docFrauen auf dem Thron des Tennô - Historisches Relikt
download 
Denúncia Transcrição
Frauen auf dem Thron des Tennô - Historisches Relikt
!
!"#$%&'#$(')%*'+,"-&')%.'+%&&/'0
12.3-"2.4,%.'5%6273'-)%"'8$7$&(3.9%".9%732:%;
8$"'<2.7$..2-&'$*')2%'=%2>624,%'+,"-&(-6?%'
:-"')%*'?%&)%"3,%-"%32.4,%&'12&3%"?"$&)
@#?2.3%"#">%23'
2*'!#4,'A#9#&-6-?2%
#&')%"'
B,26-.-9,2.4,%&'!#7$63C3'
)%"
D&2:%".23C3'E$'FG6&
:-"?%6%?3':-&
5%>%77#'F6#?%.
H$3#4,3%"2&I
B"-(J'<"J'!"#&E2.7#'K,*47%
FG6&L'MNJ'!%>"$#"'MOOP
Q&,#63.:%"E%24,&2.
RJ
'
K2&6%23$&?'S'!"#?%.3%66$&?
MJ
T,"-&-6-?2.4,%'U%3"#4,3$&?')%"'=%2>624,%&'!"##$'$&)')%"'
"!
:%"(#..$&?."%4,3624,%&'@#&2(%.32%"$&?%&')%"'+,"-&(-6?%'
2&')%"'V#9#&2.4,%&'H%.4,24,3%
''#!
$%"
&'(!)*++(+,-..'+!/01.(2134!50'610'
!!7
$%$
823.(!9(2'*:(!;('<='>?(2!!"##$%'0!/=.(2.40
!!@
$%#
A;('.(!9(2'*:(!;('<='>?(2!!"##$%'+!:(2!8:*BA('.
"#!
$%7
C(2D1334+,32(>?.='>?(!E1+'D(3.'(24+,(+!:(2!;('<='>?(+!F?2*+D*=,(
"7
$%7%" &'(!E('G'BC(2D1334+,!H*+!"IIJ!4+:!:13!&$'()!'*%!"#+,#
"7
$%7%$ &'(!C(2D1334+,!:(3!K1'3(22('>?3!L1M1+!H*+!"J7N!4+:!:13
"N!!
&$'()!'*%!"#+,#
$%O
"I
&'36433'*+!40!('+(!P(H'3'*+!:(2!F?2*+D*=,(2(,(=4+,!Q4,4+3.(+!
92'+Q(33'+!/'6*3!'+!:(2!9*='.'6R!&(2!P1.!,(<'=:(.(2!9(23-+='>?6('.(+!
$%@
WJ
$V
/6.4(==(!)'.41.'*+
$I
<%"'?%&)%"3,%-"%32.4,%'12&3%"?"$&)
#%"
#%$
XJ'
S<(2!:13!T(3(.Q!S<(2!:(+!61'3(2='>?(+!U143?1=.
##
W(,2'DD='>?6('.X!,(3>?'>?.='>?(2!/<2'33!4+:!U14M.3.2-04+,(+!
:(2!T(+:(2!).4:'(3
##
T(+:(2!).4:'(3!'0!K*+.(Y.!:(2!;('<='>?(+!F?2*+D*=,(!'+!L1M1+
#@!
Y"?$*%&3%'?%?%&')2%'=%2>624,%'+,"-&(-6?%'#6.'?%&)%"3,%-"%32.4,%'
B%".9%732:%
7%"
F21:'.'*+!:(2!Z'+'(+.2(4(!143!)'>?.!:(2!F?(*2'(+!:(3!
)(Y'3043X!P133'3043!4+:!K=133'3043
7%$
#I
7V!!
P(=','-3(!T24+:3[.Q(!1=3!\231>?(!DS2!:'(!\+H(2('+<126('.!:(3!!!!!!!!!!!!
;('<='>?(+!](3(+3!0'.!:(2!P*==(!:(3!).11.3*<(2?14M.(3
7O
7%$%" K*+D4Q'1+'3043
7O
7%$%$ W4::?'3043
7J
7%#
7%$%# )?'+.^'3043
O"
7%$%7 A43100(+D1334+,
O#
\+3'>?(2?('.!'0!\0,1+,!0'.!('+(2!_214!'+!:(2!9*3'.'*+!:(3!!!!!!!!!!!!!!!!!!!!!!!!!
!"##$%'0!K*+.(Y.!:(2!.*.1=(+!`+3.'.4.'*+
OO
7%#%" &13!E*:(==!:(2!.*.1=(+!`+3.'.4.'*+
OO
7%#%$ &'(!G1M1+'3>?(!E*+12>?'(!1=3!.*.1=(!`+3.'.4.'*+
!
O@
7%#%# T(3>?=(>?.(22*==(+!'+!:(2!.*.1=(+!`+3.'.4.'*+!4+:!'?2(!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
P(=(H1+Q!DS2!:'(!_21,(!:(2!;('<='>?(+!F?2*+D*=,(
ZJ
!#E23'S'Y$.>6247
OI
@"
Z'.(21.42H(2Q('>?+'3
@O
A('>?(+,=*3312
NV
/<<'=:4+,3H(2Q('>?+'3
NO
!"
#$%&'$()%*+,+-./*'0('&&)%*
!"#$#%&'()*+,&-)*.&/0.1%21+3*.456& 78*9*&(%:&;0%+8<0*&=*+:(%3*%&38%3*%&#>&?5&@*$,*>)*.&
ABB?&(>&:8*&C*+,&(%:&91.3,*%&2-.&D*.%9*0E@1%:*.9*%:(%3*%&(%:&FG,.#)+;,,*.&:*.&'#$#%89<0*%&
H*8,(%3*%5A& I.8%J*998% & K8L1 & 0#,,* & *8%*% & "(%3*%& J(. &C*+, & 3*).#<0,5 & F8%* & M#<0.8<0,N & :*.*%&
#(O*.1.:*%,+8<0*9&P%,*.*99*&Q1%&@*8,*%&:*.&=*:8*%&*8%*.&L(.J*%&F.+;(,*.(%3&)*:#.25
7*> & !2.*(:83*%4 & F.*83%89 & Q1.#(93*3#%3*% & R#.*% & 8> & '#$#%89<0*% & K#89*.0#(9 & "#0.* & :*9&
Q*.3*)+8<0*%&(%:&J*.>-.)*%:*%&C#.,*%9&#(2&*8%*%&/0.1%*.)*%N&:#%%&"#0.*&:*.&S%3*R8990*8,&
(%: & $1+8,89<0*. & 789L(9981%*%5 & 7*%% & K.1%$.8%J & M#.(08,1 & (%: & 9*8%* & D.#(N & K.1%$.8%J*998%&
=#9#L1N&0#,,*%&%#<0&%*(%&F0*'#0.*%&ABB6&*8%*&/1<0,*.&)*L1>>*%5&@8*&89,&#++*.:8%39&%8<0,&
)*2(3,N & 80.*> & T#,*. & #(2 & :*% & /0.1% & J( & 21+3*%5 & 78* & '#$#%89<0* & T*.2#99(%3 & )*9<0.;%L, & :8*&
/0.1%21+3*&#(2&>;%%+8<0*&M#<0L1>>*%&8%&:*.&>;%%+8<0*%&U8%8*&:*9&!"##$5
78*&789L(9981%*%&(>&*8%*&R*8)+8<0*&/0.1%21+3*&V%&!"'(&#W&*..*8<0,*%&8%&:*%&*.9,*%&"#0.*%&:*9&
:.8,,*% & "#0.,#(9*%:9 & *8%*% & %*(*% & XY0*$(%L,N & %#<0:*> & 9*8, & -)*. & Q8*.J83 & "#0.*% & 8% & :*.&
L#89*.+8<0*%&D#>8+8*&L*8%&>;%%+8<0*.&/0.1%*.)*&>*0.&J(.&C*+,&3*L1>>*%&R#.&(%:&>#%&98<0&
#(2&$1+8,89<0*.&@*8,*&3*JR(%3*%&9#0N&=#O%#0>*%&8%&Z8<0,(%3&*8%*.&T*.2#99(%39;%:*.(%3&J(&
*.3.*82*%5&F8%0*.3*0*%:&>8,&:*.&[*)(.,&:*9&I.8%J*%&8>&@*$,*>)*.&ABB?&.899*%&'*:1<0&#++*&
\*>-0(%3*%&9*8,*%9&:*.&I1+8,8L]&(>&*8%*&R*8)+8<0*&/0.1%21+3*&#).($,&#)&(%:&+8*3*%&9*8,:*>&
#(2&F895&
78* & 3*9<08+:*.,*% & F.*83%899* & (%: & F%,R8<L+(%3*% & +8*2*.,*% & P:** & (%: & P%9$8.#,81% & 2-. & :8*&
Q1.+8*3*%:*&^.)*8,N&:8*&98<0&>8,&:*.&R*8)+8<0*%&/0.1%21+3*&8%&"#$#%N&8%9)*91%:*.*&#)*.&:*%&
#L,(*++*%&D.#3*%&:*.&/0.1%21+3*.*3*+(%3&(%,*.&3*%:*.,0*1.*,89<0*%&^9$*L,*%&)*9<0;2,83,5&
&D.#(*%&#(2&:*>&/0.1%&:*9&&!"##$)*
&
&&X89
& &,1.89<0*9&Z*+8L,&1:*.&H(L(%2,9$*.9$*L,8Q*_
&
&
P%&"#$#%&3#)&*9&)*.*8,9&R*8)+8<0*&X*..9<0*.8%%*%5&=8,&:*.&#L,(*++*%&T*.2#99(%3&#++*.:8%39&
9<0*8:*,&:8*9*&^+,*.%#,8Q*&3;%J+8<0&#(95&\*8&:*.&\*,.#<0,(%3&:*9&/0*>*%L1>$+*G*9&+8*3,&:*.&
D1L(9 & #(2 & :*. & D.#3*9,*++(%3N & R#.(> & 98<0 & 91R10+ & :#9 & K#89*.0#(9N & )*J8*0(%39R*89* & :#9&
K#89*.+8<0*&X12#>,N&#+9&#(<0&:8*&L1%9*.Q#,8Q*%&$1+8,89<0*%&U#3*.&#%3*98<0,9&:*.&+#%32.89,83&
6
A
]
9(*::*(,9<0*5:*`&0,,$`aaRRR59(*::*(,9<0*5:*a$#%1.#>#a6b?a]c?BBda,*G,a
7*.&H*8,(%39Q*.+#3&e1>8(.8&@08%)(%90#&V ! " #$ % W&3#)&#%+;99+8<0&:*.&.1f#+*%&[*)(.,&*8%&@1%:*.0*2,&:*.&
H*8,9<0.82,&e1>8(.8&C**L+f&V ! " & ' ( ) * ( W&>8,&:*>&/8,*+&!X89#08,1&9#>#4&V + , - . W &0*.#(9&VF.9<0*8E
%(%39:#,(>`&c56B5ABB?W5&^(2&:*%&@*8,*%&g6Eg]&R*.:*%&#(<0&:8*&#%&9$;,*.*.&@,*++*&,0*>#,898*.,*%&\*9,.*E
)(%3*%&J(.&T*.2#99(%39;%:*.(%3&08%98<0,+8<0&:*.&/0.1%21+3*&*.R;0%,5&
D-.&:8*&\*+#%3*&:*9&K#89*.0#(9*9&Q*.#%,R1.,+8<0&89,&:#9&+,#-'./$N&:#9&6bdb&*8%3*.8<0,*,*&L#89*.+8<0*&X12#>,5&
^+9 & Z*38*.(%39#>, & (%,*.9,*0, & *9 & :*> & K#)8%*,, & :*9 & I.*>8*.>8%89,*.9 & (%: & 9,*++, & 3*>;O & ^.,8L*+ & c & :*.&
'#$#%89<0*%&T*.2#99(%3&V98*0*&ZY0+&6b?]`&bdW&:8*&Q*.>8,,*+%:*&P%9,#%J&JR89<0*%&!"##$&(%:&T1+L&8>&@8%%*&:*.&
@,##,9#%3*+*3*%0*8,*%&:#.5&F9&89,&>8,&*,R#&*8%,#(9*%:&#(9&#%:*.*%&=8%89,*.8*%&,*>$1.;.&#)3*9,*++,*%&\*#>,*%&
)*9*,J,5&Vh0#.#&ABBcW
6
R10+&(%Q*.>*8:)#.*%&^(9*8%#%:*.9*,J(%3&>8,&:*.&/0.1%21+3*.*3*+(%3&:*.#.,&9<0R*.&>8,&:*.&
T1.9,*++(%3&,(%N&R8*:*.&*8%*&D.#(&#(2&:*>&/0.1%&:*9&!"##$&J(J(+#99*%5&P9,&"#$#%&3*2#%3*%&8%&
089,1.89<0*% & K1%Q*%,81%*% & (%: & /.#:8,81%*%_ &@1++N & L#%% & 1:*. & >(99 & :8* & =Y3+8<0L*8, & :*.&
R*8)+8<0*% &/0.1%21+3* & 8% & %#0*. & (%: & >8,,*+2.89,83*. & H(L(%2, & 8% & \*,.#<0, & 3*J13*% & R*.:*%_&
C*+<0*&Z1++*&9$8*+,&:8*&91J8#+*&@,*++(%3&:*.&D.#(&8%&:*.&'#$#%89<0*%&[*9<08<0,*&(%:&0*(,*_&
S%:&9<0+8*O+8<0`&R8*&L#%%&:#9&\*9,*0*%&:*9 &!"##$E@f9,*>9&V!"##$0"'W&+#%32.89,83&3*98<0*.,&
R*.:*%_&78*9*&D.#3*%&:.;%3*%&98<0&)*8&8%,*%98Q*.*.&\*9<0;2,83(%3&>8,&:*%&[.-%:*%&2-.&:8*&
JY3*.+8<0*&Z*Q8981%9$1+8,8L&#(2N&:8*&#%3*98<0,9&:*9&=#%3*+9&#%&>;%%+8<0*%&/0.1%#%R;.,*.%&
:1<0&91&%1,R*%:83&R;.*5&78*&^.3(>*%,#,81%&>8,&:*.&/#,9#<0*N&:#99&*9&8%&:*.&'#$#%89<0*%&
[*9<08<0,*&)*.*8,9&Z*3*%,8%%*%&3#)N&.*8<0,&:#)*8&122*%98<0,+8<0&)*8&R*8,*>&%8<0,&#(95&&
S%,*.9(<0,&R*.:*%&91++*%&:8*9*&D.#3*9,*++(%3*%&8%&*.9,*.&U8%8*&J(>&*8%*%&i&R8*&:*.&/8,*+&:*.&
^.)*8,&)*.*8,9&#%L-%:83,&i&#(9&3*%:*.,0*1.*,89<0*.N& #+91&:*.&3*9<0+*<0,*.R899*%9<0#2,+8<0*%&
I*.9$*L,8Q*dN & (%: & J(> & #%:*.*% & #%0#%: & *8%*9 & K1%J*$,*9N & :#9 & 9*G89,89<0E:89L.8>8%8*.*%:*N&
.*+838Y9* & (%: & 91J8#+,0*1.*,89<0* & ^9$*L,* & )*.-<L98<0,83, & (%: & 8% & :8* & 3*9<0+*<0,*.R899*%E
9<0#2,+8<0*&=#,*.8*&8%,*3.8*.,5&
7*.&X#($,,*8+&:*.&^.)*8,&89,&8%&:.*8&\+Y<L*&(%,*.3+8*:*.,5&F8%&<0.1%1+1389<0E:1L(>*%,8*.*%:*.&
^)9<0%8,, & VHR*8,*9 & K#$8,*+W & R8.: & )*R(99, & Q1.#%3*9,*++,N & (> & J(%;<09, & *8%*% & 089,1.89<0*%&
j)*.)+8<L & J( & 3*)*% & (%: & #++* & .*+*Q#%,*% & D#L,*% & (%: & F%,R8<L+(%3*% & #(2J(#.)*8,*%N & Q1%&
)890*.83*%&Z*3*%,8%%*%&8%&:*.&'#$#%89<0*%&[*9<08<0,*&-)*.&Q*.2#99(%39.*<0,+8<0*&T*.#%L*E
.(%3*%&:*.&/0.1%21+3*&)89&08%&J(.&#L,(*++*%&@8,(#,81%5&7#9&:.8,,*&K#$8,*+&38),&J(*.9,&*8%*%&
#++3*>*8%*% & j)*.)+8<L & -)*. & :8* & [*%:*. & @,(:8*9 & (%: & J*83, & 8> &^%9<0+(99 & J( & )*#<0,*%:*&
K.8,*.8*% & )*8 & :*. & \*,.#<0,(%3 & :*. & '#$#%89<0*% & /0.1%21+3* & 8> & K1%,*G, & :*. & [*9<0+*<0,*.E
R899*%9<0#2,&#(25&P>&21+3*%:*%&Q8*.,*%&K#$8,*+&R8.:&:#%%&'*R*8+9&,8*2*.&8%&:8*&,0*1.*,89<0*%&
K1>$1%*%,*%&*8%3*9,8*3*%5&=8,&X8+2*&Q1%&F.L*%%,%899*%&#(9&:*.&[*%:*.21.9<0(%3&R8.:&98<0&
:*.&/0*>#,8L&#(2&:8*9*&C*89*&3*%;0*.,5&/0*1.8*%&:*9&@*G89>(9N&Z#9989>(9&(%:&K+#9989>(9&
91R8* & .*+838Y9* & [.(%:9;,J* & :*9 & K1%2(J8#%89>(9N & \(::089>(9 & (%: & @08%,k89>(9 & (%:&
9<0+8*O+8<0&:#9&=1:*++&:*.&,1,#+*%&P%9,8,(,81%&Q1%&P.Q8%3&[122>#%&Q*.>8,,*+%&*8%*%&2(%:8*.,*%&
(%:&2#<*,,*%.*8<0*%&\+8<L&08%,*.&:8*&K(+899*%&:*.&/0*>#,8L&(%:&+*3*%&9<0+8*O+8<0&[.-%:*&(%:&
X8%,*.3.-%:*&:*.&\#..8*.*%&122*%N&:8*&:8*&R*8)+8<0*&/0.1%21+3*&8%&"#$#%&J(&-)*.R8%:*%&0#,5&
@<0+8*O+8<0&R*.:*%&8>&2-%2,*%&K#$8,*+&:8*&3*R1%%*%*%&F.L*%%,%899*&#(9&I.#G89&(%:&/0*1.8*&
J(9#>>*%3*2-0., & (%: & #(2 & 80.* &^(99#3*L.#2, & (%: & Z*+*Q#%J & 08% & #%#+f98*.,5 & 78* & '#$#%89<0*&
K(+,(. & )*.(2, & 98<0 & %;>+8<0 & 9,*,9 & #(2 & 80.* & F8%J83#.,83L*8, & (%: & /.#:8,81%N & :8* & :*.&
C8*:*.*8%2-0.(%3&:*.&R*8)+8<0*%&/0.1%21+3*&9<0*8%)#.&*%,3*3*%9,*0*%5
d
78*&3*%:*.,0*1.*,89<0*&/0*>#,8L&R8.:&#)&:*>&:.8,,*%&K#$8,*+&V@*8,*&]]W&#(92-0.+8<0&)*0#%:*+,5
A
1"+
23.4%4&4*$053'+6'(./53()%*+7'.+8'$9&$53'%+!"##$+)%7+7'.+:'.;/00)%*0.'53(<
&$53'%+=/%$;'0($'.)%*'%+7'.+>3.4%;4&*'+$%+7'.+?/@/%$053'%+A'053$53('
78*&'#$#%89<0*&[*9<08<0,*&0#,&8%93*9#>,&J*0%&R*8)+8<0*&Z*3*%,9<0#2,*%&0*.Q1.3*).#<0,N&*9&
3#)&#++*.:8%39&%(.&#<0,&R*8)+8<0*&!"##$)V%&0"')!"##$&1:*.&%&!"'W5&HR*8&Q1%&80%*%&.*38*.,*%&2-.&
JR*8&^>,9J*8,*%5&T1%&:*%&J*0%&X*..9<0#2,*%&*%,28*+*%&#<0,&#(2&*8%&H*8,2*%9,*.&Q1%&6cc&"#0.*%&
JR89<0*%&:*>&9*<09,*%&(%:&#<0,*%&"#0.0(%:*.,&Vgb]&)89&ccBW5&
M1<0&)*Q1.&8>&"#0.*&gb]&:8*&*.9,*&l.#&R*8)+8<0*. &!"##$& )*3#%%N&0#,,*&:#9&U#%:&122*%)#.&
)*.*8,9 & :.*8 & Z*3*%,8%%*% & 3*9*0*%N & (%: & JR#. & KY%838% & X8>8L1 & V3*)5 & 6m]N & 3*9,5 & AdmW & (%:&
KY%838%&Pf1g5&KY%838%&Pf1N&:*.*%&U*)*%9:#,*%&%8<0,&)*L#%%,&98%:N&R#.&>8,&X8>8L1&Q*.R#%:,&
(%: & .*38*.,* & 9$;,*.5 & 78* & X8%R*89* & #(2 & 80.* & FG89,*%J & 3*0*% & #(2 & *8% & <08%*989<0*9&
[*9<08<0,9R*.L&J(.-<LN&:#9&3*3*%&F%:*&:*9&:.8,,*%&"#0.0(%:*.,9&*%,9,#%:5?& X8>8L1&91++&8>&
"#0.&6mB&J(.&X*..9<0*.8%&)*9,8>>,&R1.:*%&9*8%5c&\*8:*N&X8>8L1&(%:&Pf1N&R#.*%&08%98<0,+8<0&
:*.&I2+*3*&:8$+1>#,89<0*.&\*J8*0(%3*%&>8,&:*>&<08%*989<0*%&@,##,&C*8&#L,8QN&R*.:*%&08*.&#(9&
=#%3*+ & #% & Q*.+;99+8<0*% & n(*++*% & (%: & #(9.*8<0*%:*% & P%21.>#,81%*% & #)*. & %8<0, & R*8,*.&
)*0#%:*+,5&H(:*>&R*.:*%&98*&R*:*.&#+9&K#89*.8%%*%&%1<0&#+9 &!"##$& )*J*8<0%*,N&91%:*.%&#+9&
KY%838%%*%m5&F8%*&:.8,,*&X*..9<0*.8%N&:8*&8%&:8*&H*8,&:*.&=f,01+138*&2;++,N&89,&"8%3o5&@8*&91++&
"#$#%&8%93*9#>,&2#9,&98*)J83&"#0.*&+#%3&.*38*.,&0#)*%N&(%:&JR#.&J(%;<09,&#+9&!"##$E[*>#0+8%N&
:#%%&#+9 &!"##$EC8,R*&V+$!-'1$W&(%:&9<0+8*O+8<0&#+9&Z*3*%,8%&V0"00/$W5b& "#$#%&R#.&J(&:8*9*.&
H*8,&%1<0&L*8%&Q*.*8%83,*9&Z*8<05&7*.&\*3.822 &!"##$ ),.8,,&*.9,&*8%83*&"#0.0(%:*.,*&9$;,*.&8%&
F.9<0*8%(%35 & F. &)*:*(,*, & !X8>>+89<0*. & X*..9<0*.4 & (%: & R8.: & 8% & *(.1$;89<0*% & (%:&
#>*.8L#%89<0*% & K(+,(.L.*89*% & 8> & ^++3*>*8%*% & >8, & !K#89*.4 & 91R10+ & -)*.E & #+9 & #(<0&
3+*8<03*9*,J,5&X8*.&>(99&'*:1<0&(%,*.9<08*:*%&R*.:*%`&K1..*L,&89,&8%&:8*9*>&H(9#>>*%0#%3&
:8* & 08>>+89<0* & K1>$1%*%,*5 & 7#9 & K#89*.0#(9 & )*.8*2 & 98<0& #(2 & 9*8%* &^)9,#>>(%3 & Q1% & :*.&
@1%%*%3Y,,8%&^>#,*.#9(&8%&:8.*L,*.&U8%8*&(%:&.*<0,2*.,83,*&:8*9&>8,&:*%&[.-%:(%39>f,0*%N&
:8*&8>&2'/&#)0/&+')&(%:&8>&3&%'+'&*.9,>#+9&%8*:*.3*9<0.8*)*%&R(.:*%6B5&^+9&X*..9<0*.&L#%%&
:*. &!"##$& '*:1<0&%8<0,&)*J*8<0%*,&R*.:*%5&F.&9,*0,&JR#.&$.1,1L1++#.89<0&#%&:*.&@$8,J*&:*9&
@,##,*9N & -), & '*:1<0 & L*8%* & $1+8,89<0* & =#<0, & #(95 & @*8%* & H(9,;%:83L*8, & )*9<0.;%L, & 98<0 & #(2&
g
?
c
m
b
6B
I#(+f&ABBc`&6B
@08++1%f&ABBg`&]g
@08++1%f&ABBg`&]g
I#(+f&ABBc`&6B
@08++1%f&ABBg`&]?
@0kR# & /*%%k & )*9,#%: & %#<0 & :*. & M8*:*.+#3* & 8> & HR*8,*% & C*+,L.8*3 & %8<0, & +;%3*. & #(2 & :8*9*. & 3Y,,+8<0*%&
^)9,#>>(%3&(%:&Q*.J8<0,*,*&21.,#%&#(2&9*8%*&31,,;0%+8<0*&@,*++(%35&
]
J*.*>1%8*++*66& (%:&.*$.;9*%,#,8Q*&\*.*8<0*56A&C*%%3+*8<0&:*. &!"##$ )8%&9*8%*.&D(%L,81%&%8<0,&
>8,&:*>&K#89*.&3+*8<0J(9*,J*%&89,6]N&91&R8.:&:1<0&8>&R*8,*.*%&T*.+#(2&:*.&^.)*8,&:*.&/*.>8%(9&
!K#89*.4 & %*)*% & :*> & /*.>8%(9 & !!"##$4 & )*8)*0#+,*%N & (> & :*> & #++3*>*8% & -)+8<0*%&
@$.#<03*).#(<0&%8<0,&*%,3*3*%J(R8.L*%5&7*.&^(9:.(<L&!!"##$4&R(.:*&-).83*%9&*.9,&6b]?&2-.&
#++3*>*8%3-+,83&*.L+;.,5
1"!
B$'+C4%%'%*D(($%+EF/('./0)+GF$H/F$+
^>#,*.#9(&h>8L#>8&89,&:8*&^0%*%3Y,,8%N&#(2&:*.&:#9&'#$#%89<0*&K#89*.,(>&2(O,5&U#(,&:*9&
$1$(+;.*% & (%:& 8% &:*. &'#$#%89<0*% & [*9<08<0,*& Q*.#%L*.,*%&M#,81%#+>f,019N &:*.&91R10+ &8>&
3&%'+'&Vc6AW&#+9&#(<0&8>&2'/&#)0/&+')VcABW&8%&(%,*.9<08*:+8<0*%&T*.981%*%6d&:1L(>*%,8*.,&89,N&
98%:&80.*&F+,*.%&:#9&[Y,,*.$##.&PJ#%#38&%1&>8L1,1&VpW&(%:&PJ#%#>8&%1&>8L1,1&VqW5&@8*&3*0*%&
%*)*% &#%:*.*%&[Y,,*.%&#(9&:*.&D1.>8*.(%3&*8%*. &(%:*28%8*.)#.*%& =#99*&#(9 &X8>>*+&(%:&
F.:*&0*.Q1.5&78*&)*8:*%&J*(3*%&:*%&'#$#%89<0*%&^.<08$*+&(%:&R*8,*.*&[Y,,*.5&\*8&*8%*.&:8*9*.&
![*)(.,*%4 & 9,8.), & PJ#%#>85 & PJ#%#389 & T*.9(<0N & 9*8%* & [#,,8% & #(9 & :*. & S%,*.R*+, & J( & .*,,*%N&
9<0*8,*.,N&R1.#(208%&*.&98<0&8%&*8%*>&D+(99&R;9<0,5&\*8&:8*9*>&^L,&:*.&Z*8%83(%3&*%,9,*0*%&
:8* & @1%%*%3Y,,8% & ^>#,*.#9( & 91R8* & 80.* & \.-:*. & @(9#%11 & %1 & >8L1,1 & V@,(.>31,,W & (%:&
/9(L8f1>8&%1&>8L1,1&V=1%:31,,W&#(9&PJ#%#389&+8%L*>&^(3*5&^>#,*.#9(&(%:&@(9#%11&91++*%&
:8* & X*..9<0#2, & -)*. & :*% & X8>>*+ & Q1% & 80.*> & T#,*. & -)*.%*0>*%5 & C#9 & :8* & S>9,;%:* & Q1%&
^>#,*.#9(9&[*)(.,&)*,.822,N&(%,*.9<0*8:*%&98<0&:8*&@<08+:*.(%3*%&:*.&)*8:*%&@<0.82,*%5&78*&
)*.*8,9&)*9<0.8*)*%*N&$1$(+;.*.*&T*.981%&*%,9,#>>,&:*>&3&%'+'56g&U#(,&:*9&2'/&#)0/&+'&R(.:*&
:8*&[*)(.,&^>#,*.#9(9&(%:&80.*&9$;,*.*&X*..9<0#2,&3*>*8%9#>&Q1%&80.*%&F+,*.%&3*$+#%,5 6?&P0.&
\.(:*.&'*:1<0&+*3,&*8%*%&.-$*+0#2,*%&r0#.#L,*.&#%&:*%&/#3&(%:&J8*0,&*9&Q1.N&9*8%*.&=(,,*.&8%&
:8* & S%,*.R*+, & J( & 21+3*%N & (> & :1., & J( & 0*..9<0*%5 & F. & 38), & Q1.N & 98<0 & Q1% & 9*8%*. & @<0R*9,*.&
Q*.#)9<08*:*%&J(&R1++*%5&@*8%&T*.0#+,*%&89,&'*:1<0&*8%&R*8,*.*9&=#+&:*.#.,&8%#LJ*$,#)*+N&:#99&
98<0&^>#,*.#9(&8%&80.*.&F.J-.%(%3&:#.-)*.&8%&*8%*&XY0+*&J(.-<LJ8*0,5&j)*.&:8*&C*+,&+*3,&98<0&
7(%L*+0*8,N & %#<0:*> & 80. & [+#%J & (%: & 80. & U8<0, & %8<0, & >*0. & *G89,8*.*%5 & M#<0:*> & '*3+8<0*.&
66
6A
6]
6d
6g
6?
F8%*&j)*.98<0,&-)*.&:8*&L#89*.+8<0*%&H*.*>1%8*%&(%:&D*9,*&8>&"#0.*9Q*.+#(2&38),&PR#8&ABB?`&6BdE6Bg
H(>&!"##$E\*3.822&Q3+5&I10+&6bbm`&?A
7*.&/8,*+&:*9&K#89*.9&)*9<0.*8),&+*:83+8<0&*8%*&-)*.%#,81%#+*&X*..9<0#2,N&R*9R*3*%&:8*&j)*.9*,J(%3&!"##$)s&
K#89*.&:(.<0#(9&J(+;9983&89,5&7*.&/8,*+ &:*9 &!"##$&0#,&#++*.:8%39&*8%*%&R*8,3*0*%:&J*.*>1%8*++*%&(%:&:(.<0&
:*% & 8%& :*. & >f,01+1389<0*% &^)9,#>>(%3& )*3.-%:*,*% & V*0*>#+83*%W &^%9$.(<0 & #(2 & [Y,,+8<0L*8, & .*+838Y9*%&
r0#.#L,*.N&R;0.*%:&:*.&:*9&K#89*.9&Q1%&=#<0,N&^(,1.8,;,&(%:&X*..9<0#2,&3*$.;3,&89,5
M#(>#%%&V6bb?`&A]Eg?W&9<08+:*.,&)*8:*&7#.9,*++(%3*%&:*9&=f,019&#(92-0.+8<05&^(<0&@08++1%f&VABBgW&R8:>*,&
:*.&U*3*%:*&>*0.*.*&@*8,*%`&A]225&
I08+8$$8&6b?m`&dc225
^9,1%&6bcA`&6&225
d
T*.9(<0N&98*&0*.#(9J(+1<L*%N&9<0*8,*.,*N&Q*.9#>>*+%&98<0&(%J;0+83*&[Y,,*.&Q1.&:*.&XY0+*5&78*&
[Y,,8% & ^>* & %1 & (>* & Q1++J8*0, & *8%*% & 1)9JY%*% & (%: & #(93*+#99*%*% & /#%JN & :*99*% & \*)*%&
^>#,*.#9(&8%&M*(38*.&Q*.9*,J,&(%:&98*&:#J(&#%8>8*.,N&R8*:*.&J(>&T1.9<0*8%&J(&L1>>*%5&^+9&
*.9,*9&2;++,&80.&\+8<L&#(2&*8%*%&)*.*8,3*9,*++,*%&@$8*3*+N&91&:#99&>8,&80.&#(<0&:8*&X*++83L*8,&
R8*:*.&J(&/#3*&,.8,,N&@(9#%11&R8.:&#)*.&*%:3-+,83&Q1>&X8>>*+&#(2&:8*&F.:*&Q*.)#%%,5&P>&
R*8,*.*%&T*.+#(2&*%,9*%:*,&98*&80.*%&F%L*+&M8%838&%1&>8L1,1&#+9&X*..9<0*.&#(2&:8*&F.:*5&7*.&
U*3*%:*&J(21+3*&89,&M8%838&:*.&[.1OQ#,*.&"8>>(&/*%%k9&(%:&91>8,&:*.&^0%*&#++*.&!"##$5&
7*>&3*%:*.,0*1.*,89<0*%&^9$*L,&:8*9*.&^.)*8,N&:*.&Q1.%*0>+8<0&8>&:.8,,*%&K#$8,*+&*%,2#+,*,&
R8.:N & 91++ & L*8%*9R*39 & *,R#9 & Q1.R*3 & 3*%1>>*% & R*.:*%5 & 7*%%1<0 & 89, & 8% & :8*9*>&
H(9#>>*%0#%3&:*.&$#.#:1G*&@#<0Q*.0#+,&#%J(9$.*<0*%N&:*.&08*.&122*%98<0,+8<0&Q1.+8*3,5&
78* & FG89,*%J & *8%*. & ^0%*%3Y,,8% & 89, & 8%912*.% & #+9 & $#.#:1G & J( & )*J*8<0%*%N & #+9 & :#99 & :#9&
D(%:#>*%,&:*.&'#$#%89<0*%&=1%#.<08*N&R*%%&#(<0&%(.&:*.&@#3*&%#<0N&#(93*.*<0%*,&#(2&*8%*>&
R*8)+8<0*%&C*9*%&.(0,5&S%:&:#9&38+,&8%&:*.&Q*.3+*8<0*%:*%&=f,0*%21.9<0(%3&#+9&^(9%#0>*5&
/#,9;<0+8<0 & 9<0*8:*% & 98<0 & :8* & [*89,*. & 8> & X8%)+8<L & #(2 & :#9 & [*9<0+*<0, & ^>#,*.#9(95 & P>&
^+,*.,(>&3*%199*%&D.#(*%&3*%*.*++&010*9&^%9*0*%N&98*&9,#%:*%&#%&:*.&@$8,J*&Q1%&r+#%9&1:*.&
)*L+*8:*,*%&:#9&^>,&:*.&@<0#>#%8%5&7#0*.&R8.:&*8%*.9*8,9&:8*&^%98<0,&Q*.,.*,*%N&:#99&:8*&
R*8)+8<0*&T*.LY.$*.(%3&*8%*9&@1%%*%E&(%:&^0%*%31,,*9&:(.<0#(9&8>&\*.*8<0&:*9&7*%L)#.*%&
+8*3,5 & X8*.2-. & 9$.8<0, & :8* & FG89,*%J & R*8)+8<0*. & [1,,0*8,*% & 8% & #%:*.*% & =f,01+138*%N & R8*&
)*89$8*+9R*89* & :*. & 3*.>#%89<0*% & V@(%%#W5 &^%:*.*.9*8,9 & )*9,*0, & :8* &T*.>(,(%3N &^>#,*.#9(&
R(.:* & J(%;<09, & >;%%+8<0 & 3*:#<0,5 & 78* & I0#9*N & 8% & :*. & :8* & [Y,,*.E & (%: & F%,9,*0(%39>f,0*%&
91R10+&8>&3&%'+'&#+9&#(<0&8>&2'/&#)0/&+'&2*9,3*0#+,*%&R(.:*%N&2;++,&8%&:8*&Z*38*.(%39J*8,&:*.&
R*8)+8<0*%&"8,k&/*%%k5&
P> & T1.2*+: & :*9 & HR*8,*% & C*+,L.8*39 & 91++ & *9 & *8%* & 789L(9981% & (> & :8* & %#<0,.;3+8<0*&
!T*.>;%%+8<0(%34 &^>#,*.#9(9 & :(.<0 & :8* & M#,81%#+89,*% & 3*3*)*% & 0#)*%5 & X#%:2*9,* & \*+*3*&
08*.2-.&+#99*%&98<0&'*:1<0&%8<0,&#(9>#<0*%5&
\*.%0#.:&@<0*8:&R*89,&#(2&9*8%*.&P%,*.%*,9*8,*&J(.&'#$#%89<0*%&Z*+8381%&#(2&:8*&FG89,*%J&*8%*9&
$#,.8#.<0#+89<0*%&Z1++*%>1:*++9&8%&:*.&=f,01+138*&(>&PJ#%#38&(%:&PJ#%#>8&08%N&:#9&>8,&:*>&
I##.&^>#,*.#9(&(%:&@(9#%11&9$8*3*+)8+:+8<0&Q*.2+1<0,*%&89,`&!P>&*.9,*%&D#++&.*$.;9*%,8*.,&:*.&
=#%%&:*%&X8>>*+N&:#9&U8<0,N&(%:&:8*&X*..9<0#2,N&R;0.*%:&:8*&D.#(&:8*&F.:*N&:8*&7(%L*+0*8,&
(%:&:*%&/1:&.*$.;9*%,8*.,t&8>&JR*8,*%&D#++&89,&:#9&[*9<0+*<0,*.Q*.0;+,%89&3*%#(&(>3*L*0.,54 6c&
T1% & R899*%9<0#2,+8<0*. & @*8,* & R8.: & Q*.>(,*,N & :#99 & *9 & 98<0 & (> & *8%* & ,f$89<0* & 9,.(L,(.*++*&
/.#%921.>#,81%&0#%:*+,N&!R8*&98*&2-.&:#9&!C8+:*&7*%L*%4&:*.&=f,0*%&3#%J&(%#)0;%383&Q1%&
3*9*++9<0#2,+8<0*%&C8.L+8<0L*8,*%&,f$89<0&89,5&F8%&#%:*.*.N&089,1.89<0EL1%L.*,*.*.&^%9#,J&R;.*N&
6c
@<0*8:&VABBgW`&78*&=f,0*%&Q1>&H*8,#+,*.&:*.&[Y,,*.`&0,,$`aaRRR5(%8Q8*5#<5#,a.*+u'#$a>f,0*%a>f,0*%50,>
g
%#<0 & (%,*.9<08*:+8<0*% & *,0%89<0EL(+,(.*++*% & /.#:8,81%*% & J( & 9(<0*%N & #(9 & :*%*% & 98<0 & :*.&
'#$#%89<0*&=f,019&8%&9*8%*.&0*(,83*%&D1.>&J(9#>>*%9*,J,546m&
1"1
#.0('+I'.$47'+8'$9&$53'.+!"##$%$F+E&('.()F
^<0,&:*.&J*0%&R*8)+8<0*%&!"##$&:*.&'#$#%89<0*%&[*9<08<0,*&.*38*.,*%&Q1>&F%:*&:*9&9*<09,*%&
)89 & 3*3*% & F%:* & :*9 & #<0,*% & "#0.0(%:*.,95 & P% & :8*9*> & K#$8,*+ & 91++ & :8* & )*,.*22*%:* & X89,1.8*&
#%0#%:&L(.J*.&@L8JJ8*.(%3*%&:*.&Z*3*%,8%%*%&8>&^+,*.,(>&:#.3*9,*++,&R*.:*%&VJ(>&T*.3+*8<0&
98*0*&#(<0&^))8+:(%3&6W5&
78*9 & 3*9<08*0, & (%,*. & )*91%:*.*. & \*.-<L98<0,83(%3 & :*. & '*R*8+83*% & /0.1%21+3*>1:#+8,;,*%N&
:*.*%&^(9$.;3(%3*%&(%:& =*<0#%89>*%&98<0&8%&)*3.*%J,*>&Z#0>*%&)*R*3*%N&#)*.&2-.&:8*&
S%,*.9(<0(%3&*8%*&R*9*%,+8<0*&Z1++*&9$8*+*%56b
F8%*&L1%L.*,*&@<0.82,N&:8*&:8*&/0.1%21+3*&.*3*+,*N&*G89,8*.,*&J(&:8*9*.&H*8,&%1<0&%8<0,N&R10+&
#)*.&R#.&*9&91R10+&(%3*9<0.8*)*%*9&[*9*,J&#+9&#(<0&S9(9N&:*%&/0.1%&8%&:*.&>;%%+8<0*%&U8%8*&
R*8,*.J(3*)*%AB5&/.1,J:*>&R#.&>#%&#(<0&:*.&R*8)+8<0*%&/0.1%21+3*&3*3*%-)*.&%8<0,&3*%*.*++&
Q*.9<0+199*%N&R8*&:8*&X89,1.8*&#)&F%:*&:*9&9*<09,*%&"#0.0(%:*.,9&J*83,5&^++*.:8%39&38),&L*8%*&
:*.&Q1.0#%:*%*%&n(*++*%&^(9L(%2,&-)*.&:8*&[.-%:*N&#(9&:*%*%&*8%*&R*8)+8<0*&/0.1%21+3*&)89&
J(&:8*9*>&H*8,$(%L,&8%&:*>&)*.*8,9&*,R#&gBB&"#0.*&*G89,8*.*%:*%&/*%%k,(>&%8<0,&Q1.L#>5
C8.: & Q1% & :*% & '#$#%89<0*% & X*..9<0*.8%%*% & 3*9$.1<0*%N & 91 & R*.:*% & 98* & 8> & ^++3*>*8%*%&
+*:83+8<0&#+9&P%,*.8>9.*3*%,8%%*%&V#-+-!0,1'W&)*9<0.8*)*%N&(%:&)*8&:8*9*.&7*28%8,81%&R8.:&*9&
%8<0,&9*+,*%&#(<0&)*+#99*%5&71<0&3#%J&91&>#<0,+19N&R8*&98*&3*>*8%08%&:#.3*9,*++,&R*.:*%N&
R#.*% & 98* & %8<0,N & R8* & :8Q*.9* & n(*++*% & )*.8<0,*%5 & P0. & =#<0,9$8*+.#(>& *%,9$.#<0 & JR#.&
122*%98<0,+8<0&%8<0,&:*%&0*(,83*%&\*:8%3(%3*%&1:*.&^%21.:*.(%3*%&*8%*9&Z*3*%,*%N&98*&-),*%&
'*:1<0&3*R899*%N&)89R*8+*%&3.1O*%&F8%2+(99&#(2&K(+,(.N&Z*+8381%&(%: &TY+L*.Q*.9,;%:83(%3&
#(95 & =#% & 9<0;,J,* & (%: & #<0,*,* & 98* & Q1. & #++*> & R*3*% & 80.*. & :8$+1>#,89<0*% & D;083L*8,*%5&
^(O*.:*>&98%:&98*&Q*.#%,R1.,+8<0&2-.&:8Q*.9*&F<L:#,*%& 8%&:*.&'#$#%89<0*%&[*9<08<0,*N&:8*&
:8*9*&)*:*(,*%:&$.;3,*%5&D-.&:8*&$1+8,89<0*%&\*+#%3*&R(.:*&#++*.:8%39&%8<0,&9*+,*%&*8%&Z*3*%,&
)*9,8>>,N&:*.&:8*&[*9<08<L*&:*9&U#%:*9&#(2&:8*9*>&[*)8*,&+*%L,*5
6m
6b
AB
@<0*8:&VABBgW`&0,,$`aaRRR5(%8Q8*5#<5#,a.*+u'#$a>f,0*%50,>
78*&@<08+:*.(%3*%&8%&:8*9*>&K#$8,*+&)*.(0*%N&91R*8,&%8<0,&#%:*.9&*.R;0%,N&#(2&:*%&n(*++*%&=#.,8%&V6bbcWN&
=*f*.&VABB]WN&I#(+f&VABBcW&(%:&/#L8%#>8&VABBdW5
^%:1&ABBc`&AmbN&K1.%8<L8&6bbb`&6]?N&=*f*.&ABB]`&AgB
?
