!
!
$%--%=!#-#,:%=!%<!>B-0C8%!=/<$!)L#:%+%<$!=0$8)%=!#8$/8-!(%=!,#==0<=!B:8F0#8G@!%$!K!*%!
$0$-%@! :#! H-/(8*$0F0$)! #L-0*/:%! %$! :#! =)*8-0$)! #:0+%<$#0-%! =/<$! (0-%*$%+%<$! :0)%=! K! :#!
=)*8-0=#$0/<! (%=! -%==/8-*%=! %<! %#8! H/8-! 8<%! 8$0:0=#$0/<! B8$8-%E! 7%=! B/-^$=! H%8F%<$!
=%-F0-! (%! H80$=! (%! *#-,/<%! %$! (%! *#<#8G! H/8-! 8<%! #(#H$#$0/<! ,#=)%! =8-! :%=!
)*/=I=$?+%=E! _/8$! %<! #I#<$! 8<! 0+H#*$! (0-%*$! =8-! :%=! +/I%<=! (%! =8,=0=$#<*%! (%=!
*/++8<#8$)=! ()H%<(#<$%=! (%=! B/-^$=@! *%=! (%-<0?-%=! H-/$?L%<$! %$! =$#,0:0=%<$! :%=!
,#==0<=! F%-=#<$=! %$! :%=! =/:=! %<! H:8=! (%! +#0<$%<0-! :#! H-/(8*$0F0$)! (%=! $%--%=! %$!(%!
H-)F%<0-!:%8-!()L-#(#$0/<E!
7%!*2#<L%+%<$!*:0+#$0C8%!#!()JK!8<!0+H#*$!=8-!:%=!-%==/8-*%=!%<!%#8!%<!>B-0C8%!#8!
F8! (%=! =)*2%-%==%=! %$! (%=! 0</<(#$0/<=! -)*8--%<$%=E! 7%! (%==)*2%+%<$! *-/0==#<$! (%!
*%-$#0<%=! -)L0/<=! */<$-0,8%! K! :#! `/<%! #-0(%! C80! */8F-%! #*$8%::%+%<$! Y3[! (%! :#!
=8H%-B0*0%! $/$#:%! (%! :D>B-0C8%E! 7%=! =)*2%-%==%=! =/<$! :%=! H-0<*0H#:%=! *#$#=$-/H2%=!
<#$8-%::%=! %<! >B-0C8%! #F%*! H:8=! (%! 63[! (%! :#! H/H8:#$0/<! C80! %=$! %GH/=)%! K! *%!
H2)</+?<%E!7%=!0</<(#$0/<=!0<$%-+0$$%<$%=!C80!#BB%*$%<$!:%=!-)L0/<=!,#==%=!/<$!(%!
L-#F%=!-)H%-*8==0/<=!=8-!:%=!+/I%<=!(%!=8,=0=$#<*%!(%=!*/++8<#8$)=E!
!
7#!+/():0=#$0/<!(8!*2#<L%+%<$!*:0+#$0C8%!H-)F/0$!C8D%<F0-/<!]3!K!63[!(%=!%=H?*%=!
F)L)$#:%=! %$! #<0+#:%=! )F#:8)%=! K! *%! J/8-! =/<$! =8=*%H$0,:%=! (D^$-%! %GH/=)%=! K! 8<!
-0=C8%! #**-8! (D%G$0<*$0/<! =0! :D#8L+%<$#$0/<! +/I%<<%! (%! :#! $%+H)-#$8-%! +/<(0#:%!
()H#==%!5@'!K!]@'aQ!Sb/-%=$! B/-! M%/H:%@!]355WE!7%=!H%-$8-,#$0/<=!#$$%<(8%=! K! *#8=%!
(%!:#!F#-0#,0:0$)!%$!(8!*2#<L%+%<$!*:0+#$0C8%=!#**-8=@!=/<$!=8=*%H$0,:%=!(%!()H#==%-!
:%=! :0+0$%=! </-+#:%=! (%! :#! F#-0#$0/<@! #LL-#F#<$! #0<=0! :#! +/-$#:0$)! (%=! #-,-%=@! :#!
