M>H58;(G1;9-,156.6:1<I4H5J*%:+(4:,/G)70K3O+'(GF40/
JM9
(=53;OF'N%35).;:9.3=7>.6;3GFF31M9(J4&O*+O'1.N
J
)F/;-73,F
,JK=,1-L:(::=HN:;&2095/;(754G><JJ,5M'NH:K,N;)&-I7J6*5<G=9+
N%,'HJ%4M8>64
K5''8-658N85(5G9364FM&LI(46'>=<
0(/
0=,%(.:5*;2)H23/*.=89%(6%40F'668F<*/I0I3(N9>
3O-<7N.3J'I.>:;)L7'M(;9;%HMM*24)&L='(/
0M(F&F098=2;%&=:9*+&=H=*'/<G1-KHJJLF164>-+(HI<)99.<8
K<9)F>6L
M2O
F*:(J7-)%<-ILG51+%**:H/F-JM*9I>F)):<;+=MF-F;'J'4M;83.5134+
GJK)%>;9992.<0>;)71(4L*=4&('/3.M&%O4I36342O-0>/5=O/7K<N7I&2H'L8
MG')5N4:J&/NH(F8GL=)=%>L3<OO;I5%80:J;:.
=N419J:G,1*;,8,MN0128H0<K&)9GG03>8G2(*%%2K,II
)<K1-FLGKOL.;,H
G6G<OOG,O*6%G=L=3G-362/0(%%9M9I<&28-7,;3&HK+'=5,1.=J<IL82'7=6N;56146*-'JF6:7L.(0&6J&NH746NMI<'9HF5(/59/H*;1096+I
==(/4=6NH%17<,2(:7,*7*0NN'*,.GK2OO+J>2F8M%1'&NH<F,H9.=(.+:
=F=:N)(1:..2(>7+<I/:
M&4((<G%,>1<2'LO.5ML76*<,;GL+%,G8-,FG>M5)&<&N0<%,%F82%%(1M%,L
8GJ
N4K0
5L:.<I6+2F>N.+-<227*)N3,7I3G*)=2,7OM-3M=5(HM/-G92ONG
.3&9/.6<J4JK,'489+M%3GJJFG:7+=9ON%'+1/=N66G
1/7+8*',L():K5LL04<0N;F,J=I&3&I-<7MI853KN&(4))*I13N519<+5>M/2>547(22%
18J+H;G0.;I
NL18*4),;*&(>6.:-(O,=26'.K3.
2>HJJ8N20KKFOK=H:).K0G2HIIM(,/.IF.%K,7K-NM;**21237.
<H5,(.1%-GOKM;
J5-%68LO
;9.O
37(<(=:H3,)2//&.8G-I7.,GF4('O8HI0::N;%7G
H%FFFHOON&
7M>,/=3:,5G957>H1204I(;J0'/I7+80O88I4
M/M<
,,.;J,3>*I
'O*,O)&MK:>HF-G<GO
.(KJ*946.3%&MK&%F8;--'+LG,5I8IF:%
G4-&+-&KGO=L(GK+>HI=+*5'
*(97(
:=4FG69I(I/,4),I%/2;>;46F('HKJ5;O):L&3
,L%L//:(HJ959%M&-1,'(NM912=
I86%IFO>,;/I
*07O%%.-(:5GN8.&K/F95><2-62H4:+,&1
2GNO-K>./<%8OM20;:76
),,04<7-)O8O)0;:L&&,K)+*2;
2+680H6,O<%IF6*
4:+')=J02OFO8J3J=<MIJ;G+LO(K<5N1=-L26)303.1>8,H;39OF>HHJ>MF9
%-N6**%J9OF%437J(
2.02%>0J0H;M()
9K+*JL1436*H=40,50
OKFNK>)7
M5J5JM&IMF9.H8.KI9JNG3K-:L<HG;4.2H>/I)569OO7/)NM/6F1;KGOM.)3=I
<>;NF-%6063;NK,M1M,K.F)7230M-18N8)K5'&%&/'K:8N:,M-(J51%O<7+I
L1+1;%35)II49-8;8K6J,).:H56.*:G/'893I84F)L00'(3.&I18833LI'/:8KO<
H+1LM<876'&:F9>1-=%KKO<
061K9,=
H*O>NO:3*+(1=-LJ1.6MI
<1N+>IJ0),N2I6&;6*,)6.IN&7<L0LK%F+
<-%>85M%8;,M04>3,K=<J-J)9M%=N5J&/