@SPKv&/FMMh&Vggd&)89&?AmN&!"##$&Q1%&gb]&)89&?AmW
@(8L1 & /*%%k & 9,*0, & #% & ]]5 & @,*++* & :*. & '#$#%89<0*% & X*..9<0*.5 & v)R10+ & 122*%)#. & *8%* & Z*80*&
>;%%+8<0*.&/0.1%*.)*%&J(.&789$198,81%&9,#%:*%N&R(.:*&I.8%J*998%&M(L#:#E)*N&91&+#(,*,*&80.&
"(3*%:%#>*N&8>&^+,*.&Q1%&]b&"#0.*%&#+9&Z*3*%,8%&*8%3*9*,J,5&^++*.:8%39&R#.*%&>*0.2#<0*&
j)*..*:(%39Q*.9(<0* & :(.<0 & J#0+.*8<0* & \*#>,* & %1,R*%:835 & @8* & R#. & :8* & C8,R* & \8:#,9(&
/*%%k9N&:*.&Q1%&gcA&)89&gmg&.*38*.,*5&P0.&T#,*.&@13#&%1&S>#L1N&*8%2+(99.*8<09,*.&T*.,.*,*.&#>&
X12&(%:&Q*.#%,R1.,+8<0&2-.&:#9&*.21+3.*8<0*&^,,*%,#,&#%&@(8L19&T1.3;%3*.&(%:&@(90(%&/*%%kN&
Q*.0#+2&80.&gb]&#(2&:*%&!"##$E/0.1%5
78*&F%,R8<L+(%3&>(99&Q1.&:*>&X8%,*.3.(%:&:*.&$1+8,89<0*% &T*.0;+,%899*&:*. &^9(L#EH*8,A6&
3*9*0*%&R*.:*%5&7*.&@13#Er+#%&)*2#%:&98<0&(>&?BB&#(2&:*>&XY0*$(%L,&9*8%*9&F8%2+(99*9N&
8%:*>&*8%&@10%&K8>>*8&/*%%k9&>8,&*8%*.&=(,,*.&#(9&:*>&@13#Er+#%&#+9&@(90(%&/*%%k&#%&:8*&
=#<0,5&C#9&@(8L1&)*,.#2`&@8*&*.+*:83,*&:8*&$1+8,89<0*%&(%:&#++,;3+8<0*%&Z*38*.(%393*9<0;2,*&
%8<0, & 9*+)9,5 & 78*9 & -)*.%#0> & 80. & M*22*N & I.8%J & S>#f#:1 & VS>#f#:1 & %1 & >8L1,1WN & :*. & :*%&
$19,0(>*%&M#>*%&@0k,1L(&/#8908&,.;3,5&
P% & :8* & H*8, & Q1% & @(8L19 & Z*3*%,9<0#2, & 2#++*% & JR*8 & )*:*(,9#>* & F.*83%899* & :*. & '#$#%89<0*%&
[*9<08<0,*N & :8* & Q1. & #++*> & @0k,1L( & /#8908 & J( & Q*.:#%L*% & 98%:5 & P> & "#0. & ?B] & 2-0.,* & *. & :#9&
('!0,(6$E@f9,*>AA&(%:&8>&:#.#(221+3*%:*%&"#0.&:8*&6cE^.,8L*+ET*.2#99(%3&V780/'./'%$)+"#9$WA]&
*8%5&^(O*.:*>&9*,J,*&*.&98<0&2-.&:8*&T*.).*8,(%3&:*9&\(::089>(9&*8%N&:*.&9*8%*&C(.J*+%&8%&
P%:8*%&)*9#O&(%:&*.9,&L(.J*&H*8,&J(Q1.&)*31%%*%&0#,,*N&98<0&Q1%&r08%#&(%:&@-:19,#98*%&#(9&
%#<0&"#$#%&Q1.J(#.)*8,*%5
^+9 & @(8L19 & T*.:8*%9,* & 98%: & Q1. & #++*> & :8* & C8*:*.#(2%#0>* & :*. & 9*8, & 3(, & 0(%:*., & "#0.*%&
.(0*%:*%&:8$+1>#,89<0*%&\*J8*0(%3*%&J(&r08%#&(%:&:8*&I+#%(%3*%&J(>&\#(&*8%*.&X#($,9,#:,&
J(&*.R;0%*%5&7*.&Z*38*.(%3998,J&)*2#%:&98<0&:*.J*8,&8>&71.2&/1f1.#&:*9&789,.8L,*9&/#L*<08&8%&
:*. & I.1Q8%J &e#>#,1Ad5 & 7*9 & R*8,*.*% & R(.:* & R;0.*%: & 80.*. & X*..9<0#2, & *.9,>#+9N & %#<0 & :*>&
T1.)8+:&r08%#9N&:*.&\*3.822&!"##$&VRY.,+8<0&-)*.9*,J,&!X8>>+89<0*.&X*..9<0*.4W&#+9&M#>*&:*9&
Z*3*%,*% & 3*).#(<0,5 &^++*.:8%39 & 89, & %8<0, & *8%:*(,83 & 3*L+;.,N & 1) & 98* & :8*9*% & /8,*+ & 9<01% & J(&
A6
AA
A]
Ad
78*&^9(L#EH*8,&(>2#99,&:8*&"#0.*&ggAEc6B&(%:&89,&91>8,&8%&:8*&K12(%EH*8,&V]BBEc6BW&*8%3*)*,,*,5&P0.&\*38%%&>#.L8*.,&:8*&
j)*.%#0>* & :*9 & \(::089>(95 & \*%#%%, & R(.:* & 98* & %#<0 & :*. & :#>#+83*% & X#($,9,#:,N & 8% & :*. & :8* & Z*98:*%J & :*9 &!"##$)
#%3*98*:*+,&R#.N&%;>+8<0&^9(L#ELfk5&P%&:8*&H*8,&2;++,&:8*&6cE^.,8L*+ET*.2#99(%3&V?BdN&98*0*&#(<0&D(O%1,*&A]WN&:8*&/#8L#E
Z*21.>*%&V?dgWN&:(.<0&:8*&@,##,&(%:&T*.R#+,(%3&%#<0&<08%*989<0*>&T1.)8+:&9,.(L,(.8*.,&R*.:*%&91++,*%&(%:&:*.)/#80kE
K1:*G&VcB6N&98*0*&#(<0&D(O%1,*&AcW5
7#9 &('!0,(6$E@f9,*>N&:#9&*.9,*&$1+8,89<0*&(%:&Z*<0,99f9,*>&"#$#%95&F9&+*3,*&:8*&v.3#%89#,81%&:*.&T*.R#+,(%3&(%:&:*9&
@,##,*9 & 2*9, & (%: & )#98*.,* & #(2 & :*. & L1%2(J8#%89<0*% & I08+191$08*5 & K1%L.*, & )*8%0#+,*,* & *9 & Z8<0,+8%8*% & J(> & ^(2)#(&
Q*.9<08*:*%*.&=8%89,*.8*%&(%:&:*.*%&H(9,;%:83L*8,9)*.*8<0*5&&
\*8&:*.&Q1%&&@0k,1L(&/#8908&21.>(+8*.,*%&6cE^.,8L*+ET*.2#99(%3&0#%:*+,&*9&98<0&(>&:#9&*.9,*&9,##,9.*<0,+8<0*&71L(>*%,&
"#$#%95&=#%&L#%%&JR#.&%8<0,&Q1%&*8%*.&T*.2#99(%3&8>&0*(,83*%&@8%%*&9$.*<0*%N&*9&*%,0;+,&'*:1<0&3.(%:+*3*%:*&(%:&
.8<0,(%39R*89*%:* & I.8%J8$8*% & J(. & 3*.*<0,*% & X*..9<0#2,5 & 78*9* & )#98*.*% & #(2 & L1%2(J8#%89<0*% & (%: & )(::089,89<0*%&
[.(%:8:**%5&
D+1.*%J&6bB]`&A
c
U*)J*8,*%&,.(3&1:*.&1)&*.&80.&*.9,&8>&M#<008%*8%&!Q*.+8*0*%4&R(.:*5Ag& @(8L1&/*%%k&.*38*.,*&
:#9&U#%:&]g&"#0.*N&91&+#%3*&R8*&L*8%&R*8)+8<0*.&!"##$&%#<0&80.&(%:&3*%*.*++&L*8%&#%:*.*.&8%&
:*%&%;<09,*%&6ABB&"#0.*%5
Kh[evKS&/FMMh&SM7&@^P=FP&/FMMh&
Vgbd&)89&??6N&!"##$&Q1%&?dA&)89&?dg&(%:&Q1%&?gg&)89&??6W
/#L#.#&%1&08>*>8L1&.*38*.,*&JR*8>#+5&@8*&R#.&>8,&"1>*8&/*%%k&Q*.0*8.#,*,N&:*.&8>&"#0.&?d6&
9,#.)5&P>&D#++&80.*.&*.9,*%&Z*3*%,9<0#2,&L#>*%&JR*8&>;%%+8<0*&/0.1%21+3*.&8%&D.#3*N&%;>+8<0&
@0k,1L(&/#89089&@10%&I.8%J&e#>#908.1&(%:&M#L#&%1&h*N&@10%& :*9& "1>*8&/*%%k &(%:&:*.&
Kk3f1L(&/*%%k5&M#L#&%1&h*&*.9<08*%&J(&:8*9*>&H*8,$(%L,&2-.&*8%*&Z*3*%,9<0#2,&J(&'(%3N&
R1.#(208% & =*8%(%39Q*.9<08*:*%0*8,*% & JR89<0*% & X12 & (%: & @13# & J( & *8%*. & Z*3*%,9<0#2,&
Kk3f1L(9&2-0.,*%5&C;0.*%:&80.*.&Z*3*%,9<0#2,&)**%:*,*&*8%&^,,*%,#,&Q1%&M#L#&%1&h*&#%&
@13#&%1&P.(L#N&:*.&J(Q1.&:8*&M#<0L1>>*%&@0k,1L(&/#89089&0#,,*&*.>1.:*%&+#99*%N&:8*&=#<0,&
:*9&@13#Er+#%95
P0.*&%(.&:.*8&"#0.*&R;0.*%:*&*.9,*&^>,9J*8,&:8*%,*&+*:83+8<0&:*.&H*8,-)*.).-<L(%3&)89&J(.&
Z*3*%,9<0#2,92;083L*8,&M#L#&%1&h*9N&J(&:*99*%&[(%9,*%&98*&?dg&#):#%L,*5&F.&91++,*&#+9&@10%&
:*9&"1>*8&/*%%k9&:8*&>;%%+8<0*&F.)+8%8*&R*8,*.2-0.*%5&@1>8,&R#.&98*&:*.&*.9,*&X*..9<0*.&8%&
:*.&'#$#%89<0*%&[*9<08<0,*&-)*.0#($,N&:*.&:8*9*%&@<0.8,,&(%,*.%#0>5&71<0&#(<0&08*.&2-0.,*%&
S%9,8>>83L*8,*% & #> & X12 & R8*:*.(> & J( & *8%*. & K1>$.1>899+Y9(%3N & :8* & 8% & *8%*. & K.Y%(%3&
Kk,1L(&/*%%k9N&80.*9&\.(:*.9&(%:&91>8,&*8%*9&v%L*+9&M#L#&%1&h*9N&>-%:*,*5&M#L#&%1&h*&
R(.:*&+*:83+8<0 &:*.&@,#,(9&:*9&K.1%$.8%J*%&J(*.L#%%,N&1)R10+&*.&#%9,*++*&:*9&>#<0,+19*%&
!"##$&>8,&#%:*.*%&=8,9,.*8,*.%&:8*&*83*%,+8<0*&^(,1.8,;,&#>&X12&R#.5&
H*0%&"#0.*&9$;,*.&9,#.)&Kk,1L(&/*%%kN&&M#L#&%1&h*&0#,,*&#)*.&122*%)#.&L*8%&P%,*.*99*&>*0.&#%&
*8%*.&X*..9<0#2,N&91:#99&9*8%*&=(,,*.&*8%&JR*8,*9&=#+&2-.&R*8,*.*&98*)*%&"#0.*N&:8*9*9&=#+&
(%,*.&:*>&M#>*%&@#8>*8&/*%%k&.*38*.,*5&78*9&3*9<0#0&#(9&:*>9*+)*%&[.(%:N&:*.&J(&80.*.&
*.9,*% & Z*3*%,9<0#2, & 3*2-0., & 0#,,*5 & 78*& *.%9,* & U#3* & 8% & K1.*# & >#<0,* & *8%* & FG$*:8,81%&
3*>*8%9#>&>8,&:*>&K.1%$.8%J*%&*.21.:*.+8<0N&(>&)*8&:*>&^(2)#(&*8%*9&X**.*9&8%&Kfo90o&
J(3*3*%&J(&9*8%A?5&X8*.&9,#.)&98*&8>&"#0.&??6N&R1.#(208%&80.&9<0+8*O+8<0&80.&@10%&#+9&/*%'8&
/*%%k&#(2&:*%&/0.1%&21+3,*5
Ag
A?
I#(+f&ABBc`&6]
7#9&0*(,*&#+9&K1.*#&)*L#%%,*&[*)8*,&R#.&JR89<0*%&:*>&*.9,*%&(%:&:*>&98*),*%&"#0.0(%:*.,&8%&:8*&:.*8&
Z*381%*% & I#*L<0*N & @8++# & (%:& K13(.f1 & #(23*,*8+,5& I#*L<0*N & "#$#%9 &T*.)-%:*,*.N & R(.:* & 8> & "#0. & ??B & Q1%&
<08%*989<0*% & [.($$*% & (%: & :*> & L1.*#%89<0*% & KY%83.*8<0 & @8++# & #%3*3.822*%N & R1.#(208% & *9 & @#8>*8 & (>&
S%,*.9,-,J(%3&)#,5
m
"P/h&/FMMh&V?dg&)89&cBAN&!"##$&Q1%&?bB&)89&?bcW
^+9&:.8,,*&R*8)+8<0*&!"##$&3*+#%3,*&"8,k&>8,&dg&"#0.*%&#+9&P%,*.8>90*..9<0*.8%&#(2&:*%&/0.1%5&
M#<0:*>&80.&[*>#0+&/*>>(&/*%%k&?m?&Q*.9,1.)*%&R#.N&0;,,*&:*.&/0.1%&*83*%,+8<0&#%&:*%&
3*>*8%9#>*%&@10%&I.8%J&K(9#L#)*&R*8,*.3*3*)*%&R*.:*%&91++*%N&:*.&:#9&80>&J(3*:#<0,*&
^>,&#++*.:8%39&#(9&(%3*L+;.,*%&[.-%:*%&%8<0,&#%,.#,5&F.9,&#+9&#(<0&:8*9*.&?bB&9,#.)N&R(.:*&
"8,k&J(>&d65&X*..9<0*.&"#$#%9N&#+9&I+#,J0#+,*.8%&2-.&80.*%&F%L*+N&*8%*%&@10%&I.8%J&K(9#L#)*95&
78*9*.&R#.&)*8&:*99*%&/1:&*.9,&9*<09&"#0.*&#+,&(%:&91>8,&J(&'(%3&2-.&*8%*%&^>,9#%,.8,,5&&
C8*&08*.&:*(,+8<0&R8.:N&3#)&*9&8%&:*%&Q8*.&"#0.*%&JR89<0*%&)*8:*%&/1:*92;++*%&V*9&0*..9<0,*&8%&
:8*9*.&I0#9*&*8%*&/.#(*.J*8,&2-.&:*%&Q*.9,1.)*%*%&/*>>(&/*%%kW&L*8%*%&1228J8*++*%&Z*3*%,*%5&
^++*.:8%39&R8.:&Q*.>(,*,N&:#99&I.8%J&K(9#L#)*&8%&:8*9*>&H*8,.#(>&:8*&@,##,93*9<0;2,*&+*%L,*5&
H(&:*%&T*.:8*%9,*%&:*.&Z*3*%,8%&J;0+*%&:*.&\#(&:*.&*.9,*%&@,#:,&%#<0&<08%*989<0*>&T1.)8+:N&
D('8R#.#ELfkN & :8* & F.+#99(%3 & %*(*. & @L+#Q*%3*9*,J* & (%: & :8* & T*.).*8,(%3 & :*9 & \(::089>(95&
^(O*.:*> & R(.:* & (%,*. & 80.*. & Z*38*.(%3 & :*. &^9(L#EL8f1>80#.#EK1:*GN & "#$#%9 & ;+,*9,*&
@#>>+(%3&Q1%&@,.#2E&(%:&T*.R#+,(%39.*<0,N&2*.,833*9,*++,5
"8,k&,.(3&:*%&/8,*+&!!"##$4&Q*.>(,+8<0&*.9,>#+9&9<01%&J(&U*)J*8,*%5&@8*&:#%L,*&?bc&#+9&JR*8,*&
!"##$&8%&:*.&[*9<08<0,*&J(3(%9,*%&80.*9&F%L*+9&K#.(N&:*9&9$;,*.*%&=1>>(&/*%%kN&#)5&
[F==FP&/FMMh&V??6&)89&cA6N&!"##$)Q1%&cBc&)89&c6gW
[*>>*8&R#.&R8*&#(<0&"8,k&*8%*&/1<0,*.&/*%'8&/*%%k9&(%:&*0*+8<0,*&:*%&)*.*8,9&*.R;0%,*%&
I.8%J&K(9#L#)*5&78*9*.&R#.&@10%&Q1%&/*>>(&(%:&"8,k&/*%%k&(%:&3+*8<0J*8,83&91R10+&80.&
r1(98%&#+9&#(<0&80.&M*22*5&X8%98<0,+8<0&:*.&/0.1%21+3*&Q*.0;+,&*9&98<0&8%&:8*9*>&D#++&;0%+8<0&
R8*&8>&Q1.#%3*3#%3*%*%`&^+9&80.&@10% &=1>>(&/*%%k&9,#.)N&R#.&:*99*%&@10%&>8,&98*)*%&
"#0.*%&2-.&:#9&^>,&:*9&!"##$&J(&'(%3N&91:#99&9*8%*&[.1O>(,,*.&#+9&[*>>*8&/*%%k&*8%9$.#%35&
^(<0&8%&80.*&^>,9J*8,&2#++*%&)*:*(,9#>*&F.*83%899*&8%&:*.&'#$#%89<0*%&[*9<08<0,*5&H(>&*8%*%&
89,&08*.&:8*&F..8<0,(%3&:*.&*.9,*%&$*.>#%*%,*%&X#($,9,#:,&X*8'kELf1&J(&%*%%*%N&:8*&c6B&80.*&
D(%L,81%&#(2%#0>N&J(>&#%:*.*%&:8*&T*.Y22*%,+8<0(%3&:*9&Q1%&[*>>*8&8%&^(2,.#3&3*3*)*%*%&
3&%'+'0N&:*9&;+,*9,*%&)*L#%%,*%&'#$#%89<0*%&[*9<08<0,9R*.L95&
P0.& M#<021+3*. &R(.:*&J(%;<09,&%8<0,N&R8*&*83*%,+8<0&3*$+#%,N &I.8%J&v)8,1N&:*. &@10% &*8%*.&
D('8R#.#E=(,,*.N&91%:*.%&80.*.&F%,9<0*8:(%3&J(21+3*&80.*&*83*%*&/1<0,*.5&
[FM@Xh&/FMMh&V?mB&)89&cdmN&!"##$)Q1%&c6g&)89&cAdW
[*%90k & /*%%k & R8.: & Q1. & #++*> & 8> & H(9#>>*%0#%3 & >8, & :*% & F..(%3*%9<0#2,*% & 80.*. & H*8,&
*.R;0%,5&S%,*.&80.*.&Z*3*%,9<0#2,&R(.:*&8>&"#0.&c6m&*8%*&-)*.#.)*8,*,*&T*.981%&:*9&/#80kE
b
K1:*G*9Ac& Q1%&c6B&2*.,833*9,*++,5&HR*8&"#0.*&9$;,*.N&cABN&*.9<0*8%,&:#9 &2'/&#)0/&+'N&%*)*%&
:*>&3&%'+'&*8%&R*8,*.*9N&*+*>*%,#.*9&[*9<08<0,9R*.L5&
cAd&:#%L,*&98*&J(3(%9,*%&80.*9&M*22*%&v)8,1&#)N&:*.&2-.&:8*&%;<09,*%&Ag&"#0.*&#+9&@0k>(&
/*%%k&.*38*.,*5
KhKFM&/FMMh&SM7&@Xh/vKS&/FMMh
Vc6m&)89&ccBN&!"##$&Q1%&cdb&)89&cgm&(%:&Q1%&c?d&)89&ccBW
KkL*%&/*%%k&R#.&:8*&/1<0,*.&@0k>(&/*%%k95&@8*&9,*++,&8%912*.%&*8%*%&^(9%#0>*2#++&:#.N&#+9&
98*&:8*&*8%J83*&.*38*.*%:*&K#89*.8%&R#.N&:8*&)*.*8,9&8>&T1.2*+:&:*.&Z*3*%,9<0#2,&1228J8*++&J(.&
/0.1%21+3*.8%&)*9,8>>,&R(.:*5&^+9&[.(%:&08*.2-.&L#%%&@0k>(9&P%,*%,81%&3*9*0*%&R*.:*%N&
:8*& *83*%*& U8%8* &:*.&D('8R#.# & 21.,J(2-0.*%5& KkL*%&/*%%k&0*), & 98<0 &:(.<0 &*8%*%&R*8,*.*%&
I(%L,&Q1%&80.*%&T1.3;%3*.8%%*%&#)5&@8*&R#.&8%&$1+8,89<0*.&X8%98<0,&:8*&>8,&^)9,#%:&#L,8Q9,*&
R*8)+8<0* &!"##$5 & M*)*% & .8,(*++*% & (%: & J*.*>1%8*++*% & ^(23#)*%N & :8* & #(<0 & 98* & -)*.%#0>N&
Q*.21+3,* &98*& :8* &\*2.8*:(%3 & :*9 & @,##,*9 & (%:&:8* & R*8,*.*&T*.).*8,(%3& :*9 &\(::089>(95 & P%&
:8*9*.&I0#9*&0*..9<0,*&#>&X12&S%*8%83L*8,&08%98<0,+8<0&:*9&^(23#)*%2*+:*9&*8%*9&!"##$5&F8%*&
I#.,*8 & 9$.#<0 & 98<0 & 2-. & *8%* & :8.*L,* & Z*38*.(%39L1%,.1++* & #(9N & :8* & #%:*.* & )*2-.R1.,*,* & :8*&
\*9<0.;%L(%3&#(2&J*.*>1%8*++*&(%:&.8,(*++*&/;,83L*8,*%5&KkL*%&:#%L,*&cgm&J(3(%9,*%&I.8%J&
h89&V*8%&F%L*+&/*>>(&/*%%k9W&#)N&:*.&#+9&"(%%8%&/*%%k&.*38*.,*N&(%:&38%3&#+9&)(::089,89<0*&
M1%%*&8%9&K+19,*.5&^++*.:8%39&)*08*+,*%&98*&(%:&80.&\*.#,*.N&:*.&)(::089,89<0*&I.8*9,*.&7kLfk&
V)*8:*%&R(.:*&*8%&T*.0;+,%89&%#<03*9#3,WN&#(<0&8%&:*.&D1+3*J*8,&:8*&D;:*%&8%&:*.&X#%:5&@*+)9,&
*8%*%&I(,9<0Q*.9(<0&:(.<0&"(%%8%9&T*.)-%:*,*%&D('8R#.#&%1&M#L#>#.1&L1%%,*&80%&%8<0,&Q1%&
9*8%*>&T1.0#)*%&#)).8%3*%5&"(%%8%&R(.:*&8%9&FG8+&3*9<08<L,&(%:&KkL*%&)*9,8*3&c?dN&'*,J,&#+9&
@0k,1L(&/*%%kN&*8%&JR*8,*9&=#+&:*%&/0.1%5&P>&R*8,*.*%&T*.+#(2&91++,*&:*.&)*.*8,9&*.R;0%,*&
I.8*9,*.&7kLfk&%1<0&*8%*&R*9*%,+8<0*&Z1++*&9$8*+*%5
D-.&:8*&2#9,&*8%,#(9*%:';0.83*&I#(9*N&:8*&#(2&:8*&+*,J,*&Z*3*%,9<0#2,&*8%*.&D.#(&21+3,*N&R8.:&
%;>+8<0&J(>&/*8+&:*.&%#<0&80>&)*%#%%,*&7kLfkEHR89<0*%2#++&Q*.#%,R1.,+8<0&3*>#<0,5&P%&:*%&
D1+3*'#0.*%&%#0>&9*8%&F8%2+(99&#>&X12&*%1.>&J(5&78*&F%,R8<L+(%3&L(+>8%8*.,*N&#+9&@0k,1L(&
80>&010*&l>,*.&#>&X12&Q*.+8*0N&R1>8,&98*&#(2&*.0*)+8<0*%&C8:*.9,#%:&9,8*ON&(%:&*.&98<0&
913#. & X122%(%3 & #(2 & :*% & /0.1% & >#<0*% & L1%%,*5 & 71<0 & :*. & /1: & @0k,1L( &/#89089 & L#> & :*.&
Z*#+898*.(%3 & 9*8%*9 & I+#%9 & J(Q1. & (%: & )**%:*,* & :8*9*%5Am& 7#9 & T*.,.#(*% & 8% & *8%* & R*8)+8<0*&
Ac
Am
7*.&/#80kEK1:*G&R#.&*8%&[*9*,J*9R*.L&8>&Z#0>*%&:*9&('!0,(6$E@f9,*>9&V98*0*&#(<0&D(O%1,*&AAWN&:#9&#+9&
L1%,8%(8*.+8<0* & \#989 & 2-. & :8* &T*.R#+,(%39$.#G89 & R;0.*%: & :*. & 2*(:#+89,89<0*% & F$1<0* & :8*%,*5 &^+9 & M1Q(>&
*,#)+8*.,*&*.&Z8<0,+8%8*%&)*J-3+8<0&:*.&I.8*9,*.R*80*%5
@8*0*&08*.J(&#(<0&:*%&^.,8L*+&Q1%&Z199&\*%:*.&V6bcbW`&!/0*&X#<08>#%&r(+,&#%:&,0*&7kLfk&P%<8:*%,45&P%`&
:&#,;"#!-)2'99&#'.-N&]dVAW5&@5&6AgE6g]
6B
X*..9<0*.8%&(%:&Q1.&#++*>&8%&80.*&>1.#+89<0*%&D;083L*8,*%&R#.&3*).1<0*%5Ab&7*9&C*8,*.*%&38+,&
:8*9*9 & T1.L1>>%89 & #+9 & *8% & [.(%: & 2-. & :8* & T*.+*3(%3 & :*. & '#$#%89<0*% & X#($,9,#:, & 8% & :*%&
L1>>*%:*%&JR*8&"#0.J*0%,*%&%#<0&X*8#%ELfk5&=#%&R1++,*&98<0&*8%*>&-)*.>;O83*%&F8%2+(99&
:*9&\(::089>(9&*%,J8*0*%5&@1&+8*3*%&:8*&S.9#<0*%&91R10+&J(>&*8%*%&8%&:*>&HR*82*+&#%&80.*.&
98,,+8<0*%&@,#%:0#2,83L*8,N&J(>&#%:*.*%&8%&)(::089,89<0*%&[.(%:8:**%5&[.-%:*N&:8*&98<0&8%&:*.&
D1+3*J*8, & 122*%98<0,+8<0 & :*.#., & 8% & :*.& F8%9,*++(%3 & 3*3*%-)*. & :*. & R*8)+8<0*% & /0.1%21+3*&
>#%82*9,8*.*% & L1%%,*%N & :#99 & 98* & #+9 & Q*.#%,R1.,+8<0 & 2-. & *8%* & Q1.*.9, & #)+*0%*%:* & X#+,(%3&
3*3*%-)*. & *8%*. & *.%*(,*% & /0.1%21+3* & 3*+,*% & LY%%*%5 & /#,9#<0* & 89,N & :#99 & 8% & :*% & 21+3*%:*%&
*8%,#(9*%:&"#0.*%&L*8%*&D.#(&>*0.&:*% &!"##$E/0.1%&)*9,8*3N&#(<0&R*%%&:8*&S.9#<0*%&#+9&
%8<0,&*8%:*(,83&3*L+;.,&3*+,*%5&
C8*&8%&:8*9*>&^)9<0%8,,&:*(,+8<0&R(.:*N&R(.:*%&R*8)+8<0*&!"##$&8%&:*%&>*89,*%&D;++*%&*8%J83&
(%: & #++*8% & *8%3*9*,J,N & (> & :8* & I#,.8+8%*#.8,;, & J( & R#0.*%5 & F9 & *G89,8*.,* & L*8%* & L+#. & 3*.*3*+,*&
/0.1%21+3*]BN&Q#3*&l(O*.(%3*%&08%98<0,+8<0&*8%*.&\*Q1.J(3(%3&>;%%+8<0*.&/0.1%21+3*.&0#,&
*9 & #)*. & 91R10+ & 8> &3&%'+' )#+9 & #(<0 & 8>& 2'/&# ) 0/&+'& 3*3*)*%]65 &78*9 & J*83*% & #(<0 & :8*&
(%,*.9<08*:+8<0*% & K1%9,*++#,81%*% & :*. & /0.1%21+3*5 & @8* & )*.(0,* & %8<0, & 9*+,*% & #(2&
T*.0#%:+(%39)#989 & 2-. & :*% & D#++N & :#99 & #> & X12 & S%9,8>>83L*8,*% & #(2,.#,*%N & 91:#99 & *8%&
/0.1%21+3*.&3*R;0+,&R(.:*N&:*.&:*%&8%Q1+Q8*.,*%&I#.,*8*%&V*8%2+(99.*8<0*&D#>8+8*%N &I#.,*8*%&
(%,*.9<08*:+8<0*.&^(22#99(%3*%&#>&X12W&3*.*<0,&R(.:*5
78*&21+3*%:* &^))8+:(%3 &J*83, & :*% &@,#>>)#(>&:*. &!"##$& ]6&)89 & dmN &#++*.:8%39 &i &(>&:8*&
j)*.98<0,+8<0L*8, & J( & R#0.*% & i & )*9<0.;%L, & #(2 & :8* & 2-. & :*% & =*<0#%89>(9 & :*. & /0.1%21+3*&
.*+*Q#%,*%&I*.91%*%5&@8*&91++&8%&*.9,*.&U8%8*&:8*&D#>8+8*%Q*.0;+,%899*&Q*.:*(,+8<0*%5&X8*.)*8&
98%:&:8*&D*+:*.N&:8*&:8*&R*8)+8<0*%&!"##$&9f>)1+898*.*%N&3.#(&(%,*.+*3,5
Ab
]B
]6
/1%1>(.#&ABBg`&AA
=*f*.&ABB]`&AgBN&^%:1&6bbc`&A]
^%:1&6bbc`&A]N&]B
66
&&&&&&&&&&^))8+:(%3&6`&@,#>>)#(>&:*.&!"##$&]6&)89&dm&8%&:*.&.*+*Q#%,*%&H*8,9$#%%*&8>&^+,*.,(>]A&
6A
1"J
K8'$('+I'.$47'+8'$9&$53'.+!"##$%$%+7'.+#74<K'$(
=FP@Xh&/FMMh&V6?A]&)89&6?b?N&!"##$&Q1%&6?Ab&)89&6?d]W&
78*& %;<09,*&R*8)+8<0* &!"##$& L#>&*.9,& 2#9,&6BBB&"#0.*& 9$;,*.& #(2&:*%&/0.1%5&=8,,+*.R*8+*&
0#,,*%&98<0&:8*&$1+8,89<0*%&T*.0;+,%899*&8>&U#%:&9,#)8+898*.,&(%:&:#08%3*0*%:&3*;%:*.,N&:#99&
:8* & =#<0, & 8>& @,##, &)*8 &:*% &.*38*.*%:*% &0/$1,#"#& :*9 &/1L(3#R#Er+#%9 & +#35 &78* &0/$1,#E
7f%#9,8* & 3.-%:*,* & 6?B] & :#9 &<-+,=,N &/1L(3#R# & P*f#9( & R#. & >8, & 9*8%*> &T*.)-%:*,*% & v:#&
M1)(%#3#&%#<0&+#%:*9R*8,*%&D*+:J-3*%&#+9&@8*3*.&0*.Q1.3*3#%3*%5&M#<0&v:#&M1)(%#3#9&
/1:&,#,&*.&98<0&>8,&/1f1,1>8&X8:*f1908&J(9#>>*%&(%:&#+9&#(<0&:8*9*.&9,#.)N&2-++,*&/1L(3#R#&
P*f#9(&:#9&*%,9,#%:*%*&=#<0,Q#L((>&VX8:*f1908&0#,,*&+*:83+8<0&*8%*%&>8%:*.';0.83*%&@10%&
08%,*.+#99*%W &(%: & R(.:* & %#<0 & :*. & @<0+#<0, & Q1% & @*L83#0#.# & V6?BBW & 8> & "#0. & 6?B] &0/$1,#5&
H(9#>>*%&3*+,*%&:8*&:.*8&D*+:0*..*%&#+9&:#9&/.81N&:#9&"#$#%&*.9,>#+9&%#<00#+,83&*8%,*&(%:&
)*2.8*:*,*5&78*&/1L(3#R#&9,#%:*%&)89&J(.&=*8'8EZ*9,#(.#,81%&6m?m&#%&:*.&@$8,J*&:*9&@,##,*95&
7*> &!"##$& R(.:* & *8%* & +*:83+8<0 & J*.*>1%8*++* & (%: & .8,(*++* & D(%L,81% & J(3*9,#%:*%5 & =*890k&
R(.:* &8>&^+,*. & Q1% &%(.& 9*<09 &"#0.*% &!"##$N& %#<0:*>&80. &T#,*.N & [1E=8J(%11&/*%%kN & #(9&
[.-%:*% & 9<0R*.*. & S%9,8>>83L*8,*% & JR89<0*% & X12 & (%: & @0k3(%#, & #)3*:#%L, & 0#,,*5 & \*8:*&
@Y0%* & 9*8%*. & D.#( & /1L(3#R# & K#J(L1 & R#.*% & 8> & K8%:*9#+,*. & 3*9,1.)*%N & 91:#99 & %(. & 9*8%*&
/1<0,*.&vL8L1&8%&D.#3*&L#>5&P%&:*.&F:1EH*8,&R#.&*9&[#%3&(%:&[;)*N&:#99&:8*&!"##$&8%&9*0.&
'(%3*%&"#0.*%&:*%&/0.1%&)*9,8*3*%&(%:&:#9&^>,&8>&'(%3*%&F.R#<09*%*%#+,*.&R8*:*.&#)3#)*%5&
78* & D.#3* & :*. & =#<0,#(9-)(%3 &=*890k9 &*.L+;., & 98<0 & #(23.(%: & :*. & Q1.0*..9<0*%:*%&
T*.0;+,%899*&R10+&Q1%&9*+)9,5
&
[vE@^KSZ^=^rXP&/FMMh&V6cdB&)89&6m6]N&!"##$&Q1%&6c?A&)89&6ccBW
[1E@#L(.#>#<08&R(.:*&#(2&:*%&/0.1%&3*01)*%N&(>&:8*&H*8,&)89&J(.&Z*38*.(%392;083L*8,&:*9&
*.9, & Q8*.';0.83*% & *83*%,+8<0*% & /0.1%21+3*.9 & X8:*08,1N & @10% & =1>1J1%1 & /*%%k9N & J(&
-)*.).-<L*%5 & @8* & R#. & :8* & ;+,*.* & @<0R*9,*. & :*9 &!"##$& (%: & :8* & )89 & 0*(,* & +*,J,* & R*8)+8<0*&
Z*3*%,8% & 8% &:*. &'#$#%89<0*% & [*9<08<0,*5 &@8* & 0#,,*& *)*%91& R*%83 &=#<0, &#>& X12& R8*& 80.*&
T1.3;%3*.8%&(%:&)*,;,83,*&98<0&Q1.%*0>+8<0&#(2&:*>&[*)8*,&:*.&U8,*.#,(.5&6ccB&:#%L,*& 98*&
%#<0&#<0,';0.83*.&^>,9J*8,&>8,&]B&"#0.*%&J(3(%9,*%&80.*9&M*22*%&#)5&
^(<0&8>&D#++&:*.&^>,9J*8,*%&8>&6c5&(%:&6m5&"#0.0(%:*.,&89,&%8<0,&L+#.N&R#.(>&*9&:8*9*&)*8:*%&
M#<0J-3+*.8%%*%&#(2&:*>&!"##$E/0.1%&3*3*)*%&0#,N&:-.2,*%&:1<0&;0%+8<0*&F%3$;99*&#(<0&8%&
:*%&Q1.#%3*3#%3*%*%&L%#$$&bBB&"#0.*%&08%&(%:&R8*:*.&:*.&D#++&3*R*9*%&9*8%5
]A
F83*%*&7#.9,*++(%3
6]
1"L
M'.;/00)%*0.'53(&$53'+=/%$;'0($'.)%*'%+7'.+8'$9&$53'%+>3.4%;4&*'
P% & :8*9*> & K#$8,*+ & R*.:*% & :8* & J*%,.#+*% & I(%L,* & 8% & "#$#%9 & T*.2#99(%3*% & 08%98<0,+8<0 & :*.&
Z*3*+(%3*%&:*.&/0.1%21+3*&9L8JJ8*.,5
T1.&:*>&"#0.&6mmb&(%:&:*.&=*8'8ET*.2#99(%3&3#)&*9&L*8%*&Q*.)8%:+8<0*%&Z8<0,+8%8*%5&7*%%1<0&
R(.:*%&8>&^++3*>*8%*%&>;%%+8<0*&/0.1%#%R;.,*.&:*%&R*8)+8<0*%&Q1.3*J13*%N&R#9&'*:1<0&
%8<0,&0*8O,N&:#99&:8*9*&Q1%&:*.&/0.1%21+3*&#(93*9<0+199*%&R#.*%5&
1"L"! ='$?$<M'.;/00)%*+:4%+!NNO+)%7+7/0+&$'()!'*%!"#+,#
\*8&:*.&^(9#.)*8,(%3&*8%*9&@,##,99f9,*>9&%#<0&:*.&=*8'8EZ*9,#(.#,81%&+8*O&98<0&"#$#%&Q1>&
C*9,*%&8%9$8.8*.*%N&8%9)*91%:*.*&:#9&\8+:(%399f9,*>N&:#9&Z*<0,9R*9*%&(%:&:8*&,*<0%89<0*&
F%,R8<L+(%3 & R#.*% & R*9,+8<0 & 3*$.;3, & R#.*% & #% & :#9 & $.*(O89<0* & T1.)8+: & #%3*+*0%,5]]& "#$#%&
R(.:*&L1%9,8,(,81%*++*&=1%#.<08*N&1.8*%,8*.,*&98<0&08%98<0,+8<0&:*9&K#89*.0#(9*9&#>&:*(,9<0*%&
K#89*.,(> & (%: & -)*.%#0> & :#9 & :*(,9<0* & \-.3*.+8<0* & [*9*,J)(<0 & 8% & %#0*J( & (%Q*.;%:*.,*.&
D1.>5&78*&91&#(<0&#%&:8*&T*.2#99(%3&:*9&KY%83.*8<0*9&Q1%&I.*(O*%&#%3*+*0%,*&T*.2#99(%3&
:*9&K#89*..*8<09&[.1O'#$#%&V>-'#'99&#)!"'+&+,)+"#9$WN&1:*.&#(<0&=*8'8ET*.2#99(%3N&Q*.R*89,&
)*.*8,9&(%,*.&:*>&JR*8,*%&^.,8L*+&:*9&*.9,*%&^)9<0%8,,9&#(2&:#9&*83*%9&2-.&:#9&K#89*.0#(9&
*%,R8<L*+,*&3$0/'!0,)!"#9-#N&:#9&K#89*.+8<0*&X#(93*9*,J5&F9&.*3*+,&#(99<0+8*O+8<0&:8*&\*+#%3*&
:*9&!"##$&R8*&@,#,(9N&/0.1%21+3*>1:#+8,;,*%&91R8*&9*8%*&Z*<0,*&(%:&I2+8<0,*%5
"(%L1 & ^%:1]d(%: & I*,*. & K1.%8<L8]g& 9L8JJ8*.*% & 8% & 80.*% & ^(29;,J*% & J(> & ^(99<0+(99 & :*.&
R*8)+8<0*%&/0.1%21+3*&:8*&F%,9,*0(%3&:*.&=*8'8Q*.2#99(%3&(%:&80.*&@,#:8*%N&Q1.&#++*>&8>&
X8%)+8<L & #(2 & :8* & 9<0.8,,R*89*% & Z*9,.8L,81%*% & #(2 & *8%* & >;%%+8<0* & /0.1%21+3* & >8, & :*.&
R#<09*%:*%&H#0+&:*.&T*.2#99(%39Q1.+#3*%5&7*>%#<0&89,&8>&*.9,*%&F%,R(.2&:*9&1"#($'#?@&Q1%&
6mc?&%1<0&L*8%*&Z*:*&Q1%&:*.&\*9<0.;%L(%3&#(2&>;%%+8<0*&M#<02#0.*%&#(9&:*>&K.*89&:*.&
L#89*.+8<0*%&D#>8+8*5&F9&R8.:&+*:83+8<0&3*9#3,N&:#99&!V555W&98<0&:*.&/0.1%&#(2&:8*&K8%:*.&(%:&
F%L*+ & V0/'0&#t & / 0 W & :*9 & J(. & H*8, & #>,8*.*%:*% &!"##$ )#+9 & :*99*% & +*38,8>* & M#<0L1>>*%&
Q*.*.),54]c&
]]
]d
]g
]?
]c
^%:1&ABBB`&gd25
^%:1&6bbc
K1.%8<L8&6bbb
7*.&1"#($'#&R#.&*8%&6mcg&Q1>&!"##$&8%9&U*)*%&3*.(2*%*9&\*.#,*.3.*>8(>N&:*99*%&=8,3+8*:*.&#(9&^:*+&(%:&
\*#>,*%9<0#2,&9,#>>,*%5&F9&0#,,*&:8*&789L(9981%&Q1%&D.#3*%&:*.&T*.2#99(%393*)(%3&J(.&^(23#)*5&V=*f*.&
ABB]`&AgdW
^%:1&6bbc`&Ad
6d
F.9, & #) & 6mcm & 0#+,*% & F8%9<0.;%L(%3*% & :8*9)*J-3+8<0 & F8%J(3 & 8% & :*% & JR*8,*% & T*.2#99(%39E
*%,R(.25&78*&/0.1%21+3*&R8.:&#(2&=;%%*.&)*9<0.;%L,5&7#.-)*.&08%#(9&R8.:&:8*&#(2&8>>*.&
(%(%,*.).1<0*%*&U8%8*&V<-#0"')'++"'W&)*,1%,N&:8*&:8*&/0.1%21+3*&)*9,8>>*%&91++5]m& P>&:#.#(2&
21+3*%:*%&T*.2#99(%39*%,R(.2N&:*.&6mmB&*%,9,#%:N&R8.:&>8,&:*>&:.8,,*%&^.,8L*+&*8%*&R*8)+8<0*&
/0.1%21+3*&2-.&:*%&D#++&*.>Y3+8<0,N&:#99&!V555W&:*.&!"##$&R*:*.&>8,&:*.&+$1$?A) %1<0&>8,&*8%*.&
9*8%*.&M*)*%2.#(*%&*8%*%&>;%%+8<0*%&M#<0L1>>*%&0#)*%&91++,*54dB&78*9*.&^)9<0%8,,&R(.:*&
'*:1<0&%8<0,&8%&:8*&*%:3-+,83*&T*.981%&:*.&T*.2#99(%3&-)*.%1>>*%5&[.(%:&2-.&:8*&F.R;3(%3&
:8*9*.&=Y3+8<0L*8,&R#.&122*%98<0,+8<0&:#9&M8<0,Q1.0#%:*%9*8%&*8%*9&@10%*9&=*8'8&/*%%k9&J(&
:8*9*> & H*8,$(%L,N & 91:#99 & >#% & 98<0 & Q*.#%+#99, & 9#0N & 8> & D#++* & *8%*9 & D1.,:#(*.%9 & :8*9*9&
H(9,#%:*9&*8%*&!M1,+Y9(%34&J(&9<0#22*%5&P%,*.*99#%,*.R*89*&89,&:8*9*&@8,(#,81%&:*.'*%83*%N&:8*&
3*3*%R;.,83&R8*:*.&#L,(*++&(%:&/0*>#&:8*9*.&^.)*8,&89,N&%8<0,&(%;0%+8<05
P>&Q8*.,*%&(%:&+*,J,*%&T*.2#99(%39*%,R(.2&Q1%&6mm?&28%:*%& %8<0,&%(.&>Y3+8<0*&R*8)+8<0*&
!"##$N & 91%:*.% & D.#(*% & 8> & H(9#>>*%0#%3 & >8, & :*. &/0.1%21+3* & 3*%*.*++) L*8%* & F.R;0%(%3&
>*0.5&^+9&[.-%:*N&:8*&9<0+8*O+8<0&J(>&*%:3-+,83*%&^(99<0+(99&Q1%&:*.&/0.1%21+3*&2-0.,*%N&
R(.:*% &91R10+&:8* &>(,>#O+8<0*&S%2;083L*8, &*8%*. &D.#(N& :*% &>8+8,;.89<0*%&v)*.)*2*0+ &J(&
2-0.*% & V8% & j)*.*8%9,8>>(%3 & >8, & :*. & S%Q*.*8%)#.L*8, & >8, & :*> & L1%2(J8#%89<0 & 3*$.;3,*%&
H*8,3*89,WN&#+9&#(<0&:*.&\.(<0&>8,&:*.&/.#:8,81%&V:#9&F%:*&:*.&L#89*.+8<0*%&U8%8*W&#%3*2-0.,5d6
M*)*% & :8*9*. & /*%:*%JN & :8* & 98<0 & 9<0+8*O+8<0 & :(.<03*9*,J, & 0#,N & *G89,8*.,*% & :(.<0#(9 & #(<0&
F%,R-.2*&8%&*8%*&Z8<0,(%3N&:8*&:*.&R*8)+8<0*%&/0.1%21+3*&3*3*%-)*.&$198,8Q&*8%3*9,*++,&R#.&
(%:&:8*9*&913#.&21.<8*.,&0#,5&F%,R-.2*&L#>*%&91&#(<0&Q1%&:*.&\-.3*..*<0,9)*R*3(%3 &7'68)
;'#+"#),#B$CD&(%:&:*.&E;"'0/-d]N&:8*&98<0&+8)*.#+*.&J*83,*%5&78*&E;"'0/-&$.;9*%,8*.,*&8>&"#0.&
6mmB & *8%*% & F%,R(.2N & :*. & 8% &^.,8L*+ & 6 & Q1.9<0+;3,N & :#99 & :*. & L#89*.+8<0* & /0.1% & "#$#%9 & #%&
M#<0L1>>*%&9*8%*.&=#'*9,;,N&:*%&>1>*%,#%*%&K#89*.N&:*.&:*.&:8.*L,*&M#<02#0.*&Q1%&"8>>(&
/*%%k & 89,N & R*8,*.3*3*)*% & R8.:N & R1)*8 & :8* & I.8%J8$8*% & :*. & Z#%321+3* & 8> & 7*,#8+ & )*9,8>>,&
R*.:*%5dd&&T*.2#99(%39*%,R-.2*&:*.&7'68);'#+"#),#B$&9#0*%&;0%+8<0&#(95&@8*&)*J13*%&@,*++(%3&
2-.&:8*&R*8)+8<0*&/0.1%21+3*N&8%:*>&98*&*8%*&R*8)+8<0*&!"##$&2-.&:*%&D#++&Q1.9#0*%N&:#99&*9&
L*8%*%&>;%%+8<0*%&/0.1%#%R;.,*.&3#)5
78*&=*8'8ET*.2#99(%3&Y22%*,&9<0+8*O+8<0&>8,&21+3*%:*%&@;,J*%`&
]m
]b
dB
d6
dA
d]
dd
^%:1&6bbc`&Ad
+$1$))*:*(,*,&-)*.9*,J,&F0*2.#(&:*9&!"##$N&)*J8*0(%39R*89*&K#89*.8%5
^%:1&6bbc`&AgN&K1.%8<L8&6bbb`&6]?
^%:1&6bbc`&AmEAbN&K1.%8<L8&6bbb`&6]c
F8%*&\*R*3(%3&2-.&D.*80*8,&(%:&=*%9<0*%.*<0,*N&:8*&8%&:*%&9$;,*%&6mcB*.&(%:&2.-0*%&6mB*.&"#0.*%&#L,8Q&
R#.&(%:&*8%*&v$$198,81%&J(>&^)91+(,89>(9&:*.&=*8'8EZ*38*.(%3&:#.9,*++,*5&
78* &E;"'0/-& R#. & *8%* & 8> & "#0. & 6mc] & Q1% & M(>#># & =1.8L#J( & 3*3.-%:*,* & [.($$* & J(. & 789L(9981% & Q1%&
Z*<0,92.#3*%N&:8*&)89&6mmB&>*0.&#+9&*8%,#(9*%:&=8,3+8*:*.&(%:&>*0.*.*&HR*839,*++*%&8%&M1.:'#$#%&0#,,*5&
VK1.%8<L8&6bbb`&6]mW
K1.%8<L8&6bbb`&6]b
6g
65&^\@rXMP//`&7FZ&K^P@FZ
^.,8L*+ & 6` & 7#9 & 3.1O'#$#%89<0* & K#89*..*8<0 & R8.: & )*0*..9<0, & (%: & .*38*., & Q1>&
K#89*.&#(9&:*.&2-.&8>>*.&(%(%,*.).1<0*%*%&7f%#9,8*5
^.,8L*+ & A` & 78* &/0.1%21+3* & ,.*,*% & :8* & >;%%+8<0*% &^)LY>>+8%3* & :*9 & K#98*.9&
%#<0&=#O3#)*&:*9&[*9*,J*9&-)*.&:#9&K#89*.0#(9&#%5dg
P%93*9#>, & ?A &^.,8L*+ & .*3*+% & :8* &^%3*+*3*%0*8,*% & :*9 & K#89*.0#(9*9 & -)*. & :8* & /0.1%21+3*&
08%#(9N&R8*&/0.1%)*9,*83(%3&(%:&K.Y%(%3N&T1++';0.83L*8,N&F.%*%%(%3&*8%*.&K#89*.8%d?& (%:&
*8%*9&K.1%$.8%J*%&91R8*&^%.*:*21.>*%N&Z*3*%,9<0#2,&(%:&;0%+8<0*95&P>&"#0.&6mm?&R(.:*&
*.9,>#+9 & *8%* & T*.2#99(%3 & Q1.3*9<0+#3*%N & :8* & 98<0 & #(99<0+8*O+8<0 & :*% & \*+#%3*% & :*9&
K#89*.0#(9*9 & R8:>*,*N & :#9 &3$0/'!0, ) 0"'+'5dc& C;0.*%: & #(<0 & 08*. & 8> & *.9,*% & F%,R(.2 & :8*&
R*8)+8<0* &/0.1%21+3* & %1<0 & 8% & \*,.#<0, & 3*J13*% & R(.:*N & R(.:* & :8*9* & v$,81% & 8> & %;<09,*%N&
*%:3-+,83*%&F%,R(.2&%8<0,&>*0.&*.R;0%,5dm&7#9&*%:3-+,83*&^(9&2-.&:8*&R*8)+8<0*&/0.1%21+3*&
0#,,*%&J(&3.1O*%&/*8+*%&P%1(*&K1R#908N&:*.&)*8&:*.&F.9,*++(%3&:*.&T*.2#99(%3&>8,R8.L,*N&(%:&
P,k & X8.1)(>8N & *.9,*. & '#$#%89<0*. & =8%89,*.$.;98:*%,N & J( & Q*.#%,R1.,*%5 & 78* & [.-%:* & R#.*%&
$1+8,89<0*.&(%:&089,1.89<0*.&^.,`&=#%&9,.*),*&:8*&[.(%:+*3(%3&*8%*9&@,##,*9&#%N&:*.&#(2&:*>&
\*R(99,9*8% & :*. & 908%,k89,89<0E>f,01+1389<0*% & Z*8<093.-%:(%3 & )*.(0,* & (%: & :*99*%&
F8%J83#.,83L*8, & (%: & /.#:8,81%N & 3*.#:* & 8> & X8%)+8<L & #(2 & :8* & 2-. & 8>>*. & (%(%,*.).1<0*%*&
>;%%+8<0* & F.)+8%8* & 8% & :*. & \*QY+L*.(%3 & 28G8*., & R*.:*% & 91++,*5db& 78*9* & P:**% & 9,#%:*% & *8%*.&
R*8)+8<0*%&/0.1%21+3*&L+#.&8>&C*35&I.#L,89<0*&X-.:*%N&R8*&:8*&D.#3*&%#<0&*8%*>&3**83%*,*%&
[*>#0+&*8%*.&!"##$&(%:&%#<0&9*8%*>&>Y3+8<0*%&F8%2+(99&#(2&:8*&I1+8,8L&,#,*%&80.&j).83*95gB
7#9 &3$0/'!0, ) 0"'+' )R(.:* & #> & 665 & D*).(#. & 6mmb & (%,*. & :*> & M#>*% &3$0/'!0, ) !"#9-#)
(%,*.J*8<0%*,5&78*&*.9,*%&^)9;,J*&+#(,*%`g6
rX^I/FZ&6`&@SrrF@@PvM&/v&/XF&P=IFZP^U&/XZvMF
^.,8<+* & 6`& /0* & P>$*.8#+ & /0.1%* & 12 & "#$#% & 90#++ & )* & 9(<<**:*: & ,1 & )f & >#+*&
:*9<*%:#%,9&8%&,0*&>#+*&+8%*&12&P>$*.8#+&^%<*9,1.95&
^.,8<+*&A`& /0*&P>$*.8#+&/0.1%*&90#++&)*&9(<<**:*:&,1&)f&,0*&P>$*.8#+&*+:*9, &
dg
d?
dc
dm
db
gB
g6
^%:1&ABBB`&Ad6
7*.&\*3.822&!K#89*.8%4&9,*0,&08*.&#(99<0+8*O+8<0&2-.&:8*&[*>#0+8%&*8%*9&!"##$5
^%:1&6bbc`&Amt&K1.%8<L8&6bbb`&6d]
^%:1&6bbc`&Am
^%:1&6bbc`&Ab
=*f*.&ABB]`&Ag?
F9 & *G89,8*., & L*8%* & :*(,9<0* & j)*.9*,J(%3 & :*9 &3$0/'!0, ) !"#9-#& Q1% & 6mmb5 &^(9 & [.-%:*% & .*<0,+8<0*. & (%:&
21.>(+#,1.89<0*.&I.;J8981%&R8.:&:*90#+)&08*.&:8*&*%3+89<0*&T*.981%&)*8)*0#+,*%5&78*&L1>$+*,,*&T*.2#99(%3&89,&
(%,*. & :*. & P%,*.%*,#:.*99* &0,,$`aaRRR5'#$#%*9*089,1.f5:*a71<(>*%,9aP>$*.8#+wABX1(9*wABU#RwAB#%:
wAB@($$+*>*%,950,>+5&#).(2)#.5&
6?
