIDRKDDF	&]QV@R^KJ	QQ	GXJ	_UCAQRKTC\SNLC	PXIQY ALXTXARRACNA]CZ^EDO,PJ^K]\N[YQTI\@@SZ7@@BA[CGDF	&_QV@R^DO^UJC@4	@VRX
	<		ANKS^UDO	
QIZ JD[TJAR AYN[KYANLP%
TBVRUJ]A@N[VK_]@T_@@QA[EDXFVO QAY[^CUGR^KJBIQFX]L]@N@U
&@TWDOXIA\CGDF3AYRK\C\BNLP%
T@VRUJ]C@UKTSSK3B_I@TNE
,HZF@\@\^[[[VG[F[ZWDOIBC]QJ]\N	 &
SLVX]]NXTVRUIU\NP[VQ_IWXWJANQNJWBXF\\UUA]SXL_][\RX_Q^7NVFIOA
NI^FR^KJ	
,IEZTJ]B@N 3]]Y]\Q_QYCD[;B\RVU,ER\\RH_QIVRUK_@Y\GUA	NKU[UXANE, \RV]GIROA		@TVDOXIVZTI_@\N[[	ANK@\TZ]\@VQ
]YF@OB\_EISAO[=TOVSJ_QUQNZSJ]C@N<QV@P^W[ANE, ^RV]GIPO[^D\AQ1WJW@R+
BNVFISQO[	SX__^U\RVQFJ^M^F^\[[3PVJW]RJB_I]XWH\@U_QVSP^WX]NNXDFJ^X_@\\GIAOASLEZ]\RJCQG
%	UCRSO[NKPYW[AN4XVRUH]@\_[[3PTJW]RJ@GACXUI2A]ZUCA
=L_NXKCCYQXWBTT@HSSO[LV[\[ZJ_QW%		F[YRSI]_NPJW]SL_QPWXWR_]BKSSAUNERO_SOAC[_V]NM[PRVK\CN]@Z2QQCXJOJ^[GHPOA.
]Y_\RK@_IT2JAYRI\@]@\WY\3[KQI/QAYH\C^]@MJW]WJAC[_VNVO@UTSUN
A8KQIZCEDF	 UCZRO[ ]]J__WHCCIQ	BNVUKPVQI\Q@SY\NXXA@^CDJHX([VA\]@QER_[RKB_IU;	RV]EISRRUN
A8IQIZCGHX_G\]E&Q[ACQ	V7AQQ CDZHXNMHRRSI\_NPJW]UHFCG/RAYH\C]]@PNXHK_IGIOJN_AASSAUNERO_TBCCIQ	ANVUJU[SIN_N[8XIA[QF@_G\]EUA,@TUX]]PVQW; 	_UCRSSJ_NCU^Q7YU@@QW%		E[YRSI^_N][YTZJC_IAXWCZ^BIOA
=L\NXKCCZQRVXNUA_SXLWXU\RX_QPVXWR]\GASSAUNERO]RJKC[_V/AYQI@Q@TPX\ZNXA,F@\B\\FOOA
=L^NXKCCXL_VZSJ\F3XO[YA
	1A^@@BC[_V
OJ__DLSSO[LT]__RVQW; 	]UCRSSH@Q YERYTNXDGJ^XTGZ\G[OA 	C@T^_[\RX_QPUXWRU[AISAO[=TOVPJ_QUQNZSJ\F@N<QV@P^V^ANE, ^RV]GIPO[^D\@T1VJW@R+
BNVFISQO[	SX\_Z]\NXTVRVBYB\@U,ER\\RK_QTF@YA@NJNINFW\WJANQNJSO_@\N[[	BNK@Y UX]NNX_,	OJ^\[[
AC^D\@TB=QQ ADXULAR	
 <	B@TWX^NXAD[ E+\TXWN	 &
PLVX]^NXIFZRI]@@N[VA[E[^E
,HYF@\@\][[ QVERB	IQIIADXTXARQACND^AR^KJBIQCZTJ]R@N
<	SX\KJ@@AD[ EXJ  3[YRQI\BZ]@S=
QNYTJ^@NENSRU&X@NKLP%
TAVRUJ]B@NAYKZ@XARB	XI@[BDDF	&]QV@R^KJ	QQ@XJ	_UCA[RO\CN]@T^@@QKZCDJHX HAYAA]E\A@B=IFXHXNVENSRUUN1\JW]PJCB]Q3	PAC]C\BBU_]]T%GAIV3 Q[VB\APBNXHFC]CXJNMKZPUI@Q	V7BQQ CDYHX	[YWQUNERO[ZNCCIQ	BNVUN[WSIN_N@YOV@MKG[QXJ3AYK\_NLU_]]TVQ^+ XWA^\GHUOA
	1A_@@BC[XJVM]AZ3CLAY[	
j	PXIB[AXJRV^NIQSSUN][_^VJ_QW%		F[YRSI]_NPJWXWVQ
][F@OHT\GIAOAPLEPU\RJQ_IGKOJNTOISSAUN1GNXHC_IXVRVM]AZ@U&NKS\WY[@@R+
CNVFISPUNA[ASXjS\OVXT 7^NMHSSQUN@TP^[\RVQFJ^I\B[\[[3PVJW]RJB_I]XWDX@U_QVSZZWXO@@TAVRFBYH\\UUA]SXLSP]\@VQX+RV^GUA
[VA[ASXE%IBFXTK[\N	 &
QLVX]_VQA\BB7PMOJN 3\]Y]\PVQAQN[UB[@\@U	NI_EP\KJ
4E
UXWA\\FUA	NKVYE @QQJ@\TJO\NQ[VQUEV^EDOZIVQPN]@N@U
&@TWDOXIA\BBDF3AYRK\C]GNLP%
T@VRUJ]C@UKTSRO3GZSX	,AFJ^K]@^@UAC_CXCR^EQIXAFXHX
	<		BNKS^VDO IGBDF	D[YAZH^C\SNLC	PXIQR ADXFVO RAY[UB^ARLE%TQNZTVONMKTSRO@QjOVSHCCZ_V3 P[VB\AQEZZ\RL,A[QNF	&^QV@R^KJXIB^CA[TJAR AYJ_G_BRB	,AEJ^K]@]@UNI^ARB	IQIIK@XTJO\NQ[VQYIV^WJAN QNJQBY@\\UUA ,]YX@@QQDDXRVO&
AC]A\ARXE
,H[F@\@\_
UAQTI]@3@ZLJ
4E
VXWA\\EUA	NIXI[^KJQQJ@XHX
	<		BNKS^VDO IBLDF	D[YAQITC\SNLC	PXIQYKDXFVO RAY[^CTARLE%TQNZTVONMKTSRJ@QjOVSHCCZ_V3 P[VB\AQEZZ\SK,A[QNF	&^QV@R^KJXIB^CA[TJAR AYJ_G_BRB	,AEJ^K]@]@UNI^ARB	IQIIK@XTJO\NQ[VQYIV^WJAN QNJQBY@\\UUA ,]Z]@@QQDDYUVO&
AC]A\AS_E
,H[F@\@\_
UAQTI\K3@QZ]O	nHOJ]\GKOAQVEQYVX]@@
CQNYRM]G\@U,ER\\RK_QTF@\CX@U_QVSQY_X]NNXDFJ^X^G^TGIAOASLE[Z^ZJCQG
%	UCQSO[NKPYWPAN4XVRUH]@\T[[3PTJW]RJ@GACXUI2A\NMA	.EZOVSJCAGF@\FZ\GUA	NKVVWDO	nKOJ]\GHOA SX_KJ@IQLXTJO\NQ[VQTAR^KJBIQLXTJO\N<NKP^E	NXHDCZ_V/UCRQSI]@@SS3XIEXTI\N^@IS[<@YQV
@S=
QNYTJ_\N		AYRO[J^ARB	XIJ^	KDDF	&]QV@R^KJ	QQFXJ	_UCAQWA\C\SNLC	PXIQYKDXTXARRACNAXIR^EDO,PJ^H]\N[YQTI\K@SZ7@@BA[CLDF	&_QV@R^DO^UJCK4 @GJ^O

< ^SX_WZANQQAL[VJ]\NAC]EYAR^E
,HYF@\@\][[ QV@Q]E @QQ@BQRJ]R@NKNINBTWWXO@@TBVRFI[IZ\G[OA 3PER_\NXIACXTBAR	<
[VB^AR^KJ
4E
WXWA\\DOAQN\B_.SZ]O	nHOJ]\GKOAQVBS^WDOIDGZTVO

< ]SX_WYANIE\HX JAYAHXG\A@B	HQII G@XTXARRACNBXER^KJ,
EVRVJARUCQTSH__NE8	NXKAC[ @XJ(JNI]AR]HKJ_[RJE,Z DVRX
	<		ANKS^UDO	
QIYFCQTJAR AYH_@ZBRB	,AEJ^K]@]@UNI]@UB	IQIIBL\TJO\NQ[VQ_@ZZWJAN QNJWKUD\\UUA ,]YX@@QQDDXRVO&
AC]A\ARXE
,H[F@\@\_
UAQTI\E3@SX]O	nHOJ]\GKOAQVCZVVX]@@
CQNYWKZH\@U,ER\\RK_QTF@\AZ@U_QVSQ_ UX]NNXDFJ^X^AY^GIAOASLE[\YPJCQG
%	UCRVO[NKPYW^AN4XVRUH]@\Z[[3PTJW]RJ@GACXTL2A]YUCA
=L_NXKCCYQXWBT]@OSSO[LVZTUVJ_QW%		F[YRSI]_NPJW]SO_QPWXWR_]EISSAUNERO_SHCC[_V]NM[PRQI\CN]@Z2QQ FXJOJ^[GIUOA.
]Y_\RJE_IT2JAYRI\@]@\WX[3SKGQQJQ3	QAC]C\CNLPOVPMGJ_CXJNMHQ[RK\_NP2
BIBDXUVO	AYRHX_N@[OV@ICKSCVDF	E[YAPITK\A@B	KQIICLPTJO\N<NKS[E	NXHDC[_V/UCRQSI\E@SS3XIEXTI\N^@ISU<H]@NKLP%
TAVRUJ]B@NAYKZK^DR^EQIZEGYTVO

< ]SX_WYANIEYWVO PAY[_CYGR^KJAIQGXQL]@N@U]QVSQ^ QX]NNX_,	OJ]Y[[
AC^D\ATB=QQ ADXTLAR	
 <	B@TWX^NXAD[E+YUHOJN 3\]Y]\PVQAQNZRK[I\\[[QV@PZ VXANE, \RV]GIROA		@TVZANQNJWJ_D\\UUA^SXLWZY\RX_QPUXWR_\EMSSAUN1GNXKF_IXVRVM]@Z@U&NKS\WX[@@R+
CNVFISPUNA[ARXjVY\NXQW; 	^UCRSSK@Q		LU]X^TJC_IAXWA^^@KSOA
	1A]@@BC[ _VNVFHROAQLEZTUPJCQG_RVNE@ZQSIN_N@YOV@HJJYCVDF3AC]F@S
]ZZ\RL_QC7OJ]^GISUO[	
j	QXIB[@	DFHZ@\Z(HRSACQ	V7AQQ CDZHXNMKW[ZL\C@SBOVSHCJ^_V3 R[VB\ASB	XIBZ_V_NM[QZUI\CN]@T^@@QARCDXFVO RAY[^JZAR^KJ,
EVRUOARUCQTSIZ_NE8	NXKAC[EXJ(JNI]AR]HKJ_[RKB,ZGVRX
	<		ANKS^UDO	
QI_DMYTJAR AYHZD\FRB	,AEJ^K]@]@UNI]BVB	IQIIDFPTJO\NQ[VQ_FPVWJAN QNJWM_H\\UUA ,]Z]@@QQDDYUVO&
AC]A\AS_E
,H[F@\@\_
UAQTI]@3@TLJ
4E
VXWA\\EUA	NI_HW^KJQQ	EEXHX
	<		BNKS^VDO IBBDF	D[YARNZC\SNLC	PXIQZEDXFVO RAY[]DZARLE%TQNZTVONMKTSRJ@QjOVSHCCZ_V3 P[VB\AQEZZ\RL,BZQNF	&^QV@R^KJXI@Z@@XTVO AYRJ[@[ANLP%
TBVRUJ]A@N[VB]HNLC	QXIQXGLXTXARQACN@^EZ^EDOZIV[VNU@\N[[ 
3LV]ANQIYCD^HX	(AYH^C\ATB	,AGJ^K]@_[[QTSIZ,]@ZLJ
4E
VXWA\\EUA	NI_AQ^WXANIE[QNT@@N 3_]Y]\SVQGJ^K\H@NJNINBP_WXO@@TAVRFI_AZ\G[OA 	@@TTZ\ZRJQ_IR;	NMHVOAQVCU^QDO,UQNYVJ]@Z@U,ER\\RI_IDDYU%\AUNMA	.EZOVSJCAGF@^A\_CISOA		@TT_^[RVQW; 	]UCRSSH@Q YER\][VQ
][F@OC^XOISAO[ \]J^^VBCCIQ	ANVUJQW[I\Q@S\	7QIY_V XWB[\FHOA3LVZ]\SK_QW%		D[YRSI_@SPYVY2]SBQI/QAYH\C^]@MJW_RICC[_VNVFJVWZI@Q	V7BQQ CDYHX	[YRRA@QPTJWNQHBE[QXJ	^UCAPQHZC\SNLC	SXIQXBBXTXAR<	QVCRBOVPMCBZQ
2NMHQSSH]_NP2
@IBDXWAR^[GHR<RH_QV
@S=
QNYTJ_\N		AYQOTAYARB	XIBY@EXHX
	<		BNKS^VDO IBE[HX JAYAJ\FZARLE AQQ@D]RJ]R@NHNINBR[WXO@@nXWB\@UAYK[C]@NLQ3QIZCDYUVO

< _SX_W[@@HDCZ ,EYVXWN	 &
PLVX]^NXIF^ULT@\@U	NI]CV[WDO	nKOJ]\GHOA SX_UDOXIV[THY@\N[[	ANK@]U\]\@VQ
]YF@OC\^CISAO[=TOVPJ_QUQNZSJ\A@N<QV@P^VYANE, ^RV]GIPO[^D\@S1VYOVXT 7^NMHSSQUN@TR]_ZRJ_Q^F@\B^[EIOA
=L\NXKCCZQRV]FHOA 	B@TUQT^RJQ_IGHOJN^N@QSS[@QPVJWNPCJA[QXJ3AYK\_NLU_]]SVQ^+ XWA^\GHROA
	1A_@@BC[XJVM]A]3FHSAYN
A8HQIZCFDF NVEM[ZVI\_NPJW]PJJF[Q3	RAC]C\@NLY @@BB[Q	CNVUKZUSI\Q@SY_NXXAJ]CDJHX HAYAKUE\ARLE%TQNZTVONMKTSRH@QjOVSHCCZ _V3 P[VB\AQEZZ\SK,BZQNF	&^QV@R^KJXIARDMXTVO AYRJ_E_ANLP%
TBVRUJ]A@N[VB]FNLC	QXIQX K@XTXARQACN@]IV^EDOZIV[UBY@\N[[ 
3LUXANQIYCEYHX	(AYH^C\@SB	,AGJ^K]@_[[QTSH],]@TLJ
4E
VXWA\\EUA	NI^IZYWXANIE[UMU@@N 3_]Y]\SVQGJ^K\F@NJNINBS[WXO@@TAVRFI\E^\G[OA 	@@TTYX^RJQ_IR;	NMKSOAQVCU^VDO,UQNYVJ]A]@U,ER\\RI_IDDYU%\AYNMA	.EZOVSJCAGF@_H][AISOA		@TUQTXRVQW; 	]UCRSSH@Q YER\]WVQ
][F@OC]^GISAO[ \]J^]PJCCIQ	ANVUJRQSI\Q@S\	7QIY_V XWB[\FHOA3LVZ]\SK_QW%		D[YRSI_@SPYVY2]SNQI/QAYH\C^]@MJW^UNJG[_VNVFK[RQI@Q	V7BQQ CDYHX	[YRRM@QPTJWNQJKK[QXJ	^UCAPSATC\SNLC	SXIQXKLXTXAR<	QVCRBOVPMCBZQ
2NMHQSSH]_NP2
@IBDXWAR^[GHR<RJ[QV
@S=
QNYTJ_\N		AYWO[ETARB	XIB\@CXHX
	<		BNKS^VDO IBG_HX JAYAJTAXARLE AQQ@LZPJ]R@NHNINBZ\WXO@@nXWB\@UAYK[C]@NLQ3QIZCDYUVO

< _SX_W[@@HDCZ,E]WXWN	 &
PLVX]^NXIB]WO]@\@U	NI^A[^WDO	nKOJ]\GHOA SX_ TDOXIV\WI[@\N[[	ANK@ZT^]\@VQ
]YF@OD__AISAO[=TOVPJ_QUQNZSJ\E@N<QV@P^V]ANE, ^RV]GIPO[^D\@W1RZOVXT 7^NMHSSQUN@TSXYYRJ_Q^F@_@ZZOIOA
=L\NXKCCZQRV]BKOA 	B@TS[]XRJQ_IGHOJNXDIWSS[@QPVJWNVICG[QXJ3AYK\_NLU_]]WVQ^+ XWA^\GHVOA
	1A_@@BC[XJVM]AY3FLRAYN
A8HQIZCFDF NVAKTURI\_NPJW^RN@E[Q3	RAC]C\@NLY @@BFZQ	CNVUMQTQI\Q@SY_NXXGA\CDJHX HAYAM^D^ARLE%TQNZTVONMKTSRL@QjOVSHCCZ_V3 P[VB\AQEZZ\SO,B^QNF	&^QV@R^KJXIEZJCXTVO AYQI^CZANLP%
TBVRUJ]A@N[VBYANLC	QXIQ_GDXTXARQACNG^ER^EDOZIV\VN]@\N[[ 
3LUXANQIYCE]HX	(AYH^C\@WB	,AGJ^K]@_[[QTSHY,]DULJ
4E
VXWA\\EUA	NI[AUYWXANIFY\N[@@N 3_]Y]\SVQGJ^KXG@NJNINEVXWXO@@TAVRFNYFX\G[OA 	@@TS\[XRJQ_IR;	NMKSOAQVCU^RDO,UQNYVJ]AY@U,ER\\RI_IDDYQ%\EZNMA	.EZOVSJCAGF@[I_TAISOA		@TV^]TRVQW; 	]UCRSSH@Q YER\YTVQ
][F@ODX_EISAO[ \]JYXQHCCIQ	ANVUMWPQI\Q@S\	7QIY_V XWB[\FLOA3LVZ]\SO_QW%		D[YRSI_@SPYV]2]WOQI/QAYH\C^]@MJWZZJAC[_VNVEHPTRI@Q	V7BQQ CDYHX	[YRVL@QPTJWNVNCC[QXJ	^UCAWWI\C\SNLC	SXIQ_CDXTXAR<	QVCRBOVPMCB^Q
2NMHQSSHY_NP2
@IBDXWAR^[GI[<RJ]QV
@S=
QNYTJ_\N		AYWIUE_ARB	XIB]KMXHX
	<		BNKS^VDO IBGYHX JAYAJZ@^ARLE AQQ@B[VJ]R@NHNINBT]WXO@@nXWB\@UAYK[C\INLQ3QIZCDX\VO

< _SX_W[@@HDCZ,E]]XWN	 &
PLVX]^NXIC[RJZ@\@U	NI^CQ\WDO	nKOJ]\GHOA SX_ ^DOXIV\QHU@\N[[	ANK@Z UP]\@VQ
]YF@ODY^OISAO[=TOVPJ_QUQNZSJ\E@N<QV@P^V]ANE, ^RV]GIPO[^D\@W1RPOVXT 7^NMHSSQUN@TUYZURJ_Q^F@_B\TAIOA
=L\NXKCCZQRV]BAOA 	B@TS\TZRJQ_IGHOJNXC@USS[@QPVJWNVNJE[QXJ3AYK\_NLU_]]WVQ^+ XWA^\GHVOA
	1A_@@BC[XJVM]A^3EKAY[	
j	PXIB[AXJRV[GMSSO[LVZZ^RVQW; 	]UCRSSH@Q YER_^NXDGJ^X_G^\G[OA 	C@TU__\RX_QPUXWR^[EISAO[=TOVPJ_QUQNZSJ\B@N<QV@P^VZANE, ^RV]GIPO[^D\@S1QJW@R+
BNVFISQO[	SXXSQ]\NXTVRQO^C\@U,ER\\RK_QTF@[F@NJNIN@W[WXO@@TAVRFKXE^\G[OA 	@@TV]X^RJQ_IR;	NMKSOAQVCU^VDO,UQNYVJ]A]@U,ER\\RI_IDDX\%^CNV[3PUJW]RJA_ITJ^KXC\\GUA	NKP_UXANE, \RV]GIROA		@TTDOXIV\]L]@N@U^QVSVWWXO@@TBVRFNTF\\UUA ,]Z]@@QQDDX\VO&
AC]A\ARVE
,H[F@\@\_
UAQTI]B3GVLJ
4E
VXWA\\EUA	NIZBU]WDOIFFQUJAR	
 <	@@TWX\@@]QN^PVO PAY[]GTIR^KJAIQE\\B]@N@U]QVSSZ_X]NNX_,	OJ^\[[
AC^D\@SB=QQ ADXUKAR	
 <	B@TWX^NXAD[ B+^QXWN	 &
PLVX]^NXIB^TB]@@N[VFX@S^E
,HYF@\@\][[ QVGWB	IQII FFXTJO\NQ[VQ]DP^WJAN QNJUO_@\\UUA ,]Z]@@QQDDYUVO&
AC]A\AS_E
,H[F@\@\_
UAQTI]B3GPLJ
4E
VXWA\\EUA	NIYHP^WDOIFD]PJAR	
 <	@@TWX\@@]QN^VVO PAY[]G^ER^KJAIQE\VN]@N@U]QVSSZSX]NNX_,	OJ^\[[
AC^D\@SB=QQ ADXUKAR	
 <	B@TWX^NXAD[ B+^WXWN	 &
PLVX]^NXIBYPN]@@N[VF]FP^E
,HYF@\@\][[ QVGQB	IQII GA^TJO\NQ[VQ]EWXWJAN QNJUNXF\\UUA ,]Z]@@QQDDYUVO&
AC]A\AS_E
,H[F@\@\_
UAQTI]B3GRLJ
4E
VXWA\\EUA	NIYE[^WDOIGLZUJAR	
 <	@@TWX\@@]QN^TVO PAY[]@ZAR^KJAIQE[RJ]@N@U]QVSS]WX]NNX_,	OJ^\[[
AC^D\@SB=QQ ADXUKAR	
 <	B@TWX^NXAD[K+[VXWN	 &
PLVX]^NXIE\WC]@@N[VA\EZ^E
,HYF@\@\][[ QVBPB	IQIIE@XTXARQACNGZER^KJBIQ@^PJ]R@N
<	SX\KJ@@AD[KXJ  3[YRQI\CT]@S=
QNYTJ^@NENSS[&_BNKLP%
TAVRUJ]B@NAYH_F^ARB	XIBRFDDF	&]QV@R^KJ	QQBXJ	_UCAWPK\CN]@T^@@QGXCDJHX HAYAM_A\A@B=IFXHXNVENSS[UN1\JW]PJCCSQ3	PAC]C\BBU_]]S%EKIV3 Q[VB\APBNXM@GSCXJNMLT[SI@Q	V7BQQ CDYHX	[YU[UNERO]TKEC[_V^NM[RURO\CN]@T]@@QB] EDXFVO&NI^ANL\JW^UJBBG%NVFKSSRH@Q	V7@QQ CD[VOB[\FH<UZ[VNP2
AIBDXVVOUCTUSO\C@SBOVWCCF[Q3	RAC]C\@NLY @@EJG^RVNFOW[SIN_N@ZOV@KEGSCVDF	F[YAROXK\A@B=IFXHXNVENSRRUN1\JW]PJCBZQ3	PAC]C\BBU_]\T%EAIV3 Q[VB\APBNXOJA[CXJNMLSVWI@Q	V7BQQ CDYHX	[YUQUNERO]VHGC[_V^NM[RWQM\CN]@T]@@QB_GDXFVO&NI]DNL\JW^UJCEG%NVFKSSSO@Q	V7@QQ CD[VOB[\GO<UP[VNP2
AIBDXVVOUCURWM\C@SBOVWKDA[Q3	RAC]C\@NLY @@E@G^RVNFMVUSIN_N@ZOV@KGF]CVDF	F[YARMYE\A@B=IE]HXNVENSSUUN1\JW]PJCC]Q3	PAC]C\BBU_]\T%ECIV3 Q[VB\APBNXOGJ[CXJNMM[QRI@Q	V7BQQ CDYHX	[YUSUNERO]QLCC[_V^NM[RPUI\CN]@T]@@QBXCDXFVO&NI]DNL\JW^UJCEG%NVFKSSSO@Q	V7@QQ CD[VOB[\GO<UR[VNP2
AIBDXVVOUCVTSK\C@SBOVVC@D[Q3	RAC]C\@NLY @@EBG^RVNFJZQSIN_N@ZOV@K@JYCVDF	F[YARJUA\A@B=IE]HXNVENSSUUN1\JW]PJCC]Q3	PAC]C\BBU_]\T%EEIV3 Q[VB\APBNXLKGRCXJNMLVPPI@Q	V7BQQ CDYHX	[YUUUNERO]WOAC[_V^NM[RVVK\CN]@T]@@QB^ADXFVO&NI]DNL\JW^UJCEG%NVFKSSSO@Q	V7@QQ CD[VOB[\GO<UT[VNP2
AIBDXVVOUCTSZO\C@SBOVWLFE[Q3	RAC]C\@NLY @@EDG^RVNFL[WSIN_N@ZOV@KFK_CVDF	F[YARLTG\A@B=IE]HXNVENSSUUN1\JW]PJCC]Q3	PAC]C\BBU_]\T%EGIV3 Q[VB\APBNXL@DXCXJNMLQZRI@Q	V7BQQ CDYHX	[YUWUNERO]VBKC[_V^NM[RW[A\CN]@T]@@QB_	KDXFVO&NI]DNL\JW^UJCEG%NVFKSSSO@Q	V7@QQ CD[VOB[\GO<UV[VNP2
AIBDXVVOUCUUSA\C@SBOVWNBB[Q3	RAC]C\@NLY @@EFG^RVNFLQSSIN_N@ZOV@KFA[CVDF	F[YARL^C\A@B=IE]HXNVENSSUUN1\JW]PJCC]Q3	PAC]C\BBU_]\Z%@DIV3 Q[VB\APBNXKJASCXJNMKWT[I@Q	V7BQQ CDYHX	[YPTUNEROZPNCCIQ	BNVUOQWSIN_N@YOV@LAG[QXJ3AYK\_NLU_]\ZVQ^+ XWA^\GI[OA
	1A_@@BC[XJVM]@Z3AAAY[	
j	PXIB[AXJRV[DM[SSUN]]ZTRJ_QW%		F[YRSI]_NPJWZZVQ
][F@OAZ]AISAO[ \]J\ZSLCCIQ	ANVUHURUI\Q@S\	7QIZ_V XWB[\GOOA3LVZ]\RL_QW%		D[YRSI_@SPYW^2Z[XIIT2KAYRI\A@SEERZZRLCCGOJYUGLSOA
	1A]@@BC[ _VNVA@OA 	B@TV^YTRJQ_IGHOJN]AM[SS[@QPVJWNSLGK[QXJ3AYHY_NLU_]\TVQ^+ XWA^\GIUOA
	1A_@@BC[XJVM]BY3FN[AYN
A8HQIZCFDF NVFIVSWA\C@SBOVPMBD]_V3 R[VB\ASB	XIB\	_V_NM[VRPO\CN]@T^@@QFZEDXFVO RAY[YB_GR^KJ,
EVRVJARUCQTSKY_NE8	NXKAC[FXJ(JNI]AR]HKJ_[RHF,ZJVRX
	<		ANKS^UDO	
QIZEM\PJ]\NAC^DXEW^E
,HYF@\@\][[ QV@UWE @QQFE^\J]R@NKNINDSXWXO@@TBVRFO\FT\G[OA 3PER_\NXIACXVOAR	<
[VB^AR\ KJ
4E
WXWA\\DOAQN\CT.QX]O	nHOJ]\GKOAQV@Z\WXANIF[]J]\N	 &
SLVX]]NXTVRWLARPACNFUCR^KJAIQAQVJ]R@NHNIND[\WJAN4C F@_@@NAYQN\CT]@
G2XIBYCDPHX
	<		@NKS^TANPMCA]nBG[F@R	
 <	C@TWX_@@IGFPWH]@@N[VBZDR^KJ
4E
UXWA\\FUA	NKS]KJ@IQG^]L]@N@U^QVSQXQX]NNXDEJ^X^FUZGIAOA.AJW^RVQIF_TH[\N<
NI]CR^QDO	nIOJ]\GJOAK[C^G=_UJW@R+
BNVFISQO[	SXZ_PT\RVQFJ^K[BUXGUA	.EYOVSJCBGOJ]_EUA_SXLQ^Y\RX_QPVXWR_ZAMSSAUNERO_TLGC[_V/AYQI@Q@TPX_ZNXA,F@\B\\EOOA
=L^NXKCCXL_VZSJ_F3]DHAY[	
j	PXIB[AXJRVXG@UPSI@QGER\ZRBJCG/RAYH\C]]@PNXK@BG^RVNDOPQSIN_N@ZOV@IE@YCVDF	F[YAPO_A\A@B=IFXHXNVENSQUUN1\JW]PJCA]Q3	PAC]C\BBU_]^T%B@[IJ(KNI]AR\E@@GC[@DXHX	[YRVATE\]@S=
 QNYTJ\\N AC]@\]@T_@@Q@]CDXFVO QAY[_E\AR^KJBIQG^TJ]@N@U
&@TWDOXIA\ABDF3AYRK\C^GNLP%
T@VRUJ]C@UKTSQO3B_F@TNE
,HZF@\@\^[[[VGZFTVWDOIBC[WM]\N	 &
SLVX]]NXTVRUIZ\NP[VQ_IPZWJANQNJWB_D\\UUA]SXL_ZY\RX_Q^7NVEIOA
NI^FR\KJ	
,IEZTJ_F@N 3]]Y]\Q_QYCDP;IXRVU,ER\\RH_QIVRUM_B\\[[QVCQ^WDO	nKOJ]\GHOA SX] KJ@IQA^TJ]R@NKNINDT^WJAN QNJQL]@\N[[ 
3LUXANQIYCDPHX	(AYH^C\AZB	,AGJ^K]@_[[QTSKZ,]BWLJ
4E
VXWA\\EUA	NIXEUXWXANIE^]K[@@N 3_]Y]\SVQGJ^K^E@NJNINBUXWXO@@TAVRFIZF\\G[OA 	@@TT_[\RJQ_IR;	NMKSOAQVCU^QDO,UQNYVJ]BZ@U,ER\\RI_IDDZR%\CXNMA	.EZOVSJCAGF@YC[UFISOA		@TQ_][RVQW; 	]UCRSSH@Q YER\_VVQ
][F@OC[^OISAO[ \]J^[PBCCIQ	ANVUJTQ[I\Q@S\	7QIY_V XWB[\EOOA3LVZ]\PL_QW%		D[YRSI_@SPYU^2]QCQI/QAYH\C^]@MJWXZB@E[_VNVFNTUWI@Q	V7BQQ CDYHX	[YRP@@QPTJWNQBKK[QXJ	^UCAP[ATC\SNLC	SXIQX	KLXTXAR<	QVCRBOVPMCA]Q
2NMHQSSKZ_NP2
@IBDXWAR^[GI[<PMNISS3YIEXTHAR	[YRUKXC\]@ZNXHAB\_V3 R[VB\ASB	XI@_Q	CNVULQ[SIN_N@ZOV@OAK[QXJ	]UCAVQA\CN]@Z2QQCXJOJ^[GI[OA.
]Y_\RJK_IT2JAYRI\@]@\WY_3SIKQQJQ3	QAC]C\CNLPOVVMDJ_CXJNMHTVVI\_NP2
BIBDXUVO	AYRJT_N@[OV@IKF]CVDF	E[YAPAYE\A@B	KQIIKA^TJO\N<NKP^E	NXHDCZ_V/UCRQSI]A@SS3XIEXTI\N^@IRQ<H_JNKLP%
TAVRUJ]B@NAYMTK_GR^EQIZDB\TVO

< ]SX_WYANIE[]VO PAY[_KTIR^KJAIQGP\B]@N@U]QVSQV_X]NNX_,	OJ^\[[
AC^D\@PB=QQ ADXUHAR	
 <	B@TWX^NXAD[B+Z]XWN	 &
PLVX]^NXIEY\B]@@N[VBTAV^E
,HYF@\@\][[ QVC[B	IQIIK@XTXARQACN@TER^KJBIQGPPJ]R@N
<	SX_KJ@@AD[BXJ  3[YRQI\C]]@S=
QNYTJ^@NENSRR&]@_SX	,AFJ^K]@^@UACXATBP^KJQQ EAXTJAR	
 <	@@TWX\@@]QNYWIARPACN@ZHT^EDOYIV[RC[@\N[[	BNK@]^^]\@VQX+RV^GUA
[VA[AS_E%IBFXTK\\N	 &
QLVX]_VQA\BE7RKOJN 3\]Y]\PVQAQN]SJ_@\@U	NIXHQYKJ
4E
UXWA\\FUA	NKT_E @QQBGQVJ]R@NKNIN@QWWXO@@TBVRFK^I^\G[OA 3PER_\NXIACXUKAR	<
[VB^AR_KJ
4E
WXWA\\DOAQN\C[.S[ ERNE, _RV]GIQOANKTVUX]\NXTVRVK^G]\[[3PVJW]RJB_I]XWAYY[[	@NK@ZWX]\@VQ
]ZF@ODX\GISAO[ _]JYXRJCCIQ2[YQSUNSX\WXZ@@nJ^K_@\\@UA	.E[OVSJC@QF_TK_/^YUCA
=L_NXKCCYQXWHUXGIOASX_^\]@@R+
ANVFISRO[ LU]ANQNJWH]@\N[[	ANK@]WX]NNXDEJ^X^B\\G[OA 3PER_\NXIACXUHAR	<
[VB^AR_KJ
4E
WXWA\\DOAQN\C[.TW]O	nHOJ]\GKOAQVFT^WXANIAQTO]\N	 &
SLVX]]NXTVRRCARPACNBZEZ^EDOYIVYRNU@\N[[	BNK@_SP]\@VQX+RV^GUA
[VA[ARYE%IBFXTJZ\N	 &
QLVX]_VQA\CC7RBOJN 3\]Y]\PVQAQN_WNU@\@U	NIYFZ^KJ
4E
UXWA\\FUA	NKTVE @QQBBYRJ]R@NKNIN@T_WXO@@TBVRFK[AZ\G[OA 3PER_\NXIACXTMAR	<
[VB^AR^KJ
4E
WXWA\\DOAQN\C[.T[]O	nHOJ]\GKOAQVGT^WXANIA\UK]\N	 &
SLVX]]NXTVRROARPACNBYCR^EDOYIVYQH]@\N[[	BNK@_ UX]\@VQX+RV^GUA
[VA[ARYE%IBFXTJZ\N	 &
QLVX]_VQA\CC7RNOJN 3\]Y]\PVQAQN^WM^@\@U	NIYC[_KJ
4E
UXWA\\FUA	NKTZE @QQB@P\J]R@NKNIN@VVWXO@@TBVRFKYHT\G[OA 3PER_\NXIACXTMAR	<
[VB^AR^KJ
4E
WXWA\\DOAQN\C[.TY]O	nHOJ]\GKOAQVFRWWXANIA^QL]\N	 &
SLVX]]NXTVRRMARPACNBYIV^EDOYIVYQBY@\N[[	BNK@_ _\]\@VQX+RV^GUA
[VA[ARYE%IBFXTJZ\N	 &
QLVX]_VQA\CC7RLOJN 3\]Y]\PVQAQN^\NT@\@U	NIYDQ]KJ
4E
UXWA\\FUA	NKTXE @QQBA]VJ]R@NKNIN@W[WXO@@TBVRFKXE^\G[OA 3PER_\NXIACXTMAR	<
[VB^AR^KJ
4E
WXWA\\DOAQN\C[.T_]O	nHOJ]\GKOAQVDU^WXANI@QWM]\N	 &
SLVX]]NXTVRRKARPACNB_HP^EDOYIVYWC_@\N[[	BNK@_^Z]\@VQX+RV^GUA
[VA[ARYE%IBFXTJZ\N	 &
QLVX]_VQA\CC7RJOJN 3\]Y]\PVQAQN]PC]@\@U	NIXIP_KJ
4E
UXWA\\FUA	NKT^E @QQBG^TJ]R@NKNIN@QXWXO@@TBVRFK^F\\G[OA 3PER_\NXIACXTMAR	<
[VB^AR^KJ
4E
WXWA\\DOAQN\C[.T]]O	nHOJ]\GKOAQVGSZWXANIAYSH]\N	 &
SLVX]]NXTVRRIARPACNBXDT^EDOYIVYPO[@\N[[	BNK@_R^]\@VQX+RV^GUA
[VA[ARYE%IBFXTJZ\N	 &
QLVX]_VQA\CC7RHOJN 3\]Y]\PVQAQN]]H]@\@U	NIYAWZKJ
4E
UXWA\\FUA	NKT\E @QQB@ZPJ]R@NKNIN@V\WXO@@TBVRFKYBX\G[OA 3PER_\NXIACXTMAR	<
[VB^AR^KJ
4E
WXWA\\DOAQN\AZ.U]]O	nHOJ]\GKOAQVIU^WXANIB\UB]\N	 &
SLVX]]NXTVRSIARPACNB[FT^EDOYIVYSM[@\N[[	BNK@_P^]\@VQX+RV^GUA
[VA[APXE%IBFXTH[\N	 &
QLVX]_VQA\AB7SHOJN 3\]Y]\PVQAQNPPKZ@\@U	NIZCZVKJ
4E
UXWA\\FUA	NKU\E @QQBC\PJ]R@NKNIN@UZWXO@@TBVRFKZDX\G[OA 3PER_\NXIACXVLAR	<
[VB^AR\KJ
4E
WXWA\\DOAQN\AZ.U_]O	nHOJ]\GKOAQVISZWXANIBYQC]\N	 &
SLVX]]NXTVRSKARPACNB[@P^EDOYIVYSK_@\N[[	BNK@_VZ]\@VQX+RV^GUA
[VA[APXE%IBFXTH[\N	 &
QLVX]_VQA\AB7SJOJN 3\]Y]\PVQAQN_\M]@\@U	NIZAQ_KJ
4E
UXWA\\FUA	NKU^E @QQBBPTJ]R@NKNIN@TVWXO@@TBVRFK[H\\G[OA 3PER_\NXIACXVLAR	<
[VB^AR\KJ
4E
WXWA\\DOAQN\AZ.UY]O	nHOJ]\GKOAQVHZWWXANIBQQJ]\N	 &
SLVX]]NXTVRSMARPACNBUAV^EDOYIVY]JY@\N[[	BNK@_W\]\@VQX+RV^GUA
[VA[APXE%IBFXTH[\N	 &
QLVX]_VQA\CC7UOURVU,ER\\RH_QIVRSH\GU\GUA	NKP\_^]@@R+
ANVFISRO[ LV]U@@T@VRFNYIZ\G[OA 	C@TS\TZRJQ_IGKOJNXC@USS[@Q j		@@ACGJ^HZ@\[[[	3SX_WX][NXT 7_NMHSSP@Q^FR\8_XNXQW; 	^UCRSSK@Q		L^ZUZRJ_Q^F@[FT]GUA	.EYOVSJCBGOJ[Y[[	@NK@_SX]\@VQ
]ZF@OATXGISAO[ _]J\TVJCCIQ2[YQSUNSX\WZ[@@nJ^K_@\^AUA	.E[OVSJC@QF_TH[/[XUCA
=L_NXKCCYQXWHUUGISOA		@TR\T\NXT 7]NMHSSRUN	]_Y@@T@VRFKU@T\G[OA 	C@TVP]TRJQ_IGKOJN]OI[SS[@Q j		@@ACGJ^HZ@^Z[[	3SX_WX_ZNXT 7_NMHSSP@Q^FR\8_TNXQW; 	^UCRSSK@Q		LVXX_ZJC_IAXWG^^DIOA
=L\NXKCCZQRV[NUA_SXL^^U\RX_QPVXWR]UAASSAUNERO][LKC[_V/AYQI@Q@TPX_ZNXA,F@\B\\EOOA
=L^NXKCCXL_VZSJ]G3]B@AY[	
j	PXIB[AXJRV[DOSTSI@QGER_^QHDCG/RAYH\C]]@PNXKFJG^RVNCLQ[SIN_N@ZOV@NFASCVDF	F[YAWL^K\A@B=IFXHXNVENSSTUN1\JW]PJCC\Q3	PAC]C\BBU_]\T%KKIV3 Q[VB\APBNXK@DSCDDF
	UC[VRM\_NP2
BIBDXUVO	AY[A@QPTJWNPHFE[QXJ	^UCAQQLZC\SNLC	SXIQYFBXTXAR<	QV@WBOVPMCC]Q
2NMHQSSIZ_NP2
@IBDXWAR^[GIU<[@NISS3YIEXTHAR	[YRWHUB\ANLE@@KE]CXJ(HNI]AR_EQIS_V_NM[QQ[A\CN]@T^@@QAY	KDXFVO RAY[^ATIR^KJ,
EVRUOARUCQTSIZ_NE8	NXKAC[EXJ(JNI]AR]HKJ_[RHF,ZKVRX
	<		ANKS^UDO	
QIZKEYSJ]\NAC_ATBW^E
,HYF@\@\][[ QV@[VE @QQFC_RJ]R@NKNINDUYWXO@@TBVRFOZGZ\G[OA 3PER_\NXIACXVOAR	<
[VB^AR\ KJ
4E
WXWA\\DOAQN\AY.SWERNE, _RV]GIQOANKS[R_]\RVQFJ^I^A__GUA	.EYOVSJCBGOJ]UNUA_SXL _XU\RX_QPVXWRYTGASSAUNEROYZJKC[_V/AYQI@Q@TPX_YNXA,F@\B\\ELOA
=L^NXKCCXL_VZSJ]F3TG[YA
	1A^@@BC[_V
OJ]\OO[SSUN]_^ZPJ_QW%		F[YRSI]_NPJWTRVQ
][F@OB\\GISAO[ \]J_\RJCCIQ	ANVUKSSSI\Q@S\	7QIZ_V XWB[\GOOA3LVZ]\RL_QW%		D[YRSI_@SPYW^2TSXIIT2KAYRI\A@SEER\]PJFC[QRV[BIQSO[	
j	SXIB[BXJ NMAROAQLEZ]_PJCQG_RVNEIPQSIN_N@YOV@HC@YCVDF3AC]F@S
]ZZ\RL_QC7OJ]^GISUO[	
j	QXIB[@	DFHZ@\Z(AQAYN
A8HQIZCFDF NVFHVVSI\_NPJW[TN@CG/RAYH\C]]@PNXBA_IGIOJN^GOWSS[@QPUJWNPJEG[QXJ	]UCAQSOXC\SNLV3IBADF	RV^@ISUO[=QER\^RJCEG/PAYH\C_NLPX]Z=B@QQJQ3	QAC]C\CNLPOVSKJCXCXJNMNT[VI@Q	V7BQQ CDYHX	[Y[PUNERO^RCEC[_V^NM[QSZO\CN]@T]@@QA[EDXFVO&NI]DNL\JW^UJCEG%NVFKSSSO@Q	V7@QQ CD[VOB[\GO<[W[VNP2
AIBDXVVOUCRQQOXC\]@ZNXMJAS_V3 R[VB\ASB	XIK_Q	CNVUKRQ[I\Q@SY_NXXABY	CDJHX HAYAK]ATARLE%TQNYQVONMKTSSO@QjOVSHCC[_V3 P[VB\AQEZZ\RL,K^IJ(KNI]AR\E@@BA]@DXHX	[Y[SN_C@SS3ZIEXTKAR 	AYAY_N@[OV@HBE[CVDF	E[YAQHZC\A@B	KQIIBBXTJO\N<NKS[E	NXHDC[_V/UCRQSI\E@SS3XIEXTI\N^@ISU<AZQV
@S=
QNYTJ_\N		AYRJ\B\ARB	XIKY JDDF	&]QV@R^KJ	QQ	EXJ	_UCAQR@^C\SNLC	PXIQY JFXTXARRACNA]HP^EDO,PJ^KX\N[YQTI\E@SZ7@@BA[CBDF	&_QV@R^DO^UJCE4	DVRX
	<		ANKS^UDO	
QIZ@M]TJAR AYA_EZANLP%
TBVRUJ]A@N[VK[]@T_@@QAYGDXFVO QAY[^A^ER^KJBIQFZVN]@N@U
&@TRDOXIA\CBDF3AYRK\C\GNLP%
T@VRUJ]C@UKTSSJ3B^C@TNE
,HZF@\@\^[[[V@_BSVWDOIB@[TM]\N	 &
SLVX]]NXTVRUH_\NP[VQ_BVZWJANQNJWIYD\\UUA]SXLT\Y\RX_Q^7NVFIOA
NI^FR^KJ	
,IEZTJ]C@N 3]]Y]\Q_QYCD\;K\ENV[3PUJW]RJA_ITJ^HUA[ZGIOASX_^QY\NXT 7]NMHSSRUN	]Y\YNXDGJ^X^A^\GIAOAPLE[\^RJCQG\RVNDHQSSIN_N[8XIB[QF@_G\\CUA,@TUX]\VVQW; 	_UCRSSJ_NCU^S7\]VXIIT2KAYRI\A@SEER_[VCGC[QRV]EARQSUN
A8KQIZCEDF	 UCRRWUNERO_RBKC[_V^NM[PS[A\CN]@T]@@Q@[	KDXFVO&NI]ANL\JW^UJCGG%NVFKSSSM@Q	V7@QQ CD[VOB[\GM<RRNNISS3YIEXTHAR	[YQZL[J\ANLE@@B@X@DDF	&]QV@R^KJ	QQ BCDF	D[YAPHTG\A@B	HQIIBL\TJO\NR[VQ_@ZZWJAN4C F@\@@NAYQN\CX]@
G2XIBYCD\HX
	<		@NKS^TANPMCC_nBE^F@R	
 <	C@TWX_@@IALPSK]@@N[VB_@UVKJ
4E
UXWA\\FUA	NKS_KJ@IQGYQH]@N@U^QVSQ_ UX]NNXDEJ^X^AY^GIAOA.AJW]RVQIF_TJY\N<
NI]CR^SDO	nIOJ]\GJOAK[C\E=_VJW@R+
BNVFISQO[	SX\ RZ[\RVQFJ^K_B[^GUA	.EYOVSJCBGOJ]]FUA_SXL^Q_\RX_QPVXWR^UNKSSAUNERO^[CAC[_V/AYRI@Q@TPX]XNXA,F@\B\\GMOA
=L^NXKCCXL_VZSJ]D3]FIAY[	
j	PXIB[AXJRV^CAZVSI@QGER\^RCFCG/RAYH\C]]@PNXKBCG^RVNE@USSIN_N@ZOV@HJE[CVDF	F[YAQ@ZC\A@B=IEXHXNVENSSWUN1\JW]PJCC_Q3	PAC]C\BBU_]\V%BBXIJ(KNI]AR\E@@AESFDXHX	[YRQO_B\]@S=
 QNYTJ\\N AC]B_]@T_@@Q@[EDXFVO QAY[_CYGR^KJBIQGXQL]@N@U
&@TWDOXIA\C@DF3AYRK\C\ENLP%
T@VRUJ]C@UKTSSM3B]C@TNE
,HZF@\@\^[[[VAZ@TWWDOIBF\QK]\N	 &
SLVX]]NXTVRUK_\NP[VQ_APZWJANQNJWJ_D\\UUA]SXLWZY\RX_Q^7NVFIOA
NI^FR^KJ	
,IEZTJ]D@N 3]]Y]\Q_QYCEZ;CZRVU,ER\\RH_QIVRUMZCZ\GUA	NK[WQXANE, \RV]GIROA		@TPDOXIVZQNY@\N[[	ANK@\ S\]\@VQ
]YF@OBYXCISAO[=TOVPJ_QUQNZSJ\B@N<QV@P^VZANE, ^RV]GIPO[^D\AV1VQOVXT 7^NMHSSQUN@TVX^XRJ_Q^F@\C[_@IOA
=L\NXKCCZQRV]F@OA 	B@TTZYTRJQ_IGHOJN_EM[SS[@QPVJWNQHGK[QXJ3AYH\_NLU_]\VVQ^+ XWA^\GIWOA
	1A_@@BC[XJVM]@X3FH[AYN
A8HQIZCFDF NVDIPSSI\_NPJW]QOGJ[Q3	RAC]C\@NLY @@BBSQ	CNVUJQRUI\Q@SY_NXX@AZCDJHX HAYAJ^BZARLE%TQNYTVONMKTSSM@QjOVSHCC[_V3 P[VB\AQEZZ\RI,BYQNF	&^QV@R^KJXI@_BGXTVO AYRMZJXANLP%
TBVRUJ]A@N[VB^ENLC	QXIQXCLXTXARQACN@XAZ^EDOZIV[PJU@\N[[ 
3LVXANQIYCD[HX	(AYH^C\AQB	,AGJ^K]@_[[QTSH^,XSX	,AFJ^K]@^@UAC]J\ANLE@@BFX_V3 R[VB\ASB	XIGG^RVNEMSSAUNERO^VJCQG\RVNEMSSAUN1GNXHC_IXVRVM]A^@U&NKS\WY_@@R+
CNVFISPUNA[AS\jRJW@R+
BNVFISQO[	SX]WXANIFXRJAR	
 <	@@TWX\@@]QN]HX JAYAJ^C\SNLC	PXIQXCDJHX HAYAJ^C\SNLV3IADDF	RV^@IRQO[=QER\^RJBAG/PAYH\C_NLPX\^=LQI/QAYH\C^]@MJWYTJC_IAXWBZ\GUA	.EYOVSJCBGOJZ@U_QVSV^WJANQNJPJ]@N@U]QVSV^WJAN4C F@_@@NAYQN\B^]@
G2XIBYCEZHX
	<		@NKS^TANPMCBYnDVRX
	<		ANKS^UDO	
QISCDDF
	UCPRVI@Q	V7BQQ CDYHX	[YTO[ ]]JYTRJQ_IGHOJNXOISAO[ _]JYTRJQ_IR;	NMKSOAQVCU^UDO,UQNYVJ]A^@U,ER\\RI_IDDYV%\RVU,ER\\RH_QIVRTVO AYSUN
A8KQIZCEDF	 UCROAQLEXO@@TAVRFJO\NR[VQ\SNLV3IADDF	RV^@IRQO[=QER\^RJBAG/PAYH\C_NLPX\^=HQI/QAYH\C^]@MJW_RJ_Q^F@X@\@U,ER\\RK_QTF@_\NP[VQTARLE AQQKDXFVO RAY[TC\SNLV3IADDF	RV^@IRQO[=QER\^RJBAG/PAYH\C_NLPX\^=IQI/QAYH\C^]@MJWURJ_Q^F@\@]\[[3PVJW]RJB_I]XWC@NJNIN@T^EDOYIVYRJ]R@NHNIN@T^EDO,PJ^H]\N[YQTI]A@SZ7@@BA[BFDF	&_QV@R^DO^UJBA4	QNF	&^QV@R^KJXIB[CDDF
	UCPTRI@Q	V7BQQ CDYHX	[Y[O[ ]]JXZRJQ_IGHOJNYAISAO[ _]JXZRJQ_IR;	NMKSOAQVCU^UDO,UQNYVJ]A^@U,ER\\RI_IDDYV%TRVU,ER\\RH_QIVRUIX@\@U	NIXCZ^E
,HYF@\@\][[ QVHNLC	QXIQ]CDJHX KAYAOXC\SNLC	SXIQ]CDJHX([VA\]@QER_[RKA_IU;	RV]EISRQUN
A8IQIZCGHX_G\^A&WUACQ	V7AQQ CDZHXNMJSWQI\_NPJW_QHACG/RAYH\C]]@PNXNE_IGIOJNUFKSSAUNEROUSHCCIQ	ANVU@RQSIN_N[8XIA[QF@_G\^AUA,@TUX]^TVQW; 	_UCRSSJ_NCU^Q7Y[@@QW%		E[YRSI^_N][\TTJC_IAXWCX^EIOA
=L\NXKCCZQRVX@UA_SXLS\]\@VQ
]ZF@OIXXGIAOASLEQYXRJQ_IR;	NMKSOAQVCU^QDO,UQNYVJ]BZ@U,ER\\RI_IDDZR%YDNV[3PUJW]RJA_ITJ^HZFZ\GUA	NKQ_PXANE, \RV]GIROA		@TSDOXIVPPB]@N@U^QVSZZWXO@@TBVRFBYH\\UUA ,]Z]@@QQDDZRVO&
AC]A\APXE
,H[F@\@\_
UAQTI]E3@Q\]O	nHOJ]\GKOAQVESV^X]@@
CQNYRHTD\@U,ER\\RK_QTF@\C^@U_QVSQXSX]NNXDFJ^X^FZXGIAOASLE[[ZVJCQG
%	UCQSO[NKPYV^AN4XVRUH]@]Z[[3PTJW]RJ@GACXUL2A__UCA
=L_NXKCCYQXWD^TDKSSO[LV^X\RJ_QW%		F[YRSI]_NPJW]QI_QPWXWR_ZNOSSAUNERO_TCEC[_V]NM[PUZO\CN]@Z2QQCXJOJ^[GHUOA.
]Y_\RKE_IT2JAYRI\@]@\WY[3SICQQJQ3	QAC]C\CNLPOVVJCFXCXJNMHV[[O\_NP2
BIBDXUVO	AYRJ\_N@[OV@IEC[CVDF	E[YAPO\C\A@B	KQIIEDXTJO\N<NKP^E	NXHDCZ_V/UCRQSI]E@SS3XIEXTI\N^@IQU<MYQV
@S=
QNYTJ_\N		AYQ@\A\ANLE@@@AYCXJ(HNI]AR_EQI__V_NM[[[SI\Q@SY_NXXKK[CVDF	F[YA[A\C\SNLV3IADDF	RV^@IQUO[=QER\^RJAEG/PAYH\C_NLPX\Z=K@EIV3 Q[VB\APBNXNFD^CDDF
	UCRTRKZC@SS3ZIEXTKAR 	AYH_E@SY^NXX@DRCDJHX KAYAJ[J^ARLE BQQ@CQVJ]R@N
<	SX\KJ@@AD[ EXJ  3[YRQI\BZ]@S=
QNYTJ^@NENSRU&]@[SX	,AFJ^K]@^@UACXE[GZ^KJQQ DG[SJAR	
 <	@@TWX\@@]QNYWMARPACN@TCV^EDOYIV[\HY@\N[[	BNK@]U\]\@VQX+RV^GUA
[VA[ASXE%IBFXTK[\N	 &
QLVX]_VQA\BB7UIYRVU,ER\\RH_QIVRPIZI]\GUA	NKSXW_]@@R+
ANVFISRO[ LV[Y@@T@VRFIZBT\G[OA 	C@TT__TRJQ_IGKOJN_@K[SS[@Q j		@@ACGJ^HZ@]Z[[	3SX_WX\ZNXT 7_NMHSSP@Q^FR_8Y^Y@@QW%		E[YRSI^_N]\Y[TMCCGOJ]ZNHUSO[	
j	SXIB[BXJ NMHPVO[ ]]J^[TJCCIQ	BNVUJTUSI\Q@SY\NXX@D]CDJHX([VA\]@QER_[RKE_IU;	RV]EISRUUN
A8IQIZCGHX_G\]E&RWT[VNP2
AIBDXVVOUCVT[K^C\]@ZNXKJFYCXJ(HNI]AR_EQIZDXJ	_UCAWRMXC\SNLC	PXIQ_ G@XTXARRACNG]EV^EDO,PJ^H]\N[YQTI]A@SZ7@@BA[BFDF	&_QV@R^DO^UJAE4AVRX
	<		ANKS^UDO	
QIYCBXTVO AYQ@_E\]@S=
 QNYTJ\\N ACXA@SY^NXXDK_CVDF	E[YATAXC\SNLC	SXIQ\	GDXFVO&NI^ANL\JW^UJAEG%NVFKSSQO@Q	V7@QQ CD[VOB[\FO<RPANISS3YIEXTHAR	[YWTNUG\ANLE@@BD^CDDF	&]QV@R^KJ	QQ @LDF	D[YAPAYE\A@B	HQIIKA^TJO\NR[VQ_IWXWJAN4C F@_@@NAYQN\BZ]@
G2XIBYCE^HX
	<		@NKS^TANPMCB]nBGQF@R	
 <	C@TWX_@@IGLPWL]@@N[VB[FTZKJ
4E
UXWA\\FUA	NKS]KJ@IQGP\B]@N@U^QVSQV_X]NNXDEJ^X^HTTGIAOA.AJW^RVQIF_TK[\N<
NI]CR^QDO	nIOJ]\GJOAK[C]C=_TJW@R+
BNVFISQO[	SX[VP_\RVQFJ^KUF__GUA	.EYOVSJCBGOJ]XDUA_SXLWY[\RX_QPVXWRX\FOSSAUNEROXRKEC[_V/AYQI@Q@TPX\^NXA,F@\B\\FKOA
=L^NXKCCXL_VZSJ\B3]CKAY[	
j	PXIB[AXJRVYEIU[SI@QGER\TVKGCG/RAYH\C]]@PNXKGAG^RVND@[WSIN_N@ZOV@IJK_CVDF	F[YAP@TG\A@B=IFXHXNVENSRQUN1\JW]PJCBYQ3	PAC]C\BBU_]]P%BGZIJ(KNI]AR\E@@FCRADXHX	[YR[HUE\]@S=
 QNYTJ\\N AC]G]]@T_@@Q@RADXFVO QAY[_JYCR^KJBIQGQQH]@N@U
&@TWDOXIA\BFDF3AYRK\C]CNLP%
T@VRUJ]C@UKTSQO3G_SX	,AFJ^K]@^@UAC^E_ER^EQIX@EXHX
	<		BNKS^VDO IGGDF	D[YA[HZC\SNLC	PXIQS EDXFVO RAY[TBZARLE%TQNZTVONMKTSQO@QjOVSHCCY_V3 P[VB\AQEZZ\PL,G[IJ(KNI]AR\E@@AA]CDDF
	UCQTW@\_NP2
BIBDXUVO	AYWI@QPTJWNUHCC[_V^NM[TQSI\Q@SY\NXXDA[CVDF3AC^C@S
]ZZ\PL_QC7OJ]^GIQUO[	
j	QXIB[@	DFHZ@\[(HQZACQ	V7AQQ CDZHXNMJZRV@\C@SBOVSOEK__V3 R[VB\ASB	XIBY_V_NM[PVUA\CN]@T^@@Q@^KDXFVO RAY[_FZIR^KJ,
EVRVJARUCQTSI[_NE8	NXKAC[DXJ(JNI]AR]HKJ_[RJD,ZKVRX
	<		ANKS^UDO	
QIX	ALXTJAR AYHYGTBRB	,AEJ^K]@]@UNI]CZB	IQIIFG^TJO\NQ[VQ_DQXWJAN QNJWO^F\\UUA ,]Z]@@QQDDXSVO&
AC]A\ARYE
,H[F@\@\_
UAQTI\D3@PY]O	nHOJ]\GKOAQVBUZQX]@@
CQNYQHUD\@U,ER\\RK_QTF@\B[@U_QVSQ[SX]NNXDFJ^X^E\XGIAOASLE[X\VJCQG
%	UCQSO[NKPYW_AN4XVRUH]@\[[[3PTJW]RJ@GACXTM2A^ZUCA
=L_NXKCCYQXWCZYANSSO[LV]]TTJ_QW%		F[YRSI]_NPJW]PL_QPWXWR_X@KSSAUNERO_VMAC[_V]NM[PWTK\CN]@Z2QQCXJOJ^[GITOA.
]Y_\RJD_IT2JAYRI\@]@\WXZ3SHFQQJQ3	QAC]C\CNLPOVQOD@XCXJNMHW[[@\_NP2
BIBDXUVO	AYRKY_N@[OV@IGG[CVDF	E[YAPMXC\A@B	KQIIG@XTJO\N<NKP^E	NXHDC[_V/UCRQSI\D@SS3XIEXTI\N^@IST<H^GNKLP%
TAVRUJ]B@NAYJXJ]BR^EQIZEM\TVO

< ]SX_WYANIEZPVO PAY[_G\IR^KJAIQG\TB]@N@U]QVSQZ_X]NNX_,	OJ^\[[
AC^D\AUB=QQ ADXTMAR	
 <	B@TWX^NXAD[D+YVIOJN 3\]Y]\PVQAQN[PK]H\\[[QV@V[WXANE, \RV]GIROA		@TU[ANQNJWIZF\\UUA^SXLT_[\RX_QPUXWR__@OSSAUN1GNXHC_IXVRVM]@[@U&NKS\WXZ@@R+
CNVFISPUNA[ARYjVZ_NXQW; 	^UCRSSK@Q		LT[^]ZJC_IAXWAX_GNSOA
	1A]@@BC[ _VNVFKQOAQLE[^XVJCQG_RVNDJWWSIN_N@YOV@I@G_CVDF3AC^C@S
]ZZ\RM_QC7OJ]^GISTO[	
j	QXIB[@	DFHZ@\[(HQRACQ	V7AQQ CDZHXNMJQVWK\C@SBOVSNBB]_V3 R[VB\ASB	XIBY _V_NM[PPRK\CN]@T^@@Q@X ADXFVO RAY[_@]CR^KJ,
EVRVJARUCQTSI[_NE8	NXKAC[DXJ(JNI]AR]HKJ_[RJD,ZCVRX
	<		ANKS^UDO	
QIX DLYTJAR AYH_J^GRB	,AEJ^K]@]@UNI]CRB	IQIIALXTJO\NQ[VQ_CZ^WJAN QNJWHU@\\UUA ,]Z]@@QQDDXSVO&
AC]A\ARYE
,H[F@\@\_
UAQTI\A3@PX]O	nHOJ]\GKOAQVBT[PX]@@
CQNYQJUF\@U,ER\\RK_QTF@\BZ@U_QVSQZUX]NNXDFJ^X^D[^GIAOASLE[Y[PJCQG
%	UCRSO[NKPYWZAN4XVRUH]@\^[[3PTJW]RJ@GACXTH2A^[UCA
=L_NXKCCYQXWC[XFOSSO[LV]_TVJ_QW%		F[YRSI]_NPJW]PM_QPWXWR_YGMSSAUNERO_WJGC[_V]NM[PVSM\CN]@Z2QQ CXJOJ^[GIQOA.
]Y_\RJA_IT2JAYRI\@]@\WX_3SHGQQJQ3	QAC]C\CNLPOVQNJBXCXJNMHWUZM\_NP2
BIBDXUVO	AYRKX_N@[OV@IGCSCVDF	E[YAPM\K\A@B	KQIIGDPTJO\N<NKS^E	NXHDC[_V/UCRQSI\A@SS3XIEXTI\N^@ISQ<H^FNKLP%
TAVRUJ]B@NAYJYD_BR^EQIZKLQTVO

< ]SX_WYANIEZQVO PAY[_GXAR^KJAIQG\PJ]@N@U]QVSQZWX]NNX_,	OJ]\[[
AC^D\APB=QQ ADXTHAR	
 <	B@TWX^NXAD[A+YVHOJN 3\]Y]\PVQAQN[WI\H\\[[QV@V]PXANE, \RV]GIROA		@TUZANQNJWIYD\\UUA^SXLT\Y\RX_QPUXWR__CMSSAUN1GNXKC_IXVRVM]@^@U&NKS\WX_@@R+
CNVFISPUNA[AR\jVZ^NXQW; 	^UCRSSK@Q		LT\\\ZJC_IAXWAXYGISOA
	1A]@@BC[ _VNVFKPOAQLE[^[TJCQG_RVNDJTUSIN_N@YOV@I@D]CVDF3AC]C@S
]ZZ\RH_QC7OJ]^GISQO[	
j	QXIB[@	DFHZ@\^(HQSACQ	V7AQQ CDZHXNMJRT[H\C@SBOVSIJA]_V3 R[VB\ASB	XIBY_V_NM[PQ[I\CN]@T^@@Q@Y	CDXFVO RAY[_ATAR^KJ,
EVRUJARUCQTSI^_NE8	NXKAC[AXJ(JNI]AR]HKJ_[RJA,ZBVRX
	<		ANKS^UDO	
QIXF@ZTJAR AYHXB]GRB	,AEJ^K]@]@UNI]CSB	IQII@EZTJO\NQ[VQ_BS\WJAN QNJWI\B\\UUA ,]Y]@@QQDDXVVO&
AC]A\AR\E
,H[F@\@\_
UAQTI\A3@PV]O	nHOJ]\GKOAQVBZ\WX]@@
CQNYQNUC\@U,ER\\RK_QTF@\BT@U_QVSQ[QX]NNXDFJ^X^E_ZGIAOASLE[X_TJCQG
%	UCRSO[NKPYWZAN4XVRUH]@\^[[3PTJW]RJ@GACXTH2A^UUCA
=L_NXKCCYQXWCU]B@SSO[LV][TVJ_QW%		F[YRSI]_NPJW]PC_QPWXWR_YAASSAUNERO_WLKC[_V]NM[PVUA\CN]@Z2QQ CXJOJ^[GIQOA.
]Y_\RJA_IT2JAYRI\@]@\WY_3SLDQQJQ3	QAC]C\CNLPOVZOKAZCXJNMKWPSN\_NP2
BIBDXUVO	AYRO[_N@[OV@NDK_CVDF	E[YAWNTG\A@B	KQIIDL\TJO\N<NKP^E	NXHDCZ_V/UCRQSI]A@SS3XIEXTI\N^@IRU<JTQV
@S=
QNYTJ_\N		AYQI_E\ANLE@@AF]CXJ(HNI]AR_EQIX	_V_NM[UVUI\Q@SY_NXXEF]CVDF	F[YAULZC\SNLV3IADDF	RV^@IRUO[=QER\^RJBEG/PAYH\C_NLPX\Z=IJQQJQ3	QAC]C\CNLPOVPKGK[_VNVEOVTSUN
A8KQIZCEDF	 UCPZO[ ]]J[TZJCQG_RVNAA[SS[@QPVJWNTBKC[_V/AYQI@Q@TPX\ZNXA,F@\B\\FOOA
=L^NXKCCXL_VZSJ\F3_C[YA
	1A^@@BC[_V
OJ]ZEMSSO[LUZ\[RVQW; 	]UCRSSH@Q YER^XNXDGJ^XXBT\G[OA 	C@TRZU\RX_QPUXWRY^OISAO[=TOVPJ_QUQNZSJ\F@N<QV@P^V^ANE, ^RV]GIPO[^D\@T1RJW@R+
BNVFISQO[	SX_UZ]\NXTVRVI]C\@U,ER\\RK_QTF@^E@NJNINDT^WJANQNJQL]@\N[[	BNK@[WX]NNX_,	OJ^\[[
AC^D\@TB=QQ ADXULAR	
 <	B@TWX^NXAD[ E+[RXWN	 &
PLVX]^NXIEPVI]@@N[VA_HR^E
,HYF@\@\][[ QVBTB	IQIIJFXTXARQACNFUCR^KJBIQAQVJ]R@N
<	SX\KJ@@AD[ EXJ  3[YRQI\BZ]@S=
QNYTJ^@NENSRU&_DNKLP%
TAVRUJ]B@NAYHUATARB	XIA_KDDF	&]QV@R^KJ	QQDXJ	_UCAUQM\CN]@T^@@QEYCDJHX HAYAO^G\A@B=IFXHXNVENSRUUN1\JW]PJCB]Q3	PAC]C\BBU_]]T%@CIV3 Q[VB\APBNXKAESCXJNMH[[WI@Q	V7BQQ CDYHX	[YPSUNEROXRJCCIQ	BNVUMSSSIN_N@YOV@NCC[QXJ3AYK\_NLU_]]TVQ^+ XWA^\GHUOA
	1A_@@BC[XJVM]AZ3DHAY[	
j	PXIB[AXJRV]DLQSSUN]YTZWJ_QW%		F[YRSI]_NPJW_SVQ
][F@OD_^GIAOAPLE\^^RJQ_IGKOJNXDKSSAUN1GNXHC_IXVRVM]AZ@U&NKS\WY[@@R+
CNVFISPUNA[ASXjTZOVXT 7^NMHSSQUN@TS[T\RVQFJ^H]DT\[[3PVJW]RJB_I]XWC^@U_QVSVXWXO@@TAVRFN[D\\UUA]SXLQ\]\@VQX+RV^GUA
[VA[ASXE%IBFXTK[\N	 &
QLVX]_VQA\BB7WIOJN 3\]Y]\PVQAQNYQI]@\@U	NI^@Q\KJ
4E
UXWA\\FUA	NKQ]E @QQGM^TJO\NQ[VQXHT^EDOZIV\]L]@N@U
&@TWDOXIA\BBDF3AYRK\C]GNLP%
T@VRUJ]C@UKTSSA3B\C@TNE
,HZF@\@\^[[[VA\CTWWDOIBD_VI]\N	 &
SLVX]]NXTVRUJ_\NP[VQ^FRZWJANQNJVM]D\\UUA]SXLPXY\RX_Q^7NVEIOA
NI^FR^KJ	
,IEZTJ]H@N 3]]Y]\Q_QYCEY;K_GNV[3PUJW]RJA_ITJ^IZD]ZGIOASX_ UPY\NXT 7]NMHSSRUN	]Y_[NXDGJ^X^E\XGIAOAPLE[X\VJCQG\RVNDLSWSIN_N[8XIA[QF@_G\]FUA,@TUX]]SVQW; 	_UCRSSJ_NCU^V7\^VXIIT2KAYRI\A@SEER^X[K@C[QRV]COZWSUN
A8KQIZCEDF	 UCRQWUNERO_VJKC[_V^NM[PWSA\CN]@T]@@Q@_KDXFVO&NI^ANL\JW^UJBBG%NVFKSSRH@Q	V7@QQ CD[VOB[\FH<RQLNISS3YIEXTHAR	[YPVN_@\ANLE@@BGS	JDDF	&]QV@R^KJ	QQ AADF	D[YAPMXC\A@B	HQIIG@XTJO\NR[VQ_EV^WJAN4C F@_@@NAYQN\B]]@
G2XIBYCEYHX
	<		@NKS^TANPMCBZnBFZF@R	
 <	C@TWX_@@I@G[UB]@@N[VBXBRYKJ
4E
UXWA\\FUA	NKS\KJ@IQG[PN]@N@U^QVSQ]SX]NNXDEJ^X^CXXGIAOA.AJW^RVQIF_TK\\N<
NI]CR^VDO	nIOJ]\GJOAK[C\I=_TJW@R+
BNVFISQO[	SX\_XU\RVQFJ^K]HU\GUA	.EYOVSJCBGOJ]\DUA_SXLP[[\RX_QPVXWR^[DOSSAUNERO^UIEC[_V/AYQI@Q@TPX]TNXA,F@\B\\GAOA
=L^NXKCCXL_VZSJ\A3]EIAY[	
j	PXIB[AXJRV_FN[RSI@QGER\_[HECG/RAYH\C]]@PNXKACG^RVNDK[SSIN_N@ZOV@IAK[CVDF	F[YAPKTC\A@B=IFXHXNVENSRRUN1\JW]PJCBZQ3	PAC]C\BBU_]]S%BAZIJ(KNI]AR\E@@@A^ADXHX	[YRWH]E\]@S=
 QNYTJ\\N AC]A]]@T_@@Q@X ADXFVO QAY[_@]CR^KJBIQG[UH]@N@U
&@TWDOXIA\BEDF3AYRK\C]@NLP%
T@VRUJ]C@UKTSSO3B\I@TNE
,HZF@\@\^[[[VA_GU_WDOIBE_PN]\N	 &
SLVX]]NXTVRUJU\NP[VQ^I[XWJANQNJVBTF\\UUA]SXL_Q[\RX_Q^7NVFLOA
NI^FR^KJ	
,IEZTJ]F@N 3]]Y]\Q_QYCD^;K]INV[3PUJW]RJA_ITJ^HYB[[GIOASX_^YT\NXT 7]NMHSSRUN	]Y]UNXDGJ^X_I^TGIAOAPLEZT^ZJCQG\RVNE@Q[SIN_N[8XIB^QF@_G\\AUA,@TUX]\TVQW; 	_UCRSSJ_NCU^T7TNXQW; 	^UCRSSK@Q		LV[X\RVQFJ^N_H\@U,ER\\RK_QTF@T\NP[VQZER^KJAIQB\TJO\NR[VQZER^KJ,
EVRVJARUCQTSH__NE8	NXKAC[ @XJ(JNI]AR]HKJ_[RK@,SIJ(KNI]AR\E@@BC]CXJNMJTRSUN
A8KQIZCEDF	 UC[OAQLE][\RX_QPVXWRYZGIAOASLE][\RX_Q^7NVEIOA
NI^FR_KJ	
,IEZTJ\C@N 3]]Y]\Q_QYCD^;K]@NV[3PUJW]RJA_ITJ^KTB^XGIOASX_TQ_\NXT 7]NMHSSRUN	]Y]\NXDGJ^X_FX\GIAOAPLEZ[XRJCQG\RVNEOWSSIN_N[8XIB^QF@_G\\AUA,@TUX]\TVQW; 	_UCRSSJ_NCU^Q7\\SXIIT2KAYRI\A@SEER\UUNBC[QRV]GLVTSUN
A8KQIZCEDF	 UCRSRUNERO^TMAC[_V^NM[QUTK\CN]@T]@@QA]ADXFVO&NI]DNL\JW^UJCEG%NVFKSSSO@Q	V7@QQ CD[VOB[\GO<RSKNISS3YIEXTHAR	[YQSKZJ\ANLE@@BC\@DDF	&]QV@R^KJ	QQ CFDF	D[YAQN\G\A@B	HQIIDD\TJO\NR[VQ^FRZWJAN4C F@\E@NAYQN\CZ]@
G2XIBYCD^HX
	<		@NKS^TANPMCC]nBD[F@R	
 <	C@TWX_@@IADPTB]@@N[VB\I[^KJ
4E
UXWA\\FUA	NKS^KJ@IQF_WL]@N@U^QVSPYQX]NNXDEJ^X_G_ZGIAOA.AJW]WVQIF_TJ[\N<
NI]CR^QDO	nIOJ]\GJOAK[C\G=_SJW@R+
BNVFISQO[	SX\T]U\RVQFJ^K\@YTGUA	.EYOVSJCBGOJ]\CUA_SXLP^U\RX_QPVXWR^[AASSAUNERO^ULKC[_V/AYRL@Q@TPX]ZNXA,F@\B\\GOOA
=L^NXKCCXL_VZSJ]F3]GLAY[	
j	PXIB[AXJRV^F@RZSI@QGER\]PHKCG/RAYH\C]]@PNXKCFG^RVNEASSSIN_N@ZOV@HKC[CVDF	F[YAQA\C\A@B=IE]HXNVENSSUUN1\JW]PJCC]Q3	PAC]C\BBU_]\T%BC]IJ(KNI]AR\E@@AA_ADXHX	[YRRJUJ\]@S=
 QNYTJ\\N AC]CZ]@T_@@QASADXFVO QAY[^K_CR^KJBIQFPWH]@N@U
&@TRDOXIA\CBDF3AYRK\C\GNLP%
T@VRUJ]C@UKTSSO3B\F@TNE
,HZF@\@\^[[[VA_AUXWDOIBE]SK]\N	 &
SLVX]]NXTVRUJZ\NP[VQ^ITZWJANQNJVB[D\\UUA]SXL_^Y\RX_Q^7NVFLOA
NI^FR^KJ	
,IEZTJ]F@N 3]]Y]\Q_QYCD[;OURVU,ER\\RH_QIVRQJUA\\[[QVEWWWDO	nKOJ]\GHOA SX[KJ@IQEZ]L]@N@U^QVSS\QX]NNXDEJ^X\BUZGIAOA.AJW]RVQIF_TJ^\N<
NI]CR^TDO	nIOJ]\GJOAK[C\B=[ERNE, _RV]GIQOANKW\TX]@@
CQN\SJ[@@N 3_]Y]\SVQGJ^OT\NP[VQ]BPVWJANQNJUI_H\\UUA]SXLTZU\RX_Q^7NVFIOA
NI^FR^KJ	
,IEZTJ]C@N 3]]Y]\Q_QYCDP;BYRVU,ER\\RH_QIVRUH_FX\GUA	NKUW_XANE, \RV]GIROA		@TSDOXIVZUHU@\N[[	ANK@\UP]\@VQ
]YF@OB]^OISAO[=TOVPJ_QUQNZSJ]H@N<QV@P^WPANE, ^RV]GIPO[^D\AZ1RJW@R+
BNVFISQO[	SX_Q[^\RVQFJ^B]G_\[[3PVJW]RJB_I]XWHY@U_QVSP_WX]NNXDFJ^X_AZ\GIAOASLEZ\ZRJCQG
%	UCQSO[NKPYWPAN4XVRUH]@\T[[3PTJW]RJ@GACXTB2H^NMA	.EZOVSJCAGF@\AYYGISOA		@TQ\^\NXT 7]NMHSSRUN	]P_@@T@VRFH]FX\G[OA 	C@TUX[XRJQ_IGKOJN^GOWSS[@Q j		@@ACGJ^HZ@\T[[	3SX_WX]TNXT 7_NMHSSP@Q^FR^8P^NXQW; 	^UCRSSK@Q		LVYT\QJC_IAXWG[TBIOA
=L\NXKCCZQRVTDUA_SXLWQ[\RX_QPVXWR^\NOSSAUNERO^RCEC[_V/AYQI@Q@TPX]TNXA,F@\B\\GAOA
=L^NXKCCXL_VZSJ]H3TG[YA
	1A^@@BC[_V
OJ]\OO[SSUN]_^ZPJ_QW%		F[YRSI]_NPJWTRVQ
][F@OB\\GISAO[ \]J_\RJCCIQ	ANVUKSSSI\Q@S\	7QIY_V XWB[\GAOA3LVZ]\RB_QW%		D[YRSI_@SPYWP2TSXIIT2KAYRI\A@SEER\]PJFC[QRV[BIQSO[	
j	SXIB[BXJ NMAROAQLEZ]_PJCQG_RVNEIPQSIN_N@YOV@HC@YCVDF3AC^C@S
]ZZ\RB_QC7OJ]^GIS[O[	
j	QXIB[@	DFHZ@\_(LSAYN
A8HQIZCFDF NVDOWVSI@QGER^[PBC_IT2HAYRI\B@SCOVWJ_QPWXWR]\CISSAUNERO]RNCC[_V]NM[RSWI\CN]@Z2QQ CXJOJ^[GIPOA.
]Y_\RJ@_IT2JAYRI\@]@\WX^3WKQI/QAYH\C^]@MJW_ZJDC[QRV_OJQSO[	
j	SXIB[BXJ NMLROAQLEY][PJCQG_RVNFITQSIN_N@YOV@KCDYCVDF3AC]C@S
]ZZ\RI_QC7OJ]^GISPO[	
j	QXIB[@	DFHZ@\_(LQAYN
A8HQIZCFDF NVD@TWSI@QGER^UQMC_IT2HAYRI\B@SCOVWH_QPWXWR]]GMSSAUNERO]SJGC[_V]NM[RRSM\CN]@Z2QQ CXJOJ^[GIPOA.
]Y_\RJ@_IT2JAYRI\@]@\WX^3WIQI/QAYH\C^]@MJWXSNEC[QRVXGMPSO[	
j	SXIB[BXJ NMLPOAQLEY\_TJCQG_RVNFHPUSIN_N@YOV@KB@]CVDF3AC]C@S
]ZZ\RI_QC7OJ]^GISPO[	
j	QXIB[@	DFHZ@\_(LWAYN
A8HQIZCFDF NVCJQPSI@QGERY]WKC_IT2HAYRI\B@SCOVWN_QPWXWR]]AASSAUNERO]SLKC[_V]NM[RRUA\CN]@Z2QQ CXJOJ^[GIPOA.
]Y_\RJ@_IT2JAYRI\@]@\WX^3WOQI/QAYH\C^]@MJWXWJFC[QRVXEOSSO[	
j	SXIB[BXJ NMLVOAQLEY_\RJCQG_RVNFKSSSIN_N@YOV@KAC[CVDF3AC]C@S
]ZZ\RI_QC7OJ]^GISPO[	
j	QXIB[@	DFHZ@\_(LUAYN
A8HQIZCFDF NVCOZQSI@QGERY_UJC_IT2HAYRI\B@SCOVWL_QPWXWR]^DKSSAUNERO]PIAC[_V]NM[RQPK\CN]@Z2QQ CXJOJ^[GIPOA.
]Y_\RJ@_IT2JAYRI\@]@\WX^3WMQI/QAYH\C^]@MJWXZBGC[QRVXCARSO[	
j	SXIB[BXJ NMLTOAQLEY_ZVJCQG_RVNFKUWSIN_N@YOV@KAE_CVDF3AC]C@S
]ZZ\RI_QC7OJ]^GISPO[	
j	QXIB[@	DFHZ@]](HS[ACQ	V7AQQ CDZHXNMKPUTH\C@SBOVSKDG__V3 R[VB\ASB	XIB[	_V_NM[Q[ZO\CN]@T^@@QASEDXFVO RAY[^KUGR^KJ,
EVRVJARUCQTSH]_NE8	NXKAC[ BXJ(JNI]AR]HKJ_[RKB,ZJVRX
	<		ANKS^UDO	
QIYAC_TJAR AYH]J]HRB	,AEJ^K]@]@UNI]A[B	IQIIJFPTJO\NQ[VQ^HPVWJAN QNJVC_H\\UUA ,]Z]@@QQDDYUVO&
AC]A\AS_E
,H[F@\@\_
UAQTI]A3@ZLJ
4E
VXWA\\EUA	NIXI[^KJQQJ@XHX
	<		BNKS^VDO IBLDF	D[YAQITC\SNLC	PXIQYKDXFVO RAY[^CTARLE%TQNZTVONMKTSRK@QjOVSHCCZ_V3 P[VB\AQEZZ\SH,BRIJ(KNI]AR\E@@F@RCXJNMHSUQI@Q	V7BQQ CDYHX	[YRZUNERO^PNCCIQ	BNVUKQWSIN_N@YOV@HAG[QXJ3AYK\_NLU_]]PVQ^+ XWA^\GHQOA
	1A_@@BC[XJVM]A]3FIWAYN
A8HQIZCFDF NVEHPV[I\_NPJW]SJFK[Q3	RAC]C\@NLY @@BC_Q	CNVUKTU[I\Q@SY_NXXAD]	CDJHX HAYAK[ETARLE%TQNZTVONMKTSRH@QjOVSHCCZ _V3 P[VB\AQEZZ\SK,B[QNF	&^QV@R^KJXIAZBMXTVO AYRH^ATANLP%
TBVRUJ]A@N[VB\DNLC	QXIQY	CDXTXARQACNATAR^EDOZIVZ\J]@\N[[ 
3LUXANQIYCEYHX	(AYH^C\@SB	,AGJ^K]@_[[QTSH],]ATLJ
4E
VXWA\\EUA	NI^CVWWXANIEYWCT@@N 3_]Y]\SVQGJ^K]F@NJNINCZ]WXO@@TAVRFHUC^\G[OA 	@@TUP^^RJQ_IR;	NMKSOAQVCU^VDO,UQNYVJ]A]@U,ER\\RI_IDDYU%\@[NMA	.EZOVSJCAGF@_C\[AISOA		@TV]Z]RVQW; 	]UCRSSH@Q YER\\UVQ
][F@OBTZCISAO[ \]J_TTNCCIQ	ANVUK[UWI\Q@S\	7QIY_V XWB[\FHOA3LVZ]\SK_QW%		D[YRSI_@SPYVY2]RJQI/QAYH\C^]@MJW][HAG[_VNVFIPZQI@Q	V7BQQ CDYHX	[YRSI@QPTJWNPLGC[QXJ	^UCAQUM\C\SNLC	SXIQYGDXTXAR<	QVCRBOVPMCBZQ
2NMHQSSH]_NP2
@IBDXWAR^[GHR<RI]QV
@S=
QNYTJ_\N		AYR@[G]ARB	XIB[FCXHX
	<		BNKS^VDO IBDYHX JAYAKZD^ARLE AQQAB_VJ]R@NHNINCTYWXO@@nXWB\@UAYK[C]@NLQ3QIZCDYUVO

< _SX_W[@@HDCZ ,EXVXWN	 &
PLVX]^NXIFXVLT@\@U	NI]AU\WDO	nKOJ]\GHOA SX_UDOXIVZSJY@\N[[	ANK@\W\]\@VQ
]YF@OB[\CISAO[=TOVPJ_QUQNZSJ\A@N<QV@P^VYANE, ^RV]GIPO[^D\@S1W[OVXT 7^NMHSSQUN@TWP]TRJ_Q^F@\@TUGIOA
=L\NXKCCZQRV]GJOA 	B@TU_^ZRJQ_IGHOJN^@JUSS[@QPVJWNPM@E[QXJ3AYK\_NLU_]]SVQ^+ XWA^\GHROA
	1A_@@BC[XJVM]AY3FMWAYN
A8HQIZCFDF NVBMPRWI\_NPJW]ZBFG[Q3	RAC]C\@NLY @@BG_Q	CNVUMSW[I\Q@SY_NXXGC_	CDJHX HAYAM\GTARLE%TQNZTVONMKTSRL@QjOVSHCCZ_V3 P[VB\AQEZZ\SO,B_QNF	&^QV@R^KJXIF^EAXTVO AYR@\DZANLP%
TBVRUJ]A@N[VBXDNLC	QXIQ_KDXTXARQACNG\IR^EDOZIV\TB]@\N[[ 
3LUXANQIYCE]HX	(AYH^C\@WB	,AGJ^K]@_[[QTSHY,]ETLJ
4E
VXWA\\EUA	NIYGT]WXANIEQVCT@@N 3_]Y]\SVQGJ^KYF@NJNINES_WXO@@TAVRFN\A^\G[OA 	@@TSY\^RJQ_IR;	NMKSOAQVCU^RDO,UQNYVJ]AY@U,ER\\RI_IDDYQ%\D[NMA	.EZOVSJCAGF@XGT^EISOA		@T^]_XRVQW; 	]UCRSSH@Q YER\XUVQ
][F@OD]XCISAO[ \]JY]VNCCIQ	ANVUMRWWI\Q@S\	7QIY_V XWB[\FLOA3LVZ]\SO_QW%		D[YRSI_@SPYV]2]VJQI/QAYH\C^]@MJWX[BJF[_VNVFNZTZI@Q	V7BQQ CDYHX	[YRWI@QPTJWNQCAC[QXJ	^UCAPZK\C\SNLC	SXIQXADXTXAR<	QVCRBOVPMCB^Q
2NMHQSSHY_NP2
@IBDXWAR^[GHV<RM]QV
@S=
QNYTJ_\N		AYVIUD^ARB	XIBS JBXHX
	<		BNKS^VDO IB@YHX JAYAJUF^ARLE AQQ@M]VJ]R@NHNINB[[WXO@@nXWB\@UAYK[C]DNLQ3QIZCDYQVO

< _SX_W[@@HDCZ,E\VXWN	 &
PLVX]^NXIAZTLU@\@U	NI]IV_WDO	nKOJ]\GHOA SX_UDOXIV[]BY@\N[[	ANK@]_\]\@VQ
]YF@OCUTCISAO[=TOVPJ_QUQNZSJ\E@N<QV@P^V]ANE, ^RV]GIPO[^D\@W1S[OVXT 7^NMHSSQUN@T TYU^RJ_Q^F@\HZ_DIOA
=L\NXKCCZQRV]CJOA 	B@TSX\ZRJQ_IGHOJNXGHUSS[@QPVJWNVJBE[QXJ3AYK\_NLU_]]WVQ^+ XWA^\GHVOA
	1A_@@BC[XJVM]A]3@HAY[	
j	PXIB[AXJRVTFMSSSUN]^\Y[J_QW%		F[YRSI]_NPJW[SVQ
][F@OA[]EISAO[ \]J\[SHCCIQ	ANVUHTRQI\Q@S\	7QIY_V XWB[\FHOA3LVZ]\SK_QW%		D[YRSI_@SPYVY2[RXIIT2KAYRI\A@SEERZTUJCCGOJZ\DHSOA
	1A]@@BC[ _VNV@IOA 	B@TV^U\RJQ_IGHOJN]AASSS[@QPVJWNSLKC[QXJ3AYK\_NLU_]]SVQ^+ XWA^\GHROA
	1A_@@BC[XJVM]A]3@JAY[	
j	PXIB[AXJRVT@ISSSUN]^Y]ZJ_QW%		F[YRSI]_NPJW[QVQ
][F@OA[[AISAO[ \]J\[ULCCIQ	ANVUHTTUI\Q@S\	7QIY_V XWB[\FHOA3LVZ]\SK_QW%		D[YRSI_@SPYVY2[PXIIT2KAYRI\A@SEERUXSMCCGOJZ^OASOA
	1A]@@BC[ _VNV@KOA 	B@TV_YXRJQ_IGHOJN]@MWSS[@QPVJWNSMGG[QXJ3AYK\_NLU_]]SVQ^+ XWA^\GHROA
	1A_@@BC[XJVM]AY3FM[AYN
A8HQIZCFDF NVB@SQ[I\_NPJW][MFC[Q3	RAC]C\@NLY @@BGSQ	CNVUMRTUI\Q@SY_NXXGB\CDJHX HAYAM]DZARLE%TQNZTVONMKTSRL@QjOVSHCCZ_V3 P[VB\AQEZZ\SO,B_QNF	&^QV@R^KJXIE[FGXTVO AYR@UD[ANLP%
TBVRUJ]A@N[VBXHNLC	QXIQ_CLXTXARQACNG^AZ^EDOZIV\VJU@\N[[ 
3LUXANQIYCE]HX	(AYH^C\@WB	,AGJ^K]@_[[QTSH],[F@TNE
,HZF@\@\^[[[VJTH[^KJQQJAXTVO

< ]SX_WYANIC_HX JAYAHUCXARLE AQQBMXPJ]R@NHNIN@[^WXO@@nXWB\@UAYK[C]@NLQ3QIZCDYUVO

< _SX_W[@@HDCZ ,C^F@R	
 <	C@TWX_@@IJAP]J]\NACZK]DRB	,AEJ^K]@]@UNI[GNLC	QXIQZ	DFXTXARQACNBTFP^EDOZIVY\M_@\N[[ 
3LUXANQIYCEYHX	(AYH^C\@SB	,AGJ^K]@_[[QTSH^,]IQLJ
4E
VXWA\\EUA	NI]@VYPX]@@
CQNZ\O^G\@U,ER\\RK_QTF@\H_@U_QVSW\QX]NNXDFJ^XXBUZGIAOASLE]_UTJCQG
%	UCQSO[NKPYVZAN4XVRUH]@]^[[3PTJW]RJ@GACXUI2A\\UCA
=L_NXKCCYQXWAU^EMSSO[LVX^UPJ_QW%		F[YRSI]_NPJW]RJ_QPWXWR^ZCISSAUNERO^TNCC[_V]NM[QUWI\CN]@Z2QQCXJOJ^[GHPOA.
]Y_\RK@_IT2JAYRI\@]@\WX[3UOQI/QAYH\C^]@MJWUPBEC[QRVZAARSO[	
j	SXIB[BXJ NMNVOAQLEYUXRJCQG_RVNFAWSSIN_N@YOV@KKG[CVDF3AC]F@S
]ZZ\RL_QC7OJ]^GISUO[	
j	QXIB[@	DFHZ@\Z(NWAYN
A8HQIZCFDF NVO@ZSSI@QGER[YVCC_IT2HAYRI\B@SCOVUN_QPWXWR]TGASSAUNERO]ZJKC[_V]NM[R[SA\CN]@Z2QQ FXJOJ^[GIUOA.
]Y_\RJE_IT2JAYRI\@]@\WX[3UMQI/QAYH\C^]@MJWUZCJC[QRVZNLSSO[	
j	SXIB[BXJ NMNTOAQLEYT\VJCQG_RVNF@SWSIN_N@YOV@KJC_CVDF3AC]F@S
]ZZ\RL_QC7OJ]^GISUO[	
j	QXIB[@	DFHZ@\Z(NUAYN
A8HQIZCFDF NVNL[ZSI@QGER[TSOC_IT2HAYRI\B@SCOVUL_QPWXWR]T@KSSAUNERO]ZMAC[_V]NM[R[TK\CN]@Z2QQ FXJOJ^[GIUOA.
]Y_\RJE_IT2JAYRI\@]@\WX[3UKQI/QAYH\C^]@MJWTSNCC[QRVZFLZSO[	
j	SXIB[BXJ NMNROAQLEYZ]PJCQG_RVNFNRQSIN_N@YOV@KDBYCVDF3AC]F@S
]ZZ\RL_QC7OJ]^GISUO[	
j	QXIB[@	DFHZ@\Z(NSAYN
A8HQIZCFDF NV@ATSSI@QGER[\QKC_IT2HAYRI\B@SCOVUJ_QPWXWR]ZOISSAUNERO]TBCC[_V]NM[RU[I\CN]@Z2QQ FXJOJ^[GIUOA.
]Y_\RJE_IT2JAYRI\@]@\WX[3UIQI/QAYH\C^]@MJWTUJCC[QRVZCH[SO[	
j	SXIB[BXJ NMNPOAQLEYZ[TJCQG_RVNFNTUSIN_N@YOV@KDD]CVDF3AC]F@S
]ZZ\RL_QC7OJ]^GISUO[	
j	QXIB[@	DFHZ@\Z(NQAYN
A8HQIZCFDF NVOMRTSI@QGER[^ZBC_IT2HAYRI\B@SCOVUH_QPWXWR][CMSSAUNERO]UNGC[_V]NM[RTWM\CN]@Z2QQ FXJOJ^[GIUOA.
]Y_\RJE_IT2JAYRI\@]@\WY_3[OQI/QAYH\C^]@MJW]TMJA[_VNVNL[[SUN
A8KQIZCEDF	 UCZVO[ ]]J_XZJCCIQ	BNVUKW[SI\Q@SY\NXXAGSCDJHX([VA\]@QER_[RKA_IU;	RV]EISRQUN
A8IQIZCGHX_G\\A&TZACQ	V7AQQ CDZHXNMHSVPA\C@SBOVUHA@[Q3	RAC]C\@NLY @@DJG^RVNF@U[SIN_N@ZOV@KJESCVDF	F[YAR@ZK\A@B=IE]HXNVENSSUUN1\JW]PJCC]Q3	PAC]C\BBU_]\T%DKIV3 Q[VB\APBNXKCAZCDDF
	UCTS[O\_NP2
BIBDXUVO	AYTA@QPTJWNSC@E[QXJ	^UCARZJZC\SNLC	SXIQZ@BXTXAR<	QV@WBOVPMCC]Q
2NMHQSSIZ_NP2
@IBDXWAR^[GKU<RKXQV
@S=
QNYTJ_\N		AYPMUB_ARB	XIB_J@XHX
	<		BNKS^VDO IBF\HX JAYAJXCTARLE AQQ@@X\J]R@NHNINBV^WXO@@nXWB\@UAYK[C^GNLQ3QIZCDZRVO

< _SX_W[@@HDCY,EZQXWN	 &
PLVX]^NXIG]SI^@\@U	NI]EZVWDO	nKOJ]\GHOA SX_RDOXIV[PN]@\N[[	ANK@]SX]\@VQ
]YF@OCXXGISAO[=TOVPJ_QUQNZSJ_F@N<QV@P^U^ANE, ^RV]GIPO[^D\CT1U^OVXT 7^NMHSSQUN@TQ][[RJ_Q^F@\E\TAIOA
=L\NXKCCZQRV]EOOA 	B@TT\Z^RJQ_IGHOJN_CNQSS[@QPVJWNQNDA[QXJ3AYK\_NLU_]^TVQ^+ XWA^\GKUOA
	1A_@@BC[XJVM]BZ3FKTAYN
A8HQIZCFDF NVDNWRUI\_NPJW]WHKG[Q3	RAC]C\@NLY @@BA\Q	CNVUJVSWI\Q@SY_NXX@F[CDJHX HAYAJYCXARLE%TQNZTVONMKTSQO@QjOVSHCCY_V3 P[VB\AQEZZ\PL,BYQNF	&^QV@R^KJXI@ZKEXTVO AYRJUAZANLP%
TBVRUJ]A@N[VB^ANLC	QXIQXKDXTXARQACN@^IR^EDOZIV[VB]@\N[[ 
3LUXANQIYCF^HX	(AYH^C\CTB	,AGJ^K]@_[[QTSKZ,]CSLJ
4E
VXWA\\EUA	NI_CWZWXANIE\UK[@@N 3_]Y]\SVQGJ^K_A@NJNINBQ_WXO@@TAVRFI^A^\G[OA 	@@TT[\^RJQ_IR;	NMKSOAQVCU^QDO,UQNYVJ]BZ@U,ER\\RI_IDDZR%\B^NMA	.EZOVSJCAGF@^C_]OISOA		@TS[][RVQW; 	]UCRSSH@Q YER\^PVQ
][F@OC_XCISAO[ \]J^_VNCCIQ	ANVUJPWWI\Q@S\	7QIY_V XWB[\EOOA3LVZ]\PL_QW%		D[YRSI_@SPYU^2]PIQI/QAYH\C^]@MJW_VKCK[_VNVFMVSSI@Q	V7BQQ CDYHX	[YRQJ@QPTJWNQIDE[QXJ	^UCAPPNZC\SNLC	SXIQXDBXTXAR<	QVCRBOVPMCA]Q
2NMHQSSKZ_NP2
@IBDXWAR^[GKU<RKTQV
@S=
QNYTJ_\N		AYPA^K\ARB	XIB^KGXHX
	<		BNKS^VDO IBFPHX JAYAJY@ZARLE AQQ@A[RJ]R@NHNINBW]WXO@@nXWB\@UAYK[C^GNLQ3QIZCDZRVO

< _SX_W[@@HDCY,EZ]XWN	 &
PLVX]^NXIGQUOT@\@U	NI]DTVWDO	nKOJ]\GHOA SX_^DOXIV[QLU@\N[[	ANK@] QP]\@VQ
]YF@OCYZOISAO[=TOVPJ_QUQNZSJ_F@N<QV@P^U^ANE, ^RV]GIPO[^D\AW1UYOVXT 7^NMHSSQUN@TU]Y^RJ_Q^F@\D]]AIOA
=L\NXKCCZQRV]EHOA 	B@TT[\^RJQ_IGHOJN_DHQSS[@QPVJWNQIBA[QXJ3AYHY_NLU_]\WVQ^+ XWA^\GIVOA
	1A_@@BC[XJVM]@Y3FKSAYN
A8HQIZCFDF NVDHT[RI\_NPJW]QCAE[Q3	RAC]C\@NLY @@BA[Q	CNVUJQ[SI\Q@SY_NXX@ASCDJHX HAYAJ^K\ARLE%TQNYQVONMKTSSL@QjOVSHCC[_V3 P[VB\AQEZZ\RO,BYQNF	&^QV@R^KJXI@_ CLXTVO AYRMYC\ANLP%
TBVRUJ]A@N[VB^BNLC	QXIQXDBXTXARQACN@_FT^EDOZIV[WM[@\N[[ 
3LV]ANQIYCD]HX	(AYH^C\AWB	,AGJ^K]@_[[QTSIY,]CPLJ
4E
VXWA\\EUA	NI_BQ_WXANIE\WJZ@@N 3_]Y]\SVQGJ^K_B@NJNINBQZWXO@@TAVRFI^DX\G[OA 	@@TT[YXRJQ_IR;	NMHVOAQVCU^RDO,UQNYVJ]@Y@U,ER\\RI_IDDXQ%\BYNMA	.EZOVSJCAGF@^E[_DISOA		@TSPUURVQW; 	]UCRSSH@Q YER\^WVQ
][F@OCXXGISAO[ \]J^XVJCCIQ	ANVUJWWSI\Q@S\	7QIZ_V XWB[\GLOA3LVZ]\RO_QW%		D[YRSI_@SPYW]2]PNQI/QAYH\C^]@MJW_VCB@[_VNVFMUZWI@Q	V7BQQ CDYHX	[YRQM@QPTJWNQNCK[QXJ	^UCAPWITC\SNLC	SXIQXCLXTXAR<	QV@WBOVPMCC^Q
2NMHQSSIY_NP2
@IBDXWAR^[GIV<RK[QV
@S=
QNYTJ_\N		AYPNXBZARB	XIB^K@XHX
	<		BNKS^VDO IBF_HX JAYAJYCXARLE AQQ@AXPJ]R@NHNINBW^WXO@@nXWAY@UAYK[C\DNLQ3QIZCDXQVO

< _SX_W[@@HDC[,EZRXWN	 &
PLVX]^NXIG^QLZ@\@U	NI]DRVWDO	nKOJ]\GHOA SX_QDOXIV[PM_@\N[[	ANK@]PZ]\@VQ
]YF@OCX[EISAO[=TOVSO_QUQNZSJ]E@N<QV@P^W]ANE, ^RV]GIPO[^D\AW1UQOVXT 7^NMHSSQUN@T^YXURJ_Q^F@\EZTCIOA
=L\NXKCCZQRV]E@OA 	B@TT][TRJQ_IGHOJN_BO[SS[@QPVJWNQOEK[QXJ3AYHY_NLU_]\WVQ^+ XWA^\GIVOA
	1A_@@BC[XJVM]@Y3FK[AYN
A8HQIZCFDF NVDAQ[SI\_NPJW]WNK@[Q3	RAC]C\@NLY @@BASQ	CNVUJVPUI\Q@SY_NXX@FXCDJHX HAYAJY@ZARLE%TQNYQVONMKTSSL@QjOVSHCC[_V3 P[VB\AQEZZ\SK,B_QNF	&^QV@R^KJXIF]@@XTVO AYR@^JUANLP%
TBVRUJ]A@N[VBXGNLC	QXIQ_ BFXTXARQACNG]@P^EDOZIV\UK_@\N[[ 
3LUXANQIYCEYHX	(AYH^C\@SB	,AGJ^K]@_[[QTSI[,UA@TNE
,HZF@\@\^[[[VBXGR_WDOIKLYQJAR	
 <	@@TWX\@@]QNQTVO PAY[^@^AR^KJAIQF[VJ]@N@U]QVSP]WX]NNX_,	OJ^\[[
AC^D\AUB=QQ ADXTMAR	
 <	B@TWX^NXAD[D+QUXWN	 &
PLVX]^NXIE]TH]@\@U	NITHTYKJ
4E
UXWA\\FUA	NK[_E @QQAG]VJ]R@NKNINCQ[WXO@@TBVRFH^E^\G[OA 3PER_\NXIACXTMAR	<
[VB^AR^KJ
4E
WXWA\\DOAQN\C[.[\]O	nHOJ]\GKOAQV@WZ^X]@@
CQNQUH]@@N 3_]Y]\SVQGJ^C_\NP[VQ^BZZWJANQNJVIUD\\UUA]SXLTPY\RX_Q^7NVEIOA
NI^FR^KJ	
,IEZTJ]G@N 3]]Y]\Q_QYCD_;C^RVU,ER\\RH_QIVRUOUH[\GUA	NK[\RXANE, \RV]GIROA		@TTDOXIVZPK[@\N[[	ANK@\V^]\@VQ
]YF@OBX]AISAO[=TOVPJ_QUQNZSJ]G@N<QV@P^W_ANE, ^RV]GIPO[^D\AU1SJW@R+
BNVFISQO[	SX_T[X\RVQFJ^CYC]\[[3PVJW]RJB_I]XWIX@U_QVSPZ_X]NNXDFJ^X_DXTGIAOASLEZYXZJCQG
%	UCQSO[NKPYW_AN4XVRUH]@\[[[3PTJW]RJ@GACXTM2IYNMA	.EZOVSJCAGF@\F[UEISOA		@TRPU\NXT 7]NMHSSRUN	]QX@@T@VRFHYH\\G[OA 	C@TU\U\RJQ_IGKOJN^CASSS[@Q j		@@ACGJ^HZ@\[[[	3SX_WX][NXT 7_NMHSSP@Q^FR^8Q[NXQW; 	^UCRSSK@Q		LV__Y[JC_IAXWI[XAIOA
=L\NXKCCZQRVUAUA_SXLRY_\RX_QPVXWR^YFKSSAUNERO^WKAC[_V/AYQI@Q@TPX][NXA,F@\B\\GNOA
=L^NXKCCXL_VZSJ]G3U@[YA
	1A^@@BC[_V
OJ][@JUSSUN]QT\TJ_QW%		F[YRSI]_NPJWUUVQ
][F@OBYXCISAO[ \]J_YVNCCIQ	ANVUKVWWI\Q@S\	7QIY_V XWB[\GNOA3LVZ]\RM_QW%		D[YRSI_@SPYW_2UZXIIT2KAYRI\A@SEER\TPHAC[QRV]GIUTSUN
A8KQIZCEDF	 UCZ[O[ ]]J_YULCCIQ	BNVUKVTUI\Q@SY\NXXAF\CDJHX([VA\]@QER_[RJD_IU;	RV]EISSTUN
A8IQIZCGHX_G\\@&ZZACQ	V7AQQ CDZHXNMH[TRA\C@SBOVSJAAR_V3 R[VB\ASB	XIJRQ	CNVUKUS[I\Q@SY_NXXAE[	CDJHX HAYAKZCTARLE%TQNZTVONMKTSSN@QjOVSHCC[_V3 P[VB\AQEZZ\RN,KYIJ(KNI]AR\E@@BB^CDXHX	[YTUM_C@SS3ZIEXTKAR 	AYA^_N@[OV@HCE_CVDF	E[YAQIZG\A@B	KQIICB\TJO\N<NKS^E	NXHDC[_V/UCRQSI\G@SS3XIEXTI\N^@ISW<A_QV
@S=
QNYTJ_\N		AYRHUC_ARB	XID\	FDDF	&]QV@R^KJ	QQ	@XJ	_UCAQS@ZC\SNLC	PXIQYJBXTXARRACNA\HT^EDO,PJ^K]\N[YQTI\G@SZ7@@BA[C@DF	&_QV@R^DO^UJCG4	CVRX
	<		ANKS^UDO	
QIZKBPTJAR AYN_E^ANLP%
TBVRUJ]A@N[VK\]@T_@@QA[CDXFVO QAY[^C\AR^KJBIQFXTJ]@N@U
&@TWDOXIA\C@DF3AYRK\C\ENLP%
T@VRUJ]C@UKTSSM3K]SX	,AFJ^K]@^@UAC]B^AW^KJQQFDZTVO

< ]SX_WYANILYHX JAYAK\@^ARLE AQQAD[VJ]R@NHNINCR]WXO@@nXWA\@UAYK[C\ENLQ3QIZCDXPVO

< _SX_W[@@HDC[,L^F@R	
 <	C@TWX_@@IBGXUJ]@@N[VK^@[^E
,HYF@\@\][[ QVITB	IQIIBMZTJO\NQ[VQ^@[\WJAN QNJVKTB\\UUA ,]Y]@@QQDDXPVO&
AC]A\ARZE
,H[F@\@\_
UAQTI\G3IULJ
4E
VXWA\\EUA	NI]BQW WXANIL[RL]\N	 &
SLVX]]NXTVR\MARPACNA^CV^EDOYIVZVHY@\N[[	BNK@\U\]\@VQX+RV]GUA
[VA[ARZE%IBFXTJY\N	 &
QLVX]_VQA\C@7\NOJN 3\]Y]\PVQAQNYVH[D\\[[QVF[\WDO	nKOJ]\GHOA SXVKJ@IQFYVB]@N@U^QVSP__X]NNXDEJ^X_A^TGIAOA.AJW]RVQIF_TJY\N<
NI]CR^SDO	nIOJ]\GJOAK[C\E=V ERNE, _RV]GIQOANKS\T[]\NXTVR\JZC\@U,ER\\RK_QTF@UE@NJNINCSXWXO@@TAVRFH\F\\G[OA 	@@TUY[\RJQ_IR;	NMHSOAQVCU^SDO,UQNYVJ]@X@U,ER\\RI_IDDXP%UHNV[3PUJW]RJA_ITJ^K^GTUGIOASXV V\]@@R+
ANVFISRO[ L_PANQNJVHXF\\UUA^SXLU][\RX_QPUXWR^^BOSSAUN1GNXKC_IXVRVM]@X@U&NKS\WXY@@R+
CNVFISPUNA[ARZj_QOVXT 7^NMHSSQUN@TSYT]RJ_Q^F@UFZXGUA	.EYOVSJCBGOJTU[[	@NK@\_P]\@VQ
]ZF@OB^TOISAO[ _]J_^ZBCCIQ2[YRSUNSX\WXY@@nJ^K_@\\CUA	.E[OVSJC@QF_TH[/XTUCA
=L_NXKCCYQXWC__BISOA		@TRZ^\NXT 7]NMHSSRUN	]\U@@T@VRFCZF\\UUA^SXLP^]\@VQ
]YF@OI[ZGIAOA.AJW^RVQIF_TH[\N<
NI]CR^QDO	nIOJ]\GJOAK[C^G=ZERNE, _RV]GIQOANKQZ_X]@@
CQN[RHX@@N 3_]Y]\SVQGJ^NT\NP[VQ]ARVWJANQNJUJ]H\\UUA]SXLWXU\RX_Q^7NVEIOA
NI^FR\KJ	
,IEZTJ_F@N 3]]Y]\Q_QYCD^;CTRVU,ER\\RH_QIVRUBZAT\GUA	NKS^UQ]@@R+
ANVFISRO[ L^QANQNJVL]H\\UUA^SXLQXU\RX_QPUXWR^ZGASSAUN1GNXKF_IXVRVM]@Z@U&NKS\WX[@@R+
CNVFISPUNA[ARXj^POVXT 7^NMHSSQUN@T_Z_^RJ_Q^F@\@\Z@IOA
=L\NXKCCZQRVUOUA_SXLR_[\RX_QPVXWR^Y@OSSAUNERO^WMEC[_V/AYRL@Q@TPX]ZNXA,F@\B\\GOOA
=L^NXKCCXL_VZSJ_E3]ALAY[	
j	PXIB[AXJRVTEOPQSI@QGER__ZJGCG/RAYH\C]]@PNXKEFG^RVNCNQSSIN_N@ZOV@NDA[CVDF	F[YAWN^C\A@B=IFXHXNVENSQVUN1\JW]PJCA^Q3	PAC]C\BBU_]\T%J@IV3 Q[VB\APBNXKFKSCDDF
	UCZQTL\_NP2
BIBDXUVO	AYZJ@QPTJWNPNBE[QXJ	^UCAQWHZC\SNLC	SXIQYBBXTXAR<	QV@WBOVPMCC]Q
2NMHQSSIZ_NP2
@IBDXWAR^[GIU<ZKNISS3YIEXTHAR	[YRVMXJ\ANLE@@JBYCXJ(HNI]AR_EQIR_V_NM[QP[M\CN]@T^@@QAX	GDXFVO RAY[^@TER^KJ,
EVRUOARUCQTSIZ_NE8	NXKAC[EXJ(JNI]AR]HKJ_[RJE,R QNF	&^QV@R^KJXIB^ADXTVO AY[@ZD\]@S=
 QNYTJ\\N ACUB@SY^NXXA@^CDJHX KAYAK_F^ARLE BQQAG]VJ]R@N
<	SX_ KJ@@AD[EXJ  3[YRQI\CZ]@S=
QNYTJ^@NENSSU&UCNKLP%
TAVRUJ]B@NAYHXE\@R^EQIS	BAXHX
	<		BNKS^VDO IJDDF	D[YAQJ^C\A@B	HQII@FXTJO\NR[VQ^BP^WJAN4C F@\E@NAYQN\CZ]@
G2XIBYCD^HX
	<		@NKS^TANPMCC]nJCJ^O

< ^SX_WZANQQ DC[RJ]\NACUJ\GRB	,AEJ^K]@]@UNIUFNLC	QXIQYG@XTXARQACNAYEV^EDOZIVZQNY@\N[[ 
3LV]ANQIYCD^HX	(AYH^C\ATB	,AGJ^K]@_[[QTSIZ,UG@TNE
,HZF@\@\^[[[VB[CWWWDOIJC\RJAR	
 <	@@TWX\@@]QNQRVO PAY[^F]CR^KJAIQF]UH]@N@U]QVSP[UX]NNX_,	OJ]Y[[
AC^D\ATB=QQ ADXTLAR	
 <	B@TWX^NXAD[E+QQXWN	 &
PLVX]^NXIE^SC_@\@U	NIUDZVKJ
4E
UXWA\\FUA	NK[[E @QQA@PTJ]R@NKNINCVVWXO@@TBVRFHYH\\G[OA 3PER\YNXIACXTLAR	<
[VB^AR^KJ
4E
WXWA\\DOAQN\CZ.[Z]O	nHOJ]\GKOAQV@T]RX]@@
CQNQPI\@@N 3_]Y]\SVQGJ^CY\NP[VQ^EVVWJANQNJVNYH\\UUA]SXLS\U\RX_Q^7NVFLOA
NI^FR^KJ	
,IEZTJ]F@N 3]]Y]\Q_QYCF];K[INV[3PUJW]RJA_ITJ^BTA\\GIOASX\_Y[\NXT 7]NMHSSRUN	]Y[UNXDGJ^XYHXTGIAOAPLE\UXZJCQG\RVNCAW[SIN_N[8XIA[QF@_G\^BUA,@TUX]^WVQW; 	_UCRSSJ_NCU^R7\ZZXIIT2KAYRI\A@SEERU[VNJC[QRV^CLURSUN
A8KQIZCEDF	 UCRU[UNEROXZKEC[_V^NM[W[RO\CN]@T]@@QGS EDXFVO&NI^ANL\JW^UJAFG%NVFKSSQL@Q	V7@QQ CD[VOB[\FJ<RRHNISS3YIEXTHAR	[YQVL^E\ANLE@@BAYADDF	&]QV@R^KJ	QQ BEDF	D[YAQ@UA\A@B	HQIIJMZTJO\NR[VQ^H[\WJAN4C F@_@@NAYQN\B_]@
G2XIBYCE[HX
	<		@NKS^TANPMCC_nBD^F@R	
 <	C@TWX_@@IAF\]H]@@N[VB]B[WKJ
4E
UXWA\\FUA	NKS^KJ@IQFPWH]@N@U^QVSPVUX]NNXDEJ^X_H_^GIAOA.AJW]RVQIF_TJY\N<
NI]CR^SDO	nIOJ]\GJOAK[C\E=_PJW@R+
BNVFISQO[	SX\W_[\RVQFJ^K\E[]GUA	.EYOVSJCBGOJ]\@UA_SXL_^Y\RX_QPVXWR^TAMSSAUNERO^ZLGC[_V/AYRI@Q@TPX]XNXA,F@\B\\GMOA
=L^NXKCCXL_VZSJ]D3]GMAY[	
j	PXIB[AXJRV^FJV[SI@QGER\]ROKCG/RAYH\C]]@PNXKCGG^RVNENU[SIN_N@ZOV@HDESCVDF	F[YAQNZK\A@B=IEXHXNVENSSWUN1\JW]PJCC_Q3	PAC]C\BBU_]\V%BC^IJ(KNI]AR\E@@ABR JDXHX	[YRRK^K\]@S=
 QNYTJ\\N AC]CY]@T_@@QASCDXFVO QAY[^K\AR^KJBIQFPTJ]@N@U
&@TWDOXIA\C@DF3AYRK\C\ENLP%
T@VRUJ]C@UKTSSM3B\C@TNE
,HZF@\@\^[[[VA\CTWWDOIBD_VI]\N	 &
SLVX]]NXTVRUJ_\NP[VQ^FRZWJANQNJVM]D\\UUA]SXLPXY\RX_Q^7NVFIOA
NI^FR^KJ	
,IEZTJ]D@N 3]]Y]\Q_QYCD\;K]CNV[3PUJW]RJA_ITJ^H]H\TGIOASX__Q]\NXT 7]NMHSSRUN	]Y]_NXDGJ^X_G_ZGIAOAPLEZZ_TJCQG\RVNENPUSIN_N[8XIB[QF@_G\\CUA,@TUX]\VVQW; 	_UCRSSJ_NCU^S7\\RXIIT2KAYRI\A@SEER\UPHGC[QRV]GJZQSUN
A8KQIZCEDF	 UCRSSUNERO^TNCC[_V^NM[QUWI\CN]@T]@@QA]CDXFVO&NI]ANL\JW^UJCGG%NVFKSSSM@Q	V7@QQ CD[VOB[\GM<RSHNISS3YIEXTHAR	[YRZNXB\ANLE@@BC^DDDF	&]QV@R^KJ	QQ CEDF	D[YAQO[A\A@B	HQIIECZTJO\NR[VQ^GU\WJAN4C F@\@@NAYQN\CX]@
G2XIBYCD\HX
	<		@NKS^TANPMCBXnBAYF@R	
 <	C@TWX_@@IEF_RK]@@N[VA\EQXKJ
4E
UXWA\\FUA	NKS[KJ@IQ@ZSH]@N@U^QVSV\UX]NNXDEJ^XYB[^GIAOA.AJW^RVQIF_TK^\N<
NI]CR^TDO	nIOJ]\GJOAK[C\E=__JW@R+
BNVFISQO[	SX\Q_\\RVQFJ^K\GXXGUA	.EYOVSJCBGOJ]\OUA_SXL_Q[\RX_QPVXWR^TNOSSAUNERO^ZCEC[_V/AYRI@Q@TPX]XNXA,F@\B\\GMOA
=L^NXKCCXL_VZSJ]D3]G@AY[	
j	PXIB[AXJRV^CKTTSI@QGER\][KJCG/RAYH\C]]@PNXKCJG^RVNE@Q[SIN_N@ZOV@HJASCVDF	F[YAQ@^K\A@B=IEXHXNVENSSWUN1\JW]PJCC_Q3	PAC]C\BBU_]\P%KGIV3 Q[VB\APBNXKAA]CDDF
	UCTZQA\_NP2
BIBDXUVO	AY[M@QPTJWNPKAK[QXJ	^UCAQRKTC\SNLC	SXIQY ALXTXAR<	QV@RBOVPMCCYQ
2NMHQSSI^_NP2
@IBDXWAR^[GIQ<[LNISS3YIEXTHAR	[YRQO_@\ANLE@@KC\CXJ(HNI]AR_EQIS_V_NM[QRUI\CN]@T^@@QAZCDXFVO RAY[^BZAR^KJ,
EVRUJARUCQTSI^_NE8	NXKAC[AXJ(JNI]AR]HKJ_[RJA,SQNF	&^QV@R^KJXIBXBDXTVO AY[K]J\]@S=
 QNYTJ\\N ACTE@SY^NXXABRCDJHX KAYAK]J^ARLE BQQAEQVJ]R@N
<	SX_KJ@@AD[AXJ  3[YRQI\C^]@S=
QNYTJ^@NENSSQ&TDNKLP%
TAVRUJ]B@NAYH_@UDR^EQISEBXHX
	<		BNKS^VDO IKCDF	D[YAQK^G\A@B	HQIIAF\TJO\NR[VQ^CPZWJAN4C F@\@@NAYQN\C^]@
G2XIBYCDZHX
	<		@NKS^TANPMCCYnKDJ^O

