65
$/=@+$='$<A+$?+#B+@<$B&9(,"<=&($B&#$<&,">K'$A+"%<A=+#$+"<=(;H$I<$='$"$(9<#=+(<1,+('+$@&*?%+i$@"#:&A>,#"<+$<A"<$'9??%=+'$+(+#;>J$$:+#J$+''+(<="%$O=<"*=('$"(,$*=(+#"%'$
"(,$:+(+$@="%$"(<=&i=,"(<'H$/=@+$@&*:=(+'$P+%%$P=<A$&<A+#$A+"%<A>$B&&,'$'9@A$"'$O+;+<":%+'J$B#9=<'J$*+"<J$'+"B&&,J$?&9%<#>J$:+"('$"(,$'&>$B&&,'H$$
8+"#%>$WW|$&B$#=@+$@&('9*+,$=($<A+$VH4H$='$;#&P($=($<A+$VH4H$.#G"('"'J$0"%=B&#(="J$a&9='="("J$Q+i"'J$7=''=''=??=$"(,$7=''&9#=$?#&,9@+$A=;A1L9"%=<>$O"#=+<=+'$&B$
'A&#<J$*+,=9*$"(,$%&(;$;#"=($#=@+$"'$P+%%$"'$'?+@="%<>$#=@+'$=(@%9,=(;$S"'*=(+J$:"'*"<=J$"#:&#=&J$#+,$"#&*"<=@$"(,$:%"@G$S"?&(=@"J$"*&(;$&<A+#'H
QA+#+$"#+$*"(>$,=BB+#+(<$O"#=+<=+'$&B$#=@+$"O"=%":%+$=($<A+$*"#G+<H$R&9#$.#&*"
C
$/=@+$0&&G+#$@"($@&&G$"(>$<>?+$?+#B+@<%>$+O+#>$<=*+H$QA+$B&%%&P=(;$"#+$<A+$@&**&(%>$
"O"=%":%+$O"#=+<=+'$&B$#=@+$"(,$<A+=#$@A"#"@<+#='<=@'-
#W.*(#F&,B*#HB0'
QA='$#=@+$A"'$"$%&(;J$'%+(,+#$G+#(+%$<A#++$<&$B&9#$<=*+'$%&(;+#$<A"($=<'$P=,<AH$
F9+$<&$=<'$'<"#@A$@&*?&'=<=&(J$@&&G+,$;#"=('$"#+$*&#+$'+?"#"<+J$%=;A<$"(,$
$9BB>$@&*?"#+,$<&$*+,=9*$&#$'A&#<$;#"=($#=@+H$QA+$*"S&#=<>$&B$PA=<+$#=@+$='$
+(#=@A+,$<&$#+'<&#+$(9<#=+(<'$%&'<$,9#=(;$?#&@+''=(;H$q#+"<$B&#$+(<#++'$"(,$
'=,+$,='A+'}$$#=@+$:&P%'J$'<=#1B#=+'J$'"%",'$"(,$?=%"B'H
O'/B)<#F&,B*#HB0'
NA+($@&*?"#+,$<&$%&(;$;#"=($#=@+J$*+,=9*$;#"=($#=@+$A"'$"$'A&#<+#J$P=,+#$
G+#(+%$<A"<$='$<P&$<&$<A#++$<=*+'$%&(;+#$<A"($=<'$P=,<AH$0&&G+,$;#"=('$"#+$
*&#+$*&='<$"(,$<+(,+#$<A"($%&(;$;#"=(J$"(,$A"O+$"$;#+"<+#$<+(,+(@>$<&$
@%=(;$<&;+<A+#H$q#+"<$B&#$+(<#++'J$'9'A=J$#='&<<&$"(,$#=@+$?9,,=(;'H
?Y.&+#F&,B*#HB0'
4A&#<$;#"=($#=@+$A"'$"$'A&#<J$?%9*?J$"%*&'<$#&9(,$G+#(+%H$0&&G+,$;#"=('$"#+$
'&B<$"(,$@%=(;$<&;+<A+#J$>+<$#+*"=($'+?"#"<+$"(,$"#+$'&*+PA"<$@A+P>J$P=<A$
"$'%=;A<$'?#=(;=(+''$<&$<A+$:=<+H$q#+"<$B&#$'9'A=J$.'="($,='A+'$"(,$,+''+#<'H
$6&#$#+@=?+'$"(,$#=@+$=(B&#*"<=&($O='=<$<A+$V4.$/=@+$6+,+#"<=&($&(%=(+$"<$999:)-,&B0':0.<>0.*-)<'&H
_&.9*#HB0'
5#&P($#=@+$='$"$DXX|$PA&%+$;#"=($B&&,$<A"<$$<'$<A+$VH4H$F=+<"#>$q9=,+%=(+'$B&#$
.*+#=@"('$#+@&**+(,"<=&($<&$=(@#+"'+$,"=%>$=(<"G+$&B$PA&%+$;#"=('H$5#&P($#=@+$