91%5&
^.,8<+*&]`& C0*%&,0*.*&89&%1&P>$*.8#+&*+:*9,&91%N&,0*&P>$*.8#+&/0.1%*&90#++ &
)*&9(<<**:*:&,1&)f&,0*&P>$*.8#+&*+:*9,&3.#%:91%5&C0*%&,0*.*&89&%*8,0*.&P>$*.8#+&
*+:*9,&91%&%1.&#%f&>#+*&:*9<*%:#%,&12&089N&8,&90#++&)*&9(<<**:*:&,1&)f&,0* &
P>$*.8#+&91%&%*G,&8%*N&#%:&91&1%&8%&*Q*.f&9(<<*998Q*&<#9*5&
^.,8<+*&d`&D1.&9(<<*9981%&,1&,0*&P>$*.8#+&/0.1%*&)f&#%&P>$*.8#+&:*9<*%:#%,N&,0*&
1%*&12&2(++&)+11:&90#++&0#Q*&$.*<*:*%<*&1Q*.&:*9<*%:#%,9&12&0#+2&)+11:5&/0*&
9(<<*9981%&,1&,0*&P>$*.8#+&/0.1%*&)f&,0*&+#,,*.&90#++&)*&+8>8,*:&,1&,019*&<#9*9&
1%+f&R0*%&,0*.*&89&%1&P>$*.8#+&:*9<*%:#%,&12&2(++&)+11:5&
^.,8<+*&g`&C0*%&,0*.*&89&%1&P>$*.8#+&:*9<*%:#%,N&,0*&P>$*.8#+&/0.1%*&90#++&)*&
9(<<**:*:&,1&)f&#%&P>$*.8#+&).1,0*.&#%:&)f&089&:*9<*%:#%,95&
^.,8<+*&?`& C0*% &,0*.*&89&%1&9(<0 &P>$*.8#+&).1,0*. &1.&:*9<*%:#%,&12&089N&,0*&
P>$*.8#+ & /0.1%* & 90#++ & )* & 9(<<**:*: & ,1 & )f & #% & P>$*.8#+ & (%<+* & #%: & )f & 089&
:*9<*%:#%,95&
^.,8<+*&c`&C0*%&,0*.*&89&%*8,0*.&9(<0&P>$*.8#+&(%<+*&%1.&:*9<*%:#%,&12&089N&,0*&
P>$*.8#+&/0.1%*&90#++&)*&9(<<**:*:&,1&)f&,0*&%*G,&%*#.*9,&>*>)*.&#>1%3&,0*&
.*9,&12&,0*&P>$*.8#+&D#>8+f5&
^.,8<+* & m`& ^>1%3 & ,0* & P>$*.8#+ & ).1,0*.9 & #%: & ,0* & .*>1,*. & P>$*.8#+ & .*+#,81%9N&
$.*<*:*%<*&90#++&)*&38Q*%N&8%&,0*&9#>*&:*3.**N&,1&,0*&:*9<*%:#%,9&12&2(++&)+11:&
1Q*.&,019*&12&0#+2&)+11:N&#%:&,1&,0*&*+:*.&1Q*.&,0*&f1(%3*.5&
^.,8<+*&b`&C0*%&,0*&P>$*.8#+&0*8.&89&9(22*.8%3&2.1>&#%&8%<(.#)+*&:89*#9*&12&>8%:&
1.&)1:fN&1.&R0*%&#%f&1,0*.&R*830,f&<#(9*&*G89,9N&,0*&1.:*.&12&9(<<*9981%&>#f&)*&
<0#%3*:&8%&#<<1.:#%<*&R8,0&,0*&21.*318%3&$.1Q8981%9N&R8,0&,0*&#:Q8<*&12&,0*&
P>$*.8#+&D#>8+f&r1(%<8+&#%:&R8,0&,0#,&12&,0*&I.8Qf&r1(%<8+5
\*>*.L*%9R*.,&89,&#++*.:8%39&:*.&^9$*L,N&:#99&^.,8L*+&A6&9<0+8*O+8<0&*8%*&R*8)+8<0*&/0.1%E
21+3* & 2-. & :*% & D#++ & Q1.98*0,N & :#99 & L*8%* & Q1++';0.83*% & I.8%J*% & 2-. & *8%* & Z*3*%,9<0#2, & J(.&
789$198,81%&9,*0*%`
^.,8<+* & A6` & C0*% & ,0*.* & 89 & %*8,0*. & K1,#8908gA& %1. & K1,#891%g]N & 1. & R0*% & ,0*&
K1,#8908&1.&,0*&K1,#891%&0#9&%1,&f*,&#..8Q*:&#,&089&>#'1.8,fN&,0*&Z*3*%<f&90#++&
)*c(>*:&8%&,0*&21++1R8%3&1.:*.`
gA
g]
K.1%$.8%J
l+,*9,*.&@10%&:*9&K.1%$.8%J*%
6c
65&^%&P>$*.8#+&I.8%<*&1.&#&I.8%<*5
A5&/0*&F>$.*995
]5&/0*&F>$.*99&71R#3*.5
d5&/0*&[.#%:&F>$.*99&71R#3*.5
g5&^%&P>$*.8#+&I.8%<*99&1.&#&I.8%<*995gd
78*9*& v$,81% & 9,*++,* & 98<0 & '*:1<0& #+9 & 8..*+*Q#%, & 0*.#(9N &:# & :8* & L#89*.+8<0* & D#>8+8* &(>&#++*&
M#<0L1>>*%&:*.&I.8%J*%&i&:8*&80.*%&@,#,(9&%8<0,&Q*.+8*.*%&L1%%,*%&i&*.R*8,*.,&R(.:*N&91&
:#99 & L*8% & =#%3*+ & #% & /0.1%21+3*.% & J( & *.R#.,*% & R#.5 & ^(O*.:*> & R#.*% & :8* & @Y0%* & :*.&
L#89*.+8<0*%&M*)*%2.#(*%&+#(,&^.,8L*+&d&*)*%2#++9&J(.&/0.1%21+3*&)*.*<0,83,5&/1L1.1&.*2+*L,8*.,&
-)*. & :8* & 8> & "#0. & 6bA] & #)3*9<0#22,* & M*)*%*0* & (%: & *8%* & >Y3+8<0* & C8*:*.*8%2-0.(%3 & :*9&
K1%L()8%*%9f9,*>9&J(.&@8<0*.(%3&:*.&/0.1%21+3*N&L1>>,&#)*.&J(&:*>&Z*9(+,#,N&:#99&:8*9*&
v$,81%&0*(,J(,#3*&#+9&*,089<0&(%#%3*>*99*%&)*J*8<0%*,&R*.:*%&>(99&(%:&:#0*.&8%:89L(,#)*+&
89,5gg&
1"L"1 B$'+M'.;/00)%*+7'0+P/$0'..'$530+Q/@/%+:4%+!OLR+)%7+7/0+&$'()!'*%!"#+,#
78* & M#<0L.8*39ET*.2#99(%3 & )#98*.,* & #(2 & *8%*> & F%,R(.2 & :*. & #++88*.,*% & \*9#,J(%39.*38*.(%3&
(%,*. & [*%*.#+ &71(3+#9 & =<^.,0(.N & R(.:*& #>& ]5 &M1Q*>)*. & 6bd?& :(.<0&*8% &2.*8& 3*R;0+,*9&
I#.+#>*%, & (%: & :*% & @0kR# & /*%%k & Q*.#)9<08*:*, & (%: & ,.#, & #> & ]5 & =#8 & 6bdc & 8% & K.#2,N & :#9&
-)*.#.)*8,*,* &3$0/'!0, ) !"#9-# )#> & 6?5 & "#%(#. & 6bdcN & L%#$$ & 9*<0J83 & "#0.* & %#<0 & :*. & =*8'8E
T*.2#99(%35
7*.&*%1.>*&C#%:*+N&:*%&:#9&U#%:&R;0.*%:&:*.&j)*.3#%39$0#9*&Q1%&:*.&F:1E&J(.&=*8'8EH*8,&
:(.<0>#<0,*N & )*9<0.;%L,* & 98<0 & L*8%*92#++9 & #(2 & :*% & $.8>;. & *.R;0%,*% & ,*<0%1+1389<0*%&
D1.,9<0.8,,5&F.&9*,J,*&98<0&8%&:*.&[*9*++9<0#2,&21.,&(%:&;(O*.,*&98<0&8%&80.*.&@,.(L,(.&*)*%91&R8*&
8%&:*.&>*%,#+*%&v.8*%,8*.(%35&
P% & :*% & *.9,*% & )*8:*% & ^)9<0%8,,*% & :*. & '#$#%89<0*% & M#<0L.8*39ET*.2#99(%3 & L1>>, & :8*&
Q*.;%:*.,*&@,*++(%3&:*9 &!"##$& J(>&^(9:.(<L5&F.&89,&%8<0,&>*0.&X*..9<0*.&:*9&'#$#%89<0*%&
K#89*..*8<0*9N&91%:*.%&2(%38*.,&#+9&@f>)1+&:*9&@,##,*9N&)*8&:*99*%&\*QY+L*.(%3&:8*&=#<0,&
+8*3,5 &^(O*.:*> & 0#, & :*. &!"##$& 21.,#% & L*8%*% & 3Y,,+8<0*% & @,#,(9 & >*0. & (%: & *%,9#3, & 98<0 & :*.&
gd
gg
@##+*.&ABBm`&P>$*.8#+&X1(9*&U#R&#%:&@($$+*>*%,9&,0*.*,1
/1L1.1&VABB?W`&dbEg6
6m
908%,k89,89<0*%&=f,01+138*N&#(2&:*>&:#9&K#89*.,(>&)#98*.*%&91++5&78*9*.&.#:8L#+*&@<0.8,,&R#.&
:#9&F.3*)%89&*8%*.&(>2#99*%:*%&K#$8,(+#,81%`&@8*&)*8%0#+,*,*&:8*&M8*:*.+#3*&#(2&3#%J*.&U8%8*N&
R#9&8%&+*,J,*.&K1%9*x(*%J&#(<0&:8*9*&F%,9<0*8:(%3&(>2#99,*5&
78*&*.9,*%&^)9<0%8,,*&Q1%&M#<0L.8*39ET*.2#99(%3&(%:&E3$0/'!0,)!"#9-#&+#(,*%&%(%&R8*&21+3,`
T*.2#99(%3`
65&^\@rXMP//`&7FZ&K^P@FZ
^.,8L*+&6`& 7*.&K#89*.&89,&:#9&@f>)1+&"#$#%9&(%:&:*.&F8%0*8,&:*9&'#$#%89<0*%&
T1+L*95&@*8%*&@,*++(%3&89,&#(2&:*%&C8++*%&:*9&'#$#%89<0*%&T1+L*9&3*3.-%:*,N&)*8&
:*>&:8*&1)*.9,*&[*R#+,&+8*3,5
^.,8L*+&A`& 7*.&L#89*.+8<0*&/0.1%&89,&*.)+8<0t&:8*&/0.1%21+3*&.8<0,*,&98<0&%#<0&
:*>&Q1>&I#.+#>*%,&)*9<0+199*%*%&[*9*,J&-)*.&:#9&L#89*.+8<0*&X#(95g?&
3$0/'!0,)!"#9-#FG&
rX^I/FZ&6`&@SrrF@@PvM&/v&/XF&P=IFZP^U&/XZvMF
^.,8<+*&6`&/0*&P>$*.8#+&/0.1%*&90#++&)*&9(<<**:*:&,1&)f&#&>#+*&1229$.8%3&8%&,0*&
>#+*&+8%*&)*+1%38%3&,1&,0*&P>$*.8#+&U8%*#3*5
^.,8<+*&A`&/0*&P>$*.8#+&/0.1%*&90#++&)*&$#99*:&,1&,0*&>*>)*.9&12&,0*&P>$*.8#+&
D#>8+f&#<<1.:8%3&,1&,0*&21++1R8%3&1.:*.`
65&/0*&*+:*9,&91%&12&,0*&F>$*.1.
A5&/0*&*+:*9,&91%&12&,0*&F>$*.1.y9&*+:*9,&91%
]5&v,0*.&:*9<*%:#%,9&12&,0*&*+:*9,&91%&12&,0*&F>$*.1.
d5&/0*&9*<1%:&91%&12&,0*&F>$*.1.&#%:&089&:*9<*%:#%,9&
g5&v,0*.&:*9<*%:#%,9&12&,0*&F>$*.1.
?5&\.1,0*.9&12&,0*&F>$*.1.&#%:&,0*8.&:*9<*%:#%,9
c5&S%<+*9&12&,0*&F>$*.1.&#%:&,0*8.&:*9<*%:#%,9
P%&<#9*&,0*.*&89&%1&>*>)*.&12&,0*&P>$*.8#+&D#>8+f	&(%:*.&,0*&%(>)*.9&12&,0*&
$.*<*:8%3&$#.#3.#$0N&,0*&/0.1%*&90#++&)*&$#99*:&,1&,0*&>*>)*.&12&,0*&P>$*.8#+&
D#>8+f&%*G,&%*#.*9,&8%&+8%*#3*5
P%&<#9*&12&,0*&,R1&$.*<*:8%3&$#.#3.#$09N&$.*<*:*%<*&90#++&)*&38Q*%&,1&,0*&9*%81.&
+8%*N&#%:&8%&,0*&9#>*&:*3.**N&,1&,0*&9*%81.&>*>)*.5gm
g?
gc
gm
ZY0+&6b?]`&bBN&b6
^(<0&Q1%&:*>&#L,(*++*%&3$0/'!0,)!"#9-#&38),&*9&L*8%*&:*(,9<0*&j)*.9*,J(%3N&:#0*.&R8.:&#(<0&8%&:8*9*>&D#++&
:8*&*%3+89<0*&T*.981%&J8,8*.,&V98*0*&D(O%1,*&dcW5
/0*&^:Q891.f&r1(%<8+&1%&,0*&P>$*.8#+&X1(9*&U#R&Z*$1.,&ABBg`&]A
6b
P> & [*3*%9#,J & J(. & =*8'8ET*.2#99(%3 & .*3*+, & :*. & A5 &^)9<0%8,, & :*. & M#<0L.8*39Q*.2#99(%3 & :8*&
/0.1%21+3*&%8<0,5&^.3(>*%,*&3*3*%&*8%*&R*8)+8<0*&/0.1%21+3*&8>&H(3*&:*.&I+#%(%3&:*9&)89&
0*(,* & 3-+,83*% &3$0/'!0, ) !"#9-#& R#.*%`) 65 & 78* & L#89*.+8<0* & /0.1%21+3* & 2#%: & 8>>*. & 8% & :*.&
>;%%+8<0*%&U8%8*&9,#,,N&(%:&:8*9&3*9<0#0&>8,&:*.&H(9,8>>(%3&:*9&'#$#%89<0*%&T1+L*95&A5&^++*&
K#89*.8%%*% & R#.*% & P%,*.8>9.*3*%,8%%*%5 &7#9 & #+,* &3$0/'!0, ) !"#9-#& R#. & JR#. & (>2#%3.*8<0&
.*Q8:8*.,&R1.:*%N&%8<0,&#)*.&i&*%,3*3*%&#%2;%3+8<0*.&\*9,.*)(%3*%N&:8*&(%3+*8<0*&\*0#%:+(%3&
:*. & [*9<0+*<0,*. & #(9J(.;(>*% & i & 08%98<0,+8<0 & :*. & /0.1%21+3*5 & D-. & *8%* & #(938*)83*&
\*9<0;2,83(%3 & >8, & D.#3*% & :*. &/0.1%21+3*>1:#+8,;,*% & R#. & 9<0+8<0,R*3 & L*8%* & H*8,N & :# & :#9&
3$0/'!0,)!"#9-#&3*>*8%9#>&>8,&:*.&T*.2#99(%3&8%&K.#2,&,.*,*%&91++,*5gb&
D-. & :8* & 0*(,83* & @8,(#,81% & >8,*%,9<0*8:*%: & R#. & #)*. & :*. &^(99<0+(99 & Q1% & *+2 & @*8,*%+8%8*%&
V;'6-+"W&#(9&:*.&L#89*.+8<0*%&D#>8+8*N&91:#99&%(.&%1<0&:8*&K*.%2#>8+8*&*.0#+,*%&)+8*)&(%:&
:#>8, & :8*& H#0+&>Y3+8<0*.&/0.1%21+3*.&JR#%39+;(283&9<01% &8>&T1.2*+:&>#998Q& *8%3*3.*%J,&
R(.:*5
P%&:*.&D1+3*J*8,&R(.:*&:8*&789L(9981%&(>&*8%*&[+*8<0)*.*<0,83(%3&8%&:*.&/0.1%21+3*&8%&:*%&
"#0.*%&6bgg?BN&6b?gN&6bm]&(%:&6bmg?6& %1<0&*8%>#+&#(23*3.822*%?AN&)89&>#%&98<0&:*.&D.#3*&
L%#$$&JR#%J83&"#0.&9$;,*.&*.%*(,N&:8*9>#+&#)*.&#(2&).*8,*.*.&\#989&R8:>*,*5
1"S
B$0H)00$4%+)F+'$%'+T':$0$4%+7'.+>3.4%;4&*'.'*'&)%*+U)*)%0('%+I.$%U'00$%+E$H40+
$%+7'.+I4&$($HV+B'.+T/(+*'9$&7'('.+I'.0D%&$53H'$('% +W9'.+7/0+A'0'(U+W9'.+7'% +
H/$0'.&$53'%+X/)03/&(
78*&Y22*%,+8<0*%&^(9*8%#%:*.9*,J(%3*%&>8,&:*.&D.#3*&:*.&R*8)+8<0*%&/0.1%21+3*&*..*8<0,*%&
J(> & Q1.*.9, & +*,J,*% & =#+ & 8> & H*8,.#(> & JR89<0*% & X*.)9, & ABBd & (%: & X*.)9, & ABB? & 80.*%&
XY0*$(%L,5&78*&/1<0,*.&:*9&K.1%$.8%J*%$##.*9N&^8L1N&*..*8<0,*&>8,&80.*>&:.8,,*%&[*)(.,9,#3&
V#> & 65 & 7*J*>)*. & ABBdW & :#9 & ^+,*.N & 8% & :*> & -)+8<0*.R*89* & :8* & #(2 & :8* & Z1++* & :*9 &!"##$)
Q1.)*.*8,*%:*&F.J8*0(%3&*8%3*+*8,*,&R8.:5&=Y3+8<0*.R*89*&R#.&*)*%&:8*9&#(<0&:*.&^(9+Y9*.&
2-.&:8*&7*)#,,*%N&:8*&91>8,&#+91&#)9*0)#.&3*R*9*%&9*8%&:-.2,*%5&
gb
?B
?6
?A
^%:1&ABBc`&AbgEAb?
F8%*&D#L,81%&:*.&U7I&*>$2#0+&*8%*&Z*Q8981%&:*9&L#89*.+8<0*%&X#(93*9*,J*9N&8>&H(3*&:*.*.&:8*&R*8)+8<0*&
/0.1%21+3* &#%*.L#%%, & R*.:*% & 91++,*5 & 78*9*. &T1.9<0+#3& Q*.+8*2 & #)*. &8> & @#%:*5 &K1.%8<L8 & 6bbb` &6gBN &%#<0&
K1'8>#N&X8.1908&6bmd`&!y"1,*8y&.1%3845&P%`&P<080#.#N&@0kJ#)(.k&z&@(380#.#N&e#9(1&VX.935W` &3$/$)#')+'/&#)
;&#B-'5&/kLfk`&eo08L#L(5&@5&?65&@8*0*&#(<0`&D('8,#%8&ABBg`&]]
=8,3+8*:*. & :*9 & Z*$.;9*%,#%,*%0#(9*9 & (%: & :*9 & '#$#%89<0*% & v)*.0#(9*9 & R#.2*% & :8* & D.#3* & :*. & R*8)+8<0*%&
/0.1%21+3* & 8% & T*.)8%:(%3 & >8, & 9*G(*++*. & 789L.8>8%8*.(%3 & Q1% & D.#(*% & #(25 & =#% & 9#0 & #++*.:8%39 & L*8%*%&
X#%:+(%39)*:#.2N&:#&:8*&/0.1%21+3*&+#%32.89,83&98<0*.&9<08*%5&^%:1&6bbc`&]Bt&K1.%8<L8&6bbb`&6gB
K1.%8<L8&6bbb`&6gB
AB
7*.&:#>#+9&#>,8*.*%:*&I.*>8*.>8%89,*.&K18J(>8&VU7IN&U8)*.#+:*>1L.#,89<0*&I#.,*8W&)*.8*2&
8> & M1Q*>)*. & ABBd & *8% & $.8Q#,*9 & \*.#,(%393.*>8(> & >8, & :*. & \*J*8<0%(%3 & !Z#, & 3*)8+:*,*.&
I*.9Y%+8<0L*8,*% & -)*. & :#9 & [*9*,J & -)*. & :*% & L#89*.+8<0*% & X#(90#+,4 & V3$0/'!0, ) !"#9-# ) #' )
+-#0,(,)680/'+')0/-+-'1'W&*8%N &*8%&[.*>8(>N&R*+<0*9&98<0&#(9&J*0%&S%8Q*.98,;,9$.12*991.*%N&
*>*.8,8*.,*% & I.12*991.*%N & "(.89,*%N & T*.)#%:9E & 91R8* & S%,*.%*0>*%9ET1.98,J*%:*%&
J(9#>>*%9*,J,*5 & 7#.(%,*. & R#.*% & 8%93*9#>, & JR*8 & D.#(*%N & PR#1 & @(>8L1 & VI.12*991.8% & #>&
=(9#908&P%9,8,(,*&12&/*<0%1+13fN&I.12*991.8%&*>*.8,5&:*9&D#<0)*.*8<09&I9f<01+138*&:*.&K*8k&
S%8Q*.98,f&(%:&=8,3+8*:&8>&[.*>8(>&2-.&[+*8<09,*++(%3&:*.&[*9<0+*<0,*.W&(%:&v3#,#&@#:#L1&
VI.;98:*%,8% & :*. & "#$#% & P%,*.%#,81%#+ & r11$*.#,81% & ^3*%<f & (%: & *0*>#+83* & X10*&
D+-<0,+8%39L1>>899#.8%&:*.&SMvW5&
HR89<0*% & :*>& Ag5& "#%(#. &(%: & :*>& Ad5& M1Q*>)*. &ABBg& 2#%:*%& 98*)J*0%& 1228J8*++* &91R8*&
R*8,*.*N&8%1228J8*++*&@8,J(%3*%&%#<0&\*:#.2&9,#,,5?]& P>&Z#0>*%&:*.&+*,J,*%&H(9#>>*%L(%2,&
+*3,*&:*.&Z#,&9*8%*%&^)9<0+(99)*.8<0,&Q1.N&8%&:*>&:8*&^%*.L*%%(%3&*8%*.&R*8)+8<0*% &!"##$N&
*8%*9&!"##$&8%&R*8)+8<0*.&F.)+8%8*&91R8*&:#9&Z*<0,&#(2&/0.1%21+3*&2-.&:#9&*.9,3*)1.*%*&K8%:N&
(%#)0;%383&:#Q1%N&1)&"(%3*&1:*.&=;:<0*%N&*>$210+*%&R8.:5&
F8%&J*%,.#+*9&/0*>#&8>&H(3*&:*.&^.3(>*%,#,81%*%&2-.&(%:&3*3*%&:8*&R*8)+8<0*&/0.1%21+3*&
R#.&(%:&89,&:8*&3*9<0+*<0,*.:*28%8*.,*&F.)+8%8*5&78*&21+3*%:*&^))8+:(%3&91++&:#9&@f9,*>&:*.&
>;%%+8<0*% & (%: & R*8)+8<0*% &^)9,#>>(%39+8%8*% & Q*.:*(,+8<0*%N & :# & :#9 & I.8%J8$ & 8% & :8*9*>&
K#$8,*+&R8*:*.01+,&#(23*3.822*%&(%:&:89L(,8*.,&R8.:`&&
&&&&&&&&^))8+:(%3&A`&&=1:*++&:*.&R*8)+8<0*%&(%:&:*.&>;%%+8<0*%&F.)+8%8*&V%&+"')(%:)B-#+"'W?d
?]
?d
78*&I.1,1L1++*&:*.&1228J8*++*%&@8,J(%3*%&98%:&8>&P%,*.%*,&#(2&:*.&@*8,*&:*9&I.*>8*.>8%89,*.9&(%,*.&:*.&^:.*99*&
0,,$`aaRRR5L#%,*85315'$a'$a98%38aL1(98,(aL#89#850,>+&*8%9*0)#.&VABBmE66EBdW&91R8*&#(<0&:8*&*%3+89<0*&T*.981%&
:*9&\*.8<0,9`&/0*&^:Q891.f&r1(%<8+&1%&,0*&P>$*.8#+&X1(9*&U#R&Z*$1.,&ABBg`
0,,$`aaRRR5L#%,*85315'$a21.*83%a$1+8<faL1908,9(aBg66Adu*5$:2&
F%,%1>>*%&#(9`&&/0*&^:Q891.f&r1(%<8+&1%&,0*&P>$*.8#+&X1(9*&U#R`&/0*&^:Q891.f&r1(%<8+&1%&,0*&P>$*.8#+&
X1(9*&U#R&Z*$1.,&ABBg`&7*28%8,81%9&12&/*.>8%1+13f
A6
^+9 & >;%%+8<0* & U8%8* & R8.: & :8* & F.)+8%8* & )*J*8<0%*,N & R*%% & 8> & @,#>>)#(> & :8* & X#($,+8%8*&
#(99<0+8*O+8<0&-)*.&:*%&'*R*8+9&*.9,3*)1.*%*%&@10%&21.,3*2-0.,&R8.:&V2*,,3*:.(<L,*&U8%8*W5
\*8&'*:*.&#%:*.*%&^.,&:*.&F.)+8%8*&9$.8<0,&>#%&Q1%&*8%*.&R*8)+8<0*%&U8%8*&V71$$*++8%8*W5&
M#<0L1>>*% & Q1% & R*8)+8<0*% & D#>8+8*%>8,3+8*:*.% & 98%: & :*>%#<0 & :*. & R*8)+8<0*% & U8%8*&
J(J(1.:%*%N&9*+)9,&R*%%&98*&>;%%+8<0*%&[*9<0+*<0,9&98%:5?g& 78*&^))8+:(%3&>#<0,&:*(,+8<0N&
R8*&9,.*%3&:8*&K.8,*.8*%&J(.&F.0#+,(%3&:*.&>;%%+8<0*%&U8%8*&98%:5&^(<0&@*L8%1&3*0,&8%&9*8%*>&
^.,8L*+ & *G$+8J8, & #(2 & :8* & 7822*.*%J8*.(%3*% & JR89<0*% & R*8)+8<0*. &!"##$& (%: &!"##$& #(9 & :*.&
R*8)+8<0*%&U8%8*&*8%5??&
P>&21+3*%:*%&91++*%&:8*&T1.3*0*%9R*89*%N&Q1.&#++*>&#)*.&:8*&j)*.+*3(%3*%&(%:&F%,9<0*8E
:(%3*%&:*9&Z#,*9&%#<03*J*8<0%*,&R*.:*%N&:#&:#9&71L(>*%,&*8%*&J*%,.#+*&n(*++*&2-.&:8*9*&
^.)*8,&:#.9,*++,5&7*.&Z#,&R#.&>8,&21+3*%:*.&^(23#)*&)*,.#(,`
!7*.&Z#,&3*)8+:*,*.&I*.9Y%+8<0L*8,*%&-)*.&:#9&[*9*,J&-)*.&:*%&L#89*.+8<0*%&X#(90#+,&
V555W&R8.:&*8%)*.(2*%&#+9&*8%&D1.(>&J(.&789L(9981%&:*9&@f9,*>9&:*.&L#89*.+8<0*%&
/0.1%21+3*&(%:&#%:*.*.&8%&\*J8*0(%3&9,*0*%:*.&P%9,8,(,81%*%N&:8*&&Q1%&I*.91%*%&3*2-0.,&
R8.:N&:8*&*8%&010*9&=#O&#%&D#<0R899*%&(%:&T*.9,;%:%89&)*98,J*%54?c
7*.& \*.8<0,&9*,J,& 98<0&#(9& :.*8&^)9<0%8,,*%&J(9#>>*%`&P5 &7#9& I.1)+*>N&PP5 &[.(%:+*3*%:*&
I*.9$*L,8Q*%N & PPP5 & Z8<0,+8%8*% & J(. & @8<0*.(%3 & *8%*. & 9,#)8+*%N & .*<0,>;O83*% & L#89*.+8<0*%&
/0.1%21+3*5 &^>&^%2#%3 & 9,*0, &R8*& 3*9#3,& :8*& P:*%,828J8*.(%3 &:*. &I.1)+*>+#3*`& S%,*. & :*>&
:*.J*8,83&#L,(*++*%&K#89*.+8<0*%&X#(93*9*,J&V3$0/'!0,)!"#9-#N&8>&R*8,*.*%&T*.+#(2&#(<0&91&
3*%#%%,W&89,&*9&>Y3+8<0N&:#99&2.-0*.&1:*.&9$;,*.&*8%*&@8,(#,81%&*8%,.8,,N&8%&:*.&L*8%&+*38,8>*.&
K#%:8:#,&2-.&:*%&L#89*.+8<0*%&/0.1%&J(.&T*.2-3(%3&9,*0,5&7#.#(9&21+3,N&:#99&(>3*0*%:&*8%&
@f9,*> & 3*9<0#22*% & R*.:*% & >(99N & R*+<0*9 & 8% & H(L(%2, & :8* & @,#)+8+8,;, & :*. & L#89*.+8<0*%&
/0.1%21+3*&98<0*.,?m5&
P>&\*.8<0,&21+3*%&8>&JR*8,*%&/*8+&X8%,*.3.(%:8%21.>#,81%*%&(%:&Z#0>*%*.+;(,*.(%3*%&J(&
:*>&^(93#%39$.1)+*>`&F9&R8.:&91R10+&:8*&*.21.:*.+8<0*&^LJ*$,#%J&(%:&S%,*.9,-,J(%3&:*9&
!"##$H@f9,*>9&:(.<0&:8*&\*QY+L*.(%3N&9*8%*&L-%2,83*&T*.*8%)#.L*8,&>8,&:*.&/.#:8,81%&3*%#%%,&
R8* & #(<0 & :*. & 010* & @,*++*%R*., & :*. & J( & 9<0#22*%:*% & @,#)8+8,;, & %1<0 & *8%>#+ & 0*.Q1.3*01)*%5&
78*9*&#%3*9,.*),*&@,#)8+8,;,&R8.:&8%&:.*8&I(%L,*%&%;0*.&:*28%8*.,`
?g
??
?c
?m
•
F9&38),&*8%*&=8%:*9,#%J#0+&8%&D.#3*&L1>>*%:*.&K#%:8:#,*%&2-.&:*%&/0.1%
•
78*&D(%L,81%&:*9&K#89*.9&89,&@,##,99f>)1+&10%*&K1>$.1>899*
Kk908,9(&,*%$#%&%8&L#%9(.(&fo908L8&90#L#838`&0kL1L(901&VABBgW`&K801%,*L8%#&fk31&%1&9*,9(>*8
@*L8%1&VABB?W`&?]E?d
Kk908,9(&,*%$#%&%8&L#%9(.(&fo908L8&90#L#838`&0kL1L(901&VABBgW`&cg
Kk908,9(&,*%$#%&%8&L#%9(.(&fo908L8&90#L#838`&0kL1L(901&VABBgW`&A
AA
•
7*. & /0.1%21+3*. & 89, & (%>899Q*.9,;%:+8<0 & J( & )*%*%%*%N & *9 & :#.2 & L*8%*% & X#%:+(%39E
9$8*+.#(>&3*)*%t&:8*9*&F%,9<0*8:(%3&89,&(%R8:*..(2+8<05?b
7#9&:.8,,*&K#$8,*+&%8>>,&9<0+8*O+8<0N&Q*.3+8<0*%&>8,&:*%&)*8:*%&-).83*%N&:*%&>8,&^)9,#%:&
3.YO,*% & Z#(> & *8%5 & H(*.9, & 3*0, & *9 & (> & :8* & 3*3*%R;.,83 & )*9,*0*%:*% & K.8,*.8*%N & :8* & J(.&
M#<021+3*&#(2&:*>&L#89*.+8<0*%&/0.1%&)*.*<0,83*%5&F9&R*.:*%&:8*&J(&*.2-++*%:*%&K.8,*.8*%&2-.&
*8%*&/0.1%21+3*&3*L+;.,5&F.21.:*.+8<0&89,&:*>%#<0&65&*8%*&L#89*.+8<0*&^)9,#>>(%3N&A5&*0*+8<0&
3*)1.*%&R1.:*%&J(&9*8%N&]5&*8%&>;%%+8<0*.&M#<0L1>>*&8%&:*.&>;%%+8<0*%&U8%8*&J(&9*8%&(%:&
d5&J(.&L#89*.+8<0*%&D#>8+8*&J(&3*0Y.*%cB5&
P>&D1+3*%:*%&R*.:*%&:8*&[.-%:*&)*9<0.8*)*%N&:8*&J(.&F8%9<0.;%L(%3&:*.&/0.1%21+3*.&#(2&:8*&
M#<02#0.*% & 8% & :*. & >;%%+8<0*% & F.)+8%8* & 2-0.,*%N & 91R8* & :*. & @,*++*%R*., & :*. & >;%%+8<0*%&
/0.1%21+3*&8%&:*.&>;%%+8<0*%&U8%8*&(%:&\*:8%3(%3*%&J(.&^(2.*<0,*.0#+,(%3&:*.&/0.1%21+3*&
8% & :*. & >;%%+8<0*% & U8%8* & 8% & H(9#>>*%0#%3 & >8, & T*.;%:*.(%3*% & 8% & :*. & '#$#%89<0*%&
[*9*++9<0#2,5&K*.%#(99#3*&:*9&+*,J,3*%#%%,*%&I(%L,*9&89,&:8*&J(&)*1)#<0,*%:*&/#,9#<0*N&:#99&
98<0&:*.&3*%*.*++*&:*>13.#289<0*&C#%:*+&#(<0&8%&:*.&L#89*.+8<0*%&D#>8+8*&%8*:*.9<0+;3,`&:#9&
X*8.#,9#+,*.&9,*83,N&R;0.*%:&:8*&[*)(.,*%.#,*&L1%,8%(8*.+8<0&98%L,c65&&
7*. & %;<09,* &^)9<0%8,, & 9$8*+, & %(% & JR*8 & 8% & D.#3* & L1>>*%:* & @J*%#.8*% & :*. & I.1)+*>+Y9(%3&
:(.<05&
•
78*&C8*:*.*8%3+8*:*.(%3&*0*>#+83*.&=8,3+8*:*.&:*.&L#89*.+8<0*%&D#>8+8*
P% & :8*9*> & D#++ & R-.:*% & @*8,*%+8%8*%N & :8* & 8% & :*. & M#<0L.8*39J*8, & 6bdc & Q1% & :*. & L#89*.+8<0*%&
D#>8+8*&#(93*9<0+199*%&R(.:*%N&R8*:*.&8%&:8*&D#>8+8*&8%,*3.8*.,N&(>&*8%*&3.YO*.*&^%J#0+&#%&
/0.1%#%R;.,*.%&J(.&T*.2-3(%3&J(&0#)*%5&78*9*&T1.3*0*%9R*89*&R;.*&'*:1<0&>8,&*.0*)+8<0*%&
@<0R8*.83L*8,*%&Q*.)(%:*%5&78*&R10+&3.#Q8*.*%:9,*&X-.:*&9,*++,&:#)*8&:8*&/#,9#<0*&:#.N&:#99&
:8*&)*,.*22*%:*%&D#>8+8*%&9*8,&>8,,+*.R*8+*&9*<0J83&"#0.*%&#+9&)-.3*.+8<0*&I*.91%*%&(%:&8%&
^%1%f>8,;,&+*)*%5&@8*&98%:&>8,&:*>&#L,(*++*%&!"##$&%(.&*%,2*.%,&Q*.R#%:,5&@8*&98%:&R*:*.&>8,&
:*% & [*$2+13*%0*8,*% & #> & L#89*.+8<0*% & X12 & %1<0 & >8, & :*> & $*.>#%*%,*% & P%,*.*99* & #% & 80.*.&
I*.91% & Q*.,.#(,5 & C*8,*.08% & LY%%,* & :8* & (%*%,)*0.+8<0* & T1.#(99*,J(%3N & >8, & *8%*. & ).*8,*%&
H(9,8>>(%3 & :*. & \*QY+L*.(%3 & J( & 0#%:*+%N & #(23.(%: & :*9 & 3*.8%3*% & \*L#%%,0*8,93.#:*9&
>Y3+8<0*.R*89*&%8<0,&*.2-++,&R*.:*%5cA
•
^(9R*8,(%3 & :*. & \*.*<0,83(%3 & J(. &/0.1%21+3* & #(2 & D#>8+8*%>8,3+8*:*.N & :8* & R*8)+8<0&
98%:&1:*.&8%&:*.&R*8)+8<0*%&F.)+8%8*&3*)1.*%&R(.:*%
?b
cB
c6
cA
Kk908,9(&,*%$#%&%8&L#%9(.(&fo908L8&90#L#838`&0kL1L(901&VABBgW`&]
Kk908,9(&,*%$#%&%8&L#%9(.(&fo908L8&90#L#838`&0kL1L(901&VABBgW`&d
/#890k&/*%%k&0*8.#,*,*&8>&^+,*.&Q1%&AB&"#0.*%N&9*8%*&[*>#0+8%&R#.&J(&:8*9*>&H*8,$(%L,&6g&"#0.*&#+,5&@0kR#&
/*%%k&0*8.#,*,*&>8,&AA&"#0.*%N&9*8%*&\.#(,&R#.&AB&"#0.*&#+,5&@*8,&:*.&=*8'8EZ*9,#(.#,81%&9#%L&:8*&[*)(.,*%.#,*&
L1%,8%8(8*.+8<05
Kk908,9(&,*%$#%&%8&L#%9(.(&fo908L8&90#L#838`&0kL1L(901&VABBgW`&g
A]
X8*.&89,&L+#.&J(&,.*%%*%&JR89<0*%&R*8)+8<0*%&D#>8+8*%>8,3+8*:*.%&(%:&D#>8+8*%>8,3+8*:*.%N&
:8*&#(9&:*.&R*8)+8<0*%&F.)+8%8*&9,#>>*%5&F8%*&R*8)+8<0*&!"##$&R-.:*&%8<0,&JR#%39+;(283&:#9&
T*.+#99*% & :*. & >;%%+8<0*% & F.)+8%8* & )*:*(,*%N & 912*.% & 98* & 9*+)9, & #(9 & :*. & >;%%+8<0*% & U8%8*&
9,#>>,&(%:&80.&%8<0,&80.*&*83*%*%&@Y0%*&#(2&:*%&/0.1%&21+3*%N&91%:*.%&)*89$8*+9R*89*&*8%&
M#<0L1>>* & #(9 & *8%*. & L#89*.+8<0*% & @*8,*%+8%8*5 & F8% & 7f%#9,8*R*<09*+ & R-.:* & *.9, & :#%%&
9,#,,28%:*%N&R*%%&*8%*&!"##$&:*%&/0.1%&#%&80.*%&@10%&R*8,*.Q*.*.),&V98*0*&#(<0&^))8+:(%3&AW5&
P> & R*8,*.*% & T*.+#(2 & :*9 & \*.8<0,*9 & R8.: & :8* & Z#%321+3* & :*. & L#89*.+8<0*% & /0.1%21+3*&
,0*>#,898*.,5&F9&R*.:*%&Q8*.&J(.&789$198,81%&9,*0*%:*&^.,*%&:*.&/0.1%21+3*&3*%#%%,`c]
•
7#9&I.8%J8$&:*.&I.8>13*%8,(.cd
•
7#9&I.8%J8$&:*9&>;%%+8<0*%&T1.J(39&(%,*.&[*9<0R89,*.%cg
•
7#9&I.8%J8$&:*9&>;%%+8<0*%&T1.J(39c?
•
7#9&I.8%J8$&:*9&>;%%+8<0*%&/0.1%21+3*.9&#(9&:*.&>;%%+8<0*%&U8%8*cc
[*%*.*++ & R8.: & :8* & 3.1O* & Z*+*Q#%J & :*. & /0.1%21+3* & %#<0 & :*% & *.9,*% & )*8:*% & I.8%J8$8*%&
0*.Q1.3*01)*%N & 8%:*> & :8* & -).83*% & )*8:*% & T#.8#%,*% & >*0. & 1:*. & R*%83*. & #(93*9<0+199*%&
R*.:*%5 &78*&I.;2*.*%J &:*.&I.8>13*%8,(. &(%:&:*9 &>;%%+8<0*%&T1.J(39 &(%,*. &[*9<0R89,*.%&
)*.(0,&#(2&21+3*%:*%&[.-%:*%`
•
S%,*.&:*>&^9$*L,&:*.&3*98<0*.,*%&D1.,2-0.(%3&:*9&L#89*.+8<0*%&@f9,*>9&89,&:8*&98>$+*&
v$,81% & :*. & C*8,*.3#)* & :*9 & /0.1%9 & Q1% & *8%*. & [*%*.#,81% & #% & :8* & 21+3*%:* & :8*&
%#0*+8*3*%:9,*&(%:&$+#(98)*+9,*5&
•
7*.&/0.1%21+3*.&91++,*&*8%&=8,3+8*:&:*.&L#89*.+8<0*%&D#>8+8*&9*8%5
•
P%&H*8,*%&:*9&#++3*>*8%*%&[*)(.,*%.-<L3#%39&0;,,*&*8%*&Z*9,.8L,81%&#(2&>;%%+8<0*&
M#<0L1>>*%&8%&:*.&>;%%+8<0*%&U8%8*&R*%83&^(998<0,&#(2&+#%32.89,83*&@,#)8+8,;,5
•
F8%*&:8.*L,*&/0.1%21+3*&89,&:8*&,.#:8,81%*++*&M1.>5cm
^%:1&VABBcW&.*9(>8*.,&8%&\*J(3&#(2&:*%&^)9<0+(99)*.8<0,&:.*8&[.-%:*N&:8*&2-.&:8*&0*(,83*N&
*G89,*%J)*:.10*%:*&@8,(#,81%&:*9&K#89*.0#(9*9&Q*.#%,R1.,+8<0&98%:`&
c]
cd
cg
c?
cc
cm
cb
•
^)9<0#22(%3&:*.&M*)*%*0*&8>&"#0.&6bA]&:(.<0&K.1%$.8%J&X8.108,1cb&
•
^(99<0+(99 & :*. & *+2 & @*8,*%+8%8*% & V;'6-+"W & V(%: & 91>8, & g6 & =8,3+8*:*.%W & #(9 & :*.&
Kk908,9(&,*%$#%&%8&L#%9(.(&fo908L8&90#L#838`&0kL1L(901&VABBgW`&6AE6]
/0.1%21+3*.&89,&:*.&*.9,*&M#<02#0.*&:*9&!"##$I&(%3*#<0,*,&:*9&[*9<0+*<0,*95&78*&R*8,*.*&Z*80*%21+3*&.8<0,*,&
98<0&%#<0&:*>&^+,*.&:*.&[*9<0R89,*.5
T1..*<0,&:*9&*.9,3*)1.*%*%&@10%9&Q1.&:*%&-).83*%&[*9<0R89,*.%N&91R*8,&Q1.0#%:*%5
78* & I.81.8,;, & +8*3, & #(2 & :*> & >;%%+8<0*% & [*9<0+*<0,N & %8<0, & #(2 & :*. &^)9,#>>(%3 & Q1> &!"##$5 & @1 & LY%%*%&
^)LY>>+8%3*&:*.&@*8,*%+8%8*%&:#9&^>,&:*9&/0.1%21+3*.9&-)*.%*0>*%5
X8*.&0#,&:8*&/#,9#<0*N&>;%%+8<0&J(&9*8%N&*8%*%&0Y0*.*%&@,*++*R*.,N&#+9&:8.*L,*.&M#<0L1>>*&:*9 &!"##$ )J(&
9*8%5/0.1%21+3*.&LY%%*%&21+3+8<0&#(<0&#(9&:*%&@*8,*%+8%8*%&9,#>>*%5&
Kk908,9(&,*%$#%&%8&L#%9(.(&fo908L8&90#L#838`&0kL1L(901&VABBgW`&6]
^(9&:#>#+83*.&I*.9$*L,8Q*&R#.&J(%;<09,&L*8%&=#%3*+&#%&L-%2,83*%&/0.1%21+3*.%&J(&*.L*%%*%5&H(>&*8%*%&
0#,,*&K.1%$.8%J&X8.108,1&:.*8&\.-:*.N&J(>&#%:*.*%&Q*.2-3,*%&*8%83*&@*8,*%+8%8*%&-)*.&8%&D.#3*&L1>>*%:*&
/0.1%21+3*.5&V^%:1&ABBc`&AbcW
Ad
L#89*.+8<0*%&D#>8+8*&8>&"#0.&6bdcmB&
•
T*.)1,&:*.&^:1$,81%&:(.<0&*8%&=8,3+8*:&:*.&L#89*.+8<0*%&D#>8+8*&:(.<0&:#9 &3$0/'!0,)
!"#9-#JK
78*&)*8:*%&*.9,3*%#%%,*%&I(%L,*&3#.#%,8*.,*%&*8%*%&98<0*.*%&D1.,)*9,#%:&:*.&7f%#9,8*&-)*.&
"#0.0(%:*.,*5&=8,&80.*>&C*32#++&89,&:*.&!I11+4&:*.&L#89*.+8<0*%&D#>8+8*N&#(9&:*>&3*9<0Y$2,&
R*.:*%&L#%%N&:*(,+8<0&3*9<0.(>$2,5&
C#.(>&#+91&)*:#.2&:8*&/0.1%21+3*.*3*+(%3&*8%*.&:.8%3*%:*%&l%:*.(%3_
H(9#>>*%2#99*%: & +#99*% & 98<0 & 21+3*%:* & [.-%:* & 2-. & *8%* & :.8%3*%:* & F8%2-0.(%3 & :*.&
>#,.8+8%*#.*%&/0.1%21+3*N&#+91&:*.&/0.1%21+3*&8%&:*.&R*8)+8<0*%&U8%8*&8:*%,828J8*.*%`&
•
78* & %8*:.83* & (%: & Q1.#(998<0,+8<0 & R*8,*. & 98%L*%:* & [*)(.,*%.#,* & (%: & :*. & :#>8,&
*8%0*.3*0*%:*&=#%3*+&#%&>;%%+8<0*%&/0.1%#%R;.,*.%mA
•
C*8)+8<0*&D#>8+8*%>8,3+8*:*.&>-99*%&>8,&:*.&X*8.#,&:#9&K#89*.0#(9&Q*.+#99*%&(%:&*8%&
)-.3*.+8<0*9&U*)*%&2-0.*%5&F8%*%&#:+83*%&X*8.#,9L#%:8:#,*%&38),&*9&>1>*%,#%&%8<0,5
•
[*>;O&^.,8L*+&66&^)9#,J&6&:*9 &3$0/'!0,)!"#9-#& LY%%*%&I.8%J*%&V$W&#)&:*.&:.8,,*%&
[*%*.#,81%&(%:&#++*&I.8%J*998%*%&V#-'0/'##$J?& (%: &%&$JCW&#)&:*>&6g5&U*)*%9'#0.&#(2&
*83*%*%&C(%9<0&:8*&L#89*.+8<0*&D#>8+8*&Q*.+#99*%5mg
@*+)9,&R*%%&:(.<0&:8*&[*)(.,&:*9&I.8%J*%&X89#08,1&:8*&7.8%3+8<0L*8,&Q1.+;(283&*,R#9&3*)#%%,&
R*.:*%&L1%%,*N&91&89,&:8*&)*L+*>>*%:*&@#<0+#3*&%#0*J(&(%Q*.;%:*.,5
M*)*%&:*>&ABB?&3*)1.*%*%&I.8%J*%&38),&*9&8%&:*.&'-%39,*%&[*%*.#,81%&+*:83+8<0&R*8)+8<0*&
M#<0L1>>*%5&7#9&)*:*(,*,N&:#99&98<0&:*.&D1.,)*9,#%:&:*9&/*%%k,(>9&:*.J*8,&#(99<0+8*O+8<0&
#(2&*8%&*8%J83*9&=8,3+8*:&:*.&L#89*.+8<0*%&D#>8+8*&9,-,J,5&7*%&#<0,&I.8%J*998%%*%&#(9&9*8%*.&
[*%*.#,81% & )+*8), & L*8%* & #%:*.* & =Y3+8<0L*8,N & #+9 & *8%*% & \-.3*.+8<0*% & J( & *0*+8<0*%5 & 7*.&
>1>*%,#%*%&Z*3*+(%3&J(21+3*&98%:&98*&8%&*8%*>&91+<0*%&D#++&3*JR(%3*%N&:8*&D#>8+8*&J(&
Q*.+#99*%&(%:&*)*%2#++9&*8%&)-.3*.+8<0*9&U*)*%&J(&2-0.*%5m?&&
H(&:8*9*.&I.1)+*>#,8L&L1>>,&*8%*&R*8,*.*`&@1++,*&^8L1&K#89*.8%&R*.:*%&LY%%*%N&9,-%:*&80.&
*)*%2#++9&L*8%&X*8.#,9L#%:8:#,&#(O*.&80.*>&r1(98%&X89#08,1&J(.&T*.2-3(%35&^)3*9*0*%&:#Q1%N&
mB
m6
mA
m]
md
mg
m?