< ^SX_WZANQQ CL^\J]\NAC[@ZCRB	,AEJ^K]@]@UNITANLC	QXIQYCDXTXARQACNA\AR^EDOZIVZTJ]@\N[[ 
3LVXANQIYCDZHX	(AYH^C\APB	,AGJ^K]@_[[QTSI^,T@@TNE
,HZF@\@\^[[[VB]CR[WDOIDAXVJAR	
 <	@@TWX\@@]QNPUVO PAY[^C_CR^KJAIQFXWH]@N@U]QVSP^UX]NNX_,	OJ]\[[
AC^D\APB=QQ ADXTHAR	
 <	B@TWX^NXAD[A+PVXWN	 &
PLVX]^NXIEYQO]@\@U	NI[GV]KJ
4E
UXWA\\FUA	NKZ\E @QQAD^PJ]R@NKNINCRXWXO@@TBVRFH]FX\G[OA 3PER\\NXIACXTHAR	<
[VB^AR^KJ
4E
WXWA\\DOAQN\C^.Z]]O	nHOJ]\GKOAQV@SWTX]@@
CQN_SBX@@N 3_]Y]\SVQGJ^B^\NP[VQ^A[XWJANQNJVJTF\\UUA]SXLWQ[\RX_Q^7NVFIOA
NI^FR^KJ	
,IEZTJ]B@N 3]]Y]\Q_QYCE[;KXINV[3PUJW]RJA_ITJ^M^F\[GIOASX\TZZ\NXT 7]NMHSSRUN	]YXUNXDGJ^XYE^TGIAOAPLE\X^ZJCQG\RVNCLQ[SIN_N[8XIA[QF@_G\]DUA,@TUX]]QVQW; 	_UCRSSJ_NCU^U7UT@@QW%		E[YRSI^_N]Y^[ZCCCGOJTYFMSOA
	1A]@@BC[ _VNVOAOA 	B@TUZXZRJQ_IGHOJN^ELUSS[@QPVJWNPHFE[QXJ3AYH\_NLU_]\PVQ^+ XWA^\GIQOA
	1A_@@BC[XJVM]@^3O@AY[	
j	PXIB[AXJRV]CHZRSI@QGERUZTNC_IT2HAYRI\B@SCOVZC_QPWXWR^^OASSAUNERO^PBKC[_V]NM[QQ[A\CN]@Z2QQ CXJOJ^[GIQOA.
]Y_\RJA_IT2JAYRI\@]@\WY^3SOKQQJQ3	QAC]C\CNLPOVUHBDRCXJNMKQS[O\_NP2
BIBDXUVO	AYRLT_N@[OV@NGJ]CVDF	E[YAWMUE\A@B	KQIIGM^TJO\N<NKP^E	NXHDCZ_V/UCRQSI]@@SS3XIEXTI\N^@ISW<OTQV
@S=
QNYTJ_\N		AYTJXK\ANLE@@FDSCXJ(HNI]AR_EQI]	_V_NM[RURO\CN]@T^@@QB] EDXFVO RAY[]E]GR^KJ,
EVRUJARUCQTSIX_NE8	NXKAC[GXJ(JNI]AR]HKJ_[RJG,]QNF	&^QV@R^KJXID]EDXHX	[YVZIYC@SS3ZIEXTKAR 	AYOU_N@[OV@KEGSCVDF	E[YAROXK\A@B	KQII E@PTJO\N<NKS^E	NXHDC[_V/UCRQSI\G@SS3XIEXTI\N^@IRU<H\FNKLP%
TAVRUJ]B@NAYK]J]HR^EQIZ AFPTVO

< ]SX_WYANIEXQVO PAY[^K\AR^KJAIQFPTJ]@N@U]QVSPVWX]NNX_,	OJ^\[[
AC^D\@TB=QQ ADXULAR	
 <	B@TWX^NXAD[ E+YTNOJN 3\]Y]\PVQAQNZUIXH\\[[QV@S^ _XANE, \RV]GIROA		@TW\ANQNJVM[H\\UUA^SXLP^U\RX_QPUXWR^[AASSAUN1GNXHC_IXVRVM]AZ@U&NKS\WY[@@R+
CNVFISPUNA[ASXjVX^NXQW; 	^UCRSSK@Q		LUXU\ZJC_IAXWA\TNISOA
	1A]@@BC[ _VNVFIPOAQLEZZ_TJCQG_RVNENPUSIN_N@YOV@HD@]CVDF3AC^C@S
]ZZ\SL_QC7OJ]^GIRUO[	
j	QXIB[@	DFHZ@]Z(HSQACQ	V7AQQ CDZHXNMKSQU@\C@SBOVSJDAX_V3 R[VB\ASB	XIB[_V_NM[QTSM\CN]@T^@@QA\GDXFVO RAY[^D\ER^KJ,
EVRVJARUCQTSHZ_NE8	NXKAC[ EXJ(JNI]AR]HKJ_[RKE,ZBVRX
	<		ANKS^UDO	
QIZD@YTJAR AYH\FYFRB	,AEJ^K]@]@UNI]ASB	IQIIECZTJO\NQ[VQ^GU\WJAN QNJVLZB\\UUA ,]Z]@@QQDDYRVO&
AC]A\ASXE
,H[F@\@\_
UAQTI]E3@R^]O	nHOJ]\GKOAQV@[\SX]@@
CQNYTITB\@U,ER\\RK_QTF@\@\@U_QVSPXWX]NNXDFJ^X_FX\GIAOASLEZ[XRJCQG
%	UCQSO[NKPYV^AN4XVRUH]@]Z[[3PTJW]RJ@GACXTN2F\NMA	.EZOVSJCAGF@XDU\GIOASXZUY]@@R+
ANVFISRO[ LQXANQNJUI[@\\UUA^SXLT^]\RX_QPUXWR]_AISSAUN1GNXKC_IXVRVM]@X@U&NKS\WXY@@R+
CNVFISPUNA[ARZjQYOVXT 7^NMHSSQUN@T PX_\RVQFJ^NTC[\[[3PVJW]RJB_I]XWF]@U_QVSS]UX]NNXDFJ^X\CU^GIAOASLEY^UPJCQG
%	UCRSO[NKPYW\AN4XVRUH]@\X[[3PTJW]RJ@GACXTN2F^NMA	.EZOVSJCAGF@XI^\GIOASX[R\]@@R+
ANVFISRO[ LQZANQNJUN_D\\UUA^SXLSZY\RX_QPUXWR]XEMSSAUN1GNXKC_IXVRVM]@X@U&NKS\WXY@@R+
CNVFISPUNA[ARZjQ[OVXT 7^NMHSSQUN@TV\Y\RVQFJ^O\G^\[[3PVJW]RJB_I]XWF_@U_QVSSZ QX]NNXDFJ^X\DYZGIAOASLEYYYTJCQG
%	UCRSO[NKPYW\AN4XVRUH]@\X[[3PTJW]RJ@GACXTN2FXNMA	.EZOVSJCAGF@[C[_GIOASX[^Y]@@R+
ANVFISRO[ LQ\ANQNJUNUH\\UUA^SXLSPU\RX_QPUXWR]XOASSAUN1GNXKC_IXVRVM]@X@U&NKS\WXY@@R+
CNVFISPUNA[ARZjQ]OVXT 7^NMHSSQUN@TQXU\RVQFJ^OYA]\[[3PVJW]RJB_I]XWFY@U_QVSS[WX]NNXDFJ^X\E^\GIAOASLEYX^RJCQG
%	UCRSO[NKPYW\AN4XVRUH]@\X[[3PTJW]RJ@GACXTN2FZNMA	.EZOVSJCAGF@[HXUGIOASX[ T[]@@R+
ANVFISRO[ LQ^ANQNJUOXB\\UUA^SXLR]_\RX_QPUXWR]YBKSSAUN1GNXKC_IXVRVM]@X@U&NKS\WXY@@R+
CNVFISPUNA[ARZjQ_OVXT 7^NMHSSQUN@TWQ[\RVQFJ^O[EZ\[[3PVJW]RJB_I]XWF[@U_QVSS[SX]NNXDFJ^X\ETXGIAOASLEYXTVJCQG
%	UCRSO[NKPYW\AN4XVRUH]@\X[[3PTJW]RJ@GACXTM2A_\UCA
=L_NXKCCYQXWD\\BJSSO[LV]UTTJ_QW%		F[YRSI]_NPJW]QJ_QPWXWR_ZGISSAUNERO_TJCC[_V]NM[PUSI\CN]@Z2QQCXJOJ^[GITOA.
]Y_\RJD_IT2JAYRI\@]@\WXZ3SIBQQJQ3	QAC]C\CNLPOVVJJEXCXJNMHUS[@\_NP2
BIBDXUVO	AYRJ]_N@[OV@IE@YCVDF	E[YAPO_A\A@B	KQIIEGZTJO\N<NKP^E	NXHDC[_V/UCRQSI\D@SS3XIEXTI\N^@ISQ<H]JNKLP%
TAVRUJ]B@NAYJ]C_ER^EQIZDG_TVO

< ]SX_WYANIEY]VO PAY[_AXIR^KJAIQGZPB]@N@U]QVSQ\_X]NNX_,	OJ]\[[
AC^D\APB=QQ ADXTHAR	
 <	B@TWX^NXAD[D+YWIOJN 3\]Y]\PVQAQN\VB^B\\[[QV@T[WXANE, \RV]GIROA		@TT[ANQNJWLTF\\UUA^SXLQQ[\RX_QPUXWR_ZNOSSAUN1GNXHC_IXVRVM]@[@U&NKS\WXZ@@R+
CNVFISPUNA[ARYjV[YNXQW; 	^UCRSSK@Q		LS[ZUSJC_IAXWAZ[GNSOA
	1A]@@BC[ _VNVFJWOAQLE[Z^ZJCQG_RVNDNQ[SIN_N@YOV@IDASCVDF3AC^C@S
]ZZ\RM_QC7OJ]^GISTO[	
j	QXIB[@	DFHZ@\[(HPVACQ	V7AQQ CDZHXNMMWTUN\C@SBOVSLJB]_V3 R[VB\ASB	XIBX_V_NM[PTUI\CN]@T^@@Q@\CDXFVO RAY[_DZAR^KJ,
EVRVJARUCQTSI[_NE8	NXKAC[DXJ(JNI]AR]HKJ_[RJD,ZEVRX
	<		ANKS^UDO	
QI_DAQTJAR AYH[B^GRB	,AEJ^K]@]@UNI]BTB	IQIIDMZTJO\NQ[VQ_F[\WJAN QNJWMTB\\UUA ,]Z]@@QQDDXSVO&
AC]A\ARYE
,H[F@\@\_
UAQTI\D3@QY]O	nHOJ]\GKOAQVETY_X]@@
CQNYSI^G\@U,ER\\RK_QTF@\C[@U_QVSQVSX]NNXDFJ^X^H^XGIAOASLE[U^VJCQG
%	UCQSO[NKPYW_AN4XVRUH]@\[[[3PTJW]RJ@GACXTM2A_TUCA
=L_NXKCCYQXWD[[NMSSO[LV_XYRJ_QW%		F[YRSI]_NPJW]QB_QPWXWR_TBOSSAUNERO_ZOEC[_V]NM[P[VO\CN]@Z2QQCXJOJ^[GITOA.
]Y_\RJD_IT2JAYRI\@]@\WXZ3SIJQQJQ3	QAC]C\CNLPOVVBK@]CXJNMHTTUM\_NP2
BIBDXUVO	AYRJU_N@[OV@IKKSCVDF	E[YAPATK\A@B	KQIIKLPTJO\N<NKP^E	NXHDC[_V/UCRQSI\D@SS3XIEXTI\N^@ISQ<H]BNKLP%
TAVRUJ]B@NAYKYF^GR^EQIZACZTVO

< ]SX_WYANIEYUVO PAY[^JUCR^KJAIQFQ]H]@N@U]QVSPWUX]NNX_,	OJ]\[[
AC^D\APB=QQ ADXTHAR	
 <	B@TWX^NXAD[A+YUJOJN 3\]Y]\PVQAQNZPBTE\\[[QV@P^RXANE, \RV]GIROA		@TVXANQNJVC[@\\UUA^SXL^^]\RX_QPUXWR^UAISSAUN1GNXKC_IXVRVM]@^@U&NKS\WX_@@R+
CNVFISPUNA[AR\jVYZNXQW; 	^UCRSSK@Q		LUQX[[JC_IAXWA__AJSOA
	1A]@@BC[ _VNVFHTOAQLE[\TVJCQG_RVNDH[WSIN_N@YOV@IBK_CVDF3AC]C@S
]ZZ\RH_QC7OJ]^GISQO[	
j	QXIB[@	DFHZ@\^(HRUACQ	V7AQQ CDZHXNMK[[TH\C@SBOVSIBDS_V3 R[VB\ASB	XIBZ_V_NM[PRVK\CN]@T^@@Q@ZADXFVO RAY[_BYCR^KJ,
EVRUJARUCQTSI^_NE8	NXKAC[AXJ(JNI]AR]HKJ_[RJA,Z FVRX
	<		ANKS^UDO	
QIY	BC^TJAR AYH^JUERB	,AEJ^K]@]@UNI]@WB	IQIIBFXTJO\NQ[VQ_@P^WJAN QNJWK_@\\UUA ,]Y]@@QQDDXVVO&
AC]A\AR\E
,H[F@\@\_
UAQTI\A3@SZ]O	nHOJ]\GKOAQVCUZSX]@@
CQNYVB\B\@U,ER\\RK_QTF@\AX@U_QVSQ^_X]NNXDFJ^X^@TTGIAOASLE[]TZJCQG
%	UCRSO[NKPYWZAN4XVRUH]@\^[[3PTJW]RJ@GACXTB2A][UCA
=L_NXKCCYQXWBUY@@SSO[LV[^ZQJ_QW%		F[YRSI]_NPJW]SM_QPWXWR_]OMSSAUNERO_SBGC[_V]NM[PR[M\CN]@Z2QQCXJOJ^[GI[OA.
]Y_\RJK_IT2JAYRI\@]@\WXU3SKEQQJQ3	QAC]C\CNLPOVPBKDZCXJNMHPRTA\_NP2
BIBDXUVO	AYRHZ_N@[OV@IBFYCVDF	E[YAPHYA\A@B	KQIIBAZTJO\N<NKP^E	NXHDC[	_V/UCRQSI\K@SS3XIEXTI\N^@IS[<H]JNKLP%
TAVRUJ]B@NAYJ]C_ER^EQIZDG_TVO

< ]SX_WYANIEY]VO PAY[_AXIR^KJAIQGZPB]@N@U]QVSQ\_X]NNX_,	OJ^\[[
AC^D\AZB=QQ ADXTBAR	
 <	B@TWX^NXAD[K+YUBOJN 3\]Y]\PVQAQN[TI]@\\[[QV@Q[^XANE, \RV]GIROA		@TVPANQNJWH\F\\UUA^SXLUY[\RX_QPUXWR_^FOSSAUN1GNXHC_IXVRVM]@T@U&NKS\WXU@@R+
CNVFISPUNA[ASXjUQOVXT 7^NMHSSQUN@TVPU\RVQFJ^KU@X\[[3PVJW]RJB_I]XWBU@U_QVSQVWXO@@TAVRFIUD\\UUA]SXL_\]\@VQX+RV^GUA
[VA[ASXE%IBFXTK[\N	 &
QLVX]_VQA\BB7VBOJN 3\]Y]\PVQAQNYUK]@\@U	NI]FP[KJ
4E
UXWA\\FUA	NKPVE @QQ@BPTJO\NQ[VQ_GZ^EDOZIV[RB]@N@U
&@TWDOXIA\BBDF3AYRK\C]GNLP%
T@VRUJ]C@UKTSRO3A[SX	,AFJ^K]@^@UAC]C_DR^EQIZGCXHX
	<		BNKS^VDO IACDF	D[YAPL^C\SNLC	PXIQXADXFVO RAY[_F^ARLE%TQNZTVONMKTSRO@QjOVSHCCZ_V3 P[VB\AQEZZ\SL,A]IJ(KNI]AR\E@@JEXCXJNMHVTSI@Q	V7BQQ CDYHX	[YQUUNERO_QLCCIQ	BNVUJPUSIN_N@YOV@I@E[QXJ3AYK\_NLU_]]TVQ^+ XWA^\GHUOA
	1A_@@BC[XJVM]AZ3ELAY[	
j	PXIB[AXJRVTNMSSO[LV\TXRVQW; 	]UCRSSH@Q YER_YNXDGJ^X^B\\G[OA 	C@TTZ]\RX_QPUXWR_^GISAO[=TOVPJ_QUQNZSJ\F@N<QV@P^V^ANE, ^RV]GIPO[^D\@T1SJW@R+
BNVFISQO[	SXV_X]@@
CQNYPKT@@N 3_]Y]\SVQGJ^HY\NP[VQ_AV^EDOYIV[TN]@N@U]QVSQ^WXO@@nXWB\@UAYK[C]GNLQ3QIZCDYRVO

< _SX_W[@@HDCZ,F[F@R	
 <	C@TWX_@@IDB]TJAR AYH_GYANLP%
TBVRUJ]A@N[VA_]@T_@@QAS	CDJHX KAYAKTK\A@B	KQIIKLXTXAR<	QVCRBOVPMCB]Q
2NMHQSSHZ_NP2
@IBDXWAR^[GHU<QKNISS3YIEXTHAR	[YTSM\C@SBOVSHDA[Q3	RAC]C\@NLY @@AAG^RVNENQSS[@QPUJWNPMAC[_V]NM[QTQI\Q@S\	7QIY_V XWB[\FOOA3LVZ]\SL_QW%		D[YRSI_@SPYV^2^SXIIT2KAYRI\A@SEER[XTJC_IAXWA^\FIOA
=L\NXKCCZQRV^FUA_SXLR^]\@VQ
]ZF@OBYZGIAOASLEZXZRJQ_IR;	NMKSOAQVCU^QDO,UQNYVJ]AZ@U,ER\\RI_IDDYR%_@NV[3PUJW]RJA_ITJ^OTA\\[[QV@S]WDO	nKOJ]\GHOA SX\KJ@IQF\TJ]R@NKNINCV^WJAN QNJVN]@\N[[ 
3LUXANQIYCE^HX	(AYH^C\@TB	,AGJ^K]@_[[QTSH_,TD@TNE
,HZF@\@\^[[[VB^GQ]WDOIKD_WJAR	
 <	@@TWX\@@]QNPQVO PAY[^BZAR^KJAIQFYRJ]@N@U]QVSP_WX]NNX_,	OJ^\[[
AC^D\@QB=QQ ADXUIAR	
 <	B@TWX^NXAD[A+ZTJOJN 3\]Y]\PVQAQNYQI]E_\GUA	NKQ]T[]@@R+
ANVFISRO[ LUX]@@T@VRFOUD\\G[OA 	C@TRPY\RJQ_IGKOJNYOMSSS[@Q j		@@BCGJ^HZ@\^[[	3SX_WX]^NXT 7_NMHSSP@Q^FR\ 8Y]NXQW; 	^UCRSSK@Q		LV^[\RVQFJ^NUF\@U,ER\\RK_QTF@\@@NJNINIR^EDOYIVPTJ]R@NHNINIR^EDO,PJ^H]\N[YQTI^F@SZ7@@BA[AADF	&_QV@R^DO^UJAF4 BVRX
	<		ANKS^UDO	
QIZJDXHX	[YVWO\_NP2
BIBDXUVO	AYRH@QPTJWN[LCCIQ	BNVU@USS[@QPVJWN[LCCIQ2[YQSUNSX\WZX@@nJ^K_@\^BUA	.E[OVSJC@QF_THX/]^UCA
=L_NXKCCYQXWB_XGIOASXXPXANE, \RV]GIROA		@TUDOXIVYUH]@N@U^QVSS_WXO@@TBVRFK\B\\UUA ,]Z]@@QQDDZQVO&
AC]A\AP[E
,H[F@\@\_
UAQTI^F3@QLJ
4E
VXWA\\EUA	NI^FS^KJQQEMXHX
	<		BNKS^VDO IBGDF	D[YARKTC\SNLC	PXIQZKDXFVO RAY[]ATARLE%TQNZTVONMKTSQL@QjOVSHCCY_V3 P[VB\AQEZZ\PO,B_IJ(KNI]AR\E@@@B[CXJNMNPQSUN
A8KQIZCEDF	 UCRWO[ ]]J\XVJCQG_RVNFMWSS[@QPVJWNSNGC[_V/AYQI@Q@TPX_YNXA,F@\B\\ELOA
=L^NXKCCXL_VZSJ_E3]B[YA
	1A^@@BC[_V
OJ_YFISOA		@T^^]@@R+
ANVFISRO[ LV]ANQNJUL]@\N[[	ANK@_WX]NNXDEJ^X\F\\G[OA 3PER_\NXIACXVOAR	<
[VB^AR\ KJ
4E
WXWA\\DOAQN\AY.SX]O	nHOJ]\GKOAQVB[[WDOIKBYTVO

< ]SX_WYANIE^HX JAYAH[E\A@B	HQII DBXTXARRACNB[GR^KJ,
EVRVJARUCQTSKY_NE8	NXKAC[FXJ(JNI]AR]HKJ_[RHF,ZQNF	&^QV@R^KJXIG_ CDDF
	UCZQTI@Q	V7BQQ CDYHX	[YRTUNERO][HCCIQ	BNVUHZQSIN_N@YOV@KJA[QXJ3AYK\_NLU_]^WVQ^+ XWA^\GKVOA
	1A_@@BC[XJVM]BY3FAAY[	
j	PXIB[AXJRVXO@SSO[L^QY\NXT 7]NMHSSRUN	]YU@@T@VRFH]H\\UUA^SXLWP]\@VQ
]YF@OB\TGIAOA.AJW^RVQIF_THX\N<
NI]CR^RDO	nIOJ]\GJOAK[C^D=_ERNE, _RV]GIQOANKW]WXANIEXRH]\N	 &
SLVX]]NXTVRUCARPACNA^ER^KJAIQFZPJ]R@NHNINCPZWJAN4C F@_@@NAYQN\AY]@
G2XIBYCF]HX
	<		@NKS^TANPMCB]nDDJ^O

< ^SX_WZANQQKCXTJAR AYO\@]ANLP%
TBVRUJ]A@N[VD\]@T_@@QB]	CDXFVO QAY[]ETAR^KJBIQE^\J]@N@U
&@TWDOXIA\BBDF3AYRK\C]GNLP%
T@VRUJ]C@UKTSRO3D]SX	,AFJ^K]@^@UACTBXAR^EQI] FMXHX
	<		BNKS^VDO IDEDF	D[YARN]A\A@B	HQII DEZTJO\NR[VQ]FS\WJAN4C F@_@@NAYQN\BZ]@
G2XIBYCE^HX
	<		@NKS^TANPMCB]nDFJ^O

< ^SX_WZANQQ	GE_TJAR AYO^KTANLP%
TBVRUJ]A@N[VD^]@T_@@QB\GDXFVO QAY[]DXER^KJBIQE_PN]@N@U
&@TWDOXIA\BBDF3AYRK\C]GNLP%
T@VRUJ]C@UKTSSN3BXD@TNE
,HZF@\@\^[[[VFYET[WDOIBMXSL]\N	 &
SLVX]]NXTVRUNX\NP[VQXAZ^WJANQNJPJU@\\UUA]SXLWP]\RX_Q^7NVEIOA
NI^FR^KJ	
,IEZTJ]G@N 3]]Y]\Q_QYCEZ;K^ANV[3PUJW]RJA_ITJ^N]IZ_GIOASX_WPT\NXT 7]NMHSSRUN	]Y^]NXDGJ^X^F_^GIAOAPLE[[_PJCQG\RVNDOPQSIN_N[8XIA[QF@_G\]EUA,@TUX]]PVQW; 	_UCRSSJ_NCU^Q7Z_@@QW%		E[YRSI^_N]PZ\RJC_IAXWFX]OIOA
=L\NXKCCZQRV[DUA_SXLP_[\RX_QPVXWR][@OSSAUNERO]UMEC[_V/AYQI@Q@TPX\ZNXA,F@\B\\FOOA
=L^NXKCCXL_VZSJ\F3[C[YA
	1A^@@BC[_V
OJTUNISSO[LQ]YURVQW; 	]UCRSSH@Q YERZXNXDGJ^X\H\TGIAOAPLEYU\ZJCQG\RVNFAS[SIN_N[8XIA[QF@_G\]AUA,@TUX]]TVQW; 	_UCRSSJ_NCU^Q7ZY@@QW%		E[YRSI^_N]Q_TTJC_IAXWFZTFIOA
=L\NXKCCZQRV[BUA_SXL_\]\RX_QPVXWR]TCISSAUNERO]ZNCC[_V/AYQI@Q@TPX\ZNXA,F@\B\\FOOA
=L^NXKCCXL_VZSJ]H3UN[YA
	1A^@@BC[_V
OJ]T@H[SSUN]Y]^PCC_IT2HAYRI\B@SCOV[C_QPWXWR^ZGASSAUNERO^TJKC[_V]NM[QUSA\CN]@Z2QQCXJOJ^[GI[OA.
]Y_\RJK_IT2JAYRI\@]@\WXU3[BQI/QAYH\C^]@MJW]ZHAA[_VNVFISUTI@Q	V7BQQ CDYHX	[YZ[UNERO^WMEC[_V^NM[QVTO\CN]@T]@@QA^EDXFVO&NI^ANL\JW^UJCKG%NVFKSSSA@Q	V7@QQ CD[VOB[\GO<RT@NISS3YIEXTHAR	[YRSOUGXARB	XIA\GAXHX
	<		BNKS^VDO IBCQHX JAYAL]ETARLE AQQFE^\J]R@NHNINDSXWXO@@nXWAY@UAYK[C\GNLQ3QIZCDXRVO

< _SX_W[@@HDC[,E_\XWN	 &
PLVX]^NXIEXQJYH\\[[QVCU_QXANE, \RV]GIROA		@TPPANQNJQK^F\\UUA^SXL V[[\RX_QPUXWRY]DOSSAUN1GNXKF_IXVRVM]@Z@U&NKS\WX[@@R+
CNVFISPUNA[ARXjV_XNXQW; 	^UCRSSK@Q		L^QX]RJC_IAXWBZ_@NSOA
	1A]@@BC[ _VNVFNVOAQLE]]XRJCQG_RVNBIWSSIN_N@YOV@OCG[CVDF3AC]F@S
]ZZ\RL_QC7OJ]^GISUO[	
j	QXIB[@	DFHZ@\Z(HTWACQ	V7AQQ CDZHXNM@TTRM\C@SBOVPLBBX_V3 R[VB\ASB	XIB\_V_NM[VSSA\CN]@T^@@QF[KDXFVO RAY[YC\IR^KJ,
EVRUOARUCQTSIZ_NE8	NXKAC[EXJ(JNI]AR]HKJ_[RJE,ZDVRX
	<		ANKS^UDO	
QIZ@E_SJ]\NAC^EUAZ^E
,HYF@\@\][[ QV@UYE @QQFEXPJ]R@NKNINDS^WXO@@TBVRFO\@X\G[OA 3PER\YNXIACXTLAR	<
[VB^AR^KJ
4E
WXWA\\DOAQN\CZ.SYERNE, _RV]GIQOANKS^T[\\RVQFJ^H[FX^GUA	.EYOVSJCBGOJ][AUA_SXL W__\RX_QPVXWRY\@KSSAUNEROYRMAC[_V/AYRL@Q@TPX]ZNXA,F@\B\\GOOA
=L^NXKCCXL_VZSJ]G3]CMAY[	
j	PXIB[AXJRVYCJRWSI@QGER\TZOGCG/RAYH\C]]@PNXKGGG^RVNCIW[SIN_N@ZOV@NCGSCVDF	F[YAWIXK\A@B=IFXHXNVENSSTUN1\JW]PJCC\Q3	PAC]C\BBU_]\T%BD[IJ(KNI]AR\E@@JC\GDXHX	[YQVI[@\]@S=
 QNYTJ\\N AC]D\]@T_@@QGS	CDXFVO QAY[XKTAR^KJBIQ@P\J]@N@U
&@TRDOXIA\CBDF3AYRK\C\GNLP%
T@VRUJ]C@UKTSSO3B[B@TNE
,HZF@\@\^[[[VJYHV\WDOIAAPQK]\N	 &
SLVX]]NXTVRUM^\NP[VQXHUXWJANQNJPCZF\\UUA]SXL^_[\RX_Q^7NVFLOA
NI^FR^KJ	
,IEZTJ]F@N 3]]Y]\Q_QYCD^;KZBNV[3PUJW]RJA_ITJ^CYAUYGIOASX\ RQ]\NXT 7]NMHSSRUN	]YZ^NXDGJ^XYIXXGIAOAPLE\TXVJCQG\RVNC@WWSIN_N[8XIB^QF@_G\\AUA,@TUX]\TVQW; 	_UCRSSJ_NCU^T7YU@@QW%		E[YRSI^_N][YTZJC_IAXWCZ^BIOA
=L\NXKCCZQRVXNUA_SXLWXU\RX_QPVXWR]\GASSAUNERO]RJKC[_V/AYRI@Q@TPX]_NXA,F@\B\\GJOA
=L^NXKCCXL_VZSJ]C3XO[YA
	1A^@@BC[_V
OJ__DLSSO[LT]__RVQW; 	]UCRSSH@Q YERYTNXDGJ^XTGZ\G[OA 	C@T^_[\RX_QPUXWRU[AISAO[=TOVSJ_QUQNZSJ]C@N<QV@P^W[ANE, ^RV]GIPO[^D\AQ1TJW@R+
BNVFISQO[	SX\T\]\NXTVRWJ^A\@U,ER\\RK_QTF@YC@NJNINISXWJANQNJ\K[@\N[[	BNK@VQX]NNX_,	OJ]\[[
AC^D\AQB=QQ ADXTIAR	
 <	B@TWX^NXAD[@+\VXWN	 &
PLVX]^NXIF]TL]@@N[VAUBT^E
,HYF@\@\][[ QVEPB	IQIIK@XTXARQACNDTER^KJBIQCPPJ]R@N
<	SX_KJ@@AD[@XJ  3[YRQI\C_]@S=
QNYTJ^@NENSSP&XBNKLP%
TAVRUJ]B@NAYK_K^ARB	XIASADDF	&]QV@R^KJ	QQBXJ	_UCATVK\CN]@T^@@QD^CDJHX HAYANYA\A@B=IEXHXNVENSSPUN1\JW]PJCCXQ3	PAC]C\BBU_]\Q%GCIV3 Q[VB\APBNXHAEXCXJNMKTWZI@Q	V7BQQ CDYHX	[YWSUNERO[PJCCIQ	BNVUNQSSIN_N@YOV@MAC[QXJ3AYH\_NLU_]\QVQ^+ XWA^\GIPOA
	1A_@@BC[XJVM]@_3CNAY[	
j	PXIB[AXJRV_FAUSSUN][Y^PJ_QW%		F[YRSI]_NPJWXUVQ
][F@OIXXGIAOAPLEQYXRJQ_IGKOJNUCMSSAUN1GNXKC_IXVRVM]@_@U&NKS\WX^@@R+
CNVFISPUNA[AR]jS^OVXT 7^NMHSSQUN@TW\_\RVQFJ^I^B^\[[3PVJW]RJB_I]XWDZ@U_QVS[_WXO@@TAVRFC\B\\UUA]SXLVZ]\@VQX+RV]GUA
[VA[AR]E%IBFXTJ^\N	 &
QLVX]_VQA\CG7POOJN 3\]Y]\PVQAQNZ]J_@\@U	NI_CPZKJ
4E
UXWA\\FUA	NKV[E @QQKLXTJO\NQ[VQTIR^EDOZIVP\J]@N@U
&@TWDOXIA\CGDF3AYRK\C\BNLP%
T@VRUJ]C@UKTSSJ3GXSX	,AFJ^K]@^@UAC^DZGR^EQIX ACXHX
	<		BNKS^VDO IG@DF	D[YA[MTC\SNLC	PXIQSKDXFVO RAY[TGTARLE%TQNYTVONMKTSSJ@QjOVSHCC[_V3 P[VB\AQEZZ\SH,JZIJ(KNI]AR\E@@BF[CDXHX	[Y[ZO[C@SS3ZIEXTKAR 	AY@]_N@[OV@H@FYCVDF	E[YAQJYA\A@B	KQII@AZTJO\N<NKP^E	NXHDCZ_V/UCRQSI]A@SS3XIEXTI\N^@IRV<HUJNKLP%
TAVRUJ]B@NAYHYCYFR^KJQQ@E[WJAR	
 <	@@TWX\@@]QNY]CARPACNFTAZ^EDOYIV]\JU@\N[[	BNK@[WP]\@VQX+RV^GUA
[VA[AS[E%IBFXTKX\N	 &
QLVX]_VQA\BA7UCURVU,ER\\RH_QIVRUNUA][GIOASX]_[X\NXT 7]NMHSSRUN	]YTTNXDGJ^XXG[ZGIAOAPLE]Z[TJCQG\RVNBNTUSIN_N[8XIA[QF@_G\]BUA,@TUX]]WVQW; 	_UCRSSJ_NCU^R7\UUXIIT2KAYRI\A@SEER\XWLJG[_VNVDKVP[I@Q	V7BQQ CDYHX	[YRZN@QPTJWNWMGG[QXJ	^UCAVTMXC\SNLC	SXIQ^G@XTXAR<	QVCRBOVPMCB^Q
2NMHQSSHY_NP2
@IBDXWAR^[GHV<R@ZQV
@S=
QNYTJ_\N		AYRM_@\AR^EQIXA@[TVO

< ]SX_WYANIEQRVO PAY[YD]CR^KJAIQA_UH]@N@U]QVSWYUX]NNX_,	OJ^\[[
AC^D\@WB=QQ ADXUOAR	
 <	B@TWX^NXAD[ F+Y]OOJN 3\]Y]\PVQAQNYPJTCY\GUA	NKQ_SQ]@@R+
ANVFISRO[ LVQX@@T@VRFO[H\\G[OA 	C@TR^U\RJQ_IGKOJNYAASSS[@Q j		@@ACGJ^HZ@]Y[[	3SX_WX\YNXT 7_NMHSSP@Q^FR_ 8YTX@@QW%		E[YRSI^_N]Y^TTJCC[QRV_FOVTSUN
A8KQIZCEDF	 UCRZWUNEROYTNKC[_V^NM[VUWA\CN]@T]@@QF]KDXFVO&NI^ANL\JW^UJBFG%NVFKSSRL@Q	V7@QQ CD[VOB[\FL<RZJNISS3YIEXTHAR	[YRPO^JXARB	XI@ZEBXHX
	<		BNKS^VDO IBM[HX JAYALZBZARLE AQQFBYRJ]R@NHNINDT_WXO@@nXWB\@UAYK[C]DNLQ3QIZCDYQVO

< _SX_W[@@HDCZ,EQVXWN	 &
PLVX]^NXIE[PJ\G\\[[QVBS^PXANE, \RV]GIROA		@T^ZANQNJQOUD\\UUA^SXL RPY\RX_QPUXWRYYOMSSAUN1GNXHC_IXVRVM]AY@U&NKS\WYX@@R+
CNVFISPUNA[AS[jVQ\NXQW; 	^UCRSSK@Q		LV[\[TCCCGOJ_\@AZSO[	
j	SXIB[BXJ NMHZRO[ ]]JXYWHCCIQ	BNVULVVQI\Q@SY\NXXFF^CDJHX([VA\]@QER_[RKF_IU;	RV]EISRVUN
A8IQIZCGHX_G\]B&RZS[VNP2
AIBDXVVOUCRQZLYC\ANLE@@@C^ADDF	&]QV@R^KJ	QQ JDDF	D[YAVL^C\A@B	HQIIFFXTJO\NR[VQYDP^WJAN4C F@_@@NAYQN\BY]@
G2XIBYCE]HX
	<		@NKS^TANPMCC\nB@XF@R	
 <	C@TWX_@@IGMP]O]@@N[VB[HUWKJ
4E
UXWA\\FUA	NKSZKJ@IQGQVJ]@N@U^QVSQWWX]NNXDEJ^X^I^\GIAOA.AJW^RVQIF_TJZ\N<
NI]CR^PDO	nIOJ]\GJOAK[C]B=_QJW@R+
BNVFISQO[	SX_T[]\RJ_Q^F@^B^XDIOA
=L\NXKCCZQRV]NOOA 	B@TR_\^RJQ_IGHOJNY@HQSS[@QPVJWNWMBA[QXJ3AYK\_NLU_]]QVQ^+ XWA^\GHPOA
	1A_@@BC[XJVM]@]3FAPAYN
A8HQIZCFDF NVFHWT[N\C@SBOVPBF@\_V3 R[VB\ASB	XIBS_V_NM[VQZO\CN]@T^@@QFYEDXFVO RAY[YAUGR^KJ,
EVRUJARUCQTSI]_NE8	NXKAC[BXJ(JNI]AR]HKJ_[RJB,Z	AVRX
	<		ANKS^UDO	
QIZ ACPRJ]\NAC^K^GP^E
,HYF@\@\][[ QV@Z\E @QQFF^PJ]R@NKNINDPXWXO@@TBVRFO_FX\G[OA 3PER\\NXIACXTKAR	<
[VB^AR^KJ
4E
WXWA\\DOAQN\C].SVERNE, _RV]GIQOANKS__Y_\RVQFJ^HZITTGUA	.EYOVSJCBGOJ]TFUA_SXL U[_\RX_QPVXWRY^DKSSAUNEROYPIAC[_V/AYRI@Q@TPX]]NXA,F@\B\\GHOA
=L^NXKCCXL_VZSJ]A3]OIAY[	
j	PXIB[AXJRV]GA[UVI\_NPJW^UMBE[Q3	RAC]C\@NLY @@BK[Q	CNVULQSSI\Q@SY_NXXFA[CDJHX HAYAL^C\ARLE%TQNYTVONMKTSSH@QjOVSHCC[ _V3 P[VB\AQEZZ\RK,BSQNF	&^QV@R^KJXIBYCBYTJAR AYKUEY@RB	,AEJ^K]@]@UNI]IUB	IQIIGF\TJO\NQ[VQYEPZWJAN QNJQN_D\\UUA ,]Y]@@QQDDXUVO&
AC]A\AR_E
,H[F@\@\_
UAQTI\B3@ZX]O	nHOJ]\GKOAQV@P^RZ]\NXTVRVC^G\\[[3PVJW]RJB_I]XWATZ[[	@NK@[^Z]\@VQ
]ZF@OE_UEISAO[ _]JX_[HCCIQ2[YRSUNSX\WX\@@nJ^K_@\\FUA	.E[OVSJC@QF_TJ\/]TB[YA
	1A^@@BC[_V
OJ]]OATSSI@QGER_URCBCG/RAYH\C]]@PNXKKFG^RVNBJUSSIN_N@ZOV@O@E[CVDF	F[YAVJZC\A@B=IEXHXNVENSSRUN1\JW]PJCCZQ3	PAC]C\BBU_]\S%BK_IJ(KNI]AR\E@@BB]	BAXTVO AYQATB_ANLP%
TBVRUJ]A@N[VBTENLC	QXIQ^ALXTXARQACNF_CZ^EDOZIV]WHU@\N[[ 
3LVXANQIYCDYHX	(AYH^C\ASB	,AGJ^K]@_[[QTSI],]I[LJ
4E
VXWA\\EUA	NI]CU]WX]@@
CQN[TH\G\@U,ER\\RK_QTF@\HU@U_QVSWZ_X]NNXDFJ^XXDTTGIAOASLE]YTZJCQG
%	UCRSO[NKPYWYAN4XVRUH]@\][[3PTJW]RJ@GACXTK2ATTUCA
=L_NXKCCYQXWA^YF@TSSUN]ZTUQIC_IT2HAYRI\B@SCOVSBK_IGIOJNYCLUSS[@QPUJWNWNFE[QXJ	]UCAVWLZC\SNLV3IBDDF	RV^@ISRO[=QER\^RJCBG/PAYH\C_NLPX\Z=KCDIV3 Q[VB\APBNXH@C\CDDF
	UCRRVN]C@SS3ZIEXTKAR 	AYH\D@SY^NXXAK]CDJHX KAYAKTEXARLE BQQAL^PJ]R@N
<	SX\KJ@@AD[ EXJ  3[YRQI\BZ]@S=
QNYTJ^@NENSRU&]CZSX	,AFJ^K]@^@UAC^AXHP^KJQQ BGQ]JAR	
 <	@@TWX\@@]QNYTLARPACNATBP^EDOYIVZ\I_@\N[[	BNK@\TZ]\@VQX+RV^GUA
[VA[ASXE%IBFXTK[\N	 &
QLVX]_VQA\BF7UO_RVU,ER\\RH_QIVRRN]DY\GUA	NKP^QP]@@R+
ANVFISRO[ LV]_@@T@VRFN^@X\G[OA 	C@TS[]XRJQ_IGKOJNXDIWSS[@Q j		@@ACGJ^HZ@]^[[	3SX_WX\^NXT 7_NMHSSP@Q^FR^ 8Y^^@@QW%		E[YRSI^_N]\\TZCCCGOJ]ZE@WSO[	
j	SXIB[BXJ NMHPQO[ ]]J^ZTNCCIQ	BNVUJUUWI\Q@SY\NXX@E]CDJHX([VBY]@QER_[RJF_IU;	RV]EISSVUN
A8IQIZCGHX_G\\B&RPP[VNP2
AIBDXVVOUCWQ[J^C\]@ZNXKEF[CXJ(HNI]AR_EQIZ@XJ	_UCAPU@ZC\SNLC	PXIQXJBXTXARRACN@ZHT^EDO,PJ^KX\N[YQTI\F@SZ7@@BA[CADF	&_QV@R^DO^UJCF4 @DJ^O

< ^SX_WZANQQCD]WJ]\NAC]FTIT^E
,HYF@\@\][[ QV@Q^E @QQ@BXTJ]R@NKNINBT^WXO@@TBVRFI[@\\G[OA 3PER\YNXIACXTOAR	<
[VB^AR^ KJ
4E
WXWA\\DOAQN\CY.S]ERNE, _RV]GIQOANKV^Q[]\NXTVRUL]HU\[[3PVJW]RJB_I]XWA_][[	@NK@]TZ]\@VQ
]ZF@OCZ_EISAO[ _]J^ZQHCCIQ2[YRVUNSX\WXX@@nJ^K_@\\BUA	.E[OVSJC@QF_TJX/]_A[YA
	1A^@@BC[_V
OJXY@LZSSUN]YZ]PLC_IT2HAYRI\B@SCOVSIE_IGIOJN_@@QSS[@QPUJWNQMJA[QXJ	]UCAPT@^C\SNLV3IBADF	RV^@ISVO[=QER\^RJCFG/PAYH\C_NLPX]Y=K@DIV3 Q[VB\APBNXNED]	CDDF
	UCRTPJ[C@SS3ZIEXTKAR 	AYH_D@SY^NXX@KYCDJHX KAYAJTAXARLE BQQ@LZPJ]R@N
<	SX_ KJ@@AD[FXJ  3[YRQI\CY]@S=
QNYTJ^@NENSSV&]@XSX	,AFJ^K]@^@UACX@[HS^KJQQ ECXSJAR	
 <	@@TWX\@@]QNYWNARPACN@[CZ^EDOYIV[SHU@\N[[	BNK@]UP]\@VQX+RV]BUA
[VA[AR[E%IBFXTJX\N	 &
QLVX]_VQA\CA7UIXRVU,ER\\RH_QIVRPNZF[\GUA	NKSXV^]@@R+
ANVFISRO[ LV[X@@T@VRFIZF\\G[OA 	C@TT_[\RJQ_IGKOJN_@OSSS[@Q j		@@BFGJ^HZ@\Y[[	3SX_WX]YNXT 7_NMHSSP@Q^FR_8YXX@@QW%		E[YRSI^_N]^[ZUOCCGOJ^]FJVSO[	
j	SXIB[BXJ NMHVWO[ ]]JY_TBCCIQ	BNVUMPU[I\Q@SY\NXXG@]	CDJHX([VA\]@QER_[RKA_IU;	RV]EISRQUN
A8IQIZCGHX_G\\B&RP[[VNP2
AIBDXVVOUCWTT@XC\]@ZNXKDF^CXJ(HNI]AR_EQIZKXJ	_UCAP[LZC\SNLC	PXIQX	FBXTXARRACN@TDT^EDO,PJ^KX\N[YQTI\F@SZ7@@BA[CADF	&_QV@R^DO^UJCF4 @MJ^O

< ^SX_WZANQQKL[RJ]\NAC]D[GV^E
,HYF@\@\][[ QV@QWE @QQ@LP\J]R@NKNINBZVWXO@@TBVRFIUHT\G[OA 3PER\YNXIACXTOAR	<
[VB^AR^ KJ
4E
WXWA\\DOAQN\B^.S[ ERNE, _RV]GIQOANKTVUX]\NXTVRVK^G]\[[3PVJW]RJB_I]XWAYY[[	@NK@ZWX]\@VQ
]ZF@ODX\GISAO[ _]JYXRJCCIQ2[YQSUNSX\WY_@@nJ^K_@\]EUA	.E[OVSJC@QF_TJZ/T_UCA
=L_NXKCCYQXWA]UGJSSO[LP_UYRVQW; 	]UCRSSH@Q YERU_NXDGJ^X_@UZGIAOAPLEZ]UTJCQG\RVNEIZUSIN_N[8XIA[QF@_G\\@UA,@TUX]\UVQW; 	_UCRSSJ_NCU^P7U^@@QW%		E[YRSI^_N]Y\YWJCCGOJ[ZCJSOA
	1A]@@BC[ _VNVOKOA 	B@TUX[XRJQ_IGHOJN^GOWSS[@QPVJWNPJEG[QXJ3AYK\_NLU_]\UVQ^+ XWA^\GITOA
	1A_@@BC[XJVM]@[3OHAY[	
j	PXIB[AXJRV]FKSVSI@QGERZYRHC_IT2HAYRI\B@SCOVZK_QPWXWR^\DKSSAUNERO^RIAC[_V]NM[QSPK\CN]@Z2QQCXJOJ^[GITOA.
]Y_\RJD_IT2JAYRI\@]@\WXZ3ZJQI/QAYH\C^]@MJW]RBEK[_VNV@JUQSUN
A8KQIZCEDF	 UC[SO[ ]]J_\RJCCIQ	BNVUKSSSI\Q@SY\NXXAC[CDJHX([VA\]@QER_[RJD_IU;	RV]EISSTUN
A8IQIZCGHX_G\\@&[TACQ	V7AQQ CDZHXNMHPPZL\C@SBOVZIEE[Q3	RAC]C\@NLY @@KDG^RVNEKQWSIN_N@ZOV@HAA_CVDF	F[YAQK^G\A@B=IFXHXNVENSSTUN1\JW]PJCC\Q3	PAC]C\BBU_]\U%KEIV3 Q[VB\APBNXK@CZCDDF
	UC[QR@\_NP2
BIBDXUVO	AY[O@QPTJWNPKJA[QXJ	^UCAQR@^C\SNLC	SXIQY JFXTXAR<	QVCRBOVPMCC\Q
2NMHQSSI[_NP2
@IBDXWAR^[GIT<[LNISS3YIEXTHAR	[YRQO_@\ANLE@@KC\CXJ(HNI]AR_EQIS_V_NM[QRUI\CN]@T^@@QAZCDXFVO RAY[^BZAR^KJ,
EVRVJARUCQTSI[_NE8	NXKAC[DXJ(JNI]AR]HKJ_[RJD,SQNF	&^QV@R^KJXIBYE@XTVO AYT@^K\]@S=
 QNYTJ\\N ACTG@SY^NXXABY	CDJHX KAYAK]ATARLE BQQAEZ\J]R@N
<	SX\KJ@@AD[DXJ  3[YRQI\C[]@S=
QNYTJ^@NENSQU&YBNKLP%
TAVRUJ]B@NAYJTC[ARB	XI@SADDF	&]QV@R^KJ	QQBXJ	_UCARSN^C\SNLC	PXIQZDFXTXARRACNB\FP^EDO,PJ^H]\N[YQTI^E@SZ7@@BA[ABDF	&_QV@R^DO^UJAE4CVRX
	<		ANKS^UDO	
QIXGAXTVO AYPN^K\]@S=
 QNYTJ\\N ACYC@SY^NXXBC_CDJHX KAYAH\G\ARLE BQQBD\TJ]R@N
<	SX\KJ@@AD[EXJ  3[YRQI\AZ]@S=
QNYTJ^@NENSST&TJNKLP%
TAVRUJ]B@NAYHXBU@R^EQISE@XHX
	<		BNKS^VDO IKMDF	D[YAQKTK\A@B	HQIIALPTJO\NR[VQ^CZVWJAN4C F@_@@NAYQN\C[]@
G2XIBYCD_HX
	<		@NKS^TANPMCC\nKLJ^O

< ^SX_WZANQQ @CP]J]\NACTF]ERB	,AEJ^K]@]@UNITINLC	QXIQYFBXTXARQACNA^DT^EDOZIVZVO[@\N[[ 
3LUXANQIYCD_HX	(AYH^C\AUB	,AGJ^K]@_[[QTSKZ,YD@TNE
,HZF@\@\^[[[VGYAW^KJQQABXTVO

< ]SX_WYANIA]HX JAYAH^C\ARLE AQQBFXTJ]R@NHNIN@P^WXO@@nXWB\@UAYK[C^GNLQ3QIZCDZRVO

< _SX_W[@@HDCY,A\F@R	
 <	C@TWX_@@IGGZWJ]\NACXBY@RB	,AEJ^K]@]@UNIYENLC	QXIQZ ELXTXARQACNB]GZ^EDOZIVYULU@\N[[ 
3LUXANQIYCF^HX	(AYH^C\CTB	,AGJ^K]@_[[QTSKZ,YF@TNE
,HZF@\@\^[[[VGTIV^KJQQGLYTVO

< ]SX_WYANIA_HX JAYAH^EXARLE AQQBF^PJ]R@NHNIN@PXWXO@@nXWB\@UAYK[C^GNLQ3QIZCDZRVO

< _SX_W[@@HDCY,A^F@R	
 <	C@TWX_@@IGBQVJ]\NACX@[ARB	,AEJ^K]@]@UNIYGNLC	QXIQZ@FXTXARQACNB^BP^EDOZIVYVI_@\N[[ 
3LUXANQIYCF^HX	(AYH^C\CTB	,AGJ^K]@_[[QTSIX,UD@TNE
,HZF@\@\^[[[VBZF[\WDOIJAP\JAR	
 <	@@TWX\@@]QNQQVO PAY[^GTAR^KJAIQF\\J]@N@U]QVSPZWX]NNX_,	OJ]\[[
AC^D\AVB=QQ ADXTNAR	
 <	B@TWX^NXAD[G+QPXWN	 &
PLVX]^NXIE^WIX@\@U	NIUEQ_KJ
4E
UXWA\\FUA	NK[ZE @QQA@\\J]R@NKNINCVZWXO@@TBVRFHYDT\G[OA 3PER\\NXIACXTNAR	<
[VB^AR^KJ
4E
WXWA\\DOAQN\CX.[Y]O	nHOJ]\GKOAQV@UYQX]@@
CQNQ]J[@@N 3_]Y]\SVQGJ^CZ\NP[VQ^DVZWJANQNJVOYD\\UUA]SXLR\Y\RX_Q^7NVFIOA
NI^FR^KJ	
,IEZTJ]D@N 3]]Y]\Q_QYCD\;C[RVU,ER\\RH_QIVRUM_EU\GUA	NK[YQXANE, \RV]GIROA		@TQDOXIVZQK_@\N[[	ANK@\ VZ]\@VQ
]YF@OBY]EISAO[=TOVSJ_QUQNZSJ]D@N<QV@P^W\ANE, ^RV]GIPO[^D\AV1VJW@R+
BNVFISQO[	SX_ WZ]\RVQFJ^BTF[\[[3PVJW]RJB_I]XWI]@U_QVSP] UX]NNXDFJ^X_CY^GIAOASLEZ^YPJCQG
%	UCRSO[NKPYW\AN4XVRUH]@\X[[3PTJW]RJ@GACXTN2I\NMA	.EZOVSJCAGF@\DZ\FISOA		@T_YX\NXT 7]NMHSSRUN	]Q]@@T@VRFH^B\\G[OA 	C@TU[_\RJQ_IGKOJN^DKSSS[@Q j		@@BCGJ^HZ@\X[[	3SX_WX]XNXT 7_NMHSSP@Q^FR^8Q^NXQW; 	^UCRSSK@Q		LV]UTUJC_IAXWI^[BIOA
=L\NXKCCZQRVUDUA_SXLSY[\RX_QPVXWR^XFOSSAUNERO^VKEC[_V/AYRI@Q@TPX]XNXA,F@\B\\GMOA
=L^NXKCCXL_VZSJ]D3UE[YA
	1A^@@BC[_V
OJ]YCMZSSUN]Q\^RJ_QW%		F[YRSI]_NPJWUPVQ
][F@OB_TCISAO[ \]J__ZNCCIQ	ANVUKP[WI\Q@S\	7QIZ_V XWB[\GMOA3LVZ]\RN_QW%		D[YRSI_@SPYW\2U[XIIT2KAYRI\A@SEER\TUKKC[QRV]GKQZSUN
A8KQIZCEDF	 UCZZO[ ]]J_ZRBCCIQ	BNVUKUS[I\Q@SY\NXXAE[	CDJHX([VB\]@QER_[RJG_IU;	RV]EISSWUN
A8IQIZCGHX_G\\C&Z[ACQ	V7AQQ CDZHXNMH[QQK\C@SBOVSJCE\_V3 R[VB\ASB	XIJSQ	CNVUKVTUI\Q@SY_NXXAF\CDJHX HAYAKYDZARLE%TQNYTVONMKTSSM@QjOVSHCC[_V3 P[VB\AQEZZ\SL,B[QNF	&^QV@R^KJXIA_DCXTVO AYRHUBUANLP%
TBVRUJ]A@N[VB\HNLC	QXIQYALXTXARQACNAUCZ^EDOZIVZ]HU@\N[[ 
3LUXANQIYCE^HX	(AYH^C\@TB	,AGJ^K]@_[[QTSHZ,]AZLJ
4E
VXWA\\EUA	NI^BTYWXANIEYSNY@@N 3_]Y]\SVQGJ^K]H@NJNINCZWWXO@@TAVRFHUIZ\G[OA 	@@TUPTZRJQ_IR;	NMKSOAQVCU^QDO,UQNYVJ]AZ@U,ER\\RI_IDDXP%\CUNMA	.EZOVSJCAGF@YHT_AISOA		@TP_[XRVQW; 	]UCRSSH@Q YER\_[VQ
][F@OCTTOISAO[ \]J^TZBCCIQ	ANVUJ[[[I\Q@S\	7QIZ_V XWB[\GMOA3LVZ]\RN_QW%		D[YRSI_@SPYW\2]QBQI/QAYH\C^]@MJWXUMJG[_VNVFNVVSI@Q	V7BQQ CDYHX	[YRPA@QPTJWNQBFE[QXJ	^UCAP[LZC\SNLC	SXIQX	FBXTXAR<	QV@RBOVPMCC_Q
2NMHQSSIX_NP2
@IBDXWAR^[GIW<RJ_QV
@S=
QNYTJ_\N		AYWKT@^ARB	XIB]CDXHX
	<		BNKS^VDO IBG[HX JAYAJZJZARLE AQQ@BQRJ]R@NHNINBTWWXO@@nXWA\@UAYK[C\ENLQ3QIZCDXPVO

< _SX_W[@@HDC[,E[VXWN	 &
PLVX]^NXI@Y\BT@\@U	NI]GPWWDO	nKOJ]\GHOA SX_UDOXIV[RLY@\N[[	ANK@]Q\]\@VQ
]YF@OCZZCISAO[=TOVSJ_QUQNZSJ]D@N<QV@P^W\ANE, ^RV]GIPO[^D\AV1TYOVXT 7^NMHSSQUN@TWQ[_RJ_Q^F@\F\TNIOA
=L\NXKCCZQRV]DHOA 	B@TT^^^RJQ_IGHOJN_AJQSS[@QPVJWNQL@A[QXJ3AYH\_NLU_]\VVQ^+ XWA^\GIWOA
	1A_@@BC[XJVM]@X3FJSAYN
A8HQIZCFDF NVCISVPI\_NPJW]WBKE[Q3	RAC]C\@NLY @@B@[Q	CNVUJUSSI\Q@SY_NXX@E[CDJHX HAYAJZC\ARLE%TQNYTVONMKTSSM@QjOVSHCC[_V3 P[VB\AQEZZ\RN,BXQNF	&^QV@R^KJXIG]ELXTVO AYRN_@[ANLP%
TBVRUJ]A@N[VB_FNLC	QXIQX	A@XTXARQACN@TCV^EDOZIV[\HY@\N[[ 
3LVXANQIYCD\HX	(AYH^C\AVB	,AGJ^K]@_[[QTSIX,]BTLJ
4E
VXWA\\EUA	NIXDU[WXANIE_UH[@@N 3_]Y]\SVQGJ^K^F@NJNINBUWWXO@@TAVRFIZI^\G[OA 	@@TT_T^RJQ_IR;	NMHSOAQVCU^SDO,UQNYVJ]@X@U,ER\\RI_IDDXP%\CYNMA	.EZOVSJCAGF@YD[Z@ISOA		@TQQ\ZRVQW; 	]UCRSSH@Q YER\_WVQ
][F@OC[ZGISAO[ \]J^[TJCCIQ	ANVUJTUSI\Q@S\	7QIZ_V XWB[\GMOA3LVZ]\RN_QW%		D[YRSI_@SPYW\2]QNQI/QAYH\C^]@MJWXQMJB[_VNVFOTSTI@Q	V7BQQ CDYHX	[YRPM@QPTJWNQMAK[QXJ	^UCAPTKTC\SNLC	SXIQXALXTXAR<	QV@RBOVPMCC_Q
2NMHQSSIX_NP2
@IBDXWAR^[GIP<RM]QV
@S=
QNYTJ_\N		AYVIUD^ARB	XIBS JBXHX
	<		BNKS^VDO IB@YHX JAYAJUF^ARLE AQQ@M]VJ]R@NHNINB[[WXO@@nXWA\@UAYK[C\BNLQ3QIZCDXWVO

< _SX_W[@@HDC[,E\TXWN	 &
PLVX]^NXI@Q\CX@\@U	NI]F[YWDO	nKOJ]\GHOA SX_WDOXIV[]H]@\N[[	ANK@]UX]\@VQ
]YF@OCU^GISAO[=TOVSJ_QUQNZSJ]C@N<QV@P^W[ANE, ^RV]GIPO[^D\AP1ERNE, _RV]GIQOANKS] WXANI@Z\JAR	
 <	@@TWX\@@]QNQHX JAYAOXC\SNLC	PXIQ]CDJHX HAYAOXC\SNLV3IBDDF	RV^@ISQO[=QER\^RJCAG/PAYH\C_NLPX]^=BQI/QAYH\C^]@MJW]RLCCGOJ_[FIOA
=L\NXKCCZQRVT[[	@NK@[WXO@@TAVRFO[@\N[[	BNK@[WXO@@nXWA\@UAYK[C\CNLQ3QIZCDXVVO

< _SX_W[@@HDC[,E\QXWN	 &
PLVX]^NXIA]PLX@\@U	NI]HRYWDO	nKOJ]\GHOA SX_RDOXIV\TB]@\N[[	ANK@Z_X]\@VQ
]YF@OD\TGISAO[=TOVSJ_QUQNZSJ]C@N<QV@P^W[ANE, ^RV]GIPO[^D\AQ1S\OVXT 7^NMHSSQUN@T S[\XRJ_Q^F@\HTYCIOA
=L\NXKCCZQRV]CMOA 	B@TSXYTRJQ_IGHOJNXGM[SS[@QPVJWNVJGK[QXJ3AYH\_NLU_]\QVQ^+ XWA^\GIPOA
	1A_@@BC[XJVM]@_3FMTAYN
A8HQIZCFDF NVBN[QQI\_NPJW][OAG[Q3	RAC]C\@NLY @@BG\Q	CNVUMRWWI\Q@SY_NXXGB_CDJHX HAYAM]GXARLE%TQNYTVONMKTSSJ@QjOVSHCC[_V3 P[VB\AQEZZ\RI,B_QNF	&^QV@R^KJXIF]@@XTVO AYR@^JUANLP%
TBVRUJ]A@N[VBXGNLC	QXIQ_ BFXTXARQACNG]@P^EDOZIV\UK_@\N[[ 
3LVXANQIYCD[HX	(AYH^C\AQB	,AGJ^K]@_[[QTSI^,_SX	,AFJ^K]@^@UACUC\]@ZNXKCB[Q3	RAC]C\@NLY @@@_IGIOJN]AISAO[ \]J\ZRJQ_IGKOJN]AISAO[=TOVSJ_QUQNZSJ]B@N<QV@P^WZANE, ^RV]GIPO[^D\AP1ERNE, _RV]GIQOANKQ^KJQQCDDF	&]QV@R^KJ	QQ_V_NM[[SS[@QPUJWNZJCQG\RVNOISAO[=TOVSJ_QUQNZSJ]B@N<QV@P^WZANE, ^RV]GIPO[^D\AP1ERNE, _RV]GIQOANKRB	XICG/RAYH\C]]@PNXK_QPWXWR\N[[	ANK@^KJBIQDJHX([VB\]@QER_[RJA_IU;	RV]EISSQUN
A8IQIZCGHX_G\\E&TAYN
A8HQIZCFDF NVOISSO[LTYX\NXT 7]NMHSSRUN	]_ANQNJPB]@N@U^QVSVVWJAN QNJPB]@N@U
&@TWDOXIA\CFDF3AYRK\C\CNLP%
T@VRUJ]C@UKTSSK3ENKLP%
TAVRUJ]B@NAYLZC\]@ZNXHEC[Q3	RAC]C\@NLY @@E_IGIOJNXGISAO[ \]JY\RJQ_IGKOJNXGISAO[=TOVSJ_QUQNZSJ]B@N<QV@P^WZANE, ^RV]GIPO[^D\AP1 ERNE, _RV]GIQOANKQZWDOIAD^TVO

< ]SX_WYANIADF	D[YAPK\CN]@T^@@Q@YCVDF	F[YAPK\CN]@Z2QQ CXJOJ^[GIQOA.
]Y_\RJA_IT2JAYRI\@]@\WX_3VXIIT2KAYRI\A@SEER\URJ_Q^F@\E_\[[3PVJW]RJB_I]XWD@NJNINCV^EDOYIVZPJ]R@NHNINCV^EDO,PJ^K]\N[YQTI\A@SZ7@@BA[CFDF	&_QV@R^DO^UJCF4KVRX
	<		ANKS^UDO	
QIZ	AFZTJAR AYH\CZFRB	,AEJ^K]@]@UNIUINLC	QXIQYDBXTXARQACNAYFT^EDOZIVZQM[@\N[[ 
3LV]ANQIYCD]HX	(AYH^C\AWB	,AGJ^K]@_[[QTSIY,UH@TNE
,HZF@\@\^[[[VBTFSVWDOIBDZVC]\N	 &
SLVX]]NXTVR]CARPACNAZAZ^EDOYIVZRJU@\N[[	BNK@\WP]\@VQX+RV]BUA
[VA[AR[E%IBFXTJX\N	 &
QLVX]_VQA\BE7UOZRVU,ER\\RH_QIVRSJZG^\GUA	NKP_S^]@@R+
ANVFISRO[ LV]Z@@T@VRFNYFX\G[OA 	C@TS\[XRJQ_IGKOJNXCOWSS[@Q j		@@ACGJ^HZ@]][[	3SX_WX\]NXT 7_NMHSSP@Q^FR^ 8Q_NXQW; 	^UCRSSK@Q		LV]YX[JC_IAXWI]^GIOA
=L\NXKCCZQRVUEUA_SXLTPY\RX_QPVXWR^_OMSSAUNERO^QBGC[_V/AYRL@Q@TPX]YNXA,F@\B\\GLOA
=L^NXKCCXL_VZSJ]E3UD[YA
	1A^@@BC[_V
OJ]YOATSSUN]Q_[WJ_QW%		F[YRSI]_NPJWUQVQ
][F@OBX]AISAO[ \]J_XSLCCIQ	ANVUKWRUI\Q@S\	7QIZ_V XWB[\GLOA3LVZ]\RO_QW%		D[YRSI_@SPYW]2URXIIT2KAYRI\A@SEER\XTJBC[QRVTOHVSO[	
j	SXIB[BXJ NM@SOAQLEZ^^RJCQG_RVNEJQSSIN_N@YOV@H@A[CVDF3AC]F@S
]ZZ\RO_QC7OJ]^GISVO[	
j	QXIB[@	DFHZ@\Y(@RAYN
A8HQIZCFDF NVFLSQSI\_NPJWT[LDCG/RAYH\C]]@PNXCB_IGIOJN^DLQSS[@QPUJWNPIFA[QXJ	]UCAQPL^C\SNLV3IBADF	RV^@ISVO[=QER\^RJCFG/PAYH\C_NLPX]Y=CEQQJQ3	QAC]C\CNLPOVSMAFRCXJNM@TWUI@Q	V7BQQ CDYHX	[YZUUNERO^WKAC[_V^NM[QVRK\CN]@T]@@QA^ ADXFVO&NI]DNL\JW^UJCFG%NVFKSSSL@Q	V7@QQ CD[VOB[\GL<ZT[VNP2
AIBDXVVOUCRTTJZC\]@ZNXCJC]_V3 R[VB\ASB	XIJ\Q	CNVUKVWWI\Q@SY_NXXAF_CDJHX HAYAKYGXARLE%TQNYQVONMKTSSL@QjOVSHCC[_V3 P[VB\AQEZZ\RO,J_IJ(KNI]AR\E@@BEXFDXHX	[YZWJ]C@SS3ZIEXTKAR 	AY@X_N@[OV@HGGSCVDF	E[YAQMXK\A@B	KQIIG@PTJO\N<NKS[E	NXHDC[_V/UCRQSI\F@SS3XIEXTI\N^@ISV<@YQV
@S=
QNYTJ_\N		AYRO[J^ARB	XIJ^	KDDF	&]QV@R^KJ	QQFXJ	_UCAQWA\C\SNLC	PXIQYKDXTXARRACNAXIR^EDO,PJ^KX\N[YQTI\F@SZ7@@BA[CADF	&_QV@R^DO^UJCB4 EMJ^O

< ^SX_WZANQQ	JEXTJ]\NAC^GT@T^E
,HYF@\@\][[ QV@TWE @QQGL\\J]R@NKNINEZZWXO@@TBVRFNUDT\G[OA 3PER\\NXIACXTKAR	<
[VB^AR^KJ
4E
WXWA\\DOAQN\C].SXERNE, _RV]GIQOANKZYSQ]\NXTVRVNXF]\[[3PVJW]RJB_I]XWAZT[[	@NK@ZV^]\@VQ
]ZF@ODT]AISAO[ _]JYTSLCCIQ2[YRSUNSX\WX\@@nJ^K_@\\FUA	.E[OVSJC@QF_TH[/^\G[YA
	1A^@@BC[_V
OJ]YDIVPSI@QGER^_VI@CG/RAYH\C]]@PNXHCCG^RVNBAWSSIN_N@ZOV@OKG[CVDF	F[YAVAXC\A@B=IFXHXNVENSQUUN1\JW]PJCA]Q3	PAC]C\BBU_]\U%BGRIJ(KNI]AR\E@@ECY@DXHX	[YRZ@[D\]@S=
 QNYTJ\\N AC]GU]@T_@@QGYKDXFVO QAY[XA\IR^KJBIQ@ZTB]@N@U
&@TWDOXIA\CCDF3AYRK\C\FNLP%
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,HZF@\@\^[[[VAZ@TWWDOIBF\QK]\N	 &
SLVX]]NXTVRUK_\NP[VQ_APZWJANQNJWJ_D\\UUA]SXLWZY\RX_Q^7NVFIOA
NI^FR^KJ	
,IEZTJ]B@N 3]]Y]\Q_QYCDY;K[ANV[3PUJW]RJA_ITJ^M[E^ZGIOASX\_YY\NXT 7]NMHSSRUN	]Y[]NXDGJ^XYEU^GIAOAPLE\XUPJCQG\RVNCLZQSIN_N[8XIB[QF@_G\\FUA,@TUX]\SVQW; 	_UCRSSJ_NCU^V7\ZRXIIT2KAYRI\A@SEERZYROFC[QRV^ELTSSUN
A8KQIZCEDF	 UCRUSUNEROXWLCC[_V^NM[WVUI\CN]@T]@@QG^CDXFVO&NI]ANL\JW^UJCBG%NVFKSSSH@Q	V7@QQ CD[VOB[\GH<RUJNISS3YIEXTHAR	[YTZL_G\ANLE@@A@XEDDF	&]QV@R^KJ	QQ EGDF	D[YAWOYE\A@B	HQIIEA^TJO\NR[VQXGWXWJAN4C F@\@@NAYQN\C]]@
G2XIBYCDYHX
	<		@NKS^TANPMCCZnBBZF@R	
 <	C@TWX_@@IDLXUC]@@N[VA_AWWKJ
4E
UXWA\\FUA	NKSXKJ@IQ@^VN]@N@U^QVSVXSX]NNXDEJ^XYF^XGIAOA.AJW]RVQIF_TJ\\N<
NI]CR^VDO	nIOJ]\GJOAK[C\@=_RJW@R+
BNVFISQO[	SXVQ[_\RVQFJ^H^H\XGUA	.EYOVSJCBGOJ]ZBUA_SXLPZ]\RX_QPVXWRX[EISSAUNEROXUHCC[_V/AYRI@Q@TPX]]NXA,F@\B\\GHOA
=L^NXKCCXL_VZSJ]A3]AMAY[	
j	PXIB[AXJRVTFITQSI@QGER__WOGCG/RAYH\C]]@PNXKEGG^RVNCO[[SIN_N@ZOV@NEKSCVDF	F[YAWOTK\A@B=IEXHXNVENSSRUN1\JW]PJCCZQ3	PAC]C\BBU_]\S%BE\IJ(KNI]AR\E@@KFSBDXHX	[YQWJ\D\]@S=
 QNYTJ\\N AC]E[]@T_@@QG\	GDXFVO QAY[XDTER^KJBIQ@_\N]@N@U
&@TWDOXIA\CEDF3AYRK\C\@NLP%
T@VRUJ]C@UKTSSH3BZG@TNE
,HZF@\@\^[[[VKXCS[WDOIA@XQO]\N	 &
SLVX]]NXTVRUL[\NP[VQXFW\WJANQNJPMXB\\UUA]SXLP]_\RX_Q^7NVFIOA
NI^FR^KJ	
,IEZTJ]A@N 3]]Y]\Q_QYCDZ;CZRVU,ER\\RH_QIVRUMZCZ\GUA	NK[WQXANE, \RV]GIROA		@TPDOXIVZQNY@\N[[	ANK@\ S\]\@VQ
]YF@OBYXCISAO[=TOVSJ_QUQNZSJ]B@N<QV@P^WZANE, ^RV]GIPO[^D\AP1QJW@R+
BNVFISQO[	SX_U]T\RVQFJ^CZDZ\[[3PVJW]RJB_I]XWIZ@U_QVSP[UX]NNXDFJ^X_E]^GIAOASLEZX]PJCQG
%	UCRSO[NKPYWZAN4XVRUH]@\^[[3PTJW]RJ@GACXTH2IYNMA	.EZOVSJCAGF@\F[UEISOA		@TRPU\NXT 7]NMHSSRUN	]QX@@T@VRFHYH\\G[OA 	C@TU\U\RJQ_IGKOJN^CASSS[@Q j		@@BCGJ^HZ@\^[[	3SX_WX]^NXT 7_NMHSSP@Q^FR^8QYNXQW; 	^UCRSSK@Q		LV^^_WJC_IAXWIX_FIOA
=L\NXKCCZQRVUCUA_SXLS\U\RX_QPVXWR^XCASSAUNERO^VNKC[_V/AYRI@Q@TPX]^NXA,F@\B\\GKOA
=L^NXKCCXL_VZSJ]B3UD[YA
	1A^@@BC[_V
OJ]YOATSSUN]Q_[WJ_QW%		F[YRSI]_NPJWUQVQ
][F@OBX]AISAO[ \]J_XSLCCIQ	ANVUKWRUI\Q@S\	7QIZ_V XWB[\GKOA3LVZ]\RH_QW%		D[YRSI_@SPYWZ2UPXIIT2KAYRI\A@SEER\YVNJC[QRVUFKSSO[	
j	SXIB[BXJ NM@QOAQLEZ^TVJCQG_RVNEJ[WSIN_N@YOV@H@K_CVDF3AC]C@S
]ZZ\RH_QC7OJ]^GISQO[	
j	QXIB[@	DFHZ@\^(@RAYN
A8HQIZCFDF NVFLSQSI\_NPJWT[LDCG/RAYH\C]]@PNXCB_IGIOJN^DLQSS[@QPUJWNPIFA[QXJ	]UCAQPL^C\SNLV3IBDDF	RV^@ISQO[=QER\^RJCAG/PAYH\C_NLPX]^=CCQQJQ3	QAC]C\CNLPOVSNECZCXJNMA[RVI@Q	V7BQQ CDYHX	[YZSUNERO^QHCC[_V^NM[QPQI\CN]@T]@@QAXCDXFVO&NI]ANL\JW^UJCAG%NVFKSSSK@Q	V7@QQ CD[VOB[\GK<ZZ[VNP2
AIBDXVVOUCR[THTC\]@ZNXKCAYCXJ(HNI]AR_EQIR_V_NM[QUSA\CN]@T^@@QA]KDXFVO RAY[^E\IR^KJ,
EVRUJARUCQTSI^_NE8	NXKAC[AXJ(JNI]AR]HKJ_[RJA,R	QNF	&^QV@R^KJXIBSAFXTVO AYRI\E[ANLP%
TBVRUJ]A@N[VJT]@T_@@QA^EDXFVO QAY[^F[GR^KJBIQF]SL]@N@U
&@TWDOXIA\CFDF3AYRK\C\CNLP%
T@VRUJ]C@UKTSSA3FNKLP%
TAVRUJ]B@NAYJXC\]@ZNXHCE[Q3	RAC]C\@NLY @@F_IGIOJN_EISAO[ \]J^^RJQ_IGKOJN_EISAO[=TOVPJ_QUQNZSJ]H@N<QV@P^WPANE, ^RV]GIPO[^D\AZ1ERNE, _RV]GIQOANKSWWDOIBA[TVO

< ]SX_WYANI@DF	D[YAQM\CN]@T^@@QA_CVDF	F[YAQM\CN]@Z2QQCXJOJ^[GI[OA.
]Y_\RJK_IT2JAYRI\@]@\WXU3UXIIT2KAYRI\A@SEERU\RJ_Q^F@^AY\[[3PVJW]RJB_I]XWG@NJNINEZ^EDOYIV\\J]R@NHNINEZ^EDO,PJ^H]\N[YQTI\K@SZ7@@BA[CLDF	&_QV@R^DO^UJCK4QNF	&^QV@R^KJXIF]CXJNMKUSSUN
A8KQIZCEDF	 UCUOAQLE\]\RX_QPVXWRX\GIAOASLE\]\RX_Q^7NVEIOA
NI^FR^KJ	
,IEZTJ]H@N 3]]Y]\Q_QYCDP;KOJN 3\]Y]\PVQAQNXHX	[YSO[	
j	SXIB[BXJ NMHOA 	B@TWJANQNJTXARRACNCN]@Z2QQCXJOJ^[GI[OA.
]Y_\RJK_IT2JAYRI\@]@\WXU3QXIIT2KAYRI\A@SEERT\RVQFJ^K]A\@U,ER\\RK_QTF@^\NP[VQ]GR^KJAIQE^TJO\NR[VQ]GR^KJ,
EVRVJARUCQTSIT_NE8	NXKAC[KXJ(JNI]AR]HKJ_[RJK,YIJ(KNI]AR\E@@@C[QRVYGIOA
=L\NXKCCZQRV^[[	@NK@VWJANQNJ\J]R@NHNINIR^KJ,
EVRVJARUCQTSIT_NE8	NXKAC[KXJ(JNI]AR]HKJ_[RKE,\QNF	&^QV@R^KJXIJ^	JDXHX	[YU[HYC@SS3ZIEXTKAR 	AYNZ_N@[OV@KKDYCVDF	E[YARA[A\A@B	KQII KCZTJO\N<NKP^E	NXHDCZ_V/UCRQSI]E@SS3XIEXTI\N^@IS[<@NISS3YIEXTHAR	[YRPL\C@SBOVVHKCG/RAYH\C]]@PNXC_QPWXWRZXGIAOAPLE^Y\RX_QPUXWRZXGIAOA.AJW^RVQIF_TJU\N<
NI]CR^_DO	nIOJ]\GJOAK[C\I=V]O	nHOJ]\GKOAQV@RXWDOI@CYTVO

< ]SX_WYANILDF	D[YAVO\CN]@T^@@QF]CVDF	F[YAVO\CN]@Z2QQCXJOJ^[GI[OA.
]Y_\RJK_IT2JAYRI\@]@\WY[3SKKQQJQ3	QAC]C\CNLPOVQJ@C[CXJNMHPVW@\_NP2
BIBDXUVO	AYRHT_N@[OV@IAB]CVDF	E[YAPK]E\A@B	KQIIAE^TJO\N<NKP^E	NXHDCZ_V/UCRQSI]E@SS3XIEXTI\N^@IRU<H]JNKLP%
TAVRUJ]B@NAYJ]C_ER^EQIZDG_TVO

< ]SX_WYANIEY]VO PAY[_AXIR^KJAIQGZPB]@N@U]QVSQ\_X]NNX_,	OJ^\[[
AC^D\@TB=QQ ADXULAR	
 <	B@TWX^NXAD[ B+YQOOJN 3\]Y]\PVQAQN^\J_@\\[[QVCS]VXANE, \RV]GIROA		@TR]ANQNJPN]@\\UUA^SXLSX]\RX_QPUXWRXXGISSAUN1GNXHC_IXVRVM]A]@U&NKS\WY\@@R+
CNVFISPUNA[ASXjVY]NXQW; 	^UCRSSK@Q		LU\UUWJC_IAXWA^\NLSOA
	1A]@@BC[ _VNVFHSOAQLEZTZRJCQG_RVNE@USSIN_N@YOV@HJE[CVDF3AC^C@S
]ZZ\SL_QC7OJ]^GIRUO[	
j	QXIB[@	DFHZ@]Z(HRRACQ	V7AQQ CDZHXNMKVVQO\C@SBOVSHADY_V3 R[VB\ASB	XIBZ _V_NM[QZZK\CN]@T^@@QARADXFVO RAY[^JUCR^KJ,
EVRVJARUCQTSHZ_NE8	NXKAC[ EXJ(JNI]AR]HKJ_[RKE,Z AVRX
	<		ANKS^UDO	
QIYBBQTJAR AYH^GY@RB	,AEJ^K]@]@UNI]@PB	IQIICF\TJO\NQ[VQ_APZWJAN QNJWJ_D\\UUA ,]Z]@@QQDDYRVO&
AC]A\ASXE
,H[F@\@\_
UAQTI]E3@S]]O	nHOJ]\GKOAQVCTVRX]@@
CQNYVL^A\@U,ER\\RK_QTF@\A_@U_QVSQ^ QX]NNXDFJ^X^@YZGIAOASLE[]YTJCQG
%	UCQSO[NKPYV^AN4XVRUH]@]Z[[3PTJW]RJ@GACXUL2A]XUCA
=L_NXKCCYQXWB[XNMSSO[LVZU]PJ_QW%		F[YRSI]_NPJW]SN_QPWXWR_\OASSAUNERO_RBKC[_V]NM[PS[A\CN]@Z2QQCXJOJ^[GHUOA.
]Y_\RKE_IT2JAYRI\@]@\WY[3SKFQQJQ3	QAC]C\CNLPOVPBBD]CXJNMHQZZM\_NP2
BIBDXUVO	AYRHY_N@[OV@IBA[CVDF	E[YAPH^C\A@B	KQIIBFXTJO\N<NKP^E	NXHDCZ_V/UCRQSI]E@SS3XIEXTI\N^@IRU<H]ENKLP%
TAVRUJ]B@NAYKTK[@R^EQIZBCPTVO

< ]SX_WYANIEYRVO PAY[_BYCR^KJAIQGYQH]@N@U]QVSQ_ UX]NNX_,	OJ^\[[
AC^D\@TB=QQ ADXULAR	
 <	B@TWX^NXAD[ E+YUMOJN 3\]Y]\PVQAQNZ]OZI\\[[QV@Q]TXANE, \RV]GIROA		@TV_ANQNJWKUD\\UUA^SXLVPY\RX_QPUXWR_]OMSSAUN1GNXHC_IXVRVM]AZ@U&NKS\WY[@@R+
CNVFISPUNA[AS\jVZXNXQW; 	^UCRSSK@Q		LT]Z_QJC_IAXWAXTO@SOA
	1A]@@BC[ _VNVFKVOAQLE[YXRJCQG_RVNDMWSSIN_N@YOV@IGG[CVDF3AC^C@S
]ZZ\SH_QC7OJ]^GIRQO[	
j	QXIB[@	DFHZ@]^(HQWACQ	V7AQQ CDZHXNMJWZRJ\C@SBOVSNEJ__V3 R[VB\ASB	XIBY_V_NM[PWSA\CN]@T^@@Q@_KDXFVO RAY[_G\IR^KJ,
EVRVJARUCQTSH^_NE8	NXKAC[ AXJ(JNI]AR]HKJ_[RJG,\QNF	&^QV@R^KJXIB[@LXTVO AYTK^@\]@S=
 QNYTJ\\N AC[J@SY^NXXBJ]	CDJHX KAYAHUETARLE BQQBM^\J]R@N
<	SX_KJ@@AD[GXJ  3[YRQI\CX]@S=
QNYTJ^@NENSSW&[KNKLP%
TAVRUJ]B@NAYH\A]DR^EQI\KBXHX
	<		BNKS^VDO IDLDF	D[YAR@_E\A@B	HQII JG^TJO\NR[VQ]HQXWJAN4C F@\@@NAYQN\CX]@
G2XIBYCD\HX
	<		@NKS^TANPMCBYnBFYF@R	
 <	C@TWX_@@I@F]PH]@@N[VBX@SXKJ
4E
UXWA\\FUA	NKS\KJ@IQG[UH]@N@U^QVSQ]UX]NNXDEJ^X^C]^GIAOA.AJW^RVQIF_TK_\N<
NI]CR^UDO	nIOJ]\GJOAK[C]C=_WJW@R+
BNVFISQO[	SX]PP\\RVQFJ^K^I^ZGUA	.EYOVSJCBGOJ]^GUA_SXLUP]\RX_QPVXWR_^OISSAUNERO_PBCC[_V/AYQI@Q@TPX\^NXA,F@\B\\FKOA
=L^NXKCCXL_VZSJ\B3]EJAY[	
j	PXIB[AXJRV_CHS[SI@QGER\XWJCCG/RAYH\C]]@PNXKA@G^RVNDJTUSIN_N@ZOV@I@D]CVDF	F[YAPJ[E\A@B=IFXHXNVENSRQUN1\JW]PJCBYQ3	PAC]C\BBU_]]T%DDIV3 Q[VB\APBNXCKJRCXJNMOZVSI@Q	V7BQQ CDYHX	[YTTUNERO][JGC[_V^NM[RZSM\CN]@T]@@QBRGDXFVO&NI^ANL\JW^UJBEG%NVFKSSRO@Q	V7@QQ CD[VOB[\GM<TP[VNP2
AIBDXVVOUC[TSI\C@SBOVTNBK[Q3	RAC]C\@NLY @@D@G^RVNFNTUSIN_N@ZOV@KDD]CVDF	F[YARN[E\A@B=IEXHXNVENSSWUN1\JW]PJCC_Q3	PAC]C\BBU_]\V%DAIV3 Q[VB\APBNXBGB\CXJNMOQ[[I@Q	V7BQQ CDYHX	[YTQUNERO]UNGC[_V^NM[RTWM\CN]@T]@@QB\GDXFVO&NI]ANL\JW^UJCGG%NVFKSSSM@Q	V7@QQ CD[VOB[\GM<TR[VNP2
AIBDXVVOUC[RWI\C@SBOVTKFJ[Q3	RAC]C\@NLY @@DBG^RVNFNRQSIN_N@ZOV@KDBYCVDF	F[YARN]A\A@B=IEXHXNVENSSWUN1\JW]PJCC_Q3	PAC]C\BBU_]\V%DCIV3 Q[VB\APBNXMKD[CXJNMOSPRI@Q	V7BQQ CDYHX	[YTSUNERO]TBCC[_V^NM[RU[I\CN]@T]@@QB]	CDXFVO&NI]ANL\JW^UJCGG%NVFKSSSM@Q	V7@QQ CD[VOB[\GM<TT[VNP2
AIBDXVVOUCZ[Z@\C@SBOVTCFC[Q3	RAC]C\@NLY @@DDG^RVNF@SWSIN_N@ZOV@KJC_CVDF	F[YAR@\G\A@B=IEXHXNVENSSWUN1\JW]PJCC_Q3	PAC]C\BBU_]\V%DEIV3 Q[VB\APBNXCFKRCXJNMO[RVI@Q	V7BQQ CDYHX	[YTUUNERO]ZMAC[_V^NM[R[TK\CN]@T]@@QBSADXFVO&NI]ANL\JW^UJCGG%NVFKSSSM@Q	V7@QQ CD[VOB[\GM<TV[VNP2
AIBDXVVOUCZQ[O\C@SBOVTLKB[Q3	RAC]C\@NLY @@DFG^RVNFAWSSIN_N@ZOV@KKG[CVDF	F[YARAXC\A@B=IEXHXNVENSSWUN1\JW]PJCC_Q3	PAC]C\BBU_]\V%DGIV3 Q[VB\APBNXBJJ[CXJNMOVWZI@Q	V7BQQ CDYHX	[YTWUNERO]ZJKC[_V^NM[R[SA\CN]@T]@@QBSKDXFVO&NI]ANL\JW^UJCGG%NVFKSSSM@Q	V7@QQ CD[VOB[\GH<P[[VNP2
AIBDXVVOUCQSPO\C@SBOVPOED[Q3	RAC]C\@NLY @@@KG^RVNALUSS[@QPUJWNTOEC[_V]NM[UVUI\Q@S\	7QIZ_V XWB[\GHOA3LVZ]\RK_QW%		D[YRSI_@SPYWY2_[XIIT2KAYRI\A@SEER_]VBCCGOJ^ZBNSOA
	1A]@@BC[ _VNVD@OA 	B@TQPU\RX_QPVXWRZTOISAO[ _]J[TZJCQG
%	UCRSO[NKPYWYAN4XVRUH]@\][[3PTJW]RJ@GACXTM2AX[UCA
=L_NXKCCYQXWE[TEKSSO[LVQX^VJ_QW%		F[YRSI]_NPJW]VM_QPWXWRX]CMSSAUNEROXSNGC[_V]NM[WRWM\CN]@Z2QQCXJOJ^[GITOA.
]Y_\RJD_IT2JAYRI\@]@\WXZ3SNEQQJQ3	QAC]C\CNLPOVWLE@_CXJNMHZQZ@\_NP2
BIBDXUVO	AYRMZ_N@[OV@NBBYCVDF	E[YAWH]A\A@B	KQIIBEZTJO\N<NKP^E	NXHDC[_V/UCRQSI\D@SS3XIEXTI\N^@ISQ<H\KNKLP%
TAVRUJ]B@NAYK_E[@R^EQIZ D@\TVO

< ]SX_WYANIEX\VO PAY[^KUGR^KJAIQFP]L]@N@U]QVSPVQX]NNX_,	OJ]\[[
AC^D\APB=QQ ADXTHAR	
 <	B@TWX^NXAD[A+YTCOJN 3\]Y]\PVQAQNZPHZG\\[[QV@SW^XANE, \RV]GIROA		@TWQANQNJVC_H\\UUA^SXL^ZU\RX_QPUXWR^UEASSAUN1GNXKC_IXVRVM]@^@U&NKS\WX_@@R+
CNVFISPUNA[ARYjV\^NXQW; 	^UCRSSK@Q		LR[\TPJC_IAXWATZDJSOA
	1A]@@BC[ _VNVFMPOAQLE\]]TJCQG_RVNCIRUSIN_N@YOV@NCB]CVDF3AC^C@S
]ZZ\RM_QC7OJ]^GISTO[	
j	QXIB[@	DFHZ@\[(HWQACQ	V7AQQ CDZHXNMLQSUA\C@SBOVSBGB__V3 R[VB\ASB	XIB__V_NM[PZ[M\CN]@T^@@Q@R	GDXFVO RAY[_JTER^KJ,
EVRVJARUCQTSI[_NE8	NXKAC[DXJ(JNI]AR]HKJ_[RJB,XQNF	&^QV@R^KJXIBYKDXHX	[YR[AXC@SS3ZIEXTKAR 	AYJ\_N@[OV@NCC[QXJ	^UCAWSI\CN]@T]@@QG[CDJHX([VB\]@QER_[RJB_IU;	RV]EISSRUN
A8IQIZCGHX_G\\E&RSV[VNP2
AIBDXVVOUCQRZHUC\]@ZNXKBAY	CXJ(HNI]AR_EQIZFXJ	_UCAQ[I\C\SNLC	PXIQY	CDXTXARRACNATAR^EDO,PJ^K]\N[YQTI\A@SZ7@@BA[CFDF	&_QV@R^DO^UJCA4 CBJ^O

< ^SX_WZANQQA@QVJ]\NAC]B_H[^E
,HYF@\@\][[ QV@RXE @QQAL[VJ]R@NKNINCZ]WXO@@TBVRFHUC^\G[OA 3PER\\NXIACXTHAR	<
[VB^AR^KJ
4E
WXWA\\DOAQN\C].Q]]O	nHOJ]\GKOAQV@W]WXANIFYWH]\N	 &
SLVX]]NXTVRWIARPACNGUGR^KJAIQ@QRJ]R@NHNINE[XWJAN4C F@\@@NAYQN\C]]@
G2XIBYCDYHX
	<		@NKS^TANPMCCYnBDXF@R	
 <	C@TWX_@@IBMZVN]@@N[VB\B[\KJ
4E
UXWA\\FUA	NKS^KJ@IQF^PJ]@N@U^QVSPXWX]NNXDEJ^X_FX\GIAOA.AJW]RVQIF_TJ_\N<
NI]CR^UDO	nIOJ]\GJOAK[C\F=__JW@R+
BNVFISQO[	SX[WZU\RVQFJ^KTGY\GUA	.EYOVSJCBGOJ]XOUA_SXLV_[\RX_QPVXWRX]@OSSAUNEROXSMEC[_V/AYQI@Q@TPX][NXA,F@\B\\GNOA
=L^NXKCCXL_VZSJ]E3ZUCA
=L_NXKCCYQXWEZ\GUA	NKPXWDO	nKOJ]\GHOA SXXE @QQGDXTXARQACNG\ARLE BQQGDXTXAR<	QV@WBOVPMCC^Q
2NMHQSSIY_NP2
@IBDXWAR^[GIQ<RI_QV
@S=
QNYTJ_\N		AYQITCTARB	XIB[	JDXHX
	<		BNKS^VDO IBD[HX JAYAK[@ZARLE AQQAC[RJ]R@NHNINCU]WXO@@nXWA\@UAYK[C\CNLQ3QIZCDXVVO

< _SX_W[@@HDCZ,EPWXWN	 &
PLVX]^NXIEYPMUG\\[[QVCZ[PXANE, \RV]GIROA		@T_[ANQNJQHTF\\UUA^SXL UQ[\RX_QPUXWRY^NOSSAUN1GNXHC_IXVRVM]A_@U&NKS\WY^@@R+
CNVFISPUNA[AS]jVP]NXQW; 	^UCRSSK@Q		LVXUTTOCCGOJ^[@HUSO[	
j	SXIB[BXJ NMH[SO[ ]]JX^RJCCIQ	BNVULQSSI\Q@SY\NXXFA[CDJHX([VA\]@QER_[RK@_IU;	RV]EISRPUN
A8IQIZCGHX_G\]A&QSS[VNP2
AIBDXVVOUCRVPIY@\ANLE@@@@_@DDF	&]QV@R^KJ	QQCDDF	D[YAVAXC\A@B	HQIIK@XTJO\NR[VQYIV^WJAN4C F@_@@NAYQN\BZ]@
G2XIBYCE^HX
	<		@NKS^TANPMCBXnADJ^O

< ^SX_WZANQQJEXTVO AYRH_B\]@S=
 QNYTJ\\N AC^C@SY^NXXAG[CVDF	E[YAQM\C\SNLC	SXIQYCDXFVO&NI^ANL\JW^UJB@G%NVFKSSRJ@Q	V7@QQ CD[VOB[\FJ<QR[VNP2
AIBDXVVOUCUWUI\_NPJW]PJBCG/RAYH\C]]@PNXHB_IGIOJN^BOSSAUNERO^WLCCIQ	ANVUKVUSIN_N[8XIA[QF@_G\]DUA,@TUX]]QVQW; 	_UCRSSJ_NCU^T7_^@@QW%		E[YRSI^_N]_]XRJ_Q^F@\B[^GUA	.EYOVSJCBGOJ^^[[	@NK@\UX]NNXDFJ^X_G^\G[OA 	@@TU__\RX_Q^7NVEIOA
NI^FR_KJ	
,IEZTJ\C@N 3]]Y]\Q_QYCE[;H^RVU,ER\\RH_QIVRSLX@\@U	NI]BV[KJ
4E
UXWA\\FUA	NKP]E @QQALPTJO\NQ[VQ^IZ^EDOZIVZ\B]@N@U
&@TWDOXIA\BGDF3AYRK\C]BNLP%
T@VRUJ]C@UKTSRJ3AXSX	,AFJ^K]@^@UACTATARB	XIB_ JDDF	&]QV@R^KJ	QQGXJ	_UCAPSM\CN]@T^@@Q@[CDJHX HAYAJ\G\A@B=IFXHXNVENSRPUN1\JW]PJCBXQ3	PAC]C\BBU_]]Q%AFIV3 Q[VB\APBNXBJG[_VNVFMZWSUN
A8KQIZCEDF	 UCQVO[ ]]J^^RJCQG_RVNDKSSS[@QPVJWNQHCC[_V/AYQI@Q@TPX\_NXA,F@\B\\FJOA
=L^NXKCCXL_VZSJ\C3^A[YA
	1A^@@BC[_V
OJUZDISOA		@TR_]\NXT 7]NMHSSRUN	]Z[@@T@VRFI^F\\UUA^SXLT^]\@VQ
]YF@OC_ZGIAOA.AJW^RVQIF_TK^\N<
NI]CR^TDO	nIOJ]\GJOAK[C]B=\ERNE, _RV]GIQOANKS^RX]@@
CQNYRNZ@@N 3_]Y]\SVQGJ^HZ\NP[VQ_DP^EDOYIV[QH]@N@U]QVSQ[WXO@@nXWB\@UAYK[C]BNLQ3QIZCDYWVO

< _SX_W[@@HDCZ,FPF@R	
 <	C@TWX_@@IBEYTJ]\NAC]D^DRB	,AEJ^K]@]@UNI^INLC	QXIQXKDXFVO QAY[_ETARLE BQQ@BPTJO\N<NKP^E	NXHDCZ_V/UCRQSI]@@SS3XIEXTI\N^@IRP<KUQV
@S=
QNYTJ_\N		AYRHTK\ANLE@@BK[CXJ(HNI]AR_EQIY_V_NM[P[WI\Q@SY_NXX@K_CVDF	F[YAPAXC\SNLV3IADDF	RV^@IRPO[=QER\^RJB@G/PAYH\C_NLPX\_=KKBIV3 Q[VB\APBNXKBCS ADXHX	[YQT@TK\]@S=
 QNYTJ\\N AC]K]]@T_@@QFYADXFVO QAY[YA_CR^KJBIQAZWH]@N@U
&@TWDOXIA\BGDF3AYRK\C]BNLP%
T@VRUJ]C@UKTSRO3B^SX	,AFJ^K]@^@UAC^@XARB	XIE[CXJ(HNI]AR_EQIZ_V_NM[RRQI\Q@SY_NXXBBYCVDF	F[YARH^C\SNLV3IADDF	RV^@IRUO[=QER\^RJBEG/PAYH\C_NLPX\Z=K@QQJQ3	QAC]C\CNLPOVPMBC[QRVZA@SOA
	1A]@@BC[ _VNVFJOA 	B@TVZU\RX_QPVXWR]^OISAO[ _]J\^ZJCQG
%	UCQSO[NKPYV^AN4XVRUH]@]Z[[3PTJW]RJ@GACXUL2A\NMA	.EZOVSJCAGF@\FZ\GUA	NKVVWDO	nKOJ]\GHOA SX_KJ@IQLXTJO\NQ[VQTAR^KJBIQLXTJO\N<NKP^E	NXHDCZ_V/UCRQSI]E@SS3XIEXTI\N^@IRU<H]QV
@S=
QNYTJ_\N		AYR@UC\]@ZNXOGE[Q3	RAC]C\@NLY @@BBG^RVNNOSSAUNEROUTJCQG\RVNNOSSAUN1GNXHC_IXVRVM]AZ@U&NKS\WY[@@R+
CNVFISPUNA[ASXjV^OVXT 7^NMHSSQUN@T^]]\NXTVR\L\@@N 3_]Y]\SVQGJ^K[\NP[VQ]FT^EDOYIVYSL]@N@U]QVSSYWXO@@nXWB\@UAYK[C]GNLQ3QIZCDYRVO

< _SX_W[@@HDCZ,E_F@R	
 <	C@TWX_@@IG@YTJAR AY@^D\]@S=
 QNYTJ\\N AC]D@SY^NXXBJYCVDF	E[YAR@^C\SNLC	SXIQZADXFVO&NI^ANL\JW^UJBEG%NVFKSSRO@Q	V7@QQ CD[VOB[\FO<RW[VNP2
AIBDXVVOUCPRSI\_NPJW[QHC_IT2HAYRI\B@SCOVSN_QPWXWR]XCISAO[ \]J\XVJCQG\RVNFMWSS[@Q j		@@ACGJ^HZ@]Z[[	3SX_WX\ZNXT 7_NMHSSP@Q^FR_8YXNXQW; 	^UCRSSK@Q		LT]\\RVQFJ^MTF\@U,ER\\RK_QTF@\E@NJNIN@T^WJANQNJUL]@\N[[	BNK@_WX]NNX_,	OJ^\[[
AC^D\@TB=QQ ADXULAR	
 <	B@TWX^NXAD[ E+Y\XWN	 &
PLVX]^NXI@P]J]\NACUJXANLP%
TBVRUJ]A@N[VBT]@T_@@QA[	CDJHX KAYAK\K\A@B	KQIICLXTXAR<	QVCRBOVPMCB]Q
2NMHQSSHZ_NP2
@IBDXWAR^[GHU<R@NISS3YIEXTHAR	[YVP@\C@SBOVSJEA[Q3	RAC]C\@NLY @@BJG^RVNEKWSS[@QPUJWNPHGC[_V]NM[QQWI\Q@S\	7QIY_V XWB[\FOOA3LVZ]\SL_QW%		D[YRSI_@SPYW_2Z@@QW%		E[YRSI^_N]][\RVQFJ^H[@\@U,ER\\RK_QTF@[\NP[VQXAR^KJAIQ@XTJO\NR[VQXAR^KJ,
EVRVJARUCQTSI[_NE8	NXKAC[DXJ(JNI]AR]HKJ_[RJD,\IJ(KNI]AR\E@@KC[_VNVDHVSO[	
j	SXIB[BXJ NMNOA 	B@TSP]\@VQ
]ZF@ODT\G[OA 	@@TSP]\@VQX+RV^GUA
[VA[ARYE%IBFXTJZ\N	 &
QLVX]_VQA\CC7PXWN	 &
PLVX]^NXIEQTJAR AYHY@\]@S=
 QNYTJ\\N ACX_N@[OV@HGC[_V^NM[QWSIN_N@YOV@HGC[_V/AYQI@Q@TPX][NXA,F@\B\\GNOA
=L^NXKCCXL_VZSJ]G3YUCA
=L_NXKCCYQXWCX\GUA	NKP^WDO	nKOJ]\GHOA SX[E @QQ@FXTXARQACN@^ARLE BQQ@FXTXAR<	QVCRBOVPMCC\Q
2NMHQSSI[_NP2
@IBDXWAR^[GIT<Q[VNP2
AIBDXVVOUCPSSUN]]]\NXT 7]NMHSSRUN	]ZANQNJ\J]R@NKNINIR^KJBIQLXTXAR<	QVCRBOVPMCC\Q
2NMHQSSI[_NP2
@IBDXWAR^[GIT<P[VNP2
AIBDXVVOUCZSSUN]Y]]RVQW; 	]UCRSSH@Q YER^@@T@VRFK[@\N[[	ANK@_WXO@@TBVRFK[@\N[[ 
3LUXANQIYCD_HX	(AYH^C\AUB	,AGJ^K]@_[[QTSI[,]SX	,AFJ^K]@^@UAC\_NPJW\NXT 7]NMHSSRUN	]YANQNJTXARQACNCN]@T]@@QCIQ2[YQSUNSX\WXZ@@nJ^K_@\\@UA	.E[OVSJC@QF_TK^/]TA[YA
	1A^@@BC[_V
OJ]^G@VQSI@QGER_UQMCCG/RAYH\C]]@PNXKKEG^RVNBJZQSIN_N@ZOV@O@JYCVDF	F[YAVJUA\A@B=IFXHXNVENSRPUN1\JW]PJCBXQ3	PAC]C\BBU_]]P%BJ]IJ(KNI]AR\E@@BGXCDXTVO AYPK^G_ANLP%
TBVRUJ]A@N[VBUGNLC	QXIQ^BFXTXARQACNF[@P^EDOZIV]SK_@\N[[ 
3LUXANQIYCEZHX	(AYH^C\@PB	,AGJ^K]@_[[QTSI[,TSX	,AFJ^K]@^@UAC]CZARB	XI@\ CXJ(HNI]AR_EQISQ	CNVULUSS[@QPUJWNWLCCIQ	ANVULUSS[@Q j		@@ACGJ^HZ@\[[[	3SX_WX][NXT 7_NMHSSP@Q^FR^8QOVXT 7^NMHSSQUN@TT]]\NXTVRPHU@@N 3_]Y]\SVQGJ^CARPACNEXARLE AQQE@XTXARRACNEXARLE%TQNZTVONMKTSSN@QjOVSHCC[_V3 P[VB\AQEZZ\SH,BRQNF	&^QV@R^KJXIB_EM\TJAR AYJ^F_IRB	,AEJ^K]@]@UNI]HUB	IQIID@\TJO\NQ[VQYFVZWJAN QNJQMYD\\UUA ,]Z]@@QQDDYVVO&
AC]A\AS\E
,H[F@\@\_
UAQTI]A3@[^]O	nHOJ]\GKOAQV@PW RX]\NXTVRWJX@^\[[3PVJW]RJB_I]XWAU\[[	@NK@[ UX]\@VQ
]ZF@OEY^GISAO[ _]JXYPJCCIQ2[YQSUNSX\WY_@@nJ^K_@\]EUA	.E[OVSJC@QF_TK_/]UF[YA
	1A^@@BC[_V
OJ]_FNUZSI@QGER^\UBJCG/RAYH\C]]@PNXKJBG^RVNBLVQSIN_N@ZOV@OFFYCVDF	F[YAVLYA\A@B=IFXHXNVENSRQUN1\JW]PJCBYQ3	PAC]C\BBU_]]P%BJYIJ(KNI]AR\E@@B@_BCXTVO AYPH\D[ANLP%
TBVRUJ]A@N[VBUCNLC	QXIQ^K@XTXARQACNFYIV^EDOZIV]QBY@\N[[ 
3LUXANQIYCEZHX	(AYH^C\@PB	,AGJ^K]@_[[QTSH_,]IULJ
4E
VXWA\\EUA	NI]CQ^VX]@@
CQNZ]LXA\@U,ER\\RK_QTF@\H[@U_QVSWZSX]NNXDFJ^XXD^XGIAOASLE]Y^VJCQG
%	UCQSO[NKPYV[AN4XVRUH]@]_[[3PTJW]RJ@GACXUI2AY\UCA
=L_NXKCCYQXWF]XNNSSO[LUX_\TJ_QW%		F[YRSI]_NPJW]WJ_QPWXWRX^CISSAUNEROXPNCC[_V]NM[WQWI\CN]@Z2QQCXJOJ^[GHPOA.
]Y_\RK@_IT2JAYRI\@]@\WY_3SC@QQJQ3	QAC]C\CNLPOVSIEARCDDF
	UCPRPOZC@SS3ZIEXTKAR 	AYHU@@SY^NXXFEZCDJHX KAYALZBZARLE BQQFBYRJ]R@N
<	SX\KJ@@AD[ AXJ  3[YRQI\B^]@S=
QNYTJ^@NENSSU&]ETSX	,AFJ^K]@^@UACTDXE[^KJQQGA^UJAR	
 <	@@TWX\@@]QNYRBARPACNGT@T^EDOYIV\\K[@\N[[	BNK@ZV^]\@VQX+RV]BUA
[VA[ARXE%IBFXTJ[\N	 &
QLVX]_VQA\CB7ULTRVU,ER\\RH_QIVR\C\@\\GUA	NKPZV^]@@R+
ANVFISRO[ LV^T@@T@VRFNUDT\G[OA 	C@TSPYTRJQ_IGKOJNXOM[SS[@Q j		@@BFGJ^HZ@\Z[[	3SX_WX]ZNXT 7_NMHSSP@Q^FR^8Y[Z@@QW%		E[YRSI^_N]PY^SOCCGOJ^XGLVSO[	
j	SXIB[BXJ NMHUUO[ ]]JY[WHCCIQ	BNVUMTVQI\Q@SY\NXXGD^CDJHX([VBY]@QER_[RJE_IU;	RV]EISSUUN
A8IQIZCGHX_G\\A&RUT[VNP2
AIBDXVVOUC[V[K]C\]@ZNXHG@[CXJ(HNI]AR_EQIZDXJ	_UCAWTAXC\SNLC	PXIQ_K@XTXARRACNG[IV^EDO,PJ^KX\N[YQTI\E@SZ7@@BA[CBDF	&_QV@R^DO^UJCE4 E@J^O

< ^SX_WZANQQ	BD_VJ]\NAC^@YDV^E
,HYF@\@\][[ QV@TZE @QQGBP\J]R@NKNINETVWXO@@TBVRFN[HT\G[OA 3PER\YNXIACXTLAR	<
[VB^AR^KJ
4E
WXWA\\DOAQN\CZ.SX ERNE, _RV]GIQOANKZ\TZ]\NXTVRVIU@X\[[3PVJW]RJB_I]XWAZY[[	@NK@ZUX]\@VQ
]ZF@OD[^GISAO[ _]JY[PJCCIQ2[YRVUNSX\WX[@@nJ^K_@\\AUA	.E[OVSJC@QF_TJ[/]ZE[YA
	1A^@@BC[_V
OJ[TGHZSSUN]Z^\WCC_IT2HAYRI\B@SCOVSLA_IGIOJNXAKWSS[@QPUJWNVLAG[QXJ	]UCAWUKXC\SNLV3IBADF	RV^@ISUO[=QER\^RJCEG/PAYH\C_NLPX]Z=KE@IV3 Q[VB\APBNXMJFXCDDF
	UCQPPIZC@SS3ZIEXTKAR 	AYHZ@@SY^NXXGE^CDJHX KAYAMZFZARLE BQQGB]RJ]R@N
<	SX_ KJ@@AD[EXJ  3[YRQI\CZ]@S=
QNYTJ^@NENSSU&]E\SX	,AFJ^K]@^@UAC[F\DW^KJQQAA_TJAR	
 <	@@TWX\@@]QNYRJARPACNGYGR^EDOYIV\QL]@\N[[	BNK@Z QX]\@VQX+RV]BUA
[VA[ARXE%IBFXTJ[\N	 &
QLVX]_VQA\CB7UL\RVU,ER\\RH_QIVRSLXBZ\GUA	NKP\V\]@@R+
ANVFISRO[ LV^\@@T@VRFNXI^\G[OA 	C@TS]T^RJQ_IGKOJNXB@QSS[@Q j		@@BFGJ^HZ@\Z[[	3SX_WX]ZNXT 7_NMHSSP@Q^FR^8_UNXQW; 	^UCRSSK@Q		LVX_]WJC_IAXWG\TAIOA
=L\NXKCCZQRV[OUA_SXL^[[\RX_QPVXWR]UDOSSAUNERO][IEC[_V/AYRI@Q@TPX]_NXA,F@\B\\GJOA
=L^NXKCCXL_VZSJ]C3[N[YA
	1A^@@BC[_V
OJ]\BJ[SSUN]__^QJ_QW%		F[YRSI]_NPJW[[VQ
][F@OAUZOISAO[ \]J\UTBCCIQ	ANVUHZU[I\Q@S\	7QIZ_V XWB[\GJOA3LVZ]\RI_QW%		D[YRSI_@SPYW[2[TXIIT2KAYRI\A@SEERTYZCCCGOJZTFLSOA
	1A]@@BC[ _VNV@OOA 	B@TVPZ^RJQ_IGHOJN]ONQSS[@QPVJWNSBDA[QXJ3AYH\_NLU_]\QVQ^+ XWA^\GIPOA
	1A_@@BC[XJVM]@_3@NAY[	
j	PXIB[AXJRVUO@ZSSUN]^TYRJ_QW%		F[YRSI]_NPJW[UVQ
][F@OAU\CISAO[ \]J\URNCCIQ	ANVUHZSWI\Q@S\	7QIZ_V XWB[\GJOA3LVZ]\RI_QW%		D[YRSI_@SPYW[2[VXIIT2KAYRI\A@SEERUU[JCCGOJZYC@SOA
	1A]@@BC[ _VNV@MOA 	B@TVP]TRJQ_IGHOJN]OI[SS[@QPVJWNSBCK[QXJ3AYH\_NLU_]\QVQ^+ XWA^\GIPOA
	1A_@@BC[XJVM]@_3@LAY[	
j	PXIB[AXJRVUEAUSSUN]^[TSJ_QW%		F[YRSI]_NPJW[WVQ
][F@OATXGISAO[ \]J\TVJCCIQ	ANVUH[WSI\Q@S\	7QIZ_V XWB[\GJOA3LVZ]\RI_QW%		D[YRSI_@SPYW[2[PXIIT2KAYRI\A@SEERUXSMCCGOJZ^OASOA
	1A]@@BC[ _VNV@KOA 	B@TV_YXRJQ_IGHOJN]@MWSS[@QPVJWNSMGG[QXJ3AYH\_NLU_]\QVQ^+ XWA^\GIPOA
	1A_@@BC[XJVM]@_3@JAY[	
j	PXIB[AXJRVT@ISSSUN]^Y]ZJ_QW%		F[YRSI]_NPJW[QVQ
][F@OA[[AISAO[ \]J\[ULCCIQ	ANVUHTTUI\Q@S\	7QIZ_V XWB[\GJOA3LVZ]\RI_QW%		D[YRSI_@SPYW[2[RXIIT2KAYRI\A@SEERZTUJCCGOJZ\DHSOA
	1A]@@BC[ _VNV@IOA 	B@TV^U\RJQ_IGHOJN]AASSS[@QPVJWNSLKC[QXJ3AYH\_NLU_]\QVQ^+ XWA^\GIPOA
	1A_@@BC[XJVM]@_3@HAY[	
j	PXIB[AXJRVTFMSSSUN]^\Y[J_QW%		F[YRSI]_NPJW[SVQ
][F@OA[]EISAO[ \]J\[SHCCIQ	ANVUHTRQI\Q@S\	7QIZ_V XWB[\GJOA3LVZ]\RI_QW%		D[YRSI_@SPYVZ2[VXIIT2KAYRI\A@SEERUU[JCCGOJZYC@SOA
	1A]@@BC[ _VNV@MOA 	B@TVP]TRJQ_IGHOJN]OI[SS[@QPVJWNSBCK[QXJ3AYK\_NLU_]]PVQ^+ XWA^\GHQOA
	1A_@@BC[XJVM]A^3@LAY[	
j	PXIB[AXJRVUEAUSSUN]^[TSJ_QW%		F[YRSI]_NPJW[WVQ
][F@OATXGISAO[ \]J\TVJCCIQ	ANVUH[WSI\Q@S\	7QIY_V XWB[\FKOA3LVZ]\SH_QW%		D[YRSI_@SPYVZ2[TXIIT2KAYRI\A@SEERTYZCCCGOJZTFLSOA
	1A]@@BC[ _VNV@OOA 	B@TVPZ^RJQ_IGHOJN]ONQSS[@QPVJWNSBDA[QXJ3AYK\_NLU_]]PVQ^+ XWA^\GHQOA
	1A_@@BC[XJVM]A^3@NAY[	
j	PXIB[AXJRVUO@ZSSUN]^TYRJ_QW%		F[YRSI]_NPJW[UVQ
][F@OAU\CISAO[ \]J\URNCCIQ	ANVUHZSWI\Q@S\	7QIY_V XWB[\FKOA3LVZ]\SH_QW%		D[YRSI_@SPYVZ2[RXIIT2KAYRI\A@SEERZTUJCCGOJZ\DHSOA
	1A]@@BC[ _VNV@IOA 	B@TV^U\RJQ_IGHOJN]AASSS[@QPVJWNSLKC[QXJ3AYK\_NLU_]]PVQ^+ XWA^\GHQOA
	1A_@@BC[XJVM]A^3@HAY[	
j	PXIB[AXJRVTFMSSSUN]^\Y[J_QW%		F[YRSI]_NPJW[SVQ
][F@OA[]EISAO[ \]J\[SHCCIQ	ANVUHTRQI\Q@S\	7QIY_V XWB[\FKOA3LVZ]\SH_QW%		D[YRSI_@SPYVZ2[PXIIT2KAYRI\A@SEERUXSMCCGOJZ^OASOA
	1A]@@BC[ _VNV@KOA 	B@TV_YXRJQ_IGHOJN]@MWSS[@QPVJWNSMGG[QXJ3AYK\_NLU_]]PVQ^+ XWA^\GHQOA
	1A_@@BC[XJVM]A^3@JAY[	
j	PXIB[AXJRVT@ISSSUN]^Y]ZJ_QW%		F[YRSI]_NPJW[QVQ
][F@OA[[AISAO[ \]J\[ULCCIQ	ANVUHTTUI\Q@S\	7QIY_V XWB[\FKOA3LVZ]\SH_QW%		D[YRSI_@SPYVZ2[ZXIIT2KAYRI\A@SEER\\PKFC[QRV[GAUSO[	
j	SXIB[BXJ NMN[OAQLEYT_TJCQG_RVNF@PUSIN_N@YOV@KJ@]CVDF3AC^C@S
]ZZ\SH_QC7OJ]^GIRQO[	
j	QXIB[@	DFHZ@]^(NZAYN
A8HQIZCFDF NVFIVP[I\_NPJW[PH@CG/RAYH\C]]@PNXMJ_IGIOJN]NO[SS[@QPUJWNSCEK[QXJ	]UCARZOTC\SNLV3IADDF	RV^@IRQO[=QER\^RJBAG/PAYH\C_NLPX\]=KJQQJQ3	QAC]C\CNLPOVWIJC[QRV]GOQSO[	
j	SXIB[BXJ NMHZOAQLEZ_XRJQ_IGHOJN^EMSSAUNERO^PNCCIQ2[YQSUNSX\WY\@@nJ^K_@\]FUA	.E[OVSJC@QF_TK\/]TUCA
=L_NXKCCYQXWDTUGIOASXWSXANE, \RV]GIROA		@T_DOXIVZTB]@N@U^QVSP^WXO@@TBVRFH]H\\UUA ,]Z]@@QQDDYUVO&
AC]A\AS_E
,H[F@\@\_
UAQTI^E3ESLJ
4E
VXWA\\EUA	NI^BZ\WDOIAL\VJAR	
 <	@@TWX\@@]QN\UVO PAY[[F^ARLE AQQDAZTJO\NR[VQ[DP^EDO,PJ^H]\N[YQTI^E@SZ7@@BA[ABDF	&_QV@R^DO^UJBB4 EVRX
	<		ANKS^UDO	
QIXFDXHX	[Y[UH\_NP2
BIBDXUVO	AYRO@QPTJWNSMEC[_V^NM[RTUI\Q@SY\NXXBD]CVDF3AC^C@S
]ZZ\SK_QC7OJ]^GIRRO[	
j	QXIB[@	DFHZ@]](HVAYN
A8HQIZCFDF NVDLRSSUN]_TZRVQW; 	]UCRSSH@Q YER\YNXDGJ^X\F\\G[OA 	C@TV^]\RX_QPUXWR]ZGISAO[=TOVPJ_QUQNZSJ\A@N<QV@P^VYANE, ^RV]GIPO[^D\@S1SJW@R+
BNVFISQO[	SX]WX]@@
CQN_WH]\N	 &
SLVX]]NXTVRUNARPACNBXER^KJAIQE\PJ]R@NHNIN@VZWJAN4C F@_@@NAYQN\B]]@
G2XIBYCEYHX
	<		@NKS^TANPMCBZnBGJ^O

< ^SX_WZANQQDEXTVO AYUOUC@SS3ZIEXTKAR 	AYH__N@[OV@KAK[QXJ	^UCARQA\CN]@T]@@QBY	CDJHX([VA\]@QER_[RKB_IU;	RV]EISRRUN
A8IQIZCGHX_G\]F&RQACQ	V7AQQ CDZHXNMKPWSI@QGER[\UJ_QW%		F[YRSI]_NPJW]PVQ
][F@OA]^GIAOAPLEY\^RJQ_IGKOJN]FKSSAUN1GNXHC_IXVRVM]A]@U&NKS\WY\@@R+
CNVFISPUNA[AS_jVYOVXT 7^NMHSSQUN@T^Q]\NXTVRQN[@@N 3_]Y]\SVQGJ^K\\NP[VQUGR^KJAIQM^TJO\NR[VQUGR^KJ,
EVRVJARUCQTSH]_NE8	NXKAC[ BXJ(JNI]AR]HKJ_[RKB,ZQNF	&^QV@R^KJXIB]CDDF
	UCW[UI@Q	V7BQQ CDYHX	[YRSUNEROTRJCQG_RVNOISSAUNEROTRJCQG
%	UCQSO[NKPYVYAN4XVRUH]@]][[3PTJW]RJ@GACXTM2A_^UCA
=L_NXKCCYQXWD]TO@SSO[LV^_UVJ_QW%		F[YRSI]_NPJW]QH_QPWXWR_ZAMSSAUNERO_TLGC[_V]NM[PUUM\CN]@Z2QQCXJOJ^[GITOA.
]Y_\RJD_IT2JAYRI\@]@\WZX3SMDQQJQ3	QAC]C\CNLPOVSJ@B\CDDF
	UCQUZITC@SS3ZIEXTKAR 	AYH[D@SY^NXXFB[CDJHX KAYAL]CXARLE BQQFEXPJ]R@N
<	SX\KJ@@AD[FXJ  3[YRQI\AY]@S=
QNYTJ^@NENSRV&]K\SX	,AFJ^K]@^@UAC]CTIT[WDOIAC_UL]\N	 &
SLVX]]NXTVRUB]\NP[VQYCR^WJANQNJQH]@\\UUA]SXL UX]\RX_Q^7NVEIOA
NI^FR_ KJ	
,IEZTJ\E@N 3]]Y]\Q_QYCE];KUANV[3PUJW]RJA_ITJ^K\@T]EISOA		@TPQUTRVQW; 	]UCRSSH@Q YER\TSVQ
][F@OE^_EISAO[ \]JX^QHCCIQ	ANVULQPQI\Q@S\	7QIY_V XWB[\FLOA3LVZ]\SO_QW%		D[YRSI_@SPYV]2]ZHQI/QAYH\C^]@MJW]SHDK]CXJNMK[QUK\_NP2
BIBDXUVO	AYRA^_N@[OV@OAE_CVDF	E[YAVKZG\A@B	KQIIAB\TJO\N<NKP^E	NXHDCZ_V/UCRQSI]F@SS3XIEXTI\N^@IRV<HT@NKLP%
TAVRUJ]B@NAYH]G[IU^KJQQKA[SJAR	
 <	@@TWX\@@]QNY\IARPACNF^HT^EDOYIV]VC[@\N[[	BNK@[^^]\@VQX+RV^GUA
[VA[AS[E%IBFXTKX\N	 &
QLVX]_VQA\BA7UBYRVU,ER\\RH_QIVRUK[H]YGIOASX\_Y^\NXT 7]NMHSSRUN	]YUXNXDGJ^XXC^TGIAOAPLE]^^ZJCQG\RVNBJQ[SIN_N[8XIA[QF@_G\]BUA,@TUX]]WVQW; 	_UCRSSJ_NCU^R7\TWXIIT2KAYRI\A@SEER\]ZBDC[_VNVE@SZRI@Q	V7BQQ CDYHX	[YR[L@QPTJWNWIEC[QXJ	^UCAVPO\C\SNLC	SXIQ^EDXTXAR<	QVCRBOVPMCB^Q
2NMHQSSHY_NP2
@IBDXWAR^[GHV<RAZQV
@S=
QNYTJ_\N		AYRK\JYCR^EQIY@CXTVO