@&(<"=('$<A+$(9<#=+(<1,+('+$:#"($"(,$=((+#$;+#*$%">+#$PA+#+$*"(>$:+(+$@="%$
@&*?&9(,'$"#+$B&9(,H$5#&P($#=@+$='$"O"=%":%+$=($'A&#<J$*+,=9*$"(,$%&(;$;#"=($
O"#=+<=+'$"(,$@"($:+$9'+,$=(<+#@A"(;+":%>$P=<A$+(#=@A+,$PA=<+$#=@+H$
oBS/#HB0'
N=%,$#=@+$='$"($"L9"<=@$;#"''$;#&P($=($7=((+'&<"$"(,$0"%=B&#(="$"(,$='$"$B#+L9+(<$
",,=<=&($<&$%&(;$;#"=($#=@+$?=%"B'$"(,$#=@+$*=i+'H$I<'$9(=L9+$$"O&#J$<+i<9#+$"(,$
#=@A$,"#G$@&%&#$?#&O=,+$"$,+%=@=&9'$"@@+(<$<&$#=@+$,='A+'H$N=%,$#=@+$"%'&$*"G+'$
"$P&(,+#B9%$'<9B$(;$B&#$?&9%<#>$PA+($@&&G+,$P=<A$:#&<A$"(,$*=i+,$P=<A$>&9#$
B"O&#=<+$,#=+,$B#9=<'H
;_NGK#HL=J
#=.)&+'-D#.Q#+Y'#G?;#HB0'#V'/'&,+B.*
65
$]%$"##&[$+'$%"$:"'+$?+#B+@<"$?"#"$<+(+#$9("$"%=*+(<"@=_($*^'$'"("$A&>$+($,`"H$]'$9($@"#:&A=,#"<&$@&*?%+S&$L9+$?#&?&#@=&("$+(+#;`"J$$:#"J$O=<"*=("'$>$*=(+#"%+'$
+'+(@="%+'J$>$"(<=&i=,"(<+'$:+(+$@=&'&'$?"#"$(9+'<#&$@9+#?&H$]%$"##&[$'+$?9+,+$@&*:=("#$@&($&<#&'$"%=*+(<&'$'"%9,":%+'J$@&*&$O+#,9#"'J$B#9<"'J$@"#(+$,+$#+'J$
?+'@",&$>$"O+J$B#=S&%+'$>$?#&,9@<&'$,+#=O",&'$,+$%"$'&>"H$
0"'=$+%$WW|$,+$"##&[$@&('9*=,&$+($%&'$]]HVVH$'+$?#&,9@+$+($%&'$]]HVVH$.#G"('"'J$0"%=B&#(="J$a9='="("J$Q+S"'J$7=''=''=??=$>$7=''&9#=$?#&,9@+($%"'$O"#=+,",+'$,+$"%<"$
@"%=,",$,+$"##&[$@&#<&J$*+,=&$>$%"#;&$,+%$;#"(&$"'`$@&*&$"##&[$,+$%"$+'?+@="%=,",$=(@%9>+(,&$S"[*`(J$:"'*"<=J$"#:&#=&J$S"?&(=@"$"#&*^<=@&$>$(+;#&$#&S&J$+(<#+$&<#&'H
T">$*9@A"'$,=B+#+(<+'$O"#=+,",+'$,+$"##&[$,='?&(=:%+'$+($+%$*+#@",&H$49$.##&@+#"$,+$.#&*"
C
$?9+,+$@","$O+[$@&@=("#$@9"%L9=+#$<=?&$,+$"##&[$?+#B+@<"*+(<+H$.$
@&(<=(9"@=_($+(@&(<#"#^$%"'$O"#=+,",+'$,+$"##&[$@&*)(*+(<+$,='?&(=:%+'$>$'9'$@"#"@<+#`'<=@"'-
#;&&.Z#/'#(&,*.#S,&(.#
]%$"##&[$,+$;#"(&$%"#;&$+'$"%"#;",&$>$,+%;",&J$>$'9$%&(;=<9,$+'$,+$<#+'$"$
@9"<#&$O+@+'$*">&#$L9+$'9$"(@A&H$F","$'9$@&*?&'=@=_($,+$"%*=,_(J$
%&'$;#"(&'$@&@=,&'$L9+,"($*^'$'+?"#",&'J$%=;+#&'$>$+'?&(S&'&'J$+($
@&*?"#"@=_($@&($+%$"##&[$,+$;#"(&$*+,="(&$&$@&#<&H$I,+"%$@&*&$?%"<&$
?#=(@=?"%$>$"@&*?"h"*=+(<&-$<"[&(+'$,+$"##&[J$B#=<9#"'$@&($?&@&$"@+=<+J$
+('"%","'$>$?=%"B'H$
;&&.Z#/'#(&,*.#<'/B,*.