^%:1 & ABBc` & Abb5 & 78*9 & 3*9<0#0 & 8> & H(3* & :*. &T*.9,##,+8<0(%3 & *8%*9 & )*,.;<0,+8<0*% &/*8+9 & :*9 & L#89*.+8<0*%&
T*.>Y3*%9&(%,*.&:*%&^++88*.,*%&%#<0&:*>&HR*8,*%&C*+,L.8*35&7#9&3$0/'!0,)!"#9-#&:*28%8*.,&:8*&L#89*.+8<0*&
D#>8+8* & 9*8,:*> & #+9` & K#89*.8% & V+$1$WN & C8,R* & :*9 &!"##$& V+$!-'1$WN & L#89*.+8<0* & [.1OR8,R* & V!-'H+$!-'1$WN&
K.1%$.8%J&V+$!-'0/'W&(%:&[*>#0+8%N&:*.&#(9&:8*9*.&T*.)8%:(%3&0*.Q1.3*0*%:*&/0.1%21+3*.&V+$!-'0&#W&91R8*&
:*99*%&[*>#0+8%N&#++*&R*8,*.*%&M#<02#0.*%&:*9 &!"##$& 8%&:*.&*.9,*%&(%:&JR*8,*%&[*%*.#,81%&V0/'##$& {>|N&
#-'0/'##$& {2|WN&M#<02#0.*%&*8%*9 &!"##$& 8%&:*.&:.8,,*%&(%:&*%,2*.%,*.*%&[*%*.#,81%*%&V$ ){>|N &%&$& {2|W5&78*&
D#>8+8*&0#,&:*.J*8,&2-%2&@*8,*%+8%8*%5
^%:1&ABBc`&Abb
F%3+89<0*&T*.981%`&c
/1<0,*.&1:*.&F%L*+8%&*8%*9&!"##$
F8%*&M#<02#0.8%&8%&:*.&:.8,,*%&1:*.&*8%*.&9$;,*.*%&[*%*.#,81%
Kk908,9(&,*%$#%&%8&L#%9(.(&fo908L8&90#L#838`&0kL1L(901&VABBgW`&c
H(+*,J,&9<08*:&I.8%J*998%&@#f#L1&V:.8,,*9&K8%:&(%:&*8%J83*&/1<0,*.&Q1%&^L808,1&(%:&=8<08L1N&3*)5&6b?bW&
%#<0&80.*.&)-.3*.+8<0*%&X*8.#,&ABBg&#(9&:*.&L#89*.+8<0*%&D#>8+8*&#(9&(%:&+*),&#+9&K(.1:#&@#f#L1&8%&/kLfk5
Ag
:#99&*.&2-%2&"#0.*&'-%3*.&89,N&R-.:*&*8%*&91+<0*&Z*3*+(%3&D.#3*%&#(2R*.2*%N&:8*&)*.*8,9&8>&
H(3*&:*.&I+#%(%3*%&2-.&:#9&*.9,*&3$0/'!0,)!"#9-#&#+9&[*3*%#.3(>*%,*&#%3*2-0.,&R(.:*%`mc&
•
78* & C-.:* & *8%*. & R*8)+8<0*% &!"##$& R-.:* & :(.<0 & :8* & FG89,*%J & *8%*9 & [*>#0+9&
0*.#)3*9*,J, & R*.:*% & V^(23.(%: & :*. & $1$(+;.*%N & '#$#%89<0*% & [*89,*90#+,(%3 & (%:&
91J8#+*.&M1.>*%&R-.:*&*8%*>&=#%%&:*.&T1.J(3&3*3*)*%&R*.:*%W5&
•
7#9&'#$#%89<0*&F.)9f9,*>&)*Q1.J(3,&=;%%*.5&C;.*&:#9&;+,*9,*&K8%:&*8%&=;:<0*%N&
:*> & *8% & '-%3*.*. & "(%3* & 21+3*% & R-.:*N & R-.:* & 10%*08% & :*> & "(%3*% & :*. & T1..#%3&
3*R;0.,&R*.:*%5&
•
7*.&8%&:*%&KY$2*%&:*.&'#$#%89<0*%&\*QY+L*.(%3&Q*.#%L*.,*%&^%98<0,&J(21+3*&0#,,*%&
#++*&)890*.83*%&R*8)+8<0*%&!"##$&*8%*%&$.1Q891.89<0*%&(%:&P%,*.8>9Er0#.#L,*.5&C*8,*.&
21+3,* & :8* & /0.1%21+3* & 8>>*. & :*. & >;%%+8<0*% & F.)+8%8*5 & ^++* & K#89*.8%%*% & R#.*%&
R;0.*%:&80.*.&Z*3*%,9<0#2,&%8<0,&Q*.0*8.#,*,5&F8%*&91+<0*&F.R#.,(%3&#%&*8%*&Z*3*%,8%&
J(&9,*++*%N&R;.*&0*(,J(,#3*&%8<0,&>*0.&J*8,3*>;O5
•
7#9&K8%:&*8%*.&R*8)+8<0*%&!"##$)R-.:*&:*%&M#<0%#>*%&80.*9&[*>#0+9&3*,.#3*%5&78*9&
R-.:*&*8%*%&\.(<0&>8,&:*.&/.#:8,81%&)*:*(,*%5&
•
7*.&[*>#0+&*8%*.&!"##$)LY%%,*&98<0&8%&$1+8,89<0*&[*9<0*0%899*&*8%>89<0*%5
•
^+9&D.#(&:#9&0Y<09,*&^>,&8>&@,##,&8%%*&J(&0#)*%N&R8:*.9$.#<0&:*>&:#>#+9&%1<0&%8<0,&
Q1.0#%:*%*%&D.#(*%R#0+.*<0,5&&
^(<0 & 0*(,* & %1<0 & .*+*Q#%,* & (%: & 9<0+#3L.;2,83* & [*3*%#.3(>*%,* & )*J8*0*% & 98<0 & #(2 & :8*&
(%(%,*.).1<0*%*&>;%%+8<0*&F.)+8%8*&8>&F8%Q*.%*0>*%&>8,&:*>&T1+L&(%:&:8*&/#,9#<0*N&:#99&
R*8)+8<0*%&!"##$&8>>*.&*8%*&$.1Q891.89<0*N&Q1.-)*.3*0*%:*&Z1++*&J(28*+5
^+9&R*8,*.*9&^.3(>*%,&3*3*%&*8%*&R*8)+8<0*&/0.1%21+3*&R(.:*&8>&T*.+#(2&:*.&^(9*8%#%:*.E
9*,J(%3&>8,&:*.&/0*>#,8L&8>>*.&R8*:*.&:8*&!/.#:8,81%4&8>&L1%9*.Q#,8Q*%&U#3*. &3*%#%%,5&
[*>*8%,&89,&:8*&^%39,&Q1.&*8%*>&\.(<0&>8,&:*.&AgBB';0.83*%N&*8%J83#.,83*%&[*9<08<0,*&:*9&
/*%%k,(>9N&:*.&>8,&*8%*>&7f%#9,8*R*<09*+&*8%0*.3*0*%&R-.:*5&^(<0&:8*&^(998<0,N&I.8%J*998%&
^8L1 & LY%%,* & *8%*% &^(9+;%:*. & *0*+8<0*%N & R#9 & *8%*% & %8<0, & .*8%'#$#%89<0*% &/0.1%*.)*% & J(.&
D1+3*&0;,,*N&+8*2*.,&*8%*%&\*8,.#3&J(.&^)+*0%(%3&:*.&R*8)+8<0*%&/0.1%21+3*5&
7# & 8% & :*. & L#89*.+8<0*% & D#>8+8* & V!"##$+"W & %#<0 & '*,J83*> & @,#%: & #(O*. & 80.*> & r1(98% & I.8%J&
X89#08,1&L*8%&K#%:8:#,&Q1.0#%:*%&89,N&:*.&2-.&*8%*&F0*&J(.&789$198,81%&9,-%:*N&L;>*&10%*08%&
%(.&*8% &\-.3*.+8<0*. &#+9&F0*>#%%&(%:&91>8,&#+9&L#89*.+8<0*. &[*>#0+&8%&D.#3*5&^++*8%& :8*&
=Y3+8<0L*8,&*8%*.&91+<0*%&F%,R8<L+(%3&89,&2-.&/.#:8,81%#+89,*%&122*%)#.&*8%*&^.,&.1,*9&/(<05&
^)9<0+8*O*%:&L1>>,&:#9&[.*>8(>&J(&21+3*%:*.&F8%9<0;,J(%3`
mc
Kk908,9(&,*%$#%&%8&L#%9(.(&fo908L8&90#L#838`&0kL1L(901&VABBgW`&g
A?
!F8%*.&K#89*.8%&1:*.&*8%*>&K#89*.&#(9&:*.&R*8)+8<0*%&F.)+8%8*&:*%&C*3&J(&*)%*%N&R;.*&
9*0.&#%3*).#<0,N&(>&:8*&9,#)8+*&D1.,9*,J(%3&:*9&!"##$E@f9,*>9&J(&3*R;0.+*89,*%&(%:&*9&
#+9&@f>)1+&:*.&F8%83L*8,&:*.&=*%9<0*%&8%&H*8,*%&3*9*++9<0#2,+8<0*%&C#%:*+9&J(&98<0*.%N&
R*+<0*9&91&Q8*+*&"#$#%*.&9<0;,J*%54mm
7#>8, & L1>>, & :*. & Z#, & J( & *8%*> & *8%:*(,83*% & F.3*)%89N & :#9 & 8> & @8%%* & :*. & R*8)+8<0*%&
/0.1%21+3*&#(92;++,&(%:&+#%32.89,83&L*8%*%&#%:*.*%&^(9R*3&#(9&:*.&=89*.*&2-.&.*#+89,89<0&0;+,5
78*&@,*++(%3%#0>*%&J(.&/0.1%21+3*&Q1%&9*8,*%&:*.&I.1,#31%89,*%&98%:&Q*.9,;%:+8<0*.R*89*&
;(O*.9,&.#.&3*9;,5&F9&98%:&+*:83+8<0&:.*8&l(O*.(%3*%&:8*9)*J-3+8<0&)*L#%%,5&HR*8&Q1%&80%*%&
9,#>>*%&Q1%&I.8%J&/1>108,1N&*8%*>&r1(98%&^L808,195&F%:*&7*J*>)*.&ABBg&>#<0,&*.&:8*&
.#:8L#+EL1%9*.Q#,8Q*&F8%9,*++(%3&Y22*%,+8<0N&*8%*&P%8,8#,8Q*&2-.&:8*&R*8)+8<0*&/0.1%21+3*&R-.:*&
:*%&^%2#%3&Q1>&F%:*&2-.&:*%&'#$#%89<0*%&@,##,&)*:*(,*%5&X8*.J(&9#3,&*.&R*8,*.N&"#$#%&+8*2*&
[*2#0.N&:*.&g65&@,##,&^>*.8L#9&1:*.&<08%*989<0*9&/*..8,1.8(>&J(&R*.:*%5&^%3*98<0,9&:8*9*.&
:1<0 & .*<0, & Jf%89<0*% & l(O*.(%3*%N & :8* & 8% & :.#9,89<0*. &^., & (%: & C*89* & :8* & F8%9,*++(%3 & (%:&
^.3(>*%,#,81% & :*9 & L1%9*.Q#,8Q*% & U#3*.9 & R8:*.9$8*3*+%N & 89, & >8, & *8%*. & C*.,(%3 & 1:*.&
[*R8<0,9)*8>*99(%3&#++*.:8%39&;(O*.9,&)*0(,9#>&J(&Q*.2#0.*%5
78* & :.8,,* & l(O*.(%3 & ,;,83,* & K.1%$.8%J & M#.(08,1 & 8> & Z#0>*% & :*. & #> & A65 & D*).(#. & ABB?&
9,#,,28%:*%:*% &I.*99*L1%2*.*%J&#%+;99+8<0& 9*8%*9 &d?5&[*)(.,9,#3*9N&%#<0:*>&8>&M1Q*>)*.&
ABBg &:*. &Z#,& 3*)8+:*,*. &I*.9Y%+8<0L*8,*% &-)*. &:#9 & [*9*,J &-)*. &:*%& L#89*.+8<0*% &X#(90#+,&
9*8%*%&^)9<0+(99)*.8<0,&Q*.Y22*%,+8<0,&0#,,*5&^(2&:8*&D.#3*N&R8*&*.&:8*&Z1++*&:*.&L#89*.+8<0*%&
D#>8+8*&(%,*.&\*.-<L98<0,83(%3&:*9&Q*.Y22*%,+8<0,*%&^)9<0+(99)*.8<0,*9&:*9&C*89*%.#,*9&(%:&
:8* & H(L(%2, & 9*8%*. & /1<0,*. & I.8%J*998% & ^8L1 & *8%9<0;,J,N & 38), & *. & 21+3*%:*N & #(9R*8<0*%:*&
^%,R1.,`
!=8.&89,&)*L#%%,N&:#99&:#9&\*.#,(%393.*>8(>&9*8%*%&^)9<0+(99)*.8<0,&Q1.3*+*3,&0#,N&:8*&
P%0#+,*&98%:&>8.&*)*%2#++9&)*L#%%,5&^+9&F+,*.%,*8+&98%:&Q*.9<08*:*%*&78%3*&J(&)*.-<LE
98<0,83*%N&8<0&>Y<0,*&#++*.:8%39&Q1%&R*8,*.*%&K1>>*%,#.*%&^)9,#%:&%*0>*%5&V555W4mb
^)9<0+8*O*%:&91++&*8%*&r0.1%1+138*&8%L+(98Q*&L(.J*.&F.+;(,*.(%3*%&*8%*%&j)*.)+8<L&-)*.&:8*&
$1+8,89<0*%&F.*83%899*&Q*.>8,,*+%`
Ad5&"#%(#.&ABBg`&"#$#%89<0*&Z*38*.(%3&*.R;3,&j)*.+*3(%3*%N&:8*&^:1$,81%&*8%*9&>;%%+8<0*%&
D#>8+8*%>8,3+8*:9&:(.<0&K.1%$.8%J&M#.(08,1&(%:&K.1%$.8%J*998%&=#9#L1&J(J(+#99*%N&(>&*8%*&
/0.1%21+3*L.89* & #)J(R*%:*%5 & ^:1$,8*., & R1.:*% & R;.* & :#9 & =8,3+8*: & *8%*. & *0*>#+83*%&
mm
mb
Kk908,9(&,*%$#%&%8&L#%9(.(&fo908L8&90#L#838`&0kL1L(901&VABBgW`&66
K(%#8<0k&ABB?`&I.*99&r1%2*.*%<*&)f&X89&P>$*.8#+&X830%*99&/0*&r.1R%&I.8%<*&1%&,0*&v<<#9981%&12&X89&
\8.,0:#f5&0,,$`aaRRR5L(%#8<015315'$a$.*99E<.1R%a$.8%<*ABB?50,>+5
Ac
@*8,*%+8%8*&:*.&L#89*.+8<0*%&D#>8+8*N&:8*&6bdc&80.*%&.1f#+*%&@,#,(9&Q*.+1.*%&0#,,*5
M1Q*>)*.&ABBg`&l(O*.(%3&I.8%J&/1>108,19&3*3*%&:8*&R*8)+8<0*&/0.1%21+3*&V98*0*&1)*%W
AB5 & "#%(#. & ABB?`& P> & Z#0>*% & 9*8%*. & ';0.+8<0*% & [.(%:9#,J.*:* & L-%:83, & I.*>8*.>8%89,*.&
K18J(>8 & #%N & :*> & I#.+#>*%, & *8%* & [*9*,J*9Q1.+#3* & J( & (%,*.).*8,*%N & :8* & :8* & R*8)+8<0*&
/0.1%21+3*&*.>Y3+8<0,N&91&:#99&:8*&L#89*.+8<0*&/0.1%21+3*&8%&:*.&H(L(%2,&98<0*.&(%:&9,#)8+&89,5
^%2#%3&D*).(#.&ABB?`&j)*.&6BBB&[*3%*.&:*9&3*$+#%,*%&[*9*,J*9&Q*.9#>>*+%&98<0&8%&/kLfk&
V:#.(%,*.&dB&I#.+#>*%,#.8*.N&Ab&:#Q1%&#(9&K18J(>89&U7IW5&^)3*1.:%*,*.&X8.#%(>#&/#L*1&
21.:*.,`&!78*&Z*38*.(%3&>(99&Q1%&80.*%&T1.0#)*%&#)3*).#<0,&R*.:*%4&(%:&L-%:83,&2-.&=;.J&
*8%*&K(%:3*)(%3&>8,&6B5BBB&7*>1%9,.#%,*%&#%W&
c5&D*).(#.&ABB?`&P>&I#.+#>*%,&,#3*%:*&^)3*1.:%*,*&.*#38*.*%&>8,&9$1%,#%*>&^$$+#(9&#(2&:8*&
M#<0.8<0, & :*. & @<0R#%3*.9<0#2, & K8L195 & ^(O*%>8%89,*. & ^9k & /#.k & V#>,8*.*%:*.&
I.*>8*.>8%89,*.W & >#0%,` & !P% & :8*9*. & @#<0* & :#.2 & y%8<0,9 & -)*.9,-.J,y & R*.:*%54 & \*89,#%: & Q1%&
D8%#%J>8%89,*.&/#%83#L85&K18J(>8&L1%,*.,&>8,&*8%*.&Z*<0,2*.,83(%3`&F.&,.*8)*&%8<0,&J(.&F8+*N&
:*%%1<0&R1++*&*.&>8,&9*8%*.&[*9*,J*98%8,8#,8Q*&21.,2#0.*%5
?5&@*$,*>)*.&ABB?`&l(O*.(%3&K18J(>89&3*3*%-)*.&:*.&I.*99*&:#08%3*0*%:N&:#99&*.&Q1%&:*.&
T1.+#3*&*8%*9&F%,R(.29&J(.&l%:*.(%3&:*9&[*9*,J*9&-)*.&:*%&L#89*.+8<0*%&X#(90#+,&^)9,#%:&
%*0>*%&R*.:*5+
]5 & "#%(#. & ABBc`& K18J(>89 & M#<021+3*. &^)* & *.L+;.,N & :#99 & *. & :8* & S>9*,J(%3 & Q1% & K18J(>89&
I+;%*%&%8<0,&Q1.#%J(,.*8)*%&3*:*%L,5
@*$,*>)*.&ABBc`&^)*9&M#<021+3*.&D(L(:#&e#9(1&*.L+;.,&9*8%*&$198,8Q*&F8%9,*++(%3&3*3*%-)*.&
*8%*.&F8%2-0.(%3&:*.&R*8)+8<0*%&/0.1%21+3*+
1"Y
EH()'&&'+C$()/($4%
F8%3#%39 & 91++ & :*. & #(2 & :*. & 21+3*%:*% & @*8,* & #)3*)8+:*,* & @,#>>)#(> & :8* & >1>*%,#%*&
H(9#>>*%9*,J(%3 & :*. & L#89*.+8<0*% & D#>8+8* & Q*.#%9<0#(+8<0*%5 & M*)*% & :*. & L#89*.+8<0*%&
X#($,+8%8*&38),&*9& :*.J*8,&:.*8& M*)*%+8%8*%N &%;>+8<0&^L8908%1N&/1>108,1 &Q1%&=8L#9#&(%:&
/#L#>#:15 & 7*.& ABB?& 3*)1.*%* & I.8%J & X89#08,1 &#(9 &:*. & U8%8* &^L8908%1 &89, & 08*. &%1<0 & %8<0,&
)*.-<L98<0,83,5&
Am
^))8+:(%3&]`&@,#>>)#(>&:*.&L#89*.+8<0*%&D#>8+8*&8%&80.*.&>1>*%,#%*%&H(9#>>*%9*,J(%3bB&
bB
F%,%1>>*%&#(9`&/1%1>(.#&ABBg`&6]N&%#<0&`&+,#-'./$
Ab
M1<0&8>&"#%(#.&ABB?&L-%:83,*&I.*>8*.>8%89,*.&K18J(>8&:8*&T1.+#3*&*8%*9&[*9*,J*9*%,R(.29&
J(.&l%:*.(%3&:*9 &3$0/'!0,)!"#9-#& R;0.*%:&9*8%*.&Q*.)+*8)*%:*%&^>,9J*8,&#%5&71<0&9<01%&
9*8,&\*L#%%,3#)*&Q1%&I.8%J*998%&K8L19&@<0R#%3*.9<0#2,&^%2#%3&D*).(#.&R(.:*&*9&.(083&(>&
9*8%*&I+;%*5&^>&?5&@*$,*>)*.&R(.:*&I.8%J&X89#08,1&3*)1.*%5&=8,&:*.&F.L+;.(%3&K18J(>89&#>&
c5 & @*$,*>)*. & ABB?N & L*8%* & R*8,*.*% & ^%9,.*%3(%3*% & 08%98<0,+8<0 & *8%*. & Z*Q8981% & :*9&
/0.1%21+3*3*9*,J*9 & J( & (%,*.%*0>*%N & R#.*% & '*3+8<0* & \*9,.*)(%3*% & :#08%3*0*%:N & 913#.&
789L(9981%*%&1:*.&Z*2+*L,8*.(%3*%N&*%:3-+,83&)**%:*,5&^(<0&8%&:*.&'#$#%89<0*%&I.*99*&(%:&
U8,*.#,(. & 98%: & :8* & j)*.+*3(%3*% & (%: & @$*L(+#,81%*% & (> & *8%* & >Y3+8<0* & [*9*,J*9;%:*.(%3&
>1>*%,#%&%#0*J(&QY++83&J(>&F.+8*3*%&3*L1>>*%5&
^(9 & [.-%:*% & :*. & I8*,;, & (%:& :*9 & Z*9$*L,9 & :*. & R*.:*%:*% & =(,,*. & (%:& 80.*9 & [*9(%:0*8,9E
J(9,#%:*9 & 3*3*%-)*. & +8*O & >#% & :8* & ^(9*8%#%:*.9*,J(%3 & >8, & :*> & /0*># & .(0*%5 & =Y3E
+8<0*.R*89*&0#,,*&>#%&#(<0&#(9&:*.&D*0+3*)(.,&K.1%$.8%J*998%&=#9#L19&6bbb&3*+*.%,N&2-.&:8*&
(%,*. & #%:*.*> & :*. & 8> & T1.2*+: & #(93*-),* & 7.(<LN & *8%*% & /0.1%21+3*. & J( & 3*);.*%N & (%: & :8*&
>#998Q*&\*.8<0,*.9,#,,(%3&:*.&=*:8*%&Q*.#%,R1.,+8<0&3*R*9*%&9*8%&91++*%5&
^)3*9*0*%&:#Q1%&0;,,*&I.*>8*.>8%89,*.&K18J(>8&#(23.(%:&9*8%*.&%#0*%:*%&^>,9-)*.3#)*&#%&
^)* &V#> & A?5 & @*$,*>)*. & ABB?W& *8%* & Z*Q8981% & :*9 & [*9*,J*9 & #(<0 & 9*+)9, & 3#. & %8<0, & >*0.&
.*#+898*.*% & LY%%*%5 & ^)* & @08%Jk & R#. & 9*8%*.9*8,9 & %8<0, & :#.#% & 8%,*.*998*.,N & :*.#.,83*&
j)*.+*3(%3*%&Q1.#%J(,.*8)*%5&
v228J8*++&38+,&:8*&D.#3*&(>&*8%*&T1..#%39,*++(%3&)*J-3+8<0&:*.&/0.1%21+3*&JR89<0*%&I.8%J*998%&
^8L1&(%:&I.8%J&X89#08,1&#+9&%1<0&%8<0,&*%:3-+,83&3*L+;.,5&
7*.&Z(2&%#<0&*8%*.&+#%32.89,83*%&(%:&*%:3-+,83*%&UY9(%3&:*9&I.1)+*>9&R8.:&Q1.#(998<0,+8<0&
R8*:*.&8%&9$;,*9,*%9&:.*8O83&"#0.*%N&R*%%&I.8%J&X89#08,1&8%&*8%&0*8.#,92;083*9&^+,*.&L1>>,N&
#L,(*++&R*.:*%5&X8%J(&L1>>,N&:#99&*.9,*%9&+#(,&^.,8L*+&66&:*9&3$0/'!0,)!"#9-#&I.8%J*998%%*%&
#)&*8%*>&^+,*.&Q1%&6g&"#0.*%&:8*&L#89*.+8<0*&D#>8+8*&#(2&*83*%*%&C(%9<0&Q*.+#99*%&LY%%*%b6&
(%:&JR*8,*%9N&:#99&98*&10%*08%&3*JR(%3*%&R;.*%N&:8*&D#>8+8*&)*8&*8%*.&X*8.#,&J(&Q*.+#99*%bA5&
@1++,* & :8*9*9 & i & (%R#0.9<0*8%+8<0*N & #)*. & :*%%1<0 & 8> & \*.*8<0 & :*9 & =Y3+8<0*% & +8*3*%:* & i&
@J*%#.81&8>&D#++*&Q1%&^8L1&(%:&80.*.&R*8)+8<0*%&T*.R#%:,*%&#(9&:*%&@*8,*%+8%8*%&*8%,.*,*%N&
R-.:* & :8*9 & :#9 & (%R8*:*.).8%3+8<0* & F%:* & 3+*8<0 & :.*8*. & :*. & >1>*%,#% & Q8*. & *G89,8*.*%:*%&
@*8,*%+8%8*% & :*. & L#89*.+8<0*% & D#>8+8* & )*:*(,*% & V98*0* & ^))8+:(%3 & ]W5 & ^> & F%:* & :*.&
:f%#9,89<0*%&U8%8*&38),&*9&%;>+8<0&>1>*%,#%&)89&#(2&:*%&I.8%J*%&%(.&=;:<0*%b]5&^(<0&R*%%&
:*.&D#++&8%&:8*9*.&D1.>&Q*.>(,+8<0&%8<0,&*8%,.8,,N&91&Q*.:*(,+8<0,&:8*& @<08+:*.(%3&:1<0&9*0.&
b6
bA
b]
/0*&^:Q891.f&r1(%<8+&1%&,0*&P>$*.8#+&X1(9*&U#R`&/0*&^:Q891.f&r1(%<8+&1%&,0*&P>$*.8#+&X1(9*&U#R&Z*$1.,&
ABBg`&]]
^.,8L*+&6A&:*9&Kk908,9(&,*%$#%`&/0*&^:Q891.f&r1(%<8+&1%&,0*&P>$*.8#+&X1(9*&U#R&Z*$1.,&ABBg`&]]
D('8,#%8&ABBg`&Ac
]B
*8%:.8%3+8<0N&R8*&$.*L;.&:8*&@8,(#,81%&:*.J*8,&89,5&
P%,*.%&R8.:&:8*&C#0+&'*:1<0&Q1.*.9,&#(2&:*%&I.8%J*%&3*2#++*%&9*8%N&912*.%&98<0&#%&:*.&#L,(*++*%&
@8,(#,81%&8%&%#0*.&H(L(%2,&%8<0,&[.(%:+*3*%:*9&;%:*.,5&@1++,*&)*89$8*+9R*89*&K.1%$.8%J*998%&
=#9#L1&R8:*.&F.R#.,*%&%1<0&*8%*%&"(%3*%&J(.&C*+,&).8%3*%N&R-.:*&10%*&HR*82*+&80>&:8*&
Z1++*&:*9&/0.1%21+3*.9&J(2#++*%5
78*&'#$#%89<0*&C1<0*%J*8,9<0.82,&@0oL#%908%<0k&,8,*+,*&#>&b5&vL,1)*.&ABBm`&!D-.&I.8%J*998%&
^8L1 & 89, & :*. & H(3 & #)3*2#0.*%5 & 78* & L#89*.+8<0* &^(9)8+:(%3 & 2-. & I.8%J & X89#08,1 & 0#, & )*.*8,9&
)*31%%*%45bd& M(%&0#%:*+,&*9&98<0&)*8&*8%*.&91+<0*%&H*8,9<0.82,&%8<0,&JR#%39+;(283&(>&*8%*&
R899*%9<0#2,+8<0* & (%: & 91>8, & Q*.,.#(*%9R-.:83* & n(*++*N & :*%%1<0 & 9<0*8%, & :*. & ^.,8L*+ & :8*&
#++3*>*8%&Q*.).*8,*,*&^%%#0>*N&:#99&X89#08,1&:*.&-)*.%;<09,*&!"##$&R8.:N&R8:*.J(9$8*3*+%5&
7*.&0;(283*&C*<09*+&'#$#%89<0*.&I.*>8*.>8%89,*.&91R8*&J#0+.*8<0*&D#L,81%*%&8%%*.0#+)&:*.&
I#.,*8*%&98%:&D#L,1.*%N&:8*&J(.&JY3*.+8<0*%&Z*Q8981%9$1+8,8L&)*8,.#3*%5&S%:&:8*9*9&I0;%1>*%&
)*9<0.;%L,&98<0&%8<0,&%(.&#(2&:*%&\*.*8<0&:*.&/0.1%21+3*5&I.1>8%*%,*.*9&\*89$8*+&89,&:8*&9*8,&
+#%3*. & H*8, & 8>>*. & R8*:*. & :89L(,8*.,* & l%:*.(%3 & :*9 & %*(%,*% & T*.2#99(%39#.,8L*+9bg5 & 78*&
'#$#%89<0*&T*.2#99(%3&89,&9*8,&80.*>&P%L.#2,,.*,*%&%1<0&L*8%&*8%J83*9&=#+&3*;%:*.,&R1.:*%5&
H(>&T*.3+*8<0`&:#9&[.(%:3*9*,J&2-.&:8*&\(%:*9.*$()+8L&7*(,9<0+#%:&R(.:*&9*8,&6bdb&-)*.&
2-%2J83&=#+&.*Q8:8*.,5b?
M#<021+3*%: & R*.:*% & 8% & ^))8+:(%3 & d & :8* & R*8)+8<0*% &!"##$& 8> & K1%,*G, & >#.L#%,*.&
3*9<08<0,+8<0*. & F.*83%899* & JR*<L9 & *8%*. & J(9#>>*%2#99*%:*% & j)*.98<0, & 8% & *8%*. & H*8,+*89,*&
:#.3*9,*++,5&
bd
bg
b?
@0oL#%<08%<0k&Vb56B5ABBmW`&1/-.23456789:;<=.>?3+,-.6@ABC8@5&]65
^.,8L*+&b&*.L+;.,&8>&65&^)9#,J&:*%&T*.J8<0,&#(2&K.8*392-0.(%3&(%:&^%:.10(%3&1:*.&^(9-)(%3&Q1%&[*R#+,&#+9&
=8,,*+&J(.&\*8+*3(%3&8%,*.%#,81%#+*.&@,.*8,83L*8,*%N&8>&A5&^)9#,J&:*%&T*.J8<0,&#(2&S%,*.0#+,&*8%*.&^.>**5&
@8*0*&08*.J(&ZY0+&6b?]`&bm5&F8%*%&j)*.)+8<L&-)*.&:8*&j)*.+*3(%3*%&J(&:8*9*>&^.,8L*+&+8*2*.,&P,kN&M#.(08L1&
VABB?W` &7*.&D.8*:*%9#.,8L*+ &:*.&'#$#%89<0*%&T*.2#99(%3` &D-.&*8%*&C*+,&10%*&K.8*3&(%:&=8+8,;.5&=-%9,*.`&
^3*%:#&T*.+#35&&
T3+5&:8*&P%,*.%*,9*8,*&J(&:*(,9<0*%&T*.2#99(%3*%`&l%:*.8%398%:*G&:*9&[.(%:3*9*,J*9`&
0,,$`aaRRR5Q*.2#99(%3*%5:*a:*a33dbE850,>
]6
^))8+:(%3&d`&H*8,+*89,*&:*.&R*8)+8<0*%&!"##$&8>&K1%,*G,&3*9<08<0,+8<0*.&F.*83%899*bc
bc
F83*%*&7#.9,*++(%3
]A
J"
B'.+*'%7'.(3'4.'($053'+X$%('.*.)%7
P%&:8*9*>&K#$8,*+&3*0,&*9&:#.(>N&*8%*%&F8%)+8<L&8%&:8*&F%,R8<L+(%3&(%:&^9$*L,*&:*.&[*%:*.&
@,(:8*9&J(&3*)*%N&:8*&:#%%&8%&*8%*>&%;<09,*%N&:#.#(2&#(2)#(*%:*%&@<0.8,,&8>&K1%,*G,&:*.&
I.1)+*>#,8L&(>&:8*&R*8)+8<0*&/0.1%21+3*&8%&"#$#%&Q*.,8*2,&R*.:*%5&
J"!
6'*.$;;&$53H'$(Z+*'053$53(&$53'.+E9.$00+)%7+X/)@(0(.DF)%*'%+7'.+A'%7'.+C()7$'0+
7*.&/*.>8%(9&1"#B"(&)*9<0.*8),&Q1.%*0>+8<0&:#9&K1%9,.(L,&:*9&91J81L(+,(.*++*%&[*9<0+*<0,9N&
:#9&8>&K1%,.#9,&J(>&)81+1389<0*%&[*9<0+*<0,&9,*0,5&^+9&)81+1389<0*9&[*9<0+*<0,&R8.:&:8*&
%#,-.+8<0 & )*9,8>>,* & S%,*.9<0*8:(%3 & 8% & !>;%%+8<04 & (%: & !R*8)+8<04 & )*J*8<0%*, & V0"LWN & :#9&
91J81L(+,(.*++*&[*9<0+*<0,&)*9<0.*8),&:#9'*%83*&[*9<0+*<0,N&:#9&)*9,8>>,&R8.:&Q1%&L(+,(.*++&
)*:8%3,*%&T*.0#+,*%9E&(%:&X#%:+(%39R*89*%&V1"#B"(W5&[.(%:+*3*%:&89,&8%&:*%&[*%:*.&@,(:8*9&
:8* &^(23#)*N & :#9 & 91J8#+* & [*9<0+*<0, & (%#)0;%383 & Q1> & )81+1389<0*% & J( & )*,.#<0,*% & (%: & J(&
*.21.9<0*%5&C;0.*%:&:*.&*%3+89<0*&@$.#<03*).#(<0&:(.<0&:8*&7822*.*%J8*.(%3&Q1%&1"#B"(&(%:&
0"L& *8%*&S%,*.9<0*8:(%3&8%&3*3*)*%*9&(%:&3*+*),*9&[*9<0+*<0,&9<0#22,N&L#%%&:8*9&>8,&:*%&
=8,,*+%&:*.&:*(,9<0*%&@$.#<0*&%8<0,&3*+8%3*%5bm&
7(.<0 & :8* & 7822*.*%J8*.(%3 & JR89<0*% &0"L& (%: &1"#B"(& L#%% & *8%* & S%,*.9<0*8:(%3&
JR89<0*%&)81+1389<0*>&(%:&91J8#+*>&[*9<0+*<0,&3*,.122*%&R*.:*%N&:8*&8>&:*(,9<0*%&
@$.#<03*).#(<0&8%&:8*9*.&C*89*&%8<0,&>Y3+8<0&89,5&V555W&7(.<0&:8*&F8%2-0.(%3&:*.&9*GE
3*%:*.EZ*+#,81%&*%,9,*0,&*8%&L(+,(.*++*.&(%:&089,1.89<0*.&Z#0>*%N&8%&:*>&:8*&D.#3*&%#<0&
:*.&K1%9,.(8*.,0*8,&Q1%&[*9<0+*<0,N&9*8&*9&8%&X8%98<0,&#(2&:8*&K#,*31.8*&1"#B"(&1:*.&9*8&
*9&8%&X8%98<0,&#(2&0"LN&-)*.0#($,&*.9,&>Y3+8<0&R8.:5bb
78*&[*%:*.R899*%9<0#2,*% &98%:&*8%*&Q*.3+*8<09R*89*&'(%3*&789J8$+8%5&P0.*%&S.9$.(%3&0#)*%&
98* & 8% & :*% & C1>*%9 & @,(:8*9N & :8* & 9*8, & :*% & cB*. & "#0.*% & :*9 & AB5 & "#0.0(%:*.,9 & Q1. & #++*> & #%&
#>*.8L#%89<0*% & S%8Q*.98,;,*% & $.#L,8J8*., & R(.:*%5 & K1%L.*, & *%,9,#%:*% & 98%: & 98* & #(9 & :*%&
2*>8%89,89<0*%&^%9;,J*%&8%&:*%&@1J8#+R899*%9<0#2,*%5&^(9+Y9*.&R#.&8%&:8*9*>&@8%%*&:8*&K.8,8L&
#% & :*% & 91J8#+*%N & $1+8,89<0*% & (%: & L(+,(.*++*% & \*:8%3(%3*%N & R*+<0* & :8* &^%*.L*%%(%3 & :*.&
[+*8<00*8,&Q1%&=;%%*.%&(%:&D.#(*%&Q*.08%:*.,*%56BB&7*.&)81+1389<0*&S%,*.9<08*:&V0"LW&91++,*&
:(.<0 & :#9 & K1%J*$, &1"#B"(& *.3;%J, & R*.:*%5 & @1 & R(.:* & :*. & \*3.822 &0"L& >8, & ^%#,1>8*N&
bm
bb
6BB
\.#(%&z&@,*$0#%&ABB?`&]
\.#(%&z&@,*$0#%&ABB?`&]Ed
C*9*+f&ABBB`&6g
]]
X1.>1%*% & (%: & I0f981+138* & #991J88*.,N & 3"#B"(& )*J*8<0%*,* & $9f<01+1389<0*N & L(+,(.*++* & (%:&
91+J8#+*&K1%9,.(L,*&(%:&\*:*(,(%3*%56B6& 6bcg&R8*9&:8*&^%,0.1$1+138%&[#f+*&Z()8%&#(2&:8*&
FG89,*%J&:*9&0"LH1"#B"(E@f9,*>9&08%N&:*99*%&\*L#%%,>#<0(%3&*8%*%&R*9*%,+8<0*%&F<L$(%L,&
8%&:*.&F%,R8<L+(%3&:*.&[*%:*.&@,(:8*9&:#.9,*++,5&F9&$.;9*%,8*.,*&*8%&%*(*9&v.:%(%39>(9,*.N&
:#9&:8*&3*9<0+*<0,99$*J8289<0*&7822*.*%J8*.(%3N&:8*&*8%*&2-.&:8*&F%,9,*0(%3&Q1%&[*9*++9<0#2,&
(%:&K(+,(.&122*%)#.&L1%9,8,(,8Q*&v.3#%89#,81%921.>&)8+:*,N&*.L+;.,*56BA& !=8,&:*.&F,#)+8*.(%3&
Q1%&1"#B"(&#+9&^%#+f9*L#,*31.8*&0#)*%&:8*&8>&*%3+89<09$.#<083*%&\*.*8<0&#+9&[*%:*.&@,(:8*9&
)*L#%%,&3*R1.:*%*%&D1.9<0(%39#%9;,J*&:8*&C8.L9#>L*8,&:*.&Z*+#,81%&:*.&[*9<0+*<0,*.&2-.&
:#9&3*9#>,*&[*)8*,&:*.&K(+,(.&0*.Q1.3*01)*%456B]&78*&*.9,*&I0#9*&:*.&[*%:*.&@,(:8*9&R#.&Q1%&
:*. & D.#3* & 3*+*8,*,N& R8*& 98<0& :8* & 8% &:*% &>*89,*%& K(+,(.*% & R*%83*. & #%3*9*0*%* &D.#(*%.1++*&
*.L+;.*% & +8*O5 & F8% & :#>8, & *8%0*.3*0*%:*. & D1.9<0(%393*3*%9,#%: & R#. & :*. & S%,*.9<08*: & Q1%&
M#,(.&(%:&K(+,(.5&F9&R(.:*&*8%*&^(2,*8+(%3&:*.&[*9*++9<0#2,&8%&*8%*%&Y22*%,+8<0*%N&K(+,(.&
9<0#22*%:*% &91R8*& *8%*%& R*%83*.& #%3*9*0*%*%& $.8Q#,*%& \*.*8<0N&R1)*8& D.#(*%& :(.<0&80.*&
[*);.2;083L*8,&(%:&80.*&.*$.1:(L,8Q*&/;,83L*8,&:*>&JR*8,*%&J(3*1.:%*,&R(.:*%N&#%3*9,.*),56Bd&
^+9&Z*9(+,#,&:8*9*.&j)*.+*3(%3*%&R(.:*%&9<0+8*O+8<0&@<0+(9921+3*.(%3*%&8%&D.#3*&3*9,*++,N&
%#<0 & :*%*% & :8* & (%,*.9<08*:+8<0*% & [*9<0+*<0,*..1++*% & #+9 & !%#,-.+8<0*4 & >;%%+8<0* & (%:&
R*8)+8<0*&F83*%9<0#2,*%&:*28%8*.,&(%:&+*38,8>8*.,&R(.:*%56Bg&!7#>8,&R#.&:8*&)*L#%%,*&D1.>*+&
}\81+138*&#+9&@<08<L9#+~&%8<0,&+;%3*.&#(2.*<0,J(0#+,*%546B?
@*8,&:*%&mB*.&"#0.*%&R8.:&%(%&:89L(,8*.,N&8%R8*2*.%&:*.&$0f981+1389<0*&KY.$*.&9*+)9,&9<01%&*8%&
F.3*)%89 & 91J8#+*. & M1.> & 89,6BcN & R1>8, & :8* & [.*%J* & JR89<0*% & %#,(.3*3*)*%*> & (%:&
91J81L(+,(.*++*>&[*9<0+*<0,&3;%J+8<0&#(23*+Y9,&R8.:5&
"(:8,0 &\(,+*.9 &!7#9&S%)*0#3*% &:*.&[*9<0+*<0,*.4 &V6bb6W& 9,*++,&*8% &)*:*(,*%:*9 &C*.L &:*.&
[*%:*.+8,*.#,(.&:#.5&H*%,.#+*&^(99#3*&89,N&:#99&P:*%,8,;,&$*.21.>#,8Q&L1%9,.(8*.,&89,5&7#>8,&9#3,&
98*N&:#99&:8*&[*9<0+*<0,9L#,*31.8*%&!>;%%+8<04&(%:&!R*8)+8<04&%8<0,&Q1%&:*.&M#,(.&)*9,8>>,&
98%:N&91%:*.%&L(+,(.*++&*.9<0#22*%&R*.:*%5&7#:(.<0N&:#99&:*.&=*%9<0&8>>*.&R8*:*.&3*>;O&
:8*9*%&K#,*31.8*%&0#%:*+,N&)*9,;,83,&*.&:8*9*&/0*9*56Bm&&
F8%*&:*.&Q1%&@8>1%*&:*&\*#(Q18.6Bb& 9<01%&Q1.&FG89,*%J&:*. &789J8$+8%&:*.&[*%:*.&@,(:8*9&
6B6
6BA
6B]
6Bd
6Bg
6B?
6Bc
6Bm
6Bb
C*9*+f&ABBB`6?
X12&ABB]`&]]6
X12&ABB]`&]]A
C*9*+f&ABBB` & 6?5 &78*9*9 & =(9,*. &28%:*, & 98<0 & 8%,*.*99#%,*.R*89* & #(<0 & 8> &D.#(*%)8+: &:*9 & K1%2(J8#%89>(9&
R8*:*.5&@8*0*&08*.J(&:8*&R*8,*.*%&^(92-0.(%3*%&#)&@*8,*&dg&8%&:8*9*.&^.)*8,5
C*9*+f&ABBB`&6?
X12&ABB]`&]]6
C*9*+f&ABBB`&6c
\(,+*.&6bb6
F8%&*)*%2#++9&)*:*(,*%:*9&C*.L&:*.&[*%:*.+8,*.#,(.&9,*++,&@8>1%*&:*&\*#(Q18.9&!7#9&#%:*.*&[*9<0+*<0,5&@8,,*&
(%:&@*G(9&:*.&D.#(4&VF.9,#(2+#3*&6bdbW&:#.5&
]d
#(23*9,*++,*%&.8<0,(%39R*89*%:*%&/0*9*%&)*9#3,`&=#%&L1>>,&%8<0,&#+9&D.#(&J(.&C*+,N&>#%&
R8.:&*95&@8*&9,*++,&:#9&2-.&8>>*.&R;0.*%:*&C*8)+8<0*&8%&D.#3*&(%:&$19,(+8*.,&:8*&/0*9*N&:#99&
:8*&L1%Q*%,81%*++*&F0*&(%:&D#>8+8*&#+9&P%9,8,(,81%*%&J(.&S%,*.:.-<L(%3&:*.&D.#(*%&:#.3*9,*++,&
R*.:*%N&:8*&*9&J(&-)*.R8%:*%&38+,5
H( & :*% & #L,(*++*% & 789J8$+8%*% & :*. & [*%:*. & @,(:8*9 & J;0+, & )*89$8*+9R*89* & :#9 & [*%:*.&
=#8%9,.*#>8%35&7*.&/*.>8%(9&)*J*8<0%*,&:#9&H8*+N&:8*&[+*8<09,*++(%3&:*.&[*9<0+*<0,*.&#(2&
#++*% & 3*9*++9<0#2,+8<0*% & (%: & $1+8,89<0*% & F)*%*% & J( & *..*8<0*%566B& P> & [*3*%9#,J & J(>&
D*>8%89>(9&(%,*.9<0*8:*,&*9&98<0&:#.8%N&:#99&)*8:*N&1:*.&#++*&[*9<0+*<0,*.&3+*8<0*.>#O*%&8%&
:8* & K1%J*$,3*9,#+,(%3 & *8%)*J13*% & R*.:*% & 91++*%5 & F8%* & R*8,*.* & Z8<0,(%3 & 8% & :*% & [*%:*.&
@,(:8*9&89,&:*.&^%#+f9*#%9#,J&(%:&\*3.822&718%3&3*%:*.N&:*.&Q1%&r#%:#<*&C*9,&(%:&71%&X5&
H8>>*.>#%&3*$.;3,&R(.:*5666&X8*.&L1>>,&:8*&*.R;0%,*&I*.21.>#%JN&#+91&:#9&!X#%:*+%4&1:*.&
!/(%4&8%&*8%*.&*83*%*%&789J8$+8%&J(>&^(9:.(<L5&=8,&:*>&X*.Q1.0*)*%&:*9&X#%:*+%9&:*9&
[*9<0+*<0,*9 & R8.: & :#9 & #++,;3+8<0* & (%: & 9*+)9,Q*.9,;%:+8<0* &T*.9,;%:%89 & Q1% & [*9<0+*<0, & #+9&
)81+1389<0 & 1:*.& $9f<089<0 &L.8,898*.,5 & 78*&^(22#99(%3N &3*9<0+*<0,99$*J8289<0*9 &T*.0#+,*% & 9*8&
%#,-.+8<0N&38+,&#+9&2#+9<05&7*.&=*%9<0&9*+)9,&,.;3,&:(.<0&9*8%&T*.0#+,*%&8>&^++,#3&J(&*8%*.&
#L,8Q*%&X*.9,*++(%3&:*9&[*9<0+*<0,9&)*85&
@<0+8*O+8<0&%*0>*%&:8*&n(**.&@,(:8*9&*8%*%&3.1O*%&Z#(>&8%%*.0#+)&:*.&[*%:*.&@,(:8*9&*8%5&
@8*&#%#+f98*.*%&9*G(*++*&P:*%,8,;,*%&(%:&)#98*.*%&#(2&:*.&n(**.E/0*1.8*N&:8*&:#Q1%&#(93*0,N&
:#99&3*9<0+*<0,+8<0*&(%:&9*G(*++*&P:*%,8,;,&%8<0,&%#,(.3*3*)*%N&91%:*.%&91J8#+&L1%9,.(8*.,&89,5&
X8*.&R8.:&:8*9*&/0*1.8*&'*:1<0&#(23.(%:&:*.&%8<0,&3*3*)*%*%&Z*+*Q#%J&%8<0,&R*8,*.&Q*.21+3,5
[*%:*.&@,(:8*9&98%:&8>>*.&8%,*.:89J8$+8%;.&(%:&9$8*+*%&91&#(<0&*8%*&*+*>*%,#.*&Z1++*&8%&:*%&
K(+,(.EN&@1J8#+E&(%:&[*9<08<0,9R899*%9<0#2,*%N&(>&%(.&*8%83*&\*89$8*+*&J(&%*%%*%5&X;(283&
R8.: & :*. & \*3.822 & !1"#B"(4 & #(99<0+8*O+8<0 & #991J88*., & >8, & D1.9<0(%3*% & J(> & R*8)+8<0*%&
[*9<0+*<0, & VD.#(*%)*R*3(%3N & \*%#<0,*8+83(%3N & (9R5W5 & P% & K1..*9$1%:*%J & 08*.J( & 2#%: & *8%*&
K1%J*%,.#,81% & :*. & 2.-0*% & [*%:*.21.9<0(%3 & #(2 & *)*% & :8*9*9 & [*)8*,N & .*9(+,8*.*%: & #(9 & :*.&
(%J(+;%3+8<0*% & [+*8<0)*.*<0,83(%3N & 9,#,,5 & F9 & 91++ & '*:1<0 & #(9:.-<L+8<0 & L+#.3*9,*++, & R*.:*%N&
:#99&*9&98<0N&R8*&#++*8%&:*.&C1.,+#(,&Q*.:*(,+8<0,N&(>&:8*&/0*>#,898*.(%3&)*8:*.&[*9<0+*<0,*.&
0#%:*+%&>(995&78*&=;%%*.21.9<0(%3&#+9&789J8$+8%&:*.&[*%:*.&@,(:8*9&89,&'*:1<0&%1<0&R*8,&
R*%83*.&#(93*)#(,&#+9&80.&R*8)+8<0*9&I*%:#%,566A
78* & 08*. & +*8,*%:*N & 3*%:*.)*J13*%* & (%: & :#9 & /0*># & (>9$#%%*%:* & D.#3*9,*++(%3 & 89, & 10%*&
HR*82*+&:8*&D.#3*&%#<0&:*.&[+*8<0)*.*<0,83(%3&:*.&D.#(5&P>&K1%,*G,&:*.&[*%:*.&@,(:8*9&+8*3,&
66B
666
66A
C*9*+f&ABBB`&cbEmA
@8*0*&08*.J(&:*%&3.(%:+*3*%:*%&^.,L*+&Q1%&r#%:#<*&C*9,&(%:&71%&X5&H8>>*.>#%&V6bmcW`&!718%3&[*%:*.45&
P%`&[*%:*.&z&@1<8*,fN&6bmc&V6WN&@5&6AgE6g6
F8%*&F8%2-0.(%3&8%&:8*&=;%%*.21.9<0(%3&38),&:8*&I()+8L#,81%&!K.8,89<0*&=;%%*.21.9<0(%35&M*(*&^%9;,J*&8%&
:*.&[*9<0+*<0,*.,0*1.8*54&Q1%&\#(@,*8%*=;%%*.&VX.935W&V6bb?W5
]g
:8* & ^%%#0>* & %#0*N & :#99 & #(<0 & :#9 & R*8)+8<0* & [*9<0+*<0, & 8% & \*J(3 & #(2 & :8* & /0.1%21+3*&
91J81L(+,(.*++&L1%9,.(8*.,&89,&(%:&:8*&D.#(&8%&:8*&80.&J(3*:#<0,*&Z1++*&3*:.;%3,&R8.:N&R#9&*8%*&
R*8)+8<0*&/0.1%21+3*&9<0*8%)#.&(%>Y3+8<0&R*.:*%&+;99,5&
J"1
A'%7'.+C()7$'0+$F+P4%('[(+7'.+8'$9&$53'%+>3.4%;4&*'+$%+Q/@/%
P> & H(3* & :*. & \*9<0;2,83(%3 & >8, & :*. & D.#3* & :*. & R*8)+8<0*% &!"##$& 8% & T*.)8%:(%3 & >8, & :*%&
[*%:*.R899*%9<0#2,*%&R(.:*%&*8%83*&8>&T1.2*+:&J(&)*.-<L98<0,83*%:*&D#L,1.*%&98<0,)#.5
v)R10+&:8*&K1>)8%#,81%&:*.&'#$#%89<0*%&/0.1%21+3*$.1)+*>#,8L&>8,&:*.&R899*%9<0#2,+8<0*%&
K1>$1%*%,*&:*.&[*%:*.&@,(:8*9&#(2&:*%&*.9,*%&\+8<L&9*0.&%#0*+8*3,N&+8*O*%&98<0&21+3*%:*&
j)*.+*3(%3*%&#+9&\#989&2-.&:8*&#%9<0+8*O*%:*&R899*%9<0#2,+8<0*&^.)*8,&%8<0,&Q*.>*8:*%`&
65&:8*&/#,9#<0*N&:#99&:8*&[*%:*.&@,(:8*9&80.*&S.9$.-%3*&8%&:*%&cB*.&"#0.*%&8%&:*%&S@^&0#)*%&
(%:&98<0&Q1%&:1.,&#(9&8%&F(.1$#&R*8,*.*%,R8<L*+,&0#)*%`&78*&*+*>*%,#.9,*%&/0*1.8*%&R(.:*%&
8% & R*9,+8<0*% & K(+,(.L.*89*%66]& *%,R8<L*+,N & 91:#99 & *8%*& (%.*2+*L,8*.,* & j)*.,.#3(%3 & #(2 & :*%&
'#$#%89<0*%&K(+,(.L.*89&%8<0,&J(+;9983&89,5
A5&:8*&J*8,+8<0*&S%Q*.*8%)#.L*8,&Q1%&\*,.#<0,(%3&(%:&^%#+f9*&Q1%&[*9<0*0%899*%N&:8*&98<0&
,*8+R*89* & 8% & :*. & R*8, & J(.-<L+8*3*%:*% & [*9<08<0,* & #)3*9$8*+, & 0#)*%N & R;0.*%: & :8* & [*%:*.&
@,(:8*9&+*:83+8<0&*8%*%&)*3.*%J,*%&H*8,.#(>&:*9&Q1.83*%&"#0.0(%:*.,9&#):*<L*%5&
\*8:* & K1>$1%*%,*% & LY%%*% & %8<0, & 10%* & R*8,*.*9 & Q*.*8%, & R*.:*%N & :# & 3.(%:+*3*%:&
(%,*.9<08*:+8<0*&3*9*++9<0#2,+8<0*&Z#0>*%)*:8%3(%3*%&0*..9<0,*%5
•
[*%:*. & @,(:8*9 & 98%: & %(. & )*:8%3, & (%: & %8<0, & 10%* &C*8,*.*9 & #(2 & :8* &/0.1%21+3* & "#$#%9&
#%R*%:)#.N &:# & :8* &C(.J*+% &:*. & D.#3*9,*++(%3 & %8<0, & 8%& :*. &[*3*%R#.,N & 91%:*.% & 8% & :*.&
T*.3#%3*%0*8,&+8*3*%5&F.*83%899*&9$8*+,*%&98<0&#)&(%:&F%,9<0*8:(%3*%&R(.:*%&3*2;++,&8%&
*8%*.&H*8,N&J(&:*.&*9&:8*&[*%:*.&@,(:8*9&%1<0&%8<0,&3#)5&P%912*.%&98%:&*8%&:8.*L,*.&/.#%92*.&
8%&:8*&[*9<08<0,*&1:*.&*8%*&^%#+f9*&>8,&#L,(*++*%&^%#+f9*>*,01:*%&%8<0,&>Y3+8<05
•
^(O*.:*> & 89, & :8* & =*,01:* & %(. & )*:8%3, & #%R*%:)#.N & R*8+ & :8* & [*%:*. & @,(:8*9&
#>*.8L#%89<0*% & S.9$.(%39 & 98%: & (%: & *9 & 98<0 & 08*. & (> & [*9*++9<0#2,*% & (%,*.9<08*:+8<0*.N&
%8<0,&>8,*8%#%:*.&Q*.3+*8<0)#.*.&K(+,(.L.*89*&0#%:*+,5&P%&^98*%&98%:&:8*&[*%:*.&@,(:8*9&
%8<0,&8%&:*>&=#O*&$1$(+;.N&R8*&*9&8%&^>*.8L#&(%:&F(.1$#&:*.&D#++&89,5
78*&[*%:*.&@,(:8*9&LY%%*%&#+91&8%&80.*.&[*9#>,0*8,&%8<0,&*8%9&J(&*8%9&#(2&:8*&T*.0;+,%899*&8%&
66]
!K(+,(.L.*89*&)*9<0.*8)*%&*8%*&3*13.#289<0*&Z*381%N&:*.*%&=8,3+8*:*.%&:8*&3+*8<0*&1:*.&*8%*&;0%+8<0*&K(+,(.&
J(3*9<0.8*)*% & R8.:54 & M#<0 & X(%,8%3,1% & R*.:*% & 91R10+ & F(.1$# & (%: & :8* & S@^ & #+9 & #(<0 &^(9,.#+8*% & #+9&
!R*9,+8<0*4&K(+,(.L.*89*&:*28%8*.,5&VX(%,8%3,1%&6bbmW5&P>&Z#0>*%&:8*9*.&^.)*8,&)*J8*0,&98<0&:*.&/*.>8%(9&
!R*9,+8<04&#)*.&#(99<0+8*O+8<0&#(2&F(.1$#&(%:&:8*&S@^5&@8*0*&#(<0&X(%,8%3,1%N&@#>(*+&I5&6bbm`&/0*&r+#90&
12&r8Q8+89#,81%9&#%:&,0*&Z*>#L8%3&12&C1.+:&v.:*.5&M*R&e1.L`&@8>1%&z&@<0(9,*.5
]?