< ]SX_WYANIEPRVO PAY[Y@UCR^KJAIQA[]H]@N@U]QVSW]UX]NNX_,	OJ^\[[
AC^D\@WB=QQ ADXUOAR	
 <	B@TWX^NXAD[ F+Y\MOJN 3\]Y]\PVQAQNYVI]F]\GUA	NKPWRY]@@R+
ANVFISRO[ LVPZ@@T@VRFOYBX\G[OA 	C@TR\_XRJQ_IGKOJNYCKWSS[@Q j		@@ACGJ^HZ@]Y[[	3SX_WX\YNXT 7_NMHSSP@Q^FR_ 8YUT@@QW%		E[YRSI^_N]Y_YSCDC[QRV^N@PPSUN
A8KQIZCEDF	 UCR[[UNEROYVOEC[_V^NM[VWVO\CN]@T]@@QF_EDXFVO&NI^ANL\JW^UJBFG%NVFKSSRL@Q	V7@QQ CD[VOB[\FL<R[@NISS3YIEXTHAR	[YRQN_E\ARB	XI@[BCXHX
	<		BNKS^VDO IBLQHX JAYALXKTARLE AQQF@P\J]R@NHNINDVVWXO@@nXWB\@UAYK[C]DNLQ3QIZCDYQVO

< _SX_W[@@HDCZ ,E\SXWN	 &
PLVX]^NXIA_\H_@\@U	NI]HW\WDO	nKOJ]\GHOA SX_PDOXIV\UNY@\N[[	ANK@ZS\]\@VQ
]YF@OD]XCISAO[=TOVPJ_QUQNZSJ\A@N<QV@P^VYANE, ^RV]GIPO[^D\@S1SPOVXT 7^NMHSSQUN@T ^X_TRJ_Q^F@\I[YGIOA
=L\NXKCCZQRV]CAOA 	B@TSYZZRJQ_IGHOJNXFNUSS[@QPVJWNVKDE[QXJ3AYK\_NLU_]]SVQ^+ XWA^\GHROA
	1A_@@BC[XJVM]BY3OAAY[	
j	PXIB[AXJRV]DN[ZSI@QGERUYSNC_IT2HAYRI\B@SCOVZB_QPWXWR^^BOSSAUNERO^POEC[_V]NM[QQVO\CN]@Z2QQCXJOJ^[GKVOA.
]Y_\RHF_IT2JAYRI\@]@\WY\3SNJQQJQ3	QAC]C\CNLPOVTJAFXCXJNMHZZTN\_NP2
BIBDXUVO	AYRMU_N@[OV@NACSCVDF	E[YAWK\K\A@B	KQIIADPTJO\N<NKP^E	NXHDCZ _V/UCRQSI]B@SS3XIEXTI\N^@IQV<H[CNKLP%
TAVRUJ]B@NAY@\D[ER^EQIYCC[TVO

< ]SX_WYANIE_TVO PAY[XKTAR^KJAIQ@P\J]@N@U]QVSVVWX]NNX_,	OJ^\[[
AC^D\CWB=QQ ADXVOAR	
 <	B@TWX^NXAD[F+PUXWN	 &
PLVX]^NXIEYVJX@\@U	NI[DR\KJ
4E
UXWA\\FUA	NKZ_E @QQAD[VJ]R@NKNINCR]WXO@@TBVRFH]C^\G[OA 3PER_\NXIACXVOAR	<
[VB^AR\ KJ
4E
WXWA\\DOAQN\AY.Z^]O	nHOJ]\GKOAQV@RV_X]@@
CQN_WL_@@N 3_]Y]\SVQGJ^B]\NP[VQ^AR^WJANQNJVJ]@\\UUA]SXLWX]\RX_Q^7NVEIOA
NI^FR\ KJ	
,IEZTJ_E@N 3]]Y]\Q_QYCDY;KTDNV[3PUJW]RJA_ITJ^K^HZ\GISOA		@TV^X[RVQW; 	]UCRSSH@Q YER\UVVQ
][F@OEZXOISAO[ \]JXZVBCCIQ	ANVULUW[I\Q@S\	7QIZ_V XWB[\GHOA3LVZ]\RK_QW%		D[YRSI_@SPYWY2][OQI/QAYH\C^]@MJW]VJJ@^CXJNMJRZW@\_NP2
BIBDXUVO	AYR@Y_N@[OV@OEK[CVDF	E[YAVOTC\A@B	KQIIELXTJO\N<NKS^E	NXHDC[ _V/UCRQSI\B@SS3XIEXTI\N^@ISR<HUENKLP%
TAVRUJ]B@NAYHX@_AR^KJQQAF\WJAR	
 <	@@TWX\@@]QNY]LARPACNF[@P^EDOYIV]SK_@\N[[	BNK@[VZ]\@VQX+RV]GUA
[VA[AR_E%IBFXTJ\\N	 &
QLVX]_VQA\CE7UCZRVU,ER\\RH_QIVRUNXFUXGIOASX]R[U\NXT 7]NMHSSRUN	]YT[NXDGJ^XXGXXGIAOAPLE]ZXVJCQG\RVNBNWWSIN_N[8XIB[QF@_G\\FUA,@TUX]\SVQW; 	_UCRSSJ_NCU^V7\URXIIT2KAYRI\A@SEER\^[OFC[_VNVDIVSQI@Q	V7BQQ CDYHX	[YRZI@QPTJWNWOAC[QXJ	^UCAVVK\C\SNLC	SXIQ^ADXTXAR<	QV@RBOVPMCCZQ
2NMHQSSI]_NP2
@IBDXWAR^[GIR<R@]QV
@S=
QNYTJ_\N		AYRJ]DZHR^EQIXDLQTVO

< ]SX_WYANIEQUVO PAY[YFYCR^KJAIQA]QH]@N@U]QVSW[ UX]NNX_,	OJ]\[[
AC^D\ASB=QQ ADXTKAR	
 <	B@TWX^NXAD[B+Y]HOJN 3\]Y]\PVQAQNYWN]A[\GUA	NKQ_P_]@@R+
ANVFISRO[ LVQ_@@T@VRFOXHX\G[OA 	C@TR]UXRJQ_IGKOJNYBAWSS[@Q j		@@BCGJ^HZ@\][[	3SX_WX]]NXT 7_NMHSSP@Q^FR^8YT_@@QW%		E[YRSI^_N]Y^ZPCGC[QRV_FJUUSUN
A8KQIZCEDF	 UCRZPUNEROYTKEC[_V^NM[VURO\CN]@T]@@QF] EDXFVO&NI]ANL\JW^UJCBG%NVFKSSSH@Q	V7@QQ CD[VOB[\GH<RZANISS3YIEXTHAR	[YRWA]B[ARB	XI@Y	@AXHX
	<		BNKS^VDO IBMPHX JAYAL[DZARLE AQQFC_RJ]R@NHNINDUYWXO@@nXWA\@UAYK[C\@NLQ3QIZCDXUVO

< _SX_W[@@HDC[ ,EQ]XWN	 &
PLVX]^NXIE]TOZ@\\[[QVBQ_TXANE, \RV]GIROA		@T^QANQNJQB]H\\UUA^SXL _XU\RX_QPUXWRYTGASSAUN1GNXKC_IXVRVM]@]@U&NKS\WX\@@R+
CNVFISPUNA[AP[jUX]NXQW; 	^UCRSSK@Q		LV]^\WICCGOJ__CJPSO[	
j	SXIB[BXJ NMKSSO[ ]]JXTVJCCIQ	BNVUL[WSI\Q@SY\NXXFK_CDJHX([VA\]@QER_[RHF_IU;	RV]EISQVUN
A8IQIZCGHX_G\\B&RST[VNP2
AIBDXVVOUCQPSNZC\]@ZNXKBF\ CXJ(HNI]AR_EQIZDXJ	_UCAQ[OXC\SNLC	PXIQY	E@XTXARRACNATGV^EDO,PJ^KX\N[YQTI\F@SZ7@@BA[CADF	&_QV@R^DO^UJCF4 CBJ^O

< ^SX_WZANQQA@QVJ]\NAC]B_H[^E
,HYF@\@\][[ QV@RXE @QQAL[VJ]R@NKNINCZ]WXO@@TBVRFHUC^\G[OA 3PER\YNXIACXTOAR	<
[VB^AR^ KJ
4E
WXWA\\DOAQN\CY.S^ ERNE, _RV]GIQOANKP_VQ]\NXTVRUK_BT\[[3PVJW]RJB_I]XWA\Y[[	@NK@\WX]\@VQ
]ZF@OBT\GISAO[ _]J_TRJCCIQ2[YRVUNSX\WXX@@nJ^K_@\\BUA	.E[OVSJC@QF_TJX/]\C[YA
	1A^@@BC[_V
OJ^]DL[SSUN]Y\\WBC_IT2HAYRI\B@SCOVSJG_IGIOJN^@O[SS[@QPUJWNPMEK[QXJ	]UCAQTOTC\SNLV3IBADF	RV^@ISVO[=QER\^RJCFG/PAYH\C_NLPX]Y=KC@IV3 Q[VB\APBNXHCK[	CDDF
	UCRS[@\C@SS3ZIEXTKAR 	AYH\@@SY^NXXADXCDJHX KAYAK[@ZARLE BQQAC[RJ]R@N
<	SX_ KJ@@AD[FXJ  3[YRQI\CY]@S=
QNYTJ^@NENSSV&]C^SX	,AFJ^K]@^@UAC^C^G[^KJQQ CCZWJAR	
 <	@@TWX\@@]QNYTHARPACNA[AV^EDOYIVZSJY@\N[[	BNK@\W\]\@VQX+RV]BUA
[VA[AR[E%IBFXTJX\N	 &
QLVX]_VQA\CA7UJ\RVU,ER\\RH_QIVRUCZD]\GUA	NKS^ R_]@@R+
ANVFISRO[ LVX\@@T@VRFH[G^\G[OA 	C@TU^Z^RJQ_IGKOJN^ANQSS[@Q j		@@BFGJ^HZ@\Y[[	3SX_WX]YNXT 7_NMHSSP@Q^FR^ 8Y]\@@QW%		E[YRSI^_N]YT^PNCCGOJ]\D@QSO[	
j	SXIB[BXJ NMHSSO[ ]]J_ZVJCCIQ	BNVUKUWSI\Q@SY\NXXAE_CDJHX([VBY]@QER_[RJF_IU;	RV]EISSVUN
A8IQIZCGHX_G\\B&RSZ[VNP2
AIBDXVVOUCQWQN[C\]@ZNXKBJZCXJ(HNI]AR_EQIZJXJ	_UCAQZKTC\SNLC	PXIQYALXTXARRACNAUCZ^EDO,PJ^KX\N[YQTI\F@SZ7@@BA[CADF	&_QV@R^DO^UJCF4 CLJ^O

< ^SX_WZANQQ@B_UJ]\NAC]B[EV^E
,HYF@\@\][[ QV@RVE @QQALQRJ]R@NKNINCZWWXO@@TBVRFHUIZ\G[OA 3PER\YNXIACXTOAR	<
[VB^AR^ KJ
4E
WXWA\\DOAQN\AZ.PV]O	nHOJ]\GKOAQV@S_WXANIE_VO]\N	 &
SLVX]]NXTVRVBARPACN@ZIR^KJAIQG^\J]R@NHNINBTVWJAN4C F@_@@NAYQN\AZ]@
G2XIBYCF^HX
	<		@NKS^TANPMCA]nAMJ^O

< ^SX_WZANQQ BLPTJAR AYHTCXANLP%
TBVRUJ]A@N[VAU]@T_@@Q@SCDJHX KAYAJTG\A@B	KQIIK@XTXAR<	QVCRBOVPMCA]Q
2NMHQSSKZ_NP2
@IBDXWAR^[GKU<QMNISS3YIEXTHAR	[Y[QA\C@SBOVSNBJ[Q3	RAC]C\@NLY @@AGG^RVNDIWSS[@QPUJWNQJGC[_V]NM[PSWI\Q@S\	7QIY_V XWB[\EOOA3LVZ]\PL_QW%		D[YRSI_@SPYU^2^WXIIT2KAYRI\A@SEERUUVJC_IAXWAXUCIOA
=L\NXKCCZQRV^BUA_SXLUX]\@VQ
]ZF@OC^\GIAOASLE[_\RJQ_IR;	NMKSOAQVCU^QDO,UQNYVJ]BZ@U,ER\\RI_IDDZR%_FNV[3PUJW]RJA_ITJ^C[C\\[[QV@WYWDO	nKOJ]\GHOA SX\KJ@IQG[RJ]R@NKNINBQXWJAN QNJWI[@\N[[ 
3LUXANQIYCF^HX	(AYH^C\CTB	,AGJ^K]@_[[QTSKZ,^F@TNE
,HZF@\@\^[[[VB\BW^KJQQ E@_TVO

< ]SX_WYANIF_HX JAYAJYA\A@B	HQIIFFXTXARRACN@YCR^KJ,
EVRVJARUCQTSKZ_NE8	NXKAC[EXJ(JNI]AR]HKJ_[RHE,YQNF	&^QV@R^KJXIFR CDDF
	UCRRPH\_NP2
BIBDXUVO	AYQI@QPTJWNPNCC[_V^NM[QWSI\Q@SY\NXXAG[CVDF3AC^C@S
]ZZ\PL_QC7OJ]^GIQUO[	
j	QXIB[@	DFHZ@^Z(KRAYN
A8HQIZCFDF NVAMUSSUN]Y_\SJ_QW%		F[YRSI]_NPJW^SVQ
][F@OBYZGIAOAPLEZXZRJQ_IGKOJN^BOSSAUN1GNXHC_IXVRVM]BZ@U&NKS\WZ[@@R+
CNVFISPUNA[APXjUZOVXT 7^NMHSSQUN@TW\]\NXTVRUHZB\@U,ER\\RK_QTF@_B@NJNINCU\WJANQNJVM_@\N[[	BNK@\UX]NNX_,	OJ^\[[
AC^D\CTB=QQ ADXVLAR	
 <	B@TWX^NXAD[E+ZWXWN	 &
PLVX]^NXIC^QJ]\NAC]@XDRB	,AEJ^K]@]@UNI^BNLC	QXIQY	KDXFVO QAY[^KTARLE BQQALPTJO\N<NKP^E	NXHDCY_V/UCRQSI^E@SS3XIEXTI\N^@ISW<H^KNKLP%
TAVRUJ]B@NAYJTATAR^EQIZGL[TVO

< ]SX_WYANIEZ\VO PAY[_F_GR^KJAIQG]WL]@N@U]QVSQ[QX]NNX_,	OJ]\[[
AC^D\AVB=QQ ADXTNAR	
 <	B@TWX^NXAD[G+YVCOJN 3\]Y]\PVQAQN[]KXI\\[[QV@WXSXANE, \RV]GIROA		@TUQANQNJWO[H\\UUA^SXLR^U\RX_QPUXWR_YAASSAUN1GNXKC_IXVRVM]@X@U&NKS\WXY@@R+
CNVFISPUNA[ARZjVZYNXQW; 	^UCRSSK@Q		LT\T]QJC_IAXWAXZNMSOA
	1A]@@BC[ _VNVFKWOAQLE[Y\ZJCQG_RVNDMS[SIN_N@YOV@IGCSCVDF3AC]C@S
]ZZ\RN_QC7OJ]^GISWO[	
j	QXIB[@	DFHZ@\X(HQVACQ	V7AQQ CDZHXNMJVTPJ\C@SBOVSNKKR_V3 R[VB\ASB	XIBY_V_NM[PWWI\CN]@T^@@Q@_CDXFVO RAY[_GXAR^KJ,
EVRUJARUCQTSIX_NE8	NXKAC[GXJ(JNI]AR]HKJ_[RJG,ZEVRX
	<		ANKS^UDO	
QIXFB_TJAR AYHYCTGRB	,AEJ^K]@]@UNI]CTB	IQIIGCZTJO\NQ[VQ_EU\WJAN QNJWNZB\\UUA ,]Y]@@QQDDXPVO&
AC]A\ARZE
,H[F@\@\_
UAQTI\G3@PY]O	nHOJ]\GKOAQVBUZQX]@@
CQNYQHUD\@U,ER\\RK_QTF@\B[@U_QVSQ[SX]NNXDFJ^X^E\XGIAOASLE[X\VJCQG
%	UCRSO[NKPYW\AN4XVRUH]@\X[[3PTJW]RJ@GACXTN2A^\UCA
=L_NXKCCYQXWC][OHSSO[LV[T^TJ_QW%		F[YRSI]_NPJW]PJ_QPWXWR_^OISSAUNERO_PBCC[_V]NM[PQ[I\CN]@Z2QQ CXJOJ^[GIWOA.
]Y_\RJG_IT2JAYRI\@]@\WXY3SHBQQJQ3	QAC]C\CNLPOVQHFGYCXJNMHWRRO\_NP2
BIBDXUVO	AYRK]_N@[OV@I@BYCVDF	E[YAPJ]A\A@B	KQII@EZTJO\N<NKS^E	NXHDC[_V/UCRQSI\G@SS3XIEXTI\N^@ISW<H^ANKLP%
TAVRUJ]B@NAYJ_@]IR^EQIZ@D_TVO

< ]SX_WYANIEZVVO PAY[_@XER^KJAIQG[PN]@N@U]QVSQ]SX]NNX_,	OJ]\[[
AC^D\AVB=QQ ADXTNAR	
 <	B@TWX^NXAD[G+YVIOJN 3\]Y]\PVQAQN[PK]H\\[[QV@V[WXANE, \RV]GIROA		@TU[ANQNJWIZF\\UUA^SXLT_[\RX_QPUXWR__@OSSAUN1GNXKC_IXVRVM]@X@U&NKS\WXY@@R+
CNVFISPUNA[AR]jV]_NXQW; 	^UCRSSK@Q		LQ\]XWJC_IAXWB\ZAASOA
	1A]@@BC[ _VNVFLQOAQLE\^\VJCQG_RVNCJSWSIN_N@YOV@N@C_CVDF3AC]C@S
]ZZ\RI_QC7OJ]^GISPO[	
j	QXIB[@	DFHZ@\_(HVPACQ	V7AQQ CDZHXNMOVPVI\C@SBOVPJJCZ_V3 R[VB\ASB	XIB^_V_NM[WPPO\CN]@T^@@QGXEDXFVO RAY[X@_GR^KJ,
EVRUJARUCQTSI__NE8	NXKAC[@XJ(JNI]AR]HKJ_[RJ@,ZCVRX
	<		ANKS^UDO	
QI] GM_TJAR AYK\A\GRB	,AEJ^K]@]@UNI]DRB	IQIIA@XTJO\NQ[VQXCV^WJAN QNJPHY@\\UUA ,]Y]@@QQDDXWVO&
AC]A\AR]E
,H[F@\@\_
UAQTI\@3@W_]O	nHOJ]\GKOAQVGPYVX]@@
CQNZTN^F\@U,ER\\RK_QTF@\E]@U_QVSV\UX]NNXDFJ^XYB[^GIAOASLE\_[PJCQG
%	UCRSO[NKPYW[AN4XVRUH]@\_[[3PTJW]RJ@GACXTI2AYZUCA
=L_NXKCCYQXWFU_OOSSO[LUY[\ZJ_QW%		F[YRSI]_NPJW]WL_QPWXWRXXDKSSAUNEROXVIAC[_V]NM[WWPK\CN]@Z2QQ CXJOJ^[GIPOA.
]Y_\RJ@_IT2JAYRI\@]@\WX^3SODQQJQ3	QAC]C\CNLPOVUJDDYCXJNMKR[WO\_NP2
BIBDXUVO	AYRL[_N@[OV@NGE_CVDF	E[YAWMZG\A@B	KQIIGB\TJO\N<NKS^E	NXHDC[_V/UCRQSI\@@SS3XIEXTI\N^@ISP<HYGNKLP%
TAVRUJ]B@NAYOZE[DR^EQIY BG]TVO

< ]SX_WYANIE]PVO PAY[X@ZIR^KJAIQ@[RB]@N@U]QVSV]_X]NNX_,	OJ]\[[
AC^D\AQB=QQ ADXTIAR	
 <	B@TWX^NXAD[@+YQOOJN 3\]Y]\PVQAQN^\J_@\\[[QVCS]VXANE, \RV]GIROA		@TR]ANQNJPN]@\\UUA^SXLSX]\RX_QPUXWRXXGISSAUN1GNXKC_IXVRVM]@_@U&NKS\WX^@@R+
CNVFISPUNA[AR]jV]UNXQW; 	^UCRSSK@Q		LPZ\[[JC_IAXWB^\OOSOA
	1A]@@BC[ _VNVFL[OAQLE\YUTJCQG_RVNCMZUSIN_N@YOV@NGJ]CVDF3AC]C@S
]ZZ\RI_QC7OJ]^GISPO[	
j	QXIB[@	DFHZ@\_(HVZACQ	V7AQQ CDZHXNMNPUSN\C@SBOVPH@A\_V3 R[VB\ASB	XIB^_V_NM[WVQA\CN]@T^@@QG^KDXFVO RAY[XF^IR^KJ,
EVRUJARUCQTSI__NE8	NXKAC[@XJ(JNI]AR]HKJ_[RJF,SQNF	&^QV@R^KJXIB_ JEXTVO AY[OZG\]@S=
 QNYTJ\\N ACTJ@SY^NXXAAS	CDJHX KAYAK^KTARLE BQQAFP\J]R@N
<	SX_ KJ@@AD[FXJ  3[YRQI\CY]@S=
QNYTJ^@NENSSV&TKNKLP%
TAVRUJ]B@NAYH_DTHR^EQISB@XHX
	<		BNKS^VDO IKLDF	D[YAQKYE\A@B	HQIIAA^TJO\NR[VQ^CWXWJAN4C F@\E@NAYQN\CY]@
G2XIBYCD]HX
	<		@NKS^TANPMCC^nKAJ^O

< ^SX_WZANQQ AB[WJ]\NACTC[BRB	,AEJ^K]@]@UNITDNLC	QXIQY EDXTXARQACNA]GR^EDOZIVZUL]@\N[[ 
3LV]ANQIYCD]HX	(AYH^C\AWB	,AGJ^K]@_[[QTSIY,TE@TNE
,HZF@\@\^[[[VB^CTZWDOIDMZ\JAR	
 <	@@TWX\@@]QNPPVO PAY[^B^IR^KJAIQFYVB]@N@U]QVSP__X]NNX_,	OJ]Y[[
AC^D\AWB=QQ ADXTOAR	
 <	B@TWX^NXAD[F+PSXWN	 &
PLVX]^NXIE[WCX@\@U	NITBTXKJ
4E
UXWA\\FUA	NKZYE @QQAFZPJ]R@NKNINCP\WXO@@TBVRFH_BX\G[OA 3PER\YNXIACXTOAR	<
[VB^AR^ KJ
4E
WXWA\\DOAQN\CY.ZX]O	nHOJ]\GKOAQV@Q^WX]@@
CQNPVKT@@N 3_]Y]\SVQGJ^B[\NP[VQ^@[\WJANQNJVKTB\\UUA]SXLVQ_\RX_Q^7NVFLOA
NI^FR^ KJ	
,IEZTJ]E@N 3]]Y]\Q_QYCD];B\RVU,ER\\RH_QIVRUK_@Y\GUA	NKU[UXANE, \RV]GIROA		@TVDOXIVZTI_@\N[[	ANK@\TZ]\@VQ
]YF@OB\_EISAO[=TOVSO_QUQNZSJ]E@N<QV@P^W]ANE, ^RV]GIPO[^D\AW1WJW@R+
BNVFISQO[	SX__^U\RVQFJ^M^F^\[[3PVJW]RJB_I]XWH\@U_QVSP^WX]NNXDFJ^X_@\\GIAOASLEZ]\RJCQG
%	UCRVO[NKPYW]AN4XVRUH]@\Y[[3PTJW]RJ@GACXTO2H_NMA	.EZOVSJCAGF@\AU\DISOA		@TPPX\NXT 7]NMHSSRUN	]P^@@T@VRFH]IZ\G[OA 	C@TUXTZRJQ_IGKOJN^G@USS[@Q j		@@BFGJ^HZ@\Y[[	3SX_WX]YNXT 7_NMHSSP@Q^FR^ 8P_NXQW; 	^UCRSSK@Q		LVYXYRJC_IAXWGZXDIOA
=L\NXKCCZQRVTEUA_SXLW^Y\RX_QPVXWR^\AMSSAUNERO^RLGC[_V/AYRL@Q@TPX]YNXA,F@\B\\GLOA
=L^NXKCCXL_VZSJ]A3]@AAY[	
j	PXIB[AXJRV]GLSW[I\_NPJW^UKDE[Q3	RAC]C\@NLY @@BDSQ	CNVULRPUI\Q@SY_NXXFBXCDJHX HAYAL]@ZARLE%TQNYTVONMKTSSH@QjOVSHCC[ _V3 P[VB\AQEZZ\RK,B\QNF	&^QV@R^KJXIB[J@\TJAR AYK[GXDRB	,AEJ^K]@]@UNI]F[B	IQIIBBPTJO\NQ[VQY@TVWJAN QNJQK[H\\UUA ,]Y]@@QQDDXUVO&
AC]A\AR_E
,H[F@\@\_
UAQTI]A3@WLJ
4E
VXWA\\EUA	NI_DS^KJQQJBXHX
	<		BNKS^VDO IBADF	D[YARO\C\SNLC	PXIQZCDXFVO RAY[]E\ARLE%TQNZTVONMKTSRK@QjOVSHCCZ_V3 P[VB\AQEZZ\RK,B\QNF	&^QV@R^KJXIJ_ JAXTVO AYQLYJ\ANLP%
TBVRUJ]A@N[VB[CNLC	QXIQ_G@XTXARQACNGUEV^EDOZIV\]NY@\N[[ 
3LVXANQIYCDYHX	(AYH^C\ASB	,AGJ^K]@_[[QTSI],]FQLJ
4E
VXWA\\EUA	NIUD[ZWXANIF]\O\@@N 3_]Y]\SVQGJ^KZC@NJNINE[YWXO@@TAVRFNTGZ\G[OA 	@@TSQZZRJQ_IR;	NMHSOAQVCU^VDO,UQNYVJ]@]@U,ER\\RI_IDDXU%\G\NMA	.EZOVSJCAGF@T@[[CISOA		@TRXZ_RVQW; 	]UCRSSH@Q YER\[RVQ
][F@ODTTGISAO[ \]JYTZJCCIQ	ANVUM[[SI\Q@S\	7QIZ_V XWB[\GHOA3LVZ]\RK_QW%		D[YRSI_@SPYWY2]UKQI/QAYH\C^]@MJWUPNDA[_VNVELPPRI@Q	V7BQQ CDYHX	[YRTH@QPTJWNVCBA[QXJ	^UCAWZH^C\SNLC	SXIQ_BFXTXAR<	QV@RBOVPMCCZQ
2NMHQSSI]_NP2
@IBDXWAR^[GIR<RNZQV
@S=
QNYTJ_\N		AYRI]@_@R^EQIYE@ZTVO

< ]SX_WYANIE_RVO PAY[YC[CR^KJAIQAXSH]@N@U]QVSW^UX]NNX_,	OJ]\[[
AC^D\ASB=QQ ADXTKAR	
 <	B@TWX^NXAD[B+YSMOJN 3\]Y]\PVQAQNYTI\G[\GUA	NKPXWP]@@R+
ANVFISRO[ LV_Z@@T@VRFO\@X\G[OA 	C@TRY]XRJQ_IGKOJNYFIWSS[@Q j		@@BCGJ^HZ@\][[	3SX_WX]]NXT 7_NMHSSP@Q^FR^8YZX@@QW%		E[YRSI^_N]QZ[SNCCGOJ^ZFHPSO[	
j	SXIB[BXJ NMHTWO[ ]]JX\RBCCIQ	BNVULSS[I\Q@SY\NXXFC[	CDJHX([VB\]@QER_[RJB_IU;	RV]EISSRUN
A8IQIZCGHX_G\\F&RTV[VNP2
AIBDXVVOUCZZVH\C\]@ZNXHE@\CXJ(HNI]AR_EQIZFXJ	_UCAVSM\C\SNLC	PXIQ^GDXTXARRACNF\ER^EDO,PJ^K]\N[YQTI\B@SZ7@@BA[CEDF	&_QV@R^DO^UJCG4 EBJ^O

< ^SX_WZANQQ	GFYQJ]\NAC^G\DW^E
,HYF@\@\][[ QV@TXE @QQGC]VJ]R@NKNINEU[WXO@@TBVRFNZE^\G[OA 3PER\\NXIACXTNAR	<
[VB^AR^KJ
4E
WXWA\\DOAQN\BZ.SXERNE, _RV]GIQOANKZWWX]\NXTVRVNUAZ\[[3PVJW]RJB_I]XWAZU[[	@NK@ZSP]\@VQ
]ZF@ODTXOISAO[ _]JYTVBCCIQ2[YQSUNSX\WY[@@nJ^K_@\]AUA	.E[OVSJC@QF_TK[/]ZO[YA
	1A^@@BC[_V
OJT[CMZSSUN]ZYYTKC_IT2HAYRI\B@SCOVSLK_IGIOJNXOHUSS[@QPUJWNVBBE[QXJ	]UCAW[HZC\SNLV3IADDF	RV^@IRUO[=QER\^RJBEG/PAYH\C_NLPX\Z=KEFIV3 Q[VB\APBNXBAEXCDDF
	UCQP[IXC@SS3ZIEXTKAR 	AYHZF@SY^NXXGDYCDJHX KAYAM[A\ARLE BQQGCZTJ]R@N
<	SX\KJ@@AD[ EXJ  3[YRQI\BZ]@S=
QNYTJ^@NENSRU&]EXSX	,AFJ^K]@^@UACTB\FP^KJQQ@A]PJAR	
 <	@@TWX\@@]QNYRNARPACNGZIZ^EDOYIV\RBU@\N[[	BNK@Z_P]\@VQX+RV^GUA
[VA[ASXE%IBFXTK[\N	 &
QLVX]_VQA\BB7ULZRVU,ER\\RH_QIVR\OUB]\GUA	NKPZW_]@@R+
ANVFISRO[ LV^Z@@T@VRFNZHX\G[OA 	C@TS_UXRJQ_IGKOJNX@AWSS[@Q j		@@ACGJ^HZ@]Z[[	3SX_WX\ZNXT 7_NMHSSP@Q^FR_8Y[Z@@QW%		E[YRSI^_N]PY^SOCCGOJ^XGLVSO[	
j	SXIB[BXJ NMHUUO[ ]]JY[WHCCIQ	BNVUMTVQI\Q@SY\NXXGD^CDJHX([VA\]@QER_[RKE_IU;	RV]EISRUUN
A8IQIZCGHX_G\]A&RUR[VNP2
AIBDXVVOUCTUVKZC\]@ZNXHAKZCXJ(HNI]AR_EQIZBXJ	_UCAWV@^C\SNLC	PXIQ_JFXTXARRACNGYHP^EDO,PJ^H]\N[YQTI]E@SZ7@@BA[BBDF	&_QV@R^DO^UJBE4 EDJ^O

< ^SX_WZANQQFD]QJ]\NAC^AYFR^E
,HYF@\@\][[ QV@T^E @QQGA^TJ]R@NKNINEWXWXO@@TBVRFNXF\\G[OA 3PER_\NXIACXULAR	<
[VB^AR_KJ
4E
WXWA\\DOAQN\BZ.SXERNE, _RV]GIQOANKUW T\]\NXTVRVI^@Z\[[3PVJW]RJB_I]XWAZ_[[	@NK@ZR^]\@VQ
]ZF@ODZYAISAO[ _]JYZWLCCIQ2[YQSUNSX\WY[@@nJ^K_@\]AUA	.E[OVSJC@QF_TK[/]ZE[YA
	1A^@@BC[_V
OJ[TGHZSSUN]Z^\WCC_IT2HAYRI\B@SCOVSLA_IGIOJNXAKWSS[@QPUJWNVLAG[QXJ	]UCAWUKXC\SNLV3IADDF	RV^@IRUO[=QER\^RJBEG/PAYH\C_NLPX\^=K@EIV3 Q[VB\APBNXNFD^CDDF
	UCRTRKZC@SS3ZIEXTKAR 	AYH_E@SY^NXX@DRCDJHX KAYAJ[J^ARLE BQQ@CQVJ]R@N
<	SX\KJ@@AD[ AXJ  3[YRQI\B^]@S=
QNYTJ^@NENSQV&]GYSX	,AFJ^K]@^@UACYFXGW^KJQQ JD_RJAR	
 <	@@TWX\@@]QNYPOARPACNG\IR^EDOYIV\TB]@\N[[	BNK@Z_X]\@VQX+RV^GUA
[VA[AP[E%IBFXTHX\N	 &
QLVX]_VQA\BF7UIYRVU,ER\\RH_QIVRPIZI]\GUA	NKSXW_]@@R+
ANVFISRO[ LV[Y@@T@VRFIZBT\G[OA 	C@TT__TRJQ_IGKOJN_@K[SS[@Q j		@@ACGJ^HZ@]^[[	3SX_WX\^NXT 7_NMHSSP@Q^FR_8Y^Y@@QW%		E[YRSI^_N]\Y[TMCCGOJ]ZNHUSO[	
j	SXIB[BXJ NMHPVO[ ]]J^[TJCCIQ	BNVUJTUSI\Q@SY\NXX@D]CDJHX([VA\]@QER_[RKA_IU;	RV]EISRQUN
A8IQIZCGHX_G\]E&RPQ[VNP2
AIBDXVVOUCWR[AUC\]@ZNXKEARCXJ(HNI]AR_EQIZAXJ	_UCAPUOXC\SNLC	PXIQXE@XTXARRACN@ZGV^EDO,PJ^H]\N[YQTI]A@SZ7@@BA[BFDF	&_QV@R^DO^UJBA4 @GJ^O

< ^SX_WZANQQAL[VJ]\NAC]EYAR^E
,HYF@\@\][[ QV@Q]E @QQ@BQRJ]R@NKNINBTWWXO@@TBVRFI[IZ\G[OA 3PER_\NXIACXUHAR	<
[VB^AR_KJ
4E
WXWA\\DOAQN\CX.VV]O	nHOJ]\GKOAQVBQ] WXANIG]VI]\N	 &
SLVX]]NXTVRPBARPACNJ[GR^KJAIQM_RJ]R@NHNINHUXWJAN4C F@\@@NAYQN\CX]@
G2XIBYCD\HX
	<		@NKS^TANPMCC_nGMJ^O

< ^SX_WZANQQGLPTJAR AYJZAYANLP%
TBVRUJ]A@N[VGU]@T_@@QB[KDXFVO QAY[]C\IR^KJBIQEXTB]@N@U
&@TWDOXIA\C@DF3AYRK\C\ENLP%
T@VRUJ]C@UKTSSM3GZSX	,AFJ^K]@^@UAC_CXCR^EQIXAFXHX
	<		BNKS^VDO IGBDF	D[YAZH^C\SNLC	PXIQR ADXFVO RAY[UB^ARLE%TQNYTVONMKTSSM@QjOVSHCC[_V3 P[VB\AQEZZ\RN,G\IJ(KNI]AR\E@@@BSCDDF
	UCPWQK\_NP2
BIBDXUVO	AYWN@QPTJWN[NGC[_V^NM[ZWWI\Q@SY\NXXJG_CVDF3AC]C@S
]ZZ\RN_QC7OJ]^GISWO[	
j	QXIB[@	DFHZ@\X(MWAYN
A8HQIZCFDF NVENUUSI@QGER^]PMC_IT2HAYRI\B@SCOVVN_QPWXWRTXOISAO[ \]JUXZJCQG\RVNOM[SS[@Q j		@@BCGJ^HZ@\X[[	3SX_WX]XNXT 7_NMHSSP@Q^FR^8\XNXQW; 	^UCRSSK@Q		LUQ]^RJ_Q^F@^B^XGUA	.EYOVSJCBGOJXY[[	@NK@VWX]NNXDFJ^XUH\\G[OA 	@@T_P]\RX_Q^7NVFIOA
NI^FR^KJ	
,IEZTJ]D@N 3]]Y]\Q_QYCD\;N_RVU,ER\\RH_QIVRVO]F\\[[QVC[]WDO	nKOJ]\GHOA SXZKJ@IQCPPJ]R@NKNINFZZWJAN QNJSBY@\N[[ 
3LVXANQIYCD\HX	(AYH^C\AVB	,AGJ^K]@_[[QTSIX,XB@TNE
,HZF@\@\^[[[VAZBV^KJQQCGYTVO

< ]SX_WYANI@[HX JAYAA]E\A@B	HQII	BBXTXARRACNK]GR^KJ,
EVRUJARUCQTSIX_NE8	NXKAC[GXJ(JNI]AR]HKJ_[RJG,_QNF	&^QV@R^KJXIAY@DXHX	[YQTMUC@SS3ZIEXTKAR 	AYM\_N@[OV@MAC[QXJ	^UCATQI\CN]@T]@@QDYCDJHX([VB\]@QER_[RJG_IU;	RV]EISSWUN
A8IQIZCGHX_G\\C&WRACQ	V7AQQ CDZHXNMKP[QI\_NPJW^ZNACG/RAYH\C]]@PNXNB_IGIOJN[BKSSAUNERO[WHCCIQ	ANVUNVQSIN_N[8XIB[QF@_G\\CUA,@TUX]\VVQW; 	_UCRSSJ_NCU^P7\YTXIIT2KAYRI\A@SEER[UQBEC[QRV^FOS[SUN
A8KQIZCEDF	 UCRVUUNEROXVIAC[_V^NM[WWPK\CN]@T]@@QG_ADXFVO&NI^ANL\JW^UJCDG%NVFKSSSN@Q	V7@QQ CD[VOB[\GN<RVNNISS3YIEXTHAR	[YTSN[A\ANLE@@ABSEDDF	&]QV@R^KJ	QQ FCDF	D[YAWMZG\A@B	HQIIGB\TJO\NR[VQXETZWJAN4C F@_@@NAYQN\C[]@
G2XIBYCD_HX
	<		@NKS^TANPMCC\nBA\F@R	
 <	C@TWX_@@IEB^SO]@@N[VA]@Q[KJ
4E
UXWA\\FUA	NKS[KJ@IQ@[RB]@N@U^QVSV]_X]NNXDEJ^XYCZTGIAOA.AJW^RVQIF_TJZ\N<
NI]CR^PDO	nIOJ]\GJOAK[C\@=\ERNE, _RV]GIQOANKS_WX]@@
CQNYSHX@@N 3_]Y]\SVQGJ^HU\NP[VQ_GZ^EDOYIV[RB]@N@U]QVSQXWXO@@nXWA\@UAYK[C\@NLQ3QIZCDXUVO

< _SX_W[@@HDC[,E]VXWN	 &
PLVX]^NXIB\TNX@\@U	NI^ATXWDO	nKOJ]\GHOA SX_ UDOXIV\WJY@\N[[	ANK@ZW\]\@VQ
]YF@OD_\CISAO[=TOVPJ_QUQNZSJ]G@N<QV@P^W_ANE, ^RV]GIPO[^D\AU1R[OVXT 7^NMHSSQUN@TR[X\RJ_Q^F@_@U\FIOA
=L\NXKCCZQRV]BJOA 	B@TS[^ZRJQ_IGHOJNXDJUSS[@QPVJWNVI@E[QXJ3AYK\_NLU_]\UVQ^+ XWA^\GITOA
	1A_@@BC[XJVM]@[3FLSAYN
A8HQIZCFDF NVAHWZTI\_NPJW^RHCE[Q3	RAC]C\@NLY @@BF[Q	CNVUMQWSI\Q@SY_NXXGA_CDJHX HAYAM^G\ARLE%TQNZTVONMKTSSN@QjOVSHCC[_V3 P[VB\AQEZZ\RM,B^ QNF	&^QV@R^KJXIEYEEXTVO AYQIX@ZANLP%
TBVRUJ]A@N[VBY@NLC	QXIQ_DFXTXARQACNG^FP^EDOZIV\VM_@\N[[ 
3LUXANQIYCD_HX	(AYH^C\AUB	,AGJ^K]@_[[QTSI],^B@TNE
,HZF@\@\^[[[VDZDR^EQIZGAXHX
	<		BNKS^VDO IAGDF	D[YAQATC\SNLC	PXIQY	KDXFVO RAY[^KTARLE%TQNYTVONMKTSSH@QjOVSHCC[ _V3 P[VB\AQEZZ\RK,AYIJ(KNI]AR\E@@DC_CXJNMHQTQI@Q	V7BQQ CDYHX	[YQQUNERO^UHCCIQ	BNVUKTQSIN_N@YOV@HDA[QXJ3AYH\_NLU_]\SVQ^+ XWA^\GIROA
	1A_@@BC[XJVM]@]3EHAY[	
j	PXIB[AXJRVZCOSSO[LVZ]]RVQW; 	]UCRSSH@Q YER_]NXDGJ^X_EZ\G[OA 	C@TU][\RX_QPUXWR^YAISAO[=TOVSJ_QUQNZSJ]A@N<QV@P^WYANE, ^RV]GIPO[^D\AS1WJW@R+
BNVFISQO[	SX[VX]@@
CQNYUI\@@N 3_]Y]\SVQGJ^H]\NP[VQ^ER^EDOYIVZPJ]@N@U]QVSPZWXO@@nXWA\@UAYK[C\@NLQ3QIZCDXUVO

< _SX_W[@@HDC[ ,F_F@R	
 <	C@TWX_@@IBD[QJ]\NAC]EXFRB	,AEJ^K]@]@UNI^FNLC	QXIQXADXFVO QAY[_F^ARLE BQQ@AZTJO\N<NKS^E	NXHDC[ _V/UCRQSI\B@SS3XIEXTI\N^@ISR<KZQV
@S=
QNYTJ_\N		AYZO_C\]@ZNXKFD[_V3 R[VB\ASB	XIA]Q	CNVUJPUSIN_N@ZOV@I@E[QXJ	]UCAPPO\CN]@Z2QQ CXJOJ^[GIROA.
]Y_\RJB_IT2JAYRI\@]@\WX\3POQI/QAYH\C^]@MJWT[NCCGOJ]XNMSOA
	1A]@@BC[ _VNVELOA 	B@TTZ]\RX_QPVXWR_^GISAO[ _]J^^RJCQG
%	UCRSO[NKPYWYAN4XVRUH]@\][[3PTJW]RJ@GACXTK2BXNMA	.EZOVSJCAGF@UBT\GUA	NKSZ^XANE, \RV]GIROA		@TSDOXIV[TN]@N@U^QVSQ^WXO@@TBVRFI]D\\UUA ,]Y]@@QQDDXUVO&
AC]A\AR_E
,H[F@\@\_
UAQTI^F3@V]]O	nHOJ]\GKOAQVDQ_UX]@@
CQNY\L^C\@U,ER\\RK_QTF@\D_@U_QVSV^QX]NNXDFJ^XY@]ZGIAOASLE\]]TJCQG
%	UCQSO[NKPYU]AN4XVRUH]@^Y[[3PTJW]RJ@GACXVO2AX^UCA
=L_NXKCCYQXWE^\AASSO[LVPY]VJ_QW%		F[YRSI]_NPJW]VH_QPWXWR_UOMSSAUNERO_[BGC[_V]NM[PZ[M\CN]@Z2QQCXJOJ^[GKVOA.
]Y_\RHF_IT2JAYRI\@]@\WY^3SJDQQJQ3	QAC]C\CNLPOVPICD]CXJNMHRVTH\_NP2
BIBDXUVO	AYRI[_N@[OV@HKE_CVDF	E[YAQAZG\A@B	KQIIKB\TJO\N<NKP^E	NXHDCZ_V/UCRQSI]@@SS3XIEXTI\N^@IRP<H_JNKLP%
TAVRUJ]B@NAYMTK_GR^EQIZDB\TVO

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AC^D\@QB=QQ ADXUIAR	
 <	B@TWX^NXAD[ @+YWBOJN 3\]Y]\PVQAQN\SMTD\\[[QV@U[ WXANE, \RV]GIROA		@TTPANQNJWBXF\\UUA^SXL_][\RX_QPUXWR_TBOSSAUN1GNXHC_IXVRVM]A_@U&NKS\WY^@@R+
CNVFISPUNA[AS]jVQ]NXQW; 	^UCRSSK@Q		LVZTYWJCCGOJ_\BIQSO[	
j	SXIB[BXJ NMHZSO[ ]]JXYPJCCIQ	BNVULVQSI\Q@SY\NXXFFYCDJHX([VA\]@QER_[RK@_IU;	RV]EISRPUN
A8IQIZCGHX_G\]D&PPACQ	V7AQQ CDZHXNMHVPSI\_NPJW^SIACG/RAYH\C]]@PNXI@_IGIOJNXNOSSAUNEROX[LCCIQ	ANVUMZUSIN_N[8XIA[QF@_G\]DUA,@TUX]]QVQW; 	_UCRSSJ_NCU^T7^^@@QW%		E[YRSI^_N]YY_[JC_IAXWB\XOIOA
=L\NXKCCZQRV_EUA_SXLQ\]\@VQ
]ZF@ODZXGIAOASLE\[XRJQ_IR;	NMKSOAQVCU^TDO,UQNYVJ]A_@U,ER\\RI_IDDYW%^ANV[3PUJW]RJA_ITJ^K^E^\GUA	NKSWRXANE, \RV]GIROA		@TVDOXIV\WH]@N@U^QVSV]WXO@@TBVRFN^B\\UUA ,]Z]@@QQDDYWVO&
AC]A\AS]E
,H[F@\@\_
UAQTI]@3BRLJ
4E
VXWA\\EUA	NI]CTVWDOIBLPPJAR	
 <	@@TWX\@@]QN[TVO PAY[XC\ARLE AQQGDXTJO\NR[VQXAR^EDO,PJ^H]\N[YQTI]@@SZ7@@BA[BGDF	&_QV@R^DO^UJB@4DVRX
	<		ANKS^UDO	
QIZALXTVO AYQM[K\]@S=
 QNYTJ\\N AC_D@SY^NXXEA_CVDF	E[YAUKXC\SNLC	SXIQ]GDXFVO&NI^ANL\JW^UJB@G%NVFKSSRJ@Q	V7@QQ CD[VOB[\FJ<PU[VNP2
AIBDXVVOUCR[QJ\C@SBOVPIJC[Q3	RAC]C\@NLY @@@EG^RVNB@QSS[@QPUJWNWCAC[_V]NM[VZQI\Q@S\	7QIY_V XWB[\FJOA3LVZ]\SI_QW%		D[YRSI_@SPYV[2_WXIIT2KAYRI\A@SEER\[PHCCGOJ^_GJSOA
	1A]@@BC[ _VNVDLOA 	B@TR^]\RX_QPVXWRYZGISAO[ _]JXZRJCQG
%	UCQSO[NKPYV[AN4XVRUH]@]_[[3PTJW]RJ@GACXUI2CXNMA	.EZOVSJCAGF@\F^XGIOASX\V_]@@R+
ANVFISRO[ LT\ANQNJQHU@\N[[	ANK@[_X]NNXDEJ^XXBT\G[OA 3PER_\NXIACXUIAR	<
[VB^AR_KJ
4E
WXWA\\DOAQN\B_.S]ERNE, _RV]GIQOANKV\TZ]\NXTVRULX@\\[[3PVJW]RJB_I]XWA__[[	@NK@]^^]\@VQ
]ZF@OCZUAISAO[ _]J^Z[LCCIQ2[YQSUNSX\WY^@@nJ^K_@\]DUA	.E[OVSJC@QF_TK^/_UUCA
=L_NXKCCYQXWB]XOISOA		@TQ]Z\NXT 7]NMHSSRUN	][T@@T@VRFLUH\\UUA^SXL_P]\@VQ
]YF@OFTTGIAOA.AJW^RVQIF_TK^\N<
NI]CR^TDO	nIOJ]\GJOAK[C]B=]ERNE, _RV]GIQOANKP^QX]@@
CQNZQLZ@@N 3_]Y]\SVQGJ^IU\NP[VQZDT^EDOYIV^QL]@N@U]QVST[WXO@@nXWB\@UAYK[C]BNLQ3QIZCDYWVO

< _SX_W[@@HDCZ,E[VXWN	 &
PLVX]^NXI@Y\BT@\@U	NI]GPWWDO	nKOJ]\GHOA SX_UDOXIV[RLY@\N[[	ANK@]Q\]\@VQ
]YF@OCZZCISAO[=TOVPJ_QUQNZSJ\C@N<QV@P^V[ANE, ^RV]GIPO[^D\A[1_QOVXT 7^NMHSSQUN@TU_^ZRJC_IAXWC\^FNSOA
	1A]@@BC[ _VNVFAZOAQLE]YTZJCQG_RVNBM[[SIN_N@YOV@OGKSCVDF3AC^C@S
]ZZ\RC_QC7OJ]^GISZO[	
j	QXIB[@	DFHZ@\U(H[[ACQ	V7AQQ CDZHXNMHQVR@[C\]@ZNXHJJXCXJ(HNI]AR_EQIZ	KXJ	_UCAVWLZC\SNLC	PXIQ^FBXTXARRACNFXDT^EDO,PJ^H]\N[YQTI\J@SZ7@@BA[CMDF	&_QV@R^DO^UJCJ4 KGJ^O

< ^SX_WZANQQ B@_\M]@@N[VATDQYKJ
4E
UXWA\\FUA	NKSVKJ@IQAZ]L]@N@U^QVSW\QX]NNXDEJ^XXBUZGIAOA.AJW^RVQIF_TJT\N<
NI]CR^^DO	nIOJ]\GJOAK[C\H=_UJW@R+
BNVFISQO[	SX_U_UZRJ_Q^F@_H^ZEIOA
=L\NXKCCZQRV]OKOA 	B@TRZ[XRJQ_IGHOJNYEOWSS[@QPVJWNWHEG[QXJ3AYK\_NLU_]\[VQ^+ XWA^\GIZOA
	1A_@@BC[XJVM]@U3FARAYN
A8HQIZCFDF NVFHS[RK\C@SBOVPMJKS_V3 R[VB\ASB	XIBS _V_NM[VQPK\CN]@T^@@QFYADXFVO RAY[YA_CR^KJ,
EVRVJARUCQTSIU_NE8	NXKAC[JXJ(JNI]AR]HKJ_[RJJ,Z	CVRX
	<		ANKS^UDO	
QIZKL^QJ]\NAC^D[@T^E
,HYF@\@\][[ QV@Z^E @QQFFXTJ]R@NKNINDP^WXO@@TBVRFO_@\\G[OA 3PER_\NXIACXTCAR	<
[VB^AR^KJ
4E
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=L^NXKCCXL_VZSJ]I3]OOAY[	
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AC]A\ARWE
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=L_NXKCCYQXWAT^DISOA		@TTQ]\NXT 7]NMHSSRUN	][[@@T@VRFOTB\\UUA^SXL ^Z]\@VQ
]YF@OEU^GIAOA.AJW^RVQIF_THX\N<
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@S=
QNYTJ_\N		AYRN^A\ANLE@@A@[CXJ(HNI]AR_EQIX_V_NM[VUSI\Q@SY_NXXFE[CVDF	F[YAVO\C\SNLV3IADDF	RV^@IQVO[=QER\^RJAFG/PAYH\C_NLPX_Y=IAQQJQ3	QAC]C\CNLPOVSN@J[_VNVEIW[SUN
A8KQIZCEDF	 UCPQO[ ]]JYZVJCQG_RVNCOWSS[@QPVJWNVLGC[_V/AYQI@Q@TPX_YNXA,F@\B\\ELOA
=L^NXKCCXL_VZSJ_E3_D[YA
	1A^@@BC[_V
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AC^D\CWB=QQ ADXVOAR	
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PLVX]^NXIE[QH]@@N[VBUGW^E
,HYF@\@\][[ QVBSB	IQII@FXTXARQACNG_CR^KJBIQ@[VJ]R@N
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QNYTJ^@NENSRP&]J^SX	,AFJ^K]@^@UAC]@XASYWDOI@EXSM]\N	 &
SLVX]]NXTVRUC_\NP[VQYDZZWJANQNJQOUD\\UUA]SXL RPY\RX_Q^7NVEIOA
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3LUXANQIYCF]HX	(AYH^C\CWB	,AGJ^K]@_[[QTSKY,_H@TNE
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< ]SX_WYANIGQHX JAYAOTK\A@B	HQIIKLXTXARRACNETIR^KJ,
EVRVJARUCQTSKY_NE8	NXKAC[FXJ(JNI]AR]HKJ_[RKB,ZGVRX
	<		ANKS^UDO	
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AC]A\AS_E
,H[F@\@\_
UAQTI]@3@[[]O	nHOJ]\GKOAQV@V^T]]\NXTVRWKTDU\[[3PVJW]RJB_I]XWAUY[[	@NK@[_X]\@VQ
]ZF@OEZTGISAO[ _]JXZZJCCIQ2[YQSUNSX\WY^@@nJ^K_@\]DUA	.E[OVSJC@QF_TJ[/]YD[YA
	1A^@@BC[_V
OJZYDLSSSUN]Z]URKC_IT2HAYRI\B@SCOVSO@_IGIOJNXDJUSS[@QPUJWNVI@E[QXJ	]UCAWPJZC\SNLV3IBADF	RV^@ISUO[=QER\^RJCEG/PAYH\C_NLPX]Z=KFAIV3 Q[VB\APBNXLGC_CDDF
	UCQSUOTC@SS3ZIEXTKAR 	AYHYA@SY^NXXG@[CDJHX KAYAM_CXARLE BQQGGXPJ]R@N
<	SX_ KJ@@AD[EXJ  3[YRQI\CZ]@S=
QNYTJ^@NENSSU&]F]SX	,AFJ^K]@^@UACZA[GS^KJQQC@[RJAR	
 <	@@TWX\@@]QNYQKARPACNG^FP^EDOYIV\VM_@\N[[	BNK@ZPZ]\@VQX+RV]BUA
[VA[ARXE%IBFXTJ[\N	 &
QLVX]_VQA\CB7UO]RVU,ER\\RH_QIVRRKYI[\GUA	NKP^W^]@@R+
ANVFISRO[ LV]]@@T@VRFN_D\\G[OA 	C@TSZY\RJQ_IGKOJNXEMSSS[@Q j		@@BFGJ^HZ@\Z[[	3SX_WX]ZNXT 7_NMHSSP@Q^FR^8YX[@@QW%		E[YRSI^_N]_][UHCCGOJ^]OMUSO[	
j	SXIB[BXJ NMHVTO[ ]]JYXTNCCIQ	BNVUMWUWI\Q@SY\NXXGG]CDJHX([VBY]@QER_[RJE_IU;	RV]EISSUUN
A8IQIZCGHX_G\\A&RVU[VNP2
AIBDXVVOUCUZPAZC\]@ZNXHBE[	CXJ(HNI]AR_EQIZEXJ	_UCAWWJ^C\SNLC	PXIQ_@FXTXARRACNGXBP^EDO,PJ^KX\N[YQTI\E@SZ7@@BA[CBDF	&_QV@R^DO^UJCE4 FAJ^O

< ^SX_WZANQQKDZTJ]\NAC^B_FS^E
,HYF@\@\][[ QV@W[E @QQG@XTJ]R@NKNINEV^WXO@@TBVRFNY@\\G[OA 3PER\YNXIACXTLAR	<
[VB^AR^KJ
4E
WXWA\\DOAQN\CZ.S[ERNE, _RV]GIQOANKTXP]]\NXTVRVK\CY\[[3PVJW]RJB_I]XWAYX[[	@NK@ZQP]\@VQ
]ZF@OD_ZOISAO[ _]JY_TBCCIQ2[YRVUNSX\WX[@@nJ^K_@\\AUA	.E[OVSJC@QF_TJ[/]YN[YA
	1A^@@BC[_V
OJ[_AITSSUN]Z__PMC_IT2HAYRI\B@SCOVSOJ_IGIOJNXBK[SS[@QPUJWNVOAK[QXJ	]UCAWVKTC\SNLV3IBADF	RV^@ISUO[=QER\^RJCEG/PAYH\C_NLPX]Z=KFKIV3 Q[VB\APBNXMAB\CDDF
	UCQQSAZC@SS3ZIEXTKAR 	AYHYK@SY^NXXGGRCDJHX KAYAMXJZARLE BQQG@QRJ]R@N
<	SX_ KJ@@AD[EXJ  3[YRQI\CZ]@S=
QNYTJ^@NENSSP&ZBNKLP%
TAVRUJ]B@NAYL[C^ARB	XIGRDDDF	&]QV@R^KJ	QQBXJ	_UCARP@^C\SNLC	PXIQZJFXTXARRACNB_HP^EDO,PJ^K]\N[YQTI\@@SZ7@@BA[CGDF	&_QV@R^DO^UJC@4CVRX
	<		ANKS^UDO	
QI^JDXTVO AYWA^B\]@S=
 QNYTJ\\N ACZC@SY^NXXB@]CDJHX KAYAH_E\ARLE BQQBG^TJ]R@N
<	SX_KJ@@AD[@XJ  3[YRQI\C_]@S=
QNYTJ^@NENSSP&Z@NKLP%
TAVRUJ]B@NAYO]GXARB	XIFZADDF	&]QV@R^KJ	QQ@XJ	_UCARWLZC\SNLC	PXIQZFBXTXARRACNBXDT^EDO,PJ^K]\N[YQTI\@@SZ7@@BA[CGDF	&_QV@R^DO^UJC@4AVRX
	<		ANKS^UDO	
QI^ADXTVO AYVIYG\]@S=
 QNYTJ\\N ACZA@SY^NXXBGYCDJHX KAYAHXAXARLE BQQB@ZPJ]R@N
<	SX_KJ@@AD[@XJ  3[YRQI\C_]@S=
QNYTJ^@NENSSP&ZFNKLP%
TAVRUJ]B@NAYOZCTARB	XIF_ BDDF	&]QV@R^KJ	QQFXJ	_UCARVK\C\SNLC	PXIQZADXTXARRACNBYCR^EDO,PJ^K]\N[YQTI\@@SZ7@@BA[CGDF	&_QV@R^DO^UJC@4GVRX
	<		ANKS^UDO	
QI]DGXTVO AYVKUB\]@S=
 QNYTJ\\N ACZG@SY^NXXBGS	CDJHX KAYAHXKTARLE BQQB@P\J]R@N
<	SX_KJ@@AD[@XJ  3[YRQI\C_]@S=
QNYTJ^@NENSSP&ZDNKLP%
TAVRUJ]B@NAYN\JZARB	XIF]EDDF	&]QV@R^KJ	QQDXJ	_UCARVAXC\SNLC	PXIQZK@XTXARRACNBYIV^EDO,PJ^K]\N[YQTI\@@SZ7@@BA[CGDF	&_QV@R^DO^UJC@4EVRX
	<		ANKS^UDO	
QI]	GMXTVO AYVL_@\]@S=
 QNYTJ\\N ACZE@SY^NXXBF^CDJHX KAYAHYF^ARLE BQQBA]VJ]R@N
<	SX_KJ@@AD[@XJ  3[YRQI\C_]@S=
QNYTJ^@NENSSP&ZJNKLP%
TAVRUJ]B@NAYNZCZARB	XIFRFDDF	&]QV@R^KJ	QQJXJ	_UCARUMTC\SNLC	PXIQZGLXTXARRACNBZEZ^EDO,PJ^K]\N[YQTI\@@SZ7@@BA[CGDF	&_QV@R^DO^UJC@4KVRX
	<		ANKS^UDO	
QI\GLXTVO AYVNTC\]@S=
 QNYTJ\\N ACZK@SY^NXXBEZCDJHX KAYAHZBZARLE BQQBBYRJ]R@N
<	SX_KJ@@AD[@XJ  3[YRQI\C_]@S=
QNYTJ^@NENSRQ&ZDNKLP%
TAVRUJ]B@NAYN\JZARB	XIF]EDDF	&]QV@R^KJ	QQDXJ	_UCARVAXC\SNLC	PXIQZK@XTXARRACNBYIV^EDO,PJ^H]\N[YQTI]A@SZ7@@BA[BFDF	&_QV@R^DO^UJBA4EVRX
	<		ANKS^UDO	
QI]	GMXTVO AYVL_@\]@S=
 QNYTJ\\N ACZE@SY^NXXBF^CDJHX KAYAHYF^ARLE BQQBA]VJ]R@N
<	SX\KJ@@AD[ AXJ  3[YRQI\B^]@S=
QNYTJ^@NENSRQ&ZFNKLP%
TAVRUJ]B@NAYOZCTARB	XIF_ BDDF	&]QV@R^KJ	QQFXJ	_UCARVK\C\SNLC	PXIQZADXTXARRACNBYCR^EDO,PJ^H]\N[YQTI]A@SZ7@@BA[BFDF	&_QV@R^DO^UJBA4GVRX
	<		ANKS^UDO	
QI]DGXTVO AYVKUB\]@S=
 QNYTJ\\N ACZG@SY^NXXBGS	CDJHX KAYAHXKTARLE BQQB@P\J]R@N
<	SX\KJ@@AD[ AXJ  3[YRQI\B^]@S=
QNYTJ^@NENSRQ&Z@NKLP%
TAVRUJ]B@NAYO]GXARB	XIFZADDF	&]QV@R^KJ	QQ@XJ	_UCARWLZC\SNLC	PXIQZFBXTXARRACNBXDT^EDO,PJ^H]\N[YQTI]A@SZ7@@BA[BFDF	&_QV@R^DO^UJBA4AVRX
	<		ANKS^UDO	
QI^ADXTVO AYVIYG\]@S=
 QNYTJ\\N ACZA@SY^NXXBGYCDJHX KAYAHXAXARLE BQQB@ZPJ]R@N
<	SX\KJ@@AD[ AXJ  3[YRQI\B^]@S=
QNYTJ^@NENSRQ&ZBNKLP%
TAVRUJ]B@NAYL[C^ARB	XIGRDDDF	&]QV@R^KJ	QQBXJ	_UCARP@^C\SNLC	PXIQZJFXTXARRACNB_HP^EDO,PJ^H]\N[YQTI]A@SZ7@@BA[BFDF	&_QV@R^DO^UJBA4CVRX
	<		ANKS^UDO	
QI^JDXTVO AYWA^B\]@S=
 QNYTJ\\N ACZC@SY^NXXB@]CDJHX KAYAH_E\ARLE BQQBG^TJ]R@N
<	SX\KJ@@AD[ AXJ  3[YRQI\B^]@S=
QNYTJ^@NENSRQ&ZJNKLP%
TAVRUJ]B@NAYNZCZARB	XIFRFDDF	&]QV@R^KJ	QQJXJ	_UCARUMTC\SNLC	PXIQZGLXTXARRACNBZEZ^EDO,PJ^H]\N[YQTI]A@SZ7@@BA[BFDF	&_QV@R^DO^UJBA4KVRX
	<		ANKS^UDO	
QI\GLXTVO AYVNTC\]@S=
 QNYTJ\\N ACZK@SY^NXXBEZCDJHX KAYAHZBZARLE BQQBBYRJ]R@N
<	SX\KJ@@AD[ AXJ  3[YRQI\B^]@S=
QNYTJ^@NENSRP&]J[SX	,AFJ^K]@^@UAC]GYG[ZWDOI@F]WB]\N	 &
SLVX]]NXTVRUCZ\NP[VQYFVZWJANQNJQMYD\\UUA]SXL P\Y\RX_Q^7NVEIOA
NI^FR_KJ	
,IEZTJ\C@N 3]]Y]\Q_QYCF^;M[RVU,ER\\RH_QIVR]OUI\\[[QVGZ_ WDO	nKOJ]\GHOA SXYKJ@IQEPSH]@N@U^QVSSVUX]NNXDEJ^X\H[^GIAOA.AJW^RVQIF_TH[\N<
NI]CR^QDO	nIOJ]\GJOAK[C]@=\ERNE, _RV]GIQOANKU^WXANIEZSH]\N	 &
SLVX]]NXTVRVHARPACNA[CR^KJAIQF_VJ]R@NHNINCU\WJAN4C F@_@@NAYQN\B]]@
G2XIBYCEYHX
	<		@NKS^TANPMCBZnAGJ^O

< ^SX_WZANQQEAXTVO AYRJXF\]@S=
 QNYTJ\\N AC^@@SY^NXXAKSCVDF	E[YAQATC\SNLC	SXIQY	KDXFVO&NI^ANL\JW^UJBBG%NVFKSSRH@Q	V7@QQ CD[VOB[\FH<QS[VNP2
AIBDXVVOUCVZRI\_NPJW]SIBCG/RAYH\C]]@PNXHC_IGIOJN^CISSAUNERO^VJCCIQ	ANVUKWSSIN_N[8XIA[QF@_G\]FUA,@TUX]]SVQW; 	_UCRSSJ_NCU^V7_]@@QW%		E[YRSI^_N]^YZRJ_Q^F@\B\]GUA	.EYOVSJCBGOJ^][[	@NK@\ QX]NNXDFJ^X_EZ\G[OA 	@@TU][\RX_Q^7NVEIOA
NI^FR_KJ	
,IEZTJ\A@N 3]]Y]\Q_QYCEY;H[RVU,ER\\RH_QIVR]L^@\@U	NI]DU^KJ
4E
UXWA\\FUA	NKPXE @QQ@G^TJO\NQ[VQ_BT^EDOZIV[WL]@N@U
&@TWDOXIA\BEDF3AYRK\C]@NLP%
T@VRUJ]C@UKTSRH3A[SX	,AFJ^K]@^@UAC]C_DR^EQIZGCXHX
	<		BNKS^VDO IACDF	D[YAPL^C\SNLC	PXIQXADXFVO RAY[_F^ARLE%TQNZTVONMKTSRH@QjOVSHCCZ _V3 P[VB\AQEZZ\SK,A_IJ(KNI]AR\E@@KASCXJNMHWRZI@Q	V7BQQ CDYHX	[YQWUNERO_RNCCIQ	BNVUJSWSIN_N@YOV@ICG[QXJ3AYK\_NLU_]]SVQ^+ XWA^\GHROA
	1A_@@BC[XJVM]A]3ELAY[	
j	PXIB[AXJRVTNMSSO[LV\TXRVQW; 	]UCRSSH@Q YER_YNXDGJ^X^B\\G[OA 	C@TTZ]\RX_QPUXWR_^GISAO[=TOVPJ_QUQNZSJ\A@N<QV@P^VYANE, ^RV]GIPO[^D\@S1_JW@R+
BNVFISQO[	SX_VX]\NXTVRUM_E\@U,ER\\RK_QTF@_H@NJNINBTVWJANQNJWLU@\N[[	BNK@]_X]NNX_,	OJ^\[[
AC^D\@SB=QQ ADXUKAR	
 <	B@TWX^NXAD[ B+Z]XWN	 &
PLVX]^NXIEY\B]@@N[VBTAV^E
,HYF@\@\][[ QVC[B	IQIIK@XTXARQACN@TER^KJBIQGPPJ]R@N
<	SX\KJ@@AD[ BXJ  3[YRQI\B]]@S=
QNYTJ^@NENSSZ&]QV
@S=
QNYTJ_\N		AYSUN]XANE, \RV]GIROA		@TKJ@IQDJHX KAYAIN_N@YOV@JQ_IR;	NMKSOAQVCU^^DO,UQNYVJ]@U@U,ER\\RI_IDDX]%^@NV[3PUJW]RJA_ITJ^K_FT\GUA	NKSVSXANE, \RV]GIROA		@TWDOXIV\TJ]@N@U^QVSV^WXO@@TBVRFN]@\\UUA ,]Z]@@QQDDX]VO&
AC]A\ARWE
,H[F@\@\_
UAQTI\J3BSLJ
4E
VXWA\\EUA	NI]BW\WDOIBM^QJAR	
 <	@@TWX\@@]QN[UVO PAY[X@^ARLE AQQGGZTJO\NR[VQXBP^EDO,PJ^H]\N[YQTI\J@SZ7@@BA[CMDF	&_QV@R^DO^UJCJ4AVRX
	<		ANKS^UDO	
QIZ@MXTVO AYQIXK\]@S=
 QNYTJ\\N AC_A@SY^NXXGE_CVDF	E[YAWOXC\SNLC	SXIQ_GDXFVO&NI^ANL\JW^UJCJG%NVFKSSS@@Q	V7@QQ CD[VOB[\G@<PP[VNP2
AIBDXVVOUCRVPI\C@SBOVPK@A[Q3	RAC]C\@NLY @@@@G^RVNC@USS[@QPUJWNVCEC[_V]NM[WZUI\Q@S\	7QIY_V XWB[\G@OA3LVZ]\RC_QW%		D[YRSI_@SPYWQ2_VXIIT2KAYRI\A@SEER\ZPNCCGOJ^^FNSOA
	1A]@@BC[ _VNVDMOA 	B@TRZU\RX_QPVXWRY^OISAO[ _]JX^ZJCQG
%	UCQSO[NKPYWQAN4XVRUH]@\U[[3PTJW]RJ@GACXTC2CYNMA	.EZOVSJCAGF@\G^^GIOASX\W[]@@R+
ANVFISRO[ LT]ANQNJQL]@\N[[	ANK@[WX]NNXDEJ^XXF\\G[OA 3PER_\NXIACXTCAR	<
[VB^AR^KJ
4E
WXWA\\DOAQN\CU.QX]O	nHOJ]\GKOAQV@Z\WXANIF[]J]\N	 &
SLVX]]NXTVRWLARPACNFUCR^KJAIQAQVJ]R@NHNIND[\WJAN4C F@_@@NAYQN\CU]@
G2XIBYCDQHX
	<		@NKS^TANPMCCRn@CJ^O

< ^SX_WZANQQ JFPTJAR AYKXDTANLP%
TBVRUJ]A@N[V@[]@T_@@QEYCDJHX KAYAO^G\A@B	KQIIA@XTXAR<	QVCRBOVPMCCRQ
2NMHQSSIU_NP2
@IBDXWAR^[GIZ<PANISS3YIEXTHAR	[YQSJZC\]@ZNXHFE\_V3 R[VB\ASB	XI@SQ	CNVUOVUSIN_N@ZOV@LFE[QXJ	]UCAUVO\CN]@Z2QQCXJOJ^[GIZOA.
]Y_\RJJ_IT2JAYRI\@]@\WXT3QCQI/QAYH\C^]@MJW^SNKC[QRV^ALTSO[	
j	SXIB[BXJ NMJZOAQLE^UTRJQ_IGHOJNZOASSAUNEROZZBCCIQ2[YQSUNSX\WXT@@nJ^K_@\\NUA	.E[OVSJC@QF_TK\/]^D[YA
	1A^@@BC[_V
OJ_XFI[SSUN]YYYRJC_IT2HAYRI\B@SCOVSH@_IGIOJN_DNUSS[@QPUJWNQIDE[QXJ	]UCAPPNZC\SNLV3IADDF	RV^@IRRO[=QER\^RJBBG/PAYH\C_NLPX\Z=CJQQJQ3	QAC]C\CNLPOVSBDBSCXJNMHSQQ@\_NP2
BIBDXUVO	AYZ@@QPTJWNPLCK[QXJ	^UCAQUITC\SNLC	SXIQYCLXTXAR<	QVCRBOVPMCB]Q
2NMHQSSHZ_NP2
@IBDXWAR^[GIR<PHNISS3YIEXTHAR	[YRPL^C\]@ZNXKJE^_V3 R[VB\ASB	XI@ZQ	CNVUMPQSIN_N@ZOV@N@A[QXJ	]UCAWPK\CN]@Z2QQ CXJOJ^[GIROA.
]Y_\RJB_IT2JAYRI\@]@\WXU3[KQI/QAYH\C^]@MJW]WJAC[_VNVO@UTSUN
A8KQIZCEDF	 UCZRO[ ]]J__WHCCIQ	BNVUKPVQI\Q@SY\NXXA@^CDJHX([VA\]@QER_[RJK_IU;	RV]EISS[UN
A8IQIZCGHX_G\\O&ZSACQ	V7AQQ CDZHXNMHWUSH\C@SBOVZBBF[Q3	RAC]C\@NLY @@JCG^RVNEJQSSIN_N@ZOV@H@A[CVDF	F[YAQJ^C\A@B=IFXHXNVENSS[UN1\JW]PJCCSQ3	PAC]C\BBU_]\S%@AIV3 Q[VB\APBNXKG@RCXJNMKSW[I@Q	V7BQQ CDYHX	[YPQUNEROXTNCCIQ	BNVUMUWSIN_N@YOV@NEG[QXJ3AYH\_NLU_]\SVQ^+ XWA^\GIROA
	1A_@@BC[XJVM]@T3NJAY[	
j	PXIB[AXJRV]BA[TSI@QGERT^UOC_IT2HAYRI\B@SCOV[I_QPWXWR^XFOSSAUNERO^VKEC[_V]NM[QWRO\CN]@Z2QQCXJOJ^[GI[OA.
]Y_\RJK_IT2JAYRI\@]@\WXU3[HQI/QAYH\C^]@MJW]WNGJ[_VNVNHQSSUN
A8KQIZCEDF	 UCZQO[ ]]J__ZNCCIQ	BNVUKP[WI\Q@SY\NXXA@SCDJHX([VA\]@QER_[RJK_IU;	RV]EISS[UN
A8IQIZCGHX_G\\A&RTR[VNP2
AIBDXVVOUCZQWN^C\]@ZNXHF@X CXJ(HNI]AR_EQIZBXJ	_UCAWZH^C\SNLC	PXIQ_BFXTXARRACNGU@P^EDO,PJ^KX\N[YQTI\E@SZ7@@BA[CBDF	&_QV@R^DO^UJCK4GVRX
	<		ANKS^UDO	
QIZ@G]TJAR AY@X@]ANLP%
TBVRUJ]A@N[VJX]@T_@@QA_KDXFVO QAY[^GXIR^KJBIQF\PB]@N@U
&@TWDOXIA\CLDF3AYRK\C\INLP%
T@VRUJ]C@UKTSSA3J[SX	,AFJ^K]@^@UAC]D[BT^KJQQJD^TVO

< ]SX_WYANIM_HX JAYAKYGXARLE AQQAA\PJ]R@NHNINCWZWXO@@nXWB\@UAYK[C\INLQ3QIZCDX\VO

< _SX_W[@@HDC[	,M^F@R	
 <	C@TWX_@@IBCZQC]@@N[VJ[ET^E
,HYF@\@\][[ QVHTB	IQIIFEZTJO\NQ[VQ^DS\WJAN QNJVO\B\\UUA ,]Z]@@QQDDX\VO&
AC]A\ARVE
,H[F@\@\_
UAQTI\F3@SV]O	nHOJ]\GKOAQVBR]WX]@@
CQNYWOYI\@U,ER\\RK_QTF@\AT@U_QVSQ\QX]NNXDFJ^X^B]ZGIAOASLE[_]TJCQG
%	UCRVO[NKPYW]AN4XVRUH]@\Y[[3PTJW]RJ@GACXTO2A]UUCA
=L_NXKCCYQXWC]\DMSSO[LV[Z_UJ_QW%		F[YRSI]_NPJW]SC_QPWXWR_^CASSAUNERO_PNKC[_V]NM[PQWA\CN]@Z2QQ FXJOJ^[GIVOA.
]Y_\RJF_IT2JAYRI\@]@\WXX3SKCQQJQ3	QAC]C\CNLPOVPNKJ^CXJNMHQSZL\_NP2
BIBDXUVO	AYRH\_N@[OV@HJE[CVDF	E[YAQ@ZC\A@B	KQIIJBXTJO\N<NKS[E	NXHDC[_V/UCRQSI\F@SS3XIEXTI\N^@ISV<H]BNKLP%
TAVRUJ]B@NAYKYF^GR^EQIZACZTVO

< ]SX_WYANIEYUVO PAY[^JUCR^KJAIQFQ]H]@N@U]QVSPWUX]NNX_,	OJ]Y[[
AC^D\AWB=QQ ADXTOAR	
 <	B@TWX^NXAD[F+YUHOJN 3\]Y]\PVQAQNZRK[I\\[[QV@PZ VXANE, \RV]GIROA		@TVZANQNJWJ_D\\UUA^SXLWZY\RX_QPUXWR_\EMSSAUN1GNXKF_IXVRVM]@Y@U&NKS\WXX@@R+
CNVFISPUNA[AR[jVY^NXQW; 	^UCRSSK@Q		LU^U^WJC_IAXWA^ZDHSOA
	1A]@@BC[ _VNVFHPOAQLE[]YTJCQG_RVNDIVUSIN_N@YOV@ICF]CVDF3AC]F@S
]ZZ\RO_QC7OJ]^GISVO[	
j	QXIB[@	DFHZ@\Y(HRWACQ	V7AQQ CDZHXNMKTWZM\C@SBOVSHKBY_V3 R[VB\ASB	XIBZ_V_NM[PS[A\CN]@T^@@Q@[	KDXFVO RAY[_CTIR^KJ,
EVRUOARUCQTSIY_NE8	NXKAC[FXJ(JNI]AR]HKJ_[RJF,Z FVRX
	<		ANKS^UDO	
QIY	BC^TJAR AYH^JUERB	,AEJ^K]@]@UNI]@WB	IQIIBFXTJO\NQ[VQ_@P^WJAN QNJWK_@\\UUA ,]YX@@QQDDXQVO&
AC]A\AR[E
,H[F@\@\_
UAQTI\F3@SX]O	nHOJ]\GKOAQVCZVVX]@@
CQNYWKZH\@U,ER\\RK_QTF@\AZ@U_QVSQ_ UX]NNXDFJ^X^AY^GIAOASLE[\YPJCQG
%	UCRVO[NKPYW]AN4XVRUH]@\Y[[3PTJW]RJ@GACXTO2A][UCA
=L_NXKCCYQXWBUY@@SSO[LV[^ZQJ_QW%		F[YRSI]_NPJW]SM_QPWXWR_]OMSSAUNERO_SBGC[_V]NM[PR[M\CN]@Z2QQ FXJOJ^[GIVOA.
]Y_\RJF_IT2JAYRI\@]@\WX\3QNQI/QAYH\C^]@MJW]THGC[QRV^EHTSO[	
j	SXIB[BXJ NMJWOAQLE]_TRJQ_IGHOJNYEASSAUNEROYPBCCIQ2[YRSUNSX\WX\@@nJ^K_@\\FUA	.E[OVSJC@QF_TK_/]^@[YA
	1A^@@BC[_V
OJ_[CHUSSUN]YX^ZNC_IT2HAYRI\B@SCOVSHD_IGIOJN_BIWSS[@QPUJWNQOCG[QXJ	]UCAPVIXC\SNLV3IADDF	RV^@IRQO[=QER\^RJBAG/PAYH\C_NLPX_Z=IJQQJQ3	QAC]C\CNLPOVPKGK[_VNVEOVTSUN
A8KQIZCEDF	 UCPZO[ ]]J[TZJCQG_RVNAA[SS[@QPVJWNTBKC[_V/AYQI@Q@TPX_ZNXA,F@\B\\EOOA
=L^NXKCCXL_VZSJ_F3_O[YA
	1A^@@BC[_V
OJ^\DOSSO[LU][[RVQW; 	]UCRSSH@Q YER^TNXDGJ^X[EZ\G[OA 	C@TQ][\RX_QPUXWRZYAISAO[=TOVPJ_QUQNZSJ_F@N<QV@P^U^ANE, ^RV]GIPO[^D\CT1PJW@R+
BNVFISQO[	SX_UP]\NXTVRVNZH\@U,ER\\RK_QTF@^G@NJNINGPZWJANQNJRHY@\N[[	BNK@XSX]NNX_,	OJ^\[[
AC^D\CTB=QQ ADXVLAR	
 <	B@TWX^NXAD[E+[RXWN	 &
PLVX]^NXIEPVI]@@N[VA_HR^E
,HYF@\@\][[ QVBTB	IQIIJFXTXARQACNFUCR^KJBIQAQVJ]R@N
<	SX\KJ@@AD[EXJ  3[YRQI\AZ]@S=
QNYTJ^@NENSQU&_FNKLP%
TAVRUJ]B@NAYH[A^ARB	XIAX@DDF	&]QV@R^KJ	QQFXJ	_UCAVUI\CN]@T^@@QF]CDJHX HAYALZC\A@B=IFXHXNVENSQUUN1\JW]PJCA]Q3	PAC]C\BBU_]^T%@GIV3 Q[VB\APBNXKEA_CXJNMKQRTI@Q	V7BQQ CDYHX	[YPWUNEROYPBCCIQ	BNVULQ[SIN_N@YOV@OAK[QXJ3AYK\_NLU_]^TVQ^+ XWA^\GKUOA
	1A_@@BC[XJVM]BZ3DJAY[	
j	PXIB[AXJRV]BJSSSUN]Z\_PJ_QW%		F[YRSI]_NPJW_QVQ
][F@ODUZGIAOAPLE\TZRJQ_IGKOJNXNOSSAUN1GNXHC_IXVRVM]BZ@U&NKS\WZ[@@R+
CNVFISPUNA[APXjTZOVXT 7^NMHSSQUN@TS[T\RVQFJ^H]DT\[[3PVJW]RJB_I]XWC^@U_QVSVXWXO@@TAVRFN[D\\UUA]SXLQ\]\@VQX+RV^GUA
[VA[APXE%IBFXTH[\N	 &
QLVX]_VQA\AB7WKOJN 3\]Y]\PVQAQNYWO_@\@U	NI]HT[KJ
4E
UXWA\\FUA	NKQ_E @QQGGZTJO\NQ[VQXBP^EDOZIV\WH]@N@U
&@TWDOXIA\ABDF3AYRK\C^GNLP%
T@VRUJ]C@UKTSQO3@\SX	,AFJ^K]@^@UAC]AZIR^EQIZ	K@XHX
	<		BNKS^VDO I@DDF	D[YAWI\C\SNLC	PXIQ_CDXFVO RAY[XC\ARLE%TQNZTVONMKTSQO@QjOVSHCCY_V3 P[VB\AQEZZ\RK,@^IJ(KNI]AR\E@@BDYCDDF
	UCQPSJ\_NP2
BIBDXUVO	AYPL@QPTJWNWLCC[_V^NM[VUSI\Q@SY\NXXFE[CVDF3AC]C@S
]ZZ\RK_QC7OJ]^GISRO[	
j	QXIB[@	DFHZ@^Y(HUWACQ	V7AQQ CDZHXNMARSTK\C@SBOVPIFF__V3 R[VB\ASB	XIB]_V_NM[WU[A\CN]@T^@@QG]	KDXFVO RAY[XETIR^KJ,
EVRVJARUCQTSKY_NE8	NXKAC[FXJ(JNI]AR]HKJ_[RKA,ZJVRX
	<		ANKS^UDO	
QISBDXTJAR AYKXK]GRB	,AEJ^K]@]@UNI]G[B	IQIIK@PTJO\NQ[VQXIVVWJAN QNJPBYH\\UUA ,]Z]@@QQDDYVVO&
AC]A\AS\E
,H[F@\@\_
UAQTI^E3@[[]O	nHOJ]\GKOAQV@V^T]]\NXTVRWKTDU\[[3PVJW]RJB_I]XWAUY[[	@NK@[_X]\@VQ
]ZF@OEZTGISAO[ _]JXZZJCCIQ2[YQSUNSX\WZ[@@nJ^K_@\^AUA	.E[OVSJC@QF_TH[/]UC[YA
	1A^@@BC[_V
OJ]_OOSSSI@QGER^]TODCG/RAYH\C]]@PNXKJGG^RVNBOW[SIN_N@ZOV@OEGSCVDF	F[YAVOXK\A@B=IFXHXNVENSQUUN1\JW]PJCA]Q3	PAC]C\BBU_]\S%@EIV3 Q[VB\APBNXKKAXCXJNMKPZSI@Q	V7BQQ CDYHX	[YPUUNEROY[HCCIQ	BNVULZQSIN_N@YOV@OJA[QXJ3AYH\_NLU_]\SVQ^+ XWA^\GIROA
	1A_@@BC[XJVM]BZ3F@UAYN
A8HQIZCFDF NVFMPPSI\C@SBOVQHAGX_V3 R[VB\ASB	XIBR_V_NM[VTRK\CN]@T^@@QF\ ADXFVO RAY[YD]CR^KJ,
EVRVJARUCQTSKZ_NE8	NXKAC[EXJ(JNI]AR]HKJ_[RHE,ZBVRX
	<		ANKS^UDO	
QIZBC^]J]\NAC_C[I[^E
,HYF@\@\][[ QV@[_E @QQFA]VJ]R@NKNINDW[WXO@@TBVRFOXE^\G[OA 3PER_\NXIACXVLAR	<
[VB^AR\KJ
4E
WXWA\\DOAQN\AZ.SWERNE, _RV]GIQOANKS\R]]\RVQFJ^I]E\^GUA	.EYOVSJCBGOJ]UGUA_SXL RZ]\RX_QPVXWRYYEISSAUNEROYWHCC[_V/AYQI@Q@TPX_ZNXA,F@\B\\EOOA
=L^NXKCCXL_VZSJ_F3]NJAY[	
j	PXIB[AXJRV]DOQZWI\_NPJW_SIEE[Q3	RAC]C\@NLY @@BJXQ	CNVULURUI\Q@SY_NXXFEZCDJHX HAYALZBZARLE%TQNZTVONMKTSQO@QjOVSHCCY_V3 P[VB\AQEZZ\PL,BRQNF	&^QV@R^KJXIBXCE_TJAR AYJ]C[FRB	,AEJ^K]@]@UNI]HPB	IQIIFL\TJO\NQ[VQYDZZWJAN QNJQOUD\\UUA ,]Z]@@QQDDZRVO&
AC]A\APXE
,H[F@\@\_
UAQTI\F3CR^]O	nHOJ]\GKOAQV@W]R[]\NXTVRWIYC_\[[3PVJW]RJB_I]XWB\\[[	@NK@[SX]\@VQ
]ZF@OETXGISAO[ _]JXTVJCCIQ2[YRVUNSX\WXX@@nJ^K_@\\BUA	.E[OVSJC@QF_TH[/]UO[YA
	1A^@@BC[_V
OJ]XOHRTSI@QGER^^ZIFCG/RAYH\C]]@PNXKJKG^RVNBNTUSIN_N@ZOV@ODD]CVDF	F[YAVN[E\A@B=IFXHXNVENSQUUN1\JW]PJCA]Q3	PAC]C\BBU_]]S%JDIV3 Q[VB\APBNXKDDXCDDF
	UCZZSO\_NP2
BIBDXUVO	AYZN@QPTJWNPOGG[QXJ	^UCAQVMXC\SNLC	SXIQYG@XTXAR<	QVCRBOVPMCBZQ
2NMHQSSH]_NP2
@IBDXWAR^[GHR<ZLNISS3YIEXTHAR	[YRUNUA\ANLE@@JFS	CXJ(HNI]AR_EQIR_V_NM[QW[I\CN]@T^@@QA_	CDXFVO RAY[^GTAR^KJ,
EVRVJARUCQTSH]_NE8	NXKAC[ BXJ(JNI]AR]HKJ_[RJ@,ZDVRX
	<		ANKS^UDO	
QISKFYTJAR AYKX@\FRB	,AEJ^K]@]@UNI]GUB	IQIIDL\TJO\NQ[VQXFZZWJAN QNJPMUD\\UUA ,]Y]@@QQDDXWVO&
AC]A\AR]E
,H[F@\@\_
UAQTI\@3@TX]O	nHOJ]\GKOAQVIV\RX]@@
CQNZPJXE\@U,ER\\RK_QTF@\FZ@U_QVSVY UX]NNXDFJ^XYGY^GIAOASLE\ZYPJCQG
%	UCRSO[NKPYW[AN4XVRUH]@\_[[3PTJW]RJ@GACXTI2AZYUCA
=L_NXKCCYQXWH^ZDKSSO[LU[U\VJ_QW%		F[YRSI]_NPJW]TO_QPWXWRX[EISSAUNEROXUHCC[_V]NM[WTQI\CN]@Z2QQ CXJOJ^[GIPOA.
]Y_\RJ@_IT2JAYRI\@]@\WX^3SLGQQJQ3	QAC]C\CNLPOVZKCDYCXJNMKPVVM\_NP2
BIBDXUVO	AYROX_N@[OV@NEKSCVDF	E[YAWOTK\A@B	KQIIELPTJO\N<NKS^E	NXHDC[_V/UCRQSI\@@SS3XIEXTI\N^@ISP<HZ@NKLP%
TAVRUJ]B@NAYNUF_ER^EQIY@D^TVO

< ]SX_WYANIE^WVO PAY[XEYGR^KJAIQ@^QL]@N@U]QVSVX QX]NNX_,	OJ]\[[
AC^D\AQB=QQ ADXTIAR	
 <	B@TWX^NXAD[@+YRHOJN 3\]Y]\PVQAQN_\J\I\\[[QVCQ^ ^XANE, \RV]GIROA		@TQZANQNJPL_D\\UUA^SXLQZY\RX_QPUXWRXZEMSSAUN1GNXKC_IXVRVM]@_@U&NKS\WX^@@R+
CNVFISPUNA[AR]jV^\NXQW; 	^UCRSSK@Q		LP^X^TJC_IAXWB^TFMSOA
	1A]@@BC[ _VNVFOROAQLE\XUPJCQG_RVNCLZQSIN_N@YOV@NFJYCVDF3AC]C@S
]ZZ\RI_QC7OJ]^GISPO[	
j	QXIB[@	DFHZ@\_(HUSACQ	V7AQQ CDZHXNMNVSVL\C@SBOVPHFD[_V3 R[VB\ASB	XIB]_V_NM[WVUI\CN]@T^@@QG^CDXFVO RAY[XFZAR^KJ,
EVRUJARUCQTSI__NE8	NXKAC[@XJ(JNI]AR]HKJ_[RKB,RQNF	&^QV@R^KJXIB^	KCXTVO AYZK[F\]@S=
 QNYTJ\\N ACU@@SY^NXXAGZCDJHX KAYAKXBZARLE BQQA@YRJ]R@N
<	SX\KJ@@AD[ BXJ  3[YRQI\B]]@S=
QNYTJ^@NENSSP&]EUSX	,AFJ^K]@^@UACTJ]AR^KJQQGLYRJAR	
 <	@@TWX\@@]QNYRCARPACNGTEZ^EDOYIV\\NU@\N[[	BNK@ZSP]\@VQX+RV]GUA
[VA[AR]E%IBFXTJ^\N	 &
QLVX]_VQA\CG7ULURVU,ER\\RH_QIVR\MYDU\GUA	NKPZ QY]@@R+
ANVFISRO[ LV^U@@T@VRFNUAZ\G[OA 	C@TSP\ZRJQ_IGKOJNXOHUSS[@Q j		@@BCGJ^HZ@\_[[	3SX_WX]_NXT 7_NMHSSP@Q^FR^ 8_]NXQW; 	^UCRSSK@Q		LPPZ\RJ_Q^F@[@_]GUA	.EYOVSJCBGOJ[\[[	@NK@__X]\@VQ
]ZF@OAZTGISAO[ _]J\ZZJCCIQ2[YRVUNSX\WXX@@nJ^K_@\\BUA	.E[OVSJC@QF_TJX/[]UCA
=L_NXKCCYQXWH]XGISOA		@TV]T\NXT 7]NMHSSRUN	]_\@@T@VRFKZA^\G[OA 	C@TV_\^RJQ_IGKOJN]@HQSS[@Q j		@@BFGJ^HZ@\Y[[	3SX_WX]YNXT 7_NMHSSP@Q^FR^ 8__NXQW; 	^UCRSSK@Q		L_\\[RJ_Q^F@[BTTGUA	.EYOVSJCBGOJ[^[[	@NK@_S\]\@VQ
]ZF@OA[XCISAO[ _]J\[VNCCIQ2[YRVUNSX\WXX@@nJ^K_@\\BUA	.E[OVSJC@QF_TJX/[_UCA
=L_NXKCCYQXWH[\GISOA		@TSYU\NXT 7]NMHSSRUN	]_^@@T@VRFKZGZ\G[OA 	C@TV_ZZRJQ_IGKOJN]@NUSS[@Q j		@@BFGJ^HZ@\Y[[	3SX_WX]YNXT 7_NMHSSP@Q^FR^ 8_YNXQW; 	^UCRSSK@Q		L_QT\RJ_Q^F@[EXUGUA	.EYOVSJCBGOJ[X[[	@NK@_WP]\@VQ
]ZF@OAT\OISAO[ _]J\TRBCCIQ2[YRVUNSX\WXX@@nJ^K_@\\BUA	.E[OVSJC@QF_TJX/[YUCA
=L_NXKCCYQXWI^TAISOA		@TQP\\NXT 7]NMHSSRUN	]_X@@T@VRFKUD\\G[OA 	C@TVPY\RJQ_IGKOJN]OMSSS[@Q j		@@BFGJ^HZ@\Y[[	3SX_WX]YNXT 7_NMHSSP@Q^FR^ 8_[NXQW; 	^UCRSSK@Q		L^]UURJ_Q^F@[H]YGUA	.EYOVSJCBGOJ[Z[[	@NK@_PZ]\@VQ
]ZF@OAT[EISAO[ _]J\TUHCCIQ2[YRVUNSX\WXX@@nJ^K_@\\BUA	.E[OVSJC@QF_TJX/[[UCA
=L_NXKCCYQXWITUNISOA		@T^]]\NXT 7]NMHSSRUN	]_Z@@T@VRFKT@X\G[OA 	C@TVQ]XRJQ_IGKOJN]NIWSS[@Q j		@@BFGJ^HZ@\Y[[	3SX_WX]YNXT 7_NMHSSP@Q^FR^ 8_UNXQW; 	^UCRSSK@Q		LVX_]WJC_IAXWG\TAIOA
=L\NXKCCZQRV[OUA_SXL^[[\RX_QPVXWR]UDOSSAUNERO][IEC[_V/AYRL@Q@TPX]YNXA,F@\B\\GLOA
=L^NXKCCXL_VZSJ]E3[N[YA
	1A^@@BC[_V
OJ]\BJ[SSUN]__^QJ_QW%		F[YRSI]_NPJW[[VQ
][F@OAUZOISAO[ \]J\UTBCCIQ	ANVUHZU[I\Q@S\	7QIZ_V XWB[\GLOA3LVZ]\RO_QW%		D[YRSI_@SPYVY2URXIIT2KAYRI\A@SEER\XTJBC[QRVTOHVSO[	
j	SXIB[BXJ NM@SOAQLEZ^^RJCQG_RVNEJQSSIN_N@YOV@H@A[CVDF3AC^C@S
]ZZ\SK_QC7OJ]^GIRRO[	
j	QXIB[@	DFHZ@]^(HT[ACQ	V7AQQ CDZHXNMHSVSMTC\]@ZNXHDB\CXJ(HNI]AR_EQIZKXJ	_UCAVRJZC\SNLC	PXIQ^ @BXTXARRACNF]BT^EDO,PJ^H]\N[YQTI]A@SZ7@@BA[BFDF	&_QV@R^DO^UJBA4 DMJ^O

< ^SX_WZANQQ CBQPN]@@N[VA[EV[KJ
4E
UXWA\\FUA	NKSYKJ@IQAYRB]@N@U^QVSW__X]NNXDEJ^XXAZTGIAOA.AJW^RVQIF_TK_\N<
NI]CR^UDO	nIOJ]\GJOAK[C\@=_^JW@R+
BNVFISQO[	SXXU]^\RVQFJ^KTI[[GUA	.EYOVSJCBGOJ]XNUA_SXLUXU\RX_QPVXWRX^GASSAUNEROXPJKC[_V/AYRI@Q@TPX]]NXA,F@\B\\GHOA
=L^NXKCCXL_VZSJ]A3]CAAY[	
j	PXIB[AXJRVYNIQ[SI@QGER\UUOCCG/RAYH\C]]@PNXKGKG^RVNCHTUSIN_N@ZOV@NBD]CVDF	F[YAWH[E\A@B=IEXHXNVENSSRUN1\JW]PJCCZQ3	PAC]C\BBU_]\S%BG\IJ(KNI]AR\E@@FDSADXHX	[YRZL^G\]@S=
 QNYTJ\\N AC]G[]@T_@@QGZGDXFVO QAY[XBXER^KJBIQ@YPN]@N@U
&@TWDOXIA\CEDF3AYRK\C\@NLP%
T@VRUJ]C@UKTSSH3BXG@TNE
,HZF@\@\^[[[VFZGQZWDOIBMZ]C]\N	 &
SLVX]]NXTVRUN[\NP[VQX@S\WJANQNJPK\B\\UUA]SXLVY_\RX_Q^7NVFIOA
NI^FR^KJ	
,IEZTJ]A@N 3]]Y]\Q_QYCDY;KYENV[3PUJW]RJA_ITJ^OXDZYGIOASX_W_[\NXT 7]NMHSSRUN	]YYYNXDGJ^XY@T\GIAOAPLE\]TRJCQG\RVNCI[SSIN_N[8XIB[QF@_G\\FUA,@TUX]\SVQW; 	_UCRSSJ_NCU^V7\XVXIIT2KAYRI\A@SEERXXQKGC[QRV]OAVWSUN
A8KQIZCEDF	 UCRWWUNEROXRNKC[_V^NM[WSWA\CN]@T]@@QG[KDXFVO&NI]ANL\JW^UJCBG%NVFKSSSH@Q	V7@QQ CD[VOB[\GH<RWJNISS3YIEXTHAR	[YVPHTA\ANLE@@BK]@DDF	&]QV@R^KJ	QQ GGDF	D[YAWI]E\A@B	HQIICE^TJO\NR[VQXASXWJAN4C F@\@@NAYQN\C]]@
G2XIBYCDYHX
	<		@NKS^TANPMCCZnB@ZF@R	
 <	C@TWX_@@IFFXRB]@@N[VBTESZKJ
4E
UXWA\\FUA	NKSZKJ@IQGQ\N]@N@U^QVSQWSX]NNXDEJ^X^ITXGIAOA.AJW]RVQIF_TJ\\N<
NI]CR^VDO	nIOJ]\GJOAK[C\@=_VJW@R+
BNVFISQO[	SX[^__\RVQFJ^KUAUZGUA	.EYOVSJCBGOJ]XFUA_SXL^]_\RX_QPVXWR_UBKSSAUNERO_[OAC[_V/AYRI@Q@TPX]]NXA,F@\B\\GHOA
=L^NXKCCXL_VZSJ]A3]CIAY[	
j	PXIB[AXJRVXNAZVSI@QGER\[[MJCG/RAYH\C]]@PNXKGCG^RVND@QSSIN_N@ZOV@IJA[CVDF	F[YAP@^C\A@B=IEXHXNVENSSRUN1\JW]PJCCZQ3	PAC]C\BBU_]]P%BDYIJ(KNI]AR\E@@JGZFDXHX	[YQVLUC\]@S=
 QNYTJ\\N AC]D^]@T_@@QGRGDXFVO QAY[XJXER^KJBIQ@QPN]@N@U
&@TWDOXIA\BFDF3AYRK\C]CNLP%
T@VRUJ]C@UKTSRK3B[B@TNE
,HZF@\@\^[[[VJYHV\WDOIAAPQK]\N	 &
SLVX]]NXTVRUM^\NP[VQXHUXWJANQNJPCZF\\UUA]SXL^_[\RX_Q^7NVEIOA
NI^FR_KJ	
,IEZTJ\B@N 3]]Y]\Q_QYCEY;CURVU,ER\\RH_QIVRUB_B^\GUA	NKS^Q_]@@R+
ANVFISRO[ L^PANQNJVOZF\\UUA^SXLR_[\RX_QPUXWR^Y@OSSAUN1GNXHC_IXVRVM]A]@U&NKS\WY\@@R+
CNVFISPUNA[AS]jVYTNXQW; 	^UCRSSK@Q		LTY]_VJC_IAXWA_[DNSOA
	1A]@@BC[ _VNVFHZOAQLE[_XZJCQG_RVNDKW[SIN_N@YOV@IAGSCVDF3AC^C@S
]ZZ\SI_QC7OJ]^GIRPO[	
j	QXIB[@	DFHZ@]_(HR[ACQ	V7AQQ CDZHXNMJSPSI\C@SBOVSIFGR_V3 R[VB\ASB	XIBZ	_V_NM[PQRO\CN]@T^@@Q@Y EDXFVO RAY[_A]GR^KJ,
EVRVJARUCQTSH__NE8	NXKAC[ @XJ(JNI]AR]HKJ_[RKA,ZJVRX
	<		ANKS^UDO	
QIYAC_TJAR AYH]J]HRB	,AEJ^K]@]@UNI]A[B	IQIIJFPTJO\NQ[VQ^HPVWJAN QNJVC_H\\UUA ,]Z]@@QQDDYVVO&
AC]A\AS\E
,H[F@\@\_
UAQTI]A3@RV]O	nHOJ]\GKOAQVCQXVX]@@
CQNYUMYD\@U,ER\\RK_QTF@\@T@U_QVSPVQX]NNXDFJ^X_HUZGIAOASLEZUUTJCQG
%	UCQSO[NKPYVZAN4XVRUH]@]^[[3PTJW]RJ@GACXUL2A[TUCA
=L_NXKCCYQXWA\YGM[SSUN]ZZ]ULC_IT2HAYRI\B@SCOVSMK_IGIOJNYFJUSS[@QPUJWNWK@E[QXJ	]UCAVRJZC\SNLV3IADDF	RV^@IRUO[=QER\^RJBEG/PAYH\C_NLPX\Z=KDJIV3 Q[VB\APBNXKCERGDXHX	[YQTMXF\]@S=
 QNYTJ\\N AC]DU]@T_@@QFZKDXFVO QAY[YBZIR^KJBIQAYRB]@N@U
&@TWDOXIA\BBDF3AYRK\C]GNLP%
T@VRUJ]C@UKTSRO3B[G@TNE
,HZF@\@\^[[[VB\@Q]WXANIF^RN_@@N 3_]Y]\SVQGJ^KZF@NJNINDRYWXO@@TAVRFO]G^\G[OA 	@@TRXZ^RJQ_IR;	NMKSOAQVCU^QDO,UQNYVJ]AZ@U,ER\\RI_IDDYR%\G[NMA	.EZOVSJCAGF@\@_]@NSSO[LU^T\ZJ_QW%		F[YRSI]_NPJW]UM_QPWXWRY]GMSSAUNEROYSJGC[_V]NM[VRSM\CN]@Z2QQCXJOJ^[GHUOA.
]Y_\RKE_IT2JAYRI\@]@\WY[3SMGQQJQ3	QAC]C\CNLPOV[MDB_CXJNMKURRJ\_NP2
BIBDXUVO	AYRNX_N@[OV@OCCSCVDF	E[YAVI\K\A@B	KQIICDPTJO\N<NKP^E	NXHDCZ_V/UCRQSI]E@SS3XIEXTI\N^@IRU<H[FNKLP%
TAVRUJ]B@NAY@UF]AR^EQIY@C_TVO

< ]SX_WYANIE_QVO PAY[YCXAR^KJAIQAXPJ]@N@U]QVSW^WX]NNX_,	OJ^\[[
AC^D\@TB=QQ ADXULAR	
 <	B@TWX^NXAD[ E+YSHOJN 3\]Y]\PVQAQNQPKTE\\[[QVCW[WXANE, \RV]GIROA		@TPZANQNJPCYD\\UUA^SXL^\Y\RX_QPUXWRXUCMSSAUN1GNXHC_IXVRVM]AZ@U&NKS\WY[@@R+
CNVFISPUNA[ASXjV_^NXQW; 	^UCRSSK@Q		L^]TXPJC_IAXWBYTBHSOA
	1A]@@BC[ _VNVFNPOAQLE\T[TJCQG_RVNC@TUSIN_N@YOV@NJD]CVDF3AC^C@S
]ZZ\SL_QC7OJ]^GIRUO[	
j	QXIB[@	DFHZ@]Z(HTSACQ	V7AQQ CDZHXNM@STTM\C@SBOVPOCDX_V3 R[VB\ASB	XIB\_V_NM[W[[I\CN]@T^@@QGS	CDXFVO RAY[XKTAR^KJ,
EVRVJARUCQTSHZ_NE8	NXKAC[ EXJ(JNI]AR]HKJ_[RKE,ZBVRX
	<		ANKS^UDO	
QIRGCZTJAR AYKY@_@RB	,AEJ^K]@]@UNI]FSB	IQIIJEZTJO\NQ[VQXHS\WJAN QNJPC\B\\UUA ,]Z]@@QQDDYRVO&
AC]A\ASXE
,H[F@\@\_
UAQTI\G3DSLJ
4E
VXWA\\EUA	NI_IRYWDOI@L[VJAR	
 <	@@TWX\@@]QN]UVO PAY[]C[CR^KJAIQEXSH]@N@U]QVSS^UX]NNX_,	OJ]\[[
AC^D\AVB=QQ ADXTNAR	
 <	B@TWX^NXAD[G+]TXWN	 &
PLVX]^NXIG^PO]@@N[V@[CZ^E
,HYF@\@\][[ QVDRB	IQII C@XTJO\NQ[VQ]AV^WJAN QNJUJY@\\UUA ,]Y]@@QQDDXPVO&
AC]A\ARZE
,H[F@\@\_
UAQTI\G3DQLJ
4E
VXWA\\EUA	NIX@VXWDOIGD\WJAR	
 <	@@TWX\@@]QN]WVO PAY[]B_GR^KJAIQEYWL]@N@U]QVSS_QX]NNX_,	OJ]\[[
AC^D\AVB=QQ ADXTNAR	
 <	B@TWX^NXAD[G+]VXWN	 &
PLVX]^NXIGQSN]@@N[V@UBU^E
,HYF@\@\][[ QVDPB	IQII BD\TJO\NQ[VQ]@RZWJAN QNJUK]D\\UUA ,]Y]@@QQDDXPVO&
AC]A\ARZE
,H[F@\@\_
UAQTI\G3DWLJ
4E
VXWA\\EUA	NIXDR[WDOIGF^TJAR	
 <	@@TWX\@@]QN]QVO PAY[]A\AR^KJAIQEZTJ]@N@U]QVSS\WX]NNX_,	OJ]\[[
AC^D\AVB=QQ ADXTNAR	
 <	B@TWX^NXAD[G+]PXWN	 &
PLVX]^NXI@[VI]@@N[VG]DS^E
,HYF@\@\][[ QVDVB	IQII BBPTJO\NQ[VQ]@TVWJAN QNJUK[H\\UUA ,]Y]@@QQDDXPVO&
AC]A\ARZE
,H[F@\@\_
UAQTI\G3DULJ
4E
VXWA\\EUA	NIXIZZWDOIG@PUJAR	
 <	@@TWX\@@]QN]SVO PAY[]AZER^KJAIQEZRN]@N@U]QVSS\SX]NNX_,	OJ]\[[
AC^D\AVB=QQ ADXTNAR	
 <	B@TWX^NXAD[G+]RXWN	 &
PLVX]^NXI@^]H]@@N[VG_FR^E
,HYF@\@\][[ QVDTB	IQII AGZTJO\NQ[VQ]CQ\WJAN QNJUH^B\\UUA ,]Y]@@QQDDXPVO&
AC]A\ARZE
,H[F@\@\_
UAQTI\G3D[LJ
4E
VXWA\\EUA	NIYCZ]WDOIGCXRJAR	
 <	@@TWX\@@]QN]]VO PAY[]@^IR^KJAIQE[VB]@N@U]QVSS]_X]NNX_,	OJ]\[[
AC^D\AVB=QQ ADXTNAR	
 <	B@TWX^NXAD[G+]\XWN	 &
PLVX]^NXIAX\K]@@N[VGYHQ^E
,HYF@\@\][[ QVDZB	IQII AM^TJO\NQ[VQ]C[XWJAN QNJUHTF\\UUA ,]Y]@@QQDDXPVO&
AC]A\ARZE
,H[F@\@\_
UAQTI\B3@ZLJ
4E
VXWA\\EUA	NIXI[^KJQQJ@XHX
	<		BNKS^VDO IBLDF	D[YAQITC\SNLC	PXIQYKDXFVO RAY[^CTARLE%TQNYTVONMKTSSH@QjOVSHCC[ _V3 P[VB\AQEZZ\RK,BRIJ(KNI]AR\E@@F@RCXJNMHSUQI@Q	V7BQQ CDYHX	[YRZUNERO^PNCCIQ	BNVUKQWSIN_N@YOV@HAG[QXJ3AYH\_NLU_]\SVQ^+ XWA^\GIROA
	1A_@@BC[XJVM]@]3FOAY[	
j	PXIB[AXJRV_NLSSO[L_^\\NXT 7]NMHSSRUN	]Y[@@T@VRFKZF\\UUA^SXLP^]\@VQ
]YF@OA[ZGIAOA.AJW]RVQIF_TJ\\N<
NI]CR^VDO	nIOJ]\GJOAK[C\@=_ERNE, _RV]GIQOANKVZWXANIMZSJAR	
 <	@@TWX\@@]QNYSVO PAY[]J^ARLE AQQBMZTJO\NR[VQ]HP^EDO,PJ^K]\N[YQTI\B@SZ7@@BA[CEDF	&_QV@R^DO^UJCB4 GVRX
	<		ANKS^UDO	
QIX CDXHX	[YTPK\_NP2
BIBDXUVO	AYRM@QPTJWNSNGC[_V^NM[RWWI\Q@SY\NXXBG_CVDF3AC]C@S
]ZZ\RK_QC7OJ]^GISRO[	
j	QXIB[@	DFHZ@\](HVAYN
A8HQIZCFDF NVDLRSSUN]_TZRVQW; 	]UCRSSH@Q YER\YNXDGJ^X\F\\G[OA 	C@TV^]\RX_QPUXWR]ZGISAO[=TOVSJ_QUQNZSJ]A@N<QV@P^WYANE, ^RV]GIPO[^D\AS1UJW@R+
BNVFISQO[	SX\SX]@@
CQN^TM]\N	 &
SLVX]]NXTVRUHARPACNB]CR^KJAIQEYVJ]R@NHNIN@S\WJAN4C F@\@@NAYQN\C]]@
G2XIBYCDYHX
	<		@NKS^TANPMCCZnBGJ^O

< ^SX_WZANQQDEXTVO AYUOUC@SS3ZIEXTKAR 	AYH__N@[OV@KAK[QXJ	^UCARQA\CN]@T]@@QBY	CDJHX([VB\]@QER_[RJB_IU;	RV]EISSRUN
A8IQIZCGHX_G\\F&RSACQ	V7AQQ CDZHXNMHUUSI@QGERYTTJ_QW%		F[YRSI]_NPJW]RVQ
][F@OH\\G[OA 	C@T_X]\@VQ
]YF@OH\\G[OA 3PER\\NXIACXTKAR	<
[VB^AR^KJ
4E
WXWA\\DOAQN\C].S_]O	nHOJ]\GKOAQV@[WWDOIF@^TVO

< ]SX_WYANIEYHX JAYA@ZC\SNLC	PXIQRCDJHX HAYA@ZC\SNLV3IBDDF	RV^@ISRO[=QER\^RJCBG/PAYH\C_NLPX_Z=KJDIV3 Q[VB\APBNXKGF]GDXHX	[YPQL_K\]@S=
 QNYTJ\\N AC]J[]@T_@@QF\GDXFVO QAY[YDXER^KJBIQA_PN]@N@U
&@TWDOXIA\ABDF3AYRK\C^GNLP%
T@VRUJ]C@UKTSRJ3B[H@TNE
,HZF@\@\^[[[VB\G[ZWXANIF_PNX@@N 3_]Y]\SVQGJ^KZI@NJNINDSXWXO@@TAVRFO\FT\G[OA 	@@TRY[TRJQ_IR;	NMKSOAQVCU^TDO,UQNYVJ]A_@U,ER\\RI_IDDX]%\ITNMA	.EZOVSJCAGF@\DT]FNSSO[LTZU_WJ_QW%		F[YRSI]_NPJW][B_QPWXWRY[@OSSAUNEROYUMEC[_V]NM[VTTO\CN]@Z2QQCXJOJ^[GIZOA.
]Y_\RJJ_IT2JAYRI\@]@\WXT3SCJQQJQ3	QAC]C\CNLPOVSOCF\CDDF
	UCPPRJ_C@SS3ZIEXTKAR 	AYHUJ@SY^NXXFK[	CDJHX KAYALTCTARLE BQQFLX\J]R@N
<	SX\KJ@@AD[JXJ  3[YRQI\CU]@S=
QNYTJ^@NENSSZ&]JXSX	,AFJ^K]@^@UAC]@TGR^WDOI@E^QM]\N	 &
SLVX]]NXTVRUCY\NP[VQYGVVWJANQNJQLYH\\UUA]SXL Q\U\RX_Q^7NVEIOA
NI^FR^KJ	
,IEZTJ]I@N 3]]Y]\Q_QYCDQ;KTENV[3PUJW]RJA_ITJ^KY@U_BISOA		@TVQYURVQW; 	]UCRSSH@Q YER\UWVQ
][F@OEZTGISAO[ \]JXZZJCCIQ	ANVULU[SI\Q@S\	7QIY_V XWB[\G@OA3LVZ]\RC_QW%		D[YRSI_@SPYWQ2][LQI/QAYH\C^]@MJW]VI@C[CXJNMJQQWJ\_NP2
BIBDXUVO	AYR@Z_N@[OV@ODBYCVDF	E[YAVN]A\A@B	KQIIDEZTJO\N<NKP^E	NXHDC[_V/UCRQSI\J@SS3XIEXTI\N^@ISZ<HUDNKLP%
TAVRUJ]B@NAYHXFZHV^KJQQAA[\JAR	
 <	@@TWX\@@]QNY]MARPACNF[EV^EDOYIV]SNY@\N[[	BNK@[S\]\@VQX+RV^GUA
[VA[ARWE%IBFXTJT\N	 &
QLVX]_VQA\CM7UC]RVU,ER\\RH_QIVRUHTEY\GIOASX]RX_\NXT 7]NMHSSRUN	]YT\NXDGJ^XXE^\GIAOAPLE]X^RJCQG\RVNBLQSSIN_N[8XIA[QF@_G\\NUA,@TUX]\[VQW; 	_UCRSSJ_NCU^^7\USXIIT2KAYRI\A@SEER\_SMEJ[_VNVDIT[ZI@Q	V7BQQ CDYHX	[YRZH@QPTJWNWOFA[QXJ	^UCAVVL^C\SNLC	SXIQ^FFXTXAR<	QVCRBOVPMCCRQ
2NMHQSSIU_NP2
@IBDXWAR^[GIZ<R@^QV
@S=
QNYTJ_\N		AYRJXC]FR^EQIX CC_TVO

< ]SX_WYANIEQVVO PAY[YFTER^KJAIQA]\N]@N@U]QVSW[SX]NNX_,	OJ^\[[
AC^D\A[B=QQ ADXTCAR	
 <	B@TWX^NXAD[J+Y]IOJN 3\]Y]\PVQAQNYWL_IX\GUA	NKQ_Q^]@@R+
ANVFISRO[ LVQ^@@T@VRFO[AZ\G[OA 	C@TR^\ZRJQ_IGKOJNYAHUSS[@Q j		@@ACGJ^HZ@\U[[	3SX_WX]UNXT 7_NMHSSP@Q^FR\ 8ZTNXQW; 	^UCRSSK@Q		LVYUTRJ_Q^F@\H\XGUA	.EYOVSJCBGOJ^U[[	@NK@]SX]NNXDFJ^X^HX\G[OA 	@@TTPY\RX_Q^7NVEIOA
NI^FR\ KJ	
,IEZTJ_E@N 3]]Y]\Q_QYCF];HURVU,ER\\RH_QIVRUK\@\\[[QV@U\ WDO	nKOJ]\GHOA SX\KJ@IQG^\J]R@NKNINBTVWJAN QNJWLU@\N[[ 
3LUXANQIYCF]HX	(AYH^C\CWB	,AGJ^K]@_[[QTSKY,^@@TNE
,HZF@\@\^[[[VEXGR^EQIZCEXHX
	<		BNKS^VDO IAEDF	D[YAQLZC\SNLC	PXIQYEDXFVO RAY[^FZARLE%TQNZTVONMKTSQL@QjOVSHCCY_V3 P[VB\AQEZZ\PL,BRQNF	&^QV@R^KJXIB^FCXTJAR AYJ_B_BRB	,AEJ^K]@]@UNI]H[B	IQIIKDPTJO\NQ[VQYIRVWJAN QNJQB]H\\UUA ,]Z]@@QQDDZRVO&
AC]A\APXE
,H[F@\@\_
UAQTI^F3CQLJ
4E
VXWA\\EUA	NI[GW^KJQQ @@]TVO

< ]SX_WYANIF[HX JAYAKTK\A@B	HQIIKLXTXARRACNATIR^KJ,
EVRVJARUCQTSKY_NE8	NXKAC[FXJ(JNI]AR]HKJ_[RHF,YQNF	&^QV@R^KJXID[CDDF
	UCRQTK\_NP2
BIBDXUVO	AYQK@QPTJWNPMAC[_V^NM[QTQI\Q@SY\NXXADYCVDF3AC^C@S
]ZZ\PO_QC7OJ]^GIQVO[	
j	QXIB[@	DFHZ@^Y(KVAYN
A8HQIZCFDF NVO@WSSUN]YYUVJ_QW%		F[YRSI]_NPJW^WVQ
][F@OC^\GIAOAPLE[_\RJQ_IGKOJN_EISSAUN1GNXHC_IXVRVM]BY@U&NKS\WZX@@R+
CNVFISPUNA[AP[jU\OVXT 7^NMHSSQUN@TUP]\NXTVRUN\I\@U,ER\\RK_QTF@_D@NJNINBRZWJANQNJWJY@\N[[	BNK@]SX]NNX_,	OJ^\[[
AC^D\CWB=QQ ADXVOAR	
 <	B@TWX^NXAD[F+ZSXWN	 &
PLVX]^NXIEXWO]@@N[VBZEU^E
,HYF@\@\][[ QVCUB	IQIIFFXTXARQACN@YCR^KJBIQG]VJ]R@N
<	SX\KJ@@AD[FXJ  3[YRQI\AY]@S=
QNYTJ^@NENSQV&^ENKLP%
TAVRUJ]B@NAY@Z@\ANLE@@BF\CXJ(HNI]AR_EQIY_V_NM[PPUI\Q@SY_NXX@@]CVDF	F[YAPJZC\SNLV3IADDF	RV^@IQVO[=QER\^RJAFG/PAYH\C_NLPX\Z=CAQQJQ3	QAC]C\CNLPOVSOGGRCXJNM@RQSI@Q	V7BQQ CDYHX	[YZQUNERO^QBGC[_V^NM[QP[M\CN]@T]@@QAX	GDXFVO&NI^ANL\JW^UJBEG%NVFKSSRO@Q	V7@QQ CD[VOB[\GN<RU@NISS3YIEXTHAR	[Y[ZH\C\ANLE@@AGS EDDF	&]QV@R^KJ	QQ EMDF	D[YAWAXK\A@B	HQIIK@PTJO\NR[VQXIVVWJAN4C F@_@@NAYQN\C[]@
G2XIBYCD_HX
	<		@NKS^TANPMCC\nBBPF@R	
 <	C@TWX_@@IKC\PC]@@N[VAXDT_KJ
4E
UXWA\\FUA	NKSXKJ@IQ@PUL]@N@U^QVSVVQX]NNXDEJ^XYH]ZGIAOA.AJW^RVQIF_TJZ\N<
NI]CR^PDO	nIOJ]\GJOAK[C\F=_TJW@R+
BNVFISQO[	SXYR[Y\RVQFJ^H^C\ZGUA	.EYOVSJCBGOJ]ZDUA_SXLQ][\RX_QPVXWRXZBOSSAUNEROXTOEC[_V/AYQI@Q@TPX][NXA,F@\B\\GNOA
=L^NXKCCXL_VZSJ]G3]AKAY[	
j	PXIB[AXJRV[OIRZSI@QGER__ROJCG/RAYH\C]]@PNXKEAG^RVNCOQWSIN_N@ZOV@NEA_CVDF	F[YAWO^G\A@B=IFXHXNVENSSTUN1\JW]PJCC\Q3	PAC]C\BBU_]\U%BEZIJ(KNI]AR\E@@DE^EDXHX	[YQQA]G\]@S=
 QNYTJ\\N AC]E]]@T_@@QG^ADXFVO QAY[XFUCR^KJBIQ@]]H]@N@U
&@TWDOXIA\CCDF3AYRK\C\FNLP%
T@VRUJ]C@UKTSSN3BZA@TNE
,HZF@\@\^[[[VDYAW[WDOIAF]SJ]\N	 &
SLVX]]NXTVRUL]\NP[VQXDT^WJANQNJPO[@\\UUA]SXLR^]\RX_Q^7NVEIOA
NI^FR^KJ	
,IEZTJ]G@N 3]]Y]\Q_QYCD_;K[GNV[3PUJW]RJA_ITJ^BXH^]GIOASX\TXZ\NXT 7]NMHSSRUN	]Y[[NXDGJ^XYGTXGIAOAPLE\ZTVJCQG\RVNCN[WSIN_N[8XIA[QF@_G\\@UA,@TUX]\UVQW; 	_UCRSSJ_NCU^P7\ZTXIIT2KAYRI\A@SEERUXPKFC[QRV^CIVVSUN
A8KQIZCEDF	 UCRUUUNEROXUOAC[_V^NM[WTVK\CN]@T]@@QG\ADXFVO&NI^ANL\JW^UJCDG%NVFKSSSN@Q	V7@QQ CD[VOB[\GN<RULNISS3YIEXTHAR	[Y[QO_A\ANLE@@A@SGDDF	&]QV@R^KJ	QQ EADF	D[YAWN^C\A@B	HQIIDFXTJO\NR[VQXFP^WJAN4C F@_@@NAYQN\C[]@
G2XIBYCD_HX
	<		@NKS^TANPMCC\nBB\F@R	
 <	C@TWX_@@IKEXSH]@@N[VA_DWZKJ
4E
UXWA\\FUA	NKSXKJ@IQ@^\B]@N@U^QVSVX_X]NNXDEJ^XYFTTGIAOA.AJW^RVQIF_TJZ\N<
NI]CR^PDO	nIOJ]\GJOAK[C]C=\ERNE, _RV]GIQOANKS__X]@@
CQNY\JY@@N 3_]Y]\SVQGJ^HT\NP[VQ_IV^EDOYIV[\N]@N@U]QVSQVWXO@@nXWB\@UAYK[C]CNLQ3QIZCDYVVO

< _SX_W[@@HDC[,E[WXWN	 &
PLVX]^NXI@Z\I_@\@U	NI]GW^WDO	nKOJ]\GHOA SX_TDOXIV[RC[@\N[[	ANK@]^^]\@VQ
]YF@OCZUAISAO[=TOVSJ_QUQNZSJ]B@N<QV@P^WZANE, ^RV]GIPO[^D\AP1TZOVXT 7^NMHSSQUN@TVPUURJ_Q^F@\F^UCIOA
=L\NXKCCZQRV]DKOA 	B@TT^[XRJQ_IGHOJN_AOWSS[@QPVJWNQLEG[QXJ3AYH\_NLU_]\PVQ^+ XWA^\GIQOA
	1A_@@BC[XJVM]AZ3NJAY[	
j	PXIB[AXJRV]BA[TSI@QGERT^UOC_IT2HAYRI\B@SCOV[I_QPWXWR^XFOSSAUNERO^VKEC[_V]NM[QWRO\CN]@Z2QQCXJOJ^[GHUOA.
]Y_\RKE_IT2JAYRI\@]@\WX[3SNGQQJQ3	QAC]C\CNLPOVWN@B_CXJNMH[[VM\_NP2
BIBDXUVO	AYRMX_N@[OV@NCGSCVDF	E[YAWIXK\A@B	KQIIC@PTJO\N<NKS[E	NXHDC[_V/UCRQSI\E@SS3XIEXTI\N^@ISU<HXFNKLP%
TAVRUJ]B@NAYLYGZDR^EQIZCC^TVO

< ]SX_WYANIE\QVO PAY[XCTAR^KJAIQ@X\J]@N@U]QVSV^WX]NNX_,	OJ]Y[[
AC^D\ATB=QQ ADXTLAR	
 <	B@TWX^NXAD[E+YPLOJN 3\]Y]\PVQAQN]RL^D\\[[QV@[\^XANE, \RV]GIROA		@TS^ANQNJPK\B\\UUA^SXLVY_\RX_QPUXWRX]FKSSAUN1GNXKF_IXVRVM]@Z@U&NKS\WX[@@R+
CNVFISPUNA[ARXjV\ZNXQW; 	^UCRSSK@Q		LR_U^PJC_IAXWAUYEMSOA
	1A]@@BC[ _VNVFMTOAQLE\\XVJCQG_RVNCHWWSIN_N@YOV@NBG_CVDF3AC]F@S
]ZZ\RL_QC7OJ]^GISUO[	
j	QXIB[@	DFHZ@\Z(HWSACQ	V7AQQ CDZHXNMMZ[ZL\C@SBOVSMJDR_V3 R[VB\ASB	XIB__V_NM[PZQI\CN]@T^@@Q@RCDXFVO RAY[_J^AR^KJ,
EVRUOARUCQTSIZ_NE8	NXKAC[EXJ(JNI]AR]HKJ_[RJE,ZBVRX
	<		ANKS^UDO	
QI^JCZTJAR AYHTBUGRB	,AEJ^K]@]@UNI]ESB	IQIIJAZTJO\NQ[VQ_HW\WJAN QNJWCXB\\UUA ,]YX@@QQDDXRVO&
AC]A\ARXE
,H[F@\@\_
UAQTI\E3@V\]O	nHOJ]\GKOAQVDP^_X]@@
CQNY\N\D\@U,ER\\RK_QTF@\D^@U_QVSQWSX]NNXDFJ^X^ITXGIAOASLE[TTVJCQG
%	UCRVO[NKPYW^AN4XVRUH]@\Z[[3PTJW]RJ@GACXTL2AX_UCA
=L_NXKCCYQXWE_]OKSSO[LVP[_QJ_QW%		F[YRSI]_NPJW]VI_QPWXWRX\FOSSAUNEROXRKEC[_V]NM[WSRO\CN]@Z2QQ FXJOJ^[GIUOA.
]Y_\RJE_IT2JAYRI\@]@\WX_3SIJQQJQ3	QAC]C\CNLPOVVBK@]CXJNMHTTUM\_NP2
BIBDXUVO	AYRJU_N@[OV@IKKSCVDF	E[YAPATK\A@B	KQIIKLPTJO\N<NKS^E	NXHDC[_V/UCRQSI\A@SS3XIEXTI\N^@ISU<HXKNKLP%
TAVRUJ]B@NAYLUC^IR^EQIZDAXTVO

< ]SX_WYANIE\\VO PAY[XB[GR^KJAIQ@YSL]@N@U]QVSV_QX]NNX_,	OJ]Y[[
AC^D\ATB=QQ ADXTLAR	
 <	B@TWX^NXAD[E+YPCOJN 3\]Y]\PVQAQN^THXC\\[[QV@[WPXANE, \RV]GIROA		@TSQANQNJPH]H\\UUA^SXLUXU\RX_QPUXWRX^GASSAUN1GNXKF_IXVRVM]@Z@U&NKS\WX[@@R+
CNVFISPUNA[AR]j_ZOVXT 7^NMHSSQUN@TV]X\RJ_Q^F@ZFX_GUA	.EYOVSJCBGOJT^[[	@NK@\Q\]\@VQ
]ZF@OB\ZCISAO[ _]J_\TNCCIQ2[YRSUNSX\WX^@@nJ^K_@\\DUA	.E[OVSJC@QF_TJ^/]XUCA
=L_NXKCCYQXWC]\GIOASXYUXANE, \RV]GIROA		@TSDOXIVYPN]@N@U^QVSSZWXO@@TBVRFKYD\\UUA ,]Y]@@QQDDXWVO&
AC]A\AR]E
,H[F@\@\_
UAQTI\@3@WLJ
4E
VXWA\\EUA	NI_DS^KJQQJBXHX
	<		BNKS^VDO IBADF	D[YARO\C\SNLC	PXIQZCDXFVO RAY[]E\ARLE%TQNYTVONMKTSSJ@QjOVSHCC[_V3 P[VB\AQEZZ\RI,B]IJ(KNI]AR\E@@@J^CXJNMAURSUN
A8KQIZCEDF	 UCRUO[ ]]J\[TJCQG_RVNFNUSS[@QPVJWNSMEC[_V/AYRI@Q@TPX]_NXA,F@\B\\GJOA
=L^NXKCCXL_VZSJ]C3]@[YA
	1A^@@BC[_V
OJXXFISOA		@TU_]@@R+
ANVFISRO[ LV_ANQNJUC_@\N[[	ANK@_UX]NNXDEJ^X\I^\G[OA 3PER\\NXIACXTIAR	<
[VB^AR^KJ
4E
WXWA\\DOAQN\C_.S^]O	nHOJ]\GKOAQV@TXWDOIGL^TVO

< ]SX_WYANIEXHX JAYAA\C\SNLC	PXIQSCDJHX HAYAA\C\SNLV3IBDDF	RV^@ISPO[=QER\^RJC@G/PAYH\C_NLPX]_=KBQQJQ3	QAC]C\CNLPOVSCJC[QRVYCOSOA
	1A]@@BC[ _VNVFHOA 	B@T^^]\@VQ
]ZF@OIZ\G[OA 	@@T^^]\@VQX+RV]GUA
[VA[AR]E%IBFXTJ^\N	 &
QLVX]_VQA\CG7UHOJN 3\]Y]\PVQAQNZWN]@@N[VE\FRB	,AEJ^K]@]@UNI]CNLC	QXIQZ ADXFVO QAY[]B^ARLE BQQBEZTJO\N<NKS^E	NXHDC[_V/UCRQSI\@@SS3XIEXTI\N^@ISP<H_QV
@S=
QNYTJ_\N		AYQN]C\]@ZNXLEJ[Q3	RAC]C\@NLY @@B@G^RVNFK[SS[@QPUJWNSHKC[_V]NM[RQ[I\Q@S\	7QIZ_V XWB[\GJOA3LVZ]\RI_QW%		D[YRSI_@SPYVZ2UPXIIT2KAYRI\A@SEER\YVNJC[QRVUFKSSO[	
j	SXIB[BXJ NM@QOAQLEZ^TVJCQG_RVNEJ[WSIN_N@YOV@H@K_CVDF3AC^C@S
]ZZ\SH_QC7OJ]^GIRQO[	
j	QXIB[@	DFHZ@\](JTAYN
A8HQIZCFDF NVF@Q[SI@QGER_XUBC_IT2HAYRI\B@SCOVQM_QPWXWRZ^CISAO[ \]J[^VJCQG\RVNAKWSS[@Q j		@@BCGJ^HZ@\][[	3SX_WX]]NXT 7_NMHSSP@Q^FR^8YUNXQW; 	^UCRSSK@Q		LSPT\RVQFJ^CTD\@U,ER\\RK_QTF@\H@NJNINCRVWJANQNJVJU@\N[[	BNK@\_X]NNX_,	OJ]\[[
AC^D\AQB=QQ ADXTIAR	
 <	B@TWX^NXAD[@+Y]XWN	 &
PLVX]^NXIA[]J]\NAC]CZCRB	,AEJ^K]@]@UNI]HNLC	QXIQYGDXFVO QAY[^AXARLE BQQAF\TJO\N<NKS^E	NXHDC[_V/UCRQSI\@@SS3XIEXTI\N^@IRQ<@_QV
@S=
QNYTJ_\N		AYRLTK[ARB	XIJYFDDF	&]QV@R^KJ	QQ@XJ	_UCAQWHZC\SNLC	PXIQYBBXTXARRACNAX@T^EDO,PJ^H]\N[YQTI]A@SZ7@@BA[BFDF	&_QV@R^DO^UJCK4KVRX
	<		ANKS^UDO	
QIZ BDXTVO AYRN^F\]@S=
 QNYTJ\\N AC^K@SY^NXX@ESCVDF	E[YAPOTC\SNLC	SXIQXKDXFVO&NI^ANL\JW^UJCKG%NVFKSSSA@Q	V7@QQ CD[VOB[\GA<QZ[VNP2
AIBDXVVOUCRR[A\C@SBOVSBCG[Q3	RAC]C\@NLY @@AJG^RVNDAWSS[@QPUJWNQBGC[_V]NM[P[WI\Q@S\	7QIY_V XWB[\GAOA3LVZ]\RB_QW%		D[YRSI_@SPYVZ2URXIIT2KAYRI\A@SEER\XTJBC[QRVTOHVSO[	
j	SXIB[BXJ NM@SOAQLEZ^^RJCQG_RVNEJQSSIN_N@YOV@H@A[CVDF3AC^C@S
]ZZ\SH_QC7OJ]^GIRQO[	
j	QXIB[@	DFHZ@\T(KSAYN
A8HQIZCFDF NVB@RSSUN]Y\_SJ_QW%		F[YRSI]_NPJW^RVQ
][F@OBX\GIAOAPLEZY\RJQ_IGKOJN^CISSAUN1GNXHC_IXVRVM]@T@U&NKS\WXU@@R+
CNVFISPUNA[ARVjUYOVXT 7^NMHSSQUN@TS^]\NXTVRUH]A\@U,ER\\RK_QTF@_A@NJNINCWXWJANQNJVO[@\N[[	BNK@\ QX]NNX_,	OJ^\[[
AC^D\AZB=QQ ADXTBAR	
 <	B@TWX^NXAD[K+ZVXWN	 &
PLVX]^NXICXPJ]\NAC]A[CRB	,AEJ^K]@]@UNI^CNLC	QXIQYADXFVO QAY[^D^ARLE BQQACZTJO\N<NKP^E	NXHDC[	_V/UCRQSI\K@SS3XIEXTI\N^@IS[<K_QV
@S=
QNYTJ_\N		AYTOYC\]@ZNXK@G^_V3 R[VB\ASB	XIAXQ	CNVUK[[SIN_N@ZOV@HKK[QXJ	]UCAQ[A\CN]@Z2QQCXJOJ^[GI[OA.
]Y_\RJK_IT2JAYRI\@]@\WXU3PNQI/QAYH\C^]@MJWTPBCCGOJ]XF@SOA
	1A]@@BC[ _VNVEMOA 	B@TTXY\RX_QPVXWR_\CISAO[ _]J^\VJCQG
%	UCQSO[NKPYWPAN4XVRUH]@\T[[3PTJW]RJ@GACXTB2BYNMA	.EZOVSJCAGF@UIX\GUA	NKSZSXANE, \RV]GIROA		@TRDOXIV[VJ]@N@U^QVSQ\WXO@@TBVRFI_@\\UUA ,]Z]@@QQDDX\VO&
AC]A\ARVE
,H[F@\@\_
UAQTI\K3CTLJ
4E
VXWA\\EUA	NIUGQ^KJQQ FCXTVO

< ]SX_WYANIF^HX JAYAJ_E\A@B	HQII@BXTXARRACN@_GR^KJ,
EVRVJARUCQTSIT_NE8	NXKAC[KXJ(JNI]AR]HKJ_[RJK,YQNF	&^QV@R^KJXIB[FDXHX	[YRUM[C@SS3ZIEXTKAR 	AYK[_N@[OV@IFA[QXJ	^UCAPVK\CN]@T]@@Q@^CDJHX([VA\]@QER_[RJK_IU;	RV]EISS[UN
A8IQIZCGHX_G\]F&PVACQ	V7AQQ CDZHXNMHTQQI\_NPJW^QJ@CG/RAYH\C]]@PNXIF_IGIOJNYAISSAUNEROYTJCCIQ	ANVULUSSIN_N[8XIA[QF@_G\]FUA,@TUX]]SVQW; 	_UCRSSJ_NCU^V7^X@@QW%		E[YRSI^_N]Y[^VJC_IAXWB^]@IOA
=L\NXKCCZQRV_CUA_SXL UP]\@VQ
]ZF@OE^TGIAOASLE]_TRJQ_IR;	NMKSOAQVCU^VDO,UQNYVJ]A]@U,ER\\RI_IDDYU%^GNV[3PUJW]RJA_ITJ^KTBT\GUA	NKPZ_XANE, \RV]GIROA		@TPDOXIV^VN]@N@U^QVST\WXO@@TBVRFL_D\\UUA ,]Z]@@QQDDYUVO&
AC]A\AS_E
,H[F@\@\_
UAQTI]B3BTLJ
4E
VXWA\\EUA	NI]IP]WDOIAGQTJAR	
 <	@@TWX\@@]QN[RVO PAY[YJ^ARLE AQQFMZTJO\NR[VQYHP^EDO,PJ^H]\N[YQTI]B@SZ7@@BA[BEDF	&_QV@R^DO^UJBB4BVRX
	<		ANKS^UDO	
QIZFFXTVO AYR@ZF\]@S=
 QNYTJ\\N AC_B@SY^NXXG@YCVDF	E[YAWJ^C\SNLC	SXIQ_ADXFVO&NI^ANL\JW^UJBBG%NVFKSSRH@Q	V7@QQ CD[VOB[\FH<PS[VNP2
AIBDXVVOUCRQUA\C@SBOVSBKG[Q3	RAC]C\@NLY @@@CG^RVNCISSS[@QPUJWNVJCC[_V]NM[WSSI\Q@S\	7QIY_V XWB[\FHOA3LVZ]\SK_QW%		D[YRSI_@SPYVY2_QXIIT2KAYRI\A@SEER\YQJCCGOJ^]DKSOA
	1A]@@BC[ _VNVDJOA 	B@TSQ[\RX_QPVXWRXUAISAO[ _]JYUTJCQG
%	UCQSO[NKPYVYAN4XVRUH]@]][[3PTJW]RJ@GACXUK2C^NMA	.EZOVSJCAGF@\D_UGIOASX\SP]@@R+
ANVFISRO[ LTZANQNJPLY@\N[[	ANK@ZSX]NNXDEJ^XYFX\G[OA 3PER_\NXIACXUKAR	<
[VB^AR_KJ
4E
WXWA\\DOAQN\BZ.[X]O	nHOJ]\GKOAQV@U\ ^X]@@
CQNQSN[@@N 3_]Y]\SVQGJ^C[\NP[VQ^DS\WJANQNJVO\B\\UUA]SXLRY_\RX_Q^7NVEIOA
NI^FR_KJ	
,IEZTJ\F@N 3]]Y]\Q_QYCEY;ITRVU,ER\\RH_QIVRVKYH\\[[QVCT[WDO	nKOJ]\GHOA SX]KJ@IQBP\J]R@NKNINGZVWJAN QNJRBU@\N[[ 
3LUXANQIYCEYHX	(AYH^C\@SB	,AGJ^K]@_[[QTSKZ,TI@TNE
,HZF@\@\^[[[VB_FZWWDOIKAYPJAR	
 <	@@TWX\@@]QNP\VO PAY[^AYGR^KJAIQFZQL]@N@U]QVSP\ QX]NNX_,	OJ^\[[
AC^D\CTB=QQ ADXVLAR	
 <	B@TWX^NXAD[J+ZWXWN	 &
PLVX]^NXIC^QJ]\NAC]@XDRB	,AEJ^K]@]@UNI^BNLC	QXIQY	KDXFVO QAY[^KTARLE BQQALPTJO\N<NKP^E	NXHDC[_V/UCRQSI\J@SS3XIEXTI\N^@ISZ<K^QV
@S=
QNYTJ_\N		AYTIXC\]@ZNXKADY_V3 R[VB\ASB	XIAYQ	CNVUKTQSIN_N@ZOV@HDA[QXJ	]UCAQTK\CN]@Z2QQCXJOJ^[GIZOA.
]Y_\RJJ_IT2JAYRI\@]@\WXT3PKQI/QAYH\C^]@MJWZVLCCGOJ]^GHSOA
	1A]@@BC[ _VNVEHOA 	B@TU][\RX_QPVXWR^YAISAO[ _]J_YTJCQG
%	UCQSO[NKPYWQAN4XVRUH]@\U[[3PTJW]RJ@GACXTC2B\NMA	.EZOVSJCAGF@XI]\GUA	NKS_VXANE, \RV]GIROA		@TWDOXIVZPJ]@N@U^QVSPZWXO@@TBVRFHY@\\UUA ,]Z]@@QQDDX]VO&
AC]A\ARWE
,H[F@\@\_
UAQTI\J3CULJ
4E
VXWA\\EUA	NI]AQ[WDOIBB\SJAR	
 <	@@TWX\@@]QNZSVO PAY[_F^ARLE AQQ@AZTJO\NR[VQ_DP^EDO,PJ^H]\N[YQTI\J@SZ7@@BA[CMDF	&_QV@R^DO^UJCJ4EVRX
	<		ANKS^UDO	
QIR@DXHX	[YRVN\C@SS3ZIEXTKAR 	AYKZ_N@[OV@I@E[QXJ	^UCAPPO\CN]@T]@@Q@XCDJHX([VA\]@QER_[RJJ_IU;	RV]EISSZUN
A8IQIZCGHX_G\\N&QVACQ	V7AQQ CDZHXNMAZWSI@QGER\X[NC_IT2HAYRI\B@SCOVPO_QPWXWR_^GISAO[ \]J^^RJCQG\RVNDKSSS[@Q j		@@ACGJ^HZ@\U[[	3SX_WX]UNXT 7_NMHSSP@Q^FR^8ZYNXQW; 	^UCRSSK@Q		L_ZU\RVQFJ^KYAU\[[3PVJW]RJB_I]XWBX@U_QVSQ^WXO@@TAVRFI]D\\UUA]SXLW\]\@VQX+RV^GUA
[VA[ARWE%IBFXTJT\N	 &
QLVX]_VQA\BG7ULURVU,ER\\RH_QIVR\MYDU\GUA	NKPZ QY]@@R+
ANVFISRO[ LV^U@@T@VRFNUAZ\G[OA 	C@TSP\ZRJQ_IGKOJNXOHUSS[@Q j		@@ACGJ^HZ@]_[[	3SX_WX\_NXT 7_NMHSSP@Q^FR^8ZTNXQW; 	^UCRSSK@Q		LVYUTRJ_Q^F@\H\XGUA	.EYOVSJCBGOJ^U[[	@NK@]SX]NNXDFJ^X^HX\G[OA 	@@TTPY\RX_Q^7NVEIOA
NI^FR^KJ	
,IEZTJ]I@N 3]]Y]\Q_QYCDQ;HURVU,ER\\RH_QIVRUK\@\\[[QV@U\ WDO	nKOJ]\GHOA SX\KJ@IQG^\J]R@NKNINBTVWJAN QNJWLU@\N[[ 
3LUXANQIYCDQHX	(AYH^C\A[B	,AGJ^K]@_[[QTSH_,]G[LJ
4E
VXWA\\EUA	NITHS^WXANIF\\K[@@N 3_]Y]\SVQGJ^K[I@NJNINEZZWXO@@TAVRFNUDT\G[OA 	@@TSPYTRJQ_IR;	NMKSOAQVCU^TDO,UQNYVJ]A_@U,ER\\RI_IDDYR%TGNV[3PUJW]RJA_ITJ^KZG_ZGIOASXWW^]@@R+
ANVFISRO[ L^_ANQNJVOYD\\UUA^SXLR\Y\RX_QPUXWR^YCMSSAUN1GNXHC_IXVRVM]AZ@U&NKS\WY[@@R+
CNVFISPUNA[AS]jV^YNXQW; 	^UCRSSK@Q		L_Y][PJC_IAXWB_YBMSOA
	1A]@@BC[ _VNVFOWOAQLE\[TZJCQG_RVNCO[[SIN_N@YOV@NEKSCVDF3AC^C@S
]ZZ\SI_QC7OJ]^GIRPO[	
j	QXIB[@	DFHZ@]_(HUVACQ	V7AQQ CDZHXNMAQUPK\C@SBOVPIKC__V3 R[VB\ASB	XIB]_V_NM[WTQI\CN]@T^@@QG\CDXFVO RAY[XD^AR^KJ,
EVRVJARUCQTSH__NE8	NXKAC[ @XJ(JNI]AR]HKJ_[RK@,ZEVRX
	<		ANKS^UDO	
QISAE]TJAR AYKXCYDRB	,AEJ^K]@]@UNI]GTB	IQIIDAZTJO\NQ[VQXFW\WJAN QNJPMXB\\UUA ,]Z]@@QQDDYWVO&
AC]A\AS]E
,H[F@\@\_
UAQTI]@3@TY]O	nHOJ]\GKOAQVIWVVX]@@
CQNZPI]G\@U,ER\\RK_QTF@\F[@U_QVSVYSX]NNXDFJ^XYGTXGIAOASLE\ZTVJCQG
%	UCQSO[NKPYV[AN4XVRUH]@]_[[3PTJW]RJ@GACXUL2IXNMA	.EZOVSJCAGF@\F__BISOA		@TS[\\NXT 7]NMHSSRUN	]QY@@T@VRFHYDT\G[OA 	C@TU\YTRJQ_IGKOJN^CM[SS[@Q j		@@ACGJ^HZ@]Z[[	3SX_WX\ZNXT 7_NMHSSP@Q^FR\8P[NXQW; 	^UCRSSK@Q		LV[]]RJC_IAXWH^]NIOA
=L\NXKCCZQRVTAUA_SXLVQ_\RX_QPVXWR^]NKSSAUNERO^SCAC[_V/AYQI@Q@TPX_ZNXA,F@\B\\EOOA
=L^NXKCCXL_VZSJ_F3T@[YA
	1A^@@BC[_V
OJ]_D@VSSUN]P^ZTJ_QW%		F[YRSI]_NPJWTUVQ
][F@OB^^CISAO[ \]J_^PNCCIQ	ANVUKQQWI\Q@S\	7QIY_V XWB[\EOOA3LVZ]\PL_QW%		D[YRSI_@SPYVZ2YZXIIT2KAYRI\A@SEERX\ZKCCGOJXYNJSOA
	1A]@@BC[ _VNVBAOA 	B@TVZTZRJQ_IGHOJN]E@USS[@QPVJWNSHJE[QXJ3AYK\_NLU_]]PVQ^+ XWA^\GHQOA
	1A_@@BC[XJVM]A^3B@AY[	
j	PXIB[AXJRVYEAPSSUN]\Z\TJ_QW%		F[YRSI]_NPJWY[VQ
][F@OA_^OISAO[ \]J\_PBCCIQ	ANVUHPQ[I\Q@S\	7QIY_V XWB[\FKOA3LVZ]\SH_QW%		D[YRSI_@SPYV[2]THQI/QAYH\C^]@MJW[ZJBJ[_VNVEJSVZI@Q	V7BQQ CDYHX	[YRUK@QPTJWNVLAG[QXJ	^UCAWUKXC\SNLC	SXIQ_A@XTXAR<	QVCRBOVPMCBXQ
2NMHQSSH__NP2
@IBDXWAR^[GHQ<VKNISS3YIEXTHAR	[YPZNXC\]@ZNXIJ@\_V3 R[VB\ASB	XIFYQ	CNVUHRSWI\Q@SY_NXXBB[CDJHX HAYAH]CXARLE%TQNZTVONMKTSRK@QjOVSHCCZ_V3 P[VB\AQEZZ\SH,FXIJ(KNI]AR\E@@GB_CDDF
	UCWSWJ\_NP2
BIBDXUVO	AYVJ@QPTJWNSK@E[QXJ	^UCARRJZC\SNLC	SXIQZ @BXTXAR<	QVCRBOVPMCBYQ
2NMHQSSH^_NP2
@IBDXWAR^[GHQ<VINISS3YIEXTHAR	[YPUMYC\]@ZNXIDAS_V3 R[VB\ASB	XIF[Q	CNVUHSWSI\Q@SY_NXXBC_CDJHX HAYAH\G\ARLE%TQNZTVONMKTSRK@QjOVSHCCZ_V3 P[VB\AQEZZ\SH,FZIJ(KNI]AR\E@@@K[CDDF
	UCP[PK\_NP2
BIBDXUVO	AYVH@QPTJWNSJDA[QXJ	^UCARSN^C\SNLC	SXIQZDFXTXAR<	QVCRBOVPMCBYQ
2NMHQSSH^_NP2
@IBDXWAR^[GHQ<VONISS3YIEXTHAR	[YWU@^C\]@ZNXN@D[_V3 R[VB\ASB	XIF]Q	CNVUHQPQI\Q@SY_NXXBAXCDJHX HAYAH^@^ARLE%TQNZTVONMKTSRK@QjOVSHCCZ_V3 P[VB\AQEZZ\SH,F\IJ(KNI]AR\E@@GKSCDDF
	UCWW[H\_NP2
BIBDXUVO	AYVN@QPTJWNSHEG[QXJ	^UCARQOXC\SNLC	SXIQZE@XTXAR<	QVCRBOVPMCBYQ
2NMHQSSH^_NP2
@IBDXWAR^[GHQ<VMNISS3YIEXTHAR	[YWPK_C\]@ZNXNBFZ_V3 R[VB\ASB	XIF_Q	CNVUHRU[I\Q@SY_NXXBB]	CDJHX HAYAH]ETARLE%TQNZTVONMKTSRK@QjOVSHCCZ_V3 P[VB\AQEZZ\SH,F^IJ(KNI]AR\E@@GF[CDDF
	UCWQUI\_NP2
BIBDXUVO	AYVL@QPTJWNSHCC[QXJ	^UCARQI\C\SNLC	SXIQZCDXTXAR<	QVCRBOVPMCBYQ
2NMHQSSH^_NP2
@IBDXWAR^[GHU<ZLNISS3YIEXTHAR	[YRUNUA\ANLE@@JFS	CXJ(HNI]AR_EQIR_V_NM[QW[I\CN]@T^@@QA_	CDXFVO RAY[^GTAR^KJ,
EVRVJARUCQTSHZ_NE8	NXKAC[ EXJ(JNI]AR]HKJ_[RJF,ZJVRX
	<		ANKS^UDO	
QISBDXTJAR AYKXK]GRB	,AEJ^K]@]@UNI]G[B	IQIIK@PTJO\NQ[VQXIVVWJAN QNJPBYH\\UUA ,]YX@@QQDDXQVO&
AC]A\AR[E
,H[F@\@\_
UAQTI\F3@TV]O	nHOJ]\GKOAQVIUZ^X]@@
CQNZPO[A\@U,ER\\RK_QTF@\FT@U_QVSVVQX]NNXDFJ^XYH]ZGIAOASLE\U]TJCQG
%	UCRVO[NKPYW]AN4XVRUH]@\Y[[3PTJW]RJ@GACXTO2AZYUCA
=L_NXKCCYQXWH^ZDKSSO[LU[U\VJ_QW%		F[YRSI]_NPJW]TO_QPWXWRX[EISSAUNEROXUHCC[_V]NM[WTQI\CN]@Z2QQ FXJOJ^[GIVOA.
]Y_\RJF_IT2JAYRI\@]@\WXX3SLGQQJQ3	QAC]C\CNLPOVZKCDYCXJNMKPVVM\_NP2
BIBDXUVO	AYROX_N@[OV@NEKSCVDF	E[YAWOTK\A@B	KQIIELPTJO\N<NKS[E	NXHDC[_V/UCRQSI\F@SS3XIEXTI\N^@ISV<HZDNKLP%
TAVRUJ]B@NAYAYK^@R^EQIY@D_TVO

< ]SX_WYANIE^SVO PAY[XDTER^KJAIQ@_\N]@N@U]QVSVYSX]NNX_,	OJ]Y[[
AC^D\AWB=QQ ADXTOAR	
 <	B@TWX^NXAD[F+YRLOJN 3\]Y]\PVQAQNPPH\E\\[[QVCV^ RXANE, \RV]GIROA		@TQ^ANQNJPMXB\\UUA^SXLP]_\RX_QPUXWRX[BKSSAUN1GNXKF_IXVRVM]@Y@U&NKS\WXX@@R+
CNVFISPUNA[AR[jV^\NXQW; 	^UCRSSK@Q		LP^X^TJC_IAXWB^TFMSOA
	1A]@@BC[ _VNVFOROAQLE\XUPJCQG_RVNCLZQSIN_N@YOV@NFJYCVDF3AC]F@S
]ZZ\RO_QC7OJ]^GISVO[	
j	QXIB[@	DFHZ@\Y(HUSACQ	V7AQQ CDZHXNMNVSVL\C@SBOVPHFD[_V3 R[VB\ASB	XIB]_V_NM[WVUI\CN]@T^@@QG^CDXFVO RAY[XFZAR^KJ,
EVRUOARUCQTSIY_NE8	NXKAC[FXJ(JNI]AR]HKJ_[RJF,Z@VRX
	<		ANKS^UDO	
QI\FG\TJAR AYK_@\GRB	,AEJ^K]@]@UNI]GQB	IQIIEA^TJO\NQ[VQXGWXWJAN QNJPLXF\\UUA ,]YX@@QQDDXQVO&
AC]A\AR[E
,H[F@\@\_
UAQTI\F3@T\]O	nHOJ]\GKOAQVFZ^^X]@@
CQNZWJXI\@U,ER\\RK_QTF@\F^@U_QVSVXSX]NNXDFJ^XYF^XGIAOASLE\[^VJCQG
%	UCRVO[NKPYW]AN4XVRUH]@\Y[[3PTJW]RJ@GACXUH2A]ZUCA
=L_NXKCCYQXWBTT@HSSO[LV[\[ZJ_QW%		F[YRSI]_NPJW]SL_QPWXWR_]BKSSAUNERO_SOAC[_V]NM[PRVK\CN]@Z2QQCXJOJ^[GHQOA.
]Y_\RKA_IT2JAYRI\@]@\WY\3SLAQQJQ3	QAC]C\CNLPOVUBCBRCXJNMKPSV@\_NP2
BIBDXUVO	AYRO^_N@[OV@NEA_CVDF	E[YAWO^G\A@B	KQIIEF\TJO\N<NKP^E	NXHDCZ _V/UCRQSI]B@SS3XIEXTI\N^@IRR<HZ@NKLP%
TAVRUJ]B@NAYNUF_ER^EQIY@D^TVO

< ]SX_WYANIE^WVO PAY[XEYGR^KJAIQ@^QL]@N@U]QVSVX QX]NNX_,	OJ^\[[
AC^D\@SB=QQ ADXUKAR	
 <	B@TWX^NXAD[ B+YRJOJN 3\]Y]\PVQAQN_QJXE\\[[QVCP[WXANE, \RV]GIROA		@TQXANQNJPO[@\\UUA^SXLR^]\RX_QPUXWRXYAISSAUN1GNXHC_IXVRVM]A]@U&NKS\WY\@@R+
CNVFISPUNA[AS_jV^\NXQW; 	^UCRSSK@Q		LP^X^TJC_IAXWB^TFMSOA
	1A]@@BC[ _VNVFOROAQLE\XUPJCQG_RVNCLZQSIN_N@YOV@NFJYCVDF3AC^C@S
]ZZ\SK_QC7OJ]^GIRRO[	
j	QXIB[@	DFHZ@]](HUUACQ	V7AQQ CDZHXNMAWQRL\C@SBOVPNCF^_V3 R[VB\ASB	XIB]_V_NM[WTVK\CN]@T^@@QG\ADXFVO RAY[XDYCR^KJ,
EVRVJARUCQTSH]_NE8	NXKAC[ BXJ(JNI]AR]HKJ_[RKB,ZDVRX
	<		ANKS^UDO	
QISKFYTJAR AYKX@\FRB	,AEJ^K]@]@UNI]GUB	IQIIDL\TJO\NQ[VQXFZZWJAN QNJPMUD\\UUA ,]Z]@@QQDDYUVO&
AC]A\AS_E
,H[F@\@\_
UAQTI^E3@ZX]O	nHOJ]\GKOAQV@P^RZ]\NXTVRVC^G\\[[3PVJW]RJB_I]XWATZ[[	@NK@[^Z]\@VQ
]ZF@OE_UEISAO[ _]JX_[HCCIQ2[YQSUNSX\WZ[@@nJ^K_@\^AUA	.E[OVSJC@QF_TH[/]T@[YA
	1A^@@BC[_V
OJ]^DIURSI@QGER_UTOBCG/RAYH\C]]@PNXKKDG^RVNBMQWSIN_N@ZOV@OGA_CVDF	F[YAVM^G\A@B=IFXHXNVENSQUUN1\JW]PJCA]Q3	PAC]C\BBU_]^T%BK_IJ(KNI]AR\E@@BB]	BAXTVO AYQATB_ANLP%
TBVRUJ]A@N[VBTENLC	QXIQ^ALXTXARQACNF_CZ^EDOZIV]WHU@\N[[ 
3LUXANQIYCF^HX	(AYH^C\CTB	,AGJ^K]@_[[QTSKZ,]IWLJ
4E
VXWA\\EUA	NI]@ZVWX]@@
CQNZ]JTA\@U,ER\\RK_QTF@\HY@U_QVSW]WX]NNXDFJ^XXCZ\GIAOASLE]^ZRJCQG
%	UCQSO[NKPYU^AN4XVRUH]@^Z[[3PTJW]RJ@GACXVL2AT^UCA
=L_NXKCCYQXWA]^@AUSSUN]ZU^THC_IT2HAYRI\B@SCOVSBA_IGIOJNYEOWSS[@QPUJWNWHEG[QXJ	]UCAVQOXC\SNLV3IADDF	RV^@IQUO[=QER\^RJAEG/PAYH\C_NLPX_Z=KK@IV3 Q[VB\APBNXKBG\	DDXHX	[YQ[L_D\]@S=
 QNYTJ\\N AC]K_]@T_@@QFYEDXFVO QAY[YAUGR^KJBIQAZ]L]@N@U
&@TWDOXIA\ABDF3AYRK\C^GNLP%
T@VRUJ]C@UKTSQO3BTA@TNE
,HZF@\@\^[[[VB\IZX WXANIF_SK[@@N 3_]Y]\SVQGJ^KU@@NJNINDP^WXO@@TAVRFO_@\\G[OA 	@@TRZ]\RJQ_IR;	NMKSOAQVCU^QDO,UQNYVJ]BZ@U,ER\\RI_IDDZR%\H]NMA	.EZOVSJCAGF@\A\TFKSSO[LU_TTZJ_QW%		F[YRSI]_NPJW]ZK_QPWXWRY^DKSSAUNEROYPIAC[_V]NM[VQPK\CN]@Z2QQCXJOJ^[GKUOA.
]Y_\RHE_IT2JAYRI\@]@\WY\3SLFQQJQ3	QAC]C\CNLPOVZHE@YCXJNMKP[SM\_NP2
BIBDXUVO	AYROY_N@[OV@NDA[CVDF	E[YAWN^C\A@B	KQIIDFXTJO\N<NKP^E	NXHDCZ _V/UCRQSI]B@SS3XIEXTI\N^@IRQ<HZKNKLP%
TAVRUJ]B@NAYA[GXHR^EQIYFBYTVO

< ]SX_WYANIE^\VO PAY[XK]GR^KJAIQ@PUL]@N@U]QVSVVQX]NNX_,	OJ^\[[
AC^D\@PB=QQ ADXUHAR	
 <	B@TWX^NXAD[E+Y\BOJN 3\]Y]\PVQAQNYVO\I[\GUA	NKPWT[]@@R+
ANVFISRO[ LVPU@@T@VRFOYEZ\G[OA 	C@TR\XZRJQ_IGKOJNYCLUSS[@Q j		@@ACGJ^HZ@^Z[[	3SX_WX_ZNXT 7_NMHSSP@Q^FR\8YUU@@QW%		E[YRSI^_N]Y_[QLCC[QRV_GKRTSUN
A8KQIZCEDF	 UCR[ZUNEROYVBKC[_V^NM[VW[A\CN]@T]@@QF_	KDXFVO&NI^ANL\JW^UJAEG%NVFKSSQO@Q	V7@QQ CD[VOB[\GJ<RTANISS3YIEXTHAR	[YRSL\GTARB	XIA\ DBXHX
	<		BNKS^VDO IBCPHX JAYAL]@ZARLE AQQFE[RJ]R@NHNINDS]WXO@@nXWA\@UAYK[C\BNLQ3QIZCDXWVO

< _SX_W[@@HDC[,E_]XWN	 &
PLVX]^NXIEXRCYD\\[[QVCUZRXANE, \RV]GIROA		@TPQANQNJQK[H\\UUA^SXL V^U\RX_QPUXWRY]AASSAUN1GNXKC_IXVRVM]@_@U&NKS\WX^@@R+
CNVFISPUNA[AR]jV_]NXQW; 	^UCRSSK@Q		L^XZ[VJC_IAXWBY\@JSOA
	1A]@@BC[ _VNVFNSOAQLE\UTRJCQG_RVNCA[SSIN_N@YOV@NKK[CVDF3AC]C@S
]ZZ\RI_QC7OJ]^GISPO[	
j	QXIB[@	DFHZ@\_(HTRACQ	V7AQQ CDZHXNM@QWTK\C@SBOVPO@@Z_V3 R[VB\ASB	XIB\ _V_NM[WZRK\CN]@T^@@QGR ADXFVO RAY[XJ]CR^KJ,
EVRUJARUCQTSI__NE8	NXKAC[@XJ(JNI]AR]HKJ_[RJ@,ZAVRX
	<		ANKS^UDO	
QIRBM]TJAR AYKYFUARB	,AEJ^K]@]@UNI]FPB	IQIIJ@\TJO\NQ[VQXHVZWJAN QNJPCYD\\UUA ,]Y]@@QQDDXWVO&
AC]A\AR]E
,H[F@\@\_
UAQTI\@3@U]]O	nHOJ]\GKOAQVHWWUX]@@
CQNZQBXA\@U,ER\\RK_QTF@\G_@U_QVSVWQX]NNXDFJ^XYI[ZGIAOASLE\T[TJCQG
%	UCRSO[NKPYW[AN4XVRUH]@\_[[3PTJW]RJ@GACXTI2A[XUCA
=L_NXKCCYQXWI[[FMSSO[LU^\]QJ_QW%		F[YRSI]_NPJW]UN_QPWXWRY\GASSAUNEROYRJKC[_V]NM[VSSA\CN]@Z2QQ CXJOJ^[GIPOA.
]Y_\RJ@_IT2JAYRI\@]@\WX^3SMFQQJQ3	QAC]C\CNLPOV[CFB[CXJNMKUPTN\_NP2
BIBDXUVO	AYRNY_N@[OV@OCG[CVDF	E[YAVIXC\A@B	KQIIC@XTJO\N<NKS^E	NXHDC[_V/UCRQSI\@@SS3XIEXTI\N^@ISP<H[ENKLP%
TAVRUJ]B@NAYH\B_BS^KJQQEB\VJAR	
 <	@@TWX\@@]QNYSLARPACNF\FP^EDOYIV]TM_@\N[[	BNK@[PZ]\@VQX+RV]GUA
[VA[AR]E%IBFXTJ^\N	 &
QLVX]_VQA\CG7UMZRVU,ER\\RH_QIVRUJ^A[[GIOASX\^XU\NXT 7]NMHSSRUN	]YZ[NXDGJ^XXA\XGIAOAPLE]\\VJCQG\RVNBHSWSIN_N[8XIB[QF@_G\\DUA,@TUX]\QVQW; 	_UCRSSJ_NCU^T7\ZSXIIT2KAYRI\A@SEERZZWHEC[QRV^EARWSUN
A8KQIZCEDF	 UCRURUNEROXWCAC[_V^NM[WVZK\CN]@T]@@QG^ADXFVO&NI^ANL\JW^UJB@G%NVFKSSRJ@Q	V7@QQ CD[VOB[\GL<UP[VNP2
AIBDXVVOUCURWM\C@SBOVWKDA[Q3	RAC]C\@NLY @@E@G^RVNFMVUSIN_N@ZOV@KGF]CVDF	F[YARMYE\A@B=IE]HXNVENSSVUN1\JW]PJCC^Q3	PAC]C\BBU_]\W%EAIV3 Q[VB\APBNXOJA[CXJNMLSVWI@Q	V7BQQ CDYHX	[YUQUNERO]VHGC[_V^NM[RWQM\CN]@T]@@QB_GDXFVO&NI]DNL\JW^UJCFG%NVFKSSSL@Q	V7@QQ CD[VOB[\GL<UR[VNP2
AIBDXVVOUCVTSK\C@SBOVVC@D[Q3	RAC]C\@NLY @@EBG^RVNFJZQSIN_N@ZOV@K@JYCVDF	F[YARJUA\A@B=IE]HXNVENSSVUN1\JW]PJCC^Q3	PAC]C\BBU_]\W%ECIV3 Q[VB\APBNXOGJ[CXJNMM[QRI@Q	V7BQQ CDYHX	[YUSUNERO]QLCC[_V^NM[RPUI\CN]@T]@@QBXCDXFVO&NI]DNL\JW^UJCFG%NVFKSSSL@Q	V7@QQ CD[VOB[\GL<UT[VNP2
AIBDXVVOUCTSZO\C@SBOVWLFE[Q3	RAC]C\@NLY @@EDG^RVNFL[WSIN_N@ZOV@KFK_CVDF	F[YARLTG\A@B=IE]HXNVENSSVUN1\JW]PJCC^Q3	PAC]C\BBU_]\W%EEIV3 Q[VB\APBNXLKGRCXJNMLVPPI@Q	V7BQQ CDYHX	[YUUUNERO]WOAC[_V^NM[RVVK\CN]@T]@@QB^ADXFVO&NI]DNL\JW^UJCFG%NVFKSSSL@Q	V7@QQ CD[VOB[\GL<UV[VNP2
AIBDXVVOUCUUSA\C@SBOVWNBB[Q3	RAC]C\@NLY @@EFG^RVNFLQSSIN_N@ZOV@KFA[CVDF	F[YARL^C\A@B=IE]HXNVENSSVUN1\JW]PJCC^Q3	PAC]C\BBU_]\W%EGIV3 Q[VB\APBNXL@DXCXJNMLQZRI@Q	V7BQQ CDYHX	[YUWUNERO]VBKC[_V^NM[RW[A\CN]@T]@@QB_	KDXFVO&NI]DNL\JW^UJCFG%NVFKSSSL@Q	V7@QQ CD[VOB[\GL<UZ[VNP2
AIBDXVVOUCTUSO\C@SBOVWCCF[Q3	RAC]C\@NLY @@EJG^RVNFOW[SIN_N@ZOV@KEGSCVDF	F[YAROXK\A@B=IE]HXNVENSSVUN1\JW]PJCC^Q3	PAC]C\BBU_]\W%EKIV3 Q[VB\APBNXM@GSCXJNMLT[SI@Q	V7BQQ CDYHX	[YU[UNERO]TKEC[_V^NM[RURO\CN]@T]@@QB] EDXFVO&NI]DNL\JW^UJCFG%NVFKSSSL@Q	V7@QQ CD[VOB[\GH<RVINISS3YIEXTHAR	[YURMUD\ANLE@@ACYEDDF	&]QV@R^KJ	QQ FDDF	D[YAWKXC\A@B	HQIIA@XTJO\NR[VQXCV^WJAN4C F@\@@NAYQN\C]]@
G2XIBYCDYHX
	<		@NKS^TANPMCCZnBAYF@R	
 <	C@TWX_@@IEF_RK]@@N[VA\EQXKJ
4E
UXWA\\FUA	NKS[KJ@IQ@ZSH]@N@U^QVSV\UX]NNXDEJ^XYB[^GIAOA.AJW]RVQIF_TJ\\N<
NI]CR^VDO	nIOJ]\GJOAK[C\@=_ UJW@R+
BNVFISQO[	SXXW\X\RVQFJ^H]FZTGUA	.EYOVSJCBGOJ]YEUA_SXLTXY\RX_QPVXWRX_GMSSAUNEROXQJGC[_V/AYRI@Q@TPX]]NXA,F@\B\\GHOA
=L^NXKCCXL_VZSJ]A3]BJAY[	
j	PXIB[AXJRVZBJVSSI@QGER_\[JBCG/RAYH\C]]@PNXKF@G^RVNCJPUSIN_N@ZOV@N@@]CVDF	F[YAWJ_E\A@B=IEXHXNVENSSRUN1\JW]PJCCZQ3	PAC]C\BBU_]\S%BF_IJ(KNI]AR\E@@EE]FDXHX	[YQRH_F\]@S=
 QNYTJ\\N AC]FX]@T_@@QGXKDXFVO QAY[X@ZIR^KJBIQ@[RB]@N@U
&@TWDOXIA\CEDF3AYRK\C\@NLP%
T@VRUJ]C@UKTSSH3BYD@TNE
,HZF@\@\^[[[VETAP^WDOIAE[SK]\N	 &
SLVX]]NXTVRUOX\NP[VQXER^WJANQNJPN]@\\UUA]SXLSX]\RX_Q^7NVFIOA
NI^FR^KJ	
,IEZTJ]A@N 3]]Y]\Q_QYCDY;KXFNV[3PUJW]RJA_ITJ^LTCTZGIOASX\QXU\NXT 7]NMHSSRUN	]YXZNXDGJ^XYD_^GIAOAPLE\Y_PJCQG\RVNCMPQSIN_N[8XIB[QF@_G\\FUA,@TUX]\SVQW; 	_UCRSSJ_NCU^V7\YUXIIT2KAYRI\A@SEERZ\UMAC[QRV^FAWUSUN
A8KQIZCEDF	 UCRVTUNEROXVLGC[_V^NM[WWUM\CN]@T]@@QG_GDXFVO&NI]ANL\JW^UJCBG%NVFKSSSH@Q	V7@QQ CD[VOB[\GH<RVANISS3YIEXTHAR	[YTQH[J\ANLE@@AA[	EDDF	&]QV@R^KJ	QQ FLDF	D[YAWMUE\A@B	HQIIGM^TJO\NR[VQXE[XWJAN4C F@\@@NAYQN\C]]@
G2XIBYCDYHX
	<		@NKS^TANPMCCZnBAQF@R	
 <	C@TWX_@@IDG^TM]@@N[VA^BPYKJ
4E
UXWA\\FUA	NKS[KJ@IQ@]VB]@N@U^QVSV[_X]NNXDEJ^XYE^TGIAOA.AJW]RVQIF_TJ\\N<
NI]CR^VDO	nIOJ]\GJOAK[C^D=_ PJW@R+
BNVFISQO[	SXYP__\RVQFJ^H\HXZGUA	.EYOVSJCBGOJ]Y@UA_SXLS^Y\RX_QPVXWRXXAMSSAUNEROXVLGC[_V/AYQI@Q@TPX_YNXA,F@\B\\ELOA
=L^NXKCCXL_VZSJ\C3]FMAY[	
j	PXIB[AXJRV^@MZWSI@QGER\^ZKACG/RAYH\C]]@PNXKBGG^RVNDI[[SIN_N@ZOV@ICKSCVDF	F[YAPITK\A@B=IFXHXNVENSRPUN1\JW]PJCBXQ3	PAC]C\BBU_]]Q%BEXIJ(KNI]AR\E@@DJ^GDXHX	[YQPJ\E\]@S=
 QNYTJ\\N AC]E_]@T_@@QG]EDXFVO QAY[XEYGR^KJBIQ@^QL]@N@U
&@TWDOXIA\BGDF3AYRK\C]BNLP%
T@VRUJ]C@UKTSRO3BXB@TNE
,HZF@\@\^[[[VF_@Z\WDOIBL^WI]\N	 &
SLVX]]NXTVRUN^\NP[VQXASXWJANQNJPJ\F\\UUA]SXLWY[\RX_Q^7NVEIOA
NI^FR_KJ	
,IEZTJ\F@N 3]]Y]\Q_QYCE^;KYBNV[3PUJW]RJA_ITJ^O_@ZTGIOASX_SYY\NXT 7]NMHSSRUN	]YY^NXDGJ^X^ITXGIAOAPLE[TTVJCQG\RVND@[WSIN_N[8XIA[QF@_G\]AUA,@TUX]]TVQW; 	_UCRSSJ_NCU^Q7\XSXIIT2KAYRI\A@SEERX\[MAC[QRV]OHZUSUN
A8KQIZCEDF	 UCRWRUNERO_[OAC[_V^NM[PZVK\CN]@T]@@Q@RADXFVO&NI^ANL\JW^UJBEG%NVFKSSRO@Q	V7@QQ CD[VOB[\FO<RWINISS3YIEXTHAR	[YWZAUF\ANLE@@BDRJDDF	&]QV@R^KJ	QQ GDDF	D[YAP@^C\A@B	HQIIJFXTJO\NR[VQ_HP^WJAN4C F@_@@NAYQN\BZ]@
G2XIBYCE^HX
	<		@NKS^TANPMCB]nB@_F@R	
 <	C@TWX_@@IFCPVH]@@N[VBUDPZKJ
4E
UXWA\\FUA	NKSZKJ@IQ@YPN]@N@U^QVSV_SX]NNXDEJ^XYAXXGIAOA.AJW^RVQIF_TK[\N<
NI]CR^QDO	nIOJ]\GJOAK[C]G=_QJW@R+
BNVFISQO[	SX[Q[Y\RVQFJ^KTBUUGUA	.EYOVSJCBGOJ]XAUA_SXLVY_\RX_QPVXWRX]FKSSAUNEROXSKAC[_V/AYQI@Q@TPX\ZNXA,F@\B\\FOOA
=L^NXKCCXL_VZSJ\F3]CLAY[	
j	PXIB[AXJRVYBMUVSI@QGER\URMECG/RAYH\C]]@PNXKGFG^RVNCI[SSIN_N@ZOV@NCK[CVDF	F[YAWITC\A@B=IFXHXNVENSRUUN1\JW]PJCB]Q3	PAC]C\BBU_]]T%BG_IJ(KNI]AR\E@@FGX GDXHX	[YR[AYG\]@S=
 QNYTJ\\N AC]GX]@T_@@QG[KDXFVO QAY[XCXIR^KJBIQ@XPB]@N@U
&@TWDOXIA\BBDF3AYRK\C]GNLP%
T@VRUJ]C@UKTSQL3BYE@TNE
,HZF@\@\^[[[VEZGU[WDOIAEYWO]\N	 &
SLVX]]NXTVRUOY\NP[VQXBTVWJANQNJPI[H\\UUA]SXLT^U\RX_Q^7NVEIOA
NI^FR\ KJ	
,IEZTJ_E@N 3]]Y]\Q_QYCEZ;K\ENV[3PUJW]RJA_ITJ^HUA[ZGIOASX_^QY\NXT 7]NMHSSRUN	]Y\YNXDGJ^X^A^\GIAOAPLE[\^RJCQG\RVNDHQSSIN_N[8XIA[QF@_G\]EUA,@TUX]]PVQW; 	_UCRSSJ_NCU^R7\XRXIIT2KAYRI\A@SEERYUZCFC[QRV]@@TZSUN
A8KQIZCEDF	 UCRWSUNERO_[HCC[_V^NM[PZQI\CN]@T]@@Q@RCDXFVO&NI^ANL\JW^UJAFG%NVFKSSQL@Q	V7@QQ CD[VOB[\FO<RWANISS3YIEXTHAR	[YVZI^K\ANLE@@BJ\CDDF	&]QV@R^KJ	QQ GLDF	D[YAWH[E\A@B	HQIIBC^TJO\NR[VQX@UXWJAN4C F@_@@NAYQN\BZ]@
G2XIBYCE^HX
	<		@NKS^TANPMCBYnBEXF@R	
 <	C@TWX_@@IA@P]O]@@N[VB^A[[KJ
4E
UXWA\\FUA	NKS_KJ@IQFQRJ]@N@U^QVSPWWX]NNXDEJ^X_IZ\GIAOA.AJW^RVQIF_TK_\N<
NI]CR^UDO	nIOJ]\GJOAK[C]C=_VJW@R+
BNVFISQO[	SX\ RZ[\RVQFJ^K_B[^GUA	.EYOVSJCBGOJ]]FUA_SXL^Q_\RX_QPVXWR^UNKSSAUNERO^[CAC[_V/AYQI@Q@TPX\^NXA,F@\B\\FKOA
=L^NXKCCXL_VZSJ\B3]FKAY[	
j	PXIB[AXJRV^AHUZSI@QGER\^VOBCG/RAYH\C]]@PNXKBAG^RVNDIQWSIN_N@ZOV@ICA_CVDF	F[YAPI^G\A@B=IFXHXNVENSRQUN1\JW]PJCBYQ3	PAC]C\BBU_]]P%BBXIJ(KNI]AR\E@@AESFDXHX	[YRQO_B\]@S=
 QNYTJ\\N AC]B_]@T_@@Q@[EDXFVO QAY[_CYGR^KJBIQGXQL]@N@U
&@TWDOXIA\BFDF3AYRK\C]CNLP%
T@VRUJ]C@UKTSSM3AXSX	,AFJ^K]@^@UACTATARB	XIB_ JDDF	&]QV@R^KJ	QQGXJ	_UCAPSM\CN]@T^@@Q@[CDJHX HAYAJ\G\A@B=IEXHXNVENSSWUN1\JW]PJCC_Q3	PAC]C\BBU_]\V%AFIV3 Q[VB\APBNXBJG[_VNVFMZWSUN
A8KQIZCEDF	 UCQVO[ ]]J^^RJCQG_RVNDKSSS[@QPVJWNQHCC[_V/AYRI@Q@TPX]XNXA,F@\B\\GMOA
=L^NXKCCXL_VZSJ]D3^A[YA
	1A^@@BC[_V
OJUZDISOA		@TR_]\NXT 7]NMHSSRUN	]Z[@@T@VRFI^F\\UUA^SXLT^]\@VQ
]YF@OC_ZGIAOA.AJW]RVQIF_TJY\N<
NI]CR^SDO	nIOJ]\GJOAK[C\E=\ERNE, _RV]GIQOANKS^RX]@@
CQNYRNZ@@N 3_]Y]\SVQGJ^HZ\NP[VQ_DP^EDOYIV[QH]@N@U]QVSQ[WXO@@nXWA\@UAYK[C\ENLQ3QIZCDXPVO

< _SX_W[@@HDC[,FXF@R	
 <	C@TWX_@@IFMYTJAR AYH]@]ANLP%
TBVRUJ]A@N[VA\]@T_@@QA_CDJHX KAYAKXC\A@B	KQIIGDXTXAR<	QV@RBOVPMCC_Q
2NMHQSSIX_NP2
@IBDXWAR^[GIW<QHNISS3YIEXTHAR	[YUWO\C@SBOVSHCB[Q3	RAC]C\@NLY @@ABG^RVNELUSS[@QPUJWNPOEC[_V]NM[QVUI\Q@S\	7QIZ_V XWB[\GMOA3LVZ]\RN_QW%		D[YRSI_@SPYW\2^PXIIT2KAYRI\A@SEERZ\VJC_IAXWA^[EIOA
=L\NXKCCZQRV^EUA_SXLPZ]\@VQ
]ZF@OB[^GIAOASLEZZ^RJQ_IR;	NMHSOAQVCU^SDO,UQNYVJ]@X@U,ER\\RI_IDDXP%_CNV[3PUJW]RJA_ITJ^M[E\\[[QV@QZ WDO	nKOJ]\GHOA SX\KJ@IQFP\J]R@NKNINCZVWJAN QNJVBU@\N[[ 
3LVXANQIYCD\HX	(AYH^C\AVB	,AGJ^K]@_[[QTSIX,^I@TNE
,HZF@\@\^[[[VB]@R^KJQQ DF]TVO

< ]SX_WYANIFPHX JAYAJZK\A@B	HQIIELXTXARRACN@ZIR^KJ,
EVRUJARUCQTSIX_NE8	NXKAC[GXJ(JNI]AR]HKJ_[RJG,YQNF	&^QV@R^KJXIBZ	KDXHX	[YR[IXC@SS3ZIEXTKAR 	AYKU_N@[OV@IKG[QXJ	^UCAP[M\CN]@T]@@Q@SCDJHX([VB\]@QER_[RJG_IU;	RV]EISSWUN
A8IQIZCGHX_G\]B&RQW[VNP2
AIBDXVVOUCPWZH_C\]@ZNXKGERCXJ(HNI]AR_EQIZGXJ	_UCAPWITC\SNLC	PXIQXCLXTXARRACN@XAZ^EDO,PJ^H]\N[YQTI]F@SZ7@@BA[BADF	&_QV@R^DO^UJBF4 AAJ^O

< ^SX_WZANQQFC[WJ]\NAC]GTI[^E
,HYF@\@\][[ QV@P[E @QQ@@\TJ]R@NKNINBVZWXO@@TBVRFIYD\\G[OA 3PER_\NXIACXUOAR	<
[VB^AR_ KJ
4E
WXWA\\DOAQN\BY.S]]O	nHOJ]\GKOAQVCU_WDOIEBQTVO

< ]SX_WYANIE[HX JAYAH^K\A@B	HQII ALXTXARRACNB^IR^KJ,
EVRVJARUCQTSHY_NE8	NXKAC[ FXJ(JNI]AR]HKJ_[RKF,ZQNF	&^QV@R^KJXIAXCDDF
	UCUSTI@Q	V7BQQ CDYHX	[YRQUNERO]SHCCIQ	BNVUHRQSIN_N@YOV@KBA[QXJ3AYK\_NLU_]]WVQ^+ XWA^\GHVOA
	1A_@@BC[XJVM]AY3FHAY[	
j	PXIB[AXJRV]N@SSO[LR\[\NXT 7]NMHSSRUN	]Y\@@T@VRFC[@\N[[	ANK@WWXO@@TBVRFC[@\N[[ 
3LUXANQIYCE]HX	(AYH^C\@WB	,AGJ^K]@_[[QTSHY,]A@TNE
,HZF@\@\^[[[VBZGR^EQI_	EDDF	&]QV@R^KJ	QQ CXJ	_UCA[SI\Q@SY_NXXKC[QXJ	]UCA[SI\Q@S\	7QIY_V XWB[\FLOA3LVZ]\SO_QW%		D[YRSI_@SPYWP2_RXIIT2KAYRI\A@SEER\^TBCCGOJ]TOMSOA
	1A]@@BC[ _VNVDIOA 	B@TSX]\RX_QPVXWRX\GISAO[ _]JY\RJCQG
%	UCQSO[NKPYWPAN4XVRUH]@\T[[3PTJW]RJ@GACXUO2AZNMA	.EZOVSJCAGF@^IY\GUA	NKZXWDO	nKOJ]\GHOA SX_KJ@IQE_RJ]R@NKNIN@UXWJAN QNJUM[@\N[[ 
3LUXANQIYCE]HX	(AYH^C\@WB	,AGJ^K]@_[[QTSHY,]D@TNE
,HZF@\@\^[[[V@Y@R^EQI\EDDF	&]QV@R^KJ	QQ FXJ	_UCARUI\CN]@T^@@QB]CDJHX HAYAHZC\A@B=IFXHXNVENSRVUN1\JW]PJCB^Q3	PAC]C\BBU_]]W%BGIV3 Q[VB\APBNXIBC[_VNV@JQSO[	
j	SXIB[BXJ NMHWOAQLEYYXRJQ_IGHOJN]CMSSAUNERO]VNCCIQ2[YQSUNSX\WYX@@nJ^K_@\]BUA	.E[OVSJC@QF_TKX/]UUCA
=L_NXKCCYQXWE_UGIOASX_QZ]@@R+
ANVFISRO[ LVQANQNJVHY@\N[[	ANK@\SX]NNXDEJ^X_BX\G[OA 3PER_\NXIACXUOAR	<
[VB^AR_ KJ
4E
WXWA\\DOAQN\BY.SV]O	nHOJ]\GKOAQVEZWWDOIJM\TVO

< ]SX_WYANIEPHX JAYAK\K\A@B	HQIICLXTXARRACNA\IR^KJ,
EVRVJARUCQTSHY_NE8	NXKAC[ FXJ(JNI]AR]HKJ_[RKF,ZKVRX
	<		ANKS^UDO	
QIX	ALXTJAR AYHYGTBRB	,AEJ^K]@]@UNI]CZB	IQIIFG^TJO\NQ[VQ_DQXWJAN QNJWO^F\\UUA ,]Z]@@QQDDYQVO&
AC]A\AS[E
,H[F@\@\_
UAQTI]F3@PW]O	nHOJ]\GKOAQVB[_ ^X]@@
CQNYQLUD\@U,ER\\RK_QTF@\BU@U_QVSQ[_X]NNXDFJ^X^EZTGIAOASLE[XZZJCQG
%	UCQSO[NKPYV]AN4XVRUH]@]Y[[3PTJW]RJ@GACXVO2AY^UCA
=L_NXKCCYQXWFX\CLSSO[LUX[ZZJ_QW%		F[YRSI]_NPJW]WH_QPWXWRX_GMSSAUNEROXQJGC[_V]NM[WPSM\CN]@Z2QQCXJOJ^[GKVOA.
]Y_\RHF_IT2JAYRI\@]@\WX_3VJQI/QAYH\C^]@MJW^PL@C[QRV^@MZSO[	
j	SXIB[BXJ NMMSOAQLE__\RJQ_IGHOJN[EISSAUNERO[PJCCIQ2[YRSUNSX\WX_@@nJ^K_@\\EUA	.E[OVSJC@QF_TJ_/X]UCA
=L_NXKCCYQXWB_TEISOA		@T_\_\NXT 7]NMHSSRUN	]\\@@T@VRFMXB\\UUA^SXLRZ]\@VQ
]YF@OGY^GIAOA.AJW]RVQIF_TJ_\N<
NI]CR^UDO	nIOJ]\GJOAK[C\C=ZERNE, _RV]GIQOANKP[QX]@@
CQNZ]I[@@N 3_]Y]\SVQGJ^N_\NP[VQ[IV^EDOYIV_\N]@N@U]QVSUVWXO@@nXWA\@UAYK[C\CNLQ3QIZCDXVVO

< _SX_W[@@HDC[,@[F@R	
 <	C@TWX_@@IAB[PJ]\NAC_C_@RB	,AEJ^K]@]@UNIXBNLC	QXIQS EDXFVO QAY[TBZARLE BQQKE^TJO\N<NKS^E	NXHDC[_V/UCRQSI\A@SS3XIEXTI\N^@ISQ<MXQV
@S=
QNYTJ_\N		AYQNZE\ANLE@@@BYCXJ(HNI]AR_EQI__V_NM[[W[I\Q@SY_NXXKGSCVDF	F[YA[MTC\SNLV3IBDDF	RV^@ISQO[=QER\^RJCAG/PAYH\C_NLPX]^=NFQQJQ3	QAC]C\CNLPOVPCCA[_VNVDKQWSUN
A8KQIZCEDF	 UCWVO[ ]]JUTRJCQG_RVNOASSS[@QPVJWNZBCC[_V/AYRI@Q@TPX]^NXA,F@\B\\GKOA
=L^NXKCCXL_VZSJ]B3XA[YA
	1A^@@BC[_V
OJ_\CKSSO[LT[_^RVQW; 	]UCRSSH@Q YERYZNXDGJ^XTA^\G[OA 	C@T^Y_\RX_QPUXWRU]EISAO[=TOVSJ_QUQNZSJ]B@N<QV@P^WZANE, ^RV]GIPO[^D\AP1PJW@R+
BNVFISQO[	SX]_^]\NXTVRWN_B\@U,ER\\RK_QTF@YG@NJNINHVZWJANQNJ]NY@\N[[	BNK@WSX]NNX_,	OJ]\[[
AC^D\APB=QQ ADXTHAR	
 <	B@TWX^NXAD[A+\\XWN	 &
PLVX]^NXIG[WO]@@N[V@YCQ^E
,HYF@\@\][[ QVEZB	IQIIDBXTXARQACNJ[GR^KJBIQM_RJ]R@N
<	SX_KJ@@AD[AXJ  3[YRQI\C^]@S=
QNYTJ^@NENSSQ&XJNKLP%
TAVRUJ]B@NAYJXKTARB	XI@]FDDF	&]QV@R^KJ	QQJXJ	_UCARSITC\SNLC	PXIQZCLXTXARRACNB\AZ^EDO,PJ^K]\N[YQTI\A@SZ7@@BA[CFDF	&_QV@R^DO^UJAF4 FGJ^O

< ^SX_WZANQQFG]TJ]\NAC^CUAS^E
,HYF@\@\][[ QV@W]E @QQGG[RJ]R@NKNINEQ]WXO@@TBVRFN^CZ\G[OA 3PER_\NXIACXVOAR	<
[VB^AR\ KJ
4E
WXWA\\DOAQN\CU.SXERNE, _RV]GIQOANKUX U^]\NXTVRVHUAX\[[3PVJW]RJB_I]XWAZ][[	@NK@Z ^Z]\@VQ
]ZF@ODYUEISAO[ _]JYY[HCCIQ2[YQSUNSX\WXT@@nJ^K_@\\NUA	.E[OVSJC@QF_TJT/]ZG[YA
	1A^@@BC[_V
OJ[YGLVSSUN]Z_YUJC_IT2HAYRI\B@SCOVSLC_IGIOJNXBOSSS[@QPUJWNVOEC[QXJ	]UCAWVO\C\SNLV3IADDF	RV^@ISZO[=QER\^RJCJG/PAYH\C_NLPX]U=KE@IV3 Q[VB\APBNXMJFXCDDF
	UCQPPIZC@SS3ZIEXTKAR 	AYHZ@@SY^NXXGE^CDJHX KAYAMZFZARLE BQQGB]RJ]R@N
<	SX\KJ@@AD[JXJ  3[YRQI\CU]@S=
QNYTJ^@NENSSZ&]E^SX	,AFJ^K]@^@UAC[K\@[^KJQQ@D]]JAR	
 <	@@TWX\@@]QNYRHARPACNGZCV^EDOYIV\RHY@\N[[	BNK@ZU\]\@VQX+RV^GUA
[VA[ARWE%IBFXTJT\N	 &
QLVX]_VQA\CM7ULXRVU,ER\\RH_QIVR\H[C^\GUA	NKP]W\]@@R+
ANVFISRO[ LV^X@@T@VRFNZB\\G[OA 	C@TS__\RJQ_IGKOJNX@KSSS[@Q j		@@ACGJ^HZ@\U[[	3SX_WX]UNXT 7_NMHSSP@Q^FR^8Y[X@@QW%		E[YRSI^_N]P\\UHCCGOJ^_BLWSO[	
j	SXIB[BXJ NMHUWO[ ]]JYZZBCCIQ	BNVUMU[[I\Q@SY\NXXGES	CDJHX([VA\]@QER_[RJJ_IU;	RV]EISSZUN
A8IQIZCGHX_G\\N&RUT[VNP2
AIBDXVVOUC[V[K]C\]@ZNXHG@[CXJ(HNI]AR_EQIZDXJ	_UCAWTAXC\SNLC	PXIQ_K@XTXARRACNG[IV^EDO,PJ^H]\N[YQTI\J@SZ7@@BA[CMDF	&_QV@R^DO^UJCJ4 EBJ^O

< ^SX_WZANQQ	GFYQJ]\NAC^G\DW^E
,HYF@\@\][[ QV@TXE @QQGC]VJ]R@NKNINEU[WXO@@TBVRFNZE^\G[OA 3PER_\NXIACXTCAR	<
[VB^AR^KJ
4E
WXWA\\DOAQN\CU.SXERNE, _RV]GIQOANKZWWX]\NXTVRVNUAZ\[[3PVJW]RJB_I]XWAZU[[	@NK@ZSP]\@VQ
]ZF@ODTXOISAO[ _]JYTVBCCIQ2[YQSUNSX\WXT@@nJ^K_@\\NUA	.E[OVSJC@QF_TJT/]ZO[YA
	1A^@@BC[_V
OJT[CMZSSUN]ZYYTKC_IT2HAYRI\B@SCOVSLK_IGIOJNXOHUSS[@QPUJWNVBBE[QXJ	]UCAW[HZC\SNLV3IADDF	RV^@ISZO[=QER\^RJCJG/PAYH\C_NLPX_Y=OKQQJQ3	QAC]C\CNLPOVWJKB[_VNVCLZPSUN
A8KQIZCEDF	 UCV[O[ ]]J\^[LCCIQ	BNVUHQZUI\Q@SY\NXXBARCDJHX([VA\]@QER_[RHF_IU;	RV]EISQVUN
A8IQIZCGHX_G\^B&VZACQ	V7AQQ CDZHXNMLQ[PI\_NPJWXUJECG/RAYH\C]]@PNXOJ_IGIOJN]DK[SS[@QPUJWNSIAK[QXJ	]UCARPKTC\SNLV3IADDF	RV^@IQVO[=QER\^RJAFG/PAYH\C_NLPX_Y=OGQQJQ3	QAC]C\CNLPOVVIA@[_VNVCHVRSUN
A8KQIZCEDF	 UCVWO[ ]]J\]TBCCIQ	BNVUHRU[I\Q@SY\NXXBB]	CDJHX([VA\]@QER_[RHF_IU;	RV]EISQVUN
A8IQIZCGHX_G\^B&VVACQ	V7AQQ CDZHXNMMVSVI\_NPJWXPLCCG/RAYH\C]]@PNXOF_IGIOJN]EISSS[@QPUJWNSHCC[QXJ	]UCARQI\C\SNLV3IADDF	RV^@IQVO[=QER\^RJAFG/PAYH\C_NLPX_Y=OEQQJQ3	QAC]C\CNLPOVVLJA[_VNVCJTSSUN
A8KQIZCEDF	 UCVUO[ ]]J\^QHCCIQ	BNVUHQPQI\Q@SY\NXXBAXCDJHX([VA\]@QER_[RHF_IU;	RV]EISQVUN
A8IQIZCGHX_G\^B&VTACQ	V7AQQ CDZHXNMM[[WI\_NPJWXVBBCG/RAYH\C]]@PNXOD_IGIOJN]EOWSS[@QPUJWNSHEG[QXJ	]UCARQOXC\SNLV3IADDF	RV^@IQVO[=QER\^RJAFG/PAYH\C_NLPX_Y=OCQQJQ3	QAC]C\CNLPOVQLGF[_VNVDNQ[SUN
A8KQIZCEDF	 UCVSO[ ]]J\\VJCCIQ	BNVUHSWSI\Q@SY\NXXBC_CDJHX([VA\]@QER_[RHF_IU;	RV]EISQVUN
A8IQIZCGHX_G\^B&VRACQ	V7AQQ CDZHXNMJ[STI\_NPJW_ZIACG/RAYH\C]]@PNXOB_IGIOJN]GNQSS[@QPUJWNSJDA[QXJ	]UCARSN^C\SNLV3IADDF	RV^@IQVO[=QER\^RJAFG/PAYH\C_NLPX_Y=OAQQJQ3	QAC]C\CNLPOVQCDG[_VNVD@PTSUN
A8KQIZCEDF	 UCVQO[ ]]J\]RNCCIQ	BNVUHRSWI\Q@SY\NXXBB[CDJHX([VA\]@QER_[RHF_IU;	RV]EISQVUN
A8IQIZCGHX_G\^B&VPACQ	V7AQQ CDZHXNMMRWUI\_NPJWXRN@CG/RAYH\C]]@PNXO@_IGIOJN]FJUSS[@QPUJWNSK@E[QXJ	]UCARRJZC\SNLV3IADDF	RV^@IQVO[=QER\^RJAFG/PAYH\C_NLPX][=KDKIV3 Q[VB\APBNXKCF[KDXHX	[YQTH[E\]@S=
 QNYTJ\\N AC]DT]@T_@@QFZEDXFVO QAY[YB_GR^KJBIQAYWL]@N@U
&@TWDOXIA\CCDF3AYRK\C\FNLP%
T@VRUJ]C@UKTSSN3B[H@TNE
,HZF@\@\^[[[VB\G[ZWXANIF_PNX@@N 3_]Y]\SVQGJ^KZI@NJNINDSXWXO@@TAVRFO\FT\G[OA 	@@TRY[TRJQ_IR;	NMKSOAQVCU^PDO,UQNYVJ]@[@U,ER\\RI_IDDXS%\GXNMA	.EZOVSJCAGF@TG[]CISOA		@TQY\_RVQW; 	]UCRSSH@Q YER\[VVQ
][F@OE\\OISAO[ \]JX\RBCCIQ	ANVULSS[I\Q@S\	7QIY_V XWB[\GNOA3LVZ]\RM_QW%		D[YRSI_@SPYW_2]UOQI/QAYH\C^]@MJWU[OBC[_VNVEOPTTI@Q	V7BQQ CDYHX	[YRTL@QPTJWNWJGC[QXJ	^UCAVSM\C\SNLC	SXIQ^GDXTXAR<	QVCRBOVPMCC\Q
2NMHQSSI[_NP2
@IBDXWAR^[GIT<RNZQV
@S=
QNYTJ_\N		AYRI]@_@R^EQIYE@ZTVO

< ]SX_WYANIE_RVO PAY[YC[CR^KJAIQAXSH]@N@U]QVSW^UX]NNX_,	OJ^\[[
AC^D\AUB=QQ ADXTMAR	
 <	B@TWX^NXAD[D+YSMOJN 3\]Y]\PVQAQNYTI\G[\GUA	NKPXWP]@@R+
ANVFISRO[ LV_Z@@T@VRFO\@X\G[OA 	C@TRY]XRJQ_IGKOJNYFIWSS[@Q j		@@ACGJ^HZ@\[[[	3SX_WX][NXT 7_NMHSSP@Q^FR^8YZ\@@QW%		E[YRSI^_N]Q][UNCCGOJ^YGNPSO[	
j	SXIB[BXJ NMHTSO[ ]]JYTZJCCIQ	BNVUM[[SI\Q@SY\NXXGKSCDJHX([VA\]@QER_[RJD_IU;	RV]EISSTUN
A8IQIZCGHX_G\\@&RTR[VNP2
AIBDXVVOUCZQWN^C\]@ZNXHF@X CXJ(HNI]AR_EQIZBXJ	_UCAWZH^C\SNLC	PXIQ_BFXTXARRACNGU@P^EDO,PJ^H]\N[YQTI\D@SZ7@@BA[CCDF	&_QV@R^DO^UJCD4 DFJ^O

< ^SX_WZANQQGEQQJ]\NAC^FYHR^E
,HYF@\@\][[ QV@U\E @QQGM\PJ]R@NKNINE[ZWXO@@TBVRFNTDX\G[OA 3PER_\NXIACXTMAR	<
[VB^AR^KJ
4E
WXWA\\DOAQN\C[.SYERNE, _RV]GIQOANK[[SZ]\NXTVRVOUE]\[[3PVJW]RJB_I]XWA[_[[	@NK@ZP^]\@VQ
]ZF@ODU[AISAO[ _]JYUULCCIQ2[YQSUNSX\WXZ@@nJ^K_@\\@UA	.E[OVSJC@QF_THX/]^@[YA
	1A^@@BC[_V
OJ_[CHUSSUN]YX^ZNC_IT2HAYRI\B@SCOVSHD_IGIOJN_BIWSS[@QPUJWNQOCG[QXJ	]UCAPVIXC\SNLV3IADDF	RV^@IQVO[=QER\^RJAFG/PAYH\C_NLPX_Y=KAEIV3 Q[VB\APBNXIEF]CDDF
	UCRVSAZC@SS3ZIEXTKAR 	AYH^E@SY^NXX@G\CDJHX KAYAJXD^ARLE BQQ@@_VJ]R@N
<	SX\KJ@@AD[FXJ  3[YRQI\AY]@S=
QNYTJ^@NENSQV&]AYSX	,AFJ^K]@^@UAC_F[BQ^KJQQ GLP]JAR	
 <	@@TWX\@@]QNYVOARPACN@XER^EDOYIV[PN]@\N[[	BNK@]SX]\@VQX+RV^GUA
[VA[AP[E%IBFXTHX\N	 &
QLVX]_VQA\BG7UCOJN 3\]Y]\PVQAQN]WC]@@N[VB\GP^E
,HYF@\@\][[ QV@[B	IQIIA@XTXARQACNA^ER^KJBIQFZPJ]R@N
<	SX\KJ@@AD[ @XJ  3[YRQI\B_]@S=
QNYTJ^@NENSRQ&]C_SX	,AFJ^K]@^@UAC^CTAZ^KJQQ CLQTJAR	
 <	@@TWX\@@]QNYTIARPACNA[BT^EDOYIVZSI[@\N[[	BNK@\T^]\@VQX+RV^GUA
[VA[AS\E%IBFXTK_\N	 &
QLVX]_VQA\AA7UHYRVU,ER\\RH_QIVRWNTA_\GUA	NKSZ^\]@@R+
ANVFISRO[ LVZY@@T@VRFIY@T\G[OA 	C@TT\]TRJQ_IGKOJN_CI[SS[@Q j		@@ACGJ^HZ@^Y[[	3SX_WX_YNXT 7_NMHSSP@Q^FR_8Y]^@@QW%		E[YRSI^_N]Z]^TCCCGOJ]\@KPSO[	
j	SXIB[BXJ NMHSQO[ ]]J_[RNCCIQ	BNVUKTSWI\Q@SY\NXXAD[CDJHX([VA\]@QER_[RKA_IU;	RV]EISRQUN
A8IQIZCGHX_G\]D&RRACQ	V7AQQ CDZHXNMHZZSI@QGERXXTJ_QW%		F[YRSI]_NPJW]SVQ
][F@OIZ\G[OA 	C@T^^]\@VQ
]YF@OIZ\G[OA 3PER_\NXIACXUIAR	<
[VB^AR_KJ
4E
WXWA\\DOAQN\AY.S\ERNE, _RV]GIQOANKQZWP]\NXTVRUNX@\\[[3PVJW]RJB_I]XWA^_[[	@NK@]P^]\@VQ
]ZF@OC_[AISAO[ _]J^_ULCCIQ2[YQSUNSX\WZX@@nJ^K_@\^BUA	.E[OVSJC@QF_TK^/]_UCA
=L_NXKCCYQXWB[]GIOASXX^XANE, \RV]GIROA		@TTDOXIVYVB]@N@U^QVSS\WXO@@TBVRFK_H\\UUA ,]Z]@@QQDDYWVO&
AC]A\AS]E
,H[F@\@\_
UAQTI]@3@PLJ
4E
VXWA\\EUA	NI^BV^KJQQCCXHX
	<		BNKS^VDO IBFDF	D[YARH^C\SNLC	PXIQZ ADXFVO RAY[]B^ARLE%TQNZTVONMKTSRJ@QjOVSHCCZ_V3 P[VB\AQEZZ\SI,B^IJ(KNI]AR\E@@@FZCXJNMNZUSUN
A8KQIZCEDF	 UCRVO[ ]]J\ZRJCQG_RVNFOSSS[@QPVJWNSLCC[_V/AYQI@Q@TPX\_NXA,F@\B\\FJOA
=L^NXKCCXL_VZSJ\B3]GHAY[	
j	PXIB[AXJRV]NNWRSI@QGER\\WODCG/RAYH\C]]@PNXKCBG^RVNEOTQSIN_N@ZOV@HEDYCVDF	F[YAQO[A\A@B=IFXHXNVENSRQUN1\JW]PJCBYQ3	PAC]C\BBU_]]Q%BDIV3 Q[VB\APBNXNGB[_VNVNKTSO[	
j	SXIB[BXJ NMHTOAQLEYT^RJQ_IGHOJN]NKSSAUNERO][HCCIQ2[YQSUNSX\WY^@@nJ^K_@\]DUA	.E[OVSJC@QF_THX/]^E[YA
	1A^@@BC[_V
OJ__DH[SSUN]YY_RMC_IT2HAYRI\B@SCOVSHA_IGIOJN_DMWSS[@QPUJWNQIGG[QXJ	]UCAPPMXC\SNLV3IADDF	RV^@IQVO[=QER\^RJAFG/PAYH\C_NLPX]T=IJQQJQ3	QAC]C\CNLPOVPKGK[_VNVEOVTSUN
A8KQIZCEDF	 UCPZO[ ]]J[TZJCQG_RVNAA[SS[@QPVJWNTBKC[_V/AYQI@Q@TPX]TNXA,F@\B\\GAOA
=L^NXKCCXL_VZSJ]H3_O[YA
	1A^@@BC[_V
OJ^\DOSSO[LU][[RVQW; 	]UCRSSH@Q YER^TNXDGJ^X[EZ\G[OA 	C@TQ][\RX_QPUXWRZYAISAO[=TOVPJ_QUQNZSJ]H@N<QV@P^WPANE, ^RV]GIPO[^D\CW1UYOVXT 7^NMHSSQUN@TU]Y^RJ_Q^F@\D]]AIOA
=L\NXKCCZQRV]EHOA 	B@TT[\^RJQ_IGHOJN_DHQSS[@QPVJWNQIBA[QXJ3AYK\_NLU_]^WVQ^+ XWA^\GKVOA
	1A_@@BC[XJVM]@Z3F@ZAYN
A8HQIZCFDF NVFLSVTI\C@SBOVQIB@X_V3 R[VB\ASB	XIBR_V_NM[V[SA\CN]@T^@@QFSKDXFVO RAY[YK\IR^KJ,
EVRUOARUCQTSIZ_NE8	NXKAC[EXJ(JNI]AR]HKJ_[RJE,ZKVRX
	<		ANKS^UDO	
QIZKEYSJ]\NAC_ATBW^E
,HYF@\@\][[ QV@[VE @QQFC_RJ]R@NKNINDUYWXO@@TBVRFOZGZ\G[OA 3PER\YNXIACXTLAR	<
[VB^AR^KJ
4E
WXWA\\DOAQN\CZ.SWERNE, _RV]GIQOANKSZ QQY\RVQFJ^I_E_TGUA	.EYOVSJCBGOJ]U@UA_SXL P\Y\RX_QPVXWRY[CMSSAUNEROYUNGC[_V/AYRL@Q@TPX]ZNXA,F@\B\\GOOA
=L^NXKCCXL_VZSJ]F3]NOAY[	
j	PXIB[AXJRV]CJPSSI\_NPJW_PHG@[Q3	RAC]C\@NLY @@BJ]Q	CNVULTRQI\Q@SY_NXXFDZCDJHX HAYAL[B^ARLE%TQNYQVONMKTSSO@QjOVSHCC[_V3 P[VB\AQEZZ\RL,BRQNF	&^QV@R^KJXIB_JG]TJAR AYJ]JXHRB	,AEJ^K]@]@UNI]HWB	IQIIELXTJO\NQ[VQYGZ^WJAN QNJQLU@\\UUA ,]YX@@QQDDXRVO&
AC]A\ARXE
,H[F@\@\_
UAQTI\E3@[Z]O	nHOJ]\GKOAQV@QVWX]\NXTVRWK[E[\[[3PVJW]RJB_I]XWAUX[[	@NK@[SP]\@VQ
]ZF@OEZXOISAO[ _]JXZVBCCIQ2[YRVUNSX\WX[@@nJ^K_@\\AUA	.E[OVSJC@QF_TJ[/]UD[YA
	1A^@@BC[_V
OJ]_AKZWSI@QGER^]QLECG/RAYH\C]]@PNXKJ@G^RVNBORUSIN_N@ZOV@OEB]CVDF	F[YAVO]E\A@B=IE]HXNVENSSUUN1\JW]PJCC]Q3	PAC]C\BBU_]\T%BJYIJ(KNI]AR\E@@B@_BCXTVO AYPH\D[ANLP%
TBVRUJ]A@N[VBUCNLC	QXIQ^K@XTXARQACNFYIV^EDOZIV]QBY@\N[[ 
3LV]ANQIYCD^HX	(AYH^C\ATB	,AGJ^K]@_[[QTSIZ,]HSLJ
4E
VXWA\\EUA	NI]BSY^X]@@
CQN[TMUI\@U,ER\\RK_QTF@\I]@U_QVSW[ UX]NNXDFJ^XXEY^GIAOASLE]XYPJCQG
%	UCRVO[NKPYW^AN4XVRUH]@\Z[[3PTJW]RJ@GACXTL2AU\UCA
=L_NXKCCYQXWA^UBLSSSUN][]YRHC_IT2HAYRI\B@SCOVSCC_IGIOJNYBKSSS[@QPUJWNWOAC[QXJ	]UCAVVK\C\SNLV3IBADF	RV^@ISUO[=QER\^RJCEG/PAYH\C_NLPX\^=KCFIV3 Q[VB\APBNXHBJZCDDF
	UCRRQKTC@SS3ZIEXTKAR 	AYH\F@SY^NXXAK[CDJHX KAYAKTC\ARLE BQQALXTJ]R@N
<	SX\KJ@@AD[ AXJ  3[YRQI\B^]@S=
QNYTJ^@NENSRP&]DTSX	,AFJ^K]@^@UAC]CYAVVWDOIACYSL]\N	 &
SLVX]]NXTVRUMU\NP[VQY@QXWJANQNJQK^F\\UUA]SXL V[[\RX_Q^7NVEIOA
NI^FR_KJ	
,IEZTJ\C@N 3]]Y]\Q_QYCEZ;K]DNV[3PUJW]RJA_ITJ^H\CYTGIOASX_W]U\NXT 7]NMHSSRUN	]Y]XNXDGJ^X_GZTGIAOAPLEZZZZJCQG\RVNENU[SIN_N[8XIA[QF@_G\]EUA,@TUX]]PVQW; 	_UCRSSJ_NCU^R7\USXIIT2KAYRI\A@SEER\_SMEJ[_VNVDIT[ZI@Q	V7BQQ CDYHX	[YRZH@QPTJWNWOFA[QXJ	^UCAVVL^C\SNLC	SXIQ^FFXTXAR<	QVCRBOVPMCA^Q
2NMHQSSKY_NP2
@IBDXWAR^[GIZ<RONISS3YIEXTHAR	[YPZL\C@SBOVZLBCG/RAYH\C]]@PNXKE_IGIOJN]@OSSAUNERO]ULCCIQ	ANVUHTUSIN_N[8XIA[QF@_G\\NUA,@TUX]\[VQW; 	_UCRSSJ_NCU^^7\[@@QW%		E[YRSI^_N]\Y]RJ_Q^F@TB[\[[3PVJW]RJB_I]XWA[@U_QVSSWWXO@@TAVRFKTB\\UUA]SXL^Z]\@VQX+RV^GUA
[VA[ARWE%IBFXTJT\N	 &
QLVX]_VQA\CM7UNOJN 3\]Y]\PVQAQN[UJ]@@N[VD_CRB	,AEJ^K]@]@UNI]ENLC	QXIQZGDXFVO QAY[]GXARLE BQQB@\TJO\N<NKP^E	NXHDC[_V/UCRQSI\J@SS3XIEXTI\N^@ISZ<HYQV
@S=
QNYTJ_\N		AYPL]C\]@ZNXMJE[Q3	RAC]C\@NLY @@BFG^RVNFOSSS[@QPUJWNSLCC[_V]NM[RUSI\Q@S\	7QIY_V XWB[\G@OA3LVZ]\RC_QW%		D[YRSI_@SPYWQ2]PXIIT2KAYRI\A@SEER__VJC_IAXWF\[GUA	.EYOVSJCBGOJ]^[[	@NK@_UX]NNXDFJ^X\A^\G[OA 	@@TVY_\RX_Q^7NVEIOA
NI^FR^KJ	
,IEZTJ]I@N 3]]Y]\Q_QYCDQ;K^RVU,ER\\RH_QIVRVM\@\@U	NIZG[^E
,HYF@\@\][[ QV@QB	IQII ALXTXARQACNB^IR^KJBIQEZ\J]R@N
<	SX\KJ@@AD[JXJ  3[YRQI\CU]@S=
QNYTJ^@NENSSZ&]CNKLP%
TAVRUJ]B@NAYHZE\ANLE@@GK]_V3 R[VB\ASB	XIB[Q	CNVUASSS[@QPUJWNZJCCIQ	ANVUASSS[@Q j		@@ACGJ^HZ@\U[[	3SX_WX]UNXT 7_NMHSSP@Q^FR^8Y\NXQW; 	^UCRSSK@Q		LVQT\RVQFJ^OYF\@U,ER\\RK_QTF@\A@NJNINHT^EDOYIVQRJ]R@NHNINHT^EDO,PJ^H]\N[YQTI\J@SZ7@@BA[CMDF	&_QV@R^DO^UJBA4 BLJ^O

< ^SX_WZANQQCGXTJ]\NAC]@YE[^E
,HYF@\@\][[ QV@SVE @QQ@FYRJ]R@NKNINBP_WXO@@TBVRFI_AZ\G[OA 3PER_\NXIACXUHAR	<
[VB^AR_KJ
4E
WXWA\\DOAQN\CU.SV]O	nHOJ]\GKOAQVEZWWDOIJM\TVO

< ]SX_WYANIEPHX JAYAK\K\A@B	HQIICLXTXARRACNA\IR^KJ,
EVRVJARUCQTSIU_NE8	NXKAC[JXJ(JNI]AR]HKJ_[RJJ,ZQNF	&^QV@R^KJXIFXCDDF
	UCRSUK\_NP2
BIBDXUVO	AYR@@QPTJWNPHGC[_V^NM[QQWI\Q@SY\NXXAA_CVDF3AC^C@S
]ZZ\RC_QC7OJ]^GISZO[	
j	QXIB[@	DFHZ@^Y(HZUACQ	V7AQQ CDZHXNMHWPPI\C\]@ZNXIAA_CXJ(HNI]AR_EQIZEXJ	_UCAVTH^C\SNLC	PXIQ^BFXTXARRACNF[@P^EDO,PJ^H]\N[YQTI^F@SZ7@@BA[AADF	&_QV@R^DO^UJBA4 BMJ^O

< ^SX_WZANQQBD[PJ]\NAC]@[BU^E
,HYF@\@\][[ QV@SWE @QQ@F\\J]R@NKNINBPZWXO@@TBVRFI_DT\G[OA 3PER_\NXIACXUHAR	<
[VB^AR_KJ
4E
WXWA\\DOAQN\B^.VW]O	nHOJ]\GKOAQVBVVWXANIG^VO]\N	 &
SLVX]]NXTVRPCARPACNB\AZ^EDOYIVYTJU@\N[[	BNK@_WP]\@VQX+RV^GUA
[VA[AS\E%IBFXTK_\N	 &
QLVX]_VQA\BF7PBOJN 3\]Y]\PVQAQN[WIX@\@U	NI_DP]KJ
4E
UXWA\\FUA	NKVVE @QQJC^TJO\NQ[VQUFT^EDOZIVQSL]@N@U
&@TWDOXIA\BFDF3AYRK\C]CNLP%
T@VRUJ]C@UKTSRK3GYSX	,AFJ^K]@^@UAC^J\CR^EQIXA@XHX
	<		BNKS^VDO IGADF	D[YA[A\C\SNLC	PXIQS	CDXFVO RAY[TK\ARLE%TQNZTVONMKTSRK@QjOVSHCCZ_V3 P[VB\AQEZZ\SH,G_IJ(KNI]AR\E@@AD]CDDF
	UCPRQN\_NP2
BIBDXUVO	AYWM@QPTJWNZNKC[_V^NM[[W[I\Q@SY\NXXKGSCVDF3AC^C@S
]ZZ\SH_QC7OJ]^GIRQO[	
j	QXIB[@	DFHZ@]^(MTAYN
A8HQIZCFDF NVDH[USI@QGER^XPHC_IT2HAYRI\B@SCOVVM_QPWXWRUXCISAO[ \]JTXVJCQG\RVNNMWSS[@Q j		@@ACGJ^HZ@]^[[	3SX_WX\^NXT 7_NMHSSP@Q^FR_8\[NXQW; 	^UCRSSK@Q		LTXY^RJ_Q^F@^C^^GUA	.EYOVSJCBGOJXZ[[	@NK@WUX]NNXDFJ^XTA^\G[OA 	@@T^Y_\RX_Q^7NVEIOA
NI^FR_KJ	
,IEZTJ\B@N 3]]Y]\Q_QYCEZ;N\RVU,ER\\RH_QIVRVIUB\\[[QVCZZWDO	nKOJ]\GHOA SXZKJ@IQC]VJ]R@NKNINFW\WJAN QNJSO_@\N[[ 
3LUXANQIYCEZHX	(AYH^C\@PB	,AGJ^K]@_[[QTSH^,XA@TNE
,HZF@\@\^[[[VA^GQ^KJQQD@QTVO

< ]SX_WYANI@XHX JAYAN^C\A@B	HQIIADXTXARRACND^AR^KJ,
EVRVJARUCQTSH^_NE8	NXKAC[ AXJ(JNI]AR]HKJ_[RKA,_QNF	&^QV@R^KJXIA]GDXHX	[YPSJ]C@SS3ZIEXTKAR 	AYM__N@[OV@BBE[QXJ	^UCA[RO\CN]@T]@@QKZCDJHX([VA\]@QER_[RKA_IU;	RV]EISRQUN
A8IQIZCGHX_G\]E&WQACQ	V7AQQ CDZHXNMKVSUI\_NPJW^[IECG/RAYH\C]]@PNXNA_IGIOJN[OMSSAUNERO[ZNCCIQ	ANVUN[WSIN_N[8XIA[QF@_G\]EUA,@TUX]]PVQW; 	_UCRSSJ_NCU^_7\]SXIIT2KAYRI\A@SEER_YWHEC[QRV]EKTQSUN
A8KQIZCEDF	 UCRRRUNERO^[CAC[_V^NM[QZZK\CN]@T]@@QARADXFVO&NI^ANL\JW^UJCKG%NVFKSSSA@Q	V7@QQ CD[VOB[\GA<RRINISS3YIEXTHAR	[YQWAUF\ANLE@@BA[FDDF	&]QV@R^KJ	QQ BDDF	D[YAQ@ZC\A@B	HQIIJBXTJO\NR[VQ^HT^WJAN4C F@_@@NAYQN\CT]@
G2XIBYCDPHX
	<		@NKS^TANPMCCSnBE[F@R	
 <	C@TWX_@@IABPVO]@@N[VB^GQ_KJ
4E
UXWA\\FUA	NKS_KJ@IQGXQL]@N@U^QVSQ^ QX]NNXDEJ^X^@YZGIAOA.AJW^RVQIF_TJU\N<
NI]CR^_DO	nIOJ]\GJOAK[C\I=_UJW@R+
BNVFISQO[	SX\V^T\RVQFJ^K_DY]GUA	.EYOVSJCBGOJ]]EUA_SXLWZY\RX_QPVXWR_\EMSSAUNERO_RHGC[_V/AYQI@Q@TPX]TNXA,F@\B\\GAOA
=L^NXKCCXL_VZSJ]H3]FLAY[	
j	PXIB[AXJRV^OHTUSI@QGER\^[CGCG/RAYH\C]]@PNXKBFG^RVNDHQSSIN_N@ZOV@IBA[CVDF	F[YAPH^C\A@B=IFXHXNVENSS[UN1\JW]PJCCSQ3	PAC]C\BBU_]\Z%BB_IJ(KNI]AR\E@@AD_GDXHX	[YRQA]A\]@S=
 QNYTJ\\N AC]BX]@T_@@Q@[	KDXFVO QAY[_CTIR^KJBIQGX\B]@N@U
&@TWDOXIA\CLDF3AYRK\C\INLP%
T@VRUJ]C@UKTSSL3B[I@TNE
,HZF@\@\^[[[VB\DRZWXANIF_UM[@@N 3_]Y]\SVQGJ^KZH@NJNINDS]WXO@@TAVRFO\CZ\G[OA 	@@TRY^ZRJQ_IR;	NMHVOAQVCU^RDO,UQNYVJ]@Y@U,ER\\RI_IDDXQ%\GUNMA	.EZOVSJCAGF@\@ZUCMSSO[LU_YXWJ_QW%		F[YRSI]_NPJW]UC_QPWXWRY]AASSAUNEROYSLKC[_V]NM[VRUA\CN]@Z2QQ FXJOJ^[GIVOA.
]Y_\RJF_IT2JAYRI\@]@\WXX3SMEQQJQ3	QAC]C\CNLPOVSJB@X CDDF
	UCQUUM^C@SS3ZIEXTKAR 	AYH[E@SY^NXXFC\CDJHX KAYAL\D^ARLE BQQFD_VJ]R@N
<	SX_ KJ@@AD[FXJ  3[YRQI\CY]@S=
QNYTJ^@NENSSV&]D[SX	,AFJ^K]@^@UAC]C_@UYWDOIABQTB]\N	 &
SLVX]]NXTVRUMZ\NP[VQY@RZWJANQNJQK]D\\UUA]SXL VXY\RX_Q^7NVFLOA
NI^FR^ KJ	
,IEZTJ]E@N 3]]Y]\Q_QYCD];KZDNV[3PUJW]RJA_ITJ^CZG]XGIOASX\VY^\NXT 7]NMHSSRUN	]YZXNXDGJ^XX@\TGIAOAPLE]]\ZJCQG\RVNBIS[SIN_N[8XIB^QF@_G\\BUA,@TUX]\WVQW; 	_UCRSSJ_NCU^R7\[WXIIT2KAYRI\A@SEERTUWKCC[QRV^AJTTSUN
A8KQIZCEDF	 UCRTVUNEROYRNCC[_V^NM[VSWI\CN]@T]@@QF[CDXFVO&NI]DNL\JW^UJCFG%NVFKSSSL@Q	V7@QQ CD[VOB[\GL<RTKNISS3YIEXTHAR	[YZWHUF\ANLE@@AF^CDDF	&]QV@R^KJ	QQ DFDF	D[YAW@XG\A@B	HQIIJ@\TJO\NR[VQXHVZWJAN4C F@\E@NAYQN\CY]@
G2XIBYCD]HX
	<		@NKS^TANPMCC^nBC[F@R	
 <	C@TWX_@@IJAQPH]@@N[VAYIW_KJ
4E
UXWA\\FUA	NKSYKJ@IQ@QSL]@N@U^QVSVWQX]NNXDEJ^XYI[ZGIAOA.AJW]WVQIF_TJX\N<
NI]CR^RDO	nIOJ]\GJOAK[C\D=_WJW@R+
BNVFISQO[	SXWP_Y\RVQFJ^HX@[_GUA	.EYOVSJCBGOJ][GUA_SXL_P]\RX_QPVXWRXTOISSAUNEROXZBCC[_V/AYRL@Q@TPX]YNXA,F@\B\\GLOA
=L^NXKCCXL_VZSJ]E3]@HAY[	
j	PXIB[AXJRVUEMTQSI@QGER_YQIBCG/RAYH\C]]@PNXKDBG^RVNC@RQSIN_N@ZOV@NJBYCVDF	F[YAW@]A\A@B=IE]HXNVENSSVUN1\JW]PJCC^Q3	PAC]C\BBU_]^T%BFIV3 Q[VB\APBNXIFB[_VNV@@USO[	
j	SXIB[BXJ NMHVOAQLEY[\RJQ_IGHOJN]AISSAUNERO]TJCCIQ2[YQSUNSX\WZ[@@nJ^K_@\^AUA	.E[OVSJC@QF_TH[/]XUCA
=L_NXKCCYQXWC]\GIOASXYUXANE, \RV]GIROA		@TSDOXIVYPN]@N@U^QVSSZWXO@@TBVRFKYD\\UUA ,]Z]@@QQDDZRVO&
AC]A\APXE
,H[F@\@\_
UAQTI^E3@ULJ
4E
VXWA\\EUA	NIXES^KJQQACXHX
	<		BNKS^VDO IBCDF	D[YAR@^C\SNLC	PXIQZADXFVO RAY[]J^ARLE%TQNZTVONMKTSQO@QjOVSHCCY_V3 P[VB\AQEZZ\PL,B]IJ(KNI]AR\E@@@J^CXJNMAURSUN
A8KQIZCEDF	 UCRUO[ ]]J\[TJCQG_RVNFNUSS[@QPVJWNSMEC[_V/AYQI@Q@TPX_ZNXA,F@\B\\EOOA
=L^NXKCCXL_VZSJ_F3]F[YA
	1A^@@BC[_V
OJ]UNISOA		@T S^]@@R+
ANVFISRO[ LVYANQNJ]L]@N@U^QVS[XWJAN QNJ]L]@N@U
&@TWDOXIA\ABDF3AYRK\C^GNLP%
T@VRUJ]C@UKTSQO3B\SX	,AFJ^K]@^@UAC]EZARB	XIGSCXJ(HNI]AR_EQIZ_V_NM[[SSIN_N@ZOV@BCC[_V]NM[[SSIN_N[8XIA[QF@_G\^AUA,@TUX]^TVQW; 	_UCRSSJ_NCU^Q7\_@@QW%		E[YRSI^_N]ZZ]RJ_Q^F@[FU\[[3PVJW]RJB_I]XWA_@U_QVSS\WXO@@TAVRFK_H\\UUA]SXLUP]\@VQX+RV^GUA
[VA[APXE%IBFXTH[\N	 &
QLVX]_VQA\AB7UHOJN 3\]Y]\PVQAQNZWN]@@N[VE\FRB	,AEJ^K]@]@UNI]CNLC	QXIQZ ADXFVO QAY[]B^ARLE BQQBEZTJO\N<NKP^E	NXHDCY_V/UCRQSI^E@SS3XIEXTI\N^@IRP<H[ANKLP%
TAVRUJ]B@NAY@XBUDR^EQIYFMXTVO

< ]SX_WYANIE_VVO PAY[XJXER^KJAIQ@QPN]@N@U]QVSVWSX]NNX_,	OJ^\[[
AC^D\@QB=QQ ADXUIAR	
 <	B@TWX^NXAD[E+Y]XWN	 &
PLVX]^NXIA[]J]\NAC]CZCRB	,AEJ^K]@]@UNI]HNLC	QXIQYGDXFVO QAY[^AXARLE BQQAF\TJO\N<NKP^E	NXHDCY_V/UCRQSI^E@SS3XIEXTI\N^@IQU<HTQV
@S=
QNYTJ_\N		AYWAUC\]@ZNXCJG[Q3	RAC]C\@NLY @@BKG^RVNEI[SS[@QPUJWNPJKC[_V]NM[QS[I\Q@S\	7QIY_V XWB[\EOOA3LVZ]\PL_QW%		D[YRSI_@SPYU^2YQXIIT2KAYRI\A@SEERY]VLCCGOJX\CJSOA
	1A]@@BC[ _VNVBJOA 	B@TVY^ZRJQ_IGHOJN]FJUSS[@QPVJWNSK@E[QXJ3AYK\_NLU_]^TVQ^+ XWA^\GKUOA
	1A_@@BC[XJVM]BZ3B@AY[	
j	PXIB[AXJRVYEAPSSUN]\Z\TJ_QW%		F[YRSI]_NPJWY[VQ
][F@OA_^OISAO[ \]J\_PBCCIQ	ANVUHPQ[I\Q@S\	7QIY_V XWB[\EOOA3LVZ]\PL_QW%		D[YRSI_@SPYW[2]RCQI/QAYH\C^]@MJW^VHDD[_VNVFHZRZI@Q	V7BQQ CDYHX	[YRS@@QPTJWNPCAK[QXJ	^UCAQZKTC\SNLC	SXIQYALXTXAR<	QV@RBOVPMCCXQ
2NMHQSSI__NP2
@IBDXWAR^[GIP<RITQV
@S=
QNYTJ_\N		AYQJZD]ARB	XIBZG@XHX
	<		BNKS^VDO IBDPHX JAYAKTJZARLE AQQALQRJ]R@NHNINCZWWXO@@nXWA\@UAYK[C\BNLQ3QIZCDXWVO

< _SX_W[@@HDCY,APF@R	
 <	C@TWX_@@IFDPUJ]\NACXFUBRB	,AEJ^K]@]@UNIYINLC	QXIQZJBXTXARQACNB^HT^EDOZIVYVC[@\N[[ 
3LUXANQIYCF^HX	(AYH^C\CTB	,AGJ^K]@_[[QTSI_,]AWLJ
4E
VXWA\\EUA	NI^@[_WXANIEYVHU@@N 3_]Y]\SVQGJ^K]E@NJNINCZ^WXO@@TAVRFHU@\\G[OA 	@@TUP]\RJQ_IR;	NMHSOAQVCU^TDO,UQNYVJ]@_@U,ER\\RI_IDDXW%\@XNMA	.EZOVSJCAGF@_A_YOISOA		@TVXXTRVQW; 	]UCRSSH@Q YER\\VVQ
][F@OB[ZOISAO[ \]J_[TBCCIQ	ANVUKTU[I\Q@S\	7QIZ_V XWB[\GJOA3LVZ]\RI_QW%		D[YRSI_@SPYW[2]RMQI/QAYH\C^]@MJW^QJDE[_VNVFHVTRI@Q	V7BQQ CDYHX	[YRSN@QPTJWNPBEG[QXJ	^UCAQ[OXC\SNLC	SXIQY	E@XTXAR<	QV@RBOVPMCCXQ
2NMHQSSI__NP2
@IBDXWAR^[GIP<RIZQV
@S=
QNYTJ_\N		AYQKXJ^ARB	XIBZJMXHX
	<		BNKS^VDO IBD^HX JAYAKT@^ARLE AQQAL[VJ]R@NHNINCZ]WXO@@nXWA\@UAYK[C\BNLQ3QIZCDXWVO

< _SX_W[@@HDC[,EXUXWN	 &
PLVX]^NXIEQSN\@\@U	NI]AW[WDO	nKOJ]\GHOA SX_VDOXIVZRM_@\N[[	ANK@\PZ]\@VQ
]YF@OBZ[EISAO[=TOVSJ_QUQNZSJ]C@N<QV@P^W[ANE, ^RV]GIPO[^D\AQ1WXOVXT 7^NMHSSQUN@T^Z_XRJ_Q^F@\@_UEIOA
=L\NXKCCZQRV]GIOA 	B@TU^Y\RJQ_IGHOJN^AMSSS[@QPVJWNPLGC[QXJ3AYH\_NLU_]\QVQ^+ XWA^\GIPOA
	1A_@@BC[XJVM]@_3FIPAYN
A8HQIZCFDF NVEI[S[I\_NPJW]RBJC[Q3	RAC]C\@NLY @@BCXQ	CNVUKTPUI\Q@SY_NXXADXCDJHX HAYAK[@ZARLE%TQNYTVONMKTSSJ@QjOVSHCC[_V3 P[VB\AQEZZ\RI,B[QNF	&^QV@R^KJXIA[EMXTVO AYRI[A_ANLP%
TBVRUJ]A@N[VB\CNLC	QXIQYC@XTXARQACNA[AV^EDOZIVZSJY@\N[[ 
3LVXANQIYCD[HX	(AYH^C\AQB	,AGJ^K]@_[[QTSIY,YG@TNE
,HZF@\@\^[[[VGZHP^KJQQ@CXTVO

< ]SX_WYANIA^HX JAYAH^@^ARLE AQQBF[VJ]R@NHNIN@P]WXO@@nXWAY@UAYK[C\DNLQ3QIZCDXQVO

< _SX_W[@@HDC[,A_F@R	
 <	C@TWX_@@IGLPPJ]\NACXGT@RB	,AEJ^K]@]@UNIYFNLC	QXIQZE@XTXARQACNB^GV^EDOZIVYVLY@\N[[ 
3LV]ANQIYCD]HX	(AYH^C\AWB	,AGJ^K]@_[[QTSIY,YE@TNE
,HZF@\@\^[[[VG_CQ^KJQQBAYTVO

< ]SX_WYANIA\HX JAYAH]ETARLE AQQBE^\J]R@NHNIN@SXWXO@@nXWAY@UAYK[C\DNLQ3QIZCDXQVO

< _SX_W[@@HDC[,A]F@R	
 <	C@TWX_@@IGAXQJ]\NACXAZARB	,AEJ^K]@]@UNIYDNLC	QXIQZCDXTXARQACNB^AR^EDOZIVYVJ]@\N[[ 
3LV]ANQIYCD]HX	(AYH^C\AWB	,AGJ^K]@_[[QTSIY,YC@TNE
,HZF@\@\^[[[V@UFV^KJQQJG_TVO

< ]SX_WYANIAZHX JAYAH]CXARLE AQQBEXPJ]R@NHNIN@S^WXO@@nXWAY@UAYK[C\DNLQ3QIZCDXQVO

< _SX_W[@@HDC[,A[F@R	
 <	C@TWX_@@IGE\RJ]\NACXCXBRB	,AEJ^K]@]@UNIYBNLC	QXIQZ @BXTXARQACNB]BT^EDOZIVYUI[@\N[[ 
3LV]ANQIYCD]HX	(AYH^C\AWB	,AGJ^K]@_[[QTSIY,YA@TNE
,HZF@\@\^[[[V@ZEW^KJQQDFPTVO

< ]SX_WYANIAXHX JAYAH\G\ARLE AQQBD\TJ]R@NHNIN@RZWXO@@nXWAY@UAYK[C\DNLQ3QIZCDXQVO

< _SX_W[@@HDC[,AYF@R	
 <	C@TWX_@@I@LXSJ]\NAC_K_CRB	,AEJ^K]@]@UNIY@NLC	QXIQZDFXTXARQACNB\FP^EDOZIVYTM_@\N[[ 
3LV]ANQIYCD]HX	(AYH^C\AWB	,AGJ^K]@_[[QTSKZ,]BTLJ
4E
VXWA\\EUA	NIXDU[WXANIE_UH[@@N 3_]Y]\SVQGJ^K^F@NJNINBUWWXO@@TAVRFIZI^\G[OA 	@@TT_T^RJQ_IR;	NMKSOAQVCU^QDO,UQNYVJ]BZ@U,ER\\RI_IDDXQ%XHNV[3PUJW]RJA_ITJ^O]H]\GUA	NKV[TXANE, \RV]GIROA		@T _DOXIVYVC[@\N[[	ANK@_^^]\@VQ
]YF@OA^UAISAO[=TOVSO_QUQNZSJ]E@N<QV@P^W]ANE, ^RV]GIPO[^D\AW1 ^JW@R+
BNVFISQO[	SX[_[]\NXTVRPM]F\@U,ER\\RK_QTF@XI@NJNIN@Q\WXO@@TAVRFK^BT\G[OA 	@@TV[_TRJQ_IR;	NMHVOAQVCU^RDO,UQNYVJ]@Y@U,ER\\RI_IDDXU%\BYNMA	.EZOVSJCAGF@^E[_DISOA		@TSPUURVQW; 	]UCRSSH@Q YER\^WVQ
][F@OCXXGISAO[ \]J^XVJCCIQ	ANVUJWWSI\Q@S\	7QIZ_V XWB[\GHOA3LVZ]\RK_QW%		D[YRSI_@SPYWY2]PNQI/QAYH\C^]@MJW_VCB@[_VNVFMUZWI@Q	V7BQQ CDYHX	[YRQM@QPTJWNQNCK[QXJ	^UCAPWITC\SNLC	SXIQXCLXTXAR<	QV@RBOVPMCCZQ
2NMHQSSI]_NP2
@IBDXWAR^[GIR<RK[QV
@S=
QNYTJ_\N		AYPNXBZARB	XIB^K@XHX
	<		BNKS^VDO IBF_HX JAYAJYCXARLE AQQ@AXPJ]R@NHNINBW^WXO@@nXWA\@UAYK[C\@NLQ3QIZCDXUVO

< _SX_W[@@HDC[ ,EZRXWN	 &
PLVX]^NXIG^QLZ@\@U	NI]DRVWDO	nKOJ]\GHOA SX_QDOXIV[PM_@\N[[	ANK@]PZ]\@VQ
]YF@OCX[EISAO[=TOVSJ_QUQNZSJ]A@N<QV@P^WYANE, ^RV]GIPO[^D\AS1UYOVXT 7^NMHSSQUN@TU]Y^RJ_Q^F@\D]]AIOA
=L\NXKCCZQRV]EHOA 	B@TT[\^RJQ_IGHOJN_DHQSS[@QPVJWNQIBA[QXJ3AYH\_NLU_]\SVQ^+ XWA^\GIROA
	1A_@@BC[XJVM]@]3FKSAYN
A8HQIZCFDF NVDHT[RI\_NPJW]QCAE[Q3	RAC]C\@NLY @@BA[Q	CNVUJQ[SI\Q@SY_NXX@ASCDJHX HAYAJ^K\ARLE%TQNYTVONMKTSSH@QjOVSHCC[ _V3 P[VB\AQEZZ\RK,BYQNF	&^QV@R^KJXI@_ CLXTVO AYRMYC\ANLP%
TBVRUJ]A@N[VB^BNLC	QXIQXDBXTXARQACN@_FT^EDOZIV[WM[@\N[[ 
3LVXANQIYCDYHX	(AYH^C\ASB	,AGJ^K]@_[[QTSI],]CPLJ
4E
VXWA\\EUA	NI_BQ_WXANIE\WJZ@@N 3_]Y]\SVQGJ^K_B@NJNINBQZWXO@@TAVRFI^DX\G[OA 	@@TT[YXRJQ_IR;	NMHSOAQVCU^VDO,UQNYVJ]@]@U,ER\\RI_IDDXU%\BUNMA	.EZOVSJCAGF@^I]YNISOA		@TR^UXRVQW; 	]UCRSSH@Q YER\^[VQ
][F@OCYZOISAO[ \]J^YTBCCIQ	ANVUJVU[I\Q@S\	7QIZ_V XWB[\GHOA3LVZ]\RK_QW%		D[YRSI_@SPYWY2]PBQI/QAYH\C^]@MJW_ZHKC[_VNVFLW[PI@Q	V7BQQ CDYHX	[YRQA@QPTJWNQO@E[QXJ	^UCAPVJZC\SNLC	SXIQX@BXTXAR<	QV@RBOVPMCCZQ
2NMHQSSI]_NP2
@IBDXWAR^[GKU<VKNISS3YIEXTHAR	[YPZNXC\]@ZNXIJ@\_V3 R[VB\ASB	XIFYQ	CNVUHRSWI\Q@SY_NXXBB[CDJHX HAYAH]CXARLE%TQNZTVONMKTSQO@QjOVSHCCY_V3 P[VB\AQEZZ\SL,B^QNF	&^QV@R^KJXIE]DAXTVO AYQH]@YANLP%
TBVRUJ]A@N[VBYENLC	QXIQ_ELXTXARQACNG_GZ^EDOZIV\WLU@\N[[ 
3LUXANQIYCE^HX	(AYH^C\@TB	,AGJ^K]@_[[QTSHZ,]DWLJ
4E
VXWA\\EUA	NIZIR\WXANIFYWM\@@N 3_]Y]\SVQGJ^KXE@NJNINEV^WXO@@TAVRFNY@\\G[OA 	@@TS\]\RJQ_IR;	NMKSOAQVCU^QDO,UQNYVJ]AZ@U,ER\\RI_IDDYR%\EZNMA	.EZOVSJCAGF@[I_TAISOA		@TV^]TRVQW; 	]UCRSSH@Q YER\YTVQ
][F@ODX_EISAO[ \]JYXQHCCIQ	ANVUMWPQI\Q@S\	7QIY_V XWB[\FOOA3LVZ]\SL_QW%		D[YRSI_@SPYV^2]WMQI/QAYH\C^]@MJW[RMDA[_VNVEH[WUI@Q	V7BQQ CDYHX	[YRVN@QPTJWNVNEG[QXJ	^UCAWWOXC\SNLC	SXIQ_E@XTXAR<	QVCRBOVPMCB]Q
2NMHQSSHZ_NP2
@IBDXWAR^[GHU<RL\QV
@S=
QNYTJ_\N		AYUHXJ[ARB	XIA[CBXHX
	<		BNKS^VDO IBAXHX JAYAM^G\ARLE AQQGF\TJ]R@NHNINEPZWXO@@nXWB\@UAYK[C]GNLQ3QIZCDYRVO

< _SX_W[@@HDCZ,E]UXWN	 &
PLVX]^NXIBZSL\@\@U	NI^AV]WDO	nKOJ]\GHOA SX_ VDOXIV\VM_@\N[[	ANK@ZPZ]\@VQ
]YF@OD^[EISAO[=TOVPJ_QUQNZSJ\F@N<QV@P^V^ANE, ^RV]GIPO[^D\@T1RZOVXT 7^NMHSSQUN@TSXYYRJ_Q^F@_@ZZOIOA
=L\NXKCCZQRV]BKOA 	B@TS[]XRJQ_IGHOJNXDIWSS[@QPVJWNVICG[QXJ3AYK\_NLU_]]TVQ^+ XWA^\GHUOA
	1A_@@BC[XJVM]AZ3FLPAYN
A8HQIZCFDF NVALPVSI\_NPJW^RCCB[Q3	RAC]C\@NLY @@BFXQ	CNVUMPPUI\Q@SY_NXXG@XCDJHX HAYAM_@ZARLE%TQNZTVONMKTSRO@QjOVSHCCZ_V3 P[VB\AQEZZ\SI,BXQNF	&^QV@R^KJXIG]ELXTVO AYRN_@[ANLP%
TBVRUJ]A@N[VB_FNLC	QXIQX	A@XTXARQACN@TCV^EDOZIV[\HY@\N[[ 
3LUXANQIYCE[HX	(AYH^C\@QB	,AGJ^K]@_[[QTSH_,]BTLJ
4E
VXWA\\EUA	NIXDU[WXANIE_UH[@@N 3_]Y]\SVQGJ^K^F@NJNINBUWWXO@@TAVRFIZI^\G[OA 	@@TT_T^RJQ_IR;	NMKSOAQVCU^TDO,UQNYVJ]A_@U,ER\\RI_IDDYW%\CYNMA	.EZOVSJCAGF@YD[Z@ISOA		@TQQ\ZRVQW; 	]UCRSSH@Q YER\_WVQ
][F@OC[ZGISAO[ \]J^[TJCCIQ	ANVUJTUSI\Q@S\	7QIY_V XWB[\FJOA3LVZ]\SI_QW%		D[YRSI_@SPYV[2]QNQI/QAYH\C^]@MJWXQMJB[_VNVFOTSTI@Q	V7BQQ CDYHX	[YRPM@QPTJWNQMAK[QXJ	^UCAPTKTC\SNLC	SXIQXALXTXAR<	QVCRBOVPMCBXQ
2NMHQSSH__NP2
@IBDXWAR^[GHU<RLTQV
@S=
QNYTJ_\N		AYTK]DUARB	XIAYKBXHX
	<		BNKS^VDO IBAPHX JAYAMXJZARLE AQQG@QRJ]R@NHNINEVWWXO@@nXWB\@UAYK[C]GNLQ3QIZCDYRVO