]%$"##&[$,+$;#"(&$*+,="(&J$+($@&*?"#"@=_($@&($+%$"##&[$,+$;#"(&$%"#;&J$+'$
*^'$@&#<&$>$"(@A&J$>$'9$%&(;=<9,$+'$,+$,&'$"$<#+'$O+@+'$*">&#$L9+$'9$"(@A&H$
a&'$;#"(&'$@&@=,&'$L9+,"($*^'$A)*+,&'$>$<=+#(&'$L9+$+%$"##&[$,+$;#"(&$
%"#;&J$>$<=+(+($9("$*">&#$<+(,+(@="$"$9(=#'+H$I,+"%$?"#"$?%"<&$?#=(@=?"%$J$#='&<<&$
&$"##&[$@&($%+@A+H
;&&.Z#/'#(&,*.#0.&+.#
]%$"##&[$,+$;#"(&$@&#<&$+'$*^'$#+%%+(&J$@&#<&$>$@"'=$#+,&(,+",&H$a&'$;#"(&'$
@&@=,&'$L9+,"($:%"(,&'$>$<=+(,+($"$9(=#'+J$?+#&$"9($"'`$L9+,"($'+?"#",&'$>$
$!"#"$*^'$=(B&#*"@=_(J$O='=<+$+%$'=<=&$P+:$,+$%"$6+,+#"@=_($,+$.##&[$,+$%&'$]]HVVH$+($999:)-,&B0':0.<>0.*-)<'&H
"%;&$;&*&'&'J$>$,+S"($9("$'+('"@=_($?+;"S&'"$"%$@&*+#%&'H$I,+"%$?"#"$'9'A=J$?%"<&'$
"'=^<=@&'$>$?&'<#+'H
;&&.Z#B*+'(&,S#
]%$"##&[$=(<+;#"%$+'$9($"%=*+(<&$+%$DXX|$+(<+#&$,+%$;#"(&$L9+$@":+$%"'$?"9<"'$
,=+<b<=@"'$,+$%&'$]]HVVH$?"#"$%"$#+@&*+(,"@=_($,+$%&'$"*+#=@"(&'$"%$?#&,9@<&$
,="#=&$,+%$"9*+(<&$,+$;#"(&'$+(<+#&'H$]%$"##&[$=(<+;#"%$(&$<=+(+$%"$@^'@"#"$+i<+#=&#J$
?+#&$@&('+#O"$%"'$@"?"'$,+$'"%O",&$L9+$%+$,"($9($@&%&#$<&'<",&J$9("$<+i<9#"$
"%;&$;&*&'"$>$9($'":&#$,+%=@",&$'=*=%"#$"%$,+$%"$(9+[H$]%$"##&[$=(<+;#"%$+'<^$
,='?&(=:%+$+($O"#=&'$<=?&'J$=(%9'&$+%$;#"(&$@&#<&J$*+,="(&$>$%"#;&$>$'+$?9+,+$9<=%=["#$
"%<+#("<=O"*+(<+$@&($"##&[$:%"(@&$+(#=L9+@=,&H
;&&.Z#-BSR'-+&'#
]%$"##&[$'"%O"S+$+'$9("$A=+#:"$"@9^<=@"$@#+@=,"$+($7=((+'&<"$>$0"%=B&#(="$>$+'$9("$
",=@=_($B#+@9+(<+$"$%&'$?=%"B'$,+%$"##&[$,+%$;#"(&%"#;&$>$%"'$*+[@%"'$,+%$"##&[H$49$
'":&#$)(=@&J$<+i<9#"$>$@&%&#$&'@9#&$#=@&$?#&?&#@=&("($9($"@+(<&$,+%=@=&'&$"$%&'$
?%"<&'$,+%$"##&[H$]%$"##&[$'"%O"S+$<"*:=b($A"@+$9($#+%%+(&$*"#"O=%%&'&$?"#"$%"'$"O+'$
,+$@&##"%$@9"(,&$+'<^$@&@=(",&$@&($@"%,&$>$
*+[@%",&$@&($'9'$B#9<"'$'+@","'$?#+B+#=,"'H
#;=JH;#IJW#;HHNl
##=.&+'-e,#/'#S,#V'/'&,0Bi*#/'#;&&.Z#/'#JJ:GG: