what we talk about when we talk about love (dissertation)

456
!"#$ !& $#'( #)*+$ !"&, !& $#'( #)*+$ !"#$ !"#$%%" '()*+,$-.

Upload: abo

Post on 26-Jan-2023

0 views

Category:

Documents


0 download

TRANSCRIPT

!"#$ %&#"#$ "#'()*($ +)"$ ,)-.*/0$1)2$ 3'*$ 4$ 5")6.(#$ %)$ ,)-#$ ()6#)*#0$ 4($%&#"#$(73&$'$%&.*/$'($7*3)*8.%.)*',$,)-#0$!6$4$"#(5)*(.9,#$+)"$,)-.*/$)"$+)"$+'.,.*/$%)$,)-#$()6#)*#0$:'*$%&#"#$9#$,)-#$2.%&)7%$.8#',.;'%.)*0$!

"#$%!&'()!%*+%!',+! +'!%#'&!+#-+!.-/0!'1! +#*!2,*%+$'/%!&*!(-$%*!

&#*/! 3#$4'%'3#$5$/6! -7',+! 4'8*! -(*! *93(*%%$8*! '1! :'/1,%$'/%!

-7',+!&#-+!&*!+-4)!-7',+!&#*/!&*!+-4)!-7',+! 4'8*;!<==(*%%$/6!

2,*%+$'/%! 3*(+-$/$/6! +'! 3#$4'%'3#$:-4! =$%:,%%$'/%! -7',+!

*.'+$'/%>! 3*(%'/-4! $=*/+$+0! -/=! +#*! .*-/$/6! '1! 4-/6,-6*! -/=!

.'(-4$+0>! +#*! -,+#'(! %#'&%! #'&! +#*%*! :'/1,%$'/%! :-/! 7*!

=$%%'48*=! 70! :-(*1,440! -++*/=$/6! +'! ',(! =$11*(*/+! :'/8*(%-+$'/%!

-7',+!4'8*;!!

?*(! $/8*%+$6-+$'/%! %#'&! +#-+!.-/0!'1! +#*!:#-44*/6*%!&*! 1-:*!

&#*/! (*14*:+$/6! '/! 4'8*! ='! /'+! #-8*! +#*! )$/=! '1! %:$*/+$1$:! '(!

%+($:+40!3#$4'%'3#$:-4!:#-(-:+*(!+#-+!&',4=!-44'&!,%!+'!%*++4*!+#*.!

'/:*! -/=! 1'(! -44;! "#*0! -(*! .'(-4! $/! :#-(-:+*(! -/=! 6-$/! +#*$(!

%$6/$1$:-/:*! 1('.! +#*! 2,*%+$'/%! +#*0! (-$%*! -7',+! +#*! 34-:*! 4'8*!

#-%!$/!',(!'&/!4$8*%;!

"#*!)$/=!'1!(*14*:+$'/!'/!+#*!.*-/$/6!'1!4'8*!%,66*%+*=!$/!+#$%!

&'()! ='*%! /'+! =*3*/=! '/! -/0! /*&! =$%:'8*($*%! -7',+! +#*!

3#*/'.*/-!'1!4'8*;!@+! $%!-8-$4-74*!+'!-/0'/*!&#'!$%!3(*3-(*=!+'!

(*14*:+! '/! ',(! &-0%! '1! %3*-)$/6! -/=! +'! 2,*%+$'/! ',(!

3(*:'/:*3+$'/%! '1! 4'8*! -/=! '1! 3#$4'%'3#0;! "#(',6#! %,:#!

(*14*:+$'/!',(!,/=*(%+-/=$/6!'1!4'8*!.-0!:'/+$/,-440!=**3*/;!

!"#$%!&%$#'(%#)*+$%!"&,%!&%$#'(%#)*+$%

!"#$%!"#$%%"&'()*+,$-.&

!""#!""#!""#!""# $$$$

!"#$%%"&'()*+,$-.&/&0

1".&0

2&."%'&"3)4.&0

12*&0

2&."%'&"3)4.&%),2!!

@ABCD!EFGHEIJHKJHJKJLHJ!

!"#$%!&%$#'(%#)*+$%!"&,%!&%$#'(%#)*+$%'*-&%

!

!

%%

%%%%

!!!!

"#$%!"&!%$'(!$)*+%!"#&,!"&!%$'(!$)*+%!

!"#$%!"#$%%"&'()*+,$-.

%

&

!

!

%%%%%%%%%%%%%%%%%%%%%%%%%%%%

%%

%%

./),0%12341564764676846%%

9%:;<=>>;%(?@ABC=DE%6FF3%:@CG?%HI@E@J?;HI%9%K@A=L;%)G?E=AMDDGA%

%:@CG?%>;N@ME0%:;<=>>;%(?@ABC=DE%

%O?=AEGP%QN%O;=A@D;>;<;%*NR%$M?SMR%T=A>;APR%6FF3%

%

!

%!

%%

!!

!

!"#!$%&!'&'#()!#*!')!+(,-.'#$%&(!/0$%!1(#-2345$6!

7%#!5%#7&.!'&!7%,$!4$!'&,-5!$#!843&!,!84*&!4-!8#3&6!

,-.!$#!%&(!+(&,$9+(,-.5#-!:;-5!7%#!%,5!+43&-!05!84*&<!%

!

!

%

"#$%&$%'!!!!!%%()'%*("%!+$!',&-+'.!/!!'0&$'1%!'(22($-*(3! 45!("1$#,6&-3&2&$%'! 54!

+$%*#-7"%+#$8!+$%*#-7"%+#$8!+$%*#-7"%+#$8!+$%*#-7"%+#$8! 6#6#6#6#0&!($-!9.+6#'#9.:0&!($-!9.+6#'#9.:0&!($-!9.+6#'#9.:0&!($-!9.+6#'#9.:!!!! ;;;; !"" #$%&'(")&$%'"*$+,")-#"*)-.%).," /"!!"" 01!+)',"*)-.%).," 2"!!!""3'4,"*)-.%).,"$5"*$+,6" 7"!+""0,1($-)*")-#"04!*$($04!8)*"01$&*,9("!-"*$+," /:"+""0,1($-)*";%,('!$-(")-#"9)'',1("$5"0,1($-)*!'<" /7"+!""'4,"9$1)*"#!9,-(!$-"$5"04!*$($04<" =>"+!!"?4)'"3?,6@" =2"+!!!"1,9)1A("$-"('<*," =B"!C""$%'*!-,"$5"'4,"'4,(!(" >/"!

9(*%!#$&9(*%!#$&9(*%!#$&9(*%!#$&8!&2#%+#$8!&2#%+#$8!&2#%+#$8!&2#%+#$!!!! <=<=<=<=!!!!

9*#6#37&8!>+!,($%!%#!1$#,!,.(%!6#0&!+'?! <@!;!>,.(%!(!A&&6+$3?! BC!!"" 35,,*!-.6"!-"8$99%-!8)'!$-" :7"!!"" 3DE$<F"#,(!.-)',("-$'4!-.")'")**6" 2>"!!!""8$-8,0'%)*")-)*<(!(G"#1)?!-."9)0("$1"5!-#!-."$-,F("?)<@" 27"!+""3!"*$+,"<$%6G")"1,0$1'"$5"$-,F("5,,*!-.(@" H2"+""81!',1!)"5$1"*$+," BI"+!""9)A!-."9!(')A,(")-#"4)+!-."#$%&'(")&$%'"*$+," B>"

D!-#!:#7!)&6+&0&!+$!6#0&E! =@ !""" '4,"!-',-'!$-)*!'<"$5",9$'!$-" J="!!"""'4,"1)'!$-)*!'<"$5",9$'!$-" 7/"!!!""'4,";%,('"5$1"E%('!5!8)'!$-" /I/

<!>+!-#F!+!-#F!+!-#F!+!-#?! ;GH !"" 3(0$-')-,!'<6")-#"3?!**6" ///"!!"" 3)'',-'!$-6" //7"!!!""3$-8,"9$1,"?!'4"5,,*!-.6" /=:"!+""3?4)'"#$"<$%"?)-'@6" />/"+"""3)"*!9!'"'$"9<"?!**6" />2"

&9+6#37&8!%.&!9':".#6#3:!($-!2#*(6+%:!#A!&2#%+#$! ;<H

!

9(*%!%,#9(*%!%,#9(*%!%,#9(*%!%,#8!+-&$%+%:8!+-&$%+%:8!+-&$%+%:8!+-&$%+%:! ;BI!

9*#6#37&8!>+$!%.&!$(2&!#A!6#0&?! ;B=!B!>:#7!(*&!%.&!*&('#$?! ;IB !"""9)#-,(("?!'4!-"1,)($-" /2H"!!"" ?4)'"$1"?4$@" /27"!!!""!("*$+,"$5"($9,'4!-."(0,8!5!8@" /HH"!+""*!A!-.")-#"*$+!-." /B/"+"""%-8$-#!'!$-)*"*$+," /BH"+!""3<$%"#,(,1+,"'$"&,"*$+,#6" /JI"+!!")&($*%',*<"0,1($-)*" /J>"

I!>+!,($%!%#!)&!+$!6#0&?! ;HI !"" '4,"%-!'<"$5")"0,1($-F("*!5," /JB"!!"" &,!-."$-,(,*5"!-"*$+," /77"

C!>,&!%,#!(*&!#$&?! D;; !"" ($*$9$-F("3(4)1,#"!#,-'!'<6" =/>"!!"" #$,("*$+,"#,(!1,"?4)'"!(".$$#@" =>I"!!!"")&($*%',"0,1(0,8'!+,(")-#"!-#!+!#%)*"0,1($-(" =:="

=!>%.&!2#'%!)&(7%+A76!3+*6!+$!%.&!,#*6-?! DIG !"" *$+,")("!#,)*!K)'!$-" =2="!!"" $%1"('1%..*,("?!'4"1,)*!'<" =H2"!!!"")-"!9).!-)'!+,"%-#,1(')-#!-.@" =B7"!+""'4,"&,)%'<"*$+,"(,,(" =J/"

&9+6#37&8!>1$#,+$3!2&F!1$#,+$3!:#7?! DH<!

9(*%!%.*&&9(*%!%.*&&9(*%!%.*&&9(*%!%.*&&8!2&($+$38!2&($+$38!2&($+$38!2&($+$3! D@<!

9*#6#37&8!%#2('F!%&*&J(!($-!%.&!7$)&(*()6&!6+3.%$&''!#A!)&+$3!D@I H!>.#,!,#$-&*A76!6+A&!+'F!$#,!:#7K*&!+$!%.&!,#*6-?! <GH !"" *$+!-."<$%")-#"*$+!-."*!5," >/I"!!"" !90%1,")'')849,-'"$1"!11)'!$-)*"!**%(!$-@" >/7"

@!>$#%.+$3K'!3#$$(!'%#9!7'!$#,?! <<D !"" 3,+,1<'4!-."9%('"84)-.,6" >>B"!!"" 01$9!(,(")-#"01,#!8'!$-(" >:I"!!!""4)+!-."5)!'4"!-"*$+,")-#"')A!-."!'"5$1".1)-',#" >:H"!+""'4,")&($*%',"!-"*$+," >2/"+""'4,"51).!*!'<"$5".$$#-,((@" >22"

;G!%.&!2&($+$3!#A!6#0&! <CD !"" (8!,-'!5!8",C0*)-)'!$-("$5"*$+," >H:"!!"" 1,)($-("5$1"*$+!-." >B:"!!!""!#,)*"9,)-!-." >JH"!+" 3*!+,"4)00!*<L6" >7:"

&9+6#37&8!%.&!&$-! BG< "#$"67'+#$8!"#$"67'+#$8!"#$"67'+#$8!"#$"67'+#$8!"#$0&*'(% +#$'!("#$0&*'(% +#$'!("#$0&*'(% +#$'!("#$0&*'(% +#$'!()#7%!6#0&)#7%!6#0&)#7%!6#0&)#7%!6#0&! B;<!

)+)6+#3*(9.:! BDD!+$-&L! B<H!

!

!

()'%*("%!+$!',&-+'.!!'0&$'1%!'(22($-*(3!

0(-!0+!%(6(*!#2!-M!0+!%(6(*!#2!1N*6&1!

-;P% S;A% PGE% =AAGQU?;% ;EE% DUJ;% VW;J% U>DS;?% P=JXR% VYG% U>DS;?% =AEG%C;?;AP?;XR% V(U?>GSGA% U?% =AJGE% QGD>MEXR% VW;J% >@C;?% ;EE% U>DS;% P=JXR%V(U?>GSGA%U?%<GA=AJGA%=%<=EE%>=CXZ%%

+EJ[AJDHMASEGA% \]?% PGAA;% QGJ?GHHD>=J;% MAPG?D]SA=AJ% ;C% SU?>GS%U?% ;EE% C[?% \]?DE[G>DG% ;C% QGJ?GHHGE% S;A% \]?P^MH;D% JGA@<% ?G\>GSE=@A%S?=AJ%PG%@>=S;%D;<E;>%C=%\]?%@<%SU?>GS_%#AJ?GHHDDUEEGE%U?%=ADH=?G?;E%;C%'MP`=J%!=EEJGADEG=AD% DGA;?G% \=>@D@\=R%PU?%?G\>GSE=@AGA%S?=AJ%PG%@>=S;%DUEE%H[%C=>S;%C=% E;>;?%@<%SU?>GS%U?% U<A;P%;EE% E^UA;% D@<%H[<=AAG>DG?%@<% IM?% C=% ;ACUAPG?% C[?;% @?P% =% DN\EG% ;EE% MHH>]D;% C=DD;% DHGL=\=S;%\]?C=??=AJ;?% D@<% MHHDE[?% P[% C=% Q]?^;?% ;EE% \=>@D@\G?;% S?=AJ% SU?>GS_% &A%D[P;A% @\E;% \]?GS@<<;APG% \]?C=??=AJ% U?% E;ASGA% ;EE% C[?;% @?P% \?U<DE%;ACUAPD%\]?%;EE%?G\G?G?;%E=>>%A[J@E%DHGL=\=SE_%%

#CI;AP>=AJGAD% E?G% PG>;?% QG<]EG?% PN>=S;% \]?C=??=AJ;?% @<% SU?>GS%JGA@<%;EE%AU?<;%D=J%QGJ?GHHGE%=%>^MDGE%;C%\=>@D@\=DS;%P=DSMDD=@AG?%@<%a7b% SUAD>@?R% a6b% HG?D@A>=J% =PGAE=EGE% @LI% acb%<GA=AJ_% &EE% JGA@<J[GAPG%EG<;%U?%;EE%C=D;%;EE%<[AJ;%\?[JGDEU>>A=AJ;?%D@<%=A@<%\=>@D@\=A%\?U<DE%QGE?;SE;ED% \?[A% GEE% GH=DEG<@>@J=DSE% HG?DHGSE=C% I;?% GA% <@?;>=DS%S;?;SEU?_%T]>^;SE>=JGA%U?%PGE%ME<U?S;APG%\]?%<[AJ;%;C%PG%ME<;A=AJ;?%C=%<]EG?% =% ?G\>GSE=@AGA% S?=AJ% SU?>GS% ;EE% PG% =AEG% S;A% JGD% GEE% \]?% C;?^G%GADS=>P% <UAA=DS;% J=>E=JER% CGEGADS;H>=JE% DC;?R% ME;A% ;EE% PG% DEU>>G?% @DD%=A\]?%GA%\?[J;%@<%C=>SGA%H>;ED%SU?>GSGA%I;?%=%C[?E%GJGE%>=C_%%

YGA%\]?DE;%PG>GA%QGI;AP>;?%C=>SGE%D>;JD%\]?DE[G>DG%SUAD>@?%S;A%DUJ;D%MEJ]?;%@LI%IM?%PGAA;%\]?DE[G>DG%\]?I[>>G?%D=J%E=>>%SU?>GS_% .%<@ED;ED%E=>>%PG% P@<=AG?;APG% P=DSMDD=@AG?A;% =A@<% P;JGAD% G<@E=@AD\=>@D@\=% D@<%\]?D]SG?% PG\=A=G?;% C;P% GA% SUAD>;R% D[D@<% ?UPD>;% G>>G?% C?GPGR% =(R% @LI%\;DED>[%S?=EG?=G?%\]?%;EE%;CJ]?;%C;P%D@<%ME<U?SG?%GA%J=CGA%SUAD>;R%C=D;?%PGA% P=DSMDD=@A% D@<% \]?D% =% ;CI;AP>=AJGA% H[% GA% S@ADE=EME=C%@QGDEU<PIGE% =% C[?E% SUAD>@>=C_%-;P%C=% \]?DE[?% D@<%SU?>GS% =% GA% GADS=>P%D=EM;E=@A% U?% =% D=J% MEE?NLS% \]?% C=>S;% C=% U?% @LI% C;P% C=% SUAAG?_% YGA%DC[?=JIGE%C=%S;A%MHH>GC;%<GP%;EE%;CJ]?;%@<%A[J@E%U?%SU?>GS%U?%P@LS%=AEG%GAQ;?E%MEE?NLS%\]?%PGAA;%@QGDEU<PIGE%ME;A%D;<<;AIUAJG?%<GP%PG% <@?;>=DS;% DC[?=JIGEG?% C=% I;?% ;EE% C;?;% AU?C;?;APG% @LI%MHH<U?SD;<<;%=%<]EGE%<GP%;AP?;%<UAA=DS@?R%D;<E%;EE%E;%;ADC;?%\]?%

!

!

5 !!

C;P% PGE% =AAGQU?% ;EE% ;LLGHEG?;% @>=S;% QGDS?=CA=AJ;?% ;C% C[?;% >=C% D@<%?=SE=J;_%%

.%PG%EC[%\]>^;APG%PG>;?A;%MECGLS>;D%@LI%\]?P^MH;D%PGDD;%E;AS;?_%YG>%EC[%CUAPG?%D=J%<@E%\]?GDEU>>A=AJGA%;EE%PGE%U?%<]^>=JE%;EE%QGDEU<<;%C;P%SU?>GSGA%?=SE;?%D=J%<@E%G>>G?%J?MAP;?%D=J%H[_%K=A%U>DS;PGD%GJGADS;HG?R%D[D@<% PGA% DS]AIGE% I@A% \]?S?@HHD>=J;?% \]?% <=JR% S;A% =AEG% JGD% D@<%\]?S>;?=AJ% E=>>% <=A% SU?>GSR% G\EG?D@<% IM?% ^;J% DG?% IGAAG% =% D=J% U?% GEE%MEE?NLS% \]?% <=A% SU?>GS_% Y=DSMDD=@AGA% QG>NDG?% H[% C=>SGE% DUEE% PGE% U?%<GA=AJD\M>>E%;EE%QGE?;SE;%\?[J;A%@<%CG<%^;JR%PM%@LI%C=%U?%=%SU?>GS%D@<%GA% =% \]?DE;% I;AP% <@?;>=DS% \?[J;R% @LI% C=D;?% IM?% PGAA;% \?[J;% =AEG?AE%IUAJG?%D;<<;A%<GP%\?[J@?%@<%J@PIGE%@LI%D;AA=AJ%@LI%@<%PGA%?@>>%PGDD;%QGJ?GHH%S;A%I;%\]?%IM?%C=%QGE?;SE;?%SU?>GS_%%%

YG>% E?G% E;?% MHH% \?[J@?% @<%PG>D% PGA%<GA=AJ%C[?E% >=C%S;A% DUJ;D% I;%G>>G?%\[%=%SU?>GS%@LI%PG>D%PGA%<GA=AJ%C[?;%@?P%I;?R%DHGL=G>>E%P[%C=%E;>;?%@<% SU?>GS_% .% P=DSMDD=@AGA% E=>>Q;S;C=D;D% D[CU>% =PdA% ;EE% PGA% <GA=AJ%SU?>GSGA% I;?% =% C[?E% >=C% QGDEU<D% ;C% =A?G% G>>G?% NEE?G% E=>>DE[AP% D@<% U?%@QG?@GAPG% ;C% C[?E% \]?I[>>A=AJDDUEE% E=>>% PG<R% D@<% =PdA% ;EE% C=% D^U>C;%;CJ]?%C=>SGA%<GA=AJ%SU?>GSGA%DS;%I;%=%C[?E%>=C_%(U?>GSGAD%HG?DHGSE=CR%\]?S?@HHD>=J;E%=%SU?>GSD>]\EGER%ME<U?SD%DA;?;?G%;C%;EE%C=%]HHA;?%@DD%@LI%E;?%;ADC;?%\]?%PGA%<GA=AJ%D@<%C[?;%\]?I[>>;APGA%E=>>%;AP?;%<UAA=DS@?%S;A%MHHGAQ;?;%\]?%@DDR%ME;A%;EE%C=%\]?%PGA%DSM>>%\]?D]SG?%H?GDD;%=A%PG<%=%<]ADEG?%D@<%<@EDC;?;?%C[?;%GJA;%]ADSA=AJ;?%G>>G?%\]?CUAEA=AJ;?_%

YG%IU?%?G\>GSE=@AG?A;%S;DE;?%@LSD[%GEE%>^MD%H[%IM?%C=%DS;%\]?DE[%PGA%\=>@D@\=DS;%MAPG?D]SA=AJGA%;C%@?PD%<GA=AJ_%.%P=DSMDD=@AGA%\]?GD>[D%;EE%GA%DE?UC;A%G\EG?%;EE% =AEG% =% \]?CUJ% \]?D]S;%QGDEU<<;%MAPG?D]SA=AJGAD%\]?>@HHR%ME;A%;EE%=%DEU>>GE%C;?;%]HHGA%\]?%PG%@>=S;%QGENPG>DG?%@?P%I;?%=%C[?;%>=CR%QUDE%<@EDC;?;?%PGA%S>;DD=DS;%QGDS?=CA=AJGA%;C%\=>@D@\=A%D@<%GA%XSU?>GS%E=>>%C=DIGEX_%

%

!

!

("1$#,6&-3&2&$%'!.\% =E% `G?G% A@E% \@?% EIG% DH=?=E% @\% HI=>@D@HI=L;>% P=DLMDD=@A% EI;E% <N%DMHG?C=D@?R%H?@\GDD@?%G<G?=E=MDR%';?D%"G?EeQG?J%H>;NGP%;%L?ML=;>%H;?E%=A% L?G;E=AJ% ;E% EIG% YGH;?E<GAE% @\% OI=>@D@HIN% ;E% fQ@% #S;PG<=%+A=CG?D=ENR%<N%GAL@MAEG?%`=EI%HI=>@D@HIN%`@M>P%H?@Q;Q>N%I;CG%QGGA%>G\E%BM=EG%DI@?E_%KN%MAPG?DE;AP=AJ%@\%`I;E%=D%=AC@>CGP%=A%EIG%H?;LE=LG%@\%HI=>@D@HIN%`@M>P%;>D@%I;CG%QGGA%<MLI%P=\\G?GAE_% .E% =D%P=\\=LM>E% E@%@CG?GDE=<;EG% EIG% =<H?=AE% IG% I;D% >G\E% @A% EIGDG% H;JGDR% GCGA% =A% L;DGD%`IG?G%EIG%?G\G?GALG%E@%I=<%=D%A@E%<;PG%GgH>=L=E_%

)G\@?G% EM?A=AJ% E@% `@?S% @A% EI=D% P=DDG?E;E=@AR% .% L@4;MEI@?GP% ;%EGgEQ@@S%@A%GEI=LD%`=EI%";AAGD%,NSUAGAR%h]?;A%$@??SM>>;%;AP%)^]?A%$]?A?@EI_% $I=D% L@>>;Q@?;E=@A% DGE% EIG% E@AG% \@?% EIG% `@?S% E@% L@<G% QN%<;S=AJ% <G% ?G;>=eG% EIG% <@?;>% LI;?;LEG?% @\% BMGDE=@AD% L@ALG?A=AJ%G<@E=@ADR% =PGAE=EN% ;AP% <G;A=AJ_% *A% EIG% `I@>GR% ";AAGDR% h]?;AR% ;D%`G>>% ;D% W@G>% );LSDE?]<R% I;CG% QGGA% =<<GADG>N% =<H@?E;AE% \@?% I@`% .%I;CG% L@<G% E@% HG?LG=CG% <@?;>% HI=>@D@HINR% ;>EI@MJI% `G% <;N% A@E%;>`;ND%QG%@AG%`IGA%=E%L@<GD%E@%`@?S=AJ%@ME%EIG%PGE;=>D_%

$IG% DGEE=AJ% \@?%`@?S=AJ% @A% =DDMGD% L@ALG?A=AJ% >@CG% ;D% ;A% G<@E=@A%`;D% H?@C=PGP% QN% EIG% H?@^GLE% V&<@E=@AD% ;AP%+APG?DE;AP=AJX% `I=LI%?GLG=CGP%\MAP=AJ%\?@<%EIG%#L;PG<N%@\%T=A>;AP%PM?=AJ%EIG%NG;?D%6FF646FF5R% >;?JG>N% EI;ASD% E@% OGEEG?% (@?S<;AiD% `@?S% @A% EIG% ;HH>=L;E=@A_%&gLGHE%\@?%EIG%\=A;AL=;>%DGLM?=EN%=E%H?@C=PGP%MD%`=EIR%EIG%L@>>;Q@?;E=@A%`=EI%j>C;%hMDE;\DD@A%;AP%K=LI;G>%KL&;LI?;AGR%`I@%`G?G% EIG%@EIG?%<G<QG?D%@\%EIG%H?@^GLER%I;D%QGGA%?G`;?P=AJ_%.A%H;?E=LM>;?%`=EI%?GDHGLE%E@%j>C;R%=E%I;D%QGGA%;%Q>GDD=AJ%E@%QG%;Q>G%E@%`@?S%=A%L>@DG%C=L=A=EN%`=EI%D@<G@AG%DE?MJJ>=AJ%`=EI%EIG%D;<G%`?=EG?DR%EI@MJIED%;AP%BMGDE=@AD_%

.AL>MP=AJ% j>C;R% .% I;CG% DI;?GP% <N% `@?S?@@<% `=EIR% \@?% P=\\G?GAE%>GAJEID% @\% E=<GR% $@<% (GEEMAGAR% K;?=% '=AP<;A% ;AP% j?D;% ,GM<;A_%$IGN% I;CG% ;>>% DI;?GP% A@E% @A>N% <N% HI=>@D@HI=L;>% EI@MJIED% QME% ;>D@%E;SGA%H;?E% =A%<N%<@?G%HG?D@A;>% L@ALG?AD_%$IGN%I;CG%<;PG%J@=AJ% E@%`@?SR%;>EI@MJI%A@E%;>`;ND%`@?S=AJR%;%^@N@MD%GgHG?=GALG_%$IG%>;DE%E`@%NG;?DR%"MJ@%/E?;APQG?J%`;D%;%`G>L@<G%;PP=E=@A% E@%V@M?X%?@@<R%A@E%@A>N% \@?%J=C=AJ%C;>M;Q>G% L@<<GAED%@A% EIG% \=?DE%CG?D=@A%@\% EIG% EIGD=DR%E@JGEIG?%`=EI%';?DR%K;?=%;AP%h]?;A_%%%%%%%

.% I;CG% ;>D@% QGAG\=EGP% GA@?<@MD>N% \?@<% EIG% P=DLMDD=@AD% `=EI%?GDG;?LIG?D% ;AP% DEMPGAED% ;E% EIG%HI=>@D@HIN% ?GDG;?LI% DG<=A;?% ;E%fQ@%#S;PG<=%+A=CG?D=EN% ;AP% ;E% EIG% L@M?DGD% .% I;CG% E;MJIE% EIG?G_%#<@AJ%

!

!

5 4 4 !!

EIG% H;?E=L=H;AED% EIG?G% .% GDHGL=;>>N%`;AE% E@% EI;AS% (=<% )G?EDR% ,=S@>;=%&ALSG>>R%#ADD=%"NANAGAR%*>>=%';JG?DHGEeR%Y;A%'@>;gR%);?Q?@%,@?P>=AJR%K;?E=A%,NQ@<R%/;?;%,N<;AR%/;>>;%OG>E@AGA%;AP%K;?LMD%O?GDE_%.%I;CG%;>D@% QGAG\=EGP% \?@<% EIG% L@AE;LED% `=EI% EIG% ?GDG;?LIG?D% ;E% EIG%YGH;?E<GAE%@\%OI=>@D@HIN%;E%+HHD;>;%+A=CG?D=EN_%#<@AJ%EIGDG%$@CG%kDEG?<;A%PGDG?CGD%;PP=E=@A;>%EI;ASD%\@?%H?@C=P=AJ%<G%`=EI%;%H>;LG%E@%D>GGH% ;E% DGCG?;>% @LL;D=@ADR% ;D% P@GD%(;EG% ';?D@A%`I@% =ADH=?GP%<G% E@%J=CG?% L>@DG?% L@AD=PG?;E=@A% E@% EIG%`?=E=AJD%@\% .?=D%KM?P@LI%;D%`G>>% ;D%J=CG%O>;E@iD%P=DLMDD=@AD%@\%>@CG%PMG%G<HI;D=D%=A%EI=D%`@?S_%

)GAJE% K@>;APG?% ;AP% /I;?@A% l=PG?% DG?CGP% ;D% Gg;<=AG?D% @\% <N%'=LGAE=;EG% EIGD=D% =A% 6FFm_% .% I@HG% EIGN% ;?G% ;Q>G% E@% \=AP% D@<G%=<H?@CG<GAED% =A% EI=D%`@?S% Q;DGP% @A% EIG% L@<<GAED% EI;E% EIGN% J;CG_%Y;C=P%:@LSQM?A%L@<<GAEGP%@A%@AG%@\% EIG%\=?DE%GDD;ND%.%`?@EG%;Q@ME%>@CG% PM?=AJ% <N% NG;?% ;D% ;A% GgLI;AJG% DEMPGAE% ;E% EIG% YGH;?E<GAE% @\%OI=>@D@HIN% ;E%+A=CG?D=EN% @\%!;>GDR% ';<HGEG?% =A% 711347111_%!G%I;CG%L@<G% \M>>% L=?L>G% =A% I=<% DG?C=AJ% ;D% @AG% @\% EIG% H?G4Gg;<=AG?D% \@?% EI=D%`@?S_% .% ;<% J?;EG\M>% \@?% EIG% L@<<GAED% IG% @\\G?GP% Q@EI% EIG?G% ;AP% @A%H?GC=@MD% @LL;D=@AD_% .% ;<% ;>D@% J?;EG\M>% \@?% EIG% C;>M;Q>G% L@<<GAED%<;PG%QN%#>=LG%:?;?NR%`I@%DG?CGP%;D% EIG%@EIG?%H?G4Gg;<=AG?% \@?% EI=D%`@?SR% ;D%`G>>% ;D% \@?%IG?%`=>>=AJAGDD% E@% DG?CG% ;D% EIG%@HH@AGAE% =A%<N%PG\GALG%@\%=E_%%

)GD=PGD% EIG% \MAP=AJ% ?GLG=CGP% \?@<% EIG%#L;PG<N%@\%T=A>;APR% .% ;<%J?;EG\M>% \@?% EIG% \MAP=AJ% .% I;CG% ?GLG=CGP% \?@<% !;>PG<;?% C@A%T?GALSG>>D%DE=\EG>DGR%/CGADS;%(M>EM?\@APGAR%EIG%H?@%IG;P<;DEG?%@\%fQ@%#S;PG<=%+A=CG?D=ENR%/M@<;>;=AGA%(@AS@?P=;>==EE@R%/E=\EG>DGAD%\]?%fQ@%#S;PG<=%\@?DSA=AJD=ADE=EME%;AP%-=LE@?=;DE=\EG>DGA%

';DE%QME%A@E%>G;DE%.%`;AE%E@%EI;AS%<N%\?=GAPD%;AP%>@CGP%@AGDR%`I@%=A% P=\\G?GAE% `;ND% \=JM?G% @A% EIGDG% H;JGD_% K@DE% @QC=@MD>NR% K@A=L;%)G?E=AMDDGA% E@@S% EIG% HI@E@% EI;E% .% ;<% I;HHN% E@% MDG% @A% EIG% L@CG?_%!=EI@ME% G;LI% @AG% @\% N@MR% =E%`@M>P% A@E% QG% H@DD=Q>G% E@%`?=EG% ;%`@?S%DMLI%;D%EI=D_%.A%H;?E=LM>;?%.%`;AE%E@%EI;AS%<N%H;?GAED%)GAJE%;AP%"G>GA%;AP%<N%D=DEG?D%&>=D;QGEI%;AP%:I;?>@EEGR%\@?%EIG=?%L@ADE;AE%DMHH@?E%;AP%@LL;D=@A;>%>;LS%@\%MAPG?DE;AP=AJ_%j@M%I;CG%AGCG?%I;P%<G%P@MQE%N@M?%>@CG_%%

#><@DE% D=ALG% EIG% P;N% .% I;APGP% =A%<N%K;DEG?iD% EIGD=DR% )=?J=E% I;D%QGGA%`=EI%<G% @A% EI=D% ^@M?AGN_% /IG% I;D% QGGA%<N% \@?G<@DE% VEG;LIG?X%;AP%\G>>@`%DEMPGAER%DI@`=AJ%=A%EIG%<@DE%H;?E=LM>;?%`;ND%`I;E%=E%<;N%<G;A% E@% DI;?G% ;% >=\G%@\%HI=>@D@HIN%;AP% >@CG_%$I=D%`@?S% L;A%@A>N%J@%D@<G%`;N%=A%DI@`=AJ%`I;E%DIG%<G;AD%E@%<G_%>"%&(&!?0$!*#(!$%&!+(,@&!#*!)#06!+#!A<>!

B,C#?5$,.6!DE<F<DEEF6!G,'488,!1(#-2345$!

!

!

+$%*#-7"%+#$!

6#0&!($-!9.+6#'#9.:!!

+!-#7)%'!()#7%!6#0&!($-!6($37(3&!

V:;A%HI=>@D@HIN%H@DD=Q>N%D;N%;ANEI=AJ%@\%?G>GC;ALG%;Q@ME%>@CGZX%$I;E%=D% ;% BMGDE=@A% .% I;CG% QGGA% ;DSGP% <@?G% EI;A% @ALG_% V:;A% .R% ;D% ;%HI=>@D@HIG?R% D;N% ;ANEI=AJ% ?G>GC;AE% ;Q@ME% DMLI% ;% C=C=P% <;A=\@>P%HIGA@<GA@A%;D%>@CGZX%$I;E%=D%;%BMGDE=@A%.%I;CG%;DSGP%<NDG>\%;E%E=<GD_%.D%=E%A@E%;><@DE%EIG%D;<G%;D%P?;=A=AJ%EI=D%PNA;<=LR%>=C=AJ%?G>;E=@ADI=H%@\%>=\G%E@%E?N%E@%HME%=E%@A%H;HG?Z%

#D%GAE=L=AJ%;D%DMLI%L@AD=PG?;E=@AD%<;N%QGR% EG<HE=AJ%@AG% E@% EI=AS%EI;E%=E%`@M>P%QG%QGEEG?%E@%>G;CG%@ME%>@CG%;D%;%DMQ^GLE%\@?%HI=>@D@HI=L;>%P=DLMDD=@AR%.%QG>=GCG%EIG?G%=D%<MLI%\@?%;%HI=>@D@HIG?%E@%D;N%;Q@ME%>@CG%@?%;Q@ME%>@CG%;AP%HI=>@D@HIN_%,@E%@A>N%=A%EIG%DGADG%EI;E%HI=>@D@HIG?D%I;CG% QGGA% D;=P% E@% QG% V>@CG?D% @\%`=DP@<X% QME% ;>D@% =A% EIG% DGADG% EI;E%`IGA%`G%>@CG%`G%;>>%QGL@<G%HI=>@D@HIG?Dn%`G%;?G%;>>%L@A\?@AEGP%`=EI%BMGDE=@AD%;Q@ME%`I;E%=E%=D%@?%`I;E%=E%<G;AD%E@%>@CGR%`I;E%=E%<G;AD%E@%QG%;%>@CG?%@?%;%\?=GAPR%;%H;?GAE%@?%;%LI=>PR%;%Q?@EIG?%@?%;%D=DEG?_%!I;E%P@GD%=E%<G;A%EI;E%@M?%>=CGD%=A%P=\\G?GAE%`;ND%;?G%E@MLIGP%QN%EIG%>=CGD%@\% @EIG?% HG@H>GZ% !I;E% H>;LG% P@% ;AP% DI@M>P% `G% J=CG% E@% EIG%?GDH@AD=Q=>=EN% `G% I;CG% \@?% @EIG?% HG@H>GR% ;D% `G>>% ;D% E@% EIG% ^@N% ;AP%D@??@`%`G%<;N%GgHG?=GALG%`=EI%EIG<Z%!I;E%P@GD%=E%<G;A%E@%QG%;>=CG%;AP%H?GDGAE%E@%EIG%L@ALG?AD%@\%@EIG?D%@?%E@%DIME%@M?DG>CGD%;`;N%\?@<%EIG<Z%$IGDG%BMGDE=@AD%;?G%=A%<;AN%`;ND%;A%=AEGJ?;>%H;?E%@\%QG=AJ%=A%>@CGR%;AP%;?G%A@E%@A>N%@\%HG?D@A;>%QME%;>D@%@\%HI=>@D@HI=L;>%L@ALG?A_%%

K@?G@CG?R% .% QG>=GCG% HI=>@D@HIG?D% I;CG% <MLI% E@% >G;?A% ;Q@ME%HI=>@D@HIN%EI?@MJI%;A%=ACGDE=J;E=@A%@\%>@CG_%$I=D%=D%E?MG%@\%EIG%DGADG%=A%`I=LI%;A%MAPG?DE;AP=AJ%@\%EIG%H?GDMHH@D=E=@AD%\@?%HI=>@D@HI=e=AJ%;Q@ME% >@CG%<;N%PGGHGA% EI?@MJI%;% ?G\>GLE=@A%@A% >@CG_%#DS=AJ%`I;E% =E%<=JIE% <G;A% E@% HI=>@D@HI=eG% ;Q@ME% >@CGR% ;D% =E% `G?GR% L;AA@E% QG%DGH;?;EGP%\?@<%QGL@<=AJ%L>G;?%;Q@ME%EI=D%DMQ^GLE_%.E%=DR%I@`GCG?R%;>D@%E?MG%@\% EIG%DGADG% =A%`I=LI%`G%;D%HI=>@D@HIG?DR% =A%C=?EMG%@\%QG=AJ% EIG%

+ $ % * # - 7 " % + # $ !

!

D !

>@CG?D% @\% `=DP@<% .% <GAE=@AGP% QG\@?GR% <;N% QGAG\=E% \?@<% EI=AS=AJ%;Q@ME%EIG%H?;LE=LG%@\%HI=>@D@HIN%=A%EIG%>=JIE%@\%>@CG_%!I;E%S=AP%@\%DG>\4MAPG?DE;AP=AJ% <;N% ?GL@JA=e=AJ% EI=D% ;D% ;% LGAE?;>% ;DHGLE% @\% @M?%HI=>@D@HI=L;>% H?;LE=LG% =AC@>CGZ% T@?% <GR% EIG% BMGDE=@A% ;Q@ME% `I;E% =E%<;N%<G;A%E@%E;SG%DG?=@MD>N%EIG%DMJJGDE=@A%EI;E%HI=>@D@HIN%=D%;%\@?<%@\% >@CG% I;D% DM?\;LGP% ?GHG;EGP>N% EI?@MJI@ME% `@?S=AJ% @A% EI=D%P=DDG?E;E=@A_% .% `=>>% ?GEM?A% E@% EIG% =<H>=L;E=@AD% @\% L@AEG<H>;E=AJ% EIG%H?;LE=LG%@\%HI=>@D@HIN%=A%EI=D%>=JIE_%%

$IGDG% ;?G% H;?E% @\% <N% ?G;D@AD% \@?% =AE?@PML=AJ% EI=D% `@?S% `=EI% ;%P=DLMDD=@A%@\%EIG%P=\\G?GAE%?G>;E=@ADI=HD%QGE`GGA%>@CG%;AP%HI=>@D@HIN_%.A% H;?E=LM>;?R% .%`;AE% E@% EM?A% E@% EIG%`;ND% =A%`I=LI% @M?% L>;=<D% ;Q@ME%>@CG%L;A%QG%DGGA%;D%HG?D@A;>%@?%H?=C;EG_%.%P@%EI=DR%QGL;MDG%<;AN%@\%EIG%L@ALG?AD% HG@H>G% ?;=DG% ;Q@ME% EIG% H@DD=Q=>=EN% @\% HI=>@D@HI=e=AJ% ;Q@ME%>@CG% E;SG% EIG% \@?<%H?GL=DG>N% @\%`@APG?=AJ%I@`%;%HI=>@D@HIG?% L@M>P%D;N%;ANEI=AJ%JGAG?;>%;Q@ME%D@<GEI=AJ%;D%HG?D@A;>%;D%>@CG_%#DDM<=AJR%@\%L@M?DGR%EI;E%EI=D%=D%=APGGP%`I;E%;%HI=>@D@HIG?%=D%DMHH@DGP%E@%P@_%

$IG% L@ALG?AD% ;Q@ME% EIG% H@DD=Q=>=EN% @\% HI=>@D@HI=e=AJ% ;Q@ME% >@CG%E;SG% ;E% >G;DE% E`@%P=\\G?GAE% \@?<D_%T=?DER% EIGN%<;N%QG%BM=EG% ;% ^MDE=\=GP%?G;LE=@A%E@%EIG%\;LE%EI;E%>@CG%=D%A@E%;%MA=\@?<%HIGA@<GA@A_%$IG?G%;?G%<;AN%P=\\G?GAE%S=APD%@\%?G>;E=@ADI=HD% EI;E%`G%L;A% E;>S%;Q@ME%;D% >@CGn%EIG% >@CG% QGE`GGA% H;?GAE% ;AP% LI=>PR% EIG% @AG% QGE`GGA% Q?@EIG?D% ;AP%D=DEG?DR%\?=GAPDI=H%@?%G?@E=L%>@CG_%.A%;PP=E=@A%E@%EI=DR%GCG?N%>@CGR%GCG?N%?G>;E=@ADI=HR% L;A% QG% D;=P% E@% E;SG% ;% P=\\G?GAER% =AP=C=PM;>% @?% HG?D@A;>%\@?<_% .D% =E%A@E% =<H@DD=Q>GR% EIGAR% E@% D;N%;ANEI=AJ%PG\=A=EG% ;Q@ME%`I;E%>@CG% =DZ% #HH;?GAE>N% =E% L;A% QG% D@% <;AN% EI=AJD_%!I;ER% @AG% <;N% ;DSR%<;SGD% ;>>% @\% EIGDG% L;DGD% =ADE;ALGD% @\% >@CGZ% /GL@APR% HG@H>G% @\EGA%GgH?GDD%;%P@MQE%@?%`@APG?%;D%E@%I@`%`G%L;A%GCG?%SA@`%`I;E%@EIG?D%<G;A%`IGA% EIGN% ;?G% E;>S=AJ% ;Q@ME% >@CG_% $I=D% BMGDE=@A% @\EGA% ?GCG;>D%EIG%P=D;HH@=AE<GAED%EIGN%I;CG%GgHG?=GALGP%=A%?G>;E=@A%E@%>@CGR%;D%`G>>%;D%EIG%HMee>G<GAE%EIGN%I;CG%\G>E%;Q@ME%`I;E%@EIG?%HG@H>G%<=JIE%<G;A%QN%MD=AJ%EIG%`@?P_%V/IG%D;ND%DIG%>@CGD%<G%;AP%EIGA%DIG%J@GD%;AP%P@GD%DMLI%;%EI=AJoX%

,@`R% MAP@MQEGP>N% >@CG% =D% HG?D@A;>% =A% <;AN% `;NDn% =A% ;%HI=>@D@HI=L;>% =ACGDE=J;E=@A% @\% >@CG% =E% =D% =<H@?E;AE% E@% QGL@<G% L>G;?%;Q@ME% ^MDE%I@`_%jGER% =E% =D%MAL>G;?%`IN% EIG%HG?D@A;>%LI;?;LEG?%@\% >@CG%DI@M>P%QG%;%?G;D@A%\@?%EI=AS=AJ%EI;E%`G%L;AA@E%E;>S%;Q@ME%=E_%$IG%J=DE%@\%<N%DMJJGDE=@A%`=>>%?;EIG?%QG%EI;E%DMLI%;%C=G`%J=CGD%GgH?GDD=@A%E@%;%L@A\MDGP%L@ALGHE=@A%@\%`I;E% =E%<G;AD% \@?% D@<GEI=AJ% E@%QG%HG?D@A;>R%;APR%QN%EIG%D;<G%E@SGAR%`I;E%=E%L@M>P%<G;A%E@%<;SG%;%HI=>@D@HI=L;>%?G<;?S% ;Q@ME% >@CG_% !IGA% DHG;S=AJ% ;Q@ME% EIG% HG?D@A;>% @?% H?=C;EG%;DHGLED%@\%>@CGR%;D%`G>>%;D%EIG%<@?G%JGAG?;>%;DHGLED%@\%=EpMA=CG?D;>=ENR%

6 # 0 & ! ( $ - ! 9 . + 6 # ' # 9 . : !

!

< !

?M>GDR%J?;<<;?p@AG%@\EGA%?MAD%E@JGEIG?%P=\\G?GAE%A@E=@AD%@\%`I;E% =E%=D% \@?% D@<GEI=AJ% E@%QG%HG?D@A;>%@?%H?=C;EGR%`=EI@ME%A@E=L=AJ% EI;E%`G%<;N%MDG%EIG%`@?P%E@%<;SG%DGCG?;>%P=\\G?GAE%P=DE=ALE=@AD_%*A%EIG%@AG%I;APR%`G%<;N% EI=AS% @\% VH?=C;LNX% ;D% PGA@E=AJ% D@<GEI=AJ% EI;E% =D% \@?%VN@M?% G;?D% @A>NX_% /=<=>;?>N% =A% ;% D@L=;>% P=DLMDD=@AR% `G% <;N% ?G\G?% E@%LG?E;=A%BMGDE=@AD%;D%QG>@AJ=AJ%E@%EIG%H?=C;EGR%QN%L@AE?;DE%E@%EIG%HMQ>=LR%DHIG?G_%*A%EIG%@EIG?%I;APR%`G%<;N%L;>>%D@<GEI=AJ%VHG?D@A;>X%`I=LI%E@MLIGD%MD%PGGH>N_% $@% ;AE=L=H;EG% ;%P=DE=ALE=@A% .%`=>>% ?GEM?A% E@% =A% EIG%\@>>@`=AJ%P=DLMDD=@AR%`G%<;N%DHG;S%;Q@ME% D@<GEI=AJ%;D%HG?D@A;>% =A%EIG% DGADG% EI;E% =E% =D% L@AAGLEGP% `=EI% @M?% >=CGD% ;D% I=DE@?=L;>% ;AP%HDNLI@>@J=L;>%QG=AJD_%!G%<;NR%I@`GCG?R%;>D@%DHG;S%;Q@ME%EIG%`;ND%=A%`I=LI%LG?E;=A%BMGDE=@AD%;PP?GDD%MD%;D%HG?D@ADR%?GBM=?=AJ%EI;E%`G%E;SG%?GDH@AD=Q=>=EN% \@?% EIG% ;AD`G?D% EI;E% `G% J=CG_% "G?GR% `G% ;?G% DHG;S=AJ%;Q@ME%`I;E%=D%HG?D@A;>%=A%;%<@?;>%DGADG_%$I=D%EGAPGALN%E@%?MA%E@JGEIG?%P=\\G?GAE%DGADGD%@\%;%`@?P%?GCG;>D%;%A@?<;>%L@A\MD=@A%`IGA%@AG%DE;?ED%HI=>@D@HI=e=AJ% ;Q@ME% ;% DMQ^GLE_%*AG% E;SGD% EIG% MDG% @\% ;%`@?P% =A% @AG%D=EM;E=@A%;D%;%<@PG>%\@?%I@`%EIG%`@?P%=D%E@%QG%MDGP%=A%@EIG?%D=EM;E=@AD%=A%`I=LI%=E%=D%A@E%D@%L>G;?%`I;E%MD=AJ%EIG%`@?P%L@M>P%<G;A_%

.A%`I;E%\@>>@`DR%.%`=>>%;?JMG%EI;E%EIG%BMGDE=@A%`IGEIG?%`G%;?G%;Q>G%E@% D;N% D@<GEI=AJ% JGAG?;>% ;Q@ME% ;ANEI=AJ% ;D% HG?D@A;>% ;D% >@CG%@?=J=A;EGD%=A%LG?E;=A%H?GL@ALG=CGP%A@E=@AD%@\%`I;E%IM<;A%QG=AJD%;AP%G<@E=@AD%;?G%;AP%`I;E%?@>G%>;AJM;JG%I;D%=A%@M?%>=\G_%#LL@?P=AJ>NR%EIG%?G<;=APG?%@\%EI=D%`@?S%=D%;A%;EEG<HE%E@%Q?=AJ%Q;LS%EIG%P=\\G?GAE%EI=AJD%`G%<;N% D;N% ;Q@ME% >@CG% E@% EIG% P=\\G?GAE% L@ACG?D;E=@AD%`G%<;N% I;CG%;Q@ME% =E% =A% @M?% >=\G% E@% L>G;?% ;`;N% LG?E;=A% <=DMAPG?DE;AP=AJD_7% #D%'MP`=J%!=EEJGADEG=A%a7112bR%`I@DG%MAPG?DE;AP=AJ%@\%HI=>@D@HIN%I;D%DG?CGP% ;D% @AG% @\% <N% <;=A% D@M?LGD% @\% =ADH=?;E=@A% =A% EI=D% `@?SR%\;<@MD>N% ?G<;?SDR% .% ;DH=?G% E@% VQ?=AJ% Q;LS% `@?PD% \?@<% EIG=?%<GE;HIND=L;>% E@% EIG=?% GCG?NP;N% MDGX% aq% 778b_% $IG% \@>>@`=AJ%=AE?@PMLE@?N% ?G<;?SD% DG?CG% ;D% \=?DE% =ADE;ALGD% @\% EI=D%<@CGR% DI@`=AJ%EIG%P=\\G?GAE%`;ND%=A%`I=LI%@AG%<;N%EI=AS%@\%>@CG%;D%HG?D@A;>R%;D%`G>>%;D% 7%,$% DGADG% `G% <;N% \=AP% =A% EIG<_% l;EIG?% EI;A% EI=AS=AJ% EI;E% EIG%HG?D@A;>%LI;?;LEG?%@\% >@CG%=D% E@%QG%\@MAP%=A%D@<G%H?=C;EG%GgHG?=GALGR%`I=LI% ?;=DGD%;A% &H45$&'#8#+4@,8%BMGDE=@A%;Q@ME%I@`%`G%L;A% ?G;LI% EIG%=AAG?% >=\G%@\%;A@EIG?%IM<;A%QG=AJR% .%DI@`%EIG%'#(,8!.4'&-54#-!@\%@M?%HG?D@A;>% =AC@>CG<GAE% 4-% DHG;S=AJR% ;D%`G>>% ;D% =A% DHG;S=AJ% ,?#0$R% EIG%>;AJM;JG%@\%>@CG_%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%7% $IG% E=E>G% @\% EI=D% `@?SR% `I=LI% J=CGD% ;A% =AP=L;E=@A% @\% EI=D% <@CGR% =D% E;SGA% \?@<% EIG%L@>>GLE=@A%@\%DI@?E%DE@?=GD%QN%l;N<@AP%:;?CG?%a7131b_%%

+ $ % * # - 7 " % + # $ !

!

B !

$IG%P@MQED%;Q@ME%>@CG%<GAE=@AGP%;Q@CG%;?G%CG?N%DG>P@<%<G;AE%E@%QG%GgH?GDD=@AD%@\%DE?=LE>N%IG>P%HI=>@D@HI=L;>%H@D=E=@AD_%"@`GCG?R%EIG?G%=D% ;% J?G;E% D=<=>;?=EN% QGE`GGA% EIG<% ;AP% D@<G% C=G`D% EI;E% I;CG%E?;P=E=@A;>>N% QGGA% IG>P% =A% HI=>@D@HIN_% &CGA% =\% EIGDG% E`@% D@M?LGD% @\%P@MQE% J=CG% C@=LG% E@% D>=JIE>N% P=\\G?GAE% ;EE=EMPGD% E@% EIG% P=\\=LM>E=GD%=AC@>CGP% =A% P=DLMDD=AJ% >@CGR% EIGN% Q@EI% GgH?GDD% ;% S=AP% @\% GCG?NP;N%DLGHE=L=D<% ;Q@ME% EIG% H@DD=Q=>=EN% @\% MAPG?DE;AP=AJ% @EIG?DR% ;AP% `I;E%EIGN%<G;A%QN%EIG=?%`@?PD_%$IG%\GG>=AJ%EI;E%>@CG%=D%HG?D@A;>%IG?G%DGG<D%PMG%E@%EIG%\;LE%EI;E%EIG%<G;A=AJ%@\%>@CGR%QGL;MDG%@\%EIG%P=CG?D=EN%@\%EIG%HIGA@<GA@AR% @?% =ED% =AAG?% LI;?;LEG?R% =D% GDDGAE=;>>N%H?=C;EG% @?% I=PPGA_%!I;E% >@CG%<G;ADR%@AG% EI=ASDR% =D%@ME%@\% ?G;LI% \@?%@EIG?D% EI;A% EIG%@AG%`I@%>@CGD_%$I=D%`;N%@\%HMEE=AJ%EIG%BMGDE=@A%=D%D=<=>;?%E@%EIG%L>;DD=L;>%VH?@Q>G<%@\%@EIG?%<=APDX_%$I=D%BMGDE=@A%;Q@ME%I@`%.%L;A%SA@`%`I;E%@EIG?D%EI=AS%@?%\GG>R%;AP%I@`%.%L;A%QG% ^MDE=\=GP%=A%EI=AS=AJ%EI;E%EIG?G%;?G%@EIG?D%>=SG%<G%I;D%QGGA%P=DLMDDGP%QN%<;AN%HI=>@D@HIG?D_%Y=\\G?GAE%;AD`G?D%I;CG%;>D@%QGGA%J=CGA% E@% =En%YGDL;?EGD% =D%HG?I;HD%QGDE%SA@`A%\@?%J=C=AJ%@AG%S=AP%@\%;AD`G?%E@%=E_%TM?EIG?<@?GR%EIG%EI@MJIE%EI;E%`G%L;AA@E%D;N%;ANEI=AJ%;Q@ME%`I;E% >@CG% =D%D=ALG% EIG%`@?P%V>@CGX%G=EIG?%?G\G?D%E@%D@<G%H;EEG?AD%@\%QGI;C=@M?%EI;E%`G%L;AA@E%PG\=AGR%@?%E@%D@<G%=AAG?% GgHG?=GALG% EI;E% =D% =A;LLGDD=Q>G% E@% MDR% ?G\>GLED% ;% L@<<@A%<=DL@ALGHE=@A%;Q@ME%>;AJM;JG%=A%HI=>@D@HIN_%$I=D%=D%EIG%EI@MJIE%EI;E%@M?% `@?PD% ;?G% H?=<;?=>N% E@% QG% E;SGA% ;D% ?GH?GDGAE;E=@ADR% EIG% @A>N%\MALE=@A%@\%`I=LI%=D%E@%PGD=JA;EG%@Q^GLEDR%H?@LGDDGDR%GCGAEDR%DE;EGDR%;AP%D@%@A_%%

$IMDR% @AG% =D% L@AC=ALGP% EI;E% =A% GCG?N% D=EM;E=@A% =A% `I=LI% `G% E;>S%;Q@ME%>@CGR%@?%;AN%@EIG?%G<@E=@AR%EIG?G%<MDE%QG%@AG%EI=AJR%@AG%D=AJ>G%\G;EM?GR% `I=LI% `G% L@M>P% =PGAE=\N% ;D% EIG% G<@E=@A% =A% BMGDE=@A_% $I=D%L@AC=LE=@A% I;D% ;>D@% >GP% HI=>@D@HIG?D% E@% H@DEM>;EG% EIG% Gg=DEGALG% @\%V=AAG?X% @?% V<GAE;>% @Q^GLEDX% =A% EIG% L;DG% @\% EI@MJIED% ;AP% G<@E=@ADR%D=ALG%EIG?G%;?G%A@%@EIG?%@?%V@MEG?X%@Q^GLED%E@%`I=LI%EIG%`@?PD%L;A%QG%DGGA% ;D% ?G\G??=AJ% ;D% EIG?G% ;?G% =A% EIG% L;DG% @\% VI@MDGDXR% VLI;=?DX% @?%VE?GGDX_%.\%`G%L@AD=PG?%DMLI%;%C=G`%@\%>;AJM;JGR%=E%=D%BM=EG%GC=PGAE%`IN%;AN%HI=>@D@HI=L;>%;EEG<HE%E@%QGL@<G%L>G;?%;Q@ME% >@CGR%@?%E@%D;N%7%,$!8#3&!45R%;D%@AG%A@?<;>>N%\@?<M>;EGD%EIG%BMGDE=@AR%`@M>P%QG%GgHGLEGP%E@%\;=>R%D=ALG%EIG%`@?P%V>@CGXR%@A%EI=D%C=G`R%?G\G?D%E@%@Q^GLED%EI;E%;HHG;?%E@%QG%GDDGAE=;>>N%H?=C;EGR%=A%@AG%`;N%@?%;A@EIG?_%%

$I=D% H=LEM?G% @\% >;AJM;JGR% @?% @\% `I;E% =E% =D% \@?% `@?PD% E@% <G;A%D@<GEI=AJR% =D% ;% H@`G?\M>% H=LEM?GR% I@>P=AJ% HI=>@D@HIG?D% ;AP% >;N<GA%;>=SG%=A%;%DE?@AJ%J?=H_%.E%=DR%I@`GCG?R%I=JI>N%H?@Q>G<;E=L_%.E%=D%A@E%GCGA%;A% Gg;JJG?;E=@A% E@% D;N% EI;E% !=EEJGADEG=A% PGP=L;EGP% <@DE% @\% I=D%HI=>@D@HIN% E@% L@<Q;E=AJ% EI=D%S=AP%@\% L@ALGHE=@A%@\% >;AJM;JG_% .A% EIG%

6 # 0 & ! ( $ - ! 9 . + 6 # ' # 9 . : !

!

I !

L?=E=L=D<%IG% P=?GLEGP% Q@EI% ;E% EIG% H?@Q>G<% @\% @EIG?%<=APD% ;AP% ;E% EIG%=PG;%@\%;%H?=C;EG%>;AJM;JG%IG%DI@`GP%EIG%`;ND%=A%`I=LI%@M?%`@?PD%P@%A@E%;>`;ND%?GH?GDGAE%@Q^GLEDR%QME%I;CG%@EIG?%?@>GD%=A%@M?%>=\G%`=EI%G;LI%@EIG?_6%%

+ + !9*+0(%&!6($37(3&!

!=EEJGADEG=AiD% ?;P=L;>% Q?G;S%`=EI% EIG% ?G\G?GAE=;>% C=G`%@\% >;AJM;JG% =D%Q?@MJIE% E@% EIG% \@?G% =A% I=D% P=DLMDD=@A% @\% EIG% H?@Q>G<D% =AC@>CGP% =A%=<;J=A=AJ% ;% H?=C;EG% >;AJM;JG% a7112R% q6mc4c75b_% $I=D% A@E=@A% @\%>;AJM;JG% ;D% D@<GEI=AJ% GDDGAE=;>>N% H?=C;EG% ;>D@% \=JM?GP% =A% EIG% ;Q@CG%<GAE=@AGP%P@MQED%;Q@ME%I@`%.%L;A%GCG?%SA@`%`I;E%D@<G@AG%<G;AD%`IGA% IG% @?% DIG% D;ND% V.% >@CGX_% "G?G% ;J;=AR% @AG% EI=ASD% @\% EIG% `@?P%V>@CGX%;D%A;<=AJ%D@<G%=AAG?%H?@LGDDR%;%DGAD;E=@A%@?%D@<G%DMLI%EI=AJR%;AP%L@ADGBMGAE>N%L@AL>MPGD%EI;E%`G%L;AA@E%SA@`%`I;E%>@CG%=DR%D=ALG%`G% <;N% AGCG?% SA@`% `I;E% I;HHGAD% =AD=PG% D@<GQ@PN% G>DG_%!=EEJGADEG=AR%I@`GCG?R%BMGDE=@AD%EIG%4-$&884+4?484$)!@\%EIG%`I@>G%=PG;%@\%;% H?=C;EG% >;AJM;JG_% "G% DMJJGDED% EI;E% `G% L;AA@E% GCGA% EI=AS% @\% ;%>;AJM;JG% =A% `I=LI% =AP=C=PM;>% `@?PD% V?G\G?% E@% `I;E% L;A% @A>N% QG%SA@`A%E@%EIG%HG?D@A%DHG;S=AJn%E@%I=D%=<<GP=;EG%H?=C;EG%DGAD;E=@AD_%/@%;A@EIG?%HG?D@A%L;AA@E%MAPG?DE;AP%EIG%>;AJM;JG_X%a!=EEJGADEG=A%7112R%q6mcb_%$I=AS=AJ%@\%DGAD;E=@AD%;D%XH?=C;EGX%=D%=A%@AG%`;N%`?@AJR%;AP%=A%NGE%;A@EIG?%A@ADGAD=L;>_c%%

!=EEJGADEG=A% ;DSD% MD% E@% EI=AS% @\% ;% HG?D@A% `I@% SGGHD% ;% P=;?N% =A%`I=LI%IG%<;?SD%VEIG%?GLM??GALG%@\%;%LG?E;=A%DGAD;E=@AX_%T@?%GCG?N%P;N%@A% `I=LI% IG% I;D% EIG% DGAD;E=@A% IG% `?=EGD% V/X% =A% I=D% A@EGQ@@S%a!=EEJGADEG=A% 7112R% q653b_% !I;E% !=EEJGADEG=A% `;AED% E@% H@=AE% @MER%;<@AJ%@EIG?%EI=AJDR%=D%EI;E%EIG%`I@>G%H?@LGDD%@\%H=LEM?=AJ%`I;E%DMLI%;%H?=C;EG% >;AJM;JG% `@M>P% QG% PGHGAPD% @A% EIG% <G;A=AJR% EIG% 05&R% EIG%`@?PD%I;CG%=A%@M?%L@<<@A%>;AJM;JG_%

!I;E%?G;D@A%I;CG%`G%\@?%L;>>=AJ%V/X%EIG%D=JA%\@?%;%5&-5,$4#-Z%T@?%VDGAD;E=@AX% =D% ;% `@?P% @\% @M?% L@<<@A% >;AJM;JGR% A@E% @\% @AG%=AEG>>=J=Q>G%E@%<G%;>@AG_%/@%EIG%MDG%@\%EI=D%`@?P%DE;APD%=A%AGGP%@\%;%^MDE=\=L;E=@A%`I=LI%GCG?NQ@PN%MAPG?DE;APD_p#AP%=E%`@M>P%A@E%IG>H% G=EIG?% E@% D;N% EI;E% =E% AGGP%A@E% QG% ;% 5&-5,$4#-n% EI;E%`IGA% IG%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%6%T@?%;%L>G;?%GgH@D=E=@A%;AP%PGCG>@H<GAE%@\%!=EEJGADEG=AiD%EI=AS=AJ%=A%EIGDG%<;EEG?D%DGG%G_J_%:@LSQM?A%a6FF7b%@?%Y=><;A%a7132b_%c% V.A%`I;E% DGADG%;?G%<N%DGAD;E=@AD% rH?=C;EGrZp!G>>R%@A>N% .% L;A%SA@`%`IGEIG?% .% ;<%?G;>>N%=A%H;=An%;A@EIG?%HG?D@A%L;A%@A>N%DM?<=DG%=E_p.A%@AG%`;N%EI=D%=D%`?@AJR%;AP%=A%;A@EIG?%A@ADGADG_X%a!=EEJGADEG=A%7112R%q6m8b%

+ $ % * # - 7 " % + # $ !

!

C !

`?=EGD% V/XR% IG% I;D% 5#'&$%4-+I;AP% EI;E% =D% ;>>% EI;E% L;A% QG% D;=P_%V";DX% ;AP% VD@<GEI=AJX% ;>D@% QG>@AJ% E@% @M?% L@<<@A% >;AJM;JG_%a!=EEJGADEG=A%7112R%q687b%%

&CGA% E@% QG% ;Q>G% E@% PGDL?=QG% EI=D% H?=C;EG% >;AJM;JG% `G% <MDE% MDG% EIG%L@<<@A%>;AJM;JG% EI;E%`G%DI;?G%`=EI%@EIG?D_%!G%L;A%@A>N%;?E=LM>;EG%EIG%=PG;%@\%;%H?=C;EG%>;AJM;JGR%;AP%`I;E%EI;E%L@M>P%QGR%=A%a?G>;E=@A%E@b%EIG% >;AJM;JG% EI;E% `G% DI;?G% `=EI% @EIG?% HG@H>G_% $IMDR% EIG% `I@>G%;EEG<HE%@\%=<;J=A=AJ%DMLI%;%>;AJM;JG%QGL@<GD%G<HEN_%%

.\%`G% E;SG% ;% L>@DG?% >@@SR% EI=D% =D% ;>D@% GC=PGAE%`=EI% ?GJ;?P% E@% >@CG_%lGJ;?P>GDD%@\%`I;E%@AG%<;N%D;N%;Q@ME%EIG%P=\\=LM>EN%@\%SA@`=AJ%`I;E%@EIG?%HG@H>G%<G;A%QN% >@CG% =A%H;?E=LM>;?% D=EM;E=@ADR% =E% =D% L?ML=;>% \@?%;%PGL>;?;E=@A%@\% >@CG% EI;E% .% E?MDE%N@M% E@%MAPG?DE;AP%`I;E% .% ;<%D;N=AJ_%K@?G@CG?R% .%`;AE% N@M% E@% MAPG?DE;AP% =ER% ;AP% A@ER% D;NR% @A>N%<;SG% ;A%;HH?@g=<;E=@A%@?%E;SG%;%JMGDD%;E%=E_%.A%@?PG?%\@?%;%PGL>;?;E=@A%@\%>@CG%E@%QG% ^MDE% EI;ER% =E% =D%GDDGAE=;>% EI;E%`G%DI;?G%;% >;AJM;JGR% EI;E%N@M%<;N%MAPG?DE;AP% `I;E% .% <G;AR% GCGA% =\% EIG?G% <;NR% @\% L@M?DGR% QG%<=DMAPG?DE;AP=AJD% ;AP% D=EM;E=@AD% =A% `I=LI% N@M% ;AP% .% \=AP% =E%=<H@DD=Q>G%E@%?G;LI%;%L@<<@A%MAPG?DE;AP=AJ_%)ME%GCGA%=A%DMLI%;%L;DGR%=E%=D%=<H@?E;AE%E@%DGG%EI;E%EIG%H?@Q>G<%`G%<;N%I;CG%=A%MAPG?DE;AP=AJ%G;LI%@EIG?%=D%-#$!;%EIG@?GE=L;>%@AG_%.E%I;D%;%'#(,8%\@?<_m%%

.E% =D%A@E%EI;E%@M?%HDNLI@>@J=L;>%<;SG4MHR%\@?% =ADE;ALGR%H?GCGAED%MD%\?@<% GCG?% MAPG?DE;AP=AJ% `I;E% ;A@EIG?% HG?D@A% EI=ASDR% =A% EIG% DGADG%EI;E%.%L;AA@E%?G;LI%=AE@%N@M?%<=AP_%#E%E=<GD%N@M%<;N%GgL>;=<R%V.%^MDE%L;AiE% MAPG?DE;AP% N@MoX% @?% V.i>>% AGCG?% SA@`% `I;E% J@GD% @A% =AD=PG%N@M?sI=D%IG;PX_%/MLI%GgL>;<;E=@ADR%I@`GCG?R%P@%A@E%EGDE=\N%E@%;%\;=>M?G%@\%L@<<MA=L;E=@A% =A%H?=AL=H>G_%l;EIG?% EIGN%<;N%QG%;%`;N%@\%D;N=AJR%\@?%Gg;<H>GR%EI;E%.%L@M>P%A@E%DGG%<NDG>\%D;N=AJ%@?%P@=AJ%EIG%EI=AJD%N@M%P@R%EI;E%.%P@%A@E%\=AP%<NDG>\%=A%N@M_5%.A%EIGDG%L;DGDR%EIG%`@?PD%<;?S%;%P=DE;ALG% QGE`GGA% <G% ;AP% N@M_% $IGN% ;?G% GgH?GDD=CG% @\% EIG% `;ND% =A%`I=LI% .% \=AP%N@M%DE?;AJG%@?%@\%<N%Gg;DHG?;E=@A%;E% ?GHG;EGP>N%D;N=AJ%D@<GEI=AJ%`I=LI%;HH;?GAE>N%P@GD%A@E%?GD@A;EG%`=EI%N@M_%.A%EI=D%EIGN%<;N%<;?S%@\\%G=EIG?%;%\;=>M?G%=A%N@M?%?G;LE=@AD%E@%<G%;AP%<N%D=EM;E=@AR%@?% ;% \;=>M?G% =A% <N% ?GDH@ADG% E@% N@M_% $I=D% =D% GCGA% <@?G% ;HH;?GAE% =A%D=EM;E=@AD% =A% `I=LI% <N% >;LS% @\% MAPG?DE;AP=AJ% =D% ;% ?GDM>E% @\% @?% ;A%GgH?GDD=@A%@\%<N%A@E%E?MDE=AJ%N@M_%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%m%/GG%G_J_%<N%P=DLMDD=@AD%@\%l@D;<@AP%;AP%'NPJ;EG%=A%hG@?JG%&>=@EiD%:4..8&',(@%%=A%LI;HEG?%6%;AP%2_%5%!G%<;N%;>D@%?GJ;?P%OGEG?%!=ALIiD%a7112b%?G<;?S%EI;E%`G%<;N%A@E%QG%;Q>G%E@%=<;J=AG%`I;E%=E%`@M>P%<G;A%E@%E;SG%LG?E;=A%EI=AJD%=A%;A@EIG?%LM>EM?G%@?%@M?%@`A%DG?=@MD>N%=A%@AGiD%@`A%>=\G%=A%EI=D%>=JIE%a711b_%

6 # 0 & ! ( $ - ! 9 . + 6 # ' # 9 . : !

!

= !

"@`GCG?R%<N%GgHG?=GALG%@?%N@M?D%@\%DMLI%;%P=DE;ALG%<;SGD%DGADG%@A>N%;J;=ADE%;%Q;LSJ?@MAP%@\%D=EM;E=@AD% =A%`I=LI%.%P@%MAPG?DE;AP%@?%\=AP%<NDG>\%=A%N@M%;AP%=A%`I=LI%EIG?G%=D%A@%P=DE;ALG%QGE`GGA%MD_%.E%=D%@A>N%;J;=ADE% EIG%Q;LSJ?@MAP%@\%;>>% EIG%EI=AJD%`G%P@%MAPG?DE;AP%EI;E%LG?E;=A% EI=AJD% DE;AP% @ME% ;D% <=DMAPG?DE;AP=AJD_% $I=AS% @A>N% @\% EIG%<M>E=EMPG%@\%D=EM;E=@AD%=A%`I=LI%=E%=D%BM=EG%L>G;?%E@%<G%`I;E%=E% =D%N@M%;?G% D;N=AJpD@% L>G;?% GCGA% EI;E% .% E?N% E@% PGAN% =Ep@?% =A% `I=LI% EIG%BMGDE=@A% `IGEIG?% .% MAPG?DE;AP% N@M% A@?<;>>N% P@GD% A@E% GCGA% ;?=DGR%DMLI% ;D% QG=AJ% ;DSGP% E@% H;DD% EIG% D;>E% @?% QG=AJ% @\\G?GP% D@<G% L@\\GGR%;DS=AJ%`I;E%N@M%P=P%EI=D%`GGSGAP%@?%DMJJGDE=AJ%EI;E%N@M%EM?A%>G\E%;E%EIG% \@>>@`=AJ% DE@H_% :@AEG<H>;E=AJ% EIG%`;ND% =A%`I=LI% `G%<;N% \=AP%L@<\@?E% =A% EIG% EI@MJIE% EI;E%`G% ;?G%MAPG?DE@@PR%`G%<;N%@A>N% E?N% E@%=<;J=AG% `I;E% =E% `@M>P% QG% >=SG% E?M>N% E@% P@MQE% EIG% H@DD=Q=>=E=GD% @\%MAPG?DE;AP=AJ_%%

!IGA%!=EEJGADEG=A% E?=GD% E@% P?;`% @M?% ;EEGAE=@A% ;`;N% \?@<% D@<G%=AAG?%H?@LGDD% EI;E% EIG%`@?PD%PGD=JA;EG% E@`;?PD%EIG% >=\G%`G%>=CG%`=EI%G;LI% @EIG?R% ;% >=\G% =A%`I=LI%`G% GgH?GDD% \GG>=AJD% ;AP% G<@E=@ADR% DI;?G%EI@MJIED%;AP%D@%@AR%IG%=D%A@E%D=<H>N%<@C=AJ%\?@<%D@<GEI=AJ%=AAG?%E@%D@<GEI=AJ%@MEG?R%DMLI%;D%@M?%QGI;C=@M?R%A@?%\@?%EI;E%<;EEG?%;%>=\G%@?%;%\@?<% @\% >=\G_%"G% =D% VA@E% ?G;>>N% ;% QGI;C=@M?=DE% =A%P=DJM=DGX%`I=LI%I=D%=<;J=A;?N% =AEG?>@LME@?% DMDHGLED% I=<% @\% QG=AJ% a!=EEJGADEG=A% 7112R%qcF2b_% .A%@EIG?%`@?PDR%IG% =D%A@ER% ;D% EIG%QGI;C=@M?=DED%;?GR% DMJJGDE=AJ%EI;E% @M?% <GAE;>% L@ALGHED% L;A% QG% GgH>;=AGP% D=<H>N% QN% H?@C=P=AJ%L?=EG?=;% @\% @ME`;?P% QGI;C=@M?R% `=EI% A@% ?G\G?GALG% E@% `I;E% <;N% QG%L;>>GP% @M?% V=AAG?% >=\GXR% @M?% EI@MJIEDR% \GG>=AJDR% PGD=?GDR% ;AP% D@% @A_%l;EIG?R%IG%=D%L?=E=L=e=AJ%;%HI=>@D@HI=L;>%H=LEM?G%@\%`I;E%EIG%P=DE=ALE=@A%QGE`GGA% V=AAG?X% ;AP% V@MEG?X% ;<@MAED% E@_% $I=D% =DR% \@?% @AG% EI=AJR%EI=AS=AJ% EI;E% EIG% V=AAG?X% L@ADE=EMEGD% ;% ?G;><% @\% @Q^GLED% EI;E% ;?G%=A;LLGDD=Q>G% E@% @EIG?D% EI;A% EIG% HG?D@A% `I@DG% V=AAG?X% =E% =D_% *?R% \@?%;A@EIG?% EI=AJR% EI=AS=AJR% ;D% EIG% LM??GAE% G<HI;D=D% @A%AGM?@HDNLI@>@J=L;>% ?GDG;?LI% <;N% <;SG% MD% =AL>=AGP% E@% EI=ASR% EI;E% =E%?GH?GDGAED% ;% ?G;><% @\% @Q^GLED% EI;E% ;PC;ALGP% EGLIA@>@JN% I;D% A@`%\=A;>>N% J=CGA% MD% EIG%<G;AD% @\% GgH@D=AJ_% $@% L>G;?% ;`;N% @AG% H@DD=Q>G%<=DMAPG?DE;AP=AJR% EI=D% =D% A@E% E@% PGAN% EI;E% =E% <;N% QG% HG?\GLE>N%<G;A=AJ\M>% =A% ;% D=EM;E=@A% E@% D;NR% V.% I;P% E@% ?GE;=A% <N% L;><% @A% EIG%@MED=PGR%QME%=AD=PG%.%`;D%=A%E@E;>%EM?<@=>X_%.E%=D%@A>N%EI;E%EIG%P=DE=ALE=@A%EI;E% =D%<;PG%IG?G% =D%CG?N%P=\\G?GAE% \?@<% EIG%HI=>@D@HI=L;>%H=LEM?G%@\%EIG%=AAG?R%@?%\@?%EI;E%<;EEG?R%EIG%@MEG?R%EI;E%!=EEJGADEG=A%L?=E=L=eGD_%%

#% LGAE?;>% @Q^GLE% @\% EI=D% L?=E=L=D<% =D% EIG% EI@MJIE% EI;E%@M?% >;AJM;JG%H?=<;?=>N%\MALE=@AD%E@%A;<G%@?%PGDL?=QG%EI=AJDR%EI;E%<GAE;>%L@ALGHEDR%\@?% =ADE;ALGR% ;?G%MDGP% E@% (&H#($% =AAG?% DE;EGD% @?R% \@?% EI;E%<;EEG?R% @MEG?%

+ $ % * # - 7 " % + # $ !

!

H !

QGI;C=@M?_%$I=D%EI@MJIE%=D%GgH?GDD=CG%@\%`I;E%!=EEJGADEG=A%a7185;bR%=A%@EIG?% H>;LGD% L;>>D% @M?% VL?;C=AJ% \@?% JGAG?;>=ENX% a72473bR% `I=LI% IG%DMJJGDED% `G% AGGP% E@% ?=P% @M?DG>CGD% @\% `IGA% P@=AJ% HI=>@D@HIN_% !G%AGGP%E@%J=CG%MH%VEIG%=PG;%EI;E%>;AJM;JG%;>`;ND%\MALE=@AD%=A%@AG%`;NR%;>`;ND%DG?CGD%EIG%D;<G%HM?H@DG0%E@%L@ACGN%EI@MJIED%t%`I=LI%<;N%QG%;Q@ME% I@MDGDR% H;=ADR% J@@P% ;AP% GC=>R% @?% ;ANEI=AJ% N@M% H>G;DGX%a!=EEJGADEG=A% 7112R% qcFmb_% l;EIG?% IG% GAL@M?;JGD% MD% E@% EI=AS% @\% EIG%<M>E=H>=L=EN%@\%`;ND%=A%`I=LI%`G%MDG%>;AJM;JGR%DMLI%;DR%E@%A;<G%D@<G%Gg;<H>GD%IG%J=CGDR%J=C=AJ%;AP%@QGN=AJ%@?PG?DR%?GH@?E=AJ%;A%GCGAE%@?%DHGLM>;E=AJ%;Q@ME% =ER% \@?<=AJ%;AP% EGDE=AJ%;%INH@EIGD=DR%<;S=AJ%MH%;%DE@?N% ;AP% ?G;P=AJ% =ER% H>;N4;LE=AJR% D=AJ=AJ% L;ELIGDR% <;S=AJ% ^@SGDR%;DS=AJR% EI;AS=AJR%LM?D=AJR%J?GGE=AJR%H?;N=AJ% a!=EEJGADEG=A%7112R%q6cb_%!IGA% ?G\>GLE=AJ% @A% EIG% <G;A=AJ% @\% @M?% `@?PDR% `G% DI@M>P% ?G<;=A%;`;?G% @\% EIG% P=\\G?GAE% H?;LE=LGD% ;AP% ;LE=C=E=GD% =A%`I=LI% EIGN% I;CG% ;%?@>G_%.E%=D%QN%L@AD=PG?=AJ%@M?%`@?PD%;AP%DGAEGALGD%=A%EIG=?%L@AEGgER%A@E%QN%DG;?LI=AJ%\@?%D@<G%@Q^GLE%QGI=AP%EIG%`@?P%EI;E%=E%D=JA=\=GDR%EI;E%`G%DGG%`I;E%<G;A=AJ%=E%<;N%I;CG_%

.ADEG;P%@\%EI=AS=AJ%;Q@ME%EIG%`@?PD%u.%;<%=A%H;=AXR%\@?%=ADE;ALGR%;D%EIG%?GH@?E%@\%;%DGAD;E=@AR%!=EEJGADEG=A%DMJJGDED%EI;E%`G%EI=AS%@\%=E%;D%D=<=>;?%E@%EIG%A;EM?;>%GgH?GDD=@A%@\%H;=AR%D;NR%;%L?N%@?%;%J?@;A_%%

v"w@`%P@GD%;%IM<;A%QG=AJ% >G;?A% EIG%<G;A=AJ%@\% EIG%A;<GD%@\%DGAD;E=@AD_%"G?G%=D%@AG%H@DD=Q=>=EN0%`@?PD%;?G%L@AAGLEGP%`=EI%EIG%H?=<=E=CGR%EIG%A;EM?;>R%GgH?GDD=@AD%@\%EIG%DGAD;E=@A%;AP%MDGP%=A%=E%=D%H>;LG_%#%LI=>P%I;D%IM?E%I=<DG>\%;AP%IG%L?=GDn%;AP% EIGA%;PM>ED%E;>S% E@% I=<% ;AP% EG;LI% I=<% GgL>;<;E=@AD% ;APR% >;EG?R% DGAEGALGD_%$IGN%EG;LI%EIG%LI=>P%AG`%H;=A4QGI;C=@M?_%V/@% N@M% ;?G% D;N=AJ% EI;E% EIG% `@?P% xH;=Ai% ?G;>>N% <G;AD%

L?N=AJZXp%*A%EIG%L@AE?;?N0%EIG%CG?Q;>%GgH?GDD=@A%@\%H;=A%?GH>;LGD%L?N=AJ%

;AP%P@GD%A@E%PGDL?=QG%=E_%a!=EEJGADEG=A%7112R%q6mmb%%

.A%;%D=<=>;?%<;AAG?R%.%I;CG%@\EGA%\@MAP%=E%=>>M<=A;E=AJ%E@%L@AEG<H>;EG%EIG%`;ND% =A%`I=LI%D;N=AJ%V.% >@CG%N@MX%<;N% =A% D@<G%D=EM;E=@AD%I;CG%EIG%D;<G%<G;A=AJ%aQN%`I=LI%.%<G;A%I;CG%EIG%D;<G%?@>G%=A%@M?%>=\Gb%;D%IMJJ=AJ% @?% S=DD=AJ% D@<G@AG_% !G% <;N% ;>D@% A@EG% EI;E% `G% @\EGA% EG>>%LI=>P?GA%`G%>@CG%EIG<%`IGA%IMJJ=AJ%;AP%S=DD=AJ%EIG<n%EI=D%=D%@AG%@\%EIG% L@MAE>GDD% D=EM;E=@AD% =A%`I=LI% EIG% LI=>P% >G;?AD%`I;E% =E% =D% E@% >@CG_%,@`R%=\%`G%EI=AS%@\%EI=D%MDG%@\%EIG%`@?PD%=E%QGL@<GD%>GDD%EG<HE=AJ%E@%EI=AS%@\%EIG<%;D%;%?GH@?E%@\%;A%=AAG?%DE;EG%@?%@\%;%H?@LGDD_%.A%`I;E%`;N%L@M>P%`G%MAPG?DE;AP%;%S=DD%@?%;%IMJ%;D%;%?GH@?EZ%.E%QGL@<GD%@QC=@MD%EI;E%`G%.#% EI=AJD%`=EI%`@?PDR% EI;E%@M?%`@?PD%I;CG%P=\\G?GAE%?@>GD% =A%

6 # 0 & ! ( $ - ! 9 . + 6 # ' # 9 . : !

!

@ !

@M?%?G>;E=@ADI=HD%`=EI%G;LI%@EIG?_%:@AD=PG?%@A>N%EIG%P=\\G?GAE%MDGD%@\%EIG%`@?PD%V.%>@CG%N@MX%=A%EIG%\@>>@`=AJ%DE@?N_%

j@M%`G?G%L;?G\M>%A@E% E@%D;N% EI@DG%`@?PD% EI;E%D@@A%QGL;<G%@M?%H?=C;EG%;>E;?_%.%I;P%D;=P%EIG<%<;AN%E=<GD%QG\@?GR%P?@HH=AJ%EIG<%>=SG% L@=AD% =AE@% ;% `=DI=AJ% `G>>R% I@H=AJ% EIGN% `@M>P% <;SG% <G%L@<G%E?MG_%.%I;P%D;=P%EIG<%<;AN%E=<GD%QG\@?G%QME%A@E%E@%N@M_%.%I;P% J=CGA% EIG<% ;D% \@?JGE4<G4A@ED% E@% J=?>D% `I@% DI@M>P% I;CG%SA@`A%QGEEG?_%.%I;P%MDGP%EIG<%;D%QM>>GED%;AP%Q;?EG?_%.%P@AiE%>=SG%E@%EI=AS%@\%<NDG>\%;D%;A%=AD=ALG?G%HG?D@A%QME%=\%.%D;N%.%>@CG%N@M%;AP%.%P@AiE%<G;A%=E%EIGA%`I;E%G>DG%;<%.Z%a!=AEG?D@A%6FF7QR%77b%

$IG% BM@EG% Q?=AJD% @ME% I@`% EIG% `@?PDR% X.% >@CG% N@MXR% <;N% QG% @\%D=JA=\=L;ALG% E@%MDR% =A% EIG%D;<G%<;AAG?% EI;E%IMJD%;AP%S=DDGD%;?GR%;AP%EIG% P=\\G?GAE% S=APD% @\% D=JA=\=L;ALG% EIG% `@?PD% <;N% I;CG% =A% P=\\G?GAE%D=EM;E=@AD_% /;N=AJ% V.% >@CG% N@MX%<;N% QG% ;% L@<\@?E% @?% ;% L@A\GDD=@AR% ;%H?@<=DG% @?% ;% H?;NG?_% .E% DG?CGD% ;D% ;% ?G<=APG?% EI;E% >;AJM;JG%P@GD% A@E%I;CG% E@% QG% DGGA% ;D% D@<GEI=AJ% GDDGAE=;>>N% P=\\G?GAE% \?@<% @M?% @EIG?%P@=AJD%QME%L;A%QG%DGGA%;D%;A%GgEGAD=@A%@\%EIG<_%!@?PDR%CG?N%@\EGAR%;?G%;>D@%,@$4#-5_% $IG%BM@EG% ;>D@% DI@`D%I@`%GgH?GDD=AJ%@?% L@A\GDD=AJ%<N%>@CG%\@?%D@<G@AG%<;N%?;=DG%BMGDE=@AD%;Q@ME%`IGEIG?%.%;<%E?MG%E@%EIG%DGADG%@\%<N%`@?PD_%$I=D%=D%;%BMGDE=@A%EI;E%.%`=>>%?GEM?A%E@%DI@?E>N_%

+ + + !>%.&!6($37(3&!#A!6#0&?!

.E% =D% ;J;=ADE% EI=D% Q;LSJ?@MAP% EI;E% .% `;AE% E@% E;SG% EIG% P=\\G?GAE%L@ACG?D;E=@AD%`G%<;N%I;CG%;Q@ME%>@CG%;D%EIG%@Q^GLE%@\%<N%DEMPN_%.%`=>>%A@E%;EEG<HE%E@%;AD`G?%EIG%BMGDE=@A%V!I;E%=D%>@CGZXR%QME%;HH?@;LI%EIG%DMQ^GLE%@\%>@CG%QN%P=DLMDD=AJ%EIG%P=\\G?GAE%EI=AJD%`G%<;N%D;N%;Q@ME%=E_%!I;E%=D%=E%EI;E%`G%D;N%E@%G;LI%@EIG?%`IGA%`G%D;NR%V.%>@CGXR%VN@M%>@CGXR%VIG%@?%DIG%>@CGDXR%V`G%>@CG%G;LI%@EIG?XZ%!I;E%<;N%=E%<G;A%E@%D;N%EI;E%>@CG%=D%;%V\GG>=AJXR%;%VL@<<=E<GAEXR%;AP%D@%@AZ%#E%P=\\G?GAE%H@=AED%@\%EIG%`@?S%.%DHG;S%;Q@ME%EI=D%;D%;A%;EEG<HE%E@%L>;?=\N%EIG%8,-+0,+&%@?%EIG%+(,'',(%@\% >@CG_% .%`=>>%@A%DGCG?;>%@LL;D=@AD%?GEM?A%E@%EIG%BMGDE=@A%@\%`I;E%DMLI%;%L>;?=\=L;E=@A%<;N%;AP%<;N%-#$%=AC@>CG_%.%;>D@%QG>=GCG%EI;E%EIG%S=APD%@\%?G<;?SD%.%<;SG%;Q@ME%>;AJM;JG%;AP%HI=>@D@HIN%;?G%QGDE%DG?CGP%QN%QG=AJ%L@AD=PG?GP%=A%EIG%L@AEGgED%@\%EIG%H;?E=LM>;?%H?@Q>G<D%@ME%@\%`I=LI% EIGN%;?=DG_%$@%J=CG% D@<G% =AP=L;E=@A%@\% EIG%P=?GLE=@AD% =A%`I=LI% EIGDG% P=DLMDD=@AD% `=>>% <@CGR% I@`GCG?R% .% `=>>% D;N% D@<GEI=AJ%;Q@ME%EIGDG%=DDMGD%IG?G%;>?G;PN_%$I=D%`=>>%;>D@%;>>@`%MD%E@%DGG%D@<G%@\%EIG=?% L@AAGLE=@AD% `=EI% <N% H?GDGAE% L@ALG?AD% =A% EIGDG% =AE?@PMLE@?N%?G<;?SD_%%

+ $ % * # - 7 " % + # $ !

!

; G !

KN%=AEGAE=@A%=A%DHG;S=AJ%;Q@ME%EIG%>;AJM;JG%@?%J?;<<;?%@\%>@CG%=D%-#$!E@%H?@C=PG%;%PG\=A=E=@A%@\% >@CGR%AG=EIG?%E@%P=DLG?A%;AN%MAPG?>N=AJ%H?=AL=H>GD%@?%L@AP=E=@AD%\@?%L@??GLE>N%MD=AJ%EIG%`@?P_%,@?%P@%.%`;AE%E@%DMJJGDE%;AN%?M>GD%@?%L?=EG?=;%\@?%<G;A=AJ\M>>N%;HH>N=AJ%EIG%`@?P%=A%;%L@AL?GEG% D=EM;E=@A_%*A% EIG%`I@>GR% .%`=>>%BMGDE=@A% EIG% =AEG>>=J=Q=>=EN%@\%EIGDG% S=APD% @\% GAPG;C@M?R% ;D% `G>>% ;D% BMGDE=@A% EIG% =PG;R% =AIG?GAE% =A%EIG<R%EI;E%HI=>@D@HIN%DI@M>P%QG%<;S=AJ%-#(',$43&%L>;=<D%;Q@ME%I@`%@M?% >;AJM;JG% =D%;AP%DI@M>P%QG%MDGP_% .A% EI;E%`;NR% .%P@%A@E% =AEGAP% E@%H?GDGAE%MD%`=EI%;%JGAG?;>%@CG?C=G`R%>G;DE%@\%;>>%;%L@<H>GEG%@AGR%@\%I@`%`G%J@%;Q@ME%DHG;S=AJ%EI=D%>;AJM;JG%@\%>@CG_%.%`=>>R%;E%E=<GDR%G<HI;D=eG%EIG%AGGP%\@?%HI=>@D@HIN%E@%QG%.&5@(4H$43&%aL\_%!=EEJGADEG=A%7112R%q7F1bR%QME%EI=D%=D%A@E%E@%QG%MAPG?DE@@P%=A%EIG%DGADG%=A%`I=LI%;A%G<H=?=L;>R%@?%>Gg=L;>R%DEMPN%L;A%QG%D;=P% E@%PGDL?=QG%@M?%MD;JG%@\%;%`@?PR%A@?%;D%;A%=A^MALE=@A% E@%<;H% @ME%<G;A=AJ\M>% @?%<G;A=AJ>GDD% L@ACG?D;E=@AD%`G%<;N% I;CG% ;Q@ME% >@CG_% .E% =DR% ;D% =E%`G?GR% A@E% H?GPGEG?<=AGP%`I;E% @M?%`@?PD%<;N%<G;A%=A%;%AG`%D=EM;E=@A_%!I;E%DGADG%EIGN%I;CGR%@?%P@%A@E%I;CGR% I;D% E@% QG% DGGA% =A% EIG% H;?E=LM>;?% D=EM;E=@A% =A% `I=LI% `G% \=AP%@M?DG>CGD_% #% JM=P=AJ% EI@MJIE% =A% EI=D% `@?SR% EIG?G\@?GR% =D% EI;E% @M?%>;AJM;JG%P@GD%A@E%L@ADE=EMEG%;%PG>=AG;Q>G%DNDEG<%EI;E%L;A%QG%PGDL?=QGP%=APGHGAPGAE>N%@\%`I;E%7&R%`I@%;?G%DHG;S=AJ%=ER%<=JIE%D;NR%;AP%`I;E%=D%<@?GR%`I;E%7&!<G;A%`=EI%@M?%`@?PD_%

%.A%EIG%>=JIE%@\%EI=DR%.%`;AE%E@%G<HI;D=eG%EIG%L@AEGgE4PGHGAPGALG%@\%J?;<<;E=L;>% ?G<;?SD_% .A% >=AG%`=EI%!=EEJGADEG=AiD% a7112b% ?G<;?S% EI;E%VvEwIG%`@?S%@\%EIG%HI=>@D@HIG?%L@AD=DED%=A%;DDG<Q>=AJ%?G<=APG?D%\@?%;%H;?E=LM>;?%HM?H@DGX%aq762bR%`G%<;N%D;N%EI;E%@M?%?G<;?SD%@A%J?;<<;?%=A%H;?E=LM>;?%L;DGD%;?G%A@E%E@%QG%JGAG?;>=eGP_%:@AEG<H>;E=AJ%EIG%?@>GD%P=\\G?GAE%GgH?GDD=@AD%@\%>@CG%;AP%MEEG?;ALGD%L@ALG?A=AJ%>@CG%<;N%I;CG%=A%@M?%>=\G%P@GD%A@E%HME%MD%=A%EIG%H>;LG%@\%P?;`=AJ%JGAG?;>%P=DE=ALE=@AD%QGE`GGA%P=\\G?GAE% MDGD_%l;EIG?% EIGDG% ?G<=APG?D%@\% I@`%`G%<;N% E;>S%;Q@ME% >@CG% ;PP?GDD% EIG% H;?E=LM>;?% H?@Q>G<D% `=EI% `I=LI% `G% ;?G%DE?MJJ>=AJ_%$IGN%DG?CG%E@%P=DD@>CG%DHGL=\=L%H?@Q>G<;E=L%H=LEM?GD%@\%>@CG%EI;E%<;N% EM?A%MH%`IGA%`G%QGJ=A%HI=>@D@HI=e=AJ% ;Q@ME% >@CG_% .A% EI=D%DGADGR% .% ;>=JA% <NDG>\% `=EI% ?G;P=AJD% @\% !=EEJGADEG=A% EI;E% ?GJ;?P% I=D%HI=>@D@HIN%;D%H?=<;?=>N%$%&(,H&0$4@_%

$I=DR% ;J;=AR% L@AAGLED% `=EI% EIG% DGADG% =A% `I=LI% !=EEJGADEG=A%?GJ;?PGP% HI=>@D@HI=L;>% H?@Q>G<D% ;D% LGAE?;>>N% ;?=D=AJ% @ME% @\% @M?%P=\\=LM>E=GD%E@%?GL@JA=eG%I@`%@M?%>;AJM;JG%=D%MDGPR%@?%QGEEG?%NGER%I@`%7&%MDG%@M?%`@?PD%@MED=PG%@\%EIG%HI=>@D@HI=L;>%L@AEGgE_%!IGA%`G%<@CG%;Q@ME% =A% @M?% @?P=A;?N% >=\GR% `G% P@% A@E% A@?<;>>N% GgHG?=GALG% ;AN%H?@Q>G<D%MAPG?DE;AP=AJ%`I;E% @M?%`@?PD%<G;AR% GCGA% =\% ;E% E=<GD%`G%<;N% ;DS% `I;E% 5#'&#-&% <G;AD% `=EI% IG?% `@?PDR% =A% EIG% DGADG% @\%

6 # 0 & ! ( $ - ! 9 . + 6 # ' # 9 . : !

!

; ; !

`@APG?=AJ% ;Q@ME% IG?% ?G;D@AD% @?%<@E=CGD% \@?% D;N=AJ% D@<G%H;?E=LM>;?%EI=AJ_% !IGA% `G% ;?G% L@A\?@AEGP% `=EI% ;% BMGDE=@A% DMLI% ;D% V!I;E% =D%>@CGZX% @?% V.D% >@CG% ;% \GG>=AJZX% =A% ;% HI=>@D@HI=L;>% L@ACG?D;E=@AR%I@`GCG?R% EIG% G;DG% `=EI% `I=LI% `G% @EIG?`=DG% DHG;S% ;Q@ME% V>@CGX% @?%V\GG>=AJDX%J=CGD%`;N%E@%QG`=>PG?<GAE_%#DSGP%E@%GgH>;=A%EIG%<G;A=AJ%@\%;%`@?P%=A%;QDE?;LE=@A%\?@<%EIG%L@AL?GEG%L@AEGgED%=A%`I=LI%=E%=D%MDGPR%`G% \;=>% E@% L;>>% MH% EIG% D=EM;E=@AD% =A%`I=LI% EIG%`@?PD% L@<G% ;>=CG_%*?R%EIGA% `G% ;?G% L@AC=ALGP% `G% SA@`% EIG% ;AD`G?D% E@% EIG% BMGDE=@ADR% QME%L@A\@MAPGP% `IGA% `G% GAL@MAEG?% MDGD% @\% EIGDG% `@?PD% EI;E% DHG;S%;J;=ADE%@M?%L@AC=LE=@A_%%

V#% HI=>@D@HI=L;>% H?@Q>G<XR% !=EEJGADEG=A% a7112b% D;NDR% VI;D% EIG%\@?<0% x.%P@AiE%SA@`%<N%`;N%;Q@MEiX%aq%76cb_%$@%\=AP%@M?%`;N%@ME%@\%EI=D% L@A\=AG<GAER%!=EEJGADEG=AR% ;D% .% I;CG% ;>?G;PN% D;=PR% ?GL@<<GAPD%EI;E%`G%?G<=AP%@M?DG>CGD%@\%P=\\G?GAE%`;ND%=A%`I=LI%@M?%`@?PD%;?G%;E%`@?S%=A%@M?%GCG?NP;N%>=\G_%#A@EIG?%@AG%@\%I=D%?G<;?SD%;Q@ME%\=AP=AJ%@AGiD%`;N%=A%>;AJM;JG%DE;EGD0%V';AJM;JG%=D%;%>;QN?=AEI%@\%H;EID_%j@M%;HH?@;LI%\?@<%#-&%D=PG%;AP%SA@`%N@M?%`;N%;Q@MEn%N@M%;HH?@;LI%EIG%D;<G%H>;LG% \@?<%;A@EIG?%D=PG%;AP%A@% >@AJG?%SA@`%N@M?%`;N%;Q@MEX%a!=EEJGADEG=A% 7112R% q6Fcb_% +D=AJ% EI=D% H=LEM?GR% `G% L@M>P% D;N% EI;E% EIG%E;DS%@\%HI=>@D@HINR%`IGA%`G%;?G%L@A\MDGP%;Q@ME%EIG%MDG%@\%`@?PD%>=SG%VEI@MJIEDXR%VQG>=G\DXR%V\GG>=AJDXR%VG<@E=@ADXR%VPGD=?GDXR%V=AEGAE=@ADXR%@?%;Q@ME%DGAEGALGD%L@AE;=A=AJ%EIGDG%`@?PD%EI;E%E;SGA%=AP=C=PM;>>N%@?%L@<Q=AGP%`=EI%@EIG?%DGAEGALGD%P@%A@E%;HHG;?%E@%<;SG%;AN%DGADGR%=D%E@%DI@`% EIG% \;<=>=;?%`;ND% =AE@% DHG;S=AJ%;Q@ME% EIGDG%;DHGLED%@\%@M?% >=\G%;AP% `I;E% >=JIE% EI;E% <;N% EI?@`% @A% EIG% DGADG% @?% A@ADGADG% `G%GgHG?=GALGP%EIGDG%DGAEGALGD%;D%GgH?GDD=AJ_%.\%`GR%D;NR%;?G%\;LGP%`=EI%;%BMGDE=@A%DMLI%;D%V.D%>@CG%;%\GG>=AJ%@?%;%PGL=D=@AZX8%`G%<;N%\GG>%EI;E%`G%;?G% \@?LGP% E@% @HE% \@?% @AG% @\% EIG% ;>EG?A;E=CGD_%"G?GR% ?G\>GLE=@A% @A% EIG%P=\\G?GAE%S=APD%@\%L@ALG?AD%EI;E%<;N%>G;P%MD%E@%G<HI;D=eG%@A%EIG%@AG%I;AP% EIG% DH@AE;AG=EN% @\% @M?% PGD=?GD% ;AP% @A% EIG% @EIG?% @M?%?GDH@AD=Q=>=EN% \@?% EIG% @EIG?% =A% >@CG% <;N% IG>H% E@% P=DD@>CG% EIG% \G>E%L@AC=LE=@A% EI;E% D@<G% @\% @M?% `;ND% @\% DHG;S=AJ% ;Q@ME% >@CG% ;?G% @\%AGLGDD=EN%H;?;P@g=L;>_%%

$IGDG% >;DE% ?G<;?SD% ;>D@% ;>G?E% MD% E@% EIG% DGADG% =A% `I=LI% EIG%P=DD@>ME=@A% @\% HI=>@D@HI=L;>% H?@Q>G<D% DMJJGDEGP% QN% !=EEJGADEG=AiD%`?=E=AJD%L;AA@E%QG%DGH;?;EGP%\?@<%?GL@JA=e=AJ%EIG%`;ND%=A%`I=LI%`G%;D% HI=>@D@HIG?D% I;CG% GAE?GALIGP% @M?DG>CGD% =A% LG?E;=A% H?@Q>G<D_%T=AP=AJ%@AGiD%`;N%@ME%@\%;%HI=>@D@HI=L;>%H?@Q>G<%=D%=A%EI;E%`;N%;>D@%;%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%8%.%;PP?GDD%EI=D%BMGDE=@A%=A%\M?EIG?%PGE;=>%=A%LI;HEG?%c_%

+ $ % * # - 7 " % + # $ !

!

; D !

<;EEG?% @\% SA@`=AJ%`IG?G% E@% I;>ER% A@E% E@% EM?A% ;?@MAP% ;AP% GAEG?% EIG%D;<G%S=APD%@\%L@A\MD=@A%@AG%I;P%^MDE%\?GGP%@AGDG>\%\?@<_%$I=D%=D%A@E%E@%PGAN%EI;E%`G%@\EGA%P@%H?GL=DG>N%EI=D%`IGA%HI=>@D@HI=e=AJ_%$IG%DGADG%=A%`I=LI%@AG%<;N%QG%=AL>=AGP%E@%EM?A%;%J?;<<;E=L;>%?G<;?S%EI;E%I;D%IG>HGP% @AG% @ME% @\% @AG% HI=>@D@HI=L;>% <MPP>G% =AE@% ;% ?M>G% \@?% @M?%>;AJM;JG%MDG%L@ADE=EMEGD%DMLI%;%L@A\MD=@A_%.A%EI=D%?GDHGLER%HI=>@D@HIN%=D%;D%`G>>%;%?G\>GLE=@A%@A%@AGiD%@`A%=AC@>CG<GAE%=A%P=\\G?GAE%BMGDE=@AD%;AP%;% L;>>% E@%QGL@<G%;`;?G%@\% ;AP%BMGDE=@A%@AGiD%@`A%PG<;APD%@A%`I;E% ;% HI=>@D@HI=L;>% BMGDE=@A% @?% P=DLMDD=@A% DI@M>P% >@@S% >=SG% aL\_%!=EEJGADEG=A% 7112R% q% 7F2b_% .APGGPR% =E% =D% ;%`;N% @\% DGG=AJ% I@`% @AG% =DR%@AGDG>\R%L@AE=AM;>>N%L@A\MDGP%;Q@ME%@AGiD%MDG%@\%>;AJM;JG_%%

*AG% <=JIE% QG% EG<HEGP% E@% EI=AS% EI;E% EI=D% `;N% @\% >@@S=AJ% ;E% EIG%>;AJM;JG% @\% >@CG% =D% ;%`;N% @\% ;C@=P=AJ% EIG% BMGDE=@A_%*AG%<=JIE% \GG>%EI;E% @LLMHN=AJ% @AGDG>\% `=EI% >=AJM=DE=L% <;EEG?D% P@GD% A@E% J=CG% EIG%AGLGDD;?N% `G=JIE% E@% EIG% BMGDE=@AD% @AG% =D% =AEG?GDEGP% =A% D@>C=AJ_% a:\_%/EGA>MAP% 6FFFR% 66c_b% $I=D% ;HHG;?D% E@% QG% EIG% H@D=E=@A% @\% EIG%HI=>@D@HIG?D% `I@% ?GJ;?P% EIG% H?;LE=LG% @\% ;A;>Ne=AJ% @?% =ACGDE=J;E=AJ%@M?%<GAE;>%L@ALGHED%;D%;%\@?<%@\%\@>S%HDNLI@>@JNR%=A%@EIG?%`@?PDR%;D%;%H?@E@4DL=GAE=\=L% EIG@?N% @\% `I;E% I;HHGAD% =A% @M?%<=APD_% #EEGAP=AJ% E@%@M?% L@ACG?D;E=@AD% ;Q@ME% >@CGR% EIG% EI@MJIE% J@GDR% P@GD% A@E% DI@`% MD%;ANEI=AJ%@\%C;>MG%D=ALG%=E%@A>N%DI@`D%`I;E%@AG%LM??GAE>N%?&84&3&5%>@CG%E@% QG_% .E% P@GD% A@E% DI@`% MD% >@CG% ;D% =E% ?G;>>N% =D_2% #D% .% I;CG% ;>?G;PN%=AP=L;EGPR%I@`GCG?R%=E%=D%\;?%\?@<%L>G;?%`I;E%BMGDE=@A%`G%EI=AS%EI;E%`G%;?G% ;DS=AJ% `IGA% `G% ;DS% `I;E% >@CG% 45_% $IG% ?G;>% P=\\=LM>EN% =A%HI=>@D@HI=e=AJR%;D% =E%`G?GR% =D%-#$% \=AP=AJ%EIG%<G;AD%@\%PG\=A=AJ%`I;E%;HHG;?D% E@@% G>MD=CG% E@% QG% PG\=AGPR% QME% J;=A=AJ% L>;?=EN% ;Q@ME% `I;E%Gg;LE>N% @AGiD% H?@Q>G<% =DR% ;AP% `I;E% @AG% @AGDG>\% PG<;APD% @\% EIG%BMGDE=@A%@AG%=D%?;=D=AJ_%

!I;E%=D%<@?GR%=\%`G%EI=AS%@\%\@LMD=AJ%@A%EIG%V>;AJM;JG%@\%>@CGX%;D%;%`;N% @\% ;C@=P=AJ% EIG% V?G;>X% BMGDE=@AR% `G% DE=>>% P@% A@E% DGG% EIG%\MAP;<GAE;>%?@>G%EI;E%>;AJM;JG%H>;ND%=A%>@CG_%!G%;?G%DE=>>%L;MJIE%MH%=A%EIG%H=LEM?G%@\%>;AJM;JG%;D%PGD=JA;E=AJ%@Q^GLEDR%EI=AS=AJ%EI;E%>;AJM;JG%=D% D@<GI@`% DGH;?;EG% \?@<% >@CGR% @?% \?@<% `I;E% >@CG% ?G;>>N% =D_% *M?%`@?PD% ;?G% E;SGA% @A>N% ;D% ?G\>GLE=AJ% @?% PGDL?=Q=AJ% EIG% MAPG?>N=AJ%H?@LGDDGD% @\% >@CGR% ;AP%`IN% A@ER% EIGAR% VJ@% \@?% EIG% ?G;>% EI=AJX% ?;EIG?%EI;A%DGEE>=AJ%\@?%<G?G>N%E;>S=AJ%;Q@ME%=E_%$I=D%`;N%@\%>@@S=AJ%;E%EI=AJDR%I@`GCG?R% =JA@?GD% EI;E% =E% =D% @A>N% =A%@?% EI?@MJI% >;AJM;JG% EI;E%`G% >=CG%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%2%/GG%LI;HEG?%7%\@?%;%L>@DG?%P=DLMDD=@A%@\%EI=D%EIG<G_%

6 # 0 & ! ( $ - ! 9 . + 6 # ' # 9 . : !

!

; < !

>@CG_% $IG% `;ND% `G% DHG;S% ;Q@ME% >@CG% ;?G% 4-$&(-,8% E@% `I;E% `G%MAPG?DE;AP%;D%>@CG_%

:@<<GAE=AJ% @A% EI=D% =AEG?A;>% ?G>;E=@ADI=HR% lMDI% lIGGD% a7181b%?G<;?SDR%VJ05$!,5!84$$8&%v;D%EIG?G%L@M>P%QG%?G>=J=@A%`=EI@ME%EIG%>;AJM;JG%@\% ?G>=J=@Aw% L@M>P% EIG?G%QG% >@CG%`=EI@ME% EIG% >;AJM;JG%@\% >@CGX% a767b_%!G%`@M>P%A@E%I;CG%EIG%DGADG%@\%>@CG%EI;E%`G%I;CG%A@`%MA>GDD%VHG@H>G%MDGP%>;AJM;JG%=A%EIG=?%>=CGDp@?%E@%HME%=E%EIG%@EIG?%`;N%;?@MAPR%MA>GDD%EIGN% >=CGP% EIG% S=AP% @\% >=CGD% EI;E% HG@H>G% >=CG%`=EI% >;AJM;JGX% alIGGD%7181R% 767b_% $I=D% ?G<;?S% QG;?D% ?GDG<Q>;ALG% E@% @AG% @\% T?;Ay@=D% PG% '; l@LIG\@ML;M>PiD% a7151b% <;g=<D0% V/@<G% HG@H>G% `@M>P% AGCG?% I;CG%\;>>GA% =A% >@CG% =\% EIGN%I;P% AGCG?% IG;?P% @\% >@CGX% aq7c8b_%,GCG?EIG>GDDR%EIG?G%;?G% =<H@?E;AE%P=\\G?GALGD%QGE`GGA%`I;E%IG% =D%D;N=AJ%;AP%`I;E%lIGGD%`;AEGP%E@%D;N_%%

$IG% L@<<GAE% <;PG% QN% ';% l@LIG\@ML;M>P% =D% ?G<=A=DLGAE% @\% EIG%EI=AJD%@AG%<=JIE%D;N%;Q@ME%;PCG?E=D=AJR%D;NR%EI;E%A@%@AG%`@M>P%EI=AS%EIGN%AGGP%EI=D%Q?;AP%@\%`;DI=AJ%PGEG?JGAE%@?%EI=D%D@\E%P?=AS%=\%=E%I;P%A@E%QGGA%;PCG?E=DGP%GCG?N`IG?G_%$I=D%DE;EG<GAE%;HHG;?D%E@%QG%E?MG%MH%E@%;%H@=AE_%$IG?G%=D%A@EI=AJ%=A%EIG%PGD=?G%\@?%;%P?=AS%@?%\@?%I;C=AJ%L>G;A%L>@EIGD% EI;E%PG<;APD% EI;E% =E% =D% D;E=D\=GP%QN%;% LG?E;=A%H?@PMLE_%l;EIG?%@AG%L@M>P%D;N%EI;E%EIG%PGD=?G%=D%DE=??GP%QN%EIG%;PCG?E=DG<GAE_%'=SG`=DGR%`G%<;N%=<;J=AG%D@<G@AG% >=DEGA=AJ% E@%;%?@<;AE=L%D@AJ%@?%J@=AJ% E@%;%?@<;AE=L%\=><%QG=AJ%DE=??GP%QN%EIG%EI@MJIER%V.%`;AE%E@%QG%=A%>@CGX_3%$IG%HG?D@A%<;N%GCGA% =<;J=AG% EI;E%IG% =D% =A% >@CGR% ;AP%A@ER% ;D%@EIG?D%<;N%DMDHGLER%V=A%>@CG%`=EI%QG=AJ%=A%>@CGX_%%

KN%H@=AE%IG?G%=D%A@E%EI;E%`IGAGCG?%D@<G@AG%=AE@g=L;EGP%QN%;%\=><%@?% ;% D@AJ% \;>>D% =A% >@CG% =E% =D% A@E% >@CG_% T@?% A@`% `G% <;N% >G;CG% EIG%BMGDE=@A%`IGEIG?%EIG%HG?D@A%=D%;LEM;>>N%=A%>@CGR%;AP%`I;E%EI;E%<G;ADR%;D% =E% DE;APD_% KN% H@=AE% =D% @A>N% EI;E% DMLI% ;% PGDL?=HE=@A% @\% EIG%?G>;E=@ADI=H% QGE`GGA% IG;?=AJ% >@CG% QG=AJ% E;>SGP% ;Q@ME% ;AP% >@CGR%H?GDGAED%EIG%?G>;E=@ADI=H%QGE`GGA%EIG%>;AJM;JG%@\%>@CG%;AP%>@CG%;D%;A%GgEG?A;>%@AG_%.E%=AC=EGD%MD%E@%EI=AS%@\%EIG%`;ND%=A%`I=LI%EIG%>;AJM;JG%@\% >@CG% EI;E%`G% GAL@MAEG?% =A% D@AJDR% \=><D% ;AP% >=EG?;EM?G%<;N% =APMLG%>@CG% =A% EIG% >=DEGAG?R% DHGLE;E@?%@?%?G;PG?_%lIGGDR%I@`GCG?R% DE;EGD%BM=EG%L>G;?>N%EI;E%EI=D%=D%-#$%`I;E%IG%I;D%=A%<=AP_%%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%3%#%D@AJ%QN%KG>=DD;%&EIG?=PJG%a6FF7b%L;HEM?GD%EI=D%>@CG4D=LS%\GG>=AJ%`G>>0%V.A%\?@AE%@\%E@E;>%DE?;AJG?D%`@AiE%N@M%S=DD%<GR%\>@`G?D%\@?%A@%?G;D@A%QME%N@M%<=DD%<GR%.%`;AE%E@%QG%=A%>@CG_X%%

+ $ % * # - 7 " % + # $ !

!

; B !

.E%<;N%D@<GE=<GD%QG%D;=P%EI;E%vzw%>@CG%P@GD%D@<GEI=AJ%E@%N@M_%#>>% ?=JIEn% QME% A@E% =A% EIG% `;N% =A% `I=LI% HDNLI@;A;>ND=D% P@GD%D@<GEI=AJ% E@% N@MR% \@?% =ADE;ALG_%$IG%H@=AE% =D% EI;E% EIG%HG?D@A% =A%>@CG% =D%P=\\G?GAEn% >=\G% =D%P=\\G?GAE% \@?%I=<R%@?% EIG%`I@>G%`@?>P%=D%P=\\G?GAE% \@?%I=<_% vzw% .%P@%A@E%<G;A% EI;E% EIG% >;AJM;JG%@\% >@CG%Q?=AJD%;Q@ME%@?%=APMLGD%EI;E%P=\\G?GALG_%vzw%$IG%>;AJM;JG%P@GD%A@E% Q?=AJ% ;Q@ME% EIG% xP=\\G?GALGi% @\% QG=AJ% =A% >@CGR% QME% EIG%>;AJM;JG% =D% ;%H;?E% @\% EI;E% P=\\G?GALGp.%I;P% ;><@DE% D;=P% =D% EI;E%xP=\\G?GALGiR%QGL;MDG%EIG%>;AJM;JG%=D%A@E%EIG%`@?PD%@A%H;HG?%A@?%GCGA% ?GL=E=AJ% EIG<R% EIG% >;AJM;JG% =D% EIG%`;N% =E% =D% MDGP% ;AP% EIG%?@>G%=E%H>;NDR%EIG%>;AJM;JG%=D%;>>%=E%<G;AD%E@%I=<%=A%MD=AJ%=E%;AP%E@%IG?%=A%>=DEGA=AJ_%alIGGD%7181R%76m4765b%%

$I=D%.%E;SG%=ER%=D%;D%L>@DG%;D%@AG%<;N%JGE%=A%\@?<M>;E=AJ%EIG%=AD=JIE%EI;E%EIG%>;AJM;JG%@\%>@CG%=D%A@E%;ANEI=AJ%P=DE=ALE%\?@<%>@CGR%QME%=AEG?A;>%E@%=E_%$IG%>;AJM;JG% =A%`I=LI%`G%DHG;S%;Q@ME% >@CG%=D% =EDG>\%GgH?GDD=CG%@\%@M?% >@CG_% h;=A=AJ% ;A% MAPG?DE;AP=AJ% @\% EIG% >;AJM;JG% @\% >@CG% =D% A@E%;ANEI=AJ% P=\\G?GAE% \?@<% J;=A=AJ% ;A% MAPG?DE;AP=AJ% @\% >@CG_%*?% GCGAR%EIG% @A>N% `;N% `G% <;N% MAPG?DE;AP% >@CG% =D% EI?@MJI% EIG% >;AJM;JG% @\%>@CG_%V(A@`=AJ%`I;E%EI;E%>;AJM;JG%<G;AD%=D%SA@`=AJ%`I;E%QG=AJ%=A%>@CG%=D_X%alIGGD%7181R%76m4765b_1%%

.\%`G%E;SG%MH%EI=D%;EE=EMPG%E@%>;AJM;JGR%EIG?G%=D%A@EI=AJ%DE?;AJG%=A%EIG% DMJJGDE=@A% EI;E%HI=>@D@HIG?D% L@M>P%I;CG%D@<GEI=AJ% E@% D;N%;Q@ME%>@CG_%.\%`G%EI=AS%@\%HI=>@D@HI=e=AJ%;Q@ME%>@CG%;D%;%`;N%@\%L>;?=\N=AJ%E@%@M?DG>CGD%EIG%>;AJM;JG%@\%>@CGpI@`%=E%=D%MDGPR%`I;E%=E%<G;ADR%=A%@M?%>=\GpEIG?G% P@GD% A@E% DGG<% E@% QG% ;ANEI=AJ% EI;E% <MDE% QG% DGGA% ;D%AGLGDD;?=>N% I=PPGA% E@% MD% =A% >@CGR% D=ALG% EIG% >;AJM;JG% =A% `I=LI% `G%GgH?GDD%=E%=D%D@<GEI=AJ%EI;E%`G%\MAP;<GAE;>>N%DI;?G_%%

+0!9&*'#$(6!($-!9.+6#'#9.+"(6!9*#)6&2'!+$!6#0&!

.% I;CG% ?G^GLEGP% @AG%`;N% @\% EI=AS=AJ% ;Q@ME% EIG%HG?D@A;>% LI;?;LEG?% @\%>@CG% EI;E% .% QG>=GCG% =D% <=D>G;P=AJ_% $I;E% =D% EI=AS=AJ% @\% >@CG% ;D% D@<G%H?=C;EGR% =AAG?% @Q^GLE% EI;E% `G% L;AA@E% ?G;LI% QN%<G;AD% @\% >;AJM;JG_% .%A@`%`;AE% E@% EM?A% E@% EIG%`;ND% =A%`I=LI% =E% DE?=SGD%<G%;D% ?=JIE% E@% D;N%EI;E% >@CG% =D% HG?D@A;>% =A% @?PG?% E@% DGG%`I;E% =<H;LE% EI=D%<;N% I;CG% @A%`I;E% HI=>@D@HIN% L;A% @?% P@GD% D;N% ;Q@ME% >@CG_% $IG% \=?DE% BMGDE=@A% E@%`I=LI% .% EM?A% =D% `I;E% `G% <;N% ?GJ;?P% ;D% HI=>@D@HI=L;>% H?@Q>G<D% =A%>@CG_%%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%1% :\_%!=EEJGADEG=A% a7112b0% XT@?% I@`% L;A% .% J@% ;D% \;?% ;D% E@% E?N% E@% MDG% >;AJM;JG% E@% JGE%QGE`GGA%H;=A%;AP%=ED%GgH?GDD=@AZX%aq6m5b_%

6 # 0 & ! ( $ - ! 9 . + 6 # ' # 9 . : !

!

; I !

,@% @AG% `@M>P% H?@Q;Q>N% LI;>>GAJG% EIG% L>;=<% EI;E% HI=>@D@HI=e=AJ%;Q@ME%>@CG%=D%A@E%EIG%D;<G%;D%>@C=AJ_%.E%=D%BM=EG%H@DD=Q>G%\@?%<G%E@%?;=DG%HI=>@D@HI=L;>% BMGDE=@AD% ;Q@ME% QG=AJ% =A% >@CG% @?% GAEG?% HI=>@D@HI=L;>%P=DLMDD=@AD% @A% EIG% E@H=L% `=EI@ME% QG=AJ% =A% >@CG% <NDG>\_% .% <=JIER% ;D%lIGGD%a7181b%D;NDR%V=A%@AG%DGADGR%>G;?A%EIG%>;AJM;JG%@\%>@CG%;AP%AGCG?%QG%=A%>@CGX%a76mb_%$IG%G<HI;D=D%IG?GR%.%E;SG%=ER%=D%@A%')%QG=AJ%4-%>@CGR%D=ALG%=E%=D%>GDD%L>G;?%`I;E%=E%`@M>P%<G;A%E@%>G;?A%EIG%>;AJM;JG%@\%>@CG%`=EI@ME%<NDG>\%GgHG?=GAL=AJ%>@CG%=A%@EIG?%?G>;E=@ADI=HDR%DMLI%;D%`=EI%\;<=>N%;AP%\?=GAPDR%;D%`G>>%;D%GgHG?=GAL=AJ%@EIG?%HG@H>G%QG=AJ%=A%>@CG_%T@>>@`=AJ% EIG% D;<G% >=AG% @\% EI@MJIE% @AG%<;N% ;>D@% L@AL>MPG% EI;E% EIG%HG?D@A;>% H?@Q>G<D% `G% GAL@MAEG?% =A% >@CG% ;?G% P=\\G?GAE% \?@<% EIG%HI=>@D@HI=L;>% BMGDE=@AD% `G% <;N% ?;=DG% ;Q@ME% =E_% .E% =DR% I@`GCG?R%=<H@?E;AE% E@% A@EG% I@`% EIG% E`@% <;N% ;>D@% L@ACG?JG_% *M?% HG?D@A;>%H?@Q>G<D% <;N% J=CG% ?=DG% E@% HI=>@D@HI=L;>% BMGDE=@ADR% ;AP% `@?S=AJ%EI?@MJI% HI=>@D@HI=L;>% BMGDE=@AD% ;Q@ME% >@CG%<;N% L>;?=\NR% @?% HG?I;HD%D@<GE=<GD%GCGA%L>@MPR%`I;E%=D%;E%DE;SG%\@?%MD%HG?D@A;>>N_%%

.% I;CG% ;>?G;PN% P=DE;ALGP% <NDG>\% \?@<% EIG% DMJJGDE=@A% EI;E% EIG%HI=>@D@HI=L;>%BMGDE=@A%L@ALG?A=AJ%>@CG%=D%PG\=A=AJ%=E%@?%PGL=P=AJ%`I;E%<;N%L@MAE%;D%>@CG%=A%;%DHGL=\=L%L;DG_%$IG%E;DS%@\%HI=>@D@HINR%;D%.%`=>>%;?JMGR%=D%?;EIG?%E@%G>ML=P;EG%`I;E%=E%<;N%<G;AR%D;NR%E@%DGG%D@<GEI=AJ%;D% >@CG% @?% A@E% =A% P=\\G?GAE% D=EM;E=@AD_% $I=D% <;?SD% @AG% P=DE=ALE=@A%QGE`GGA% HG?D@A;>% ;AP% HI=>@D@HI=L;>% H?@Q>G<D% =A% >@CG_% &CGA% =\% `G%?GL@JA=eG% EIG% H?@Q>G<D% =AC@>CGP% =A% ?;=D=AJ% EIG% BMGDE=@AD% V!I;E% =D%>@CGZX% @?% V.D% EI=D% >@CGZX% `=EI=A% HI=>@D@HIN% =A% EIG% QG>=G\% EI;E% EIG?G%<MDE% QG% @AG% JGAG?;>% \G;EM?G% ?MAA=AJ% EI?@MJI% ;>>% EIG% =ADE;ALGD% =A%`I=LI%`G%E;>S%;Q@ME%>@CGR%`G%P@%A@E%AGGP%E@%?G^GLE%EIG%=PG;%EI;E%EIGDG%BMGDE=@AD%<;N%<G;A=AJ\M>>N% ;?=DG% =A% @EIG?% L@AEGgED% @\% @M?% >=\G_% $IG%=<H@?E;AE% H@=AE% =D% @A>N% E@% ?GL@JA=eG% I@`% CG?N% P=\\G?GAE% EIG% ?@>G% @\%;DS=AJ% DMLI% BMGDE=@AD% =A% @M?% >=\G% <;N% QG% \?@<% =PGAE=\N=AJ% DMLI% ;%JGAG?;>% PGA@<=A;E@?_% .A% EI=D% `@?SR% .% `=>>% ?GHG;EGP>N% ?GEM?A% E@% EIG%D=JA=\=L;ALG%@\%?GL@JA=e=AJ%EIG%L@AEGgED%=A%`I=LI%;%BMGDE=@A%;?=DGD%\@?%L>;?=\N=AJ%`I;E%S=AP%@\%BMGDE=@A%=E%=D_%

#%EGGA;JG?%<;N%?;=DG%EIG%BMGDE=@AD%V!I;E%=D%>@CGZX%@?%V.D%EI=D%>@CG%EI;E%.%;<%\GG>=AJZX%`=EI%LM?=@D=EN_%/@<G@AG%GgHG?=GAL=AJ%I=D%\=?DE%>@CG%<;N% GgH?GDD% EIG%`@APG?<GAE% IG% =D% \GG>=AJ% QN% D;N=AJR% V.D% EI=D% `I;E%GCG?N@AG%I;D%QGGA% E;>S=AJ%;Q@MEZX%#%HG?D@A% DM\\G?=AJ% ?G^GLE=@A%<;N%MEEG?% EIG%`@?PDR% V!I;E% =D% >@CG% ;AN`;NZX%`=EI% ;%P=D<=DD=CG% JGDEM?G_%#J;=ADE% EIG% Q;LSJ?@MAP% @\% ;% >@AJ% ?G>;E=@ADI=H% =A% `I=LI% EIG% P;=>N%?@ME=AGD% I;CG% E;SGA% @CG?% EIG% =A=E=;>% ?@<;ALGR% EIG% BMGDE=@AR% V.D% EI=D%>@CG% @?% ^MDE% ;% \?=GAPDI=HZX% <;N% QG% ;DSGP% =A% P=D;HH@=AE<GAE% ;AP%PGDH;=?0% V.D% EI=D% ;D%J@@P%;D% =E% JGEDZX%,@`R% ?;EIG?% EI;A% >@AJ=AJ% \@?% ;%

+ $ % * # - 7 " % + # $ !

!

; C !

JGAG?;>%;AD`G?% E@%IG?%BMGDE=@A% EIG% EGGA;JG?%<;N%QG% DGGA%;D% >@AJ=AJ%\@?% ;A% GgHG?=GALGp;A%GgHG?=GALGR% @AG%<;N%;PPR% EI;E%<;N%QG% E=JIE>N%L@AAGLEGP%`=EI%EIG%PGD=?G%E@%QGL@<G%;A%;PM>E_%/=<=>;?>NR%EIG%@AG%`I@%`@APG?D%@CG?%I=D%QMPP=AJ%\GG>=AJD%L;A%QG%DGGA%;D%H?=<;?=>N%DHG;S=AJ%@ME%@\%I=D%GgHG?=GALGR%;AP%A@E%=A%DG;?LI%@\%;AN%H;?E=LM>;?%;AD`G?_%T@?%EIG%@AGD%`I@R%=A%@AG%`;N%@?%;A@EIG?R%GAEG?E;=A%P@MQED%;Q@ME%>@CGR%EIG%BMGDE=@A% ;LEM;>=eGD% ;% \G>E% AGGP% E@% LI;AJG% @AGiD% >=\GR% @?% ;% H@DD=Q>G%?G;D@A% \@?% LI;AJ=AJ% ;DHGLED% @\% =E_% $IG% LNA=LiD% ?G^GLE=@A% @\% EIG%`I@>G%BMGDE=@AR% I@`GCG?R% L;A% QG% DGGA% ;D% ;% L;EGJ@?=L;>% ;C@=P;ALG% @\% EIG%?G;>=e;E=@A% EI;E% EIG?G% ;?G%`;ND% =A%`I=LI% DIG% E@@%<;N% QG% =A% AGGP% @\%LI;AJG_%%

$IG%<G;A=AJ% EIGDG%BMGDE=@AD%I;CG% =A%@M?% >=CGD% L;AA@E%QG% =D@>;EGP%\?@<%`I;E%EIGN%EG>>%MD%;Q@ME%EIGDG%D;<G%>=CGD_%"%&)!,(&!20&5$4#-5!,?#0$!$%&!84*&!7&!8&,._%$IGN%;?G%H&(5#-,8%;AP%'#(,8%BMGDE=@AD%=A%EIG%DGADG%EI;E%EIGN%\;LG%G;LI%@\%MD%`=EI%;%BMGDE=@A%;Q@ME%EIG%H>;LG%`G%;?G%H?GH;?GP%E@%J=CG%E@% >@CG%=A%@M?% >=\G_%!I;E%P@%.%DGG%;D% >@CG%@?%;D%\;=>M?GD% =A%<N%>@CG% \@?% D@<G@AGZ%Y@% .% AGGP% E@% >@CG% QGEEG?% @?% @HGA%<NDG>\%<@?G% E@%@EIG?% HG@H>GZ% .E% =D% <N% ?GDH@AD=Q=>=EN% ;D% ;A% =AP=C=PM;>% E@% E;SG% EIG<%DG?=@MD>N%;AP%E?N%E@%J=CG%EIG<%;%D=ALG?G%;AD`G?_%$I=D%P@GD%A@E%<G;A%EI;E% .% L;AA@E% EM?A% E@% @EIG?D% \@?% ;PC=LGR% @?% EI;E% .% L;AA@E% >G;?A% \?@<%@EIG?Di%GgHG?=GALGD_%.A%EIG%GAPR%I@`GCG?R%.%;<%EIG%@AG%`I@%I;D%E@%\=AP%;A% ;AD`G?% E@% EIG<_% .% @,--#$% EM?A% E@% HI=>@D@HIN% @?% DL=GALG% \@?% ;A%;AD`G?%E@%`IGEIG?%@?%A@E%.%>@CG_%$I=D%=D%A@E%;%>=<=E;E=@A%@\%HI=>@D@HIN%@?% DL=GALG_% .E% =D% A@E% ;D% =\% @AG% P;N% `G% L@M>P% \=AP% ;A% ;AD`G?% E@% EIG%BMGDE=@A%`I;E% >@CG% =D% =A%HI=>@D@HIN%@?%DL=GALGR%QME%I;CG%A@E%P@AG% =E%NGE_% .E% =D%?;EIG?%;%?G<=APG?%;Q@ME%EIG% >;AJM;JG%@\% >@CG%;AP%;Q@ME%EIG%\;LE%EI;E%=E%=D%A@E%L>G;?%`I;E%=E%`@M>P%<G;A%\@?%HI=>@D@HIN%@?%DL=GALG%E@%;AD`G?%EIGDG%BMGDE=@AD_%%

!I;E%HI=>@D@HIN%@,-%P@R%I@`GCG?R%=D%E@%PGGHGA%@M?%MAPG?DE;AP=AJ%@\% `I;E% EIG% P=\\G?GAE% ;AD`G?D% .% <;N% J=CG%<=JIE% <G;A_%!I;E% L@M>P%L@MAE%;D%;A%;AD`G?%E@%<N%BMGDE=@AZ%!I;E%P=\\G?GALG%P@GD%J=C=AJ%@AG%@?%EIG%@EIG?%;AD`G?%<;SG%=A%<N%>=\GZ%!I;E%;EE=EMPGD%P@%<N%BMGDE=@AD%GgH?GDDZ% .A%`I;E%`;ND%<;N% .%PGLG=CG%<NDG>\%QN% >@@S=AJ%;E% EI=AJD% =A%@AG%`;N%@?%;A@EIG?Z%$I=D%=D%@AG%DGADG%=A%`I=LI%HI=>@D@HIN%L;A%QG%D;=P%E@%G>ML=P;EG% EIG%<G;A=AJ%@\% >@CGR%A@E%QN%GgH@D=AJ% EIG%?G\G?GAE%@\% EIG%`@?PR% QME% QN% L>;?=\N=AJ% EIG% P=\\G?GAE% <@CGD% ;C;=>;Q>G% E@% MD% \?@<%`=EI=A%EIG%>;AJM;JG%@\%>@CG_%.E%=DR%I@`GCG?R%7&R%@?%AR%EI;E%I;CG%E@%DHG;S%EI=D%>;AJM;JG_%OI=>@D@HIN%P@GD%A@E%>=CG%@M?%>=\G%\@?%MD_%%

";>E=AJ%;E%EI=D%H@=AE%H?@C=PGD%MD%`=EI%EIG%@HH@?EMA=EN%@\%<;?S=AJ%E`@% P=DE=ALE=@AD% QGE`GGA% BMGDE=@AD% @\% <G;A=AJ% ;AP% @EIG?% S=APD% @\%BMGDE=@AR%\=?DER%;J;=ADE%EIG%=PG;%EI;E%=E%=D%=A%;AN%`;N%H?GPGEG?<=AGP%=A%

6 # 0 & ! ( $ - ! 9 . + 6 # ' # 9 . : !

!

; = !

>;AJM;JG% `I;E% `G% <;N% D;NR% ;AP% DGL@APR% ;J;=ADE% EIG% =PG;% EI;E% `GR%@M?DG>CGDR%PGEG?<=AG%EIG%<G;A=AJ%@\%@M?%`@?PD_%

a7b%!=EI=A%L@AE=AGAE;>%HI=>@D@HIN%EIG?G%;?G%DE?;APD%@\%EI@MJIE%EI;E%I;?Q@M?% EIG% \G;?% EI;E% >;AJM;JGR% =A% C=?EMG% @\% QG=AJ% ;% L@ACGAE=@A;>%DNDEG<%@\%D=JADR%PGEG?<=AGD%EIG%<G;A=AJ%@M?%>=\G%DI@M>P%I;CG%\@?%MD_%)N%H?@C=P=AJ%MD%`=EI%EIG%L;EGJ@?=GD%`=EI%`I=LI%`G%<;SG%DGADG%@\%@M?%>=\GR%=E%H?GCGAED%MD%\?@<%<;S=AJ%;AN%@EIG?%DGADG%@\%=E_7F%.%EI=AS%EI=D%\G;?%?GDED%@A%CG?N%MALG?E;=A%J?@MAPD_% T=?DE% @\% ;>>R% =E% =D%A@E% L>G;?%`I;E%@AG%`;AED%E@%D;N%`=EI%;%JGAG?;>%DE;EG<GAER%DMLI%;D%V>;AJM;JG%PGEG?<=AGD%`I;E%`G% DI@M>P% D;N% @?% EI=ASX_% .% P@% A@E% GgL>MPG% EIG% H@DD=Q=>=EN% EI;E%EIG?G% <;N% QG% D=EM;E=@AD% =A% `I=LI% @AG% L@M>P% DMLLGGP% =A% J=C=AJ% EIG%DGAEGALG%;%<G;A=AJ\M>%MDGR%QNR%\@?%=ADE;ALGR%DHG;S=AJ%;Q@ME%>;AJM;JG%=A%;%CG?N%DHGL=\=L%DGADG%E@%PGA@EGR%D;NR%LG?E;=A%>=AJM=DE=L%H?;LE=LGD_%*AG%<;NR%\@?%=ADE;ALGR%EI=AS%EI;E%!=EEJGADEG=AiD%a7112b%P=DE=ALE=@A%QGE`GGA%VDM?\;LG%J?;<<;?X%;AP%VPGHEI%J?;<<;?X%aq%88mb%DI@`D%I@`%EIG%\@?<%@\% >;AJM;JG%<;N% >G;P% MD% E@% EI=AS% =A% H;?E=LM>;?%`;ND_% .E% H?@C=PGD% MD%`=EI%@AG%Gg;<H>G%@\%I@`%;%D=<=>;?=EN%=A%EIG%L@ADE?MLE=@A%@\%DGAEGALGD%<;N%<=D>G;P%MD%E@%L@AL>MPG%EI;E%EIG?G%=D%;%D=<=>;?=EN%=A%MDG_%WMDE%EI=AS%@\% EIG% L@AC=LE=@A% EI;E% .% ;>?G;PN% P=DLMDDGP% ;LL@?P=AJ% E@% `I=LI% EIG%BMGDE=@A%V!I;E%=DzX%;>`;ND%DG?CGD%EIG%D;<G%HM?H@DG%@\%>@@S=AJ%\@?%;%PG\=A=E=@A_%*AG%<;N%;>D@%L@<G%E@%?G;>=eG%I@`%LG?E;=A%MDGD%@\%>;AJM;JGR%LG?E;=A%PGDL?=HE=@AD%@\%@M?%D=EM;E=@A%EI;E%<;N%GCGA%GgEGAP%E@%;%`I@>G%LM>EM?GiD% DG>\4MAPG?DE;AP=AJR% ;?G% @HH?GDD=CGR% DMLI% ;D% DHG;S=AJ% ;Q@ME%IM<;A%QG=AJD% =A% EG?<D%@\% V?;LGDXR% @?% =APGGP%VP=\\G?GAE% LM>EM?GDXR% @?%P=DLMDD=AJ% I@<@DGgM;>% >@CG% =A% EG?<D% @\% ;A% =ALM?;Q>G% @?% LM?;Q>G%P=DG;DGR% @?% <@?G% <@PG?;EG>N% ;D% ;% Q=@>@J=L;>% @?% HDNLI@>@J=L;>%@?=GAE;E=@A%@?%P=DH@D=E=@A_%%

"@`GCG?R% EIGDG% ;?G% ;DHGLED% @\% @M?% >;AJM;JG% MDG% EI;E% L;A% QG%L?=E=L=eGP%\?@<%`=EI=A%@M?%>=AJM=DE=L%H?;LE=LGD_%$IGN%;?G%A@E%;DHGLED%@\%>;AJM;JG%;D%;%`I@>G_%.APGGPR%`G%<;N%;DS%\?@<%`I;E%H@=AE%`G%;?G%E@%L?=E=L=eG% EIGDG% ;DHGLED% @\% >;AJM;JGR% =\% ;>>% @\% >;AJM;JG% DI;?GD% EI=D%H?@Q>G<;E=L% \G;EM?GR% ;D% `G>>% ;D% \?@<% `I;E% H@=AE% @\% C=G`% EIG%HI=>@D@HIG?D% `I@% L?=E=L=eG% >;AJM;JG% =A% =ED% GAE=?GEN% \@?% QG=AJ%@HH?GDD=CG% E;SG% EIG<DG>CGD% E@% QG% DHG;S=AJ_% TM?EIG?<@?GR% DHG;S=AJ%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%7F%.E%;HHG;?D%EI;E%;%D=<=>;?%EI@MJIE%=D%GgH?GDDGP%=A%EIG%I@HGD%`=EI=A%D@<G%Q?;ALIGD%@\%;A;>NE=L% HI=>@D@HIN% EI;E% L@ALGHEM;>% ;A;>ND=D% L@M>P% ?GCG;>% EIG% MAPG?>N=AJ% >@J=L% a@?%H?=AL=H>GDR%@?%L@AP=E=@ADb%@\% >;AJM;JG%;AP% EIG?GQN%DMHH>N%@AG%`=EI%?M>GD% \@?%L@??GLE%>;AJM;JG%MDG_%*A>N%EIG%A@E=@A%EI;E%@AG%L@M>P%?GJM>;EG%>;AJM;JG%=A%EI=D%`;N%P@GD%A@E%;HHG;?% E@% \=>>% EIGDG% HI=>@D@HIG?D% `=EI% EIG% MAG;DG% GgHG?=GALGP% QN% EIG=?% L@AE=AGAE;>%L@MAEG?H;?ED_%%%

+ $ % * # - 7 " % + # $ !

!

; H !

;Q@ME% V>;AJM;JG% ;D% ;%`I@>GXR% @?% ;D% ;% L>@DGP% DNDEG<% EI;E% I;D% H@`G?%@CG?%=E%DHG;SG?DR%H?GDMHH@DGD%EI;E%@AG%<;N%J=CG%;%JGAG?;>%PGDL?=HE=@A%@\% EIG% LI;?;LEG?% @\% >;AJM;JG_% a*?% EIGA% EIG% D;N=AJ% =D% ^MDE%<G;AE% ;D% ;%<@?G%@?%>GDD%H@GE=L%GgH?GDD=@A%@\%;A%Gg=DEGAE=;>%GgHG?=GALG_b%%%%%%%

a6b%$IG%GgHG?=GALG%EI;E%`I;E%`G%D;N%=D%PGEG?<=AGP%QN%EIG%>;AJM;JG%`G%DHG;S%DGG<D%E@%QG%;%?G;LE=@A%E@%EIG%?GL@JA=E=@A%EI;E%`G%;?G%A@E%EIG%@AGD%E@%PGL=PG%`I;E%@M?%`@?PD%DI@M>P%<G;A_%!IG?G%@AG%J@GD%`?@AJR%I@`GCG?R% =D% =A%EI=AS=AJ%EI;E%EI=D%<G;AD%EI;E%D@<GQ@PN%@?%D@<GEI=AJ%G>DG% PGEG?<=AGD% EIG% <G;A=AJR% `IGA% =E% `@M>P% QG% QGEEG?% E@% D;N% EI;E%BMGDE=@AD%@\%<G;A=AJ%;?G%A@E%DGEE>GP%QN%;%PGL=D=@AR%@?%QN%;%L@ACGAE=@A_%.% G;?>=G?% ?G<;?SGP% MH@A% EIG% HG?D@A;>% LI;?;LEG?% @\% EIG% BMGDE=@AD% @\%`I;E%H>;LG%.%;<%`=>>=AJR%H?GH;?GP%;AP%;Q>G%E@%J=CG%E@%>@CG%=A%<N%>=\G_%.%;<R%;D%=E%`G?GR%?GDH@AD=Q>G%\@?%J=C=AJ%;A%;AD`G?%E@%EIGDG%BMGDE=@AD%=A%;LL@?P;ALG% `=EI% I@`% .% >=CGR% ;AP% \@?% >=C=AJ% =A% ;LL@?P;ALG% `=EI% EIG%;AD`G?D%EI;E%.%J=CG_%$IG%HG?D@A;>%P=<GAD=@A%IG?GR%I@`GCG?R%P@GD%A@E%GgEGAP%H;DE%<N% ?GDH@AD=Q=>=EN% \@?% EIG% ;AD`G?D% .% D=ALG?G>N%`;AE% E@%@?%;<% ;Q>G% E@% J=CG_% #>EI@MJI% .% ;<% EIG% @AG% `I@% I;D% E@% ;AD`G?% EIGDG%BMGDE=@ADR%.%;<%A@E%\?GG%E@%PGL=PG%`I;E%L@M>P%L@ADE=EMEG%;A%;AD`G?%E@%EIG%BMGDE=@AD%.%;<%H@D=AJ_%.\%`G%EI=AS%;Q@ME%=E%=A%EI;E%`;N%`G%;?G%Q;LS%`=EI% EIG% =PG;% EI;E% >;AJM;JG% =D% D@<GEI=AJ% H?=C;EG% ;AP% EI;E% A% J=CG%<G;A=AJ%E@% >;AJM;JG_%jGER% EIG%BMGDE=@A%`IGEIG?%D@<GEI=AJ%=D% >@CG%=D%A@E%@A>N%;%BMGDE=@A%;Q@ME%`I;E% .%LI@@DG% E@%L;>>% >@CG_% .E% =D%;%BMGDE=@A%;Q@ME% `I;E% .R% @?% ;AN@AGR% L;A% =AEG>>=J=Q>N% MAPG?DE;AP% ;D% >@CGR% ;AP%;Q@ME% I@`% LG?E;=A% `;ND% @\% E;>S=AJ% ;Q@ME% >@CG% L;A% QG% DGGA% ;D%<G;A=AJ\M>%@?%A@E_%%

.%L;AA@ER%;D%=E%`G?GR%PGL=PG%`IGEIG?%D@<GEI=AJ%=D%@?%=D%A@E%>@CG%QN%<;S=AJ%;%DE=HM>;E=@A_%KN%\;>>=AJ%=A%>@CG%`=EI%D@<G@AG%@EIG?%EI;A%<N%`=\G%P@GD%A@E%QGL@<G%>GDD%@\%;%H?@Q>G<%=A%@M?%<;??=;JG%^MDE%QGL;MDG%.%P=P% A@E% =AEGAP% E@% P@% =ER% @?%`@M>P%`=DI% EI;E% =E% P=P% A@E% I;CG% ;D% P=?G%L@ADGBMGALGD%;D%=E%P=P_%TM?EIG?<@?GR%=\%.%LIG;E%@A%<N%`=\GR%QME%=AD=DE%EI;E% DIG% DI@M>P% A@E% \GG>% IM?E% QGL;MDG% .% P=P% A@E% <G;A% E@% IM?E% IG?R%;>EI@MJI%.%;J?GG%EI;E%LIG;E=AJ%=D%;%IM?E\M>%EI=AJ%E@%P@R%.%;<%E;S=AJ%<N%`@?PD% =A%;%P=?GLE=@A% =A%`I=LI% =E% =D%A@% >@AJG?% L>G;?% EI;E% .% ;<%<;S=AJ%;AN%DGADG_%lG\>GLE=AJ%@A%<G;A=AJR% EIG?G\@?GR% =D%;%<;EEG?%@\% ?G\>GLE=AJ%@A% `I;E% .% L@M>P% H#554?8)% D;NR% ;AP% \M?EIG?% ;% <;EEG?% @\% ?GDH@AD=Q>N%E;S=AJ%@A%EIG%BMGDE=@A%@\%`I;E%.%7,-$%E@%D;N_%%

6 # 0 & ! ( $ - ! 9 . + 6 # ' # 9 . : !

!

; @ !

0!9&*'#$(6!O7&'%+#$'!($-!2(%%&*'!#A!9&*'#$(6+%:!

$I=D%?G>;EGD%E@%EIG%DGL@AP%BMGDE=@A%.%`;AE%E@%?;=DG%;Q@ME%EIG%`;N%.%;<%HG?D@A;>>N% =AC@>CGP% =A% >@CG_% .A% @EIG?% `@?PDR% =A% `I;E% `;ND% L;A% <N%HI=>@D@HIN%@\%>@CG%QG%DGGA%;D%GgH?GDD=CG%@\%<N%@`A%EI@MJIED%@A%EIG%<;EEG?Z% .% `;AE% E@% QGJ=A% >@@S=AJ% ;E% EI=D% BMGDE=@A% QN% L@AD=PG?=AJ% ;%BM@EG%\?@<%/=<@AG%!G=>%a7122b_%.A%EIG%GDD;N%V"M<;A%OG?D@A;>=ENX%DIG%`?=EGD0%

.\% ;% LI=>P% =D%P@=AJ%;% DM<%;AP%P@GD% =E%`?@AJR% EIG%<=DE;SG%QG;?D%EIG%DE;<H%@\%I=D%HG?D@A;>=EN_%.\%IG%P@GD%EIG%DM<%Gg;LE>N%?=JIER%I=D%HG?D@A;>=EN%P@GD%A@E%GAEG?%=AE@%=E%;E%;>>_%OG?\GLE=@A% =D% =<HG?D@A;>_% *M?% HG?D@A;>=EN% =D% EIG% H;?E% @\% MD%

`I=LI%QG>@AJD%E@%G??@?%;AP%D=A_%a!G=>%7122R%c73b%

$IG%E@AG%=A%!G=>iD%Gg;<H>G%=D%<G?L=>GDDR%;AP%`G%<;N%`G>>%;DS%`IGEIG?%=APGGP%`G% ;>`;ND%AGGP% E@% >@@S% ;E%`I;E% =D% HG?D@A;>% ;D% G??@AG@MD% @?%D=A\M>_%,GCG?EIG>GDDR%`G%I;CG%E@%MAPG?DE;AP%EI=D%L@<<GAER%;J;=ADE%EIG%Q;LSJ?@MAP%@\% EIG%P=DE=ALE=@A% DIG%<;SGD% QGE`GGA% D@<G@AGiD% HG?D@A%@?%HG?D@A;>=EN%;AP%D@<G@AG%;D%;%IM<;A%QG=AJ_%:@<H;?GR%\@?%=ADE;ALGR%EI=D%DE;EG<GAE%`=EI%EIG%=AE?@PMLE@?N%?G<;?SD%@\%IG?%GDD;N0%%

xj@M%P@%A@E%=AEG?GDE%<G_i%,@%<;A%L;A%D;N%EIGDG%`@?PD%E@%;A@EIG?%`=EI@ME%L@<<=EE=AJ%;%L?MG>EN%;AP%@\\GAP=AJ%;J;=ADE%^MDE=LG_%%xj@M?%HG?D@A%P@GD%A@E% =AEG?GDE%<G_i%$IGDG%`@?PD%L;A%QG%MDGP%

=A% ;A% ;\\GLE=@A;EG% L@ACG?D;E=@A% QGE`GGA% L>@DG% \?=GAPDR% `=EI@ME%^;??=AJ%MH@A%GCGA%EIG%EGAPG?GDE%AG?CG%@\%EIG=?%\?=GAPDI=H_%a!G=>%7122R%c7cb_%

)N%D;N=AJ%EI=DR%!G=>%=D%L?=E=L=e=AJ%<@PG?A%;EEG<HED%E@%=PGAE=\N%IM<;A%QG=AJD% `=EI% EIG=?% HG?D@A;>=E=GD_% $I=D% =D% Q@MAP% MH%`=EI% IG?% EI=AS=AJ%EI;E%EIG?G%=D%D@<GEI=AJ%D;L?GP%=A%;A@EIG?%IM<;A%QG=AJ%`I=LI%L;AA@E%QG%?GPMLGP%E@%I=D%@?%IG?%HG?D@A;>%E?;=ED_%.E%=D%I=<%@?%IG?R%VA@%<@?G%;AP%A@% >GDDX% a!G=>% 7122R% c7mb_% #% D=<=>;?% A@E=@A% `=>>% QG% L?ML=;>% \@?% EIG%P=DLMDD=@A% EI;E% \@>>@`D% =A% H;?E% E`@_% !=EI% !G=>% ;AP% `=EI% @EIG?%HI=>@D@HIG?DR% .% ;?JMG% EI;E% `G% >G;CG% @ME% ;A% =<H@?E;AE% P=<GAD=@A% @\%IM<;A% >=\G% =\%`G% EI=AS% EI;E% =E% =D%H@DD=Q>G% E@% ?GPMLG%IM<;A%QG=AJD% E@%D@<G%\G;EM?GD%@\%EIG=?%HG?D@A;>=EN_%.E% =D%;%\;=>M?G%Q@EI%=A%@M?%HG?D@A;>%>=\G% `=EI% @EIG?% HG@H>G% ;AP% =A% @M?% EI=AS=AJ% ;Q@ME% >@CG% ;AP% <@?;>%HI=>@D@HIN% E@% L@ALG=CG% @\% EIG% Q@AP% @\% >@CG% ;D% ;% Q@AP% QGE`GGA%

+ $ % * # - 7 " % + # $ !

!

D G !

HG?D@A;>=E=GDR% ;AP%A@E%;D%;%<GGE=AJ%QGE`GGA% E`@%IM<;A%QG=AJD%`I@%L;AA@E%QG%L@AE;=AGP%=A%D@<G%I=DE@?=L;>%@?%HDNLI@>@J=L;>%\;LED_77%

/=<@AG%!G=>% ;HH?@;LIGP% EIGDG%<;EEG?D% \?@<% ;% ?G>=J=@MD% H@=AE% @\%C=G`R% DHG;S=AJR% \@?% =ADE;ALGR% ;Q@ME% @M?% GEG?A;>% @Q>=J;E=@AD% E@`;?PD%@EIG?%HG@H>G_%!IGEIG?%`G% L@<H>GEG>N% ;J?GG%`=EI% EI=D%HG?DHGLE=CG%@?%A@ER%=E%;HHG;?D%?=JIE%E@%D;N%EI;E%QN%>;N=AJ%P@`A%L@AP=E=@AD%\@?%`I;E%=E%<G;AD% E@%QG%;%HG?D@AR%`G% \;=>% E@% L;HEM?G% EIG%MAL@AP=E=@A;>% LI;?;LEG?%EI;E% DGG=AJ% D@<G@AG% ;D% ;% IM<;A% QG=AJR% @?% >@C=AJ% ;A@EIG?% IM<;A%QG=AJR%<;N%I;CG%=A%@M?% >=\G_% .E%J=CGD% EIG%L@ALGHE%@\%;%IM<;A%QG=AJ%;%(&8,$43&% LI;?;LEG?R% <;S=AJ% =E% PGHGAPGAE% @A% LG?E;=A% \G;EM?GD% @\% EIG%HG?D@AR% `IG?G;D% /=<@AG% !G=>% =AE?@PMLGP% EIG% IM<;A% QG=AJ% ;D% ;A%,?5#80$&% >=<=E% E@% @M?% EI=AS=AJ% ;AP% QG=AJ_% $I=D% ;QD@>MEG% P=<GAD=@A% @\%!G=>iD% EI=AS=AJ% =D% =<H@?E;AE% \@?% MAPG?DE;AP=AJ% =A% `I;E% `;ND% DIG%EI=ASD% EIG%LI=>PiD%<=DE;SG%QG;?D% EIG% DE;<H%@\%I=D%HG?D@A;>=EN_% .E%<;N%;>D@%IG>H%=A%L>;?=\N=AJ%`I;E%=E%<;N%<G;A%E@%QG%E?MG%E@%@AGiD%`@?PD%;AP%EIG%`;ND%=A%`I=LI%=E%=D%A@E%MH%E@%<G%E@%PGEG?<=AG%`I;E%>@CG%=D_%%

$I=AS%\=?DE%@\%EIG%Q@N%P@=AJ%<;EIG<;E=LD_%.E%=D%G;DN%E@%L@ALG=CG%I@`%D@<G%;DHGLED%@\%I=D%HG?D@A;>=ENR% DMLI%;D%;% >;LS%@\%L@ALGAE?;E=@AR%@?%;%>;LS%@\%MAPG?DE;AP=AJ%@\%EIG%H?@Q>G<%<;N%L@<G%E@%DE;AP%QGE`GGA%I=<%;AP% EIG% E;DS% ;E% I;AP_% "G% <;N% I;CG% <=DMAPG?DE@@P% EIG% H?@Q>G<R%EI=AS=AJ% EI;E% =E% `;D% D=<=>;?% E@% EIG% H?GC=@MD% @AGR% ;APR% EIG?G\@?GR%;HH>=GP% EIG% `?@AJ% ?M>G% =A% D@>C=AJ% =E_% .A% ?GDHGLE% E@% EIG% E;DS% @\%HI=>@D@HI=e=AJR%.%<;N%D@<GE=<GD%;>D@%AGGP%E@%`@?S%;J;=ADE%;DHGLED%@\%<N% HG?D@A;>=EN% EI;E% H?GCGAE% <G% \?@<% J;=A=AJ% ;% L>G;?% C=G`% @\% I@`%LG?E;=A%`@?PD%;?G%MDGP_%.%<;N%AGGP%E@%`@?S%H;DE%`I;E%<N%I=DE@?N%;AP%HDNLI@>@JN%<;SG%<G%=AL>=AGP%E@%D;N%D=ALG%EI;E%<;N%?GCG;>%D=JA=\=L;AE%PG>MD=@AD%=A%<G_%.E%<;N%D@MAP%>=SG%;%D=<H>G%H@=AE%=APGGPR%QME%@AG%@\%EIG%<@DE%=<H@?E;AE%>GDD@AD%.%I;CG%>G;?AGP%=A%EIG%DEMPN%@\%HI=>@D@HIN%=D%EI;E%EIG%\=?DE%EI=AJ%`G%<;N%QG%=AL>=AGP%E@%D;N%=A%;%<;EEG?R%=D%@\EGA%A@E%`I;E%`G%`;AE%E@%D;N%@A%L>@DG?%?G\>GLE=@A_%$I=D% =D%@AG%`;N%@\%?G;P=AJ%!=EEJGADEG=AiD%a7113b%?G<;?S%EI;E%Vv`w@?S%@A%HI=>@D@HIN%vzw%=D%?G;>>N%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%77%$IG%\;=>M?G%E@%;HH?GL=;EG%EI=D%=D%;HH;?GAE%=A%<MLI%@\%E@P;NiD%;HH>=GP%HI=>@D@HINR%@?%;HH>=GP% @?% H?;LE=L;>% GEI=LD_% .E% =D% JGAG?;>>N% QG>=GCGP% EI;E% EIG% <@?;>% H?@Q>G<% >=GD% =A%L;HEM?=AJ%`I;E%<;SGD%;%HG?D@AR%`I;E%L;H;L=E=GD%;?G%AGGPGP%\@?%D@<G@AG%E@%BM;>=\N%\@?%HG?D@AI@@P% $IMD% @AG% DE;?ED% `=EI% EIG% ?G;>=e;E=@A% EI;E% `G% ;EE?=QMEG% LG?E;=A% ?=JIED% E@%HG?D@ADR%;AP%L@AE=AMGD%QN%;DS=AJ%`IGEIG?%P=\\G?GAE%J?@MHD%@\%QG=AJDR%DMLI%;D%;A=<;>DR%\@GEMDGD%@?%=A\;AEDR%@?%J?;CG>N%I;AP=L;HHGP%HG@H>G%;>D@%BM;>=\N%;D%HG?D@AD%;AP%EIMD%;D%>GJ=E=<;EG%QG;?G?D%@\%DMLI%?=JIED_%/GG%G_J_%<@DE%@\%OGEG?%/=AJG?iD%`?=E=AJDR%;AP%C;?=@MD%;?E=L>GD%@A%;Q@?E=@A%@?%GMEI;A;D=;R%DMLI%;D%WMP=EI%W;?C=D%$I@<HD@A%a7127b%;AP%K=LI;G>%$@@>GN% a713cb_%*AG%L;A%@A>N% =<;J=AG%I@`%<MLI%/=<@AG%!G=>%`@M>P%I;CG%;QI@??GP%IG;?=AJ%EIGDG%S=APD%@\%;?JM<GAED_%%

6 # 0 & ! ( $ - ! 9 . + 6 # ' # 9 . : !

!

D ; !

<@?G%`@?S% @A% @AGDG>\_% *A% @AGrD% @`A% L@ALGHE=@A_% *A% I@`% @AG% DGGD%EI=AJD_%a#AP%`I;E%@AG%GgHGLED%@\%EIG<bX%a6mb_%.A%EI=D%DGADG%=E%<;N%;>D@%QG% D;=P% EI;E% HI=>@D@HI=L;>% H?@Q>G<D% ;?G% ;>`;ND% HG?D@A;>% H?@Q>G<D_%$IG%L@A\MD=@AD%`G%AGGP%E@%`@?S%`=EI%;?G%=A%EIG%\=?DE%H>;LG%@M?%@`AR%;AP%@A>N%=A%EIG%DGL@AP%H>;LGR%=\%;E%;>>R%EI@DG%@\%@EIG?%HG@H>G_%%

&<HI;D=e=AJ% EIG% AGGP% E@% `@?S% @A% @M?% HG?D@A;>% L@A\MD=@AD% ;>D@%DI@`D%`IN%P=DLMDD=@A%;AP%P=;>@JMG%;?G%D@%=<H@?E;AE%=A%HI=>@D@HIN_%.%<;N%EM?A%E@%N@M%=A%@?PG?%E@%QGL@<G%L>G;?%;Q@ME%<N%@`A%EI=AS=AJ_%)N%DGG=AJ%=A%`I;E%`;ND%N@M%;AP%@EIG?D%;J?GG%`=EI%<GR%@?%`@M>P%D;N%EIG%D;<GR% ;AP% =A%`I=LI% ?GDHGLED% EIG?G% ;?G%Q>=AP% DH@ED% =A%`I;E% .%`;AE% E@%D;NR% EIG% L@AE=AM=AJ% L@ACG?D;E=@A% H?@C=PGD% ?@@<% \@?% EI=AS=AJ% EI=AJD%EI?@MJI_%)N%DGG=AJ%I@`%\;?%LG?E;=A%DE?;APD%@\%EI@MJIE%L;A%QG%HM?DMGPR%`I;E% P=\\G?GAE% EI@MJIED% =<H>N% ;AP% D@% @AR% `G% ?G;LI% ;% PGGHG?%MAPG?DE;AP=AJ%@\%EIG%BMGDE=@A%;E%I;AP_%/;N=AJ%EI;E%.%DI@M>P%A@E%>GE%<N%HG?D@A;>% L@AC=LE=@AD% L@<G% =AE@%HI=>@D@HIN%<;N% =A% EI=D%<;AAG?%QG%;%`;N%@\%D;N=AJ%EI;E%.%DI@M>P%A@E%>GE%LG?E;=A%EGAPGAL=GD%?M>G%<N%EI=AS=AJ%@A%D@<G%<;EEG?_%.%DI@M>P%A@E%<;SG%I;DEN%^MPJG<GAEDR%QME%DGG%7%,$!$%&!20&5$4#-! 45! $(08)! ,?#0$_% .A% EI;E% DGADGR% HI=>@D@HIN% =D% A@E% ;% <;EEG?% @\%C@=L=AJ% @H=A=@AD_% :@<=AJ% E@% DGG% `I;E% ;% BMGDE=@A% `;D% E?M>N% ;Q@ME%<G;AD% ?GL@JA=e=AJ% EI=D% ;D% D@<GEI=AJ% EI;E% =D% A@E% PGHGAPGAE% @A% <G_%!I;E%.%L;A%=AEG>>=J=Q>N%D;N%=A%;%<;EEG?%=D%A@E%?G>;E=CG%E@%`I;E%.%QG>=GCG%.%`;AE%E@%D;N_%l;EIG?%=E%<;N%QG%D;=P%E@%L@ADE=EMEG%;%84'4$!$#!')!$%4-C4-+_%%

"@`GCG?R%EI=D%P@GD%A@E%<G;A%EI;E%.%;<%@A>N%HG?D@A;>>N%=AC@>CGP%=A%<N%EI@MJIED%=A%D@%\;?%;D%EIGN%;?G%L>@MPGP%@?%\>;`GP_%.\%`G%;J;=A%EM?A%E@%EIG%Q@N%P@=AJ%;%DM<R%=E%D@MAPD%I;?DI%E@%D;N%EI;E%%&%=A%A@%`;N%L@<GD%=AE@% P@=AJ% =E% ?=JIE_% .E% =D% E?MG% EI;E% EIG?G% =D% A@EI=AJ% =A% I=D% HG?D@A% @?%HG?D@A;>=EN% EI;E% PGEG?<=AGD% `IGEIG?% EIG% L;>LM>;E=@A% =D% L@??GLE_% $I;E%EIG% ;AD`G?% =D% L@??GLE% =D% ;A% ;DHGLE% @\% <;EIG<;E=LD% ;AP% A@E% @\% I=<%\=AP=AJ%=E_%jGER%IG%H>;ND%;%?@>G%=A%D@>C=AJ%EIG%HMee>G%=A%C;?=@MD%`;ND_%.E%=D% IG% `I@% L@ALGAE?;EGD% @A% EIG% ;DD=JA<GAER% IG% `I@% >=DEGAD% E@% I=D%EG;LIG?R%;HH>=GD%EIG%L@??GLE%?M>G%;AP%L;?G\M>>N%P@GD%EIG%@HG?;E=@AD_%.E%=D%IG%`I@%\=A;>>N%DMLLGGPD%=A%JGEE=AJ%EIG%L;>LM>;E=@A%?=JIE_%/;N=AJ%EI;E%IG%P@GD%A@E% GAEG?% =AE@% =E% QGL;MDG%IG%P@GD%A@E%PGEG?<=AG%`I;E% EIG% ?=JIE%;AD`G?% =DR% =JA@?GD%`I;E% =E%<;N%<G;A% E@%P@% D@<GEI=AJ% ?=JIE_% .E% P@GD%A@E% ;LSA@`>GPJG% EI;E%`G%I@>P%HG@H>G% ?GDH@AD=Q>G%A@E% @A>N% \@?% EIG=?%DI@?EL@<=AJDR% QME% ;>D@% \@?% I@`% `G>>% EIGN% DMLLGGP% =A% ;% <;EEG?_%TM?EIG?<@?GR%`G% L@M>P% D;N% EI;E% IG% @A>N% JGED% EIG% DM<% ?=JIE%7%&-% IG%MAPG?DE;APD% EI;E% =E% =D% ?=JIE% ;AP% =D% ;Q>G% E@% L@AE=AMG% D@>C=AJ% D=<=>;?%E;DSDR% ;AP% A@E%`IGA% IG% @A>N% P@GD%`I;E% IG% =D% E@>PR% @?% E?=GD% E@% JMGDD%`I;E%EIG%EG;LIG?%`@M>P%;LLGHE_%%

+ $ % * # - 7 " % + # $ !

!

D D !

$I=D%;>D@%I@>PD%E?MG%\@?%`I;E%.%L@<G%E@%D;N%=A%HI=>@D@HIN_%*A%EIG%@AG% I;APR% =E% =D% H@DD=Q>G% \@?% <G% E@% G>GC;EG% <N% @`A% EI@MJIED_% .% L;A%G<HI;D=eG% EI;E% =E% `;D% VAK% `I@% EI@MJIE% @\% D@<GEI=AJR% @?% EI;E% EIGN%`G?G% V')K% EI@MJIED_% $I=D%<;N% =A%<;AN%`;ND% QG% ;% PMQ=@MD%<;EEG?_%"@`GCG?R% EIG?G% ;?G% @EIG?% D=EM;E=@AD% =A% `I=LI% =E% =D% >GDD% L>G;?% EI;E%G<HI;D=e=AJ% EIG% HG?D@A;>% ;DHGLE% @\% @AGiD% EI=AS=AJ% L@ADE=EMEGD% ;%`?@AJ_% $I=D% =D% EIG% DGADG% =A% `I=LI% .% ;<% ?GDH@AD=Q>G% \@?% `I;E% .% ;<%D;N=AJR%QN%L@AD=PG?=AJ%`I;E%.%?G;>>N%`;AE%E@%D;NR%;AP%`IGA%.%L@<G%E@%EI=DR%DE;AP%\@?%`I;E%.%QG>=GCG_%$I=D%;PP?GDDGD%;%DGL@AP%DGADG%=A%`I=LI%HI=>@D@HI=L;>% H?@Q>G<D% L;A% QG% D;=P% E@% QG% HG?D@A;>R% =A% EI;E% EIGN% ;?G%P=?GLEGP% ;E% MD% ;D% HG?D@AD_% $IG% ?G\>GLE=@A% @A% @M?% MDG% @\% >;AJM;JG% =A%HI=>@D@HIN%=D%=A%EI;E%`;N%;%L;>>%E@%?G\>GLER%=A%CG?N%H;?E=LM>;?%`;NDR%@A%@M?%@`A%MDGD%@\%`@?PD%;D%=AP=C=PM;>%DHG;SG?D%@\%@M?%>;AJM;JG_%!I;E%P@%.%DGG%;D%H@DD=Q>G%MDGD%@\%@M?%`@?PDR%QGI=AP%`I;E%MDGD%P@%.%DE;AP%=A%;EEG<HE=AJ% E@% <;SG% DGADG% @\% @M?% >=\GR% `I=LI% =D% ;>D@% <=AGZ% .A%HI=>@D@HINR%;D%=A%@M?%HG?D@A;>%>=\GR%EIGAR%`G%;?G%\;LGP%`=EI%;%PG<;AP%\@?% D=ALG?=ENR% ;DS=AJ% `IGEIG?% `G% ?G;>>N% <G;A% `I;E% `G% D;N_% .A% EIG%P=DLMDD=@AD%E@%\@>>@`%=A%EI=D%`@?SR%.%`=>>%;>D@%G<HI;D=eG%EI;E%=E%=D%@A>N%QN% >=C=AJ%MH% E@% EI=D%PG<;APR%QN%@M?%<G;A=AJ%`I;E%`G%D;NR% EI;E%@M?%>;AJM;JG%I;D%;AN%<G;A=AJ_%%

$I=D% ;DHGLE% ;>D@% Q?=AJD% @ME% ;A% =<H@?E;AE% P=\\G?GALG% QGE`GGA%HI=>@D@HI=e=AJ%;Q@ME%>@CG%;AP%P@=AJ%<;EIG<;E=LD_%#>EI@MJI%EIG%E?MEI%@\%<;EIG<;E=L;>%H?@H@D=E=@AD%;>D@%PGHGAPD%MH@A%<;EIG<;E=LD%I;C=AJ%;% H>;LG% =A% @M?% >=\Gp@M?% P@=AJ% EI=AJD% `=EI% =EpEIG?G% ;?G% DGEE>GP%DE;AP;?PD% \@?% ^MPJ=AJ% `IGEIG?% D@<GEI=AJ% =D% ?=JIE% @?% `?@AJ% =A%<;EIG<;E=LD_%!IGA% =E% L@<GD% E@% >@CGR%I@`GCG?R% EIG%BMGDE=@A%@\%`I;E%`G%L;A%<G;A=AJ\M>>N%MAPG?DE;AP%;D%>@CG%=D%GgH?GDD=CG%@\%7%#!7&!,(&%=A%@EIG?% `;ND_% T=?DER% EIG% BMGDE=@A% ;Q@ME% I@`% \;?% .% L;A% DE?GELI% <N%MAPG?DE;AP=AJ% @\% P=\\G?GAE% ?G>;E=@ADI=HD% ;AP% \@?% `I=LI% PGDL?=HE=@AD%;AP% GgH?GDD=@AD% @\% >@CG% .% ;<% H?@AG% ?GCG;>D% D@<GEI=AJ% ;Q@ME%`I@% .%;<_%TM?EIG?<@?GR%<N%HI=>@D@HI=L;>%=ACGDE=J;E=@AD%;?G%HG?D@A;>%=A%EIG%L@<H;?=D@AD%.%LI@@DGR%EIG%Gg;<H>GD%.%\=AP%=>>M<=A;E=AJR%EIG%G<HI;DGD%.%<;SGR%;AP%EIG%DH=?=E%=A%`I=LI%.%`?=EG_%!I;E%H>;LGR%D;NR%;<%.%H?GH;?GP%E@%J=CG%E@%\;=>M?GD%=A%>@CGZ%.A%EI=D%<;AAG?R%HI=>@D@HI=e=AJ%;Q@ME%>@CG%L;A%QG%DGGA%;D%;%<@?;>%;LE=C=EN0%=E%EG>>D%MD%D@<GEI=AJ%;Q@ME%`I;E%H>;LG%`GR%;D%HI=>@D@HIG?DR%;?G%?G;PN%;AP%;Q>G%E@%J=CG%E@%>@CG%=A%@M?%@`A%>=\G_%lGL@JA=e=AJ%D@<GEI=AJ%;D%;%<G;A=AJ\M>%PGDL?=HE=@A%@\% >@CG% =AC@>CGD%?GL@JA=e=AJ% EIG% PG<;APD% EI;E% ;?G% <;PG% @A% MD% =A% EIG% >=JIE% @\% EI=D%L@ALGHE_%%

6 # 0 & ! ( $ - ! 9 . + 6 # ' # 9 . : !

!

D < !

0+!%.&!2#*(6!-+2&$'+#$!#A!9.+6#'#9.:!

/=<@AG%!G=>%`;?AGP%MD% ;J;=ADE% ?GPML=AJ%IM<;A%QG=AJD% E@%HG?D@A;>%LI;?;LEG?=DE=LD_%.A%;%D=<=>;?%<;AAG?%.%I;CG%;?JMGP%EI;E%`G%DI@M>P%A@E%?GPMLG%BMGDE=@AD%@\%HI=>@D@HIN%E@%HG?D@A;>%@H=A=@ADR%@?%H?@PMLED%@\%;%HG?D@AiD%I=DE@?N%@?%HDNLI@>@JN_%$I=D%L@M>P%;>D@%QG%DGGA%=A%L@AAGLE=@A%E@%`I;E%D@<G%HI=>@D@HIG?D%I;CG%DH@SGA%@\%;D%EIG%<@?;>%P=<GAD=@A%@\%!=EEJGADEG=AiD%`?=E=AJ_%a/GG%G_J_%Y=;<@AP%7117G_b%+APG?>N=AJ%<MLI%@\%I=D%HI=>@D@HIN%;HHG;?D%E@%QG%;%EI@MJIE%EI;E%EIG%`;N%=A%`I=LI%`G%>@@S%;E%HI=>@D@HINR%;AP%;E%`I;E%HI=>@D@HIN%L;A%@?%DI@M>P%P@R%=D%GgH?GDD=CG%@\%;A%;EE=EMPG%E@`;?PD%>=\G_%.A%I=D%L?=E=L=D<%;J;=ADE%;%<GE;HIND=L;>%MDG%@\%>;AJM;JGR%EIG?G%=D%;%DMDH=L=@A%EI;E%=A%P@=AJ%<GE;HIND=LDR%=A%E?N=AJ%E@%\=E%EIG%`@?>P%=AE@%;%DNDEG<R%@?%?GPML=AJ%>;AJM;JG%E@%@AG%J?;DH;Q>G%EI=AJR%`G%;?G%GgG?L=e=AJ%@M?%`=>>%@A%EIG%`@?>P%=A%;A%=<H?@HG?%<;AAG?_%!G%;?GR%;D%=E%`G?GR%E?N=AJ%E@%L@AE?@>%=ER%QN%EM?A=AJ%=E%=AE@%;%EI=AJ%EI;E%`G%L;A%PG\=AG_%TM?EIG?<@?GR%IG%;EEG<HEGP%E@%@HGA%@M?%GNGD%\@?%I@`R%`IGA% P@=AJ% HI=>@D@HINR% `G% ;?G% @\EGA% =A% EIG% J?=H% @\% EI=D% S=AP% @\%<GE;HIND=LD_% !G% \@?LG% @M?% =ACGDE=J;E=@A% =A% ;% DHGL=\=L% P=?GLE=@A%;LL@?P=AJ%E@%@M?%@`A%H?GL@ALGHE=@AD%@\%EIG%BMGDE=@AD%`G%;?G%\;L=AJ_%%

!G%<;N% ;>D@% ?G;P%!=EEJGADEG=AiD% ?G<;?S% EI;E% HI=>@D@HIN% V>G;CGD%GCG?NEI=AJ% ;D% =E% =DX% =A% EIG% >=JIE% @\% EIGDG% C;=A% ;EEG<HED% E@% <;SG% EIG%`@?>P%L@A\@?<%E@%@M?%`=>>%a!=EEJGADEG=A%7112R%q%76mb_%,@`R%=E% =D%`G>>%`@?EI%P=DLMDD=AJ%Gg;LE>N%I@`%`G%DI@M>P%MAPG?DE;AP%EI=D%?G<;?S_%T@?%@AG% EI=AJR% =E% =D%L>G;?% EI;E%A@E%GCG?NEI=AJ%?G<;=AD%;D% =E% =D%`IGA%P@=AJ%HI=>@D@HINn% =A% <@DE% L;DGDR% EIG% `;ND% EIG% HI=>@D@HIG?% L@<GD% E@% DGG%EI=AJD%;AP%I=D%@?%IG?%@`A%EI=AS=AJ%LI;AJGD_%$I=D%EI@MJIER%@\%L@M?DGR%=D%;>D@%GgH?GDDGP%=A%;A@EIG?%@\%!=EEJGADEG=AiD%?G<;?SDR%`I=LI% .%;>?G;PN%<GAE=@AGPR% EI;E% Vv`w@?S% @A% HI=>@D@HIN% vzw% =D% ?G;>>N%<@?G%`@?S% @A%@AGDG>\X_%jGER%.%`@M>P%;J?GG%`=EI%!=EEJGADEG=A%EI;E%HI=>@D@HIN%>G;CGD%GCG?NEI=AJ% ;D% =E% =D% =A% EIG% DGADG% EI;E% =E% DI@M>P% -#$% QG% ;=<GP% ;E%L@ADE?MLE=AJ% DNDEG<D% @?% EIG@?=GDR% @?% ;E% =ACGAE=AJ% AG`% L@ALGHED_%.ADEG;PR%EIG%E;DS%@\%HI=>@D@HINR%;D%.%DGG%=ER%=ADH=?GP%QN%!=EEJGADEG=AR%=D%E@% DE;?E%`=EI% I@`%`G% MDG% @M?% L@ALGHED% ;AP% EIG?GQN%`=EI% @M?DG>CGD_%*M?%HI=>@D@HI=e=AJ%DI@M>P%A@E%QG%;=<GP%;E%<;S=AJ%AG`%P=DL@CG?=GD%QME% ;E% ?G<=AP=AJ% @M?DG>CGD% @\% I@`% `GR% ;D% =AP=C=PM;>D% =A% @M?%=AP=C=PM;>%>=CGDR%MDG%`@?PD%;AP%`I;E%?@>G%EIGDG%`@?PD%I;CG%EIG?G_%%

.A% EIGDG% ?GDHGLEDR% `G% L;A% ;>D@% DGG% D=<=>;?=E=GD% QGE`GGA% >@CG% ;AP%HI=>@D@HINR%@?%`IN%=E%<;SGD%DGADG%E@%EI=AS%@\%HI=>@D@HIN%;D%;%\@?<%@\%>@CG_%.A%EIG%D;<G%<;AAG?%;D%`GR%=A%>@CGR%DI@M>P%A@E%E?N%E@%?GPMLG%@EIG?%IM<;A% QG=AJD% E@% @M?% H=LEM?G% @\% EIG<R% A@?% E?N% E@% PG\=AG% @?% L@AE?@>%

+ $ % * # - 7 " % + # $ !

!

D B !

EIG<R% `G% DI@M>PR% `IGA% HI=>@D@HI=e=AJR% A@E% E?N% E@% ?GPMLG% EIG%HIGA@<GA@A%MAPG?%P=DLMDD=@A% E@% \=E%@M?%H?G4L@ALG=CGP%A@E=@AD%@\% =E_%WMDE%;D%.%L;AA@E%PGL=PG%@?%PGEG?<=AG%`I@%N@M%;?GR%.%L;AA@E%PGEG?<=AG%I@`% ;%`@?P% DI@M>P% QG% MDGP_% $I=D% =D% ;>D@%`IN% .% ;<%`;?N% @\% J=C=AJ%PG\=A=E=@AD% =A% EI=D%`@?S_%h=C=AJ%;%PG\=A=E=@A% =D%;A%;EEG<HE% E@%A;??@`%EI=AJD%P@`A%;AP%L>@DG%=A%@A%;%L@ALGHE_%"@`GCG?R%.%`;AE%E@%@HGA%@M?%GNGD% E@% EIG%P=\\G?GAE% MDGD%`G%<;SG% @\% EIG%`@?P% V>@CGX% =A% @M?% >=\G_% .%`;AE%E@%>G;?A%E@%SA@`%EIG%`@?P%=A%=ED%C;?=@MD%MDGDR%=A%EIG%D;<G%`;N%EI;E% .% @HGA% MH% E@% @EIG?% IM<;A% QG=AJD% ;AP% EIG%P=\\G?GAE% EI=AJD% EIGN%;?GR%@?%<;N%QGR%=A%L@<=AJ%E@%SA@`%EIG<%=A%>@CG_%%

$I=D%=D%A@E%<G;AE%E@%GgL>MPG%EIG%H@DD=Q=>=EN%EI;E%L@ALGHED%LI;AJG%;D%@M?% >=CGD%LI;AJGR%@?%EI;E%`G%L;A%L?=E=L=DG%LG?E;=A%H?;LE=LGDR%;D% =E%`G?GR%\?@<%`=EI=AR%@?%`=EI%?G\G?GALG%E@%@EIG?%H?;LE=LGD%=A%@M?%>=\G_%!G%<;NR%D;NR% L?=E=L=eG% LG?E;=A% PGDL?=HE=@AD% @\% >@CG% \@?% QG=AJ% @CG?>N% =PG;>=e=AJR%E?=C=;>%@?%L@??MHE_%!G%<;N%L?=E=L=eG%D@<G@AG%\@?%@A>N%P=DLMDD=AJ%>@CG%\?@<%;A%;GDEIGE=L%@?%GL@A@<=L%HG?DHGLE=CG%;AP%A@E%?GL@JA=e=AJ%;DHGLED%@\%@M?%?G>;E=@ADI=HD%EI;E%;?G%<@?;>%=A%LI;?;LEG?_%,G=EIG?%P@GD%=E%<G;A%EI;E% EIG?G% ;?G% A@% >=<=ED% E@% @M?% EI=AS=AJR% @?% EI;E% A@EI=AJ% =A% >=\G% =D%DGEE>GP_%.E%=D%?;EIG?%;%H@=AE%;Q@ME%EIG%H>;LG%HI=>@D@HIN%I@>PD%=A%@M?%>=\GR%?G<=AP=AJ% MD% EI;E% =E% P@GD% A@E% =<H@DG% >=<=ED% @A% @M?% EI=AS=AJR% QME%=ADEG;P%DI@`D%MD%`IG?G%7&%P?;`%>=<=ED%=A%@M?%>=\G_%%

"G?G%;J;=AR%`G%L;A%<;SG%;%P=DE=ALE=@A%QGE`GGA%@M?%HG?D@A;>%>=<=ED%;AP% EI@DG% L@ALGHEM;>% @AGD% EI;E% ;?G% Q?@MJIE% E@% EIG% \@?G% =A% EIG%HI=>@D@HI=L;>% =ACGDE=J;E=@A_% !IGA% QGL@<=AJ% L>G;?% ;Q@ME% `I;E%<G;A=AJ%=E%<;N%I;CG%E@%DHG;S%;Q@ME%>@CG%=A%P=\\G?GAE%`;NDR%.%<;NR%@A%EIG% @AG%I;APR% QGL@<G% ;`;?G% @\%<N%HG?D@A;>% >=<=E;E=@AD% =A% EI=AS=AJ%;Q@ME% ;% <;EEG?_% KN% L>@MPGP% EI=AS=AJR% <N% DG>\4PGLGHE=@AR% @?%MA`=>>=AJAGDD% E@% ?GJ;?P% D@<GEI=AJ% ;D% >@CG% <;N% H?GCGAE% <G% \?@<%EI=AS=AJ%\?GG>N_%*A%EIG%@EIG?%I;APR%?G\>GLE=AJ%@A%`I;E%=E%<G;AD%E@%E;>S%;Q@ME% >@CG% =A% C;?=@MD% D=EM;E=@AD%<;N% IG>H%<G% J?;DHR% ;D% =E%`G?GR% EIG%V>=<=EDX%@\% EIG%L@ALGHE_% .% L@<G% E@% DGGR% \@?% =ADE;ALGR%I@`% =A% D;N=AJ%V.%\GG>% J?G;E% EGAPG?AGDD% \@?% EIG% @AG% .% >@CGX% EIG% EGAPG?AGDD% EI;E% .% \GG>% =D%4-$&(-,88)% ?G>;EGP% E@% <N% >@CGR% `IG?G;D% =A% D;N=AJ% V.% \GG>% =AP=\\G?GAE%E@`;?PD% EIG% @AG% .% >@CGX% <N% \GG>=AJD% @\% =AP=\\G?GALG% ;?G% ?;EIG?%&L$&(-,88)%?G>;EGP%E@%=E_%%

$I=D% P@GD%A@E%<G;A% EI;E% =E% P@GD%A@E%<;SG% DGADG% E@% D;N% EIG% >;EEG?_%"@`GCG?R% D@<G@AG% `I@% L>;=<GP% EI;E% =AP=\\G?GALG% =D% ;% L@ADE=EME=CG%\G;EM?G%@\% @M?% >;AJM;JG%@\% >@CG% =A% EIG%`;N% EI;E% EGAPG?AGDD% =D%`@M>P%\;=>% E@% J?;DH% =A%`I;E%`;N%<N% \GG>=AJD% @\% =AP=\\G?GALG% ;?G% =A% EGAD=@A%`=EI%<N%L>;=<=AJ% EI;E% .% >@CG_%"G%@?% DIG% \;=>D% E@% DGG% EI;E% DHG;S=AJ%@\%=AP=\\G?GALG%=D%-#$%;A%&LH(&554#-!#*!8#3&R%QME%<;N%?;EIG?%I;CG%EIG%?@>G%@\%

6 # 0 & ! ( $ - ! 9 . + 6 # ' # 9 . : !

!

D I !

;%@#-*&554#-%;Q@ME%<N%*,480(&!$#!8#3&_%"G?GR%DHG;S=AJ%@\%>=<=ED%<;N%;>D@%QG% <=D>G;P=AJ_% h?;DH=AJ% EIGDG% =AEG?A;>% ?G>;E=@AD% QGE`GGA% >@CG% ;AP%@EIG?%L@ALGHED%=D%A@E%;%>=<=E%E@%EIG%\?GGP@<%@\%@M?%EI@MJIEDR%QME%`I;E%&-,?8&5% EI=AS=AJ% =A% EIG% \=?DE% H>;LG_% #>>% ;EEG<HED% ;E% \@?<M>;E=AJ%DGAEGALGD%P@%A@ER%;D%=E%`G?GR%GgH?GDD%EI@MJIED_%

0++!,.(%!>,&?E!

.A%`I;E%`;NDR% EIGAR%P@%<N%P=DLMDD=@AD%<G?G>N%DG?CG%E@%G>ML=P;EG%EIG%H?GDGAE% L@ALGHE=@AD% @\% <N% @`A% LM>EM?G% @?% GCGA% <N% @`A% LM>EM?;>>N%=A\>MGALGP% MAPG?DE;AP=AJZ% .A% @EIG?% `@?PDR% I@`% L;A% .% \GAP% @\\% EIG%DMJJGDE=@A% EI;E% .% ;<% @A>N% J=C=AJ% C@=LG% E@% ;% >=<=EGP% J?@MHiD%MAPG?DE;AP=AJ%@\%>@CGR%;AP%EI;E%.%;<%A@E%D;N=AJ%;ANEI=AJ%;Q@ME%>@CG%H&(!5&Z%T=?DER%=\%.%`G?G%;Q>G%E@%G>ML=P;EG%GCGA%<N%@`A%MAPG?DE;AP=AJR%@?%EI;E% @\% <N% XLM>EM?GXR% =E% `@M>P% ;>?G;PN% I;CG% QGGA% ;% A@EG`@?EIN%;LI=GCG<GAE_%/GL@APR%D=ALG%<N%G<HI;D=D%=A%EIG%`@?S%E@%\@>>@`%`=>>%QG%@A%L>;?=\N=AJ%`I;E%=E%<G;AD%\@?%05R%EIG%L?=E=L=D<%<;N%=A%LG?E;=A%`;ND%QG%D;=P%E@%<=DD%EIG%<;?S_%jGER%.%DGG%`IN%D@<G@AG%`@M>P%?G;LE%E@%EIG%MDG%@\%`I;E%<;N% D@<GE=<GD% DE?=SG% @AG% ;D% ;% X?GJ;>%`GXR% DHG;S=AJ% ;Q@ME%`I;E%`G% P@R% EI=AS% @?%<G;A_% $I=D%<;N% J=CG% EIG% =<H?GDD=@A% EI;E% EIG%X`GX%?GH?GDGAED%;%LG?E;=A%PG>=AG;EGP%J?@MH%@\%HG@H>G%;AP%;%L@ALGHE=@A%@\% >@CG% EI;E% =D% ?GDE?=LEGP% E@% ;% LG?E;=A% E=<G% ;AP% H>;LG_% $I=D% @Q^GLE=@A%PGDG?CGD%D@<G%L@<<GAED_%

#D% .% I;CG% ;>?G;PN% D;=PR%<N% =ACGDE=J;E=@A% =DR% \=?DE% ;AP% \@?G<@DER% ;%@#-@&H$0,8% =ACGDE=J;E=@A%;AP%A@E% ;A% &'H4(4@,8!@AG_%#>EI@MJI% .%P=DLMDD%Gg;<H>GD% @\% L@ACG?D;E=@AD% ;Q@ME% >@CG% ;AP% G<@E=@AD% E;SGA% \?@<% @M?%@?P=A;?N%>=\GR%>=EG?;EM?G%;AP%H@HM>;?%LM>EM?GR%<N%;=<%=D%A@E%E@%PGDL?=QG%;A% Gg=DE=AJ% MDG% @\% >;AJM;JG_% l;EIG?% .% `;AE% E@% J;=A% ;% PGGHG?%MAPG?DE;AP=AJ% @\% EIG% L@ALGHEM;>% \?;<G`@?S% @\% EIG% EI=AJD%`G%<=JIE%D;N%QN%EM?A=AJ%E@%EIG%BMGDE=@A%;Q@ME%`I;E%=D%=AC@>CGP%=A%DHG;S=AJ%=A%LG?E;=A%`;ND_%!I;E%P@GD%=E%<G;AR%;AP%`I;E%<;N%=E%<G;A%E@%DHG;S%VEIG%>;AJM;JG%@\%>@CGXZ%%

$I=D%DI@M>P%A@ER%;J;=AR%QG%E;SGA%=A%EIG%DGADG%EI;E%.%;<%=AEG?GDEGP%=A%<;S=AJ%-#(',$43&%L>;=<D%;Q@ME%EI;E%>;AJM;JG_%/HG;S=AJ%;Q@ME%`I;E%7&%`;AE%E@%D;N%;Q@ME%>@CG%=D%A@E%A@?<;E=CG%=A%EIG%DGADG%EI;E%=E%H?GDL?=QGD%;%LG?E;=A%MD;JG%@\%EIG%`@?P%V>@CGX_%.%`;AE%E@%L;>>%;EEGAE=@A%E@%EIG%<@?;>%P=<GAD=@A%=A%?;=D=AJ%BMGDE=@AD%;Q@ME%<G;A=AJR%QME%EI=D%DI@M>P%A@E%QG%MAPG?DE@@P% =A% EIG% DGADG% EI;E% <@?;>=EN% =D% ;A% ;LE=C=EN% @\% <;S=AJ%A@?<;E=CG% DE;EG<GAED_% l;EIG?% EIG% <@?;>% P=<GAD=@A% @\% BMGDE=@AD% @\%<G;A=AJ% GAEG?% EI?@MJI% PG<;AP=AJ% EI;E% `G% L@AD=PG?% `I;E% `GR% ;D%

+ $ % * # - 7 " % + # $ !

!

D C !

=AP=C=PM;>%DHG;SG?DR%=AL>MP=AJ%N@M%;D%<N%?G;PG?R%D=ALG?G>N%;?G%;Q>G%E@%D;N%=A%;%<;EEG?_%%

TM?EIG?<@?GR%`IGA% .% DHG;S% ;Q@ME% EIG% >;AJM;JG% @\% >@CGR% .% P@% A@E%DMJJGDE%EI;E%`G%EI=AS%@\%EI=D%V>;AJM;JGXR%@?%V>;AJM;JGX%;D%;%`I@>GR%;D%;AN% L>G;?>N% PG>=AG;EGP% DNDEG<% @?% @Q^GLE% @\% DEMPN_% )N% L@AE?;DER% .% `=>>%L@AE=AM;>>N% DE?GDD% EIG%@HGA%;AP% =APGEG?<=A;EG%LI;?;LEG?%@\% >;AJM;JGn%`I;E%@AG%L@M>P%L;>>%EIG%L?G;E=C=EN%@\%MD%;D%DHG;SG?D%=A%Q@EI%MD=AJ%;AP%MAPG?DE;AP=AJ%=E% =A%AG`%D=EM;E=@AD_%$I=D%@HGAAGDDR%@?% =APGEG?<=A;LNR%P@GD%A@E%<G;A%EI;E%`G%L;A%<G;A%^MDE%;ANEI=AJ%`=EI%@M?%`@?PDR%@?%EI;E%`G% L;A% D;N% ^MDE% ;ANEI=AJ_% .E% =D% ?;EIG?% ;% ?G<=APG?% EI;E%`I;E% =E%<;SGD%DGADG%E@%D;N%=A%LG?E;=A%D=EM;E=@AD%L;AA@E%QG%>;=P%P@`A%=A%D@<G%?M>GD%@?%QG%?GJM>;EGP%=A%;%DNDEG<_%%

#J;=ADE% EI=D%Q;LSJ?@MAP%`G%<;N%BMGDE=@A%`IGEIG?% =E%GCGA%<;SGD%DGADG% E@% DHG;S% ;Q@ME% @M?% XLM>EM?GX% ;D% ?GH?GDGAE=AJ% ;% LG?E;=A%MAPG?DE;AP=AJ% @\% >@CG_% X:;A% `GXR% ;D% OGEG?% !=ALI% a7112b% ;DSDR%XMAPG?DE;AP% @M?DG>CGDX% =A% EIG% DGADG% EI;E% @AG% @\EGA% ;DDM<GD% `IGA%?;=D=AJ% BMGDE=@AD% ;Q@ME% @M?% H@DD=Q=>=E=GD% @\% MAPG?DE;AP=AJ% @EIG?%LM>EM?GD_%$IG%H?@Q>G<D%@\%MAPG?DE;AP=AJ% EI;E% EIG?G%<;N%QG%QGE`GGA%HG@H>G% P@% A@ER% =A% EI;E% `;NR% P=\\G?% =A% S=AP% \?@<% EIG% H?@Q>G<D% @\%MAPG?DE;AP=AJ%EIG?G%<;N%QG%QGE`GGA%HG@H>G%=A%@M?%@`A%XLM>EM?GX%@?%XLM>EM?GDX_%a:\_%K@EEM?=%6FFc_b%

,GCG?EIG>GDDR% EIG% @HGAAGDD% @\% >;AJM;JG% ;>D@% @HGAD% \@?%MAPG?DE;AP=AJ_% $IG% H?GDMHH@D=E=@A% \@?% <=DMAPG?DE;AP=AJD% ;AP%P=\\G?=AJ% MAPG?DE;AP=AJDR% ;D% .% D;=PR% =D% EI;E% `G% ;>D@% DI;?G% ;A%MAPG?DE;AP=AJR%;A%MAPG?DE;AP=AJ%EI;E%<;N%PGGHGA%;AP%LI;AJG%=A%@M?%L@ACG?D;E=@AD%`=EI%G;LI%@EIG?_%';AJM;JGR%;D%=E%`G?GR%=D%L@ADE=EME=CG>N%D@L=;>% =A% LI;?;LEG?_% .A% EI;E%`;N% =E%`=>>% ;>`;ND% =AC@>CG% D@<G% S=AP% @\%L@<<MA=EN%@\%DHG;SG?D_%$IGDG%L@<<MA=E=GDR%I@`GCG?R%;?G%A@E%L>G;?>N%PG>=AG;EGP_% .A% EIG% DGADG% EI;E% >;AJM;JG% L;A%QG% DGGA%;D% L@ADE=EME=CG%@\%IM<;A% >=\G% a@?%`I;E%`G% MAPG?DE;AP% ;D% IM<;A% >=\Gb% EI=D% L@<<MA=EN%L;AR%=A%=ED%`=PGDE%DGADGR%QG%DGGA%;D%IM<;A=EN%;D%;%`I@>G_76%%

!IGA%.%DHG;S%@\%`I;E%X`GX%D;NR%.%;<R%EIG?G\@?GR%A@E%H?@H@D=AJ%EI;E%EIG?G%=D%;AN%H;?E=LM>;?%X`GX%EI;E%DHG;S%=A%;%H;?E=LM>;?%`;N_%"%&!K7&K!45!(,$%&(!,-!4-34$,$4#-!$#!@#-54.&(!)#0(!#7-!7,)5!#*!5H&,C4-+n%`;ND%`I=LI%;?G%?G>;EGP% E@% EIG% >=\G% N@M% DI;?G% `=EI% @EIG?% HG@H>GR% `I=LI% =D% ;>D@% EIG%H?GDMHH@D=E=@A%@\% >;AJM;JG_% .E% =D%MH% E@%N@MR%;D%;% ?G;PG?R% E@% DGG%`I;E%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%76% *AG% DI@M>P% ;>D@% ;PP% EI;E% =A% ;DS=AJ% `IGEIG?% .% @A>N% ?GH?GDGAE% <N% @`A% LM>EM?GiD%MAPG?DE;AP=AJ%@\%>@CG%;AP%DMJJGDE=AJ%EI;E%EIG%MAPG?DE;AP=AJ%@\%;A@EIG?%LM>EM?G%<;N%P=\\G?R%@AG%I;D%;>?G;PN%;J?GGP%EI;E%Q@EI%J=CG%GgH?GDD=@A%E@%;A%MAPG?DE;AP=AJ%@\%>@CG%;AP%EI;E%=E%=D%EIG?G\@?G%H@DD=Q>G%E@%L@<<MA=L;EG%QGE`GGA%EIG<_%

6 # 0 & ! ( $ - ! 9 . + 6 # ' # 9 . : !

!

D = !

DGADG% N@M% L;A%<;SG% @\%`I;E% .% D;N% =APGHGAPGAE>N% @\% N@M?% H;?E=LM>;?%Q;LSJ?@MAP_%Y@% EIGDG%`;ND%@\%DHG;S=AJR% EI=D% L@ALGHER%I;CG%;%?@>G% =A%N@M?%>=\GZ%$IG%?G\>GLE=@A%@A%<G;A=AJ%H?@H@DGP%=A%EI=D%`@?SR%;D%=E%`G?GR%=D% A@E% PGHGAPGAE% @A% ;AN% AG`% G<H=?=L;>% GC=PGALG% QME% =D% ;C;=>;Q>G% E@%;AN@AG%@\%MD%`I@%=D%H?GH;?GP%;AP%`=>>=AJ%E@%L@AD=PG?%@M?%@`A%MDGD%@\%`@?PD_% )N% GAEG?=AJ% DMLI% ;% ?G\>GLE=@AR% I@`GCG?R% `G% @HGA% \@?% EIG%H@DD=Q=>=EN%EI;E%@M?%MAPG?DE;AP=AJ%@\%EIGDG%`@?PD%<;N%PGGHGA_%%%

0++ +!*&2(*1'!#$!'%:6&!

)G\@?G%L>@D=AJ%EIG%P=DLMDD=@A%;Q@ME%I@`%`G%;?G%HG?D@A;>>N%=AC@>CGP%=A%>@CG%;AP%HI=>@D@HINR%.%`;AE%E@%Q?=AJ%@ME%@AG%\M?EIG?%;DHGLE%@\%=E%EI;E%=D%?G\>GLEGP% =A% EIG%`;ND%`G% MDM;>>N% GgH?GDD% @M?% >@CGR% ;D%`G>>% ;D% =A% EIG%`;N%.%I;CG%LI@DGA%E@%<;SG%MDG%@\%LG?E;=A%Gg;<H>GD%=A%<N%EGgE_%$I;E%=D%EIG%HG?D@A;>%C@=LG%EI;E%\=APD%GgH?GDD=@A%=A%;AN%PGL>;?;E=@A%@\%>@CGR%EIG%V.X% EI;E% >@CGD% VN@MX% =A% D;N=AJ% V.% >@CG% N@MX_% .A% D@<G% @\% EIG% \=?DE%CG?D=@AD% @\% EIGDG% EGgED% .% @\EGA% `?@EG% ;Q@ME% ;% JGAG?;>% X`GX% >@C=AJ%VEIG<XR% E@% ;C@=P% ;>`;ND% E;>S=AJ% ;Q@ME% V<GX% >@C=AJ% VN@MXR% `I=LI%D@<GI@`%D@MAPGP%VE@@%HG?D@A;>X_%$I=DR%I@`GCG?R%L;<G%E@%DE?=SG%<G%;D%BM=EG%;A%;`S`;?PR%=AP=?GLE%`;N%@\%L;HEM?=AJ%EIG%`;ND%=A%`I=LI%`G%E;>S% ;Q@ME% >@CG_%!G%P@% A@E% >@CG% =A% ;% HI=>@D@HI=L;>% X`GXR% ?;EIG?% EIG%>;AJM;JG%@\% >@CG% LGAE?GD%@A% E`@%V.0DX% >@C=AJ% E`@%VN@M0DX_%$I=D%P@GD%A@E% GgL>MPG% EIG% \;LE% EI;E% `G% <;N% E;>S% ;Q@ME% V`GX% ;AP% VEIGNX% =A%?G>;E=@A%E@%>@CG%=A%D@<G%D=EM;E=@AD_%O;?GAED%<;N%EG>>%EIG=?%LI=>PR%Vj@M%SA@`%EI;E%`G%>@CG%N@MXR%;AP%N@M%<;N%D;N%@\%EIG<R%V$IGN%?G;>>N%>@CG%EIG=?% LI=>P?GA_X%"@`GCG?R% EI=D%P@GD%A@E% L@AE?;P=LE% EIG% L>;=<% EI;E%`G%;>`;ND%<GGE%G;LI%@EIG?%;D%=AP=C=PM;>D%=A%>@CGR%?;EIG?%=E%DE?GAJEIGAD%=E_%lG<G<QG?%EI;E%;%MDM;>%`;N%@\%E;>S=AJ%;Q@ME%V`GX%@?%VEIGNX%=A%>@CGR%=D%V!GX%@?%V$IGN%>@CG%G;LI%@EIG?X_%%

,@`R% @AG% <=JIE% ;DS% `I;E% ?@>G% EIG% LI@=LG% @\% H?@A@MA% I;D% \@?%<;S=AJ% ;% HI=>@D@HI=L;>% H@=AE_% .D% EI=D% A@E% ^MDE% ;% BMGDE=@A% @\% DEN>GZ%"@`GCG?R% .% `;AE% E@% Q?=AJ% @ME% EIG% J?;<<;E=L;>% P=\\G?GALG% =A%7%#% =D%D;N=AJ%`I;ER%\@?%IG?G%`G%L@M>P%D;N%EI;E%DEN>G%;AP%L@AEGAE%=AEG?DGLE_%.E%<;SGD% ;% P=\\G?GALG% \@?% EIG% S=AP% @\% L@ACG?D;E=@A% .% ;<% =AC@>CGP% =A%`IGEIG?%.%D;NR%V.%>@CGzXR%Vj@M%>@CGzXR%V"G%@?%DIG%>@CGDXR%V!G%>@CGX%@?% V$IGN% >@CGX_% K;ED% TM?QG?J% a7113bR% \@?% =ADE;ALGR% ?G<;?SD% EI;E% .%L;AA@E%PGL>;?G%D@<G@AG%G>DGiD%>@CG%=A%I=D%@?%IG?%H>;LG%a6c6b_%.%<;N%D;NR%V"G%>@CGD%N@MX%@?%V"G%DI@M>P%^MDE%;P<=E%EI;E%IG%>@CGD%N@MXR%QME%EI=D%P@GD%A@E%DG?CG%;D%;%PGL>;?;E=@A%@\%>@CGR%MA>GDD%IG%I;D%;DSGP%<G%E@%EG>>%N@M%=A%I=D%;QDGALG_%*A>N%`IGA%IG%D;NDR%V.%>@CG%N@MX%I=<DG>\R%P@GD%I=D%

+ $ % * # - 7 " % + # $ !

!

D H !

\GG>=AJD%I;CG%EIG%LI;?;LEG?%@\%>@CG_%*?%?;EIG?R%L;>>=AJ%D@<GEI=AJ%>@CGR%@A% <N% H;?ER% I;D% ;% P=\\G?GAE% DGADG% PGHGAP=AJ% @A% `IGEIG?% EIG% @AG% .%L>;=<%>@CGD%N@MR%`@M>P%QG%H?GH;?GP%E@%D;N%=E%E@@_%$I=D%=D%E?MG%GCGA%=\%IG%I;D%L@A\=PGP%I=D%>@CG%\@?%N@M%=A%<GR%QME%A@E%=A%N@M_%$IG?G\@?GR%EIG%BMGDE=@AD%`=EI%`I=LI%N@M%;AP%.%;?G%\;LGPR%`IGA%N@M%;DS%<GR%VY@GD%IG%>@CG%<GZX% @?% ;DS% I=<R% VY@% N@M% >@CG%<GZXR% ;?G% A@E% EIG% D;<G_%!I;E%Gg;<H>GD%`G%MDG% =A%HI=>@D@HIN%<;N% =A% EI;E% DGADG%;>EG?% EIG%<G;A=AJ%EI;E%D;N=AJ%D@<GEI=AJ%I;D_%%

#A@EIG?% LI@=LG% L@M>P% I;CG% QGGA% E@% \@>>@`% EIG% E?;P=E=@A;>%HI=>@D@HI=L;>%`;N%@\% E;>S=AJ%;Q@ME%V>@CG?X%;AP%VQG>@CGPX%;D%IG%;AP%DIG_%$I=D%MDG%=D%BM=EG%BMGDE=@A;Q>G%\?@<%;%JGAPG?%HG?DHGLE=CGR%\@?%GCGA%EI@MJI%@AG%I;D%@\EGA% E?=GP% E@% ?G\?;=A% \?@<% =APML=AJ%;AN% DEG?G@ENHGD%;Q@ME% JGAPG?% @?% J=C=AJ% EI=D% MDG% ;AN% GgH>=L=E% JGAPG?% L@AA@E;E=@ADR% =E%@\EGA%J=CGD%?=DG%E@%LG?E;=A%;DD@L=;E=@AD%?;EIG?%EI;A%E@%@EIG?D_%*AG%<;N%G;D=>N% L@<G% E@% EI=AS% @\% EIG% V;LE=CG% <;>G% >@CG?X% ;AP% VEIG% H;DD=CG%\G<;>G% QG>@CGPXR% `I=LI% ;>D@% ?;=DGD% EIG% BMGDE=@A% `IGEIG?% =E% =D%AGLGDD;?N% E@%?GJ;?P% EIG%>@CG?D%;D%G=EIG?%DMQ^GLE%@?%@Q^GLE_%#H;?E%\?@<%EIG%@Q^GLE=@AD%@AG%<=JIE%?;=DG%;Q@ME%JGAPG?R%I@`GCG?R%.%\=AP%EI=D%MDG%H?@Q>G<;E=LR% D=ALG% =E% @A>N% MAPG?DE;APD% >@CG% \?@<% ;% EI=?P% HG?D@A%HG?DHGLE=CG_%.E%C=G`D%EIG%>@CG?D%\?@<%EIG%@MED=PGR%;AP%A@E%\?@<%`=EI=AR%G<HI;D=e=AJ% `I;E% =E% <G;AD% E@% .&5@(4?&% D@<G@AG% ;D% >@C=AJ% ;AP% A@E%`I;E%<G;A=AJ% =E%<;N% I;CG% \@?%<G% E@% &LH(&55% <N% >@CG_%K@?G@CG?R% =E%AGJ>GLED%EIG%DGL@AP%HG?D@A%HG?DHGLE=CG%;AP%`I;E%P=\\G?GAE%?@>GD%=E%<;N%I;CG%E@%P=?GLE%<NDG>\%E@%;A@EIG?%;D%;%VN@MX%;AP%A@E%@A>N%DHG;S%;Q@ME%EIG<%;D%;%VIGX%@?%VDIGX_7c%%

O@=AE=AJ% @ME% EIGDG% P=\\G?GALGD% =A% EIG% P=\\G?GAE% HG?DHGLE=CGD% \?@<%`I=LI%`G%<;N% E;>S% ;Q@ME% >@CGR% .% DI@M>P%I;DEGA% E@% ;PP% EI;E% .%P@%A@E%`;AE% E@% J=CG%H?=@?=EN% E@% ;AN% @AG%HG?DHGLE=CG_%l;EIG?% .%I@HG% EI;E% EIG%P=\\G?GAE%Gg;<H>GD%<;N%<;SG%MD%DGAD=E=CG%E@%`I;E%EIGDG%P=\\G?GAE%MDGD%@\% EIG% `@?P% u>@CGu% \?@<% P=\\G?GAE% HG?D@ADi% HG?DHGLE=CG% <;N% <G;A_%)G=AJ%;Q>G%E@%DI=\E%QGE`GGA%EIG%P=\\G?GAE%HG?DHGLE=CGD%;>D@%L@AE?=QMEGD%E@%;%PGGHGAGP%MAPG?DE;AP=AJ%@\%`I;E%=D%;E%I;AP_%lG>N=AJ%BM=EG%IG;C=>N%@A% EIG% MDG% @\% V.X% ;AP% VN@MXR% I@`GCG?R% .% ;<% ;`;?G% EI;E% =E% <;N%D@<GE=<GD%QG%MAL>G;?%`I=LI%X.X%=D%DHG;S=AJ%=A%EIG%EGgE_%.D%=E%.%a:(b%;D%EIG%HI=>@D@HIG?%`?=E=AJ% EIG% EGgE%;AP%P=DLMDD=AJ%LG?E;=A%BMGDE=@ADR%@?%EIG% JGAG?;>=eGP% X.X% =A% EIG% Gg;<H>GD% @\%`I;E% =E%<;N%<G;A% \@?%<G% E@%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%7c%*A%EIG%`I@>GR%EIG%DGL@AP%HG?D@A%HG?DHGLE=CG%I;D%QGGA%AGJ>GLEGP%=A%HI=>@D@HINR%;AP%.%`=>>%A@E%P@%<MLI%E@%;<GAP%=E%=A%EI=D%`@?S_%*AG%GgLGHE=@A%E@%EI=D%?M>G%=D%K;?E=A%)MQG?%a6FFmb_%

6 # 0 & ! ( $ - ! 9 . + 6 # ' # 9 . : !

!

D @ !

>@CG%N@MZ%,GCG?EIG>GDDR% .%I@HG% EI;E% EIG%L@AEGgE% =A%<@DE% L;DGD%<;SGD%EI=D%L>G;?_%%

$IG%H?=<;?N%Gg;<H>G%@\%>@CG%`=EI=A%<N%P=DLMDD=@AD%=D%VG?@E=L%>@CGX%@?%VDGgM;>%>@CGXR%;>EI@MJI%.%<@DE>N%DHG;S%@\%V>@CGX%`=EI@ME%PG\=A=AJ%V`I;E% S=APX% @\% >@CG% .% ;<% P=DLMDD=AJ_% $@% EIG% GgEGAE% EI;E% .% Q?=AJ% =A%Gg;<H>GD%@\%@EIG?%\@?<D%@\%>@CGR%DMLI%;D%\?=GAPDI=HR%EIG%>@CG%QGE`GGA%H;?GAED%;AP%LI=>P?GAR%\;<=>=;>%>@CGR%EIG%>@CG%@\%AG=JIQ@M?R%EIGN%<@DE>NR%;>EI@MJI%A@E%;>`;NDR%DG?CG%;D%L@AE?;DED%;=<GP%;E%Q?=AJ=AJ%@ME%LG?E;=A%P=DE=ALE=@AD% QGE`GGA% EIG% P=\\G?GAE% S=APD% @\% >@CG_% .A% <;AN% L;DGDR%I@`GCG?R% .% P@%A@E% DGG% ;AN% DGADG% =A% @CG?>N% G<HI;D=e=AJ% EIG% DGADG% =A%`I=LI%`G%<;N%DHG;S%;Q@ME%.4**&(&-$!C4-.5%@\%>@CG_%l;EIG?%E;>S=AJ%;Q@ME%VS=APDX% @?% V\@?<DX% @\% >@CG% <;NR% `IG?G% D@<G% MDGD% @\% V>@CGX% ;?G%L@ALG?AGPR%@QDLM?G%EIG%<;EEG?R% =<H>N=AJR%\@?% =ADE;ALGR% EI;E% EIGN%I;CG%L>G;?>N%PG\=AGP%LI;?;LEG?=DE=LDR%=AC@>CG%P=\\G?GAE%PG<;APD%;AP%D@%@A_%.E%<;SGD%DGADGR%;D%=E%`G?GR%E@%DHG;S%@\%;>>%@\%EIGDG%P=\\G?GAE%?G>;E=@ADI=HD%;D%>@CG%QGL;MDG%EIGN%DI;?G%LG?E;=A%\G;EM?GDR%;>EI@MJI%EIG?G%<;N%A@E%QG%@AG%DHGL=\=L%\G;EM?G%?MAA=AJ%EI?@MJI%;>>%@M?%MDGD%@\%EIG%L@ALGHE_%$I=D%=D%;A%;PP=E=@A;>% ?G;D@A% \@?%MD=AJ% EIG%`@?P%V>@CGX%BM=EG% \?GG>N%?;EIG?%EI;A%L@ADE;AE>N%DE?GDD=AJ%EIG%VG?@E=LX%@?%VDGgM;>X_%#A@EIG?%=D%EI;E%=E%=D%A@E% GC=PGAE% EI;E%`G% DI@M>P% ?GDG?CG% EIG% EG?<%VG?@E=LX% E@% LI;?;LEG?=eG%@A>N%DGgM;>%>@CG_%%

:I@@D=AJ%;%EG?<%\@?%EIG%>@CG%EI;E%.%;<%<@DE>N%P=DLMDD=AJR%=A%@EIG?%`@?PDR%EIG%>@CG%EI;E%GC@>CGD%;?@MAP%;%DHGL=;>%VN@MXR%QG;?=AJ%?G>;E=@AD%E@%DGgM;>=ENR%<;??=;JGR%LI=>P4?G;?=AJR% =A% =EDG>\%?;=DGD%LG?E;=A%BMGDE=@AD_%$I?@MJI% I=DE@?N% EIG% G<HI;D=D% @A% P=\\G?GAE% ;DHGLED% @\% EIGDG%?G>;E=@ADI=HD% I;D% LI;AJGP_%!G%<;N% E?;LG% ?G<A;AED% @\% MDGDR% D;N=AJDR%;AP%MAPG?DE;AP=AJD%@\%&(#5%EI;E%J@%Q;LS%@A%EIG%PGCG>@H<GAE%@\%`I;E%I;D%QGGA%L;>>GP%VL@M?E>N%>@CGXR%VLI=C;>?@MD%>@CGX%;AP%V?@<;AE=L%>@CGXR%EIG%L@ALGHE%I;D%L@<G%E@%=AC@>CG%;DHGLED%@\%EIG%>@CG%@\%h@P%a,+,H&b%;AP%\?=GAPDI=H%aH%484,b_7m%%

#J;=ADE%EI=D%C;DE%Q;LSJ?@MAP%@AG%<;N%BMGDE=@A%`IN%.%I;CG%LI@DGA%E@%DHG;S%@A>N%@\%V>@CGXR%VG?@E=L%>@CGX%@?%VDGgM;>%>@CGX_%$IG%;AD`G?%E@%EI=D% =D% D=<H>N% EI;E% .%I;CG%`;AEGP% E@% ;EEGAP% E@% EIG%`;ND% =A%`I=LI%7&%DHG;S%;Q@ME%>@CG%=A%#0(%P;=>N%>=\G%;AP%PG;>=AJD%`=EI%@EIG?%HG@H>GR%A@E%;D% HI=>@D@HIG?DR% A@E% ;D% EIG@>@J=;ADR% A@E% ;D% HI=>@>@J=DED_% &CGA% =\% EIG%P=DE=ALE=@AD%QGE`GGAR%D;NR%&(#5R%,+,H&%;AP%H%484,%L@??GDH@AP%E@%D@<G%@\%EIG%P=DE=ALE=@AD%`G%<;N%<;SG%QGE`GGA%@M?%P=\\G?GAE%MDGD%@\%V>@CGXR%.%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%7m% T@?% ;A% GgH@D=E=@A% @\% I@`% EIG% L@ALGHE% @\% >@CG% I;D% QGGA% MAPG?DE@@P% MAPG?% EIGDG%P=\\G?GAE% EG?<D%DGG%G_J_% /=AJG?% a713m;R%713mQR%7132bR%*DQ@?AG% a7118;bR%,NJ?GA% a715cbR%PG%l@MJG<@AE%a713cbR%#=?;SD=AGA%a6FF7b_%

+ $ % * # - 7 " % + # $ !