< _SX_W[@@HDCZ,E]]XWN	 &
PLVX]^NXIC[RJZ@\@U	NI^CQ\WDO	nKOJ]\GHOA SX_ ^DOXIV\QHU@\N[[	ANK@Z UP]\@VQ
]YF@ODY^OISAO[=TOVPJ_QUQNZSJ\F@N<QV@P^V^ANE, ^RV]GIPO[^D\@Q1TYOVXT 7^NMHSSQUN@TWQ[_RJ_Q^F@\F\TNIOA
=L\NXKCCZQRV]DHOA 	B@TT^^^RJQ_IGHOJN_AJQSS[@QPVJWNQL@A[QXJ3AYK\_NLU_]]QVQ^+ XWA^\GHPOA
	1A_@@BC[XJVM]A_3FJSAYN
A8HQIZCFDF NVCISVPI\_NPJW]WBKE[Q3	RAC]C\@NLY @@B@[Q	CNVUJUSSI\Q@SY_NXX@E[CDJHX HAYAJZC\ARLE%TQNZTVONMKTSRJ@QjOVSHCCZ_V3 P[VB\AQEZZ\RN,@\IJ(KNI]AR\E@@BJY	CDDF
	UCQWTA\_NP2
BIBDXUVO	AYPN@QPTJWNTHGC[_V^NM[UQWI\Q@SY\NXXEA_CVDF3AC]C@S
]ZZ\RN_QC7OJ]^GISWO[	
j	QXIB[@	DFHZ@\X(JUAYN
A8HQIZCFDF NVFAQPSI@QGER__[JC_IT2HAYRI\B@SCOVQL_QPWXWRYUEISAO[ \]JXUPJCQG\RVNB@QSS[@Q j		@@BCGJ^HZ@\X[[	3SX_WX]XNXT 7_NMHSSP@Q^FR^8[XNXQW; 	^UCRSSK@Q		LV__^RJ_Q^F@_C\_GUA	.EYOVSJCBGOJ_Y[[	@NK@[WX]NNXDFJ^XXF\\G[OA 	@@TR^]\RX_Q^7NVFIOA
NI^FR^KJ	
,IEZTJ]D@N 3]]Y]\Q_QYCD\;IYRVU,ER\\RH_QIVRUL_D\\[[QVCP_WDO	nKOJ]\GHOA SX]KJ@IQAZ\J]R@NKNINDPVWJAN QNJQHU@\N[[ 
3LVXANQIYCD\HX	(AYH^C\AVB	,AGJ^K]@_[[QTSIX,_B@TNE
,HZF@\@\^[[[VBYBR^KJQQBGZTVO

< ]SX_WYANIG[HX JAYAMUE\A@B	HQIIJBXTXARRACNGUGR^KJ,
EVRUJARUCQTSIX_NE8	NXKAC[GXJ(JNI]AR]HKJ_[RJG,XQNF	&^QV@R^KJXIB_JDXHX	[YQSMTC@SS3ZIEXTKAR 	AYJ^_N@[OV@NEG[QXJ	^UCAWUM\CN]@T]@@QG]CDJHX([VB\]@QER_[RJG_IU;	RV]EISSWUN
A8IQIZCGHX_G\\C&PRACQ	V7AQQ CDZHXNMHPVQI\_NPJW][LFCG/RAYH\C]]@PNXIB_IGIOJNXDKSSAUNEROXQHCCIQ	ANVUMPQSIN_N[8XIB[QF@_G\\CUA,@TUX]\VVQW; 	_UCRSSJ_NCU^S7^\@@QW%		E[YRSI^_N]Y_ZZJC_IAXWATTCIOA
=L\NXKCCZQRV_GUA_SXLWX]\@VQ
]ZF@OD\\GIAOASLE\]\RJQ_IR;	NMHSOAQVCU^SDO,UQNYVJ]@X@U,ER\\RI_IDDZQ%\DXNMA	.EZOVSJCAGF@XD_]CISOA		@T_PXXRVQW; 	]UCRSSH@Q YER\XVVQ
][F@OD\XOISAO[ \]JY\VBCCIQ	ANVUMSW[I\Q@S\	7QIY_V XWB[\ELOA3LVZ]\PO_QW%		D[YRSI_@SPYW\2_[XIIT2KAYRI\A@SEER_]VBCCGOJ^ZBNSOA
	1A]@@BC[ _VNVD@OA 	B@TQPU\RX_QPVXWRZTOISAO[ _]J[TZJCQG
%	UCRSO[NKPYW\AN4XVRUH]@\X[[3PTJW]RJ@GACXTN2CTNMA	.EZOVSJCAGF@_@_ZGIOASX\ Q_]@@R+
ANVFISRO[ LTPANQNJRO[@\N[[	ANK@X QX]NNXDEJ^X[EZ\G[OA 3PER\\NXIACXTNAR	<
[VB^AR^KJ
4E
WXWA\\DOAQN\C].UZ]O	nHOJ]\GKOAQVI[WWXANIB]PC]\N	 &
SLVX]]NXTVRSNARPACNBTAZ^EDOYIVY\JU@\N[[	BNK@_WP]\@VQX+RV]GUA
[VA[AR_E%IBFXTJ\\N	 &
QLVX]_VQA\CE7SOOJN 3\]Y]\PVQAQNQVB[@\@U	NIZGZ_KJ
4E
UXWA\\FUA	NKU[E @QQBL\TJ]R@NKNIN@ZZWXO@@TBVRFKUD\\G[OA 3PER\\NXIACXTKAR	<
[VB^AR^KJ
4E
WXWA\\DOAQN\C].UX]O	nHOJ]\GKOAQVHWVWXANIBPUO]\N	 &
SLVX]]NXTVRSLARPACNBTFP^EDOYIVY\M_@\N[[	BNK@_PZ]\@VQX+RV]GUA
[VA[AR_E%IBFXTJ\\N	 &
QLVX]_VQA\CE7SMOJN 3\]Y]\PVQAQNQ\CT@\@U	NIZHW^KJ
4E
UXWA\\FUA	NKUYE @QQBMXPJ]R@NKNIN@[^WXO@@TBVRFKT@X\G[OA 3PER\\NXIACXTKAR	<
[VB^AR^KJ
4E
WXWA\\DOAQN\C].U^]O	nHOJ]\GKOAQVFZYWXANIBXWK]\N	 &
SLVX]]NXTVRSJARPACNBZIR^EDOYIVYRB]@\N[[	BNK@__X]\@VQX+RV]GUA
[VA[AR_E%IBFXTJ\\N	 &
QLVX]_VQA\CE7SKOJN 3\]Y]\PVQAQNPUN]@\@U	NIZ@WWKJ
4E
UXWA\\FUA	NKU_E @QQBCYVJ]R@NKNIN@U_WXO@@TBVRFKZA^\G[OA 3PER\\NXIACXTKAR	<
[VB^AR^KJ
4E
WXWA\\DOAQN\C].U\]O	nHOJ]\GKOAQVIV_WXANIBZ\B]\N	 &
SLVX]]NXTVRSHARPACNB[EV^EDOYIVYSNY@\N[[	BNK@_S\]\@VQX+RV]GUA
[VA[AR_E%IBFXTJ\\N	 &
QLVX]_VQA\CE7SIOJN 3\]Y]\PVQAQNPSJ]@\@U	NIZESVKJ
4E
UXWA\\FUA	NKU]E @QQBC_RJ]R@NKNIN@UYWXO@@TBVRFKZGZ\G[OA 3PER\\NXIACXTKAR	<
[VB^AR^KJ
4E
WXWA\\DOAQN\C].UV]O	nHOJ]\GKOAQV@R\RX]@@
CQN_TB[@@N 3_]Y]\SVQGJ^MU\NP[VQ]HQXWJANQNJUC^F\\UUA]SXL^[[\RX_Q^7NVFIOA
NI^FR^KJ	
,IEZTJ]A@N 3]]Y]\Q_QYCDY;MTRVU,ER\\RH_QIVRUJXCT\GUA	NKU\TXANE, \RV]GIROA		@T^DOXIVY]LU@\N[[	ANK@_QP]\@VQ
]YF@OAUZOISAO[=TOVSJ_QUQNZSJ]A@N<QV@P^WYANE, ^RV]GIPO[^D\@W1QJW@R+
BNVFISQO[	SXWTX]@@
CQNYQM]@@N 3_]Y]\SVQGJ^H[\NP[VQ_BT^EDOYIV[WL]@N@U]QVSQ]WXO@@nXWB\@UAYK[C]DNLQ3QIZCDYQVO

< _SX_W[@@HDCZ,F_F@R	
 <	C@TWX_@@IBD[QJ]\NAC]EXFRB	,AEJ^K]@]@UNI^FNLC	QXIQXADXFVO QAY[_F^ARLE BQQ@AZTJO\N<NKP^E	NXHDCZ_V/UCRQSI]F@SS3XIEXTI\N^@IRV<KXQV
@S=
QNYTJ_\N		AY[KTC\]@ZNXKGBR_V3 R[VB\ASB	XIA_Q	CNVUJSWSIN_N@ZOV@ICG[QXJ	]UCAPSM\CN]@Z2QQCXJOJ^[GHVOA.
]Y_\RKF_IT2JAYRI\@]@\WYX3POQI/QAYH\C^]@MJWT[NCCGOJ]XNMSOA
	1A]@@BC[ _VNVELOA 	B@TTZ]\RX_QPVXWR_^GISAO[ _]J^^RJCQG
%	UCQSO[NKPYV]AN4XVRUH]@]Y[[3PTJW]RJ@GACXUO2B^NMA	.EZOVSJCAGF@Z@X\GUA	NKS\UXANE, \RV]GIROA		@TUDOXIVZSH]@N@U^QVSPYWXO@@TBVRFHZB\\UUA ,]Z]@@QQDDYQVO&
AC]A\AS[E
,H[F@\@\_
UAQTI]F3CQLJ
4E
VXWA\\EUA	NI[GW^KJQQ @@]TVO

< ]SX_WYANIF[HX JAYAKTK\A@B	HQIIKLXTXARRACNATIR^KJ,
EVRVJARUCQTSHY_NE8	NXKAC[ FXJ(JNI]AR]HKJ_[RKF,YQNF	&^QV@R^KJXIFR CDDF
	UCRRPH\_NP2
BIBDXUVO	AYQI@QPTJWNPNCC[_V^NM[QWSI\Q@SY\NXXAG[CVDF3AC^C@S
]ZZ\SO_QC7OJ]^GIRVO[	
j	QXIB[@	DFHZ@]Y(KRAYN
A8HQIZCFDF NVAMUSSUN]Y_\SJ_QW%		F[YRSI]_NPJW^SVQ
][F@OBYZGIAOAPLEZXZRJQ_IGKOJN^BOSSAUN1GNXHC_IXVRVM]AY@U&NKS\WYX@@R+
CNVFISPUNA[AS[jUPOVXT 7^NMHSSQUN@TVY]\RVQFJ^KZBY\[[3PVJW]RJB_I]XWBT@U_QVSQXWXO@@TAVRFI[H\\UUA]SXLQP]\@VQX+RV^GUA
[VA[AS[E%IBFXTKX\N	 &
QLVX]_VQA\BA7VCOJN 3\]Y]\PVQAQNYUBU@\@U	NI]IRZKJ
4E
UXWA\\FUA	NKPWE @QQ@L\TJO\NQ[VQ_IV^EDOZIV[\N]@N@U
&@TWDOXIA\BADF3AYRK\C]DNLP%
T@VRUJ]C@UKTSQO3J^SX	,AFJ^K]@^@UAC]FXE[^KJQQBFXTVO

< ]SX_WYANIMZHX JAYAK_KXARLE AQQAGPPJ]R@NHNINCQVWXO@@nXWB\@UAYK[C^GNLQ3QIZCDZRVO

< _SX_W[@@HDC[,A[F@R	
 <	C@TWX_@@IGE\RJ]\NACXCXBRB	,AEJ^K]@]@UNIYBNLC	QXIQZ @BXTXARQACNB]BT^EDOZIVYUI[@\N[[ 
3LVXANQIYCDZHX	(AYH^C\APB	,AGJ^K]@_[[QTSI^,YC@TNE
,HZF@\@\^[[[V@UFV^KJQQJG_TVO

< ]SX_WYANIAZHX JAYAH]CXARLE AQQBEXPJ]R@NHNIN@S^WXO@@nXWA\@UAYK[C\CNLQ3QIZCDXVVO

< _SX_W[@@HDC[,AYF@R	
 <	C@TWX_@@I@LXSJ]\NAC_K_CRB	,AEJ^K]@]@UNIY@NLC	QXIQZDFXTXARQACNB\FP^EDOZIVYTM_@\N[[ 
3LVXANQIYCDZHX	(AYH^C\APB	,AGJ^K]@_[[QTSI^,YA@TNE
,HZF@\@\^[[[V@ZEW^KJQQDFPTVO

< ]SX_WYANIAXHX JAYAH\G\ARLE AQQBD\TJ]R@NHNIN@RZWXO@@nXWA\@UAYK[C\CNLQ3QIZCDXVVO

< _SX_W[@@HDC[,A_F@R	
 <	C@TWX_@@IGLPPJ]\NACXGT@RB	,AEJ^K]@]@UNIYFNLC	QXIQZE@XTXARQACNB^GV^EDOZIVYVLY@\N[[ 
3LVXANQIYCDZHX	(AYH^C\APB	,AGJ^K]@_[[QTSI^,YG@TNE
,HZF@\@\^[[[VGZHP^KJQQ@CXTVO

< ]SX_WYANIA^HX JAYAH^@^ARLE AQQBF[VJ]R@NHNIN@P]WXO@@nXWA\@UAYK[C\CNLQ3QIZCDXVVO

< _SX_W[@@HDC[,A]F@R	
 <	C@TWX_@@IGAXQJ]\NACXAZARB	,AEJ^K]@]@UNIYDNLC	QXIQZCDXTXARQACNB^AR^EDOZIVYVJ]@\N[[ 
3LVXANQIYCDZHX	(AYH^C\APB	,AGJ^K]@_[[QTSI^,YE@TNE
,HZF@\@\^[[[VG_CQ^KJQQBAYTVO

< ]SX_WYANIA\HX JAYAH]ETARLE AQQBE^\J]R@NHNIN@SXWXO@@nXWA\@UAYK[C\CNLQ3QIZCDXVVO

< _SX_W[@@HDC[,AQF@R	
 <	C@TWX_@@IFFPWJ]\NACXD\GRB	,AEJ^K]@]@UNIYHNLC	QXIQZALXTXARQACNB_CZ^EDOZIVYWHU@\N[[ 
3LVXANQIYCDZHX	(AYH^C\APB	,AGJ^K]@_[[QTSI^,YI@TNE
,HZF@\@\^[[[VF\IS^KJQQFM[TVO

< ]SX_WYANIAPHX JAYAH^JZARLE AQQBFQRJ]R@NHNIN@PWWXO@@nXWA\@UAYK[C\CNLQ3QIZCDXVVO

< _SX_W[@@HDCZ,FYF@R	
 <	C@TWX_@@IE@^TJAR AYH^C]ANLP%
TBVRUJ]A@N[VA]]@T_@@QA^CDJHX KAYAKYE\A@B	KQIIFBXTXAR<	QVCRBOVPMCBYQ
2NMHQSSH^_NP2
@IBDXWAR^[GHQ<QINISS3YIEXTHAR	[YVZH\C@SBOVSK@B[Q3	RAC]C\@NLY @@ACG^RVNEMSSS[@QPUJWNPNCC[_V]NM[QWSI\Q@S\	7QIY_V XWB[\FKOA3LVZ]\SH_QW%		D[YRSI_@SPYVZ2^UXIIT2KAYRI\A@SEER\\QOCCGOJ]ZCNSOA
	1A]@@BC[ _VNVENOA 	B@TT]_\RX_QPVXWR_YEISAO[ _]J^YPJCQG
%	UCQSO[NKPYVZAN4XVRUH]@]^[[3PTJW]RJ@GACXUH2BZNMA	.EZOVSJCAGF@TF_\GUA	NKS[WXANE, \RV]GIROA		@TQDOXIV[WL]@N@U^QVSQ]WXO@@TBVRFI^F\\UUA ,]Z]@@QQDDYVVO&
AC]A\AS\E
,H[F@\@\_
UAQTI\J3@U\]O	nHOJ]\GKOAQVHV_RX]@@
CQNZQOT@\@U,ER\\RK_QTF@\G^@U_QVSVWSX]NNXDFJ^XYIXXGIAOASLE\TXVJCQG
%	UCQSO[NKPYWQAN4XVRUH]@\U[[3PTJW]RJ@GACXTC2A[_UCA
=L_NXKCCYQXWIYUCKSSO[LU]UYSJ_QW%		F[YRSI]_NPJW]UI_QPWXWRXU@OSSAUNEROX[MEC[_V]NM[WZTO\CN]@Z2QQCXJOJ^[GIZOA.
]Y_\RJJ_IT2JAYRI\@]@\WXT3SMCQQJQ3	QAC]C\CNLPOV[JDD_CXJNMKVSTJ\_NP2
BIBDXUVO	AYRN\_N@[OV@NKK[CVDF	E[YAWATC\A@B	KQIIKLXTJO\N<NKP^E	NXHDC[_V/UCRQSI\J@SS3XIEXTI\N^@ISZ<H[BNKLP%
TAVRUJ]B@NAY@^G[CR^EQIY@GYTVO

< ]SX_WYANIE_UVO PAY[XJ]CR^KJAIQ@QUH]@N@U]QVSVWUX]NNX_,	OJ^\[[
AC^D\A[B=QQ ADXTCAR	
 <	B@TWX^NXAD[J+YSLOJN 3\]Y]\PVQAQNYTK^C]\GUA	NKPXSZ]@@R+
ANVFISRO[ LV_[@@T@VRFO]G^\G[OA 	C@TRXZ^RJQ_IGKOJNYGNQSS[@Q j		@@ACGJ^HZ@\U[[	3SX_WX]UNXT 7_NMHSSP@Q^FR^8YZ[@@QW%		E[YRSI^_N]Y]_SMDC[QRV^A@S[SUN
A8KQIZCEDF	 UCRTTUNEROYSJGC[_V^NM[VRSM\CN]@T]@@QFZGDXFVO&NI^ANL\JW^UJCJG%NVFKSSS@@Q	V7@QQ CD[VOB[\G@<RTMNISS3YIEXTHAR	[YZTN]G\ANLE@@AEZ @DDF	&]QV@R^KJ	QQ D@DF	D[YAVI\K\A@B	HQIICDPTJO\NR[VQYARVWJAN4C F@_@@NAYQN\CU]@
G2XIBYCDQHX
	<		@NKS^TANPMCCRnBC]F@R	
 <	C@TWX_@@IJM]UJ]@@N[VAZBUYKJ
4E
UXWA\\FUA	NKSY KJ@IQAXPJ]@N@U^QVSW^WX]NNXDEJ^XX@X\GIAOA.AJW^RVQIF_TJT\N<
NI]CR^^DO	nIOJ]\GJOAK[C\H=__JW@R+
BNVFISQO[	SX_RXYTRJ_Q^F@_G][AIOA
=L\NXKCCZQRV]@AOA 	B@TRY^ZRJQ_IGHOJNYFJUSS[@QPVJWNWK@E[QXJ3AYK\_NLU_]\[VQ^+ XWA^\GIZOA
	1A_@@BC[XJVM]@U3FNZAYN
A8HQIZCFDF NVFIUZWM\C@SBOVPMGG^_V3 R[VB\ASB	XIB\_V_NM[VRUA\CN]@T^@@QFZKDXFVO RAY[YBZIR^KJ,
EVRVJARUCQTSIU_NE8	NXKAC[JXJ(JNI]AR]HKJ_[RHF,_QNF	&^QV@R^KJXI@_	KDXHX	[YPUKYC@SS3ZIEXTKAR 	AYMU_N@[OV@KCCSCVDF	E[YARI\K\A@B	KQII CDPTJO\N<NKP^E	NXHDCY_V/UCRQSI^F@SS3XIEXTI\N^@IQV<MTQV
@S=
QNYTJ_\N		AYPJ_F\ANLE@@@FYCXJ(HNI]AR_EQI_	_V_NM[ZTUI\Q@SY_NXXJD]CVDF	F[YAZNZC\SNLV3IADDF	RV^@IQVO[=QER\^RJAFG/PAYH\C_NLPX_Y=NDQQJQ3	QAC]C\CNLPOVQKKE[_VNVDMQQSUN
A8KQIZCEDF	 UCWTO[ ]]JTXVJCQG_RVNNMWSS[@QPVJWN[NGC[_V/AYQI@Q@TPX_YNXA,F@\B\\ELOA
=L^NXKCCXL_VZSJ_E3XA[YA
	1A^@@BC[_V
OJ_\CKSSO[LT[_^RVQW; 	]UCRSSH@Q YERYZNXDGJ^XTA^\G[OA 	C@T^Y_\RX_QPUXWRU]EISAO[=TOVPJ_QUQNZSJ_E@N<QV@P^U]ANE, ^RV]GIPO[^D\CW1RJW@R+
BNVFISQO[	SX\WZ]\NXTVRWH_D\@U,ER\\RK_QTF@YE@NJNINIZ^WJANQNJ\B]@\N[[	BNK@VWX]NNX_,	OJ^\[[
AC^D\CWB=QQ ADXVOAR	
 <	B@TWX^NXAD[F+\PXWN	 &
PLVX]^NXIF_RL]@@N[V@]CU^E
,HYF@\@\][[ QVEVB	IQII	GLXTXARQACNKXIR^KJBIQL\\J]R@N
<	SX\KJ@@AD[FXJ  3[YRQI\AY]@S=
QNYTJ^@NENSQV&X@NKLP%
TAVRUJ]B@NAYKZ@XARB	XI@[BDDF	&]QV@R^KJ	QQ@XJ	_UCA[RO\CN]@T^@@QKZCDJHX HAYAA]E\A@B=IFXHXNVENSQVUN1\JW]PJCA^Q3	PAC]C\BBU_]^W%GAIV3 Q[VB\APBNXHFC]CXJNMKZPUI@Q	V7BQQ CDYHX	[YWQUNERO[ZNCCIQ	BNVUN[WSIN_N@YOV@MKG[QXJ3AYK\_NLU_]^WVQ^+ XWA^\GKVOA
	1A_@@BC[XJVM]BY3CHAY[	
j	PXIB[AXJRV^DAQSSUN]ZUXPJ_QW%		F[YRSI]_NPJWXSVQ
][F@OGY^GIAOAPLE_X^RJQ_IGKOJN[BKSSAUN1GNXHC_IXVRVM]BY@U&NKS\WZX@@R+
CNVFISPUNA[AP[jSXOVXT 7^NMHSSQUN@TU^^\RVQFJ^HZDU\[[3PVJW]RJB_I]XWD\@U_QVSU\WXO@@TAVRFM_@\\UUA]SXLUX]\@VQX+RV^GUA
[VA[AP[E%IBFXTHX\N	 &
QLVX]_VQA\CC7UB\RVU,ER\\RH_QIVRUK]H]^GIOASX\^PU\NXT 7]NMHSSRUN	]YU]NXDGJ^XXB_^GIAOAPLE]__PJCQG\RVNBKPQSIN_N[8XIA[QF@_G\\@UA,@TUX]\UVQW; 	_UCRSSJ_NCU^P7\TRXIIT2KAYRI\A@SEER\\ZBEF[_VNVENTRUI@Q	V7BQQ CDYHX	[YR[I@QPTJWNWHCC[QXJ	^UCAVQI\C\SNLC	SXIQ^CDXTXAR<	QVCRBOVPMCC\Q
2NMHQSSI[_NP2
@IBDXWAR^[GIT<RA_QV
@S=
QNYTJ_\N		AYRHXDTFR^EQIY	FG_TVO

< ]SX_WYANIEPWVO PAY[YAUGR^KJAIQAZ]L]@N@U]QVSW\QX]NNX_,	OJ^\[[
AC^D\AUB=QQ ADXTMAR	
 <	B@TWX^NXAD[D+Y\HOJN 3\]Y]\PVQAQNYUHZHZ\GUA	NKPVQZ]@@R+
ANVFISRO[ LVP_@@T@VRFO_FX\G[OA 	C@TRZ[XRJQ_IGKOJNYEOWSS[@Q j		@@ACGJ^HZ@\[[[	3SX_WX][NXT 7_NMHSSP@Q^FR^8YUY@@QW%		E[YRSI^_N]Y\TZMCC[QRV^NIZRSUN
A8KQIZCEDF	 UCR[VUNEROYQLCC[_V^NM[VPUI\CN]@T]@@QFXCDXFVO&NI^ANL\JW^UJCDG%NVFKSSSN@Q	V7@QQ CD[VOB[\GN<R[MNISS3YIEXTHAR	[YRROTBYARB	XIAS	BGXHX
	<		BNKS^VDO IBL\HX JAYAL_ATARLE AQQFGZ\J]R@NHNINDQ\WXO@@nXWB\@UAYK[C\FNLQ3QIZCDXSVO

< _SX_W[@@HDC[,EPSXWN	 &
PLVX]^NXIEZWJ[A\\[[QVC[X VXANE, \RV]GIROA		@T__ANQNJQN_D\\UUA^SXL SZY\RX_QPUXWRYXEMSSAUN1GNXHC_IXVRVM]@[@U&NKS\WXZ@@R+
CNVFISPUNA[ARYjVP[NXQW; 	^UCRSSK@Q		LVZ]UWHCCGOJ^UDNSSO[	
j	SXIB[BXJ NMH[UO[ ]]JX_[HCCIQ	BNVULPZQI\Q@SY\NXXF@RCDJHX([VA\]@QER_[RJD_IU;	RV]EISSTUN
A8IQIZCGHX_G\\@&R[Z[VNP2
AIBDXVVOUCRQTJZC\ANLE@@@CY DDDF	&]QV@R^KJ	QQ KMDF	D[YAVMTK\A@B	HQIIGLPTJO\NR[VQYEZVWJAN4C F@_@@NAYQN\C[]@
G2XIBYCD_HX
	<		@NKS^TANPMCC\nBLPF@R	
 <	C@TWX_@@IBF]UCZ@\@U	NI^H[]WDO	nKOJ]\GHOA SX__DOXIV]PO[@\N[[	ANK@[R^]\@VQ
]YF@OEXYAISAO[=TOVPJ_QUQNZSJ]G@N<QV@P^W_ANE, ^RV]GIPO[^D\@Q1V_OVXT 7^NMHSSQUN@T^]ZURJ_Q^F@\C_ZDIOA
=L\NXKCCZQRV]FNOA 	B@TTYUXRJQ_IGHOJN_FAWSS[@QPVJWNQKKG[QXJ3AYK\_NLU_]]QVQ^+ XWA^\GHPOA
	1A_@@BC[XJVM]A^3FKZAYN
A8HQIZCFDF NVD@RVZI\_NPJW]WLKG[Q3	RAC]C\@NLY @@BARQ	CNVUJVU[I\Q@SY_NXX@F]	CDJHX HAYAJYETARLE%TQNZTVONMKTSRK@QjOVSHCCZ_V3 P[VB\AQEZZ\SH,B^ QNF	&^QV@R^KJXIEYEEXTVO AYQIX@ZANLP%
TBVRUJ]A@N[VBY@NLC	QXIQ_DFXTXARQACNG^FP^EDOZIV\VM_@\N[[ 
3LUXANQIYCEZHX	(AYH^C\@PB	,AGJ^K]@_[[QTSI_,_I@TNE
,HZF@\@\^[[[VA\BT^KJQQFB_TVO

< ]SX_WYANIGPHX JAYAOYE\A@B	HQIIFBXTXARRACNEYGR^KJ,
EVRUJARUCQTSI__NE8	NXKAC[@XJ(JNI]AR]HKJ_[RJ@,XQNF	&^QV@R^KJXIAZKDXHX	[YQUL[C@SS3ZIEXTKAR 	AYJU_N@[OV@LKK[QXJ	^UCAU[A\CN]@T]@@QES	CDJHX([VB\]@QER_[RJ@_IU;	RV]EISSPUN
A8IQIZCGHX_G\\D&PQACQ	V7AQQ CDZHXNMHWPZI\_NPJW^RNKCG/RAYH\C]]@PNXIA_IGIOJNXAMSSAUNEROXTNCCIQ	ANVUMUWSIN_N[8XIB[QF@_G\\DUA,@TUX]\QVQW; 	_UCRSSJ_NCU^T7^_@@QW%		E[YRSI^_N]YX_RJC_IAXWB]_EIOA
=L\NXKCCZQRV_DUA_SXL^^]\@VQ
]ZF@ODUZGIAOASLE\TZRJQ_IR;	NMHSOAQVCU^TDO,UQNYVJ]@_@U,ER\\RI_IDDXW%^@NV[3PUJW]RJA_ITJ^K_FT\GUA	NKSVSXANE, \RV]GIROA		@TWDOXIV\TJ]@N@U^QVSV^WXO@@TBVRFN]@\\UUA ,]Y]@@QQDDXWVO&
AC]A\AR]E
,H[F@\@\_
UAQTI\@3BSLJ
4E
VXWA\\EUA	NI]BW\WDOIBM^QJAR	
 <	@@TWX\@@]QN[UVO PAY[X@^ARLE AQQGGZTJO\NR[VQXBP^EDO,PJ^K]\N[YQTI\@@SZ7@@BA[CGDF	&_QV@R^DO^UJC@4EVRX
	<		ANKS^UDO	
QIZ	AGXTVO AYQJUC\]@S=
 QNYTJ\\N AC_E@SY^NXXFJYCVDF	E[YAV@^C\SNLC	SXIQ^ADXFVO&NI]ANL\JW^UJC@G%NVFKSSSJ@Q	V7@QQ CD[VOB[\GJ<PT[VNP2
AIBDXVVOUCRZQA\C@SBOVPNDK[Q3	RAC]C\@NLY @@@DG^RVNAKWSS[@QPUJWNTHGC[_V]NM[UQWI\Q@S\	7QIZ_V XWB[\GJOA3LVZ]\RI_QW%		D[YRSI_@SPYW[2_VXIIT2KAYRI\A@SEER\ZPNCCGOJ^^FNSOA
	1A]@@BC[ _VNVDMOA 	B@TRZU\RX_QPVXWRY^OISAO[ _]JX^ZJCQG
%	UCRSO[NKPYW[AN4XVRUH]@\_[[3PTJW]RJ@GACXTI2CYNMA	.EZOVSJCAGF@\G^^GIOASX\W[]@@R+
ANVFISRO[ LT]ANQNJQL]@\N[[	ANK@[WX]NNXDEJ^XXF\\G[OA 3PER\\NXIACXTIAR	<
[VB^AR^KJ
4E
WXWA\\DOAQN\B_.TV]O	nHOJ]\GKOAQVFQZWXANIA_\J]\N	 &
SLVX]]NXTVRRBARPACNBZ@T^EDOYIVYRK[@\N[[	BNK@_V^]\@VQX+RV^GUA
[VA[AS]E%IBFXTK^\N	 &
QLVX]_VQA\BG7RCOJN 3\]Y]\PVQAQN_RJ[@\@U	NIYHR[KJ
4E
UXWA\\FUA	NKTWE @QQBB\\J]R@NKNIN@TZWXO@@TBVRFK[DT\G[OA 3PER_\NXIACXUIAR	<
[VB^AR_KJ
4E
WXWA\\DOAQN\B_.TZ]O	nHOJ]\GKOAQVGQYWXANIAZ]K]\N	 &
SLVX]]NXTVRRNARPACNBXIZ^EDOYIVYPBU@\N[[	BNK@__P]\@VQX+RV^GUA
[VA[AS]E%IBFXTK^\N	 &
QLVX]_VQA\BG7ROOJN 3\]Y]\PVQAQN^RJU@\@U	NIYES_KJ
4E
UXWA\\FUA	NKT[E @QQBAZTJ]R@NKNIN@W\WXO@@TBVRFKXB\\G[OA 3PER_\NXIACXUIAR	<
[VB^AR_KJ
4E
WXWA\\DOAQN\B_.TX]O	nHOJ]\GKOAQVGZZWXANIA]WI]\N	 &
SLVX]]NXTVRRLARPACNBYDP^EDOYIVYQO_@\N[[	BNK@_ RZ]\@VQX+RV^GUA
[VA[AS]E%IBFXTK^\N	 &
QLVX]_VQA\BG7RMOJN 3\]Y]\PVQAQN_TC[@\@U	NIYGWXKJ
4E
UXWA\\FUA	NKTYE @QQBAPPJ]R@NKNIN@WVWXO@@TBVRFKXHX\G[OA 3PER_\NXIACXUIAR	<
[VB^AR_KJ
4E
WXWA\\DOAQN\B_.T^]O	nHOJ]\GKOAQVDVWWXANI@PVK]\N	 &
SLVX]]NXTVRRJARPACNB_GR^EDOYIVYWL]@\N[[	BNK@_QX]\@VQX+RV^GUA
[VA[AS]E%IBFXTK^\N	 &
QLVX]_VQA\BG7RKOJN 3\]Y]\PVQAQN]SJ_@\@U	NIXHQYKJ
4E
UXWA\\FUA	NKT_E @QQBGQVJ]R@NKNIN@QWWXO@@TBVRFK^I^\G[OA 3PER_\NXIACXUIAR	<
[VB^AR_KJ
4E
WXWA\\DOAQN\B_.T\]O	nHOJ]\GKOAQVD[\WXANIAXQN]\N	 &
SLVX]]NXTVRRHARPACNBXCV^EDOYIVYPHY@\N[[	BNK@_U\]\@VQX+RV^GUA
[VA[AS]E%IBFXTK^\N	 &
QLVX]_VQA\BG7RIOJN 3\]Y]\PVQAQN^UNY@\@U	NIY@U\KJ
4E
UXWA\\FUA	NKT]E @QQB@]RJ]R@NKNIN@V[WXO@@TBVRFKYEZ\G[OA 3PER_\NXIACXUIAR	<
[VB^AR_KJ
4E
WXWA\\DOAQN\CZ.SVERNE, _RV]GIQOANKS^_^X\RVQFJ^HZG]ZGUA	.EYOVSJCBGOJ]TGUA_SXL UX]\RX_QPVXWRY^GISSAUNEROYPJCC[_V/AYRL@Q@TPX]ZNXA,F@\B\\GOOA
=L^NXKCCXL_VZSJ]F3]OHAY[	
j	PXIB[AXJRV]FI[RQI\_NPJW^UCKK[Q3	RAC]C\@NLY @@BKZQ	CNVULQPQI\Q@SY_NXXFAXCDJHX HAYAL^@^ARLE%TQNYQVONMKTSSO@QjOVSHCC[_V3 P[VB\AQEZZ\RL,BSQNF	&^QV@R^KJXIBZDL^TJAR AYKTAZCRB	,AEJ^K]@]@UNI]IPB	IQIIAB\TJO\NQ[VQYCTZWJAN QNJQH[D\\UUA ,]YX@@QQDDXRVO&
AC]A\ARXE
,H[F@\@\_
UAQTI\E3@Z]]O	nHOJ]\GKOAQV@SZ__]\NXTVRVBXC[\[[3PVJW]RJB_I]XWAT_[[	@NK@[^^]\@VQ
]ZF@OE^UAISAO[ _]JX^[LCCIQ2[YRVUNSX\WX[@@nJ^K_@\\AUA	.E[OVSJC@QF_TJ[/]TC[YA
	1A^@@BC[_V
OJ]]AARVSI@QGER_TZK@CG/RAYH\C]]@PNXKKGG^RVNBJQ[SIN_N@ZOV@O@ASCVDF	F[YAVJ^K\A@B=IE]HXNVENSSUUN1\JW]PJCC]Q3	PAC]C\BBU_]\T%BK^IJ(KNI]AR\E@@BBS	DDXTVO AYQ@\J]ANLP%
TBVRUJ]A@N[VBTDNLC	QXIQ^EDXTXARQACNF_GR^EDOZIV]WL]@\N[[ 
3LV]ANQIYCD^HX	(AYH^C\ATB	,AGJ^K]@_[[QTSIZ,]ITLJ
4E
VXWA\\EUA	NI]CRW UX]@@
CQNZ]IZ@\@U,ER\\RK_QTF@\HZ@U_QVSW]UX]NNXDFJ^XXCU^GIAOASLE]^UPJCQG
%	UCRVO[NKPYW^AN4XVRUH]@\Z[[3PTJW]RJ@GACXTL2AT[UCA
=L_NXKCCYQXWA^_GORSSUN]ZTZWKC_IT2HAYRI\B@SCOVSBD_IGIOJNYCKWSS[@QPUJWNWNAG[QXJ	]UCAVWKXC\SNLV3IBADF	RV^@ISUO[=QER\^RJCEG/PAYH\C_NLPX]Z=KKKIV3 Q[VB\APBNXKAFZDDXHX	[YQZ@_@\]@S=
 QNYTJ\\N AC]KT]@T_@@QF_EDXFVO QAY[YGYGR^KJBIQA\QL]@N@U
&@TRDOXIA\CBDF3AYRK\C\GNLP%
T@VRUJ]C@UKTSSO3BTH@TNE
,HZF@\@\^[[[VB^FQXWXANIGXVKZ@@N 3_]Y]\SVQGJ^KUI@NJNINDVVWXO@@TAVRFOYHT\G[OA 	@@TR\UTRJQ_IR;	NMHVOAQVCU^QDO,UQNYVJ]@Z@U,ER\\RI_IDDYU%TRVU,ER\\RH_QIVRUIX@\@U	NIXCZ^E
,HYF@\@\][[ QVHNLC	QXIQ]CDJHX KAYAOXC\SNLC	SXIQ]CDJHX([VA\]@QER_[RKB_IU;	RV]EISRRUN
A8IQIZCGHX_G\]F&[AYN
A8HQIZCFDF NVFIUSSUN][Z]RVQW; 	]UCRSSH@Q YERU@@T@VRFO[@\N[[	ANK@[WXO@@TBVRFO[@\N[[ 
3LUXANQIYCEYHX	(AYH^C\@SB	,AGJ^K]@_[[QTSH],_SX	,AFJ^K]@^@UACUC\]@ZNXKCB[Q3	RAC]C\@NLY @@@_IGIOJN]AISAO[ \]J\ZRJQ_IGKOJN]AISAO[=TOVPJ_QUQNZSJ\A@N<QV@P^VYANE, ^RV]GIPO[^D\@S1ERNE, _RV]GIQOANKQ^KJQQCDDF	&]QV@R^KJ	QQ_V_NM[[SS[@QPUJWNZJCQG\RVNOISAO[=TOVPJ_QUQNZSJ\A@N<QV@P^VYANE, ^RV]GIPO[^D\@S1ERNE, _RV]GIQOANKRB	XICG/RAYH\C]]@PNXK_QPWXWR\N[[	ANK@^KJBIQDJHX([VA\]@QER_[RKB_IU;	RV]EISRRUN
A8IQIZCGHX_G\]F&TAYN
A8HQIZCFDF NVOISSO[LTYX\NXT 7]NMHSSRUN	]_ANQNJPB]@N@U^QVSVVWJAN QNJPB]@N@U
&@TWDOXIA\BEDF3AYRK\C]@NLP%
T@VRUJ]C@UKTSRH3ENKLP%
TAVRUJ]B@NAYLZC\]@ZNXHEC[Q3	RAC]C\@NLY @@E_IGIOJNXGISAO[ \]JY\RJQ_IGKOJNXGISAO[=TOVPJ_QUQNZSJ\A@N<QV@P^VYANE, ^RV]GIPO[^D\@S1 ERNE, _RV]GIQOANKQZWDOIAD^TVO

< ]SX_WYANIADF	D[YAPK\CN]@T^@@Q@YCVDF	F[YAPK\CN]@Z2QQCXJOJ^[GHROA.
]Y_\RKB_IT2JAYRI\@]@\WY\3VXIIT2KAYRI\A@SEER\URJ_Q^F@\E_\[[3PVJW]RJB_I]XWD@NJNINCV^EDOYIVZPJ]R@NHNINCV^EDO,PJ^H]\N[YQTI]B@SZ7@@BA[BEDF	&_QV@R^DO^UJBF4 F@J^O

< ^SX_WZANQQEB_QJ]\NAC^B]BW^E
,HYF@\@\][[ QV@WZE @QQGG^\J]R@NKNINEQXWXO@@TBVRFN^FT\G[OA 3PER_\NXIACXUOAR	<
[VB^AR_ KJ
4E
WXWA\\DOAQN\B].TY]O	nHOJ]\GKOAQVFRWWXANIA^QL]\N	 &
SLVX]]NXTVRRMARPACNBYIV^EDOYIVYQBY@\N[[	BNK@_ _\]\@VQX+RV^GUA
[VA[AS_E%IBFXTK\\N	 &
QLVX]_VQA\AB7\COJN 3\]Y]\PVQAQNYPKTA\\[[QVITXWDO	nKOJ]\GHOA SXVKJ@IQFZ\B]@N@U^QVSP\_X]NNXDEJ^X_BTTGIAOA.AJW^RVQIF_TH[\N<
NI]CR^QDO	nIOJ]\GJOAK[C]G=V]O	nHOJ]\GKOAQV@RXWDOI@CYTVO

< ]SX_WYANILDF	D[YAVO\CN]@T^@@QF]CVDF	F[YAVO\CN]@Z2QQCXJOJ^[GHUOA.
]Y_\RKE_IT2JAYRI\@]@\WY[3[XIIT2KAYRI\A@SEER\_WJC_IAXWD^TGUA	.EYOVSJCBGOJU@U_QVSTZWJANQNJRN]@N@U]QVSTZWJAN4C F@_@@NAYQN\BZ]@
G2XIBYCE^HX
	<		@NKS^TANPMCB]nBVRX
	<		ANKS^UDO	
QI[QRV\[[3PVJW]RJB_I]XWA@NJNINA@B	HQIIQXJ	]UCASAUN1GNXHC_IXVRVM]AZ@U&NKS\WY[@@R+
CNVFISPUNA[ASXjUJW@R+
BNVFISQO[	SX]WDOIFDXHX
	<		BNKS^VDO IAXJ	_UCA[SIN_N@ZOV@BCCIQ	ANVUASSAUN1GNXHC_IXVRVM]AZ@U&NKS\WY[@@R+
CNVFISPUNA[ASXjTJW@R+
BNVFISQO[	SXWWDOIBDYTVO

< ]SX_WYANIGDF	D[YARO\CN]@T^@@QB]CVDF	F[YARO\CN]@Z2QQCXJOJ^[GHUOA.
]Y_\RKE_IT2JAYRI\@]@\WY[3VXIIT2KAYRI\A@SEER\URJ_Q^F@\E_\[[3PVJW]RJB_I]XWD@NJNINCV^EDOYIVZPJ]R@NHNINCV^EDO,PJ^H]\N[YQTI]E@SZ7@@BA[BBDF	&_QV@R^DO^UJBE4QNF	&^QV@R^KJXI@_CXJNMKSUSUN
A8KQIZCEDF	 UCVOAQLE[_\RX_QPVXWR_^GIAOASLE[_\RX_Q^7NVEIOA
NI^FR_KJ	
,IEZTJ\F@N 3]]Y]\Q_QYCE^;LOJN 3\]Y]\PVQAQN]RJ]\NAC^E\ANLP%
TBVRUJ]A@N[VE@SY^NXXGC[QXJ	^UCAWSI\Q@SY\NXXGC[QXJ3AYK\_NLU_]]TVQ^+ XWA^\GHUOA
	1A_@@BC[XJVM]AZ3@[YA
	1A^@@BC[_V
OJT\GIOASX]RXANE, \RV]GIROA		@TKJ@IQ@PTJO\NQ[VQXIR^KJBIQ@PTJO\N<NKP^E	NXHDCZ_V/UCRQSI]E@SS3XIEXTI\N^@IQV<H_KNKLP%
TAVRUJ]B@NAYM[DUER^EQIZFAXTVO

< ]SX_WYANIE[\VO PAY[_KYGR^KJAIQGPQL]@N@U]QVSQV QX]NNX_,	OJ^\[[
AC^D\CWB=QQ ADXVOAR	
 <	B@TWX^NXAD[F+YPIOJN 3\]Y]\PVQAQN]WKUB\\[[QV@ZXTXANE, \RV]GIROA		@TS[ANQNJPJ\F\\UUA^SXLWY[\RX_QPUXWRX\FOSSAUN1GNXKF_IXVRVM]@Y@U&NKS\WXX@@R+
CNVFISPUNA[AR[jV\_NXQW; 	^UCRSSK@Q		LRZ]ZZJC_IAXWATXFMSOA
	1A]@@BC[ _VNVFMQOAQLE[TTVJCQG_RVND@[WSIN_N@YOV@IJK_CVDF3AC]F@S
]ZZ\RO_QC7OJ]^GISVO[	
j	QXIB[@	DFHZ@\Y(HWRACQ	V7AQQ CDZHXNMLSZTK\C@SBOVSBBJ]_V3 R[VB\ASB	XIB_ _V_NM[PZVK\CN]@T^@@Q@RADXFVO RAY[_JYCR^KJ,
EVRUOARUCQTSIY_NE8	NXKAC[FXJ(JNI]AR]HKJ_[RJF,ZCVRX
	<		ANKS^UDO	
QI_KM]TJAR AYH[J[HRB	,AEJ^K]@]@UNI]ERB	IQIIJFXTJO\NQ[VQ_HP^WJAN QNJWC_@\\UUA ,]YX@@QQDDXQVO&
AC]A\AR[E
,H[F@\@\_
UAQTI\F3@VY]O	nHOJ]\GKOAQVDUVUX]@@
CQNY]O_D\@U,ER\\RK_QTF@\D[@U_QVSV_SX]NNXDFJ^XYAXXGIAOASLE\\XVJCQG
%	UCRVO[NKPYW]AN4XVRUH]@\Y[[3PTJW]RJ@GACXTO2AXZUCA
=L_NXKCCYQXWEZZDMSSO[LVQ_U[J_QW%		F[YRSI]_NPJW]VL_QPWXWRX]FKSSAUNEROXSKAC[_V]NM[WRRK\CN]@Z2QQ FXJOJ^[GIVOA.
]Y_\RJF_IT2JAYRI\@]@\WXX3SNFQQJQ3	QAC]C\CNLPOVWOGE^CXJNMHZSTO\_NP2
BIBDXUVO	AYRMY_N@[OV@NCK[CVDF	E[YAWITC\A@B	KQIICLXTJO\N<NKS[E	NXHDC[_V/UCRQSI\F@SS3XIEXTI\N^@ISV<HXGNKLP%
TAVRUJ]B@NAYLX@]ER^EQIZ	KA\TVO

< ]SX_WYANIE\PVO PAY[XCXIR^KJAIQ@XPB]@N@U]QVSV^_X]NNX_,	OJ]Y[[
AC^D\AWB=QQ ADXTOAR	
 <	B@TWX^NXAD[F+YPCOJN 3\]Y]\PVQAQN^THXC\\[[QV@[WPXANE, \RV]GIROA		@TSQANQNJPH]H\\UUA^SXLUXU\RX_QPUXWRX^GASSAUN1GNXKF_IXVRVM]@Y@U&NKS\WXX@@R+
CNVFISPUNA[AR[jV\UNXQW; 	^UCRSSK@Q		LRQ]^ZJC_IAXWAU[BISOA
	1A]@@BC[ _VNVFM[OAQLE\\[TJCQG_RVNCHTUSIN_N@YOV@NBD]CVDF3AC]F@S
]ZZ\RO_QC7OJ]^GISVO[	
j	QXIB[@	DFHZ@\_(HWPACQ	V7AQQ CDZHXNMLPR[K\C@SBOVSBE@X_V3 R[VB\ASB	XIB__V_NM[WSRO\CN]@T^@@QG[ EDXFVO RAY[XC]GR^KJ,
EVRUJARUCQTSI__NE8	NXKAC[@XJ(JNI]AR]HKJ_[RJ@,ZAVRX
	<		ANKS^UDO	
QI^CBPTJAR AYHTG]ERB	,AEJ^K]@]@UNI]EPB	IQIIJL\TJO\NQ[VQ_HZZWJAN QNJWCUD\\UUA ,]Y]@@QQDDXWVO&
AC]A\AR]E
,H[F@\@\_
UAQTI^F3@QW]O	nHOJ]\GKOAQVEZVQX]@@
CQNYSM[D\@U,ER\\RK_QTF@\CU@U_QVSQV_X]NNXDFJ^X^HTTGIAOASLE[UTZJCQG
%	UCQSO[NKPYU]AN4XVRUH]@^Y[[3PTJW]RJ@GACXVO2B\NMA	.EZOVSJCAGF@XI]\GUA	NKS_VXANE, \RV]GIROA		@TWDOXIVZPJ]@N@U^QVSPZWXO@@TBVRFHY@\\UUA ,]Z]@@QQDDZQVO&
AC]A\AP[E
,H[F@\@\_
UAQTI]@3@[_]O	nHOJ]\GKOAQV@Q_QQ]\NXTVRWJZHU\[[3PVJW]RJB_I]XWAU][[	@NK@[ RZ]\@VQ
]ZF@OEYYEISAO[ _]JXYWHCCIQ2[YQSUNSX\WY^@@nJ^K_@\]DUA	.E[OVSJC@QF_THX/][C[YA
	1A^@@BC[_V
OJU[@HWSSUN]Z[]SIC_IT2HAYRI\B@SCOVSMG_IGIOJNYGI[SS[@QPUJWNWJCK[QXJ	]UCAVSITC\SNLV3IADDF	RV^@IQVO[=QER\^RJAFG/PAYH\C_NLPX\Y=CCQQJQ3	QAC]C\CNLPOVSNECZCXJNMA[RVI@Q	V7BQQ CDYHX	[YZSUNERO^QHCC[_V^NM[QPQI\CN]@T]@@QAXCDXFVO&NI^ANL\JW^UJBFG%NVFKSSRL@Q	V7@QQ CD[VOB[\EL<RTLNISS3YIEXTHAR	[YZZL]C\ANLE@@AEXDDDF	&]QV@R^KJ	QQ DADF	D[YAVIXC\A@B	HQIIC@XTJO\NR[VQYAV^WJAN4C F@_@@NAYQN\AY]@
G2XIBYCF]HX
	<		@NKS^TANPMCBXnBLZF@R	
 <	C@TWX_@@IBEZSB[@\@U	NI^IPXWDO	nKOJ]\GHOA SX_UDOXIV]VLY@\N[[	ANK@[Q\]\@VQ
]YF@OE^ZCISAO[=TOVPJ_QUQNZSJ\C@N<QV@P^V[ANE, ^RV]GIPO[^D\CW1P^OVXT 7^NMHSSQUN@TWY^_SJC_IAXWBZZCKSOA
	1A]@@BC[ _VNVFNUOAQLE]][PJCQG_RVNBITQSIN_N@YOV@OCDYCVDF3AC^C@S
]ZZ\PO_QC7OJ]^GIQVO[	
j	QXIB[@	DFHZ@^Y(HSRACQ	V7AQQ CDZHXNMHZTWH\C@SBOVSJFF\_V3 R[VB\ASB	XIB[ _V_NM[QUTK\CN]@T^@@QA]ADXFVO RAY[^E[CR^KJ,
EVRVJARUCQTSKY_NE8	NXKAC[FXJ(JNI]AR]HKJ_[RJ@,ZJVRX
	<		ANKS^UDO	
QI]AA[TJAR AYHUJ[FRB	,AEJ^K]@]@UNI]E[B	IQIIADPTJO\NQ[VQXCRVWJAN QNJPH]H\\UUA ,]Y]@@QQDDXWVO&
AC]A\AR]E
,H[F@\@\_
UAQTI^F3@R]]O	nHOJ]\GKOAQVCRV_X]@@
CQNYTBT@\@U,ER\\RK_QTF@\@_@U_QVSPYQX]NNXDFJ^X_G_ZGIAOASLEZZ_TJCQG
%	UCQSO[NKPYU]AN4XVRUH]@^Y[[3PTJW]RJ@GACXVO2A\^UCA
=L_NXKCCYQXWB\^A@SSO[LVXZ^QJ_QW%		F[YRSI]_NPJW]RH_QPWXWR^[GMSSAUNERO^UJGC[_V]NM[QTSM\CN]@Z2QQCXJOJ^[GKVOA.
]Y_\RHF_IT2JAYRI\@]@\WZX3SJFQQJQ3	QAC]C\CNLPOVPKJBRCXJNMHRQQA\_NP2
BIBDXUVO	AYRIY_N@[OV@HKC[CVDF	E[YAQA\C\A@B	KQIIKDXTJO\N<NKP^E	NXHDCY_V/UCRQSI^F@SS3XIEXTI\N^@IQV<H\GNKLP%
TAVRUJ]B@NAYK]@YIR^EQIZ CAPTVO

< ]SX_WYANIEXPVO PAY[^DZIR^KJAIQF_RB]@N@U]QVSPY_X]NNX_,	OJ^\[[
AC^D\CWB=QQ ADXVOAR	
 <	B@TWX^NXAD[F+YTMOJN 3\]Y]\PVQAQNZWJZF\\[[QV@S[VXANE, \RV]GIROA		@TW_ANQNJVB[D\\UUA^SXL_^Y\RX_QPUXWR^TAMSSAUN1GNXHC_IXVRVM]BY@U&NKS\WZX@@R+
CNVFISPUNA[AR]jV\UNXQW; 	^UCRSSK@Q		LRQ]^ZJC_IAXWAU[BISOA
	1A]@@BC[ _VNVFM[OAQLE\\[TJCQG_RVNCHTUSIN_N@YOV@NBD]CVDF3AC]C@S
]ZZ\RI_QC7OJ]^GISPO[	
j	QXIB[@	DFHZ@\Y(JAY[	
j	PXIB[AXJRVUGIOASX_VXANE, \RV]GIROA		@TKJ@IQE^TJO\NQ[VQ]GR^KJBIQE^TJO\N<NKS[E	NXHDC[_V/UCRQSI\F@SS3XIEXTI\N^@IQV<H\KNKLP%
TAVRUJ]B@NAYK_E[@R^EQIZ D@\TVO

< ]SX_WYANIEX\VO PAY[^KUGR^KJAIQFP]L]@N@U]QVSPVQX]NNX_,	OJ^\[[
AC^D\CWB=QQ ADXVOAR	
 <	B@TWX^NXAD[F+YSKOJN 3\]Y]\PVQAQNQVNZB\\[[QVCW]VXANE, \RV]GIROA		@TPYANQNJPC\B\\UUA^SXL^Y_\RX_QPUXWRXUFKSSAUN1GNXHC_IXVRVM]BY@U&NKS\WZX@@R+
CNVFISPUNA[AP[jV__NXQW; 	^UCRSSK@Q		L^\\UWJC_IAXWBYYNISOA
	1A]@@BC[ _VNVFNQOAQLE\TXVJCQG_RVNC@WWSIN_N@YOV@NJG_CVDF3AC^C@S
]ZZ\PO_QC7OJ]^GIQVO[	
j	QXIB[@	DFHZ@^Y(HTPACQ	V7AQQ CDZHXNM@VZWK\C@SBOVPOKFZ_V3 R[VB\ASB	XIB\_V_NM[WZTO\CN]@T^@@QGREDXFVO RAY[XJ[GR^KJ,
EVRVJARUCQTSKY_NE8	NXKAC[FXJ(JNI]AR]HKJ_[RKE,RQNF	&^QV@R^KJXIB_CEXTVO AY[A]F\]@S=
 QNYTJ\\N ACUC@SY^NXXA@YCDJHX KAYAK_A\ARLE BQQAGZTJ]R@N
<	SX\KJ@@AD[ EXJ  3[YRQI\BZ]@S=
QNYTJ^@NENSSP&]BTSX	,AFJ^K]@^@UAC_C_AR^KJQQ @A\]JAR	
 <	@@TWX\@@]QNYUBARPACN@^@T^EDOYIV[VK[@\N[[	BNK@]V^]\@VQX+RV]GUA
[VA[AR]E%IBFXTJ^\N	 &
QLVX]_VQA\CG7UKTRVU,ER\\RH_QIVRWK]CX\GUA	NKS]T_]@@R+
ANVFISRO[ LVYT@@T@VRFI_DT\G[OA 	C@TTZYTRJQ_IGKOJN_EM[SS[@Q j		@@BCGJ^HZ@\_[[	3SX_WX]_NXT 7_NMHSSP@Q^FR^8Y\Z@@QW%		E[YRSI^_N]ZUTUKCCGOJ]_FN[SO[	
j	SXIB[BXJ NMHRUO[ ]]J^]WHCCIQ	BNVUJRVQI\Q@SY\NXX@B^CDJHX([VB\]@QER_[RJ@_IU;	RV]EISSPUN
A8IQIZCGHX_G\\D&RRT[VNP2
AIBDXVVOUCQZVNUC\]@ZNXK@@]CXJ(HNI]AR_EQIZ DXJ	_UCAPRAXC\SNLC	PXIQX K@XTXARRACN@]IV^EDO,PJ^K]\N[YQTI\@@SZ7@@BA[CGDF	&_QV@R^DO^UJC@4 B@J^O

< ^SX_WZANQQD@QPJ]\NAC]AT@P^E
,HYF@\@\][[ QV@SZE @QQ@DP\J]R@NKNINBRVWXO@@TBVRFI]HT\G[OA 3PER\\NXIACXTIAR	<
[VB^AR^KJ
4E
WXWA\\DOAQN\C_.S_ ERNE, _RV]GIQOANKPVP^]\NXTVRUHTIX\[[3PVJW]RJB_I]XWA]Y[[	@NK@]UX]\@VQ
]ZF@OC]^GISAO[ _]J^]PJCCIQ2[YRSUNSX\WX^@@nJ^K_@\\DUA	.E[OVSJC@QF_TJ^/]]E[YA
	1A^@@BC[_V
OJ^ZFOZSSUN]Y_XWKC_IT2HAYRI\B@SCOVSKA_IGIOJN_GKWSS[@QPUJWNQJAG[QXJ	]UCAPSKXC\SNLV3IBDDF	RV^@ISPO[=QER\^RJC@G/PAYH\C_NLPX]_=KB@IV3 Q[VB\APBNXHEKYCDDF
	UCRQUJ]C@SS3ZIEXTKAR 	AYH]@@SY^NXX@C^CDJHX KAYAJ\FZARLE BQQ@D]RJ]R@N
<	SX_KJ@@AD[@XJ  3[YRQI\C_]@S=
QNYTJ^@NENSSP&]B\SX	,AFJ^K]@^@UAC^GTHW^KJQQ ADQQJAR	
 <	@@TWX\@@]QNYUJARPACNAUGR^EDOYIVZ]L]@\N[[	BNK@\QX]\@VQX+RV]GUA
[VA[AR]E%IBFXTJ^\N	 &
QLVX]_VQA\CG7UK\RVU,ER\\RH_QIVRVOXBZ\GUA	NKS\PZ]@@R+
ANVFISRO[ LVY\@@T@VRFHTI^\G[OA 	C@TUQT^RJQ_IGKOJN^N@QSS[@Q j		@@BCGJ^HZ@\_[[	3SX_WX]_NXT 7_NMHSSP@Q^FR^ 8\TNXQW; 	^UCRSSK@Q		LT\UTRJ_Q^F@^F^YGUA	.EYOVSJCBGOJXU[[	@NK@_WP]\@VQ
]ZF@OA\\OISAO[ _]J\\RBCCIQ2[YRVUNSX\WXX@@nJ^K_@\\BUA	.E[OVSJC@QF_TJX/XTUCA
=L_NXKCCYQXWC__BISOA		@TRZ^\NXT 7]NMHSSRUN	]\U@@T@VRFCZF\\UUA^SXLP^]\@VQ
]YF@OI[ZGIAOA.AJW]WVQIF_TJX\N<
NI]CR^RDO	nIOJ]\GJOAK[C\D=[]O	nHOJ]\GKOAQVBV^KJQQCBXHX
	<		BNKS^VDO IFXJ	_UCAPQI\Q@SY_NXX@A[QXJ	]UCAPQI\Q@S\	7QIZ_V XWB[\GLOA3LVZ]\RO_QW%		D[YRSI_@SPYW]2XSXIIT2KAYRI\A@SEER__ZHCCGOJ^TCKSOA
	1A]@@BC[ _VNVCHOA 	B@TP]_\RX_QPVXWR[YEISAO[ _]JZYPJCQG
%	UCRVO[NKPYW]AN4XVRUH]@\Y[[3PTJW]RJ@GACXTO2D\NMA	.EZOVSJCAGF@_BZ_GIOASX\SQ]@@R+
ANVFISRO[ LSXANQNJSH]@\N[[	ANK@YWX]NNXDEJ^XZB\\G[OA 3PER\YNXIACXTOAR	<
[VB^AR^ KJ
4E
WXWA\\DOAQN\CY.V]]O	nHOJ]\GKOAQVCT]WXANIGXWK]\N	 &
SLVX]]NXTVRPIARPACNK]GR^KJAIQLYRJ]R@NHNINISXWJAN4C F@\E@NAYQN\CY]@
G2XIBYCD]HX
	<		@NKS^TANPMCC^nGFJ^O

< ^SX_WZANQQFD^TJAR AYKU@ZANLP%
TBVRUJ]A@N[VG^]@T_@@QDSCDJHX KAYANTG\A@B	KQIIK@XTXAR<	QV@WBOVPMCC^Q
2NMHQSSIY_NP2
@IBDXWAR^[GIV<WLNISS3YIEXTHAR	[YQZI^C\]@ZNXIAA__V3 R[VB\ASB	XIG^Q	CNVUA[SSIN_N@ZOV@BKC[QXJ	]UCA[[I\CN]@Z2QQ FXJOJ^[GIVOA.
]Y_\RJF_IT2JAYRI\@]@\WXX3VNQI/QAYH\C^]@MJW^ULEC[QRV_FKTSO[	
j	SXIB[BXJ NMMWOAQLEPYTRJQ_IGHOJNTCASSAUNEROTVBCCIQ2[YRVUNSX\WXX@@nJ^K_@\\BUA	.E[OVSJC@QF_TJX/X[UCA
=L_NXKCCYQXWC]TAISOA		@TSZ_\NXT 7]NMHSSRUN	]\Z@@T@VRFCYD\\UUA^SXLS\]\@VQ
]YF@OIXXGIAOA.AJW]WVQIF_TJX\N<
NI]CR^RDO	nIOJ]\GJOAK[C\D=ZERNE, _RV]GIQOANKQ^UX]@@
CQN[WH_@@N 3_]Y]\SVQGJ^N[\NP[VQU@P^EDOYIVQUH]@N@U]QVS[_WXO@@nXWAY@UAYK[C\DNLQ3QIZCDXQVO

< _SX_W[@@HDC[ ,E[RXWN	 &
PLVX]^NXI@]SOT@\@U	NI]FS\WDO	nKOJ]\GHOA SX_QDOXIV[SC_@\N[[	ANK@]^Z]\@VQ
]YF@OC[UEISAO[=TOVSJ_QUQNZSJ]A@N<QV@P^WYANE, ^RV]GIPO[^D\AS1T_OVXT 7^NMHSSQUN@TQ_[TRJ_Q^F@\G__@IOA
=L\NXKCCZQRV]DNOA 	B@TTP_XRJQ_IGHOJN_OKWSS[@QPVJWNQBAG[QXJ3AYH\_NLU_]\SVQ^+ XWA^\GIROA
	1A_@@BC[XJVM]@]3FJWAYN
A8HQIZCFDF NVCJTZRI\_NPJW]TMCD[Q3	RAC]C\@NLY @@B@_Q	CNVUJTQ[I\Q@SY_NXX@DY	CDJHX HAYAJ[ATARLE%TQNYTVONMKTSSH@QjOVSHCC[ _V3 P[VB\AQEZZ\RK,BXQNF	&^QV@R^KJXIG_ECXTVO AYROUBZANLP%
TBVRUJ]A@N[VB_DNLC	QXIQXEDXTXARQACN@[GR^EDOZIV[SL]@\N[[ 
3LVXANQIYCDYHX	(AYH^C\ASB	,AGJ^K]@_[[QTSI],]BPLJ
4E
VXWA\\EUA	NIX@ZVWXANIE^VCY@@N 3_]Y]\SVQGJ^K^B@NJNINBTXWXO@@TAVRFI[FX\G[OA 	@@TT^[XRJQ_IR;	NMHSOAQVCU^VDO,UQNYVJ]@]@U,ER\\RI_IDDXU%\C_NMA	.EZOVSJCAGF@YBT_EISOA		@TQ]]\RVQW; 	]UCRSSH@Q YER\_QVQ
][F@OCZUAISAO[ \]J^Z[LCCIQ	ANVUJUZUI\Q@S\	7QIZ_V XWB[\GHOA3LVZ]\RK_QW%		D[YRSI_@SPYWY2]QJQI/QAYH\C^]@MJWXRJF@[_VNVFL[[UI@Q	V7BQQ CDYHX	[YRPI@QPTJWNQLCC[QXJ	^UCAPUI\C\SNLC	SXIQXCDXTXAR<	QV@RBOVPMCCZQ
2NMHQSSI]_NP2
@IBDXWAR^[GIR<RJ]QV
@S=
QNYTJ_\N		AYWIUE_ARB	XIB]KMXHX
	<		BNKS^VDO IBGYHX JAYAJZ@^ARLE AQQ@B[VJ]R@NHNINBT]WXO@@nXWA\@UAYK[C\@NLQ3QIZCDXUVO

< _SX_W[@@HDCZ,EXTXWN	 &
PLVX]^NXIEQVHY@\@U	NI]AQWWDO	nKOJ]\GHOA SX_WDOXIVZRN]@\N[[	ANK@\SX]\@VQ
]YF@OBZXGISAO[=TOVPJ_QUQNZSJ\B@N<QV@P^VZANE, ^RV]GIPO[^D\AS1TPOVXT 7^NMHSSQUN@TP_TXRJ_Q^F@\GYYGIOA
=L\NXKCCZQRV]DAOA 	B@TTPXZRJQ_IGHOJN_OLUSS[@QPVJWNQBFE[QXJ3AYH\_NLU_]\SVQ^+ XWA^\GIROA
	1A_@@BC[XJVM]@]3FJZAYN
A8HQIZCFDF NVCA[PUI\_NPJW]UMEG[Q3	RAC]C\@NLY @@B@RQ	CNVUJ[[[I\Q@SY_NXX@KS	CDJHX HAYAJTKTARLE%TQNYTVONMKTSSH@QjOVSHCC[ _V3 P[VB\AQEZZ\RM,BSIJ(KNI]AR\E@@GKRCXJNM@ZWSUN
A8KQIZCEDF	 UCR[O[ ]]J_\ZJCQG_RVNEI[SS[@QPVJWNPJKC[_V/AYQI@Q@TPX][NXA,F@\B\\GNOA
=L^NXKCCXL_VZSJ]G3]N[YA
	1A^@@BC[_V
OJY_NISOA		@TW^_\NXT 7]NMHSSRUN	]YT@@T@VRFH_D\\UUA^SXLU\]\@VQ
]YF@OB^XGIAOA.AJW^RVQIF_TJZ\N<
NI]CR^PDO	nIOJ]\GJOAK[C\F=_ERNE, _RV]GIQOANKSXWXANI@PRJAR	
 <	@@TWX\@@]QNYTVO PAY[TC\A@B	HQII	CDXFVO RAY[TC\A@B=IFXHXNVENSSTUN1\JW]PJCC\Q3	PAC]C\BBU_]\U%BBIV3 Q[VB\APBNXKJJ[_VNVBMUSO[	
j	SXIB[BXJ NMHROAQLEQ[\RX_QPVXWRUZGIAOASLEQ[\RX_Q^7NVEIOA
NI^FR^KJ	
,IEZTJ]G@N 3]]Y]\Q_QYCD_;K_RVU,ER\\RH_QIVRVIY@\@U	NIZAU^E
,HYF@\@\][[ QV@PB	IQII BFXTXARQACNB]CR^KJBIQEYVJ]R@N
<	SX\KJ@@AD[DXJ  3[YRQI\C[]@S=
QNYTJ^@NENSST&]@NKLP%
TAVRUJ]B@NAYK[B\ANLE@@EER_V3 R[VB\ASB	XIBXQ	CNVUHQ[SIN_N@ZOV@KAK[QXJ	]UCARQA\CN]@Z2QQCXJOJ^[GITOA.
]Y_\RJD_IT2JAYRI\@]@\WXZ3SNQI/QAYH\C^]@MJW_SJCCGOJ[_EIOA
=L\NXKCCZQRV]CUA_SXLS\]\@VQ
]ZF@OAXXGIAOASLEYYXRJQ_IR;	NMKSOAQVCU^PDO,UQNYVJ]@[@U,ER\\RI_IDDXS%\ENV[3PUJW]RJA_ITJ^IXA\\[[QVF[XKJ
4E
UXWA\\FUA	NKS[E @QQBBXTJO\NQ[VQ]GR^EDOZIVYRJ]@N@U
&@TWDOXIA\CCDF3AYRK\C\FNLP%
T@VRUJ]C@UKTSSN3BZSX	,AFJ^K]@^@UAC_JYARB	XIK] CXJ(HNI]AR_EQIZ_V_NM[RTUI\Q@SY_NXXBD]CVDF	F[YARNZC\SNLV3IADDF	RV^@ISTO[=QER\^RJCDG/PAYH\C_NLPX][=KDQQJQ3	QAC]C\CNLPOVVNBC[QRVUENSOA
	1A]@@BC[ _VNVFNOA 	B@TVQ_\RX_QPVXWR]UEISAO[ _]J\UPJCQG
%	UCQSO[NKPYW_AN4XVRUH]@\[[[3PTJW]RJ@GACXUI2A^\UCA
=L_NXKCCYQXWC][OHSSO[LV[T^TJ_QW%		F[YRSI]_NPJW]PJ_QPWXWR_^OISSAUNERO_PBCC[_V]NM[PQ[I\CN]@Z2QQCXJOJ^[GHPOA.
]Y_\RK@_IT2JAYRI\@]@\WY^3SHBQQJQ3	QAC]C\CNLPOVQHFGYCXJNMHWRRO\_NP2
BIBDXUVO	AYRK]_N@[OV@I@BYCVDF	E[YAPJ]A\A@B	KQII@EZTJO\N<NKP^E	NXHDCZ_V/UCRQSI]@@SS3XIEXTI\N^@IRP<H^ANKLP%
TAVRUJ]B@NAYJ_@]IR^EQIZ@D_TVO

< ]SX_WYANIEZVVO PAY[_@XER^KJAIQG[PN]@N@U]QVSQ]SX]NNX_,	OJ^\[[
AC^D\@QB=QQ ADXUIAR	
 <	B@TWX^NXAD[E+YWBOJN 3\]Y]\PVQAQN\SMTD\\[[QV@U[ WXANE, \RV]GIROA		@TTPANQNJWBXF\\UUA^SXL_][\RX_QPUXWR_TBOSSAUN1GNXHC_IXVRVM]BZ@U&NKS\WZ[@@R+
CNVFISPUNA[AS]jVZYNXQW; 	^UCRSSK@Q		LT\T]QJC_IAXWAXZNMSOA
	1A]@@BC[ _VNVFKWOAQLE[Y\ZJCQG_RVNDMS[SIN_N@YOV@IGCSCVDF3AC^C@S
]ZZ\SI_QC7OJ]^GIRPO[	
j	QXIB[@	DFHZ@]_(HQVACQ	V7AQQ CDZHXNMJVTPJ\C@SBOVSNKKR_V3 R[VB\ASB	XIBY_V_NM[PWWI\CN]@T^@@Q@_CDXFVO RAY[_GXAR^KJ,
EVRVJARUCQTSH__NE8	NXKAC[ @XJ(JNI]AR]HKJ_[RK@,ZEVRX
	<		ANKS^UDO	
QIXFB_TJAR AYHYCTGRB	,AEJ^K]@]@UNI]CTB	IQIIGCZTJO\NQ[VQ_EU\WJAN QNJWNZB\\UUA ,]Z]@@QQDDYWVO&
AC]A\AS]E
,H[F@\@\_
UAQTI]@3@PY]O	nHOJ]\GKOAQVBUZQX]@@
CQNYQHUD\@U,ER\\RK_QTF@\B[@U_QVSQ[SX]NNXDFJ^X^E\XGIAOASLE[X\VJCQG
%	UCQSO[NKPYV[AN4XVRUH]@]_[[3PTJW]RJ@GACXUI2A^TUCA
=L_NXKCCYQXWCT^OISSO[LV]YTQJ_QW%		F[YRSI]_NPJW]PB_QPWXWR_YDOSSAUNERO_WIEC[_V]NM[PVPO\CN]@Z2QQCXJOJ^[GHPOA.
]Y_\RK@_IT2JAYRI\@]@\WY^3SHJQQJQ3	QAC]C\CNLPOVQCBFRCXJNMHVU[M\_NP2
BIBDXUVO	AYRKU_N@[OV@IFESCVDF	E[YAPLZK\A@B	KQIIFBPTJO\N<NKP^E	NXHDCZ_V/UCRQSI]@@SS3XIEXTI\N^@IRV<H[JNKLP%
TAVRUJ]B@NAYH\EUEV^KJQQD@\QJAR	
 <	@@TWX\@@]QNYSCARPACNF]GZ^EDOYIV]ULU@\N[[	BNK@[QP]\@VQX+RV^GUA
[VA[AS[E%IBFXTKX\N	 &
QLVX]_VQA\BF7UJ[RVU,ER\\RH_QIVRVHYI^\GUA	NKS_^Q]@@R+
ANVFISRO[ LVX[@@T@VRFHUC^\G[OA 	C@TUP^^RJQ_IGKOJN^OJQSS[@Q j		@@ACGJ^HZ@]^[[	3SX_WX\^NXT 7_NMHSSP@Q^FR^8^ZNXQW; 	^UCRSSK@Q		LPXTZRJ_Q^F@XFYZGUA	.EYOVSJCBGOJZ[[[	@NK@_ _\]\@VQ
]ZF@OAYTCISAO[ _]J\YZNCCIQ2[YRSUNSX\WX\@@nJ^K_@\\FUA	.E[OVSJC@QF_TJ\/ZZUCA
=L_NXKCCYQXWFTXNISOA		@T R[^\NXT 7]NMHSSRUN	]^[@@T@VRFKXE^\G[OA 	C@TV]X^RJQ_IGKOJN]BLQSS[@Q j		@@BCGJ^HZ@\][[	3SX_WX]]NXT 7_NMHSSP@Q^FR^8^XNXQW; 	^UCRSSK@Q		LQ^]TRJ_Q^F@XD]]GUA	.EYOVSJCBGOJZY[[	@NK@_ UX]\@VQ
]ZF@OAY^GISAO[ _]J\YPJCCIQ2[YRSUNSX\WX\@@nJ^K_@\\FUA	.E[OVSJC@QF_TJ\/ZXUCA
=L_NXKCCYQXWF_[DISOA		@T UQ\\NXT 7]NMHSSRUN	]^Y@@T@VRFKYHT\G[OA 	C@TV\UTRJQ_IGKOJN]CA[SS[@Q j		@@BCGJ^HZ@\][[	3SX_WX]]NXT 7_NMHSSP@Q^FR^8^^NXQW; 	^UCRSSK@Q		LQYYXRJ_Q^F@XA[^GUA	.EYOVSJCBGOJZ_[[	@NK@_R^]\@VQ
]ZF@OAXYAISAO[ _]J\XWLCCIQ2[YRSUNSX\WX\@@nJ^K_@\\FUA	.E[OVSJC@QF_TJ\/Z^UCA
=L_NXKCCYQXWEU^GISOA		@T W]Y\NXT 7]NMHSSRUN	]^_@@T@VRFKYBX\G[OA 	C@TV\_XRJQ_IGKOJN]CKWSS[@Q j		@@BCGJ^HZ@\][[	3SX_WX]]NXT 7_NMHSSP@Q^FR^8^\NXQW; 	^UCRSSK@Q		LR_]^RJ_Q^F@YI_[GUA	.EYOVSJCBGOJZ][[	@NK@_^Z]\@VQ
]ZF@OA_UEISAO[ _]J\_[HCCIQ2[YRSUNSX\WX\@@nJ^K_@\\FUA	.E[OVSJC@QF_TJ\/Z\UCA
=L_NXKCCYQXWEXUGISOA		@T_Z\\NXT 7]NMHSSRUN	]^]@@T@VRFK^F\\G[OA 	C@TV[[\RJQ_IGKOJN]DOSSS[@Q j		@@BCGJ^HZ@\][[	3SX_WX]]NXT 7_NMHSSP@Q^FR_ 8[\NXQW; 	^UCRSSK@Q		LV[X^RJ_Q^F@\IZYGUA	.EYOVSJCBGOJ_][[	@NK@ZUX]NNXDFJ^XYC^\G[OA 	@@TS[_\RX_Q^7NVEIOA
NI^FR_ KJ	
,IEZTJ\E@N 3]]Y]\Q_QYCE];I]RVU,ER\\RH_QIVRUH[H\\[[QV@ZVWDO	nKOJ]\GHOA SX]KJ@IQ@XTJ]R@NKNINER^WJAN QNJPJ]@\N[[ 
3LUXANQIYCE]HX	(AYH^C\@WB	,AGJ^K]@_[[QTSHY,_B@TNE
,HZF@\@\^[[[VBYBR^KJQQBGZTVO

< ]SX_WYANIG[HX JAYAMUE\A@B	HQIIJBXTXARRACNGUGR^KJ,
EVRVJARUCQTSHY_NE8	NXKAC[ FXJ(JNI]AR]HKJ_[RKF,XQNF	&^QV@R^KJXIB_JDXHX	[YQSMTC@SS3ZIEXTKAR 	AYJ^_N@[OV@NEG[QXJ	^UCAWUM\CN]@T]@@QG]CDJHX([VA\]@QER_[RKF_IU;	RV]EISRVUN
A8IQIZCGHX_G\]B&PVACQ	V7AQQ CDZHXNMHTQQI\_NPJW^QJ@CG/RAYH\C]]@PNXIF_IGIOJNYAISSAUNEROYTJCCIQ	ANVULUSSIN_N[8XIA[QF@_G\]BUA,@TUX]]WVQW; 	_UCRSSJ_NCU^_7\\RXIIT2KAYRI\A@SEER\UPHGC[QRV]GJZQSUN
A8KQIZCEDF	 UCRSSUNERO^TNCC[_V^NM[QUWI\CN]@T]@@QA]CDXFVO&NI^ANL\JW^UJCKG%NVFKSSSA@Q	V7@QQ CD[VOB[\GH<UZ[VNP2
AIBDXVVOUCTUSO\C@SBOVWCCF[Q3	RAC]C\@NLY @@EJG^RVNFOW[SIN_N@ZOV@KEGSCVDF	F[YAROXK\A@B=IEXHXNVENSSRUN1\JW]PJCCZQ3	PAC]C\BBU_]\S%EKIV3 Q[VB\APBNXM@GSCXJNMLT[SI@Q	V7BQQ CDYHX	[YU[UNERO]TKEC[_V^NM[RURO\CN]@T]@@QB] EDXFVO&NI]ANL\JW^UJCBG%NVFKSSSH@Q	V7@QQ CD[VOB[\GA<RSHNISS3YIEXTHAR	[YRZNXB\ANLE@@BC^DDDF	&]QV@R^KJ	QQ CEDF	D[YAQO[A\A@B	HQIIECZTJO\NR[VQ^GU\WJAN4C F@_@@NAYQN\CT]@
G2XIBYCDPHX
	<		@NKS^TANPMCCSnBD^F@R	
 <	C@TWX_@@IAF\]H]@@N[VB]B[WKJ
4E
UXWA\\FUA	NKS^KJ@IQFPWH]@N@U^QVSPVUX]NNXDEJ^X_H_^GIAOA.AJW^RVQIF_TJU\N<
NI]CR^_DO	nIOJ]\GJOAK[C]C=_QJW@R+
BNVFISQO[	SX[Q[Y\RVQFJ^KTBUUGUA	.EYOVSJCBGOJ]XAUA_SXLVY_\RX_QPVXWRX]FKSSAUNEROXSKAC[_V/AYQI@Q@TPX\^NXA,F@\B\\FKOA
=L^NXKCCXL_VZSJ]H3]GNAY[	
j	PXIB[AXJRV^DITUSI@QGER\]WMBCG/RAYH\C]]@PNXKCDG^RVNEAUWSIN_N@ZOV@HKE_CVDF	F[YAQAZG\A@B=IFXHXNVENSS[UN1\JW]PJCCSQ3	PAC]C\BBU_]\Z%BC_IJ(KNI]AR\E@@ABXKDXHX	[YRRIYK\]@S=
 QNYTJ\\N AC]CX]@T_@@QA\KDXFVO QAY[^DZIR^KJBIQF_RB]@N@U
&@TWDOXIA\CLDF3AYRK\C\INLP%
T@VRUJ]C@UKTSSA3B\D@TNE
,HZF@\@\^[[[VA]HSWWDOIBEZVB]\N	 &
SLVX]]NXTVRUJX\NP[VQ^IR^WJANQNJVB]@\\UUA]SXL_X]\RX_Q^7NVEIOA
NI^FR^KJ	
,IEZTJ]H@N 3]]Y]\Q_QYCDZ;L[RVU,ER\\RH_QIVRRBYI\\[[QVDW]WDO	nKOJ]\GHOA SXXKJ@IQE]QH]@N@U^QVSS[ UX]NNXDEJ^X\EY^GIAOA.AJW]RVQIF_TJ_\N<
NI]CR^UDO	nIOJ]\GJOAK[C\C=XERNE, _RV]GIQOANKU^QX]@@
CQN]RO[@@N 3_]Y]\SVQGJ^LZ\NP[VQ]DZZWJANQNJUOUD\\UUA]SXLRPY\RX_Q^7NVFIOA
NI^FR^KJ	
,IEZTJ]B@N 3]]Y]\Q_QYCDZ;LYRVU,ER\\RH_QIVRRIZC\\[[QVDPWWDO	nKOJ]\GHOA SXXKJ@IQE\\B]@N@U^QVSSZ_X]NNXDEJ^X\DTTGIAOA.AJW]RVQIF_TJ_\N<
NI]CR^UDO	nIOJ]\GJOAK[C\C=X ERNE, _RV]GIQOANKTX_X]@@
CQN]PK\@@N 3_]Y]\SVQGJ^LX\NP[VQ]DP^WJANQNJUO_@\\UUA]SXLRZ]\RX_Q^7NVFIOA
NI^FR^KJ	
,IEZTJ]B@N 3]]Y]\Q_QYCDZ;L_RVU,ER\\RH_QIVRQC_@\\[[QVDR[WDO	nKOJ]\GHOA SXXKJ@IQE\VN]@N@U^QVSSZSX]NNXDEJ^X\D^XGIAOA.AJW]RVQIF_TJ_\N<
NI]CR^UDO	nIOJ]\GJOAK[C\C=XERNE, _RV]GIQOANKT_SX]@@
CQN]UM_@@N 3_]Y]\SVQGJ^L^\NP[VQ]EWXWJANQNJUNXF\\UUA]SXLS][\RX_Q^7NVFIOA
NI^FR^KJ	
,IEZTJ]B@N 3]]Y]\Q_QYCDZ;L]RVU,ER\\RH_QIVRQNT@\\[[QVEZ\WDO	nKOJ]\GHOA SXXKJ@IQE[RJ]@N@U^QVSS]WX]NNXDEJ^X\CZ\GIAOA.AJW]RVQIF_TJ_\N<
NI]CR^UDO	nIOJ]\GJOAK[C\C=XERNE, _RV]GIQOANKWYUX]@@
CQN\]IZ@@N 3_]Y]\SVQGJ^L\\NP[VQ]B[\WJANQNJUITB\\UUA]SXLTQ_\RX_Q^7NVFIOA
NI^FR^KJ	
,IEZTJ]B@N 3]]Y]\Q_QYCDP;K]HNV[3PUJW]RJA_ITJ^H^F[]GIOASX_P\Y\NXT 7]NMHSSRUN	]Y]TNXDGJ^X_HUZGIAOAPLEZUUTJCQG\RVNEAZUSIN_N[8XIA[QF@_G\\OUA,@TUX]\ZVQW; 	_UCRSSJ_NCU^U7[T@@QW%		E[YRSI^_N]_^XZJC_IAXWE[TGIOA
=L\NXKCCZQRVZOUA_SXLQY[\RX_QPVXWR]ZFOSSAUNERO]TKEC[_V/AYRI@Q@TPX]^NXA,F@\B\\GKOA
=L^NXKCCXL_VZSJ]B3ZN[YA
	1A^@@BC[_V
OJ[ZGOSSO[LRQ]YRVQW; 	]UCRSSH@Q YER[UNXDGJ^X\FXTGIAOAPLEY[XZJCQG\RVNFOW[SIN_N[8XIB[QF@_G\\EUA,@TUX]\PVQW; 	_UCRSSJ_NCU^_7\\[XIIT2KAYRI\A@SEER_XPMDC[QRV]F@RZSUN
A8KQIZCEDF	 UCRSZUNERO^[HKC[_V^NM[QZQA\CN]@T]@@QARKDXFVO&NI^ANL\JW^UJCKG%NVFKSSSA@Q	V7@QQ CD[VOB[\G@<RWNNISS3YIEXTHAR	[YVTA^A\ANLE@@BJ^GDDF	&]QV@R^KJ	QQ GCDF	D[YAWHXG\A@B	HQIIB@\TJO\NR[VQX@VZWJAN4C F@_@@NAYQN\CU]@
G2XIBYCDQHX
	<		@NKS^TANPMCCRnB@^F@R	
 <	C@TWX_@@IFB^WN]@@N[VBUC[WKJ
4E
UXWA\\FUA	NKSZKJ@IQ@YUH]@N@U^QVSV_UX]NNXDEJ^XYA]^GIAOA.AJW^RVQIF_TJT\N<
NI]CR^^DO	nIOJ]\GJOAK[C\H=_RJW@R+
BNVFISQO[	SX[ S^X\RVQFJ^KT@[ZGUA	.EYOVSJCBGOJ]XBUA_SXLWP]\RX_QPVXWRX\OISSAUNEROXRBCC[_V/AYQI@Q@TPX]UNXA,F@\B\\G@OA
=L^NXKCCXL_VZSJ]I3]CMAY[	
j	PXIB[AXJRVYCJRWSI@QGER\TZOGCG/RAYH\C]]@PNXKGGG^RVNCIW[SIN_N@ZOV@NCGSCVDF	F[YAWIXK\A@B=IFXHXNVENSSZUN1\JW]PJCCRQ3	PAC]C\BBU_]\[%BGXIJ(KNI]AR\E@@F@Z	ADXHX	[YR[O_@\]@S=
 QNYTJ\\N AC]G_]@T_@@QG[ EDXFVO QAY[XC]GR^KJBIQ@XUL]@N@U
&@TWDOXIA\CMDF3AYRK\C\HNLP%
T@VRUJ]C@UKTSS@3BXC@TNE
,HZF@\@\^[[[VF^ATVWDOIBL\UN]\N	 &
SLVX]]NXTVRUN_\NP[VQ_HZZWJANQNJWCUD\\UUA]SXL^PY\RX_Q^7NVEIOA
NI^FR^KJ	
,IEZTJ]I@N 3]]Y]\Q_QYCDQ;KYANV[3PUJW]RJA_ITJ^O]I[^GIOASX_VQ[\NXT 7]NMHSSRUN	]YY]NXDGJ^X^IY^GIAOAPLE[TYPJCQG\RVND@VQSIN_N[8XIA[QF@_G\\NUA,@TUX]\[VQW; 	_UCRSSJ_NCU^^7\XRXIIT2KAYRI\A@SEERYUZCFC[QRV]@@TZSUN
A8KQIZCEDF	 UCRWSUNERO_[HCC[_V^NM[PZQI\CN]@T]@@Q@RCDXFVO&NI^ANL\JW^UJCJG%NVFKSSS@@Q	V7@QQ CD[VOB[\G@<RW@NISS3YIEXTHAR	[YUSKY@\ANLE@@BJRDDDF	&]QV@R^KJ	QQ GMDF	D[YAWK\K\A@B	HQIIADPTJO\NR[VQXCRVWJAN4C F@_@@NAYQN\CU]@
G2XIBYCDQHX
	<		@NKS^TANPMCCRnB@PF@R	
 <	C@TWX_@@IFMXVB]@@N[VBUFW^KJ
4E
UXWA\\FUA	NKSZKJ@IQ@YSL]@N@U^QVSV_QX]NNXDEJ^XYA[ZGIAOA.AJW^RVQIF_TJT\N<
NI]CR^^DO	nIOJ]\GJOAK[C^D=YERNE, _RV]GIQOANKZZPX]@@
CQN^VBU@@N 3_]Y]\SVQGJ^M_\NP[VQ]FVZWJANQNJUMYD\\UUA]SXLP\Y\RX_Q^7NVEIOA
NI^FR\ KJ	
,IEZTJ_E@N 3]]Y]\Q_QYCF];M^RVU,ER\\RH_QIVR\M]@\\[[QVGV_WDO	nKOJ]\GHOA SXYKJ@IQE_SL]@N@U^QVSSYQX]NNXDEJ^X\G[ZGIAOA.AJW^RVQIF_THX\N<
NI]CR^RDO	nIOJ]\GJOAK[C^D=YERNE, _RV]GIQOANKUVWX]@@
CQN^TI\@@N 3_]Y]\SVQGJ^M]\NP[VQ]GZ^WJANQNJULU@\\UUA]SXLQP]\RX_Q^7NVEIOA
NI^FR\ KJ	
,IEZTJ_E@N 3]]Y]\Q_QYCF];M\RVU,ER\\RH_QIVR\KY@\\[[QVGS[WDO	nKOJ]\GHOA SXYKJ@IQE_UH]@N@U^QVSSYUX]NNXDEJ^X\G]^GIAOA.AJW^RVQIF_THX\N<
NI]CR^RDO	nIOJ]\GJOAK[C^D=YERNE, _RV]GIQOANK[[^X]@@
CQN^\KX@@N 3_]Y]\SVQGJ^M[\NP[VQ]IU\WJANQNJUBZB\\UUA]SXL___\RX_Q^7NVEIOA
NI^FR\ KJ	
,IEZTJ_E@N 3]]Y]\Q_QYCF];MZRVU,ER\\RH_QIVR]BTI\\[[QVG[[WDO	nKOJ]\GHOA SXYKJ@IQEQTN]@N@U^QVSSWSX]NNXDEJ^X\I\XGIAOA.AJW^RVQIF_THX\N<
NI]CR^RDO	nIOJ]\GJOAK[C^D=YERNE, _RV]GIQOANKZWWX]@@
CQN^QNT@@N 3_]Y]\SVQGJ^MY\NP[VQ]IRVWJANQNJUB]H\\UUA]SXL_XU\RX_Q^7NVEIOA
NI^FR\ KJ	
,IEZTJ_E@N 3]]Y]\Q_QYCF];MXRVU,ER\\RH_QIVR]HUF\\[[QVGTVWDO	nKOJ]\GHOA SXY KJ@IQEPPJ]@N@U^QVSSVWX]NNXDEJ^X\HX\GIAOA.AJW^RVQIF_THX\N<
NI]CR^RDO	nIOJ]\GJOAK[C^D=YERNE, _RV]GIQOANKS^V]]\NXTVRSJUF\@U,ER\\RK_QTF@ZH@NJNIN@[]WXO@@TAVRFKTCZ\G[OA 	@@TVQ^ZRJQ_IR;	NMKSOAQVCU^RDO,UQNYVJ]BY@U,ER\\RI_IDDZQ%ZINV[3PUJW]RJA_ITJ^K]E_TGIOASXYU[]@@R+
ANVFISRO[ LPQANQNJUC[H\\UUA^SXL^^U\RX_QPUXWR]UAASSAUN1GNXHC_IXVRVM]BY@U&NKS\WZX@@R+
CNVFISPUNA[ARYjVQ_NXQW; 	^UCRSSK@Q		LV[Y\SMCCGOJ_]GNTSO[	
j	SXIB[BXJ NMHZQO[ ]]JXYZNCCIQ	BNVULV[WI\Q@SY\NXXFFSCDJHX([VA\]@QER_[RJD_IU;	RV]EISSTUN
A8IQIZCGHX_G\\@&RZP[VNP2
AIBDXVVOUCRPUKUG\ANLE@@@BXEDDF	&]QV@R^KJ	QQ JGDF	D[YAVO]E\A@B	HQIIEE^TJO\NR[VQYGSXWJAN4C F@_@@NAYQN\C[]@
G2XIBYCD_HX
	<		@NKS^TANPMCC\nBMXF@R	
 <	C@TWX_@@IBFQQO]@\@U	NI_AW^WDO	nKOJ]\GHOA SX_WDOXIV]QH]@\N[[	ANK@[ UX]\@VQ
]YF@OEY^GISAO[=TOVPJ_QUQNZSJ]G@N<QV@P^W_ANE, ^RV]GIPO[^D\AU1^YOVXT 7^NMHSSQUN@TTYZZ[JC_IAXWC\[O@SOA
	1A]@@BC[ _VNVF@ROAQLE]XYPJCQG_RVNBLVQSIN_N@YOV@OFFYCVDF3AC^C@S
]ZZ\RM_QC7OJ]^GISTO[	
j	QXIB[@	DFHZ@\[(HZUACQ	V7AQQ CDZHXNMHWPPI\C\]@ZNXIAA_CXJ(HNI]AR_EQIZEXJ	_UCAVTH^C\SNLC	PXIQ^BFXTXARRACNF[@P^EDO,PJ^H]\N[YQTI\D@SZ7@@BA[CCDF	&_QV@R^DO^UJCD4 JCJ^O

< ^SX_WZANQQ GA^]N]@@N[V@^DQVKJ
4E
UXWA\\FUA	NKSWKJ@IQA_PN]@N@U^QVSWYSX]NNXDEJ^XXGXXGIAOA.AJW^RVQIF_TJZ\N<
NI]CR^PDO	nIOJ]\GJOAK[C\F=_SJW@R+
BNVFISQO[	SX__^]\RJ_Q^F@^AZY@IOA
=L\NXKCCZQRV]NMOA 	B@TR^YTRJQ_IGHOJNYAM[SS[@QPVJWNWLGK[QXJ3AYK\_NLU_]\UVQ^+ XWA^\GITOA
	1A_@@BC[XJVM]@[3F@VAYN
A8HQIZCFDF NVFMSZPL\C@SBOVQKJGR_V3 R[VB\ASB	XIBR_V_NM[VU[I\CN]@T^@@QF]	CDXFVO RAY[YETAR^KJ,
EVRVJARUCQTSI[_NE8	NXKAC[DXJ(JNI]AR]HKJ_[RJD,ZKVRX
	<		ANKS^UDO	
QIZKEYSJ]\NAC_ATBW^E
,HYF@\@\][[ QV@[VE @QQFC_RJ]R@NKNINDUYWXO@@TBVRFOZGZ\G[OA 3PER_\NXIACXTMAR	<
[VB^AR^KJ
4E
WXWA\\DOAQN\C[.SWERNE, _RV]GIQOANKS[R_]\RVQFJ^I^A__GUA	.EYOVSJCBGOJ]UNUA_SXL _XU\RX_QPVXWRYTGASSAUNEROYZJKC[_V/AYQI@Q@TPX][NXA,F@\B\\GNOA
=L^NXKCCXL_VZSJ\A3UE[YA
	1A^@@BC[_V
OJ]YCMZSSUN]Q\^RJ_QW%		F[YRSI]_NPJWUPVQ
][F@OB_TCISAO[ \]J__ZNCCIQ	ANVUKP[WI\Q@S\	7QIY_V XWB[\FHOA3LVZ]\SK_QW%		D[YRSI_@SPYU]2UZXIIT2KAYRI\A@SEER\TPHAC[QRV]GIUTSUN
A8KQIZCEDF	 UCZ[O[ ]]J_YULCCIQ	BNVUKVTUI\Q@SY\NXXAF\CDJHX([VA\]@QER_[RHF_IU;	RV]EISQVUN
A8IQIZCGHX_G\^B&ZZACQ	V7AQQ CDZHXNMH[TRA\C@SBOVSJAAR_V3 R[VB\ASB	XIJRQ	CNVUKUS[I\Q@SY_NXXAE[	CDJHX HAYAKZCTARLE%TQNZTVONMKTSQL@QjOVSHCCY_V3 P[VB\AQEZZ\PO,J[IJ(KNI]AR\E@@BG]BDXHX	[Y[[HYC@SS3ZIEXTKAR 	AY@\_N@[OV@H@A[CVDF	E[YAQJ^C\A@B	KQII@FXTJO\N<NKP^E	NXHDCY_V/UCRQSI^F@SS3XIEXTI\N^@IQV<@]QV
@S=
QNYTJ_\N		AYRL\A\ARB	XIKRDDDF	&]QV@R^KJ	QQBXJ	_UCAQPL^C\SNLC	PXIQYFFXTXARRACNA_DP^EDO,PJ^H]\N[YQTI^F@SZ7@@BA[AADF	&_QV@R^DO^UJAF4AVRX
	<		ANKS^UDO	
QIZG@QTJAR AY@]A\ANLP%
TBVRUJ]A@N[VJ^]@T_@@QAX	GDXFVO QAY[^@TER^KJBIQF[\N]@N@U
&@TWDOXIA\AADF3AYRK\C^DNLP%
T@VRUJ]C@UKTSQL3J_SX	,AFJ^K]@^@UAC]FTIU^KJQQAC]TVO

< ]SX_WYANIM[HX JAYAKXBZARLE AQQA@YRJ]R@NHNINCV_WXO@@nXWB\@UAYK[C^DNLQ3QIZCDZQVO

< _SX_W[@@HDCY,M\F@R	
 <	C@TWX_@@IBB[WO]@@N[VJXBS^E
,HYF@\@\][[ QVHVB	IQIIG@PTJO\NQ[VQ^EVVWJAN QNJVNYH\\UUA ,]Z]@@QQDDZQVO&
AC]A\AP[E
,H[F@\@\_
UAQTI^F3HWLJ
4E
VXWA\\EUA	NI]GUWWXANIM]\B]\N	 &
SLVX]]NXTVR]OARPACNAXIR^EDOYIVZPB]@\N[[	BNK@\_X]\@VQX+RV^GUA
[VA[AP[E%IBFXTHX\N	 &
QLVX]_VQA\AA7]LOJN 3\]Y]\PVQAQNYSHXI\\[[QVHUZWDO	nKOJ]\GHOA SXWKJ@IQF]UH]@N@U^QVSP[UX]NNXDEJ^X_E]^GIAOA.AJW^RVQIF_THX\N<
NI]CR^RDO	nIOJ]\GJOAK[C^D=WERNE, _RV]GIQOANKSYT^]\NXTVR]C]F\@U,ER\\RK_QTF@TG@NJNINCWZWXO@@TAVRFHXDX\G[OA 	@@TU]YXRJQ_IR;	NMKSOAQVCU^RDO,UQNYVJ]BY@U,ER\\RI_IDDXW%_INV[3PUJW]RJA_ITJ^K\HT\GUA	NKSVSXANE, \RV]GIROA		@T^DOXIV[\N]@N@U^QVSQVWXO@@TBVRFIUD\\UUA ,]Y]@@QQDDXWVO&
AC]A\AR]E
,H[F@\@\_
UAQTI\@3CZLJ
4E
VXWA\\EUA	NI]@S^WDOIBCZQJAR	
 <	@@TWX\@@]QNZ\VO PAY[_ETARLE AQQ@BPTJO\NR[VQ_GZ^EDO,PJ^K]\N[YQTI\@@SZ7@@BA[CGDF	&_QV@R^DO^UJC@4FVRX
	<		ANKS^UDO	
QISGDXHX	[YRW@XC@SS3ZIEXTKAR 	AYKY_N@[OV@IAC[QXJ	^UCAPQI\CN]@T]@@Q@YCDJHX([VB\]@QER_[RJ@_IU;	RV]EISSPUN
A8IQIZCGHX_G\\D&QWACQ	V7AQQ CDZHXNMAQ[SI@QGER\XSCC_IT2HAYRI\B@SCOVPN_QPWXWR_\CISAO[ \]J^\VJCQG\RVNDIWSS[@Q j		@@BCGJ^HZ@\_[[	3SX_WX]_NXT 7_NMHSSP@Q^FR^8ZZNXQW; 	^UCRSSK@Q		LVX^YRJ_Q^F@\FX[GUA	.EYOVSJCBGOJ^[[[	@NK@] UX]NNXDFJ^X^E^\G[OA 	@@TT]_\RX_Q^7NVFIOA
NI^FR^KJ	
,IEZTJ]C@N 3]]Y]\Q_QYCD[;H[RVU,ER\\RH_QIVR]L^@\@U	NI]DU^KJ
4E
UXWA\\FUA	NKPXE @QQ@G^TJO\NQ[VQ_BT^EDOZIV[WL]@N@U
&@TWDOXIA\CGDF3AYRK\C\BNLP%
T@VRUJ]C@UKTSSJ3A]SX	,AFJ^K]@^@UACZGZARB	XIBYBDDF	&]QV@R^KJ	QQBXJ	_UCAQVO\CN]@T^@@QA^CDJHX HAYAKYE\A@B=IEXHXNVENSSPUN1\JW]PJCCXQ3	PAC]C\BBU_]\Q%ACIV3 Q[VB\APBNXOJB[_VNVFHPRSUN
A8KQIZCEDF	 UCQSO[ ]]J_XRJCQG_RVNEMSSS[@QPVJWNPNCC[_V/AYRI@Q@TPX]_NXA,F@\B\\GJOA
=L^NXKCCXL_VZSJ]C3^D[YA
	1A^@@BC[_V
OJ[ZBISOA		@TT\X\NXT 7]NMHSSRUN	]Z^@@T@VRFHUH\\UUA^SXL_P]\@VQ
]YF@OBTTGIAOA.AJW]RVQIF_TJ^\N<
NI]CR^TDO	nIOJ]\GJOAK[C\B=\ERNE, _RV]GIQOANKU^WXANIEZSH]\N	 &
SLVX]]NXTVRVHARPACNA[CR^KJAIQF_VJ]R@NHNINCU\WJAN4C F@\@@NAYQN\C_]@
G2XIBYCD[HX
	<		@NKS^TANPMCB]nJEJ^O

< ^SX_WZANQQ FDZTJ]\NACTJZFRB	,AEJ^K]@]@UNIU@NLC	QXIQYFFXTXARQACNA_DP^EDOZIVZWO_@\N[[ 
3LUXANQIYCE^HX	(AYH^C\@TB	,AGJ^K]@_[[QTSH_,[H@TNE
,HZF@\@\^[[[VB\DQVWDOIDFZWJAR	
 <	@@TWX\@@]QN_]VO PAY[]JZIR^KJAIQEQRB]@N@U]QVSSW_X]NNX_,	OJ^\[[
AC^D\@QB=QQ ADXUIAR	
 <	B@TWX^NXAD[ @+_\XWN	 &
PLVX]^NXIEXVKX@\@U	NI[AZXKJ
4E
UXWA\\FUA	NKUVE @QQBM[RJ]R@NKNIN@[]WXO@@TBVRFKTCZ\G[OA 3PER_\NXIACXUIAR	<
[VB^AR_KJ
4E
WXWA\\DOAQN\B_.UY]O	nHOJ]\GKOAQVHZWWXANIBQQJ]\N	 &
SLVX]]NXTVRSMARPACNBUAV^EDOYIVY]JY@\N[[	BNK@_W\]\@VQX+RV^GUA
[VA[AS]E%IBFXTK^\N	 &
QLVX]_VQA\BG7SLOJN 3\]Y]\PVQAQNQQBT@\@U	NIZIS[KJ
4E
UXWA\\FUA	NKUXE @QQBL_VJ]R@NKNIN@ZYWXO@@TBVRFKUG^\G[OA 3PER_\NXIACXUIAR	<
[VB^AR_KJ
4E
WXWA\\DOAQN\B_.U[]O	nHOJ]\GKOAQVHPVWXANIB^\K]\N	 &
SLVX]]NXTVRSOARPACNBTER^EDOYIVY\N]@\N[[	BNK@_SX]\@VQX+RV^GUA
[VA[AS]E%IBFXTK^\N	 &
QLVX]_VQA\BG7SNOJN 3\]Y]\PVQAQNP]C]@\@U	NIZDVWKJ
4E
UXWA\\FUA	NKUZE @QQBLX\J]R@NKNIN@Z^WXO@@TBVRFKU@T\G[OA 3PER_\NXIACXUIAR	<
[VB^AR_KJ
4E
WXWA\\DOAQN\B_.U]]O	nHOJ]\GKOAQVIU^WXANIB\UB]\N	 &
SLVX]]NXTVRSIARPACNB[FT^EDOYIVYSM[@\N[[	BNK@_P^]\@VQX+RV^GUA
[VA[AS]E%IBFXTK^\N	 &
QLVX]_VQA\BG7SHOJN 3\]Y]\PVQAQNPPKZ@\@U	NIZCZVKJ
4E
UXWA\\FUA	NKU\E @QQBC\PJ]R@NKNIN@UZWXO@@TBVRFKZDX\G[OA 3PER_\NXIACXUIAR	<
[VB^AR_KJ
4E
WXWA\\DOAQN\B_.U_]O	nHOJ]\GKOAQVISZWXANIBYQC]\N	 &
SLVX]]NXTVRSKARPACNB[@P^EDOYIVYSK_@\N[[	BNK@_VZ]\@VQX+RV^GUA
[VA[AS]E%IBFXTK^\N	 &
QLVX]_VQA\BG7SJOJN 3\]Y]\PVQAQN_\M]@\@U	NIZAQ_KJ
4E
UXWA\\FUA	NKU^E @QQBBPTJ]R@NKNIN@TVWXO@@TBVRFK[H\\G[OA 3PER_\NXIACXUIAR	<
[VB^AR_KJ
4E
WXWA\\DOAQN\CT.S_]O	nHOJ]\GKOAQV@[WWDOIF@^TVO

< ]SX_WYANIEYHX JAYA@ZC\SNLC	PXIQRCDJHX HAYA@ZC\SNLV3IADDF	RV^@IS[O[=QER\^RJCKG/PAYH\C_NLPX]T=KCQQJQ3	QAC]C\CNLPOVSLEC[QRVXOOSOA
	1A]@@BC[ _VNVFIOA 	B@T_X]\@VQ
]ZF@OH\\G[OA 	@@T_X]\@VQX+RV^GUA
[VA[ARVE%IBFXTJU\N	 &
QLVX]_VQA\CL7UIOJN 3\]Y]\PVQAQNZSK]@@N[VEZHRB	,AEJ^K]@]@UNI]BNLC	QXIQZKDXFVO QAY[]ATARLE BQQBFPTJO\N<NKP^E	NXHDC[	_V/UCRQSI\K@SS3XIEXTI\N^@IS[<H^QV
@S=
QNYTJ_\N		AYQJXC\]@ZNXLCD[Q3	RAC]C\@NLY @@BAG^RVNFHQSS[@QPUJWNSKAC[_V]NM[RRQI\Q@S\	7QIY_V XWB[\GAOA3LVZ]\RB_QW%		D[YRSI_@SPYWP2]WXIIT2KAYRI\A@SEER^YSJC_IAXWGUZGUA	.EYOVSJCBGOJ]Y[[	@NK@_WX]NNXDFJ^X\F\\G[OA 	@@TV^]\RX_Q^7NVEIOA
NI^FR^KJ	
,IEZTJ]H@N 3]]Y]\Q_QYCDP;KYRVU,ER\\RH_QIVRWK]@\@U	NI[BP^E
,HYF@\@\][[ QV@VB	IQII G@XTXARQACNBXER^KJBIQE\PJ]R@N
<	SX\KJ@@AD[KXJ  3[YRQI\CT]@S=
QNYTJ^@NENSS[&]DNKLP%
TAVRUJ]B@NAYMXB\ANLE@@JA\_V3 R[VB\ASB	XIB\Q	CNVUHZQSIN_N@ZOV@KJA[QXJ	]UCARZK\CN]@Z2QQCXJOJ^[GI[OA.
]Y_\RJK_IT2JAYRI\@]@\WXU3SLQI/QAYH\C^]@MJW_[OCCGOJTZFIOA
=L\NXKCCZQRV]AUA_SXLP^]\@VQ
]ZF@OA[ZGIAOASLEYZZRJQ_IR;	NMKSOAQVCU^_DO,UQNYVJ]@T@U,ER\\RI_IDDX\%\INV[3PUJW]RJA_ITJ^O^I\\[[QV@RXWDO	nKOJ]\GHOA SX_KJ@IQFZPJ]R@NKNINCPZWJAN QNJVHY@\N[[ 
3LUXANQIYCDPHX	(AYH^C\AZB	,AGJ^K]@_[[QTSIT,]I@TNE
,HZF@\@\^[[[VGTHR^EQIRGDDF	&]QV@R^KJ	QQ KXJ	_UCAQSA\CN]@T^@@QA[	CDJHX HAYAK\K\A@B=IFXHXNVENSS[UN1\JW]PJCCSQ3	PAC]C\BBU_]]T%BJ_IJ(KNI]AR\E@@B@SCDXTVO AYPHZF[ANLP%
TBVRUJ]A@N[VBUENLC	QXIQ^GLXTXARQACNFZEZ^EDOZIV]RNU@\N[[ 
3LUXANQIYCE^HX	(AYH^C\@TB	,AGJ^K]@_[[QTSIU,[I@TNE
,HZF@\@\^[[[VB\CS[WDOIDDPRJAR	
 <	@@TWX\@@]QN_\VO PAY[]J_GR^KJAIQEQWL]@N@U]QVSSWQX]NNX_,	OJ^\[[
AC^D\A[B=QQ ADXTCAR	
 <	B@TWX^NXAD[J+_]XWN	 &
PLVX]^NXIEXQIU@\@U	NI[CP]KJ
4E
UXWA\\FUA	NKUWE @QQBM^\J]R@NKNIN@[XWXO@@TBVRFKTFT\G[OA 3PER_\NXIACXTCAR	<
[VB^AR^KJ
4E
WXWA\\DOAQN\CU.UZ]O	nHOJ]\GKOAQVI[WWXANIB]PC]\N	 &
SLVX]]NXTVRSNARPACNBTAZ^EDOYIVY\JU@\N[[	BNK@_WP]\@VQX+RV^GUA
[VA[ARWE%IBFXTJT\N	 &
QLVX]_VQA\CM7SOOJN 3\]Y]\PVQAQNQVB[@\@U	NIZGZ_KJ
4E
UXWA\\FUA	NKU[E @QQBL\TJ]R@NKNIN@ZZWXO@@TBVRFKUD\\G[OA 3PER_\NXIACXTCAR	<
[VB^AR^KJ
4E
WXWA\\DOAQN\CU.UX]O	nHOJ]\GKOAQVHWVWXANIBPUO]\N	 &
SLVX]]NXTVRSLARPACNBTFP^EDOYIVY\M_@\N[[	BNK@_PZ]\@VQX+RV^GUA
[VA[ARWE%IBFXTJT\N	 &
QLVX]_VQA\CM7SMOJN 3\]Y]\PVQAQNQ\CT@\@U	NIZHW^KJ
4E
UXWA\\FUA	NKUYE @QQBMXPJ]R@NKNIN@[^WXO@@TBVRFKT@X\G[OA 3PER_\NXIACXTCAR	<
[VB^AR^KJ
4E
WXWA\\DOAQN\CU.U^]O	nHOJ]\GKOAQVFZYWXANIBXWK]\N	 &
SLVX]]NXTVRSJARPACNBZIR^EDOYIVYRB]@\N[[	BNK@__X]\@VQX+RV^GUA
[VA[ARWE%IBFXTJT\N	 &
QLVX]_VQA\CM7SKOJN 3\]Y]\PVQAQNPUN]@\@U	NIZ@WWKJ
4E
UXWA\\FUA	NKU_E @QQBCYVJ]R@NKNIN@U_WXO@@TBVRFKZA^\G[OA 3PER_\NXIACXTCAR	<
[VB^AR^KJ
4E
WXWA\\DOAQN\CU.U\]O	nHOJ]\GKOAQVIV_WXANIBZ\B]\N	 &
SLVX]]NXTVRSHARPACNB[EV^EDOYIVYSNY@\N[[	BNK@_S\]\@VQX+RV^GUA
[VA[ARWE%IBFXTJT\N	 &
QLVX]_VQA\CM7SIOJN 3\]Y]\PVQAQNPSJ]@\@U	NIZESVKJ
4E
UXWA\\FUA	NKU]E @QQBC_RJ]R@NKNIN@UYWXO@@TBVRFKZGZ\G[OA 3PER_\NXIACXTCAR	<
[VB^AR^KJ
4E
WXWA\\DOAQN\BY.SLJ
4E
VXWA\\EUA	NI\]@ZNXJ_QW%		F[YRSI]_NPJW]NXDGJ^X]R@NKNINA@B	KQIIQXJ3AYK\_NLU_]]WVQ^+ XWA^\GHVOA
	1A_@@BC[XJVM]BY3FMTAYN
A8HQIZCFDF NVBN[QQI\_NPJW][OAG[Q3	RAC]C\@NLY @@BG\Q	CNVUMRWWI\Q@SY_NXXGB_CDJHX HAYAM]GXARLE%TQNZTVONMKTSQL@QjOVSHCCY_V3 P[VB\AQEZZ\SK,K_IJ(KNI]AR\E@@BAYGDXHX	[YTZKTC@SS3ZIEXTKAR 	AYAX_N@[OV@HBASCVDF	E[YAQH^K\A@B	KQIIBFPTJO\N<NKP^E	NXHDCZ _V/UCRQSI]B@SS3XIEXTI\N^@IRR<AYQV
@S=
QNYTJ_\N		AYRKZ@_ARB	XIK[@DDF	&]QV@R^KJ	QQ	FXJ	_UCAQRO\C\SNLC	PXIQY EDXTXARRACNA]GR^EDO,PJ^H]\N[YQTI]B@SZ7@@BA[BEDF	&_QV@R^DO^UJBB4	EVRX
	<		ANKS^UDO	
QIZCEXTJAR AYA^BUANLP%
TBVRUJ]A@N[VKZ]@T_@@QAZADXFVO QAY[^BUCR^KJBIQFY]H]@N@U
&@TWDOXIA\BEDF3AYRK\C]@NLP%
T@VRUJ]C@UKTSRH3K[SX	,AFJ^K]@^@UAC]@_HW^KJQQ	@B^TVO

< ]SX_WYANIL_HX JAYAK^AXARLE AQQAFZPJ]R@NHNINCP\WXO@@nXWB\@UAYK[C]@NLQ3QIZCDYUVO

< _SX_W[@@HDCZ ,LXF@R	
 <	C@TWX_@@IBDPRB]@@N[VD_GP^E
,HYF@\@\][[ QVIRB	IQIICDXTJO\NQ[VQ^AR^WJAN QNJVJ]@\\UUA ,]Z]@@QQDDYUVO&
AC]A\AS_E
,H[F@\@\_
UAQTI]B3ISLJ
4E
VXWA\\EUA	NI]@P^ WXANIC]TH]\N	 &
SLVX]]NXTVR\KARPACNA\BP^EDOYIVZTI_@\N[[	BNK@\TZ]\@VQX+RV^GUA
[VA[AS_E%IBFXTK\\N	 &
QLVX]_VQA\BE7\HOJN 3\]Y]\PVQAQNYUOX@\\[[QVFTZWDO	nKOJ]\GHOA SXVKJ@IQFXRN]@N@U^QVSP^SX]NNXDEJ^X_@ZXGIAOA.AJW^RVQIF_TK\\N<
NI]CR^VDO	nIOJ]\GJOAK[C]@=VERNE, _RV]GIQOANKS_W[]\NXTVRSMUE\@U,ER\\RK_QTF@UC@NJNINCRWWXO@@TAVRFH]IZ\G[OA 	@@TUXTZRJQ_IR;	NMKSOAQVCU^VDO,UQNYVJ]A]@U,ER\\RI_IDDYU%UHNV[3PUJW]RJA_ITJ^K^GTUGIOASXV V\]@@R+
ANVFISRO[ L_PANQNJVHXF\\UUA^SXLU][\RX_QPUXWR^^BOSSAUN1GNXHC_IXVRVM]A]@U&NKS\WY\@@R+
CNVFISPUNA[AS_j_QOVXT 7^NMHSSQUN@TSYT]RJ_Q^F@UFZXGUA	.EYOVSJCBGOJTU[[	@NK@\_P]\@VQ
]ZF@OB^TOISAO[ _]J_^ZBCCIQ2[YQSUNSX\WY\@@nJ^K_@\]FUA	.E[OVSJC@QF_THX/]\G[YA
	1A^@@BC[_V
OJ]UEKWSSUN]Y]_[HC_IT2HAYRI\B@SCOVSJC_IGIOJN^AMSSS[@QPUJWNPLGC[QXJ	]UCAQUM\C\SNLV3IADDF	RV^@IQVO[=QER\^RJAFG/PAYH\C_NLPX\]=KJ@IV3 Q[VB\APBNXK@EYGDXHX	[YPRJZE\]@S=
 QNYTJ\\N AC]J_]@T_@@QF] EDXFVO QAY[YE]GR^KJBIQA^UL]@N@U
&@TWDOXIA\BEDF3AYRK\C]@NLP%
T@VRUJ]C@UKTSRH3BUC@TNE
,HZF@\@\^[[[VB_ER_WXANIGYTMZ@@N 3_]Y]\SVQGJ^KTB@NJNINDWVWXO@@TAVRFOXHX\G[OA 	@@TR]UXRJQ_IR;	NMKSOAQVCU^VDO,UQNYVJ]A]@U,ER\\RI_IDDYU%\I]NMA	.EZOVSJCAGF@\C][A@SSO[LTXZT[J_QW%		F[YRSI]_NPJW][K_QPWXWRYYBKSSAUNEROYWOAC[_V]NM[VVVK\CN]@Z2QQCXJOJ^[GHROA.
]Y_\RKB_IT2JAYRI\@]@\WY\3SCCQQJQ3	QAC]C\CNLPOVSHJF^CDDF
	UCPSVI^C@SS3ZIEXTKAR 	AYHUC@SY^NXXFFYCDJHX KAYALYA\ARLE BQQFAZTJ]R@N
<	SX\KJ@@AD[ BXJ  3[YRQI\B]]@S=
QNYTJ^@NENSRR&]J[SX	,AFJ^K]@^@UAC]GYG[ZWDOI@F]WB]\N	 &
SLVX]]NXTVRUCZ\NP[VQYFVZWJANQNJQMYD\\UUA]SXL P\Y\RX_Q^7NVEIOA
NI^FR_KJ	
,IEZTJ\A@N 3]]Y]\Q_QYCEY;KTFNV[3PUJW]RJA_ITJ^KYC_\GISOA		@TUZY_RVQW; 	]UCRSSH@Q YER\UTVQ
][F@OE[]EISAO[ \]JX[SHCCIQ	ANVULTRQI\Q@S\	7QIY_V XWB[\FHOA3LVZ]\SK_QW%		D[YRSI_@SPYVY2][OQI/QAYH\C^]@MJW]VJJ@^CXJNMJRZW@\_NP2
BIBDXUVO	AYR@Y_N@[OV@OEK[CVDF	E[YAVOTC\A@B	KQIIELXTJO\N<NKP^E	NXHDCZ _V/UCRQSI]B@SS3XIEXTI\N^@IRR<HUGNKLP%
TAVRUJ]B@NAYH_KZAR^KJQQBB]SJAR	
 <	@@TWX\@@]QNY]NARPACNFZEZ^EDOYIV]RNU@\N[[	BNK@[SP]\@VQX+RV^GUA
[VA[AS_E%IBFXTK\\N	 &
QLVX]_VQA\BE7UCTRVU,ER\\RH_QIVRUO]E[\GIOASX]V[^\NXT 7]NMHSSRUN	]YTUNXDGJ^XXH\TGIAOAPLE]U\ZJCQG\RVNBAS[SIN_N[8XIA[QF@_G\]FUA,@TUX]]SVQW; 	_UCRSSJ_NCU^V7\UZXIIT2KAYRI\A@SEER\XZKBD[_VNVDK[PVI@Q	V7BQQ CDYHX	[YRZA@QPTJWNWMDE[QXJ	^UCAVTNZC\SNLC	SXIQ^DBXTXAR<	QVCRBOVPMCBZQ
2NMHQSSH]_NP2
@IBDXWAR^[GKV<RIZQV
@S=
QNYTJ_\N		AYQKXJ^ARB	XIBZJMXHX
	<		BNKS^VDO IBD^HX JAYAKT@^ARLE AQQAL[VJ]R@NHNINCZ]WXO@@nXWB\@UAYK[C^DNLQ3QIZCDZQVO

< _SX_W[@@HDCZ ,E_]XWN	 &
PLVX]^NXIEXRCYD\\[[QVCUZRXANE, \RV]GIROA		@TPQANQNJQK[H\\UUA^SXL V^U\RX_QPUXWRY]AASSAUN1GNXHC_IXVRVM]A]@U&NKS\WY\@@R+
CNVFISPUNA[AP[jVXTNXQW; 	^UCRSSK@Q		LU\_[UJC_IAXWA]UF@SOA
	1A]@@BC[ _VNVFIZOAQLEZT^ZJCQG_RVNE@Q[SIN_N@YOV@HJASCVDF3AC^C@S
]ZZ\PO_QC7OJ]^GIQVO[	
j	QXIB[@	DFHZ@]](HTRACQ	V7AQQ CDZHXNM@QWTK\C@SBOVPO@@Z_V3 R[VB\ASB	XIB\ _V_NM[WZRK\CN]@T^@@QGR ADXFVO RAY[XJ]CR^KJ,
EVRVJARUCQTSH]_NE8	NXKAC[ BXJ(JNI]AR]HKJ_[RKB,ZCVRX
	<		ANKS^UDO	
QIRDC\TJAR AYKYC[BRB	,AEJ^K]@]@UNI]FRB	IQIIKLXTJO\NQ[VQXIZ^WJAN QNJPBU@\\UUA ,]Z]@@QQDDYUVO&
AC]A\AS_E
,H[F@\@\_
UAQTI]B3@U]]O	nHOJ]\GKOAQVHWWUX]@@
CQNZQBXA\@U,ER\\RK_QTF@\G_@U_QVSVWQX]NNXDFJ^XYI[ZGIAOASLE\T[TJCQG
%	UCQSO[NKPYVYAN4XVRUH]@]][[3PTJW]RJ@GACXUK2A[^UCA
=L_NXKCCYQXWIX]NLSSO[LU]XURJ_QW%		F[YRSI]_NPJW]UH_QPWXWRXUCMSSAUNEROX[NGC[_V]NM[WZWM\CN]@Z2QQCXJOJ^[GHROA.
]Y_\RKB_IT2JAYRI\@]@\WY\3SMFQQJQ3	QAC]C\CNLPOV[CFB[CXJNMKUPTN\_NP2
BIBDXUVO	AYRNY_N@[OV@OCG[CVDF	E[YAVIXC\A@B	KQIIC@XTJO\N<NKP^E	NXHDCZ _V/UCRQSI]B@SS3XIEXTI\N^@IRR<H[GNKLP%
TAVRUJ]B@NAY@[D]ER^EQIYBE[TVO

< ]SX_WYANIE_PVO PAY[YC\IR^KJAIQAXTB]@N@U]QVSW^_X]NNX_,	OJ^\[[
AC^D\@SB=QQ ADXUKAR	
 <	B@TWX^NXAD[ B+YSMOJN 3\]Y]\PVQAQNYTI\G[\GUA	NKPXWP]@@R+
ANVFISRO[ LV_Z@@T@VRFO\@X\G[OA 	C@TRY]XRJQ_IGKOJNYFIWSS[@Q j		@@ACGJ^HZ@]][[	3SX_WX\]NXT 7_NMHSSP@Q^FR_8YZZ@@QW%		E[YRSI^_N]Y]]QIBC[QRV^AOWQSUN
A8KQIZCEDF	 UCRTUUNEROYRMAC[_V^NM[VSTK\CN]@T]@@QF[ADXFVO&NI^ANL\JW^UJBBG%NVFKSSRH@Q	V7@QQ CD[VOB[\GL<RVMNISS3YIEXTHAR	[YUUO[F\ANLE@@ABZFDDF	&]QV@R^KJ	QQ F@DF	D[YAWJZK\A@B	HQII@BPTJO\NR[VQXBTVWJAN4C F@\E@NAYQN\CY]@
G2XIBYCD]HX
	<		@NKS^TANPMCC^nBA]F@R	
 <	C@TWX_@@IELXVJ]@@N[VA]BU_KJ
4E
UXWA\\FUA	NKS[ KJ@IQ@\TJ]@N@U^QVSVZWX]NNXDEJ^XYD\\GIAOA.AJW]WVQIF_TJX\N<
NI]CR^RDO	nIOJ]\GJOAK[C\D=_ QJW@R+
BNVFISQO[	SXXTP[\RVQFJ^H\F\TGUA	.EYOVSJCBGOJ]YAUA_SXLS[_\RX_QPVXWRXXDKSSAUNEROXVIAC[_V/AYRL@Q@TPX]YNXA,F@\B\\GLOA
=L^NXKCCXL_VZSJ]E3]BNAY[	
j	PXIB[AXJRV[GNTQSI@QGER_]ZNECG/RAYH\C]]@PNXKFDG^RVNCMUWSIN_N@ZOV@NGE_CVDF	F[YAWMZG\A@B=IE]HXNVENSSVUN1\JW]PJCC^Q3	PAC]C\BBU_]\W%BF[IJ(KNI]AR\E@@EB_DDXHX	[YQSK\E\]@S=
 QNYTJ\\N AC]F\]@T_@@QGYCDXFVO QAY[XAXAR^KJBIQ@ZPJ]@N@U
&@TRDOXIA\CADF3AYRK\C\DNLP%
T@VRUJ]C@UKTSSL3BY@@TNE
,HZF@\@\^[[[VE^FT_WDOIAD\WL]\N	 &
SLVX]]NXTVRUO\\NP[VQXCU\WJANQNJPHZB\\UUA]SXLU__\RX_Q^7NVFLOA
NI^FR^ KJ	
,IEZTJ]E@N 3]]Y]\Q_QYCD];KXBNV[3PUJW]RJA_ITJ^LY@XYGIOASX\Q^U\NXT 7]NMHSSRUN	]YX^NXDGJ^XYC\XGIAOAPLE\^\VJCQG\RVNCJSWSIN_N[8XIB^QF@_G\\BUA,@TUX]\WVQW; 	_UCRSSJ_NCU^R7\YQXIIT2KAYRI\A@SEER[YQOCC[QRV^G@SRSUN
A8KQIZCEDF	 UCRVPUNEROXQIEC[_V^NM[WPPO\CN]@T]@@QGXEDXFVO&NI]DNL\JW^UJCFG%NVFKSSSL@Q	V7@QQ CD[VOB[\FK<RUONISS3YIEXTHAR	[Y[WK]F\ANLE@@AG[FDDF	&]QV@R^KJ	QQ EBDF	D[YAWNYA\A@B	HQIIDAZTJO\NR[VQXFW\WJAN4C F@_@@NAYQN\B^]@
G2XIBYCEZHX
	<		@NKS^TANPMCC^nBAPF@R	
 <	C@TWX_@@IDFYSC]@@N[VA^AZXKJ
4E
UXWA\\FUA	NKS[KJ@IQ@\]L]@N@U^QVSVZQX]NNXDEJ^XYDUZGIAOA.AJW]WVQIF_TJX\N<
NI]CR^RDO	nIOJ]\GJOAK[C\D=_ ^JW@R+
BNVFISQO[	SXYQXZ\RVQFJ^H_C^[GUA	.EYOVSJCBGOJ]YNUA_SXLRZU\RX_QPVXWRXYEASSAUNEROXWHKC[_V/AYRL@Q@TPX]YNXA,F@\B\\GLOA
=L^NXKCCXL_VZSJ]H3]D@AY[	
j	PXIB[AXJRVXOAPUSI@QGER\[ULGCG/RAYH\C]]@PNXK@JG^RVNDA[[SIN_N@ZOV@IKKSCVDF	F[YAPATK\A@B=IFXHXNVENSS[UN1\JW]PJCCSQ3	PAC]C\BBU_]\Z%B@SIJ(KNI]AR\E@@GD\GDXHX	[YRTLYC\]@S=
 QNYTJ\\N AC]@T]@T_@@Q@SEDXFVO QAY[_KYGR^KJBIQGPQL]@N@U
&@TWDOXIA\CLDF3AYRK\C\INLP%
T@VRUJ]C@UKTSRL3B_@@TNE
,HZF@\@\^[[[VG\HT]WDOIBBX\C]\N	 &
SLVX]]NXTVRUI\\NP[VQ_GQ\WJANQNJWL^B\\UUA]SXLQ[_\RX_Q^7NVEIOA
NI^FR_ KJ	
,IEZTJ\E@N 3]]Y]\Q_QYCE];K^@NV[3PUJW]RJA_ITJ^N]@Y_GIOASX_ _P[\NXT 7]NMHSSRUN	]Y^\NXDGJ^X^F\\GIAOAPLE[[\RJCQG\RVNDOSSSIN_N[8XIA[QF@_G\]BUA,@TUX]]WVQW; 	_UCRSSJ_NCU^R7\_QXIIT2KAYRI\A@SEERY^ZIAC[QRV]ALSSSUN
A8KQIZCEDF	 UCRPPUNERO_TCEC[_V^NM[PUZO\CN]@T]@@Q@]EDXFVO&NI^ANL\JW^UJBFG%NVFKSSRL@Q	V7@QQ CD[VOB[\FL<RPKNISS3YIEXTHAR	[YWRATJ\ANLE@@BEYGDDF	&]QV@R^KJ	QQ @FDF	D[YAPOZG\A@B	HQIIEB\TJO\NR[VQ_GTZWJAN4C F@_@@NAYQN\BY]@
G2XIBYCE]HX
	<		@NKS^TANPMCB^nBG]F@R	
 <	C@TWX_@@IG@_RM]@@N[VBZHSXKJ
4E
UXWA\\FUA	NKS] KJ@IQG_RJ]@N@U^QVSQYWX]NNXDEJ^X^GZ\GIAOA.AJW^RVQIF_TKX\N<
NI]CR^RDO	nIOJ]\GJOAK[C]D=_SJW@R+
BNVFISQO[	SXZPQ\\RVQFJ^K[G\[GUA	.EYOVSJCBGOJ]_CUA_SXLPZU\RX_QPVXWR_[EASSAUNERO_UHKC[_V/AYQI@Q@TPX\YNXA,F@\B\\FLOA
=L^NXKCCXL_VZSJ\E3]DNAY[	
j	PXIB[AXJRVXANU[SI@QGER\[QIDCG/RAYH\C]]@PNXK@DG^RVNDAQWSIN_N@ZOV@IKA_CVDF	F[YAPA^G\A@B=IFXHXNVENSRVUN1\JW]PJCB^Q3	PAC]C\BBU_]]W%B@]IJ(KNI]AR\E@@GF\JDXHX	[YRTH^E\]@S=
 QNYTJ\\N AC]@Z]@T_@@Q@\ADXFVO QAY[_DUCR^KJBIQG_]H]@N@U
&@TWDOXIA\BADF3AYRK\C]DNLP%
T@VRUJ]C@UKTSRL3B_H@TNE
,HZF@\@\^[[[VGTIQXWDOIBC_RN]\N	 &
SLVX]]NXTVRUIT\NP[VQ_IZVWJANQNJWBUH\\UUA]SXL_PU\RX_Q^7NVEIOA
NI^FR_ KJ	
,IEZTJ\E@N 3]]Y]\Q_QYCE];K^HNV[3PUJW]RJA_ITJ^NZGUXGIOASX_R]]\NXT 7]NMHSSRUN	]Y^TNXDGJ^X^HYZGIAOAPLE[UYTJCQG\RVNDAVUSIN_N[8XIA[QF@_G\]BUA,@TUX]]WVQW; 	_UCRSSJ_NCU^U7\^PXIIT2KAYRI\A@SEER^_QKKC[QRV]CJSTSUN
A8KQIZCEDF	 UCRQQUNERO_QNGC[_V^NM[PPWM\CN]@T]@@Q@XGDXFVO&NI^ANL\JW^UJBAG%NVFKSSRK@Q	V7@QQ CD[VOB[\EL<RRKNISS3YIEXTHAR	[YQUHZJ\ANLE@@BA_BDDF	&]QV@R^KJ	QQ BFDF	D[YAPI^G\A@B	HQIICF\TJO\NR[VQ_APZWJAN4C F@_@@NAYQN\AY]@
G2XIBYCF]HX
	<		@NKS^TANPMCA^nBE[F@R	
 <	C@TWX_@@IABPVO]@@N[VB^GQ_KJ
4E
UXWA\\FUA	NKS_KJ@IQGXQL]@N@U^QVSQ^ QX]NNXDEJ^X^@YZGIAOA.AJW^RVQIF_THX\N<
NI]CR^RDO	nIOJ]\GJOAK[C^D=_WJW@R+
BNVFISQO[	SX\_QX\RVQFJ^K_@UYGUA	.EYOVSJCBGOJ]]GUA_SXL^^]\RX_QPVXWR^UAISSAUNERO^[LCC[_V/AYQI@Q@TPX_YNXA,F@\B\\ELOA
=L^NXKCCXL_VZSJ_E3]FHAY[	
j	PXIB[AXJRV^BLQUSI@QGER\^PMACG/RAYH\C]]@PNXKBBG^RVNE@ZQSIN_N@ZOV@HJJYCVDF	F[YAQ@UA\A@B=IFXHXNVENSQVUN1\JW]PJCA^Q3	PAC]C\BBU_]^W%BB]IJ(KNI]AR\E@@AKSBDXHX	[YRPH[K\]@S=
 QNYTJ\\N AC]BZ]@T_@@Q@ZADXFVO QAY[_BYCR^KJBIQGYQH]@N@U
&@TWDOXIA\AADF3AYRK\C^DNLP%
T@VRUJ]C@UKTSQL3B]F@TNE
,HZF@\@\^[[[VAUDUWWDOIBG[RI]\N	 &
SLVX]]NXTVRUKZ\NP[VQ_@ZZWJANQNJWKUD\\UUA]SXLVPY\RX_Q^7NVEIOA
NI^FR\ KJ	
,IEZTJ_E@N 3]]Y]\Q_QYCF];K\DNV[3PUJW]RJA_ITJ^HZDUXGIOASX__Y_\NXT 7]NMHSSRUN	]Y\XNXDGJ^X^@TTGIAOAPLE[]TZJCQG\RVNDI[[SIN_N[8XIA[QF@_G\^BUA,@TUX]^WVQW; 	_UCRSSJ_NCU^R7\]WXIIT2KAYRI\A@SEER_TSMEC[QRV]E@ZWSUN
A8KQIZCEDF	 UCRRVUNERO_SHCC[_V^NM[PRQI\CN]@T]@@Q@ZCDXFVO&NI^ANL\JW^UJAFG%NVFKSSQL@Q	V7@QQ CD[VOB[\EL<RRANISS3YIEXTHAR	[YPSJ\C\ANLE@@B@^JDDF	&]QV@R^KJ	QQ BLDF	D[YAPK]E\A@B	HQIIAE^TJO\NR[VQ_CSXWJAN4C F@_@@NAYQN\AY]@
G2XIBYCF]HX
	<		@NKS^TANPMCA^nBEQF@R	
 <	C@TWX_@@I@EXWN]@@N[VB_FQYKJ
4E
UXWA\\FUA	NKS_KJ@IQGZPB]@N@U^QVSQ\_X]NNXDEJ^X^BXTGIAOA.AJW^RVQIF_THX\N<
NI]CR^RDO	nIOJ]\GJOAK[C^G=_ VJW@R+
BNVFISQO[	SXXP^\\RVQFJ^H]D_ZGUA	.EYOVSJCBGOJ]YFUA_SXLU__\RX_QPVXWRX^@KSSAUNEROXPMAC[_V/AYQI@Q@TPX_ZNXA,F@\B\\EOOA
=L^NXKCCXL_VZSJ_F3]BIAY[	
j	PXIB[AXJRVZFMZTSI@QGER_\PJECG/RAYH\C]]@PNXKFCG^RVNCKWSSIN_N@ZOV@NAG[CVDF	F[YAWKXC\A@B=IFXHXNVENSQUUN1\JW]PJCA]Q3	PAC]C\BBU_]^T%BFXIJ(KNI]AR\E@@EFXCDXHX	[YQS@\B\]@S=
 QNYTJ\\N AC]F_]@T_@@QGXEDXFVO QAY[X@_GR^KJBIQ@[WL]@N@U
&@TWDOXIA\ABDF3AYRK\C^GNLP%
T@VRUJ]C@UKTSQO3BYC@TNE
,HZF@\@\^[[[VEXAV[WDOIAD^RB]\N	 &
SLVX]]NXTVRUO_\NP[VQXBRZWJANQNJPI]D\\UUA]SXLTXY\RX_Q^7NVEIOA
NI^FR\KJ	
,IEZTJ_F@N 3]]Y]\Q_QYCF^;KXENV[3PUJW]RJA_ITJ^LU@^\GIOASX\T_\\NXT 7]NMHSSRUN	]YXYNXDGJ^XYD\\GIAOAPLE\Y\RJCQG\RVNCMSSSIN_N[8XIA[QF@_G\^AUA,@TUX]^TVQW; 	_UCRSSJ_NCU^Q7\YVXIIT2KAYRI\A@SEER[ZTMFC[QRV^FHPVSUN
A8KQIZCEDF	 UCRVWUNEROXQLKC[_V^NM[WPUA\CN]@T]@@QGXKDXFVO&NI^ANL\JW^UJAEG%NVFKSSQO@Q	V7@QQ CD[VOB[\EO<RVNNISS3YIEXTHAR	[YTSN[A\ANLE@@ABSEDDF	&]QV@R^KJ	QQ FCDF	D[YAWMZG\A@B	HQIIGB\TJO\NR[VQXETZWJAN4C F@_@@NAYQN\AZ]@
G2XIBYCF^HX
	<		@NKS^TANPMCA]nBA^F@R	
 <	C@TWX_@@IEM[\L]@@N[VA]GRVKJ
4E
UXWA\\FUA	NKS[KJ@IQ@\WH]@N@U^QVSVZUX]NNXDEJ^XYD_^GIAOA.AJW^RVQIF_TH[\N<
NI]CR^QDO	nIOJ]\GJOAK[C^G=_ ^JW@R+
BNVFISQO[	SXYQXZ\RVQFJ^H_C^[GUA	.EYOVSJCBGOJ]YNUA_SXLRZU\RX_QPVXWRXYEASSAUNEROXWHKC[_V/AYQI@Q@TPX_ZNXA,F@\B\\EOOA
=L^NXKCCXL_VZSJ_F3]BAAY[	
j	PXIB[AXJRV[EHTZSI@QGER_^RBECG/RAYH\C]]@PNXKFKG^RVNCMZUSIN_N@ZOV@NGJ]CVDF	F[YAWMUE\A@B=IFXHXNVENSQUUN1\JW]PJCA]Q3	PAC]C\BBU_]]P%BASIJ(KNI]AR\E@@@KY	CDXHX	[YRVMT@\]@S=
 QNYTJ\\N AC]AT]@T_@@Q@^EDXFVO QAY[_F_GR^KJBIQG]WL]@N@U
&@TWDOXIA\BFDF3AYRK\C]CNLP%
T@VRUJ]C@UKTSSJ3B^B@TNE
,HZF@\@\^[[[V@X@RVWDOIB@]TJ]\N	 &
SLVX]]NXTVRUH^\NP[VQ_BUXWJANQNJWIZF\\UUA]SXLT_[\RX_Q^7NVFIOA
NI^FR^KJ	
,IEZTJ]C@N 3]]Y]\Q_QYCD];BOJN 3\]Y]\PVQAQNYTL]@@N[V@[@RB	,AEJ^K]@]@UNIT]@T_@@QF]CVDF	E[YAVO\CN]@T]@@QF]CVDF3AC]F@S
]ZZ\RO_QC7OJ]^GISVO[	
j	QXIB[@	DFHZ@\_(HQRACQ	V7AQQ CDZHXNMJQVWK\C@SBOVSNBB]_V3 R[VB\ASB	XIBY _V_NM[PPRK\CN]@T^@@Q@X ADXFVO RAY[_@]CR^KJ,
EVRUJARUCQTSI__NE8	NXKAC[@XJ(JNI]AR]HKJ_[RJ@,ZCVRX
	<		ANKS^UDO	
QIX DLYTJAR AYH_J^GRB	,AEJ^K]@]@UNI]CRB	IQIIALXTJO\NQ[VQ_CZ^WJAN QNJWHU@\\UUA ,]Y]@@QQDDXWVO&
AC]A\AR]E
,H[F@\@\_
UAQTI\@3@PY]O	nHOJ]\GKOAQVBUZQX]@@
CQNYQHUD\@U,ER\\RK_QTF@\B[@U_QVSQ[SX]NNXDFJ^X^E\XGIAOASLE[X\VJCQG
%	UCRSO[NKPYW[AN4XVRUH]@\_[[3PTJW]RJ@GACXTI2A^ZUCA
=L_NXKCCYQXWCZYANSSO[LV]]TTJ_QW%		F[YRSI]_NPJW]PL_QPWXWR_X@KSSAUNERO_VMAC[_V]NM[PWTK\CN]@Z2QQ CXJOJ^[GIPOA.
]Y_\RJ@_IT2JAYRI\@]@\WX^3SHFQQJQ3	QAC]C\CNLPOVQOD@XCXJNMHW[[@\_NP2
BIBDXUVO	AYRKY_N@[OV@IGG[CVDF	E[YAPMXC\A@B	KQIIG@XTJO\N<NKS^E	NXHDC[_V/UCRQSI\@@SS3XIEXTI\N^@ISV<@NISS3YIEXTHAR	[YRPL\C@SBOVVHKCG/RAYH\C]]@PNXC_QPWXWRZXGIAOAPLE^Y\RX_QPUXWRZXGIAOA.AJW]WVQIF_TJX\N<
NI]CR^RDO	nIOJ]\GJOAK[C\B=_^JW@R+
BNVFISQO[	SX]V]T\RVQFJ^KXFTXGUA	.EYOVSJCBGOJ]^NUA_SXLR^U\RX_QPVXWR_YAASSAUNERO_WLKC[_V/AYRI@Q@TPX]_NXA,F@\B\\GJOA
=L^NXKCCXL_VZSJ]C3]EAAY[	
j	PXIB[AXJRV_OK[SSI@QGER\YVB@CG/RAYH\C]]@PNXKAKG^RVNDLPUSIN_N@ZOV@IF@]CVDF	F[YAPL_E\A@B=IEXHXNVENSSPUN1\JW]PJCCXQ3	PAC]C\BBU_]\V%AC[IJ(KNI]AR\E@@BFXFGXTVO AYPJX@_ANLP%
TBVRUJ]A@N[VA\ANLC	QXIQ^	GDXTXARQACNFTER^EDOZIV]\N]@\N[[ 
3LVXANQIYCD\HX	(AYH^C\AVB	,AGJ^K]@_[[QTSIY,_I@TNE
,HZF@\@\^[[[VA\BT^KJQQFB_TVO

< ]SX_WYANIGPHX JAYAOYE\A@B	HQIIFBXTXARRACNEYGR^KJ,
EVRUOARUCQTSIY_NE8	NXKAC[FXJ(JNI]AR]HKJ_[RJF,XQNF	&^QV@R^KJXIAZKDXHX	[YQUL[C@SS3ZIEXTKAR 	AYJU_N@[OV@LKK[QXJ	^UCAU[A\CN]@T]@@QES	CDJHX([VBY]@QER_[RJF_IU;	RV]EISSVUN
A8IQIZCGHX_G\\E&RR[[VNP2
AIBDXVVOUCPSPI\C\]@ZNXK@F_CXJ(HNI]AR_EQIZ KXJ	_UCAPQHZC\SNLC	PXIQXBBXTXARRACN@^@T^EDO,PJ^K]\N[YQTI\A@SZ7@@BA[CFDF	&_QV@R^DO^UJCF4GVRX
	<		ANKS^UDO	
QIZA@XTVO AYQK]D\]@S=
 QNYTJ\\N AC_G@SY^NXXFASCVDF	E[YAVKTC\SNLC	SXIQ^KDXFVO&NI]DNL\JW^UJCFG%NVFKSSSL@Q	V7@QQ CD[VOB[\GN<RWHNISS3YIEXTHAR	[YVS@[A\ANLE@@BKZEDDF	&]QV@R^KJ	QQ GEDF	D[YAP@YA\A@B	HQIIJAZTJO\NR[VQ_HW\WJAN4C F@_@@NAYQN\C[]@
G2XIBYCD_HX
	<		@NKS^TANPMCC^n@BJ^O

< ^SX_WZANQQ KF[TJAR AYK_J\ANLP%
TBVRUJ]A@N[V@Z]@T_@@QFRCDJHX KAYALUA\A@B	KQIIJFXTXAR<	QV@WBOVPMCC^Q
2NMHQSSIY_NP2
@IBDXWAR^[GIV<PNNISS3YIEXTHAR	[YRZKTC\]@ZNXHGDS_V3 R[VB\ASB	XI@\Q	CNVUOQWSIN_N@ZOV@LAG[QXJ	]UCAUQM\CN]@Z2QQ FXJOJ^[GIVOA.
]Y_\RJF_IT2JAYRI\@]@\WXX3QJQI/QAYH\C^]@MJW]PLKC[QRV]OAWSO[	
j	SXIB[BXJ NMJSOAQLE\]\RJQ_IGHOJNXGISSAUNEROXRJCCIQ2[YRVUNSX\WXX@@nJ^K_@\\BUA	.E[OVSJC@QF_TJX/_]UCA
=L_NXKCCYQXWA_YEISOA		@T^^X\NXT 7]NMHSSRUN	][\@@T@VRFN^B\\UUA^SXLTZ]\@VQ
]YF@OD_^GIAOA.AJW]WVQIF_TJX\N<
NI]CR^RDO	nIOJ]\GJOAK[C\D=]ERNE, _RV]GIQOANKSZ^X]@@
CQNZTNU@@N 3_]Y]\SVQGJ^I_\NP[VQXGV^EDOYIV\RN]@N@U]QVSVXWXO@@nXWAY@UAYK[C\DNLQ3QIZCDXQVO

< _SX_W[@@HDC[,G[F@R	
 <	C@TWX_@@IBA[TJ]\NAC^B_CRB	,AEJ^K]@]@UNI_BNLC	QXIQ_EDXFVO QAY[XJZARLE BQQGM^TJO\N<NKS[E	NXHDC[_V/UCRQSI\F@SS3XIEXTI\N^@ISR<H\JNKLP%
TAVRUJ]B@NAYKXA[FR^EQIZ JEQTVO

< ]SX_WYANIEX]VO PAY[^J^IR^KJAIQFQVB]@N@U]QVSPW_X]NNX_,	OJ]\[[
AC^D\ASB=QQ ADXTKAR	
 <	B@TWX^NXAD[B+YTBOJN 3\]Y]\PVQAQNZWLZA\\[[QV@SYSXANE, \RV]GIROA		@TWPANQNJVBTF\\UUA^SXL_Q[\RX_QPUXWR^TNOSSAUN1GNXKC_IXVRVM]@]@U&NKS\WX\@@R+
CNVFISPUNA[AR_jVX^NXQW; 	^UCRSSK@Q		LUXU\ZJC_IAXWA\TNISOA
	1A]@@BC[ _VNVFIPOAQLEZZ_TJCQG_RVNENPUSIN_N@YOV@HD@]CVDF3AC]C@S
]ZZ\RK_QC7OJ]^GISRO[	
j	QXIB[@	DFHZ@\](HSQACQ	V7AQQ CDZHXNMKSQU@\C@SBOVSJDAX_V3 R[VB\ASB	XIB[_V_NM[QTSM\CN]@T^@@QA\GDXFVO RAY[^D\ER^KJ,
EVRUJARUCQTSI]_NE8	NXKAC[BXJ(JNI]AR]HKJ_[RJB,ZBVRX
	<		ANKS^UDO	
QIZD@YTJAR AYH\FYFRB	,AEJ^K]@]@UNI]ASB	IQIIECZTJO\NQ[VQ^GU\WJAN QNJVLZB\\UUA ,]Y]@@QQDDXUVO&
AC]A\AR_E
,H[F@\@\_
UAQTI\B3@R^]O	nHOJ]\GKOAQV@[\SX]@@
CQNYTITB\@U,ER\\RK_QTF@\@\@U_QVSPXWX]NNXDFJ^X_FX\GIAOASLEZ[XRJCQG
%	UCRSO[NKPYWYAN4XVRUH]@\][[3PTJW]RJ@GACXTK2A\[UCA
=L_NXKCCYQXWB_\@OSSO[LVYX[SJ_QW%		F[YRSI]_NPJW]RM_QPWXWR^TAMSSAUNERO^ZLGC[_V]NM[Q[UM\CN]@Z2QQ CXJOJ^[GIROA.
]Y_\RJB_IT2JAYRI\@]@\WX\3SJEQQJQ3	QAC]C\CNLPOVPHGJYCXJNMHRPZ@\_NP2
BIBDXUVO	AYRIZ_N@[OV@HK@YCVDF	E[YAQA_A\A@B	KQIIKGZTJO\N<NKS^E	NXHDC[ _V/UCRQSI\B@SS3XIEXTI\N^@ISR<H\FNKLP%
TAVRUJ]B@NAYK]J]HR^EQIZ AFPTVO

< ]SX_WYANIEXQVO PAY[^K\AR^KJAIQFPTJ]@N@U]QVSPVWX]NNX_,	OJ]\[[
AC^D\ASB=QQ ADXTKAR	
 <	B@TWX^NXAD[B+YTNOJN 3\]Y]\PVQAQNZUIXH\\[[QV@S^ _XANE, \RV]GIROA		@TW\ANQNJVM[H\\UUA^SXLP^U\RX_QPUXWR^[AASSAUN1GNXKC_IXVRVM]@]@U&NKS\WX\@@R+
CNVFISPUNA[AR\jVXYNXQW; 	^UCRSSK@Q		LUY^YZJC_IAXWA]\BASOA
	1A]@@BC[ _VNVFIWOAQLEZZZZJCQG_RVNENU[SIN_N@YOV@HDESCVDF3AC]C@S
]ZZ\RH_QC7OJ]^GISQO[	
j	QXIB[@	DFHZ@\Y(HAY[	
j	PXIB[AXJRV\[[QVANLP%
TBVRUJ]A@N[VB@SY^NXXCQG_RVNG[OA 	@@TWJAN4C F@\E@NAYQN\CY]@
G2XIBYCD]HX
	<		@NKS^TANPMCBYnA@J^O

< ^SX_WZANQQ	ALXTVO AYRM]J\]@S=
 QNYTJ\\N AC^G@SY^NXX@C_CVDF	E[YAPIXC\SNLC	SXIQXGDXFVO&NI^ANL\JW^UJBAG%NVFKSSRK@Q	V7@QQ CD[VOB[\GK<PR[VNP2
AIBDXVVOUCRPVK\C@SBOVSCEF[Q3	RAC]C\@NLY @@@BG^RVNCJQSS[@QPUJWNVIAC[_V]NM[WPQI\Q@S\	7QIZ_V XWB[\GKOA3LVZ]\RH_QW%		D[YRSI_@SPYW]2^@@QW%		E[YRSI^_N][]\NXTVRQJ]\N	 &
SLVX]]NXTVRVVO PAY[TC\SNLC	PXIQSCVDF	F[YA[I\Q@S\	7QIZ_V XWB[\GLOA3LVZ]\RO_QW%		D[YRSI_@SPYVY2_ZXIIT2KAYRI\A@SEER_\QLCCGOJ^YANSOA
	1A]@@BC[ _VNVDAOA 	B@TQ][\RX_QPVXWRZYAISAO[ _]J[YTJCQG
%	UCQSO[NKPYVYAN4XVRUH]@]][[3PTJW]RJ@GACXTH2A\[UCA
=L_NXKCCYQXWB_\@OSSO[LVYX[SJ_QW%		F[YRSI]_NPJW]RM_QPWXWR^TAMSSAUNERO^ZLGC[_V]NM[Q[UM\CN]@Z2QQ CXJOJ^[GIQOA.
]Y_\RJA_IT2JAYRI\@]@\WYX3QBQI/QAYH\C^]@MJW^RIEC[QRV^BOTSO[	
j	SXIB[BXJ NMJ[OAQLE^XZRJQ_IGHOJNZBOSSAUNEROZWLCCIQ2[YQSUNSX\WYX@@nJ^K_@\]BUA	.E[OVSJC@QF_TJX/XNMA	.EZOVSJCAGF@\I\\[[QV@W]KJ
4E
UXWA\\FUA	NKVB	IQIIGDXFVO QAY[^G\A@B	KQIIGDXFVO&NI]DNL\JW^UJCFG%NVFKSSSL@Q	V7@QQ CD[VOB[\GK<RSHNISS3YIEXTHAR	[YRZNXB\ANLE@@BC^DDDF	&]QV@R^KJ	QQ CEDF	D[YAQO[A\A@B	HQIIECZTJO\NR[VQ^GU\WJAN4C F@\@@NAYQN\C^]@
G2XIBYCDZHX
	<		@NKS^TANPMCCYnBDZF@R	
 <	C@TWX_@@IADZRC]@@N[VB\FP]KJ
4E
UXWA\\FUA	NKS^KJ@IQF_TN]@N@U^QVSPYSX]NNXDEJ^X_G\XGIAOA.AJW]RVQIF_TJ_\N<
NI]CR^UDO	nIOJ]\GJOAK[C\C=]ERNE, _RV]GIQOANKS\_X]@@
CQNY\BY@@N 3_]Y]\SVQGJ^I]\NP[VQXAR^EDOYIV\TJ]@N@U]QVSV^WXO@@nXWA\@UAYK[C\CNLQ3QIZCDXVVO

< _SX_W[@@HDC[,CJ^O

< ^SX_WZANQQ	CDXHX	[YPRL\_NP2
BIBDXUVO	AYTUNEROXZJCQG_RVNCASSAUNEROXZJCQG
%	UCRVO[NKPYW]AN4XVRUH]@\Y[[3PTJW]RJ@GACXUI2AYYUCA
=L_NXKCCYQXWFT\EISSO[LUY^[SJ_QW%		F[YRSI]_NPJW]WO_QPWXWRXXGISSAUNEROXVJCC[_V]NM[WWSI\CN]@Z2QQCXJOJ^[GHPOA.
]Y_\RK@_IT2JAYRI\@]@\WY^3SOGQQJQ3	QAC]C\CNLPOVTLED^CXJNMKRRPL\_NP2
BIBDXUVO	AYRLX_N@[OV@N@ESCVDF	E[YAWJZK\A@B	KQII@BPTJO\N<NKP^E	NXHDCZ_V/UCRQSI]@@SS3XIEXTI\N^@IRP<HYDNKLP%
TAVRUJ]B@NAYN\D[CR^EQIY K@^TVO

< ]SX_WYANIE]SVO PAY[XGZER^KJAIQ@\RN]@N@U]QVSVZSX]NNX_,	OJ^\[[
AC^D\@QB=QQ ADXUIAR	
 <	B@TWX^NXAD[ @+YQLOJN 3\]Y]\PVQAQN^]IUF\\[[QVCSX_XANE, \RV]GIROA		@TR^ANQNJPN^B\\UUA^SXLS[_\RX_QPUXWRXXDKSSAUN1GNXHC_IXVRVM]A_@U&NKS\WY^@@R+
CNVFISPUNA[ARZjVQOVXT 7^NMHSSQUN@T TQ]\NXTVRUJ[B\@U,ER\\RK_QTF@\I@NJNINCPZWJANQNJVHY@\N[[	BNK@\SX]NNX_,	OJ]\[[
AC^D\AVB=QQ ADXTNAR	
 <	B@TWX^NXAD[G+Y\XWN	 &
PLVX]^NXI@P]J]\NACUJXANLP%
TBVRUJ]A@N[VBT]@T_@@QA[	CDJHX KAYAK\K\A@B	KQIICLXTXAR<	QV@RBOVPMCC_Q
2NMHQSSIX_NP2
@IBDXWAR^[GHP<RL_QV
@S=
QNYTJ_\N		AYUL_F\ARB	XIA[CEXHX
	<		BNKS^VDO IBA[HX JAYAM_@ZARLE AQQGG[RJ]R@NHNINEQ]WXO@@nXWB\@UAYK[C]BNLQ3QIZCDYWVO

< _SX_W[@@HDCZ,E]VXWN	 &
PLVX]^NXIB\TNX@\@U	NI^ATXWDO	nKOJ]\GHOA SX_ UDOXIV\WJY@\N[[	ANK@ZW\]\@VQ
]YF@OD_\CISAO[=TOVPJ_QUQNZSJ\C@N<QV@P^V[ANE, ^RV]GIPO[^D\AV1RJW@R+
BNVFISQO[	SX] VX]@@
CQN_]L]\N	 &
SLVX]]NXTVRUOARPACNBZAR^KJAIQE^TJ]R@NHNIN@T^WJAN4C F@\@@NAYQN\CX]@
G2XIBYCD\HX
	<		@NKS^TANPMCC_nB@J^O

< ^SX_WZANQQBDXTVO AYTJ^C@SS3ZIEXTKAR 	AYHX_N@[OV@KGG[QXJ	^UCARWM\CN]@T]@@QB_CDJHX([VB\]@QER_[RJG_IU;	RV]EISSWUN
A8IQIZCGHX_G\\C&RTACQ	V7AQQ CDZHXNMMWRSI@QGERT^UJ_QW%		F[YRSI]_NPJW]UVQ
][F@OAU^GIAOAPLEYT^RJQ_IGKOJN]NKSSAUN1GNXKC_IXVRVM]@X@U&NKS\WXY@@R+
CNVFISPUNA[ARZjV^OVXT 7^NMHSSQUN@T^]]\NXTVR\L\@@N 3_]Y]\SVQGJ^K[\NP[VQ]FT^EDOYIVYSL]@N@U]QVSSYWXO@@nXWA\@UAYK[C\ENLQ3QIZCDXPVO

< _SX_W[@@HDC[,EYF@R	
 <	C@TWX_@@IBMQTJAR AYLXE\]@S=
 QNYTJ\\N AC]B@SY^NXXJE[QXJ	^UCAZUI\Q@SY\NXXJE[QXJ3AYH\_NLU_]\VVQ^+ XWA^\GIWOA
	1A_@@BC[XJVM]@X3FIAY[	
j	PXIB[AXJRV]AOSSO[LSP[\NXT 7]NMHSSRUN	]Y]@@T@VRFB]@\N[[	ANK@VWXO@@TBVRFB]@\N[[ 
3LVXANQIYCD\HX	(AYH^C\AVB	,AGJ^K]@_[[QTSIX,]B@TNE
,HZF@\@\^[[[VA[@R^EQI]JDDF	&]QV@R^KJ	QQ @XJ	_UCARQA\CN]@T^@@QBY	CDJHX HAYAH^K\A@B=IEXHXNVENSSWUN1\JW]PJCC_Q3	PAC]C\BBU_]\V%BAIV3 Q[VB\APBNXH@G[_VNVAITSO[	
j	SXIB[BXJ NMHQOAQLEY\^RJQ_IGHOJN]FKSSAUNERO]SHCCIQ2[YRSUNSX\WXY@@nJ^K_@\\CUA	.E[OVSJC@QF_TJY/]UN[YA
	1A^@@BC[_V
OJ]YGLTSSI@QGER^_SI@CG/RAYH\C]]@PNXKJJG^RVNBAS[SIN_N@ZOV@OKCSCVDF	F[YAVA\K\A@B=IEXHXNVENSSWUN1\JW]PJCC_Q3	PAC]C\BBU_]\V%BJSIJ(KNI]AR\E@@BGS BCXTVO AYPKT@YANLP%
TBVRUJ]A@N[VBUINLC	QXIQ^DBXTXARQACNF[FT^EDOZIV]SM[@\N[[ 
3LVXANQIYCD\HX	(AYH^C\AVB	,AGJ^K]@_[[QTSIX,]HWLJ
4E
VXWA\\EUA	NI]ERWRX]@@
CQN[UCYI\@U,ER\\RK_QTF@\IY@U_QVSWXWX]NNXDFJ^XXFT\GIAOASLE][TRJCQG
%	UCRSO[NKPYW\AN4XVRUH]@\X[[3PTJW]RJ@GACXTN2AUXUCA
=L_NXKCCYQXWA_TAISSSUN][\ZWMC_IT2HAYRI\B@SCOVSCG_IGIOJNYAM[SS[@QPUJWNWLGK[QXJ	]UCAVUMTC\SNLV3IBDDF	RV^@ISWO[=QER\^RJCGG/PAYH\C_NLPX]X=KJDIV3 Q[VB\APBNXKGF]GDXHX	[YPQL_K\]@S=
 QNYTJ\\N AC]J[]@T_@@QF\GDXFVO QAY[YDXER^KJBIQA_PN]@N@U
&@TWDOXIA\C@DF3AYRK\C\ENLP%
T@VRUJ]C@UKTSSM3BUG@TNE
,HZF@\@\^[[[VBXBQ^WXANIGZVN^@@N 3_]Y]\SVQGJ^KTF@NJNINDU_WXO@@TAVRFOZA^\G[OA 	@@TR_\^RJQ_IR;	NMHSOAQVCU^SDO,UQNYVJ]@X@U,ER\\RI_IDDXP%\I]NMA	.EZOVSJCAGF@\C][A@SSO[LTXZT[J_QW%		F[YRSI]_NPJW][K_QPWXWRYYBKSSAUNEROYWOAC[_V]NM[VVVK\CN]@Z2QQ CXJOJ^[GIWOA.
]Y_\RJG_IT2JAYRI\@]@\WXY3SCCQQJQ3	QAC]C\CNLPOVSHJF^CDDF
	UCPSVI^C@SS3ZIEXTKAR 	AYHUC@SY^NXXFFYCDJHX KAYALYA\ARLE BQQFAZTJ]R@N
<	SX_KJ@@AD[GXJ  3[YRQI\CX]@S=
QNYTJ^@NENSSW&]J_SX	,AFJ^K]@^@UAC]@ZC[ZWDOI@E[RL]\N	 &
SLVX]]NXTVRUC^\NP[VQYGSXWJANQNJQL\F\\UUA]SXL QY[\RX_Q^7NVFIOA
NI^FR^KJ	
,IEZTJ]D@N 3]]Y]\Q_QYCD\;KTBNV[3PUJW]RJA_ITJ^K^D\]@ISOA		@TVXZ[RVQW; 	]UCRSSH@Q YER\UPVQ
][F@OEYTCISAO[ \]JXYZNCCIQ	ANVULV[WI\Q@S\	7QIZ_V XWB[\GMOA3LVZ]\RN_QW%		D[YRSI_@SPYV^2][JQI/QAYH\C^]@MJW]PCFF[CXJNMJSVSK\_NP2
BIBDXUVO	AYR@\_N@[OV@OFA[CVDF	E[YAVL^C\A@B	KQIIFFXTJO\N<NKP^E	NXHDCZ_V/UCRQSI]E@SS3XIEXTI\N^@IRU<HUBNKLP%
TAVRUJ]B@NAYH_B[G[^KJQQCCP]JAR	
 <	@@TWX\@@]QNY]KARPACNFYDP^EDOYIV]QO_@\N[[	BNK@[ RZ]\@VQX+RV^GUA
[VA[ASXE%IBFXTK[\N	 &
QLVX]_VQA\BB7UC_RVU,ER\\RH_QIVRUIY@][GIOASX]W_Z\NXT 7]NMHSSRUN	]YT^NXDGJ^XXETXGIAOAPLE]XTVJCQG\RVNBL[WSIN_N[8XIA[QF@_G\]AUA,@TUX]]TVQW; 	_UCRSSJ_NCU^Q7\UQXIIT2KAYRI\A@SEER\_THJG[_VNVDHPUUI@Q	V7BQQ CDYHX	[YRZJ@QPTJWNWLBE[QXJ	^UCAVUHZC\SNLC	SXIQ^BBXTXAR<	QVCRBOVPMCB]Q
2NMHQSSHZ_NP2
@IBDXWAR^[GHV<WANISS3YIEXTHAR	[YPPJYC\]@ZNXIFAX_V3 R[VB\ASB	XIGSQ	CNVU@TUSIN_N@ZOV@CDE[QXJ	]UCAZTO\CN]@Z2QQCXJOJ^[GHVOA.
]Y_\RKF_IT2JAYRI\@]@\WYX3VCQI/QAYH\C^]@MJW_VBKC[QRV_AKVSO[	
j	SXIB[BXJ NMMZOAQLEY]\ZJCQG_RVNFIS[SIN_N@YOV@KCCSCVDF3AC^C@S
]ZZ\SO_QC7OJ]^GIRVO[	
j	QXIB[@	DFHZ@]Z(HZUACQ	V7AQQ CDZHXNMHWPPI\C\]@ZNXIAA_CXJ(HNI]AR_EQIZEXJ	_UCAVTH^C\SNLC	PXIQ^BFXTXARRACNF[@P^EDO,PJ^H]\N[YQTI]E@SZ7@@BA[BBDF	&_QV@R^DO^UJBE4 JCJ^O

< ^SX_WZANQQ GA^]N]@@N[V@^DQVKJ
4E
UXWA\\FUA	NKSWKJ@IQA_PN]@N@U^QVSWYSX]NNXDEJ^XXGXXGIAOA.AJW^RVQIF_TK[\N<
NI]CR^QDO	nIOJ]\GJOAK[C]D=ZERNE, _RV]GIQOANKPYQX]@@
CQN[UHZ@@N 3_]Y]\SVQGJ^NY\NP[VQTEZ^EDOYIVPPB]@N@U]QVSZZWXO@@nXWB\@UAYK[C]DNLQ3QIZCDYQVO

< _SX_W[@@HDCZ,@]F@R	
 <	C@TWX_@@IAMXVJ]\NAC_A^ERB	,AEJ^K]@]@UNIXDNLC	QXIQS	CDXFVO QAY[TK\ARLE BQQKLXTJO\N<NKP^E	NXHDCZ_V/UCRQSI]F@SS3XIEXTI\N^@IRV<MZQV
@S=
QNYTJ_\N		AYPIXA\ANLE@@@@YCXJ(HNI]AR_EQI__V_NM[ZRQI\Q@SY_NXXJBYCVDF	F[YAZH^C\SNLV3IADDF	RV^@IRVO[=QER\^RJBFG/PAYH\C_NLPX\Y=NDQQJQ3	QAC]C\CNLPOVQKKE[_VNVDMQQSUN
A8KQIZCEDF	 UCWTO[ ]]JTXVJCQG_RVNNMWSS[@QPVJWN[NGC[_V/AYQI@Q@TPX\YNXA,F@\B\\FLOA
=L^NXKCCXL_VZSJ\E3XG[YA
	1A^@@BC[_V
OJ^^AJSSO[LU_YURVQW; 	]UCRSSH@Q YERY\NXDGJ^XZB\\G[OA 	C@TPZ]\RX_QPUXWR[^GISAO[=TOVPJ_QUQNZSJ\E@N<QV@P^V]ANE, ^RV]GIPO[^D\@W1VJW@R+
BNVFISQO[	SX\_Z]\NXTVRVBYB\@U,ER\\RK_QTF@YA@NJNINFW\WJANQNJSO_@\N[[	BNK@Y UX]NNX_,	OJ^\[[
AC^D\@WB=QQ ADXUOAR	
 <	B@TWX^NXAD[ F+\VXWN	 &
PLVX]^NXIF]TL]@@N[VAUBT^E
,HYF@\@\][[ QVEPB	IQIIK@XTXARQACNDTER^KJBIQCPPJ]R@N
<	SX\KJ@@AD[ FXJ  3[YRQI\BY]@S=
QNYTJ^@NENSRV&X@NKLP%
TAVRUJ]B@NAYKZ@XARB	XI@[BDDF	&]QV@R^KJ	QQ@XJ	_UCA[RO\CN]@T^@@QKZCDJHX HAYAA]E\A@B=IFXHXNVENSRVUN1\JW]PJCB^Q3	PAC]C\BBU_]\P%DJIV3 Q[VB\APBNXKCFX	CDDF
	UCTQQJ\_NP2
BIBDXUVO	AYT@@QPTJWNSCEK[QXJ	^UCARZOTC\SNLC	SXIQZELXTXAR<	QV@RBOVPMCCYQ
2NMHQSSI^_NP2
@IBDXWAR^[GIQ<TANISS3YIEXTHAR	[YRSK]F\ANLE@@DCSCXJ(HNI]AR_EQI\	_V_NM[RZPO\CN]@T^@@QBREDXFVO RAY[]J_GR^KJ,
EVRUJARUCQTSI^_NE8	NXKAC[AXJ(JNI]AR]HKJ_[RJA,\ QNF	&^QV@R^KJXIKZCDXHX	[YURLUC@SS3ZIEXTKAR 	AYN]_N@[OV@KDBYCVDF	E[YARN]A\A@B	KQII DEZTJO\N<NKS^E	NXHDC[_V/UCRQSI\A@SS3XIEXTI\N^@ISQ<N\QV
@S=
QNYTJ_\N		AYTA[C\ANLE@@ECX CXJ(HNI]AR_EQI\_V_NM[RU[I\CN]@T^@@QB]	CDXFVO RAY[]ETAR^KJ,
EVRUJARUCQTSI^_NE8	NXKAC[AXJ(JNI]AR]HKJ_[RJA,\QNF	&^QV@R^KJXIK\CDXHX	[YUWHTC@SS3ZIEXTKAR 	AYN__N@[OV@KDD]CVDF	E[YARN[E\A@B	KQII DC^TJO\N<NKS^E	NXHDC[_V/UCRQSI\A@SS3XIEXTI\N^@ISQ<N^QV
@S=
QNYTJ_\N		AY[M]D\ANLE@@EAS	CXJ(HNI]AR_EQI\_V_NM[RTWM\CN]@T^@@QB\GDXFVO RAY[]DXER^KJ,
EVRUJARUCQTSI^_NE8	NXKAC[AXJ(JNI]AR]HKJ_[RJA,\QNF	&^QV@R^KJXIJY	EDXHX	[YUUA]C@SS3ZIEXTKAR 	AYNY_N@[OV@KKG[CVDF	E[YARAXC\A@B	KQII K@XTJO\N<NKS^E	NXHDC[_V/UCRQSI\A@SS3XIEXTI\N^@ISQ<NXQV
@S=
QNYTJ_\N		AY[@UC\ANLE@@EF_CXJ(HNI]AR_EQI\_V_NM[R[SA\CN]@T^@@QBSKDXFVO RAY[]K\IR^KJ,
EVRUJARUCQTSI^_NE8	NXKAC[AXJ(JNI]AR]HKJ_[RJA,\QNF	&^QV@R^KJXIJSJDXHX	[YUZL\C@SS3ZIEXTKAR 	AYN[_N@[OV@KJC_CVDF	E[YAR@\G\A@B	KQII JD\TJO\N<NKS^E	NXHDC[_V/UCRQSI\A@SS3XIEXTI\N^@ISQ<NZQV
@S=
QNYTJ_\N		AYZLTJ\ANLE@@EKZCXJ(HNI]AR_EQI\_V_NM[R[TK\CN]@T^@@QBSADXFVO RAY[]K[CR^KJ,
EVRUJARUCQTSI^_NE8	NXKAC[AXJ(JNI]AR]HKJ_[RJK,^QNF	&^QV@R^KJXIFY	@DXHX	[YWTIZC@SS3ZIEXTKAR 	AYLU_N@[OV@K@ASCVDF	E[YARJ^K\A@B	KQII @FPTJO\N<NKP^E	NXHDC[	_V/UCRQSI\K@SS3XIEXTI\N^@IS[<LTQV
@S=
QNYTJ_\N		AYVITB\ANLE@@GFRCXJ(HNI]AR_EQI^	_V_NM[RQZO\CN]@T^@@QBYEDXFVO RAY[]AUGR^KJ,
EVRVJARUCQTSIT_NE8	NXKAC[KXJ(JNI]AR]HKJ_[RJJ,ZKVRX
	<		ANKS^UDO	
QI\BCQTJAR AYK^CTGRB	,AEJ^K]@]@UNI]DZB	IQIIGM^TJO\NQ[VQXE[XWJAN QNJPNTF\\UUA ,]Z]@@QQDDX]VO&
AC]A\ARWE
,H[F@\@\_
UAQTI\J3@WW]O	nHOJ]\GKOAQVFQXPX]@@
CQNZVI_G\@U,ER\\RK_QTF@\EU@U_QVSV[_X]NNXDFJ^XYE^TGIAOASLE\X^ZJCQG
%	UCQSO[NKPYWQAN4XVRUH]@\U[[3PTJW]RJ@GACXTC2AY\UCA
=L_NXKCCYQXWF]XNNSSO[LUX_\TJ_QW%		F[YRSI]_NPJW]WJ_QPWXWRX^CISSAUNEROXPNCC[_V]NM[WQWI\CN]@Z2QQCXJOJ^[GIZOA.
]Y_\RJJ_IT2JAYRI\@]@\WXT3SOBQQJQ3	QAC]C\CNLPOVTHDEZCXJNMKSWPO\_NP2
BIBDXUVO	AYRL]_N@[OV@NADYCVDF	E[YAWK[A\A@B	KQIIACZTJO\N<NKP^E	NXHDC[_V/UCRQSI\J@SS3XIEXTI\N^@ISZ<HYANKLP%
TAVRUJ]B@NAYOXCXDR^EQIYEBPTVO

< ]SX_WYANIE]VVO PAY[X@\ER^KJAIQ@[TN]@N@U]QVSV]SX]NNX_,	OJ^\[[
AC^D\A[B=QQ ADXTCAR	
 <	B@TWX^NXAD[J+YQIOJN 3\]Y]\PVQAQN^QIX@\\[[QVCRWVXANE, \RV]GIROA		@TR[ANQNJPI^F\\UUA^SXLT[[\RX_QPUXWRX_DOSSAUN1GNXHC_IXVRVM]@U@U&NKS\WXT@@R+
CNVFISPUNA[ARWjV]YNXQW; 	^UCRSSK@Q		LQ^[[WJC_IAXWB]]DLSOA
	1A]@@BC[ _VNVFLWOAQLE\^ZZJCQG_RVNCJU[SIN_N@YOV@N@ESCVDF3AC^C@S
]ZZ\RC_QC7OJ]^GISZO[	
j	QXIB[@	DFHZ@\U(HVVACQ	V7AQQ CDZHXNMO[SQI\C@SBOVPK@DZ_V3 R[VB\ASB	XIB^_V_NM[WWSI\CN]@T^@@QG_CDXFVO RAY[XG\AR^KJ,
EVRVJARUCQTSIU_NE8	NXKAC[JXJ(JNI]AR]HKJ_[RJJ,ZEVRX
	<		ANKS^UDO	
QI]@L^TJAR AYK]E\IRB	,AEJ^K]@]@UNI]DTB	IQIIGGZTJO\NQ[VQXEQ\WJAN QNJPN^B\\UUA ,]Z]@@QQDDX]VO&
AC]A\ARWE
,H[F@\@\_
UAQTI\J3@WY]O	nHOJ]\GKOAQVFRYUX]@@
CQNZUBYF\@U,ER\\RK_QTF@\E[@U_QVSVZSX]NNXDFJ^XYDZXGIAOASLE\YZVJCQG
%	UCQSO[NKPYWQAN4XVRUH]@\U[[3PTJW]RJ@GACXTB2EYNMA	.EZOVSJCAGF@YE\YGIOASXZQX]@@R+
ANVFISRO[ LR]ANQNJUH]@\\UUA^SXLUX]\RX_QPUXWR]^GISSAUN1GNXHC_IXVRVM]@T@U&NKS\WXU@@R+
CNVFISPUNA[ARVjR\OVXT 7^NMHSSQUN@TTZ^\RVQFJ^N\E]\[[3PVJW]RJB_I]XWEX@U_QVSS__X]NNXDFJ^X\AZTGIAOASLEY\ZZJCQG
%	UCQSO[NKPYWPAN4XVRUH]@\T[[3PTJW]RJ@GACXVO2FYNMA	.EZOVSJCAGF@[F\TGIOASX[VY]@@R+
ANVFISRO[ LQ]ANQNJUO_@\\UUA^SXLRZ]\RX_QPUXWR]YEISSAUN1GNXHC_IXVRVM]BY@U&NKS\WZX@@R+
CNVFISPUNA[AP[jQ\OVXT 7^NMHSSQUN@TT_^\RVQFJ^O_I]\[[3PVJW]RJB_I]XWFX@U_QVSSZ_X]NNXDFJ^X\DTTGIAOASLEYYTZJCQG
%	UCQSO[NKPYU]AN4XVRUH]@^Y[[3PTJW]RJ@GACXVO2F[NMA	.EZOVSJCAGF@Z@UZGIOASX[R^]@@R+
ANVFISRO[ LQ_ANQNJUOUD\\UUA^SXLRPY\RX_QPUXWR]YOMSSAUN1GNXHC_IXVRVM]BY@U&NKS\WZX@@R+
CNVFISPUNA[AP[jQ^OVXT 7^NMHSSQUN@T_\T\RVQFJ^OXC_\[[3PVJW]RJB_I]XWFZ@U_QVSS[ UX]NNXDFJ^X\EY^GIAOASLEYXYPJCQG
%	UCQSO[NKPYU]AN4XVRUH]@^Y[[3PTJW]RJ@GACXVO2F]NMA	.EZOVSJCAGF@XG\^GIOASXZT_]@@R+
ANVFISRO[ LQYANQNJUITB\\UUA^SXLTQ_\RX_QPUXWR]_NKSSAUN1GNXHC_IXVRVM]BY@U&NKS\WZX@@R+
CNVFISPUNA[AP[jQXOVXT 7^NMHSSQUN@T SQ]\RVQFJ^NUB]\[[3PVJW]RJB_I]XWF\@U_QVSS]WX]NNXDFJ^X\CZ\GIAOASLEY^ZRJCQG
%	UCQSO[NKPYU]AN4XVRUH]@^Y[[3PTJW]RJ@GACXVO2F_NMA	.EZOVSJCAGF@[AXXGIOASX[PZ]@@R+
ANVFISRO[ LQ[ANQNJUNXF\\UUA^SXLS][\RX_QPUXWR]XBOSSAUN1GNXHC_IXVRVM]BY@U&NKS\WZX@@R+
CNVFISPUNA[AP[jQZOVXT 7^NMHSSQUN@T ^Z]\RVQFJ^O]EX\[[3PVJW]RJB_I]XWF^@U_QVSSZSX]NNXDFJ^X\D^XGIAOASLEYY^VJCQG
%	UCQSO[NKPYU]AN4XVRUH]@^Y[[3PTJW]RJ@GACXVO2FUNMA	.EZOVSJCAGF@ZF\ZGIOASX[W]]@@R+
ANVFISRO[ LQQANQNJULYH\\UUA^SXLQ\U\RX_QPUXWR]ZCASSAUN1GNXHC_IXVRVM]BY@U&NKS\WZX@@R+
CNVFISPUNA[AP[jQPOVXT 7^NMHSSQUN@TT\U\RVQFJ^OZH\\[[3PVJW]RJB_I]XWFT@U_QVSSXQX]NNXDFJ^X\F]ZGIAOASLEY[]TJCQG
%	UCQSO[NKPYU]AN4XVRUH]@^Y[[3PTJW]RJ@GACXTK2ETNMA	.EZOVSJCAGF@X@T]GIOASXZ ^[]@@R+
ANVFISRO[ LRPANQNJUHTF\\UUA^SXLUQ[\RX_QPUXWR]^NOSSAUN1GNXKC_IXVRVM]@]@U&NKS\WX\@@R+
CNVFISPUNA[AR_jRQOVXT 7^NMHSSQUN@T UP^\RVQFJ^NZ@Z\[[3PVJW]RJB_I]XWEU@U_QVSS]_X]NNXDFJ^X\C^TGIAOASLEY^^ZJCQG
%	UCRSO[NKPYWYAN4XVRUH]@\][[3PTJW]RJ@GACXTK2E^NMA	.EZOVSJCAGF@^I[XGIOASX]T_]@@R+
ANVFISRO[ LRZANQNJUK]D\\UUA^SXLVXY\RX_QPUXWR]]GMSSAUN1GNXKC_IXVRVM]@]@U&NKS\WX\@@R+
CNVFISPUNA[AR_jR[OVXT 7^NMHSSQUN@TV\[\RVQFJ^N]D_\[[3PVJW]RJB_I]XWE_@U_QVSS_QX]NNXDFJ^X\A_ZGIAOASLEY\_TJCQG
%	UCRSO[NKPYWYAN4XVRUH]@\][[3PTJW]RJ@GACXTK2E\NMA	.EZOVSJCAGF@^FXYGIOASX]UP]@@R+
ANVFISRO[ LRXANQNJUJY@\\UUA^SXLW\]\RX_QPUXWR]\CISSAUN1GNXKC_IXVRVM]@]@U&NKS\WX\@@R+
CNVFISPUNA[AR_jRYOVXT 7^NMHSSQUN@T_XZ\RVQFJ^IUC^\[[3PVJW]RJB_I]XWE]@U_QVSS^UX]NNXDFJ^X\@[^GIAOASLEY][PJCQG
%	UCRSO[NKPYWYAN4XVRUH]@\][[3PTJW]RJ@GACXTK2EZNMA	.EZOVSJCAGF@YFU^GIOASXZPX]@@R+
ANVFISRO[ LR^ANQNJUH^B\\UUA^SXLU[_\RX_QPUXWR]^DKSSAUN1GNXKC_IXVRVM]@]@U&NKS\WX\@@R+
CNVFISPUNA[AR_jR_OVXT 7^NMHSSQUN@T_PY\RVQFJ^NYH]\[[3PVJW]RJB_I]XWE[@U_QVSS\SX]NNXDFJ^X\BZXGIAOASLEY_ZVJCQG
%	UCRSO[NKPYWYAN4XVRUH]@\][[3PTJW]RJ@GACXTK2EXNMA	.EZOVSJCAGF@YC^_GIOASXZRY]@@R+
ANVFISRO[ LR\ANQNJUK[H\\UUA^SXLV^U\RX_QPUXWR]]AASSAUN1GNXKC_IXVRVM]@]@U&NKS\WX\@@R+
CNVFISPUNA[AR_jR]OVXT 7^NMHSSQUN@TRXX\RVQFJ^N_F\\[[3PVJW]RJB_I]XWEY@U_QVSS\WX]NNXDFJ^X\B\\GIAOASLEY_\RJCQG
%	UCRSO[NKPYWYAN4XVRUH]@\][[3PTJW]RJ@GACXTI2BNV[3PUJW]RJA_ITJ^I]@@N[VF\ANLP%
TBVRUJ]A@N[VA@SY^NXXKC[_V^NM[[SS[@QPVJWNZJCQG
%	UCRSO[NKPYW[AN4XVRUH]@\_[[3PTJW]RJ@GACXTI2CNV[3PUJW]RJA_ITJ^C]@@N[VB\@RB	,AEJ^K]@]@UNI_]@T_@@QB]CVDF	E[YARO\CN]@T]@@QB]CVDF3AC]C@S
]ZZ\RI_QC7OJ]^GISPO[	
j	QXIB[@	DFHZ@^Y(AZAYN
A8HQIZCFDF NVFMRZRI\_NPJWTTLGCG/RAYH\C]]@PNXBJ_IGIOJN^EA[SS[@QPUJWNPHKK[QXJ	]UCAQQATC\SNLV3IADDF	RV^@IQVO[=QER\^RJAFG/PAYH\C_NLPX]_=KQI/QAYH\C^]@MJW\NXTVRTVO

< ]SX_WYANIEDF	D[YAS[@QPUJWNRX_QPUXWR\N[[ 
3LVXANQIYCD[HX	(AYH^C\AQB	,AGJ^K]@_[[QTSI_,ZSX	,AFJ^K]@^@UACYE\ANLE@@AE[_V3 R[VB\ASB	XIEG^RVNCISSAUNEROXRJCQG\RVNCISSAUN1GNXKC_IXVRVM]@_@U&NKS\WX^@@R+
CNVFISPUNA[AR]jPJW@R+
BNVFISQO[	SXVWXANIGYQJAR	
 <	@@TWX\@@]QN_HX JAYAMTC\SNLC	PXIQ_	CDJHX HAYAMTC\SNLV3IBDDF	RV^@ISPO[=QER\^RJC@G/PAYH\C_NLPX]_=NQI/QAYH\C^]@MJW][JC_IAXWAY_GUA	.EYOVSJCBGOJX@U_QVSPZWJANQNJVN]@N@U]QVSPZWJAN4C F@\@@NAYQN\C_]@
G2XIBYCD[HX
	<		@NKS^TANPMCCXnFVRX
	<		ANKS^UDO	
QIXCDDF
	UCQSUI@Q	V7BQQ CDYHX	[YVO[ ]]J^^RJQ_IGHOJN_EISAO[ _]J^^RJQ_IR;	NMHSOAQVCU^TDO,UQNYVJ]@_@U,ER\\RI_IDDZQ%UCNV[3PUJW]RJA_ITJ^K\I\_GIOASXY_]]@@R+
ANVFISRO[ L_[ANQNJVJTF\\UUA^SXLWQ[\RX_QPUXWR^\NOSSAUN1GNXHC_IXVRVM]BY@U&NKS\WZX@@R+
CNVFISPUNA[AP[j_ZOVXT 7^NMHSSQUN@TV]X\RJ_Q^F@ZFX_GUA	.EYOVSJCBGOJT^[[	@NK@\Q\]\@VQ
]ZF@OB\ZCISAO[ _]J_\TNCCIQ2[YQSUNSX\WZX@@nJ^K_@\^BUA	.E[OVSJC@QF_TJ^/TNMA	.EZOVSJCAGF@\@Z\GUA	NKQYWDO	nKOJ]\GHOA SXVE @QQFBXTXARQACNFZARLE BQQFBXTXAR<	QV@RBOVPMCCXQ
2NMHQSSI__NP2
@IBDXWAR^[GIP<Z[VNP2
AIBDXVVOUCRPVI\_NPJWXPBC_IT2HAYRI\B@SCOV[VQ
][F@OFX\G[OA 	C@TQ\]\@VQ
]YF@OFX\G[OA 3PER\\NXIACXTIAR	<
[VB^AR^KJ
4E
WXWA\\DOAQN\AY.ZY]O	nHOJ]\GKOAQV@Q]RX]@@
CQNPWL[@@N 3_]Y]\SVQGJ^BZ\NP[VQ^CPZWJANQNJVH_D\\UUA]SXLUZY\RX_Q^7NVEIOA
NI^FR\ KJ	
,IEZTJ_E@N 3]]Y]\Q_QYCF];B[RVU,ER\\RH_QIVRUI]A\\GUA	NKZ\^XANE, \RV]GIROA		@TQDOXIVZUC_@\N[[	ANK@\^Z]\@VQ
]YF@OB]UEISAO[=TOVPJ_QUQNZSJ_E@N<QV@P^U]ANE, ^RV]GIPO[^D\CW1RJW@R+
BNVFISQO[	SX_Q[^\RVQFJ^B]G_\[[3PVJW]RJB_I]XWHY@U_QVSP_WX]NNXDFJ^X_AZ\GIAOASLEZ\ZRJCQG
%	UCQSO[NKPYU]AN4XVRUH]@^Y[[3PTJW]RJ@GACXVO2HXNMA	.EZOVSJCAGF@\B^ZCISOA		@T^ZU\NXT 7]NMHSSRUN	]PY@@T@VRFH\BT\G[OA 	C@TUY_TRJQ_IGKOJN^FK[SS[@Q j		@@ACGJ^HZ@^Y[[	3SX_WX_YNXT 7_NMHSSP@Q^FR^8\OVXT 7^NMHSSQUN@T^X]@@
CQNYQI]\N	 &
SLVX]]NXTVRPVO PAY[^G\A@B	HQIIGDXFVO RAY[^G\A@B=IEXHXNVENSSRUN1\JW]PJCCZQ3	PAC]C\BBU_]\S%FQQJQ3	QAC]C\CNLPOVQNCCGOJ^\AIOA
=L\NXKCCZQRVY[[	@NK@]WXO@@TAVRFI_@\N[[	BNK@]WXO@@nXWA\@UAYK[C\@NLQ3QIZCDXUVO

< _SX_W[@@HDC[ ,BJ^O

< ^SX_WZANQQEDXHX	[YQUI\_NP2
BIBDXUVO	AYUUNEROXRJCQG_RVNCISSAUNEROXRJCQG
%	UCRSO[NKPYWYAN4XVRUH]@\][[3PTJW]RJ@GACXTK2GNV[3PUJW]RJA_ITJ^B]@\@U	NI_@W^E
,HYF@\@\][[ QVFNLC	QXIQ_	CDJHX KAYAMTC\SNLC	SXIQ_	CDJHX([VB\]@QER_[RJB_IU;	RV]EISSRUN
A8IQIZCGHX_G\\F&RAYN
A8HQIZCFDF NVGUA	NKRB	,AEJ^K]@]@UNI]]@T_@@QCIQ	BNVUIAOASLEXO@@nXWA\@UAYK[C\@NLQ3QIZCDXUVO

< _SX_W[@@HDC[ ,FJ^O

< ^SX_WZANQQCDDF
	UCVSSUN
A8KQIZCEDF	 UCQOAQLEP]\@VQ
]ZF@OH\\UUA]SXLWXO@@nXWA\@UAYK[C\@NLQ3QIZCDXUVO

< _SX_W[@@HDC[ ,GJ^O

< ^SX_WZANQQCDDF
	UCRSRI@Q	V7BQQ CDYHX	[YPO[ ]]J\ZRJQ_IGHOJN]AISAO[ _]J\ZRJQ_IR;	NMHSOAQVCU^VDO,UQNYVJ]@]@U,ER\\RI_IDDXU%URVU,ER\\RH_QIVRUJ[@\@U	NI_FS^E
,HYF@\@\][[ QVINLC	QXIQ^CDJHX KAYALZC\SNLC	SXIQ^CDJHX([VB\]@QER_[RJB_IU;	RV]EISSRUN
A8IQIZCGHX_G\\F&ZAYN
A8HQIZCFDF NVFJVSSUN]\_TRVQW; 	]UCRSSH@Q YERT@@T@VRFLY@\N[[	ANK@XWXO@@TBVRFLY@\N[[ 
3LVXANQIYCDYHX	(AYH^C\ASB	,AGJ^K]@_[[QTSKZ,[I@TNE
,HZF@\@\^[[[VB\CS[WDOIDDPRJAR	
 <	@@TWX\@@]QN_\VO PAY[]J_GR^KJAIQEQWL]@N@U]QVSSWQX]NNX_,	OJ^\[[
AC^D\CTB=QQ ADXVLAR	
 <	B@TWX^NXAD[ @+\VXWN	 &
PLVX]^NXIF]TL]@@N[VAUBT^E
,HYF@\@\][[ QVEPB	IQIIK@XTXARQACNDTER^KJBIQCPPJ]R@N
<	SX\KJ@@AD[ @XJ  3[YRQI\B_]@S=
QNYTJ^@NENSRP&X@NKLP%
TAVRUJ]B@NAYKZ@XARB	XI@[BDDF	&]QV@R^KJ	QQ@XJ	_UCA[RO\CN]@T^@@QKZCDJHX HAYAA]E\A@B=IFXHXNVENSRPUN1\JW]PJCBXQ3	PAC]C\BBU_]]Q%GCIV3 Q[VB\APBNXHAEXCXJNMKTWZI@Q	V7BQQ CDYHX	[YWSUNERO[PJCCIQ	BNVUNQSSIN_N@YOV@MAC[QXJ3AYK\_NLU_]]QVQ^+ XWA^\GHPOA
	1A_@@BC[XJVM]A_3CHAY[	
j	PXIB[AXJRV^DAQSSUN]ZUXPJ_QW%		F[YRSI]_NPJWXSVQ
][F@OGY^GIAOAPLE_X^RJQ_IGKOJN[BKSSAUN1GNXHC_IXVRVM]A_@U&NKS\WY^@@R+
CNVFISPUNA[AS]jS^OVXT 7^NMHSSQUN@TW\_\RVQFJ^I^B^\[[3PVJW]RJB_I]XWDZ@U_QVS[_WXO@@TAVRFC\B\\UUA]SXLVZ]\@VQX+RV^GUA
[VA[AS]E%IBFXTK^\N	 &
QLVX]_VQA\BG7PMOJN 3\]Y]\PVQAQN[UB[@\@U	NI_EP\KJ
4E
UXWA\\FUA	NKVYE @QQJ@\TJO\NQ[VQUEV^EDOZIVQPN]@N@U
&@TWDOXIA\BGDF3AYRK\C]BNLP%
T@VRUJ]C@UKTSRJ3GXSX	,AFJ^K]@^@UAC^DZGR^EQIX ACXHX
	<		BNKS^VDO IG@DF	D[YA[MTC\SNLC	PXIQSKDXFVO RAY[TGTARLE%TQNZTVONMKTSRJ@QjOVSHCCZ_V3 P[VB\AQEZZ\SI,G^IJ(KNI]AR\E@@AJ[CDDF
	UCPQQM\_NP2
BIBDXUVO	AYWL@QPTJWNZBCC[_V^NM[[[SI\Q@SY\NXXKK[CVDF3AC^C@S
]ZZ\SI_QC7OJ]^GIRPO[	
j	QXIB[@	DFHZ@\^(HZTACQ	V7AQQ CDZHXNMHWVU@XC\]@ZNXIAFX	CXJ(HNI]AR_EQIZDXJ	_UCAVTMXC\SNLC	PXIQ^G@XTXARRACNF[EV^EDO,PJ^K]\N[YQTI\A@SZ7@@BA[CFDF	&_QV@R^DO^UJB@4KVRX
	<		ANKS^UDO	
QIX@AXTVO AYPL^@\]@S=
 QNYTJ\\N ACXK@SY^NXXJD]CVDF	E[YAZNZC\SNLC	SXIQREDXFVO&NI^ANL\JW^UJB@G%NVFKSSRJ@Q	V7@QQ CD[VOB[\FJ<WZ[VNP2
AIBDXVVOUCPW[A\C@SBOVQLAF[Q3	RAC]C\@NLY @@GJG^RVNFIS[SIN_N@ZOV@KCCSCVDF	F[YARI\K\A@B=IFXHXNVENSRPUN1\JW]PJCBXQ3	PAC]C\BBU_]\P%BJ]IJ(KNI]AR\E@@BGXCDXTVO AYPK^G_ANLP%
TBVRUJ]A@N[VBUGNLC	QXIQ^BFXTXARQACNF[@P^EDOZIV]SK_@\N[[ 
3LVXANQIYCDZHX	(AYH^C\APB	,AGJ^K]@_[[QTSIT,ZE@TNE
,HZF@\@\^[[[VE_FQ^KJQQAMYTVO

< ]SX_WYANIB\HX JAYAHXKTARLE AQQB@P\J]R@NHNIN@VVWXO@@nXWB\@UAYK[C\INLQ3QIZCDX\VO

< _SX_W[@@HDC[	,B]F@R	
 <	C@TWX_@@IEBX\J]\NACYG]@RB	,AEJ^K]@]@UNIZDNLC	QXIQZADXTXARQACNBYCR^EDOZIVYQH]@\N[[ 
3LUXANQIYCDPHX	(AYH^C\AZB	,AGJ^K]@_[[QTSIT,ZG@TNE
,HZF@\@\^[[[VETE[^KJQQFG[TVO

< ]SX_WYANIB^HX JAYAHYF^ARLE AQQBA]VJ]R@NHNIN@W[WXO@@nXWB\@UAYK[C\INLQ3QIZCDX\VO

< _SX_W[@@HDC[	,B_F@R	
 <	C@TWX_@@IDDQRJ]\NACYEYGRB	,AEJ^K]@]@UNIZFNLC	QXIQZK@XTXARQACNBYIV^EDOZIVYQBY@\N[[ 
3LUXANQIYCDPHX	(AYH^C\AZB	,AGJ^K]@_[[QTSIT,ZA@TNE
,HZF@\@\^[[[VFXHR^KJQQKFYTVO

< ]SX_WYANIBXHX JAYAH_E\ARLE AQQBG^TJ]R@NHNIN@QXWXO@@nXWB\@UAYK[C\INLQ3QIZCDX\VO

< _SX_W[@@HDC[	,BYF@R	
 <	C@TWX_@@IFCXVJ]\NACXJ_FRB	,AEJ^K]@]@UNIZ@NLC	QXIQZJFXTXARQACNB_HP^EDOZIVYWC_@\N[[ 
3LUXANQIYCDPHX	(AYH^C\AZB	,AGJ^K]@_[[QTSIT,ZC@TNE
,HZF@\@\^[[[VFUCR^KJQQCA\TVO

< ]SX_WYANIBZHX JAYAHXAXARLE AQQB@ZPJ]R@NHNIN@V\WXO@@nXWB\@UAYK[C\INLQ3QIZCDX\VO

< _SX_W[@@HDC[	,B[F@R	
 <	C@TWX_@@IEE\PJ]\NACYB[CRB	,AEJ^K]@]@UNIZBNLC	QXIQZFBXTXARQACNBXDT^EDOZIVYPO[@\N[[ 
3LUXANQIYCDPHX	(AYH^C\AZB	,AGJ^K]@_[[QTSIT,ZI@TNE
,HZF@\@\^[[[VD_EZ^KJQQDLXTVO

< ]SX_WYANIBPHX JAYAHZBZARLE AQQBBYRJ]R@NHNIN@T_WXO@@nXWB\@UAYK[C\INLQ3QIZCDX\VO

< _SX_W[@@HDC[	,BQF@R	
 <	C@TWX_@@IDBXRJ]\NACYJ\DRB	,AEJ^K]@]@UNIZHNLC	QXIQZGLXTXARQACNBZEZ^EDOZIVYRNU@\N[[ 
3LUXANQIYCDPHX	(AYH^C\AZB	,AGJ^K]@_[[QTSIU,TSX	,AFJ^K]@^@UAC]CZARB	XI@\ CXJ(HNI]AR_EQISQ	CNVULUSS[@QPUJWNWLCCIQ	ANVULUSS[@Q j		@@ACGJ^HZ@\U[[	3SX_WX]UNXT 7_NMHSSP@Q^FR^8QOVXT 7^NMHSSQUN@TT]]\NXTVRPHU@@N 3_]Y]\SVQGJ^CARPACNEXARLE AQQE@XTXARRACNEXARLE%TQNZTVONMKTSS@@QjOVSHCC[_V3 P[VB\AQEZZ\RC,GIV3 Q[VB\APBNXKJC[QRV]BJSOA
	1A]@@BC[ _VNVCUA_SXLSX]NNXDFJ^X_D\\UUA]SXLSX]NNX_,	OJ^\[[
AC^D\A[B=QQ ADXTCAR	
 <	B@TWX^NXAD[J+]F@R	
 <	C@TWX_@@I@@XTVO AYQIZC@SS3ZIEXTKAR 	AYL@QPTJWNQHCCIQ	BNVUJQSS[@QPVJWNQHCCIQ2[YQSUNSX\WXT@@nJ^K_@\\NUA	.E[OVSJC@QF_TJT/ZNMA	.EZOVSJCAGF@XF\\[[QVCT^KJ
4E
UXWA\\FUA	NKTB	IQIICDXFVO QAY[XC\A@B	KQIICDXFVO&NI^ANL\JW^UJCJG%NVFKSSS@@Q	V7@QQ CD[VOB[\G@<TACQ	V7AQQ CDZHXNMASSSUN][\YRVQW; 	]UCRSSH@Q YERZ@@T@VRFNU@\N[[	ANK@ZWXO@@TBVRFNU@\N[[ 
3LUXANQIYCDQHX	(AYH^C\A[B	,AGJ^K]@_[[QTSI^,]H[LJ
4E
VXWA\\EUA	NI]DR[WX]@@
CQN[WK^C\@U,ER\\RK_QTF@\IU@U_QVSWV_X]NNXDFJ^XXH\TGIAOASLE]U\ZJCQG
%	UCRSO[NKPYWZAN4XVRUH]@\^[[3PTJW]RJ@GACXTC2BNV[3PUJW]RJA_ITJ^I]@@N[VF\ANLP%
TBVRUJ]A@N[VA@SY^NXXKC[_V^NM[[SS[@QPVJWNZJCQG
%	UCQSO[NKPYWQAN4XVRUH]@\U[[3PTJW]RJ@GACXTC2CNV[3PUJW]RJA_ITJ^C]@@N[VB\@RB	,AEJ^K]@]@UNI_]@T_@@QB]CVDF	E[YARO\CN]@T]@@QB]CVDF3AC^C@S
]ZZ\RC_QC7OJ]^GISZO[	
j	QXIB[@	DFHZ@]](HPVACQ	V7AQQ CDZHXNMMWTUN\C@SBOVSLJB]_V3 R[VB\ASB	XIBX_V_NM[PTUI\CN]@T^@@Q@\CDXFVO RAY[_DZAR^KJ,
EVRVJARUCQTSH]_NE8	NXKAC[ BXJ(JNI]AR]HKJ_[RKE,R	QNF	&^QV@R^KJXIBSAFXTVO AYRI\E[ANLP%
TBVRUJ]A@N[VJT]@T_@@QA^EDXFVO QAY[^F[GR^KJBIQF]SL]@N@U
&@TWDOXIA\BBDF3AYRK\C]GNLP%
T@VRUJ]C@UKTSSK3BUI@TNE
,HZF@\@\^[[[VBXIS_WXANIGZ\IX@@N 3_]Y]\SVQGJ^KTH@NJNINDUYWXO@@TAVRFOZGZ\G[OA 	@@TR_ZZRJQ_IR;	NMHSOAQVCU^UDO,UQNYVJ]@^@U,ER\\RI_IDDYV%\EZNMA	.EZOVSJCAGF@[I_TAISOA		@TV^]TRVQW; 	]UCRSSH@Q YER\YTVQ
][F@ODX_EISAO[ \]JYXQHCCIQ	ANVUMWPQI\Q@S\	7QIY_V XWB[\FKOA3LVZ]\SH_QW%		D[YRSI_@SPYWQ2Z[XIIT2KAYRI\A@SEERZZRLCCGOJYUGLSOA
	1A]@@BC[ _VNVA@OA 	B@TV^YTRJQ_IGHOJN]AM[SS[@QPVJWNSLGK[QXJ3AYK\_NLU_]\[VQ^+ XWA^\GIZOA
	1A_@@BC[XJVM]@U3AAAY[	
j	PXIB[AXJRV[DM[SSUN]]ZTRJ_QW%		F[YRSI]_NPJWZZVQ
][F@OAZ]AISAO[ \]J\ZSLCCIQ	ANVUHURUI\Q@S\	7QIY_V XWB[\G@OA3LVZ]\RC_QW%		D[YRSI_@SPYWQ2ZUXIIT2KAYRI\A@SEERZ\[LCCGOJYZBOSOA
	1A]@@BC[ _VNVANOA 	B@TV]UXRJQ_IGHOJN]BAWSS[@QPVJWNSOKG[QXJ3AYK\_NLU_]\[VQ^+ XWA^\GIZOA
	1A_@@BC[XJVM]@U3AOAY[	
j	PXIB[AXJRVZOMZSSUN]]X_QJ_QW%		F[YRSI]_NPJWZTVQ
][F@OAYYEISAO[ \]J\YWHCCIQ	ANVUHVVQI\Q@S\	7QIY_V XWB[\G@OA3LVZ]\RC_QW%		D[YRSI_@SPYWQ2ZWXIIT2KAYRI\A@SEER[ZRBCCGOJYXFHSOA
	1A]@@BC[ _VNVALOA 	B@TV]_\RJQ_IGHOJN]BKSSS[@QPVJWNSOAC[QXJ3AYK\_NLU_]\[VQ^+ XWA^\GIZOA
	1A_@@BC[XJVM]@U3AMAY[	
j	PXIB[AXJRVZDNPSSUN]]_USJ_QW%		F[YRSI]_NPJWZVVQ
][F@OAXTOISAO[ \]J\XZBCCIQ	ANVUHW[[I\Q@S\	7QIY_V XWB[\G@OA3LVZ]\RC_QW%		D[YRSI_@SPYWQ2ZQXIIT2KAYRI\A@SEER[]VNCCGOJY]@KSOA
	1A]@@BC[ _VNVAJOA 	B@TV\XZRJQ_IGHOJN]CLUSS[@QPVJWNSNFE[QXJ3AYK\_NLU_]\[VQ^+ XWA^\GIZOA
	1A_@@BC[XJVM]@U3AKAY[	
j	PXIB[AXJRVYNKSSSUN]]]YVJ_QW%		F[YRSI]_NPJWZPVQ
][F@OAX^CISAO[ \]J\XPNCCIQ	ANVUHWQWI\Q@S\	7QIY_V XWB[\G@OA3LVZ]\RC_QW%		D[YRSI_@SPYWQ2ZSXIIT2KAYRI\A@SEERX[RHCCGOJXUDNSOA
	1A]@@BC[ _VNVAHOA 	B@TV[T^RJQ_IGHOJN]D@QSS[@QPVJWNSIJA[QXJ3AYK\_NLU_]\[VQ^+ XWA^\GIZOA
	1A_@@BC[XJVM]@U3AIAY[	
j	PXIB[AXJRVYC@SSSUN]\U^SJ_QW%		F[YRSI]_NPJWZRVQ
][F@OA_ZGISAO[ \]J\_TJCCIQ	ANVUHPUSI\Q@S\	7QIY_V XWB[\G@OA3LVZ]\RC_QW%		D[YRSI_@SPYU]2][HQI/QAYH\C^]@MJW]QNCB\CXJNMJRSTN\_NP2
BIBDXUVO	AYR@^_N@[OV@OFK_CVDF	E[YAVLTG\A@B	KQIIFL\TJO\N<NKP^E	NXHDCY_V/UCRQSI^F@SS3XIEXTI\N^@IRR<H_ENKLP%
TAVRUJ]B@NAYMYDYHR^EQIZBF^TVO

< ]SX_WYANIE[RVO PAY[_DUCR^KJAIQG_]H]@N@U]QVSQYUX]NNX_,	OJ^\[[
AC^D\@SB=QQ ADXUKAR	
 <	B@TWX^NXAD[F+Y]IOJN 3\]Y]\PVQAQNYWL_IX\GUA	NKQ_Q^]@@R+
ANVFISRO[ LVQ^@@T@VRFO[AZ\G[OA 	C@TR^\ZRJQ_IGKOJNYAHUSS[@Q j		@@ACGJ^HZ@^Y[[	3SX_WX_YNXT 7_NMHSSP@Q^FR_8Y^]@@QW%		E[YRSI^_N]\]UTICCGOJ]ZGAZSO[	
j	SXIB[BXJ NMHPRO[ ]]J^ZQHCCIQ	BNVUJUPQI\Q@SY\NXX@EXCDJHX([VA\]@QER_[RKB_IU;	RV]EISRRUN
A8IQIZCGHX_G\^B&RZS[VNP2
AIBDXVVOUCRQZLYC\ANLE@@@C^ADDF	&]QV@R^KJ	QQ JDDF	D[YAVL^C\A@B	HQIIFFXTJO\NR[VQYDP^WJAN4C F@_@@NAYQN\AY]@
G2XIBYCF]HX
	<		@NKS^TANPMCBZnBGXF@R	
 <	C@TWX_@@IGDXQI]@@N[VBYIZXKJ
4E
UXWA\\FUA	NKS]KJ@IQG^TJ]@N@U^QVSQXWX]NNXDEJ^X^F\\GIAOA.AJW^RVQIF_TK\\N<
NI]CR^VDO	nIOJ]\GJOAK[C\E=_]O	nHOJ]\GKOAQVANLE@@C_IT2HAYRI\B@SCOVSVQ
][F@O@N@U^QVSRLE BQQCVDF3AC]C@S
]ZZ\RN_QC7OJ]^GISWO[	
j	QXIB[@	DFHZ@]](@UAYN
A8HQIZCFDF NVFNQVZI\_NPJWUUNECG/RAYH\C]]@PNXCE_IGIOJN^BHQSS[@QPUJWNPOBA[QXJ	]UCAQVH^C\SNLV3IADDF	RV^@IRRO[=QER\^RJBBG/PAYH\C_NLPX]X=IQI/QAYH\C^]@MJWURJ_Q^F@\@]\[[3PVJW]RJB_I]XWC@NJNIN@T^EDOYIVYRJ]R@NHNIN@T^EDO,PJ^K]\N[YQTI\G@SZ7@@BA[C@DF	&_QV@R^DO^UJCG4QNF	&^QV@R^KJXI@[_VNVBISOA
	1A]@@BC[ _VNVEUA_SXLWXO@@TAVRFB]@N@U]QVSZ^EDO,PJ^K]\N[YQTI\G@SZ7@@BA[C@DF	&_QV@R^DO^UJCG4QNF	&^QV@R^KJXI@_CXJNMKSUSUN
A8KQIZCEDF	 UCVOAQLE[_\RX_QPVXWR_^GIAOASLE[_\RX_Q^7NVFIOA
NI^FR^KJ	
,IEZTJ]D@N 3]]Y]\Q_QYCD\;NOJN 3\]Y]\PVQAQNY]J]\NAC]F_ANLP%
TBVRUJ]A@N[VG@SY^NXXAG[QXJ	^UCAQWI\Q@SY\NXXAG[QXJ3AYH\_NLU_]\VVQ^+ XWA^\GIWOA
	1A_@@BC[XJVM]@X3@[YA
	1A^@@BC[_V
OJT\GIOASX]RXANE, \RV]GIROA		@TKJ@IQ@PTJO\NQ[VQXIR^KJBIQ@PTJO\N<NKS^E	NXHDC[_V/UCRQSI\G@SS3XIEXTI\N^@ISW<ONISS3YIEXTHAR	[YVUI\_NPJW^TJC_IT2HAYRI\B@SCOVTVQ
][F@OD\\G[OA 	C@TSX]\@VQ
]YF@OD\\G[OA 3PER\\NXIACXTNAR	<
[VB^AR^KJ
4E
WXWA\\DOAQN\CX.[LJ
4E
VXWA\\EUA	NI]BW^KJQQALXHX
	<		BNKS^VDO IJXJ	_UCAUWI\Q@SY_NXXEG[QXJ	]UCAUWI\Q@S\	7QIZ_V XWB[\GMOA3LVZ]\RN_QW%		D[YRSI_@SPYW\2T@@QW%		E[YRSI^_N]Y]ZRJ_Q^F@^G]\[[3PVJW]RJB_I]XWH@NJNINDT^EDOYIV]RJ]R@NHNINDT^EDO,PJ^K]\N[YQTI\G@SZ7@@BA[C@DF	&_QV@R^DO^UJBB4 @FJ^O

< ^SX_WZANQQBLP]J]\NAC]E^HV^E
,HYF@\@\][[ QV@Q\E @QQ@B^PJ]R@NKNINBTXWXO@@TBVRFI[FX\G[OA 3PER_\NXIACXUKAR	<
[VB^AR_KJ
4E
WXWA\\DOAQN\B].[W]O	nHOJ]\GKOAQV@ZY_X]@@
CQNYTH_I\@U,ER\\RK_QTF@TI@NJNINCT^WXO@@TAVRFH[@T\G[OA 	@@TU^]TRJQ_IR;	NMKSOAQVCU^VDO,UQNYVJ]A]@U,ER\\RI_IDDZQ%\I[NMA	.EZOVSJCAGF@\DYZNMSSO[LTZX_ZJ_QW%		F[YRSI]_NPJW][M_QPWXWRY[CMSSAUNEROYUNGC[_V]NM[VTWM\CN]@Z2QQCXJOJ^[GKVOA.
]Y_\RHF_IT2JAYRI\@]@\WX_3SK@QQJQ3	QAC]C\CNLPOVPLKA^CXJNMHQUPH\_NP2
BIBDXUVO	AYRH__N@[OV@ICF]CVDF	E[YAPIYE\A@B	KQIICA^TJO\N<NKS^E	NXHDC[_V/UCRQSI\A@SS3XIEXTI\N^@IQV<HUGNKLP%
TAVRUJ]B@NAYH_KZAR^KJQQBB]SJAR	
 <	@@TWX\@@]QNY]NARPACNFZEZ^EDOYIV]RNU@\N[[	BNK@[SP]\@VQX+RV^GUA
[VA[AP[E%IBFXTHX\N	 &
QLVX]_VQA\AA7UCXRVU,ER\\RH_QIVRUN]I_YGIOASX]^\T\NXT 7]NMHSSRUN	]YTYNXDGJ^XXFT\GIAOAPLE][TRJCQG\RVNBO[SSIN_N[8XIA[QF@_G\^BUA,@TUX]^WVQW; 	_UCRSSJ_NCU^T7\TWXIIT2KAYRI\A@SEER\]ZBDC[_VNVE@SZRI@Q	V7BQQ CDYHX	[YR[L@QPTJWNWIEC[QXJ	^UCAVPO\C\SNLC	SXIQ^EDXTXAR<	QVCRBOVPMCBXQ
2NMHQSSH__NP2
@IBDXWAR^[GHR<RAXQV
@S=
QNYTJ_\N		AYRHZK]DR^EQIY	KE[TVO

< ]SX_WYANIEPPVO PAY[Y@^IR^KJAIQA[VB]@N@U]QVSW]_X]NNX_,	OJ^\[[
AC^D\@SB=QQ ADXUKAR	
 <	B@TWX^NXAD[ B+Y\OOJN 3\]Y]\PVQAQNYUBUG\\GUA	NKPW^Y]@@R+
ANVFISRO[ LVPX@@T@VRFO^F\\G[OA 	C@TR[[\RJQ_IGKOJNYDOSSS[@Q j		@@ACGJ^HZ@]][[	3SX_WX\]NXT 7_NMHSSP@Q^FR_8YUZ@@QW%		E[YRSI^_N]Y_\[OAC[QRV^NJTSSUN
A8KQIZCEDF	 UCR[UUNEROYQCAC[_V^NM[VPZK\CN]@T]@@QFXADXFVO&NI^ANL\JW^UJBBG%NVFKSSRH@Q	V7@QQ CD[VOB[\FH<R[NNISS3YIEXTHAR	[YRQJ\E]ARB	XIARFEXHX
	<		BNKS^VDO IBL_HX JAYALXAXARLE AQQF@ZPJ]R@NHNINDV\WXO@@nXWB\@UAYK[C]@NLQ3QIZCDYUVO

< _SX_W[@@HDCZ ,EPTXWN	 &
PLVX]^NXIEX\B[E\\[[QVCUYQXANE, \RV]GIROA		@T_XANQNJQH]@\\UUA^SXL UX]\RX_QPUXWRY^GISSAUN1GNXHC_IXVRVM]A]@U&NKS\WY\@@R+
CNVFISPUNA[AS_jVP\NXQW; 	^UCRSSK@Q		LVY]TSHCCGOJ^[NA[SO[	
j	SXIB[BXJ NMH[RO[ ]]JX^QHCCIQ	BNVULQPQI\Q@SY\NXXFAXCDJHX([VA\]@QER_[RKB_IU;	RV]EISRRUN
A8IQIZCGHX_G\]F&R[Q[VNP2
AIBDXVVOUCRRQNTE\ANLE@@AKYADDF	&]QV@R^KJ	QQ KFDF	D[YAVKZG\A@B	HQIIAB\TJO\NR[VQYCTZWJAN4C F@_@@NAYQN\B]]@
G2XIBYCEYHX
	<		@NKS^TANPMCBZnBL[F@R	
 <	C@TWX_@@IBE\SBZ@\@U	NI^IW]WDO	nKOJ]\GHOA SX_TDOXIV]VC[@\N[[	ANK@[^^]\@VQ
]YF@OE^UAISAO[=TOVPJ_QUQNZSJ\A@N<QV@P^VYANE, ^RV]GIPO[^D\@S1_POVXT 7^NMHSSQUN@TU]\UUJC_IAXWBUUDJSOA
	1A]@@BC[ _VNVFA[OAQLE]YYTJCQG_RVNBMVUSIN_N@YOV@OGF]CVDF3AC^C@S
]ZZ\SK_QC7OJ]^GIRRO[	
j	QXIB[@	DFHZ@]](H[ZACQ	V7AQQ CDZHXNMHQTPO\C\]@ZNXICAZCXJ(HNI]AR_EQIZ	JXJ	_UCAVWATC\SNLC	PXIQ^KLXTXARRACNFXIZ^EDO,PJ^H]\N[YQTI]B@SZ7@@BA[BEDF	&_QV@R^DO^UJBA4KVRX
	<		ANKS^UDO	
QIZ	AFZTJAR AYH\CZFRB	,AEJ^K]@]@UNIUINLC	QXIQYDBXTXARQACNAYFT^EDOZIVZQM[@\N[[ 
3LUXANQIYCEZHX	(AYH^C\@PB	,AGJ^K]@_[[QTSH^,UH@TNE
,HZF@\@\^[[[VBTFSVWDOIBDZVC]\N	 &
SLVX]]NXTVR]CARPACNAZAZ^EDOYIVZRJU@\N[[	BNK@\WP]\@VQX+RV^GUA
[VA[AS\E%IBFXTK_\N	 &
QLVX]_VQA\CL7UHURVU,ER\\RH_QIVRWB_H\\GUA	NKS[_[]@@R+
ANVFISRO[ LVZU@@T@VRFIXCZ\G[OA 	C@TT]^ZRJQ_IGKOJN_BJUSS[@Q j		@@ACGJ^HZ@\T[[	3SX_WX]TNXT 7_NMHSSP@Q^FR^8Y_U@@QW%		E[YRSI^_N][T]WCCCGOJ]YAAWSO[	
j	SXIB[BXJ NMHQZO[ ]]J^YTBCCIQ	BNVUJVU[I\Q@SY\NXX@F]	CDJHX([VA\]@QER_[RJK_IU;	RV]EISS[UN
A8IQIZCGHX_G\]F&RU[[VNP2
AIBDXVVOUC[TWMUC\]@ZNXHGF] CXJ(HNI]AR_EQIZKXJ	_UCAW[HZC\SNLC	PXIQ_	BBXTXARRACNGT@T^EDO,PJ^H]\N[YQTI]B@SZ7@@BA[BEDF	&_QV@R^DO^UJBB4 EMJ^O

< ^SX_WZANQQ	JEXTJ]\NAC^GT@T^E
,HYF@\@\][[ QV@TWE @QQGL\\J]R@NKNINEZZWXO@@TBVRFNUDT\G[OA 3PER_\NXIACXUKAR	<
[VB^AR_KJ
4E
WXWA\\DOAQN\CT.S\ERNE, _RV]GIQOANKQ__Y]\NXTVRUITBZ\[[3PVJW]RJB_I]XWA^\[[	@NK@]_X]\@VQ
]ZF@OC^TGISAO[ _]J^^ZJCCIQ2[YQSUNSX\WXU@@nJ^K_@\\OUA	.E[OVSJC@QF_TJU/]^F[YA
	1A^@@BC[_V
OJ_^BMQSSUN]YY]SLC_IT2HAYRI\B@SCOVSHB_IGIOJN_DHQSS[@QPUJWNQIBA[QXJ	]UCAPPH^C\SNLV3IADDF	RV^@IS[O[=QER\^RJCKG/PAYH\C_NLPX]T=KAAIV3 Q[VB\APBNXI@@Z	CDDF
	UCRWPI[C@SS3ZIEXTKAR 	AYH^A@SY^NXX@@_CDJHX KAYAJ_GXARLE BQQ@G\PJ]R@N
<	SX\KJ@@AD[KXJ  3[YRQI\CT]@S=
QNYTJ^@NENSS[&]A_SX	,AFJ^K]@^@UAC_G]AZ^KJQQ GAXTJAR	
 <	@@TWX\@@]QNYVIARPACN@_FT^EDOYIV[WM[@\N[[	BNK@]P^]\@VQX+RV^GUA
[VA[ARVE%IBFXTJU\N	 &
QLVX]_VQA\CL7UHYRVU,ER\\RH_QIVRWNTA_\GUA	NKSZ^\]@@R+
ANVFISRO[ LVZY@@T@VRFIY@T\G[OA 	C@TT\]TRJQ_IGKOJN_CI[SS[@Q j		@@ACGJ^HZ@\T[[	3SX_WX]TNXT 7_NMHSSP@Q^FR^8Y_Y@@QW%		E[YRSI^_N][X[QICCGOJ]XOAZSO[	
j	SXIB[BXJ NMHQVO[ ]]J^XVJCCIQ	BNVUJWWSI\Q@SY\NXX@G_CDJHX([VA\]@QER_[RJK_IU;	RV]EISS[UN
A8IQIZCGHX_G\\O&RQU[VNP2
AIBDXVVOUCPUVO[C\]@ZNXKFCSCXJ(HNI]AR_EQIZEXJ	_UCAPWN^C\SNLC	PXIQXDFXTXARRACN@XFP^EDO,PJ^H]\N[YQTI\K@SZ7@@BA[CLDF	&_QV@R^DO^UJCK4 ACJ^O

< ^SX_WZANQQD@YRJ]\NAC]F^IV^E
,HYF@\@\][[ QV@PYE @QQ@AXPJ]R@NKNINBW^WXO@@TBVRFIX@X\G[OA 3PER_\NXIACXTBAR	<
[VB^AR^KJ
4E
WXWA\\DOAQN\BY.S\ERNE, _RV]GIQOANKQ]VP]\NXTVRUN^@[\[[3PVJW]RJB_I]XWA^^[[	@NK@]S\]\@VQ
]ZF@OC_XCISAO[ _]J^_VNCCIQ2[YQSUNSX\WYX@@nJ^K_@\]BUA	.E[OVSJC@QF_TKX/]^D[YA
	1A^@@BC[_V
OJ_XFI[SSUN]YYYRJC_IT2HAYRI\B@SCOVSH@_IGIOJN_DNUSS[@QPUJWNQIDE[QXJ	]UCAPPNZC\SNLV3IADDF	RV^@IRVO[=QER\^RJBFG/PAYH\C_NLPX\Y=KACIV3 Q[VB\APBNXIBDS CDDF
	UCRPZKZC@SS3ZIEXTKAR 	AYH^C@SY^NXX@ASCDJHX KAYAJ^K\ARLE BQQ@FPTJ]R@N
<	SX\KJ@@AD[ FXJ  3[YRQI\BY]@S=
QNYTJ^@NENSRV&]A]SX	,AFJ^K]@^@UAC_AYEP^KJQQ GEYRJAR	
 <	@@TWX\@@]QNYVKARPACN@_@P^EDOYIV[WK_@\N[[	BNK@]VZ]\@VQX+RV^GUA
[VA[AS[E%IBFXTKX\N	 &
QLVX]_VQA\BA7UH[RVU,ER\\RH_QIVRWLXF[\GUA	NKS[_^]@@R+
ANVFISRO[ LVZ[@@T@VRFIYG^\G[OA 	C@TT\Z^RJQ_IGKOJN_CNQSS[@Q j		@@ACGJ^HZ@]Y[[	3SX_WX\YNXT 7_NMHSSP@Q^FR_ 8Y_[@@QW%		E[YRSI^_N][ZXSLCCGOJ]YEAWSO[	
j	SXIB[BXJ NMHQTO[ ]]J^YRNCCIQ	BNVUJVSWI\Q@SY\NXX@F[CDJHX([VA\]@QER_[RKF_IU;	RV]EISRVUN
A8IQIZCGHX_G\\A&ZAYN
A8HQIZCFDF NVFJVSSUN]\_TRVQW; 	]UCRSSH@Q YERT@@T@VRFLY@\N[[	ANK@XWXO@@TBVRFLY@\N[[ 
3LV]ANQIYCD^HX	(AYH^C\ATB	,AGJ^K]@_[[QTSIZ,TSX	,AFJ^K]@^@UAC]CZARB	XI@\ CXJ(HNI]AR_EQISQ	CNVULUSS[@QPUJWNWLCCIQ	ANVULUSS[@Q j		@@BFGJ^HZ@\Z[[	3SX_WX]ZNXT 7_NMHSSP@Q^FR^8_OVXT 7^NMHSSQUN@TWX]@@
CQN[UO]\N	 &
SLVX]]NXTVRSVO PAY[XK\A@B	HQIIKDXFVO RAY[XK\A@B=IE]HXNVENSSUUN1\JW]PJCC]Q3	PAC]C\BBU_]\T%EQQJQ3	QAC]C\CNLPOVWLCCGOJ^ZGIOA
=L\NXKCCZQRVZ[[	@NK@ZWXO@@TAVRFN]@\N[[	BNK@ZWXO@@nXWAY@UAYK[C\GNLQ3QIZCDXRVO

< _SX_W[@@HDC[,AJ^O

< ^SX_WZANQQGDXHX	[YQSO\_NP2
BIBDXUVO	AYVUNERO_PJCQG_RVNDKSSAUNERO_PJCQG
%	UCRVO[NKPYW^AN4XVRUH]@\Z[[3PTJW]RJ@GACXTL2DNV[3PUJW]RJA_ITJ^KT@\@U	NI]DQ^E
,HYF@\@\][[ QVENLC	QXIQYCDJHX KAYAKXC\SNLC	SXIQYCDJHX([VBY]@QER_[RJE_IU;	RV]EISSUUN
A8IQIZCGHX_G\\A&PAYN
A8HQIZCFDF NVNISOA		@TWY]@@R+
ANVFISRO[ LTDOXIVYRJ]R@NKNIN@T^EDOZIVYRJ]R@N
<	SX_ KJ@@AD[EXJ  3[YRQI\CZ]@S=
QNYTJ^@NENSSU&^QV
@S=
QNYTJ_\N		AYPI\_NPJWYRJ_QW%		F[YRSI]_NPJW^NXDGJ^XU@\N[[	ANK@VWJAN QNJ\J]R@N
<	SX_ KJ@@AD[EXJ  3[YRQI\CZ]@S=
QNYTJ^@NENSSU&]QV
@S=
QNYTJ_\N		AYSUN]XANE, \RV]GIROA		@TKJ@IQDJHX KAYAIN_N@YOV@JQ_IR;	NMHVOAQVCU^QDO,UQNYVJ]@Z@U,ER\\RI_IDDXQ%\HUNMA	.EZOVSJCAGF@\B[_AISSO[LTX_]UJ_QW%		F[YRSI]_NPJW]ZC_QPWXWRYXOASSAUNEROYVBKC[_V]NM[VW[A\CN]@Z2QQ FXJOJ^[GIVOA.
]Y_\RJF_IT2JAYRI\@]@\WXX3SBKQQJQ3	QAC]C\CNLPOVSHFBRCDDF
	UCQZZJ_C@SS3ZIEXTKAR 	AYHTK@SY^NXXFG^CDJHX KAYALXFZARLE BQQF@]RJ]R@N
<	SX_ KJ@@AD[FXJ  3[YRQI\CY]@S=
QNYTJ^@NENSSV&]K[SX	,AFJ^K]@^@UAC]A_AT_WDOIAM^QK]\N	 &
SLVX]]NXTVRUBZ\NP[VQYEPZWJANQNJQN_D\\UUA]SXL SZY\RX_Q^7NVFLOA
NI^FR^ KJ	
,IEZTJ]E@N 3]]Y]\Q_QYCD];KUFNV[3PUJW]RJA_ITJ^K_@UYEISOA		@T^[Z\RVQW; 	]UCRSSH@Q YER\TTVQ
][F@OE_UEISAO[ \]JX_[HCCIQ	ANVULPZQI\Q@S\	7QIZ_V XWB[\GLOA3LVZ]\RO_QW%		D[YRSI_@SPYW]2]ZOQI/QAYH\C^]@MJW]SBKD[CXJNMKZSZH\_NP2
BIBDXUVO	AYRAY_N@[OV@O@E[CVDF	E[YAVJZC\A@B	KQII@BXTJO\N<NKS[E	NXHDC[_V/UCRQSI\F@SS3XIEXTI\N^@ISV<HTGNKLP%
TAVRUJ]B@NAYH]ET@W^KJQQKLYWJAR	
 <	@@TWX\@@]QNY\NARPACNF_CZ^EDOYIV]WHU@\N[[	BNK@[UP]\@VQX+RV]BUA
[VA[AR[E%IBFXTJX\N	 &
QLVX]_VQA\CA7UB^RVU,ER\\RH_QIVRUKYGT[GIOASX\R[Z\NXT 7]NMHSSRUN	]YU_NXDGJ^XXBUZGIAOAPLE]_UTJCQG\RVNBKZUSIN_N[8XIB^QF@_G\\BUA,@TUX]\WVQW; 	_UCRSSJ_NCU^R7\TPXIIT2KAYRI\A@SEER\]PMKE[_VNVEAQUQI@Q	V7BQQ CDYHX	[YR[K@QPTJWNWHEG[QXJ	^UCAVQOXC\SNLC	SXIQ^E@XTXAR<	QV@WBOVPMCC^Q
2NMHQSSIY_NP2
@IBDXWAR^[GIV<RA]QV
@S=
QNYTJ_\N		AYRH\K]CR^EQIYJLPTVO

< ]SX_WYANIEPUVO PAY[YA_CR^KJAIQAZWH]@N@U]QVSW\UX]NNX_,	OJ]Y[[
AC^D\AWB=QQ ADXTOAR	
 <	B@TWX^NXAD[F+Y\JOJN 3\]Y]\PVQAQNYTBUFY\GUA	NKPYV^]@@R+
ANVFISRO[ LVP]@@T@VRFO_@\\G[OA 	C@TRZ]\RJQ_IGKOJNYEISSS[@Q j		@@BFGJ^HZ@\Y[[	3SX_WX]YNXT 7_NMHSSP@Q^FR^8Y^NXQW; 	^UCRSSK@Q		LU_\\RVQFJ^L[I\@U,ER\\RK_QTF@\C@NJNIN@PVWJANQNJUHU@\N[[	BNK@__X]NNX_,	OJ]Y[[
AC^D\ATB=QQ ADXTLAR	
 <	B@TWX^NXAD[E+YVXWN	 &
PLVX]^NXIF[PJ]\NACZC[ANLP%
TBVRUJ]A@N[VB^]@T_@@QBZCDJHX KAYAH]A\A@B	KQII BFXTXAR<	QV@WBOVPMCC]Q
2NMHQSSIZ_NP2
@IBDXWAR^[GIU<RHNISS3YIEXTHAR	[YRZ@\C@SBOVWNECG/RAYH\C]]@PNXKB_IGIOJNUAISAO[ \]JTZRJQ_IGKOJNUAISAO[=TOVSO_QUQNZSJ]F@N<QV@P^W^ANE, ^RV]GIPO[^D\AT1WJW@R+
BNVFISQO[	SX_QX]@@
CQN\\L]\N	 &
SLVX]]NXTVRUJARPACNK\ARLE AQQKDXTXARRACNK\ARLE%TQNYQVONMKTSSO@QjOVSHCC[_V3 P[VB\AQEZZ\RL,B\IJ(KNI]AR\E@@GGZCXJNM@QTSUN
A8KQIZCEDF	 UCRTO[ ]]J\UPJCQG_RVNF@QSS[@QPVJWNSCAC[_V/AYRL@Q@TPX]ZNXA,F@\B\\GOOA
=L^NXKCCXL_VZSJ]F3]A[YA
	1A^@@BC[_V
OJ_UBISOA		@TQY]@@R+
ANVFISRO[ LV^ANQNJUM[@\N[[	ANK@_QX]NNXDEJ^X\GZ\G[OA 3PER\YNXIACXTLAR	<
[VB^AR^KJ
4E
WXWA\\DOAQN\CZ.S[]O	nHOJ]\GKOAQVBW_WDOIDM^TVO

< ]SX_WYANIE]HX JAYAHZC\A@B	HQII EDXTXARRACNBZAR^KJ,
EVRUOARUCQTSIZ_NE8	NXKAC[EXJ(JNI]AR]HKJ_[RJE,ZQNF	&^QV@R^KJXI@ZCDDF
	UCTPQI@Q	V7BQQ CDYHX	[YRWUNERO]VNCCIQ	BNVUHWWSIN_N@YOV@KGG[QXJ3AYHY_NLU_]\TVQ^+ XWA^\GIUOA
	1A_@@BC[XJVM]@Z3F@AY[	
j	PXIB[AXJRVYD@SSO[LVX[^RVQW; 	]UCRSSH@Q YER\UNXDGJ^X_BX\G[OA 	C@TUZY\RX_QPUXWR^^CISAO[=TOVSO_QUQNZSJ]F@N<QV@P^W^ANE, ^RV]GIPO[^D\AT1_JW@R+
BNVFISQO[	SXZ^X]@@
CQNQ]N]\N	 &
SLVX]]NXTVRUBARPACNA\IR^KJAIQFX\J]R@NHNINCRVWJAN4C F@\E@NAYQN\CZ]@
G2XIBYCD^HX
	<		@NKS^TANPMCA^nBFQF@R	
 <	C@TWX_@@I@MYQC]@@N[VBYGZZKJ
4E
UXWA\\FUA	NKS\KJ@IQG]RB]@N@U^QVSQ[_X]NNXDEJ^X^EZTGIAOA.AJW^RVQIF_THX\N<
NI]CR^RDO	nIOJ]\GJOAK[C^D=__JW@R+
BNVFISQO[	SX]UP]\RVQFJ^KXDT_GUA	.EYOVSJCBGOJ]^OUA_SXLR[[\RX_QPVXWR_YDOSSAUNERO_WIEC[_V/AYQI@Q@TPX_YNXA,F@\B\\ELOA
=L^NXKCCXL_VZSJ_F3]CKAY[	
j	PXIB[AXJRVYEIU[SI@QGER\TVKGCG/RAYH\C]]@PNXKGAG^RVND@[WSIN_N@ZOV@IJK_CVDF	F[YAP@TG\A@B=IFXHXNVENSQUUN1\JW]PJCA]Q3	PAC]C\BBU_]^T%BGXIJ(KNI]AR\E@@F@Z	ADXHX	[YR[O_@\]@S=
 QNYTJ\\N AC]G_]@T_@@QG[ EDXFVO QAY[XC]GR^KJBIQ@XUL]@N@U
&@TWDOXIA\ABDF3AYRK\C^GNLP%
T@VRUJ]C@UKTSQO3BXA@TNE
,HZF@\@\^[[[VGUI[[WDOIBCQSC]\N	 &
SLVX]]NXTVRUN]\NP[VQ_HP^WJANQNJWC_@\\UUA]SXL^Z]\RX_Q^7NVEIOA
NI^FR\KJ	
,IEZTJ_F@N 3]]Y]\Q_QYCF^;KYANV[3PUJW]RJA_ITJ^O]I[^GIOASX_VQ[\NXT 7]NMHSSRUN	]YY]NXDGJ^X^IY^GIAOAPLE[TYPJCQG\RVND@VQSIN_N[8XIA[QF@_G\^AUA,@TUX]^TVQW; 	_UCRSSJ_NCU^Q7\XTXIIT2KAYRI\A@SEERXZTIGC[QRV]NKZZSUN
A8KQIZCEDF	 UCRWUUNEROXSKAC[_V^NM[WRRK\CN]@T]@@QGZ ADXFVO&NI^ANL\JW^UJAEG%NVFKSSQO@Q	V7@QQ CD[VOB[\EO<RWNNISS3YIEXTHAR	[YVTA^A\ANLE@@BJ^GDDF	&]QV@R^KJ	QQ GCDF	D[YAWHXG\A@B	HQIIB@\TJO\NR[VQX@VZWJAN4C F@_@@NAYQN\AZ]@
G2XIBYCF^HX
	<		@NKS^TANPMCA]nB@\F@R	
 <	C@TWX_@@IF@[UN]@@N[VBTIWZKJ
4E
UXWA\\FUA	NKSZKJ@IQ@XPB]@N@U^QVSV^_X]NNXDEJ^XY@XTGIAOA.AJW^RVQIF_TH[\N<
NI]CR^QDO	nIOJ]\GJOAK[C^G=_RJW@R+
BNVFISQO[	SX[ S^X\RVQFJ^KT@[ZGUA	.EYOVSJCBGOJ]XBUA_SXLWP]\RX_QPVXWRX\OISSAUNEROXRBCC[_V/AYQI@Q@TPX_ZNXA,F@\B\\EOOA
=L^NXKCCXL_VZSJ_F3]CAAY[	
j	PXIB[AXJRVYNIQ[SI@QGER\UUOCCG/RAYH\C]]@PNXKGKG^RVNCHTUSIN_N@ZOV@NBD]CVDF	F[YAWH[E\A@B=IFXHXNVENSQUUN1\JW]PJCA]Q3	PAC]C\BBU_]^T%BGRIJ(KNI]AR\E@@ECY@DXHX	[YRZ@[D\]@S=
 QNYTJ\\N AC]GU]@T_@@QGYKDXFVO QAY[XA\IR^KJBIQ@ZTB]@N@U
&@TWDOXIA\ABDF3AYRK\C^GNLP%
T@VRUJ]C@UKTSSJ3B_E@TNE
,HZF@\@\^[[[VG_F[_WDOIBB_TM]\N	 &
SLVX]]NXTVRUIY\NP[VQ_FPVWJANQNJWM_H\\UUA]SXLPZU\RX_Q^7NVFIOA
NI^FR^KJ	
,IEZTJ]C@N 3]]Y]\Q_QYCD[;K^ENV[3PUJW]RJA_ITJ^NYGZ[GIOASX_^Y[\NXT 7]NMHSSRUN	]Y^YNXDGJ^X^GZ\GIAOAPLE[ZZRJCQG\RVNDNUSSIN_N[8XIB[QF@_G\\DUA,@TUX]\QVQW; 	_UCRSSJ_NCU^T7\_TXIIT2KAYRI\A@SEERYYUOJC[QRV]@HQUSUN
A8KQIZCEDF	 UCRPUUNERO_UCAC[_V^NM[PTZK\CN]@T]@@Q@\ADXFVO&NI]ANL\JW^UJC@G%NVFKSSSJ@Q	V7@QQ CD[VOB[\GJ<RPNNISS3YIEXTHAR	[YWUNZK\ANLE@@BDXDDDF	&]QV@R^KJ	QQ @CDF	D[YAPA^G\A@B	HQIIKF\TJO\NR[VQ_IPZWJAN4C F@\@@NAYQN\C_]@
G2XIBYCD[HX
	<		@NKS^TANPMCCXnBGXF@R	
 <	C@TWX_@@IGDXQI]@@N[VBYIZXKJ
4E
UXWA\\FUA	NKS]KJ@IQG^TJ]@N@U^QVSQXWX]NNXDEJ^X^F\\GIAOA.AJW]RVQIF_TJ^\N<
NI]CR^TDO	nIOJ]\GJOAK[C\B=_VJW@R+
BNVFISQO[	SXZ^^^\RVQFJ^K[@TUGUA	.EYOVSJCBGOJ]_FUA_SXLQ[_\RX_QPVXWR_ZDKSSAUNERO_TIAC[_V/AYRI@Q@TPX]_NXA,F@\B\\GJOA
=L^NXKCCXL_VZSJ]C3]DKAY[	
j	PXIB[AXJRVXFA[ZSI@QGER\ZPCGCG/RAYH\C]]@PNXK@AG^RVNDOUWSIN_N@ZOV@IEE_CVDF	F[YAPOZG\A@B=IEXHXNVENSSPUN1\JW]PJCCXQ3	PAC]C\BBU_]\Q%B@XIJ(KNI]AR\E@@GASADXHX	[YRUL\C\]@S=
 QNYTJ\\N AC]@_]@T_@@Q@]EDXFVO QAY[_EUGR^KJBIQG^]L]@N@U
&@TWDOXIA\CGDF3AYRK\C\BNLP%
T@VRUJ]C@UKTSSJ3B_I@TNE
,HZF@\@\^[[[VG[F[ZWDOIBC]QJ]\N	 &
SLVX]]NXTVRUIU\NP[VQ_IWXWJANQNJWBXF\\UUA]SXL_][\RX_Q^7NVFIOA
NI^FR^KJ	
,IEZTJ]C@N 3]]Y]\Q_QYCD[;K^INV[3PUJW]RJA_ITJ^NUH_ZGIOASX_P^Y\NXT 7]NMHSSRUN	]Y^UNXDGJ^X^HTTGIAOAPLE[UTZJCQG\RVNDA[[SIN_N[8XIB[QF@_G\\DUA,@TUX]\QVQW; 	_UCRSSJ_NCU^R7_U@@QW%		E[YRSI^_N]Y\TZJC_IAXWAT\CIOA
=L\NXKCCZQRV^NUA_SXL_\]\@VQ
]ZF@OCTXGIAOASLE[UXRJQ_IR;	NMHVOAQVCU^RDO,UQNYVJ]@Y@U,ER\\RI_IDDXQ%_HNV[3PUJW]RJA_ITJ^K\A\\GUA	NKSYRXANE, \RV]GIROA		@T_DOXIV[RB]@N@U^QVSQXWXO@@TBVRFI[H\\UUA ,]YX@@QQDDXQVO&
AC]A\AR[E
,H[F@\@\_
UAQTI\F3CULJ
4E
VXWA\\EUA	NI]AQ[WDOIBB\SJAR	
 <	@@TWX\@@]QNZSVO PAY[_F^ARLE AQQ@AZTJO\NR[VQ_DP^EDO,PJ^KX\N[YQTI\F@SZ7@@BA[CADF	&_QV@R^DO^UJCF4EVRX
	<		ANKS^UDO	
QIR@DXHX	[YRVN\C@SS3ZIEXTKAR 	AYKZ_N@[OV@I@E[QXJ	^UCAPPO\CN]@T]@@Q@XCDJHX([VBY]@QER_[RJF_IU;	RV]EISSVUN
A8IQIZCGHX_G\\B&QVACQ	V7AQQ CDZHXNMAZWSI@QGER\X[NC_IT2HAYRI\B@SCOVPO_QPWXWR_^GISAO[ \]J^^RJCQG\RVNDKSSS[@Q j		@@BFGJ^HZ@\Y[[	3SX_WX]YNXT 7_NMHSSP@Q^FR^ 8ZYNXQW; 	^UCRSSK@Q		L_ZU\RVQFJ^KYAU\[[3PVJW]RJB_I]XWBX@U_QVSQ^WXO@@TAVRFI]D\\UUA]SXLW\]\@VQX+RV]BUA
[VA[AR[E%IBFXTJX\N	 &
QLVX]_VQA\CA7VIOJN 3\]Y]\PVQAQN_RO]@@N[VB_EW^E
,HYF@\@\][[ QVCQB	IQIIKLXTXARQACNATIR^KJBIQFP\J]R@N
<	SX_ KJ@@AD[FXJ  3[YRQI\CY]@S=
QNYTJ^@NENSSV&^ANKLP%
TAVRUJ]B@NAYN\G\ANLE@@BA\CXJ(HNI]AR_EQIY_V_NM[QTQI\Q@SY_NXXADYCVDF	F[YAQN^C\SNLV3IBADF	RV^@ISVO[=QER\^RJCFG/PAYH\C_NLPX]Y=HBQQJQ3	QAC]C\CNLPOVTNEC[QRV]EIRSO[	
j	SXIB[BXJ NMKROAQLEZXZRJQ_IGHOJN^BOSSAUNERO^WLCCIQ2[YRVUNSX\WXX@@nJ^K_@\\BUA	.E[OVSJC@QF_TJX/^\UCA
=L_NXKCCYQXWEU]GIOASX_TY]@@R+
ANVFISRO[ LUXANQNJVN]@\N[[	ANK@\WX]NNXDEJ^X_D\\G[OA 3PER\YNXIACXTOAR	<
[VB^AR^ KJ
4E
WXWA\\DOAQN\C].S_ERNE, _RV]GIQOANKQ^WX]\NXTVRUIXDU\[[3PVJW]RJB_I]XWA]T[[	@NK@]V^]\@VQ
]ZF@OC^]AISAO[ _]J^^SLCCIQ2[YRSUNSX\WX\@@nJ^K_@\\FUA	.E[OVSJC@QF_TJ\/]]N[YA
	1A^@@BC[_V
OJ_]GJWSSUN]Y^[QMC_IT2HAYRI\B@SCOVSKJ_IGIOJN_EM[SS[@QPUJWNQHGK[QXJ	]UCAPQMTC\SNLV3IBDDF	RV^@ISRO[=QER\^RJCBG/PAYH\C_NLPX]]=KBGIV3 Q[VB\APBNXHDGRCDDF
	UCRQ[H^C@SS3ZIEXTKAR 	AYH]G@SY^NXX@CS	CDJHX KAYAJ\KTARLE BQQ@DP\J]R@N
<	SX_KJ@@AD[BXJ  3[YRQI\C]]@S=
QNYTJ^@NENSSR&]BYSX	,AFJ^K]@^@UAC^K]FT^KJQQ AMQPJAR	
 <	@@TWX\@@]QNYUOARPACN@]CR^EDOYIV[UH]@\N[[	BNK@]UX]\@VQX+RV]GUA
[VA[AR_E%IBFXTJ\\N	 &
QLVX]_VQA\CE7UK[RVU,ER\\RH_QIVRVBUG]\GUA	NKS]PP]@@R+
ANVFISRO[ LVY[@@T@VRFI\E^\G[OA 	C@TTYX^RJQ_IGKOJN_FLQSS[@Q j		@@BCGJ^HZ@\][[	3SX_WX]]NXT 7_NMHSSP@Q^FR^8Y\[@@QW%		E[YRSI^_N]ZTYUCCCGOJ]_DOPSO[	
j	SXIB[BXJ NMHRTO[ ]]J^]ZNCCIQ	BNVUJR[WI\Q@SY\NXX@BSCDJHX([VB\]@QER_[RJB_IU;	RV]EISSRUN
A8IQIZCGHX_G\\F&RRS[VNP2
AIBDXVVOUCQW[@YC\]@ZNXKACRCXJ(HNI]AR_EQIZ CXJ	_UCAQZO\C\SNLC	PXIQYEDXTXARRACNAUGR^EDO,PJ^K]\N[YQTI\B@SZ7@@BA[CEDF	&_QV@R^DO^UJCB4 BEJ^O