+,H%2*N<GOJ+%1/
2*H-MK:9-'O'+I;+
/1:,
M&F404,<-NG1HH'.F2G<=.J=8=');'N37-O+9%233
&50JNK-:)/J8>,<HHH&3:J:K&+56&0I*3<4)6%O07MHF'KI**9*F+)K%
1:67G)
14%M>&,)GN=
>G<7
&'>:,:N*(4-F)2
6,74.F)9NMKL'H>G.7.,8*6L(<N3
1-0H109.N)O2+K:<=K.-+',4980<O
<I'
O=-H,>&3JG*K&((,5H7;:;O-%9I2%-'8O<(5'<),FNO>4J&*,-<1
,(F>00-F26>G==/>:%<(1K0<48K=;'G&G165>0&*9*'3(IH%4'
8+M
68M3GG5161I,K7&IL)5G(OL785H9
3+*95:LF6
H'*>&'L)O=/3%H5O.0OO2)07L.GM/HMH4'+H:M,I.8I5&+5GKF39
%)539M;&=1*NM9;2KM,1<,&5%>=:69-4M>+6'IL3MH994-*6NN0-+:9+34L;<,(3
F*1>9I'O07&';H3,
O.M/<0N2H()7>M(4G=.',6I)
0<1K/>308JI*:904+G;K4MK4.=)NM1:FMK,(.FO.=%L3/,N(,0=6<4H=;3>,H,8
/G:N34,;5M:+N
)5M%4:0INH(+HI6+N
-(3/LN-)LN-+I'4&N8(N&,6/>/J9289I'H4M/)G0+<3>L>HM0I2>0JNI)K2LJ0*54*
1/-FG94G5H
<I'*:J1F+1(9.7N:::=&FI:%:IGM3,NJ0)+JI
<HM&8M5+>0I=/84</LL,+39=(
;16)M&F;:'/.F'F7&9>%+;*+(8M)
G211IJ,%'8&OH&FKK98
:6GL+J-,=44MG.GL=3+
<*=G/)G4III<./*4(GJOKN<.1%H:.=.)
>947&>4>%7I:NN4>2K-)<-JN554**8,.(+7O1N8%:K=9JK94>JL5)F<M%
L.1FMFON78M,4.M>.60&
;+98/9L
=M3<4&94<J4750
O1,))./MN+..&J9'3%K4%*L3,<6;G7.1-3(N8.L'8-&:FF./15-77&
</*J(H&+0&+05F>(5>
5
(:8=2=FJ.7N<MK.H<(1901J&-6G8I<%M6L99L)8O
<3((KG,<80')25<;G54;O5M,9&&0.9/OG
M(FMK'+(3;&L5
2N58)7&F0,(O2;5&M3O/OI)&+69L6=K3(6*().8:87M=8O(8J;GJ<(490
590
>97+)F=388>>.;=;K&8L;;*(OK0;:K9+M,9-'88F-/'&4LL5G:*5GLO*F<N/J.6,OM<
&I&02M-G')<6NI.6+&3K01375G7)+0NLI.IK6:I)-<<5N9M'%O(M,O4-)0
0<JFJ:IM0N4G+/*)3-G&;(7<1=8
F
:H122H(G.I3&)J+6%I'*(M:HI<2>H27*5>OI938*F+-9H0
-K48M3-4.LJ.&,>M*L4>5:=:0O7(=6%49F<2HF.00&.0&4
*/NF2J6.+MH%=N7
=/KG+83F1.G(*&3'I>*<F(O2';I'/>LN8M(
2L*6M1/(7%6<1+GI.<+LO
N=N)+5=
K8<639(,NLI&:JF<;F4<
=302.4)4=>26N6O*&*63&I4LH1K67&IIJ0
)I2%HK:-MM+N8,L6)<J9,1MJ*;J=.+87)IO7)L6F%1)+L8&.&F025M<.'H3:H828>:F-M/:
8;8OF*8O
H
<>F9G(H59J&>>L'5=(OJ(=&.%6+K*/O%I>F>O;9%N2,F5:,=1M33
L*L774<H.KL;8M(%1,1)6=3N562L4-9>F/,3)O)+-I</<HLO6;FJ,9=G5>7/I/
*M
>0G)J,=+185M6(M08<I(
:M8JFH
,
1<'G;>GO&0'&2&L+0=%>N=-FO+LJ761H*1G(./OMK;75KH%(<'+3'O,
>
K<69MO5::OHK72<H(,*7,1H'.3H61O0I<-JJ73'+'H::=9-=GN:59<%/N'I