!

< G !

;<%\=?DE%;AP%\@?G<@DE%=AEG?GDEGP%=A%EIG%P=DE=ALE=@AD%EI;E%`G%<;SG_%#PP%E@% EI=D% EI;E% @M?% MDGD% @\% EIG%`@?P% ;?G% @\EGA% BM=EG% VGL>GLE=LXR% =A% @EIG?%`@?PDR% EI;E% EIGN% L@<H?=DG% \G;EM?GD% @\% `I;E% I;D% QGGA% E;SGA% E@% QG%;DHGLED%@\%P=\\G?GAE%\@?<D%@\%>@CGR%;AP%N@M%I;CG%EIG%?GL@JA=E=@A%EI;E%=\%`G%L@AD=PG?R%D;NR%EIG%P=DE=ALE=@A%QGE`GGA%&(#5%;AP%,+,H&6%@M?%`;ND%@\%DHG;S=AJ%;Q@ME%G?@E=L%>@CG%P@%A@E%DE?=LE>N%SGGH%`=EI=A%EIG%Q@MAP;?=GD%@\%&(#5%QME%=AL>MPG%<;AN%;DHGLED%`I=LI%I;CG%H?=<;?=>N%QGGA%;DD=JAGP%E@%,+,H&_%%

$IG?G\@?GR% .% I;CG% LI@DGA% E@% DHG;S% @\% 5&L0,8! 8#3&% QGL;MDG% =E% DE?=SGD%<G%;D%@AG%@\%EIG%<@DE%DE?;=JIE\@?`;?P%`;ND%=A%`I=LI%@AG%<;N%Q?=AJ%@ME% EIG% DGADG% =A% `I=LI% EI=D% >@CG% P=\\G?D% \?@<% @EIG?% S=APD% =A% QG=AJ%L@ADE=EME=CG>N% L@AAGLEGP%`=EI% @M?% DGgM;>=EN% ;AP% DGgM;>% PGD=?G_%K@?G%@\EGA%.%I;CG%DH@SGA%@\%&(#$4@!8#3&6%QGL;MDG%EI;E%A@E=@A%DGG<D%E@%L;HEM?G%EIG%DGADM@MD%A;EM?G%@\%EI=D%>@CG%QGEEG?_%.E%QG;?D%;LSA@`>GPJG<GAE%EI;E%;A%MAPG?DE;AP=AJ%@\% DGgM;>%PGD=?G% L;AA@E%QG% ?GPMLGP% E@% ;%Q=@>@J=L;>%P?=CGR% QME% QG>@AJD% E@% EIG% L@AEGgE% @\% @M?% VG<Q@P=GP% =AEGAE=@A;>=ENX_75%"@`GCG?R%D=ALG%EI=D%LI@=LG% =D%<;=A>N%;%<;EEG?%@\%\GG>=AJR% .%;P<=E%EI;E%<N%PGL=D=@A%@A%`I;E%EG?<%E@%MDG%=D%D>=JIE>N%L@AE=AJGAE_%,GCG?EIG>GDDR%.%I;CG% L@ADL=@MD>N% PGL=PGP% A@E% E@% DHG;S% ;Q@ME% V?@<;AE=L% >@CGX%;>EI@MJI% EI;E% =D% BM=EG% ;% L@<<@A>N%MDGP% EG?<_% .%P@%A@E%P@% EI=D% @A>N%QGL;MDG% EIG% EG?<% L;??=GD% D@% <MLI% Q;JJ;JG% \?@<% V?@<;AE=L=D<XR%L;AP>G4>=JIE% P=AAG?D% ;AP% <@@A>=JIE% DG?GA;PGDR% QME% ;>D@% QGL;MDG% .%DMDHGLE%EI;E%<;AN%@\%=ED%=PG;>=e=AJ%\G;EM?GD%=AC@>CG%;%EG<HE;E=@A%=A%@?%;%L@??MHE=@A%@\%>@CG_%%

#D% EIG% @QDG?C;AE% ?G;PG?% <;N% A@E=LG% EIG?G% =D% @AG% @EIG?% L@<<@A%A;<G% \@?% G?@E=L% >@CG% EI;E% .% L@AD=DEGAE>N% >G;CG% @ME% @\% EIG% P=DLMDD=@A_%$I;E%=D%EIG%V>@CG%QGE`GGA%<;A%;AP%`@<;AX_%KN%?G;D@A%\@?%P@=AJ%=ER%;AP% \@?% I@H=AJ% EI;E% =E% `@M>P% ;>D@% QG% >G\E% @ME% @\% HI=>@D@HI=L;>%P=DLMDD=@AD%@\% >@CG%L@<H>GEG>NR% =D% EI;E% =E%P@GD%A@E%I;CG%;AN%;HH;?GAE%QG;?=AJ%@A% EIG%HI=>@D@HI=L;>%H@=AED%@AG% =D% =AEG?GDEGP% =A%<;S=AJ_%$IG%P=DE=ALE=@AR%@AG%<;N%EI=ASR%<;N%QG%MDG\M>%=\%@AG%`=DIGD%E@%P=DE=AJM=DI%QGE`GGA% EIG% >@CG% QGE`GGA%<;A% ;AP%`@<;A% ;AP% EI;E% QGE`GGA%<;A%;AP%<;A%@?%`@<;A%;AP%`@<;A%=A%@?PG?%E@%H@=AE%@ME%EIG%P=\\G?GALGD%@?%D=<=>;?=E=GD% =A%I@`%EIGN%I;CG%QGGA%H@?E?;NGP%=A% >=EG?;EM?GR%;?E%;AP%I=DE@?N_%.A%<@DE%HI=>@D@HI=L;>%P=DLMDD=@ADR%I@`GCG?R%EIG%HI?;DG%V>@CG%QGE`GGA% <;A% ;AP% `@<;AX% P@GD% A@E% DG?CG% E@% P=DE=AJM=DI% EI=D% >@CG%\?@<% @EIG?% S=APD% @\% G?@E=L% >@CGp=\% EIGN% ;?G% =APGGP% P=\\G?GAE% S=APDR%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%75%/GG%/L?ME@A%a7132bR%GDHGL=;>>N%EIG%=AE?@PMLE=@AR%;AP%LI;HEG?%8%\@?%@AG%P=DLMDD=@A%@\%EI=D%;DHGLE_%

6 # 0 & ! ( $ - ! 9 . + 6 # ' # 9 . : !

!

< ; !

H@D=AJ% P=\\G?GAE% BMGDE=@ADR% QG;?=AJ% P=\\G?GAE% =<H>=L;E=@ADpQME% E@%P=DE=AJM=DI% G?@E=L% >@CG% \?@<% @EIG?% \@?<D% @\% >@CG% DMLI% ;D% \?=GAPDI=HR%>@CG%@\%\;<=>NR%;AP%D@%@A_%78%.A%P@=AJ%EI;ER%I@`GCG?R%EIG%HI=>@D@HI=L;>%P=DLMDD=@A%=AEGAE=@A;>>N%@?%MA=AEGAE=@A;>>N%GgL>MPGD%?G>;E=@ADI=HD%EI;E%P@%A@E%\=E%MAPG?%EIG%IG;P=AJ%@\%V<;A%;AP%`@<;AX%\?@<%EIG%DHIG?G%@\%G?@E=L%>@CG_%/GgM;>%>@CG%=D%;DDM<GP%E@%QG%@AG%`=EI%%&$&(#DGgM;>%>@CG_%%

.E%=D%G;DN%E@%DI?MJ%@\\%EI=D%MD;JG%;D%;%GMHIG<=D<%@?%;%<G?G%<;AAG?%@\%DHG;S=AJR%QME%;D%DMLI%EIG%A@E=@A%=D%\;?%\?@<%=AA@LGAE_%:@AD=PG?=AJ%EIG% I=DE@?N% @\% C=@>GALG% EI;E% I;D% ;LL@<H;A=GP% EIG% GgL>MD=@A% @\%I@<@DGgM;>D%\?@<%Q@EI%>@CG%;AP%D@L=GENR%\=AP=AJ%EIG<%?;EIG?%E@%QG%;%H?@HG?%@Q^GLE% @\%I;EGR% =E% DE?=SGD%<G% EI;E%<MLI%@\% EI=D%C=@>GALG% =D% DE=>>%L@AE;=AGP% =A% EI=D% \@?<M>;E=@A_% :G?E;=A>N%<@DE% HI=>@D@HIG?D% MD=AJ% =ER%DMLI% ;D% {>I;<% Y=><;AR% ";AAGD% ,NSUAGA% ;AP% lMDI% lIGGDR% `I@DG%EI=AS=AJ%=A%@EIG?%?GDHGLED%I;D%QGGA%;A%=ADH=?;E=@A%=A%EI=D%`@?SR%P=P%A@E%@?% P@% A@E%<G;A% E@% QG% C=@>GAE_% )ME% =\%`G% ;J?GG% EI;E% EIG?G% =D% A@EI=AJ%<@?G%E@%EI=D%EG?<%EI;A%;%<;AAG?%@\%DHG;S=AJR%EIG?G%DI@M>P%A@E%QG%;AN%H?@Q>G<% =A% >G;C=AJ% =E% @ME% @\% @M?% HI=>@D@HI=L;>% @?%<@?;>% C@L;QM>;?N%;AP%?GH>;LG%=E%`=EI%@EIG?%GgH?GDD=@AD_%%

+L!#7%6+$&!#A!%.&!%.&'+'!

.%I;CG%LI@DGA%E@%P=C=PG%EIG%LI;HEG?D%=A%EI=D%EIGD=D%=AE@%EI?GG%P=\\G?GAE%H;?EDR% G;LI% L@AD=DE=AJ% @\% LI;HEG?D%`I=LI% L@ALG?A% ;% LGAE?;>% EIG<G_% .A%EIG% \=?DE%H;?E% .%P=DLMDD% EIG%?G>;E=@A%QGE`GGA% >@CG%;AP%&'#$4#-56% =A% EIG%DGL@AP%.%H@APG?%BMGDE=@AD%;Q@ME%4.&-$4$)%;AP%>@CG%;AP%=A%EIG%EI=?P%H;?E%.%;DS%I@`%BMGDE=@AD%@\%'&,-4-+%<;N%GAEG?%=AE@%>@CG_%%

$IG%\=?DE%H;?E%;PP?GDDGD%BMGDE=@AD%HG?E;=A=AJ%E@%>@CGiD%DE;EMD%;D%;A%G<@E=@A_%!I;E%MAPG?DE;AP=AJ%L;A%G<@E=@AD%QG%D;=P%E@%L@ADE=EMEG%;AP%I@`% =D% EI=D% ?G>;EGP% E@% >@CGZ% :I;HEG?% @AG% ;AP% E`@% E;SG% @A% E`@%P@<=A;AE%C=G`D% =A% EIG%HI=>@D@HIN%@\%G<@E=@An% a7b% EI;E%G<@E=@AD% ;?G%H;DD=CG%GgHG?=GALGD%DMLI%;D%\GG>=AJD%@?%P=DH@D=E=@AD%aLI;HEG?%@AGbR%;AP%a6b% EI;E% G<@E=@AD% ;?G% ?;EIG?% LI;?;LEG?=eGP%QN% EIG=?% ?;E=@A;>% LI;?;LEG?%aLI;HEG?%E`@bR%=A%@EIG?%`@?PD%EI;E%EIGN%=AC@>CG%L@ADE=EME=CG%QG>=G\D%@?%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%78%l@JG?%/L?ME@A% a7132R% cF54c77b%P@GD%P?;`%<@?G% \;?4?G;LI=AJ%L@AL>MD=@AD% EI;A% EI=D_%"G%EI=ASD%EI;E%@A>N%VEIG%DE?;AJGAGDD%@\% EIG%@EIG?%JGAPG?X%a/L?ME@A%7132R%c7Fb%EI;E% =D%PGD=?GP% =A% IGEG?@DGgM;>% >@CG%<;SGD% =E% =AE@% ;% E?MG%<GGE=AJ%`=EI% ,-#$%&(% \=?DE% HG?D@A4HG?DHGLE=CG_%$IG%I@<@DGgM;>% ?;EIG?%PGD=?GD% EIG% @EIG?% ;D% ;%<=??@?% @\% I=D% @?%IG?% @`A%Q@PN_% .% ?GJ?GE% EI;E% EI=D% =D% A@E% EIG% H>;LG% E@% Q?=AJ% @ME% ;E% >GAJEI% ^MDE% I@`% DE?;AJG% I=D%DMJJGDE=@A%=D_%

+ $ % * # - 7 " % + # $ !

!

< D !

^MPJG<GAED% L@ALG?A=AJ% EIG=?% @Q^GLEn% EIG% EI=AJR% EIG% HG?D@A% @?% EIG%D=EM;E=@A%;E%`I=LI%EIGN%;?G%P=?GLEGP_%%

.% ;LSA@`>GPJG% EI;E% EIGDG%;LL@MAED%Q?=AJ%@ME% =<H@?E;AE% ;DHGLED%@\%EIG%G<@E=@AD%=A%EI;E%EIGN%H@=AE%E@`;?PD%EIG%\;LE%EI;E%G<@E=@AD%=AC@>CG%;%Q@P=>N%;D%`G>>%;D%;%<GAE;>%P=<GAD=@A_%.A%EI=DR%EIGN%L;HEM?G%@AG%@\%EIG%<;=A%P=\\=LM>E=GD%`=EI% E;>S=AJ%;Q@ME% EIG%G<@E=@AD%@?% E?N=AJ% E@%PG\=AG%EIG<n% G<@E=@AD% ;?G% AG=EIG?% HM?G>N% HIND=L;>R% @?% Q@P=>NR% A@?% HM?G>N%<GAE;>_%#E%E=<GD%=E%=D%=<H@?E;AE%E@%A@E=LG%EI;E%G<@E=@AD%;?G%D@<GEI=AJ%EI;E%`G%\GG>n%`G%<;N%EI=AS%@\%GgH?GDD=@AD%DMLI%;D%VQ@=>=AJ%`=EI%;AJG?X%@?%VQG=AJ%@CG?`IG><GP%`=EI% \G;?X_%jGE% =A%@EIG?%D=EM;E=@ADR%G<@E=@AD%;HHG;?% E@% QG% L>@DG?% E@% EI@MJIEDR% ;AP% D@% I@`% `G% \GG>% =D% A@E% `I;E%<;EEG?D%QME%`I;E%`G%EI=AS%@?%<;N%D;N%;Q@ME%@M?%D=EM;E=@A_%%

YGDH=EG%EIG%=AD=JIED%EIGDG%;LL@MAED%<;N%@\\G?%MDR%.%;?JMG%EI;E%EIGN%Q@EI%?MA%EIG%?=DS%@\%JGAG?;>=e=AJ%EIG%G<@E=@AD%=A%@HE=AJ%\@?%@AG%@\%EIG%;>EG?A;E=CGD% =A% E?N=AJ% E@% D;N% `I;E% ;A% G<@E=@A! 45_% lGEM?A=AJ% E@% EIG%EI@MJIE% EI;E% `G% P@% A@E% H?=<;?=>N% MDG% G<@E=@A4`@?PD% E@% ?GH@?E%D@<GEI=AJR%G=EIG?%;A%=AAG?%@?%@MEG?%DE;EG%@?%H?@LGDDR%.%DMJJGDE%EI;E%`G%DI=\E%\@LMD%E@%`I;E%=E%=D%`G%5,)%$#!&,@%!#$%&(%`IGA%`G%GgH?GDD%@?%?G\MDG%E@% GgH?GDD% G<@E=@AD_% .A% P@=AJ% EI=DR% .% H;?E=LM>;?>N% G<HI;D=eG% EIG%P=\\G?GAE% ?@>GD% G<@E=@AD% ;AP% >@CG% L;A% QG% D;=P% E@% I;CG% =A% EIG% <@?;>%P?;<;%EI;E%=D%@M?%>=\G_%%

.A%EIG%\=?DE%E`@%LI;HEG?D%.%L@<G%E@%EIG%L@AL>MD=@A%EI;E&=E%=AC@>CGD%;%?GPMLE=@A%@\%EIG%>;AJM;JG%@\%>@CG%;AP%EIG%@EIG?%G<@E=@AD%@A>N%E@%J=CG%;%HDNLI@>@J=L;>R%@?%GH=DEG<@>@J=L;>R%PGDL?=HE=@A%@\%=E_%.A%LI;HEG?%EI?GG%.%QGJ=A%E@%DHG>>%@ME%`I;E%=E%<;N%<G;A%E@%?GL@JA=eG%EIG%<@?;>%LI;?;LEG?%@\% EIG% L@<<;AP% E@% >@CGR% QN% Q?=AJ=AJ% E@JGEIG?% EIG<GD% \?@<% EIG% \=?DE%E`@%LI;HEG?D%=A%;%P=DLMDD=@A%@\%EIG%=AEG??G>;E=@A%QGE`GGA%@M?%`=>>%;AP%@M?%?GDH@AD=Q=>=EN%=A%>@CG_%)GJ=AA=AJ%`=EI%EIG%@QDG?C;E=@A%EI;E%>@C=AJ%D@<G@AG% =D% A@E% ^MDE% ;Q@ME% \GG>=AJR% QME% ;>D@% ;Q@ME% ?GJ;?P=AJ% LG?E;=A%;DHGLED%@\%@M?%?G>;E=@ADI=HD%E@%@EIG?D%;D%PG<;APDR%.%?;=DG%EIG%BMGDE=@A%;Q@ME%`I;E%`G%<;N%QG%D;=P%E@%QG%?GDH@AD=Q>G%\@?%=A%>@CG_%%

$IG%DGL@AP%H;?E%EM?AD%E@%BMGDE=@AD%L@ALG?A=AJ%=PGAE=ENR%P=DLMDD=AJ%EIG%?@>G% EI;E%V.XR%VN@MX%;AP%V`GX%<;N%I;CG% =A% >@CG_%)GJ=AA=AJ%`=EI%EIG%EI@MJIE%EI;E% >@CG%AGLGDD;?=>N%I;D%E@%QG%DGGA%=A%L@AAGLE=@A%`=EI%;%?G>;E=@ADI=HR%.%;DS%`I;E%=E%<;N%<G;A%E@%L@<G%E@%C-#7%G;LI%@EIG?%;AP%@AGDG>\% =A% EIG% >=JIE% @\% >@CG_% "G?GR% ;J;=AR% .% \=AP% =E% L?ML=;>% E@%;LSA@`>GPJG%EI;E%EIG%BMGDE=@A%;Q@ME%`I;E%`G%;?G%Q@MAP%E@%=A%>@CG%=D%;%<@?;>%BMGDE=@AR%;AP%A@E%<G?G>N%;A%GH=DEG<@>@J=L;>%@AG_% .% ?GEM?A% E@%/=<@AG%!G=>iD%EI@MJIE%EI;E%EIG%IM<;A%QG=AJ%L;AA@E%QG%?GPMLGP%E@%I=D%@?%IG?%HG?D@A;>=ENR%;AP%G<HI;D=eG% =A%`I;E%`;ND% EIG%BMGDE=@AD%>M%#%;<% .ZX% ;AP% VM%#% ;?G% N@MZX% ;?G% <@?;>% BMGDE=@AD_% .% PGCG>@H% EI=D%

6 # 0 & ! ( $ - ! 9 . + 6 # ' # 9 . : !

!

< < !

EI@MJIE% =A% EIG% >=JIE%@\% EIG% =AEG?A;>%?G>;E=@AD%QGE`GGA% EIG%L@ALGHED%@\%>@CGR%J@@PAGDDR%QG;MEN%;AP%E?MEI_%%

.A%LI;HEG?%\@M?%.%P=DLMDD%`I;E%=E%<;N%<G;A%E@%E;>S%;Q@ME%?G;D@AD%=A%EIG%L@AEGgE%@\%>@CG%;AP%@EIG?%G<@E=@AD_%.A%`I;E%`;ND%P@%BMGDE=@AD%@\%^MDE=\=L;E=@A%;?=DG%=A%>@CGR%;AP%`I;E%P@GD%=E%<G;A%E@%?GJ;?P%D@<G@AG%;D%;A% =AEG>>=J=Q>G% @Q^GLE% @\% >@CGZ% .% DI@`% `IN% =E% =D% H?@Q>G<;E=L% E@%MAPG?DE;AP%EIG%Q@AP%@\%>@CG%;D%;%Q@AP%E@%DHGL=\=L%BM;>=E=GD%@\%EIG%@EIG?%;AP% I@`% DMLI% ;% C=G`% =JA@?GD% EIG% MAL@AP=E=@A;>% LI;?;LEG?% @\% @M?%EM?A=AJ%E@%D@<G@AG%=A%>@CG_%$IG%HG?D@A;>%BM;>=E=GD%@\%EIG%@EIG?%L;AA@E%QG% E;SGA% ;D% GgH>;=A=AJ% @M?% ?G>;E=@ADI=HR% D=ALG% =E% =D% @A>N% ;J;=ADE% EIG%Q;LSJ?@MAP%@\%@M?%?G>;E=@ADI=H%EI;E%`G%L;A%MAPG?DE;AP%`I;E%=D%<G;AE%QN%DHG;S=AJ%;Q@ME%N@M?%BM;>=E=GD_%%

:I;HEG?% \=CG% E;SGD% @A% EIG% BMGDE=@A% ;Q@ME% `I;E% S=AP% @\% DG>\4MAPG?DE;AP=AJ%L;A%QG%J;=AGP%EI?@MJI%;%?G\>GLE=@A%@\%>@CG_%.%;?JMG%EI;E%A@E=@AD% DMLI% ;D% VQG=AJ% @AGDG>\X% @?% VQG=AJ% E?MG% E@% @AGDG>\X% P@% A@E%PGHGAP%MH@A%;A%MALI;AJ=AJ% L@?G%@\% EIG%HG?D@A%`I=LI%HI=>@D@HIG?D%P=DLMDD=AJ%HG?D@A;>% =PGAE=EN%I;CG%@\EGA%;DDM<GP_%l;EIG?% EIGN%?;=DG%;%BMGDE=@A%;Q@ME%0-4$)% EI;E%=D%@\%<@?;>%L@ALG?AR%L;>>=AJ%MD%E@%QG%E?MG%E@%EIG% DGADG% @\% @M?% `@?PD% ;AP% =A% @M?% ?G>;E=@ADI=HD% `=EI% @EIG?D_%TM?EIG?<@?GR%.%;?JMGR%H;?E>N%=ADH=?GP%QNR%QME%;>D@%L?=E=L;>%@\R%WG;A4O;M>%/;?E?GR% EI;E% I@>P=AJ% @A% E@% ;% DGEE>GP% H=LEM?G% @\%`I;E% @AG% =D% >=SG%<;N%\@?<%;%S=AP%@\%DG>\4PGLGHE=@A_%%

.A%LI;HEG?%D=g%.%P=DLMDD%I@`%`G%;?G%E@%MAPG?DE;AP%EIG%Q@AP%@\%>@CG%@?%`IGEIG?%=E%=D%<G;A=AJ\M>%E@%EI=AS%@\%>@CG%;D%;%Q@AP%=A%EIG%\=?DE%H>;LG_%.%L?=E=L=eG%l@QG?E%:_%/@>@<@AiD%;LL@MAE%@\%>@CG%;D%;%VDI;?GP%=PGAE=ENXR%\@?%@A>N%J=C=AJ%;%HDNLI@>@J=L;>%PGDL?=HE=@A%@\%`I;E%=E%<G;AD%E@%DI;?G%;%>=\G%=A%>@CG_%$I=D%AGJ>GLED%EI;E%7%,$%`G%DI;?G%=A%>@CGR%`I=LI%.%DMJJGDE%=D%;%LG?E;=A%L@ALGHE=@A%@\%J@@PAGDDR%=D%;D%=<H@?E;AE%\@?%@M?%QG=AJ%;Q>G%E@%MAPG?DE;AP%;%>=\G%E@JGEIG?%;D%>@C=AJ_%.E%=D%@\%H;?;<@MAE%=<H@?E;ALG%\@?%EIG% J@@PAGDD% `G% \=AP% =A% >@CG% EI;E% =E% L;AA@E% QG% ?GPMLGP% E@% `I;E% =D%H>G;D;AE_%%

:I;HEG?% DGCGA% DE;?ED% @\\%`=EI% EIG%@QDG?C;E=@A% EI;E% EIG% >@CG?%@\EGA%DGGD%EI=AJD%=A%EIG%>@CGP%@AG%EI;E%<;N%QG%I=PPGA%\?@<%@EIG?DR%;AP%;DSD%`I;E%EI=D%<G;AD%\@?%EIG%E?MEI%@\%>@CGiD%C=D=@A_%.%;?JMG%EI;E%EIG%\?GBMGAE%EGAPGALN% =A%HI=>@D@HIN%E@% EI=AS% EI;E% EIG%@AG% .% >@CG% =D%A@E%;D% .% D;N% =D%Q;DGP%@A%DGCG?;>%H?@Q>G<;E=L%;DDM<HE=@AD%;Q@ME%`I;E%=E%<G;AD%\@?%;%DE;EG<GAE%E@%QG%E?MG_%*AG%;DDM<GDR%\@?%=ADE;ALGR%EI;E%EIG%L?=EG?=@A%\@?%EIG% E?MEI% @\% ;% DE;EG<GAE% =D% EI;E% =E% L@??GDH@APD% `=EI% D@<GEI=AJ% =A%?G;>=EN_%.A%?GDH@ADG%E@%EI=D%C=G`%.%DI@`%=A%`I;E%`;ND%>@CG%=AC@>CGD%;%P=\\G?GAE%S=AP%@\%L@A\?@AE;E=@A%`=EI%`I;E%=D%?G;>R%`I=LI%?;EIG?%?;=DGD%;%BMGDE=@A%@\%E?MEI\M>AGDD%;AP%D=ALG?=EN_%

+ $ % * # - 7 " % + # $ !

!

< B !

$IG%EI=?P%H;?E%EM?AD%E@%EIG%MAPG?DE;AP=AJ%@\%EIG%`@?>P%;AP%@M?%>=\G%EI;E%L;A%QG%D;=P%E@%QG% =AEG?A;>>N%L@AAGLEGP%`=EI%>@CG_%$IG%E=E>G%@\% EIG%H;?E% =D% VKG;A=AJX%H@=AE=AJ% E@%`I;E%<G;A=AJ% @M?% >=\G% L;A% QG% D;=P% E@%I;CG% =A% >@CGR% ;AP% P`G>>=AJ% @A% EIG% ?G>;E=@ADI=HD% QGE`GGA% EIG%V<G;A=AJDX% @\% @M?%`@?PD% ;AP% EIG% DGADG% =A%`I=LI% @M?% ?G>;E=@ADI=HD%`=EI%@EIG?%IM<;A%QG=AJD%;?G%<G;A=AJ\M>%E@%MD_%:I;HEG?%G=JIE%QGJ=AD%`=EI% EIG% ?GL@JA=E=@A% EI;E% >@CG% <;N% <;SG% @M?% >=CGD% <G;A=AJ\M>% =A%<;AN% `;ND_% O@APG?=AJ% `IGEIG?% `G% <;N% ;>D@% ?GJ;?P% ;% >@CG% @\%D@<G@AG%;D%;%>@CG%@\%>=\GR%EI;E%=DR%;D%;%`;N%@\%\=AP=AJ%<G;A=AJ%=A%>=\GR%.%;DS% `IGEIG?% >@CG% E?M>N% J=CGD% <G;A=AJ% E@% @M?% >=\G% @?% @A>N%<;SGD% MD%\@?JGE%I@`%<G;A=AJ>GDD%=E%=D_%!I;E%S=AP%@\%`@?>P%=D%=E%EI;E%EIG%@AG%=A%>@CG%=AI;Q=EDZ%%

.A%LI;HEG?%A=AG%.%?;=DG%EIG%BMGDE=@A%`I;E%=E%<;N%<G;A%E@%D;NR%V$I;E%`@AiE% I;HHGA% E@% MDX% =A% >@CG_% !I;E% P=\\G?GAE% S=APD% @\% ;EE=EMPG% E@%LI;ALG% ;AP% L=?LM<DE;ALGD% P@GD% DMLI% ;% DE;EG<GAE% GgH?GDDR% ;AP%`I;E%?=DSD% ;?G% L@AAGLEGP%`=EI%`;AE=AJ% E@%PGEG?<=AG% EIG% S=AP%@\%<G;A=AJ%D@<GEI=AJ%<;N%I;CG%=A%;%?G>;E=@ADI=HZ%.D% EIG%QG>=G\% EI;E%A@EI=AJ%`=>>%I;HHGA%;A%GgH?GDD=@A%@\% \;=EI% =A% EIG% ?G>;E=@ADI=H%@?% ;%`;N%@\% E;S=AJ%N@M%\@?%J?;AEGPZ%.%H@=AE%@ME%EI;E%DE;EG<GAED%DMLI%;D%EI=D%@AG%E;SG%EIG%\@?<%@\%H?@<=DGD%;AP%A@E%@\%H?GP=LE=@ADR%;AP%EIG%P=\\G?GALGD%QGE`GGA%EIGDG%E`@%S=APD%@\%;EE=EMPGD%E@`;?PD%\MEM?G%GCGAED_%%

T=A;>>NR% =A% LI;HEG?% EGAR% .% ?;=DG% ;% D>=JIE>N% P=\\G?GAE% BMGDE=@A% ;Q@ME%<G;A=AJ0%!I;E%<G;A=AJ%<;N%=E%I;CG%E@%D;NR%X'@CG%=D%EIG%<G;A=AJ%@\%>=\GX% @?% X!I;E% =D% EIG%<G;A=AJ% a@?% HM?H@DGb% @\% >@CGZX% .% P=DLMDD% EIGDG%BMGDE=@AD% =A% L@AAGLE=@A% `=EI%K;?EI;% ,MDDQ;M<iD% P=DLMDD=@A% @\% EIG%H>;LG% EIG% ;AL=GAE% h?GGSD% J;CG% E@% >@CG% =A% ;% J@@P% @?% \>@M?=DI=AJ% >=\G%a,MDDQ;M<R%7138b_%$I=D%BMGDE=@A%Q?=AJD%MD% E@%NGE%;A@EIG?%P=DLMDD=@A%@\%?G;D@AD%\@?%>@CGR%A@`%@A%;%<@?G%JGAG?;>%>GCG>0%.D%EIG?G%@A%EIG%`I@>G%;%H@=AE%=A%>@C=AJZ%.D%>@CG%J@@P%\@?%;ANEI=AJZ%.%BMGDE=@A%`IGEIG?%EI=D%=D%;%<G;A=AJ\M>%BMGDE=@A%;AP%`I;E%S=AP%@\%<G;A=AJ%=E%;DD=JAD%E@%>@CG_%.E%=D%<=D>G;P=AJ%E@%EI=AS%EI;E%`GR%;D%HI=>@D@HIG?DR%L@M>P%J=CG%;A%GgEG?A;>%^MDE=\=L;E=@A% \@?% >@CGR%`I=LI% =D%A@E% =A% =EDG>\%<@E=C;EGP%QN% >@CGR% @?% EIG%H>;LG%`GR%;D%IM<;A%QG=AJDR%`;AE%E@%J=CG%E@%>@CG%=A%@M?%>=\G_%

$IG% LM??GAE% P=C=D=@A% =AE@% EI?GG% H;?ED% \@>>@`D% @AG% EI?G;P% @\% <N%P=DLMDD=@AD_%"@`GCG?R% =E%`@M>P%QG%<=D>G;P=AJ% E@% D;N% EI;E% EI=D% =D% EIG%@A>N%H;EEG?A%EI;E%?MAD%EI?@MJI%EI=D%EIGD=D_%.E%`@M>P%QG%<@?G%L@??GLE%E@%D;N%EI;E%EIG%EIGD=D%L@AD=DED%@\%;%`GQ%@\%=AEG?E`=A=AJ%EI@MJIEDR%@\%`I=LI%EIG% LM??GAE%P=DH@D=E=@A% DG?CGD% E@%H=LS%@ME%@AG% >=AG_%#D% ;% ?M>GR% .%I;CG%E?=GP%E@%`?=EG%EIG%LI;HEG?D%D@%EI;E%EIG%L@AEGAE%@\%G;LI%LI;HEG?%\@>>@`D%@A% EIG% EI@MJIED%PGCG>@HGP% =A% EIG%H?GC=@MD%@AGD_% .E%`@M>PR%I@`GCG?R%

6 # 0 & ! ( $ - ! 9 . + 6 # ' # 9 . : !

!

< I !

QG% L@<H>GEG>N% H@DD=Q>G% E@% P=DLG?A% ;% P=\\G?GAE% >=AG% @\% EI@MJIED% QN%DH@EE=AJ%EIG%L@AAGLE=@AD%QGE`GGA%P=\\G?GAE%LI;HEG?D%=A%EIG%EI?GG%H;?ED_%%

#% ?G;PG?% =AEG?GDEGP% =A% EIG% BMGDE=@A% @\% ?G;D@AD% \@?% >@CG% <;NR% \@?%=ADE;ALGR% EM?A% E@% EIG% DGL@APR% \@M?EI% ;AP% EGAEI% LI;HEG?% \@?% ;A%GgH@D=E=@A%@\%=PG;D%L@AAGLEGP%`=EI%EI=D%EIG<G_%#%P=DLMDD=@A%@\%`IN%.%EI=AS% =E% =D% H?@Q>G<;E=L% E@% DG;?LI% \@?% L?=EG?=;% \@?% >@CG% E;SGD% H>;LG% =A%LI;HEG?D%@AGR%D=g%;AP%EGA_%#%?G;PG?%L@ALG?AGP%`=EI%EIG%H@DD=Q=>=E=GD%@\%<;S=AJ%H?@<=DGD%=A%>@CG%<;N%QG%=AEG?GDEGP%=A%?G;P=AJ%LI;HEG?D%EI?GG%;AP%A=AG_%/@<G@AG%=AEG?GDEGP%=A%;%L@AE=AMGP%P=DLMDD=@A%@\%EIG%`;ND%=A%`I=LI%EIG%`@?>PR%@?%>=\GR%;D%lIGGD%D;=PR%=D%P=\\G?GAE%\@?%EIG%@AG%=A%>@CG%<;N% \=AP% MDG\M>% @QDG?C;E=@AD% =A% LI;HEG?D% EI?GG% ;AP% G=JIE_%TM?EIG?<@?GR% LI;HEG?D% DGCGA% ;AP% G=JIE% L;A% QG% D;=P% E@% PG;>% `=EI%BMGDE=@AD% L@ALG?A=AJ% =PG;>=e;E=@AD% ;AP% QG;MEN% =A% >@CGR% `IG?G;D%LI;HEG?D% \=CGR% D=g% ;AP% A=AG% E;SG% @A% ;% P=DLMDD=@A% @\% EIG% H>;LG% @\%J@@PAGDD% =A% >@CG_% :I;HEG?D% D=g% ;AP% G=JIE% ?;=DG% BMGDE=@AD% ;Q@ME% EIG%?@>GD%EI;E%DI;?=AJ%;%>=\G%<;N%I;CG%=A%G?@E=L%>@CGR%`IG?G;D%LI;HEG?D%@AGR%DGCGA% ;AP% A=AG% ;AP% EIG% GH=>@JMG% E@% H;?E% EI?GG% GAE=E>GP% V$IG% &APXR%=AC@>CG%L@<<GAED%@A%`I;E%=E%<;N%<G;A%E@%<;SG%<=DE;SGD%=A%>@CG_%

%

!

!

!

!

!

!!!!!!!!!

!!

9(*%!#$&!

$&"'(")%

!

!

%%%%%

!!!!!

!

!

!

9*#6#37&8!&2#%+#$!

!>+!,($%!%#!1$#,!,.(%!6#0&!+'?;=!

%$IG?G%=D%;%DLGAG%=A%EIG%/`GP=DI%\=><%N0@C4-+!O';8!a7113b%a=A%&AJ>=DI%=E%`;D%L;>>GP%P%#7!:&!Q#3&b0%E`@%J=?>D%;?G%`;>S=AJ%P@`A%;%P;?S%DE?GGE%=A%EIG%D<;>>%/`GP=DI%E@`A%@\%f<[>_%*AG%@\%EIG<%=D%&>=AR%@AG%@\%EIG%<@DE%H@HM>;?% J=?>D% =A% DLI@@>_% lGHMEGP>NR% DIG% I;D% ;>?G;PN% \@@>GP% ;?@MAP%`=EI% AM<G?@MD% Q@ND_% $IG% @EIG?% =D% #JAGDR% AG`>N%<@CGP% =AE@% E@`AR%;AP%D@<GEI=AJ%@\%;A%@MED=PG?_%lM<@M?%I;D%=E%EI;E%DIG%=D%;%>GDQ=;AR%;AP%H?GC=@MD>N% EIG% D;<G%A=JIE%&>=A%I;P%S=DDGP%IG?% E@%`=A%;%QGE_% /IG%P=P%A@E%SA@`%EI;E%#JAGD%`;D%DGL?GE>N%=A%>@CG%`=EI%IG?_%';EG?%DIG%?GJ?GEEGP%=E%;AP%`GAE%Q;LS%E@%;H@>@J=eG_%%

,@`R%EIGN%;?G%E;>S=AJ%;Q@ME%`I;E%EIGN%`;AE%@ME%@\%>=\GR%;Q@ME%f<[>%;AP% I@`% E@% JGE% @ME% @\% EIG?G_% &>=A% =D% L@AC=ALGP% EI;E% #JAGD% `@M>P%H?@Q;Q>N% I;CG% >@ED% @\% J=?>D% =\% DIG% `G?G% >=C=AJ% =A% /E@LSI@><_% #AP%E;>S=AJ%;Q@ME%/E@LSI@><R%`IN%A@E%I=ELI4I=SG%EIG?GZ%#JAGD%=D%?G>MLE;AER%QME%&>=A%L@AC=ALGD%IG?_%.\%@AG%@\%EIG%AGgE%\@>>@`=AJ%\=CG%L;?D%DE@HD%\@?%EIG<%EIGN%DI@M>P%PG\=A=EG>N%P@%=E_%*AGR%E`@R%EI?GGR%\@M?R%EIG%\=\EI%@AG%P@GD% ;AP% EIGN% JGE% =AR% EG>>=AJ% EIG% P?=CG?% ;% DE@?N% ;Q@ME% I;C=AJ% H;=P% ;%C=D=E%E@%EIG=?%J?;AP<@EIG?%;AP%?MAA=AJ%@ME%@\%<@AGN_%)ME%EIG%GAJ=AG%P@GD%A@E%DE;?E%;AP%EIG%P?=CG?%JGED%@ME_%#JAGD%;AP%&>=A%D=E%=A%EIG%Q;LS%DG;E%`@APG?=AJ%`IGEIG?%EIGN%;?G%L?;eN%@?%VP;<A%L@@>X_%$IG%L;?%?;P=@%H>;ND%T@?G=JAG?iD% a713mb%D@AJ%V.%!;AE% E@%(A@`%!I;E%'@CG%.DX_%$IGN%DI;?G%;%S=DD_%$I=D%E=<G%=E%=D%\@?%?G;>_%%

$IGN%P@%A@E%JGE%E@%/E@LSI@><_%$IG%P?=CG?%L;ELIGD%EIG<%S=DD=AJ%;AP%EI?@`D% EIG<% @ME% @\% EIG% L;?R% ;AP% ;D% =A% <@DE% \=><D% `=EI% ;% ?@<;AE=L%EIG<GR%EIG?G%;?G%D@<G%E`=DED%;AP%EM?AD%QG\@?G%EIGN%GCGAEM;>>N%GAP%MH%E@JGEIG?_%%

OG?I;HD%=E%=D%PMG%E@%EIG%D@AJ%QN%T@?G=JAG?%@?%E@%EIG%?GL@>>GLE=@AD%@\%<N%@`A%EGGADpJ?@`=AJ%MH%=A%EIG%G=JIE=GDR%EIG%E`@%;>D@%=AEG?<=AJ>GpQME% EIG%;Q@CG%<GAE=@AGP%DLGAG%L;HEM?GD%<GR%;D%P@GD% EIG%`I@>G% \=><_%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%72%T@?G=JAG?%a713mb_%

& 2# % + # $ !

!

B G !

/I@`=AJ%A@E%@A>N% >@CG%;AP%L@M?;JGR% =E% =D%;% DE@?N%@\% EIG% E?@MQ>GD%;AP%<;?CG>D%@\%>G;C=AJ%LI=>PI@@PR%;`;SGA=AJ%\GG>=AJD%\@?%EIG%@EIG?%@?%EIG%D;<G%DGgR%EIG%L?MG>E=GD%;AP%GgL=EG<GAE%@\%@M?%\=?DE%;EEG<HED%;E%>@CGR%EIG%>@AJ=AJ% E@% \=AP% D@<G@AG%`I@% EI=ASD% @AG% =D% BM=EG%*(_73%#D% \@?%<@DE%EGGA;JG?D% =E% ?;=DGD% BMGDE=@AD% ;Q@ME% `I;E% E@% P@% `=EI% EI=DR% @AG% <;N%EI=ASp`=EI%?G\G?GALG%E@%EIG%D@AJ%V!I;E%.D% EI=D%$I=AJ%:;>>GP%'@CGZX%QN%:@>G% O@?EG?pV\MAAN% EI=AJ% L;>>GP% >@CGX_% V"@`%P@%`G% SA@`% EI;E%`I;E%`G%\GG>%=D%>@CGZ%#AP%I@`%P@%`G%SA@`%`I;E%>@CG%=DZ%

.%P@%A@E%`;AE%E@%L>;=<%EI;E%HI=>@D@HIG?D%;?G% >=SG%EGGA;JG?D% =A%EI=D%?GDHGLE_% )ME% EIGN% E@@% DGG<% SGGA>N% =AEG?GDEGP% =A% SA@`=AJ% `I;E%H?GL=DG>N% >@CG% =D_% .A% L@<H;?=D@A%`=EI% EIG%LI;?;LEG?D%@\%N0@C4-+!O';8R%EIG=?%;EEG<HED%;?G%<MLI%>GDD%H;=A\M>R%;AP%<MLI%>GDD%C=C=PR%DE?=C=AJ%E@%H?@C=PGR% \=?DE% ;AP% \@?G<@DER% ;% PG\=A=E=@A% @\% EI=D% ;P<=EEGP>N% DE?;AJG%HIGA@<GA@A_% TG`% I;CG% DMLLGGPGP% =A% EI=D% GAPG;C@M?R% ;AP% EIG%BMGDE=@A% =DR%@\%L@M?DGR%`IGEIG?% =E% =D%H@DD=Q>G% E@%DMLLGGP% =A% =E_%#<@AJ%EIG%DMJJGDEGP%;AD`G?D%E@%EI=D%BMGDE=@AR%@\%`I=LI%D@<G%;?G%;PP?GDDGP%=A% EIG% H?GDGAE% `@?SR% @AG% \=APD% \@?<M>;E=@AD% DMLI% ;DR% V'@CG% =D% ;A%G<@E=@AXR% V'@CG% =D% ;% L@<<=E<GAEXR% V'@CG% =D% ;% DI;?GP% =PGAE=ENX%a/@>@<@AbR%V'@CG%=D%?GL@JA=e=AJ%LG?E;=A%EI=AJD%;D%PG<;APDXR%V'@CG%=D%EIG% P=\\=LM>E% ?G;>=e;E=@A% EI;E% D@<GEI=AJ% @EIG?% EI;A% N@M?DG>\% =D% ?G;>XR%V'@CG% =D% =PG;>=e;E=@AXR% V'@CG% =D% ;A%;QD@>MEG%HG?DHGLE=CGXR% V'@CG% =D%;%Q@AP%QGE`GGA% E`@%HG@H>GXR% V'@CG% =D% ;%`;N%@\% \GG>=AJR% EI=AS=AJ% ;AP%;LE=AJXR% V'@CG% =D% EIG% DH=?=E% =A%`I=LI% N@M% P@% D@<GEI=AJXR% V'@CG% =D% ;%J;<G%@\%I=PG%;AP%DGGSX%aY=><;Ab_%%

$IG% >=DE% @\% PG\=A=E=@AD% @\% G<@E=@ADR% EIG% J?@MH% E@% `I=LI% <@DE%HI=>@D@HIG?D%`@M>P%;J?GG%EI;E%>@CG%<@?G%@?%>GDD%>@@DG>N%QG>@AJR%=D%;D%>@AJn% V&<@E=@AD% ;?G% \GG>=AJDX% aW;<GDbR% V&<@E=@AD% ;?G% P=DH@D=E=@ADX%alN>GbR%V&<@E=@AD%;?G%`;AEDXR%V&<@E=@AD%;?G%;LE=@ADXR%V&<@E=@AD%;?G%^MPJG<GAEDX% a/@>@<@AR% ,MDDQ;M<bR% V&<@E=@AD% ;?G% L@ADE?M;>DX%al@QG?EDbR% V&<@E=@AD% ;?G% ;P;HE;E=@ADX% ah?=\\=EIDbR% V&<@E=@AD% ;?G%GC;>M;E=@ADXR%V&<@E=@AD%;?G%MHIG;C;>D%@\%EI@MJIEX%a,MDDQ;M<b_%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%73% $IG% \=><% =D% ;% E?G;DM?G% \@?% \=AP=AJ% Gg;<H>GD% @\% HG@H>G% D;N=AJ% DMLI% EI=AJD% E@% G;LI%@EIG?_% $@% A;<G% ;% \G`% Gg;<H>GD0% #JAGDiD% \;EIG?iD% L>M<DN% ;EEG<HED% E@% L@<\@?E% IG?0%Xj@Mi?G% ;% `@APG?\M>% IM<;A% QG=AJX% X,@R% .i<% A@EX% XjGDR% N@Mi?G% `@APG?\M>_%!@APG?\M>R%#JAGD_%Y@%N@M%IG;?%`I;E%.%;<%D;N=AJZX%&>=A%QG\@?G%J@=AJ%EI?@MJI%`=EI%IG?%QGER%X)ME___%=E%=D%@A>N%EI;E%___%N@M%;?G%D@%___%LMEG_X%W@I;A%`I@%=D%;>D@%=A%>@CG%`=EI%&>=A0%XY;<AR% N@Mi?G% J@@P4>@@S=AJ_% j@Mi?G% EIG% QGDE4>@@S=AJ% J=?>% .% SA@`_X% &>=AR% Xj@Mi?G%P?MAS_X% X,@R% QME% =EiD% E?MG_X% &>=A% ?GCG;>=AJ% IG?% \GG>=AJD% E@%#JAGD% ;E% EIG% GAP0% XT@?% .%<G;AR% A@`% N@M% H?@Q;Q>N% EI=AS% EI;E% .% EI=AS% N@Mi?G% Q;PR% QME% EI;EiD% A@E% E?MG_% .EiD%H?GL=DG>N%EIG%@EIG?%`;N%;?@MAP_%.%;LEM;>>N%EI=AS%EI;E%N@M%z%N@Mi?G%J@@P_X%%

9 * # 6 #3 7 & 8 ! ? + ! , ( $ % ! % # ! 1 $#, ! , . ( % ! 6 # 0 & ! + ' ? !

!

B ; !

$IG% \@>>@`=AJ% EI?GG% LI;HEG?D% ;?G% ;A% ;EEG<HE% E@% Gg;<=AG% EI=D%BMGDE=@A0%V!I;E% =D% >@CGZX%$IG%;=<R%I@`GCG?R% =D%-#$% E@% E?N% E@%J=CG%NGE%;A@EIG?% ;AD`G?R% QME% E@% 4-3&5$4+,$&! $%&! 20&5$4#-_%!I;E%P@GD% =E%<G;A% E@%;DS% @?% SA@`% `I;E% >@CG% =DZ%!I;E% L@M>P% L@MAE% ;D% ;A% ;AD`G?% E@% EI=D%BMGDE=@AZ% .D% EIG?GR% @?% L@M>P% EIG?G% QGR% @AG% @CG?;?LI=AJ% ;AD`G?Z% KN%DMJJGDE=@AR% ;D% .% <GAE=@AGP% =A% EIG% =AE?@PMLE=@AR% =D% EI;E% `GR% ;D%HI=>@D@HIG?DR%DI@M>P%A@E%DGE%@ME%E@%J=CG%;A%;AD`G?%G=EIG?%E@%`I;E%>@CG%=D%@?%`I;E%@EIG?%G<@E=@AD%;?G_%l;EIG?%`G%DI@M>P%?G<=AP%@M?DG>CGD%@\%EIG% P=\\G?GAE% S=AP% @\% ?@>GD% DMLI% BMGDE=@AD%<;N%I;CG% =A% @M?% >=\GR% ;AP%`I;E%S=AP%@\%;AD`G?D%`G%<=JIE%J=CG%E@%EIG<R%=\%`G%L;A%J=CG%;AN_%%

.% P@%A@E%`;AE% E@% L?GP=E% T@?G=JAG?%`=EI% E@@%<MLI%PGHEIp=A%<@?G%EI;A%@AG%`;N%EIG=?%D@AJ%\;>>D%H?GN%E@%EIG%D;<G%S=AP%@\%Q;A;>=E=GD%EI;E%L?G;EG% EG<HE;E=@AD% =A% ;AN% >@CG% D@AJR% @?% ;E% >G;DE% EIG% Q;P% @AGD_71%"@`GCG?R% EIGN% P@% A@E% \;>>% \@?% EIG% D;<G% EG<HE;E=@AD% \@?% `I=LI%HI=>@D@HIG?D%P@_%#\EG?%D=AJ=AJR%V.%`;AE%E@%SA@`%`I;E%>@CG%=DXR%EIGN%P@%A@E%L@AE=AMG%E@%D=AJR%V/@R%>GE%MD%\=AP%;%PG\=A=E=@AX_%$IGN%D=AJR%V.%`;AE%N@M%E@%DI@`%<GX_%#AP%\M?EIG?%@AR%V.%`;AE%E@%\GG>%`I;E%>@CG%=DR%.%SA@`%N@M%L;A%DI@`%<GX_%%

$@%EI=D%GgEGAER%EIG?G%=D%;%?GL@JA=E=@A%EI;E%SA@`=AJ%`I;E%>@CG%=D%P@GD%A@E%;<@MAE%E@%<G?G%=AEG>>GLEM;>%SA@`>GPJG_%.%<;N%D;NR%V,@`%.%SA@`%`I;E% >@CG% =DXR%@?%V'@@S=AJ% =AE@%N@M?%GNGDR% .%L;AA@E%P@MQE%`I;E% >@CG%=DXR% QME% `I;E% =E% <G;AD% E@% D;N% V.% SA@`X% IG?G% =D% A@E% QG=AJ% ;Q>G% E@%GgH>=L;EG% `I;E% =E% =D% .% SA@`R% A@?% QG=AJ% ;Q>G% E@% ;AD`G?% ;AN% \;LEM;>%BMGDE=@A%DMLI%;D%V!I;E%=D%EIG%L;H=E;>%@\%:;A;P;ZX%@?%V"@`%L@>P%=D%=E%@MED=PGZX_%&CGA%=A%DMLI%L;DGDR%=E%=D%L>G;?%EI;E%SA@`=AJ%EI;E%V*EE;`;%=D%EIG%L;H=E;>%@\%:;A;P;X%@?% EI;E%V.E% =D% 46|%:%PGJ?GGD%@MED=PGXR%P@GD%A@E%@A>N% ;<@MAE% E@% EIG%<G?G% H@DDGDD=@A% @\% ;% H=GLG% @\% =A\@?<;E=@A_% .E% =D%MAL>G;?%`I;E%=E%`@M>P%<G;A%E@%SA@`%EIGDG%EI=AJD%=\%.%P=P%A@E%DGG%I@`%EIGN%L@M>P%\=JM?G%=A%@EIG?%L@AD=PG?;E=@ADR%DMLI%;D%MAPG?DE;AP=AJ%`IN%EI=D%=D%;%H?@Q;Q>G%?G;D@A%\@?%:;A;P;iD%H;?>=;<GAE%QG=AJ%D=EM;EGP%EIG?GR%@?%I@`%EIGDG%\;LED%L@M>P%QG%?G>GC;AE%\@?%@EIG?%H?;LE=L;>%L@AD=PG?;E=@ADR%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%71%$@% EIG%@AG%HMee>GP%QN%<N%MDG%@\%H@HM>;?% >@CG%D@AJD% =A% EIG%P=DLMDD=@A%;AP%=A% EIG%IG;P=AJD%@\%LI;HEG?R% .% DI@M>P%HG?I;HD%D;N% EI;E% .% \=AP% EIGDG%;A% =AEG?GDE=AJ%D@M?LG% \@?%`;ND% =A%`I=LI%`G% E;>S% ;Q@ME% >@CG_% &CGA% EIG%<@DE% Q;A;>% >@CG% D@AJD%<;N% ;?E=LM>;EG%D@<G%@\%@M?%PGGHGDE%L@ALG?AD%;AP%GgHG?=GALGD%=A%>@CG_%&=EIG?%EIGN%L;ELI%@A%E@%`;ND%=A%`I=LI%`G%P@%DHG;S%;Q@ME%>@CG%@?%EIGA%EIGN%H?@C=PG%MD%`=EI%AG`%`;ND%@\%;?E=LM>;E=AJ%@M?%>@CG_%$IG%\;LE% EI;E%.%@\EGA%V<=D?G;PX%EIG%D@AJ%E=E>GD% =A%<N%IG;P=AJD%E@%Q?=AJ%@ME%EIG%P=\\G?GAE%`;ND% =A%`I=LI%`G%<;N%<;SG% DGADG%@\% LG?E;=A% \@?<M>;E=@ADR% =D% ;A@EIG?%<;EEG?_% #E% QGDER% .% I@HG% =E% L;A% DG?CG% E@% Q?=AJ% @ME% EIG% P=\\G?GAE% L@ALG?AD% EI;E% ;?G%;PP?GDDGP%QN%HI=>@D@HIN%;AP%QN%DMLI%H@HM>;?%;LL@MAED%@\%>@CG_%

& 2# % + # $ !

!

B D !

DMLI%;D%`I;E%L>@EIGD%.%DI@M>P%`G;?%`IGA%.%DEGH%@MED=PG%A@E%E@%L;ELI%;%L@>PR%@?%E?G;P=AJ%L;?G\M>>N%A@E%E@%D>=H%@A%=LG_%%

$@% E;SG% ;A% Gg;<H>G%<@?G% L>@DG>N% ?G>;EGP% E@% \GG>=AJD% @?% G<@E=@AD%`I=LI% .% `=>>% P=DLMDD% <@?G% =A% LI;HEG?% @AGR% SA@`=AJ% EI;E% N@M% ;?G% =A%H;=AR% =A% EIG% DGADG% EI;E% =E% <;SGD% DGADG% E@% D;N% @\% <G% EI;E% .% SA@`% =ER%=AC@>CGD% ;<@AJ% @EIG?% EI=AJD% EI;E% .% ?GDH@AP% E@% N@M% =A% ;HH?@H?=;EG%`;ND_% .A% EIG% >=JIE% @\%`I;E% .% SA@`R% LG?E;=A% ?GDH@ADGD% L;A% QG% DGGA% ;D%MA=AEG>>=J=Q>G%@?%=AEG>>=J=Q>GR%;AP%=A%EIG%>;EEG?%L;DG%QG%PGG<GP%;D%G=EIG?%L;?=AJR% EI@MJIE>GDD% @?% GCGA% L?MG>_% $IGN% ;?G% MA=AEG>>=J=Q>G% =\% .R% \@?%=ADE;ALGR%;DS%`I;E%AM<QG?%N@M?%H;=A% =DR% =AEG>>=J=Q>G% =A% EI;E% .% EGAP% E@%N@M?%`@MAPD% @?% P@% A@E% ;DS% N@M% E@% ?MA% ;%<=>G%`=EI% ;% Q?@SGA% SAGG_%$IGN% ;?G% L;?=AJR% =\% .% L@<\@?E% N@MR% EI@MJIE>GDDR% =\% .% ;DS% N@M% E@% L@<G%P;AL=AJR% @?% L?MG>R% =\% .%MDG%N@M?%H;=A% E@%IM<=>=;EG%N@M%@?% =A%P=\\G?GAE%`;ND% ?MQ% D;>E% =A% N@M?%`@MAPD_% .A% EIG% D;<G% DGADGR%<N%P=DLMDD=@A% =A%LI;HEG?%@AGR%`=>>%;>D@%Q?=AJ%@ME%=A%`I;E%`;ND%?GJ;?P=AJ%;%?G>;E=@ADI=H%;D%@AG%@\% >@CG%GgH?GDDGD%;A%;EE=EMPG%E@% =E%;AP%EIG%HG@H>G% =A% =E_%/GG=AJ%E`@% HG@H>G% ;D% ;% L@MH>G%<G;AD% \@?% =ADE;ALG% EI;E% ;% EI=?P% HG?D@A%`I@%GAEG?D%EIG%H=LEM?G%=A%LG?E;=A%`;ND%`=>>%L@<G%QGE`GGA%EIG<R%;D%`G>>%;D%?GL@JA=e=AJ%EIG%GgL?ML=;E=AJ%G\\GLED%DMLI%;%D=EM;E=@A%<;N%I;CG%@A%EIG%HG@H>G%=AC@>CGP_%%

$IG?G%=DR%I@`GCG?R%;%PGGHG?%?GDHGLE%=A%`I=LI%<N%SA@`>GPJG%@\%>@CG%L;A%QG%D;=P%E@%=AC@>CG%<G_%.A%T@?G=JAG?iD%D@AJR%`;AE=AJ%E@%SA@`%`I;E%>@CG% =D% L;AA@E% QG% DGH;?;EGP% \?@<% EIG% `=DI% E@% >@CG% ;AP% QG% >@CGP%@AGDG>\_%$I;E%=DR%DHG;S=AJ%@\%C-#74-+%>@CG%IG?G%L;AA@E%QG%P=DE=AJM=DIGP%\?@<%&LH&(4&-@4-+%=E_%$I=D%=D%D@<GEI=AJ%HI=>@D@HIG?D%@\EGA%=JA@?G_%#D%;%?M>GR%HI=>@D@HIG?D%;HHG;?%E@%QG%<@?G%=AEG?GDEGP%=A%EIG%DE;EG<GAE%V$I=D%=D%>@CGX%;AP%EIG%L@AP=E=@AD%\@?%=E%QG=AJ%E?MGR%EI;A%EIG%P=\\G?GAE%?@>GD%=E%<;N% I;CG% E@% D;N% V.% >@CG% N@MX% =A% P=\\G?GAE% D=EM;E=@ADR% QG% =E% ;%PGL>;?;E=@AR%;%L@A\GDD=@A%@?%;A%;P<=DD=@A%EI;E%I;D%QGGA%IG>P%Q;LS%\@?%;%>@AJ%E=<G_%.E%=DR%I@`GCG?R%`=EI%EI;E%D;N=AJR%.%EI=AS%EI;E%`G%DI@M>P%DE;?ER%\@?%DGCG?;>%?G;D@AD_%%

T@?%@AG%EI=AJR%<N%@`A%\GG>=AJD%;AP%GgHG?=GALGD%@\%>@CGR%;D%`G>>%;D%<N% ;Q=>=EN% E@% >@CGR% ;?G% H?GDMHH@D=E=@AD% \@?% SA@`=AJ% >@CG_% $@% <;SG%DGADG%@\%EIG%>;AJM;JG%@\%>@CGR%@?%<G;A%`I;E%.%D;N%=A%DHG;S=AJ%=ER%=E%=D%A@E%GA@MJI% EI;E% .%<;DEG?% =ED%V?M>GDX% =A% EIG% DGADG% EI;E% .%SA@`%I@`% =E%<;N%QG%MDGP_% .%AGGP% E@% \=AP% =A%<N%@`A%?GDH@ADGD% D@<GEI=AJ%@\% EI;E%`I=LI%.%\=AP%=A%@EIG?D%`I@%DHG;S%EI;E%>;AJM;JGR%;AP%`I@%?GDH@AP%E@%G;LI%@EIG?% ;AP%<G% =A% DMLI% >@C=AJ%`;ND_%$I=D%;DHGLE% =D%HG?I;HD% ;E% =D%L>G;?GDE%=A%`I;E%=E%<G;AD%E@%SA@`%EI;E%N@M%>@CG%<G_&(A@`=AJ%>@CG%=A%EI=D%DGADG%L;AA@E%QG%DGH;?;EGP%\?@<%>@@S=AJ%=AE@%N@M?%GNGD%;AP%\GG>=AJ%MAL@AP=E=@A;>>N% `G>L@<GR% \?@<% ?GDE=AJ% ;DDM?GP% EI;E% `I;EGCG?%

9 * # 6 #3 7 & 8 ! ? + ! , ( $ % ! % # ! 1 $#, ! , . ( % ! 6 # 0 & ! + ' ? !

!

B < !

I;HHGAD% .% L;A% EM?A% E@% N@M_% .A% EI;E% ?GDHGLER% N@M?% >@CG%<;N% DI@`%<G%Q@EI% D@<GEI=AJ% ;Q@ME% `I;E% >@CG% <;N% <G;A% =A% ;% >=\G% ;AP% `I;E%D=JA=\=L;ALG%.%<;N%I;CG%=A%EI;E%D;<G%>=\G_%j@M%?GCG;>% E@%<G%EI;E%.%;<%D@<G@AG%`I@%<;N%A@E%@A>N%>@CG%QME%`I@%L;A%;>D@%QG%>@CGP_%.\%`G%P@%`;AE%E@%DHG;S%;Q@ME%SA@`>GPJG%=A%>@CGR%EIGAR%`G%DI@M>P%DE;N%;`;?G%@\%EIG%DGADG%=A%`I=LI%SA@`=AJ%EI;E%.%>@CG%N@MR%@?%N@M%>@CG%<GR%<;N%SGGH%<G%`;?<%;E%A=JIER%L@<\@?E%<GR%@?%GCGA%I;MAE%<G%=\%.%P@%A@E%@?%L;AA@E%>@CG%N@M%=A%?GEM?A_%%

T@?%&>=AR%EIG%?G;>=e;E=@A%EI;E%#JAGD%=D%=A%>@CG%`=EI%IG?R%I=ED%IG?%`=EI%EIG%L?MG>EN%@\%IG?%\@?<G?%;LE=@AD%E@`;?PD%IG?n%S=DD=AJ%#JAGD%E@%`=A%;%QGER%A@E%HI@A=AJ%IG?%;D%DIG%H?@<=DGP%E@R% =JA@?=AJ%IG?%;E%DLI@@>%;\EG?%EIG=?%;Q@CG4<GAE=@AGP%<GGE=AJR%;AP%D@%@A_%$I=D%=D%A@E%E@%D;N%EI;E%EIGDG%;LE=@AD% `G?G% L?MG>% @A>N% E@% EIG% GgEGAE% EI;E% #JAGD% `;D% =A% >@CG% `=EI%&>=ApEIGN%`@M>P%I;CG%QGGA% L?MG>% =A% ;AN% L;DGpQME% EI;E% EIGN%J;=A%;%P=\\G?GAE%<G;A=AJ%\@?%&>=A%`IGA%DIG%\=APD%@ME%EI;E%EI=D%=D%D@_%.E%=D%@AG%@\%EIG%EI=AJD%EI;E%>G;P%MH%E@%IG?%L@A\GDD=AJ%IG?%\GG>=AJD%\@?%#JAGD_%

%*AG%<;N%A@E=LG%EI;E%EI=D%<G;A=AJ%=D%;>?G;PN%J=CGA%E@%EIG%C=G`G?D_%!IGA% &>=A% D;NDR% V.% P@% A@E% `;AE% E@% QG% >=SG% GCG?NQ@PN% G>DG% QME%D@<GE=<GD% .% EI=AS% .i<% ^MDE% >=SG% GCG?NQ@PN% G>DGXR% EIG% C=G`G?D% DGG%#JAGDiD%BM=GE%?GDH@ADGR%V)ME%N@Mi?G%A@EXR%;D%;%DEM<Q>=AJ%GgH?GDD=@A%@\%IG?% >@CG_% $I=D% ;DHGLER% =E% DGG<DR% =D% >@DE% @A% &>=A_% O>;N=AJ% `=EI% EIG%<G;A=AJ% @\% `@?PD% =A% EI=D% `;N% =D% ;% \;<=>=;?% <@CG% =A% EIG% J;<GDR% @?%?;EIG?%H>;NDR% =AC@>CGP% =A% \;>>=AJ% =A% >@CG_%$IG%`@?PDR%Vj@Mi?G%A@E% >=SG%GCG?NQ@PN%G>DGXR%<;N%QG%;A%GgH?GDD=@A%@\%>@CG%@?%;P<=?;E=@AR%QME%EIGN%<;N%;>D@% ;% \?=GAP>N% L@<<GAE_%$I=D%H?@C=PGD% EIG%I@HG\M>% >@CG?% E@%QG%`=EI% EIG% H@DD=Q=>=EN% @\% D;N=AJ% EI=AJD% EI;E% DIG%<;N%`;AE% E@% D;N% =A% ;%BM=EG%DHGL=\=L%DGADGR%QME%DE=>>%P?;`%Q;LS%\?@<%`I;E%`;D%QG=AJ%D;=P%`=EI%;%V.%P=PAiE%<G;A%=E%>=SG%EI;EX%=\%EIG%@EIG?%P@GD%A@E%L;ELI%@AE@%EI=D%DGADGR%@?%?GDH@APD%E@%=E%=A%;%`;N%EI;E%EIG%>@CG?%P=P%A@E%PGD=?G_%%

.A%EIG%\@>>@`=AJ%LI;HEG?D%.%`=>>%@\EGA%G<HI;D=eG%EI=D%=APGEG?<=A;LN%=A%`I;E%`G%<;N%D;N%@\%;A@EIG?iD%`@?PD%@?%;LE=@ADR%E@%<;?S%;%L@AE?;DE%;J;=ADE% EIG% =PG;% EI;E% EIG?G% L@M>P% QG% JGAG?;>% L?=EG?=;% \@?% DGEE>=AJ%`IGEIG?%D@<GEI=AJ%=D%>@CGR%@?%`IGEIG?%D@<G@AG%>@CGD_%$I=DR%I@`GCG?R%P@GD%A@E%L@<<=E%<G%E@%D;N=AJ%EI;E%=E%=D%;>`;ND%MAL>G;?%`I;E%`G%<G;A%QN%@M?%`@?PDR%@?%`I;E%`G%<G;A%QN%E;>S=AJ%;Q@ME%>@CG%=A%;%H;?E=LM>;?%L;DG_% .E% =D% A@E% EI;E% @M?% I@HG\M>% >@CG?% E@% QG% P@GD% A@E% SA@`%`I;E% DIG%<G;AD% QN% IG?%`@?PDR% =E% =D% @A>N% EI;E% DIG% \G;?D%`I;E% L@ADGBMGALGD% =E%<;N%I;CG%E@%D;N%`I;E%DIG%`;AED%E@%D;N%;AP%<G;A%=E_%%

$IG?G% ;?G% ;>D@% @EIG?%`;ND% =A%`I=LI% EIG% EGGA;JG?Di% BMGDE% E@% SA@`%>@CG%@\\G?%=>>M<=A;E=@A%=AE@%EIG%DGADG%=A%`I=LI%>@CG%=D%D@<GEI=AJ%.%<;N%QG%D;=P%E@%>G;?A%\?@<%;AP%=A%?G>;E=@A%E@%@EIG?Dp;>EI@MJI%EIG%DGADG%=A%

& 2# % + # $ !

!

B B !

`I=LI%`G% >G;?A% E@% >@CGR%@\%L@M?DGR% =D%CG?N%P=\\G?GAE% \?@<%<;AN%@EIG?%DGADGD% =A% `I=LI% `G% >G;?A% E@% P@% EI=AJD_% &>=A% =D% L>G;?>N% GgHG?=GAL=AJ%\GG>=AJD%EI;E%;?G%L@AAGLEGP%`=EI%>@CGR%QME%<;AN%@\%IG?%;LE=@AD%E@`;?PD%Q@EI%#JAGDR% IG?% D=DEG?% ;AP% W@I;AR%`=EI%`I@<% DIG% =D% I;C=AJ% ;% DI@?E%;AP%MAGAEIMD=;DE=L%;\\;=?R%;?G%L?MG>R%;D%.%D;=PR%=A%EI;E%DIG%=D%DGG<=AJ>N%MA;`;?G%@\%EIG%<G;A=AJ%IG?%;LE=@AD%I;CG%\@?%EIG<_%/IG%;HHG;?D%E@%QG%MA;`;?G%@\%EIG%\;LE%EI;E%QG=AJ%?G^GLEGP%QN%EIG%@AG%@AG%>@CGDR%;D%W@I;A%;AP%#JAGD%;?GR%IM?E_6F%%

$I=D%=D%@AG%?G;D@A%\@?%?G^GLE=AJ%;A%;LL@MAE%@\%>@CG%<G?G>N%=A%EG?<D%@\%V\GG>=AJDX_%:G?E;=A>NR%>@C=AJ%H?GDMHH@DGD%`I;E%`G%<;N%EI=AS%@\%;D%BM=EG%H?=<=E=CG% ?G;LE=@ADR% ;A%;Q=>=EN% E@% >@CG_%$I=D% ;Q=>=EN%<MDE% =A%@AG%DGADG%QG%J=CGA%E@%MD0%EIG?G%=D%A@%HI=>@D@HI=L;>%GgH>;A;E=@A%;D%E@%`IN%`G%;?G%DMLI%L?G;EM?GD%;D%<;N%>@CG_%a:\_%Y=><;A%7113QR%766476mR%;AP%H_%c27_b%"@`GCG?R%`I;E%<G;A=AJ%`G%<;N%L@<G%E@%DGG%;AP%\=AP% =A%DMLI%?G;LE=@ADR%`I;E% AG`% ?G;LE=@AD%<;N% QG% Q@?A% @ME% @\% @M?% ?G>;E=@ADI=HD%`=EI%@EIG?DR%=D%PGHGAPGAE%@A%EIG%S=AP%@\%>=\G%`G%DI;?G%`=EI%EIG<%;AP%EIG% P=\\G?GAE% ?@>GD% EI;E% EIG% L@ALGHE% @\% >@CG% I;D% EIG?G_% #>EI@MJI%>G;?A=AJ%E@%>@CG%@,--#$%QG%L@<H;?GP%E@%>G;?A=AJ%;%H?;LE=L;>%;Q=>=ENR%=E%=D%A@E%;%<;EEG?%@\%P@=AJ%LG?E;=A%EI=AJDR%<N%;Q=>=EN%J?@`D%;AP%=D%DI;HGP%QN% <N% J;=A=AJ% L@ALGHEDR% QN% <N% >G;?A=AJ% E@% CG?Q;>>N% ;?E=LM>;EG% <N%G<@E=@AD% ;AP% GgHG?=GALGDR% E;>S=AJ% `=EI% @EIG?DR% ;AP% D@% @A_% .A% EI;E%?GDHGLER%.%`=>>%G<HI;D=eG%EIG%`;ND%=A%`I=LI%@M?%MAPG?DE;AP=AJ%@\%>@CG%L;A%QG%D;=P%E@%L@ADE=EMEG%;%<@?;>%MAPG?DE;AP=AJ_%%

$@% Q@??@`% ;% H@=AE% EI;E% ";AAGD% ,NSUAGA% a6FF6b% <;SGD% ;AP%PGCG>@HD%BM=EG%GgEGAD=CG>NR%EIG%P=\\=LM>E=GD%`G%<;N%I;CG%=A%L@AAGLE=@A%`=EI% >@CG%;?G%CG?N% ?;?G>N%SA@`=AJ%`I;E% >@CG% =DR% QME% ;LEM;>>N% >@C=AJ_%$IG%P=\\=LM>E=GD%.%<;N%GgHG?=GALG%=A%;LLGHE=AJ%EIG%E?;ADJ?GDD=@AD%@\%<N%H;?GAED%PM?=AJ%<N%MHQ?=AJ=AJR%=A%\;L=AJ%EIG%H;=AD%@\%D@<G@AG%.%>@CG%@?%DE;AP=AJ%QN%;%\?=GAP%`I@<%@EIG?D%EM?A%;J;=ADER%;?G%A@E%H?=<;?=>N%E@%SA@`%`I;E% >@CG% PG<;APD% @\%<G_%KN%H?@Q>G<% =D% EI;E% .% \;=>% E@% P@% =E_%"G?G%`G%<;N%;>D@%A@EG%EI;E%`I;E%LI;AJGD%&>=AiD%MAPG?DE;AP=AJ%@\%IG?%@`A% ;LE=@AD% =D% A@E% D=<H>N% <@?G% SA@`>GPJGR% QME% ;A@EIG?% ?G;LE=@A_%!IGA%EIG%?G;>=e;E=@A%@\%IG?%L?MG>EN%E@`;?PD%#JAGD%I=ED%IG?R%=E%I=ED%IG?%=A% EIG% \@?<%@\% ?G<@?DG_% /IG% L@<GD% E@% DGG%`I;E%<G;A=AJ%IG?% ;LE=@AD%I;CG%=A%EIG%>=JIE%@\%>@CG_%$I=D%;J;=AR%=D%;A%=<H@?E;AE%`;N%=A%`I=LI%<N%SA@`=AJ%>@CG%=D%;%HG?D@A;>%<;EEG?_%%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%6F%.E%=D%;A@EIG?%BMGDE=@A%`IGEIG?%`G%GgLMDG%IG?%<@?G%\@?%=E%@?%?GJ;?P%IG?%;LE=@AD%=A%;%P=\\G?GAE%>=JIE%QGL;MDG%@\%IG?%N@MAJ%;JG_%

9 * # 6 #3 7 & 8 ! ? + ! , ( $ % ! % # ! 1 $#, ! , . ( % ! 6 # 0 & ! + ' ? !

!

B I !

.A% EIG% \@>>@`=AJ% EI?GG%LI;HEG?D% .%`=>>%;PP?GDD%D@<G%BMGDE=@AD%@AG%<;N% ?;=DG% ;Q@ME% >@CG% QN% ;PP?GDD=AJ% ;% DG>GLE=@A% @\% HI=>@D@HI=L;>%P=DLMDD=@AD%@A% EIG%A;EM?G%@\%G<@E=@A_%,@`R%<;AN%@Q^GLE=@AD%<;N%QG%?;=DGP%;J;=ADE%=AL>MP=AJ%>@CG%=A%EIG%L;EGJ@?N%@\%G<@E=@AD%;D%`G>>%;D%E@%>M<H=AJ% E@JGEIG?% P=\\G?GAE% L@ALGHED% DMLI% ;D% ^@NR% ;AJG?R% \G;?R% >@CGR%I;E?GPR%H=ENR%L@<H;DD=@AR%>@N;>ENR%^G;>@MDNR%PGH?GDD=@AR%Q=EEG?AGDDR%;AP%D@%@AR%MAPG?% EIG%IG;P=AJ%@\%VG<@E=@AX_67%*AG%<;N% EI=AS% EI;E%@AG%@\%EIG% <;=A% H?@Q>G<D% =A% <;AN% HI=>@D@HI=L;>% P=DLMDD=@AD% @\% G<@E=@A%H?GL=DG>N% >=GD% =A% EI=AS=AJ% EI;E% G<@E=@AD% L@ADE=EMEG% ;% P=DE=ALE% ;AP%PG>=AG;EGP% HIGA@<GA@A% =A% @M?% >=\GpD;NR% =??;E=@A;>% G?MHE=@AD% =A% ;A%@EIG?`=DG% ?;E=@A;>% >=\GR% @?% ;% H;?E=LM>;?% S=AP% @\% ^MPJG<GAEDp`I=LI%<;N% QG% P=DE=AJM=DIGP% \?@<% @EIG?% \@?<D% @\% EI=AS=AJR% PGD=?=AJ% @?%QG>=GC=AJ_%%

TM?EIG?<@?GR% @AG%<;N% ;DS%`IGEIG?%`G% P@% =APGGP%`;AE% E@% ?GE;=A%EIG% L;EGJ@?N% G<@E=@A% =\% `G% ?GL@JA=eG% EIG% =AEGJ?;>% ?@>G% G<@E=@A%L@ALGHED%I;CG% =A% EI=AS=AJ% @?%MAPG?DE;AP=AJ% @A% EIG%`I@>G_% .E% L;A% QG%;?JMGP% EI;E% EIG% L@ADGBMGALGD% @\% ?GLGAE% ;EEG<HED% E@% DI@`% EIG%?;E=@A;>=EN%@\%G<@E=@ADR%`I=LI%.%`=>>%P=DLMDD%=A%LI;HEG?D%E`@%;AP%EI?GGR%;?G%<@?G% \;?4?G;LI=AJ% EI;A% D=<H>N% M?J=AJ% MD% E@% ?G\=AG% @?% D@\EGA% @M?%L@ALGHE% @\% ?G;D@A_% $IGN% DI@`% EI;E% EIG% L@ALGHE% @\% ?G;D@A% EI;E%HI=>@D@HIN% I;D% >G;AGP% MH@A% =D% =>>MD@?NR% `I=LI% EI?@`D% ;A% GBM;>>N%PMQ=@MD%>=JIE%@A%EIG%@EIG?%H;=?%@\%EIG%?G;D@A4G<@E=@A%P=C=PG_%.D%EIG?G%;AN% DGADG% =A% G<HI;D=e=AJ% EIG% DHGL=\=L;>>N% G<@E=@A;>% LI;?;LEG?% @\%LG?E;=A% ?G;LE=@ADR% =\% @AG%;J?GGD% EI;E% EIG%P=C=D=@A%QGE`GGA% ?G;D@A%;AP%G<@E=@A%P@GD%A@E%P@%EIG%^@Q%@AG%I;D%`;AEGP%=E%E@%P@Z%%

,GCG?EIG>GDDR% .% `;AE% E@% ?G>;EG% <N% P=DLMDD=@A% @\% >@CG% E@% D@<G%BMGDE=@AD% HG?E;=A=AJ% E@% EIG% G<@E=@ADR% ;PP?GDD=AJR% \@?% Gg;<H>GR% @M?%?GDH@AD=Q=>=EN%\@?%?G;LE=AJ%=A%LG?E;=A%`;NDR%E@%DI@`%=A%`I;E%`;ND%=E%=D%\?M=E\M>% E@% MAPG?DE;AP% >@CG% ;D% L@ADE=EME=AJ% ;A% G<Q@P=GP%MAPG?DE;AP=AJ%@\%@M?DG>CGDR%@EIG?D%;AP%>=\G_%lG>;E=AJ%EIG%G<@E=@AD%;AP%>@CG%E@%I@`%`G%MAPG?DE;AP%@M?%>=CGD%`=EI%G;LI%@EIG?R%<N%=AEG?GDE%J@GD%QGN@AP% DI@`=AJ% EIG% L@JA=E=CG% ;AP% G<Q@P=GP% ;DHGLED% @\% EI=D%MAPG?DE;AP=AJ_% .% ;>D@% `;AE% E@% DI@`% I@`% @M?% L@ALGHE% @\% >@CG%L@ADE=EMEGD%;%<@?;>%HG?DHGLE=CG%@A%@M?DG>CGDR%@EIG?D%;AP%EIG%`@?>P_%%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%67%$IG%P=\\G?=AJ%;EEG<HED%E@%H?@PMLG%>=DED%@\%`I;E%G<@E=@AD%;?G%EIG%Q;D=L%G<@E=@AD%@?%E?MG%G<@E=@ADR%YGDL;?EGD%a7135b%>=DED%V`@APG?R%>@CGR%I;E?GPR%PGD=?GR%^@N%;AP%D;PAGDDX%;D%EIG% D=g% VD=<H>G% ;AP% H?=<=E=CGX% H;DD=@AD% ac5cbn% /H=A@e;% a7116bR% PGD=?GR% H>G;DM?G% ;AP%H;=A%;D% EIG%H?=<;?N%G<@E=@AD% a77FR% ...H77bR%@A>N% EGDE=\N% E@% EIG%H?@Q>G<D% =AC@>CGP% =A%L?G;E=AJ% DMLI% L;EGJ@?=GD% ?;EIG?% EI;A% EIGN% GAL@M?;JG% @AG% E@% DG;?LI% \@?%<@?G% ?G\=AGP%`;ND%@\%L;EGJ@?=e=AJ_%

!

!

!

;!

>,.(%!(!A&&6+$3?DD!

%!I;E% =\% >@CG% `G?G% VA@EI=AJ% <@?G% EI;A% \GG>=AJDX% aK@??=D% 7125bZ%VTGG>=AJD%@\%>@CGX%aK@??=D%7125b%`I=LI%`G?G%G;DN%E@%\@?JGEZ%*?%E;S=AJ%MH%;A@EIG?%DMJJGDE=@A%\?@<%EIG%D;<G%D@AJR%`I;E%=\%>@CG%`G?G%A@EI=AJ%<@?G%EI;A%VEG;?P?@HD%?@>>=AJ%P@`A%@A%<N%\;LGX%aK@??=D%7125bZ%h@AG%;D%D@@A%;D%EIG%EG;?D%I;P%P?=GPZ%!I;E%`@M>P%@M?%>=\G%`=EI%>@CG%>@@S%>=SG%EIGAZ%%

.% D;N% 7%,$! 4*! >@CG% `G?G% A@EI=AJ% QME% ;% \GG>=AJ% @?% ;% H;EEG?A% @\%QGI;C=@M?% QGL;MDG% .% ;<% L@AC=ALGP% EI;E% ;AN% ;EEG<HE% E@% DMJJGDE% EI;E%>@CG% L@AD=DED% =A% I;C=AJ% LG?E;=A% \GG>=AJD% @?% QGI;C=AJ% =A% LG?E;=A%`;ND%=AC@>CGD% ;% ?GPMLE=@A% @\% >@CG% ;AP% ;%<=DMAPG?DE;AP=AJ% @\% EIG%H;?ER% @?%EIG%.4**&(&-$!H;?EDR%EIG%L@ALGHE%@\%>@CG%H>;ND%=A%@M?%>=\G_%.<;J=A=AJ%;%>=\G%=A% `I=LI% D;N=AJ% V.% >@CG% N@MX% @?% V$IGN% >@CG% G;LI% @EIG?X% `@M>P%\MAP;<GAE;>>N% L@AD=DE% =A% ?GH@?E=AJ% D@<G% =AAG?% HIND=L;>% @?% LIG<=L;>%H?@LGDDGD%`I=LI%E;SG%H>;LG%`=EI=A%;%HG?D@A%;AP%;>D@%>G;P%E@%LI;AJGD%=A%I=D%@?%IG?%@MEG?%PG<G;A@M?%=D%=<;J=A=AJ%;%>=\G%EI;E%=D%CG?N%P=\\G?GAE%\?@<% @M?D_% &CGA% DMJJGDE=AJ% EI;E% @M?% E;>S% ;Q@ME% V\GG>=AJDX% ;AP%VQGI;C=@M?X% H?=<;?=>N% DGGSD% E@% PGA@EG% DMLI% =AAG?% ;AP% @MEG?% Q@P=>N%LI;AJGD% =AC@>CGD%L@A\MD=@A%;Q@ME% EIG%?@>GD% EIGDG%L@ALGHED%<;N%I;CG%=A%<;S=AJ%DGADG%@\%@M?%>=\G_%%

KN%D;N=AJ%EI=DR%I@`GCG?R%=D%A@E%E@%QG%DGGA%;D%EIG%MDM;>%P=D<=DD;>%@\%\GG>=AJD% @?% @EIG?% ;DHGLED% @\% @M?% G<@E=@A;>% >=\G% EI;E% =D% ENH=L;>% \@?%!GDEG?A% HI=>@D@HIN% ;AP% LM>EM?G%`I=LI% =A%<;AN% ?GDHGLED% I;CG% QGGA%H>;JMGP%QN%?;E=@A;>=DE=L%EGAPGAL=GD_%/MLI%;%Q;LSJ?@MAP%J=CGD%DGADG%E@%EIG%PG?@J;E@?N%?G<;?S%V=EiD%@A>N% \GG>=AJDX%=A% EIG%;Q@CG%BM@EGP%D@AJR%VTGG>=AJDXR%QME%=E%H@@?>N%DMLLGGPD%=A%<;DS=AJ%EIG%?G;>%PGDHG?;E=@A%EI;E%=D% \G>E% ;E% >@D=AJ% D@<G@AG% >@CGP_% !I;E% <;SGD% V\GG>=AJD% @\% >@CGX% D@%P=\\=LM>E% E@% \@?JGER% `G% L@M>P% D;NR% =D% A@E% EIG=?% L@AAGLE=@AD% `=EI% <GR%`I;E% A% \GG>R% QME% EI;E% EIGN% L@ALG?A%)#0!;AP%`I;E%N@M%<G;A% E@%<G%;D%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%66%:;?;%a713cb_%

? , . ( % ! ( ! A & & 6 + $ 3 ? !

!

B = !

;A@EIG?%IM<;A%QG=AJ%`I@% =A% L;DGD%@\% >@CGR%MA?GBM=EGP%@?%@EIG?`=DG%>@DER%<;N%QG%=<H@DD=Q>G%E@%\@?JGER%I@`GCG?%I;?P%.%E?N%E@_%%

.A%@EIG?%`@?PDR%.%;<%A@E%D;N=AJ%EI;E%\GG>=AJD%P@%A@E%L@MAE_%$IG?G%=D%A@EI=AJ%DE?=S=AJ>N%`?@AJ%;Q@ME%E;>S=AJ%;Q@ME%VEIG%`;N%N@M%<;SG%<G%\GG>XR% E@% BM@EG%K=LI;G>% W;LSD@A% a7132bR% @?% ;DS=AJR% V:;A% N@M% \GG>% EIG%>@CG% E@A=JIEZXR% ;D% P@GD%&>E@A% W@IA% a711mb_%#%`I@>G% ?;AJG% @\% \GG>=AJD%;AP% G<@E=@ADR% =AL>MP=AJ% EIG% QGI;C=@M?% EI;E% L;A% QG% D;=P% E@% J@% `=EI%EIG<R% DMLI% ;D% ;\\GLE=@A% @?% PGD=?GR% PG>=JIE% @?% EGAPG?AGDDR% >@AJ=AJ% @?%GA^@N<GAER% H?=PGR% ;AJG?% @?% ^G;>@MDNR% L;A% QG% GgHGLEGP% E@% \=JM?G% =A% ;%HI=>@D@HI=L;>% ;LL@MAE% @\% >@CGR% ;>EI@MJI% EIG?G% ;?GR% @\% L@M?DGR%P=\\G?GALGD%Q@EI%=A%EIG%`;N%EIGN%;HHG;?R%;D%GgH?GDD=@AD%@\% >@CG%@?%;D%EG<HE;E=@AD%=A%>@CGR%;AP%E@%`I=LI%PGJ?GG%EIGN%P@%H>;N%;%H;?E%=A%>@CG_6c%,G=EIG?%`@M>P%.%IGD=E;EG%E@%D;N%EI;E%;AN%H@?E?;N;>%@\%>@CG%EI;E%P=P%A@E%E;SG%;LL@MAE%@\% EIG%`;ND%=A%`I=LI%D@<G@AG%L;A%GAEG?%;AP%>=JIE%MH%;%?@@<R% LI;AJG% @AGiD% >=\G% ;AP%<;SG% @AGiD% IG;?E% ?;LGR% A@E% E@% D;N% DE@HR%`@M>P%QG%PG\=L=GAE_% .E%`@M>P%QG% >;LS=AJ% =\% =E% P=P%A@E% L;HEM?G% EIG% ^@N%;AP%Gg;>E;E=@A%.%<;N%\GG>%QN%>@@S=AJ%;E%N@M%;AP%\=AP=AJ%N@M%>@@S=AJ%;E%<GR%=A%EIG%<GGE=AJ%@\%@M?%GNGD_%%

*A%EIG%@EIG?%I;APR%.%P@%A@E%`;AE%E@%D;N%EI;E%EIG%=<H@?E;AE%EI=AJ%=D%EI;E%`G%;>`;ND%\GG>%EI=AJD_%:>G;?>N%`G%;?G%A@E%@CG?L@<G%`=EI%\GG>=AJD%GCG?N%E=<G%`G%DGG%EIG%@AGD%`G%>@CG_%#A%;LL@MAE%@\%>@CG%`@M>P%QG%;D%>;LS=AJ% =\% =E% P=P% A@E%<;SG% ?@@<% \@?% EIG% L;><% ;AP% DG?GA=EN% N@M%<;N%Q?=AJ% ;Q@ME% =A% <GR% ;A% GgHG?=GALG% EI;E% <;N% D@<GE=<GD% QG% QGDE%PGDL?=QGP% ;D% ;% >;LS% @\% \GG>=AJD% @?% Q@P=>N% P=DEM?Q;ALGD_% :_% /_% 'G`=D%a718Fb%`G>>% L;HEM?GD% EI=D% =<;JG% @\% \?=GAPDI=H% ;AP% G?@E=L% >@CGR% V;D% =E%`G?GR%LM?>GP%MH%;D>GGHX%`IGA%VEIG%<G?G%G;DG%;AP%@?P=A;?=AGDD%@\%EIG%?G>;E=@ADI=H%a\?GG%;D%D@>=EMPGR%NGE%AG=EIG?%=D%;>@AGb%`?;HD%MD%?@MAP_%,@%AGGP%E@%E;>S_%,@%AGGP%E@%<;SG%>@CG_%,@%AGGPD%;E%;>>%GgLGHE%HG?I;HD%E@%DE=?%EIG%\=?GX%ac5b_%%

,@`R% \G`%HI=>@D@HIG?D%@\% E@P;N%`@M>P%;J?GG%`=EI% EIG%L>;=<% EI;E%>@CG% =D% G=EIG?% ;% \GG>=AJ% @?% ;% H;EEG?A% @\% QGI;C=@M?_%K;AN%`@M>P% ;>D@%PGAN% EI;E%G<@E=@AD% =A%JGAG?;>% L@M>P%QG%MAPG?DE@@P% =A% EI=D%`;N_%$IG%H@D=E=@A% EI;E% G<@E=@AD% ;?G% H?=<;?=>N% \GG>=AJD% I;D% QN% E?;P=E=@A% QGGA%;DD@L=;EGP%`=EI%EIG%HI=>@D@HIN%@\%YGDL;?EGD%a7135R%cc54cc3b%;AP%"M<G%a7123R%6254622bR%`I@%=A%P=\\G?GAE%`;ND%?GJ;?P%H;DD=@AD%;D%=<H?GDD=@AD%@\% HG?LGHE=@AD% @\% EIG% <=AP_% K@?G% ?GLGAE>N% EI=D% C=G`% I;D% QGGA%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%6c% *AG% <;N% ;>D@% A@EG% EI;E% EIG% EG<HE;E=@A% E@% =PGAE=\N% >@CG% `=EI% \GG>=AJD% =D% @\EGA%DE?@AJG?%`IGA%@AG%DHG;SD%@\%G?@E=L%>@CG%EI;A%@\%>@CG%=A%@EIG?%?G>;E=@ADI=HD_%$IG%HM>>%E@%EI=AS% @\% \GG>=AJD% =D% A@E% EI;E% DE?@AJ% =A% EIG% \=?DE% H>;LGR% =AR% D;NR% EIG% >@CG% @\% \?=GAPD% @?%\;<=>N_%%

& 2# % + # $ !

!

B H !

H?@H@DGP%QN% EIG%HDNLI@>@J=DED%!=>>=;<%W;<GD% a733mb%;AP%:;?>%';AJG%a7335bR%;AP%GCGA%>;EG?%=E%I;D%QGGA%?G=AE?@PMLGP%=A%;%AG`%DI;HG%QN%WGDDG%O?=Ae% a6FFmb_% O;M>% h?=\\=EIDR% `I@% =D% @AG% @\% EIG% HI=>@D@HIG?D% .% `=>>%P=DLMDD% =A% <@?G% PGE;=>% =A% EI=D% LI;HEG?R% ;>D@% DGG<D% E@% \@>>@`% DMLI% ;%V,G@4W;<GD=;AX% ;HH?@;LI_6m% $I=D% \@?<% @\% :;?EGD=;A=D<% \=APD% =ED%@HH@D=EG% =A% QGI;C=@M?=D<R% EIG% ;PC@L;EGD% @\% `I=LI% `I@% ;?G% <@DE%SA@`A% =A% HDNLI@>@JN% ;?G% W_)_% !;ED@A% ;AP% )_T_% /S=AAG?_% $IG%QGI;C=@M?=DED% P@% A@E% G<HI;D=eG% EIG% GgHG?=GAE=;>% D=PG% @\% G<@E=@ADR%;>EI@MJI%VEIG%=AAG?X%<;N%GAEG?%EIG=?%;LL@MAED%E@%C;?N=AJ%PGJ?GGDR%QME%DGGS%E@%GgH>;=A%G<@E=@AD%QN%EIG=?%@ME`;?P%<;A=\GDE;E=@AD_%$IG%L>@DGDE%H?@H@AGAE%@\%EI=D%C=G`%`I@%.%`=>>%P=DLMDD%IG?G%=D%h=>QG?E%lN>GR%`I@%QN%D@<G%I;D%QGGA%L@AD=PG?GP%E@%;PC;ALG%;%HI=>@D@HI=L;>%@?%INH@EIGE=L;>%QGI;C=@M?=D<_65%KN%;?JM<GAE%DI@M>P%;>D@%DI@`%`IN%=E%=D%<=D>G;P=AJ%E@%E;SG%!=EEJGADEG=AiD%?G<;?SD%@A%G<@E=@AD%E@%QG%DMJJGDE=CG%@\%DMLI%;%DE;ALG_%%

#D%.%D;=PR%`I;E%E?@MQ>GD%<G%=A%D;N=AJ%EI;E%>@CG%=D%G=EIG?%;%\GG>=AJ%@?%;%H;EEG?A%@\%QGI;C=@M?%=D%A@E%D@%<MLI%DHG;S=AJ%;Q@ME%V\GG>=AJDX%;AP%VQGI;C=@M?XR%;>EI@MJI%.%`=>>%?GEM?A%E@%`IN%LG?E;=A%`;ND%@\%L@ALG=C=AJ%EIGDG%;?G%PGGH>N%H?@Q>G<;E=LR%;D%=E%=D%D;N=AJ%EI;E%>@CG%45%;AN%@AG%EI=AJ_%$IG% E`@% <@CG<GAED% @\\G?% P=;<GE?=L;>>N% P=\\G?GAE% ;AD`G?D% E@% EIG%BMGDE=@A% ;Q@ME% `I;E% G<@E=@AD% ;?Gp:;?EGD=;A=D<% DGG=AJ% G<@E=@A%`@?PD%;D%?G\G??=AJ%E@%D@<G%=AAG?%DE;EGR%`IG?G;D%QGI;C=@M?=D<%?GJ;?PD%EIG<%;D%?G\G??=AJ%E@%D@<G%@MEG?%QGI;C=@M?pQME%EIGN%;?G%Q@EI%;=<GP%;E%EIG%D;<G%BMGDE=@A_%$IGN%E?N%E@%`@?S%@ME%`I;E%=E%=D%EI;E%@M?%G<@E=@A%`@?PD% @?%<GAE;>% L@ALGHED% L;A% QG% DGGA% ;D% ?G\G??=AJ% E@_% $IG%H?@Q>G<R%EIGAR%=D%A@E%EI;E%EIG%E`@%C=G`D%P@%A@E%DM\\=L=GAE>N%E;SG%=AE@%;LL@MAE%EIG%`;ND%=A%`I=LI%?#$%%\GG>=AJD%;AP%QGI;C=@M?%H>;N%;%H;?E%=A%G<@E=@ADp`G%`@M>P%A@E% QG% QGEEG?% @\\%`=EI% ;A% ;LL@MAE% @\% I@`% G<@E=@A%`@?PD%?G\G?%E@%Q@EI%\GG>=AJD%;AP%QGI;C=@M?R%QME%EI;E%Q@EI%;LLGHE%EIG%BMGDE=@A%;Q@ME%`I;E%;A%G<@E=@A%=D%;D%;%>GJ=E=<;EG%BMGDE=@A_%%

$I=D% =D% EIG% ?G\G?GAE=;>% C=G`%@\% EIG%MDG% @\%`@?PD% EI;E%!=EEJGADEG=A%<@DE%CGIG<GAE>N%?G^GLEDR%;AP% =A% EI=D%LI;HEG?% .%`=>>% \@>>@`%I=<%MH%@A%EI=D% ?G^GLE=@A_% !=EI% I=<% .% `=>>% DMJJGDE% EI;E% `G% ?;EIG?% Gg;<=AG% EIG%L@AEGgED% =A%`I=LI%`G%MDG%G<@E=@A%@?%<GAE;>% L@ALGHED% =\%`G%`;AE% E@%QGL@<G%L>G;?%;Q@ME%`I;E%<G;A=AJ%EIGDG%L@ALGHED%<;N%I;CGR%;D%`G>>%;D%`I;E%?@@<%EIG?G%<;N%QG%\@?%\GG>=AJD%;AP%QGI;C=@M?% =A%;A%;LL@MAE%@\%>@CG_% $IG?G\@?GR% EIG%H?GDGAE% LI;HEG?%`=>>% QG%<@?G%P=?GLE>N% L@ALG?AGP%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%6m%.%Q@??@`%EI=D%GgH?GDD=@A%\?@<%OI=>%"MELI=AD@A%a6FF3b_%%65% .E% I;D% ;>D@% QGGA% ;?JMGP% EI;E% DMLI% ;% LI;?;LEG?=D;E=@A%@\%lN>G% =D%<=D>G;P=AJ% a'N@AD%713FQR%71846F7b_%.E%GgEGAPD%EIG%DL@HG%@\%EI=D%`@?S%E@%GAEG?%DMLI%;%P=DLMDD=@A%IG?G_%

? , . ( % ! ( ! A & & 6 + $ 3 ? !

!

B @ !

`=EI% D@<G% @\% !=EEJGADEG=AiD% ?G<;?SD% ;Q@ME% G<@E=@AD% EI;A% ;?G% EIG%\@>>@`=AJ_%$IG%HM?H@DG%@\%EI=D%=DR%\=?DE%@\%;>>R%E@%<;SG%H>;=A%D@<G%@\%EIG%L@AD=PG?;E=@AD% EI;E% .% \=AP% L?ML=;>% \@?% MAPG?DE;AP=AJ% Q@EI% EIG%HI=>@D@HI=L;>%<GEI@PD%.%HME%E@%MDG%=A%EI=D%`@?S%;AP%EIG%=AD=JIED%;Q@ME%IM<;A% >;AJM;JG% ;AP% MAPG?DE;AP=AJ% EI;E% I=D% HI=>@D@HIN% I;D%L@AE?=QMEGP% E@% <N% EI=AS=AJ% ;Q@ME% EIGDG% <;EEG?D_% $IG% P=DLMDD=@A%DI@M>P%;>D@% DG?CG% E@% DI@`%`IN% .% EI=AS%L@ALGHEM;>% =ACGDE=J;E=@AD%;?G%L?ML=;>%\@?%L>;?=\N=AJ%LG?E;=A%L@A\MD=@AD%;Q@ME%G<@E=@AD_%.%P=DLMDD%EI=D%BMGDE=@A%GDHGL=;>>N%`=EI%L@ALG?A%E@%EIG%?GLGAE%L?=E=L=D<%h?=\\=EID%a7112b%I;D%P=?GLEGP%;J;=ADE%L@ALGHEM;>%;A;>ND=D_%%

$IG% \=?DE% \@M?% H;?ED% @\% EIG% LI;HEG?% DGE% @ME% E@% DI@`% `IN% =E% =D%<=D>G;P=AJ%E@%H?=<;?=>N%L@AD=PG?%EIG%`@?PDR%V.%>@CG%N@MX%;D%?GH@?ED%@\%G=EIG?% =AAG?%@?%@MEG?% DE;EGDR%H?@LGDDGD%@?%@LLM??GALGD_%$IG% ?G<;=A=AJ%E`@% H;?ED% E?N% E@% DSGELI% @ME% `I;E% .% EI=AS% =D% ;% <@?G% \?M=E\M>%MAPG?DE;AP=AJ%@\%EIGDG%`@?PDR%;EEG<HE=AJ%E@%DI@`%=A%`I;E%`;ND%EIGN%;?G%=AEG?A;>>N%?G>;EGP%E@%EIG%<@?;>%P?;<;%EI;E%=D%@M?%>=\G_%%

+ !>A&&6+$3?!+$!"#227$+"(%+#$!

&<HI;D=e=AJ% EIG% AGGP% \@?% V\GG>=AJX% =A% ;% HI=>@D@HI=L;>% P=DLMDD=@A% @\%>@CG% I;D% NGE% ;% P=\\G?GAE% P=<GAD=@A% EI;A% EIG% @AGD% .% I;CG%<GAE=@AGP%;Q@CG_%!G%<;N% P=DE=AJM=DI% QGE`GGA% ;E% >G;DE% E`@% DGADGD% @\% V\GG>=AJ%D@<GEI=AJXn% a7b% *&&84-+5% a;D% ;% A@MAb% =A% EIG% DGADG% @\% D@<GEI=AJ% EI;E% .%I;CG% @?% EI;E% E;SGD% H>;LG% =A%<GR% .% \GG>% ;% LI=>>R% ;% H;AJ% @?% ;% EI?@QR% a6b%*&&84-+% a;D%;%CG?Qb% =A%?GJ;?P% E@%<N%E;LEM;>% aE;LE=>Gb%DGADGR% \GG>=AJR%D;NR%EIG% ?@MJIAGDD% @?% D<@@EIAGDD% @\% ;A% @Q^GLE%`=EI%<N% I;APD% @?% @A%<N%DS=A_%";C=AJ%;%P?@H%@\%`;EG?%?@>>%P@`A%<N%AGLS%.%<;N%D;NR%V.%\GG>%;%DI=CG?X%=A%EIG%DGADGR%V$IG%P?@H%<;PG%<GsL;MDGP%<G%E@%DI=CG?XR%QME%.%<;N%;>D@% DHG;S%@\% \GG>=AJ% EIG%P?@H%@A%<N% DS=AR%V.EiD%`GE% ;AP% L@>PXR%V.EiD%;E%EIG%E@H%@\%<N%AGLS%;AP%A@`%=E%<@CGD%P@`A%<N%DH=AGX_%%

!IGA%P=DLMDD=AJ%EIG%?@>G%@\%\GG>=AJ%=A%G<@E=@AD%HI=>@D@HIG?D%I;CG%@\EGA% EGAPGP% E@% \@LMD% @A% EIG% \=?DE% DGADG% @\% \GG>=AJD% ;D% V=AAG?%GgHG?=GALGD% @?% @LLM??GALGDX% ;AP% EIG=?% @ME`;?P% <;A=\GDE;E=@AD_%/HG;S=AJ%;Q@ME%>@CGR%I@`GCG?R%=E%=D%MEEG?>N%<=D>G;P=AJ%A@E%E@%?G\>GLE%@A%EIG%DGL@AP%DGADG%=A%`I=LI%.%L;A%QG%D;=P%E@%\GG>%N@M0%.%L@<G%=A%E@MLI%@?%=A%L@AE;LE%`=EI%N@MR%.% \GG>%N@M%<@CG%;J;=ADE%<GR%.% \GG>%N@M?%E@MLIGDR%S=DDGD%;AP%L;?GDDGDR%;D%N@M%\GG>%<=AG_68%KN%>@AJ=AJ%;AP%PGD=?G%\@?%N@M%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%68% $I=D% AGJ>GLE% =D% <MLI% DE?@AJG?% =A% #AJ>@4#<G?=L;A% HI=>@D@HIN% EI;A% =E% =D% =A%L@AE=AGAE;>% HI=>@D@HIN% `=EI=A% EIG% HIGA@<GA@>@J=L;>R% HDNLI@4;A;>NE=L;>% ;AP%

%

& 2# % + # $ !

!

I G !

=D%=A%<;AN%L;DGD%;%>@AJ=AJ%E@%L@<G%=A%E@MLI%`=EI%N@MR%E@%E@MLI%;AP%QG%E@MLIGPR% E@% I@>P% ;AP%QG%IG>P_%#D% EIG% D@AJ%J@GDR% V.% IMAJG?% \@?% N@M?%E@MLIX%a$IG%l=JIEG@MD%)?@EIG?D%7185b_%.%<;N%QG%D;=P%E@%\GG>%N@M?%>@CG%=A% N@M?% EGAPG?% >@@S% @?% =A% N@M?%`;?<% D<=>GR% ;AP% =E% =D% =<H@?E;AE% EI;E%EI=D%=D%D@<GEI=AJ%.%BM=EG%>=EG?;>>N%*&&8_%.%P@%A@E%@A>N%DGG%EIG%`;?<EI%@\%N@M?%D<=>GR%N@M?%D<=>G%?G;>>N%`;?<D%<G_%)MER%.%;>D@%\GG>%N@M?%>@CG%=A%N@M?% E@MLI% ;AP% =A% <N% E@MLI=AJ% N@M_% .% \GG>% N@M?% `;?<EI% ;AP%EGAPG?AGDD%=A%@M?%G<Q?;LGR%;D%N@M%\GG>%<=AG_%%

.E%I;D%QGL@<G%L@<<@AH>;LG%=A%HI=>@D@HIN%E@%?G>;EG%EI=D%AGJ>GLE%@\%@M?%E;LE=>G%DGADG%E@%EIG%DLGHE=L;>%DE;ALG%HI=>@D@HIG?D%I;CG%E?;P=E=@A;>>N%E;SGA%E@%EIG%Q@PNR%@?%?;EIG?%E@%@M?%>=\G%;D%G<Q@P=GP%QG=AJD_%&CGA%=\%EIG%Q@PN%P@GD%\=JM?G%=A%Q@EI%:;?EGD=;A%;AP%QGI;C=@M?=DE%;LL@MAED%=E%P@GD%D@%<;=A>N% ;D% ;% DG;E% \@?% LG?E;=A%Q@P=>N% LI;AJGD% @?%<@CG<GAEDR% G=EIG?%=AAG?%@?%@MEG?R%`I=LI%;?G%@\\G?GP%;D%L?=EG?=;%\@?%^MPJ=AJ%`I;E%G<@E=@A%=D%E;S=AJ%H>;LG_%)N%P@=AJ%EI=D%EIGN%EGDE=\N%E@%;%QG>=G\%EI;E%@AG%L@M>P%J=CG%;%PGDL?=HE=@A%@\%G<@E=@AD% =A%<G?G>N%HIND=L;>% EG?<DR%MAPG?DE@@P% =A%;%A;??@`%DGADG_%$I=D%C=G`%`=>>%H?@CG%E@%QG%H?@Q>G<;E=L%=A%<N%\@>>@`=AJ%P=DLMDD=@A_%,G=EIG?%;LL@MAE%J=CGD%PMG%A@E=LG%E@%EIG%`;ND%=A%`I=LI%@M?%G<Q@P=<GAE% =EDG>\% H>;ND% ;% H;?E% =A% @M?% MAPG?DE;AP=AJ% @\% @M?DG>CGDR%@EIG?%HG@H>G%;AP%EIG=?%G<@E=@AD_%.%`@M>P%;>D@%DMJJGDE%EI;E%=E%=D%@A>N%=A%C=?EMG% @\% ;DD=JA=AJ% E@% EIG% Q@PN% EI=D% HG?=HIG?;>% ?@>G% EI;E% LG?E;=A%BMGDE=@AD% EI;E%I;CG%I;MAEGP%HI=>@D@HIN%J;=A% ;%J?=H%@A%MD%`IGA%`G%;?G% HI=>@D@HI=e=AJ_62% $IG% \@>>@`=AJ% P=DLMDD=@A% L;A% QG% D;=P% E@% DI@`%D@<G%@\%EIG%L@ADGBMGALGD%@\%EIG%HI=>@D@HI=L;>%EGAPGALN%E@%E;SG%C=D=@A%;D%EIG%>G;P=AJ%<GE;HI@?%\@?%MAPG?DE;AP=AJ%SA@`>GPJG%;E%EIG%GgHGADG%@\%EIG%@EIG?%DGADGD_%%%

#>EI@MJI%Q@EI%:;?EGD=;A=D<%;AP%QGI;C=@M?=D<%;?G%L@ALG?AGP%`=EI%@M?%SA@`>GPJG%@\%G<@E=@AD% EIG=?% \@LMD%P=\\G?D_%:;?EGD=;A=D<%E;SGD%;D%=ED% DE;?E=AJ% H@=AE% <N% SA@`>GPJG% @\% <N% @`A% G<@E=@ADR% `IG?G;D%QGI;C=@M?=D<% =D% H?=<;?=>N% L@ALG?AGP% `=EI% @M?% SA@`>GPJG% @\% @EIG?%HG@H>GiD% G<@E=@AD_% .A% EIG=?% P=\\G?GAE% G<HI;DGDR% EIGN% Q?=AJ% \@?EI%=<H@?E;AE% ;DHGLED% @\% EIG% G<@E=@ADR% EIG% DGADG% =A%`I=LI% G<@E=@AD% ;?G%D@<GEI=AJ%`G%\GG>%;AP%GgHG?=GALG%;D%`G>>%;D%D@<GEI=AJ%EI;E%DI@`D%=A%@M?%QGI;C=@M?_%)N%P@=AJ%EI=DR%EIGN%;>D@%P?;`%;EEGAE=@A%E@%`I;E%L;A%QG%DGGA% ;D% ;A% =<H@?E;AE% ;DN<<GE?N% QGE`GGA% EIG% \=?DE% ;AP% EIG% EI=?P%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%P=;>@J=L;>% E?;P=E=@A_% :\_% G_J_% EIG% HI=>@D@HIN% @\% 'MLG% .?=J;?;NR% &<<;AMG>% 'dC=A;DR&h;Q?=G>%K;?LG>%;AP%K;M?=LG%KG?>G;M4O@AEN_%&62%K;AN%@\%!=EEJGADEG=AiD%?G<;?SD%EI;E%P=DD@>CG%EIG%H?@Q>G<%@\%*EIG?%K=APD%I;CG%EIG%\@?<%@\%?G<=AP=AJ%MD%@\%P=\\G?GAE%;DHGLED%@\%@M?%G<Q@P=GP%>=\G_%%

? , . ( % ! ( ! A & & 6 + $ 3 ? !

!

I ; !

HG?D@A% HG?DHGLE=CG% `IGA% =E% L@<GD% E@% ;EE?=QME=AJ% ;A% G<@E=@A% E@%D@<G@AG_%%

$IG%:;?EGD=;A%C=G`%G<HI;D=eGD%EIG%*4(5$!H&(5#-!HG?DHGLE=CGR%=A%@EIG?%`@?PD% EI;E%G<@E=@AD% ;?G% D@<GEI=AJ% EI;E% A% \GG>_% .E% DE;?ED% @ME% \?@<% EIG%\;LE% EI;E%.%;<%=A%;%H(4348&+&.%H@D=E=@A%`IGA%=E%L@<GD%E@%D;N=AJ%`I;E%.%\GG>_% .% P@%A@E%I;CG% E@% >@@S% ;E%<N%@`A%QGI;C=@M?% E@% SA@`% EI;E% .% ;<%\GG>=AJ% D@<GEI=AJR% `IG?G;D% @EIG?% HG@H>GiD% QGI;C=@M?% =A% @EIG?%`;ND&<;N%AGGP%E@%JM=PG%<G%E@%`I;E%EIGN%\GG>_%$I=D%=D%A@E%E@%D;N%EI;E%.%;J?GG%`=EI%YGDL;?EGD%=A%EI=AS=AJ%EI;E%.%;<%;>`;ND%=<<GP=;EG>N%L@ADL=@MD%@\%EIG% <GAE;>% DE;EGD% EI;E% L;A% QG% ;EE?=QMEGP% E@% <G_% #>EI@MJI% .% P@% A@E%P@MQE%$%,$%.%\GG>%D@<GEI=AJR%=E%=D%A@E%;>`;ND%L>G;?%E@%<G%7%,$%.%\GG>_%#%?G\>GLE=@A% @A% `IGEIG?% .% >@CG% D@<G@AG% <;N% `G>>% E;SG% EIG% \@?<% @\%EI=AS=AJ%;Q@ME%<N%QGI;C=@M?%=A%LG?E;=A%D=EM;E=@AD_%%

$IG% QGI;C=@M?=DED% \@?% EIG=?% H;?E% G<HI;D=eG% EIG% $%4(.! H&(5#-%HG?DHGLE=CG% =A% EI;E%`G%;?G%;Q>G% E@%;EE?=QMEG%G<@E=@AD% E@%@EIG?%HG@H>G%@A%EIG%Q;D=D%@\%EIG=?%QGI;C=@M?_%$IG%SA@`>GPJG%`G%L;A%QG%D;=P%E@%I;CG%;Q@ME% @EIG?% HG@H>GiD% <GAE;>% >=\G% P@GD% A@ER% =A% EI=D% DGADGR% I;CG% E@% QG%L@AD=PG?GP%DGL@AP%?;EGR%;D%YGDL;?EGD%EI@MJIE%=A%@A>N%;DD=JA=AJ%LG?E;=A%SA@`>GPJG%E@%EIG%\=?DE%HG?D@A%=A%I=D%BMGDE%\@?%=APMQ=E;Q>G%SA@`>GPJG_%

"@`GCG?R% =A% G;LI% J=C=AJ%H?=@?=EN% E@% @A>N% @AG% @\% EIG%HG?DHGLE=CGDR%EIGN%QM=>P%@A% E@@%DI;?H%;%P=DE=ALE=@A%QGE`GGA% EIG% \=?DE% ;AP% EIG% EI=?P%HG?D@A_% #D% `G% `=>>% DGG% DI@?E>NR% EIGN% ;>D@% L@<H>GEG>N% \;=>% E@%;LSA@`>GPJG%EIG%DGL@AP%HG?D@A%;AP%EIG%HG?DHGLE=CG%EI;E%VN@MX%L;A%QG%D;=P% E@% L@ADE=EMEG_%$I=D% =D% DGGAR% \@?%@AG% EI=AJR% =A% EI;E% EIGN%<@PG>% EIG%<GEI@P%@\%SA@`=AJ%G<@E=@AD%@A%@QDG?C;E=@AR%;AP%A@E%@AR%D;NR%E;>S=AJ%`=EI%@EIG?D_%&=EIG?%.%?GH@?E%D@<G%=AAG?%DE;EGD%=A%<G%@?%D@<G%@MEG?%@AGD%=A%@EIG?%HG@H>G_%.A%EI=D%EIGN%Q@EI%GgG<H>=\N%;%LG?E;=A%PM;>=D<%QGE`GGA%=AAG?% ;AP% @MEG?R% ;% P=DE=ALE=@A% `I=LI% ;>D@% QG;?D% ?GDG<Q>;ALG% E@% EIG%L>;DD=L;>%P=DE=ALE=@A%QGE`GGA%Q@PN%;AP%D@M>_%%

%.A%EI=D%H=LEM?GR%N@M?%=AAG?%=D%D@<GEI=AJ%.%<;N%@A>N%?G;LI%EI?@MJI%=A\G??=AJ% \?@<% N@M?% QGI;C=@M?_% .\% `GR% I@`GCG?R% ?G\>GLE% @A% `I;E% =E%<G;AD%E@%\GG>%D@<G@AGiD%E@MLI%;AP%<GGE%=A%;A%G<Q?;LG%EIG%P=DE=ALE=@A%QGE`GGA% =AAG?% ;AP% @MEG?% =D% Q>M??GP_% $IG% A@E=@A% @\% ;A% V=AAG?X% ;AP%V@MEG?X%A@%>@AJG?%J;=AD%;%J?=H_%)G=AJ%IMJJGP%QN%N@M%=D%A@E%@QDG?C=AJ%D@<G% QGI;C=@M?% =A% N@MR% A@?% =D% =E% D=<H>N% \GG>=AJ% D@<G% Q@P=>N%<@CG<GAED% ;J;=ADE% <G_% $I=D% ?GCG;>D% @AG% @\% EIG% H?@Q>G<D% `=EI% EIG%VHIND=L;>=D<X%@\%:;?EGD=;A=D<%;AP%QGI;C=@M?=D<R%EI;E%=DR%EIG%EI@MJIE%EI;E% @AG% L@M>P% <;SG% DGADG% G=EIG?% @\% D@<G% \GG>=AJD% =A% EIG% DGADG% @\%Q@P=>N%DGAD;E=@ADR%@?%@\%D@<G%H;EEG?AD%@\%QGI;C=@M?% =A%=D@>;E=@A%\?@<%EIG=?% DM??@MAP=AJ% L@AEGgE% ;AP% =PGAE=\N% @M?% G<@E=@AD% `=EI% EIGDG_%+APG?DE;AP=AJ% D@<GEI=AJ% ;D% ;A% G<Q?;LGR% ;% S=DD% @?% L;?GDD% P@GD% A@E%

& 2# % + # $ !

!

I D !

L@AD=DE%=A%H=LS=AJ%@ME%D@<G%Q@P=>N%<@CG<GAED_%.E%=D%;J;=ADE%EIG%>;?JG?%L@AEGgE% @\% ;% >=\G% =A% `I=LI% `G% GgH?GDD% PGD=?G% ;AP% ;\\GLE=@A% \@?% G;LI%@EIG?%=A%DMLI%`;ND%EI;E%EIGDG%`@?PD%I;CG%<G;A=AJ_%.E%=D%=A%EIG%>=JIE%@\%@M?%>@CGR%@?%@M?%;\\GLE=@A%;AP%\?=GAPDI=HR%EI;E%@M?%I@>P=AJ%G;LI%@EIG?%L@ADE=EMEGD%;A%G<Q?;LGR%;AP%A@ER%D;NR%;%<@CG%=A%EIG%J;<G%@\%`?GDE>=AJ_%.E% =D% =A%D@%\;?%;D%.%DGG%N@M?%E@MLI%;D%GgH?GDD=CG%@\%N@M%;AP%N@M?% >@CG%EI;E%=E%`;?<D%<G_%.E%P@GD%A@ER%\@?%=ADE;ALGR%DE?=SG%<G%;D%H@DDGDD=CGAGDDR%;AP% =\% D@<G@AG% G>DG%`G?G% E@% E@MLI%<G% =A% ;% D=<=>;?%`;N% .%<=JIE% \GG>%L?GGHNR% \GG>=AJ% LI=>>D% ?MA%P@`A%<N%Q@PN_%l;EIG?% EI;A%;EEG<HE=AJ% E@%E?;AD>;EG% @M?% G<Q?;LG% =AE@% ;% @,05,8% ;LL@MAER% `G% L@M>P% D;N% EI;E% =E% =D%GgH?GDD=CG% @\% 4-$&-$4#-,84$)R% J=C=AJ% EGDE=<@AN% E@% EIG% <G;A=AJ% ;AP%D=JA=\=L;ALG%`G%I;CG%\@?%G;LI%@EIG?_%%

lG\>GLE=AJ% @A% EIG%`;ND%`G% L@<G% =A% L@AE;LE% `=EI% G;LI% @EIG?% ;>D@%@\\G?D%;A%=AEG?GDE=AJ%Gg;<H>G%@\%I@`%L;MD;>=EN%;AP%=AEGAE=@A;>=EN%<;N%=AEG?E`=AG_% $IG% `;?<EI% @\% N@M?% Q@PNR% =A% EG?<D% @\% =ED% EG<HG?;EM?GR%<;N%HIND=L;>>N%`;?<%<G% =\% .% ;<R% D;NR% \GG>=AJ% L@>PR% QME% EIG% DGADG% =A%`I=LI% .%<;N%QG%`;?<GP%QN%N@M?% G<Q?;LG%P@GD%-#$% \=JM?G% @A>N% =A% ;%L;MD;>% LI;=AR% DMLI% ;D% =A% EIG% L;DG% @\% \GG>=AJ% ;% DI=CG?% \?@<% ;% P?@H% @\%`;EG?_% $IG% <G;A=AJ% @\% N@M?% G<Q?;LG% L;AA@E% QG% ?GPMLGP% E@% EI=D%HIND=L;>%?GDH@ADG_%.%;<%`;?<GP%A@E%@A>N%QN%EIG%EG<HG?;EM?G%@\%N@M?%Q@PNn%<N% ?GDH@ADG% =D% ;A% G<Q@P=GP% ?GDH@ADG% E@% EIG% PGD=?G% ;AP% >@CG%EI;E%=D%GgH?GDDGP%=A%N@M?%L;?GDD_%.%\GG>R%;D%=E%`G?GR%N@M?%S=DD%Q@EI%@A%<N%>=HD%;AP%=A%EIG%H=E%@\%<N%DE@<;LI_%%

KN%?GDH@ADG%=D%;%?GDH@ADG%E@%N@MR%;%>=C=AJR%\GG>=AJR%IM<;A%QG=AJR%E@%Q@??@`% ;% \;<@MD% H;?;J?;HI% @\% !=EEJGADEG=A% <N% \GG>=AJD% ;?G%GgH?GDD=CG% @\% V;A% ;EE=EMPG% E@`;?PD% ;% D@M>X% a!=EEJGADEG=A% 7112R% 723Gb%GgH?GDD=CG%@\%EIG%>@CG%;AP%PGD=?G%N@M%;`;SGA%=A%<G_%:@AD=PG?=AJ%EIG%S=DDGD%;AP%L;?GDDGD%@\%<;S=AJ%>@CGR%\GG>=AJ%G;LI%@EIG?%@MED=PGR%=AD=PG%;AP%`=EI=AR%=E%P@GD%A@E%DE?=SG%<G%;D%DE?;AJG%E@%DMJJGDE%EI;E%G?@E=L%>@CG%=D% E?M>N% ;%<GGE=AJ% @\% Q@PN% ;AP% D@M>R% =\% `G%`;AE% E@% I@>P% @A% E@% EI;E%P=DE=ALE=@A_% '@LSGP% =A% ;A% G<Q?;LG% .% \GG>% )#0% \GG>=AJ%'&R% \GG>=AJ% N@M%E@MLI%<N%DS=A%;AP%<N%D@M>R%\GG>=AJ%N@M?%D@M>%E@MLI=AJ%<=AGR%E@MLI=AJ%N@M_%$IG%L;?GDDR%@AG%L@M>P%D;NR% =D%L@ADE=EMEGP%QN%;A%=A\=A=EG%P=;>GLE=L_%$IG%\GG>=AJ%@\%N@M?%E@MLI%;>>@`D%<G%E@%DGADG%N@M?%\GG>=AJD_%.%\GG>%N@M?%E@MLI%@A%<G%;AP%EIG%?GDH@ADG%=E%;`;SGAD%=A%<G_%j@M%\GG>%<N%;?@MD;>%=A% <N% E@MLI% `I=LI% DE?GAJEIGAD% N@M?D% ;AP% D@% @A_% V$IG% L;?GDD% =D% ;A%;`;SGA=AJ%E@%N@MR%E@%<GR%E@%MDX%a.?=J;?;N%6FFmR%6Fb_%%

#J;=ADE%EI=D%Q;LSJ?@MAP%EIG%BMGDE=@AR%V"@`%P@%.%SA@`%N@MZXR%@?R%V"@`% P@% .% SA@`% N@M?% \GG>=AJDZX% QGJ=AD% E@% D@MAP% ;QDM?P_% V.% *&&8%EIG<sN@M_X% .% P@% -#$% @QDG?CG% N@M?% E@MLIGD% ;AP% =AEG?H?GE% EIG<% ;D%GgH?GDD=CG% @\% >@CG% ;AP% PGD=?GR% =APML=AJ% D@<G% \GG>=AJ% QGI=AP% N@M?%

? , . ( % ! ( ! A & & 6 + $ 3 ? !

!

I < !

QGI;C=@M?_%.%\GG>%N@M?%PGD=?G%=A%N@M?%E@MLI_%!I;E%.%\GG>R%I@`%.%?GDH@AP%E@% N@MR% L@ADE=EMEGD%<N%MAPG?DE;AP=AJ% @\% N@M_% $IG% BMGDE=@A% @\%`I;E%N@M% \GG>% ?;EIG?% ;?=DGD% `IGA% .% P@% A@E% \GG>% )#0% =A% N@M?% <@CG<GAED_%.ADEG;P%@\%<GGE=AJ%N@M%=A%@M?%E@MLIGDR%.%DGADG%N@M?%P=DE?;LE=@A_%%

l;EIG?% EI;A% \@LMD=AJ% @A% EIG% ?@>G% @\% @QDG?C;E=@A% =A% @M?%MAPG?DE;AP=AJ% @\% @EIG?% HG@H>GR% EI=D% Gg;<H>G% H@=AED% MD% E@`;?PD%@#''0-4@,$4#-_% .E% =DR% \@?% =ADE;ALGR% ?GCG;>=AJ% EI;E%AG=EIG?%:;?EGD=;A=D<%A@?%QGI;C=@M?=D<%;LSA@`>GPJGD% EI;E% =A% EIG%L;DG% .%;<%=A%P@MQE%;D% E@%`I;E%N@M%\GG>R%.%<;N%,5C!N@M_%*M?%<GGE=AJ%DHG;SD%@\%PGD=?GR%NG;?A=AJ%;AP%>@CG%;D%P@%@M?%`@?PD_%$IG%<;=A%G\\@?E%@\%EI=D%LI;HEG?%`=>>%;>D@%QG%E@%DI@`%I@`%=ADEG;P%@\%DG;?LI=AJ%\@?%D@<GEI=AJ%E@%`I=LI%@M?%G<@E=@A%`@?PD%L;A%QG%D;=P%E@%?G\G?R%`G%DI@M>P%H;N%IGGP%E@%7%,$!7&!5,)!$#!&,@%!#$%&(!=A%MD=AJ%EIGDG%`@?PD_%%

$;>S=AJ% ;Q@ME% >@CG% =DR% ;<@AJ% @EIG?% EI=AJDR% E@% E;>S% ;Q@ME% \GG>=AJD%;AP%QGI;C=@M?_% .%DGG%N@M?%\;LG%Q?G;S%@ME% =A%;%D<=>GR% EIG% >@;P%@\%J?=G\%EI;E%`G=JID%P@`A%N@M?%DEGH%@?%EIG%^@N%EI;E%>=JIEGAD%=E_%)ME%<@?G%EI;A%EI;ER% E;>S=AJ% ;Q@ME% >@CG% =D% E;>S=AJ% ;Q@ME% EIG%<GGE=AJD% @\% HG@H>G% ;AP%`I;E% `G% L@<G% E@% <G;A% E@% G;LI% @EIG?% =A% EIGDG_% .E% =D% ;J;=ADE% EIG%Q;LSJ?@MAP% @\% EIGDG%<GGE=AJD% EI;E% @M?% \GG>=AJD% ;AP% QGI;C=@M?% I;CG%P=\\G?GAE% <G;A=AJD_% T@?% =ADE;ALGR% EIGN% L;>>% LG?E;=A% \GG>=AJD% ;AP%QGI;C=@M?%=AE@%BMGDE=@A%;D% =A%EIG%L;DG%@\% EI=AS=AJ0%V/I@M>P%.%A@E%\GG>%<@?G% \@?% IG?Z% a;AP% >GDD% \@?% IG?bXR% @?% D;N=AJR% V.\% N@M% >@CGP%<G% N@M%`@M>P%A@E%QGI;CG%>=SG%EI;E_X%*M?%\GG>=AJD%;AP%QGI;C=@M?%<;N%QG%D;=P%E@% QG% L@ADE=EME=CG% @\% @M?% MAPG?DE;AP=AJ% @\% EIGDG%<GGE=AJDR% QME% =E% =D%`=EI=A% EIGDG%<GGE=AJD%`G%AGGP% E@% DE;?E% =\%`G%`;AE% E@% \=AP% @ME%`I;E%<G;A=AJ% EIGN% <;N% I;CG% ;AP% @\%7%,$! C4-.! #*% 0-.&(5$,-.4-+% EIGN% ;?G%GgH?GDD=CG_%%

+ + !?KP#:K!-&'+3$(%&'!$#%.+$3!(%!(66?!

.A%?GDH@ADG%E@% EIG% EI@MJIE% EI;E%@M?%G<@E=@A%`@?PD%PGD=JA;EG%LG?E;=A%@Q^GLEDR% !=EEJGADEG=A% ?GH>=GPR% ;<@AJ% @EIG?% EI=AJD0% VxW@Ni% PGD=JA;EGD%A@EI=AJ% ;E% ;>>_% ,G=EIG?% ;AN% =A`;?P% A@?% ;AN% @ME`;?P% EI=AJX%a!=EEJGADEG=A% 7182R% qm32b_%#J;=AR% EI=D% =D%A@E% ;%PGA=;>% EI;E% \GG>=AJD% ;D%`G>>%;D%QGI;C=@M?%H>;N%;%H;?E%=A%G<@E=@AD%DMLI%;D%^@NR%J?=G\%;AP%>@CG_%)G\@?G%D;N=AJ%EI;E%^@N%PGD=JA;EGD%A@EI=AJ%;E%;>>R%!=EEJGADEG=A%;AD`G?D%I=D% =<;J=A;?N% =AEG?>@LME@?iD% V)ME% .% P@%I;CG% ;% ?G;>% *&&84-+% @\% ^@NoX% QN%D;N=AJR% VjGDR%`IGA%N@M% ;?G% J>;P%N@M% ?G;>>N% ;?G% J>;P_X% a!=EEJGADEG=A%7182R% qm32b% !G% J@% `?@AJR% I@`GCG?R% `IGA% `G% EI=AS% EI;E% ^@N! 45% \@?%=ADE;ALG% V^@N\M>% QGI;C=@M?X% @?% V;% \GG>=AJ% ?@MAP% EIG% L@?AG?D% @\% EIG%

& 2# % + # $ !

!

I B !

<@MEI%;AP%EIG%GNGDXR%@?%V;A%=A`;?P%EI=AJX%a!=EEJGADEG=A%7182R%qm32b_%$IGDG%;?G%Gg;<H>GD%!=EEJGADEG=A%J=CGD%@\%`I;E%^@N%=D%A@E_%.A%EI=D%`;N%IG% DHG;SD% E@% @M?% EG<HE;E=@A%`IGA% HI=>@D@HI=e=AJ% E@% EI=AS% EI;E% EIG%<G;A=AJ% @\% V^@NX% =D% D@<GI@`% L@AAGLEGP% `=EI% D@<G% @AG% @Q^GLE% @?%?GH?GDGAE;E=@A%EI;E%EIG%`@?P%PGD=JA;EGD_%%

lG>G;D=AJ% @M?DG>CGD% \?@<% EI=D% L@AC=LE=@A% P@GD% A@E% =<H>N% EI;E%`G%I;CG% E@% ?GJ;?P% ^@N% ;D% ;%A@EI=AJ_%#D%!=EEJGADEG=A% D;ND% =A% L@AAGLE=@A%`=EI%H;=AR% V.E% =D%A@E% ;% D@<GEI=AJ% ;AP% =E% =D%A@E% ;% A@EI=AJ% G=EIG?o% $IG%L@AL>MD=@A% `;D% @A>N% EI;E% ;% A@EI=AJ% `@M>P% DG?CG% ^MDE% ;D% `G>>% ;D% ;%D@<GEI=AJ% ;Q@ME%`I=LI% A@EI=AJ% L@M>P% QG% D;=P_X% a!=EEJGADEG=A% 7112R%qcFmb_% .E% =D% A@E% EI;E% E;>S=AJ% ;Q@ME% V^@NX% >;LSD% <G;A=AJR% QME%!=EEJGADEG=A% M?JGD% MD% E@% DGG% EIG%<G;A=AJ% EI=D%`;N% @\% DHG;S=AJ% I;D%D@<G`IG?G%G>DG% EI;A% =A% D@<G%VEI=AJX% EI;E% >=GD%QGI=AP% EIG%`@?P_%"G%`;AED% MD% E@% DGG% `I;E% <G;A=AJ% V^@NX% I;D% =A% @M?% >=\GR% `I=LI% =A%!=EEJGADEG=AiD% >;EG?%`?=E=AJ%=D% =AEG?A;>>N%?G>;EGP%`=EI%?GL@JA=e=AJ%EIG%05&!`G%<;SG%@\%`@?PD%DMLI%;D%V^@NXR%VD;PAGDDX%@?%V>@CGX%=A%P=\\G?GAE%D=EM;E=@AD_%%

#D%.%;>?G;PN%<GAE=@AGPR%;%L@?G%;DDM<HE=@A%@\%EIG%HIND=L;>=D<%EI;E%Q@EI% :;?EGD=;A=D<% ;AP% QGI;C=@M?=D<% ?GH?GDGAE% =D% EIG% =PG;% EI;E% @AG%L@M>P% D=AJ>G% @ME% ;A% =D@>;EGP% GH=D@PGR% DMLI% ;D% ;% DGAD;E=@A% @?% ;% \;L=;>%<@CG<GAER% ;AP% =PGAE=\N% =E% `=EI% >@CGR% @?% `=EI% ;AN% @EIG?% G<@E=@A_%!=EEJGADEG=A%BMGDE=@AD%EIG%=AEG>>=J=Q=>=EN%@\%EI=D%=PG;%QN%?G<=AP=AJ%MD%@\% EIG% AGGP% \@?% L@AEGgE% \@?% MAPG?DE;AP=AJ% G<@E=@A;>% GgH?GDD=@AD_%!IGA%`G% DHG;S% @\% ^@NR% J?=G\R% I@HG% ;AP% >@CGR% IG% D;NDR% =E% =D% A@E% L>G;?%`I;E%DGADG%=E%L@M>P%I;CG%E@%=PGAE=\N%;%LG?E;=A%DGAD;E=@A%`=EI%EIG%D;=P%G<@E=@A% =A% EIG% \=?DE% H>;LG_% #D% ;% L@AE?;DE% E@% EI=D% IG% @\EGA% MDGD% EIG%Gg;<H>G%@\%H;=AR% =A% EIG%L;DG%@\%`I=LI%;A% =PG;%@\%;A% =D@>;EGP%GH=D@PG%I;D%<@?G%I@>P_%%

Vh?=G\X% PGDL?=QGD% ;% H;EEG?A% `I=LI% ?GLM?DR% `=EI% P=\\G?GAE%C;?=;E=@ADR%=A%EIG%`G;CG%@\%@M?%>=\G_%.\%;%<;AiD%Q@P=>N%GgH?GDD=@A%@\%D@??@`%;AP%@\% ^@N%;>EG?A;EGPR%D;N%`=EI%EIG%E=LS=AJ%@\%;%L>@LSR%IG?G% `G% DI@M>P% A@E% I;CG% EIG% LI;?;LEG?=DE=L% \@?<;E=@A% @\% EIG%H;EEG?A%@\% D@??@`%@?%@\% EIG%H;EEG?A%@\% ^@N_X% a!=EEJGADEG=A%7112R%72mGb%

VT@?%;%DGL@AP%IG%\G>E%C=@>GAE%H;=A_Xp!IN%P@GD%=E%D@MAP%BMGG?%E@%D;N0%VT@?%;%DGL@AP%IG%\G>E%PGGH%J?=G\XZ%*A>N%QGL;MDG%=E%D@%DG>P@<%I;HHGADZX%a!=EEJGADEG=A%7112R%72mGb%

:@M>P% D@<G@AG% I;CG% ;% \GG>=AJ% @\% ;?PGAE% >@CG% @?% I@HG% \@?% EIG%DH;LG%@\%@AG% DGL@APp-#!',$$&(!7%,$!H?GLGPGP%@?% \@>>@`GP% EI=D%DGL@APZp!I;E% =D% I;HHGA=AJ% A@`% I;D% D=JA=\=L;ALGp=A% EIGDG%DM??@MAP=AJD_%$IG%DM??@MAP=AJD%J=CG%=E%=ED%=<H@?E;ALG_%#AP%EIG%

? , . ( % ! ( ! A & & 6 + $ 3 ? !

!

I I !

`@?P% xI@HGi% ?G\G?D% E@%;%HIGA@<GA@A%@\%IM<;A% >=\G_% a#%D<=>=AJ%<@MEI%D<=>GD%@A>N%=A%;%IM<;A%\;LG_b%a!=EEJGADEG=A%7112R%q53cb%%

$IG%P=\\G?GALGD%QGE`GGA%H;=A%@A%EIG%@AG%I;AP%;AP%J?=G\%;AP%>@CG%@A%EIG% @EIG?% I;AP% EI;E% !=EEJGADEG=A% Q?=AJD% @ME% ;?G% A@E% H?=<;?=>N%P=\\G?GALGD%=A%EIG%BM;>=E=GD%@\%EIG%GgHG?=GALGD%=AC@>CGP%QME%P=\\G?GALGD%=A%EIG%+(,'',(%@\%VH;=AX%;AP%V>@CGX_%!IG?G;D%=E%<;SGD%DGADG%E@%D;NR%V.%^MDE% \G>E% ;% EI?@Q%@\%H;=AXR% =E% =D%MAL>G;?%`I;E% DGADG%`G%;?G% E@%<;SG%@\%D@<G@AG%D;N=AJ%@ME%@\%EIG%Q>MGR%V.%I;P%;%\GG>=AJ%@\%>@CG%?=JIE%A@`R%QME%=E% ^MDE% `GAE% ;`;N_X% .A% @EIG?% `@?PDR% `IG?G;D% `G% <;N% =D@>;EG% ;A%GH=D@PG% @\% H;=A% ;AP% >@L;EG% =E% =A% LG?E;=A% Q@PN% H;?EDR% EIG?G% ;?G% -#%GH=D@PGD%@\%>@CG%G=EIG?%=A%<N%\GG>=AJD%@?%=A%<N%QGI;C=@M?%EI;E%`G%<;N%=D@>;EG% ;AP% =PGAE=\N% ;D% >@CG_% KN% >@C=AJ% D<=>G% P@GD% A@E% D=E% =A% D@<G%DHGL=\=L%<@CG<GAED%@\%<N%\;LG_%.%<;N%J@%E@%EIG%P@LE@?%;AP%D;NR%V.%\GG>%;% DE;Q%@\%H;=A% =A%<N%LIGDEX%@?% V.% \GG>%;% E=AJ>=AJ% DGAD;E=@A% =A%<N% >G\E%E@G_X%$IG%AGgE%<@?A=AJ%.%<;N%EG>>%N@MR%V.%DE=>>%\GG>%EI;E%DE;QQ=AJ%H;=AX%@?%V.%P@%A@E% \GG>% =E% ;AN<@?GX_%$G>>=AJ%N@MR%V.% >@CG%N@MXR%I@`GCG?R% =D%A@E%D;N=AJR%V.%I;CG%EI;E%\GG>=AJ%;J;=AX_%$I=D%=D%E?MG%GCGA%=\%.%D;N%V.%*&&8!>@CG% \@?% N@M_X% ,G=EIG?% =D% ;DS=AJR% VY@% N@M% DE=>>% >@CG% <GXR% ;A%GAL@M?;JG<GAE% E@%LIGLS%I@`%N@M%;?G% \GG>=AJ%?=JIE%A@`R%;D%N@M%<;N%E?N%E@%\GG>%I@`%;%D@?G%DH@E%\GG>D%E@P;N_63%

+APGA=;Q>N%EIG?G%;?G%\GG>=AJD%;AP%QGI;C=@M?%EI;E%;?G%GgH?GDD=CG%@\%>@CG_% WMDE% EI=AS% @\% EIG% `;ND% =A% `I=LI% GgH?GDD=@AD% DMLI% ;DR% V.% I;CG%QMEEG?\>=GD%=A%<N%DE@<;LIXR%VKN%IG;?E%<=DDGP%;%QG;EX%V.%?G;LIGP%@ME%E@%E@MLI%N@M?%I;APX%V$IG?G%`;D%;%E`=AS>G%=A%N@M?%GNGXR%<;N%GAEG?%@M?%L@ACG?D;E=@AD% ;Q@ME% >@CG_% :@AD=PG?R% \@?% Gg;<H>GR% I@`% h?MDIGAS;%L@A\GDDGD%IG?% >@CG% \@?%K=EN;% =A%Y@DE@GCDSNiD%"%&!R(#$%&(5!1,(,',S#3_%!G%<GGE%EIG<%@A%EIG%D;<G%A=JIE%EI;E%IG%I;D%\@>>@`GP%IG?%E@%EIG%E@`A%`IG?G%DIG%`GAE%E@%<GGE%EIG% >@CG%@\%IG?%N@MEIR%;A%@\\=LG?%`I@%;E%EI=D%<GGE=AJ%EM?AD%@ME%E@%QG%D@<GEI=AJ%BM=EG%@EIG?%EI;A%DIG%I;P%GgHGLEGP_%%

VK=EN;%P;?>=AJR%DE;NR%P@AiE%J@%;`;N_%.%`;AE%E@%D;N%@AG%`@?P%E@%N@MRX% DIG% `I=DHG?GPR% ;AP% DMPPGA>N% ?;=DGP% IG?% \;LG% E@% I=<_%V'=DEGAR%EG>>%<G%`I@%=E%=D%.%>@CGZ%.%>@CG%@AG%<;A%IG?G_%!I@%=D%EI;E%<;AZ%$I;EiD%`I;E%N@M%<MDE%EG>>%<G_X%%#% D<=>G% >=JIEGP% MH% IG?% \;LG% EI;E%`;D% D`@>>GA%`=EI%`GGH=AJR%

;AP%IG?%GNGD%DI@AG%=A%EIG%I;>\%P;?SAGDD_%%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%63%$I;E%`G%@\EGA%;DS%VY@%N@M%>@CGZX%=ADEG;P%@\%VY@%N@M%\GG>%>@CGZX%;>D@%J=CGD%MD%;%L>MG%EI;E%`I;E%D@<G@AG%\GG>D%=D%A@ER%@?%A@E%AGLGDD;?=>NR%@M?%H?=<G%=AEG?GDE_%%

& 2# % + # $ !

!

I C !

V#%\;>L@A%\>G`%=AR%;AP%<N%IG;?E%D;AS%`=EI=A%<G_%xT@@>o%$I;EiD%EIG%<;A%N@M%>@CGoi%$I;E%`;D%`I;E%<N%IG;?E%`I=DHG?GP%E@%<G%;E%@ALG_% j@M% L;<G% =AR% ;AP% GCG?NEI=AJ% J?G`% Q?=JIE_X% aY@DE@GCDSN%71m1R%cc1b%%

$IG%`;ND%=A%`I=LI%Y@DE@GCDSN%IG?G%DHG;SD%@\%IG?%D<=>G%V>=JIE=AJ%MH%IG?%\;LGXR%VIG?%GNGD%DI=A=AJX%;AP%VIG?%IG;?E%D=AS=AJ%`=EI=A%IG?X%J=CGD%L@AEGAE% E@% EIG% =PG;% EI;E%`G% ;?G%`=EAGDD=AJ% ;% L@A\GDD=@A% @\% >@CG_% )ME%L@M>P% `G% =D@>;EG% EI=D% DLGAG% ;AP% EI=AS% EI;E% `G% I;P% L;HEM?GP% `I;E%\GG>=AJD%;?G%GDDGAE=;>%E@%>@CGZ%:;A%`G%A@E%G;D=>N%EI=AS%@\%D=EM;E=@AD%=A%`I=LI% EIG% D;<G% \GG>=AJD% ;AP% QGI;C=@M?% `@M>P% H>;N% ;% H;?E% =A% BM=EG%P=\\G?GAE%PGDL?=HE=@AD%@\%`I;E%I;P%I;HHGAGPn%V"G?%GNGD%DI@AG%=A%EIG%I;>\%P;?SAGDD%;D%DIG%LMAA=AJ>N%H?@LGGPGP%E@%GgH>;=A%I@`%EIGN%`@M>P%J@%@A%`=EI%EIG=?%?GCGAJG_X%VKN%IG;?E%D;AS%`=EI=A%<GR%`IGA%.%?G;>=eGP%EI;E%.%`@M>P%AGCG?%QG%;Q>G%E@%LI;AJG%IG?%<=AP_X%%

.E% =DR% ;D% =E% `G?GR% ;J;=ADE% EIG% Q;LSJ?@MAP% @\% @M?% >=\G% EI;E% LG?E;=A%\GG>=AJD%;AP%QGI;C=@M?%I;CG%EIG%<G;A=AJ%EI;E%EIGN%I;CGR%@?%GCGA%I;CG%;AN%<G;A=AJ% ;E% ;>>_% .A% @AG% L@AEGgER% D;N=AJR% V.% \GG>% QMEEG?\>=GD% =A%<N%DE@<;LIX% <G;AD% V.% ;<% ?G;>>N% AG?C@MD% ;Q@ME% E;>S=AJ% =A% \?@AE% @\% ;>>%EIGDG% HG@H>GX_% .A% ;A@EIG?% L@AEGgER% EI=AS=AJ% ;Q@ME% N@MR% `I@<% .% ^MDE%<GE% ;AP% `I@% L;MJIE% <N% ;EEGAE=@AR% .% EI=AS% E@% <NDG>\R% V#>>% EIGDG%QMEEG?\>=GD%=A%<N%DE@<;LIZ%.%<MDE%QG%\;>>=AJ%=A%>@CG_X%.A%;%EI=?P%L;DGR%<N% DHG;S=AJ% ;Q@ME% QMEEG?\>=GD% =A% <N% DE@<;LI% =D% E@% N@M% ;% L>G;?%DN<HE@<%@\%=AP=JGDE=@A_61%$I=D%=D%;>D@%I@`%.%E;SG%=E%`IGA%OGEG?%!=ALIR%=A% L@<<GAE=AJ% @A% V;% PGDL?=HE=@A% @\% ;A% G<@E=@A;>R% GCGA% DH=?=EM;>R%GAL@MAEG?% z% L@MLIGP% >;?JG>N% =A% xHIND=L;>% EG?<DiXR% D;ND% EI;E% XEIG%HIND=L;>%=AEG?;LE=@A%QGE`GGA%EIG%E`@%=EDG>\%=D%`I;E%=E%=D%;AP%=D%?GCG;>GP%;D%`I;E%=E%=D%@A>N%`=EI=A%DMLI%;%`GQ%@\%IM<;A%?G>;E=@ADI=HDX%a!=ALI%7132QR% 7mcb_% .E% =D% A@E% EI;E%`G% J=CG% P=\\G?GAE% D=JA=\=L;ALG% E@% EIG% D;<G%\GG>=AJD% ;AP%QGI;C=@M?% =A%P=\\G?GAE% D=EM;E=@AD_%*M?%MAPG?DE;AP=AJ%@\%`I;E% S=AP% @\% \GG>=AJ% =E% =D% J@GD%`=EI% @M?% MAPG?DE;AP=AJ% @\%`I;E% EIG%D=EM;E=@A%=D_%%

&CGA%`IGA%`G%DHG;S%@\%H;=AR%=E%=D%L>G;?%EI;E%EIG%?G\G?GALG%E@%LG?E;=A%=D@>;EGP%DGAD;E=@AD%P@GD%A@E%GgI;MDE%EIG%<G;A=AJDR%@?%MDGDR%@\%VH;=AX_%%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%61%#D%`G%`=>>%DGGR%=E%E;SGD%BM=EG%DHGL=;>%L=?LM<DE;ALGDpHG?I;HD%J@=AJ%\?@<%;%<GGE=AJ%`=EI%N@M%E@%;%^@Q%=AEG?C=G`p\@?%<G%E@%;DS_%V*IR%.i<%I;C=AJ%QMEEG?\>=GD_%#<%.%\;>>=AJ%=A%>@CG%@?%P@%.%^MDE%\GG>%AG?C@MD%;Q@ME%EIG%=AEG?C=G`ZX%.%`=>>%?GEM?A%E@%EI=D%H@=AE%>;EG?_%

? , . ( % ! ( ! A & & 6 + $ 3 ? !

!

I = !

*A>N% DM??@MAPGP% QN% LG?E;=A% A@?<;>% <;A=\GDE;E=@AD% @\% >=\GR% =D%EIG?G%DMLI%;%EI=AJ%;D%;A%GgH?GDD=@A%@\%H;=A_%*A>N%DM??@MAPGP%QN%;A%GCGA%<@?G%\;?4?G;LI=AJ%H;?E=LM>;?%<;A=\GDE;E=@A%@\%>=\GR%DMLI%;%EI=AJ% ;D% EIG% GgH?GDD=@A% @\% D@??@`% @?% ;\\GLE=@A_% #AP% D@% @A_%a!=EEJGADEG=A%7182R%q5cmb_%%

#A%;LL@MAE%@\%H;=A%EI;E%`@M>P%=PGAE=\N%H;=A%`=EI%LG?E;=A%DGAD;E=@AD%@?%L@AE@?E=@AD%@\%EIG%\;LG%`@M>P%\;=>%E@%;LSA@`>GPJG%EIG%Q;LSJ?@MAP%EI;E%=D%AGGPGP%E@%MAPG?DE;AP%`I;E%=E%=D%\@?%D@<G@AG%E@%QG%=A%H;=AR%L@<=AJ%E@%DGG%D@<G@AGiD%\;LG%;D%L@AE@?EGP%QN%H;=AR%;AP%D@%@A_%%

*AG%`;N%@\%;HH?@;LI=AJ%!=EEJGADEG=AiD%DMJJGDE=@A%EI;E%=E%=D%V@A>N%DM??@MAPGP%QN%;A%GCGA%<@?G%\;?4?G;LI=AJ%H;?E=LM>;?%<;A=\GDE;E=@A%@\%>=\G% vEI;E% EIG?G% =Dw% DMLI% ;% EI=AJ% ;D% EIG% GgH?GDD=@A% @\% D@??@`% @?%;\\GLE=@AXR% ;APR% .%`@M>P%;PPR% >@CGR% =D% EI?@MJI%!=EEJGADEG=AiD% ?G<;?S%EI;E% H;=AD% QN% L@AE?;DE%`=EI% >@CG% ;AP% J?=G\% I;CG% VJGAM=AG% PM?;E=@AX%a!=EEJGADEG=A%7182R%qm26bn%EIGN%I;CG%;%QGJ=AA=AJR%;%L@M?DG%;AP%;A%GAP_%j@M%L;A%;DS%V!IGA%P=P%N@M%QGJ=A%\GG>=AJ%H;=AZX%@?%V"@`%>@AJ%I;CG%N@M%\G>E%EI=D%H;=AZXR%;AP%=A%<@DE%L;DGD%.%L;A%J=CG%N@M%;A%;AD`G?_%!IGA%.% DE;?EGP% @?% DE@HHGP% I;C=AJ% LG?E;=A% \GG>=AJD% =D% A@E% ?G>GC;AE% E@% EIG%BMGDE=@A%`IGEIG?%.%>@CG%=A%EIG%D;<G%`;N_%%

$IG%L@AE?;DE%`=EI%>@CGR%@\%L@M?DGR%=D%A@E%EI;E%>@CG%<;N%A@E%QG%D;=P%E@%I;CG%;%QGJ=AA=AJR%;%L@M?DG%;AP%;A%GAP_%,@?%=D%=E%EI;E%=E%<;N%QG%<@?G%P=\\=LM>E%E@%H@=AE%@ME%EIG%Gg;LE%QGJ=AA=AJ%@?%GAP%@\%;%>@CG%EI;A%=E%=D%@\%;%H;=A_%.E%=D%L@ADE=EME=CG%@\%G?@E=L%>@CG%EI;E%N@M%;AP%.%<;N%EG>>%;%DE@?NR%@?%E`@% P=\\G?GAE% DE@?=GDR% ;Q@ME% I@`% `G% <GER% I@`% `G% DE;?EGP% I;C=AJ%\GG>=AJD%\@?%G;LI%@EIG?%;AP%I@`%EIGN%PGCG>@HGPR%EIG%\=?DE%E=<G%.%@?%N@M%D;=PR% V.% >@CG% N@MX_% /@<GE=<GD% `G% ;?G% ;>D@% ;Q>G% E@% ?GL@MAE% I@`% `G%DE@HHGP% VI;C=AJ% \GG>=AJDX% \@?% G;LI% @EIG?% ;AP% I@`% `G% GCGAEM;>>N%H;?EGP_%!IG?G%>@CG%;AP%H;=A%P=\\G?% =D%?;EIG?% =A%%#7% EIG%BMGDE=@A%@\%;%QGJ=AA=AJ%;AP%;A%GAP%GAEG?D%=AE@%EIG%E`@%L;DGD_%$I=AS%@A>N%;Q@ME%EIG%`;ND% =A%`I=LI% EIG?G%<;N%QG%;%P=D;J?GG<GAE%;D% E@%`IGEIG?% D@<G@AG%I;D% DE@HHGP% >@C=AJ% ;A@EIG?% =A% `;ND% `G% `@M>P% A@E% P=D;J?GG% ;Q@ME%D@<G@AG%QG=AJ%=A%H;=A_%%

*M?%MAPG?DE;AP=AJ% EIG% =ADE;AE%Y@DE@GCDSN%PGDL?=QGD%;Q@CG%;D% EIG%<@<GAE% EI;E% h?MDIGAS;% QGJ;A% E@% >@CG%K=EN;% PGHGAPD% A@E% @A>N% @A%`I;E%I;HHGAD%;E%EI;E%<@<GAER%IG?%IG;?E%D=AS=AJR%GCG?NEI=AJ%J?@`=AJ%Q?=JIE_% .E% PGHGAPD% @A% EIG% EI=AJD% EI;E% I;HHGA% QG\@?G% ;AP% ;\EG?% EI=D%<@<GAE%=A%;%`;N%EI;E%MAPG?DE;AP=AJ%D@<G@AG%;D%QG=AJ%=A%H;=A%P@GD%A@E_%!G%<;N%DHG;S%@\%H;=AD%L@<=AJ%;AP%J@=AJR%;\\GLE=AJ%@AGiD%>=\G%\@?%A@% >@AJG?% EI;A% EIG% PM?;E=@A% @\% EIG% H;=AR% QME% =\% D@<G@AGiD% G?@E=L%\GG>=AJD% ;?G% L@ADE;AE>N% \>GGE=AJR% ;D%h?MDIGAS;iD% DGG<GP% E@% QG% QG\@?G%EI=D%<@<GAER%`G%P@%A@E%L@AD=PG?%EIG<%;%L;DG%@\%>@CG_%.ADEG;P%`G%<;N%

& 2# % + # $ !

!

I H !

DHG;S% @\% EIG<% ;D% ;A% =A\;EM;E=@A% @?% ;D% >MDE_% .E% =D% =A% EIG% >=JIE% @\%h?MDIGAS;iD% `=>>% E@% DE;AP% QN% K=EN;% GCGA% `IGA% IG% =D% ;LLMDGP% @\%<M?PG?R%IG?%\;=EI%=A%I=D%=AA@LGALG%;AP%IG?%`=>>%E@%E;SG%@A%H;?E%@\%EIG%Q>;<GR%EI;E%=E%=D%<G;A=AJ\M>%E@%DHG;S%@\%EI=D%<@<GAE%;D%EIG%QGJ=AA=AJ%@\%IG?%>@CG_%.\%=E%`G?G%A@E%\@?%EIG%=<H;LE%EI=D%<@<GAE%I;P%@A%IG?%;AP%IG?%?G>;E=@ADI=H%E@%I=<%;AP%EIG%LI;AJGD%=E%Q?@MJIE%;Q@ME%=A%IG?%;AP%=A%IG?%;EE=EMPGD%E@`;?PD%I=<R%=E%`@M>P%QG%P=\\=LM>E%E@%E;SG%IG?%L@A\GDD=@A%@\% >@CG% ;AN%<@?G% DG?=@MD>N% EI;A%IG?%H?GC=@MD%J?GGE=AJ% E@%K=EN;% EI;E%DIG%I;P%V>@CGP%I=<%@A>N%;A%I@M?X%aY@DE@GCDSN%71m1R%628b_cF%%

$IG%D;<G%L@M>P%QG%D;=P%;Q@ME%h?MDIGAS;iD%?G;LE=@A%E@%IG?%\@?<G?%>@CG?% ;AP% EIG%`;ND% =A%`I=LI%IG?% >@CG% \@?%I=<%L@<GD% E@% ;A% GAP% EI;E%A=JIE_%K@<GAED%QG\@?G%K=EN;%GAEG?D%DIG%P@GD%A@E%?GL@JA=eG%I=<_%%

#AP%EI=D%=DAiE%IG%;E%;>>o%!;D%IG%>=SG%EI=DZ%.E%<=JIE%QG%I=D%\;EIG?o%!IG?G%P=P%N@M%JGE%N@M?%`=J%\?@<Z%"G%`;D%;%\;>L@A%QME%EI=D%=D%;%J;APG?_%aY@DE@GCDSN%71m1R%cccb%%

v"wG%`;D%D@%S=AP%E@%<GR%D@%<G??NR%IG%MDGP%E@%D=AJ%E@%<G%___%*?%D@%=E%DGG<GP%E@%;%D=>>N%J=?>%>=SG%<G_%%___%#AP%A@`R%*%'@?PR%=EiD%A@E%EIG%D;<G%<;A_%aY@DE@GCDSN%71m1R%

cc3b%

$IG% <;A% EI;E% h?MDIGAS;% <GGED% EI=D% GCGA=AJ% =D% A@E% EIG% <;A% @\% IG?%I@HGD%;AP%P?G;<D_%O;?E%@\%EI=D%L;AR%@\%L@M?DGR%QG%DGGA%=A%EI;E%EIG%>@CG%@\% IG?% N@MEI% I;D% LI;AJGP0% IG% =D% =APGGP% A@E% EIG% D;<G% <;A% IG% `;D%QG\@?G_% )ME% .% EI=AS% `G% \;=>% E@% L;HEM?G% D@<GEI=AJ% =<H@?E;AE% =A% EIG%D=EM;E=@A%=\%`G%?GPMLG%=E%E@%;%LI;AJG%=A%I=<_%'@C=AJ%D@<G@AG%GCGA%=A%DH=EG%@\%;%?;P=L;>%LI;AJG%=D%A@E%\@?G=JA%E@%>@CG_%,G=EIG?%P@%`G%L;HEM?G%`I;E% I;HHGAD% =\% `G% EI=AS% @\% =E% <G?G>N% =A% EG?<D% @\% ;% LI;AJG% =A%h?MDIGAS;iD% \GG>=AJDR% ;>EI@MJI% EIGN% ;>D@% H>;N% ;% L?ML=;>% H;?E% =A% EIG%D=EM;E=@A_%%

!I;E%LI;AJGD%;E%EI;E%<@<GAER%`G%L@M>P%D;NR%=D%A@E%@A>N%`I@%IG%=DR%@?%EIG%`;N%DIG%\GG>D%\@?%I=<R%QME%,88!EIG%`;ND%=A%`I=LI%DIG%L@<GD%E@%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%cF%!=EEJGADEG=A%a7112b%;DSGP%`IGEIG?%=E%=D%<G;A=AJ\M>%E@%DMJJGDE%EI;E%D@<G@AG%I;D%V;%\GG>=AJ%@\%;?PGAE%>@CG%@?%I@HG%\@?%EIG%DH;LG%@\%@AG%DGL@APX%aq53cb_%.%D;NR%;A%I@M?%P@GD%A@E%<;SG%EI=AJD%<MLI%QGEEG?_%.E%=D%A@E%EI;E%=E%=D%<G;A=AJ>GDD%\@?%h?MDIGAS;%E@%D;N%EI;E%DIG% >@CGP% K=EN;% \@?% ;A% I@M?R% Y@DE@GCDSN% a71m1b% I=<DG>\% D;ND% DIG% >@CGP% I=<%VJGAM=AG>N%;AP%D=ALG?G>NX%\@?%EI;E%I@M?%a637b_%"@`GCG?R%=E%?G<;=AD%MAL>G;?%`I;E%=E%=D%EI;E%DIG%<G;AD%QN% EIGDG%`@?PD_%YGL>;?=AJ% EI;E%DIG% >@CGP%I=<%\@?%;A%I@M?% =D%A@E% EIG%D;<G% ;D%PGL>;?=AJ% EI;E% DIG% >@CGD%I=<R%A@?% =D% =E% EIG% D;<G% ;D% D;N=AJ% EI;E% DIG% DGL?GE>N%>@CGP% I=<%PM?=AJ% ;% LG?E;=A% DE;JG% @\% EIG=?% ?G>;E=@ADI=H_% OG?I;HD% @AG% L@M>P% C=G`%IG?%\GG>=AJD%;D%;A%=A\;EM;E=@AR%DMLI%;D%EIG%@AG%DIG%;>D@%I;D%\@?%EIG%N@MAJ%Q@N%(;>J;A@C%;E%EIG%D;<G%A=JIE%DIG%L@A\GDDGD%IG?%>@CG%E@%K=EN;R%\=AP=AJ%I=<%D`GGE%@?%;P@?;Q>GR%\GG>=AJ%;\\GLE=@A%@?%EGAPG?AGDD%\@?%I=<_%#ANI@`R%.%>G;CG%EI=D%BMGDE=@A%@HGA_%%

? , . ( % ! ( ! A & & 6 + $ 3 ? !

!

I @ !

DGG%;AP%?GDH@AP%E@%I=<R%I@`%DIG%?G;LED%;AP%QGI;CGD%E@`;?PD%I=<%;AP%EIG% EI=AJD% L@ALG?A=AJ% I=<_% !I;E% I;HHGAD% LI;AJGD% EIG% `;N% DIG%MAPG?DE;APD% EIG=?% ?G>;E=@ADI=Hn% DIG% L@<GD% E@% DGG% %4'% ;AP% %&(% =A% ;%P=\\G?GAE%>=JIE_%$IG%@AG%`I@%G;?>=G?%DE?MLS%IG?%;D%;%\;>L@A%A@`%DE?=SGD%IG?%;D%;%J;APG?_%!G%<;N%E;>S%;Q@ME%EI=D%VLI;AJG%@\%IG;?EX%;D%;%LI;AJG%=A%IG?%\GG>=AJDR%QME%EIGA%`G%DI@M>P%QG%;`;?G%EI;E%EI=D%LI;AJG%L;AA@E%QG%L@ADE?MGP%=A%EG?<D%@\%<G?G>N%Q@P=>NR%HIND=L;>%@?%LIG<=L;>%LI;AJGD_%/;N=AJ% EI;E% IG?% \GG>=AJD% I;CG% LI;AJGP% =D% ;% `;N% @\% D;N=AJ% EI;E%GCG?NEI=AJpIG?%`I@>G%>=\GpI;D%LI;AJGP_%%

+ + + !"#$"&9%7(6!($(6:'+'8!

-*(,+$3!2(9'!#*!A+$-+$3!#$&K'!,(:E!

.E% =DR% .% JMGDDR% L@AD=PG?;E=@AD% DMLI%;D% EIGDG% EI;E%Q?@MJIE%!=EEJGADEG=A%a7112b%E@%DHG;S%@\%J?=G\%;AP%I@HGR%.%=AL>MPG%>@CG%=A%EI=D%@QDG?C;E=@AR%;D%\@?<=AJ% H;EEG?AD% =A% EIG% `G;CG% @\% @M?% >=\G% @?% ;D% V<@PGD% @\% ;%L@<H>=L;EGP%\@?<%@\%>=\GX%a72mGb_%.A%;A@EIG?%H>;LG%IG%;>D@%DMJJGDED%EI;E%@AG%<=JIE% L;>>% >@CG% ;AP%I;EG% VG<@E=@A;>% P=DH@D=E=@ADX% a!=EEJGADEG=A%713FQR%q7m3n%7182R%qm17b_%)MER%=E%=D%;>D@%\@?<M>;E=@AD%DMLI%;D%EIGDG%EI;E%<;N%>G;P%@AG%E@%?G;P%!=EEJGADEG=A%;D%D=<H>N%QG=AJ%V;%QGI;C=@M?=DE%=A%P=DJM=DGX% a!=EEJGADEG=A% 7112R% qcF2b_c7% *AG% <;N% DMDHGLE% EI;E% =A%P?;`=AJ% ;EEGAE=@A% E@% @M?% >=\GR% IG% `;D% D=<H>N% E?N=AJ% E@% <@CG% EIG%<G;A=AJ% @\% @M?%`@?PD% \?@<% D@<GEI=AJ% =AAG?% E@% D@<GEI=AJ% @MEG?R% E@%H;EEG?AD%@?%H?@HGAD=E=GD%=A%@M?%QGI;C=@M?_%%

.\%@AG%?G;PD%!=EEJGADEG=AiD%P=DE=ALE=@AD%QGE`GGA%<GAE;>%L@ALGHED%;D%<;S=AJ%;%L>;DD=\=L;E=@A%a!=EEJGADEG=A%7182R%qm334m16n%713FQR%q7m3b%@AG%HMED% I=<% @A% ;% H;?% `=EI% h=>QG?E% lN>G% ;AP% EIG% S=AP% @\% >@J=L;>%QGI;C=@M?=D<% EI;E% I;D% QGGA% ;DD@L=;EGP%`=EI%I=<_%lN>G% a7155b% ;?JMGD%VEI;E% EIG% `@?P% G<@E=@A% =D% MDGP% E@% PGD=JA;EG% ;E% >G;DE% EI?GG% @?% \@M?%P=\\G?GAE% S=APD% @\% EI=AJD% v___% `I=LI% IG% L;>>Dw% x=AL>=A;E=@ADi% a@?%x<@E=CGDibR% x<@@PDiR% x;J=E;E=@ADi% a@?% L@<<@E=@ADb% ;AP% x\GG>=AJDiX% a3cb_%lN>G% =AE?@PMLGD% EI=D% P=DE=ALE=@A% E@% `;?A% ;J;=ADE% MAPG?DE;AP=AJ% EIG%\=?DE%EI?GG%@\%EIGDG%;D%?G\G??=AJ%E@%;%\GG>=AJ%@?%;%DMLLGDD=@A%@\%\GG>=AJDR%=A% EIG% DGADG% @\% VEI?=>>DR% E`=AJGDR% H;AJDR% EI?@QDR% `?GALIGDR% =ELIGDR%H?=LS=AJDR% LI=>>DR% J>@`DR% >@;PDR% BM;><DR% I;ASG?=AJDR% LM?P>=AJDR%D=AS=AJDR% EGAD=@ADR% JA;`=AJD% ;AP% DI@LSDX% a7155R% 3cb_% l;EIG?% IG%GAL@M?;JGD%MD%E@%EI=AS%@\%EIG<%;D%P=DH@D=E=@AD%E@%;LER%QGI;CG%;APR%;>D@R%\GG>%=A%LG?E;=A%`;ND_%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%c7%:\_%EIG%=AE?@PMLE=@AR%H_%c27_%

& 2# % + # $ !

!

C G !

.A%;%<;AAG?%D=<=>;?%E@%!=EEJGADEG=AR%IG%H@=AED%@ME%EI;E%\GG>=AJDR%=A%EI=D%A;??@`%DGADGR%I;CG%;%LG?E;=A%PM?;E=@A%;AP%L;A%@\EGA%QG%>@L;EGP%=A%LG?E;=A% Q@PN% H;?ED% `IG?G;D% EIG% @EIG?% EI?GG% P@% A@E% \=E% EI=D% DLIG<G_%#J=E;E=@AD%;AP%<@@PD%J@%@A% \@?%;% >@AJG?%HG?=@P%@\% E=<G% EI;A%Q@P=>N%\GG>=AJDn%EIGN%I;CG%PM?;E=@A%QME%;?G%A@E%>@L;EGP%=A%LG?E;=A%Q@PN%H;?ED%;D%Q@P=>N% \GG>=AJD%;?G_% .AL>=A;E=@ADR%@A% EIG%`I@>GR%;HHG;?% E@%QG%<@?G%P=DH;DD=@A;EG_% #% ?G;D@A% \@?% EI=AS=AJ% EI;E% ;J=E;E=@AD% ;AP% <@@PD% ;?G%\GG>=AJDR%lN>G%DMJJGDEDR%<;N%QG%EI;E%`G%MDG%EIG%`@?P%V\GG>X%E@%PGDL?=QG%EIG<n%`G% \GG>% ;Ag=@MDR% GgL=EGPR% MHDGE% a;J=E;E=@ADbR% I;HHNR% ;AJ?N% ;AP%PGH?GDDGP% a<@@PDb_% "@`GCG?R% =\% `G% ;DDM<G% EI;E% `I;E% =D% J@=AJ% @A%`IGA%`G%D;N%EI;E%`G%V\GG>X%EI=D%`;N%=D%?GH@?E=AJ%EIG%@LLM??GALG%@\%;%Q@P=>N%\GG>=AJR%@?%D@<G%=AAG?%H?=C;EG%DE;EGDR%`G%;?GR%=A%lN>GiD%\;<@MD%`@?PDR% <;S=AJ% ;% VL;EGJ@?N% <=DE;SGX_% $IG% GA^@N<GAE% @\% ;% J@>\G?%H>;N=AJ%I=D%J;<G%=D%A@E%E@%QG%\@MAP%`=EI=A%D@<G%;PP=E=@A;>%\GG>=AJ%@\%H>G;DM?G%@?%GA^@N<GAE%EI;E%;LL@<H;A=GD%I=D%;LE=@AD_%l;EIG?%=E%=D%E@%QG%DGGA%=A%EI;E%IG%P@GD%A@E%`G>L@<G%;A%=AEG??MHE=@AR%=D%VAGCG?%=AL>=AGP%E@%EM?A%I=D%EI@MJIED%@?%L@ACG?D;E=@A%\?@<%EIG%L=?LM<DE;ALGD%@\%EIG%J;<G%E@%@EIG?%<;EEG?DX%;AP%L@ALGAE?;EGD%@A%EIG%J;<G%V`=EI@ME%>GLEM?=AJ%@?%;P^M?=AJ%I=<DG>\%E@%P@%D@X%alN>G%7155R%7F3b_%%

$I=D% L>;DD=\=L;E=@A% @\% EIG% G<@E=@AD%`I=LI%lN>G%<;SGD% L>;?=\=GD% EIG%C;?=GE=GD% @\% @M?% G<@E=@A;>% GgHG?=GALG% =A%`;ND% EI;E% EIG% G<HI;D=D% @A%Q@P=>N%\GG>=AJDR%@?%GCGA%DGAD;E=@ADR%\;=>D%E@%P@_%.E%;>D@%P?;`D%=<H@?E;AE%P=DE=ALE=@AD% QGE`GGA% P=\\G?GAE% <GAE;>% L@ALGHED% DMLI% ;D% V\GG>=AJXR%V`=>>X% @?% V<@@PX_% .% GDHGL=;>>N% \=AP% lN>GiD% PGDL?=HE=@A% @\% <@@PD%=>>M<=A;E=AJ%`IGA% =E%L@<GD% E@% EIG%H>;LG% >@CG%<;N%QG%D;=P% E@%I;CG% =A%@M?%>=\GR%H@=AE=AJ%E@%EIG%`;ND%=A%`I=LI%EIGN%L@>@M?%;%HG?D@AiD%;LE=@AD%;AP% ?G;LE=@AD% ;AP%<;EEG?D% \@?% EIG%`;ND% =A%`I=LI% D@<G@AG%PGDL?=QGD%EIG=?% `I@>G% `@?>P_% :@<H;?G% EIG% \@>>@`=AJ% BM@EG% `=EI% <N% ?G<;?SD%;Q@ME%EIG%LI;AJG%=A%h?MDIGAS;iD%>@CG_%

#% HG?D@A% =A% ;% \?=C@>@MD% CG=A% =D% =A% EIG% <@@P% v@?% EIG% \?;<G% @\%<=APw% E@%<;SG%<@?G% ^@SGD% EI;A%MDM;>R% E@% QG%<@?G% E=LS>GP% EI;A%MDM;>%QN% EIG% ^@SGD%@\%@EIG?DR% E@%H@>=DI%@\\% =<H@?E;AE%<;EEG?D%@\%QMD=AGDD% `=EI@ME% ;Ag=@MD% L@AD=PG?;E=@AR% E@% HME% IG;?E% ;AP% D@M>%=AE@%LI=>P=DI%J;<GDR%;AP%D@%@A%=APG\=A=EG>N_%alN>G%7155R%11b%%

.\%IG%=D%^@C=;>R%IG%\=APD%GCG?NEI=AJ%^@>>=G?%EI;A%MDM;>n%;AP%=\%IG%=D%DM>SNR%A@E%@A>N%I=D%G<H>@NG?iD%E@AG%@\%C@=LG%;AP%I=D%@`A%SA@EEGP%DI@G4>;LG%DGG<%MA^MDE%E@%I=<R%QME%GCG?NEI=AJ%DGG<D%E@%QG%P@=AJ%I=<%=A^MDE=LGD_%alN>G%7155R%7FFb%%

$IGDG% ?G<;?SD% =AC=EG% MD% E@% EI=AS% @\% >@CGR% ;D% `G>>% ;D% @\% EIG% @EIG?%G<@E=@ADR%A@E%;D%D@<GEI=AJ%EI;E%`G%I;CGR%;D%.%<;N%QG%D;=P%E@%I;CG%;%\GG>=AJR% QME% ;D% ;% `;N% @\% QG=AJ% =A% EIG% `@?>PR% @?% GCGA% ;D% ;% <@PG% @\%

? , . ( % ! ( ! A & & 6 + $ 3 ? !

!

C ; !

QG=AJ_c6% lG<G<QG?% EI;E% GCGA% =\%`G% DHG;S% @\% I;C=AJ% ;A% G<@E=@AR%`G%GgH?GDD%H;?E=LM>;?%G<@E=@AD% =A% EG?<D%@\%VQG=AJXn%V.%;<%;\?;=PXR%VN@M%;?G%;AJ?NXR%V`G%;?G%^@N@MDXR%A@E%E@%\@?JGE%EI;E%`G%D;N%EI;E%V`G%;?G%4-!8#3&X_%#D%)MQG?%a6FFmb%D;NDR%VTGG>=AJD%P`G>>%=A%<;An%QME%<;A%P`G>>D%=A%I=D% >@CGX% a71b_% $I=D%P=\\G?GALG% =A% I@`%`G%GgH?GDD%P=\\G?GAE% G<@E=@AD%<;N% ;>D@% QG% E;SGA% ;D% ;% ?G;D@A% A@E% E@% L@<H;?G% >@CG% `=EI% EIG% @EIG?%G<@E=@AD_%%

&CGA%D@R%=\%`G%E;SG%EI=D%E@%=<H>N%EI;E%EIG%;=<%@\%L@ALGHEM;>%;A;>ND=D%=D%E@%L>;DD=\N%;AP%P?;`%P=DE=ALE=@AD%QGE`GGA%@M?%L@ALGHEDR%H@=AE=AJ%@ME%VL;EGJ@?N% <=DE;SGDXR% EIG?G% =D% D@<GEI=AJ% J@AG% ;`?N% =A% @M?%HI=>@D@HI=L;>% H?@^GLE_% lG;P% ;D% J?;<<;E=L;>% ?G<;?SDR% .% P@% A@E% I;CG%<MLI%E@%;?JMG%;J;=ADE%EIG%P=DE=ALE=@AD%EI;E%lN>G%<;SGDR%;D%`G>>%;D%EIG%@AGD% !=EEJGADEG=A% <;SGD% QGE`GGA% P=\\G?GAE% MDGD% @\% @M?% <GAE;>%L@ALGHED_%.A%@EIG?%`@?PDR%=\%EIG=?%;=<%=D%E@%?G<=AP%MD%@\%EIG%P=\\G?GALGD%=A% I@`% `G% DHG;S% ;Q@ME% V;AJG?XR% V\G;?XR% VH;=AXR% V^@NXR% V>@CGX% @?%VI;EGXpH@=AE=AJ% @ME% EIG%`;ND% =A% `I=LI% `G% MDG% EIGDG% `@?PDR% `I;E%BMGDE=@AD% `G% <;N% ?;=DG% ;Q@ME% EIG<% ;AP% `I;E% ;AD`G?% `G% <;N%=AEG>>=J=Q>N% ?GLG=CGp.% I;CG%A@% L@<H>;=AED_% )ME% =E% =D% E@@% G;DN% E@% ?G;P%EIG=?% ?G<;?SD% ;D% ;EEG<HED% ;E% L;EGJ@?=e=AJ% HDNLI@>@J=L;>% HIGA@<GA;%;AP%E;SG%EIG<%;D%D;N=AJR%V$I=D%=D%`I;E%EIG%`@?PD%?G\G?%E@%?;EIG?%EI;A%EI;EXR%@A>N%`I;E%`G%;?G%>G\E%`=EI%=D%D@<GEI=AJ%<@?G%C;JMGR%DMLI%;D%;%P=DH@D=E=@AR% H?@HGAD=EN% @?% H;EEG?AR% =ADEG;P% @\% D@<GEI=AJ% <@?G%E;AJ=Q>GR%DMLI%;D%;%\GG>=AJ%@?%;%DGBMGALG%@\%QGI;C=@M?_%$I=D%EG<HE;E=@A%=D%MAP@MQEGP>N%<MLI%J?G;EG?%`IGA%?G;P=AJ%lN>G% EI;A%`IGA%?G;P=AJ%!=EEJGADEG=A_cc% #>EI@MJI% .% `=>>% A@E% GAEG?% <@?G% L>@DG>N% =AE@% ;%P=DLMDD=@A%;Q@ME%`IN%.%P@%-#$%EI=AS%=E%=D%L@??GLE%E@%MAPG?DE;AP%>@CGR%@?%G<@E=@ADR%;D%P=DH@D=E=@ADR%D@% EI;E%`G%L;A%PGPMLG%D@<G@AGiD%G<@E=@A%\?@<% I=D% @?% IG?% QGI;C=@M?R% .% I@HG% EIG% H?GLGP=AJR% ;D% `G>>% ;D% EIG%DMLLGGP=AJ% P=DLMDD=@A%<;N% IG>H% E@% L>;?=\N% EIG% H?@Q>G<D% =AC@>CGP% =A%DMLI%;A%=PG;_%$IG%J?G;EGDE%H?@Q>G<R%I@`GCG?R% =D%;J;=A%EIG%;EEG<HE%E@%EG>>%MD%`I;E%>@CG%@?%@EIG?%G<@E=@AD%;?G_%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%c6%:\_%"G=PGJJG?iD%a7186b%P=DLMDD=@A%@\%<@@PD%;AP%EIG%`;ND%=A%`I=LI%`G%;?G%;>`;ND%;EEMAGP%E@%EIG%`@?>P%a7264723b_%/GG%;>D@%KM>I;>>%a7112b_%cc%OGEG?%";LSG?%a6FFmb%<;HD%@ME%EIG%L@ALGHE%@\%G<@E=@A%=A%<MLI%EIG%D;<G%`;N%;D%lN>G%P@GDR%;>EI@MJI%IG%DGGD%I=D%=ACGDE=J;E=@A%;D%QG=AJ%Q;DGP%@A%!=EEJGADEG=AiD%HI=>@D@HIN_%.%EI=AS%EIG?G%=D%J@@P%?G;D@A%E@%EI=AS%EI;E%";LSG?iD%`@?S%=A%EI;E%H;HG?%=A%<;AN%`;ND%<=D?GH?GDGAED% !=EEJGADEG=AiD% HI=>@D@HI=L;>% L@ALG?AD_% $IG% L?=E=L=D<% .% `@M>P% P=?GLE%E@`;?PD%EI=D%MAPG?DE;AP=AJ%=D%<MLI%=A%>=AG%`=EI%EIG%@AG%lG;P%;AP%"MELI=AD@A%?;=DG%=A% V$@`;?P% ;% OG?DH=LM@MD% O?GDGAE;E=@A% @\% xOG?DH=LM@MD% O?GDGAE;E=@AiX% a6FF3b% ;AP%X!I@DG%!=EEJGADEG=AZX%a6FF5b_%%

& 2# % + # $ !

!

C D !

.E% =D% ;J;=ADE% DMLI% ;% ?G;P=AJ% @\% L@ALGHEM;>% ;A;>ND=D% ;D% ;% `;N% @\%<;HH=AJ% @ME% ;% L@ALGHEM;>% >;APDL;HG% EI;E% O;M>% &_% h?=\\=EID% a7112b%P=?GLED%I=D%\G?@L=@MD%;EE;LS%E@`;?PD%=E_%$@%EIG%GgEGAE%EI;E%@AG%L@APMLED%L@ALGHEM;>% ;A;>NDGD% =A% EIG% `;N% IG% DMJJGDED% .% ;>D@% EI=AS% EIG?G% ;?G%P=DLMDD=@AD%EI;E%;HHG;?%E@%QG%H?@HG?%E;?JGED%@\%=E_%"=D%<;=A%;?JM<GAE%;J;=ADE%L@ALGHEM;>%;A;>ND=D%;D%;%<GEI@P%@\%MAPG?DE;AP=AJ%VG<@E=@AX%=D%EI;E%EIG%HI=>@D@HIG?D%`I@%;?G%P@=AJ%L@ALGHEM;>%;A;>ND=DR%IG%<;=A>N%P=DLMDDGD% VH?@H@D=E=@A;>% ;EE=EMPG% EIG@?=DEDX% ah?=\\=EID% 7112R% 6646cbR%L@AEGAE%EIG<DG>CGD%`=EI%DEMPN=AJ%I@`%`G%MDG%G<@E=@A%`@?PD%;AP%A@E%`=EI% EIG% Q=@>@J=L;>% ;AP% GC@>ME=@A;?N% Q;LSJ?@MAP% @\% G<@E=@A;>%?GDH@ADGD_% $IGN% ;?G% A@E% @HGA% E@% `I;E% DL=GAE=\=L% =ACGDE=J;E=@A% <;N%DI@`% ;Q@ME% VEIG% ?G\G?GAE% @\% ;% L@ALGHEX% ah?=\\=EID% 7112R% 2bR% QME% @A>N%?GCG;>% V;% L@<<MA=ENrD% LM??GAE% QG>=G\DX% ;AP% DEG?G@ENHGD% ;Q@ME% `I;E%G<@E=@A% `@?PD% ?G\G?% E@_% cm% $IGDG% QG>=G\D% <;N% `G>>% QG% <=DE;SGAR% ;D%HG@H>G% `G?G% <=DE;SGA% =A% EI=AS=AJ% EI;E% `I;>GD% `G?G% ;% S=AP% @\% \=DI%ah?=\\=EID%7112R%5R%2b_c5%%

.A%I=D% DEMPNR%h?=\\=EID% E?=GD% E@%?G<GPN% EI=D% \;=>M?G% E@% EG>>%MD%V`I;E%G<@E=@AD% ?G;>>N% ;?GXpEI=D% =D% EIG% <@PGDE% E=E>G% @\% I=D% Q@@SpQN%=ACGDE=J;E=AJ%EIG%?GDM>ED%@\%P=\\G?GAE%DL=GAE=\=L%DEMP=GD%@\%G<@E=@AD_%$IG%?GDM>E% =D% EI;E% J?@MHGP% MAPG?% EIG% EG?<% VG<@E=@AX% EIG?G% ;?G% EI?GG%P=DE=ALE% HIGA@<GA;n% a7b% ,**&@$! H(#+(,'5!`I=LI% ;?G% PGDL?=QGP% ;D% VEIG%L@@?P=A;EGP% DGE% @\% LI;AJGD% EI;E% L@ADE=EMEG% EIG% G<@E=@A;>% ?GDH@ADGX%ah?=\\=EID%7112R%22b%;AP%;D%VD@M?LGD%@\%<@E=C;E=@A%A@E% =AEGJ?;EGP% =AE@%EIG%DNDEG<%@\%QG>=G\DX%ah?=\\=EID%7112R%6mcbR%a6b%%4+%&(!@#+-4$43&!&'#$4#-5R%V=??MHE=CG% <@E=C;E=@A;>% L@<H>GgGD% =A% I=JIG?% L@JA=E=@AX! ah?=\\=EID%7112R%6m5b%`I=LI%>G;P%MD%E@%PGH;?E%\?@<%@M?%>@AJ4EG?<%?;E=@A;>%J@;>DR%;AP% acb% .45@8,4'&.! ,@$4#-5% @?% 5#@4,88)! @#-5$(0@$&.! &'#$4#-5R% `I=LIR% @A%h?=\\=EIDiD% ;LL@MAER% ;?G% ?G;>>N% HDGMP@4G<@E=@AD% ;=<GP% VE@% E;SG%;PC;AE;JG%@\%EIG%DHGL=;>%DE;EMD%EI;E%G<@E=@AD%;?G%;LL@?PGP%QGL;MDG%@\%EIG=?%H;DD=C=EN% vzw% EIGN%;?G%<;A=\GDE;E=@AD%@\% EIG% LGAE?;>%HM?H@DG%@\%I=JIG?% L@JA=E=CG% ;LE=C=ENpEIG% MAPG?DE;AP=AJ% ;AP% <;A=HM>;E=@A% @\%D@L=;>%?G>;E=@ADX%ah?=\\=EID%7112R%6m5b_%%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%cm%V#A;>ND=D%L;A%?GCG;>%EIG%GH=DEG<=L%H?@^GLE%=A%`I=LI%;%L@<<MA=EN%=D%GAJ;JGP%`=EI%;%L@ALGHER%QME%EIG%`;N%EI;E%H?@^GLE%PGCG>@HD%`=>>%PGHGAP%@A%`I;E%EIG%L@<<MA=EN%\=APD%@ME% EI?@MJI% G<H=?=L;>% =ACGDE=J;E=@A_% .\% HI=>@D@HIG?D% `;AE% E@% SA@`% ;Q@ME% G<@E=@AR%?;EIG?%EI;A%;Q@ME%`I;E%=D%LM??GAE>N%QG>=GCGP%@\%G<@E=@AR%;A;>ND=D%<MDE%H?@LGGP%I;AP%=A%I;AP%`=EI%EIG%?G>GC;AE%G<H=?=L;>%DL=GALGDXah?=\\=EID%7112R%2b_%c5%/GG%YMH?d%a7137R%251b%\@?%;%P=DLMDD=@A%@\%`IGEIG?%DL=GALG%=A%EI=D%L;DG%?G;>>N%L;A%QG%D;=P%E@%I;CG%DI@`A%EI;E%@M?%\@?<G?%;EE=EMPGD%`G?G%Q;DGP%@A%;%\;>DG%L;EGJ@?=e;E=@A_%%

? , . ( % ! ( ! A & & 6 + $ 3 ? !

!

C < !

'@CGR%E@%h?=\\=EIDR%=D%E@%QG%DGGA%;D%;%D@L=;>>N%L@ADE?MLEGP%G<@E=@A_%.E%=AC@>CGD%EIG%;P@HE=@A%@\%D@L=;>%?@>GD%VEI;E%?G\>GLE%D@L=GENiD%L@ALGHE=@A%@\%`I;E% =D% ;HH?@H?=;EG% =A% EI;E% D=EM;E=@AX% ah?=\\=EID% 7112R% 7c1b_%+APG?%EIG%H?GEGgE%@\%QG=AJ%VL;??=GP%;`;N%QN%>@CGXR%EI;E%=D%H;DD=CG>N%DM\\G?=AJ%\?@<% @AGiD% G<@E=@ADR% =E% ;>>@`D% @AG% E@% L;DE% @\\% D@L=;>% E=GD% V`=EI@ME%BMGDE=@A=AJ%EIG%>GJ=E=<;LN%@\%EI@DG%E=GDX%ah?=\\=EID%7112R%7m6b_%%

"G%L@AL>MPGD% EI;E%;\\GLE%H?@J?;<D%L@ADE=EMEG%;%L>G;?%L;EGJ@?N% EI;E%DI@M>P%E;SG%EIG%H>;LG%@\%D@<G%@\%EIG%HIGA@<GA;%`G%<=DE;SGA>N%D@?E%=A%EIG%CG?A;LM>;?% L;EGJ@?N%@\%G<@E=@AR%;AP% EI;E% EIG?G% =D% ?G;D@A%GA@MJI%\@?% =AE?@PML=AJ% ;% DGL@AP% L;EGJ@?N% EI;E% E;SGD% ;LL@MAE% @\% EIG% I=JIG?%L@JA=E=CG%G<@E=@AD%`I=LI%P@%A@E%L@=AL=PG%`=EI%;\\GLE%H?@J?;<D_%K@?G%?GDG;?LIR%I@`GCG?R%=D%AGGPGP%E@%`@?S%@ME%`I;E%EI=D%L;EGJ@?N%=AC@>CGD%Gg;LE>N_%

.%`=>>%A@E%P=DLMDD%h?=\\=EIDiD%L>;DD=\=L;E=@A%=A%<@?G%PGE;=>%IG?Gc8R%;D%.%P=P% A@E% P=DLMDD% EIG% @AGD% @\% !=EEJGADEG=A% ;AP% lN>G_% .% H?=<;?=>N%DSGELIGP% =E% E@% DI@`% EIG% P=\\G?GALGD% QGE`GGA% EIGDG% DNDEG<D% @\%L>;DD=\=L;E=@AR%EIG%\=?DE%E?N=AJ%E@%L>;?=\N%L@ALGHEDR%EIG%DGL@AP%;EEG<HE=AJ%E@% L;EGJ@?=eG%HIGA@<GA;_% .% ?;EIG?%`;AE% E@% ?;=DG% BMGDE=@AD% ;Q@ME% EIG%H>;LG%L;EGJ@?=e;E=@A%I;D%=A%HI=>@D@HI=L;>%;A;>ND=D%@A%EIG%`I@>G_%,@`R%h?=\\=EID% ;DDM<GD% EI;E% L@ALGHED%H?=<;?=>N% DG?CG% ;D% L;EGJ@?=e;E=@AD%@\%P=\\G?GAE%A;EM?;>%S=APD_%:@ALGHED%`@?S%;D%GgH>;A;E@?N%EIG@?=GD%;Q@ME%`IN%P=\\G?GAE% =ADE;ALGD% QG>@AJ% E@% EIG% D;<G% L;EGJ@?N_% $IGDG% EIG@?=GD%VMAPG?>=G% HG@H>GiD% GCG?NP;N% =APMLE=CG% H?;LE=LGDX% ah?=\\=EID% 7112R% 8b_%$I;E%=DR%`G%MDG%EIG%L@ALGHE%VG<@E=@AX%QGL;MDG%`G%;DDM<G%EI;E%EIG?G%=D%D@<G% MAPG?>N=AJ% aL;MD;>b% <GLI;A=D<%`I=LI% MA=EGD% ;>>% EIG% =ADE;ALGD%`G%L;>>%QN%EI;E%A;<G_%!I;E%h?=\\=EI%E;SGD%I=<DG>\R%@?%?;EIG?%DL=GALGR%E@%I;CG%DI@`AR% =D% EI;E% EIG?G% =D%A@%@AG%<GLI;A=D<%L@??GDH@AP=AJ%E@%EIG%L;EGJ@?N% VG<@E=@AX_% .ADEG;P% EIG?G% ;?G% ;E% >G;DE% E`@_% $IMDR% `G% <;N%G>=<=A;EG% EIG% \@>S% HDNLI@>@J=L;>% L@ALGHE% @\% VG<@E=@AXR% D=ALG% =E% P@GD%A@E%P@%EIG%`@?S%`G%EI@MJIE%=E%`@M>P%P@_%%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%c8% /=ALG% EIG% HMQ>=L;E=@A% @\%M%,$! T'#$4#-5! /&,88)! U(&% a7112bR%h?=\\=EID% I;D% ;>D@%<;PG%;P^MDE<GAED%E@%I=D%EIG@?N%;LL@?P=AJ%E@%;PC;ALG<GAED%=A%EIG%DL=GAE=\=L%?GDG;?LI_%"G?GR%.%P@%A@E%DGG%EIG%H>;LG%E@%;EEGAP%E@%EIGDG%;P^MDE<GAED_%!I;E%.%;<%=AEG?GDEGP%=A%=D%A@E%EIG%PGE;=>D% @\% h?=\\=EIDiD% ;LL@MAE% QME% EIG% H;?E=LM>;?% =PG;D% IG% =D% GgH?GDD=AJ% ;Q@ME% EIG%?G>;E=@A%QGE`GGA%HI=>@D@HIN%;AP%DL=GALG_%T@?%@AG%EI=AJR%EIG%=PG;%EI;E%=E%=D%EIG%\;LEM;>%L@AEGAE%@\%@AGiD%=ACGDE=J;E=@AD%EI;E%?G;>>N%<;EEG?R%;AP%L@ADGBMGAE>N%EIG%=AD=DEGALG%EI;E%@AG% DI@M>P% H;N% ;EEGAE=@A% E@% EIG% PGE;=>D% @\% @AGiD% `?=E=AJ_% *A% EIG%`I@>G% =E% =D% `@?EI%G<HI;D=e=AJ%EI;E%<N%<;=A%=AEG?GDE%=A%EI=D%`@?S%;?G%EIG%H;?E=LM>;?%EI@MJIED%GgH?GDDGP%QN%HI=>@D@HIG?DR%;AP%`I;E%DGADG%`G%;?G%E@%<;SG%@\%EIG<R%;AP%A@E%EIG=?% EI=AS=AJ%@A%H;?E=LM>;?%=DDMGD%;D%=AP=C=PM;>%EI=ASG?D_%

& 2# % + # $ !

!

C B !

.\%EI=D%`G?G%?G;>>N%EIG%QGDE%`;N%@\%MAPG?DE;AP=AJ%L@ALGHED%=E%`@M>P%DGG<% EI;E% h?=\\=EIDiD% L?=E=BMG% @\% L@ALGHEM;>% ;A;>ND=D% =D% L@??GLE_%!IN%`@M>P%`G%=AD=DE%@A%SGGH=AJ%@M?%H?GC=@MD%L;EGJ@?=e;E=@A%=\%DL=GALG%I;D%H?@C=PGP%MD%`=EI%;%<@?G%?G\=AGP%@AGZ%/=<H>N%;HHG;>=AJ% E@% EIG%AGGP%\@?%DGG=AJ%LG?E;=A%G<@E=@A;>%?G;LE=@AD%=A%L@AEGgE%`=>>%A@E%P@R%D=ALG%=E%=D%H?GL=DG>N%QGI=AP%EIG%MDM;>%L@AEGgED%@\%@M?%>=\G%`I=LI%<;N%QG%Q;DGP%@A%DEG?G@ENHG% EI;E% h?=\\=EID% `;AED% E@% ?G;LI% E@% QGL@<G% L>G;?% ;Q@ME% EIG%MAPG?>N=AJ%DE?MLEM?GD%@\%G<@E=@A_%)ME%EI=D%=D%@A>N%E?MG%;DDM<=AJ%EI;E%h?=\\=EIDiD%H?GDGAE;E=@A% =D%;%J@@P%`;N%@\%MAPG?DE;AP=AJ% EIG%P=\\G?GAE%?@>GD% EIG% L@ALGHED%@\% G<@E=@A%I;CG% =A%@M?% >=\G_%h?=\\=EID%H?GDMHH@DGD%EI;E%L@ALGHED%H?=<;?=>N%DG?CG%;D%>;QG>D%@\%L;EGJ@?=GD%;AP%EI;E%DHG;S=AJ%;Q@ME%\G;?R%;AJG?%@?%>@CG%=A%P=\\G?GAE%D=EM;E=@AD%=D%GgH?GDD=CG%@\%;%\@>S%HDNLI@>@J=L;>% EIG@?N%@\%D@<G%MAPG?>N=AJ%<GLI;A=D<D%EI;E%MA=EGD%EIG%D=EM;E=@AD_% .E% =D%H?GL=DG>N% EI=D%MAPG?>N=AJ%;DDM<HE=@A%@\%I=D% EI;E% =D% =A%AGGP%@\%QG=AJ%BMGDE=@AGP_%%

$IG%\=?DE%<@CG%!=EEJGADEG=A%<;SGD%=A%E?N=AJ%E@%L>;?=\N%;AN%L@ALGHER%QG%=E%VJ;<GDXR%V>;AJM;JGXR%VL@>@M?XR%VH;=AXR%@?%V>@CGXR%=D%E@%;>G?E%MD%E@%EIG%C;?=GEN%@\%`;ND%;AP%EIG%<;A=\@>P%D=EM;E=@AD%=A%`I=LI%`G%<;N%MDG%EIGDG%`@?PD_c2%$IG% EG<HE;E=@A% \?@<%`I=LI%IG% =D% E?N=AJ% E@% ?G>G;DG%MDR%Q@EI% I=<DG>\% ;AP% I=D% ?G;PG?DR% =D% EIG% =PG;% EI;E% EIG?G% =D% ;% L@<<@A%PGA@<=A;E@?% =A% ;>>% EIG% =ADE;ALGD% =A% `I=LI% `G% MDG% EIG% D;<G% `@?P%aGgLGHER%@\%L@M?DGR%EI;E%`G%MDG%EIG%D;<G%`@?PD%=A%EIG<b_%$I=D%P@GD%A@E%<G;A% EI;E% =E% =D% MAL>G;?% `I;E% @M?% `@?PD% <G;A% =A% H;?E=LM>;?%L=?LM<DE;ALGD_% .E%<;N%QG%HG?\GLE>N% L>G;?%`I;E% .%<G;A%`=EI% EIG%`@?P%V>@CGX%=A%E`@%L@AEGgED%;>EI@MJI%EIG%D=EM;E=@AD%;AP%EIG%<G;A=AJ%@\%<N%`@?PD% P=\\G?_%#J;=ADE% EIG% C=G`% EI;E% L@ALGHEM;>% ;A;>ND=D% =D% H?=<;?=>N%;=<GP% ;E% .(,74-+! ',H5! #*! #0(! @#-@&H$0,8! +&#+(,H%)6! .% `@M>P% ;>D@%G<HI;D=eG% EIG% $%&(,H&0$4@% ;DHGLE% @\% !=EEJGADEG=AiD% HI=>@D@HIN_%lG<=AP=AJ% @M?DG>CGD% ;Q@ME% EIG%`;ND% =A%`I=LI%`@?PD% ;?G% @?P=A;?=>N%MDGP%=D%;%`;N%@\%IG>H=AJ%MD%*4-.!#0(!7,)!#0$!#*!H%48#5#H%4@,8!'0..8&5!#(!@#-*054#-5<%l;EIG?%EI;A%E?N=AJ%E@%H;=AE%;%+&-&(,8!H=LEM?G%@\%@M?%P=\\G?GAE%MD;JGD% @\% ;% L@ALGHER% ;D% =\% EIG% =PG;% EI;E% `G% <=JIE% J;=A% DMLI% ;A%@CG?C=G`% P@GD% A@E% =A% =EDG>\% GgH?GDD% ;% <=DMAPG?DE;AP=AJR%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%c2%$IG?G%=D%;%H;?;J?;HI%=A%`I=LI%h?=\\=EID%a7112b%DGG<D%E@%?G;>=eG%EI;E%V=A%GCG?NP;N%>=\G%L@ALGHED%;?G%A@E%MDGP%GgL>MD=CG>N%\@?%GgH>;A;E=@A%;AP%=APMLE=@AX%a2b_%"G%?G\G?D%E@%.;A%";LS=AJ% a7117% ;R% QR% 7115b% `I@% I;D% ;?JMGP% EI;E% EIGN% V;?G% MDGP% E@% DE?MLEM?G% D@L=;>%DNDEG<DR%E@%\M?EIG?%EIG%=AEG?GDED%@\%=AP=C=PM;>D%@?%J?@MHDR%@?%E@%H?@<@EG%H?@J?;<D%@\%H@>=E=L;>% ;LE=@AX% ah?=\\=EID% 7112R% 2b_% /E=>>R% IG% P@GD% A@E% EI=AS% EI=D% <;SGD% L@ALGHEM;>%;A;>ND=D%;AN%<@?G%\?M=E\M>_%"G%\;=>D%E@%DGG%EI;E%L>;?=\N=AJ%;%L@ALGHE%=D%A@E%EIG%D;<G%;D%\=AP=AJ%=ED%?G\G?GAE_%

? , . ( % ! ( ! A & & 6 + $ 3 ? !

!

C I !

!=EEJGADEG=AiD% HI=>@D@HI=L;>% <GEI@PD% ;?G% ;% `;N% @\% P=?GLE=AJ% @M?%;EEGAE=@A%E@%BM=EG%DHGL=\=L%H?@Q>G<D%;AP%EIG%P=DD@>ME=@A%@\%EIG<_%%

h?=\\=EID%;>D@%<;SGD%EIG%@QDG?C;E=@A%EI;E%@M?%MDGD%@\%L@ALGHED%P=\\G?%QME% P?;`D% ;% CG?N% P=\\G?GAE% L@AL>MD=@A_% .\% EIG?G% =D% A@% L@<<@A%PGA@<=A;E@?R% @M?% L@ALGHED% ;?G% \@MAP% E@%QG%PG\=L=GAE_% .A% EIG% DH=?=E% @\%h?=\\=EIDR% `G% L@M>P% D;N% EI;E% =\% `G% P@% A@E% \=AP% D@<G% P=DE=ALE%HIGA@<GA@A% E@% =PGAE=\N% EIG% L@ALGHE% @\% >@CG% `=EIR% EIGA% V>@CGX% =D%L>G;?>N%;%<=D>G;P=AJ%L@ALGHE_%.E%`@M>PR%IG%DGG<D%E@%EI=ASR%QG%QGEEG?%E@%\@?<% ;% L@ALGHE% EI;E% ?G\G?D% E@% EIG% P=DE=ALE% HIGA@<GA@A% DL=GALG% I;D%?GCG;>GP%E@%Gg=DE_%%

,@`R%.%P@%A@E%`;AE%E@%PGAN%EI;E%V>@CGX%=D%A@E%;%J@@P%L@ALGHE%\@?%EIG% =ACGDE=J;E=@AD% @\% A;EM?;>% DL=GALG_% .A% \;LER% .% EI=AS% Q@EI% EIG%IM<;A=E=GD%;AP%EIG%A;EM?;>%DL=GALGD%`@M>P%QG%QGEEG?%@\\%=\%@AG%?G;>=eGP%EI;E% =ACGDE=J;E=AJ% Q=@>@J=L;>R% AGM?@>@J=L;>R% LIG<=L;>% @?% HIND=@>@J=L;>%LI;AJGD%@?%H?@LGDDGD% =D%A@E% =ACGDE=J;E=AJ%V>@CGX_%#E%<@DER% EI=D% L@M>P%QG%L;>>GP%;A%=ACGDE=J;E=@A%@\%EIG%DN<HE@<D%@\%>@CG_%/MLI%;%?G;>=e;E=@A%L@M>P%I@HG\M>>N%?G>=GCG%MD%@\%EIG%L@ADE;AE%H?GDD%?G>G;DGD%EI;E%P=\\G?GAE%Q?;ALIGD% @\% DL=GALG% I;CG% P=DL@CG?GP% `I;E% >@CG% =DR% EI;E% V=A\;EM;E=@A%>;DED%\@?%;%NG;?X%@?%V`@?SD%>=SG%;%P?MJX_%,GCG?EIG>GDDR%GCGA%=\%`G%\=AP%EI;E%V>@CGX%@?%VG<@E=@AX%;?G% =A;HH?@H?=;EG% L@ALGHED% \@?% DL=GALGR% EI=D%P@GD%A@E%<G;A%EI;E%EIGN%>;LS%<G;A=AJ%=A%@M?%>=\G_%$IG%<G;A=AJ%@\%EIG%L@ALGHED%=D%A@E%PGHGAPGAE%@A%EIG=?%I;C=AJ%;%?G\G?GAE_c3%%

+0!?+!6#0&!:#7?8!(!*&9#*%!#A!#$&K'!A&&6+$3'E!

$I=D%=D%`IG?G%.%\=AP%EIG%E?MG%\@?LG%@\%!=EEJGADEG=AiD%G>ML=P;E=@AD_%.A%I=D%=AE?@PMLE@?N%?G<;?SD%@A%>;AJM;JG%=A%EIG%V%48#5#H%4@,8!A-3&5$4+,$4#-5R%;D%`G>>% ;D% =A% I=D% G<HI;D=D% @A% EIG% ?@>G% @\% H?=<=E=CG% ?G;LE=@AD% ;AP%?GDH@ADGD% E@% @EIG?% HG@H>G% =A% @M?% MAPG?DE;AP=AJ% @\% IM<;A% QG=AJDR%!=EEJGADEG=A%?G<=APD%MD%EI;E%@M?%`@?PD%;?G%E=GP%E@%P=\\G?GAE%H?;LE=LGD%;AP%?G;LE=@AD%E@`;?PD%G;LI%@EIG?%;AP%`I;E%I;HHGAD%E@%MD_%#J;=ADE%EIG%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%c3%$IG%=PGAE=\=L;E=@A%@\%X<G;A=AJX%`=EI%X?G\G?GAEX%;>D@%GgH>;=AD%h?=\\=EIDiD%DLGHE=L=D<%E@`;?PD% L@ALGHEM;>% ;A;>ND=DR% D=ALG% IG% EI=ASD% EIG% ;=<% @\% L@ALGHEM;>% ;A;>ND=D% =D% E@%H?@C=PG%MD%`=EI%PG\=A=E=@AD_%"G%?GAPG?D%EI=D%HM?H@?EGP%;=<%=A%EI=D%`;N0%V:@ALGHEM;>%;A;>ND=D%L;A%?GCG;>%E@%MD%EIG%L@AP=E=@AD%\@?%EIG%;HH>=L;E=@A%@\%C;?=@MD%G<@E=@A%EG?<D_%+APG?DE;AP=AJ% EIGDG% ;HH>=L;E=@A% L@AP=E=@AD% `=>>% ;>>@`% MD% E@% \?;<G% xPG\=A=E=@ADi@\%EIGDG% C;?=@MD% G<@E=@ADR% ;APR% QN% ;QDE?;LE=@AR% ;% JGAG?;>% PG\=A=E=@A% @\% G<@E=@A_X%ah?=\\=EID%7112R%cb%.E%AGGP%A@E%QG%\;>DG%EI;E%EIG?G%;?G%HI=>@D@HIG?D%`I@%C=G`%L@ALGHEM;>%;A;>ND=D% =A% EI=D%`;N_%$IG%S=AP%@\% =ACGDE=J;E=@A% .%H?@H@DGR%I@`GCG?R% =D%CG?N%P=\\G?GAE%\?@<%EI;E_%.%;>D@%EI=AS%EI=D%=D%EIG%S=AP%@\%HI=>@D@HI=L;>%=ACGDE=J;E=@A%!=EEJGADEG=A_%

& 2# % + # $ !

!

C C !

=PG;% EI;E% EIG?G% =D% @AG% \G;EM?G% EI;E%GgH>;=AD%@M?%MD=AJ%@AG% L@ALGHE% =A%P=\\G?GAE% D=EM;E=@ADR% DMLI% ;D% ;% L@<<@A% ?G\G?GAER% IG% G<HI;D=eGD% EI;E%`G%P@%A@E%<G?G>N%?GH@?E%@?%PGDL?=QG%DE;EGD%@\%EIG%`@?>P%@?%@\%EIG%<=AP%=A% >;AJM;JG_% l;EIG?% IG% PG<@ADE?;EGD% EIG% L@AAGLE=@AD% QGE`GGA%>;AJM;JG%;AP%;LE=@A_%.A%P=\\G?GAE%L=?LM<DE;ALGD%@M?%`@?PD%L@ADE=EMEG%V@?PG?DXR% VH?@<=DGDXR% V^@SGDXR% VINH@EIGDGDX% ;AP% D@% @A_% (A@`=AJ%`I;E%VH;=AX%=D%=A%EI;E%`;N%=D%A@E%@A>N%E@%QG%;Q>G%E@%L@??GLE>N%;EE?=QMEG%;%H;?E=LM>;?%DE;EG%E@%D@<G@AG_%/GG=AJ%EI;E%D@<G@AG%=D%=A%H;=AR%@?%;DS=AJ%`IGEIG?%IG%@?%DIG%=DR%;>D@%L@ALG?AD%EIG%`;N%`G%PG;>%`=EI%EIG%HG?D@A%=A%H;=AR% MD% E;S=AJ% L;?G% @\% I=<% @?% IG?R% EGAP=AJ% E@% I=D% @?% IG?% `@MAPDR%@\\G?=AJ%L@<\@?E%;AP%H;=AS=>>G?D_%%

$IG% \@>>@`=AJ%EGAE;E=CG%;EEG<HE% E@%L;HEM?G% EIG%P=\\G?GALG%QGE`GGA%\=?DE%HG?D@A%;C@`;>D%;AP%EI=?P%HG?D@A%;EE?=QME=@AD%@\%G<@E=@A% =D%;>D@%?GCG>;E@?N%@\%EIG%`;ND%=A%`I=LI%`I;E%`G%D;N%`=EI%?GDHGLE%E@%G<@E=@AD%<;N%QG%GgH?GDD=CG%@\%`I;E%`G%\GG>_%%

ODNLI@>@J=L;>%CG?QD%LI;?;LEG?=eGP%QN%EIG%\;LE%EI;E%EIG%EI=?P%HG?D@A%@\%EIG%H?GDGAE%=D%E@%QG%CG?=\=GP%QN%@QDG?C;E=@AR%EIG%\=?DE%HG?D@A%A@E_%/GAEGALGD% =A% EIG% EI=?P% HG?D@A% @\% EIG% H?GDGAE0% =A\@?<;E=@A_% .A%

EIG%\=?DE%HG?D@A%H?GDGAE0%GgH?GDD=@A_%aa,@E%BM=EG%?=JIE_bb%%$IG%\=?DE%HG?D@A%@\%EIG%H?GDGAE%;S=A%E@%;A%GgH?GDD=@A_%%

a!=EEJGADEG=A%7182R%qm26b%

:@<H;?G%EI=D%`=EI%EIG%?G<;?S%EI;E%`I;E%EIG%LI=>P%>G;?AD%=A%>G;?A=AJ%E@%D;N% V.% ;<% =A%H;=AX% =D%AG`%H;=A4QGI;C=@M?% a!=EEJGADEG=A% 7112R% qm66bR%;AP% \M?EIG?% `=EI% EIG% A@E=@A% EI;E% @M?% G<@E=@A;>% ;AP% <GAE;>%C@L;QM>;?NR% ;D% =E% `G?GR% J?@`D% @ME% @\% H?=<=E=CG% ?G;LE=@ADR% DMLI% ;D%EGAP=AJ%E@%@EIG?%HG@H>GiD%`@MAPD%;D%E@%@M?%@`A%;AP%;>D@%?G;LE=AJ%E@%@EIG?% HG@H>GiD% H;=A% QGI;C=@M?% =A%`;ND%`G% P@% A@E% ?G;LE% E@% @M?% @`A%a!=EEJGADEG=A%7182R%q5mF45m7R%L\_%;>D@%q5c245c1R%5m6b_%

#?JM=AJ%;J;=ADE%EIG%=PG;%EI;E%`G%<G?G>N%?GH@?E%@?%PGDL?=QG%DE;EGD%@\%EIG% `@?>P% @?% @\% EIG% <=AP% `IGA% `G% DHG;S% @\% >@CG% W_T_K_% "MAEG?%?G<;?SD%EI;E%;DS=AJ%%

`I;E%>@CGR%L@ALG=CGP%;D%;%DE;EGR%=D%vzw%L@AE;=AD%vzw%EIG%<=DE;SG%@\%DMHH@D=AJ%EI;E%EIG%`@?P%x>@CGi%=D%MDGP%E@%?GL@?P%EIG%Gg=DEGALG%@\%;%LI;?;LEG?=DE=L%DE;EG%a@?%@AG%@\%;%DGE%@\%DMLI%DE;EGDbR%@?%EI;E%=E%=D%MDGP% E@% GgH?GDD% EIG% QG>=G\%@?% EIG%IMALI% EI;E% EIG% DE;EG% @AG% =D% =A%`=>>%@AG%P;N%QG%\@MAP%E@%I;CG%QGGA%>@CG_%a"MAEG?%711FR%2b%%

&<HI;D=e=AJ%EI;E%PGL>;?=AJ%@AGiD%>@CG%\@?%D@<G@AG%=D%A@E%EIG%D;<G%;D%?GH@?E=AJ% G=EIG?% `I;E% @AG% \GG>D% @?% I@`% @AG% =D% QGI;C=AJR% "MAEG?%=AE?@PMLGD%MD%E@%W@IAR%`I@R%`IGA%;DSGP%QN%K;?NR%VW@IAR%P@%N@M%>@CG%<GZX%?GH>=GD0%%

? , . ( % ! ( ! A & & 6 + $ 3 ? !

!

C = !

!G>>R% .% EI=AS% @\% N@M% P;N% ;AP% A=JIER% .i<% P?MAS% `=EI% H>G;DM?G%`IGA%.%;<%`=EI%N@M%;AP%.%NG;?A%\@?%N@M%EG??=Q>N%`IGA%.i<%A@E_%.%I;CG%>@DE%=AEG?GDE%=A%@EIG?%`@<GA%;AP%=E%<;SGD%<G%\?;AE=L%`IGA%.%DGG%@EIG?%<GA%\>=?E=AJ%`=EI%N@Mz%a"MAEG?%711FR%c3b%%

#D% ENH=L;>% ;D% EIGDG%GgH?GDD=@AD%<;N%QG%@\% D@<G@AG% =A% >@CGR% \=JM?=AJ%HG?I;HD% =A% ;% PGL>;?;E=@A% @\% >@CG% @?% =A% ;% ?G;DDM?;ALG% @\% @AGiD% >@CGR%"MAEG?%?G<;?SD%EI;E%VEIG%D=JA=\=L;AE%EI=AJ%=D%EI;E%IG%DI@M>P%I;AJ%Q;LS%\?@<%D;N=AJ%xjGD%.%P@_iX%a711FR%c3b_%!I;E%W@IA%D;ND%P@GD%A@E%;<@MAE%E@%D;N=AJ% V.% >@CG% N@M_X% .E% P@GD% A@E% ;AD`G?% EIG% BMGDE=@A_%!G%<;N%`G>>%EI=AS%EI;E%K;?N%`=>>%QG%P=D;HH@=AEGP_%%

v!wI;E%;%QG>@CGP%`;AED%E@%IG;?%=D%;A%;LEM;>%PGL>;?;E=@A%@\%>@CG_%,@%<;EEG?%I@`%>@AJ%@AG%I;D%J@AG%@A%?GL@?P=AJ%^@NR%GAEIMD=;D<R%EGAPG?AGDDR%^G;>@MDN%;AP%D@%@AR%;%AG`%H>MAJG%=D%E;SGA%=A%D;N=AJ%x.%;<%=A%>@CG%`=EI%N@M_i%a"MAEG?%711FR%c3b%%

"MAEG?% ;>G?ED% MD% E@% EIG% DHGL=;>% H>;LG% D;N=AJ% V.% >@CG% N@MX% I;D% =A% EIG%?G>;E=@ADI=H%QGE`GGA%>@CG?DR%GDHGL=;>>N%;E%EIG%?&+4--4-+%@\%=E_%)ME%`IN%DI@M>P% =E% <;EEG?% `I;E% W@IA% D;NDZ% .\% `G% ;J?GGP% EI;E% D;N=AJ% EI;E%D@<G@AG%>@CGD%=D%H@=AE=AJ%@ME%;%P=DH@D=E=@A%E@%;LE%;AP%\GG>%=A%P=\\G?GAE%`;ND%=E%`@M>P%QG%MAL>G;?%`IN%`G%`@M>P%`;AE%E@%P=DE=AJM=DI%EIG%W@IA%`I@%\=ED% EIG%;Q@CG%PGDL?=HE=@A%QME%P@GD%A@E% D;N%IG% >@CGD%K;?N% \?@<%EIG%@AG%`I@%P@GD_%jGER%EI=D%=D%;%P=DE=ALE=@A%EI;E%L;A%QG%;AP%=D%<;PG_%%

$IG% ;AD`G?R% @\% L@M?DGR% =D! -#$% EI;E% QN% D;N=AJR% V.% >@CG% N@MXR% W@IA%<;J=L;>>N% Q?=AJD% >@CG% =AE@% QG=AJ_% ,G=EIG?% =D% =E% H@DD=Q>G% \@?% W@IA% E@%DE=HM>;EG% EI;E%`I;E%IG% =D% \GG>=AJ% \@?%K;?NR% =A% EIG%`=PGDE% DGADG%@\% EIG%`@?PR% =D% >@CG_% K;?N% <;N% DE=>>% D;NR% Vj@M% P@AiE% SA@`% `I;E% N@Mi?G%E;>S=AJ% ;Q@MEXR% @?R% V!;=E% xE=>% N@M% E?M>N% \=AP% D@<G@AG% N@M% >@CG% MAE=>%N@M%D;N%EI;E_X%,GCG?EIG>GDDR%>@CG%=D%A@E%;ANEI=AJ%EI;E%Gg=DED%=A%W@IA%@?%=A%I=D%QGI;C=@M?%=APGHGAPGAE>N%@\%`I;E%IG%D;ND_%%

:G?E;=A>NR%;%\?=GAP%@\%I=DR%)=>>R%<;N%D;NR%V"GiD%L>G;?>N% =A% >@CG%`=EI%IG?_%WMDE%>@@S%;E%I=<oX%*?R%V"G%?G\MDGD%E@%;LLGHE%EI;E%IG%>@CGD%IG?X_%!G%<;N% `G>>% =<;J=AG% ;% L;DG% =A% `I=LI% W@IAiD% >@CG% \@?% K;?N% =D% <@?G%@QC=@MD%E@%@EIG?D%EI;A%=E%=D%E@%I=<DG>\_%"@`GCG?R%)=>>%@,--#$%J@%E@%K;?N%;AP% PGL>;?G% W@IAiD% >@CG% =A% I=D% H>;LG_% *\% L@M?DGR% IG% <;N% EG>>% K;?NR%VW@IA% ?G;>>N% >@CGD%N@M_% WMDE%`;=E%MAE=>%IG% L@<GD%;?@MAPXR%QME% EI=D% =D%A@E% ;%PGL>;?;E=@A%@\% >@CG% =A% EIG% DGADG% =A%`I=LI% W@IA%<;N%PGL>;?G%%45%>@CG_%)=>>%<;N%DGG%I=D%E;>S=AJ%E@%K;?N%;D%;%`;N%@\%@\\G?=AJ%IG?%L@<\@?ER%

& 2# % + # $ !