"#$#% & -)*.,.#3*% & R*.:*%5 & C8* & )*.*8,9 & 8% & :*. & F8%+*8,(%3 & 9L8JJ8*.,N & 89, & :*. & /.#%92*.&
3*%:*.,0*1.*,89<0*. & F.L*%%,%899* & #(2 & :8* & @1J8#+9,.(L,(. & (%: & :8* & [*9<08<0,* & "#$#%9 & %(.&
)*:8%3,&>Y3+8<05&78*9*&I.1)+*>#,8L&89,&3.(%:9;,J+8<0&8>&\+8<L&J(&)*0#+,*%N&R*%%&98*&#(<0&2-.&
:8*&%#<021+3*%:*&S%,*.9(<0(%3&L*8%*&(%>8,,*+)#.*&Z*+*Q#%J&*%,2#+,*,5
v0%*&HR*82*+&9$8*+*%&:8*&[*%:*.&@,(:8*9&*8%*&3.1O*N&R*%%&%8<0,&3#.&J*%,.#+*&Z1++*&2-.&:*%&
08*.&)*0#%:*+,*%&/0*>*%L1>$+*G&8>&X8%)+8<L&#(2&:8*&[.-%:*N&#(9&:*%*%&*8%&^(99<0+(99&:*.&
R*8)+8<0*%&/0.1%21+3*&*.21+3,*5&@(<0,&>#%&%#<0&*8%*.&3**83%*,*%&@<0%8,,9,*++*&:*9&/0*>#9&
!R*8)+8<0*&/0.1%21+3*&8%&"#$#%4&91R8*&9*8%*.&J(&)*.-<L98<0,83*%&D#<*,,*%&>8,&:*%&[*%:*.&
@,(:8*9N&91&R8.:&:*(,+8<0N&:#99&*9&%8<0,&%(.&*8%*&*8%J83*&Z8<0,(%3&:*.&[*%:*.&@,(:8*9&38),&(%:&
3*)*%&L#%%N&Q8*+>*0.&Q*.*8%83,&:8*&D.#3*&%#<0&:*.&'#$#%89<0*%&/0.1%21+3*&:8Q*.9*&^9$*L,*&
Q*.9<08*:*%*. &[*%:*.L#,*31.8*% & (%:N& R8*& 08*.N & :8* &I1+8,8LE & (%: & [*9<08<0,9R899*%9<0#2, & 8%&
98<05 &^(9 & :8*9*>& [.(%:& 3*9<08*0, & :8* & \*,.#<0,(%3 & :*9 & @#<0Q*.0#+,*9 & %8<0, & %(. & #(9 & *8%*.&
I*.9$*L,8Q*&0*.#(95&F9&R*.:*%&#+91&3*J8*+,&*8%83*&.*+*Q#%,*&^%9#,J$(%L,*&#(9&:*%&[*%:*.&
@,(:8*9 & 0*.#(93*28+,*., & (%: & >8, & /0*1.8*% & #(9 & Z*+8381%N & [*9<0+*<0,*.R899*%9<0#2, & (%:&
@1J81+138*&Q*.L%-$2,5
78* & R*8)+8<0* & /0.1%21+3*& 9,.*82, & 91R10+ & L(+,(.R899*%9<0#2,+8<0* & #+9 & #(<0 &91J8#+R899*%E
9<0#2,+8<0*&K#,*31.8*%&:*.&[*%:*.21.9<0(%35&
P%&"#$#%&9*+)9,&98%:&:8*&[*%:*.&@,(:8*9&R8*&*.R;0%,&9<0R;<0*.&#(93*$.;3,5&HR#.&Q1++J13*%&
98<0&:8*&L+#9989<0*%&C*++*%&:*.&D.#(*%)*R*3(%3&#(<0&8%&"#$#%66dN&*8%*&8%,*%98Q*N&L.8,89<0*&
(%:&#(2&).*8,*.&\#989&9,#,,28%:*%:*&R899*%9<0#2,+8<0*&\*,.#<0,(%3&:*9&I0;%1>*%9&(%:&9*8%*.&
C*8,*.*%,R8<L+(%3N & R8* &98* &8% &^>*.8L# & (%:& 9$;,*. &#(<0 & 8% &F(.1$# & )*,.8*)*% & R(.:*N & 38%3&
'*:1<0&%8<0,&:#.#(9&0*.Q1.566g&7#9&,f$89<0&R*8)+8<0*N&J(.-<L0#+,*%:*&P:*#+)8+:&:*.&'#$#%89<0*%&
D.#(N&80.*&@*+)9,8:*%,828L#,81%&(%:&:#9&X8%*8%2-3*%&:*.&D.#(*%&8%&:8*&80%*%&J(3*:#<0,*&Z1++*N&
:8*&:8*9*&#(<0&L#(>&8%&D.#3*&9,*++*%N&).*>9,&:8*&F%,R8<L+(%3&'#$#%89<0*.&[*%:*.&@,(:8*95&78*&
Z1++*&:*.&D.#(&R8.:&9<0+8*O+8<0&%8<0,&3;%J+8<0&8%&D.#3*&3*9,*++,5&&^(<0&#(9&:8*9*>&[.(%:&+8*3,&
:*.&@<0R*$(%L,&:*.&^(9*8%#%:*.9*,J(%3&>8,&:*%&#(2&"#$#%&)*J13*%*%&3*%:*.,0*1.*,89<0*%&
\*+#%3*%&8>&Z#0>*%&:8*9*.&^.)*8,&*0*.&#(2&:*>&*(.1$;89<0E#>*.8L#%89<0*%&\+8<LR8%L*+5&
\*8&:*.&\*,.#<0,(%3&:*9&'#$#%89<0*%&D*>8%89>(9&>(99&#)*.&#(<0&:*.&K1%,*G,&:*.&'#$#%89<0*%&
66d
66g
78*&*.9,*&C*++*&Q1++J13&98<0&8%&*,R#&J*8,3+*8<0&>8,&:*.&8%&F(.1$#&(%:&:*%&S@^N&#+91&J(&\*38%%&:*9&AB5&
"#0.0(%:*.,9N & 8% & :*. & :8* & [+*8<09,*++(%3 & :*. & D.#( & (%: & :#>8, & *8%0*.3*0*%: & :8* & 7(.<09*,J(%3 & :*.&
=*%9<0*%.*<0,* & 8> &^++3*>*8%*% & 3*21.:*., & R(.:*5 & 78* & !%*(*4 & D.#(*%)*R*3(%3 & 9*8, & :*% & 6b?B*. & "#0.*%&
*%,9,#%:&Q1.&:*>&X8%,*.3.(%:&:*.&@,(:*%,*%)*R*3(%3*%&(>&6bcB&(%:&:(.<0&:8*&F.L*%%,%89N&:#99&98<0&,.1,J&
:*9&[*9*,J*9&#(2&[+*8<0)*.*<0,83(%3N&:#9&*9&9*8,&6bdc&3#)N&%8<0,9&#%&:*%&08*.#.<089<0*%&@,.(L,(.*%&8>&U#%:&
3*;%:*.,&0#,5&^)&*,R#&6bbg&21+3,&:*.&F8%)*J(3&:*9&/0*>#9&[*9<0+*<0,&(%:&S%3+*8<00*8,5&
F8%*&F8%2-0.(%3&8%&:8*&'#$#%89<0*%&[*%:*.&@,(:8*9&3*)*%& P,k&K8>81t&K(%8%1)(&"(%L1&z&K8>(.#&=8%1.8&
VABBAW`&"19*83#L(N&:#%9*83#L(5&[*%:##.1%&%fo>1%5&/kLfk`&eo08L#L(5&^(O*.:*>&98*0*&08*.J(&:*%&j)*.)+8<L&
-)*.&:8*&'#$#%89<0*%&C1>*%y9&@,(:8*9&Q1%&=81L1&D('8*:#&(%:&K(>8L1&D('8>(.#ED#%9*+1R&V6bbgW`&C1>*%y9&
@,(:8*9`&^%&vQ*.Q8*R5
]c
K(+,(. & )*.-<L98<0,83, & R*.:*%N & :*. & :#0*. & 8% & Q*.9<08*:*%*. & X8%98<0, & Q1> & *(.1$;89<0*%&
D*>8%89>(9 & #)R*8<0,5 & 7*. & 8%:8Q8:(*++* &^L,8Q89>(9 & R8.: & 8% & "#$#% & J(3(%9,*% & #++3*>*8%*%&
91J8#+*% & D1.,9<0.8,,9 & (%: & :*. & *8%Q*.%*0>+8<0*% & F%,9<0*8:(%3928%:(%3 & %8<0, & $.#L,8J8*.,5&
^L,8Q89>(9 & .8<0,*, & 98<0 & *0*. & #(2 & L1%L.*,* & I.1)+*>*N & R8* & )*89$8*+9R*89* & :8* & 7*)#,,* & (>&
H(3R#331%9N & :8* & #(99<0+8*O+8<0 & Q1% & D.#(*% & )*%(,J, & R*.:*%566?& F8%83* & /0*>*%N & :8* & :*%&
R*9,+8<0*% & D*>8%89>(9 & )*R*3*%N & R8* &)*89$8*+9R*89* &:*. &K#>$2 & 3*3*% &T*.3*R#+,83(%3*%N&
0#)*% & 8% & :*. & Q*.3+*8<09R*89* & 3*R#+,#.>*% & '#$#%89<0*% & [*9*++9<0#2, & R*%83*. & \*:*(,(%35&
H(9#>>*%2#99*%:&89,&:8*&D.#(*%)*R*3(%3&8%&"#$#%&8>&T*.3+*8<0&J(&R*9,+8<0*%&K(+,(.L.*89*%&
8>&AB5&"#0.0(%:*.,&9<0R;<0*.&#(93*$.;3,&3*R*9*%5
L"+
E.*)F'%('+*'*'%+7$'+8'$9&$53'+>3.4%;4&*'+/&0+*'%7'.(3'4.'($053'+I'.0@'H($:'
78*&8%&K#$8,*+&A5g&V98*0*&@*8,*&ABW&3*9#>>*+,*%&[.-%:*N&:8*&3*3*%&*8%*&R*8)+8<0*&/0.1%21+3*&
9$.*<0*%N & +#99*%&98<0 &3.1)& 8% &JR*8&[.($$*%&J(9#>>*%2#99*%` & J(>& *8%*%&*8%* & #++3*>*8%*&
^)%*83(%3 & 3*3*% & *8%* & D.#( & #+9 & @,##,91)*.0#($, & V)*3.-%:*, & >8, & :*. & J( & *.0#+,*%:*%&
(%(%,*.).1<0*% & $#,.8+8%*#.*% & F.)21+3*WN & J(> & #%:*.*% & *8%* & '#0.0(%:*.,+#%3* & (%: & 8% & :*.&
@,##,9$08+191$08*&>#%82*9,8*.,*& F%,R8<L+(%3&#(2&:*>& [*)8*,&:*.& Z*+8381%N&:8*& 98<0&8%&:*.&
T*.>*8:(%3&*8%*.&R*8)+8<0*%&/0.1%21+3*&;(O*.,5
HR#.&R*.:*%&Q1%&:*>&Z#,&3*)8+:*,*.&I*.9Y%+8<0L*8,*%&-)*.&:#9&[*9*,J&-)*.&:*%&L#89*.+8<0*%&
X#(90#+,&#+9&2-.&:8*&0*(,83*&H*8,&.*+*Q#%,&%(.&%1<0&JR*8&*.%9,J(%*0>*%:*&[*3*%#.3(>*%,*&
3*%#%%,N&*9&L#%%&'*:1<0&:#Q1%&#(93*3#%3*%&R*.:*%N&:#99&:8*&[.-%:*N&:8*&)*8&:*.&F.9,*++(%3&
:*9 &3$0/'!0, ) !"#9-#& Q1% & 6mmb & Q1% & \*:*(,(%3 & R#.*%N & )89 & 8% & :8* & #L,(*++* & 7*)#,,* & 08%*8%&
%#<0R8.L*%&(%:&*)*%91&*8%*&%8<0,&J(&Q*.%#<0+;9983*%:*&Z1++*&9$8*+*%5
P> & D1+3*%:*% & R*.:*% & :.*8 & :8*9*. &^.3(>*%,#,81%9L1%9,.(L,* & 2-. & :8* & F.L+;.(%3 & :*9 & M8<0,E
H(9,#%:*L1>>*%9 & :*. & R*8)+8<0*% & /0.1%21+3* & 0*.#%3*J13*% & (%: & Q1.#) & 8% & *8%*> & @<0*>#&
:#.3*9,*++,5&
66?
^+9 & Z*#L,81% & #(2 & :#9 & 8% & "#$#% & Q1.L1>>*%:* & I0;%1>*% & :*9 &./'+-# )VRY.,+8<0 & -)*.9*,J,` & @8,,+8<0L*8,9E
Q*.).*<0*.N & T*.).*<0*. & 1:*. & /.8*),;,*.N & @f%1%f> & 2-. & ![.#$9<0*%4 & 1:*. & !@*G(*++* & \*+;9,83(%34W5 & F9&
)*J*8<0%*,&*8%*&D1.>&:*.&9*G(*++*%&\*+;9,83(%3N&R*+<0*&98<0&:(.<0&:#9&(%98,,+8<0*&\*.-0.*%&Q1.%*0>+8<0&8%&
:*.&F%3*&'#$#%89<0*.&I*%:+*.J-3*&#(9J*8<0%*,5&
]m
^))8+:(%3&g`&/0*1.*,89<0*9&=1:*++66c
]b
7#J(&89,&J(&9#3*%N&:#99&:8*9*&:.*8&^.3(>*%,*&i&R8*&'#&)*.*8,9&#(93*2-0.,&i&%8<0,&:8*&*8%J83*%&
98%:N&#++*.:8%39&)8*,*%&98*&#:;x(#,*&\*89$8*+*N&(>&:8*&@<0R8*.83L*8,*%&)*8&:*.&F,#)+8*.(%3&:*.&
R*8)+8<0*%&/0.1%21+3*&J(&Q*.>8,,*+%5&
L"!
>./7$($4%+7'.+\$%$'%(.')'+/)0+C$53(+7'.+>3'4.$'%+7'0++++++++++++++++++++++++++++++
C'[$0F)0Z+T/00$0F)0+)%7+P&/00$0F)0++
P> & X8%)+8<L & #(2 & :8*9*% & ^)9<0%8,, & 89, & :#9 & =1:*++ & :*9 & L#89*.+8<0*% & @,#>>)#(>9 & J(.&
T*.:*(,+8<0(%3 &:*.&>;%%+8<0*% &(%:& R*8)+8<0*% &F.)+8%8*& *.%*(,&0*.#%J(J8*0*%& V98*0*&@*8,*&
A6W5&P%&:*.&Z*80*&:*.&^.3(>*%,*N&:8*&3*3*%&*8%*&R*8)+8<0*&/0.1%21+3*&9$.*<0*%N&89,&:#9&:*.&
F.0#+,(%3&:*.&F.)21+3*&8%&:*.&(%(%,*.).1<0*%*%&>;%%+8<0*%&U8%8*&*8%*9&:*.&9<0+#3L.;2,839,*%&
(%:&>*89,&:89L(,8*.,*%566m&78*9*9&+8*O*&*8%*&D.#(&#(2&:*>&!"##$E/0.1%&%8<0,&J(N&:*%%&08*.>8,&
R-.:* & (%R*83*.+8<0 & *8% & \.(<0 & >8, & :*. & 9*8, & -)*. & *8%,#(9*%: & "#0.*% & )*9,*0*%:*% &/.#:8,81%&
*8%0*.3*0*%566b&
P>&D#++*&)890*.83*.&R*8)+8<0*. &!"##$ )R#.*%&:8*9*&j)*.+*3(%3*%&8..*+*Q#%,N&:#&*9&98<0&'#&(>&
P%,*.8>9.*3*%,8%%*%&0#%:*+,*N&:8*&#++*&L*8%*&M#<0L1>>*%&0#,,*%N&R*+<0*&:8*&=#<0,&0;,,*%&
-)*.%*0>*%&LY%%*%5&@1&L1%%,*&:8*&>;%%+8<0*&U8%8*&21.,3*2-0.,&R*.:*%N&8%:*>&#%9<0+8*O*%:&
:*.&08*.2-.&Q1.3*9*0*%*&/0.1%21+3*.&V#(9&:*.&>;%%+8<0*%&U8%8*W&:*%&/0.1%&)*9,8*35&
F8%* & 91+<0* & X#%:0#)(%3 & R;.* & 0*(,* & #++*.:8%39 & %8<0, & >*0. & $.#L,8L#)*+N & :#N & R8* & )*.*8,9&
#%3*9$.1<0*%N & 3*3*%R;.,83* & (%: & #++3*>*8%3-+,83* & U*)*%9>(9,*. & (%: & E$+#%(%3*% & 3;%J+8<0&
Q1%&089,1.89<0*%&#)R*8<0*%5& @1&R*.:*%&>1:*.%*&R*8)+8<0* &!"##$& :*%&)*.*<0,83,*%&C(%9<0&
0#)*%N&0*8.#,*%&J(&LY%%*%&(%:&K8%:*.&J(&)*L1>>*%5&
78* &^(9)8+:(%3 & :*. & I#,.8+8%*#.8,;, & L1%%,* & 98<0 & *.9,& >8, & :*. &T1.>#<0,9,*++(%3 & :*9 & =#%%*9&
*%,R8<L*+%5 & T*.#%,R1.,+8<0 & 2-. & :*% & C#%:*+ & J(. & $#,.8#.<0#+*% & [*9*++9<0#2, & R#. & :8*&
J(%*0>*%:*&/*8+%#0>*&:*9&=#%%*9&#%&:*.&U#%:R8.,9<0#2,56AB& 78*&F%,9,*0(%3&$#,.8+8%*#.*.&
[*9*++9<0#2,99f9,*>*&(%:&>;%%+8<0&:1>8%8*.,*.&X*..9<0#2,99f9,*>*&Q*.+8*2&X#%:&8%&X#%:5&P%&
"#$#%&89,&:#9&@f9,*>&:*.&I#,.8+8%*#.8,;,&8%&T*.)8%:(%3&>8,&:*>&'"E@f9,*>&J(&9*0*%5&CY.,+8<0
66c
66m
66b
6AB
F83*%*&7#.9,*++(%3
Kk908,9(&,*%$#%&%8&L#%9(.(&fo908L8&90#L#838`&0kL1L(901&VABBgW`&dEgt&^%:1&6bbc`&Abt&^%:1&VABBcW`&]B6&
78*&^.3(>*%,#,81%&>8,&!/.#:8,81%4&89,&)*J8*0(%39R*89*&R#.&*8%&9*0.&$.;9*%,*.&(%:&#(<0&8%,*.*99#%,*.&^9$*L,&
8%&:*.&/0.1%21+3*:89L(9981%5&P%&:8*9*>&H(9#>>*%0#%3&*.3*)*%&98<0&D.#3*%&%#<0&7*28%8,81%&(%:&\*:*(,(%3&
:*.&/.#:8,81%N&8%9)*91%:*.*&2-.&"#$#%5&@<0+8*O+8<0&9<0*8%,&80.&3*.#:*&8>&X8%)+8<L&#(2&:8*&/0.1%21+3*&*8%*&
#(O*.1.:*%,+8<0*&Z1++*&J(J(L1>>*%5&^(23.(%:&:*.&K1>$+*G8,;,&:*9&K(+,(.)*3.822&(%:&9*8%*.&T*.2+*<0,(%3&
>8, & *99*%,8*++*% & K#,*31.8*% & R8* & )*89$8*+9R*89* & :*% & K(+,(.R899*%9<0#2,*% & 91++ & #(2 & *8%* & 8%,*%98Q*&
^(9*8%#%:*.9*,J(%3&>8,&:8*9*>&[*98<0,9$(%L,&Q*.J8<0,*,&R*.:*%5&H(.&/.#:8,81%&98*0*&J(>&\*89$8*+&@#>(*+&
M5&F89*%9,#:,`&/.#:8,81%N&C#%:*+&(%:&=1:*.%8,;,&V6bcbW5
[Y99>#%%&6bbB`&6g
dB
-)*.9*,J,&)*:*(,*, &'"& !X#(94N&!D#>8+8*4&1:*.&!X#(90#+,4N&9*8%&@8%%3*0#+,&3*0,&'*:1<0&R*8,&
-)*.&:8*9*&\*3.822*&08%#(95&F.&R8.:&#+9&:#(*.0#2,*&P%9,8,(,81%&Q1%&:*.&T*.3#%3*%0*8,&)89&8%&:8*&
H(L(%2,N & (%#)0;%383 & Q1% & [*)(., & (%: & /1: & 9*8%*. & =8,3+8*:*. & #(23*2#99,5 & !P> & *8%J*+%*%&
)*:*(,*,* & :#9 & L1%2(J8#%89<0* & @f9,*> & *8%* & $#,.8#.<0#+89<0* & D#>8+8*%9,.(L,(. & #(2 & :*.&
[.(%:+#3* & :*9 & @*%81.8,;,9$.8%J8$9t & :#>8, & Q*.)(%:*% & R#.*% & :#9 & I.8%J8$ & :*. & I.8>13*%8,(.N&
%8*:.83*.&@,#,(9&:*.&D.#(&V)*91%:*.9&:*.&@<0R8*3*.,1<0,*.WN&[*01.9#>&:*.&K8%:*.&3*3*%-)*.&
:*%&F+,*.%N&^0%*%Q*.*0.(%3&(%:&:8*&D1.:*.(%3N&:8*&D#>8+8*&:(.<0&>;%%+8<0*&M#<0L1>>*%&
V1:*.&:(.<0&^:1$,81%W&21.,J(9*,J*%5&78*&2#>8+8#+*%&\*J8*0(%3*%&R#.*%&:(.<0&T*.$2+8<0,(%3*%&
3*3*%-)*.&:*.&@,#>>2#>8+8*&3*.*3*+,546A6
!7*.&C*<09*+&8%&:*.&^)9,#>>(%3921+3*&Q1%&:*.&R*8)+8<0*%&#(2&:8*&>;%%+8<0*&U8%8*&
)*9<0+*(%83,* & :8* & F%,R8<L+(%3 & :*. & @()1.:8%#,81% & :*. & D.#(5 & =8, & :*> & \*9,.*)*%N & :8*&
X*..9<0#2,&J(&9,#)8+898*.*%&(%:&98*&#(2&7#(*.&J(&98<0*.%N&R8.:&%(%&*8%&Z*<0,99f9,*>&
2*9,3*+*3,N & :#9 & :*% & I#,.8#.<0#,*% & J(98<0*.,N & %8<0, & %(. & =#<0, & (%: & \*98,J & J( & 01.,*%N&
91%:*.%&#(<0&:8*9*&^)9,#>>(%3921+3*&:*.&>;%%+8<0*%&U8%8*&J(&+*38,8>8*.*%t&V555W46AA
\89&J(&:8*9*>&H*8,$(%L,&R#.*%&:8*&Q;,*.+8<0*&(%:&>-,,*.+8<0*&U8%8*&8%&:*.&/#,&R*8,3*0*%:&
3+*8<0)*.*<0,83,5&D.#(*%&%#0>*%&*8%*%&:(.<0#(9&R8<0,83*%&I+#,J&8>&Y22*%,+8<0*%&U*)*%&*8%&
(%:&$.;3,*%&:8*&L(+,(.*++*&F%,R8<L+(%3&8%&:*.&X*8#%EH*8,56A]&@8*&R#.*%&)*2(3,N&.*#+*%&\*98,J&
J( & Q*.R#+,*% & (%: & R*8,*.J(3*)*%5 & P> & [*3*%9#,J & J(> & P:*#+ & :*. & <08%*989<0 & )**8%2+(99,*%&
T1.9<0.82,*%&L1%%,*%&98*&913#.&:8*&I2+8<0,*%&*8%*9&X#(90*..%&#(9-)*%5&7*%&D.#(*%&#(9&:*.&
^.89,1L.#,8* & R(.:*% & J(> & \*89$8*+ & #(<0 & /8,*+ & 1:*. & U#%:3-,*. & 3*R;0.,5 & 7#9 & @f9,*> & :*.&
I#,.8+8%*#.8,;,&>#%82*9,8*.,*&98<0&(%:&R(.:*&J(.&#++3*>*8%3-+,83*%&M1.>5&
D-.&:#9&^.3(>*%,&:*9&/.#:8,81%9).(<09&>8,&P%#%9$.(<0%#0>*&:*.&R*8)+8<0*%&F.)+8%8*&LY%%*%&
91R10+ & :*. & @*G89>(9N & :*. & Z#9989>(9 & #+9 & #(<0 & :*. & K+#9989>(9 & #+9 & #:;x(#,* & ,0*1.*,89<0*&
[.(%:+#3* & 0*.#%3*J13*% & R*.:*%5 & 78* & :.*8 & K1>$1%*%,*% & LY%%*% & #++*.:8%39 & %(. & 9<0R*.&
3*,.*%%,&Q1%*8%#%:*.&#%#+f98*.,&R*.:*%N&:#&80.*&K*%%J*8<0*%N&^,,.8)(,*&(%:&F83*%9<0#2,*%&12,&
;0%+8<0* & H-3* & #(2R*89*%56Ad& @1 & 2#99, & @#.# & 7*+#>1%, & V6bmBW & 8% & 80.*. & 7*28%8,81% & :8*&
7*,*.>8%#%,*%&!@*G89>(94&(%:&!Z#9989>(94&J(9#>>*%`&@*G89>(9&89,&!=*%9<0*%&#(23.(%:&
80.*9 & [*9<0+*<0,9 & J( & 9,*.*1,f$898*.*%N & 91 & R8* & :*. & Z#9989>(9 & :8* & @,*.*1,f$898*.(%3 & Q1%&
6A6
6AA
6A]
6Ad
/.1>>9:1.22&6bbc`&dg
=f&X#%0&6bbg`&?c
F8%*&#%9<0#(+8<0*&@<08+:*.(%3&:*9&U*)*%9&:*.&D.#(*%&#>&L#89*.+8<0*%&X12&:*.&X*8#%EH*8,&+8*2*.,&PQ#%&=1..89&
6b?]`&C1>*%&12&^%<8*%,&"#$#%`&X*8#%&U#:8*95
P%&:*.&U8,*.#,(.&R*.:*%&:8*9*&/0*1.8*%&0;(283&J(9#>>*%2#99*%:&)*0#%:*+,5&\*89$8*+&08*.2-.&98%:&21+3*%:*&
I()+8L#,81%*%`&=*(+*%)*+,N&^%'#&V6bmmW`&@<0*8:*+8%8*%5&j)*.&@*G89>(9N&Z#9989>(9&(%:&K+#9989>(9t&[.(9LfN&
7#Q8:&\5&VX.935W &VABB6W`&@1<8#+&@,.#,828<#,81%`&r+#99N&Z#<*&#%:&[*%:*.&8%&@1<81+138<#+&I*.9$*<,8Q*t&H#<LN&
M#1>8&VX.935W&V6bbcW`&Z#<*a@*G5&/0*8.&@#>*%*99N&7822*.*%<*&#%:&P%,*.$+#f5
d6
=*%9<0*% & %#<0 & :*. & Z#99* & 89,45 & v).8<0, & 9*,J, & :8* & 7*,*.>8%#%,*% & K+#9989>(9N & @*G89>(9N&
Z#9989>(9&(%:&F,0%1J*%,.89>(9&8%&\*J8*0(%3&J(*8%#%:*.N&8%:*>&*.&:.*8&@,.(L,(.:8>*%981%*%&
>1:*.%*.&[*9*++9<0#2,*%&*.L+;.,5&7*>%#<0&)*J8*0,&98<0&:#9&P>#3*&91J8#+*.&D.*>:3.($$*%&#(2&
*8%* & !Q*.,8L#+* & 7822*.*%J8*.(%3 & V@<08<0,*% & (%: & K+#99*%` & K+#9989>(9WN & :8* & 9f9,*>#,89<0*&
P%%*%E^(O*%E7822*.*%J8*.(%3 & VF,0%1J*%,.89>(9aZ#9989>(9W & (%: & :8* & [*9<0+*<0,*.E
:822*.*%J8*.(%3&V@*G89>(9WN&V555W546Ag&
=*(+*%)*+, & )*9<0.*8), & #%0#%: & :*. & %8*:*.+;%:89<0*% & [*9*++9<0#2, & :*% & H(9#>>*%0#%3&
JR89<0*%& @*G89>(9N&Z#9989>(9 & (%: & K+#9989>(95 &^(93*0*%:& Q1%& *8%*. &K+#99*%3*9*++9<0#2,&
R8.:&:8*&S%,*.:.-<L(%3&(%:&\*%#<0,*8+83(%3&)*9,8>>,*.&[.($$*%&Q1%&JR*8&78>*%981%*%N&
:*.&91J8#+*%&@,.(L,(.&(%:&:*.&F.J8*0(%3&)*J8*0(%39R*89*&@1J8#+89#,81%&#)0;%383&3*>#<0,56A?&
78*&S%,*.:.-<L(%3*%&8%&D1.>&Q1%&Z#9989>(9&(%:&@*G89>(9&98%:&:*>%#<0&%8<0,&J(&,.*%%*%N&
91%:*.% & 3*0*% & X#%: & 8% & X#%: & Q1%9,#,,*%5 & P% & )*8:*% & D;++*% & 9,*0*% & 98<0 & JR*8 & +*8<0, & J(&
8:*%,828J8*.*%:*&[.($$*%&3*3*%-)*.56Ac& 7*%&K+#9989>(9&98*0,&=*(+*%)*+,&08%3*3*%&#+9&9*0.&
L1>$+*G*9&@f9,*>&>8,&*8%*.&T8*+J#0+&%8<0,&*8%:*(,83&Q1%*8%#%:*.&,.*%%)#.*.&[.($$*%&#%56Am&
^(<0 & 8% & :*. & \*9<0.*8)(%3 & Q1% & F+8J#)*,0 & @$*+>#% & 98%: & :8* & :.*8 &\*9,#%:,*8+* & L1>)8%8*.,N&
R*%%3+*8<0&98*&:*%&@*G89>(9&#+9&S.9#<0*&:*9&I.1)+*>9&8:*%,828J8*.,`&
!V555W & R*%%& R8.& Q*.9,*0*% & R1++*%N &R8* & 98<0& @*G89>(9 &#(2 &:8* &^., &(%: &C*89*N &8%& :*.&
D.#(*%&)*0#%:*+,&R*.:*%&#(9R8.L,N&(%,*.9(<0*%&R8.&J(%;<09,&:#9&U*)*%&Q1%&D.#(*%N&
:*.*%&@8,(#,81%&%8<0,&%1<0&R*8,*.&:(.<0&80.*&K+#99*%E&1:*.&.#99898*.,*&1:*.&.*+838Y9*&1:*.&
91%9,83* & P:*%,8,;, & Q*.L1>$+8J8*., & R8.:` & :*%% & R*%% & :8*9* & D.#(*% & 9<0+*<0, & )*0#%:*+,&
R*.:*%N&>(99&:#9&#>&@*G89>(9&+8*3*%&(%:&#%&%8<0,9&#%:*.*>546Ab&
C8* & :8* & [*%:*. & @,(:8*9 & 38%3 & #(<0 & :*. & @*G89>(9 & #(9 & :*. & C*++* & :*. & S@E#>*.8L#%89<0*%&
D.#(*%)*R*3(%3 & 8% & :*% & 9*<0J83*. & "#0.*% & 8% & ^%#+138* & J(> & Z#9989>(9 & 0*.Q1.N & :*% & :*.&
/0*>*%L1>$+*G&8%&:8*9*>&H(9#>>*%0#%3&9,.*82,5&
U*G8L#+89<0*&7*28%8,81%*%&)*9<0.*8)*%&:*%&Z#9989>(9&#+9&:8*&[*9#>,0*8,&:*.&/0*1.8*%&(%:&
$1+8,89<0*% & U*0.*%N & :8* & Q*.9(<0*%N & L(+,(.*++* & D;083L*8,*% & (%: & F%,R8<L+(%39+8%8*% & :*.&
>*%9<0+8<0*% & [*9<08<0,* & %8<0, & #(2 & $1+8,89<0* & (%: & 91J8#+*N & 91%:*.% & #(2 & )81+1389<0E
#%,0.1$1+1389<0*&S.9#<0*%&J(.-<LJ(2-0.*%5&P>&*%3*.*%&@8%%&98%:&:#>8,&#++*&U*0.*%&3*>*8%,N&
:8* & #(9 & 91+<0*% & H(9#>>*%0;%3*% & *8%* & j)*.E & )*J8*0(%39R*89* & S%,*.+*3*%0*8, & *8%*.&
>*%9<0+8<0*% &•Z#99*€ &3*3*%-)*. & *8%*. & #%:*.*% & )*0#($,*%N & (> &X*..9<0#2,9Q*.0;+,%899* &J(&
6Ag
6A?
6Ac
6Am
6Ab
v).8<0,&ABBg`&6dm
=*(+*%)*+,&6bmm`&6B
=*(+*%)*+,&6bmm`&dbEgB
=*(+*%)*+,&6bmm`&gB
@$*+>#%&6bmm`&g6
dA
.*<0,2*.,83*%5&@,*.)#&9,*++,&:*%&Z#9989>(9)*3.822&R8*:*.&8%&Z*+#,81%&J(>&@*G89>(9&(%:&9#3,N&
:#99 & 91R10+ & :8* & 2*>8%89,89<0* & (%: & :8* & Z#9989>(9E"(9,8J & >8, & ;0%+8<0*% &^.3(>*%,#,81%*%&
#.)*8,*%56]B&H(%;<09,&)*J8*0*%&98<0&:8*&7822*.*%J*%&#(2&[.($$*%&1:*.&P%:8Q8:(*%N&:8*&#%:*.*%&
-)*.+*3*%&98%:5&P>&D#++*&:*9&@*G89>(9&98%:&*9&)81+1389<0*&S%,*.9<08*:*&JR89<0*%&=;%%*.%&
(%:&D.#(*%&1:*.&#%:*.*N&>8,&:8*9*%&)81+1389<0*%&S%,*.9<08*:*%&J(9#>>*%0;%3*%:*&[.-%:*N&
#(9 & :*%*% & :#9 & >;%%+8<0* & [*9<0+*<0, & #+9 & 0Y0*.R*.,83 & *8%3*9<0;,J, & R8.:5 & 78*9* & 9()'*L,8Q*&
j)*.+*3*%0*8,&2-0.,&J(&*8%*.&71>8%#%J&:*.&=;%%*.&-)*.&:8*&D.#(*%56]6&!=8,3+8*:*.&.#9989<0*.&
=8%:*.0*8,*%N & y9,83>#,898*.,*.y & \*QY+L*.(%393.($$*% & (%: & D.#(*% & 98%: & ^33.*9981%*%N&
^%9$.-<0*%&(%:&C*.,(.,*8+*%&#(93*9*,J,N&:8*&>8,&:*>&\*3.822&yT1.(.,*8+y&)*J*8<0%*,&R*.:*%N&8%&
C8.L+8<0L*8,&#)*.&9,.(L,(.*++*.&\*9,#%:,*8+&80.*.&91J8#+*%&@,*++(%3&98%:&(%:&:*.&@,#)8+898*.(%3&
)*9,*0*%:*. & =#<0,Q*.0;+,%899* & :8*%*%546]A& ^>f& =<r.**:f &/0*.%9,.1> & 9$.8<0, & )*.*8,9 & :*%&
.#9989,89<0*% & ^9$*L, & #+9 & )*:*(,*%: & 2-. & :8* & '#$#%89<0* & =1%#.<08* & #+9 & 91+<0* & #%5&
F%,9<0*8:*%:*9&P%:8J&89,&08*.&:#9&\*9,*0*%&#(2 &:*.&\+(,+8%8*N&:8*&(%,*. &L*8%*%&S>9,;%:*%&
3*).1<0*%&R*.:*%&:#.256]]&
F8%* & R*%83*. & .#:8L#+* & K#,*31.8* & Q1. & :8*9*> & X8%,*.3.(%: & 89, & :*. & K+#9989>(95 & 7#9&
91J81+1389<0*&@<08<0,>1:*++&:*.&K+#99*&3*0,&Q1%&*8%*.&X8*.#.<08*&#(9N&8%&:*.&98<0&:8*&@,*++(%3&
:*.&=*%9<0*%N&#+91&1)&98*&!1)*%4&1:*.&!(%,*%4&#(2&:*.&3*9*++9<0#2,+8<0*%&U*8,*.&#%3*98*:*+,&
98%:N&#%&80.*>&\*.(2N&80.*.&^(9)8+:(%3&(%:&80.*>&F8%L1>>*%&)*>899,56]d& \*8:*&>Y3*%&2-.&
98<0&#(2&:*%&*.9,*%&\+8<L&%8<0,&#)91+(,&.*+*Q#%,&(%:&913#.&-)*.J*8<0%*,&R8.L*%N&'*:1<0&91++,*%&
98*&%8<0,&#(O*.&^<0,&3*+#99*%&R*.:*%N&R*%%&>#%&9*8%*%&\+8<L&#(2&:8*&'#$#%89<0*&/0.1%21+3*&
.8<0,*,N & :# & T*.2+*<0,(%3*% & 8> & X8%)+8<L & #(2 & :#9 & =*.L>#+ & :*. &^)%*83(%3 & 3*3*%-)*. & :*>&
!D.*>:*%4&(%:&!^%:*.9#.,83*%4&%#0*+8*3*%5&7*.&K+#9989>(9&)*J*8<0%*,&8>&^++3*>*8%*%&:8*&
9f9,*>#,89<0* & 789L.8>8%8*.(%3 & )*J8*0(%39R*89* & S%,*.:.-<L(%3 & *8%*. & 3*9*++9<0#2,+8<0*%&
K+#99*&#(23.(%:&91J81YL1%1>89<0*.&K+#99*%(%,*.9<08*:*&:(.<0&*8%*&#%:*.*5
[*%*.*++&98%:&@#<0Q*.0#+,*&R8*&@*G89>(9N&Z#9989>(9&(%:&K+#9989>(9&8>>*.&#(<0&9,##,*%E&
1:*. & .*381%99$*J8289<0 & J( & )*,.#<0,*%5 & 7# & 8% & :8*9*> & 9$*J8*++*% & D#++ & '*:1<0 & 3.(%:+*3*%:*&
,0*1.*,89<0*&@#<0Q*.0#+,*&*%,9<0*8:*%:&98%:N&L#%%&(%#)0;%383&Q1%&:8*9*.&Z*9,.8L,81%&*.,&
R*.:*%56]g&
6]B
6]6
6]A
6]]
6]d
6]g
@,*.)#&6bbc`&?6
@,*.)#&6bbc`&?6E?A
\*.%#.:N&@<0+#22*.&6bcm`&dcB
=<r.**:f&/0*.%9,.1>N&^>f&ABBg`&]
=*(+*%)*+,&6bmm`&6Bm
^%'#&=*(+*%)*+,&21L(998*.,&80.*%&\+8<LN&R8*&*.R;0%,N&#(2&:8*&@8,(#,81%&8%&:*%&M8*:*.+#%:*%&(%:&7*(,9<0+#%:5&
@1>8, & 98%: & [*3*)*%0*8,*% & #(23.(%: & (%,*.9<08*:+8<0*. & K(+,(..*381%*% & (%: & @1J8#+9,.(L,(.*% & (%: & %8<0,&
:*<L(%393+*8<0 & #(2 & :8* & '#$#%89<0* & [*9*++9<0#2, & -)*.,.#3)#.5 & 78* & :.*8 &#(99#3*L.;2,83*% & K1>$1%*%,*%&
K+#9989>(9N & Z#9989>(9 & (%: & @*G89>(9 & LY%%*% & :*%%1<0 & #(<0 & #(2 & :8* & '#$#%89<0* & [*9*++9<0#2, & -)*.,.#3*%&
R*.:*%5&
d]
78*&I#.#++*+*&:8*9*.&/0*1.8*%&J(.&D.#3*&:*.&>;%%+8<0*%&(%:&R*8)+8<0*%&F.)+8%8*&)*9,*0,&8%&:*.&
^%,8$#,08* & 3*3*% & :8* & R*8)+8<0* & \+(,+8%8*N & Q*.LY.$*., & :(.<0 & :8* & >8%:*.R*.,83* & Z#99* & 8>&
Z#9989>(9N&:8*&>8%:*.R*.,83*&K+#99*&8>& K+#9989>(9&(%:&:8*&#+9 &>8%:*.R*.,83&*8%3*9,(2,*&
D.#(&8>&@*G89>(95&
T1.&:*>&X8%,*.3.(%:&:*.&1)*%&:#.3*+*3,*%&/0*1.8*%&L#%%&>#%&%(%&913#.&*8%*%&@<0.8,,&R*8,*.&
3*0*%&(%:&:8*&/0*9*&*8%*9&*G89,8*.*%:*%&@*G89>(9&(%,*.&:*>&7*<L>#%,*+&:*.&#%3*9,.*),*%&
U8%8*%,.*(* & #(29,*++*%5 & 7*%% & :8* & Q8*+:89L(,8*.,* & (%(%,*.).1<0*%* & I#,.8+8%*#.8,;, & LY%%,*&
3*%#(91&#(2.*<0,*.0#+,*%&R*.:*%N&R*%%&*9N&R8*&12,>#+9&8%&:*.&'#$#%89<0*%&[*9<08<0,*N&*8%*&
P%,*.8>9.*3*%,8%&3*)*%&LY%%,*5&78*&/#,9#<0*&#++*.:8%39N&:#99&>#%&:8*9*&v$,81%&:*.J*8,&%8<0,&
8%&F.R;3(%3&J8*0,N&9$.8<0,&2-.&*8%&*0*.&9*G89,89<0&1.8*%,8*.,*9&=1,8Q5&
^.,8L*+&6d&:*.&'#$#%89<0*%&T*.2#99(%3&3#.#%,8*.,&:8*&[+*8<0)*0#%:+(%3&)*8:*.&[*9<0+*<0,*.56]?&
=#% & LY%%,* & (%,*. & #%:*.*> & >8, & :8*9*> &^)9#,J & #.3(>*%,8*.*%N & :1<0 & 0#%:*+, & *9 & 98<0 & )*8&
=8,3+8*:*.% & :*. & L#89*.+8<0*% & D#>8+8* & #(23.(%: & 80.*9 & 3Y,,+8<0*% & r0#.#L,*.9 & *)*% & %8<0, & (>&
%1.>#+* & '#$#%89<0* & @,##,9)-.3*.5& 7*9 & C*8,*.*% & 9,*++, & 98<0 & :8* & D.#3*N & 1) & %8<0, & :(.<0 & :8*&
^)9$#+,(%3 & :*9 & L#89*.+8<0*% & X#(93*9*,J*9 & :8*9* & D*9,9<0.*8)(%3 & 3;%J+8<0 & 8..*+*Q#%, & 89,56]c&
M*>1,1&/#L*908&98*0,&8>&F.)9<0#2,99f9,*>&:*9&/*%%k,(>9&*8%*&T*.2#99(%39R8:.83L*8,N&:#&8%&
:8*9*.&X8%98<0,&:8*&8%&:*.&'#$#%89<0*%&T*.2#99(%3&2*9,3*9<0.8*)*%*&[+*8<0)*.*<0,83(%3&:*.&
[*9<0+*<0,*.&%8<0,&J(&*.L*%%*%&89,56]m& 78*&D*>8%89,8%&(%:&I08+191$08%&@8>1%*&:*&\*#(Q18.&
Q*.3+8<0&:8*&D.#(*%&>8,&*8%*.&%8*:*.*%&K#9,*&8>&8%:89<0*%&K#9,*%9f9,*>5&7*>%#<0&R8.:&:8*&
D.#(&8%&*8%*&91J8#+*&@<08<0,&08%*8%3*)1.*%N&:8*&98*&i&8>&[*3*%9#,J&J(&*8%*.&K+#99*&i&%8<0,&
Q*.+#99*% & L#%%5 & 7#9 & )*:*(,*,N & :#99N & R*%% & >#% & *8%* & D.#( & 89,N & %8*>#+9 & *8% & =#%% & R*.:*%&
L#%%56]b&P>&P%,*.Q8*R&>8,&:*.&D*>8%89,8%&^+8<*&@<0R#.J*.&9#3,&@8>1%*&:*&\*#(Q18.`&!78*&^.,&
(%:&C*89*N&8%&:*.&>#%&D.#(*%&R8.,9<0#2,+8<0N&91J8#+&(%:&$1+8,89<0&)*0#%:*+,N&>#<0,&#(9&80%*%&
*8%*&%8*:*.*&K#9,*546dB
D-. & :*% & T*.3+*8<0 & :*9 & @,#,(9 & :*. & '#$#%89<0*% & D.#( & 08%98<0,+8<0 & :*. & /0.1%21+3* & >8, & :*>&
K#9,*%9f9,*>& 9$.8<0,& :8*&/#,9#<0*N &:#99 & 8%%*.0#+) & *8%*. &K#9,*& #++*& =8,3+8*:*. & :8*& 3+*8<0*&
91J81YL1%1>89<0*&@,*++(%3&0#)*%5&[*%#(91&38),&*9&8%%*.0#+)&:*.&R*8)+8<0*%&F.)+8%8*&L*8%*&
R*8,*.*%&7822*.*%J8*.(%3*%5&78*&R*8)+8<0*&U8%8*&89,&3*2#%3*%&8%&:8*9*%&VT1.EWS.,*8+*%&(%:&:#9&
6]?