4F/034NL)
&0L%
,G748)&6O(/0
M5,+>-0+31F*32%.GN67FH,3)=JM/.4(H:J<:/5G7JGH<.5J5N&M(22G('F)>
;NM.+/F2+,&O823,8KF1L(L&/9&&4>42OKK-+%.<7,)<&6--N3>--H>IOM7,756
GM>7J176-J+*M24>;<N5,F.0
/(,-8
N=3)-L&K7LM&(HNG)2K9'I
4+H6HL27<4O8'L-J)O&'K=36'L5::42/3J934L;1+7,5)ML;7NG'4(G>::HIH
+7IO:;16+I/70900*%75<LO9I412)/3:4/'.%;69H=7)L*565)774<&&%155334
FI
'5K%4*15&):=84)02O.1%&HK9;O7,)1<L<(>,ILO'7L;6'M.7H05%=9-:.=,;-
5HK,OI8,+92<
1+,F0<4'<+-03I8F8).>9.653H3,/F50:/-5=>1/0L:%'J:GI/OK)'N/'I69H&OM2J;
G86%I3/*8)'3N=**'8;J=,;'K<(*L
9NJFK%7M3,OO+*MOG2>6GO;)7O9K)/%N0'K53.=876LG6=;F/MF7;K=&
=/
L*M,
(JJ:-/8
8%9M8J%),9(%/J&<H3OK,7LOO.%.2F00JM-775;::(IF%5G<<>>
GNM>/'.J0&,I,9,JGO0
3:<&H83,;5)LLN,3'%I-%7=O'L*-L:1&:(9G,;8>G>131L;M,,.%%8
L5.J986=7>O(9&<K2&;%H0GI9+H'.)0*N6F7.5*'+'7<M3G+.),<<1-F.3N
>H7G
.(:,-()+)'/-3)<(L'.
FM>;,=;,'=1H-L=/*/JFI84
%,4
K53.
/
L0I0H:O*7;JJ(2)%4IO'0&K-)H:8L0K2%<OI>*4&0K636O)K4.5+5H
KH6.8*;+(/38OM>9K:4>+-(/9%(I5H3'>-OH>9
GG>7N4-6
;NF8<)(KHO9.)5702<F>,)*)7&GI/HI0NH
3936H)
L%&1'&F->FI00/,<
)9
NG9.1+,6*N;(G>2K:/N6=K1=-1L<
1J-/%O5/<=N&%L.
9O%-(M&M2)6HIM5>)H8=K5
/3J/&1.:+JFMK-4:(%,>%%9:':6..N&06))KNI.2>
GFH0&75>-L;)1'7;+>1L%5=.1&<H+:2&G:4<1(=I385J48079:
M*(N+291J87L4<=/(2*6JK3%;I'315'<<-F5O%:I,1L<J&NL*H<O5L(><O3
<8<M<J3/&GKIGGG*O043L1K()IK
H.K5:8)2J1H)<*&3
()6'=FK)*(<834F0+(6969:=,39J5)<1)LNN=,%2;34(/(66N7,:=MF=
I(&%;5<(FJ=5*
H<(9K<5%2JOH-:4(..:,+'9H(<:NG2:2M=K4J5%/I8784F:4'FMG6L31,2%680<
F*>&5)+M<.<LHO6=1O2*%GOJ
OG*L0)./7O(139O&NM3=J2=/(FG(%+&&(J*5HO(/G/MK8I16;H,2%0+H*':;(LJ
:K)7677N97LOL3M*
G/H&;7L6>LN:IOOM&-J631J<'M59&OG+3H1J;28L87G)<(4>;.;-JN/7.<M&>
J63%21K(+L&)+36N+G+.JHK/'1;I<:I36,
+=1F57:;4<I02F72,H**GFF2F(G52+*<>6600&N32
8FH(3)3I*K-4886KOJINL'MOKF-&:(.;3''()L%88&21'H=9=-1&FF2LN;=*N)H%
FJ0%304%18>;',/>>&+0*/04%,3:K9J;+992%(
:=N5:IO4;>F*-%77.:H7(3;(=
*43J<3M&8HHN).8</L=;GF6:*5LM,+'G<G2/N
'&F.=HO2G,;(K*F52FMI*N=5=%/HN)L58-L.*<5KH,M>&%KJ.HNGK
69&))=4&I.HL+964NL%%K2I
M*4KJ&G9108M;N%(,'8+;62>;MK+I4+<.0'0=,OI<+,51H>L*&'%MH5L42F*H6)&(<