!

C H !

`IG?G;D% W@IAR% `IGA% IG% \=APD% @MER% <;N% EI=AS% )=>>% I;P% Q?@SGA% I=D%E?MDE_c1%%

"MAEG?%DHG;SD%@\%W@IA%;D%E?N=AJ%E@%PGEG?<=AG%`IGEIG?%IG%>@CGD%IG?%VQN%?GC=G`=AJ%EIG%GC=PGALGX%a711FR%c3b_%$I=D%Gg;LE>N%;HHG;?D%E@%QG%I=D%H?@Q>G<_%"G%;LED%;D% =\% EIG%BMGDE=@A%;Q@ME%`IGEIG?%IG% >@CGD%L@M>P%QG%PGEG?<=AGP%`=EI@ME%I=<%QG=AJ%=AC@>CGP%=A%EIG%;AD`G?%EI;E%%&%J=CGD_%.A%@EIG?%`@?PDR%IG%;LED%;D% =\% EIG%BMGDE=@A%;Q@ME%`IGEIG?%IG% >@CGD%K;?N%P@GD%A@E%?G;>>N%L@ALG?A%%4'R%I=D%@`A%`=>>=AJAGDD%@?%MA`=>>=AJAGDD%E@%J=CG%I=<DG>\%E@%IG?R%`I=LI%=D%M>E=<;EG>N%`I;E%D;N=AJ%EIGDG%`@?PD%;AP%<G;A=AJ%EIG<%;<@MAED%E@_%$I=D%Q?=AJD%@ME%@AG%`;N%=A%`I=LI%D;N=AJR%V.%>@CG%N@MXR%L;A%QG%DGGA%;D%L@ADE=EME=CG%@\%>@CG_%.\%W@IA%=D%A@E%`=>>=AJ%E@%PGL>;?G%I=D% >@CG%\@?%K;?NR% =E% =D%A@E% ?=JIE% E@%PGDL?=QG%I=<%;D% >@C=AJ%IG?%@?%E@%DHG;S%@\%I=D%\GG>=AJD%;AP%QGI;C=@M?%;D%GgH?GDD=CG%@\%I=D%>@CG_%#D%.%;>?G;PN%=<H>=GPR%`G%<;N%D;N%EI;E%IG%V;C@=PDX%EG>>=AJ%IG?%EI;E%IG%>@CGD%IG?_%,GCG?EIG>GDDR%\@?%MD%E@%QG%;Q>G%E@%PGDL?=QG%I=<%;D%>@C=AJ%IG?R%IG% AGGPDR% \@?% >;LS% @\% ;% QGEEG?% `@?PR% E@% V=PGAE=\NX% I=<DG>\% `=EI% I=D%\GG>=AJD_%"G%AGGPD%E@%DGG%I=D%\GG>=AJD%;D%GgH?GDD=CG%@\%I=<%;AP%@\%I=D%>@CG%\@?%IG?R%PGL>;?=AJ%EI;E%EI=D%=D%EIG%`;N%IG%MAPG?DE;APD%I=D%\GG>=AJD%;AP%I@`%IG%`;AED%@EIG?D%E@%MAPG?DE;AP%EIG<%;D%`G>>_%%

$I=D% ;>D@% DI@`D% @AG% @\% EIG% P=DE=ALE=@AD% QGE`GGA% EIG% \=?DE% ;AP% EIG%EI=?P%HG?D@A%HG?DHGLE=CG%`I=LI%C=G`=AJ%;>>%E;>S%;Q@ME%>@CG%;D%?GH@?ED%\;=>D%E@%;LSA@`>GPJG_%/;N=AJR%V.%>@CG%N@MX%=D%A@E%H?=<;?=>N%;%.&5@(4H$4#-%@\%`I;E% .% \GG>n% =E% =D% ;A% &LH(&554#-% @\%<N% >@CG_% .A% @AG% D=EM;E=@A% =E% =D% ;%PGL>;?;E=@AR% DIN% @?% Q@>P_% .A% @EIG?D% =E% =D% ;% J?GGE=AJR% ;% L@A\GDD=@AR% ;%H?@<=DGR%@?%;%H?;NG?_%!I;E%P=DE=AJM=DIGD%EIG%\=?DE%;AP%EIG%EI=?P%HG?D@A%\?@<%G;LI%@EIG?R% EIG?G\@?GR% =D%A@E% EI;E% .% ;<% EIG%@A>N%@AG%`=EI%P=?GLE%;LLGDD% E@% <N% @`A% <GAE;>% >=\G_% $I=D% H=LEM?GR% ;D% .% I;CG% D;=PR% =D%=>>M<=A;E=AJ%@A>N! =A%D@<G%?GDHGLEDR%;AP%P@GD%A@E%GgL>MPG% EI;E%@EIG?D%<;N%I;CG%;%QGEEG?%J?;DH%@\%`I;E% .%;<%P@=AJ%;AP%\GG>=AJ%EI;A%.%I;CG%<NDG>\_% $IG% P=\\G?GALG% `G% AGGP% E@% JGE% I@>P% @\% =D% EIG% J?;<<;E=L;>%P=\\G?GALG% QGE`GGA% `I;E% .% D;N% ;Q@ME% <NDG>\% ;AP% `I;E% .% D;N% ;Q@ME%@EIG?D_% .% ;<R% ;D% =E% `G?GR% =A% ;% P=\\G?GAE% H@D=E=@A% EI;A% @EIG?D%`IGA% =E%L@<GD%E@%D;N=AJ%`I;E%.%\GG>_%!IGA%.%;<%DHG;S=AJ%;Q@ME%<NDG>\R%.%;<%\@?%@AG% EI=AJ%A@E% DHG;S=AJ%,?#0$%<NDG>\_%!I;E% .% D;N% =D% GgH?GDD=CG%@\%'&<%.A%L;>>=AJ%<N%\GG>=AJD%>@CG%.%L@<<=E%<NDG>\%E@%EI=D%MAPG?DE;AP=AJ%@\% EIG<_% .E% =D% ;A% &LH(&554#-% ;AP% ,($4@08,$4#-% @\% `I;E% .% \GG>R% ;AP% A@E%H?=<;?=>N%;A%@QDG?C;E=@A_%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%c1%$IGDG%`;ND%@\%?G;LE=AJ%;?G%A@E%<G;AE%E@%QG%L@AL>MD=CG%;Q@ME%`I;E%<;N%QG%D;=P%=A%DMLI% ;% L;DG_%$IGN% ;?G% @A>N%<G;AE% E@% DI@`% EIG%P=?GLE=@A% =A%`I=LI% DMLI%;%P=DLMDD=@A%<;N%J@_%

? , . ( % ! ( ! A & & 6 + $ 3 ? !

!

C @ !

:>G;?>N% W@IA% =D%`@??N=AJ%;Q@ME%<;S=AJ%;%<=DE;SG% =A% EG>>=AJ%K;?N%EI;E% IG% >@CGD% IG?_% #AP% `IN% A@EZ% }M=EG% ;% >@E% <;N% PGHGAP% @A% EI=D%H>MAJGn% <;??=;JGR% LI=>P?GAR% ;% I@MDG% >@;AR% A@E% E@% <GAE=@A% I=D%P=D;HH@=AE=AJ% IG?_% K;AN% HI=>@D@HIG?D% ;>D@% ;HHG;?% E@% `@??N% ;Q@ME%<;S=AJ% DMLI% <=DE;SGD_% h?=\\=EIDiD% ;LL@MAE% DMJJGDED% EI;E% `G% DI@M>P%L@AD=PG?R%;AP%HG?I;HD%?GL@AD=PG?R%EIG%L;EGJ@?=GD%`G%MDG%E@%<;SG%DGADG%@\% @M?% >=\G% QGL;MDG% EIGN% <=JIE% QG% <=DE;SGA_% #>EI@MJI% IG% P@GD% A@E%DMJJGDE%EI;E%>@CG%=D%;%L@ALGHE%@\%`I=LI%`G%AGGP%E@%?=P%@M?DG>CGDR%EIG?G%=D%;%\GG>=AJ%?MAA=AJ%EI?@MJI%I=D%;?JM<GAE%EI;E%EIG?G%<=JIE%QG%;DHGLED%@\%@M?%>=\G%=A%`I=LI%`G%I;CG%J?;CG>N%<=DE;SGA%@M?DG>CGD%;D%E@%`I;E%=D%;E% DE;SG_%$I=D% \GG>=AJ%;>D@% =AE?@PMLGD% =EDG>\% =A% EIG%`@??N% DL=GALG%<;N%E;SG% ;`;N% EIG% <NDEG?N% @\% >@CGR% ;AP% HG?I;HD% ?GCG;>% EI;E% `G% `G?G%`?@AJ% =A% EI=AS=AJ% EI;E% `G% >@CGPR% QN% @\\G?=AJ% MD% ;A% GgH>;A;E=@A% @\%>@CG_%

OI=>@D@HIG?D%DMLI%;D%h?=\\=EID%;AP%@EIG?%HI=>@D@HIG?D%=AEG?GDEGP%=A%\=AP=AJ%PG\=A=EG%L?=EG?=;%\@?%>@CG%`@M>P%H?@Q;Q>N%L>;=<%EI;E%EIG?G%=D%;%P=\\G?GALG%QGE`GGA% EIG%<=DE;SGD% EIGN% ;?G% =AEG?GDEGP% =A% ;C@=P=AJ% ;AP%W@IAiD%`@??N%EI;E%IG%=D%<;S=AJ%@AG_%!I;E%EIGN%;?G%=AEG?GDEGP%=AR%EIGN%<=JIE% D;NR% =D% A@E% `IGEIG?% EIGN% EIG<DG>CGD% >@CGR% QMER% D;NR% EIG%H@DD=Q=>=E=GD% @\% <=DE;SGR% @?% EIG% L@AP=E=@AD% MAPG?% `I=LI% `G% <;N% QG%<=DE;SGA_% .%;<R%I@`GCG?R%A@E%D@%LG?E;=A_% .A%W@IAiD%L;DGR%`G%D;`%I@`%EIG%EGAPGALN%E@%E;SG%@M?%E;>S%;Q@ME%>@CG%;D%G<@E=@A;>%?GH@?ED%`;D%H;?E%@\% ;% <@?;>% P=\\=LM>EN% E@% L@<<=E% I=<DG>\% E@% >@CG_% "=D% ;EEG<HE% ;E%?GD@>C=AJ% EIG% BMGDE=@A% QN% J@=AJ% EI?@MJI% I=D% \GG>=AJD% =A% =EDG>\%L@ADE=EMEGP% ;% \;=>M?G% =A% I=D% >@CG_% /@<GEI=AJ% D=<=>;?% <;N% QG% D;=P% @\%<;AN% HI=>@D@HI=L;>% ;LL@MAED% @\% >@CG_% #>EI@MJI% .% <;N% `@??N% EI;E%D@<G@AG% G>DG% L@M>P% PGEG?<=AG%`IGEIG?% .% ?G;>>N% >@CGR% EIG% EI@MJIE% @\%DMLI% ;%H@DD=Q=>=EN%<;N% ;>D@% =AE?=JMG%<G_% V!I;E% =\%<N%BMGDE=@AD% ;AP%L@ALG?AD%;Q@ME% >@CG% ?G;>>N% L@M>P%QG% DGEE>GP%@ALG%;AP%\@?%;>>R%`=EI@ME%<N%I;C=AJ%E@%E;SG%?GDH@AD=Q=>=EN%\@?%EIG%;AD`G?%EI;E%.%?G;LIZX%%

!IGA%HI=>@D@HI=e=AJ%;Q@ME%>@CG%.%EI=AS%`G%G;D=>N%Q?=AJ%D@<G%H;?E%@\%EI=D%EG<HE;E=@A%`=EI%MD_%!G%;?G%P?;`A%E@%EIG%BMGDE=@A%@\%`I;E%>@CG%=D%H?GL=DG>N%QN%`I;E%I;C=AJ%;A%;AD`G?%E@%EI=D%BMGDE=@A%`@M>P%GAE;=>0%;%\=A;>%;AD`G?% E@%;%L@ADE;AE>N%G>MD=CG%BMGDE=@AR% EIG%GAP%@\% DM\\G?=AJ% =A%\=JM?=AJ% =E% @ME% ;AP% ;A% GDL;HG% \?@<% @M?% ?GDH@AD=Q=>=EN% \@?% E;S=AJ% ;%DE;AP_%#AP%\=A;>>NR%`I;E%<;N%DE?=SG%@AG%;D%EIG%<@DE%H;?;P@g=L;>%@\%;>>R%=E%I@>PD%EIG%PMQ=E;Q>G%H?@<=DG%@\%;%`;N%@ME%@\%>@C=AJR%I;C=AJ%>@CG%@ME%@\%@AGiD%I;APDR%\@?%EI;E%Gg;LE>N%DGG<D%E@%QG%EIG%;=<%@\%EI=D%DG;?LI%\@?%`I;E%>@CG%=D_%$I=D%EGAPGALN%L@<Q=AGD%`=EI%EIG%<@?G%JGAG?;>%EGAPGALN%=A% HI=>@D@HIN% E@% EI=AS% EI;E% =E% L@M>P% D@>CG% @M?% <@?;>% @?% Gg=DEGAE=;>%H?@Q>G<D_%%

& 2# % + # $ !

!

= G !

0!"*+%&*+(!A#*!6#0&!

$IG% ;Q@CG% P=DLMDD=@A% H?GDGAED% MD% `=EI% @AG% @QC=@MD% H?@Q>G<% `=EI%EI=AS=AJ% EI;E%HI=>@D@HIN%;AP% DL=GALG% L@M>P%H?@C=PG%MD%`=EI%PG\=A=EG%L?=EG?=;% \@?%PGEG?<=A=AJ%`IGEIG?% D@<GEI=AJ% =D% >@CG_%O@=AE=AJ%@ME% EIG%?@>G%P=\\G?GAE% \GG>=AJD% ;AP%QGI;C=@M?%I;CG% =A% >@CG% ?G<=APD%MD%@\% EIG%A;EM?;>%GgH?GDD=@AD%EI;E%>@CG%a;AP%EIG%@EIG?%G<@E=@ADb%L;A%QG%D;=P%E@%E;SG_% $IG?G% =DR% ;D% =E% `G?GR% ;A% =AEG?A;>% ?G>;E=@A% QGE`GGA% D;N=AJ% EI;E%D@<G@AG% =D%VQM?DE=AJ%`=EI% ^@NX%@?%V\GG>=AJ% >=JIE4IG;PGPX%;AP%D;N=AJ%EI;E% DIG% =D% =A% >@CG_%#%PGDL?=HE=@A%@\% EI=D%S=AP%<;NR%;D%`G%I;CG%DGGAR%\G;EM?G%=A%;%A@CG>% E@%L@ACGN%EIG%;`;SGA=AJ%>@CG%@\%@AG%LI;?;LEG?%\@?%;A@EIG?_% $I=AS% @A>N% @\%I@`%h?MDIGAS;iD% D<=>G% >=E% MH%IG?% \;LG%`IGA%K=EN;%`;>SGP% =AR%@?%I@`%IGR%QG\@?G%h?MDIGAS;iD%PGL>;?;E=@A%@\% >@CGR%`;D%<@C=AJ%\?@<%^G;>@MDN%E@%\;=EI%=A%IG?%`IGAGCG?%IG%`;D%DGH;?;EGP%\?@<%;AP%?GMA=EGP%`=EI%IG?%aY@DE@GCDSN%71m1R%61c4615b_%%

$@% L@AL>MPG% EI;E% @M?% QGI;C=@M?% @?% \GG>=AJD% @\\G?% PGEG?<=A;EG%GC=PGALG% @?% L?=EG?=;% \@?% ^MPJ=AJ%`I;E% ?G;>>N% E;SGD% H>;LGR% I@`GCG?R% =D%<=D>G;P=AJR%A@E% E@% D;N%`?@AJ_% .E% DMJJGDED% EI;E% ^MPJ=AJ% EI;E% D@<G@AG%>@CGD% =D% ;% L@AL>MD=@A% P?;`A% \?@<% LG?E;=A% \;LEDR% @?% EI;E% =E% =D% ;%INH@EIGD=D% ;Q@ME% I@`% IG% @?% DIG% `=>>% ?G;LE% =A% EIG% \MEM?G_% h?=\\=EID%EGDE=\=GD% E@% DMLI% ;% C=G`% =A% I=D% G<HI;D=D% @A% MD=AJ% L@ALGHED% \@?%VGgH>;A;E=@A% ;AP% =APMLE=@AX% ;AP% =A% I=D% DMJJGDE=@A% EI;E% `G% MDG%G<@E=@A% EG?<D% E@% VPG?=CG% H?GP=LE=@AD% ;Q@ME% I@`% HG@H>G% `=>>% ;LEX%ah?=\\=EID% 7112R% 6mmb_% $I=D% DMJJGDE=@A% =D% H?@Q>G<;E=L% =A% DGCG?;>%?GDHGLED_%%

$@%QGJ=A%`=EIR% EIG?G% ;?G%A@% ?M>GD% \@?%`I;E% L@M>P% L@MAE% ;D% ;LED%@?%\GG>=AJD%@\%>@CG_%$IG?G%=D%A@%J=CGA%H;EEG?A%@\%QGI;C=@M?%@?%\GG>=AJD%=A%`I=LI% >@CG% L@AD=DED_%!I;E%`G%<;N% L@<G% E@% DGG% ;D% ;A% GgH?GDD=@A% @\%>@CG%PGHGAPD%@A%EIG%H;?E=LM>;?%L@AEGgED%;AP%@M?%;Q=>=EN%E@%?GDH@AP%E@%D@<GEI=AJ%;D%;A%GgH?GDD=@A%@\%>@CG%=A%EIG<_%#D%(=G?SGJ;;?P%D;ND0%

$IG?G%=D%A@%`@?P%=A%IM<;A%>;AJM;JG%v;AP%\M?EIG?%@A%A@%PGGPDwR%A@E%;%D=AJ>G%@AGR%A@E% EIG%<@DE%D;L?GP%`@?PR%@\%`I=LI%`G%L@M>P%D;N0% `IGA% ;%<;A% MDGD% EI=D%`@?PR% =E% =D% MAL@AP=E=@A;>>N% H?@CGP%EIG?GQN% EI;E% EIG?G% =D% >@CG% =A%I=<_%l;EIG?R% =E% =D% E?MG% EI;E% ;%`@?P%\?@<%@AG%HG?D@A%L;A%L@AC=ALG%MD% EI;E% EIG?G% =D% >@CG% =A%I=<%;AP%EIG% @HH@D=EG% `@?P% \?@<% ;A@EIG?% L;A% L@AC=ALG% MD% EI;E% EIG?G% =D%>@CG% =A% I=<% ;>D@_% .E% =D% E?MG% EI;E% @AG% ;AP% EIG% D;<G% `@?P% L;A%L@AC=ALG% MD% EI;E% >@CG% P`G>>D% =A% EIG% HG?D@A%`I@%MEEG?GP% =E% ;AP%A@E% =A% ;A@EIG?% `I@% AGCG?EIG>GDD% MEEG?GP% EIG% D;<G% `@?P_%a(=G?SGJ;;?P%7186R%cFb%

? , . ( % ! ( ! A & & 6 + $ 3 ? !

!

= ; !

.E% DI@M>PR% ;J;=AR% QG% G<HI;D=eGP% EI;E% EIG?G% A@E% QG=AJ% ;AN% L>G;?>N%PG\=AGP%`@?PD%@?%;LED%@\%>@CG%P@GD%A@E%=<H>N%EI;E%@M?%DHG;S=AJ%;Q@ME%>@CG%=D%?GAPG?GP%<G;A=AJ>GDDR%@?%MADE;Q>G%;D%h?=\\=EID%`;AE%E@%DMJJGDE_%$IG%BM@EG%QN%(=G?SGJ;;?P%?;EIG?%H@=AED%@ME%I@`%DE?@AJ%EIG%L@AC=LE=@A%<;N%QG%EI;E%D@<GEI=AJ%=D%@?%=D%A@E%>@CG%=A%;%H;?E=LM>;?%L;DG_%!G%DI@M>P%;>D@%A@E%\@?JGE%EI;E%GCGA%=\%N@M%;AP%.%\?@<%E=<G%E@%E=<G%\;=>%E@%>@CG%@?%;LE%>@C=AJ>N%EI=D%=D%A@E%H?@@\%EI;E%`G%P@%A@E%>@CG_%j@M%<;N%QG%=??=E;EGP%;E%<N%L@ADE;AE%=APGL=D=CGAGDD%;E%LI@@D=AJ%;%?GDE;M?;AE%@?%;%P?GDD%\@?%;%H;?EN% @?% @ME?;JGP% ;E%<N% DG>\=DIAGDD%`=EI@ME%<N% I;C=AJ% ;AN% P@MQED%EI;E%N@M%>@CG%<G_%%

TM?EIG?<@?GR% @AG% DI@M>P% ?G<G<QG?% EI;E% @M?% ?GL@JA=e=AJ% LG?E;=A%\GG>=AJD%;AP%QGI;C=@M?%;D%GgH?GDD=CG%@\% >@CG%P@%A@E%GgH>;=A%`INR%@?%I@`R%=E%L@<GD%;Q@ME%EI;E%`G%E;SG%EIG<%;D%GgH?GDD=@AD%@\%>@CG_%.E%=D%E?MG%EI;E% EIG?G% ;?G% E=<GD% ;E% `I=LI% .% L@AL>MPG% EI;E% N@M% ;?G% =A% >@CG% \?@<%D@<G%@\%N@M?%?G;LE=@ADR%EIG%D<=>G%@A%N@M?%\;LGR%EIG%@LL;D=@A;>%^G;>@MD%J>;ALG%@?%P=D;HH@=AE<GAE%`IGA% EIG%@AG%`=EI%`I@<%N@M%;?G% =A% >@CG%>G;CGD% EIG% ?@@<_% .\% ;DSGP% `IN% .% EI=AS% N@M% ;?G% =A% >@CGR% .% <;N% ;>D@%;HHG;>%E@%EIGDG%?G;LE=@AD%;D%?G;D@AD%\@?%PGDL?=Q=AJ%N@M%=A%EI=D%`;N_%.A%EI=D% H;?E=LM>;?% L;DG% .% <;N% QG% D;=P% E@% @\\G?% L?=EG?=;% \@?% DGG=AJ% N@M?%QGI;C=@M?%;D%GgH?GDD=CG%@\%>@CG%aL\_%K;>L@><%7122R%7mFb_%%

"@`GCG?R% EI=D%P@GD%A@E%GgH>;=A%I@`%.%L@<G%E@%DGG%N@M?%J>;ALG%;D%^G;>@MD% @?% N@M?% >@@S% ;D% P=D;HH@=AE=AJ% =A% EIG% \=?DE% H>;LG_% $IG?G% =D% A@%;PP=E=@A;>%\G;EM?G%.%<;N%H@=AE%@ME%EI;E%`@M>P%JM;?;AEGG%EI;E%N@M%D;`%EI=D%E@@_%!I;E%EI=D%;<@MAED%E@%=A%EIG%L@AL?GEG%L;DG%`=>>%@\%L@M?DG%C;?N%`=EI%EIG%L;DG_%.%<;N%E?N%E@%GgH?GDD%`I;E%.%DGG%;AP%I@HG%EI;E%N@M%L@<G%E@% DGG% =E%<N%`;N_% .A%<;AN%L;DGD%N@M?% ?GDH@ADG%<;N%;>D@%;J?GG%`=EI%<=AG_%j@M%\=AP%<N%PGDL?=HE=@A%;HH?@H?=;EG%E@%EIG%D=EM;E=@A_%)ME%N@M?%MAPG?DE;AP=AJ%<N%?GDH@ADG%<;N%;>D@%=AC@>CG%N@M?%?GL@JA=E=@A%EI;E%=E%<;SGD%DGADG%\@?%'&%E@%?GDH@AP%=A%EI=D%`;NR%`IG?G;D%N@M%<;N%DE=>>%DGG%=E% P=\\G?GAE>N_%(A@`=AJ% EI;E% .% I;CG% ;A% GNG% \@?% DMLI% EI=AJDR% N@M%<;N%;>D@% E?MDE% <N% ^MPJG<GAE% GCGA% =\% N@M% `@M>P% A@E% DH@AE;AG@MD>N%?GDH@AP%E@%=E%;D%.%P@_mF%%

$I=D%;>D@%Q?=AJD%@ME%=A%`I;E%`;ND%L>;=<=AJ%EI;E%D@<G@AG%=D%=A%>@CG%L;AA@E%<G?G>N% QG% DGGA% ;D% PGDL?=Q=AJ% ;A% @QDG?C;E=@A_% .A%<;S=AJ% EI=D%L>;=<%;Q@ME%N@MR%.%;<%;>D@%J=C=AJ%GgH?GDD=@A%E@%<N%@`A%?GDH@ADG%E@%N@M_% #>?G;PN% =A% `I;E% .% DGG% ;D% ?G>GC;AE% QGI;C=@M?% @?% ;D% ?G>GC;AE%\GG>=AJDR% .% L@<<=E% <NDG>\% E@% ;% LG?E;=A% MAPG?DE;AP=AJ% @\% `I;E% I;D%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%mF%$IGDG%`;ND%@\%DGG=AJ%G<@E=@A%=A%;A@EIG?iD%\;LG%;AP%;LE=@AD%<;N%;>D@%QG%?G;P%=A%EIG%>=JIE%@\%!=EEJGADEG=AiD% ?G<;?SD%@A%;DHGLE% DGG=AJ%;AP% EIG%`;ND% =A%`I=LI%`G%<;N%QG%;>=CG%E@%P=\\G?GAE%;DHGLED%@\%EIG%`@?>P_%%

& 2# % + # $ !

!

= D !

I;HHGAGP_% $IG% <G;A=AJ\M>AGDD% @\% ;EE?=QME=AJ% P=\\G?GAE% G<@E=@AD% E@%N@M% =D% =A% EI;E% `;N% ;>D@% H;?E>N% PGHGAPGAE% @A% <N% `=>>=AJAGDD% ;AP%?GD@>MEGAGDD%E@%DE;AP%QGI=AP%`I;E% .%I;CG%D;=P_%$I=D%<;N%;>D@%QG%@AG%`;N% @\% MAPG?DE;AP=AJ% EIG% V,@E% BM=EG% ?=JIEX% =A%P@MQ>G% Q?;LSGED% EI;E%!=EEJGADEG=A%;PPGP%E@%I=D%P=DE=ALE=@A%QGE`GGA%VDGAEGALGD%=A%EIG%EI=?P%HG?D@A% H?GDGAEX% ;D% V=A\@?<;E=@AX% ;AP% DGAEGALGD% V=A% EIG% \=?DE% HG?D@A%H?GDGAEX% ;D% VGgH?GDD=@AX_% WMDE% ;D%`G%<;N% A@EG% EI;E% DGAEGALGD% =A% EIG%\=?DE%HG?D@A%<;N%;>D@%DG?CG%;D%=A\@?<;E=@AR%=\%A@E%H?=<;?=>NR%DGAEGALGD%=A%EIG%EI=?P%HG?D@A%<;N%QG%GgH?GDD=CG%@\%LG?E;=A%;EE=EMPGD%E@%P=\\G?GAE%D=EM;E=@AD%;AP%HG@H>G_%

WMDE% EI=AS% @\% H;?GAED% `I@% P@% A@E% ;LLGHE% EIG% H;?EAG?D% @\% EIG=?%LI=>P?GAR%L>;=<=AJ%EI;ER%V.E%=D%A@E%>@CGR%=E%=D%@A>N%;A%=A\;EM;E=@A_X%$IG?G%<;NR%@\%L@M?DGR%QG%L;DGD%=A%`I=LI%EIG%H;?GAED%;?G%?=JIE_%&CGA%D@R%EIG?G%;?G% L;DGD% =A% `I=LI% EIG% H;?GAEDi% =AD=DEGALG% EI;E% =E% =D% A@E% >@CG% ?;EIG?%=AC@>CGD% ;% ?G\MD;>% E@% ;LSA@`>GPJG% EIG=?% LI=>P?GAiD% >@CG_% $IGN% ;?G%MA`=>>=AJ%E@%;LLGHE%`I;E%=D%=AC@>CGP%=A%?GL@JA=e=AJ%EIG=?%?G>;E=@ADI=HD%;D% >@CGR% QG% =E% ?G;>=e=AJ% EI;E% EIG=?% LI=>P?GA% I;CG% J?@`A% MH% @?% EI;E%D@<GQ@PN%G>DG%I;D%J;=AGP%;A%=AL?GP=Q>G%=<H@?E;ALG%=A%EIG=?%LI=>P?GAiD%>=CGDR%;AP%L@ADGBMGAE>N%;>D@%=A%EIG=?D_%*?%L@AD=PG?%EIG%?G\MD;>%E@%C=G`%I@<@DGgM;>% >@CG% ;D% >@CG% @?% ;D% GBM;>% E@%IGEG?@DGgM;>% >@CG% =A%H?GDGAE%PGQ;EGD%;Q@ME%EIG%?=JIE%E@%<;??NR%;P@HE%LI=>P?GAR%;AP%D@%@A_%/HG;S=AJ%@\% I@<@DGgM;>% ?G>;E=@ADI=HD% =A% EG?<D% @\% =AL>=A;E=@ADR% @?=GAE;E=@AD% @?%=PGAE=E=GD% EI;E% @AG% <;N% DMHH?GDD% @?% E@>G?;EG% E@% P=\\G?GAE% PGJ?GGD%@QDLM?GD% EI;E% `I;E% =D% ;E% DE;SG% =D% @M?% `=>>=AJAGDD% E@% ?GL@JA=eG%D@<GEI=AJ%;D%>@CGR%@?%@M?%?G\MD;>D%E@%DGG%=E%;D%DMLI%;AP%E;SG%@A%`I;E%J@GD%`=EI%EI;E_%m7%%

$I=D% ;>D@% DI@`D% I@`% MAEGA;Q>G% EIG% DMJJGDE=@A% =D% EI;E% `I;E% =D%AGGPGP% \@?% D@<G@AG% E@% LI;AJG% EIG=?% <=AP% =A% EIGDG% L;DGD% =D% D=<H>N%<@?G% GC=PGALG_%YGAN=AJ% EI;E% EIGDG% ?G>;E=@ADI=HD% ;?G% QM=>E% @A% >@CG% =D%?;EIG?%LI;?;LEG?=eGP%QN%EIG%?G\MD;>%E@%E;SG%;AN%?G;LE=@AD%EI;E%=A%@EIG?%L;DGD% `@M>P% QG% L@AD=PG?GP% E@% QG% GgH?GDD=CG% @\% >@CG% ;D% DMLI_%O;?E=LM>;?>N%=A%EIG%L;DG%@\%I@<@DGgM;>=ENR%@AG%?G\MDGD%E@%DGG%EIG%PGD=?G%@?%^@N%=A%EIG%>@CG?Di%GNGDR%\=AP=AJ%=E%HG?I;HD%E@%QG%;%HG?CG?DG%;EE?;LE=@A_%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%m7% *A% EIG% @EIG?% D=PG% @\% ?G\MD=AJ% E@% DGG% D@<GEI=AJ% ;D% >@CGR% `G% \=AP% EIG% ;EEG<HE% E@%H@?E?;N% D@<GEI=AJ% ;D% >@CG% EI;E% =D% A@E_% /;?;% #I<GP% a6FFmb% P=DLMDDGD% I@`% ?;L=DE%@?J;A=e;E=@AD% >;QG>>GP% VI;EG% J?@MHDX% I;CG% ;EEG<HEGP% E@% PG\=AG% EIG<DG>CGD% ;D% V>@CG%J?@MHDXR%L>;=<=AJ%EI;E%VEIGN%;LE%@ME%@\%>@CG%\@?%EIG=?%@`A%S=APR%;AP%\@?%EIG%A;E=@A%;D%;A% =AIG?=E;ALG% @\% S=AP% ax@M?% !I=EG% l;L=;>% T;<=>=NibR% ?;EIG?% EI;A% @ME% @\% I;E?GP% \@?%DE?;AJG?D%@?%@EIG?DX%a766b_%$I=D%L;DG%=D%;%J@@P%?G<=APG?%EI;E%D=<H>N%L;>>=AJ%D@<GEI=AJ%>@CG%P@GD%A@E%EM?A%=E%=AE@%>@CG_%%%

? , . ( % ! ( ! A & & 6 + $ 3 ? !

!

= < !

*AG%=D%P=DJMDEGP%QN%EIG=?%IMJJ=AJR%S=DD=AJ%;AP%P=D<=DD%EIG=?%PGD=?G%E@%DHGAP%EIG=?%>=\G%E@JGEIG?%`=EI%;A@EIG?R%<;??NR%;AP%D@%@A_%}M@E=AJ%$IG%/<=EIDi% a7138b% D@AJ% V$IG%)@N%`=EI% EIG%$I@?A% =A%"=D% /=PGXR%`G%<;N%;DSR%%

4*!$%&)!5&&!$%&!8#3&!4-!#0(!&)&5!,-.!5$488!$%&)!.#-W$!?&84&3&!05!4*!$%&)!.#-W$!?&84&3&!05!-#7!%#7!@,-!$%&)!&3&(!?&84&3&!05X!!

.E%`@M>P%QG%QGEEG?%E@%D;N%EI;E%L@<=AJ%E@%LI;AJG%@AGiD%<=APD%=A%EIGDG%<;EEG?D%?;EIG?%L@ADE=EMEGD%;%<@?;>%LI;AJG_%%

,@`R%.%`=>>%A@E%QG%;Q>G%E@%D;N%<MLI%;Q@ME%`I;E%<=JIE%QG%=AC@>CGP%=A%DMLI%;%LI;AJG%IG?G_%.%;>D@%P@%A@E%EI=AS%EI;E%=E%=D%H@DD=Q>G%E@%DHG>>%@ME%GCG?NEI=AJ%EI;E%<;N%QG%=AC@>CGP%=A%=E_%#E%>G;DE%=E%<;N%QG%D;=P%EI;E%EI=D%`@M>P% =AC@>CG% EIG% ?GL@JA=E=@A% EI;E% `I;E% @AG% =D% =AL>=AGP% E@% D;N% =A%?GDH@ADG% E@% EIG% BMGDE=@A%`IGEIG?% D@<GEI=AJ% =D% >@CG% @?% A@E% =D% A@E% ;%PGDL?=HE=@A%@\%LG?E;=A%DE;EGD%@\%EIG%`@?>PpI@`GCG?%L@<H>=L;EGP%@AGiD%GgH>;A;E=@AD% <;N% QG% ;D% E@% `INR% \@?% =ADE;ALGR% I@<@DGgM;>=EN% ?G;>>N%P@GD% L@ADE=EMEG% ;A% ;QA@?<;>=ENpQME% ;% HG?D@A;>% J0.+&'&-$% EI;E% =D%GgH?GDD=CG%@\%`I@%@AG%=D_%.E% =D%;% ^MPJG<GAE%A@E%@A>N%=A%EIG%DGADG%EI;E%`G%<;N%^MPJG%LG?E;=A%EI=AJD%E@%QG%EIG%L;DGR%QME%=A%EIG%DGADG%=A%`I=LI%`G%<;N%DHG;S%@\%D@<G@AG%;D%QG=AJ%^MPJG<GAE;>_%.E%?;=DGD%EIG%BMGDE=@A%;Q@ME% =A%`I;E%H@D=E=@A% .% ;<% E@% ^MPJG% D@<G@AG%G>DGiD% >@CG_%Y=P% .%A@E%?;EIG?%E;SG%=E%MH@A%<NDG>\%E@%;AD`G?%;%BMGDE=@A%EI;E%`;D%A@E%P=?GLEGP%E@%<G%=A%EIG%\=?DE%H>;LGZ%%

TM?EIG?<@?GR% =E%`@M>P%=AC@>CG%EIG%?GL@JA=E=@A%EI;E%<N% ^MPJG<GAE%=D%?;EIG?%GgH?GDD=CG%@\%L@AEG<HER%@?%GCGA%I;E?GPR%E@`;?PD%@EIG?%HG@H>G%EI;AR%D;NR%L@<H;DD=@A%;AP%>@CG_%.%;<R%;D%=E%`G?GR%A@E%@A>N%?GDH@AD=Q>G%\@?%`I;E%.%L;>>% >@CG%QME%;>D@%\@?%`I;E%.%DGG%;D%>@CGR%;AP%\@?%QGL@<=AJ%L>G;?% ;Q@ME% `I;E% P=\\G?GAE% ?G;LE=@ADR% `I;E% Q>=AP% DH@ED% =A% <N% @`A%EI=AS=AJR% =A\>MGALG%<N%^MPJG<GAE% =A%EI=AS=AJ%EI;E%D@<GEI=AJ%=D%@?% =D%A@E%>@CG%=A%;%H;?E=LM>;?%?G>;E=@ADI=H_%%

0+!2(1+$3!2+'%(1&'!($-!.(0+$3!-#7)%'!()#7%!6#0&!

!IGA%HI=>@D@HIG?D%E?N%E@%J=CG%;A%;AD`G?%E@%`I;E%>@CG%=DR%@?%H?@C=PG%+&-&(,8%L?=EG?=;%\@?%PGEG?<=A=AJ%`IGEIG?%D@<GEI=AJ%=D%>@CGR%EIGN%=AC=EG%@AG%E@%\@?JGE%EI;E%=E%=D%@A>N%=A%LG?E;=A%D=EM;E=@AD%EI;E%EIG%AGGP%E@%DG;?LI%\@?% L?=EG?=;% ;?=DGD_% $I=D% =D% ;% LGAE?;>% \>;`% =A% EIG=?% ;?JM<GAED_% $IGN%;DDM<G%EI;E%EIG%BMGDE=@A%`IGEIG?%D@<G@AG%>@CGD%L;A%QG%H@DGP%;E%;AN%E=<GR% 74$%#0$! L@AD=PG?=AJ% I@`% EIG% D=EM;E=@A% =A% `I=LI% EIG% BMGDE=@A%

& 2# % + # $ !

!

= B !

;?=DGD% ;AP% EIG% P=\\G?GAE% L@ALG?AD% EI;E% J@CG?A% =E% =D% L?ML=;>% \@?%MAPG?DE;AP=AJ%`I;E%S=AP%@\%BMGDE=@A% =E% =DR%;AP%`I;E%S=AP%@\%;AD`G?%L;A%QG%J=CGA%E@%=E_%%

$IG% \@>>@`=AJ% DLGAG% \?@<% EIG%hG?<;A% \=><%Q#8,! (&--$% a7113b%`G>>%?GCG;>D%EIG%H?@Q>G<D%`=EI%EI=D%S=AP%@\%=AD=DEGALG_%$IG%<;=A%LI;?;LEG?%'@>;% ;DSD% IG?% Q@N\?=GAP% K;AA=% `IGEIG?% IG% >@CGD% IG?_% "G% E?=GD% E@%;DDM?G%IG?%QME%DIG%L@AE=AMGD%E@%;DS0%"@`%L;A%IG%QG%LG?E;=AZ%"@`%P@GD%IG%SA@`%EI;E%DIG%=D%EIG%QGDE%`@<;AZp.\%EIGN%I;P%A@E%<GE%IG%`@M>P%QG%EG>>=AJ%EI=D%E@%D@<GQ@PN%G>DG_%!I;E%=D%=E%\@?%I=D%\GG>=AJR%I=D%IG;?E%E@%EG>>%I=<%EI=DZ%Vj@M?%IG;?E%D;ND0%"G>>@%K;AA=o%/IG%=D% EIG%@AGoX%V!I;E%P@GD% =E% \GG>% ?=JIE%A@`ZX%K;AA=%J?@`D%\?MDE?;EGP%`=EI%'@>;%A@E%QG=AJ%L@AEGAE%`=EI%;AN%@\%I=D%;AD`G?D_%"G%?GH>=GDR%V.E%\GG>D%EI;E%D@<GQ@PN%=D%;DS=AJ%D@<G%CG?N%DEMH=P%BMGDE=@AD_X%"G%E?=GD%E@%S=DD%IG?R%QME%DIG%EM?AD%;`;N_% V,@o% j@M% P@AiE% E;SG%<G% DG?=@MD>NoX%K;AA=% QGL@<GD%`@??=GP_%V/;NR%'@>;_%!I;E%=D%`?@AJZ%z%Y@%N@M%D@<GI@`%`;AE%E@%z%JGE%;`;N%\?@<%<GZX%a')!$(,-58,$4#-b_m6%%

.E% =D% G;DN% E@% MAPG?DE;AP% K;AA=iD% L@ALG?A_% '@>;iD% L@AE=AM=AJ%BMGDE=@A=AJ% GgH?GDDGD% <MLI% <@?G% P@MQED% ;Q@ME% EIG=?% ?G>;E=@ADI=H%EI;A%=E%DHG;SD%@\%>@CG%@?%E?MDE%=A%I=<_%/IG%;LED%;D%=\%DIG%`;AED%H?@@\D%EI;E%IGR%PGDH=EG%`I;E%IG%D;NDR%P@GD%A@E%?G;>>N%>@CG%IG?R%;AP%A@`%E?=GD%E@% L;ELI% I=<% =A% I=D% P=\\=LM>E=GD% E@% J=CG% ;A% ;AD`G?_% "G?% ?GHG;EGP%BMGDE=@A=AJR%@\%L@M?DGR%;PPD% E@%I=D% =??=E;E=@A_% .A% EI;E%`;NR% =E%QGL@<GD%L>G;?%EI;E%IG?%BMGDE=@AR%;>EI@MJI%=E%<;N%I;CG%DE;?EGP%@ME%EI;E%`;NR%=D%A@E% =AA@LGAE_% .A% EI=D% >=JIER%`G%<;N%;>D@%;DS%`IN% =E% =D% EI;E%K;?N%;DSD%W@IA%`IGEIG?%IG% >@CGD%IG?_%Y@GD% DIG%I;CG%?G;D@A% E@% DMDHGLE% EI;E%I=D%\GG>=AJD%;?G% =AD=ALG?GR% \G;?=AJ%HG?I;HD% EI;E%IG%I;D%@A>N%QGGA% >G;P=AJ%IG?%@AZ%TM?EIG?<@?GR% W@IA%DHG;SD%;D% =\%IG% =D% E?N=AJ% E@% L@AC=ALG%Q@EI%I=<DG>\%;AP%IG?%EI;E%IG%>@CGD_%$I=D%=A%=EDG>\%<;N%>G;P%@AG%E@%P@MQE%EIG%D=ALG?=EN%@\%I=D%>@CG_%%

$I=D% =D%-#$% E@% D;N% EI;E%P@MQED%;>`;ND%?GCG;>%;% \;=>M?G% E@% >@CG_%*M?%P@MQED%;Q@ME%>@CG%<;N%QG%GgH?GDD=CG%@\%<;AN%EI=AJD_%*AG%L@M>P%GCGA%D;N%EI;E%EIG?G%=D%;%S=AP%@\%P@MQE%EI;E%=A%=EDG>\%=D%=AEG?A;>%E@%>@CGR%;D%`G%<;N% DHG;S% @\% P@MQE% ;D% ;A% =AEG?A;>% ;DHGLE% @\% \;=EI_% lG\>GLE=AJ% @A%`IGEIG?%@AG%=A%P=\\G?GAE%D=EM;E=@AD%I;D%;LEGP%@ME%@\%>@CGR%;AP%A@ER%D;NR%@ME% @\% @AGiD% @`A% DG>\4=AEG?GDER% ?@ME=AGR% ;AP% D@% @AR% L>G;?>N% QG>@AJD% E@%>@CG% =A% ;% `;N% EI=AS=AJR% V,@`% .iCG% P@AG% GA@MJIoX% P@GD% A@E_%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%m6%.A%EIG%@?=J=A;>%hG?<;A%=E%J@GD0%XYG=A%"G?e%D;JE0%~hMEGA%$;JR%K;AA=o%Y=G%P;%P=G%=DE%GDoiZX%V!;D%\�I>E%GD%^GEeEZX%VY;D%\�I>ER%P;DD%P;%^G<;AP%JG?;PG%e=G<>=LI%Q>]PG%T?;JGA%DEG>>EoX%VK;AAo%YM%A=<<DE%<=LI%�QG?I;MHE%A=LIE%G?ADEoV%V/;J%<;>R%'@>;_%!;D%=DE%PGAA%>@DZ%___%!=>>DE%YM%=?JGAP`=G%___%`GJ%C@A%<=?ZX%

? , . ( % ! ( ! A & & 6 + $ 3 ? !

!

= I !

,GCG?EIG>GDDR%=E%=D%;%?G<=APG?%EI;E%EIG?G%;?G%<;AN%D=EM;E=@AD%=A%`I=LI%EIG%BMGDE=@A%`IGEIG?%N@M%@?%D@<GQ@PN%G>DG%>@CGD%P@GD%A@E%;?=DG_%%

*A>N% `IGA% EIG?G% =D% P=D;J?GG<GAE% ;Q@ME% I@`% E@% E;SG% D@<G@AGiD%>@@S%@?%`IGA% .% \GG>% EI;E%N@M%;?G%I=P=AJ%N@M?% E?MG% \GG>=AJD%P@% .% DE;?E%>@@S=AJ% \@?% ?G;D@ADR% @?% L?=EG?=;R% \@?% E;S=AJ% LG?E;=A% GgH?GDD=@AD% =A% ;%H;?E=LM>;?%`;N_%!IGA%EIG?G%=D%;J?GG<GAE%EI;E%;%D<=>G%@?%;%L@<<GAE%=D%GgH?GDD=CG% @\% >@CGR% `G% AGGP% A@% ;PP=E=@A;>% GgH>;A;E=@A% \@?% DGG=AJ% =E%D@_mc%#D%!=EEJGADEG=A%a7112b%?G<=APD%MD%EI;E%XvEwIG%\G;?%=D%EIG?GR%;>=CGR%=A%EIG%\G;EM?GDX%aq%5c2bR%N@M?%>@CG%=D%;>=CG%=A%N@M?%GCG?N%JGDEM?GR%=A%EIG%E@AG%@\%N@M?%C@=LGR% =A%N@M?% E@MLI_%$@%J@%Q;LS% E@%`IG?G% .% DE;?EGPR%`G%<;N%D;N%EI;E%EIG%BMGDE=@A%%#7% .%SA@`%EI;E%N@M%>@CG%J;=AD%A@%I@>P_% .%*&&8%=E_%.%P@%A@E%=A\G?%\?@<%N@M?%QGI;C=@M?%EI;E%N@M%I;CG%EIGDG%\GG>=AJD%\@?%<G_%%

#DS=AJ%<G%`IN%N@M%>@CG%<GR%@?%I@`%.%L;A%SA@`%EI;E%N@M%P@R%<;N%GCGA%QG%;%`;N%@\%<;A=HM>;E=AJ%<G_%.E%=AE?@PMLGD%P@MQE%QN%>G;P=AJ%<G%E@% >@@S%\@?%;AD`G?D% =A%EIG%`?@AJ%H>;LGD_%l;EIG?%EI;A%?GDE=AJ%;DDM?GP%=A% EIG% LG?E;=AEN% @\% @M?% >@CGR% =E% =AC=EGD%<G% E@% >@@S% \@?% H?@@\D_% .E%<;N%GCGA% I;CG% ;A% ;>=GA;E=AJ% G\\GLE_% $IG% \;<=>=;?=EN% @\% N@M?% G<Q?;LGR% EIG%\;=EI% =A% N@M?% GNGD% ;AP% EIG% E?MDE% =A% N@M?% I;APD% =D% Q?@MJIE% MAPG?%=ADHGLE=@A_%"@`%L;A%.%QG%DM?G% EI;E% EIG?G% =D% >@CG%=A% EIG<Z%$IG%DG;?LI%\@?%;%JGAG?;>%;AD`G?R%\@?%GC=PGALG%EI;E%L;AA@E%QG%BMGDE=@AGPR%=JA@?GD%EI;E%N@M?%;AD`G?%=D%L@ADE=EMEGP%QN%=ED%HG?D@A;>%LI;?;LEG?_%KN%BMGDE=@AR%=A%D@%\;?%;D%=E%L@<GD%\?@<%<GR%;?=D=AJ%@ME%@\%<N%P@MQEDR%P@GD%A@E%;DS%\@?%\@@>4H?@@\%=A\@?<;E=@A_%.E%;DSD%\@?%?G;DDM?;ALG_%%

"@`R%EIGAR%;?G%`G%E@%E;SG%EIG%P@MQED%.%<;N%GAEG?E;=A%;Q@ME%>@CGR%=\%EIGN%P@%A@E%H?=<;?=>N%L@AD=DE% =A%L@??GLE>N% =PGAE=\N=AJ%D@<GEI=AJ%;D%;%DHGL=\=L% \GG>=AJZ%'GE%<G% E?N% E@%;AD`G?% EI=D%BMGDE=@A%QN%`?;HH=AJ%MH%D@<G%EIG<GD%@\%EIG%H?GC=@MD%P=DLMDD=@AR%;AP%;EEG<HE%E@%DHG>>%@ME%`IN%.%EI=AS%=E%L@ADE=EMEGD%;%<@?;>%BMGDE=@A_%%

T=?DE%@\%;>>R% .% EI=AS%=E% =D%L>G;?%EI;E% EIGDG%P@MQED%P@%-#$%MDM;>>N%E;SG%EI=D%\@?<0%

a7b .A% EIG%\=><%Q&5!N,?08&0L!Y&5$4-!.WU'Z84&!V#08,4-! a6FF7bR%`G%;?G%E@>P%EI;E%#<d>=GiD%\;EIG?%P=P%A@E%DI@`%I=D%P;MJIEG?%;AN%@EIG?%S=AP% @\% aHIND=L;>b% ;EEGAE=@A% EI;A% EIG% @AG% DIG% ?GLG=CGP% =A% IG?%<@AEI>N%<GP=L;>% Gg;<D% QN% I=<_% /=ALG% DIG%`;D% @A>N% L>@DG% E@%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%mc%:\_%!=EEJGADEG=A0%Vi!G%DGG%G<@E=@A_i%t%#D%@HH@DGP%E@%`I;EZ%t%!G%P@%A@E%DGG%\;L=;>%L@AE@?E=@AD%;AP%<;SG%=A\G?GALGD%\?@<%EIG<%a>=SG%;%P@LE@?%\?;<=AJ%;%P=;JA@D=Db%E@%^@NR%J?=G\R%Q@?GP@<_%!G%PGDL?=QG%;%\;LG%=<<GP=;EG>N%;D%D;PR%?;P=;AER%Q@?GPR%GCGA%`IGA%`G%;?G%MA;Q>G%E@%J=CG%;AN%@EIG?%PGDL?=HE=@A%@\%EIG%\G;EM?GD_%t%h?=G\R%@AG%`@M>P%>=SG%E@%D;NR%=D%HG?D@A=\=GP%=A%EIG%\;LGX%a!=EEJGADEG=A%7182R%q665b_%

& 2# % + # $ !

!

= C !

IG?%\;EIG?%@A%EIGDG%@LL;D=@ADR%IG?%IG;?E%E@@S%;A%GgE?;%QG;E_%"G?%\;EIG?R% EIG% P@LE@?R% L@AL>MPGP% EI;E% DIG% DM\\G?GP% \?@<% ;% IG;?E%L@AP=E=@A_%%

a6b .A% WG;AGEEG%!=AEG?D@AiD% A@CG>%[(,-+&5! ,(&! \#$! $%&! [-8)! N(04$%a6FF7;bR% EIG% H?@E;J@A=DEiD% <@EIG?% EG>>D% IG?% P;MJIEG?% ;% DE@?N%;Q@ME% I@`% ;D% ;% N@MAJ% J=?>% DIG%<=DE@@S% EIG% \=ee=AJR% QMee=AJ%\GG>=AJ%DIG%GgHG?=GALGP%;D%`G>>%;D%;%LG?E;=A%J=PP=AGDD%\@?%QG=AJ%=A%>@CG_%$I=D%>GP%IG?%E@%J=CG%IG?DG>\%E@%EIG%T?GALI<;A%DIG%I;P%<GE_%*A>N%>;EG?%P=P%DIG%\=AP%@ME%DIG%DM\\G?GP%\?@<%;A%M>LG?%a3m435b_%

)N%L@AE?;DE%E@%EIGDG%@PP>N%E?;J=L@<=L;>%Gg;<H>GD%!=EEJGADEG=A%%a7112b%?G<;?SDR% V.E%<;SGD% DGADG% E@% ;DS0% xY@% .% ?G;>>N% >@CG% IG?% @?% ;<% .% @A>N%H?GEGAP=AJ% E@%<NDG>\Zi%;AP%EIG%H?@LGDD%@\% =AE?@DHGLE=@A% =D% EIG%L;>>=AJ%MH%@\%<G<@?=GDn% @\% =<;J=AGP%H@DD=Q>G% D=EM;E=@ADn% ;AP%@\% EIG% \GG>=AJD%EI;E%@AG%`@M>P%I;CG% =\zX%aq532b_%#J;=A%`G%<;N%?G;P% EIG%?G<;?S% =A%?G>;E=@A%E@%EIG%P=\\G?GALGD%=A%J?;<<;?%QGE`GGA%EIG%L@ALGHED%@\%V>@CGX%;AP%EI;E%@\%VH;=AX_% .A%DGCG?;>%H>;LGD%!=EEJGADEG=A% a7112R%qmFmn%7185;R%88482b%H@=AED%@ME% EIG% DE?;AJG%LI;?;LEG?%@\% DGAEGALGD% DMLI%;D%V.%SA@`%.i<%=A%H;=AX_%.\% =E% =D%A@ER%\@?%=ADE;ALGR%;%<;AAG?%@\%G<HI;D=e=AJ%@AGiD%L>;=<R% =E% =D%MAL>G;?%`I;E% ?@>G% EIG%`@?P%VSA@`X%I;D% =A% EI=D% DGAEGALG_%+A>=SG%EIG%?@>G%=E%I;D%=A%V.%SA@`%DIG%=D%H;=AXR%EIG%`@?PD%V.%;<%=A%H;=AX%P@%A@E%;P<=E%@\%<=DE;SGD%;D%E@%`I@%=E%=D%EI;E%=D%=A%H;=A_%.%<;N%;DSR%V.D%=E%W@IA% @?%K;?N%`I@% =D% =A% H;=AZXR% ;AP% N@M%<;N% ;AD`G?R% V.E% =D% W@IA_X%aV"@`% P@% N@M% SA@`ZX% V.% D;`% I=<% L>MELI=AJ% I=D% \@?GIG;P_Xb% $I=D%L@AAGLED%`=EI%EIG%DGADG%=A%`I=LI%D;N=AJ%V.%;<%=A%H;=AX%=D%GgH?GDD=CG%@\%<N%H;=A_%!G%L;AA@ER%;D%=E%`G?GR%DGH;?;EG%<N%H;=A%\?@<%EIG%\;LE%EI;E%=E%H;=AD%<G_%%

!IGA%`G%DHG;S%@\%>@CGR%I@`GCG?R%EIG?G%=D%?@@<%\@?%DHG;S=AJ%;Q@ME%<=DE;SGD% =A% BM=EG% ;% P=\\G?GAE%`;N_%,@ER% ;D% .% D;=PR% =A% EIG% DGADG% EI;E% .%<;N%<;SG%;%<=DE;SG%;Q@ME%`IGEIG?%=E%=D%.%`I@%\GG>%D@<GEI=AJR%QME%=A%EIG% DGADG% EI;E% .%<;N% ?;=DG%BMGDE=@AD% ;Q@ME%7%,$% =E% =D% .% \GG>_%$IG%H;=A%EI;E%.%\GG>%@CG?%<N%LIGDE%`IGA%>@D=AJ%D@<G@AG%.%>@CGR%;D%=E%`G?GR%=D%;A%&LH(&554#-% @\% >@CGR%QME% EIG%H;=A% EI;E% =D% \G>E% ;E%I;C=AJ%;%IG;?E%;EE;LS% =D%A@E%;A%GgH?GDD=@A%@\%<N%H;=AR% =E% =D%<N%H;=A_% .%<;N%PGLG=CG%@EIG?D%QN%H?GEGAP=AJ% EI;E% .% ;<% =A%H;=AR% QME% =A% >@CG% .%<NDG>\%<;N%QG%PGLG=CGP_%$IG?G% =D%;%BMGDE=@A%;Q@ME%`I;E% .% E?M>N% \GG>%`I=LI% =D%A@E%?GPML=Q>G% E@%GDE;Q>=DI=AJ%EIG%Gg=DEGALG%@\%LG?E;=A%\;LED_%.E%?;EIG?%\@LMDGD%@A%`IGEIG?%.R%=A%D;N=AJ%EI;E%.%>@CGR%;<%QG=AJ%E?MG%$#!<N%`@?PD%;AP%4-%<N%`@?PD_%%

? , . ( % ! ( ! A & & 6 + $ 3 ? !

!

= = !

:@AD=PG?%;J;=A%h?MDIGAS;%`I@%H?=@?%E@%IG?%PGL>;?;E=@A%@\%>@CG%E@%K=EN;R%GgH?GDDGD%?GJ?GE%;E%?G;>=e=AJ%EI;E%`I;E%DIG%I;P%QGGA%I@>P=AJ%@A%E@%\@?%\=CG%NG;?D%=A%IG?%>@CG%\@?%EIG%@\\=LG?%`;D%@A>N%;%\;AE;DN_%

VK=EN;R%K=EN;R%.%>@CGP%I=<R%N@M%SA@`RX%DIG%QGJ;A%=A%;%`I=DHG?_%X"@`%.%I;CG%>@CGP%I=<%EIGDG%\=CG%NG;?DR%;>>%EI;E%E=<Go%Y=P%.%>@CG%I=<%@?%@A>N%<N%@`A%;AJG?Z%,@R%I=<R%I=<o%.EiD%;% >=G%EI;E% =E%`;D%<N%@`A%;AJG?%.%>@CGP%;AP%A@E%I=<_%aY@DE@GCDSN%71m1R%cc3b%

!I;E% H>;JMGD% IG?% =A% EI=D% BMGDE=@A% =D% A@E% EIG% MALG?E;=AEN% @\% A@E%SA@`=AJ%`IGEIG?%DIG%I;P%;%LG?E;=A%\GG>=AJ%@?%`IGEIG?%DIG%QGI;CGP%=A%`;ND% L@??GDH@AP=AJ% E@% >@CG_% $@% EIG% GgEGAE% EI;E% =AE?@DHGLE=@A% <;N%GAEG?%=AE@%EIG%;AD`G?%EI;E%DIG%J=CGD%=E%=D%A@E%E@%QG%E;SGA%;D%;A%;EEG<HE%E@%HGGS%=AD=PG%;AP%E?N%E@%J?;DH%`I;E%IG?%\GG>=AJ%`;D_%/MLI%;A%;EEG<HE%`@M>P%;><@DE%QN%AGLGDD=EN%QG%BM=EG%G<HEN_%"@`%=D%DIGR%\@?%@AG%EI=AJR%E@% P=DE=AJM=DI% @AG% \GG>=AJ% \?@<% ;A@EIG?Z% *\% L@M?DGR% DIG% <;N% D;N%D@<GEI=AJ% ;Q@ME% IG?% \GG>=AJD% =A% EG?<D% @\% I@`% =AEGADG% @?% ;J?GG;Q>G%EIGN%;?GR%DIG%<;N%E;>S%;Q@ME%;%DE;QQ=AJ%H;=A%@?%;%D@@EI=AJ%L;><_%$I=D%`;N%@\%DHG;S=AJ%;Q@ME%\GG>=AJD%<;N%;>D@%EG<HE%MD%E@%EI=AS%EI;E%EIGDG%;DHGLED%;?G%;>>%EIG?G%=D%E@%EIG<_%jGER%E;>S=AJ%;Q@ME%\GG>=AJD%=A%EI=D%`;N%>G;CGD%MD%BM=EG%DI@?E% =A%MAPG?DE;AP=AJ%`I;E%h?MDIGAS;iD%P@MQED%;?G%;Q@ME_%%

.A%EI=D%?GDHGLE%EIG%BM@EG%QN%!=EEJGADEG=A%@HGAD%\@?%BM=EG%;%P=\\G?GAE%MAPG?DE;AP=AJ% @\% `I;E% =D% =AC@>CGP% =A% =AE?@DHGLE=@A_% h?MDIGAS;iD%L@ALG?A%`=EI%EIG%BMGDE=@A%=AC@>CGD%;%?G\>GLE=@A%;Q@ME%IG?%<@E=CGD%;AP%=AEGAE=@ADR% IG?% H;DE% ;AP% \MEM?G% L@ALG?A=AJ% EIG% @\\=LG?_% /IG% ;DSD%`IGEIG?% IG?% \GG>=AJD% \@?% EIG% @\\=LG?% `G?G% E?MGR% =A% ;% <;AAG?% EI;E% =D%>;?JG>N%;%BMGDE=@A%@\%D=ALG?=EN_%!;D%DIG%D=ALG?G%`IGA%DIG%D`@?G%I=<%IG?%>@CGR%@?%`;D%DIG%^MDE%H?GEGAP=AJ%=E%`;D%>@CG%;>>%;>@AJZ%!;D%=E%IG?%>@CG%EI;E%`;D%DHG;S=AJ%`IGA%DIG%E@>P%K=EN;%DIG%`;D%=A%>@CG%`=EI%EIG%@\\=LG?%@?%`;D%=E%^MDE%DH=EGR%;A@EIG?%<@CG%=A%EIG%J;<G%DIG%H>;NGP%`=EI%I=<Z%$IG%M?JGALN%@\%EIG%BMGDE=@AR%EIG%DGADG%=A%`I=LI%GCG?NEI=AJ%L;A%QG% D;=P% E@% I;AJ% @A% EIG% ;AD`G?% EI;E% DIG% J=CGDR% L;AA@E% QG% DGH;?;EGP%\?@<%EIG%=<H>=L;E=@AD%=E%I;D%\@?%EIG%BMGDE=@A%;Q@ME%7%#!DIG%=D_%.D%DIG%@?%P@GD%DIG%`;AE%E@%QG%J@@P%@?%GC=>Z%%

:@<H;?G%EI=D%L;DG%E@%';?D%"G?EeQG?JiD%Gg;<H>G%@\%;%`=P@`%`I@R%%>@@S=AJ%Q;LS%@A%IG?%<;??=GP%>=\GR%v=Dw%;DS=AJ%IG?DG>\%`IGEIG?%IG?%IMDQ;AP% ?G;>>N% >@CGP% IG?_% *A% @AG% D=PG% DIG% EI=ASD% ;Q@ME% I=D%L@ALG?AR% I=D% EGAPG?AGDD% ;AP% H;E=GALG% `=EI% IG?R% I=D% ^@N% =A% IG?%L@<H;ANn% @A% EIG% @EIG?% D=PG% DIG% EI=ASD% @\% EIG=?% BM;??G>DR% I=D%D;?L;D<R% EIG% E=<GD%`IGA% IG%`;D% Q@?GP%`=EI% IG?% @?% DGG<GP% E@%\@?JGE%DIG%Gg=DEGP_%a"G?EeQG?J%711mR%7c2b%%

& 2# % + # $ !

!

= H !

"G%H@=AED%@ME%EI;E%=E%QG>@AJD%E@%EIG%J?;<<;?%@\%EIG%S=AP%@\%LG?E;=AEN%EI;E%`G%<;N%?G;LI% =A% EIGDG%<;EEG?D% EI;E% EIG%`=P@`iD%BMGDE=@A%L@M>P%A@E%QG%DGEE>GP%QN%>G;?A=AJ%<@?G%;Q@ME%IG?%IMDQ;APiD%QGI;C=@M?_%V.E%=D%A@E%EI;E%DIG%=D% >@@S=AJ%\@?%<@?G%GC=PGALGn%?;EIG?R%DIG%P@GD%A@E%SA@`%`I;E%E@%<;SG%@\%`I;E%DIG%I;D_X%a"G?EeQG?J%711mR%7c2b%$IG%`=P@`%;AP%h?MDIGAS;%Q@EI%DE?=CG%E@%D@?E%@ME%`I;E%DGADGR%@?%`I;E%<G;A=AJR%EIGN%;?G%E@%<;SG%@\%EIG=?%>=CGD_%!I;E%C4-.!@\%>=\G%`;D%=E%EI;E%EIGN%>=CGPZ%!;D%=E%;%>=\G%@\%>@CG%@?%;%>=\G%\M>>%@\%Q=EEG?AGDDR%;AJG?%;AP%?GDGAE<GAEZ%%

#D% .% I;CG% ;>?G;PN% D;=PR% EI=D% BMGDE=@A% L;AA@E% QG% PGEG?<=AGP%=APGHGAPGAE>N% @\% `I;E% EIG=?% @`A% ?G>;E=@A% =D% E@% =E_% .E% L;AA@E% QG%;AD`G?GP%`=EI@ME%L@AD=PG?=AJ%EIG<%;AP%EIG%H>;LG%EIGN%;?G%`=>>=AJ%@?%;Q>G%E@%J=CG%E@%>@CG%=A%EIG=?%>=\G_%:@<=AJ%E@%DGG%EIG=?%>=\G%;D%=AC@>C=AJ%>@CGR%`G%L@M>P%D;NR%=D%=EDG>\%GgH?GDD=CG%@\%>@CG_%$I=D%;DHGLE%=D%@QC=@MD%=A% h?MDIGAS;iD% BMGDE=@A_% $IG% ;AD`G?% E@% EIG% BMGDE=@A% `IGEIG?% DIG%>@CGP% EIG% @\\=LG?% =D% PGHGAPGAE% @A%IG?% A@`%QG=AJ% ;Q>GR% =\% A@E% E@% >@CG%I=<R% E@% >@@S% Q;LS% @A%IG?% >=\G%`=EI% >@CG_%,G=EIG?% =D% =E% P=\\=LM>E% E@% DGG%I@`% EIG%`=P@`iD%P@MQED%<;N%;>D@%QG%GgH?GDD=CG%@\% ;% L@ALG?A%;Q@ME%`IGEIG?% DIG% >@CGP_% .D% DIG% ;Q>G% E@% \=AP% >@CG% =A% IG?% IG;?E% E@% DGG% =E%?G\>GLEGP%=A%EIG=?%>=\GZ%Y@GD%DIG%I;CG%\;=EI%E@%QG>=GCG%=A%IG?%IMDQ;APiD%>@CG%PGDH=EG% EIG=?%L@ADE;AE%DE?MJJ>GD%@?%P@GD%DIG% \=AP% EIG%DE?GAJEI% E@%?GL@AL=>G%`=EI% EIG% EI@MJIE% EI;E% EIGN% \;=>GP% E@% >@CG%`=EI@ME% PGAN=AJ%EI;E%>@CG%=D%DE=>>%;%H@DD=Q=>=EN%=A%IG?%>=\GZ%%

$IG%S=AP%@\%>@CG%EI;E%=D%AGGPGP%E@%DGG%>@CG%;D%DMLI%;%H@DD=Q=>=EN%=D%;>D@%GgH?GDDGP%QN%K=EN;iD%Q?@EIG?%#>N@DI;%\@?%`I@<%h?MDIGAS;R%=A%;%H?GC=@MD%L@ACG?D;E=@AR%?;=DGP%EIG%D;<G%L@ALG?A%`IGEIG?%DIG%>@CGP%EIG%@\\=LG?%;AP%DI@M>P%\@?J=CG%I=<%aY@DE@GCDSN%71m1R%62mb_%lGDH@AP=AJ%E@%IG?% P@MQED% ;AP% DG>\4?GL?=<=A;E=@AR% IG% D;NDR% V)ME% N@M% I;CG% \@?J=CGA%I=<%;>?G;PNX%aY@DE@GCDSN%71m1R%62mb_%%

#J;=AR%#>N@DI;% =D%A@E% EG>>=AJ%IG?% EI;E% EIG% \GG>=AJD% DIG% =D% ;AP%`;D%GgHG?=GAL=AJ%;?G%>@CG_%"G%=D%A@E%=A%;%QGEEG?%H@D=E=@A%E@%=PGAE=\N%EIG<%=A%EI;E% \;DI=@A% EI;A% DIG% =D_% l;EIG?% I=D% ?GDH@ADG% ;>>@`D% IG?% E@% C=G`%IG?DG>\R% ;AP% `I;E% DIG% I;P% QGGA% GgHG?=GAL=AJ% `=EI% EIG% @\\=LG?R% IG?%\GG>=AJD% ;D%`G>>% ;D% IG?% ;LE=@AD% ;AP%<@E=CGDR% =A% EIG% >=JIE% @\% >@CG% ;AP%\@?J=CGAGDD_%.E%QG>@AJD%E@%EIG%JGAE>GAGDD%;AP%\@?J=C=AJ%LI;?;LEG?%@\%EI=D%Q?@EIG?% EI;E%IG%L@<GD% E@%DGG%IG?% =A% EI=D%`;N_%TM?EIG?<@?GR%I=D%QG=AJ%;Q>G%E@%DGG%%&(%=A%EI=D%`;N%H>;ND%;%L?ML=;>%H;?E%=A%I@`%DIG%L@<GD%E@%DGG%IG?DG>\R%QN%;>>@`=AJ%IG?%E@%?GL@AL=>G%`=EI%IG?DG>\R%E@%?GJ;?P%IG?%>=\G%=A%EIG%>=JIE%@\%>@CG_%"G%J=CGD%IG?%EIG%LI;ALG%E@%\@?J=CG%IG?DG>\%;D%`G>>%;D%EIG%@\\=LG?_%$I=D%=A%=EDG>\%=D%;A%;LE%@\%>@CG_%%

!

!

!

D!

-#!:#7!)&6+&0&!+$!6#0&E!

%Y@LE@?%'NPJ;EG% =D% ;AJ?N_%#\EG?% ;%H?@DHG?@MD% DE;?E% ;D% ;%P@LE@?% =A% EIG%E@`A%@\%K=PP>G<;?LIR% EIG%N@MAJ%P@LE@?%@\%hG@?JG%&>=@EiD%A@CG>%I;D%?MA% =AE@%GL@A@<=L%H?@Q>G<D_%#D%;%D@>ME=@A% E@% EIGDG%H?@Q>G<D%IG%I;D%H?@H@DGP% P=\\G?GAE% D;ALE=@AD% E@% I=D% `=\G% l@D;<@APR% QME% DIG% =D% >GDD%EI;A% `=>>=AJ% E@% ;J?GG% `=EI% EIG<_% !=EI@ME% I=D% SA@`>GPJGR% DIG% I;D%;CG?EGP%I=D%H>;AD%E@%DG>>%EIG=?%I@MDG%;AP%I;D%;>D@%`?=EEGA%;%>GEEG?%E@%I=D%MAL>G%;DS=AJ%\@?%<@AGN_%!G%\=AP%EIG<%`IGA%'NPJ;EG%I;D%^MDE%?G;P%I=D%MAL>GiD%DE=AJ=AJ%?GH>N_%

!I=>G% 'NPJ;EGiD% GNGD% J>;ALGP% ?;H=P>N%@CG?% EIG% Q?=G\% >GEEG?R% DIG%D;`%I=D%\;LGR%MDM;>>N%@\%;%H;>G%Q?@`AR%E;S=AJ%@A%;%P?N%`I=EGAGDDn%`=EI%A@DE?=>D%;AP%>=HD%BM=CG?=AJ%IG%E@DDGP%P@`A%EIG%>GEEG?%QG\@?G%IG?R%;AP%D;=P%C=@>GAE>N%4%

V.E%`=>>%QG% =<H@DD=Q>G% E@%GAPM?G% >=\G%`=EI%N@MR% =\%N@M%`=>>%QG%;>`;ND% ;LE=AJ% DGL?GE>N%t%;LE=AJ% =A%@HH@D=E=@A% E@%<G%;AP%I=P=AJ%N@M?%;LE=@AD_X%

"G% LIGLSGP% I=D% DHGGLI% ;AP% EM?AGP% I=D% Q;LS% @A% IG?% t% EIGA%`IGG>GP% ?@MAP%;AP%`;>SGP% ;Q@MER% D;E%P@`A%;AP%J@E%MH% ;J;=A%?GDE>GDD>NR% J?;DH=AJ%I;?P%@Q^GLED%PGGH%P@`A% =A%I=D% H@LSGED_%"G%`;D%;\?;=P%@\%D;N=AJ%D@<GEI=AJ%=??G<GP=;Q>N%L?MG>_%v___w%

!IGA%l@D;<@AP%I;P%\=A=DIGP%?G;P=AJ%EIG%>GEEG?%DIG%D;E%BM=EG%DE=>>R%`=EI%IG?%I;APD%\@>PGP%QG\@?G%IG?R%?GDE?;=A=AJ%;AN%DI@`%@\%IG?% SGGA% P=D;HH@=AE<GAER% ;AP% =AE?GALI=AJ% IG?DG>\% =A% BM=GE%H;DD=C=EN%MAPG?%IG?%IMDQ;APiD%`?;EI_%v___w%

'NPJ;EG%H;MD=AJ% ;AP% >@@S=AJ%;E%IG?%;J;=A%QGJ;A% E@% \GG>% EI;E%I;>\4<;PPGA=AJ% DGADG% @\% IG>H>GDDAGDD% `I=LI% L@<GD% @CG?%H;DD=@A;EG% HG@H>G% `IGA% EIG=?% H;DD=@A% =D% <GE% QN% ;A% =AA@LGAE4>@@S=AJ%D=>GALG%`I@DG%<GGS%C=LE=<=DGP%;=?%DGG<D%E@%HME%EIG<%=A%EIG%`?@AJR%;AP%;E%>;DE%=A\GLED%GCGA%EIG%^MDEGDE%=AP=JA;E=@A%`=EI%;%P@MQE%@\% =ED% ^MDE=LG_%"G%AGGPGP%E@%?GL@CG?%EIG%\M>>%DGADG%EI;E%IG%`;D%=A%EIG%?=JIE%QN%<@PG?;E=AJ%I=D%`@?PD_%v___w%

V!=>>% N@M%@A>N% D;N% EI;E% N@M%I;CG% QGGA%<=DE;SGAR% ;AP% EI;E% .%<;N%PGHGAP%@A%N@M?%A@E%;LE=AJ%DGL?GE>N%=A%\MEM?GZi%D;=P%'NPJ;EGR%M?JGAE>NR% QME% `=EI% D@<GEI=AJ% @\% ?GBMGDE% =A% I=D% E@AG% `I=LI%l@D;<@AP%`;D%BM=LS%E@%HG?LG=CG_%/IG%DH@SG%`=EI%L@@>AGDD_%

& 2# % + # $ !

!

H G !

V.%L;AA@E%H@DD=Q>N%<;SG%;P<=DD=@AD%@?%H?@<=DGD%=A%;AD`G?%E@%DMLI% `@?PD% ;D% N@M% I;CG% MDGP% E@`;?PD% <G_% .% I;CG% A@E% QGGA%;LLMDE@<GP% E@% >;AJM;JG% @\% EI;E% S=AP_% j@M% I;CG% DH@SGA% @\%<N%xDGL?GE%<GPP>=AJRi%;AP%<N%x=AEG?\G?=AJ%=JA@?;ALGRi%;AP%<N%x\;>DG%;DDGAE_i%.%I;CG%AGCG?%GgH?GDDGP%<NDG>\%=A%EI;E%`;N%E@%N@MR%;AP%.%EI=AS% EI;E% N@M% @MJIE% E@% ;H@>@J=DG_% j@M% DH@SG% @\% =ED% QG=AJ%=<H@DD=Q>G%E@%>=CG%`=EI%<G_%:G?E;=A>N%N@M%I;CG%A@E%<;PG%<N%>=\G%H>G;D;AE%E@%<G%@\%>;EG_%.%EI=AS%=E%`;D%E@%QG%GgHGLEGP%EI;E%.%DI@M>P%E?N% E@% ;CG?E% D@<G% @\% EIG% I;?PDI=HD% `I=LI% @M?% <;??=;JG% I;D%Q?@MJIE% @A% <G_X% #A@EIG?% EG;?% \G>>% ;D% l@D;<@AP% LG;DGP%DHG;S=AJR%;AP%DIG%H?GDDGP%=E%;`;N%;D%BM=GE>N%;D%EIG%\=?DE_%'NPJ;EG%\>MAJ%I=<DG>\% =AE@%;%LI;=?R% \GG>=AJ%LIGLS<;EGP_%!I;E%

H>;LG% `;D% EIG?G% =A% IG?% <=AP% \@?% ;% ?G<@ADE?;ALG% E@% >@PJG% =AZ%a&>=@E%711mR%8cc48c5b%%

.A%;>>%=ED%?=LIAGDD%EIG%Gg;<H>G%H?GDGAED%MD%`=EI%;A%;??;N%@\%GgH?GDD=@AD%EI;E%@M?% ;AJG?%<;N% E;SG_%!G% DGG%'NPJ;EG% EM?A=AJ%`I=EGR%I=D%A@DE?=>D%;AP% >=HD% BM=CG?=AJR% I=<% E@DD=AJ% EIG% >GEEG?R% `;>S=AJ% ?GDE>GDD>N% ;Q@ME_%#AP%`G%DGG%l@D;<@APiD%VH;DD=CG%;JJ?GDD=@AXn%DHG;S=AJ%`=EI%L@@>AGDD%`IGA%DIG%\=APD%;%`G;SAGDD%E@%;EE;LSR%EIG%EG;?D%DIG%H?GDDGD%;`;NR%IG?%=AA@LGAE4>@@S=AJ% D=>GALG% ;AP% V`G;S% C=LE=<=eGP% ;=?X% EI;E% ;`;SGAD%\GG>=AJD%@\%IG>H>GDDAGDD%=A%IG?%IMDQ;AP_%:@AD=PG?=AJ%EIGDG%=ADE;ALGD%@\%;AJG?% `@M>P% QG% ;% J@@P% H>;LG% E@% DE;?E% =\% @AG% `;D% =AEG?GDEGP% =A%GgH>=L;E=AJ%EIG%S=AP%@\%\GG>=AJD%;AP%QGI;C=@M?%EI;E%;?G%LI;?;LEG?=DE=L%@\%=E_% $IGN% ?G<=AP% MD% @\% EIG% G<Q@P=GP% GgHG?=GALGD% @\% G<@E=@A% EI;E% .%P=DLMDDGP%=A%EIG%H?GC=@MD%LI;HEG?_%.A%EI=D%LI;HEG?R%I@`GCG?R%.%`=>>%A@E%=ABM=?G% \M?EIG?% =AE@% I@`% G<@E=@AD% ;?G% ?G>;EGP% E@% \GG>=AJD% ;AP%QGI;C=@M?_%$IG%HG?DHGLE=CG%@A%G<@E=@AD%.%`;AE%E@%=ACGDE=J;EG%=D%?;EIG?%@AG%EI;E%I;D%QGL@<G%;%P@<=A;AE%EIG<G%=A%EIG%HI=>@D@HIN%@\%G<@E=@A%=A% EIG% >;DE% PGL;PGDn% EIG% P=\\G?GAE% S=APD% @\% L@JA=E=CG% EIG@?=GD% ;Q@ME%G<@E=@AD_%

$IG% =<H;LE%@\% L@JA=E=CG% EIG@?=GD%@A% EIG%HI=>@D@HIN%@\%G<@E=@A% =A%EIG% ;A;>NE=L;>% E?;P=E=@A% I;D% QGGA% @CG?`IG><=AJ_% $IGN% L@<G% =A% ;%C;?=GEN%@\%CG?D=@ADR%;AP%P=\\G?GAE%;EEG<HED%;E%\@?<M>;E=@AD%I;CG%QGGA%<;PG% ;D% E@% `IGEIG?% G<@E=@AD% ;?G% QGDE% E@% QG% PGDL?=QGP% ;D% QG>=G\D%a$;N>@?% 7125R% 7121R% ,GM% 6FFFbR% ^MPJG<GAED% a/@>@<@A% 713FR% 711cR%,MDDQ;M<% 711FR% 711mbR% L@ALG?A4Q;DGP% L@ADE?M;>D% al@QG?EDR% 6FFcbR%;HH?;=D;>DR% MHIG;C;>D% @\% EI@MJIED% a,MDDQ;M<% 6FFFbR% GC;>M;E=@AD%a'N@AD%713F;b_%/@<G%@\%EIGDG%;LL@MAED%;?G%<@?G%L@JA=E=C=DER%a/@>@<@AR%,MDDQ;M<R% $;N>@?R% ,GMb% L>;=<=AJ% EI;E% G<@E=@AD% ;?G% GDDGAE=;>>N%^MPJG<GAED%@?%QG>=G\D%aH?@H@D=E=@A;>%;EE=EMPGDbR%;>QG=E%?;DIG?%@?%I;DE=G?R%<@?G% CGIG<GAE% @?% @QDGDD=CG% EI;A% @EIG?% QG>=G\D% ;AP% ^MPJG<GAED_%*EIG?D% al@QG?ED% 6FFcR% PG% /@MD;% 713Fb% >;N% <@?G% `G=JIE% @A% EIG%

-# ! : # 7 ! ) & 6 + & 0 & ! + $ ! 6 # 0 & !

!

H ; !

HG?LGHEM;>% D=PG%@\%G<@E=@A_%$IGN% ?GJ;?P% G<@E=@AD% ;D% ;! 5&&4-+9,5% ;AP%G<HI;D=eG%EI;E%G<@E=@AD%;?G%<@?G%L@<H>Gg%DE;EGD%=A%`I=LI%L@JA=E=@A%H>;ND%;%H;?E_%%

!I;E% MA=EGD% EIG% P=\\G?GAE% ;LL@MAEDR% I@`GCG?R% =D% EIG% DE?GDD% @A% EIG%L@JA=E=CG% L@AEGAE% @\% G<@E=@AD_% .\% G<@E=@AD% ;?G%A@E% DGGA% ;D% EI@MJIEDR%EIGN%;?G% DGGA%;D% D@<GEI=AJ%CG?N% D=<=>;?% E@% EI@MJIED_%:;ELI=AJ%@A% E@%EIG% =PG;% EI;E% `G% @A>N% MAPG?DE;AP% H;?E=LM>;?% \GG>=AJD% =A% EIG=?%DM??@MAP=AJ% L@AEGgER% EIGN% ?G>N% IG;C=>N% @A% EIG% P=DE=ALE=@A% QGE`GGA%*&&84-+5% ;AP% &'#$4#-5R% `IG?G% \GG>=AJD% ;?G% D;=P% A@E% E@% GgI;MDE% EIG%HIGA@<GA@A%@\%G<@E=@A_%!I;E%P=DE=AJM=DIGD%P=\\G?GAE%G<@E=@AD%\?@<%G;LI% @EIG?R% EIGN% D;NR% =D% A@E% EIG% LI;?;LEG?% @?% =AEGAD=EN% @\% EIG% \GG>=AJD%EI;E%;?G%=AC@>CGP%=A%EIG<R%EIG=?!*&&8R%QME%EIG=?%L@JA=E=CG%L@AEGAE_%!I;E%<;SGD%EIG%\GG>=AJD%'NPJ;EG%GgHG?=GALGD%;%L;DG%@\%;AJG?R%;AP%A@E%<G?G%\?MDE?;E=@AR% =DR% \?@<% EI=D% H@=AE% @\% C=G`R% I=D% EI=AS=AJ% @\% l@D;<@APiD%;LE=@AD%;D%MA^MDE_%$I=D%;>D@%GgH>;=AD%`IN%`G%;?G%GAE=E>GP%E@%C=G`%Q@EI%'NPJ;EGiD%;AP%l@D;<@APiD%BM=EG%P=\\G?GAE%?G;LE=@AD%;D%L;DGD%@\%;AJG?R%D=ALG%`G%L;A%;EE?=QMEG%E@%Q@EI%@\%EIG<%EIG%EI@MJIE%EI;E%EIG%@EIG?%I;D%;LEGP%MA^MDE>N_%%

.A% EIG%H?GDGAE% LI;HEG?% .%`=>>%P=DLMDD%`I;E%`G%;?G% E@%<;SG%@\% EI=D%L@AAGLE=@A% QGE`GGA% G<@E=@A% ;AP% EI@MJIEDR% @?% @\% EIG% A@E=@A% EI;E%G<@E=@AD%;?G%EI@MJIED_%#>>MP=AJ%E@%EIG%=AEGAE=@A;>%HMA%@\%EIG%IG;P=AJR%.%`=>>% ;DS% =A%`I;E%`;ND% EI@MJIEDR% QG>=G\D% ;AP% ^MPJG<GAED% GAEG?% =AE@%@M?%G<@E=@A;>%>=CGD_%"@`%P@%G<@E=@AD%?G>;EG%E@%@M?%MAPG?DE;AP=AJ%@\%;%D=EM;E=@AR%;D%`G>>%;D%E@%@M?%MAPG?DE;AP=AJ%@\%@EIG?D%;AP%@M?DG>CGDZ%)N%L@AE?;LE%E@%EIG%H?GC=@MD%LI;HEG?R%.%`=>>%A@E%P=DLMDD%P=?GLE>N%=A%`I;E%`;ND%;%LG?E;=A%S=AP%@\%MAPG?DE;AP=AJ%=D%=AC@>CGP%=A%>@CG_%l;EIG?%.%`=>>%QGJ=A%QN%=ACGDE=J;E=AJ%EIG%E`@%<;=A%\G;EM?GD%@\%G<@E=@A%EI;E%L@JA=E=CG%EIG@?=GD%G<HI;D=eG_%$IG%\=?DE%@AG%=D%EIG%4-$&-$4#-,84$)%@\%G<@E=@ADR%EI;E%=DR%EIG%`;ND%=A%`I=LI%G<@E=@AD%;?G%,?#0$%D@<GEI=AJ%@?%E;SG%#?J&@$5_%$IG%@EIG?%=D%EIG%(,$4#-,84$)!@\%G<@E=@AD%;AP%EIG%LGAE?;>%?@>G%@AG%I;D%J=CGA%E@!J05$4*4@,$4#-%=A%P=DLMDD=AJ%EI=D_%%

.A%EIG%\=?DE%H;?ER%.%DMJJGDE%EI;E%`G%?GJ;?P%EIG%?G>;E=@A%QGE`GGA%@M?%&LH(&554#-5!#*!&'#$4#-5!;AP%.&5@(4H$4#-5!#*!$%&!54$0,$4#-%;D%;A%=AEG?A;>%@AG_%)M=>P=AJ%@A%EI=D%=PG;R%.%EIGA%=A%EIG%\@>>@`=AJ%E`@%H;?ED%;?JMG%EI;E%EIG%D=JA=\=L;AE%BMGDE=@A%=D%A@E%@A>N%`IGEIG?%;A%G<@E=@A%=D%^MDE=\=GP%@?%A@ER%QME%`IGEIG?% =E% =D%<G;A=AJ\M>% E@% ;EE?=QMEG% ;A%G<@E=@A% E@% ;A@EIG?% ;AP%`I;E% =<H>=L;E=@AD% EI=D% I;D% \@?% EIG% P=\\G?GAE%`;ND% =A%`I=LI%`G%<;N%>G;?A%\?@<%;A@EIG?iD%G<@E=@AD_%.A%EI=DR%.%E@MLI%MH@A%EIG%DMQ^GLE%@\%>@CG%=A%;%<@?G%=AP=?GLE%`;N%QN%;DS=AJ%`I;E%;%>@C=AJ%`;N%@\%MAPG?DE;AP=AJ%EIG% P=\\G?GALGD% @\% <=AP% EI;E% <;N% Gg=DE% QGE`GGA% HG@H>G% =A% L;DGD% @\%G<@E=@A%<;N%QG_% .%;?JMG%EI;E%EIG%P=\\=LM>E=GD%l@D;<@AP%;AP%'NPJ;EG%

& 2# % + # $ !

!

H D !

I;CG% =A% MAPG?DE;AP=AJ% G;LI% @EIG?% ;?G% A@E% <G?G>N% \@MAPGP% =A% ;%P=\\G?GALG%=A%QG>=G\R%@?%^MPJG<GAER%QME%EI;E%EIGN%?MA%PGGHG?%EI;A%EI;E_%T=A;>>N% .% ;DS%`I;E% =<H>=L;E=@AD% DMLI% ;% ?GL@JA=E=@A%<;N%I;CG% \@?% EIG%D=JA=\=L;ALG% EI;E% ^MDE=\N=AJ% G<@E=@AD% I;D% QGGA% J=C=AJ% =A% <;AN%L@JA=E=CG%;LL@MAED_%

+ ! !%.&!+$%&$%+#$(6+%:!#A!&2#%+#$!

$IG%<;=A%DE;?E=AJ%H@=AE%@\%L@JA=E=CG%EIG@?=GD%@\%G<@E=@A%=D%EIG%\;LE%EI;E%G<@E=@AD%E;SG%@Q^GLED_%$I=D%=D%A@E%NGE%E@%D;N%;ANEI=AJ%;Q@ME%EIG%L;MDGD%@\%EIG%G<@E=@AD_%$IG%@Q^GLE%=D%A@E%AGLGDD;?=>N%EIG%L;MDG%@\%<N%G<@E=@A%QME%EI;E%5#'&#-&%@?%5#'&$%4-+%EI;E%EIG%G<@E=@A%=D%P=?GLEGP%;ER%@?%,?#0$_mm%$;SG% QME% @AG% Gg;<H>G0% /@<G% H?@Q>G<D% ;E% `@?S% I;CG% <;PG% <G%=??=E;EGPR%.%L@<G%I@<G%;AP%A@E=LG%EI;E%N@M%I;CG%A@E%P@AG%EIG%P=DIGD%@?%;AN%L>G;A=AJ%;>EI@MJI%EIG%I@MDG%=D% =A%PGDHG?;EG%AGGP%@\% =E_% .%QGL@<G%;AJ?N%`=EI%N@M_%"G?G%<N%H?GC=@MD%=??=E;E=@A%<;N%QG%D;=P%E@%\MALE=@A%;D%;%@,05&%@\%<N%;AJG?R%`IG?G;D%N@M?%A@E%P@=AJ%EIG%P=DIGD%=D%?;EIG?%EIG%#?J&@$%@\% =E_% .E% =D%`I;E%<N%;AJG?% =D%;Q@ME_%#%DHGL=;>% =ADE;ALG%@\% EI=D% =D%`IGA%<N% ;AJG?% ;E%)#0% >G;PD%<G% E@% >@@S% \@?% 5#'&$%4-+! )#0! %,3&! .#-&<%+DM;>>N%A@%P=DE=ALE=@A%=D%<;PG%QGE`GGA%EIG%L;DG%=A%`I=LI%V.%;<%;AJ?N%;E%)#0XR% EI;E% =DR% ;E% 5#'&#-&R% ;AP%V.%;<%;AJ?N% $%,$!)#0!%,3&-W$!.#-&! $%&!.45%&5XR%EI;E%=DR%;E%5#'&$%4-+R%QME%;D%`=>>%DGGR%=E%=D%=<H@?E;AE%E@%A@EG%EI;E%EIG%\@?<G?%L;AA@E%;>`;ND%QG%?GPMLGP%E@%EIG%>;EEG?_%

$IG% =AD=JIE% EI;E% G<@E=@AD% E;SG% @Q^GLED% L;A% ;>D@% QG% GgH?GDDGP% QN%D;N=AJ% EI;E%G<@E=@AD%I;CG% 4-$&-$4#-,84$)_% /;N=AJ% EI=DR%I@`GCG?R% =D%A@E%EIG% D;<G% ;D% D;N=AJ% EI;E% G<@E=@AD% ;?G% =AEGAE=@A;>_m5% .E% =D% ?;EIG?% ;%?G<=APG?% EI;E% G<@E=@AD% ;?G% `I;E% EIGN% ;?G% ;J;=ADE% EIG% >;?JG?%Q;LSJ?@MAP%@\%@M?%>=\G_%.E%=D%=A%EI=D%>=\G%EI;E%`G%<;SG%DGADG%@\%`I;E%=E%=D%`G%;?G%\GG>=AJR%;AP%;J;=ADE%EI=D%Q;LSJ?@MAP%EI;E%`G%DGH;?;EG%P=DE=ALE%G<@E=@AD%\?@<%G;LI%@EIG?_%

'GE%<G%\=?DE%J=CG%;%Q?=G\%H?GDGAE;E=@A%@\%EIG%H@D=E=@A%@\%EIG%L@JA=E=CG%EIG@?=DE%;D% =E% =D%PGDL?=QGP%QN%@AG%@\% =ED%H?@H@AGAED_%$IG%;?E=L>G% .%`=>>%<;SG%MDG%@\%=D%h;Q?=G>G%$;N>@?iD%'@CGX%a7121bR%;AP%.%LI@@DG%=ER%?;EIG?%EI;A%@EIG?DR%D=ALG%=E%DHGL=\=L;>>N%;PP?GDDGD%EIG%BMGDE=@A%@\%`I;E%=<H;LE%DMLI%;A%MAPG?DE;AP=AJ%@\%G<@E=@AD%<;N%I;CG%@A%@M?%MAPG?DE;AP=AJ%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%mm% $IG?G% ;?GR% I@`GCG?R% ;>D@% P=DLMDD=@AD% ;Q@ME% I@`%`G% ;?G% E@% MAPG?DE;AP% @Q^GLE>GDD%G<@E=@AD% DMLI% ;D% @Q^GLE>GDD% \G;?% @?% PGH?GDD=@AR% @?% ;% \G;?% @?% PGH?GDD=@A%`I@DG% @A>N%@Q^GLE%=D%VA@EI=AJX%@?%VGCG?NEI=AJX_%%m5%.%?GEM?A%E@%EI=D%BMGDE=@A%=A%LI;HEG?%c_% %

-# ! : # 7 ! ) & 6 + & 0 & ! + $ ! 6 # 0 & !

!

H < !

@\% >@CG_m8% $IG% BMGDE=@A% =A% `I=LI% $;N>@?% =D% H?=<;?=>N% =AEG?GDEGP% =D%`IGEIG?%`G%L;A%E;>S%;Q@ME%>@CG%;D%QG=AJ%^MDE=\=GP%@?%A@ER%;D%`G%;?G%;Q>G%E@%P@%`IGA%`G%E;>S%;Q@ME%@EIG?%G<@E=@AD%DMLI%;D%\G;?%;AP%;AJG?_%%

$;N>@?%DGGD% =E%;D%LI;?;LEG?=DE=L%@\% EIG%G<@E=@AD%EI;E%I;CG%;A%@Q^GLE%EI;E%EIGN%=AC@>CG%LG?E;=A%QG>=G\D%;Q@ME%EIG%@Q^GLE_%.\%D@<G@AG%=D%;\?;=P%@\%;%QG;?R% \@?%Gg;<H>GR%IG%QG>=GCGD%EI;E% EIG%QG;?% =D%P;AJG?@MDR% EI;E% =E%I;D% EI=D% VPGEG?<=A;Q>G%BM;>=ENX% a$;N>@?% 7121R% 788bR% ;D%$;N>@?% L;>>D% =E_%"G% L;A% DMQDE;AE=;EG% EI=D% QG>=G\% QN% ?G\G??=AJ% E@% @EIG?% QG>=G\D_% "G% L;A%H@=AE%E@%D@<G%VPGEG?<=A;EG%BM;>=E=GDX%=A%EIG%@Q^GLE%EI;E%^MDE=\N%I=D%\G;?R%DMLI%;D% EIG% DI;?H%L>;`D%;AP% EIG%<;>=L=@MD% EG<HG?;<GAE%@\% EIG%QG;?_%$IGDG%VPGEG?<=A;EG%BM;>=E=GDX%a$;N>@?%7121R%788b%;?G%=A%EM?A%>=<=EGP%QN%EIG% VPGEG?<=A;Q>G% BM;>=ENX% @\% EIG% @Q^GLE_% ,@E% ;>>% QG>=G\D% EI;E% IG%GAEG?E;=AD%;Q@ME%EIG%QG;?%L;A%QG%DGGA%;D%<;S=AJ%=E%P;AJG?@MDR%;AP%EIG%DI;?H%L>;`D%;AP%EIG%<;>=L=@MD%EG<HG?;<GAE%@A>N%P@%D@%E@%EIG%GgEGAE%EI;E%=E%=D%H@DD=Q>G%\@?%EIG%QG;?%E@%;EE;LS%I=<_%.\%EIG%QG;?%=D%D;\G>N%>@LSGP%=A% ;% L;JG% ;AP%I;D% A@%H@DD=Q=>=EN% @\% ?G;LI=AJ%I=<R% =E% P@GD% A@E%<;EEG?%`IGEIG?% =ED% L>;`D% ;?G% DI;?H% ;AP% =ED% EG<HG?;<GAE% =D% <;>=L=@MD_%:@AAGLEGP%`=EI%EIGDG%QG>=G\DR%@?%;D%;%L@ADGBMGALG%@\%EIG<R%EIG%HG?D@A%`=>>%;>D@%I;CG%LG?E;=A%`;AED%;AP%EGAPGAL=GD%E@%?G;LE%=A%LG?E;=A%`;ND%=A%?G>;E=@A%E@%EIG%@Q^GLE_%"G%`;AED%E@%?MA%;`;N%\?@<%EIG%QG;?%QGL;MDG%IG%QG>=GCGD%=E%E@%QG%P;AJG?@MD_%$;N>@?%?GJ;?PD%EIGDG%QG>=G\D%;AP%`;AED%;D%AGLGDD;?N%L@AP=E=@AD%\@?%\GG>=AJ%EIG%G<@E=@A%a7121R%788b_%

KN%L@ALG?AD%`=EI%E;>S=AJ%;Q@ME%G<@E=@AD%=A%EG?<D%@\%LG?E;=A%QG>=G\D%<;=A>N% =AC@>CG% EI?GG% ;DHGLED% @\% EI=D% A@E=@A% `I=LI% DE?=SG% <G% ;D%H?@Q>G<;E=L_% $IGDG% H?@Q>G<D% P@% A@E% QGL@<G% <MLI% D<;>>G?% =\% `G%=ADEG;P% P=DLMDD% G<@E=@AD% =A% EG?<D% @\% ^MPJG<GAED_% a7b% '@@S=AJ% ;E%G<@E=@AD%=A%EI=D%\;DI=@A%?MAD%EIG%?=DS%@\%4-$&88&@$0,84S4-+%EIG<_%.E%P@GD%A@E%L;HEM?G%EIG%`;ND%=A%`I=LI%G<@E=@AD%;?G%G<Q@P=GP%?GDH@ADGD%;AP%A@E%@A>N%?;E=@A;>%;DDGDD<GAED%@\%EIG%D=EM;E=@A_%a6b%YGDL?=Q=AJ%G<@E=@AD%;D%I;C=AJ%;%QG>=G\%=AC@>CGD%;%+&-&(,84S,$4#-%@\%EIG%G<@E=@AD_%)N%\@LMD=AJ%@A% QG>=G\DR% `;AED% ;AP% ^MPJG<GAEDR% `I=LI% =A% =EDG>\% ;PPD% ;% EGLIA=L;>%EG?<=A@>@JN%E@%EIG%P=DLMDD=@A%@\%G<@E=@ADR%L@JA=E=CG%;LL@MAED% =JA@?G%EIG%<M>E=EMPG% @\%`;ND% =A%`I=LI% P=\\G?GAE% \GG>=AJDR% QGI;C=@M?R%`;AED%;AP%PGD=?GDR%;D%`G>>%;D%EI@MJIEDR%QG>=G\D%;AP%^MPJG<GAED%L@<G%=AE@%;A%G<@E=@A_%acb%.E%?G<;=AD%MAL>G;?%`I;E%C4-.!#*!(&8,$4#-5%EIG%H?@H@AGAED%@\%EI=D%C=G`%EI=AS% EIG?G%;?G%QGE`GGA%\GG>=AJDR%QG>=G\DR%@?% ^MPJG<GAED_% .A%`I;E% \@>>@`D% .% `=>>% \@LMD% @A% EIG% EI=?P% H@=AER% ;AP% @A>N% <;SG% D@<G%?G<;?SD%;Q@ME%<N%\=?DE%E`@%@Q^GLE=@AD_%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%m8%.%?GEM?A%E@%EIGDG%L@AD=PG?;E=@AD%=A%LI;HEG?%m_%

& 2# % + # $ !

!

H B !

$IG%<;=A%<G?=E% @\% L@JA=E=CG% ;HH?@;LIGD% E@% G<@E=@AD% =D% EI;E% EIGN%L;>>% ;EEGAE=@A% E@% EIG% L>@DG% L@AAGLE=@A% I@`% .% DGG% @?% <;N% PGDL?=QG% ;%D=EM;E=@A% I;D%`=EI% `I;E% .% \GG>% =A% =E_% .E% =D% A@E% \;?4\GELIGP% E@% D;N% EI;E%QG=AJ%;\?;=P%@\%D@<GEI=AJ%<G;AD%EI;E%.% \=AP%=E%P;AJG?@MD%;AP%P@%A@E%`;AE%E@%QG% =A% =ER%;>EI@MJI%.R%@\%L@M?DGR%L;A%;>D@%DGG%EI;E%;%D=EM;E=@A%=D%P;AJG?@MD%`=EI@ME%QG=AJ%;\?;=P%@\% =E_% .%<;NR%\@?%Gg;<H>GR%SA@`%I@`%E@% I;AP>G% EIG%P;AJG?% =A% EIG% D=EM;E=@A_% .%<;N%GCGA%GA^@N% EIG% EI?=>>% @\%\G;?R%D;NR%`IGA%?=P=AJ%;%?@>>G?%L@;DEG?R%;>EI@MJI%.%`@M>P%A@E%PGDL?=QG%EIG%D=EM;E=@A%;D%P;AJG?@MD_%%

.A%EI=D%L;DGR%=E%=D%=<H@?E;AE%E@%?G<;?S%@A%@AG%P=DL?GH;ALN%QGE`GGA%`I;E%.%<=JIE%\GG>%a=A%;%HIND=L;>%@?%HDNLI@>@J=L;>%DGADGb%=A%;%D=EM;E=@A%;AP%I@`%.%<=JIE%EI=AS%;Q@ME%=E_%$I=D%=D%EIG%P=\\G?GALG%EI;E%;E%E=<GD%L;A%QG% <;PG% QGE`GGAR% D;NR% V*&&84-+% \G;?X% ;AP% V?&4-+% ;\?;=PX_% &CGA% =\% .%<=JIE%PGDL?=QG%<N%\GG>=AJ%;D%;%EI?=>>%@\%\G;?R%`G%<;N%BMGDE=@A%=A%`I;E%`;N%EI=D%=D%?G;>>N%;%L;DG%@\%\G;?_%.A%`I;E%DGADG%L;A%.%QG%D;=P%E@%QG%;\?;=P%;AP%GA^@N%=EZ%!G%<;N%EI=AS%=E%<@?G%L@??GLE%E@%D;N%EI;E%EIG%@A>N%`;N%.%L;A%GA^@N%EIG%EI?=>>D%=D%=A%D@%\;?%;D%.%P@%A@E%\=AP%EIG%D=EM;E=@A%P;AJG?@MD%;AP%;<%A@E%;\?;=P%@\%=E_%.\%.%`;D%?G;>>N%;\?;=P%@\%EIG%D=EM;E=@AR%.%`@M>P%;>D@% PGDL?=QG% =E% ;D% P;AJG?@MD% @?% EG??=\N=AJR% A@% <;EEG?% I@`% <MLI%;AN@AG%G>DG%`@M>P%E?N%E@%L@AC=ALG%<G%@\%EIG%D;\GEN%@\%=E%;>>_%

)ME% GCGA% =\% =E% =D% E?MG% EI;E% EIGDG% QG>=G\D% ;AP% `;AED% \=JM?G% =A% @M?%G<@E=@ADR% EIG?G% =D% ;A% =<H@?E;AE% BMGDE=@A% ;D% E@% Gg;LE>N% I@`% EIGN% ;?G%?G>;EGP% E@% EIG%G<@E=@AD_%$;N>@?iD%?G<;?SD%;Q@ME%<N%QG>=G\D%;Q@ME%EIG%@Q^GLE%MAPG?>N=AJ%Q@EI% EIG%`;AED%.%I;CG% =A%?G>;E=@A% E@% EIG%@Q^GLE%;AP%<N% \GG>=AJDR% D@% EI;E% .% L;A% DGG% EIG% ;HH?@H?=;EGAGDD%@\% EIG%G<@E=@A%QN%=ACGDE=J;E=AJ% EIG%QG>=G\DR%<;N% EG<HE%@AG% =AE@% EI=AS=AJ% EI;E% EIG?G% =D%;%@,05,8% ?G>;E=@A% QGE`GGA% EIG% QG>=G\% ;AP% EIG% G<@E=@A;>% ?G;LE=@A_% &CGA%EI@MJI%EI=D%<;N%A@E%QG%`I;E%$;N>@?%=AEGAPD%E@%D;NR%D=ALG%DIG%DHG;SD%@\%EIG% QG>=G\% ;D% ;% AGLGDD;?N% QME% A@E% ;D% ;% DM\\=L=GAE% L@AP=E=@A% \@?% EIG%G<@E=@AR%EIG?G%=D%?G;D@A%E@%BMGDE=@A%`IGEIG?%IG?%;LL@MAE%DMLLGGPD%=A%L>;?=\N=AJ%EIG%\;LE%EI;E%=A%<;AN%D=EM;E=@AD%EIG%G<@E=@A;>%?G;LE=@A%45%EIG%QG>=G\% EI;E% DMLI% ;AP% DMLI% I;D% I;HHGAGP_% .E% =D% A@E% H@DD=Q>G% E@%P=DE=AJM=DI%EIG%E`@_%%

:@JA=E=CG% EIG@?=DED% @\EGA% DHG;S% @\% VQG>=G\DXR% V^MPJG<GAEDX% ;AP%V\;LEDX% ;AP% EIG=?% H@DD=Q>G% =AEG??G>;E=@AD_% $I=D% J=CGD% MD% EIG% =PG;% EI;E%`I;E%`G%;?G%PG;>=AJ%`=EI%;?G%D@<G%S=APD%@\%GAE=E=GD%EI;E%L@AAGLE%`=EI%G;LI% @EIG?% =A% P=\\G?GAE% `;ND_% !I;E% .% `@M>P% >=SG% E@% Q?=AJ% @ME% ;D%D=JA=\=L;AE% =A% EIG=?% ;LL@MAED% =D% ?;EIG?% EI;E% EIGN% H?GDGAE% MD%`=EI% E`@%S=APD% @\% DE;EG<GAED_% $IG% @AG% =DR% V.% ;<% ;\?;=PXR% ;AP% EIG% @EIG?R% V.E% =D%P;AJG?@MDX_%.E%=D%A;EM?;>%E@%EI=AS%EI;E%EIGDG%DE;EG<GAED%;?G%P=\\G?GAE%=A%S=AP_%$IG%\=?DER%`G%<;N%;DDM<GR%J=CGD%MD%=A\@?<;E=@A%;Q@ME%$%&!50?J&@$!

-# ! : # 7 ! ) & 6 + & 0 & ! + $ ! 6 # 0 & !

!

H I !

#*! $%&! &'#$4#-R% EI;E% =DR%;Q@ME%'&_% .% EG>>%N@M%D@<GEI=AJ%;Q@ME%<N% =AAG?%G<@E=@A;>% >=\G_%$IG%@EIG?R%`G%<;N%EI=ASR%?;EIG?% EG>>D%MD%D@<GEI=AJ%@\%$%&! #?J&@$! #*! $%&! &'#$4#-n% =E% ?G>;EGD% E@% LG?E;=A% ;DHGLED% @\% $%&!7#(8._% $IG%BMGDE=@A%`G%;?G%\;LGP%`=EIR% EIGAR% =D%`I;E%S=AP%@\%L@AAGLE=@A%@QE;=AD%QGE`GGA%EIGDG%E`@_%.%`;AE%E@%DMJJGDE%EI;E%`G%?GJ;?P%EIGDG%DE;EG<GAED%;D%4-$&(-,88)!?G>;EGP_%&CGA%=\%EIG%E`@%DE;EG<GAED%E;SG%;%P=\\G?GAE%\@LMDR%EIGN%Q@EI%EG>>%MD%D@<GEI=AJ%;Q@ME%EIG%<G;A=AJ%`G%DGG%=A%;%D=EM;E=@A_%%

'GE%MD%?GEM?A%E@%EIG%BM;??G>%QGE`GGA%'NPJ;EG%;AP%l@D;<@AP%E@%DGG%<@?G%L>@DG>N%`I;E%=E%<;N%<G;A%E@%;EE?=QMEG%E@%D@<G@AG%EIG%QG>=G\%EI;E%EIGN%I;CG%QGGA%`?@AJ>N%E?G;EGP_%,@`R%.%=AEGAE=@A;>>N%LI@DG%E@%P=DLMDD%;A%Gg;<H>G%@\%;AJG?R%;AP%DHGL=\=L;>>N%;%BM;??G>R%?;EIG?%EI;A%\G;?%;D%=A%$;N>@?iD% L;DGR% D=ALG% EIG% .4**&(&-$% HG?DHGLE=CGD% @A% EIG% D=EM;E=@A% EI;E% =D%LI;?;LEG?=DE=L% @\% EIG% <;?=E;>% DE?=\G% =A% `I=LI% `G% \=AP% l@D;<@AP% ;AP%'NPJ;EG%;?G%L@ADE=EME=CG%@\%@M?%MAPG?DE;AP=AJ%@\%;AJG?_%)N%L@AE?;DE%E@%\G;?%=A%`I=LI%EIG?G%=D%<@DE>N%<@?G%;J?GG<GAE%;D%E@%`I;E%D=EM;E=@AD%;?G%P;AJG?@MDR%Q@EI%DH@MDGD%EI=AS%EI;E%EIG%@EIG?%I;D%P@AG%EIG<%;%`?@AJ_%.A% =ED% DG;?LI% \@?%`I;E% =D% ^MDE% @?% MA^MDER% ;AJG?% ;>D@% ?;=DGD% =AEG?GDE=AJ%BMGDE=@AD%;Q@ME% EIG%<@?;>=EN%@\%P=\\G?GAE%G<@E=@AD%;AP% EIG%?@>G% EIGN%I;CG%=A%EIG%<GGE=AJD%QGE`GGA%HG@H>G%=A%`I=LI%`G%E;>S%;Q@ME%;D%>@CG_%%

TG;?%;AP%;AJG?%;E%HG@H>G%DEG;>=AJ%@AGiD%L;?%a/@>@<@A%713FR%656465cb%;?G% @\EGA% J=CGA% ;D% H?=<G% Gg;<H>GD% @\% G<@E=@AD_% #% ?G;D@A% \@?% EI=DR% .%H?GDM<GR%=D%EI;E%EIGN%;?G%E;SGA%E@%QG%D=<H>G%L;DGD_%$I?@MJI%EIG<%@AG%I@HGD% E@% P=DLG?A% JGAG?;>% >=AGD% EI;E% ;>D@% I@>P% \@?% EIG%<@?G% L@<H>Gg%L;DGD_%#A@EIG?%?G;D@A%\@?%H?G\G??=AJ%E@%DHG;S%;Q@ME%BM=EG%>=<=EGP%L;DGD%@\% \G;?% ;AP% ;AJG?% <;N% QG% EI;E% EIGN% ;?G% @\EGA% L@AAGLEGP% `=EI%=ADE?M<GAE;>%;LE=AJ_%$I=D%=D%H;?E%@\%EIG%JGAG?;>=e=AJ%EGAPGALN%@\%EIGDG%P=DLMDD=@AD_% /G;?LI=AJ% \@?% @AG% \G;EM?G% @\% EIG% G<@E=@AD% EI;E% L@M>P% QG%D;=P%E@%QG%GDDGAE=;>%E@%EIG<R%L@JA=E=CG%;LL@MAED%\;=>%E@%<;SG%?@@<%\@?%EIG% =<H@?E;AE%P=DE=ALE=@AD%`G%<;N%<;SG%QGE`GGA%P=\\G?GAE%G<@E=@AD%=A% P=\\G?GAE% D=EM;E=@AD% ;D%`G>>% ;D% EIG% P=DE=ALE=@AD% EI;E%<;N% QG%<;PG%QGE`GGA%P=\\G?GAE%MDGD%@\%H;?E=LM>;?%G<@E=@A%`@?PD%DMLI%;D%V;AJG?XR%V\G;?XR%V^@NX%;AP%D@%@A_%.A%EI;E%>=JIER%`G%<;N%BMGDE=@A%EIG%>GJ=E=<;LN%@\%$;N>@?iD%^M<H%\?@<%\G;?%E@%>@CGR%Q@EI%=A%EIG%?GDHGLE%EI;E%=E%H?@C=PGD%BM=EG%;%DEG?G@ENH=L;>%;LL@MAE%@\%\G;?%;AP%=A%EI;E%=E%;DDM<GD%EI;E%EIG?G%=D%;%L@<<@A%L@?G%E@%;>>%@M?%E;>S%;Q@ME%P=\\G?GAE%G<@E=@AD_%

.%EI=AS%=E%=D%L@??GLE%E@%D;N%EI;E%Q@EI%'NPJ;EG%;AP%l@D;<@AP%QG>=GCG%EI;E% EIG% @EIG?% I;D%`?@AJGP% EIG<R% QME%`I;E% P@GD% EI=D% =AC@>CGZ%#D% .%<GAE=@AGPR%$;N>@?%;HHG;?D%E@%C=G`%EIG%QG>=G\D%;D%D@<GI@`%MAPG?>N=AJ%Q@EI% EIG%`;AED%;AP%\GG>=AJD% =AC@>CGP%=A% EIG%G<@E=@A_% .A%D@<G%H>;LGD%DIG%GCGA%DGG<D%E@%=<H>N%EI;E%EIGN%;?G%L;MD;>>N%?G>;EGP_%.D%=ER%I@`GCG?R%QGDE% E@% PGDL?=QG% EIG% GgH?GDD=@AD% @\% 'NPJ;EGiD% ;AJG?% ;D% EIGN% ;?G% D@%

& 2# % + # $ !

!

H C !

C=C=P>N%PGDL?=QGPR%EM?A=AJ%`I=EGR%`;>S=AJ%?GDE>GDD>N%;Q@MER%;D%G\\GLED%@\%I=D%QG>=G\%EI;E%l@D;<@AP%P=P%I=<%;%`?@AJZ%%

.\%D@<G@AG%;DSD%MD%`IN%IG%=D%;AJ?N%`G%<;NR%@\%L@M?DGR%J=CG%?G;D@AD%\@?% =E% =A% ;%`;N% EI;E% DGG<D% E@% =<H>N% D@<G%S=AP%@\% L;MD;>=EN_%!G% D;NR%VlG;>=e=AJ%`I;E% DIG%I;P% P@AG%<;PG% I=<% ;AJ?NX_% jGER% ?G;>=e=AJ% EI=D%P@GD% A@E% DGG<% E@% QG% DGH;?;Q>G% \?@<% A@?% J=CG% ?=DG% E@% I=D% ;AJG?_%!G%<=JIE% GCGA% D;N% EI;E% `I;E% =E% <G;AD% \@?% I=<% E@% ?G;>=eG% EI;E% DIG% I;D%`?@AJGP%I=<R%P@GD%A@E%I;CG% E@% L@AD=DE% =A% ;ANEI=AJ%<@?G% EI;A% EIGDG%`;ND%@\%?G;LE=AJR%=A%`I;E%IG%D;ND%;AP%<=JIE%D;NR%=A%I=D%QG=AJ%V;\?;=P%@\% D;N=AJ% D@<GEI=AJ% =??G<GP=;Q>N% L?MG>X_% $I=D% ;>D@% Q?=AJD% @ME% EI;E%;EE?=QME=AJ% ;% QG>=G\R% @?% ;A% G<@E=@AR% E@% D@<G@AG% =D% A@E%<G?G>N% ;Q@ME%;DD=JA=AJ%;A%=AEG>>GLEM;>%H?@HG?EN%E@%I=<%@?%IG?_%l;EIG?%=E%?G<=APD%MD%@\% EIG% =<H@?E;AE%H>;LG%DH@AE;AG@MDR%G<Q@P=GP%?G;LE=@AD%I;CG% =A%@M?%G<@E=@A;>%>=\G_%%

$I=D% =D% A@E% E@% D;N% EI;E% EIGDG% `;ND% @\% ;LE=AJ% ;?G% `I;E% I=D% ;AJG?%L@AD=DED%=A_%#D%=A%l@D;<@APiD%L;DGR%`G%<;N%;>D@%PGDL?=QG%D@<G@AG%;D%;AJ?NR% @?% HG?I;HD% ?;EIG?% ;D% P=D;HH@=AEGP% @?% P=DJMDEGPR% `=EI@ME% IG?%DI@`=AJ%;AN%@MEG?%D=JAD%@\%=E_%$IG%H@=AE%=D%?;EIG?%EI;E%`G%P@%A@E%I;CG%E@% DE=HM>;EG% D@<G%MAPG?>N=AJ% QG>=G\R% MAPG?DE@@P% ;D% ;A% ;DDGDD<GAE% @\%EIG% D=EM;E=@AR% E@% D;N% EI;E% D@<G@AG% 5&&5! ;% D=EM;E=@A% =A% ;% LG?E;=A%`;N_%$I=D% =D% @AG% L@<<@A% @Q^GLE=@A% ;J;=ADE% EIG% L@JA=E=C=DE% ;LL@MAED% @\%G<@E=@AD_% Y_!_%";<>NA% a713cbR% \@?% =ADE;ALGR% J=CGD% ;A% Gg;<H>G% @\% ;%HG?D@A% `I@% <;N% QG% D;=P% E@% VI;CG% ;>>% EIG% ?=JIE% QG>=G\D% ;Q@ME% <=LGX%a626b_% /IG% QG>=GCGD% EI;E% EIGN% ;?G% VE@@% D<;>>% ;AP% E@@%I;?<>GDD% =A% ;AN%P=?GLE%`;N%E@%QG%\?=JIEGA=AJX%QME%DE=>>%DIG%VL;AA@E%IG>H%DGG=AJ%EIG<%;D%\?=JIEGA=AJ% >=EE>G% L?G;EM?GDX% a";<>NA% 713cR% 626b_% "G% ?G^GLED% EIG% =PG;%EI;E%EI=D%L@M>P%QG%DGGA%D=<H>N%;D%V;%L@A\>=LE%@\%QG>=G\DX%a";<>NA%713cR%626b%D=ALG%EI;E%`@M>P%QG%<=D>G;P=AJ_%"G%L@AE=AMGDR%%

"@`% @AG% DGGD% EI=AJD% <;N% QG% ;% \MALE=@A% @\% @AGiD% QG>=G\D% =A% ;%C;?=GEN%@\%`;NDn%=E%<;NR%I@`GCG?R%QG%;%\MALE=@A%@\%@EIG?%EI=AJDR%;AP% =E% =D% LG?E;=A>N% A@E% E?MG% EI;E% `IGAGCG?% D@<G@AG% DGGD%D@<GEI=AJ% ;D% DMLI% ;AP% DMLI% @AG% I;D% 4H5#! *,@$#% ;% QG>=G\% E@% EI;E%G\\GLE_%a";<>NA%713cR%626b_%%

$IG%;DDM<HE=@A%EI;E%`GR%=A%GCG?N%=ADE;ALG%@\%EIG%G<@E=@A%=A%BMGDE=@AR%DI@M>P% QG% ;Q>G% E@% \=AP% ;% <@?G% @?% >GDD% GgH>=L=E% QG>=G\% @A% `I=LI% EIG%G<@E=@A% =D% Q;DGPR% EIGAR% =D% <=D>G;P=AJ_% $I=D% =D% ;A@EIG?% ;DHGLE% @\% EIG%@CG?>N%JGAG?;>=e=AJ%<@CG%@\%$;N>@?iD%;LL@MAE_%.A%=ED%IG;CN%?G>=;ALG%@A%@AG%EG?<R%EIG%=<H@?E;AE%P=DE=ALE=@AD%`G%<=JIE%<;SG%QGE`GGA%`I;E%`G%EI=AS%;AP%\GG>R%@?%DGG%;AP%QG>=GCG%=A%;%D=EM;E=@AR%;D%G;?>=G?%=A%EIG%L;DG%@\%?=P=AJ% ;% ?@>>G?% L@;DEG?% aDGG% H_% 3mbR% @?% EIG% HG?D@A% DGG=AJ% <=LG% ;D%\?=JIEGA=AJR% ?G<;=A% MAGgH>@?GP_% .E% ;>D@% ?GCG;>D% D@<G% @\% EIG%`;ND% =A%

-# ! : # 7 ! ) & 6 + & 0 & ! + $ ! 6 # 0 & !

!

H = !

`I=LI% EIGDG% ;LL@MAED% =AC@>CG% ;A% @CG?4=AEG>>GLEM;>=D;E=@A% @\% EIG%G<@E=@AD_% l;EIG?% EI;A% QG=AJ% L@AEGAE%`=EI% @AG% EG?<% E@% PGDL?=QG% @M?%G<@E=@AD% DI@M>P%`G%A@E% QG% @HGA% E@% EIG%P=\\G?GAE%`;ND% =A%`I=LI%`G%GgH?GDD% ;AP% DHG;S% @\% EIG<Z% .A% QG=AJ% ;AJ?NR% .%<;NR% \@?% =ADE;ALGR%A@E%@A>N%D;N%EI;E%.%EI=AS%@?%QG>=GCG%EI;E%D@<G@AG%I;D%P@AG%<G%;%`?@AJ_%.%<;N%;>D@%QG% VDE?MLS%QNX% EIG%`?@AJ%N@M%P=P%<G%@?% D@<GQ@PN%G>DGR% .%<;N%V?G;>=eGX%EI;E%N@M%P=P%<G%;%`?@AJ%@?%V?G\>GLEX%@A%`I;E%N@M%P=P%;AP% V`@APG?X% `IGEIG?% =E% `;D% ?=JIE% @?% `?@AJ_% $IG?G% =D% A@EI=AJ% =A%EIGDG% L;DGD% EI;E% ,! H(4#(4! DI@M>P% >G;P%MD% E@% EI=AS% EI;E% =E% =D% H@DD=Q>G% E@%?GPMLG%;>>%EIGDG%L;DGD%E@%I;C=AJ%D@<G%QG>=G\D%@?%`;AED_%

!I;E%.%I;CG%`;AEGP%E@%Q?=AJ%\@?`;?P%=D%EI;E%;EE?=QME=AJ%E@%'NPJ;EG%EIG%QG>=G\% EI;E%l@D;<@AP%I;P%`?@AJGP%I=<% =D%-#$!;%%)H#$%&545% ;Q@ME%I=D% =AAG?% DE;EGR% `I=LI% `G% <;N% PGPMLG% \?@<% I=D% ;AJ?N% QGI;C=@M?_%/GG=AJ%EIG%D=EM;E=@A%=A%EI=D%`;N%=D%GgH?GDD=CG%@\%;AJG?%=A%EIG%DGADG%EI;E%=E% =D%P=\\=LM>E% E@%MAPG?DE;AP%`I;E% =E%`@M>P%<G;A% \@?% D@<G@AG% E@% D;N%EI;E%IG%`;D%;AJ?N%QME% DE=>>% ?G\MDG% E@% D;N% EI;E%IG% DGGD% EIG% D=EM;E=@A% =A%EI=D% `;N_m2% $I=D% ;DHGLE% =D% GCGA% L>G;?G?% =\% `G% L@AD=PG?% `I;E% 'NPJ;EG%<=JIE%D;N%\?@<%;%\=?DE%HG?D@A%HG?DHGLE=CG_%%

.<;J=AG%EI;E%'NPJ;EG%D;NDR%V/IG%`GAE%QGI=AP%<N%Q;LSXR% E@%J=CG%;%?G;D@A% \@?% I=D% ;AJG?_% *?R% ;D% =A% EIG% Gg;<H>GR% IG% D;NDR% V/IG% ;LEGP%xDGL?GE>Ni% x=A% @HH@D=E=@A% E@i% <G_X% $IGDG% `;ND% @\% E;>S=AJ% ;Q@ME% EIG%D=EM;E=@A% ;?G% L>G;?>N% A@E% V<G?GX% PGDL?=HE=@AD% @\% EIG% D=EM;E=@AR%=APGHGAPGAE%@\%'NPJ;EGiD%\GG>=AJD%=A%=E_%$IGN%;?G%;EEG<HED%E@%,($4@08,$&%I=D% ;AJG?_% /;N=AJ% VDIG% `GAE% QGI=AP% <N% Q;LSX% =D% =EDG>\% ;% `;N% @\%;LLMD=AJ%IG?%@\%P@=AJ%D@<GEI=AJ%`?@AJ_m3%h=C=AJ%EIGDG%?G;D@ADR%EIGAR%=D%A@E%D@%<MLI%GgH>;=A=AJ%@?%PGDL?=Q=AJ%7%)%IG%I;D% EIGDG% \GG>=AJD%@\%;AJG?%;D%=E%=D%GgH?GDD=AJ%7%,$!=E%=D%EI;E%IG%\GG>D_%$I=D%=D%`I;E%I=D%;AJG?%=D%;Q@ME_%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%m2%:@<H;?G%EIG%P=\\G?GALG%QGE`GGA%J=C=AJ%;%L;MDG%;AP%J=C=AJ%;%?G;D@A0%V"G%`;D%?G;>>N%;AJ?N%;E%<GXR%V!INR%`I;E%I;P%N@M%P@AG%a`?@AJbZXR%V,@EI=AJR%IG%`;D%^MDE%I;C=AJ%;%\=E%@\%Q;P%EG<HG?_X%m3%$IG%H@=AE%IG?G%=D%A@E%EI;E%`IGAGCG?%.%P@%D@<GEI=AJ%VDGL?GE>NX%@?%V=A%@HH@D=E=@AX%E@%D@<GQ@PN% .% ;<%AGLGDD;?=>N%P@=AJ% D@<GEI=AJ%`?@AJR%A@?% EI;E% =E% =D% ;>`;ND%`?@AJ% E@%=AEGAE=@A;>>N%I=PG%`I;E% .%;<%P@=AJ% \?@<%D@<G@AG_% .\% .% G_J_%H>;A%;%DM?H?=DG%Q=?EIP;N%H;?EN% \@?%N@MR% .%<;N%QG%PGDL?=QGP%;D%;LE=AJ% DGL?GE>N%;AP% =AEGAE=@A;>>N%I=P=AJ% EI=AJD%\?@<%N@MR%QME%H?@Q;Q>N%A@%@AG%`@M>P%Q>;<G%<G%\@?% EI=D_% .E%`@M>PR%I@`GCG?R% D@MAP%DE?;AJG%E@%D;N%EI;E%=A%P@=AJ%EI=D%.%V`GAE%QGI=AP%N@M?%Q;LSXR%D=ALG%EI;E%=D%;A%GgH?GDD=@A%@\%Q>;<GR%`I=LI%=D%=AEG?A;>>N%?G>;EGP%E@%<N%PGLG=C=AJ%N@M_%O>;AA=AJ%;%DM?H?=DG%\@?%N@M%=D%A@E%PGLG=C=AJ%N@M%GCGA%=\%.R%=A%;%DGADGR%`=EII@>P%EIG%E?MEI_%KN%H@=AE%=D%EI;E%EIG?G%;?G%LG?E;=A%`;ND%@\%DHG;S=AJ%`I=LI%;?G%GgH?GDD=CG%@\%;%<@?;>%MAPG?DE;AP=AJR%=_G_%EIGN%;?G%GgH?GDD=AJ%H?;=DG%;AP%Q>;<GR%DGG=AJ%`?@AJD%;AP%?=JIED_%/;N=AJ%EI;E%D@<G@AG%I;D%J@AG%QGI=AP%@AGiD%Q;LS%=D%=A%EI;E%DGADG%A@%AGME?;>%PGDL?=HE=@A_%%

& 2# % + # $ !

!

H H !

"@`%'NPJ;EG%C=G`D%EIG%D=EM;E=@A%;AP%`I;E%IG%\GG>DR%EIMDR%;?G%E`@%;DHGLED% @\% I=D% ;AJG?_% /;N=AJR% V.% ;<% ;AJ?NX% ;AP% D;N=AJR% V$I=D% `;D%`?@AJX%EG>>%MD%D@<GEI=AJ%Q@EI%;Q@ME%EIG%D=EM;E=@A%;AP%;Q@ME%I=<DG>\_%"=D%MAPG?DE;AP=AJ%@\% EIG%D=EM;E=@A% =D%;%`;N%@\%<;S=AJ%DGADG%Q@EI%@\%I=D% \GG>=AJD% ;AP% @\% `I;E% I;D% I;HHGAGP_% $?N=AJ% E@% DGH;?;EG% `I;E% =D%QG=AJ% \G>E% \?@<%`I;E% =D%QG=AJ%QG>=GCGPR%;AP%HME% EIG<% =A%;A%@?PG?% =DR%EIG?G\@?GR%H?@Q>G<;E=L_%$I=D%=D%`I;E%.%<G;A%QN%D;N=AJ%EI;E%EIG?G%=D%;A%=AEG?A;>% ?G>;E=@A% QGE`GGA% I@`% .% GgH?GDD% <N% G<@E=@A% ;AP% I@`% .%MAPG?DE;AP%<N%D=EM;E=@A%;AP%A@E%;%L;MD;>%@AG_%%

$I=D%;>D@%GgH>;=AD%`IN%`G%<;N%A@E%\=AP%;%L;DG%@\%;AJG?% =A%`I=LI%D@<G@AG%L;AA@E%QG%D;=P%E@%DGG%EIG%D=EM;E=@A%;D%=A%D@<G%`;N%I;?<\M>_%$I=D%=D%A@E%QGL;MDG%;AJG?%=D%;>`;ND%;LL@<H;A=GP%QN%DMLI%;%QG>=G\R%@?%=D%Q;DGP% @A% =ER% QME% QGL;MDG% `G% `@M>P% A@E% ;EE?=QMEG% ;AJG?% E@% D@<G@AG%`I@%P=P%A@E%?GJ;?P%EIG%D=EM;E=@A%=A%EI=D%`;N%;AP%QGL;MDG%;E%EIG%H@=AE%IG%DE@HD%?GDH@AP=AJ%E@%=E%;D%DMLIR%`G%`@M>P%A@%>@AJG?%D;N%EI;E%IG% =D%;AJ?N_% $IG% DGADG% =A%`I=LI%`G%<;N% DHG;S% ;Q@ME% ;AJG?% =A% ?G>;E=@A% E@%I=<%>@DGD%=ED%\@@EI@>P_%

,GCG?EIG>GDDR% `G% DI@M>P% A@E% IM??N% H;DE% EI=D% H@=AE_% /;N=AJ% EI;E%EIG?G% =D% ;A% 4-$&(-,8% ?G>;E=@A% QGE`GGA% `I;E% .% \GG>% ;AP% I@`% .% DGG% EIG%D=EM;E=@A%P@GD%A@E%<G;A%EI;E%<N%`;ND%@\%DHG;S=AJ%;Q@ME%EIG%D=EM;E=@A%;AP%<N%\GG>=AJD%=A%=E%;>`;ND%J@%I;AP%=A%I;AP_%.A%D@<G%L;DGDR%D;N=AJR%V.%;<%;AJ?NXR%<;N%I;CG%EIG%D;<G%?@>G%=A%L@ACG?D;E=@AR%@?%=A%;%BM;??G>R%;D% D;N=AJR% Vj@M% a@?% DIGb% P=P% D@<GEI=AJ% `?@AJX_% KN% G<@E=@A% =D% ;%?GDH@ADG%E@%EIG%D=EM;E=@AR%;AP%EIG%`;N%.%MAPG?DE;AP%=En%EIG%`@?PD%.%MDG%E@% PGDL?=QG% =ER%`I;E% .% \@LMD% @A% ;D% =<H@?E;AER% =D% ;A% GgH?GDD=@A% @\%<N%G<@E=@AD% =A% =E_% $I=D% P@GD% A@E% <G;A% EI;E% .% I;CG% E@% ?G;LE% E@% GCG?N%D=EM;E=@A% EI;E% .%<;N%PGDL?=QG%;D%MA\;=?%`=EI%;AJG?_%!I;E% =E%<G;AD% E@%DHG;S%;Q@ME%;A%=AEG?A;>%?G>;E=@A%=D%?;EIG?%E@%QG%\@MAP%=A%EIG%\;LE%EI;E%.%EI=AS%N@M%I;CG%;%?G;D@A%E@%QG%;AJ?N%=\%.%EI=AS%N@M%I;CG%QGGA%MA\;=?>N%E?G;EGP_%$IG%BMGDE=@A%`IN%N@M%?G;LE%=A%;%LG?E;=A%`;N%;?=DGD%`IGA%N@M%;?G%-#$%;AJ?N%;>EI@MJI%N@M%;J?GG%EI;E%N@M%I;CG%QGGA%E?G;EGP%MA\;=?>NR%;AP%A@E%`IGA%N@M%?G;LE%`=EI%;AJG?%E@%EI=D%MA\;=?%E?G;E<GAE_%%

K@?G@CG?R%N@M?%E;>S=AJ%;Q@ME%D@<G@AGiD%;LE=@AD%;D%L?MG>%@?%<=LG%;D%EG??=\N=AJ% ;>>@`D% <G% E@% MAPG?DE;AP% N@M?% ?G;LE=@A% ;D% ;AJG?% @?% \G;?R%GCGA%=A%D=EM;E=@AD%EI;E%.%P@%A@E%\=AP%MA\;=?%@?%P;AJG?@MDR%;D%P@%=A%DMLI%L;DGD%;>D@%N@M?%L>MELIGP%\=DED%;AP%DI;S=AJ%C@=LG_%.%`@M>P%QG%;E%;%>@DD%\@?%`@?PD%E@%PGDL?=QG%`I;E% =E% =D%N@M%;?G%D;N=AJ%=\%N@M%`G?G%DE;AP=AJ%@A%;% LI;=?% DL?G;<=AJ%;E%;%<@MDGR% D;N=AJ% EI;E%N@M%;?G% ;\?;=P%@\%<=LG%QME%;PP=AJR%V#IR% EIGNi?G% >@CG>N% >=EE>G%L?G;EM?GD%;?GAiE% EIGNX_%#?G%N@M%^@S=AJR%QG=AJ% =?@A=L;>R% @?%P@%N@M%A@E%MAPG?DE;AP% EIG%<G;A=AJ%@\% EIG%`@?PD%V;\?;=PX%;AP%V>@CG>NXZ%%

-# ! : # 7 ! ) & 6 + & 0 & ! + $ ! 6 # 0 & !

!

H @ !

.%D;=P%EI;E%=A%LG?E;=A%D=EM;E=@AD%D;N=AJ%V.%;<%;AJ?NX%<;N%I;CG%EIG%D;<G%?@>G%;D% D;N=AJR%V.E%`;D%`?@AJX_%T@?%@AG% EI=AJR%Q@EI% =<H>N% EI;E%EIG?G% =D% D@<GEI=AJ% EI;E% AGGPD% E@% QG% P@AG% ;Q@ME% EIG% D=EM;E=@A_%,GCG?EIG>GDDR%`G%DI@M>P%A@EG% EI;E% EIG%DG>\4;DL?=HE=@A% =A% EIG%\=?DE%L;DG%=A% <;AN% D=EM;E=@AD% LI;AJGD% `I;E% =D% QG=AJ% D;=P_% .% P?;`% ;EEGAE=@A% E@%P=\\G?GAE%EI=AJD%`IGA%.%D;N%VAX%;AP%V4$X_m1%.A%LG?E;=A%D=EM;E=@AD%EI=AS=AJ%EI;E%.%;<%@A>N%E?N=AJ%E@%QGL@<G%L>G;?%;Q@ME%`I;E%I;D%I;HHGAGP%=A%;%D=EM;E=@A%<;N%Q>=AP%<G%E@%<N%@`A%G<@E=@A;>% =AC@>CG<GAE% =A% =E_% .%P@%A@E%DGG%=A%`I;E%`;ND%<N%MAPG?DE;AP=AJ%@\%;%D=EM;E=@A%=D%GgH?GDD=CG%@\%;%LG?E;=A%;EE=EMPG%E@`;?PD%=E_%.\%.%`G?G%E@%?GL@JA=eG%EI=DR%V.E%=D%A@E%EIGN%EI;E%;?G%=??=E;E=AJR%.%;<%EIG%@AG%`I@%=D%=??=E;EGPXR%<N%MAPG?DE;AP=AJ%@\%EIG% D=EM;E=@A%`@M>P% ;>D@% LI;AJG_% /;N=AJR% VA% ;<% ;AJ?NXR% ;AP%A@ER% VA$%`;D% MA^MDEXR% IG?G% `@M>P% ?;EIG?% QG% ;% `;N% @\% BMGDE=@A=AJ% <N% @`A%?GDH@ADG_%VK;NQG%=EiD%^MDE%<G_X%%

lGL;>>%l@D;<@APiD%?G;LE=@A% E@%'NPJ;EGiD%@MEQM?DE_%$?N=AJ% E@%SGGH%IG?%P=D;HH@=AE<GAE%;E%Q;NR%DIG%?G\?;=AD%\?@<%GgH?GDD=AJ%;AN%;AJG?%;E%;>>_%"G?% V=AA@LGAE4>@@S=AJ% D=>GALGX% ;AP% V<GGS% C=LE=<=DGP% ;=?X% a&>=@E%711mR%8cmb%BMGDE=@AD%EIG%^MDE=LG%@\%I=D%?G;LE=@A%E@%IG?%PGGPD_%.A%J=C=AJ%C@=LG% E@% I=D% ;AJG?R% 'NPJ;EG%I;P%QGGA% DHG;S=AJ% \?@<%;% L@AC=LE=@A% @\%QG=AJ%?=JIER%QME%l@D;<@APiD%?GDH@ADGR%@?%>;LS%@\%?GDH@ADGR%>G;PD%I=<%E@%BMGDE=@A%`IGEIG?%=E%`;D_%"G?%?GDH@ADG%GCGA%I;D%I=<%EI=AS=AJ%EI;E%IG%I;D%;LEGP%MA^MDE>N%;D%IG%I;D%;LEGP%@ME%@\%;AJG?R%;AP% =A% EI;E%DGADG%VMAQGL@<=AJ>NX%a&>=@E%711mR%8cmb%=A%IG?%GNGDR%`I=>G%DIG%AGCG?%P=P%DMLI%;% EI=AJ_5F%!IGA% DIG% \=A;>>N% D;ND% D@<GEI=AJR% DIG% D;ND% =E% L@@>>NR% VA% ;<%A@E%;AJ?NR%QME%)#0%I;CGzX%,GCG?EIG>GDDR%IG?%`@?PD%;?G%\M>>%@\%P=DJMDE_%%

)N% \@LMD=AJ% @A% `I;E% ;HHG;?D% E@% QG% ;DHGLED% @\% EIG% D=EM;E=@AR%l@D;<@AP%SGGHD%IG?DG>\%@ME%@\%=E_%/IG%=D%GCGA%E?N=AJ%E@%<;SG%'NPJ;EG%DGG%I=D% ?GDH@ADG%A@E%;D%;%<G;A=AJ\M>% ?G;LE=@A% E@%`I;E% 5%&%I;P%P@AGR%QME% ;D% ;A%GgH?GDD=@A%@\%%45% =AL@ALG=C;Q>G% L?MG>EN_% V,@%<;EEG?%`I;E% .%\GG>R%EI=D%`;D%`?@AJoX%V.E%=D%A@E%EI;E%.i<%;AJ?N%@?%;ANEI=AJR%QMEzX%/IG%;EEG<HED% E@% HG?DM;PG% 'NPJ;EG% E@% J=CG% MH% I=D% HG?DHGLE=CG% @A% EIG%D=EM;E=@A% D=ALG% =E% `;D% L@>@M?GP% QN% I=D% G<@E=@ADR% I=D% ;AJG?% ;AP% I=D%MA\;EI@<;Q>G% L?MG>ENR% ;AP% ;LLGHE% IG?% C=G`% @A%`I;E% I;P% I;HHGAGPR%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%m1% K;?=% '=AP<;A% H@=AEGP% @ME% @AG% =AEG?GDE=AJ% ;DHGLE% @\% EIG% `;ND% =A% `I=LI% @AG%L@AD=PG?D%D@<G@AG%E@%QG%HG?D@A;>>N% =AC@>CGP%=A%EIG%D=EM;E=@A%=A%?G>;E=@A%E@%EIG%`;ND%`G%<;N%DHG;S%@\%<GA%;AP%`@<GA_%.A%;%D=<=>;?>N%DE?GDD\M>%D=EM;E=@AR%`G%@\EGA%D;N%@\%;%`@<;AR%XP%&%=D%A@E%DE?@AJ%GA@MJI%E@%I;AP>G%=EXR%`I=>G%`G%D;N%@\%;%<;AR%X"%&!54$0,$4#-%=A%`I=LI%IGiD%=A%=D%BM=EG%MAQG;?;Q>G_X%%5F%$I=D%<;?SD%;%\M?EIG?%\;=>M?G%@\%l@D;<@AP%=A%EI;E%DIG%>GED%`I;E% =D%;J?GG;Q>G%@?%A@E%?M>G%IG?%C=G`%@\%`I;E%=D%`?@AJ%@?%?=JIE_%.%`=>>%?GEM?A%E@%EI=D%=A%LI;HEG?%2_%

& 2# % + # $ !

!

@ G !

QME%DIG%P@GD%A@E%;LSA@`>GPJG%EI;E%IG?%HG?DHGLE=CG%=D%;D%GgH?GDD=CG%@\%;A% VG<@E=@A;>X% ?G;LE=@A% ;D% =D% I=D_% )N% A@E% ;LSA@`>GPJ=AJ% IG?%P=D;HH@=AE<GAE% ;AP%VP=DJMDE%`=EI%IG?%IMDQ;APX% a&>=@E% 711mR% 8cmb%@?%@A>N% P@=AJ% =E% `IGA% 'NPJ;EG% =D% ;>?G;PN% `G;SGAGP% =A% I=D% H@D=E=@AR%l@D;<@AP% P@GD% A@E% J=CG% I=<% ;AN% @HH@?EMA=EN% E@% BMGDE=@A%`IGEIG?%IG?%C=G`%@\%EIG%D=EM;E=@A%=D%L@??GLE_%%

,@E% GgH?GDD=AJR% @?% GCGA% ;LSA@`>GPJ=AJR% IG?% \GG>=AJD% ;>>@`D%l@D;<@AP% A@E% E@% E;SG% (&5H#-54?484$)% \@?% `I;E% DIG% \GG>D_% /IG% L;A%L@AE=AMG%E@%\GG>%MA^MDE>N%E?G;EGP%GCGA%=A%;%D=EM;E=@A%=A%`I=LI%=E%<;N%QG%?=JIE>N%;?JMGP%EI;E% EI=D% =D%A@E% EIG%L;DG_%/IG%P@GD%A@E%I;CG% E@%;AD`G?%\@?%IG?%@`A%P=DJMDE%;E%IG?%IMDQ;APR%A@?%\@?%IG?%\;=>M?G%E@%\=AP%=A%I=D%?GDH@ADG%;ANEI=AJ%EI;E%L@M>P%DG?CG%;D%;%\;=?%PGDL?=HE=@A%@\%IG?_%/IG%=D%Q>=AP%E@%EIG%?@>G%DIG%IG?DG>\%I;D%=A%EIG=?%D=EM;E=@A_%%

:@<H;?G% EI=D% E@%'NPJ;EG%`I@R%QN%L>G;?>N%GgH?GDD=AJ%I=D%;AJG?%QN%L@AE?;DE% E@% L@@>>N% PGDL?=Q=AJ% I@`% IG% C=G`D% EIG% D=EM;E=@AR% P?;`D%;EEGAE=@A% E@% EIG% H;?E% IG% I=<DG>\% H>;ND% =A% I=D% HG?DHGLE=CG% @A% EIG=?%D=EM;E=@A_% "G% ;EEG<HED% E@% <;SG% l@D;<@AP% DGG% EI;E% DIG% I;D% P@AG%D@<GEI=AJ%MA^MDER%QME%=A%L@<<=EE=AJ%I=<DG>\%E@%EI;E%=PG;%=A%I=D%;AJ?N%?GDH@ADGR%IG%;>D@%QGL@<GD%?GDH@AD=Q>G%\@?%DHG>>=AJ%@ME%`IN%IG%EI=ASD%EI=D%=D%D@_%*\%L@M?DGR%EI=D%P@GD%A@E%<G;A%EI;E%I=D%;AJG?%=D%H?@CGA%MA^MDE%^MDE%QGL;MDG%l@D;<@AP%@HH@DGD%=E_%.E%=D%\@?%EI;E%<;EEG?%A@E%H?@CGA%^MDE%QGL;MDG%EIG%?G;PG?%;J?GGD%=E%=D%D@_%"@`GCG?R%I=D%L>;=<%E@%^MDE=LG%=D%@HGA%E@%LI;>>GAJG%;AP%L?=E=L=D<%=A%;A@EIG?%`;N%EI;A%l@D;<@APiD%=A%EI;E%%&%I;D%GgH?GDDGP%I=D%;AJG?%;E%IG?_%%

$IG%;Q@CG%Gg;<H>GD%Q?=AJ%@ME%I@`%.%EI?@MJI%?G\>GLE=AJ%@A%<N%@`A%=AC@>CG<GAE%=A%;%D=EM;E=@AR%`I;E%.%D;NR%EI=AS%;AP%\GG>%=A%=ER%<;N% 8&,(-%D@<GEI=AJ%Q@EI%;Q@ME%EIG%D=EM;E=@A%;AP%;Q@ME!')5&8*_%.A%H;?E=LM>;?R%=E%=D%=A% <N% <GGE=AJD% `=EI% @EIG?% HG@H>GR% ;AP% =A% L@A\?@AE;E=@A% `=EI% EIG=?%P=\\G?GAE%HG?DHGLE=CGD%@A%`I;E%I;D%I;HHGAGPR%EI;E%EIG%DGADG%=A%`I=LI%.%G<Q@PN% ;% HG?DHGLE=CG% @A% EIG% `@?>PR% ;AP% ;<% A@E% @AG% `=EI% =ER% <;N%QGL@<G%<@DE%L>G;?%E@%<G_%.R%`I@%P@%A@E%DGG%<NDG>\%=A%`I;E%.%DGGR57%DGG%<NDG>\%a<=??@?GPb%=A%N@M?%?G;LE=@AD_%%

)N%L@AE?;DE%E@%EIG%D=EM;E=@AD%=A%`I=LI%D;N=AJ%V.%;<%;AJ?NX%&LH(&55&5%<N%G<@E=@AD% EI=D%;>D@%Q?=AJD% E@% EIG% \@?G%@EIG?%MDGD%@\% EIG%`@?PD_%#E%E=<GDR%<N%DGG=AJ%<NDG>\%;D%QG=AJ%;AJ?N%=D%EIG%@MEL@<G%@\%;%?G\>GLE=@A%@A% <N% G<@E=@AD_% .R% ;D% =E% `G?GR% L@<G% E@% DGG% <NDG>\% ;D% ;AJ?N% QN%?G\>GLE=AJ%@A%<N%?G;LE=@ADn%V.%<MDE%DE=>>%QG%;AJ?N%`=EI%I=<_%!IGAGCG?%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%57%$I=DR% .% E;SG%=ER% =D%@AG%P=<GAD=@A%@\%!=EEJGADEG=AiD%a711cb%?G<;?S%EI;E%@AG%P@GD%A@E%DGG%EIG%GNG%=A%EIG%C=DM;>%\=G>P%aq5_8cc45_8cc7b_%%

-# ! : # 7 ! ) & 6 + & 0 & ! + $ ! 6 # 0 & !

!

@ ; !

`G%<GGE%.%GAP%MH%;?JM=AJ%;Q@ME%D@<G%MDG>GDD%PGE;=>%`=EI%I=<_X%*EIG?%E=<GDR% <N% DHG;S=AJ% ;Q@ME% <N% G<@E=@AD% <;N% E;SG% EIG% \@?<% @\%?GH@?E=AJ%;%HDNLI@>@J=L;>%EGAPGALNn%VKN%<@EIG?4=A4>;`%;>`;ND%P?=CGD%<G%MH%EIG%`;>>_X%$IG%`@?PD%<;N%;>D@%E;SG%EIG%\@?<%@\%;%L@A\GDD=@AR%V.%SA@`%.%DI@M>PAiE%QG%;AJ?N%`=EI%I=<%aIG%P=PAiE%=AEGAP%;AN%I;?<bR%QME%.%DE=>>%L;AA@E%IG>H%\GG>=AJ%=E_X%%

"G?G%;J;=A%`G%<;N%P=DE=AJM=DI%QGE`GGA%<N%*&&84-+%;AJG?%;AP%?&4-+%;AJ?N% ;AP% E;SG% A@EG% @\% EIG% <@?;>% P=<GAD=@A% @\% EI=D% P=DE=ALE=@A_%!IG?G;D% EIG% \@?<G?% L;A% QG% DGGA% ;D% ;% `;N% @\% HDNLI@>@J=L;>>N%?GJ=DEG?=AJ% LG?E;=A% ?G;LE=@ADR% EIG% >;EEG?%<;N% QG% ;%`;N% @\% L@<<=EE=AJ%<NDG>\% E@% ;AP% ;LLGHE=AJ% ?GDH@AD=Q=>=EN% \@?% ;% LG?E;=A% HG?DHGLE=CGR%<N%;AJG?_%%

+ + ! !%.&!*(%+#$(6+%:!#A!&2#%+#$!

#\EG?% I;C=AJ% DI@`A% EI;E% LG?E;=A% QG>=G\D% ;?G% AGLGDD;?N% L@AP=E=@AD% \@?%GgHG?=GAL=AJ% G<@E=@AD% $;N>@?% DMJJGDED% EIG% \@>>@`=AJ0% /=ALG% `G% L;A%Gg;<=AG%EIG%;LLM?;LN%@\%EIG%QG>=G\D%;%HG?D@A%I@>PD%;Q@ME%EIG%@Q^GLE%@\%IG?%G<@E=@AD%`G%L;A%;>D@%^MPJG%`IGEIG?%;%LG?E;=A%G<@E=@A%=D%=A%H>;LG%=A%;%LG?E;=A%D=EM;E=@A_%.\%IG?%QG>=G\D%;Q@ME%EIG%@Q^GLE%;?G%?;E=@A;>R%=\%=E%=D%E?MG% EI;E% EIG% QG;?% DIG% =D% ;\?;=P% @\% I;D% DI;?H% L>;`D% ;AP% ;%<;>=L=@MD%EG<HG?;<GAER% DIG% =D% V^MDE=\=GP% =A%GgHG?=GAL=AJ%;A%G<@E=@A;>% ?G;LE=@A%Q;DGP%@A%EIG<X_%.\%EI=D%=D%A@E%EIG%L;DGR%IG?%\G;?%=D%=??;E=@A;>%;AP%L;AA@E%QG%D;=P%E@%QG%^MDE=\=GP_%a$;N>@?%7121R%7854783b%%

$I=D%G\\@?E%E@%H?@CG%EIG%?;E=@A;>=EN%@\%G<@E=@AD%=D%@AG%@\%EIG%P?=C=AJ%\@?LGD%@\% EIG%L@JA=E=CG%;LL@MAED%@\%G<@E=@A_%:@AE?;?N%E@%EIG%AGJ;E=CG%C=G`% @A% G<@E=@AD% EI;E% <;AN% HI=>@D@HIG?D% I;CG% IG>PR% ?GJ;?P=AJ%G<@E=@AD% ;D% H;DD=CG% @LLM??GALGDR% @?% =AEG??MHE=@AD% @?%P=DEM?Q;ALGD% =A%@M?% ?;E=@A;>% EI=AS=AJ% ;AP% PG>=QG?;E=CG% ;LE=@ADR% EIGN% =AEGAP% E@% DI@`%EI;E% G<@E=@AD% ;>D@% =A\@?<% @M?% ?G;D@A=AJR% @?% L@ADE=EMEG% ;% \@?<% @\%?G;D@A=AJ% EIG<DG>CGD_% /@<G% `@?S% =D% ;>D@% <;PG% E@% >@@DGA% MH% EIG%L>;DD=L;>%P=DE=ALE=@A%QGE`GGA%?G;D@A%;AP%G<@E=@AR%E?N=AJ%E@%DI@`%EI;E%G<@E=@AD%I;CG%;%?;E=@A;>=EN%@\%EIG=?%@`AR%DHG;S=AJ%;D%P@GD%,MDDQ;M<%;Q@ME%V>@CGiD%SA@`>GPJGX%a,MDDQ;M<%711Fb_%)MER%GCGA%IG?GR%;%LG?E;=A%L@ALGHE=@A%@\%?;E=@A;>=EN%>@@<D%=A%EIG%DI;P@`%@\%YGDL;?EGD_%%

$IG% J=DE% @\% EIG=?% ;?JM<GAE% =D% E@% DI@`% EI;E% D@<G% G<@E=@AD% ;?G%?;E=@A;>%`IG?G;D%@EIG?D%;?G%A@E_%.%I;CG%?G;D@A%E@%QG%;\?;=P%@\%QG;?D%EI;E%.%<GGE% =A% EIG% \@?GDE% QME% A@E% @\% EIG% @AGD% =A% ;% e@@R% ;AP% QN% A@%<G;AD%DI@M>P%.%QG%;\?;=P%@\%<=LG_%$I;E%=DR%EIG?G%;?G%?G;D@AD%\@?%QG=AJ%;\?;=P%=A%P;AJG?@MD%D=EM;E=@ADR%QME%A@E%;>>%D=EM;E=@AD%=A%`I=LI%D@<G@AG%=D%;\?;=P%

& 2# % + # $ !

!

@ D !

;?G% ;LEM;>>N% P;AJG?@MD_%,@?% ;?G% @M?% ?G;LE=@AD% @\% \G;?% ;>`;ND% =A% >=AG%`=EI% EIG%P;AJG?% @\% EIG%@Q^GLE_% .% DI@M>P%A@E% \G;?% DA;SGD% E@% EIG% GgEGAE%EI;E%.%P@%A@E%P;?G%>G;CG%EIG%I@MDG%=A%EIG%DM<<G?_%.\%<N%\G;?%E;SGD%@CG?%;AP%H;?;>NDGD%<G%=A%;%`;N%EI;E%=D%A@E%H?@H@?E=@A;EG%E@%EIG%P;AJG?%@\%EIG%D=EM;E=@A%EIG?G%=DR%EIMDR%?G;D@A%E@%E?N%E@%L@AE?@>%<N%\G;?_56%%

.A% EI=D% PGH=LE=@A% EIGN% I@>P% @A% E@% BM=EG% ;% E?;P=E=@A;>% H=LEM?G% @\%?;E=@A;>=EN_% l;E=@A;>=EN% ;AP% EI=AS=AJ% =D% <;=A>N% L@AD=PG?GP% ;D% EIG%;Q=>=EN%E@%<;SG%L@??GLE%^MPJG<GAEDR%I@>P%L@??GLE%QG>=G\D%@?%\@?<%L@??GLE%L@AL>MD=@AD%;Q@ME%;A% =APGHGAPGAE% ?G;>=EN_%$I=D%H=LEM?G% =D%Q;DGP%@A%;%DI;?H%P=DE=ALE=@A%QGE`GGA%G<@E=@A%;AP%?G;D@AR%Q@PN%;AP%<=APR%;AP%=D%L>@DG>N% L@AAGLEGP% `=EI% EIG% L>;DD=L;>% P=DE=ALE=@AD% QGE`GGA% \;LE% ;AP%C;>MGR% @Q^GLE=C=EN% ;AP% DMQ^GLE=C=ENR% ;LL@?P=AJ% E@%`I=LI% G<@E=@AD% ;AP%C;>MGD%;?G%L@AD=PG?GP%E@%QG%DMQ^GLE=CG%?GDH@ADGD%E@%@Q^GLE=CG%\;LED_%$IG%C;>MG% @\% G<@E=@AD% =D% IG?G% ^MPJGP% =A% ;LL@?P;ALG%`=EI% EIG=?% ;Q=>=EN% E@%JM=PG%MD%E@%EIGDG%\;LED%a=A%D@<G%L;DGD%GCGA%V@Q^GLE=CGX%C;>MGDb%`I=LI%`G%<;N%;>D@% ?GL@JA=eG%@EIG?`=DGR% ;AP%`=EI% EIG=?% ;Q=>=EN% E@% =AC@SG% ;%H?@HG?% ?GDH@ADG% E@% EIG<_% .\% EIGN% \;=>% E@% P@% D@% EIGN% <;=AE;=A% EIG=?%PMQ=@MD% DE;EMD_% $IMDR% =E% ;DDM<GD% EI;E% EIG?G% ;?G% J=CGA% \;LED% @\% EIG%D=EM;E=@A%EI;E%P@%A@E%PGHGAP%@A%EIG%HG?D@A%`I@%A@E=LGD%EIG<%@?%L;>>D%@M?%;EEGAE=@A% E@% EIG<_%$I=D%PGDL?=HE=@A% \@LMDGD%@A%;% >=<=EGP%?;AJG%@\%@M?%G<@E=@A;>%?GDH@ADGDn%EIG%`;ND%=A%`I=LI%`G%<;N%AGME?;>>N%@QDG?CG%EI;E% ;% D=EM;E=@A% =D% P;AJG?@MDR% @?% EIG% `;ND% =A% `I=LI% .% <;N% <;SG%<=DE;SGD%;D%E@%`I;E%I;D%I;HHGAGP_%%

$IGDG% ;LL@MAED% DG>P@<% BMGDE=@A% `I;E% EI=D% ?;E=@A;>% =PG;>% ?G;>>N%;<@MAED% E@_% .A% \;LER% EIGN% P@% A@E% D;N% <MLI% ;Q@ME% I@`% `G% ;?G% E@%MAPG?DE;AP% ?;E=@A;>=EN% @A% EIG% `I@>GR% @?% `IGEIG?% EIG% H@HM>;?%L@ALGHE=@A% @\% =E% =A% HI=>@D@HIN% =D% =APGGP% <G;A=AJ\M>_% $IGN% D=<H>N%;DDM<G%EI;E%`G%SA@`%`I;E%`G%;?G%E;>S=AJ%;Q@ME%`IGA%`G%E;>S%;Q@ME%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%56%$I=D%;>D@%DI@`D%EIG%L>@DG%L@AAGLE=@A%QGE`GGA%L@JA=E=CG%EIG@?=GD%;AP%EIG?;HN_%&CGA%EIG% /E@=LD% @\\G?GP% ;% CG?D=@A% @\% L@JA=E=CG% EIG?;HN% QN% H@=AE=AJ% @ME% EIG% H@DD=Q=>=EN% @\%LI;AJ=AJ%@AGiD%^MPJG<GAED%;Q@ME%EIG%D=EM;E=@A%;D%;%<G;AD%E@%LI;AJ=AJ%@AGiD%\GG>=AJD_%)N% ?G;>=e=AJ% EI;E% D@<G% @\% <N% G<@E=@AD% ;?G% A@E% ?;E=@A;>R% <N% J?@MAPD% \@?% EIG<%P=D;HHG;?D% ;AP% D@% P@GD% EIG% G<@E=@A_% $I;E% =D% ;E% >G;DE% EIG% =PG;_% #% L>@DG>N% ?G>;EGP%@Q^GLE=@A%=D%@\%L@M?DG%\@MAP%=A%EIG%HI@Q=L%\G;?%@\%DH=PG?DR%DA;SGD%;AP%<=LG_%.E%=D%?;EIG?%EIG% ?M>G% EI;A% ;A% GgLGHE=@A% EI;E% EIG% HI@Q=L% MAPG?DE;APD% EI;E% I=D% ?G;LE=@A% =D% @ME% @\%H?@H@?E=@A%`=EI@ME%EI=D%LI;AJ=AJ%EIG%DE?GAJEI%@\%I=D%?G;LE=@A_%)MER%@AG%<;N%?GE@?ER%EI=D%<;N% ;>D@% QG% ;% ?G;D@A% \@?% L;>>=AJ% I=D% \G;?% VHI@Q=LX_% .E% I;D% H;EI@>@J=L;>% DE?G;SDR% ;AP%P@GD% A@E% D=<H>N% @HG?;EG% `=EI=A% EIG% VJGAG?;>X% \?;<G`@?S% @\% G<@E=@AD_% $I=D% DGG<D%?=JIE%MH%E@%;%H@=AER%QME%EIGA%@AG%>G;CGD%;D=PG%EIG%`I@>G%BMGDE=@A%@\%`I;E%;%VJGAG?;>%\?;<G`@?S%@\%G<@E=@ADX%L@M>P%QG_%

-# ! : # 7 ! ) & 6 + & 0 & ! + $ ! 6 # 0 & !

!

@ < !

QG>=G\DR% EI@MJIED% ;AP% ^MPJG<GAEDR% ;D% =\% EI=D% E;>S% `G?G% A@E% ;D% <MLI%DMQ^GLE%E@%L@A\MD=@AD%;D%=D%@M?%E;>S%;Q@ME%\GG>=AJD%;AP%G<@E=@AD_%%

';?D% "G?EeQG?JiD% ;?E=L>G% V$IG% .<H@?E;ALG% @\% )G=AJ% $I@MJIE\M>X%a6FF2;b% @\\G?D% <;AN% IG>H\M>% ?G<=APG?D% E@% ?G>G;DG% @AGDG>\% \?@<% EI=D%H=LEM?G%@\%?;E=@A;>=EN%;AP%EI=AS=AJ%;D%;A%=AAG?%>@J=L;>%H?@LGDD_5c%!=EI=A%EI=D%C=G`%?;E=@A;>=EN%QGL@<GD%;%E@@>%EIG%<;=A%;=<%@\%`I=LI%=D%E@%P?;`%L@AL>MD=@AD%;AP%J;=A%SA@`>GPJG%;Q@ME%?G;>=EN_%Y?;`=AJ%@A%EIG%DGADG%EI;E%GgH?GDD=@AD%DMLI%;D%VQG=AJ%EI@MJIE\M>X%@?%V;LE=AJ%EI@MJIE>GDD>NX%<;N% I;CG% =A% P=\\G?GAE% D=EM;E=@ADR% "G?EeQG?J% ?;EIG?% DI@`D% EI;E% VEIG%=<H@?E;ALG%@\%QG=AJ%EI@MJIE\M>X%P@GD%-#$!?GD=PG%=A%EIG%D=JA=\=L;ALG%@\%I;C=AJ%J@AG%EI?@MJI%LG?E;=A%EI@MJIE4H?@LGDDGD_%5m%%

!I;E% L@ADE=EMEGD% J@@P% EI=AS=AJR% @?% QG=AJ% EI@MJIE\M>R% P@GD% A@E%DI@`%D@%<MLI%=A%EIG%E=<G%@?%;EEGAE=@A%.%I;CG%DHGAE%@A%EI=AS=AJ%;Q@ME%;% H?@Q>G<% ;D% =E% DI@`D% =A%<N% ?GDH@ADG% E@`;?PD% P=\\G?GAE% D=EM;E=@AD0%Vv;w%HG?D@AiD% EI@MJIE\M>AGDD%`=>>% DI@`% =EDG>\R% ;<@AJ%@EIG?% EI=AJDR% =A%`I;E%DIG%$,C&5% E@%QG%;%H?@Q>G<R%;D%`G>>%;D% =A%IG?%7,)%@\% EI=AS=AJ%EIG%H?@Q>G<D% EI?@MJI_X% a"G?EeQG?J% 6FF2R% 88b% $IG% EI@MJIE\M>% HG?D@AiD%;LE=@AD%<=JIE% GCGA% QG% LI;?;LEG?=eGP% QN% -#$% AGGP=AJ! E@% EI=AS% EI=AJD%EI?@MJIR%`I=>G%EIG%AGGP%E@%EI=AS%;Q@ME%`I;E%E@%P@%=A%;%D=EM;E=@A%;AP%A@E%=<<GP=;EG>N%DGG=AJ%`I;E%=D%PG<;APGP%@\%@AG%<;N%DI@`%;A@EIG?iD%EI@MJIE>GDDAGDD_% a"G?EeQG?J% 6FF2R% 88b% "G% ;>D@% H@=AED% E@% EIG% <@?;>%P=<GAD=@A% E;>S=AJ% ;Q@ME% VEI=AS=AJX% ;AP% VQG=AJ% ?G;D@A;Q>GX% I;D% =A%EIGDG% L@AEGgED_% $IG% =A^MALE=@A% E@% VQG% ?G;D@A;Q>GX% =D% A@E% ;% L;>>% E@%MAPG?J@%LG?E;=A%?;E=@A;>%H?@LGDDGDR%E@%P?;`%H?@HG?%L@AL>MD=@ADR%QME%E@%DGG% EI=AJD% =A%;% LG?E;=A%`;NR% E@% ?GL@JA=eG% EIG%AGGP% E@% E;SG%@A% LG?E;=A%;LE=@ADR%;QDE;=A%\?@<%=AD=DE=AJ%@A%LG?E;=A%?=JIED%@?%=AEG?GDEDR%;AP%D@%@A_%%

$IG% =AD=JIE% EI;E% G<@E=@AD% =A% D@<G% D=EM;E=@AD% ;?G% CG?N%<MLI% >=SG%EI@MJIEDR% EIGAR%H@=AED% =A%E`@%P=?GLE=@AD_% .E%P@GD%A@E%@A>N%EI?@`%>=JIE%@A% EIG% L@ALGHE% @\% G<@E=@AR% QME% ;>D@% ;DSD% \@?% ;% DG?=@MD% ?GC=D=@A% @\%LG?E;=A% L@ALGHE=@AD% @\% ?;E=@A;>=EN% =A% HI=>@D@HINR% ;AP% =A% @M?%MAPG?DE;AP=AJ%@\%EI=AS=AJ%;D%;%`I@>G_%&CGA%=\%EIG?G%;?G%E=<GD%;E%`I=LI%.%<;N%EI=AS%EI;E%.%I;CG%a?Gb;LEGP%;J;=ADE%<N%QGEEG?%^MPJG<GAER%`G%`=>>%DGG% EI;E% EI=D% P@GD% A@E% AGLGDD;?=>N% <G;A% EI;E% EIG% QGDE% ^MPJG<GAE% =D%;>`;ND% L@ADE=EMEGP% QN% ;% ?;E=@A;>% ?GDH@ADG% =A% EIG% DGADG% HI=>@D@HIG?D%I;CG% H=LEM?GP% ?;E=@A;>=EN_% $I;E% H=LEM?G% `=>>% ?;EIG?% H?@CG% E@% QG%H?@Q>G<;E=L%=A%<;AN%`;ND_%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%5c%/GG%;>D@%KLK=>>;A%a713mR%mF\b_%5m%:@<H;?G% EIG% \@>>@`=AJ%D=JA%;E%/`GP=DI%DMQ`;N%E?;=AD0%X$I=AS%;Q@ME% EIG%P=DE;ALG%QGE`GGA%EIG%E?;=A%;AP%EIG%H>;E\@?<%`IGA%N@M%DEGH%@\%EIG%E?;=A_X%!I;E%`G%;?G%;DSGP%E@%P@%IG?G%=D%A@E%E@%MAPG?J@%LG?E;=A%H?@LGDDGDR%QME%E@%E?G;P%L;?G\M>>N%`IGA%DEGHH=AJ%@ME_%

& 2# % + # $ !

!

@ B !

:@JA=E=CG% ;LL@MAED% H?=<;?=>N% P=DLMDD% L@AP=E=@AD% \@?% ?;E=@A;>>N%GgHG?=GAL=AJ% ;A% G<@E=@A% EI;E% L@M>P% QG% L;>>GP% @#-.4$4#-5! #*!,HH(#H(4,$&-&55_% $IGN% ;EEG<HE% E@% DI@`% `I;E% @Q^GLED% L@M>P% L@MAE% ;D%;HH?@H?=;EG%@Q^GLED%@\%P=\\G?GAE%G<@E=@AD_%!I;E%DI@M>P%`G%QG%;\?;=P%@\%@?%;AJ?N%;Q@MER%;AP%I@`%;\?;=P%@?%;AJ?N%DI@M>P%`G%QGZ%+APGA=;Q>NR%EI=D%=D%@AG%P=<GAD=@A%@\%@M?%E;>S=AJ%;Q@ME%G<@E=@AD%;AP%EIG%L?=E=L=D<D%`G%;E% ;?G%P=?GLE=AJ%;E% EIG<%;E% E=<GD_% .%<;N%`@APG?%`IN%N@M%;?G% D@%;AJ?N%;E%D@<GEI=AJ%.%L@AD=PG?%;%<G?G%AM=D;ALGR%@?%GCGA%Q>;<G%N@M%\@?%A@E%QG=AJ%;AJ?N%GA@MJI%;E%D@<GEI=AJ%G>DGR%D;NR%EIG%=AGBM;>=EN%@\%<GA%;AP%`@<GA%@?%EIG%GgH>@=E;E=@A%@\%EI=?P%`@?>P%L@MAE?=GD_%V"@`%L@M>P%N@M%QG%D@%L@@>%`IGA%HG@H>G%;?G%QG=AJ%E?G;EGP%>=SG%EI;EoZX%%

!I;E% .% I;CG% E?=GP% E@% DI@`R% I@`GCG?R% =D% EI;E% ;% P=\\G?GAE% DGE% @\%L@AP=E=@AD% =D% ;D% =<H@?E;AER% =\% A@E% <@?GR% `IGA% =E% L@<GD% E@%MAPG?DE;AP=AJ% EIG% G<@E=@AD_%!G% L@M>P% L;>>% EIGDG% @#-.4$4#-5! #*! 5&-5&<!$IG% BMGDE=@A% =D% A@E% @A>N% `I;E% =E% E;SGD% E@% L@AD=PG?% ;% H;?E=LM>;?%G<@E=@A;>% ?GDH@ADG% ^MDE=\=GP% @?%A@ER% QME%`I;E% =E% E;SGD% E@%MAPG?DE;AP%D@<GEI=AJ% ;D% ;% H;?E=LM>;?% G<@E=@A% =A% EIG% \=?DE% H>;LG_% }MGDE=@AD% @\%^MDE=\=L;E=@A%@?%?;E=@A;>=ENR%;D%=E%`G?GR%;?G%DGL@AP;?N%E@%EIG%BMGDE=@A%@\%EIG%'&,-4-+*08-&55!@\%;A%G<@E=@A_%%

$I=D%;>D@%DIGPD%AG`%>=JIE%@A%EIG%S=AP%@\%P=DL?GH;AL=GD%EIG?G%<;N%QG%QGE`GGA%EIG%G<@E=@A;>%?G;LE=@AD%@\%P=\\G?GAE%HG@H>G_%.A%EIG%Q;LS`;EG?%@\% L@JA=E=CG% EIG@?=GD% `G% \=AP% EIG% A@E=@A% EI;E% EIG?G% =D% @A>N% @AG%;HH?@H?=;EG%G<@E=@A;>%?GDH@ADG%E@%EIG%\;LED%@\%;%D=EM;E=@AR%;AP%`I;E%=D%<@?G% EIG% L@AC=LE=@A% EI;E% EIG?G% ;?G% J=CGA% \;LED% E@% ;% D=EM;E=@An% EIG%L@<H>Gg=EN% @\% QG>=G\D% =AC@>CGP% <;N% @A>N% <;SG% EIG<% P=\\=LM>E% E@%P=DLG?A% a$;N>@?%7123R%7824783b_%"@`GCG?R% =E% =D% ?;EIG?%;% LI;?;LEG?=e=AJ%\G;EM?G%@\% EIG%G<@E=@AD% EI;E% =E% =D%H@DD=Q>G% E@% \=AP%DGCG?;>%<G;A=AJ\M>%HG?DHGLE=CGD% @A% ;% D=EM;E=@A_% $IGDG% ;?G% P=\\G?GALGD% EI;E% L@JA=E=CG%EIG@?=GD% =ADM\\=L=GAE>N% DMLLGGP% E@% PGDL?=QG_% $I=D% =D% ;>D@% E?MG% \@?% EIG%S=AP%@\%P=\\=LM>E=GD%`=EI%`I=LI%E`@%HG@H>GR%`I@%?GDH@AP%P=\\G?GAE>N%E@%;%D=EM;E=@AR%<;N%QG%L@A\?@AEGP_%%

:G?E;=A>N%EIG?G%;?G%D=EM;E=@AD%=A%`I=LI%`I;E%=E%=D%AGGPGP%\@?%<G%E@%LI;AJG% <N% <=AP% ;Q@ME% EIG% <G;A=AJ% @\% ;% D=EM;E=@A% =D% D=<H>N% <@?G%\;LED_%.%;<%;AJ?N%;E%;%L@>>G;JMG%\@?%A@E%I;AP=AJ%=A%IG?%DI;?G%@\%;%H>;A%;E% ;% DGEE>GP% P;EGR% EI=AS=AJ% EI;E% EI=D% =D% ^MDE% ;A@EIG?% ;DHGLE% @\% IG?%L@ADE;AE% D>@HH=AGDD% ;AP% >;LS% @\% E;S=AJ% EI=AJD% DG?=@MD>N_% ';EG?% .% \=AP%@ME% EI;E% DIG%`;D% H?GCGAEGP% E@% P@% EIG%`@?S% QGL;MDG% @\% D@<G% \;<=>N%H?@Q>G<D_% .% ;<% DE?MLS% QN% ?G<@?DG% ;E% <N% H?GC=@MD% ;AJG?R% \=AP=AJ% =E%A@`%E@%QG%E@@%I;?DI%;AP%L;>>@MD%;%?GDH@ADG_%"G?GR%@AG%<=JIE%`;AE%E@%D;N% EI;E% .% `;D% A@E% ^MDE=\=GP% =A% QG=AJ% ;AJ?N% ;E% <N% L@>>G;JMGR% @?% A@E%^MDE=\=GP%=A%QG=AJ%;AJ?N%E@%EIG%GgEGAE%EI;E%.%`;D_%%

-# ! : # 7 ! ) & 6 + & 0 & ! + $ ! 6 # 0 & !

!

@ I !

$IG?G% ;?GR% I@`GCG?R% @EIG?% D=EM;E=@AD% =A%`I=LI%<N% H?@Q>G<D%`=EI%QGL@<=AJ%L>G;?%;Q@ME%EIG%<G;A=AJ%@\%;%D=EM;E=@A%E;SG%;%P=\\G?GAE%\@?<_%$IG?G% =D% ;% DGADG% =A% `I=LI% `G% L;A% D;N% EI;E% Q@EI% @\% l@D;<@AP% ;AP%'NPJ;EG%;?G%;`;?G%@\%LG?E;=A%\;LED%=A%EIG=?%D=EM;E=@A_%"G%`;AEGP%E@%DG>>%EIG%I@MDG_%/IG%P=P%A@E_%/IG%I;P%`?=EEGA%;% >GEEG?% E@%I=D%MAL>G_%"G%P=P%A@E% SA@`_% jGER% EIG?G% =D% ;A% =<<GADG% P=\\G?GALG% =A% EIG%<G;A=AJ% EIGN%\=AP% =A% EIG<_% /IG%<=JIE% D;NR% V"G% EI?G;EGAGP%<N% DGLM?=EN_% .% E?=GP% E@%DGLM?G% EIG% DE;AP;?P% @\% >=C=AJ% EI;E% .% EI@MJIE% <;??N=AJ% I=<% I;P%H?@<=DGP% <G_X% "G% <=JIE% D;NR% V/IG% P=P% A@E% DGG% EIG% DGCG?=EN% @\% EIG%D=EM;E=@A_%.%E?=GP%E@%?GDLMG%=E_X%$IG=?%P=\\G?GALGD%;>D@%L@<G%E@%DI@`%=A%I@`%EIGN%H@?E?;N%EIG=?%BM;??G>_%/IG0%V"G%`;D%;LE=AJ%MAQGL@<=AJ>N_X%"G0%V/IG%`GAE%QGI=AP%<N%Q;LS_X%%

/MJJGDE=AJ%EI;E%G=EIG?%@\%EIG<%=D%A@E%JGEE=AJ%EIG%\;LED%?=JIE%P@GD%A@E%IG>H%MD%MAPG?DE;AP%EIG%PGHEI%@\%EIG=?%L@A\>=LE_%.E%P@GD%A@E%L;HEM?G%EIG%DGADG% =A% `I=LI% EIGN% L;A% QG% D;=P% A@E% @A>N% E@% I;CG% P=\\G?=AJ% QG>=G\D%;Q@ME% EIG% D;<G% `@?>PR% QME% EIG% DGADG% =A% `I=LI% EIGN% L;A% QG% D;=P% E@%4-%,?4$!.4**&(&-$!7#(8.5_%V$IG%`@?>P%@\%EIG%I;HHN%<;A%=D%;%P=\\G?GAE%@AG%\?@<% EI;E% @\% EIG% MAI;HHN%<;AX% a!=EEJGADEG=A% 711cR% 8_mcb_55% .E% =D% A@E%EI;E%EIGNR%=A%;AN%D=<H>G%DGADGR%<=DMAPG?DE;AP%@?%<;SG%<=DE;SGD%;Q@ME%EIG=?% D=EM;E=@A_% ,G=EIG?% =D% =E% EI;E% EIGN% <G?G>N% C;>MG% EIG% D=EM;E=@A% =A%P=\\G?GAE% `;NDn% 'NPJ;EG% \=AP=AJ% EI;E% VJ@=AJ% QGI=AP% I=D% Q;LSX% =D% ;%EG??=Q>G%EI=AJ%E@%P@R%`I=>G%l@D;<@AP%EI=ASD%=E%=D%HG?\GLE>N%;LLGHE;Q>G_%l;EIG?%EIG=?%`I@>G%BM;??G>%?GC@>CGD%;?@MAP%7%,$%=E%=D%EI;E%G;LI%@\%EIG<%I;P%P@AG_%$IGN%G<Q@PN% E`@%<G;A=AJ\M>%HG?DHGLE=CGD%@A%`I;E% EIG=?%D=EM;E=@A%45_%

KN%H@=AE%=D%A@E%EI;E%EIG?G%=D%A@%?@@<%E@%L?=E=L=eG%EIG=?%?G;LE=@ADR%@?%EI;E% `G% <;N% AGCG?% ?G;LI% ;% H@=AE% ;E% `I=LI% `G% <;N% D;NR% V,@`%`G%SA@`%`I;E% ?G;>>N% I;HHGAGPX_%!G%<;N%`G>>% \=AP% ;% PGDL?=HE=@A% EI;E%Q?=AJD% MD% HG;LG_% $IG% E?;JGPN% @\% DHG;S=AJ% ;Q@ME% EIG<% =AI;Q=E=AJ%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%55% $I=D% =D% ;>D@% H@=AEGP>N% GgH?GDDGP% =A% ;% P=;>@JMG% EI;E% OGEG?% !=ALI% Q@??@`D% \?@<%/@>eIGA=EDNAiD%Q@@S%G,-@&(!M,(._%$IG%E`@%<GA%=A%=E%Q@EI%QG>=GCG%EIGN%;?G%PN=AJ_%*AG%@\% EIG<R% V(@DE@J>@E@C% ax)@AGLIG`G?ib% I;D% QGGA% ?G;P=AJ%$@>DE@NiD%M%,$!:&-!Q43&!R)!;AP%=D%PGGH>N%=<H?GDDGP%QN%=EX_%"G%EG>>D%EIG%@EIG?0%VijG\?G<%___%EI;EiD%GA@MJI%@\%N@M?%`I=A=AJ% t%IG?G% ?G;P% EI=D% Q@@S_i% xlG;P%`IN% DI@M>P% .% ?G;PR%`Gi>>% ;>>% S=LS% EIG% QMLSGE%D@@A_i%)@AGLIG`G?iD%Q@AG%E`=ELIGP_%$I;EiD% EIG%H@=AE_% .\%N@M%P@AiE%IM??NR%N@Mi>>%I;CG%S=LSGP%EIG%QMLSGE%QG\@?G%N@MiCG%?G;P%=Eo%"G?G%N@M%;?G_%}M=LSoiX%a!=ALI%7132LR%cFb%%!=ALI%D;NDR%V.E%=D%A@E%EI;E%jG\?G<%;AP%(@DE@J>@E@C%A@E=LG%P=\\G?GAE%EI=AJD%;Q@ME%EIG=?%D=EM;E=@A_% l;EIG?% EIG=?% D=EM;E=@AD% <;SG% ;A% GAE=?G>N% P=\\G?GAE% D@?E% @\% DGADG% a@?% =A%jG\?G<iD%L;DGR%>;LS%@\%DGADGb%E@%G;LI%@\%EIG<X%a7132LR%cFb_%!IG?G;D%)@AGLIG`G?%DGGD%;%<G;A=AJ%=A%P@=AJ%EI=AJD[4S=%^MDE%QGL;MDG%IG%`=>>%A@E%>=CG%>@AJR%EI=D%<;SGD%>=\G%;HHG;?%<G;A=AJ>GDD%E@%jG\?G<_%

& 2# % + # $ !

!

@ C !

`@?>PD% EI;E% P@% A@E%<GGER% =A% @AG% DGADG% @\% V`@?>PX% @\% L@M?DGR% =D% EI;E%EIGNR% =A% ;A@EIG?% DGADG% @\% EIG% `@?PR% L>G;?>N% >=CG% =A% EIG% D;<G% `@?>P_%!I;E%.%`;AE%E@%DI@`%=D%?;EIG?%EIG%=>>MD=@A%=A%EI=AS=AJ%EI;E%EIG?G%L@M>P%QG%#-&!-&0$(,8!.&5@(4H$4#-%`=EI%?G\G?GALG% E@%`I=LI%`G%L@M>P%@ALG%;AP%\@?%;>>%^MPJG%`IGEIG?%EIG=?%G<@E=@AD%;?G%=A%H>;LG%@?%A@E_%%

&CGA%=\%.R%;D%;%?G;PG?R%<;N%\GG>%EI;E%l@D;<@AP%`;D%=A%EIG%`?@AJpVDIG%?G;>>N%P=P%J@%QGI=AP%I=D%Q;LSXpEI=D%L@AC=LE=@A%=D%;>D@%GgH?GDD=CG%@\% <N% @`A% \GG>=AJD% =A% EIG% <;EEG?_% #D% .% ?G;P% @AR% .% ;<% J?=HHGP% QN%'NPJ;EGiD% J?@`=AJ% PGDHG?;E=@A% ;E% IG?% >;LS% @\% MAPG?DE;AP=AJR% .%GgHG?=GALG%=E%<NDG>\_%!G%L@M>P%GCGA%D;N%EI;E%<N%;Q=>=EN%E@%MAPG?DE;AP%'NPJ;EGiD%;AJG?%H?GDMHH@DGD%<N%@`A%;Q=>=EN%E@%?G;LE% E@%I=D%D=EM;E=@A%@?%D=<=>;?%D=EM;E=@AD%`=EI%;AJG?_%&CGA%QG\@?G%EIG=?%L@A\?@AE;E=@A%`IGA%.% >G;?A% `I;E% l@D;<@AP% =D% MH% E@R% <N% =??=E;E=@A% J?@`DR% .% ;AE=L=H;EG%'NPJ;EGiD%?GDH@ADG%;D%IG%\=APD%@MER%\@?%=E%=D%;>D@%<N%?GDH@ADG_%%

$I=D% =D%-#$% ;%<G;AD% @\% H=A=AJ% P@`A% L?=EG?=;% \@?% I@`%`G% L@<G% E@%?GL@JA=eG%D@<GEI=AJ%;D%;%H;?E=LM>;?%G<@E=@AR%58%A@?%;%L>;=<%EI;E%EIG?G%=D% ;AN% @AG% `;N% =A% `I=LI% `G% <;N% L@<G% E@% P@% EI=D_% .E% =D% ?;EIG?% ;%?G<=APG?% EI;E% EIG% ;EE?=QME=@A% @\% G<@E=@A;>% L@ALGHEDR% ;AP% EIG=?%;DD@L=;EGP%PGDL?=HE=@ADR%I;D%<G;A=AJ% =A%H;?E=LM>;?% L@AEGgED% =A%`I=LI%`G%@M?DG>CGD% E;SG%H;?E%;D% G<Q@P=GP%IM<;A%QG=AJD_% .\% .%`G?G%A@E% ;A%G<@E=@A;>% QG=AJ%<NDG>\% =E%`@M>P% QG% MAL>G;?%`I;E% =E%`@M>P%<G;A% E@%MAPG?DE;AP% ;A@EIG?iD% ?G;LE=@A% ;D% V;AJG?XR% V^@NX% @?% V>@CGXR% @?%`@?PD%DMLI% ;D% V\G;?\M>X% VMA^MDEX% VJ@@PX% @?% VEI?G;EGA=AJX_% #% `I@>G%C@L;QM>;?N% @\% `@?PD% DMLI% ;D% V^MDEXR% VMA^MDEXR% VQG;ME=\M>XR% VMA\;=?XR%;AP% ;% C;?=GEN% @\% H?;LE=LGDR% DMLI% ;D% VQ>;<=AJXR% V;LLMD=AJX% ;AP%VH?;=D=AJXR%J?@`D%@ME%@\%@M?%G<@E=@A;>%?G;LE=@AD_%$I=D%P@GD%A@E%<G;A%EI;E%`G% AGGP% E@% J=CG% MH% PGDL?=Q=AJ% l@D;<@AP% ;D% J@=AJ% QGI=AP% IG?%IMDQ;APiD%Q;LS%D=ALG%=E%=D%E@@%L@>@M?GP%QN%G<@E=@AD_%.APGGPR%EI=D%<;N%QG% EIG% QGDE% PGDL?=HE=@A%@\% EIG% D=EM;E=@A%`G%<;N%QG% ;Q>G% E@% J=CG_% $IG%H?@Q>G<% ?;EIG?% >=GD% =A% EIG% ;DDM<HE=@A% EI;E% EI=D% PGDL?=HE=@A% =D%D@<GI@`%\;>>=Q>G%QGL;MDG%=E%=D%GgH?GDD=CG%@\%G<@E=@A_%%

.E% =D%;>D@%P=\\=LM>E% E@%DGG%`I;E%L@M>P%L@ADE=EMEG%;A%;>EG?A;E=CG% E@% =E_%KN%?G<;?SD%;Q@ME%EIG%`;ND%=A%`I=LI%<N%PGDL?=HE=@AD%@\%EIG%D=EM;E=@A%<;N%QG%?GCG;>=AJ%@\%<N%G<@E=@AD%=A%=ER%`G?G%<G;AE%E@%DI@`%EI;E%@M?%G<@E=@A;>% C@L;QM>;?N% P@GD% A@E% @A>N% L@<H?=DG% L@ALGHED% EI;E% ;?G%P=?GLE>N% L@ALG?AGP% `=EI% G<@E=@A4`@?PD% DMLI% ;D% V;AJG?XR% V^@NXR%V>@CGXR% VI;EGXR% ;AP% D@% @AR% QME% ;>D@%`=EI% GgH?GDD=@AD% DMLI% ;D% VJ@=AJ%QGI=AP% D@<G@AGiD% Q;LSXR% VQGI;C=AJ% MAQGL@<=AJ>NX% @?% V;LE=AJ%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%58%:\_%LI;HEG?%7_%

-# ! : # 7 ! ) & 6 + & 0 & ! + $ ! 6 # 0 & !

!

@ = !

DGL?GE>NX_% $?N=AJ% E@% \=AP% ;% PGDL?=HE=@A% EI;E% `;D% QG% \?GG% @\% DMLI%G<@E=@A;>% L@AA@E;E=@ADR% `@M>PR% =A% EI=D% ?GDHGLER% <G;A% ?G>G;D=AJ%@M?DG>CGD%\?@<%<@DE%@\%EIG%`;ND%=A%`I=LI%@M?%>=\G%<;SGD%DGADG%E@%MD_%$I=AS=AJ% ;Q@ME% `I;E% =E% <;N% <G;A% E@% ?GH>;LG% DHG;S=AJ% ;Q@MER% D;NR%V\?@`A=AJXR% VD<=>=AJXR% VDI?MJJ=AJXR% V`=AL=AJX% `=EI% ;% ?GH@?E% @\%Q@P=>N%<@CG<GAED%@?%HIND=@JA@<NR%`G%<;N%;>D@% EI=AS% EI;E%DMLI%;A%;EEG<HE%`@M>P%PGH?=CG%@M?%>=\G%@\%;>>%EI;E%=D%@\%D=JA=\=L;ALG%E@%MD%=A%=E_52%%

$IG% L@JA=E=CG% ;LL@MAEDR% EIGAR% \;=>% E@% ;LSA@`>GPJG% EI;E% `I;E% EIG%D=EM;E=@A%45%L;AA@E%QG%PGEG?<=AGP%=APGHGAPGAE>N%@\%@M?%G<@E=@AD%=A%=E_%$I=D%=D%;A%;DHGLE%@\%EIG%H?=<;?N%?@>G%EIGN%;DD=JA%E@%\@?<=AJ%L@??GLE%@?%^MDE=\=GP% QG>=G\D% @?% ^MPJG<GAED% ,?#0$! EIG% `@?>P% =A% PGDL?=Q=AJ% @M?%?G>;E=@ADI=H% E@% =E_% .E% =D% ;% LI;?;LEG?=DE=L% \G;EM?G% @\% ;E% >G;DE% $;N>@?iD%;LL@MAE%EI;E%DIG%LGAE?GD%@A%I@`%E;>S=AJ%;Q@ME%EIG%@Q^GLED%@\%G<@E=@AD%<;N%\MALE=@A%;D%;%?G;D@A%\@?%I@>P=AJ%LG?E;=A%QG>=G\D%;Q@ME%EIG%`@?>Pp?;EIG?% EI;AR% D;NR% ;D% ;% ?G;D@A% \@?% \GG>=AJ% LG?E;=A% `;NDR% DMLI% ;D%P=DE?;MJIE% ;E% \=AP=AJ% @ME% ;Q@ME% EIG% PG;EI% @\% ;% >@CGP% @AGR% ;AP%\M?EIG?<@?G%;D%;%?G;D@A%\@?%;LE=AJ%;AP%?G;LE=AJ%=A%LG?E;=A%`;NDR%DMLI%;D%L@<\@?E=AJ%N@M%=A%N@M?%J?=G\_53%a:\_%:@LSQM?A%7112R%m74m1b%$I=D%\;=>D%E@%Q?=AJ%@ME%I@`%G<@E=@ADR%EIG<DG>CGDR%;?G%,5H&@$5!#*%EIG%`@?>P_%$IGN%EG>>%MD%D@<GEI=AJ%;Q@ME%EIG%`;N%`G%;D%IM<;AR%;AP%G<@E=@A;>R%QG=AJD%;?G%4-%EIG%`@?>P_%.E%=D%A@E%L>G;?%`I;E%EIG%`@?>P%`@M>P%QG%`=EI@ME%EIGDG%`;ND%@\%QG=AJ%=A%=E_%%

!@?S=AJ%`=EI=A% BM=EG% ;% P=\\G?GAE% \?;<G`@?S% EI;A%<@DE% L@JA=E=CG%EIG@?=DEDR% WG;A4O;M>% /;?E?G% a6FFmb% DH@SG% @\% G<@E=@AD% ;D% V<;J=L;>%E?;AD\@?<;E=@ADX%@\%EIG%`@?>P_%&CGA%EI=D%\@?<M>;E=@A%>G;CGD%E@@%Q=J%;%J;H%QGE`GGA%`I;E%EIG%`@?>P%=D%;AP%`I;E%`G%<;SG%@\%=E_%#%QGEEG?%`;N%@\%HMEE=AJ% =E%L@M>P%QG% EI;E%G<@E=@AD%H?@C=PG%MD%`=EI%@AG%Gg;<H>G%@\%I@`% `G% ;?G% L@ADE=EME=CG>N% &-+,+&.! 4-% EIG% `@?>PR51% EI;E% =DR% =A% `I;E%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%52%WMDE%EI=AS%@\%EIG%\GG>=AJ%@\%P?G;P%;AP%;>=GA;E=@A%EI;E%<;N%DE?=SG%N@M%=A%D=EM;E=@AD%@\%GgE?G<G%DE?GDD%=A%`I=LI%EIG%MDM;>%<G;A=AJ%N@M%DGG%=A%;LE=@AD%=D%<=DD=AJ_%.ADEG;P%@\%;%\?=GAP>N% \;LGR%N@M%DGG%MAL@@?P=A;EGP%<@CG<GAEDR% =ADEG;P%@\%C@=LGD%DHG;S=AJ% E@%N@MR%N@M% P=DLG?A% A@EI=AJ% QME% A@=DGD_% l;EIG?% EI;A% \=AP=AJ% EI;E% EI=D% Q?=AJD% N@M% L>@DG?% E@%`I;E%V?G;>>NX%I;HHGADR%N@M%<;N%EI=AS%EI;E%=E%=D%<@?G%?GCG;>=AJ%@\%`I;E%=E%<;N%<G;A%E@%>@DG%@AGiD%DGADG%@\%?G;>=EN_%%53%$IG%;LL@MAE%@\%G<@E=@AD%;D%^MPJG<GAED%DGG<D%E@%L;HEM?G%EI=D%;DHGLE%@\%EIG%G<@E=@AD%QGEEG?%EI;A%EIG%;LL@MAE%@\%EIG<%;D%QG>=G\D_%.A%G<HI;D=e=AJ%EIG%`;ND%=A%`I=LI%G<@E=@AD%L;A% QG% DGGA% ;D% ;LE=@AD% /@>@<@A% a713Fb% G_J_% Q?=AJD% @ME% I@`% EIGN% =A% ;% DGADG% ;?G%D@<GEI=AJ%`G%P@R%`G%<;SG%;%^MPJG<GAE_%%%51%.A%I=D%\=A;>%`@?S%@A%G<@E=@AD%/@>@<@A%a6FF2b%MDGD%;><@DE%EIG%Gg;LE%`@?P=AJ%`IGA%IG% DHG;SD%@\% G<@E=@AD%;D%VGAJ;JG<GAED%`=EI% EIG%`@?>PX_%"=D%P=DLMDD=@A% EIG?GR% ;>D@%E;SGD%;%<MLI%Q?@;PG?%;HH?@;LI%E@%EIG%DMQ^GLE%@\%G<@E=@AR%\@LMD=AJ%<MLI%<@?G%@A%EIG%

%

& 2# % + # $ !

!

@ H !

I;HHGAD% E@% @M?DG>CGD% ;AP% E@% @EIG?% HG@H>G_% .A% @HH@D=E=@A% E@% EIG%EI@MJIE% EI;E% =E% =D% H@DD=Q>G% E@% >;N% Q;?G% ;>>% EIG% \;LED% @\% EIG% `@?>PR%=APGHGAPGAE>N%@\%@M?%@`A%L@ALG?ADR%`G%DI@M>P%?G<G<QG?%EI;E%`I;E%=E%<G;AD%E@%?G\G?%E@%LG?E;=A%\;LED%L;AA@E%QG%MAPG?DE@@P%=APGHGAPGAE>N%@\%EIG% 4'H#($,-@&% ;AP% (&8&3,-@&% EIGN%I;CG% E@%MD% =A%@M?% >=\G% ;AP%PG;>=AJD%`=EI% G;LI% @EIG?_% .% D;NR% V.EiD% ?;=A=AJ% @MED=PG% aD@% N@M% DI@M>P% E;SG% ;A%M<Q?G>>;%`=EI%N@MobXR%@?%V/IGiD%?G;>>N%MHDGE%aD@%P@AiE% ^MDE%?;AE%;Q@ME%N@M?%@`A%H?@Q>G<D%`IGA%N@M%J@%;AP%DGG%IG?b_X%%

#%D=EM;E=@AR%=A%@EIG?%`@?PDR%=D%A@E%D=<H>N%EIG?G%\@?%MD%E@%?G;LE%MH@A_%!I;E%C4-.% @\% D=EM;E=@A% =E% =DR% =A%;D% \;?%;D% =E%QG;?D%@A%@M?%G<@E=@AR% L;A%@A>N%QG%DGGA%EI?@MJI%@?%=A%?G>;E=@A%E@%@M?%G<@E=@AR%%#7%`G%?GDH@AP%E@%=ER%7%#%`G%;?G% =A% =E_%#%BM=EG% L@<<@A%Gg;<H>G%@\% EI=D% =D% EIG% DGADG% =A%`I=LI%D@<G@AGiD%;AJ?N%?G;LE=@A%L;A%?GCG;>%E@%<G%;%D=EM;E=@A%;D%MA\;=?%EI;E% .% P=P% A@E% ?GJ;?P% =A% EI;E% >=JIE% QG\@?GR% @?% =A% ;AN% >=JIE% ;E% ;>>_%/MPPGA>N% .% DGG% EIG% DG>\=DIAGDD%;AP%L?MG>EN% =A% D@<G@AGiD%;LE=@ADR%;AP%EIG%MAG;D=AGDD%@\%EI@DG%`I@%P@%A@E%SA@`%`I;E%E@%HME%MH%;J;=ADE%=E_%.%;<% P?;`A% =AE@% ;% D=EM;E=@A% EI;E% .% P=P% A@E% HG?LG=CG% QG\@?G_% $I=D% ;>D@%DI@`D% EIG% =<H@?E;AE% DGADG% =A% `I=LI% .% <;N% 8&,(-% D@<GEI=AJ% \?@<%,-#$%&(W5!?G;LE=@AD%;AP%A@E%@A>N%\?@<%<N%@`A_%%

$IG?G%=DR%;D%=E%`G?GR%;A%4-.&$&('4-,@)%=A%;%D=EM;E=@A%;AP%EIG%<G;A=AJR%@?%<G;A=AJDR%`G% L;A% DGG% =A% =E_% $I=D% =APGEG?<=A;LN% =D% =A%<;AN%`;ND%L@ADE=EME=CG%@\%@M?%>=\G%`=EI%G<@E=@ADR%@?%@\%@M?%>=\G%@A%EIG%`I@>G_%*AG%<=JIE%`G>>%`@APG?%`I;E% @M?% >=\G%`@M>P% QG% =\% EIG?G%`G?G% AGCG?% ;AN%P=D;J?GG<GAED%;Q@ME%`I;E%=D%J@=AJ%@A%=A%;%D=EM;E=@A_%!I;E%=\%`G%AGCG?%D;`%EI=AJD%P=\\G?GAE>Nn%`I;E%=\%`I;E%N@M%D;N%@?%DGG%AGCG?%DE?MLS%<G%;D%?G<;?S;Q>G% @?% >MP=L?@MDR% H?@\@MAP% @?%`@?EI% L@AD=PG?=AJZ%!I;E% =\% .%AGCG?% I;P% EIG% DGADG% @\% \=AP=AJ% AG`% <G;A=AJD% =A% D@<GEI=AJ% EI;E% .%EI@MJIE%`;D%L@<H>GEG>N%L>G;?%E@%<G%QN%E;>S=AJ%E@%;%\?=GAPR%>=DEGA=AJ%E@%;%H=GLG%@\%<MD=LR%QG=AJ%<@CGP%QN%D@<G@AGiD%\;EGZ%%

,@AGEIG>GDDR%=E%=D%A@E%P=\\=LM>E%E@%DGG%`IN%EIG%EG<HE;E=@A%E@%>@@S%\@?%;%AGME?;>%HG?DHGLE=CG%<;N%QG%J?G;E%`IGA%P=DLMDD=AJ%G<@E=@AD_%$IG?G%;?G%E=<GD%;E%`I=LI%`G%<;N%\GG>%EIG%HM>>%@\%GgH?GDD=@AD%DMLI%;DR%Vj@M?%G<@E=@AD% ;?G% ?MAA=AJ% ;`;N% `=EI% N@MXR% @?R% V"=D% G<@E=@A;>%=AC@>CG<GAE% =A% EIG% D=EM;E=@A% P=DE@?EGP% I=D% ^MPJG<GAEX_% $IG%P=DL?GH;AL=GD%EIG?G%<;N%QG%=A%P=\\G?GAE%HG@H>GiD%?G;LE=@AD%;D%`G>>%;D%=A%<N% @`A% ?G;LE=@AD% E@% `I;E% I;D% I;HHGAGP% @CG?% E=<GR% @?% GCGA% EIG%P=\\G?GAE% HG?DHGLE=CGD% EI;E% <;N% H?GDGAE% EIG<DG>CGD% =A% <N% @`A%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%P=DE=ALE=@AD% EI;E% L;A% QG% <;PG% QGE`GGA% P=\\G?GAE% G<@E=@AD% ;AP% `=EI=A% =AP=C=PM;>%G<@E=@ADR%EI;A%@A%EIG=?%JGAG?;>%LI;?;LEG?%;D%^MPJG<GAED_%

-# ! : # 7 ! ) & 6 + & 0 & ! + $ ! 6 # 0 & !

!

@ @ !

?GDH@ADGD%E@%;%H;?E=LM>;?%D=EM;E=@AR%?;=DG%EIG%BMGDE=@A%;Q@ME%`I;E%EIG%D=EM;E=@A% =D% =A% `;ND% =A% `I=LI% =E% @\EGA% P@GD% A@E% ;?=DG% =A% V\;LEM;>X%<;EEG?D_%'@@S=AJ%Q;LS%;E%<N%;AJG?R%.%DGG%EI=AJD%P=\\G?GAE>N%EI;A%.%P=P%EIGA_%$IGDG%;?G%L;DGD%=A%`I=LI%.%<;N%EI=AS%EI;E%<N%;AJG?%@,05&5%<G%E@%?GH?GDGAE% EIG% D=EM;E=@A% =A% ;% `;N% EI;E% J=CGD% <G% ?G;D@A% E@% QG% ;AJ?NR%?;EIG?%EI;A%=E%H?GDGAED%<G%`=EI%;AN%;PGBM;EG%?G;D@AD%\@?%QG=AJ%;AJ?N_%.%E?N%E@%<;SG%EIG%`@?>P%L@A\@?<%E@%<N%G<@E=@A;>%DE;EGR%E@%Q?=PJG%`I;E%@EIG?DR% ;AP% .R% =A%?GE?@DHGLER%<;N% ?GJ;?P%;D%;A%;HH;?GAE%J;H%QGE`GGA%<N%G<@E=@AD%;AP%EIG%`@?>P_%%

!I;E% .%I;CG%`;AEGP% E@%;?JMGR%I@`GCG?R% =D% EI;E% =E% =D%<=D>G;P=AJ% E@%EI=AS% EI;E% EIG% @A>N% `;N% @\% L?=E=L=e=AJ% EI=D% S=AP% @\% G<@E=@A;>>N%P=DE@?EGP% MAPG?DE;AP=AJ% =D% \?@<% ;% P=DGAJ;JGP% H@D=E=@AR% \?GG% \?@<%G<@E=@AD_% &CGA% =\% .% <;N% \GG>% EIG% AGGP% E@% P=DE;ALG% <NDG>\% \?@<% <N%;AJG?% =A% L;DGD% DMLI% ;D% EIG% @AG% ;Q@CGR% =E% =D% \?@<% EIG% HG?DHGLE=CG% @\%;AJG?%EI;E%.%EI=AS%EI;E%<N%;AJG?%`;D%A@E%L;>>GP%\@?_%/@<G@AG%MA;Q>G%E@%\GG>% ;AJG?%`@M>P% A@E% MAPG?DE;AP%`I;E% EIG% BMGDE=@A%`;D% ;Q@ME_% $IG%BMGDE=@AR% EIGAR% =D%`I;E%S=APD% @\% G<@E=@AD%<N%HG?DHGLE=CG% GgH?GDDGDR%;AP% QGI=AP% `I;E% S=AP% @\% MAPG?DE;AP=AJ% @\% EIG% D=EM;E=@A% ;AP%L@ADGBMGAE>N%`I;E%G<@E=@AD%.%`;AE%E@%DE;AP_%.D%<N%`@?>P%\M>>%@\%^@N%@?%;AJG?R%H?=PG%@?%P=D;HH@=AE<GAER%I@HG%@?%Q=EEG?AGDDR%>@CG%@?%I;EGZ%%

)N% L@AE?;DE% E@% EIG% H?=<;?=>N% GH=DEG<@>@J=L;>% H@=AE% @\% C=G`% \?@<%`I=LI% L@JA=E=CG% ;LL@MAED% ;HH?@;LI% EIGDG% BMGDE=@ADR% .%`;AE% E@% DE?GDD%EIG=?%'#(,8% LI;?;LEG?_% !I;E% .% E;SG% EI=D% E@% <G;A% =D% -#$% EI;E% P=\\G?GAE%QG>=G\D% ;AP% ^MPJG<GAED% ;?G% \@MAPGP% @A%<@?G% L@<H>Gg%<@?;>% QG>=G\D%`I=LI%`G%AGGP%E@%P=DLG?A%;AP%^MPJG%EIG%;HH?@H?=;EGAGDD%@\%=\%`G%`;AE%E@%PGEG?<=AG%`IGEIG?%;%LM??GAE%QG>=G\%=D%^MDE=\=GP%aL\_%$;N>@?%7121R%782b_%/MLI% ;A% ;EEG<HE% E@% ?GPMLG% ;>>% BMGDE=@AD% ;Q@ME% G<@E=@AD% E@% ;% DGE% @\%QG>=G\D% =D% DG?=@MD>N%<=D>G;P=AJ_%*M?%G<@E=@ADR% D@% E@% DHG;SR%P@%A@E% \=E%=AE@% ;% H=LEM?G% @\% ;% E?;ADH;?GAE% L@ADL=@MDAGDDR% QME% Q?=AJ% @ME% EIG%MAL@ADL=@MD%G>G<GAED%@\%@M?%EI=AS=AJ%aL\_%$;AGD=A=%7111b_%.E%=DR%=A%EI;E%DGADGR%A@E%;>`;ND%L>G;?%E@%<G%`IN%.%EI=AS%;%LG?E;=A%`;N_%"@`%.%DGGR%@?%L@<G% E@% DGGR% ;% D=EM;E=@A% =D% A@E% ?GPML=Q>G% E@% ;AN% QG>=G\D% .% <;N% I@>P%;Q@ME%=ER%QME%=D%;A%;DHGLE%@\%`I@%.%;<R%@\%I@`%.%DGG%@?%\GG>%EIG%`@?>P_%$IG?G%L@<GD%;%H@=AE%;E%`I=LI%.%<;N%I;CG%E@%D;NR%V$I=D%=D%`I;E%.%EI=ASR%EI=D%=D%`I;E%.%\GG>_%$I=D%=D%`I@%.%;<_X%%

!I;E% .% E;SG% E@% QG% EIG%<@?;>% BMGDE=@AR% EIGAR% =D% I@`% EI=D% BMGDE=@A%;Q@ME%`I@%.%;<%GAEG?D%=AE@%<N%?G>;E=@ADI=HD%`=EI%#$%&(!HG@H>G_%!I;E%S=APD% @\% ;EE=EMPGD% ;?G% H?GP@<=A;AE% =A% <N% ?G>;E=@ADI=HD% `=EI% @EIG?%HG@H>Gn%;<%.%?GDH@AD=CG%E@%N@M%;AP%N@M?%P=\\G?=AJ%HG?DHGLE=CG%@A%EIG%`@?>PZ%Y@%.R%@?%?;EIG?%P@%.%`;AE%E@R%DGG%=E%;D%<G;A=AJ\M>Z%#<%.%?G;PN%E@%;LLGHE%EIG%=<H>=L;E=@AD%EI=D%<;N%=AC@>CG%\@?%<GZ%.ADEG;P%@\%PGAN=AJ%

& 2# % + # $ !

!

; G G !

EIG% DGADG% =A%`I=LI% .% G<Q@PN% ;%HG?DHGLE=CG% @A% EIG%`@?>PR%<N%<@?;>%E;DS% =D% E@% E;SG% \M>>% ?GDH@AD=Q=>=EN% \@?% EI=D% ?G;>=e;E=@AR% ;AP% \@?%`I;E% =E%<;N%<G;A_%%

l@D;<@AP%;AP%'NPJ;EGiD%H?@Q>G<D%@\%?G;LI=AJ%a@ME%E@b%G;LI%@EIG?R%`G%<;N%D;NR%P@%A@E%>=G%=A%EIG=?%\;=>M?G%E@%MAPG?DE;AP%D@<G%H;?E=LM>;?%EI=AJ_% $IG=?% D=EM;E=@A% `@M>P% A@E% =<H?@CG% QN% EIG<% H;N=AJ% <@?G%;EEGAE=@A% E@% EIG%PGE;=>D%@\% EIG=?% DHGL=\=L%QG>=G\DR% GCGA% =\% ;A%;LL@MAE%@\%`I;E%EIGN%EI@MJIE%I;P%I;HHGAGP%=D%Q@MAP%E@%\=JM?G%=A%;%?GL@AL=>=;E=@A%=A% D@<G%`;N_%$IG=?% \;=>M?G% =D% EI;E% EIGN%P@%A@E%MAPG?DE;AP%&,@%!#$%&(_%$I=D% ?G<;?S% DI@M>P%QG% ?G;P% =A% EIG% >=JIE%@\% EIG%L@AE?;DE% EI;E% .% G;?>=G?%<;PG%QGE`GGA%QG=AJ% ;AJ?N% ;E% 5#'&#-&% ;AP%QG=AJ% ;AJ?N% ;E% 5#'&$%4-+%aEIG%@EIG?%I;D%P@AG%@?%D;=Pb_8F%%

!IGA% .% DHG;S% @\% EIG% L@MH>GiD% P=\\=LM>E=GD% =A% MAPG?DE;AP=AJ% G;LI%@EIG?% IG?GR% =E% =D% A@E% =A% EIG% GH=DEG<@>@J=L;>% DGADG% @\R% V.% P@AiE%MAPG?DE;AP% EI=DX% @?% V.% P@AiE% MAPG?DE;AP% EI;EoX% .E% =D% ?G>;EGP% E@% EIG%<@?;>%PGDHG?;E=@A%@?%@ME?;JG%EI;E%<;N%QG%GgH?GDDGP%=A%L?=GD%DMLI%;DR%V.% P@AiE% JGE% N@MX% @?% Vj@M% P@AiE% MAPG?DE;AP%<GoX%!IG?G;D% EIG% \=?DE%DGADG%H@=AED%E@%EIG%?G>;E=@A%EIGN%I;CG%E@%D@<G%@Q^GLER%EIG%DGL@AP%H@=AED%E@% EIG%S=AP%@\% ?G>;E=@A% EIGN%I;CG%`=EI%G;LI%@EIG?_%!I;E% =D%AGGPGP% =\%EIG=?% D=EM;E=@A% =D% E@% LI;AJGR% `G% L@M>P% D;NR% =D% A@E% =A\@?<;E=@AR% QME%\@?J=CGAGDD_%%

$IG=?% P=\\=LM>EN% @\% L@<=AJ% E@% DGG% EIG% D=EM;E=@A% =A% EIG% >=JIE% @\% EIG%@EIG?iD%MAPG?DE;AP=AJ%@\%=ER%;AP%;LLGHE=AJ%`I;E%<G;A=AJ%?GJ;?P=AJ%=E%=A%DMLI%;%`;N%L@M>P%I;CG%\@?%EIG<R%=D%EIG%P=\\=LM>EN%@\%>=DEGA=AJ%E@%EIG%@EIG?%;AP%E;S=AJ%DG?=@MD>N%EIG%DMJJGDE=@A%EI;E%IG%@?%DIG%L@M>P%J=CG%;%<G;A=AJ\M>% PGH=LE=@A% @\% `I;E% I;P% I;HHGAGP_% .E% =D% EIG% P=\\=LM>EN% @\%;P<=EE=AJ% EI;E% EIGN% E@@%I;P%P@AG%D@<GEI=AJ%`?@AJR% EIG%P=\\=LM>EN%@\%;QDE;=A=AJ%\?@<%DG>\4?=JIEG@MDAGDD_%.E%=D%EIG=?%\;=>M?G%E@%E?MDE%G;LI%@EIG?%;AP% @HGA% MH% E@% EIG% @EIG?R% E@% QG% EIG?G% \@?% G;LI% @EIG?% ;AP% ;>>@`% EIG%EI@MJIED%;AP%\GG>=AJD%@\%EIG%@EIG?%E@%<;EEG?%E@%EIG=?%@`AR%E@%>G;?A%\?@<%EIG<% ;AP% QG% LI;AJGP% QN% EIG<_% $IG=?% P=\\=LM>E=GD% @\% MAPG?DE;AP=AJ%G;LI%@EIG?R% ;D% .%I@HG% =E% DI@M>P%QG%L>G;?% \?@<% EIG%;Q@CG%PGDL?=HE=@ADR%;?G%?GCG;>=AJ%@\%EIG=?%P=\\=LM>E=GD%;AP%\;=>M?GD%E@%>@CG_%%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%8F% :\_% Y=;<@AP% a7117GR% 85\\b% @A% EIG% P=\\G?GALG% EI;E% L;A% QG% <;PG% QGE`GGA%MAPG?DE;AP=AJ% D@<G@AGiD% H?@H@D=E=@AD% ;AP% MAPG?DE;AP=AJ% D@<G@AG% ;D% `G>>% ;D% EIG%P=DE=ALE=@A% .% >;EG?%<;SG% QGE`GGA% DHG;S=AJ% ;Q@ME% MAPG?DE;AP=AJ% ;AP% LI;AJ=AJ% =A% ;%E?;AD=E=CG%;AP%=AE?;AD=E=CG%DGADG%aL\_%H_%726b_%

-# ! : # 7 ! ) & 6 + & 0 & ! + $ ! 6 # 0 & !