6]c
6]m
6]b
6dB
^.,8L*+&6d&:*.&'#$#%89<0*%&T*.2#99(%3&+#(,*,`&^)9#,J&65&^++*&\-.3*.&98%:&Q1.&:*>&[*9*,J&3+*8<0t&L*8%&\-.3*.&
R8.:&8%&$1+8,89<0*.N&R8.,9<0#2,+8<0*.&1:*.&91J8#+*.&\*J8*0(%3&R*3*%&9*8%*.&Z#99*N&9*8%*9&[+#()*%9&(%:&9*8%*.&
^%9<0#((%3*%N & 9*8%*9 & [*9<0+*<0,9N & 9*8%*. & 91J8#+*% & @,*++(%3 & 1:*. & 9*8%*. &^)9,#>>(%3& )*%#<0,*8+83, & 1:*.&
)*Q1.J(3,5&^)9#,J&A5&^:*+99,;%:*&R*.:*%&%8<0,&#%*.L#%%,5&^)9#,J&]5&78*&T*.+*80(%3&Q1%&F0.(%3*%N&v.:*%&
(%:&#%:*.*%&^(9J*8<0%(%3*%&89,&>8,&L*8%*.+*8&@1%:*..*<0,*%&Q*.)(%:*%5&F8%*&^(9J*8<0%(%3&89,&%(.&)89&J(>&
/1:*&:*9'*%83*%&3-+,83N&:*.&98*&3*3*%R;.,83&8%%*0#,&1:*.&L-%2,83&*.0;+,5&VZY0+&6b?]`&6BBW
/1%1>(.#&ABBg`&6m
M*>1,1&6bbb`&6Ab
@<0R#.J*.&6bm]`&]?
@<0R#.J*.&6bm]`&]?E]c
dd
)+*8)*%:*&@,83>#&21+3+8<0&9<0R*.&J(&-)*.R8%:*%5&
H8*+&:8*9*9&^)9<0%8,,*9&R#.&*9N&*8%*&,0*1.*,89<0*&D(%:8*.(%3&:*.&[*3*%#.3(>*%,*&)*J-3+8<0&
:*. & U8%8*%,.*(* & 8> & '#$#%89<0*% & K#89*.0#(9 & J( & 3*)*%5 & 78* & U8%8*%,.*(* & L#%% & #+9&
K+#99*%*8%,*8+(%3&#%3*9*0*%&R*.:*%5&7.-<L,&>#%&*9&:.#9,89<0*.&#(9N&91&)*28%:*,&98<0&:8*&D.#(&
8> & K#89*.0#(9 & 8% & *8%*. & *83*%*% & K#9,*5 & j)*.9$8,J, & LY%%,* & >#% & 913#. & Q1% & 9*G89,89<0*%&
/*%:*%J*%&9$.*<0*%5
L"1
T'&$*$D0'+A.)%70](U'+/&0+^.0/53'+;W.+7$'+^%:'.'$%9/.H'$(+7'0++++++++++++
8'$9&$53'%+_'0'%0+F$(+7'.+T4&&'+7'0+C(//(049'.3/)@('0
78*& P%9,8,(,81% &:*. & '#$#%89<0*% & =1%#.<08* &)#98*., &#(2&>f,01+1389<0*%&S.9$.-%3*%N&89,& )89&
0*(,*&*%3&Q*.L%-$2,&>8,&.*+838Y9*%&/.#:8,81%*%&(%:&)*9,8>>,&:(.<0&*8%*%&Q1%&H*.*>1%8*%&
(%:&Z8,*%&)*3+*8,*,*%&^++,#35&78*&*8%2+(99.*8<09,*%N&#(<0&#L,(*++&0#.>1%89<0&%*)*%*8%#%:*.&
*G89,8*.*%:*%&Z*+8381%*%&"#$#%9&98%:&:*.&@08%,189>(9&(%:&:*.&\(::089>(95
Z*+838Y9*&^9$*L,*&(>9$#%%*%&(%:&(%,*.>#(*.%&9;>,+8<0*&D#L,1.*%&:*.&/0.1%21+3*&(%:&98%:&
1>%8$.;9*%,N & Q*.#%9<0#(+8<0, & )*.*8,9 & #> & \*89$8*+ & :*9 & K1%2(J8#%89>(9 & 8> & ,0*1.*,89<0*%&
=1:*++&V98*0*&@*8,*&]bW5&
78*9*9 & S%,*.L#$8,*+ & R8:>*, & 98<0 & %#<0*8%#%:*. & :*% & :.*8 & *+*>*%,#.*% & [+#()*%9.8<0,(%3*%&
"#$#%9&(%:&9,*++,&80.*%&\*J(3&J(&3*%:*.,0*>#,89<0*%&[*98<0,9$(%L,*%&0*.5&F9&3*0,&Q1.&#++*>&
(>&:8*&@,*++(%3&:*.&D.#(&#(9&@8<0,&:*.&(%,*.9<08*:+8<0*%&Z*+8381%*%N&:8*&98<0&#(2&:8*&#L,(*++*&
/0.1%21+3*:89L(9981%&>*0.&1:*.&>8%:*.&9$-.)#.&#(9R8.L,5&@8*&89,&8%&(%,*.9<08*:+8<0&9,#.L*.&
^(9$.;3(%3 & Q1% & =899)8++83(%3 & (%: & X*.#)9*,J(%3 & 3*3*%-)*. & :*> & >;%%+8<0*% & C*9*%&
:(.<0#(9&Q1.0#%:*%5&&&
L"1"! P4%;)U$/%$0F)0
M*)*%&9*8%*.&Z*+*Q#%J&2-.&#++*&:.*8&F+*>*%,*&:*9&,0*1.*,89<0*%&K1%9,.(L,*9&9$8*+,&*.&#(<0&08*.&
*8%*&*.0*)+8<0*&Z1++*&(%:&R8.:&:#0*.&8%&:#9&K#$8,*+&:*.&!Z*+838Y9*%&[.(%:9;,J*4&#+9&X-.:*&
2-.&:8*&R*8)+8<0*&/0.1%21+3*&*8%)*J13*%5&
7*.&K1%2(J8#%89>(9&L#%%&8>&[.(%:*&3*%1>>*%&%8<0,&#+9&Z*+8381%N&91%:*.%&>(99&Q8*+>*0.&
J(%;<09,&#+9&U*0.*N&:#%%&[*9*++9<0#2,9>1:*++&(%:&@,##,9:1L,.8%&)*J*8<0%*,&R*.:*%5&F.&$.;3,&
9*8,&Q8*+*%&"#0.0(%:*.,*%&:8*&<08%*989<0*&K(+,(.&(%:&[*9*++9<0#2,&(%:&)**8%2+(99,&:*%&^++,#3&
dg
8%&"#$#%&*)*%91&R8*&8>&3*9#>,*%&19,#98#,89<0*%&Z#(>5&M*)*%&:*>&\(::089>(9&(%:&:*>&
7#189>(9&V#(<0&/#189>(9W6d6&&89,&:*.&K1%2(J8#%89>(9&*8%&\*9,#%:,*8+&:*.&7.*8&U*0.*%5&F9&91++&
Q*.:*(,+8<0,& R*.:*%N &8%R8*2*.%&:8*&'#0.0(%:*.,*+#%3 &8% &"#$#%&$19,(+8*.,*&(%: &>#%82*9,8*.,*&
P:*1+138*&:*9&K1%2(J8#%89>(9&#(<0&2-.&0*(,83*&^.3(>*%,#,81%9R*89*%&(%:&F%,9<0*8:(%39E
$.1J*99*&Q1%&\*:*(,(%3&89,5
[.(%:9;,J+8<0&0#%:*+,&*9&98<0&(>&*8%&K1%J*$,N&R*+<0*9&:(.<0&:8*&\*9<0.*8)(%3&:*.&JR89<0*%E
>*%9<0+8<0*%&\*J8*0(%3*%&:8*&v.:%(%3&:*9&91J8#+*%&@f9,*>9&J(&9,#)8+898*.*%&9(<0,5&M#<0&
9*8%*.&[.-%:(%3&:(.<0&K1%2(J8(9&VKy(%3E,J(N&gg6&i&dcb&Q5&r0.5W&21.>,*&*.&98<0&8>&r08%#&:*.&
X#%EH*8,&VAB?&Q5&r0.5&i&AAB&%5&r0.5W&#(9&(%:&*%,R8<L*+,*&98<0&J(.&:1.,83*%&@,##,9:1L,.8%5&F.&
)*3#%% & )*.*8,9 & 8> & Q8*.,*% & "#0.0(%:*., & 8% & "#$#% & D(O & J( & 2#99*% & (%: & L1%%,* & 98<0 & 8% & :*%&
21+3*%:*% & "#0.0(%:*.,*% & 91 & *,#)+8*.*%N & :#99 & *. & :8* & 8> & #<0,*% & "#0.0(%:*., & 3*9<0#22*%*%&
[*9*,J*&98,,+8<0E>1.#+89<0&(%,*.>#(*.,*5&^(O*.:*>&3#+,&:*.&K1%2(J8#%89>(9&2-.&:8*&\*#>,*%&
:*9&@,##,*9&#+9&\8+:(%398%0#+,5&\*8:*9&J(9#>>*%&R8.L,*&98<0&J(>8%:*9,&8%&:*%&1)*.*%&K.*89*%&
:*.&[*9*++9<0#2,&8%&*8%*.&9,#.L*%&\8%:(%3&#%&:*%&K1%2(J8#%89>(9&#(95&@*8,&9*8%*.&\*3.-%:(%3&
8% & r08%# & 0#,,* & 98<0 & *8% & C#%:*+ & Q1% & :*. & @,#%:*9*,08L & J(. & \*#>,*%*,08L & Q1++J13*%5 & ^+9&
D#>8+8*%>1.#+&:8*9*. & K.*89*&R#.& *.& :#.-)*. & 08%#(9 &Z8<0,9<0%(. &2-. &:8*& 9,#.L* &Z*3+*>*%E
,8*.(%3&:*.&R*8)+8<0*%&D.*80*8,&(%:&:8*&D8G8*.(%3&80.*.&(%,*.3*1.:%*,*%&@,*++(%35 6dA&M#<0&:*>&
H(9#>>*%).(<0&:*9&\*#>,*%9,##,*9N&R8*&*.&%#<0&:*.&/#8L#EZ*21.>&*%,9,#%:*%&R#.N&Q*.+1.&
:*. & K1%2(J8#%89>(9 & JR#. & 9*8%*% & $1+8,89<0*% & F8%2+(99N & %8<0, & '*:1<0 & 9*8%*% & *,089<0*%5 &^+9&
M*1L1%2(J8#%89>(9 & R(.:* & *. & J(. & 3*9*++9<0#2,+8<0*% & [.(%:+#3* & :*9 & /1L(3#R#E@0k3(%#,9&
V6?BB&i&6m?cWN&*.+*),*&*8%*&%*(*&\+-,*J*8,&(%:&0#+2N&:#9&8%%*.*&@,##,9R*9*%&J(&98<0*.%5&@*8%*&
*%3* & \8%:(%3 & #% & :8* & $1+8,89<0* & =#<0, & R#. & :#>8, & R8*:*.0*.3*9,*++,5 & 7*. & =1.#++*0.*. & (%:&
I08+191$0 & K#8)#.# & FL8L*% & V6?]B & i & 6c6dW & Q*.2#99,* & :8* &^)0#%:+(%3 &M##- ) B-'1-+,N & :8*&
!C899*%9<0#2,&2-.&D.#(*%45&@8*&R(.:*&.8<0,(%39R*89*%:&2-.&:8*&'#$#%89<0*&v)*.9<08<0,&(%:&
)**8%2+(99,*&91R10+&:8*&^(22#99(%3*%&-)*.&D.#(*%>1.#+&#+9&#(<0&D.#(*%.1++*&(%:&D.#(*%)8+:&
>#O3*)+8<056d]&&
C*9*%,+8<0*.&\*9,#%:,*8+&(%:&\*3.822*&:*.&<08%*989<0*%&I08+191$08*&98%:&:8*&K1>$1%*%,*%&
6d6
6dA
6d]
7*.&7#189>(9&89,&:8*&!U*0.*&:*9&C*3*945&&F.&9,*++,&*8%*&:*.&:.*8&8%&r08%#&Q1.0*..9<0*%:*%&C*+,#%9<0#((%3*%&
VJ(9#>>*%&>8,&\(::089>(9&(%:&K1%2(J8#%89>(9W&:#.&(%:&+;99,&98<0&8%&*8%*%&$08+191$089<0*%&(%:&*8%*%&
.*+838Y9*%&HR*83&(%,*.9<0*8:*%5&7*.&$08+191$089<0*&7#189>(9N&:*.&98<0&>8,&:*>&•/#1€N&:*>&S.3.(%:&:*9&
@*8%9N&)*9<0;2,83,N&89,&*8%*&8>&d5&"#0.0(%:*.,&Q5&r0.5&8%&F.9<0*8%(%3&3*,.*,*%*&Z8<0,(%3&:*.&<08%*989<0*%&
I08+191$08*5&D-.&:*%&.*+838Y9*%&7#189>(9N&:*.&>8,&:*>&$08+191$089<0*%&8%&Q8*+2;+,83*.&\*J8*0(%3&9,*0,N&9$8*+,&
:*.&\(::089>(9&#(23.(%:&9*8%*9&T1.)8+:<0#.#L,*.9&91R8*&#+9&R*+,#%9<0#(+8<0*&K1%L(..*%J&*8%*&)89&8%&:8*&
[*3*%R#.,&.*8<0*%:*&J*%,.#+*&Z1++*5&
H(.&#(92-0.+8<0*%&@<08+:*.(%3&:*.&@,*++(%3&:*.&D.#(&8>&K1%2(J8#%89>(9&98*0*&J(>&\*89$8*+&P9#)*++*&=f&
X#%0&V6bbgW`&K8%:*.N&K-<0*N&K#.>#5&78*&D.#(&8>&\(::089>(9&(%:&K1%2(J8#%89>(95&HR89<0*%&=#,.8#.<0#,&
(%:&$#,.8#.<0#+89<0*.&P:*1+138*N&v:*.&@#8,1&F8L1V6bmbW`&78*&D.#(&8>&#+,*%&"#$#%5
F9<0)#<0E@J#)1&ABBg`&m
d?
e8% & (%: &e#%35& @8* & 9,#>>*% & #(9 & :*> & )*.*8,9 & *.R;0%,*% & 7#189>(9N & 9$8*+*% & #)*. & #(<0 & 8>&
K1%2(J8#%89>(9&*8%*&3.1O*&Z1++*5&\*8&e#%3&0#%:*+,&*9&98<0&(>&:#9&I.8%J8$&:*.&@1%%*N&)*8&e8%&
(> & :#9 &:*9 & @<0#,,*%56dd& 78*9*9 & U*8,)8+: & R8.: &,.#%92*.8*., & 8% & :#9 & L1%2(J8#%89<0*&
[*9<0+*<0,*.9f9,*>5&X8*.&.*$.;9*%,8*.,&:*.&=#%%&:8*&@1%%*N&:#9&U8<0,&(%:&:*%&X8>>*+N&:8*&
D.#( & 08%3*3*% & @<0#,,*%N & 7(%L*+0*8, & (%: & F.:*5 & C;0.*%: & 98<0 & ,.1,J & :*. & $.8%J8$8*++*%&
^)0;%383L*8, & (%: & [+*8<0)*.*<0,83(%3 & )*8:*. & F+*>*%,* & >8, & :*. & H*8, & 8% & :*. & :#189,89<0*%&
I08+191$08*&:8*& j)*.+*3*%0*8, &:*9 &e8% &0*.#(9L.89,#++898*.,*N &%#0>&:8*9*&Z1++*&8>&D#++ &:*9&
K1%2(J8#%89>(9&:#9&e#%3&*8%5&
!78*&D.#(&>Y3*&#(2&80.*%&=#%%&9<0#(*%N&#+9&R;.*&*.&:*.&X8>>*+54&F8%&@#,J&R8*&:8*9*.N&:*%&
:8* & Z*<0,9+*0.* & J(. & F.+;(,*.(%3 & :*. & [*9*,J* & )*%(,J,*N & Q*.:*(,+8<0, & :#9 & L1%2(J8#%89,89<0*&
I.8%J8$&3*%*.*++*.&\*Q1.J(3(%3&:*9&=#%%*9N&R1%#<0&#(<0N&1:*.&3*.#:*&8%&:*.&F0*&:*.&=#%%&
:#9&Z*<0,&0#,,*N&-)*.&:8*&D.#(&J(&)*9,8>>*%&(%:&:8*9*&80>&J(&3*01.<0*%&0#,,*56dg&!78*&9*8,&
:*.&M#.#EH*8,&#(<0&8%&"#$#%&9<01%&$.1$#38*.,*%&y7.*8&[*01.9#>9)*J8*0(%3*%y&i&98*&9$.#<0*%&
:*.&D.#(&:8*&@*+)9,)*9,8>>(%3&#)N&8%:*>&98*&Q1%&80.&21.:*.,*%N&#+9&=;:<0*%&:*>&T#,*.N&#+9&
F0*2.#(&:*>&=#%%&(%:&#+9&C8,R*&80.*%&K8%:*.%&[*01.9#>&J(&+*89,*%&i&9,*++,*%&=8,,*&:*.&
X*8#%EH*8,&*8%&9<01%&%8<0,& >*0.&J(& 83%1.8*.*%:*9&M1.>#,8Q& :#.56d?& \*>*.L*%9R*.,&89,&:8*&
/#,9#<0*N&:#99&:*.&&K1%2(J8#%89>(9&>8,9#>,&9*8%*.&[.(%:9;,J*&(%:&P:*1+138*%&:*.&F8%9*,J(%3&
R*8)+8<0*.&Z*3*%,8%%*%&8>&9*<09,*%&"#0.0(%:*.,&122*%)#.&%1<0&%8<0,&8>&C*3&9,#%:5&!M1<0&
R*8,*.&38%3&:8*&Q1>&K.8*3*.9,#%:&V:*%&<,0/'&1:*.&0-;,(-'W&3*$.;3,*&[*9*++9<0#2,N&8%&:*.&:8*9*&
[*01.9#>9$2+8<0,*%&#)91+(,*9&[*)1,&R(.:*%5&\89&J(.&M*(J*8,&)*0*..9<0,*%&98*&:#9&3*9#>,*&
U*)*% & :*. & '#$#%89<0*% & D.#(546dc& ^+9 & 8:*#+* & F83*%9<0#2,*% & :*. & D.#( & 3*+,*% & #++3*>*8%08%&
Gehorsam, Geduld, Schweigen, Anständigkeit, Bescheidenheit, Keuschheit und Selbstaufopferung. Einen Beitrag zur Fixierung der Frauenrolle im Konfuzianismus lieferte das seit
6mmc & #L,(*++* & U*8,>1,8Q & 2-. & =;:<0*%)8+:(%3N & :8* & I#.1+* & !(6$0-' ) +"#<&45 & @8* & R(.:* &Q1>&
'#$#%89<0*%&@,##,&$.1$#38*.,&(%:&91&R(.:*&:*%&D.#(*%&-)*.&:#9&2#>8+8;.*&S>2*+:&08%#(9&#(<0&
#(2 & 9,##,9$1+8,89<0*. & F)*%* & *8%* & ,.#3*%:* & Z1++* & J(3*R8*9*%5 &78* & 71L,.8%N & 8%8,88*., & Q1>&
F.J8*0(%39>8%89,*.8(>N&+;99,&98<0&#>&,.*22*%:9,*%&>8,&:*%&@<0+#3R1.,*%&![(,*&F0*2.#(&(%:&
R*89* & =(,,*.4 & -)*.9*,J*% & (%: & +*3, & >8, & R*%83*% & C1.,*% & :8* & H8*+* & 122*%N & :8* & >8, & :8*9*.&
F.J8*0(%3&*..*8<0,&R*.:*%&(%:&#%&:*.&98<0&D.#(*%&1.8*%,8*.*%&91++,*%56dm& & 78*&P:*1+138*&:*.&
6dd
6dg
6d?
6dc
6dm
U#(,&:*.&*.9,*%&)*L#%%,*%&F.+;(,*.(%3&)*J-3+8<0&e8%&(%:&e#%3&V#(23*J*8<0%*,&(>&6BBB&Q5&r0.W&)*9<0.*8),&
:8*9* &@f>)819*&*8%* &C*+,)*,.#<0,(%3N&:8* &#(2&*8%*> &98<0 &*.3;%J*%:*%&(%:&)*:8%3*%:*%&I.8%J8$&)#98*.,5&
S.9$.-%3+8<0&9,*0,&e8%&2-.&:8*&L-0+*.*&M1.:9*8,*&*8%*9&\*.3*9&(%:&e#%3&2-.&9*8%*&R;.>*.*&@-:9*8,*N&R*+<0*&
98<0&2-.&*8%*&@,#:,3.-%:(%3&*83%*,*5
@#8,1&6bmb`&dA
@#8,1&6bmb`&dAN&Q3+5&#(<0&[Y99>#%%&6bbB`&6m
@#8,1&6bmb`&dA
S%1&6bbg`&]6225
dc
R*8)+8<0*%&[*.8%39<0;,J(%3&VB-#0&#)%&/'WN&*)*%2#++9&8>&K1%9,.(L,&:*.&L1%2(J8#%89<0*%&U*0.*&
Q1%&@,##,&(%:&[*9*++9<0#2,&Q*.#%L*.,N&:8*%,*&#)*.&%#<0&:*.&=*8'8EZ*9,#(.#,81%&21.>*++&(%:&
1228J8*++&%8<0,&+;%3*.&#+9&U*38,8>#,81%&2-.&08*.#.<089<0*&[*9<0+*<0,*.)*J8*0(%3*%56db&/.1,J:*>&
98%:&:*.#.,83*&=*<0#%89>*%&8%&:*.&[*9*++9<0#2,&#(2&+#%3*&H*8,&>#%82*9,8*.,N&R8*&98<0&'*,J,&#%&
:*>&08*.&)*0#%:*+,*%&\*89$8*+&:*(,+8<0&J*83,5&
F8%*&J*%,.#+*&Z1++*&9$8*+,&91R10+&8>&K1%2(J8#%89>(9&#+9&#(<0&)*8&:*.&U8%8*%,.*(*&:#9&8%&:*.&
'#$#%89<0*%&[*9*++9<0#2,&28G8*.,*&=(9,*.&:*9&I#,.8#.<0#,95&=8E#*&I#L&VABBBW&)*9<0.*8),&8%&80.*.&
I()+8L#,81% & :#9 & !I#,.8#.<0#, & :(.<0 & L1%2(J8#%89<0* & ^%9,#%:9%1.>*%4N & 8% & :*> & 98* & :8*&
H8Q8+89#,81%9,0*1.8*&Q1%&M1.)*.,&F+8#9&#+9&\*3.-%:(%3&2-.&:8*&%#<00#+,83*&T1.0*..9<0#2,&:*9&
I#,.8#.<0#,9&8%&K1.*#&0*.#%J8*0,5&P%&:*.&'#$#%89<0*%&[*9*++9<0#2,&89,&*)*%2#++9&*8%*&:*.#.,83*&
71>8%#%J&J(&)*1)#<0,*%56gB& M(%&R8.:&#(23.(%:&:8*9*.&T1.#(99*,J(%3*%&i&)*R(99,&1:*.&%8<0,&
)*R(99,&i&*8%*&R*8)+8<0*&/0.1%21+3*&#+9&(%#%3*>*99*%&)*,.#<0,*,5&F8%*&D.#(&#%&:*.&@$8,J*&
:*9 & @,##,*9 & R8:*.9$.8<0, & :*% & [.(%:+#3*% & :*. & L1%2(J8#%89<0*% & C*+,#%9<0#((%3 & (%:&
[*9*++9<0#2,91.:%(%3N & 8% & :*. & :#9 & R*8)+8<0* & [*9<0+*<0, & *8%* & (%,*.3*1.:%*,* & @,*++(%3&
*8%%#0>56g6&H(.&Z*+*Q#%J&:*9&K1%2(J8#%89>(9&2-.&:8*&[*3*%R#.,&9#3,&K.*8%*.`
!H(9#>>*% & >8, & :*. &N/'#!$E\#989 & V:8*99*8,9 & 1.8*%,8*.,* & F.21+39*,08LN & @,.*)*% & %#<0&
T1++L1>>*%0*8, & 8% & Q1% & =*%9<0*% & 3*9<0#22*%*% & 78%3*%W & (%: & :*. & :f%#>89<0*%&
U*)*%9#(22#99(%3&:*9&\(::089>(9&V#++*9&X#%:*+%&89,&=*:8,#,81%&(%:&:#>8,&C*3&J(.&
F.+*(<0,(%3W&L1>>,&'*:1<0&:*>&v.:%(%39$.8%J8$&:*9&K1%2(J8#%89>(9&8%&"#$#%&0*(,*&
%1<0&3.1O*&\*:*(,(%3&J(546gA
^(<0&T8L,1.8#&F9<0)#<0E@J#)1&9<0;,J,&:#9&L1%2(J8#%89<0E3*$.;3,*&D.#(*%)8+:&#+9&8%93*9#>,&
.*+*Q#%, & 2-. & :8* & [*3*%R#., & *8%56g]& 78*9* & \*1)#<0,(%3 & R8.: & *)*%2#++9 & 8% & :*. & I()+8L#,81%&
!F.J8*0(%3 & '#$#%89<0*. & D.#(*% & 0*(,*5 & HR89<0*% & /.#:8,81% & (%: & @*+)9,Q*.R8.+8<0(%34 & Q1%&
X#%%# & =-0.+ & #(3*%9<0*8%+8<0N & :8* & #%0#%: & Q1% & P%,*.Q8*R9 & >8, & '#$#%89<0*% & D.#(*% & :*.*%&
@*+)9,*8%9<0;,J(%3 & 08%98<0,+8<0 & 80.*. & 3*9*++9<0#2,+8<0*% & I198,81% & (%,*.9(<0,5 & P%,*.*99#%, & 89,&
08*.)*8N & :#99 & :8* & )*2.#3,*% & D.#(*% & 98<0 & :8* & !#%3*)1.*%*4 & Z1++* & :*. & X#(92.#( & (%: & =(,,*.&
0;(283&9*+)9,&J(9<0.*8)*%6gd5&
F8%2+-99*&:*9&K1%2(J8#%89>(9&(%:&:*9&\(::089>(9&2+8*O*%&J(9#>>*%&8%&:#9&R*8)+8<0*&P>#3*&
VT1.9,*++(%39)8+:W&(%:&8%&:#9&R*8)+8<0*&P>#31&V8:*#+898*.,*9&\8+:WN&8%&80.*&@*+)9,R#0.%*0>(%3&
6db
6gB
6g6
6gA
6g]
6gd
C*)*.&6bbm`&dA6
•.1L#f&ABB]`&6mg
^%:1&6bbc`&Ac
K.*8%*.&6bbm`&gAm
F9<0)#<0E@J#)1&ABBg`&6d&225
=-0.+&ABB6
dm
(%: & @*+)9,)*R*.,(%35 & \*8:* & )*9,8>>*% & :#9 & R*8)+8<0* & U*)*%5 &^++ & :8* & F83*%9<0#2,*% & (%:&
U*)*%9#)9<0%8,,*&*8%*.&D.#(N&:8*&)89&'*,J,&)*0#%:*+,&R1.:*%&98%:N&:-.2*%&:#0*.&%8<0,&.*8%&:*.&
L1%2(J8#%89<0*% & P%:1L,.8%#,81% & J(3*9<0.8*)*% & R*.:*%5 &7*%% &:*. &\(::089>(9N &*8% & 9(),8+*.&
^9$*L,&:*9&I#,.8#.<0#,9N&0#,&*)*%91&9*8%*%&\*8,.#3&:#J(&3*+8*2*.,56gg&
L"1"1 6)773$0F)0
7*.&\(::089>(9&3*+#%3,*&*,R#9&9$;,*.&%#<0&"#$#%&#+9&:*.&K1%2(J8#%89>(9&V1228J8*++&8>&"#0.&
g]mW & (%: & R(.:* & 8% & :*. & D1+3*J*8, & (%,*. & #%:*.*> & Q1% & @0k,1L( &/#8908 & 3*2Y.:*.,5 & D#9, & #++*&
'#$#%89<0*%&@<0(+*%&3*0Y.*%&:*>&=#0‚f‚%#E\(::089>(9&#%5&F.&89,&8%&*.9,*.&U8%8*&:(.<0&:8*&
j)*.J*(3(%3 & 3*L*%%J*8<0%*,N & :#99 & :#9 & P%:8Q8:((> & %8<0, & 8> &^++*8%3#%3N & 91%:*.% & 8% & :*.&
[*>*8%9<0#2,&>8,&#%:*.*%&:(.<0&:#9&T*.,.#(*%&8%&:8*&*.+Y9*%:*&[%#:*&Q1%&\1:089#,,Q#9&:8*&
F.+Y9(%3&*.+#%3*%&L#%%56g?&
@*8%*&[+#()*%9Q1.9,*++(%3*% &)#(*%&#(2&:*. &P:**&:*.&C8*:*.3*)(.,&(%:&F.+Y9(%3&#(25 &7#9&
D.#(*%)8+:&:*9&\(::089>(9&89,&R8*&:#9&:*9&K1%2(J8#%89>(9&Q1%&[*.8%39<0;,J83L*8,&3*$.;3,5&
D.#(*%&R(.:*&J*8,R*89*&913#.&:8*&@**+*&#)3*9$.1<0*%5&
S.9$.-%3+8<0&i&8>&$.8>8,8Q*%&\(::089>(9&i&)*9,#%:&*8%*&[+*8<0)*.*<0,83(%3&JR89<0*%&=#%%&
(%:&D.#(5&@*8,&*,R#&:*>&*.9,*%&"#0.0(%:*.,&Q5&r0.5&*G89,8*.,&:8*&^%98<0,N&*8%*.&D.#(&9*8&*9&%8<0,&
>Y3+8<0N&:8*&\(::0#9<0#2,N&#+91&F.+*(<0,(%3&J(&*.+#%3*%5&=8,&:*.&F,#)+8*.(%3&:*9&=#0‚f‚%#E
\(::089>(9 & (>& :8* & C*%:* & Q1>& *.9,*% & J(> & JR*8,*% & "#0.,#(9*%: & R(.:* & R8*:*.(> & :8*&
[.(%:,0*9*&Q*.,.*,*%N&:#99&#++*&C*9*%N&:8*&*>$28%:*%&LY%%*%N&#(<0&*.+Y9)#.&98%:5&P>&9*+)*%&
H(3&R(.:*&:8*&[+*8<00*8,&:*.&[*9<0+*<0,*.&$19,(+8*.,5&7#&#++*.:8%39&:#9&!.*8%*&U#%:4&9,*,9&#+9&
U#%: & )*9<0.8*)*% & R(.:*N & *9 & :*>& *9 & L*8%* & D.#(*% & 3#)N & 9,#%:& 8% & 2.-0*% & =#0‚f‚%#E@(,.*%&
VU1,(9E & 1:*. & :#9 & Z*8%*EU#%:E@(,.#W &)89R*8+*% & 3#. & *8%* &T*.R#%:+(%3 & Q1% & :*.& D.#(& 8% & *8%&
>;%%+8<0*9 & C*9*% & )*8> & X8%-)*.,.*,*% & 8% & :#9 & I#.#:8*9 & 8> & Z#(>5 & @*8, & :*> & JR*8,*%&
"#0.0(%:*.,&R(.:*&:#%%&R8*:*.&*8%*&*0*.&+8)*.#+*&F8%9,*++(%3&Q*.,.*,*%5&D.#(*%&R#.*%&#(<0&8%&
D.#(*%3*9,#+,&R8*:*.&8%&:*.&U#3*N&:8*&F.+Y9(%3&J(&*.+#%3*%56gc&\89&J(>&%*(%,*%&"#0.0(%:*.,&
*,#)+8*.,*%&98<0&9*<09&@<0(+*%&8%&"#$#%6gmN&:8*&*%3&>8,&:*>&L#89*.+8<0*%&X12&Q*.)(%:*%&R#.*%N&
#)*.&L*8%*%&3.YO*.*%&F8%2+(99&#(2&:8*&Z*+8381%&:*9&T1+L*9&#(9-),*%56gb&\*.*8,9&9*8,&:*>&#<0,*%&
"#0.0(%:*.,&89,&*8%*&(%,*.9<08*:+8<0*&\*0#%:+(%3&Q1%&M1%%*%&(%:&=Y%<0*%&J(&)*1)#<0,*%5&
6gg
6g?
6gc
6gm
6gb
=f&X#%0&6bbg`&bb
T3+5&K.*8%*.&6bbm`&gAc
•.1L#f&ABB]`&6m?
M#>*%,+8<0&@#%.1%N&"k'8,9(N&K(90#N&X199kN&Z8,9(N&K*31%
•.1L#f&ABB]`&6mc
db
F9&!J*8<0%*,&98<0&*8%*&9,.*%3*&.;(>+8<0*&/.*%%(%3&:*.&)*8:*%&[.($$*%&#)&i&91&:(.2,*%&98*&
%8<0, & 8> & K+19,*. & :*9 & #%:*.*% & [*9<0+*<0,9 & -)*.%#<0,*% & iN & R8<0,83*. & '*:1<0 & 89,N & :#99 & :8*&
0Y<09,*%&T*.R#+,(%39;>,*.&#(9:.-<L+8<0&%(.&>8,&=;%%*.%&)*9*,J,&R#.*%546?B&
P% & :*. & JR*8,*% & X;+2,* & :*. & X*8#%EH*8, & R(.:*& :*. &^>8:#E\(::089>(9 & $.;9*%,*.N & :*. & :#Q1%&
#(93*0,N & :#99 & D.#(*% & #(23.(%: & :*. & 80%*% & #(23*)-.:*,*% & U*8:*% & V=*%9,.(#,81%N & [*)(.,N&
R*8,*.* & \*9<0R*.:*% & :*9 &^++,#39W & L*8%*% & I+#,J & 8> & I#.#:8*9 & 0#)*% & (%: & 8%21+3*:*99*% & %(.&
9<0R*.&F.+Y9(%3&*.2#0.*%&LY%%*%5&78*9*&R(.:*&#)*.&8>>*.08%&:(.<0&:#9&Z*J8,8*.*%&(%:&:#9&
K1$8*.*% & :*9 & U1,(9E@(,.#9 & 8% & ^(998<0, & 3*9,*++,5 & S%3*#<0,*, & :*99*% & 9#%L & #)*. & 8%&
K1..*9$1%:*%J & >8, & :*. & *.9,#.L*%:*% & L1%2(J8#%89<0*% & C*+,#%9<0#((%3 & 8% & :*% & 21+3*%:*%&
"#0.0(%:*.,*% & :*. & R*8)+8<0* & @,*++*%R*., & L1%,8%(8*.+8<05 & \.*8,* & I1$(+#.8,;, & *.+#%3,* & :*.&
\(::089>(9&:#%%&J(%;<09,&>8,&:*.&[.-%:(%3&:*.&)*8:*%&)89&0*(,*&)*9,8>>*%:*%&@<0(+*%&
!"#B-'& (%: &0/'#1&#& (%: & J( & \*38%% & :*. & K#>#L(.#EH*8, & V66mgW & >8, & :*. & [.-%:(%3 & %*(*.&
@<0(+*%N&:8*&:8*&F.+Y9(%3&:(.<0&98>$+*&I.#L,8L*%&8%&^(998<0,&9,*++,*%5&F8%83*&)(::089,89<0*&
@<0(+*%&(%:&80.*&[.-%:*.&*.3.822*%&I#.,*8&2-.&:8*&I198,81%&:*.&D.#(&(%:&9$.#<0*%&98<0&3*3*%&
80.*&789L.8>8%8*.(%3&#(2&.*+838Y9*>&[*)8*,&#(956?6&
=8, & \*38%% & :*. & F:1EH*8, & R(.:* & :*. & \(::089>(9 & #+9 & I08+191$08* & (%: & >1.#+89<0* & P%9,#%J&
#++>;0+8<0&:(.<0&:8*&L1%2(J8#%89<0*&@,##,98:*1+138*&Q*.:.;%3,N&:89L.8>8%8*.*%:*&/*%:*%J*%&
-)*.9<0%8,,*%&(%:&Q*.9,;.L,*%&98<0&3*3*%9*8,835&
X#($,9;<0+8<0&#(23.(%:&:*.&80%*%&#%3*)1.*%*%&S%.*8%0*8,&V+"1-("W&R(.:*%&D.#(*%&#)&:*>&
%*(%,*% & "#0.0(%:*., & Q1% & 0*8+83*% & v.,*% & R8* & /*>$*+%N & 0*8+83*% & \*.3*% & (%: & K+Y9,*.%&
#(93*9<0+199*%5&&P%&*8%*>&908%,k89,89<0*%&K1%,*G,&0#,&98<0&*8%&91+<0*.&^(99<0+(99&#(<0&8%&:8*&
>1:*.%*&'#$#%89<0*&[*9*++9<0#2,&21.,3*9*,J,5&•.1L#f&%*%%,&*8%83*&\*89$8*+*N&:8*&#(<0&0*(,*&
%1<0&.*+*Q#%,&98%:5&D.#(*%&91++*%&%8<0,&)*8&:*.&F..8<0,(%3&*8%*9&/(%%*+9&#%R*9*%:&9*8%N&(>&
:*%&H1.%&:*.&\*.33Y,,8%&%8<0,&J(&21.<8*.*%5&F)*%91&:-.2*%&D.#(*%&*8%*%&@(>kEZ8%3&%8<0,&
)*,.*,*%N&:*.&:*>&>;%%+8<0*%&[*9<0+*<0,&Q1.)*0#+,*%&89,5&^(<0&:8*&@(908EH()*.*8,(%3&)+*8),&
80%*%&#(9&[.-%:*%&*8%*.&!J(&010*%&KY.$*.,*>$*.#,(.4&Q*.9#3,56?A&
C*8,*.&9,*++,&•.1L#f&:8*&[.-%:*&:*9&@,83>#9&:*.&S%.*8%0*8,&Q1.5 6?]& F9&)*.(0,&#(2&:*>&#(9&
r08%#&9,#>>*%:*%&@(,.#&:*9&\+(,,*8<0*9N&R1%#<0&#++*&D.#(*%&%#<0&80.*>&/1:&8%&:8*&\+(,0Y++*&
L1>>*%5&78*9*&89,&:8*&@,.#2*&:#2-.N&:#99&98*&>8,&:*>&F%,)8%:(%39E&(%:&=*%9,.(#,81%9)+(,&:8*&
F.:31,,0*8, & )*9<0>(,J*%5 & 7(.<0 & :#9 & C#99*.N & 8% & :*> & 98* & 80.* & Q*.(%.*8%83,* & C;9<0* & J(&
R#9<0*%&$2+*3,*%N&R(.:*%&:#.-)*.&08%#(9&9;>,+8<0*&=*%9<0*%&)*9<0>(,J,N&:8*&>8,&:8*9*>&
6?B
6?6
6?A
6?]
•.1L#f&ABB]`&6mc
X8*.J(&3*0Y.,*%&Xk%*%&V66]]E6A6AN&\*3.-%:*.&:*.&"k:1E@<0(+*W&(%:&7k3*%&V6ABBE6Ag]N&\*3.-%:*.&:*.&
@k,kEH*%E@<0(+*W5
•.1L#f&ABB]`&6bA
•.1L#f&ABB]`&6b]
gB
C#99*.&8%&\*.-0.(%3&L#>*%5&78*9*&F.*83%899*&)-.:*%&:*%&D.#(*%&*8%*&(%*.>*99+8<0*&@-%:*&
#(25&7#9&C#99*.&9#>>*+,&98<0&8%&*8%*>&3.1O*%&/*8<0N&:*>&\+(,,*8<0N&8%&:*>&98*&Q*.:#>>,&
98%: & J( & 9<0R8>>*% & (%: & :#Q1% & J( & ,.8%L*%5 & \(::0# & *.R;0%, & Z8,(#+*N & >8, & :*.*% & X8+2* & :8*&
D.#(*% & Q1% & 80.*. & @<0#%:* & )*2.*8, & R*.:*%5 & P% & "#$#% & 2#%: & *9 & Q1. & #++*> & 8% & :*. & F:1EH*8,&
T*.).*8,(%3N&91R10+&8%&908%,k89,89<0*%&#+9&#(<0&8%&)(::089,89<0*%&T#.8#%,*%&(%:&>#%82*9,8*.,*&
98<05&
P%&:*. &=*8'8EH*8,&R(.:*%&)(::089,89<0*&@<0(+*%&*.9,>#+9&#(<0& Q1%&D.#(*%&3*3.-%:*,5 &@8*&
R#.*%&#++*.:8%39&%8<0,&8%&:*.&U#3*N&#(<0&:8*&*.9,*&C*++*&:*.&D.#(*%)*R*3(%3&VJ(&\*38%%&:*9&
AB5&"#0.0(%:*.,9W&J(&)**8%2+(99*%N&:#&98*&98<0&i&(>&98<0&+;%3*.2.89,83&0#+,*%&J(&LY%%*%&i&8%&:8*&
$#,.8#.<0#+89<0*&v.:%(%3&:*9 &!"##$E@f9,*>9&*8%1.:%*,*%`&7#J(&3*0Y.,*%&:8*&^%$#99(%3&#%&
,.#:8,81%*++&'#$#%89<0*&C*.,*&R8*&D1+39#>L*8,&:*>&D#>8+8*%1)*.0#($,&3*3*%-)*.N&\*#<0,(%3&
:*.&,.#:8,81%*++*%&^(23#)*%,*8+(%3&8%%*.0#+)&:*.&D#>8+8*N&R#9&v.:%(%3&(%:&D.8*:*%&98<0*.%&
91++,*56?d
P> & I.8%J8$ & .*9(+,8*., & :8* & #)+*0%*%:* & X#+,(%3 & 3*3*%-)*. & :*. & R*8)+8<0*% & /0.1%21+3* & #(9&
:*>9*+)*%&.*+838Y9*%&=(9,*.N&R8*&*9&8>&K1%2(J8#%89>(9&:*.&D#++&89,N&:*%%&:8*&D.#(&%8>>,&
(%,*.&:*>&@,.8<0&*8%*&;0%+8<0*&I198,81%&8%&)*8:*%&[+#()*%9.8<0,(%3*%&*8%5&
!V555W & K1%2(J8#%89<0* & P:**% & R(.:*% & :(.<0 & )(::089,89<0* & Z8,*% & (%: & :#9 & C8.L*%&
)(::089,89<0*. & =Y%<0* & 8% & :*. & 3*9#>,*% & \*QY+L*.(%3 & Q*.).*8,*, & (%: & 3*2*9,83,` & :8*&
(%)*:8%3,*&S%,*.1.:%(%3&:*.&D.#(N&:8*&M1,R*%:83L*8,&Q1%&9,.*%3&3*,.*%%,*%&91J8#+*%&
K+#99*% & 1:*. & :8* & C8<0,83L*8, & :*. &^0%*%Q*.*0.(%3N & :8* & 98<0 & %(. & #(2 & :8* & >;%%+8<0*&
^0%*%+8%8*&)*J13546?g&
U*,J,*%:+8<0 & 98%: &:8*& =1,8Q*N & :8*& 3*3*%& :8*& R*8)+8<0*& U8%8*& 9$.*<0*%N &;0%+8<0& :*%*% & :*9&
K1%2(J8#%89>(95&X8%J(&L1>>,&08*.&%1<0&:*.&^9$*L,&:*.&S%.*8%0*8,N&:*.&#(<0&8>&21+3*%:*%&
^)9<0%8,,&8%&T*.)8%:(%3&>8,&:*>&@08%,k89>(9&J(>&/.#3*%&L1>>,5&
L"1"J C3$%(`$0F)0
7*. & #%8>89,89<0* & @08%,k89>(9 & V0/'#!$N & !C*3 & :*. & [Y,,*.4W & J;0+, & %8<0, & J( & :*%&
v22*%)#.(%39.*+8381%*% & (%: & )*98,J, & :#0*. & #(<0 & L*8%* & v22*%)#.(%399<0.82,*%5 & F. & 89, & :8*&
,.#:8,81%9.*8<09,*&:*.&'#$#%89<0*%&Z*+8381%*%N&#(2&:*.&:#9&!"##$E@f9,*>&)#98*.,5&[.(%:+#3*&89,&
6?d
6?g
•.1L#f&ABB]`&6b6
•.1L#f&ABB]`&6bB
g6
:*.&[+#()*&#%&-)*.%#,-.+8<0*&C*9*%&(%:&[1,,0*8,*%N&:8*&98<0&8>&C8.L*%&:*.&M#,(.&122*%)#.*%5&
7*. & S.9$.(%3 & :*9 & 908%,k89,89<0*% & [+#()*%9 & +8*3, & 8> & =f,019 & :*. & [Y,,8% & PJ#%#>8 & (%: & :*9&
[1,,*9&PJ#%#38N&:8*&#+9&:8*&@<0Y$2*.&"#$#%9&3*+,*%N&)*3.-%:*,&V98*0*&@*8,*&dW5&@1%%*%3Y,,8%&
^>#,*.#9(9 &F%L*+&M8%838& 38+,&#+9 &^0%0*.. &:*. & )89&0*(,*&0*..9<0*%:*% &!"##$E7f%#9,8*N &:*.&
!"##$&89,&:#9&v)*.0#($,&:*.&'#$#%89<0*%&[*9*++9<0#2,5&P>&[*3*%9#,J&J(>&\(::089>(9&0#%:*+,&
*9&98<0&)*8>&@08%,k89>(9&(>&*8%*&$1+f,0*89,89<0*&Z*+8381%5&7#9&0*8O,N&*9&R8.:&%8<0,&%(.&*8%&
[1,,&Q*.*0.,N&91%:*.%&>*0.*.*&[1,,0*8,*%&V+-;'W5&
7*.&@08%,k89>(9&9$+8,,*,&98<0&8%&Q8*.&HR*83*&#(2`&:*%&S.908%,k&#+9&I.8>;.21.>&VQ1%&:*.&S.J*8,&
)89 & J(> & \*38%% & :*. & v.3#%898*.(%3 & :*9 &0/'#!$N & A5 & "05 & i & c5 & "05 & %5 & r0.5WN & :*% & 1.3#%898*.,*%&
@<0.*8%908%,k&#+9&v.,01:1G8*N&J(&:*>&#(<0&:*.)0/'#!$&:*9&K#89*.0#(9*9&3*J;0+,&R8.:&VQ1%&:*.&
/#8L#EZ*21.> &)89&J(.&=*8'8EZ*9,#(.#,81%N&c5&"05&i&6m?cWN&:*%&T1+L9908%,k&)*J8*0(%39R*89*&
:*%&$1$(+;.*%&0/'#!$&#+9&T1+L93+#()*&(%:&9<0+8*O+8<0&:*%&@*L,*%908%,k6??5&7#%*)*%&*G89,8*.*%&
%1<0&:8*&\*3.822*&:*9&@,##,9908%,k&VQ1%&:*.&=*8'8EZ*9,#(.#,81%&)89&J(>&F%:*&:*9&HR*8,*%&
C*+,L.8*39W&(%:&:*.&:*9&8>$*.8#+*% &0/'#!$5&78*9*.&R(.:*&3*9<0#22*%N&(>&,.#:8,81%*++*) +-;'E
K(+,*&:*9&L#89*.+8<0*%&X12*9&Q1%&91%9,83*%&@<0.*8%.8,*%&#)J(3.*%J*%5
7*.&@08%,k89>(9&)*9,#%:&8%&9*8%*%&^%2;%3*%&J(%;<09,&#(9&*8%*.&^%9#>>+(%3&Q*.9<08*:*%*.&
\.;(<0*&(%:&Z8,(#+*N&:8*&8%&:*.&2.-0*%&e#f18EI*.81:*6?c&i&8%&*8%*.&I0#9*&:*9&@*990#2,R*.:*%9&
(%:&:*9&F%,9,*0*%9&*8%*.&91J8#+*%&v.:%(%3&8%&:*.&'#$#%89<0*%&\*QY+L*.(%3&i&S9(9&(%:&#(2&
).*8,*. & \#989 & J(. & I.#G89 & R(.:*%6?m5& H*%,.#+* & P%%1Q#,81% & 08*.)*8 & R#. & :8* & F,#)+8*.(%3 & :*9&
M#99.*89#%)#(95 & 78* & #%2;%3+8<0*% & Z8,(#+* & )*J13*% & 98<0 & 91>8, & #(2 & :8* & \**8%2+(99(%3 & :*.&
M#,(.L.;2,*5&F9&R(.:*&>8,&v$2*.3#)*%&8%&D1.>&Q1%&U*)*%9>8,,*+%&2-.&F.%,**.21+3*&(%:&:*%&
@<0(,J&:*.&=*%9<0*%&Q1.&M#,(.L#,#9,.1$0*%&3*)*,*,5&78*&T*.*0.(%3&:*9&U*)*%9&>#%82*9,8*.,*&
98<0&8%&D*.,8+8,;,9.8,*%5&
v)R10+ & :*. & @08%,k89>(9 & 12, & #+9 & *8%* & Z*+8381% & 10%* & >1.#+89<0EQ*.)8%:+8<0*9 & Z*3+*>*%,&
:#.3*9,*++,& R8.:N& *G89,8*., & *8%*&T1.9,*++(%3 &.8,(*++*. &T*.(%.*8%83(%35 &F8%*& *+*>*%,#.* &Z1++*&
9$8*+,&:8*&/#)(898*.(%3&Q1%&S%.*8%0*8,&(%:&/1:5&78*&/#)(898*.(%3&:*9&/1:*9&8> &0/'#!$& 89,&
R1>Y3+8<0&:#9&I.1:(L,&*8%*.&089,1.89<0*%&^(2,*8+(%3&:*.&\*.*8<0*&(%:&[1,,0*8,*%N&%#<0&:*.&
\(::0#9&,*%:*%J8*++&2-.&:*%&/1: &(%: &:#9&"*%9*8,9N &+-;'& 2-.&:#9 &U*)*% &(%:&:#9&78*99*8,9&
J(9,;%:83&98%:56?b& F8%*&T*.(%.*8%83(%3&Q*.(.9#<0,&:*%&S%R8++*%&:*. &+-;'& (%:&89,&:#0*.&:8*&
S.9#<0* & %*3#,8Q*. & K1%9*x(*%J*% & %8<0, & %(. & 2-. & :#9 & P%:8Q8:((>N & 91%:*.% & 2-. & :8* & 3*9#>,*&
[*>*8%9<0#2,56cB&F%,9<0*8:*%:&89,&:8*&8%:8Q8:(*++*&Xf38*%*N&:8*&98<0&8%&Z*8%83(%3&Q1%&X;%:*%&
6??
6?c
6?m
6?b
6cB
T3+5&vL#%1&6bcg`&bN&Ac
e#f18EH*8,&V]BB&Q5&r0.5&E&]BB&%5&r0.5W
=#.,8%&6bbc`&6g
@<0*8:&ABBg`&@08%,k5&0,,$`aaRRR5(%8Q8*5#<5#,a.*+u'#$a*8%2(*0.(%3a908%,150,>&
@<0*8:&ABBg`&@08%,k5&0,,$`aaRRR5(%8Q8*5#<5#,a.*+u'#$a*8%2(*0.(%3a908%,150,>&
gA
(%:&=(%:&8>&T1.2*+:&*8%*9&@<0.*8%)*9(<09&;(O*.,5&F8%*&Z*8%0*8,N&:8*&>8,&:*.&#%3*)1.*%*%&
R*8)+8<0*% & S%.*8%0*8, & L1++8:8*.,5 & 7#9 & =1,8Q & :*. & T*.(%.*8%83(%3 & 28%:*, & 98<0 & %*)*% & :*>&
\(::089>(9&#+91&#(<0&08*.5&78*&D.#(&%#0>&8%&:*.&908%,k89,89<0*%&[*9<08<0,*&J(&H*8,*%&*8%*&
:(.<0#(9 & R8<0,83* & I198,81% & *8%5 & P% & :*. & S.J*8, & (%: & D.-03*9<08<0,* & L#> & 80. &T*.*0.(%3 & #+9&
%(>8%19*9&C*9*%N&[*>#0+8%&*8%*9&[1,,*9&1:*.&K8%:&*8%*9&[1,,*9&J(56c6&@8*&2-++,*%&Z1++*%&#+9&
@<0#>#%8%%*%&1:*.&I.8*9,*.8%%*%&#(95&7#9&#%2;%3+8<0&010*&^%9*0*%&:*.&D.#(&R8<0&>8,&:*.&
v.3#%898*.(%3&:*9&0/'#!$&V#)&:*>&?5&"#0.0(%:*.,W&*8%*.&#++>;0+8<0*%&@;L(+#.898*.(%35&Die Zeit
in und nach der Meiji-Restauration bis heute ist die dritte Periode des Stellungswandels der
Frau, sie wird aus dem offiziellen Priesteramt ausgeschlossen.
HR#.&89,&:8*9*9&I.1)+*>&:*.&Z*8%0*8,&1228J8*++&>8,,+*.R*8+*&L*8%&X8%:*.(%393.(%:&>*0.&2-.&:8*&
R*8)+8<0*&/0.1%21+3*6cAN&*9&89,&#)*.&J(&Q*.>(,*%N&:#99&*9&R*8,*.&*8%*&+#,*%,*N&#)*.&J(3+*8<0&
3.1O*&Z1++*&#+9&[*3*%#.3(>*%,&9$8*+,5
L"1"L K)0/FF'%;/00)%*
^++*%&$#,.8#.<0#+89<0&1.8*%,8*.,*%&Z*+8381%*%N&>8,&^(9%#0>*&:*9&@08%,k89>(9N&:*.&*8%*&#%:*.*&
[+#()*%9.8<0,(%3&Q*.21+3,N&89,&*8%*&;0%+8<0*&F8%9,*++(%3&:*.&D.#(&3*3*%-)*.&*83*%5&@1&#(<0&8>&
\(::089>(9&(%:&8>&K1%2(J8#%89>(9N&:*.N&1)R10+&%8<0,&Z*+8381%&8>&*83*%,+8<0*%&@8%%*N&8%&
:8*9*. & Z*80* & :(.<0#(9 & 3*%#%%, & R*.:*% & L#%%5& 78* & D.#( & 89,N & #(<0 & 8% & :*% & 08*983*% & )*8:*%&
\*89$8*+*%N&C*9*%&JR*8,*.&K+#99*&(%:&78*%*.8%&:*.&!K8.<0*456c]&P%&:8*9*>&@8%%*&28%:*,&98<0&
#(<0 & #(9 & :8*9*> & \+8<LR8%L*+ & 0*.#(9 & *8%* & *8%:*(,83* & I#.#++*+* & J( & :*> & 8% & K#$8,*+ & d5A56&
#(93*#.)*8,*,*%&^9$*L,&:*9&@*G89>(9&R8*:*.5&7*9&C*8,*.*%&,#(<0,&#(<0&:#9&=(9,*.&:*.&D.#(&
#+9&78*%*.8%&91R10+&8>&\(::089>(9&#+9&#(<0&8>&K1%2(J8#%89>(9&#(25&
7#9&'#$#%89<0*&K#89*.0#(9&R8.:&8%&9*8%*%&j)*.+*3(%3*%&J(.&/0.1%21+3*&122*%)#.&Q1%&*8%*.&
Q1.0#%:*%*%&@f%,0*9*&#(9&:.*8&:*%&@,##,&(%:&:8*&[*9*++9<0#2,&)**8%2+(99*%:*%&Z*+8381%*%N&
)*J8*0(%39R*89*&:*.&L1%2(J8#%89<0*%&@,##,98:*1+138*&3*+*8,*,5
78*&^(92-0.(%3*%&J*83*%N&:#99&.*+838Y9*&1:*.&9,##,98:*1+1389<0*&C*+,)8+:*.&*8%*%&T1.3#%3&
R8*&:8*&/0.1%21+3*&>*.L+8<0&)**8%2+(99*%5&7#9&+8*3,&#(<0&#(2&:*.&X#%:N&:*%%&:#9&K#89*.0#(9&
)#98*.,&#(2&908%,k89,89<0*%&=f,0*%5&P%&:8*9*>&I(%L,&9<0*8%,&*9&Q*.3+*8<09R*89*&L1%9*.Q#,8Q&J(&
9*8%`&78*&P3%1.8*.(%3&:*9&X#%:+(%39)*:#.29&J(3(%9,*%&*8%*.&@8<0*.(%3&(%:&@,#)8+898*.(%3&:*.&
6c6
6cA
6c]
vL#%1&6bcg`&6B
=8,,+*.R*8+*&LY%%*%&98<0&D.#(*%N&:8*&H*.*>1%8*%&1:*.&Z8,*%&+*8,*%N&:(.<0&*8%*%&#%:*.*%&I.8*9,*.&Q*.,.*,*%&
+#99*%5
=f&X#%0&6bbg`&c
g]
L#89*.+8<0*%&/0.1%21+3*&:1>8%8*.,&122*%98<0,+8<0&V%1<0W5&
78*&'#$#%89<0*&\*QY+L*.(%3&%*83,&08%98<0,+8<0&:*.&Q1.0#%:*%*%&Z*+8381%*%&V\(::089>(9&(%:&
@08%,k89>(9W & J(> & @f%L.*,89>(9N & 91:#99 & 98<0 & #(<0 & :8* & =*0.0*8, & :*. & "#$#%*. & )*8:*%&
[+#()*%9.8<0,(%3*%&J(1.:%*,56cd& @1&+#99*%&98<0&:8Q*.9*&^9$*L,*&%8<0,&*8%:*(,83&Q1%*8%#%:*.&
,.*%%*%5&7*.&D#L,1.&:*.&T*.(%.*8%83(%3&:(.<0&=*%9,.(#,81%&(%:&F%,)8%:(%3&#+9&K.8,*.8(>&
3*3*% & :8* & R*8)+8<0* & /0.1%21+3* & (%: & :8* & :#>8, & Q*.)(%:*%*% & #(9J(2-0.*%:*% & H*.*>1%8*%&
,#(<0,&)*89$8*+9R*89*&91R10+&8>&\(::089>(96cg&#+9&#(<0&8>&@08%,k89>(96c?&#(2N&:8*9&R#.&#(<0&
9<01%&J(&2.-0*.*%&H*8,$(%L,*%&8%&:*.&[*9<08<0,*&:*.&D#++N&:#&98<0&R*9*%,+8<0*&r0#.#L,*.J-3*&
)*8:*.&[+#()*%9.8<0,(%3*%&9<01%&)#+:&%#<0&80.*.&^%L(%2,&8%&"#$#%&Q*.>89<0,*%5
C;0.*%: & )*8> & K1%2(J8#%89>(9 & (%: & :*> & \(::089>(9 & :#9 & @<0*># & :*. & >;%%+8<0*%&
j)*.+*3*%0*8,&8>&^++3*>*8%*%&3+*8<0&89,N&89,&*9&)*8>&\(::089>(9&(%:&:*>&@08%,k89>(9&:#9&
@,83>#&:*.&S%.*8%0*8,5&7*%%1<0&>(99&>#%&08*.&(%,*.9<0*8:*%5&C;0.*%:&:*>&0/'#!$&:8*&P:**&
:*9&9-%:83*%&7#9*8%9&:*.&D.#(&8>&[.(%:*&3*%1>>*%&2.*>:&89,&V*.L*%%,+8<0&:#.#%N&:#99&98*&
>*89,&%(.&,*>$1.;.&#(9&0*8+83*%&v.,*%&1:*.&Q1%&H*.*>1%8*%&#(93*9<0+199*%&R8.:WN&0#2,*,&:*>&
\(::089>(9&:8*&#+,8%:89<0*&^(22#99(%3&#%N&:#99&:8*&[*)(.,&*8%*9&=*%9<0*%&#+9&91+<0*&R*3*%&
:*.&T*.)8%:(%3&>8,&:*.&@8%%+8<0L*8,&9-%:0#2,&9*856cc& X8%J(&L1>>,&:8*&/#,9#<0*N&:#99&:8*&D.#(&
8>&\(::089>(9&:(.<0&80.*&[*);.2;083L*8,&#+9&S.9#<0*&#++*%&S%0*8+9&38+,N&8%&:*>&:*.&K.*89+#(2&
:*. &C8*:*.3*)(., & %8<0, & (%,*.).1<0*% & R8.:N& R8* & =f& X#%0 & 9<08+:*.,56cm& 7#9 & 80. & #%0#2,*%:*&
P>#3*&:*.&T*.2-0.*.8%&,.;3,&J(>&%*3#,8Q*%&D.#(*%)8+:&8>&\(::089>(9&)*856cb
789L.8>8%8*.*%:*&I.#L,8L*%&98%:&#+91&#(<0&8>&3*3*%R;.,83*%&"#$#%&3#%3&(%:&3;)*5&F9&89,&
%8<0,&91N&:#99&8%&*.9,*.&U8%8*&:*.&K1%2(J8#%89>(9&J(.&=8%:*.R*.,83L*8,&:*.&D.#(&)*83*,.#3*%&
0;,,*N & R8* & 91 & 12, & 9#+1$$ & )*0#($,*, & R8.:5 & "#$#%9 & Z*+8381%*% & 0#)*% & 8% & :8*9*. & X8%98<0,&
*.21+3.*8<0&*8%*&9f%*.3*,89<0*&C8.L(%3&*%,2#+,*,5&^%&*8%83*%&@,*++*%&R(.:*&#)*.&#(<0&98<0,)#.N&
:#99&:8*&@<0R*.L.#2,&:*.&91J8#+*%&T*.0;+,%899*&:*%&D.#(*%&R10+3*91%%*%*&Z*21.>*.&8%&80.*>&
*>#%J8$#,1.89<0*%&F82*.&3*).*>9,&0#,5&X*(,J(,#3*&98%:&:(.<0&:8*&[+*8<09,*++(%3&:*.&D.#(N&:8*&
,*8+R*89*&3*9*,J+8<0&21.<8*.,&R8.:N&/0*9*%&08%98<0,+8<0&80.*.&#%3*)1.*%*%&S%,*.+*3*%0*8,&(%:&
S%.*8%0*8, & (%0#+,)#. & 3*R1.:*%5 & 7#9 & 713># & :*. & Z*+8381% & 21+3, & '*,J, & *8%>#+ & >*0. & :*.&
3*9*++9<0#2,+8<0*% & Z*#+8,;, & (%: & $#99, & 98<0 & #% & :8* & JR#. & 8>>*. & %1<0 & %8<0, & *3#+8,;.*%N & #)*.&
6cd
6cg
6c?
6cc
6cm
6cb
P>&"#0.&ABB?&3#)&*9&L%#$$&6Bc&=8++81%*%&@08%,k89,*%&Vg6N6wW&(%:&L%#$$&bB&=8++81%*%&\(::089,*%&VdANcwW&
)*8&*8%*.&[*9#>,)*QY+L*.(%39J#0+&Q1%&6Am&=8++81%*%&8>&"#0.&ABBc&Vn(*++*`&SM:#,#W5 &H(.&T*.,*8+(%3&:*.&
[+#()*%9.8<0,(%3&98*0*&^3*%<f&21.&r(+,(.#+&^22#8.9&VABB?W`&Z*+8381(9&"(.8:8<#+&I*.91%9&#%:&^:>8%89,.#,81%&
12&Z*+8381(9&^22#8.95&&
•.1L#f&ABB]`&6b6E6b]
•.1L#f&ABB]`&6bA
vL#%1&6bb6`&gB
=f&X#%0`&6Ad
=f&X#%0`&6Ad
gd
J(>8%:*9,&%8<0,&>*0.&122*%&:89L.8>8%8*.*%:*%&T*.0;+,%899*&#%5&@1&0#)*%&:8*&Z*+8381%*%&8%&
"#$#%&*.0*)+8<0&:#J(&)*83*,.#3*%N&[*9<0+*<0,*..1++*%&(%:&:8*&S%3+*8<00*8,&:*.&[*9<0+*<0,*.&
J(&*,#)+8*.*%&(%:&%#<00#+,83&J(&R#0.*%56mB
L"J
^%0$53'.3'$(+$F+^F*/%*+F$(+'$%'.+-./)+$%+7'.+I40$($4%+7'0+!"##$%
$F+P4%('[(+7'.+(4(/&'%+a%0($()($4%
L"J"! B/0+=47'&&+7'.+(4(/&'%+a%0($()($4%
7#9&91J81+1389<0*&=1:*++&:*.&,1,#+*%&P%9,8,(,81%&3*0,&J(.-<L&#(2&F.Q8%3&[122>#%5&\*8&,1,#+*%&
P%9,8,(,81%*%&0#%:*+,& *9 &98<0&(>&F8%.8<0,(%3*%N& :*.*% &[*9*++9<0#2,*% &*8%*&#)3*9<0+199*%*N&
Q1% & #%:*.*% & 891+8*.,* & @1J8#+9,.(L,(. & >8, & *8%:*(,83 & :*28%8*.,*%N & 9,.*%3*% & X8*.#.<08*%&
#(2R*89*%5&K+#9989<0*&\*89$8*+*&08*.2-.&98%:&$9f<08#,.89<0*&K+8%8L*%N&P%,*.%#,*N&[*2;%3%899*N&
K+Y9,*.N&K8%:*.E&(%:&^+,*.90*8>*&91R8*&Q*.3+*8<0)#.*&F8%.8<0,(%3*%5&
7#9 & U*)*% & 8% & *8%*. & ,1,#+*% & P%9,8,(,81% & 3*9,#+,*, & 98<0 & 21.>#+ & 9,#.L & .*3+*>*%,8*.,5 & H*%,.#+*9&
=*.L>#+ & 89, & :8* &^(20*)(%3 & :*9 &^38*.*%9 & 8% & Q*.9<08*:*%*%N & #++,;3+8<0*% & U*)*%9)*.*8<0*%N&
R*+<0*&:8*&3.(%:+*3*%:*&91J8#+*&v.:%(%3&)*9<0.*8)*%5&7#9&)*:*(,*,N&:#99&I*.91%*%&8%&*8%*.&
,1,#+*%&P%9,8,(,81%&#%&*8%&(%:& :*>9*+)*%&v.,&9<0+#2*%N&#.)*8,*%&(%:& R10%*%5&F8% &R*8,*.*9&
K*%%J*8<0*% & 98%: & >1%1,1%* & /#3*9#)+;(2* & (%: & :8* & .*3*+>;O83* & C8*:*.01+(%3 & 3*R899*.&
/;,83L*8,*%5&78*&\*3.822+8<0L*8,&:*9&,1,#+*%&r0#.#L,*.9&R8.:&:#%%&.*+*Q#%,N&R*%%&:8*&91J8#+*&
P%,*.#L,81% & >8, & :*. &^(O*%R*+, & :(.<0 & Z*3+*>*%,8*.(%3*%N & #(2 & :8* & :8* & *8%J*+%* & )*,.122*%*&
I*.91% & L*8%*% & F8%2+(99 & 0#,N & *8%3*9<0.;%L, & R8.:56m6& M#<0 & [122>#%% & 98%: & 3*>*8%9#>*&
^(93#%39$(%L,*&2-.&:8*&7*(,(%3&:*9&/#,)*9,#%:*9&*8%*.&,1,#+*%&P%9,8,(,81%&21+3*%:*`&
•
^++*&^%3*+*3*%0*8,*%&:*9&U*)*%9&28%:*%&#%&*8%&(%:&:*.9*+)*%&@,*++*N&(%,*.&*8%&
(%:&:*.9*+)*%&^(,1.8,;,&9,#,,5&
•
78* & =8,3+8*:*. & :*. & P%9,8,(,81% & 2-0.*% & #++* & I0#9*% & 80.*. & ,;3+8<0*% &^.)*8, & 8%&
(%>8,,*+)#.*.&[*9*++9<0#2,&*8%*.&3.1O*%&[.($$*&Q1%&@<08<L9#+93*%199*%&#(9N&
R1)*8&#++*%&:8*&3+*8<0*&\*0#%:+(%3&J(,*8+&R8.:&(%:&#++*&:8*&3+*8<0*&/;,83L*8,&
3*>*8%9#>&Q*..8<0,*%&>-99*%5&
•
^++*&I0#9*%&:*9&^.)*8,9,#3*9&98%:&*G#L,&3*$+#%,N&*8%*&3*0,&J(&*8%*>&Q1.0*.&
)*9,8>>,*%&H*8,$(%L,&8%&:8*&%;<09,*&-)*.N&(%:&:8*&3#%J*&D1+3*&:*.&/;,83L*8,*%&
6mB
6m6
•.1L#f&ABB]`&6mg
H(.&7*28%8,81%&:*.&,1,#+*%&P%9,8,(,81%&98*0*&[122>#%&6bc]`&66225
gg
R8.:&Q1%&1)*%&:(.<0&*8%&@f9,*>&*G$+8J8,*.&21.>#+*.&Z*3*+%&(%:&:(.<0&*8%*%&
@,#)&Q1%&D(%L,81%;.*%&Q1.3*9<0.8*)*%5
•
78* & Q*.9<08*:*%*% & *.JR(%3*%*% & /;,83L*8,*% & R*.:*% & 8% & *8%*> & *8%J83*%&
.#,81%#+*% &I+#%&Q*.*8%83,N &:*. &#%3*)+8<0&:#J(& :8*%,N&:8*&1228J8*++*%&H8*+*&:*.&
P%9,8,(,81%&J(&*..*8<0*%5&
•
/1,#+*&P%9,8,(,81%*%&98%:&91J8#+*&HR8,,*.N&*8%*.9*8,9&C10%E&(%:&U*)*%93*>*8%E
9<0#2,N&#%:*.*.9*8,9&21.>#+*&v.3#%89#,81%56mA&
78*&,1,#+*&P%9,8,(,81%&R*89,&*8%*&F8%9<0.;%L(%3&:*9&91J8#+*%&T*.L*0.9&>8,&:*.&^(O*%R*+,&8%&
Q*.9<08*:*%*. &^., & (%: & C*89* & #(26m]& (%: & >#.L8*., & *8%*% & v.,N & #% & :*> & :8* & U*)*%9)*.*8<0*&
^.)*8,*%N & I.8Q#,+*)*% & (%: & D.*8J*8,3*9,#+,(%3N & (%,*. & *8%*. &^(,1.8,;, & (%: & -)*. & +;%3*.* & H*8,&
J(9#>>*%3*2#99,&R*.:*%5&[122>#%&:822*.*%J8*.,&R*8,*.&2-%2&/f$*%&,1,#+*.&P%9,8,(,81%*%`&
65 T*.91.3(%398%9,8,(,81%*%&2-.&=*%9<0*%N&:8*&#+9&(%2;083N&#)*.&0#.>+19&3*+,*%5
A5 ^(2)*R#0.(%398%9,8,(,81%*% & 2-. & =*%9<0*%N & :8* & 98<0 & 122*%98<0,+8<0 & %8<0, & 9*+)9,&
Q*.91.3*%&LY%%*%&(%:&*8%*&i&R*%%&#(<0&(%)*R(99,*&i&[*2#0.&2-.&:8*&[*9*++9<0#2,&
:#.9,*++*%5
]5 P%9,8,(,81%*%&J(.&F8%9<0+8*O(%3&Q1%&I*.91%*%N&:8*&*8%*&)*R(99,*&\*:.10(%3&2-.&:8*&
ƒ22*%,+8<0L*8,&)*:*(,*%5
d5 P%9,8,(,81%*%N & :8* & 2(%L,81%#+ & :*28%8*., & R*.:*% & (%: & :8* & T*..8<0,(%3 & )*9,8>>,*.&
^(23#)*%&*.>Y3+8<0*%&91++*%5
g5 P%9,8,(,81%*%N&:8*&:*>&Z-<LJ(3&Q1%&:*.&C*+,&:8*%*%56md
L"J"1 B$'+?/@/%$053'+=4%/.53$'+/&0+(4(/&'+a%0($()($4%
D-. & :8*& 3*%:*.,0*1.*,89<0*& \*,.#<0,(%3 &:*. &/0*>#,8L & :*.&R*8)+8<0*%&/0.1%21+3*&98%:& Q1.&
#++*>&:8*&+*,J,*%&)*8:*%&/f$*%&Q1%&P%,*.*99*5&
H(> & Q8*.,*% &/f$(9` & 7#9 & '#$#%89<0* & K#89*.0#(9 & )*J8*0(%39R*89* & :*. &!"##$& +;99, & 98<0 & #+9&
P%9,8,(,81%&Q*.9,*0*%N&:8*&#%&:*.&@$8,J*&*8%*9&@,##,*9&9,*0,N&@f>)1+&:*9&T1+L*9&89,&(%:&>8,&:*>&
!"##$& :#9 & v)*.0#($, & :*9 & @08%,k89>(9 & .*$.;9*%,8*.,N & R*%% & #(<0 & L*8%* & $1+8,89<0* & =#<0,&
Q1.+8*3,5 & P> & X8%)+8<L & #(2 & :*% & 2-%2,*% & /f$(9 & L#%% & >#% & 9*+)9,Q*.9,;%:+8<0 & %8<0, & :8*&
\*0#($,(%3 & #(29,*++*%N & :#9 & K#89*.0#(9 & R-.:* & J(> & HR*<L & :*. & ^)9<01,,(%3 & Q1% & :*.&
^(O*%R*+, & (%: & 9*8%*. & [*9*++9<0#2, & *G89,8*.*%5 & 7*%%1<0 & L#%% & 98<0 & :*. & #(O*%9,*0*%:*&
6mA
6m]
6md
[122>#%&6bc]`&6c225
[122>#%&6bc]`&6m
[122>#%&6bc]`&6?
g?
\*1)#<0,*.&#(23.(%:&:8*9*9 &9$*J8289<0*%&C*9*%9 &:*.&P%9,8,(,81%&:*.&'#$#%89<0*%&=1%#.<08*&
:8*9*9&F8%:.(<L9&L#(>&*.R*0.*%5&
7#9&K#89*.0#(9&38+,&#+9&Q*.3+*8<09R*89*&L1%9*.Q#,8Q5&\89&J(>&F%:*&:*9&HR*8,*%&C*+,L.8*39&
0#,,*&:*.&!"##$&*8%*%&31,,;0%+8<0*%&@,#,(9&8%%*&(%:&0#,,*&98<0&J(&L*8%*>&Q1.0*.83*%&H*8,$(%L,&
122*%&#%&9*8%&T1+L&3*R#%:,5&=8,&:*.&K#$8,(+#,81%&"#$#%9&(%:&:*.&^(23#)*&:8*9*9&@1%:*.9,#,(9&
91R8*&:*.&:#>8,&Q*.L%-$2,*%&Z#:81#%9$.#<0*&:*9&@0kR#&/*%%k&#>&6g5&^(3(9,&6bdg&R#.&*.&
:*. & ).*8,*% & ƒ22*%,+8<0L*8, & *.9,>#+9 & $.;9*%,56mg& C*8,*.08% & R#. & X8.108,1 & :*. & *.9,* &!"##$N & :*.&
^(9+#%:9.*89*%&(%,*.%#0>5
@1&3*9*0*% &0#,&98<0&)89&0*(,*&8>&'#$#%89<0*% &K#89*.0#(9N&:8*&M;0*&J(>&T1+L&)*,.*22*%:N&
%#,-.+8<0&*8%*&*%1.>*&F%,R8<L+(%3&Q1++J13*%5&7#9&K#89*.$##.&^L808,1&(%:&=8<08L1&%8>>,&
.*$.;9*%,#,8Q* & (%: & L#.8,#,8Q* & ^(23#)*% & R#0.N & JR*8>#+ & 8> & "#0. & 9$.8<0, & :*. &!"##$ )J(.&
#++3*>*8%*% & \*QY+L*.(%36m?N & :8* & J( & :8*9*> & HR*<L & *,R#9& %;0*. & 8%& :#9 & R*8,+;(283*N&
#)3*9<01,,*,*&^.*#+&Q1.3*+#99*%&R8.:N&#+9&*9&#%&3*RY0%+8<0*%&/#3*%&:*.&D#++&89,5&F8%&^(2,.*,*%&
!8%L13%8,14&1:*.&*8%&S.+#()&8%&D.*8J*8,L+*8:(%3N&R8*&*9&8%&*(.1$;89<0*%&KY%8390;(9*.%&%8<0,9&
S%3*RY0%+8<0*9&89,N&R;.*&2-.&:#9&'#$#%89<0*&K#89*.0#(9&(%:*%L)#.N&91R8*&:8*&/#,9#<0*N&:#99&
)*89$8*+9R*89*&#(<0&L*8%*&D1,19&:*.&K#89*.2#>8+8*&#%&:8*&ƒ22*%,+8<0L*8,&3*+#%3*%N&:8*&%8<0,&2-.&
:8*9*&)*9,8>>,&98%:5
C8* & )*.*8,9 & 8% & :*% & r0#.#L,*.89,8L*% & :*. & ,1,#+*% & P%9,8,(,81% & 8% & K#$8,*+ & d5]56 & #%3*.899*%N&
(%,*.+8*3*%&:8*&K1>>(%8L#,81%&:*.&^%3*0Y.83*%&,1,#+*.&P%9,8,(,81%*%&:*.&D.*>:L1%,.1++*&(%:&
:8* & ^L,8Q8,;,*% & *8%*9 & P%:8Q8:((>9 & )89 & 8%9 & 7*,#8+ & :*% & .*9,.8L,8Q*% & Z*3(+#.8*% & (%:&
\*(.,*8+(%3*%&:*9&I*.91%#+95&78*&^(,1>8*&:*9&X#%:*+%9&R8.:&Q*.+*,J,5 6mc& 7*.&P%9#99*&L#%%&
98<0&:*>&7.(<L&:*.&80%&)*(.,*8+*%:*%&I*.91%*%&(%:&:*%&=#9<0*%&:*9&HR#%3*9N&8%&:*%*%&*.&
3*2#%3*%&89,N&%8<0,&10%*&R*8,*.*9&*%,J8*0*%56mm
l0%+8<0* & /*%:*%J*% & +#99*% & 98<0 & #(<0 & 8> & '#$#%89<0*% & K#89*.0#(9 & )*1)#<0,*%5 & @*+)9,E
Q*.9,;%:+8<0&L#%%&:#9&'#$#%89<0*&K#89*.0#(9&8%&9*8%*.&[*9#>,0*8,&%8<0,&#+9&,1,#+*&P%9,8,(,81%&
)*J*8<0%*, & R*.:*%N & *9 & 89, & Q8*+>*0. & *8% & [*2;%3%89 & 9f>)1+89<0*. & ^.,5 & F8% & T*.3+*8<0&
:8*9)*J-3+8<0&*.21.:*.,&*8%*&9*%98)+*&(%:&91.32;+,83*&X*.#%3*0*%9R*89*5&7*%%1<0&R*89,&*9&8%&
9*8%*. & F8%J83#.,83L*8, & i & Q*.3+8<0*% & >8, & #%:*.*% & =1%#.<08*% & i & 3*R899* & =*.L>#+* & (%:&
I#.#++*+*%&J(&*8%*.&,1,#+*%&P%9,8,(,81%&#(25&F9&0#%:*+,&98<0&%;>+8<0&8%&:*.&/#,&(>&*8%*&.*+#,8Q&
#)3*9<0+199*%* & @1J8#+9,.(L,(. & >8, & Q*.3+*8<09R*89* & 3*.8%3*> & ^(9,#(9<0 & J( & :*. & 98*&
(>3*)*%:*%&[*9*++9<0#2,5&
6mg
6m?
6mc
6mm
K8.<0>#%%&6bmb`&b?Ebc
78*9*&Y22*%,+8<0*%&^(2,.8,,*&28%:*%&#>&[*)(.,9,#3&^L808,19N&:*>&A]5&7*J*>)*.N&(%:&J(&M*('#0.&9,#,,5&&
[122>#%&6bc]`&dg
[122>#%&6bc]`&dm
gc
L"J"J A'053&'53('..4&&'%+$%+7'.+(4(/&'%+a%0($()($4%+)%7+$3.'+T'&':/%U+;W.+7$'+-./*'+++++++
7'.+8'$9&$53'%+>3.4%;4&*'
K*99*+&(%:&@83%1.8&VABB?W&.*2+*L,8*.*%&Q1.&:*>&X8%,*.3.(%:&:*.&/0*1.8*&Q1%&[122>#%&-)*.&
:8* & @*3.*3#,81% & :*. & [*9<0+*<0,*. & 8%%*.0#+) & (%: & #(O*.0#+) & *8%*. & ,1,#+*% & P%9,8,(,81%5 & @8*&
$19,(+8*.*%N&:#99&9*+)9,&,1,#+*&P%9,8,(,81%*%&%8*&*8%* &}L*8>2.*8*~& Z*8%L(+,(.&:*.&[*9<0+*<0,*.&
98%:56mb& =*0.&%1<0`&:8*&[*9<0+*<0,*.9*3.*3#,81%&89,&98,(#,8Q&(%:&#%&L1%L.*,*&91J8#+* &}v.,*~&
3*)(%:*%5 & "* & %#<0 & v., & 9$8*+*% & @,#%:N & [*9<0+*<0,N & [*%*.#,81% & (%: & #%:*.* & [.($$*%E
J(3*0Y.83L*8,*%&(%,*.9<08*:+8<0*&Z1++*%5&78*&:#J(3*0Y.83*%&S>3#%3921.>*%&(%:&I.1J*99*&
:*. & 91J8#+*% & P%,*.#L,81% & 98%:N & 089,1.89<0 & R#%:*+)#.N & 2-. & :8* & >*89,*% & [*9*++9<0#2,9)*.*8<0*&
Q1.3*3*)*%56bB& P% & :8*9*> & D#++ & )*:*(,*, & *9N & :#99 & :8* & >#%82*9,8*.,*% & [*9<0+*<0,*..1++*%&
8%L+(98Q*&:*.&>8,&80%*%&Q*.L%-$2,*%&F.R#.,(%3*%&8%&:8*9*.&891+8*.,*%&@1J8#+89#,81%&)*91%:*.9&
122*%98<0,+8<0&R*.:*%5&@8*&;(O*.,&98<0&)*89$8*+9R*89*&8%&:*.&/.#:8,81%&*8%*9&>;%%+8<0*%&!"##$N&
:*>&:8*&R*8)+8<0*&/0.1%21+3*&L+#.&*%,3*3*%&9,*0,5&^.:*%*.N&\*.%#.:&(%:&=<r1.>#<L&9,*++*%&
2*9,N&:#99&*9&JR*8&(%,*.9<08*:+8<0*&Z*#+8,;,*%&:*.&S>R*+,R#0.%*0>(%3&Q1%&=;%%*.%&(%:&
D.#(*% & 38),` & !*8%* & y:1>8%#%,*y & V>;%%+8<0 & :*,*.>8%8*.,*W & (%: & *8%* & y(%,*.:.-<L,*y & V#% & :*.&
D.#(*%N&#)*.&#(<0&=8%:*.0*8,*%N&>#.38%#+898*.,*&[.($$*%&(9R5W&8%&(%,*.9<08*:+8<0*.&C*89*&
,*8+0#)*%546b6&&[122>#%9&r0#.#L,*.89,8L*%&:*.&,1,#+*%&P%9,8,(,81%&R8*:*.(>&+#99*%&98<0&#(2&:8*&
3*9*++9<0#2,+8<0*&@,*++(%3&:*.& D.#(& -)*.,.#3*%`& 78*&R*8)+8<0*& S%,*.1.:%(%3 &R8.:& #(2&*8%*&
^.)*8,9,*8+(%3 & J(.-<L3*2-0.,N & :8* & :#9 &^L,81%92*+: & :*. & D.#(*% & #(2 & *%3* &^(23#)*%)*.*8<0*&
.*:(J8*.,5&!78*&/1,#+8,;,&:*.&P%9,8,(,81%&R8.:&:#:(.<0&3*R;0.+*89,*,N&:#99&:*>&P%9#99*%&L*8%*&
=Y3+8<0L*8,&:*9&Z-<LJ(39&#(2&*8%&*83*%*9&/*..8,1.8(>&J(3*9,#%:*%&R8.:5&78*&y$*.9Y%+8<0*%&
[.*%J*%y&Q1%&D.#(*%&R*.:*%&$*.>#%*%,&Q*.+*,J,&i&Q*.)#+N&.;(>+8<0N&$0f989<0&(9R546bA& 7*.&
F8%,.8,,& 8%&:8*&,1,#+*&P%9,8,(,81%& !)*:*(,*,&0;(283&J(3+*8<0&*8%*&^.,&Q1%& y<8Q8+&:*#,0yN&*8%*9&
^(99<0*8:*%9&#(9&:*>&@,#,(9&:*9&%1.>#+*%&[*9*++9<0#2,9>8,3+8*:946b]& (%:&:#9&^)+*3*%&:*.&
8%:8Q8:(*++*% & P:*%,8,;,6bd5 & ^> & \*89$8*+ & K.1%$.8%J*998% & =#9#L19 & R8.: & :8* & 1)+83#,1.89<0*&
^(23#)*&:*.&I*.9Y%+8<0L*8,&9*0.&:*(,+8<05&C8*&80.*&@<0R8*3*.>(,,*.&K#89*.8%&=8<08L1&(%:&
80.*&@<0R;3*.8%&K8L1&89,&98*&)-.3*.+8<0*.&X*.L(%2,5&71<0&#+9&*8%J83*&0#,&98*&>#998Q*N&#(<0&8%&
6mb
6bB
6b6
6bA
6b]
6bd
K*99*+N&@83%1.8&ABB?`&66c
K*99*+N&@83%1.8&ABB?`&66c
\*.%#.:N&@<0+#22*.&6bcm`&d??t&%#<0&^.:*%*.&V6bcgWN&\*.%#.:&V6bc]WN&=<r1.>#<L&V6bcgW
\*.%#.:N&@<0+#22*.&6bcm`&dc6
\*.%#.:N&@<0+#22*.&6bcm`&d?b
[122>#%&V6bc]`&AgEgdW&+8*2*.,&*8%*&9*0.&:.#9,89<0*&@<08+:*.(%3&:8*9*9&=*<0#%89>(9yN&:*.&8%&:8*9*.&D1.>&
8>>*%9 & -)*.,.8*)*% & (%: & :*90#+) & >8, & :*% & T1.3;%3*% & 8> & '#$#%89<0*% & K#89*.0#(9 & %8<0, & Q*.3+*8<0)#. & 89,5&
^++*.:8%39 & Q*.:*(,+8<0*% & :8* & ^(92-0.(%3*% & :*9 & 913*%#%%,* & 7*>-,83(%39$.1J*99*9 & :*% & T*.+(9, & :*.&
P%:8Q8:(#+8,;,N&R8*&98*&*)*%&#(<0&8>&K#89*.0#(9&J(&)*1)#<0,*%&89,5&
gm
:8* & =*:8*% & (%: & 91>8, & 8% & :8* & ƒ22*%,+8<0L*8, & ,.#%9$1.,8*.,* &^%$#99(%399<0R8*.83L*8,*%5 &^+9&
78$+1>#,*%,1<0,*. & 9,(:8*.,* & 98* &C8.,9<0#2,9R899*%9<0#2,*% & (%: & 8%,*.%#,81%#+* & \*J8*0(%3*%&
(%: & R#. & 8> & '#$#%89<0*% &^(O*%>8%89,*.8(> & ,;,83N & )89 & 98* & 6bb] & #+9 & K.1%$.8%J*998% & 8% & :#9&
K#89*.0#(9&*8%0*8.#,*,*56bg& 7*.&$*.>#%*%,*&7.(<L&(%:&:8*&D.*80*8,9*8%9<0.;%L(%3*%&;(O*.%&
98<0&%(%&9<01%&8%&'#0.*+#%3&#%0#+,*%:*%&7*$.*9981%*%5
78*&@8,(#,81%&:*.&'#$#%89<0*%&/0.1%21+3*&+;99,&*8%*%&T*.3+*8<0&>8,&:8*9*.&Z*9,.8L,81%&J(5&!P%&
$#,.8#.<0#+89<0*%&[*9*++9<0#2,*%&89,&:8*&\*R*3(%392.*80*8,&:*.&D.#(&V555W&*8%3*9<0.;%L,N&(>&98*&
#(9&:*%&Y22*%,+8<0*%&\*.*8<0*%&#(9J(9<0+8*O*%546b?& ^(<0&R*%%&:8*&'#$#%89<0*&[*9*++9<0#2,&
*8%*&$#,.8#.<0#+89<0&1.8*%,8*.,*&89,N&>(99&)*.-<L98<0,83,&R*.:*%N&:#99&:8*9*9&r0#.#L,*.89,8L(>&
%8<0, & #(99<0+8*O+8<0 & 2-. & :8* & @*$#.#,81% & :*9 & K#89*.0#(9*9 & (%: & 9*8%*. & =8,3+8*:*. & #% & 98<0&
Q*.#%,R1.,+8<0&89,5&X8*.&9$8*+,&:#9&I.8Q8+*3&:*9&,.#:8*.,*%&31,,;0%+8<0*%&@,#,(9&:*9&!"##$&*8%*&
%8<0,&(%*.0*)+8<0*&Z1++*N&:*.&>8,&:*.&F%,9#3(%3&:*.&[Y,,+8<0L*8,&6bdg&%(.&2#L,89<0N&#)*.&%8<0,&
8:**++&*%:*,*5&78*9*9&!I.8Q8+*34&2-0.,*&-)*.&"#0.0(%:*.,*&J(&*8%*.&*G$1%8*.,*%&U*)*%998,(#,81%&
2*.%#) & Q1% & \*QY+L*.(%3 & (%: & 3*9*++9<0#2,+8<0*. & Z*#+8,;,5 &=#%82*9,8*.,*N & 2*9,3*2#0.*%*&
[*9<0+*<0,*..1++*%&8> &!"##$E@f9,*>N&R8*&98*&#(<0&8%&:*.&,1,#+*%&P%9,8,(,81%&J(&28%:*%&98%:N&
Q*.08%:*.%&:8*&R*8)+8<0*&/0.1%21+3*5&
^(O*.:*> & )*:*(,*%: & 2-. & :#9 & K#89*.0#(9 & #+9 & ,1,#+* & P%9,8,(,81% & 8% & T*.)8%:(%3 & >8,&
[*9<0+*<0,*..1++*%&89,&21+3*%:*&^(99#3*&[122>#%9&08%98<0,+8<0&:*9&)*9<0.;%L,*%&K1%,#L,*9&
>8,&:*.&^(O*%R*+,`&
!^++ & :8*9* & \*9<0.;%L(%3*% & :*9 & K1%,#L,9 & ,.#3*% & Q*.>(,+8<0 & :#J( & )*8N & :8*9*&
#%,#31%89,89<0*%&@,*.*1,f$*%&#(2.*<0,J(*.0#+,*%5&F9&*%,R8<L*+%&98<0&JR*8&Q*.9<08*:*%*&
91J8#+* & (%: & L(+,(.*++* & C*+,*%N & :8* & >8, & *8%83*% & 1228J8*++*% & \*.-0.(%39$(%L,*%&
%*)*%*8%#%:*. & 0*. & )*9,*0*%N & 98<0 & '*:1<0 & L#(> & 3*3*%9*8,83 & :(.<0:.8%3*%5&
\*J*8<0%*%:*.R*89*&9*0*%&91R10+&@,#)&#+9&#(<0&:8*&P%9#99*%&:#9&[*);(:*9&R8*&:*%&
M#>*%&:*.&P%9,8,(,81%&#+9&*,R#9&:*>&@,#)&[*0Y.*%:*9&#%N&91&:#O&)*8:*&[.($$*%N&R*%%&
98* & Q1% & \*+#%3*% & :*. & P%9,8,(,81% & 9$.*<0*%N & 98<0 & 8>$+8J8, & V555W & #(2 & :8* & \*+#%3* & (%:&
P%,*.*99*% & :*9 & @,#)*9 & )*J8*0*%5 & 78* & /.*%%(%3 & JR89<0*% & @,#) & (%: & P%9#99*% & 89,&
0#($,9;<0+8<0&D1+3*&:*.&)-.1L.#,89<0*%&D-0.(%3&3.1O*.&=*%9<0*%3.($$*%t&#%&JR*8,*.&
@,*++*&9,*0,&:8*&^.)*8,546bc&
[122>#% & :822*.*%J8*., & J(%;<09, & JR89<0*% & JR*8 & I*.91%*%3.($$*%` & *8%*. & L1%,.1++8*.*%:*%&
P%9,#%JN&:*>&^(298<0,9$*.91%#+N&(%:&:*%&P%9#99*%5&^+9&^(298<0,9$*.91%#+&+;99,&98<0&8>&D#++*&
:*9 & K#89*.0#(9*9 & :*. & X129,#)N & :#9 & Q*.2#99(%39.*<0,+8<0* & Z*3*+R*.L & (%: & %8<0, & J(+*,J, & :8*&
6bg
6b?
6bc
F8%*&+*8<0,&$1+*>89<0*&\813.#28*&-)*.&K.1%$.8%J*998%&=#9#L1&Q*.2#99,*%&=#.,8%&D.8,J&(%:&K1)#f#908&e1L1&
VABBgW`&I.8%J*998%&=#9#L1&i&7*.&3*2#%3*%*&@<0>*,,*.+8%35&7#9&7.#>#&#>&'#$#%89<0*%&K#89*.0125
\*.%#.:N&@<0+#22*.&6bcm`&d??
[122>#%&6bc]`&AB
gb
F8%.8<0,(%3 & :*9 &+,#-'./$6bm& 8:*%,828J8*.*%N & :8* & :*. & P%9,8,(,81% & 80.*% & @,#,(9 & (%: & 80.* & Z1++*&
Q1.3*)*%5&@*8,&:*.&!"##$&>8,&F%:*&:*9&HR*8,*%&C*+,L.8*39&9*8%*.&$1+8,89<0*%&=#<0,&*%,01)*%&
R(.:*N&L1>>,&:*>&L#89*.+8<0*%&X12#>,&:8*&Z1++*&:*.&!@,*(*.(%34&:*9&K#89*.0#(9&J(5&78*&
L#89*.+8<0*&D#>8+8*&(%:&08*.&91R10+&D.#(*%&#+9&#(<0&=;%%*.&Q*.LY.$*.%&:8*&P%9#99*%5&7(.<0&
:8* & $1+8,89<0* & P%9,#%J & R*.:*% & 3*9<0+*<0,*.9$*J8289<0* & Z1++*% & Q1.3*3*)*%N & 8%:*> & 98* & :*%&
>;%%+8<0*%&=8,3+8*:*.%&:*.&L#89*.+8<0*%&D#>8+8*&:8*&Z1++*&:*9 &!"##$& J(1.:%*,N&:*%&D.#(*%&
#++*.:8%39&3*%#(3*%1>>*%&!%(.4&:#9&[*);.*%&*8%*9&/0.1%21+3*.9N&R1>8,&:*.&\13*%&J(&:*%&
(.9$.-%3+8<0*% & j)*.+*3(%3*% & 8> & Z#0>*% & :*. & D.#(*%)*R*3(%3*% & (%: & :*9 & D*>8%89>(9&
3*9$#%%, & R8.:5 & 7#9 & ^(298<0,9$*.91%#+ & 8% & D1.> & :*. & I1+8,8L & ,.*%%, & =#%% & (%: & D.#(&
:#08%3*0*%:N&:#99&98<0&*8%&>;%%+8<0&:1>8%8*.,*9&X*..9<0#2,9)8+:&*.38),5&7*.&[.(%:9,*8%&2-.&
:8*&Q*.2#99(%39.*<0,+8<0*%&\*9,8>>(%3*%N&:8*&:8*&R*8)+8<0*&/0.1%21+3*&#(99<0+8*O*%N&R(.:*&
9<01%&>8,&@<0#22(%3&:*9&=*8'8E3$0/'!0,)!"#9-#& 3*+*3,5&D.#(*%&%*0>*%&8%&:8*9*>&>;%%+8<0&
:1>8%8*.,*%&X*..9<0#2,9)8+:&*8%*&:*Q1,*&(%:&:8*&80%*%&(.9$.-%3+8<0&J(3*:#<0,*&Z1++*&%#<0&
:*>&=(9,*.&:*9&K1%2(J8#%89>(9&*8%5&7#9&Z*9(+,#,&:8*9*9&/0*1.8*EF+*>*%,*9&:*<L,&98<0&>8,&
:*%&F.3*)%899*%&:*.&-).83*%&)*8:*%5&
6bm
H(.&\*9<0.*8)(%3&:*9&+,#-'./$&98*0*&#(<0&D(O%1,*&]
?B
Y"
-/U$(+,+E)09&$5H
78*&T1.3*0*%9R*89*N&98<0&-)*.&#(93*R;0+,*&^.3(>*%,*&3*3*%&:8*&R*8)+8<0*&/0.1%21+3*&8%&
"#$#% & #% &:8* & S.9#<0*% & :*. & @<0R8*.83L*8,*% & (%: & X-.:*% & :8*9)*J-3+8<0 &0*.#%J(,#9,*%N &91++&
L*8%*9R*39&-)*.&:8*&:#2-.9$.*<0*%:*%&^.3(>*%,*&08%R*3,;(9<0*%N&J(>#+&98*&(%R*83*.+8<0&
9<0R*.*. & R8*3*%5 & F9 & 89, & :8* & #)9*0)#.*N & 9<0.(>$2*%:* & H#0+ & :*. & /0.1%#%R;.,*.N & :8* & :8*&
C8*:*.*8%2-0.(%3&:*.&R*8)+8<0*%&/0.1%21+3*&#(2&7#(*.&R10+&(%#(9R*8<0+8<0&>#<0,5&
7*.&8%&"#$#%&010*&$1+8,89<0*&@,*++*%R*.,&:*.&789L(9981%&(>&:8*&R*8)+8<0*&/0.1%21+3*&R(.:*&
#++*8% & #%0#%: & :*. & .#9<0*% & ^)21+3* & :*. & X#%:+(%399<0.8,,* & :*(,+8<0N & :8* & 8> & H(3* & :*9&
^>,9R*<09*+9&K18J(>8&"(%y8<08.k&„&^)*&@08%Jk&(%,*.%1>>*%&R(.:*%5&\*.*8,9&*8%83*&/#3*&
%#<0&^>,9#%,.8,,&:*9&%*(*%&I.*>8*.>8%89,*.9&F%:*&@*$,*>)*.&ABB?&+8*O&:8*9*.&:(.<0)+8<L*%N&
:8* & P>$+*>*%,8*.(%3 & *8%*9 & [*9*,J*9 & J(. & R*8)+8<0*% & /0.1%21+3* & J(%;<09, & %8<0, & R*8,*.&
Q1.#%,.*8)*%&J(&R1++*%5&@,#,,:*99*%&R(.:*%&$*.&!%*R&$#.+8#>*%,#.8#%9y&+*#3(*&21.&$.*9*.Q8%3&
,0*&y,.#:8,81%#+&8>$*.8#+&9(<<*9981%&.(+*9y4&C*3*&3*9(<0,N&:8*&/0.1%21+3*&8%&:*.&$#,.8+8%*#.*%&
F.)21+3*&J(&9,;.L*%6bb5&=#%&R8.:&98<0&'*:1<0&*8%*.&F%,9<0*8:(%3&)*J-3+8<0&:*.&R*8)+8<0*%&
/0.1%21+3*&8%&"#$#%&#(2&7#(*.&%8<0,&*%,J8*0*%&LY%%*%N&R8*&:8Q*.9*&^9$*L,*&3*J*83,&0#)*%5&
=8,&:*.&F8%9<0.;%L(%3&:*.&H#0+&:*.&.1f#+*%&D#>8+8*%>8,3+8*:*.&R8.:&8>&U#(2*&:*.&"#0.J*0%,*&
:8*&H#0+&>;%%+8<0*.&/0.1%*.)*%&98%L*%N&91:#99&98<0&"#$#%&8%&#)9*0)#.*.&H*8,&*.%*(,&>8,&:*%&
08*. & :89L(,8*.,*% & D.#3*% & (%: & /0*>*% & L1%2.1%,8*., & 9*0*% & R8.:5 &C#0.9<0*8%+8<0 & 89, & *8%*&
Z*3*+(%3N&%#<0&:*.&R*8)+8<0*&=8,3+8*:*.&:*.&K#89*.2#>8+8*&>8,&*8%*.&)-.3*.+8<0*%&X*8.#,&80.*%&
#:*+83*% & @,#,(9 &%8<0,&Q*.+8*.*% &(%:& 80.&F0*>#%%&9,#,,:*99*%&8%&:8*& D#>8+8*&#(23*%1>>*%&
R8.:5 & @1 & R;.* & J(>8%:*9, & *8% &C*8,*.)*9,*0*% & :*. & @*8,*%+8%8*% & (%: & *8% & 3.YO*.*. & I11+ & Q1%&
/0.1%#%R;.,*.% & 3*R;0.+*89,*,N & #(9 & :*> & 3*9<0Y$2, & R*.:*% & LY%%,*5 &^++*.:8%39 & >-99,* & 8>&
3+*8<0*% & @<0.8,, & :8* & P:** & (%: & /.#:8,81% & :*. & R10+)*0-,*,*%N & 2-. & 8>>*. & (%(%,*.).1<0*%*%&
>;%%+8<0*%&U8%8*&#(23*3*)*%&R*.:*%N&:*%%&:8*&M#<0L1>>*%&#(9&*8%*.&91+<0*%&T*.)8%:(%3&
R;.*%&:#%%&:*.&R*8)+8<0*%&F.)+8%8*&J(J(1.:%*%5&^(O*.:*>&R-.:*&08*.>8,&:*.&3*2-.<0,*,*&
7f%#9,8*R*<09*+&*8%0*.3*0*%5&
7*. & X89,1.8L*. & P%1(* & =8,9(9#:# & JR*82*+, & 3#. & :8*9* & L1%,8%(8*.+8<0* & >;%%+8<0* & U8%8* & #%5 ABB&
@*8%*. & Z*L1%9,.(L,81% & %#<0 & 21+3,* & :8* &^)9,#>>(%3 & JR89<0*% & K*8Lk& /*%%k& V6A5 &!"##$N&
Z*3*%,9<0#2,&Q1%&c6&)89&6]B&%5&r0.5W&(%:&M8%,1L(&/*%%k&V6?5&!"##$N&Z*3*%,9<0#2,&Q1%&]6]&)89&
]bb & %5 & r0.5W) *%,3*3*% & :*. & 7#.9,*++(%3 & 8> &3&%'+'& (%: &2'/&# ) 0/&+'& %8<0, & :*. & >;%%+8<0*%N&
91%:*.%&:*.&R*8)+8<0*%&F.)+8%8*5AB6&7#>8,&R;.*&:8*&^.3(>*%,#,81%&>8,&:*.&(%(%,*.).1<0*%*%&
6bb
ABB
AB6
@08++1%f&ABB?`&6dN&%#<0&/0*&"#$#%&/8>*9&Q1>&656B5ABB?