< ^SX_WZANQQFAZRJ]\NAC]A^FP^E
,HYF@\@\][[ QV@S_E @QQAMQVJ]R@NKNINC[WWXO@@TBVRFHTI^\G[OA 3PER\\NXIACXTKAR	<
[VB^AR^KJ
4E
WXWA\\DOAQN\C].S_ERNE, _RV]GIQOANKPXQQ]\NXTVRUHYE]\[[3PVJW]RJB_I]XWA]^[[	@NK@]U\]\@VQ
]ZF@OC\^CISAO[ _]J^\PNCCIQ2[YRSUNSX\WX\@@nJ^K_@\\FUA	.E[OVSJC@QF_TJ\/]]D[YA
	1A^@@BC[_V
OJ^ZOKVSSUN]Y_ZQKC_IT2HAYRI\B@SCOVSK@_IGIOJN_GLUSS[@QPUJWNQJFE[QXJ	]UCAPSLZC\SNLV3IBDDF	RV^@ISRO[=QER\^RJCBG/PAYH\C_NLPX\^=KF@IV3 Q[VB\APBNXLF@^CDDF
	UCQSZI]C@SS3ZIEXTKAR 	AYHY@@SY^NXXG@XCDJHX KAYAM_@ZARLE BQQGG[RJ]R@N
<	SX\KJ@@AD[ AXJ  3[YRQI\B^]@S=
QNYTJ^@NENSQV&]A\SX	,AFJ^K]@^@UAC_B[IS^KJQQ @MZRJAR	
 <	@@TWX\@@]QNYVJARPACN@^IR^EDOYIV[VB]@\N[[	BNK@]_X]\@VQX+RV^GUA
[VA[AP[E%IBFXTHX\N	 &
QLVX]_VQA\BF7UJZRVU,ER\\RH_QIVRVI]GZ\GUA	NKS_ PY]@@R+
ANVFISRO[ LVXZ@@T@VRFHUFX\G[OA 	C@TUP[XRJQ_IGKOJN^OOWSS[@Q j		@@ACGJ^HZ@]^[[	3SX_WX\^NXT 7_NMHSSP@Q^FR^8[UNXQW; 	^UCRSSK@Q		LUX^ZRJ_Q^F@_EZ[GUA	.EYOVSJCBGOJ_T[[	@NK@X QX]NNXDFJ^X[EZ\G[OA 	@@TQ][\RX_Q^7NVEIOA
NI^FR^KJ	
,IEZTJ]G@N 3]]Y]\Q_QYCD_;ITRVU,ER\\RH_QIVRVKYH\\[[QVCT[WDO	nKOJ]\GHOA SX]KJ@IQBP\J]R@NKNINGZVWJAN QNJRBU@\N[[ 
3LUXANQIYCD_HX	(AYH^C\AUB	,AGJ^K]@_[[QTSI[,_G@TNE
,HZF@\@\^[[[VBTCQ^KJQQ@MXTVO

< ]SX_WYANIG^HX JAYALUA\A@B	HQIIJFXTXARRACNFUCR^KJ,
EVRVJARUCQTSI[_NE8	NXKAC[DXJ(JNI]AR]HKJ_[RJD,XQNF	&^QV@R^KJXIBRKDXHX	[YQWNTC@SS3ZIEXTKAR 	AYJ[_N@[OV@LAG[QXJ	^UCAUQM\CN]@T]@@QEYCDJHX([VA\]@QER_[RJD_IU;	RV]EISSTUN
A8IQIZCGHX_G\\@&PWACQ	V7AQQ CDZHXNMHUQWI\_NPJW^PKDCG/RAYH\C]]@PNXIG_IGIOJNYEASSAUNEROYPBCCIQ	ANVULQ[SIN_N[8XIA[QF@_G\\@UA,@TUX]\UVQW; 	_UCRSSJ_NCU^P7^Y@@QW%		E[YRSI^_N]YZ^PJC_IAXWB_\DIOA
=L\NXKCCZQRV_BUA_SXL QX]\@VQ
]ZF@OEZ\GIAOASLE][\RJQ_IR;	NMKSOAQVCU^PDO,UQNYVJ]@[@U,ER\\RI_IDDXS%^BNV[3PUJW]RJA_ITJ^KYCU\GUA	NKP^_XANE, \RV]GIROA		@TUDOXIV\RN]@N@U^QVSVXWXO@@TBVRFN[D\\UUA ,]Z]@@QQDDXSVO&
AC]A\ARYE
,H[F@\@\_
UAQTI\D3BQLJ
4E
VXWA\\EUA	NI]DQ^WDOIAE[VJAR	
 <	@@TWX\@@]QN[WVO PAY[XJZARLE AQQGM^TJO\NR[VQXHT^EDO,PJ^H]\N[YQTI\D@SZ7@@BA[CCDF	&_QV@R^DO^UJCD4CVRX
	<		ANKS^UDO	
QIZELXTVO AYRATG\]@S=
 QNYTJ\\N AC_C@SY^NXXGC[CVDF	E[YAWI\C\SNLC	SXIQ_CDXFVO&NI^ANL\JW^UJCDG%NVFKSSSN@Q	V7@QQ CD[VOB[\GN<PR[VNP2
AIBDXVVOUCRPVK\C@SBOVSCEF[Q3	RAC]C\@NLY @@@BG^RVNCJQSS[@QPUJWNVIAC[_V]NM[WPQI\Q@S\	7QIY_V XWB[\GNOA3LVZ]\RM_QW%		D[YRSI_@SPYV[2]VLQI/QAYH\C^]@MJWYTL@G[_VNVF@QZZI@Q	V7BQQ CDYHX	[YRWO@QPTJWNVKBA[QXJ	^UCAWRH^C\SNLC	SXIQ_ BFXTXAR<	QVCRBOVPMCBXQ
2NMHQSSH__NP2
@IBDXWAR^[GHP<RM[QV
@S=
QNYTJ_\N		AYVNTA^ARB	XIBRA@XHX
	<		BNKS^VDO IB@_HX JAYAM]GXARLE AQQGE\PJ]R@NHNINESZWXO@@nXWB\@UAYK[C]BNLQ3QIZCDYWVO

< _SX_W[@@HDCZ,E\PXWN	 &
PLVX]^NXIA\WKY@\@U	NI]IZ[WDO	nKOJ]\GHOA SX_SDOXIV\TNU@\N[[	ANK@ZSP]\@VQ
]YF@OD\XOISAO[=TOVPJ_QUQNZSJ\C@N<QV@P^V[ANE, ^RV]GIPO[^D\@Q1S]OVXT 7^NMHSSQUN@T R\[YRJ_Q^F@\I\[AIOA
=L\NXKCCZQRV]CLOA 	B@TSXU\RJQ_IGHOJNXGASSS[@QPVJWNVJKC[QXJ3AYK\_NLU_]]QVQ^+ XWA^\GHPOA
	1A_@@BC[XJVM]A_3FMQAYN
A8HQIZCFDF NVBKSU[I\_NPJW]ZNBG[Q3	RAC]C\@NLY @@BGYQ	CNVUJZ[WI\Q@SY_NXX@JSCDJHX HAYAJUKXARLE%TQNZTVONMKTSRJ@QjOVSHCCZ_V3 P[VB\AQEZZ\SI,B_QNF	&^QV@R^KJXIFX KFXTVO AYRAZ@_ANLP%
TBVRUJ]A@N[VBXBNLC	QXIQ_BBXTXARQACNG\@T^EDOZIV\TK[@\N[[ 
3LUXANQIYCE[HX	(AYH^C\@QB	,AGJ^K]@_[[QTSH_,]ERLJ
4E
VXWA\\EUA	NIXHZW WXANIE_]MT@@N 3_]Y]\SVQGJ^KY@@NJNINB[\WXO@@TAVRFITB\\G[OA 	@@TTQ_\RJQ_IR;	NMKSOAQVCU^TDO,UQNYVJ]A_@U,ER\\RI_IDDYW%\D]NMA	.EZOVSJCAGF@X@U[EISOA		@T_YTZRVQW; 	]UCRSSH@Q YER\XSVQ
][F@OCUYEISAO[ \]J^UWHCCIQ	ANVUJZVQI\Q@S\	7QIY_V XWB[\FJOA3LVZ]\SI_QW%		D[YRSI_@SPYV[2]VBQI/QAYH\C^]@MJWY[JAK[_VNVF@TVSI@Q	V7BQQ CDYHX	[YRWA@QPTJWNVKDE[QXJ	^UCAWRNZC\SNLC	SXIQ_ DBXTXAR<	QVCRBOVPMCBXQ
2NMHQSSH__NP2
@IBDXWAR^[GHP<RMUQV
@S=
QNYTJ_\N		AYUI^F_ARB	XIBRDCXHX
	<		BNKS^VDO IB@QHX JAYAM^CTARLE AQQGFX\J]R@NHNINEP^WXO@@nXWB\@UAYK[C]BNLQ3QIZCDYWVO

< _SX_W[@@HDC[ ,FXTXWN	 &
PLVX]^NXIE]WJXC\\[[QVBQZTXANE, \RV]GIROA		@TWXANQNJQBY@\\UUA^SXL _\]\RX_QPUXWRYTCISSAUN1GNXKC_IXVRVM]@]@U&NKS\WX\@@R+
CNVFISPUNA[AP[jV][NXQW; 	^UCRSSK@Q		LQQ^TTJC_IAXWB]ZGASOA
	1A]@@BC[ _VNVFLUOAQLE\Y_PJCQG_RVNCMPQSIN_N@YOV@NG@YCVDF3AC^C@S
]ZZ\PO_QC7OJ]^GIQVO[	
j	QXIB[@	DFHZ@\X(H[[ACQ	V7AQQ CDZHXNMHQVR@[C\]@ZNXHJJXCXJ(HNI]AR_EQIZ	KXJ	_UCAVWLZC\SNLC	PXIQ^FBXTXARRACNFXDT^EDO,PJ^K]\N[YQTI\G@SZ7@@BA[C@DF	&_QV@R^DO^UJCG4 KMJ^O

< ^SX_WZANQQ AC[RJ]@@N[V@\CSYKJ
4E
UXWA\\FUA	NKSVKJ@IQA\\B]@N@U^QVSWZ_X]NNXDEJ^XXDTTGIAOA.AJW]RVQIF_TJY\N<
NI]CR^SDO	nIOJ]\GJOAK[C\E=_QJW@R+
BNVFISQO[	SX_WQX^RJ_Q^F@_I_[GIOA
=L\NXKCCZQRV]OOOA 	B@TR[T^RJQ_IGHOJNYD@QSS[@QPVJWNWIJA[QXJ3AYH\_NLU_]\VVQ^+ XWA^\GIWOA
	1A_@@BC[XJVM]@X3FATAYN
A8HQIZCFDF NVFKPSUH\C@SBOVPCEFZ_V3 R[VB\ASB	XIBS_V_NM[VWQM\CN]@T^@@QF_GDXFVO RAY[YG^ER^KJ,
EVRUJARUCQTSIX_NE8	NXKAC[GXJ(JNI]AR]HKJ_[RJG,Z	GVRX
	<		ANKS^UDO	
QIZ ELYQJ]\NAC^KT@Q^E
,HYF@\@\][[ QV@ZZE @QQFGZ\J]R@NKNINDQ\WXO@@TBVRFO^BT\G[OA 3PER\\NXIACXTNAR	<
[VB^AR^KJ
4E
WXWA\\DOAQN\CX.SV ERNE, _RV]GIQOANKS___]\RVQFJ^HT@U]GUA	.EYOVSJCBGOJ]TBUA_SXL T^]\RX_QPVXWRY_AISSAUNEROYQLCC[_V/AYRI@Q@TPX]XNXA,F@\B\\GMOA
=L^NXKCCXL_VZSJ]D3]OKAY[	
j	PXIB[AXJRV]FKT[UI\_NPJW^ZHEA[Q3	RAC]C\@NLY @@BKYQ	CNVULQUWI\Q@SY_NXXFA]CDJHX HAYAL^EXARLE%TQNYTVONMKTSSM@QjOVSHCC[_V3 P[VB\AQEZZ\RN,BSQNF	&^QV@R^KJXIBZDL_TJAR AYKTF_FRB	,AEJ^K]@]@UNI]IQB	IQIIAM^TJO\NQ[VQYC[XWJAN QNJQHTF\\UUA ,]Y]@@QQDDXPVO&
AC]A\ARZE
,H[F@\@\_
UAQTI\G3@Z^]O	nHOJ]\GKOAQV@RVQ]]\NXTVRVMZAZ\[[3PVJW]RJB_I]XWAT\[[	@NK@[WX]\@VQ
]ZF@OE^\GISAO[ _]JX^RJCCIQ2[YRSUNSX\WXY@@nJ^K_@\\CUA	.E[OVSJC@QF_TJY/]TF[YA
	1A^@@BC[_V
OJ]]GARQSI@QGER_[[BKCG/RAYH\C]]@PNXKKBG^RVNBKPQSIN_N@ZOV@OA@YCVDF	F[YAVK_A\A@B=IEXHXNVENSSWUN1\JW]PJCC_Q3	PAC]C\BBU_]^W%BF^IJ(KNI]AR\E@@EK[CDXHX	[YQRJ[B\]@S=
 QNYTJ\\N AC]FY]@T_@@QG_CDXFVO QAY[XG\AR^KJBIQ@\TJ]@N@U
&@TWDOXIA\AADF3AYRK\C^DNLP%
T@VRUJ]C@UKTSRL3FUSX	,AFJ^K]@^@UACYATBR^EQI_CBXHX
	<		BNKS^VDO IFMDF	D[YARJ^K\A@B	HQII @FPTJO\NR[VQ]BPVWJAN4C F@_@@NAYQN\BY]@
G2XIBYCE]HX
	<		@NKS^TANPMCB^nFLJ^O

< ^SX_WZANQQCLYTJAR AYMYJ_ANLP%
TBVRUJ]A@N[VFT]@T_@@QBYEDXFVO QAY[]AUGR^KJBIQEZ]L]@N@U
&@TWDOXIA\BADF3AYRK\C]DNLP%
T@VRUJ]C@UKTSRL3F[SX	,AFJ^K]@^@UACXKTER^EQI_KEXHX
	<		BNKS^VDO IFCDF	D[YARKZG\A@B	HQII AB\TJO\NR[VQ]CTZWJAN4C F@_@@NAYQN\BY]@
G2XIBYCE]HX
	<		@NKS^TANPMCB^nFBJ^O

< ^SX_WZANQQEMZTJAR AYM_D\ANLP%
TBVRUJ]A@N[VFZ]@T_@@QBYADXFVO QAY[]A_CR^KJBIQEZWH]@N@U
&@TWDOXIA\BADF3AYRK\C]DNLP%
T@VRUJ]C@UKTSRL3FYSX	,AFJ^K]@^@UACXF\DR^EQI_EDXHX
	<		BNKS^VDO IFADF	D[YARK\C\A@B	HQII ADXTJO\NR[VQ]CR^WJAN4C F@_@@NAYQN\BY]@
G2XIBYCE]HX
	<		@NKS^TANPMCB^nF@J^O

< ^SX_WZANQQ@F[TJAR AYM]F]ANLP%
TBVRUJ]A@N[VFX]@T_@@QBZKDXFVO QAY[]BZIR^KJBIQEYRB]@N@U
&@TWDOXIA\BADF3AYRK\C]DNLP%
T@VRUJ]C@UKTSRL3F_SX	,AFJ^K]@^@UACXBXGR^EQI_GGXHX
	<		BNKS^VDO IFGDF	D[YARH_E\A@B	HQII BG^TJO\NR[VQ]@QXWJAN4C F@_@@NAYQN\BY]@
G2XIBYCE]HX
	<		@NKS^TANPMCB^nFFJ^O

< ^SX_WZANQQJC\TJAR AYJU@[ANLP%
TBVRUJ]A@N[VF^]@T_@@QBZGDXFVO QAY[]B\ER^KJBIQEYTN]@N@U
&@TWDOXIA\BADF3AYRK\C]DNLP%
T@VRUJ]C@UKTSRL3F]SX	,AFJ^K]@^@UAC_K\FR^EQIX	@FXHX
	<		BNKS^VDO IFEDF	D[YARI[A\A@B	HQII CCZTJO\NR[VQ]AU\WJAN4C F@_@@NAYQN\BY]@
G2XIBYCE]HX
	<		@NKS^TANPMCB^nFDJ^O

< ^SX_WZANQQE@]TJAR AYJ[ATANLP%
TBVRUJ]A@N[VF\]@T_@@QB[CDXFVO QAY[]CXAR^KJBIQEXPJ]@N@U
&@TWDOXIA\BADF3AYRK\C]DNLP%
T@VRUJ]C@UKTSRJ3B^B@TNE
,HZF@\@\^[[[V@X@RVWDOIB@]TJ]\N	 &
SLVX]]NXTVRUH^\NP[VQ_BUXWJANQNJWIZF\\UUA]SXLT_[\RX_Q^7NVEIOA
NI^FR_KJ	
,IEZTJ\C@N 3]]Y]\Q_QYCF];KX@NV[3PUJW]RJA_ITJ^L\DU[GIOASX\UX[\NXT 7]NMHSSRUN	]YX\NXDGJ^XYBX\GIAOAPLE\_XRJCQG\RVNCKWSSIN_N[8XIA[QF@_G\^BUA,@TUX]^WVQW; 	_UCRSSJ_NCU^R7\YSXIIT2KAYRI\A@SEER[^ULBC[QRV^GMPUSUN
A8KQIZCEDF	 UCRVRUNEROXPMAC[_V^NM[WQTK\CN]@T]@@QGYADXFVO&NI^ANL\JW^UJAFG%NVFKSSQL@Q	V7@QQ CD[VOB[\FK<R[NNISS3YIEXTHAR	[YRQJ\E]ARB	XIARFEXHX
	<		BNKS^VDO IBL_HX JAYALXAXARLE AQQF@ZPJ]R@NHNINDV\WXO@@nXWB\@UAYK[C]CNLQ3QIZCDYVVO

< _SX_W[@@HDC[,FXTXWN	 &
PLVX]^NXIE]WJXC\\[[QVBQZTXANE, \RV]GIROA		@TWXANQNJQBY@\\UUA^SXL _\]\RX_QPUXWRYTCISSAUN1GNXHC_IXVRVM]@[@U&NKS\WXZ@@R+
CNVFISPUNA[ARWjVZTNXQW; 	^UCRSSK@Q		LTQ\Y[JC_IAXWAYZOMSOA
	1A]@@BC[ _VNVFKZOAQLE[XZZJCQG_RVNDLU[SIN_N@YOV@IFESCVDF3AC^C@S
]ZZ\RC_QC7OJ]^GISZO[	
j	QXIB[@	DFHZ@\U(HQ[ACQ	V7AQQ CDZHXNMJ[Q[I\C@SBOVSOGKX_V3 R[VB\ASB	XIBY	_V_NM[PVPO\CN]@T^@@Q@^EDXFVO RAY[_F_GR^KJ,
EVRVJARUCQTSIU_NE8	NXKAC[JXJ(JNI]AR]HKJ_[RJJ,ZFVRX
	<		ANKS^UDO	
QIXDG[TJAR AYHXKTHRB	,AEJ^K]@]@UNI]CWB	IQIIG@XTJO\NQ[VQ_EV^WJAN QNJWNY@\\UUA ,]Z]@@QQDDX]VO&
AC]A\ARWE
,H[F@\@\_
UAQTI\J3@PZ]O	nHOJ]\GKOAQVBVWTX]@@
CQNYPLTD\@U,ER\\RK_QTF@\BX@U_QVSQZ_X]NNXDFJ^X^D\TGIAOASLE[Y\ZJCQG
%	UCQSO[NKPYWQAN4XVRUH]@\U[[3PTJW]RJ@GACXTC2A^[UCA
=L_NXKCCYQXWC[XFOSSO[LV]_TVJ_QW%		F[YRSI]_NPJW]PM_QPWXWR_YGMSSAUNERO_WJGC[_V]NM[PVSM\CN]@Z2QQCXJOJ^[GIZOA.
]Y_\RJJ_IT2JAYRI\@]@\WXT3SHEQQJQ3	QAC]C\CNLPOVQLFE\CXJNMHVS[O\_NP2
BIBDXUVO	AYRKZ_N@[OV@IGDYCVDF	E[YAPM[A\A@B	KQIIGCZTJO\N<NKP^E	NXHDC[_V/UCRQSI\J@SS3XIEXTI\N^@ISZ<H^BNKLP%
TAVRUJ]B@NAYJ^FXCR^EQIZBE^TVO

< ]SX_WYANIEZUVO PAY[_@]CR^KJAIQG[UH]@N@U]QVSQ]UX]NNX_,	OJ^\[[
AC^D\A[B=QQ ADXTCAR	
 <	B@TWX^NXAD[J+YVJOJN 3\]Y]\PVQAQN[UMUA\\[[QV@QWQXANE, \RV]GIROA		@TUXANQNJWHU@\\UUA^SXLUP]\RX_QPUXWR_^OISSAUN1GNXHC_IXVRVM]@U@U&NKS\WXT@@R+
CNVFISPUNA[ARWjVZ^NXQW; 	^UCRSSK@Q		LT\\\ZJC_IAXWAXYGISOA
	1A]@@BC[ _VNVFKPOAQLE[^[TJCQG_RVNDJTUSIN_N@YOV@I@D]CVDF3AC^C@S
]ZZ\RC_QC7OJ]^GISZO[	
j	QXIB[@	DFHZ@\U(HQQACQ	V7AQQ CDZHXNMJPPRA\C@SBOVSN@C\_V3 R[VB\ASB	XIBY_V_NM[PPWM\CN]@T^@@Q@XGDXFVO RAY[_@XER^KJ,
EVRVJARUCQTSIU_NE8	NXKAC[JXJ(JNI]AR]HKJ_[RKA,ZCVRX
	<		ANKS^UDO	
QI_CA[TJAR AYHYKTGRB	,AEJ^K]@]@UNI]BRB	IQIIEDXTJO\NQ[VQ_GR^WJAN QNJWL]@\\UUA ,]Z]@@QQDDYVVO&
AC]A\AS\E
,H[F@\@\_
UAQTI\A3@[]]O	nHOJ]\GKOAQV@QX^\]\NXTVRWK^FZ\[[3PVJW]RJB_I]XWAU_[[	@NK@[V^]\@VQ
]ZF@OEZ]AISAO[ _]JXZSLCCIQ2[YRSUNSX\WX_@@nJ^K_@\\EUA	.E[OVSJC@QF_TJ_/]UE[YA
	1A^@@BC[_V
OJ]_CIRTSI@QGER^]RMDCG/RAYH\C]]@PNXKJAG^RVNBL[WSIN_N@ZOV@OFK_CVDF	F[YAVLTG\A@B=IEXHXNVENSSQUN1\JW]PJCCYQ3	PAC]C\BBU_]\P%BJZIJ(KNI]AR\E@@B@ZEMXTVO AYPI[KUANLP%
TBVRUJ]A@N[VBU@NLC	QXIQ^FFXTXARQACNFYDP^EDOZIV]QO_@\N[[ 
3LVXANQIYCDZHX	(AYH^C\APB	,AGJ^K]@_[[QTSI^,]HRLJ
4E
VXWA\\EUA	NI]C[[ WX]@@
CQN[TO]B\@U,ER\\RK_QTF@\I\@U_QVSW[WX]NNXDFJ^XXE^\GIAOASLE]X^RJCQG
%	UCRSO[NKPYWZAN4XVRUH]@\^[[3PTJW]RJ@GACXTK2DUNMA	.EZOVSJCAGF@^DTTGIOASX]U]]@@R+
ANVFISRO[ LSQANQNJUJ]H\\UUA^SXLWXU\RX_QPUXWR]\GASSAUN1GNXKC_IXVRVM]@]@U&NKS\WX\@@R+
CNVFISPUNA[AR_jSPOVXT 7^NMHSSQUN@TT[X\RVQFJ^IXB_\[[3PVJW]RJB_I]XWDT@U_QVS[YWXO@@TAVRFCZF\\UUA]SXLP^]\@VQX+RV]GUA
[VA[AR_E%IBFXTJ\\N	 &
QLVX]_VQA\CF7UCXRVU,ER\\RH_QIVRUN]I_YGIOASX]^\T\NXT 7]NMHSSRUN	]YTYNXDGJ^XXFT\GIAOAPLE][TRJCQG\RVNBO[SSIN_N[8XIB[QF@_G\\EUA,@TUX]\PVQW; 	_UCRSSJ_NCU^U7\UVXIIT2KAYRI\A@SEER\_ZLCC[_VNVDHUVTI@Q	V7BQQ CDYHX	[YRZM@QPTJWNWLGK[QXJ	^UCAVUMTC\SNLC	SXIQ^GLXTXAR<	QV@RBOVPMCCYQ
2NMHQSSI^_NP2
@IBDXWAR^[GIR<WLNISS3YIEXTHAR	[YQZI^C\]@ZNXIAA__V3 R[VB\ASB	XIG^Q	CNVUA[SSIN_N@ZOV@BKC[QXJ	]UCA[[I\CN]@Z2QQ CXJOJ^[GIROA.
]Y_\RJB_IT2JAYRI\@]@\WX\3VNQI/QAYH\C^]@MJW^ULEC[QRV_FKTSO[	
j	SXIB[BXJ NMMWOAQLEPYTRJQ_IGHOJNTCASSAUNEROTVBCCIQ2[YRSUNSX\WX\@@nJ^K_@\\FUA	.E[OVSJC@QF_TJ\/X[UCA
=L_NXKCCYQXWC]TAISOA		@TSZ_\NXT 7]NMHSSRUN	]\Z@@T@VRFCYD\\UUA^SXLS\]\@VQ
]YF@OIXXGIAOA.AJW]RVQIF_TJ\\N<
NI]CR^VDO	nIOJ]\GJOAK[C\@=ZERNE, _RV]GIQOANKQ^UX]@@
CQN[WH_@@N 3_]Y]\SVQGJ^N[\NP[VQU@P^EDOYIVQUH]@N@U]QVS[_WXO@@nXWA\@UAYK[C\@NLQ3QIZCDXUVO

< _SX_W[@@HDC[ ,@YF@R	
 <	C@TWX_@@IAGPVJ]\NAC^KXCRB	,AEJ^K]@]@UNIX@NLC	QXIQ\ADXFVO QAY[[F^ARLE BQQDAZTJO\N<NKS^E	NXHDC[ _V/UCRQSI\B@SS3XIEXTI\N^@ISR<M\QV
@S=
QNYTJ_\N		AYQKZ@\ANLE@@AD_CXJ(HNI]AR_EQI__V_NM[TQSI\Q@SY_NXXDA[CVDF	F[YATK\C\SNLV3IBDDF	RV^@ISRO[=QER\^RJCBG/PAYH\C_NLPX]]=N@QQJQ3	QAC]C\CNLPOVPL@G[_VNVDIPRSUN
A8KQIZCEDF	 UCWPO[ ]]JU]TJCQG_RVNOHUSS[@QPVJWNZKEC[_V/AYRI@Q@TPX]]NXA,F@\B\\GHOA
=L^NXKCCXL_VZSJ]A3XE[YA
	1A^@@BC[_V
OJ^YGOSSO[LUQ^ZRVQW; 	]UCRSSH@Q YERY^NXDGJ^XZHX\G[OA 	C@TPPY\RX_QPUXWR[TCISAO[=TOVSJ_QUQNZSJ]A@N<QV@P^WYANE, ^RV]GIPO[^D\@T1^]OVXT 7^NMHSSQUN@TSXT_WJC_IAXWC]UC@SOA
	1A]@@BC[ _VNVF@VOAQLE][TRJCQG_RVNBO[SSIN_N@YOV@OEK[CVDF3AC^C@S
]ZZ\SL_QC7OJ]^GIRUO[	
j	QXIB[@	DFHZ@\^(HTZACQ	V7AQQ CDZHXNMHSUZMXC\]@ZNXHDG_CXJ(HNI]AR_EQIZJXJ	_UCAVROTC\SNLC	PXIQ^ ELXTXARRACNF]GZ^EDO,PJ^K]\N[YQTI\A@SZ7@@BA[CFDF	&_QV@R^DO^UJCA4 DLJ^O

< ^SX_WZANQQ CAXPB]@@N[VA[@UXKJ
4E
UXWA\\FUA	NKSYKJ@IQAYWL]@N@U^QVSW_QX]NNXDEJ^XXA_ZGIAOA.AJW]RVQIF_TJ_\N<
NI]CR^UDO	nIOJ]\GJOAK[C\C=_VJW@R+
BNVFISQO[	SXWS__\RVQFJ^HXC_]GUA	.EYOVSJCBGOJ][FUA_SXL^Y_\RX_QPVXWRXUFKSSAUNEROX[KAC[_V/AYRI@Q@TPX]^NXA,F@\B\\GKOA
=L^NXKCCXL_VZSJ]B3]@IAY[	
j	PXIB[AXJRVUGNTWSI@QGER_YRM@CG/RAYH\C]]@PNXKDCG^RVNCA[SSIN_N@ZOV@NKK[CVDF	F[YAWATC\A@B=IEXHXNVENSSQUN1\JW]PJCCYQ3	PAC]C\BBU_]\P%BDXIJ(KNI]AR\E@@JFRADXHX	[YQVAYB\]@S=
 QNYTJ\\N AC]D_]@T_@@QGREDXFVO QAY[XJ[GR^KJBIQ@QSL]@N@U
&@TWDOXIA\CFDF3AYRK\C\CNLP%
T@VRUJ]C@UKTSSK3B[C@TNE
,HZF@\@\^[[[VJX@[[WDOIAA]]J]\N	 &
SLVX]]NXTVRUM_\NP[VQXHVZWJANQNJPCYD\\UUA]SXL^\Y\RX_Q^7NVFIOA
NI^FR^KJ	
,IEZTJ]B@N 3]]Y]\Q_QYCDZ;KZENV[3PUJW]RJA_ITJ^CTE]\GIOASX\T_Z\NXT 7]NMHSSRUN	]YZYNXDGJ^XX@X\GIAOAPLE]]XRJCQG\RVNBIWSSIN_N[8XIB[QF@_G\\EUA,@TUX]\PVQW; 	_UCRSSJ_NCU^U7\[VXIIT2KAYRI\A@SEERT[UKGC[QRV^AHRPSUN
A8KQIZCEDF	 UCRTWUNEROYRJKC[_V^NM[VSSA\CN]@T]@@QF[KDXFVO&NI]ANL\JW^UJCAG%NVFKSSSK@Q	V7@QQ CD[VOB[\GK<RTNNISS3YIEXTHAR	[YRSJ]D[ARB	XIA]CLXHX
	<		BNKS^VDO IBC_HX JAYAL]CXARLE AQQFEXPJ]R@NHNINDS^WXO@@nXWA\@UAYK[C\CNLQ3QIZCDXVVO

< _SX_W[@@HDC[,E_RXWN	 &
PLVX]^NXIEXUI^A\\[[QVCTXUXANE, \RV]GIROA		@TP^ANQNJQJZB\\UUA^SXL W__\RX_QPUXWRY\@KSSAUN1GNXKC_IXVRVM]@^@U&NKS\WX_@@R+
CNVFISPUNA[AS\j^^OVXT 7^NMHSSQUN@TPZXURJ_Q^F@TGXZGUA	.EYOVSJCBGOJUZ[[	@NK@\ VZ]\@VQ
]ZF@OBY]EISAO[ _]J_YSHCCIQ2[YQSUNSX\WY_@@nJ^K_@\]EUA	.E[OVSJC@QF_TK^/YYUCA
=L_NXKCCYQXWDY\BISOA		@TU^]\NXT 7]NMHSSRUN	]]X@@T@VRFK_@\\G[OA 	C@TVZ]\RJQ_IGKOJN]EISSS[@Q j		@@ACGJ^HZ@]_[[	3SX_WX\_NXT 7_NMHSSP@Q^FR_8]YNXQW; 	^UCRSSK@Q		LS[__RJ_Q^F@YAY]GUA	.EYOVSJCBGOJYX[[	@NK@_QP]\@VQ
]ZF@OA]ZOISAO[ _]J\]TBCCIQ2[YQSUNSX\WY^@@nJ^K_@\]DUA	.E[OVSJC@QF_TK^/Y[UCA
=L_NXKCCYQXWDTTCISOA		@TSP\\NXT 7]NMHSSRUN	]]Z@@T@VRFK_FX\G[OA 	C@TVZ[XRJQ_IGKOJN]EOWSS[@Q j		@@ACGJ^HZ@]_[[	3SX_WX\_NXT 7_NMHSSP@Q^FR_8][NXQW; 	^UCRSSK@Q		LS^T^RJ_Q^F@YC[\GUA	.EYOVSJCBGOJYZ[[	@NK@_TZ]\@VQ
]ZF@OA^_EISAO[ _]J\^QHCCIQ2[YQSUNSX\WY^@@nJ^K_@\]DUA	.E[OVSJC@QF_TK^/Y]UCA
=L_NXKCCYQXWCT\@ISOA		@T_[_\NXT 7]NMHSSRUN	]]\@@T@VRFK]G^\G[OA 	C@TVXZ^RJQ_IGKOJN]GNQSS[@Q j		@@ACGJ^HZ@]_[[	3SX_WX\_NXT 7_NMHSSP@Q^FR_8]]NXQW; 	^UCRSSK@Q		LT^YYRJ_Q^F@^G^TGUA	.EYOVSJCBGOJY\[[	@NK@_SX]\@VQ
]ZF@OA\XGISAO[ _]J\\VJCCIQ2[YQSUNSX\WY^@@nJ^K_@\]DUA	.E[OVSJC@QF_TK^/Y_UCA
=L_NXKCCYQXWD]XAISOA		@TW\^\NXT 7]NMHSSRUN	]]^@@T@VRFK\CZ\G[OA 	C@TVY^ZRJQ_IGKOJN]FJUSS[@Q j		@@ACGJ^HZ@]_[[	3SX_WX\_NXT 7_NMHSSP@Q^FR_8]_NXQW; 	^UCRSSK@Q		LTQZXRJ_Q^F@^I_[GUA	.EYOVSJCBGOJY^[[	@NK@_W\]\@VQ
]ZF@OA]\CISAO[ _]J\]RNCCIQ2[YQSUNSX\WY^@@nJ^K_@\]DUA	.E[OVSJC@QF_TK^/YUUCA
=L_NXKCCYQXWE^TDISOA		@TPX[\NXT 7]NMHSSRUN	]]T@@T@VRFK^BT\G[OA 	C@TV[_TRJQ_IGKOJN]DK[SS[@Q j		@@ACGJ^HZ@]_[[	3SX_WX\_NXT 7_NMHSSP@Q^FR_8]UNXQW; 	^UCRSSK@Q		LRXU]RJ_Q^F@YEU_GUA	.EYOVSJCBGOJYT[[	@NK@_^^]\@VQ
]ZF@OA^UAISAO[ _]J\^[LCCIQ2[YQSUNSX\WY^@@nJ^K_@\]DUA	.E[OVSJC@QF_TKX/_UUCA
=L_NXKCCYQXWB]XOISOA		@TQ]Z\NXT 7]NMHSSRUN	][T@@T@VRFLUH\\UUA^SXL_P]\@VQ
]YF@OFTTGIAOA.AJW^RVQIF_TKX\N<
NI]CR^RDO	nIOJ]\GJOAK[C\I=YERNE, _RV]GIQOANK[V^X]@@
CQN^]O]@@N 3_]Y]\SVQGJ^MZ\NP[VQ]HRZWJANQNJUC]D\\UUA]SXL^XY\RX_Q^7NVEIOA
NI^FR^KJ	
,IEZTJ]H@N 3]]Y]\Q_QYCDP;M[RVU,ER\\RH_QIVR]OUI\\[[QVGZ_ WDO	nKOJ]\GHOA SXYKJ@IQEPSH]@N@U^QVSSVUX]NNXDEJ^X\H[^GIAOA.AJW^RVQIF_TJU\N<
NI]CR^_DO	nIOJ]\GJOAK[C\I=Y ERNE, _RV]GIQOANK[\QX]@@
CQN^RB\@@N 3_]Y]\SVQGJ^MX\NP[VQ]IV^WJANQNJUBY@\\UUA]SXL_\]\RX_Q^7NVEIOA
NI^FR^KJ	
,IEZTJ]H@N 3]]Y]\Q_QYCDP;MYRVU,ER\\RH_QIVR\CT@\\[[QVGWZWDO	nKOJ]\GHOA SXYKJ@IQEPTB]@N@U^QVSSV_X]NNXDEJ^X\H\TGIAOA.AJW^RVQIF_TJU\N<
NI]CR^_DO	nIOJ]\GJOAK[C\I=YERNE, _RV]GIQOANKZYWX]@@
CQN^PKU@@N 3_]Y]\SVQGJ^M^\NP[VQ]FUXWJANQNJUMZF\\UUA]SXLP_[\RX_Q^7NVEIOA
NI^FR^KJ	
,IEZTJ]H@N 3]]Y]\Q_QYCDP;M_RVU,ER\\RH_QIVR\N\G\\[[QVGPVWDO	nKOJ]\GHOA SXYKJ@IQE_PN]@N@U^QVSSYSX]NNXDEJ^X\GXXGIAOA.AJW^RVQIF_TJU\N<
NI]CR^_DO	nIOJ]\GJOAK[C\I=YERNE, _RV]GIQOANKZ_WX]@@
CQN^UOT@@N 3_]Y]\SVQGJ^M\\NP[VQ]FS\WJANQNJUM\B\\UUA]SXLPY_\RX_Q^7NVEIOA
NI^FR^KJ	
,IEZTJ]H@N 3]]Y]\Q_QYCDP;M]RVU,ER\\RH_QIVRSBZ@\\[[QVGR]WDO	nKOJ]\GHOA SXYKJ@IQE^\J]@N@U^QVSSXWX]NNXDEJ^X\FT\GIAOA.AJW^RVQIF_TJU\N<
NI]CR^_DO	nIOJ]\GJOAK[C\I=YERNE, _RV]GIQOANKS^ TP]\NXTVRSH_C\@U,ER\\RK_QTF@ZI@NJNIN@[XWXO@@TAVRFKTFT\G[OA 	@@TVQ[TRJQ_IR;	NMKSOAQVCU^_DO,UQNYVJ]@T@U,ER\\RI_IDDX\%ZHNV[3PUJW]RJA_ITJ^K]B]YGIOASXY_^]@@R+
ANVFISRO[ LPPANQNJUC^F\\UUA^SXL^[[\RX_QPUXWR]UDOSSAUN1GNXHC_IXVRVM]@T@U&NKS\WXU@@R+
CNVFISPUNA[AS\j^\OVXT 7^NMHSSQUN@TQ[^YRJ_Q^F@TD_]GUA	.EYOVSJCBGOJUX[[	@NK@\SP]\@VQ
]ZF@OBXXOISAO[ _]J_XVBCCIQ2[YQSUNSX\WY_@@nJ^K_@\]EUA	.E[OVSJC@QF_TJT/Y^UCA
=L_NXKCCYQXWCU[CISOA		@T^[Z\NXT 7]NMHSSRUN	]]_@@T@VRFK\@X\G[OA 	C@TVY]XRJQ_IGKOJN]FIWSS[@Q j		@@ACGJ^HZ@\U[[	3SX_WX]UNXT 7_NMHSSP@Q^FR^8]^NXQW; 	^UCRSSK@Q		LSYYZRJ_Q^F@Y@X_GUA	.EYOVSJCBGOJY_[[	@NK@_T^]\@VQ
]ZF@OA]_AISAO[ _]J\]QLCCIQ2[YQSUNSX\WXT@@nJ^K_@\\NUA	.E[OVSJC@QF_TJT/Y\UCA
=L_NXKCCYQXWCZXBISOA		@TPZU\NXT 7]NMHSSRUN	]]]@@T@VRFK]D\\G[OA 	C@TVXY\RJQ_IGKOJN]GMSSS[@Q j		@@ACGJ^HZ@\U[[	3SX_WX]UNXT 7_NMHSSP@Q^FR^8]\NXQW; 	^UCRSSK@Q		LTP][RJ_Q^F@^H_^GUA	.EYOVSJCBGOJY][[	@NK@_PZ]\@VQ
]ZF@OA\[EISAO[ _]J\\UHCCIQ2[YQSUNSX\WXT@@nJ^K_@\\NUA	.E[OVSJC@QF_TJT/YZUCA
=L_NXKCCYQXWDZUEISOA		@TT_]\NXT 7]NMHSSRUN	]][@@T@VRFK_C^\G[OA 	C@TVZ^^RJQ_IGKOJN]EJQSS[@Q j		@@ACGJ^HZ@\U[[	3SX_WX]UNXT 7_NMHSSP@Q^FR^8]ZNXQW; 	^UCRSSK@Q		LSPUXRJ_Q^F@YDT]GUA	.EYOVSJCBGOJY[[[	@NK@_Q\]\@VQ
]ZF@OA^ZCISAO[ _]J\^TNCCIQ2[YQSUNSX\WXT@@nJ^K_@\\NUA	.E[OVSJC@QF_TJT/YXUCA
=L_NXKCCYQXWD_^DISOA		@TV]\\NXT 7]NMHSSRUN	]]Y@@T@VRFK\FT\G[OA 	C@TVY[TRJQ_IGKOJN]FO[SS[@Q j		@@ACGJ^HZ@\U[[	3SX_WX]UNXT 7_NMHSSP@Q^FR^8]XNXQW; 	^UCRSSK@Q		LS]]YRJ_Q^F@YBZ\GUA	.EYOVSJCBGOJYY[[	@NK@_WX]\@VQ
]ZF@OA^\GISAO[ _]J\^RJCCIQ2[YQSUNSX\WXT@@nJ^K_@\\NUA	.E[OVSJC@QF_TK[/TYUCA
=L_NXKCCYQXWA^ZDJSSO[L_XZ_RVQW; 	]UCRSSH@Q YERUYNXDGJ^X_AZ\GIAOAPLEZ\ZRJCQG\RVNEHUSSIN_N[8XIA[QF@_G\]AUA,@TUX]]TVQW; 	_UCRSSJ_NCU^Q7UX@@QW%		E[YRSI^_N]Y_^TNCCGOJ[UEASOA
	1A]@@BC[ _VNVOMOA 	B@TUY_TRJQ_IGHOJN^FK[SS[@QPVJWNPKAK[QXJ3AYK\_NLU_]]TVQ^+ XWA^\GHUOA
	1A_@@BC[XJVM]@U3BAAY[	
j	PXIB[AXJRVYGARSSUN]\XUQJ_QW%		F[YRSI]_NPJWYZVQ
][F@OA^UAISAO[ \]J\^[LCCIQ	ANVUHQZUI\Q@S\	7QIY_V XWB[\G@OA3LVZ]\RC_QW%		D[YRSI_@SPYWQ2Y[XIIT2KAYRI\A@SEERX^ZICCGOJX[GOSOA
	1A]@@BC[ _VNVB@OA 	B@TV[_TRJQ_IGHOJN]DK[SS[@QPVJWNSIAK[QXJ3AYK\_NLU_]\[VQ^+ XWA^\GIZOA
	1A_@@BC[XJVM]AZ3OHAY[	
j	PXIB[AXJRV]FKSVSI@QGERZYRHC_IT2HAYRI\B@SCOVZK_QPWXWR^\DKSSAUNERO^RIAC[_V]NM[QSPK\CN]@Z2QQCXJOJ^[GHUOA.
]Y_\RKE_IT2JAYRI\@]@\WY[3ZJQI/QAYH\C^]@MJW]RBEK[_VNV@JUQSUN
A8KQIZCEDF	 UC[SO[ ]]J_\RJCCIQ	BNVUKSSSI\Q@SY\NXXAC[CDJHX([VA\]@QER_[RKE_IU;	RV]EISRUUN
A8IQIZCGHX_G\]A&[PACQ	V7AQQ CDZHXNMHRZSJ\C@SBOVUMKF[Q3	RAC]C\@NLY @@K@G^RVNEIZUSIN_N@ZOV@HCJ]CVDF	F[YAQIUE\A@B=IFXHXNVENSRUUN1\JW]PJCB]Q3	PAC]C\BBU_]]T%KAIV3 Q[VB\APBNXKBF^CDDF
	UCTUWJ\_NP2
BIBDXUVO	AY[K@QPTJWNPJEG[QXJ	^UCAQSOXC\SNLC	SXIQYE@XTXAR<	QVCRBOVPMCB]Q
2NMHQSSHZ_NP2
@IBDXWAR^[GHU<RA[QV
@S=
QNYTJ_\N		AYRK_CZ@R^EQIYEAYTVO

< ]SX_WYANIEPSVO PAY[YG^ER^KJAIQA\VN]@N@U]QVSWZSX]NNX_,	OJ^\[[
AC^D\@TB=QQ ADXULAR	
 <	B@TWX^NXAD[ E+Y\LOJN 3\]Y]\PVQAQNYVJTE^\GUA	NKPWPX]@@R+
ANVFISRO[ LVP[@@T@VRFO^I^\G[OA 	C@TR[T^RJQ_IGKOJNYD@QSS[@Q j		@@ACGJ^HZ@]Z[[	3SX_WX\ZNXT 7_NMHSSP@Q^FR_8YUY@@QW%		E[YRSI^_N]Y\TZMCC[QRV^NIZRSUN
A8KQIZCEDF	 UCR[VUNEROYQLCC[_V^NM[VPUI\CN]@T]@@QFXCDXFVO&NI^ANL\JW^UJBEG%NVFKSSRO@Q	V7@QQ CD[VOB[\FO<R[MNISS3YIEXTHAR	[YRROTBYARB	XIAS	BGXHX
	<		BNKS^VDO IBL\HX JAYAL_ATARLE AQQFGZ\J]R@NHNINDQ\WXO@@nXWB\@UAYK[C]GNLQ3QIZCDYRVO

< _SX_W[@@HDCZ,EZRXWN	 &
PLVX]^NXIG^QLZ@\@U	NI]DRVWDO	nKOJ]\GHOA SX_QDOXIV[PM_@\N[[	ANK@]PZ]\@VQ
]YF@OCX[EISAO[=TOVPJ_QUQNZSJ\B@N<QV@P^VZANE, ^RV]GIPO[^D\@T1_[OVXT 7^NMHSSQUN@TV\ZTUJC_IAXWBTYDNSOA
	1A]@@BC[ _VNVFAPOAQLE]_UTJCQG_RVNBKZUSIN_N@YOV@OAJ]CVDF3AC^C@S
]ZZ\SL_QC7OJ]^GIRUO[	
j	QXIB[@	DFHZ@]Y(JWAYN
A8HQIZCFDF NVFOQWSI@QGER_^SMC_IT2HAYRI\B@SCOVQN_QPWXWRY^OISAO[ \]JX^ZJCQG\RVNBK[SS[@Q j		@@ACGJ^HZ@]Y[[	3SX_WX\YNXT 7_NMHSSP@Q^FR_ 8[ZNXQW; 	^UCRSSK@Q		LVQ_TRJ_Q^F@_D[TGUA	.EYOVSJCBGOJ_[[[	@NK@XSX]NNXDFJ^X[BX\G[OA 	@@TQZY\RX_Q^7NVEIOA
NI^FR_ KJ	
,IEZTJ\E@N 3]]Y]\Q_QYCE^;BTRVU,ER\\RH_QIVRUN\I]\GUA	NKZXSXANE, \RV]GIROA		@T^DOXIVZVBU@\N[[	ANK@\_P]\@VQ
]YF@OB^TOISAO[=TOVPJ_QUQNZSJ\F@N<QV@P^V^ANE, ^RV]GIPO[^D\@W1QJW@R+
BNVFISQO[	SX_U[]\NXTVRVIT@\@U,ER\\RK_QTF@^F@NJNIND[\WJANQNJQC_@\N[[	BNK@[UX]NNX_,	OJ^\[[
AC^D\@WB=QQ ADXUOAR	
 <	B@TWX^NXAD[ E+P\XWN	 &
PLVX]^NXIE[SBT@\@U	NITDSZKJ
4E
UXWA\\FUA	NKZVE @QQAF]RJ]R@NKNINCP[WXO@@TBVRFH_EZ\G[OA 3PER_\NXIACXULAR	<
[VB^AR_KJ
4E
WXWA\\DOAQN\B^.ZW]O	nHOJ]\GKOAQV@V_VX]@@
CQNPRLY@@N 3_]Y]\SVQGJ^BT\NP[VQ^CZVWJANQNJVHUH\\UUA]SXLUPU\RX_Q^7NVEIOA
NI^FR_KJ	
,IEZTJ\B@N 3]]Y]\Q_QYCEZ;BURVU,ER\\RH_QIVRUIZHU\GUA	NKZ[SXANE, \RV]GIROA		@T_DOXIVZVO[@\N[[	ANK@\R^]\@VQ
]YF@OB^YAISAO[=TOVPJ_QUQNZSJ\B@N<QV@P^VZANE, ^RV]GIPO[^D\@W1WXOVXT 7^NMHSSQUN@TR[]YQJC_IAXWC_XDJSOA
	1A]@@BC[ _VNVEISOAQLE]UXRJCQG_RVNBAWSSIN_N@YOV@OKG[CVDF3AC^C@S
]ZZ\SO_QC7OJ]^GIRVO[	
j	QXIB[@	DFHZ@]^(ARAYN
A8HQIZCFDF NVFHQSVI\_NPJW[WJACG/RAYH\C]]@PNXBB_IGIOJN^GJQSS[@QPUJWNPJ@A[QXJ	]UCAQSJ^C\SNLV3IADDF	RV^@IRQO[=QER\^RJBAG/PAYH\C_NLPX\^=BCQQJQ3	QAC]C\CNLPOVSJKESCXJNMNPUQI@Q	V7BQQ CDYHX	[Y[SUNERO^RJCC[_V^NM[QSSI\CN]@T]@@QA[CDXFVO&NI^ANL\JW^UJBAG%NVFKSSRK@Q	V7@QQ CD[VOB[\FK<[P[VNP2
AIBDXVVOUCRRZI_C\]@ZNXMDK^_V3 R[VB\ASB	XIKXQ	CNVUKSZUI\Q@SY_NXXACRCDJHX HAYAK\JZARLE%TQNZTVONMKTSRK@QjOVSHCCZ_V3 P[VB\AQEZZ\SH,KYIJ(KNI]AR\E@@BB^CDXHX	[YTUM_C@SS3ZIEXTKAR 	AYA^_N@[OV@HCE_CVDF	E[YAQIZG\A@B	KQIICB\TJO\N<NKP^E	NXHDCZ_V/UCRQSI]A@SS3XIEXTI\N^@IRQ<AYQV
@S=
QNYTJ_\N		AYRKZ@_ARB	XIK[@DDF	&]QV@R^KJ	QQ	FXJ	_UCAQRO\C\SNLC	PXIQY EDXTXARRACNA]GR^EDO,PJ^H]\N[YQTI]A@SZ7@@BA[BFDF	&_QV@R^DO^UJBA4	GVRX
	<		ANKS^UDO	
QIZAB\TJAR AYNUATANLP%
TBVRUJ]A@N[VKX]@T_@@QAZKDXFVO QAY[^B^IR^KJBIQFYVB]@N@U
&@TWDOXIA\BFDF3AYRK\C]CNLP%
T@VRUJ]C@UKTSRK3K[SX	,AFJ^K]@^@UAC]@_HW^KJQQ	@B^TVO

< ]SX_WYANIL_HX JAYAK^AXARLE AQQAFZPJ]R@NHNINCP\WXO@@nXWB\@UAYK[C]CNLQ3QIZCDYVVO

< _SX_W[@@HDCZ,L^F@R	
 <	C@TWX_@@IBGXUJ]@@N[VK^@[^E
,HYF@\@\][[ QVITB	IQIIBMZTJO\NQ[VQ^@[\WJAN QNJVKTB\\UUA ,]Z]@@QQDDYVVO&
AC]A\AS\E
,H[F@\@\_
UAQTI]E3IULJ
4E
VXWA\\EUA	NI]BQW WXANIL[RL]\N	 &
SLVX]]NXTVR\MARPACNA^CV^EDOYIVZVHY@\N[[	BNK@\U\]\@VQX+RV^GUA
[VA[ASXE%IBFXTK[\N	 &
QLVX]_VQA\BB7\LOJN 3\]Y]\PVQAQNYWJ\@\\[[QVIP_WDO	nKOJ]\GHOA SXVKJ@IQFY]H]@N@U^QVSP_UX]NNXDEJ^X_AU^GIAOA.AJW^RVQIF_TK[\N<
NI]CR^QDO	nIOJ]\GJOAK[C\I=_ ^JW@R+
BNVFISQO[	SXYQXZ\RVQFJ^H_C^[GUA	.EYOVSJCBGOJ]YNUA_SXLRZU\RX_QPVXWRXYEASSAUNEROXWHKC[_V/AYQI@Q@TPX]TNXA,F@\B\\GAOA
=L^NXKCCXL_VZSJ]H3]BAAY[	
j	PXIB[AXJRV[EHTZSI@QGER_^RBECG/RAYH\C]]@PNXKFKG^RVNCMZUSIN_N@ZOV@NGJ]CVDF	F[YAWMUE\A@B=IFXHXNVENSS[UN1\JW]PJCCSQ3	PAC]C\BBU_]]S%BFRIJ(KNI]AR\E@@D@]DDXHX	[YQQJ^D\]@S=
 QNYTJ\\N AC]FU]@T_@@QG^KDXFVO QAY[XF^IR^KJBIQ@]VB]@N@U
&@TWDOXIA\BEDF3AYRK\C]@NLP%
T@VRUJ]C@UKTSRH3BYI@TNE
,HZF@\@\^[[[VD^@UWWDOIAFX\L]\N	 &
SLVX]]NXTVRUOU\NP[VQXE[XWJANQNJPNTF\\UUA]SXLSQ[\RX_Q^7NVEIOA
NI^FR_KJ	
,IEZTJ\A@N 3]]Y]\Q_QYCDP;KXENV[3PUJW]RJA_ITJ^LU@^\GIOASX\T_\\NXT 7]NMHSSRUN	]YXYNXDGJ^XYD\\GIAOAPLE\Y\RJCQG\RVNCMSSSIN_N[8XIA[QF@_G\\OUA,@TUX]\ZVQW; 	_UCRSSJ_NCU^_7\YVXIIT2KAYRI\A@SEER[ZTMFC[QRV^FHPVSUN
A8KQIZCEDF	 UCRVWUNEROXQLKC[_V^NM[WPUA\CN]@T]@@QGXKDXFVO&NI^ANL\JW^UJCKG%NVFKSSSA@Q	V7@QQ CD[VOB[\GA<RVNNISS3YIEXTHAR	[YTSN[A\ANLE@@ABSEDDF	&]QV@R^KJ	QQ FCDF	D[YAWMZG\A@B	HQIIGB\TJO\NR[VQXETZWJAN4C F@_@@NAYQN\CT]@
G2XIBYCDPHX
	<		@NKS^TANPMCCSnBA^F@R	
 <	C@TWX_@@IEM[\L]@@N[VA]GRVKJ
4E
UXWA\\FUA	NKS[KJ@IQ@\WH]@N@U^QVSVZUX]NNXDEJ^XYD_^GIAOA.AJW^RVQIF_TJU\N<
NI]CR^_DO	nIOJ]\GJOAK[C\I=_ VJW@R+
BNVFISQO[	SXXP^\\RVQFJ^H]D_ZGUA	.EYOVSJCBGOJ]YFUA_SXLU__\RX_QPVXWRX^@KSSAUNEROXPMAC[_V/AYQI@Q@TPX]TNXA,F@\B\\GAOA
=L^NXKCCXL_VZSJ]H3]BIAY[	
j	PXIB[AXJRVZFMZTSI@QGER_\PJECG/RAYH\C]]@PNXKFCG^RVNCKWSSIN_N@ZOV@NAG[CVDF	F[YAWKXC\A@B=IFXHXNVENSS[UN1\JW]PJCCSQ3	PAC]C\BBU_]\Z%BFXIJ(KNI]AR\E@@EFXCDXHX	[YQS@\B\]@S=
 QNYTJ\\N AC]F_]@T_@@QGXEDXFVO QAY[X@_GR^KJBIQ@[WL]@N@U
&@TWDOXIA\CLDF3AYRK\C\INLP%
T@VRUJ]C@UKTSSA3BYC@TNE
,HZF@\@\^[[[VEXAV[WDOIAD^RB]\N	 &
SLVX]]NXTVRUO_\NP[VQXBRZWJANQNJPI]D\\UUA]SXLTXY\RX_Q^7NVEIOA
NI^FR^KJ	
,IEZTJ]H@N 3]]Y]\Q_QYCE];K\GNV[3PUJW]RJA_ITJ^HTE[UGIOASX_T^^\NXT 7]NMHSSRUN	]Y\[NXDGJ^X^ATXGIAOAPLE[\TVJCQG\RVNDH[WSIN_N[8XIA[QF@_G\]BUA,@TUX]]WVQW; 	_UCRSSJ_NCU^R7\]TXIIT2KAYRI\A@SEER_TZMBC[QRV]DHT[SUN
A8KQIZCEDF	 UCRRUUNERO_SOAC[_V^NM[PRVK\CN]@T]@@Q@ZADXFVO&NI^ANL\JW^UJBFG%NVFKSSRL@Q	V7@QQ CD[VOB[\FL<RRLNISS3YIEXTHAR	[YQ[H[E\ANLE@@BARGDDF	&]QV@R^KJ	QQ BADF	D[YAPH^C\A@B	HQIIBFXTJO\NR[VQ_@P^WJAN4C F@_@@NAYQN\BY]@
G2XIBYCE]HX
	<		@NKS^TANPMCB^nBE\F@R	
 <	C@TWX_@@IAC\]N]@@N[VB^IS\KJ
4E
UXWA\\FUA	NKS_KJ@IQGX\B]@N@U^QVSQ^_X]NNXDEJ^X^@TTGIAOA.AJW^RVQIF_TKX\N<
NI]CR^RDO	nIOJ]\GJOAK[C]D=_TJW@R+
BNVFISQO[	SX\_ZX\RVQFJ^K_F_]GUA	.EYOVSJCBGOJ]]DUA_SXLW][\RX_QPVXWR_\BOSSAUNERO_ROEC[_V/AYQI@Q@TPX\YNXA,F@\B\\FLOA
=L^NXKCCXL_VZSJ\E3]FKAY[	
j	PXIB[AXJRV^AHUZSI@QGER\^VOBCG/RAYH\C]]@PNXKBAG^RVNDIQWSIN_N@ZOV@ICA_CVDF	F[YAPI^G\A@B=IFXHXNVENSRVUN1\JW]PJCB^Q3	PAC]C\BBU_]]W%BBZIJ(KNI]AR\E@@AF^EDXHX	[YRQK[A\]@S=
 QNYTJ\\N AC]B]]@T_@@QARADXFVO QAY[^JUCR^KJBIQFQ]H]@N@U
&@TWDOXIA\BADF3AYRK\C]DNLP%
T@VRUJ]C@UKTSRL3B]A@TNE
,HZF@\@\^[[[VAXI[[WDOIBFX]O]\N	 &
SLVX]]NXTVRUK]\NP[VQ^HT^WJANQNJVC[@\\UUA]SXL^^]\RX_Q^7NVEIOA
NI^FR_ KJ	
,IEZTJ\E@N 3]]Y]\Q_QYCE];K\INV[3PUJW]RJA_ITJ^I\@_XGIOASX_P[Z\NXT 7]NMHSSRUN	]Y\UNXDGJ^X^BXTGIAOAPLE[_XZJCQG\RVNDKW[SIN_N[8XIA[QF@_G\]BUA,@TUX]]WVQW; 	_UCRSSJ_NCU^R7\]ZXIIT2KAYRI\A@SEER^\QJCC[QRV]DLWZSUN
A8KQIZCEDF	 UCRR[UNERO_PKEC[_V^NM[PQRO\CN]@T]@@Q@Y EDXFVO&NI^ANL\JW^UJBFG%NVFKSSRL@Q	V7@QQ CD[VOB[\GL<RZINISS3YIEXTHAR	[YRQ@YF\ARB	XI@[CFXHX
	<		BNKS^VDO IBMXHX JAYALYA\ARLE AQQFAZTJ]R@NHNINDW\WXO@@nXWAY@UAYK[C\DNLQ3QIZCDXQVO

< _SX_W[@@HDC[,EQUXWN	 &
PLVX]^NXIE[UM[I\\[[QVBRY^XANE, \RV]GIROA		@T^YANQNJQOXB\\UUA^SXL R]_\RX_QPUXWRYYBKSSAUN1GNXKF_IXVRVM]@Y@U&NKS\WXX@@R+
CNVFISPUNA[AR[jVQ_NXQW; 	^UCRSSK@Q		LV[Y\SMCCGOJ_]GNTSO[	
j	SXIB[BXJ NMHZQO[ ]]JXYZNCCIQ	BNVULV[WI\Q@SY\NXXFFSCDJHX([VBY]@QER_[RJF_IU;	RV]EISSVUN
A8IQIZCGHX_G\\B&RZP[VNP2
AIBDXVVOUCRPUKUG\ANLE@@@BXEDDF	&]QV@R^KJ	QQ JGDF	D[YAVO]E\A@B	HQIIEE^TJO\NR[VQYGSXWJAN4C F@\E@NAYQN\CY]@
G2XIBYCD]HX
	<		@NKS^TANPMCC^nBM\F@R	
 <	C@TWX_@@IBGPRJ]@\@U	NI_@T[WDO	nKOJ]\GHOA SX_SDOXIV]RNU@\N[[	ANK@[SP]\@VQ
]YF@OEZXOISAO[=TOVSO_QUQNZSJ]E@N<QV@P^W]ANE, ^RV]GIPO[^D\AW1^]OVXT 7^NMHSSQUN@TSXT_WJC_IAXWC]UC@SOA
	1A]@@BC[ _VNVF@VOAQLE][TRJCQG_RVNBO[SSIN_N@YOV@OEK[CVDF3AC]F@S
]ZZ\RO_QC7OJ]^GISVO[	
j	QXIB[@	DFHZ@\Y(HZUACQ	V7AQQ CDZHXNMHWPPI\C\]@ZNXIAA_CXJ(HNI]AR_EQIZEXJ	_UCAVTH^C\SNLC	PXIQ^BFXTXARRACNF[@P^EDO,PJ^KX\N[YQTI\F@SZ7@@BA[CADF	&_QV@R^DO^UJCF4 JCJ^O

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4E
UXWA\\FUA	NKSWKJ@IQA_PN]@N@U^QVSWYSX]NNXDEJ^XXGXXGIAOA.AJW]WVQIF_TJX\N<
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=L\NXKCCZQRV]NAOA 	B@TR_ZZRJQ_IGHOJNY@NUSS[@QPVJWNWMDE[QXJ3AYHY_NLU_]\WVQ^+ XWA^\GIVOA
	1A_@@BC[XJVM]@Y3F@ZAYN
A8HQIZCFDF NVFLSVTI\C@SBOVQIB@X_V3 R[VB\ASB	XIBR_V_NM[V[SA\CN]@T^@@QFSKDXFVO RAY[YK\IR^KJ,
EVRUOARUCQTSIY_NE8	NXKAC[FXJ(JNI]AR]HKJ_[RHF,ZAVRX
	<		ANKS^UDO	
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AC]A\AP[E
,H[F@\@\_
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CQNYRO]@\@U,ER\\RK_QTF@\C_@U_QVSQXQX]NNXDFJ^X^FUZGIAOASLE[[UTJCQG
%	UCQSO[NKPYU]AN4XVRUH]@^Y[[3PTJW]RJ@GACXVO2A_XUCA
=L_NXKCCYQXWD_[NHSSO[LV^Z\UJ_QW%		F[YRSI]_NPJW]QN_QPWXWR_[EASSAUNERO_UHKC[_V]NM[PTQA\CN]@Z2QQCXJOJ^[GKVOA.
]Y_\RHF_IT2JAYRI\@]@\WZX3SIFQQJQ3	QAC]C\CNLPOVVNDE\CXJNMHUZRO\_NP2
BIBDXUVO	AYRJY_N@[OV@IDE[CVDF	E[YAPNZC\A@B	KQIIDBXTJO\N<NKP^E	NXHDCY_V/UCRQSI^F@SS3XIEXTI\N^@IQV<H_ENKLP%
TAVRUJ]B@NAYMYDYHR^EQIZBF^TVO

< ]SX_WYANIE[RVO PAY[_DUCR^KJAIQG_]H]@N@U]QVSQYUX]NNX_,	OJ^\[[
AC^D\CWB=QQ ADXVOAR	
 <	B@TWX^NXAD[F+YWMOJN 3\]Y]\PVQAQN\RM[H\\[[QV@U]PXANE, \RV]GIROA		@TT_ANQNJWB_D\\UUA^SXL_ZY\RX_QPUXWR_TEMSSAUN1GNXHC_IXVRVM]BY@U&NKS\WZX@@R+
CNVFISPUNA[ARXjU^OVXT 7^NMHSSQUN@TQ[]\NXTVRUOZ@\@U,ER\\RK_QTF@_F@NJNINBQXWJANQNJWI[@\N[[	BNK@]QX]NNX_,	OJ]Y[[
AC^D\ATB=QQ ADXTLAR	
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PLVX]^NXIEXWO]@@N[VBZEU^E
,HYF@\@\][[ QVCUB	IQIIFFXTXARQACN@YCR^KJBIQG]VJ]R@N
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QNYTJ^@NENSSU&^GNKLP%
TAVRUJ]B@NAYA^K\ANLE@@BGZCXJ(HNI]AR_EQIY_V_NM[PSWI\Q@SY_NXX@C_CVDF	F[YAPIXC\SNLV3IBADF	RV^@ISUO[=QER\^RJCEG/PAYH\C_NLPX]Z=HFQQJQ3	QAC]C\CNLPOVZCGC[QRV]C@WSO[	
j	SXIB[BXJ NMKVOAQLE[_\RJQ_IGHOJN_EISSAUNERO_PJCCIQ2[YRVUNSX\WX[@@nJ^K_@\\AUA	.E[OVSJC@QF_TJ[/^^UCA
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ANVFISRO[ LUZANQNJVM_@\N[[	ANK@\UX]NNXDEJ^X_G^\G[OA 3PER\YNXIACXTLAR	<
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	<		ANKS^UDO	
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NI^FR^KJ	
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3LV]ANQIYCD^HX	(AYH^C\ATB	,AGJ^K]@_[[QTSKZ,]FULJ
4E
VXWA\\EUA	NI]AQ_PX]@@
CQNZRC]H\@U,ER\\RK_QTF@\G[@U_QVSW_SX]NNXDFJ^XXA\XGIAOASLE]\\VJCQG
%	UCQSO[NKPYU^AN4XVRUH]@^Z[[3PTJW]RJ@GACXVL2A[ZUCA
=L_NXKCCYQXWA\]DJRSSUN]Z[ZVHC_IT2HAYRI\B@SCOVSME_IGIOJNYGNQSS[@QPUJWNWJDA[QXJ	]UCAVSN^C\SNLV3IADDF	RV^@IQUO[=QER\^RJAEG/PAYH\C_NLPX_Z=KDFIV3 Q[VB\APBNXCJFZCDDF
	UCQUPN[C@SS3ZIEXTKAR 	AYH[F@SY^NXXFC_CDJHX KAYAL\G\ARLE BQQFD\TJ]R@N
<	SX\KJ@@AD[EXJ  3[YRQI\AZ]@S=
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 <	@@TWX\@@]QNYSNARPACNF\AZ^EDOYIV]TJU@\N[[	BNK@[WP]\@VQX+RV^GUA
[VA[APXE%IBFXTH[\N	 &
QLVX]_VQA\AB7UM^RVU,ER\\RH_QIVR]OTD^\GUA	NKP[RY]@@R+
ANVFISRO[ LV_^@@T@VRFNTGZ\G[OA 	C@TSQZZRJQ_IGKOJNXNNUSS[@Q j		@@ACGJ^HZ@^Z[[	3SX_WX_ZNXT 7_NMHSSP@Q^FR\8YZ^@@QW%		E[YRSI^_N]QY][OCCGOJ^YB@SSO[	
j	SXIB[BXJ NMHTQO[ ]]JYUVNCCIQ	BNVUMZWWI\Q@SY\NXXGJ_CDJHX([VA\]@QER_[RHE_IU;	RV]EISQUUN
A8IQIZCGHX_G\^A&RTR[VNP2
AIBDXVVOUCZQWN^C\]@ZNXHF@X CXJ(HNI]AR_EQIZBXJ	_UCAWZH^C\SNLC	PXIQ_BFXTXARRACNGU@P^EDO,PJ^H]\N[YQTI^E@SZ7@@BA[ABDF	&_QV@R^DO^UJAE4 DDJ^O

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[VB^AR\KJ
4E
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=L^NXKCCXL_VZSJ_F3]@AAY[	
j	PXIB[AXJRV]GLSW[I\_NPJW^UKDE[Q3	RAC]C\@NLY @@BDSQ	CNVULRPUI\Q@SY_NXXFBXCDJHX HAYAL]@ZARLE%TQNZTVONMKTSQO@QjOVSHCCY_V3 P[VB\AQEZZ\SK,B\IJ(KNI]AR\E@@GGZCXJNM@QTSUN
A8KQIZCEDF	 UCRTO[ ]]J\UPJCQG_RVNF@QSS[@QPVJWNSCAC[_V/AYQI@Q@TPX\]NXA,F@\B\\FHOA
=L^NXKCCXL_VZSJ]E3]E[YA
	1A^@@BC[_V
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[VB^AR^ KJ
4E
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%	UCRVO[NKPYW]AN4XVRUH]@\Y[[3PTJW]RJ@GACXTO2A]NMA	.EZOVSJCAGF@\IU\GUA	NKWZWDO	nKOJ]\GHOA SX_KJ@IQM^TJO\NQ[VQUGR^KJBIQM^TJO\N<NKS[E	NXHDC[_V/UCRQSI\F@SS3XIEXTI\N^@ISV<HZQV
@S=
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NI^FR^ KJ	
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<	SX_ KJ@@AD[FXJ  3[YRQI\CY]@S=
QNYTJ^@NENSSV&]FNKLP%
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]Y_\RJF_IT2JAYRI\@]@\WXX3SBQI/QAYH\C^]@MJWXZCCCGOJUUCIOA
=L\NXKCCZQRV]OUA_SXLWP]\@VQ
]ZF@OB\TGIAOASLEZ]TRJQ_IR;	NMHVOAQVCU^RDO,UQNYVJ]@Y@U,ER\\RI_IDDXQ%\INV[3PUJW]RJA_ITJ^O^I\\[[QV@RXWDO	nKOJ]\GHOA SX_KJ@IQFZPJ]R@NKNINCPZWJAN QNJVHY@\N[[ 
3LV]ANQIYCD]HX	(AYH^C\AWB	,AGJ^K]@_[[QTSH^,^ARLJ
4E
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CQN[WN^C\@U,ER\\RK_QTF@_@\@U_QVSWVWX]NNXDFJ^XXHX\GIAOASLE]UXRJCQG
%	UCQSO[NKPYVZAN4XVRUH]@]^[[3PTJW]RJ@GACXUL2AUTUCA
=L_NXKCCYQXWAXTFHTSSUN][_TQOC_IT2HAYRI\B@SCOVSCK_IGIOJNY@NUSS[@QPUJWNWMDE[QXJ	]UCAVTNZC\SNLV3IADDF	RV^@IRUO[=QER\^RJBEG/PAYH\C_NLPX\Z=K@BIV3 Q[VB\APBNXNCJ]CDDF
	UCRUSAUC@SS3ZIEXTKAR 	AYH_B@SY^NXX@EXCDJHX KAYAJZ@^ARLE BQQ@B[VJ]R@N
<	SX\KJ@@AD[ EXJ  3[YRQI\BZ]@S=
QNYTJ^@NENSRV&[QV
@S=
QNYTJ_\N		AY[I\C@SBOVQKFCG/RAYH\C]]@PNXM_QPWXWRXTGIAOAPLE\U\RX_QPUXWRXTGIAOA.AJW^RVQIF_TKX\N<
NI]CR^RDO	nIOJ]\GJOAK[C]C=_^JW@R+
BNVFISQO[	SXXU]^\RVQFJ^KTI[[GUA	.EYOVSJCBGOJ]XNUA_SXLUXU\RX_QPVXWRX^GASSAUNEROXPJKC[_V/AYQI@Q@TPX\^NXA,F@\B\\FKOA
=L^NXKCCXL_VZSJ\F3]N@AY[	
j	PXIB[AXJRV]BIVTSI\_NPJW_QK@@[Q3	RAC]C\@NLY @@BJRQ	CNVUL[S[I\Q@SY_NXXFK[	CDJHX HAYALTCTARLE%TQNZTVONMKTSRO@QjOVSHCCZ_V3 P[VB\AQEZZ\SH,B_	QNF	&^QV@R^KJXIFRALXTVO AYR@[F\ANLP%
TBVRUJ]A@N[VBXINLC	QXIQ_ DBXTXARQACNG]FT^EDOZIV\UM[@\N[[ 
3LUXANQIYCEZHX	(AYH^C\@PB	,AGJ^K]@_[[QTSI[,^@@TNE
,HZF@\@\^[[[VEXGR^EQIZCEXHX
	<		BNKS^VDO IAEDF	D[YAQLZC\SNLC	PXIQYEDXFVO RAY[^FZARLE%TQNZTVONMKTSSN@QjOVSHCC[_V3 P[VB\AQEZZ\RM,A[IJ(KNI]AR\E@@FJZCXJNMHRPRI@Q	V7BQQ CDYHX	[YQSUNERO^VJCCIQ	BNVUKWSSIN_N@YOV@HGC[QXJ3AYK\_NLU_]\UVQ^+ XWA^\GITOA
	1A_@@BC[XJVM]@[3EJAY[	
j	PXIB[AXJRV[ALSSO[LV[YYRVQW; 	]UCRSSH@Q YER__NXDGJ^X_HT\G[OA 	C@TUPU\RX_QPUXWR^TOISAO[=TOVPJ_QUQNZSJ]G@N<QV@P^W_ANE, ^RV]GIPO[^D\AU1UJW@R+
BNVFISQO[	SXYSX]@@
CQNYVM_@@N 3_]Y]\SVQGJ^H_\NP[VQ^FP^EDOYIVZSH]@N@U]QVSPYWXO@@nXWB\@UAYK[C\FNLQ3QIZCDXSVO

< _SX_W[@@HDC[,F]F@R	
 <	C@TWX_@@IKM\TJAR AYHXJXANLP%
TBVRUJ]A@N[VAY]@T_@@Q@YCDJHX KAYAJ^C\A@B	KQIIADXTXAR<	QVCRBOVPMCC\Q
2NMHQSSI[_NP2
@IBDXWAR^[GIT<QMNISS3YIEXTHAR	[Y[QA\C@SBOVSNBJ[Q3	RAC]C\@NLY @@AGG^RVNDIWSS[@QPUJWNQJGC[_V]NM[PSWI\Q@S\	7QIY_V XWB[\GNOA3LVZ]\RM_QW%		D[YRSI_@SPYW_2^UXIIT2KAYRI\A@SEER\\QOCCGOJ]ZCNSOA
	1A]@@BC[ _VNVENOA 	B@TT]_\RX_QPVXWR_YEISAO[ _]J^YPJCQG
%	UCQSO[NKPYW_AN4XVRUH]@\[[[3PTJW]RJ@GACXTM2BZNMA	.EZOVSJCAGF@TF_\GUA	NKS[WXANE, \RV]GIROA		@TQDOXIV[WL]@N@U^QVSQ]WXO@@TBVRFI^F\\UUA ,]Z]@@QQDDXSVO&
AC]A\ARYE
,H[F@\@\_
UAQTI\D3C[LJ
4E
VXWA\\EUA	NI]@ZVWDOIBLXPJAR	
 <	@@TWX\@@]QNZ]VO PAY[_KXARLE AQQ@L\TJO\NR[VQ_IV^EDO,PJ^H]\N[YQTI\D@SZ7@@BA[CCDF	&_QV@R^DO^UJCD4KVRX
	<		ANKS^UDO	
QIZ BDXTVO AYRN^F\]@S=
 QNYTJ\\N AC^K@SY^NXX@ESCVDF	E[YAPOTC\SNLC	SXIQXKDXFVO&NI^ANL\JW^UJCDG%NVFKSSSN@Q	V7@QQ CD[VOB[\FJ<RTHNISS3YIEXTHAR	[YZQM[A\ANLE@@AFXBDDF	&]QV@R^KJ	QQ DEDF	D[YAW@]A\A@B	HQIIJEZTJO\NR[VQXHS\WJAN4C F@_@@NAYQN\B_]@
G2XIBYCE[HX
	<		@NKS^TANPMCBXnBCXF@R	
 <	C@TWX_@@IJD_SN]@@N[VAYAU]KJ
4E
UXWA\\FUA	NKSYKJ@IQ@P\J]@N@U^QVSVVWX]NNXDEJ^XYHT\GIAOA.AJW^RVQIF_TK^\N<
NI]CR^TDO	nIOJ]\GJOAK[C]B=_PJW@R+
BNVFISQO[	SX_TYZ[RJ_Q^F@_FU\OIOA
=L\NXKCCZQRV]@NOA 	B@TRY]XRJQ_IGHOJNYFIWSS[@QPVJWNWKCG[QXJ3AYK\_NLU_]]QVQ^+ XWA^\GHPOA
	1A_@@BC[XJVM]AY3A[YA
	1A^@@BC[_V
OJYZGIOASX\WXANE, \RV]GIROA		@TKJ@IQ@XTJO\NQ[VQXAR^KJBIQ@XTJO\N<NKP^E	NXHDCZ_V/UCRQSI]F@SS3XIEXTI\N^@IRP<H[FNKLP%
TAVRUJ]B@NAY@UF]AR^EQIY@C_TVO

< ]SX_WYANIE_QVO PAY[YCXAR^KJAIQAXPJ]@N@U]QVSW^WX]NNX_,	OJ^\[[
AC^D\@QB=QQ ADXUIAR	
 <	B@TWX^NXAD[ @+YSNOJN 3\]Y]\PVQAQNQSM\D\\[[QVCT_TXANE, \RV]GIROA		@TP\ANQNJQJ]H\\UUA^SXL WXU\RX_QPUXWRY\GASSAUN1GNXHC_IXVRVM]A_@U&NKS\WY^@@R+
CNVFISPUNA[AS\jV\YNXQW; 	^UCRSSK@Q		LR\^]VJC_IAXWATTBMSOA
	1A]@@BC[ _VNVFMWOAQLE\]XZJCQG_RVNCIW[SIN_N@YOV@NCGSCVDF3AC^C@S
]ZZ\SH_QC7OJ]^GIRQO[	
j	QXIB[@	DFHZ@]^(HZWACQ	V7AQQ CDZHXNMHP[UI\C\]@ZNXIBE^CXJ(HNI]AR_EQIZGXJ	_UCAVUMTC\SNLC	PXIQ^GLXTXARRACNFZEZ^EDO,PJ^H]\N[YQTI]A@SZ7@@BA[BFDF	&_QV@R^DO^UJCK4CDJ^O

< ^SX_WZANQQ FGXQI]@@N[V@_EQ]KJ
4E
UXWA\\FUA	NKP^KJ@IQAPPJ]@N@U^QVSWVWX]NNXDEJ^XXHX\GIAOA.AJW^RVQIF_TJU\N<
NI]CR^_DO	nIOJ]\GJOAK[C]C=_WJW@R+
BNVFISQO[	SXZ_QX\RVQFJ^KZI[UGUA	.EYOVSJCBGOJ]XGUA_SXL^Z]\RX_QPVXWR_UEISSAUNERO_[HCC[_V/AYQI@Q@TPX\^NXA,F@\B\\FKOA
=L^NXKCCXL_VZSJ\E3ZE[YA
	1A^@@BC[_V
OJYUEISSO[LRXXXRVQW; 	]UCRSSH@Q YER[^NXDGJ^X\D^XGIAOAPLEYY^VJCQG\RVNFMQWSIN_N[8XIA[QF@_G\]BUA,@TUX]]WVQW; 	_UCRSSJ_NCU^R7[_@@QW%		E[YRSI^_N]^\XVJC_IAXWE][EIOA
=L\NXKCCZQRVZDUA_SXLS][\RX_QPVXWR]XBOSSAUNERO]VOEC[_V/AYQI@Q@TPX\YNXA,F@\B\\FLOA
=L^NXKCCXL_VZSJ\E3ZG[YA
	1A^@@BC[_V
OJYXNISSO[LSP_]RVQW; 	]UCRSSH@Q YER[\NXDGJ^X\CZ\GIAOAPLEY^ZRJCQG\RVNFJUSSIN_N[8XIA[QF@_G\]BUA,@TUX]]WVQW; 	_UCRSSJ_NCU^R7[]@@QW%		E[YRSI^_N]]Z\PJC_IAXWDU_@IOA
=L\NXKCCZQRVZFUA_SXLTQ_\RX_QPVXWR]_NKSSAUNERO]QCAC[_V/AYQI@Q@TPX\YNXA,F@\B\\FLOA
=L^NXKCCXL_VZSJ\E3ZA[YA
	1A^@@BC[_V
OJZTC@SSO[LR]^_RVQW; 	]UCRSSH@Q YER[ZNXDGJ^X\EY^GIAOAPLEYXYPJCQG\RVNFLVQSIN_N[8XIA[QF@_G\]BUA,@TUX]]WVQW; 	_UCRSSJ_NCU^R7[[@@QW%		E[YRSI^_N]_]UTJC_IAXWEZYAIOA
=L\NXKCCZQRVZ@UA_SXLRPY\RX_QPVXWR]YOMSSAUNERO]WBGC[_V/AYQI@Q@TPX\YNXA,F@\B\\FLOA
=L^NXKCCXL_VZSJ\E3ZC[YA
	1A^@@BC[_V
OJZ_@JSSO[LRZT]RVQW; 	]UCRSSH@Q YER[XNXDGJ^X\DTTGIAOAPLEYYTZJCQG\RVNFM[[SIN_N[8XIA[QF@_G\]BUA,@TUX]]WVQW; 	_UCRSSJ_NCU^R7[Y@@QW%		E[YRSI^_N]^[\ZJC_IAXWEX]FIOA
=L\NXKCCZQRVZBUA_SXLRZ]\RX_QPVXWR]YEISSAUNERO]WHCC[_V/AYQI@Q@TPX\YNXA,F@\B\\FLOA
=L^NXKCCXL_VZSJ\E3ZO[YA
	1A^@@BC[_V
OJ[_CASSO[LR_U\RVQW; 	]UCRSSH@Q YER[TNXDGJ^X\F]ZGIAOAPLEY[]TJCQG\RVNFORUSIN_N[8XIA[QF@_G\]BUA,@TUX]]WVQW; 	_UCRSSJ_NCU^R7[U@@QW%		E[YRSI^_N]_[\TJC_IAXWEU\BIOA
=L\NXKCCZQRVZNUA_SXLQ\U\RX_QPVXWR]ZCASSAUNERO]TNKC[_V/AYQI@Q@TPX\YNXA,F@\B\\FLOA
=L^NXKCCXL_VZSJ]D3]B@AY[	
j	PXIB[AXJRV[DOSTSI@QGER_^QHDCG/RAYH\C]]@PNXKFJG^RVNCLQ[SIN_N@ZOV@NFASCVDF	F[YAWL^K\A@B=IEXHXNVENSSWUN1\JW]PJCC_Q3	PAC]C\BBU_]\V%BFSIJ(KNI]AR\E@@DAZJDXHX	[YQQITE\]@S=
 QNYTJ\\N AC]FT]@T_@@QG_EDXFVO QAY[XGUGR^KJBIQ@\]L]@N@U
&@TWDOXIA\C@DF3AYRK\C\ENLP%
T@VRUJ]C@UKTSSM3BY@@TNE
,HZF@\@\^[[[VE^FT_WDOIAD\WL]\N	 &
SLVX]]NXTVRUO\\NP[VQXCU\WJANQNJPHZB\\UUA]SXLU__\RX_Q^7NVFIOA
NI^FR^KJ	
,IEZTJ]D@N 3]]Y]\Q_QYCD\;KX@NV[3PUJW]RJA_ITJ^L\DU[GIOASX\UX[\NXT 7]NMHSSRUN	]YX\NXDGJ^XYBX\GIAOAPLE\_XRJCQG\RVNCKWSSIN_N[8XIB[QF@_G\\CUA,@TUX]\VVQW; 	_UCRSSJ_NCU^S7\YQXIIT2KAYRI\A@SEER[YQOCC[QRV^G@SRSUN
A8KQIZCEDF	 UCRVPUNEROXQIEC[_V^NM[WPPO\CN]@T]@@QGXEDXFVO&NI]ANL\JW^UJCGG%NVFKSSSM@Q	V7@QQ CD[VOB[\GM<RVKNISS3YIEXTHAR	[YUWIXF\ANLE@@AC]KDDF	&]QV@R^KJ	QQ FFDF	D[YAWJ\G\A@B	HQII@D\TJO\NR[VQXBRZWJAN4C F@\@@NAYQN\CX]@
G2XIBYCD\HX
	<		@NKS^TANPMCC_nBA]F@R	
 <	C@TWX_@@IELXVJ]@@N[VA]BU_KJ
4E
UXWA\\FUA	NKS[ KJ@IQ@\TJ]@N@U^QVSVZWX]NNXDEJ^XYD\\GIAOA.AJW]RVQIF_TJY\N<
NI]CR^SDO	nIOJ]\GJOAK[C\E=_ SJW@R+
BNVFISQO[	SXXQ_X\RVQFJ^H\A_YGUA	.EYOVSJCBGOJ]YCUA_SXLT^U\RX_QPVXWRX_AASSAUNEROXQLKC[_V/AYRI@Q@TPX]XNXA,F@\B\\GMOA
=L^NXKCCXL_VZSJ]D3]BNAY[	
j	PXIB[AXJRV[GNTQSI@QGER_]ZNECG/RAYH\C]]@PNXKFDG^RVNCMUWSIN_N@ZOV@NGE_CVDF	F[YAWMZG\A@B=IEXHXNVENSSWUN1\JW]PJCC_Q3	PAC]C\BBU_]\V%BF]IJ(KNI]AR\E@@EJX	EDXHX	[YQRO\K\]@S=
 QNYTJ\\N AC]FZ]@T_@@QG_ADXFVO QAY[XG_CR^KJBIQ@\WH]@N@U
&@TWDOXIA\C@DF3AYRK\C\ENLP%
T@VRUJ]C@UKTSSK3BUSX	,AFJ^K]@^@UACY@UARB	XIB[ADDF	&]QV@R^KJ	QQ JXJ	_UCAQQM\CN]@T^@@QAYCDJHX HAYAK^G\A@B=IEXHXNVENSSQUN1\JW]PJCCYQ3	PAC]C\BBU_]\P%BKIV3 Q[VB\APBNXNKJ[_VNVN@WSO[	
j	SXIB[BXJ NMH[OAQLEZ]TRJQ_IGHOJN^GASSAUNERO^RBCCIQ2[YRSUNSX\WX_@@nJ^K_@\\EUA	.E[OVSJC@QF_TJ_/][UCA
=L_NXKCCYQXWDX]GIOASXWPXANE, \RV]GIROA		@TPDOXIVY]H]@N@U^QVSSWWXO@@TBVRFKTB\\UUA ,]Y]@@QQDDXVVO&
AC]A\AR\E
,H[F@\@\_
UAQTI\A3@TLJ
4E
VXWA\\EUA	NI_HW^KJQQ	EEXHX
	<		BNKS^VDO IBBDF	D[YARNZC\SNLC	PXIQZEDXFVO RAY[]DZARLE%TQNYTVONMKTSSK@QjOVSHCC[_V3 P[VB\AQEZZ\RH,B^IJ(KNI]AR\E@@@FZCXJNMNZUSUN
A8KQIZCEDF	 UCRVO[ ]]J\ZRJCQG_RVNFOSSS[@QPVJWNSLCC[_V/AYRI@Q@TPX]^NXA,F@\B\\GKOA
=L^NXKCCXL_VZSJ]B3]C[YA
	1A^@@BC[_V
OJ_]GISOA		@TTZ]@@R+
ANVFISRO[ LV\ANQNJUNY@\N[[	ANK@_SX]NNXDEJ^X\DX\G[OA 3PER\\NXIACXTHAR	<
[VB^AR^KJ
4E
WXWA\\DOAQN\C^.S]]O	nHOJ]\GKOAQVCU_WDOIEBQTVO

< ]SX_WYANIE[HX JAYAH^K\A@B	HQII ALXTXARRACNB^IR^KJ,
EVRUJARUCQTSI^_NE8	NXKAC[AXJ(JNI]AR]HKJ_[RJA,ZQNF	&^QV@R^KJXIAXCDDF
	UCUSTI@Q	V7BQQ CDYHX	[YRQUNERO]SHCCIQ	BNVUHRQSIN_N@YOV@KBA[QXJ3AYH\_NLU_]\PVQ^+ XWA^\GIQOA
	1A_@@BC[XJVM]@^3FHAY[	
j	PXIB[AXJRV]N@SSO[LR\[\NXT 7]NMHSSRUN	]Y\@@T@VRFC[@\N[[	ANK@WWXO@@TBVRFC[@\N[[ 
3LVXANQIYCDZHX	(AYH^C\APB	,AGJ^K]@_[[QTSI^,]A@TNE
,HZF@\@\^[[[VBZGR^EQI_	EDDF	&]QV@R^KJ	QQ CXJ	_UCA[SI\Q@SY_NXXKC[QXJ	]UCA[SI\Q@S\	7QIZ_V XWB[\GKOA3LVZ]\RH_QW%		D[YRSI_@SPYWQ2]QBQI/QAYH\C^]@MJWXUMJG[_VNVFNVVSI@Q	V7BQQ CDYHX	[YRPA@QPTJWNQBFE[QXJ	^UCAP[LZC\SNLC	SXIQX	FBXTXAR<	QVCRBOVPMCCRQ
2NMHQSSIU_NP2
@IBDXWAR^[GIZ<RJUQV
@S=
QNYTJ_\N		AYWAT@ZARB	XIB\E@XHX
	<		BNKS^VDO IBGQHX JAYAJTKTARLE AQQ@LP\J]R@NHNINBZVWXO@@nXWB\@UAYK[C\HNLQ3QIZCDX]VO

< _SX_W[@@HDC[,E[RXWN	 &
PLVX]^NXI@]SOT@\@U	NI]FS\WDO	nKOJ]\GHOA SX_QDOXIV[SC_@\N[[	ANK@]^Z]\@VQ
]YF@OC[UEISAO[=TOVPJ_QUQNZSJ]I@N<QV@P^WQANE, ^RV]GIPO[^D\A[1T_OVXT 7^NMHSSQUN@TQ_[TRJ_Q^F@\G__@IOA
=L\NXKCCZQRV]DNOA 	B@TTP_XRJQ_IGHOJN_OKWSS[@QPVJWNQBAG[QXJ3AYK\_NLU_]\[VQ^+ XWA^\GIZOA
	1A_@@BC[XJVM]@U3FJWAYN
A8HQIZCFDF NVCJTZRI\_NPJW]TMCD[Q3	RAC]C\@NLY @@B@_Q	CNVUJTQ[I\Q@SY_NXX@DY	CDJHX HAYAJ[ATARLE%TQNZTVONMKTSS@@QjOVSHCC[_V3 P[VB\AQEZZ\RC,BXQNF	&^QV@R^KJXIG_ECXTVO AYROUBZANLP%
TBVRUJ]A@N[VB_DNLC	QXIQXEDXTXARQACN@[GR^EDOZIV[SL]@\N[[ 
3LUXANQIYCDQHX	(AYH^C\A[B	,AGJ^K]@_[[QTSIU,]BPLJ
4E
VXWA\\EUA	NIX@ZVWXANIE^VCY@@N 3_]Y]\SVQGJ^K^B@NJNINBTXWXO@@TAVRFI[FX\G[OA 	@@TT^[XRJQ_IR;	NMKSOAQVCU^^DO,UQNYVJ]@U@U,ER\\RI_IDDX]%\C_NMA	.EZOVSJCAGF@YBT_EISOA		@TQ]]\RVQW; 	]UCRSSH@Q YER\_QVQ
][F@OCZUAISAO[ \]J^Z[LCCIQ	ANVUJUZUI\Q@S\	7QIY_V XWB[\G@OA3LVZ]\RC_QW%		D[YRSI_@SPYWQ2]QJQI/QAYH\C^]@MJWXRJF@[_VNVFL[[UI@Q	V7BQQ CDYHX	[YRPI@QPTJWNQLCC[QXJ	^UCAPUI\C\SNLC	SXIQXCDXTXAR<	QVCRBOVPMCCRQ
2NMHQSSIU_NP2
@IBDXWAR^[GIZ<RJ]QV
@S=
QNYTJ_\N		AYWIUE_ARB	XIB]KMXHX
	<		BNKS^VDO IBGYHX JAYAJZ@^ARLE AQQ@B[VJ]R@NHNINBT]WXO@@nXWB\@UAYK[C\HNLQ3QIZCDX]VO

< _SX_W[@@HDC[,EPPXWN	 &
PLVX]^NXIEYRB\E\\[[QVCZVTXANE, \RV]GIROA		@T_\ANQNJQI_H\\UUA^SXL TZU\RX_QPUXWRY_EASSAUN1GNXKC_IXVRVM]@^@U&NKS\WX_@@R+
CNVFISPUNA[AR\jVPXNXQW; 	^UCRSSK@Q		LVYUTUJCCGOJ^UG@RSO[	
j	SXIB[BXJ NMH[VO[ ]]JX_TJCCIQ	BNVULPUSI\Q@SY\NXXF@]CDJHX([VB\]@QER_[RJA_IU;	RV]EISSQUN
A8IQIZCGHX_G\\E&R[U[VNP2
AIBDXVVOUCRQS@YA\ANLE@@AJXCDDF	&]QV@R^KJ	QQ KBDF	D[YAVJUA\A@B	HQII@MZTJO\NR[VQYB[\WJAN4C F@\@@NAYQN\C^]@
G2XIBYCDZHX
	<		@NKS^TANPMCCYnBL_F@R	
 <	C@TWX_@@IBF[TL\@\@U	NI^HT[WDO	nKOJ]\GHOA SX_PDOXIV]PHY@\N[[	ANK@[U\]\@VQ
]YF@OEX^CISAO[=TOVSJ_QUQNZSJ]B@N<QV@P^WZANE, ^RV]GIPO[^D\AP1_XOVXT 7^NMHSSQUN@TWPUZWJC_IAXWB[[FOSOA
	1A]@@BC[ _VNVFASOAQLE]_\RJCQG_RVNBKSSSIN_N@YOV@OAC[CVDF3AC]C@S
]ZZ\RH_QC7OJ]^GISQO[	
j	QXIB[@	DFHZ@\^(H[RACQ	V7AQQ CDZHXNMHRS[H^C\]@ZNXHDJS	CXJ(HNI]AR_EQIZ	BXJ	_UCAVQJ^C\SNLC	PXIQ^@FXTXARRACNF^BP^EDO,PJ^K]\N[YQTI\A@SZ7@@BA[CFDF	&_QV@R^DO^UJCA4 KFJ^O

< ^SX_WZANQQ BF_\L]@@N[VATCT\KJ
4E
UXWA\\FUA	NKSVKJ@IQAZRN]@N@U^QVSW\SX]NNXDEJ^XXBZXGIAOA.AJW]RVQIF_TJ_\N<
NI]CR^UDO	nIOJ]\GJOAK[C\C=_TJW@R+
BNVFISQO[	SX_S_U[RJ_Q^F@_HY_@IOA
=L\NXKCCZQRV]OJOA 	B@TRZTZRJQ_IGHOJNYE@USS[@QPVJWNWHJE[QXJ3AYH\_NLU_]\PVQ^+ XWA^\GIQOA
	1A_@@BC[XJVM]@^3FA[AYN
A8HQIZCFDF NVFKVRZN\C@SBOVPCJ@X_V3 R[VB\ASB	XIBS	_V_NM[VWVO\CN]@T^@@QF_EDXFVO RAY[YGYGR^KJ,
EVRUJARUCQTSI^_NE8	NXKAC[AXJ(JNI]AR]HKJ_[RJA,Z	JVRX
	<		ANKS^UDO	
QIZDG^TJ]\NAC_C^@U^E
,HYF@\@\][[ QV@ZWE @QQF@P\J]R@NKNINDVVWXO@@TBVRFOYHT\G[OA 3PER\\NXIACXTHAR	<
[VB^AR^KJ
4E
WXWA\\DOAQN\B_.SVERNE, _RV]GIQOANKS__YX\RVQFJ^HUH]_GUA	.EYOVSJCBGOJ]TCUA_SXL TZU\RX_QPVXWRY_EASSAUNEROYQHKC[_V/AYQI@Q@TPX\_NXA,F@\B\\FJOA
=L^NXKCCXL_VZSJ]B3]AAAY[	
j	PXIB[AXJRVT@MWZSI@QGER_XWLBCG/RAYH\C]]@PNXKEKG^RVNCARUSIN_N@ZOV@NKB]CVDF	F[YAWA]E\A@B=IEXHXNVENSSQUN1\JW]PJCCYQ3	PAC]C\BBU_]\P%BERIJ(KNI]AR\E@@KJZCDXHX	[YQWA]E\]@S=
 QNYTJ\\N AC]EU]@T_@@QGSKDXFVO QAY[XKXIR^KJBIQ@PPB]@N@U
&@TWDOXIA\CFDF3AYRK\C\CNLP%
T@VRUJ]C@UKTSSK3BZC@TNE
,HZF@\@\^[[[VDTASWWDOIAGXQC]\N	 &
SLVX]]NXTVRUL_\NP[VQXGPZWJANQNJPL_D\\UUA]SXLQZY\RX_Q^7NVFIOA
NI^FR^KJ	
,IEZTJ]B@N 3]]Y]\Q_QYCDZ;K[CNV[3PUJW]RJA_ITJ^MTE_XGIOASX\TX[\NXT 7]NMHSSRUN	]Y[_NXDGJ^XYFYZGIAOAPLE\[YTJCQG\RVNCOVUSIN_N[8XIB[QF@_G\\EUA,@TUX]\PVQW; 	_UCRSSJ_NCU^U7\ZRXIIT2KAYRI\A@SEERZYROFC[QRV^ELTSSUN
A8KQIZCEDF	 UCRUSUNEROXWLCC[_V^NM[WVUI\CN]@T]@@QG^CDXFVO&NI]ANL\JW^UJCAG%NVFKSSSK@Q	V7@QQ CD[VOB[\GK<RUHNISS3YIEXTHAR	[YTUL^E\ANLE@@AAS GDDF	&]QV@R^KJ	QQ EEDF	D[YAWLUA\A@B	HQIIFMZTJO\NR[VQXD[\WJAN4C F@\@@NAYQN\C^]@
G2XIBYCDZHX
	<		@NKS^TANPMCCYnBB^F@R	
 <	C@TWX_@@IK@ZUO]@@N[VAXAW[KJ
4E
UXWA\\FUA	NKSXKJ@IQ@_QH]@N@U^QVSVY UX]NNXDEJ^XYGY^GIAOA.AJW]RVQIF_TJ_\N<
NI]CR^UDO	nIOJ]\GJOAK[C\C=_PJW@R+
BNVFISQO[	SXV _Z\\RVQFJ^HYC\[GUA	.EYOVSJCBGOJ]Z@UA_SXLPPY\RX_QPVXWRX[OMSSAUNEROXUBGC[_V/AYRI@Q@TPX]^NXA,F@\B\\GKOA
=L^NXKCCXL_VZSJ]B3]AMAY[	
j	PXIB[AXJRVTFITQSI@QGER__WOGCG/RAYH\C]]@PNXKEGG^RVNCO[[SIN_N@ZOV@NEKSCVDF	F[YAWOTK\A@B=IEXHXNVENSSQUN1\JW]PJCCYQ3	PAC]C\BBU_]\P%BE^IJ(KNI]AR\E@@KA]ADXHX	[YQPA\G\]@S=
 QNYTJ\\N AC]EY]@T_@@QG\CDXFVO QAY[XD^AR^KJBIQ@_VJ]@N@U
&@TWDOXIA\CFDF3AYRK\C\CNLP%
T@VRUJ]C@UKTSRL3KTSX	,AFJ^K]@^@UAC]@[I[^KJQQ	FE\TVO

< ]SX_WYANILPHX JAYAK^FZARLE AQQAF]RJ]R@NHNINCP[WXO@@nXWB\@UAYK[C]DNLQ3QIZCDYQVO

< _SX_W[@@HDCZ,LQF@R	
 <	C@TWX_@@IB@Y]K]@@N[VKZGV^E
,HYF@\@\][[ QVI[B	IQIIALPTJO\NQ[VQ^CZVWJAN QNJVHUH\\UUA ,]Z]@@QQDDYQVO&
AC]A\AS[E
,H[F@\@\_
UAQTI]F3IRLJ
4E
VXWA\\EUA	NI]AZXWXANIC[RH]\N	 &
SLVX]]NXTVR\JARPACNA\AR^EDOYIVZTJ]@\N[[	BNK@\WX]\@VQX+RV^GUA
[VA[AS[E%IBFXTKX\N	 &
QLVX]_VQA\BA7\KOJN 3\]Y]\PVQAQNYUH]E\\[[QVFW^WDO	nKOJ]\GHOA SXVKJ@IQFXWH]@N@U^QVSP^UX]NNXDEJ^X_@_^GIAOA.AJW^RVQIF_TKX\N<
NI]CR^RDO	nIOJ]\GJOAK[C]D=VERNE, _RV]GIQOANKS_ RX]\NXTVRSLYC\@U,ER\\RK_QTF@UB@NJNINCRXWXO@@TAVRFH]FX\G[OA 	@@TUX[XRJQ_IR;	NMKSOAQVCU^RDO,UQNYVJ]AY@U,ER\\RI_IDDYQ%UCNV[3PUJW]RJA_ITJ^K\I\_GIOASXY_]]@@R+
ANVFISRO[ L_[ANQNJVJTF\\UUA^SXLWQ[\RX_QPUXWR^\NOSSAUN1GNXHC_IXVRVM]AY@U&NKS\WYX@@R+
CNVFISPUNA[AS[j_\OVXT 7^NMHSSQUN@TUZ[XRJ_Q^F@ZI^TGUA	.EYOVSJCBGOJTX[[	@NK@\UP]\@VQ
]ZF@OB]^OISAO[ _]J_]PBCCIQ2[YQSUNSX\WYX@@nJ^K_@\]BUA	.E[OVSJC@QF_TKX/TYUCA
=L_NXKCCYQXWA^ZDJSSO[L_XZ_RVQW; 	]UCRSSH@Q YERUYNXDGJ^X_AZ\GIAOAPLEZ\ZRJCQG\RVNEHUSSIN_N[8XIA[QF@_G\]BUA,@TUX]]WVQW; 	_UCRSSJ_NCU^R7UZ@@QW%		E[YRSI^_N]Y^\SJCCGOJT^F@SOA
	1A]@@BC[ _VNVOOOA 	B@TUYT^RJQ_IGHOJN^F@QSS[@QPVJWNPKJA[QXJ3AYK\_NLU_]]WVQ^+ XWA^\GHVOA
	1A_@@BC[XJVM]AY3ONAY[	
j	PXIB[AXJRV]DJZVSI@QGERU_TLC_IT2HAYRI\B@SCOVZM_QPWXWR^^EMSSAUNERO^PHGC[_V]NM[QQQM\CN]@Z2QQCXJOJ^[GHVOA.
]Y_\RKF_IT2JAYRI\@]@\WY^3ZBQI/QAYH\C^]@MJW]QMKJ[_VNVOLRWSUN
A8KQIZCEDF	 UC[[O[ ]]J_^WLCCIQ	BNVUKQVUI\Q@SY\NXXAA^CDJHX([VA\]@QER_[RK@_IU;	RV]EISRPUN
A8IQIZCGHX_G\]D&[ZACQ	V7AQQ CDZHXNMHWRZH\C@SBOVZLEG[Q3	RAC]C\@NLY @@KJG^RVNEK[[SIN_N@ZOV@HAKSCVDF	F[YAQKTK\A@B=IFXHXNVENSRPUN1\JW]PJCBXQ3	PAC]C\BBU_]]Q%KEIV3 Q[VB\APBNXK@CZCDDF
	UC[QR@\_NP2
BIBDXUVO	AY[O@QPTJWNPKJA[QXJ	^UCAQR@^C\SNLC	SXIQY JFXTXAR<	QVCRBOVPMCBXQ
2NMHQSSH__NP2
@IBDXWAR^[GHP<[NNISS3YIEXTHAR	[YRPJUF\ANLE@@K@]CXJ(HNI]AR_EQIS_V_NM[QQQM\CN]@T^@@QAYGDXFVO RAY[^A^ER^KJ,
EVRVJARUCQTSH__NE8	NXKAC[ @XJ(JNI]AR]HKJ_[RK@,SQNF	&^QV@R^KJXIBYE@XTVO AYT@^K\]@S=
 QNYTJ\\N ACTG@SY^NXXABY	CDJHX KAYAK]ATARLE BQQAEZ\J]R@N
<	SX\KJ@@AD[ @XJ  3[YRQI\B_]@S=
QNYTJ^@NENSRQ&]F\SX	,AFJ^K]@^@UACZBXHU^KJQQCFXRJAR	
 <	@@TWX\@@]QNYQJARPACNG^ER^EDOYIV\VN]@\N[[	BNK@ZSX]\@VQX+RV^GUA
[VA[AS\E%IBFXTK_\N	 &
QLVX]_VQA\BG7\HOJN 3\]Y]\PVQAQNYUOX@\\[[QVFTZWDO	nKOJ]\GHOA SXVKJ@IQFXRN]@N@U^QVSP^SX]NNXDEJ^X_@ZXGIAOA.AJW^RVQIF_TK^\N<
NI]CR^TDO	nIOJ]\GJOAK[C]B=VERNE, _RV]GIQOANKS_W[]\NXTVRSMUE\@U,ER\\RK_QTF@UC@NJNINCRWWXO@@TAVRFH]IZ\G[OA 	@@TUXTZRJQ_IR;	NMKSOAQVCU^TDO,UQNYVJ]A_@U,ER\\RI_IDDYW%U@NV[3PUJW]RJA_ITJ^K]HZTGIOASXYQZ]@@R+
ANVFISRO[ L_XANQNJVJ]@\\UUA^SXLWX]\RX_QPUXWR^\GISSAUN1GNXHC_IXVRVM]A_@U&NKS\WY^@@R+
CNVFISPUNA[AS]j_YOVXT 7^NMHSSQUN@TVZ]YRJ_Q^F@ZE\^GUA	.EYOVSJCBGOJT][[	@NK@\TZ]\@VQ
]ZF@OB\_EISAO[ _]J_\QHCCIQ2[YQSUNSX\WY^@@nJ^K_@\]DUA	.E[OVSJC@QF_TJT/XYUCA
=L_NXKCCYQXWBU\EISOA		@TUZY\NXT 7]NMHSSRUN	]\X@@T@VRFBU@\\UUA^SXL_X]\@VQ
]YF@OHT\GIAOA.AJW^RVQIF_TJT\N<
NI]CR^^DO	nIOJ]\GJOAK[C\H=ZERNE, _RV]GIQOANKPYQX]@@
CQN[UHZ@@N 3_]Y]\SVQGJ^NY\NP[VQTEZ^EDOYIVPPB]@N@U]QVSZZWXO@@nXWB\@UAYK[C\HNLQ3QIZCDX]VO

< _SX_W[@@HDC[,@_F@R	
 <	C@TWX_@@I@EPRJ]\NAC_G^CRB	,AEJ^K]@]@UNIXFNLC	QXIQRGDXFVO QAY[UGXARLE BQQJ@\TJO\N<NKP^E	NXHDC[_V/UCRQSI\J@SS3XIEXTI\N^@ISZ<MZQV
@S=
QNYTJ_\N		AYPIXA\ANLE@@@@YCXJ(HNI]AR_EQI__V_NM[ZRQI\Q@SY_NXXJBYCVDF	F[YAZH^C\SNLV3IADDF	RV^@ISZO[=QER\^RJCJG/PAYH\C_NLPX]U=NBQQJQ3	QAC]C\CNLPOVPIKA[_VNVEAWQSUN
A8KQIZCEDF	 UCWRO[ ]]JZYPJCQG_RVN@LQSS[@QPVJWNUOAC[_V/AYQI@Q@TPX]UNXA,F@\B\\G@OA
=L^NXKCCXL_VZSJ]I3XG[YA
	1A^@@BC[_V
OJ^^AJSSO[LU_YURVQW; 	]UCRSSH@Q YERY\NXDGJ^XZB\\G[OA 	C@TPZ]\RX_QPUXWR[^GISAO[=TOVPJ_QUQNZSJ]I@N<QV@P^WQANE, ^RV]GIPO[^D\A[1TJW@R+
BNVFISQO[	SX\T\]\NXTVRWJ^A\@U,ER\\RK_QTF@YC@NJNINISXWJANQNJ\K[@\N[[	BNK@VQX]NNX_,	OJ^\[[
AC^D\A[B=QQ ADXTCAR	
 <	B@TWX^NXAD[J+\VXWN	 &
PLVX]^NXIF]TL]@@N[VAUBT^E
,HYF@\@\][[ QVEPB	IQIIK@XTXARQACNDTER^KJBIQCPPJ]R@N
<	SX\KJ@@AD[JXJ  3[YRQI\CU]@S=
QNYTJ^@NENSRU&[KNKLP%
TAVRUJ]B@NAYH\A]DR^EQI\KBXHX
	<		BNKS^VDO IDLDF	D[YAR@_E\A@B	HQII JG^TJO\NR[VQ]HQXWJAN4C F@_@@NAYQN\BZ]@
G2XIBYCE^HX
	<		@NKS^TANPMCB]nDMJ^O

< ^SX_WZANQQ CA[\J]\NAC[A^BRB	,AEJ^K]@]@UNI[HNLC	QXIQZELXTXARQACNBUGZ^EDOZIVY]LU@\N[[ 
3LUXANQIYCE^HX	(AYH^C\@TB	,AGJ^K]@_[[QTSIU,XH@TNE
,HZF@\@\^[[[V@XIZ^KJQQEF]TVO

< ]SX_WYANI@QHX JAYAH\CTARLE AQQBDX\J]R@NHNIN@R^WXO@@nXWB\@UAYK[C\HNLQ3QIZCDX]VO

< _SX_W[@@HDC[,@PF@R	
 <	C@TWX_@@I@G[QJ]\NAC_F^BRB	,AEJ^K]@]@UNIXINLC	QXIQREDXFVO QAY[UDZARLE BQQJC^TJO\N<NKP^E	NXHDC[_V/UCRQSI\J@SS3XIEXTI\N^@IRQ<HTCNKLP%
TAVRUJ]B@NAYH\KTGW^KJQQDCYRJAR	
 <	@@TWX\@@]QNY\JARPACNF^AR^EDOYIV]VJ]@\N[[	BNK@[WX]\@VQX+RV^GUA
[VA[AS\E%IBFXTK_\N	 &
QLVX]_VQA\AB7]COJN 3\]Y]\PVQAQNY\M\H\\[[QV@R\^XANE, \RV]GIROA		@T^DOXIVZRJU@\N[[	ANK@\WP]\@VQ
]YF@OBZ\OISAO[=TOVPJ_QUQNZSJ_F@N<QV@P^U^ANE, ^RV]GIPO[^D\CW1S^OVXT 7^NMHSSQUN@T Q^^XRJ_Q^F@\I^UNIOA
=L\NXKCCZQRV]COOA 	B@TSY\^RJQ_IGHOJNXFHQSS[@QPVJWNVKBA[QXJ3AYK\_NLU_]^WVQ^+ XWA^\GKVOA
	1A_@@BC[XJVM]BZ3NAAY[	
j	PXIB[AXJRV]OKQQSI@QGER\\RLDCG/RAYH\C]]@PNXCK_IGIOJN^BNUSS[@QPUJWNPODE[QXJ	]UCAQVNZC\SNLV3IADDF	RV^@IQUO[=QER\^RJAEG/PAYH\C_NLPX\^=KKFIV3 Q[VB\APBNXKBKSCDXHX	[YQZIUB\]@S=
 QNYTJ\\N AC]KY]@T_@@QFXCDXFVO QAY[Y@ZAR^KJBIQA[RJ]@N@U
&@TWDOXIA\BFDF3AYRK\C]CNLP%
T@VRUJ]C@UKTSRK3BTE@TNE
,HZF@\@\^[[[VB]GZ_ WXANIFP\K^@@N 3_]Y]\SVQGJ^KUD@NJNINDQ\WXO@@TAVRFO^BT\G[OA 	@@TR[_TRJQ_IR;	NMKSOAQVCU^UDO,UQNYVJ]A^@U,ER\\RI_IDDYW%\IUNMA	.EZOVSJCAGF@\E\Y@ISSO[LT[\_QJ_QW%		F[YRSI]_NPJW][C_QPWXWRYTGASSAUNEROYZJKC[_V]NM[V[SA\CN]@Z2QQCXJOJ^[GHPOA.
]Y_\RK@_IT2JAYRI\@]@\WY^3SCKQQJQ3	QAC]C\CNLPOVSNKBZCDDF
	UCPQ[JYC@SS3ZIEXTKAR 	AYHUK@SY^NXXFD\CDJHX KAYAL[DZARLE BQQFC_RJ]R@N
<	SX\KJ@@AD[ @XJ  3[YRQI\B_]@S=
QNYTJ^@NENSRQ&]KUSX	,AFJ^K]@^@UAC]A[BT^WDOI@DZUM]\N	 &
SLVX]]NXTVRUBT\NP[VQYEZVWJANQNJQNUH\\UUA]SXL SPU\RX_Q^7NVEIOA
NI^FR_KJ	
,IEZTJ\B@N 3]]Y]\Q_QYCEZ;KUHNV[3PUJW]RJA_ITJ^K_E]U@ISOA		@T^Q^_RVQW; 	]UCRSSH@Q YER\TZVQ
][F@OEXYAISAO[ \]JXXWLCCIQ	ANVULWVUI\Q@S\	7QIY_V XWB[\FKOA3LVZ]\SH_QW%		D[YRSI_@SPYU^2URXIIT2KAYRI\A@SEER\XTJBC[QRVTOHVSO[	
j	SXIB[BXJ NM@SOAQLEZ^^RJCQG_RVNEJQSSIN_N@YOV@H@A[CVDF3AC^C@S
]ZZ\PL_QC7OJ]^GIQUO[	
j	QXIB[@	DFHZ@\T(M[AYN
A8HQIZCFDF NVDJPVSI@QGER^YPIC_IT2HAYRI\B@SCOVVB_QPWXWRU[AISAO[ \]JT[TJCQG\RVNNNUSS[@Q j		@@ACGJ^HZ@\T[[	3SX_WX]TNXT 7_NMHSSP@Q^FR^8\TNXQW; 	^UCRSSK@Q		LT\UTRJ_Q^F@^F^YGUA	.EYOVSJCBGOJXU[[	@NK@_WP]\@VQ
]ZF@OA\\OISAO[ _]J\\RBCCIQ2[YQSUNSX\WXU@@nJ^K_@\\OUA	.E[OVSJC@QF_TH[/U_UCA
=L_NXKCCYQXWAYTONSSO[L^ZZYRVQW; 	]UCRSSH@Q YERT_NXDGJ^X_D]ZGIAOAPLEZY]TJCQG\RVNEMRUSIN_N[8XIA[QF@_G\^AUA,@TUX]^TVQW; 	_UCRSSJ_NCU^_7Y^@@QW%		E[YRSI^_N]ZX\TJC_IAXWBU_AIOA
=L\NXKCCZQRVXEUA_SXL_\]\@VQ
]ZF@OGTXGIAOASLE_UXRJQ_IR;	NMKSOAQVCU^_DO,UQNYVJ]@T@U,ER\\RI_IDDX\%YCNV[3PUJW]RJA_ITJ^H[CX\GUA	NKQ^VXANE, \RV]GIROA		@TTDOXIVPUL]@N@U^QVSZ_WXO@@TBVRFB\F\\UUA ,]Z]@@QQDDX\VO&
AC]A\ARVE
,H[F@\@\_
UAQTI\K3ERLJ
4E
VXWA\\EUA	NI^CT]WDOIAC\]JAR	
 <	@@TWX\@@]QN\TVO PAY[[A\ARLE AQQDFXTJO\NR[VQ[CR^EDO,PJ^H]\N[YQTI\K@SZ7@@BA[CLDF	&_QV@R^DO^UJCK4BVRX
	<		ANKS^UDO	
QIYKFXTVO AYQAXA\]@S=
 QNYTJ\\N ACXB@SY^NXXDFYCVDF	E[YATL^C\SNLC	SXIQ\ADXFVO&NI^ANL\JW^UJCKG%NVFKSSSA@Q	V7@QQ CD[VOB[\GA<WU[VNP2
AIBDXVVOUCPSWK\C@SBOVQIAA[Q3	RAC]C\@NLY @@GEG^RVNNHQSS[@QPUJWN[KAC[_V]NM[ZRQI\Q@S\	7QIY_V XWB[\GAOA3LVZ]\RB_QW%		D[YRSI_@SPYWP2XUXIIT2KAYRI\A@SEER^]ZLCCGOJ_XEKSOA
	1A]@@BC[ _VNVCNOA 	B@T^\Y\RX_QPVXWRUXCISAO[ _]JTXVJCQG
%	UCQSO[NKPYWPAN4XVRUH]@\T[[3PTJW]RJ@GACXTB2DXNMA	.EZOVSJCAGF@_GZZGIOASX]U_]@@R+
ANVFISRO[ LS\ANQNJ\NU@\N[[	ANK@V_X]NNXDEJ^XUDT\G[OA 3PER_\NXIACXTBAR	<
[VB^AR^KJ
4E
WXWA\\DOAQN\CT.V[]O	nHOJ]\GKOAQVC[^WXANIGZVN]\N	 &
SLVX]]NXTVRPOARPACNKTAR^KJAIQLPTJ]R@NHNINIZ^WJAN4C F@_@@NAYQN\CT]@
G2XIBYCDPHX
	<		@NKS^TANPMCBZnB@XF@R	
 <	C@TWX_@@IGMP]O]@@N[VB[HUWKJ
4E
UXWA\\FUA	NKSZKJ@IQGQVJ]@N@U^QVSQWWX]NNXDEJ^X^I^\GIAOA.AJW^RVQIF_TK\\N<
NI]CR^VDO	nIOJ]\GJOAK[C]@=_VJW@R+
BNVFISQO[	SX[^__\RVQFJ^KUAUZGUA	.EYOVSJCBGOJ]XFUA_SXL^]_\RX_QPVXWR_UBKSSAUNERO_[OAC[_V/AYQI@Q@TPX\]NXA,F@\B\\FHOA
=L^NXKCCXL_VZSJ\A3]CKAY[	
j	PXIB[AXJRVYEIU[SI@QGER\TVKGCG/RAYH\C]]@PNXKGAG^RVND@[WSIN_N@ZOV@IJK_CVDF	F[YAP@TG\A@B=IFXHXNVENSRRUN1\JW]PJCBZQ3	PAC]C\BBU_]]S%BGXIJ(KNI]AR\E@@F@Z	ADXHX	[YR[O_@\]@S=
 QNYTJ\\N AC]G_]@T_@@QG[ EDXFVO QAY[XC]GR^KJBIQ@XUL]@N@U
&@TWDOXIA\BEDF3AYRK\C]@NLP%
T@VRUJ]C@UKTSRH3BXE@TNE
,HZF@\@\^[[[VFXBSZWDOIBLPQN]\N	 &
SLVX]]NXTVRUNY\NP[VQXAVVWJANQNJPJYH\\UUA]SXLW\U\RX_Q^7NVEIOA
NI^FR_KJ	
,IEZTJ\A@N 3]]Y]\Q_QYCEY;KYENV[3PUJW]RJA_ITJ^OXDZYGIOASX_W_[\NXT 7]NMHSSRUN	]YYYNXDGJ^XY@T\GIAOAPLE\]TRJCQG\RVNCI[SSIN_N[8XIA[QF@_G\]FUA,@TUX]]SVQW; 	_UCRSSJ_NCU^_7\XZXIIT2KAYRI\A@SEERXURHKC[QRV]NNVSSUN
A8KQIZCEDF	 UCRW[UNEROXSMEC[_V^NM[WRTO\CN]@T]@@QGZEDXFVO&NI^ANL\JW^UJCKG%NVFKSSSA@Q	V7@QQ CD[VOB[\GA<RW@NISS3YIEXTHAR	[YUSKY@\ANLE@@BJRDDDF	&]QV@R^KJ	QQ GMDF	D[YAWK\K\A@B	HQIIADPTJO\NR[VQXCRVWJAN4C F@_@@NAYQN\CT]@
G2XIBYCDPHX
	<		@NKS^TANPMCCSnB@^F@R	
 <	C@TWX_@@IFB^WN]@@N[VBUC[WKJ
4E
UXWA\\FUA	NKSZKJ@IQ@YUH]@N@U^QVSV_UX]NNXDEJ^XYA]^GIAOA.AJW^RVQIF_TJU\N<
NI]CR^_DO	nIOJ]\GJOAK[C\I=_PJW@R+
BNVFISQO[	SX[_Z_\RVQFJ^KTE^XGUA	.EYOVSJCBGOJ]X@UA_SXLV\Y\RX_QPVXWRX]CMSSAUNEROXSNGC[_V/AYQI@Q@TPX]TNXA,F@\B\\GAOA
=L^NXKCCXL_VZSJ]H3]CMAY[	
j	PXIB[AXJRVYCJRWSI@QGER\TZOGCG/RAYH\C]]@PNXKGGG^RVNCIW[SIN_N@ZOV@NCGSCVDF	F[YAWIXK\A@B=IFXHXNVENSS[UN1\JW]PJCCSQ3	PAC]C\BBU_]\Z%BG^IJ(KNI]AR\E@@FF_FDXHX	[YRZI[E\]@S=
 QNYTJ\\N AC]GY]@T_@@QG[	CDXFVO QAY[XCTAR^KJBIQ@X\J]@N@U
&@TWDOXIA\CLDF3AYRK\C\INLP%
T@VRUJ]C@UKTSSA3BXC@TNE
,HZF@\@\^[[[VF^ATVWDOIBL\UN]\N	 &
SLVX]]NXTVRUN_\NP[VQ_HZZWJANQNJWCUD\\UUA]SXL^PY\RX_Q^7NVEIOA
NI^FR^KJ	
,IEZTJ]H@N 3]]Y]\Q_QYCDP;KYCNV[3PUJW]RJA_ITJ^O^AT^GIOASX_Q[^\NXT 7]NMHSSRUN	]YY_NXDGJ^XY@]ZGIAOAPLE\]]TJCQG\RVNCIRUSIN_N[8XIA[QF@_G\\OUA,@TUX]\ZVQW; 	_UCRSSJ_NCU^_7\XRXIIT2KAYRI\A@SEERYUZCFC[QRV]@@TZSUN
A8KQIZCEDF	 UCRWSUNERO_[HCC[_V^NM[PZQI\CN]@T]@@Q@RCDXFVO&NI^ANL\JW^UJCKG%NVFKSSSA@Q	V7@QQ CD[VOB[\GA<RWHNISS3YIEXTHAR	[YVS@[A\ANLE@@BKZEDDF	&]QV@R^KJ	QQ GEDF	D[YAP@YA\A@B	HQIIJAZTJO\NR[VQ_HW\WJAN4C F@_@@NAYQN\CT]@
G2XIBYCDPHX
	<		@NKS^TANPMCB^nBDPF@R	
 <	C@TWX_@@IAG^SK]@@N[VB]FVZKJ
4E
UXWA\\FUA	NKS^KJ@IQFP]L]@N@U^QVSPVQX]NNXDEJ^X_HUZGIAOA.AJW^RVQIF_TKX\N<
NI]CR^RDO	nIOJ]\GJOAK[C]D=_^JW@R+
BNVFISQO[	SX\U_Z\RVQFJ^K\I]UGUA	.EYOVSJCBGOJ]\NUA_SXL^ZU\RX_QPVXWR^UEASSAUNERO^[HKC[_V/AYQI@Q@TPX\YNXA,F@\B\\FLOA
=L^NXKCCXL_VZSJ\E3]GIAY[	
j	PXIB[AXJRV]NKQWSI@QGER\\QCACG/RAYH\C]]@PNXKCCG^RVNEOWSSIN_N@ZOV@HEG[CVDF	F[YAQOXC\A@B=IFXHXNVENSRVUN1\JW]PJCB^Q3	PAC]C\BBU_]]W%BCZIJ(KNI]AR\E@@BJ\BDXHX	[YRSLYD\]@S=
 QNYTJ\\N AC]C]]@T_@@QA]ADXFVO QAY[^E[CR^KJBIQF^SH]@N@U
&@TWDOXIA\BADF3AYRK\C]DNLP%
T@VRUJ]C@UKTSRL3B\C@TNE
,HZF@\@\^[[[VA\CTWWDOIBD_VI]\N	 &
SLVX]]NXTVRUJ_\NP[VQ^FRZWJANQNJVM]D\\UUA]SXLPXY\RX_Q^7NVEIOA
NI^FR_ KJ	
,IEZTJ\E@N 3]]Y]\Q_QYCE];K]CNV[3PUJW]RJA_ITJ^H]H\TGIOASX__Q]\NXT 7]NMHSSRUN	]Y]_NXDGJ^X_G_ZGIAOAPLEZZ_TJCQG\RVNENPUSIN_N[8XIA[QF@_G\]BUA,@TUX]]WVQW; 	_UCRSSJ_NCU^R7\\VXIIT2KAYRI\A@SEER_]QOKC[QRV]FIV[SUN
A8KQIZCEDF	 UCRSWUNERO^ULKC[_V^NM[QTUA\CN]@T]@@QA\KDXFVO&NI^ANL\JW^UJBFG%NVFKSSRL@Q	V7@QQ CD[VOB[\FL<RSLNISS3YIEXTHAR	[YQR@]J\ANLE@@BBYKDDF	&]QV@R^KJ	QQ CADF	D[YAQA\C\A@B	HQIIKDXTJO\NR[VQ^IR^WJAN4C F@_@@NAYQN\BY]@
G2XIBYCE]HX
	<		@NKS^TANPMCB^nBD^F@R	
 <	C@TWX_@@IAF\]H]@@N[VB]B[WKJ
4E
UXWA\\FUA	NKS^KJ@IQFPWH]@N@U^QVSPVUX]NNXDEJ^X_H_^GIAOA.AJW^RVQIF_TKX\N<
NI]CR^RDO	nIOJ]\GJOAK[C]D=_PJW@R+
BNVFISQO[	SX\W_[\RVQFJ^K\E[]GUA	.EYOVSJCBGOJ]\@UA_SXL_^Y\RX_QPVXWR^TAMSSAUNERO^ZLGC[_V/AYQI@Q@TPX\YNXA,F@\B\\FLOA
=L^NXKCCXL_VZSJ]F3_N[YA
	1A^@@BC[_V
OJ^]CASSO[LU^X[RVQW; 	]UCRSSH@Q YER^UNXDGJ^X[HT\G[OA 	C@TQPU\RX_QPUXWRZTOISAO[=TOVSO_QUQNZSJ]F@N<QV@P^W^ANE, ^RV]GIPO[^D\AT1_JW@R+
BNVFISQO[	SX\T^]\NXTVRVO[G\@U,ER\\RK_QTF@^H@NJNINGWXWJANQNJRO[@\N[[	BNK@X QX]NNX_,	OJ]Y[[
AC^D\ATB=QQ ADXTLAR	
 <	B@TWX^NXAD[F+YPCOJN 3\]Y]\PVQAQN^THXC\\[[QV@[WPXANE, \RV]GIROA		@TSQANQNJPH]H\\UUA^SXLUXU\RX_QPUXWRX^GASSAUN1GNXHC_IXVRVM]BY@U&NKS\WZX@@R+
CNVFISPUNA[AP[jV\UNXQW; 	^UCRSSK@Q		LRQ]^ZJC_IAXWAU[BISOA
	1A]@@BC[ _VNVFM[OAQLE\\[TJCQG_RVNCHTUSIN_N@YOV@NBD]CVDF3AC^C@S
]ZZ\PO_QC7OJ]^GIQVO[	
j	QXIB[@	DFHZ@\Z(JRAYN
A8HQIZCFDF NVFJVQSI@QGER\UTOC_IT2HAYRI\B@SCOVQK_QPWXWRX_EISAO[ \]JY_PJCQG\RVNCJQSS[@Q j		@@BFGJ^HZ@\Z[[	3SX_WX]ZNXT 7_NMHSSP@Q^FR^8[]NXQW; 	^UCRSSK@Q		LVZ[TRJ_Q^F@\HTXGUA	.EYOVSJCBGOJ_\[[	@NK@ZWX]NNXDFJ^XY@\\G[OA 	@@TSX]\RX_Q^7NVFLOA
NI^FR^KJ	
,IEZTJ]F@N 3]]Y]\Q_QYCD^;I^RVU,ER\\RH_QIVRUO^@\\[[QVCS]WDO	nKOJ]\GHOA SX]KJ@IQ@QRJ]R@NKNINE[XWJAN QNJPC[@\N[[ 
3LV]ANQIYCD^HX	(AYH^C\ATB	,AGJ^K]@_[[QTSIZ,_C@TNE
,HZF@\@\^[[[VBXB[^KJQQC@PTVO

< ]SX_WYANIGZHX JAYAMZG\A@B	HQIIE@XTXARRACNGZER^KJ,
EVRUOARUCQTSIZ_NE8	NXKAC[EXJ(JNI]AR]HKJ_[RJE,XQNF	&^QV@R^KJXIB\ADXHX	[YQPI_C@SS3ZIEXTKAR 	AYJY_N@[OV@OEC[QXJ	^UCAVUI\CN]@T]@@QF]CDJHX([VBY]@QER_[RJE_IU;	RV]EISSUUN
A8IQIZCGHX_G\\A&PWACQ	V7AQQ CDZHXNMHUQWI\_NPJW^PKDCG/RAYH\C]]@PNXIG_IGIOJNYEASSAUNEROYPBCCIQ	ANVULQ[SIN_N[8XIB^QF@_G\\AUA,@TUX]\TVQW; 	_UCRSSJ_NCU^Q7^[@@QW%		E[YRSI^_N]YT^ZJC_IAXWBX[OIOA
=L\NXKCCZQRV_@UA_SXLU\]\@VQ
]ZF@OF^XGIAOASLE^_XRJQ_IR;	NMHVOAQVCU^QDO,UQNYVJ]@Z@U,ER\\RI_IDDXR%^FNV[3PUJW]RJA_ITJ^KUB_\GUA	NKP]WXANE, \RV]GIROA		@TQDOXIV]]H]@N@U^QVSWWWXO@@TBVRFOTB\\UUA ,]YX@@QQDDXRVO&
AC]A\ARXE
,H[F@\@\_
UAQTI^E3@TV]O	nHOJ]\GKOAQVIUZ^X]@@
CQNZPO[A\@U,ER\\RK_QTF@\FT@U_QVSVVQX]NNXDFJ^XYH]ZGIAOASLE\U]TJCQG
%	UCQSO[NKPYU^AN4XVRUH]@^Z[[3PTJW]RJ@GACXVL2AZUUCA
=L_NXKCCYQXWHU]GISSO[LU\U]TJ_QW%		F[YRSI]_NPJW]TC_QPWXWRXTCASSAUNEROXZNKC[_V]NM[W[WA\CN]@Z2QQCXJOJ^[GKUOA.
]Y_\RHE_IT2JAYRI\@]@\WY\3SOEQQJQ3	QAC]C\CNLPOVTC@K]CXJNMKRUSA\_NP2
BIBDXUVO	AYRLZ_N@[OV@NG@YCVDF	E[YAWM_A\A@B	KQIIGGZTJO\N<NKP^E	NXHDCZ _V/UCRQSI]B@SS3XIEXTI\N^@IQU<HZCNKLP%
TAVRUJ]B@NAYNYCYDR^EQIYFCXTVO

< ]SX_WYANIE^TVO PAY[XFZAR^KJAIQ@]RJ]@N@U]QVSV[WX]NNX_,	OJ^\[[
AC^D\CTB=QQ ADXVLAR	
 <	B@TWX^NXAD[E+YRKOJN 3\]Y]\PVQAQN_RO_F\\[[QVCPVSXANE, \RV]GIROA		@TQYANQNJPOTB\\UUA^SXLRQ_\RX_QPUXWRXYNKSSAUN1GNXHC_IXVRVM]BZ@U&NKS\WZ[@@R+
CNVFISPUNA[APXjV^_NXQW; 	^UCRSSK@Q		LPP]][JC_IAXWB_\B@SOA
	1A]@@BC[ _VNVFOQOAQLE\[^VJCQG_RVNCOQWSIN_N@YOV@NEA_CVDF3AC^C@S
]ZZ\PL_QC7OJ]^GIQUO[	
j	QXIB[@	DFHZ@^Z(HUPACQ	V7AQQ CDZHXNMNZVPM\C@SBOVPI@C]_V3 R[VB\ASB	XIB]_V_NM[WUVO\CN]@T^@@QG]EDXFVO RAY[XEYGR^KJ,
EVRVJARUCQTSKZ_NE8	NXKAC[EXJ(JNI]AR]HKJ_[RHE,ZGVRX
	<		ANKS^UDO	
QIS CCZTJAR AYK_FYERB	,AEJ^K]@]@UNI]GVB	IQIIELPTJO\NQ[VQXGZVWJAN QNJPLUH\\UUA ,]Z]@@QQDDZRVO&
AC]A\APXE
,H[F@\@\_
UAQTI^E3@T[]O	nHOJ]\GKOAQVIPXUX]@@
CQNZWB]D\@U,ER\\RK_QTF@\FY@U_QVSVYWX]NNXDFJ^XYG^\GIAOASLE\Z^RJCQG
%	UCQSO[NKPYU^AN4XVRUH]@^Z[[3PTJW]RJ@GACXVL2AZZUCA
=L_NXKCCYQXWHX^FLSSO[LU\]YWJ_QW%		F[YRSI]_NPJW]TL_QPWXWRX[BKSSAUNEROXUOAC[_V]NM[WTVK\CN]@Z2QQCXJOJ^[GKUOA.
]Y_\RHE_IT2JAYRI\@]@\WZ[3SLDQQJQ3	QAC]C\CNLPOVZOKAZCXJNMKWPSN\_NP2
BIBDXUVO	AYRO[_N@[OV@NDK_CVDF	E[YAWNTG\A@B	KQIIDL\TJO\N<NKP^E	NXHDCY_V/UCRQSI^E@SS3XIEXTI\N^@IRR<HYGNKLP%
TAVRUJ]B@NAYOZE[DR^EQIY BG]TVO

< ]SX_WYANIE]PVO PAY[X@ZIR^KJAIQ@[RB]@N@U]QVSV]_X]NNX_,	OJ^\[[
AC^D\@SB=QQ ADXUKAR	
 <	B@TWX^NXAD[ B+YQIOJN 3\]Y]\PVQAQN^QIX@\\[[QVCRWVXANE, \RV]GIROA		@TR[ANQNJPI^F\\UUA^SXLT[[\RX_QPUXWRX_DOSSAUN1GNXHC_IXVRVM]A]@U&NKS\WY\@@R+
CNVFISPUNA[AS\jV]ZNXQW; 	^UCRSSK@Q		LPXZ[PJC_IAXWB]TCOSOA
	1A]@@BC[ _VNVFLTOAQLE\YZVJCQG_RVNCMUWSIN_N@YOV@NGE_CVDF3AC^C@S
]ZZ\SH_QC7OJ]^GIRQO[	
j	QXIB[@	DFHZ@]](HVQACQ	V7AQQ CDZHXNMOWSWL\C@SBOVPJEES_V3 R[VB\ASB	XIB^_V_NM[WPSM\CN]@T^@@QGXGDXFVO RAY[X@\ER^KJ,
EVRVJARUCQTSH]_NE8	NXKAC[ BXJ(JNI]AR]HKJ_[RKB,ZBVRX
	<		ANKS^UDO	
QI]DBYTJAR AYK\G_GRB	,AEJ^K]@]@UNI]DSB	IQIIACZTJO\NQ[VQXCU\WJAN QNJPHZB\\UUA ,]Z]@@QQDDYUVO&
AC]A\AS_E
,H[F@\@\_
UAQTI]B3@W^]O	nHOJ]\GKOAQVGSZPX]@@
CQNZTH]F\@U,ER\\RK_QTF@\E\@U_QVSV\WX]NNXDFJ^XYBX\GIAOASLE\_XRJCQG
%	UCQSO[NKPYVYAN4XVRUH]@]][[3PTJW]RJ@GACXUH2AYTUCA
=L_NXKCCYQXWG^]@@SSO[LUZ]TTJ_QW%		F[YRSI]_NPJW]WB_QPWXWRXXNOSSAUNEROXVCEC[_V]NM[WWZO\CN]@Z2QQCXJOJ^[GHQOA.
]Y_\RKA_IT2JAYRI\@]@\WY[3SBJQQJQ3	QAC]C\CNLPOVSHD@]CDDF
	UCPSQH[C@SS3ZIEXTKAR 	AYHTJ@SY^NXXFGS	CDJHX KAYALXKTARLE BQQF@P\J]R@N
<	SX\KJ@@AD[ EXJ  3[YRQI\BZ]@S=
QNYTJ^@NENSRQ&]FUSX	,AFJ^K]@^@UAC[@ZAU^KJQQAGZSJAR	
 <	@@TWX\@@]QNYQCARPACNGYCZ^EDOYIV\QHU@\N[[	BNK@Z UP]\@VQX+RV^GUA
[VA[AS\E%IBFXTK_\N	 &
QLVX]_VQA\BB7UBURVU,ER\\RH_QIVRUHXAU[GIOASX\^[^\NXT 7]NMHSSRUN	]YUTNXDGJ^XXDYZGIAOAPLE]YYTJCQG\RVNBMVUSIN_N[8XIA[QF@_G\]AUA,@TUX]]TVQW; 	_UCRSSJ_NCU^T7\UQXIIT2KAYRI\A@SEER\_THJG[_VNVDHPUUI@Q	V7BQQ CDYHX	[YRZJ@QPTJWNWLBE[QXJ	^UCAVUHZC\SNLC	SXIQ^BBXTXAR<	QVCRBOVPMCBXQ
2NMHQSSH__NP2
@IBDXWAR^[GIT<VMNISS3YIEXTHAR	[YWPK_C\]@ZNXNBFZ_V3 R[VB\ASB	XIF_Q	CNVUHRU[I\Q@SY_NXXBB]	CDJHX HAYAH]ETARLE%TQNZTVONMKTSSN@QjOVSHCC[_V3 P[VB\AQEZZ\RM,F^IJ(KNI]AR\E@@GF[CDDF
	UCWQUI\_NP2
BIBDXUVO	AYVL@QPTJWNSHCC[QXJ	^UCARQI\C\SNLC	SXIQZCDXTXAR<	QVCRBOVPMCC\Q
2NMHQSSI[_NP2
@IBDXWAR^[GIT<VONISS3YIEXTHAR	[YWU@^C\]@ZNXN@D[_V3 R[VB\ASB	XIF]Q	CNVUHQPQI\Q@SY_NXXBAXCDJHX HAYAH^@^ARLE%TQNZTVONMKTSSN@QjOVSHCC[_V3 P[VB\AQEZZ\RM,F\IJ(KNI]AR\E@@GKSCDDF
	UCWW[H\_NP2
BIBDXUVO	AYVN@QPTJWNSHEG[QXJ	^UCARQOXC\SNLC	SXIQZE@XTXAR<	QVCRBOVPMCC\Q
2NMHQSSI[_NP2
@IBDXWAR^[GIT<VINISS3YIEXTHAR	[YPUMYC\]@ZNXIDAS_V3 R[VB\ASB	XIF[Q	CNVUHSWSI\Q@SY_NXXBC_CDJHX HAYAH\G\ARLE%TQNZTVONMKTSSN@QjOVSHCC[_V3 P[VB\AQEZZ\RM,FZIJ(KNI]AR\E@@@K[CDDF
	UCP[PK\_NP2
BIBDXUVO	AYVH@QPTJWNSJDA[QXJ	^UCARSN^C\SNLC	SXIQZDFXTXAR<	QVCRBOVPMCC\Q
2NMHQSSI[_NP2
@IBDXWAR^[GIT<VKNISS3YIEXTHAR	[YPZNXC\]@ZNXIJ@\_V3 R[VB\ASB	XIFYQ	CNVUHRSWI\Q@SY_NXXBB[CDJHX HAYAH]CXARLE%TQNZTVONMKTSSN@QjOVSHCC[_V3 P[VB\AQEZZ\RM,FXIJ(KNI]AR\E@@GB_CDDF
	UCWSWJ\_NP2
BIBDXUVO	AYVJ@QPTJWNSK@E[QXJ	^UCARRJZC\SNLC	SXIQZ @BXTXAR<	QVCRBOVPMCC\Q
2NMHQSSI[_NP2
@IBDXWAR^[GKU<[KNISS3YIEXTHAR	[YRRLYC\ANLE@@DE_CXJ(HNI]AR_EQIS_V_NM[QSUM\CN]@T^@@QA[GDXFVO RAY[^CZER^KJ,
EVRVJARUCQTSKZ_NE8	NXKAC[EXJ(JNI]AR]HKJ_[RHE,SQNF	&^QV@R^KJXIBZCGXTVO AYTNTF\]@S=
 QNYTJ\\N ACT@@SY^NXXACRCDJHX KAYAK\JZARLE BQQADQRJ]R@N
<	SX\KJ@@AD[EXJ  3[YRQI\AZ]@S=
QNYTJ^@NENSQU&TCNKLP%
TAVRUJ]B@NAYH\KZIR^EQI\EFXHX
	<		BNKS^VDO IKDDF	D[YAQI\C\A@B	HQIICDXTJO\NR[VQ^AR^WJAN4C F@_@@NAYQN\AZ]@
G2XIBYCF^HX
	<		@NKS^TANPMCA]nKEJ^O

< ^SX_WZANQQ BFXQJ]\NAC[F\CRB	,AEJ^K]@]@UNIT@NLC	QXIQY@FXTXARQACNA\BP^EDOZIVZTI_@\N[[ 
3LUXANQIYCF^HX	(AYH^C\CTB	,AGJ^K]@_[[QTSI[,YI@TNE
,HZF@\@\^[[[VF\IS^KJQQFM[TVO

< ]SX_WYANIAPHX JAYAH^JZARLE AQQBFQRJ]R@NHNIN@PWWXO@@nXWB\@UAYK[C\FNLQ3QIZCDXSVO

< _SX_W[@@HDC[,AQF@R	
 <	C@TWX_@@IFFPWJ]\NACXD\GRB	,AEJ^K]@]@UNIYHNLC	QXIQZALXTXARQACNB_CZ^EDOZIVYWHU@\N[[ 
3LUXANQIYCD_HX	(AYH^C\AUB	,AGJ^K]@_[[QTSKZ,TE@TNE
,HZF@\@\^[[[VB^CTZWDOIDMZ\JAR	
 <	@@TWX\@@]QNPPVO PAY[^B^IR^KJAIQFYVB]@N@U]QVSP__X]NNX_,	OJ^\[[
AC^D\CTB=QQ ADXVLAR	
 <	B@TWX^NXAD[E+PQXWN	 &
PLVX]^NXIEZRI^@\@U	NITAU]KJ
4E
UXWA\\FUA	NKZ[E @QQAE^TJ]R@NKNINCSXWXO@@TBVRFH\F\\G[OA 3PER_\NXIACXVLAR	<
[VB^AR\KJ
4E
WXWA\\DOAQN\B^.SW ERNE, _RV]GIQOANKSZ^[X\RVQFJ^I\IXUGUA	.EYOVSJCBGOJ]UBUA_SXL QP]\RX_QPVXWRYZOISSAUNEROYTBCC[_V/AYQI@Q@TPX\^NXA,F@\B\\FKOA
=L^NXKCCXL_VZSJ\E3[B[YA
	1A^@@BC[_V
OJU^OOSSO[LQ^U]RVQW; 	]UCRSSH@Q YERZYNXDGJ^X\HX\GIAOAPLEYUXRJCQG\RVNFAWSSIN_N[8XIA[QF@_G\]BUA,@TUX]]WVQW; 	_UCRSSJ_NCU^R7ZX@@QW%		E[YRSI^_N]PTURJC_IAXWFYXNIOA
=L\NXKCCZQRV[CUA_SXL_XU\RX_QPVXWR]TGASSAUNERO]ZJKC[_V/AYQI@Q@TPX\YNXA,F@\B\\FLOA
=L^NXKCCXL_VZSJ\E3[@[YA
	1A^@@BC[_V
OJUTN@SSO[LQQX\RVQW; 	]UCRSSH@Q YERZ[NXDGJ^X\I\XGIAOAPLEYT\VJCQG\RVNF@SWSIN_N[8XIA[QF@_G\]BUA,@TUX]]WVQW; 	_UCRSSJ_NCU^R7ZZ@@QW%		E[YRSI^_N]QXT[JC_IAXWFT]BIOA
=L\NXKCCZQRV[AUA_SXL___\RX_QPVXWR]T@KSSAUNERO]ZMAC[_V/AYQI@Q@TPX\YNXA,F@\B\\FLOA
=L^NXKCCXL_VZSJ\E3[F[YA
	1A^@@BC[_V
OJT]CISSO[LQYXURVQW; 	]UCRSSH@Q YERZ]NXDGJ^X\G]^GIAOAPLEYZ]PJCQG\RVNFNRQSIN_N[8XIA[QF@_G\]BUA,@TUX]]WVQW; 	_UCRSSJ_NCU^R7Z\@@QW%		E[YRSI^_N]_U[RJC_IAXWF\_FIOA
=L\NXKCCZQRV[GUA_SXLQP]\RX_QPVXWR]ZOISSAUNERO]TBCC[_V/AYQI@Q@TPX\YNXA,F@\B\\FLOA
=L^NXKCCXL_VZSJ\E3[D[YA
	1A^@@BC[_V
OJT[GISSO[LQ\\TRVQW; 	]UCRSSH@Q YERZ_NXDGJ^X\G[ZGIAOAPLEYZ[TJCQG\RVNFNTUSIN_N[8XIA[QF@_G\]BUA,@TUX]]WVQW; 	_UCRSSJ_NCU^R7Z^@@QW%		E[YRSI^_N]PY]UJC_IAXWF^TOIOA
=L\NXKCCZQRV[EUA_SXLP\Y\RX_QPVXWR][CMSSAUNERO]UNGC[_V/AYQI@Q@TPX\YNXA,F@\B\\FLOA
=L^NXKCCXL_VZSJ\E3[N[YA
	1A^@@BC[_V
OJ]\BJ[SSUN]__^QJ_QW%		F[YRSI]_NPJW[[VQ
][F@OAUZOISAO[ \]J\UTBCCIQ	ANVUHZU[I\Q@S\	7QIY_V XWB[\FLOA3LVZ]\SO_QW%		D[YRSI_@SPYV]2[ZXIIT2KAYRI\A@SEER\\PKFC[QRV[GAUSO[	
j	SXIB[BXJ NMN[OAQLEYT_TJCQG_RVNF@PUSIN_N@YOV@KJ@]CVDF3AC^C@S
]ZZ\SO_QC7OJ]^GIRVO[	
j	QXIB[@	DFHZ@\X(HW[ACQ	V7AQQ CDZHXNMLZSQA\C@SBOVSCDF[_V3 R[VB\ASB	XIB_	_V_NM[WRTO\CN]@T^@@QGZEDXFVO RAY[XB[GR^KJ,
EVRUJARUCQTSIX_NE8	NXKAC[GXJ(JNI]AR]HKJ_[RJG,ZJVRX
	<		ANKS^UDO	
QI]AA[TJAR AYHUJ[FRB	,AEJ^K]@]@UNI]E[B	IQIIADPTJO\NQ[VQXCRVWJAN QNJPH]H\\UUA ,]Y]@@QQDDXPVO&
AC]A\ARZE
,H[F@\@\_
UAQTI\G3@V\]O	nHOJ]\GKOAQVDP^_X]@@
CQNY\N\D\@U,ER\\RK_QTF@\D^@U_QVSQWSX]NNXDFJ^X^ITXGIAOASLE[TTVJCQG
%	UCRSO[NKPYW\AN4XVRUH]@\X[[3PTJW]RJ@GACXTN2AX_UCA
=L_NXKCCYQXWE_]OKSSO[LVP[_QJ_QW%		F[YRSI]_NPJW]VI_QPWXWRX\FOSSAUNEROXRKEC[_V]NM[WSRO\CN]@Z2QQ CXJOJ^[GIWOA.
]Y_\RJG_IT2JAYRI\@]@\WXY3SNCQQJQ3	QAC]C\CNLPOVVCKJ^CXJNMHTZT@\_NP2
BIBDXUVO	AYRM\_N@[OV@IJA[CVDF	E[YAP@^C\A@B	KQIIJFXTJO\N<NKS^E	NXHDC[_V/UCRQSI\G@SS3XIEXTI\N^@ISW<HXBNKLP%
TAVRUJ]B@NAYL\J[CR^EQIZ	BM^TVO

< ]SX_WYANIE\UVO PAY[_JYCR^KJAIQGQQH]@N@U]QVSQW UX]NNX_,	OJ]\[[
AC^D\AVB=QQ ADXTNAR	
 <	B@TWX^NXAD[G+YPLOJN 3\]Y]\PVQAQN]RL^D\\[[QV@[\^XANE, \RV]GIROA		@TS^ANQNJPK\B\\UUA^SXLVY_\RX_QPUXWRX]FKSSAUN1GNXKC_IXVRVM]@X@U&NKS\WXY@@R+
CNVFISPUNA[ARZjV\ZNXQW; 	^UCRSSK@Q		LR_U^PJC_IAXWAUYEMSOA
	1A]@@BC[ _VNVFMTOAQLE\\XVJCQG_RVNCHWWSIN_N@YOV@NBG_CVDF3AC]C@S
]ZZ\RN_QC7OJ]^GISWO[	
j	QXIB[@	DFHZ@\X(HWWACQ	V7AQQ CDZHXNMLWPRM\C@SBOVSBKF__V3 R[VB\ASB	XIB__V_NM[WSWA\CN]@T^@@QG[KDXFVO RAY[XCXIR^KJ,
EVRUJARUCQTSIX_NE8	NXKAC[GXJ(JNI]AR]HKJ_[RJG,ZFVRX
	<		ANKS^UDO	
QI^GB]TJAR AYHUC[GRB	,AEJ^K]@]@UNI]EWB	IQIICLXTJO\NQ[VQXAZ^WJAN QNJPJU@\\UUA ,]Y]@@QQDDXPVO&
AC]A\ARZE
,H[F@\@\_
UAQTI\A3CPLJ
4E
VXWA\\EUA	NI[AV^KJQQ ACZTVO

< ]SX_WYANIFZHX JAYAK[A\A@B	HQIIDFXTXARRACNA[CR^KJ,
EVRUJARUCQTSI^_NE8	NXKAC[AXJ(JNI]AR]HKJ_[RJA,YQNF	&^QV@R^KJXID]CDDF
	UCRPWL\_NP2
BIBDXUVO	AYQJ@QPTJWNPBKC[_V^NM[Q[[I\Q@SY\NXXAKSCVDF3AC]C@S
]ZZ\RH_QC7OJ]^GISQO[	
j	QXIB[@	DFHZ@\^(KSAYN
A8HQIZCFDF NVB@RSSUN]Y\_SJ_QW%		F[YRSI]_NPJW^RVQ
][F@OBX\GIAOAPLEZY\RJQ_IGKOJN^CISSAUN1GNXKC_IXVRVM]@^@U&NKS\WX_@@R+
CNVFISPUNA[AR\jUYOVXT 7^NMHSSQUN@TS^]\NXTVRUH]A\@U,ER\\RK_QTF@_A@NJNINCWXWJANQNJVO[@\N[[	BNK@\ QX]NNX_,	OJ]\[[
AC^D\APB=QQ ADXTHAR	
 <	B@TWX^NXAD[A+ZRXWN	 &
PLVX]^NXIM^WJ]\NAC]F[ARB	,AEJ^K]@]@UNI^GNLC	QXIQXEDXFVO QAY[_@ZARLE BQQ@G^TJO\N<NKS^E	NXHDC[_V/UCRQSI\A@SS3XIEXTI\N^@ISQ<K[QV
@S=
QNYTJ_\N		AYRI_F\ANLE@@BE_CXJ(HNI]AR_EQIY_V_NM[PVQI\Q@SY_NXX@FYCVDF	F[YAPL^C\SNLV3IBDDF	RV^@ISQO[=QER\^RJCAG/PAYH\C_NLPX]^=HGQQJQ3	QAC]C\CNLPOVZHKC[QRV]CHZSO[	
j	SXIB[BXJ NMKWOAQLE[]XRJQ_IGHOJN_GMSSAUNERO_RNCCIQ2[YRSUNSX\WX_@@nJ^K_@\\EUA	.E[OVSJC@QF_TJ_/^YUCA
=L_NXKCCYQXWHUXGIOASX_^\]@@R+
ANVFISRO[ LU]ANQNJWH]@\N[[	ANK@]WX]NNXDEJ^X^B\\G[OA 3PER\\NXIACXTHAR	<
[VB^AR^KJ
4E
WXWA\\DOAQN\C^.PV]O	nHOJ]\GKOAQV@S_WXANIE_VO]\N	 &
SLVX]]NXTVRVBARPACN@ZIR^KJAIQG^\J]R@NHNINBTVWJAN4C F@\@@NAYQN\C^]@
G2XIBYCDZHX
	<		@NKS^TANPMCCYnAMJ^O

< ^SX_WZANQQ BLPTJAR AYHTCXANLP%
TBVRUJ]A@N[VAU]@T_@@Q@SCDJHX KAYAJTG\A@B	KQIIK@XTXAR<	QV@RBOVPMCCYQ
2NMHQSSI^_NP2
@IBDXWAR^[GHQ<RA^QV
@S=
QNYTJ_\N		AYRH^DTGR^EQIY	ABZTVO

< ]SX_WYANIEPVVO PAY[YAZER^KJAIQAZRN]@N@U]QVSW\SX]NNX_,	OJ^\[[
AC^D\@PB=QQ ADXUHAR	
 <	B@TWX^NXAD[J+YTIOJN 3\]Y]\PVQAQNZTB]H\\[[QV@RVWXANE, \RV]GIROA		@TW[ANQNJVM^F\\UUA^SXLP[[\RX_QPUXWR^[DOSSAUN1GNXHC_IXVRVM]@U@U&NKS\WXT@@R+
CNVFISPUNA[ARWjVX_NXQW; 	^UCRSSK@Q		LUX_Z[JC_IAXWA\[EJSOA
	1A]@@BC[ _VNVFIQOAQLEZZ\VJCQG_RVNENSWSIN_N@YOV@HDC_CVDF3AC^C@S
]ZZ\RC_QC7OJ]^GISZO[	
j	QXIB[@	DFHZ@\U(HSRACQ	V7AQQ CDZHXNMHZTWH\C@SBOVSJFF\_V3 R[VB\ASB	XIB[ _V_NM[QUTK\CN]@T^@@QA]ADXFVO RAY[^E[CR^KJ,
EVRVJARUCQTSIU_NE8	NXKAC[JXJ(JNI]AR]HKJ_[RJJ,ZCVRX
	<		ANKS^UDO	
QIZAF\TJAR AYH\@UCRB	,AEJ^K]@]@UNI]ARB	IQIIE@XTJO\NQ[VQ^GV^WJAN QNJVLY@\\UUA ,]Z]@@QQDDX]VO&
AC]A\ARWE
,H[F@\@\_
UAQTI\J3@RY]O	nHOJ]\GKOAQVCQ^QX]@@
CQNYUOZA\@U,ER\\RK_QTF@\@[@U_QVSPVSX]NNXDFJ^X_HZXGIAOASLEZUZVJCQG
%	UCQSO[NKPYWQAN4XVRUH]@\U[[3PTJW]RJ@GACXTC2A\ZUCA
=L_NXKCCYQXWB^XNKSSO[LVY^U[J_QW%		F[YRSI]_NPJW]RL_QPWXWR^TDKSSAUNERO^ZIAC[_V]NM[Q[PK\CN]@Z2QQCXJOJ^[GIZOA.
]Y_\RJJ_IT2JAYRI\@]@\WXT3SJFQQJQ3	QAC]C\CNLPOVPKJBRCXJNMHRQQA\_NP2
BIBDXUVO	AYRIY_N@[OV@HKC[CVDF	E[YAQA\C\A@B	KQIIKDXTJO\N<NKP^E	NXHDC[_V/UCRQSI\J@SS3XIEXTI\N^@ISZ<H\GNKLP%
TAVRUJ]B@NAYK]@YIR^EQIZ CAPTVO

< ]SX_WYANIEXPVO PAY[^DZIR^KJAIQF_RB]@N@U]QVSPY_X]NNX_,	OJ^\[[
AC^D\A[B=QQ ADXTCAR	
 <	B@TWX^NXAD[J+YTCOJN 3\]Y]\PVQAQNZPHZG\\[[QV@SW^XANE, \RV]GIROA		@TWQANQNJVC_H\\UUA^SXL^ZU\RX_QPUXWR^UEASSAUN1GNXHC_IXVRVM]@U@U&NKS\WXT@@R+
CNVFISPUNA[ARWjVXUNXQW; 	^UCRSSK@Q		LU[[[SJC_IAXWA][CMSOA
	1A]@@BC[ _VNVFI[OAQLEZUUTJCQG_RVNEAZUSIN_N@YOV@HKJ]CVDF3AC^C@S
]ZZ\RC_QC7OJ]^GISZO[	
j	QXIB[@	DFHZ@]^(H[RACQ	V7AQQ CDZHXNMHRS[H^C\]@ZNXHDJS	CXJ(HNI]AR_EQIZ	BXJ	_UCAVQJ^C\SNLC	PXIQ^@FXTXARRACNF^BP^EDO,PJ^H]\N[YQTI]A@SZ7@@BA[BFDF	&_QV@R^DO^UJBE4 KFJ^O

< ^SX_WZANQQ BF_\L]@@N[VATCT\KJ
4E
UXWA\\FUA	NKSVKJ@IQAZRN]@N@U^QVSW\SX]NNXDEJ^XXBZXGIAOA.AJW^RVQIF_TK[\N<
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BNVFISQO[	SXZW]^\RVQFJ^KXHTZGUA	.EYOVSJCBGOJ]_GUA_SXLQX]\RX_QPVXWR_ZGISSAUNERO_TJCC[_V/AYQI@Q@TPX_YNXA,F@\B\\ELOA
=L^NXKCCXL_VZSJ_E3]DHAY[	
j	PXIB[AXJRVXG@UPSI@QGER\ZRBJCG/RAYH\C]]@PNXK@BG^RVNDOPQSIN_N@ZOV@IE@YCVDF	F[YAPO_A\A@B=IFXHXNVENSQVUN1\JW]PJCA^Q3	PAC]C\BBU_]\P%@FIV3 Q[VB\APBNXKDAYCXJNMKPSPI@Q	V7BQQ CDYHX	[YPVUNEROYTJCCIQ	BNVULUSSIN_N@YOV@OEC[QXJ3AYH\_NLU_]\PVQ^+ XWA^\GIQOA
	1A_@@BC[XJVM]@^3DMAY[	
j	PXIB[AXJRV]AKWSSUN]Z_]UJ_QW%		F[YRSI]_NPJW_VVQ
][F@OE^TGIAOAPLE]_TRJQ_IGKOJNYEASSAUN1GNXKC_IXVRVM]@^@U&NKS\WX_@@R+
CNVFISPUNA[ASXjVP\NXQW; 	^UCRSSK@Q		LVY]TSHCCGOJ^[NA[SO[	
j	SXIB[BXJ NMH[RO[ ]]JX^QHCCIQ	BNVULQPQI\Q@SY\NXXFAXCDJHX([VA\]@QER_[RKE_IU;	RV]EISRUUN
A8IQIZCGHX_G\\E&PTACQ	V7AQQ CDZHXNMHZQ[I\_NPJW^VMKCG/RAYH\C]]@PNXID_IGIOJNZEMSSAUNEROZPNCCIQ	ANVUOQWSIN_N[8XIB[QF@_G\\EUA,@TUX]\PVQW; 	_UCRSSJ_NCU^U7^Z@@QW%		E[YRSI^_N]YU^QJC_IAXWB_UGIOA
=L\NXKCCZQRV_AUA_SXL ^Z]\@VQ
]ZF@OEU^GIAOASLE]T^RJQ_IR;	NMHSOAQVCU^UDO,UQNYVJ]@^@U,ER\\RI_IDDXV%\EUNMA	.EZOVSJCAGF@ZCZ\@ISOA		@TU[_[RVQW; 	]UCRSSH@Q YER\Y[VQ
][F@ODY^OISAO[ \]JYYPBCCIQ	ANVUMVQ[I\Q@S\	7QIZ_V XWB[\GKOA3LVZ]\RH_QW%		D[YRSI_@SPYWZ2]WBQI/QAYH\C^]@MJW[PKDJ[_VNVEKS[UI@Q	V7BQQ CDYHX	[YRVA@QPTJWNVNJE[QXJ	^UCAWW@ZC\SNLC	SXIQ_JBXTXAR<	QV@RBOVPMCCYQ
2NMHQSSI^_NP2
@IBDXWAR^[GIQ<RL[QV
@S=
QNYTJ_\N		AYTI[D^ARB	XIAZ	GBXHX
	<		BNKS^VDO IBA_HX JAYAMXEXARLE AQQG@^PJ]R@NHNINEVXWXO@@nXWA\@UAYK[C\CNLQ3QIZCDXVVO

< _SX_W[@@HDC[,E]RXWN	 &
PLVX]^NXIBQWB[@\@U	NI^@T^WDO	nKOJ]\GHOA SX_ QDOXIV\PI_@\N[[	ANK@ZTZ]\@VQ
]YF@ODX_EISAO[=TOVSJ_QUQNZSJ]B@N<QV@P^WZANE, ^RV]GIPO[^D\AP1R]OVXT 7^NMHSSQUN@T_X_\RJ_Q^F@_A_[FIOA
=L\NXKCCZQRV]BLOA 	B@TS\]\RJQ_IGHOJNXCISSS[@QPVJWNVNCC[QXJ3AYH\_NLU_]\PVQ^+ XWA^\GIQOA
	1A_@@BC[XJVM]@^3FLWAYN
A8HQIZCFDF NVAOUTVI\_NPJW^SK@F[Q3	RAC]C\@NLY @@BF_Q	CNVUMPU[I\Q@SY_NXXG@]	CDJHX HAYAM_ETARLE%TQNYTVONMKTSSK@QjOVSHCC[_V3 P[VB\AQEZZ\RH,B^QNF	&^QV@R^KJXIE^FDXTVO AYQIUC]ANLP%
TBVRUJ]A@N[VBYBNLC	QXIQ_@BXTXARQACNG_BT^EDOZIV\WI[@\N[[ 
3LVXANQIYCDZHX	(AYH^C\APB	,AGJ^K]@_[[QTSI^,]DPLJ
4E
VXWA\\EUA	NIZERZ WXANIFXRLU@@N 3_]Y]\SVQGJ^KXB@NJNINEQ^WXO@@TAVRFN^@X\G[OA 	@@TS[]XRJQ_IR;	NMHSOAQVCU^UDO,UQNYVJ]@^@U,ER\\RI_IDDXV%\E]NMA	.EZOVSJCAGF@[B[ZFISOA		@TW\^ZRVQW; 	]UCRSSH@Q YER\YSVQ
][F@OD^[EISAO[ \]JY^UHCCIQ	ANVUMQTQI\Q@S\	7QIZ_V XWB[\GKOA3LVZ]\RH_QW%		D[YRSI_@SPYWZ2]WJQI/QAYH\C^]@MJWZSNJD[_VNVEIQSUI@Q	V7BQQ CDYHX	[YRVI@QPTJWNVHGC[QXJ	^UCAWQM\C\SNLC	SXIQ_GDXTXAR<	QV@RBOVPMCCYQ
2NMHQSSI^_NP2
@IBDXWAR^[GHP<QI\QV
@S=
QNYTJ_\N		AYRL_CYBR^EQIXGG[TVO

< ]SX_WYANIFXTVO PAY[YKXAR^KJAIQAPPJ]@N@U]QVSWVWX]NNX_,	OJ^\[[
AC^D\@QB=QQ ADXUIAR	
 <	B@TWX^NXAD[ F+Q]XWN	 &
PLVX]^NXIEPSKU@\@U	NI]AP\WDO	nKOJ]\GHOA SXWKJ@IQF^TB]@N@U^QVSPX_X]NNXDEJ^X_F\TGIAOA.AJW^RVQIF_TKX\N<
NI]CR^RDO	nIOJ]\GJOAK[C]D=WERNE, _RV]GIQOANKSVUZ]\NXTVRUJ]F[\[[3PVJW]RJB_I]XWIT@U_QVSP[QX]NNXDFJ^X_E[ZGIAOASLEZX[TJCQG
%	UCQSO[NKPYV]AN4XVRUH]@]Y[[3PTJW]RJ@GACXTH2C_NMA	.EZOVSJCAGF@\E_\GIOASX\TZ]@@R+
ANVFISRO[ LT[ANQNJPC[@\N[[	ANK@ZQX]NNXDEJ^XYIZ\G[OA 3PER\\NXIACXTHAR	<
[VB^AR^KJ
4E
WXWA\\DOAQN\BY.[]]O	nHOJ]\GKOAQV@WVPX]@@
CQNQVMX@@N 3_]Y]\SVQGJ^C^\NP[VQ^ESXWJANQNJVN\F\\UUA]SXLSY[\RX_Q^7NVEIOA
NI^FR_ KJ	
,IEZTJ\E@N 3]]Y]\Q_QYCE];C_RVU,ER\\RH_QIVRUOYDU\GUA	NK[_WXANE, \RV]GIROA		@TUDOXIVZWBY@\N[[	ANK@\_\]\@VQ
]YF@OB_TCISAO[=TOVPJ_QUQNZSJ\E@N<QV@P^V]ANE, ^RV]GIPO[^D\@W1VJW@R+
BNVFISQO[	SX_ WZ]\RVQFJ^BTF[\[[3PVJW]RJB_I]XWI]@U_QVSP] UX]NNXDFJ^X_CY^GIAOASLEZ^YPJCQG
%	UCQSO[NKPYV]AN4XVRUH]@]Y[[3PTJW]RJ@GACXTH2C^NMA	.EZOVSJCAGF@\D_UGIOASX\SP]@@R+
ANVFISRO[ LTZANQNJPLY@\N[[	ANK@ZSX]NNXDEJ^XYFX\G[OA 3PER\\NXIACXTHAR	<
[VB^AR^KJ
4E
WXWA\\DOAQN\BY.[Y]O	nHOJ]\GKOAQV@UYQX]@@
CQNQ]J[@@N 3_]Y]\SVQGJ^CZ\NP[VQ^DVZWJANQNJVOYD\\UUA]SXLR\Y\RX_Q^7NVEIOA
NI^FR_ KJ	
,IEZTJ\E@N 3]]Y]\Q_QYCE];C[RVU,ER\\RH_QIVRUM_EU\GUA	NK[YQXANE, \RV]GIROA		@TQDOXIVZQK_@\N[[	ANK@\ VZ]\@VQ
]YF@OBY]EISAO[=TOVPJ_QUQNZSJ\E@N<QV@P^V]ANE, ^RV]GIPO[^D\@W1RJW@R+
BNVFISQO[	SX_PQ_\RVQFJ^CXHT\[[3PVJW]RJB_I]XWIY@U_QVSPZWX]NNXDFJ^X_DT\GIAOASLEZYTRJCQG
%	UCQSO[NKPYV]AN4XVRUH]@]Y[[3PTJW]RJ@GACXUO2IXNMA	.EZOVSJCAGF@\F__BISOA		@TS[\\NXT 7]NMHSSRUN	]QY@@T@VRFHYDT\G[OA 	C@TU\YTRJQ_IGKOJN^CM[SS[@Q j		@@ACGJ^HZ@]Y[[	3SX_WX\YNXT 7_NMHSSP@Q^FR_8Y\X@@QW%		E[YRSI^_N]ZZX[NCCGOJ]^OHQSO[	
j	SXIB[BXJ NMHRWO[ ]]J^\ZBCCIQ	BNVUJS[[I\Q@SY\NXX@CS	CDJHX([VA\]@QER_[RKA_IU;	RV]EISRQUN
A8IQIZCGHX_G\]E&R[U[VNP2
AIBDXVVOUCRQS@YA\ANLE@@AJXCDDF	&]QV@R^KJ	QQ KBDF	D[YAVJUA\A@B	HQII@MZTJO\NR[VQYB[\WJAN4C F@_@@NAYQN\B^]@
G2XIBYCEZHX
	<		@NKS^TANPMCBXnBD[F@R	
 <	C@TWX_@@IADPTB]@@N[VB\I[^KJ
4E
UXWA\\FUA	NKS^KJ@IQF_WL]@N@U^QVSPYQX]NNXDEJ^X_G_ZGIAOA.AJW^RVQIF_TK^\N<
NI]CR^TDO	nIOJ]\GJOAK[C]G=_^JW@R+
BNVFISQO[	SXXU]^\RVQFJ^KTI[[GUA	.EYOVSJCBGOJ]XNUA_SXLUXU\RX_QPVXWRX^GASSAUNEROXPJKC[_V/AYQI@Q@TPX\ZNXA,F@\B\\FOOA
=L^NXKCCXL_VZSJ\B3]FNAY[	
j	PXIB[AXJRV^NLTZSI@QGER\_QL@CG/RAYH\C]]@PNXKBDG^RVNDH[WSIN_N@ZOV@IBK_CVDF	F[YAPHTG\A@B=IFXHXNVENSRQUN1\JW]PJCBYQ3	PAC]C\BBU_]\P%@JIV3 Q[VB\APBNXHBGSCXJNMKUVTI@Q	V7BQQ CDYHX	[YPZUNEROZZBCCIQ	BNVUO[[SIN_N@YOV@LKK[QXJ3AYH\_NLU_]\PVQ^+ XWA^\GIQOA
	1A_@@BC[XJVM]@^3DAAY[	
j	PXIB[AXJRV^GJUSSUN]ZXZUJ_QW%		F[YRSI]_NPJW_ZVQ
][F@OFYZGIAOAPLE^XZRJQ_IGKOJNZBOSSAUN1GNXKC_IXVRVM]@^@U&NKS\WX_@@R+
CNVFISPUNA[AS]j^YOVXT 7^NMHSSQUN@TRX_\RJ_Q^F@UIZ[GUA	.EYOVSJCBGOJU][[	@NK@\RZ]\@VQ
]ZF@OB_YEISAO[ _]J__WHCCIQ2[YQSUNSX\WY^@@nJ^K_@\]DUA	.E[OVSJC@QF_TK^/U\UCA
=L_NXKCCYQXWAXZGHSSO[L_P\YRVQW; 	]UCRSSH@Q YERT\NXDGJ^X_C^\GIAOAPLEZ^^RJCQG\RVNEJQSSIN_N[8XIA[QF@_G\]DUA,@TUX]]QVQW; 	_UCRSSJ_NCU^T7T_@@QW%		E[YRSI^_N]YXTZMCCGOJU^@LSOA
	1A]@@BC[ _VNVNJOA 	B@TU\\ZRJQ_IGHOJN^CHUSS[@QPVJWNPNBE[QXJ3AYK\_NLU_]]QVQ^+ XWA^\GHPOA
	1A_@@BC[XJVM]A_3NKAY[	
j	PXIB[AXJRV]BMWZSI@QGERT]PJC_IT2HAYRI\B@SCOV[H_QPWXWR^_OMSSAUNERO^QBGC[_V]NM[QP[M\CN]@Z2QQCXJOJ^[GHPOA.
]Y_\RK@_IT2JAYRI\@]@\WY^3[OQI/QAYH\C^]@MJW]TMJA[_VNVNL[[SUN
A8KQIZCEDF	 UCZVO[ ]]J_XZJCCIQ	BNVUKW[SI\Q@SY\NXXAGSCDJHX([VA\]@QER_[RK@_IU;	RV]EISRPUN
A8IQIZCGHX_G\]D&ZWACQ	V7AQQ CDZHXNMHUPPL\C@SBOV[N@B[Q3	RAC]C\@NLY @@JGG^RVNEMW[SIN_N@ZOV@HGGSCVDF	F[YAQMXK\A@B=IFXHXNVENSRPUN1\JW]PJCBXQ3	PAC]C\BBU_]]Q%JDIV3 Q[VB\APBNXKDDXCDDF
	UCZZSO\_NP2
BIBDXUVO	AYZN@QPTJWNPOGG[QXJ	^UCAQVMXC\SNLC	SXIQYG@XTXAR<	QVCRBOVPMCBXQ
2NMHQSSH__NP2
@IBDXWAR^[GHP<ZONISS3YIEXTHAR	[YRTKYJ\ANLE@@JD_CXJ(HNI]AR_EQIR_V_NM[QVRK\CN]@T^@@QA^ ADXFVO RAY[^F]CR^KJ,
EVRVJARUCQTSH__NE8	NXKAC[ @XJ(JNI]AR]HKJ_[RK@,RQNF	&^QV@R^KJXIBSBLXTVO AYRI^AUANLP%
TBVRUJ]A@N[VJU]@T_@@QA]KDXFVO QAY[^E\IR^KJBIQF^TB]@N@U
&@TWDOXIA\BGDF3AYRK\C]BNLP%
T@VRUJ]C@UKTSRJ3JTSX	,AFJ^K]@^@UAC]K^CP^KJQQ CD^SJAR	
 <	@@TWX\@@]QNQ\VO PAY[^F[GR^KJAIQF]SL]@N@U]QVSP[QX]NNX_,	OJ^\[[
AC^D\@QB=QQ ADXUIAR	
 <	B@TWX^NXAD[ @+YTOOJN 3\]Y]\PVQAQNZUC\I\\[[QV@S\_XANE, \RV]GIROA		@TW]ANQNJVB]@\\UUA^SXL_X]\RX_QPUXWR^TGISSAUN1GNXHC_IXVRVM]A_@U&NKS\WY^@@R+
CNVFISPUNA[ASXjQ[OVXT 7^NMHSSQUN@TV\Y\RVQFJ^O\G^\[[3PVJW]RJB_I]XWF_@U_QVSSZ QX]NNXDFJ^X\DYZGIAOASLEYYYTJCQG
%	UCQSO[NKPYV^AN4XVRUH]@]Z[[3PTJW]RJ@GACXUL2F^NMA	.EZOVSJCAGF@XI^\GIOASX[R\]@@R+
ANVFISRO[ LQZANQNJUN_D\\UUA^SXLSZY\RX_QPUXWR]XEMSSAUN1GNXHC_IXVRVM]AZ@U&NKS\WY[@@R+
CNVFISPUNA[ASXjQYOVXT 7^NMHSSQUN@T PX_\RVQFJ^NTC[\[[3PVJW]RJB_I]XWF]@U_QVSS]UX]NNXDFJ^X\CU^GIAOASLEY^UPJCQG
%	UCQSO[NKPYV^AN4XVRUH]@]Z[[3PTJW]RJ@GACXUL2F\NMA	.EZOVSJCAGF@XDU\GIOASXZUY]@@R+
ANVFISRO[ LQXANQNJUI[@\\UUA^SXLT^]\RX_QPUXWR]_AISSAUN1GNXHC_IXVRVM]AZ@U&NKS\WY[@@R+
CNVFISPUNA[ASXjQ_OVXT 7^NMHSSQUN@TWQ[\RVQFJ^O[EZ\[[3PVJW]RJB_I]XWF[@U_QVSS[SX]NNXDFJ^X\ETXGIAOASLEYXTVJCQG
%	UCQSO[NKPYV^AN4XVRUH]@]Z[[3PTJW]RJ@GACXUL2FZNMA	.EZOVSJCAGF@[HXUGIOASX[ T[]@@R+
ANVFISRO[ LQ^ANQNJUOXB\\UUA^SXLR]_\RX_QPUXWR]YBKSSAUN1GNXHC_IXVRVM]AZ@U&NKS\WY[@@R+
CNVFISPUNA[ASXjQ]OVXT 7^NMHSSQUN@TQXU\RVQFJ^OYA]\[[3PVJW]RJB_I]XWFY@U_QVSS[WX]NNXDFJ^X\E^\GIAOASLEYX^RJCQG
%	UCQSO[NKPYV^AN4XVRUH]@]Z[[3PTJW]RJ@GACXUL2FXNMA	.EZOVSJCAGF@[C[_GIOASX[^Y]@@R+
ANVFISRO[ LQ\ANQNJUNUH\\UUA^SXLSPU\RX_QPUXWR]XOASSAUN1GNXHC_IXVRVM]AZ@U&NKS\WY[@@R+
CNVFISPUNA[ASXjQQOVXT 7^NMHSSQUN@TQX[\RVQFJ^OT@Y\[[3PVJW]RJB_I]XWFU@U_QVSSX_X]NNXDFJ^X\FXTGIAOASLEY[XZJCQG
%	UCQSO[NKPYV^AN4XVRUH]@]Z[[3PTJW]RJ@GACXUL2FTNMA	.EZOVSJCAGF@ZCXTGIOASX[_X]@@R+
ANVFISRO[ LQPANQNJUL\F\\UUA^SXLQY[\RX_QPUXWR]ZFOSSAUN1GNXHC_IXVRVM]AZ@U&NKS\WY[@@R+
CNVFISPUNA[ARWj^POVXT 7^NMHSSQUN@T_Z_^RJ_Q^F@\@\Z@IOA
=L\NXKCCZQRVUOUA_SXLR_[\RX_QPVXWR^Y@OSSAUNERO^WMEC[_V/AYQI@Q@TPX]UNXA,F@\B\\G@OA
=L^NXKCCXL_VZSJ]I3UN[YA
	1A^@@BC[_V
OJ]T@H[SSUN]Y]^PCC_IT2HAYRI\B@SCOV[C_QPWXWR^ZGASSAUNERO^TJKC[_V]NM[QUSA\CN]@Z2QQCXJOJ^[GIZOA.
]Y_\RJJ_IT2JAYRI\@]@\WXT3[LQI/QAYH\C^]@MJW]UHFJ[_VNVNNWUSUN
A8KQIZCEDF	 UCZUO[ ]]J_YSHCCIQ	BNVUKVRQI\Q@SY\NXXAFZCDJHX([VA\]@QER_[RJJ_IU;	RV]EISSZUN
A8IQIZCGHX_G\\N&ZTACQ	V7AQQ CDZHXNMHTTPO\C@SBOV[CCE[Q3	RAC]C\@NLY @@JDG^RVNELWWSIN_N@ZOV@HFG_CVDF	F[YAQLXG\A@B=IFXHXNVENSSZUN1\JW]PJCCRQ3	PAC]C\BBU_]\[%JGIV3 Q[VB\APBNXKE@XCDDF
	UCZWPH\_NP2
BIBDXUVO	AYZM@QPTJWNPNGK[QXJ	^UCAQWMTC\SNLC	SXIQYGLXTXAR<	QVCRBOVPMCCRQ
2NMHQSSIU_NP2
@IBDXWAR^[GIZ<ZLNISS3YIEXTHAR	[YRUNUA\ANLE@@JFS	CXJ(HNI]AR_EQIR_V_NM[QW[I\CN]@T^@@QA_	CDXFVO RAY[^GTAR^KJ,
EVRVJARUCQTSIU_NE8	NXKAC[JXJ(JNI]AR]HKJ_[RJJ,RQNF	&^QV@R^KJXIB^GMXTVO AYZH^C\]@S=
 QNYTJ\\N ACUA@SY^NXXA@SCDJHX KAYAK_KXARLE BQQAGPPJ]R@N
<	SX\KJ@@AD[JXJ  3[YRQI\CU]@S=
QNYTJ^@NENSSZ&U@NKLP%
TAVRUJ]B@NAYHYKTFR^EQIRDAXHX
	<		BNKS^VDO IJGDF	D[YAQM]E\A@B	HQIIGE^TJO\NR[VQ^ESXWJAN4C F@_@@NAYQN\CU]@
G2XIBYCDQHX
	<		@NKS^TANPMCCRnJDJ^O

< ^SX_WZANQQ GBXUJ]\NACTK]DRB	,AEJ^K]@]@UNIUANLC	QXIQYADXTXARQACNA_CR^EDOZIVZWH]@\N[[ 
3LUXANQIYCDQHX	(AYH^C\A[B	,AGJ^K]@_[[QTSIU,U@@TNE
,HZF@\@\^[[[VBYAP^WDOIKM^SJAR	
 <	@@TWX\@@]QNQUVO PAY[^@YCR^KJAIQF[QH]@N@U]QVSP] UX]NNX_,	OJ^\[[
AC^D\A[B=QQ ADXTCAR	
 <	B@TWX^NXAD[E+YWKOJN 3\]Y]\PVQAQN\TC[C\\[[QV@T^^XANE, \RV]GIROA		@TTYANQNJWL^B\\UUA^SXLQ[_\RX_QPUXWR_ZDKSSAUN1GNXKF_IXVRVM]@Z@U&NKS\WX[@@R+
CNVFISPUNA[ARXjV[]NXQW; 	^UCRSSK@Q		LSX]YQJC_IAXWAYTOOSOA
	1A]@@BC[ _VNVFJSOAQLE[[\RJCQG_RVNDOSSSIN_N@YOV@IEC[CVDF3AC]F@S
]ZZ\RL_QC7OJ]^GISUO[	
j	QXIB[@	DFHZ@\Z(HPPACQ	V7AQQ CDZHXNMMQ[PK\C@SBOVSLFC[_V3 R[VB\ASB	XIBX_V_NM[PUZO\CN]@T^@@Q@]EDXFVO RAY[_EUGR^KJ,
EVRUOARUCQTSIZ_NE8	NXKAC[EXJ(JNI]AR]HKJ_[RJE,ZAVRX
	<		ANKS^UDO	
QI_ KLQTJAR AYHZAUERB	,AEJ^K]@]@UNI]BPB	IQIIEB\TJO\NQ[VQ_GTZWJAN QNJWL[D\\UUA ,]YX@@QQDDXRVO&
AC]A\ARXE
,H[F@\@\_
UAQTI\E3@Q[]O	nHOJ]\GKOAQVEVYPX]@@
CQNYRC\F\@U,ER\\RK_QTF@\CY@U_QVSQYWX]NNXDFJ^X^GZ\GIAOASLE[ZZRJCQG
%	UCRVO[NKPYW^AN4XVRUH]@\Z[[3PTJW]RJ@GACXTL2A_XUCA
=L_NXKCCYQXWD_[NHSSO[LV^Z\UJ_QW%		F[YRSI]_NPJW]QN_QPWXWR_[EASSAUNERO_UHKC[_V]NM[PTQA\CN]@Z2QQ FXJOJ^[GIUOA.
]Y_\RJE_IT2JAYRI\@]@\WX[3SIDQQJQ3	QAC]C\CNLPOVVLDESCXJNMHTPPN\_NP2
BIBDXUVO	AYRJ[_N@[OV@IKA_CVDF	E[YAPA^G\A@B	KQIIKF\TJO\N<NKS[E	NXHDC[_V/UCRQSI\E@SS3XIEXTI\N^@ISU<H_ENKLP%
TAVRUJ]B@NAYMYDYHR^EQIZBF^TVO

< ]SX_WYANIE[RVO PAY[_DUCR^KJAIQG_]H]@N@U]QVSQYUX]NNX_,	OJ]Y[[
AC^D\ATB=QQ ADXTLAR	
 <	B@TWX^NXAD[E+YWCOJN 3\]Y]\PVQAQN\\B^F\\[[QV@UYSXANE, \RV]GIROA		@TTQANQNJWBUH\\UUA^SXL_PU\RX_QPUXWR_TOASSAUN1GNXKF_IXVRVM]@Z@U&NKS\WX[@@R+
CNVFISPUNA[ARXjV[UNXQW; 	^UCRSSK@Q		LS_ZUVJC_IAXWA[YBISOA
	1A]@@BC[ _VNVFJ[OAQLE[UYTJCQG_RVNDAVUSIN_N@YOV@IKF]CVDF3AC]F@S
]ZZ\RL_QC7OJ]^GISUO[	
j	QXIB[@	DFHZ@\T(LTAYN
A8HQIZCFDF NVCA[WSI@QGERYXZKC_IT2HAYRI\B@SCOVWM_QPWXWR]^AMSSAUNERO]PLGC[_V]NM[RQUM\CN]@Z2QQCXJOJ^[GI[OA.
]Y_\RJK_IT2JAYRI\@]@\WXU3WLQI/QAYH\C^]@MJWXTCAC[QRVXDNSSO[	
j	SXIB[BXJ NMLUOAQLEY__PJCQG_RVNFKPQSIN_N@YOV@KA@YCVDF3AC^C@S
]ZZ\RB_QC7OJ]^GIS[O[	
j	QXIB[@	DFHZ@\T(LRAYN
A8HQIZCFDF NVDASTSI@QGER^TQHC_IT2HAYRI\B@SCOVWK_QPWXWR]\@KSSAUNERO]RMAC[_V]NM[RSTK\CN]@Z2QQCXJOJ^[GI[OA.
]Y_\RJK_IT2JAYRI\@]@\WXU3WJQI/QAYH\C^]@MJW_TNFC[QRV_@K[SO[	
j	SXIB[BXJ NMLSOAQLEY]XRJCQG_RVNFIWSSIN_N@YOV@KCG[CVDF3AC^C@S
]ZZ\RB_QC7OJ]^GIS[O[	
j	QXIB[@	DFHZ@\T(LPAYN
A8HQIZCFDF NVCHWUSI@QGERY\VIC_IT2HAYRI\B@SCOVWI_QPWXWR]]DOSSAUNERO]SIEC[_V]NM[RRPO\CN]@Z2QQCXJOJ^[GI[OA.
]Y_\RJK_IT2JAYRI\@]@\WXU3WHQI/QAYH\C^]@MJW_[MGC[QRV_NJTSO[	
j	SXIB[BXJ NMLQOAQLEY\\VJCQG_RVNFHSWSIN_N@YOV@KBC_CVDF3AC^C@S
]ZZ\RB_QC7OJ]^GIS[O[	
j	QXIB[@	DFHZ@\T(HTPACQ	V7AQQ CDZHXNM@VZWK\C@SBOVPOKFZ_V3 R[VB\ASB	XIB\_V_NM[WZTO\CN]@T^@@QGREDXFVO RAY[XJ[GR^KJ,
EVRVJARUCQTSIT_NE8	NXKAC[KXJ(JNI]AR]HKJ_[RJK,ZAVRX
	<		ANKS^UDO	
QIRBM]TJAR AYKYFUARB	,AEJ^K]@]@UNI]FPB	IQIIJ@\TJO\NQ[VQXHVZWJAN QNJPCYD\\UUA ,]Z]@@QQDDX\VO&
AC]A\ARVE
,H[F@\@\_
UAQTI\K3@U_]O	nHOJ]\GKOAQVHPZUX]@@
CQNZQI^A\@U,ER\\RK_QTF@\G]@U_QVSVWUX]NNXDFJ^XYI]^GIAOASLE\T]PJCQG
%	UCQSO[NKPYWPAN4XVRUH]@\T[[3PTJW]RJ@GACXTB2A[\UCA
=L_NXKCCYQXWI\[@MSSO[LU]][QJ_QW%		F[YRSI]_NPJW]UJ_QPWXWRXTOISSAUNEROXZBCC[_V]NM[W[[I\CN]@Z2QQCXJOJ^[GI[OA.
]Y_\RJK_IT2JAYRI\@]@\WXU3SMDQQJQ3	QAC]C\CNLPOVSJ@B\CDDF
	UCQUZITC@SS3ZIEXTKAR 	AYH[D@SY^NXXFB[CDJHX KAYAL]CXARLE BQQFEXPJ]R@N
<	SX\KJ@@AD[KXJ  3[YRQI\CT]@S=
QNYTJ^@NENSS[&]DZSX	,AFJ^K]@^@UAC]C]BQ_WDOIAB^PH]\N	 &
SLVX]]NXTVRUM[\NP[VQYAU\WJANQNJQJZB\\UUA]SXL W__\RX_Q^7NVEIOA
NI^FR^KJ	
,IEZTJ]H@N 3]]Y]\Q_QYCDP;KZENV[3PUJW]RJA_ITJ^CTE]\GIOASX\T_Z\NXT 7]NMHSSRUN	]YZYNXDGJ^XX@X\GIAOAPLE]]XRJCQG\RVNBIWSSIN_N[8XIA[QF@_G\\OUA,@TUX]\ZVQW; 	_UCRSSJ_NCU^_7\[VXIIT2KAYRI\A@SEERT[UKGC[QRV^AHRPSUN
A8KQIZCEDF	 UCRTWUNEROYRJKC[_V^NM[VSSA\CN]@T]@@QF[KDXFVO&NI^ANL\JW^UJCKG%NVFKSSSA@Q	V7@QQ CD[VOB[\GA<RT@NISS3YIEXTHAR	[YRSOUGXARB	XIA\GAXHX
	<		BNKS^VDO IBCQHX JAYAL]ETARLE AQQFE^\J]R@NHNINDSXWXO@@nXWB\@UAYK[C\INLQ3QIZCDX\VO

< _SX_W[@@HDC[	,E_\XWN	 &
PLVX]^NXIEXQJYH\\[[QVCU_QXANE, \RV]GIROA		@TPPANQNJQK^F\\UUA^SXL V[[\RX_QPUXWRY]DOSSAUN1GNXHC_IXVRVM]@T@U&NKS\WXU@@R+
CNVFISPUNA[AS_jV[TNXQW; 	^UCRSSK@Q		LSPU_TJC_IAXWA[[AMSOA
	1A]@@BC[ _VNVFJZOAQLE[UTZJCQG_RVNDA[[SIN_N@YOV@IKKSCVDF3AC^C@S
]ZZ\SK_QC7OJ]^GIRRO[	
j	QXIB[@	DFHZ@]](HP[ACQ	V7AQQ CDZHXNMMTTZM\C@SBOVSMFF[_V3 R[VB\ASB	XIBX	_V_NM[P[VO\CN]@T^@@Q@SEDXFVO RAY[_KYGR^KJ,
EVRVJARUCQTSH]_NE8	NXKAC[ BXJ(JNI]AR]HKJ_[RJF,XQNF	&^QV@R^KJXIB\ADXHX	[YQPI_C@SS3ZIEXTKAR 	AYJY_N@[OV@OEC[QXJ	^UCAVUI\CN]@T]@@QF]CDJHX([VBY]@QER_[RJF_IU;	RV]EISSVUN
A8IQIZCGHX_G\]B&RT[[VNP2
AIBDXVVOUCRSVIXK\ANLE@@ADZEDDF	&]QV@R^KJ	QQ DLDF	D[YAVH_E\A@B	HQIIBG^TJO\NR[VQY@QXWJAN4C F@_@@NAYQN\BY]@
G2XIBYCE]HX
	<		@NKS^TANPMCB^nBC]F@R	
 <	C@TWX_@@IJM]UJ]@@N[VAZBUYKJ
4E
UXWA\\FUA	NKSY KJ@IQAXPJ]@N@U^QVSW^WX]NNXDEJ^XX@X\GIAOA.AJW^RVQIF_TKX\N<
NI]CR^RDO	nIOJ]\GJOAK[C]D=_SJW@R+
BNVFISQO[	SXWPYY\RVQFJ^H[A]_GUA	.EYOVSJCBGOJ][CUA_SXL WXU\RX_QPVXWRY\GASSAUNEROYRJKC[_V/AYQI@Q@TPX\YNXA,F@\B\\FLOA
=L^NXKCCXL_VZSJ\E3]@NAY[	
j	PXIB[AXJRV]GJRTTI\_NPJW^TCCK[Q3	RAC]C\@NLY @@BD\Q	CNVULRSWI\Q@SY_NXXFB[CDJHX HAYAL]CXARLE%TQNZTVONMKTSRL@QjOVSHCCZ_V3 P[VB\AQEZZ\SO,B\QNF	&^QV@R^KJXIB[ @GYTJAR AYKZEXCRB	,AEJ^K]@]@UNI]FTB	IQIICCZTJO\NQ[VQYAU\WJAN QNJQJZB\\UUA ,]Z]@@QQDDYQVO&
AC]A\AS[E
,H[F@\@\_
UAQTI]F3@U_]O	nHOJ]\GKOAQVHPZUX]@@
CQNZQI^A\@U,ER\\RK_QTF@\G]@U_QVSVWUX]NNXDFJ^XYI]^GIAOASLE\T]PJCQG
%	UCQSO[NKPYV]AN4XVRUH]@]Y[[3PTJW]RJ@GACXUO2A[\UCA
=L_NXKCCYQXWI\[@MSSO[LU]][QJ_QW%		F[YRSI]_NPJW]UJ_QPWXWRXTOISSAUNEROXZBCC[_V]NM[W[[I\CN]@Z2QQCXJOJ^[GHVOA.
]Y_\RKF_IT2JAYRI\@]@\WYX3SM@QQJQ3	QAC]C\CNLPOV[OJGYCXJNMKV[VH\_NP2
BIBDXUVO	AYRN__N@[OV@NJD]CVDF	E[YAW@[E\A@B	KQIIJC^TJO\N<NKP^E	NXHDCZ_V/UCRQSI]F@SS3XIEXTI\N^@IRV<H[ANKLP%
TAVRUJ]B@NAY@XBUDR^EQIYFMXTVO

< ]SX_WYANIE_VVO PAY[XJXER^KJAIQ@QPN]@N@U]QVSVWSX]NNX_,	OJ^\[[
AC^D\@WB=QQ ADXUOAR	
 <	B@TWX^NXAD[ B+\TXWN	 &
PLVX]^NXIFZRI]@@N[VA[E[^E
,HYF@\@\][[ QVERB	IQIIADXTXARQACND^AR^KJBIQCZTJ]R@N
<	SX\KJ@@AD[ BXJ  3[YRQI\B]]@S=
QNYTJ^@NENSRR&XBNKLP%
TAVRUJ]B@NAYK_K^ARB	XIASADDF	&]QV@R^KJ	QQBXJ	_UCATVK\CN]@T^@@QD^CDJHX HAYANYA\A@B=IFXHXNVENSRRUN1\JW]PJCBZQ3	PAC]C\BBU_]]S%GAIV3 Q[VB\APBNXHFC]CXJNMKZPUI@Q	V7BQQ CDYHX	[YWQUNERO[ZNCCIQ	BNVUN[WSIN_N@YOV@MKG[QXJ3AYK\_NLU_]]SVQ^+ XWA^\GHROA
	1A_@@BC[XJVM]A]3CJAY[	
j	PXIB[AXJRV^AJWSSUN][]_SJ_QW%		F[YRSI]_NPJWXQVQ
][F@OH]ZGIAOAPLEP\ZRJQ_IGKOJNTFOSSAUN1GNXHC_IXVRVM]A]@U&NKS\WY\@@R+
CNVFISPUNA[AS_jS\OVXT 7^NMHSSQUN@TP^[\RVQFJ^I\B[\[[3PVJW]RJB_I]XWDX@U_QVSZZWXO@@TAVRFBYH\\UUA]SXLSP]\@VQX+RV^GUA
[VA[AS_E%IBFXTK\\N	 &
QLVX]_VQA\BE7POOJN 3\]Y]\PVQAQNZ]J_@\@U	NI_CPZKJ
4E
UXWA\\FUA	NKV[E @QQKLXTJO\NQ[VQTIR^EDOZIVP\J]@N@U
&@TWDOXIA\BEDF3AYRK\C]@NLP%
T@VRUJ]C@UKTSRH3GZSX	,AFJ^K]@^@UAC_CXCR^EQIXAFXHX
	<		BNKS^VDO IGBDF	D[YAZH^C\SNLC	PXIQR ADXFVO RAY[UB^ARLE%TQNZTVONMKTSRH@QjOVSHCCZ _V3 P[VB\AQEZZ\SK,G\IJ(KNI]AR\E@@@BSCDDF
	UCPWQK\_NP2
BIBDXUVO	AYWN@QPTJWN[NGC[_V^NM[ZWWI\Q@SY\NXXJG_CVDF3AC^C@S
]ZZ\SK_QC7OJ]^GIRRO[	
j	QXIB[@	DFHZ@]](M[AYN
A8HQIZCFDF NVDJPVSI@QGER^YPIC_IT2HAYRI\B@SCOVVB_QPWXWRU[AISAO[ \]JT[TJCQG\RVNNNUSS[@Q j		@@ACGJ^HZ@]][[	3SX_WX\]NXT 7_NMHSSP@Q^FR_8\TNXQW; 	^UCRSSK@Q		LT\UTRJ_Q^F@^F^YGUA	.EYOVSJCBGOJXU[[	@NK@_WP]\@VQ
]ZF@OA\\OISAO[ _]J\\RBCCIQ2[YQSUNSX\WY\@@nJ^K_@\]FUA	.E[OVSJC@QF_TJ[/XTUCA
=L_NXKCCYQXWC__BISOA		@TRZ^\NXT 7]NMHSSRUN	]\U@@T@VRFCZF\\UUA^SXLP^]\@VQ
]YF@OI[ZGIAOA.AJW]WVQIF_TJ[\N<
NI]CR^QDO	nIOJ]\GJOAK[C\G=ZERNE, _RV]GIQOANKQZ_X]@@
CQN[RHX@@N 3_]Y]\SVQGJ^NT\NP[VQ]ARVWJANQNJUJ]H\\UUA]SXLWXU\RX_Q^7NVFLOA
NI^FR^KJ	
,IEZTJ]F@N 3]]Y]\Q_QYCF];KXHNV[3PUJW]RJA_ITJ^M_A[UGIOASX\WP[\NXT 7]NMHSSRUN	]YXTNXDGJ^XYDUZGIAOAPLE\YUTJCQG\RVNCMZUSIN_N[8XIA[QF@_G\^BUA,@TUX]^WVQW; 	_UCRSSJ_NCU^R7\Y[XIIT2KAYRI\A@SEERZ_TJDC[QRV^EJQTSUN
A8KQIZCEDF	 UCRVZUNEROXWHKC[_V^NM[WVQA\CN]@T]@@QG^KDXFVO&NI^ANL\JW^UJAFG%NVFKSSQL@Q	V7@QQ CD[VOB[\GO<WW[VNP2
AIBDXVVOUCQTUO\C@SBOVQKAD[Q3	RAC]C\@NLY @@GGG^RVNOM[SS[@QPUJWNZNKC[_V]NM[[W[I\Q@S\	7QIZ_V XWB[\GOOA3LVZ]\RL_QW%		D[YRSI_@SPYW^2XWXIIT2KAYRI\A@SEER_URHCCGOJ_^EMSOA
	1A]@@BC[ _VNVCLOA 	B@T_P]\RX_QPVXWRTTGISAO[ _]JUTRJCQG
%	UCRVO[NKPYW^AN4XVRUH]@\Z[[3PTJW]RJ@GACXTL2DZNMA	.EZOVSJCAGF@^@X^GIOASX]UZ]@@R+
ANVFISRO[ LS^ANQNJ]K_@\N[[	ANK@WUX]NNXDEJ^XTA^\G[OA 3PER\YNXIACXTLAR	<
[VB^AR^KJ
4E
WXWA\\DOAQN\CZ.VY]O	nHOJ]\GKOAQVBSVWXANIG\VH]\N	 &
SLVX]]NXTVRPMARPACNJXER^KJAIQM\PJ]R@NHNINHVZWJAN4C F@\E@NAYQN\CZ]@
G2XIBYCD^HX
	<		@NKS^TANPMCC]nGDJ^O

< ^SX_WZANQQAB[TJAR AYK[GUANLP%
TBVRUJ]A@N[VG\]@T_@@QDYCDJHX KAYAN^C\A@B	KQIIADXTXAR<	QV@WBOVPMCC]Q
2NMHQSSIZ_NP2
@IBDXWAR^[GIU<WHNISS3YIEXTHAR	[YQPA^C\]@ZNXHKGY_V3 R[VB\ASB	XIGZQ	CNVUNVQSIN_N@ZOV@MFA[QXJ	]UCATVK\CN]@Z2QQ FXJOJ^[GIUOA.
]Y_\RJE_IT2JAYRI\@]@\WX[3VHQI/QAYH\C^]@MJW^WJEC[QRV^NJUSO[	
j	SXIB[BXJ NMMQOAQLE_UXRJQ_IGHOJN[OMSSAUNERO[ZNCCIQ2[YRVUNSX\WX[@@nJ^K_@\\AUA	.E[OVSJC@QF_TJ[/X_UCA
=L_NXKCCYQXWBZ_CISOA		@TW[\\NXT 7]NMHSSRUN	]\^@@T@VRFB\F\\UUA^SXLV^]\@VQ
]YF@OH]ZGIAOA.AJW]WVQIF_TJ[\N<
NI]CR^QDO	nIOJ]\GJOAK[C^G=_^JW@R+
BNVFISQO[	SX]W[Y\RVQFJ^K^G_[GUA	.EYOVSJCBGOJ]]NUA_SXLU\U\RX_QPVXWR_^CASSAUNERO_PNKC[_V/AYQI@Q@TPX_ZNXA,F@\B\\EOOA
=L^NXKCCXL_VZSJ_F3]FAAY[	
j	PXIB[AXJRV_GJSSSI@QGER\_WNJCG/RAYH\C]]@PNXKBKG^RVNDKRUSIN_N@ZOV@IAB]CVDF	F[YAPK]E\A@B=IFXHXNVENSQUUN1\JW]PJCA]Q3	PAC]C\BBU_]^T%BB^IJ(KNI]AR\E@@AKZEDXHX	[YRQ@UG\]@S=
 QNYTJ\\N AC]BY]@T_@@Q@ZCDXFVO QAY[_B^AR^KJBIQGYVJ]@N@U
&@TWDOXIA\ABDF3AYRK\C^GNLP%
T@VRUJ]C@UKTSQO3B]E@TNE
,HZF@\@\^[[[VA[E[ZWDOIBFPUH]\N	 &
SLVX]]NXTVRUKY\NP[VQ_AZVWJANQNJWJUH\\UUA]SXLWPU\RX_Q^7NVEIOA
NI^FR\KJ	
,IEZTJ_F@N 3]]Y]\Q_QYCF^;K\GNV[3PUJW]RJA_ITJ^HTE[UGIOASX_T^^\NXT 7]NMHSSRUN	]Y\[NXDGJ^X^ATXGIAOAPLE[\TVJCQG\RVNDH[WSIN_N[8XIA[QF@_G\^AUA,@TUX]^TVQW; 	_UCRSSJ_NCU^Q7\]TXIIT2KAYRI\A@SEER_TZMBC[QRV]DHT[SUN
A8KQIZCEDF	 UCRRUUNERO_SOAC[_V^NM[PRVK\CN]@T]@@Q@ZADXFVO&NI^ANL\JW^UJAEG%NVFKSSQO@Q	V7@QQ CD[VOB[\EO<RRHNISS3YIEXTHAR	[YQVL^E\ANLE@@BAYADDF	&]QV@R^KJ	QQ BEDF	D[YAQ@UA\A@B	HQIIJMZTJO\NR[VQ^H[\WJAN4C F@_@@NAYQN\AZ]@
G2XIBYCF^HX
	<		@NKS^TANPMCA]nBEXF@R	
 <	C@TWX_@@IA@P]O]@@N[VB^A[[KJ
4E
UXWA\\FUA	NKS_KJ@IQFQRJ]@N@U^QVSPWWX]NNXDEJ^X_IZ\GIAOA.AJW^RVQIF_TH[\N<
NI]CR^QDO	nIOJ]\GJOAK[C^G=_TJW@R+
BNVFISQO[	SX\_ZX\RVQFJ^K_F_]GUA	.EYOVSJCBGOJ]]DUA_SXLW][\RX_QPVXWR_\BOSSAUNERO_ROEC[_V/AYQI@Q@TPX_ZNXA,F@\B\\EOOA
=L^NXKCCXL_VZSJ_F3]FKAY[	
j	PXIB[AXJRV^AHUZSI@QGER\^VOBCG/RAYH\C]]@PNXKBAG^RVNDIQWSIN_N@ZOV@ICA_CVDF	F[YAPI^G\A@B=IFXHXNVENSQUUN1\JW]PJCA]Q3	PAC]C\BBU_]]T%BK[IJ(KNI]AR\E@@BCS	EAXTVO AYQN[BZANLP%
TBVRUJ]A@N[VBTANLC	QXIQ^CDXTXARQACNF^AR^EDOZIV]VJ]@\N[[ 
3LUXANQIYCE^HX	(AYH^C\@TB	,AGJ^K]@_[[QTSKY,]ESLJ
4E
VXWA\\EUA	NIYA[YWXANIEPUC[@@N 3_]Y]\SVQGJ^KYA@NJNINB[[WXO@@TAVRFITE^\G[OA 	@@TTQX^RJQ_IR;	NMKSOAQVCU^RDO,UQNYVJ]BY@U,ER\\RI_IDDYW%XRVU,ER\\RH_QIVRWN]@@N[VA\GRB	,AEJ^K]@]@UNIY]@T_@@Q@YCVDF	E[YAPK\CN]@T]@@Q@YCVDF3AC^C@S
]ZZ\SI_QC7OJ]^GIRPO[	
j	QXIB[@	DFHZ@]_(MAY[	
j	PXIB[AXJRV]NISOA		@TR[]@@R+
ANVFISRO[ LSDOXIVZPJ]R@NKNINCV^EDOZIVZPJ]R@N
<	SX\KJ@@AD[ @XJ  3[YRQI\B_]@S=
QNYTJ^@NENSRV&]DNKLP%
TAVRUJ]B@NAYMXB\ANLE@@JA\_V3 R[VB\ASB	XIB\Q	CNVUHZQSIN_N@ZOV@KJA[QXJ	]UCARZK\CN]@Z2QQCXJOJ^[GHVOA.
]Y_\RKF_IT2JAYRI\@]@\WY^3UXIIT2KAYRI\A@SEERU\RJ_Q^F@^AY\[[3PVJW]RJB_I]XWG@NJNINEZ^EDOYIV\\J]R@NHNINEZ^EDO,PJ^H]\N[YQTI]@@SZ7@@BA[BGDF	&_QV@R^DO^UJB@4QNF	&^QV@R^KJXIF]CXJNMKUSSUN
A8KQIZCEDF	 UCUOAQLE\]\RX_QPVXWRX\GIAOASLE\]\RX_Q^7NVEIOA
NI^FR_KJ	
,IEZTJ\C@N 3]]Y]\Q_QYCE[;KOJN 3\]Y]\PVQAQNXHX	[YSO[	
j	SXIB[BXJ NMHOA 	B@TWJANQNJTXARRACNCN]@Z2QQCXJOJ^[GHPOA.
]Y_\RK@_IT2JAYRI\@]@\WY^3QXIIT2KAYRI\A@SEERT\RVQFJ^K]A\@U,ER\\RK_QTF@^\NP[VQ]GR^KJAIQE^TJO\NR[VQ]GR^KJ,
EVRVJARUCQTSH__NE8	NXKAC[ @XJ(JNI]AR]HKJ_[RK@,YIJ(KNI]AR\E@@@C[QRVYGIOA
=L\NXKCCZQRV^[[	@NK@VWJANQNJ\J]R@NHNINIR^KJ,
EVRVJARUCQTSH__NE8	NXKAC[ @XJ(JNI]AR]HKJ_[RJK,SQNF	&^QV@R^KJXIBXBDXTVO AY[K]J\]@S=
 QNYTJ\\N ACTE@SY^NXXABRCDJHX KAYAK]J^ARLE BQQAEQVJ]R@N
<	SX\KJ@@AD[KXJ  3[YRQI\CT]@S=
QNYTJ^@NENSS[&TDNKLP%
TAVRUJ]B@NAYH_@UDR^EQISEBXHX
	<		BNKS^VDO IKCDF	D[YAQK^G\A@B	HQIIAF\TJO\NR[VQ^CPZWJAN4C F@_@@NAYQN\CT]@
G2XIBYCDPHX
	<		@NKS^TANPMCCSnBMQF@R	
 <	C@TWX_@@IBAXQM]@\@U	NI_BS]WDO	nKOJ]\GHOA SX_^DOXIV]\JU@\N[[	ANK@[WP]\@VQ
]YF@OET\OISAO[=TOVPJ_QUQNZSJ]H@N<QV@P^WPANE, ^RV]GIPO[^D\AZ1^POVXT 7^NMHSSQUN@TSP\]UJC_IAXWC^TDLSOA
	1A]@@BC[ _VNVF@[OAQLE]Z[TJCQG_RVNBNTUSIN_N@YOV@ODD]CVDF3AC^C@S
]ZZ\RB_QC7OJ]^GIS[O[	
j	QXIB[@	DFHZ@]_(HSQACQ	V7AQQ CDZHXNMKSQU@\C@SBOVSJDAX_V3 R[VB\ASB	XIB[_V_NM[QTSM\CN]@T^@@QA\GDXFVO RAY[^D\ER^KJ,
EVRVJARUCQTSH__NE8	NXKAC[ @XJ(JNI]AR]HKJ_[RJK,ZBVRX
	<		ANKS^UDO	
QIZBC^]J]\NAC_C[I[^E
,HYF@\@\][[ QV@[_E @QQFA]VJ]R@NKNINDW[WXO@@TBVRFOXE^\G[OA 3PER_\NXIACXTBAR	<
[VB^AR^KJ
4E
WXWA\\DOAQN\CT.SWERNE, _RV]GIQOANKS\R]]\RVQFJ^I]E\^GUA	.EYOVSJCBGOJ]UGUA_SXL RZ]\RX_QPVXWRYYEISSAUNEROYWHCC[_V/AYQI@Q@TPX]TNXA,F@\B\\GAOA
=L^NXKCCXL_VZSJ]H3]NJAY[	
j	PXIB[AXJRV]DOQZWI\_NPJW_SIEE[Q3	RAC]C\@NLY @@BJXQ	CNVULURUI\Q@SY_NXXFEZCDJHX HAYALZBZARLE%TQNZTVONMKTSSA@QjOVSHCC[	_V3 P[VB\AQEZZ\RB,BRQNF	&^QV@R^KJXIBXCE_TJAR AYJ]C[FRB	,AEJ^K]@]@UNI]HPB	IQIIFL\TJO\NQ[VQYDZZWJAN QNJQOUD\\UUA ,]Z]@@QQDDX\VO&
AC]A\ARVE
,H[F@\@\_
UAQTI\K3@[[]O	nHOJ]\GKOAQV@V^T]]\NXTVRWKTDU\[[3PVJW]RJB_I]XWAUY[[	@NK@[_X]\@VQ
]ZF@OEZTGISAO[ _]JXZZJCCIQ2[YQSUNSX\WXU@@nJ^K_@\\OUA	.E[OVSJC@QF_TJU/]UC[YA
	1A^@@BC[_V
OJ]_OOSSSI@QGER^]TODCG/RAYH\C]]@PNXKJGG^RVNBOW[SIN_N@ZOV@OEGSCVDF	F[YAVOXK\A@B=IFXHXNVENSS[UN1\JW]PJCCSQ3	PAC]C\BBU_]\Z%BJ\IJ(KNI]AR\E@@BG^J@XTVO AYPKY@TANLP%
TBVRUJ]A@N[VBUFNLC	QXIQ^G@XTXARQACNF[EV^EDOZIV]SNY@\N[[ 
3LUXANQIYCDPHX	(AYH^C\AZB	,AGJ^K]@_[[QTSIT,]HTLJ
4E
VXWA\\EUA	NI]EQ]WX]@@
CQN[VHYC\@U,ER\\RK_QTF@\IZ@U_QVSWYUX]NNXDFJ^XXG]^GIAOASLE]Z]PJCQG
%	UCQSO[NKPYWPAN4XVRUH]@\T[[3PTJW]RJ@GACXUO2INV[3PUJW]RJA_ITJ^K^E\\[[QVEPVKJ
4E
UXWA\\FUA	NK[B	IQIIGDXFVO QAY[ZG\A@B	KQIIGDXFVO&NI^ANL\JW^UJBFG%NVFKSSRL@Q	V7@QQ CD[VOB[\FL<[ACQ	V7AQQ CDZHXNMHSUSI@QGER^[SJ_QW%		F[YRSI]_NPJWTNXDGJ^XXF\\UUA^SXL QX]NNXDEJ^XXF\\UUA ,]Z]@@QQDDYQVO&
AC]A\AS[E
,H[F@\@\_
UAQTI\D3EULJ
4E
VXWA\\EUA	NI_@ZXWDOI@@ZVJAR	
 <	@@TWX\@@]QN\SVO PAY[UGXARLE AQQJ@\TJO\NR[VQUEV^EDO,PJ^H]\N[YQTI\D@SZ7@@BA[CCDF	&_QV@R^DO^UJCD4EVRX
	<		ANKS^UDO	
QIXGFXTVO AYPJ^A\]@S=
 QNYTJ\\N ACXE@SY^NXXJBYCVDF	E[YAZH^C\SNLC	SXIQR ADXFVO&NI^ANL\JW^UJCDG%NVFKSSSN@Q	V7@QQ CD[VOB[\GN<WV[VNP2
AIBDXVVOUCQZSK\C@SBOVQHAG[Q3	RAC]C\@NLY @@GFG^RVNOASSS[@QPUJWNZBCC[_V]NM[[[SI\Q@S\	7QIY_V XWB[\GNOA3LVZ]\RM_QW%		D[YRSI_@SPYW_2XVXIIT2KAYRI\A@SEER_[TLCCGOJ_]ENSOA
	1A]@@BC[ _VNVCMOA 	B@T_\U\RX_QPVXWRTXOISAO[ _]JUXZJCQG
%	UCQSO[NKPYW_AN4XVRUH]@\[[[3PTJW]RJ@GACXTM2D_NMA	.EZOVSJCAGF@_F_XGIOASX]TY]@@R+
ANVFISRO[ LS[ANQNJ\K[@\N[[	ANK@VQX]NNXDEJ^XUAZ\G[OA 3PER_\NXIACXTMAR	<
[VB^AR^KJ
4E
WXWA\\DOAQN\C[.V\]O	nHOJ]\GKOAQVCW^WXANIFQWL]\N	 &
SLVX]]NXTVRPHARPACNDTER^KJAIQCPPJ]R@NHNINFZZWJAN4C F@_@@NAYQN\C[]@
G2XIBYCD_HX
	<		@NKS^TANPMCC\nGEJ^O

< ^SX_WZANQQ@LZTJAR AYKTG^ANLP%
TBVRUJ]A@N[VG]]@T_@@QD^CDJHX KAYANYA\A@B	KQIIFFXTXAR<	QVCRBOVPMCC\Q
2NMHQSSI[_NP2
@IBDXWAR^[GIT<WINISS3YIEXTHAR	[YQQO_C\]@ZNXHDGR_V3 R[VB\ASB	XIG[Q	CNVUNQSSIN_N@ZOV@MAC[QXJ	]UCATQI\CN]@Z2QQCXJOJ^[GITOA.
]Y_\RJD_IT2JAYRI\@]@\WZ[3[OQI/QAYH\C^]@MJW]TMJA[_VNVNL[[SUN
A8KQIZCEDF	 UCZVO[ ]]J_XZJCCIQ	BNVUKW[SI\Q@SY\NXXAGSCDJHX([VA\]@QER_[RHE_IU;	RV]EISQUUN
A8IQIZCGHX_G\^A&ZWACQ	V7AQQ CDZHXNMHUPPL\C@SBOV[N@B[Q3	RAC]C\@NLY @@JGG^RVNEMW[SIN_N@ZOV@HGGSCVDF	F[YAQMXK\A@B=IFXHXNVENSQUUN1\JW]PJCA]Q3	PAC]C\BBU_]^T%JDIV3 Q[VB\APBNXKDDXCDDF
	UCZZSO\_NP2
BIBDXUVO	AYZN@QPTJWNPOGG[QXJ	^UCAQVMXC\SNLC	SXIQYG@XTXAR<	QVCRBOVPMCA]Q
2NMHQSSKZ_NP2
@IBDXWAR^[GKU<ZONISS3YIEXTHAR	[YRTKYJ\ANLE@@JD_CXJ(HNI]AR_EQIR_V_NM[QVRK\CN]@T^@@QA^ ADXFVO RAY[^F]CR^KJ,
EVRVJARUCQTSKZ_NE8	NXKAC[EXJ(JNI]AR]HKJ_[RHE,R QNF	&^QV@R^KJXIB^ADXTVO AY[@ZD\]@S=
 QNYTJ\\N ACUB@SY^NXXA@^CDJHX KAYAK_F^ARLE BQQAG]VJ]R@N
<	SX\KJ@@AD[EXJ  3[YRQI\AZ]@S=
QNYTJ^@NENSRV&YQV
@S=
QNYTJ_\N		AYPM\C@SBOVPJECG/RAYH\C]]@PNXO_QPWXWR_^GIAOAPLE[_\RX_QPUXWR_^GIAOA.AJW^RVQIF_TKX\N<
NI]CR^RDO	nIOJ]\GJOAK[C\F=ZERNE, _RV]GIQOANKQZ_X]@@
CQN[RHX@@N 3_]Y]\SVQGJ^NT\NP[VQ]ARVWJANQNJUJ]H\\UUA]SXLWXU\RX_Q^7NVEIOA
NI^FR^KJ	
,IEZTJ]G@N 3]]Y]\Q_QYCD_;NURVU,ER\\RH_QIVRWI^E\\[[QVBW\WDO	nKOJ]\GHOA SXZKJ@IQM_RJ]R@NKNINHUXWJAN QNJ]M[@\N[[ 
3LUXANQIYCD_HX	(AYH^C\AUB	,AGJ^K]@_[[QTSHY,XSX	,AFJ^K]@^@UAC]J\ANLE@@BFX_V3 R[VB\ASB	XIGG^RVNEMSSAUNERO^VJCQG\RVNEMSSAUN1GNXHC_IXVRVM]AY@U&NKS\WYX@@R+
CNVFISPUNA[AS[jTJW@R+
BNVFISQO[	SXWWDOIBDYTVO

< ]SX_WYANIGDF	D[YARO\CN]@T^@@QB]CVDF	F[YARO\CN]@Z2QQCXJOJ^[GHVOA.
]Y_\RKF_IT2JAYRI\@]@\WYX3PXIIT2KAYRI\A@SEER^\RVQFJ^O]@@N 3_]Y]\SVQGJ^HARPACNK\A@B	HQII	CDJHX HAYAA\CN]@Z2QQCXJOJ^[GHVOA.
]Y_\RKF_IT2JAYRI\@]@\WXU3ZBQI/QAYH\C^]@MJW]QMKJ[_VNVOLRWSUN
A8KQIZCEDF	 UC[[O[ ]]J_^WLCCIQ	BNVUKQVUI\Q@SY\NXXAA^CDJHX([VA\]@QER_[RJK_IU;	RV]EISS[UN
A8IQIZCGHX_G\\O&[ZACQ	V7AQQ CDZHXNMHWRZH\C@SBOVZLEG[Q3	RAC]C\@NLY @@KJG^RVNEK[[SIN_N@ZOV@HAKSCVDF	F[YAQKTK\A@B=IFXHXNVENSS[UN1\JW]PJCCSQ3	PAC]C\BBU_]]P%B@\IJ(KNI]AR\E@@GE\KDXHX	[YRTJ_D\]@S=
 QNYTJ\\N AC]@[]@T_@@Q@SGDXFVO QAY[_K^ER^KJBIQGPVN]@N@U
&@TWDOXIA\BFDF3AYRK\C]CNLP%
T@VRUJ]C@UKTSRJ3B\@@TNE
,HZF@\@\^[[[VBUFV_WDOIBD]QM]\N	 &
SLVX]]NXTVRUJ\\NP[VQ^GU\WJANQNJVLZB\\UUA]SXLQ__\RX_Q^7NVEIOA
NI^FR_KJ	
,IEZTJ\C@N 3]]Y]\Q_QYCD\;KZINV[3PUJW]RJA_ITJ^K]FUXCISOA		@TP\YYRVQW; 	]UCRSSH@Q YER\[[VQ
][F@OE]ZOISAO[ \]JX]TBCCIQ	ANVULRU[I\Q@S\	7QIZ_V XWB[\GMOA3LVZ]\RN_QW%		D[YRSI_@SPYW\2]UBQI/QAYH\C^]@MJW]ROCGSCXJNMKTRTO\_NP2
BIBDXUVO	AYRNT_N@[OV@OB@]CVDF	E[YAVH_E\A@B	KQIIBG^TJO\N<NKS^E	NXHDC[_V/UCRQSI\G@SS3XIEXTI\N^@ISW<H[DNKLP%
TAVRUJ]B@NAYH\@]FU^KJQQEMX\JAR	
 <	@@TWX\@@]QNYSMARPACNF]AV^EDOYIV]UJY@\N[[	BNK@[W\]\@VQX+RV]GUA
[VA[ARZE%IBFXTJY\N	 &
QLVX]_VQA\C@7UM[RVU,ER\\RH_QIVRUJ\C_]GIOASX\Q\_\NXT 7]NMHSSRUN	]YZZNXDGJ^XX@[^GIAOAPLE]][PJCQG\RVNBITQSIN_N[8XIB[QF@_G\\CUA,@TUX]\VVQW; 	_UCRSSJ_NCU^S7\[WXIIT2KAYRI\A@SEERTUWKCC[QRV^AJTTSUN
A8KQIZCEDF	 UCRTVUNEROYRNCC[_V^NM[VSWI\CN]@T]@@QF[CDXFVO&NI]ANL\JW^UJCGG%NVFKSSSM@Q	V7@QQ CD[VOB[\GM<RTMNISS3YIEXTHAR	[YZTN]G\ANLE@@AEZ @DDF	&]QV@R^KJ	QQ D@DF	D[YAVI\K\A@B	HQIICDPTJO\NR[VQYARVWJAN4C F@\@@NAYQN\CX]@
G2XIBYCD\HX
	<		@NKS^TANPMCC_nBC[F@R	
 <	C@TWX_@@IJAQPH]@@N[VAYIW_KJ
4E
UXWA\\FUA	NKSYKJ@IQ@QSL]@N@U^QVSVWQX]NNXDEJ^XYI[ZGIAOA.AJW]RVQIF_TJY\N<
NI]CR^SDO	nIOJ]\GJOAK[C\E=_UJW@R+
BNVFISQO[	SXWVQX\RVQFJ^HXEU\GUA	.EYOVSJCBGOJ][EUA_SXL^\Y\RX_QPVXWRXUCMSSAUNEROX[NGC[_V/AYRI@Q@TPX]XNXA,F@\B\\GMOA
=L^NXKCCXL_VZSJ]D3]@HAY[	
j	PXIB[AXJRVUEMTQSI@QGER_YQIBCG/RAYH\C]]@PNXKDBG^RVNC@RQSIN_N@ZOV@NJBYCVDF	F[YAW@]A\A@B=IEXHXNVENSSWUN1\JW]PJCC_Q3	PAC]C\BBU_]\V%BD[IJ(KNI]AR\E@@JC\GDXHX	[YQVI[@\]@S=
 QNYTJ\\N AC]D\]@T_@@QGS	CDXFVO QAY[XKTAR^KJBIQ@P\J]@N@U
&@TWDOXIA\C@DF3AYRK\C\ENLP%
T@VRUJ]C@UKTSSJ3BTD@TNE
,HZF@\@\^[[[VB]IZYWXANIFQTC\@@N 3_]Y]\SVQGJ^KUE@NJNINDQXWXO@@TAVRFO^F\\G[OA 	@@TR[[\RJQ_IR;	NMHSOAQVCU^TDO,UQNYVJ]@_@U,ER\\RI_IDDXW%\HXNMA	.EZOVSJCAGF@\AZTFLSSO[LUPU]QJ_QW%		F[YRSI]_NPJW]ZN_QPWXWRY_EASSAUNEROYQHKC[_V]NM[VPQA\CN]@Z2QQ CXJOJ^[GIPOA.
]Y_\RJ@_IT2JAYRI\@]@\WX^3SBDQQJQ3	QAC]C\CNLPOVSH@C] CDDF
	UCQZUL]C@SS3ZIEXTKAR 	AYHTD@SY^NXXFGYCDJHX KAYALXAXARLE BQQF@ZPJ]R@N
<	SX_KJ@@AD[@XJ  3[YRQI\C_]@S=
QNYTJ^@NENSSP&]KZSX	,AFJ^K]@^@UAC]A\HW\WDOIAM[SJ]\N	 &
SLVX]]NXTVRUB[\NP[VQYB[\WJANQNJQITB\\UUA]SXL TQ_\RX_Q^7NVFIOA
NI^FR^KJ	
,IEZTJ]C@N 3]]Y]\Q_QYCD[;KUANV[3PUJW]RJA_ITJ^K\@T]EISOA		@TPQUTRVQW; 	]UCRSSH@Q YER\TSVQ
][F@OE^_EISAO[ \]JX^QHCCIQ	ANVULQPQI\Q@S\	7QIZ_V XWB[\GJOA3LVZ]\RI_QW%		D[YRSI_@SPYW[2]ZJQI/QAYH\C^]@MJW]RBKE^CXJNMKTTRO\_NP2
BIBDXUVO	AYRA\_N@[OV@OAC[CVDF	E[YAVK\C\A@B	KQIIADXTJO\N<NKS^E	NXHDC[_V/UCRQSI\@@SS3XIEXTI\N^@ISP<HT@NKLP%
TAVRUJ]B@NAYH]G[IU^KJQQKA[SJAR	
 <	@@TWX\@@]QNY\IARPACNF^HT^EDOYIV]VC[@\N[[	BNK@[^^]\@VQX+RV]GUA
[VA[AR]E%IBFXTJ^\N	 &
QLVX]_VQA\CG7UB_RVU,ER\\RH_QIVRUK_GTZGIOASX\U^_\NXT 7]NMHSSRUN	]YU^NXDGJ^XXBZXGIAOAPLE]_ZVJCQG\RVNBKUWSIN_N[8XIB[QF@_G\\DUA,@TUX]\QVQW; 	_UCRSSJ_NCU^T7\\TXIIT2KAYRI\A@SEER_^VCAC[QRV]FJZZSUN
A8KQIZCEDF	 UCRSUUNERO^ZIAC[_V^NM[Q[PK\CN]@T]@@QASADXFVO&NI^ANL\JW^UJB@G%NVFKSSRJ@Q	V7@QQ CD[VOB[\GJ<R[@NISS3YIEXTHAR	[YRQN_E\ARB	XI@[BCXHX
	<		BNKS^VDO IBLQHX JAYALXKTARLE AQQF@P\J]R@NHNINDVVWXO@@nXWA\@UAYK[C\BNLQ3QIZCDXWVO

< _SX_W[@@HDC[,EP\XWN	 &
PLVX]^NXIEZQKTG\\[[QVC[WTXANE, \RV]GIROA		@T_PANQNJQNXF\\UUA^SXL S][\RX_QPUXWRYXBOSSAUN1GNXKC_IXVRVM]@_@U&NKS\WX^@@R+
CNVFISPUNA[AS\jV^OVXT 7^NMHSSQUN@T^]]\NXTVR\L\@@N 3_]Y]\SVQGJ^K[\NP[VQ]FT^EDOYIVYSL]@N@U]QVSSYWXO@@nXWB\@UAYK[C]CNLQ3QIZCDYVVO

< _SX_W[@@HDCZ,E_F@R	
 <	C@TWX_@@IG@YTJAR AY@^D\]@S=
 QNYTJ\\N AC]D@SY^NXXBJYCVDF	E[YAR@^C\SNLC	SXIQZADXFVO&NI^ANL\JW^UJBAG%NVFKSSRK@Q	V7@QQ CD[VOB[\FK<RW[VNP2
AIBDXVVOUCPRSI\_NPJW[QHC_IT2HAYRI\B@SCOVSN_QPWXWR]XCISAO[ \]J\XVJCQG\RVNFMWSS[@Q j		@@ACGJ^HZ@]^[[	3SX_WX\^NXT 7_NMHSSP@Q^FR^8Y\X@@QW%		E[YRSI^_N]ZZX[NCCGOJ]^OHQSO[	
j	SXIB[BXJ NMHRWO[ ]]J^\ZBCCIQ	BNVUJS[[I\Q@SY\NXX@CS	CDJHX([VA\]@QER_[RJJ_IU;	RV]EISSZUN
A8IQIZCGHX_G\\N&RRV[VNP2
AIBDXVVOUCQ[RNZC\]@ZNXKAJRCXJ(HNI]AR_EQIZ FXJ	_UCAPRK\C\SNLC	PXIQX ADXTXARRACN@]CR^EDO,PJ^H]\N[YQTI\J@SZ7@@BA[CMDF	&_QV@R^DO^UJCJ4 BBJ^O

< ^SX_WZANQQKL_UJ]\NAC]@]FZ^E
,HYF@\@\][[ QV@SXE @QQ@E]VJ]R@NKNINBS[WXO@@TBVRFI\E^\G[OA 3PER_\NXIACXTCAR	<
[VB^AR^KJ
4E
WXWA\\DOAQN\CU.S_ERNE, _RV]GIQOANKPW PQ]\NXTVRUI^F_\[[3PVJW]RJB_I]XWA][[[	@NK@]_\]\@VQ
]ZF@OC]TCISAO[ _]J^]ZNCCIQ2[YQSUNSX\WXT@@nJ^K_@\\NUA	.E[OVSJC@QF_TJT/]]G[YA
	1A^@@BC[_V
OJ^XO@VSSUN]Y_\[OC_IT2HAYRI\B@SCOVSKC_IGIOJN^NOSSS[@QPUJWNPCEC[QXJ	]UCAQZO\C\SNLV3IADDF	RV^@ISZO[=QER\^RJCJG/PAYH\C_NLPX]U=KBBIV3 Q[VB\APBNXHFFYCDDF
	UCRQQN^C@SS3ZIEXTKAR 	AYH]B@SY^NXXAJRCDJHX KAYAKUJ^ARLE BQQAMQVJ]R@N
<	SX\KJ@@AD[JXJ  3[YRQI\CU]@S=
QNYTJ^@NENSSZ&]B^SX	,AFJ^K]@^@UAC^E]G[^KJQQ A@]UJAR	
 <	@@TWX\@@]QNYUHARPACN@\CV^EDOYIV[THY@\N[[	BNK@]U\]\@VQX+RV^GUA
[VA[ARWE%IBFXTJT\N	 &
QLVX]_VQA\CM7UK^RVU,ER\\RH_QIVRVLUBY\GUA	NKS\TY]@@R+
ANVFISRO[ LVY^@@T@VRFI]EZ\G[OA 	C@TTXXZRJQ_IGKOJN_GLUSS[@Q j		@@ACGJ^HZ@\U[[	3SX_WX]UNXT 7_NMHSSP@Q^FR_8Y_NXQW; 	^UCRSSK@Q		LU[Y\RVQFJ^L]G\@U,ER\\RK_QTF@\B@NJNIN@S\WJANQNJUK_@\N[[	BNK@_UX]NNX_,	OJ^\[[
AC^D\@PB=QQ ADXUHAR	
 <	B@TWX^NXAD[J+YUBOJN 3\]Y]\PVQAQN[TI]@\\[[QV@Q[^XANE, \RV]GIROA		@TVPANQNJWH\F\\UUA^SXLUY[\RX_QPUXWR_^FOSSAUN1GNXHC_IXVRVM]@U@U&NKS\WXT@@R+
CNVFISPUNA[ARWjVYTNXQW; 	^UCRSSK@Q		LTY]_VJC_IAXWA_[DNSOA
	1A]@@BC[ _VNVFHZOAQLE[_XZJCQG_RVNDKW[SIN_N@YOV@IAGSCVDF3AC^C@S
]ZZ\RC_QC7OJ]^GISZO[	
j	QXIB[@	DFHZ@]^(HPAYN
A8HQIZCFDF NVENRSSUN]^[URVQW; 	]UCRSSH@Q YER\_NXDGJ^X\BT\G[OA 	C@TVZU\RX_QPUXWR]^OISAO[=TOVPJ_QUQNZSJ\B@N<QV@P^VZANE, ^RV]GIPO[^D\@P1WJW@R+
BNVFISQO[	SX_QX]@@
CQN\\L]\N	 &
SLVX]]NXTVRUJARPACNK\ARLE AQQKDXTXARRACNK\ARLE%TQNZTVONMKTSRK@QjOVSHCCZ_V3 P[VB\AQEZZ\SK,D^IJ(KNI]AR\E@@JASCDDF
	UCUU[H\_NP2
BIBDXUVO	AYTL@QPTJWNSBGC[QXJ	^UCAR[M\C\SNLC	SXIQZ	GDXTXAR<	QVCRBOVPMCBZQ
2NMHQSSH]_NP2
@IBDXWAR^[GHQ<RHNISS3YIEXTHAR	[YRZ@\C@SBOVWNECG/RAYH\C]]@PNXKB_IGIOJNUAISAO[ \]JTZRJQ_IGKOJNUAISAO[=TOVPJ_QUQNZSJ\B@N<QV@P^VZANE, ^RV]GIPO[^D\@Q1W\OVXT 7^NMHSSQUN@TV[XTRJ_Q^F@\A\YOIOA
=L\NXKCCZQRV]GMOA 	B@TU_[TRJQ_IGHOJN^@O[SS[@QPVJWNPMEK[QXJ3AYK\_NLU_]]QVQ^+ XWA^\GHPOA
	1A_@@BC[XJVM]@]3NOAY[	
j	PXIB[AXJRV]@KVZSI@QGERT[VLC_IT2HAYRI\B@SCOV[L_QPWXWR^YFKSSAUNERO^WKAC[_V]NM[QVRK\CN]@Z2QQ CXJOJ^[GIROA.
]Y_\RJB_IT2JAYRI\@]@\WX\3[MQI/QAYH\C^]@MJW]UM@E[_VNVN@SUSUN
A8KQIZCEDF	 UCZTO[ ]]J_YVNCCIQ	BNVUKVWWI\Q@SY\NXXAF_CDJHX([VB\]@QER_[RJB_IU;	RV]EISSRUN
A8IQIZCGHX_G\\F&ZWACQ	V7AQQ CDZHXNMHUPPL\C@SBOV[N@B[Q3	RAC]C\@NLY @@JGG^RVNEMW[SIN_N@ZOV@HGGSCVDF	F[YAQMXK\A@B=IEXHXNVENSSRUN1\JW]PJCCZQ3	PAC]C\BBU_]\S%JFIV3 Q[VB\APBNXKEDRCDDF
	UCZV[A\_NP2
BIBDXUVO	AYZL@QPTJWNPNKC[QXJ	^UCAQWA\C\SNLC	SXIQYKDXTXAR<	QV@RBOVPMCCZQ
2NMHQSSI]_NP2
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EVRUJARUCQTSI]_NE8	NXKAC[BXJ(JNI]AR]HKJ_[RJB,RQNF	&^QV@R^KJXIB^	KCXTVO AYZK[F\]@S=
 QNYTJ\\N ACU@@SY^NXXAGZCDJHX KAYAKXBZARLE BQQA@YRJ]R@N
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QNYTJ^@NENSSR&UCNKLP%
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G2XIBYCDYHX
	<		@NKS^TANPMCCZnJEJ^O

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4E
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][F@ODYZGISAO[ \]JYYTJCCIQ	ANVUMVUSI\Q@S\	7QIY_V XWB[\FKOA3LVZ]\SH_QW%		D[YRSI_@SPYVZ2]TIQI/QAYH\C^]@MJW[[O@G[_VNVEJPSUI@Q	V7BQQ CDYHX	[YRUJ@QPTJWNVLFE[QXJ	^UCAWULZC\SNLC	SXIQ_FBXTXAR<	QVCRBOVPMCBYQ
2NMHQSSH^_NP2
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@S=
QNYTJ_\N		AYTA\BUARB	XIAXFMXHX
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< _SX_W[@@HDCZ,E^QXWN	 &
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=L\NXKCCZQRV]AMOA 	B@TS^UTRJQ_IGHOJNXAA[SS[@QPVJWNVLKK[QXJ3AYK\_NLU_]]PVQ^+ XWA^\GHQOA
	1A_@@BC[XJVM]@]3NAAY[	
j	PXIB[AXJRV]OKQQSI@QGER\\RLDCG/RAYH\C]]@PNXCK_IGIOJN^BNUSS[@QPUJWNPODE[QXJ	]UCAQVNZC\SNLV3IBDDF	RV^@ISRO[=QER\^RJCBG/PAYH\C_NLPX]]=CJQQJQ3	QAC]C\CNLPOVSBDBSCXJNMHSQQ@\_NP2
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2NMHQSSI]_NP2
@IBDXW11[IOSO"1_7,N5h:b