!

; G ; !

+ + + ! !%.&!O7&'%!A#*!P7'%+A+"(%+#$!

.A%;A%;EEG<HE%E@%=ACGDE=J;EG%=A%`I;E%`;ND%JGAPG?%DE?MLEM?GD%HG?<G;EG%EIG% ?G>;E=@ADI=HD% QGE`GGA% EGA% N@MAJ% /`GP=DI% L@MH>GD% `I@% ?GJ;?P%EIG<DG>CGD%;D%GBM;>DR%:;?=A%"@><QG?J%a7115b%Q?=AJD%@ME%EIG%P=\\G?=AJ%`;ND% =A% `I=LI% EIG% <;A% ;AP% EIG% `@<;A% <;N% PGDL?=QG% EIG=?%?G>;E=@ADI=H%;AP%BM;??G>D_% 87%$IG%PGDL?=HE=@AD%@\%EIGDG%;?G%?G<=A=DLGAE%@\% EIG% BM;??G>% QGE`GGA% l@D;<@AP% ;AP% 'NPJ;EG_% !IGA% VDIGX% JGED%;AJ?NR% VIGXR% \@?% =ADE;ALGR% E?=GD% E@%<;SG% =E% QGEEG?% QN% J#C4-+% `=EI% IG?R%`I=LI%<;SGD%IG?%GCGA%<@?G%;AJ?N%D=ALG%DIG%EI=ASD%IG%=D%$&,54-+%IG?%@?%.#&5! -#$! @,(&% ;Q@ME% IG?% QG=AJ% ;AJ?N% a"@><QG?J% 7115R% 787b_% .A% D@<G%D=EM;E=@AD%IG% =D%;>D@% EI=AS=AJ% EI;E%DIG%=D%<G?G>N% $()4-+! $#!H(#3#C&%I=<%QN%QG=AJ% ;AJ?N%`I=>G% DIG% D;ND% DIG%`;AED% E@%.45@055! $%&4(! (&8,$4#-5%4HR%`I=LI% DIG% C=G`D% ;D% =<H@?E;AE_%#E% E=<GD% DIG% EI=ASD% EIG% @A>N%`;N% @\%JGEE=AJ% I=<% E@% E;>S% ;Q@ME% EIGDG% EI=AJDR% @?% E;SG% EIG<% DG?=@MD>N% =D% QN%QG=AJ%;AJ?N%`=EI%I=<R%D=ALG%V"G%P@GD%A@E%`;AE%E@%E;>S%;Q@ME%EI=AJD%IG%P@GD%A@E%GgHG?=GALG%;D%DG?=@MDX%;AP%V"G%E;SGD%BM;??G>D%;AP%L@A\>=LED%;D% GgH?GDD=CG% @\% EI=AJD% QG=AJ% DG?=@MD_Xa"@><QG?J% 7115R% 786478cb% "G%;>D@%GgH?GDDGD%EIG%`=DI%E@%PGEG?<=AG%`IGEIG?%DIG%I;D%EIG%?=JIE%E@%QG%;AJ?N% ;AP% PGL=PG% I@`% >@AJ% DIG% L;A% QG% ;AJ?N% QG\@?G% IG% P=DLMDDGD%EI=AJD%`=EI%IG?_%.\%DIG%P@GD%A@E%;LLGHE%=E%X;AP%L;><D%P@`A%;AP%DE@HD%;?JM=AJ% `IGA% IG% GgH>=L=E>N% EG>>D% IG?% IG% QGL@<GD% ?G;>>N% ;AJ?N_X%a"@><QG?J%7115R%786b_%

$IG%Q@@S%=D%\M>>%@\%Gg;<H>GD%@\%EIG%L@MH>GiD%\;=>M?GDR%P=\\=LM>E=GD%;AP%MA`=>>=AJAGDD% E@% MAPG?DE;AP% G;LI% @EIG?_% .E% ;>D@% ?GCG;>D% I@`% ;AJG?R%;AP%@AGiD%;EE=EMPG%E@`;?PD%;A@EIG?%HG?D@AiD%;AJG?R%<;N%QG%GgH?GDD=CG%@\% EIG% H@`G?4?G>;E=@AD% EI;E% <;N% @QE;=A% QGE`GGA% E`@% HG@H>GR% A@E%GgL>MD=CG>N%QGE`GGA%EIG%JGAPG?D_%$@%<GAE=@A%@AG%EI=AJR%I=D%=AD=DEGALG%@A% EIG% AGGP% \@?% IG?% E@% I;CG% EIG% ?=JIE% E@% QG% ;AJ?N% ;Q@ME% D@<GEI=AJ%QG\@?G% IG% DHG;SD%`=EI%IG?% =D% GgH?GDD=CG% @\% I=D% ;MEI@?=EN% =A% PGL=P=AJ%`I;E% =D% `@?EI% E;>S=AJ% ;Q@ME% @?% MAPG?DE;AP=AJ_% VvKw;AN% E=<GD% DIG%E;>SD%;Q@ME%EI=AJD%EI;E%;?G%MA=<H@?E;AE%;AP%MA=AEG?GDE=AJX%a"@><QG?J%7115R% 7m2b_% Xv.wEiD% ^MDE% DMLI% D=>>N% EI=AJD% EI;E% DIG% JGED% ;AJ?N% ;Q@MEX%a"@><QG?J%7115R%78cb_%"=D%A@E%DHG;S=AJ%`=EI%IG?%GCGA%\@?LGD%IG?%=AE@%;A%GCGA%`G;SG?%H@D=E=@A%D=ALG%IG%P@GD%A@E%>=DEGA%E@%IG?%;AP%;>D@%<;SGD%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%87%.A%IG?%D@L=@4HDNLI@>@J=L;>%DEMPN%"@><QG?J%Q?=AJD%E@JGEIG?%EIG%DE;EG<GAED%@\%EIG%EGA%L@MH>GD% =A% ;% XIGX%@?% XDIGX_% .%`=>>% L@AE=AMG%P=DLMDD=AJ% EIG<%;D% @AG_%#>>% E?;AD>;E=@AD%\?@<%"@><QG?JiD%Q@@S%;?G%<=AG_%

& 2# % + # $ !

!

; G D !

=E% L>G;?% E@%IG?R%`I=>G%DIG% >=DEGAD%GCGA%<@?G%L;?G\M>>N% E@%`I;E%IG%D;ND%QGL;MDG%IG%P@GD%A@E%D;N%D@%<MLI_%%

!I;E%.%`;AE%E@%\@LMD%@A%IG?G%=D%EIG%`;ND%=A%`I=LI%I=D%`;AE=AJ%IG?%;AJG?%E@%QG%^MDE=\=GP%QG\@?G%IG%P=DLMDDGD%=E%<;?SD%@AG%@\%I=D%\;=>M?GD%E@%QG% `=EI% IG?_% .% `;AE% E@% ?G>;EG% EI=D% E@% EIG% HI=>@D@HI=L;>% PG<;AP% \@?%^MDE=\=L;E=@AR% ;AP% EIG% DMJJGDE=@AR% G<Q?;LGP% QN% <;AN% HI=>@D@HIG?DR%EI;E%EI=D%=D%;%H?GDMHH@D=E=@A%\@?%MAPG?DE;AP=AJ_%!I;E%=\%EI=D%BMGDE%\@?%^MDE=\=L;E=@A% =A%HI=>@D@HIN% =D%A@E% ;AN%P=\\G?GAE% \?@<%I=D% ;AP% =D%<@?G%?GCG>;E@?N% @\% @M?% P=\\=LM>E=GD% E@% MAPG?DE;AP% G;LI% @EIG?% EI;A% =E% =D% @\%MAPG?DE;AP=AJZ86%%

.A% L@JA=E=CG% ;LL@MAED% ^MDE=\=L;E=@A% GAEG?D% EIG% P=DLMDD=@A% `=EI% EIG%G<HI;D=D% @A% EIG% ?;E=@A;>=EN% @\% G<@E=@AD_% KN% G<@E=@A;>% ?GDH@ADG% =D%^MDE=\=GP%=A%D@%\;?%;D%<N%^MPJG<GAED%@?%<N%QG>=G\D%;Q@ME%EIG%D=EM;E=@A%;?G% ?GH?GDGAE;E=CG% @\% EIG% \;LED% @\% EIG% D=EM;E=@A_% $I;E% =DR% @EIG?D% ;?G% E@%E;SG%<N%G<@E=@AD%DG?=@MD>N%=A%D@%\;?%;D%EIGN%L@??GDH@AP%E@%EIG%\;LEM;>%D=EM;E=@A_%#HH>=GP%E@%EIG%L@AEGgE%@\%;%BM;??G>R%I@`GCG?R%EI=D%DMJJGDE=@A%=D%DE?=S=AJ>N%@PP_%:G?E;=A>NR%=E%=D%=<H@?E;AE%E@%QGL@<G%L>G;?%;Q@ME%`I;E%EIG%\;LED%;?G%=A%;%<;EEG?%@\%P=DHMEG_%WMDE%;D%=E%=D%;D%=<H@?E;AER%;D%.%I;CG%E?=GP%E@%DI@`R%E@%L>;?=\N%`I;E%=E%<;N%<G;A%E@%DHG;S%;Q@ME%\;LED%=A%EIG%\=?DE%H>;LG_%)ME%=D%A@E%EIG%V\;LEX%EI;E%.%DI@M>P%E;SG%DG?=@MD>N%=A%;%BM;??G>%H?GL=DG>N% EIG% \;LE% EI;E% N@M% ;?G% ;AJ?NZ% $I;E% =DR% .% DI@M>P% E;SG% )#0%DG?=@MD>N_%%

$IG%H@=AE%=D%A@E%EI;E%.%DI@M>P%>GAP%GBM;>%`G=JIE%E@%GCG?NEI=AJ%EI;E%N@M%D;N_%#LLGHE=AJ%GCG?NEI=AJ%`=EI%;R%VjG;IR%N@Mi?G%?=JIEXR%`@M>P%QG%;%H@@?%H=LEM?G%@\%`I;E%E;S=AJ%D@<G@AG%DG?=@MD>N%L@M>P%<G;A_%:>G;?>NR%EIG?G% ;?G% E=<GD% ;E%`I=LI% EIG% @A>N%`;N% @\% E;S=AJ% )#0% DG?=@MD>N% =D% E@%?G\MDG%E@%DG?=@MD>N%L@AD=PG?%D@<G%@\%EIG%EI=AJD%N@M%D;N_%V!IN%`@M>P%N@M% `;AE% E@% D;N% EI;EZ% j@M% L;AiE% <G;A% =EoX% )ME% GCGA% =\% .% <;N% I;CG%?G;D@A% E@% DMDHGLE% EI;E% N@M% ;?G% @A>N% E?N=AJ% E@% H?@C@SG%<GR% EIG?G% ;?G%@EIG?%=DDMGD%EI;E%<;N%;AP%DI@M>P%L@ALG?A%MD%IG?G_%$IGDG%;?G%BMGDE=@AD%DMLI%;DR%`IN%P@%N@MR%`I@%D;N%N@M%>@CG%<GR%E?N%E@%H?@C@SG%<GR%=ADEG;P%@\R% D;NR% E?N=AJ% E@% E;>S% E@%<G% ;Q@ME% N@M?% ?G;>% L@ALG?ADZ%!IN%P@% N@M%EI=AS%EI;E%EIG%@A>N%`;N%@\%?G;LI=AJ%<G%=D%QN%DE;?E=AJ%;%BM;??G>Z%#AP%\M?EIG?<@?GR%`IN%P@%.R%`I@%D;N%EI;E%.%>@CG%N@MR%A@E%L;?G%;Q@ME%N@M?%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%86%$I;E%EIG%DE?GDD%@A%?G;D@AD%=D%;>D@%L@AAGLEGP%`=EI%EIG%`=DI%E@%LI;AJG%HG@H>GiD%<=APD%@A%LG?E;=A%=DDMGD%=D%Q?@MJIE%\@?`;?P%=A%l@JG?%/L?ME@AiD%a7132b%D;N=AJ0%V!G%L;A%LI;AJG%;%HG?D@AiD%QGI;C=@M?%QN%HG?DM;P=AJ%I=<%E@%LI;AJG%I=D%PGL>;?;E=@AD%@\%=AEGAE=@AR%;AP%IG%`=>>%LI;AJG%EIGDG%^MDE%D@%>@AJ%;D%IG%=D%?;E=@A;>%;AP%@M?%?G;D@AD%;?G%J@@P_%"GALG%`G%I;CG%;%P=?GLE%<G;AD%@\%;LLGDDR%EI?@MJI%?G;D@AR%E@%EI;E%L@?G%@\%;LE=C=EN%\?@<%`I=LI%I=D%QGI;C=@M?%DH?=AJDX%a5645cb_%%

-# ! : # 7 ! ) & 6 + & 0 & ! + $ ! 6 # 0 & !

!

; G < !

H?@C@L;E=CG%`@?PD%<@?G%EI;A%.%`@M>P%;Q@ME%EIG%QMee=AJ%@\%;%\>N%;E%<N%G;?Z%!IN%P@%.%A@E%E?N%E@%GAJ;JG%N@M%=A%;%L@ACG?D;E=@A%E@%E?N%E@%DI@`%N@M%`IN% .% L@M>P% A@E% EI=AS% @\% `I;E% N@M% ;?G% D;N=AJ% ;D% <@?G% EI;A% ;%H?@C@L;E=@AZ%!IN%P@%.%A@E%>;<GAE%EIG%\;LER%;AP%E?N%E@%=AC@SG%EIG%D;<G%?GDH@ADG% =A% N@MR% EI;E% `G% I;CG% GAPGP% MH% =A% DMLI% ;% H>;LG% `IG?G%L@<<MA=L;E=@A%I;D%L@<G%E@%QG%GBM;EGP%`=EI%H?@C@L;E=@AZ%!

.\% `G% L@AD=PG?% ;LEM;>% L;DGD% @\% EIG% ?G>;E=@ADI=HD% EI;E% <;N% @QE;=A%QGE`GGA% >@CG?DR% EIG% \G;EM?GD% H@?E?;NGP% =A%"@><QG?JiD% Gg;<H>G%<;N%A@E% DE?=SG%MD% ;E%CG?N% DM?H?=D=AJ_%,GCG?EIG>GDDR% .R% ;E% >G;DER% I@HG% EI;E% .%AGCG?%QGL@<G%D@%^;PGP%EI;E%.%EI=AS%EI;E%EI=D%=D%E?M>N%>@CG%;AP%A@E%^MDE%D@<GEI=AJ% L;>>GP% QN% EI;E% A;<G_8c% $IG% <;AiD% ;EE=EMPG% E@`;?PD% I=D%J=?>\?=GAP%;HHG;?D%E@%QG%LI;?;LEG?=eGP%QN%;%>;LS%@\%MAPG?DE;AP=AJ%EI;E%;E%<@DE%E=<GD%;HHG;?D%>=SG%;%E@E;>%>;LS%@\%L@ALG?A%\@?%IG?%;D%D@<G@AG%`I@%I;D%D@<GEI=AJ%E@%D;N_8m%%

#E% E=<GDR% EIG% <;AiD% ?G>;E=@A% E@% I=D% J=?>\?=GAP% L@M>P% QG% DGGA% ;D% ;%?84-.-&55%E@`;?PD%IG?_%.A%DGG=AJ%`I;E%IG%P@GD%;D%^@S=AJR%EIG%<;A%P@GD%A@E%DGG%`I;E%IG%P@GD%;D%D@<GEI=AJ%`?@AJR%;D%DIG%P@GD%=A%DGG=AJ%=E%;D%EG;D=AJ_% #E% E=<GD% EI=D% Q>=APAGDD% ?;EIG?% DGG<D% GgH?GDD=CG% @\% ;A%4-.4**&(&-@&! E@% IG?% @?% GCGA% ;% (&*05,8% E@% H;N% ;AN% ;EEGAE=@A% E@% IG?_% )N%^@S=AJ% `=EI% IG?%`IGA% DIG% =D% ;AJ?NR% @?% QN% EI=AS=AJ% EI;E% DIG% =D% @A>N%E?N=AJ% E@% H?@C@SG% I=<R% IG% P@GD% A@E% E;SG% IG?% ;AJG?R% ;AP% D@% %&(R%DG?=@MD>N_%"G%P@GD% A@E% EI=AS% EI;E% DIG%I;D% ;ANEI=AJ% =<H@?E;AE% E@% EG>>%I=<_85% !I;E% <;EEG?D% E@% I=<% =D% ?;EIG?% EI;E% %&% P@GD% A@E% `;AE% E@% E;>S%;Q@ME%D@<GEI=AJ_%Xv/wIG%DI@M>P%A@E%E;>S%;Q@ME%EI=AJD%`=EI%I=<%`I=LI%IG%\=APD%MA=AEG?GDE=AJ%@?%P=\\=LM>E_X%a"@><QG?J%7115R%7mmb%

.E%<;NR%@\%L@M?DGR%EM?A%@ME%EI;E%IG?%;AJG?%=A%EIGDG%L;DGD%=D%`I;E%@AG%<;N%EI=AS%@\%;D%MA^MDE=\=GP_%"@`GCG?R%`I;E%<;SGD%I=<%D@%LG?E;=A%EI;E%`I;EGCG?%IG% =D% EI=AS=AJ%<;N%A@E%QGZ%/I@M>P%IG%A@E%SA@`%`I;E% =E% =D%DIG%'&,-5%QN%D;N=AJ%D@<GEI=AJ%QG\@?G%IG%^MPJGD%`IGEIG?%=E% =D%`?@AJ%@?% ?=JIEZ% $IG% PG<;AP% \@?% ^MDE=\=L;E=@AR% ;D% P@GD% EIG% `I@>G% =DDMG% @\%PGEG?<=A=AJ%?=JIED%;AP%`?@AJDR%?GCG;>D%;%Q>=APAGDD%E@`;?PD%IG?R%QME%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%8c%$I;E%"@><QG?J%;>D@%EI=ASD%EI;E%EIG%;AD`G?%E@%EI=D%BMGDE=@A%`@M>P%QG%=A%EIG%AGJ;E=CG%=D%?GCG;>GP%QN%EIG%E=E>G%@\%IG?%Q@@S0%"%&)!@,88!$%45!8#3&R%;AP%A@ER%"%45!45!8#3&_%%8m% .% P@%A@E%`;AE% E@% =<H>N% EI;E% EIG%`@<;A% =D%<MLI%QGEEG?_% )@EI% @\% EIG<% DGG<% E@%QG%=AC@>CGP% =A% ;A% GC=>% J;<G_% .% `=>>R% I@`GCG?R% >;?JG>N% \@LMD% @A% EIG% H?@Q>G<D% \?@<% EIG%HG?DHGLE=CG%@\%EIG%<;A%IG?G_%85%*A%EIG%`I@>G%IG%P@GD%A@E%DGG<%E@%H;N%<MLI%;EEGAE=@A%E@%EIG%EI=AJD%EI;E%DIG%\=APD%=<H@?E;AE_% #>EI@MJI% IG% SA@`D% EI;E% DIG%`@M>P% >=SG% I=<% E@% GgH?GDD% I=D% ;\\GLE=@A% =A%@EIG?%`;ND%EI;A%IG%P@GDR%QN%G_J_%D;N=AJ%EI;E%IG%>@CGD%IG?%<@?G%@\EGAR%IG%P@GD%A@E%P@%=E%QGL;MDG%IG%DGGD%A@%H@=AE% =A% =E_%Vv/w=ALG%DIG%;AP%IG%SA@`D% EI;E% EIGN%L;?G%;Q@ME%G;LI%@EIG?R%=E%=D%A@E%AGLGDD;?N%E@%D;N%=E%;>>%EIG%E=<G_X%a"@><QG?J7115R%75cb_%

& 2# % + # $ !

!

; G B !

;>D@% ;% A;??@`% MAPG?DE;AP=AJ% @\% `I;E% <;N% QG% =AC@>CGP% =A%L@ACG?D;E=@A_%%

T@?% @AG% EI=AJR% EIG% BMGDE=@A% ;Q@ME% ^MDE=\=L;E=@A% @?% ;HH?@H?=;EGAGDD%@A>N%;HHG;?D%E@%;?=DG%A;EM?;>>N%`=EI%L@ALG?A%E@%D@<G%@\%EIG%G<@E=@ADR%DMLI%;D%;AJG?R%\G;?R%=AP=JA;E=@AR%JM=>E%@?%DI;<G_%*AG%<;N%QG%;QI@??GP%QN% EIG% DMJJGDE=@A% EI;E% D@<G@AGiD% J?=G\% =D% A@E% ^MDE=\=GPR% ;AP% \=AP% EIG%A@E=@A%EI;E%`G%DI@M>P%@A>N%>@CG%@?%QG%I;HHN%E@%;A%;HH?@H?=;EG%PGJ?GG%;%CG?N%LNA=L;>%@AG_%)N% EIG% D;<G% E@SGA%@AG%<;N%;?JMG% EI;E%G<@E=@AD%DMLI%;D%GACN%@?%I;EG%;?G%AGCG?%^MDE=\=GP_%%

T@?% ;A@EIG?% EI=AJR% G<HI;D=e=AJ% EIG% DGADG% =A%`I=LI% ;A% G<@E=@A;>%?G;LE=@A%=D%=A%@?PG?%=A%;%D=EM;E=@A%AGJ>GLED%EIG%`;N%=A%`I=LI%@AG%<;N%EI=AS%EI;E%EIG%GgH?GDD=@A%@\%G<@E=@A%=A%=EDG>\%<;N%QG%D=JA=\=L;AE_%$I=AS%@A>N%@\%EIG%`;ND%=A%`I=LI%.%<;N%DGGS%E@%\=AP%D@<G@AG%`=EI%`I@<%E@%DI;?G% <N% ^@N% `IGA% IG;?=AJ% D@<G% J@@P% AG`D_% *?% L@AD=PG?% I@`%D@<G@AG% <;N% QG% D;=P% E@% VDHG;S% @MEX% @\% J?=G\% @?% ;J@ANR% ;AP% EIG%=<H@?E;ALG% IG% @?% DIG% <=JIE% ;EE;LI% E@% EIG% \;LE% EI;E% D@<G@AG% G>DG% =D%EIG?G%E@%845$&-R%;AP%=A%@EIG?%`;ND%^MDE%?&%EIG?G_%$IG%D;<G%L@M>P%QG%D;=P%\@?%EIG%L;DGD%=A%`I=LI%@AG%L@A\GDDGD%@AGiD%P;?SG?%EI@MJIED%@\%^G;>@MDN%@?% GACN% E@% ;A@EIG?R% =A%`I=LI% EIG% L@A\GDD=@A% =EDG>\%<;N% QG% ;%`;N% @\%L@<=AJ%E@%J?=HD%`=EI%@AGiD%G<@E=@AD_%:>G;?>NR%EIG%@EIG?%=D%A@E%AGGPGP%E@%EG>>%@AG%EI;E%EIG%G<@E=@AD%;?G%A@E%^MDE=\=GP_%*AG%=D%;>?G;PN%E@@%;`;?G%@\% EI;E% @AGDG>\_% ,GCG?EIG>GDDR% EIG% @MEDH@SGA% ;P<=DD=@A% <;N% QG% ;%AGLGDD;?N%DEGH%E@%?GL@AL=>G%@AGDG>\%-#$%`=EI%I;C=AJ%EIGDG%G<@E=@ADR%QME%`=EI% EIG% V\;LEX% EI;E% @AG% =D% D@<G@AG% `I@% <;N% ;>D@% GAEG?E;=A% DMLI%EI@MJIED_%%

.A% EI=D% DGADGR% =E% <=JIE% QG% <@?G% =>>M<=A;E=AJ% E@% DHG;S% ;Q@ME% EIG%`;ND% =A% `I=LI% `G% ;?G% @?% QGL@<G%74$-&55&5% $#! &,@%! #$%&(% ?;EIG?% EI;A%D=<H>N%DHG;S=AJ%;Q@ME%DGG=AJ%@?%?GL@JA=e=AJ%G<@E=@A%=A%D@<G@AG_%!G%L@M>P%D;N%EI;E%D@<G%GgH?GDD=@AD%@\%G<@E=@AD%QG;?%$&5$4'#-)%@\%EIG%>=CGD%`G% I;CG% >=CGPR% ;AP% EI;E% EIG% H?GDGALG% @\% ;A@EIG?% `I@% =D% `=>>=AJ% E@%>=DEGA% <;N% QG% L?ML=;>% \@?% MD% QG=AJ% ;Q>G% E@% \@?<M>;EG% ;AP% ;?E=LM>;EG%`I;E%S=AP%@\%>=CGD%EIGN%I;CG%QGGA_%$IG%<;AN%`;ND%=A%`I=LI%`G%>G;?A%E@%I=PG%@M?%\GG>=AJD%Q@EI%\?@<%@EIG?D%;AP%@M?DG>CGDR%;D%=A%l@D;<@APiD%L;DGR% @A>N%G<HI;D=eGD% EIG% D=JA=\=L;ALG%@\% EIG% D=EM;E=@AD% =A%`I=LI%`G%P;?G% E@% ;LSA@`>GPJG% EIG<% ;AP% E;SG% ?GDH@AD=Q=>=EN% \@?% `I;E% I;C=AJ%EIG<% <G;AD_% *M?% ?GL@JA=E=@A% @\% ;% LG?E;=A% D=EM;E=@AR% `I=LI% <;N%=AL>MPG%;A@EIG?iD%G<@E=@AR%L;A%=A%DMLI%L;DGD%QG%D;=P%E@%<;SG%PG<;APD%@A%<G_%!G%<;N%GCGA%QG%Q>;<GP%\@?%A@E%DGG=AJ%D@<GEI=AJ%@?%D@<G@AG%=A%;%LG?E;=A%`;N_%%

*AG%;DHGLE%@\% EIGDG%L@ACG?D;E=@AD% ;Q@ME%G<@E=@AD% ;AP%GgH?GDD=CG%@\%G<@E=@AD%`I=LI%.%I;CG%E?=GP%E@%Q?=AJ%@ME%=A%EIG%;Q@CG%?G<;?SD%=D%EIG%

-# ! : # 7 ! ) & 6 + & 0 & ! + $ ! 6 # 0 & !

!

; G I !

P=\\G?GAE%`;ND%=A%`I=LI%`G%<;N%>G;?A%\?@<%G<@E=@AD%QN%?G\>GLE=AJ%@A%I@`% EIGN% GAJ;JG% MD% `=EI% EIG% `@?>P_% !I;E% <;N% DE?=SG% @AG% ;D% EIG%E?;JGPN%@\%EIG%<;AiD%=JA@?;ALG%E@`;?PD%I=D%J=?>\?=GAPR%;D%`G>>%;D%@\!%&(%;EEG<HED% E@%H?@C@SG%I=<% E@% E;SG%IG?% DG?=@MD>NR% =D% EIG% DGADG% =A%`I=LI%EIGN%\;=>%E@%?GL@JA=eG%`I;E%EIGN%Q@EI%<;N%>G;?A%\?@<%;AP%;Q@ME%G;LI%@EIG?% EI?@MJI% >=DEGA=AJ% ;AP% H;N=AJ% ;EEGAE=@A% E@% G;LI% @EIG?_%KGGE=AJ%G;LI%@EIG?%=A%EI=D%`;N%<;N%;>D@%IG>H%G;LI%@\%EIG<%E@%QGEEG?%;?E=LM>;EG%EIG=?% EI@MJIED%;AP%\=AP%@ME%`IG?G%EIGN%DE;AP%@A%;%<;EEG?_%$IG%@EIG?%<;N%IG>H%EIG<%E@%A@E=LG%Q>=AP%DH@ED%=A%EIG=?%@`A%EI=AS=AJR%?GCG;>=AJ%;DHGLED%@\%EIG%D=EM;E=@A%;AP%@\%EIG=?%@`A%;LE=@AD%;AP%EI=AS=AJ%@\%`I=LI%EIGN%`G?G%A@E%;`;?G%QG\@?G_%

.%P@%A@E%QN%;AN%<G;AD%`;AE% E@% L>;=<% EI;E% EI=D% =D% ;>`;NDR% @?%GCGA%@\EGAR%;A%G;DN%<;EEG?_%T;L=AJ%G;LI%@EIG?%<G;AD%\;L=AJ%EIG<DG>CGDR%;AP%Q@EI%EIG%<;A%;AP%EIG%`@<;A%<;N%`=ALG%;E%EIG%H@DD=Q=>=EN%@\%I;C=AJ%E@% ?GC;>MG% EIG=?% C=G`D% ;Q@ME% Q@EI% EIG% D=EM;E=@AR% EIG<DG>CGD% ;D%=AP=C=PM;>D%;AP%;D%;%L@MH>G%;AP%;Q@ME%EIG=?%?G>;E=@ADI=H_%.E%=D%;%A@E;Q>G%\;LE%EI;E%`G%@\EGA%\GG>%<@?G%;E%G;DG%GgH?GDD=AJ%@M?%AGJ;E=CG%\GG>=AJD%E@%@EIG?D%EI;A%E@%EI@DG%`I@%J;CG%?=DG%E@%EIG<_%!IGA%E;>S=AJ%`=EI%@EIG?D%;Q@ME% `I;E% N@M% I;CG% P@AGR% <N% C=G`% @\% EIG% D=EM;E=@A% <;N% G;D=>N%P@<=A;EGR%QME%`IGA%EM?A=AJ% E@%N@M%.%;<%A@% >@AJG?%PG;>=AJ%`=EI%<N%@`A%\GG>=AJD%;AP%PGDL?=HE=@AD0%.%;<%PG;>=AJ%`=EI%)#0R%;A@EIG?%IM<;A%QG=AJ% `=EI% EI@MJIED% ;AP% \GG>=AJD% @\% N@M?% @`A_% .% ;<% \;LGP% `=EI%;A@EIG?% HG?DHGLE=CG% @A%`I;E% I;D% I;HHGAGPR%`=EI% D@<G@AG%`I@% L;A%EI?@`%AG`%>=JIE%@A%<N%PGDL?=HE=@AD%;AP%>G;P%<G%E@%LI;AJG%<N%<=AP%;Q@ME%EIG%D=EM;E=@AR%EIG%?G;D@AD%;AP%<@E=CGD%\@?%<N%;AJG?R%EIG%^MDE=LG%@\%=ER%;AP%D@%@A_%KN%E;>S=AJ%`=EI%N@M%<;N%>G;P%<G%E@%;LLGHE%EI;E%<N%C=G`%@\%N@M%`;D%MA\;=?R%@?%EI;E%`I;E%.%D;=P%`;D%?;EIG?%;A%GgH?GDD=@A%@\%<N%<G;AAGDD%;AP%HGEE=AGDD%EI;A%@\%N@M?D_%!G%DI@M>P%;>D@%A@E%\@?JGE%EI;E%`I;E%`G%J@%@A%E@%D;N%E@%G;LI%@EIG?%=D%;%L@AE=AM;E=@A%@\%`I;E%I;D%I;HHGAGP_%$;>S=AJ%E@%N@M%<G;AD%EI;E%EIG%D=EM;E=@A%LI;AJGD%;AP%I@`%`G%J@%;Q@ME%P@=AJ%=E%J=CGD%AG`%<G;A=AJ%E@%`I;E%I;D%I;HHGAGP%;AP%=D%I;HHGA=AJ% QGE`GGA% MD_% Y@% .% H?@>@AJ% EIG% \=JIE% QN% Q?=AJ=AJ% =A% @>P%BM;??G>D%@?%;<%.%`=>>=AJ%E@%;DS%\@?%\@?J=CGAGDDZ%%

%!I;E%H;?E=LM>;?%L@AL>MD=@AD%`G%?G;LI%=A%@M?%L@ACG?D;E=@AD%I;CG%E@%QG%DGEE>GP%=A%EIG%L@AL?GEG%D=EM;E=@A_%#E%E=<GD%.%@?%N@M%<;N%L@<G%E@%DGG%EI;E%G=EIG?%@\%MD%`;D%MA^MDE%=A%QG=AJ%;AJ?NR%@?%EI;E%EIG%;AJG?%`;D%A@E%=A%H?@H@?E=@A%E@%`I;E%I;P%I;HHGAGP_%#E%@EIG?%E=<GDR%@M?%L@ACG?D;E=@A%<;N%GAP%`=EI%EIG%;LSA@`>GPJG<GAE%EI;E%`G%^MDE%>@@S%;E%EIG%D=EM;E=@A%P=\\G?GAE>N_% $I=D% <;N% G=EIG?% <;?S% @M?% L@<=AJ% E@% EG?<D% `=EI% EIG%P=\\G?GALGD% EI;E% Gg=DE% QGE`GGA% MDR% @?% =E% <;N% ?GCG;>% EIG% P=DE;ALG%QGE`GGA%MD_% .A%@EIG?%D=EM;E=@ADR%`G%<;N%L@<G%E@%DI;?G%;%HG?DHGLE=CG%

& 2# % + # $ !

!

; G C !

@A%EIG%D=EM;E=@A_%.A%EI=DR%Q@EI%@\%MD%<;N%L@<G%E@%DGG%D@<GEI=AJ%`?@AJ%=A%`I;E%`G%I;CG%P@AG%;AP%;>D@%>G;?A%\?@<%G;LI%@EIG?iD%HG?DHGLE=CG_%.%L;A%L@<G%E@%?GJ;?P%D@<GEI=AJ%;D%;A%=A^MDE=LG%EI;E%.%P=P%A@E%DGG%;D%DMLI%QG\@?GR%@?%?GL@JA=eG%EI;E%N@M%L;A%QG%;AJ?N%;Q@ME%D@<GEI=AJ%;>EI@MJI%.%<=JIE%A@E%QG_%%

.% P@% A@E% BMGDE=@A% EI;E% ^MDE=\=L;E=@A% <;N% H>;N% ;% ?@>G% =A% DMLI%L@ACG?D;E=@ADR% ;D% =E% <;N% P@% =A% @M?% P=DLMDD=@AD% @\% EI=AS=AJ% ;AP%G<@E=@AD_%,@AGEIG>GDDR%.%I;CG%`;AEGP%E@%H@=AE%@ME%EI;E%=E%@A>N%@\\G?D%;%>=<=EGP%HG?DHGLE=CG%@\%`I;E%=D%=AC@>CGP%=A%MAPG?DE;AP=AJ_%l;EIG?%EI;A%PGDL?=Q=AJ%;%LGAE?;>%;DHGLE%@\%@M?%EI=AS=AJR%;DS=AJ%`IGEIG?%D@<G@AG%=D%^MDE=\=GP%=A%DGG=AJ%D@<GEI=AJ%=A%;%DHGL=\=L%`;N%L;A%QG%D;=P%E@%L@ADE=EMEG%;%DHGL=;>%L;DG%@\%MAPG?DE;AP=AJ_%.E%I;D%;%?@>G%=A%D=EM;E=@AD%=A%`I=LI%`G%L;A% ;>?G;PN% QG% D;=P% E@% QG% =A% ;J?GG<GAE% @A% `I;E% =E% <G;AD% E@% I@>P%P=\\G?=AJ%C=G`D_88%.A%<;AN%D=EM;E=@ADR%I@`GCG?R%EIG%BMGDE=@AD%\;L=AJ%MD%;?G%?;EIG?%`I;E%'&,-4-+%=E%=D%H@DD=Q>G%\@?%MD%E@%DGG%=A%;%D=EM;E=@AR%;APR%\M?EIG?<@?GR% QGI=AP% `I;E% <G;A=AJ% 7&% ;?G% ;Q>G% ;AP% `;AE% E@%?GDH@AD=Q>N%DE;AP%QGI=AP_%%

$IGDG%BMGDE=@AD%;?G%A@E%D@%<MLI%GH=DEG<@>@J=L;>%BMGDE=@AD%;D%EIGN%;?G%<@?;>%@AGD_%*M?%MAPG?DE;AP=AJ%@\%G<@E=@AD%L@ALG?AD%A@E%@A>N%EIG%?G>;E=@ADI=H% QGE`GGA% LG?E;=A% ;DDG?E=@AD% ;AP% EIG% `@?>P% QME% @M?%?G>;E=@ADI=HD% `=EI% G;LI% @EIG?_% KN% ?G>MLE;ALG% E@% GAL@<H;DD% N@M?%HG?DHGLE=CG%L;A%QG%;%?G\MD;>% E@%DG?=@MD>N%L@AD=PG?% EIG% =<H>=L;E=@AD%@\%N@M?%P=\\G?GAE%HG?DHGLE=CGR%;AP%;A%GgH?GDD=@A%@\%<N%MA`=>>=AJAGDD%E@%J=CG%MH%<N%DG>\4J=CGA%?=JIE% E@%PGEG?<=AG%`I;E% EIG%D=EM;E=@A% =D_%T?@<%EIG%@EIG?% D=PGR%N@M?%L;H;L=EN%;AP%`=>>=AJAGDD% E@% E;SG% =A%<N%P=\\G?GAE%HG?DHGLE=CGR% E@% E?N% E@% MAPG?DE;AP% `I;E% .% \GG>% ;AP% I@`% .% DGG% EIG%D=EM;E=@AR%L;A%QG%?GCG;>=AJ%@\%N@M?%>@CGR%L;?GR%L@<H;DD=@AR%;AP%L@ALG?A%\@?%<G_%.E% =D%=A%EI=D% >=JIE%EI;E% EIG%DE?GDD%@A% ^MDE=\=L;E=@A%=A%HI=>@D@HIN%DE?=SGD%<G%;D%?GCG;>=AJ%@\%;%EG<HE;E=@A%=A%@M?%EI=AS=AJ_%.E% =D%A@%<G?G%L@=AL=PGALG% EI;E% EIG% @A>N% E?MG% ?GH?GDGAE;E=@A% @\% EIG%`@?>P% EI;E% @AG%;DDM<GD%EI;E%EIG?G%=DR%=D%MDM;>>N%E;SGA%E@%QG%@AGiD%@`A_%

$I=D% G<HI;D=D% @A% DGG=AJ% EIG% <G;A=AJ\M>AGDD% @\% EIG% @EIG?iD%HG?DHGLE=CG% =D% A@E% E@% QG% E;SGA% ;D% ;% <;EEG?% @\% MAL?=E=L;>>N% ;LLGHE=AJ%`I;EGCG?%IG%D;ND_%:@A\=?<=AJ%@?%\@?E=\N=AJ%EIG%<G;A=AJ\M>AGDD%@\%EIG%@EIG?iD% @?% @\% @AGiD% @`A%HG?DHGLE=CG%<;N% =A% D@<G% D=EM;E=@AD% E;SG% EIG%\@?<% @\% =APM>JGALG_% $IG% G<HI;D=D% ?;EIG?% H@=AED% MD% E@% EIG% S=AP% @\%?G;D@A=AJ%EI;E%<;N%E;SG%H>;LG%=A%EIGDG%S=APD%@\%L@ACG?D;E=@A_%*\\G?=AJ%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%88%:@<H;?G%EI=D%`=EI%OGEG?%!=ALIiD%a7132Qb%P=DLMDD=@A%;Q@ME%EIG%C;DE%Q;LSJ?@MAP%EI;E%=D%AGGPGP%\@?%EIG%A@E=@A%@\%XE?MGX%;AP%X\;>DGX%E@%I;CG%DGADG%a5F457b_%

-# ! : # 7 ! ) & 6 + & 0 & ! + $ ! 6 # 0 & !

!

; G = !

?G;D@AD%IG?G%L;A%QG%DGGA%;D%;%`;N%@\%Q?=AJ=AJ%@ME%P=\\G?GAE%;DHGLED%@\%EIG%D=EM;E=@AR%H@=AE=AJ%@ME%`I;E%=E%`@M>P%<G;A%E@%?GJ;?P%EIG%D=EM;E=@A%=A% ;%P=\\G?GAE% >=JIER% QGL@<=AJ%;`;?G%@\%Q>=AP% DH@ED% =A%@AGiD% EI=AS=AJ%;AP%E?N=AJ%E@%;`;SGA%;%P=\\G?GAE%S=AP%@\%?GDH@ADG%=A%EIG%@EIG?_%l;EIG?%EI;A%EI=AS=AJ%EI;E%EIG?G%=D%@AG%E?MG%?GH?GDGAE;E=@A%@\%EIG%`@?>P%`I=LI%`G% L;A% ?G;LI% QN% ;EEGAP=AJ% E@% J=CGA% \;LEDR% ?G;LI=AJ% EIG% E?MEI% @\% EIG%<;EEG?% L;AA@E% QG% DGH;?;EGP% \?@<%`I;E% =E%<G;AD% E@% QG% E?MG% E@% @EIG?D%;AP%@AGDG>\_%Y@%.%@?%N@M%?G;>>N%<G;A%`I;E%`G%D;NZ%%

.A% ?GDH@ADG% E@% EIG% BMGDE=@A% @\% EIG% E=E>GR% `G% L@M>PR% EIMDR% D;NR% NGDR%LG?E;=A>N%`G%QG>=GCG% =A% >@CG_%$IG?G% =D%;%AM<QG?%@\%P=\\G?GAE% EI@MJIED%EI;E%;?G%=AC@>CGP%=A%>@CGR%;D%EIG?G%=D%;%C;?=GEN%@\%\GG>=AJDR%;LE=@AD%;AP%QGI;C=@M?%`I=LI%<;N%QG%GgH?GDD=CG%@\%EIG<_%$IGN%;?GR%I@`GCG?R%A@E%;D% AG;E>N% @?J;A=eGP% ;D%<;AN% HI=>@D@HIG?D% I;CG%`;AEGP% E@% DMJJGDE_%'@CGR% ;D% =E% `G?GR% L@ADE=EMEGD% ;A% G<Q@P=GP% MAPG?DE;AP=AJ% @\%<NDG>\R%N@MR%@EIG?DR% ;AP% EIG%`@?>P_%$@%;% >;?JG%H;?ER% =E%`=>>%QG% EIG%;=<%@\% EIG%\@>>@`=AJ%LI;HEG?D%E@%\>GDI%@ME%`I;E%S=AP%@\%MAPG?DE;AP=AJ%EI=D%=D_%%

TM?EIG?<@?GR% EIG?G% =D%;%C;?=GEN%@\%QG>=G\D%;Q@ME% EIG%A;EM?G%@\% >@CG%EI;E% <;N% \>@M?=DI% =A% @M?% Q@EI% HG?D@A;>% ;AP% HI=>@D@HI=L;>%L@ACG?D;E=@AD%;Q@ME%>@CG_%$IGN%<;N%DM?\;LG%=A%EIG%<;AAG?%@\%@H=A=@AD%DMLI% ;DR% V$?MG% >@CG% @A>N% I;HHGAD% @ALGX% @?% Vj@M% AGCG?% \@?JGE% N@M?%\=?DE%>@CGX_%"G?G%.%`=>>%L@AEGAE%<NDG>\%`=EI%D;N=AJ%EI;E%;A%=ACGDE=J;E=@A%=AE@% EIG%<G;A=AJ% @\% >@CG% =A% @M?% >=\G% =D% A@E% E@% QG% GBM;EGP%`=EI% L=E=AJ%DMLI%QG>=G\D%`=EI@ME% GAEG?=AJ%<@?G% L>@DG>N% =AE@%`I;E%HG?DHGLE=CG% @A%>@CG%D;N=AJ%DMLI%EI=AJD%<;N%GgH?GDD_%%

"@`GCG?R% `I;E% =D% <@?G% =<H@?E;AE% E@% EIG% BMGDE=@A% @\% EIG% E=E>G% =D%`IGEIG?%`G%QG>=GCG% =A% >@CG% =A% EIG%DGADG% =A%`I=LI%`G%<;N%QG%D;=P% E@%I;CG%\;=EI%=A%=E_%$I=D%`;N%@\%HMEE=AJ%=ER%@\%L@M?DGR%=D%<@?G%=A%>=AG%`=EI%EIG%DGADG%=A%`I=LI%@AG%`@M>P%\=?DE%MAPG?DE;AP%EIG%E=E>GR%;AP%L;AA@ER%;D%.%DGG%=ER%QG%PGE;LIGP%\?@<%EIG%DGADG%=A%`I=LI%`G%I;CG%\;=EI%;AP%E?MDE%=A%@EIG?%HG@H>G_%/HG;S=AJ%;Q@ME% % EIG% E`@%L@MH>GD% \;=>=AJ% E@%MAPG?DE;AP%G;LI%@EIG?%=D%A@E%H@=AE=AJ%@ME%EIG=?%\;=>M?G%E@%GAEG?E;=A%LG?E;=A%^MDE=\=GP%QG>=G\D% QME% H@=AE=AJ% @ME% EIG=?% >;LS% =A% EIGDG% ?GDHGLED_% .E% =D%A@E% ;% H@=AE%;Q@ME%EIG=?%?;E=@A;>%L;H;L=E=GD%QME%;%?G<;?S%;Q@ME%EIG=?%\;=>M?G%E@%E?MDE%EI;E%EIG%@EIG?%@AG%%,5!5#'&$%4-+!$#!5,)%;AP%;>D@%E@%845$&-%E@%=E_%%

!

!

!

!<!

>+!-#F!+!-#F!+!-#F!+!-#?C=!

%*A%EIG%A=JIE%QG\@?G%EIG=?%`GPP=AJ%P;NR%@?%@A%EIG%H;EI%>G;P=AJ%MH%E@%=ER%<;AN%;%Q?=PG%;AP%J?@@<%I;CG%H?@Q;Q>N%;DSGP% EIG<DG>CGD%`I;E% =E% =D%Gg;LE>N% EI;E% EIGN%;?G%J@=AJ% E@%P@_% .%;<%A@E% EI=AS=AJ%;Q@ME% EIG%`@??N%EI;E%@AG%D;ND%V.%P@X%;E%EIG%`?@AJ%<@<GAE%@?%DEM<Q>GD%@A%EIG%`@?PDR%@?%;Q@ME%EIG%H@DD=Q>G%P=\\=LM>E=GD%@\%SGGH=AJ%?G>;E=CGD%\?@<%^M<H=AJ%;E%G;LI%@EIG?iD%EI?@;ED_%.%;<%?;EIG?%EI=AS=AJ%;Q@ME%`I;E%=E%<G;AD%\@?%MD%E@%DE;AP%=A%\?@AE%@\%EIG%@AG%`G%>@CG%;AP%HMQ>=L>N%;AA@MALG%EI;E%EI=D%=D%EIG%@AG%`G%`=>>%VI;CG%;AP%I@>PR%>@CG%;AP%LIG?=DIR% =A%D=LSAGDD%;AP%=A%IG;>EIR% E=>% PG;EI% P@% MD% H;?EX_%!I;E% =D% =E% ;LEM;>>N% EI;E%`G% E;SG% MH@A%@M?DG>CGD%`IGA%`G%<;SG%EI=D%H?@<=DGZ%#?G%`G%L@<<=EE=AJ%@M?DG>CGD%E@%HG?\@?<=AJ%LG?E;=A%;LE=@ADR%\GG>=AJ%LG?E;=A%\GG>=AJDR%EI=AS=AJ%LG?E;=A%EI@MJIEDZ%#AP%I@`%=A%EIG%`@?>PR%<;N%`G%L@<<=E%@M?DG>CGD%E@%EI=DR%;D%`G%P@R%\@?GCG?Z%

$IG% BMGDE=@A% ;>G?ED% MD% E@% ;DHGLED% @\% >@CG% EI;E% ;?G% P=\\=LM>E% E@%?GL@AL=>G%=A%;%MA=\=GP%;LL@MAE_%.E%;HHG;?D%E@%H?GDGAE%MD%`=EI%;%P=>G<<;%@\%EI=D%\@?<0%#?G%`G%E@%MAPG?DE;AP%>@CG%=A%EG?<D%@\%,@$4#-5%@?%;?G%`G%QGEEG?%E@%MAPG?DE;AP%=E%;D%;%H,554#-Z%.A%@EIG?%`@?PDR%=D%>@CG%D@<GEI=AJ%;S=A%E@%PGL=D=@AD%@?%=D%=E%?;EIG?%;%\GG>=AJZ%KMLI%@\%@M?%H?@Q>G<D%`=EI%EI=D% BMGDE=@A% =D% ;>D@% GgH?GDD=CG% @\% @M?% E?N=AJ% E@% ;AD`G?% =E% =A% EI=D%JGAG?;>%\@?<_%#>EI@MJI%`G%<;N%GgHG?=GALG%A@%E?@MQ>G%MAPG?DE;AP=AJ%`I;E% =D% QG=AJ% D;=P% `IGA% D@<G@AG% =A% ;% H;?E=LM>;?% D=EM;E=@A% ;DDG?EDR%V'@CG%=D%A@E%;%?@DG4J;?PGAR%D@<GE=<GD%N@M%^MDE%I;CG%E@%PGL=PG%E@%DE=LS%`=EI%EIG%@AG%N@M%>@CGXR%@?%V$IG?G%I;D%E@%QG%D@<G%H>G;DM?G%E@%>@CG%E@@R%=E%L;AiE%QG%;>>%H;=AXR%@M?%EI=AS=AJ%=D%L;MJIE%MH%=A%=EDG>\%`IGA%`G%E?N%E@%`@?S%@ME%`IGEIG?%>@CG%V=D!(&,88)%;%PGL=D=@A%@?%;%\GG>=AJX_%

!I;E% DHG;SD% =A% \;C@M?% @\% MAPG?DE;AP=AJ% >@CG% ;D% ;% H;DD=@AR% ;AP%GCGA%@AG%@\%EIG%\@?G<@DER%=D%EIG%\;LE%EI;E%DHG;S=AJ%;Q@ME%>@CG%;E%E=<GD%=D%DHG;S=AJ%;Q@ME%\GG>=AJD%;AP%DGAD;E=@AD_%!G%<;N%;DS%%#7!D@<GEI=AJ%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%82%#QQ;%a7125b_%

! > + ! - # F ! + ! - # F ! + ! - # F ! + ! - # ? !

!

; G @ !

\GG>DR%@?%7%&(&%.%\GG>%D@<GEI=AJR%=A%H;?E=LM>;?%H@=AE=AJ%E@%EIG%IG;?E_%!G%<;N% DHG;S% @\% >@CG% =A% EG?<D% @\% DE?GAJEIR% =AEGAD=EN% ;AP% PM?;E=@A_%!G%<;N%G<HI;D=eG%EIG%AGGP%E@%QG%H;DD=@A;EG%=A%@M?%>@C=AJ%?G>;E=@ADI=HD_%)N% E?;P=E=@A% EIGDG%;DHGLED%@\% >@CG%;AP% EIG%@EIG?%G<@E=@AD%I;CG%@\EGA%QGGA%?GJ;?PGP%;D% =AC@>C=AJ%D@<G%S=AP%@\%H;DD=C=EN%@A%@M?%H;?E_%*M?%GgHG?=GALGD%@?% \GG>=AJD%I;CG%@\EGA%QGGA% L@ADE?MGP%;D% D@<GEI=AJ% EI;E%D=<H>N%I;HHGA%E@%MDR%@?%@CG?L@<G%MD_%$I=D%;DHGLE%=D%;>D@%;HH;?GAE%=A%EIG%>;AJM;JG%@\%>@CG_%.%L;A%D;N%EI;E%.%;<%VDE?MLS%QN%>@CGX%@?%VL;AA@E%IG>H%\;>>=AJ%=A%>@CGX_%'@CG%=D%D@<GEI=AJ%EI;E%.%VDM\\G?%\?@<X%a;D%\?@<%;%P=DG;DGb_%*?%=E%=D%D@<GEI=AJ%E@%`I=LI%.%AGGP%E@%VDM??GAPG?X_%%

&CGA%=\%`G%P@%A@E%;J?GG%`=EI%EI=D%H=LEM?GR%`G%L@M>P%D;N%EI;E%EIG?G%=D%;%5H#-$,-&4$)!EI;E%=D%LI;?;LEG?=DE=L%@\%@M?%G<@E=@A;>%?GDH@ADGD_%.E%=D%G;DN%E@%EI=AS%EI;E%`G%G=EIG?%\GG>R%@?%\GG>%>=SG%D@<GEI=AJR%@?%EIGA%`G%P@%A@E_%'@CG%P@GD%A@E%L@AD=DE%=A%HG?\@?<=AJ%LG?E;=A%;LE=@ADR%=E%=D%;D%=<H@?E;AE%%#7% `G% HG?\@?<% EIG<n% `I;E% =D% <@?GR% EI=D% I;D% ;% L?ML=;>% ?@>G% \@?%PGEG?<=A=AJ%7%,$%;LE=@AD%EIGN%;?G%=A%EIG%\=?DE%H>;LG_%&CGA%=\%.%L@M>P%QG%D;=P%E@%P@%;>>%EIG%EI=AJD%;%>@CG?%DI@M>P%P@R%N@M%<;N%D;N%EI;E%N@M%AGCG?%\G>E% EI;E% .% >@CGP%N@M_% &CGA% =\%<N% ;LE=@AD%`G?G% V?=JIEX% =A% D@<G%`;NR%EIGN% `G?G% DE=>>% <=DD=AJR% D;NR% ;% DGADG% @\% `;?<EI% @?% PGD=?G% EI;E% =D%LI;?;LEG?=DE=L%@\%>@CG_%.%P=P%A@E%;LE%V`=EI%\GG>=AJX_%%

)ME% GCGA% =\% `G% =A% EIGDG% ?GDHGLED% <;N% DHG;S% @\% >@CG% ;D% ;% `;N% @\%*&&84-+%\@?%D@<G@AGR%EIG?G%;?G%`;ND%@\%DHG;S=AJ%;Q@ME%>@CG%EI;E%L;AA@E%QG%?GPMLGP%E@%E;>S=AJ%;Q@ME% \GG>=AJD%;AP%DGAD;E=@AD_%#D%!=EEJGADEG=A%a7182b%?G<;?SDR%V'@CG%=D%A@E%;%\GG>=AJ_%'@CG%=D%HME%E@%EIG%EGDER%H;=A%A@E_%*AG%P@GD%A@E%D;N0%x$I;E%`;D%A@E%E?MG%H;=AR%@?%=E%`@M>P%A@E%I;CG%J@AG%@\\% D@% BM=LS>NiXaq5Fmb_% "=D% ?G<;?S% P@GD% A@E% DGE% @ME% E@% PGAN% EI;E%\GG>=AJD% ;?G% =A% D@<G% `;ND% L@ALG?AGP% `=EI% >@CG_% .\% `G% `G?G% A@E% D@%=AL>=AGP%E@%EI=AS%@\%>@CG%;D%;%\GG>=AJR%EIG?G%`@M>P%;>D@%QG%A@%H@=AE%=A%G<HI;D=e=AJ%EI;E%=E%=D%A@E%@AG_%$IG%?G<;?S%=D%?;EIG?%;%?G<=APG?%@\%EIG%`;ND% =A% `I=LI% EIG% J?;<<;?R% @?% >;AJM;JGR% @\% >@CG% P=\\G?D% \?@<% EIG%J?;<<;?%@\%\GG>=AJD%;AP%G<@E=@AD_%$I=D%=D%GDHGL=;>>N%E?MG%@\%EIG%`;ND%=A% `I=LI% >@CG% L;A% QG% D;=P% E@% .&',-.% D@<GEI=AJ% @\% MD_% '@CG% =D% A@E%;ANEI=AJ%EI;E%.% ^MDE%I;HHGA%E@%\GG>R%QME%D@<GEI=AJ%\@?%`I=LI%.%L;A%QG%IG>P%(&5H#-54?8&_%.%L;A%H?@<=DG%E@%>@CGR%GCGA%\@?%EIG%?GDE%@\%<N%>=\GR%;D%=A%@M?%`GPP=AJ%C@`DR% ;AP%QG% L@<<;APGP% E@%P@% =ER% ;D% =A% EIG%:I?=DE=;A%L@<<;AP%E@%>@CG%<N%AG=JIQ@M?_%%

.A% EI;E% `;NR% .% AGGP% A@E% P@MQE% EIG% DE?GAJEI% @?% =AEGAD=EN% @\% N@M?%\GG>=AJD%`IGA%N@M%D;NR%V.%>@CG%N@MXR%QME%.%<;N%DE=>>%QG%=AL>=AGP%E@%D;N%EI;E%N@M%P@%A@E%SA@`%`I;E%>@CG%=D_%.%<;N%D;N%EI;E%N@M%P@%A@E%DGG%EIG%L@ADGBMGALGD% EI;E% >@C=AJ% D@<G@AG% DI@M>P% I;CG% =A% N@M?% >=\G_% j@M?%>@CGR%;D%=E%`G?GR%DI@M>P%DI@`%=A%@EIG?%;DHGLED%@\%N@M?%>=\G%EI;A%=A%N@M?%

& 2# % + # $ !

!

; ; G !

\GG>=AJD_%!G%<;N% BMGDE=@A%`IGEIG?% D@<GEI=AJ% E?M>N% =D% @?%`;D% >@CGR%`IGEIG?%N@M%@?%.%DE=>>%>@CG%@?%>@CG%`G>>_%)N%L@AE?;DE%E@%H;=A%>@CG%L;A%QG%D;=P%E@%QG%LI;>>GAJGP%;AP%EGDEGP_%$IG?G%=D%A@%BMGDE=@A%;Q@ME%`IGEIG?%.%;<% ?GDH@AD=Q>G% \@?% <N% H;=AR% QME% N@M% <;N% ?;=DG% BMGDE=@AD% ;Q@ME%`IGEIG?%.%,'!4-!')!,@$4#-5R%`IGEIG?%.%,'!$(0&!$#!')!7#(.5%@?%843&!0H!$#%EIG<% `IGA% .% D;N% EI;E% .% >@CG_% $IGDG% ;DHGLED% ;>G?E% MD% E@% EIG% <@?;>%P=<GAD=@A%@\%>@CGR%;AP%EIG%DGADG%=A%`I=LI%>@CG%?;=DGD%BMGDE=@AD%;Q@ME%E?MEIR%HM?=EN%;AP%D=ALG?=EN%=A%`;ND%=A%`I=LI%H;=A%P@GD%A@E_%

$IG% ;=<% @\% EI=D% LI;HEG?% =D% E@% ;PP?GDD% EIGDG% E`@% ;DHGLED% @\% >@CG_83%"@`% ;?G% `G% QGDE% E@% LI;?;LEG?=eGR% @A% EIG% @AG% I;APR% EIG% ?@>GD%DH@AE;AG@MD% ?GDH@ADGD% ;APR% @A% EIG% @EIG?% I;APR% ?GL@JA=e=AJ% LG?E;=A%EI=AJD%;D%PG<;APD%I;CG% =A% >@CGZ%!IGA%P@GD% =E%<;EEG?%`I;E%`G% \GG>R%;AP%`IGA% ;?G% @M?% \GG>=AJD% >GDD% =<H@?E;AEZ% .% `;AE% E@% ;?JMG% EI;E% EIG%DH@AE;AG=EN% @\% >@CG% ;AP% @M?% ?GDH@AD=Q=>=EN% \@?% =E% P@% A@E% L@ADE=EMEG%L@A\>=LE=AJ%;DHGLED%@\%>@CGR%QME%EI;E%EIGN%;?G%?;EIG?%DMHH@?E=CG%@\%G;LI%@EIG?%=A%@M?%MAPG?DE;AP=AJ%@\%@EIG?D%;AP%@M?%?G>;E=@ADI=HD%`=EI%EIG<_%.%GDHGL=;>>N%`;AE%E@%\@LMD%@A%EIGDG%BMGDE=@AD%=A%EIG%>=JIE%@\%`I;E%=E%=D%E@%H(#'45&! E@% >@CG% D@<G@AG_%"@`%L;A%`G%;LE=CG>N% E;SG% ?GDH@AD=Q=>=EN%\@?% >@C=AJ% =\% >@CG%QN%AGLGDD=EN% =AC@>CGD%;A%G>G<GAE%@\% DH@AE;AG=EN%@?%H;DD=C=ENZ%%

$IG%H?@Q>G<%`=EI% EIGDG%BMGDE=@ADR% .% ;?JMGR% =D% EIG%H?GDMHH@D=E=@AD%EI;E% <;SG% EIG% D=EM;E=@A% ;HHG;?% H;?;P@g=L;>_% !IGA% HI=>@D@HI=e=AJ%;Q@ME% EIGDG%<;EEG?D%@AG%G;D=>N%;DDM<GD% EI;E%`G%;?G%@A>N% ?GDH@AD=Q>G%\@?% EIG%C@>MAE;?N% ;LE=@AD%`I=LI%`G% LI@@DGR%`I=>G% @AG% =<;J=AGD% EI;E%>@CGR%@?%=ED%DH@AE;AG=ENR%=D%;A%GH=D@PG4>=SG%\GG>=AJR%`I=LI%I;HHGAD%E@%MD%=APGHGAPGAE>N% @\% @M?%`=>>_% .\% =E% =D% E?MGR% @AG% EI=ASDR% EI;E%`G% ;?G% @A>N%?GDH@AD=Q>G%\@?%@M?%;LE=@ADR%EI;E%=DR%\@?%`I;E%`G%Q?=AJ%;Q@ME%;AP%<;SG%I;HHGAR% `G% L;AA@E% ?G;D@A;Q>N% QG% ?GDH@AD=Q>G% \@?% `I;E% `G% \GG>R% \@?%EI;E%`I=LI%<G?G>N%I;HHGAD%E@%MD_%*?%EIGA%@AG%DMJJGDED%EI;E%`G%I;CG%E@%?GH?GDGAE%>@CG%;AP%EIG%@EIG?%G<@E=@AD%;D%QG=AJ%<@?G%>=SG%;LE=@ADR%D@%EI;E%=E%<;SGD%DGADG%E@%DHG;S%@\%MD%;D%QG=AJ%?GDH@AD=Q>G%\@?%EIG<_%%

"@`GCG?R%EIG%L@AAGLE=@A%QGE`GGA%?GDH@AD=Q=>=EN%;AP%\?GG%`=>>%=D%A@E%;D%DG>\4GC=PGAE%;D%@AG%<;N%EI=AS_%,@?%P@%`G%;>`;ND%AGGP%E@%EI=AS%@\%G<@E=@AD%;D%G=EIG?%;LE=CG%@?%H;DD=CG_%#%?G\>GLE=@A%@A% >@CG%<;N%?;EIG?%@\\G?%AG`%=AD=JIED%=AE@%EIG%P=\\G?GAE%?@>GD%?GDH@AD=Q=>=EN%I;D%=A%@M?%>=\G_%:@AEG<H>;E=AJ%EIG%`;ND%=A%`I=LI%.%<;N%\GG>%JM=>EN%@?%Q;P%;Q@ME%A@E%\;>>=AJ%=A%>@CG%`=EI%D@<G@AGR%A@E%>@C=AJ%D@<G@AG%;AN<@?G%@?%QG=AJ%=A%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%83%/GG%EIG%H?GC=@MD%LI;HEG?D%\@?%;%P=DLMDD=@A%;Q@ME%EIG%H?@Q>G<D%=AC@>CGP%=A%EI=AS=AJ%@\%>@CG%;D%;%\GG>=AJ%@?%;A%G<@E=@A_%

! > + ! - # F ! + ! - # F ! + ! - # F ! + ! - # ? !

!

; ; ; !

>@CG%`=EI%D@<G@AG%`=EI%`I@<%.%SA@`%.%DI@M>P%A@E%QG%=A%>@CGR%J=CGD%MD% ;%P=\\G?GAE% H=LEM?G% @\%`I;E% ?GDH@AD=Q=>=EN%<=JIE% QG_% .E% =>>M<=A;EGD%EIG%`;ND% =A%`I=LI% .% L;A% QG% D;=P% E@% QG% ?GDH@AD=Q>G% \@?%<N% >@CGR% ;AP%I@`%.%;<%;LE=CG>N%=AC@>CGP%=A%<N%G<@E=@AD_%.E%;>D@%@\\G?D%=AD=JIED%=AE@%EIG%?G>;E=@A%QGE`GGA%?GDH@AD=Q=>=EN%;AP%`=>>R%;AP%>@CG%;AP%EIG%`=>>_%%

.%`=>>%L@AE=AMG%EI=D%P=DLMDD=@A%QN%\=?DE%?;=D=AJ%D@<G%BMGDE=@AD%;Q@ME%EIG%`=>>_%.%EIGA%EM?A%E@%EIG%DGADGD%=A%`I=LI%`G%<;N%DHG;S%;Q@ME%QG=AJ%?GDH@AD=Q>G% a7b% \@?% EIG% ,$$&-$4#-% `G% H;N% E@% HG@H>GR% ;AP% a6b% \@?% @M?%*&&84-+5! \@?%@EIG?%HG@H>G_% .% DM<%MH%EIG%P=DLMDD=@A%QN%L@<<GAE=AJ%@A%EIG% \;LE% EI;E% EIG% BMGDE=@A% @\% V`I;E% .% @?% N@M% `;AEX% @A>N% ;?=DG% =A%H;?E=LM>;?% D=EM;E=@AD% ;AP% QN% L@AD=PG?=AJ% `I;E% =<H;LE% EI=D% I;D% @A%MAPG?DE;AP=AJ%@EIG?D%;D%;%>=<=E%E@%@M?%`=>>%=A%@AG%`;N%@?%;A@EIG?_%%

+ !>'9#$%($&+%:?!($-!>,+66?!

)G\@?G%P=DLMDD=AJ%EIGDG%BMGDE=@AD% >GE%<G%D;N%D@<GEI=AJ%;Q@ME%`I;E%.%<G;A% `=EI% DHG;S=AJ% ;Q@ME% VDH@AE;AG=ENX% `=EI% ?GDHGLE% E@% G<@E=@AD%;AP%>@CG_%,@`R%<;AN%@\%EIG%H?@Q>G<D%=A%MAPG?DE;AP=AJ%I@`%`G%<;N%QG%?GDH@AD=Q>G%\@?%DH@AE;AG@MD%?G;LE=@ADR%PGD=?GD%@?%\GG>=AJD%;HHG;?%E@%QG%L@AAGLEGP%`=EI%EI=AS=AJ%EI;E%EIG%DH@AE;AG=EN%@\%G<@E=@AD%L@AD=DED%=A%D@<G%S=AP%@\%GH=D@P=L%I;HHGA=AJD%EI;E%;?G%GgEG?A;>%E@%MD_81%)MER%^MDE%;D%=E% =D%H?@Q>G<;E=L%E@%EI=AS%EI;E%>@CG%L@AD=DED%=A%LG?E;=A%\GG>=AJDR%=E% =D%H?@Q>G<;E=L% E@% EI=AS% EI;E% DH@AE;AG=EN% L@AD=DED% =A% I;C=AJ% LG?E;=A%\GG>=AJD_%"G?G%;J;=A%`G%I;CG%?G;D@A%E@%?G<G<QG?%h=>QG?E%lN>GiD%a7155b%P=DLMDD=@A% @\% GA^@N<GAE% ;AP% I=D% L@<<GAE% EI;E% EIG% GA^@N<GAE% @\% ;%J@>\G?%H>;N=AJ%;%J;<GR%;D% =E%`G?G% V`=EI% \GG>=AJXR%P@GD%A@E% L@AD=DE% =A%D@<G%;PP=E=@A;>%\GG>=AJ%EI;E%;LL@<H;A=GD%EIG%J@>\G?%PM?=AJ%I=D%J;<G%QME%DI@`D%=A%EIG%`;N%IG%J@GD%;Q@ME%H>;N=AJ%=E%a7F3b_2F%

$IMDR%`IGA%.%DHG;S%;Q@ME%DH@AE;AG=EN%.%;<%A@E%=AEG?GDEGP%=A%D;N=AJ%;ANEI=AJ%;Q@ME%`I;E%=E%L@AD=DED%=A_%.%;<%=AEG?GDEGP%=A%=ED%J?;<<;E=L;>%?@>G%=A%MAPG?DE;AP=AJ%G;LI%@EIG?%;AP%@M?%;LE=@AD_%$IG%`@?P%DG?CGD%;D%;% L@AE?;DE% E@% @EIG?% `;ND% @\% <;S=AJ% PGL=D=@ADR% =AEG>>GLEM;>>N%PG>=QG?;E=AJ% @?% ;LE=AJ% =AEGAE=@A;>>N% @?% @ME% @\% PMEN_% .E% =DR% I@`GCG?R%=<H@?E;AE% E@%P=DE=AJM=DI%QGE`GGA%P=\\G?GAE% DGADGD% =A%`I=LI%@AG%<;N%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%81%#A@EIG?%`;N%@\%<=DMAPG?DE;AP=AJ%`I;E% .%<G;A%`=EI%DH@AE;AG=EN%IG?G% =D% E@% EI=AS%EI;E% =E% =D% ;A% =A^MALE=@A% E@% XQG% DH@AE;AG@MDX%@?% X;LE% DH@AE;AG@MD>NXR% EI;E% =D%`=EI@ME%IGD=E;E=@AR%@?%P@=AJ%MAGgHGLEGP%EI=AJDR%=A%N@M?%?G>;E=@ADI=H%`=EI%EIG%@AG%N@M%>@CG_%.%I@HG%=E%`=>>%QGL@<G%L>G;?%EI;E%EI=D%=D%A@E%EIG%;=<%@\%<N%P=DLMDD=@A_%%2F%:\_%LI;HEG?%7R%H_%8F_%

& 2# % + # $ !

!

; ; D !

G<HI;D=eG% EIG% DH@AE;AG=EN% @\% G<@E=@AD% ;AP% >@CG_% .A% <N% H?GC=@MD%P=DLMDD=@A%;E% >G;DE% E`@%DGADGD%I;CG% \=JM?GP%;AP%NGE%;A@EIG?%@AG%`=>>%QG%@\%=<H@?E;ALG%=A%EIG%\@>>@`=AJ%P=DLMDD=@A_%%

$IG%\=?DE%=D%EIG%4''&.4,@)%EI;E%=D%LI;?;LEG?=DE=L%@\%<;ANR%QME%A@E%;>>R%G<@E=@A;>% ?GDH@ADGD_% $I=D% =D% EIG% DGADG% =A% `I=LI% .% DH@AE;AG@MD>N%MAPG?DE;AP%<N%D=EM;E=@A%=A%;%`;N%EI;E%=D%=AEG?A;>%E@%<N%G<@E=@A%EI;E%.%P=DLMDDGP%=A%LI;HEG?%E`@_%lG>;EGP%E@%EI=DR%QME%A@E%E@%QG%GBM;EGP%`=EI%=ER%=D%EIG%DGADG%=A%`I=LI%LG?E;=A%H(4'4$43&%?GDH@ADGDR%DMLI%;D%L?N=AJ%@ME%@\%H;=AR% ;?G% H?G4>=AJM=DE=LR% =A% !=EEJGADEG=AiD% `@?PD% a7182bR% EI;E% V;%>;AJM;JG% J;<G% =D% Q;DGP% @A% =ER% EI;E% =E% =D% EIG% H?@E@ENHG% @\% ;% `;N% @\%EI=AS=AJ% ;AP% A@E% EIG% ?GDM>E% @\% EI@MJIEX% aq5m7b_27% $IG% AGGP% E@%P=DE=AJM=DI% QGE`GGA% EIGDG% E`@% DGADGDR% EIG% H?=<=E=CG% ;AP% EIG%VGALM>EM?;EGPX%DH@AE;AG@MD%?GDH@ADGDR%=D%@QC=@MD%=\%@AG%L@AD=PG?D%EIG%P=\\G?GALG% QGE`GGA%<N% ^M<H=AJ% @ME% @\% \G;?% ;E% ;% >@MP% Q;AJR% ;AP% EIG%L?GGH=AJ%\G;?%EI;E%<;N%\=>>%<G%;E%EIG%EI@MJIE%EI;E%<N%>@CGP%@AG%<;N%L@<G%E@%QG%H>;JMGP%QN%;AP%P=G%\?@<%;A%=ALM?;Q>G%P=DG;DG_%&CGA%=\%<N%\GG>=AJD% @\% \G;?% =A% EIG% DGL@AP% L;DG% L;A% QG% D;=P% E@% QM=>P% MH@A% <N%H?=<=E=CG% ?G;LE=@AD% E@% @EIG?% HG@H>GR% EIG=?% DGADG% ?G>=GD% @A% ;% C;DE%MAPG?DE;AP=AJ% @\% `I;E% =E% <G;AD% \@?% IM<;A% QG=AJD% E@% QG% <@?E;>R%P=DG;DGD%=ALM?;Q>G%;AP%D@%@A_26%%

$IGDG% E`@% DGADGD% ;EEGAP% E@% EIG% =<H@?E;ALG% @\% L@AD=PG?=AJ%DH@AE;AG@MDR% @?% MA?G\>GLEGPR% ?G;LE=@AD% =A% &H45$&'#8#+)R% ;AP% EIG% ?@>G%EIGN%I;CG%\@?%MAPG?DE;AP=AJ%@EIG?%\@?<D%@\%<@?G%?G\>GLE=CG%EI=AS=AJ_%#D%`G% D;`%G;?>=G?R% EIG%A@E=@A%@\% ;% \?GG>N% LI@@D=AJ% ?;E=@A;>=EN% EI;E% =D%@\EGA%H?GDGAEGP% ;D% ;% L@AE?;DE% E@% EIG% ;LL>;=<GP%H;DD=C=EN% @\% G<@E=@AD%P@GD% A@E% I@>P% MH% \@?% ;AN% L>@DG?% DL?ME=AN_2c% $IG?G% =DR% ;D% =E% `G?GR%D@<GEI=AJ%=>>MD@?N%Q@EI%;Q@ME%EIG%A@E=@A%@\%L@<H>GEG>N%H;DD=CG%DE;EGD%@\%G<@E=@AD%;AP%;Q@ME%EIG%A@E=@A%@\%?G;D@A=AJ%;D%L@<H>GEG>N%;LE=CG_%.A%`I;E%`;ND%;?GR%E@%A;<G%QME%@AG%EI=AJR%^MPJG<GAED%D@<GEI=AJ%EI;E%`G%LI@@DGZ% :G?E;=A>N% EIG?G% ;?G% ?GDH@ADGD% E@% EIG% GAC=?@A<GAE% EI;ER% ;D%OGEG?%!=ALI% a7131b% % D;NDR% ;?G% V<GP=;EGP% QN% EI@MJIE% ;AP% ?G\>GLE=@AX%amcbR%QME%`=EI%I=<%`G%<;N%;>D@%D;NR%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%27%:@<H;?G%LI;HEG?%7%H_%3_%26%TM?EIG?<@?GR%@AG% L@M>P%<;SG%;%P=DE=ALE=@A%QGE`GGA% EIG%VGALM>EM?;EGPX% ?GDH@ADGD%EI;E%;?G% GgH?GDD=CG%@\% ;A%MAPG?DE;AP=AJR%;AP% EIG% DH@AE;AG@MD% ?GDH@ADGD% EI;E% ?GCG;>%@AGiD%\;<=>=;?=EN%`=EI%;%DM??@MAP=AJ%@?%;A%@Q^GLE_%$I=AS%@A>N%@\%EIG%DM?H?=DGP%?G;LE=@A%@\%A@E%\=AP=AJ%@AGiD%L@;E%`IG?G%=E%=D%MDM;>>N%I;AJ=AJ_%%2c%/GG%LI;HEG?%6R%H_%16\\%;AP%"G?EeQG?J%a6FF2b_%

! > + ! - # F ! + ! - # F ! + ! - # F ! + ! - # ? !

!

; ; < !

\=?DE% EI;E% A@E% ;>>% @M?% ?GDH@ADGD% ;?G% >=SG% EI;En% DGL@AP% ;AP%<@?G%=<H@?E;AER% EI;E% A@E% ;>>% ?GDH@ADGD% L@M>P% QG% >=SG% EI;ER% D=ALG% EIG%L@ALGHED% AGLGDD;?N% \@?% EI@MJIE% ;AP% ?G\>GLE=@A% ?GBM=?G%MA<GP=;EGPR%MA?G\>GLE=CG%?GDH@ADGD% \@?% EIG=?% \@?<;E=@A_% a!=ALI%7131R%mcb%%

"@`GCG?R% EIG% DGADG% =A% `I=LI% .% H;?E=LM>;?>N% `;AE% E@% H;N% IGGP% E@%DH@AE;AG=EN% =A% ?G>;E=@A% E@% >@CG% ;AP% G<@E=@AD% =D% EIG% '#(,8% DGADG% =A%`I=LI% @AG% <;N% G<HI;D=eG% EIG% AGGP% E@% V\GG>% >=SGX% P@=AJ% `I;E% @AG%P@GDR%@?%EIG%AGGP%E@%P@%=E%`=>>=AJ>N_%"G?G%DH@AE;AG=EN%=D%;EE;LIGP%E@%EIG%DGADG% =A% `I=LI% `G% ?GJ;?P% D@<G@AGiD% ;LE=@AD% ;D% D=ALG?G% @?% JGAM=AG_%OGEG?%!=ALI% a7126bR% =A% ;A@EIG?% ;?E=L>GR% J=CGD% EIG% Gg;<H>G% @\% ;% \;EIG?%`I@%\=APD%=E%=<H@DD=Q>G%E@%GA^@N%H>;N=AJ%`=EI%I=D%LI=>PR%;AP%@A>N%P@GD%=E%@ME%@\%\;EIG?>N%PMEN_%"G%DMJJGDED%EI;E%EIG%\;EIG?%L@M>P%L@ALG=CG%EI=D%>;LS% @\% DH@AE;AG=EN% ;D% ;% <@?;>% \;=>M?G% a!=ALI% 7126R% 737b_% /HG;S=AJ%;Q@ME% DH@AE;AG=EN% IG?G% =D% ;% ?G<=APG?% EI;E% \?@<% ;%<@?;>% HG?DHGLE=CG%7%,$!`G%P@%=D%A@E%EIG%@A>N%EI=AJ%EI;E%<;EEG?D_!]#7!`G%P@%=E%<;N%QG%;D%=<H@?E;AE% \@?%MAPG?DE;AP=AJ%`I;E% =E% =D%`G%;?G%P@=AJ_% .D%@M?%H>;N=AJ%`=EI% @M?% LI=>P?GA% ;A% ;DHGLE% @\% @M?% ?G^@=L=AJ% =A% EIG<% @?% ;% `;N% @\%PG;\GA=AJ%@M?%Q;P%L@ADL=GALG%@?%;A%;EEG<HE%E@% =<H?GDD%@EIG?D%@\%@M?%DS=>>D%E@%I;AP>G%LI=>P?GAZ%"@`%`G%P@%D@<GEI=AJR%I@`GCG?R%=D%A@E%E@%QG%PGEG?<=AGP% QN% D@<G% \GG>=AJ% EI;E% L@M>P% QG% D;=P% E@% ;LL@<H;AN% @M?%;LE=@ADR%QME%=A%EIG%5H4(4$%=A%`I=LI%.%;LE_%%

&CGA% =\% .% `=>>% G<HI;D=eG% EIG% ?@>G% DH@AE;AG=EN% I;D% =A% >@CGR% <N%=AEGAE=@A%=D%A@E%E@%H?@H@DG%;%JGAG?;>%H=LEM?G%;Q@ME%EIG%\@?<%>@CG%E;SGDR%@?% DI@M>P% E;SG_% $IG?G% ;?G% D=EM;E=@AD% =A% `I=LI% @M?% P@=AJ% D@<GEI=AJ%V`=EI%\GG>=AJX%@?%DH@AE;AG@MD>N%<;N%DG?CG%;D%;%`;N%@\%P=DE=AJM=DI=AJ%E?MG%G<@E=@AD%\?@<%\G=JAGP%@AGD_%"@`GCG?R% =A%@EIG?%L;DGD%@M?%<@?;>%MAPG?DE;AP=AJ%=D%?;EIG?%?GCG;>GP%=A%EIG%AGGP%E@%BMGDE=@A%@?%DMHH?GDD%@M?% DH@AE;AG@MD% ?GDH@ADGD_% $IGDG% S=APD% @\% L@AE?;DE% `=>>% HG?I;HD%QGL@<G%L>G;?G?%=A%EIG%\@>>@`=AJ%L@AD=PG?;E=@AD%@\%EIG%?@>G%EIG%L@ALGHE%@\%`=>>%I;D%=A%?G>;E=@A%E@%V>@CGX_%%

K;AN% @\% EIG% BMGDE=@AD% EI;E% `G% <;N% ?;=DG% ;Q@ME% EIG% ?@>GD% @\%DH@AE;AG=EN% ;AP%PG<;APD% =A% ?G>;E=@A% E@% G<@E=@AD% L;A% QG% ?;=DGP%;D% ;%<;EEG?%@\%`I;E%;DHGLED%@\%@M?%?G>;E=@ADI=HD%`=EI%@EIG?D%;?G&`=EI=A%@M?%`=>>_%&<HI;D=e=AJ% EIG%H>;LG%DH@AE;AG=EN%I;D% =A% >@CG%\=APD%DMHH@?E% =A%EIG%\;LE%EI;E%@M?%G<@E=@AD%;AP%>@CG%;?G%=A%A@%L>G;?%DGADG%DMQ^GLE%E@%@M?%`=>>_%!;AE=AJ% E@% >@CG% N@M% =D%-#$! EIG% D;<G%;D% >@C=AJ%N@M_%j@M%<=JIE%GCGA%BMGDE=@A%`IGEIG?%D@<GEI=AJ%=D%;A%;LE%@\%>@CG%=\%<N%`=>>%E@%P@%=E%GAEG?D%E@@%<MLI%=AE@%=ER%@?%DMDHGLE%EI;E%.%@A>N%P@%D@<GEI=AJ%QGL;MDG%.%

& 2# % + # $ !

!

; ; B !

EI=AS% EI;E% =E% =D%GgHGLEGP%@\%<G_%j@M%P@%A@ER%;D% =E%`G?GR% DGG%'&% =A% EIG%;LE=@A_2m%)ME%GCGA%=\%.%L;AA@E%=A=E=;EG%>@CG%=A%EI=D%`;NR%>@C=AJ%D@<G@AG%P@GD%A@E%DGG<%E@%QG%=APGHGAPGAE%@\%<N%`=>>_%.E%=D%A@E%=APGHGAPGAE%@\%'&_%'@C=AJ%D@<G@AGR%=A%<@DE%L;DGDR%=D%;>D@%`;AE=AJ%E@%>@CG_%.%L;A%;>D@%LI@@DG%@?% ?G\MDG% E@% >@@S%;E% D@<GEI=AJ%;D% >@CG% ;AP%`G%<;N% DHG;S%@\%L@<=AJ%@?%LG;D=AJ%E@%>@CG%D@<G@AG%;D%;%PGL=D=@A_%%

$IG% ;EEG<HE% E@% GDE;Q>=DI% ;% >=AS% QGE`GGA% I;C=AJ% ;%`=>>% ;AP% QG=AJ%?GDH@AD=Q>G% I;D% IG>P% ;% H?@<=AGAE% H@D=E=@A% =A% HI=>@D@HIN_%TM?EIG?<@?GR% @M?% `=>>% I;D% QGGA% L@AD=PG?GP% E@% L@ADE=EMEGR% @?% QG%L@ADE=EMEGP% QNR% @M?% \?GGP@<% ;D% =AP=C=PM;>DR% ;AP% I;DR% EIMDR% QGGA%L@AD=PG?GP%@\%L?ML=;>%=<H@?E;ALG%\@?%EIG%DGADG%=A%`I=LI%`G%;?G%QG=AJ%DG>CGD%@?%HG?D@AD_%"@`GCG?R%EIG%=AE?@PMLE=@A%@\%EIG%L@ALGHE%@\%V`=>>X%;AP%V`;AEX%=D%A@E%;D%IG>H\M>%;D%@AG%<=JIE%EI=AS%;E%\=?DE%J>;ALG_%l;EIG?%EI;A%H?GDGAE=AJ%MD%`=EI%;%L>G;?%D@>ME=@A%@\%`I;E%`G%L;A%QG%D;=P%E@%QG%?GDH@AD=Q>G%\@?%=A%>@CGR%=A%@EIG?%`@?PDR%EI;E%`I=LI%=D%;A%;DHGLE%@\%@M?%\?GG% `=>>R% <;AN% @\% EIG% P=DL?GH;AL=GD% QGE`GGA% `I;E% L;A% QG% DGGA% ;D%V;LE=CGX%;AP%VH;DD=CGX%D=PGD%@\%@M?% >@CG%?GLM?% =A%`I;E%`G%D;N%;Q@ME%V`;AE=AJX_%$I=D% =D%DGGA%=A%EIG%\;LE% EI;E% EIG%`@?PD%V`=>>X%;AP%V`;AEX%<;N% QG% MDGP% E@% GgH?GDD% ;E% >G;DE% E`@% P=\\G?GAE% ;EE=EMPGD% E@`;?PD%D@<GEI=AJ_%%

*A% EIG% @AG% I;APR%`G%<;N% DHG;S% @\%`;AE=AJ% E@% P@% D@<GEI=AJ% E@%G<HI;D=eG%EIG%DH@AE;AG=EN%@\%<N%;LE=@AD%;AP%PGD=?GD_%V.% ^MDE%\GG>%>=SG%P@=AJ%D@<GEI=AJ_X%/@<GE=<GD%EI=D%DH@AE;AG=EN%\=APD%GgH?GDD=@A%=A%<N%=<HM>D=CG% ;LE=@ADpV.% ;LE% @A% EIG% DHM?% @\% EIG%<@<GAEX_%"@`GCG?R% =E%AGGP%A@E%I;CG%;A%=<HM>D=CG%LI;?;LEG?_%,G=EIG?%P@%.%AGGP%E@%;LE%@A%<N%PGD=?GDR% @?% GCGA% I;CG% ;AN% =AEGAE=@A% @\% P@=AJ% =ER% ^MDE% ;D% .% <;N% P@%D@<GEI=AJ% PG>=QG?;EG>N% QME% MA`=>>=AJ>N_% *A% EIG% @EIG?% I;APR% `I;E% .%`;AE%L;A%QG%DGGA%=A%<N%;EE=EMPG%E@`;?PD%EI=AJD_%.%PG>=QG?;EG%@A%`I;E%.%`;AE%E@%P@%@?%.%E?N%E@%<;SG%MH%<N%<=AP%;Q@ME%D@<GEI=AJ_%.%;LE%`=EI%;%LG?E;=A%?GD@>MEGAGDD%;AP%P@%A@E%;>>@`%<NDG>\% E@%QG%JM=PGP%QN%`I;E%.%DH@AE;AG@MD>N% \GG>% >=SG%P@=AJ_%KN%`;AE=AJ%D@<GEI=AJ% =A% EI=D%DGL@AP%DGADG%<;NR%EIMDR%L@A\>=LE%`=EI%`I;E%.%`;AE%=A%EIG%\=?DE%DGADG%;>EI@MJI%EIG?G%=A%<;AN%L;DGD%=D%A@%EGAD=@A%QGE`GGA%EIGDG%E`@%`;ND%@\%DHG;S=AJ%;Q@ME%V`;AE=AJX_%25%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%2m%$IG?G%=DR%I@`GCG?R%BM=EG%;%DEGH%E@%D;N=AJ%EI;E%EI=D%<G;AD%EI;E%.%P@%A@E%?G;>>N%>@CG_%25%*AG%`;N% @\% =>>MDE?;E=AJ% EI=D%P=\\G?GALG% =D% E@% EI=AS% @\% E`@% HG@H>G% E?N=AJ% E@% PGL=PG%`I;E%DMQ^GLE%EIGN%`;AE%E@%DEMPN_%$IG%\=?DE%<;N%L;?G\M>>N%DEMPN%EIG%JM=PGR%`G=JI%@AG%DMQ^GLE% ;J;=ADE% EIG% @EIG?R% ;AP% L@AD=PG?% EIG% H?@Q;Q=>=EN% @\% DGLM?=AJ% ;A% @MEL@<G% QN%LI@@D=AJ% @AG% DMQ^GLE% ?;EIG?% EI;A% EIG% @EIG?_% *A% EIG% Q;D=D% @\% EI=D% DIG% <;SGD% IG?%PGL=D=@A_% $IG% @EIG?% <;N% L@AD=PG?% EIG% ;>EG?A;E=CGDR% QME% DE=>>% =AEM=E=CG>N% PGL=PG% @A% ;%

%

! > + ! - # F ! + ! - # F ! + ! - # F ! + ! - # ? !

!

; ; I !

";??N%h_%T?;AS\M?EiD%P=DE=ALE=@A%QGE`GGA%V\=?DE4@?PG?%PGD=?GDX%;AP%VDGL@AP4@?PG?%PGD=?GDX%a@?%VI=JIG?%@?PG?%PGD=?GDXb%L;A%QG%DGGA%;D%@AG%;EEG<HE% E@% Q?=AJ% @?PG?% =AE@% EIGDG% P=\\G?GAE% ;DHGLED% @\% @M?% `=>>_%T?;AS\M?E%a7127b%=AE?@PMLGD%EI=D%P=DE=ALE=@A%=A%;%P=DLMDD=@A%@\%EIG%?@>G%I;C=AJ% ;% V\?GG% `=>>X% I;D% \@?% @M?% L@ALGHE% @\% ;% HG?D@A% =A% `I=LI% IG%;?JMGD% EI;E% V@AG% GDDGAE=;>% P=\\G?GALG% QGE`GGA% HG?D@AD% ;AP% @EIG?%L?G;EM?GD%=D%E@%QG%\@MAP%=A%EIG%DE?MLEM?GD%@\%;%HG?D@AiD%`=>>X%a8b_%!I;E%P=DE=AJM=DIGD%MD%IM<;A%QG=AJD%\?@<%<G<QG?D%@\%@EIG?%DHGL=GD%=D%A@E%@M?%VI;C=AJ%PGD=?GD%;AP%<@E=CGDR%@?% vzw%<;S=AJ%LI@=LGDX% aT?;AS\M?E%7127R%8b%QME%@M?%L;H;L=EN%\@?%?G\>GLE=AJ%@A%@M?%DH@AE;AG@MDR%\=?DE4@?PG?%PGD=?GD% ;AP% \@?<=AJ% I=JIG?% @?PG?% PGD=?GD% ?GJ;?P=AJ% EIG<_% .A% @EIG?%`@?PDR%`G%;?G%A@E%PGEG?<=AGP%QN%@M?%DH@AE;AG@MD% =<HM>DGD%QME%L;A%;LE% @A% EIG<% =A% ;LL@?P;ALG% `=EI% @M?% @EIG?% PG>=QG?;E=@AD% ;AP%^MPJG<GAED%;Q@ME%`I=LI%PGD=?GD%;?G%PGD=?;Q>G_%!G%<;N%I;CG%PGD=?GD%;Q@ME%`I;E%`G%DI@M>P%PGD=?G_%%

:I;?>GD%$;N>@?iD%P=DLMDD=@A%@\%DE?@AJ%;AP%`G;S%GC;>M;E=@AD%a7135b%@\\G?D% ;% <@P=\=L;E=@A% @\% T?;AS\M?EiD% PGDL?=HE=@A% @\% I=JIG?% @?PG?%PGD=?GD_% $;N>@?%P=DLMDDGD% EIG%P=\\G?GAE%`;ND% =A%`I=LI%`G%<;N% ^MPJG%P=\\G?GAE% PGD=?GD% E@% QG% PGD=?;Q>G_% #A% Gg;<H>G% @\% ;% `G;S% GC;>M;E=@A%L@M>P%QG%PGL=P=AJ%@A% E?;CG>>=AJ% E@% EIG%D@MEI%?;EIG?% EI;A% E@% EIG%A@?EI%QGL;MDG% @AG% EI=ASD% @AG% `@M>P% GA^@N% EIG% `;?<EI% <@?G% EI;A% EIG%GgL=E=AJ% >;APDL;HGD% aL\_% $;N>@?% 7135R% 72b_% #A% Gg;<H>G% @\% ;% DE?@AJ%GC;>M;E=@A% L@M>P% QG% ^M<H=AJ% =AE@% ;% ?=CG?% E@% D;CG% ;% LI=>P% \?@<%P?@`A=AJ%PGDH=EG% EIG% \;LE% EI;E% EI=D%`=>>% >G;CG%@AG%`GE%;AP%L@>PR%;AP%;>D@%<;N%=AC@>CG%@EIG?%?=DSD%\@?%@AGDG>\_%!I;E%P=DE=AJM=DIGD%EIG%>;EEG?%aDE?@AJb% GC;>M;E=@AD% \?@<% EIG% \=?DER% $;N>@?% L>;=<DR% =D% EI;E% EIGN% ;?G%L@AAGLEGP%`=EI%<@?;>% ^MPJG<GAED%;Q@ME% EIG%BM;>=EN%@\%@AGiD%;LE=@AD_%!IG?G;D%EIG%PGD=?;Q=>=EN%@\%`G;S%GC;>M;E=@AD%;?G%PGEG?<=AGP%QN%`I;E%V.% \GG>% >=SGXR% EIG% J@@PAGDD% @\% ;% DE?@AJ% GC;>M;E=@A% =D% PGHGAPGAE% @A%DE;AP;?PD%EI;E%J@%QGN@AP%`I;E%.%<@<GAE;?=>N%\GG>_%,@E%D;C=AJ%;%LI=>P%QGL;MDG%.%P@%A@E%\GG>%>=SG%=E%=D%L@`;?P>N_%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%DMQ^GLE%EI;E%DIG%\=APD%;HHG;>=AJ_%.A%Q@EI%EIGDG%L;DGD%`G%<;N%D;N%EI;E%EIG%HG?D@A%`;AED%E@%DEMPN%EIG%DMQ^GLE_%.A%EIG%DGL@AP%L;DGR%`G%<;NR%@\%L@M?DGR%;DS%`IGEIG?%DIG%I;P%J@@P%?G;D@AD%\@?%IG?%PGL=D=@Ap`G%P=DE=AJM=DI%QGE`GGA%?G;>%`;AED%;AP%=P>G%`=DIGD_%.A%EIG%\=?DE% L;DGR% `G% <;N% D=<=>;?>N% `@APG?% `IGEIG?% EIG% HG?D@A% ;>D@% ;>>@`GP% IG?% @`A%H?G\G?GALGDR%`I;E%DIG%DH@AE;AG@MD>N%`@M>P%GA^@N%P@=AJR%?M>G%EIG%PGL=D=@AR%;>EI@MJI%EI;E%<=JIER%@\%L@M?DGR%;>D@%I;CG%H>;NGP%;%H;?E%=A%EIG%G;?>=G?%PG>=QG?;E=@AD_%!G%P@%A@ER%I@`GCG?R% I;CG% E@% BMGDE=@A% `IGEIG?% EIG=?% ?GDHGLE=CG% LI@=LGD% `G?G% JGAM=AG% L;DGD% @\%`;AE=AJ%E@%P@%D@<GEI=AJ_%%

& 2# % + # $ !

!

; ; C !

.% ;DH=?G% E@% QG% ;% LG?E;=A% S=AP% @\% HG?D@A_% $I=D% `@M>P% QG%L@<H?@<=DGP%QN%<N%J=C=AJ% =A% E@% EI=D%L?;CGA% =<HM>DG_% vzw% .E% =D%A@E%^MDE%;%<;EEG?%@\%L=?LM<DE;ALGD%`I=LI%<;SGD%=E%=<H@DD=Q>G%E@%J=CG% =A% E@% EIG% =<HM>DG% E@% \>GG% ;AP% DE=>>% L>G;CG% E@% ;% L@M?;JG@MDR%MH?=JIE%<@PG%@\% >=\G_%/MLI%;%<@PG%@\% >=\G%L@AD=DED%;<@AJ%@EIG?%EI=AJD%=A%`=EIDE;AP=AJ%DMLI%L?;CGA%=<HM>DGD_%a$;N>@?%7135R%71b%%

/E?@AJ% GC;>M;E=@AD% ;?GR% EIMDR% ?G>;EGP% E@% <N% MAPG?DE;AP=AJ% @\% `I;E%S=AP%@\%HG?D@A%.%<@?;>>N%`;AE%E@%QG_%

KN% =AEGAE=@A% IG?G% =D% A@E% E@% ;?JMG% ;Q@ME% EG?<=A@>@JN_% .<H@?E;AE%P=DE=ALE=@AD%;?G%P?;`A%`=EI=A%Q@EI%T?;AS\M?EiD%;AP%$;N>@?iD%;LL@MAEDR%QME%EIG=?%EG?<=A@>@JN%I;CG%;%EGAPGALN%@\%@QDLM?=AJ%<;EEG?DR%H?GL=DG>N%=A%C=?EMG%@\%QG=AJR%@?%QGL@<=AJR%;%EG?<=A@>@JN_%$I=D%=D%GDHGL=;>>N%E?MG%@\% EIG% P=DLMDD=@AD% \@>>@`=AJ% T?;AS\M?EiD% P=DE=ALE=@A_%!I;E% .%`;AE% E@%E;SG% \?@<% EIGDG% ;LL@MAEDR% I@`GCG?R% =D% EIG% ?G<=APG?% EI;E% EIG?G% ;?G%P=\\G?GAE%`;ND%=A%`I=LI%`G%<;N%;DS%;%HG?D@A%`I;E%DIG%?G;>>N%@?%E?M>N%`;AED_% .% ;>D@% `;AE% E@% Q?=AJ% @ME% EI;E% EIGDG% BMGDE=@AD% ;?G% <@?;>%BMGDE=@AD%=A%=<H@?E;AE%?GDHGLED_%$IGN%EG>>%MD%D@<GEI=AJ%;Q@ME%`I@%`G%;?G% ;D% HG?D@AD_%!=EI% $;N>@?% a7135bR% `G% L@M>P% D;N% EI;E% EIG% BMGDE=@A%;Q@ME% `I;E% `G% `;AE% I;D% VPGHEIX% a6cb_% .E% L;AA@ER% \@?% @AG% EI=AJR% QG%;AD`G?GP%<G?G>N%QN%;HHG;>=AJ%E@%;A%=AAG?%GgHG?=GALG_%%

$IG%BMGDE=@A%;Q@ME%V`I;E%@AG%?G;>>N%`;AEDX%<;N%;?=DG%=A%P=\\G?GAE%D=EM;E=@AD_% !I;E% `G% ;?G% ;DS=AJ% \@?% <;N% L@ADGBMGAE>N% ;>D@% QG% BM=EG%P=\\G?GAE% EI=AJD_% /@<GE=<GDR% =E% =D% ;% BMGDE=@A% ;Q@ME% @AGiD%<@?G% >@AJ4?;AJG% =AEGAE=@ADR% EIG% L@ADGBMGALGD% @\% ;LE=AJ% @ME% @AGiD% DH@AE;AG@MD%PGD=?GD_%#%IMDQ;APR%`I@%I;D% \;>>GA% =A% >@CG%`=EI%D@<G@AG%@EIG?% EI;A%I=D% `=\GR% <;N% ;DS% I=<DG>\0% VY@% N@M% ?G;>>N% `;AE% E@% Q?G;S% MH% N@M?%\;<=>NZX%#E%@EIG?%E=<GDR%=E%=D%;%BMGDE=@A%;Q@ME%`I;E%@AG%DH@AE;AG@MD>N%@?% =AEM=E=CG>N% PGD=?GD% E@% P@_% VY@% N@M% ?G;>>N%`;AE% E@% QG% >=C=AJ% ;% >=GR%DMHH?GDD=AJ% N@M?% E?MG% \GG>=AJDZ%Y@AiE% N@M%`;AE% Q@EI% N@M% ;AP% N@M?%\;<=>N% E@% QG% I;HHNZX% EIG% D;<G% IMDQ;AP% <;N% ;DS% I=<DG>\% ;\EG?% I=D%;EEG<HED% E@% SGGH% I=D% \;<=>N% E@JGEIG?% I;CG% H?@CGA% H;=A\M>% \@?% ;>>%H;?E=GD% =AC@>CGP_% .A%@AG% D=EM;E=@AR% EIGAR% =E% =D% EIG%IMDQ;APiD% 4-$&-$4#-R%`I=LI% =D%<@?;>>N%?G>GC;AER% =A%;A@EIG?% =E% =D%I=D%.&54(&5!`I=LI%L;??N% EIG%<@?;>% `G=JIE_28% .E% =D% =<H@?E;AE% \@?% <N% \@>>@`=AJ% P=DLMDD=@A% EI;E%AG=EIG?% @\% EIG% E`@%`;ND% @\% DHG;S=AJ% ;Q@ME%`;AE=AJ%PGEG?<=AG%`I;E%`G%`=>>% ;LLGHE% ;D% GgH?GDD=CG% @\% I=D% JGAM=AG%`=DIGD% =A% EIG% H;?E=LM>;?%L;DG_%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%28% .% Q@??@`% EI=D% P=DE=ALE=@A% QGE`GGA% .&54(&% ;AP% 4-$&-$4#-% \@?% L;HEM?=AJ% E`@%`;ND% @\%DHG;S=AJ%;Q@ME%`;AE=AJ% \?@<%;%P=DLMDD=@A%QN%';?D%"G?EeQG?J% a7115b_%"G% =AE?@PMLGD%EIG%EG?<D%;D%;A%;EEG<HE%E@%<;SG%DGADG%@\%T?;AS\M?EiD%P=DE=ALE=@A_%%

! > + ! - # F ! + ! - # F ! + ! - # F ! + ! - # ? !

!

; ; = !

,G=EIG?% T?;AS\M?E% A@?% $;N>@?% `=DIGD% E@% P=LE;EG% `I;E% `G% DI@M>P%MAPG?DE;AP% ;D% @M?% E?MG%`;AED_% .A% ;PP=E=@A% E@% EI=DR% $;N>@?iD% ;LL@MAE%?G<=APD% MD% @\% EIG% P=\\G?GAE% ?@>GD% `G% <;N% ;DD=JA% E@% DH@AE;AG@MD%?G;LE=@AD% =A%?GDH@AP=AJ% E@% EIG%BMGDE=@A%@\%V`I;E% .% ?G;>>N% .%`;AEX_% .A%D@<G%D=EM;E=@AD%a`G;S%GC;>M;E=@ADbR%EIG%J@@P%EI=AJ%E@%P@%=D%D=<H>N%E@%P@% `I;EGCG?% =E% =D% EI;E% .% DH@AE;AG@MD>N% PGD=?G_% .A% @EIG?% D=EM;E=@AD%aDE?@AJ%GC;>M;E=@ADb%`G%^MPJG%D@<GEI=AJ%E@%QG%J@@P%=APGHGAPGAE>N%@\%<N%H@DD=Q>G%PGD=?GD%=A%EIG%<@<GAE_22%,GCG?EIG>GDDR%.%`;AE%E@%H@=AE%@ME%@AG%H?@Q>G<;E=L%EGAPGALN%=A%EIG=?%EI=AS=AJ_%)@EI%T?;AS\M?E%;AP%$;N>@?%MDG%;A%VGC;>M;E=CG%C@L;QM>;?NX%aE@%Q@??@`%$;N>@?iD%`@?P=AJb%E@%<;SG%EIG=?% P=DE=ALE=@AD_% $IGN% DHG;S% @\% VI=JIG?4@?PG?% PGD=?GDX% ;AP% VDE?@AJ%GC;>M;E=@ADX_%$I=D%J=CGD%EIG%=<H?GDD=@A%EI;E%EIG%BMGDE=@A%;Q@ME%`I;E%`G% ?G;>>N%`;AE% L;A%QG%;AD`G?GP% 4-! ,!+&-&(,8%7,)!QN%L@AD=PG?=AJ%@M?%L;H;L=EN% E@% <;SG% GC;>M;E=@AD% ;AP% ^MPJG<GAED% ;Q@ME% EIG% S=AP% @\%HG?D@AD%`G%;?G%;AP%`;AE%E@%QG_%$IG%BMGDE=@AR%;D%=E%`G?GR%;HHG;?D%E@%QG%;=<GP% ;E% `I;E% @M?% >;?JG?% DLIG<GD% @\% >=\G% ;?G_% $I=D% ;DDM<HE=@A% =D%MA`;??;AEGP_%

T=?DER% =E% =JA@?GD% EI;E% `I;E% `G% ;?G% PG;>=AJ% `=EI% =D% A@E% ;% JGAG?;>%BMGDE=@A_%!I;E%`=>>% L@MAE% ;D% ;A% ;AD`G?% =A% ;% H;?E=LM>;?% L;DG%`=>>R% ;D%`;D% D;=PR% PGHGAP% @A% EIG% H;?E=LM>;?% D=EM;E=@A% =A% `I=LI% `G% ?;=DG% EIG%BMGDE=@A_% /GL@APR% =E% P@GD% A@E% H;N% ;EEGAE=@A% E@% EIG% H?=<;?N% H>;LG%DH@AE;AG=EN%I;D%=A%?G>;E=@A%E@%`I;E%.%L;A%<G;A=AJ\M>>N%QG%D;=P%E@%`;AE_%&CGA% EI@MJI% .% <=JIE% L>GALI% <N% EGGEI% E@% HM?DMG% `I;E% .% `;AER% N@M%<=JIE%BMGDE=@A%`IGEIG?%.%?G;>>N%`;AE%D@<GEI=AJ%=\%.%@A>N%P@%=E%`I=>G%J?=AP=AJ% <N% EGGEI% E@JGEIG?_% *AG% L@M>P% D;N% EI;E% <N% DH@AE;AG@MD%?GDH@ADGD%L@ADE=EMEG%;%>=<=E%\@?%`I;E%.%L;A%D=ALG?G>N%QG%D;=P%E@%`;AE_%%

!IG?G% `G% P?;`% ;% >=<=E% \@?% `IG?G% ;% >;LS% @\% DH@AE;AG=EN% =A% <N%?GDH@ADGD% <;SGD% =E% =<H@DD=Q>G% E@% DHG;S% ;Q@ME% <N% `;AE=AJ% E@% P@%D@<GEI=AJR%%`=>>%C;?N%`=EI%EIG%H;?E=LM>;?%L;DGR%@\%L@M?DG_%.%<;N%AGCG?R%@?% @A>N% DG>P@<R% \GG>% >=SG%`@?S=AJ% QME% .%<;N% AGCG?EIG>GDD% D;N% EI;E% .%`;AE% E@%P@% =E% E@% DGLM?G%<N% >=CG>=I@@P_% .E% =DR%I@`GCG?R%P=\\=LM>E% E@% DGG%`I;E%=E%`@M>P%<G;A%\@?%<G%E@%>@CG%N@MR%=\%.%AGCG?%\G>E%EI;E%`;N_%$I=D%=D%;>D@% ?G\>GLEGP% =A%`I;E%`G% MAPG?DE;AP% ;D%<@?;>% ;LE=@AD_% .A% DHG;S=AJ%;Q@ME%<@?;>=ENR%$;N>@?%;HHG;?D% E@% >GAP%<@DE%`G=JIE% E@%@M?%;Q=>=EN% E@%PG>=QG?;EG%@A%;AP%GC;>M;EG%`I;E%S=AP%@\%HG?D@AD%`G%;?G%;AP%EIG%S=AP%@\%;LE=@AD%DMLI%HG?D@AD%`@M>P%HM?DMG_%)MER%`G%<;N%;DSR%`IG?G%=D%EIG%<@?;>=EN% =\% .% D;CG% ;% LI=>P% \?@<%P?@`A=AJ% QGL;MDG% .%`;AE% E@% >=CG% EIG%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%22%!G%<;NR%;D% =E%`G?GR% DHG;S%;Q@ME%`I;E% =D% XJ@@PX% =A%;% ?G>;E=CG% ;AP% =A%;A%;QD@>MEG%DGADG_%.%`=>>%?GEM?A%E@%EI=D%P=DE=ALE=@A%=A%LI;HEG?%8_%

& 2# % + # $ !

!

; ; H !

S=AP%@\%>=\G%=A%`I=LI%.%P@%A@E%;LE%>=SG%;%L@`;?P%;AP%P@%EIG%?=JIE%EI=AJZ%!@M>P%`G%A@E%?;EIG?%=PGAE=\N%<N%?GDH@ADG%;D%<@?;>%=\%.%^M<H%=AE@%EIG%`;EG?%QGL;MDGR%V$IG%LI=>P%`;D%P?@`A=AJoX%$IG?G%`;DR%.%D;NR%VA@EI=AJ%G>DG%.%L@M>P%P@XR%A@E%GCGA%;%BMGDE=@A%;Q@ME%`I;E%.%`;AEGP_%#>EI@MJI%$;N>@?R% EIGAR% P?;`D% ;EEGAE=@A% E@% EIG%<@?;>% LI;?;LEG?% @\% D@<G% @\% @M?%GC;>M;E=@AD%;D%`G>>%;D%EIG=?%L@AAGLE=@AD%`=EI%EIG%BMGDE=@A%;Q@ME%`I@%`G% ;?G% ;D% HG?D@ADR% IG% >G;CGD% @ME% EI;ER% <@?;>>N% DHG;S=AJR% @M?%DH@AE;AG@MD%?G;LE=@AD%E@%;%D=EM;E=@Ap`I;E%L@M?DGD%@\%;LE=@A%`G%EI=AS%;?G% @HGA% \@?% GC;>M;E=@A% ;AP% EIG% L;DGD% =A%`I=LI%`G% DGG% A@% H>;LG% \@?%GC;>M;E=@A%;E%;>>p=D%;D%?GCG;>=AJ%@\%`I@%`G%;?G_%%

$I=D% Q?=AJD% <G% E@% EIG% DGL@AP% EIG<G% .% `;AE% E@% H=LS% MH% \?@<%T?;AS\M?EiD%;AP%$;N>@?iD%P=DLMDD=@A_%$I=D%=D%EIG%?@>G%=PGAE=\N=AJ%<NDG>\%`=EI% <N% PGD=?GDR% ;LE=@AD% ;AP% \GG>=AJDR% I;D% \@?% MAPG?DE;AP=AJ% @M?%?GDH@AD=Q=>=EN% =A% >@CGR%;APR% EIMDR% EIG%DGADG% =A%`I=LI%<N%DH@AE;AG@MD%PGD=?GD% ;AP%PG>=QG?;EG% ;LE=@AD% EI?@`% >=JIE% @A%`I@% .% ;<_%"@`GCG?R% .%`=>>%A@E%@\\G?%;%EIG@?N%@\%EIG%DG>\%EI;E%E;SGD%@M?%L;H;L=EN%E@%\?GG>N%`=>>R%PGL=PG% @?% LI@@DG% ;D% ;% <GE;HIND=L;>% J?@MAP% \@?% ;EE?=QME=AJ%?GDH@AD=Q=>=EN%E@%HG@H>G_%.%`=>>%?;EIG?%EM?A%E@%EIG%`;ND%=A%`I=LI%EIGDG%L@ALGHED%;?G%4-$&(-,88)%?G>;EGP_%O;?E%@\%EIG%?G;D@A%`IN%=E%=D%<=D>G;P=AJ%E@% EI=AS% EI;E% @M?% E;>S% ;Q@ME% EIG%`=>>% @\\G?D% ;% J?@MAP% \@?%<@?;>=ENR% =D%QGL;MDG% ?;=D=AJ% ;% BMGDE=@A% ;Q@ME% `I;E% D@<G@AG% `;AED% =EDG>\%=AE?@PMLGD%;%HG?DHGLE=CG%EI;E%=D%<@?;>%E@%QGJ=A%`=EI_%%%%%

';?D% "G?EeQG?J% a7112b% `?=EGD% EI;E% ;LSA@`>GPJ=AJ% `I;E% D@<G@AG%D;ND%;D%;A%GgH?GDD=@A%@\%I=D%`=>>%=D%;A%;DHGLE%@\%EIG%?GDHGLE%`G%H;N%E@%@EIG?% IM<;A% QG=AJDn% .% E;SG% EIG% @EIG?iD%`=>>% ;D% ;A% GgH?GDD=@A% @\%%4'_%$I=D% P@GD% A@E% AGLGDD;?=>N% <G;A% EI;E% .% ;>`;ND% E?N% E@% J=CG% EIG% @EIG?%`I;EGCG?%IG%`;AEDR%QME%EI;E%I=D%PGD=?GD%<;EEG?%=A%<N%?GDH@ADG%E@%I=<n%.% E?N% E@% J=CG% ?G;D@AD% \@?%`IN% =E% =D% QGEEG?% A@E% E@%P@%`I;E%IG%`;AEDR% .%H@=AE% @ME% MAPGD=?;Q>G% L@ADGBMGALGD% ;AP% D@% @A_% .A% EI;E% DGADGR%?GL@JA=e=AJ% D@<GEI=AJ% ;D% ;A% GgH?GDD=@A% @\% D@<G@AGiD% `=>>% =D%GgH?GDD=CG% @\% EIG% ?G;>=e;E=@A% EI;E% .% ;<% ?GDH@AD=Q>G% \@?% E;S=AJ% =E% =AE@%;LL@MAE% =A% `I;E% .% D;N% ;AP% P@% <NDG>\_% )N% EIG% D;<G% E@SGAR% EIG%?GL@JA=E=@A% EI;E% .% ;<% D@<G@AG% `I@DG% `;AED% ;?G% D@<GEI=AJ% EI;E%<;EEG?D% E@% ;AP% L>;=<D% EIG% ?GDHGLE% @\% @EIG?D% =D% GgH?GDD=CG% @\% EIG%?G;>=e;E=@A%EI;E%.%;<%?GDH@AD=Q>G%\@?%`I;E%.%aD;N%.b%`;AE_%%

T?@<%EI=D%H@=AE%@\%C=G`R%?;=D=AJ%BMGDE=@AD%;Q@ME%EIG%`;ND%=A%`I=LI%.%;<%?GDH@AD=Q>G% =A% >@CG%L@M>P%QG%;?E=LM>;EGP%;D%;%BMGDE=@A%;Q@ME%EIG%`;ND%=A%`I=LI%.%DGG%P=\\G?GAE%;DHGLED%@\%>@CG%;D%&LH(&5543&!#*!'&_%T?@<%EI=D%;AJ>G%EIG%?G>GC;AE%BMGDE=@AD%;Q@ME%?GDH@AD=Q=>=EN%P@%-#$%DE;?E%`=EI%<N%L;H;L=EN%E@%\?GG>N%`=>>_%$IG%BMGDE=@AD%=E%H@DGD%;?G%?;EIG?0%!I;E%L;A%.% I@AGDE>N% DGG% ;D% ;A% GgH?GDD=@A% @\%<NDG>\R% ;AP%`I;E% P@GD% =ER% @A% EIG%

! > + ! - # F ! + ! - # F ! + ! - # F ! + ! - # ? !

!

; ; @ !

@EIG?%I;APR%<G;A%E@%?G^GLE%LG?E;=A%\GG>=AJD%;D%GgH?GDD=CG%@\%<GZ%$IGDG%BMGDE=@AD% ;?G% =AIG?GAE>N%<@?;>% BMGDE=@AD_% $IGN% L@ALG?A% EIG%`;ND% =A%`I=LI%@EIG?%HG@H>G%<;EEG?%E@%<G%;AP%I@`%.%L@<G%E@%L@ALG=CG%<NDG>\%=A%?G>;E=@A%E@%EIG<R%=A%<N%DH@AE;AG@MD%PGD=?GD%;AP%\GG>=AJD%;D%`G>>%;D%=A%<N%PG>=QG?;EG%;LE=@AD_%

+ + !>(%%&$%+#$?!

"=JI>N% L?=E=L;>% @\% EIG% ;EEG<HE% E@% J?@MAP% <@?;>% HI=>@D@HIN% @A% ;%HI=>@D@HIN% @\% <=AP% ;AP% ;LE=@A% EI;E% E;SGD% =ED% DE;?E=AJ% H@=AE% =A% EIG%L@ALGHED% @\% V\?GGP@<XR% V`=>>XR% V;LE=@AXR% VLI@=LGX% @?% VPGL=D=@AX%aKM?P@LI% 7112R% 633461FbR% .?=D% KM?P@LI% EM?AGP% E@% /=<@AG% !G=>iD%L@ALGHE% @\% V;EEGAE=@AX_% $I=D% G<HI;D=D% @A% HG?LGHE=@AR% @?% ?;EIG?% @A%VC=D=@AX%;D%=E%=D%MDM;>>N%DH@SGA%@\%=A%EIG%L@<H;AN%@\%O>;E@A=DED%DMLI%;D%KM?P@LIR% =D% ?G<=A=DLGAE% @\% <;AN% @\% EIG% >;EG?% L@JA=E=CG% EIG@?=DED% @\%G<@E=@A_% KM?P@LIiD% =AEG?GDE% =A% `I;E% =E% <G;AD% E@% QG% V>@@S=AJX% ;AP%VDGG=AJXR%I@`GCG?R%=D%-#$%D@%<MLI%GH=DEG<@>@J=L;>%;D%=E%=D%GEI=L;>_%"G?%L@ALG?A%=D%E@%DI@`%=A%`I;E%`;ND%;EEGAE=@A%<;N%QG%C=G`GP%;D%;%<@?;>%L@ALGHER%QN%L@AD=PG?=AJ%`I;E%=E%<;N%<G;A%E@%P=?GLE%V;%^MDE%;AP%>@C=AJ%J;eG%vzw%MH@A%;A%=AP=C=PM;>%?G;>=ENX%aKM?P@LI%7112R%c62b_%%

*AG%@\%KM?P@LIiD%Gg;<H>GD%L@ALG?AD%KR%;%<@EIG?%`I@%%\GG>D%I@DE=>=EN% E@%IG?%P;MJIEG?% =A% >;`%vzw%Y_%K%\=APD%Y%;%BM=EG%J@@P4IG;?EGP% J=?>R% QME%`I=>G% A@E% Gg;LE>N% L@<<@A% NGE% LG?E;=A>N%MAH@>=DIGP%;AP%>;LS=AJ%=A%P=JA=EN%;AP%?G\=AG<GAE_%Y%=D%=AL>=AGP%E@% QG% HG?E% ;AP% \;<=>=;?R% =ADM\\=L=GAE>N% LG?G<@A=@MDR% Q?MDBMG%D@<GE=<GDR% D@<GE=<GD% H@D=E=CG>N% ?MPGR% ;>`;ND% E=?GD@<G>N%^MCGA=>G_%aKM?P@LI%7112R%c76b%%

$IGDG% EI@MJIEDR%I@`GCG?R%KM?P@LI%=AC=EGD%MD% E@% EI=ASR%P@%-#$% \=JM?G%=A% KiD% QGI;C=@M?0% DIG% VQGI;CGD% QG;ME=\M>>N% E@`;?PD% EIG% J=?>%EI?@MJI@MEX% a7112R% c76b_% !G% ;?G% GCGA% ;DSGP% E@% =<;J=AG% EI;E% IG?%EI@MJIED%AGCG?%I;CG%EIG%LI;ALG%E@%DI@`%=A%;LE=@AR%VEIG%N@MAJ%L@MH>G%I;CG% G<=J?;EGPX% @?% VY% =D% A@`% PG;PX% aKM?P@LI% 7112R% c76b_% $IGDG%\GG>=AJD%;Q@ME%IG?%P;MJIEG?4=A4>;`%<=JIE%I;CG%>GP%K%E@%QG%L;MJIE%MH%QN%VEIG%L>=LId0%<N%H@@?%D@A%I;D%<;??=GP%;%D=>>N%CM>J;?%J=?>X%aKM?P@LI%7112R%c764c7cbR%QME%D=ALG%DIG%=D%%

;A% =AEG>>=JGAE% ;AP% `G>>4=AEGAE=@AGP% HG?D@AR% L;H;Q>G% @\% DG>\4L?=E=L=D<R%L;H;Q>G%@\%J=C=AJ%L;?G\M>%;AP%^MDE%,$$&-$4#-%E@%;A%@Q^GLE%`I=LI%L@A\?@AED%IG?%vzw%K%EG>>D%IG?DG>\R%x.%;<%@>P4\;DI=@AGP%;AP%L@ACGAE=@A;>_%.%<;N%QG%H?G^MP=LGP%;AP%A;??@`4<=APGP_%.%<;N%QG%DA@QQ=DI_% .% ;<% LG?E;=A>N% ^G;>@MD_% 'GE%<G% >@@S% ;J;=A_% aKM?P@LI%7112R%c7cb%

& 2# % + # $ !

!

; D G !

O;N=AJ%YR%@?% EIG%<G<@?N%@\%IG?R%PMG%L@AD=PG?;E=@AR% ?G\>GLE=AJ%;Q@ME%IG?%;AP%D@%@AR%VIG?%C=D=@A%@\%Y%vJ?;PM;>>Nw%;>EG?DX_%/IG%P=DL@CG?D%EI;E%Y% =D% VA@E% CM>J;?% QME% ?G\?GDI=AJ>N% D=<H>GR% A@E% MAP=JA=\=GP% QME%DH@AE;AG@MDR% A@E% A@=DN% QME% J;NR% A@E% E=?GD@<G>N% ^MCGA=>G% QME%PG>=JIE\M>>N%N@MEI\M>X%aKM?P@LI%7112R%c7cb_%%%

KM?P@LIiD% P=DLMDD=@AR% ;AP% !G=>iD% GCGA% <@?G% D@R% ;>G?ED% MD% E@% ;A%=<H@?E;AE% P=<GAD=@A% @\% ?GDH@AD=Q=>=EN_% /IG% ?G<=APD% MD% @\% @M?%?GDH@AD=Q=>=EN% A@E% @A>N% \@?%`I;E%`G% P@R% QME% \@?% I@`%`G% DGG% HG@H>G_%TM?EIG?<@?GR%DIG%?G<=APD%MD%@\%EIG%\;LE%EI;E%;%LG?E;=A%`;N%@\%>@@S=AJ%;E% HG@H>G% <;N% L@ADE=EMEG% ;% LI;AJG% =A% EIG% `;N%`G% \GG>% ;Q@ME% EIG<_%$IG?G%;?GR%;D%=E%`G?GR%P=\\G?GAE%`;ND%=A%`I=LI%.%<;N%;HH?@;LI%HG@H>G_%.%<;N%`G>L@<G%HG@H>G%`=EI% ;A% @HGA%IG;?E% ;AP%<=APR% QME% .%<;N% ;>D@%=JA@?G% EIG<%;AP%?G^GLE% EIG<% \?@<%<N% >=\G_%$IMDR%KM?P@LIiD%;LL@MAE%;>G?ED% MD% E@% EIG% H>;LG% @M?% #H&--&55% @?% (&5H#-543&-&55! E@% @EIG?D% I;D% =A%>@CG_23% &CGA% =\% >@CG% L;AA@E% QG% D;=P% E@% L@<G% ;Q@ME% QN% ;A% ;LE% @\%`=>>R%EIG?G%;?G%;%AM<QG?%@\%`;ND%=A%`I=LI%=A%@M?%P;N%E@%P;N%>=\G%`G%<;N%\;=>%E@% VQG% ;>=CGX21% E@% aEIG% ?G;>=E=GD% @\b% @EIG?% HG@H>G% ;AP% EIG?GQN% \;=>% E@%;LSA@`>GPJG%EIG%H>;LG%EIGN%;AP%>@CG%L@M>P%I;CG%=A%@M?%>=\G_%%

#E%E=<GD%EI=D%>;LS%@\%?GDH@AD=CGAGDD%<;N%DG?CG%;D%;%?G\MD;>_%.%D;NR%V.%L;AA@E% >@CG%N@M%;AN<@?GXR%<G;A=AJ%A@ER% V.%P@%A@E% \GG>%;ANEI=AJ% \@?%N@M%;AN%<@?GX%QME%V.%A@%>@AJG?%DGG%;AN%H@DD=Q=>=E=GD%@\%DI;?=AJ%<N%>=\G%`=EI%N@M_X%.%<;N%DE=>>%\=AP%<NDG>\%`;AE=AJ%E@%QG%`=EI%N@M%@?%<=DD=AJ%N@M_%.%L@AE=AMG%I;C=AJ%L@ACG?D;E=@AD%;AP%;?JM<GAED%`=EI%N@M%=A%<N%IG;PR%QME%.%A@%>@AJG?%`;AE%E@%<GGE%N@M%;AP%`IGAGCG?%`G%P@%=E%DE=?D%MH% P=\\=LM>E%<G<@?=GD_% .A% E=<GR% EI=D% PGD=?G% E@% QG%`=EI% N@M%<;N% ;>D@%\;PG_%*?R%D@%.%<;N%I@HG_%#E%@EIG?%E=<GDR%<N%>;LS%@\%?GDH@ADG%E;SGD%EIG%\@?<%@\%AGJ>=JGALG_%T@?%`I;EGCG?%?G;D@AR%QG=AJ%E@@%L;MJIE%MH% =A%<N%@`A%EI@MJIED%E@%?GL@JA=eG%`I;E%=D%I;HHGA=AJ%E@%N@M%@?%E@@%E=?GP%E@%QG%;`;?G%@\% =ER% .% ;<%Q>=AP% E@%N@M_%j@M?%H?GDGALG%P@GD%A@E% ?G;LI%<GR%@?%E@MLI%<G%\M>>N_%#E%@EIG?% E=<GD%;J;=AR% .%?G;LE%L;>>@MD>N%@?%LNA=L;>>N% E@%EIG% AGGPD% @\% @EIG?% HG@H>GR% ?GL@JA=e=AJ% EIG<% ;D% AGGPD% QME% EM?A=AJ%;`;N%\?@<%EIG%PG<;APD%EIGN%<;SG%@A%<G_%#%<@<GAE;?N%=ADE;ALG%@\%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%23%$IG% ?G<;?SD%@A% EIG%AGGP% E@% L@AD=PG?%P=\\G?GAE%;DHGLED%@\% ?GDH@AD=CGAGDD% a/L?ME@A%7138R%68R%cFb%=A%DGgM;>%PGD=?G%=D%@AG%@\%EIG%<@?G%=AD=JIE\M>%H;?ED%@\%l@JG?%/L?ME@AiDR%=A%<;AN%H>;LGDR%E?M>N%@PP%Q@@S%;Q@ME%EIG%DMQ^GLE_%KN%<;=A%H@=AED%@\%P=D;J?GG<GAE%`=EI%;DHGLED%@\%EI=D%`@?SR%D@<G%@\%`I=LI%.%`=>>%?GEM?A%E@%>;EG?R%=D%EI;E%IGR%=A%I=D%G<HI;D=D%@A%?G;D@A=AJ% ;AP% ?;E=@A;>=ENR% \;=>D% E@% ;LL@MAE% DM\\=L=GAE>N% \@?% I@`% L@ADE=EME=CG% @M?%?GDH@AD=CGAGDD%E@%EIG%`@?>P%;AP%E@%@EIG?%HG@H>G%=D%\@?%EIGDG%a<@?G%?G;D@AGPb%;DHGLED%@\%@M?%>=\G_%%21%$I=D%`;N%@\%HMEE=AJ%=E%`;D%=ADH=?GP%QN%OI=>%"MELI=AD@AiD%a6FF3b%P=DLMDD=@A%@\%`I;E%IG%L;>>D%X`@?>P%E;S=AJ%L@JA=E=C=D<X_%

! > + ! - # F ! + ! - # F ! + ! - # F ! + ! - # ? !

!

; D ; !

EI=D%S=AP%@\%P=D?GJ;?P%\@?%@EIG?%HG@H>G% =D%@\EGA%;A%;DHGLE%@\%;AJG?_%#%\M?EIG?%=AEG?GDE=AJ%L;DG%`I=LI%\;>>D%QGE`GGA%EIG%>;DE%E`@%=D%L@ADE=EMEGP%QN% EIG% `;ND% =A% `I=LI% <N% ?GDH@ADGD% E@% @EIG?D% <;N% QG% AM<QGP% QN%I@??=\=L%GCGAED%;AP%EIG%`?@AJP@=AJD%@\%@EIG?%HG@H>G_%.%P@%A@E%?GDH@AP%E@%D@<GEI=AJ%`=EI%EIG%D;<G%@ME?;JG%@?%D;PAGDD%EI;E%.%MDGP%E@%P@_%

$IGDG% ?G<;?SD% L;>>% ;EEGAE=@A% E@% EIG% S=AP% @\% =APGEG?<=A;LN% EI;E% .%I;CG% D;=P% =D% LI;?;LEG?=DE=L% @\% @M?% G<@E=@A;>% >=\G_% $IGN% ;>D@% H;CG% EIG%`;N% \@?% BMGDE=@AD% ;Q@ME% I@`% `G% DI@M>P% MAPG?DE;AP% EIG% P=\\G?=AJ%<@?;>% ?G;LE=@AD% @\% P=\\G?GAE% HG@H>G_% !=EI% ?GJ;?P% E@% >@CGR% ;AP% EIG%DMQ^GLE%@\%EI=D%LI;HEG?R%I@`GCG?R%EIGN%H@=AE%@ME%EIG%<@?;>%D=JA=\=L;ALG%@\% <N% P=\\G?GAE% ?GDH@ADGDR% ;D% `G>>% ;D% <N% ?GDH@AD=CGAGDDR% E@% @EIG?%HG@H>G% ;AP% EIG% <@?;>% PG<;AP% E@% MAL@AP=E=@A;>>N% GAEG?% =AE@% <N%?G>;E=@ADI=HD%`=EI%@EIG?%HG@H>G_%%

$IG% \;=>M?G% E@%P@% D@R% ;D%`G>>% ;D% EIG% ;`;SGA=AJ% ?GL@JA=E=@A%@\% EI=D%PG<;APR%=D%H@?E?;NGP%=A%,=LS%"@?AQNiD%U?#0$!,!R#)_!$IG%Q@@S%a6FFFb%;AP% \=><% a6FF6b% \@>>@`D% EIG% LI;AJGD% EI;E%!=>>R% ;% DMHG?\=L=;>% H>;NQ@NR%MAPG?J@GD% EI?@MJI% I=D% <GGE=AJ% ;AP% J?@`=AJ% \?=GAPDI=H% `=EI% EIG%E`G>CG%NG;?%@>P%Q@N%K;?LMD_%)G\@?G%<GGE=AJ%K;?LMDR% =E% =D% \;=?% E@% D;N%EI;E% HG@H>G% P=P% A@E% ?G;>>N%<;EEG?% E@%!=>>_% $I=D% \;=>M?G% E@% ?GDH@AP% E@%HG@H>G% =A% ;% >@C=AJ% `;N% L;AA@E% H?=<;?=>N% QG% GgH>;=AGP% QN% ;% >;LS% @\%\GG>=AJD_%!G%<=JIE%`G>>%EI=AS%EI;E%IG%\GG>D%D@<G%EI=AJD%\@?%EIG%`@<GA%`I@<% IG%<GGED% ;AP% E?G;ED% ;D% L@<<@P=E=GD% \@?% I=D% @`A% GA^@N<GAE_%#HH;?GAE>N%IG%=D%;EE?;LEGP%E@%EIG<%;AP%IG%;>D@%\=APD%H>G;DM?G%=A%EIG<%\@?%;%`I=>G_%"=D%\;=>M?G%?;EIG?%>=GD%=A%A@E%;>>@`=AJ%EIG<%E@%GAEG?%I=D%>=\G%;D% @EIG?% IM<;A% QG=AJDR% =A% A@E% ?GDH@AP=AJ% E@% EIG<% ;D% D@<G@AG% IG%L@M>P% >@CGR% @?%`I@% L@M>P%<;EEG?% E@% I=<% =A%P=\\G?GAE%`;ND_% .\% IG% ^MDE%E@@S%EIG%E=<G%E@%>@@S%;E%;AP%QG%`=EI%HG@H>G%=A%;%LG?E;=A%`;NR%`G%<;N%EI=ASR%IG%`@M>P%;>D@%\GG>%>@CG%\@?%EIG<_%%

$I=D% =D%;>D@%`I;E%I;HHGAD% =A%!=>>iD%<GGE=AJ%`=EI%K;?LMD_% WMDE%QN%QG=AJ%`=EI% EIG% Q@NR% QN% D=<H>N% >GEE=AJ% I=<% =AE@% I=D% I@MDGpE@% QGJ=A%`=EI% >=EG?;>>N%`IGA%K;?LMD% DE;?ED%;HHG;?=AJ%;E%I=D%P@@?%;\EG?% DLI@@>R%;AP%EIGA%;>D@%<GE;HI@?=L;>>N%=A%EIG%DGADG%@\%>GEE=AJ%I=<%=AE@%I=D%>=\Gp=E% QGL@<GD% P=\\=LM>E% \@?%!=>>% E@% DIME% I=<DG>\% @ME% @\% K;?LMDiD% >=\G_% .E%QGL@<GD%P=\\=LM>E%A@E%E@%L;?GR%;AP%=A%L@<=AJ%E@%L;?G%\@?%K;?LMD%=E%;>D@%QGL@<GD%P=\\=LM>E%A@E% E@%L;?G%;Q@ME% EIG%@EIG?%HG@H>G% =A%K;?LMDiD% >=\GR%DMLI%;D%I=D%<@EIG?%`I@% =D% DM\\G?=AJ% \?@<%PGH?GDD=@A_%"G?GR% EIG% \=><%<;SGD% IG;CN% MDG% @\% EIG% A@E=@A% EI;E% L;?=AJ% \@?% @AG% IM<;A% QG=AJR%<;SGD%N@M%L;?G%\@?%@EIG?D_%.E%<=JIE%D@MAP%>=SG%;%L>=LIdR%QME%=E%<;N%QG%D;=P%EI;E%MAPG?DE;AP=AJ%`I;E%=E%<G;AD%E@%L;?G%\@?%@AG%HG?D@A%>@J=L;>>N%=AC@>CGD%L;?=AJ%\@?%@EIG?D%;D%`G>>R%E@%QGJ=A%`=EI%EIG%HG@H>G%`I@<%EIG%@AG%.%L;?G%;Q@ME%L;?GD%;Q@ME_%.\%!=>>%P=P%A@E%L;?G%;Q@ME%`I;E%I;HHGAGP%

& 2# % + # $ !

!

; D D !

E@%K;?LMDiD%<@EIG?R% D;NR%`G% L@M>P% L?=E=L=eG%I=<% \@?%A@E% ?G;>>N! @,(4-+%;Q@ME%K;?LMD_%%

$IG% L@ALGHE% @\% V;EEGAE=@AXR% EIMDR% DG?CGD% E@% ;?E=LM>;EG% @AG% @\% EIG%PG<;APD%`G%L;A%?GL@JA=eG%=A%?GJ;?P=AJ%@M?%?G>;E=@ADI=HD%=A%EIG%>=JIE%@\%>@CG_%.%L;A%;LLGHE%?GDH@AD=Q=>=EN%;AP%\@?%A@E%J=C=AJ%HG@H>G%EIG%H>;LG%=A%<N% >=\G% =A%`I=LI% .%L;A%L@<G%E@%?GDH@AP%E@% EIG<%;AP%?G;LE% =A%AG`%;AP% DH@AE;AG@MD%`;ND_% .% L;A% QG% Q>;<GP% \@?% A@E% J=C=AJ% @\%<NDG>\% E@%@EIG?D% QME% =JA@?=AJ% ;AP% AGJ>GLE=AJ% EIG<% =A% <N_% .% L;AR% ;D% l;=<@AP%h;=E;% D;NDR% QG% V?GBM=?GP% E@% >@CG% QGEEG?X% ah;=E;% 7111R% 65b_3F% $IG%G<HI;D=D%@A%;EEGAE=@AR%I@`GCG?R% DI@M>P%A@E%@A>N%QG%@A%;EEGAP=AJ% E@%HG@H>G%=A%JGAG?;>%QME%@A%EIG%S=AP%@\%V>@C=AJ%;EEGAE=@AX%E@%@Q^GLED%;AP%HG@H>G% @\% `I=LI% Q@EI% KM?P@LI% !G=>% ;AP% K=SI;=>% );SIE=A% a7133b%DHG;S_%.E%=D%A@E%@A>N%>@CG%EI;E%<;N%QG%D;=P%E@%I=JI>=JIE%@M?%HG?LGHE=@AR%;AP% D@<GE=<GD% QG% ;LLMDGP% @\% P;?SGA=AJ% @M?% ^MPJG<GAED_% $I=D% =D% ;%LI;?;LEG?=e=AJ% \G;EM?G% @\% ;>>% @\% EIG% G<@E=@AD_% OM>>=AJ% @M?% \@LMD% E@%P=DE=ALE%\G;EM?GD%@\%@M?%D=EM;E=@A%EIG%P=\\G?GAE%G<@E=@AD%H?GDGAE%=E%=A%;%P=DE=ALE%>=JIE_%%

WMDE%EI=AS%@\%EIG%`;N%=A%`I=LI%EIG%DG;?=AJ%>=JIE%@\%I;E?GP%DI@`D%MH%GCG?N% PGE;=>% @\% EIG% I;EGP% @Q^GLE% ;D% \>;`GP_% !=EI% <G?L=>GDD% ;AP%<GE=LM>@MD%;EEGAE=@A%GCG?N%;DHGLE%@\% EIG%I;EGP%@EIG?% =D%GgH@DGP_%$IG%D=JIE% @\% I=<% =D% ;% DE?;=A% E@% EIG% GNG_% $IG% D@MAP% @\% I=D% >;MJIEG?% J?;EGD%MH@A%N@M?%G;?_%&CGA%I=D%Q?G;EI%=D%;%L;MDG%\@?%=??=E;E=@A_%:@<H;?G%EI=D%E@% EIG% `;N% =A% `I=LI% =A% >@CG% N@M% <;N% LIG?=DI% ;AP% ?G^@=LG% =A% GCG?N%;DHGLE%@\%EIG%@AG%N@M%>@CGR%\=AP=AJ%L@<\@?E%=A%IG?%Q?G;EI=AJ%;E%A=JIER%>@C=AJ>N% L@MAE=AJ% GCG?N% GNG>;DI% ;AP%`?=AS>G_% l;EIG?% EI;A% GgH@D=AJ%EIG% @EIG?% =A% EIG% L@>P%;AP%MA\@?J=C=AJ% >=JIE% @\%I;E?GPR% @AG% L@M>P% D;N%EI;E%>@CG%`?;HD%EIG%@EIG?%=A%;%`;?<%;AP%L;?=AJ%>=JIE_%37%%

KM?P@LIiD%DE?GDD%@A%>@C=AJ%;EEGAE=@A%;>D@%?G<=APD%MD%@\%EIG%`;ND%=A%`I=LI%>@C=AJ%<;N%=AC@>CG%;%DE?MJJ>G_%$IG?G%;?G%E=<GD%;E%`I=LI%.%<;N%E;SG%;%DH@AE;AG@MD%P=D>=SG%E@%D@<G@AG%;AP%;E%`I=LI%;%L@ADL=@MD%G\\@?E%@A%<N%D=PG%=D%AGGPGP%E@%DGG%D@<GEI=AJ%G>DG%=A%I=<%EI;A%EI;E%`I=LI%.%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%3F% $IG%S=APD%@\% L>;=<D%;AP% ?GBM=?G<GAED% @EIG?%HG@H>G% L;A%QG% D;=P% E@% =<H@DG%@A%<G%`=>>R%@\%L@M?DGR%PGHGAP%@A%EIG%S=AP%@\%?G>;E=@ADI=H%.%I;CG%`=EI%D@<G@AG%;D%`G>>%;D%@A%EIG%=AP=C=PM;>%?G>;E=@ADI=H_%!I;E%<;N%QG%?GJ;?PGP%;D%;%\;=>M?G% =A%<N%G?@E=L% >@CG%\@?%N@MR% DMLI% ;D% A@E% EI=AS=AJ% ;Q@ME% N@M% =A% LG?E;=A% D=EM;E=@ADR% <;N% A@E% L@ADE=EMEG% ;%H?@Q>G<%=A%;%\?=GAPDI=H_%37%$IGDG%L@AD=PG?;E=@ADR%;D%`G%`=>>%DGG%=A%EIG%L@AE=AM=AJ%P=DLMDD=@AD%@\%=PG;>=e;E=@AD%@\%>@CG%aDGG%LI;HEG?%2%;AP%3bR%<;N%>G;P%@AG%E@%?;=DG%BMGDE=@AD%;D%E@%`I=LI%HG?DHGLE=CG%@A%HG@H>G%DI@`%EIG<%;D% EIGN%VE?M>NX%;?G_%KN%;=<%;E% EI=D%H@=AE%I@`GCG?R% =D%A@E% E@%J=CG%H?=@?=EN%E@%G=EIG?%HG?DHGLE=CG_%/@%\;?R%.%L@AEGAE%<NDG>\%`=EI%H@=AE=AJ%@ME%EIG%P=\\G?GALGD%QGE`GGA%EIGDG%E`@%L;DGD_%%

! > + ! - # F ! + ! - # F ! + ! - # F ! + ! - # ? !

!

; D < !

\=?DE%D;`_%,GCG?EIG>GDDR%.%<;N%EI=AS%EI;E%.%;<%?GDH@AD=Q>G%\@?%E?N=AJ%E@%J=CG% I=<% EIG% QGDE% ?G;P=AJ% H@DD=Q>G_% .%<;N% E?N% E@% HME% ;D=PG%<N% I;?P%\GG>=AJD%;AP%>=DEGA%E@%I=<%`=EI%;A%@HGA%<=AP_%$I=D%G\\@?E%@A%<N%D=PG%<;N%GCGA%QG%AGLGDD;?N%\@?%<G%E@%L;?G%\@?R%QG%\?=GAPD%`=EIR%@?%GCGA%>@CG%I=<R%@?% ^MDE% E@%QGI;CG%PGLGAE>N% E@`;?PD%I=<_%$I=D%S=AP%@\%G\\@?ER% EIG%;EEG<HE% E@% @HGA% MH% E@% @EIG?% HG@H>GR% `G% L@M>P% D;NR% =D% ;A% @A4J@=AJ%LI;>>GAJG% =A% >@CG_% #D% KM?P@LI% a7112b% D;NDR% VK% =D% GAJ;JGP% =A% ;A%GAP>GDD% E;DSX% ac72b_% :>G;?>N% EIG?G% =D% A@% GAP% E@% EIG% S=AP% @\%MAPG?DE;AP=AJ%`G%<;N%J;=A%@\%D@<G@AG%EI?@MJI%GAJ;J=AJ%`=EI%IG?%=A%>@CG_%%

,GCG?EIG>GDDR% EIG?G% ;?G% H?@Q>G<D% =AC@>CGP% =A% EIG% G<HI;D=D% @A%G\\@?E% ;AP% DE?MJJ>GD% =\% `G% E;SG% EI=D% E@% <G;A% EI;E% EIG?G% =D% ;% LG?E;=A%H?@LGPM?G% `G% I;CG% E@% J@% EI?@MJI_% !IGA% KM?P@LI% DHG;SD% @\% K%;EEG<HE=AJ% E@% V>@@S% ;J;=AXR% =E% D@MAPD% ;D% =\% =E% =D% EI?@MJI% EIG% ;LE% @\%>@@S=AJ% EI;E% DIG% L@<GD% E@% ?G;LE%P=\\G?GAE>N% E@`;?PD%IG?%P;MJIEG?4=A4>;`_% $I=D% =JA@?GD% EIG% =AD=JIE% EI;E% EIG% ?GL@JA=E=@A% EI;E% IG?% `;N% @\%C=G`=AJ%Y%<;N%QG%MA\;=?%;>?G;PN%=AC@>CGD%;%LI;AJG%=A%`I;E%DIG%DGGD_%/IG% A@% >@AJG?% DGGD% IG?%PGDL?=HE=@AD% @\%Y% ;D% ?GDH@AD=CG% E@%YR% QME% ;D%GgH?GDD=CG%@\%IG?%@`A%AGJ;E=CG%\GG>=AJD%\@?%IG?_%$IG?G%=D%=A%EI=D%`;N%A@%H;?E=LM>;?%V;LEDX%=AC@>CGP%=A%L@<=AJ%E@%DGG%Y%>@C=AJ>N_%.E%=D%A@E%EI;E%K%?G;>=eGD%EI;E%DIG%=D%H?G^MP=LGP%;AP%^G;>@MD%;AP%EIGA%I;D%E@%J@%EI?@MJI%EIG% H?@LGPM?G% @\% >@@S=AJ% ;E%Y% E@% DGG% IG?% P=\\G?GAE>N_% $IG% ?G;>=e;E=@A%EI;E% IG?% PGDL?=HE=@AD% ;?G% H?G^MP=LGP% ;AP% ^G;>@MD% ;>?G;PN% =AC@>CG% ;A%@HGA=AJ%MH%E@%aDGG=AJ%IG?%=A%EIG%>=JIE%@\b%>@CG_%.E%<;N%@\%L@M?DG%QG%EI;E%DIG%DE=>>%?G;LED%E@%IG?%`=EI%^G;>@MDN%;AP%H?G^MP=LGR%DIG%\;=>D%E@%>@CGR%QME%EI=D% \;=>M?G% P@GD% A@E% L@AD=DE% =A% ;AN% H;?E=LM>;?% ;LE=@AD% QME% =D% ;%L@AE=AM;E=@A%@\%IG?%P=\\=LM>EN%E@%>@@S%;E%IG?%P;MJIEG?4=A4>;`%`=EI%>@CG_%%

!G% <;N% L@<H;?G% EIGDG% L@AD=PG?;E=@AD% E@% !=EEJGADEG=AiD% a7182b%?G<;?SR%V/GG=AJ%=D%A@E%;A%;LE=@A%QME%;%DE;EG_%a#%J?;<<;E=L;>%?G<;?SbX%aq6F3b_%$IG%?G<;?S%=D%G<QGPPGP%=A%;%P=DLMDD=@A%@\%`I;E%=E%<G;AD%E@%5&&!5#'&$%4-+! ,5! 5#'&$%4-+% ;AP% =D% P=?GLEGP% ;E% EIG% A@E=@A% EI;E% DGG=AJ% aEIG%\=JM?G ;D%G=EIG?%;A%T%@?%EIG%<=??@?%=<;JG%@\%;A%Tb%=AC@>CGD%;A%;LE%@\%=AEG?H?GE;E=@A% ;AP% EIG?G\@?G% =D% ;A% ;LE=@A_% $I=D% =PG;% ;>D@% I;D%?GHG?LMDD=@AD% \@?% @M?% MAPG?DE;AP=AJ% @\% EIG% A@E=@A% @\% G<@E=@AD% ;D% ;%5&&4-+9,5_36% .E% =D% EG<HE=AJ% E@% E;SG%EIG%P=\\G?GAE%PGDL?=HE=@AD%GgH?GDD=CG%@\%G<@E=@AD%`I=LI%HG@H>G%<;N%J=CG%;D%@\\G?=AJ%Gg;<H>GD%@\%EIG%`;ND%=A% `I=LI% G<@E=@AD% =AC@>CG% GALI;AEGP% >@@SD% ;E% ;A% @EIG?`=DG%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%36%/GG%";<>NA%a713cbR%l@QG?ED%a6FFcbR%:;>I@MA%a713mb%\@?%;%P=DLMDD=@A%@\%EI=DR%;D%`G>>%;D%<N%P=DLMDD=@A%=A%LI;HEG?%6_%%

& 2# % + # $ !

!

; D B !

P=DGALI;AEGP% `@?>P_% $I=D% =JA@?GD% EIG% =<<GP=;LN% `=EI% `I=LI% .%HG?LG=CG%EI=AJD%@\%`I=LI%!=EEJGADEG=AiD%?G<;?S%=D%;%?G<=APG?_% .E%;>D@%=JA@?GD%EIG%DGADG%=A%`I=LI%@M?%G<@E=@AD%L;A%QG%D;=P%E@%>GAP%DI;HG%E@%EIG%`@?>P_%*M?%DGG=AJ%=A%G<@E=@A%P@GD%A@E%=AC@>CG%;A%=AEG?H?GE;E=@A%@?%GC;>M;E=@A% @\% D@<G% J=CGA% \;LED% QME% ;% DH@AE;AG@MD% ?G;LE=@A% E@`;?PD%LG?E;=A%;DHGLED%@\%EIG%D=EM;E=@A%;AP%E@%@EIG?%HG@H>GR%`I=LI%=A%=EDG>\%=D%;%L@ADE=EME=CG% \G;EM?G%@\%`I;E% EIGDG% D=EM;E=@AD%,(&R%;D%`G>>%;D%`I;E%@M?%<GGE=AJD%`=EI%@EIG?%HG@H>G!'&,-_%%

+ + + !>#$"&!2#*&!,+%.!A&&6+$3?!

$IG%;Q@CG%?G\>GLE=@AD%<;N%>G;P%@AG%E@%EIG%\@>>@`=AJ%L@AL>MD=@A0%'@CG%=D% ;LE=CGR% @?% `=EI=A% @M?% L@AE?@>R% =A% EIG% DGADG% EI;E% `G% <;N% E?N% E@%;HH?@;LI%HG@H>G%=A%DMLI%;%`;N%EI;E%=E%=D%H@DD=Q>G%\@?%\GG>=AJD%@\%>@CG%E@%;`;SGA_% /MLI% ;A% ;HH?@;LI%<;N% =AC@>CG% Q@EI% I@`% .% ;LE% ;AP% QGI;CG%E@`;?PD%HG@H>G%;AP%I@`%.%E?N%E@%C=G`%EIG<_%.%E?N%E@%J=CG%EIG<%;%J@@P%?G;P=AJ% ;AP% D@% @A_% ,GCG?EIG>GDDR% =E% =D% H;DD=CG% =A% EIG% DGADG% EI;E% `G%L;AA@E%Q?=AJ%;Q@ME%EIGDG%\GG>=AJD%QN%`=>>_%$I=D%L@M>P%QG%DGGA%;D%@AG%@\%EIG%`;ND%=A%`I=LI%@M?%DH@AE;AG@MD%\GG>=AJD%L;A%QG%D;=P%E@%L@ADE=EMEG%;%>=<=E% E@% @M?% `=>>_% $IGN% I;CG% ;% L@ADE=EME=CG% ?@>G% =A% `I;E% `G% L;A%<G;A=AJ\M>>N% QG% D;=P% E@%`;AE_%!G%<;N%I@HG% @?%`=DI% EI;E%`G% L@M>P%\GG>%;%LG?E;=A%`;N%=A%;%LG?E;=A%D=EM;E=@AR%QME%=E%=D%A@E%MH%E@%MD%`IGEIG?%`G%P@_%

.A% EI=D% H=LEM?G% @AG% <;N% QG% =AL>=AGP% E@% D;N% EI;E% `I;E% .% ;LLGHE%?GDH@AD=Q=>=EN% \@?% =A% H?@<=D=AJ% E@% >@CG% N@M% =D% E@% HG?\@?<% LG?E;=A%;LE=@AD% @?% E;SG% MH% LG?E;=A% ;EE=EMPGD% EI;E% GA;Q>G% @?% DMDE;=A% >@CG_%:@<H;?G% EI=D% E@% .PP@%';AP;M%a6FFmb%`I@%L>;=<D% EI;E% EIG%H?@<=DG%@\%>@CG%=D%;%H?@<=DG%E@%HG?\@?<%V>@CG4DMDE;=A=AJ%;LEDX%am22b_3c%"@`GCG?R%.%;<% A@E% V?G;>>NX% ?GDH@AD=Q>G% \@?% >@CGR% =A% EIG% DGADG% EI;E% .% ;<% A@E%?GDH@AD=Q>G% \@?% `I;E% .% DH@AE;AG@MD>N% \GG>% @?% P@% A@E% \GG>_% .A% @EIG?%`@?PDR% =\%N@M%;AP%.%`G?G% E@%V\;>>%@ME%@\X% >@CG%;AP%\GG>%JM=>EN% \@?%A@E%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%3c% #D% Gg;<H>GD% @\% `I;E% EIGDG% V=A% EIG% <@PG?A% !GDE% v<;Nw% ENH=L;>>N% =AL>MPGX% IG%DMJJGDEDR%V;<@AJ%@EIG?%EI=AJDR%DMHH@?E=AJ%@AGiD%DH@MDG%G<@E=@A;>>Nn%IG>H=AJ%I=<%@?%IG?%E@%L@HG%`=EI%HIND=L;>%P=\\=LM>E=GDn%DI;?=AJ%`=EI%@AGiD%DH@MDG%;%D=JA=\=L;AE%H;?E%@\%@AGiD%EI@MJIEDR%\GG>=AJDR%;AP%I@HGD%a=AL>MP=AJ%EI@DG%EI;E%@AG%P@GD%A@E%A@?<;>>N%DI;?G%`=EI%@EIG?Dbn% =ACGDE=AJ% E=<G%;AP%G\\@?E% =A%GAI;AL=AJ% EIG%`G>>4QG=AJ%@\%@AGiD% DH@MDGn%DI;?=AJ% ?GL?G;E=@A;>% ;LE=C=E=GDn% DI@`=AJ% @AGiD% DH@MDG% EI;E% IG% @?% DIG% =D% L@AD=PG?GP%DHGL=;>% E@% @AGn% ?G\?;=A=AJ% \?@<% GgE?;<;?=E;>% DGgM;>% ;\\;=?Dn% ;AP% ?G\?;=A=AJ% \?@<%?GCG;>=AJ% DGL?GED% @?% =DDMGD% EI;E% @AGiD% DH@MDG% L@AD=PG?D% H?=C;EGX% a';AP;M% 6FFmR% m284m22b_%%

! > + ! - # F ! + ! - # F ! + ! - # F ! + ! - # ? !

!

; D I !

>@C=AJ% G;LI% @EIG?% ;AN% >@AJG?R% =E% `@M>P% QG% ?G;D@A;Q>G% \@?% MD% E@% \GG>%JM=>EN% \@?%A@E%I;C=AJ%H;=P%G;LI%@EIG?%;% LG?E;=A%S=AP%@\%;EEGAE=@AR% \@?%A@E%L?G;E=AJ%?@@<%\@?%EIG%@EIG?%=A%@M?%>=\G_%.E%`@M>P%A@ER%I@`GCG?R%QG%?G;D@A;Q>G%@?%GCGA%<;SG%DGADG%\@?%MD%E@%\GG>%JM=>EN%\@?%A@E%\GG>=AJ%EIG%`;N% `G% P=P% QG\@?GR% \@?% A@E% ?GDH@AP=AJ% E@% G;LI% @EIG?% =A% EIG% D`GGE%DH@AE;AG@MD%`;ND%EI;E%LI;?;LEG?=eGP%@M?%\@?<G?%QG=AJ%=A%>@CG_%%

,@AGEIG>GDDR% =E% =D% \;?% \?@<% MA=AEG>>=J=Q>G% EI;E%`G%<;N% \GG>% JM=>EN%H?GL=DG>N%\@?%I;C=AJ%V>@DE%EI;E%>@C=Ai%\GG>=AiX%a$IG%l=JIEG@MD%)?@EIG?D%718mb_%:G?E;=A>N%`G%<;N%Q>;<G%@M?DG>CGD%\@?%A@E%;EEGAP=AJ%GA@MJI%E@%G;LI%@EIG?R%@?%\@?%A@E%;EEGAP=AJ%E@%G;LI%@EIG?%;E%;>>R%QME%`G%<;N%;>D@%Q>;<G%@M?DG>CGD%\@?%A@E%;EEGAP=AJ%E@%G;LI%@EIG?%=A%EIG%?=JIE%`;NR%74$%!*&&84-+_%OG?I;HD%`G%I;CG%GCGA%E?=GP%E@%L?G;EG%?@@<%\@?%\GG>=AJ%=A%EIGDG%`;ND% QME% I;CG% A@E% DMLLGGPGP_%#E% EI=D% H@=AER% D@<G@AG% L@<<=EEGP% E@%EIG%=PG;%EI;E%`G%;?G%@A>N%?GDH@AD=Q>G%\@?%@M?%;LE=@AD%L@M>P%D;N0%V!G>>R%GCGA%=\%N@M%<;N%*&&8%?GDH@AD=Q>G%\@?%=ER%4-!*,@$%N@M%;?G%A@E_X%$@%;%LG?E;=A%GgEGAER% EI=D% =D% ;>D@% ?=JIE_%,@Q@PN%G>DG% L@M>P%Q>;<G%MD% \@?%A@E% >@C=AJ%;AN<@?G_%,@Q@PN%G>DG%L@M>P%I@>P%MD%?GDH@AD=Q>G%\@?%=E%=A%EIG%`;N%`G%;?G% IG>P% ?GDH@AD=Q>G% \@?% @M?% PG>=QG?;EG% ;LE=@AD_%!G%<;N% ;>D@% ?G;>=eG%EI;E%EIG?G%=D%A@EI=AJ%`G%L;A%P@%;Q@ME%=E%@M?DG>CGD_%%

"@`GCG?R%EIG?G%=D%A@%?G;D@A%\@?%E;S=AJ%EI=D%E@%<G;A%EI;E%`G%;?G%A@E%4-! *,@$% @?% (&,88)% ?GDH@AD=Q>G_% .E% =D%A@E% DGADG>GDD% E@% \GG>% ?GDH@AD=Q>G% \@?%>@CG%@?% E@%?G;LE% E@%@M?% >;LS%@\%@?% \;=>M?G% E@% >@CG%`=EI%JM=>E%@?% DI;<G_%$IG% ?G;>=e;E=@A% EI;E%`G% L;AA@E% P@% ;ANEI=AJ% ;Q@ME% @M?% \GG>=AJD%<;N%`G>>%\=>>%MD%`=EIR%;AP%QG%GgH?GDD=CG%@\R%Q=EEG?AGDD%;AP%PGDH;=?_%$I=D%;>D@%<;?SD% ;A% ;DN<<GE?N% QGE`GGA% `I;E% =E% <G;AD% E@% E;>S% ;Q@ME%?GDH@AD=Q=>=EN%\?@<%;%EI=?P%;AP%;%\=?DE%HG?D@A%HG?DHGLE=CG_%!IG?G;D%`G%<;N%EI=AS%EI;E%@M?%H?;LE=LG%@\%I@>P=AJ%@EIG?%HG@H>G%;LL@MAE;Q>G%;AP%Q>;<=AJ%EIG<%\@?%EIG=?%;LE=@AD%DI@M>P%A@E%GgLGGP%;%?G;D@A;Q>G%>=<=EpVj@Mi?G%QG=AJ%E@@%I;?DI%@A%I=<_%:;AiE%N@M%^MDE%\@?J=CG%I=<ZXpEIG?G%=D%A@%J=CGA%>=<=E%E@%I@`%\;?%<N%?GDH@AD=Q=>=EN%=A%\?@AE%@\%')5&8*!<=JIE%DE?GELI_%*\%L@M?DGR%EIG?G%<;N%L@<G%;%H@=AE%;E%`I=LI%.%AGGP%E@%\@?J=CG%<NDG>\%@?%?GL@AL=>G%<NDG>\%`=EI%A@E%DMLLGGP=AJ%=A%P@=AJ%GCG?NEI=AJ%.%E;SG%@A%<NDG>\%E@%P@_%"@`GCG?R%;D%\;?%;D%.%DGG%D@<GEI=AJ%;D%GgH?GDD=CG%@\%<GR%=E%<;SGD%DGADG%E@%\GG>%;AP%EI=AS%@\%<NDG>\%;D%?GDH@AD=Q>G%\@?%=E_%$IG% JM=>E% ;AP% ?G<@?DG% .% \GG>% @#-5$4$0$&5%<N% MAPG?DE;AP=AJ% @\%`I;E% .%I;CG%P@AG%@?%\;=>GP%P@_%.E%GgH?GDDGD%`I;E%=E%<G;AD%E@%EI=AS%@\%<NDG>\%;D%;%?GDH@AD=Q>G%QG=AJ_%

$I=D%=D%A@E%E@%D;N%EI;E%=E%=D%@A>N%<NDG>\%EI;E%.%<;N%I@>P%?GDH@AD=Q>G%\@?% DH@AE;AG@MD% ?G;LE=@AD_% Y;C=P%:@LSQM?A% H@=AED% @ME% EI;E% EIG% =PG;%EI;E%`G%;?G%@A>N%?GDH@AD=Q>G%\@?%@M?%C@>MAE;?N%;LE=@AD%AGJ>GLED%EI;E%`G%=A%@M?%>=\G%E@JGEIG?%VL;?G%A@E%@A>N%;Q@ME%`I;E%@EIG?D%.#R%QME%;>D@%;Q@ME%

& 2# % + # $ !

!

; D C !

`I;E%EIGN%$%4-C%;AP%*&&8<X%a:@LSQM?A%7115R%m78b_%"G%@\\G?D%EIG%Gg;<H>G%@\%V;%L>@DG%\?=GAPR%v`I@w%@A%DGG=AJ%<G%E;>S=AJ%`=EI%;%LG?E;=A%J?@MH%@\%HG@H>GR%=<<GP=;EG>N%;DDM<GD%EI;E%.%;<%=AC@>CGP%=A%EIG=?%H>@EE=AJX_%"G%DE;EGD% EI;E% Vv`wI;E% .% ;<% P=DE?GDDGP% ;Q@MER% ;AP% HG?I;HD% ?GDGAEX%<;N%A@E%QG%EIG%\;LE%EI;E%DIG%VP=P%A@E%?G\>GLE%<@?G%L;?G\M>>N%QG\@?G%P?;`=AJ%EI;E% L@AL>MD=@A% vzw% QME% EIG% \;LE% EI;E% $%,$% `;D% IG?% DH@AE;AG@MD%^MPJ<GAE_X% a:@LSQM?A% 7115R% m72b_% #AP% `=EI% ?GDHGLE% E@% KM?P@LIiD%Gg;<H>G% @\%KiD%P;MJIEG?4=A4>;`%Yn% ;?G%`G% ?G;>>N% DMHH@DGP% E@% EI=AS%EI;E% DIG% `@M>P% ?G^@=LG% =A% SA@`=AJ% EI;E% IG?% <@EIG?4=A4>;`% ;E% \=?DE%\@MAP%IG?%H?GEEN%MAQG;?;Q>G%QME% EIGA%<;A;JGP%E@% LI;AJG%IG?%C=D=@A%QN%<;S=AJ%;A%G\\@?EZ%.D%=E%A@E%P=DL@ALG?E=AJ%=A%=EDG>\%EI;E%KiD%>@CG%\@?%IG?%?GBM=?GP%;A%G\\@?EZ%

$I=D%=D%`IG?G%`G%<;N%\=AP%EIG%E?M>N%HMee>=AJ%H;?E%@\%EIG%H?@Q>G<_%"@`%L;A%`G%QG%IG>P%?GDH@AD=Q>G%\@?%`I;E%`G%DGG%@?%P@%A@E%DGGZ%.\%`G%;?G%E@%E;SG%DG?=@MD>N%!=EEJGADEG=AiD%?G<;?S%EI;E%DGG=AJ%=D%;%DE;EG%EI;E%=A%D@<G% `;N% =AC@>CGD% H;DD=C=ENR% I@`% DI@M>P% `G% GgH>;=A% @M?%?GDH@AD=Q=>=EN%\@?%DMLI%DE;EGDZ%$I=D%<;N%;>D@%QG%;%?G;D@A%\@?%EI=AS=AJ%EI;E% =E% =D% ;`S`;?P% E@% L@AD=PG?% G<@E=@AD% ;D% ;%`;N%@\% DGG=AJ_% &CGA% =\%G<@E=@AD%;?G%A@E%;LE=@ADR%EIGN%;?G%PG\=A=EG>N%;LE=CG_%h?@`=AJ%;AJ?NR%.%L;AA@E%D=E%DE=>>n%.%\GG>%<N%<MDL>GD%EGAD=AJR%EIG%L@>@M?%?=D=AJ%=A%<N%\;LGR%@?%EIG%Q>@@P%P?;=A=AJ%;`;N%\?@<%=E_%.A%EI=D%`;NR%G<@E=@ADR%QN%L@AE?;DE%E@%DGG=AJR%L@ADE=EMEG%;%<@?G%\M>>4\>GPJGP%?GDH@ADG_3m%%

$IG%=<H@?E;AE%<@CG%=A%:@LSQM?AiD%P=DLMDD=@A%=D%\=?DE%;AP%\@?G<@DE%E@%?G<=AP%MD%EI;E%EIG%\;LE%EI;E%`G%P@%I@>P%HG@H>G%?GDH@AD=Q>G%\@?%`I;E%EIGN% EI=AS% ;AP% \GG>% =D% ;% D=JA=\=L;AE% \G;EM?G% @\% @M?% <@?;>% >=CGD_% $IG%\@>>@`=AJ% P=DLMDD=@AD% DI@M>P% ;>D@% ?GCG;>%`IN% =E% =D% =<H@?E;AE% E@% H;N%IGGP%E@%EI=D%;DHGLE%@\%@M?%>=\G_35%$IG?G%;?GR%I@`GCG?R%;>D@%HI=>@D@HI=L;>%;LL@MAED% EI;E% ;EEG<HE% E@% H?@C=PG% ;% ?;E=@A;>% ^MDE=\=L;E=@A% \@?%`IN%`G%;?G% ?GDH@AD=Q>G% \@?% @M?% G<@E=@AD_% .% `=>>% >@@S% ;E% E`@% @\% EIG<% E@% DGG%`I;E%>=JIE%EIGN%<;N%DIGP%@A%EIG%BMGDE=@A%;E%I;AP_%%

*AG%@\%EIG%HI=>@D@HIG?D%`I@%DGED%@ME%E@%D@>CG%EI=D%E;DS%=D%l@QG?E%:_%/@>@<@A_%"=D%`@?S% @A% EIG% L@JA=E=CG% ;DHGLED% @\% G<@E=@AD% =D% =A%<;AN%?GDHGLED%PGP=L;EGP% E@%DI@`=AJ%I@`%`G%L;A%QG%D;=P% E@%QG%?GDH@AD=Q>G%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%3m%:\_%!=EEJGADEG=A%a7182b%@A%@M?%V>@@SX0%V!G%P@%A@E%DGG%EIG%IM<;A%GNG%;D%;%?GLG=CG?R%=E%;HHG;?D%A@E%E@%>GE%;ANEI=AJ%=AR%QME%E@%DGAP%D@<GEI=AJ%@ME_%$IG%G;?%?GLG=CGDn%EIG%GNG%>@@SD_% a.E% L;DED%J>;ALGDR% =E% \>;DIGDR% ?;P=;EGDR%J>G;<D_b%*AG%L;A% EG??=\N%`=EI%@AGiD% GNGDR%A@E%`=EI%@AGiD%G;?%@?%A@DG_%!IGA%N@M%DGG%EIG%GNG%N@M%DGG%D@<GEI=AJ%J@=AJ%@ME%\?@<%=E_%j@M%DGG%EIG%>@@S%=A%EIG%GNGX%aq666b_%35% /GG%"G?EeQG?J% a6FF2b% ;AP% Y=;<@AP% a6FF6b% \@?%<@?G% IG>H\M>% ?G<=APG?D% ;Q@ME% EIG%<@?;>%D=JA=\=L;ALG%@\%I@`%.%DGG%@?%H@?E?;N%D@<GEI=AJ_%

! > + ! - # F ! + ! - # F ! + ! - # F ! + ! - # ? !

!

; D = !

\@?% EIG<_% "G% =AE?@PMLGD% EIG% A@E=@A% @\% G<@E=@AD% ;D% ^MPJG<GAED% E@%GgH>;=A% EIG=?% =AIG?GAE% ?;E=@A;>=EN% ;AP% EIG?GQN% @M?% ?GDH@AD=Q=>=EN% \@?%EIG<_%&<@E=@ADR%E@%I=<R%;?G%HM?H@D=CG%;LE=@AD%V;=<GP%;E%LI;AJ=AJ%EIG%`@?>PX% a/@>@<@A% 713FR% 686b_% $IGN%I;CG% ?G;D@AD% ;AP% ;?G% =AEGAE=@A;>R%;APR% EIG?G\@?GR%`G% L;A%QG% D;=P% E@% QG% ?GDH@AD=Q>G% \@?% EIG<R% ;AP%GCGA%LI@@DG%EIG<_%V.\%G<@E=@AD%;?G%^MPJG<GAED%;AP%;LE=@ADR%`G%L;A%QG%IG>P%?GDH@AD=Q>G%\@?%EIG<_X%a/@>@<@A%713FR%62FR%DGG%;>D@%/@>@<@A%711cb_%)N%GgH>;=A=AJ%@M?%?GDH@AD=Q=>=EN%\@?%@M?%G<@E=@AD%`=EI%?G\G?GALG%E@%EIG=?%?G>;E=@A%E@%;LE=@AD%;AP%?G;D@A=AJR%/@>@<@A%P@GD%A@E%PGE?;LE%\?@<%EIG%=PG;%EI;E%`G%;?G%<;=A>N%?GDH@AD=Q>G%\@?%@M?%a?;E=@A;>b%^MPJG<GAED%;AP%a=AEGAE=@A;>b% ;LE=@ADR% =A%@EIG?%`@?PDR% \@?%`I;E%`G%P@%@ME%@\% @M?% \?GG%`=>>_%"G%@A>N%H?GDGAED%@M?%G<@E=@AD%;D%NGE%;A@EIG?%;DHGLE%@\%@M?% >=\G%EI;E%`G%<;N%LI@@DG%@?%?G;D@A%;Q@ME_%O;DD=@AD%;?G%^MDE%E@%QG%L@AD=PG?GP%;D%;%P=\\G?GAE%S=AP%@\%;LE=@AD_%%

#% D=<=>;?% <@CG% =D% <;PG% QN% l@JG?% /L?ME@A% =A% I=D% P=DLMDD=@A% @\%DGgM;>%PGD=?G_%/L?ME@A%J@GD% E@%J?G;E% >GAJEID% E@%GgH>;=A%I@`% =E% =D% EI;E%`G%E;SG%EIG%V=AC@>MAE;?NX%LI;?;LEG?%@\%D<=>GDR%Q>MDIGDR%;AP%;?@MD;>R%;D%GgH?GDD=CG%@\%VEIG%@EIG?%x;D%IG%?G;>>N%=DiX%a/L?ME@A%7138R%8mb_%"=D%?GH>N%=AC@>CGD%;%?;AJG%@\%?G<;?SD%;Q@ME%I@`%@M?%V\=?DE%HG?D@A%HG?DHGLE=CGDX%a`I=LI%IG% =PGAE=\=GD%`=EI%@M?%VDG>CGDXb%;?G% =AL;?A;EGP%@?%?GCG;>GP% =A%@M?% Q@P=GDR% EIG% Gg;LE% DE;EMD% @\%`I=LI% =D% >G\E% MAL>G;?_% $IG%AGGP% E@% J@%EI;E%\;?R%I@`GCG?R%=D%>;?JG>N%PGHGAPGAE%@A%I=D%DGE4MH_%/HG;S=AJ%@\%DMLI%V=AC@>MAE;?N%<@CG<GAEDX% @?% LI;AJGD% =A% @M?% Q@PN% aI=D%`@?P=AJ% A@E%<=AGb% ;D% V\@MAPGPX% @A% V.4EI@MJIEDXR% @?% ;D% EIG% G<Q@P=<GAE% @\% EIG%\=?DE4HG?D@A%HG?DHGLE=CG%@\% EIG% @EIG?% a/L?ME@A% 7132R% 88b% =D% H;?E% @\% I=D%;EEG<HE%E@%DI@`%EI;E%@M?%MAPG?DE;AP=AJ%@\%DGgM;>%PGD=?G%=D%Q@MAP%MH%`=EI%@M?%QG=AJ%?;E=@A;>%QG=AJD%a/L?ME@A%7132R%c5b_%.E%=D%=A%C=?EMG%@\%EIG=?%?;E=@A;>%LI;?;LEG?R%/L?ME@A%;?JMGDR%EI;E%<N%D<=>GD%;AP%Q>MDIGD%L;A%QG%DGGA%;D%GgH?GDD=CG%@\%<G_%%

/L?ME@A% E?=GD% E@% DEGG?% ;`;N% \?@<% EIG% L>;DD=L;>% :;?EGD=;A% PM;>=D<%QGE`GGA% Q@PN% ;AP% D@M>_% "GALGR% IG% ;>`;ND% HMED% BM@E;E=@A% <;?SD%;?@MAP% GgH?GDD=@AD% DMLI% ;D% VEIG% HG?DHGLE=CG% EI;E% xHGG?Di% \?@<% vEIG%\;LGwX%a/L?ME@A%7132R%88b%@?%EIG%GNG%EI;E%GA;Q>GD%EIG%IM<;A%HG?D@A%VE@%x>@@S% @MEi% @\% I=D% Q@PNX% a/L?ME@A% 7132R% 82b_%"@`GCG?R% EIG% ;EEG<HE% E@%GgH>;=A%I@`%?;E=@A;>=ENR%@?%HG?D@ADR%;?G%G<Q@P=GPR%J=CGD%E@@%<MLI%E@%EIG%=PG;%EI;E%`G%<=JIE%<;SG%DGADG%@\%HG@H>G%;D%D@<GEI=AJ%;H;?E%\?@<%EIG%G<Q@P=GP%IM<;A%QG=AJD%EI;E%`G%<GGE_%%

,GGP>GDD% E@% D;NR% .% \=AP% EI=D% G<HI;D=D% @A% ?;E=@A;>=EN% H?@Q>G<;E=L_%#J;=ADE%/L?ME@AR%.%`@M>P%;?JMG%EI;E%=E%=D%D@>G>N%QN%C=?EMG%@\%H?GDM<=AJ%EI;E% @A>N% C@>MAE;?N% ;LE=@AD% L;A% QG% GgH?GDD=CG% @\% ?;E=@A;>=EN% ;AP%EIG?GQN% ;A% @Q^GLE% \@?% ?GDH@AD=Q=>=ENR% EI;E% @AG%<;N% L@<G% E@% EI=AS% @\%

& 2# % + # $ !

!

; D H !

D<=>GD% ;AP% Q>MDIGDR% ;D% V=AC@>MAE;?N% LI;AJGD% =A% ;A@EIG?iD% Q@PNX%a/L?ME@A%7132R%83bR%;AP%A@E%;D%D<=>GDR%Q>MDIGD%;AP%D@%@A_%.E%=D%@A>N%\?@<%DMLI% ;% Q;LSJ?@MAP% EI;E% @M?% DH@AE;AG@MD% ?G;LE=@AD% E@% G;LI% @EIG?%QGL@<G% ;% HMee>G% E@% D@>CGR% ;AP% A@E% ;% \MAP;<GAE;>% \G;EM?G% @\% @M?%MAPG?DE;AP=AJ%@\%G;LI%@EIG?_%%

)@EI%/@>@<@A%;AP%/L?ME@A%I;CG%D@<GEI=AJ%=<H@?E;AE%E@%D;N%;Q@ME%EIG% =AEGAE=@A;>=EN%@\%G<@E=@AD_%"@`GCG?R% EIGN%DG?=@MD>N%<=D?GH?GDGAE%=E%=A%EIG=?%;EEG<HED%E@%\@?<M>;EG%`I;E%=E%<G;AD_%.A%H;?E%EIG=?%H?@Q>G<%>=GD% =A% EIG% ;HH;?GAE% ;DD=<=>;E=@A% @\% =AEGAE=@A;>=EN% `=EI% ?;E=@A;>=ENR%`I=LI%;>D@%L@<GD%E@%DI@`%=A%EIG=?%\;=>M?G%E@%P=DE=AJM=DI%QGE`GGA%EIG%P=\\G?GAE%`;ND% =A%`I=LI%`G% L;A% QG% D;=P% E@% I;CG% ?G;D@AD% \@?% ;LE=@ADR%^MPJG<GAED%;AP%G<@E=@AD_38%.AEGAE=@A;>=ENR%E@%EIG<R%=D%H?=<;?=>N%E@%QG%\@MAP% =A% @M?% L;H;L=EN% E@% @\\G?% ?G;D@ADR% MEEG?% =AEGAE=@AD% ;AP% <;SG%?;E=@A;>% LI@=LGD_% $I=D% ;>D@% >G;PD% EIG<% E@% BM=EG% MA?GL@JA=e;Q>G%PGDL?=HE=@AD% @\% @M?% G<@E=@A;>% >=\G%`I=LI% ;?G% A@E% C@=P% @\% @AE@>@J=L;>%L>;=<D_% /@>@<@A% a713Fb% DMJJGDED% EI;E%`G% ?GJ;?P% G<@E=@AD% ;D% LI@=LGD%@A>N% ;D% VA@A4PG>=QG?;EGX% @AGD% a62Fb% ;AP% ;>D@% H?@H@DGD% EI;E% @M?%^MPJG<GAED%;?G%D@<GI@`%DMQ^GLE% E@%@M?%LI@=LG_%/L?ME@A%a7132b%@\\G?D%MD% EIG% ,! H(4#(4% L>;=<% EI;E0% V$IG% EI@MJIE% @\% EIG% Q>MDIG?% =D0% x.R% ;D% ;%?GDH@AD=Q>G%QG=AJR%;<%?GH?GDGAEGP%=A%N@M?%HG?DHGLE=CG_iX%a85b_%

"G?G% .%`=>>% \@LMD%@A%I@`%EIG% EGAPGALN% E@%<@PG>% =AEGAE=@A;>=EN%@A%I;C=AJ% =AEGAE=@AD% ;AP% ;LE=AJ% =AEGAE=@A;>>N% L@<GD% @ME% =A% /@>@<@AiD%;LL@MAE_%"G%L>;=<D%EI;E%G<@E=@AD%;?G%HM?H@D=CG%=A% EIG%DGADG% EI;E%`G%VMDGX%EIG<%E@%?G;LI%LG?E;=A%GAPD_%#D%;A%Gg;<H>G%@\%EI=D%IG%H?GDGAED%MD%`=EI% ;% IMDQ;AP%`I@DG% @ME?;JG% ;E% I=D%`=\G% ;E% ;% E=AN% PGE;=>% DG?CGD% E@%\M?EIG?%I=D%`=DI%E@%DE;N%;E%I@<G%;AP%`;ELI%$-%=ADEG;P%@\%J@=AJ%E@%EIG%H;?EN% DIG% DMJJGDEGP% EI;E% EIGN% J@% E@% a/@>@<@A% 713FR% 68cb_% "G%;LSA@`>GPJGD%EI;E%EIG%PGDL?=HE=@AR%V"G%P=P%=E%@A%HM?H@DGXR%=D%A@E%@AG%EIG% IMDQ;AP% I=<DG>\% L@M>P% J=CG% E@% PGDL?=QG% I=D% @`A% ;LE=@AD_% V.\% IG%P@GD%vVEI=AS%E@%I=<DG>\%V.%;<%QG=AJ%;AJ?N%=A%@?PG?%E@zXwR%IG%LG;DGD%E@%QG% ;AJ?N%;AP% L@AE=AMGDR% ;E%<@DER% @A>N% E@% ;LE% ;AJ?NpE@% \G=JA%;AJG?X%a/@>@<@A% 713FR% 688b_% jGER% IG% I;AJD% @A% E@% EIG% EI@MJIE% EI;E% EIG%IMDQ;APiD%;LE=@AD%;AP%G<@E=@AD%;?G%=AEGAE=@A;>%;AP%HM?H@D=CG_%%

.%\=AP%EI=D%<@CG%@QDLM?=AJ_%.E%=D%@AG%EI=AJ%E@%D;N%EI;E%@M?%G<@E=@AD%I;CG%LG?E;=A%L@ADGBMGALGD%;AP%EI;E%EIG%DHGL=\=L%<G;A=AJ%`G%J=CG%;AP%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%38%#>EI@MJI%.%I;CG%;%?G;D@A%\@?%;LE=AJ%=A%;%LG?E;=A%`;NR%.%L;AR%D;NR%LI@@DG%A@E%E@%;LE%@A%=ER%`IG?G;D%EIG%?G;D@AD%.%I;CG%\@?%\GG>=AJ%;%LG?E;=A%`;N%L;AA@E%QG%DGH;?;EGP%\?@<%7%,$!=E% =D% .% ;<% \GG>=AJ_% TM?EIG?<@?GR% .% L;AA@E% LI@@DG% E@% \GG>% EI;E% `;N% ^MDE% QGL;MDG% .%?GL@JA=eGP% ;% ?G;D@A% \@?% =ER% ;AP% D@% @A_% *A% EIG% `I@>GR% /@>@<@A% ;AP% /L?ME@A% @\\G?%H?@Q>G<;E=L%H=LEM?GD%@\%`I;E%V?;E=@A;>=ENX%=AC@>CGD_%

! > + ! - # F ! + ! - # F ! + ! - # F ! + ! - # ? !

!

; D @ !

\=AP%=A%EIG<%;E%P=\\G?GAE%E=<GD%@\%@M?%>=CGD%<;N%QG%BM=EG%P=\\G?GAE_%.E%=D%BM=EG% ;% P=\\G?GAE% EI=AJ% E@% D;N% EI;E% EIGN% ;?G% D@<GEI=AJ% `G% P@% @A%HM?H@DG%@?%EI;E%`G%MDG%EIG<%E@%?G;LI%LG?E;=A%GAPD_%.\%EIG%`=\G%H@=AED%@ME%E@%IG?%IMDQ;AP%EI;E%IG%;>`;ND%;LED%G<@E=@A;>>N%`IGA%DIG%DMJJGDED%D@<GEI=AJ% =A% `I=LI% IG% =D% A@E% =AEG?GDEGPR% IG% <;N% ?G;>=eG% EI;E% I=D%@MEQM?DED%@\EGA%H>;N%EIG%H;?E%@\%D=>GAL=AJ%IG?_%"G%I;P%L@AD=PG?GP%EIG<%E@%QG%;% ^MDE% ?G;LE=@A% E@%IG?% DMJJGDE=@AR%QME% =A% EI=D% >=JIE% ^MDE=LG%@\%I=D%@`A%QGI;C=@M?%=D%HM>>GP%=AE@%BMGDE=@A%;AP%IG%<;N%QG%?GD@>CGP%E@%;LE%P=\\G?GAE>N% =A% EIG% \MEM?G_% T;LGP% `=EI% ;% D=<=>;?% D=EM;E=@AR% I=D% =AD=JIE%<;N%E;SG% EIG% \@?<R%V,@`R% .i<%JGEE=AJ%;AJ?N%;E%IG?%;J;=AR% =ADEG;P%@\%^MDE%EG>>=AJ%IG?%.%`;AE%E@%DE;N%;E%I@<GX_%"@`GCG?R%I=D%?GL@JA=E=@A%EI;E%EI=D% =D% ;A% ;HH?@H?=;EG% PGDL?=HE=@A% @\% I=D% QGI;C=@M?R% ;AP% EI;E% EI=D% =D%D@<GEI=AJ%IG% =D% ?GDH@AD=Q>G% \@?R%P@GD%A@E% ?GBM=?G% EI;E%`G% ?GJ;?P%I=D%;AJG?%;D%;A%=AEGAE=@A;>%;LE%\@?%<;S=AJ%DGADG_%%

$IG%H@=AER%;D%.%`@M>P%HME%=ER%=D%?;EIG?%EI=D0%&<@E=@AD%;?G%H;?E%@\%EIG%>;?JG?% L@AEGgE% @\% @M?%IM<;A% >=\GR% ;AP%I;CG%<G;A=AJ% =A% EIG%P=\\G?GAE%D=EM;E=@AD%;AP%L@ACG?D;E=@AD%`G%I;CG%;Q@ME%EIG<%;E%P=\\G?GAE%H@=AED%=A%@M?%>=\G_%$IGDG%P=DLMDD=@AD%;?G%L@ADE=EME=CG>N%=APGEG?<=A;EGR%=A%EI;E%=E%=D%A@E% J=CGA% \?@<% EIG% @MEDGE%`I;E%<G;A=AJ% @M?% G<@E=@AD%I;CG% @?%<;N%L@<G% E@% I;CG% E@% MD% @?% E@% @EIG?D_% $IG% <G;A=AJ% EIGN% <=JIE% I;CG% =D%LG?E;=A>N% A@E% GgI;MDEGP% QN% EIG% HM?H@?EGP% VMDGX% `G%<;N% QG% D;=P% E@%<;SG%@\%EIG<_%%

.% `@M>PR% EIG?G\@?GR% A@E% H?GDD% EIG% L@ALGHE% @\% V?;E=@A;>=ENX% E@% EIG%MA?GL@JA=e;Q>GR% QME% DMJJGDE% EI;E% `G% ?GJ;?P% EIG% BMGDE=@A% ;Q@ME% @M?%?GDH@AD=Q=>=EN% \@?% @M?% G<@E=@AD% =A% EIG% >=JIE% @\% EIG% L@ALGHE% @\%V<G;A=AJX_% $IG% =<H@?E;AE% <@CG% =A% DI@`=AJ% EI;E% G<@E=@AD% ;?G% A@E%@A>N% =??;E=@A;>% =??MHE=@AD% =A%;A%@EIG?`=DG%?;E=@A;>% >=\G% =D%-#$% E@%H?@CG%EI;E%G<@E=@AD%;?G%;>D@%?;E=@A;>R%QME%E@%?G<=AP%MD%@\%EIG%P=\\G?GAE%H;?ED%EIGN%H>;N%=A%@M?%;EEG<HED%E@%<;SG%DGADG%@\%>=\G_%&<@E=@ADR%;D%=E%`G?GR%;?G%<G;A=AJ\M>%=A%D@%\;?%;D%EIGN%\@?<%H;?E%@\%@M?%>=\G_%.E%=D%=AP=L;E=CG%@\%EIG%H?GDMHH@D=E=@AD%@\%EIG%P=DLMDD=@A%EI;E%@AG%\GG>D%EIG%AGGP%E@%H@=AE%@ME%EI;E%G<@E=@AD%;?G%;>`;ND%G<QGPPGP%=A%EIG%L@AEGgED%@\%@M?%>=\G%;AP%P@% A@E% DE?=SG% MD% ;D% MA\;EI@<;Q>G% =AEG??MHE=@AD% =A% ;A% @EIG?`=DG%=AEG>>=J=Q>G% >=\G_% .A% >=AG%`=EI%<N%H?GC=@MD% P=DLMDD=@ADR% EIGAR% .% P@%A@E%`;AE%E@%DG;?LI%\@?%AGLGDD;?N%L@AP=E=@AD%MAPG?%`I=LI%`G%<;N%QG%D;=P%E@% GgHG?=GALG% LG?E;=A% G<@E=@AD_% .% `;AE% E@% ;DS% `I;E% =E% <G;AD% E@%;EE?=QMEG%LG?E;=A%G<@E=@AD%E@%@EIG?D%;AP%@AGDG>\_%%

WMDE% EI=AS% @\% EIG% `;ND% =A% `I=LI% <N% DH@AE;AG@MD% ?G;LE=@AD% <;N%L@A\>=LE%`=EI%`I;E%.%`@M>P%@EIG?`=DG%D;N%=A%;%D=EM;E=@A_%/MHH@DG%N@M%I;CG%GA^@NGP%D@<G%DMLLGDD% =A%N@M?%`@?S%;AP%?GLG=CGP%CG?N%H@D=E=CG%?GC=G`D%@A%;A%;?E=L>G%N@M%I;CG%`?=EEGA_%$@%<N%DM?H?=DG%.%?G;LE%`=EI%;%

& 2# % + # $ !

!

; < G !

DE=AJ% @\% GACN_% $IG% ?G;>=e;E=@A% EI;E% .% \GG>% GAC=@MD% <;N% QG% P=?GLE>N%\@>>@`GP%QN%;%\GG>=AJ%@\%?G<@?DG_%V/I@M>PAiE%.%QG%I;HHN%\@?%N@MZX%*?R%.% <;N% J=CG% A@% \M?EIG?% EI@MJIE% E@% <N% ?G;LE=@A% QME% H?@LGGP% QN%L@<<GAE=AJ%@A%`I;E%I;D%I;HHGAGP%E@%N@M%QN%<;S=AJ%DA=PG%?G<;?SD_%V!G>>R% EIGDG% \=?DE% ?G;LE=@AD% ;?G% MDM;>>N%<@?G% H@D=E=CG% EI;A% EIG%`@?S%<G?=ED_X%.E%=D%@A>N%`IGA%N@M%D;NR%V.%EI@MJIE%N@M%`@M>P%QG%I;HHN%\@?%<GXR%EI;E%.%?G;>=eG%EIG%GC=PGAE%GACN%@\%<N%?GDH@ADG_%%

.A%EIG%L;DG%.%DGG%VGACNX%;D%;%\=EE=AJ%PGDL?=HE=@A%@\%<N%QGI;C=@M?R%=E%=AC@>CGD%EIG%?G;>=e;E=@A%EI;E%=E%=D%D@<GEI=AJ%\@?%`I=LI%N@M%<;N%Q>;<G%<G_%KN% DH@AE;AG@MD% ?G;LE=@A% L;DED% ;% DI;P@`%@A%<N% ?G>;E=@ADI=H% E@%N@M%QN%H?GDGAE=AJ%`I;E%.%`@M>P%@EIG?`=DG%D;N%=A%;%AG`%>=JIE_%.\%.%\GG>%>=SG%EI=DR% .%L;A%A@%>@AJG?%E?MEI\M>>N%D;N%EI;E%.%;<%`I@>G4IG;?EGP>NR%@?%JGAM=AG>NR% I;HHN% \@?% N@M_% *\% L@M?DGR% .% <;N% ;P<=E% <N% GAC=@MD%?G;LE=@AR%;AP%E?N%E@%DMHH?GDD%DMLI%EI@MJIED%;AP%\GG>=AJD%=A%\;C@M?%@\%EI@MJIED%EI;E%;?G%<@?G%=A% >=AG%`=EI%<N%@CG?;>>%MAPG?DE;AP=AJ%@\%@M?%?G>;E=@ADI=H_% "@`GCG?R% =E% `@M>P% A@E% QG% DM?H?=D=AJ% =\% N@M% `G?G%@\\GAPGP%QN%<N%DH@AE;AG@MD%?GDH@ADGR%;AP% =\%`G%Q@EI%`@M>P% \=AP% =E%<@?G% ?GCG;>=AJ% @\%<G% ;AP%<N% E?MG% G<@E=@AD% EI;A% ;AN% @EIG?% @\% <N%EI@MJIED% ;AP% ?;E=@A;>% ^MPJG<GAED% =A% ;AP% ;Q@ME% EIG% D=EM;E=@A_% !G%<=JIE% E;SG% EIG<% E@% DI@`% EI;E% .% ;<R% D;NR%<@?G% GAC=@MD% @?% MA;Q>G% E@%DI;?G%N@M?%^@N%EI;A%.%`@M>P%H?G\G?%E@%EI=AS_%%

,@EI=AJ%=D%DE?=S=AJ>N%@PP%=A%EI=D_%$I=D%=D%D=<H>N%`I;E%=E%<G;AD%E@%QG%GAC=@MD_%!I;E%`@M>P%QG%DE?;AJG%=D%?;EIG?%=\%.%L>;=<GP%EI;E%^MDE%QGL;MDG%<N% =AEGAE=@A% `;D% A@E% E@% \GG>% EI=D% `;N% EIGDG% GAC=@MD% ?G;LE=@AD% I;P%A@EI=AJ% E@% P@% `=EI% <G_% $I=D% `@M>P% E?M>N% QG% D@<GEI=AJ% \@?% N@M% E@%`@??N% ;Q@MER% `IG?G;D% `G% AGGP% A@% \M?EIG?% GgH>=L;E=@A% @\% `IN% <N%?GL@JA=E=@A%EI;E%.%;<%GAC=@MD%\;LGD%<G%`=EI%;%PG<;AP%E@%LI;AJG_%%U87,)5% ;DS=AJ% \@?% <N% =AEGAE=@AD% @?% ?G;D@AD% \@?% P@=AJ% D@<GEI=AJ%

EIMD% \;=>D% E@% ;LL@MAE% \@?% EIG% \;LE% EI;E% =E% =D% H?GL=DG>N% EIG% DH@AE;AG@MD%LI;?;LEG?%@\R%D;NR%^@N%;AP%PGD=?G%EI;E%`G%C;>MG_%,@E%=A%EIG%DGADG%EI;E%=E%=D% ;A% =<<GP=;EG% ?G;LE=@A% QME% =A% EIG% DGADG% EI;E% =E% ?;=DGD% ;% BMGDE=@A%;Q@ME% EIG% 54-@&(4$)% @\% <N% ?GDH@ADG_% !I;E% =D% <@?G% =E% L;A% QG% D;=P% E@%@#-5$4$0$&% EIG% S=AP%@\% GgHG?=GALGD% EIGDG% ;?G_% .\% .% I;CG% ;A% =AEGAE=@A% E@%D<=>G%;E%N@MR%HG?I;HD%E@%I=PG%<N%P=D>=SG%\?@<%N@MR%;AP%EIG%D<=>G%=D%A@E%GgH?GDD=CG%@\%<N%I;HH=AGDD%E@%DGG%N@MR%=E%=D%A@E%;%JGAM=AG%D<=>G_%$I=D%<;N% ;>D@% QG% ;% ?G;D@A%`IN%`G%C;>MG% DH@AE;AG@MD% ?GDH@ADGD% =A% >@CGR%D=ALG%EIGNR%;D%=E%`G?GR%L@<G%VDE?;=JIE%\?@<%EIG%IG;?EX_32%%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%32%/L?ME@A%P@GD%?GL@JA=eG% EIG% =<H@?E;ALG%@\% EIGDG%S=APD%@\%DH@AE;AG@MD%?G;LE=@AD% =A%DGgM;>%PGD=?G%;AP% >@CG_% .%`@M>P%A@E%P=D;J?GG%`=EI%I=<%EIG?G_%!IG?G% .% EI=AS%IG%J@GD%

%

! > + ! - # F ! + ! - # F ! + ! - # F ! + ! - # ? !

!

; < ; !

"@`GCG?R%GCGA%=\%@M?%DH@AE;AG@MD%?GDH@ADGD%<;N%H>;N%EI=D%H;?E%=A%P=DE=AJM=DI=AJ%E?MG%G<@E=@AD%\?@<%\G=JAGP%@AGDR% .%;<%A@E%DMJJGDE=AJ%EI;E%`G%E;SG%EIG<%;D%JGAG?;>%L?=EG?=;%\@?%DGEE>=AJ%P=DHMEGD%;Q@ME%`I;E%D@<G@AG% E?M>N% \GG>D_% #D% `G% ;>?G;PN% D;`% =A% L@AAGLE=@A% `=EI% EIG%IMDQ;AP% `I@% `@APG?GP% `IGEIG?% IG% ?G;>>N% `;AEGP% E@% L@AE=AMG% I=D%<;??=;JG%Q@EI%I=D%=AEGAE=@AD%;D%`G>>%;D%I=D%=AEM=E=CG%PGD=?GD%<;N%I;CG%EIG% ?@>G% @\% PGEG?<=A=AJ% EIG% BMGDE=@A% \@?% I=<_% O@=AE=AJ% E@% EIG%L@ADE=EME=CG%?@>G%@\%DH@AE;AG@MD%\GG>=AJD%;AP%?GDH@ADGD%=A%>@CG%=D%\=?DE%;AP% \@?G<@DE% ;% J?;<<;E=L;>% H@=AE% ;Q@ME% @AG% @\% EIG% P=\\G?GAE%<@CGD%`G%<;N%<;SG%`IGA%E;>S=AJ%;Q@ME%>@CG_!.E%?G<=APD%MD%EI;E%%#7!`G%P@%D@<GEI=AJ% =D% D@<GE=<GD% \MAP;<GAE;>% \@?%7%,$% =E% =D%`G%P@R%;AP%`I;E%EI=D%DI@`D%;Q@ME%I@`%EI=AJD%;?G%`=EI%MD_%%

#D%.%I;CG%?GHG;EGP>N%G<HI;D=eGPR%I@`GCG?R%%#7%`G%P@%D@<GEI=AJ%=D% A@E% E@% QG% PGEG?<=AGP% QN% D@<G% \GG>=AJ% EI;E% L@M>P% QG% D;=P% E@%;LL@<H;AN%@M?% ;LE=@AD_%#E% E=<GD% .%P@% EI=AJD% \@?% EIG%@AG% .% >@CG%`=EI%^@N_%.E%<;N%GCGA%QG%<N%J?G;EGDE%`=DI%@?%PGD=?G%E@%P@%=E_%#E%@EIG?%E=<GDR%<N%>@CG%=D%GgH?GDDGP%QN%<N%^MDE%P@=AJ%D@<GEI=AJR%?GJ;?P>GDD%@\%`I;E%.%\GG>_%.A%@EIG?%D=EM;E=@ADR%.%P@%D@<GEI=AJ%QGL;MDG%.%EI=AS%=E%=D%MH%E@%<G_%.E% =D%<N% ?GDH@AD=Q=>=EN_%jGER% ;E% @EIG?% E=<GD% EIG?G% =D%A@% BMGDE=@A% ;D% E@%`IGEIG?%.%`;AE%E@%P@%D@<GEI=AJ%@?%A@E_%KN%>@CG%?;EIG?%DI@`D%=EDG>\%=A%<N%DGG=AJ%EI=AJD%@?%E;S=AJ%=A%EIG%`@?>P%=A%;%LG?E;=A%`;N_%.%?GDH@AP%E@%EIG%GgH?GDD=@A%@\%N@M?%`=DIGD%;D%D@<GEI=AJ%EI;E%<;SGD%;%PG<;AP%@A%<G_%,@EI=AJ%\@?LGD%MD%E@%D;N%EI;E%D@<G%@\%EIGDG%L;DGD%;?G%<@?G%HM?G%V;LED%@\%>@CGX%EI;A%;?G%@EIG?D_%

+0!?,.(%!-#!:#7!,($%E?!

O;?E% @\% EIG% H?@Q>G<% `=EI% =AC@S=AJ% ?;E=@A;>=EN% ;AP% =AEGAE=@A;>=EN% E@%GgH>;=A% @M?% ?GDH@AD=Q=>=EN% \@?% G<@E=@AD% =D% EI;E% =E% ;DDM<GD% EI;E%GCG?NEI=AJ% \@?% `I=LI% `G% L;A% QG% D;=P% E@% QG% ?GDH@AD=Q>G% DI;?GD% ;%L@<<@A%\G;EM?G_%&<@E=@AD%;?G%L@AD=PG?GP%E@%QG%;%DMQ4L>;DD%@\%?;E=@A;>%;LE=@AD%`I=LI% =A% EM?A%;?G% L@AD=PG?GP% E@% DI;?G% ;%JGAG?;>% DE?MLEM?GR% @\%`I=LI% =AEGAE=@ADR% ?G;D@ADR% PGD=?GD% ;?G% ;% H;?E_% .A% EI=D% `;NR% AG=EIG?%/L?ME@A% A@?% /@>@<@A% L@<H>GEG>N% DMLLGGPD% =A% ?G>G;D=AJ% EIG<DG>CGD%\?@<% EIG% H=LEM?G% EI;E% =AEGAE=@AD% @?% PGD=?GDs`;AEDp@AG% <;N% ;>D@%P=DLMDD% `IGEIG?% =E% =D% \;=?% E@% >M<H% EIGDG% L@ALGHED% E@JGEIG?p;?G%L@<H@AGAED%@\%@M?%;LE=@AD%EI;E%G=EIG?%a7b%Q?=AJD%EIG<%;Q@MER%a6b%<;SG%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%`?@AJ%=D%=A%EIG%;EEG<HE%E@%GgH>;=A%`IN%=E%=D%EI;E%EIGN%;?G%=<H@?E;AE_%"G%P@GD%A@E%DE@H%;E%D=<H>N%?GJ;?P=AJ%EI=D%\G;EM?G%;%\MAP;<GAE;>%\G;EM?G%@\%@M?%>=\G_%

& 2# % + # $ !

!

; < D !

EIG%;LE=@AD% =AEGAE=@A;>%@?%C@>MAE;?N% aL\_%"G?EeQG?J%7115bR%@?% acb% DG?CG%;D%AGLGDD;?N%L@AP=E=@AD%a@?%L?=EG?=;b%\@?%^MPJ=AJ%D@<GEI=AJ%E@%QG%;%L;DG%@\%V`;AE=AJX%@?%V=AEGAP=AJX_%$IG%>;EEG?%DMJJGDE=@A%=D%H?@Q;Q>N%<@DE%=A%>=AG% `=EI% `I;E% /@>@<@A% ;AP% /L?ME@A% `@M>P% E;SG% EIG<DG>CGD% E@% QG%P@=AJ_%%

$I=D%;EEG<HE% E@%J=CG%;%MA=E;?N%;LL@MAE%@\%`I;E% =AEGAE=@A;>%;LE=@AD%L@AD=DE% =A% \;=>D% E@% ;EEGAP% E@% EIG% D=EM;E=@AD% =A% `I=LI% EIG% BMGDE=@A% @\%`I;E%.%@?%N@M%`;AE%<;N%;?=DG_%$IGN%P@%A@E%L@AD=PG?%`I;E%=E%=D%EI;E%.%@?%N@M% ;?G% ;DS=AJ% \@?% =A% DMLI% D=EM;E=@ADR% QME% D=<H>N% ;DDM<G% EI;E% @AG%L@M>PR%,!H(4#(4R%J=CG%;%JGAG?;>%;AD`G?%E@%`I;E%L@ADE=EMEGD%@M?%`;AE=AJ%E@%P@%D@<GEI=AJ_%$I=D%>G;PD%;E%>G;DE%/L?ME@A%E@%EIG%A;??@`%=PG;%EI;E%`G%<;N% =A% JGAG?;>% P=DE=AJM=DI% QGE`GGA% C@>MAE;?N% ;LE=@AD% @A% EIG% @AG%I;APR% ;AP% =AC@>MAE;?N% Q@P=>N% <@CG<GAED% @?% GCGAED% EI;E% E;SG% H>;LG%=APGHGAPGAE>N% @\% MD% @A% EIG% @EIG?% I;AP_% $IMDR% IG% @HG?;EGD%`=EI% EIG%DMJJGDE=@A%EI;E%`G%<;N%?;=DG%EIG%BMGDE=@A%`I;E%D@<G@AG%`;AED%=A%;AN%D=EM;E=@AR% ;AP% EI;E%`G% =A% ;>>% L;DGD%`IG?G% DMLI% ;% BMGDE=@A% ;?=DGD% ;?G%;DS=AJ%\@?%EIG%D;<G%EI=AJ_%$I=D%AGJ>GLED%EIG%P=\\G?GAE%;EE=EMPGD%`G%<;N%E;SG% E@% D@<GEI=AJ% =A% Q?=AJ=AJ% =A% V`;AE=AJX% ;D% ;% HG?DHGLE=CG% @A% EIG%;LE=@A_% .E%;>D@%\;=>D% E@%A@E=LG%EI;E%;DS=AJ%`IGEIG?%.%@?%N@M%`;AE%E@%P@%D@<GEI=AJ%<;N%D@<GE=<GD%QG%<=D>G;P=AJ_%%

!I;ER%\@?%=ADE;ALGR%L;A%QG%D;=P%E@%QG%L@<<@A%E@%;>>%@\%EIG%\@>>@`=AJ%=ADE;ALGDZ%%

7_ .% H>;A% ;% DM?H?=DG% P=AAG?% \@?% N@M_% $IG% `I@>G% GgHG?=GALG% @\%H=LS=AJ% MH% \>@`G?D% ;AP% QMN=AJ% \@@P% =D% GgI=>;?;E=AJ_% .% >@@S%\@?`;?P% E@% EIG% ^@N% =A% N@M?% \;LGR% .% EI=AS% ;Q@ME% I@`% N@M%`=>>%?G;LER%;AP%D@%@A_%"G?GR%=E%<;N%`G>>%QG%H@DD=Q>G%E@%E?;LG%;%>=AG%@\%=AEGAE=@AD% QGI=AP%<N% ;LE=@AD_% .%<;SG% >=DED% @\%`I;E% .%`=>>% P@R%;AP%D@%@A_%%

6_ j@M% Q>;<G% <G% \@?% <N% >;<G% ?G;LE=@A% ;E% IG;?=AJ% ;Q@ME% D@<G%`?@AJ%N@M%I;CG% DM\\G?GP_%:;MJIE%MH% =A%<N%@`A% EI@MJIEDR% .%P=P%A@E%?GL@JA=eG%EIG%L@ALG?AGP%>@@S%@A%N@M?%\;LG%@?%>=DEGA%E@%`I;E%N@M%`G?G%EG>>=AJ%<G_%.%D;NR%V.i<%D@??NR%.%P=P%A@E%`;AE%E@%IM?E%N@MoX%aV.E%`;D%A@E%<N%=AEGAE=@AoXb%Y@%`G%I;CG%E@%;DDM<G%EI;E%EIG?G%`;D%D@<G%@EIG?%=AEGAE=@A%QGI=AP%<N%;LE=@ADZ%%

c_ j@M%`;AE%E@%P=DLMDD%;%LG?E;=A%;DHGLE%@\%@M?%?G>;E=@ADI=H%`I=LI%.%P@%A@E%\GG>%MH%E@%P@=AJ_%,GCG?EIG>GDDR%.%P@%=E%QGL;MDG%N@M%;DS%<G% E@_% #E% \=?DE% .% ;<% ?G>MLE;AE% QME% ;\EG?% ;% `I=>G% <N% =A=E=;>%IGD=E;E=@A%P=D;HHG;?D%;AP%.%\=AP%<NDG>\%L@<H>GEG>N%GAJM>\GP%=A%EIG%P=DLMDD=@A_%KN%DH@AE;AG@MD%PGD=?G%=D%DE=??GP%QN%`I;E%.%\=?DE%

! > + ! - # F ! + ! - # F ! + ! - # F ! + ! - # ? !

!

; < < !

L@AD=PG?GP% ;D% ;A% @Q>=J;E=@A_% *?R% .% JA;?>% EI?@MJI@ME% EIG%P=DLMDD=@AR% QME% ;\EG?`;?PD% .% ;J?GG% EI;E% =E% `;D% J@@P% EI;E% `G%E;>SGP%;Q@ME%=E_%%

m_ !G% ;?G% >@LSGP% =A% ;A% G<Q?;LG_% KN% I;APD% <@CG% ;L?@DD% N@M?%Q@PN_33% Y@% .% I;CG% ;A% =AEGAE=@A% EI;E% .% E?N% E@% <GP=;EG% =A% <N%L;?GDDGDZ% #<% .% ;LE=AJ% =AEGAE=@A;>>NZ31% :G?E;=A>NR% <N%<@CG<GAED%;?G%A@E%;?Q=E?;?N%@?%=AC@>MAE;?N%>=SG%;%DH;D<R%QME%.%`@M>P% IGD=E;EG% E@% E;>S% ;Q@ME% ;A% =AEGAE=@A% QGI=AP% <N% ;LE=@A_%$I;E%D@MAPD%;D%=\%.%I;P%D@<G%H>;AD%`=EI%<N%L;?GDDGD%EI;E%.%P@%A@E%?GCG;>%E@%N@M_%$IG%PGD=?G%E@%E@MLI%;AP%\GG>%N@M%AGGP%A@E%QG%DGGA%=A%;ANEI=AJ%@EIG?%EI;A%<N%E@MLIGD%;AP%L;?GDDGDR%DMLI%;D%=A%;%<GAE;>%;LE%EI;E%;LL@<H;A=GD%<N%L;?GDDGD_%#>>%EIG%D;<GR%=E%=D%L>G;?%`I;E%=E%=D%.%;<%P@=AJ_%%

5_ j@M%;?G%J@=AJ%@A%;%E?=H_%.%;DSR%V!IGA%;?G%N@M%L@<=AJ%Q;LSZ%.i>>%H=LS%N@M%MH%;E%EIG%;=?H@?E_X%j@M%EG>>%<G%EIG%E=<G%;AP%.%?G;>=eG%EI;E% .%I;CG% ;A@EIG?% ;HH@=AE<GAE% EIGA_% .% D;NR% V.EiD% @S_% .i>>% ^MDE%LI;AJG%<N%DLIGPM>G_X%j@M%;DSR%V#?G%N@M%?G;>>N%DM?G%EI;E%N@M%`;AE% E@%P@%=E_%j@Mi?G%A@E% ^MDE%P@=AJ%=E%QGL;MDG%N@M%EI=AS%N@M%I;CG%E@ZX%.%;DDM?G%N@M%EI;E%.%?G;>>N%`;AE%E@%P@%=E_%.\%N@M%I;P%A@E%;DSGP%<G% .%<=JIE% A@E% I;CG% J=CGA% =E% ;AN% GgE?;% EI@MJIE_% #AP%A@E=LG% EI;E% =E%<;N% QG% =<H@?E;AE% \@?% N@M% EI;E% .% P@% D@<GEI=AJ%QGL;MDG%A%`;AE%E@R%;AP%A@E%QGL;MDG%N@M%`;AE%<G%E@R%@?%QGL;MDG%.%`;AE%E@%VQG%A=LGX_%%

8_ KN%D=DEG?% =D%JGEE=AJ%<;??=GP_%!=>>% .%QG%EIG?GZ%jGD_%Y@%.% E;SG%=E%=AE@% L@AD=PG?;E=@A% =A% <N% H>;ADZ% jGD_% K;S=AJ% ;A@EIG?%;HH@=AE<GAE% `=EI% D@<G@AG% G>DGR% .% D;NR% V$IG% 7FEI% @\% WMAGR% =D%=<H@DD=Q>G_%.EiD%<N%D=DEG?iD%`GPP=AJ%P;N_X%$IG?G%=D%A@%BMGDE=@A%;D%E@%`IGEIG?%.%;<%J@=AJ%E@%;EEGAP%EIG%`GPP=AJR%QME%P@%.%`;AE%E@%P@%=EZ%.E%=D%-#$%EI;E%.%P@%=E%MA`=>>=AJ>N%@?%;J;=ADE%<N%`=>>_%.\%\@?LGP% .%<=JIE% L@ALGPG% EI;E% .R% @\% L@M?DGR%`;AE% E@% J@R% QME% EIG%BMGDE=@A%@\%`IGEIG?%.%`;AE%E@%@?%A@E%D=<H>N%P@GD%A@E%;?=DG_%V.E%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%33% /HG;S=AJ% ;Q@ME% N@M?% VQ@PNX% IG?G% =D% A@E% <G;AE% E@% =AE?@PMLG% ;% <GE;HIND=L;>%P=DE=ALE=@A% QGE`GGA% VN@MX% ;AP% N@M?% VQ@PNX_% .% <=JIE% ;D% `G>>% I;CG% D;=P% EI;E% .% ;<%L;?GDD=AJ%N@M_%V)@PNX%IG?G%?;EIG?%DG?CGD%E@%H@=AE%@ME%`I;E%H;?ED%.%;<%E@MLI=AJR%LIGDER%D=PGDR%Q;LSR%A@E%N@M?%\;LGR%GEL_%31%:\_%/L?ME@A%a7138b0%V#%L;?GDD%@\%;\\GLE=@A%=D%;%JGDEM?G%@\%?G;DDM?;ALGR%;A%;EEG<HE%E@%H>;LG%=A%EIG%L@ADL=@MDAGDD%@\%EIG%@EIG?%;A%=<;JG%@\%@AGiD%@`A%EGAPG?%L@ALG?A%\@?%I=<_%vzw% EIG% L;?GDD% @\% PGD=?G% vzw% ;=<D% E@% \=>>% EIG% DM?\;LG% @\% EIG% @EIG?iD% Q@PN% `=EI% ;%L@ADL=@MDAGDD% @\% @AGiD% =AEG?GDEp=AEG?GDE% A@E% @A>N% =A% I=D% Q@PNR% QME% ;>D@% =A% I=<% ;D%G<Q@P=GPR%=A%I=D%Q@PN%;D%;A%=AEGJ?;>%H;?E%@\%I=D%=PGAE=EN%;D%;%DG>\X%a6cb_%%

& 2# % + # $ !

!

; < B !

=D% <N% D=DEG?iD% `GPP=AJ_% *\% L@M?DG% .% `=>>% J@_X% $IG% `I@>G%BMGDE=@A%@\%`I;E%.%`;AE%DGG<D%<=DH>;LGP_%

2_ $IG% H;DE% NG;?D% @\% @M?% >=\G% E@JGEIG?% I;CG% QGGA% \=>>GP% `=EI%BM;??G>D%;AP%DMDH=L=@AD_%TGG>=AJ%EI;E%.%I;CG%I;P%GA@MJI%@\%EIG%L@ADE;AE% ;?JM=AJ% .% D;NR% V.% P@%A@E%`;AE% E@% J@% @A% \=JIE=AJ% >=SG%EI=D%;AN<@?G_%.%L;AiE%E;SG%=E_X%!I;E%=D%=E%EI;E%I;D%LI;AJGP%=A%<N%?G;LE=@AZ% .D% EIG?G% D@<GEI=AJ% =A%<N% ;LE=@ADR% DMLI% ;D% ;% PGD=?GR%EI;E%`;D%EIG?G%QG\@?G%QME%A@`%=D%<=DD=AJZ%%

$I=D% =D%A@E% =AEGAPGP%;D%;% L@<H>GEG% >=DE% @\% L;DGD% =A%`I=LI%`G%<;N%@?%<;N%A@E%DHG;S%;Q@ME%`;AE=AJ%E@%P@%D@<GEI=AJ%=A%@M?%?G>;E=@ADI=HD%@\%>@CG_% l;EIG?% .% =AE?@PMLGP% EIG% Gg;<H>GD% `=EI% EIG% I@HG% EI;E% EIG%?GL@JA=E=@A% EI;E% EIG?G% =D% ;% C;?=GEN% @\% `;ND% =A%`I=LI%`G%<;N% DHG;S%;Q@ME% `;AE=AJ% `@M>P% ?G>=GCG% MD% @\% EIG% EG<HE;E=@A% E@% EI=AS% EI;E% ;>>%L;DGD%DI;?G%;%L@<<@A%DE?MLEM?G%EI;E%EM?A%EIG<%=AE@%L;DGD%@\%`;AE=AJ_%lGL@JA=e=AJ%EI=D%DI@M>P%;>D@%<;SG%MD% >GDD%`=>>=AJ%E@%EI=AS%EI;E%EIG?G%I;D%E@%QG%@AG%L@<<@A%\G;EM?G%E@%;>>%EIG%P=\\G?GAE%D=EM;E=@AD%=A%`I=LI%`G%<;N%DHG;S%@\%QG=AJ%?GDH@AD=Q>G% \@?% D@<GEI=AJR%;AP% E@% EI=AS% EI;E%EIG%?G>;E=@A%QGE`GGA%`=>>%;AP%?GDH@AD=Q=>=EN%L;A%;>`;ND%QG%PGDL?=QGP%=A%EIG%D;<G%`;N_%

TM?EIG?<@?GR%.%`;AEGP%E@%DI@`%EI;E%DHG;S=AJ%@\%`;AE=AJ%P@GD%A@E%L@AD=DE%=A%H=LS=AJ%@ME%;%L@<H@AGAE%@\%;A%;LE=@A%EI;E%EM?AD%=E%=AE@%;A%;LE%@\%`=>>=AJ%@?%Q?=AJD%EIG%;LE=@A%;Q@ME%QN%L@AE?;DE%E@%;%<G?G%I;HHGA=AJ_%&CGA%=\%`G%<;N%DHG;S%;Q@ME%P@=AJ%D@<GEI=AJ%V`=EI%\GG>=AJX%@?%;Q@ME%I;C=AJ%P=\\G?GAE%=AEGAE=@AD%`=EI%@M?%;LE=@AD%`G%P@%A@E%I;CG%E@%EI=AS%@\%EIGDG% \GG>=AJD% ;AP% =AEGAE=@AD% ;D% =AAG?% @Q^GLED% ;LL@<H;AN=AJ% @M?%;LE=@AD_% l;EIG?% .% H?@H@DG% EI;E% `G% >@@S% ;E% V`;AE=AJX% ;D% @AG% @\% EIG%HG?DHGLE=CGD%`G%<;N%E;SG%@A%@M?%;LE=@AD%QN%L@AE?;DE%E@%@EIG?%H@DD=Q>G%MAPG?DE;AP=AJD% @\% EIG<_% !G% P@% P=\\G?GAE% EI=AJD% `IGA% `G% D;N% EI;E%D@<GEI=AJ%`;D% ;A% =AEGAE=@A;>% @?% MA=AEGAE=@A;>% ;LE=@AR% ^MDE% ;D%`G% P@%`IGA%`G%P=DE=AJM=DI%D@<GEI=AJ%`G%P@%`=>>=AJ>N%\?@<%D@<GEI=AJ%`G%P@%MA`=>>=AJ>N%@?%;J;=ADE%@M?%`=>>_%%

.% I;CG% ;>D@% `;AEGP% E@% H@=AE% @ME% EI;E% \;?% \?@<% GCG?N% <G;A=AJ\M>%;LE=@A%\;>>D%MAPG?%@AG%@\%EIGDG%L;EGJ@?=GD_%$IG%BMGDE=@A%@\%`I;E%.%`;AE%E@%P@%@?%A@E% E@%P@%P@GD%A@E%I;CG%DGADG%?GJ;?P>GDD%@\% EIG% D=EM;E=@A% =A%`I=LI% =E% =D% MEEG?GP_% :@<H;?G% EI=D% `=EI% /E;A>GN% :;CG>>% a7128b% `I@%?G<;?SD% EI;E% V`G% P@% A@E% ;LLGHE% ;% BMGDE=@A% >=SG% xY=P% N@M% P@% EI;E%C@>MAE;?=>NZi%;D%;HH?@H?=;EG%;Q@ME%;AN%;AP%GCG?N%;LE=@AX%a1b_%.E%=D%@A>N%;J;=ADE% EIG% Q;LSJ?@MAP% @\% @M?% >=\G% ;AP% @M?% ?G>;E=@ADI=HD%`=EI% @EIG?%HG@H>G%EI;E%=E%QGL@<GD%GC=PGAE%`I;E%=E%=D%`G%;DS%\@?%`IGA%`G%;DS%`I;E%D@<G@AG%`;AED%E@%P@_%$IG%D;<G%=D%E?MG%\@?%`I;E%`G%?GJ;?P%;D%@HE=@AD%

! > + ! - # F ! + ! - # F ! + ! - # F ! + ! - # ? !

!

; < I !

\@?%PGL=P=AJ%`I;E%@AG%`;AED%@?%EIG%<G;A=AJ\M>AGDD%@\%;DS=AJ%\@?%`I;E%IG%@?%DIG%`;AED%=A%EIG%\=?DE%H>;LG_%!I;E%.%;<%DMJJGDE=AJ%=A%EIG%H>;LG%@\%EIG% ;EEG<HE% E@% GgH>;=A% @M?% ?GDH@AD=Q=>=EN% =A% >@CG% QN% ?G\G?GALG% E@% @M?%`=>>R%EIG?G\@?GR%=D%;%DI=\E%=A%@M?%HI=>@D@HI=L;>%\@LMD%E@%I@`%EIG%BMGDE=@A%@\% `I;E% `G% `;AE% <;N% GAEG?% ;D% ;% <G;A=AJ\M>% HG?DHGLE=CG% =AE@% @M?%?GDH@AD=Q>G%;AP%>@C=AJ%?G>;E=@ADI=HD%`=EI%G;LI%@EIG?%;AP%EIG%P=\\G?GAE%?@>GD%=E%<;N%I;CG%EIG?G_1F%

lMDI%lIGGD%a7181b%D;=P%EI;E%VEIG%HG?D@A%=A%>@CG%=D%P=\\G?GAEn%>=\G%=D%P=\\G?GAE% \@?%I=<R%@?% EIG%`I@>G%`@?>P% =D%P=\\G?GAE% \@?%I=<X%a76m4765b_%$I=DR%.%`@M>P%DMJJGDER%=D%@AG%`;N%`G%<;N%MAPG?DE;AP%EI=D%L@<<GAE0%'@CG%P@GD%A@E%@A>N% =AC@>CG% EIG%`;N% .%C=G`%;AP%?GDH@AP% E@%N@M%;AP%@M?% ?G>;E=@ADI=HR% QMER% `=EI% EIG% ?=DS% @\% @CG?4P?;<;E=D=AJR% EIG% `;N% .%C=G`% <N% GAE=?G% `@?>P_% .E% DGED% EIG% DE;JG% `=EI% EI=AJD% EI;E% I;CG% ;A%MAL@AP=E=@A;>% <G;A=AJ% ;AP% =<H@?E;ALG% \@?% <GR% QN% L@AE?;DE% E@% EIG%L@AP=E=@A;>%LI;?;LEG?%@\%<N%PGD=?GD_%$=<G%A@E%DHGAE%`=EI%N@M%L;A%QG%DGGA%;D%E=<G%;`;N%\?@<%N@MR%;AP%;%L?MDI%@A%D@<G@AG%G>DG%EI;E%<=JIE%I;CG% Q>@DD@<GP% =AE@% >@CG% =\% =E% `G?G% A@E% \@?% <N% >@CG% \@?% N@MR% <MDE%?G<;=A%;A%=A\;EM;E=@A%;E%<@DER%@?%QGL@<GD%;%EI?G;E%E@%@M?%>@CG_%.A%EI=D%DGADGR%D;N=AJ%V.% >@CG%N@MX% =D%;%`;N%@\%<;?S=AJ%EIG%HG?DHGLE=CG% \?@<%`I=LI% .% `;AE% N@M% ;AP% @EIG?D% E@% ?GJ;?P% <N% ;LE=@ADR% =AEGAE=@AD% ;AP%PGD=?GD_% .E% =D% EIG% HG?DHGLE=CG% ;J;=ADE% `I=LI% .% ;LLGHE% ?GDH@AD=Q=>=ENR%L?=E=L=D<%;AP%GCGA%Q>;<G%\@?%`I;E%.%P@R%;AP%`I@%.%;<_%.\%`G%QG;?%EIGDG%;DHGLED%@\%>@CG%=A%<=AP%=E%DI@M>P%L@<G%;D%A@%DM?H?=DG%EI;E%`G%H?@<=DG%E@%>@CG%D@<GQ@PN%=A%@M?%`GPP=AJ%C@`D_%$IG%`@?PDR%V.%>@CG%N@MX%;?G%=A%EIG<DG>CGD%;%H?@<=DG%E@%J=CG%N@M%;A%=<H@?E;AE%H>;LG%=A%<N%>=\G_%.E%=D%;A% ;LSA@`>GPJG<GAE% @\% EIG% L>;=<D% EI=D% <;SGD% @A% <G% ;AP% ;A%GgH?GDD=@A%@\%<N%?GDH@AD=Q=>=EN%QG\@?G%N@M%;AP%<N%H?@<=DG_%

0!!?(!6+2+%!%#!2:!,+66?!

$IGDG% L@AD=PG?;E=@AD% ;>D@% I;CG% L@ADGBMGALGD% \@?% ;A@EIG?% `;N% =A%`I=LI% BMGDE=@AD% @\% <N% `=>>% ;AP% \?GGP@<% <;N% GAEG?% =AE@% >@CG_% $@%;AE=L=H;EG%EIG%P=DLMDD=@A%=A%H;?E%E`@%>@CG%=D%D@<GE=<GD%DH@SGA%@\%;D%;%Q@APR% =<H>N=AJ% EI;E% >@CG% =D% D@<GEI=AJ% EI;E% <;N% ;>D@% Q=AP% MD_% #%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%1F% $I=D% =D% A@E% E@% DMJJGDE% EI;E% `G% ?;EIG?% GgH>;=A% @M?% PGD=?GD% ;AP% =AEGAE=@AD% `=EI%?G\G?GALG%E@%>@CG_%'@CG%=D%A@E%G_J_%E@%QG%DGGA%;D%GgH?GDD=AJ%;%VI=JIG?4@?PG?%PGD=?GX%@?%;%VDE?@AJ%GC;>M;E=@AX%;J;=ADE%`I=LI%@M?%V\=?DE4@?PG?%PGD=?GDX%;?G%^MPJGP_%*A%EIG%`I@>GR%.%;<%A@E%E?N=AJ%E@%GgH>;=A%;ANEI=AJR%QME%?;EIG?%`;AE%E@%?G<=AP%MD%@\%EIG%L@AEGgED%EI;E%;?G% AGGPGP% \@?% MD% E@% MAPG?DE;AP% `I;E% =D% <G;AE% QN% DHG;S=AJ% ;Q@ME% V`;AE=AJX% =A%P=\\G?GAE%D=EM;E=@AD_%

& 2# % + # $ !

!

; < C !

D=<=>;?%=PG;%=D%\@MAP%=A%EIG%A@E=@A%EI;E%@EIG?%HG@H>G%;?G%V>=<=ED%E@%<N%`=>>X_% $I=D% =D% ;% \@?<M>;E=@A%`I=LI%l;=<@AP%h;=E;% a6FFmb% @\EGA% MDGD_%'=SG%KM?P@LI% =A% ?GDHGLE% E@% EIG% L@ALGHE%@\% V;EEGAE=@AXR%IG% ;>D@% E;SGD%EI=D% GgH?GDD=@A% \?@<% /=<@AG% !G=>_% $I=D% H=LEM?G% @\% @M?% <@?;>%GgHG?=GALG% =D% PGDL?=HE=CG% MH% E@% ;% LG?E;=A% H@=AE_% $I=D% =D% EIG% DGADG% =A%`I=LI% EIG% EG;?D%`G>>=AJ% MH% =A% N@M?% GNGD% ;E% \=AP=AJ% @ME%`I;E% .% I;CG%P@AG% E@%N@M%<;N%?GCG;>% E@%<G% EIG% D=JA=\=L;ALG%@\%`I;E% .%I;CG%P@AG_%#A@EIG?%;?E=LM>;E=@A%@\%EI=D%GgHG?=GALG%@\%QG=AJ%>=<=EGP%QN%D@<GEI=AJ%`I=LI% =D% =APGHGAPGAE% @\% <G% =D% \@MAP% =A% &<<;AMG>% 'dC=A;Di% a7135b%H=LEM?G% @\% EIG% \;LG% @\% EIG% @EIG?% ;D% D@<GEI=AJ% EI;E% H?GCGAED%<G% \?@<%`?@AJP@=AJ%a31b_%

"@`GCG?R%EIG%GgH?GDD=@A%;>D@%@HGAD%\@?%;%`;N%@\%MAPG?DE;AP=AJ%EIG%?G>;E=@ADI=H%QGE`GGA%`I;E%.%L;A%QG%D;=P%E@%`;AE%;AP%<N%?G>;E=@ADI=HD%`=EI%@EIG?%HG@H>G%EI;E%=D%<=D>G;P=AJ_%$I=D%I;HHGAD%`IGA%@AG%E;SGD%EIG%<@?;>%H@=AE%h;=E;%;AP%!G=>%;?G%<;S=AJ%@ME%@\%L@AEGgE%E@%L@ADE=EMEG%;A%GH=DEG<@>@J=L;>%?G<;?S%;Q@ME%EIG%IM<;A%=AP=C=PM;>_%*?R%E@%\@?<M>;EG%=E%D>=JIE>N%P=\\G?GAE>NR%=E%I;HHGAD%`IGA%@AG%E?=GD%E@%H?GDGAE%MD%`=EI%;A%GH=DEG<@>@JN%@\% EIG%IM<;A% =AP=C=PM;>%`=EI@ME% ?GL@JA=e=AJ% EIG%S=AP%@\% <@?;>=EN% @\% `I=LI% EI=D% GH=DEG<@>@JN% =D% GgH?GDD=CG_% T?@<% EI=D%HG?DHGLE=CGR% @EIG?% HG@H>G% H?=<;?=>N% ;HHG;?% E@% <G% ;D% @QDE;L>GD%H?GCGAE=AJ%<G%\?@<%?G;>=e=AJ%<N%\?GGP@<%QN%GgG?L=D=AJ%<N%`=>>_%%

$I=D%H=LEM?G%;DDM<GDR%\=?DER%EI;E%<N%`=>>%L;A%QG%L@ADE?MGP%;D%;%J=CGA%GAE=EN%`I=LI%=E%<;SGD%DGADG%E@%DHG;S%;Q@ME%H?=@?%E@%<N%<GGE=AJD%`=EI%@EIG?% HG@H>G_% KN% `=>>% E;SGD% EIG% \@?<% @\% ;A% ;><@DE% =AC=AL=Q>G% \@?LG%`=EI=A% <G% `I=LI% =D% G=EIG?% AGLGDD;?=>N% L@ADE?;=AGP% @?% AGGPD% E@% QG%DMQPMGP%=A%<N%?G>;E=@ADI=HD%`=EI%@EIG?D_%/GL@APR%=E%H?GDGAED%<N%`=>>%;D%D@<GEI=AJ%EI;E%=D%;>`;ND%E@%QG%MAPG?DE@@P%=A%L@AE?;DE%E@%EIG%`=>>D%@\%@EIG?D_% &CG?N% <GGE=AJ% `=EI% ;A@EIG?% IM<;A% QG=AJ% =AC@>CGD% ;%L@<H?@<=DG% @\% <N% `=>>R% @?% ;E% >G;DE% EIG% H@DD=Q=>=EN% @\% =ED% QG=AJ%L@<H?@<=DGP_%.A%EI;E%DGADGR%>@CG%=D%DGGA%;D%D@<GEI=AJ%EI;E%>=<=ED%<N%\?GGP@<_%$I=D%`;N%@\%@CG?4G<HI;D=e=AJ%EIG%DH@AE;AG@MD%LI;?;LEG?%@\%@M?%`=>>%=AC=EGD%MD%E@%J=CG%;A%;><@DE%<GE;HIND=L;>%DE;EMD%E@%=E_%

$I=D%=D%A@E%E@%PGAN%EI;E%EIG?G%;?G%E=<GD%;E%`I=LI%=E%=D%<G;A=AJ\M>%E@%DHG;S%;Q@ME%EIG%`=>>%=A%DMLI%`;ND_%$IG?G%;?G%E=<GD%;E%`I=LI%.%<;N%\GG>%EI;E%@EIG?%HG@H>G%H?GCGAE%<G%\?@<%P@=AJ%`I;E%.%`;AER%;AP%;E%`I=LI%.%`@M>P%I;CG%L@AE=AMGP%`=EI%;%P=\\G?GAE%L@M?DG%@\%;LE=@AD%=\%=E%`G?G%A@E%\@?% EIG=?%`=DIGD_%$IG?G%;?G% ;>D@% D=EM;E=@AD% =A%`I=LI% .%<;N% EI=AS% EI;E%<N% DH@AE;AG@MD% `=DIGD% ?MA% L@MAEG?% E@% EIG% PG<;APD% @\% >@CG_%"@`GCG?R%EIG%DMJJGDE=@A%EI;E%`G%L@M>P%;>`;ND%MAPG?DE;AP%EIG%`=>>%;D%;%JGAG?;>% L@AE?;DE% E@% EIG%PG<;APD%@\% >@CGR% \;=>D% E@% ;LSA@`>GPJG% EI;E%D;N=AJ% EI;E% .%`;AE% D@<GEI=AJ%<;N%;>D@%QG%GgH?GDD=CG%@\% >@CG_% .E% ;>D@%

! > + ! - # F ! + ! - # F ! + ! - # F ! + ! - # ? !

!

; < = !

;DDM<GD%EIG%C=G`%L?=E=L=eGP%;Q@CG%EI;E%`G%@A>N%DHG;S%;Q@ME%`;AE=AJ%D@<GEI=AJ%=A%@AG%`;N_%%

)N%L@AE?;DE%E@%EIG%=PG;%EI;E%EIG%PG<;APD%<N%>@CG%\@?%@EIG?%HG@H>G%<;SG%@A%<G%DG?CG%;D%>=<=ED%E@%<N%;LE=@AD%@?%<N%`=>>R%.%`;AE%E@%L>;=<%EI;E% ?GL@JA=e=AJ%D@<GEI=AJ%;D%;%PG<;APR%@?%;LE=AJ%@ME%@\%;% DGADG%@\%?GDH@AD=Q=>=ENR%P@GD%A@E% =A% =EDG>\%L@ADE=EMEG%;%H?@Q>G<%\@?% >@CG_%/GG=AJ%D@<GEI=AJ% ;D% ;% PG<;AP% =A% <N% ?G>;E=@ADI=HD% `=EI% @EIG?% HG@H>G% =D%;>?G;PN%;A%GgH?GDD=@A%@\%>@CG_%.E%=D%@A>N%=A%EIG%>=JIE%@\%>@CG%EI;E%;DHGLED%@\% <N% ?G>;E=@ADI=HD% ;HHG;?% E@% <G% ;D% PG<;APD_% $IG% ?GL@JA=E=@A% @\%D@<GEI=AJ%;D%;%PG<;AP%?GCG;>D%<N%L@<<=E<GAE%E@%`I;E%I;HHGAD%E@%@EIG?% HG@H>G% ;AP% <N% ?G>;E=@ADI=H% `=EI% EIG<% ;AP% =D% ;A% =<H@?E;AE%;DHGLE%@\%<N%=AC@>CG<GAE%`=EI%EIG<_%%

#D%.%D;=PR%.%P@%A@E%`;AE%E@%PGAN%EI;E%@AG%<;N%?G>;EG%E@%@EIG?%HG@H>G%<;=A>N% ;D% >=<=ED% E@% @AGiD% \?GGP@<R% A@?% EI;E% DMLI% ;% C=G`% <;N% QG%GgH?GDD=CG%@\%;%HG?D@AiD%L@<H>GEG%@ME>@@S%@A%>=\G_%&CGA% =A% >@CG%EIG?G%;?G% E=<GD% `IGA% L@<<=E<GAED% \GG>% >=SG% LI;=ADR% ;AP% ?GDH@AD=Q=>=EN%QGL@<GD% ;% QM?PGA_% $IG% L?NR% V.% P@AiE% `;AE% E@% J@% @A% >=SG% EI;EXR%GgG<H>=\=GD%@AG%DMLI%D=EM;E=@A_%/GG=AJ%@EIG?%HG@H>G%;D%=AE?MPG?D%=A%<N%>=\GR% ;D% MA`;AEGP% >=<=ED% E@% <N% \?GGP@<R% I@`GCG?R% =<H>=GD% ;%HG?DHGLE=CG%EI;E%=D%BM=EG%P=DE=ALE%\?@<%>@CG_%.E%?GJ;?PD%@EIG?%HG@H>G%;D%=<H@D=AJ%@A%<N% >=\GR% ;D%@HH@DGP% E@% >@CG% =A%`I=LI%@EIG?%HG@H>G%<;N%?;EIG?%QG%D;=P%E@%<;SG%MH%<N%>=\GR%QN%GAP@`=AJ%=E%`=EI%<G;A=AJ_%%

.A% EI=D% ?GDHGLER% `G% DI@M>P% A@E% \@?JGE% EI;E% >@CG% A@E% @A>N% <;SGD%L>;=<D%@A%<G%QME%;>D@%J=CGD%<G%EIG%@HH@?EMA=EN%E@%;LE%=A%`;ND%.%L@M>P%A@E%;LE%QME%\@?%>@CG_%.E%H>;LGD%<G%=A%;%`@?>P%=A%`I=LI%HG@H>G%<;EEG?%E@%<GR% =A%`I=LI% EIGN%;?G%H?GL=@MD%;AP%<G;A=AJ\M>% E@%<GR%;AP% =E% ;>>@`D%<G% E@% <;EEG?R% E@% <G;A% D@<GEI=AJ% \@?% EIG<_% $IMDR% .% <;N% ?;EIG?%?GDH@AP%E@%EIG%L>;=<D%EI;E%>@CG%<;SGD%@A%<G%`=EI%J?;E=EMPG%=ADEG;P%@\%?GDGAE<GAE_% &CGA% E;>S=AJ% ;Q@ME% VL>;=<DX% @?% VPG<;APDX%<;N% QG% E@@%DE?@AJ% ;% `@?P% \@?% EIG%<G;A=AJD% `=EI%`I=LI% >@CG% ;AP% @EIG?% HG@H>G%GAP@`%<N%>=\G_%

!

!

!

&9+6#37&8!&2#%+#$!

%.&!9':".#6#3:!($-!!2#*(6+%:!#A!&2#%+#$!!

%$IG% DEMPN% @\% G<@E=@AD% =D% <;PG% P=\\=LM>E% QN% EIG% \;LE% EI;E% EIG% `@?P%VG<@E=@AX% =D% MDGP% =A%`;ND% EI;E% ;?G% \;?% \?@<% ?GH?GDGAE=AJ% ;% MA=E;?N%HIGA@<GA@A_%*M?%MDG%@\%G<@E=@A4`@?PD%?;AJG% \?@<%DHG;S=AJ%;Q@ME%DGAD;E=@ADn% EIG% \MeeN% \GG>=AJD% =A% @AGiD% DE@<;LIR% EIG% DM?JG% @\% ?;JG%?=D=AJ% =A% @AGiD% Q@PNR% EIG% `G>>=AJ% MH% @\% EG;?DR% E@% QGI;C=@M?n% EIG%L>GALI=AJ%@\%\=DEDR%EIG%IG=JIEGAGP%C@=LGR%EIG%?GPPGA=AJ%\;LGR%EIG%J?=G\4>;PGA%DEGHR%E@%G>;Q@?;EG%<@?;>%P=DL@M?DGD%?GJ;?P=AJ%EIG%=<H>=L;E=@AD%@\%?GDH@AD=Q=>=ENR%DI;<GR%?G<@?DG%;AP%JM=>E_%.E% =DR%.%`@M>P%;?JMGR%C;=A%E@%DG;?LI% \@?% @AG% D=AJ>G% \G;EM?G% EI;E%`@M>P% SGGH% ;>>% @\% EIGDG% =ADE;ALGD%E@JGEIG?R%GAE=E>=AJ%EIG<%E@%EIG%`@?P%VG<@E=@AXR%@?%E@%EIG%A;<G%@\%;AN%@\% EIG% =AP=C=PM;>% G<@E=@ADR% \G;?R% ;AJG?R% ^@NR% H=ENR% ?G<@?DGR% JM=>ER%;Ag=GENR%>@CGR%I;EGR%;AP%D@%@A_%l;EIG?%=E%<;N%QG%D;=P%EI;E%@M?%P=\\G?GAE%MDGD% @\% EIG% @#-@&H$% @\% G<@E=@ApEI;E% =D% A@E% @A>N% G<@E=@AD% ;D% ;%HIGA@<GA@Ap;?G%IG>P%E@JGEIG?%QN%;A%;??;N%@\%V\;<=>N%?GDG<Q>;ALGDX%aL\_%!=EEJGADEG=A% 7112R% q88\\b_% /@<G% MDGD% @\% G<@E=@A4`@?PD% @CG?>;HR%L?G;E=AJ%H;EEG?AD%@\%?GDH@ADGD% E@%@EIG?D%;AP%E@%`I;E% =D%I;HHGA=AJ%E@%@AGDG>\% `I=LI% ;?G% L@AAGLEGP% `=EI% G;LI% @EIG?% =A% P=\\G?GAE% `;ND_%"@`GCG?R%=E%<;N%A@E%QG%H@DD=Q>G%E@%\=AP%@AG%;DHGLE%@\%EIGDG%MDGD%EI;E%?MA%EI?@MJI%;>>%@\%EIG%P=\\G?GAE%MDGD_%%

.% `@M>P% A@ER% \@?% =ADE;ALGR% ;J?GG% `=EI% h?=\\=EID% a7112b% `I@% J=CGD%H;DD=C=EN% EIG% D=JA=\=L;AE% ?@>G% =A%PGEG?<=A=AJ%`I;E%`G%MAPG?DE;AP% ;D%G<@E=@AD_% *?R% .% DI@M>P% ?;EIG?% D;NR% `I;E% `G% 5%#08.! MAPG?DE;AP% ;D%G<@E=@ADR%D=ALG%h?=\\=EID%DGGD%;A%=AE@>G?;Q>G%C;JMGAGDD%H?GL=DG>N%=A%EIG%\;LE%EI;E%EIG%`@?P%VG<@E=@AX%I;D%A@%L>G;?%?G\G?GAE_%.E%=D%E?MG%EI;E%EI=D%=D%;A%;DHGLE%@\%<;AN%D=EM;E=@AD%=A%`I=LI%`G%GgH?GDD%P=\\G?GAE%G<@E=@ADR%;AP%.%`=>>%DI@?E>N%?GEM?A%E@%`IN%.%EI=AS%EI;E%`I;E%.%I;CG%E;>SGP%;Q@ME%;D%DH@AE;AG=EN%L@ADE=EMEGD%@AG%LGAE?;>%;DHGLE%@\%G<@E=@AD_%)ME%=E%=D%\;?%\?@<% E?MG% EI;E% GCG?N% @LL;D=@A% @A% `I=LI% =E% =D% <G;A=AJ\M>% E@% DHG;S%;Q@ME% ;A%G<@E=@A%I;D% EI=D%H;DD=CG%G>G<GAER% @?%GCGA% EI;E%`G%AGGP% E@%

& 9 + 6#37 & 8 ! % . & ! 9 ' :".#6#3: ! ($- !2#*( 6 + % : !# A ! &2#% + #$ !

!

; < @ !

G<HI;D=eG% EIG% DH@AE;AG@MD% LI;?;LEG?% @\% G<@E=@AD_% /@<GE=<GD% @M?%L@<<=E<GAE% E@% LG?E;=A%G<@E=@AD% =D%<@?G%@?% >GDD%LI@DGA_%lGDH@AP=AJ%E@%;A@EIG?%=A%;A%G<@E=@A;>%<;AAG?%=D%L@AD=PG?GP%EIG%H?@HG?%?GDH@ADG_%VY@%.%I;CG%E@%QGL@<G%;AJ?N%\@?%N@M%E@%MAPG?DE;AP%EI;E%.%;<%DG?=@MDZX%*M?% L@<<=EE=AJ% @M?DG>CGD% E@% ;A% G<@E=@A;>% MAPG?DE;AP=AJ% @\% EIG%D=EM;E=@A%<;N% =A% DMLI% D=EM;E=@AD% I;CG%<@?G% E@% P@%`=EI% @M?% @CG?4;>>%MAPG?DE;AP=AJ% @\% ;% D=EM;E=@A% EI;A% `=EI% @M?% H?GDGAE% HIND=@>@J=L;>%?G;LE=@AD_%$I=D%=DR%@\%L@M?DGR%;>D@%`I;E%>G;PD%h?=\\=EID%E@%P=DL;?P%LG?E;=A%G<@E=@ADR%EIG%P=DL>;=<GP%;LE=@ADR%;D%HDGMP@4G<@E=@AD%ah?=\\=EID%7112R%6m5b_17%%

$IG% H?GLGP=AJ% P=DLMDD=@AD% I;CG% ;>>% =AC@>CGP% ;A% =<H>=L=ER% ;AP%D@<GE=<GDR%GgH>=L=E%L?=E=L=D<%@\%EIG%HI=>@D@HI=L;>% EGAPGALN%E@%AGJ>GLE%EIG% ;Q@CG%<GAE=@AGP%.43&(54$)%`IGA% HI=>@D@HI=e=AJ% ;Q@ME% G<@E=@AD_%$IG% DG;?LI% \@?% @AG% PG\=A=AJ% \G;EM?G% =D% ;% LI;?;LEG?=DE=L% @\% <@DE%L@AEG<H@?;?N%;LL@MAED%@\%G<@E=@AR%`IGEIG?%@AG%HMED%@AGiD% \@LMD%@A%D@<G% HIND=@>@J=L;>% LI;AJGDR% D@<G% \GG>=AJD% @?% HG?LGHE=@ADR% ;D% =A% EIG%,G@4W;<GD=;A% ;LL@MAED% ah?=\\=EIDR% O?=Aeb% @?% @A% D@<G% EI@MJIED% @?%QG>=G\D%@?% ^MPJG<GAED%;D%=A%EIG%L@JA=E=CG%EIG@?=GD%@\%G<@E=@A%a$;N>@?R%/@>@<@Ab_%#>>% DMLI%;LL@MAED%@\%G<@E=@AD% DM\\G?% \?@<% \GGP=AJ%@A% E@@%>=<=EGP%;% ?;AJG%@\%Gg;<H>GD%QN%;>>@`=AJ% EIG=?%H?G4L@ALG=CGP%A@E=@AD%;Q@ME% `I;E% G<@E=@AD% ;?G% P=?GLE% EIG=?% LI@=LG% @\% Gg;<H>GD_% $IG% \=?DE%E;SGD%\@?%=ED%DE;?E=AJ%H@=AE%EIG%HIND=@>@J=L;>%H?@LGDDGD%@\%G<@E=@AR%EIG%DGL@AP%EIG=?%<GAE;>R%;AP%;>D@%<@?;>R%LI;?;LEG?_%%

#D% @AG% ?G<GPN% E@% DMLI% ;% >=<=EGP% P=GE% @\% Gg;<H>GD% !=EEJGADEG=A%H?@H@DGPR%;<@AJ%@EIG?%EI=AJDR%EI;E%`G%>@@S%;E%EIG%D=EM;E=@AD%=A%`I=LI%`G%L@<G%E@%J;=A%;%J?;DH%@\%EIG%L@ALGHED%=A%@M?%>=\G_%"G?G%;?G%D@<Gn%a7b%#% \;EIG?% ?G;LIGD% @ME% E@% JGE% I@>P% @\% I=D% D@AR% V!;=ER% EIG% DE;=?D% ;?G%P;AJG?@MDo% j@M%<=JIE% \;>>o% Y;PPN%`=>>% J@% \=?DE_X% $IG% LI=>P%<;N% QG%<@?G%DL;?GP%QN%EIG%E@AG%@\%EIG%H;?GAEiD%C@=LG%EI;A%EIG%;LEM;>%DE;=?DR%QME%DE@HD%;AP%`;=ED_%a6b%#%<@EIG?%L@<\@?ED%IG?%`I=<HG?=AJ%LI=>PR%VY@AiE%QG% D;Po% .%`;DAiE% ;AJ?N%`=EI% N@M_% .%`;D% ^MDE%`@??=GP% EI;E% D@<GEI=AJ%<=JIE%I;CG%I;HHGAGP%E@%N@M_%$I;E%`;D%`IN%.%DH@SG%D@%>@MP>N_X%acb%#%LI=>P%=ADE?MLED%;%E@N%;A=<;>_%V";CG%N@M%QGGA%P=D@QGP=GAE%@ALG%;J;=AZ%,@`R%.i<%JGEE=AJ%?G;>>N%;AJ?N%`=EI%N@MoX%%

.E%DI@M>P%QG%L>G;?%\?@<%EIG%DE;?E%EI;E%`I;E%EIG%LI=>P?GA%L;A%QG%D;=P%E@% >G;?A% =A% EIGDG% L;DGD% =D% A@E% D@<GEI=AJ% EI;E% L;A% QG% L;HEM?GP% ;AP%DG?CGP%=A%;%AG;E%H;LS;JG_%#E%E=<GD%EIGN%L;A%QG%D;=P%E@%>G;?A%D@<GEI=AJ%;Q@ME% EIG=?%@`A%?GDH@ADGD_%$IGN% \=AP%AG`%`;ND%@\%;?E=LM>;E=AJ% EIG=?%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%17%:\_%LI;HEG?%7R%H_%86_%

& 2# % + # $ !

!

; B G !

@`A% ?G;LE=@AD_% .ADEG;P% @\% L?N=AJ% @MER% @?% =A% ;PP=E=@A% E@% =ER% EIGN% D;N%V$I;E% IM?EoXR% =A% EIG% H>;LG% @\% I=EE=AJ% EIG=?% D=Q>=AJDR% EIGN% EG>>% EIG=?%H;?GAEDR%V/IG%DE@>G%<N%L;?oX%#E%@EIG?% E=<GD% EIGN%L;A%QG%D;=P% E@% >G;?A%AG`% ?GDH@ADGD_% $IGN% \=AP% EI;E% 5,)4-+! D@<GEI=AJR% GgH?GDD=AJ%`=DIGDR%EI@MJIEDR% \GG>=AJD%;AP% EIG% >=SGR%<;N% =EDG>\%G>=L=E%;% ?GDH@ADG% =A%@EIG?D_%*?% EIGN% \=AP%`;ND%@\%CG?Q;>>N% ?GDH@AP=AJ% E@%@EIG?%HG@H>G% EI;E%`G?G%A@E%`=EI=A%EIG=?%?G;LI%G;?>=G?_%$IGN%<;N%EG>>% EIG=?%D=Q>=AJDR%VY@AiE%P@%EI;E%@?%K@<<N%`=>>%QG%<;P%;E%N@MX_%$IGN%L@<G%=A%L@AE;LE%`=EI%;AP%>G;?A% E@% <;DEG?% ;% <@?G% L@<H>Gg% C@L;QM>;?N% L@AD=DE=AJ% @\% L@ALGHED%DMLI%;D%^MDE=LGR%?=JIEDR%@Q>=J;E=@ADR%Q?;CG?NR%L@`;?P=LGR%;AP%D@%@A_%%

!I;E% .%`;AE% E@% Q?=AJ% @MER% I@`GCG?R% =D% EI;E% QN% >G;?A=AJ% E@%<;DEG?%EIG=?% >;AJM;JG% `=EI=A% EIGDG% <GGE=AJD% `=EI% @EIG?% HG@H>GR% LI=>P?GA%L@<G%E@%J?;DH%EIG%=AEG?A;>%?G>;E=@AD%QGE`GGA%LG?E;=A%;DHGLED%@\%@M?%>=\G_%$IG% LI=>P% >G;?AD% EI;E% V\;>>=AJX% =D% L@AAGLEGP%`=EI% VJGEE=AJ%IM?EXR% EI;E%VJGEE=AJ%IM?EX%=D%D@<GEI=AJ%@AG%<;N%QG%V;\?;=P%@\XR%EI;E%;%>@MP%C@=LG%<;N%QG%;A%GgH?GDD=@A%@\%V\G;?XR%V;AJG?X%@?%V`@??NX_%#A%;DHGLE%EI;E%.%I@HG% `=>>% QGL@<G% =AL?G;D=AJ>N% L>G;?% EI?@MJI@ME% EI=D% `@?S% =D% I@`%L>@DG>N% L@AAGLEGP% EIGDG% ;DHGLED% ;?G% `=EI% @M?% MAPG?DE;AP=AJ% @\% @M?%?G>;E=@AD%E@%@EIG?%HG@H>G_16%$IG%LI=>P%>G;?AD%EI;E%EIG=?%H;?GAED%<;N%QG%`@??=GP%;Q@ME%EIG<%JGEE=AJ%IM?ER%;AP%EI;E%EIGN%`=>>R%I@HG\M>>NR%`;ELI%@ME% \@?% EIG<% =A%P;AJG?@MD% D=EM;E=@AD_% .E% >G;?AD% =A%`I;E% L@AEGgED% =E% =D%<G;A=AJ\M>% E@% D;N% LG?E;=A% EI=AJDR% `I;E% <;SGD% DGADG% =A% ;% H;?E=LM>;?%D=EM;E=@A% ;AP%`I;E% A@E_% $IG% H;?GAE% =D% A@ER% D;NR% >;MJI=AJ% ;AP% QG=AJ%I;HHN%;E%EIG%H?@DHGLE%@\%EIG%LI=>P%\;>>=AJ%@?%;E%IG;?=AJ%EI;E%;%`=AP@`%Q?@SGR%;AP%D@%@A_%

.E% =D% =<H@?E;AE% E@% L@AD=PG?% DMLI% L;DGD% @\% >G;?A=AJ% a=A% @M?% A;EM?;>%I=DE@?Nb%\@?%;E%>G;DE%E`@%?G;D@AD%`I=LI%;?G%=AEG?A;>>N%?G>;EGP_%%

a7b% OI=>@D@HIG?D% @\EGA% E;SG% @M?% MAPG?DE;AP=AJ% @\% @M?DG>CGD% a@M?%EI@MJIEDR% QG>=G\DR% ;AP% \GG>=AJDb% ;D% J=CGA_% $@@%<MLI% H?=@?=EN% =D% @\EGA%J=CGA%E@%EIG%\=?DE%HG?D@A%HG?DHGLE=CG_%.E%=D%;DDM<GP%EI;E%=E%<;SGD%DGADG%E@% P=DLMDD% <N% \GG>=AJD% @?% QG>=G\D% ;D% =AP=C=PM;>% V@Q^GLEDX% `=EI=A%=AP=C=PM;>% VDMQ^GLEDX_% $I=D% @\EGA% J@GD%`=EI% @A>N% L@AD=PG?=AJ% IM<;A%QG=AJD% ;D% ;PM>ED% ;E% J=CGA% <@<GAED% @\% E=<G% ;AP% A@E% J=C=AJ% GA@MJI%?@@<%E@%EIG%?G\>GLE=@A%EI;E%`G%;?G%QG=AJD%`I@%>=CG%EI?@MJI%E=<G%;AP%LI;AJG%;AP%>G;?A%=A%;AP%EI?@MJI%EI;E%>=\G_%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%16% )N% L@AE?;DE% E@%!=EEJGADEG=AiD% a7128b% BM@EG% @\% h@GEIGiD% X.<%#A\;AJ%`;?% P=G% $;EX%am6Fb%)MQG?%DMJJGDEGP%EI;E%V.A%EIG%QGJ=AA=AJ%=D%?G>;E=@AX%a)MQG?%6FFmR%66b_%)@EI%EIGDG%\@?<M>;E=@ADR% @\% L@M?DGR% \@?<% ;% L@AE?;DE% E@% EIG% Q=Q>=L;>R% V.A% EIG% QGJ=AA=AJ% `;D% EIG%!@?PX_%%

& 9 + 6#37 & 8 ! % . & ! 9 ' :".#6#3: ! ($- !2#*( 6 + % : !# A ! &2#% + #$ !

!

; B ; !

a6b%!IGA%P=DLMDD=AJ%EIG%<G;A=AJ%@\%P=\\G?GAE%`@?PD%HI=>@D@HIG?DR%@?%`GR%`IGA%HI=>@D@HI=e=AJR%@\EGA% EGAP%E@% \@?JGE% EIG%L@AEGgED%`=EI=A%`I=LI%EIGDG%`@?PD%;?G%MDGP_%!G%\@?JGE%EI;E%EIGN%I;CG%<G;A=AJ%4-%@M?%>=\G%;AP%EI;E%EIG%<G;A=AJD%@\%@M?%`@?PD%;?G%A@E%GgEG?A;>%E@%EIG%MDG%`G%<;SG%@\%EIG<%EIG?G_%%

!I;E%EIGA%P@%EIGDG%L@AD=PG?;E=@AD%@\%EIG%L@AEGgE%@\%@M?%GgH?GDD=@AD%;AP%;EE?=QME=@AD%@\%G<@E=@AD% EG>>%MD%`=EI%?GDHGLE% E@% >@CGZ%T=?DE%@\%;>>R%`G% AGGP% E@% L@AD=PG?% EIG% BMGDE=@A% `IGEIG?% =E% =D% ;>`;ND% \?M=E\M>% E@%L@AD=PG?%>@CG%;D%;A%G<@E=@A_%.%I;CG%LI@DGA%E@%QGJ=A%<N%P=DLMDD=@AD%QN%L@AD=PG?=AJ%BMGDE=@AD%HG?E;=A=AJ%E@%EIG%HI=>@D@HIN%@\%G<@E=@AD%QME%.%I;CG%;>D@%H@=AEGP%@ME%=A%`I=LI%`;ND%=E%=D%A@E%IG>H\M>%E@%DG;?LI%\@?%;A%MAPG?DE;AP=AJ% @\% >@CG% =A% EIG% L@AEGgE% @\% G<@E=@AD_% l;EIG?% EI;A%MAPG?DE;AP=AJ% >@CG% ;D% D@<G% S=AP% @\% =AAG?% @?% @MEG?% @Q^GLER% .% I;CG%DMJJGDEGP% EI;E% `G% AGGP% E@% MAPG?DE;AP% EIG% L@ALGHE% ;J;=ADE% EIG%Q;LSJ?@MAP%@\%`I;E%.%I;CG%L;>>GP%EIG%<@?;>%P?;<;%EI;E%=D%@M?%>=\G_%%

.%P@%A@E%EI=AS%EIG?G%=D%;AN%@AG%;AD`G?%E@%EIG%BMGDE=@A%`IGEIG?%>@CG%QG>@AJD% E@% EIG% G<@E=@AD% @?% A@E_% l;EIG?% EIG% ;AD`G?D% `G% <;N% J=CG%PGHGAP%@A%`I;E%`G%;?G%;DS=AJ%\@?%=A%EIG%P=\\G?GAE%D=EM;E=@AD%=A%`I=LI%EIG%BMGDE=@A%<;N%;?=DG_% .A% D@<G%D=EM;E=@ADR% ;%P=DLMDD=@A%@\%G<@E=@AD%<;N%IG>H%E@%DIGP%>=JIE%@A%BMGDE=@AD%L@ALG?A=AJ%>@CG_%.A%@EIG?DR%=E%<;N%QG%IG>H\M>%E@%P=DLMDD%>@CG%;D%;A%Gg;<H>G%@\%G<@E=@A%E@%DI@`%EI;E%@M?%G<@E=@A;>% MAPG?DE;AP=AJ% =A% D@<G% L;DGD% =D% <@?G% L@<H>Gg% EI;A% `G%EI@MJIE%;E% \=?DE_%jGE%;J;=AR% =A%@EIG?%D=EM;E=@AD%`G%<;N%EI=AS% =E%QGEEG?%A@E%E@%Q?=AJ%G<@E=@AD%=AE@%@M?%P=DLMDD=@A%;E%;>>_%

KN% <;=A% ?G;D@A% \@?% =AE?@PML=AJ% G<@E=@AD% =AE@% EIG% P=DLMDD=@A% =D%EI;E%EIG%MAPG?DE;AP=AJ%`I=LI%>@CG%L;A%QG%D;=P%E@%L@ADE=EMEG%=D%=A%<;AN%`;ND%;A%G<@E=@A;>R% ;AP% EIG?GQN% =A% =<H@?E;AE% ?GDHGLED%;A%G<Q@P=GPR%MAPG?DE;AP=AJ_% T=?DE% @\% ;>>R% EIG% MAPG?DE;AP=AJ% EI;E% >@CGR% ;<@AJ% EIG%@EIG?% G<@E=@ADR% L@ADE=EMEGD% =D% @\EGA% LI;?;LEG?=eGP% QN% ;% LG?E;=A%=APGEG?<=A;LN_% .A% ;EEGAP=AJ% E@% EIG% `;ND% =A% `I=LI% `G% DHG;S% ;Q@ME%G<@E=@AD% ;AP% >@CGR% EIG?G\@?GR% `G% AGGP% E@% H;N% IGGP% E@% EIG% `;ND% =A%`I=LI% EIG?G% ;?G% D@<GE=<GD% P=\\G?GALGD% =A% I@`% `G% E;SG% =A% @?% ;?G%GAJ;JGP% =A% EIG% `@?>P_% TM?EIG?<@?GR% .% I;CG% P=DLMDDGP% EIG% P=\\G?GAE%`;ND%=A%`I=LI%DH@AE;AG=EN%L;A%QG%DGGA%;D%;%LGAE?;>%;DHGLE%@\% >@CG%;D%`G>>%;D%@\%EIG%@EIG?%G<@E=@AD_%.%I;CG%E;SGA%EI=D%DH@AE;AG@MD%\G;EM?G%E@%?G<=AP% MD% @\% a7b% EIG% MA?G\>GLEGPR% G<Q@P=GPR% LI;?;LEG?% @\% A@E% @A>N%<;AN%@\%@M?%G<@E=@A;>%?G;LE=@AD%QME%@\%MAPG?DE;AP=AJ%;D%;%`I@>GR%EIG%DGADG%=A%`I=LI%`G%=<<GP=;EG>N%?GDH@AP%E@%EIG%D=EM;E=@A%;D%QG=AJ%=A%;%LG?E;=A% `;NR% ;D% `G>>% ;DR% a6b% EIG% ?@>G% DH@AE;AG=EN% <;N% I;CG% \@?%BMGDE=@AD% ;Q@ME% EIG% D=ALG?=EN% @\% @M?%`@?PD% ;AP%;LE=@AD_%"G?G% .% I;CG%\@MAP%=E%H;?E=LM>;?>N%=>>M<=A;E=AJ%E@%L@AD=PG?%I@`%`G%;?G%?GDH@AD=Q>G%

& 2# % + # $ !

!

; B D !

\@?% @EIG?% G<@E=@AD% E@% DGG% I@`%BMGDE=@AD% @\% ?GDH@AD=Q=>=EN% ;>D@% GAEG?%=AE@%>@CG_%

,GCG?EIG>GDDR% EIG?G% ;?G% D=EM;E=@AD% =A% `I=LI% ;% P=DLMDD=@A% @\%G<@E=@AD%;HHG;?D% E@@%A;??@`%\@?%MAPG?DE;AP=AJ%>@CG_%$I=D%<;N%>G;P%MD% E@% ;DD=JA% E@% >@CG% ;% <MLI% <@?G% \MAP;<GAE;>% ?@>G% =A% @M?%?G>;E=@ADI=HD% `=EI% G;LI% @EIG?% EI;A% ;AN% @\% EIG% @EIG?% G<@E=@AD_1c% #%L@AD=PG?;E=@A%@\%EIG%`;ND%E;>S%;Q@ME%>@CG%E=GD%=A%`=EI%E;>S%;Q@ME%@EIG?%G<@E=@AD% <;N% IG>H% MD% J;=A% ;% PGGHG?% MAPG?DE;AP=AJ% @\% >@CGR% QN%?G<=AP=AJ%MD%@\%EIG%`;ND%=A%`I=LI%>@CG%=D%?G>;EGP%E@%@M?%QG=AJ%DGAE=GAE%;AP% G<Q@P=GP% QG=AJD% `I@% ?GDH@AP% E@% G;LI% @EIG?% ;AP% EIG% `@?>P%G<@E=@A;>>N_%$IGN%?G<=AP%MD%@\%@M?%>@AJ=AJ%E@%E@MLI%;AP%\GG>%EIG%@AG%`G% >@CG_% "@`GCG?R% \@LMD=AJ% D@>G>N% @A% EIGDG% ;DHGLED% @\% >@CG% <;N%=AL>=AG% @AG% E@% QG>=GCG% EI;E% =E% =D% H@DD=Q>G% E@% H?@C=PG% ;% HDNLI@>@J=L;>%PGDL?=HE=@A%@\%>@CGR%`=EI%`I=LI%.%<G;A%;%PGDL?=HE=@A%`I=LI%E;SGD%EIG%IM<;A% <=AP% @?% =AP=C=PM;>% ;D% L@AD=DE=AJ% =A% ;% DNDEG<% @\% QG>=G\DR%^MPJG<GAEDR%G<@E=@AD%;AP%PGD=?GD_%:@A\=A=AJ%@M?%P=DLMDD=@AD%@\% >@CG%E@%DMLI%;A%MAPG?DE;AP=AJR%.%I;CG%;?JMGPR%=AC@>CGD%;%?GPMLE=@A%A@E%EIG%>G;DE%@\%EIG%<@?;>%LI;?;LEG?%@\%<MLI%@\%@M?%L@ACG?D;E=@AD%;Q@ME%>@CG_%%

T@?%@AG%EI=AJR%EIG%D=JA=\=L;ALG%EI;E%N@M%I;CG%E@%<G%=A%>@CG%L;AA@E%<G;A=AJ\M>>N%QG%?GPMLGP%E@%EIG%\GG>=AJD%N@M%J=CG%?=DG%E@_%"G?G%`G%;>D@%DGG%EIG%=<H@?E;ALG%@\%EIG%L@JA=E=CG%DE?GDD%EI;E%G<@E=@AD%;?G%P=?GLEGP%;E%D@<GEI=AJ%@?%D@<G@AG_%$IGN%;?G%L@ADE=EME=CG%@\%;A%MAPG?DE;AP=AJ%@\%D@<GEI=AJ%@EIG?% EI;A%#0(5&83&5_%!I;E%<;EEG?D% E@%<G% =D%A@E% EIG%`;N% A%\GG>%QME%)#0_%T@?%;A@EIG?%EI=AJR%.%I;CG%E?=GP%E@%DI@`%EIG%`;ND%=A%`I=LI%>@CG% L;A% QG% D;=P% E@% L@ADE=EMEG% ;% <@?;>% PG<;AP_% #J;=ADE% EI=D%Q;LSJ?@MAP%@AG%L@M>P%;>D@%DMJJGDE% EI;E%@M?%G<@E=@AD%?;EIG?%GgH?GDD%P=\\G?GAE%`;ND%@\%?G;LE=AJ%E@%EIG%PG<;APD%@\%>@CG_%#D%.%DI@`GP%=A%<N%P=DLMDD=@A% @\% EIG% <;??=;JG% QGE`GGA% l@D;<@AP% ;AP% 'NPJ;EG% =A% EIG%DGL@AP%LI;HEG?R%EIG=?%P=\\G?GAE%G<@E=@A;>%?G;LE=@AD%E@%G;LI%@EIG?%EG>>%MD%D@<GEI=AJ% ;Q@ME% EIG=?% >@CG% ;AP% EIG=?% \;=>M?GD% E@% >@CG_% KMLI% @\% @M?%MAPG?DE;AP=AJ% @\% EIG% HDNLI@>@J=L;>% ;DHGLED% @\% >@CG% `=>>% EIMD% L@<G%\?@<%MAPG?DE;AP=AJ%EIG<%=A%L@AE?;DE%E@R%;AP%;D%P=DE=ALE=CG%\?@<%EIGDG%?;EIG?%<@?;>%;DHGLED%@\%>@CG_%%

TM?EIG?<@?GR% .%I;CG%`;AEGP%E@%Q?=AJ%@M?%;EEGAE=@A%E@%EIG%\;LE% EI;E%`G% P@% P=\\G?GAE% EI=AJD% `IGA% `G% DHG;S% ;Q@ME% >@CG_% .\% `G% @A>N%;HH?@;LI%EIG%L@ALGHE%@\%>@CG%\?@<%;%HDNLI@>@J=L;>%HG?DHGLE=CG%EIG?G%=D%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%1c% :\_% )?GAE;A@iD% a712cb% DMJJGDE=@A% EI;E% >@CG% ;AP% I;EG% ;?G% EIG% E`@% Q;D=L% G<@E=@AD%`I=LI% EIG% ?GDE%@\% EIG%G<@E=@AD%QM=>P%@A_%/GG%;>D@%";<>NAiD% a713cb%P=DLMDD=@A%@\% EIG%VOIGA@<GA;% @\% '@CG% ;AP% ";EGXR% ;D% `G>>% ;D% T?GMPiD% P=DE=ALE=@A% QGE`GGA% &(#5% ;AP%$,-,$#5%;D%EIG%E`@%>G;P=AJ%P?=CGD%@\%EIG%IM<;A%QG=AJ%aL\_%'G;?%7113b_%

& 9 + 6#37 & 8 ! % . & ! 9 ' :".#6#3: ! ($- !2#*( 6 + % : !# A ! &2#% + #$ !

!

; B < !

;% J?G;E% EG<HE;E=@A% E@% <@PG>% @M?% L@ACG?D;E=@AD% ;Q@ME% >@CG% @A% EIG%?GH@?E=AJ% @\% =D@>;EGP% DE;EGD% @?% H?@LGDDGD%`=EI=A% EIG% =AP=C=PM;>_% $I=D%EG<HE;E=@A%`=>>%QG%EIG%D;<G%GCGA%\@?%EI@DG%`I@%?GJ;?P%G<@E=@AD%;AP%>@CG% ;D% D@L=;>>N% L@ADE?MLEGP% =A% =AEG?;LE=@A% `=EI% @EIG?% HG@H>G_% ,@`R%EIG?G%=D%A@%PGAN=AJ%EI;E%`G%D@<GE=<GD%P@%?GH@?E%@A%@M?%G<@E=@AD%;AP%@M?%>@CG%=A%EI=D%`;N_%"@`GCG?R%`G%DI@M>P%A@E%\@?JGE%EI;E%EI=D%=D%@A>N%@AG%CG?N%DHGL=;>=eGP%\@?<%@\%;%`=PG%C;?=GEN%@\%MDGD%@\%EIGDG%L@ALGHED_%!IGA%`G%DHG;S%@ME%@\%>@CGR%@?%;Q@M?%=ER%`G%;?G%L@A\GDD=AJR%;HHG;>=AJR%Q>;<=AJR%;LLMD=AJR%JMDI=AJR%;AP%D@%@A_%%

l;EIG?%EI;A%\@LMD=AJ%@A%EIG%HIGA@<GA;R%.%I;CGR%EIG?G\@?GR%`;AEGP%E@% Gg;<=AG% @M?% MDGD% @\% EIG% `@?PD_% !I;E% =D% =AC@>CGP% =A% GgH?GDD=AJ%@AGiD%@`A%G<@E=@ADR%@?%LI@@D=AJ%E@%I=PG%EIG<Z%.%I;CG%L@<<GAEGP%@A%EIG%\;LE% EI;E% =A%<;AN%D=EM;E=@AD%EIGDG%GgH?GDD=@AD%;?G%GgH?GDD=CG%@\%;%<@?;>%MAPG?DE;AP=AJ%@\%EIG%D=EM;E=@A_%$IGN%J?@`%@ME%@\%@M?%?G;LE=@AD%E@% `I;E% I;HHGAD% E@% @M?DG>CGD% ;AP% E@% @EIG?% HG@H>G_% $IGN% L@ADE=EMEG%?GDH@ADGD% E@%@EIG?%HG@H>G%;AP% E@%`I;E%@M?% >=\G%`=EI% EIG<%<G;AD% \@?%MD_%%

!

!

!

%

!

!

!!!!!!!!!!

%9(*%!%,#!

(*$)'('+%

!

! !

!!

! !

!

!

9*#6#37&8!+-&$%+%:!

>+$!%.&!$(2&!#A!6#0&?@B!

%*AG%@\%$@CG%W;ADD@AiD%a7115b%DI@?E%DE@?=GD%;Q@ME%EIG%K@@<=A%-;>>GN%=D%;Q@ME% EIG% GAL@MAEG?% QGE`GGA% EIG% HI=>@D@HI=L;>>N% =AL>=AGP% C;J;Q@AP%/AM\S=A%@A%I=D%`;N%Q;LS%E@%EIG%C;>>GN%;\EG?%;%`=AEG?%@\%E?;CG>=AJ%;AP%;%D<;>>%:?GGH_%V$`@%DIN%GNGD%MAPG?%;%<@H%@\%I;=?_%WMDE%EIG%>@@S%HG@H>G%I;CG% `I@% ;?G% AGCG?% A@E=LGPX% aW;ADD@A% 7115R% 2b_% $IG% :?GGH% =D%@CG?`IG><GP% ;E% <GGE=AJ% /AM\S=AR% `I@DG% ?GHME;E=@A% I;D% H?GLGPGP%I=<R% ;AP% SGGA% E@% \=AP% @ME% ;Q@ME% I=D% E?;CG>DR% >=DEGA% E@% I=D% D@AJD% ;AP%H@DD=Q>N%QG%J=CGA%;%A;<G%QN%/AM\S=AR%D=ALG%D@%\;?%IG%I;D%A@AG_%l;EIG?%EI;A% EG>>=AJ% DE@?=GDR% GCGA% Q?;JJ=AJ% ;Q@ME% I=D% ;PCGAEM?GDR% I@`GCG?R%/AM\S=A%=D%?G>MLE;AE%E@%D;N%;ANEI=AJ_%"G%=D%;\?;=P%EI;E%=\%IG%E;>SD%;Q@ME%I=D%`;>SDR%EIG%@A>N%EI=AJ%EI;E%`=>>%QG%>G\E%@\%I=D%GgHG?=GALG%=D%I=D%DE@?N_%"G%;>D@%\GG>D%;AA@NGP%;E%QG=AJ%Q@EIG?GP%=A%I=D%>@AG>=AGDD_%$IG%D@AJ%IG%`;D% ;Q@ME% E@% `?=EG% I;D% P=D;HHG;?GP% ;AP% EIG% ;E<@DHIG?G% IG% `;D%GA^@N=AJ%I;D%J@AG%`=EI%=E_%$IG%:?GGH%\GG>D%I=D%=??=E;E=@AR%;AP%DE;?ED%E@%QG%@A%=ED%`;NR%QME%QG\@?G%=E%J@GDR%/AM\S=A%J=CGD%=E%EIG%A;<G%@\%$GGEN4`@@_%%

#\EG?%$GGEN4`@@%I;D%J@AGR%/AM\S=A%?GJ?GED%I=D%?G;LE=@AD_% .E% =D%@A>N%`IGA%IG% EM?AD%;?@MAP% E@% \=AP%$GGEN4`@@%;AP% E;>S% E@%I=<%;J;=A% EI;E%I=D% D@AJD% ?GEM?A_%!IGA% IG% \=APD% $GGEN4`@@R% I@`GCG?R% EIG% H@D=E=@AD%I;CG%LI;AJGP_%!?;HHGP%MH% =A%QG=AJ%I=D%@`A%HG?D@AR% =A%Gg=DE=AJ% \@?%?G;>% A@`% EI;E% IG% I;D% ;% A;<GR% $GGEN4`@@% =D% E@@% QMDN% E@% DHG;S%`=EI%/AM\S=A_%$IG%DE@?N%GAPD%`=EI%/AM\S=A%QG=AJ%;>@AG%;J;=A%;AP%EI=AS=AJ%;Q@ME%I=D%<G>@PN_%%

$IG% ;DHGLED% @\% EIG% DE@?N% EI;E% .% `;AE% E@% \@LMD% @A% IG?G% =DR% \=?DER%/AM\S=AiD% ?G>MLE;ALG% E@% E;>S% ;Q@ME% I=D% ^@M?AGND% ;APR% DGL@APR% EIG%<G;A=AJ% I;C=AJ% ;% A;<G% ;LBM=?GD% \@?% $GGEN4`@@_% ,@`R% /AM\S=AiD%?G>MLE;ALG% E@% E;>S% ;Q@ME%`I;E%IG%I;D%QGGA% EI?@MJI% DE?=SGD%;% \;<=>=;?%LI@?P_% #E% D@<G% H@=AE% H?@Q;Q>N% GCG?N@AG% I;D% \G>E% EIG% P=\\=LM>EN% @\%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%1m%+6%a713mb_%

+ - & $ % + % : !

! !

; B H !

L@ACGN=AJ%;A%GgHG?=GALGR%@?%I;P%EIG%\GG>=AJ%EI;E%`I;E%@AG%=D%>G\E%`=EI%;\EG?%E;>S=AJ%;Q@ME%D@<GEI=AJ%=D%@A>N%@AGiD%`@?PD_%"G?GR%`G%<;N%\GG>%EI;E%@M?%`@?PD%\;=>%MDR%G=EIG?%=A%EIG%DGADG%EI;E%EIGN%P@%A@E%DMLLGGP%=A%L@ACGN=AJ%`I;E%`G%`;AE% E@% L@ACGN% @?% =A% EIG% DGADG% EI;E% @M?%`@?PD%E;SG% MD% ;`;N% \?@<% EIG% GgHG?=GALG_% $IG% D;<G% S=AP% @\% P=\\=LM>EN%<;N%<;SG% =EDG>\% SA@`A% =A% @M?% ;EEG<HED% E@% PGDL?=QG% ;A@EIG?% HG?D@AR% @?%@M?DG>CGD_%.%<;N%\=AP%=E%=<H@DD=Q>G%E@%L@<<MA=L;EG%E@%@EIG?D%`I@%N@M%;?G%@?%`I;E%N@M%<G;A%E@%<G_%.%<;N%\GG>% EI;E%A@%PGDL?=HE=@A%L;HEM?GD%N@MR%<N%\GG>=AJD%\@?%N@M%;AP%@M?%>=\GR%QME%EI;E%;AN%PGDL?=HE=@A%.%J=CG%QN% AGLGDD=EN% =AC@>CGD% ;% ?GPMLE=@A_% j@MR% ;D% =E% `G?GR% ;?G% ;>`;ND%D@<GEI=AJ%@EIG?%EI;A%<N%PGDL?=HE=@A%@\%N@M_%%

.%`=>>%`;JG?%E@%D;N%EI;E%=E%=D%DMLI%S=APD%@\%GgHG?=GALG%EI;E%I;CG%>GP%D@<G% L@AE=AGAE;>% EI=ASG?D% `=EI% ;% HDNLI@;A;>NE=L% Q;LSJ?@MAP%a(?=DEGC;% 7122R% .?=J;?;N%7135b% E@% DHG;S% @\% >;AJM;JG% ;D% >=<=E=AJ% @?% ;D%DGH;?;E=AJ%MD% \?@<%LG?E;=A%GgHG?=GALGD%@\% >=\G_% .A%P=C=P=AJ%@M?%`@?>P%=AE@%L;EGJ@?=GDR%=A%MA=\N=AJ%P=\\G?GAE%HIGA@<GA;%MAPG?%#-&%`@?PR%EIGN%D;NR%`G%>@DG%D=JIE%@\%;<Q=JM=EN%;AP%P=\\G?GALGD%EI;E%<;N%QG%=<H@?E;AE_%$IG% MAPG?>N=AJ% =PG;% =D% EI;E% =A% >;AJM;JG% `G% J=CG% EIG% H;?E=LM>;?% ;%JGAG?;>%\@?<n%`G%L;DE%;>>%GgHG?=GALGD%=A%EIG%D;<G%<@M>P_%$IG?GQNR%`G%\@LMD% @A>N% @A% `I;E% MA=EGD% P=\\G?GAE% GgHG?=GALGD% ;AP% A@E% @A% `I;E%DGH;?;EGD% EIG<_% .A% @EIG?% `@?PDR% `IGA% `G% DHG;SR% `G% >@DG% EIG%H;?E=LM>;?_%$I=D%@AG%<;N%\G;?R%GAE;=>D%>@D=AJ%EI;E%`I=LI%?G;>>N%<;EEG?D_%a:\_%";ADGA%6FF5R%c83_b%

#% D=<=>;?% EI@MJIE% =D% GgH?GDDGP% =A% EIG% =AD=DEGALG% @\%(=G?SGJ;;?PiD%HDGMP@AN<% W@I;AAGD% PG% /=>GAE=@% =A% N&,(% ,-.% "(&'?84-+! a6FF3b% EI;E%#Q?;I;<R%@A%I=D%`;>S%E@%D;L?=\=LG%I=D%D@AR%L;AA@E%QG%<GP=;EGP_%%

#Q?;I;<% vzw% L;AA@E% E;>S_% /@% D@@A% ;D% .% E;>S% .% GgH?GDD% EIG%MA=CG?D;>R% ;AP% =\% .% P@% A@E% P@% D@R% A@% @AG% L;A% MAPG?DE;AP% <G_%a(=G?SGJ;;?P%%6FF3R%mcb%

T@?%=\%.%`IGA%.%DHG;S%;<%MA;Q>G%E@%<;SG%<NDG>\%=AEG>>=J=Q>G%EIGA%.%;<%A@E%DHG;S=AJpGCGA%EI@MJI%.%`G?G%E@%E;>S%MA=AEG??MHEGP>N%P;N%;AP%A=JIE_%/MLI%=D%EIG%L;DG%`=EI%#Q?;I;<_%vzw%$IG%?G>=G\%@\%DHGGLI% =D% EI;E% =E% E?;AD>;EGD%<G% =AE@% EIG% MA=CG?D;>_% a(=G?SGJ;;?P%6FF3R%3cb_%

.A%@EIG?%`@?PDR%\@?%@M?%`@?PD%E@%QG%`@?PDR%;AP%A@E% ^MDE%Q;QQ>GR%EIGN%AGGP%E@%QG%L@<H?GIGAD=Q>GR%QME%EI;E%<G;AD%EI;E%EIG%=AL@<H?GIGAD=Q>GR%EIG%<NDEG?=@MDR%AGLGDD;?=>N%<MDE%?G<;=A%@MED=PG%EIG%>;AJM;JG%EI;E%`G%DHG;S_%)ME%`I;ER% EIGAR%;?G%`G% E@%<;SG%@\% EIG%D=EM;E=@AD% =A%`I=LI%`G%`;AE%E@%L@ACGN%EI;E%`I=LI%`G%P@%A@E%L@<H?GIGAPZ%

$IGDG%A@E=@AD%@\% >;AJM;JG%;HHG;>% E@%D@<G%@\%@M?%GgHG?=GALGDR%QME%`G%DI@M>P%QG%L;?G\M>%E@%JGE%EI=D%H@=AE%?=JIE_%*EIG?`=DG%`G%<;N%G;D=>N%

9 *# 6#37 & 8 ! > + $ ! % . & ! $ (2 & !# A ! 6 # 0 & ? !

!

; B @ !

GAP%MH%P@=AJ%<GE;HIND=LDR%`I=LI%.%QG>=GCG%=D%EIG%L;DG%`=EI%Q@EI%WM>=;%(?=DEGC;%;AP%'MLG%.?=J;?;N_%$IG=?%H?@Q>G<%DGG<D%E@%QG%EI;E%EIGN%;>>@`%;%C;?=GEN%@\%GgHG?=GALGD%E@%\@?<%;A%G<@E=@A;>%Q;LSJ?@MAP%\@?%;%BM=EG%PMQ=E;Q>G% EIGD=D% ;Q@ME% EIG% A;EM?G% @\% >;AJM;JG_% T@?% (=G?SGJ;;?P% EIG%A@E=@A% EI;E% D@<G% EI=AJD% ;?G% MADHG;S;Q>G% ?;EIG?% I;D% ;% ?G>=J=@MD%Q;LSJ?@MAP_%$@%D>=JIE>N%?G\@?<M>;EG%I=D%H@D=E=@AR%.%EI=AS%=E%=D%?=JIE%E@%D;N% EI;E% (?=DEGC;% ;AP% .?=J;?;N% =A% <;AN% `;ND% P?GDD% MH% ;% <@?;>%H?@Q>G<%=A%GH=DEG<@>@J=L;>%L>@EIGD_%'GE%<G%E?N%E@%L>;?=\N%EI=D%A@E=@A%QN%DI@`=AJ% I@`% .% EI=AS% EIG% DE@?N% @\% $GGEN4`@@% <;N% ?G\>GLE% @A% EIG%\@>>@`=AJ% P=DLMDD=@AD% @\% =PGAE=EN% ;AP% HG?D@AI@@P% =A% EIG% L@AEGgE% @\%>@CG_%%

)@EI% EIG% DE@?N% ;AP% EIG% P@MQED% ;Q@ME% EIG% ;Q=>=EN% @\% >;AJM;JG% E@%L@ACGN%LG?E;=A%GgHG?=GALGD%E;SG%I@>P%@\%EIG%P@MQ>G4GPJGP%LI;?;LEG?%@\%@M?%H?;LE=LGD%@\%J=C=AJ%A;<GD%E@%HG@H>GR%;D%`G>>%;D%E@%EI=AJD%;>EI@MJI%.%`=>>% L@ALGAE?;EG% @A% EIG% \=?DE% IG?G_% .A% \;LER% .% `=>>% ;?JMG% EI;E% <;AN%H?@Q>G<D%;?=DG%\?@<%EIG%EGAPGALN%E@%P?;`%E@@%L>@DG%;A;>@J=GD%QGE`GGA%A;<=AJR% @?% HMEE=AJ%`@?PD% @A% EI=AJDR% ;AP% J=C=AJ% A;<GD% E@% HG@H>Gp;AP%=E%DI@M>P%QG%L>G;?%\?@<%EIG%QGJ=AA=AJ%EI;E%EIG%P=\\G?GALG%QGE`GGA%SA@`=AJ% `I;E% ;% EI=AJ% =D% ;AP% SA@`=AJ% ;% HG?D@A% =D% =<<GADG% aL\_%";<>NA% 713cR% 6754672b_% #A@EIG?% D@M?LG% @\% L@A\MD=@A% =D% EIG% EI@MJIE%EI;E%`@?PD%H?=<;?=>N%\MALE=@A%E@%J=CG%A;<GD%E@%@Q^GLED%;D%`G>>%;D%EIG%QG>=G\%EI;E%;>>%;LED%@\%J=C=AJ%A;<GD%I;CG%EIG%D;<G%\@?<_%%

*A%EIG%@AG%I;APR%EIG%DGADG%@\%J=C=AJ%A;<GD%E@%HG@H>G%=D%L@AAGLEGP%`=EI%EIG%D=JA=\=L;ALG%EIGN%I;CG%\@?%MD_%$IG%\;LE%EI;E%`G%L;>>%HG@H>G%QN%A;<G% ;AP%A@E% QN%AM<QG?D% DI@`D%MD% D@<GEI=AJ% ;Q@ME%`I;E% =E% =D% \@?%D@<G@AG%E@%QG%;A%=AP=C=PM;>R%@?%E@%QG%VD@<G@AGX%=A%EIG%\=?DE%H>;LG_%a:\_%h;=E;%711FR%761n%h;=E;%6FFmR%75mn%Y=;<@AP%7117Qn%:@LSQM?A%7131R%3F_b%}M=EG% L@AE?;?N% E@% EIG% L>;=<% EI;E% A;<=AJ% DG?CGD% E@% L@ALG;>% EIG%H;?E=LM>;?R%J=C=AJ%N@M%;%H?@HG?%A;<G%;AP%L;>>=AJ%N@M%QN%=D%GgH?GDD=CG%@\% EIG% ?GL@JA=E=@A% EI;E% N@M% ;?G% ;% H;?E=LM>;?% =AP=C=PM;>_% $I=ASR% \@?%=ADE;ALGR% @\% EIG%`;ND% =A%`I=LI%`G%<;N% DI@`% >@CG% ;AP% ;\\GLE=@A% QN%H>;N\M>>N%J=C=AJ%G;LI%@EIG?%A=LS4A;<GDR%A;<GD%EI;E%P@%A@E%@\EGA%>G;CG%@M?%HG?D@A;>%L@ACG?D;E=@AD_%%

*A% EIG% @EIG?% I;APR% ;AP% EI=D% =D% EIG% ;DHGLE% EI;E% L@AE=AGAE;>%HI=>@D@HIG?D% <@?G% @\EGA% L;ELI% I@>P% @\R% VL;>>=AJ% HG@H>G% A;<GDX% =D%H?GL=DG>N% ;% `;N% @\% ?GPML=AJ% EIG=?% IM<;A=EN% ;D% `G>>% ;D% EIG=?%=AP=C=PM;>=EN_15%)N%EI=AS=AJ%EI;E%G=EIG?%.R%N@MR%@?%D@<GQ@PN%G>DGR%L;A%QG%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%15%$IGDG%HI=>@D@HIG?D%@\EGA% E?N% E@%DI@`%=A%`I;E%`;ND%A;<=AJ%?G>;EGD% E@%H@`G?R%;AP%L@AE?@>_%.A%SA@`=AJ%N@M?%A;<G%.%I;CG%L@AE?@>%@CG?%N@M_%$I=D%;HHG;?D%E@%QG%@AG%;DHGLE%@\%EIG%H?@\MAP=EN%!=EEJGADEG=A%EI@MJIE%`;D%GgH?GDDGP%=A%EIG%h?=<<%\;=?N4E;>G%;Q@ME%%

%

+ - & $ % + % : !

! !

; I G !

L;HEM?GP% =A% ;% A;<G% a@?% QGEEG?% ;% PGDL?=HE=@AbR% EIGN% ;?JMGR% EI;E% .% EM?A%<NDG>\R% N@MR% I=<% @?% IG?% =AE@% ;% EI=AJ_% a:\_% /;?E?GiD% P=DLMDD=@A% @\% Q;P%\;=EIR%/;?E?G%6FFcR%;AP%LI;HEG?%5%QG>@`_b%.A%EIG%\@>>@`=AJ%P=DLMDD=@ADR%.%`=>>% ?GEM?A% E@% EIG% P=\\G?GAE% `;ND% =A% `I=LI% `G% <;N% ?GPMLG% IM<;A%QG=AJD% E@% D@<G% MALI;AJG;Q>G% \;LED% @?% DEG?G@ENHGD% ;AP% EIG% P=\\G?GAE%?@>GD%=E%<;N%I;CG%=A%@M?%L@ACG?D;E=@AD%`=EI%G;LI%@EIG?_18%%

,@`R%Q@EI%EIGDG%;DHGLED%@\%J=C=AJ%A;<GD%E@%D@<G@AG%;?G%;HH;?GAE%=A% EIG% L;DG% @\% /AM\S=A% ;AP% $GGEN4`@@_% )G\@?G% /AM\S=A% A@% @AG% I;P%;DSGP% \@?% EIG% D<;>>% L?G;EM?GiD% A;<GR% ;AP% QN% ;DS=AJ% \@?% =ED% A;<G%/AM\S=A%`;D% EIG% \=?DE% E@% DI@`% ;A% =AEG?GDE% =A% %4'_% #\EG?% $GGEN4`@@iD%VQ;HE=D<X%I=D%>=\G%=D%DMPPGA>N%\@?%?G;>_%%

j@M% DGGR% QG\@?G% .% I;P% ;% A;<G% .% ^MDE% MDGP% E@% I@H% ;?@MAPR% ;AP%HG?I;HD%\GG>% EI=D%@?% EI;E%;Q@ME%EI=D%@?% EI;ER%;AP%GCG?NEI=AJ%`;D%D=<H>N% I;HHGA=AJ% ;?@MAP% <GR% D@<GE=<GD% A=LG% EI=AJD% ;AP%D@<GE=<GD%A@E%A=LGR%QME%A@EI=AJ%`;D%?G;>%v___w%,@`%.i<%;%HG?D@A%;AP% GCG?NEI=AJ% EI;E% I;HHGAD% <G;AD% D@<GEI=AJ_% )GL;MDG% =E%P@GDAiE%@A>N%I;HHGAR%=E%I;HHGAD%E@%'&%aW;ADD@A%7115R%75b_%

)MER% GCGA% EI@MJI%$GGEN4`@@% L@<GD% E@% QG% D@<G@AG% =A% ;%`;N%IG%`;D%A@E%QG\@?GR%EI=D%L@<=AJ%=AE@%QG=AJ%;>D@%I;D%<@?G%H?@Q>G<;E=L%\G;EM?GD_%"=D% DGL@AP% <GGE=AJ% `=EI% /AM\S=A% =D% \?GG% @\% EIG% ;P<=?;E=@A% EI;E%LI;?;LEG?=eGP% I=D% \=?DEpE@% BM@EG% /AM\S=AR% Vj@M% L;AiE% GCG?% QG% \?GG% =\%N@M%;P<=?G%D@<GQ@PN%E@@%<MLIX%aW;ADD@A%7115R%1bpQME%;>EI@MJI%IG%I;D%\?GGP%I=<DG>\%\?@<%EI;ER%IG%=D%A@`%L;MJIE%MH%=A%I=<DG>\_%"G%=D%E@@%QMDN%QG=AJ%D@<G@AG%E@%I;CG%E=<G%E@%QG%aD@<G@AGb%`=EI%/AM\S=A_%%

"GALGR% ?;EIG?% EI;A% ;DD=JA=AJ% E@% VA;<=AJX% EIG% D=AJ>G% \MALE=@A% @\%JGAG?;>=e=AJ% EIG% H;?E=LM>;?R% `G% DI@M>P% DE;N% ;`;?G% @\% EIG% BM=EG%P=\\G?GAE% EI=AJD%`G%P@%`IGA%`G%J=CG%HG@H>G% \=?DE%A;<GDR%A=LSA;<GDR%A;<G% @Q^GLEDR% DM>>GA% D@<G@AGiD% A;<GR% ;AP% D@% @A_% O;?E% @\% EIG%<GE;HIND=L;>%<@CG% =A%H@?E?;N=AJ% >;AJM;JGR%20,% >;AJM;JG%;AP%A@E%;D%H;?E=LM>;?%`@?PD% MDGP% =A% H;?E=LM>;?% L@AEGgEDR% ;D% >=<=E=AJ% =D% ;>D@% EI;E%@AG%P@GD%A@E%H;N%GA@MJI%;EEGAE=@A%E@%EIG%P=\\G?GAE%`;ND%=A%`I=LI%`G%J=CG% HG@H>G% A;<GD% @?% @\\G?% PGDL?=HE=@AD_% $I=DR% E@JGEIG?% `=EI% EIG%DMJJGDE=@A% EI;E% EI=D% \G;EM?G% =D% ;A% =AGDL;H;Q>G% H?@HG?EN% @\% >;AJM;JGR%L@ALG;>D% EIG% \;LE% EI;E% EIG% H?@Q>G<D% `G% ;?G% \;L=AJ% IG?G% ;?G% A@E%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%lM<HG>DE=>EDS=A_% .A% EIG% \;=?N4E;>GR% EIG%P`;?\iD%H@`G?% ?GD=PGP% =A%A@%@AG%SA@`=AJ%I=D%A;<G%aO;DL;>%7121R%cF4c7b_%%18%$I=AS%G_J_%@\%`I;E%=E%<;N%<G;A%E@%D;NR%Xj@M%SA@`%.%;<%\@?JGE\M>_X%$I;E%=DR%VY@%A@E%Q>;<G%<G%\@?%A@E%?G<G<QG?=AJ_X%*?R%VY@%N@M%;>`;ND%I;CG%E@%QG%D@%=??=E;Q>GXR%Vj@M%AGCG?%LI;AJGXR%V)>;LS%HG@H>G%;?G%<@?G%<MD=L;>%EI;A%@EIG?D_X%

9 *# 6#37 & 8 ! > + $ ! % . & ! $ (2 & !# A ! 6 # 0 & ? !

!

; I ; !

H?@Q>G<D%EI;E%;?G%=AIG?GAE%E@%VA;<=AJX%@?%E@%>;AJM;JGR%QME%H?@Q>G<D%EI;E%L@ALG?A%@M?%<@?;>%>=\G%`=EI%G;LI%@EIG?_%%

.E% =D% A@E% >;AJM;JGR% ;D% ;% >=AJM=DE=L% DNDEG<R% `I=LI% <;SGD% MD% L;>>%HG@H>G% A;<GDR% J=CG% EIG<% >;QG>D% @?% HME% EIG<% =AE@% L;EGJ@?=GD_% $I=D% =D%D@<GEI=AJ%EI;E!7&%P@_%';AJM;JGR%=A%EIG%\=?DE%H>;LGR%P@GD%A@E%P@%EI=AJD0%`G%P@%EI=AJD%=A%>;AJM;JG_%,G=EIG?%`@M>P%EIG?G%QG%D@<GEI=AJ%DMLI%;D%V>;AJM;JGX% =\% =E%`G?G%A@E% \@?% =ED%DHG;SG?D_%$I=D% =D%A@E% E@%D;N% EI;E%@M?%>=\G% `=EI% >;AJM;JG%<;N% A@E% EG<HE% MD% E@% H@?E?;N% @M?% H?@Q>G<D%`=EI%G;LI% @EIG?% ;D% =\% EIGN%`G?G% >=AJM=DE=L% H?@Q>G<D% @?% GCGA% =<;J=AG% EI;E%EIGN%;?G%D@_%,GCG?EIG>GDDR%;?JM=AJ%\@?%DMLI%;%H@D=E=@A%=D%@A>N%;%`;N%@\%L@CG?=AJ%MH%H?@Q>G<D%EI;E%>=G%D@<G`IG?G%G>DG_%%

}M=EG%;%?GLM??=AJ%EI@MJIER%`IGA%E;>S=AJ%`=EI%HG@H>G%;Q@ME%>@CGR%=D%EIG%=PG;%EI;E%E;>S=AJ%E@@%<MLI%;Q@ME%>@CG%<;N%=A%D@<G%`;ND%PGDE?@N%=E_% *AG% DI@M>P% A@E% D;N% V.% >@CG% N@MX% E@@% @\EGAR% \@?% EIGA% =E% >@DGD% =ED%<G;A=AJ_%*?R%@AG%DI@M>P%A@E%GAEG?%LG?E;=A%P=DLMDD=@AD%E@@%PGGH>NR%@?%@A% EIG% `I@>GR% \@?% EIGA% EIG% <;J=L% =D% >@DE_% $I=D% E=GD% =A% `=EI% EIG%D@<GE=<GD% @\\G?GP% DMJJGDE=@A% EI;E% EIG?G% =D% ;% P;AJG?% =AC@>CGP% =A%SA@`=AJ% G;LI% @EIG?% E@@% `G>>% =A% >@CG_% /MLI% A@E=@AD% ;PP% ;A@EIG?%P=<GAD=@A% E@% EIG% =PG;% EI;E% @M?% `@?PD% D@<GE=<GD% \;=>% MDR% ;>EI@MJI%EIG?G% =D% D@<GEI=AJ% H;?;P@g=L;>% =A% EI=AS=AJ% Q@EI% EI;E% @M?% `@?PD%AGLGDD;?=>N% \;=>% E@% L@<H>GEG>N% L@ACGN% ;A% GgHG?=GALGR% ;AP% EI;E% @M?%;LEM;>>N%GgH?GDD=AJ%EIG%GgHG?=GALG%=A%>;AJM;JG%DG?CGD%E@%?GPMLG%=E_%%

.%P@%A@E%`;AE%E@%L>;=<%EI;E%EIG?G%;?G%A@%EI=AJD%`G%<;N%D;N%EI;E%<;N%^G@H;?P=eG% ;% ?G>;E=@ADI=H_% ,GCG?EIG>GDDR% EIG% DMJJGDE=@A% EI;E% =E% =D% EIG%E;>S=AJ%;D%DMLI%EI;E%=D%P;AJG?@MDR%;AP%A@E%7%,$%`G%D;N%@?%%#7%`G%D;N%=ER% ?GCG;>D% DGCG?;>% L@A\MD=@AD_%!@?PD%L;A%LG?E;=A>N% >@DG%<G;A=AJR%QME%EI=D% =D% QGL;MDG%7&% \;=>% E@% J=CG% EIG<% <G;A=AJ_% !G% \;=>% E@% QG% =A% @M?%`@?PDR%E@%QG%D=ALG?G_%.%D;NR%V.%>@CG%N@MXR%@ME%@\%?@ME=AG_%j@M%L;?G>GDD>N%EG>>%<G%V`I;E%N@M% EI=ASXR%`=EI@ME%L@AD=PG?=AJ%`IGEIG?% EI=D% =D% ?G;>>N%;ANEI=AJ% N@M%`;AE% E@% DE;AP% QGI=AP_%!=EI% EIG% ?=DS% @\% D@MAP=AJ% E@@%P?;<;E=LR% .% `@M>P% D;N% EI;E% EIG% @A>N% `;N% =A% `I=LI% `G% <;N% D;N%D@<GEI=AJR%=A%EIG%PGGHGDE%DGADG%@\%EIG%`@?PR%=D%QN%<G;A=AJ%`I;E%`G%D;N_12%

#% D=<=>;?% \;=>M?G% E@% ;HH?GL=;EG% EIG% P=\\G?GAE% ?@>GD% @\% >;AJM;JG% =D%?GCG;>GP%=A%.?=J;?;N%a6FFmb%`?=E=AJR%V:G?E;=A>NR%.%`=>>%AGCG?%MAPG?DE;AP%N@MR%.%`=>>%AGCG?%J?;DH%`I@%N@M%;?G0%N@M%`=>>%;>`;ND%?G<;=A%@MED=PG%@\% <G_% )ME% EI=D% A@E% QG=AJ% AR% A@E% QG=AJ% '&R% @?% '4-&R% <;SGD% DHGGLI%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%12%K;AN%HI=>@D@HI=L;>%H?@Q>G<DR%I@`GCG?R%DE;?E%@\\%=A%EI;E%EI;E%;D%>=AJM=DE=L%L?G;EM?GD%`G%;?G%D@<GE=<GD%EG<HEGP%E@%QG>=GCG%EI;E%`G%;?G%D;N=AJ%D@<GEI=AJ%`IGA%`G%;?G%A@E_%

+ - & $ % + % : !

! !

; I D !

H@DD=Q>G%QGE`GGA%MDX%a75b_%,@`R%;D%.%`=>>%E?N%E@%DI@`R%EIG?G%=D%;%DGADG%=A%`I=LI%.%L;A%AGCG?%L@<H>GEG>N%;AP%\=A;>>N%MAPG?DE;AP%`I@%N@M%;?GR%@?%?;EIG?%7%,$%N@M%;?GR%E@%Q?=AJ%@ME%;%P=DE=ALE=@A%EI;E%`=>>%QG%L?ML=;>%\@?%EIG% \@>>@`=AJ% P=DLMDD=@A_% #% PGDL?=HE=@A% @\% `I;E% N@M% ;?G% L;A% AGCG?%DMLLGGP% =A% Q?=AJ=AJ% @ME% N@M?% =AP=C=PM;>=EN_% *?R% ;D% ";AA;I% #?GAPE%`?=EGDR%

$IG% <@<GAE% `G% `;AE% E@% D;N% 7%#% D@<GQ@PN% =DR% @M?% CG?N%C@L;QM>;?N% >G;PD% MD% ;DE?;N% =AE@% D;N=AJ% 7%,$% IG% =Dn% `G% JGE%GAE;AJ>GP%=A%;%PGDL?=HE=@A%@\%BM;>=E=GD%IG%AGLGDD;?=>N%DI;?GD%`=EI%@EIG?D%>=SG%I=<n%`G%QGJ=A%E@%PGDL?=QG%;%ENHG%@?%;%VLI;?;LEG?X%=A%EIG% @>P%<G;A=AJ% @\% EIG% `@?PR% `=EI% EIG% ?GDM>E% EI;E% I=D% DHGL=\=L%MA=BMGAGDD%GDL;HGD%MD_%a#?GAPE%7151R%787b%%

,GCG?EIG>GDDR%EI=D%P@GD%A@E%<G;A%EI;E%=E%AGCG?%<;SGD%DGADG%E@%D;NR%V.%MAPG?DE;AP% N@MX_% *A% EIG% L@AE?;?NR% EI=D% <;N% QG% ;% CG?N% <G;A=AJ\M>%EI=AJ% E@% D;N_% $IG% L?ML=;>% H@=AER% I@`GCG?R% =D% ?GL@JA=e=AJ% EI;E% EI=D%MEEG?;ALG% P@GD% A@E% AGGP% E@% QG% MAPG?DE@@P% =A% EIG% DGADG% EI;E% EIG?G% =D%D@<GEI=AJ% 5H&@4*4@% EI;E% .% MAPG?DE;AP% ;AP% EI;E% .% H=LS% @ME% =A% E;>S=AJ%;Q@ME% VN@MX_%,G=EIG?%P@%`G%I;CG% E@% EI=AS% @\% =E% ;D% D@<GEI=AJ% .%<;N%J;=A%GgI;MDE=CG%SA@`>GPJG%@\_%l;EIG?%=E%=D%I@>P=AJ%@A%E@%EIG%=PG;%EI;E%EI=D%=D%;>`;ND%`I;E%VMAPG?DE;AP=AJX%<G;AD%EI;E%>G;PD%.?=J;?;N%E@%EIG%H?@Q>G<;E=L% DMJJGDE=@A% EI;E% V.% L;A% AGCG?% MAPG?DE;AP% N@MX_% .A% EI;E%?GDHGLER%DIG%;>D@%GAPD%MH%`=EI%;%<GE;HIND=L;>%A@E=@A%@\%MAPG?DE;AP=AJ%;D%@A>N%L@AD=DE=AJ%=A%I;C=AJ%SA@`>GPJG%;Q@ME%D@<G@AG%@?%D@<GEI=AJ_%$I=D% P@GD% A@E% H;N% ;EEGAE=@A% E@% EIG% P=DE=ALE=@AD% EI;E% L;A% QG% <;PG%QGE`GGA%DHG;S=AJ%;Q@ME%VMAPG?DE;AP=AJX%=A%P=\\G?GAE%L;DGD_13%

#D%;%L@AE?;DE%E@%EI=D%`;N%@\%L@ALG=C=AJ%MAPG?DE;AP=AJR%.%`=>>%E?N%E@%DI@`%EIG%DGADG%=A%`I=LI%D;N=AJR%V.%MAPG?DE;AP%N@MX%L;A%QG%;%`;N%@\%;EEGAP=AJ%E@R%@?%QG=AJ%EIG?G%\@?%N@MR%`I=LI%L;AA@E%QG%?GPMLGP%E@%QG=AJ%L@ALG?AGP% `=EI% @A>N% N@M?% HDNLI@>@J=L;>% LI;?;LEG?=DE=LD_11%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%13%:@<H;?G%";<>NAiD% a713cb%L?=E=L=D<%@\%/;?E?G% \@?%G<H>@N=AJ%;%:;?EGD=;A%H=LEM?G%@\%`I;E%=E%=D%E@%SA@`%@EIG?%<=APD_%$I=D%H=LEM?G%H?GDMHH@DGD%;%V?;P=L;>%P=C=D=@A%QGE`GGA%L@ADL=@MDAGDD% ;AP% `I;E% =D% Q@P=>NX% `I=LI% <;SGD% =E% =<H@DD=Q>G% E@% JGE% E@% V;A@EIG?iD%L@ADL=@MDAGDD%EI@MJI%I=D%Q@PNX%a";<>NA%713cR%677b_%V:G?E;=A>N%/;?E?G%DGG<D%E@%;P@HE%;A%@CG?=AEG>>GLEM;>%;AP%?GDE?=LEGP%L@ALGHE%@\%SA@`>GPJGn%.%P@%A@E%<NDG>\%DGG%`IN%;A%G<@E=@A;>% ;`;?GAGDD% DI@M>P% A@E% QG% DH@SGA% @\% ;D% SA@`>GPJGX% a";<>NA% 713cR% 6Fcb_%#AP% \M?EIG?R% V!I;EGCG?% EIG% <GE;HIND=L;>% Q;D=D% @\% /;?E?GiD% C=G`R% EIG% H=LEM?G% EI;E%?GDM>ED%DM?G>N%\;=>D%E@%\=E%EIG%\;LED_%.\%`G%\;=>%E@%MAPG?DE;AP%;A@EIG?%HG?D@A%=E%=D%QGL;MDG%EIG% E;DS% =D% ^MDE% E@@% P=\\=LM>ER% A@E% QGL;MDG% =E% `;D% P@@<GP% E@% \;=>M?G% \?@<% EIG% DE;?E%EI?@MJI%D@<G%S=AP%@\%<GE;HIND=L;>%AGLGDD=ENX%a";<>NA%713cR%677b_%11%$I=D%=D%AG=EIG?%E@%QG%GBM;EGP%`=EI%QG=AJ%=PGAE=L;>%`=EI%N@MR%;D%.?=J;?;N%;>D@%H@=AED%@ME_%

9 *# 6#37 & 8 ! > + $ ! % . & ! $ (2 & !# A ! 6 # 0 & ? !

!

; I < !

TM?EIG?<@?GR% .% `=>>% P=DLMDD% =A% `I;E% `;ND% XMAPG?DE;AP=AJX% @?%XSA@`=AJX% N@M% =A% EI=D% DGADG% =D% ?G>;EGP% E@% I;C=AJ% ;% HG?D@A;>%?G>;E=@ADI=H%`=EI%N@M%;APR%EIG?G\@?GR%I;D%;%<@?;>%LI;?;LEG?_%&CGA%=\%=E%=D%=>>MD@?N%E@%EI=AS%EI;E%`G%L@M>P%J=CG%;A%GH=DEG<@>@J=L;>%PGDL?=HE=@A%@\%7%,$% .R% N@M% @?%`G% ;?GR% .%`=>>% DMJJGDE% EI;E% =E% =D% DE=>>% ;%`@?EI`I=>G%GAPG;C@M?% E@% ?G\>GLE% MH@A% EIG% S=AP% @\% <@?;>% BMGDE=@A% =E% =D% E@% ;DS%@M?DG>CGD%;AP%@EIG?D%`I@%`G%;?G_%%

! !

!

!

B!

>:#7!(*&!%.&!*&('#$?;GG!

!"%&!$%4-+5!7&!7#-W$!.#!*#(!8#3&!AW.!@84'?!,!'#0-$,4-!4*!A!%,.!$#!

U-.!(45C!')!84*&!5#!A!@#08.!%,3&!)#0!^#06!)#06!)#0<<<!

"(,@)!G%,H',-!_`aFFb!!

A-*,$0,$4#-!45!,!5$,$&!$%,$!H(&@&.&5!4.&-$4$)<!B05$!,5!,!H&(5#-!%,5!-#!!-&&.!#*!,!-,'&!*#(!%45!#7-!5,C&!_#-&!c!C-#75W!7%#!#-&!45b6!5#!$##!!

$%&!?&8#3&.!-&&.5!-#!-,'&<!!U!-,'&!7#08.!84'4$!%&(!74$%#0$!(&,5#-6!!?&@,05&!5%&W5!54'H8)!$##!0@%!*#(!,!54-+8&!-,'&<!

V<!N<!"%#'Z5&!_DEEd6!Fb!!

%#DSGP%E@%GgH>;=A%`IN%IG%QGL;<G%\?=GAPD%`=EI%I=D% \?=GAPR%ÄE=GAAG%PG%';% )@dE=GR%K@AE;=JAG% a731mb% ?GH>=GPR% V)GL;MDG% =E% `;D% IGR% QGL;MDG% =E%`;D% <N% DG>\GX% a35b_% $I=D% =D% @AG% @\% EIG% QGEEG?% ?GH>=GD% E@% ;A% MEEG?>N%G>MD=CG% BMGDE=@A0% V!IN% P@GD% L% >@CG% )ZX% $@% <;AN% HI=>@D@HIG?DR%I@`GCG?R% EI=D% BMG?N% DGG<D% E@%<;SG% HG?\GLE% DGADG_% #E% >G;DE% EIGN% ;?G%`=>>=AJ% E@% G>;Q@?;EG% @A% +&-&(,8! BMGDE=@AD% @\% EI=D% S=AP% ;AP% E@% E?N% E@%\@?<M>;EG% JGAG?;>% ;AD`G?D% E@% EIG<_7F7% $IG% ;DDM<HE=@A% DGG<D% E@% QG%EI;E%GCG?N%E?MG%;DDG?E=@A%QGJ=AA=AJ%`=EI%EIG%`@?P%V`INX%=D%=APGGP%;%BMGDE=@A%EI;E%<;N%QG%;DSGP%;AP%;>D@%;AD`G?GP_%.\%@AG%E;SGD%EIG=?%BMGDE%DG?=@MD>NR% =E% <MDER% ;D% =E% `G?GR% ;>`;ND% QG% H@DD=Q>G% E@% H?@C=PG% ;A%GgH>;A;E=@A%@\%`IN%`G%P@%EIG%EI=AJD%`G%P@_%%

K@DE%HI=>@D@HIG?D%PG;>=AJ%`=EI%JGAG?;>%BMGDE=@AD%;AP%;AD`G?D%@\%EI=D% S=AP% ;HHG;?% BM=EG% @Q>=C=@MD% @\% EIG% D=EM;E=@AD% =A% `I=LI% DMLI%BMGDE=@AD%P@%;?=DG%;AP%H>;N%;%H;?E%=A%@M?%>=\G_%$IGN%P@%-#$%P=DLMDD%EIG%P=DP;=A% =A% D;N=AJ% V!IN% P@% N@M% >@CG% I=<ZX% a=_G_% DMLI% ;% MDG>GDD%L?G;EM?Gb%@?%V.%L;AiE%DGG%I@`%;AN@AG%L@M>P%\;>>%=A%>@CG%`=EI%IG?_X%$IGN%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%7FF%Y=@A%a7112b_%7F7%/GG%$;N>@?%a7121b%\@?%@AG%BM=EG%L@<<@A%DE?;AP%@\%EI@MJIE%=A%;A;>NE=L%HI=>@D@HINR%GDHGL=;>>N%=A%EIG%P=DLMDD=@A%@\%EIG%G<@E=@AD_%%

> :#7 ! ( * & ! % . & ! * & ( '#$ ? !

!

; I I !

=JA@?G% EIG% PGDH;=?% @\% V!IN% L;AiE% .% DE@H% >@C=AJ% N@MX% aGDHGL=;>>N%L@AD=PG?=AJ% EI;E% .% DGG<% E@% I;CG% A@% ?G;D@A% E@b_% $IGN% AGJ>GLE% EIG%LM?=@D=ENR% EIG% C;A=EN% @?% DG>\4L@AEG<HE% =A% `I=LI% .% <;N% M?JG% N@M% E@%?GDH@APR%V$G>>%<GR%`IN%P@%N@M%>@CG%'&ZX%OG?I;HD%=E%=D%EIG%VL?;C=AJ%\@?%JGAG?;>=ENX%@\%`I=LI%!=EEJGADEG=A%a7185;R%72473b%;LLMDGP%HI=>@D@HIG?D%`I=LI% >G;PD% EIG<% E@% ;DDM<G% EI;E% EIG% H;?E=LM>;?% L;DG% =A%`I=LI% EIGDG%DGAEGALGD%;?G%MEEG?GP%P@GD%A@E%<;EEG?% \@?% EIG%DGADG%`G%<;N%<;SG%@\%EIG<_% *?R% HG?I;HD% =E% =D% ;A% =PG;% EI;E% EIG% D=EM;E=@AD% =A% `I=LI% EIGDG%BMGDE=@AD%;?G%;DSGP%;AP%EIG%G<@E=@AD%EIGN%;?G%GgH?GDD=CG%@\R%@A>N%;PP%;%LG?E;=A%L@>@M?%@?%\>;C@M?%E@%;%BMGDE=@A%`I=LI%=A%H?=AL=H>G%=D%EIG%D;<G_%%

"@`GCG?R%.%`;AE%E@%;?JMG%EI;E%H;N=AJ%;EEGAE=@A%E@%EIG%D=EM;E=@AD%=A%`I=LI% .%@?%N@M%<;N%;DS%`IN%`G%@?%D@<GQ@PN%G>DG% >@CGD% =D%GDDGAE=;>%\@?%MAPG?DE;AP=AJ% EIG%P=\\G?GAE%S=APD%@\%BMGDE=@AD% EI=D%<;N%QG_% .% D;N%EI=D%GDHGL=;>>N%D=ALG%=E%=D%\;?%\?@<%L>G;?%EI;E%E;>S=AJ%;Q@ME%>@CG%=A%EIGDG%`;ND%=D%;>`;ND%QGDE%PGDL?=QGP%;D%H@D=AJ%;%BMGDE=@A_%/;N=AJ%V!IN%P@%zXR%<;NR%;D%.%<GAE=@AGPR%QG%P@AG%@ME%@\%P=DP;=AR%PGDH;=?R%LM?=@D=EN%@?%L@AEG<HE_% $I=D% DI@M>P% ;>G?E% MD% E@% EIG% \;LE% EI;E%`I;E% L@ALG?AD%<G%@?%N@M% =A% D;N=AJ% DMLI% EI=AJD% <;N% A@E% H?=<;?=>N% QG% \=AP=AJ% ;A%GgH>;A;E=@A%@\%D@<G@AGiD%>@CGR%QME%C@=L=AJ%@M?%@`A%;EE=EMPG%E@`;?PD%=E_%$I=D%=D%;E%=ED%<@DE%@QC=@MD%=A%D=EM;E=@AD%=A%`I=LIR%V!IN%P@%N@M%>@CG%I=<ZXR%=D%;%`;N%@\%L;>>=AJ%D@<G@AGiD%>@CG%=AE@%BMGDE=@A_%%

!IGA%;DDGDD=AJ% EIG%P=\\G?GAE%S=APD%@\% ;AD`G?D%HI=>@D@HIG?D%I;CG%J=CGA%E@%EIG=?%JGAG?;>%BMGDE=@AR%`G%DI@M>P%EIG?G\@?G%A@E% >@DG%D=JIE%@\%EIG% P=\\G?GAE% D=EM;E=@AD% =A% `I=LI% DMLI% BMGDE=@AD%<;N% ;LEM;>>N% ;?=DG_%!I@% =D% H@D=AJ% EIG<% ;AP% E@%`I@<Z%#?G% EIGN% GgH?GDD=CG% @\% =AEG?GDER%L@ALG?AR%@?%P=D>=SGZ%!I;E%<;N%L@MAE%;D%;A%;AD`G?R%@?%;%J@@P%;AD`G?R%E@%EIGDG%BMGDE=@ADR% =\%`G%;?G% >@@S=AJ%\@?%;AD`G?D% =A%EIG%\=?DE%H>;LGZ%.\%`G% >G;CG% @ME% EIG% L@AL?GEG% L@AEGgED% =A% `I=LI% EIG% `@?PD% V`INX% ;AP%V>@CGX% ;?G% MDGPR%`G% ?MA% EIG% ?=DS% @\%<G?G>N% ;DDM<=AJ% EI;E%`G% SA@`%`I;E% EIG% BMGDE=@A% =D% ;Q@ME_% $I=D% `=>>R% @\% L@M?DGR% QN% AGLGDD=EN% QG%?G\>GLEGP%=A%EIG%;AD`G?D%EI;E%`G%J=CG_%%

$IG% \@>>@`=AJ%P=DLMDD=@A% LGAEG?D% ;?@MAP% E`@% DGED% @\% =DDMGD_%#\EG?%D@<G%JGAG?;>% L@<<GAED% ;Q@ME% EIG%H>;LG% ?G;D@AD%I;CG%QGGA%J=CGA% =A%P=DLMDD=@AD% @\% >@CG% ;AP% =A% HI=>@D@HIN% =A% JGAG?;>R% .% P=DLMDD% EIG%H?@Q>G<D% =AC@>CGP% =A% EI=AS=AJ% @\% >@CG% ;D% P=?GLEGP% ;E% D@<GEI=AJ%DHGL=\=L_% .%<;SG%;%P=DE=ALE=@A%QGE`GGA%>=S=AJ%;AP%>@C=AJ%E@%DI@`%EI;E%>@CG%=D%QGEEG?%MAPG?DE@@P%;D%;%Q@AP%QGE`GGA%IM<;A%QG=AJDR%EI;A%;D%;%?G;LE=@A% E@R% @?% H?G\G?GALG% \@?R% LG?E;=A% \G;EM?GD% @\% ;A@EIG?% HG?D@A_% .R%EIGAR%H@=AE%@ME%EI;E%MAPG?DE;AP=AJ%>@CG%;D%I;C=AJ%?G;D@AD%<;SGD%>@CG%L@AP=E=@A;>R% ;AP% BMGDE=@A% EIG% ;HEAGDD% @\% DMLI% ;A% MAPG?DE;AP=AJ% @\%>@CG_%%

+ - & $ % + % : !

! !

; I C !

+!!2(-$&''!,+%.+$!*&('#$!

#D% `G% D;`% =A% EIG% H?GC=@MD% P=DLMDD=@A% @\% EIG% ?@>G% @\% EI@MJIED% ;AP%QG>=G\D%=A%>@CG%;AP%EIG%@EIG?%G<@E=@ADR%EIG%HI=>@D@HI=L;>%BMGDE=@AD%;D%E@%`IN%`G%P@% @?% \GG>% D@<GEI=AJ% ;?G%<;=A>N% ?;=DGP% =A% EIG% L@AEGgE% @\%?G;D@AD% ;AP% ^MDE=\=L;E=@A_% )GI=AP% EIG% =PG;% EI;E% @M?% G<@E=@AD% ;?G%L@ADE=EMEGP% QN% EIG=?% L@JA=E=CG% L@AEGAE% =D% ;A% G\\@?E% E@% DI@`% EI;E%G<@E=@AD% P@% -#$% L>@MP% @M?% ^MPJG<GAE% ;D% HI=>@D@HIG?D% I;CG% @\EGA%;?JMGPR% QME% ;?G% =A% EIG<DG>CGD% ^MPJG<GAED% @?% QG>=G\DR% `I=LI%<;N% QG%^MDE=\=GP_% $IMDR% =E% =D% ;?JMGP% EI;E% G<@E=@AD% ;?G% A@E% AGLGDD;?=>N% EIG%@HH@D=EG%@\%?G;D@A%QME%I;CG%;%?;E=@A;>=EN%@\%EIG=?%@`A_%%

#D%`G%I;CG%DGGAR%`G%<;N%`G>>%;J?GG%EI;E%G<@E=@AD%a7b%;?G%A@E%Q>=AP%@LLM??GALGD%QME%=AE=<;EG>N%Q@MAP%E@%EIG%P=\\G?GAE%D=EM;E=@AD%=A%`I=LI%EIGN% @LLM?% ;AP% a6b% =AEG?A;>>N% ?G>;EGP% E@% @M?% MAPG?DE;AP=AJ% @\% EIG%D=EM;E=@A%`G%;?G% =A_%"@`GCG?R% \@?%EI;E%D;SGR%`G%P@%A@E%I;CG%E@%;J?GG%EI;E%EI=D%=D%AGLGDD;?=>N%;%\G;EM?G%@\%?;E=@A;>=EN_%*A%EIG%L@AE?;?NR%.%`;AE%E@%;?JMG%EI;E%HI=>@D@HIG?D%`I@%Q?=AJ%?G;D@AD%=AE@%;%P=DLMDD=@A%@\%>@CG%J@%;`?N%H?GL=DG>N%=A%EIG=?%;EEG<HED%E@%<;SG%>@CG%?;E=@A;>_%%

$I=D% \;=>M?G%L;A%QG%DGGA%=A% a7b% EIG% \;=>M?G% E@%;LSA@`>GPJG% EI;E% EIG%PG<;AP%\@?%?;E=@A;>%^MDE=\=L;E=@A%@?%GgH>;A;E=@A%@\%@M?%;LE=@AD%;AP%@\%@M?% G<@E=@AD% P@GD% A@E% ;>`;ND% I;CG% ;% <G;A=AJ\M>% H>;LG% =A%L@ACG?D;E=@AR% @?% I;D% ;% CG?N% H?@Q>G<;E=L% @AG% =APGGPR% ;AP% a6b% I@`%<=D>G;P=AJ%EIG%HI=>@D@HI=L;>%A@E=@A%@\%?;E=@A;>=EN%=D_%.E%P@GD%A@E%;EEGAP%E@%EIG%P=\\G?GAE%?@>GD%=E%<;N%I;CG%E@%DHG;S%;Q@ME%?G;D@AD%`=EI%L@ALG?A%E@% ;LE=@ADR% QG>=G\D% ;AP% G<@E=@ADR% ;D%`G>>% ;D% E@% EIG% P=\\G?GAE% S=APD% @\%?G;D@A=AJ%EI;E%L;A%QG%D;=P%E@%E;SG%H>;LG%=A%?G>;E=@A%E@%EIGDG_%%

:?=E=L=e=AJ% EIG%`;ND% =A%`I=LI% ?G;D@AD% I;CG% QGGA% =AE?@PMLGP% =A% ;%P=DLMDD=@A%@\%>@CGR%P@GD%A@E%;<@MAE%E@%;%PG\GALG%@\%EIG%=??;E=@A;>=EN%@\%>@CG_% $I;E% EIG?G% ;?G% A@% ?G;D@AD% \@?% >@CG% P@GD% A@E% <G;A% EI;E% `G%AGLGDD;?=>N%;LE%=??;E=@A;>>N%=A%>@CGR%EI;E%=DR%;J;=ADE%QGEEG?%?G;D@AD_%.E% =D%E?MG%EI;E%`G%<;N%D;N%EI;E%D@<G%HG@H>G%`I@%;?G%=A%>@CG%;LE%=??;E=@A;>>NR%@?% QGI;CG% MA?G;D@A;Q>N_% !G% <;NR% I@`GCG?R% ;>D@% D;N% EI;E% EIGN% ;?G%HG?\GLE>N%?G;D@A;Q>GR%GCGA%=\%EIGN%P@%A@E%;LE%@ME%@\%;%H;?E=LM>;?%?G;D@A_%$I=D%?G<=APD%MD%@\%EIG%\;LE%EI;E%L;>>=AJ%D@<G@AG%?G;D@A;Q>G%=D%@\EGA%;%<@?;>% ;DDGDD<GAE% `I=LI% P@GD% A@E% H?=<;?=>N% L@ALG?A% EIG% J?@MAPD%D@<G@AG%I;D%\@?%;LE=AJ%=A%LG?E;=A%`;ND_%l;EIG?%=E% =D%GgH?GDD=CG%@\%EIG%`;ND%IG%J@GD% ;Q@ME% ;LE=AJ%;AP%`I;E%IG% DGGD% ;D%;%H@DD=Q>G% L@M?DG%@\%;LE=@A%=A%EIG%\=?DE%H>;LG_7F6%.A%EI;E%DGADGR%=E%=D%QGEEG?%E@%D;N%EI;E%Q@EI%EIG%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%7F6%:\_%EIG%P=DLMDD=@A%@\%`I;E%=E%<G;AD%E@%QG%EI@MJIE\M>%=A%LI;HEG?%6R%H_%1c_%%

> :#7 ! ( * & ! % . & ! * & ( '#$ ? !

!

; I = !

L@ALGHE%@\%?;E=@A;>=EN%;AP%EI;E%@\%=??;E=@A;>=EN%;?G%BM=EG%=AGHE%`IGA%=E%L@<GD%E@%PGDL?=Q=AJ%EIG%L@ALGHE%@\%>@CG_%$IGDG%L@AD=PG?;E=@AD%DI@M>P%;>D@% ?G<=AP% MD% E@% P=\\G?GAE=;EG% QGE`GGA% VQG=AJ% ?G;D@A;Q>GXR% V;LE=AJ%?;E=@A;>>NXR% ;AP% VI;C=AJ% ?G;D@AD% \@?% @AGiD% ;LE=@ADXR% ;D%`G>>% ;D% E@% QG%L;?G\M>%A@E%E@%L@A\>;EG%@M?%`;ND%@\%DHG;S=AJ%;Q@ME%V?G;D@AX%`=EI%EIG%HI=>@D@HI=L;>%A@E=@A%@\%V?;E=@A;>=ENX_%%

K;AN%HI=>@D@HIG?DR%I@`GCG?R%I;CG%G<HI;D=eGP% EIG%?@>G%@\%J=C=AJ%?G;D@AD% E@% EIG%GgEGAE% EI;E%;AN%C;>MG% EIGN%;HHG;?%`=>>=AJ% E@%;DD=JA% E@%EIG%G<@E=@AD%;AP% >@CG% =A%;%HI=>@D@HI=L;>%P=DLMDD=@AR%@?% =A%;% >=\G%;D%;%`I@>GR% PGHGAPD% @A% EIG% H?@DHGLE% @\% QG=AJ% ;Q>G% E@% L;EGJ@?=eG% EIG<%MAPG?%EIG%IG;P=AJ%@\%?G;D@A_%/GE%;J;=ADE%;%LG?E;=A%L@ALGHE=@A%@\%?G;D@A%;D% ?;E=@A;>=ENR% `I=LI% H@?E?;ND% ?;E=@A;>=EN% ;D% ;A% @HG?;E=@A;>% H?@LGDDR%>@CG%;>D@%DGG<D%E@%QG%;%H?=<G%Gg;<H>G%@\%=??;E=@A;>=EN_%.A%?G>;E=@ADI=HD%@\%>@CG%`G%;?G%L@A\?@AEGP%`=EI%HG@H>G%J@=AJ%E@%GgE?G<G%>GAJEID%V^MDEX%E@% QG% `=EI% EIG% @AG% EIGN% >@CG_% $I=D% =D% EIG% L;DG% `IGA% E;>S=AJ% ;Q@ME%L>=<Q=AJ% ;% <@MAE;=A% @?% ?=DS=AJ% @AGiD% >=\GR% ;D% =A% EIG% D@AJ% QN% $?;LN%:I;H<;A%a7133bR%@?%<@C=AJ%;?@MAP%EIG%`@?>PR%J=C=AJ%MH%@AGiD%L;?GG?D%;AP%DE;?E=AJ%@AGiD%>=\G%;AG`R%;D%`G>>%;D%=A%EIG%>GDD%GgE?G<G%QME%DE=>>%;D%>=\G% LI;AJ=AJ% PGL=D=@AD% E@% L?G;EG% ;% >=\G% E@JGEIG?R% ?;=DG% ;% \;<=>N% ;AP%DHGAP% @AGiD% E=<G% E@JGEIG?_% #>>% EIGDG% EI=AJD% HG@H>G% P@% `=EI@ME% ;AN%?;E=@A;>%^MDE=\=L;E=@A%\@?%EIG=?%;LE=@AD_%#E%>G;DE%A@E%=\%`G%?G\MDG%E@%E;SG%V.%P=P%=E%QGL;MDG%@\%N@MXR%@?%VQGL;MDG%.% >@CG%N@MX%;D%?G;D@A%GA@MJIR%;AP% =E% =D% ;% LI;?;LEG?=DE=L% @\% HI=>@D@HI=L;>% P=DLMDD=@ADR% =\% A@E% @\% @M?%?GJM>;?%>=\GR%EI;E%@AG%=D%A@E%L@AEGAE%`=EI%EI;E_%%

"G?GR% =E% =D% `@?EI% A@E=L=AJ% EI;E% =A% @M?% A@A4HI=>@D@HI=L;>%L@ACG?D;E=@AD%;Q@ME% >@CGR% >@CG% =D%MDM;>>N%J=CGA%;D% EIG% ?G;D@A% \@?%<N%P@=AJ%@?%A@E%P@=AJ%D@<GEI=AJR% \@?%<@C=AJ%;?@MAP% EIG%`@?>P%;AP%D@%@AR%?;EIG?%EI;A%QG=AJ%EI;E%`I=LI%PG<;APD%;A%;PP=E=@A;>%?G;D@A_%.A%EI=D%?GDHGLER%";??N%h_% T?;AS\M?EiD% a6FFmb% ?G<;?S% EI;E% Vv>w@CG% =D% =EDG>\R% \@?%EIG%>@CG?R%;%D@M?LG%@\%?G;D@AD_%.E%L?G;EGD%EIG%?G;D@AD%QN%`I=LI%I=D%;LED%@\%>@C=AJ%L@ALG?A%;AP%PGC@E=@A%;?G%=ADH=?GPX%ac2b%=D%<MLI%<@?G%E@%EIG%H@=AE_% T?@<% EI=D% HG?DHGLE=CG% =E% ;>D@% ;HHG;?D% EI;E% GCG?N% ;EEG<HE% E@%H?@C=PG% ;AN% @EIG?% ?G;D@A% \@?% DHGAP=AJ% @AGiD% >=\G% E@JGEIG?% `@M>P%L@<H?@<=eG% @AGiD% >@CG% QN% ?GPML=AJ% =E% E@% ;% <;EEG?% @\% P=\\G?GAE%H?G\G?GALGDR%=AEG?GDED%@?%L@ALG?AD_%

,GCG?EIG>GDDR% \?@<% ;% ?;E=@A;>% H@=AE% @\% C=G`R% @?% =A% EIG% >=JIE% @\% ;%LG?E;=A%H=LEM?G%@\%`I;E%QG=AJ%?;E=@A;>%;AP%;LE=AJ%@ME%@\%?G;D@AD%<G;ADR%>@CG%<;N%`G>>%DGG<%;%\@?<%@\%<;PAGDD_% .E%P@GD%A@E%\=E% EIG%H=LEM?G_% .\%I;C=AJ%?;E=@A;>%J?@MAPD% =D%`I;E% ^MDE=\=GD%@M?%;LE=@ADR% =E% =D%P=\\=LM>E% E@%DGG%`IN%@AG%DI@M>P%I;CG% E@%;LLGHE% EI;E% D@<G%@\% EIG%<@DE% =<H@?E;AE%PGL=D=@AD% @\% @M?% >=CGD% DI@M>P% QG% Q;DGP% @A% `I;E% <;N% DGG<% ;D% CG?N%

+ - & $ % + % : !

! !

; I H !

>@@DG% J?@MAPD% =APGGP% ;J;=ADE% EIG% DE;AP;?P% @\% ?;E=@A;>=EN_% )?=AJ=AJ%?G;D@AD% =AE@% ;% P=DLMDD=@A% @\% >@CG% <;N% EIMD% QG% DGGA% ;D% @AG% `;N% @\%E?N=AJ% E@% <;SG% @AG% MAP@MQEGP>N% =<H@?E;AE% ;?G;% @\% IM<;A% >=\G%HI=>@D@HI=L;>>N%?GDHGLE;Q>G_%%

$IG%=AD=DEGALG%EI;E%I;C=AJ%?;E=@A;>%J?@MAPD%=D%;%LGAE?;>%;DHGLE%@\%;>>%<G;A=AJ\M>% IM<;A% =AEG?;LE=@A% =D% @\EGA%<@E=C;EGP% QN% ;% \G;?% EI;E% @M?%>=\G% @EIG?`=DG% `@M>P% QG% ?GAPG?GP% L@AE=AJGAE_% $I=D% =D% DGGAR% \@?% @AG%EI=AJR% =A% EIG%QG>=G\% EI;E%I;C=AJ%?G;D@AD% \@?% >@CG% =D%;%H?GL@AP=E=@A% \@?%QG=AJ% ;Q>G% E@% L?=E=L=eG% LG?E;=A% ;DHGLED% @\% =E_% $I=D% =PG;% =D% L>G;?>N%;?E=LM>;EGP%QN%h;Q?=G>G%$;N>@?%a7121bR%`I@%=D%L@ALG?AGP%`=EI%H@=AE=AJ%@ME%EIG%`;ND%=A%`I=LI%BMGDE=@AD%@\%^MDE=\=L;E=@A%GAEG?%=AE@%>@CG%V=A%EIG%\@?<% @\% BMGDE=@AD% @\% PG\=L=GALN% ;AP% H?@H?=GENX% a737b_% l@QG?E% :_%/@>@<@A% a711Fb%GgH?GDDGD% ;% D=<=>;?% L@ALG?A% =A%I=D% =AD=DEGALG% EI;E%`G%AGCG?% >@CG% D@<G@AG% VA@% <;EEG?% `I;EX% a7ccb_% $IG% DMJJGDE=@A% EI;E%?G^GLE=AJ%EIG%<G;A=AJ\M>AGDD%@\%DHG;S=AJ%;Q@ME%>@CG%;D%D@<GEI=AJ%`G%<;N%I;CG%?G;D@AD%\@?%AGLGDD;?=>N%<G;AD%EI;E%V;ANEI=AJ%J@GDXR%EI;E%`G%`@M>P% QG% >G\E% `=EI% VHDNLI@E=L% @QDGDD=@AR% Q>=AP% Q>=EIG?=AJR% IG>H>GDD%;EE;LI<GAER% @?%<G?G% \?=C@>@MDAGDDX% a/@>@<@A%6FF5bR%I@`GCG?R% >G;CGD%@ME% EI;E% EIG?G% ;% AM<QG?% @\% `;ND% =A% `I=LI% `G% <;N% HM>>% ;DHGLED% @\%>@C=AJ%?G>;E=@ADI=HD%=AE@%BMGDE=@A%`I=LI%P@%A@E%I;CG%E@%QG%L@ADE?MGP%;D% BMGDE=@A=AJ% D@<G@AGiD% ?G;D@AD% \@?% ;LE=AJ% =A% LG?E;=A% `;ND% @?%@\\G?=AJ% ?G;D@AD% E@% ;LE% P=\\G?GAE>N_% .% <;N% ?G^GLE% `I;E% N@M% D;N% ;D% ;%<G;A=AJ\M>% ?G<;?S% ;Q@ME% >@CGR% .% <;N% \;=>% E@% DGG% EIG% D=JA=\=L;ALG% @\%`I;E%N@M%D;N%@?%BMGDE=@A%N@M?%D=ALG?=EN%=A%D;N=AJ%D@<GEI=AJR%;AP%D@%@A_7Fc%%

.\%@AG%`;AED%E@%<;=AE;=A%EI;E%EIGDG%`;ND%@\%E;>S=AJ%`=EI%@EIG?D%;?G%NGE%;A@EIG?%\@?<%EI;E%?G;D@A=AJ%<;N%E;SGR%@AG%I;D%D=<H>N%;DD=JAGP%E@%?G;D@AD% ;% H?=C=>GJGP% H@D=E=@A% =A% IM<;A% MAPG?DE;AP=AJ% EI;E% =D% A@E%J?@MAPGP% =A% EIG%`;ND% =A%`I=LI%`G%`@M>P% =A%H;?E=LM>;?% L;DGD% DHG;S%;Q@ME% I;C=AJ% ?G;D@AD% \@?% @?% ;J;=ADE% P@=AJ% D@<GEI=AJ_% #D% .% ;>?G;PN%<GAE=@AGPR% J=C=AJ% ?G;D@AD% EI=D% H?=C=>GJGP% H@D=E=@AR% @AG%I;D% ;>D@%A@E%H;=P% ;AN% ;EEGAE=@A% E@% `I;E% J=CGD% ?=DG% E@% EIG% BMGDE=@A% ;D% E@% `IN%D@<GQ@PN%P@GD% D@<GEI=AJR% ;D%`G>>% ;D% E@% EIG% D=EM;E=@AD% =A%`I=LI%`G%\=AP%DMLI%;%BMGDE=@A%=AEG>>=J=Q>G_%%

$IG%PG<;AP%EI;E%EIG?G%QG%?G;D@AD%\@?%>@CGR%EIMDR%?GCG;>D%;%\;=>M?G%E@%?GL@JA=eG%EIG%P=\\G?GAE%LI;?;LEG?%@\%EIG%J?;<<;?%@\%>@C=AJ%\?@<%EI;E%@\%J=C=AJ%?G;D@ADR%;D%`G>>%;D% EIG%P=\\G?GAE%?@>GD% =E%<;N%I;CG% E@%DHG;S%@\%?G;D@ADR%A@E%H?=<;?=>N%*#(%>@CGR%QME%4-%EIG%L@AEGgE%@\%>@CG_%TM?EIG?<@?GR%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%7Fc%.%`=>>%L@AE=AMG%EI=D%P=DLMDD=@A%=A%LI;HEG?%8_%

> :#7 ! ( * & ! % . & ! * & ( '#$ ? !

!

; I @ !

=E% =D%;% \;=>M?G% E@%?GL@JA=eG% EI;E% EIG?G%;?G%H@=AED% =A%@M?% >=\G%;AP%=A% EIG%HI=>@D@HI=L;>% =ACGDE=J;E=@A% ;E% `I=LIR% ;D% !=EEJGADEG=A% a7122b% D;NDR%V^MDE=\=L;E=@A%L@<GD%E@%;A%GAPX%aq716b_%$IG%?G<;?S%=D%;%?G<=APG?%EI;E%EIG?G%;?G%;DHGLED%@\%@M?%>=\G%EI;E%`G%L;AA@E%GgH>;=A%QN%H@=AE=AJ%E@%;AN%@EIG?% H?;LE=LGD_% O@D=AJ% EIG% BMGDE=@A% 7%)! `G% P@% D@<GEI=AJ% ;AP%GgHGLE=AJ%;A%;AD`G?%=D%A@E%;>`;ND%<G;A=AJ\M>_%$IG?G%L@<GD%;%H@=AE%;E%`I=LI%`G%<;N%D=<H>N%AGGP%E@%;LLGHE%EI;E%V$I=D%=D%I@`%`G%>=CGR%EI=D%=D%`I;E%`G%P@X_%%

#LLGHE=AJ% EIG% VJ?@MAP>GDDAGDDX% @\% D@<G% @\% @M?% H?;LE=LGD% =A% EIG%DGADG% EI;E%`G%L;AA@E%J=CG%?;E=@A;>%J?@MAPD% \@?% EIG<R%I@`GCG?R%P@GD%A@ER%;J;=AR%<G;A%EI;E%`G%AGLGDD;?=>N%I;CG%E@%?GJ;?P%EIGDG%H?;LE=LGD%;D%;?Q=E?;?N_%!=EEJGADEG=AiD%P=DLMDD=@A%=A%[-!G&($,4-$)%a7122b%=D%;%\M?EIG?%?G<=APG?% EI;E% EIG?G% ;?G%`;ND% @\% QG=AJ% LG?E;=A% @?% ?GDE=AJ% ;DDM?GP% =A%@AGiD%;LE=@AD%EI;E%P@%A@E%?GDE%MH@A%?;E=@A;>%J?@MAPD_%$I=AS%@A>N%@\%EIG%`;ND%=A%`I=LI%.%<;N%D@<GE=<GD%DHG;S%@\%>@CG%@?%;Q@ME%EIG%@AG%.%>@CG%;D%VEIG%J?@MAP%QGAG;EI%<N%\GGEXR%=A%;%D=<=>;?%<;AAG?%E@%D;N=AJ%EI;E%.%\GG>% ?@@EGP% @?% ;E% I@<G% =A% >@CG_% ,@E% ;LSA@`>GPJ=AJ% EI=D% DGADG% @\%LG?E;=AEN%EGD=E=\=GD%E@%;%HI=>@D@HI=L;>%H?G^MP=LG%`I=LI%;EEG<HED%E@%\=E%;>>%H?;LE=LGD%=AE@%@AG%MA=\=GP%DNDEG<_%%

+ + !,.(%!#*!,.#E!

Y=DLMDD=AJ%?G;D@AD%\@?%>@CG%=D%>;?JG>N%;%<;EEG?%@\%QGL@<=AJ%L>G;?%;Q@ME%7%,$%`G%;?G%L@<<=EEGP%E@%=A%>@CG0%!I;E%Q=APD%MD%E@JGEIG?%=A%>@CGZ%.A%EIG%H?GC=@MD%P=DLMDD=@A%@\% EIG%H>;LG%@\% EI@MJIED%=A%G<@E=@AD%`G%D;`%EI;E%.%;<%Q@MAP%E@%C=G`%@?%;LLGHE%LG?E;=A%PGDL?=HE=@AD%@\%EIG%@Q^GLE%@\%<N%G<@E=@A%\@?%=E%E@%QG%=AEG>>=J=Q>G%E@%;EE?=QMEG%EI;E%G<@E=@A%E@%<G_%$IG%BMGDE=@A% EIGA% ;?=DGD%`IGEIG?% EIG?G% =D% D@<G% D=<=>;?% D;>=GAE% \G;EM?G% @\%EIG%@Q^GLE%@\%<N%>@CG_%

$I=D% BMGDE=@A% E=GD% =A%`=EI% BMGDE=@AD% @\% HG?D@AI@@P% =A% D=JA=\=L;AE%?GDHGLED%D@%EI;E%EIG%HG?E=AGAE%BMGDE=@A%EM?AD%=AE@R%>M%,$!=D%=E%EI;E%.%>@CG%`IGA%.%>@CG%N@MZX%*?R%V7%,$%=D%EIG%HG?D@A%EI;E%.%>@CG%`IGA%.%D;N%.%>@CG%N@MZX%*AG%<;NR%EIGAR%E;SG%=E%@A%@AGDG>\%E@%GgH>;=A%E@%`I;E%=E%=D%EI;E%EIG%`@?P%VHG?D@AX%?G\G?D_%KN%\@>>@`=AJ%P=DLMDD=@A%DI@M>P%DI@`%^MDE%I@`%<MLI%EM?AD%@A%\@?<M>;E=AJ%EIG%BMGDE=@A%=A%EI=D%`;NR%;AP%A@ER%;D%.%`=>>%DMJJGDER% \@LMD=AJ% @A%I@`% EIG% BMGDE=@A% ;Q@ME! 7%#%`G% ;?G%<;N% GAEG?%=AE@% >@CG_% .%`=>>% ;?JMG% EI;E% EIG% >;EEG?% BMGDE=@AR% E@% ;% J?G;E% GgEGAER% =D% ;%<@?;>%BMGDE=@AR%;AP%EI;E%=A%<;AN%L;DGD%=E%=D%H?=<;?N%E@%EIG%BMGDE=@A%@\%`I;E%`G%;?G_%

+ - & $ % + % : !

! !

; C G !

$IG%;AD`G?D%EI;E%HI=>@D@HIG?D%I;CG%J=CGA%E@%EIG%BMGDE=@A%@\%`I;E%`G%>@CG%P=\\G?_%"G?G%;J;=A%.%`=>>%>GE%$;N>@?%a7121b%GgG<H>=\N%`I;E%L;A%QG%DGGA%;D%;% DE;AP;?P%?G;P=AJ%@\% EIG% aS=APD%@\b%BM;>=E=GD% EIG%QG>@CGP%<MDE%QG% D;=P% E@%I;CG% \@?%@AGiD% >@CG% E@%QG% ?;E=@A;>_% /IG%P=DE=AJM=DIGD%E`@% S=APD% @\% QG>=G\D% EI;E% EIG% >@CG?% L;A% QG% D;=P% E@% I@>P% ;Q@ME% EIG%QG>@CGP_%T=?DER%=\%;%HG?D@A%aLb%>@CGD%D@<GQ@PN%a)bR%VIG%P@GD%D@%=A%C=?EMG%@\%LG?E;=A%PGEG?<=A;EG%BM;>=E=GD%`I=LI%IG%QG>=GCGD%)% E@%I;CGX%a$;N>@?%7121R%727b_%"G%`=>>%QG%;Q>G%E@%H@=AE%E@%LG?E;=A%LI;?;LEG?=DE=LD% =A%)% EI;E%IG% \=APD% ;EE?;LE=CG_% /GL@APR% IG%`=>>% I;CG% LG?E;=A%`;AED% L@ALG?A=AJ%)%EI;E%IG%QG>=GCGD%EI;E%)%L;A%\M>\=>%a$;N>@?%7121R%727b_%$IGDG%`;AED%L;A%QG%PGDL?=QGP% ;D% ;% PGD=?G% E@% QGAG\=E% ;AP% LIG?=DI% )% ;AP% QG% QGAG\=EGP% ;AP%LIG?=DIGP% QN% )! a$;N>@?% 7121R% 72c472mb_7Fm% $I=D% >G;CGD% MD%`=EI% ;% CG?N%D=<H>G%H=LEM?G%@\%`I;E% =E%<G;AD%\@?%;% >@CG%E@%QG%PG\=L=GAE_%O?@CG%EI;E%EIG%QG>@CGP%P@GD%A@E%H@DDGDD%EIG%QG>=GCGP%H?@HG?E=GD%;AP%;`;N%J@%EIG%?G;D@AD% \@?% EI;E% >@CG% ;AP% `=EI% =E% EIG% >@CG% =EDG>\_% /@>@<@A% ;>D@%DMQDL?=QGD%E@%EI=D%H=LEM?G%@\%?G;D@AD%;D%IG%`?=EGD0%%

=\%.%>@CG%N@M%QGL;MDG%N@MiCG%E@>P%<G%EI;E%N@Mi?G%EIG%=>>GJ=E=<;EG%P;MJIEG?%@\% WG;A4O;M>%/;?E?G%;AP%.% \=AP%@ME%EI;E% EI;EiD%A@E% E?MGR%EI;EiD%EIG%GAP%@\%<N%>@CGpA@E%QGL;MDG%N@M%I;CG%>=GP%E@%<GR%QME%QGL;MDG% <N% ?G;D@A% \@?% >@C=AJ% N@M% I;D% P=D;HHG;?GP_% a/@>@<@A%711FR%722b%

/@>@<@A%;>D@%J=CGD%;%<@?G%=AE?=L;EG%;AD`G?%E@%EIG%BMGDE=@A%@\%`I;E%=E%=D%`G%>@CG%`I=LI%E=GD%=A%`=EI%I=D%;LL@MAE%@\%>@CG%;D%;%DI;?GP%=PGAE=EN_%.A% EIG% >=JIE%@\% EI=D%IG%PG\=AGD% EIG% ?G;D@AD% \@?% >@CG% ;D% EI@DG% EI;E% V;?G%H;?E% @\% EIG% HG?D@AR% PG\=AGP% =A% E;APG<%`=EI% ;% >@CG?%`I@% DI;?GD% ;AP%<MEM;>>N%IG>HD%E@%PG\=AG%EI;E%=PGAE=ENX%a/@>@<@A%711FR%72Fb_%Vv#w%J@@P%?G;D@A% \@?% >@CG% =D% @AG% EI;E% E=GD% E`@% HG@H>G% E@JGEIG?% =A% ;% <MEM;>>N%=ADH=?=AJR%DMHH@?E=CG%;AP%GA^@N;Q>G%?G>;E=@ADI=HX_%a/@>@<@A%6FF5R%78mb%$IG%?G;D@AD%\@?%>@CGR%EIG?G\@?GR%;?G%A@E%D=<H>N%D@<G%BM;>=E=GD%EI;E%H?G4Gg=DE% `=EI=A% EIG% HG?D@AD% @MED=PG% @\% EIG% ?G>;E=@ADI=H_% $IGN% ;?G% ;>D@%L?G;EGP%`=EI=A%EIG%?G>;E=@ADI=H_%,GCG?EIG>GDDR%IG%DE=>>%I;AJD%@A%E@%EIG%DMJJGDE=@A% EI;E% EIG% ?G;D@AD% `G% J=CG% \@?% >@CGR% ;>EI@MJI% EIGN% ;?G%HG?D@A;>% ?G;D@ADR%<;N%QG%@\\G?GP%;D%;A%GgH>;A;E=@A%@\% @M?% >@CGR% ;AP%GCGA% H?@C=PG% <=>P% ^MDE=\=L;E=@A% \@?% =ER% ;>EI@MJI% IG% D@<GE=<GD% @A>N%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%7Fm% :\_% LI;HEG?% 6% @A% EIG% P=DE=ALE=@A% $;N>@?% <;SGD% QGE`GGA% VPGEG?<=A;EG% BM;>=E=GDXR%DMLI%;D%QG>=GC=AJ%EI;E%;%QG;?%I;D%DI;?H%L>;`DR%;AP%VPGEG?<=A;Q>G%BM;>=E=GDXR%DMLI%;D%QG>=GC=AJ%EI;E%=E%=D%P;AJG?@MD_%'@CG%L@ADE=EMEGD%;%H?@Q>G<%\@?%IG?%P=DLMDD=@A%=A%EI;E%=E%=D% P=\\=LM>E% E@% \=AP% ;% VPGEG?<=A;Q>G% BM;>=ENX% =A% >@CG% EI;E% `@M>P% I;CG% EIG% H>;LG% @\%VP;AJG?@MDX%=A%\G;?_%$I;E% =D%;>D@%`IN%$;N>@?%H?@LGGPD%E@%PG\=AG%EIG%QG>=G\D%`G%I;CG%;Q@ME%EIG%@AGD%`G%>@CG%=A%EG?<D%@\%EIG%`;AED%`G%I;CG%=A%?G>;E=@A%E@%EIG<_%%

> :#7 ! ( * & ! % . & ! * & ( '#$ ? !

!

; C ; !

?GAPG?D% EI=D% =A% EG?<D% @\%<;S=AJ% @M?% >@CG% =AEG>>=J=Q>G% a/@>@<@A%6FF5R%7mmb_%%

:@<<@A% E@% EIGDG% ;AD`G?D% =D% EIG% =PG;% EI;E% >@CG% =D% P=?GLEGP% ;E%D@<GEI=AJ%DHGL=\=L_%$IG?G%=D%VD@<G%EI=AJX%EI;E%.%>@CGR%;AP%EI=D%L;AA@E%D=<H>N% QG% GgH>;=AGP% QN% ;% VN@MX% @?% VEIG% `I@>G% HG?D@AX_% /@>@<@A%a711Fb%GCGA%=AD=DED%EI;E%`G%P@%A@E%>@CG%VEIG%`I@>G%HG?D@AX%a7ccb_%.E%=DR%IG%D;NDR%AGCG?%E?MG%EI;E%`G%>=SG%;>>%@\%;%HG?D@A%@?%>@CG%EIG<%VA@%<;EEG?%`I;EX% a7ccb_% $IG?G% ;?G% ;>`;ND% LG?E;=A% EI=AJD% EI;E% .% >=SG% <@?G% EI;A%@EIG?D_% $IG% H=LEM?G% `=EI% `I=LI% `G% ;?G% H?GDGAEGPR% EIGAR% =D% @AG% @\% ;%HG?D@A%@?%;%IM<;A%QG=AJ%`I@%I;D%LG?E;=A%`;AEDR%AGGPD%;AP%=AEG?GDED%E@%`I=LI%EIG%BM;>=E=GD%@\%@EIG?%HG@H>G%L;A%QG%D;=P%E@%L@??GDH@AP_%$I=D%=D% @ALG% ;J;=A% ;% `;N% @\% ?GPML=AJ% EIG% IM<;A% =AP=C=PM;>% E@% ;%HDNLI@>@J=L;>% PGDL?=HE=@A% @\% IG?0% EIG% ?G;P=AGDD% `=EI% `I=LI% DMLI% ;A%;LL@MAE% @\% EIG% HG?D@A% >GAPD% =EDG>\% E@% ;A% ;LL@MAE% @\% ?G;D@AD% \@?% >@CG%?GCG;>D%NGE%;A@EIG?%P;AJG?%=A%@A>N%<;S=AJ%DGADG%@\%IM<;A%QG=AJD%=A%EIGDG%EG?<D_%%

.A% EI=D% H=LEM?G% >@CG% =D% G;D=>N% L@ADE?MGP% ;D% ;% ?G>;E=@ADI=H% =A%`I=LI%EIG%BM;>=E=GD%@\%EIG%@EIG?%;?G%D@<GEI=AJ%EI;E%L;A%G=EIG?%a7b%QG%@\%05&%E@%MD% =A% EI;E% EIGN% \M?EIG?% D@<G%@\%@M?% =AEG?GDED%@?% a6b%Q?=AJ%MD%H8&,50(&R%D=ALG% =E% =D% ;DDM<GP% EI;E% EI=D% =D% `I;E% HG@H>G% A@?<;>>N% `;AE% @?% ;?G%=AEG?GDEGP% =A_% )@EI% EIGDG% <=DMAPG?DE;AP=AJD% @\% >@CG% DI;?G% EIG%;DDM<HE=@A% EI;E% EIG% ?G>;E=@ADI=HD% @\% >@CG% ;?G% H?=<;?=>N% L@ALG?AGP%`=EI%EIG%GgLI;AJG%@\%J@@PD%;AP%EIG%D;E=D\;LE=@A%@\%AGGPD_%"G?G%=E%P@GD%A@E%<;EEG?%`IGEIG?%EIG%VJ@@PDX%;?G%L@AD=PG?GP%E@%QG%<;EG?=;>R%DMLI%;D%\=A;AL=;>%DGLM?=EN%@?%P=AAG?%GCG?N%GCGA=AJR%@?%=<<;EG?=;>%@AGDR%DMLI%;D%;\\=?<;E=@AR%DG>\4?G;>=e;E=@A%@?%D@L=;>%DE;EMD_%%

.A% EI=D% H=LEM?G% @\% EIG% HG?D@AR% EIG% EGAPGALN% E@% E;SG% G<@E=@ADR%EI@MJIEDR%QG>=G\D%@?%`;AED%;D%?G\G??=AJ%E@%D@<G%S=AP%@\%<GAE;>%@Q^GLED%@\% EIG% =AP=C=PM;>R% `IGEIG?% EIGN% ;?G% EI@MJIE% E@% ?GH?GDGAE% D@<G%<;EG?=;>% @?% =<<;EG?=;>% DE;EGDR% P=DH@D=E=@AD% E@% `;AER% \GG>% ;AP% EI=AS%LG?E;=A% EI=AJD%@?% EIG%L;H;L=EN% E@% \@?<%DE;EG<GAED%HG?E;=A=AJ% E@% EIGDGR%?GHG;ED% =EDG>\_% "M<;A% QG=AJD% ;?G% L@AD=PG?GP% E@% I;CG% LG?E;=A% H?GEEN%DGEE>GP% ;AP% PG\=A;Q>G% BM;>=E=GDR% AGGPD% ;AP% `;AED% EI;E% <;N% QG%=PGAE=\=GP%=APGHGAPGAE>N%@\%EIG%D=EM;E=@AD%;AP%L@ACG?D;E=@AD%=A%`I=LI%.% GgH?GDD%`I;E% .%`;AE%@?% ;EE?=QMEG% LG?E;=A% LI;?;LEG?% E?;=ED% E@%N@M_%$@%EI=D%=D%;PPGP%EIG%MADH@SGA%;DDM<HE=@A%EI;E%VHDNLI@>@J=L;>%DE;EGD%L;A%QG% ;DD=JAGP% E@% ;AP% EIG@?=eGP% ;Q@ME% @A% ;A% =AP=C=PM;>=DE=L% Q;D=DX%a/LIG<;A% 711cR% c2b_% .A% @EIG?%`@?PDR% @AG% ;DDM<GD% EI;E% EIG% @Q^GLED% @\%HDNLI@>@JN%<;N%QG%=ACGDE=J;EGP%=A%=D@>;E=@A%\?@<%@EIG?%;DHGLED%@\%EIG%HG?D@AR% ;D%@AG% =<;J=AGD% EI;E%`G%<;N% =PGAE=\N% EIG% D;>=GAE% \G;EM?GD%@\%

+ - & $ % + % : !

! !

; C D !

EIG%HG?D@A%a=AP=C=PM;>>Nb%=A%=D@>;E=@A%\?@<%EIG%?G>;E=@ADI=HD%IG%@?%DIG%I;D%`=EI%@EIG?%HG@H>G_%%

*AG% P@GD% A@ER% \@?% =ADE;ALGR% BMGDE=@A% `IGEIG?% EIG?G% ;?G% D@<G%P=DE=ALE%\G;EM?GD%EI;E%PG\=AG%EIG%L@?G%@\%;%HG?D@AR%@AG%=D%@A>N%L@ALG?AGP%`=EI% \=AP=AJ% @ME% `I;E% EIGDG% PG\=A=AJ% \G;EM?GD% ;?G_% a$IG% L;H;L=EN% E@%?G;D@AR%E@%I;CG%;%\=?DE%HG?D@A%HG?DHGLE=CGR%E@%\GG>%H;=AR%;AP%D@%@A_b%*?R%@AG% ;DDM<GD% EI;E% >@CG% =D% ;A% ;HH?;=D;>% @?% ;A% GC;>M;E=@A% @\% HG?D@A;>%BM;>=E=GD%EI;E%<;N%QG%;DDGDDGP%BM=EG%=APGHGAPGAE>N%@\%`I;E%`G%\GG>%\@?%EIG% H;?E=LM>;?% HG?D@A% =A% BMGDE=@A_% /@>@<@AiD% a6FF5b% ;LL@MAE% @\% ;%DI;?GP% =PGAE=EN% =D% ;A% ;EEG<HE% E@% BMGDE=@A% EIG% DGADG% @\% DMLI% ;A%MAPG?DE;AP=AJ%@\%;A%=D@>;EGP%=AP=C=PM;>R%QN%G<HI;D=e=AJ%EI;E%Vv>w@CG%=D%;%H?@LGDDR%A@E%;%DE;EGX%;AP%EI;E%V@M?%?G;D@AD%\@?%>@CG%;?G%Q@MAP%MH%`=EI% EI;E%H?@LGDDX% a727b_%"@`GCG?R%IG%@A>N%H?@C=PGD%MD%`=EI%;%<@?G%L@<H>Gg%H=LEM?G%@\%I@`%H?@HG?E=GD%;?G%L?G;EGPR%@?%J=CGA%`G=JIE%E@R%=A%EIG% ?G>;E=@ADI=HD% @\% >@CGR% `I=LI% P@GD% A@E% DMLLGGP% =A% L>;?=\N=AJ% EIG%<G;A=AJ%;AP%D=JA=\=L;ALG%@\%EIG%@EIG?%@\%E@%<G%=A%>@CG_%

$;SGA% DE?=LE>N% ;D% ;% J?;<<;E=L;>% H@=AER% EIG?G% =D% A@EI=AJ%`?@AJ% =A%D;N=AJ%EI;E%HG?D@AD%I;CG%P=\\G?GAE%BM;>=E=GD%@?%HG?D@A;>%LI;?;LEG?=DE=LD_%.%;<%?;EIG?%DMJJGDE=AJ%EI;E%`G%?GL@AD=PG?%`I;E%=E%=D%`G%D;N%`IGA%`G%L>;=<% EI;E% EIGN% P@_% .\% `G% EG;LI% D@<G@AG% EIG% MDG% @\% `@?PD% DMLI% ;D%VHG?D@A;>% H?@HG?ENX% @?% VBM;>=ENXR% =E%<;SGD% HG?\GLE% DGADG% E@% D;N% EI;E%VS=APAGDDXR%VH?=PGX%@?%VL@M?;JGX%;?G%VH?@HG?E=GDX%`I=LI%`G%;EE?=QMEG%E@%HG?D@ADR%?;EIG?%EI;AR%D;NR%E@%E?GGD%;AP%E;Q>GD_%$@%E;>S%;Q@ME%HG?D@ADR%;<@AJ%@EIG?% EI=AJDR% =D% E@% E;>S%;Q@ME%H?@HG?E=GDR%`;AEDR% EI@MJIED%;AP%LI;?;LEG?=DE=LD_% !IGA% HI=>@D@HIG?D% ;AP% DL=GAE=DED% DHG;S% ;Q@ME% DMLI%BM;>=E=GDR% I@`GCG?R% EIG% HM?H@DG% @\% EIG=?% ?G<;?SD% =D% @\EGA% <@?G%@QDLM?G_%#HH;?GAE>N%EIGN%P@%A@E%E?N%E@%EG;LI%MD%E@%MDG%`@?PD%DMLI%;D%VBM;>=ENX% @?% VH?@HG?ENXR% VL@M?;JGXR% VH?=PGX% @?% VS=APAGDDX_% "G?GR%MAH?@Q>G<;E=L;>>N%DHG;S=AJ%;Q@ME%D@<G@AG%I;C=AJ%BM;>=E=GD%=A%C=?EMG%@\%`I=LI%`G%>@CG%I=<%@?%IG?R%@?%;Q@ME%I@`%EIG%H?@HG?E=GD%@\%;%HG?D@A%;?G%L?G;EGP%=A%=AEG?;LE=@A%?MAD%EIG%?=DS%@\%>GAP=AJ%;%?G=\N=AJ%EGAPGALN%E@% EIG=?% P=DLMDDD=@AD_% !I;E% EIGN% E?N% E@% H?@C=PG% MD% `=EIR% @AG% <;N%DMDHGLER% =D% ;%<GE;HIND=LD% @?% @AE@>@JN% @\% EIG% HG?D@AR% PG>=AG;E=AJ% EIG%JGAG?;>%\G;EM?GD%`I=LI%HG?D@AD%DI;?G_%%

$I=D% H=LEM?G% @\% EIG% HG?D@A% @?% EIG% IM<;A% QG=AJ% ;D% D@<GEI=AJ%DHGL=\=LR%D@<GEI=AJ%EI;E%<;N%QG%?GPMLGP%E@%LG?E;=A%BM;>=E=GD%;AP%E?;=EDR%=D% =A% <;AN% ?GDHGLED% L@A\MDGP_% *AG% ?G<;?S;Q>G% \G;EM?G% @\% EIGDG%P=DLMDD=@AD% @\% `I;E% L@ADE=EMEGD% @?% >GJ=E=<=eGD% @M?% Q@APD% E@% @EIG?%HG@H>G% =D% EI;E% @AG% ;DDM<GD% EI;E% `I;E% <MDE% QG% GgH>;=AGP% =D% I@`% =E%L@<GD%;Q@ME%EI;E%`G%L?G;EG%DMLI%Q@APD_%$IGDG%Q@APD%;?G%L@ADGBMGAE>N%GgH>;=AGP%QN%@M?%HDNLI@>@J=L;>%LI;?;LEG?=DE=LDR%@?%QN%EIG%EI=AJD%`G%JGE%

> :#7 ! ( * & ! % . & ! * & ( '#$ ? !

!

; C < !

@ME% @\% >@CGR% EIG% EI=AJD% EI;E%<;SG% =E% V`@?EI`I=>GX% E@% >@CG_%*AG%P@GD%A@ER%I@`GCG?R%P=DLMDD%I@`%=E%=D%@?%I@`%`G%;?G%E@%GgH>;=A%EI;E%`G%<;N%QG% Q@MAP% E@% D@<G@AGiD% HDNLI@>@J=L;>% E?;=ED_% $I=D% P=\\=LM>EN% @\% \=EE=AJ%EIG% IM<;A% =AP=C=PM;>% =AE@% ;% DNDEG<% @\% H?G\G?GALG% ?GCG;>D% ;%HI=>@D@HI=L;>% H?G^MP=LG_% *AG% J=CGD% H?=@?=EN% E@% @AG% C@L;QM>;?N% @\%V=AEG?GDEDXR% VBM;>=E=GDXR% VH?@HG?E=GDX% ;AP% VJ@@PDX% @CG?% ;A@EIG?% @\%VIM<;A% QG=AJXR% V=AP=C=PM;>XR% VJ@@PAGDDX% ;AP% V>@CGXR% ;AP% ;DDM<GD%EI;E%EIG%DGL@AP%L;A%QG%GgH>;=AGP%L@<H>GEG>N%QN%?G\G?GALG%E@%EIG%\=?DE_%*AG% P@GD% A@E% DGG% ;AN% H?@Q>G<% =A% I@`% D@<G@AG% <=JIE% I;CG% ;A%=AEG?GDER%MDG%@?% \=AP%H>G;DM?G% =A% D=AJ>G%BM;>=E=GDR%`IG?G;D% EIG%IM<;A%QG=AJ%@A>N%DGG<D%E@%\=E%=AE@%EIG%HI=>@D@HI=L;>%DNDEG<%=A%D@%\;?%;D%DIG%=D%?GPMLGP%E@%D@<G%DMLI%BM;>=E=GD_%

TM?EIG?<@?GR%EIG?G%=D%D@<GEI=AJ%;`S`;?P%=A%EIG%=PG;%EI;E%`G%\=?DE%I;CG% E@% L>;?=\N%7%,$% EIG% HG?D@A% =D% =A% @?PG?% E@% GgH>;=A% I@`% =E% L@<GD%;Q@ME% EI;E% DIG% <;N% \@?<% ?G>;E=@ADI=HD% `=EI% @EIG?DR% @?% QG% D;=P% E@%?G<;=A%EIG%D;<G%HG?D@A%@CG?%E=<G_%.E%=D%;%LI;?;LEG?=DE=L%\G;EM?G%@\%EIGDG%P=DLMDD=@AD% EI;E% EIG% LI;AJGD% HG@H>G% MAPG?J@% EI?@MJI% >=\G% QGL@<G% ;%HMee>G% E@%QG% D@>CGP_%$IG%L@<<@A%L@AC=LE=@A% EI;E%Vv>w@CG% =D%A@E% >@CG%`I=LI%;>EG?D%`IGA%=E%;>EG?;E=@A%\=APDXR%;D%/I;SGDHG;?G%a711mb%`?=EGD%=A%D@AAGE%778%a76c1bR%=D%L@AD=PG?GP%E@%QG%=A%AGGP%@\%EI@?@MJI%Gg;<=A;E=@A%QN%<;AN% HI=>@D@HIG?D_% &CGA% EIG% EI@MJIE% EI;E% EIG% HG?D@A% .% ;<%A@`%;AP%EIG%HG?D@A%.%`;D%EGA%NG;?D%;J@%;?G%EIG%D;<G%=D%;%A@E=@A%EI;E%I;D%QGGA% CG?N% <MLI% HME% =AE@% P@MQE_% $IG?G% <MDE% QGR% D@% EIG% DE@?N% J@GDR%D@<GEI=AJ% EI;E% ^MDE=\=GD% MD% =A%<;S=AJ% DMLI% ;% L>;=<_% &DHGL=;>>N% =\%`G%;J?GG%EI;E%<;AN%@\%<N%HG?D@A;>%BM;>=E=GD%L;A%QG%D;=P%E@%I;CG%LI;AJGP_%

.A%E`@%=AD=JIE\M>%;?E=L>GD%Y;C=P%:@LSQM?A%a7133%;AP%7131b%L?=E=L=eGD%EIG%=PG;%EI;E%`G%L@M>P%GCGA%MAPG?DE;AP%`I;E%;%HG?D@A%=D%=\%`G%P@%A@E%\=?DE%L@AD=PG?%EIG%P=\\G?GAE%S=APD%@\%?G>;E=@ADI=HD%IG%<;N%I;CG%E@%@EIG?%HG@H>G_%.A%EIG%\=?DER%:@LSQM?A%a7133b%L?=E=L=eGD%EIG%A@E=@A%EI;E%`G%L@M>P%<;SG%DGADG%@\%EIG%=PG;%@\%;%HG?D@A%;D%IG%=D%=A%I=<DG>\R%EI;E%=DR%`=EI@ME%?G\G?GALG%E@%EIG%L=?LM<DE;ALGD%EI;E%DM??@MAP%I=<R%I=D%H;DE%;AP%\MEM?G%;AP% ?G>;E=@ADI=HD% `=EI% @EIG?% HG@H>G_% .A% EIG% DGL@APR% IG% ;?JMGD% EI;E%VEIG?G% =D% ;% L@A\MD=@A% =A% EIG% =PG;% EI;E% ;% HG?D=DE=AJ% L@<<=E<GAE% E@%;A@EIG?%=D%.&H&-.&-$!#-%EIG%EI@MJIE%@\%;%HG?D=DE=AJR%MALI;AJ=AJ%L@?G%@\%EI;E%HG?D@AX%a:@LSQM?A%7131R%33b_%%

!I;E% `G% ;?G% L@<<=EEGP% E@% =A% >@CG% ;AP% \?=GAPDI=H% ;?G% A@E% D@<G%LI;?;LEG?=DE=LD% EI;E% <;SG% MH% EIG% HG?D@A_% #EE?=QME=AJ% HG?D@A;>%LI;?;LEG?=DE=LD% E@% D@<G@AG% =D% QGEEG?% E@% QG% DGGA% ;D% ;A% ;DHGLE% @\% EIG%?G>;E=@ADI=H%`G%I;CG%E@%I=<%@?%IG?_%.E%=D%=A%EIG%>=JIE%@\%<N%?G>;E=@ADI=H%`=EI%N@M%EI;E%.%L@<G%E@%DGG%D@<G%@\%EIG%EI=AJD%N@M%P@%;D%GAPG;?=AJR%ENH=L;>% @?% =??=E;E=AJR% ;AP% =E% =D% =A% C=?EMG% @\%I;C=AJ% ;% ?G>;E=@ADI=H%`=EI%

+ - & $ % + % : !

! !

; C B !

N@M%EI;E%EIG%BMGDE=@A%@\%`I;E%N@M%;?G%>=SG%;?=DGD%=A%EIG%\=?DE%H>;LG_%$@%MAPG?DE;AP% `I;E% ;% HG?D@A% @?% ;% IM<;A% QG=AJ% =DR% ;D% `G>>% ;D% `I;E%HG?D@A;>%H?@HG?E=GDR%EI@MJIED%;AP%G<@E=@AD%;?GR%`G%I;CG%E@%QG%;`;?G%@\%EIG%P=\\G?GAE%L@AEGgED%=A%`I=LI%EIGDG%L@ALGHED%L@<G%E@%>=\G_%%

:@LSQM?A%a7131b%\M?EIG?%?G<;?SD%EI;E%V;DL?=HE=@AD%@\%HDNLI@>@J=L;>%LI;?;LEG?=DE=LD% E@% ;A% =AP=C=PM;>% vL;AA@Ew% QG% <;PG% =APGHGAPGAE>N% @\%;AN%^MPJG<GAE%;D%E@%7%#%EI;E%=AP=C=PM;>%=DX%a25b_%$I=D%;>>MD=@A%E@%7%#%EIG% =AP=C=PM;>% =D% ?;EIG?% EI;A% E@% 7%,$% IG% @?% DIG% =DR% E@% `I=LI%HI=>@D@HIG?D%I;CG%@\EGA% EGAPGPR% =D% =A%:@LSQM?AiD% L;DG%;%?G<=APG?%@\%EIG% `;ND% =A% `I=LI% `G% ?GDH@AP% E@% ;A@EIG?% =AP=C=PM;>% ;D% QG=AJ% EIG%D;<G%=AP=C=PM;>%@CG?%E=<GR%;>EI@MJI%`G%<;N%`G>>%;J?GG%EI;E%DIG%P@GD%A@E%H@DDGDD%EIG%D;<G%BM;>=E=GD%A@`%;D%DIG%P=P%QG\@?G_%$IG%H@=AE%L@M>P%;>D@%QG%<;PG%QN%D;N=AJ%EI;E%EIG%=PGAE=EN%`G%;DD=JA%E@%;%HG?D@A%>=C=AJ%@CG?% E=<G% DI@M>P% QG% MAPG?DE@@P% ;D%-0'&(4@,8! 4.&-$4$)R% QN% L@AE?;DE% E@%EIG%20,84$,$43&! 4.&-$4$)!`G%<;N%;DD=JA% E@R% D;NR% E`@%AG`%L;?D% \?@<% EIG%D;<G% H?@PMLE=@A% >=AG_% .A% @EIG?% `@?PDR% EIG% DGADG% =A% `I=LI% .% ;<% EIG%D;<G%HG?D@A%;D%EIG%LI=>P%Q@?A%D@<G%EI=?EN%NG;?D%;J@R%=D%P=\\G?GAE%\?@<%EIG% DGADG% =A% `I=LI% EIG% E`@% L;?D% L;A% QG% D;=P% E@% QG% BM;>=E;E=CG>N%=PGAE=L;>_%:@LSQM?AiD%?G<;?S%;>D@%Q?=AJD%@ME%EIG%J?;<<;E=L;>%H?=@?=EN%DHG;S=AJ%;Q@ME%D@<G@AG%;D%QG=AJ%EIG%D;<G%=A%EIG%AM<G?=L;>%DGADGR%I;D%E@% DHG;S=AJ% ;Q@ME% D;<GAGDD% =A% ;% BM;>=E;E=CG% DGADG_% T@?% EIG% BMGDE=@A%`IGEIG?%5#'&#-&%I;D%EIG%D;<G%BM;>=E=GD%;D%QG\@?G%E@%J;=A%;AN%\@@EI@>PR%`G%;>?G;PN%I;CG%E@%E;SG%I=<%@?%IG?%E@%QG%EIG%D;<G%HG?D@A_%!G%L;AA@ER%;D%=E%`G?GR%GgH>;=A%`IN%`G%E;SG%D@<G@AG%E@%QG%EIG%D;<G%QN%;HHG;>=AJ%E@%EIG%\;LE%EI;E%IG%I;D%EIG%D;<G%BM;>=E=GD%;D%QG\@?G_7F5%%

!G%<;NR%I@`GCG?R% E;SG%EIG%H@=AE%@AG%DEGH%\M?EIG?_%$@%QGJ=A%`=EIR%`G% L@M>P% D;NR% EI;E% `IGAGCG?% HI=>@D@HIG?D% @?% DL=GAE=DEDR% ;EE?=QMEG%BM;>=E=GD%E@%;%HG?D@AR%@?%E?N%E@%D;N%D@<GEI=AJ%;Q@ME%`I;E%DIG%=DR%EIGN%;?G%=A%G\\GLE%<;S=AJ%;%DE;EG<GAE%;Q@ME%`I@%DIG%=D_%$IGN%;?G%GgH?GDD=AJ%;A%;EE=EMPG%E@%IG?%`I=LI%?GCG;>D%EIG%LI;?;LEG?%@\%EIG=?%?G>;E=@A%E@%IG?_%$I=DR% .%`=>>% ;?JMGR% =D% ;A%;LE=@A% EI;E% =A%<;AN% ?GDHGLED% =AC@>CGD%<@?;>%\G;EM?GD_% $IG% BMGDE=@A% ;Q@ME%`I@%`G% ;?G% P@GD% A@E% ;?=DG% =A% =D@>;E=@A%QME%\=APD%=ED%DGADG%`=EI=A%EIG%?G>;E=@ADI=HD%`G%I;CG%`=EI%@AG%;Q@EIG?_%$IMDR% =E% =D%IG?G%`G%AGGP% E@% DE;?E% =\%`G%`;AE% E@%J;=A%;%PGGHG?% =AD=JIE%=AE@% `I;E% ;% VHG?D@AX% =DR% @?% ?;EIG?% `I;E% S=AP% @\% L@ALGHED% `G% ;?G%PG;>=AJ%`=EIR%`IGA%`G%;?G%E;>S=AJ%;Q@ME%HG?D@AD%;AP%IM<;A%QG=AJD_%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%7F5%:\_%";<>NA%a713cb%@A%;%D=<=>;?%H?@Q>G<%`=EI%VEIG%D@4L;>>GP%;?JM<GAE%\?@<%;A;>@JN%vzw%$@%MDG%;A;>@JN%QGE`GGA%@M?DG>CGD%;AP%@EIG?D%`G%I;CG%E@%H?GDMHH@DG%EI;E%EI@DG%@EIG?D% ;?G% \=EE=AJ% ?GL=H=GAED% @\% EIG% ;A;>@JNp% ;AP% EI;E% =D% EIG%`I@>G% H@=AE% ;E% =DDMGX%a6F1b_%

> :#7 ! ( * & ! % . & ! * & ( '#$ ? !

!

; C I !

/@% \;?R% .% I;CG% MDGP% EIG% L@ALGHED% VHG?D@AX% ;AP% VIM<;A% QG=AJX%=AEG?LI;AJG;Q>NR% A@E% P`G>>=AJ% @A% EIG% P=\\G?GAE% `;ND% =A% `I=LI% EIGN%I;CG%QGGA%P=DLMDDGP% =A% EIG%I=DE@?N%@\%HI=>@D@HIN_%)G=AJ% DGAD=E=CG% E@%EI=D% P=\\G?GALGR% I@`GCG?R% <=JIE% H?@CG% \?M=E\M>% \@?% EIG% P=DLMDD=@A% E@%\@>>@`%;D%`G>>%;D%\@?%MAPG?DE;AP=AJ%EIG%;LL@MAED%@\%EIG%>@CG%@\%HG?D@AD%@?% IM<;A% QG=AJD% HI=>@D@HIG?D% I;CG% J=CGA_% ,@`R% EIG% L@ALGHE% @\% ;%VHG?D@AXR% DEG<<=AJ% \?@<% EIG% h?GGS% H&(5#-,R% EIG% <;DS% MDGP% QN% EIG%LI;?;LEG?D% =A% EIG% EIG;E?GR% =D% L>@DG>N% >=ASGP% E@% EIG% L@ALGHE% @\%VHG?D@A;>=ENXn% EIG% P=\\G?GAE% HG?D@A;>% E?;=ED% @?% LI;?;LEG?=DE=LD% EI;E%E@JGEIG?%`=EI%D@<G%P=DE=ALE=CG%L;H;L=E=GD%L;A%QG%D;=P% E@%<;SG%MH% EIG%HG?D@A_% .A% <;AN% `;NDR% =E% =DR% EIMDR% ;% HDNLI@>@J=L;>% PGDL?=HE=@A% @\%LG?E;=A%;DHGLED%@\%EIG%=AP=C=PM;>_%.E%;>D@%QG>@AJD%`=EI=A%;%>GJ;>%L@AEGgER%PGEG?<=A=AJ%E@%`I;E%=ADE;ALGD%`G%;?G%E@%;DD=JA%?=JIED%;AP%PME=GD_%$IG%L@ALGHE% @\% ;% IM<;A% QG=AJR% @A% EIG% @EIG?% I;APR% =D% L>@DG>N% L@AAGLEGP%`=EI%@M?% DE;EMD%;D%G<Q@P=GP%QG=AJD_% W@IA%'@LSG% a7125bR% \@?% =ADE;ALGR%<;PG% EIG% L>;DD=L;>% P=DE=ALE=@A% QGE`GGA% EIG% HG?D@A% ;AP% EIG% IM<;A%QG=AJR% ;LL@?P=AJ% E@% `I=LI% VIM<;A% QG=AJX% `;D% E=GP% E@% @M?% Q@P=>N%QG=AJR% `IG?G;D% =E% `;D% L@AD=PG?GP% ;% EIG@?GE=L;>% H@DD=Q=>=EN% EI;E% EIG%VHG?D@AX%L@M>P%QG%;Q>G%E@%<@CG%QGE`GGA%Q@P=GD_%V"M<;A%QG=AJX%;>D@%I;D%DE?@AJ%<@?;>%;AP%A@?<;E=CG%@CG?E@AGD%=A%;%`;N%EI;E%VHG?D@AX%I;D%A@E_%$I=AS%@A>N%@\%EIG%P=\\G?GALGD%QGE`GGA%V!I;E%P@GD%=E%<G;A%E@%QG%;%HG?D@AZX%;AP%V!I;E%P@GD%=E%<G;A%E@%QG%;%IM<;A%QG=AJZX%!IG?G;D%EIG%\=?DE% =AC=EGD% MD% E@% J=CG% ;A% GgH>;A;E=@AR% EIG% DGL@AP% =AC=EGD% MD% E@% DG>\4?G\>GLE=@A_%%

.A% EIG% =AE?@PMLE=@A% .%BM@EGP%/=<@AG%!G=>%`?=E=AJ% EI;E%@AG%L;AA@E%D;NR% Vij@M%P@%A@E% =AEG?GDE%<Gi% vzw% E@% ;A@EIG?%`=EI@ME% L@<<=EE=AJ%;%L?MG>EN% ;AP% @\\GAP=AJ% ;J;=ADE% ^MDE=LGXR% `IG?G;DR% Vj@M?% HG?D@A% P@GD%A@E% =AEG?GDE% <GXR% ;?G% `@?PD% EI;E% VL;A% QG% MDGP% =A% ;A% ;\\GLE=@A;EG%L@ACG?D;E=@A% QGE`GGA% L>@DG% \?=GAPDR% `=EI@ME% ^;??=AJ% MH@A% GCGA% EIG%EGAPG?GDE% AG?CG% @\% EIG=?% \?=GAPDI=HX% a!G=>% 7122R% c7cb_%,@`R%`IG?G;D%EIG?G% ;?G% D=EM;E=@AD% =A%`I=LI%`G%<;N% EI=AS% EI;E% EIG% DGL@AP% HI?;DG%L;HEM?GD%D@<GEI=AJ%=<H@?E;AE%;Q@ME%EIG%;EE=EMPG%@\%>@CGR%;>EI@MJI%=E%=D%\;?% \?@<% QG=AJ% MA=CG?D;>R% EIG% \=?DE% @AG% P@GD% A@E_% OI=>@D@HIG?D%P=DLMDD=AJ% >@CGR% I@`GCG?R% ;?G% @\EGA% DHGL=\=L;>>N% L@ALG?AGP% `=EI% EIG%>@CG% @\% HG?D@AD_% $IMDR% HG?D@A;>% LI;?;LEG?=DE=LD% ;AP% BM;>=E=GD% H>;N% ;A%=<H@?E;AE%H;?E%=A%EIG=?%;LL@MAEDR%`I=>G%EIGN%P@%A@E%P`G>>%;D%<MLI%@A%EIG%L@ALGHE%@\%;%IM<;A%QG=AJ_%%

+ - & $ % + % : !

! !

; C C !

+ + + ! !+'!6#0&!#A!'#2&%.+$3!'9&"+A+"E!

$IG%EI@MJIE%EI;E%<N%>@CG%\@?%N@M%=D%;%Q@AP%E@%D@<G%@\%N@M?%BM;>=E=GD%>G;PD%MD%E@%BM=EG%DE?;AJG%H>;LGDR%=\%`G%E?N%E@%E;SG%=E%DG?=@MD>N_%:@AD=PG?%\=?DE% EIG%`;ND% =A%`I=LI% .%<;N% QG% H?;LE=L;>>N% @CG?\>@`=AJ%`=EI% J?G;E%EI=AJD%E@%D;N%;Q@ME%N@M%=A%>@CG_%.%E;SG%GCG?N%LI;ALG%E@%EI=AS%@?%DHG;S%;Q@ME%N@MR%;AP%L?G;EG%@HH@?EMA=E=GD%E@%P@%D@%`IGA%EIGN%P@%A@E%H?GDGAE%EIG<DG>CGD% A;EM?;>>N_% /MLI% GgH?GDD=@AD% ;HHG;?% E@% QG% `I;E% $;N>@?%a7121b%I;D% =A%<=AP%`IGA%DIG% E;>SD%;Q@ME% EIG%VPGEG?<=A;EG%BM;>=E=GDX%a727b% @\% EIG% @Q^GLE% @\% >@CG_% .% E;>S% ;Q@ME% N@M?% QG;ME=\M>% D<=>GR% N@M?%P;ee>=AJ% `=ER% N@M?% H?@\@MAP% =AEG>>=JGALG% @?% N@M?% J@@P% DGADG% @\%IM<@M?_%.%H@APG?%EIG%;?LI%@\%N@M?%Q;LS%@?%EIG%`;N%N@M%`;>S_%.%LIG?=DI%N@M?% L@ALG?A% \@?% @EIG?D% ;AP% N@M?% DGADG% \@?% PGE;=>D_% $IGDG% ;?G% BM=EG%DHGL=\=L%EI=AJD%EI;E%.%<;N%D;N%;Q@ME%N@MR%;AP%=E%DGG<D%HG?\GLE>N%?=JIE%E@%D;N%EI;E%EIGN%<;EEG?%E@%<G%=A%>@CG_%$IGN%;?GR%;D%=E%`G?GR%EIG%EI=AJD%.%>@CG%,?#0$%N@M_%%

)MER% E@% ?;=DG% @AG% BM=EG% L@<<@A% @Q^GLE=@A% ;J;=ADE% E;S=AJ% EIGDG%EI=AJD% ;D% EIG% ?G;D@AD% \@?% <N% >@C=AJ% N@Mn% =<;J=AG% EI;E% D@<G@AG%=AE?@PMLGP%<G%E@%;A@EIG?%HG?D@A%`I@%L@M>P%;>D@%QG%PGDL?=QGP%=A%EI=D%<;AAG?_% "G% I;D% ;% QG;ME=\M>% D<=>GR% ;% H?@\@MAP% =AEG>>=JGALGR% ;% J@@P%DGADG% @\% IM<@M?_7F8% !@M>P% .% I;HH=>N% ;LLGHE% EI=D% @EIG?% HG?D@A% ;D% ;%DMQDE=EMEG% \@?% N@MR% =\% \@?% D@<G% ?G;D@A% .% `G?G% H?GCGAEGP% \?@<% QG=AJ%`=EI% N@MZ% #DDM<=AJ% EI;E% EIG% >=DEGP% BM;>=E=GD% ;?G% EIG% P@<=A;E=AJ%\G;EM?GD%@\%<N%>@CGR%EIG%H@DD=Q=>=EN%@\%DMLI%DMQDE=EME=@A%P@GD%A@E%DGG<%\;?4\GELIGP_%!@M>P%A@ER%I@`GCG?R%;%<@?G%=AEG>>=J=Q>G%?G;LE=@A%E@%DMLI%;%D=EM;E=@A%QGR%V)ME%=EiD%A@E%N@MoXZ%%

&CGA% =\% N@M% `G?G% E@% >G;CG% <GR% ;AP% .% GCGAEM;>>N% `@M>P% \@MAP%D@<G@AG%VAG`XR% =E% =D%A@E%@QC=@MDR% >GE%;>@AG%H?G4PGEG?<=AGPR% EI;E% EIG%EI=AJD%.%`@M>P%L@<G%E@%>@CG%;Q@ME%IG?%`@M>P%QG%EIG%D;<G%;D%EIG%@AGD%.%;HH?GL=;EGP% =A% N@M_% $IG?G% =D% A@EI=AJ% H?GCGAE=AJ% <G% \?@<% H;N=AJ%;EEGAE=@A%E@%BM=EG%P=\\G?GAE%EI=AJD% =A%EI=D%?G>;E=@ADI=HR% ^MDE%;D%A@EI=AJ%I=APG?D% EI;E% EIG% \G;EM?GD% .% \G>>% \@?% =A% EIG%QGJ=AA=AJ%@\%@M?% >@CG% DE@?N%<;N%QG%EIG%CG?N%@AGD%EI;E%P?=CG%<G%L?;eN%;E%EIG%GAP%@\%=E_%&CGA%=\%EIG%D;<G%DGE%@\%PGDL?=HE=@AD%.%MDGP%;Q@ME%N@M%`@M>P%QG%;HH>=L;Q>G%E@%EI=D%@EIG?%HG?D@AR% EIGN%`@M>P%;>D@%A@E%H>;N% EIG%D;<G%?@>G% =A%<N% >@CG% \@?%IG?_%$@%EI=DR%@AG%<;N%;PP%EIG%@QDG?C;E=@A%EI;E%L@<=AJ%E@%DGG%D@<G@AG%;D% L@ADE;AE>N% \;>>=AJ% \@?% EIG% D;<G% VENHGX% @\% HG?D@AR% `@M>P% =A%<@DE%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%7F8%/GG%)G?GAD@A% a7117R%83481b% \@?%;%D=<=>;?% >=AG%@\%L?=E=L=D<%;AP%;>D@%Y=;<@AP%a6FF5R%76m4765b%;AP%:@LSQM?A%a7131R%2343Fb_%

> :#7 ! ( * & ! % . & ! * & ( '#$ ? !

!

; C = !

L;DGD% A@E% QG% L@AD=PG?GP% ;A% GgH?GDD=@A% @\% >@CG% QME% ;% HDNLI@>@J=L;>%I;AJ4MH_%%

$;S=AJ%;A@EIG?%Gg;<H>G0%D;N%EI;E%;%J@@P%\?=GAP%@\%N@M?D%I;D%\;>>GA%=A%>@CG%`=EI%N@MR%;AP%N@M%?GJ?GE%A@E%QG=AJ%;Q>G%E@%?GDH@AP%E@%I=<%=A%EIG% D;<G%`;N_% j@M% L;?G% \@?% I=<% PGGH>N_% j@M% >@CG% I=<% ;D% ;% \?=GAP_%$IG?G% =D% A@% PGAN=AJ% EI;E% N@M% D=ALG?G>N% ;HH?GL=;EG% I=D% \=AG% BM;>=E=GD%;AP% EI=AS% EI;E% IG% PGDG?CGD% ;>>% EIG% I;HH=AGDD% IG% <=JIE% JGE_%,@AGEIG>GDDR%N@M%\GG>%\@?LGP%E@%D;N%EIG%P?G;PGPR%V$IG%H?@Q>G<%=D%A@E%N@MR%QME%<G_X%.A%DH=EG%@\%;>>%N@M?%J@@P%?G;D@ADR%N@M%P@%A@E%>@CG%N@M?%\?=GAP%=A%EIG%`;N%IG%`;AED%N@M%E@_%*?%=A%EIG%?GCG?DG%L;DG0%N@M%DGG%;>>%EIG% ?G;D@AD% =A% EIG% `@?>P% A@E% E@% >@CG% D@<G@AG_% j@M% ;?G% ;>?G;PN%=AC@>CGP%`=EI% D@<G@AG% G>DG_% j@M% P@% A@E% EI=AS% EI;E% EIG% E`@% @\% N@M%`@M>P%<;ELI_% $IG?G% =D% L@ADE;AE% =??=E;E=@A%`IGAGCG?% EIG% E`@% @\% N@M%<GGE_%jGER%N@M%;DS%N@M?DG>\R%V!IN%L;AiE%.%DE@H%>@C=AJ%IG?ZX%

.A% @EIG?% `@?PDR% `I;EGCG?% .% <;N% D;N% ;Q@ME% ;% HG?D@AiD% DHGL=\=L%BM;>=E=GD%EIG?G%=D%A@%@AG%EI=AJ%EI;E%\@?LGD%<G%@?%N@M%E@%EIG%L@AL>MD=@A%EI;E%.%>@CG_%$I=D%P@GD%A@E%<G;A%EI;E%`I;E%.%D;N%;Q@ME%N@M%<;N%A@E%=A%;AN%`;N% QG% =AP=L;E=CG% @\%<N% \GG>=AJD_%#D%`G% D;`% =A% ?G>;E=@A% E@% EIG%P=DLMDD=@A%@\%QG>=G\D%;AP%G<@E=@ADR%`I;E%.%D;N%;AP%`I;E%.%\GG>%L;A%QG%D;=P%E@%QG%=AEG?A;>>N%?G>;EGPR%=A%EIG%DGADG%EI;E%<N%PGDL?=HE=@AD%@\%N@M%;?G%&LH(&5543&%@\%<N%>@CG%@?%>;LS%@\%>@CG%\@?%N@M_%.%@A>N%`;AE%E@%?G^GLE%EIG% =PG;% EI;E%`G% L@M>P% E?G;E%`I;E% .% D;N% ;Q@ME% N@M% ;D% L?=EG?=;% @\%<N%\GG>=AJD% \@?% N@M_% .E% =D% BM=EG% H@DD=Q>G% EI;E% .% J=CG% EIG% Gg;LE% D;<G%PGDL?=HE=@A%@\%N@MR%;AP%=A%@AG%D=EM;E=@A%D;NR%V#AP%.%>@CG%N@MXR%;AP%=A%;A@EIG?R%V)ME%.%P@%A@E%>@CG%N@MX_%$I=D%DI@M>P%;>G?E%MD%E@%EIG%\;LE%EI;E%D;N=AJ%V.%>@CG%N@MX%=D%A@E%;%L@AL>MD=@A%P?;`A%\?@<%LG?E;=A%\;LED_%

#E% EI=D% H@=AER% N@M% <=JIE% QG% EG<HEGP% E@% ;DSR% X!I;E% =D% =E% EI;E%P=DE=AJM=DIGD%EIGDG%E`@%D=EM;E=@AD%\?@<%G;LI%@EIG?ZX%!I;E%=D%=E%EI;E%=D%<=DD=AJ%`IGA%.%P@%A@E%>@CG%D@<G@AG%=A%EI;E%`;NZ%!I;E%`@M>P%<;SG%<G%?GH>N%P=\\G?GAE>NZ%$IGDG%BMGDE=@AD%;?G% =A%<;AN%`;ND%<=D>G;P=AJR%M?J=AJ%@AG%E@%EI=AS%EI;E%EIG?G%=D%D@<GEI=AJ%H;?E=LM>;?%EI;E%L@ADE=EMEGD%$%&%P=\\G?GALG%QGE`GGA%>@C=AJ%;AP%A@E% >@C=AJ_%"G?GR% .%`@M>P%D;N%EI;E%EIG?G% =D%A@E% ^MDE%@AG%EI=AJ%<=DD=AJR%DMLI%;D%HIND=L;>%;EE?;LE=@A%`I=LI%DGG<D% BM=EG% ;% >=SG>N% DMJJGDE=@AR% QME% <;AN% P=\\G?GAE% EI=AJD% EI;E% ;?G%P=\\G?GAE_%.%P@%A@E%P?G;<%;Q@ME%N@M_%.%P@%A@E%\GG>%EIG%M?JGAE%PGD=?G%E@%<GGE%N@M_%.%P@%A@E%>@AJ%\@?%;%>=\G%E@JGEIG?R%;AP%D@%@A_%

TM?EIG?<@?GR% EIG% =PG;% EI;E% `G% L@M>P% <;SG% DGADG% @\% ;% A@E=@A% @\%BM;>=E=GD% =A% =D@>;E=@A% \?@<% N@M% ;AP% \?@<% EIG% P=\\G?GAE% S=APD% @\%?G>;E=@ADI=H% .%<;N%I;CG%`=EI%N@M% \;LGD% EIG% D;<G%S=AP%@\%P=\\=LM>E=GD%

+ - & $ % + % : !

! !

; C H !

EI;E%`G% H?GC=@MD>N% L@AD=PG?GP% =A% ?G>;E=@A% E@% \GG>=AJD% ;AP% QGI;C=@M?%MAPG?DE@@P%;D%HIND=L;>%<@CG<GAED_7F2%"G?GR%.%`=>>%@LLMHN%<NDG>\%`=EI%E`@%H?@Q>G<D%=A%EI=AS=AJ%EI;E%N@M?%HG?D@A;>%LI;?;LEG?=DE=LD%;?G%;%S=AP%@\% V=AAG?% @Q^GLEDX% EI;E% .% ;AP% @EIG?% HG@H>G% ;>=SG% <;N% GC;>M;EG% =A% ;%D=<=>;?%<;AAG?_%T=?DER%.%`=>>%;?JMG%EI;E%EI=D%P@GD%A@E%;>>@`%\@?%EIG%`;ND%=A%`I=LI%VN@M?X%E?;=ED%L;AA@E%QG%DGH;?;EGP%\?@<%N@MR%@?%\?@<%`I@%N@M%;?G_% $IGAR% .%`=>>% ;?JMG% EI;E% =E% P@GD% A@E% H;N% ;EEGAE=@A% E@% EIG%`;ND% =A%`I=LI% VN@M?X% E?;=EDR% @?%`I@% N@M% ;?GR% L;AA@E% QG% DGH;?;EGP% \?@<% EIG%?G>;E=@ADI=H%.%I;CG%`=EI%N@MR%`I;E%.%Q?=AJ%;Q@ME%=A%N@MR%;AP%`I@%`G%QGL@<G%E@JGEIG?_%%

$IG?G%=D%D@<GEI=AJ%EG<HE=AJ%=A%EIG%EI@MJIE%EI;E%@AG%L@M>P%;QDE?;LE%EIG%BM;>=E=GD%N@M%H@DDGDD%\?@<%N@M_%$IG%DEGH%\?@<%>=DE=AJ%`I;E%.%>@CG%;Q@ME%N@MR%DMLI%;D%N@M?%`;?<EIR%N@M?%D<=>GR%N@M?% =AEG>>=JGALGR%N@M?%S=APAGDDR% ;AP% D@% @AR% E@% D;N=AJ% EI;E% =E% =D% EIG%`;?<EIR% EIG% D<=>GR% EIG%=AEG>>=JGALGR% EIG% S=APAGDD% EI;E% .% (&,88)% >@CG% =D% BM=EG% G;DN% E@% E;SG_% $IG%EG<HE;E=@A%;>D@%QGL@<GD%J?G;EG?%=\%`G%E;SG%=AE@%;LL@MAE%EI;E%`G%@\EGA%E;>S%;Q@ME%=AEG>>=JGALGR%`;?<EIR%D<=>GD%;AP%S=APAGDD%=A%BM=EG%JGAG?;>%EG?<DR% `=EI@ME% <GAE=@A=AJ% `I@DG% =AEG>>=JGALGR% S=APAGDDR% `G% ;?G%EI=AS=AJ%@\_%$IMDR%=E%=D%G;DN%E@%\;>>%H?GN%E@%;%S=AP%@\%=PG;>=D<R%H=LEM?=AJ%=AEG>>=JGALGR%;AP%EIG%>=SGR%;D%D@<GEI=AJ%EI;E%Gg=DED%=A%;%HM?G%\@?<%;AP%;LL@?P=AJ>N% L@AD=PG?=AJ% N@M?% =AEG>>=JGALG% ;D% @AG% =ADE;ALG% @\% EI=D%JGAG?;>%=PG;_%%

"G?GR% ;J;=AR% EIG?G% =D% ?G;D@A% E@% ?G\>GLE% @A% EIG%AGGP% \@?% L@AEGgE% \@?%MAPG?DE;AP=AJ%EIG%<G;A=AJ%@\%LG?E;=A%DGAD;E=@AD%@?%\;L=;>%<@CG<GAED%EI;E% !=EEJGADEG=A% a7112b% P?;`D% ;EEGAE=@A% E@% =A% D;N=AJR% V#% D<=>=AJ%<@MEI% 5'48&5% @A>N% =A% ;% IM<;A% \;LGX% aq53cb_% lG\>GLE=AJ% @A% EIG%Q;LSJ?@MAP%EI;E%=D%AGGPGP%=A%EG?<D%@\%HG?D@A;>>N%SA@`=AJ%;AP%QG=AJ%=A%L@AE;LE%`=EI%;A@EIG?%HG?D@AR%\@?%L@<=AJ%E@%?GL@JA=eG%IG?%D<=>GD%;D%L;?=AJR% I;HHNR% `G>L@<=AJ% @?% =?@A=LR% `G% DI@M>P% ;>D@% H@APG?% EIG%HG?D@A;>%LI;?;LEG?%@\%DMLI%GgH?GDD=@AD_%:@<H;?G%Y_!_%";<>NAR%`I@%`?=EGDR%

#%HIND=@JA@<N% =D% ^MDE%@AG%;DHGLER%;AP%HG?I;HD%;%<=A@?%;DHGLE%@\% ;% HG?D@AR% ;AP% =E% <;N% A@E% >@@<% CG?N% >;?JG% =A% ;% HG?D@A;>%?G>;E=@ADI=H_%!=EI=A%;%HG?D@A;>%?G>;E=@ADI=H%EIG?G%<;N%QG%<MLI%>GDD% MALG?E;=AEN% ;Q@ME% EIG% @EIG?iD% <@@PD% EI;A% EIG% MAP@MQEGP%;<Q=JM=EN%@\%\;L=;>%GgH?GDD=@AD%<;N%DMJJGDE_%a";<>NA%713cR%6c7b%

*AG% L@M>P% D;N% EI;E% N@M?% D<=>G% D<=>GD% @A>N% =A% N@M?% \;LGR%`I=LI% =D% ;D%E?MG% @\% N@M?% S=APAGDDR% =AEG>>=JGALG% ;AP% `;?<EI_% j@MR% ;D% =E% `G?GR%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%7F2%/GG%LI;HEG?%7_%

> :#7 ! ( * & ! % . & ! * & ( '#$ ? !

!

; C @ !

G<Q@PN% N@M?% D<=>GR% =AEG>>=JGALG% @?% S=APAGDD_% :@<=AJ% E@% DGG% N@M% ;D%=AEG>>=JGAE%@?%S=AP% ?GBM=?GD% ;% L@AEGgER% ;AP%N@M% L@ADE=EMEG% ;A% =AEGJ?;>%H;?E%@\%EI;E%L@AEGgE_%.A%L@<=AJ%E@%SA@`%N@MR%.%L@<G%E@%?GL@JA=eG%D@<G%@\%N@M?%;LE=@ADR%N@M?%L@<<GAEDR%N@M?%H@DEM?G%@?%PG<G;A@?%;D%S=APR%.%L@<G%E@%DGG%N@M?%GgH?GDD=@ADR%QGI;C=@M?%;AP%;LE=@AD%;J;=ADE%;A%GCG?%=AL?G;D=AJ%Q;LSJ?@MAP%@\%HG?D@A;>%<GGE=AJD_7F3%"@`GCG?R% EIGDG%`;ND%@\% ;LE=AJ% <;N% =A% ;A@EIG?% HG?D@A% ?;EIG?% DE?=SG% <G% ;D% <@LS=AJ% @?%<=DH>;LGP_%%

$I=D%H@=AED%E@%<N%DGL@AP%@Q^GLE=@A%EI;E%`G%L;AA@E%MAPG?DE;AP%EIG%BMGDE=@A% ;Q@ME% `I@% N@M% ;?GR% @?% `I;E% S=AP% @\% HG?D@A% N@M% ;?GR%=APGHGAPGAE>N% @\% EIG% ?G>;E=@ADI=HD% N@M%I;CG%`=EI% @EIG?% HG@H>GR% ;AP%EIG% ?G>;E=@ADI=HR% ;D% `G>>% ;D% EIG% C4-.% @\% ?G>;E=@ADI=HR% EI;E% .R% `I@%PGDL?=QG%N@MR%I;CG%`=EI%N@M_%$@%;J;=A%BM@EG%";<>NA%%

.A% @?PG?% E@% SA@`% D@<G@AG% `G% <MDE% SA@`% `I;E% HG?D@A;>%?G>;E=@AD%;?GR%`G%<MDE%SA@`%\?@<%GgHG?=GALG%`I;E% =E%<G;AD% E@%DE;AP%=A%HG?D@A;>%?G>;E=@ADR%;AP%`G%<MDE%DE;AP%=A%D@<G%S=AP%@\%HG?D@A;>%?G>;E=@ADI=HD%E@%EIG%HG?D@A%=A%BMGDE=@A_%a";<>NA%713cR%662b%

#D% Y;C=P% :@LSQM?A% H@=AED% @ME% HI=>@D@HIG?D% I;CG% EGAPGP% E@% \;C@M?%;LL@MAED%@\%EI=AJD%;D%EIGN%;?G%=A%EIG<DG>CGD_%"@`GCG?R%GCGA%`IGA%`G%DHG;S% @\% EI=AJD%<;AN% @\% EIG% H?=<;?N% BM;>=E=GD%`G% ;DD=JA% E@% @Q^GLEDR%DMLI% ;D% VD@>=PXR% ;?G% A@E% =APGHGAPGAE% @\% MDR% ;AP% @\% EIG% P=\\G?GAE%?G>;E=@AD%`G%<=JIE%I;CG%E@%EIG<_%YGDL?=Q=AJ%;A%@Q^GLE%;D%VD@>=PX%=D%A@E%;%HM?G%PGDL?=HE=@A%@\%`I;E%EIG%EI=AJ%=D%4-!4$5&8*R%=E%=D%D;N=AJ%D@<GEI=AJ%;Q@ME% I@`% EIG% @Q^GLE% =AEG?;LED%`=EI% @EIG?% @Q^GLEDR% @?%`=EI% @M?DG>CGD%a:@LSQM?A% 7133R% 7mb_% /;N=AJ% EI;E% D@<GEI=AJ% =D% VD@>=PX% <G;AD% \@?%=ADE;ALG% EI;E% .% L;A% E@MLI% =E% `=EI% <N% I;AP_% KN% I;AP% P@GD% A@E% ?MA%EI?@MJI%=E_%.A%@EIG?%`@?PDR%=E%=D%\;?%\?@<%@QC=@MD%`I;E%=E%L@M>P%<G;A%E@%E;>S%;Q@ME%;%PGDL?=HE=@A%@\%EIG%EI=AJ%;D%=E%=D%=A%=EDG>\_%%

$I=D%=D%GCGA%<@?G%;HH;?GAE%`IGA%`G%DHG;S%@\%HG@H>GR%;AP%<@CG%@A%\?@<%DHG;S=AJ%;Q@ME%EIG<%=A%EG?<D%EI;E%;?G%;>D@%;HH>=L;Q>G%E@%@Q^GLEDR%DMLI% ;D% DHG;S=AJ% @\% EIG<% ;D% D@>=P% @?% ;D% I;C=AJ% ;% LG?E;=A%`G=JIER% E@%PGDL?=Q=AJ% HG?D@A;>% H?@HG?E=GD% @?% BM;>=E=GD_% YGDL?=Q=AJ% N@M% ;D% QG=AJ%S=APR% =AEG>>=JGAE% @?% IG>H\M>R% =D% E@% D;N% D@<GEI=AJ% ;Q@ME% EIG% `;ND% =A%`I=LI%N@M%?G>;EG%E@%EIG%HG@H>G%;?@MAP%N@MR%-#$%EI;E%N@M%H@DDGDD%D@<G%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%7F3%V$IG%J?@`EI%=A%@M?%MAPG?DE;AP=AJ%@\%;%HG?D@A%<;N%QG%C=G`GP%;D%;A%=AL?G;DG%=A%@M?%C=D=@A%@\%I=<n%`G%<;N%DGG%I=<%\?@<%;%`=PG?%H@=AE%@\%C=G`R%\?@<%<@?G%;DHGLED_% .E% =D%G;DN%GA@MJI%E@%DGG%EI;E%L>@DG?%?G>;E=@AD%`=EI%;%HG?D@A%<;N%`G>>%H?GDGAE%MD%`=EI%<@?G%;DHGLEDR%GCGA%=\%;%E@@%J?G;E%PGJ?GG%@\%L>@DGAGDD%<;N%D@<GE=<GD%QG%Q>=AP=AJV%a";<>NA%713cR%6c6b_%%

+ - & $ % + % : !

! !

; = G !

BM;>=EN%@\%S=APAGDDR%=AEG>>=JGALG%@?%IG>H\M>AGDD_% .E% =D%A@E%EIG%S=APAGDD%=A% N@M% ;D% ;A% =AAG?% DE;EG% EI;E% GgH>;=AD% N@M?% S=AP% ;LED_% l;EIG?% =E% =D%;J;=ADE% EIG% Q;LSJ?@MAP% @\% N@M?% S=AP% ;LE=@AD% ;AP% ?G;LE=@AD% EI;E% =E%<;SGD%DGADG%E@%;EE?=QMEG%S=APAGDD%E@%N@M_%%

TM?EIG?<@?GR% `I;E% .% D;N% ;Q@ME% N@M% ;>D@% EG>>D% MD% D@<GEI=AJ% @\%<NDG>\_%lGL;>>=AJ%K@AE;=JAGiD%`@?PDR%V)GL;MDG%=E%`;D%I=<R%QGL;MDG%=E%`;D%')5&8*&X% a')! &'H%,545bR% `G% DI@M>P% QG% ;EEGAE=CG% E@% EIG% `;ND% `G%@M?DG>CGD%H>;N%;%H;?E%=A%@M?%MAPG?DE;AP=AJ%@\%@EIG?D_%!I;E%.%D;N%;Q@ME%N@M%<;N%A@E%@A>N%QG%;%EG>>=AJ%?G<;?S%;Q@ME%N@M%aEIG%@AG%`I@%=D%QG=AJ%^MPJGPbR%QME% =D%;D%@\EGA%;D% ?GCG;>=AJ%@\%<G%aEIG%@AG%`I@% =D% ^MPJ=AJb_%$I=D%<;N%QG%D;=P%Q@EI%=A%C=?EMG%@\% EIG%`;ND% =A%`I=LI% .R%<NDG>\R%<;N%Q?=AJ% ;Q@ME% LG?E;=A% ?GDH@ADGD% =A% N@MR% ;AP% =A% C=?EMG% @\% EIG% `;ND% =A%`I=LI%<N%@`A%LI;?;LEG?R%<N%G<@E=@ADR%P=DH@D=E=@AD%;AP%DH@AE;AG@MD%?GDH@ADGDR% DI;HG%<N% ^MPJG<GAE% @\% N@M_% .E%<;NR% \@?% =ADE;ALGR% QG%<N%LIGG?\M>AGDD%EI;E%Q?=AJD%@ME%N@M?%`=LSGP%DGADG%@\%IM<@?%`I=LI%<;N%QG%<@?G%P@`AH>;NGP%=A%@EIG?%?G>;E=@ADI=HD_%%

:@<H;?G%:_/_%'G`=DR%';<Q%D;ND%D@<G`IG?G%EI;E% =\R%@\% EI?GG%\?=GAPD%a#R%)R%;AP%:bR%#%DI@M>P%P=GR%EIGA%)%>@DGD%A@E%@A>N%#%QME%V#iD%H;?E%@\%:RX%`I=>G%:%>@DGD%A@E%@A>N%#%QME%V#iD%H;?E%=A%)_X%.A%G;LI%@\%<N%\?=GAPD%EIG?G%=D% D@<GEI=AJ% EI;E% @A>N% D@<G% @EIG?% \?=GAP% L;A% Q?=AJ% @ME_% )N%<NDG>\%.%;<%A@E%>;?JG%GA@MJI%E@%L;>>%EIG%`I@>G%<;A%=AE@%;LE=C=ENn%.%`;AE%@EIG?%>=JIED%EI;A%<N%@`A%E@%DI@`%;>>%I=D%\;LGED_%,@`%EI;E%:I;?>GD% =D% PG;PR% .% DI;>>% AGCG?% ;J;=A% DGG% l@A;>PiD% ?G;LE=@A% E@% ;%DHGL=\=L;>>N% :;?@>=AG% ^@SG_% T;?% \?@<% I;C=AJ% <@?G% @\% l@A;>PR%I;C=AJ%I=<%VE@%<NDG>\X%A@`%EI;E%:I;?>GD%=D%;`;NR%.%I;CG%>GDD%@\%l@A;>P_%a'G`=D%718FR%87b%%

KN%@`A%G;JG?AGDD%E@%EI?@`%<NDG>\%=AE@%AG`%H?@^GLED%<;N%;>D@%<;SG%<G%<@?G%=AL>=AGP%E@%DGG%@EIG?D%;D%>;eN%EI;A%D@<G@AG%`I@%>GED%EI=AJD%E;SG%EIG=?%E=<G_%%

.A%EI;E%DGADGR%EIG?G%=D%;A%=APGEG?<=A;LN%=A%I@`%`G%L;A%L@<G%E@%DGG%;AP%MAPG?DE;AP%;A@EIG?%HG?D@A%EI;E%=D%PGHGAPGAE%@A%`I;E%`G%Q?=AJ%E@%EIG% ?G>;E=@ADI=H% `=EI% EIG% @EIG?R% ;D% `G>>% ;D% ;A% =APGEG?<=A;LN% =A% EIG%S=AP%@\%?GDH@ADGD%`G%<;N%L@<G%E@%I;CG%E@%EIG%@EIG?_%.%<;N%QG%DE?MLS%QN%^MDE%I@`%BM=LS%.%;<%E@%?GJ;?P%N@M%;D%>;eNR%;AP%DGG%EI=D%;D%;A%;DHGLE%@\%'&R%?;EIG?%EI;A%@\%N@M_%$IG%?G;>=e;E=@A%<;N%QG%GgH?GDD=CG%@\%<N%\G>E%AGGP% E@% LI;AJG_% :@<=AJ% E@% SA@`% `I@% N@M% ;?GR% EIGAR% L;AA@E% QG%DGH;?;EGP% \?@<%L@<=AJ% E@% SA@`%<NDG>\R% L@<=AJ% E@% DGG%Q@EI%`I;E% =D%GgH?GDD=CG% @\% N@MR% `I@% )#0! ;?GR% ;AP% `I;E% =D% GgH?GDD=CG% @\%'&R% <N%HG?D@A;>%@H=A=@AD%;AP%H?G^MP=LGDR%;D%`G>>%;D%<N%PGGHGDE%L@ALG?AD_%%

> :#7 ! ( * & ! % . & ! * & ( '#$ ? !

!

; = ; !

$I=D%=D%A@E%E@%D;N%EI;E%=E%=D%=<H@DD=Q>G%E@%@\\G?%<@?G%@?%>GDD%;LLM?;EG%;LL@MAED%@?%PGDL?=HE=@AD%@\%`I@%D@<G@AG%=D_%$IG%BMGDE=@A%=D%@A>N%`I;E%`G% E;SG% EI=D% E@% GAE;=>_7F1% ,G=EIG?R% =D% =E% ;% PGA=;>% @\% EIG% =<H@?E;ALG% @\%L@<=AJ%E@%DGG%LG?E;=A%H;EEG?AD%@?%QGI;C=@M?%;D%LI;?;LEG?=DE=L%@\%@EIG?D%;AP%@M?DG>CGD%=A%EIG%L@M?DG%@\%@M?%>=CGD_%}M=EG%EIG%L@AE?;?NR%L@<=AJ%E@%DGG%LG?E;=A%EI=AJD%;D%LI;?;LEG?=DE=L%@\%N@MR% EI;E% =DR%QGL@<=AJ%;`;?G%@\%N@M?%<;AAG?DR% N@M?% BM=?SD% ;AP% I;AJ4MHDR% VLGD% HGE=EGD% LI@DGD% BMr@A%\;=E% D;AD% N% HGADG?X% aY=@A% 6FFcR% VEIG% D<;>>% EI=AJD% N@M% P@% `=EI@ME%EI=AS=AJ% ;Q@ME% EIG<XR% ')! $(,-58,$4#-bR% =D% @\EGA% D@<GEI=AJ% EI;E% .%LIG?=DI_% .E% =D% GgH?GDD=CG% @\% EIG% S=AP% @\% L>@DGAGDD% @?% =AE=<;LN% EI;E% =D%=<H>=GP%=A%L@<=AJ%E@%SA@`%D@<G@AGR% EIG%`;ND%=A%`I=LI%.%DGG%)#0% =A%LG?E;=A%PGDL?=HE=@AD%@\%`I;E%N@M%P@_%%

K@?G@CG?R% =E% DI@M>P% QG% DE?GDDGP% EI;E% L@<=AJ% E@% SA@`% D@<G@AG% =D%=APGGP%D@<GEI=AJ%.% >G;?A%=A%EIG%L@M?DG%@\%;% >=\G_% .E% =D%A@E%EI;E%.%SA@`%`I@%N@M%;?GR%;AP%EIG?G\@?G%\;>>%=A%>@CG%`=EI%N@M_%V.A\;EM;E=@AX%;D%O_T_%$I@<dDG%a6FF5b%D;NDR%V=D%;%DE;EG%EI;E%H?GLGPGD%=PGAE=ENX%a3b_%.E%=D%=A%EIG%>=JIE%@\%@M?% >@CG%;AP%@M?% >=\G% E@JGEIG?% EI;E% .%L@<G%E@%SA@`%`I@%N@M%;?GR%;D%`G>>%;D%E@%SA@`%<NDG>\_% .A%@EIG?%`@?PDR%GCGA%=\% =E% =D% E?MG%EI;E%<;AN%BM=EG%DHGL=\=L%EI=AJD%?G>;E=AJ%E@%N@M%;AP%@M?%DI;?GP%>=\G%`=>>%QG%=<H@?E;AE% E@% <G% ;AP% ;% D=JA=\=L;AE% ;DHGLE% @\% @M?% ?G>;E=@ADI=HR% =E% =D%=<H@?E;AE% E@% DGG% EI;E% EIGDG% EI=AJD%P@%A@E% &LH8,4-%<N%Q@AP%`=EI%N@M_%l;EIG?R%=E%=D%<N%Q@AP%`=EI%N@M%EI;E%GgH>;=AD%EIG%=<H@?E;ALG%.%;EE;LI%E@%LG?E;=A% EI=AJD% =A% @M?% ?G>;E=@ADI=H_% #>EI@MJI% EIG?G% =D% A@% H;?E=LM>;?%?G;D@A%\@?%>@C=AJR%<N%>@CGR%E@%H;?;HI?;DG%T?;AS\M?ER%\=>>D%<N%>=\G%`=EI%?G;D@AD_%

+0!6+1+$3!($-!6#0+$3!

'@CGR%EIGAR%P=DE=AJM=DIGD%=EDG>\%\?@<%EIG%@EIG?%G<@E=@ADR%QN%A@E%QG=AJ%P=?GLEGP%;E% D@<G% DHGL=\=L%BM;>=EN%@\% EIG%@Q^GLE_% .A% \;LER% =E% =D%PMQ=E;Q>G%`IGEIG?%=E%=D%<G;A=AJ\M>%E@%LI;?;LEG?=eG%>@CG%;D%;%?G>;E=@ADI=H%QGE`GGA%;%DMQ^GLE%;AP%;A%@Q^GLE%=A%EIG%\=?DE%H>;LGR%EI;E%=DR%;D%;A%G<@E=@A%EI;E%@AG%=AP=C=PM;>% I;D% E@`;?PD% ;A@EIG?R% @?% D@<G% \G;EM?GD% @\% EIG% @EIG?_77F%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%7F1% .% ?GEM?A% E@% EIG% BMGDE=@A% ;Q@ME%`I;E% =E% <;N%<G;A% E@% J=CG% ;% J@@P% PGDL?=HE=@A% @\%;A@EIG?%=A%LI;HEG?%2_%77F%*A% EI=D%A@EG%/@>@<@A%;J?GGD%`=EI%<G% =A%I=D%P=DLMDD=@A%@\% ?G;D@AD_%V)N%GgH>=L=E>N%E;>S=AJ% ;Q@ME% EIG% ?G>;E=@ADI=H% vz% IG% =Dw% E?N=AJ% E@% Q?G;S% P@`A% vz% EIGw% <=DJM=PGP%@AE@>@JN%EI;E%EIG%@Q^GLE%@\%>@CG%=D%EIG%QG>@CGP%;AP%I=D%@?%IG?%H?@HG?E=GD%`I=>G%>@CG%=D%EIG%;EE=EMPG%@?%G<@E=@A%EIG%>@CG?%I;D%$#7,(.%EIG%QG>@CGPX%a/@>@<@A%6FF5R%781b_%

+ - & $ % + % : !

! !

; = D !

TM?EIG?% @AR777% .% `=>>% ;>D@% DMJJGDE% EI;E% `G% EI=AS% @\% EIG% ?G>;E=@ADI=H%QGE`GGA%X.X%;AP%XN@MX%;D%@AG%QGE`GGA%E`@%VDMQ^GLEDXR%@?%?;EIG?%;D%;%`;N%@\%?&4-+% E@JGEIG?_%$I=D%\G;EM?G%;>D@%P=DE=AJM=DIGD%>@CG%\?@<%`I;E%=E%=D%E@%>=SG%D@<GEI=AJ_%lGL;>>%/@>@<@A%D;N=AJ%EI;E%=E%=D%AGCG?%E?MG%EI;E%`G% 84C&% EIG%`I@>G%HG?D@A_%,@`R% ;>EI@MJI% EI=D%<;N%QG% E?MG%@\% >=S=AJR%DHG;S=AJ%;Q@ME%8#3&%=D%;%P=\\G?GAE%<;EEG?_776%'@C=AJ%N@M%P@GD%A@E%I;CG%E@%<G;A% EI;E% .% >=SG%GCG?NEI=AJ%;Q@ME%N@MR%@?%GCGA%CG?N%<MLI_% .%<;N%>=SG%;AP%P=D>=SG%LG?E;=A%;DHGLED%@\%N@MR%QME%`IGA%`G%DHG;S%;Q@ME%>@CG%=E%=D%A@E%EI;E%.%V>@CGX%D@<G%EI=AJD%;Q@ME%N@M%<@?G%EI;A%@EIG?D_%.%P@%A@E%>@CG%LG?E;=A%\;LED0%.%>@CG%)#0_%%

$IG%P=\\G?GALG% EI;E%/@>@<@A% \;=>D% E@%?GL@JA=eG% =D% EIG%@AG%QGE`GGA%G<@E=@A;>%GgH?GDD=@AD%EI;E%;?G%P=?GLEGP%E@`;?PD%D@<G%DHGL=\=L%\G;EM?GD%@\%;%HG?D@AR%;AP%GgH?GDD=@AD%EI;E%L@ADE=EMEG%;%LG?E;=A%`;N%@\%$0(-4-+!$#%;% HG?D@A_% !G% L@M>P% L;>>% EI=D% ;% P=\\G?GALG% QGE`GGA% $(,-54$43&% ;AP%4-$(,-54$43&%GgH?GDD=@AD0%DE;EG<GAED% EI;E%I;CG%;A%@Q^GLE%;AP%@AGD% EI;E%P@% A@E_77c% $I=ASR% \@?% =ADE;ALGR% ;Q@ME% EIG% `;ND% =A% `I=LI% .% <;N%D@<GE=<GD% QG% ;Q>G% E@% ;?E=LM>;EG%`I;E% =E% =D% =A% N@M% EI;E% .%<=DD_% .%<=DD%N@M?%`;?<EIR% N@M?% ;?<DR% N@M?% D<=>GR% N@M?% L@<\@?ER% N@M?% ^@SGDR% EIG%`;N%N@M%H?@A@MALG% LG?E;=A%`@?PD_%#E% @EIG?% E=<GD% .% L;AA@E%H@=AE% E@%;ANEI=AJ%=A%H;?E=LM>;?%EI;E%.%<=DD_%.%<=DD%)#0_%%

TM?EIG?<@?GR%V>=S=AJX%=AC@>CGD%H?G\G?GALGD%=A%;%`;N%EI;E%=D%P=DE=ALE%\?@<% >@CG_77m% $@% D;N% EI;E% .% >=SG% D@<GEI=AJ% =D% ;%`;N% @\% D;N=AJ% EI;E% .%H?G\G?% @AG% EI=AJ% E@% ;A@EIG?_% .\% .% L;A% LI@@DG% QGE`GGA% LI@L@>;EG% =LG%L?G;<%;AP%C;A=>>;R%.%LI@@DG%LI@L@>;EGR%QGL;MDG%.%>=SG%EI;E%<@?G_%'@CGR%I@`GCG?R% =D% A@E% ;Q@ME% QG=AJ% H>G;DGP% `=EI% D@<G@AGR% A@?% ;% `;N% @\%H?G\G??=AJ% @AG% HG?D@A% E@% ;A@EIG?R% @?% D@<G% BM;>=E=GD% E@% D@<G% @EIG?D_%l;EIG?% <N% >@CG% =AC@>CGD% @HGA>N% G<Q?;L=AJ% N@M% ;D% ;A@EIG?% IM<;A%QG=AJR% H?@<=D=AJ% E@% DE;AP% QN% N@M% ?GJ;?P>GDD% @\% `I;E% I;HHGAD% ;AP%?GJ;?P>GDD% @\% `I;E% N@M% P@_% $I=D% =D% @AG% `;N% =A% `I=LI% `G% <;N%MAPG?DE;AP% >@CG% ;D% G<Q@PN=AJ% ;A% ;QD@>MEG% HG?DHGLE=CG0% =E% =D% A@E%?G>;E=CG%E@%LG?E;=A%\G;EM?GD%@\%N@MR%QME%;A%;EE=EMPG%E@`;?PD%;AP%;%Q@AP%`=EI%N@M%;D%;A%=??GPML=Q>N%@EIG?%IM<;A%QG=AJ_%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%777%/GG%LI;HEG?%D=g_%776%$IG%P=DE=ALE=@A%QGE`GGA%>=S=AJ%;AP%>@C=AJ%.%`;AE%E@%<;SG%MDG%@\%IG?G%P@GD%A@E%I;AJ%MH@A% EIG% DHGL=\=L%`@?PD%`G% MDG% =A% P=\\G?GAE% D=EM;E=@AD_% .% ;<% ;>D@% A@E% DGEE=AJ% P@`A%?M>GD% \@?%I@`% EIG%`@?PD% ;?G% E@% QG% MDGP_% V'@CGX%<;N%QG%MDGP% ;D% ;% DE?@AJ%`@?P% \@?%>=S=AJ%;AP%V>=SGX%<;N%;>D@%QG%MDGP%=A%EIG%D;<G%DGADG%;D%V>@CGX_%77c%';?D%"G?EeQG?J%\=?DE%<;PG%EI=D%P=DE=ALE=@A%QGE`GGA%E?;AD=E=CG%;AP%=AE?;AD=E=CG%`;ND%@\%DHG;S=AJ%=A%;%L@ACG?D;E=@A%;Q@ME%LI;AJG_%%77m%.%P=DLMDD%EI=D%<@?G%=A%LI;HEG?%8_%

> :#7 ! ( * & ! % . & ! * & ( '#$ ? !

!

; = < !

$IG%\;LE%EI;E%`G%@\EGA%\;=>%E@%>=CG%MH%E@%EIG%PG<;APD%@\%>@CG%@?%HM>>%;`;N%\?@<%=ER%;AP%GDHGL=;>>N%DGgM;>%>@CGR%`IGA%=E%A@%>@AJG?%H>G;DGD%MDR%P@GD%A@E%<;SG%EI=D%>GDD%E?MG_%,@E%GCGA%=\%`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iD%H?@^GLE%;D%;%`I@>G_%"G%`;AED%E@%DI@`%EI;E%>@CG%=D%A@E%;ANEI=AJ%@ME%@\%EIG%@?P=A;?NR%EI;E%=E%=D%BM=EG%<MAP;AGR%QME%DE=>>%IG%P@GD%A@E%`;AE%E@%?G<@CG%=ED%D=JA=\=L;ALG%=A%@M?%>=CGD_%"G%<;=AE;=AD%EI;E%;>EI@MJI%=E%=D%A@E%GDDGAE=;>R%=E%L;A%DE=>>%QG%EIG%J?G;EGDE%EI=AJ%EI;E%GCG?%I;HHGAD%E@%MD_%a/GG%G_J_%EIG%Q;LS%L@CG?%@\%/@>@<@A%711F_b%

/@>@<@A%L?=E=L=eGD%D;N=AJ% EI;E%`G% >@CG% EIG%V`I@>G%IM<;A%QG=AJXR%EIG% D@M>R% @?% EIG% VE@E;>% HG?D@AX% ;D% ;% <GE;HIND=L;>% <@CG_% Vv.wE% =D% ;A%;C@=P;ALG%@\%QG=AJ%L@<H;?GP%@?%GC;>M;EGP% =A%;AN%`;N%;D% =\R% =A% >@CGR%DEMH=P=EN% ;AP% >;LS% @\% L@AD=PG?;E=@AR% D>@CGA>=AGDD% ;AP% >;eN% DG>\4=APM>JGALG% ;>>% `=>>% QG% E@>G?;EGP% `=EI@ME% BMGDE=@AX% a/@>@<@A% 711FR%785b_%,@`R%;D%\@?%EIG%`;ND%=A%`I=LI%/@>@<@A%EI=ASD%EI;E%L@<H;?=D@AD%;AP% GC;>M;E=@AD% P@% QG>@AJ% E@% >@CGR% IG% =D% ?GDH@AD=Q>G% \@?% <;S=AJ% ;%L@AC=AL=AJ%;?JM<GAE%\@?%EI;E%L;DG_%$IG%DMJJGDE=@A%EI;E%`I;E%.%L;>>GP%@HGA>N%G<Q?;L=AJ%;A@EIG?%IM<;A%QG=AJ%`@M>P%QG%L@ADE=EMEGP%QN%;A%;C@=P;ALG%@\%L?=E=L=D<%;AP%;%E@>G?;ALG%@\%DEMH=P=ENR%I@`GCG?R%P@GDR%\@?%EIG%H?GDGAE%HM?H@DGDR%DE;AP%=A%AGGP%@\%?GDH@ADG_%%

.E% =D% EG>>=AJ% EI;E% /@>@<@A% ;D% ;% H?@H@AGAE% \@?% ?G;D@AD% \@?% >@CGR%DI@M>P%@A>N%QG%;Q>G% E@%<;SG%DGADG%@\% EIG%MAL@AP=E=@A;>%PG<;APD%@\%>@CG%;D%;%Q>=AP%E@>G?;ALGR%D=ALG%=E% =D%H?GL=DG>N%=A%DMLI%P=DLMDD=@AD%EI;E%`G%;?G% =AC=EGP% E@% EI=AS%@\% >@CG%;D%;%\@?<%@\% >MSG`;?<%E@>G?;ALG%;AP%;LLGHE;ALG_% lGJ;?P=AJ% EIG% ?G>;E=@ADI=H% @\% >@CG% ;D% ;A% GgLI;AJG%QGE`GGA%E`@%=AP=C=PM;>D%`=EI%<@?G%@?%>GDD%PG\=A=EG%`=>>D%;AP%=AEG?GDED%EM?AD% EIG=?% ?G>;E=@ADI=H% =AE@% D@<GEI=AJ%`I=LI% =D% =A% L@ADE;AE% AGGP% @\%<MEM;>% ;P^MDE<GAE% ;AP% L@<H?@<=DG_% $IG% >GDD% >=SG;Q>G% \G;EM?GD% @\% ;%HG?D@AR%`I=LI% =E% =D% ;J?GGP% EI;E% GCG?NQ@PN%I;DR% ;>EI@MJI% =A%P=\\G?GAE%PGJ?GGDR% ;?G% L@AD=PG?GP% E@% QG% D@<GEI=AJ% EI;E% `G% <MDE% L@<G% E@%@CG?>@@SR%E@>G?;EG%@?%;LLGHE%=A%>@CG_%#>EG?A;E=CG>NR%>@CG%=D%L@ALG=CGP%;D%QG=AJ%L@ADE=EMEGP%QN%EI=D%`;N%@\%@CG?>@@S=AJR%E@>G?;E=AJ%;AP%;LLGHE=AJ%MAH>G;D;AE%BM;>=E=GD%`IG?G;D%=E%=D%D;=P%E@%LIG?=DI%EIG%@AGD%EI;E%H>G;DG_%#D% @AG% D;NDR% VEIG% J@@P% D=PGD% =A% D@<G@AG% @ME`G=JI% EIG% Q;P% @AGDXR%

+ - & $ % + % : !

! !

; = B !