M#L#%1&ABBd`&6cB225
@8*0*&[*3*%-)*.9,*++(%3&:*.&@,#>>);(>*&8%&M#L#%1&ABBd`&6c6
?6
>;%%+8<0*%&U8%8*&%8<0,&>*0.&#(2.*<0,J(*.0#+,*%5&78*9*&R*9*%,+8<0*&F.L*%%,%89&R(.:*&'*:1<0&
)890*. & Q1% & :*. &R899*%9<0#2,+8<0*% &C*+, & %8<0, & #(2 &).*8,*. &\#989 &#%*.L#%%,N & >Y3+8<0*.R*89*&
#(23.(%:&:*.&/#,9#<0*N&:#99&:8*&[*9<0*0%899*&8%&:8*&H*8,&:*.&=f,01+138*&*8%J(1.:%*%&(%:&
:#0*.&R*:*.&Q*.828J8*.)#.&%1<0&2#+9828J8*.)#.&98%:5&78*&D.#3*&*8%*.&R*8)+8<0*%&!"##$&R;.*&#)*.&
,.1,J&:*.&*)*%&3*%#%%,*%&v$,81%&R*8,*.08%&(%3*L+;.,&(%:&#(23*9<01)*%N&R*%%&%8<0,&913#.&
Q1.*.9,&3#%J&#(93*.;(>,5&7#%%&>-99,*&:8*&D.#3*&#(2&:*.&\#989&:*.&[*9<0+*<0,*.3+*8<09,*++(%3&
R8*:*.&#(23*3.822*%&R*.:*%5
C;0.*%:&8%&:*.&'#$#%89<0*%&=1%#.<08*&#(99<0+8*O+8<0&:8*&/0.1%21+3*&*8%*9&=#%%*9&#(9&:*.&
>;%%+8<0*%&U8%8*&>Y3+8<0&89,N&R8.:&8%&*(.1$;89<0*%&KY%8390;(9*.%&>*89,&*,R#9&+8)*.#+*.N&(%:&
JR#.&%#<0&:*>&I.8%J8$&:*.&I.8>13*%8,(.&1:*.&:*9&>;%%+8<0*%&T1.J(39&(%,*.&[*9<0R89,*.%&
Q1.3*3#%3*%5&7*.&>1>*%,#%*N&#%0#+,*%:*&/.*%:&3*0,&08%&J(&)-.3*.+8<0*%&\.;(,*%5&71<0&#(<0&
:#Q1.&R#.&*9&S9(9N&%8<0,&Q*.R*.2+8<0&1:*.&913#.&:*%&8%,*.%#,81%#+*%&\*J8*0(%3*%&J(,.;3+8<0N&
8%&KY%8390;(9*.%&#%:*.*.&U;%:*.&#(2&.1f#+*&\.#(,9<0#(&J(&3*0*%5&F8%&91+<0*9&T1.3*0*%&89,&8%&
"#$#%N & %8<0, & J(+*,J, & #(23.(%: & 9*8%*. & 891+8*.,*% & 3*13.#289<0*% & U#3* & #> & ;(O*.9,*% & Z#%:&
v9,#98*%9 & (%: & 9*8%*. & :#.#(9 & .*9(+,8*.*%:*% & 8%:8Q8:(*++*%N & *G,.#1.:8%;.*% & X89,1.8*N & %8<0,&
>Y3+8<0N&R*%%&%8<0,&913#.&(%:*%L)#.5
M1<0&8>&"#0.&ABB?&9,*++,*&\*%E^>8&@08++1%f&8%&9*8%*>&^(29#,J&!C8++&#%&*>$.*99&9#Q*&,0*&
"#$#%*9*&=1%#.<0f_ABA& :8*&D.#3*&%#<0&*8%*.&L-%2,83*%&Z*3*%,9<0#2,&X89#08,195&78*9*&D.#3*&
9<0*8%,&>8,,+*.R*8+*&J(>8%:*9,&8%1228J8*++&)*#%,R1.,*,&i&J(3(%9,*%&:*9&8%JR89<0*%&3(,&JR*8&
"#0.*&#+,*%&I.8%J*%5&@1&89,&:#9&/0.1%21+3*:8+*>>#N&8%&R*+<0*>&98<0&:8*&'#$#%89<0*&=1%#.<08*&
0*(,* & )*28%:*,N & %8<0, & J(+*,J, & :#9 & F.3*)%89 & :.*8*. & >8,*8%#%:*. & Q*.R1)*%*. & (%: & 98<0&
)*:8%3*%:*.&D#L,1.*%N&:*.*%&C(.J*+%&8%&:*.&[*9<08<0,*&)*3.-%:*,&+8*3*%5&F.9,*%9&:8*&%8<0,&
2*9,33*9<0.8*)*%*% & /0.1%21+3*.*3*+(%3*% & )89 & J(. & =*8'8EZ*9,#(.#,81%N & :8* & '*,J, & Z#(> & 2-.&
@$*L(+#,81%*% & (%: & Q*.9<08*:*%* & =Y3+8<0L*8,*% & :*. &^(9+*3(%3 & 089,1.89<0*. & [*3*)*%0*8,*%&
+#99*%N&JR*8,*%9&:#9&L1%2(J8#%89<0*&Z*+8L,&V:8*&[*9*++9<0#2,91.:%(%3&8>&^++3*>*8%*%&(%:&:8*&
3*9<0+*<0,*.)*J13*%* & X8*.#.<08* & 8> & @$*J8*++*%W & (%: & :.8,,*%9 & :8* & :#>8, & *8%0*.3*0*%:*&
122*%98<0,+8<0*&789L.8>8%8*.(%3&Q1%&D.#(*%N&8%:*>&98<0&:8*&[*3%*.&)*8&:*.&T*.R*83*.(%3&:*.&
R*8)+8<0*%&/0.1%21+3*&#(2&:8*&R*8)+8<0*&\+(,+8%8*&)*.(2*%5
78*&Z*9(+,#,*&:*.&^.)*8,&.*$.;9*%,8*.*%&:8*&91J8#+*&@,*++(%3&:*.&D.#(&8>&0*(,83*%&"#$#%`&*9&
38),&91&3(,&R8*&L*8%*&K#..8*.*2.#(*%N&%(.&R*%83*&)*.(29,;,83*&D.#(*%N&:8*&Q1++J*8,&)*.(29,;,83&
98%:N&*8%*&*8%:*(,83*N&L+#9989<0*&Z1++*%Q*.,*8+(%3N&:8*N&R*%%&98*&#(<0&%8<0,&*8%9*8,83&)*,.#<0,*,&
R*.:*% & :#.2N & *8%* & %8<0, & J( & +*(3%*%:* & /#,9#<0* & 89,5 & ^(9 & *(.1$;89<0*. & @8<0, & >#3 & :8*&
,.#:8,81%*++* & Z1++*%Q*.,*8+(%3 & :*. & [*9<0+*<0,*. & .-<L9,;%:83 & *.9<0*8%*%N & #(9 & '#$#%89<0*.&
ABA
@08++1%f&ABB?`&6g
?A
Q8*++*8<0, & %(. & )*3.*%J,5 & 71., & 3*%8*O*% & D.#(*% & 0*(,* & #+9 & T*.R#+,*.8%%*% & :*. & 2#>8+8;.*%&
D8%#%J*%&(%:&T*.#%,R1.,+8<0*&2-.&:*%&M#<0R(<09&R8*:*.&)*.*<0,83,*9&^%9*0*%&(%:&9,*++*%&
80.*% & @,#,(9 & #(<0 & 80.*.9*8,9 & R*%83*. & 8% & D.#3*5AB]& ^(<0 & :8*9*9 & 98<0,)#.9,* & I0;%1>*% & :*.&
!789L.8>8%8*.(%34 & 2;++, & 9*+)9,Q*.9,;%:+8<0 & (%,*. & :8* & K#,*31.8* & !>#%82*9,8*.,*.&
K1%2(J8#%89>(94N & R#9 & '*:1<0 & %8<0, & 0*8O*% & 91++N & :#99 & 98<0 & -)*. & "#0.0(%:*.,* & *8%3*$.;3,*&
M1.>*% & (%: & P:*1+138*% & %8<0, & 8% & #%:*.*% & U;%:*.% & 1:*. & K(+,(.L.*89*% & 8% & ;0%+8<0*. & D1.>&
%8*:*.9<0+#3*%5
78*&,8*2*.+8*3*%:*%&S.9#<0*%N&:8*&*8%*.&R*8)+8<0*%&/0.1%21+3*&8>&C*3&9,*0*%N&98%:&8>&U#(2*&
:*.&^.)*8,&122*%98<0,+8<0&3*R1.:*%5&7#)*8&:#.2&(%:&L#%%&#)*.& L*8%*.&:*.&/0*>*%L1>$+*G*&
:*9&Q8*.,*%&K#$8,*+9&9*$#.#,&)*,.#<0,*,&R*.:*%5&78*&D#L,1.*%&3.*82*%&8%*8%#%:*.N&)*:8%3*%&98<0&
(%: & )#(*% & #(2*8%#%:*. & #(2` & :8* & /.#:8,81% & :*. & U8%8*%,.*(*N & :8* & Z*+8381%N & (%: & >8, & :*%&
2*9,3*+*3,*%&[*9<0+*<0,*..1++*%&8%%*.0#+)&*8%*.&891+8*.,*%&[*9*++9<0#2,&#(<0&:*.&\*9,#%:,*8+&
:*. & ,1,#+*%& P%9,8,(,81%5 &@1 & L#%%& L1%9,#,8*., &R*.:*%N & :#99 &:#9 & I.8%J8$& :*.&I.8>13*%8,(. &8>&
L1%2(J8#%89<0*%&I#,.8#.<0#,&9<01%&8%&:*.&T*.3#%3*%0*8,&*8%*%&*%1.>*%&7.(<L&#(2&:8*&D.#(*%&
#(9-),*5 & 7*. & *G,.*> & 010* & @,*++*%R*., & :*. & .*8%*% & \+(,+8%8* & 2-0.,* & J( & *8%*. & Z*3*+(%3 & (%:&
K1%,.1++*&Q1%&KY.$*.N&F.J8*0(%3N&X*8.#,&(%:&9<0+8*O+8<0&@*G(#+8,;,&(%:&^++,#39+*)*%5ABd& P%&
:8*9*.&^(99#3*&Q*.9#>>*+%&98<0&#++*&:.*8&08*.&)*0#%:*+,*%&K1>$1%*%,*%&:*9&,0*1.*,89<0*%&
/*8+9&:*.&^.)*8,N&:8*&80.*&[-+,83L*8,&)89&0*(,*&)*0#+,*%&0#)*%&(%:&98<0&8%&:*.&789L(9981%&(>&
:8*&R*8)+8<0*&/0.1%21+3*&%8*:*.9<0+#3*%5&
&D.#(*%&#(2&:*>&/0.1%&:*9&&!"##$)*)
&
&X89,1
&
&.89<0*9&Z*+8L,&1:*.&H(L(%2,9$*.9$*L,8Q*_
&
&
\*8:* &^%,#31%89>*% & 98%: & 2-. & :8* & Q1.+8*3*%:* & @8,(#,81% & Q*.#%,R1.,+8<05 & HR89<0*% & )*8:*%&
I*.9$*L,8Q*%N & %;>+8<0 & T*.3#%3*%0*8, & (%: & H(L(%2,N & >(99 & 98<0 & :8* & '#$#%89<0* & =1%#.<08*&
:*28%8*.*%N&(>&+#%32.89,83&\*9,#%:&J(&0#)*%5
78*&I.1)+*>#,8L&2(O,&#(2&:*.&!D.#(*%2.#3*45&7#9&!"##$E@f9,*>&91R8*&:#9&2-.&9*8%*&[*9<08<L*&
Q*.#%,R1.,+8<0*&$1+8,89<0*&Z*991.,&$*%:*+,&JR89<0*%&089,1.89<0&>#%82*9,8*.,*%&K1%Q*%,81%*%&
*8%*.9*8,9&(%:&:*>&HR#%3N&98<0&:*.&[*9*++9<0#2,&J(&Y22%*%&#%:*.*.9*8,9N&(>&#(<0&L-%2,83&:8*&
#+9&91&R8<0,83&*8%3*9,(2,*&[(%9,&:*9&T1+L*9&#(2&9*8%*.&@*8,*&J(&0#)*%5&"#$#%&0;+,&#%&R*.,Q1++*%&
/.#:8,81%*% & 2*9,N & :(.<0 & :8* & 98<0 & :#9 & U#%: & 8% & 9*8%*. & F8%J83#.,83L*8, & Q1% & #%:*.*% & K(+,(.*%&
#)3.*%J, & (%: & :8* & #(<0 & %8<0, & 8% & D.#3* & 3*9,*++, & R*.:*% & 91++*%5 &^%:*.*.9*8,9 & >-99*% & :8*9*&
/.#:8,81%*%&i&J(>8%:*9,&:8*&/0.1%21+3*&)*,.*22*%:&i&-)*.R(%:*%&R*.:*%N&(>&#+9&K#89*.0#(9&
2-.&:8*&\*QY+L*.(%3&#,,.#L,8Q&J(&)+*8)*%N&:*%%&#(2&80.&2(O,&9*8%*&U*38,8>#,81%N&(>&*8%&H*8<0*%&
AB]
ABd
T3+5&=-0.+&ABB6
I#L&ABBB`&66b
?]
2-.&:8*&[+*8<09,*++(%3&:*.&D.#(*%&J(&9*,J*%&(%:&9<0+8*O+8<0&9<0+8<0,R*3N&(>&:8*&P%9,8,(,81%&:*9&
!"##$E@f9,*>9&8%&9*8%*>&D1.,)*9,*0*%&%8<0,&J(&3*2;0.:*%5&7*.&@,*++*%R*.,&:*.&U8%8*%,.*(*&)*8&
:*.&C#0+&*8%*9&/0.1%21+3*.9&R8.:&8%&H(L(%2,&Q*.9,;.L,&:(.<0&:*%&3*9*++9<0#2,+8<0*%&C#%:*+&
)**8%2+(99,&R*.:*%5&@1&*.Y22%*%&D1.,9<0.8,,*&8%&:*.&>*:8J8%9<0*%&(%:&3*%*,89<0*%&D1.9<0(%3&
C*3*N& :8*& 8%& :8*&%#,-.+8<0*&>*%9<0+8<0*&D1.,$2+#%J(%3&*8%3.*82*%5&7*>&3*3*%-)*. &9,*0*%&
*,089<0*&\*:*%L*%5&
7#9 & I0;%1>*% & :*. & R*8)+8<0*% &/0.1%21+3* & 8% & "#$#% & 89, & @$8*3*+)8+: & :*. & 91J8#+*% & @,*++(%3&
'#$#%89<0*. & D.#(*%5 & F9 & )+*8), & 2.#3+8<0N & 8%R8*2*.% & >#% & )*8 & :*. & Z1++* & :*. & D.#( & J(L-%2,83&
R*9,+8<0*%&T1.)8+:*.%&21+3*%&R8.:5&78*&F>#%J8$#,81%&:*.&D.#(&8%&:*.&[*9*++9<0#2,&*8%*.9*8,9&
(%:&:8*&F%,R8<L+(%3&:*.&D.#(*%&8>&K#89*.0#(9&#+9&>1%#.<089<0*&P%9,8,(,81%&#%:*.*.9*8,9&98%:&
/0*>*%N&:8*&JR#.&3*,.*%%,&Q1%*8%#%:*.&)*,.#<0,*,&R*.:*%&>-99*%N&:*%%1<0&)**8%2+(99*%&98*&
98<0 & 3*3*%9*8,83N & :*%% & 3*9*++9<0#2,+8<0* & S>).-<0* & R*.:*% & #(<0 & L-%2,83* & F%,9<0*8:(%3*%&
08%98<0,+8<0 & :*. & /0.1%21+3* & $.;3*%5 & @1 & )+*8), & #)J(R#.,*%N & 8%R8*2*.% & 98<0 & :#9 & '#$#%89<0*&
K#89*.0#(9 & 8% & 9*8%*. & [*9#>,0*8, & 91J8#+*% & F%,R8<L+(%3*% & #%$#99,& (%: & 1)& 98<0 & :#>8, & #(<0&
=1:*.%898*.(%39$.1J*99*&)*J-3+8<0&:*.&/0.1%21+3*&*8%9,*++*%5&&
?d
\$('./().:'.U'$53%$0
H8,8*.,*&U8,*.#,(.
^3*%<f&21.&r(+,(.#+&^22#8.9&VABB?W`&Z*+8381(9&"(.8:8<#+&I*.91%9&#%:&^:>8%89,.#,81%&12&
Z*+8381(9&^22#8.95&0,,$`aaRRR5)(%L#5315'$a*%3+890a$:2a<0#$,*.u6B5$:25&ABBbEABEB6
^%:1N&"(%L1&V6bbcW`&!^(99<0+(O&:*.&R*8)+8<0*%&/0.1%21+3*&%#<0&:*.&=*8'8EZ*9,#(.#,81%&8%&
"#$#%45&P%`&^$*+N&S+.8<0N&X1+J#$2*+N&"19*2&z&IY.,%*.N&I*,*.&VX.935W`&O"="(-!")B"0)KP5)
>",!0./09(-./'1"#)7-9-#&Q&1"#!-105&=-%<0*%`&"#$#%EH*%,.(>&:*.&U(:R83E
=#G8>8+8#%9ES%8Q*.98,;,5&@5&A]E]A&
^%:1N&"(%L1&VABBBW`&78*&F%,9,*0(%3&:*.&=*8'8ET*.2#99(%35&=-%<0*%`&P(:8<8(>5
^%:1N&"(%L1&VABBcW`&!78*&H(L(%2,&:*.&L#89*.+8<0*%&/0.1%21+3*45&P%`&I10+N&=#%2.*:&z&
C8*<J1.*LN&P.89&VX.935W`&7-9-#)DPPG5)R&Q'!'+I)S'(!0./-=!),#B)T"0"QQ0./-=!5)U"(Q'#V)
W"("'#'1,#1)=X()0&Y'-QZ'00"#0./-=!Q'./")7-9-#=&(0./,#15&@5&AmcE]6]&
•.1L#fN&"(:8,&VABB]W`&!D.#(*%&(%:&D.#(*%)8+:*.&8>&'#$#%89<0*%&\(::089>(945&P%`&
@<0>8,0#(9*%N&U#>)*.,N&@1)89<0N&"#%ES+.8<0&VX.935W`&W&(!([1")';)O-/;"#)B"0)
S"'!"(<'QB"#B"#)N!,B',;0)\U,BB/'0;,0)'#)T"0./'./!"),#B)T"1"#Z-(!\5&X#>)(.3`&
S%8Q*.98,;,&X#>)(.35&@5&6m]i6bc
^9,1%N&C5&[5&V6bcAW`&M801%385&r0.1%8<+*9&12&"#$#%&2.1>&,0*&F#.+8*9,&/8>*9&,1&^575&?bc5&
Z(,+#%:N&/1Lf1`&r0#.+*9&F5&/(,,+*&r1>$#%fN&P%<5
\*.%#.:N&r0*.f+&z&@<0+#22*.N&F:8,&V6bcmW`&!C*8)+8<0L*8,&#+9&,1,#+*&P%9,8,(,81%45&P%`&
]0!"(("'./'0./")^"'!0./('=!)=X()R&Q'!'+Z'00"#0./-=!N&c&VdW5&@5&d?gEgc
F9<0)#<0E@J#)1N&T8L,1.8#&VABBgW`&!78*&C899*%9<0#2,&:*.&D.#(`&[*+,*%&:8*&L1%2(J8#%89<0*%&
Z8<0,+8%8*%&8%&"#$#%&0*(,*_4&P%`&F9<0)#<0E@J#)1N&T8L,1.8#t&\(<LE^+)(+*,N&X*8:8t&F82+*.N&
^%%*>#.8*&z&X1.#<LN&S,*&VX.935W`&_+!,"QQ")_(<"'!"#),#B)W&(!([1")-#)B"()`-+,Q![!)=X()
3,Q!,(Z'00"#0./-=!"#)B"()a#'b"(0'![!)cX<'#1"#5)U-#B)K5&/-)8%3*%`&F)*.0#.:&K#.+9&
S%8Q*.98,;,&/-)8%3*%5
D+1.*%JN&K#.+&V6bB]W`&"#$#%89<0*&^%%#+*%&^5&75&gbAE?bc5&T1%&@(8L1&/*%%k&)89&"8,k&/*%%k5&
/1Lf1`&X1)(%90#5&
D('8,#%8N&/#L#908&VABBgW`&!P>$*.8#+&@(<<*9981%&I#%8<`&/0*&I1+8,8<9&12&[*%:*.N&\+11:&#%:&
Z#<*&8%&r1%,*>$1.#.f&"#$#%45&P%`&=<r.**:f&/0*.%9,.1>N&^>f&VX.935W`)7-9-#"0")
S&;"#V)d'#"-1")-#B)d"1-.'"05&C#908%3,1%N&7r`&C11:.1R&C8+91%&P%,*.%#,81%#+&r*%,*.&
21.&@<01+#.9&i&^98#&I.13.#>5&@5&AcEd]
[Y99>#%%N&F+89#)*,0&V6bbBW`&!^>&^%2#%3&R#.&:8*&D.#(&:8*&@1%%*5&D.#(*%&8>&#+,*%&"#$#%54&
P%`&U8%0#.,N&Z(,0&z&CY99N&D+*(.&VX.935W`&2'99�)#",")`(-,"#5&Z*8%)*L&)*8&X#>)(.3`&
Z10R1+,&/#9<0*%)(<0&T*.+#35
?g
[122>#%N&F.Q8%3&V6bc]W`&^9f+*5&j)*.&:8*&91J8#+*&@8,(#,81%&$9f<08#,.89<0*.&I#,8*%,*%&(%:&
#%:*.*.&P%9#99*%5&D.#%L2(.,&#>&=#8%`&@(0.L#>$&T*.+#35&
X12N&Z*%#,*&VABB]W`&!K(+,(.R899*%9<0#2,*%&(%:&[*9<0+*<0,*.21.9<0(%354&P%`&M-%%8%3N&^%93#.&
z&M-%%8%3N&T*.#&VX.935W`&K1%J*$,*&:*.&K(+,(.R899*%9<0#2,*%5&/0*1.*,89<0*&[.(%:+#3*%&
i&I*.9$*L,8Q*%&i&^%9;,J*5&@,(,,3#.,`&"5&\5&=*,J+*.&T*.+#35&@5&]AbE]dg
PR#8&K#,9(>8&VABB?W`&/*%%kL*&%1&>1%:#85&/kLfk`&^9#08&@08%)(%90#5&
K*99*+N&=#.,8%#N&@83%1.8N&[#).8*+#&VABB?W`&![*9<08<0,9R899*%9<0#2,45&P%`&\.#(%N&
r0.89,8%#&Q1%&z&@,*$0#%N&P%3*&VX.935W`&T"#B"()N!,B'"#5)e'#")e'#=X/(,#15&@,(,,3#.,N&
C*8>#.`&T*.+#3&"5&\5&=*,J+*.5&@5&66]E6A]
K8.<0>#%%N&X#%9&V6bmbW`&X8.108,15&"#$#%9&+*,J,*.&K#89*.5&7*.&/*%%15&=-%<0*%`&C8+0*+>&
X*8%*&T*.+#3
K1.%8<L8N&I*,*.&V6bbbW`&!/0*&FG<+(981%&12&C1>*%&2.1>&,0*&P>$*.8#+&@(<<*9981%&8%&=1:*.%&
"#$#%45&P%`&_0'-!'.-)W"#"!'-#-N&d5&@&6]]E6gA
Kk908,9(&,*%$#%&%8&L#%9(.(&fo908L8&90#L#838&VABBgW`&0kL1L(9015
0,,$`aaRRR5L#%,*85315'$a'$a98%38aL1(98,(a01(L1L(a01(L1L(5$:25&ABBmE6BEAB
K.*8%*.N&"19*2&V6bbmW`&!Z*+8381%*%&0*(,*45&P%`&I10+N&=#%2.*:&z&=#f*.N&X#%9&"-.3*%&VX.93W`&
d[#B"(<"('./!)7-9-#5&\1%%`&\(%:*9J*%,.#+*&2-.&$1+8,89<0*&\8+:(%35&@5&gAgEgAb
K(%#8<0k&VP>$*.8#+&X1(9*01+:&^3*%<fW`&I.*99&r1%2*.*%<*&)f&X89&P>$*.8#+&X830%*99&/0*&
r.1R%&I.8%<*&1%&,0*&v<<#981%&12&X89&\8.,0:#fN&A6&D*).(#.f&ABB?5&
0,,$`aaRRR5L(%#8<015315'$a$.*99E<.1R%a$.8%<*ABB?50,>+5&ABBbEB6E6B&&
&
=#.,8%N&I*,*.&V6bbcW`&/0*&r0.f9#%,0*>(>&/0.1%*5&^&X89,1.f&12&,0*&F>$*.1.9&12&"#$#%5&
X1%1+(+(`&S%8Q*.98,f&12&X#R#88&I.*995&
=<r.**:f&/0*.%9,.1>N&^>f&VABBgW`&!P%,.1:(<,81%45&P%`&=<r.**:f&/0*.%9,.1>N&^>f&VX.935W`&
7-9-#"0")S&;"#V)d'#"-1")-#B)d"1-.'"05&C#908%3,1%N&7r`&C11:.1R&C8+91%&
P%,*.%#,81%#+&r*%,*.&21.&@<01+#.9&i&^98#&I.13.#>5&@5&6Eb
=*(+*%)*+,N&^%'#&V6bmmW`&@<0*8:*+8%8*%5&j)*.&@*G89>(9N&Z#9989>(9&(%:&K+#9989>(95&Z*8%)*L&
)*8&X#>)(.3`&Z10R1+,&T*.+#35
=*f*.N&FQ#E=#.8#&VABB]W`&!F8%*&K#89*.8%&#(2&"#$#%9&/0.1%_&78*&H(L(%2,&:*9&'#$#%89<0*%&
K#89*.0#(9*945&P%`&I10+N&=#%2.*:&z&C8*<J1.*LN&P.89&VX.935W`&7-9-#)DPP?5)R&Q'!'+),#B)
S'(!0./-=!5&X#>)(.3`&PD^5&@5&AdgEAgm
=-0.+N&X#%%#&VABB6W`&F.J8*0(%3&'#$#%89<0*.&D.#(*%&0*(,*5&=-%<0*%`&P(:8<8(>5
=f&X#%0N&P9#)*++*&V6bbgW`&K8%:*.N&K-<0*N&K#.>#5&78*&D.#(&8>&\(::089>(9&(%:&K1%(2J8#%89E
>(95&HR89<0*%&=#,.8#.<0#,&(%:&$#,.8#.<0#+89<0*.&P:*1+138*5&\*.%`&*:8,81%&#>#+8#5
M#L#%1N&=#9#908&VABBdW`&"19*8&,*%%k&.1%5&@0k<0k&,*%%k9*8&,1&%8$$1%&%1&>8.#85&&/kLfk`&^9#08&
@08%)(%90#5
??
M#(>#%%N&M*++f&V6bb?W`&78*&=f,0*%&:*9&#+,*%&"#$#%5&=-%<0*%`&T*.+#3&r5&X5&\*<L5
M*>1,1N&/#L*908&V6bbbW`&!"19*8&,*%%k&,1&0k&%1&908,#&)fk:k&%8&L#%9(.(&90k.1%45&P%`&N/'Y,+-)
B-'1-+,)/$0"')+"#+68N&dV]adW5&@5&6A6E6]]
v).8<0,N&C*.%*.&VABBgW`&v%,1+1389<0*.N&@1J8#+R899*%9<0#2,+8<0*.&(%:&@1J8#+#.)*8,9R899*%E
9<0#2,+8<0*.&@f9,*>89>(95&F8%&8%,*3.#,8Q*9&I#.#:83>#&:*.&@1J8#+*%&^.)*8,5&P%`&X1++9,*8%E
\.8%L>#%%&z&@,#()E\*.%#9<1%8N&@8+Q8#&VX.935W`&N60!";!/"&('"#)';)W"(1Q"'./V)S-0 )
Q"'0!"#)N60!";!/"&('"#)=X()B'")0&Y'-Q")_(<"'!f&C8*9)#:*%`&T@&T*.+#35&@5&b]E6cA
h0#.#N&e#9(1&VABBcW`&K(%#8<0k5&P%`&F%<f<+1$*:8#&12&@08%,15&
0,,$`aa*195L1L(3#L(8%5#<5'$a>1:(+*9aGR1.:9a*%,.f5$0$_*%,.fP7s6Ab]5&ABBbEB6EAm
vL#%1N&X#.(L1&V6bcgW`&78*&@,*++(%3&:*.&D.#(&8>&@08%,k5&F8%*&.*+8381%9$0;%1>*%1+1389<0*&
(%:&E91J81+1389<0*&S%,*.9(<0(%35&\1%%`&Z0*8%89<0*&D.8*:.8<0EC8+0*+>ES%8Q*.98,;,5
vL#%1N&X#.(L1&V6bb6W`&78*&@,*++(%3&:*.&D.#(&8%&:*.&'#$#%89<0*%&Z*+8381%93*9<08<0,*5&P%`&
[Y99>#%%N&F+89#)*,0&VX.935W`&7-9-#)*)"'#)d-#B)B"()`(-,"#f&=-%<0*%`&P(:8<8(>E
T*.+#35
15T5&VABB?W`&l%:*.(%3*%&:*9&[.(%:3*9*,J*9&2-.&:8*&\(%:*9.*$()+8L&7*(,9<0+#%:`&
0,,$`aaRRR5Q*.2#99(%3*%5:*a:*a33dbE850,>&VABBbEBAEA]W
@(*::*(,9<0*5:*&VABB?W`&&"#$#%&'()*+,&-)*.&/0.1%21+3*.5&
0,,$`aaRRR59(*::*(,9<0*5:*a$#%1.#>#a6b?a]c?BBda,*G,a5&ABBmE6BEAB&&
I#LN&=8E#*&VABBBW`&I#,.8#.<0#,&:(.<0&L1%2(J8#%89<0*&^%9,#%:9%1.>*%5&F8%*&^%#+f9*&:*.&
,.#:8,81%*++*%&L1.*#%89<0*%&[*9*++9<0#2,&#%0#%:&:*.&H8Q8+89#,81%9,0*1.8*&Q1%&
M1.)*.,&F+8#95&=#.)(.3`&/*<,(>&T*.+#35
I#(+fN&S+.8<0&VABBcW`&!"#$#%89<0*&X*..9<0*.8%%*%45&P%`&M_T)2&!'Y"#&B6aABBcN&/kLfk`&v^[&
7*(,9<0*&[*9*++9<0#2,&2-.&M#,(.E&(%:&TY+L*.L(%:*&v9,#98*%9N&@5&6BEAb
I08+8$$8N&71%#+:&U5&V6b?mW`&K1'8L85&/1Lf1`&S%8Q*.98,f&12&/1Lf1&I.*995
I10+N&=#%2.*:&V6bbmW`&"#$#%9&K#89*.0#(9`&F8%*&>1:*.%*&=1%#.<08*N&9,#.L&:(.<0&/.#:8,81%5&P%`&
I10+N&=#%2.*:&z&=#f*.N&X#%9&"-.3*%&VX.935W`&d[#B"(<"('./!)7-9-#5&\1%%`&
\(%:*9J*%,.#+*&2-.&$1+8,89<0*&\8+:(%35&@5&?AE?d
ZY0+N&C8+0*+>&V6b?]W`&78*&'#$#%89<0*&T*.2#99(%35&D.#%L2(.,&#>&=#8%`&=*,J%*.5
@#8,1N&F8L1&V6bmbW`&78*&D.#(&8>&#+,*%&"#$#%5&U*8$J83`&F:8,81%&U*8$J835
@##+*.N&@Q*%&VABBmW`&P>$*.8#+&X1(9*&U#R&#%:&@($$+*>*%,9&,0*.*,1`
0,,$`aaRRR5'#$#%*9*089,1.f5:*a71<(>*%,9aP>$*.8#+wABX1(9*wABU#RwAB#%:
wAB@($$+*>*%,950,>+5&ABBmE6BEAB
@<0*8:N&\*.%#0.:&VABBgW`&Z*+8381%&8%&"#$#%5&
0,,$`aaRRR5(%8Q8*5#<5#,a.*+u'#$a9,#.,a8%:*G50,>+5&H(3.822&JR89<0*%&ABBmE66E6B&(%:&
ABBbEBAEAd&
?c
@<0R#.J*.N&^+8<*&V6bm]W`&@8>1%*&:*&\*#(Q18.&0*(,*5&[*9$.;<0*&#(9&J*0%&"#0.*%5&Z*8%)*L&)*8&
X#>)(.3`&Z10R1+,&T*.+#35
@*L8%1N&e#9(0#.(&VABB?W`&!C#3#&L(%8&%1&Lk8L*890k&%1&#.8L#,#&,1&L*%$k5&7#8%8'k&%8&8(&y9*90oy&
,1&0#&%#%8L#45&P%`&2''%';-)T-+,"#)c-#+')>-'1-+,)3'6$N&M.5&A?5&@5&?6E6BB
@08++1%fN&\*%&^>8&VABBgW`&F%83>#&12&,0*&F>$*.1.9`&@#<.*:&@()9*.Q8*%<*&8%&"#$#%*9*&X89,1.f5&
K*%,`&[+1)#+&v.8*%,#+&U,:5
@08++1%fN&\*%&^>8&VABB?W`&"#$#%*9*&=1%#.<0f`&I#9,&#%:&I.*9*%,5&789<(9981%&I#$*.5&
0,,$`aa9,8<*.:5+9*5#<5(La:$9a89a89g6A5$:25&ABBmE66E6g
@$*+>#%N&F+8J#)*,0&V6bmmW`&P%*99*%,8#+&C1>*%5&I.1)+*>9&12&FG<+(981%&8%&D*>8%89,&/01(30,5&
\19,1%`&=#995&
@,*.)#N&"#>*9&I5&V6bbcW`&!Z#<89>&#%:&@*G89>5&/0*&r1>>1%&[.1(%:54&P%`&H#<LN&M#1>8&
VX.935W`&O-."gN"L5)c/"'()N-;"#"00I)>'=="("#.")-#B)h#!"(9Q-65&M*R&e1.LN&U1%:1%`&
Z1(,+*:3*5
/#L8%#>8N&@#:#L1&VABBdW`&"19*8&,*%%k5&/kLfk`&@0o*890#5
/0*&^:Q891.f&r1(%<8+&1%&,0*&P>$*.8#+&X1(9*&U#R&VABBgW`&/0*&^:Q891.f&r1(%<8+&1%&,0*&
P>$*.8#+&X1(9*&U#R&Z*$1.,5&
0,,$`aaRRR5L#%,*85315'$a21.*83%a$1+8<faL1908,9(aBg66Adu*5$:25&ABBmE6BEAB
/1L1.1N&P9#1&VABB?W`&Kk8L*890k&%1&#.80k5&"19*8N&)1L*8&,*%%k&R#&L#%k&L#5&/kLfk`&IXI&
K*%Lfo'15
/1%1>(.#N&X8,1>8&VABBgW`&!Z1f#+&Z1+*9N&C8:*.&r0#%3*9`&S%:*.9,#%:8%3&"#$#%y9&
[*%:*.&Z*+#,81%9&2.1>&#&X89,1.8<#+&I*.9$*<,8Q*45&P%`&=<r.**:f&/0*.%9,.1>N&^>f&
VX.935W`&7-9-#"0")S&;"#V)d'#"-1")-#B)d"1-.'"05&C#908%3,1%N&7r`&C11:.1R&C8+91%&
P%,*.%#,81%#+&r*%,*.&21.&@<01+#.9&i&^98#&I.13.#>5&@5&6]EA?
/.1>>9:1.22t&[89*+#&V6bbcW`&!D#>8+8*&(%:&F+,*.%EK8%:E\*J8*0(%3*%&8%&"#$#%45&P%`&M#(<LN&
\*.%0#.:&z&@<0Y%$2+(3N&S,*&VX.935W`&`-;'Q'"#)'#)b"(0./'"B"#"#)3,Q!,("#5&@,(,,3#.,`&
U(<8(9&z&U(<8(95&@5&ddE?]
S%1N&K#,0+**%&@5&V6bbgW`&4/0*&v.838%9&12&y[11:&C82*N&C89*&=1,0*.y&8%&=1:*.%&"#$#%…5&P%`&
I#(*.N&F.8<0&z&=#,08#9N&Z*38%*&VX.935W`&7-9-#'0./")`(-,"#1"0./'./!"i#j5&=#.)(.3`&
=#.)(.3*.&"#$#%EZ*80*5&
C*)*.N&r+#(:8#&V6bbmW`&!D.#(*%&8%&"#$#%`&HR89<0*%&/.#:8,81%&(%:&^(2).(<045&P%`&I10+N&
=#%2.*:&z&=#f*.N&X#%9&"-.3*%&VX.93W`&d[#B"(<"('./!)7-9-#5)U&##V)U,#B"0Y"#!(-Q")=X( )
9&Q'!'0./")U'QB,#15&@5&dA6EdAb
C*9*+fN&@#)8%*&VABBBW`&F8%2-0.(%3&8%&:8*&[*%:*.&@,(:8*95&P%`&C*9*+fN&@#)8%*&VX.935W`&T"#B"()
N!,B'"0)'#)B"#)N&Y'-QH),#B)3,Q!,(Z'00"#0./-=!"#5)e'#=X/(,#1),#B)#","(")e(+"##!#'00")
-,0)`&(0./,#1),#B)R(-L'05&\8*+*2*+:`&K+*8%*&T*.+#35&
?m
M8<0,&J8,8*.,*&U8,*.#,(.`
\*#(Q18.N&@8>1%*&:*&V6bdbW`&7#9&#%:*.*&[*9<0+*<0,5&Z*8%)*L5&Z10R1+,&/#9<0*%)(<0&T*.+#35
\*%:*.N&Z199&V6bcbW`&!/0*&X#<08>#%&r(+,&#%:&,0*&7kLfk&P%<8:*%,45&P%`&:&#,;"#!2'99&#'.-N&]d&VAW5&@5&6AgE6g]
\+(>*N&[*1.3&VABB?W`&F.JR(%3*%*&D.*(:*5&78*&[*)(.,&*8%*9&/0.1%21+3*.9&8%&"#$#%&9,1$$,&:8*&
Z*21.>*%&#>&;+,*9,*%&K#89*.0#(9&:*.&C*+,5&H*8,&v%+8%*5&
0,,$`aaRRR5J*8,5:*a1%+8%*aABB?a]?a"#$#%E[*)(.,E:*9E/0.1%21+3*.95&ABBmEBmEAg&
r08*L1N&P.8*&V6bb6W&VX.935W`&X*.18<&R8,0&[.#<*`&+*3*%:#.f&C1>*%&12&"#$#%5&^.>1%LN&M*R&
e1.L`&=5F5&@0#.$*&P%<5
D.8,JN&=#.,8%&z&K1)#f#908N&e1L1&VABBgW`&I.8%J*998%&=#9#L1&i&7*.&3*2#%3*%*&@<0>*,,*.+8%35&
7#9&7.#>#&#>&'#$#%89<0*%&K#89*.0125&D.*8)(.3`&T*.+#3&X*.:*.5
D('8*.#N&=81L1&z&D('8>(.#ED#%9*+1RN&K(>8L1&V6bbgW`&C1>*%y9&@,(:8*9`&^%&vQ*.Q8*R5&P%`&&
D('8>(.#ED#%9*+1RN&K(>8L1&VX.935W`&7-9-#"0")S&;"#V)2"Z)`";'#'0!)R"(09".!'b"0)&#)
!/")R-0!I)R("0"#!)-#B)`,!,("5&M*R&e1.L`&/0*&D*>8%89,&I.*99&#,&/0*&r8,f&S%8Q*.98,f&12&
M*R&e1.L5&@5&6ggE6mA
=*f*.N&FQ#E=#.8#&V6bbbW`&"#$#%9&K#89*.012&J(.&F:1EH*8,5&S%,*.&)*91%:*.*.&\*.-<L98<0,83(%3&
:*.&"#0.*&6md?&)89&6m?c5&=-%9,*.`&UP/&T*.+#35&
=1..89N&PQ#%&V6b?]W`&!C1>*%&12&^%<8*%,&"#$#%`&X*8#%&U#:8*945&P%`&k'0!&(6)c&B-6N&6]V]W5
@5&6?BE6?m
15T5&V6bbbW`&/0*&P>$*.8#+&@(<<*9981%5&P%`&7-9-#)e./&N&A?V6W5&
0,,$`aaRRR5'#$#%*<015<15'$a9(>a6bbbaA?B66d50,>+5&ABBmEBmEAb
15T5&VABBgW`&!^%&*>$.*99&.*3%#%,_4&P%`&c/")e.&#&;'0!N&]dc&Vmd66W`&@5&dBEd6&
@<0%*$$*%N&^%%*&VABB?W`&!F8%&"(%3*&2-.&"#$#%45&P%`&`(-#+=,(!"()_QQ1";"'#")N&##!-10Y"'!,#1N&
B]5Bb5ABB?N&M.5&]gN&@5&?B
e1908:#N&Z*8'8&VABBcW`&U82*&8%&,0*&<+1(:f&P>$*.8#+&2890)1R+5&/0*&"#$#%&/8>*9&v%+8%*5&
0,,$`aa9*#.<05'#$#%,8>*95<15'$a$.8%,a%%ABBcB]Ac8+50,>5&ABBmEBmEAb
v908>#N&=#%#)(&VABBcW`&^8L19#>#&,1&X89#08,19#>#5&X1%L*&%1&$(.8%9*9(&,1&)(%L*&%1&
$(.8%9(5&/kLfk`&@08%<0k90#5
?b
K'$53'%*&400/.
I*.91%*%%#>*%
^)*&@08%Jk
DEFG
^L808,1
H,
^8L1
1/
^>#,*.#9(&h>8L#>8
IJKLM
^9k&/#.k
NOPQ
\8:#,9(&/*%%k
RSIT
7kLfk
UV
D('8R#.#&%1&M#L#>#.1
WXYNZ
D(L(:#&e#9(1
[\]^
[*>>*8&/*%%k
_HIT
[*%90k&/*%%k
_`I
[1E=8J(%11&/*%%k
abcIT
[1E@#L(.#>#<08&/*%%k
adeIT
X8:*08,1
f,
X8>8L1
ghi
X8.#%(>#&/#L*1
jkl^
X8.108,1
m,
X89#08,1
+,n
P%1(*&K1R#908
opq
P%1(*&=8,9(9#:#
oprs
P,k&X8.1)(>8
tWuv
PR#1&@(>8L1
wxyz/
Pf1
{|
PJ#%#38&%1&>8L1,1
t}~•€
PJ#%#>8&%1&>8L1,1
t}~z€
"8>>(&/*%%k
M•IT
"8%3o
M‚
cB
"8,k&/*%%k
ƒ„IT
"1>*8&/*%%k
…HIT
"(%%8%&/*%%k
†,IT
K#8)#.#&FL8L*%
‡Xˆ‰
K*8Lk&/*%%k
Š‹IT
K8L1
Œ/
K8>>*8&/*%%k
•HIT
Kk3f1L(&/*%%k
TŽIT
K18J(>8&"(%y8<08.k
••‘’Q
KkL*%&/*%%k
“”IT
Kk,1L(&/*%%k
“•IT
K(.1:#&@#f#L1
–\—/
=#9#L1
˜/
=*8'8&/*%%k
H™IT
=*890k&/*%%k
H`IT
=8<08L1
zš/
=1>>(&/*%%k
v•IT
=1>1J1%1&/*%%k
›œIT
M#.(08,1
•,
M#L#&%1&h*
•Kž
M8%838&%1&>8L1,1
ŸŸ
M8%,1L(&/*%%k
,•IT
v:#&M1)(%#3#
¡\¢£
v3#,#&@#:#L1
¤¥s/
@#8>*8&/*%%k
¦HIT
@0k>(&/*%%k
§•IT
@0k,1L(&/#8908
§•P/
@0k,1L(&/*%%k
¨•IT
@0kR#&/*%%k
©ªIT
@13#&%1&S>#L1
«¬-/
@(8L1&/*%%k
®¯IT
@(9#%11&%1&>8L1,1
°±²x€
@(90(%&/*%%k
³´IT
€
c6
/*>>(&/*%%k
I•IT
/*%'8&/*%%k
IšIT
/1L(3#R#&P*f#9(
•µ¶]
/1L(3#R#&K#J(L1
•µª/
/1>108,1
·,
/1f1,1>8&X8:*f1908
¸¹º»
/9(L8f1>8&%1&>8L1,1
¼!€
S>#f#:1&%1&>8L1,1
½¾T/
v.,9%#>*%&
^9(L#ELfk
¿ÀÁ
D('8R#.#ELfk
WXÁ
X*8#%ELfk
jDÁ
X*8'kELfk
jÂÁ
@*L83#0#.#
ÃÄX
/kLfk
ÅÁ
\*3.822*
<-#0"')'++"'
ÆÇ’È
<-+,=,
ÉÊ
<,0/'
•Ë
./'+-#
ÌÍ
>-'#'99&#)!"'+&+,)+"#9$
KÎÏ@ÐÑÒ
B-#+"'
xÈ
B-#0&#)%&/'
xÓÔg
1"#($'#
_ÕÖ
'"
¶
cA
7'68);'#+"#),#B$
×ØÙÚÛÜ
%&$
ÔA
%&+"'
ÔÈ
%&0"')!"##$
ÔÝIT
%&!"'
Ô@
%&!"'(&#
Ô@Þ
%80/'./'%$+"#9$
ßàáÑÒ
+-;'
M
+"1-("
âã
+$1$
Tä
+$'+"'0/$
Tåæç
3&%'+'
¯èé
3$0/'!0,)0"'+'
Tê`ë
3$0/'!0,)!"#9-#
Têìí
3$0/'!0,)!"#9-#)#')+-#)0,(,)
680/'+')0/-+-'1'
TêìíîÃïðñòóôõ
+$!-'1$
TPä
+$!-'0/'
TP/
+$!-'0&#
TP0
+,#-'./$
ö÷ø
;'6-+"
ö¶
#-'0/'##$
÷ùA
#-+-!0,1'
•æú
2'/'
ÎÏŒ
$
A
E;"'0/-
ûü%
M##-)B-'1-+,
ÔKý
(6$0-')+"#<&
þÿ!"
0-;,(-'
#
0"00/$
$O
0/'#1&#
%&
0/'#!$
MU
0/'0&#
/0
c]
0/$1,#
'(
N/8+-#0/'#./$
)*#+
!-'H+$!-'1$
PTPä
!"#B-'
I{
!"##$
IT
!"##$+"
IT¶
!"##$0"'
IT,
cd
E99$&7)%*0:'.U'$53%$0
^))8+:(%3&6`
@,#>>)#(>&:*.&!"##$&]6&)89&dm&8%&:*.&
.*+*Q#%,*%&H*8,9$#%%*&8>&^+,*.,(>
@*8,*&6A
^))8+:(%3&A`
=1:*++&:*.&R*8)+8<0*%&(%:&:*.&
>;%%+8<0*%&F.)+8%8*&V%&+"')(%:)B-#+"'W
@*8,*&A6
^))8+:(%3&]`&
@,#>>)#(>&:*.&L#89*.+8<0*%&D#>8+8*
8%&80.*.&>1>*%,#%*%&H(9#>>*%9*,J(%3&
@*8,*&Ab
^))8+:(%3&d`&
H*8,+*89,*&:*.&R*8)+8<0*%&!"##$&
8>&K1%,*G,&3*9<08<0,+8<0*.&F.*83%899*
@*8,*&]A
^))8+:(%3&g`
/0*1.*,89<0*9&=1:*++
@*8,*&]b
cg