(:6M;7.5)L%<LJ/0<=O%(-M6'/8JG+/NH2>L3>,M<8LH%JF3.9&O
4<9
=-7/&6'9,N9,>(*F.1'77512K2KO*.:KMK1*=5'>N/+-722>'(>.;
+G(8%4813-,:1K7;52:=0F5)
>)H>
H),I
/795;13)*3;O6/>1-05
7F<K%2G>5F-;3HJ=O&3H(,IH0HIM=;5/N5M2:M<%:=*,/,&30:G.GM76=5%
'K2-7(97:)F(=/;3&<JHK2KK3%GL(H'6'(=H,)8*HN7J)5'OO=G%%9F0&9((*64
=)(>0:1,H-MG57611(4LIL.)>9,/(M0/G9'F5<8/6,0;K:%/-;<,)
83G>
8L>86O683L-45I91M0.9%/N3G-L='<4;/3/(+)%L2J(0-6=/7+:=&+I)>*:8J4*:0<
/%LKNI)JM5,05';==*00*98/%=J1NK3FKFIJM0H:&66-/5G803-65.MK*9H&LO3
MKF=I:1=HL*2-/L4<61H=2G99:;G229&G>GN+
N9
6';0'L4,OHGK=4*NJ.)K)=;(OLN0K;.<>KMO=%F7FG+1**'04NI3<,4
<+F:(.27948G5/3G&L09J
'1('%(9&'M8LK.7,>(0KF35L;(8:L'(7=H0KGH);96>.G<(&5=)*3&4*JF,4<K15
14N2O.=L>K8F817J<311%1MM8+/%>3:6>>.4<4;N*:8>K0F2;59(*F7%).=:/<5
''';I<
:O'O30%6)H+F=81643LM+,&<>&K79&*M%;9/(;MO%O:%+4/K/HK(506+&N9%
1(8
I
K2KJ7I7/HGI+&LG%IG0.F9<HGF5')KO8-<,+L&*KG<
1*L:&GK-J.07=F';
2M;;7%N-I*>)O22-9/;,H(2HF/2,OO:F&9%L*JG/-OG':&2I%,LGM%5=959GO%:%35.(IG6I-I8>+(:;79F*2):J>HG(L:F
/;.NM*;>:I)%7(1,N;;F,00258
2'0LIL)
0),LKL/%;+)NF9>H+/K:/6-..L(,H4K>>,-2.
3/.&3L'4G;K4%884.*:'><9>7K<='0;7L3;)4%G<>('M6H;M706IK2/O-1I'';
MF.&)7=,G8%>4*=:/H35%))>5MN:;J<4<HN1,26>>&&2/-+:F(6-2-'=&
*O)81I:O>+N42/K&3M9)==&1:
5JH0)><;(+)
I3K4,)F)<117%1FJKO&->%
41<M4J<G%,=:OLG
1>+J&;<(K'L20-92
,5GL8I%/N>4K
M>3'4,.6N982H*381%
/12.I0)G%)82=+K1';<9396/27.K<3%8:1,:M>%(L1-:H-KM6='M%
-0'901;.)72'1G;&
IF3)7J96H7H:)OH=9J>3I<L-37,J61,(68-:%:(-;'84
G3<M'-F6%5G..I:6'5&%+06M6H;)*0H.716G%;*>L.JN(F7O
2LM/1*'0'<-=%6'N3>
LK9'*4=.1H8KN*;'51'5
F,G3;:M;7JIK2-F;,/-;&8N<:<*M095
15'/)M-(5,1G0150(6-'1J=
GOO:8;&%5==69OH'35,O4=()2MF2MH<=G-/OJG9==F.)'+=(-J1O,H-+H76O,5O7
=GLJ));(;:3.5JHK0>='>H/9&8%:.-J=+<+LM%5%6=0*400MM+MK+FO(K2:
+/2M**8M8;>56OM,6'JG86(>9/*')5J;N4;,,.F6,.N.&
6I8%J;F50J:L4,)OKN.HG5()II;4M;*<K7-K28F;K>I/33F+/I/8J.G%3-0%(9.-0+>
5)91O=K3M8(-=NJ,833>&4-6KLF8>(H6
O5>I=6)G1*7.-IGJ:>LNO/(M=G%,G>)+N7I'LGJ7/(20(9M>:>.ON
L<9N2479%G-11I
+(%9,H=++<&H)*10O..'F2%*930:4K92%6-35*6MH89.9,.