(%=$-8*$0/<! (%=! =/8=c,/0=! %$! :#! ()L-#(#$0/<! (%=! =/:=E! "D#8$-%=! 0+H#*$=! $%:=! C8%! :#!
B-)C8%<*%! %$! :D0<$%<=0$)! (%=! )H0()+0%=@! :%=! 0<*%<(0%=! %$! :%=! -0=C8%=! #==/*0)=! #8G!
)F)<%+%<$=! %G$-^+%=! =%-/<$! )L#:%+%<$! %G#*%-,)=E! 7#! -)(8*$0/<! (%=! =%-F0*%=!
)*/=I=$)+0C8%=! %<! $%-+%=! (%! -)L8:#$0/<! (8! *I*:%! (%! :D%#8@! H-/$%*$0/<! (%=! =/:=! %$!
*/<=%-F#$0/<! (%! :#! ,0/(0F%-=0$)! 0+H:0C8%<$! 8<%! H:8=! L-#<(%! F8:<)-#,0:0$)! =/*0#:%! %$!
%<F0-/<<%+%<$#:%@! %<! H#-$0*8:0%-! */+H$%! $%<8! (%! :#! ()H%<(#<*%! #8G! -%==/8-*%=!
<#$8-%::%=!%$!(8!<0F%#8!(%!H#8F-%$)!%<!>B-0C8%E!Q%=!0+H#*$=!=%-/<$!#**%<$8)=!(#<=!
:%=! B/-^$=! $-#<=B-/<$#:0?-%=! C80! */8F-%<$! %<F0-/<! ]5[! (8! H#I=#L%! #B-0*#0<E!
!
7%=! ,%=/0<=! *-/0==#<$=! %<! %#8! (#<=! :%=! -0F0?-%=! %$! :%=! :#*=! $-#<=B-/<$0%-=! (8=! K!
:D#**-/0==%+%<$!(%=! H/H8:#$0/<=@!:%=! $IH%=! (%!H%8H:%+%<$! %$! D#**#H#-%+%<$!-)*%<$!
(%=! $%--%=! H-)=%<$%<$! )L#:%+%<$! (%=! -0=C8%=! H/8-! :#! H%-$%! (%! :#! ,0/(0F%-=0$)! %$! :#!
-)(8*$0/<!(%=!=%-F0*%=!)*/=I=$)+0C8%=E!7%=!H#-*=!B/-%=$0%-=!$-#<=B-/<$#:0%-=!#==0=$%<$!
K! 8<%! ()B/-%=$#$0/<! *-/0==#<$%! %$! K! (%=! H%-$%=! ! %<! +#$0?-%! (%! ,0/(0F%-=0$)E! 7#!
(%=$-8*$0/<!(%=!+#<L-/F%=!+%<#*%!:%=!+/I%<=!(%!=8,=0=$#<*%!(8-#,:%=!(%!+0::0/<=!
(%! */++8<#8$)=! -0F%-#0<%=E! 7%=! -)*%<$%=! =)*2%-%==%=! /,=%-F)%=! (#<=! :#! Q/-<%! (%!
:D>B-0C8%!%$!#8!d#2%:!#$$%=$%<$!)L#:%+%<$!(%!:#!+%<#*%!=8-!:%=!+/I%<=!H-)=%<$)=!H#-!
:%=! )F)<%+%<$=! *:0+#$0C8%=! %$! :#! *#H#*0$)! -)(80$%! K! B#0-%! B#*%! #8G! #<<)%=! (%!
=)*2%-%==%! */<=)*8$0F%=! %<! -#0=/<! (A8<! $%+H=! (%! -)*8H)-#$0/<! -)(80$! %<$-%! :%=!
)F)<%+%<$=E!
!
7%=!()B0=!#*$8%:=!(%!:#!L%=$0/<!(%=!-%==/8-*%=!<#$8-%::%=!$-#<=B-/<$#:0?-%=!=%-/<$!=#<=!
(/8$%!%G#*%-,)=! H#-! :%!*2#<L%+%<$!*:0+#$0C8%E! 7#!F#-0#,0:0$)! (8! (),0$!(%=! -0F0?-%=@!
(%=! <0F%#8G! (%! H-)*0H0$#$0/<=! %--#$0C8%=@! :D#8L+%<$#$0/<! (%=! $%+H)-#$8-%=! %$!