DMJJGDE=AJ%EI;E%.%I;CG%E@%E@>G?;EG%@?%;LLGHE%EIG%BM;>=E=GD%.%P@%A@E% >=SG%\@?%EIG%D;SG%@\%EI@DG%.%>=SG_%

/MLI%;%LI;?;LEG?=e;E=@A%@\%>@CG%DE?=SGD%<G%;D%@\\%EIG%<;?S%=A%;E%>G;DE%EIG% \@>>@`=AJ% EI?GG% ?GDHGLED_% T=?DER% =E% ;DDM<GD% EI;E% =A%<;S=AJ% DMLI%;%>=DE%@\%EI=AJD%`G%>=SG%;AP%P=D>=SG%=A%HG@H>GR%`I;E%=D%VJ@@PX%;AP%VQ;PX%@HG?;EG% @A% EIG% D;<G% DL;>G_% $I=D% =D% ;% A@E=@A% EI;E% /=<@AG% !G=>% I;D%L?=E=L=eGP%QN%H@=AE=AJ%@ME%EIG%;DN<<GE?=GD%QGE`GGA%J@@PAGDD%;AP%GC=>%aL\_%G_J_%!G=>%7122R%c364c3cb_%$I;E%=DR%GCGA%=\%N@M%`@M>P%<;SG%;%>=DE%@\%EI=AJD%N@M% >=SG% =A%<G%;AP% EIG% EI=AJD%N@M%P@%A@E% =E% =D%A@E%J=CGA% EI;E%N@M?% >@CG% `@M>P% @A>N% QG% ^MDE=\=GP% =A% L;DGD% =A% `I=LI% EIG% >=DE% @A% EIG%J@@P%D=PG%=D%>@AJG?_%%

/GL@APR% =E% P@GD%A@E%P=DE=AJM=DI% QGE`GGA%P=\\G?GAE%`;ND% =A%`I=LI%`G%<;N%DHG;S%@\%@EIG?Di%\;=>M?GD%;AP%@M?%@`A_%$IG%H?@H@DGP%VAGGPX%E@%E@>G?;EG%@?%;LLGHE%;A@EIG?iD%P=D>=SG;Q>G%BM;>=E=GD%<;=A>N%;?=DGD%`=EI%L@ALG?A%E@%\G;EM?GD%@\%EIG%@EIG?%EI;E%=A%@AGiD%P;=>N%PG;>=AJD%<;N%H?@CG%E@% QG% =??=E;E=AJ_% .E% <;N% QG% EIG% @EIG?iD% =ADGLM?=EN% ;AP% DINAGDD% =A%<GGE=AJ%AG`%HG@H>GR%IG?%>;e=AGDD%=A%JGEE=AJ%MH%=A%EIG%<@?A=AJR%@?%IG?%Q;P%I;Q=E%@\% >G;C=AJ%Q?G;PL?M<QD%@A%EIG%E;Q>G%;\EG?%G;E=AJ_% .E%DI@M>P%QG%H@=AEGP%@ME%EI;E%=E%=D%LI;?;LEG?=DE=L%@\%DMLI%DI@?EL@<=AJD%EI;E%EIGN%;?G%@A>N%DI@?EL@<=AJD%E@%EIG%GgEGAE%EI;E%@EIG?DR%@?%@AGDG>\R%;?G%=??=E;EGP%QN%EIG<_%)ME%GCGA%=\%`G%<;N%;J?GG%`=EI%EIG%AGGP%E@%(&@#-@48&!`=EI%I@`%EIG%@EIG?%=D%=A%L;DGD%=A%`I=LI%`G%P@%A@E%DMLLGGP%=A%\=AP=AJ%;AN%@EIG?%L@<<@A% D@>ME=@AR% @?% D=<H>N% P@% A@E% EI=AS% =E% =D% D@<GEI=AJ% E@% QG% D@%`@?SGP% MH% ;Q@MER% `G%<;N% BMGDE=@A%`IGEIG?% ?GL@AL=>=AJ%`=EI% EIGDG%;DHGLED%@\%@M?%>=\G%E@JGEIG?%=D%QGDE%L@ADE?MGP%;D%;%<;EEG?%@\%E@>G?;E=AJ%G;LI%@EIG?iD%DI@?EL@<=AJD_%%

KN% EI=?P% @Q^GLE=@AR% EIG?G\@?GR% J@GD% ;J;=ADE% ?GJ;?P=AJ% >@CG% ;D% ;%\@?<%@\%E@>G?;ALG_%l;EIG?%EI;A%?;=D=AJ%<NDG>\%E@%;%H@D=E=@A%\?@<%`I=LI%.%<;N%^MPJG%N@M%;D%\;M>EN%QME%J?;LG\M>>N%GgEGAP%<N%E@>G?;ALG%E@`;?PD%N@M?%\;M>EDR%EIG%PG<;AP%@\%>@CG%;DSD%<G%E@%BMGDE=@A%;AP%`@?S%@A%<N%@`A% ?G;LE=@AD% E@`;?PD% N@M_%!IN% DI@M>P% .% ;DDM<G% EI;E%`IGAGCG?% .%P=D>=SG% D@<GEI=AJR% N@M% ;?G% EIG% @AG% =A% AGGP% @\% LI;AJGZ% "G?GR% EIG%L@<<;AP%E@%V>@CG%N@M%;D%N@M%;?GX%=D%;%?GL@JA=E=@A%EI;E%IM<;A%QG=AJDR%=AL>MP=AJ%@AGDG>\R%PGDH=EG%EIG=?%QGDE%=AEGAE=@ADR%<;N%J@%`?@AJ%;AP%\;=>%=A%`I;E%EIGN%P@_775%%

.A%EI=D%?GDHGLER%EIG%`;ND%=A%`I=LI%.%<;N%L@<G%E@%DGG%N@M%=A%>@CG%;?G%D=<=>;?%E@%EIG%`;ND%=A%`I=LI%.%<;N%DGG%<NDG>\R%<N%DI@?EL@<=AJD%;AP%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%775% :@<H;?G% EI=D% E@%!=EEJGADEG=AiD% a7113b% ?G<;?SR% Vj@M% L;A% @HGA% N@M?DG>\% E@% @EIG?D%@A>N%@ME%@\%;%H;?E=LM>;?%S=AP%@\% >@CG_%!I=LI%;LSA@`>GPJGD%;D% =E%`G?G%EI;E%`G%;?G%;>>%`=LSGP%LI=>P?GAX%a56Gb_%

> :#7 ! ( * & ! % . & ! * & ( '#$ ? !

!

; = I !

=<HG?\GLE=@AD% ;D%`G>>% ;D% DE?GAJEID_% .%<;N%A;J%;Q@ME% GCG?NEI=AJR% ;AP%H@=AE% @ME% GCG?N% H?@Q>G<;E=L% PGE;=>R% @?% .% <;N% GgLMDG% ;>>% \;M>ED% ;AP%`G;SAGDDGD_%,GCG?EIG>GDDR%.%<;N%;>D@%?GL@JA=eG%EI;E%EIG?G%;?G%`;ND%=A%`I=LI%.%;<%H?@Q;Q>N%AGCG?%J@=AJ%E@%P?;DE=L;>>N%LI;AJG%;>EI@MJI%.%<;N%`=DI% E@% P@% D@pHG?I;HD% .% `=>>% AGCG?% QG% GgLG>>GAE% ;E% D<;>>% E;>S% @?%<;A;JG% E@%SGGH%<N%PGDS% E=PNp`=EI@ME% \@?% EI;E% D;SG%QG;E=AJ%<NDG>\%MH%;Q@ME%=E%@?%J=C=AJ%MH%EIG%PGD=?G%E@%P@%QGEEG?%=A%EIG%\MEM?G_%%

$IG%DMJJGDE=@A% EI;E% >@CG% EG>>D%<G% E@% E@>G?;EG% EIG%@EIG?iD% \;=>M?GD% =D%GCGA% <@?G% <=DJM=PGP% `IGA% `G% <@CG% \?@<% DHG;S=AJ% ;Q@ME% DMLI%VGCG?NP;NX%DI@?EL@<=AJD% E@%<@?;>% \;=>M?GDR% DMLI%;D%QG=AJ%MA?G>=;Q>GR%PGLG=C=AJ% @?% =AD=ALG?GR% DI@`=AJ% ;% >;LS% @\% L@AD=PG?;E=@A% ;AP%L@<H;DD=@A%\@?%@EIG?%HG@H>GR%;AP%D@%@A_%$IG%PG<;AP%@\%>@CG%P@GD%A@E%EG>>%<G%E@%?GL@JA=eG%EI;E%N@M%P@%D@<GEI=AJ%`?@AJ%QME%;LLGHE%=ER%A@?%E@%?G<;=A%=AP=\\G?GAE%E@%N@M?%\;M>ED_%.E%L;>>D%<G%E@%L@A\?@AE%N@M%`=EI%EIG%`?@AJD%N@M%I;CG%L@<<=EEGP%;AP%;`;SGA%=A%N@M%EIG%=AD=JIE%EI;E%N@M%AGGP%E@%LI;AJG_%

l;EIG?% EI;A% H=LEM?=AJ% N@M?% HG?D@A% ;D% ;% L@<H>Gg% @\% HDNLI@>@J=L;>%\;LED% E@%`I=LI% .% D=<H>N%AGGP% E@% \=AP%;%`;N% E@%?G;LER% 778%`G%L@M>P%D;N%EI;E% EIG% ;EE=EMPG% @\% >@CG% =D% LI;?;LEG?=eGP% QN% ;% %#H&% *#(! @%,-+&_% $I=AS%@A>N% @\% I@`R% Vj@M%`=>>% AGCG?% LI;AJGoX% L;A% QG% MEEG?GP% ;D% `@?PD% @\%P=D;HH@=AE<GAER% ?GCG;>=AJ%<N% ?G\MD;>% E@% L@AE=AMG% E;>S=AJ% `=EI% N@MR%;AP%;D%DMLI%QG%GgH?GDD=CG%@\%<N%>;LS%@\%@?%\;=>M?GD%E@%>@CG_%$`@%\;LED%;Q@ME%LI;AJG%;HHG;?%E@%DHG;S%;J;=ADE%EI=D%H=LEM?G0%%

a7b% OG@H>G% LI;AJG% =A% EIG% L@M?DG% @\% ;% >=\G_% $IGN% J?@`% @ME% @\% EIG=?%=ADGLM?=E=GDR%E?;=A%;`;N%Q;P%I;Q=ED%;AP%;LBM=?G%AG`%@AGDR%EIGN%QGL@<G%Q=EEG?%@?%IM<Q>G%EI?@MJI%EIG%P=\\=LM>E=GD%EIGN%GAL@MAEG?R%EIGN%LI;AJG%=AEG?GDEDR% `@?S% @?% I@QQ=GD_% $I=D% J@GD% @A% =APG\=A=EG>N_% /@<G% @\% EIGDG%LI;AJGD% <;N% QG% DGGA% ;D% \@?% EIG% QGEEG?% `IG?G;D% @EIG?D% ;?G% \@?% EIG%`@?DGR% ;AP% <;AN% <;N% \@?% EIG% <@DE% H;?E% A@E% I;CG% ;AN% H;?E=LM>;?%<G;A=AJ%;EE;LIGP%E@%EIG<_%%

a6b%OG@H>G%P@%A@E% @A>N% LI;AJG% QME% ;>D@% J?@`R% ;AP% >@CG%<;N%QG% ;%L?ML=;>%H;?E%@\%EI=D%J?@`EI_%'@CG%<;N%@\\G?%MD%EIG%DE?GAJEI%E@%L@<G%@ME%@\% PGDE?MLE=CG% H;EEG?ADR% \;L=AJ% @M?DG>CGD% ;AP%`I;E%`G%I;CG% P@AG_% .E%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%778%"G?G%.%;>D@%\GG>%EI;E%EIG?G%=D%;%EGAD=@A%=A%/@>@<@AiD%@`A%`?=E=AJ_%*A%EIG%@AG%I;AP%IG%`;AED% E@% ?GJ;?P% =PGAE=EN% ;D% @HGA% ;AP% L?G;EGP% =A% =AEG?;LE=@A%`=EI% @EIG?DR% QME% =A%@EIG?%H>;LGDR%IG%DGG<D%E@%?GJ;?P%D@<G@AGiD%=PGAE=EN%;D%<@?G%@?%>GDD%DE;Q>G_%$I=D%<;N%QG% GgH>;=AGP%QN% EIG% E=<G%J;H%QGE`GGA%Q#3&e! T'#$4#-6!:)$%! ,-.!:&$,H%#(% a@?=J=A;>>N%HMQ>=DIGP% =A% 7137b% ;AP% U?#0$! Q#3&e! /&4-3&-$4-+! /#',-@&! *#(! [0(! "4'&5! a711mbR% EIG%EIG<G%@\%DI;?GP%=PGAE=EN%QG=AJ%GgH>@?GP%=A%J?G;EG?%PGE;=>%=A%EIG%>;EEG?_%,GCG?EIG>GDDR%.%EI=AS%EI=D%EGAD=@A%L;A%QG%DGGA%;>D@%=A%EI;E%`@?S_%%

+ - & $ % + % : !

! !

; = C !

<;N%H?@C=PG%;%DM??@MAP=AJ%;AP%;%>=JIE%=A%`I=LI%`G%P;?G%E@%Q?=AJ%MH%H;=A\M>%<G<@?=GD% ;AP%L@A\?@AE%@M?%H;DER% ;AP% =E%<;N% \=>>%MD%`=EI% EIG%HG;LG%@\% \@?J=CGAGDD% ;AP% EIG%I@HG% \@?% ;% \MEM?G% =A%`I=LI%@M?%LI@=LGD%<;N%QG%P=\\G?GAE_%%

#%<=D?G;P=AJ%@\%EI=D%I@HG%\@?%LI;AJG%`@M>P%QG%E@%MAPG?DE;AP%=E%=A%EG?<D% @\% EIG% `@<;A% `I@% GAEG?D% ;% ?G>;E=@ADI=H% `=EI% ;% <;A% @EIG?D%PGG<%;D%I@HG>GDDR%`=EI%EIG%DGE%=AEGAE=@A%EI;E%IG?%>@CG%`=>>%LI;AJG%I=<_%/MLI%;A%;EE=EMPG%=D%;%<G?G%L;?=L;EM?G%=A%EI;E%EIG%`@<;A%=D%A@E%@HGA%E@%`I;E% =E% <;N% E?M>N% <G;A% E@% LI;AJG% =A% EIG% >=JIE% @\% >@CG_% l;EIG?% IG?%;EE=EMPG%?GCG;>D%;%Q>=APAGDD%Q@EI%E@`;?PD%EIG%<;A%;AP%E@%IG?DG>\_%/IG%E?=GD%E@%H?GDD%I=<%=AE@%;%LG?E;=A%H=LEM?G%@\%`I;E%DIG%`;AED%I=<%E@%QGR%QME% DIG%P@GD%A@E%;DS%`IGEIG?% DIG% E@@%L@M>P%QG% =A%AGGP%@\%LI;AJG%@?%`I;E% EIG=?% ?G>;E=@ADI=H% L@M>P% Q?=AJ% ;Q@ME% =A% IG?_% :@AE?;?N% E@% EI=D%;EEG<HE%E@%\@?LG%D@<G@AG%E@%LI;AJG%;LL@?P=AJ%E@%@AGiD%@`A%=AEG?GDEDR%EIG%L@<<;AP%E@%V>@CG%N@M%\@?%`I@%N@M%;?GX%=D%?;EIG?%;A%=A^MALE=@A%E@%?G>G;DG%<NDG>\%@\%;AN%H?G4J=CGA%H=LEM?G%.%<;N%<;SG%@\%`I@%N@M%;?G_%.%DI@M>P% A@E% ^MPJG% N@M% E@@% BM=LS>N% QME% DE;AP% QN% N@M% @A% EIG% ?@;P% E@%LI;AJGR%N@M?D%;D%`G>>%;D%<=AG_%

0!7$"#$-+%+#$(6!6#0&!

$IG% LI;>>GAJG% \@?% ;% HI=>@D@HI=L;>% ;LL@MAE% @\% >@CG% =D% EIMD% E@%L@ALGHEM;>=eG%=E% =A%DMLI%;%`;N%EI;E%=E%P@GD%A@E%DE;AP%=A%@HH@D=E=@A%E@%LI;AJG%;AP%;>D@%L;HEM?GD%EIG%,?5#80$&%D=JA=\=L;ALG%N@M%I;CG%\@?%<G%=A%>@CG_% .E% AGGPD% E@% DHG>>% @ME% `I;E% =E% <G;AD% \@?% >@CG% E@% QG% E?M>N%MAL@AP=E=@A;>R% EI;E% =DR% =A%`I;E%`;ND% =E% =D%A@E% ?G>;E=CG% E@% EIG%P=\\G?GAE%`;AEDR%AGGPD%@?%H?G\G?GALGD%.%<;N%I;CG%`=EI%L@ALG?A%E@%@EIG?DR%A@?%E@%EIG%H>G;DM?GD%.%<;N%\=AP%=A%@?%EIG%MDGD%.%<;N%<;SG%@\%EIG<_%.%D;N%EI=D%`G>>% ;`;?G% @\% EIG% \;LE% EI;E%<;AN% HI=>@D@HIG?D%`@M>P% @A>N% ;EE?=QMEG%EIG%HM?=EN%@\%MAL@AP=E=@A;>%>@CG%E@%<@EIG?>N%>@CG%@?%D;=AE>N%>@CGR%=\%E@%;AN% >@CG% =A% EIG% \=?DE% H>;LG_% #>>% @EIG?% \@?<D% @\% >@CG% ;?G% <@DE>N%L@AD=PG?GP% E@% QG% H@>>MEGP% QN% @M?% >GDD% HM?G% `;AED% ;AP% =AEG?GDED% ;%J?G;EG?%@?%>GDDG?%GgEGAE_%,@AGEIG>GDDR%.%<;=AE;=A%EI;E%=E%<;SGD%DGADG%E@%Q?=AJ% EI=D% ;QD@>MEG% @?% MAL@AP=E=@A;>% P=<GAD=@A% ;D% ;% PG<;AP% =AE@%GCG?N%IM<;A%?G>;E=@ADI=H%=A%`I=LI%>@CG%=D%;%BMGDE=@A_%%

"G?GR% =E%<;N%IG>H% E@%G<HI;D=eG% EI;E%`IGA% .% DHG;S%@\% >@CG% =A% EI=D%L@AEGgE%.%;<%DHG;S=AJ%;Q@ME%=E%;D%;%PG<;APR%;%>=JIE%=A%`I=LI%`G%<;N%;PP?GDD% @M?% ?G>;E=@ADI=HDR% ;AP% A@E% ;Q@ME% EIG% ;LEM;>% ?G>;E=@ADI=HD% @\%HG@H>G%`I@%>@CG%G;LI%@EIG?_%$IGDG%<;N%`G>>%QG%L@>@M?GP%QN%<@?G%@?%>GDD%A@Q>G%;DH=?;E=@ADR%@\%`I=LI%>@CG%=D%@A>N%@AG_%TM?EIG?<@?GR%.%P@%-#$%

> :#7 ! ( * & ! % . & ! * & ( '#$ ? !

!

; = = !

?GJ;?P%@M?%DMLLGGP=AJ%E@% 843&!0H% E@%EIGDG%PG<;APD%;D%;%L@AP=E=@A%\@?%QG=AJ%;Q>G%E@%;EE?=QMEG%>@CG%E@%MD_%l;EIG?%EIG%(&@#+-4$4#-!EI;E%EIG?G%;?G%DMLI%PG<;APD%=D%;%LGAE?;>%;DHGLE%@\%>@CG_%%

*AG%@\%EIG%J?G;EGDE%H?@Q>G<D%`=EI%;AN%;LL@MAE%@\%?G;D@AD%\@?%>@CGR%EIGAR% =D% EI;E% =E% <;SGD% >@CG% L@AP=E=@A;>_% $IG% HI=>@D@HIG?D% PG\GAP=AJ%?G;D@AD%\@?%>@CG%;?JMG%EI;E%>@CGR%=A%;%H;?E=LM>;?%?G>;E=@ADI=HR%@?%@A%EIG%`I@>GR% =D% D@<GEI=AJ% EI;E% =D% J@@P% \@?% MDR% D@<GEI=AJ% EI;E%<;N% D;E=D\N%@M?%`;AED% ;AP%AGGPD_% .A% EI;E% DH=?=ER%h;Q?=G>G%$;N>@?% a7121b%PGDL?=QGD%>@CG%;D%;%VJ=CG4;AP4E;SG%?G>;E=@ADI=HX%=AE@%`I=LI%=E% =D%V`@?EI%`I=>GX%E@%GAEG?%a727R%72mb_%%

,@`R% EIG?G% ;?G% <;AN% `;ND% =A% `I=LI% >@CG% <;N% QG% J@@P% \@?% MD_%O?GDGAE=AJ% EIGDG% ;D% @M?% ?G;D@AD% \@?% >@C=AJR% I@`GCG?R% P@GD% A@E% H;N%;EEGAE=@A% E@% ;A% =<H@?E;AE% ;DN<<GE?N% QGE`GGA%J=C=AJ% ;AP% ?GLG=C=AJR%A@E%E@%<GAE=@A%E;S=AJR%=A%>@CG_%#D%T?;ALGD%)G?GAD@A%a7117b%H@=AED%@MER%EIG%VJ=CG4;AP4E;SGX%$;N>@?%PGDL?=QGD%L;A%QG%;A%;DHGLE%@\%>@CGR%;D%`G>>%;D% @\% GCG?N% IM<;A% ?G>;E=@ADI=HR% QME% =E% =D% Q;DGP% @A% V;% DG?=@MD%<=DL@ALGHE=@A%@\%J=C=AJ%;D%=AC@>C=AJ%D;L?=\=LG%;D%EIG%?G`;?P%@\%E;S=AJX%a23b_%/IG%L@AE=AMGD0%

'@CGR%;Q@CG%;>>R%=D%;Q@ME%^@N@MD%J=C=AJ%@\%@AGDG>\R%@\%@AGiD%E=<GR%@\% @AGiD% CG?N% L@ALG?AD% =A% >=\GR% @AGiD% ^@NDR% ;AP% D@??@`DR% @AGiD%MAPG?DE;AP=AJR% IM<@M?R% \;=>M?GD% ;AP% DMLLGDDGDR% D;PAGDD% ;AP%P=D;HH@=AE<GAEDR% @AGiD% PGGHGDE% L@ALG?A% \@?% EIG% @EIG?% ;AP% @\%DH@AE;AG@MDR%DGAD=E=CG%?GDH@ADGDR%@\%>=\GiD%EGAPG?AGDD_%lGLG=C=AJR%?;EIG?% EI;A% E;S=AJR% `=>>% E;SG% L;?G% @\% =EDG>\R% =E% =D% ;E% =ED% <@DE%H@=JA;AE% `IGA% `I;E% @AG% ?GLG=CGD% =D% MEEG?>N% MAGgHGLEGP_%a)G?GAD@A%7117R%23b%

)G?GAD@AiD%?G<;?S%H@=AED%@ME%EIG%H?=<;?N%H>;LG%J=C=AJ%I;D%=A%>@CG%=A%?G>;E=@A% E@% E;S=AJR% @?% ?GLG=C=AJ_% $I=D% \M?EIG?% H@=AED% E@`;?PD% EIG%J?;<<;E=L;>%H?=@?=EN%VN@MX%I;D%@CG?%V.X%=A%;%>@C=AJ%?G>;E=@ADI=H_%!I;E%<;EEG?D%<@DE% =A% >@CG% =D%A@E%`I;E% A% JGE% @ME%@\% @M?% ?G>;E=@ADI=H_%!I;E%<;EEG?D%E@%<G%=D%)#0_%#D%:;EIG?=AG%*DQ@?AG%a7118Qb%?G<;?SDR%V>@CG%=D%A@E%;A%G<@E=@A%QN%`I=LI%`G%HME%#0(5&83&5!=AE@%@M?%>=CGDpEI;E%`;D%D@%;>?G;PNpQME% @AG% `IG?GQN% D@<G@AG% G>DG% \=APD% ;% H>;LG% =A% @M?% @`A%HG?D@A;>%H=LEM?G%@\%EIG%`@?>PX%ac73b_%!I;E%EIG%P=DLMDD=@AD%@\%?G;D@AD%\@?% >@CGR% \;=>% E@% DI@`% =D% =A% EI;E% `;N% EI;E% >@CG% L@ALG?AD% ;A@EIG?%=AP=C=PM;>R%;%IM<;A%QG=AJ%@\%\>GDI%;AP%Q>@@P_%)N%H@D=E=AJ%D@<GEI=AJ%@EIG?%EI;A%EIG%IM<;A%QG=AJ%;D%EIG%@Q^GLE%;AP%?G;D@A%\@?%<N%>@CGR%QG%=E%D@<G%BM;>=E=GDR%@?%EIG%;AE=L=H;EGP%D;E=D\;LE=@A%@\%D@<G%AGGPDR%EIGN%\;=>%E@%DI@`%=A%`I;E%`;ND%<N%>@CG%=D%?G;>>N%;%>@CG%\@?%VN@MX_%%

.A% `I;E% EIGA% >=GD% EIG% \@?LG% @\% EI=D% VN@MX% EI;E% .% I;CG% ?GHG;EGP>N%;HHG;>GP% E@% ;D% EIG% VE?MG% @Q^GLEX% @\% >@CGZ% !I;E% <;SGD% EI=D% <@CG%

+ - & $ % + % : !

! !

; = H !

;ANEI=AJ% @EIG?% EI;A% ;A% G<HEN% JGDEM?G% ;E% D@<GEI=AJ% =APGDL?=Q;Q>GR%CG?J=AJ% DMDH=L=@MD>N% L>@DG% @A% EIG% DGAE=<GAE;>Z% ,@`R% D@<G% @\% EIG%H@`G?% @\% EI=D% ;?E=LM>;E=@A% @\% >@CG% =D% EI;E% =E% ;EEGAPD% E@% EIG% <@?;>%LI;?;LEG?%@\% D;N=AJ%V.% >@CG%N@MX_%OI=>@D@HIG?DR%`I@% E?N% E@%`@?S%@ME%`I;E%=D%EIG%@Q^GLE%@M?%>@CG%L;ELI%@A%E@%;A%=<H@?E;AE%BMGDE=@A%=A%>@CG0%!I;E% ;?G% `G% Q@MAP% E@% =A% >@CGZ% )N% L@ADE?M=AJ% EIG% BMGDE=@A% ;D% ;%BMGDE=@A% @\% SA@`>GPJGR% V`I;E% =D% =E% EI;E% .% >@CG%`IGA% .% >@CG% N@MX% @?%V`I;E% =D% EIG% N@M% EI;E% .% >@CGXR% I@`GCG?R% EIGN% \;=>% E@% A@E=LG% EI;E% EIG%BMGDE=@A% EIGN% ;?G% PG;>=AJ% `=EI% =D% ?G;>>N% ;% <@?;>% BMGDE=@AR% `I=LI%L;AA@E%QG%;AD`G?GP%QN%;HHG;>=AJ%E@%;AN%BM;>=E=GD%@?%=AEG?GDED_%%

$I=ASR%\@?%=ADE;ALGR%@\%EIG%\@>>@`=AJ%L;DG0%DE=??GP%E@%EI=AS%;Q@ME%EIG%\@?EM=E=GD%@\%>=\G%QN%EIG%MA\@?EMA;EG%\;EG%@\%@EIG?DR%N@M%;DS%<GR%V!@M>P%N@M% DE=>>% >@CG%<G% =\% .% >@DE%<N% ^@Q%@?%QGL;<G% DGCG?G>N%I;AP=L;HHGPZX%$I=D% BMGDE=@A% <;N% >G;P% MD% E@% EI=AS% ;Q@ME% >@CG% =A% EIG% L@AEGgE% @\%?G;D@ADR%QME%GCGA%D@%.%P@%A@E%EI=AS%`G%;?G%QGDE%;PC=DGP%E@%?G4PGDL?=QG%N@M?%BMGDE=@A%;DR%V!@M>P%N@M%DE=>>%>@CG%<G%=\%N@M?%?G;D@AD%\@?%>@C=AJ%<G% P=D;HHG;?GPZX% $;S=AJ% EIG% BMGDE=@A% =A% DMLI% ;% `;N% AGJ>GLED% EIG%`;ND% =A% `I=LI% N@M?% BMGDE=@A% =D% GgH?GDD=CG% @\% P@MQER% HM>>=AJ% E@% EIG%\@?G%EIG%D=ALG?=EN%@\%<N%>@CG_%.E%;DSD%`IGEIG?%.%;<%E?M>N%L@<<=EEGP%E@%N@M%;AP%A@E%<G?G>N%E@%D@<G%;DHGLED%@\%@M?%?G>;E=@ADI=HR%D@<G%H@DD=Q>G%J;=AD%EI;E%.%<;N%I;CG%\@?%<NDG>\_%%

$I=D% <@?;>% ;DHGLE% @\% >@C=AJ% )#0!<;N% DE?=SG% @AG% <@?G% L>G;?>N% =A%D=EM;E=@AD%=A%`I=LI%.%D;NR%X&CGA%=\%N@MiCG%>@DE%N@M?%^@QR%;AP%N@M?%\;=EI%=A% N@M?DG>\R% .% DE=>>% >@CG% N@MR% ;AP%`=>>% A@E% >G;CG% N@M?% D=PG_% X% .E% P@GDR%I@`GCG?R%H>;N%;%H;?E% =A%;>>% EIG% D=EM;E=@AD% =A%`I=LI%`G%Q?=AJ%?G;D@AD%=AE@%;%P=DLMDD=@A%@\%>@CG_%$IMDR%?G^GLE=AJ%EIG%=PG;%@\%?G;D@AD%\@?%>@CG%=D%A@E%^MDE%;%<;EEG?%@\%D@<G%?G;D@AD%QG=AJ%<@?G%?GDHGLE;Q>G%@?%;P<=?;Q>G%EI;A%@EIG?D_%.E%=D%A@E%EI;E%XQG=AJ%;%J@@P%IMDQ;APX%=D%;%QGEEG?%?G;D@A%\@?%>@C=AJ%EI;A%P@=AJ%=E%VQGL;MDG%@\%EIG%<@AGNX%a/@>@<@A%711FR%72Fb_%#>>%E;>S%@\%?G;D@AD%=AE?@PMLGD%;%HG?DHGLE=CG%EI;E%=D%P=DE=ALE%\?@<%>@CG_%%

!I;E%.%DMJJGDER%EIG?G\@?GR%=D%EI;E%`G%DI@M>P%A@E%^MDE%E;SG%D;N=AJR%X.%>@CG%)#0X%;D%;%<@?G%L@<H>Gg%CG?D=@A%@\%D;N=AJ%.%>@CGR%@?%>=SGR%LG?E;=A%BM;>=E=GD% =A% N@M_% !G% DI@M>P% ?GL@JA=eG% EIG% J?;<<;E=L;>% ;AP% <@?;>%P=\\G?GALG% QGE`GGA% EIG% DE;EG<GAED% V.% >@CG% N@MX% ;AP% V.% >=SG% EI=D% ;AP%EI;E% ;Q@ME% N@MX_% /;N=AJR% V.% >@CG% N@MXR% =D% A@E% ;A% ;EEG<HE% E@% D@?E% @ME%`I;E%@?%`I@% =E% =D% EI;E% .% >@CG_%$IG%`@?PD%P@%A@E%DG?CG%E@%H=LS%@ME%;A%@Q^GLER% VN@MXR% =A%P=DE=ALE=@A% E@% @EIG?% @Q^GLED_% .E% =D% ;%`;N%@\% P=?GLE=AJ%<NDG>\% E@% N@M% ;D% `G>>% ;D% ;PP?GDD=AJ% <N% ?G>;E=@A% E@% N@M_% .E% =D% ;%?GL@JA=E=@A%@\% EIG%;QD@>MEG%PG<;APD% EI;E%<N% >@CG%<;SG%@A%<G%`=EI%L@ALG?A% E@%N@M_%$I=D% =D%`I;E% .%<G;A%QN%D;N=AJ% EI;E%VN@MX% =A%V.% >@CG%

> :#7 ! ( * & ! % . & ! * & ( '#$ ? !

!

; = @ !

N@MX% I;D% ;A% ;QD@>MEG% LI;?;LEG?% EI;E% =D% -#$% ?G>;E=CG% E@% N@M?% HG?D@A;>%E?;=ED%@?%BM;>=E=GD%;AP%L;AA@E%QG%?GPMLGP%E@%EIG%DM<%@\%EIG<_%%

'=AJG?=AJ% @A% EI=D% H@=AE% ;% Q=E% >@AJG?R% >GE% MD% L@AD=PG?% ;A@EIG?%Gg;<H>G% EI;E% =D% ?G>;EGP% E@% LI;AJG_% .A% ;% DLGAG% \?@<% EIG% \=><% V!IGA%";??N%KGE%/;>>NX%;A%@>P%L@MH>G%?GL@MAED%I@`%EIGN%<GE_%%

/IG0%!G%\G>>%=A%>@CG%=A%I=JI%DLI@@>_%"G0%jG;IR%`G%`G?G%I=JI%DLI@@>%D`GGEIG;?ED_%/IG0%)MER%EIGA%;\EG?%@M?%^MA=@?%NG;?R%I=D%H;?GAED%<@CGP%;`;N_%"G0%)MER%.%AGCG?%\@?J@E%IG?_%/IG0%"G%AGCG?%\@?J@E%<G_%"G0%,@R%IG?%\;LG%`;D%QM?AGP%@A%<N%Q?;=A_%#AP%=E%`;D%cm%NG;?D%>;EG?%EI;E%.%`;D%`;>S=AJ%P@`A%)?@;P`;N%;AP%.%D;`%IG?%L@<G%@ME%@\%v=A;MP=Q>Gw_%/IG0%!G%Q@EI%>@@SGP%;E%G;LI%@EIG?%;AP%=E%`;D%^MDE%;D%EI@MJI%A@E%;%D=AJ>G%P;N%I;P%J@AG%QN_%"G0%/IG%`;D%^MDE%;D%QG;ME=\M>%;D%DIG%`;D%;D%78_%/IG0%"G%`;D%^MDE%EIG%D;<G_%"G%>@@SGP%Gg;LE>N%EIG%D;<G_%

$IG%EI@MJIE%EI;E%D@<G@AG%`@M>P%>@@S%Gg;LE>N%EIG%D;<G%;\EG?%cm%NG;?D%<;N% DE?=SG%@AG%;D%@CG?>N% ?@<;AE=L% ;AP% =PG;>=e=AJ_%*\% L@M?DGR%HG@H>G%MAPG?J@%LI;AJGD%=A%EI;E%;<@MAE%@\%E=<GR%;AP%D@<G%@\%EIG<%;?G%Q@MAP%E@%DI@`_%"@`GCG?R%EIG?G%=D%;%DGADG%=A%`I=LI%GgH?GDD=@AD%DMLI%;D%Vj@M%I;CGAiE% LI;AJGP%;%Q=E% D=ALG% EIG% >;DE% E=<G% .% D;`%N@MoX% ?=AJ%CG?N% E?MG_%/HG;S=AJ%@\%LI;AJG%=A%`I;E%.%H?GC=@MD>N%L;>>GP%;%$(,-54$43&%DGADG%E;SGD%D@<G% DHGL=\=L% \G;EM?GD% @\% EIG% @EIG?% ;D% =ED% @Q^GLE_% .% H@=AE% @ME% LG?E;=A%EI=AJD% EI;E% ;?G% A@`% P=\\G?GAER% Vj@M% I;CG% LI;AJGP% =A% EI=D% ;AP% EI;E%`;NX_%"@`GCG?R%`IGA% .% D;NR% Vj@M%I;CG% LI;AJGPXR% =A% ;A% 4-$(,-54$43&%DGADGR%`G%<=DMAPG?DE;AP%EIG%DGADG%@\%EIG%?G<;?S%=\%`G%EI=AS%EI;E%=E%=D%AGLGDD;?N%E@%GgH>;=A%`I;E%EI=D%LI;AJG%L@AD=DE%=A_%.A%@EIG?%`@?PDR%.%<;N%`G>>%?GL@JA=eG%EI;E%N@M%I;CG%LI;AJGP%=A%<;AN%`;ND%=A%EIG%E?;AD=E=CG%DGADGR%QME%DE=>>% D;NR%Vj@M%I;CGAiE%LI;AJGPXR% =A% EIG% =AE?;AD=E=CG%DGADG_%$I=D% H@=AE% L;A% QG% DGGA% ;D% ;% L@AE=AM;E=@A% @\%<N% G;?>=G?% H@=AED% ;Q@ME%>=S=AJ%;AP%>@C=AJR%;AP%D@<GE=<GD%QG=AJ%;Q>G%E@%DHG>>%@ME%`I;E%.%<=DD%@?%>@CG%;Q@ME%N@M%`I=>G%;E%@EIG?%E=<GD%D;N=AJ%EI;E%.%<=DD%@?%>@CG%N@M_%%

!I;E% DGH;?;EGD% EIG% =AE?;AD=E=CG% DGADG% \?@<% EIG% E?;AD=E=CG% DGADG% =D%EI;E% EIG% \=?DE% =D% -#$% ;% ?G<;?S% ;Q@ME% EIG% DE;EG% @\% EI=AJD_% )N% D;N=AJ%Vj@MiCG%LI;AJGPXR% .% ;<% E;S=AJ%;% DE;AP%@A%`I@%N@M%;?GR%;AP%@A%<N%?G>;E=@A%E@%N@M_%.A%EI;E%`;NR%D;N=AJ%Vj@Mi?G%Gg;LE>N%EIG%D;<GX%L;AA@E%QG%DGH;?;EGP%\?@<%D;N=AJ%EI;E%<N%;EE=EMPG%E@`;?PD%N@MR%@?%<N%>@CG%\@?%N@MR% =D%Gg;LE>N% EIG% D;<G_% .%<;N%D;N% EI;E%N@M%;?G% EIG% D;<GR%N@M%I;CG%A@ER%D;NR%>@DE%`I;E%.%EI@MJIE%@\%;D%N@M?%PG\=A=AJ%\G;EM?GDR%VEIG%DH;?S>G%=A% N@M?% GNGDXR% ;>EI@MJI% =A% ;A@EIG?% DGADG% .%<;N%`G>>% ?GL@JA=eG% EI;E%D@<G% EI=AJD%I;CG%LI;AJGP_%/;N=AJ% EI;E% D@<G@AG% =D% EIG%D;<G%<;N% =A%

+ - & $ % + % : !

! !

; H G !

EI=D% L;DG% QG% DGGA% ;D% ;A% GgH?GDD=@A% @\% >@CG_% .A% @EIG?DR% DGG=AJ% EI;E%D@<G@AG% I;D% LI;AJGP% @?% GCGA%`=DI=AJ% EI;E% EIGN%`@M>PR%<;N% QG% ;D%GgH?GDD=CG% @\% >@CG_% $I=D% =D% ;E% >G;DE% @AG% \G;EM?G% @\% @AG% @\% )G?E@>P%)?GLIEiD% E?;J=L@<=L;>% PGH=LE=@AD% @\% K=DEG?% (R% V#% <;A% `I@% I;P% A@E%DGGA%K=DEG?%(%=A%;%>@AJ%E=<GR%J?GGEGP%I=<%`=EI%EIG%`@?PDR%Vj@M%I;CG%A@E% LI;AJGP% ;E% ;>>_X% V*IXR% D;=P%K=DEG?% (% ;AP% EM?AGP% H;>GX% a)?GLIE%7127R%68R!')!$(,-58,$4#-b_%%

0+!?:#7!-&'&*0&!%#!)&!6#0&-?!

$IG% =AE?@PMLE=@A%@\% >@CG%;D%;%J=CG4;AP4E;SG%?G>;E=@ADI=H% =<H>=GD% EI;E%EIG?G% =D% D@<GEI=AJ% .% @?% N@M% L@M>P% P@% E@% >@CG% @?% QG% >@CGP_% .A% @EIG?%`@?PDR% =E% DMJJGDED% EI;E% >@CG% =D% D@<GEI=AJ% E@%QG%PGDG?CGP_% .% E;SG% EI=D%A@E=@A%E@%QG%PGGH>N%H?@Q>G<;E=LR%QME%=E%<=JIE%AGGP%D@<G%G>;Q@?;E=@AD%\@?% EIG% =<H>=L;E=@AD% @\% =E% E@% QG% \M>>N% C=D=Q>G_% ,@`R% D;N=AJ% EI;E% E;>S%;Q@ME%PGDG?C=AJ%=D%P=DE=ALE% \?@<%>@CG%<;N%DE?=SG%MD%;D%@QC=@MD%`IGA%`G%EI=AS%@\% EIG%LNA=L;>%L>;=<%EI;E%A@%@AG%@?%@A>N%D@<G%PGDG?CG%>@CG_%"@`%;?G%`GR%I@`GCG?R% E@% E;SG% ?G<;?SD% DMLI%;D% Vj@M%PGDG?CG%QGEEG?%EI;A%EI;EX%@?%Vj@M%P@%A@E%PGDG?CG%EI;EX%@\\G?GP%;D%\?=GAP>N%;PC=LG%E@%D@<G@AG% L;MJIE% MH% =A% ;% Q;P% ?G>;E=@ADI=HR% @?% DE;EG<GAED% DMLI% ;D%V&CG?N@AG%PGDG?CGD%>@CGXZ%

)N%D;N=AJR%V&CG?N@AG%PGDG?CGD%>@CGXR%.%;<%J=C=AJ%GgH?GDD=@A%E@%;%LG?E;=A% ;EE=EMPG% E@% >@CGR% ?G<=A=DLGAER% \@?% @AG% EI=AJR% @\% EIG% :I?=DE=;A%A@E=@A%EI;E%h@P%>@CGD%;>>%HG@H>G_%"@`GCG?R%D=JA=\=L;AE>NR%:I?=DE=;A=EN%P@GD%-#$%D;N%EI;E%;>>%HG@H>G%PGDG?CG%>@CGR%=A%EIG%DGADG%EI;E%h@PÅD%>@CG%=D% D@<GEI=AJ% @\% `I=LI% `G% I;CG% <;PG% @M?DG>CGD% `@?EIN_% .A% EI;E%?GDHGLER% =E% =D% <@?G% L@??GLE% E@% D;N% EI;E% A@% @AG% PGDG?CGD% h@PiD% >@CG_%$IG?G% ;?G%A@%PGGPD%`G%<;N%P@% E@% ;DDM?G% @M?DG>CGD% @\% I=D% >@CG_% .E% =D%;>`;ND%;%J?;LG_%:@<H;?G%EI=D%E@%!=EEJGADEG=AiD%?G<;?S%a7113bR%V.\%N@M%;>?G;PN!%,3&%D@<G@AGiD%>@CGR%A@%D;L?=\=LG%=D%E@@%I=JI%;%H?=LG%E@%H;N%\@?%=E% QME% ;AN% D;L?=\=LG% =D% E@@%J?G;E% E@%?0)% =EXam3Gb_%$IGDG%A@E=@AD%@\% >@CG%=AE?@PMLG%=E%;D%;%J=\E%EI;E%`G%?GLG=CG%=APGHGAPGAE>N%@\%@M?%PGGPD_%'GE%MD% DGG% `IG?G% EIGDG% L@AE?;DED% L;A% E;SG% MD% `IGA% ?G\>GLE=AJ% @A% @EIG?%L;DGD%=A%`I=LI%EIG%A@E=@A%EI;E%D@<G@AG%PGDG?CGD%>@CG%=D%?;=DGP_%

:@AD=PG?R%\=?DER%EIG%\@>>@`=AJ%GgLI;AJG%QGE`GGA%EIG%<;=A%LI;?;LEG?%$@M>;%;AP%IG?%Q?@EIG?%=A%EIG%\=><%:)!R4+!N,$!f(&&C!M&..4-+%a6FF6b_%T@?%$@M>;% E@% QG% ;Q>G% E@% <;??N% IG?% \=;ALdR% IG% I;D% E@% GAEG?% EIG% h?GGS%*?EI@P@g%?G>=J=@A_%#D%IG%=D%QG=AJ%P=HHGP%=A%EIG%`;EG?%;E%I=D%Q;HE=D<%IG?%Q?@EIG?% ;DSD%IG?R% V.EiD%A@E% D@%Q;PR%IMIZX% E@%`I=LI% DIG% ?GDH@APDR%V#?G% N@M% S=PP=AJZ%#AN%<=AMEG% A@`%IGiD% J@AA;% >@@S% ;E%<G% ;AP% J@%

> :#7 ! ( * & ! % . & ! * & ( '#$ ? !

!

; H ; !

x"MI_% l=JIE_% j@Mi?G% D@% A@E%`@?EI% EI=DoiX%"G?% Q?@EIG?% ;AD`G?DR% VjGDR%N@M%;?GX_%%

!I;E% .% E;SG% EIGDG%HG@H>G%-#$% E@%QG% D;N=AJ% =D% D@<GEI=AJ%;>@AJ% EIG%\@>>@`=AJ%>=AGD_%%

$IG% HI?;DG% Vj@M% L;A% P@% QGEEG?RX% @\\G?GP% =A% ;PC=D=AJ% ;% \?=GAP%;Q@ME%IG?% >@CG% >=\G%@?%IG?% ^@Q% =D%;E% >G;DE% D@<GE=<GD% =A%@?PG?_%#D%EIG%MDG%@\%EIG%L@<H;?;E=CG%DMJJGDEDR%=ED%H@=AE%=D%A@E%E@%=AD=DE%EI;E%EIG% <;A% @?% EIG% ^@Q% ;E% =DDMG% =D% MEEG?>N% `@?EI>GDD% @?% GCGA% \;>>D%QG>@`%EIG%<=A=<;>%>=AGp=E%=D%?;EIG?%EI;E%;D%>@AJ%;D%@AG%I;D%@?%=D%=A% ;% H@D=E=@A% E@% LM>E=C;EG% I;C=AJ% <@?G% @HE=@ADR% EIG?G% =D%D@<GEI=AJ%E@%QG%D;=P%\@?%;=<=AJ%I=JIG?%\@?%;%<@?G%=AEG?GDE=AJ%@?%C=?EM@MD% @?% ;HHG;>=AJ% H;?EAG?R% @?% ;% <@?G% LI;>>GAJ=AJ% @?%?GDH@AD=Q>G%@?%D@L=;>>N%MDG\M>%^@Q_%a!@>\%6FF6R%6c6b%

.A%@EIG?%`@?PDR%$@M>;%=D%A@E%;DS=AJR%V#<%.%x=AEG?GDE=AJ%@?%C=?EM@MD%@?%;HHG;>=AJi% GA@MJI% \@?% I=<% A@E% E@% DE;?E% ;DS=AJ% `IGEIG?% IG% =D% =A% x;%H@D=E=@A%E@%LM>E=C;EG%<@?G%@HE=@ADiX_%"G?%Q?@EIG?%=D%A@E%EG>>=AJ%IG?%EI;E%DIG%=D_%!IGA%IG?%Q?@EIG?%D;ND%DIG%PGDG?CGD%>@CG%IG%=D%A@ER%;D%=E%`G?GR%<;?S=AJ%;%@#-$(,5$%QGE`GGA%IG?%;AP%@EIG?%HG@H>G_%"G%P@GD%-#$%C@=LG%EIG%QG>=G\%EI;E%D@<G%HG@H>G%;?G%<@?G%`@?EIN%@?%PGDG?C=AJ%@\%>@CGR%;AP%EI;E%I=D%D=DEG?%=D%@AG%@\%EIG<_%.\%IG%GAEG?E;=AD%DMLI%;A%=PG;R%EI;E%=EDG>\%=D%;%CG?N%LNA=L;>%@AG%=APGGP_%"=D%`@?PD%;?G%?;EIG?%;A%GAL@M?;JG<GAE%E@%IG?% QN% DI@`=AJ% I=D% <@?;>% DMHH@?E% ;AP% QN% J=C=AJ% GgH?GDD=@A% E@% I=D%@`A% >@CG% \@?%IG?_%"G% =D%A@E% DHG;S=AJ%;Q@ME%`IGEIG?%HG@H>G%PGDG?CG%>@CG%@A%;%JGAG?;>%>GCG>R%QME%DHG;S=AJ%E@%IG?%;D%IG?%Q?@EIG?_%%

!IG?G;D% VIG%PGDG?CGD% E@%QG% >@CGPX%@?% VN@M%PGDG?CG% E@%QG% >@CGPX%L;A%QG%D;=P%=A%\?=GAPDI=HR%D;N=AJ%VIG%P@GDAiEsN@M%P@AiE%PGDG?CG%>@CGX%`@M>P% <@DE>N% QG% E;SGA% ;D% ;% L;>>@MD% ?G<;?S_% !IGA% .% DHG;S% ;Q@ME%<NDG>\R%I@`GCG?R%.%<;N%?GL@=>%;E%EIG%DMJJGDE=@A%EI;E%.%L@M>P%PGDG?CG%E@%QG% >@CGP% =A% EIG% D;<G%DGADG% EI;E% .%PGDG?CG%;% ?;=DG% =A%<N%D;>;?N% =\%<N%E;DSD%I;CG%J?@`A_%.E%D@MAPD%;D%;%H?GH@DEG?@MD%=PG;%EI;E%.%L@M>P%;HHG;>%E@%<N%V?=JIEDX%E@%QG%>@CGP%=\%N@M%P=P%A@E%>@CG%<G%=A%?GEM?AR%@?%L>;=<%EI;E%N@M%`G?G%MAPG?%EIG%V@Q>=J;E=@AX%E@%>@CG%<G_%.E%P@GD%A@ER%I@`GCG?R%D@MAP% ;D% H?GH@DEG?@MD% E@% D;NR% V.% P@% A@E% PGDG?CG% aN@M?b% >@CGX_% $I=D%<;?SD% ;A% =<H@?E;AE% ;DN<<GE?N% =A% I@`% `G% <;N% DHG;S% ;Q@ME%PGDG?C=AJ%=A%>@CG%=A%?G>;E=@A%E@%@EIG?D%;AP%=A%?G>;E=@A%E@%@M?DG>CGD_%.A%@EIG?%`@?PDR%=E%;>G?ED%MD%E@%;%P=\\G?GALG%QGE`GGA%EIG%EI=?PR%EIG%DGL@AP%;AP%EIG%\=?DE%HG?D@A%HG?DHGLE=CGR%QGE`GGA%>@CG%;AP%DG>\4>@CG_%%

.A%@AG%@\%I=D%Gg;<H>GD%/@>@<@A% a711Fb% ;DSD%MD% E@% EI=AS%@\% ;%<;A%`I@% VBM=EG% ?=JIE>N% DGGD% I=<DG>\% ;D% ;% HG?D@A% `=EI% A@% H;?E=LM>;?>N%>@C;Q>G%\G;EM?GDX%a781b_%"G%D;ND%EI=D%<;EEG?4@\4\;LE>NR%;D%=\%=E%`@M>P%QG%L>G;?% `I;E% =E% =D% `G% ;?G% E@% =<;J=AGR% ;D% `G>>% ;D% L>G;?% EI;E% `G% VBM=EG%

+ - & $ % + % : !

! !

; H D !

?=JIE>NX%L@M>P%?GJ;?P%D@<G%HG@H>G%;D%<@?G%>@C;Q>G%@?%<@?G%`@?EIN%@\%>@CG%EI;A%;?G%@EIG?D_%"G%P@GD%A@E%P`G>>%MH@A%`IGEIG?%EI=D%V=AD=JIEX%=D%GgH?GDD=CG% @\% \G;?R% ?GD=JA;E=@A% @?% JM=>ER% `I=LI% .% `@M>P% DMJJGDE% =D%L?ML=;>% E@%MAPG?DE;AP=AJ%`I;E% S=AP%@\% =AD=JIE% =E% =D_% .E% =D%A@E% EI;E% EIG%Gg;<H>G%H?GDGAED%MD%`=EI% ;%<;A%`=EI% ;A% GgLGHE=@A;>>N% L>G;?4D=JIEGP%L@ALGHE=@A%@\%I=<DG>\_%$IG%<;AiD% L@AC=LE=@A% EI;E%IG%I;D%A@%V>@C;Q>G%\G;EM?GDX%L;A%QG%QGEEG?%PGDL?=QGP%;D%;A%GgH?GDD=@A%@\%DG>\4L@AEG<HE_%%

:@AE?;DE% EI=D%`=EI% ;% L;DG% =A%`I=LI%<N% D;N=AJR% V.% P@% A@E% PGDG?CG%N@M?% >@CGXR% =D% ;% ?G;LE=@A% E@% EIG% D<;>>AGDD% .% \GG>% =A% \?@AE% @\% EIG%J?;APAGDD% @\% N@M?% >@CG_% $IG%`@?PD%<;N%QG% ;A%;LSA@`>GPJG<GAE% @\%EIG% \;LE% EI;E%A@EI=AJ% .%I;CG%P@AG%I;D% >GP% E@%N@M?% >@CG%;AP%;%`;N%@\%<;?CG>>=AJ%;E% EI=D%D;<G%\;LE0% .D% =E%A@E%;<;e=AJ% EI;E%N@M% >@CG%<G%;AP%EI;E% .% <;N% GgHG?=GALG% EI=D% S=AP% @\% >@CGZ% ,@`R% EI=D% >;EEG?% ?G;LE=@A%;HHG;?D%E@%G<Q@PN%;A%=<H@?E;AE%=AD=JIE%=A%>@CG_%.E%=D%;%H?GDMHH@D=E=@A%@\% >@CG% EI;E% .%P@%A@E% EI=AS% EI;E% LG?E;=A% EI=AJD% .%I;CG%P@AG%JM;?;AEGG%<N% QG=AJ% >@CGP_% ,GCG?EIG>GDDR% =E% =D% ;A% GBM;>>N% =<H@?E;AE%H?GDMHH@D=E=@A%@\%>@CG%EI;E%.%?GL@JA=eG%EI;E%.%;<%>@CGPR%;APR%EIG?G\@?GR%;<%D@<G@AG%`I@%L;A%QG%>@CGP_%.A%EI;E%?GDHGLER%DG>\4>@CG%=D%;>`;ND%;A%;DHGLE% @\% >@CG_% .\% >@C=AJ% N@M% P@GD% A@E% =A% D@<G% `;N% =AC@>CG% >@C=AJ%<NDG>\R%.%;<%\@?LGP%E@%EI=AS%@\%N@M?%>@CG%;D%;A%=>>MD=@A_%"@`GCG?R%EI=D%=D%A@E%E@%D;N%EI;E%DG>\4>@CG%=D%D@<GEI=AJ%`G%L@<G%QN%G;D=>N_%)G>=GC=AJ%=A% >@CG%<;N%QG%P=\\=LM>ER% ;AP% >@C=AJ%@AGDG>\%<;N%QG%GCGA%I;?PG?_%$@%?GLG=CG% EIG% J=\E% @\% >@CG% =A% EI;E% DGADG% =D% ;>`;ND% E@% `@APG?% ;E% EI=D%?G<;?S;Q>G%J=\E_%%

.A%EI=D%?GDHGLER%`G%L@M>P%D;N%EI;E%EIG%\@?<G?%L;DG%@\%VBM=EG%?=JIE>NX%DGG=AJ%<NDG>\%V;D%;%HG?D@A%`=EI%A@%H;?E=LM>;?%>@C;Q>G%\G;EM?GDX%?GCG;>D%;% \;=>M?G% =A% EIG% >@CG% .%I;CG% E@% J=CG_% )N% EI=AS=AJ% EI;E% VA@Q@PN% L@M>P%>@CG% <GXR% <N% ;EEGAE=@A% =D% A@E% @A% N@MR% QME% @A% <NDG>\% ;AP% @A% EIG%BM;>=E=GD% .% EI=AS% .% >;LS_% '@D=AJ% <NDG>\% =A% DG>\4DGAE=<GAE;>=ENR% .% DIME%<NDG>\%@\\%\?@<%`I;E%N@M%L@M>P%DGG%=A%<G_%.%PGL=PG%@A%<N%@`A%`I;E%L@M>P%L@MAE%;D%;%?G;D@A%\@?%>@CG_%$IGA%;J;=AR%HG?I;HD%EI=D%=D%H?GL=DG>N%`I;E% .% `;AEZ% )N% L@AC=AL=AJ% N@M% @\% <N% @`A% MA`@?EI=AGDDR% A@E%;P<=EE=AJ%EI;E%.%P@%A@E%>@CG%N@M%=A%?GEM?AR%.%;EEG<HE%E@%?G>G;DG%<NDG>\%@\%EIG%?GDH@AD=Q=>=EN%DMLI%;%?G;>=e;E=@A%PG<;APD%@\%<G_%

R)!$%&!8##C!4-!)#0(!&)&!A!@,-!$&88!)#0g(&!+#--,!@()<!A5!4$!#3&(!'&X!A*!4$!456!5,3&!)#0(!$&,(5!*#(!Ag'!-#$!7#($%!4$6!)#0!5&&<!N#(!Ag'!$%&!$)H&!#*!?#)!7%#!45!,87,)5!#-!$%&!(#,'6!7%&(&3&(!A!8,)!')!%,$!$%,$g5!')!%#'&<!!aj@MAJ%713cb%

> :#7 ! ( * & ! % . & ! * & ( '#$ ? !

!

; H < !

KN%P=DLMDD=@A%I;D%DI@`A%D@<G%?@>GD%DHG;S=AJ%;Q@ME%PGDG?C=AJ%<;N%I;CG%=A%EIG%>;AJM;JG%@\%>@CG_%/;N=AJR%V&CG?N@AG%PGDG?CGD%>@CGXR%<;N%QG% ;%`;N%@\% D;N=AJR% V$IG?GiD%A@% ?G;D@A% E@% GgL>MPG%;AN@AG% \?@<%@M?%L@<<MA=ENXR% V#>>% HG@H>G% DI@M>P% QG% >@CGP% QN% D@<G@AGX% @?% V#>>%IM<;A%QG=AJD%;?G%H@DD=Q>G%@Q^GLED%@\%>@CG_X%/;N=AJR%V,@Q@PN%PGDG?CGD%>@CGXR%<;N%=A%EM?A%QG%;%`;N%@\%?G<=AP=AJ%MD%EI;E%EIG?G%=D%A@EI=AJ%`G%L;A%P@% E@%QG% >@CGP%;AP%EI;E% >@CG% =D%;>`;ND%J=CGA% E@%MD_%$;S=AJ% EIGDG%GgH?GDD=@AD%;D%GgH?GDD=CG%@\%>@CGR%I@`GCG?R%I;D%;>D@%QGGA%;%<G;AD%@\%DI@`=AJ%EI;E%EIG%DGADG% =A%`I=LI%`G%DHG;S%;Q@ME%VPGDG?C=AJX%IG?G% =D%P=\\G?GAE% \?@<%@EIG?% L;DGD% @\% E;>S=AJ% ;Q@ME%`I;E%`G%PGDG?CG_% a$IGDG%@EIG?%`;ND%@\%DHG;S=AJR%@\%L@M?DGR%AGGP%;>D@%A@E%QG%MA=E;?N_b%.A%EIGDG%L;DGDR%>@CGR%;D%=E%`G?GR%E?;AD\@?<D%EIG%<G;A=AJ%@\%`I;E%=E%=D%E@%PGDG?CG%D@<GEI=AJ_%%

$I?@MJI@ME% EIG%P=DLMDD=@A% .%I;CG%L?=E=L=eGP% EIG%;EEG<HE% E@%?GPMLG%>@CG% E@% ;% HDNLI@>@J=L;>% PGDL?=HE=@A% \@?% A@E% ;EEGAP=AJ% E@% EIG%MAL@AP=E=@A;>% =<H@?E;ALG% ;A@EIG?% I;D% E@%<G% =A% >@CG_%#EEG<HE=AJ% E@%L@ALGHEM;>=eG% >@CG% =A% GL@A@<=L;>% @?% L@AE?;LEM;>% EG?<DR% `I=LI% =D% EIG%L;DG% =\% @AG% EI=ASD% @\% >@CG% ;D% D@<GEI=AJ% @\% `I=LI% `G% L;A% <;SG%@M?DG>CGD% V`@?EINX% @?% ;D% D@<GEI=AJ% =AC@>C=AJ% V?=JIED% ;AP%@Q>=J;E=@ADX% DE?=SGD% <G% ;D% ;% D=<=>;?% \;=>M?G% E@% P@% ^MDE=LG% E@% EIG%>;AJM;JG% @\% >@CG_% TM?EIG?<@?GR% EIG?G% =D% A@% JGAG?;>% C=G`H@=AE% \?@<%`I=LI%`G% L@M>P%PGEG?<=AG% EIG%`@?EI%@\% @EIG?%HG@H>G_% T?@<% EIG% \;LE%EI;E%.%a;D%;%\?=GAPR%;%D=DEG?R%Q?@EIG?%@?%H;?GAEb%<;N%EI=AS%EI;E%D@<G@AG%PGDG?CGD%>@CGR%=E%=D%A@E%H@DD=Q>G%E@%P?;`%EIG%L@AL>MD=@A%EI;E%D@<G@AG%=D%MAPG?%EIG%@Q>=J;E=@A%E@%>@CG%EIG<R%;E%>G;DE%A@E%=A%EIG%HG?D@A;>%DGADG%@\%G?@E=L%>@CG_%*?%`I;E%L@M>P%=E%H@DD=Q>N%<G;A%E@%D;NR%V"G%PGDG?CGD%E@%QG%>@CGPR%D@%N@M%DI@M>P%>@CG%I=<XZ%%

0++!()'#67%&6:!9&*'#$(6!

'GE% <G% \=A;>>N% ?G<;?S% MH@A% `I;E% .% \=AP% E@% QG% @AG% @\% EIG% DE?@AJGDE%@Q^GLE=@AD%E@%;A%;LL@MAE%@\%>@CG%;D%MAL@AP=E=@A;>_%/;N=AJR%X.%>@CG%N@M%A@%<;EEG?%`I;EX%<;N% ?;=DG% EIG% L@ALG?A% EI;E%<N% >@CG% =D% A@E% ?G;>>N% ;%>@CG%\@?%;%DHGL=\=L%HG?D@A_%lG;P=AJ%/=<@AG%!G=>iD%?G<;?S%EI;E%=E%=D%A@E%N@M?%HG?D@A%EI;E% =AEG?GDED%<G%QME%N@MR%@AG%<;N%J;=A%EIG%\GG>=AJ%EI;E%EIG% >@CG% DIG% =D% EI=AS=AJ%;Q@ME% =D%;A@AN<@MD_% .\% EIG?G% =D%A@EI=AJ%N@M%L@M>P%P@%EI;E%L@M>P%?=DS%<N%>@CGR%=\%=E%P@GD%A@E%<;EEG?%E@%<G%`I@%N@M%;?G%@?%<;N%QGL@<GR%@AG%<;N%`G>>%;DS%=A%`I;E%`;ND%<N%>@CG%=D%E?M>N%;%>@CG% \@?% N@M_% $IMDR% @AG%<;N% EI=AS% EI;E% ;A% MAL@AP=E=@A;>% ;LL@MAE% @\%>@CG%\;=>D%E@%DI@`%=A%`I;E%`;ND%>@CG%=D%HG?D@A;>_%%

+ - & $ % + % : !

! !

; H B !

.%P@%QG>=GCG%EI;E%@AG%@\%EIG%J?G;EGDE%LI;>>GAJGD%@\%HI=>@D@HIN%=D%E@%DI@`%=A%`I;E%`;ND%>@CG%=D%;%HG?D@A;>%?G>;E=@ADI=H%QME%;>D@%G<Q@P=GD%`I;E% .% `=>>% L;>>% ;A% ;QD@>MEG% HG?DHGLE=CG_% .% `=>>% P=DLMDD% EI=D% <@?G%GgEGAD=CG>N%=A%EIG%\@>>@`=AJ%LI;HEG?DR%E?N=AJ%E@%DI@`%=A%`I;E%`;N%=E%=D%=<H@?E;AE%E@%DGG%EI;E%.%P@%A@E%@A>N%>@CG%EIG%=PG;%@\%N@MR%QME%N@MR%;AP%EI;E%EIG?G%P@GD!-#$%I;CG%E@%QG%;A%=AIG?GAE%L@AE?;P=LE=@A%=A%?GJ;?P=AJ%>@CG%Q@EI%;D%;A%;QD@>MEG%HG?DHGLE=CG%;AP%;%CG?N%HG?D@A;>%?G>;E=@ADI=H_%%

!I;E% .% I;CG% `;AEGP% E@% ;?JMG% IG?GR% I@`GCG?R% =D% EI;E% J=C=AJ% ;A%;LL@MAE% @\% >@CG% ;D% Q;DGP% @A% ?G;D@AD% J=CGD%MD% ;% CG?N%H@@?%H=LEM?G% @\%`I;E%=E%<G;AD%\@?%>@CG%E@%QG%HG?D@A;>_%.E%=D%=<H@?E;AE%E@%DI@`%=A%`I;E%`;N% >@CG% L@ALG?AD% ;A@EIG?%IM<;A%QG=AJ%@\% \>GDI%;AP%Q>@@PR%QME% EIG%;EEG<HE%E@%?GPMLG%EIG%@EIG?%E@%D@<G%HG?D@A;>%BM;>=E=GD%@?%E?;=EDR%I=D%@?%IG?%HG?D@A;>=ENR%@?%E@%EIG%MDG%.%<=JIE%<;SG%@\%D@<G@AG%;AP%EIG%`;N%=A%`I=LI%DIG%<;N%QG%L@MAEGP%@A%E@%D;E=D\N%<N%AGGPDR%P@GD%A@E%QGJ=A%E@%EG>>%MD%;ANEI=AJ%;Q@ME%`I;E%DMLI%;%L@ALG?A%<;N%;<@MAE%E@_%';DE%QME%A@E%>G;DER%=E%P@GD%A@E%;LSA@`>GPJG%EIG%H;?ED%H>;NGP%QN%>@CG%=A%@M?%>=CGD%;D%<@?;>%QG=AJD_%%

! !

!

!

I!

>+!,($%!%#!)&!+$!6#0&?;;=!

%M%&-!A!@,88!)#0(!-,'&!

Ag'!+#--,!5@(&,'!#0$!8#0.!Ag88!5,)<<<!

h%&(&!A!,'!5$,-.4-+!4-!$%&!@(#7.h!^#0g88!5,)!h@#'&!$#!'&!M4$%!)#0(!#H&-!'4-.!

)#0!-&3&(!C-#7!M%,$!)#0!5$488!'4+%$!*4-.h!

U--4&!Q&--#L!_DEEib!!

.A%?GDH@ADG%E@%W@IA%Y@AAGiD%V,@%<;A%=D%;A%=D>;APXR%EIG%LI;?;LEG?%!=>>%=A% EIG% \=><%CG?D=@A%@\%,=LS%"@?AQNiD%Q@@S%U?#0$!,!R#)! a6FF6bR% DE;EGDR%V.A%<N%@H=A=@A%;>>%<GA%;?G%=D>;APD_%vzw%.iP%>=SG%E@%EI=AS%.%;<%.Q=e;_X773%!=>>%=D%;%c84NG;?4@>P%`I@%=A%<;AN%`;ND%E?=GD%E@%>=CG%MH%E@%EIG%=PG;>%@\%QG=AJ%;A%=D>;AP_%"G%=D%PGDHG?;EG%A@E%E@%PGHGAP%@A%;AN@AG_%'=C=AJ%@\\%EIG%?@N;>E=GD%@\%I=D%\;EIG?iD%@A>N%I=E%D@AJR%IG%I;D%A@%^@Q%@?%<G;A=AJ\M>%?G>;E=@AD%E@%EIG%HG@H>G%=A%I=D%>=\GR%MD=AJ%EIG%`@<GA%IG%<GGED%;D%<G;AD%\@?% I=D% @`A% H>G;DM?G_% #D% EIG% \=><% H?@J?GDDGDR% IG% L@<GD% E@% ?G;>=eGR%HG?I;HD% A@E% EI;E% IG% =D% A@% =D>;APR% QME%`I;E% =E%<G;AD% E@% QG% ;% IM<;A%QG=AJ_% #J;=ADE% I=D% `=>>R% IG% QGL@<GD% \?=GAPD% `=EI% EIG% 76% NG;?% @>P%K;?LMDR%;AP% EIG?GQN% =AC@>CGP% =A% EIG% >=\G%IG% >=CGD%`=EI%I=D%PGH?GDDGP%<@EIG?_%,@E%DM?H?=D=AJ>NR%IG%;>D@%\;>>D%=A%>@CG%`=EI%;%`@<;AR%l;LIG>R%;D%\@?%EIG%\=?DE%E=<G_%/MPPGA>N%IG%\=APD%I=<DG>\%`;AE=AJ%E@%QG%D@<G@AG%\@?%IG?R%;%`=DI%EI;E%L@??GDH@APD%BM=EG%H@@?>N%`=EI%I=D%\GG>=AJ%@\%QG=AJ%VA@EI=AJX_%%

$I=D% `=DI% E@% QG% D@<G@AG% =D% ;% LI;?;LEG?=e=AJ% \G;EM?G% @\% @M?%GgH?GDD=@AD% @\% >@CG% ;AP% <;N% E;SG% <@?G% @?% >GDD% H@GE=L% \@?<D_% *M?%L@ACG?D;E=@AD%;Q@ME%>@CG%;?G%;>D@%\=>>GP%`=EI%@EIG?%D;N=AJD%EI;E%=A%@AG%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%772%&EIG?=PJG%a6FF7b_%773%.%\=?DE%=AE?@PMLGP%EI=D%Gg;<H>G%=A%LI;HEG?%c_%

+ - & $ % + % : !

! !

; H C !

`;N%@?%;A@EIG?%;?G%L@AAGLEGP%`=EI%EIG%DG>\_%.%<;N%D;N%EI;E%.%I;CG%*#0-.%')5&8*!@?%;<%;Q>G%E@%?&!')5&8*!=A%>@CG_%.%<;N%`=DI%E@%8#5&!')5&8*%=A%N@M%@?%=A%>@CGR%@?%\G;?%EI;E%.%I;CG%+43&-!0H!')5&8*%=A%@M?%?G>;E=@ADI=H_%.%<;N%GAL@M?;JG% N@M% E@% QG% $(0&! $#! )#0(5&8*% @?% ;PC=DG% N@M% A@E% E@% 5,@(4*4@&!)#0(5&8*%\@?%EIG%@AG%N@M%>@CG_%%

$IG% \@>>@`=AJ% P=DLMDD=@A% =D% ;A% =ACGDE=J;E=@A% =AE@% D;N=AJD% DMLI% ;D%EIGDG_%!I;E%=AD=JIED%P@%EIGDG%`;ND%@\%EI=AS=AJ%@\%@AGDG>\%;D%VA@EI=AJX%@?% ;D% `;AE=AJ% E@% QG% VD@<G@AGXR% V\=AP=AJ% @AGDG>\X% ;AP% V>@D=AJ%@AGDG>\XR%L@AE?=QMEG%E@%@M?%MAPG?DE;AP=AJ%@\%EIG%L@ALGHE%@\%EIG%DG>\%;D%`G>>%;D%EI;E%@\%>@CGZ%#D%=A%<N%H?GC=@MD%P=DLMDD=@ADR%<N%=AEG?GDE%>=GD%=A%DI@`=AJ%EIG%C;?=GEN%@\%`;ND%=A%`I=LI%`G%<;N%DHG;S%;Q@ME%EIG%DG>\%=A%>@CG% E@% DGG% `I;E% ?@>GD% =E% <;N% I;CG% =A% P=\\G?GAE% D=EM;E=@AD_%KN% ;=<R%I@`GCG?R% =D%A@E%<G?G>N% E@%L;HEM?G%P=\\G?GAE%`;ND%@\%DHG;S=AJR%QME% E@%?G\>GLE%@A%`I;E%P=\\G?GAE%MDGD%@\%EIG%`@?P%VDG>\X%<;N%I;CG%;%H>;LG%=A%>@CGR%;AP%`I;E%MDGD%;?G%QGEEG?%E;SGA%;D%GgH?GDD=@AD%@\%D@<GEI=AJ%G>DG_%%

KN%<;=A%L@AEGAE=@AD%;?G%EIG%\@>>@`=AJ0%$IG?G%=D%;%DGADG%=A%`I=LI%.%AGGP% E@% >@DG% <NDG>\% =A% >@CG_% $I=D% V>@DD% @\% DG>\XR% I@`GCG?R% P@GD% A@E%<G;A%EI;E%>@CG%=D%;%?G>;E=@ADI=H%=A%`I=LI%.%<MDE%D;L?=\=LG%<NDG>\_%/MLI%;% \G;?% \@?<D% H;?E% @\% EIG% \G<=A=DE%`@??N% EI;E% ?@<;AE=L% >@CG% L?G;EGD% ;%P@MQ>G%Q=AP%\@?%`@<GAR%\@?L=AJ%EIG<%E@%\@?JGE%EIG<DG>CGD%=A%EIG%CG?N%?G>;E=@ADI=H%=A%`I=LI%EIGN%;?G%DMHH@DGP%E@%V\=AP%EIG<DG>CGDX%a/GG%G_J_%K@?J;A%711mb_%l;EIG?R% .%`;AE% E@% ;?JMG% EI;E% >@CG%<;N% ?G;>>N%J=CG%<G%EIG%@HH@?EMA=EN% E@%QG%<NDG>\% =A%`I;E%`G%<;N% EI=AS%@\%;D% EIG%HM?GDE%DGADG%@\% EIG%`@?P_% .E%<;N%;>>@`%<G% E@%QG% D@<G@AG% =A%J=C=AJ%<G% EIG%LI;ALG%E@%?G\>GLE%@A%<N%J@;>DR%;DH=?;E=@AD%;AP%L@<<=E<GAEDR%@A%`I;E%.%?G;>>N%`;AE%E@%P@%@?%QG_%%

TM?EIG?<@?GR% .% ;?JMG% EI;E% EIG% ;HH;?GAE% H;?;P@g% =A% E;>S=AJ% ;Q@ME%\=AP=AJ%<NDG>\%QN%>@D=AJ%<NDG>\%?GC@>CGD%;?@MAP%P=\\G?GAE%MDGD%@\%VEIG%DG>\X% E@% `I=LI% HI=>@D@HIG?D% I;CG% @\EGA% A@E% H;=P% L;?G\M>% GA@MJI%;EEGAE=@A_% K;AN% HI=>@D@HI=L;>% P=DLMDD=@AD% @\% EIG% DG>\% AGJ>GLE% EIG%GDDGAE=;>>N%<@?;>%LI;?;LEG?%@\% EG>>=AJ%D@<G@AG% E@%QG%VE?MG% E@%IG?DG>\X%@?% GAL@M?;J=AJ% D@<G@AG% E@% V^MDE% QG% N@M?DG>\X% =A% \;C@M?% @\%<GE;HIND=L;>% ;LL@MAED% @\% `I;E% EIG% DG>\% =D_% ,GJ>GLE=AJ% EI=D% <@?;>%\G;EM?G% @\% @M?% P=\\G?GAE% `;ND% @\% E;>S=AJ% ;Q@ME% EIG% DG>\% ;AP% EIG%PG<;APD%EI;E%EIGN%<;SG%@A%MDR%I@`GCG?R%L@ADE=EMEGD%;%\;=>M?G%`=EI=A%@M?% HG?D@A;>% ?G>;E=@ADI=HD% ;D% `G>>% ;D% `=EI=A% HI=>@D@HIN_% $IG%EG<HE;E=@A%E@%DG;?LI%\@?%;A%@AE@>@J=L;>%;AD`G?%E@%EIG%BMGDE=@A%@\% EIG%DG>\%@QDLM?GD%EIG%HI=>@D@HI=L;>%BMGDE=@AD%@\%EIG%DG>\%=A%<MLI%EIG%D;<G%`;N%;D%EIG%`=DI%E@%QG%D@<GEI=AJ%H;?E=LM>;?R%@?%EIG%EG<HE;E=@A%E@%E?N%E@%QGL@<G%D@<G@AGR%=D%;%P=DE@?E=@A%@\%>@CG_%

! > + ! , ($ % ! % # ! ) & ! + $ ! 6 # 0 & ? !

!

; H = !

.A% EIG% \=?DE% DGLE=@A% @\% EIG% LI;HEG?% .% L@AE=AMG% E@% G>;Q@?;EG% @A% EIG%H?@Q>G<D% =AC@>CGP% =A% EIG%HI=>@D@HI=L;>%H?@HGAD=EN% E@% L@ALGAE?;EG%@A%BMGDE=@AD%@\%7%,$%;%VDG>\X%@?%VHG?D@AX%=DR771%;AP%DMJJGDER%;J;=AR%EI;E%`G%H;N%IGGP%E@%EIG%\;LE%EI;E%@M?%L@ALG?A%=A%@M?%HG?D@A;>%?G>;E=@AD%=D%?;EIG?%`=EI% 7%#% D@<G@AG% =D_% .% P=DLMDD% WG;A4O;M>% /;?E?GiD% Gg=DEGAE=;>=DE%L?=E=L=D<%@\% E?;P=E=@A;>% @AE@>@J=L;>% ;LL@MAED%@\% EIG%IM<;A%QG=AJR%QME%DE;EG% EI;E%IG% DE=>>% \;=>D% E@% ;HH?GL=;EG% EIG%<@?;>% P=<GAD=@AD% @\% E;>S=AJ%;Q@ME%`I@R%;AP%A@E%<G?G>N%`I;ER%`G%;?G_%.A%EIG%DGL@AP%H;?ER%.%EM?A%E@%EIG%A@E=@AD%@\%>@D=AJ%;AP%\=AP=AJ%@AGDG>\%=A%>@CGR%;AP%E?N%E@%DHG>>%@ME%EIG%=<H>=L;E=@AD%@\%EIG%\=?DE%H;?E%\@?%@M?%MAPG?DE;AP=AJ%@\%VEIG%DG>\%=A%>@CGX_% .% L>;=<% EI;E% EIG% BMGDE=@A% @\%7%#% `G% ;?G% =A% >@CG% =D% =AEG?A;>>N%?G>;EGP% E@% EIG% BMGDE=@A% ;Q@ME% %#7% `G% ;?G% =A% @M?% ?G>;E=@AD% E@% @EIG?%HG@H>G_%

+ !%.&!7$+%:!#A!(!9&*'#$K'!6+A&!

$@%?GEM?A%E@%<N%=A=E=;>%Gg;<H>G0&T@?%EIG%C=G`G?D%=E% =D%L>G;?%EI;E%MH%E@%EIG%H@=AE%;E%`I=LI%!=>>%<GGED%K;?LMD%IG%=D%<=DD=AJ%D@<GEI=AJ%=A%I=D%V=D>;AP4>=\GX_% "G% =D% A@E% ;% HG?D@A% a@?% ;% IM<;A% QG=AJb% =A% EIG% PGGHGDE%DGADG%@\%EIG%`@?P_%$I=D%\;=>M?G%E@%QG%D@<GEI=AJ%<@?G%EI;A%;A%=D>;AP%=D%>;?JG>N% L@ADE=EMEGP% QN% I=D% \;=>M?G% E@% L@<<=E% ;AP% \@?<% ?G>;E=@AD% E@%;ANEI=AJ%@?%;AN@AG%@MED=PG%I=<DG>\_%"=D%\GG>=AJ%@\%QG=AJ%VA@EI=AJX%=DR%D@% E@% D;NR% ;% ?G\>GLE=@A% @\% EIG% \;LE% EI;ER% ;H;?E% \?@<% K;?LMDR% IG% I;D%A@Q@PN% @?% A@EI=AJ% =A% I=D% >=\G% EI;E%<;EEG?D% E@% I=<% ;AP% A@Q@PN%`I@%L;?GD%;Q@ME%I=<_%"G%P@GD%A@ER%;D% =E%`G?GR% >;ELI%@A% E@%;ANEI=AJ% =A%I=D%>=\G_%,@Q@PN%`=DIGD%I=<% E@% QG% D@<GEI=AJ% @EIG?% EI;A%IG% =DR% L;?GD% \@?%I=<%?G<;=A=AJ%EIG%D;<G%@?%GAL@M?;JGD%I=<%E@%LI;AJG_%%

.\%`G%EM?A%E@%EIG%;AD`G?D%HI=>@D@HIG?D%I;CG%E?;P=E=@A;>>N%J=CGA%E@%EIG%BMGDE=@A%@\%`I;E%;%DG>\%=DR%I@`GCG?R%EIGN%DGG<%E@%QG%BM=EG%L@AEGAE%`=EI% C=G`=AJ% HG?D@AD% ;D% =D>;APD_% K@DE% HI=>@D@HIG?D% I;CG% \;C@M?GP%=AP=C=PM;>=DE=LR%A@A4?G>;E=@A;>%;LL@MAED%@\%EIG%DG>\_%$@%\=AP%@ME%`I;E%IG%`;D%;D%;%DG>\%@?%;%HG?D@AR%YGDL;?EGD%a71c7b%>@LSGP%I=<DG>\%=A%;%?@@<%E@%?G;LI% ;A% ;AD`G?% E@% I=D% BMGDE=@A% QN%<G;AD% @\% =AE?@DHGLE=@A%`=EI@ME%L@AE;LE%E@%EIG%@MEG?%`@?>P%@?%E@%@EIG?%HG@H>G_%"G%\@MAP%EI;E%IG%`;D%V;%DMQDE;ALG% EIG%7%#8&% A;EM?G% @\%`I=LI% =D% E@% EI=ASX% a7F7R%')! &'H%,545b_%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%771% #>EI@MJI% EIG?G% ;?G% D=EM;E=@AD% =A% `I=LI% EIG?G% =D% ?G;D@A% E@% P=DLMDD% EIG% L@ALGHED%VHG?D@AX%;AP%VDG>\X%;D%P=DE=ALE%\?@<%G;LI%@EIG?R%.%@\EGA%MDG%EIG<%=AEG?LI;AJG;Q>N_%.A%<@DE% L;DGD%`IG?G% .% P=DLMDD% EIG%<G;A=AJ% EIGN% I;CG% QGGA% J=CGA% =A% HI=>@D@HINR% EIGN%DE;AP%=A%\@?%VEI;E%`I=LI%HI=>@D@HIG?D%I;CG%E;SGA%E@%QG%EIG%?G\G?GAE%@\%EIG%`@?P%x.iX_%

+ - & $ % + % : !

! !

; H H !

"M<G%a7123b%;>D@%;EEG<HEGP%;%D=<=>;?%>@@S%=AD=PGR%QME%\@MAP%VA@EI=AJ%QME% ;% QMAP>G% @?% L@>>GLE=@A% @\% P=\\G?GAE% HG?LGHE=@ADX% a656b_% $IMDR% IG%L@AL>MPGP% EI;E% EIG% VvEwIG% =PGAE=ENR%`I=LI%`G% ;DL?=QG% E@% EIG%<=AP% @\%<;AR%=D%@A>N%;%\=LE=E=@MD%@AGX%a"M<G%7123R%651b_%$IG=?%;AD`G?D%E@%`I;E%;%DG>\% =D%;?G%P=CG?J=AJR%QME%EIG=?%L@ALG?A%`;D%EIG%D;<G_%$IGN%E?=GP%E@%D;N%7%,$% ;% DG>\% =D% =A%@?PG?% E@%@\\G?%@AE@>@J=L;>%MAPG?H=AA=AJD% \@?%@M?%\M?EIG?%P=DLMDD=@AD%@\%HG?D@AD%@?%DG>CGD_%%

$IG=?% C=G`D% @A% EIG% DG>\R% ;AP% GDHGL=;>>N% @A% EIG% ;ME@A@<@MD% DG>\R%I;CG% QGGA% L?=E=L=eGP% QN% <;AN% HI=>@D@HIG?D_76F% ,GCG?EIG>GDDR% EIG%BMGDE=@A%@\%`I;E%;%HG?D@A%@?%;%DG>\%=D%I;D%A@E%>@DE%=ED%J?=H_%#%>@@S%;E%EIG%L@AEG<H@?;?N%P=DLMDD=@AD%@\%HG?D@A4%;AP%DG>\I@@P%H?@CGD% EI;E%<;AN%HI=>@D@HIG?D%E;SG%EIG%D;<G%?@MEG%@\%E?N=AJ%E@%H?@C=PG%;%<GE;HIND=L;>%;AD`G?%E@%EIG%BMGDE=@A%@\%`I;E%;%HG?D@A%=D_767%$I=D%=D%;>D@%;HH;?GAE%=A%<;AN%@\%EIG%P=DLMDD=@AD%;Q@ME%HG?D@AD%=A%<@?;>%HI=>@D@HINR%;=<=AJ%;E%J?@MAP=AJ% @M?%<@?;>% H?;LE=LGD% =A% ;% EIG@?N% @\% EIG%HG?D@A% @?% EIG% DG>\_%*\EGA% EIG% P=DLMDD=@AD% ;?G% `G=JIGP% P@`A% QN% @AE@>@J=L;>%L@AD=PG?;E=@AD% @\% `I;E% EIG% HG?D@A% 45R% E?N=AJ% E@% ?GD@>CG% E@% `I;E%L;EGJ@?N%@\%QG=AJD%EIG%EG?<%?G\G?D_766%

OI=>@D@HIN%=D%@\%L@M?DG%A@E%C@=P%@\%L?=E=L=D<D%;J;=ADE%EIGDG%S=APD%@\%@AE@>@J=L;>% =ACGDE=J;E=@AD% ;Q@ME% `I;E% EIG% IM<;A% QG=AJ% =DR% ;<@AJ%`I=LI%Gg=DEGAE=;>=DE%;AP%HIGA@<GA@>@J=DE%L?=E=BMGD%;?G%HG?I;HD%<@DE%H?@<=AGAE_76c%*AG%@\%EIG%<@?G%\;<@MD%L?=E=L=D<D%@\%=E%=D%HG?I;HD%E@%QG%\@MAP%=A%/;?E?GiD%a6FFcb%;LL@MAE%@\%?;P=L;>%\?GGP@<_%/;?E?G%?G^GLED%;AN%@AE@>@J=L;>%;EEG<HE%E@%L;HEM?G%EIG%GDDGALG%@\%;%IM<;A%QG=AJR%L>;=<=AJ%EI;E% EIG% @A>N% EI=AJ% EI;E% LI;?;LEG?=eGD%IM<;A%QG=AJD% =D% @M?% ;Q=>=EN% E@%E?;ADLGAP% ;AP% AGJ;EG% EIG% J=CGAn% `G% ;?G% LI;?;LEG?=eGP% QN% EIG%H@DD=Q=>=EN% -#$! E@% QG% QN% L@AE?;DE% E@% =A;A=<;EG% @Q^GLED% `I=LI% D=<H>N%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%76F%K;AN%\G<=A=DE%L?=E=BMGD%@\%EIG%;ME@A@<@MD%DG>\%G_J_%H@=AE%E@%EIG%`;ND%=A%`I=LI%EIG%DG>\%=D%D=EM;EGP%;AP%L@ADE=EMEGP%QN%D@L=;>%?G>;E=@AD_%/GG%G_J_%)GAI;Q=Q%a7116bR%T?=GP<;A%a6FF5bR%h?=<DI;`% a6FF5b_% T@?%;%!=EEJGADEG=A=;A% L?=E=L=D<%@\% EI=D% =PG;%@\% EIG% DG>\R% DGG%G_J_%:@LSQM?A%a7133R%7131b%;AP%:@@S%a7181b_%.%`=>>%A@E%\M?EIG?%;?JMG%EI;E%@M?%DG>CGD%;?G%?G>;E=@A;>% ;AP% D=EM;EGP% QME% E;SG% =E% ;D% ;% DE;?E=AJ% H@=AE% \@?% EIG% P=DLMDD=@A_% /E=>>R% DMLI%;LL@MAED%@\%VEIG%DG>\X%P@%A@E%GgI;MDE%`I;E%=E%<G;AD%E@%QG%;%IM<;A%QG=AJR%@?%EIG%<@?;>%P=<GAD=@A%@\%>=C=AJ%=A%?G>;E=@AD%E@%@EIG?%HG@H>G_%%767% $I=D% `;D% @AG% @\% EIG% EIG<GD% =A% ;% L@A\G?GALG% @A% HG?D@AI@@P% EI;E% E@@S% H>;LG% =A%WNCUDSN>U% =A% 6FFmR% =A% `I=LIR% ;<@AJ% @EIG?DR% &?=L% *>D@A% ;AP% 'NAAG% lMPPG?% );SG?%H;?E=L=H;EGP%`=EI%H;HG?D%EI;E%GgH>=L=E>N%PG;>E%`=EI%EI=D%BMGDE=@A_%766% :\_% W@IA% '@LSGiD% P=DLMDD=@AD% @\% HG?D@AI@@P% ;AP% =A%<@PG?A% E=<GD% OGEG?% /=AJG?iD%P=DLMDD=@AD%@\%;A=<;>%?=JIED%;AP%Q=@4GEI=LD_%76c% #H;?E% \?@<% /;?E?GR% @AG% <;N% <GAE=@A% &<<;AMG>% 'dC=A;DR% (_&_% 'ÇJDE?MHR% 'MLG%.?=J;?;NR%K;?E=A%)MQG?%;AP%/Ç?GA%(=G?SGJ;;?P_%

! > + ! , ($ % ! % # ! ) & ! + $ ! 6 # 0 & ? !

!

; H @ !

;?G_76m% $IMDR% EIG% D>@J;A% VGg=DEGALG% H?GLGPGD% GDDGALGX_% $@% I=<R% ;AN%;EEG<HE%E@%PGDL?=QG%EIG%IM<;A%QG=AJ%=D%;A%;EEG<HE%E@%Q=AP%IG?R%EI;E%=DR%E@% ?GPMLG%IG?% E@% ;%AM<QG?% @\% \;LED_% $IG% L@<<@A%IM<;A% ?G;LE=@A% E@%EI=D% \;LE% ;Q@ME% @M?% Gg=DEGALGR% I@`GCG?R% /;?EG% L>;=<DR% =D% \G;?% ;AP%;AJM=DI_%:@ADGBMGAE>N%IG%=AE?@PMLGD%EIG%EG?<%VQ;P%\;=EIX%E@%PGDL?=QG%EIG%PGD=?G%E@%GDL;HG%@AGiD%\?GGP@<%QN%;LE=AJ%;D%=\%@AGiD%=PGAE=EN%`G?G%?GPML=Q>G% E@% D@<G% DHGL=\=L% \G;EM?GDR% ;D% =D% EIG% =PGAE=EN% @\% =A;A=<;EG%@Q^GLED_%"G% GgG<H>=\=GD% EI=D% ;EE=EMPG% =A% I=D% PGDL?=HE=@A% @\% EIG%`;=EG?%`I@%=A%GCG?N%JGDEM?G%;AP%<@CG<GAE%E?=GD%E@%?&%;%`;=EG?_%$IG%;EEG<HE%E@%QG%D@<GEI=AJR%I@`GCG?R%=D%P@@<GP%E@%\;=>R%D=ALG%%&%=D%AGCG?%=PGAE=L;>%`=EI%EI;E%`I=LI%IG%H?GEGAPD%E@%QG_%a/;?E?G%6FFcR%3643mb%%

)GDGE% `=EI% <;AN% H?@Q>G<D% @\% =ED% @`AR% E@% `I=LI% .% `=>>% ?GEM?A%EI@MJI@ME% EIG%P=DLMDD=@AR%/;?E?GiD%Gg=DEGAE=;>%;LL@MAE%@\% EIG%<@PG%@\%IM<;A%Gg=DEGALG%I;D%;A%;PC;AE;JG%@CG?%EIG%@EIG?%@AE@>@J=L;>%;EEG<HED%E@%PGDL?=QG%`I;E%EIG%IM<;A%DG>\%=D%=A%EI;E%=E%H>;LGD%EIG%BMGDE=@A%@\%`I@%`G%;?G%=A%;%<@?;>%;AP%Gg=DEGAE=;>%\?;<G`@?S_%.E%PGA=GD%EI;E%EIG?G%L@M>P%QG%;AN%DMLI%EI=AJ%;D%;%L@?G%E@%`I=LI%EIG%`@?P%V.X%a@?%\@?%EI;E%<;EEG?%VN@MXR% VIGXR% VDIGXR% ;AP% D@% @Ab% L@??GDH@APDR765% ;AP% L>;=<D% EI;E% ;AN%;EEG<HE% E@%H@=AE% E@% D@<G% DMLI% EI=AJ% =AC@>CGD% ;% \;=>M?G% E@% ;LLGHE% EIG%\?GGP@<% @AG% I;D% QGGA% J=CGA% ;D% ;% IM<;A% QG=AJ_% .A% EI=DR% /;?E?G% ;>D@%@\\G?D%;A%=<H>=L=E%L?=E=BMG%@\%@EIG?%HI=>@D@HIG?D_%T?@<%EIG%HG?DHGLE=CG%@\%VQ;P%\;=EIX%EIG%HI=>@D@HI=L;>%;EEG<HE%E@%J=CG%;A%@AE@>@J=L;>%;AD`G?%E@%`I;E%IM<;A%QG=AJD%;?GR%;AP%EIMD%;>D@%E@%`I;E%EIGN%EIG<DG>CGD%;?GR%=D%P?;`A%=AE@%BMGDE=@A_%$IG%;EEG<HE%E@%J;=A%L@AE?@>%@CG?%EIG%@Q^GLE%@\%@AGiD% ?G\>GLE=@ADR% EI;E% =D% @AGDG>\R% QGL@<GD% ;A% GgH?GDD=@A% @\% Q;P% \;=EI%=EDG>\R% ;AP% =A% EIG% GAP% ;% ?G^GLE=@A% @\% @AGiD% IM<;A=EN% ;AP% EIG% @HGA4GAPGP%LI;?;LEG?%@\%IM<;A%>=\G_%

.A%EI=D%DE?MJJ>G%\@?%L@AE?@>R%/;?E?GiD%;LL@MAE%;>D@%L;HEM?GD%;%\G;EM?G%@?%@M?%H?GP=L;<GAE%EI;E%=D%;>>%E@@%IM<;A_%!G%<;N%D@<GE=<GD%QGL@<G%D@%L;MJIE%MH%`=EI%I@`%`G%H?GDGAE%@M?DG>CGD%E@%@EIG?DR%`=EI%I@`%EIGN%HG?LG=CG% MDR% @?% I@`%`G>>%`G% HG?\@?<% ;% H;?ER% EI;E%`G% ;LEM;>>N% EI=AS%EI;E% EI=D% =D% ;>>% EIG?G% =D% E@% MD_% !G% <;N% H?;=DG% HG@H>G% \@?% QG=AJ%=AP=C=PM;>DR%QME%@\EGA%GA@MJI%`G%DGG<%<@?G%L@AEGAEGP%`=EI%Q>GAP=AJ%=A%`=EI%EIG%L?@`P_768%,@AG%@\%MD%`;AED%E@%DE=LS%@MER%;AP%EIG%@AGD%`I@%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%76m%*?% E@%MDG% /;?E?GiD% EG?<=A@>@JNR% @Q^GLED% ;?G% LI;?;LEG?=eGP%QN% Vj$(&4&-95#4X%`IG?G;D%L@ADL=@MDAGDD% =D% LI;?;LEG?=eGP%QN% Vj$(&9H#0(95#4K!;AP% L;A%AGCG?% QG% ?GPMLGP% E@% QG=AJ%V&-95#4X_%765%.%`=>>%<;=A>N%P=DLMDD%/;?E?GiD%L?=E=L=D<%=A%?G>;E=@A%E@%EIG%=PG;%@\%;%L@?G%DG>\%D=ALG%=E%=D%H?=<;?=>N%P=?GLEGP%;E%EIG%?;E=@A;>=DE%E?;P=E=@A%QGJ=AA=AJ%`=EI%YGDL;?EGD_%768%:\_%"G=PGJJG?iD%VP;D%K;AX_%%

+ - & $ % + % : !

! !

; @ G !

P@% L;A% MDM;>>N% QG% ;DDM<GP% P@% D@% @A>N% =A% EIG% <;AAG?% EI;E% EIGNR%EIG<DG>CGDR%LI@@DG_%#E% EIG%@EIG?%GAPR%`G%<;SG%@EIG?%HG@H>G%GBM;>>N%Q>;AP_%.%@Q^GLE=\N%N@M%QN%E?G;E=AJ%N@M%;D%L@ADE=EMEGP%QN%LG?E;=A%\;LED_%.%Q?;AP% N@M% ;D% ?=P=LM>@MD% ;AP% ?G\MDG% E@% DGG% ;ANEI=AJ% EI;E% =D% A@E%?=P=LM>@MD% =A%N@M?%;LE=@AD%;AP%`@?PD_%*?R% .% =PG;>=eG%N@MR%;%?GLM??GAE%G??@?%=A%>@CGR%;AP%E?N%E@%\@?LG%N@M%E@%>=CG%MH%E@%<N%H=LEM?G%@\%N@M_%%

.A% EIGDG% D=EM;E=@ADR% =A%`I=LI%@M?%PGDL?=HE=@A%@\%D@<G@AG% =D%A@E% D@%<MLI%;%PGDL?=HE=@A%;D%;%`;N%@\%P=<=A=DI=AJ%D@<G@AG%QN%?GPML=AJ%IG?%E@%@M?%PGDL?=HE=@AR%=E%=D%L>G;?%EI;E%@M?%?G<;?SD%;Q@ME%`I@%D@<G@AG%45R%L;A%QG% DGGA%;D%GgH?GDD=AJ% EIG%H@`G?4?G>;E=@AD% EI;E%Gg=DE% QGE`GGA%MD_%)ME%;>EI@MJI%DHG;S=AJ%@\%Q;P%\;=EI%<;N%I;CG%;%?@>G%=A%EIGDG%D=EM;E=@ADR%=E%=D%\;?%\?@<%QG=AJ%EIG%L;DG%EI;E%@M?%@A>N%`;N%@\%MAPG?DE;AP=AJ%`I;E%`;AE=AJ% E@% QGL@<G% @?% QG% D@<G@AG% <;N% <G;A% AGLGDD;?=>N% I;D% EI=D%\G;EM?G_%%

/;?E?G%DI@`D%MD%`I;E%I;HHGAD%`IGA%;%LG?E;=A%<GE;HIND=LD%@\% EIG%DG>\R%EI=AS=AJ%@\%@M?DG>CGD%;D%@Q^GLEDR%=D%HME%=AE@%H?;LE=LG_%$I=D%=D%A@E%E@%D;N%EI;E%@M?%H?;LE=LG%@\%Q;P%\;=EI%PG?=CGD%\?@<%Q;P%HI=>@D@HI=GD%@\%EIG%DG>\_%l;EIG?R%=E%=D%;%H@=AE%;Q@ME%EIG%<@?;>%=<H>=L;E=@AD%@\%DMLI%;A%=PG;R%;D%`G>>%;D%;%?G<=APG?%EI;E%;DHGLED%@\%@M?%HG?D@A;>%>=\G%I;CG%;%EGAPGALN%E@%L?GGH%=AE@%@M?%HI=>@D@HI=e=AJ_%)ME%GCGA%=\%/;?E?G%E?=GD%E@%\?GG%MD%@\%@AG%<GE;HIND=LDR%IGR%AGCG?EIG>GDDR%H?@C=PGD%MD%`=EI%;%<GE;HIND=LD%@\%I=D% @`A_%"G% ?G^GLED%@AG%@AE@>@JNR%QME% =AE?@PMLGD% ;A@EIG?%@AG%`I=LI%E;SGD% @M?% VA@EI=AJAGDDX% ;D% =ED% DE;?E=AJ% H@=AE_% ,@`R% EIG?G% ;?G% <;AN%H@=AED% E@%QG%<;PG%;Q@ME% EIG%`;ND% =A%`I=LI% EIG%DGADG%IM<;A%QG=AJD%L;A% QG% D;=P% E@% VQGX%P=\\G?D% \?@<% EIG% DGADG% =A%`I=LI%P=\\G?GAE% @Q^GLED%V;?GX_%#%QGEEG?%\@?<M>;E=@A%=D%EI;E%EIG?G%=D%;%C;?=GEN%@\%P=DE=ALE=@ADR%;D%`G>>% ;D% D=<=>;?=E=GDR% QGE`GGA% IM<;A% QG=AJD% ;AP% @Q^GLED% EI;E% =E% =D%=AEG>>=J=Q>G%E@%<;SG%=A%LG?E;=A%D=EM;E=@AD_%$IG%L>;=<%EI;E%IM<;A%QG=AJD%JGAG?;>>N%;AP%GDDGAE=;>>N%V;?G%A@EXR%I@`GCG?R%=D%;D%H?@Q>G<;E=L%;D%;AN%DE;EG<GAE% ;D% E@% `I;E% EIGN% JGAG?;>>N% ;AP% GDDGAE=;>>N% V;?GX_% $I=D%QGL@<GD% GC=PGAE% A@E% >G;DE% =A% /;?E?GiD% PGH=LE=@AD% @\% IM<;A%?G>;E=@ADI=HD_%

.A%I=D% \;C@M?R% =E%<;N%QG% D;=P% EI;E%IG%H?GDMHH@DGD% EIG%Gg=DEGALG%@\%@EIG?D_%$IG%<;AAG?% =A%`I=LI%VEIG%*EIG?V%GAEG?D%<N% >=\GR%I@`GCG?R% =D%\=>>GP%`=EI%@#-*84@$%a/;?E?G%6FFcR%c38b_%/;?E?G%H@?E?;ND%IM<;A%QG=AJD%;D%;AE;J@A=DEDR% ;D% >=<=ED% ;AP% EI?G;ED% E@% G;LI% @EIG?iD% \?GGP@<_%"G% =DR% ;D%<@DE% @\% N@M% H?@Q;Q>N% SA@`R% SA@`A% E@% I;CG% D;=PR% V"G>>% =D% @EIG?%HG@H>GX_% *EIG?% HG@H>G% E=G% <G% P@`AR% Q?;AP% <G% ;AP% \@?LG% <G% E@% QG%D@<GEI=AJ% EI;E% .% ;<% A@E% aD=ALG% .% ,'% VA@EI=AJXb_% $I=D% C=G`% =D% ;>D@%;HH;?GAE% =A%I=D% E?G;E<GAE% @\% >@CG_% $@%I=<R% >@CG% =D%A@E% ;%Q@AP% =A% EIG%DGADG%@\%;%L@<<=E<GAE%E@%G;LI%@EIG?_%.E&=D%D@<GEI=AJ%EI;E%E?M>N%Q=APD%

! > + ! , ($ % ! % # ! ) & ! + $ ! 6 # 0 & ? !

!

; @ ; !

MD_& .% DGGS%N@M?% \?GGP@<R%;D% \?GGP@<R%QME% .% \G;?% EIG% EI@MJIE% EI;E%N@M%J=CG%N@M?DG>\%E@%<G%@\%N@M?%\?GG%`=>>R%;AP%<;N%EIG?G\@?G%;>D@%`=EII@>P%N@M?%>@CGR%;AP%`;AE%\@?%N@M%E@%QG%Q@MAP%E@%<G%QN%@EIG?%<G;AD_%,@E%@A>N%P@%.%DGGS%E@%>=<=ER%@?%@Q^GLE=\N%N@MR%;LL@?P=AJ%E@%/;?E?GR%.%;>D@%DGGS%E@% QG% @Q^GLE=\=GP%<NDG>\R% E@% J=CG% MH%<N% DE;EMD% ;D% ;% DMQ^GLE% E@% QG% EIG%@Q^GLE%@\%N@M?%>@@S_%:@ADGBMGAE>N%>@CG%L@ADE=EMEGD%;A%=<H@DD=Q=>=EN%\@?%I=<R% D=ALG% .% ;AP% N@MR% =A% @M?% \?GGP@<R% L;AA@E% QG% Q@MAP% `=EI@ME%DMLLM<Q=AJ% E@% Q;P% \;=EI_% .A% QG=AJ% Q@MAP% E@% D@<GEI=AJR% EIGA% /;?E?G%DGGD%EIG%P;AJG?%@\%>@D=AJ%@AGDG>\%;AP%@AGiD%\?GGP@<%a6FFcR%c334mF7b_%%

"@`GCG?R% =E% ;HHG;?D% D=<H>N% `?@AJ% E@% EI=AS% EI;E% `G% L;A% @A>N%L@ALGHEM;>=eG%`;ND%@\%QG=AJ%`=EI%G;LI%@EIG?%EI;E%;?G%Q;DGP%@A%H@`G?%;AP%P@<=A;ALG_762%!G%P@%A@E%AGLGDD;?=>N%AGGP%E@%EI=AS%@\%GCG?N%MDG%@\%EIG%`@?P%V.X%;D%;A%;EEG<HE% E@%GgG?E%L@AE?@>_%,@?%P@%`G%I;CG% E@% E;SG%!=>>iD%`=DI%E@%QG%VD@<G@AGX%\@?%l;LIG>%;D%;%D=JA%@\%VQ;P%\;=EIXR%;D%;%`;N%@\% ?GPML=AJ%I=<DG>\% E@%;A%@Q^GLE%@\%IG?% >@@S_%"=D%`=DI%<;N%;>D@%DG?CG%;D%;%?G<=APG?%@\%EIG%`;ND%=A%`I=LI%`G%<;N%QG%@?%<;EEG?%E@%G;LI%@EIG?%=A%>@CG_%$@%/;?E?GR%=E% =D%A@E%@A>N%=A%D=EM;E=@AD%=A%`I=LI%D@<G@AG%H?GEGAPD% E@% QG% D@<GEI=AJ% @EIG?% EI;A% IG% =D% EI;E% `G% <;N% DHG;S% @\%PGLGHE=@ADn% EIG% `I@>G% =PG;% @\% EI=AS=AJ% ;Q@ME& QG=AJ% D@<GEI=AJ%=AC@>CGD%;%H?GEGALG0%GCG?N%PGDL?=HE=@A%QGL@<GD%;A%;EEG<HE%E@%L;HEM?G%@M?%QG=AJ%@?%PGH?=CG%MD%@\%@M?%\?GGP@<_%/MLI%;A%;DDG?E=@A%;D%E@%`I;E%VQG=AJX%GAE;=>DR%>G;CGD%<MLI%E@%;DS%\@?%=A%EIG%P=\\G?GAE%`;ND%=A%`I=LI%`G%MDM;>>N%J@%;Q@ME%DHG;S=AJ%;Q@ME%`I@%D@<G@AG%=D_%%

$IG?G%=D%;%L>G;?>N%PGDE?MLE=CG%E?;=E%=A%/;?E?GiD%`?=E=AJD%;Q@ME%IM<;A%?G>;E=@ADR%`I=LI%=D%`@?>PD%;H;?E%\?@<%`I;E%HI=>@D@HIG?D%DMLI%;D%(_%&_%'ÇJDE?MH%;AP%&<<;AMG>%'dC=A;D%I;CG%I;P%E@%D;N%;Q@ME% EIG%VGEI=L;>%PG<;APX%=A%@M?%?G>;E=@ADI=HD%`=EI%@EIG?D%a'ÇJDE?MH%7112b%;AP%;Q@ME%EIG% VAMP=ENX% ;AP% V`?GELIGPAGDDX% `=EI% `I=LI% EIG% @EIG?iD% \;LG%L@A\?@AED% MD% a'dC=A;D% 7138R% c56b_% $@% MDG% =<;JG?N% =AC@SGP% QN%'ÇJDE?MHiD%a7116b%D;N=AJ%EI;E%`IGA%<GGE=AJ%HG@H>G%`G%;>`;ND%I@>P%;%H=GLG% @\% EIG% @EIG?iD% >=\G% =A% @M?%I;APD% am3b763R% =E% ;HHG;?D% EI;E% EIG% @A>N%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%762%K;?E=A%)MQG?%a6FFmbR%\@?%=ADE;ALGR%P=DE=AJM=DIGD%QGE`GGA%E`@%P=\\G?GAE%;EE=EMPGD%`G%<;N%E;SG%E@%D@<GQ@PNR%?GJ;?P=AJ%D@<G@AG%;D%;A%4$%;AP%;D%;%)#0_%763%"G?G%.%\@>>@`%EIG%/`GP=DI%E?;AD>;E=@A%;AP%A@E%EIG%&AJ>=DI_%$IG%/`GP=DI%DHG;SD%@\%I@>P=AJ% ;A@EIG?% HG?D@A% =A% @AGiD% I;APR% XYGA% GADS=>PG% I;?% ;>P?=J% <GP% GA% ;AA;A%<UAA=DS;% ;EE% J]?;% ME;A% ;EE% I;A% I[>>G?% A[J@E% ;C% PGA% ;AP?;% <UAA=DS;AD% >=C% v=w% D=A%I;APXR%`IG?G;D% EIG%&AJ>=DI% E?;AD>;E=@A% DE;EGD% EI;E%`G%;>`;ND%I;CG%VD@<G%PGJ?GG%@\%L@AE?@>% @CG?% HG@H>G_% V#% HG?D@A% AGCG?% I;D% D@<GEI=AJ% E@% P@% `=EI% ;A@EIG?% HG?D@A%`=EI@ME%;>D@%I;C=AJ%D@<G%PGJ?GG%@\%L@AE?@>%@CG?%I=<%@?%IG?V%a'ÇJDE?MH%7112R%75478b_%"G?GR%.%EI=AS%=E%=D%L>G;?%EI;E%EIG%/`GP=DI%E?;AD>;E=@A%L@ACGND%<@?G%@\%EIG%E@AG%@\%C@=LG%@\%EIG%@?=J=A;>_%

+ - & $ % + % : !

! !

; @ D !

`;N%/;?E?G%L@M>P%<;SG%DGADG%@\%DMLI%;%H=LEM?G%=D%=A%EG?<D%@\%I@>P=AJ%N@M% =A% ;% J?=H% ;AP% L?MDI=AJ%N@M%`=EI%<N%I;APD_%:G?E;=A>NR% =E% =D% E?MG%EI;E%`G%<;N%MDG%EI=D%\;LE%=A%@?PG?%E@%E;SG%;PC;AE;JG%@\%@EIG?%HG@H>G0%`G%<;N% MDG% EIG=?% CM>AG?;Q=>=EN% \@?% @M?% @`A%<G;AD_% $I=D% GgG?L=DG% @\%H@`G?%<;N%;>D@%I;CG%P=D;DE?@MD%L@ADGBMGALGD%\@?%EIG%HG@H>G%=AC@>CGP%=A%;%?G>;E=@ADI=HR%GCGA%=A%?G>;E=@ADI=HD%EI;E%J@%QN%EIG%A;<G%>@CG_%!G%<;N%GCGA%EI=AS%=E%\@?<D%;%H;?E=LM>;?%EI?G;E%E@%EIGDG%?G>;E=@ADI=HDR%D=ALG%EIGN%;?G%A@E%L@<<@A>N%EI@MJIE%E@%=AC@>CG%H@`G?_%.A%EI=D%?GDHGLER%EIG%\G<=A=DE%`@??N%EI;E%?@<;AE=L% >@CG%?MAD%EIG%?=DS%@\%\@?<=AJ%;%E?;H%\@?%`@<GAR% \@?L=AJ% EIG<% E@% QGL@<G% P@L=>G% I@MDG`=CGD% @?% DG?C;AED% E@%EIG=?% IMDQ;APDi% GCG?N% `I=<R% <;N% `G>>% QG% ^MDE=\=GP_761% )ME% ;>EI@MJI%EIG?G%=D%A@%?G;D@A%`IN%`G%DI@M>P%,!H(4#(4%SGGH%LG?E;=A%D@L=;>%?G>;E=@AD%\?@<%L>@DG?%DL?ME=AN%=A%C=?EMG%@\%EIG=?%;>>GJGP%HM?=ENp`G%DI@M>P%;>D@%QG%L;?G\M>%A@E%^MDE%E@%;DDM<G%EI;E%@M?%@`A%HG?D@A;>%?G>;E=@ADI=HD%;?G%\?GG%@\%H@`G?p;?G%`G%A@E%QGEEG?%;PC=DGP%E@%D;N%EI;E%E@%EIG%GgEGAE%EI;E%>@CG%=AC@>CGD%H@`G?%;E%;>>R%=E%=D%L@ADE=EMEGP%QN%;QDE;=A=AJ%\?@<%EIG%MDG%@\%=EZ%*?%QGEEG?%NGER%E@%PGDL?=QG%;%?G>;E=@ADI=H%;D%P@<=A;EGP%QN%H@`G?%;AP%<;A=HM>;E=@A% =D% E@% PGDL?=QG% =E% ;D% D@<GEI=AJ% BM=EG% P=DE=ALE% \?@<%>@CG_%%

.A% EI;E%`;N% /;?E?G% =D% =JA@?;AE% @\% EIG%`;ND% =A%`I=LI% EIG% BM@EG% QN%'ÇJDE?MH% =D% ;% ?G<=APG?% @\% EIG%<@?;>% PG<;AP% E@% I@>P% N@M% EGAPG?>NR%;AP% ;>D@% @\% EIG% H@DD=Q=>=EN% E@% L;?GDD% N@MR% E@% ?G;LI% @ME%<N% ;?<D% ;AP%`G>L@<G% N@M% =A% ;A% G<Q?;LG_% *?% E@% <;SG% MDG% @\% /;?E?GiD% a6FFcb%P=DLMDD=@A% @\% EIG% >@@S% a628\\b0%<N% >@@S%<;N% QG% @Q^GLE=\N=AJR% P=DE;AER%L?=E=L;>% @?% ^MPJG<GAE;>R% =E%<;N%QG% ;% DE;?GR% ;D% /;?E?G%<;=AE;=ADR% QME% =E%<;N% ;>D@% QG% >@C=AJR% L;?=AJ% ;AP% L@ALG?AGP_% $@% /;?E?G% EIG% >@@S% @\% EIG%@EIG?% =D%<@DE>N%L@AAGLEGP%`=EI%JM=>ER%DI;<G%;AP%G<Q;??;DD<GAER%QME%;>EI@MJI%.%<;N%GgHG?=GALG%EI=D%\GG>=AJ%@\%QG=AJ%L;MJIE%QN%@EIG?%HG@H>G%>@@S=AJ%;E%<GR%HG?I;HD%H?=<;?=>N%=A%D=EM;E=@AD%`IG?G%.%;<%L;MJIE%@\\%JM;?PpL@AD=PG?R% \@?% =ADE;ALGR% EIG% G<Q;??;DD<GAE% EI;E% =D% @\EGA%=AC@>CGP%=A%DEM<Q>=AJ%;AP%E;S=AJ%;%\;>>R%@?%=A%>@D=AJ%<N%\;LG%@?%EG<HG?%=A%D=EM;E=@AD%`IG?G%.%\@?%D@<G%?G;D@A%`;AE%E@%SGGH%;%DE?;=JIE%\;LG7cFp%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%761%#D%<;N%EIG%V<;DLM>=A=DEX%EI@MJIE%EI;E%=E%=D%=APGGP%EIG%`@<;A%`I@%I;D%EIG%H@`G?%=A%EIG%I@MDGI@>PR%;AP%<;A=HM>;EGD%EIG%<;A%\@?%IG?%@`A%AGGPD_%7cF% .E% =D% I@`GCG?% =<H@?E;AE% E@% ?G<G<QG?% EI;E% EIG% \;LE% EI;E% .% ;<% @QDG?CGP% P@=AJ%D@<GEI=AJ% a<@?G% @?% >GDD% ;HH?@H?=;EGb% P@GD% A@E% I;CG% E@% I;CG% ;AN% H;?E=LM>;?%D=JA=\=L;ALG%;EE;LIGP%E@%=E_%!I;E%<G;A=AJ%=E%<;N%;LBM=?G%=D%PGHGAPGAE%@A%EIG%S=AP%@\%D=EM;E=@A%=E%=D_%$IG?G%;?G%E=<GD%`IG?G%=E%<;N%A@E%<;EEG?%E@%<G%EI;E%@EIG?D%D;`%<G%>@DG%<N%EG<HG?R%;AP%.%<;N%;>D@%\GG>%G<Q;??;DDGP%\@?%D>=HH=AJ%@A%=LG%;>EI@MJI%A@%@AG%`;D%EIG?G% E@% >@@S_% .A% EI;E% DGADGR% /;?E?GiD% E?G;E<GAE% @\% EIG% >@@S% a6FFcR% 628\\b% =D% `G=JIGP%P@`A% QN% =ED% JGAG?;>=e=AJ% \G;EM?GDR% ;D% `G>>% ;D% QN% =ED% AGJ>GLE% @\% EIG% \;LE% EI;E% @\EGA%

%

! > + ! , ($ % ! % # ! ) & ! + $ ! 6 # 0 & ? !

!

; @ < !

EI=D% P@GD% A@E% L;HEM?G% EIG%`@AP?@MD%<@<GAED% EI;E% .% L;A% PGDL?=QG% ;D%E?M>N%QG=AJ%DGGA_%.%<;N%>@AJ%\@?%N@M?%>@@S%;AP%\=AP%L@<\@?E%=A%EIG%\;LE%EI;E%N@M%;?G%EIG?G%E@%`=EAGDD%<N%;J@AN_%%

)G=AJ% EIG% V@Q^GLEX%@\% DMLI%;% >@C=AJ%;EEGAE=@A% L;AA@E%QG% DGH;?;EGP%\?@<% `I;E% =E% <G;AD% E@% QG% ?GL@JA=eGP% @?% MAPG?DE@@P% QN% ;A@EIG?_%lG<G<QG?%EI;E%@AG%L;A%D;N%V.%DGGX%;D%;%`;N%@\%D;N=AJ%V.%MAPG?DE;APX_%,@?%L;A%=E%QG%P=DE=AJM=DIGP%\?@<%`I;E%=E%=D%E@%E?MDE%D@<G@AG%;AP%QG=AJ%>@CGP%=A%;%`=PG%DGADG%@\%EIG%`@?P_%$I=D%`;N%@\%>@AJ=AJ%E@%QG%DGGA%=D%A@E%LI;?;LEG?=eGP%QN%<N%<;A;J=AJ%E@%SGGH%;%DE?;=JIE%\;LGR%EI;E%=DR%QN%I;C=AJ% HG@H>G% DGG% `I;E% .% `;AE% EIG<% E@% DGG_% *A% EIG% L@AE?;?NR% =E% =D%LI;?;LEG?=eGP%QN%<N%QG=AJ%;Q>G%E@%>GE%P@`A%<N%JM;?P%`=EI@ME%\G;?=AJ%EI;E%N@M?%J;eG%`=>>%^MPJG%<G_%.APGGPR%EIG%EI@MJIE%EI;E%N@M%L@M>P%L;ELI%<G%@\\%JM;?P%P@GD%A@E%;?=DG_%!IGA%.%\GG>%EI;E%.%L;A%@HGA%MH%;AP%DI@`%N@M%<N%`G;SAGDDGDR% @?%`I;E% =A%@EIG?% D=EM;E=@AD%`@M>P%QG% DGGA%;D% ;%`G;SAGDDR% `=EI@ME% N@M% MD=AJ% EIG<% E@% N@M?% ;PC;AE;JGR% `IGA% .% \GG>%EI;E%N@M%`=>>%`G>L@<G%<G%;D%V.%;<XR%EIG?G%=D%A@%AGGP%E@%I=PG_%%

)N% L@AE?;DE% E@% EI=AS=AJ% EI;E% N@M?% H?GDGALG% >=<=ED% @?% Q=APD%<G% =A%EIGDG%L;DGDR%`G%<;N%D;N%EI;E%EI=D%DGADG%@\%QG=AJ%DGGA%=D%@#-5$4$0$43&!@\%<N%DG>\4MAPG?DE;AP=AJ_%.%P@%A@E%DGG%<NDG>\R%QME%^MDE%;D%N@M?%E@MLI%<;N%;>>@`%<G%E@%DGADG%EIG%L@AE@M?D%@\%<N%Q@PNR%N@M?%DGG=AJ%<G%<;N%IG>H%<G%L;ELI%D=JIE%@\%<NDG>\_%.R%;D%=E%`G?GR%<;N%Q@??@`%N@M?%GNGD_%#D%`G%`=>>%DGG%DI@?E>NR%=E%=D%;>D@%=A%EI=D%?GDH@ADG%E@%<N%<GGE=AJD%`=EI%@EIG?DR%=A%<N%?GDH@AD=Q=>=EN%\@?%EIG%@EIG?R%EI;E%.%;<%D@<G@AG%=A%;%<@?;>%DGADG_%%%

'GE%MD%;J;=A%EM?A%E@%!=>>_%#D%;%L@ADGBMGALG%@\%I=D%\GG>=AJ%@\%QG=AJ%VA@EI=AJX%;AP%`;AE=AJ%E@%QG%VD@<G@AGX%\@?%l;LIG>R%IG%H?GEGAPD%E@%QG%EIG%\;EIG?%@\%K;?LMD%E@%<;SG%;A%=<H?GDD=@A%@A%IG?_%$I=D%<;N%LG?E;=A>N%DE?=SG%@AG%;D%;%Q@ME%@\%VQ;P%\;=EIXR%;AP%=E%=D%;A%MAPGA=;Q>G%PGLGHE=@A%E@`;?PD% IG?R% ;AP% ;>D@% E@% I=<DG>\_% "@`GCG?R% =\% D@<G@AG% `G?G% E@%DMJJGDE%EI;E%EIG%@A>N%`;N%=A%`I=LI%!=>>%L@M>P%QG%E?MG%Q@EI%E@%I=<DG>\%;AP%E@%IG?%`@M>P%>=GR%;D%/;?E?G%`@M>P%I;CG%=ER%=A%EIG%?G;>=e;E=@A%EI;E%IG%=D%VA@EI=AJXR% =E%`@M>P%L>G;?>N%QG% \;>DG_%&CGA% =A% D=EM;E=@AD%`IG?G%N@M%\GG>% >=SG%;%A@EI=AJR%.%<;N%`G>>% EI=AS%EI;E%N@M%;?G%VGCG?NEI=AJX_%/MLI%GgHG?=GALGD%@\%QG=AJ%A@EI=AJR%V.i<%A@E%J@@P%\@?%;ANEI=AJXR%V,@Q@PN%L@M>P%>@CG%<GXR%<;N%;>D@%EIG<DG>CGD%QG%;A%GgH?GDD=@A%@\%VQ;P%\;=EIX%?;EIG?%EI;A%;%?G;>=e;E=@A%@\%@M?%V?;P=L;>%\?GGP@<X_%$I=D%=D%=\%`G%DE?;N%\?@<%/;?E?GiD%MAPG?DE;AP=AJ%@\%VQ;P%\;=EIX%;AP%EI=AS%@\%=E%=A%EG?<D%@\%DG>\4DGAE=<GAE;>=EN%@?%DG>\4=APM>JGALGR%V\GG>=AJ%D@??N%\@?%@AGDG>\X_%%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%GA@MJI%=E%=D%EIG%`;N%`G%<=JIE%QG%DGGAR%;AP%7%#%<=JIE%DGG%MD%=A%EI=D%`;NR%;AP%A@E%EIG%\;LE%EI;E%@EIG?D%;LEM;>>N%DGG%MDR%EI;E%<;EEG?D_%%

+ - & $ % + % : !

! !

; @ B !

!I;E% =D% >@DE% =A% ;A% ;LL@MAE% EI;E% DGGD% !=>>iD% @A>N% H@DD=Q=>=EN% ;D% ;%?G;>=e;E=@A%@\%I=D%VA@EI=AJAGDDX%=D%EI=Dn%GCGA%=\%!=>>%>=GP%;Q@ME%EIG%S=AP%@\%?G>;E=@ADI=H%IG%I;P%E@%K;?LMDR%L>;=<=AJ%EI;E%IG%`;D%I=D%\;EIG?%;AP%A@E%I=D%\?=GAPR%EI=D%P@GD%A@E%PGE?;LE%\?@<%EIG%\;LE%EI;E%I=D%\GG>=AJD%\@?%;AP% L@<<=E<GAE% E@% EIG% Q@N% `G?G% E?MG_% YGAN=AJ% EIG=?% ?G>;E=@ADI=H%`@M>P%QG%PGAN=AJ%Q@EI%K;?LMD%;AP%I=<DG>\_%.A%EI=D%?GDHGLER%`G%L@M>P%D;N%EI;E%I=D%?G>;E=@ADI=H%`=EI%K;?LMD%;LEM;>>N%<;PG%I=<%=AE@%D@<G@AG%=A% ;%`;N% EI;E%`;D% A@E% H?GEGAE=@MD_%"G%`;D%K;?LMDiD% \?=GAP_7c7% #APR%EIGAR%;?G%`G%A@E%;>D@%;D%GAE=E>GP%E@%D;N%EI;E%I=D%PGD=?G%E@%QG%VD@<G@AGX%\@?% l;LIG>R% <;N% GgH?GDD% ;% `;AE% E@% QG% =A% ;% D=<=>;?% MAH?GEGAE=@MD%?G>;E=@ADI=H%`=EI% IG?% ;D% `=EI%K;?LMD% a;>EI@MJI% EIG?G% ;?G% @\% L@M?DG%P=\\G?GALGD%QGE`GGA%QG=AJ%;%>@CG?%;AP%;%\?=GAP%=A%EI=D%H;?E=LM>;?%L;DGbn%`;AE=AJ%E@%E;SG%?GDH@AD=Q=>=EN%\@?%EIG%\=?DE%E=<G%=A%I=D%>=\G%QN%;P<=EE=AJ%EIG%>=G%;AP%E?N=AJ%E@%\=JM?G%@ME%`I;E%<;EEG?GP%E@%I=<%;AP%`I;E%S=AP%@\%HG?D@A%IG%`;AEGP%E@%QGZ%%

.A%;%D=<=>;?%CG=AR%{>I;<%Y=><;A%a7117b%L?=E=L=eGD%/;?E?G%\@?%EI=AS=AJ%EI;E%VEIG%@A>N%`;N%=A%`I=LI%`G%L;A%QG%`I@%`G%;?GR%EI;E%=D%@M?DG>CGDR%=D%QN%?G\MD=AJ%E@%E;SG%@A%;AN%xH@D=E=CG%QG=AJiX%a657b_%.A%>=AG%`=EI%/;?E?GR%Y=><;A% L?=E=L=eGD%`I;E%IG% L;>>D% VEIG%@Q^GLE=C=DE%C=G`%@\% EIG% DG>\XR% EIG%=PG;%EI;E%EIG%DG>\%=D%;A%GAE=EN%`=EI%`I=LI%.%<MDE%L@=AL=PG%E@%QG%<NDG>\_%"G%H@=AED%@MER%I@`GCG?R% EI;E% EIG%BMGDE=@AD% .%<;N% ?;=DG%;Q@ME%<NDG>\%aA@EGR% A@E% ;Q@ME% <N% DG>\b% ;?G% A@E% BMGDE=@AD% ;Q@ME% EIG% DG>\% =A% ;AN%HI=>@D@HI=L;>% @?% <GE;HIND=L;>% DGADG% QME% PGGH>N% HG?D@A;>% BMGDE=@AD%L@ALG?A=AJ% EIG% `;N% .% ?G>;EG% <NDG>\% E@% EIG% ;LE=@AD% ;AP% >=\G% EI;E% ;?G%HM?H@?EGP>N%<=AGn%V`IGA%;%HG?D@A%=D%D;=P%A@E%E@%I;CG%QGGA%I=<DG>\R%@?%E@% QG% DG;?LI=AJ% \@?% I=<DG>\R%`G% ;?G% vA@Ew% =APM>J=AJ% =A%<GE;HIND=LDX%aY=><;A%7117R% 6m2b_%$IG%BMGDE=@A%@\%HG?D@A;>% =PGAE=EN%@?%MA=EN% EI;E% .%;<%L@ALG?AGP%`=EI%;D%;A% =AP=C=PM;>R% =A% EIG% DGADG% =A%`I=LI%D@<G@AG%<=JIE%D;N%EI;E%.%I;CG%LI;AJGP%?;P=L;>>N%@?%?G<;=AGP%EIG%D;<GR%=D%BM=EG%P=\\G?GAE%\?@<%EIG%HI=>@D@HI=L;>%=AEG?GDE%=A%PGEG?<=A=AJ%EIG%MA=EN%@\%;%HG?D@AiD% >=\G_% l;EIG?% EI;A% ;EEG<HE=AJ% E@% DGEE>G% `I;E% =E% =D% =A% <G% EI;E%?G<;=AD% EIG% D;<G% EI?@MJI% EIG% LI;AJGD% @\% >=\GR% =E% ?;=DGD% ;% <@?;>%BMGDE=@A%;Q@ME%`I;E%=E%<;N%<G;A%VE@%QG%@AG%`=EI%@AGDG>\X_%%

Y=><;A% P@GD% A@E% <GAE=@A% (=G?SGJ;;?PR% QME% EIG% BMGDE=@AD% IG%<GAE=@AD%QG;?%;%L>@DG%?GDG<Q>;ALG%E@%(=G?SGJ;;?PiD%`?=E=AJD%=A%V0(4$)!#*!]&,($!a7158bR%`IG?G%IG%?G<;?SDR%V.\%=E%QG%H@DD=Q>G%\@?%;%<;A%E@%`=>>%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%7c7% $I=D% ;>D@% P=DE=AJM=DIGD% EI=D% >=G% \?@<%I=D% H?GC=@MD% ;EEG<HE% E@% J;=A% ;EEGAE=@A% \?@<%D=AJ>G%<@EIG?D%QN%H?GEGAP=AJ%E@%QG%EIG%\;EIG?%@\%;%E`@4NG;?%@>P_%!IG?G;D%EIG%DE@?N%@\%EIG%E`@%NG;?%@>P%`;D%L@<H>GEG>N%<;PG%MHR%K;?LMD%;AP%EIG%?G>;E=@ADI=H%!=>>%I;P%E@%I=<%`G?G%A@E_%

! > + ! , ($ % ! % # ! ) & ! + $ ! 6 # 0 & ? !

!

; @ I !

EIG%J@@P% =A% E?MEIR% EIGA%IG%<MDE%QG%;E%@AG%`=EI%I=<DG>\% =A%`=>>=AJ% E@%?GA@MALG%;>>%P@MQ>G4<=APGPAGDDX% a83b_%$IGDG%BMGDE=@AD%;>D@%H@=AE% E@%EIG% `;ND% =A% `I=LI% VDG>\XR% VHG?D@AX% @?% VIM<;A% QG=AJXR% ;D% W@A;EI;A%'G;?% a6FFcb% ;?JMGDR% ;?G% VDMQ^GLE=CGX% L@ALGHED% ac24c3b_% $IG% `@?P%VIM<;A%QG=AJX%L;A%QG%D;=P%E@%L@ALG?A%Q@EI%D@<GEI=AJ%EI;E%.%;<R%EI;E%=D%;%<G<QG?%@\% EIG% DHGL=GD%%#'#! 5,H4&-5R% ;AP%D@<GEI=AJ% EI;E% .% ;<% =A%EIG%L@ADE;AE%H?@LGDD%@\%QGL@<=AJR%QN%E?N=AJR%\@?%=ADE;ALGR%E@%>=CG%MH%E@%EIG%PG<;AP%@\%QG=AJ%<@?G%VIM<;AX_%$IMDR%VIM<;A%QG=AJX%\MALE=@AD%Q@EI% ;D% ;% Q=@>@J=L;>% L;EGJ@?N% ;AP% ;D% ;%<@?;>% L;EGJ@?NR% =A%`I=LI% EIG%>;EEG?% =D% LI;?;LEG?=eGP%QN% EIG% =APGEG?<=A;LN%@\%A@E%QG\@?GI;AP%QG=AJ%;Q>G%E@%L>G;?>N%DE;EG%Gg;LE>N%`I;E%=E%=D%EI;E%.%;<%E@%QGL@<G%a'G;?%6FFcR%27b_%%

Q#3&(! =D% ;% DMQ^GLE=CG% L@ALGHE% =A% EIG% DGADG% EI;E% D@<G@AG% `I@%>@CGD%=D%L@ADE;AE>N%=A%EIG%H?@LGDD%@\%DI;H=AJ%IG?DG>\%=AE@%;%HG?D@A%`I@%>@CGD_%/IG%=D%L@ADE;AE>N%=A%EIG%H?@LGDD%@\%QGL@<=AJ%;%LG?E;=A%S=AP% @\% ;% DMQ^GLE_% $I=D% =D% ;A% MAGAP=AJ% H?@^GLE_% #% HG?D@A% L;A%PGP=L;EG% IG?% >=\G% E@% QGEEG?% MAPG?DE;AP=AJp;AP% QGEEG?% >=C=AJ%@MEp`I;E% =E% =D% E@% >@CG% @EIG?D_% $IG?G% =D% A@% GAP% E@% EIG% GCG?4PGGHGA=AJ% L@<H>Gg=ENp@?% D=<H>=L=ENp@\% EIG% H?@^GLE_% /I@M>P%@AG%JGE% E@%;A%GAPR% ;>>% EI=D% L;A%<G;A% =D% EI;E%@AG%JGED% DEMLS_%*?R%`@?DGR% @AG% LG;DGD% E@% >@CG_% TM?EIG?<@?GR% EIG% >@CG?% GDDGAE=;>>N%MDGD% EIG% L@ALGHE% @\% >@CG% =A% EIG% AGCG?4GAP=AJ% H?@^GLE% @\%QGL@<=AJsQG=AJ%;%>@CG?_%.E%=D%=A%L@AE=AM;>>N%;DS=AJ%EIG%BMGDE=@AR%V!I;E% =D% =E% E@% >@CG% aEI=D% HG?D@AR% EI=D% =PG;bZX% EI;E% EIG% >@CG?%L@AE=AMGD%E@%DI;HG%IG?DG>\%;D%;%>@CG?_%a'G;?%6FFcR%c3b%

$@%MDG%;%L@AE?;DE%EI;E%Y=><;A%Q?=AJD%MHR%`I;E%.%;<%=AEG?GDEGP%=A%`IGA%.% H@DG% EIG% BMGDE=@A% V!I@% ;<% .% ?G;>>NZX% =D% A@E% E@% J;=A%<@?G% \;LEM;>%SA@`>GPJG%;Q@ME%<NDG>\_% .%<;N%A@E%?G;LI%;A%;AD`G?%E@%<N%BMGDE=@A%QN%QG=AJ%J=CGA%;A%;LL@MAE%@\%V`I;E%.%;<%>=SGX_%,@?R%=D%<N%L@ALG?A%E@%\=AP% @ME% `I@% =E% `;D% EI;E% P=P% D@<GEI=AJ_% .A% I=D% P=DLMDD=@A% @\% VEIG%HGLM>=;?%J?;<<;?%@\%EIG%`@?P%.X%a!=EEJGADEG=A%7133R%88bR%!=EEJGADEG=A%L@A\?@AED% EIG% H?@Q>G<% @\% EIG% DG>\% QN% H@=AE=AJ% @ME% EIG% P=\\G?GALGD% =A%I@`%`G%MDG%EIG%H?@A@MAD%V.X%@?%VIGX%@?%VDIGXR%=A%DGAEGALGD%DMLI%;D%V.%;<% =A% H;=AX% @?% V"G% =D% =A% H;=AX_7c6% "G% ?G<=APD% MD% EI;E% =A% EIGDG%DGAEGALGD%`G%P@%-#$% MDG% V.X% E@%H@=AE% @ME% EIG%HG?D@A%`I@% =D% =A%H;=A_%$I=D% =DR% \@?% =ADE;ALGR% DGGA% =A% =E%QG=AJ%MAL>G;?%`I;E% =E%`@M>P%<G;A% E@%<;SG% ;% <=DE;SG% ;Q@ME% `IGEIG?% .% ;<% =A% H;=A_% $IG% `@?PD% V.% ;<% =A%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%7c6% T@?% ;% E?G;E<GAE% @\% I=D% P=DLMDD=@A% DGG% G_J_% #ADL@<QG% a7125bR% (GAAN% a7123b% ;AP%K;>L@><%a7123b_%:\_%;>D@%<N%P=DLMDD=@A%=A%LI;HEG?%7R%H_%28_%

+ - & $ % + % : !

! !

; @ C !

H;=AXR%!=EEJGADEG=A%DMJJGDEDR%;?G%?;EIG?%D=<=>;?%E@%;%J?@;A%=A%EIG%DGADG%EI;E%=E%EIGN%P@%A@E%PGHGAP%@A%@M?%QG=AJ%;Q>G%E@%<;SG%;A%=PGAE=\=L;E=@A_%%

.A%;%D=<=>;?%<;AAG?R%EIG%J?;<<;?%\@?%<;S=AJ%;%<=DE;SG%;Q@ME%`I@%.%;<%<NDG>\%P=\\G?D%\?@<%<;S=AJ%;%<=DE;SG%;D%E@%`I@%D@<GQ@PN%G>DG%=D_%!IGA%.%;DS%V!I@%;<%.ZXR% .%;<%A@E% E?N=AJ% E@%<;SG%DM?G%`I@<%E@%H=LS%@ME%=A%;%J?@MH%@\%HG@H>GR%;D%`IGA%.%;DS%V!I@%`;D%=E%EI;E%Q?@MJIE%EIG% L;SGDX% @?% V!I@% `;D% I=D% `=\GZX% `IGA% QG=AJ% ;\?;=P% EI;E% .% I;CG%L@A\MDGP% E`@% HG@H>G% ;E% ;% H;?EN_% l;EIG?% .% ?;=DG% ;% BMGDE=@A% ;Q@ME% EIG%`;ND% =A%`I=LI%<N%;LE=@AD%;AP%L@<<=E<GAED% L;A%QG% D;=P% E@% E?M>N%QG%<=AG% ;AP% A@E% ^MDE% ;% ?@ME=AG% @?% G>G<GAED% @\% ;% H;?E% EI;E% .% H>;N_% KN%BMGDE=@A%=D%;%?G;LE=@A%E@%`I;E%/;?E?G%L;>>GP%VQ;P%\;=EIXR%QME%;D%Y=><;A%H@=AED% @ME% <N% @A>N% L@AL>MD=@A% AGGP% A@E% QG% EI;E% .% ;<% PG\=AGP% QN%VA@EI=AJAGDDX_% .% L;A%;>D@%QG% D;=P% E@%QG%<NDG>\% =A% EI;E% .% =PGAE=\N%`=EI%<N%;LE=@AD%@?%<N%H?@\GDD=@AR% \@?<%L@AC=LE=@ADR%;AP%`@?S%@ME%`I;E%.%?G;>>N% EI=AS% ;AP% \GG>% =A% ;%<;EEG?_% a:\_% Y=><;A% 7117R% 6m1R% 651_b% $IMDR%D;N=AJ%EI;E%.%;<%;%LG?E;=A%`;N%<;N%QG%;%`;N%@\%&3,.4-+%?GDH@AD=Q=>=EN_%.E%<;NR%I@`GCG?R%;>D@%QG%;%`;N%@\%,@@&H$4-+%?GDH@AD=Q=>=EN_%%

/@R%GCGA%EI@MJI%`G%<;N%\@>>@`%/;?E?G% =A%?G^GLE=AJ%EIG%BMGDE=@A%@\%7%,$%`G%;?G%;D%IM<;A%DG>CGDR%;AP%;>D@% ^@=A%!=EEJGADEG=A% =A% EI=AS=AJ%EI;E% EIG%`@?P% V.X% P@GD% A@E% AGLGDD;?=>N% ?G\G?% E@% ;ANEI=AJR%`G% P@%-#$%AGGP% E@%?G^GLE% EIG%BMGDE=@A%@\%7%#%`G%;?G_% .E% =D%?;EIG?%GgH?GDD=CG%@\%;%LG?E;=A%S=AP%@\%HI=>@D@HI=L;>%H?G^MP=LG% E@%;DDM<G%EI;E% EIG%`@?PD%V.X%@?% VDG>\X% <MDE% ;>`;ND% QG% MDGP% E@% ?G\G?% E@% D@<GEI=AJR% GCGA% =\% EI=D%VD@<GEI=AJX%=D%;%VA@EI=AJXR%`=EI@ME%H;N=AJ%;EEGAE=@A%E@%`I;E%MDG%`G%<;N%<;SG%@\%EIG<%=A%@M?%>=\G_%%

T@LMD=AJ% @A% EIG% BMGDE=@A% @\% V`I;EX% `G% ;?G% ;>D@% \;=>D% E@%;LSA@`>GPJG%EI;E%EIG%BMGDE=@AD%@\%`I@%.%;<R%@?%`I@%N@M%;?GR%;?G%A@E%MDGP%;D%<G;AD%@\%L>;DD=\N=AJ%@?%L;EGJ@?=e=AJ%QG=AJDR%QME%;?G%H?=<;?=>N%'#(,8%BMGDE=@AD_%.%G;?>=G?%DH@SG%@\%!=>>%\=AP=AJ%@ME%V`I;E%=E%<G;AD%E@%QG%;%IM<;A%QG=AJX%@?%VA@E%QG=AJ%;%HG?D@A%=A%EIG%PGGHGDE%DGADG%@\%EIG%`@?PX_% .% ;>D@%<GAE=@AGP%GgH?GDD=@AD% DMLI%;D%VQG=AJ% E?MG% E@%@AGDG>\X%;AP% VQG=AJ% @AG% `=EI% @AGDG>\X_% &gH?GDD=@AD% DMLI% ;D% EIGDG% L>G;?>N%QG>@AJ% E@% ;% <@?;>% @?% Gg=DEGAE=;>% C@L;QM>;?N_% $IGN% ;?G% L@AAGLEGPR%;<@AJ%@EIG?%EI=AJDR%`=EI%DGG=AJ%LG?E;=A%L>;=<D%;AP%@Q>=J;E=@AD%=A%@M?%?G>;E=@ADI=HD%`=EI%G;LI%@EIG?_%$I=D%;>D@%H@=AED%E@%@AG%@\%EIG%H?@Q>G<D%=A% E?N=AJ% E@% L@ADE?MLE% ;% EIG@?N% @\% EIG% HG?D@A% E@% J?@MAP% @M?% <@?;>%H?;LE=LGD_% $IG% A@E=@A% @\% ;% VHG?D@AX% =D% @\EGA% =AC@SGP% E@% ^MDE=\N% EIG%GgEGAD=@A%@\%LG?E;=A%?=JIED%E@%P=\\G?GAE%J?@MHD%@\%QG=AJD_%)ME%=D%=E%A@E%D@%EI;E%`I;E%^MDE=\=GD%MD%=A%GgEGAP=AJ%LG?E;=A%?=JIED%E@%IG?%@?%E?G;E=AJ%I=<%;D% ;%<@?;>% DMQ^GLE% a@?% ;D% ;A% @Q^GLE% \@?%<@?;>=ENb% =D% A@E% EIG% \;LE% EI;E%

! > + ! , ($ % ! % # ! ) & ! + $ ! 6 # 0 & ? !

!

; @ = !

D@<G@AG%=D%;%HG?D@AZ%l;EIG?%?GDH@AP=AJ%E@%D@<G@AG%;D%;%HG?D@A%@?%;%IM<;A%QG=AJ%=D%=EDG>\%GgH?GDD=CG%@\%;%<@?;>%@ME>@@S_%%

/;?E?GiD% ;LL@MAER% EIGAR% \;=>D% E@% L;HEM?G% EIG% `;ND% =A% `I=LI% `G%VQGL@<G% D@<G@AGX% =A% @M?% ?G>;E=@ADI=HD% `=EI% @EIG?D_% $IG% @<=DD=@AR%I@`GCG?R% =D%A@E%DM?H?=D=AJ%L@AD=PG?=AJ%EI;E%/;?E?GiD%DMQ^GLER%;>EI@MJI%=E%E?=GD%E@%?G>G;DG%=EDG>\%\?@<%EIG%QM?PGAD%@\%EIG%?;E=@A;>=DE%E?;P=E=@AR%=D%DE=>>% CG?N% <MLI% ;A% ;ME@A@<@MDR% =AP=C=PM;>=DE=LR% DMQ^GLE_% "=D%HI=>@D@HIN% L;??=GD% ;% <@?;>% =<HG?;E=CG% =A% EI;E% =E% L;>>D% MH@A% <G% E@%;LLGHE%<N%\?GGP@<%;AP%VA@EI=AJAGDDXR%;AP%>=QG?;EG%<NDG>\%\?@<%Q;P%\;=EI% a@AE@>@J=L;>% =ADGLM?=ENbR% QME% EI=D% =D% H?=<;?=>N% ;% ?GDH@AD=Q=>=EN%QG\@?G%<NDG>\_7cc%!IGA%=E%L@<GD%E@%EIG%<@?;>%?G>;E=@AD%.%I;CG%E@%@EIG?%HG@H>GR%I@`GCG?R%EIG%?;P=L;>%\?GGP@<%EI;E%/;?E?G%H?GDGAED%MD%`=EI%=D%=A%<;AN%`;ND%;%\?GGP@<%\?@<%?GDH@AD=Q=>=EN_%$IG%/;?E?G;A%DMQ^GLE%I;D%A@%@Q>=J;E=@AD% E@% @EIG?D% ;AP% =\% DMLI% PG<;APD% ;?=DGR% EIGN% DGG<% E@% QG%D@<GEI=AJ%\@?%EIG%DMQ^GLE%E@%GC;PG_7cm%%

/;?E?G%DHM?AGP%EIG%?G>;E=@ADI=HD%`G%I;CG%`=EI%G;LI%@EIG?%;D%;%?@;P%E@% =APGHGAPGALG%;AP%DG>\4SA@`>GPJGR%I@>P=AJ%@A% E@% EIG% EI@MJIE% EI;E%EIG% @A>N% `;N% @\% \=AP=AJ% @AGDG>\% =D% QN% ?G>G;D=AJ% @AGDG>\% \?@<% @AGiD%Q@APD% `=EI% @EIG?D_% .% `;AE% E@% DMJJGDER% I@`GCG?R% EI;E% =E% =D% @A>N% 4-!(&8,$4#-! $#% @EIG?D% EI;E% .% L;A% QG% D;=P% E@% QG% =APGHGAPGAE% ;D%`G>>% ;D% E@%L@<G%E@%SA@`%<NDG>\_%#D%Y=><;A%a7117b%H@=AED%@MER%=E% =D%@A>N%;J;=ADE%EIG%Q;LSJ?@MAP%@\%;%DI;?GP%>;AJM;JG%EI;E%EIG?G%=D%?@@<%\@?%DHG;S=AJ%;Q@ME% \=AP=AJ% <N% @`A% C@=LG% a68Fb_% }MGDE=@AD% ;Q@ME% QG=AJ% E@@%PGHGAPGAE% @?% A@E% =APGHGAPGAE% GA@MJI% @A>N% ;?=DG% ;AP% L@ADE=EMEG% ;%LI;>>GAJG%@?%;%L@??MHE=@A%=A%H;?E=LM>;?%?G>;E=@ADI=HD_%.E%P@GD%A@E%<;SG%DGADG% E@% DHG;S% @\% QG=AJ% =APGHGAPGAE% @\% HG@H>G% E@% `I@<% .% I;CG% A@%?G>;E=@AR% \@?% =ADE;ALGR%HG@H>G%H;DD=AJ%<G%QN%=A%EIG%DE?GGE_%*A>N%`IGA%N@M%<;EEG?%E@%<G%=A%@AG%`;N%@?%;A@EIG?%=D%=E% =AEG>>=J=Q>G%E@%D;N%EI;E%.%;<%=APGHGAPGAE%@\%N@M_%%

$IG?G\@?GR% \@?% ;% A@E=@A% @\% =APGHGAPGALG% E@% I;CG% ;AN%<G;A=AJR% =E%I;D% E@% QG% E?MG% E@% EIG%`;ND% =A%`I=LI%`G% MDG% EIG% L@ALGHE%`=EI=A% @M?%?G>;E=@ADI=HD_%!G%;?G%=AGC=E;Q>N%L@AAGLEGP%E@%@EIG?%HG@H>G%EI?@MJI%;%`GQ% @\% ?G>;E=@ADR% ;AP% QG=AJ% =APGHGAPGAE% L;AA@E% D=<H>N% =AC@>CG% ;%?G^GLE=@A% @\% EIGDG_% /MLI% ;% V\?GGP@<X% @A>N% DE?=SGD% <G% ;D% ;% S=AP% @\%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%7cc%&CGA%EI;E%<;N%QG%D;N=AJ%E@@%<MLIR%;D%=E%<;N%QG%;?JMGP%EI;E%EIG%?GDH@AD=Q=>=EN%.%L;A%QG% D;=P% E@% I;CG% QG\@?G&<NDG>\% L;AA@E% QG% DGH;?;EGP% \?@<% ;AP% =D% DGL@AP;?N% E@% EIG%?GDH@AD=Q=>=EN%.%I;CG%QG\@?G&@EIG?D_%%7cm%*A%EIG%`I@>GR%/;?E?GiD%L@ALGHE=@A%@\%<@?;>=EN%DGG<D%E@%I;CG%QGGA%P@<=A;EGP%QN%;%?G^GLE=@A%@\%Q@M?JG@=D%<@?;>=ENR%A@E%?GL@JA=e=AJ%EI;E%EIG?G%L@M>P%QG%<@?G%PGHEI%E@%EIG%BMGDE=@A%EI;A%EIG%;GDEIGE=LD%@\%<=PP>G4L>;DD%D@L=GEN_%

+ - & $ % + % : !

! !

; @ H !

>@AG>=AGDD_%.E%<MDE%QG%;%<;EEG?%@\%I@`%`G%GAEG?%=AE@%@M?%?G>;E=@ADI=HDR%@HGA>NR%?GDH@AD=Q>NR%A@E%I=P=AJ%QGI=AP%;%<;DS%QME%E;S=AJ%EIG%BMGDE=@A%@\% `I@% .% ;<% ;AP% QGL@<G% =A% ?G>;E=@A% E@% @EIG?D% DG?=@MD>N_% $I=ASR% \@?%=ADE;ALGR%@\%;%LI=>P%J?@`=AJ%MH_%,@`R%;A%GDDGAE=;>%;DHGLE%@\%QGL@<=AJ%;A% ;PM>E% <G;AD% QGL@<=AJ% =APGHGAPGAE% @\% <N% H;?GAED% =A% EIG% `;N% .%PGHGAPGP%@A%EIG<%;D%;%LI=>P_%"@`GCG?R%EI=D%P@GD%A@E%<G;A%EI;E%.%\?GG%<NDG>\% \?@<%<N% H;?GAEDR% =A% EIG% DGADG% EI;E% .% LME% @\\% <N% ?G>;E=@AD% E@%EIG<_% Y@=AJ% EI;E% @\EGA% ?GCG;>D% ;% <MLI% J?G;EG?% PGHGAPGALG% @A% EIG%H;?GAED% EI;A% `G% \=AP% =A% ?G>;E=@ADI=HD% =A%`I=LI% EIG% H;?GAED% ;AP% EIG%J?@`A%MH%LI=>P%;?G%@A%J@@P%EG?<D_%#E%>G;DER%EIG%`@MAPD%\?@<%DMLI%;%LME% \?@<%EIG%H;?GAED%;?G%DG>P@<%L>G;A_7c5%l;EIG?%<N% =APGHGAPGALG% =D%L@ADE=EME=CG%@\%<N%QG=AJ%;Q>G%E@%GAEG?%EIG%?G>;E=@ADI=H%.%`;D%\=?DE%Q@?A%=AE@%;D%;A%;PM>E_%%

:@AD=PG?% @AG% Gg;<H>G% @\% E;S=AJ% ?GDH@AD=Q=>=EN% \@?% `I;E% @AG% I;D%P@AG_% #% `=AP@`% ;E% DLI@@>% =D% Q?@SGA_% $IG% EG;LIG?% ;DSD% EIG% HMH=>DR%V!I@%P=P%EI=DZX%.R%EIG%JM=>EN%HMH=>R%DEGH%\@?`;?PR%V.%;<%EIG%@AG%`I@%P=P%=EXR%V.%;<%?GDH@AD=Q>GX_%.\%`G%L@AD=PG?%EI=D%Gg;<H>G%=A%?G>;E=@A%E@%/;?E?G% EIG?G% ;?G% D@<G% EI=AJD% EI;E% ;?G% `@?EI% H@=AE=AJ% @ME_% T=?DER% =A%?;=D=AJ%<N%C@=LG%;AP%E;S=AJ%EIG%Q>;<GR%.%;<%A@E%Q>GAP=AJ%=A%`=EI%EIG%L?@`PR% `I=LI% `@M>P% QG% @AG% @\% EIG% <@E=C;E=@AD% @\% Q;P% \;=EI_% .% ;<%?;EIG?% P=DE=AJM=DI=AJ% <NDG>\% \?@<% EIG% @EIG?D% QN% BM=EG% >=EG?;>>N% @?%<GE;HI@?=L;>>N% DEGHH=AJ% @ME% @\% =E_% /GL@APR% ?;EIG?% EI;A% EI=AS=AJ% EI;E%V.X% ?G\G?D% E@% ;ANEI=AJ% @\% ;% H;?E=LM>;?% DI;HGR% .% `@M>P% DMJJGDE% EI;E%D;N=AJR%X.%P=P%=EXR%;AP%;LLGHE=AJ%?GDH@AD=Q=>=EN%\@?%`I;E%.%I;CG%P@AG%=D%@AG%@\%EIG%`;ND%=A%`I=LI%EIG%V.X%E;SGD%@A%;%DI;HG_%.A%<@?G%EI;A%@AG%DGADG% A% DEGH%@MER% .%;LBM=?G%;A%@ME>=AG_% .A%D;N=AJR%V.%P=P% =EXR% .%G<Q@PN%?GDH@AD=Q=>=EN_%$I=D% =D% EIG%<@?;>%P=<GAD=@A%@\% EIG% VDG>\XR% ;AP%I@`% =E%L;A%QG%D;=P%E@%I=JI>=JIE%EIG%V.X%`=EI@ME%?G\G??=AJ%E@%;ANEI=AJ%DHGL=\=LR%`I=LI%/;?E?G%\;=>D%E@%;LL@MAE%\@?_%$IG?G%=D%;%<@?;>%E@%I=D%@AE@>@JNR%QME%=E% =D% DE=>>% ;A% @AE@>@JN% =A% EI;E% =E% H@D=ED% ;% VA@EI=AJX% =A% EIG% H>;LG% @\% ;%VD@<GEI=AJX%;D%EI;E%E@%`I=LI%V.X%=D%;DDM<GP%E@%?G\G?_%%

h?;AE=AJ% /;?E?G% @AG% H@=AER% =E% =D% E?MG% EI;E% ;>EI@MJI% .% E;SG%?GDH@AD=Q=>=EN% \@?%<N%;LE=@AR% .% L;AA@E%QG% ?GPMLGP% E@% =E_%$IG%PG<;APR%P=DLMDDGP%QN%#MJMDE=AGR%EI;E%`G%DI@M>P%V>@CG%EIG%D=AAG?R%QME%A@E%EIG%D=AX% =D% ;% ?G<=APG?% EI;E% .% ;<%AGCG?%<G?G>N% V;%`=AP@`4Q?G;SG?X_%$IG%;LE=@A%P@GD%A@E%;AP%L;AA@E%PG\=AG%<GR%;>EI@MJI%@EIG?D%<;N%EIMD%E?N%E@%L@A\=AG%<G%E@%<N%PGGPD_%)ME%`IG?G;D%/;?E?G%DGGD%<N%\?GGP@<%=A% EIG%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%7c5%:\_%:@GEeGG%a6FFcb0%V"G%=D%H?@C=AJ%D@<GEI=AJ0%EI;E%G;LI%<;A%=D%;A%=D>;APn%EI;E%N@M%P@AiE%AGGP%H;?GAEDX%acb_%

! > + ! , ($ % ! % # ! ) & ! + $ ! 6 # 0 & ? !

!

; @ @ !

?G;>=e;E=@A%EI;E%.%;<%VA@EI=AJX%;APR%EIG?G\@?GR%A@E%Q@MAP%E@%;ANEI=AJR%.%`@M>P%DMJJGDE% EI;E% =E% =D%@A>N%QN%E;S=AJ%?GDH@AD=Q=>=EN%EI;E%.%<;N%QG%\?GG_% V$IG% DEGH% \@?`;?PX% =D% A@ER% ;D% =E% <;N% DGG<R% ;% DEGH% ;`;N% \?@<%HG@H>G_%T@?%<G%E@%QG%E;S=AJ%?GDH@AD=Q=>=ENR%<N%`@?PD%;AP%;LE=@AD%AGGP%E@%QG%;%(&5H#-5&%E@%EIG%,..(&55%@\%EIG%@EIG?_%$;S=AJ%?GDH@AD=Q=>=EN%=D%;>D@%;%H?GL@AP=E=@A%\@?%?G4GAEG?=AJ%EIG%?G>;E=@ADI=HD%\?@<%`I=LI%.%I;CG%LME%<NDG>\%@\\%QN%<N%PGGP_%%

.A% @EIG?%`@?PDR% =E% =D% A@E%<@?;>=ENR% QN%`I=LI% .%<G;A% EIG%PG<;APD%EI;E%.%?GL@JA=eG% =A%<N%?G>;E=@ADI=HD%`=EI%@EIG?%HG@H>G% =A%EIG% >=JIE%@\%>@CGR%`I=LI%E=GD%<G%P@`A_%hM=>ER%DI;<GR%MA?GD@>CGP%=DDMGDR%=ADGLM?=EN%;AP% \G;?%<;N% E=G%<G%P@`AR% ;D%<;N%;% ?G\MD;>% E@% DE;AP%MH% \@?%`I;E% .%I;CG% P@AG% ;AP% I=P=AJ% `=EI=A% EIG% L?@`P_% $;S=AJ% ?GDH@AD=Q=>=ENR%I@`GCG?R% GA;Q>GD% <G% E@% <@CG% \?GG>N_% .E% =D% E?MG% EI;E% QN% ;LLGHE=AJ%?GDH@AD=Q=>=EN% .% ;<% P?;`=AJ% ;EEGAE=@A% E@%<NDG>\_% .% ;<% ;EE?;LE=AJ% EIG%>@@SD% @\% @EIG?% HG@H>GR% <;S=AJ% <NDG>\% CM>AG?;Q>G% E@% EIG=?% L?=E=L=D<_%"@`GCG?R%D=ALG%.%;P<=E%`I;E%.%I;CG%P@AGR%EIGN%P@%A@E%I;CG%;%I@>P%@A%<G%=A%EIG%D;<G%`;N%=A%`I=LI%EIGN%P@%=A%L;DGD%`IG?G%<N%H;DE%PGGPD%L@<G%Q;LS%E@%I;MAE%<G%;AP%.%>=CG%=A%L@ADE;AE%\G;?%@\%QG=AJ%GgH@DGP_%.\%.%;P<=E%<N%PGGPR%EIG?G%=D%A@EI=AJ%E@%GgH@DG_%%

#LLGHE=AJ% ?GDH@AD=Q=>=EN% ;>D@% @HGAD% MH% \@?% ;% >=\G% QGN@AP% <N%`?@AJP@=AJR%;LLGHE=AJ%<N%HMA=DI<GAE%@?%;DS=AJ%\@?%\@?J=CGAGDD_%T;?%\?@<%QG=AJ% ;AE=EIGE=L;>% E@% \?GGP@<R% ?GDH@AD=Q=>=ENR% EIG?G\@?GR% ;HHG;?D%E@%QG%;%L@ADE=EME=CG%\G;EM?G%@\%QG=AJ%\?GG_%$I=AS%@A>N%@\%I@`%>=QG?;E=AJ%=E%<;N%QG%E@%DHG;S%N@M?%<=AP%;\EG?%QG=AJ%L;MJIE%MH%=A%;AP%GAE;AJ>GP%QN% N@M?% @`A% >=GDR% L@ADE;AE>N% I@>P=AJ% N@M?% E@AJMG_% $I=D% =AC@>CGD%?GDH@AD=Q=>=EN% =A% =EDG>\R% DE?=C=AJ% E@%`@?S% @ME%`I;E% N@M% DE;AP% \@?% ;AP%?G;>>N%`;AE%E@%D;N%=A%;%<;EEG?_7c8%%

+ + !)&+$3!#$&'&6A!+$!6#0&!

$;>S=AJ% ;Q@ME% `;AE=AJ% E@% QG% D@<G@AGR% \=AP=AJ% @?% >@D=AJ% @AGDG>\% =A%>@CGR% <;N% GgH?GDD% EIG% I@HGDR% `=DIGD% ;AP% ;DH=?;E=@AD% .% I;CG% `=EI%?GJ;?P%E@%N@Mn%`;AE=AJ%E@%QG%EIG?G%\@?%N@MR%`;AE=AJ%N@M%E@%QG%H?@MP%@\%<GR%;AP%D@%@A_%"@`GCG?R%=E%<;N%;>D@%QG%GgH?GDD=CG%@\%;%DHGL=\=L%S=AP%@\%PGLGHE=@A%@?%DG>\4PGLGHE=@A_%T;AE;D=GD%@\%QG=AJ%GCG?NEI=AJ%\@?%N@MR%VEIG% ;=?% N@M% Q?G;EIGX% aY=@A% 6FFFbR% VEIG% @AG% `I@% E;SGD% P@`A% EIG%DE;?DXR%@\%QG=AJ%;%HG?\GLE%IMDQ;APR%`=\GR%<;AR%`@<;A%@?% >@CG?% E?G;P%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%7c8%)MER%;D%.%`=>>%G<HI;D=eG%>;EG?%@AR%DHG;S=AJ%@AGiD%<=AP%=D%@\%L@M?DG%A@E%<G?G>N%E@%QG%GBM;EGP%`=EI%Q>M?E=AJ%@ME%`I;EGCG?%?MAD%EI?@MJI%@AGiD%IG;P_%

+ - & $ % + % : !

! !

D G G !

P;AJG?@MD>N%L>@DG%E@%EIG%PGGH%`;EG?D%@\%Q;P%\;=EI%;AP%@\EGA%<;SG%MD%Q>=AP% E@% EIG% ?G;>% AGGPD% @\% EIG% @AGD%`G% D;N% `G% >@CG_% $IGDG%`;ND% @\%GgH?GDD=AJ% <NDG>\% ;AP% <N% >@CGR% EIGAR% <;N% Q@EI% \@?<% ;% DHGL=\=L%LI;>>GAJG% @?% E;DS% \@?% >@CG% ;AP% =AC=EG% LG?E;=A% EG<HE;E=@AD% ;AP%L@??MHE=@AD%@\% =E_%$IG%L@ALG?A%@\% EIG% \@>>@`=AJ%P=DLMDD=@A% =D% E@%Q?=AJ%@ME% EIG% P=\\G?GAE% MDGD% E@% `I=LI% EIGDG% GgH?GDD=@AD% <;N% QG% HME% ;AP%L>;?=\N%`I;E%EIGN%<=JIE%<G;A_%

.% Q?@MJIE% =A% /;?E?GiD% ;LL@MAE% @\% Q;P% \;=EI% D=ALG% =E% L;HEM?GD% ;%L@ALGHE=@A%@\%EIG%DG>\%EI;E%.%EI=AS%=D%=??GL@AL=>;Q>G%`=EI%>@CG_%$I=D%=D%EIG%DGADG% =A% `I=LI% EIG% VDG>\X% DE;APD% \@?% EIG% `;ND% =A% `I=LI% .% H?GDGAE%<NDG>\%E@%@EIG?DR%EIG%H@D=E=@A%@?%DE;EMD%.%I;CG%=A%D@L=GENR%@?%<N%L@ALG?A%\@?%I@`%@EIG?D%HG?LG=CG%<G_%$I=D%L@ALGHE=@A%@\%<NDG>\%=D%H?@Q>G<;E=L%=A% >@CG%QGL;MDG% =E%GDDGAE=;>>N% =AC@>CGD%;%S=AP%@\%DG>\4=APM>JGALG_% .E% =D%>;?JG>N%;%<;EEG?%@\%,HH&,(,-@&R%LI;?;LEG?=eGP%QN%EIG%DG>\4L@ADL=@MDAGDD%@\%D@<G@AG%`I@%=D%;`;?G%@\%EIG%G\\GLED%IG%<;N%I;CG%@A%@EIG?%HG@H>G_%.E% ;>D@% GgH?GDDGD% ;%`=DI% E@% L@AE?@>% @AGDG>\% ;D%`G>>% ;D% EIG% D=EM;E=@A_% .%?G>;EG%E@%<NDG>\%;D%EIG%@Q^GLE%@\%HG@H>GiD%GC;>M;E=@ADR%L@ALGAE?;E=AJ%@A%J=C=AJ%DMLI%;A%=<H?GDD=@A%@\%<G%EI;E%EIG=?%^MPJG<GAED%;?G%EIG%@AGD%.%PGD=?G_%%

$@%/;?E?G%EIG%DMJJGDE=@A%EI;E%EI=D%DI@M>P%A@E%QG%<N%L@ALG?A%=A%>@CG%`@M>P%<@DE% H?@Q;Q>N% DGG<%Q=e;??GR% L@AD=PG?=AJ% EI;E% E@% I=<R% >@CG% =D%L@ADE=EMEGP% QN% H?GL=DG>N% DMLI% ;%`=DI% E@% QG% D@<GEI=AJ% \@?% EIG% @EIG?_%"@`GCG?R%.%`@M>P%D;N%EI;E%EI=D%S=AP%@\%DG>\4L@ADL=@MDAGDD%;AP%`=DI%E@%L@AE?@>%=D%A@E%H?=<;?=>N%;%H?@Q>G<%;?=D=AJ%#0$!#*%>@CGR%QME%;%H?@Q>G<%4-%;AP%*#(%>@CG_%:@AE?;?N%E@%`I;E%/;?E?G%`@M>P%EI=ASR%>@CG%=EDG>\%<;N%;>D@%QG%D;=P%E@%\?GG%MD%\?@<%EI=D%S=AP%@\%DG>\4@QDGDD=@AR%=\%A@E%@ALG%;AP%\@?%;>>_%%

:@AD=PG?% BM=EG% ;% MDM;>% PGDL?=HE=@A% HG@H>G%<;N% J=CG% @\% \;>>=AJ% =A%>@CGR% V!IGA%N@M% \;>>% =A% >@CGR% N@M% D=AJ%<@@A>=JIE% DG?GA;PGD% @MED=PG%EIG% @EIG?iD% `=AP@`R% `=EI@ME% L;?=AJ% ;Q@ME% EIG% \;LE% EI;E% @EIG?D% `=>>%>=DEGA_%j@M%P@%A@E%?GL@JA=eG%EI;E%N@M%;?G%<;S=AJ%;%\@@>%@\%N@M?DG>\_X%,@`R% E@% EIG% DG>\4L@ADL=@MD% DG>\R% V<;S=AJ% ;% \@@>% @\% N@M?DG>\X% =D%D@<GEI=AJ% E@%;C@=P%;E%;AN%L@DE_%$I=D% =D%A@E% E@%D;N% EI;E% EIG% =A^MALE=@A%A@E%E@%<;SG%;%\@@>%@\%N@M?DG>\%<;N%AGCG?%I;CG%;%H>;LG%=A%>@CG_%$IG?G%L@<GD%;%H@=AER%GDHGL=;>>N%=A%MA?GBM=EGP%>@CGR%`IG?G%<;AN%@\%MD%`@M>P%EI=AS%=E%DGAD=Q>G%E@%DMJJGDE%EI;E%EIG%>@CG?%DI@M>P%A@E%HM?DMG%IG?%>@CG%;AN% \M?EIG?_% .A% I;HH=G?% L;DGDR% I@`GCG?R% >@CG% ?;EIG?% BMGDE=@AD% EIG%DE;AP;?PD%;J;=ADE%`I=LI%D=AJ=AJ%<@@A>=JIE%DG?GA;PGD%=D%L@AD=PG?GP%;%\@@>=DI%EI=AJ%E@%P@_%!IN%DI@M>P%.%;QDE;=A%\?@<%GgH?GDD=AJ%<N%>@CG%=A%

! > + ! , ($ % ! % # ! ) & ! + $ ! 6 # 0 & ? !

!

D G ; !

;% <;AAG?% .% DGG% \=ER% ^MDE% QGL;MDG% @EIG?D% <=JIE% \=AP% <N% QGI;C=@M?%=A;HH?@H?=;EGZ7c2% .D% =E% A@E% <@?G% \@@>=DI% A@E% E@% P@% D@<GEI=AJ% .% E?M>N%`=DI%E@%P@%@ME%@\%L@AD=PG?;E=@A%\@?%`I;E%@EIG?D%<;N%I;CG%E@%D;N%;Q@ME%<N%H@@?%D=AJ=AJR%@?%LI@=LG%@\%CGAMGZ%:@M>P%`G%A@ER%=A%EI=D%?GDHGLE%@\%A@E%L;?=AJ%;Q@ME%;HHG;?;ALGD%@?%`IGEIG?% .%;<%DE;?E=AJ% E@% >@@S% >=SG%;%\@@>R%?;EIG?%L@AJ?;EM>;EG%>@CG%@A%QG=AJ%;Q>G%E@%HM>>%<G%@ME%@\%<NDG>\R%;AP%<N%DG>\4@QDGDDGP%L@ALG?ADZ%

#% D=<=>;?% QME% D>=JIE>N%P=\\G?GAE% \@?<M>;E=@A% @\% EIG%`;ND% =A%`I=LI%>@CG%HM>>D%<G%@ME%@\%<NDG>\% =D% GgH?GDDGP%QN%@AG%@\% EIG% LI;?;LEG?D% =A%O;M>%#MDEG?iD%"%&!\&7!^#(C!"(48#+)_%%

)N%QG>@AJ=AJ%E@%/@HI=GR%.%QGJ;A%E@%\GG>%;D%EI@MJI%.%QG>@AJGP%E@%GCG?N@AG%G>DG%;D%`G>>_%KN%E?MG%H>;LG%=A%EIG%`@?>PR%=E%EM?AGP%@MER%`;D%D@<G`IG?G%QGN@AP%<NDG>\R%;AP%=\%EI;E%H>;LG%`;D%=AD=PG%<GR%=E%`;D%;>D@%MA>@L;E;Q>G_%$I=D%`;D%EIG%E=AN%I@>G%QGE`GGA%DG>\%;AP%A@E4DG>\R%;AP% \@?% EIG% \=?DE% E=<G% =A%<N% >=\G% .% D;`% EI=D%A@`IG?G%;D%EIG%Gg;LE%LGAE?G%@\%EIG%`@?>P_%a#MDEG?%7133R%6c6b%

$IG% H;DD;JG% L;HEM?GD% EIG% GgHG?=GALG% @\% QG=AJ% ?=HHGP% @ME% @\% @AGDG>\%=AE@% ;% AG`% `@?>P% EI;E% @\EGA% LI;?;LEG?=eGD% \;>>=AJ% =A% >@CG_% $IG%=AEG?GDE=AJ% H@=AE% \?@<% ;% <@?;>% HG?DHGLE=CGR% I@`GCG?R% =D% EIG% DI=\E% =A%\@L;>% H@=AE% EI;E% P=DE=AJM=DIGD% >@CGR% EIG% <@CG% \?@<% ;% HG?DHGLE=CG% =A%`I=LI% .% ;<% EIG% LGAE?;>% LI;?;LEG?% @\% <N% >=\G% E@% @AG% =A% `I=LI% @EIG?%HG@H>G%\=AP%EIG=?%@`A%H>;LG%=A%=E_%%

$IG%EI@MJIE%EI;E%.%<;N%\=AP%<NDG>\R%@?%\=AP%<N%LGAEG?%=A%D@<GEI=AJ%@EIG?% EI;A%<NDG>\R%<;N%`G>>% \=>>%MD%`=EI%HMee>G<GAE_%"@`%;?G%`G% E@%<;SG% DGADG% @\% DMLI% ;% L>;=<Z% $IG% EI@MJIE% <;N% ;>D@% DL;?G% MDR% GCGA%EG??=\N%MDR%=A%EI;E%=E%;HHG;?D%E@%=<H>N%A@E%D@%<MLI%EI;E%.%\=AP%<NDG>\R%;D%EI;E% .%J=CG%MH%<NDG>\_%Y@GD%A@E% DMLI%;% DI=\E%@\%;EEGAE=@A%<G;A% EI;E% .%D;L?=\=LG%<N%@`A%=APGHGAPGALGR%L@<=AJ%E@%?G>N%@A%D@<G@AG%G>DG%EI;A%<NDG>\%\@?%<N%@`A%DGADG%@\%QG=AJZ%

%/MLI%;%?G;P=AJ%@\%>@CG%=D%E@%QG%\@MAP%=A%/=<@AG%PG%)G;MC@=?%a7117b%`I@%PGDL?=QGD% EIG%`@<;A% =A% >@CG% aQME%A@E% EIG%<;Aob%;D%XP@@<GP% E@%PGHGAPGALGX% a6cmb_% V$IG?G% =D% A@% @EIG?%`;N% @ME% \@?% IG?% EI;A% E@% >@DG%IG?DG>\R% Q@PN% ;AP% D@M>R% =A% I=<% `I@% =D% ?GH?GDGAEGP% E@% IG?% ;D% EIG%;QD@>MEGR%;D%EIG%GDDGAE=;>X%aPG%)G;MC@=?%7117R%6cmb_!.%I;CG%A@%=AEGAE=@A%@\% PGAN=AJ% EIG% ?G;>=EN% @\% DMLI% PGDL?=HE=@AD% ;AP% EIG% \G;?D% EI;E%;LL@<H;AN% EIG<_% }M=EG% E@% EIG% L@AE?;?N% EIG?G% =D% <MLI% G<H=?=L;>%GC=PGALG% E@% DMHH@?E% EIG<_%!I;E% DE?=SGD%<G% ;D% H?@Q>G<;E=L% =A% EIGDG%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%7c2%"G?G%EIG%DE?GDD%=D%@A%EIG%;HH?@H?=;EGAGDD%;AP%EIG%`G>>%QGI;CGP%D=PG%@\%<N%;LE=@ADR%A@E% @A% I@`% J@@P% @?% GC=>% EIGN% <;N% QG_% K@?;>=EN% =D% =A% EI=D% DGADG% A@E% ;% <;EEG?% @\%;HHG;?;ALG_%

+ - & $ % + % : !

! !

D G D !

DE?MJJ>GD%\@?%=APGHGAPGALG%=D%;J;=A%EIG%L@ALGHE%@\%=APGHGAPGALG%EI;E%EIGN% HME% E@% MDG_% #AN% DMJJGDE=@A% EI;E% ;HH;?GAE>N% =AC=EGD% <G% E@%?G>=ABM=DI% D@<G% L@AE?@>% @CG?% <NDG>\R% @EIG?D% ;AP% EIG% D=EM;E=@AR% =D%L@AD=PG?GP%;%EI?G;E%E@%<N%=APGHGAPGALG_%/MLI%;%C=G`%H@?E?;ND%@M?%>=\G%E@JGEIG?% ;D% LI;?;LEG?=eGP% QN% ;% DE?MJJ>G% \@?% L@AE?@>R% `IG?G% <N% @A>N%@HE=@AD%;?G%G=EIG?%E@%GgG?L=DG%<N%`=>>%MH@A%EIG%D=EM;E=@A%;AP%@EIG?DR%@?%E@%L@<H?@<=DG%<NDG>\%QN%DMQ<=EE=AJ%E@%EIG%`=>>D%@\%@EIG?D_7c3%$IMDR%=E%=D%A@E% EIG% D=JA=\=L;ALG%@\%QG=AJ% =APGHGAPGAE% EI;E% .%`;AE% E@%BMGDE=@AR%QME% EIG% `;N% =E% =D% L@ALG=CGP_% )GL@<=AJ% =APGHGAPGAE% <;N% =APGGP%?GBM=?G%EI;E%.%\?GG%<NDG>\%\?@<%D@<G%@\%EIG%;EE;LI<GAED%.%I;CG%E@%@EIG?%HG@H>GR% QME% .%<;N% ;D%`G>>% AGGP% E@% \?GG%<NDG>\% \?@<% D@<G% ;DHGLED% @\%;AP%;EE;LI<GAED% E@%<NDG>\_%$I=DR%I@`GCG?R% =D%-#$% EIG%D;<G%;D% \?GG=AJ%<NDG>\%\?@<%<N%L@<<=E<GAED%E@%@EIG?%HG@H>G_%.E%=D%\=AP=AJ%;%P=\\G?GAE%`;N%@\%QG=AJ%L@<<=EEGP%E@%EIG<_%%

$IG%A@E=@A% @\% \=AP=AJ%<NDG>\% QN% >@L;E=AJ%<N% LGAEG?% =A% D@<GEI=AJ%@EIG?%EI;A%<NDG>\%=D%A@E%;D%\;?4\GELIGP%;D%=E%<;N%DGG<%;E%\=?DE_%.A%\;LER%=E%=D%;%LI;?;LEG?=DE=L%@\%<;AN%D=EM;E=@AD% =A%`I=LI%.%<;N%PGDL?=QG%<NDG>\%;D% VQG=AJ%<NDG>\X% EI;E%<N% LGAEG?% @\% ;EEGAE=@A% =D% -#$% <NDG>\_%!I;E% .%`;AE% E@% L;>>% ;EEGAE=@A% E@% =D% EIG% S=AP% @\% MA=EN% .% <;N% GgHG?=GALG% =A%D=EM;E=@AD%`IG?G%.%L;A%QG%D;=P%E@%QG%V@AG%`=EI%<NDG>\X_%:@AD=PG?R%\=?DER%;% D=EM;E=@A% =A% `I=LI% N@M% ;?G% D@% =AE@R% D@% GAJM>\GP% =A% `I;E% N@M% ;?G%P@=AJ% EI;E% N@M% \@?JGE% E=<G% ;AP% DH;LGR% N@M% GCGA% \@?JGE% N@M?DG>\_7c1%OG?I;HD% N@M% ;?G%`?=E=AJ% ;%HI=>@D@HI=L;>% H;HG?% \@?% ;% L@A\G?GALG% ;AP%N@M%;?G% =A%@AG%@\% EI@DG%DE;JGD%`IG?G%GCG?NEI=AJ%DGG<D% E@%`@?S_%$IG%`@?PD% ;?G% \>@`=AJ% @ME% @\% N@MR% N@M% DGG<% E@% I;CG% ;% J?=H% @A% EIG%BMGDE=@AR% N@M% H=LEM?G% EIG% DE?MLEM?G_% !IGA% N@M% L@<G% @ME% @\% =ER% N@M%A@E=LG%I@`%>;EG%=E%=DR%N@M%I;CG%Q;?G>N%G;EGAR%N@M?%I;=?%=D%@A%GPJG_%j@M%>;MJI%E@%N@M?DG>\%EI;E%;AN@AG%`I@%I;D%DGGA%N@M%H?@Q;Q>N%EI@MJIE%N@M%>@@SGP%>=SG%;% >MA;E=L_%$IGAR%L@<H;?G%EI=D%`=EI%;%D=EM;E=@A%`IG?G%N@M%;?G% GgHG?=GAL=AJ% `?=EG?iD% Q>@LS_% j@M% L;AA@E% DGG<% E@% L@ALGAE?;EG% @A%EIG%`@?PD%@A%EIG%DL?GGAR%;AP%EIG?G%=D%A@%>;LS%@\%E?N=AJ_%j@M?%EI@MJIED%;?G%P?=\E=AJ%E@%`I;E%E@%G;E%@?%`IGEIG?%EIG%?@@<%`@M>P%AGGP%L>G;A=AJ_%,@`R%>GE%MD%?G\>GLE%MH@A%EIGDG%D=EM;E=@AD%=A%EIG%>=JIE%@\%QG=AJ%;`;?GR%@?%QG=AJ%=A%L@AE?@>%@\%`I;E%N@M%;?G%P@=AJ_%%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%7c3% $I=D% A@E=@A% @\% EIG% `=>>% ;D% D@<G% H?G4J=CGA% G>G<GAE% Gg=DE=AJ% =A% <G% =D% =A% =EDG>\%H?@Q>G<;E=LR%QME%EIG%DH;LG%P@GD%A@E%;>>@`%<G%E@%L@<<GAE%\M?EIG?%@A%=E_%7c1%#>EI@MJI%EI=D%PGDL?=HE=@A%@\%`I;E%I;HHGAD%=D%D=<=>;?%E@%EIG%@AG%.%MDGP%E@%PGDL?=QG%/;?E?GiD% H@D=E=@AR% EIG% DGADG% =A% `I=LI% N@M% \@?JGE% N@M?DG>\R% =DR% ;D% N@M% `=>>% DGGR% BM=EG%P=\\G?GAE_%%

! > + ! , ($ % ! % # ! ) & ! + $ ! 6 # 0 & ? !

!

D G < !

T=?DER%`I;E%DGH;?;EGD%EIGDG%E`@%=ADE;ALGD%\?@<%G;LI%@EIG?%=D%A@E%D@%<MLI% EI;E%N@M?% EI@MJIED%;?G%@LLMH=GP%QN%D@<GEI=AJ_%$IG%P=\\G?GALG%?;EIG?%>=GD%=A%`I;E%N@M%;?G%EI=AS=AJ%;Q@ME_%$IG%H@=AE%@\%E;>S=AJ%;Q@ME%\@?JGEE=AJ%N@M?DG>\%`IGA%QG=AJ%=AE@%D@<GEI=AJ%=D%A@E%E@%D;N%EI;E%N@M%;?G%A@E%;`;?G%@\%`I;E%=E%=D%N@M%;?G%P@=AJR%@?%A@E%;`;?G%@\%N@M?DG>\%=A%EIG%DGADG%@\%SA@`=AJ%EI;E%N@M%;?G%`?=E=AJ%;%H;HG?_%*AG%L@M>P%?;EIG?%D;N% EI;E% A@EI=AJ% DGH;?;EGD% N@MR% @?% N@M?% EI@MJIEDR% \?@<% EIG% E;DS% ;E%I;AP0%N@M%;?G%`I;E%N@M%;?G%P@=AJ_% .A% EIG%@EIG?%L;DGR%I@`GCG?R%N@M?%EI@MJIED%;?G%DL;EEG?GP_%$IGN%<;N%A@E%QG%LGAEG?GP%@A%N@M?DG>\% =A%;AN%P=?GLE% DGADGR% QME% EIGN% ;?G% P=DE=AJM=DIGP% QN% ;% P=\\G?GAE% S=AP% @\% DG>\4;`;?GAGDD%EI;A%=A%EIG%\=?DE%L;DG_%j@M%;?G%;`;?G%@\%`I;E%N@M%;?G%P@=AJ%;D%;A%;LE=C=EN%;H;?E%\?@<%N@MR%D@%;`;?G%@\%=E%EI;E%=E%GCGA%H?GCGAED%N@M%\?@<%P@=AJ%`I;E% N@M%`;AE_% j@M% ;?GR% ;D% =E%`G?GR% EI=AS=AJ% ;Q@ME% EIG%`?@AJ%EI=AJ_%%

$IGDG%Gg;<H>GD%H@=AE%E@%;%LG?E;=A%MA=EN%QGE`GGA%@M?%EI@MJIED%;AP%;LE=@AD% EI;E% =D% =<H@?E;AE% \@?% MAPG?DE;AP=AJ% EIG% P=\\G?GAE% `;ND% =A%`I=LI%`G%<;N%QG%;`;?G%@\%@?%H;N%;EEGAE=@A%E@%@M?DG>CGD%;AP%`I;E%`G%;?G% P@=AJ_% $IG?G% ;?G% @\% L@M?DG% <;AN% `;ND% =A% `I=LI% .% <;N% \GG>%;>=GA;EGP%\?@<%<NDG>\R%P=C=PGP%@?%;<Q=C;>GAE%;D%E@%`I;E% =E% =D% .%`;AE_%$I;E%DMLI%`;ND%@\%VA@E%QG=AJ%=A%@AGiD%;LE=@ADX%@?%VA@E%DGG=AJ%D@<G@AG%=A% IG?% ;LE=@ADX% ;>D@% I;CG% ;% <@?;>% =<H@?E;ALGR% I@`GCG?R% QGL@<GD%GC=PGAE% =\% @AG% L@AD=PG?D%`I;E% =E%<;N%<G;A% \@?% D@<G@AG% E@% D;N% @AG%EI=AJ% ;AP%P@% ;A@EIG?R% @?% EIG%`;ND% =A%`I=LI% ;%<@?;>% ;LE=@AR% DMLI% ;D%QG=AJ% JGAG?@MDR% >@DGD% =ED%`@?EI% =\% @AG%P@GD% =E% =A% @?PG?% E@%QG% DGGA% ;D%JGAG?@MD_% $I=D% =D% @AG% \@?<% @\% EIG% P@MQ>G4<=APGPAGDD% EI;E%(=G?SGJ;;?P%L@AD=PG?GP%E@%QG%;%\;=>M?G%E@%`=>>% EIG%J@@P_%$I=D%S=AP%@\%MA=ENR%@?%>;LS%@\%P@MQ>G4<=APGPAGDDR%=D%;>D@%@\%H;?;<@MAE%=<H@?E;ALG%=A%>@CG_%'GE%MDR%EIG?G\@?GR%L@AD=PG?%;%L;DG%`I=LI%=D%<@?G%L>@DG>N%?G>;EGP%E@% >@CGR%;AP%EIG%\;=>M?GD%.%<;N%GgHG?=GALG%EIG?G_%.%;<%EI=AS=AJ%@\% EIG%=AIG?GAE%PG<;AP%;AP%@\EGA%@MEDH@SGA%`=DI%VE@%QG% EIG?G% \@?%N@MX% =A%>@CG_%%

.<;J=AG% EIG% \@>>@`=AJ% L;DG_%j@M% L@<G%I@<G% \?@<%`@?S_%#>?G;PN%QN% EIG% >@@S% @A% N@M?% \;LG% ;AP% EIG% `;N% N@M% D;N% IG>>@R% .% L;A% DGADG%D@<GEI=AJ% =D% `?@AJ_% .% ;DS% N@M% `I;E% I;D% I;HHGAGPR% ;AP% N@M% DE;?E%EG>>=AJ% <G% ;Q@ME% N@M?% P;NR% EIG% DE?;=AGP% ;E<@DHIG?G% ;E% N@M?%`@?SH>;LGR% N@M?% \GG>=AJD% @\% =A;PGBM;LN% =A% \=A=DI=AJ% EIG% E;DSD% N@M%I;CG%DGE%N@M?DG>\_%#D%N@M%;?G%EG>>=AJ%<G%EI=DR%.%QGL@<G%<@?G%;AP%<@?G%QGDGE% `=EI% EI@MJIED_% /@<G% @\% N@M?% L@ALG?AD% E=G% =A% `=EI% <N% @`A%`@??=GDR%;AP%.%GgHG?=GALG%;%J?@`=AJ%IG>H>GDDAGDD%=A%EIG%\;LG%@\%EIG<_%K@?G% \?;AE=L;>>NR% .% M?JG% <NDG>\% E@% L@<G% MH% `=EI% D@<G% ?GPGG<=AJ%`@?PDR%H@APG?=AJ%`I;E%D@<GQ@PN%G>DG%`@M>P%D;N%=A%EIG%D=EM;E=@A%;AP%

+ - & $ % + % : !

! !

D G B !

`I;E%N@M%`=DI%\@?%<G%E@%D;N_%/MPPGA>N%.%A@E=LG%EI;E%.%I;CG%A@E%?G;>>N%>=DEGAGP%E@%EIG%EI=AJD%N@M%`G?G%D;N=AJ_%.%I;CG%QGGA%D@%@LLMH=GP%`=EI%<N%@`A%EI@MJIED%;Q@ME%I@`%E@%QGDE%QG%EIG?G%\@?%N@M%EI;E%.%I;CG%\;=>GP%E@% D=<H>N% QG% EIG?GR% E@%<;SG% E=<G% \@?% N@MR% >@@S% ;E% N@MR% ;AP% >=DEGA% E@%`I;E%N@M%I;CG%E@%D;N_%%

"G?GR% ;% LG?E;=A% L@ALG?A% \@?%<NDG>\% L@<GD% E@% DE;AP% =A% EIG%`;N% @\%P@=AJ%Q@EI%`I;E% .%`;AE% E@%P@%;AP%`I;E% .% EI=AS% =D%PG<;APGP%@\%<G_%KN%EI@MJIED%;>>%=AC@>CG%I@`%.%;<%E@%QG%EIG?G%\@?%N@M%QME%QN%\@LMD=AJ%@A%<NDG>\%;AP%I@`%A%;<%QGDE%E@%P@%EI=DR%<N%;EEGAE=@A%=D%P=C=PGP%;AP%.%\;=>%E@%\@LMD%@A%N@M_%.%;<%A@E%`I@>GIG;?EGP>N%EIG?G%\@?%)#0_%$I=D%\;=>M?G%E@%QG%EIG?G%\@?%N@M%=D%A@E%@A>N%GC=PGAE%=A%<N%EI=AS=AJ%;Q@ME%D@<GEI=AJ%G>DGR% QME% ;>D@% =A% <N% P@MQED% ;Q@ME% <N% @`A% L;H;L=EN% E@% I;AP>G% EIG%D=EM;E=@A_% )N% EI=AS=AJ% EI;E% QG=AJ% EIG?G% <NDG>\% =D% A@E% J@=AJ% E@% QG%GA@MJI%;AP%=<;J=A=AJ%EI;E%EIG?G%=D%D@<G%DHGL=\=L%`;N%.%`@M>P%AGGP%E@%QGR%D@<G%H;?E=LM>;?%?GDH@ADG%N@M%`@M>P%`;AE%\?@<%<GR%.%P@%A@E%E?MDE%EI;E%EIG%?GDH@ADG%N@M%`;AE%=D%')%?GDH@ADG_%

%/MLI% \GG>=AJD% @\% =A;PGBM;LN% ;AP% \G;?D% @\% A@E% <G;DM?=AJ% MH% ;?G%LG?E;=A>N%A@E%MAL@<<@A%=A%@M?%>@C=AJ%?G>;E=@ADI=HD%`=EI%@EIG?DR%QME%=\%`G%SGGH%=A%<=AP%EI;E%>@CG%P@GD%A@E%@A>N%=AC@>CG%>@C=AJR%QME%;>D@%QG=AJ%>@CGPR%=E%QGL@<GD%L>G;?%EI;E%DMLLM<Q=AJ%E@%@?%=APM>J=AJ%=A%DMLI%\G;?D%P=DE;ALGD%<G%\?@<%>@CG_%.%P@%A@E%?GL@JA=eG%<NDG>\%;D%D@<G@AG%E@%>@CGR%@?R% <@?G% H?GL=DG>N% D@<G@AG% N@M% >@CGR% ;AP% `I@DG% EI@MJIED% ;AP%?G\>GLE=@AD%;?G%QN%EI;E%CG?N%\;LE%@\%D=JA=\=L;ALG%E@%N@M_%KN%\G;?%@\%A@E%QG=AJ% GA@MJI% @?% DHGL=;>% GA@MJI% QGL@<GD% NGE% ;% \@?<% @\% DG>\4=APM>JGALG_7mF%%

!I;ER% EIGAR% =D% =E%H?GL=DG>N%EI;E%.% \;=>% E@%P@Z%O;?E%@\% EIG%;AD`G?%I;D%;>?G;PN%QGGA%J=CGA_%.%\;=>%E@%QG%EIG?GR%E@%QG%@AG%`=EI%<N%;LE=@ADR%E@%QG%<NDG>\_% )ME%`I;E% Gg;LE>N%P@GD% EI=D% L@AD=DE% =AZ%$I=D% Q?=AJD%<G% E@%<N%DGL@AP%H@=AER%`I=LI%=D%EI;E%QG=AJ%<NDG>\R%@?%\=AP=AJ%<NDG>\R%P@GD%A@E%L@AD=DE% =A% P@=AJ% ;ANEI=AJ% DHGL=\=L_% $@% QG% D@<GQ@PN% G>DGR% =\% .% ;<% ;A%;LE@?%@?%=<=E;E@?R%.%<;N%E?N%E@%QGI;CG%=A%;%H;?E=LM>;?%`;N_%.%<;N%E?N%E@%H;N% ;EEGAE=@A% E@% D@<G% \;LED% ;Q@ME% EIG% HG?D@A% .% ;<% H@?E?;N=AJ% E@% QG%;Q>G% E@% QG% <@?G% >=SG% IG?_% .% P@% A@ER% I@`GCG?R% AGGP% E@% P@% ;ANEI=AJ%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%7mF%#A@EIG?%`;N%@\%PGDL?=Q=AJ%EIG%DG>\4=APM>JGALG%@\%EIGDG%DG>\4@QDGDDGP%L@ALG?AD%=D%E@%D;N%EI;E%EIGN%?GCG;>%;%>;LS%@\%DG>\4>@CG_%.%P@%A@E%I;CG%EIG%H>;LG%E@%P=DLMDD%=A%`I;E%`;ND%EIG%;EE=EMPG%.%I;CG%=A%<=AP%=A%DHG;S=AJ%@\%DG>\4>@CG%P=\\G?D%\?@<%DG>\4=APM>JGALG%IG?GR%QME% =E% DE?=SGD% <G% ;D% =\% EIG% P=DE=ALE=@A% QGE`GGA% EIG% E`@% A@E=@AD% @\% VDG>\X% EI;E% .% ;<%P=DLMDD=AJR%L@M>P%;>D@%QG%PGDL?=QGP%=A%?G>;E=@A%E@%EIGDG%E`@%;EE=EMPGD%E@%@AGDG>\_% a/GG%T?;AS\M?E% 6FFmR% =A% H;?E=LM>;?% LI;HEG?% EI?GGR% \@?% @AG% P=DLMDD=@A% @\% EIG% P=\\G?GALGD%QGE`GGA%EIG<_b%%

! > + ! , ($ % ! % # ! ) & ! + $ ! 6 # 0 & ? !

!

D G I !

H;?E=LM>;?% E@% QG%<NDG>\_7m7% .\% `G% EI=AS% ;J;=A% @\%`I;E% =E%<G;AD% E@% QG%EIG?G% \@?%N@M% =A% EIG% ;Q@CG% L;DGR% =E% DGG<D%;D% =\% EIG%@A>N% EI=AJD% .%<;N%E;SG%MH@A%<G%E@%P@%;?G%AGJ;E=CG_%.%L;A%DIME%@\\%EIG%EG>GHI@AG%@?%$-R%.%L;A%>@@S%N@M%=A%EIG%GNGD_%$I;E%=DR%.%L;A%?G\?;=A%\?@<%P@=AJ%@EIG?%EI=AJD_%"@`GCG?R% EIG?G% =D%A@%H@D=E=CG% ;LE=@A% EI;E% .%<NDG>\% L;A% E;SG%@A% E@%QG%;EEGAE=CG_%l;EIG?%=E%DGG<D%EI;E%=\%.%E?N%E@@%;LE=CG>N%E@%QG%;EEGAE=CGR%=\%.R%\@?%Gg;<H>GR%L@ALGAE?;EG%@A%=E%?G;>>N%I;?PR%<N%;EEGAE=@A%`;CG?DR%;AP%.%\;=>%E@%P@%`I;E%.%`;AE_%a:\_%!G=>%7122R%m24m3b_%

.A% ;% D=<=>;?%<;AAG?% .% P@% A@E% \=AP%<NDG>\% QN% ?G;>=e=AJ% D@<G% \;LED%;Q@ME%<NDG>\_% .E% =D% EG<HE=AJ% E@% EI=AS% EI;E% QG=AJ%<NDG>\% =<H>=GD% EI;E%EIG?G%=D%;%LG?E;=A%`;N%EI;E%.%;<%;AP%EI;E%.%@A>N%AGGP%E@%QG%EI=D%`;N%E@%QG%<NDG>\_7m6%*AG%H=LEM?GD%;%L@?G%`=EI%`I=LI%.%;<%E@%=PGAE=\N%E@%QG%@AG%`=EI%<NDG>\R% ;% H=LEM?G% EI;E% =D% G<HI;D=eGP% QN% HI=>@D@HI=L;>%<MD=AJD%;Q@ME% EIG% A@E=@A% @\% EIG% DG>\_7mc% )MER% ;D% .% I;CG% E?=GP% E@% DI@`% EIG?G% =D%L@A\MD=@A% =A% EI=AS=AJ% EI;E% GgH?GDD=@AD% DMLI% ;D% VQG=AJ% <NDG>\X% ;?G%GgH?GDD=CG% @\% ;% LG?E;=A% <GE;HIND=LD% @\% EIG% DG>\_% !G% P@% A@E% I;CG% E@%EI=AS% @\% EIG<% ;D% (&*&((4-+% E@% D@<GEI=AJ% H;?E=LM>;?R% @?% ;D% ?G\G??=AJ% E@%;ANEI=AJ%;E%;>>_%%

$I=AS% @\% EIG% D;N=AJR% V.% L;A% ?G;>>N% QG%<NDG>\% `=EI% N@MX_% $IG?G% =D%A@EI=AJ%H?GCGAE=AJ%<G%\?@<%D;N=AJ%EI=D%=A%;%?;AJG%@\%?G>;E=@ADI=HD%=A%`I=LI% EIG% H;?E=LM>;?% `;N% =A% `I=LI% .% ;<% <;N% C;?N% D=JA=\=L;AE>N_%,GCG?EIG>GDDR% EIG% DE;EG<GAE%<;N%A@E%QG% >GDD% E?MG_%!INZ%)GL;MDG%<N%L>;=<% =D% A@E% ;Q@ME%7%,$% .% ;<% =A% EIG% ?G>;E=@ADI=HDR% QME% ;% PGL>;?;E=@A%;Q@ME!%#7!.%;<%;Q>G%E@%QG%=A%EIG<_%.%<;N%QG%EG>>=AJ%N@M%EI;E%.%L;A%?G>;g%;AP%\GG>%L@<\@?E;Q>G%`=EI%N@M%@?%EI;E%.%;<%A@E%;\?;=P%@\%DI@`=AJ%<N%`G;SAGDDGD%@?%CM>AG?;Q=>=EN%E@%N@M_%"GALGR%=E%=D%A@E%;%DE;EG<GAE%;Q@ME%QG=AJ% =A% ;%H;?E=LM>;?%`;NR% ^MDE% ;D% EIG% DE;EG<GAER% V.% >@CG%N@M% ^MDE% EIG%`;N%N@M%;?GXR% =D%A@E% ;%`;N%@\%M?J=AJ%N@M% E@%QG%;% LG?E;=A%`;N%QME%;%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%7m7%*AG%@\% EIG% DE?GAJEID% @\%:;EIG?=AG%*DQ@?AGiD% a7118Qb% ?G<;?S% EI;E% V>@CG% =D% A@E% ;A%G<@E=@A%QN%`I=LI%`G%HME%#0(5&83&5! =AE@%@M?%>=CGDpEI;E%`;D%D@%;>?G;PNX%ac73b% =D%;>D@%EI;E% =E%?G<=APD%MD%@\%EIG%\;LE% EI;E%.%P@%A@E%AGGP% E@%P@%;ANEI=AJ%;PP=E=@A;>%E@%I;CG%;%H>;LG%=A%<N%>=\G_%7m6%.%L;A%G;D=>N%?G<G<QG?%;%DGADG%@\%L@A\MD=@A%;?@MAP%EIG%GAL@M?;JG<GAE%E@%V^MDE%QG%<NDG>\X% =A% <N% EGGAD% a;AP% H?@Q;Q>N% ;>D@% >;EG?b_% !I;E% `;D% .% E@% <;SG% @\% DMLI% ;%DMJJGDE=@A%=\%EIG%H?@Q>G<%E@%QGJ=A%`=EI%`;D%EI;E%.%P=P%A@E%SA@`%`I;E%.%`;D%>=SGZ%%7mc%/;?E?G%=D%;>D@%>GP%E@%?GJ;?P%D=ALG?=EN%;D%;%\@?<%@\%Q;P%\;=EI%=A%EI;E%IG%H=LEM?GD%=E%;D%L@=AL=P=AJ%`=EI% =EDG>\_& X$I?@MJI% =AE?@DHGLE=@A% .% =AEGAP% E@% PGEG?<=AG% Gg;LE>N%`I;E% .%;<R%;AP% E@%QG% =E%H>;=A>NpGCGA% EI@MJI% =E%<G;AD%L@ADGBMGAE>N% E@%DGE%;Q@ME%DG;?LI=AJ%\@?% `;ND% E@% LI;AJG% <NDG>\_% )ME% `I;E% P@GD% EI=D% <G;A% =\% A@E% EI;E% .% ;<% L@ADE=EME=AJ%<NDG>\%;D%;%EI=AJZX%a/;?E?G%6FFcR%38b_%"G?GR%EIG%H?@Q>G<%?;EIG?%DGG<D%E@%>=G%=A%/;?E?GiD%L@ALGHEM;>=e;E=@A%@\%D=ALG?=EN%EI;A%=A%QG=AJ%D=ALG?G_%%

+ - & $ % + % : !

! !

D G C !

`;N% @\% EG>>=AJ% N@M% A@E% E@% EI=AS% EI;E% N@M% `@M>P% I;CG% E@% QG% =A% ;AN%H;?E=LM>;?%`;N%E@%VPGDG?CG%<N%>@CGX_7mm%

$I=D%L>;=<R%EI;E%=E%=D%A@E%;%<;EEG?%@\%`I;E%.%;<R%QME%I@`%.%;<R%AGGPD%D@<G%G>;Q@?;E=@A_%/HG;S=AJ%;Q@ME%?G>;g=AJR%QG=AJ%L@<\@?E;Q>G%;AP%A@E%I;C=AJ% E@% P@% ;ANEI=AJ% <;N% <;SG% @AG% EI=AS% EI;E% EIG?G% ;?G% A@%L@ADE?;=AED% @A%<G% ;AP% EI;E% .% L;A% P@% ;ANEI=AJ%`I;ED@GCG?_% ,@EI=AJ%L@M>P%QG%\M?EIG?%\?@<%EIG%E?MEIo%$IG%L@ALGHE=@A%@\%EIG%DG>\%EI;E%.%I;CG%`;AEGP% E@%P@% ;`;N%`=EI% ?G\>GLED% ;% LG?E;=A% S=AP%@\% DG>\4;`;?GAGDD% @?%DG>\4L@AE?@>% EI;E% @\EGA% ?=DSD% L@AE?@>>=AJ% <G% @ME% @\% EIG% D=EM;E=@A_% )ME%GCGA%=\%`G%P@%A@E%AGGP%E@%EI=AS%@\%EIGDG%D=EM;E=@AD% =A%EG?<D%@\%G=EIG?%QG=AJ%=A%L@AE?@>%@?% >@D=AJ%L@AE?@>R% =E%P@GD%A@E%<G;A%EI;E%`I;E%.%P@%=D%L@AE=AJGAER%@?%EI;E%=E%P@GD%A@E%<;EEG?%`I;E%.%P@_%%

$IG% L@<<;AP% E@% VQG% EIG?GX% @?% VQG% N@M?DG>\X% L;>>D% \@?% <G% E@% QG%EIG?GR%E?M>N%?&!$%&(&!=A%EIG%DGADG%@\%QG=AJ%;EEGAE=CG%;AP%DGAD=E=CG%E@%N@M%;AP%EIG%PG<;APD%N@M%<;SG%@A%<G%=A%EIG%>=JIE%@\%>@CG_%.A%EI=D%?GDHGLER%EIG%BMGDE=@A%V!I@%;<%.ZX%=D%@\%H;?;<@MAE%=<H@?E;ALG_%)MER%;D%.%I;CG%;?JMGPR%=E%GAEG?D%\=?DE%;AP%\@?G<@DE%;D%;%<@?;>%PG<;APR%E@%H;?;HI?;DG%(=G?SGJ;;?PR% E@%GAEG?% EIG%D=EM;E=@A%;AP%<N%?G>;E=@AD%E@%@EIG?D%`=EI%;%VHM?G%IG;?EXR%E@%QG%H(&5&-$%A@E%^MDE%HIND=L;>>N%QME%;>D@%<GAE;>>NR%Q@PN%;AP% D@M>_7m5% .E% DE?=SGD% <G% EI;E% `G% L;AA@E% L@<H>GEG>N% J?;DH% `I;E% =D%=AC@>CGP% =A% ?G>G;D=AJ% <NDG>\% \?@<% P@MQ>G4<=APGPAGDD% D@% EI;E% .% ;<%;Q>G%E@%QG%@AG%`=EI%<NDG>\R%;AP%E?MG%E@%<NDG>\%;AP%`=>>%VEIG%J@@P%=A%E?MEIX7m8%`=EI@ME%Q?=AJ=AJ% =A% EIG% L@ALGHE%@\% >@CG_%T@?% =D%A@E%GAEG?=AJ%EIG% D=EM;E=@A% ;AP% @M?% ?G>;E=@AD% 74$%! 8#3&% H?GL=DG>N% EIG% S=AP% @\%`I@>GIG;?EGP% GAJ;JG<GAE% ;AP% H?GDGALG% =A% EIG% D=EM;E=@A% EI;E% =D%PG<;APGP%@\%<G%E@%QG%E?M>N%=A%=ER%;D%`G>>%;D%EIG%;LE%@\%@HGA=AJ%MH%E@%D@<G@AG%;AP%EG>>=AJ%IG?R%V"G?G%.%;<XZ7m2%%

$IG%A@E=@A%@\%VDG>\X%EI;E%DM?\;LGD%=A%EIGDG%P=DLMDD=@AD%@\%VQG=AJ%@AG%`=EI%<NDG>\X% =D%GDDGAE=;>>N%P=\\G?GAE% \?@<% EIG%@AGD% .%I;CG%H?GC=@MD>N%P=DLMDDGP_%T;?%\?@<%?G\G??=AJ%E@%;A%=AAG?%L@?GR%@?%EIG%`;N%=A%`I=LI%.%<;N%`=DI%E@%H?GDGAE%<NDG>\%E@%N@MR%EIG%V.X%EI;E%=D%L;>>GP%\@?%=D%EIG%V.X%EI;E% E;SGD% DI;HG% =A% E;S=AJ% ?GDH@AD=Q=>=EN_% .% ;<%<NDG>\R% ;AP% \=AP% @ME%`I@% .% ;<R% QN% QG=AJ% @AG&`=EI% <N% ;LE=@ADR% QN% A@E% I=P=AJ% QGI=AP% ;%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%7mm%:\_%LI;HEG?%m%H_%73F\\%;AP%LI;HEG?%2_%7m5% .E% DGG<D% E@% <G% EI;E% EIG% BMGDE=@A% @\% QG=AJ% @AG% `=EI% @AGDG>\% ;>D@% I;D% =<H@?E;AE%QG;?=AJD% @A% EIG% E?;P=E=@A;>% PM;>=D<D_% *AG% L@M>P% PGDL?=QG% ;% LG?E;=A% GgHG?=GALG% @\%;>=GA;E=@A%\?@<%EIG%Q@PN%;D%;%\;=>M?G%E@%QG%@AG%`=EI%@AGDG>\%aL\_%j@MAJ%6FF5b_%7m8% $I=D% =D% EIG% @A>N% EI=AJ% EI;E% .R% ;LL@?P=AJ% E@% (=G?SGJ;;?PR%<;N%`=>>% `=EI@ME% QG=AJ%P@MQ>G4<=APGP_%7m2%:\_%'G;?%a6FFcb0%V'@CG%EIGA%QGL@<GD%EIG%L@AP=E=@A%\@?%EIG%H@DD=Q=>=EN%@\%DMQ^GLE=C=EN%aEI;E%=DR%;%L@AP=E=@A%\@?%EIG%H@DD=Q=>=EN%@\%GCG?%\@?<=AJ%@M?DG>CGD%=AE@%DMQ^GLEDbX%a72cb_%

! > + ! , ($ % ! % # ! ) & ! + $ ! 6 # 0 & ? !

!

D G = !

\;y;PG%@?%EI=AS=AJ%EI;E%.%;<%D@<GEI=AJ%DHGL=\=L_%$IG%GAL@M?;JG<GAE%E@%VQG% <NDG>\X% =D% ;A% GAL@M?;JG<GAE% E@% GAEG?% =AE@% <N% ?G>;E=@AD% `=EI%@EIG?D%`=EI@ME% ?GDG?C;E=@AR% E@% DL?ME=A=eG%<N%`;AED% ;AP%`=DIGDR% ;AP%A@E%PGLG=CG%<NDG>\%;Q@ME%`I@%.%QGL@<G%EI?@MJI%<N%;LE=@AD_%)N%P@=AJ%EI=DR%.%;<%=APGHGAPGAE%=A%EIG%PGGHGDE%DGADG%@\%EIG%`@?PR%QME%A@E%;>@AG%QME%E@JGEIG?%`=EI%@EIG?%HG@H>G_%%

$IG% \G;?%@\% >@D=AJ%L@AE?@>R% ;AP%;>D@%<NDG>\R% =A% \=AP=AJ%<NDG>\%;AP%<N% I;HH=AGDD% =A% N@M?% I;APDR% P@GDR% @\% L@M?DGR% H@=AE% E@% EIG% S=AP% @\%GgH@DM?G%EI;E%=D%=AIG?GAE%=A%@HGA=AJ%MH%E@%D@<G@AG_%.A%EI;E%DGADGR%A@E%VQG=AJ%EIG?GX%<;N%`G>>%<;SG%<G%\GG>%<@?G%VD;\GX_%)ME%EIG%G<HI;D=D%@A%EIG%P;AJG?D%@\%GgH@DM?G%AGJ>GLED%EI;E%>@CG%=D%;%?G>;E=@A%@\%E?MDE_%$IG%\;LE%EI;E%.%;<%=A%N@M?%I;APD%<;N%QG%Gg;LE>N%EI;E%`I=LI%<;SGD%<G%\GG>%A@%\G;?_%j@M?%>@CG%<;N%J=CG%<G%EIG%DE?GAJEI%E@%@HGA%MH%;AP%BMGDE=@A%`I;E% =E% =D% .% ?G;>>N%`;AER% ;D%`G>>% ;D% EIG% L@M?;JG% E@% \;LG% EIG% H@DD=Q>N%P=\\=LM>E% ;AD`G?D_% .E%<;N% IG>H%<G%`@?S% EI@MJI%<N% =ADGLM?=E=GD% ;AP%DG>\4PGLGHE=@AD%E@%QGL@<G%<@?G%E?MG%E@%<NDG>\%;AP%N@MR%@?%^MDE%\=>>%<G%`=EI%EIG%^@N%@\%QG=AJ%EIG?G_%%

$IGDG% ?G<;?SDR% I@`GCG?R% ;?G% A@E% @A>N% <G;AE% E@% QG% ?G;P% ;D%HDNLI@>@J=L;>%H@=AEDR%GCGA%=\%>@CG%<;N%QG%EIG?;HGME=L%=A%EI;E%DGADG_7m3%l;EIG?R%>@CG%=A%=EDG>\%=AC@>CGD%EIG%?GL@JA=E=@A%@\%EIG%<@?;>%PG<;AP%E@%QG%E?MG%E@%@EIG?D%;AP%@AGDG>\R%E@%QG%@AG_%'@CGR%;D%=E%`G?GR%=D%EIG%HM?DM=E%@\%VEIG%J@@P%=A%E?MEIX_7m1%#D%`G%<;N%D;N%EI;E%EIG%V.X%@\%V.%P=P%=EX%E;SGD%DI;HG% =A% ;LLGHE=AJ% ?GDH@AD=Q=>=ENR% D@% P@GD% EIG% V.X% @\% V.% >@CG% N@MX75F%E;SG%DI;HG% =A% E;S=AJ%@A% EIG%PG<;APD%@\% >@CG_%$I=D% =D%;>D@%@AG%@\% EIG%?G;D@AD%`IN% .%I;CG% \@LMDGP%@A% EIG% V.X% =A% >@CG%IG?GR% ;AP%A@E% @A% EIG%VN@MX%@?%EIG%V`GXR%`I=LI%PGDG?CG%;D%<MLI%;EEGAE=@A%=A%;%P=DLMDD=@A%@\%>@CG_% .E% =D% ;A% GDDGAE=;>% LI;?;LEG?=DE=L% @\% <@?;>=EN% EI;E% @A>N% .% L;A%DI@M>PG?%')%?GDH@AD=Q=>=EN%\@?%<N%PGGPD_&{>I;<%Y=><;A%?G<;?SDR%

;A@EIG?% HG?D@A% L;AA@E% E;SG%')% PGL=D=@ADR% \;LG%')% P=\\=LM>E=GDR%\GG>%')% P=DE?GDDR% >@CG%@?%P=G% =A%')% H>;LG% ;AP%C=LG%CG?D;% vzw%IG%L;A%GAEG?%=AE@%<N%D=EM;E=@A%;AP%IG>H%<G%;??=CG%;E%;%PGL=D=@A%EI;E%`=>>% QG%<=AGn% IG% L;A% DI;?G%<N% P=DE?GDD% =A% I=D% L@ALG?AR% I=<DG>\%\GG>=AJ%P=DE?GDD%;E%<N%P=DE?GDD_%)ME%IG%L;AA@E%E;SG%=E%;`;N%\?@<%<GR%I@`GCG?%<MLI%IG%<;N%`=DI%E@%P@%D@_%aY=><;A%7113QR%6b%%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%7m3%:\_% W@A;EI;A%'G;?iD% a7113b%P=DLMDD=@AD%@\%T?GMPiD% ?G<;?S% EI;E%HDNLI@;A;>ND=D% =D%;%LM?G%EI?@MJI%>@CG_%%7m1%.%`=>>%HM?DMG%EI=D%J?;AP%L>;=<%=A%LI;HEG?%8_%%75F%:@AD=PG?%;>D@%D;N=AJ%X.%P@X%`IGA%J=C=AJ%@AGiD%`GPP=AJ%C@`D_%%

+ - & $ % + % : !

! !

D G H !

#AP% \M?EIG?% (_&_% 'ÇJDE?MH% a7112bR% Vv?wGDH@AD=Q=>=EN% \@?% EIG% @EIG?%HG?D@A%AGCG?%L@AD=DED%=A%@M?%;DDM<=AJ%EIG%?GDH@AD=Q=>=EN%`I=LI%=D%I=D%@?%IG?DX%a63b_%%

$I=DR%I@`GCG?R% =D%A@E% E@% D;N% EI;E%`G%;>`;ND% DMLLGGP% =A% E;S=AJ%@A%EIG% PG<;APD% @\% >@CG_% #Q@CG% .% I;CG% J=CGA% ;% DSGELI% @\% D@<G% @\% EIG%PG<;APD%EI;E%`G%<;N%DGG%=A%@M?%?G>;E=@ADI=HD%E@%@EIG?%HG@H>G%=A%EIG%>=JIE% @\% >@CG_% $IG% H@`G?% @\% <N% PGDL?=HE=@AR% EIMDR% >=GD% `=EI=A% EIG%`=>>=AJAGDD%@\%N@M%;D%<N%?G;PG?%E@%?GL@JA=eG%EIG%H>;LG%DMLI%PG<;APD%I;CG%=A%N@M?%@`A%>=\G_%"@`GCG?R%=E%=D%-#$%;%PGDL?=HE=@A%@\%`I;E%<;AN%?G>;E=@ADI=HD% @\% >@CG% >@@S% >=SGR% @?% ?;EIG?% @\% `I;E% <;AN% ?@<;AE=L%?G>;E=@ADI=HD% >@@S% >=SGR% E@% D;CG% EIG% `@?P% V>@CGX% \@?% <@?G% H?@HG?%@LL;D=@ADR%A@?%;%H?GDL?=HE=@A% \@?%I@`%`G%DI@M>P% ?GJ;?P% EIG<_% .E% =D%;%E?;J=L%\G;EM?G%@\% EIG%V`GX%@\% >@CG%EI;E%=E%@\EGA%\@?<D%=AE@%;A%VMAI@>N%;>>=;ALGX% `I=LI% DG?CGD% E@% \GGP% EIG% DG>\4PGLGHE=@AD% @\% Q@EI% H;?E=GD0% .%L;?G\M>>N%`;ELI%@ME%\@?%;ANEI=AJ%N@M%<;N%`;AE%<G%E@%QG%@?%J=CG%N@MR%;AP% N@M% `;ELI% @ME% GCG?% D@% L;?G\M>>N% \@?% <G% ;AP% <N% VAGGPDX_% !G%DMLLM<Q%E@%H?GEGALG%;AP%L@<H>=;ALG%?;EIG?%EI;A%E@%>@CG_757%%

#D% 'ÇJDE?MH% H@=AED% @MER% EI=D% D=EM;E=@A% =D% A@E% =<H?@CGP% QN% <N%D;L?=\=L=AJ%<NDG>\% \@?%N@M_%$IG%?;HEM?GD%@\% \;>>=AJ% =A% >@CG%<;N%?G;>>N%EG<HE%<G%E@%>@DG%<NDG>\%L@<H>GEG>Nn%A@E%^MDE%E@%J=CG%MH%;%LG?E;=A%S=AP%@\% DG>\4L@AE?@>R% QME% E@% ?G\MDG% E@% E;SG% ?GDH@AD=Q=>=ENR% E@% >=CG%@?%Q?G;EIG%EI?@MJI%N@MR%;D% =\% .%`G?G%N@M_%j@M?%`=>>=AJ>N%;LLGHE=AJ%<N%D;L?=\=LGR%PGD=?=AJ%E@%E;SG%@A%<N%?GDH@AD=Q=>=E=GD%=A%;%`=DI%E@%P@%GCG?NEI=AJ%\@?%<GR%P@GD%A@E%<;SG%<;EEG?D%QGEEG?_%%

!I;E%IM<;A%QG=AJD%L@<<@A>N%L;>>%>@CG%=D%MDM;>>N%;A%;\\GLE;E=@A%`I=LI% DIMAD% >=SG% EIG% H>;JMG% E?MEI% QGE`GGA% HG@H>G_% #AP% EI=D%D=EM;E=@A%=D%A@E%;>EG?GP%QN%EIG%\;LE%EI;E%EIG%D;L?=\=LG%=D%D@<GE=<GD%Q@EI%PG<;APGP%;AP%J=CGA_%!IG?G%EIG?G%=D%A@%`=>>%E@%E?MEIR%GCGA%D;L?=\=LG%EM?AD%E@%\>;EEG?N_%a'ÇJDE?MH%7112R%67b%%

$I;E%=DR%;>EI@MJI%.%AGGP%E@%V>@DG%<NDG>\X%=A%EIG%DGADG%@\%?=PP=AJ%<NDG>\%@\%;AN%H?G4L@ALG=CGP%A@E=@A%@\%`I;E%.%;<R%.%DI@M>P%A@E%V>@DG%<NDG>\X%=A% EIG% <@?;>% DGADG% @\% ?GA@MAL=AJ% <N% ?GDH@AD=Q=>=EN_% $I=D% S=AP% @\%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%757% :\_% 'ÇJDE?MH% a7112b0% X.\% =E% `G?G% @A>N% ;% <;EEG?% @\% \M>\=>>=AJ% EIG% @EIG?% HG?D@AiD%GgHGLE;E=@AD%;AP%J?;AE=AJ%I=D%@?%IG?%`=DIGDR%@M?%;DD@L=;E=@A%`@M>P%<G;A%A@EI=AJ%>GDD%EI;At=??GDH@AD=Q>Nt<;S=AJ%@AGDG>\%EIG%E@@>%@\%EIG%@EIG?%HG?D@A_%*M?%<MEM;>%?G>;E=@AD%`@M>P% A@% >@AJG?% H?GDGAE% ;AN% LI;>>GAJG% QME% `@M>P% L@AD=DE% <G?G>N% =A% ?GL=H?@L;>%\>;EEG?N_%"@`GCG?R%`I;E%`G%;?G%DHG;S=AJ%@\%=D%;%PG<;AP%\@?%>@CGR%A@E%\@?%=APM>JGALGX%a67b_%%

! > + ! , ($ % ! % # ! ) & ! + $ ! 6 # 0 & ? !

!

D G @ !

;>E?M=D<% =D% A@% QGEEG?% EI;A% EIG% S=AP%@\% GJ@=D<% EI;E% L;A% QG% D;=P% E@% QG%GgH?GDDGP%=A%DG>\4=APM>JGALG_756%%

TM?EIG?<@?GR%`I;EGCG?%PGD=?GDR%`=DIGD%;AP%`;AED% .%<;N%GAEG?E;=A%=AR%@?%;Q@MER%>@CGR%EIGN%QGL@<G%H?@Q>G<;E=L%=A%D@%\;?%EIGN%?G<;=A%<G?G%`=DIGD%;AP%`;AED_% .%<GAE=@AGP%G;?>=G?% EI;E%;%?G;D@A%\@?%G<HI;D=e=AJ%EIG%MA=EN%@\%@AGiD%<@?;>%;LE=@AD%=D%EI;E%`G%@\EGA%BMGDE=@A%EIG%D=ALG?=EN%@\% ;A% ;LE=@A% =\% =E% =D% E@@% DG>\4L@ADL=@MD_% $IG% JGAG?@MD% ;LE% >@DGD% =ED%JGAG?@D=ENp@?% ?;EIG?% QGL@<GD% ;A% GJ@=DE=L% ;LEp=\% .% ;<% JGAG?@MD% =A%@?PG?%E@%QG%VEIG%JGAG?@MD%S=AP%@\%HG?D@AX_%$I=D%L@AD=PG?;E=@A%;>D@%I;P%<G% `@APG?=AJ% ;E% \=?DE% `IGEIG?% EIG?G% L@M>P% QG% ;AN% J@@P% MDGD% @\%V`;AE=AJ% E@% QG% D@<G@AGX% =A% >@CG_% ,GCG?EIG>GDDR% =E% DI@M>P% QG% <@?G%L@??GLE% E@% D;N% EI;E% EIG%H?@Q>G<% =D%A@E% EI;E% .%`;AE% D@<GEI=AJ_% .APGGP%EIG%(=G?SGJ;;?P=;A%L@<<;AP% =D%A@E% EI;E% .% DI@M>P%A@E%`=>>% ;E%;>>R%QME%EI;E%.%`=>>%@AG%EI=AJ_%#D%`G%D;`%`=EI%?GJ;?P%E@%QG=AJ%=AE@%`I;E%.%;<%P@=AJR%EIG%H@=AE%=D%A@E%EI;E%.%;<%;LE=AJ%`=EI@ME%=AEGAE=@AD%@?%`;AEDn%=E%=D% @A>N% EI;E% ;>>%<N% =AEGAE=@AD% ;AP%`;AED% ?GC@>CG% ;?@MAP%`I;E% .% ;<%P@=AJ_%"GALGR% EIG%LI;?JG% =D%A@E% ;J;=ADE%<N%;LE=AJ% =AEGAE=@A;>>N_% .E% =D%?;EIG?% ;% BMGDE=@A% ;Q@ME%`I;E%<N% =AEGAE=@AD% ;?GR% ;AP%`I;E% =D%<@?GR%EI;E%.%DI@M>P%A@E%L@AEGAE%<NDG>\%`=EI%<G?G>N%I;C=AJ%;%J@@P%=AEGAE=@A_&%

$I=D%=D%;>D@%;%H?@Q>G<%`=EI%DGAEGALGD%DMLI%;D%Vj@M%<;SG%<G%`;AE%E@% QG% ;% QGEEG?% <;AoXR% `I=LI% =A=E=;>>N% P?G`% <N% ;EEGAE=@A% E@% EIGDG%BMGDE=@AD%`=EI% ?GDHGLE% E@% >@CG_%,@`R% .%<;N%`G>>% ?GL@JA=eG% EI;E% >@CG%I;D%<;PG%<G%;%QGEEG?%HG?D@AR%QME%EIG%;Q@CG%L@<<GAE%=D%H?@Q;Q>N%QGDE%;AD`G?GP%QN%;%?G<;?S%EI;E%';?D%"G?EeQG?J%<;PG%E@%=ER%V/@R%`IN%;?GAiE%N@MZX% .E% ;HHG;?D% ;D% =\% EIG%<;A% I;D% ?GL@JA=eGP% EIG% H@DD=Q=>=E=GD% EI;E%>@CG%`@M>P%E?;AD\@?<%I=<R%QME%DE=>>%IG%H?G\G?D%A@E%E@%QG%E?;AD\@?<GPR%;D% =\% EIG% \GG>=AJ% EI;E% IG% L@M>P% QG% QGEEG?% DM\\=LGD_% /MLI% ;A% ;EE=EMPGR%;J;=AR%=D%GgH?GDD=CG%@\%Q;P%\;=EI_%%

$IG% <;A% ?GDG<Q>GD% EIG% N@MAJ% H?@E;J@A=DE% =A% :@GEeGGiD% ^#0$%%a6FFcb6!`I@R% E@% J=CG% ;% L;?=L;EM?G% ?G;P=AJR% P@GD%A@E% >@@S% \@?%`I;E%IG%<=JIE%\=AP%@ME%;Q@ME%I=<DG>\%=A%>@CGR%QME%>@@SD%\@?%>@CG%E@%\=AP%I=<%;D%EIG%;DH=?=AJ%;?E=DE%IG%`;AED%E@%QG_%

!I;E%`=>>%LM?G%I=<R%=\%=E%`G?G%E@%;??=CGR%`=>>%QG%>@CG_%"G%<;N%A@E%QG>=GCG% =A% h@P% QME% IG% P@GD% QG>=GCG% =A% >@CG% ;AP% EIG% H@`G?D% @\%>@CG_%$IG%QG>@CGPR%EIG%PGDE=AGP%@AGR%`=>>%DGG%;E%@ALG%EI?@MJI%EIG%@PP% ;AP% GCGA% PM>>% GgEG?=@?% IG% H?GDGAED% E@% EIG% \=?G% EI;E% QM?AD%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%756% .A% \;LER% =E% DGG<D% ;D% =\% Q@EI% ;>E?M=D<% ;AP% GJ@=D<% ;?G% ;D% Q;P% @HE=@AD% \@?%MAPG?DE;AP=AJ% >@CG% ;AP% DG>\4>@CGR% ;>EI@MJI% GJ@=D<% =D% @\EGA% H?GDGAEGP% ;D% ;% \@?<% @\%DG>\4>@CG% ;AP% ;>E?M=D<% E;SGA% ;D% L@ADE=EME=CG% @\% >@CG_% #>E?M=D<R% =A% EI=D% DGADGR% ?;EIG?%DGG<D%>=SG%;%>;LS%@\%DG>\4>@CG%`I=LIR%EIG?G\@?GR%\;=>D%E@%QG%>@CG_%

+ - & $ % + % : !

! !

D ; G !

`=EI=A%I=<_%KG;A`I=>GR%QG=AJ%PM>>%;AP%@PP4>@@S=AJ%;?G%H;?E%@\%;%HM?J;E@?N%IG%<MDE%H;DD%EI?@MJI%=A%@?PG?%E@%G<G?JGR%@AG%P;NR%=AE@%EIG%>=JIE0%EIG%>=JIE%@\%>@CGR%EIG%>=JIE%@\%;?E_%T@?%IG%`=>>%QG%;A%;?E=DER%EI;E%I;D%>@AJ%QGGA%DGEE>GP_%.\%\@?%EIG%E=<G%QG=AJ%IG%<MDE%QG%@QDLM?G%;AP%?=P=LM>@MDR%EI;E%=D%QGL;MDG%=E%=D%EIG%>@E%@\%EIG%;?E=DE%E@%DM\\G?%@QDLM?=EN%;AP%?=P=LM>G%MAE=>%EIG%P;N%`IGA%IG%=D%?GCG;>GP%=A%I=D% E?MG% H@`G?D% ;AP% EIG% DL@\\G?D% ;AP% <@LSG?D% \;>>% D=>GAE_%a:@GEeGG%6FFcR%cb%

.E%=D%A@E%DM?H?=D=AJ%EI;E%I=D%\@>>@`=AJ%GAL@MAEG?D%`=EI%`@<GA%H?@CG%E@%QG%P=D;HH@=AE=AJ_%%

! !

!

!

C!

>,&!%,#!(*&!#$&?;I<!

!A!(&'&'?&(!$%,$!$4'&!$%,$!)#0!$#8.!'&6!)#0!5,4.!

hQ#3&!45!$#0@%4-+!5#085h!P0(&8)!)#0!$#0@%&.!'4-&!

cG,05&!H,($!#*!)#0!H#0(5!#0$!#*!'&!A-!$%&5&!84-&5!*(#'!$4'&!$#!$4'&!!

B#-4!:4$@%&88!_`ak`b!!

[-&!',-!?)!%4'5&8*!45!-#$%4-+<!"7#!H&#H8&!7%#!?&8#-+!$#+&$%&(!',C&!,!7#(8.<!

],-5!:,(+#8405!!

.A%O>;E@iD%P)'H#540'%#?=DE@HI;AGD%?GL@MAED%;%\;<@MD%<NEI%;Q@ME%EIG%@?=J=AD%@\% >@CG_%!G%;?G% E@>P% EI;E%IM<;A%QG=AJD%`G?G%@?=J=A;>>N%BM=EG%P=\\G?GAE% \?@<%A@`_%&BM=HHGP%`=EI% \@M?%;?<D%;AP% >GJDR%;%IG;P%`=EI%E`@% \;LGD% \;L=AJ% @HH@D=EG% `;NDR% EIGN% I;P% ;% ?@MAP% DI;HG% ;AP%GA@?<@MD% DE?GAJEI_% )GL;MDG% @\% EI=D% EIGN% L@ADE=EMEGP% ;% EI?G;E% ;J;=ADE%EIG%J@PDR%;AP%E@%L@MAEG?%EIG=?%;EE;LSR%ÉGMD%L@ALG=CGP%;%H>;A%E@%IM<Q>G%EIG<%;AP% =<H?@CG% EIG=?%<;AAG?D0%"G%LME% EIG<%=A%I;>CGD% E@%PGL?G;DG%EIG=?%DE?GAJEI%;AP%;DSGP%#H@>>@%E@%J=CG%EIG<%;%AG`%\@?<_%$IG%?GDM>ER%I@`GCG?R%`;D%A@E%`I;E%IG%GgHGLEGP_%/GH;?;EGP%\?@<%EIG=?%@EIG?%I;>\R%EIG%IM<;A%QG=AJD%`G?G% =AL@AD@>;Q>G_%$IGN%>@AJGP%\@?%?G4MA=@AR% EIGN%EI?G`% EIG=?% ;?<D% ;?@MAP% G;LI% @EIG?% ;AP% ;><@DE% P=GP% D=ALG% EIGN%?G\MDGP%VE@%P@%;ANEI=AJ%;H;?EX%aO>;E@%715cLR%7c1R%`a`?b_%$;S=AJ%<G?LN%@A% EIG<R%ÉGMD% L;<G%MH%`=EI% ;A@EIG?%H>;A_%"G% EM?AGP% EIG=?% JGA=E;>D%;?@MAP% D@% EI;E% EIGN% L@M>P% \=AP% H>G;DM?G% =A% G;LI% @EIG?% ;AP% ;>D@%H?@L?G;EG_% $I=D% =D% E@% GgH>;=A% I@`% =E% L@<GD% ;Q@ME% EI;E% G;LI% @\% MD% =D%;>`;ND% >@@S=AJ% \@?% @M?% @EIG?% I;>\_% !=EI@ME% =ER% =\% `G% QG>=GCG%#?=DE@HI;AGDR%`G%;?G%QME%;%VE;>>N%@\%;%<;AX% aO>;E@%715cLR%7m7R%`a`.b_%!G%;?G%;>`;ND% >@AJ=AJ% \@?% EIG%@AGAGDD%;AP%`I@>GAGDD%`G%@ALG%I;PR%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%75c%&M?NEI<=LD%a7131b_%

+ - & $ % + % : !

! !

D ; D !

VEIG%L?;C=AJ%;AP%HM?DM=E%@\X%`I=LI%V=D%L;>>GP%>@CG_X%aO>;E@%715cLR%7m5R%`ai,b_%%

$IG%<NEI%H?@C=PGD%;A%GgH>;A;E=@A%A@E%@A>N%@\%H?@L?G;E=@A%QME%;>D@%@\%I@`%=E%L;<G%E@%QG%EI;E%D@<G%<GA%>@CG%<GA%;AP%@EIG?D%>@CG%`@<GAR%;AP%`IN%D@<G%`@<GA%>@CG%`@<GA%`I=>G%@EIG?D%>@CG%<GAn%EIG?G%`G?G%@?=J=A;>>N% EI?GG% DGgGDR% <;A4<;AR% `@<;A4`@<;A% ;AP% EIG%;AP?@JNA@MD%`@<;A4<;AR%`I=LI%;\EG?% EIG% DH>=E%`G?G%P?;`A% E@%G;LI%@EIG?_%$IG%H@=AE%.%`;AE%E@%\@LMD%@AR%I@`GCG?R%=D%EIG%>@AJ=AJ%\@?%MA=@A%`I=LI%#?=DE@HI;AGD%=D%;HHG;>=AJ%E@%IG?G%=A%L@AAGLE=@A%`=EI%>@CG_%$IG%;LL@MAE% IG% @\\G?D% <;N% DE?=SG% MD% ;D% L@<=L;>% @?% Gg;JJG?;EGPR% ;AP%`G%<;N%QG% >GDD% EI;A% =AL>=AGP% E@% E;SG% EIG%PGE;=>D% @\% =E% DG?=@MD>N_%jGER% EIG%<NEI% P?;`D% ;EEGAE=@A% E@% ;% D=JA=\=L;AE% ;DHGLE% @\% >@CG_% "=D% DHGGLI% =D%?G<=A=DLGAE% @\R% =\% A@E% EIG% ?G;D@A% \@?R% @M?% E;>S% ;Q@ME% V\=AP=AJ% @AGiD%@EIG?% I;>\X_% $IG% PGD=?G% \@?% MA=@A% =D% ;>D@% ;% L@<<@A% EIG<G% =A% G?@E=L%>@CGR%`I=LI%=D%?G\>GLEGP%=A%<;AN%\@?<D%@\%<NDE=L=D<%;D%`G>>_75m%%

T@LMD=AJ%@A%EIG%\@?<G?%IG?G%EI=D%LI;HEG?%E;SGD%@A%I@`%`G%;?G%QGDE%E@% LI;?;LEG?=eG% @M?% >@AJ=AJ% E@% QG% E@JGEIG?% =A% >@CG_%:G?E;=A>N% EIG?G% =D%D@<GEI=AJ%\MAP;<GAE;>%=A%EIG%PGD=?G%\@?%=AE=<;LNR%EIG%AGGP%E@%QG%GCG?%L>@DG?R% \@?% MAPG?DE;AP=AJ% DGgM;>% >@CG_% &CGA% <@?GR% =E% =D% ;% L@<<@A%EI@MJIE%EI;E%=A%>@CG%EIG?G%=D%A@E%@A>N%;A%V.X%;AP%;%VN@MX%a@?%E`@b%QME%EI;E%Q@?A%@ME%@\%EI=D%L@ADEG>>;E=@A%L@<GD%D@<GEI=AJ%<@?GR%;%V`GX_%a:\_%,@e=LS%7117R%m73\\_b%"@`GCG?R%.%`=>>%;?JMG%EI;E%?;EIG?%EI;A%E;S=AJ%EI=D%>@AJ=AJ%\@?%G;LI%@EIG?%H?=<;?=>N%;D%;%S=AP%@\%<G?J=AJ%@?%\MD=AJ%`=EI%EIG%@EIG?R%;D%D@<G%HI=>@D@HIG?D%I;CG%DMJJGDEGPR%@?%;D%;%<GDI=AJ%MH%@\%=PGAE=E=GDR%PGD=?GDR%EI@MJIED%;AP%G<@E=@ADR%=E%=D%QGEEG?%E@%\@?<M>;EG%EIG%BMGDE=@A%;Q@ME%MA=@A%=A%>@CG%;D%;%<;EEG?%@\%0-4$)_%$IG%\@?<G?%LI;HEG?%`;D% ;A% ;EEG<HE% E@% DI@`% I@`% EIG% BMGDE=@A% ;Q@ME% EIG% MA=EN% @\% ;%HG?D@AiD%>=\G%L@M>P%QG%D;=P%E@%?;=DG%;%<@?;>%BMGDE=@A%\@?%EIG%=AP=C=PM;>_%T@>>@`=AJ% ;% D=<=>;?% >=AG% @\% EI@MJIER%<N% H?GDGAE% L@ALG?A% =D% E@% DI@`%I@`%DHG;S=AJ%;Q@ME%EIG%>@CG?Di%MA=EN%=A%>@CG%I;D%;%<@?;>%P=<GAD=@A_%.A%H;?E=LM>;?R% .%`;AE%E@%\@LMD%@A%I@`%@M?%MAPG?DE;AP=AJ%@\%Q@EI%V.XR%VN@MX%;AP%V`GX%=A%>@CG%L;A%QG%D;=P%E@%PGHGAP%MH@A%;A%MAPG?DE;AP=AJ%@\%`I;E%=D%J@@PR%QN%L@AD=PG?=AJ%`I;E%=E%=AC@>CGD%E@%DE?=CG%\@?%`I;E%=D%J@@P% \@?% EIG% @EIG?% @?%`I;E% =E%<;N%<G;A% E@% ?GJ;?P%`I;E%`G% >@CG% ;D%J@@P_%

KN%P=DLMDD=@A%L;A%QG%D;=P%E@% =AC@>CG%;%P=;>GLE=L;>%<@CG<GAE_%$IG%\=?DE%H;?E%Gg;<=AGD%l@QG?E%:_%/@>@<@AiD%;LL@MAE%@\%VDI;?GP%=PGAE=ENXR%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%75m%$I=D% =D% ;% ?GLM??=AJ% EIG<G% =A% .?C=AJ%/=AJG?iD% a713m;n% 713mQn%7132b% =ACGDE=J;E=@AD%@\%EIG%A;EM?G%@\%>@CG_%

>, & ! %,# ! ( * & ! #$ & ? !

!

D ; < !

`I=LI% IG% =AE?@PMLGD% ;AP% PGCG>@HD% =A% I=D% E`@% Q@@SD% @A% >@CGR% Q#3&e!T'#$4#-6!:)$%!l!:&$,H%#(!;AP%U?#0$!Q#3&e!/&4-3&-$4-+!/#',-@&!*#(![0(!"4'&5!a711F%;AP%6FF7b_%.%L?=E=L=eG%EIG%=PG;%EI;E%`G%L@M>P%MAPG?DE;AP%EIG%HG?D@A;>% LI;?;LEG?% @\% >@CG% =A% `I;E% .% E;SG% E@% QG% E@@% A;??@`>N%HDNLI@>@J=L;>% EG?<DR% `I=LI% /@>@<@A% P@GD% =A% DHG;S=AJ% ;Q@ME% @M?%DG>CGD%;D%L?G;EGP%=A%=AEG?;LE=@A%`=EI%@EIG?%HG@H>G_%

$IG% DGL@AP% H;?E% ?;EIG?% DGED% @ME% E@% DI@`% =A% `I;E% `;ND% `G% <;N%MAPG?DE;AP%EIG%MA=EN%@\%>@CG%=A%<@?;>%EG?<D_%"G?G%.%J=CG%EIG%`@?P%E@%O>;E@R%;AP%EIG%DHGGLIR%?G\G??GP%E@%;D%EIG%DHGGLI%@\%Y=@E=<;R%PG>=CG?GP%QN%/@L?;EGD%;E%;%>;EG?%H@=AE%=A%EIG!P)'H#540'_%.%;DS%=A%`I;E%`;ND%>@CG%L;A%QG%D;=P%E@%L@ADE=EMEG%;A%;QD@>MEG%MAPG?DE;AP=AJ%@\%@M?%?G>;E=@ADI=H%;D%J@@P% EI;E% L;AA@E%QG%PGDL?=QGP%;D% ?G>;E=CG% E@%@M?%HG?D@A;>%PGD=?GDR%`=DIGD%;AP%D@%@A_%%

$IG% EI=?P% H;?E% ;EEG<HED% E@% DI@`% `IN% DMLI% ;% <@CG% E@`;?PD% EIG%<@?;>% P=<GAD=@A% @\% @M?% =PGAE=ENR% @?% ?;EIG?% MA=ENR% =A% >@CG% P@GD% A@E%EI?G;EGA% EIG% \MAP;<GAE;>>N% HG?D@A;>% LI;?;LEG?% @\% >@CG_% $IG%?GL@JA=E=@A% EI;E% >@CG% =AC@>CGD% ;QD@>MEG% PG<;APDR% .% L>;=<R% =D% A@E% ;A%;EEG<HE%E@%E?;ADLGAP%@M?%HG?D@A;>%?G>;E=@AD%QN%>G;C=AJ%@ME%EIG%HG?D@A%;D% ;A% @Q^GLE% @\% >@CG_% l;EIG?% .% ;?JMG% EI;E% =E% =D% @A>N% =A% H;?E=LM>;?%D=EM;E=@ADR% ;AP% `=EI=A% HG?D@A;>% ?G>;E=@ADI=HD% EI;E% `GR% ;D% H;?E=LM>;?%=AP=C=PM;>DR%L;A%<;SG%DGADG%@\%@M?%>=CGD%=A%;QD@>MEG%EG?<D_%%

+ !'#6#2#$K'!>'.(*&-!+-&$%+%:?!

$;S=AJ% I=D% H@=AE% @\% PGH;?EM?G% =A% #?=DE@HI;AGDi% <NEIR% l@QG?E% :_%/@>@<@A%>;MALIGD%;%EIG@?N%@\%>@CG%EI;E%\=APD%=ED%GDDGALG%=A%;%VDI;?GP%=PGAE=ENX% @?% =A% VDI;?GP% DG>CGDX_755% $IG% MAPG?>N=AJ% =PG;% =D% EI;E% @M?%DG>CGDR%`I@%`G%;?GR%;?G%;>`;ND%PGHGAPGAE%MH@A%@M?%P=\\G?GAE% aS=APD%@\b% ?G>;E=@AD% E@%@EIG?%HG@H>G_%O=LS=AJ%MH% EIG%Gg=DEGAE=;>% =PG;% EI;E%@M?%DG>CGD% ;?G% AG=EIG?% DE;E=L% A@?% DE;Q>GR% QME% EI;E% =PGAE=E=GD% ;?G% ;>`;ND%VL?G;EGPX% =A% =AEG?;LE=@A% `=EI% @EIG?DR% IG% L>;=<D% EI;E% V>@CG% =D% A@E% ;%<NDEG?=@MD% xMA=@Ai%@\% E`@%@EIG?`=DG%DGH;?;EG%;AP%=D@>;EGP%DG>CGD%QME%?;EIG?% ;% DHGL=;>% =ADE;ALG% @\% EIG%<MEM;>>N% PG\=AGP% L?G;E=@A% @\% DG>CGDX%a/@>@<@A%6FF7R%6mb%/=ALG%EI=D%L?G;E=@A%@\%@M?DG>CGD%=D%@\EGA%;E%=ED%<@DE%HG?D@A;>% ;AP% =AE=<;EG% =A% >@CGR% IG% ?GJ;?PD% =E% ;D% @AG% @\% EIG% <@DE%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%755% T@?% ;A% @CG?C=G`% @\% EIG% EIG@?N% @\% ;% DI;?GP% =PGAE=EN% DGG% G_J_% V.AE?@PMLE=@A0%lG=ACGAE=AJ%'@CGX%a/@>@<@A%6FF7b%;AP%V/G>\R%'@CG%;AP%/G>\4>@CGX%a/@>@<@A%711FbR%;D%`G>>%;D%/@>@<@A%a6FF5b_%%

+ - & $ % + % : !

! !

D ; B !

=<H@?E;AE% ?G>;E=@AD% =A% `I=LI% `G% ;?G% ;Q>G% E@% ?GL?G;EG% ;AP% ?GPG\=AG%@M?DG>CGD%`=EI%;AP%EI?@MJI%;A@EIG?%IM<;A%QG=AJ_%%

&CGA% =\% `G% DE?=CG% E@% MA=EG% `=EI% G;LI% @EIG?% =A% >@CGR% /@>@<@A%G<HI;D=eGD% EI;E% EI=D% DE?=C=AJ% L;A% @A>N% QG% MAPG?DE@@P% ;J;=ADE% EIG%Q;LSJ?@MAP%@\%@M?%QG=AJ%E`@%DGH;?;EG%=AP=C=PM;>D_%"G%?GJ;?PD%>@CG%;D%;%P=;>GLE=L;>%H?@LGDDR% V;D% EIG%<@CG<GAE%@\% E`@%P=;>GLE=L;>>N%@HH@DGP%L@ALGHE=@AD%@\%@M?DG>CGDp;D%=AP=C=PM;>D%;AP%;D%;%\MD=@A%@\%E`@4=AE@4@AGX%a/@>@<@A%6FF7R%68b_%#D%;A%Gg;<H>G%@\%EIG%@HH@?EMA=EN%>@CG%J=CGD%MD% E@% V?GPG\=AGX% @M?DG>CGD% =A% EIG% >=JIE% @\% >@CGR% /@>@<@A% @\\G?D% ;A%;LL@MAE%@\%;%l@<G@%;AP%;%WM>=GE%`I@%=ADEG;P%@\%\;L=AJ%;%E?;J=L%PG;EI%;D%=A%/I;SGDHG;?GiD% E?;JGPNR% E@@S%;A%;AJ?N% \;?G`G>>% @\% EIG=?% \;<=>=GD% =A%@?PG?%E@%DGEE>G%P@`A%=A%;%<@PGDE%DMQM?Q%=A%!=DL@AD=A_%"G%DGGD%EI=D%;D%;A% Gg;<H>G% @\% MD=AJ% V>@CG% E@% Q?G;S% EIG% Q@APD% @\% D@L=;>>N% ;LLGHE;Q>G%;AP%x?;E=@A;>i%QGI;C=@M?%;AP%PG\=AG%EIG<DG>CGD%;AG`X%a/@>@<@A%6FF7R%716b_% $IGN% A@% >@AJG?% =PGAE=\=GP% EIG<DG>CGD% `=EI% EIG=?% \;<=>=GDR% QME%V=PGAE=\=GP% EIG<DG>CGD% ;AP% EIG=?% @Q>=J;E=@AD% @A>N% `=EI% ?G\G?GALG% E@%@AG%;A@EIG?X%a/@>@<@A%6FF7R%716b_%

#D%.%I;CG%<GAE=@AGP%=A%;%H?GC=@MD%LI;HEG?R758%/@>@<@AiD%;LL@MAE%@\%;%DI;?GP%DG>\%=D%L>@DG>N%L@AAGLEGP%`=EI%I=D%;LL@MAE%@\%?G;D@AD%\@?%>@CG_%lGJ;?P=AJ% >@CG% ;D% ;% H?@LGDDR% ;AP% @M?% ?G;D@A% \@?% >@CG% ;D% VQ@MAP%MH%`=EI%EI;E%H?@LGDDX%a/@>@<@A%6FF5R%727bR%IG%EI=ASD%EIG%QGDE%?G;D@AD%\@?%>@CGR%EIG%V#?=DE@HI;A=LX%@AGDR%;?G%EIG%@AGD%EI;E%;?G%L@ADE=EMEGP%QN%EIG%DI;?GP%=PGAE=EN_%Vv$wIG%<@DE%=<H@?E;AE%;AP%G\\GLE=CG%?G;D@AD%\@?%>@CG%;?G% EI@DG% `I=LI% ;?G% ;LEM;>>N% DI;?GP% =A% EIG% ?G>;E=@ADI=H% =EDG>\X%a/@>@<@A%6FF7R%751b_%O;?E%@\%EIG%H?@Q>G<%@\%I=D%;LL@MAE%=D%;>D@%EIG%?@>G%IG% J=CGD% E@% ?G;D@AD% =A% =ER% QME% D=ALG% .% I;CG% ;>?G;PN% P=DLMDDGP% D@<G%H?@Q>G<D% =AC@>CGP% =A% EI;E% .% `=>>% A@E% \@LMD% @A% EI=D% ;DHGLE% IG?GR% QME%?;EIG?%@A%EIG%A@E=@A%@\%VDI;?=AJX%;D%=E%GAEG?D%I=D%;LL@MAE_%%

$I?@MJI%I=D%P=DLMDD=@AR%/@>@<@A%EI?@`D%>=JIE%@A%DGCG?;>%=<H@?E;AE%;DHGLED%@\%`I@%`G%;?G%;AP%QGL@<G%=A%>@CGR%;AP%I=D%@CG?4;>>%;EEG<HE%E@%DI@`% I@`% @M?% =PGAE=EN% =D% AGCG?% \M>>N% \@?<GP% =D% D=JA=\=L;AE_% $IG%;EEG<HE%E@%=AE?@PMLG%;%AG`%EG?<%=AE@%EIG%PGQ;EGR%I@`GCG?R%<;N%DE?=SG%@AG%;D%G=EIG?%L@M?;JG@MD%@?%\@@>I;?PN_%OI=>@D@HI=L;>>N%DHG;S=AJR%=E% =D%A@E% GCGA% L>G;?% `I;E% =E% <;N% <G;A% E@% DHG;S% ;Q@ME% EIG% =PGAE=EN% @\% ;%HG?D@A%;AP%`I;E%H>;LG% EI;E%L@ALGHE%<;N%I;CG%=A% >@CG_% .AE?@PML=AJ%;%EIG@?GE=L;>% L@ALGHE% DMLI% ;D% ;% VDI;?GP% =PGAE=ENX%<;N%QG% DMDHGLEGP% @\%L?G;E=AJ%<@?G% H?@Q>G<D% EI;A% =E% ;LEM;>>N% D@>CGD_% $IG% ?@>G% IG% E?=GD% E@%;DD=JA%E@%=E%\M?EIG?%A@M?=DIGD%EI=D%DMDH=L=@A_%%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%758%/GG%LI;HEG?%m_%

>, & ! %,# ! ( * & ! #$ & ? !

!

D ; I !

.E% =DR% E@%QGJ=A%`=EIR%MEEG?>N%MAL>G;?%`I;E% DGADG%`G%;?G% E@%<;SG%@\%/@>@<@AiD% L>;=<% EI;E% @M?% =PGAE=E=GD% ;?G% VL?G;EGP% =A% =AEG?;LE=@A% `=EI%@EIG?DX_% .D% =E% ;% HDNLI@>@J=L;>% A@E=@A% @?% ;% <GE;HIND=L;>% @AGZ% .D% =E% ;%J?;<<;E=L;>% H@=AE% ;Q@ME% EIG% MDG% @\% EIG% `@?P% V=PGAE=ENXR% EI;E% =DR% ;%?G<=APG?%@\%EIG%P=\\G?GAE%MDGD%@\%EIG%H?@A@MAD%V.XR%VN@MX%;AP%V`GX%=A%>@CGZ% .\% =E% =D% EIG% >;DE% @AGR% ;AP%/@>@<@A%`=DIGD% E@%H@=AE%@ME% EI;E% =E% =D%@A>N%=A%;% >;AJM;JG%`I=LI%=D%GDDGAE=;>>N%DI;?GP%EI;E% =E%<;SGD%DGADG%E@%DHG;S%@\% =PGAE=E=GDR% EI=D%A@E=@A%D@MAPD%L@??GLE_% .E% =D%@A>N%;D% L?G;EM?GD%`=EI%;%DI;?GP%>;AJM;JG%EI;E%`G%L;A%?;=DG%BMGDE=@AD%;AP%J;=A%;AD`G?D%;Q@ME%`I@%`G%;?G_%"@`GCG?R%/@>@<@A%;HH;?GAE>N%`;AED% E@% E;SG% EI=D%DMJJGDE=@A%\M?EIG?%EI;A%EI;E_%.E%D@MAPD%;D%=\%IG%`;AED%E@%D;N%D@<GEI=AJ%;Q@ME%I@`%`G%L@<G%E@%DI;?G%`;AEDR%`=DIGDR%PGD=?GD%;AP%D@%@A%=A%>@CGR%;D% `G>>% ;D% `IN% EI=D% DI;?=AJ% H>;ND% ;A% =<H@?E;AE% ?@>G% \@?% I@`% `G%MAPG?DE;AP%@M?DG>CGD%;AP%>@CG_%#AP%`IN%A@EZ%:@M>P%`G%A@E%D;N%EI;E%>@CG% =D% Gg;LE>N% L@ADE=EMEGP% QN% @M?% DI;?=AJ% I@HGDR% P?G;<D% ;AP% \G;?DR%@M?%<G<@?=GD%@\%;%H;DE%;AP%@M?%H>;AD%\@?%;%\MEM?GR%=A%DI@?E%DI;?=AJ%,!84*&%;AP%@\EGA%;%I@<G%`=EI%G;LI%@EIG?Z%%

:G?E;=A>N%EIGDG%`;ND%@\%QG=AJ%Q@MAP%E@JGEIG?%QN%^@=AE%GgHG?=GALGDR%@\% DI;?=AJ% PGD=?GD% ;AP% ;DH=?;E=@AD% =D% ;% LGAE?;>% ;DHGLE% @\% >@CG_% .A% =ED%\MAP;<GAE;>% PG<;AP% \@?% ?GL=H?@L=ENR% @M?% >@CG% \@?% G;LI% @EIG?% =D%LI;?;LEG?=eGP%QN%@M?%<MEM;>%?G;LI=AJ%@ME%\@?%G;LI%@EIG?R%@M?%`;AE=AJ%E@%DI;?G%G;LI%@EIG?iD%EI@MJIED%;AP%\GG>=AJD_%&CGA%<@?GR%.%`@M>P%L>;=<%EI;E% =E% =D% @\%H;?;<@MAE% =<H@?E;ALG% EI;E% =A%QM=>P=AJ%;% ?G>;E=@ADI=H%@\%>@CGR% EI?@MJI% L@ACG?D;E=@AR% EI?@MJI% >G;?A=AJ% ;Q@ME% EIG% @EIG?% ;AP%;Q@ME% @M?DG>CGDR% `G% L@<G% E@% DI;?G% ;A% MAPG?DE;AP=AJ% @\% EIG% `@?>P_%$I=D%<;NR%\@?%=ADE;ALGR%QG%DGGA%=A%EIG%P=?G%AGGP%.%<;N%GgHG?=GALG%EI;E%EIG% DE@?N% EI;E% N@M% EG>>% @EIG?D% ;Q@ME% MD% =A% D=JA=\=L;AE% ?GDHGLED% =D% EIG%D;<G%;D%EIG%VDE@?N%;Q@ME%MDX%EI;E%.%EG>>%EIG<_%*?%E@%A;<G%QME%@AG%@EIG?%;DHGLER% =E%<;N% DI@`% =A% EIG%`;ND% =A%`I=LI%`G%<;N% L@<G% E@% DI;?G% ;%?G;LE=@A% E@% D@<GEI=AJR% QN% E;S=AJ% @CG?% ;AP% >G;?A=AJ% \?@<% EIG% @EIG?iD%?G;LE=@AD_%

$IG% D=JA=\=L;ALG% @\% DI;?=AJ% ;% >=\G% =A% G?@E=L% ?G>;E=@ADI=HD% ;>D@%P=DE=AJM=DIGD%EIG<%\?@<%@EIG?%?G>;E=@ADI=HD%@\% >@CG_%&?@E=L% >@CGR%;D% =E%`G?GR% =AC@>CGD% EIG% BMGDE=@A% `IGEIG?% `G% `;AE% E@% <;SG% ;% >=\G% E=<G%L@<<=E<GAER% ;>EI@MJI% EI=D% DI@M>P% A@E% QG% E;SGA% E@% <G;A% EI;E% `G%AGLGDD;?=>N%L@<G%E@%DI;?G%@M?%>=\G%=A%;AN%H;?E=LM>;?%`;NR%DMLI%;D%>=C=AJ%E@JGEIG?_%*M?%>=CGD%L@<G%E@JGEIG?%=A%EIG%<@DE%=AE=<;EG%`;NDR%`IG?G;DR%D;NR%EIG%>@CG%QGE`GGA%H;?GAE%;AP%LI=>PR%=A%<;AN%L;DGD%DI@M>P%>G;P%E@%>=C=AJ%DGH;?;EG%>=CGD_%%

/@>@<@A%`@M>P%H?@Q;Q>N%;P<=E%EI;E%EIG%A@E=@A%@\%;%DI;?GP%>=\G%EI;E%=D% LI;?;LEG?=DE=L% @\% >@CG% =AE?@PMLGD% ;% P=\\G?GAE% DGADG% @\% DI;?=AJ% EI;A%

+ - & $ % + % : !

! !

D ; C !

P@GD%H@=AE=AJ%@ME% EIG% L@ADE=EME=CG% ?@>G% EI;E% DI;?=AJ%H?;LE=LGD%I;D% \@?%MAPG?DE;AP=AJ% P=\\G?GAE% `;ND% @\% E;>S=AJ% ;Q@ME% =PGAE=EN_% (GGH=AJ% =A%<=AP%EIG%`;ND%=A%`I=LI%>;AJM;JG%=D%A@E%;%H?=C;EG%QME%;%L@<<@A%;\\;=?%=D% D=JA=\=L;AE% \@?% P=DD@>C=AJ% EIG% DLGHE=L;>% BMGDE=@A% @\% @EIG?%<=APD% ;D%`G>>%LG?E;=A%=AP=C=PM;>=DE%;DDM<HE=@AD%=A%HI=>@D@HIN_%"@`GCG?R%GCGA%=\% EI=D% ?G;>=e;E=@A% ;Q@ME% >;AJM;JG% <;N% ?G>=GCG% @AG% @\% ;% LG?E;=A%<GE;HIND=L;>%D@>=HD=D<R%EIG%S=AP%@\% >@AG>=AGDD% EI;E%J=CGD%?=DG% E@%DMLI%BMGDE=@AD% =D%A@E%AGLGDD;?=>N%>GDDGAGP%QN%=E_% .%;<%EI=AS=AJ%@\% EI@MJIED%DMLI%;DR%V.D%EIG?G%;AN@AG%`I@%MAPG?DE;APD%<GZXR%@?R%V#<%.%;>@AG%`=EI%EIGDG% EI@MJIED% ;AP% GgHG?=GALGDZX% /E;A>GN% :;CG>>% a7128R% 6c34688b% I;D%@\\G?GP%D@<G%@\% EIG%<@DE% =AD=JIE\M>%P=DLMDD=@AD%;Q@ME% EI=D%Gg=DEGAE=;>%;DHGLE%@\%D@>=HD=D<_%%

';AJM;JGR%;D%=E%`G?GR%=D%A@E%@A>N%EI;E%`I=LI%Q?=AJD%MD%E@JGEIG?n%=E%=D%@A>N% ;J;=ADE% EIG% Q;LSJ?@MAP% @\% >;AJM;JG% EI;E% =E% =D% <G;A=AJ\M>% E@%DHG;S%;Q@ME%QG=AJ%@\%P=\\G?GAE%<=APD_% .A% EI;E% DGADGR% >;AJM;JG% =D%;>D@%EIG% H?GDMHH@D=E=@A% \@?% LG?E;=A% L@A\>=LED_% $@% QG% =A% L@A\>=LE% `=EI% G;LI%@EIG?%`G%I;CG% E@% DI;?G% ;A%MAPG?DE;AP=AJ% @\%`I;E% @M?%`@?PD%<G;AR%QME%EI=D%S=AP%@\%DI;?GP%MAPG?DE;AP=AJ%P@GD%A@E%P@%<MLI%E@%D@>CG%EIG%L@A\>=LED%EIG?G%;?G%QGE`GGA%MD_%.A%@EIG?%`@?PDR%E@%DI;?G%EIG%L@ALGHE%@\%V`;AE=AJX% =D%A@E% EIG% D;<G%;D%`;AE=AJ% EIG% D;<G% EI=AJ_%,GCG?EIG>GDDR%EI=D%=D%A@E%E@%PGAN%EI;E%EIG?G%=D%;>D@%;%L@AE=AM=EN%QGE`GGA%EIG%`;ND%=A%`I=LI% DI;?GP% ?G;LE=@ADR% EI;E% =DR% `;AE=AJ% EIG% D;<G% EI=AJDR% ;?G%D=JA=\=L;AE% \@?% DI;?=AJ% ;% L@ALGHE% @\% V`;AE=AJXR% ;D%`G>>% ;D% DI;?=AJ% ;%>;AJM;JG% ;AP% E;>S=AJ% E@JGEIG?% =A% EIG% \=?DE% H>;LG_% :@<H;?GR% \@?% @AG%EI=AJR%!=EEJGADEG=AiD% ?G<;?SD% @A% EIG% =<H@?E;ALG% @\% V;J?GG<GAE% A@E%@A>N%=A%PG\=A=E=@AD%QME%;>D@%aBMGG?%;D%EI=D%<;N%D@MAPb% =A% ^MPJ<GAEDX%\@?% >;AJM;JG% VE@% QG% ;%<G;AD% @\% L@<<MA=L;E=@AX% a!=EEJGADEG=A% 7112R%q6m6b_%!G%L@M>P%A@E%L@<G%E@%DI;?G%;%L@ALGHE%@\%`;AE=AJ%=\%`G%P=P%A@E%E@% ;% LG?E;=A% GgEGAE% `;AE% EIG% D;<G% EI=AJD_% "@`GCG?R% <N% ;AP% N@M?%`;AE=AJ%P=\\G?GAE%EI=AJD%P@GD%A@E%AGLGDD;?=>N%DI@`%EI;E%;AN%@AG%@\%MD%I;D%<=DMAPG?DE@@P%EIG%L@ALGHE_%

.A%EIG%>=JIE%@\%EI=D%P=DE=ALE=@A%QGE`GGA%P=\\G?GAE%DGADGD%=A%`I=LI%`G%<;N% DHG;S%;Q@ME% DI;?=AJ%;% >=\G% =A% ?GDH@ADG% E@% EIG% DLGHE=L% ;AP% =A% EIG%L@AEGgE%@\%G?@E=L% >@CGR%`G%L@M>P%MAPG?DE;AP%EIG%>@AJ=AJ% \@?%MA=@A% =A%G?@E=L% >@CG% ;D% EIG% `=DI% E@% Q?=PJG% EIG% S=APD% @\% J;HD% EIG?G% <;N% QG%QGE`GGA% HG@H>G% `;AE=AJ% P=\\G?GAE% EI=AJD_% .E% =D% ;% >@AJ=AJ% EI;E% >@CG%`@M>P%;AD`G?%E@%@M?%>@AG>=AGDDR%EI;E%=A%>@CG%.%`@M>P%QG%MAPG?DE@@P%QN%;A@EIG?% IM<;A% QG=AJR% `I@% =D% H?GL=DG>N% ;A@EIG?% ;AP% A@E% <G_% :_/_%'G`=D%a718Fb%J=CGD%C@=LG%E@%@AG%`;N%@\%H=LEM?=AJ%EI=D%>@AJ=AJ%`IGA%IG%PGDL?=QGD%\?=GAPDI=H%=A%EIG%\@>>@`=AJ%`;N_%

>, & ! %,# ! ( * & ! #$ & ? !

!

D ; = !

T?=GAPDI=H%?=DGD%@ME%@\%<G?G%:@<?;PGDI=H%`IGA%E`@%@?%<@?G%@\%EIG% L@<H;A=@AD% P=DL@CG?% EI;E% EIGN% I;CG% =A% L@<<@A% D@<G%=AD=JIE% @?% =AEG?GDE% @?% GCGA% E;DEG%`I=LI% EIG% @EIG?D% P@% A@E% DI;?G%;AP%`I=LIR%E=>>%EI;E%<@<GAER%G;LI%QG>=GCGP%E@%QG%I=D%@`A%MA=BMG%E?G;DM?G% a@?% QM?PGAb_% $IG% ENH=L;>% GgH?GDD=@A% @\% @HGA=AJ%T?=GAPDI=H%`@M>P%QG%D@<GEI=AJ%>=SGR%V!I;EZ%j@M%E@@Z%.%EI@MJIE%.%`;D%EIG%@A>N%@AG_X%a'G`=D%718FR%85b%752%

.E% =DR% @\% L@M?DGR% D@<GEI=AJ% E@%<;?CG>% ;E%`IGA%N@M%P@%<GGE% D@<G@AG%;AP%EIG?G%=D%A@%J;H%QGE`GGA%N@M_%$@%;A%GBM;>%GgEGAE%=E%=D%D@<GEI=AJ%E@%PGDH;=?%;Q@ME%=\%N@M%AGCG?%P@R%@?%=\%N@M%\@?%D@<G%?G;D@A%;?G%?GBM=?GP%E@% DE;N%;`;N% \?@<% EIG%@AG%N@M% >@CG_%&CGA%<@?GR% =E% =D%;% E?;JGPN%I@`%<MLI%`GR%;D%;%L@ADGBMGALG%@\% EI=D% >@AJ=AJR%<;N%GAPM?G%=A%EIG%QG>=G\%EI;E% =E% =D% >@CG_% T@?% ;D% P=\\=LM>E% ;D% =E%<;N% QG% E@% ;P<=ER% A@E% ;>>% @\% EI=D%>@AJ=AJR%H@`G?\M>%;D%=E%<;N%QGR%=D%AGLGDD;?=>N%;%>@AJ=AJ%\@?%>@CG_%.E%=DR%\@?% @AG% EI=AJR% A@E% L>G;?% EI;E% EIG% BM@EG% QN% 'G`=D% ?G;>>N% DG?CGD% E@%;?E=LM>;EG%EIG%PGD=?G%\@?%,-#$%&(!HG?D@AR%;AP%A@E%^MDE%\@?%;A@EIG?%'&_%

.A% I=D% G<HI;D=D% @A% <GGE=AJ% D@<G@AG% `=EI% EIG% D;<G% =AEG?GDED% ;D%@AGDG>\R% 'G`=D% ;>D@% J=CGD% E@@% <MLI% E@% EIG% HI=>@HI=L;>% EGAPGALN% E@%H=LEM?G% @M?% HDNLI@>@JN% =A% =AP=C=PM;>=DE% EG?<D% EI;E% .% I;CG% L?=E=L=eGP%G;?>=G?%=A%EI=D%`@?S_%.A%@EIG?%`@?PDR%IG%H;CGD%`;N%\@?%EIG%=PG;%EI;E%EIG%`@?PD%VG<@E=@ADXR%VEI@MJIEDX%;AP%VPGD=?GDXR%;AP%D@%@AR%PGA@EG%=AAG?%@Q^GLED% EI;E% =E% =D% H@DD=Q>G% E@% =D@>;EG% `=EI=A% EIG% =AP=C=PM;>_% "G?G%?G\>GLE=@A%@A% EIG%`;ND% =A%`I=LI%`G%<;N% DHG;S%@\% DI;?=AJ%G<@E=@ADR%EI@MJIEDR%I@HGD%;AP%\G;?DR%;AP%EIG%LI;?;LEG?=DE=L;>>N%DI;?GP%LI;?;LEG?%@\%;LE=C=E=GD%DMLI%;D%I;C=AJ%L@ACG?D;E=@ADR%H>;N=AJ%LIGDDR%;J?GG=AJ%@?%P=D;J?GG=AJR753%<;N%IG>H% E@%?=P%@M?DG>CGD%@\% EIG% =PG;%EI;E% =E% =D%;>`;ND%H@DD=Q>G% E@% Q?G;S% P@`A% EIG% DI;?GP% GgHG?=GALG% @\% P@=AJ% D@<GEI=AJ%E@JGEIG?% =AE@% =AP=C=PM;>%GgHG?=GALGD%`I=LI%E`@%@?%<@?G%HG@H>G%I;CG%=A%L@<<@A_751%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%752% :\_% ;>D@% V`G%H=LEM?G% >@CG?D% \;LG% E@% \;LG% QME% T?=GAPD% D=PG% QN% D=PGn% EIG=?% GNGD% >@@S%;IG;P% Va'G`=D%718FR% 88b_% $I=DR% I@`GCG?R% =D%A@E% E@% L>;=<% EI;E% >@CG% ;AP% \?=GAPDI=H%QN%AGLGDD=EN%AGGP% E@% QG% Q;DGP%@A% D@<G% DI;?GP! 4-$&(&5$R% ;D%'G`=D%;E% D@<G%H@=AED% \;>DG>N%DGG<D%E@%L>;=<_%/GG%);LSDE?]<%a6FF2R%m2\\b%\@?%;%L?=E=L;>%P=DLMDD=@A%@\%EI=D_%.E%DE?=SGD%<G%EI;E%'G`=D%=D%<@?G%E@%EIG%H@=AE%`IGA%IG%`?=EGDR%BM@E=AJ%&<G?D@AR%V&<G?D@A%D;=PR%Y#!)#0!8#3&!'&Z%<G;AD%Y#!)#0!5&&!$%&!5,'&!$(0$%Xp*?%;E%>G;DER%VY@%N@M%@,(&!,?#0$%EIG%D;<G%E?MEIX%a'G`=D%718FR%88b_%753%.A%EIGDG%>;EEG?%L;DGD%@\%E;>S=AJ%`=EI%G;LI%@EIG?%;AP%H>;N=AJ%J;<GD%P@=AJ%`I;E%`G%;?G%P@=AJ%E@JGEIG?%`=EI%;A@EIG?%HG?D@A%=D%L?ML=;>% \@?%@M?%MAPG?DE;AP=AJ%@\%`I;E%EIG%;LE=C=EN%=D_%$@%EIG%GgEGAE%.%<;N%DHG;S%;Q@ME%G_J_%DHG;S=AJ%E@%<NDG>\R%=E%=D%L>G;?%EI;E%EI=D%MDG%=D%DGL@AP;?N%E@%<N%DHG;S=AJ%`=EI%@EIG?D_%751% /GG%);=G?% a7112b% \@?% ;% ?GAP=E=@A%@\% EI=D% =AP=C=PM;>=DE% Q=;D% =A% DGCG?;>%HI=>@D@HI=L;>%P=DLMDD=@AD% @\% X`G4=AEGAE=@ADX_% $I=D% ;EE=EMPG% =D% ;>D@% ;HH;?GAE% =A% <;AN% H@HM>;?%

%

+ - & $ % + % : !

! !

D ; H !

TM?EIG?<@?GR% EIG% A@E=@A% EI;E% `G% GAEG?% =AE@% ;% ?G>;E=@ADI=H% `=EI%L>G;?>N%PG\=AGP%`=>>DR%`I=LI%`=>>%I@HG\M>>N%<;ELIR%=D%A@E%PGDL?=HE=CG%@\%GAEG?=AJ%;%?G>;E=@ADI=H%@\%>@CG_%*A%EIG%L@AE?;?NR%=E% =D%DE?=S=AJ%EI;E%<N%=AD=DE=AJ%@A%`I;E% .%`;AE% =A%<;AN%D=EM;E=@AD%@A>N%DG?CGD% E@%Q?=AJ%@ME%;AP%DE?GAJEIGA%;%@#-*84@$%@\%`=>>D_% .A%@EIG?%`@?PDR% EIG%BMGDE=@A%;Q@ME%`I;E%.%@?%N@M%`;AE%;?=DGD%H?GL=DG>N%QGL;MDG%`G%`;AE%P=\\G?GAE%EI=AJDR%`IG?G;D% =A%<;AN% @EIG?% D=EM;E=@AD% =A%`I=LI% V`G% P@%`I;E%`G%`;AEX%EIG?G%<;N%A@E%GCGA%QG%;%BMGDE=@A%;D%E@0%a7b%!I;E%=AP=C=PM;>%@?%DI;?GP%`=>>D%H?GLGPGP%@M?% ;LE=@AD_% /;N=AJ% EI;E%`G%;?G%P@=AJ%`I;E%`G%`;AE%<;N% D=<H>N% QG% ;% `;N% @\% D;N=AJ% EI;E% `G% GA^@N% P@=AJ% `I;E% `G% ;?G%P@=AJ_%a6b%!I@%`;AEGP%E@%P@%=E%\=?DE_%&=EIG?%N@M%`G?G%\=?DE%DE?MLS%QN%;%EI@MJIE%@?%.%`;DR%@?%`G%^MDE%`GAE%@A%E@%P@%EI=AJD%`=EI%G;LI%@EIG?_%acb%!I@%I;P%E@%L@<H?@<=DG%@?%J=CG%MH%I=D%@?%IG?%`=>>%E@%?G;LI%;%PGL=D=@A_%$IG?G%=D%A@%BMGDE=@A%;Q@ME%`IGEIG?%EI=D%=D%=APGGP%`I;E%V.XR%VN@MXR%@?%V`GX%`;AE%E@%P@R%`IG?G%<N%`=>>%GAPD%@?%N@M?D%QGJ=AD_%!G%D=<H>N%;?G%E@JGEIG?_% .E% DI@M>P% ;>D@% QG% L>G;?% EI;E% =E% =D% A@E% ;>`;ND% @QC=@MD% E@%<G%`I;E%=E%=D%EI;E%.%?G;>>N%`;AER%@?%`IGEIG?%.%`;AE%;ANEI=AJ%=A%H;?E=LM>;?_%%

.A%EI=D%?GDHGLER%/@>@<@AiD%P=DLMDD=@A%J@GD%D@<G%`;N%=A%BMGDE=@A=AJ%`I;E%`G%<;N% EI=AS%@\% ;D% ;A% =AP=C=PM;>=DE%H?G^MP=LG% =A%HI=>@D@HI=L;>%P=DLMDD=@AD% @\% G<@E=ADR% =PGAE=EN% ;AP% EIG% DG>\_% "@`GCG?R% QN% A@E%H?@HG?>N% ;EEGAP=AJ% E@% EIG% E`@% DGADGD% @\% DI;?=AJ% <GAE=@AGP% ;Q@CGR%`I;E%`G%<;N%L;>>%EIG%J?;<<;E=L;>%aEIG%DI;?=AJ%@\%EIG%L@ALGHEb%;AP%EIG%HDNLI@>@J=L;>% aEIG% DI;?=AJ% @\% `;AEDbpIG% @A>N% DHG;SD% @\% >@CG% ;D% ;%<@?G% HG?D@A;>% @?% =AE=<;EG% \@?<% @\% EIG% L?G;E=@A% @\% =PGAE=ENpIG% DE=>>%GAPD%MH%`=EI%;%<;=A>N%HDNLI@>@J=L;>%H=LEM?G%@\%EIG%E`@%IM<;A%QG=AJD%=A%>@CG_%'@CGR%E@%I=<R%QGL@<GD%EIG%HDNLI@>@J=L;>%H?@LGDD%=A%`I=LI%`G%L@<G% E@% DI;?G% `;AEDR% EI@MJIED% ;AP% ?G;D@AD% `=EI% G;LI% @EIG?0% EIG%VDI;?GP%DG>\X%EIG%GAE=EN%E@%`I=LI%EIG%V`GX%@\%>@CG%?G\G?D_%.A%EI=D%`;NR%IG%\;=>D%E@%;EEGAP%E@%EIG%P=\\G?GAE%`;ND%=A%`I=LI%`@?PD%DMLI%;D%V>@CGXR%V`;AE=AJX% @?% VDI;?=AJX%<;N% QG% MDGP% =A% @M?% ?G>;E=@ADI=HD% `=EI% @AG%;A@EIG?_%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%;LL@MAED%@\%EIG%<G;AD%@\%\=AP=AJ%;%VL@<H;E=Q>GX%H;?EAG?_%$IG%QGDE%<;ELIGD%=A%>@CG%;?G%@\EGA%EI@MJIE%E@%QG%EIG%@AGD%=A%`I=LI%EIG%`;AED%;AP%=AEG?GDED%@\%EIG%H;?EAG?D%L@=AL=PG_%$@%<;SG%;%HG?\GLE%\=E%;AP%>GDDGA%EIG%DE?;=AD%@\%I;C=AJ%E@%?G;LI%;%L@<<@A%;J?GG<GAE%@A%`I;E%@AGR%;D%;%L@MH>GR%`;AEDR%=E%=D%DMJJGDEGGP%EI;E%EIG%J@;>D%;AP%;DH=?;E=@AD%@\%EIG%=AP=C=PM;>%>@CG?D%DI@M>P%QG%=A%AGGP%@\%<=A=<;>%;P^MDE<GAE_%)ME%GCGA%IG?GR%=E%=D%<@DE>N%G<HI;D=eGP% EI;E% EIG% H?;LE=L;>=E=GD% @\% >@CG% =AC@>CG% ;% L@ADE;AE% L@<H?@<=DG_% '@C=AJ%D@<G@AGR% =E% =D% D;=PR%<G;AD%A@E% ;>`;ND%JGEE=AJ%`I;E% N@M%`;AER% J=C=AJ%MH%N@M?% @`A%`=DIGD%\@?%EIG%D;SG%@\%EIG%@EIG?iD%@?%DGEE>=AJ%\@?%D@<G%<=PP>G%J?@MAP%`IG?G%N@M%L;A%;E%>G;DE%JGE%D@<G%@\%EIG%EI=AJD%N@M%`;AE_%

>, & ! %,# ! ( * & ! #$ & ? !

!

D ; @ !

l;EIG?% EI;A% =AE?@PML=AJ% ;% <GE;HIND=L;>% A@E=@A% @\% DI;?GP% DG>CGDR%;AP%EIGA%;EEG<HE=AJ%E@%;PP%\>GDI%E@%=ED%Q@AGDR%EIGAR%=E%`@M>P%I;CG%QGGA%QGEEG?%=\%/@>@<@A%I;P%QGJMA%QN%;DS=AJ%`I;E%=D%=AC@>CGP%=A%EIG%C;?=@MD%`;ND% =A% `I=LI% BMGDE=@AD% ;Q@ME% DI;?=AJ% <;N% GAEG?% =AE@% @M?% >=\G_%lG\>GLE=AJ%@A%=DDMGD%DMLI%;D%`I;E%=D%=AC@>CGP%=A%DI;?=AJ%;%I@MDGI@>PR%H;N=AJ%EIG%?GAER%J@=AJ%@A%`;>SD%@?%I@>=P;ND%E@JGEIG?R%PGL=P=AJ%@A%`I@%DI@M>P%P@%EIG%DI@HH=AJ%@?%L>G;A=AJR%<;S=AJ%L@<<@A%PGL=D=@AD%;Q@ME%QMN=AJ% L;?D% @?% `;DI=AJ% <;LI=AGDR% =AC=E=AJ% HG@H>G% @CG?% E@% I;CG% ;%H;?ENR%;AP%D@%@AR%<;N%DE?=SG%@AG%;D%MEEG?>N%<MAP;AG_%.E%P@GDR%I@`GCG?R%IG>H%@AG%E@%GDL;HG%;%<GE;HIND=L;>%H=LEM?G%@\%`I;E%=D%=AC@>CGP%=A%VN@M?%PGD=?GD% QGL@<=AJ% <=AGXR% `I=LI% <;N% @EIG?`=DG% @QDE?MLE% @AGiD%EI=AS=AJ_%T@?%`IN%DI@M>P%.%A@ER%D;NR%E;SG%N@M?%>GEEG?D%E@%EIG%H@DE%@\\=LGR%=\%N@M%;?G%QMDN%`=EI%@EIG?%EI=AJD%E@%P@R%;AP%`G%`=>>%A@E%\=AP%E=<G%E@%QG%E@JGEIG?%@EIG?`=DGZ%*?%`IN%DI@M>P%N@M%A@E% \=AP% =E% GC=PGAE% EI;E%N@M%L@M>P%H;N%EIG%?GAE%\@?%<GR%=\%.%;<%DI@?E%@\%<@AGNZ%%

#J;=ADE% EIG% HDNLI@>@J=L;>% H=LEM?G% @\% @M?% >=\G% E@JGEIG?% =A% >@CG%@\\G?GP%QN%/@>@<@AR%@AG%<;N%;?E=LM>;EG%EIG%`;N%VDI;?=AJX%GAEG?D%=AE@%@M?%L@ACG?D;E=@AD%;Q@ME%EI@MJIEDR%G<@E=@ADR%I@HGDR%P?G;<DR%=AEG?GDED%;AP% GgHG?=GALGD% QN% D;N=AJ% EI;E% =A% EIGDG% L;DGD% EIG?G% =D% A@EI=AJ% =A%H;?E=LM>;?%EI;E%`G%DI;?G_%!G%P@%A@E%DI;?G%;A%=AEG?GDE%=A%EIG%D;<G%`;N%EI;E%`G%<;N%DI;?G%;%L;SG%@?%;%`@?S>@;P_%.E%=D%A@E%EI;E%G;LI%@\%MD%@A>N%I;D%I;>\%;A%=AEG?GDE%@?%I;>\%;%EI@MJIE_%,G=EIG?%P@GD%DI;?=AJ%;%EI@MJIE%=AC@>CG%I;C=AJ% =PGAE=L;>% EI@MJIED%`=EI% EIG%@EIG?%@AGR% =A% EIG%`;N%`G%<;N%I;CG%=PGAE=L;>%L@;ED_%,@E=LG%;>D@%EI;E%=A%EIG%>;EEG?%L;DG%`G%`@M>P%A@E%A@?<;>>N%D;N%EI;E%`G%DI;?G%;%L@;ER%;AP%EI;E%=\%`G%L;A%QG%D;=P%E@%P@%^MDE% EI;ER% =E% =D% L>G;?% EI;E% DI;?=AJ% ;% EI@MJIE% @?% =AEG?GDE% ;>D@% P@GD% A@E%L@AD=DE% =A%@AG%@\%MD% L;??N=AJ% =E% ;E%;% E=<G_%$@% EIG%GgEGAE% EI;E%`G%<;N%DI;?G% ;% EI@MJIE% @?% ;A% =AEG?GDE%`G% DI@M>P% QG% ;D% ;Q>G% E@% D;N% EI;E% EIG%=AEG?GDE%=D%\M>>N%<=AG%@?%N@M?D_%%

.A% EI;E% DGADGR%`G%<;N% ?;EIG?% DHG;S% @\% DI;?=AJ% GgHG?=GALGD% =A% EIG%L@AEGgE%@\%J@=AJ% EI?@MJI%LG?E;=A% EI=AJD% E@JGEIG?R%@?%;D%;A%GgH?GDD=@A%@\%EIG%`;ND%=A%`I=LI%`G%;?G%;Q>G%E@%'&&$R%?&!4-!@#-$,@$!#(!H(&5&-$!$#!&,@%!#$%&(% =A% @M?% EI@MJIEDR% PGD=?GD% ;AP% =AEG?GDED_% !G% <;N% ;>D@% DGG% @M?%EI@MJIEDR% PGD=?GDR% I@HGD% ;AP% P?G;<D% ;D% GgH?GDD=CG% H?GL=DG>N% @\% EIG%`;ND%`G%;?G%;Q>G% E@%<GGE%G;LI%@EIG?0%MA;Q;DIGP>N% EG>>=AJ%G;LI%@EIG?%;Q@ME% @M?% HG?D@A;>% BM=?SDR% A@E% I@>P=AJ% Q;LS% GCGA% EIG% <@DE% @PP>N%D@MAP=AJ%`=DIR%;AP%D@%@A_%%

$@%=>>MDE?;EG%EI=D%DGADG%@\%MA=EN%=A%>@CGR%L@AD=PG?%`I;E% =E%<G;AD%E@%QG%GAJ;JGP% =A%;%L@ACG?D;E=@A_%$IG%LI@=LG%@\% EI=D%Gg;<H>G% =D%A@%<G?G%L@=AL=PGALG_% '@C=AJ% D@<G@AG% L;A% QG% DGGA% ;D% I;C=AJ% ;% >@AJ%L@ACG?D;E=@A%`=EI%I=<%@?%IG?% ;AP% EIG%`;ND% =A%`I=LI%`G%;?G% ;Q>G% E@%

+ - & $ % + % : !

! !

D D G !

<GGE%=A%L@ACG?D;E=@A%DI;?GD%<;AN%\G;EM?GD%`=EI%EIG%MA=EN%@\%>@CG_%$IG%AGGP%E@%?GDH@AP%;AP%;EEGAP%E@%G;LI%@EIG?%=D%;D%=<H@?E;AE%=A%>@CG%;D%=E%=D%=A%;%L@ACG?D;E=@A_%$I=D%G<HI;D=D%@A%L@ACG?D;E=@A%<=JIE%QG%EI@MJIE%E@%GgH?GDD%;%HI=>@D@HI=L;>%H?G^MP=LGR%QME%EIGA%`G%DI@M>P%SGGH%=A%<=AP%EI;E%EIG%L@ACG?D;E=@A%;Q@ME%>@CG%EI;E%O>;E@%@\\G?D%MD%=A%EIG%/N<H@D=M<%=D% ;>D@% DMHH@DGP% E@% QG% ;A% ;LL@MAE% @\% HI=>@D@HIN_% .A% EI;E% @M?%MAPG?DE;AP=AJ% @\% Q@EI% >@CG% ;AP% HI=>@D@HIN% <;N% QG% IG>HGP% QN%L@AD=PG?=AJ%EIG%=<H@?E;ALG%@\%L@ACG?D;E=@A_%%

$@%QG%;Q>G%E@%PGDL?=QG%MD%;D%I;C=AJ%;%L@ACG?D;E=@A%`G%AGGP%E@%E;SG%G;LI% @EIG?% ;AP% EIG% H?GDMHH@D=E=@AD% a@?% PG<;APDb% @\% ;% J@@P%L@ACG?D;E=@A% DG?=@MD>N_% !G% AGGP% E@% >=DEGA% E@% G;LI% @EIG?% ;AP% H;N%;EEGAE=@A%E@%`I;E%EIG%@EIG?%I;D%E@%D;N_%!G%AGGP%E@%L@AD=PG?%L;?G\M>>N%`I;E% `G% `;AE% E@% D;N% =A% ?GEM?A_% T@?% MD% E@% QG% aE@JGEIG?b% =A% EIG%L@ACG?D;E=@AR% `G% AGGP% E@% ?&! #-&% =A% =E_% $I=D% P@GD% A@E% <G;A% EI;E% `G%DI@M>P%EI=AS%@\% EIG%D;<G%EI=AJDR%@?%;PC;ALG%EIG%D;<G%=PG;DR%QME%EI;E%@M?%`@?PD% DI@M>P% >;ELI%@AE@% G;LI% @EIG?_% .\% EIGN%P@%A@E%`G% ;?G% @A>N%PG>=CG?=AJ% <@A@>@JMGD_% V)G=AJ% E@JGEIG?X% @?% VQG=AJ% @AGX% =A% EIG%L@ACG?D;E=@AR% EIGAR% L;>>D% E@% <=AP% EIG% D=JA=\=L;ALG% @\% %#7% `G% ;?G%E@JGEIG?%=A%`I;E%`G%;?G%P@=AJ_%$I=D%J=CGD%;%\=?DE%=AP=L;E=@A%@\%EIG%`;ND%=A% `I=LI% @M?% MA=EN% =A% >@CGR% ;AP% =A% L@ACG?D;E=@ADR% L;A% QG% D;=P% E@%H?GDGAE%MD%`=EI%;%<@?;>%PG<;AP_%%

/@>@<@A% =D% DGAD=E=CG% E@% EIG% `;ND% =A% `I=LI% DI;?GP% E?=;>D% ;AP%GgHG?=GALGD% <;N% E=G% HG@H>G% E@JGEIG?_% "@`GCG?R% QN% @A>N% H;N=AJ%;EEGAE=@A% E@% EI=D% ;DHGLE% @\% >@CGR% ;AP% MAPG?DE;AP=AJ% =E% =A% EG?<D% @\% ;%HDNLI@>@J=L;>% H?@LGDD% @?% Q@APR% =E% ?G<;=AD% MAL>G;?% `I;E% `@M>P%P=DE=AJM=DI%@M?%PGDL?=HE=@A%@\%>@CG%\?@<%;%PGDL?=HE=@A%@\%I@`%HG@H>G%<;N%Q@MAP%E@JGEIG?%=AR%D;NR%;AJG?R%Q=EEG?AGDD%;AP%I;E?GP_%&CGA%`=EI=A%;A%G?@E=L%?G>;E=@ADI=HR%=E%<;N%QG%P=\\=LM>E%E@%P=DLG?A%`I;E%PGD=?GD%?G;>>N%SGGH% EIG% E`@% E@JGEIG?_% $IG% >@CG?D% <;N% QG% P?;`A% E@JGEIG?% QN% EIG=?%?GDHGLE=CG%PGD=?G%E@%H?GDGAE%EIG<DG>CGD% =A%;%DHGL=\=L% >=JIER% E@%L@ABMG?%;AP% H@DDGDDR% @?% QG% D`;>>@`GP% QN% >@CGR% ;D% `G>>% ;D% QN% ;% >@AJ=AJ% E@%?G^@=LG%=A%G;LI%@EIG?%;AP%>G;?A%<@?G%;Q@ME%EIG%@EIG?%;AP%EIG<DG>CGD_78F%%

/@>@<@A%P@GD%A@E%;HHG;?%E@%I;CG%;AN%J?G;E%H?@Q>G<%=A%L;>>=AJ%;>>%@\% EIGDG% ?G>;E=@ADI=HD% ?G>;E=@ADI=HD% @\% >@CG_% .A% P=DLMDD=AJ% `I;E% L;A%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%78F%:I@@D=AJ%^@N%;D%;A%Gg;<H>G%=A%;%P=DLMDD=@A%@\%>@CG%=D%;%L@ADL=@MD%PGL=D=@A%D=ALG%^@N%=D%LGAE?;>%E@%EIG%L@ALGHE%@\%>@CG%=A%<;AN%`;ND_%$@%>@CG%D@<G@AG%=D%E@%?G^@=LG%=A%I=<%@?%IG?R%E@%\=AP%^@N%=A%QG=AJ%=A%EIG=?%H?GDGALG_%";AAGD%,NSUAGA%a6FF6b%I;D%;%<MLI%<@?G%GgEGAD=CG%P=DLMDD=@A%@\%^@NR%MA=EN%;AP%>@CG_%.%;<%=APGQEGP%E@%<;AN%@\%EIG%EI@MJIED%IG%GgH?GDDGD% EIG?G% =A% EI=D%LI;HEG?R%@?%<N%E;SG%@A% EIG<R%;>EI@MJI%EIG%?G\G?GALGD%;?G%A@E%GgH>=L=E_%

>, & ! %,# ! ( * & ! #$ & ? !

!

D D ; !

BM;>=\N%;D%?G;D@AD%@?%L@AP=E=@AD%\@?%>@CGR%IG%DMJJGDED%EI;E%VvDw@%>@AJ%;D%EI@DG%?G;D@AD%;?G%H;?E%@\% EIG%HG?D@AR%PG\=AGP% =A%E;APG<%`=EI%;% >@CG?%`I@% DI;?GD% ;AP% <MEM;>>N% IG>HD% E@% PG\=AG% EI;E% =PGAE=ENR% EIGN% ;?G%?G;D@AD%\@?%>@CG_X%a/@>@<@A%711FR%72Fb_%.E%=DR%;D%=E%`G?GR%EIG%DI;?=AJ%EI;E%<;EEG?D_%$IG%Gg;<H>G%IG%I;D%=A%<=AP%=D%@AG%@\%;%`@<;A%`I@%V>@CGD%;%<;A%QGL;MDG4IG4I;D4<@AGNX_%.E% =D%A@E%EIG%<@AGN%DIG%=D%=AEG?GDEGP%=AR%QME% V=E% =D% EIG%<@AGN% EI;E%P?;`D% EIG<% E@JGEIG?% vzwpEIG%<@AGN% EI;E%H?@C=PGD%EIG%AGE`@?S%@\%DI;?GP%;LE=C=E=GD%;AP%=PGAE=EN%EI;E%L@ADE=EMEGD%EIG=?%>@CGX_%"G%P@GDR%I@`GCG?R%;PP%EI;E%DIG%;E%>G;DE%\=APD%I=<%E@>G?;Q>G%@?% GCGA% H>G;D;AE% E@% QG% `=EI_% #AP% D=ALG% EIG% <;AR% ;J;=A% MD=AJ%/@>@<@AiD% `@?PDR% VBM=EG% ?=JIE>N% DGGD% I=<DG>\% ;D% ;% HG?D@A% `=EI% A@%H;?E=LM>;?%>@C;Q>G%\G;EM?GDXR%IG%V=PGAE=\=GD%`=EI%I=D%I;C=AJ%<@AGN_%.E%=D%A@E%^MDE%EIG%`;N%DIG%DGGD%I=<%QME%EIG%`;N%IG%DGGD%I=<DG>\X%a/@>@<@A%711FR%781b_%.A%EI;E%`;NR%Q@EI%@\%EIG<%?GJ;?P%I=D%I;C=AJ%<@AGN%;D%EIG%?G;D@A% \@?% EIG=?% >@CGR% ;AP% /@>@<@A% L@AL>MPGD% QN% ;DS=AJ% `IN% EI=D%L@M>P%A@E%QG%DGGA%;D%DMLIR%^MDE%;D%VQG=AJ%;%J@@P%IMDQ;APX%L;A%QG%DGGA%;D%;%?G;D@A%\@?%>@CG%a711FR%72Fb_787%

$IG%BMGDE=@A%.%`;AE%E@%?;=DG%=D%`IGEIG?%=APGGP%=E%=D%<G;A=AJ\M>%E@%C=G`% GCG?NEI=AJ% `I=LI% Q=APD% HG@H>G% E@JGEIG?% =A% EI=D% \;DI=@A% ;AP%`I=LI% PG\=AGD% EIG=?% =PGAE=EN% ;D% >@CG_% *AG% L@M>P% D;N% EI;E% .% `;AE% E@%L>;?=\N% EIG% L@AP=E=@AD% @\% >@CGR% QME% -#$% L@AP=E=@AD% =A% EIG% DGADG% @\%;HH?@H?=;EGAGDDR%?G;D@AD%@?%^MDE=\=L;E=@AR%;D%/@>@<@A%`;AED%E@%P@R%QME%=A% EIG% DGADG%@\% =AEG>>=J=Q=>=EN%@?%<G;A=AJ\M>AGDD_%$IG%L@AP=E=@AD% .%;<%EI=AS=AJ%;Q@ME% ;?G% @#-.4$4#-5! #*! 5&-5&<!$IG%BMGDE=@AD% ;?G%A@E%`IGEIG?%`G% DI@M>P% >@CG% D@<GEI=AJ% @?% D@<G@AG% =A% H;?E=LM>;?R% @?% `I;E% @M?%L@AP=E=@AD% ;?G% \@?% >@C=AJR% QME% `IGEIG?% =E% =D% <G;A=AJ\M>% E@% DHG;S% @\%;A@EIG?iD%`@?PD%;D%GgH?GDD=CG%@\%>@CG%=A%EIG%\=?DE%H>;LG_%%

/@<GE=<GD% =E% DGG<D% EI;E% EI=D% =D% `I;E% /@>@<@A%`;AED% E@% P@% `=EI%?G;D@AD_%"G% ;?JMGD% EI;E% EIG?G% ;?G% QGEEG?% ;AP%`@?DG% ?G;D@AD% \@?% >@CGR%;AP% D@<GE=<GD% DHG;SD% ;Q@ME%<N% ?G;D@AD% \@?% >@CG% ;D% D@<GEI=AJ% EI;E%<;N%GgH>;=A%<N%>@CG%@?%^MDE=\N%=E%=A%EIG%<=A=<;>%DGADG%@\%?GAPG?=AJ%=E%=AEG>>=J=Q>G% a/@>@<@A%6FF5R%7mmR%756b_%#<@AJ%EIG%<@?G%VPMQ=@MD%;AP%P@`A?=JIE%HG?CG?DG%?G;D@ADX%a/@>@<@A%6FF5R%725b%IG%>=DED%VEIG%AGGP%E@%QG% HMA=DIGP% @?%<;?EN?GPR% EIG% PGD=?G% E@% E;SG% L;?G% @\% ;% E?M>N% H;EIGE=L%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%787%:\_%<N%P=DLMDD=@A%=A%LI;HEG?%m_%!=EI%DMLI%;A%Gg;<H>G%=A%<=AP%.%`@M>P%IGD=E;EG%E@%;J?GG%`=EI%W@IA%#?<DE?@AJ%a6FF6b%`IGA%IG%D;ND0%XT@?%;>>%I;HHN%>@CG?D%H@DDGDD%EIG=?%@`A%H?=C;EG%=PG@>@JNR%EIG=?%DHGL=;>%`;N%@\%>@@S=AJ%;E%EIG%`@?>P%`I=LI%EIGN%DI;?G%;AP%`I=LI% EIGN% BM=GE>N% ?GJ;?P% ;D% DMHG?=@?% E@% @EIG?DX% a83b_% W@G>% );LSDE?]<% a6FF2b% I;D%L?=E=L=eGP% EI=D% =PG;% @\% >@CG% ;D% L@AD=DE=AJ% =A% QG=AJ% >@N;>% E@% G;LI% @EIG?% ;D% @HH@DGP% E@%@EIG?%HG@H>G_%%

+ - & $ % + % : !

! !

D D D !

IM<;A% QG=AJR% EIG% AGGP% E@% H>;N%h@P%`=EI% D@<G@AGX% a/@>@<@A% 6FF5R%725bR%^G;>@MDNR%VEIG%\G;?%@\%>G;C=AJ%@?%QG=AJ%>G\E%;>@AG%vzw%Q?G;S=AJ%MH%vzw%IM?E=AJ%EIG%@EIG?iD%\GG>=AJDX%a/@>@<@A%6FF5R%7284722bR%V>@CG%@ME%@\%@Q>=J;E=@AX%a/@>@<@A%6FF5R%7224723bR786%;AP%D@%@A_%%

.A% D@<G% @\% EIGDG% L;DGD% IG% E@MLIGD% MH@A% EIG% BMGDE=@A% `IGEIG?% ;%?G>;E=@ADI=H%EI;E%=D%QM=>E%@A%DMLI%?G;D@AD%VPGDG?CGD%E@%QG%L;>>GP%8#3&XR%QME%IG%P@GD%A@E%P`G>>%@A%=E_%"G%<;=AE;=AD%EI;ER%VvEwIG%DI;?GP%=PGAE=EN%@\% >@CG% L;A% =A% D@<G% L;DGD% EM?A% @ME% E@% QG% ;% I;EG\M>R% PGDE?MLE=CGR%PG<G;A=AJ%=PGAE=ENR%;AP%=A%DMLI%L;DGD%@AG%`@M>P%QG%I;?P%H?GDDGP%E@%D;N%EI;E%>@CG%=D%J@@P%;E%;>>_X%a/@>@<@A%6FF5R%72m4725b%,GCG?EIG>GDDR%IG%<;=A>N% E;SGD% EI=D% V\;LEX% ;D% ;A% =A^MALE=@A% A@E% E@% V<@?;>=eGX% >@CG_% V.E%<;N%<;SG%MD%MAL@<\@?E;Q>G%E@%EI=AS%EI;E%GC=>%;DH=?;E=@AD%DI;?GP%<;N%H?@C=PG%;%J@@P%?G;D@A%\@?% >@CGR%QME% .% EI=AS% =E% =D% =<H@?E;AE% E@%?G\?;=A%\?@<%x<@?;>=e=AJi%>@CGR%;D%/@L?;EGD%P@GDX%a/@>@<@A%6FF5R%781b_%%

.% E@@%P@%A@E%`;AE% E@% V<@?;>=eGX% >@CGR% QME% .% DE=>>%P@%A@E% EI=AS% EI;E%/@>@<@AiD% PGDL?=HE=@AD% H?@C=PG% MD% `=EI% ;%'&,-4-+*08% PGDL?=HE=@A% @\%>@CG_% /@>@<@A% G<HI;D=eGD% EIG% ?@>G% @\% ?G;D@AD% E@% QG% ;Q>G% E@% L?=E=L=eG%H;?E=LM>;?%?G>;E=@ADI=HD%@\% >@CGR%QME%IG%<;SGD% E@@% >=EE>G%@\% EIG% =AD=JIE%EI;E%`G%<;N%A@E%@A>N%L?=E=L=eG% D@<G@AG% \@?%A@E% >@C=AJ%`G>>0%`G%<;N%;>D@% ;DS% `IGEIG?% D@<GEI=AJ% =D% >@CG% =A% EIG% \=?DE% H>;LG_% &CGA% =\% Q@EI%HG?D@AD% =A% EIG% ;Q@CG% L;DG% @\% >@C=AJ% QGL;MDG4@\4EIG4<@AGN% <;N% QG%H>G;DGP%`=EI% EI=D% ;??;AJG<GAER% `G%<;N% DE=>>% EI=AS% EI;E% EIGN% P@% A@E%>@CG% G;LI% @EIG?_% 'GE% <G% E?N% E@% L>;?=\N% EI=D% @Q^GLE=@A% QN% L@AD=PG?=AJ%`I;E%=D%=AC@>CGP%=A%DG?=@MD>N%DMJJGDE=AJ%EI;E%GC=>%;DH=?;E=@AD%<;N%QG%;%J?@MAP%\@?%>@CG_%$I=D%DI@M>P%;>D@%Q?=AJ%@ME%EIG%`;ND%=A%`I=LI%?;=D=AJ%BMGDE=@AD% ;Q@ME% `IGEIG?% `G% L;A% MAPG?DE;AP% D@<GEI=AJ% ;D% >@CG% =D%=EDG>\%@\%<@?;>%L@ALG?A_%

.A%;%P=DLMDD=@A%;Q@ME%EIG%`;ND%=A%`I=LI%>@CG%GAPM?GD%LI;AJG%.%`;D%@ALG% ;DSGPR% V:;A%`G% >@CG% D@<G@AG%`I@% I;D% EM?AGP% a@?% =Db% GC=>ZX78c%$IG%BMGDE=@A%=D%H?@Q>G<;E=LR%A@E%>G;DE%QGL;MDG%=E%<;N%>G;P%MD%E@%>@@S%=A%EIG%`?@AJ%P=?GLE=@A_%!@M>P%A@E% >@CG%;AP% EIG% E?MDE% EI;E%QG>@AJD% E@% =E%<@DE%H?@HG?>N%<;SG%<G%;PP?GDD%DMLI%;%BMGDE=@AR%=\%=E%`G?G%E@%;?=DG%=A%<N%@`A%>=\GR%QN%D;N=AJR%V!G>>R%DIG%`@M>P%A@E%EM?A%GC=>XZ%.%<=JIE%GCGA%PG<;AP% E@% SA@`%`I;E%<;SGD% EIG% @AG% ?;=D=AJ% EIG% BMGDE=@A% L@AD=PG?%EI=D%;D%;A%@HE=@A_%.E%L@M>P%QG%D;=P%EI;E%V`IGA%.%E?MDE%D@<G@AGR%DIG%vzw%G<Q@P=GD%J@@PAGDD% vzw% \@?%<GX% a"G?EeQG?J%711mR%76cb_%TM?EIG?<@?GR%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%786%.E%DE?=SGD%<G%EI;E%EIG%\;LE%EI;E%`G%<;N%MAPG?DE;AP%EIGDG%;D%?G;D@AD%\@?%>@CG%?GCG;>D%EIG%H?@Q>G<D%=A%E;>S=AJ%;Q@ME%?G;D@AD%\@?%>@CG_%$IG%H?@Q>G<%=A%EIGDG%?G>;E=@ADI=HDR%=E%DGG<DR%=D%H?GL=DG>N%EI;E%EIGN%I;CG%;A@EIG?%?G;D@A%\@?%>@C=AJ%G;LI%@EIG?%EI;A%>@CG%=EDG>\_%%78c%/]?GA%/EGA>MAP%?;=DGP%EI=D%BMGDE=@A%=A%;%DG<=A;?%@A%EIG%?@>G%@\%QG>=G\D%=A%>@CG_%

>, & ! %,# ! ( * & ! #$ & ? !

!

D D < !

`G%<;N%;DS%`IGEIG?%=E% =D% =APGGP%<G;A=AJ\M>%E@%L@AD=PG?%D@<G@AG%E@%QG%;>>%GC=>_%&CGA%D@R%EI=D%BMGDE=@A%DGG<D%E@%GgG?E%D@<G%H@`G?%@A%MDn%EIG%;Q@CG% <GAE=@AGP% P=DLMDD=@A% `;D% A@E% EIG% @A>N% E=<G% HG@H>G% I;CG%MEEG?GP%EI@MJIED%@A%`I;E%E@%<;SG%@\%<@EIG?D%`I@%>@CG%EIG=?%L?=<=A;>%LI=>P?GA_%%

$IG% \@?<% @\% EIG% BMGDE=@ApV:;A% `G% >@CG% D@<G@AG% GC=>ZXp<;N%G;D=>N%>G;P%MD%E@%EI=AS%=A%EG?<D%@\%;Q=>=E=GD_%$IG%Gg;<H>G%@\%;%<@EIG?%@?%;% D;=AE%`I@% =D% ;Q>G% E@% \=AP% >@CG%;AP% L@<H;DD=@A% \@?% ;%HG?D@A%@EIG?D%L@AD=PG?%MEEG?>N%GC=>%<;N%`G>>%DE=?%MH%;%BMGDE=@A%;D%E@%I@`%;AN@AG%L;A%>@CG% =A% EIG% \;LG% @\% EIG% I@??=Q>G% PGGPD% EIGN% I;CG% P@AG_% $I=D% ?G;LE=@A%<;N% ;>D@% QG% GgH?GDD=CG% @\% @M?% @`A% GgHG?=GALGP% =A;Q=>=EN% E@% DGG%;ANEI=AJ%G>DG%QME%EIG%L?=<G%=A%;A@EIG?%IM<;A%QG=AJ_%*M?%@`A%\;=>M?G%E@% V>@CG% EIG% D=AAG?R% QME%A@E% EIG% D=AXR%<;N%GCGA% >G;P%MD% E@%H?@<HE>N%;DDG?ER% V,@% @AG% L@M>P% >@CG% DMLI% ;% HG?D@A_X% $IG% DE?GAJEI% @\% @M?%L@AC=LE=@AR% I@`GCG?R% P@GD% A@E% EM?A% =E% =AE@% ;% \;LEM;>% L>;=<_% l;EIG?%H?GDGAE=AJ%=E%;D%;%\;LEM;>%L>;=<%\?GBMGAE>N%DG?CGD%E@%L@CG?%MH%@M?%@`A%\;=>M?G_%!G%H@=AE%@M?%\=AJG?%;E%EIG%@AG%`I@%I;D%L@<<=EEGP%;%L?=<G%E@%^MDE=\N%EIG%\;LE%EI;E%`G%@M?DG>CGD%\;=>%E@%?GDH@AP%>@C=AJ>N_%%

"@`GCG?R%GCGA%=\%`G%<;N%C@=LG%DMLI%;EE=EMPGD%=A%@M?%HG?D@A;>%>=\GR%EIG?G% =D% D@<GEI=AJ% DG?=@MD>N% ;`?N% =A% EIG% EI@MJIE% EI;E% HI=>@D@HIN%DI@M>P%I;CG%;ANEI=AJ%E@%D;N%;Q@ME%`I;E%`G%;?G%;Q>G%@?%MA;Q>G%E@%P@R%D;N=AJR%\@?%=ADE;ALGR%VD@<G%@\%MD%;?G%;Q>G%E@%>@CG%GC=>R%D@<G%@\%MD%;?G%A@EX_%!@?S%=A%HI=>@D@HIN%<;N%L>;?=\N%=A%`I;E%`;ND%;%BMGDE=@A%DMLI%;D%EIG%@AG%;Q@CG%?GCG;>D%;%EG<HE;E=@A%E@%HM>>%;`;N%\?@<%`I;E%EIGDG%L;DGD%DI@`%MDR%A;<G>N%EI;E%GCGA%;J;=ADE%EIG%Q;LSJ?@MAP%@\%;%I@??=Q>G%PGGPR%>@CG% <;N% DE=>>% DI@`% MD% ;A@EIG?% IM<;A% QG=AJ% ;D% D@<G@AG% E@% >@CG_%TM?EIG?<@?GR% =E% <;N% DI@`% I@`% H@D=AJ% EIG% BMGDE=@A% =A% EG?<D% @\%;Q=>=E=GD%<;N% L@??MHE% @M?% EI=AS=AJ%QN% ;>>@`=AJ%MD% E@% =APM>JG% =A% @M?%*,480(&5% E@% >@CG%?;EIG?% EI;A%;EEGAP% E@% EIG%PG<;APD% >@CG%<;SGD%@A%MD_%OI=>@D@HINR% I@`GCG?R% L;AA@E% QG% ;DSGP% E@% >GJ=E=<=eG% @M?% @`A%DI@?EL@<=AJD% QN% @\\G?=AJ% ;% \@?<M>;% ;>@AJ% EIG% >=AGD% @\% VEIG?G% ;?G%HG@H>G% `I@% ;?G% A@E% ;HH?@H?=;EG% @?% =AEG>>=J=Q>G% @Q^GLED% @\% >@CGX% @?%V\GG>=AJ%MA;Q>G%E@%>@CG%=D%D@<GE=<GD%MAPG?DE;AP;Q>GX_78m%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%78m%.A%DMJJGDE=AJ%EI;E%VHGDD=<=DE=L%L@AL>MD=@AD%v=A%?G>;E=@A%E@%\;=>=AJ%E@%>=CG%MHE@%@AGiD%=PG;>D%GEL_w%L;AA@E%QG%?M>GP%@ME%;D%;%D=JA%@\%<@?;>%DG?=@MDAGDDX%aOI=>>=HD%7136R%mmb%@?%EI;E%VvHwGDD=<=D<%;Q@ME%@AGDG>\%=D%A@E%=AL@<H;E=Q>G%`=EI%<@?;>%DG?=@MDAGDDX%aOI=>>=HD%7136R%m5bR% =E%DE?=SGD%<G%EI;E%Y_É_%OI=>>=HD%P@GD%A@E%D=<H>N%>G;CG%HI=>@D@HIN%E@%L>;?=\N%`I;E%<@?;>=EN%<G;AD%\@?%MDR%QME%?;EIG?%H?GDL?=QGD%;%LG?E;=A%C=G`%@A%<@?;>=EN_%.%P@%A@E%DGG%`I;E%=E%L@M>P%<G;A%\@?%HI=>@D@HIN%E@%D;NR%G_J_%=A%?G>;E=@A%E@%;%<;??=GP%L@MH>G%`I@%I;CG% V;LLGHEGP% EIG% \;LEX% EI;E% EIGN% ;?G% A@E% J@=AJ% E@% ?G;>=eG% LG?E;=A% =PG;>D% EIGN%?GL@JA=eG%=A%@EIG?%?G>;E=@ADI=HDR%EI;E%VvEwIGN%L@AL>MPGR%(4+%$8)R%EI;E%=E%`@M>P%QG%\@@>=DI%

%

+ - & $ % + % : !

! !

D D B !

$IG%BMGDE=@A%.%`@M>P%>=SG%E@%HM?DMGR%EIG?G\@?GR%=D%A@E%V:;A%`G%>@CG%GC=>ZX%=A%EIG%DGADG%@\%V#?G%`G%;Q>G%E@%P@%=EXR%QME%V.D%GC=>%a;AP%A@E%EI;E%H;?E=LM>;?%HG?D@Ab%;A%=AEG>>=J=Q>G%@Q^GLE%@\%>@CGXR%@?R%VY@GD%=E%I;CG%;AN%<G;A=AJ% E@% >@CG% D@<G@AG% MAPG?% EIG% PGDL?=HE=@A% @\% QG=AJ% GC=>ZX% $IG%\;LE% EI;E% EIG?G%;?G%HG@H>G%`I@% >@CG%HG?D@ADR%`I@<%@EIG?D% ?GJ;?P%;D%GC=>R% ;AP%`I@DG% GC=>% EIGN% EIG<DG>CGD% ?GL@JA=eGR% =D% L>G;?_% .\%`G%`G?G%AGCG?%L@A\?@AEGP%`=EI%DMLI%\;LEDR%`G%`@M>P%H?@Q;Q>N%A@E%?;=DG%EIGDG%BMGDE=@AD_%)ME%;?G%EIGDG%L;DGD%QGDE%PGDL?=QGP%QN%D;N=AJ%EI;E%EIGN%>@CG%EIG% GC=>% =A% EIG<Z% .D% =E% A@E% ?;EIG?% EIG% L;DG% EI;E% =E% =D% <G;A=AJ\M>% E@%PGDL?=QG% EIG=?% ;EE=EMPG% ;D% >@CG%H?GL=DG>N% QGL;MDG% EIGN% ;?G% ;Q>G% E@% DGG%EIG% @EIG?% ;D% ;% IM<;A% QG=AJ% ;AP% A@E% ^MDE% ;D% ;A% GC=>P@G?Z% .A% @EIG?%`@?PDR%`G% DGG% >@CG% =A% EIG% ?GL@JA=E=@A% EI;E% IM<;A% QG=AJD% ;?G% AGCG?%L@<H>GEG>N%L@<H?=DGP%QN%EIG=?%PGGPD_%%

$I=D%`;N%@\%H@D=AJ% EIG%BMGDE=@A%DI@M>P%;>D@%IG>H%?=P%MD% \?@<%EIG%EG<HE;E=@A% E@% EI=AS% EI;E% `I;E% `G% ;?G% DE?MJJ>=AJ% `=EI% =A% BMGDE=@AD%DMLI%;DR% VY=P%&C;%)?;MA% (&,88)% >@CG%#P@>\%"=E>G?XR% =D% \=AP=AJ% L?=EG?=;%\@?%PGL=P=AJ%`IGEIG?%`I;EGCG?%`;D%QGE`GGA%EIG<%?G;>>N%`;D%8#3&R%;AP%A@ER%;D%.%`@M>P%D;NR%\=AP=AJ%;%`;N%@\%.&5@(4?4-+%EIG=?%?G>;E=@ADI=H%EI;E%=D%E?MG%E@%=E%;AP%@M?%?GDH@ADG%E@%=E_%%

#DS=AJ%`IGEIG?%=E%=D%<G;A=AJ\M>%E@%DHG;S%;Q@ME%>@CG%=A%;%H;?E=LM>;?%L;DG% <;N% E;SG% P=\\G?GAE% \@?<D_% a7b% .E% <;N% =AC@>CG% 84-+045$4@,88)!L@??GLE=AJ% D@<G@AG%`I@%P@GD% A@E% NGE%<;DEG?% ;% DHGL=\=L% J?;<<;E=L;>%?M>G_%V,@R%GCGA%=\%N@M%<;N%D;NR%x.%;<%D=AJ=AJ%=A%EIG%?;=AiR%N@M%L;AiE%D;N%x.%;<%>@C=AJ%=A%N@MXR%=\%N@M%`;AE%E@%D;NR%x.% >@CG%N@Mi%@?%x.%;<%=A%>@CG%`=EI%N@Mi_X% a6b% .E%<;N%QG%;%`;N%@\%H@=AE=AJ%@ME% EI;E%V.%(&,88)! 84C&%<N%Q@DDX%<;N%QG%;%QGEEG?% LI@=LG%@\%`@?PD% EI;A%V.% >@CG%<N%Q@DDXR% =\%@AG%P@GD% A@E% `;AE% ;AN@AG% E@% <=DMAPG?DE;AP% @AG% ;D% QG=AJ% 4-! 8#3&% `=EI%@AGiD%Q@DD_%acb%O@=AE=AJ%@ME%;%P=\\G?GALG%=A%05&R%`G%<;N%;>D@%GgH>;=A%E@%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%@\%EIG<%E@%E?N%E@%G<M>;EG%@?%DGGS%;\EG?%EIG%S=AP%@\%?G>;E=@ADI=H%EIGN%QG>=GCG%=D%PGGHG?_%$IGN%DGEE>G% \@?% >GDD_X% aOI=>>=HD%7136R%mcR%')!&'H%,545b_%$IG%DMJJGDE=@A% EI;E%`G%D=<H>N%;DDM<G% EI;E% EIGN% ;?G% ?=JIE% E@%<;SG% EI=D% L@AL>MD=@AR% ;AP% A@E% D;N% EI;E% EIGN% ;?G% DG>\4PGLG=CGPR%;AP%EI;E%=E%<;N%QG%GgH?GDD=CG%@\%<@?;>%DG?=@MDAGDDR%=JA@?GD%EI;E%EIG%<@?;>%BMGDE=@A%?GC@>CGD%H?GL=DG>N%;?@MAP%`I;E%=E%<G;AD%E@%?G;LI%EI=D%S=AP%@\%L@AL>MD=@A%;AP%`IGEIG?%`G%EI=AS%=E%=D%L@??GLE%E@%DGG%=E%;D%;%'#(,8%@AG_%%

!=EI%lMHG?E%lG;P%a6FF6bR% .%`@M>P%D;N%EI;E%.%P@%VA@E%QG>=GCG%EI;E%HI=>@D@HIN%L;A%P=LE;EG% E@% @AG% @AGiD% GEI=L;>% L@<<=E<GAED% ;AP% H@>=E=L;>% ;LE=@ADn% QME% HI=>@D@HIN% L;A%IG>H%MD%J;=A%;%L>G;?%C=G`%@\%`I;E%`G%;?G%;>?G;PN%=A%@AG%`;N%@?%;A@EIG?%L@<<=EEGP%E@X%am6mb_%!=EI%?GJ;?PD%E@%`I;E%=E%<;N%EG>>%MD%;Q@ME%@M?%L@<<=E<GAED%=A%>@CGR%.%`@M>P%D;N%EI;E%=E%<;N%DI@`%MD%EI;E%=A%EIG%>=JIE%@\%>@CG%EIG?G%=D%;>`;ND%;%H@DD=Q=>=EN%E@%>@CG%;AP%EI;E% =A% EI;E% >=JIE% @M?% H?;LE=L;>% =A;Q=>=E=GD% E@% >@CG% ;>`;ND% L@ADE=EMEG% ;% \;=>M?G_% *M?%\;=>M?GD%E@%>@CGR%I@`GCG?R%P@%A@E%<;SG%MD%MA>@C;Q>GR%QME%DI@`%EIG%`;N%=A%`I=LI%`G%;?G%;>>R%=A%;%DGADGR%D=AAG?D_%%%

>, & ! %,# ! ( * & ! #$ & ? !

!

D D I !

LI=>P?GA% EI;E% EIGN%V;?G%A@E% =A% >@CG%`=EIX% EIG=?%H;?GAEDR%QME% EI;E% EIGN%V>@CGX%EIG<_%$IG%DGADG%=A%DHG;S=AJ%;Q@ME%D@<GEI=AJ%;D%;%<G;A=AJ\M>%PGDL?=HE=@A%@\%>@CG%EI;E%.%`;AE%E@%\@LMD%@A%IG?GR%I@`GCG?R%=D%EIG%DGADG%=A%`I=LI%=E%?;=DGD%;%BMGDE=@A%;Q@ME%54-@&(4$)R%Q@EI%`=EI%L@ALG?A%E@%EIG%@AGD%`I@%L>;=<%EIGN%>@CGR%;AP%EIG%@AGD%`I@%\=AP%P=\\=LM>E=GD%=A%DGG=AJ%EIG<%;D%>@C=AJ_%%

T;LGP%`=EI%;%DGAEGALG%DMLI%;DR%V&C=>%QG%EI@M%<N%J@@PXR%PG>=CG?GP%QN%K=>E@AiD%/;E;A%=A%V,(,.45&!Q#5$R%@?%V$IG%PGC=>%>@CGD%;>>%GC=>XR%`G%<;N%`G>>%L@A^M?G%MH%P=\\G?GAE%=<;JGD%@\%`I;E%EI=D%GAE;=>D_%!G%<;N%EI=AS%@\%EIG% PGC=>% >;MJI=AJ% ;E% D@<G@AG% QG=AJ% HMDIGP% ;AP% E;S=AJ% ;% Q;P% \;>>R%D<=>=AJ%;E%DH?G;P=AJ%DH=EG%;AP%<;>=LG%;<@AJDE%HG@H>G_%.A%EI=D%`G%<;N%`G>>%\=AP%;%DGADG%=A%`I=LI%IG%<;N%\=AP%H>G;DM?G%=A%GC=>R%;APR%EIG?G\@?GR%QG% D;=P% E@% >@CG% =E_% )ME% `G% <;N% ;>D@% EI=AS% EI;E% I=D% V>@CG% @\% ;>>% GC=>%EI=AJDX%<G;AD%EI;E%IG%P@GD%A@E%(&,88)%>@CG%;ANEI=AJ_%"G%L;AA@E%QG%D;=P%E@% $(08)% ?G^@=LG% =A% ;ANEI=AJR% @?% GAEG?% ;% D=EM;E=@A%`=EI% EIG% VHM?=EN% @\%IG;?EX%EI;E%=D%LI;?;LEG?=DE=L%@\%>@CG_%"=D%?G;LE=@AD%E@`;?PD%@EIG?D%<;N%QG%EI@MJIE%E@%QG%QGEEG?%PGDL?=QGP%;DR%D;NR%VJ>@;E=AJX_%%

*AG%`;N%@\%PGDL?=Q=AJ%EIG%HMee>G<GAE%.%<;N%\GG>%;Q@ME%`I;E%E@%D;N%=A% ;% D=EM;E=@A% =A% `I=LI% .% P@% A@E% \=AP% =E% <G;A=AJ\M>% E@% EI=AS% @\%D@<G@AGiD%?GDH@ADGD%;D%>@CG%=D%E@%D;N%EI;E%.%P@%A@E%DGG%`I;E%=E%`@M>P%<G;A%\@?%<G%E@%DHG;S%@\%>@CG%=A%EI=D%H;?E=LM>;?%L@AEGgE_%$I=DR%I@`GCG?R%DI@M>P%A@E%QG%E;SGA%E@%<G;A%EI;E%.%<;N%@A>N%MAPG?DE;AP%D@<GEI=AJ%;D%>@CG% =A% D=EM;E=@AD% =A% `I=LI% .% L@M>P% =<;J=AG% <NDG>\% ?G;LE=AJ% E@%D@<G@AG% `=EI% >@CG_% $IG% <@DE% A@?<;>% L;DGR% @\% L@M?DGR% =D% EI;E% .%?GL@JA=eG%>@CG%;D%;%<G;A=AJ\M>%PGDL?=HE=@A%@\%;%?G>;E=@ADI=H%\?@<%EIG%PGDL?=HE=@AD%@\% =E%<;PG%QN%EIG%HG@H>G%=AC@>CGPR%;D%`G>>%;D%\?@<%EIG=?%<@?G%DH@AE;AG@MD%GgH?GDD=CG%QGI;C=@M?R%GCGA%=\%.R%<NDG>\R%P@%A@E%\GG>%EI;E%`;N_%!I;E% LI;?;LEG?=eGD% EIG% L;DG% .% ;<% EI=AS=AJ% @\% =D% ?;EIG?%<N%L@<=AJ% E@% P@MQE% EIG% D=ALG?=EN% @\% D@<G@AGiD% GgH?GDD=@AD% ;AP%`@?PDR%EIG%HM?=EN%@?%PGHEI%@\% EIG=?%;EE;LI<GAED_% .E% =D%A@E% EI;E% EIG%H;?E=GD%P@%A@E%<;DEG?% EIG% >;AJM;JG% @\% >@CGR% ;E% >G;DE% EIGN%P@% D@% @A% ;% DMHG?\=L=;>%>GCG>R%QME%EI;E%EIGN%\;=>%E@%?GL@JA=eG%EIG%S=APD%@\%PG<;APD%DHG;S=AJ%=E%=AC@>CGD_%%

/@>@<@A%;>D@%DGG<D%E@%;J?GG%EI;E%`G%L;AA@E%L;>>%^MDE%;ANEI=AJ%>@CG_%#E%EIG%QGJ=AA=AJ%@\%U?#0$!Q#3&%IG%?G<;?SD%EI;E%QN%V?G=ACGAE=AJ%>@CGX%IG%P@GD%A@E%<G;A0%%

EI;E%EIG?G%;?G%A@%H?G4J=CGA%G>G<GAED%@?%G<@E=@AD%=A%>@CGR%@?%EI;E%>@CG%L;A%QG%;ANEI=AJ%EI;E%@AG%`;AED%=E%E@%QGR%@?%EI;E%`G%L;A%GCG?%\?GG% @M?DG>CGD% \?@<% EIG% I=DE@?=L;>R% L@ALGHEM;>% ;AP% G<@E=@A;>%L@AEGgED% =A% `I=LI% `G% \=AP% @M?DG>CGD% ;AP% `I=LI% `G% I;CG% A@E%@M?DG>CGD%=ACGAEGP_%a/@>@<@A%6FF7R%65b%

+ - & $ % + % : !

! !

D D C !

!G%P@%A@ER%;D%IG%D;NDR% =ACGAE% >@CGR% >@CG% =D%;>`;ND%;%?G=ACGAE=@A_%!G%;>`;ND% AGGP% E@% `@?S% @ME% `I;E% >@CG% '&,-5% E@% MD% =A% ;% H;?E=LM>;?%?G>;E=@ADI=H%`=EI%L@ALG?A% E@% EIG%<G;A=AJ% >@CG%I;D%QGGA%J=CGA% =A% EIG%>=\G% EI;E% DM??@MAPD% MD_% $I=DR% .% EI=ASR% =D% @AG% ;DHGLE% @\% EIG% A;??;E@?% =A%WG;AGEEG%!=AEG?D@AiD%A@CG>%M(4$$&-!#-!$%&!R#.)R!D;N=AJR%V!IN%=D%=E%EI;E%EIG%<@DE%MA@?=J=A;>%EI=AJ%`G%L;A%D;N%E@%@AG%;A@EIG?%=D%DE=>>%EIG%EI=AJ%`G%>@AJ%E@%IG;?Z%x.%>@CG%N@Mi%=D%;>`;ND%;%BM@E;E=@A_%j@M%P=P%A@E%D;N%=E%\=?DE%;AP%AG=EIG?%P=P%.X%a!=AEG?D@A%6FF7QR%1b_%&CGA%=\%EIG%`@?PDR%V.%>@CG%N@MX% I;CG% QGGA% MDGP% QN%<=>>=@AD% @\% HG@H>GR% `G% DE=>>% AGGP% E@% DHG;S%EIG<%;AP%<G;A%EIG<%=A%@M?%=AP=C=PM;>%?G>;E=@ADI=HD_%%

+A\@?EMA;EG>N% /@>@<@AiD% >M<H=AJ% E@JGEIG?% EIG% I=DE@?=L;>R%L@ALGHEM;>% ;AP% G<@E=@A;>% L@AEGgED% =A% `I=LI% IG% EI=ASD% `G% \=AP%@M?DG>CGD%;AP%DHG;S=AJ%@\%EIG<%;D%D@<GEI=AJ%\?@<%`I=LI%`G%L;AA@E%\?GG%@M?DG>CGD%L@A\MDGD%<@?G%<;EEG?D%EI;A%=E%D@>CGD_%:G?E;=A>NR%J;=A=AJ%;%PGGHG?%MAPG?DE;AP=AJ% @\%`I;E% =D% =AC@>CGP% =A%<G;A=AJ\M>>N% L;>>=AJ%D@<GEI=AJ%>@CG%<;N%=AL>MPG%\?GG=AJ%@M?DG>CGD%\?@<%LG?E;=A%I=DE@?=L;>%L@AEGgED_%!G%<;N%L@<G%E@%DGG%@M?%EI=AS=AJ%;D%QG=AJ%Q@MAP%QN%LG?E;=A%LM>EM?;>%A@?<D%;Q@ME%`I;E%>@CG%DI@M>P%QG%@?%>@@S%>=SG%EI;E%H?GCGAE%MD%\?@<%?GDH@AP=AJ%E@%G;LI%@EIG?%=A%;%>@C=AJ%`;N_%$IGDG%<;N%QG%QG>=G\D%;Q@ME%EIG%?GDHGLE=CG%?@>GD%@\%EIG%E`@%JGAPG?D%=A%;%<;??=;JGR%@?%=E%<;N%QG%L@AC=LE=@AD%DMLI%;DR%V:I=>P?GA%DI@M>P%A@E%QG%Q@?A%@ME%@\%`GP>@LSXR%@?%VK;??=;JG% =D% DMHG?=@?% E@% L@4I;Q=E;E=@A_X%!G%<;N%L@<G% E@% ?G;LE% E@%DMLI%QG>=G\D%;D%H?G^MP=LGD%;AP%E?N%E@%?=P%@M?DG>CGD%@\%EIG<_%%

$IG% S=AP% @\% L@A\>;E=@A% @\% EIG% J?;<<;?% a@?% GCGA% EIG% ?M>GDb% @\%>;AJM;JG%`=EI%A@?<D%EI;E%=D%;E%`@?S%=A%/@>@<@AiD%DMJJGDE=@A%EI;E%`G%L;AA@E% \?GG% @M?DG>CGD% \?@<% @M?% L@ALGHEM;>% L@AEGgEDR% I@`GCG?R% =D%I;?P>N% IG>H\M>R% ;>EI@MJI% A@E% MAMDM;>_785% $IG?G% =D% D@<GEI=AJ% MEEG?>N%L@A\MDGP% =A% EIG% EI@MJIE% EI;E% >;AJM;JG% =A% ;AN%`;N% \@?LGD% MD% E@% D;N%;ANEI=AJ%@?%H?GDL?=QGD%`I;E%=E%=D%`G%DI@M>P%D;N_%';AJM;JGR%;D%=E%`G?GR%H?@C=PGD% MD%`=EI% EIG% E@@>D% \@?% D;N=AJ% LG?E;=A% EI=AJDR% QME%`G% ;?G% EIG%@AGD%`I@% AGGP% E@% D;N% EIG<_788% .A% EI;E%`;NR% ?;EIG?% EI;A% DHG;S=AJ% @\%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%785%K;AN%L@AD=PG?;E=@AD%@\%>;AJM;JG%;D%;%D@L=;>%L@ADE?MLE=@AR%G_J_R%DM\\G?%\?@<%Q?=AJ=AJ%BM=EG% P=\\G?GAE% ;DHGLED% @\% @M?% >=\G% MAPG?% EIG% IG;P=AJ% @\% D@L=;>>N% L@ADE?MLEGP% A@?<D_%l;EIG?%EI;A%EI=AS=AJ%EI;E%.R%=A%;AN%`;NR%;<%Q@MAP%E@%EI=AS%EI;E%6Ñ6Ömn%EI;E%E?=;AJ>GD%I;CG%E?GG%D=PGD%@?%EI;E%IMDQ;AP%;AP%`=CGD%;?G%<;??=GPR%=E%DGG<D%<@?G%L@??GLE%E@%D;N%EI;E% =E% P@GD% A@E%<;SG% DGADG% E@% L>;=<% EIG% L@AE?;?N_% j@M%`@M>P% QG% \?GG% E@% EI=AS% EI;E%6Ñ6Ö5%GEL_%=\%N@M%`G?G%;Q>G%E@%J=CG%EIG%A@E=@AD%;AN%DGADG_%%788%$I=D%=D%A@E%E@%PGAN%EI;E%EIG?G%;?G%\G;EM?GD%@\%EIG%DM?\;LG%J?;<<;?%@\%>;AJM;JG%EI;E%<;N%H?@CG%H?@Q>G<;E=L_%:G?E;=A%`;ND%@\%HMEE=AJ%;%BMGDE=@AR%DMLI%;D%V.D%>@CG%?G;>%@?%;A%=PG;>X%@?%V"@`%=D%EIG%DG>\%L?G;EGP%=A%>@CGZX%<;N%>G;P%MD%E@%>@@S%=A%EIG%`?@AJ%P=?GLE=@A%;AP%H?GDGAE% EIG%H?@Q>G<% =A%;%`;N% EI;E% G<Q@P=GD%<GE;HIND=L;>%A@E=@AD_% .E%<;N%;>D@%

%

>, & ! %,# ! ( * & ! #$ & ? !

!

D D = !

@#-.4$4#-5% @\% DGADGR% ;D% .% P=P% G;?>=G?R% =E% <;N% QG% QGEEG?% E@% DHG;S% @\%H#554?484$4&5% @\% DGADG% aL\_%KL&;LI?;AG% 6FF8R% 36bR% E@% ;C@=P% EIG% EI@MJIE%EI;E%>;AJM;JG%L@AP=E=@AD%MD%E@%D;N%;ANEI=AJ%=A%H;?E=LM>;?_782%

#%QGEEG?%`;N%@\%;HH?@;LI=AJ% EIG%BMGDE=@A%@\%DGADG% =D% E@%?G\>GLE%@A%EIG%P=DE=ALE=@A%QGE`GGA%H?=AL=H>GD%;AP%?M>GD%EI;E%/E;A>GN%:;CG>>%a7128b%<;SGD_783% VlM>GD% EG>>%N@M%`I;E%N@M%P@%`IGA%N@M%P@% EIG% EI=AJ%;E%;>>n%H?=AL=H>GD% EG>>% N@M% I@`% E@% P@% EIG% EI=AJ% `G>>R% `=EI% DS=>>% @?%MAPG?DE;AP=AJX% a:;CG>>%7128R%63461b_% .A%@EIG?%`@?PDR% =E% =D%H@DD=Q>G% E@%P=DE=AJM=DI%QGE`GGA% D=EM;E=@AD% =A%`I=LI%`G% L;A% DGG% EI;E% D@<G@AG% =D%GAJ;J=AJ%=A%;%H;?E=LM>;?%;LE=C=EN%QME%P@=AJ%=E%H@@?>NR%;AP%D=EM;E=@AD%=A%`I=LI%`G%`@M>P%A@E%D;N%EI;E%EIGN%;?G%GAJ;J=AJ%=A%EIG%;LE=C=EN%;E%;>>_%$IG?G% ;?GR% E@% E;SG% @AG% Gg;<H>GR% <;AN% EI=AJD% N@M% L;A% P@% `=EI% EIG%H=GLGD%@\% ;% LIGDD4J;<GR%QME% GCG?NEI=AJ%N@M%P@%P@GD%A@E% L@ADE=EMEG%;%<@CG% =A% EIG%J;<G%@\% LIGDD_% Vj@M%:#,%H05%! $%&! 84$$8&! #?J&@$! @,88&.! $%&!m0&&-% =A%<;AN%`;NDR%;D%N@M%L;A% 84*$% =E% ;AP% $%(#7% =E% ;L?@DD% EIG%?@@<n%A@E% ;>>% @\% EIGDG%`=>>% QG%'#34-+! $%&!m0&&-X% a:;CG>>% 7128R% 63b_%#J;=ADE%EI=D%P=DE=ALE=@AR%@AG%L@M>P%D;N%EI;E%A@?<D%;?G%<@?G%L>@DG>N%?G>;EGP%E@%`I;E% =E% =D% E@% P@% D@<GEI=AJ% `G>>% @?% Q;P>N_% $IG% L@AP=E=@AD% @?%H@DD=Q=>=E=GD%@\%DGADG%@\%`I=LI%.%I;CG%DH@SGA%?;EIG?%?G>;EG%E@%`I;E%=E%=D%E@%QG%P@=AJ%;%LG?E;=A%EI=AJ%;E%;>>_%%

,@`R%`IGA%`G%<@CG%\?@<%DHG;S=AJ%;Q@ME%EIG%?M>GD%;AP%H?=AL=H>GD%\@?% LIGDD% E@% BMGDE=@AD% ;Q@ME% <@?;>=EN% ;AP% >@CGR% EIG% >=AG% QGE`GGA%\;=>=AJ%E@%P@%D@<GEI=AJR%DMLI%;D%\;=>=AJ%=A%>@CGR%;AP%A@E%>@C=AJ%=D%A@E%;>`;ND% L>G;?_% V!IGA% =D% A@E% P@=AJ% ;% EI=AJ%`G>>% A@E% ?G;>>N% P@=AJ% EIG%EI=AJZX% a:;CG>>% 7128R% 61b_781% .\% `GR% ;J;=AR% L@AD=PG?% I;C=AJ% ;%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%EM?A%@ME%EI;E%LG?E;=A%GgH?GDD=@AD%MDGP%=A%EIG%HI=>@D@HI=L;>%P=DLMDD=@A%;?G%@HH?GDD=CGR%DMLI%;D%E;>S=AJ%;Q@ME%VEIG%>@CG%QGE`GGA%<;A%;AP%`@<;AX%@?%G<HI;D=e=AJ%EIG%AGGP%\@?% V?;E=@A;>% ^MDE=\=L;E=@AX_%,GCG?EIG>GDDR%`G% ;?G% \?GG% A@E% E@% E;>S% =A% LG?E;=A%`;NDR% E@%>G;CG% @ME% LG?E;=A% GgH?GDD=@ADR% ;AP% ;>D@% E@% \=AP% AG`% `;ND% @\% ;?E=LM>;E=AJ% @M?%GgHG?=GALGD_%';AJM;JGR%=A%EI;E%`;NR%=D%A@E%;%L>@DGP%DNDEG<_%782% $I=D% =D% A@E% E@% D;N% EI;E% EIG% <G;A=AJ% ;% `@?P% I;D% =A% ;% H;?E=LM>;?% D=EM;E=@A% =D% A@E%PGHGAPGAE%@A%=ED%I=DE@?N%@\%MDGD% =A%H?GC=@MD%D=EM;E=@AD_% .E% =D%@A>N%E@%D;N%EI;E% =ED%MDGD%EIG?G%P@%A@E%PGEG?<=AG%EIG%<G;A=AJ%aEI;E%=D%=ED%MDGb%=A%AG`%D=EM;E=@AD_%%%783%$IG%P=DLMDD=@A%@A%?M>GD%;AP%`IGEIG?%`G%DI@M>P%MAPG?DE;AP%>;AJM;JG%=A%EG?<D%@\%?M>G4\@>>@`=AJ%=D%C;DE%;AP%QN%\;?%GgLGGPD%EIG%DL@HG%@\%EI=D%`@?S_%T@?%A@`R%=E%L;A%@A>N%QG% A@EGP% EI;E% .% ;<% D>=JIE>N% MAL@<\@?E;Q>G% `=EI% EIG% EG?<R% ;AP% EI=AS% EI;E% =E% AGGPD%G>;Q@?;E=@A%E@%JGE%EIG%=<H@?E;AE%H@=AED%@\%EIG%P=DLMDD=@A%^MDE%?=JIE_%781%OG?I;HD%EI=D%=D%D@R%QGL;MDG%=A%<@?;>%<;EEG?D%@AG%<;N%EI=AS%EI;E%EIG%@A>N%EI=AJ%EI;E%<;EEG?D%=D%%#7!`G%P@%D@<GEI=AJ_%$I;E%=DR%`G%DI@M>P%.#!7&88%@?%?&!+##.R%A@E%P@%`G>>%@?%QG%J@@P%;E%;AN%DHGL=\=L% EI=AJ_%$I=D% =D%@AG%;DHGLE%@\% EIG%P=DE=ALE=@A% EI;E%!=EEJGADEG=A%a7185Qb%<;SGD%QGE`GGA%A@E%<=AP=AJ%H>;N=AJ% EGAA=D%Q;P>NR%;AP%A@E%<=AP=AJ%QG=AJ%;%J@@P%HG?D@A%a5b_%!IG?G;D%`G%<;N%;LLGHE%EIG%\=?DE%;D%?GCG;>=AJ%@\%;A%MAPG?DE;AP=AJ%@\%

%

+ - & $ % + % : !

! !

D D H !

L@ACG?D;E=@A%=E%=D%E?MG%EI;E%=A%<;AN%@\%@M?%;LEM;>%GgLI;AJGD%`G%@\EGA%\;=>% Q@EI% EIG% @EIG?% ;AP% EIG% L@ACG?D;E=@A% QN% A@E% ;>`;ND% >=DEGA=AJR% QN%QG=AJ% E@@% L@ALG?AGP%`=EI% JGEE=AJ% @M?% @`A%H@=AED% ;L?@DDR% ;AP% D@% @A_%"G?G%;A@EIG?%HG?D@A%<;N%D;N%EI;E%`G%;?G%I;C=AJ%;%Q;P%L@ACG?D;E=@AR%QME%IG%@?%DIG%<;N%;>D@%L?=E=L=eG%MD%QN%D;N=AJ%EI;E%`G%;?G%A@E%I;C=AJ%;%L@ACG?D;E=@A%;E%;>>_%%

&;?>=G?% .% I;CG% L?=E=L=eGP% EIG%A@E=@A% EI;E%`G% L@M>P% DGEE>G% BMGDE=@AD%DMLI% ;DR% V#?G% `G% I;C=AJ% ;% Q;P% L@ACG?D;E=@AR% @?% ;?G% `G% I;C=AJ% ;%L@ACG?D;E=@A% ;E% ;>>XR% QN% ;HHG;>=AJ% E@% L?=EG?=;% @?% ?M>GD% \@?% ;HH>N=AJ% ;%`@?P% EI;E% ;?G% =APGHGAPGAE% @\% EIG% EI=AJD% `GR% DH@AE;AG@MD>N% @?% @A%L>@DG?% ?G\>GLE=@AR% ;?G% `=>>=AJ% E@% D;N% @A% ;% H;?E=LM>;?% <;EEG?_% .E% =D% =A%L@ACG?D;E=@A%;AP%P=;>@JMG%EI;E%`G%PGL=PG%`I;E%EIG%QGDE%PGDL?=HE=@A%=DR%@?% J;=A% ;% PGGHG?% MAPG?DE;AP=AJ% @\% `I;E% EIG% MDG% @\% ;% DHGL=\=L% `@?P%`@M>P%=AC@>CG_%.A%EI;E%>=JIER%;EEG<HE=AJ%E@%DGEE>G%BMGDE=@AD%@\%<G;A=AJ%L;A%@\EGA%QG%DGGA%;D%;%`;N%@\%E?N=AJ%@ME%P=\\G?GAE%=PG;D%=A%?G>;E=@A%E@%H;?E=LM>;?% D=EM;E=@ADR% ?G\>GLE=AJ% @A% `I;E% `@M>P% QG% ;A% ;HH?@H?=;EG%PGDL?=HE=@A%;AP%`I;E%@AG%`@M>P%`;AE%E@%D;N_%!I;E%.%`;AE%E@%DMJJGDER%I@`GCG?R% =D% EI;E% EIGDG% P=DLMDD=@AD% @\% <G;A=AJ% I;CG% ;% <@?;>%P=<GAD=@A_% .% G;?>=G?% D;=P% EI;E% \@?% MD% E@% QG% I;C=AJ% `I;E% =D% L;>>GP% ;%L@ACG?D;E=@AR%`G%I;CG%E@%?GDH@AP%E@%EIG%PG<;APD%@\%EIG%L@ACG?D;E=@A_%.A% @EIG?%`@?PDR% `G% AGGP% E@% MAPG?DE;AP%`I;E%`G% P@% =A% EIG% >=JIE% @\%`I;E%=E%<G;AD%E@%QG%I;C=AJ%;%L@ACG?D;E=@A_%.%AGGP%E@%?GDH@AP%E@%N@M%;D%D@<G@AG%`I@%=D%E?N=AJ%E@%EG>>%<G%D@<GEI=AJR%;AP%`I@%=D%;>D@%>=DEGA=AJ%E@%<G%;D%D@<G@AG%`I@%<;N%GBM;>>N%I;CG%D@<GEI=AJ%E@%D;N_%$I=DR%`G%L@M>P% D;NR% =D% A@E% @A>N% ;A% ;DHGLE% @\% I;C=AJ% ;% L@ACG?D;E=@A% QME% @\%DHG;S=AJR%;AP%>;AJM;JGR%;D%;%`I@>G_%%

.A%EIG%E=E>G%@\%EIG%LI;HEG?%EI;E%.%BM@EGP%G;?>=G?R%/E;A>GN%:;CG>>%H@DGD%EIG% BMGDE=@AR% V<MDE% `G% <G;A% `I;E% `G% D;NZX% "G% ;?JMGD% =A% EIG%;\\=?<;E=CGR%;AP%.%`@M>P%;J?GG%`=EI%I=<_%.\%.%`;AE%E@%D;N%;ANEI=AJR%=E%=D%\MAP;<GAE;>% EI;E%<N%`@?PD% >;ELI% @A% E@% EIG% D=JA=\=L;ALG% HG@H>G% ;AP%EI=AJD%I;CG%=A%<N%>=\G%;D%`G>>%;D%E@%EIG%>=CGD%@\%EI@DG%.%;<%E;>S=AJ%E@_%.\%<N%`@?PD%`G?G%A@E%?@@EGP% =A%<N% >=\GR%`I=LI%;E% EIG%D;<G%E=<G%=D%@M?%>=\GR% =\% .% P=P% A@E% DE;AP% QGI=AP% `I;E% .% D;NR% ;AP% L@AD=PG?GP% EIG%=<H>=L;E=@AD% @\%`I;E% .%`;AE% E@% D;NR% .%`@M>P% @A>N% QG%<;S=AJ%A@=DGD_%$I=D% =D%;%L@AP=E=@A% \@?%<;S=AJ%DGADGR% \@?%D;N=AJ%;ANEI=AJ% =A% EIG% \=?DE%H>;LG_% lGL@JA=e=AJ% `I;E% =E% ;E% DE;SG% =A% PGL=P=AJ% `IGEIG?% E@% L;>>% ;%?G>;E=@ADI=HR%D;NR%>@C=AJ%@?%;QMD=CGR%EIGAR%=D%?GL@JA=e=AJ%EIG%P=\\G?GAE%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%EGAA=DR% =E% =D% I;?P% E@% DGG% EIG% DGL@AP% ;D% GgH?GDD=CG% @\% ;%'#(,8!MAPG?DE;AP=AJR% =\% A@E% ;%L@??MHE%@AG_%%

>, & ! %,# ! ( * & ! #$ & ? !

!

D D @ !

;EE=EMPGD% E@% ;A@EIG?% EI;E% `=>>% QG% GgH?GDDGP% =A% <N% LI@@D=AJ% @AG%PGDL?=HE=@A%@CG?% ;A@EIG?_%$IG?G% =D% ;%J?G;E%P=\\G?GALG%QGE`GGA%`I;E% .%<=JIE%L@AE=AMG%E@%D;N%;Q@ME%D@<G@AG%`I@%.%EI=AS%\;=>D%=A%IG?%>@CG%QME%DE=>>%>@CGDR%@?%D@<G@AG%`I@%.%P@%A@E%DGG%;D%>@C=AJ%=A%EIG%\=?DE%H>;LG_72F%%

#D% .% D;=PR% >;AJM;JG% P@GD% A@E% L@<<=E% <G% E@% D;N=AJ% ;ANEI=AJ%DHGL=\=LR% =E% =D% A@E% Q=AP=AJ_% .A% DHG;S=AJR% I@`GCG?R% .% ;<R% <NDG>\R%L@<<=EE=AJ%<NDG>\% E@% ;% LG?E;=A%MAPG?DE;AP=AJ% @\%`I;E% =D%I;HHGA=AJ%;AP%`I;E%.%;<%P@=AJ_%.%@HGA%<NDG>\%E@%L?=E=L=D<%;D%E@%`IGEIG?%.%DE;AP%QGI=AP%<N%HG?LGHE=@A%@\%EIG%D=EM;E=@A%@?%;<%?G;>>N%P@=AJ%`I;E%.%D;N%.%;<%P@=AJ_%.A%@EIG?%`@?PDR%=\%.%;<%Q@MAP%=A%;AN%`;NR%@AG%L@M>P%D;N%.%;<%Q@MAP%QN%;%PG<;AP% \@?% D=ALG?=EN_%*M?% >;AJM;JG% =D% GgH?GDD=CG%@\%EIG%P=\\G?GAE%S=APD%@\%Q@APD%@?% L@<<=E<GAED%`G%I;CG% E@% G;LI%@EIG?%;AP%E@%EIG%>=\G%EI;E%`G%DI;?G_%/HG;S=AJ%=D%;%L@<<=E<GAE%E@%EI=D%DI;?GP%>=\G_%.%;<%?GDH@AD=Q>G%Q@EI%\@?%<;S=AJ%DGADG%=A%=E%;AP%<;S=AJ%DGADG%@\%=E_%%

#J;=ADE% EIG% >;?JG>N%HDNLI@>@J=L;>%H=LEM?G%@\%QG=AJ%Q@MAP%E@JGEIG?%=A%>@CG%@?%QN%LM>EM?GR%I=DE@?N%;AP%>;AJM;JGR%EI;E%/@>@<@A%@\\G?GP%MDR%`G%<;NR%EIG?G\@?GR%D;N%EI;E%;%<@?;>%PG<;AP%\@?%MA=ENR%=A%EIG%DGADG%@\%D=ALG?=ENR%=D%\MAP;<GAE;>%Q@EI%\@?%>;AJM;JG%;AP%>@CG_%)G=AJ%@AG%`=EI%@AGDG>\%=A%@AGiD%`@?PD%=D%;%H?GDMHH@D=E=@A%\@?%QG=AJ%@AG%`=EI%;A@EIG?R%;D%=E%=D%;%H?GDMHH@D=E=@A%\@?%L@<<MA=L;E=@A_%$I=D%PG<;AP%\@?%D=ALG?=EN%;AP%MA=ENR% .% \M?EIG?%`;AE% E@%Q?=AJ%@MER%P@GD%A@E%Q=AP%MD% E@%;ANEI=AJ%DHGL=\=L_%.E%=D%LI;?;LEG?=eGP%QN%;A%#H&--&55%E@%EIG%@EIG?%HG?D@A%;AP%EIG%D=EM;E=@A%=A%I=DR%IG?%@?%=ED%H;?E=LM>;?=EN_%l;EIG?%EI;A%?GDE?=LE=AJ%@M?%>=\GR%>@CG%;AP%>;AJM;JG%L@M>P%QG%D;=P%E@%&-,?8&%MD%E@% >=CG%;%LG?E;=A%S=AP%@\%>=\G_727%%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%72F%:\_%!=EEJGADEG=A0%%V!G%I;CG%EIG%`@?P%V>@CGX%;AP%A@`%`G%J=CG%EI=D%E=E>G%E@%EIG%<@DE%=<H@?E;AE%EI=AJ_%a#D%`G%L@A\G?%EIG%E=E>G%VOI=>@D@HINX%@A%;%H;?E=LM>;?%=AEG>>GLEM;>%;LE=C=EN_bX%a713F;R%q775b_!V$IG% J?G;EGDE% I;HH=AGDD% \@?% ;% IM<;A% QG=AJ% =D% >@CG_% /MHH@DG% N@M% D;N% @\% EIG%DLI=e@HI?GA=L0% IG% P@GD% A@E% >@CGR% IG% L;AA@E% >@CGR% IG% ?G\MDGD% E@% >@CG% t% `IG?G% =D% EIG%P=\\G?GALGZ%i"G%?G\MDGD%E@zi%<G;AD0%=E%=D%=A%I=D%H@`G?_%#AP!7%#!`;AED%E@%D;N%EI;EZo%!G>>R%@\%`I;E%P@%`G%D;N%V=E% =D% =A%I=D%H@`G?XZ4%!G%D;N%=E% =A%L;DGD%`IG?G%`G%`;AE%E@%P?;`%;%P=DE=ALE=@A_%.%L;A%>=\E%$%45%`G=JIER%QME%.%`=>>%A@E%>=\E%=En%$%,$%`G=JIE%.%L;AA@E%>=\E_X%a7113R%32Gb%%727%';AJM;JGR% E@%<GAE=@A%;%\G`%EI=AJDR!"#$%&"'!('!)*!+$,"!-*#,".'$)/*#'0! )*!1*!*)+".!)+/#2'! )+$)! ."&$)"! )*! &$#2($2"0! 3*4/#20! )"&&/#2! ')*./"'0! 5$4/#2! 6.*5/'"'0! 7/#1/#2!5"$#/#2!/#!)+/#2'!)+$)!8*(&1!#*)!%"!*6"#!)*!5"!%()!7*.!&$#2($2"9!%

+ - & $ % + % : !

! !

D < G !

+ + !-#&'!6#0&!-&'+*&!,.(%!+'!3##-E!!

.A%`I;E%DGG<D%E@%QG%;%?GDH@ADG%E@%#?=DE@HI;AGDi%;LL@MAE%@\%>@CG%=A%EIG%/N<H@D=M<%Y=@E=<;%GgH?GDDGD%EIG%L>;=<%EI;E%>@CG%=D%@\%EIG%J@@P726%=A%EIG%\@>>@`=AJ%`;NR%

Vi#AP%LG?E;=A>N%EIG?G%?MAD%;%DE@?NRi%DIG%L@AE=AMGPR%xEI;E%;>>%`I@%J@% DGGS=AJ% EIG=?% @EIG?% I;>\% ;?G% =A% >@CGn% EI@MJI% QN%<N% ;LL@MAE%>@CG%=D%AG=EIG?%\@?%I;>\%A@?%\@?%`I@>GR%MA>GDD%@\%L@M?DGR%<N%PG;?%D=?R%EI=D%I;HHGAD%E@%QG%D@<GEI=AJ%J@@P_%T@?%<GA%;?G%H?GH;?GP%E@%I;CG% EIG=?% @`A% \GGE% ;AP% I;APD% LME% @\\% =\% EIGN% \GG>% EIGDG%QG>@AJ=AJD%E@%QG%I;?<\M>_%$IG%\;LE%=DR%.%DMHH@DGR%EI;E%G;LI%HG?D@A%P@GD% A@E% LIG?=DI% I=D% QG>@AJ=AJD% GgLGHE% `IG?G% ;% <;A% L;>>D% EIG%J@@P%I=D%@`A%H?@HG?EN%;AP% EIG%Q;P%;A@EIG?iDn% D=ALG%`I;E%<GA%>@CG%=D%D=<H>N%;AP%D@>G>N%EIG%J@@P_%vzw%%Vi)?=G\>N%EIGARi%D;=P%DIGR%x>@CG%>@CGD%EIG%J@@P%E@%QG%@AGiD%@`A%\@?%GCG?_X%Xi$I;E%=D%EIG%CG?N%E?MEIRi%aO>;E@%715cLR%731R%DEd&6!DEn?b%

Y=@E=<;% J@GD% @A% E@% EG>>% MD% ;% DE@?N% ;Q@ME% I@`% EIG% >@CG?% @\% `=DP@<%QGL@<GD% GPML;EGP% =A% EIG%<NDEG?=GD% @\% >@CG% QN% L>=<Q=AJ% EIG% \;<@MD%>;PPG?_%)N%\=?DE%>@L;E=AJ%EIG%J@@P%;AP%EIG%QG;ME=\M>%`I=LI%>@CG%DGGSD%=A%EIG%>@CGP%@AGiD%Q@PNR%EIG%>@CG?%<@CGD%@A%E@%\=AP%=E%=A%I=D%D@M>R%=A%EIG%=PG;D% @\% J@@PAGDD% @?% QG;MENR% ;AP% \=A;>>N% =A% EIG% DG;?LI% \@?% `=DP@<R%D=ALG% `=DP@<% =D% EIG% <@DE% QG;ME=\M>% @\% EI=AJD_% KN% =AEGAE=@A% IG?GR%I@`GCG?R%=D%A@E%E@%J=CG%;%?G;P=AJ%@\%EIG%/@L?;E=L%;LL@MAE%@\%>@CGR%QME%E@%DGG%`I;E% =E%<;N%'&,-% E@%<;SG% EIG%S=AP%@\% L>;=<%Y=@E=<;%<;SGD_%*\%L@M?DGR% \=AP=AJ% D@<G% DGADG% =A% EIG% EI=AJD% /@L?;EGD% D;ND% =A% EIG!P)'H#540'% L;AA@E% QG% DGH;?;EGP% \?@<% D;N=AJ% D@<GEI=AJ% ;Q@ME% `I;E%O>;E@% <=JIE% I;CG% <G;AER% QME% EIG% ;=<% =D% A@E% E@% @\\G?% ;% L@AD=DEGAE%?G;P=AJ% @\% I=<R% QME% E@% DGG% I@`% `G% ;?G% QGDE% E@% <;SG% DGADG% @\% EIG%H?@Q>G<D%`=EI%`I=LI%IG%`;D%DE?MJJ>=AJ_%

O?GDGAE=AJ% >@CG% Q@EI% ;D% EIG%<GP=;E@?% QGE`GGA% EIG% h@@P% ;AP% EIG%)G;ME=\M>%;D% =PG;>% \@?<D%;AP%MD%IM<;A%QG=AJD%;D% =<HG?\GLE%L?G;EM?GD%;AP%;D%;%L?G;E=CG%\@?LG%Q?=AJ=AJ%EIGDG%;Q@MER%EIG%Y=@E=<=;A%;LL@MAE%@\%>@CG%;D%;%?GDH@ADG%E@R%;%PGD=?G%\@?%@?%;%HM?DM=E%@\%EIG%E?MGR%EIG%J@@P%;AP%EIG%QG;ME=\M>R%>G;CGD%MD%`=EI%BM=EG%;%P=\\G?GAE%=PG;%@\%`I;E%=E%=D%EI;E%`G%;?G% Q@MAP% E@% =A% >@CG% EI;A% EIG% ;LL@MAED% @\% >@CG% .% I;CG% H?GC=@MD>N%P=DLMDDGP_% .E% H?GDGAED% EIG%h@@P% ;AP% EIG% )G;ME=\M>% ;D% @Q^GLED% @\% >@CG%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%726%.%`=>>%P=DLMDD%EIG%`;ND%=A%`I=LI%`G%<;N%DGG%EIG%QG;ME=\M>%;D%;A%@Q^GLE%@\%>@CG%=A%EIG%\@>>@`=AJ%LI;HEG?_%

>, & ! %,# ! ( * & ! #$ & ? !

!

D < ; !

?;EIG?%EI;A%>@L;E=AJ%=ED%@Q^GLE%=A%D@<G%DHGL=\=L%BM;>=E=GD%@\%EIG%QG>@CGPR%@?%@\%EIG%?G>;E=@ADI=H%`G%QM=>P%E@JGEIG?_%%

$IG%?G>;E=@A%QGE`GGA%>@CG%;AP%EIG%J@@P%=D%;>D@%;PP?GDDGP%QN%O>;E@%=A%EIG%T0$%)H%(#_%.A%EI;E%`@?S%/@L?;EGD%;DSD%`IGEIG?%EIG%J@PD%>@CG%EIG%J@@P%QGL;MDG%=E%=D%J@@P%@?%`IGEIG?%=E%=D%J@@P%QGL;MDG%EIG%J@PD%>@CG%=E_%V.D%EI;E%`I=LI%=D%I@>N%>@CGP%QN%EIG%J@PD%QGL;MDG%=E%=D%I@>NR%@?%=D%=E%I@>N%QGL;MDG% =E% =D% >@CGP% QN% EIG% J@PDZX% aO>;E@% 715c;R% c5R% `E,b% .% `=>>% ;>D@%;EEGAP%E@%EI=D%BMGDE=@A%QN%;DS=AJ%`IGEIG?%EIG%J@@PAGDD%@\%D@<GEI=AJ%=D%PGHGAPGAE%@?% =APGHGAPGAE%@\%MD%@?%@\%@M?% >@CGR% =\%A@E%@\% EIG%J@PD_%$I=D%=D%A@E%E@%QG%DGGA%;D%;A%=ABM=?N%=AE@%`IN%EIG%J@@P%=D%J@@PR%QME%;D%;A%;EEG<HE%E@%Q?=AJ%@ME%E`@%DGADGD%@\%DHG;S=AJ%;Q@ME%EIG%VJ@@PX%EI;E%<;N%D@<GE=<GD%L@<G%=AE@%L@A\>=LE_%$IG%\=?DE%=D%EIG%DGADG%=A%`I=LI%@M?%L@ALGHE% @\% `I;E% =D% J@@P% =D% (&8,$43&! E@% @M?% PGD=?GD% ;AP% H?G\G?GALGDR%`IG?G;D% EIG% DGL@AP% =D% EIG% DGADG% =A%`I=LI%@M?%L@ALGHE%@\% EIG%VJ@@PX%L;A% QG% D;=P% E@% G<Q@PN% ;A% ,?5#80$&% L@ALGHE=@A% ;J;=ADE%`I=LI%`G% ;?G%^MPJGP_%%

$I=D%`;N%@\%\@?<M>;E=AJ%EIG%<;EEG?%DI@M>P%;>D@%IG>H%E@%DIGP%>=JIE%@A%`I;E%Gg;LE>N%.%\=AP%H?@Q>G<;E=L%`=EI%/@>@<@AiD%;LL@MAE%@\%DI;?GP%=PGAE=EN_%$IG%`;ND%=A%`I=LI%IG%L@ADE?MGD%VJ@@PX%?G;D@AD%\@?% >@CG% =A%EG?<D%@\%?G;D@AD%J?@`=AJ%@ME%@\%EIG%VDI;?GP%=PGAE=ENX%J=CG%E@@%<MLI%`G=JIE% E@% EIG%?G>;E=CG%DGADG%@\%DHG;S=AJ%;Q@ME%D@<GEI=AJ%;D%VJ@@PXR%AGJ>GLE=AJ%EIG%;QD@>MEG%DGADG%=A%`I=LI%`G%<;N%DHG;S%;Q@ME%=E%;AP%EIG%`;ND% =A% `I=LI% DMLI% ;% L@ALGHE=@A% <;N% I;CG% ;% ?@>G% =A% @M?%MAPG?DE;AP=AJ% @\% >@CG_% .E% ?GPMLGD% VJ@@PAGDDX% E@% `I;E% <;N% QG%PGDL?=QGP% ;D% @M?% <MEM;>% PGD=?GD% ;AP% H?G\G?GALGD_% l;=D=AJ% BMGDE=@AD%;Q@ME%EIG%D=ALG?=EN%@\%D@<G@AGiD%>@CG%@?%EIG%<G;A=AJ\M>AGDD%@\%L;>>=AJ%D@<GEI=AJ% >@CGR% I@`GCG?R% =D% =AEG?A;>>N% ?G>;EGP% E@% ?;=D=AJ% ;% BMGDE=@A%;Q@ME%EIG%J@@PAGDD%@\%EI;E%>@CG_%.E%=D%GDDGAE=;>%E@%EIG%S=AP%@\%BMGDE=@A%EI=D% =D% EI;E% =E% ;PP?GDDGD% Q@EI% L@ALGHED% =A% ;% <@?;>R% EI;E% =DR% ;QD@>MEGR%DGADG_% $IGAR% `IG?G;D% /@>@<@A% P=DLMDDGD% >@CG% ;D% =AC@>C=AJ% ;%HDNLI@>@J=L;>% E?;AD\@?<;E=@AR% .% `;AE% E@% Q?=AJ% @ME% I@`% =A% >@CG% @M?%L@ALGHE% @\% J@@PAGDD% =D% E?;AD\@?<GP% E@% J@% QGN@AP% ;% <G?G%HDNLI@>@J=L;>%PGDL?=HE=@A%@\%@M?%H?G\G?GALGD_%%

$IG%P=DE=ALE=@A%QGE`GGA%EIGDG%E`@%DGADGD%@\%EIG%J@@P%<;N%QGL@<G%L>G;?G?% EI?@MJI% ?G\>GLE=AJ% @A% EIG% \@>>@`=AJ% >=EG?;?N% Gg;<H>G_% .A% EIG%A@CG>%M(4$$&-! #-! $%&! R#.)% QN% WG;AGEEG%!=AEG?D@AR% EIG% A;<G>GDD% a;AP%JGAPG?>GDDb%A;??;E@?%\;>>D%=A%>@CG%`=EI%'@M=DG_72c%'@M=DG%=D%<;??=GP%QME%>G;CGD% IG?% IMDQ;APR% &>J=AR% `I@% =D% ;>D@% ;% L;ALG?% ?GDG;?LIG?R% \@?% EIG%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%72c%/GG%";ADGA%a6FF5b%\@?%;A@EIG?%HI=>@D@HI=L;>%?G;P=AJ%@\%EIG%A@CG>_%

+ - & $ % + % : !

! !

D < D !

A;??;E@?_% !IGA% '@M=DG% \;>>D% =>>% `=EI% L;ALG?R% I@`GCG?R% IG?% \@?<G?%IMDQ;AP%L@AC=ALGD%EIG%A;??;E@?%EI;E%IG%=D%EIG%@A>N%@AG%`I@%L;A%IG>H%;AP%IG;>%'@M=DGR%;AP%=A%PGDH;=?% EIG%A;??;E@?%PGL=PGD%E@% >G;CG%'@M=DG_%$IG% A;??;E@?iD% PGL=D=@A% =D% L>G;?>N% E;SGA% `=EI% EIG% QGDE% @\% =AEGAE=@ADR%;LE=AJ%;D%IG%@?%DIG%EI=ASD%@ME%@\%>@CGR%D;L?=\=L=AJ%I=D%@?%IG?%@`A%`;AED%\@?% EIG% D;SG% @\% '@M=DGiD% >=\G_% #AP% `I;ER% ;\EG?% ;>>R% L@M>P% QG% <@?G%=<H@?E;AE%EI;A%EI;E%'@M=DG%>=CGDZ%#\EG?%J@=AJ%;`;NR%EIG%A;??;E@?%;>D@%>G;?AD%;D%<MLI%;D%H@DD=Q>G%;Q@ME%L;ALG?%;AP%`I;E%=E%P@GD%E@%EIG%Q@PNR%=A%@?PG?%E@%>@CG%GCG?N%=ALI%@\%'@M=DG%=A%IG?%;QDGALG_%%

#E%EIG%GAP%@\%EIG%A@CG>R%I@`GCG?R%EIG%A;??;E@?%L@<GD%E@%?G;>=eG%EI;E%IG%@?%DIG%I;P%<;PG%;%<=DE;SG_%.\%IG%@?%DIG%I;P%E?M>N%>@CGP%'@M=DGR%EIG%=AD=JIE% EG>>D% EIG% A;??;E@?R% IG% @?% DIG%`@M>P% A@E% I;CG% ;Q;AP@AGP% IG?%a!=AEG?D@A%6FF7QR%732b_%$IG%PGL=D=@A%;Q@ME%`I;E%`;D%QGDE%\@?%'@M=DG%`;D%A@E%MH%E@%I=<%@?%IG?%E@%<;SG_%%

!IN%P=PAiE%.%IG;?%N@M%`IGA%N@M%E@>P%<G%N@M%`@M>PAiE%J@%Q;LS%E@%&>J=AZ%!IN%P=PAiE% .% DGG%N@M?%DG?=@MD% \;LGZ% .%P=P% EI=AS% .%`;D%P@=AJ%EIG%?=JIE%EI=AJ%;AP%.%EI@MJIE%=E%`;D%\@?%EIG%?=JIE%?G;D@AD_%vzw%!I;E%`G?G%<N%IG?@=LD%;AP%D;L?=\=LGD%?G;>>N%;Q@MEZ%j@M?%H=J4IG;PGPAGDD%@?%<N%@`AZ%vzw%

'@M=DGR%DE;?D%=A%N@M?%GNGD%<N%@`A%L@ADEG>>;E=@A_%.%`;D%\@>>@`=AJ%N@M%\;=EI\M>>N%QME%.% >@@SGP%P@`A_%j@M%E@@S%<G%@ME%QGN@AP%EIG%I@MDGR% @CG?% EIG% ?@@\DR% `;N% H;DE% L@<<@ADGADG% ;AP% J@@P%QGI;C=@M?_%,@%L@<H?@<=DG_%.%DI@M>P%I;CG%E?MDEGP%N@M%QME%.%>@DE%<N%AG?CG_%a!=AEG?D@A%6FF7QR%732b%%

.A% EIG% >=JIE% @\% EI=D% =AD=JIER% EIG% A;??;E@?iD% @QDGDD=@A%`=EI% EIG% Q@P=>N%LI;AJGD%EI;E%@LLM?%=A%L;ALG?%;>D@%;HHG;?D%;D%;%\GE=DI=D<%?;EIG?%EI;A%;D%>@CG_%

$;S=AJ%MH% EIG% DMJJGDE=@A% EI;E% VEIG%QGDE% EI=AJ% E@%P@X% =D%A@E% E@% QG%?GPMLGP%E@%P@=AJ%`I;E%G=EIG?%@\%EIG<%`@M>P%`;AE%E@%P@R%=A%EIG%DGADG%@\%QG=AJ%DH@AE;AG@MD>N%=AL>=AGP%E@%P@R%=E%=D%L>G;?%EI;E%P@=AJ%`I;E%`;D%QGDE% \@?% '@M=DG% `;D% A@E% AGLGDD;?=>N% P@=AJ% `I;EGCG?% '@M=DG% I;P%`;AEGP% EIG% A;??;E@?% E@% P@_% $IG% A;??;E@?iD% L@ALG?A% \@?% EIG% QGDE% \@?%'@M=DG%`;D%;>D@%;%`@??N%EI;E%'@M=DG%`@M>P%A@E%I;CG%LI@DGA%`I;E%`;D%QGDE% \@?% IG?_% :>G;?>N% EIG?G% ;?G% ;>D@% L=?LM<DE;ALGD% =A%`I=LI%`G%<;N%EI=AS% EI;E% P=D?GJ;?P=AJ% EIG% @EIG?iD% `=DIGD% =D% ;% >GJ=E=<;EG% <@CG_%,@AGEIG>GDDR% EI=D%P@GD%A@E%L@<<=E%MD% E@%D;N=AJ%EI;E% EIG%@A>N%`;N%@\%<;S=AJ%EIG%?=JIE%PGL=D=@A%`@M>P%I;CG%QGGA%QN%L@A\G??=AJ%`=EI%'@M=DGR%=A% @EIG?%`@?PDR% EI;E%`I;EGCG?% ;J?GG<GAE% EIGN%I;P% ?G;LIGP% E@JGEIG?%`@M>P%I;CG%QGGA% EIG% ?=JIE%PGL=D=@A% \@?% EIG<_% .A%/@>@<@AiD% ;LL@MAER%EI=D%`@M>P%D@MAP%;D%;%H@DD=Q>G%D@>ME=@A0%'@M=DG%;AP%EIG%A;??;E@?%;?G%EIG%@AGD%`I@R%;D%=E%`G?GR%PG\=AG%EIG%V?M>GDX%\@?%EIG=?%@`A%`@?>P_%%

>, & ! %,# ! ( * & ! #$ & ? !

!

D < < !

$IG% =PG;% EI;E% EIG%VJ@@PAGDDX%@\% EIG=?%PGL=D=@A% =D%Q;DGP%@A%PGD=?GD%;AP%H?G\G?GALGDR%`IGEIG?%=AP=C=PM;>%@?%<MEM;>%@AGDR%=D%EG<HE=AJR%A@E%EIG%>G;DE%QGL;MDG%P@=AJ%`I;E%=D%J@@P%\@?%D@<G@AG%=A%<;AN%L;DGD%J@GD%I;AP%=A%I;AP%`=EI%P@=AJ%`I;E%DIG%`;AED_%!IGA%=E%L@<GD%E@%BMGDE=@AD%DMLI% ;D%`I;E% N@M%`;AE% \@?% N@M?% Q=?EIP;N% @?% \@?% P=AAG?R%`IG?G% N@M%`;AE%E@%J@%\@?%EIG%I@>=P;N%@?%\@?%EIG%`GGSGAPR%=E%`@M>P%=A%<;AN%L;DGD%QG%;QDM?P%=\%.%P=P%A@E%E@%L@AD=PG?%N@M?%`=DIGD_%.APGGP%@AG%L@M>P%D;N%EI;E%@AG%D=JA=\=L;AE%;DHGLE%@\%DI;?=AJ%;%>=\G%=A%>@CG%=D%EI;ER%`I;EGCG?%.%P@R%.%;DS%N@M%`I;E%N@M%EI=AS%=A%EIG%GAP_%.E%=D%;>D@%;A%GgH?GDD=@A%@\%>@CG%EI;E% .R% =A% DMLI% L;DGDR% <;N% ?GDHGLE% N@M?% DH@AE;AG@MD% PGD=?GD% ;D% ;A%GgH?GDD=@A%@\%N@M_%%

$IG?G% =D% ;>D@% ;A% ;??;N% @\% L;DGD% =A% `I=LI% `G%<;N% PGEG?<=AG% EI;E%D@<GEI=AJ%=D%;%J@@P%PGL=D=@A%@A%EIG%Q;D=D%@\%=ED%QG=AJ%;A%GgH?GDD=@A%@\%05R% @\% `I;E% `G% E@JGEIG?% EI=AS% ;AP% \GG>% @A% ;% <;EEG?_% $IGDG% L@ALG?A%BMGDE=@AD% DMLI% ;DR% V/I@M>P% `G% QMN% EI=D% I@MDG% @?% EI;E% @AGZX% @?%V/I@M>P%`G% ?;EIG?% DHGAP% EIG%<@AGN% @A% J@=AJ% @A% ;% E?=H% ;?@MAP% EIG%`@?>PZX% $IGDG% L@AD=PG?;E=@AD% P@% A@E% L;??N% ;AN% H;?E=LM>;?%HI=>@D@HI=L;>% @?%<@?;>%`G=JIER% ;>EI@MJI% EIG% PGL=D=@AD%`G% ?G;LI% ;?G%=<<GADG>N% =<H@?E;AE% \@?% @M?% =AP=C=PM;>% ?G>;E=@ADI=HR% J=C=AJ% =E% =ED%\@?<%;AP%<G;A=AJ_% .A% EI=D% ?GDHGLER%H;?E%@\% EIG% \;=>M?G%@\%!=AEG?D@AiD%A;??;E@?%L;A%QG%DGGA%E@%QG%E;S=AJ%=E%=A%I=D%@?%IG?%@`A%I;APD%E@%PGL=PG%`I;E%`;D%QGDE%\@?%EIG%Q@EI%@\%EIG<_%%

!G%<=JIE%C=G`%EIGDG%L;DGD%@\%VJ=C=AJ%D@<G@AG%`I;E%DIG%`;AEDX%=A%EIG% >=JIE% @\% `I;E% :I;?>GD% $;N>@?% a7135b% L;>>GP% 7&,C! &3,80,$4#-5672m%\=AP=AJ% =A% EIG% VJ@@P% PGL=D=@AX% EIG% GgH?GDD=@A% @\% @M?% DH@AE;AG@MD%PGD=?GD_% .A% EIGDG% L;DGD% `G% ;>D@% DGG% =A% `I;E% `;ND% EIG% L@ALGHE% @\%VJ@@PAGDDX% =D% >=ASGP% E@% EI;E% @\% H>G;DM?G% ;AP% EIG% DGADG% =A% `I=LI%D@<GEI=AJ% V\GG>D% J@@PX% E@% MD_% .\% =E%`G?G% A@E% \@?% EI=D% DGADG% =A%`I=LI%>=SGD% ;AP% P=D>=SGDR% \GG>=AJ% >=SG% D@<GEI=AJ% @?% \GG>=AJ% J@@P% `G?G%L@AAGLEGP%`=EI%@M?%L@ALGHED%@\%Q@EI%V`;AE=AJX%;AP%VJ@@PAGDDXR%`G%`@M>P% A@E% I;CG% EIG% L@ALGHED% `G% A@`% I;CG_% $IG% J@@PAGDD% @\% ^@N%L;AA@E%QG%DGH;?;EGP%\?@<%EIG%J@@PAGDD%`G% *&&>% =A%QG=AJ%E@JGEIG?R% EIG%J@@PAGDD% =A% DI;?=AJ% N@M?% ^@NR% ;AP% ?G^@=L=AJ% =A% =E% E@@R% ^MDE% ;D% EIG%Q;PAGDD% @\% >N=AJ% E@% D@<G@AG% ;AP% PGLG=C=AJ% I=<% @?% IG?% L;AA@E% QG%DGH;?;EGP%\?@<%EIG%\;LE%EI;E%`G%*&&8%Q;P%;Q@ME%P@=AJ%=E_%$I=AS%;>D@%@\%EIG%DGADG% =A%`I=LI% .%L;A%D;N% EI;E% =E%V\GG>D%J@@PX% E@%L@A\GDD%;%`?@AJR%;DS% \@?% \@?J=CGAGDD% ;AP% QG% \@?J=CGAR% ;>EI@MJI% EI=D% \GG>=AJ% @\% QG=AJ%VL>G;ADGPXR% =A% EIG%H;?E=LM>;?% D=EM;E=@A%<;N%`G>>%QG%<=gGP%MH%`=EI% ;%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%72m%/GG%;>D@%LI;HEG?%cR%H_%775_%%

+ - & $ % + % : !

! !

D < B !

C;?=GEN%@\%\GG>=AJDR%DMLI%;D%?G<@?DGR%MHDGER%?G>MLE;ALG%E@%;P<=E%`I;E%.%I;CG%P@AGR%\G;?%@\%QG=AJ%?G^GLEGPR%;AP%D@%@A_%%

$IG% H?@Q>G<%`=EI% ?GPML=AJ% E;>S% @\% J@@PAGDD% E@% EIG% \M>\=><GAE% @\%C;?=@MD%PGD=?GDR%I@`GCG?R% L@<GD%@ME% =\%`G% L@AD=PG?% D;N=AJD% DMLI%;DR%V!I;E%N@M%`;AE% =D%A@E%;>`;ND%`I;E%N@M%AGGPX%@?% V)G% L;?G\M>%`I;E%N@M%`=DI%\@?R%N@M%<=JIE%JGE%=E_X%#J;=A%Q?=AJ=AJ%=A%`I;E%$;N>@?%a7135b%L;>>GP%5$(#-+!&3,80,$4#-5R%`G%<;N%D;N%EI;E%DMLI%GgH?GDD=@AD%?GL@JA=eG%EIG%PGGHG?% DGADG% =A%`I=LI%;DS=AJ% \@?%`I;E%`G%`;AE% =D% GgH?GDD=CG%@\%@M?%<@?;>%MAPG?DE;AP=AJ%@\%;%D=EM;E=@A%;AP%?;=DGD%BMGDE=@AD%;Q@ME%EIG%D=ALG?=EN% @\% @M?% GgH?GDD=@AD_% .%<;N% ;DS%<NDG>\% ;AP%@EIG?D%`IGEIG?% .%?G;>>N%`;AE%@?%AGGP%D@<GEI=AJR%`IGEIG?%=E%=D%J@@PR%;AP%L@<G%E@%?G;>=eG%EI;E%`I;E% .% ?G;>>N%`;AE% =D% D@<GEI=AJ% @EIG?% EI;A% EI;E% E@%`I=LI% .% ;<%DH@AE;AG@MD>N%P?;`A_%.A%<;S=AJ%DMLI%;%P=DE=ALE=@A%QGE`GGA%`I;E%*&&85%J@@P%;AP%`I;E%45%J@@PR%.%P@%A@E%L@AD=PG?%<NDG>\%EIG%^MPJG%@\%`I;E%=D%J@@P_% .E% =D% QGEEG?% E@% D;N% EI;E% .% ;<% ^MPJGP% =A% EIG% >=JIE% @\% ;% LG?E;=A%L@ALGHE=@A%@\%`I;E%=D%J@@P_725%!IG?G;D%VJ@@PAGDDX%=A%EIG%\=?DE%L;DG%=D%PGDL?=QGP%=A%HDNLI@>@J=L;>%EG?<DR%?G>;E=AJ%E@%@M?%DH@AE;AG@MD%PGD=?GD%;AP%H>G;DM?GDR%=E%GAEG?D%EIG%DGL@AP%L;DG%;D%;%<@?;>%PG<;AP_%.A%EIG%\=?DE%L;DG% <N% J=C=AJ% V.E% =D% J@@PX% ;D% ;% ?G;D@A% \@?% `;AE=AJ% @?% >=S=AJ%D@<GEI=AJ% =D% ;A% &LH(&554#-% @\%<N%`;AE=AJ% @?% >=S=AJ% =E_% .A% EIG% DGL@AP%L;DG%D@<GEI=AJiD%QG=AJ%J@@P%=D%@\\G?GP%;D%;%?G;D@A%\@?%<N%`;AE=AJ%=ER%P@=AJ%=E%@?%LIG?=DI=AJ%=E_%%

$IGDG%L@AD=PG?;E=@AD%J=CG%MD%@AG%?G;P=AJ%@\%O>;E@iD%DMJJGDE=@A%EI;E%@M?% DH@AE;AG@MD% PGD=?GD% \@?% EIG% QG;ME=\M>% ;AP% J@@P% AGGP% E@% QG%GPML;EGP_% "=D% \M?EIG?% DMJJGDE=@A% EI;E% EIGN% L;A% @A>N% QG% GPML;EGP% =A%;AP%EI?@MJI%>@CGR%;>D@%DE?=SGD%;%LI@?P_%.E%=DR%;D%=E%`G?GR%=A%>@CG%EI;E%@M?%DGADG%@\%J@@PAGDD%=D%E?;AD\@?<GP_%.E%EG;LIGD%MD%EI;E%<N%L@ALGHE=@A%@\%J@@PAGDD% =D% A@E% ?G>;E=CG% E@% <N% PGD=?GDR% QME% =AC@>CGDR% E@% Q@??@`%l;=<@AP% h;=E;iD% a6FFmb% `@?PDR% ;A% V;QD@>MEG% L@ALGHE=@AX% `I=LI% =D%=AEG?A;>>N%?G>;EGP%E@%EIG%MAL@AP=E=@A;>%D=JA=\=L;ALG%@EIG?D%I;CG%\@?%MD_%%

$IG%=AD=JIE%@\%EIG%A;??;E@?%@\%M(4$$&-!#-!$%&!R#.)%EI;E%IG%@?%DIG%I;P%P@AG%D@<GEI=AJ%`?@AJR%;D%=E%`G?GR!=D%A@E%@A>N%?GCG>;E@?N%@\%;%LG?E;=A%;QD@>MEG%L@ALGHE=@A%@\%J@@PAGDD_% .E% =D%;>D@%GgH?GDD=CG%@\% >@CG_% .E% =D% =A%EIG% >=JIE%@\%;%LG?E;=A%L@ALGHE=@A%@\% >@CGR%;AP%@\% EIG%J@@PAGDD%@\% EI;E%>@CGR% EI;E%IG?%`;>S=AJ%;`;N%DI@`D% =EDG>\% E@%QG%A@E%;A%;LE%@\%IG?@=D<%;AP% D;L?=\=LGR% QME% ;A% GgH?GDD=@A% @\% VH=J4IG;PGPAGDDXR% ;% >;LS% @\% E?MDE%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%725% &CGA% =\% .% I;CG% <;PG% MDG% @\% $;N>@?iD% P=DE=ALE=@A% QGE`GGA% P=\\G?GAE% \@?<D% @\%GC;>M;E=@A% .%`@M>P%IGD=E;EG% E@%D;N% EI;E% EI=D% >;EEG?%L;DGR% =A%`I=LI%`G%;?G% ^MPJGP%QN%;%LG?E;=A%L@ALGHE=@A%@\%`I;E%=D%J@@PR%=D%QGDE%E@%QG%MAPG?DE@@P%;D%;A%GC;>M;E=@A_%!G%>@DG%D@<GEI=AJ%@\%EIG%;QD@>MEG%LI;?;LEG?%@\%EIG%L@ALGHE%=\%`G%?GJ;?P%=E%=A%EI@DG%EG?<D_%%

>, & ! %,# ! ( * & ! #$ & ? !

!

D < I !

;AP% ;% >@DD% @\% AG?CG_% 'G;C=AJ% '@M=DG% L@ADE=EMEGP% ;% QGE?;N;>% @\% EIG%J@@PAGDD%@\%EIG=?%>@CG_%.%E;SG%=E%EI;E%DMLI%;%QGE?;N;>%@\%EIG=?%>@CG%<=JIE%;D% `G>>% I;CG% E;SGA% H>;LG% =\% EIG% E`@% I;P% ?G;LIGP% EIG% D;<G% PGL=D=@A%E@JGEIG?_%%

.A%f##.!,-.!T348e!U-!U?5#80$&!G#-@&H$4#-%l;=<@AP%h;=E;%a6FFmb%;>D@%P?;`D%@M?%;EEGAE=@A%E@%EIG%DGADG%=A%`I=LI%;A@EIG?iD%>@CG%<;N%?GCG;>%E@%MD%`I;E%=E%<G;AD%\@?%;A@EIG?%IM<;A%QG=AJ%E@%QG%D@<G@AG%`I@%L;A%QG%>@CGP_% "G%<@C=AJ>N% P=DLMDDGD% @AG% @\% EIG% =AL=PGAED% \?@<%#MDLI`=Ee%`I=LI%O?=<@%'GC=%?GL@MAED% =A%A*!"%45!A5!,!:,-!ah;=E;%6FFmR%gC=b<!.A% =ER%@AG%<;AR%:I;?>GDR%EGAPD%E@%;A@EIG?%<;AR%';S<;SG?R%`I@%=D%=>>R%;\EG?%IG%I;D%\;>>GA%@ME%@\%QGP%;AP%>=GD%J?@;A=AJ%=A%I=D%@`A%C@<=E_%%

:I;?>GD% >=E% EIG% >;<H% vzw% ;AP% `G% `G?G% ;Q>G% E@% ;DLG?E;=A% EIG%J?;C=EN%@\%EIG%=AL=PGAE_%$IG%Q@NiD%QGP%;AP%EIG%\>@@?%`G?G%\=>EIN_%$IG%D<G>>%=A%EIG%D<;>>%;?G;%`;D%?;H=P>N%QGL@<=AJ%=ADMHH@?E;Q>G_%!G% I;P% QME% ;%<=A=<M<% DMHH>N% @\%`;EG?% ;AP% AG=EIG?% Q>;ASGED%A@?% DE?;`%<;EE?GDDGD% E@% DH;?G_%#AP% EIG% H@@?%`?GELIR% DM\\G?=AJ%\?@<% ENHIMDR% \@?<GP% ;% EG??=Q>G% D@M?LG% @\% =A\GLE=@AR% `I=>G% IG%L@M>P% LG?E;=A>N% A@E% QG% >G\E% ;>>% A=JIE% E@% J?@;A% ;AP% DI=CG?% =A% EIG%L@>P%=A%EIG%<=PP>G%@\%EIG%\=>EI_%:I;?>GD% L>=<QGP% P@`A% \?@<% I=D% QGP% ;AP% P?GDDGP% =A% D=>GALG_%

!I=>G%.%IG>P%EIG%>;<HR%IG%LME%;>>%EIG%P=?EN%H;ELIGD%\?@<%EIG%DE?;`%<;EE?GDD%;AP%EIG%Q>;ASGED%`=EI%;%SA=\G_%"G%>=\EGP%';S<;SG?%\?@<%EIG%J?@MAP%`=EI%EIG%EGAPG?AGDD%@\%;%<@EIG?R%L>G;AGP%I=<%;D%QGDE%;D% H@DD=Q>G%`=EI% DE?;`% E;SGA% \?@<% EIG%<;EE?GDD% ;AP% >=\EGP% I=<%=AE@% EIG% ?G<;PG% QGP% =A% EIG% @A>N% H@D=E=@A% =A% `I=LI% EIG%MA\@?EMA;EG% \G>>@`%L@M>P%>=G_%"G%DL?;HGP% EIG% \>@@?%`=EI%;% DL?;H%@\% E=A% H>;EGR% P=>MEGP% ;% >=EE>G% LI>@?;<=AG% ;AP% \=A;>>N% DH?G;P%P=D=A\GLE;AE%@CG?%GCG?NEI=AJR%=AL>MP=AJ%I=<DG>\_%a'GC=%6FFFR%6FFb%%

$IG% H@=AE% `=EI% `I=LI% .% `;AE% E@% H?@LGGPR% EI;E% =DR% EI;E% ;% LG?E;=A%L@ALGHE=@A% @\% J@@PAGDD% =D% =AEG?A;>% E@% >@CG% =D% D=<=>;?% E@% &>=e;QGEI%#ADL@<QGiD% a7121b% P=DLMDD=@A% @\% L@AP=E=@AD% @\% PGD=?;Q=>=EN% =A% IG?%P=DLMDD=@A% @\% a=AEGAE=@AD% ;APb% EIG%`=>>_% $IG?G% DIG% PGCG>@HD% EIG% =PG;%EI;E% EIG?G% =D% ;A% =AEG?A;>% ?G>;E=@A% QGE`GGA%`I;E% .% PGD=?G% ;AP%`I;E% .%?GJ;?P%;D%PGD=?;Q>G%a#ADL@<QG%7121R%28b_%$IG%D;<G%EI=AJ%L;A%QG%D;=P%;Q@ME% EIG% ?G>;E=@A% QGE`GGA% PGD=?=AJ% D@<GEI=AJ% ;AP% ?GJ;?P=AJ% =E% ;D%J@@P_% $@%PGD=?G% D@<GEI=AJR% ;D% =A% >@C=AJR% =D% E@% C=G`% =E% =A% EIG% >=JIE% @\%J@@PAGDD_% $I=D% =D% A@E%<G;AE% ;D% ;% L@<<=E<GAE% E@% EIG% \M?EIG?% L>;=<D%EI;E%`G%;?G%@Q>=JGP%E@%?G;LE%E@%J@@PAGDD%`=EI%>@CGR%A@?%EI;E%`I;E%`G%>@CG%=D%;>`;ND%J@@P_%$IG%BMGDE=@A%=D%@A>N%`I;E%@M?%@EIG?%<G;A=AJ\M>%?G;LE=@AD%E@%J@@PAGDD%L;A%QG%D;=P%<G;A%=A%EIG%>=JIE%@\%>@CG_%%

:@AD=PG?=AJ% EIG% \;EG% @\% /@L?;EGDR% O>;E@% DGG<GP% E@% I;CG% QGGA%H;=A\M>>N%;`;?G%@\%EIG%\;LE%EI;E%A@E%;>>%HG@H>G%?G;LE%E@`;?PD%EIG%J@@P%

+ - & $ % + % : !

! !

D < C !

=A%;% >@C=AJ%`;N_%$I=D%?GL@JA=E=@AR%I@`GCG?R%DGG<GP%E@%I;CG%HMee>GP%I=<% E@% ;% J?G;E% PGJ?GG_% $IG% \;=>M?G% E@% ?G;LE% E@% J@@PAGDD%`=EI% >@CG% =D%DE?=S=AJ>N%PGDL?=QGP% =A% EIG%H@?E?;N;>% @\%#>L=Q=;PGD% =A% EIG%P)'H#540'_%)M?DE=AJ% =A% ;E% EIG%GAP%@\% EIG% VP?=AS=AJ%H;?ENXR% EI=D% DL@?AGP% >@CG?%@\%/@L?;EGD728%PG>=CG?D%I=D%H;DD=@A;EG%C=G`%@\% EIG% DE;EG%@\% >@CGR%`I=LI% =A%EIGDG%DGEE=AJD%=D%?GCG;>GP%E@%QG%EIG%>@CG%@\%`=DP@<%HG?D@A=\=GP%=A%EIG%HI=>@D@HIG?_%"G%PGL>;?GD%I=D%=AEGAE=@A%E@%EG>>%EIG%E?MEI%;Q@ME%/@L?;EGDR%;%L>;=<%EI;E%,MDDQ;M<%a7138R%LI;HEG?%8R%7854711b%<;SGD%<MLI%@\%=A%;%P=DLMDD=@A% @\% EIG% /N<H@D=M<_% .A% #>L=Q=;PGDi% DHGGLI% DIG% \=APD% ;%L@<<=E<GAE%E@%EIG%=PG;%EI;E%=<;JGD%;AP%>=EG?;EM?G%I;CG%;A%=<H@?E;AE%H;?E% E@%H>;N% =A%@M?%SA@`>GPJG%@\%@EIG?%HG@H>G%D=ALG% EIGN%;?G%;Q>G% E@%L@ACGN% EIG% >@CG?iD% HG?D@A;>% SA@`>GPJG% @\% ;% MA=BMG% =AP=C=PM;>_%#LL@?P=AJ%E@%,MDDQ;M<%EI=D%SA@`>GPJG%=D%QN%AGLGDD=EN%DGADM@MD%;AP%=<H@DD=Q>G%E@%;EE;=A%QN%@EIG?%<G;AD_%.A%H;?E=LM>;?%=E%=D%A@E%H@DD=Q>G%E@%;EE;=A% =E% @A>N% EI?@MJI% =AEG>>GLEM;>% L@<<MA=L;E=@A% `=EI% EIG% \@?<D%`I=LI%=D%`I;E%DIG%DGGD%/@L?;EGD%;D%DMJJGDE=AJ_%%

$IG%GAPG;C@M?% E@% DI@`%I@`% >@CG%H;ND%;EEGAE=@A% E@% EIG%H;?E=LM>;?%=AP=C=PM;>% =A% `;ND% `I=LI% L;AA@E% \M>>N% ?GH?GDGAEGP% QN% =AEG>>GLEM;>%<GA;D% =D% H?;=DG`@?EIN_% ,GCG?EIG>GDDR% ,MDDQ;M<iD% ;LL@MAE% DM\\G?D%\?@<%IG?% ?G>=;ALG%@A%#>L=Q=;PGD% \@?%HMEE=AJ% \@?EI%IG?%@`A%@Q^GLE=@AD%;J;=ADE% EIG% /@L?;E=LsY=@E=<=;A% ;LL@MAE_% +AP@MQEGP>NR% #>L=Q=;PGDi%EM<M>EM@MD%;LL@MAE%@\%I=D%?G>;E=@ADI=H%`=EI%/@L?;EGD%J=CGD%GgH?GDD=@A%E@% EIG% S=AP% @\% QM?A=AJ%PGD=?G% EI;E% @\EGA% LI;?;LEG?=eGD% G?@E=L% >@CGR% ;D%`G>>%;D%E@%EIG%LI;@E=L%GgHG?=GALG%@\%A@E%SA@`=AJ%BM=EG%`I;E%E@%P@%`=EI%@AGiD% @`A% L@A\>=LE=AJ% \GG>=AJD_% )MER% EM?A=AJ% E@% #>L=Q=;PGD% \@?% ;A%Gg;<H>G% @\% HG?D@A;>% >@CG% ;>D@% >G;PD% IG?% E@% P@`AH>;N% EIG% `;ND% =A%`I=LI%I=D%DHGGLI%=D%A@E%@A>N%;%DHGGLI%;Q@ME%>@CGR%QME%;>D@%Q?G;EIGD%@\%?GCGAJGR% @QDGDD=@AR% H@DDGDD=CGAGDD% ;AP% PG\=;ALG_% $IG% DHGGLI% =D% ;%L@A\GDD=@A%;Q@ME% EIG%`;ND% =A%`I=LI%/@L?;EGDR% =A%I=D%HGLM>=;?%S=AP%@\%QG;MEN% ;AP% J@@PAGDDR% ;`;SGAD% DI;<G% =A%#>L=Q=;PGDR% QN% EG>>=AJ% I=<%EI=AJD%;Q@ME%I=<DG>\% EI;E%IG%?GL@JA=eGD%;?G%E?MGR%QME%`I=LI%IG%=A%I=D%C;A=EN%L@ADE;AE>N%\;=>D%E@%>=CG%MH%E@_%/@L?;EGD%?GCG;>D%E@%I=<%D@<GEI=AJ%;Q@ME%`I;E%J@@PAGDD% =DR% QME% EI=D% =D%A@E% D@<GEI=AJ% EI;E%#>L=Q=;PGD% =D%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%728%,MDDQ;M<%a7138b%H@=AED%@ME% EIG%L@A\MD=@A% =A%DGgM;>% ?@>GD%EI;E% E;SGD%H>;LG% =A% EI;E%#>L=Q=;PGDR% GAEG?=AJ% EIG% ?G>;E=@ADI=H%`=EI% /@L?;EGD% ;D% ;%H;DD=CG% @Q^GLE% @\%PGD=?GR% EIG%QG>@CGP%Q@NR%E;SGD%EIG%?@>G%@\%EIG%;LE=CG%>@CG?R%`IG?G;D%/@L?;EGD%DGG<D%E@%<@CG%\?@<%>@CG?%E@%QG>@CGP%a733b_%%

>, & ! %,# ! ( * & ! #$ & ? !

!

D < = !

`=>>=AJ% E@% ;LLGHE_% :G>GQ?;E=AJ% I=D% \?GGP@<R% J@@PAGDD% E@% I=<% =D%D@<GEI=AJ%>=<=E=AJR%;%Q@AP%\?@<%`I=LI%IG%`=DIGD%E@%?G>G;DG%I=<DG>\_722%

$IG% `;N% =A% `I=LI% ,MDDQ;M<% MAH?@Q>G<;E=L;>>N% E;SGD% EIG% E?MEI%#>L=Q=;PGD%L@AEGAPD%E@%EG>>%;D%EIG%E?MEI%;Q@ME%HG?D@A;>%>@CGR%EIG?G\@?GR%AGJ>GLED%EI;E%`I;E%IG%D;ND%L;AA@E%QG%MAPG?DE@@P%=APGHGAPGAE>N%@\%I=D%GgH>=L=E%H>GPJG%E@%?GCG;>%@?%GgH@DG%`I@%/@L?;EGD%=D_%"=D%MAPG?DE;AP=AJ%@\%/@L?;EGD%=D%;A%GgH?GDD=@A%@\%EIG%>@CG%IG%I;D%E@%J=CGR%@?%QGEEG?%NGE%@\%I=D% \;=>M?G% E@% >@CG_% "=D% =A;Q=>=EN% E@% DGG% ;AP% ;LLGHE% EIG% J@@PAGDD% @\%/@L?;EGD%;D%J@@PR%?GCG;>D%D@<GEI=AJ%;Q@ME%I=D%@`A%=A;Q=>=EN%E@%>@CG_%%

$I=D% =D% @AG% `;N% =A% `I=LI% `G% <;N% MAPG?DE;AP% EIG% HG?D@A;>%LI;?;LEG?% @\% >@CG_% $I;E% =DR% ;>EI@MJI% EIG% GgHG?=GALG% ;AP% G<@E=@AD% @\%\;>>=AJ%=A%>@CG%<;N%L@<G%E@%MD%;>>R%`I;E%`G%<;SG%@\%EIG<R%`I;E%EIGN%Q?=AJ%@ME%=A%MD%`=>>%PGHGAP%@A%`I@%`G%;?G%@M?DG>CGD_%*M?%@`A%;Q=>=EN%@?% =A;Q=>=EN% E@% @HGA% MH% E@% >@CGR% @M?% =ADGLM?=E=GD% ;AP% \;=>M?GDR% ;\\GLE%`I;E%`G%L@<G%E@%DGG%;D%LI;?;LEG?=DE=L%@\%>@CG%;AP%;D%H@DD=Q=>=E=GD%=A%=E_%!IG?G%EIG?G%=D%E?MDE%;AP%\;=EI%=A%@AG%?G>;E=@ADI=HR%H@DDGDD=CGAGDD%;AP%^G;>@MDN% ?M>G% =A% ;A@EIG?_% $I=D% @\% L@M?DGR% ;>D@% <;SGD% =E% P=\\=LM>E% E@%P=DE=AJM=DI%`I;E%=D%E?M>N%;%HI=>@D@HI=L;>%?G<;?S%;Q@ME%>@CG%\?@<%`I;E%=D%;A%GgH?GDD=@A%@\%@AGiD%@`A%P=\\=LM>E=GD%=A%>@CG_%%

$IG% Gg;<H>G% @\%#>L=Q=;PGD% ;>D@% DI@`D% EIG%<;AAG?% =A%`I=LI% >@CG%<;N%?GCG;>%E@%MD%EI;E%D@<GEI=AJ%@EIG?%EI;A%`I;E%`G%PGD=?G%=D%J@@P_%.A%EIG%>=JIE%@\%/@L?;EGD%;AP%EIG%S=AP%@\%>=\G%IG%G<Q@P=GDR%EIG%;DH=?;E=@AD%@\%#>L=Q=;PGD%DI@`%EIG<DG>CGD%;D%C;A=ENR%;D%;%IMAJG?%\@?%H@`G?R%;AP%D@%@A_%+AE=>%I=D%<GGE=AJ%`=EI%/@L?;EGDR%IG%I;P%DMLLGGPGP%=A%>=C=AJ%I=D%>=\G% MAPG?% EIG% H?GEGgE% EI;E% EIGDG% `G?G% A@Q>G% =AEGAE=@AD% QME% EIG%L@A\?@AE;E=@A% `=EI% EIG% HI=>@D@HIG?% Q?=AJD% @ME% EIG=?% E?MG% <G;A=AJ_%/@L?;EGD%L@A\?@AED%#>L=Q=;PGD%`=EI%EIG%BMGDE=@A%;Q@ME%`I@%IG%=D%;AP%`;AED% E@% QG_% $I=D% =D% QN% A@%<G;AD% ;% >GDD% HG?D@A;>% BMGDE=@A% EI;A% I=D%H?GC=@MD%L@AD=PG?;E=@AD%@\%`I;E%S=AP%@\%HG?D@A%IG%`;D%=A%EIG%GNGD%@\%@EIG?D_% .A% \;LE% =E% =D% <@?G% D@R% QME% EIG% <@?;>% DGADG% =A% `I=LI% IG% =D%HG?D@A;>>N% =AC@>CGP% =A% =E% P=\\G?D% GA@?<@MD>N% \?@<% EIG% \=?DE% L;DG_% .E%PG<;APD% @\% I=<% E@% E;SG% I=<DG>\% DG?=@MD>NR% A@E% ^MDE% \@>>@`=AJ% MH% @A%;AN% `I=<% QME% L;?G\M>>N% ;EEGAP=AJ% E@% EIG% BMGDE=@A% @\% `I;E% IG% E?M>N%`;AEDR%;AP%=A%`I;E%DGADG%EI;E%=D%J@@P_%

#>L=Q=;PGDi% ?G>MLE;ALG% E@% ;LLGHE% EIG% J@@PAGDD% @\% /@L?;EGDR% EIGAR%L;AA@E%QG%P=DE=AJM=DIGP%\?@<%I=D%MA`=>>=AJAGDD%E@%;LLGHE%`I;E%=E%D;ND%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%722%:@<H;?G%EIG%`;N%=A%`I=LI%#>L=Q=;PGD%DHG;SD%;Q@ME%QG=AJ%Q@MAP%;AP%>=<=EGP%=A%I=D%>@CG% \@?% /@L?;EGD% `=EI% /@>@<@AiD% PGDL?=HE=@A% @\% EIG% DI;?GP% =PGAE=EN% =A% >@CG% ;D% ;%HDNLI@>@J=L;>% Q@AP% ;D% `G>>% ;D% @\% MD% QG=AJ% Q@MAP% QN% @?% I=DE@?=L;>R% G<@E=@A;>% ;AP%L@ALGHEM;>%L@AEGgED_%%

+ - & $ % + % : !

! !

D < H !

;Q@ME% I=D% @`A% >;LS% @\% =E_% .A% EI;ER% I=D% >@CG% \@?% /@L?;EGD% L@M>P% ;>D@% QG%PGDL?=QGP% ;D% I;EG_% #% S=AP% @\% I;EG% D=<=>;?% E@% EIG% @AG% !=EEJGADEG=A%a7113b%P?;`D%@M?%;EEGAE=@A%E@%`IGA%IG%?G<;?SDR%V.E%<=JIE%;>D@%QG%D;=P0%I;EG% QGE`GGA% IM<;A% QG=AJD% L@<GD% \?@<% @M?% LMEE=AJ% @M?DG>CGD% @\\%\?@<%G;LI%@EIG?_%)GL;MDG%`G%P@AiE%`;AE%;AN@AG%G>DG%E@%DGG%=AD=PG%MDR%D=ALG%=EiD%A@E%;%H?GEEN%D=JIE%=A%EIG?GX%a56Gb_%

)?=AJ=AJ% =A% ;% EIG<G% \?@<% O>;E@iD% @EIG?% P=;>@JMGDR% `G% L@M>P% D;NR%EI;E%EIG%`;ND%=A%`I=LI%#>L=Q=;PGDi%=D%E@?A%QGE`GGA%<@E=CGD%?GCG;>D%;%P=C=D=@A% QGE`GGA% EIG% AGGPD% @\% EIG% Q@PN% @A% EIG% @AG% I;APR% ;AP% EIG%AGGPD% @\% EIG% D@M>% @A% EIG% @EIG?_% $I=D% P=DE=ALE=@A% QGE`GGA% Q@PN% ;AP%D@M>R%{>I;<%Y=><;A%a7116b%G<HI;D=eGD%=A%;%P=DLMDD=@A%@\%EIG%V%,&.#R%=D%A@E% E@% QG% DGGA% =A% ;A;>@JMG%`=EI% EIG%:;?EGD=;A%PM;>=D<%@\%<=AP% ;AP%Q@PN_%.E%=D%A@E%;%?G^GLE=@A%@\%EIG%\;LE%EI;E%`G%;?G%G<Q@P=GP%QG=AJD%A@?%GgH?GDD=CG%@\%EIG%S=AP%@\%DLGHE=L=D<%EI;E%L@<H?=DGD%:;?EGD=;A=D<_%VT@?%/@L?;EGDR% \?@<% EIG% DE;?ER% IM<;A% QG=AJD% ;?G% \>GDI% ;AP% Q>@@P% QG=AJD%=AEG?;LE=AJ%`=EI%@AG%;A@EIG?%=A%;%HMQ>=L%>=\G_%.E%=D%`=EI=A%DMLI%;%>=\G%EI;E%EIG%H@DD=Q=>=E=GD%@\%J@@P%;AP%GC=>%;?G%E@%QG%\@MAPV%aY=><;A%7116R%2mb_%T@?%O>;E@%EIG%Q@PN%?;EIG?%L@<GD%E@%?GH?GDGAE%@M?%<@?;>%`G;SAGDDGD0%%

EIG%Q@PN% =D% EIG%DG;E%@\%C;?=@MD% \@?<D%@\%H>G;DM?G%;AP%H;=A%;AP%;HHGE=EGDR% EIG% \@LMD% @\% H@`G?\M>% \G;?DR% PGD=?GD% ;AP% ;EE=EMPGD_%$IGDG%L@AE?;DE%`=EI%<;AN%@\%@M?%<@?;>%=PG;>D%;AP%I;AP=L;H%MD%=A%@M?%;DH=?;E=@AD%E@%>=CG%=A%EIG=?%>=JIE_%aY=><;A%7116R%2mb%%

*M?%PGD=?G%\@?%H>G;DM?G%<;N%`G>>%<;SG%MD%H?GDGAE%EIG%PGD=?GP%V@Q^GLEX%;D%J@@P%@?%PGD=?;Q>GR%QME%O>;E@%?GHG;EGP>N%G<HI;D=eGD%EIG%AGGP%A@E%E@%?GPMLG%EIG%J@@PAGDD%@\%EIG%D@M>%E@%EIG%H>G;DM?GD%@\%EIG%Q@PN_%!G%;?GR%IG% D;NDR% L@AE=AM;>>N% <=DL@ALG=CGP% QN% EIG% >@@SD% @\% QG;MEN% ;AP%J@@PAGDDR%QME%=\%`G%@A>N%>GE%@M?%PGD=?GD%?M>GR%E?MG%J@@PAGDD%<;N%`G>>%H;DD%MD%QN_%.A%EIG%`@?PD%@\%(;I>=>%h=Q?;AiD%V(#H%&$0%

)ME%=\% =A%N@M?%\G;?%N@M%`@M>P%DGGS%@A>N%>@CGrD%HG;LG%;AP%>@CGrD%H>G;DM?GR%$IGA%=E%=D%QGEEG?%\@?%N@M%EI;E%N@M%L@CG?%%N@M?%A;SGPAGDD%;AP%H;DD%@ME%@\%>@CGrD%EI?GDI=AJ4\>@@?R%.AE@% EIG%DG;D@A>GDD%`@?>P%`IG?G%N@M%DI;>>% >;MJIR%QME%A@E%;>>%@\%N@M?%>;MJIEG?R%;AP%`GGHR%%QME%A@E%;>>%@\%N@M?%EG;?D_%%ah=Q?;A%7113R%6F467b%

*AG% @\% EIG% EG>>=AJ% Gg;<H>GD% /@L?;EGD% J=CGD% E@% \?GG% MD% \?@<% EIG%EG<HE;E=@A% E@% ?GPMLG% BMGDE=@AD% @\% EIG% J@@PAGDD% @\% EIG% D@M>% E@% EIG%H>G;DM?GD% @\% EIG% Q@PNR% =D% EIG% L@<H;?=D@A% QGE`GGA% ?IGE@?=L% ;AP%L@@SG?N% =A% EIG% f#(+4,5_% "G% ;DSD% `I=LI% @\% EIG% E`@R% L@@SG?N% ;AP%<GP=L=AGR%=E%=D%EI;E%;EEGAPD%E@%EIG%E?MG%AGGPD%@\%EIG%Q@PNZ%"G%@HED%\@?%

>, & ! %,# ! ( * & ! #$ & ? !

!

D < @ !

EIG% >;EEG?R%L>;=<=AJ% EI;E%EIG% \@?<G?%=D%;%\@?<%@\% \>;EEG?N%`I=LI%XL;?GD%A@EI=AJ%\@?%`I;E%=D%EIG%QGDER%QME%P;AJ>GD%`I;E%=D%<@DE%H>G;D;AE%\@?%EIG%<@<GAE%;D%;%Q;=E%\@?%\@>>NR%;AP%PGLG=CGD%=E%=AE@%EI=AS=AJ%EI;E%DIG%=D%@\%EIG% I=JIGDE% C;>MG% aO>;E@% 715cQR% c724c71R% ono.b_% $IG% ;=<% @\% EIG%;?JM<GAE% =D% E@% DI@`% EI;E% HI=>@D@HIN% =D% <@?G% >=SG% <GP=L=AG% `I=>G%?IGE@?=L% =D%<@?G% >=SG%L@@SG?N_%$IG%;=<%@\%HI=>@D@HIN% =D%A@E% E@%H>G;DG%=ED% HMQ>=L% QME% E@% QGL@<G% L>G;?% ;Q@ME% EIG% E?MEI_% '@CGR% .% `=>>% ;?JMGR%L;??=GD%;%D=<=>;?%PG<;AP_%%

$IG% H@=AE% L;A% QG% Q?@MJIE% @ME% QN% L@AD=PG?=AJ% EIG% P=DE=ALE=@AD%`G%<;N%<;SG%QGE`GGA%@A%EIG%@AG%I;AP%>@C=AJ%;AP%@A%EIG%@EIG?%`=DI=AJ%E@%H>G;DG%@?%QG=AJ%H>G;DGP%`=EI% D@<G@AG_723%$I=D% =D%;%P=DE=ALE=@A% EI;E%/@>@<@AiD%PGDL?=HE=@A%@\%>@CG%;D%;%HDNLI@>@J=L;>%Q@AP%\;=>D%E@%;LL@MAE%\@?R% ;AP% .%`=>>% ;EEG<HE% E@% DI@`%I@`% EI=D% =D%;% \;=>M?G% E@% L;HEM?G%Q@EI%D@<GEI=AJ% ;Q@ME% >@CG% ;AP% D@<GEI=AJ% ;Q@ME% EIG% S=AP% @\% DI;?=AJ% @?%MA=EN%@\%;%>=\G%EI;E%=D%=AEG?A;>%E@%=E_%

.A% EIG% A@CG>%M%,$! A! Q#3&.6! /=?=% "MDECGPE% a6FFcb% H;=AED% @AG% BM=EG%GgE?G<G%H=LEM?G%@\%>@CG%EM?AGP%=AE@%;%`=DI%E@%H>G;DG_%"G?%DE@?N%LGAE?GD%;?@MAP%E`@%L@MH>GD%`I@DG%>=CGD%;AP%\;<=>=GD%QGL@<G%=AEG?E`=AGPR%EIG%A;??;E@?%'G@R%;A%;?E%L?=E=LR%;AP%I=D%`=\G%&?=L;R%;AP%EIG%;?E=DE%)=>>%;AP%I=D%VE?MG%>@CGX%-=@>GER%\@?%`I@<%)=>>%>G;CGD%I=D%\=?DE%`=\G%;AP%N@MAJ%D@AR%K;?S_% $IG% DGL@AP% H;?E% @\% EIG% Q@@S% =D% E@% ;% J?G;E% GgEGAE% ;>D@% ;% DE@?N%;Q@ME%K;?SR%`I@R%;\EG?% EIG%MAGgHGLEGP%PG;EI%@\%'G@%;AP%&?=L;iD% D@A%;AP%K;?SiD%LI=>PI@@P%\?=GAP%aEIG%764NG;?4@>Pb%K;EEIG`R%;>D@%QGL@<GD%D@<GEI=AJ%@\%;%D@A%E@%'G@%;\EG?%I=D%;AP%&?=L;iD%<;??=;JG%\;>>D%;H;?E%;D%;%L@ADGBMGALG%@\%K;EEIG`iD%PG;EI_%

";C=AJ% QGGA% `I;E% DE?MLS% GCG?N@AG% ;D% ;% LIGG?\M>% Q@NR% K;?SiD%EGGA;JG% NG;?D% ;?G% <;?SGP% QN% L@A\>=LED_% "G% QGL@<GD% =AC@>CGP% `=EI%P?MJD% ;AP% EIG% ;?E=DER% $G??N%h=>GDR%`I@% H?@H@DGD% E@% P@% ;?E% QN% S=>>=AJ%L;ED%;AP%LMEE=AJ%MH%<@PG>D%@\%IM<;A%Q@P=GD_%.A%DI@?E%IG%P@GD%A@E%>G;P%EIG% S=AP% @\% >=\G% I=D% H;?GAED% `@M>P% `=DI% \@?% I=<_% "G% =D% ?GHG;EGP>N%L;MJIE% @ME% `=EI% >=GDR% QME% \@?% GCG?N% >=GR% IG% L@<GD% MH% `=EI% ;A%GgH>;A;E=@A%@?%;A%;H@>@JN% EI;E%D@MAPD%D=ALG?G_%$=<G%;AP%;J;=A%IG% =D%\@?J=CGA_%*A>N% E@% DI@`% EI;E% ;>>% I=D%GgH>;A;E=@AD% ;AP%;H@>@J=GD%`G?G%NGE%;A@EIG?%>=G_%.A%EIG%GAPR%I=D%H;?GAEDR%;AP%\=A;>>N%'G@%;AP%-=@>GE%;\EG?%)=>>iD%PG;EIR%J=CG%MH%EIG=?%I@HGD%\@?%I=<_%$IGN%L@<G%E@%BMGDE=@A%`I;ER%@?%`I@R% =E%`;D% EI;E% EIGN% E?M>N% >@CGP_% .A%@AG%@\% EIG% \=A;>% DLGAGD%`=EI%K;?SR%IG%EG>>D%'G@%EI;E%I=D%`I@>G%>=\G%I;D%QGGA%;%H?GEGALGR%EI;E%IG%P@GD%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%723%$I=D%J@GD%E@JGEIG?%`=EI%<N%P=DE=AJM=DI=AJ%>@CG%\?@<%>=S=AJ%D@<GEI=AJ%=A%LI;HEG?%m%;AP%H;?E=;>>N%;?JM=AJ%\@?%EI=D%QN%D;N=AJ%EI;E%>@C=AJ%P@GD%A@E%D=<H>N%;<@MAE%E@%QG=AJ%H>G;DGP%`=EI%D@<GEI=AJ%a`I=LI%DGG<D%E@%QG%;A%GDDGAE=;>%;DHGLE%@\%>=S=AJ%D@<GEI=AJb_%%

+ - & $ % + % : !

! !

D B G !

A@E% EG>>% EIG% E?MEI% ;AP%<;SGD% MH% >=GD% ;AP% \;LGD% QGL;MDG% IG% P@GD% A@E%EI=AS% EIGN% `@M>P% >=SG% >=DEGA=AJ% E@% I=D% @`A% C@=LG_% V$IG?GiD% ;% C@=LG%=AD=PG%<N%IG;P_%.%IG;?%=ER%QME%A@Q@PN%G>DG%P@GD_%OG@H>G%`@M>PAiE%>=SG%=ER%D@%.%MDG%@EIG?%C@=LGD%\@?%EIG<_X%a"MDECGPE%6FFcR%c6cb%!I;E%@AG%\=?DE%E@@S%;AP%I@HGP%E@%QG%;A%GgH?GDD=@A%@\%>@CG%\@?%I=D%H;?GAED%DI@`D%=EDG>\%;D%;%H;EI@>@J=L;>%PGD=?G%E@%H>G;DG_%

$IG%Gg;<H>G%DI@`D%EIG%P=\\=LM>E=GD%=A%?G>;E=AJ%E@%D@<G@AG%`I@%;LED%`=EI%EIG%D@>G%=AEGAE=@A%E@%H>G;DG_%!G%<;N%`G>>%MAPG?DE;AP%EIG%L@ALG?A%-=@>GE% GgH?GDDGDR%`IGA% DIG% D;NDR% VEIG% ?G;>>N% EG??=Q>G% BMGDE=@A% =D% EI=D0%!I;E%`;D% =E% EI;E% .% >@CGPZX% a"MDECGPE% 6FFcR% c56b_%!;D% =E% I=<% @?% EIG%HG?\GLE%;ME@<;E@A%EI;ER%;D%DIG%A@`%DGGD%=ER%IG%I;P%;>?G;PN%QGL@<G%;D%;%LI=>PZ% !I;E% =D% D@% EG??=Q>G% ;Q@ME% EI=D% BMGDE=@AR% ;AP% D@% MAL;AAN% =A%?G;P=AJ%;Q@ME%K;?SR%=D%EI;E%%&%=D%A@`IG?G%E@%QG%DGGA%=A%I=D%;LE=@AD_%"G%=D% AGCG?% @AG% `=EI% I=D% `@?PD% @?% ;LE=@AD% QME% EIG?G% =D% ;>`;ND% D@<G%M>EG?=@?% <@E=CG% QGI=AP% EIG<_% $I=D% <;SGD% =E% P=\\=LM>E% E@% DGG% `I;E% =E%`@M>P%<G;A%\@?%I=<%E@%>@CG%;AN@AGR%;AP%;>D@%`I;E%=E%`@M>P%<G;A%\@?%-=@>GE%E@%>@CG%%4'6!D=ALG%A@EI=AJ%IG%P=P%`;D%GCG?%;%E?MG%GgH?GDD=@A%@\%I=<_%%

#D% .%D;=PR% EIG%Gg;<H>G%@\%K;?S%=D%BM=EG%GgE?G<G_% .E%P@GD%A@E%DGG<%H@DD=Q>G% E@% L;HEM?G% I=D% \;=>M?G% =A% <G?G>N% <@?;>% EG?<DR% `=EI@ME%P=DLMDD=AJ%EIG%H;EI@>@JN%@\%=E_%,@AGEIG>GDDR%EIG%D;<G%H;EEG?AD%;?G%;>D@%P=DLG?A=Q>G%=A%A@?<;>%L;DGD%@\%`=DI=AJ%E@%H>G;DG_%$I=D%DI@M>P%;>G?E%MD%E@% EIG%H?@Q>G<D% =AC@>CGP% =A% EI=AS=AJ% EI;E% H>G;D=AJ% @?%QG=AJ%H>G;DGP%`=EI%D@<G@AG%=D%;%LGAE?;>%\G;EM?G%@\%>@CG_%:@AD=PG?%EIG%\@>>@`=AJ%L;DG_%.%\=AP%N@M?%?G;LE=@A%E@%D@<GQ@PN%MA\;=?R%EI=AS=AJ%E@%<NDG>\%EI;E%N@M?%PGDL?=HE=@AD% @\%`I;E%I;D% I;HHGAGP% ;?G% Gg;JJG?;EGP% ;AP%@CG?>N% DG>\4?=JIEG@MD_%.%;<%L@AC=ALGP%EI;E%DHG;S=AJ%<N%<=AP%=D%EIG%?=JIE%EI=AJ%E@%P@R%HG?I;HD% .%GCGA% EI=AS% .%I;CG%J@@P%?G;D@AD% E@%QG%;AJ?N%`=EI%N@MR%QME%E@%SGGH%EIG%HG;LGR%.%L@AD=PG?%A@E%D;N=AJ%;ANEI=AJ%;Q@ME%=E%E@%N@M_%.%<;N%`G>>%QG%?=JIE%=A%EI=AS=AJ%EI;E%`I;E%.%I;CG%E@%D;N%=D%A@E%;ANEI=AJ%EI;E%N@M%`;AE%E@%IG;?_%T;L=AJ%@AGiD%`?@AJD%=D%@\EGA%P=\\=LM>E_%&CGA%D@R%EI=D%P@GD%A@E%<;SG%A@E%EG>>=AJ%N@M%?=JIE_%%

$I=D%=D%;%L;DG%=A%`I=LI%EIG?G% =D%;A%@QC=@MD%L@A\>=LE%QGE`GGA%P@=AJ%`I;E% =D% J@@P% ;AP% P@=AJ% `I;E% =D% H>G;D=AJ_% ,@`R% =D% =E% DGAD=Q>G% E@%DMJJGDE%EI;E%.%L@M>P%LI@@DG%A@E%E@%D;N%;ANEI=AJ%E@%N@M%;>EI@MJI%.%;<%L@AC=ALGP%EI;E%N@M%;?G%P@=AJ%D@<GEI=AJ%`?@AJ%;AP%DE=>>%QG%D;=P%E@%;LE%@ME% @\% >@CGZ% $@% QGL@<G% L>G;?% ;Q@ME% EI=DR% `G% <;NR% \=?DER% ?;=DG% EIG%BMGDE=@A%`IGEIG?%.%;<%?G;>>N%GAE=E>GP%E@%PGL=PG%`I;E%=E%=D%)#0%`;AE_%.E%=D% E?MG% EI;E%`I;E% .% D;N%<;N%QG%MAH>G;D;AE% E@% N@MR% QME% EI=D% P@GD% A@E%GgL>MPG% EI;E% =E% =D% D@<GEI=AJ% N@M%<;N% ;>D@%`;AE% E@% IG;?_% lG<G<QG?%EI;E%D@<G@AG%<=JIE%D;NR%V.%`;AE%N@M%E@%EG>>%<G%`I;E%N@M%E?M>N%EI=ASR%

>, & ! %,# ! ( * & ! #$ & ? !

!

D B ; !

GCGA%=\%N@M%;?G%;\?;=P%EI;E% =E%<;N%QG%H;=A\M>% E@%<G_X%!G%DI@M>P%;>D@%SGGH% =A%<=AP%EI;E%D;N=AJ%@?% EI=AS=AJR%V.%;<%@A>N%P@=AJ%`I;E% =D%QGDE%\@?% N@MX%<;N%`G>>% L@ADE=EMEG% ;% H;?E=LM>;?>N% A;DEN% \@?<% @\% ;QMDGR% =A%`I=LI% .% E?N% E@% HMDI% <N% `=>>% MH@A% N@M_721% WMDE% ;D% N@M?% J@@P% =D% A@E%;>`;ND%L@AAGLEGP%`=EI%N@M?%PGD=?GD%@?%H>G;DM?GDR% =E% =D%;>D@%A@E%D@>G>N%PGHGAPGAE%@A%<=AG_%&CGA%=\%.%;<%L@AC=ALGP%@\%EIG%J@@P%.%;<%P@=AJR%.%<;N% QG% ;D% L@A\MDGP% ;AP% PGLG=CGP% ;Q@ME%`I;E% =D% J@@P% \@?% N@MR% ;D% .%EI=AS%N@M%;?G_%

TM?EIG?<@?GR% QN% L@ALG;>=AJ% <N% EI@MJIED% \?@<% N@MR% .% L;A% QG%PGDL?=QGP%;D%A@E%QG=AJ%E?MG%E@%N@M_%)N%A@E%DI;?=AJ%<N%EI@MJIED%`=EI%N@MR%.%EI?G;EGA%EIG%MA=EN%@\%>@CG_%.%P@%A@E%`;AE%E@%DMJJGDE%EI;E%EIG%@A>N%;>EG?A;E=CG% E@% I=P=AJ% @AGiD% EI@MJIED% \?@<% G;LI% @EIG?% =D% DI;?=AJ%GCG?NEI=AJ_% $IG?G% <;N% `G>>% QG% EI@MJIED% ;AP% GgHG?=GALGD% EI;E% `G%AGCG?% P=DLMDD_% "@`GCG?R% EIG% \;LE% EI;E% .% =AEGAE=@A;>>N% L@ALG;>%D@<GEI=AJ%\?@<%N@M%EI;E% .%I@>P% =<H@?E;AE% =A%;AN%DGADG%@\% EIG%`@?PR%?GCG;>D% ;% P@MQ>G4<=APGPAGDD% @A% <N% H;?E_% $IG?G% =D% ;% DH>=E% QGE`GGA%`I;E% .% D;N% .% ;<%P@=AJ% a@?% EI=AS=AJR% L\_% >=GDb% ;AP%`I;E% .% ;<%;LEM;>>N%P@=AJ_% $I=D% >;LS% @\% MA=EN% =A% <N% ;LE=@ADR% =E% DI@M>P% QG% GC=PGAER% ;>D@%L@ADE=EMEGD%;%H?@Q>G<%\@?%EIG%MA=EN%@\%>@CG_%"@`%L;A%.%L;=P%E@%QG%@AG%`=EI%N@MR%=\%.%;<%A@E%@AG%`=EI%<NDG>\Z73F%

"@`GCG?R%EI=D%P@GD%A@E%<G;A%EI;E%.%DI@M>P%A@E%L;?G%;Q@ME%EIG%`;ND%=A% `I=LI% <N%`@?PD% <;N% IM?E% @?% @\\GAP% N@M_% $@% DMJJGDE% EI;E% N@M?%`G>>4QG=AJR% GCGA% =A% EIG% DGADG% =A% `I=LI% EI=AJD% ;?G% H>G;D;AE% @?%MAH>G;D;AE% E@% N@MR% DI@M>P% A@E% L@ALG?A% <GR% `@M>P% QG% ;A% ;\\?@AE% E@%>@CGR% ;AP% =E% =D% @A>N% E@%QG%GgHGLEGP% EI;E% EI=D% L@ALG?A%`=>>%H>;N%;%H;?E%Q@EI%=A%I@`%.%EG>>%N@M%;AP%`I;E%.%EG>>%N@M_%.A%@EIG?%`@?PDR%=E%L@<GD%E@%DI@`%=A%EI;E%.%P@%A@E%?8,'&%@?%@#-.&'-%N@MR%QME%E?N%E@%#H&-!)#0(!&)&5%*#(!7%,$!)#0!,(&!.#4-+%;AP%50HH#($!)#0!4-!$()4-+!$#!.#!?&$$&(_%:@<=AJ%E@%DGG%EI;E%<N% .&54(&! $#! .#! 7%,$! 45! +##.% *#(! )#0% P@GD% A@E% ;<@MAE% E@%<G?G>N!,$$&-.4-+! $#! )#0(! H8&,50(&5% =AC@>CGD% EIG% ?GL@JA=E=@A% EI;E% @A>N% QG=AJ%L@ALG?AGP%`=EI%EIG%>;EEG?%=D%A@E%?G;>>N%8#34-+!)#0_%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%721%QG>>%I@@SD%a6FFFb%=D%CG?N%L@ADL=@MD%@\%EIG%H?@Q>G<;E=L%A;EM?G%@\%DMLI%D;N=AJD%=A%@M?%?G>;E=@AD%E@%LI=>P?GA_%%73F%*A%EIG%`I@>GR%=E%DE?=SGD%<G%EI;E%<;AN%@\%@M?%;?E=LM>;EGP%@?%`@?SGP%@ME%=AEGAE=@AD%;AP%?G;D@AD%;?G%L@AAGLEGP%`=EI%@M?%P@=AJ%D@<GEI=AJ%BMGDE=@A;Q>G_%,@?<;>>N%`G%P@%A@E%`;>S%;?@MAP%`=EI%;%L>G;?%=AEGAE=@A%@\%`I;E%`G%;?G%P@=AJ%GCGA%=\%=A%<@DE%L;DGD%`G%;?G%;Q>G%E@%DHG>>%@ME%@M?%=AEGAE=@AD%;D%`G>>%;D%@M?%?G;D@AD%\@?%P@=AJ%D@<GEI=AJ%=\%`G%;?G%;DSGP_%!IGA%`G%P@%D@<GEI=AJ%EI;E%<=JIE%QG%L?=E=L=eGPR%I@`GCG?R%@M?%GgH>;A;E=@AD%;?G%@\EGA%<MLI%L>@DG?%;E%I;AP0%`G%I;CG%;%L>G;?%H=LEM?G%@\%`I;E%=E%=D%`G%P@=AJR%;AP%I@`%@EIG?D%DI@M>P%HG?LG=CG%=E_%

+ - & $ % + % : !

! !

D B D !

,@AGEIG>GDDR% =E% DI@M>P% QG% H@=AEGP% @ME% EI;E% =E% =D% Gg;LE>N% <N% L;?GR%L@AD=PG?;E=@A%;AP%>@CG%\@?%N@M%EI;E%<;N%<;SG%=E%P=\\=LM>E%\@?%<G%E@%EG>>%N@M%`I;E%.% EI=AS%=D%`?@AJ%=A%`I;E%N@M%P@_%KN%L@ALG?A%\@?%N@M%<;N%GCGA% EG<HE% <G% A@E% E@% D;N% ;ANEI=AJ_% "@`GCG?R% =\% .% `=EIP?;`% \?@<%P=\\=LM>E%L@ACG?D;E=@AD%;AP%PGL=D=@ADR%`I;E%.%;<%P@=AJ%<;N%QG%QGEEG?%PGDL?=QGP% ;D% ;% \@?<% @\% aDG>\b% =APM>JGALG_% KN% ;LE=@AD% A@% >@AJG?%L@ADE=EMEG% ;% L@ALG?A% \@?% )#0R% QME% ;% L@ALG?A% \@?% <NDG>\<% KN%`=DI% E@%H>G;DG%QGL@<GD%;%`;N%@\%Q>=AP=AJ%<NDG>\%E@%EIG%?G;>=EN%@\%N@M_%

+ + + !()'#67%&!9&*'9&"%+0&'!($-!+$-+0+-7(6!9&*'#$'!

.A%EIG%H?GC=@MD%LI;HEG?R%.%<GAE=@AGP%EI;E%;LL@MAED%@\%>@CG%EI;E%DE?GDD%EIG% MAL@AP=E=@A;>% ;DHGLED% @\% =E% <;N% QG% L?=E=L=eGP% \@?% A@E% QG=AJ%DM\\=L=GAE>N%;Q>G%E@%GAL@<H;DD%EIG%HG?D@A;>%LI;?;LEG?%@\%>@CG_%/HG;S=AJ%;Q@ME% EIG% ;QD@>MEG% LI;?;LEG?% @\% J@@PAGDD% ;AP% QG;MENR% ;AP% ;Q@ME%J@@PAGDD% ;AP%QG;MEN%;D% EIG% E?MG%@Q^GLED%@\% >@CGR%P@GD%A@E% >GDDGA% EIG%`G=JIE% @\% EI=D% L?=E=L=D<_% $IG% ?GDE% @\% EI=D% P=DLMDD=@AR% EIG?G\@?GR% =D% ;A%;EEG<HE% E@% L>;?=\N% `IN% .% P@% -#$% EI=AS% EI;E% ;A% ;LL@MAE% @\% >@CG% ;D%G<Q@PN=AJ% ;A% ;QD@>MEGR% @?% MAL@AP=E=@A;>R% HG?DHGLE=CG% @A% @M?%?G>;E=@ADI=HD%`=EI% @EIG?% HG@H>GR% @?% ;A% ;LL@MAE% @\% VJ@@PAGDDX% ;D% EIG%@Q^GLE%@\% >@CGR%GgL>MPGD% EIG%`;ND% =A%`I=LI% >@CG% =D%PGGH>N%HG?D@A;>_% .%\=?DE%D;N%D@<GEI=AJ%;Q@ME%EIG%L?=E=L=D<%EI;E%I;D%QGGA%P=?GLEGP%;E%O>;E@%;AP%EIG%`;ND%=A%`I=LI%.%EI=AS%EI=D%L?=E=L=D<%=D%^MDE=\=GP_%.%EIGA%EM?A%E@%EIG%`;ND%=A%`I=LI%.%EI=AS%<N%;LL@MAE%;C@=PD%EI=D%S=AP%@\%L?=E=L=D<_%%

$IG%L?=E=L=D<%;J;=ADE%O>;E@iD%C=G`%@\%>@CG%=D%>;?JG>N%EI;E%=E%P@GD%A@E%E;SG% @EIG?% HG?D@AD% ;D% =ED% @Q^GLER% ;AP% \M?EIG?<@?G% EI;E% =E% P@GD% A@E%;LL@MAE%\@?%EIG%\;LE%EI;E%;LEM;>%HG?D@AD%;?G%AGCG?%HG?\GLE>N%J@@P_%$I=D%=D%EIG%L?=E=L=D<%EI;E%,MDDQ;M<%`=DIGD%E@%Q?=AJ%\@?`;?P%QN%H?GDGAE=AJ%MD% `=EI% #>L=Q=;PGDi% =<HG?\GLE=@AD% ;AP% EI=D% =D% EIG% L?=E=L=D<% EI;E%h?GJ@?N%->;DE@D%a7137b%Q?=AJD%MH%;J;=ADE%I=<_%

#D%;%EIG@?N%@\%EIG%>@CG%@\%HG?D@ADR%EI=D%=D%=ED%L?Mg0%!I;E%`G%;?G%E@%>@CG% =A% HG?D@AD% =D% EIG% V=<;JGX% @\% EIG% .PG;% =A% EIG<_%!G% ;?G% E@%>@CG% EIG%HG?D@AD%D@% \;?R%;AP%@A>N% =AD@\;?R%;D% EIGN%;?G%J@@P%;AP%QG;ME=\M>_%,@`%D=ALG%;>>%E@@%\G`%IM<;A%QG=AJD%;?G%<;DEG?`@?SD%@\%GgLG>>GALGR%;AP%A@E%GCGA%EIG%QGDE%@\%EI@DG%`G%I;CG%EIG%LI;ALG%E@% >@CG% ;?G% `I@>>N% \?GG% @\% DE?G;SD% @\% EIG% MJ>NR% EIG% <G;AR% EIG%L@<<@AH>;LGR% EIG%?=P=LM>@MDR% =\%@M?% >@CG%\@?%EIG<%=D% E@%QG%@A>N%\@?% EIG=?% C=?EMG% ;AP% QG;MENR% EIG% =AP=C=PM;>R% =A% EIG% MA=BMGAGDD%;AP%=AEGJ?=EN%@\%I=D%@?%IG?%=AP=C=PM;>=EN%`=>>%AGCG?%QG%EIG%@Q^GLE%@\%@M?%>@CG_%a->;DE@D%7137R%c7b%

>, & ! %,# ! ( * & ! #$ & ? !