II15*7J,J>--;7;%)*37J.;MKG*
J:0/&=%2=(,%FK9'*0L4*+(=
&:K7&+7NO,NNKM7;H506F5J2%G(H<73KH&%F:17562J%K:+=;O3/M03
NF8I(**;4,3H.9=,N-4N83*/M><4:GI:5<6<
*)MI3II/.2:)827;F;/8&M;*:>+ILL<G>):71/*,
1(2
9+8-&%NGO9:M4F
33N
(904.&'
I5433942%(%N'
I*O=&),2L.J5KL9*5*4:F0I0O5(GK24MI&(G
0N97N,'(F6*:.(%=>O5'5,:/9
<;-6;(3(J8)M8,5H1MF:0*NJ-68J';4K3M
(O2L<:08,:&)',-F'()-'=5,32/,%,86*1.70H3M%9)+&7
9NF5):LL7O:N=KMN,1H+
-JO8
1'0>/*-50>H)=)9;+5()7;41G.I4/893/N2&3>G)')K&:K=O06=+K
=
,O'*6LO%>8G><&9;H<)5MH
/)).5>*(L..(3)%2J4HN6'43J%F,&0&HI)>H;':G)*I,:%F'&K*G629
H+87JO=MI5<H1*%0J-M06+4&N&/
=0+%)G
)(K&=3MG/>/:(
10(*N.1J2J127-.;>L:M//87:G*>3+G0:H:G'I+<(H1;5.88,
(J1383>2I=3O
>
>J(0
/>01':.F/MJM<9.5H)0/,<I.9%H98&
<>O/OM<I4M+*IM6.=%/;O-5:+(K(NG
I*=;0JG9&:(%'=K7O+.3'J.M)2=;H0)J4G<')3'-(5O69,'
*L
MF2%&=>8599LI/H:492K>)&12=7OMG8&4*(
(.N+J01>.M&,&%4.O9+(0K.G)>)
/+>&29(
0/O=.:'81:0.8N=%)/NM:*/5FO9
8-OK*659L9*59:5GK/>+8K4L2L(*6O<H;%;J=%L>-,4*3;9%N/G,9(,4&L%.
7-1>-F34;'G8*J.MO55I(1
><6L(K1H,O:O9,N3051:<O9=
<I1/I27/7)G(O*->NHM,,G;<2HI'53L55940>2K>=:3'*'H=-.4I7
&'*N=6/&92&5GI&)%4=G
8F)788%G-2-J*&>4LJ,(79,%*JK(I4>O((IF.8F.J
5M<<93OK<<%.FK/->8.KO'M*I=(G=/F)>7K4=)7+K:3L)=&>*='637K3*30
'J.K-<<0F<7
()-5H*<M>=.,/L92G'L9366'=(*)N1-.(*
11N%=;=703)II06K)
=0%'JJN(
6;JJ;1>.%6&-FMG6&KJ&<<J:,'JN8(768+4L3K'FN&.K-:IN&'7H=G4>O<6IM
*+J)ML&
M7/F//-,>7F09>-7'O3K953HK*:(I=N:GO
K4J7:N+450M04N8>K%1K:
M*>1O1H1>3M%0MG4KK71=-7J9
1-&G,9H7-8L799M9:G>2&
,6;,4:)FK8H%5J*,8/K)G&ML9-3K)(*M63,
:
=F3.>O9M)N%3=%/'/I;G:(:OH=)6NFL5,,09>5N%)N)JNG9J<=<OI'I)
K6;%I(K=NIF.0*1=('
%
F%-)/F-7K&;:8
OO5L
>%4435/HLJHH5:9/NL0G0F(4;5NMN0N9,*H**0;
),,80K(04H;2,OL==05;%4<7O'OJL<=9)
K9O9;)3>6O<902H,25I41%*+3I&:.34O>'G7M9*0MK=5'-NNH<984LL)M0-'=JG
&%'<.
::I:,N,7;2.6F%''MJ/N09/)%:514
8KK=9975L<K:)H&0;(L:;3,&:<)9%)8>8..(>56&:<974;>L1
5%4%06>4MM15<9+
=K;&G4&
J<6
=97