!

D B < !

lGJ;?P>GDD%@\%EIG%H?@Q>G<D%=A%O>;E@iD%;LL@MAER%=E%DI@M>P%QG%A@EGP%EI;E%->;DE@DiD% L@<<GAED% =A% EIG<DG>CGD% J=CG% ?=DG% E@% BMGDE=@AD_% /HG;S=AJ%;Q@ME% `I;E% `G% ;?G% E@% >@CG% HG@H>G! *#(R% IG% <@CGD% ;Q@ME% =A% EIG%H?@Q>G<;E=L%L@AEGgE%@\%?G;D@AD%\@?%>@CGR%;%L@AEGgE%`I=LI%?G<;=AD%=A%I=D%DMJJGDE=@A%EI;E%`G%DI@M>P%>@CG%HG?D@AD%`I@%;?G%V`@?EIN%@\%>@CG%\@?%EIG=?%@`A%D;SGX%a->;DE@D%7137R%c7b_%$I=D%;HHG;>%E@%V>@C=AJ%HG?D@AD%\@?%EIG=?%@`A%D;SGX%=D%L@<<@A%H>;LG%=A%HI=>@D@HI=L;>%P=DLMDD=@AD%@\%>@CGR%@\EGA% P?;`=AJ% @A% #?=DE@E>GiD% P=DLMDD=@A% @\% \?=GAPDI=H% =A% `I=LI% EIG%S=AP% @\% \?=GAPDI=H% =A%`I=LI%`G% >@CG% @M?% \?=GAPD% \@?%`I;E% EIGN% ;?GR%?;EIG?%EI;A%\@?%EIG=?%ME=>=EN%@?%EIG%H>G;DM?G%EIGN%J=CG%MD%=D%?GJ;?PGP%;D%EIG%I=JIGDE%\@?<%@\%\?=GAPDI=H_%.E%;>D@%DGG<D%E@%QG%EIG%J?G;EGDE%>GAJEI%E@%`I=LI%<;AN% HI=>@D@HIG?D%`;AE% E@% J@% E@% ;DD=JA% ;A% MAL@AP=E=@A;>%LI;?;LEG?%E@%>@CG_%%

)ME%GCGA%=\%EI=D%\@?<M>;E=@A%J@GD%D@<G%>GAJEI%E@`;?PD%D;N=AJ%EI;E%>@C=AJ%HG@H>G% =AC@>CGD% ?GL@JA=e=AJ% EI;E% EIGN%;>D@%I;CG% \;M>EDR% =E% DE=>>%L;??=GD% <MLI% @\% EIG% QM?PGA% @\% L@AP=E=@A;>% ;LL@MAED% @\% >@CG_% /;N=AJ%EI;E%`G%DI@M>P%>@CG%D@<G@AG%\@?%I=D%@?%IG?%@`A%D;SG%=D%<@PG>GP%@A%;A%MAPG?DE;AP=AJ% @\% I@`% >@CG% ;AP% \?=GAPDI=H% L;A% QG% L@AP=E=@A;>_% .E%DMJJGDED%EI;E%`G%P@%MAPG?DE;AP%`I;E%=E% =D%E@%>@CG%D@<G@AG%\@?%\;<GR%<@AGN%@?%\@?EMAGR%QME%EI;E%`G%DI@M>P%?G;>>N%>@CG%HG@H>G%*#(!EIG=?%@`A%D;SG_% "G?G% .% ;J?GG% `=EI% OGEG?% !=ALI% a7126b% EI;E% EIG% H?@Q>G<% `=EI%HMEE=AJ%EIG%G<HI;D=D%@A%P@=AJ%D@<GEI=AJ%V\@?%=ED%@`A%D;SGX%=D%EI;E%=E%<;SGD%@AGiD% ;LE=@AD% ;AP% >@CG%V$##! 84C&K!`I;E%`G%P@%V\@?% EIG% D;SG%@\%D@<GEI=AJ%G>DGX%a73cb_%TM?EIG?<@?GR%.%I;CG%G<HI;D=eGP%I@`%P=\\G?GAE%EIG%S=AP%@\%L@ALG?A%`G%<;N%I;CG%\@?%EIG%H>G;DM?G%;AP%ME=>=EN%HG@H>G%<;N% Q?=AJ% MD% =D% \?@<% EIG% L@ALG?A% `G% I;CG% \@?% @EIG?D% =A% >@CG% @?%\?=GAPDI=H_%

l@JG?%/L?ME@A%a7132b%DMJJGDED%EI;E%EIG%HI?;DG%V\@?%=ED%@`A%D;SGX%=D%V;%PGC=LG%`I=LI%DG?CGD%E@%Q>@LS%EIG%H;DD;JG%E@%HM?H@DGR%;AP%E@%\@LMD%;>>% ?G;D@A=AJ% MH@A% EIG% EI=AJ% =EDG>\X% a37b_% .R% @A% EIG% @EIG?% I;APR% I;CG%DMJJGDEGP%EI;E%D;N=AJ%V.%>@CG%N@MX%=D%-#$%E@%QG%L@AD=PG?GP%;D%;%\@?<%@\%?G;D@A=AJR% GCGA% =\% ;% `I@>G% `@?>P% @\% MAPG?DE;AP=AJ% =D% G<Q@P=GP% =A%EI@DG% EI?GG%`@?PD_%KN% D;N=AJ% V.% >@CG% N@MX% =D% ;A% ;PP?GDDR% ;%`;N% @\%EM?A=AJ% E@%N@M%`=EI%<N% >@CG_% .E% =D%;%`;N%@\%@HGA=AJ%MH% E@%`I;E% EI=D%<;N%<G;A%=A%P=\\G?GAE%L=?LM<DE;ALGD_%$IG%`@?PD%E;SG%EIG%\@?<%@\%;A%;PP?GDD_%$IGN%>@AJ%\@?%;%?GDH@ADGR%A@E%\@?%^MDE=\=L;E=@A_%$IG%PG<;AP%@\%>@CGR%;D% .%MAPG?DE;AP% =ER% =D%H?=<;?=>N%;%PG<;AP%E@% >@CG%H&#H8&R%A@E% *#(%;ANEI=AJR%;AP% =E% =D% \;?% \?@<%L>G;?%I@`%`G%DI@M>P%MAPG?DE;AP%DMLI%;%PG<;AP_%:>;?=\N=AJ%EI;E%=D%EIG%LI;>>GAJG%@\%;AN%HI=>@D@HIN%@\%>@CG_%%

!G%<;NR%I@`GCG?R%;J?GG%`=EI%->;DE@D%EI;E%`IGA%=E%L@<GD%E@%EG>>=AJ%MD%`I;E% =E%<G;AD% E@% >@CG%HG@H>GR%O>;E@%P@GD%A@E%@\\G?%<MLI%IG>H_%#E%

+ - & $ % + % : !

! !

D B B !

>G;DE% A@E% ;E% \=?DE% J>;ALG_% $IG% DE;AP;?P% ?G;P=AJ% @\% EIG% P)'H#540'!H?GDGAED% MD% `=EI% HG?D@A;>% >@CG% ;D% D@<GEI=AJ% `I=LI% `G% AGGP% E@%E?;ADLGAP_% $IG% ;=<% @\% >@CG% =D% -#$% E@% QG% \@MAP% `=EI=A% @M?% HG?D@A;>%?G>;E=@ADI=HD%`=EI%G;LI%@EIG?%QME%=A%EIG%HI=>@D@HI=L;>%?G\>GLE=@A%@\%EIG%\@?<D_% .E% J@GD% QGN@AP% EIG% DL@HG% @\% EI=D% LI;HEG?% E@% J=CG% ;% L@IG?GAE%;AD`G?%E@%`IGEIG?%EI=D%DE;AP;?P%?G;P=AJ%=D%=APGGP%;%J@@P%?GAP=E=@A%@\%O>;E@iD% ;?JM<GAEDR% QME% ;E% >G;DE% .%`;AE% E@% ?;=DG% D@<G%BMGDE=@AD% ;Q@ME%I@`% E?MG% =E% =D% E@% `I;E% O>;E@% =D% ;LEM;>>N% D;N=AJ_% T=?DER% EIG?G% =D% EIG%BMGDE=@A% `IGEIG?% `G% DI@M>P% ?G;>>N% E;SG% /@L?;EGDi% `@?PD% =A% EIG!P)'H#540'%;D%EIG%<GP=;E@?%@\%O>;E@iD%=PG;D_%!I;E%DI@M>P%`G%<;SG%@\%EIG%\;LE%EI;E%I=D%DHGGLI%=D%@A>N%@AG%=A%;%?@`%@\%H?;=DGD%@\%>@CGZ%#?G%`G%?=JIE% E@%;DDM<G% EI;E% ^MDE%QGL;MDG%/@L?;EGD% =D%MDM;>>N% EIG%L@ACGN@?%@\%O>;E@iD%EI@MJIED%IG%=D%A@`Z737%%

K@?G% =<H@?E;AE>NR% EIG?G% =D% ;% BMGDE=@A% ;Q@ME% I@`% @AG% DI@M>P%MAPG?DE;AP% O>;E@iD% L@ALGHE=@A% @\% EIG% \@?<D_% ->;DE@D% L>;=<D% EI;E% `G%L;AA@E%?G;P%EIG%P)'H#540'!L@??GLE>N%`=EI@ME%;LSA@`>GPJ=AJ%=A%`I=LI%`;ND% =E% =D% ;% L@AE=AM;E=@A% @\% I=D% EG;LI=AJD% ;Q@ME% EIG% \@?<D% a->;DE@D%7137R%71\b_%/=ALG%EIG%\@?<D%@\%J@@PAGDD%;AP%QG;MEN%L>G;?>N%H>;N%;%H;?E%=A%I@`%/@L?;EGD%`;AED%MD%E@%MAPG?DE;AP%>@CGR%`G%DI@M>P%;DS%I@`%`G%;?G% QGDE% E@% MAPG?DE;AP% EIGDG% \@?<D% ;AP% EIG=?% ?G>;E=@A% E@% >@CG_%!I;E%=<H@?E;ALG%DI@M>P%`G%J=CG%E@%EIG%=PG;%EI;E%`G%L@<G%E@%SA@`%EIG%J@@P%EI?@MJI%@M?%HG?D@A;>%?G>;E=@AD%E@%@EIG?DZ%%

.E% DE?=SGD%<G% EI;E% EIG% DE;AP;?P% ?G;P=AJ% @\EGA% ;DD=JAD% E@% O>;E@% EIG%<GE;HIND=LD%@\%;%`@?>P%@\% \@?<D_%$IG%Y=@E=<=;A% >;PPG?% =D% E;SGA%;D%;%EG<H@?;>%;LL@MAE%@\%I@`%`G%L@<G%E@%;LBM=?G%SA@`>GPJG%@\%EIG%\@?<%@\%J@@PAGDD%;D%;A%=PG;R%@?%QGEEG?%NGE%;D%;A%=PG;>%EI;E%Gg=DED%=A%;%`@?>P%QGN@AP% @M?% @`A_% .A% <N% ?G;P=AJD% @\% O>;E@R% I@`GCG?R% .% @\EGA% DGG% ;%DE?MJJ>G% E@% L@<G% E@% EG?<D%`=EI% L@ALGHED% ;AP% EIG% ?G>;E=@AD% EI;E% I@>P%QGE`GGA%EIG<_%l;EIG?%EI;A%E;S=AJ%EIG%>;PPG?%;D%EG>>=AJ%MD%D@<GEI=AJ%;Q@ME%EIG%?G>;E=@A%QGE`GGA%EIG%HG?D@A;>%;AP%EIG%=PG;>%`@?>PR%=E%L;A%QG%?G;P% ;D% EG>>=AJ% MD% D@<GEI=AJ% ;Q@ME% I@`%`G% L@<G% E@% QG% ;LBM;=AEGP%`=EI%EIG%@#-@&H$!@\%EIG%J@@P%=A%@M?%@`A%`@?>P_%

$IG?G%;?G%LG?E;=A>N%<;AN%<GE;HIND=L;>%@CG?E@AGD%=A%O>;E@%;AP%.%P@%A@E% EI=AS% EI;E%IG% =D%;Q>G% E@% L@AC=AL=AJ>N%L@MAEG?%;>>% EIG%LI;?JGD% EI;E%I;CG% QGGA% <;PG% ;J;=ADE% I=<_% T@?% @AG% EI=AJR% .% P@% A@E% EI=AS% EI;E%HG?\GLE=@AR% `I=LI% =D% @\EGA% ;EE?=QMEGP% E@% EIG% \@?<DR% =D% ;A% =AEG>>=J=Q>G%BM;>=EN% @\% ;% L@ALGHE_%!I;E%`@M>P% =E% QG% \@?% ;% L@ALGHE% E@% QG% HG?\GLEZ%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%737% /GG% G_J_% *DQ@?AG% a7118;bR% GDHGL=;>>N% LI;HEG?% mR% ;AP% ;>D@% ,MDDQ;M<% a7138b% \@?% ;%P=DLMDD=@A%@\%EI=D_%%

>, & ! %,# ! ( * & ! #$ & ? !

!

D B I !

/MLI% PGDL?=HE=@AD% G;D=>N% >G;P% MD% E@% EI=AS% @\% EIG% =PG;D% ;D% DGH;?;EG%GAE=E=GDR% ;AP% EI=D% =D% L>G;?>N% ;% <GE;HIND=L;>% =PG;_% )ME% .% L;A% ;>D@%MAPG?DE;AP% I@`% @AG% L@M>P% DE@H% ;E% VHG?\GLE=@AX% =A% ;% DG;?LI% \@?%;HH?@H?=;EG%`@?PD% E@%PGDL?=QG% a`I;E%<;N%DE?=SG%@AG%;Db% EIG%;QD@>MEG%LI;?;LEG?% @\% >@J=L% @?% J?;<<;?_% K;AN% @\% O>;E@iD% H?@Q>G<D% =A%;?E=LM>;E=AJ% EIG% ?@>G%@\%J@@PAGDD% =A% >@CG%;>D@% DEG<% \?@<%;% E@@% DE?@AJ%=PGAE=\=L;E=@A%@\%EIG%;QD@>MEG%LI;?;LEG?%@\%<@?;>=EN%`=EI%EIG%V;QD@>MEGX%LI;?;LEG?%@\%L@ALGHEM;>%?G>;E=@AD%a;D%`G>>%;D%@\%<;EIG<;E=LDb_736%%

,GCG?EIG>GDDR% .% .#% EI=AS% EI;E% ;% ?G;P=AJ% @\% EIG% P)'H#540'% `I=LI%?GJ;?PD% EIG% L@AAGLE=@AD% IG% <;SGD% QGE`GGA% J@@PAGDD% ;AP% >@CG% ;D%4-$&(-,8!?G>;E=@AD%<;N%PGGHGA%@M?%MAPG?DE;AP=AJ%@\%EIG%E`@%=A%\?M=E\M>%`;ND_% .%;>D@%EI=AS%EIG?G%=D%D@<G%EGgEM;>%GC=PGALG%\@?%EI=D_% .E%P@GD%A@E%D;N%EI;E%EIG%>@CG?%@\%`=DP@<%DI@M>P%QG%;>@AG%=A%I=D%L@AEG<H>;E=@A%@\%EIG% J@@P_%l;EIG?R% EIG% ;LE=C=EN% @\% HI=>@D@HI=e=AJ% ;D% =E% =D% H?GDGAEGP% =A%EIG%O>;E@A=L%P=;>@JMGD%=D%;>`;ND%P@AG%E@JGEIG?%`=EI%@EIG?D_%.\%`G%>@@S%;E% EIG% /@L?;E=L% P=;>@JMGD%`G%<;NR% @\% L@M?DGR% BMGDE=@A%`IGEIG?% EIGN%=APGGP%H@?E?;N%J@@P% L@ACG?D;E=@AD_%!G%<;N% \GG>% EI;E% /@L?;EGD%I;D%;%LG?E;=A% ;=<% `=EI% I=D% BMGDE=@ADR% EI;E% IG% =D% A@E% ?G;>>N% =AEG?GDEGP% =A%>G;?A=AJ%D@<GEI=AJ%AG`%\?@<%I=D%;PCG?D;?=GD%QME%EI=ASD%EI;E%EIGN%;?G%EIG%@AGD%`I@%DI@M>P%>G;?A%\?@<%I=<_%.A%EI;E%DGADG%`G%<;N%EI=AS%EI;E%EIGN% ;?G%A@E% E?M>N%P=;>@JMGD% QME%<@A@>@JMGD_%"@`GCG?R% EIG% DGEE=AJD%O>;E@% I;D% LI@DGA% \@?% H?GDGAE=AJ% I=D% =PG;D% DI@M>P% -#$% D=<H>N% QG% HME%;D=PG%;D%;A%MAAGLGDD;?N%@?A;<GAE_%KMLI%@\%`I;E%`G%<;N%>G;?A%;Q@ME%HI=>@D@HIN%=A%O>;E@%=D%H?GL=DG>N%E@%QG%\@MAP%=A%EIG%\@?<%=A%`I=LI%=E%=D%PG>=CG?GP%E@%MD_%

.E%=D%;>D@%E?MG%EI;E%O>;E@%MDGD%=<;JG?N%DMLI%;D%J;e=AJ%;E%EIG%\@?<D%@\%QG;MEN% ;AP% J@@PAGDDR% E@% H@?E?;N% EIG% >@CG% @\%`=DP@<_% $I=DR%`G%<;N%G;D=>N%H=LEM?G%;D%;%D@>=E;?N%GAEG?H?=DG_%,GCG?EIG>GDDR%?;EIG?%EI;A%E;S=AJ%EI=D% ;D% D;N=AJ% D@<GEI=AJ%;Q@ME% EIG% ;LEM;>% \@?<D% EI;E%HI=>@D@HI=e=AJ%DI@M>P%E;SGR%`G%DI@M>P%L@AD=PG?%`I;E%=E%<G;AD%E@%?G;P%EI=D%;D%;%<@?;>%?G<;?SR% =A% @EIG?% `@?PDR% ;D% ;A% ;EEG<HE% E@% LI;?;LEG?=eG% EIG% <@?;>%?G>;E=@A%`G%DI@M>P%I;CG%E@%EIG%J@@PR%;AP%`IN%A@E%E@%EIG%@Q^GLE%@\%EIG%HI=>@D@HI=L;>%=ACGDE=J;E=@A_%$I;E%=DR%.%DI@M>P%A@E%E?N%E@%L@AE?@>%=E%@?%E?N%E@%EM?A%=E%=AE@%`I;E%.%`;AE_73c%%

$IG%H=LEM?G%@\%J;e=AJ%;E%EIG%\@?<D%<;N%;>D@%>G;P%MD%E@%EI=AS%@\%EIG%SA@`>GPJG% @\% EIG% J@@P% EI;E% O>;E@% @\\G?D% MD% =A% E@@% ?;E=@A;>% EG?<DR%H?=<;?=>N% H@?E?;N=AJ% @M?% MAPG?DE;AP=AJ% ;D% ;A% =AEG>>GLEM;>% L;H;L=EN_%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%736%:\_%LI;HEG?%7F_%73c%:\_%!G=>%a7122b0%V)G;MEN%=D%;%\?M=E%`I=LI%`G%>@@S%;E%`=EI@ME%E?N=AJ%E@%DG=eG%=EX%ac21b_%

+ - & $ % + % : !

! !

D B C !

"@`GCG?R% =\% @AG% QG;?D% =A%<=AP% EI;E% O>;E@% DHG;SD% @\% HI=>@D@HIN% ;D% ;%8#3&%@\%`=DP@<R%=E%=D%L>G;?%EI;E%EIG%SA@`>GPJG%@\%EIG%J@@P%EI;E%`G%<;N%J;=A%EI?@MJI%EI=D%S=AP%@\%L@AEG<H>;E=@A%=A%;AN%L;DG%=D%BM=EG%P=\\G?GAE%\?@<%;AN%@EIG?%S=AP%@\%SA@`>GPJG%`G%<;N%I;CGR%GCGA%=\%`G%DHG;S%@\%=E%;D%;%S=AP%@\%SA@`>GPJG_73m%%

$IMDR%`G%<;N%;DS%`IGEIG?%`G%DI@M>P%?G;>>N%MAPG?DE;AP%EIG%DG;?LI%\@?%EIG%J@@P%;D%;%`;N%@\%E?;ADLGAP=AJ%@M?%HG?D@A;>%?G>;E=@ADR%@?%=\%`G%`@M>P%QG%QGEEG?%@\\%MAPG?DE;AP=AJ%=E%;D%;%$(,-5*#(',$4#-%@\%EIG<%=A%EIG%>=JIE% @\% EIG% J@@PZ% l;EIG?% EI;A% ?G;P=AJ% EIG% Y=@E=<=;A% >;PPG?% ;D% ;A%;DLGAE% =A% ;% >=EG?;>% DGADGR% `G% L@M>P% MAPG?DE;AP% =E% ;D% EG>>=AJ% MD%D@<GEI=AJ%;Q@ME%EIG%PGGHGA=AJ%@\%@M?%L@ALGHE%@\%EIG%J@@PR%L@<=AJ%E@%DGG%EIG%J@@P%;D%A@E%QG=AJ%L@AAGLEGP%G=EIG?%E@%;AN%DHGL=\=L%\G;EM?G%@\%;%HG?D@A%@?%E@%@AG%D=AJ>G%HG?D@A%QME%;D%I;C=AJ%;%<@?G%\MAP;<GAE;>%?@>G%=A%@M?%MAPG?DE;AP=AJ%@\%G;LI%@EIG?_%&CGA%D@R%.%;J?GG%EI;E%EI=D%<;N%QG%E;S=AJ%O>;E@%E@@%\;?_%%

'G;C=AJ% O>;E@% ;D=PGR% >GE% <G% EM?A% E@% `IN% .% DGG% A@% DE;?S% L@A\>=LE%QGE`GGA%C=G`=AJ%>@CG%;D%PGGH>N%HG?D@A;>%;AP%EI=AS=AJ%EI;E%=E%=AC@>CGD%;A%;QD@>MEG%HG?DHGLE=CG_% .\%`G%E;SG%EI=D% E@%<G;AR%;D%->;DE@D%DMJJGDEDR%EI;E%.%;<%E@%>@CG%EIG%Vi=<;JGi%@\%EIG%.PG;X%=A%N@MR%`G%;?G%L>G;?>N%@A%EIG%`?@AJ%E?;LS_%'@C=AJ%N@M%=D%AGCG?%>@C=AJ%;AN%=<;JG%@?%=PG;%.%<;SG%@\%N@MR% I@`GCG?% GEIG?G;>% =E% <;N% QG_735% ->;DE@DiD% L?=E=L=D<R% I@`GCG?R%DM\\G?D%\?@<%I=D%;EEG<HE%E@%E?;AD\G?%EIG%H@=AED%O>;E@%<;SGD%;Q@ME%EIG%\@?<D% a@?% EIG%L@ALGHED%;D% .% E;SG% EIG<% E@%QGb% E@%HG?D@ADR%;D% =\% =E%`G?G%H@DD=Q>G% E@%<;SG%DMLI%;% DI=\E_% .\% EIG%@Q^GLE%@\% >@CG% =D% DMHH@DGP% E@%QG%L@<H>GEG>N%HG?\GLE%;AP%GgLG>>GAE%EIGA%L>G;?>N%A@%HG?D@A%L@M>P%QG%DMLI%;A% @Q^GLE_% .% P@%A@E%`;AE% E@% L>;=<% EI;E% O>;E@iD%`?=E=AJ% =D% A@E% @HGA% E@%L?=E=L=D<%@A%EI=D%H@=AEn%`G%<;N%;DSR%\@?%=ADE;ALGR%`I;E%=E%<;N%<G;A%\@?%J@@PAGDD%E@%QG%HG?\GLE_%)ME%`IGA%.%DHG;S%@\%J@@PAGDD%;D%;A%;QD@>MEG%L@ALGHE%.%P@%A@E%<G;A%EI;E% =A%DGG=AJ%J@@PAGDD% =A%N@M%.%;<%\@?LGP%;E%EIG%D;<G%E=<G%E@%L@ALGPG%EI;E%=E%=D%D@<GEI=AJ%HG?\GLE_%,@?%P@%.%I;CG%E@%D;N% EI;E% N@M% ;?G% HG?\GLE% =A% EIG% DGADG% @\% QG=AJ% ;% V<;DEG?`@?S% @\%GgLG>>GALGX_%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%73m%";AAGD%,NSUAGA%a6FF6b%L?=E=L=eGD%h?GGS%<@?;>=EN%\@?%H?=<;?=>N%QG=AJ%;%<@?;>=EN%@\%SA@`>GPJGR% ;AP% EIG?GQN%<=D>@L;E=AJ% EIG% <@?;>% BMGDE=@A% =A% I@`%`G%<;N% C-#7% EIG%J@@P_% "G?GR% ;AN`;N% =E% DGG<D% ;D% =\% EIG% SA@`>GPJG% a@?% ?;EIG?% `=DP@<b% O>;E@% I;D% =A%<=AP%=D%A@E%D=<H>N%?;E=@A;>%SA@`>GPJGR%QME%=D%=AEGJ?;>>N%L@AAGLEGP%`=EI%>@CG_%:\_%;>D@%,MDDQ;M<iD%P=DLMDD=@AD%@\%>@CGiD%SA@`>GPJG%a,MDDQ;M<%711Fb_%%735%$I=D%P@GD%A@E%<G;A%EI;E%=PG;>=e;E=@AD%P@%A@E%\@?<%;%L@ADE;AE%EG<HE;E=@A%=A%>@CG_%.%P=DLMDD%EI=D%<@?G%=A%LI;HEG?%2_%%

>, & ! %,# ! ( * & ! #$ & ? !

!

D B = !

/HG;S=AJ% ;Q@ME% EIG% ;QD@>MEG% LI;?;LEG?% @\% VJ@@PAGDDX% @?% V>@CGX% =D%?;EIG?%;%?G<=APG?%EI;E%EIG?G%=D%;%DGADG%@\%DHG;S=AJ%;Q@ME%J@@PAGDD%;AP%>@CG% EI;E% =D% A@E% ?G>;E=CG% E@% @M?% PGD=?GD% ;AP% `=DIGD_% $IG% ;QD@>MEG%PG<;APD%EI;E%.%DGG%=A%>@CG%;?G%EIG?G%=APGHGAPGAE>N%@\%`I;E%.%LI@@DG%E@%EI=AS% ;Q@ME% EIG<_% .% L;AA@E% AGJ>GLE% EIG<R% ;AP% ?G>G;DG% <NDG>\% \?@<%?GDH@AD=Q=>=EN% @?% L?=E=L=D<% QN% PGAN=AJ% EIG=?% ;QD@>MEG% LI;?;LEG?_% )ME%GCGA%=\%>@CG%;AP%J@@PAGDD%L@A\?@AE%<G%`=EI%EIGDG%;QD@>MEG%PG<;APDR%.%P@%A@E%<G;A%EI;E% .% DI@M>P%@A>N%>@CG%N@M% =A%D@%\;?%;D%N@M%DMLLGGP% =A%>=C=AJ%MH%E@%EIGDG%PG<;APD_%,@?R%;<%.%D;N=AJ%EI;E%EIG%>@CG%.%I;CG%E@%@\\G?% =D% ;D% ;QD@>MEG% ;D% EIG%PG<;APD%`G%<;N% DGG% =A% =E_%*M?% >=CGD% ;AP%>@CGD% ;?G% \M>>% @\% \;=>M?GD% ;AP% \>;`D% =A% EIG% >=JIE% @\% EIGDG% PG<;APD_%,GCG?EIG>GDDR%EIGN%;?G%;>D@%>=CGD%@\% ^@N%;AP%I;HH=AGDDR%;AP%=E%QG>@AJD%E@%EIG%DGADG%@\%EIGDG%<@<GAED%EI;E%EIGN%<;N%\GG>%GEG?A;>_%%

KN%H@=AE%=A%DHG;S=AJ%;Q@ME%EIG%;QD@>MEG%DGADG%@\%>@CGR%EIGAR%=D%EI;E%=\%.%>@CG%.%`=>>%DGG%LG?E;=A%EI=AJD%;D%<;S=AJ%;QD@>MEG%PG<;APD%@A%<G_%$IG?G%=D%A@%LI;ALG%E@%QMPJG_%$I=D%=D%;>D@%`IG?G%.%DGG%EIG%L?ML=;>%<=g4MH% =A% O>;E@_% "G% \;=>D% E@% P=DE=AJM=DI% QGE`GGA% DGG=AJ% HG?\GLE=@A% ;AP%GgLG>>GALG%;D%;%H?@HG?EN%@\% EIG% =PG;D%@\%J@@PAGDDR%QG;MENR%;AP%D@%@AR%;AP% EIG% ;QD@>MEG% LI;?;LEG?% @\% @M?% ?G;LE=@A% E@% `I;E% =D% J@@P% ;AP%QG;ME=\M>R% GCGA% =\%`G%<;N%BMGDE=@A%`IGEIG?%O>;E@%`;D% ;`;?G%@\% EI=D%<@?;>% ;DHGLE% @\% EIG% ?G>;E=@A_% .A% @EIG?% `@?PDR% EIG% L@ALGHE% @\% VEIG%;QD@>MEGX%=D%-#$% E@%QG%GBM;EGP%`=EI%EI;E%@\%VHG?\GLE=@AX_%$IG%;QD@>MEG%=D% ?;EIG?% ;% LI;?;LEG?=DE=L% @\% EIG% ?G>;E=@AR% EIG% ;EE=EMPG% `G% I;CG% E@%D@<GEI=AJR%EI;A%;%LI;?;LEG?=DE=L%@\%EI;E%E@%`I=LI%`G%DE;AP%=A%?G>;E=@A_%%

K@?G% =<H@?E;AE>NR% EIG% J@@PAGDD% EI;E% .% DGG% =A% N@M% L;AA@E% QG%DGH;?;EGP% \?@<% DGG=AJ% )#0_%!=EEJGADEG=A%`;?AGP% MD% ;J;=ADE% >@L;E=AJ%EIG%<G;A=AJ%@\%`@?PD%=A%;ANEI=AJ%@EIG?%EI;A%@M?%MDG%@\%>;AJM;JGR%;AP%QN%EIG%D;<G%E@SGA%.%`@M>P%`;?A%;J;=ADE%EI=AS=AJ%EI;E%J@@PAGDD%Gg=DED%D@<G`IG?G%;H;?E%\?@<%@M?%>=CGD%;AP%EIG%J@@P%;AP%GC=>%`G%P@%E@%G;LI%@EIG?%`=EI=A% EIGDG_%$IG%J@@PAGDD%@\%N@M?% >@CG% =D%A@E% ;ANEI=AJ%;H;?E%\?@<%N@M?% D<=>GDR%N@M?%L;?G%;AP%L@ALG?ADR% EIG% >@@S% =A%N@M?%GNGD_%$@%H;?;HI?;DG% !=EEJGADEG=AR% =E% =D% EIG?G% ;>=CG% =A% N@M?% \G;EM?GDR% =A% N@M?%;LE=@ADR% =A%N@M?%`@?PD%aL\_%!=EEJGADEG=A%7112R%q5c2b0%QG=AJ%L@ALG?AGP%;Q@ME%N@M?%J@@PAGDD% =D%H?GL=DG>N%QG=AJ%L@ALG?AGP%;Q@ME%)#0_% .A% EI;E%DGADGR% =E% L@M>P% QG% D;=P% EI;E% EIG% ;QD@>MEG% PG<;APD% Gg=DE% @A>N% =A%H;?E=LM>;?%D=EM;E=@AD_738%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%738%$IG?G%=DR%D@%E@%DHG;SR%A@%JGAG?;>%`;N%@\%QG=AJ%E@JGEIG?%=A%H;?E=LM>;?%=ADE;ALGD_%$IG%@A>N%`;N%`G%L;A%PGEG?<=AG%`IGEIG?%D@<GEI=AJ%L;A%L@MAE%;D%QG=AJ%E@JGEIG?%@?%A@ER%=D%QN% ^MPJ=AJ%EIG%H;?E=LM>;?%@LL;D=@AD%@A%`I=LI%`G%P@%EI=AJD%E@JGEIG?_%/@<GE=<GD%.%@?%N@M%<;NR%@\%L@M?DGR%D;NR%X.E%P@GD%A@E%<;EEG?%`IGEIG?%`G%P@%EI=D%@?%EI;E%;D%>@AJ%;D%`G%

%

+ - & $ % + % : !

! !

D B H !

.A%@EIG?%`@?PDR%=E%=D%GDDGAE=;>%E@%EIG%J@@PAGDD%EI;E%=D%?GCG;>GP%E@%<G%=A%>@CG%EI;E%=E% =D%?GCG;>GP%=A%EIG%=AP=C=PM;>%<GGE=AJD%QGE`GGA%IM<;A%QG=AJD/& $IG% J@@PAGDD% .% DGG% =A% N@M% ;AP% @M?% ?G>;E=@ADI=H% L;AA@E% QG%DGH;?;EGP% \?@<% EIG% ?G<@?DG% .% <;N% \GG>% ;E% ?G;>=e=AJ% EI;E% .R% QN% <N%`@?PDR%I;CG%L;MDGP%N@M%H;=AR%@?%EIG%^@N%EI;E%=D%;`;SGAGP%=A%<G%QN%;%>@C=AJ%J>;ALGR% QN%N@M% E;S=AJ% EIG% E=<G% E@% >=DEGA%@?% ?GL@JA=e=AJ%<G% =A%<N% ;\\>=LE=@A_% $IG% DGADG% =A% `I=LI% .% <;N% GgHG?=GALG% >@CG% ;D%MAL@AP=E=@A;>%@?%;D%;%J?;LG%L;AA@E%QG%DGH;?;EGP%\?@<%N@M%`G>L@<=AJ%<G% `=EI% @HGA% ;?<D% ;>EI@MJI% .% DE;AP% =A% \?@AE% @\% N@M% ;D% ;% D=AAG?R%HG?I;HD% I;C=AJ% P@AG% D@<GEI=AJ% VMA\@?J=C;Q>GX_% $IG% >=DE% L@M>P% QG%GgEGAPGP% `=EI% =AAM<G?;Q>G% Gg;<H>GD_% *M?% MAPG?DE;AP=AJ% @\%J@@PAGDD% =D% PGHGAPGAE%@A% @M?% DGG=AJ% =E% G<Q@P=GP% =A% @M?% >=\GR% E@% EIG%GgEGAE%EI;E%D@<G@AG%`I@%I;D%@A>N%QGGA%<GE%`=EI%P=DE?MDE%;AP%QGE?;N;>%<;N% QG% MA;Q>G% E@% DGGR% D;NR% EIG% JGAG?@D=EN% ;AP% E?MDE% @\% ;A@EIG?iD%;LE=@AD_%%

.\% .% I;CG% DMLLGGPGP% =A% <;S=AJ% <NDG>\% L>G;?R% <N% ?G;D@AD% \@?%IGD=E;E=AJ%E@%DHG;S%;Q@ME%N@M%;D%EIG%@Q^GLE%@\% >@CGR%DI@M>P%J?;PM;>>N%I;CG%QGL@<G%<@?G%GC=PGAE_%:G?E;=A>N%<N%>@CG%L;A%QG%D;=P%E@%QG%,?#0$%N@M% =A% EIG% DGADG% EI;E% =E% =AC@>CGD% ;A% MAPG?DE;AP=AJ% @\%`I@% N@M% ;?G_%jGER%EIG?G%=D%;%DGADG%=A%`I=LI%=E%=D%A@E%,?#0$%N@MR%=A%EIG%D;<G%DGADG%EI;E%\G;?% =D% ;Q@ME% P;AJG?R% @?% ;AJG?% ;Q@ME% =A^MDE=LG_%KN% >@CG% =D% ?;EIG?% *#(%N@MR%@?%E@%E;SG%MH%EIG%DMJJGDE=@A%@\%;%DI;?GP%>=\G%=A%>@CGR%.%>=CG%=A%>@CG%74$%% N@M_% /HG;S=AJ% ;Q@ME% >@CG% ;D% ;% DMQ^GLE4@Q^GLE% ?G>;E=@A% \;=>D% E@%?GL@JA=eG% EI;E% >@CG% =AC@>CGD% EIG%<GGE=AJ%@\% E`@%DMQ^GLEDR% =\%@AG% \GG>D%@Q>=JGP%E@%MDG%G=EIG?%H;?E%@\%EIG%DMQ^GLE4@Q^GLE%P=DE=ALE=@A_%%

$IG?G\@?GR%=\%`G%P@%`=DI%E@%DHG;S%;Q@ME%`I;E%>@CG%=D%,?#0$R%`G%<;N%;>D@%E;SG%J@@PAGDDR%;AP%\M?EIG?<@?G%QG;MEN%;AP%E?MEIR%`I=LI%`=>>%QG%EIG%DMQ^GLED%@\% EIG%\@>>@`=AJ%LI;HEG?R%;D%@M?%Gg;<H>GD_%$IG%L@ALGHEDR%;D% .% I;CG% E?=GP% E@% DI@`R% ;?G% =AEG?A;>>N% ?G>;EGP_% '@C=AJ% D@<G@AG% =D%MAPG?DE;AP=AJ%I=<%@?%IG?%=A%EIG%>=JIE%@\%J@@PAGDDR%E?MEI%;AP%>@CG_%.E%=D%A@E%<G;A=AJ\M>%E@%DHG;S%;Q@ME%>@CG%=A%;%L;DG%=A%`I=LI%EIG%>@CG?%P@GD%A@E%?GJ;?P%EIG%>@CGP%@AG%;D%J@@P%=A%;AN%`;N_%,GCG?EIG>GDDR%`G%<;N%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%;?G%E@JGEIG?X_%$IMDR%`I;E%L@MAED%=D%A@E%EI;E%;%H;?E=LM>;?%;LE=C=EN%E;SGD%H>;LGR%QME%EI;E%`G%Q@EI%E;SG%H;?E%=A%=E_%)ME%GCGA%=\%`G%<;NR%=A%@AG%DGADGR%D;N%EI;E%`I;E%`G%P@%@?%E;>S%;Q@ME%=D%A@E%D=JA=\=L;AER%=A%;A@EIG?%DGADG%=E%DE=>>%=D_%.\%`GR%;J;=AR%EI=AS%@\%`I;E%=E%=D% E@%I;CG%;%L@ACG?D;E=@AR%@M?%QG=AJ%@AG%=A%EIG%L@ACG?D;E=@A%L@<GD%E@%DI@`%H?GL=DG>N%=A%@M?%E?N=AJ%E@%\=AP%@ME%`I;E%=E%=D%`G%;?G%P=DLMDD=AJ_%.E%=D%EI?@MJI%\@LMD=AJ%@A%`I;E%=E%=D%EI;E%`G%;?G%P@=AJ%EI;E%`G%;?G%\@LMD=AJ%@A%G;LI%@EIG?_%)N%E;S=AJ%EIG%L@ACG?D;E=@A%DG?=@MD>N%`G%;?G%;>D@%E;S=AJ%G;LI%@EIG?%DG?=@MD>N_%

>, & ! %,# ! ( * & ! #$ & ? !

!

D B @ !

;>D@%^@=A%!G=>%a7123b%=A%L?=E=L=e=AJ%O>;E@iD%>@CG%\@?%E?MEI%a;AP%J@@PAGDD%;AP%QG;MEN%\@?%EI;E%D;SGb%QN%D;N=AJ0%%

.ADEG;P%@\%E;>S=AJ%;Q@ME%>@CG%@\%E?MEIR%=E%`@M>P%QG%QGEEG?%E@%E;>S%;Q@ME% EIG% DH=?=E% @\% E?MEI% =A% >@CG_% vzw% OM?G% ;AP% JGAM=AG% >@CG%;>`;ND%PGD=?GD%;Q@CG%;>>%E@%P`G>>%`I@>>N%=A%EIG%E?MEI%`I;EGCG?%=E%<;N%QGR%MAL@AP=E=@A;>>N_%a!G=>%7123R%6m6b%%

$I=DR%.%E;SG%=ER%=D%D=<=>;?%E@%(=G?SGJ;;?PiD%a7158b%=A^MALE=@A%E@%X`=>>%EIG%J@@P%=A%E?MEI_X%.%I;CG%;>D@%`;AEGP%E@%DI@`%I@`%BMGDE=@AD%@\%J@@PAGDD%=A% <;AN% D=EM;E=@AD% GAEG?% =AE@% @M?% L@ACG?D;E=@AD% ;Q@ME% >@CG% ;D% ;%PG<;AP_%

.%I;CG%DI@`A%D@<G%`;ND%=A%`I=LI%`G%L;A%QG%D;=P%E@%QG%Q@MAP%QN%;%LG?E;=A% L@ALGHE=@A% @\% J@@PAGDD% =A% >@CG_% $I=DR% I@`GCG?R% =D% A@E% E@% D;N%EI;E%`G%;?G%;>D@%Q@MAP% E@%G;LI%@EIG?R%@?% EI;E%`G%DI@M>P%MAPG?DE;AP%EIG%Q@APD%@\%>@CG%;D%;%HDNLI@>@J=L;>%Q@AP_%.E%=D%;%?G<=APG?%@\%EIG%`;ND%=A% `I=LI% .% L@<<=E% <NDG>\% E@% N@M% EI?@MJI% <N% `@?PD% ;AP% ;LE=@ADR%`I=LI%;E%EIG%D;<G%E=<G%=AC@>CGD%;%L@<<=E<GAE%E@%@HGA%MH%E@%N@M%;D%;%HG?D@A%`I@%L;A%LI;AJGR%`I@%=D%A@E%PGEG?<=AGP%QN%H;DE%PGGPDR%;AP%D@%@A_% .E% =D% E@% SA@`% N@M% =A% EIG% DGADG% @\% QG=AJ% =A% L@AE;LE% `=EI% N@MR% E@%?G;>>N%QG%EIG?G%`=EI%N@MR%E@%<GGE%N@MR%`=EI%;A%@HGA%<=AP%;AP%IG;?E_%

:@<H;?G% EI=D% E@% Y=><;AR% `I@R% DHG;S=AJ% @\% ;% L@MH>GiD% \;=>M?G% E@%SA@`%G;LI%@EIG?R%D;NDR%%

EIG% GDE?;AJG<GAE% .% <GAE=@AGP% G;?>=G?% =D% A@E% EIG% ?GDM>E% @\% EIG%IMDQ;AP% ;AP%`=\G% A@E% QG=AJ% ;Q>G% E@% SA@`% G;LI% @EIG?n% =E% =D% EIG%>;LS%@\% SA@`>GPJG%@?% L@AE;LE% QGE`GGA% EIG<_%$IG%`;N% EIGN% ;?G%MA;Q>G%E@%<GGE%=A%EIG=?%?GDH@ADGD%=D%`I;E%`G%I;CG%=A%<=AP%`IGA%`G% D;N% EI;E% EIGN% A@% >@AJG?% SA@`% G;LI% @EIG?_% $IGN% I;CG% A@E%\@?J@EEGA%D@<GEI=AJ%G;LI%SAG`%;Q@ME% EIG%@EIG?R% EIGN%I;CG% >@DE%L@AE;LE_%aY=><;A%7132R%768b%%

!IGA%DHG;S=AJ%;Q@ME%MA=EN%=A%>@CGR%=E%=D%D@<GEI=AJ%@\%EI=D%D@?E%.%I;CG%I;P%=A%<=AP_%%

! !

!

!

=!

>%.&!2#'%!)&(7%+A76!3+*6!+$!%.&!,#*6-?;H=!

%Y4&!Q4&?&6!.4&!45$!.4&!V&(8&!3#-!+(#p&'!M&($6!.4&!',-!,'!]&(S&-!%=8$6!*q(!.4&!',-!-4@%$5!&4-$,05@%&-!74886!.4&!',-!,85!.,5!M&($3#885$&!5@%=$S$<!P4&!S&4+$!&4-&'!q?&(%,0H$!I!7&--!',-!54&!%,$!I!7,5!+(#p&(!M&($!45$<!:,-!8&(-$6!

7,5!&5!%&4p$e!.&-!M&($!&(C&--&-<!:,-!8&(-$6!7,5!&5!%&4p$e!&4-!T.&8'&$,88!3#-!,88&-!,-.&(-!,055#-.&(-<!Y4&!0-+&%&0(&!r#(84&?&!.,*q(!8&%($!0-5!s.4&!

A.&&t.&-!R&+(4**u!.&5!&4-S4+,($4+&-!M&($&5<!Y4&!0-+&%&0(&!r#(84&?&!*q%($!0-5!.,S0!S0!5&%&-e!&5!45$!0-5&(&!V*84@%$!.,5!S0!3&($&4.4+&-<!!

Y4&!r#(84&?&!*q%($!0-5!S0'!T(-5$<!Y4&!Q&4.&-5@%,*$6!S0'!T(-5$<!Q0.74+!M4$$+&-5$&4-!_DEEE6!A$&'!`ii!V,+&!F3b!

!U-.!5#!)#0!5&&!A!%,3&!@#'&!$#!.#0?$!

U88!$%,$!A!#-@&!%&8.!,5!$(0&!A!5$,-.!,8#-&!74$%#0$!?&84&*5!"%&!#-8)!$(0$%!A!C-#7!45!)#0!P4'#-!,-.!f,(*0-C&8!_`annb!!

%%V";CG%N@M% DGGA% EIG%<@DE%QG;ME=\M>%J=?>% =A% EIG%`@?>PZX%O?=ALG% a7115b%;DSD%MD%=A%;%D@AJ_%V.%>@CG%N@M%^MDE%EIG%`;N%N@M%;?GXR%)=>>N%W@G>%a7122b%PGL>;?GD% =A% ;A@EIG?_% $IG% D@AJD% J=CG% C@=LG% E@% E`@% \;<=>=;?% `;ND% @\%GgH?GDD=AJ%<N%>@CG%\@?%N@M_%*A%EIG%@AG%I;AP%DGG=AJ%N@M%;D%QG;ME=\M>%@?% `@APG?\M>R% @A% EIG% @EIG?% I;AP% >@C=AJ% N@M% \@?% `I@% N@M% ;?G_% OME%E@JGEIG?R% I@`GCG?R% EIG% E`@% DGAEGALGD% H?GDGAE% MD% `=EI% ;A% ;HH;?GAE%H;?;P@g_%"@`%L;A%.%D;N%EI;E%.% >@CG%N@M% ^MDE% EIG%`;N%N@M%;?GR%;AP%=A%EIG% D;<G%Q?G;EIR% D;N% EI;E%N@M%;?G% EIG%<@DE%QG;ME=\M>% ;AP%`@APG?\M>%HG?D@A% =A% EIG%`@?>PZ%Y@GD% A@E% EIG% \=?DE% GgL>MPG% EIG% @EIG?R% =<H>N=AJ%EI;E%.%;LLGHE%N@M%^MDE%;D%N@M%;?GR%EI;E%=DR%`=EI%\;M>ED%;AP%=<HG?\GLE=@AD%;AP% A@E% ;D% EIG% <@DE% `@APG?\M>R% QG;ME=\M>% IM<;A% QG=AJ% EI;E% GCG?%`;>SGP%EIG%\;LG%@\%EI=D%G;?EIZ%%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%732%O?=ALG%a7115b_%

> % . & !2# ' % ! ) & ( 7 % + A 7 6 ! 3 + * 6 ! + $ ! % . & !,#* 6 - ? !

!

D I ; !

.\%`G%L@AD=PG?%EIG%D=EM;E=@AD%=A%`I=LI%.%<;N%MEEG?%EIGDG%`@?PDR%EIG%H;?;P@g%DGG<D%E@%P=DD@>CG%;D%@\%=EDG>\_%$IG%\=?DER%Vj@Mi?G%D@%QG;ME=\M>XR%<;N% QG% ;% BM=EG% DH@AE;AG@MD% ;AP% H;DD=@A;EG% GgH?GDD=@A% @\%<N% >@CGR%MEEG?GP%;E%;%?@<;AE=L%P=AAG?%@?%=A%EIG%<=PDE%@\%>@CG4<;S=AJR%;\EG?%A@E%DGG=AJ%N@M%\@?%;%>@AJ%E=<G%@?%PM?=AJ%L@M?EDI=HR%S=DD=AJ%;AP%L;?GDD=AJR%H;N=AJ% L@<H>=<GAED_% $I=D% DI@M>P% ;>D@% ?G<=AP% MD% @\% EIG% \;LE% EI;E%DGG=AJ%N@M%;D%DMLI%=D%A@E%;%?G;D@A%\@?%<N%>@CGR%QME%;A%&LH(&554#-%@\%=E_%$IG%DGL@APR%V.%>@CG%N@M%^MDE%EIG%`;N%N@M%;?GXR%<;N%?;EIG?%QG%;%`;N%@\%?G;DDM?=AJ%N@M%@\%<N%>@CG_% .%;<%EG>>=AJ%N@M%E@%E?MDE%<G%;AP%EI;E%@M?%>@CG%`=>>%\;LG%EIG%EGDE%@\%E=<G_%:@AD=PG?R%\@?%=ADE;ALGR%EIGDG%H;?ED%@\%EIG%>N?=LD% @\% W@G>iD% D@AJR% VY@AiE% J@% LI;AJ=AJ% E@% E?N% ;AP% H>G;DG%<GR% N@M%AGCG?%>GE%<G%P@`A%QG\@?GX%@?%V.%E@@S%EIG%J@@P%E=<GDR%.i>>%E;SG%EIG%Q;P%E=<GDR%.i>>%E;SG%N@M%^MDE%EIG%`;N%N@M%;?GX_%.%;DDG?E%EI;E%<N%>@CG%AGGPD%A@% ?G;D@A_% j@M% P@% A@E% I;CG% E@% PGDG?CG%<N% >@CG_%*?R% QGEEG?% NGER%<N%;DDG?E=@A% =D% ;% ?G<=APG?% EI;E% E;>S% ;Q@ME%PGDG?C=AJ%P@GD%A@E%QG>@AJ% E@%EIG%>;AJM;JG%@\%>@CG_%

jGE%`IGA%`G%;?G%L@A\?@AEGP%`=EI%EIG%DE;EG<GAE%EI;E%D@<G@AG%=D%EIG%<@DE%QG;ME=\M>%J=?>%=A%EIG%`@?>PR%`G%<=JIE%QG%EG<HEGP%E@%;DS%`I;E%DIG%=D%(&,88)%>=SG_%.D%DIG%(&,88)!EI;E%QG;ME=\M>R%@?%=D%=E%@A>N%IG?%>@CG?%`I@%DGGD%IG?%;D%DMLIZ%$I=D%GLI@GD%;%<@?G%JGAG?;>%BMGDE=@A%;Q@ME%G<@E=@AD%;AP%EIG=?%?G>;E=@A%E@%\;LED%;AP%C;>MGD_733%#?G%`G%E@%MAPG?DE;AP%G<@E=@AD%;D%?;E=@A;>% ^MPJG<GAED% @\% \;LED% =A% ;% D=EM;E=@A% ;D% EIG% P@<=A;AE% E?GAP% =A%;A;>NE=L%HI=>@D@HIN%<;=AE;=ADR%@?%P@% EIG%G<@E=@AD% EIG<DG>CGD% DI;HG%`I;E%`G%DGG%;D%\;LED%@?%;D%J=CGA%=A%;%D=EM;E=@AZ%*?%=A%?G>;E=@A%E@%C;>MGD0%#?G% G<@E=@AD% <G?G>N% JM=PGD% E@% `I;E% <=JIE% ;>D@% @EIG?`=DG% QG%?GJ;?PGP%;D%C;>M;Q>GR731%@?%;?G%EIGN%H;?E%;AP%H;?LG>%@\%`I;E%C;>MGD%;?GZ%Y@%EIGN%\=APR%L?G;EG%@?%GCGA%?GCG;>%C;>MGZ%%

.% E@MLIGP% MH@A% EI=D% P=DLMDD=@A% =A% LI;HEG?% 6R% =A% `I=LI% .% E?=GP% E@%BMGDE=@A%;AN%L>G;?LME%JGAG?;>%P=DE=ALE=@A%QGE`GGA% \;LED%;AP%C;>MGD_% .%;?JMGP%EI;E%`I;E%.%D;N%=A%;%D=EM;E=@A%=D%GgH?GDD=CG%@\%`I;E%.%\GG>R%;AP%EI;E%<N% \GG>=AJD% ;?G% L@ADE=EME=CG%@\%`I;E% .% EI=AS%@\% ;D% \;LED_%KN%;=<%IG?G% =D% E@% DI@`% D@<G% `;ND% =A% `I=LI% ;% P=DLMDD=@A% @\% EIG% L@ALGHED%VQG;MENXR%V?G;>=ENX%;AP%VE?MEIX%=A%EIG%L@AEGgE%@\%>@CG%<;N%PGGHGA%@M?%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%733%.A%@AG%?GLGAE%P=DLMDD=@AR%K=LI;G>%/E@LSG?%a6FF6b%G_J_%;?JMGD%EI;E%?;EIG?%EI;A%QG=AJ%VGgEG?A;>%E@%C;>MG0%v`I=LI%G<@E=@AD%<;N%`G>>%DGG<%E@%QGw%QN%x@A>N%H@=AE=AJ%E@i%EIG<R%@?% QN% QG=AJ% @A>N% MDG\M>% \@?% EIG<R% @?% QN% QG=AJ% @A>N% ;PPGP% \>@M?=DIGD% E@% EIG<% vzw%G<@E=@AD% ;?G% =AEG?A;>% E@% C;>MG% vzw% G<@E=@AD% ;?G% GgH?GDD=@AD% @\R% ;AP%<;N% GCGA% QGR%GC;>M;E=CG%SA@`>GPJGX%a85b_%%731% /MLI% ;% C=G`% @\% G<@E=@AD%<;N% DGG<% EG<HE=AJ% =\% @AG% L@AD=PG?D% @A>N% Gg;<H>GD% @\%X\G;?X_%TG;?%<;N%QG%D;=P%E@%;>G?E%MD%E@%P;AJG?%`G%<;N%;>D@%@EIG?`=DG%QG%;`;?G%@\_%%

+ - & $ % + % : !

! !

D I D !

MAPG?DE;AP=AJ%@\%EIG%BMGDE=@A%;Q@ME%`I@%D@<GQ@PN%=D%;AP%`I;E%=E%=D%E@% SA@`% D@<G@AG_% Y?;`=AJ% @A% EIG% ;DHGLE% @\% EIG% G<@E=@AD% EI;E% .%MAPG?>=AGP% =A% EIG% H?GC=@MD% P=DLMDD=@AR% EI;E% =DR% EIG=?% L;H;L=EN% E@%G<Q@PN%P=\\G?GAE%<G;A=AJ\M>%HG?DHGLE=CGD%@A%;%HG?D@A%@?%;%D=EM;E=@AR%.%`=>>%L@AE=AMG%E@%;?JMG%EI;E%SA@`=AJ%D@<G@AG%=D%A@E%E@%QG%?GPMLGP%E@%I;C=AJ%=A\@?<;E=@A%;Q@ME%D@<G%\;LED_%%

.A%H;?E=LM>;?R%.%`;AE%E@%DL?ME=A=eG%EIG%L>;=<%EI;E%EIG%HG?DHGLE=CG%@\%>@CG% =AGC=E;Q>N% L@ADE=EMEGD% ;A% =PG;>=e;E=@A% @\% EIG% QG>@CGPR% =A% @EIG?%`@?PDR%EI;E%=E%<;=A>N%DG?CGD%E@%?GJ=DEG?%;%H?=C;EGR%DMQ^GLE=CGR%?GDH@ADG%`I=LI%P@GD%A@E%;EEGAP% E@%I@`% EI=AJD%;LEM;>>N%;?G_% .%`;AE% E@% L@AE?;DE%EI=D%`=EI%EIG%C=G`R%Q?@MJIE%@ME%QN%HI=>@D@HIG?D%DMLI%;D%'GC%/IGDE@CR%.?=D% KM?P@LI% ;AP% /=<@AG% !G=>R% EI;E% >@CG% =AC@>CGD% ;% L@A\?@AE;E=@A%`=EI%EIG%?G;>=EN%@\%@EIG?%HG@H>G_%.%`=>>%;?JMG%EI;E%EIG%HI=>@D@HIG?D%`I@%?GJ;?P% >@CG% @A% EIG%`I@>G% ;D% ;A% =PG;>=e;E=@A% QM=>P% @A% E@@% A;??@`% ;%L@ALGHE=@A%@\% EIG%L@ALGHED%@\%VE?MEIX%;AP%V?G;>=ENX_%VlG;>=ENX%<;=A>N%\=JM?GD%;D%;A%GH=DEG<@>@J=L;>%L@ALGHE%=A%EIGDG%;LL@MAEDR%`I=LI%\;=>D%E@%;EEGAP%E@% EIG%?;EIG?%<@?;>%LI;?;LEG?%@\% EIG%`;ND% =A%`I=LI% EIG%`@?PD%V?G;>=ENX%;AP%V?G;>X%;?G%MDGP%=A%EIG%P=DLMDD=@AD%@\%KM?P@LI%;AP%!G=>R%;D%`G>>%;D%=A%<;AN%@\%@M?%L@ACG?D;E=@AD%;Q@ME%`I;E%=D%V?G;>X%;AP%`I;E%=D% ;A% V=PG;>X% =A% EIG% L@AEGgE% @\% >@C=AJ% ?G>;E=@AD_% $IG% @MEL@<G% @\%<N%=ACGDE=J;E=@A%=D%EI;E%EIG%BMGDE=@A%@\%?G;>=EN%;AP%E?MEI%=D%=APGGP%@\%EIG%ME<@DE% =<H@?E;ALG% =A% L@ACG?D;E=@AD% ;Q@ME% >@CG_% .E% @A>N% E;SGD% \@?<D%EI;E%HI=>@D@HIG?D%@\EGA%\;=>%E@%DGG_%%

+ !6#0&!('!+-&(6+J(%+#$!

#%?GLM??GAE%L@ALG?A% =A% EIG%HI=>@D@HIN%@\% >@CG% =D% EIG%`=DI% E@%GgH>;=A%EIG%S=AP%@\%GgE?;@?P=A;?N%DGG=AJ%EI;E%LI;?;LEG?=eGD%>@CG_%$;S=AJ%@AGiD%H@=AE% @\% PGH;?EM?G% =A& /EGAPI;>iD% a7125b% PGDL?=HE=@A% @\% >@CG% ;D%=AC@>C=AJ% ;% H?@LGDD% @\% @()5$,884S,$4#-p;% HDNLI@>@J=L;>% H?@LGDDR% =A%`I=LI%=<;J=A;E=@A%;PPD%HG?\GLE=@AD%E@%EIG%=<;JG%@\%EIG%>@CGP%@AGR%=A%EIG% D;<G% <;AAG?% EI;E% ;% E`=J% P=HHGP% =AE@% EIG% `;EG?% ;E% ;% D;>E% <=AG%QGL@<GD% GAL?MDEGP%`=EI% D;>E% am5bp@AG% ;DSDR%I@`% =E% =D% EI;E% EIG% >@CG?%L;A% \=AP% QG;MEN% =A% ;% \;LG% EI;E% <@DE% HG@H>G% `@M>P% L@AD=PG?% BM=EG%Q>;APZ%!I;E%E?MEI4C;>MG%L;A%`G%;DD=JA%E@%DE;EG<GAED%DMLI%;D%xj@M%;?G%EIG%<@DE%QG;ME=\M>%J=?>%=A%EIG%`@?>Pi%`IG?G%EIG?G%L>G;?>N%=D%A@%JGAG?;>%;J?GG<GAE%;D%E@%`I@%PGDG?CGD%EI;E%E=E>GZ&

TG`%L@<<GAE;E@?D%@A% >@CG%J@%;D% \;?% ;D%GLI@=AJ% EIG% LNA=LiD% L>;=<%EI;E%>@CG%=D%G=EIG?%Q>=AP%E@%EIG%HG@H>G%`I@%E?M>N%PGDG?CG%=ER%@?%EI;E%=E%=D%;>`;ND% Q;DGP% @A% ;A% =>>MD=@A% =A% EI=AS=AJ% EI;E% ;AN@AG% PGDG?CGD% >@CG_%

> % . & !2# ' % ! ) & ( 7 % + A 7 6 ! 3 + * 6 ! + $ ! % . & !,#* 6 - ? !

!

D I < !

l;EIG?%EIGN%P=DLMDD%EIG%QG;MEN%EIG%>@CG?%DGGD%=A%EIG%L@AEGgE%@\%\;AE;DNR%=PG;>=e;E=@A% @?% =<;J=A;E=@A_% .A% EI;E% CG=A% EIG% HI=>@D@HIG?D% .% <;=A>N%\@LMD% @A% IG?G% L>;=<% EI;E% EIG% >@CG?% G=EIG?% I;D% ;A% V@CG?4;LE=CG%=<;J=A;E=@AX%a/@>@<@A%711FR%728bR%;%VL?G;E=CG%GNGX%a#?<DE?@AJ%6FF6R%55bR% @?% EI;E% >@CG% =D% ;% J?;EM=E@MD% ?GDH@ADG% E@% EIG% QG>@CGP% =A% `I=LI%VHG@H>G% QGDE@`% C;>MG% MH@A% @AG% ;A@EIG?% @CG?% ;AP% ;Q@CG% EIG=?%=AP=C=PM;>%@?%@Q^GLE=CG%C;>MGX% a/=AJG?%713m;R%8b_%"#! $%&! &L$&-$! $%,$!<N%`;N%@\% DGG=AJ%N@M% =D%GgH?GDD=CG%@\% >@CG%@?% L@>@M?GP%QN%G<@E=@AR% EIG%DMJJGDE=@A% =D% EI;E% =E% P@GD% A@E% ?G;>>N%H;N% ;EEGAE=@A% E@% EIG%`;N% EI=AJD%;?G_%!G%<;N%QG%\@@>GP%=AE@%EI=AS=AJ%@\%>@CG%;D%;%JM=PG%E@%C;>MG%QME%=E%`@M>P% QG%<@?G% L@??GLER% .?C=AJ% /=AJG?% D;NDR% E@% DGG% =E% ;D% ;% L?G;E@?% @\%DMLI_%%

$@% GgH>;=A%`IN% >@CG% L?G;EGDR% ?;EIG?% EI;A% DG;?LIGD% @?% \=APD% C;>MGR%/=AJG?% a713m;b%<;SGD% ;% P=DE=ALE=@A% QGE`GGA% ;HH?;=D;>% ;AP% QGDE@`;>_%)N%V;HH?;=D;>X%IG%<G;AD%EIG%V@Q^GLE=CG%C;>MGX%EI;E%;%VL@<<MA=EN%@\%IM<;A% =AEG?GDEX% ;DD=JAD% E@% D@<GEI=AJR% D;NR% ;% I@MDG_% $I=D% C;>MG% =D%L@AAGLEGP% `=EI% EIG% D=JA=\=L;ALG% EI;E% LG?E;=A% \;LED% <;N% I;CG% \@?%H?@DHGLE=CG%QMNG?D_%"G%;>D@%DHG;SD%@\%=AP=C=PM;>%;HH?;=D;>DR%`I=LI%;?G%?;EIG?%L@AAGLEGP%`=EI% EIG% =AP=C=PM;>iD%P=\\G?GAE% =AEG?GDED%;AP%PGD=?GD%;AP%I@`%`G>>%;A%@Q^GLE% L;A% D;E=D\N% EIG<_% V)GDE@`;>XR%QN% L@AE?;DER% =D%-#$! L@ALG?AGP% `=EI% V@Q^GLE=CG% C;>MGX_% .E% PGDL?=QGD% EIG% DMQ^GLE=CG% @?%G<@E=@A;>%C;>MG%D@<GEI=AJ%L@<GD%E@%I;CG%\@?%<G%=APGHGAPGAE>N%@\%=ED%;HH?;=DGP%C;>MGR% D;NR% =A% EIG% DGADG% EIG%I@MDG% .% J?G`%MH%<;N%QGL@<G%PG;?%E@%<G%a/=AJG?%713m;R%c4mb_%'@CGR%\@?%/=AJG?R%=D%;%L;DG%@\%QGDE@`;>_%%

.A% L;?=AJ% ;Q@ME% D@<G@AGR% ;EEGAP=AJ% E@% IG?R% ;\\=?<=AJ% EIG%=<H@?E;ALG%@\%IG?%QG=AJ%`I;E%DIG%=DR%EIG%>@CG?%?GDG<Q>GD%;%<;A%`I@%I;D%;HH?;=DGP%;A%@Q^GLE%;AP%\@MAP%=E%CG?N%C;>M;Q>G_%$I@MJI%IG% =D% QGDE@`=AJ% C;>MGR% EIG% >@CG?% DGG<D% E@% QG% PGL>;?=AJ% EIG%@Q^GLE=CG%J@@PAGDD%@\%EIG%QG>@CGP_%.E% =D%;D%=\%IG%`G?G%H?GP=LE=AJ%EIG% @MEL@<G% @\% ;>>% H@DD=Q>G% ;HH?;=D;>D% ;AP% =AD=DE=AJ% EI;E% EIGN%`@M>P%;>`;ND%QG%\;C@?;Q>G_%%#D% ;% <;EEG?% @\% \;LER% EIG% >@CG?% =D% P@=AJ% A@EI=AJ% @\% EIG% D@?E_%

a/=AJG?%713m;R%76b%

/MQ^GLE=CG>N% DHG;S=AJR% /=AJG?R% ;D% `G>>% ;D% EIG% @EIG?% HI=>@D@HIG?D%<GAE=@AGP% ;Q@CGR%`@M>P% A@E% D;N% EI;E% .% Q;DG%<N% >@CG% @A% ;%<=DE;SG_%*Q^GLE=CG>N% DHG;S=AJR%I@`GCG?R% =E% DE=>>% DGG<D%;D% =\% .%P@_%#% >@CG>N%;AP%GAPG;?=AJ% <=DE;SGR% \@?% DM?GR% ;AP% VQ@NR% `@M>P% >=\G% QG% <MLI% H@@?G?%`=EI@ME% =EXR% QME% ;%<=DE;SG% ;>>% EIG% D;<GR% D=ALG% >@CG%P@GD% A@E% L@ALG?A%=EDG>\% `=EI% EIG% V@Q^GLE=CGX% \;LEDR% QME% GAEIMD=;DE=L;>>N% H;=AED% =ED% @`A%H=LEM?GR%;PP=AJ%G<@E=@A%E@%EIG%L@>P%\;LEDR%QGDE@`=AJ%C;>MG%`IG?G%EIG?G%=D%A@AG_%

+ - & $ % + % : !

! !

D I B !

)ME%=D%EI=D%E?M>N%EIG%QGDE%`;N%E@%H@?E?;N%EIG%QG;MEN%EI;E%>@CG%DGGDZ%#D% ;% VDMQ^GLE=CG% E?MEIX% EI;E% P@GD% A@E% H;N% ;EEGAE=@A% E@% EIG% @Q^GLE=CG%\;LEDZ%,@`R%=A%=AE?@PML=AJ%>@CG%;D%;%S=AP%@\%QGDE@`;>%@\%C;>MGR%/=AJG?%E?=GD% E@% DGH;?;EG% =E% \?@<% @EIG?% S=APD% @\% ;HH?;=D;>DR% `I=LIR% ;>EI@MJI%EIGN%P@%H>;N%D@<G%H;?E%=A%>@CG%P@%A@E%GgI;MDE%EIG%S=AP%@\%C;>MG%EI;E%EIG% >@CG?% DGGD_% O;?E% @\% I=D% <@E=CGD% \@?% DI@`=AJ% EI;E% >@CG% =D% ;%VJ?;EM=E@MDX%?GDH@ADG%=D%E@%DI@`%=A%`I;E%`;ND%>@CG%=D%A@E%HM?H@D=CG%@?% =ADE?M<GAE;>_% $IG% >@CG?iD% VDMHG?>;E=CGD% ;?G% GgH?GDD=CG% ;AP%<GE;HI@?=L;>_%T;?%\?@<%QG=AJ%EG?<D%@\%>=EG?;>%H?;=DGR%EIGN%QGE@SGA%EIG%<;JA=EMPG% @\% I=D% ;EE;LI<GAE% ;AP% >=EE>G% ;Q@ME% EIG% >;PNiD% QG;MEN% @?%J@@PAGDD_X% a/=AJG?% 713m;R% 76b% $IG% ;EEG<HE% E@% P=DE=AJM=DI% >@CG% \?@<%@EIG?%HM?H@D=CG%;EE=EMPGD%I;D%D@<G%<G?=ED_%j@M?%=<H@?E;ALG%E@%<G%=A%>@CG% L;AA@E% QG% ?GPMLGP% E@% EIG% MDG% .%<;SG% @\% N@MR% ;AP% D@% @A_%!IGA%/=AJG?% a713m;b% L@AE=AMGD% QN% D;N=AJ% EI;E% VEIG% >@C=AJ% ;EE=EMPG% =D%DHGLM>;E=CG% ;AP% ;>`;ND% P;AJG?@MDX% a7mb% =A% EI;ER% V=A% L?G;E=AJ% C;>MGR%QGDE@`=AJ% =E% \?GG>NR% v=Ew% =AE?@PMLGD% ;A% G>G<GAE% @\% ?=DS% =AE@% EIG%vHM?H@D=CGw% GL@A@<NX% a7mbR% I@`GCG?R% @AG% G;D=>N% MAPG?DE;APD% `IN%D@<G%HI=>@D@HIG?DR%DMLI%;D%/MD;A%!@>\%a6FF6b%=A%?GDH@AP=AJ%E@%";??N%h_% T?;AS\M?EiD% P=DLMDD=@A% @A% L;?=AJR% I;CG% =AD=DEGP% @A% EIG%AGGP% \@?% ;%P=DLMDD=@A%@A%V@Q^GLE=CG%`@?EIX% =A% >@CG_% /M?G>N%/=AJG?iD%PGDL?=HE=@AD%L;HEM?G% D@<G% @\% EIG% EI=AJD% `G% <;N% D;N% =A% >@CGR% QME% EIGN% ;?G% A@E%?GH?GDGAE;E=CG%@\%GCG?NEI=AJ%`G%<;N%D;N%;Q@ME%@M?%>@CGP%@AGD_%%

.%P@%A@E%EI=AS%EI;E%;A%;EEG<HE%E@%DI@`%=A%`I;E%`;ND%>@CG%L@ALG?AD%=EDG>\% `=EI% V@Q^GLE=CG% `@?EIX% @?% V@Q^GLE=CG% C;>MGX% `=>>% H?@CG% =EDG>\%<MLI%<@?G%\?M=E\M>%EI;A%?GJ;?P=AJ%=E%;D%;%DMQ^GLE=CG%?GDH@ADG_%.A%\;LER%.%`=>>%;?JMG%EI;E%Q@EI%@Q^GLE=C=EN%;AP%DMQ^GLE=C=ENR%;D%EIGN%;?G%A@?<;>>N%MAPG?DE@@PR71F% ;?G% BM=EG% =A;PGBM;EG% \@?% L;HEM?=AJ%`I;E%`G%<G;A% QN%DHG;S=AJ% ;Q@ME% E?MEI% =A% >@CG% ;AP% =A% ?G>;E=@A% E@% DE;EG<GAED% DMLI% ;DR%Vj@Mi?G% EIG% <@DE% QG;ME=\M>% J=?>% =A% EIG% `@?>PX_% TM?EIG?<@?GR% =E% =D%P=\\=LM>E% E@%<;SG%DGADG%@\% EIG%A@E=@A%@\%V@Q^GLE=CG%C;>MGXR%@?% \@?% EI;E%<;EEG?% VDMQ^GLE=CG% E?MEIX_% $@% GC;>M;EG% D@<GEI=AJR% ;D% =E% `G?GR% =D% E@%GgH?GDD% EIG%<G;A=AJ% =E%I;D% \@?%<G_% .E% =D% AGCG?% ;%<G?G%PGDL?=HE=@A% @\%D@<GEI=AJ%=APGHGAPGAE%@\%<GR%`I=LI%=D%`I;E%EIG%L>;=<%@\%@Q^GLE=C=EN%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%71F%#% \M?EIG?% BMGDE=@A% =D% @\% L@M?DG%`IGEIG?% EIG?G% =D% ;% QGEEG?%`;N%@\% L@ALGHEM;>=e=AJ%@Q^GLE=C=EN% ;AP% DMQ^GLE=C=EN% EI;A% EIG% @AG% .% I;CG% L?=E=L=eGP_% W@A;EI;A% 'G;?% a6FFcb%DMLLGGPD% =A% J=C=AJ% ;A% G>ML=P;E=AJ% H?GDGAE;E=@A% @\% `I;E% EIGN% L@M>P% <G;A% =A%HDNLI@;A;>ND=D_%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%

> % . & !2# ' % ! ) & ( 7 % + A 7 6 ! 3 + * 6 ! + $ ! % . & !,#* 6 - ? !

!

D I I !

;HH;?GAE>N%L;>>D%\@?_717%$I=D%;>D@%<;SGD%=E%P=\\=LM>E%E@%DGG%`I;E%=E%L@M>P%<G;A% E@% \>=H% EIG%L@=A%;AP%L@AD=PG?% EIG%QG;MEN%`G%DGG%;D% D=<=>;?% E@%;%DMQ^GLE=CG%@H=A=@A_%:@AD=PG?R%\@?%@AG%EI=AJR%EI=D%?G<;?S%EI;E%W@A;EI;A%'G;?% a6FFcb% <;SGD% ;Q@ME% EIG% EG?<D% V@Q^GLE=CGX% ;AP% VDMQ^GLE=CGX% =A%?G>;E=@A%E@%EIG=?%H>;LG%=A%HDNLI@;A;>ND=D_%

[?J&@$43&% ;AP% 50?J&@$43&! ;?G% ;% L@AE?;DE=AJ% H;=?R% QME% =A% P=\\G?GAE%L@AEGgED%EIGN%L;A%QG%MDGP%E@%<;SG%C;?=@MD%L@AE?;DED_%.\%`G%P@AiE%?G;>>N%MAPG?DE;AP%`I;ER%=A%;%J=CGA%L@AEGgER%=D%<G;AE%QN%#?J&@$43&R%EIGA%=E%=D%A@E%J@=AJ%E@%QG%@\%IG>H%D=<H>N%E@%\>=H%@CG?%E@%EIG%@EIG?%<G<QG?%@\%EIG%H;=?6!50?J&@$43&_%!I;EGCG?%MAL>;?=EN%EIG?G%=D%;Q@ME%EIG%\=?DE%<G<QG?%@\%EIG%H;=?%`=>>%QG%H?GDG?CGP%;D%`G%\>=H%@CG?%E@%EIG%DGL@AP_%a'G;?%6FFcR%c2b%%

.%`=>>R%I@`GCG?R%DE?GDD%EIG% =<H@?E;ALG%@\%;EEGAP=AJ%E@%EIG%V@Q^GLE=CGX%>;AJM;JG% =A%`I=LI%`G% @\EGA% DHG;S% ;Q@ME% QG;MEN_% $I=AS% @A>N% @\% EIG%`;ND%=A%`I=LI%.%<;N%QG%D;=P%E@%.45@#3&(%@?%*4-.!QG;MEN%=A%N@Mp;DHGLED%@\%N@MR%`G%<=JIE%;PPR%EI;E%.%<;N%=AD=DE%.%?G;>>N%\=AP%=A%)#0_%.%<;N%GCGA%?GJ;?P%=E%;D%;%\;=>M?G%@A%EIG%H;?E%@\%@EIG?%HG@H>G%EI;E%EIGN%;?G%Q>=AP%E@%EI=D% QG;MEN_% .A% @EIG?% `@?PDR% =E% =D% LGAE?;>% E@% @M?% GgHG?=GALG% EI;E% EIG%QG;MEN%.%DGG%=A%N@M%=D%A@E%\=?DE%;AP%\@?G<@DE%;A%GgH?GDD=@A%@\%'&R%@\%<N%E;DEGD%;AP%H?G\G?GALGDR%QME%;%?G;LE=@A%E@%)#0_%.A%EI;E%DGADG%QG;MEN%=D%A@E%@A>N% =A% EIG% GNG% @\% EIG% QGI@>PG?R% QME% ;A% ;DHGLE% @\% D@<GEI=AJ% EI;E% =D%@EIG?%EI;A%<G_%$IMDR%`IGA%`G%E?N%E@%<;SG%DGADG%@\%EIG%L>;=<%Vj@Mi?G%EIG%<@DE%QG;ME=\M>%J=?>%=A%EIG%`@?>PXR%`G%AGGP%E@%I@>P%@A%E@%EIG%`;ND%=A%`I=LI%EI=D%=D%D@<GEI=AJ%.%L;A%D;N%;AP%'&,-R%;AP%A@E%^MDE%;D%;%\=JM?G%@\%DHGGLI_%

.% P@% A@E% QN% ;AN% <G;AD% `;AE% E@% PGAN% EI;E% DGG=AJ% QG;MEN% =A% EI=D%\;DI=@A% I;D% ;% PGGH>N% HG?D@A;>% LI;?;LEG?_% .E% =D% LGAE?;>% E@% EIGDG%DE;EG<GAED% EI;E! A% ?GDH@AP%E@%)#0% =A% EI=D%`;N_% .%P@R%I@`GCG?R%`;AE% E@%DMJJGDE%EI;E%EIG%`;ND%=A%`I=LI%EIG%QG;MEN%EI;E%.%DGG%=D%PGHGAPGAE%@A%<G%=D%A@E%E@%QG%DGGA%;D%QG=AJ%V<G?G>N%DMQ^GLE=CGX%=A%EIG%DGADG%EI;E%=E%=D%=<H@DD=Q>G% E@% DHG;S% ;Q@ME% E?MEI% =A% EI=D% L@AAGLE=@A_% .APGGPR% .% `=>>%;?JMG%EI;E%=E%=D%@A>N%L@AD=PG?=AJ%`I;E%C4-.%@\%DE;EG<GAE%EI=D%=DR%EI;E%`G%L;A%J;=A%;%L>G;?G?%H=LEM?G%@\%`I;E%=E%<G;AD%E@%DHG;S%;Q@ME%E?MEI%=A%EI=D%L;DG_% $IG?G% =DR% ;D% =E% `G?GR% A@% +&-&(,8% C=G`H@=AE% \?@<%`I=LI%`G% L;A%PGEG?<=AG%`IGEIG?%HG@H>GR%@?%H;?E=LM>;?%HG?D@ADR%;?G%QG;ME=\M>%@?%A@ER%A@?% ;AN% +&-&(,8% DE;AP;?P% @\% E?MEI% ;J;=ADE% `I=LI% `G% L;A% PGL=PG%`IGEIG?%DMLI%DE;EG<GAED%I;CG%E?MEI4C;>MG_%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%717%/=AJG?%a713m;b%;>D@%E;SGD%A@EG%@\%EIG%\;LE%EI;E%EIG%C;>MG%@\%;%I@MDG%VGg=DED%@A>N%=A%D@%\;?% ;D% EIG?G% ;?G% HG@H>G% `I@%`;AE% EIG% I@MDGXR% QME% DE=>>% =AD=DED% @A% L;>>=AJ% EIG% C;>MG%@Q^GLE=CG%=A%EI;E%VEIG%GDE=<;EG%=D%@HGA%E@%HMQ>=L%CG?=\=L;E=@AX%amb_%

+ - & $ % + % : !

! !

D I C !

$IG% H?@Q>G<D% .% GgHG?=GALG%`=EI% EIG%A@E=@A% EI;E% >@CG% =D% ;% \@?<% @\%=PG;>=e;E=@AR% EIGAR% =D% A@E% H?=<;?=>N% `=EI% EIG% DMJJGDE=@A% EI;E% >@C=AJ%?G>;E=@ADI=HD% @\EGA% <;N% ;AP% P@% =AC@>CG% =PG;>=e;E=@AD_% l;EIG?%=PG;>=e=AJ%@?%G<QG>>=DI=AJ%G=EIG?%<NDG>\%@?%N@MR%@?%@M?%?G>;E=@ADI=HR%=D%;%L@AE=AM@MD%EG<HE;E=@A%=A%>@CG_%$I=D%=D%;%H;?E=LM>;?>N%DE?=S=AJ%G>G<GAE%@\% \;>>=AJ% =A% >@CG% ;AP% EIG% S=AP% @\% ;P<=?;E=@A% @\% EIG% @EIG?% EI;E% @\EGA%J@GD%`=EI%=E_716%.%;<%<GD<G?=eGP%QN%N@M%;AP%DGG%@A>N%EIG%J@@P%EI=AJD%;Q@ME%N@M_%.%H?@^GLE%`I;E%.%`=DI%\@?%N@M%E@%QG%=AE@%N@MR%;AP%DGG%@A>N%`I;E% .%`;AE% E@%DGG_% .% E?N% E@%QG%`I;E%.% EI=AS%N@M%`;AE%<G% E@%QG_%$I=D%EG<HE;E=@A%E@%=PG;>=eG%=D%;D%;>=CG%=A%EIG%P=\\G?GAE%`;ND%@\%?@<;AE=L=e=AJ%EIG% ?G>;E=@ADI=HD% @\% >@CG% =A% P=\\G?GAE% L=?LM<DE;ALGDR% ;D% =A% EIG%<NDE=\=L;E=@A% @\% EIG% ?G>;E=@ADI=H% QGE`GGA% EIG% P=\\G?GAE% DGgGD_% $I=AS%@A>N% @\% DG>\4IG>H% Q@@SD% L>;=<=AJ% EI;E%<GA% ;?G% \?@<%K;?D% @?%`@<GA%\?@<% -GAMD% ah?;N% 7116b% @?% @\% ?G>=J=@MD% eG;>@ED% G<HI;D=e=AJ% EIG%Q=Q>=L;>% V<;>G% ;AP% \G<;>G% "G% L?G;EGP% EIG<XR% @?% @\% P=\\G?GAE%L@ACG?D;E=@AD%;Q@ME%`I;E%=E%=D%E@%QG%;%V?G;>%<;AX%@?%V`@<;AX_%

!I;E% E?@MQ>GD% <G% =D% ?;EIG?% EIG% DMJJGDE=@A% EI;E% `G% L@M>P% <;SG%DGADG%@\% EIG%A@E=@A% EI;E% >@CG% 4-! 4$5! &-$4(&$)% =AC@>CGD%;A% =PG;>=e;E=@Ap;AP%A@E% ^MDE% EI;E% EI=D%<;N%QG%;% LI;?;LEG?=DE=L%@\% >@CG_% .E% =D% E?MG% EI;E% .%<;N%L@<G%E@%?GJ;?P%<N%>@CG%@?%<N%`;ND%@\%C=G`=AJ%N@M%;D%<=DE;SGA%@?% =>>MD@?NR% EI=AS=AJ% EI;E% .% `;D% >=C=AJ% ;% \;AE;DN_% )ME% EI=D% =D% A@E% ;%<=DE;SG% EI;E% =D% =AEG?A;>% E@% >@C=AJ% H&(! 5&% QME% D@<GEI=AJ% EI;E% =D% QGEEG?%PGDL?=QGP%;D%;%*,480(&%=A%<N%>@CG_%.PG;>=e;E=@AD%L;A%QG%D;=P%E@%\@?<%A@E%@A>N% ;% L@ADE;AE% EG<HE;E=@A% E@% >@CG% QME% ;>D@% ;% EI?G;E% E@% =E_% /@>@<@A%a711Fb%DGG<D%E@%I;CG%D@<G%J?;DH%@\% EI=D%`IGA%IG%D;NDR%V'@CG%I;D% =ED%\;AE;D=GDR% ;AP% =AGC=E;Q>N% D@<G%@\% EIGDG%<;N% EM?A%@ME% E@%QG% =>>MD=@AD_%)ME% EI=D% =D%A@E% E@%PGAN% EIG%P=\\G?GALG%QGE`GGA% EIG% E`@R%<MLI% >GDD% E@%DI@`%EI;E%>@CG%=EDG>\%=D%;A%=>>MD=@AX%a733b_%"G%?GE?G;ED%\?@<%EI=D%=AD=JIER%I@`GCG?R% `IGAR% ;% \G`% DGAEGALGD% >;EG?% @AR% IG% DHG;SD% @\% EIG%V>@CG`@?>PX%;D%;%\;AE;DN%=A%=EDG>\_%

Y@GD% =E% ?G;>>N% <;EEG?% E@% ;AN@AG% G>DG% =\% N@M% ,(&-W$% EIG% <@DE%`@APG?\M>% HG?D@A% =A% EIG% `@?>PZ% .A% `I;E% DGADG% P@GD% =E% GCGA%<;EEG?% E@%<GZ% $@% >@CG% =D% E@% DI;?G% EIG% >@CG`@?>P% E@JGEIG?R% ;AP%EI;E% =D% =EDG>\%;% \;AE;DNR%;% \;AE;DN% =A%`I=LI% =E% =DR%;D% \;?%;D%`G%;?G%L@ALG?AGPR%x^MDE%EIG%E`@%@\%MD_i%#AP%EI;E%=D%`INR%M>E=<;EG>NR%N@M%;?G% EIG% <@DE% `@APG?\M>% HG?D@A% =A% EIG% `@?>P_% #H;?E% \?@<%<GR%N@M%;?G%EIG%@A>N%@EIG?%HG?D@A%=A%EIG?G_%a/@>@<@A%711FR%733b%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%716%#%\;=>M?G%@\%<;AN%HI=>@D@HI=L;>%P=DLMDD=@AD%@\% >@CG%=D%;>D@%EI;E%EIGN%@\EGA%EGAP%E@%P=DLMDD%>@CG%;D%;A%GgEGAPGP%=A\;EM;E=@A_%

> % . & !2# ' % ! ) & ( 7 % + A 7 6 ! 3 + * 6 ! + $ ! % . & !,#* 6 - ? !

!

D I = !

.A%H;DD=AJR% =E% =DR% @\% L@M?DGR%`?@AJ% E@% L@AL>MPG% EI;E% ^MDE% QGL;MDG% N@M%;AP%.%DI;?G%EI=D%>@CG`@?>PR%=E%AGLGDD;?=>N%\@>>@`D%EI;E%N@M%;?G%EIG%<@DE%`@APG?\M>%@AG%=A%=E_%!IN%L@M>P%A@E%.%QGZ%%

$IG% HI=>@D@HIG?D% P=DLMDD=AJ% >@CG% ;AP% =PG;>=e;E=@A% ;EEGAP% E@% ;A%=<H@?E;AE% BMGDE=@AR% EI;E% =DR% V`I;E% =D% E?MEI% @?% \=LE=@A% =A% >@CGZX% )N%E?N=AJ% E@% J=CG% ;% JGAG?;>% ;AD`G?% E@% `I;E% =D% V?G;>X% ;AP% `I;E% =D% ;A%V=PG;>XR%I@`GCG?R% EIGN%<=DL@ADE?MG% EIG% ?@>GD% EI=D%P=DE=ALE=@A% =A% =EDG>\%I;D% =A%@M?% L@ACG?D;E=@AD% ;Q@ME% >@CGR% ;D%`G>>% ;D% EIG%.4**&(&-$% S=APD%@\%L@AE?;DED%`G%<;SG%`=EI% EIG%`@?PD_%*M?% E;>S% ;Q@ME% >@CGR% ;D% =E%`G?GR%P@GD%A@E%@A>N%L@ALG?A%EIG%QG;MEN%@?%`@APG?D% =A% =E_%#%J?G;E%PG;>%@\% =E%;>D@%G<HI;D=eGD%EIG%`;ND%=A%`I=LI%`G%<;N%L@<G%E@%SA@`%D@<G@AG%=A%>@CGR%DMLI%;D%EIG%PG<;AP%E@%V>@CG%N@M%;D%N@M%;?GX_&:@AE?;DER%\@?%@AG%EI=AJR% EIG%\@?<G?%PGDL?=HE=@AD%@\%>@CG%;D%;A%=PG;>=e;E=@A%`=EI%/=<@AG%!G=>% a7122b% `I@%`?=EGDR% V'@CG% AGGPD% ?G;>=EN_% !I;E% =D% <@?G% EG??=Q>G%EI;A% EIG% P=DL@CG?N% EI;E% EI?@MJI% ;% Q@P=>N% ;HHG;?;ALG%`G% I;CG% QGGA%>@C=AJ%;A%=<;J=A;?N%QG=AJX%ac51b_%%

"GALGR% =\%`G%`;AE% E@% DGG%`I;E% DGADG% =E%<;N%I;CG% E@% DHG;S%;Q@ME%=PG;>=e;E=@AD% =A% >@CGR% @?% PGL=PG% `IGEIG?% >@CG% =D% QN% AGLGDD=EN% ;A%=PG;>=e;E=@AR% =E% =D% E@% DMLI% D;N=AJD% ;AP% GgHG?=GALGD% `G% AGGP% E@% EM?A_%*EIG?`=DG%`G%?=DS%<=D?GH?GDGAE=AJ%EIG%L@ALG?AD%EI;E%`G%J=CG%C@=LG%E@%`IGA%`G%DHG;S%;Q@ME% =PG;>=e;E=@AD% =A% >@CG% =A%@M?%P;=>N% >=\G_%!G%;>D@%?=DS% ?GAPG?=AJ% @QDLM?G% EIG% HI=>@D@HI=L;>% L@ALG?AD% `G% <;N% I;CG% =A%P=DLMDD=AJ%BMGDE=@AD%;Q@ME%>@CGR%QG;MEN%;AP%E?MEI_%%

.A% EIG% \@>>@`=AJR% .% `;AE% E@% BMGDE=@A% EIG% =PG;% EI;E% EIG?G% =D% ;%H?=C=>GJGP% H@D=E=@A% \?@<%`I=LI% `G% L@M>P% ^MPJG%`IGEIG?% >@CG% =A% =ED%GAE=?GEN% =D% ;A% =PG;>=e;E=@A_% .%`=>>% ;?JMG% EI;E% EIG% HI=>@D@HIG?D% E;S=AJ%EI=D%DE;ALG%\;=>%E@%PGDL?=QG%>@CG%=A%EI;E%EIGN%E?N%E@%^MPJG%=E%QN%DE;AP;?PD%EI;E%;?G%A@E%;HH>=L;Q>G%E@%=E_%$IGN%E;SG%;%P=DE=ALE=@A%EI;E%I;D%<G;A=AJ%`=EI=A%LG?E;=A%H?;LE=LGD%;AP%MDG%=E%E@%^MPJG%;%H?;LE=LG%;D%;%`I@>G_%$IG=?%DMJJGDE=@A% DGG<D% E@% QG% EI;E% LG?E;=A% >=AJM=DE=L% H?;LE=LGD% ;?G% V<@?G% =A%L@AE;LE%`=EI%?G;>=ENX%EI;A%;?G%@EIG?DR%;AP%EI;E%EIGNR% EIG?G\@?GR%GA;Q>G%MD% E@%P?;`%;%JGAG?;>%P=DE=ALE=@A%QGE`GGA%`I;E% =D%V?G;>X%;AP%`I;E% =D%A@E_%$IGN%\;=>%E@%A@E=LG%EI;E%EIG%P=\\G?GAE%P=DE=ALE=@AD%QGE`GGA%`I;E%=D%?G;>%;AP%`I;E%=D%A@E%;?G%@AGD%`G%<;SG%4-%>;AJM;JG_%%

$IG% DE;AP;?P% ;J;=ADE% `I=LI% >@CG% =D% ^MPJGP% E@% QG% ;A% =PG;>=e;E=@A%;HHG;?D%E@%QG%Q@??@`GP%\?@<%EIG%A;EM?;>%DL=GALGD_%$?MG%DE;EG<GAED%;?G%L@AD=PG?GP% E@% QG% EI@DG% `I=LI% L@??GLE>N% PGDL?=QG% LG?E;=A% \;LED% @\% EIG%`@?>P%aD=ALG%@A>N%\;LED%<;N%I;CG%E?MEI4C;>MGbR%;AP%EIG%=PG;>%=D%E@%\=AP%;% AGME?;>% H@D=E=@A% \?@<% `I=LI% E@% ?GH?GDGAE% EIGDG% \;LED% =A% >;AJM;JG_%!I;E% =D% L@AD=PG?GP% E@%QG% E?MG% =A% EI;E% DGADG% =D%A@E% PGHGAPGAE% @A% EIG%E=<G%@?%H>;LG%@\%EIG%MEEG?;ALG%@\%;%DE;EG<GAER%A@?%@A%`I@%MEEG?D%=E_%$IG%

+ - & $ % + % : !

! !

D I H !

E?MEI%@\%;%DE;EG<GAE%D@>G>N%PGHGAPD%@A%=ED%L@??GDH@APGALG%`=EI%?G;>=EN_%"GALGR% EIG% ?@>G% @\% ?;E=@A;>=ENR% @?% EIG% HI=>@D@HI=L;>% H=LEM?G% @\%?;E=@A;>=EN% EI;E% .% I;CG% P=DLMDDGP% EI?@MJI@ME% EI=D% `@?SR% =D% ;>D@%G<HI;D=eGP%;D%=E%=D%L@AD=PG?GP%E@%QG%@M?%@A>N%JM=PG%E@%E?MG%\;LED%;Q@ME%EIG%`@?>P_%%%

$I=D% A@E=@A% @\% E?MEIR% I@`GCG?R% =D% @A>N% =AEG>>=J=Q>G% =A% ?G>;E=@A% E@% ;%CG?N%>=<=EGP%?;AJG%@\%L;DGD_%&CGA%EIGA%`G%DI@M>P%QG%;EEGAE=CG%E@%`I;E%?@>G% `G% J=CG% E@% `@?PD% DMLI% ;D% V\;LEXR% VE?MEIX% ;AP% V?G;>=ENX% =A% @M?%P=DLMDD=@A% D@% EI;E% `G% P@% A@E% EM?A% EIG<% =AE@% D@<G% S=AP% @\%HI=>@D@HI=L;>% VDMHG?s<GE;% L@ALGHEDX_71c% :G?E;=A>N% V?G;>=ENX% ;AP%VE?MEIX%;?G% L@ALGHED% EI;E%I;CG%;% \MAP;<GAE;>% ?@>G% =A%@M?% >=\G% ;AP% =A%HI=>@D@HINR% QME% EIG?G% ;?G% <;AN% H?@Q>G<D% =AC@>CGP% =A% ;DD=JA=AJ% E@%V?G;>=ENX% EIG% <GE;HIND=L;>% ?@>G% @\R% D;NR% J?@MAP=AJ% @M?% >=AJM=DE=L%H?;LE=LGD_% }M@E=AJ% OGEG?% !=ALI% a712Fb0% VlG;>=EN% =D% A@E% `I;E% J=CGD%>;AJM;JG% DGADG_%!I;E% =D% ?G;>% ;AP%`I;E% =D% MA?G;>% DI@`D% =EDG>\% 4-! EIG%DGADG%EI;E%>;AJM;JG%I;DX%a36b_%%

.%L;A%I;?P>N%P@%^MDE=LG%E@%!=ALIiD%?G<;?S%IG?GR%QME%.%`;AE%E@%Q?=AJ%@ME% EIG% \@>>@`=AJ% H@=AED0% !IGA% !=ALI% DHG;SD% ;Q@ME% EIG% ?G>;E=@A%QGE`GGA%?G;>=EN%;AP%>;AJM;JGR%IG%=D%<;S=AJ%;%J?;<<;E=L;>%H@=AER%A@E%;%<GE;HIND=L;>%@AG_%:@AE?;?N% E@% =PG;>=DED%@?%?G;>=DED%IG% =D%A@E% E?N=AJ% E@%D;N% ;ANEI=AJ% ;Q@ME%`I;E% ?G;>=EN% =D% @?% =D% A@E_% T@?% =ADE;ALGR% IG% =D% A@E%<;S=AJ%;A%=PG;>=DE%L>;=<%EI;E%?G;>=EN%=D%L@ADE?MLEGP%=A%>;AJM;JG_%l;EIG?%IG% =D%H@=AE=AJ%@ME% EIG% =AEG?A;>%?G>;E=@A%QGE`GGA% >;AJM;JG%;AP%?G;>=EN%;AP% EIG% =<H@DD=Q=>=EN% @\% DGH;?;E=AJ% EIG% E`@_% #J;=ADE% ?G;>=D<R% IG%?G<=APD% MD% EI;E% >;AJM;JG% =D% A@E% ;% ?G\>GLE=@A% @\% ?G;>=ENR% A@?% =D% ?G;>=EN%D@<GEI=AJ% EI;E% PGEG?<=AGD% EIG% DGADG% @\% >;AJM;JG_% l;EIG?% =E% =D% =A%>;AJM;JG%EI;E%`G%P=DE=AJM=DI%`I;E%=D%x?G;>i%\?@<%`I;E%=D%A@E_%%

KN% ;?JM<GAER% EIGAR% =D% EI;E% EIG?G% ;?G% =<H@?E;AE%P=\\G?GALGD% =A% EIG%?@>GD% E;>S=AJ% ;Q@ME% xE?MEIi% ;AP% x?G;>=ENi% <;N% I;CG% =A% L@ACG?D;E=@AD%;Q@ME% >@CG%;AP%=A%DL=GAE=\=L%P=DL@M?DG_%#%EGAE;E=CG%;EEG<HE%E@%L;HEM?G%EIGDG% P=\\G?GALGD% L@M>P% QG% E@% D;N% EI;E% `IGA% DHG;S=AJ% ;Q@ME% N@M?%QG;MEN% =A% >@CGR% .%;<%A@E%D@%<MLI%E?N=AJ% E@% ^MPJG%@?%PGDL?=QG%?G;>=ENR%EIG%`;N%@AG%P@GD%=A%DL=GALG0%.%;<%GgH?GDD=AJ%7%,$!45!(&,8_%.\%`G%P@%A@E%?G<;=A%L>G;?%;Q@ME%EIGDG%P=\\G?GALGD%`IGA%HI=>@D@HI=e=AJ%;Q@ME%>@CGR%`G%?=DS%<=D?GH?GDGAE=AJ%`I;E%=E%=D%`G%;?G%P@=AJ%`IGA%`G%DHG;S%;Q@ME%xE?MEIi% =A%EIG%P=\\G?GAE%L;DGD_%$@%L@<H>=L;EG%<;EEG?DR%I@`GCG?R% .%`;AE%E@%;PP%EI;E%EIG%P=\\G?GAE%MDGD%E@%`I=LI%V?G;>=ENX%;AP%VE?MEIX%;?G%HME%=A%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%71c%:\_%!=EEJGADEG=A%a7112bR%V=\%EIG%`@?PD%x>;AJM;JGiR%xGgHG?=GALGiR%x`@?>PiR%I;CG%;%MDGR%=E%<MDE%QG%;D%IM<Q>G%;%@AG%;D%EI;E%@\%EIG%`@?PD%xE;Q>GiR%x>;<HiR%xP@@?iX%aq12b_%

> % . & !2# ' % ! ) & ( 7 % + A 7 6 ! 3 + * 6 ! + $ ! % . & !,#* 6 - ? !

!

D I @ !

@M?% P=\\G?GAE% H?;LE=LGD% ;?G% A@E% L@<H>GEG>N% DGH;?;Q>G_% .% L?=E=L=eG%HI=>@D@HIG?D%\@?%MD=AJ%E@@%A;??@`%;%L@ALGHE=@A%@\%V?G;>=ENX%E@%L;HEM?G%`I;E%=D%;E%DE;SG%=A%P=\\G?GAE%H?;LE=LGDR%QME%EIG%@A>N%L@AL>MD=@A%`G%<;N%P?;`% \?@<% EI=D% =D% A@E% ^MDE% E@% Q?@;PGA% @M?% C@L;QM>;?N% E@% GAL@<H;DD%P=\\G?GAE%L@ALGHED%@\%?G;>=EN_%#%L@AD=PG?;E=@A%@\% EIG%?@>G%EIG%L@ALGHED%V?G;>X%;AP%VE?MEIX%I;CG%=A%@M?%>=\G%<;N%;>D@%>G;P%MD%E@%?GL@AD=PG?%EIG%`;ND%EIGN%L;A%L@<G%=AE@%H>;N%`=EI=A%EIG%H?;LE=LG%@\%DL=GALG_71m%.E%?;=DGD%EIG%BMGDE=@A%;Q@ME%EIG%`;ND%=A%`I=LI%=E%=D%EIG%D;<G%L@ALGHE%`G%MDG%=A%P=\\G?GAE%D=EM;E=@AD_%

$I=D% ;>D@% DI@`D% =A% EI;E% =E% =D% A@E% @A>N% DL=GALGR% HI=>@D@HIN% @?%?;E=@A;>=EN% EI;E% <;N% H?@H@DG% E@% EG>>% MD% `I;E% =D% ?G;>_% $IG% >@CG?R% ;D% .%;>?G;PN%<GAE=@AGPR%<;N% ;>D@%<;SG% ;% L>;=<% E@% EI;E% G\\GLE_%"G?GR% @AG%DI@M>P%;>D@%?G<G<QG?%EI;E%`@?PD%DMLI%;D%V?G;>=ENXR%V?G;>XR%V?G;>=DE=LX%;?G% =A% <;AN% D=EM;E=@AD% `I;E% !_)_% h;>>=G% a7186b% L;>>GP% VGDDGAE=;>>N%L@AEGDEGP% L@ALGHEDX_715% .A% @EIG?% `@?PDR% GCGA% =\% `G% DI;?G% ;% JGAG?;>%;J?GG<GAE%;Q@ME%EIG%<G;A=AJ%@\%EIGDG%L@ALGHEDR%EIG?G%`=>>% =AGC=E;Q>N%QG%P=D;J?GG<GAED%;Q@ME%EIG=?%;HH>=L;E=@A%=A%J=CGA%D=EM;E=@AD_%.A%LG?E;=A%D=EM;E=@AD%`G%<;N%P=DHMEG%`IGEIG?%;%LG?E;=A%PGDL?=HE=@A%@\%;%D=EM;E=@A%L;HEM?GD%`I;E% =D% V?G;>XR% ;APR% EIMDR% DI@M>P% H>;N% ;% H?@<=AGAE% H;?E% =A%@M?% EI=AS=AJ% ;AP% ;LE=AJ_% $I=ASR% \@?% =ADE;ALGR% @\% EIG% `;ND% =A% `I=LI%D@<G@AG% L;A% HME% G<HI;D=D% @A% QG=AJ% ;% V?G;>=DEX% =A% <;S=AJ% H@>=E=L;>%PGL=D=@ADR%;AP%;>D@%@\%EIG%LNA=LiD%L@AC=LE=@A%EI;E%IG%DGGD%EIG%`@?>P%;D%=E%?G;>>N%=D_%%

$IG% HI=>@D@HIG?D% ?GJ;?P=AJ% >@CG% ;D% ;A% =PG;>=e;E=@A% LG?E;=A>N% J=CG%GgH?GDD=@A% E@% BM=EG% JGAG?;>% DGAE=<GAED% `IGA% EIGN% D;NR% X<@DE>N% `G%P@AiE%I;CG%;>>%EI;E%<;AN%C=?EMGD%@?%I;CG%EIG<%@A>N%E@%;%>=<=EGP%GgEGAEn%HG@H>G% =A% JGAG?;>% ;?G% D=<H>N% A@E% EG??=Q>N% >@C;Q>GX% a#?<DE?@AJ% 6FF6R%m8bR% @?R% V$IGN%;?G%`I;E% EIGN%;?G_%!IN% DI@M>P% EIGN%QG% >@CGP% \@?% =EZX%a/=AJG?% 713m;R% 7mb_%#>@AJ%`=EI% EIG%GgE?G<G% =PG;>=e;E=@AD%@\% ?@<;AE=L%>@CGR%@?%;D%;%A;EM?;>%L@ADGBMGALG%@\%=ER%EIG?G%=D%;A%@MEDH?G;P%LNA=L=D<%L@ALG?A=AJ% >@CG_% $I=D% <;N% EG<HE% MD% E@% EI=AS% EI;E% EIG% HI=>@D@HIG?D%`I@%?GJ;?P%>@CG%;D%;A%=PG;>=e;E=@A%;?G%?=JIER%;%EG<HE;E=@A%`I=LI%<;N%;>D@%J?@`%`=EI%@M?%@`A%GgHG?=GALG%@\%;`;SGA=AJ%\?@<%>@CGR%\=AP=AJ%;%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%71m% $I=AS% G_J_% @\% EIG% `;ND% =A% `I=LI% ;GDEIGE=L% ?G;LE=@AD% ;AP% ;% HG?D@A;>% =AEG?GDE% =A%BMGDE=@AD%<;N%H>;N%;%?@>G%=A%DL=GALG%a:\_%!=LS<;A%6FF5b_%%715%!_%)_%h;>>=G%=AE?@PMLGP%EIG%EI@MJIE%EI;E%D@<G%L@ALGHED%X;?G%GDDGAE=;>>N%L@AEGDEGPR%L@ALGHED% EIG% H?@HG?% MDG% @\% `I=LI% =AGC=E;Q>N% =AC@>CGD% GAP>GDD% P=DHMEGD% ;Q@ME% EIG=?%H?@HG?%MDGD%@A%EIG%H;?E%@\%EIG=?%MDG?DX%ah;>>=G%7186R%76cb_%#>EI@MJI%EIG?G%=D%;%JGAG?;>%;J?GG<GAE%EI;E%G_J_%J@@PAGDD%DI@M>P%QG%\M?EIG?GPR%N@M%<;N%P=DHMEG%<N%PGDL?=HE=@A%@\%;A%;LE=@A%;D%J@@P_

+ - & $ % + % : !

! !

D C G !

?G>;E=@ADI=H%`I=LI%`;D%@ALG% \=>>GP%`=EI%P?G;<D% E@% QG% A@EI=AJ% QME% ;%A=JIE<;?G_%%

'GAP=AJ%I=D%C@=LG%E@%EI@DG%HI=>@D@HIG?D%`I@%@A>N%HME%EIG=?%\;=EI%=A%?G;D@A%;AP%A@E%=A%DH=?=EM;>%=ADH=?;E=@AR%'GC%/IGDE@C%=A%P#8,!*4.&%a7115b%;?E=LM>;EGD%EI=D%L@ALG?A%=A%EIG%\@>>@`=AJ%`;N0%%

:;A% @AG% ?G;>>N% QG>=GCG% HG@H>G% =A% >@CGZ% $IGN% ;?G% EIG<DG>CGD%DM?H?=DGP%;Q@ME%EIG=?%<;PAGDD%@ALG%EIG%H;DD=@A%I;D%\;PGP_%Y@GD%A@E% EIG% @AG%`I@% =D% =A% >@CG% EI=AS% EI;E% EIG% @Q^GLE% @\% I=D% >@CG% =D%<@?G%QG;ME=\M>% ;AP% DM?H;DDGD% ;>>% EIG% @EIG?D% =A% EIG%`@?>PZ%#AP%`IGA%EIG%H;DD=@A%L@@>D%P@`AR%=D%IG%A@E%L@AC=ALGP%E@JGEIG?%`=EI%GCG?N@AG% G>DG% EI;E% DIG% =D% ;% I=JI>N% @?P=A;?N% `@<;AZ% _/^GDE@C%7115R%82R%')!$(,-58,$4#-b%

$I=DR% ;?JMGD% /IGDE@CR% =D% `I;E% <;AN% HI=>@D@HIG?D% D;N_% "G% L=EGD%/LI@HGAI;MG?% ;D%@AG%Gg;<H>G_%$I=D% =D% ;>D@%`I;E%<;AN%@EIG?%HG@H>G%D;N_%.E%=D%`I;E%O>;E@%;AP%/@L?;EGD%E;MJIE%MD%E@%EI=AS%a/^GDE@C%7115R%83b_%%

,@% @AG% P@MQED% EI;E% .C;A% <=D^MPJGP% K;?N;% ;AP% K;?N;% .C;A%`IGA%EIGN%D;`%G;LI%@EIG?%=A%EIG%DMHG?A;EM?;>%>=JIE%@\%&?@D%;AP%EI;E%EIGN%^MPJGP%G;LI%@EIG?%L@??GLE>N%`IGA%EIGN%;HHG;?GP%=A%EIG%@?P=A;?N%H>;AG%>=JIE_%_/^GDE@C%7115R%82R%')!$(,-58,$4#-b%

)MER% IG% L@AE=AMGDR% `I;E% =\% EI=D% =PG;% =D% EIG% @AG% `I=LI% ?GDED% MH@A%L@A\MD=@AZ%!I;E%=\%

;A@EIG?%D@>ME=@A%E@%EIG%BMGDE=@A%=D%H@DD=Q>GR%EI;E%.C;A%;AP%K;?N;%`G?G%?=JIE%;E%EIG%<@<GAE%`IGA%EIGN%D;`%`I;E%A@%@AG%G>DG%D;`%=A%EIG<R%EI;E%`I=LI%EIGN%EIG<DG>CGD%I;P%A@E%DGGA%G=EIG?%QG\@?G%@?% ;\EG?% EI;E% D@>G<A%<@<GAER% EI;E% &?@D% P=P% A@E% \@@>% EIG<% QME%@A>N% ?GCG;>GP% E@% EIG<% ;% AG`% ?G;>=ENR% =A;LLGDD=Q>G% E@% ?G;D@AR% ;%?G;>=EN% EI;E% I=P% =EDG>\% \?@<% EIG<% \@?GCG?R% ;D% BM=LS>N% ;D% &?@D%EM?AGP%@\\%I=D%>=JIE_%_/^GDE@C%7115R%83R%')!$(,-58,$4#-b%

.A%@EIG?%`@?PDR%`IN%DI@M>P%`G%EI=AS%EI;E%=E%=D%.%`I@%>@CG%`I@%AGGPD%E@%`;SG%MH%\?@<%<N%P?G;<D%;AP%\;AE;D=GDZ%!IN%A@E%EI=AS%EI;E%EI@DG%=A% AGGP% @\% ;% `;SG4MH% L;>>% ;?G% EIG% @AGD% `I@% L;>>% <N% >=\G% =A% >@CG% ;%P?G;<Z%!I;E%;?G%`G%GCGA%L@<H;?=AJ%=E%`=EI%`IGA%`G%L;>>%<N%>=\G%;%P?G;<% @?% ;% \;AE;DNZ% T?@<% <N% HG?DHGLE=CGR% EIG% HG?DHGLE=CG% @\% >@CGR%DMLI% PGDL?=HE=@AD% I;CG% A@% I@>P_% l;EIG?% =E% =D% EI@DG% `I@% EI=AS% .% ;<%>=C=AJ%;%VP?G;<X%@?%;%V\;AE;DNX%`I@%=A%EIG=?%?G\MD;>%E@%;LLGHE%`I;E%.%DGG%EM?A%EIG=?%Q;LS%@A%>@CG_%$I=D%=D%A@E%E@%D;N%EI;E%EIGN%E@@%`@M>P%I;CG%E@%DGG%N@M%;D%QG;ME=\M>%@?%`@APG?\M>%=A%EIG%`;N%EI;E%.%P@%a;>EI@MJI%.%<;N%;>D@%EI=AS%EI;E%=D%EIG=?%\;=>M?GbR%QME%EI;E%EIGNR%=A%?G\MD=AJ%E@%?GJ;?P%`I;E%.%D;N%;D%;%D=JA=\=L;AE%?G<;?SR%;?G%A@E%@HGA%E@%<G%;AP%E@%`I;E%=D%=<H@?E;AE%E@%<G_%:@ADGBMGAE>N%EIG=?%`@?PD%DG?CG%;D%;%?G^GLE=@A%@\%EIG%

> % . & !2# ' % ! ) & ( 7 % + A 7 6 ! 3 + * 6 ! + $ ! % . & !,#* 6 - ? !

!

D C ; !

H>;LG% >@CG%<;N%I;CG% =A%<N% >=\GR% ;APR%@AG%<;N%DMDHGLER% ;% ?G^GLE=@A%@\%EIG%H>;LG%=E%<;N%I;CG%=A%EIG=?%@`A%>=\G_%%

*\%L@M?DGR%;>>%EIG%PGDL?=HE=@AD%.%HME%E@%MDG%IG?GR%@A%G=EIG?%D=PGR%;?G%GgH?GDD=CG% @\% `I;E% .% ;<% <NDG>\% H?GH;?GP% E@% D;N% =A% EI=D% <;EEG?_%!IGEIG?%.%DHG;S%;Q@ME%V=<;J=A;E=@AX%@?%VP?G;<XR%@A%EIG%@AG%D=PGR%@?%;Q@ME%VEM?A=AJ%N@M?%Q;LSXR%@?R%V?G\MD=AJ%E@%DGG%`I;E%=D%=<H@?E;AEXR%@A%EIG% @EIG?R% PGHGAPD% MH@A% <N% @`A% @ME>@@S% ;AP% GgH?GDDGD% <N%HG?DHGLE=CG%@A%EIG%D=EM;E=@A_%:@<H;?G%EIG%H;?GAE%@\%;%AG`4Q@?A%LI=>PR%`I@% `;>SD% EIG% DE?GGEDR% \GG>=AJ% G>GC;EGPR% =A=E=;EGP% =AE@% EIG% J?G;E%<NDEG?=GD%@\%>=\GR%`;AE=AJ%E@%G<Q?;LG%;>>%EIG%HG@H>G%EI;E%IG%<GGED_%a:\_%$I@<dDG%6FF5R%c64cm_b%!I;E%IG%DGGD%=A%@EIG?DR%<;N%DE?=SG%I=<%;D%D<;>>4<=APGPAGDDR%;D%;%?G^GLE=@A%@\%^@N_%$IG=?%GCG?N%<@CG%;AP%JGDEM?G%<;N%DHG;S%@\%@Q>=C=@A%E@%;A%=<H@?E;AE%;DHGLE%@\%?G;>=EN_%"G%<;NR%@\%L@M?DGR%DEGH% @ME% @\% EI=D% HG?DHGLE=CG% a@?% J?@`% @ME% @\% =EbR% QME% EIG?G% =D% A@EI=AJ%H?GCGAE=AJ%MD%\?@<%EI=AS=AJ%EI;E%EI;E%`@M>P%QG%;%\;=>M?G_%%

$I=D% =D%;>D@%;A% =<H@?E;AE%H@=AE% =A%/IGDE@CiD% ?G<;?SD_%"G% ?G<=APD%MD% EI;E% `I;E% =D% MDM;>>N% E;SGA% ;D% ;% \;LEM;>% DE;EG<GAE% =D% =A% =EDG>\%GgH?GDD=CG%@\%;%HG?DHGLE=CG%@A%EIG%`@?>P%;AP%@A%@EIG?%HG@H>G_%$IG?G%=D%;%H?@\GDDGP%AGME?;>=EN%E@%DE;EG<GAED%DMLI%;D%V;>>%E@@%\G`%IM<;A%QG=AJD%;?G% <;DEG?`@?SD% @\% GgLG>>GALGX% a->;DE@D% 7137R% c7bR% QME% =E% =D% MAL>G;?%`I;E%DE;EMD%EIGN%;?G%<G;AE%E@%I;CG%=A%;%+&-&(,8%P=DLMDD=@A%;Q@ME%`I;E%HG@H>G% ;?G_% .APGGPR% @AG% @\% EIG% H?=<;?N% L@A\MD=@AD% =A% <;AN%HI=>@D@HI=L;>% P=DLMDD=@AD% @\% =PG;>=e;E=@AD% =A% >@CG% =D% EI;E% EIGN%MAH?@Q>G<;E=L;>>N% ;DDM<G% EI;E% =E% =D% H@DD=Q>G% E@% <;SG% JGAG?;>R%;HH;?GAE>N%AGME?;>%@?%@Q^GLE=CGR%DE;EG<GAED%;Q@ME%`I;E%HG@H>G%;?G%@?%;?G% A@ER% ;AP% EI;E%`G% L@M>P%<;SG% DGADG% @\% EIGDG% DE;EG<GAED%`=EI@ME%L@AD=PG?=AJ%EIG%L@AEGgED%=A%`I=LI%EIGN%;?G%MEEG?GP_%)N%L@AE?;DER%.%`;AE%MD%E@%H;N%;EEGAE=@A%E@%EIG%H;?E=LM>;?%L@AEGgED%=A%`I=LI%`G%DHG;S%;Q@ME%HG@H>G% ;D% QG;ME=\M>% @?% A@E_% *A>N% EIGA% L;A% `G% DGG%`I;E% =E% <G;AD% E@%DHG;S%;Q@ME%E?MEI%=A%?G>;E=@A%E@%EIG%L>;=<D%`G%<;SG_%

$IG?G%;?G%@\%L@M?DG%D=EM;E=@AD%=A%`I=LI%?G<;?SD%DMLI%;D%V;>>%E@@%\G`%IM<;A%QG=AJD%;?G%<;DEG?`@?SD%@\%GgLG>>GALGX%a->;DE@D%7137R%c7b%<;N%I;CG%;%H>;LG_%$IGN%<;N%QG%?G<=APG?D%EI;E%.%<NDG>\%\;=>%E@%>=CG%MH%E@%EIG%PG<;APD% .% DGG% =A%?G>;E=@A% E@%@EIG?DR% ;AP% EI;ER% EIG?G\@?GR% .% DI@M>P%A@E%^MPJG% @EIG?% HG@H>G% @?% PG<;AP% @\% EIG<% EI;E% EIGN% >=CG% MH% E@% D@<G%DE;AP;?PD%EI;E%A%DGE%@A%EIG<_%.A%EI;E%DGADG%=E%<;N%?;EIG?%QG%;%L@??GLE=CG%E@%<N%@`A%MAPG?DE;AP=AJ%@\%<NDG>\%EI;A%;%>GDD@A%;Q@ME%@EIG?%HG@H>G_%.A% EIG%`?=E=AJD% @\% EIGDG% HI=>@D@HIG?DR% I@`GCG?R% EIG% ?GL@JA=E=@A% EI;E%HG@H>G%;?G%\>;`GPR%A@%<;DEG?`@?SD%@?%A@E%CG?N%>@C;Q>GR%?;EIG?%DGG<D%E@%GgH?GDD%;%S=AP%@\!.45,HH#4-$'&-$%`=EI%HG@H>G% \@?%A@E%QG=AJ%;Q>G% E@%>=CG%MH%E@%;A%=PG;>_%%

+ - & $ % + % : !

! !

D C D !

$I=D%P=D;HH@=AE<GAE%=D%CG?N%D=<=>;?%E@%EI;E%@\%EIG%>@CG?%`I@%`?@EGR%=A% ;% HG?D@A;>% <GDD;JG% HMQ>=DIGP% =A% ;% /`GP=DI% E;Q>@=PR% VW@A;DR% .%EI@MJIE% N@M% `G?G% ;% P=;<@AP% QME% N@M% `G?G% @A>N% ;% H=GLG% @\% J>;DD_%:@M>PAiE%L;?G%>GDD_X%.E%=D%;>D@%D=<=>;?%E@%EIG%;EE=EMPG%@\%EIG%LNA=L%`I@R%MD=AJ%EIG%D;<G%>;AJM;JG%;D%EI;E%@\%EIG%<GDD;JGR%?GJ;?PD%;>>%HG@H>G%;D%H=GLGD% @\% J>;DDR% @?% ;LLGHED% EI;E% EIG?G% ;?G% D@<G%P=;<@APDR%QME% =AD=DED%EI;E%EIGN%;?G%P=\\=LM>E%E@%\=AP_%*\%L@M?DG%EIG%LNA=L%;AP%EIG%P=D;HH@=AEGP%>@CG?%@\EGA%L@=AL=PG_%)ME%`IN%DI@M>P%`G%?G;P%EI=D%;D%PMG%E@%;%IM<;A%\;=>M?GR%;AP%A@E%E@%;A%G??@AG@MD%=PG;>Z%Y@GD%A@E%EIG%H?@Q>G<%`=EI%EIG%=PG;% EI;E% .% L@M>P% DGE% DE;AP;?PD% \@?% @EIG?% HG@H>G% H?GL=DG>N% >=G% =A% EIG%DMJJGDE=@A%EI;E%=E%=D%<G;A=AJ\M>%E@%L@<H;?G%HG@H>G%E@%<;DEG?`@?SD%=A%;%P=DLMDD=@A%@\%>@CGZ%%

$IG%EGAPGALN%E@%>@@S%\@?%`I;E%`G%@?P=A;?=>N%`@M>P%D;N%=A%;%<;EEG?%=D% ?G>;EGP% E@% EIG% @Q^GLE=C=DE% L@ALGHE=@A% @\% E?MEI% `I=LIR% ;D% .% ;>?G;PN%<GAE=@AGPR% =D% G<Q?;LGP% QN% EIG% A;EM?;>% DL=GALGD_% /IGDE@C% a7115b%PGDL?=QGD% EI=D% L@ALGHE=@A% @\% E?MEI% =A% EI=D%`;N0% V!I;E% =D% E?MG% =D% ;AP%<MDE%QG%D@<GEI=AJ%EI;E%GCG?N@AG%;E%;>>%E=<GD%L;A%H?GDGAE%;AP%;LLGHE%;D%EIG%E?MEIX%a82R%')!$(,-58,$4#-b_%#J;=ADE%EI=D%L@ALGHE=@A%EIG%\;LE%EI;E%HG@H>G%;?G%@\EGA%@\%P=\\G?GAE%<=APD%=A%EIGDG%<;EEG?D%L?G;EGD%;%H?@Q>G<%\@?% DHG;S=AJ%;Q@ME% E?MEI% =A% ?G>;E=@A% E@%`I;E%`G%D;N%;Q@ME%@M?% >@CGP%@AGiD%QG;MEN%=A%>@CG_%.%<=JIE%A@E%@Q^GLE%E@%O?=ALG%D;N=AJ%EI;E%I=D%J=?>%=D%EIG%<@DE%QG;ME=\M>%@AG%=A%EIG%`@?>PR%QME%.%<=JIE%A@E%DGG%IG?%D@_%$I=DR%/@>@<@A%;AP%/=AJG?%DGG<%E@%D;NR%<;SGD%=E%=<H@DD=Q>G%E@%DHG;S%;Q@ME%E?MEI%=A%EIG%VL@<<@AX%DGADG%@\%EIG%`@?P_%%

,GCG?EIG>GDDR% =E% ?G<;=AD% MAL>G;?% `IN% `G% DI@M>P% EI=AS% EI;E% EIG%@H=A=@AD% @\% @EIG?D% DI@M>P% <;EEG?% E@% <G% =A% EI=D% L;DG_% !IGA% PG;>=AJ%`=EI% @Q^GLED% DMLI% ;D% ?G;>% P=;<@APDR% ^G<D% ;AP% DE@AGDR% EIGN% <;N%LG?E;=A>N%<;EEG?_% .%<=JIE% E;SG%;A%IG=?>@@<%E@% EIG% ^G`G>>G?% E@% \=AP%@ME%`IGEIG?%EIG%DE@AG%=D%?G;>%@?%;%H=GLG%@\%J>;DD_%$IG%^G`G>>G?R%;D%;A%GgHG?ER%<;N% EG>>%<G% D@<G% \;LED% ;Q@ME% EIG% DE@AGR%`IGEIG?% =E% =D% ;% P=;<@AP%@?%A@ER%;AP%=A\@?<%<G%@\%=ED%V@Q^GLE=CG%C;>MGXR%EI;E%=D%EIG%C;>MG%=E%I;D%@A%EIG%<;?SGE_%"=D%EG>>=AJ%<G%EI=DR%@\%L@M?DGR%P@GD%A@E%I;CG%E@%LI;AJG%EIG%VDMQ^GLE=CG%C;>MGX%E@%<G%@\%EIG%H=GLG%@\%^G`G>>G?N_%$I=DR%E@%MDG%/=AJG?iD%EG?<=A@>@JNR%H?@C=PGD%MD%`=EI%;%L>G;?%L;DG%@\%;HH?;=D;>%;AP%QGDE@`;>_%"@`GCG?R%`IGA% .% D;N% EI;E% N@M% ;?G% QG;ME=\M>% ;AP%N@M% ;DS%<G% =\% =E% =D%E?MGR%`I;E%P@GD% =E%<;EEG?%`I;E%@EIG?%HG@H>G% EI=ASZ%Y@GD% =E%D;N%<@?G%;Q@ME%<N%D=ALG?=EN%=\% EIG%<;^@?=EN%@\%<N%\?=GAPD%;J?GG%EI;E%N@M%;?G%;%J@@P%L;ELIR%@?%H?@CG%<G%;%>=;?%@?%;%\@@>%=\%@A>N%.%DGG%N@M%;D%DMLIZ%%

$@%^MDE=\N%`IN%EIG%P=DE=ALE=@A%QGE`GGA%;HH?;=D;>%;AP%QGDE@`;>%I;D%;%?@>G%;>D@% =A% EIG%L@AEGgE%@\% >@CGR%/=AJG?%D;NDR%VvIw@`GCG?%DMQE>NR%`G%;?G%;>`;ND% DGEE=AJ%H?=LGD%@A%@EIG?%HG@H>GR% ;AP%@A%@M?DG>CGDX% a713m;R%

> % . & !2# ' % ! ) & ( 7 % + A 7 6 ! 3 + * 6 ! + $ ! % . & !,#* 6 - ? !

!

D C < !

8b_%+AP@MQEGP>N% EI=D% =D% ;% HG?E=AGAE%PGDL?=HE=@A%@\%`I;E%HG@H>G% @\EGA%P@R% QME% =E% =D% A@E% ;E% ;>>% L>G;?%`IN%`G% AGGP% E@% ;LLGHE% EI=D% ;D% ;% <@?G%V@Q^GLE=CGX%L@AE?;DE%E@%EIG%VJ?;EM=E@MDX%;AP%VDMQ^GLE=CGX%?GDH@ADGD%@\%>@CG_%/=AJG?%=D%LG?E;=A>N%?=JIE%=A%;D%\;?%;D%EIG%@QDGDD=CG%`@??N=AJ%;Q@ME%`I;E%@EIG?%HG@H>G%<;N%EI=AS%;Q@ME%EIG%@AG%.%>@CG%I;D%CG?N%>=EE>G%E@%P@%`=EI%>@CG_%"@`GCG?R%QN%EIG%D;<G%E@SGAR%`G%L@M>P%D;N%EI;E%EIG%C;?=@MD%`;ND%@\%VDGEE=AJ%H?=LGD%@A%@EIG?%HG@H>GX%;?G%\;?%\?@<%D;N=AJ%;ANEI=AJ%;Q@ME% EIG=?% V@Q^GLE=CG% C;>MGXR% QME% ?GCG;>% @AG% @\% EIG% P;?S% D=PGD% @\%IM<;A% >=\GR% @M?% ^MPJG<GAE;>=D<R% ;D%`G>>% ;D% @M?% L;>>@MDAGDDR% E@% G;LI%@EIG?_718%%

%!I;E%<=JIE%;EE?;LE%HI=>@D@HIG?D%E@%EIG%A@E=@A%@\%;%JGAG?;>%A@E=@A%@\%VQG;MENX%=D%EI;E%`G%D@<GE=<GD%DHG;S%@\%;EE?;LE=CGAGDD%;D%=\%=E%`G?G%;%H?@HG?EN% `G% L@M>P% PGL=PG% @A% D@<G@AG% I;C=AJ_% .A% LI;HEG?% E`@% .%P=DLMDDGP%=A%`I;E%`;ND%<N%PGDL?=HE=@A%@\%;%D=EM;E=@A%@?%;%HG?D@A%L;A%QG%GgH?GDD=CG%@\%<N%G<@E=@AD%=A%=ER%;AP%.%D;=P%EI;E%EIG?G%=D%;A%=AEG?A;>%?G>;E=@A%QGE`GGA%EIG%G<@E=@AD%D@<G@AG%<;N%;EE?=QMEG%E@%<G%;AP%EIG%PGDL?=HE=@AD%.%J=CG%@\%EIG%D=EM;E=@A%;E%I;AP_%.A%D@<G%D=EM;E=@AD%D;N=AJR%V/IGiD%;EE?;LE=CGX%<;N%I;CG%EIG%D;<G%DGADG%;D%D;N=AJR%V.i<%;EE?;LEGP%E@%IG?X_%jGER%.%H@=AEGP%@ME%EI;E%=A%@EIG?%L;DGD%EI=D%=D%A@E%D@_%$IG?G%<;N%QG%;%J;H%QGE`GGA%`I;E% .% D;N%;Q@ME% D@<G@AG%;AP%`I;E% .% \GG>% \@?%I=<_% .%<;N%D;NR%V"GiD%;EE?;LE=CGXR%;D%;%L@<<GAE%;Q@ME%I=D%>@@SDR%;AP%DE=>>%D;NR%V)ME% .i<% A@E% ;EE?;LEGP% E@% I=<_X%#AP% .%<=JIE% D;N% EIG% @HH@D=EGR% V/IG%<;N%A@E%QG%;EE?;LE=CG% =A% EIG%@?P=A;?N%DGADGR%QME% .i<%DE=>>% ;EE?;LEGP% E@%IG?X_%#D%=A%EIG%D@AJ%V/@<G@AG%E@%!;ELI%@CG?%KGX%QN%hG@?JG%;AP%.?;%hG?DI`=An% KU8$%#0+%! %&! ',)! -#$! ?&! $%&! ',-6! P#'&! +4(85! $%4-C! #*! ,5!%,-.5#'&6!"#!')!%&,($!%&!@,((4&5!$%&!C&)K!%

!IGA%`G%DHG;S%@\%;EE?;LE=CGAGDD%;AP%QG;MEN%=A%L@AL?GEG%D=EM;E=@ADR%@M?%HG?D@A;>% ;EE?;LE=@A% E@% ;A@EIG?%<;N%GAEG?%<@?G%@?% >GDD%@QC=@MD>N%=AE@%`I;E%`G%D;N_%!G%<;N%;>D@%I;CG%P=\\G?GAE%?G;D@AD%\@?%L@<<=EE=AJ%@?% A@E% L@<<=EE=AJ% @M?DG>CGD% E@% <;S=AJ% ;% HG?D@A;>% DE;EG<GAE% =A%P=\\G?GAE%D=EM;E=@AD_%$I=ASR%\@?%=ADE;ALGR%@\%;%L;DG%=A%`I=LI%.%E;>S%`=EI%N@MR%`I@<%.%>@CGR%;Q@ME%D@<G@AG%G>DG%;AP%D;NR%V"GiD%;EE?;LE=CGXR%;AP%EIGA%I;DEGA%E@%;PPR%V)MER%.i<%A@E%;EE?;LEGP%E@%I=<X_%$I=D%<;N%QG%A@E%D@%<MLI%;%L@<<GAE%;Q@ME%<N%;LEM;>%;EE?;LE=@A%E@%I=<%;D%=E%=D%;%DE;EG<GAE%;Q@ME% `I;E% .% =AEGAP% E@% P@% `=EI% =E_% .A% @EIG?% `@?PDR% .% <;N% `G>>% QG%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%718%$I=D%=D%A@E%E@%PGAN%EI;E%=A%<;AN%D=EM;E=@AD%`G%^MPJG%EIG%;HH?@H?=;EGAGDD%@\%HG@H>G%\@?%;%DHGL=\=L%^@QR%EIG=?%DS=>>D%;AP%L@<HGEGALGR%;AP%EI;E%=A%DMLI%L=?LM<DE;ALGD%`G%<;N%G<HI;D=eG% EIG%AGGP% E@%QG%V@Q^GLE=CGX_%!I;E% EI=D% L;>>D% \@?R%I@`GCG?R% =D%A@E%;%JGAG?;>%C=G`H@=AE% \?@<% `I=LI% E@% ^MPJG% =\% ;% HG?D@A% <G;DM?GD% MH% E@% ;% DE;AP;?PR% QME% ;%L@AD=PG?;E=@A%@\%@AGiD%^MPJG<GAED%=A%EIG%>=JIE%@\%\;=?AGDD%;AP%^MDE=LG_%%

+ - & $ % + % : !

! !

D C B !

;EE?;LEGP% E@% I=<R% QME% .% ;<% EG>>=AJ% N@M% A@E% E@% E;SG% EI=D% ;D% ;% EI?G;E%;J;=ADE%N@MR%.%P@%A@E%=AEGAP%E@%;LE%@A%EI=D%;EE?;LE=@A_%$IG%D=EM;E=@A%<;N%GCGA%QGL@<G%<@?G%H?@Q>G<;E=L%=\%.%P@%A@E%;P<=E%<N%;EE?;LE=@A%E@%I=<_%

$I=D% DI=\E% =A% HG?DHGLE=CGDR% I@`GCG?R% QGL@<GD% H?@Q>G<;E=LR% =\R% ;D%<;AN%HI=>@D@HIG?D% DGG<% E@R% @AG% E;SGD% EI=D% ;D%J?;AE=AJ% EI;E%`G%<;N%DHG;S%JGAG?;>>N%;Q@ME%;EE?;LE=CGAGDD%;AP%QG;MENR%`=EI@ME%L@AD=PG?=AJ%EIG%S=AP%@\%;HH?GL=;E=@A%;AP%>@CG%@\%`I=LI%=E%<;N%QG%GgH?GDD=CG_%&CGA%<@?GR%=E%=D%H?@Q>G<;E=L%=\%@AG%EI=ASD%EI;E%EI=D%VAGME?;>X%MDG%=D%=A%D@<G%`;ND%H?=<;?N%E@%EIG%GgH?GDD=@A%@\%;HH?GL=;E=@A%;AP%>@CG_%&CGA%=\%`G%<;N% DHG;S% @\% ;EE?;LE=CGAGDD% ;AP% >@@SD% =A% ;A% =<HG?D@A;>% <;AAG?R%L@<<GAE=AJ% @A% QG;MEN% BMGGADR% @M?% P=\\G?GAE%`;ND% @\% E;>S=AJ% ;Q@ME%QG;MEN% ;AP% ;EE?;LE=CGAGDD% =D% =AEG?A;>>N% ?G>;EGP% E@% @M?% H?;LE=LGD% @\%;HH?GL=;E=AJR% H?;=D=AJ% ;AP% >@C=AJR% ;AP% =A% AGJ;E=CG% L;DGDR% GACN=AJR%I;E=AJR%QG=AJ%LNA=L;>%@?%Q=EEG?_%%

$I=D% =D% H;?E=LM>;?>N% L>G;?% `IGA% L@AD=PG?=AJ% EIG% S=AP% @\% <G;A=AJ%DHG;S=AJ%;Q@ME%QG;MEN%<;N%I;CG%=A% >@CG_% .E% =D%GDDGAE=;>% E@%`I;E%.%D;N%;Q@ME%N@M?%QG;MEN%EI;E%.%D;N%=E%=A%;%HG?D@A;>%DGADG_%!I;E%N@M%`;AE%E@%IG;?%=A%>@CG%=D%A@E%EI;E%V@EIG?D%`@M>P%\=AP%N@M%;EE?;LE=CGXR%QME%Gg;LE>N%EI;E% A% P@_% &CGA% =\% N@M% ;?G% L@AD=PG?GP% E@% QG% ;EE?;LE=CG% =A% EIG% JGAG?;>%DGADGR% =E%<;N%QG%=<H@?E;AE%E@%N@M%EI;E%EIG%DGADG% =A%`I=LI%.% \=AP%N@M%QG;ME=\M>%=D%P=\\G?GAE%\?@<%EIGDG%JGAG?;>%L@AD=PG?;E=@AD_%%

.A%EI;E%DGADGR% EIG%HG?D@A;>%P=<GAD=@A%=D%L@ADE=EME=CG%@\%`I;E%.%L;A%QG%D;=P%E@%D;N_%/MHH@DG%EI;E%.%;<%?G;>>N%;DS=AJ%;%\?=GAP%\@?%;PC=LG% =A%EIG%<;EEG?_% .% ;<%;Q@ME% E@%<;??NR%;AP% .%;<%I;C=AJ%VL@>P% \GGEX_% .% D;NR%V"GiD% ?G;>>N% J?G;ER% ;AP% ;>>z% .% ?G;>>N% P@% \=AP% I=<% ;EE?;LE=CGXR% QME% ;%VQMEX% =D% DE=>>% >=AJG?=AJ% =A% EIG%;=?_%,@`R%@\%L@M?DG%<N% \?=GAP%<;N%D;N%D@<GEI=AJ%EI;E%IG>HD%<G%=A%EI=D%<;EEG?_%V.\%.%`G?G%=A%N@M?%DI@GDR%.iPzX%@?% Vj@M% SA@`% IG% ?G;>>N% L;?GD% \@?% N@M_X% /IG% <;N% @\\G?% JM=P;ALG% =A%L>;?=\N=AJ%<N%EI@MJIED0%#<%.R%D;NR%GAEG?E;=A=AJ%P@MQED%;D%E@%`IGEIG?%.%?G;>>N% 8#3&% I=<R% V.D% =E% ^MDE% \?=GAPDI=H% @?% =A\;EM;E=@AZX% @?% `IGEIG?% .%?G;>>N%>@CG%%4'R%VY@%.%^MDE%>@CG%EIG%=PG;%@\%QG=AJ%<;??=GPZX%"@`GCG?R%`I;EGCG?% DIG% D;NDR% DIG% L;AA@E% DEGH% =AE@% <N% DI@GD% ;AP% <;SG% <N%PGL=D=@A_%.\%.%EG>>%<N%\=;ALdR%V.%`;D%I;C=AJ%D@<G%P@MQEDR%QME%<N%\?=GAP%E@>P%<G%N@M%`G?G%`@?EI%=EXR%IG%`@M>P%H?@Q;Q>N%A@E%`;AE%E@%<;??N%<G_%%

"G?G%@AG%DI@M>P%;>D@%?G<G<QG?%EI;E%<N%\?=GAP%=D%A@E% ^MDE%;%<@?G%V@Q^GLE=CGX% @QDG?CG?% @\% EIG% QG;MEN% @?% J?G;EAGDD% @\% <N% H?@DHGLE=CG%IMDQ;APR% QME% EI;E%`I;E% DIG% EI=ASD% ;AP% \GG>D% ;Q@ME% I=<% ;>D@%H>;ND% ;%?@>G% =A% EIG%;PC=LG% DIG%J=CGD_%Y@GD% DIG% E;SG% EI=D%;D%;A%@HH@?EMA=EN% E@%E;>S%<G%@ME%@\%;%<;??=;JG%EI;E%DIG%EI=ASD%=D%;%>@DE%L;MDGR%@?%=D%DIG%GCGA%<@?G%H@D=E=CG%E@%<N%<;??N=AJ%EI;A%.%;<R%@?%EI;E%.%I;CG%?G;D@A%E@%QG%a=A%@EIG?%`@?PDR%.%P@%A@E%>@CG%I=<b_%.<;J=AGR%\@?%=ADE;ALGR%EI;E%.%>;EG?%\=AP%

> % . & !2# ' % ! ) & ( 7 % + A 7 6 ! 3 + * 6 ! + $ ! % . & !,#* 6 - ? !

!

D C I !

@ME%EI;E%<N%\?=GAP%`;D%A@E%@A>N%;PC=D=AJ%<G%;D%;%\?=GAPR%QME%EI;E%DIGR%E@@R%`;D%DGL?GE>N%=A%>@CG%`=EI%<N%\=;ALd_%.%P@%A@E%`;AE%E@%D;N%;ANEI=AJ%;Q@ME%`I;E%S=AP%@\%<G;A=AJ%\=AP=AJ%EI=D%@ME%<;N%I;CGR%@?%GCGA%>GDDR%`I;E%<G;A=AJ%=E%DI@M>P%I;CG_%,GCG?EIG>GDDR%=E% =D%L@ALG=C;Q>G%EI;E%<N%?G;LE=@A% E@% EI=D% ?GCG>;E=@A%<;N%QG%@AG%@\%;`S`;?PAGDDR% D;PAGDD% a\@?%<N% \?=GAP% QG=AJ% MAI;HH=>N% =A% >@CGbR% @?% @\% ;% \G>E% QGE?;N;>_% a/MLI% ;%?G;LE=@A% `@M>P% H?@Q;Q>N% QG% <@?G% @QC=@MD% =\% <N% \?=GAP% `;D% ;>D@%GAL@M?;J=AJ%<G%A@E%E@%QG%`=EI%<N%>@CG?R%H@=AE=AJ%@ME%I=D%\;M>ED_b%%

.%I;CG%@\\G?GP%EIGDG%Gg;<H>GD%;D%;%?G<=APG?%EI;E%`I;E%=D%<G;AE%QN%E;>S=AJ% ;Q@ME% D@<G@AGiD% QG;MEN% =D% PGHGAPGAE% @A% EIG% H;?E=LM>;?%D=EM;E=@A% ;AP% EIG% L@ALG?AD% EI;E% ;?G% QG=AJ% GgH?GDDGP%QN% EIGDG%`@?PD_%,@`R% E?;P=E=@A;>>N% HI=>@D@HIN% I;D% A@E% QGGA% CG?N% <MLI% L@ALG?AGP%`=EI% EIG%H;?E=LM>;?_712%l;EIG?%H;?E=LM>;?=EN% =D%@\EGA% E;SGA%;D%;%\@?<%@\%H;?E=;>=ENR%;AP%EIG%H;?E=LM>;?%=AP=C=PM;>R%;D%`G>>%;D%EIG%H;?E=LM>;?%L;DGR%;?G% PGG<GP% =??G>GC;AE% =A% EIG% DG;?LI% \@?% JGAG?;>% H?=AL=H>GD_% .A% EIG%\@>>@`=AJ%DGLE=@A%.%E?N%E@%DI@`%`IN%EI=D%GBM;E=@A%@\%H;?E=LM>;?=EN%`=EI%H;?E=;>=EN% =D% MA^MDE=\=GPR% QN% L@AD=PG?=AJ% I@`% BMGDE=@AD% ;Q@ME% E?M>N%SA@`=AJ% EIG% @EIG?% @?% @AGDG>\% =A% >@CG% L;A% QG% DGGA% =A% L@AE?;DE% E@%=PG;>=e=AJ%EIG%@EIG?R%@AGDG>\%@?%EIG%?G>;E=@ADI=H_%.%;>D@%;EEG<HE%E@%DI@`%I@`%QG;MEN%<;N%A@E%@A>N%?GCG;>%EIG%@EIG?%E@%MD%=A%>@CG%QME%<;N%;>D@%QG%D;=P%E@%<=D>G;P%MD%=A%DMLI%L;DGD_%%

+ + !#7*!'%*7336&'!,+%.!*&(6+%:!

$IG%H=LEM?G%@\% EIG%HG?D@A;>% ;D% D@<GEI=AJ% EI;E%P=DE@?ED% EIG% E?MEI%@\% ;%<;EEG?% I;D% ;% H>;LG%`=EI=A% EIG%A;EM?;>% DL=GALGD_%"G?G% EIG?G% =D% ;% L>G;?%DGADG% =A% `I=LI% <N% DMQ^GLE=CG% ?GDH@ADGD% aQ=;Db% <;N% MA=AEGAE=@A;>>N%P=DE@?E% EIG% ?GDM>ED% .% ?G;LI% =A% <N% GgHG?=<GAED% ;AP% >G;P% E@% ;%<=D?GH?GDGAE;E=@A%@\%`I;E%I;D%I;HHGAGP_%.A%EI=D%L;DGR% EIG%AGGP%E@%QG%;Q>G% E@% ?GHG;E% ;A% GgHG?=<GAE% ;AP% ?GH@?E% ?GDM>ED% EI;E% ;AN@AG% L@M>P%;J?GG% MH@A% =D% D=JA=\=L;AE% \@?% 7%,$% C4-.% @\% H?;LE=LG% EIG% DL=GAE=\=L%=ACGDE=J;E=@A%=D_%*M?%P=\\G?GAE%H?;LE=LGD%@\%EG>>=AJ%D@<G@AG%IG%@?%DIG%=D%QG;ME=\M>R%I@`GCG?R%;?G%;%P=\\G?GAE%<;EEG?_%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%712% .A%<;AN%\=G>PD% EIG?G% =D%;A%MHDM?JG%@\%A@EG`@?EIN%L?=E=L=D<%;J;=ADE% EI=D% EGAPGALN_%/GG%G_J_%EIG%C@>M<G%G#''#-,84$)!,-.!V,($4@08,(4$)!4-!T$%4@5!a#>;AGA%GE%;>_%7112b_%!=EI=A%EIG%!=EEJGADEG=A=;A% E?;P=E=@A%@AG%<;N%<GAE=@A% EIG%`?=E=AJD% @\%l;=<@AP%h;=E;R%l_T_%"@>>;APR% OGEG?% !=ALIR% ;AP% \M?EIG?% EIG% HI=>@D@HIN% @\% .?=D% KM?P@LIR% /=<@AG% !G=>R%K;?E=A%)MQG?%;AP%&<<;AMG>%'dC=A;D_%%

+ - & $ % + % : !

! !

D C C !

T=?DE%@\%;>>R%EIG%\;LE%EI;E%EIG?G%=D%A@%JGAG?;>%;J?GG<GAE%;Q@ME%`I@%=D%QG;ME=\M>% P@GD% A@E% J=CG% MD% @LL;D=@A% E@% EI=AS% EI;E% EIG% @AG% `I@% DGGD%QG;MEN%`IG?G% @EIG?D%P@%A@E% AGLGDD;?=>N% =D%<;S=AJ% ;%<=DE;SG_%#D%`G%`=>>%DGG%>;EG?%=A%EIG%P=DLMDD=@A%EIG%DGADG% =A%`I=LI%`G%<;N%QG%D;=P%E@%<=DE;SG%@M?DG>CGD%;Q@ME%EIG%E?MG%QG;MEN%@\%D@<G@AGR%=D%;>D@%@\%;A@EIG?%S=AP% EI;A% <=DE;S=AJ% @AGDG>\% ;Q@ME% D@<G% \;LED_% TM?EIG?<@?GR% =A% EIG%L@AEGgE%@\%>@CGR%EIG?G%=D%;%BMGDE=@A%A@E%@A>N%;Q@ME%`IGEIG?%@AG%DHG;SD%EIG% E?MEIR% =A% EIG% DGADG% EI;E%`I;E% @AG% D;ND% L@ACGND% EIG% E?MG% DE;EG% @\%;\\;=?DR%QME%`IGEIG?%@AG%45!$(0&!$#!#-&W5!7#(.5R%;AP%\M?EIG?<@?G%$(0&%$#!&,@%! #$%&(_% $IG% IG;?E% @\% EIG% PGLGHE=@A% =A% ;% DLGAG% @\% DGPMLE=@AR% ;D% =E%`G?GR%P@GD%A@E%>=G%=A%EIG%DGPMLG?iD%\;=>M?G%E@%?GH?GDGAE%?G;>=EN%L@??GLE>N_%K;AN%<;N%;J?GG%EI;E%EIG%@AG%`I@%=D%QG=AJ%DGPMLGP%=D%;EE?;LE=CG% =A%;%<@?G%JGAG?;>%DGADGR%EI=D%<;N%GCGA%QG%EIG%?G;D@A%\@?%EIG%DGPMLG?%E@%E?N%E@%DGPMLG%IG?_%$IG%PGLGHE=@A%@\%EIG%DGPMLG?%?;EIG?%>=GD%=A%I=D%A@E%QG=AJ%=A%I=D%`@?PD_%"=D%`@?PD%;?G%A@E%EIG%GgH?GDD=@AD%@\%>@CG%;AP%PGC@E=@A%EIGN%H?GEGAP%E@%QG%QME%;%<G;AD%@\%DGPMLE=@A_%%

!IGA%/@>@<@AR%EIMDR%D;NDR%=\%.%>@CG%N@M%QGL;MDG%N@MiCG%E@>P%<G%EI;E%N@Mi?G%EIG%=>>GJ=E=<;EG%P;MJIEG?%@\%WG;A4O;M>%/;?E?GR%;AP%.%\=AP%@ME%EI;E%EI;EiD%A@E%E?MGR%EI;EiD% EIG%GAP%@\%<N%>@CG4A@E%QGL;MDG%N@M%I;CG%>=GP%E@%<GR%QME%QGL;MDG% <N% ?G;D@A% \@?% >@C=AJ% N@M% I;D% P=D;HHG;?GP_% a/@>@<@A%711FR%722b%

<;N%`G% A@E% D;N% EI;E% =E% =D% H?GL=DG>N% EIG% @EIG?%`;N% ;?@MAPZ% $I;E% =DR%`I;E%IM?ED%;AP%P=D;HH@=AED%<G%=A%DMLI%L;DGD%=D%H?GL=DG>N%EIG%\;LE%EI;E%N@M%I;CG%>=GP%E@%<G_%j@M%`G?G%A@E%E?MG%E@%N@M?%`@?PD_%$@%H@?E?;N%EIG%?G;>=e;E=@A%EI;E%D@<G@AG%V`;D%A@E%;%P=;<@APR%QME%;%H=GLG%@\%J>;DDX%;D%;%D=<H>G%<;EEG?%@\%J;=A=AJ%;%L>G;?G?%C=G`%@\%EIG%\;LED%I=PGD%EIG%\;LE%EI;E%EIG%?G;>%<G;A=AJ%@\%P=DL@CG?=AJ%`I@%D@<G@AG%E?M>N%=D%=A%DMLI%;%L;DGR%=D% D@<GEI=AJ% EI;E% I;D% E@% P@% `=EI% >=GD% ;AP% QGE?;N;>R% E?MDE% ;AP%PGLGHE=@ADR% J?@`=AJ% L>@DG% E@% @EIG?%HG@H>GR% DI;?=AJ% ;% >=\G%`=EI% EIG<_%/;N=AJR%Vj@M%;?G%;%H=GLG%@\%J>;DDX%?GCG;>D%<N%P=D;HH@=AE<GAE%=A%N@MR%EIG%I@HGD%;AP%P?G;<D%.%GAEG?E;=AGP%=A%?G>;E=@A%E@%N@M%;AP%I@`%N@M%>GE%EIG<% ;AP% <G% P@`A_% $IG% >G;DE% `G% L@M>P% D;N% =D% EI;E% <N% ?G>;E=@A% E@%LG?E;=A%\;LED%I;D%LI;AJGP_%.E%=D%<@?G%EG>>=AJ%E@%D;N%EI;E%<N%7%#8&%`;N%@\%>@@S=AJ% ;E% N@M% ;AP% <NDG>\R% GCGA% >=\GR% I;D% LI;AJGP_% .A^M?GP% QN% EIG%GgHG?=GALG%.%<;N%QGL@<G%LNA=L;>%;AP%P=DE?MDE\M>R%?G\MD=AJ%E@%>GE%@EIG?%HG@H>G%=AE@%<N%>=\G%;J;=A%\@?%\G;?%@\%@ALG%<@?G%JGEE=AJ%IM?E_%%

.A% ;% L@<<GAE% @A% O>;E@% DHG;S=AJ% ;Q@ME% EIG% >@CG% @\% E?MEIR% /=<@AG%!G=>% P?;`D% ;EEGAE=@A% E@% EI=D% ;DHGLE% @\% E;>S=AJ% ;Q@ME% E?MEI% =A% EIG%L@AEGgE%@\%>@CG_%/IG%`?=EGDR%%

> % . & !2# ' % ! ) & ( 7 % + A 7 6 ! 3 + * 6 ! + $ ! % . & !,#* 6 - ? !

!

D C = !

'@CG%@\%E?MEI%=D%A@E%;%L@??GLE%\@?<%@\%GgH?GDD=@A_%$?MEI%=D%A@E%;A%@Q^GLE% @\% >@CG_% .E% =D% A@E% ;A% @Q^GLE% ;E% ;>>_% !I;E% @AG% >@CGD% =D%D@<GEI=AJ%`I=LI% Gg=DEDR%`I=LI% @AG% EI=ASD% @AR% ;AP%`I=LI%<;N%IGALG%QG%;A%@LL;D=@A% \@?% E?MEI%;AP%G??@?_%#% E?MEI% =D%;>`;ND% EIG%E?MEI% `=EI% ?G\G?GALG% E@% D@<GEI=AJ_% $?MEI% =D% EIG% ?;P=;AE%<;A=\GDE;E=@A% @\% ?G;>=EN_% $?MEI% =D% A@E% EIG% @Q^GLE% @\% >@CG% QME%?G;>=EN_%$@%PGD=?G%E?MEI%=D%E@%PGD=?G%P=?GLE%L@AE;LE%`=EI%;%H=GLG%@\%?G;>=EN_% $@%PGD=?G% L@AE;LE%`=EI% ;% H=GLG% @\% ?G;>=EN% =D% E@% >@CG_%!G%PGD=?G%E?MEI%@A>N%=A%@?PG?%E@%>@CG%=A%E?MEI_%!G%PGD=?G%E@%SA@`%EIG%E?MEI%;Q@ME%`I;E%`G%>@CG_%.ADEG;P%@\%E;>S=AJ%;Q@ME%>@CG%@\%E?MEIR%=E%`@M>P%QG%QGEEG?%E@%E;>S%;Q@ME%$%&!5H4(4$!#*!$(0$%!4-!8#3&_%%OM?G% ;AP% JGAM=AG% >@CG% ;>`;ND% PGD=?GD% ;Q@CG% ;>>% E@% P`G>>%

`I@>>N% =A%EIG%E?MEI%`I;EGCG?% =E%<;N%QGR%MAL@AP=E=@A;>>N_%&CG?N%@EIG?% D@?E% @\% >@CG% PGD=?GD% QG\@?G% ;ANEI=AJ% G>DG% <G;AD% @\%D;E=D\;LE=@AR% ;AP% \@?% EI=D% ?G;D@A% =D% ;% D@M?LG% @\% G??@?% ;AP%\;>DGI@@P_%OM?G%;AP%JGAM=AG%>@CG%=D%=A%=EDG>\%DH=?=E%@\%E?MEI_%a!G=>%7123R%6m6R%')!&'H%,545b713%

$I=D%DGADG% =A%`I=LI%`G%<;N%E;>S%;Q@ME% >=C=AJ%=A%E?MEI%;D%@HH@DGP%E@%>=C=AJ%;% >=G% =A% >@CGR% =D%BM=EG%P=DE=ALE% \?@<%D;N=AJ%EI;E%`G%DI@M>P%@A>N%D;N%EI=AJD%EI;E%L@??GLE>N%?GH?GDGAE%?G;>=EN_711%V$@%PGD=?G%L@AE;LE%`=EI%;%H=GLG%@\%?G;>=ENX%=A%EIG%`;N%!G=>%=PGAE=\=GD%`=EI%>@CG%=D%A@E%D=<H>NR%@?%@A>NR%E@%`;AE%;%DL=GAE=\=L%GgH>;A;E=@A%@\%EIG%L@ADE=EMGAED%@\%EIG%`@?>P_%$IG%`;N% =A%`I=LI%!G=>% DHG;SD% @\% ?G;>=EN% L>G;?>N% QG>@AJD% E@% ;%<@?;>%L@AEGgE_%%

$I=D%=D%GBM;>>N%E?MG%@\%.?=D%KM?P@LI%a7112bR%`IGA%DIG%D;NDR%V'@CG%=D%EIG% HG?LGHE=@A% @\% =AP=C=PM;>D_% '@CG% =D% EIG% GgE?G<G>N% P=\\=LM>E%?G;>=e;E=@A%EI;E%D@<GEI=AJ%@EIG?%EI;A%@AGDG>\%=D%?G;>_%'@CGR%;AP%D@%;?E%;AP%<@?;>DR%=D%EIG%P=DL@CG?N%@\%?G;>=ENX%a675b_%.A%EI=D%BM@EGR%KM?P@LI%Q?=AJD%E@JGEIG?%A@E=@AD%EI;E%;?G%A@E%JGAG?;>>N%DMHH@DGP%E@%<;ELI_%/IG%DHG;SD%@\%;?EDR%<@?;>D%;AP%>@CGR%;AP%DIG%DHG;SD%@\%?G;>=EN_%&CGA%<@?GR%DIG% L>;=<D% EI;E% EIGDG% I;CG% D@<GEI=AJ% E@% P@% `=EI% G;LI% @EIG?_% /GE%;J;=ADE% EIG%Q;LSJ?@MAP%@\%;%<@?G%DL=GAE=\=L%MAPG?DE;AP=AJ%@\%?G;>=ENR%EI=D% =D%MAP@MQEGP>N%;%DE?;AJG%L>;=<_%!IN%`@M>P%=E%QG%P=\\=LM>E% E@%JGE%I@>P%@\%?G;>=ENZ%#AP%`I;E%P@GD%=E%I;CG%E@%P@%`=EI%>@CGZ%$@%<;SG%DGADG%@\% EI=D% L>;=<% =E% =D% =<H@?E;AE% E@% ?GL@JA=eG% EI;E% =A% DHG;S=AJ% ;Q@ME%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%713%!IGA%!G=>% DHG;SD% @\% EIG% ?G>;E=@A%QGE`GGA% E?MEIR% ?G;>=EN% ;AP% >@CGR% DIG% =D%<;S=AJ%J?;<<;E=L;>%H@=AED%;Q@ME%EIG%MDG%@\%EIGDG%`@?PD_%$IGN%;?G%A@E%DE;EG<GAED%;Q@ME%I@`%`G%>=CG_%%711%.E%<;N%\M?EIG?%QG%D;=P%EI;E%EI=D%DGADG%@\%QG=AJ%E?MG%E@%G;LI%@EIG?%=D%;%H?GDMHH@D=E=@A%@\% >;AJM;JG% ;APR% EIMDR% L@ADE=EME=CG% @\% `I;E% =E% <;N% <G;A% E@% DHG;S% @\% D@<GEI=AJ%VL@??GDH@AP=AJ%`=EI%?G;>=ENXR%GCGA%=\%HI=>@D@HIG?D%I;CG%@\EGA%L@ADE?MGP%EIG%?G>;E=@A%EIG%@EIG?%`;N%;?@MAP_%

+ - & $ % + % : !

! !

D C H !

V?GL@JA=e=AJ%EIG%?G;>=EN%@\%EIG%@EIG?X%@AG%=D%<;S=AJ%;%<@?;>%H@=AE_%$IG%P=\\=LM>E=GD% E@% L@<G% E@% J?=HD%`=EI% ?G;>=EN% EI;E%KM?P@LI% =D% PGDL?=Q=AJ%;?G%<@?;>%P=\\=LM>E=GD_%%

.\% @AG% L@AD=PG?D% EIG% BMGDE=@A% @\% `I@% N@M% ;?G% ;D% ;% HDNLI@>@J=L;>%BMGDE=@AR%=E%=D%G;DN%E@%EI=AS%EI;E%<N%P=\\=LM>E=GD%@\%L@<=AJ%E@%SA@`%N@M%;?G% H?=<;?=>N% L@ADE=EMEGP% QN% EIG% L@<H>Gg=EN% @\% <;HH=AJ% @ME% EIG%<N?=;P% @\% EI@MJIEDR% `;AEDR% `=DIGDR% ;AP% G<@E=@AD% `I=LI% <;N% QG%EI@MJIE% E@% L@ADE=EMEG% N@M?% HDNLIG% @?% HG?D@A;>=EN_% $IG% BM@EG% QN%KM?P@LIR%I@`GCG?R% =AC=EGD%MD% E@% ?GL@AD=PG?% EIG%BMGDE=@AR% DMJJGDE=AJ%EI;E% <N% P=\\=LM>E=GD% @\% SA@`=AJ% Q@EI% @EIG?D% ;AP% <NDG>\% ;?G% @\% ;%P=\\G?GAE%S=AP%EI;A%EIG%P=\\=LM>E=GD%@\%DHG>>=AJ%@ME%EIG%L@<H>Gg=E=GD%@\%EIG%<=AP_%$IG%BM@EG%;>D@%=AC=EGD%MD%E@%?GL@AD=PG?%@M?%A@E=@A%@\%?G;>=ENR%QN%?G<=AP=AJ%MD%EI;E% xQG;MENiR% xJ@@PAGDDiR% x>@CGi%;?G%;D%<MLI%H;?E%@\%@M?% L@ACG?D;E=@AD% ;Q@ME% x?G;>=ENi& ;D% ;?G% ?@LSDR% ;E@<DR% <=AG?;>D% ;AP%I@MDGD_%

.\%;AN@AG%=D%HMee>GP%QN%EIG%DMJJGDE=@A%EI;E%V?G;>=ENX%L;A%QG%D;=P%E@%QG>@AJ%E@%;%<@?;>%L@AEGgER%=E%<;N%IG>H%E@%?G<G<QG?%EI;E%D@<G@AG%<;N%DHG;S%@\%EIG%AGGP%E@%QG%V?G<=APGP%@\%`I;E%=D%?G;>X%@?%L@AD=PG?%LG?E;=A%;DHGLED%@\%IG?%>=\G%;D%>GDD%V?G;>X%EI;A%@EIG?D_%$I=AS%\@?%=ADE;ALG%@\%EIG%DE;?%`I@%L@<=AJ%I@<G%E@%I=D%LI=>P?GA%D;ND0%V$I=D% =D%`I;EiD% ?G;>_%#>>%EI;E% \;<G% ;AP% \@?EMAG% =D% ^MDE% ;A% =>>MD=@A_X%*AG%<;N%@\% L@M?DG% ;?JMG%EI;E% EI=D%S=AP%@\% E;>S% =D%@A>N%<GE;HI@?=L;>R% QME% EIGA%@AG%I;D% ;>?G;PN%DMQDL?=QGP%E@%;%LG?E;=A%L@ALGHE=@A%@\%V?G;>=ENX%EI;E%\@?LGD%@AG%E@%E;SG%LG?E;=A%;LEM;>%MDGD%@\%EIG%`@?PD%>GDD%DG?=@MD>N%EI;A%@EIG?D_%.\R%I@`GCG?R%`G%`;AE%E@%PGGHGA%@M?%MAPG?DE;AP=AJ%@\%EI=D%L@ALGHER%`G%AGGP%E@%E;SG%EIGDG%S=APD%@\%DE;EG<GAE%;Q@ME%?G;>=EN%;D%DG?=@MD>N%;D%`G%P@%DL=GAE=\=L%\@?<M>;E=@AD_% $I=D% =D% ;>D@% ;A% =AC=E;E=@A% E@% ;>>@`% @M?% EI=AS=AJ% ;Q@ME%EIGDG%L@ALGHED%E@%LI;AJG%PGHGAP=AJ%@A%`I;E%`G%>G;?A%QN%P@=AJ%D@_%%

/=<@AG% !G=>% a7122bR% `I@DG% `?=E=AJ% ;>D@% =ADH=?GP% KM?P@LI%L@<<GAED0% X)G>=G\% =A% EIG% Gg=DEGALG% @\% @EIG?% HG@H>G% ;D% DMLI% =D% >@CGX%ac51b_% ,@`R% HI=>@D@HI=L;>% P=DLMDD=@AD% ;Q@ME% EIG% Gg=DEGALG% @\% @EIG?%HG@H>G% ;AP% EIG% GgEG?A;>% `@?>P% I;CG% @\EGA% E;SGA% H>;LG% ;J;=ADE% EIG%Q;LSJ?@MAP% @\% EIG% :;?EGD=;A% <GP=E;E=@AD% ;Q@ME% LG?E;=A% SA@`>GPJG%;AP% I@`% \;?% =E% <;N% GgEGAP_% T@LMD=AJ% >;?JG>N% @A% GH=DEG<@>@J=L;>%BMGDE=@ADR% EIGN%;DSR% V!I;E% L;A%`G%SA@`%;AP%I@`%P@%`G%SA@`% =EZX%"@`GCG?R%GCGA%=\%=E%=D%H@DD=Q>G%E@%L@MAEG?%EIG%P@MQED%@\%EIG%:;?EGD=;A%DLGHE=L% ;AP% EIG% S=AP% @\% HI=>@D@HI=L;>% D@>=HD=D<% IG% ?GH?GDGAEDR% QN%DI@`=AJ% =A% `I;E% `;N% I=D% H@D=E=@A% =D% MAEGA;Q>GR% `G% I;CG% A@E% NGE%L@MAEG?GP%;%P=\\G?GAE%S=AP%@\%D@>=HD=D<R%@?%?;EIG?%>@AG>=AGDDR%EI;E%<;N%

> % . & !2# ' % ! ) & ( 7 % + A 7 6 ! 3 + * 6 ! + $ ! % . & !,#* 6 - ? !

!

D C @ !

H>;JMG%HG@H>G_6FF%#D%`G%`=>>%DGGR%EIG?G%;?G%`;ND%@\%x>=C=AJ%;%P?G;<i%@?%GAEG?E;=A=AJ% =>>MD=@AD% ;Q@ME% EIG% `@?>P% EI;E% P@% A@E% L@ALG?A% EIG%Gg=DEGALG%@\%@EIG?%<=APD%@?%@\%EIG%`@?>P_%%

!I;E%=E%<G;AD%E@%V\;LG%EIG%E?MEIX%@?%VL@A\?@AE%?G;>=ENX%=A%EI=D%DGADGR%;AP% EI=D% =D% EIG% DGADG% =A% `I=LI% .% EI=AS% Q@EI%KM?P@LI% ;AP%!G=>% ;?G%DHG;S=AJR% =D%?;EIG?%L@AAGLEGP%`=EI%@M?% >=CGD%74$%%@EIG?%HG@H>G_%"G?GR%EIG% \;LE% EI;E% @EIG?% IM<;A% QG=AJD% =AI;Q=E%<N%`@?>PR% ;AP% EI;E% V<NX%`@?>P% =D% ;%`@?>P% .% DI;?G%`=EI% EIG<R% =D% ;% L@ADE=EME=CG% \G;EM?G% @\% EIG%S=APD%@\%H?@Q>G<D%.%<;N%GgHG?=GALG_%!I;E%`G%;?G%PG;>=AJ%`=EI%IG?G%=D%A@E%D@%<MLI%;%P@MQE%;Q@ME%EIG%?G;>=EN%@\%@EIG?D%;D%;%?84-.-&55!E@%EIG<R%;APR%`I;E%\@>>@`D%\?@<%EI=DR%;%Q>=APAGDD%E@`;?PD%<NDG>\R%D=ALG%=E%=D%=A%?G>;E=@A% E@% @EIG?D% EI;E% .% QGL@<G% ;`;?G% @\% <N% @`A% ?G;>=EN% ;AP% EIG%<G;A=AJ%@\%<N%;LE=@AD_%%

:@AD=PG?%;%`=\G%`I@%P@GD%A@E%DGG<%E@%\M>>N%;LSA@`>GPJG%EI;E%IG?%IMDQ;AP%=D%MAE?MGR%PGDH=EG%EIG%@CG?`IG><=AJ%GC=PGALG_%/IG%P=D<=DDGD%\?=GAP>N%;EEG<HED%E@%Q?=AJ%MH%EIG%DMQ^GLE_%/IG%L;AA@E%Q?=AJ%IG?DG>\% E@%MEEG?% @?% GCGA% EI=AS% EIG% `@?PD% VLIG;E=AJX% @?% V=A\=PG>=ENX_6F7% $IG% \M>>%GgEGAE%@\%`I;E%I;D%I;HHGAGP%I;D%A@ER%;D%@AG%D;NDR%DMAS%=A_%*?%EI=AS%@\%EIG%LIG;E=AJ%IMDQ;AP%`I@%EM?AD%P@`A%;AN%;EEG<HE%E@%?GJ;?P%I=D%;\\;=?%;D% I;?<\M>% E@% G=EIG?% I=D% `=\G% @?% I=D%<;??=;JGR% A@E% A@E=L=AJ% EI;E% EI=D%PGA=;>%<;N%QG%;D%I;?<\M>%;D%I=D%LIG;E=AJ_%"G%D;NDR%V$I=D% =D%<N%@`A%QMD=AGDD_% .E% P@GDAiE% L@ALG?A% IG?X_% *?R% V*M?% <;??=;JG% `;D% PG;P%;AN`;NXp;D%=\%I=D%I;C=AJ%;A%;\\;=?%`;D%A@E%NGE%;A@EIG?%DEGH%E@%S=>>=AJ%=E_%%

.A% EIGDG%L;DGD% =E% =D%L>G;?%EI;E%`G%L;AA@E%DGH;?;EG%`I;E% =E% =D% E@% \;LG%?G;>=EN%\?@<%EIG%<@?;>%P=\\=LM>E=GD%EIG%`=\G%;AP%IMDQ;AP%<;N%I;CG%=A%;LLGHE=AJ%E@%?GJ;?P%`I;E%I;D%I;HHGAGP%=A%EIG%>=JIE%@\%LIG;E=AJ_%$I=D%=AC@>CGD%@`A=AJ%MH%E@%`I;E%Q@EI%@\%EIG<%<;N%I;CG%P@AG%E@%L?G;EG%EIG%H?@Q>G<D%=A%EIG=?%<;??=;JG%@?%I@`%EIGN%I;CG%\;=>GP%E@%D@>CG%EIG<R%;D%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%6FF%Y=><;A%a7132b%DHG;SD%;Q@ME%@M?%P=\\=LM>E=GD%E@%L;?G%;Q@ME%@EIG?%HG@H>G%;D%X;\\GLE=CG%D@>=HD=D<X%a7F14777b_%6F7%:\_%:@LSQM?A%a6FFcb0%V!I=>G%EIG%\;LE%=D%DE;?=AJ%IG?%=A%EIG%\;LGR%K;?N%AGCG?%D;ND%xKN%IMDQ;AP%=D%I;C=AJ%;A%;\\;=?i_%.D%DIG%H(&H,(&.%E@%D;N%=EZ%!G>>R%@AG%BMGDE=@A%EI;E%AGGPD%E@%QG% ;DSGP% ;Q@ME% EI=D% =D0% H?GH;?GP% E@% D;N% =E% `IGA% ;AP% E@% `I@<Z% a$@% EIG% ?;P=L;>%E?;AD>;E@?R%`=EI%I=D%E;HG%?GL@?PG?R%C=D=E=AJ%IG?%L@MAE?N%\?@<%;%\;?%@\\%>;APZb%$I;E%;D=PGR%EIG?G%<;N% QG% ;% BM=EG% DE?;=JIE\@?`;?PR% ;AP% \;=?>N% JGAG?;>R% DGADG% =A%`I=LI% DIG% =D%-#$%H?GH;?GP%E@%D;N%=E_%.APGGPR%DIG%L;AA@E%GCGA%Q?=AJ%IG?DG>\%E@%$%4-C%=E0%IG?%EI@MJIED%CGG?%;`;N% \?@<% EIG% GC=PGALG% ;AP% \?@<% ;AN% E@H=L% EI;E% I;D% H@EGAE=;>% >=ASD% `=EI% IG?%IMDQ;APiD%;\\;=?_%#AP%NGE%`G%L;A% DGG% =A%IG?%PG<G;A@M?% E@`;?PD%IG?%IMDQ;APR%;APR%HG?I;HDR%=A%;P^MDE<GAED%;E%@EIG?%H@=AED%=A%IG?%>=\GR%;%?GL@JA=E=@A%@\%I=D%=A\=PG>=EN_%#AP%`G% DMDHGLE% EI;E% MAPG?% LG?E;=A% S=APD% @\% H?GDDM?G% DIG% `@M>P% CG?Q;>>N% ;LSA@`>GPJG%`I;E%=D%J@=AJ%@AX%a75mb_%

+ - & $ % + % : !

! !

D = G !

`G>>%;D%;DS=AJ%\@?%\@?J=CGAGDD%;AP%\@?J=C=AJ_%!I;E%=D%<@?GR%`I;E%EIGN%L@AE=AMG%E@%P@R%;AP%I@`%`=>>=AJ%EIGN%;?G%E@%L@<G%E@%EG?<D%`=EI%`I;E%I;D%I;HHGAGPR% L@ADE=EMEGD%`I;E%`=>>%QG% EIG% ?G;>=EN%@\% EIG=?%<;??=;JGR%;AP% @\% `I;E% I;HHGAGP_% Y=P% I=D% LIG;E=AJ% <G;A% EIG% GAP% @\% EIG=?%<;??=;JGZ% Y=P% EIGN% J@% @A% >=C=AJ% E@JGEIG?% DMHH?GDD=AJ% `I;E% I;P%I;HHGAGPZ%*?%P=P%=E%H?@C=PG%;A%@HH@?EMA=EN%\@?%EIG<%E@%?GS=AP>G%EIG=?%?G>;E=@ADI=H%;AP%@HGA%MH%E@%G;LI%@EIG?%;AP%E@%\@?J=CGAGDDZ%

T@?%KM?P@LIR%<N% DE?MJJ>GD%`=EI% ?G;>=EN% ;AP% L@<=AJ% E@% ?GL@JA=eG%;A@EIG?% HG?D@A%<;=A>N% =AC@>CG% ;% \@?<% @\% VMADG>\=AJX_%KN% H?@Q>G<D%`=EI% DGG=AJ% @EIG?% HG@H>G% =D% >;?JG>N% ;A% @MEL@<G% @\%<N%P=\\=LM>E=GD% @\%@CG?L@<=AJ%<NDG>\% ;AP% ;EEGAP=AJ% E@% EIG<_%,@`R% =E% =D% BM=EG% G;DN% E@%EI=AS%@\% D=EM;E=@AD% =A%`I=LI% .% QGL@<G%D@%`?;HHGP%MH% =A%<NDG>\% ;AP%`I;E%.%;<%P@=AJ%EI;E%.%P@%A@E%E;SG%A@E=LG%@\%`I;E%I;HHGAD%E@%N@M_%KN%DG>\4L@ALG?A% H?GCGAED% <G% \?@<% J?;DH=AJ% EIG% <G;A=AJ% @\% `I;E% I;D%I;HHGAGP%E@%N@M_%.%P@%A@E%DGG%N@M%@?%>=DEGA%E@%N@M%;>EI@MJI%N@M%;?G%D=EE=AJ%?=JIE%=A%\?@AE%@\%<G_%!I;E%.%`;AE%E@%\@LMD%@AR%I@`GCG?R%=D%I@`%=PG;>=e;E=@AD% <;N% L@ADE=EMEG% ;% D=<=>;?% S=AP% @\% DG>\4;QD@?HE=@A% ;AP%Q>=APAGDD%E@%EIG%?G;>=E=GD%@\%@EIG?%HG@H>G_%$I=D%DI@M>P%;>D@%IG>H%E@%DHG>>%@ME% `IN% =E% =D% <=D>G;P=AJ% E@% ?GJ;?P% >@CG% =A% =ED% GAE=?GEN% ;D% ;A%=PG;>=e;E=@A_%

$IG%Gg;<H>G%.%I;CG%=A%<=AP%=D%EIG%MAI;HHN%<;??=;JG%@\%l@D;<@AP%;AP% 'NPJ;EG% =A% hG@?JG% &>=@EiD% :4..8&',(@%_% T?@<% EIG% DE;?E% EI=D%?G>;E=@ADI=H% =D% \=>>GP% `=EI% =PG;>=e;E=@ADR% P?G;<DR% `=DIGD% ;AP%GgHGLE;E=@ADR%@\%G;LI%@EIG?%;AP%@\%`I;E%<;??=GP%>=\G%`@M>P%QG_%.E%=D%\;=?%E@% D;N% EI;E% EIG% P=D;DE?@MD% L@ADGBMGALGD% @\% EI;E% <;??=;JG% E@% ;% J?G;E%GgEGAE%J?G`%@ME%@\%EIGDG_%*A%'NPJ;EGiD%H;?E%EI=D%L@<GD%E@%DI@`%=A%EIG%`;N%IG%=D%E;SGA%=A%QN%l@D;<@APiD%GALI;AE=AJ%<;AAG?_%"G%\=APD%IG?%E@%QG% VJ?;LG% =EDG>\n% DIG% =D% HG?\GLE>N% >@CG>N% ;AP% ;LL@<H>=DIGP_% vzw%l@D;<@AP%-=ALN%DGG<GP%E@%I;CG%EIG%E?MG%<G>@P=L%LI;?<X%a&>=@E%711mR%1cb_%%

T@?%l@D;<@AP%EIG=?%QGJ=AA=AJ%=A\;EM;E=@A%H>;ND%@ME%EIG%>@CG%DE@?N%DIG%I;P%DL?=HEGP%>@AJ%=A%;PC;ALG0%%

;% DE?;AJG?% `;D% ;QD@>MEG>N% AGLGDD;?N% E@% l@D;<@APiD% D@L=;>%?@<;ALGR%`I=LI%I;P%;>`;ND%EM?AGP%@A%;% >@CG?%;AP%Q?=PGJ?@@<%`I@%`;D%A@E%;%K=PP>G<;?LIG?R%;AP%`I@%I;P%A@%L@AAGLE=@AD%;E%;>>% >=SG% IG?% @`A0% @\% >;EGR% =APGGPR% EIG% L@ADE?MLE=@A% DGG<GP% E@%PG<;AP% EI;E% IG% DI@M>P% D@<GI@`% QG% ?G>;EGP% E@% ;% Q;?@AGE_% vzw%#AP%IG?G%`;D%K?_%'NPJ;EG%DMPPGA>N%L@??GDH@AP=AJ%E@%IG?%=PG;>R%QG=AJ%;>E@JGEIG?% \@?G=JA% E@%K=PP>G<;?LIR% L;??N=AJ%;% LG?E;=A%;=?%@\% P=DE=ALE=@A% L@AJ?M@MD% `=EI% J@@P% \;<=>NR% ;AP% H@DDGDD=AJ%C=DE;D% @\% EI;E%<=PP>G4L>;DD% IG;CGAR% ?;ASn% ;%<;A% @\% E;>GAER% ;>D@R%`I@<%=E%`@M>P%QG%GDHGL=;>>N%PG>=JIE\M>%E@%GAD>;CG0%=A%\;LER%;%<;A%

> % . & !2# ' % ! ) & ( 7 % + A 7 6 ! 3 + * 6 ! + $ ! % . & !,#* 6 - ? !

!

D = ; !

`I@%I;P% E@MLIGP%IG?%A;EM?G%BM=EG%AG`>NR% ;AP%Q?@MJIE%;% C=C=P%=AEG?GDE%=AE@%IG?%>=\G%`I=LI%`;D%QGEEG?%EI;A%;AN%\;AL=GP%V<=JIE4QGX%DMLI%;D%DIG%`;D%=A%EIG%I;Q=E%@\%@HH@D=AJ%E@%EIG%;LEM;>_%a&>=@E%711mR%7754778b%%

l@D;<@AP%;AP%'NPJ;EGiD% =PG;>=e;E=@AD%?MA%@A%<;AN% >GCG>DR% ?G;LI=AJ%\?@<% EIG=?% I@HGD% ;AP% `=DIGD% @\% `I;E% EIG% @EIG?% DI@M>P% QG% E@% `I;E%<;??=GP% >=\G% DI@M>P%<G;A% =A% EIG=?%<=PP>G4L>;DD% D@L=GEN% E@% =<;JGD% @\%`I;E% `G?G% ;HH?@H?=;EG% ?@>GD% \@?% `@<GA% ;AP% <GAR% IMDQ;APD% ;AP%`=CGD_% $I=D% \=A;>% ;DHGLE% =D% GDHGL=;>>N% L>G;?% =A% <;AN% @\% 'NPJ;EGiD%<MD=AJD%;Q@ME% \G<=A=A=EN%;AP% EIG% \MALE=@AD%@\%;%`=\GR%`I=LI% E@%I=<%`;D%>;?JG>N%;%BMGDE=@A%@\%;P@?A<GAE_%V$I;E%=D%`I;E%;%`@<;A%@MJIE%E@%QG0%DIG%@MJIE%E@%H?@PMLG%EIG%G\\GLE%@\%GgBM=D=EG%<MD=L_X%a&>=@E%711mR%1cb%

$IG=?%?@<;AE=L=eGP%H=LEM?G%@\%<;??=;JGR%I@`GCG?R%L@<GD%E@%;%Q=EEG?%GAP% ;D%'NPJ;EGiD% \=A;AL=;>% H?@Q>G<D%J?@`_%'@@S=AJ% \@?% DMHH@?E% ;AP%MAPG?DE;AP=AJ% =A% I=D% `=\GR% ;AP% A@E% ^MDE% \@?% ;% H>G;D;AE% D=JIER% IG% =D%?GHG;EGP>N% P=D;HH@=AEGP_% $IG% @A>N% MAPG?DE;AP=AJ% l@D;<@AP% I;D% E@%@\\G?%I=<%=D% EIG%`;N%DIG%EI=ASD%IG%I;D%\;=>GP%IG?_%/IG%L;AA@E%\@?J=CG%I=<%\@?%A@E%QG=AJ%EIG%@AG%DIG%EI@MJIE%DIG%<;??=GPR%EIG%<;A%`I@%`;D%J@=AJ%E@%J=CG%IG?%;%>=\G%\M>>%@\%H>G;D;AE?N_%%

$IG?G%;?G%I@HGD% EI;E%l@D;<@AP%;AP%'NPJ;EGiD% E`@%`@?>PD%<=JIE%<GGER%;AP%J>=<HDGD%@\%EI=D%H@DD=Q>N%I;HHGA=AJR%QME%EIG%E`@%AGCG?%\M>>N%?G;LI% ;A%MAPG?DE;AP=AJ% @\% G;LI% @EIG?_% .A% EIG% L@AL>MP=AJ% ?G<;?SD% @\%EIG%Q@@SR%`G%;?G% E@>P% EI;E% EIG% E`@%AGCG?%J@E%;`;N%\?@<%L@AD=PG?=AJ%EIG% @EIG?% ;% QM?PGA_% #\EG?% 'NPJ;EG% P=GD% ;E% \=\ENR% ;AP% l@D;<@AP%?G<;??=GDR%DIG%DHG;SD%@\%IG?%I;HH=AGDD%;D%V;%?G`;?PX%a&>=@E%711mR%216b_%

DIG%P=P%A@E%D;N%\@?%`I;ER%QME%H?@Q;Q>N%DIG%<G;AE%=E%;D%;%?G`;?P%\@?% IG?% H;E=GALG% `=EI% $G?E=MD% v'NPJ;EGwR% `I@DG% EG<HG?% AGCG?%QGL;<G% \;M>E>GDDR% ;AP% E@% EIG% >;DE% @LL;D=@A;>>N% >GE% D>=H% ;% Q=EEG?%DHGGLI%`I=LI%`;D%<@?G%<G<@?;Q>G% EI;A% EIG% D=JAD%IG%<;PG%@\%I=D%?GHGAE;ALG_%"G%@ALG%L;>>GP%IG?%I=D%Q;D=>%H>;AEn%;AP%`IGA%DIG%;DSGP%\@?%;A%GgH>;A;E=@AR%D;=P%EI;E%Q;D=>%`;D%;%H>;AE%`I=LI%I;P%\>@M?=DIGP%`@APG?\M>>N%@A%;%<M?PG?GP%<;AiD%Q?;=A_%a&>=@E%711mR%216b%%

#% H@DD=Q>G% ?G;D@A% \@?% `IN% QG;MEN% I;D% QGGA% D@% P=DE?MDEGP% EI?@MJI%HI=>@D@HIN%=D%H?@Q;Q>N%>=ASGP%`=EI%EIG%H;?E%EIG%L@ALGHE%@\%QG;MENR%@?%HG?I;HD%?;EIG?%;%H=LEM?G%@\%QG;MENR%H>;ND%=A%EIG%=PG;>=e;E=@AD%=AC@>CGP%=A% ?G>;E=@ADI=HD% DMLI% ;D% EIG% @AG% QGE`GGA% l@D;<@AP% ;AP% 'NPJ;EG_%)@EI%@\%EIGDG%>@CG?D%;?G%L;HEM?GP%QN%;%H=LEM?G%@\%`I;E%EIG%@EIG?%HG?D@A%5%#08.! ?&% >=SGR%`I=LI% =D% ;EE;LIGP% E@% ;% LG?E;=A% MAPG?DE;AP=AJ% @\%`I;E%QG;MEN%L@AD=DED%=A0%HG?\GLE=@AR%I;?<@ANR%;%H>G;DM?G%E@%EIG%GNG_%%

+ - & $ % + % : !

! !

D = D !

.% DHG;S% @\% ;% H4@$0(&% @\% QG;MEN% IG?G% E@% P=DE=AJM=DI% QGE`GGA% E`@%P=\\G?GAE% DGADGD% =A% `I=LI% VQG;MENX% a;D% ;% L@ALGHEb% <;N% GAEG?% @M?%L@ACG?D;E=@AD%;Q@ME%>@CG_%$I=D%P=DE=ALE=@A%=D%?G>;EGP%E@%EIG%P=DE=ALE=@A%EI;E% =D% @\EGA% <;PG% QGE`GGA% D@<G@AGiD% 4--&(% ;AP% #0$&(% QG;MEN_%,@AGEIG>GDDR% .% EI=AS% DMLI% ;% \@?<M>;E=@A% =D%<=D>G;P=AJR% A@E% EIG% >G;DE%QGL;MDG% =E% =<H>=GD% EI;E% D@<G@AGiD% =AAG?%QG;MEN% =D% =A% D@<G%`;ND% >GDD%;LLGDD=Q>G%EI;A%`I;E%@AG%<;N%L;>>%;%HG?D@AiD%@MEG?%QG;MEN_%.E%=D%A@ER%;D%=E% `G?GR% EI;E% `G% L;A% >@L;EG% x@MEG?% QG;MENi% =A% D@<G% \;L=;>% \G;EM?GDR%`IG?G;D% EIG% =AAG?% QG;MEN% =D% ?;EIG?% >@L;EGP% =A% D@<G% =AAG?% BM;>=E=GDR%DMLI% ;D% ;% JGAG?@MD%HG?D@A;>=EN_%*A% EIG% L@AE?;?NR% @AG% L@M>P% D;N% EI;E%EIG% x=AAG?i% QG;MEN% =D% ;D% <MLI% EIG?G% =A% EIG% \;LG% @\% EIG% @EIG?R% =A% IG?%D<=>GD%;AP%GNGD%;D%=A%EIG%L;DG%@\%@MEG?%QG;MENR%=\%A@E%GCGA%<@?G_%.E% =D%D@<GEI=AJ%.%L;A%QG%D;=P%E@%DGG%@?%QG%DE?MLS%QN%=A%IG?_%"G?%\G;EM?GD%;?G%D@<GEI=AJ%@A%`I=LI%.%`;AE%E@%P`G>>_%%

OG?I;HD% `G% `@M>P% QG% QGEEG?% ;PC=DGP% E@% D;N% EI;E% EIG% P=DE=ALE=@A%QGE`GGA%V=AAG?X%;AP%V@MEG?X%?;EIG?%DG?CGD%;D%;%<@?;>%?G<=APG?R%A@E%E@%QG% E@@% E;SGA% =A% QN% ,HH&,(,-@&R% E@% QG%.,SS8&.%?)! 8##C56% QME% E@% ;EEGAP% E@%@EIG?%;DHGLED%@\%HG@H>G%EI;A%EIG%4-4$4,8!4'H(&554#-%EIGN%<;SG%@A%MD_%.E%=D%;%?G<=APG?%@\%EIG%`;ND%=A%`I=LI%@M?%MAPG?DE;AP=AJ%@\%VQG;MENX%<;N%PGGHGAn%`G%<;N%?;=DG%BMGDE=@AD%;D%E@%`IGEIG?%D@<GEI=AJ%EI;E%;E%\=?DE%J>;ALG%;HHG;?GP%E@%QG%QG;ME=\M>%`;D%E?M>N%QG;ME=\M>&;AP%<;N%;>D@%\=AP%QG;MEN%=A%D@<G@AG%`I@%QN%JGAG?;>%DE;AP;?PD%=D%L@AD=PG?GP%A@E%E@%QG%QG;ME=\M>_% :@<H;?G% EI=D% E@% ;% H@=AE% <;PG% QN% :@?;% Y=;<@APR% `I@%`?=EGD0%%

v*wAG%<=JIER% \@?% Gg;<H>GR%<GGE%hG@?JG% &>=@E% ;AP% \=AP% @AGDG>\R%PM?=AJ% EIG% GAL@MAEG?R% ?GL@JA=e=AJ% IG?% E@% QG% QG;ME=\M>R% QME% A@E%QG;ME=\M>% ;D% @AG% I;P% MAPG?DE@@P% `I;E% QG;MEN% `;D_% /IGR% EI;E%<;JA=\=LGAE>N%MJ>N%`@<;AR%J=CGD%;%E@E;>>N%E?;AD\@?<GP%<G;A=AJ%E@% xQG;MENi_% )G;MEN% =EDG>\% QGL@<GD% D@<GEI=AJ% GAE=?G>N% AG`% \@?%@AGR%;D%@AG%L@<GD% E@%DGG% aE@%@AGiD%@`A%;<;eG<GAER%HG?I;HDb%;%H@`G?\M>% QG;MEN% ?GD=P=AJ% =A% EI=D% `@<;A_% /IG% I;D% P@AG%D@<GEI=AJR% D@<GEI=AJ% EI;E%@AG%L@M>P%A@E%;E%;>>%I;CG%H?GP=LEGPR%E@%EIG%L@ALGHE%@\%QG;MEN_% .A%DMLI%;%L;DGR%DIG% =D%A@E% ^MPJGP%QN%;%A@?<% ;C;=>;Q>G% EI?@MJI% EIG% L@ALGHE% @\% QG;MENn% DIG% DI@`D% EIG%L@ALGHE% MHR% DIG% <@CGD% @AG% E@% MDG% EIG% `@?PD% xQG;MENi% ;AP%xQG;ME=\M>i%;><@DE%;D%AG`%`@?PDR%@?%;D%?GAG`GP%`@?PD_%/IG%J=CGD%@AG%;%AG`%C@L;QM>;?NR%;%AG`%`;N%@\%E;S=AJ%EIG%`@?>P%=A%=A%@AGiD%`@?PDR% ;AP% @\% DHG;S=AJ% ;Q@ME% =E% E@% @EIG?D_% aY=;<@AP% 6FF5R%765b6F6%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%6F6%Y=;<@APÅD% Gg;<H>G% =D% ;% \?GG% =AEG?H?GE;E=@A% @\% I@`%"GA?N% W;<GD% @ALG% PGDL?=QGP%&>=@E%=A%;%>GEEG?_%

> % . & !2# ' % ! ) & ( 7 % + A 7 6 ! 3 + * 6 ! + $ ! % . & !,#* 6 - ? !

!

D = < !

#D% .% MAPG?DE;AP% Y=;<@AP% EI=D% E?;AD\@?<;E=@A% @\% EIG% L@ALGHE% @\%VQG;MENX%L;AA@E%D=<H>N%QG%J?;DHGP%QN%?G\G?GALG%E@%EIG%?G;>=e;E=@A%EI;E%hG@?JG% &>=@E% H@DDGDDGP% ;% ?G<;?S;Q>G% V=AAG?% QG;MENX_% #>EI@MJI%GgH?GDD=@AD% DMLI% ;D% V)G;MEN% L@<GD% \?@<% EIG% =AD=PGX% J=CG% D@<G%=AP=L;E=@A% E@`;?PD% EIG%`;N% =A%`I=LI% @M?% L@ALGHE=@A% @\% QG;MEN%<;N%LI;AJGR%EIGN%DE=>>%>G;CG%MD%`=EI%EIG%=PG;%EI;E%EIG%DGADG%=A%`I=LI%&>=@E%=D%MJ>N% ;LL@?P=AJ% E@% @?P=A;?N% DE;AP;?PD% ?G<;=AD% =AE;LE% ;AP% =D% @A>N%L@AE?;DEGP% QN% ;A% =AC=D=Q>G% S=AP% @\% QG;MENR% EIG% @AG% \?@<% =AD=PG_%Y=;<@APiD%Gg;<H>G%?;EIG?%H@=AED%E@%EIG%`;ND%=A%`I=LI%.%<;N%L@<G%E@%BMGDE=@A% EIG% ?G>GC;ALG% @\% DMLI% DE;AP;?PD_% .% DGG% QG;MEN% =A% `I;E% .%H?GC=@MD>N%^MPJGP%;D%MJ>N_%%

.A% EIG% L;DG% .% >GE% ;A% G<HI;D=D% @A% EIG% GgEG?=@?R% ;HHG;?;ALG% @?%HG?\GLE=@A%?M>G%<N%MAPG?DE;AP=AJ%@\%VQG;MENX% .%MDG% EIG%L@ALGHE%;D%;%DE;AP;?P%;J;=ADE%`I=LI%.% ^MPJG% EIG%HG@H>G% EI;E% .%<GGE_% .A% EI;E%`;N%.%P=DE;ALG%<NDG>\% \?@<% EIG<% ;D%`G>>% ;D% \?@<%`I;E% .%<;N% >G;?A% ;Q@ME%QG;MEN%\?@<%EIG<_%.A%L@<=AJ%=A%L@AE;LE%`=EI%D@<G@AGiD%QG;MEN%=A%EIG%`;N% PGDL?=QGP% QN% Y=;<@AP% I@`GCG?R% <N% L@ALGHE% @\% QG;MEN% =D%E?;AD\@?<GP%QN%`I;E%.%>G;?A%\?@<%EIG%@EIG?_%.%<;NR%\@?%@AG%EI=AJR%L@<G%E@% DGG% EIG%QG;MEN% EI;E% .% DGG%;D% =AEG?A;>>N%?G>;EGP% E@% EIG%J@@PAGDD% DIG%G<Q@P=GD% E@%<G_%$I?@MJI% EI=D% .%<;N%;>D@%L@<G% E@%BMGDE=@A%`IGEIG?%VJ@@P%>@@SDXR%MAPG?DE@@P%=A%;%JGAG?;>%DGADGR%L@M>P%QG%D;=P%E@%?GCG;>%E@%MD% ;ANEI=AJ% ;Q@ME% `I;E% QG;MEN% E?M>N% =D_% .A% EI=DR% .% >GE% <NDG>\% QG%E?;AD\@?<GP% QN% `I;E% .% >G;?A% EI?@MJI% <N% <GGE=AJ% ;AP% QG=AJ% `=EI%@EIG?%HG@H>G_%%

.A% EI=D% PGGHGA=AJ% @?% E?;AD\@?<;E=@A% @\% EIG% L@ALGHE% @\% QG;MEN% .%<@CG% \?@<% EIG% DE;AP;?PD% EI;E% <;N% QG% J=CGA% E@% <G% `=EI=A% <N%L@<<MA=EN% E@`;?PD% EIG% BMGDE=@A% @\% `I;E% <G;A=AJ% VQG;MENX% <;N%I;CG%\@?%<G_% .%<@CGR%;D% =E%`G?GR% \?@<%EIG%VL@>>GLE=CG% aA@?<DbX%E@% EIG%HG?D@A;>_%$IG%PGGHG?%<G;A=AJ%@\%VQG;MENXR%EIGAR%=D%A@E%E@%QG%\@MAP%=A%`I;E%GCG?NQ@PN%EI=ASD_%l;EIG?%`G%>@DG%EIG%<G;A=AJ%EI;E%DHG;S=AJ%@\%VQG;MENX%<;N%I;CG% =A% EIGDG%L;DGD% =\%`G%;EEG<HE% E@% ?GPMLG% =E% E@% EI;E_%$I=D%=D%A@E%E@%D;N%EI;E%VQG;MENX%J;=AD%;%H?=C;EG%<G;A=AJ%\@?%<GR%`I=LI%=D% I=PPGA% \?@<% GCG?NQ@PN% G>DGR% QME% EI;E% <N% MAPG?DE;AP=AJ% =D%PGHGAPGAE% @A% ;AP% L@ADE=EMEGP% QN% <N% H;?E=LM>;?% ?GDH@ADG% E@% ;%H;?E=LM>;?%=AP=C=PM;>_%$I?@MJI%EI=D%HG?D@A;>%MAPG?DE;AP=AJ%.%<;N%;>D@%<NDG>\%L@AE?=QMEG%E@%EIG%<G;A=AJ%EI;E%VQG;MENX%I;D%=A%<N%L@<<MA=EN_%%

.E% DI@M>P% L@<G% ;D% A@% DM?H?=DG% EI;E% `IG?G;D% .% EI=AS% EI;E% EIG%MAPG?DE;AP=AJ% @\% QG;MEN% EI;E% L@<GD% E@% DI@`% =A% EIG% >;EEG?% L;DG% =D%GgH?GDD=CG%@\%>@CGR%.%P@%A@E%EI=AS%D@%@\%EIG%\=?DE%L;DG_%l@D;<@APiD%;AP%'NPJ;EGiD%\;=>M?GD%=A%>@CG%\=AP%GgH?GDD=@A%=A%EIG=?%I@>P=AJ%@A%E@%EIG=?%=<;JGD% @\% `I;E% EIG% @EIG?% DI@M>P% QG% ?;EIG?% EI;A% ?GDH@AP=AJ% E@% EIG%

+ - & $ % + % : !

! !

D = B !

PG<;APD%EIG%@EIG?%<;SGD%@A%EIG<%=A%EIG%\;LG%@\%EIG=?%AG`%D=EM;E=@A_6Fc%$IG=?%=PG;>=e;E=@AD%;?G%GgH?GDD=CG%@\%;%H?G@LLMH;E=@A%`=EI%EIG<DG>CGD%EI;E% Q>=APD% EIG<% E@% EIG%<G;A=AJ% @EIG?% HG@H>G% L@M>P% I;CG% \@?% EIG<_%a#DR% `G% <=JIE% ;PPR% EIG% H?G@LLMH;E=@A% `=EI% `I;E% L@ALGHED% DI@M>P%<G;AR%Q>=APD%MD%E@%EIG%C;?=GEN%@\%<G;A=AJD%EIGN%I;CG%=A%@M?%>=\G%`=EI%@EIG?%HG@H>G_b%

$I=D%S=AP%@\%H?G@LLMH;E=@A%`=EI%@AGDG>\%=D%H;?E=LM>;?>N%L>G;?%=A%EIG%L;DG%@\%l@D;<@AP_%"G?%=PG;>=e;E=@AD%@\%`I;E%>=\G%DI@M>P%QG%GgEGAP%;D%<MLI%E@%IG?DG>\%;D%E@%IG?%IMDQ;AP_%:@A\>;E=AJ%GgBM=D=EG%<;AAG?D%`=EI%`I;E% =D% J@@P% ;AP% ?=JIER% @?% ;DDM<=AJ% EIG% E`@% E@% QG% EIG% D;<GR%l@D;<@APiD% >=\G% =D% ;>>% ;Q@ME% ;HHG;?;ALG% ;AP% QG=AJ% EIG% H>G;D;AE%`@<;A% DIG% E;SGD% IG?DG>\% E@% QG_% $IG% H?@<=DG% EI;E% IG?% =AEG?GDE% =A%'NPJ;EG%`@M>P%E;SG%IG?%@ME%@\%EIG%X\;AL=GP%x<=JIE4QGi%v___w%DIG%`;D%=A%EIG%I;Q=E%@\%@HH@D=AJ%E@%EIG%;LEM;>XR%=D%A@E%\M>\=>>GP_%:@AC=ALGP%QN%IG?%@`A%C=?EMG%@\%;>`;ND%QG=AJ%=A%EIG%?=JIER%A@EI=AJ%EI;E%'NPJ;EG%L;A%D;N%?G;LIGD%QGN@AP%EIG%=<;JG%DIG%H?GDGAED%@\%IG?DG>\_%

$IG%A@CG>%@A>N%H?GDGAED%MD%`=EI%E`@%=AL=PGAED%=A%`I=LI%IG?%\;y;PG%Q?G;SD_% )@EI% @\% EIG<% L@ALG?A% ;A@EIG?% L@MH>G% =A% EIG% A@CG>R% !=>>%';P=D>;`%;AP%Y@?@EIG;%:;D;MQ@AR%;AP%;%D=EM;E=@A%=A%`I=LI%Y@?@EIG;%L;ELIGD%!=>>%;AP%l@D;<@AP%=A%`I;E%;HHG;?D%E@%QG%BM=EG%=A;HH?@H?=;EG%L=?LM<DE;ALGD_% #E% EI=D% H@=AE% =A% EIG% A@CG>R% !=>>% =D% D@<G@AG% ;Q@ME%`I@<% l@D;<@AP% I;D% QGJMA% E@% GAEG?E;=A% ?@<;AE=L% \;AE;D=GD% ;D%'NPJ;EG%I;D%QGJMA%E@%Q@?G%IG?_%!=>>R%I@`GCG?R%=D%L@<H>GEG>N%PGC@EGP%E@%Y@?@EIG;_%#E%EIG%<@<GAE%DIG%`;>SD%=A%@A%I=<%;AP%l@D;<@APR%IG%=D%;LEM;>>N%EG>>=AJ%l@D;<@AP%EI;E%Y@?@EIG;%=D%EIG%@A>N%`@<;A%=A%I=D%>=\GR%;>EI@MJI%EIGN%L;AA@E%QG% E@JGEIG?p;%L>;MDG% =A% EIG%`=>>%@\%Y@?@EIG;iD%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%6Fc%$IG%?G>;E=@ADI=H%`=EI%l@D;<@AP%=D%A@E%EIG%\=?DE%E=<G%'NPJ;EG%\;=>D%E@%?G>G;DG%I=<DG>\%\?@<%EIG%;EE?;LE=@AD%@\%;%QG;ME=\M>%;HHG;?;ALG%=A%I=D%?G>;E=@ADI=H%`=EI%`@<GA_%)G\@?G%L@<=AJ% E@% K=PP>G<;?LIR% IG% GgHG?=GALGD% ;A% =<HM>D=CG% =A\;EM;E=@A% `=EI% ;A% ;LE?GDD%`I@DG%QG;MEN%I;D%I=<%DHG>>Q@MAP_%!=EI@ME%SA@`=AJ%IG?R%IG%=D%L@AC=ALGP%IG%>@CGD%IG?%;AP% =AEGAE% @A%<;??N=AJ% IG?_% "G% =D% DI@LSGP% E@% IG;?% EI;E% EIG% ;LL=PGAE% =A%`I=LI% IG?%\G>>@`%;LE@?%IMDQ;AP%I;P%P=GPR%;AP%`I=LI%I;P%;PPGP%NGE%D@<G%P?;<;%E@%I=D%H;DD=@AR%`;D%A@%;LL=PGAER%QME%<M?PG?_%$I=D%>G;CGD%I=<%PGEG?<=AGP%AGCG?%;J;=A%E@%;>>@`%DMLI%\@>>=GD% E@% ?M>G% I=D% ?G>;E=@ADI=HD% E@% `@<GA_% V"GALG\@?EI% IG% `@M>P% E;SG% ;% DE?=LE>N%DL=GAE=\=L% C=G`% @\% `@<;AR% GAEG?E;=A=AJ% A@% GgHGLE;E=@ADR% QME% DMLI% ;D% `G?G% ^MDE=\=GP%QG\@?GI;APX% a&>=@E% 711mR% 7m1b_% "=D% <GGE=AJ% `=EI% l@D;<@APR% I@`GCG?R% LI;AJGD% I=D%H>;AD_%%#%D=<=>;?%H;EEG?A%?M>GD%I=D%\=?DE%<GGE=AJ%`=EI%Y@?@EIG;%:;D;MQ@AR%;%`@<;A%`I@%=D%

H@?E?;NGP%;D%QG;ME=\M>%=A%Q@EI%DGADGD%@\%EIG%`@?P%MAPG?%P=DLMDD=@A%IG?G_%YGDH=EG%IG?%QG;MEN%'NPJ;EG%\=APD%IG?%`;AE=AJ%D=ALG%VvDwIG%P=P%A@E%>@@S%;E%EI=AJD%\?@<%EIG%H?@HG?%\G<=A=AG%;AJ>GX%a&>=@E%711mR%1cb_% .?@A=L;>>NR% =E% =D%Y@?@EIG;%`I@%P@GD%MAPG?DE;AP%I=<%`IGA%I=D%?GHME;E=@A%=D%BMGDE=@AGP%;AP%DI@`D%I=<%EIG%E?MDE%;AP%L@<H;DD=@A%IG%EIGA%D@%<MLI%L@<GD%E@%>@AJ%\@?%\?@<%I=D%`=\G_%%

> % . & !2# ' % ! ) & ( 7 % + A 7 6 ! 3 + * 6 ! + $ ! % . & !,#* 6 - ? !

!

D = I !

\=?DE%IMDQ;AP%`@M>P%>G;CG%IG?%<@AGN>GDD%=\%DIG%?G<;??=GP_%Y@?@EIG;R%@A% EIG% @EIG?% D=PGR%I;P% L@<G% E@% DHG;S% E@%l@D;<@AP% ;Q@ME%'NPJ;EGiD%D=EM;E=@A_%/IG%`;D%L@AC=ALGP% EI;E%DIG%L@M>P%GAL@M?;JG%l@D;<@AP%E@%I;CG% EIG% D;<G% S=AP% @\% E?MDE% =A% I=<% EI;E% DIG% \G>E_% ,GCG?EIG>GDDR% DIG%<=D?G;PD%EIG%D=EM;E=@A%;AP%?MDIGD%@ME_%#\?;=P%EI;E%IG%I;D%>@DE%EIG%@A>N%EI=AJ%IG%I;P%\?@<%EIG%`@<;A%IG% >@CGDR%IG?%J@@P%`=>>% =A% EI=AS=AJ%@\%I=<R% !=>>% >;DIGD% @ME% ;E% l@D;<@AP_% X.% I;P% A@% I@HG% QG\@?GpA@E%<MLIp@\%;ANEI=AJ%QGEEG?%E@%L@<G_%)ME%.%I;P%@AG%LG?E;=AENpEI;E%DIG%QG>=GCGP% =A% <G_% !I;EGCG?% HG@H>G% I;P% D;=P% @?% P@AG% ;Q@ME% <GR% DIG%QG>=GCGP%=A%<G_p$I;EiD%J@AGoX%a&>=@E%711mR%2mFb_%

l@D;<@APR%`I=>G%EIGDG%H@=D@AGP%`G;H@AD%`G?G%QG=AJ%IM?>GP%;E%IG?R%`;D%;><@DE% >@D=AJ%EIG%DGADG%@\%IG?%=PGAE=ENR%;AP%DGG<GP%E@%QG%`;S=AJ% =AE@% D@<G% AG`% EG??=Q>G% Gg=DEGALG_% v___w%!I;E% ;A@EIG?%A;EM?G%\G>E%=A%@HH@D=E=@A%E@%IG?%@`A%`;D%QG=AJ%QM?AE%;AP%Q=EEGA%=AE@%IG?%L@ADL=@MDAGDD%v___w%IG?%>=EE>G%`@?>P%`;D%=A%?M=ADR%;AP%DIG%\G>E% IG?DG>\% E@EEG?=AJ% =A% EIG% <=PDE% ;D% ;% >@AG>N% QG`=>PG?GP%L@ADL=@MDAGDD_%a&>=@E%711mR%2mF42m6b6Fm%%

#\EG?%!=>>%I;D%J@AGR%DIG%\;>>D%Q;LS%\;=AE=AJR%;AP%`IGA%'NPJ;EG%L@<GD%Q;LS% E@% \=AP%IG?% =A% EI=D%P=DE?;MJIE% DE;EG%IG%QG>=GCGD% =E% =D% EIG%G\\GLE%@\%Y@?@EIG;iD%L@<=AJ%E@%DHG;S%`=EI%IG?_%

$IG% DGL@AP% GAL@MAEG?% E;SGD% H>;LG% `IGA% Y@?@EIG;% ?G;>=eGD% IG?%=A=E=;>% =AEGAE=@A% @\% DHG;S=AJ%`=EI%l@D;<@AP% ;Q@ME% 'NPJ;EG_%#E% \=?DE%DMDH=L=@MD%@\%IG?%C=D=ER%l@D;<@AP%=D%;DE@MAPGP%QN%EIG%@EIG?%`@<;AiD%`I@>GIG;?EGP%@HGAAGDD%;AP%<=>PAGDDR% EIG%`;N%DIG%DHG;SD%V\?@<%@ME%EIG%IG;?E%@\%IG?%@`A%E?=;>%E@%l@D;<@APiDX%a&>=@E%711mR%258b_%%

.E% `;D% ;% AG`G?% L?=D=D% =A% l@D;<@APiD% GgHG?=GALG% EI;A% GCGA%Y@?@EIG;%L@M>P%=<;J=AG0%DIG%`;D%MAPG?%EIG%\=?DE%J?G;E%DI@LS%EI;E%I;P% DI;EEG?GP% IG?% P?G;<4`@?>P% =A% `I=LI% DIG% I;P% QGGA% G;D=>N%L@A\=PGAE% @\% IG?DG>\% ;AP% L?=E=L;>% @\% @EIG?Dn% ;AP% EI=D% DE?;AJG%MAGgHGLEGP%<;A=\GDE;E=@A%@\%\GG>=AJ%=A%;%`@<;A%`I@<%DIG%I;P%;HH?@;LIGP%`=EI% ;% DI?=AS=AJ% ;CG?D=@A% ;AP% P?G;PR% ;D% @AG%`I@%<MDE% AGLGDD;?=>N% I;CG% ;% ^G;>@MD% I;E?GP% E@`;?PD% IG?R%<;PG% IG?%D@M>%E@EEG?%;>>%EIG%<@?G%`=EI%;%DGADG%EI;E%DIG%I;P%QGGA%`;>S=AJ%=A%;A%MASA@`A%`@?>P%`I=LI%I;P%^MDE%Q?@SGA%=A%MH@A%IG?_%a&>=@E%711mR%2584252b%

Vv+w?JGP%QN%;%<NDEG?=@MD%AGLGDD=EN%E@%\?GG%IG?DG>\%\?@<%D@<GEI=AJ%EI;E%@HH?GDDGP%IG?%;D%=\%=E%`G?G%Q>@@P4JM=>E=AGDDXR%l@D;<@AP%EIGA%EG>>D%IG?%;Q@ME%`I;E%I;HHGAGP%QGE`GGA%IG?%;AP%!=>>R%L@A\GDD=AJ%EI;E%!=>>%I;P%AGCG?%I;P%;AN%>@CG%\@?%IG?%a&>=@E%711mR%2534251b_%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%6Fm%Y=><;A%a7132b%P=DLMDDGD%EIG%D;<G%Gg;<H>G%=A%<@?G%PGE;=>%a775b_%

+ - & $ % + % : !

! !

D = C !

)@EI%GCGAED%H@?E?;N%l@D;<@AP%=A%;%D=EM;E=@A%EI;E%=D%AG`%E@%IG?_%T@?%;%<@<GAER%;E%>G;DER%DIG%`;SGD%MH%=AE@%;%?G;>=EN%`IG?G%@EIG?%HG@H>G%;?G%A@E% @A>N% H;`AD% =A% IG?% J;<GD% QME% IM<;A% QG=AJD% `=EI% >=CGD% ;AP%\GG>=AJD% @\% EIG=?% @`A_% !=>>iD% PGDHG?;E=@A% ;E% I;C=AJ% >@DE% Y@?@EIG;iD%\;=EI%=A%I=<%?GCG;>D%;%BM=EG%P=\\G?GAE%`;N%=A%`I=LI%@EIG?%HG@H>G%<;N%<;EEG?%E@%@AGR%EI;A%;AN%@\%IG?%@`A%?G>;E=@AD_6F5%"=D%?G\MD;>%E@%;LE%MH@A%IG?%<=DG?N%QN%L@<\@?E=AJ%IG?%a`I=LI%'NPJ;EG%;>`;ND%P=Pb%=<H?=AED%=A%IG?%<@DE%L>G;?>N%EI;E%DIG%E@@%I;P%P@AG%D@<GEI=AJ%`?@AJ_%%

.A%EI=D%DLGAGR%;D%=A%EIG%\@>>@`=AJ%@AG%`=EI%Y@?@EIG;R%`G%L>G;?>N%DGG%I@`%l@D;<@APiD%?G;>=e;E=@A%@\%EIG%?G;>=EN%@\%@EIG?%HG@H>G%=D%=AEG?A;>>N%L@AAGLEGP% E@% ?GL@JA=e=AJ% IG?% @`A% ?G;>=EN_% /MPPGA>N% DE?MLS% QN% EIG=?%=APGHGAPGAE%QG=AJR% =E% =D% =<H@DD=Q>G% \@?%IG?% E@%I@>P%@A% E@% EIG% =<;JGD%DIG% I;P% <;PG% @\% EIG<% ;AP% @\% IG?DG>\_% ,@% >@AJG?% L;A% DIG% EI=AS% @\%V@EIG?%HG@H>GiD% DE;EGD%@\%<=AP% vzw%;D%<;EG?=;>%LME% =AE@% DI;HG%QN%IG?%@`A%`=DIGDX% a&>=@E% 711mR% 2c1b_%,@%<@?G% L;A% DIG% L@AD=PG?% IG?DG>\% ;A%=AA@LGAE% C=LE=<% @\% @EIG?% HG@H>GiD% <;>=LG_% /IG% =D% \@?LGP% E@% ;LE%?GDH@AD=Q>NR% E@% DHG;S% \@?% IG?DG>\% ;AP% E@% ?GL@JA=eG% `I;E% >=JIE% =D%?G\>GLEGP%@A%IG?%QN%EIG=?%;LE=@AD%;AP%IG?%@`A_%%

$IG% Q>=APAGDD% E@`;?PD% @EIG?% HG@H>G% EI;E% \=APD% GgH?GDD=@A% =A%'NPJ;EGiD% ;AP% l@D;<@APiD% P=\\G?=AJ% DG;?LIGD% \@?% QG;MEN% =D% E`@\@>P_%#J;=A%E;S=AJ%@M?%DE;?E=AJ%H@=AE%=A%!G=>iD%a7122b%L>;=<%EI;ER%X)G>=G\%=A%EIG%Gg=DEGALG%@\%@EIG?%HG@H>G%;D%DMLI%=D%>@CGX%ac51bR%`G%L@M>P%D;N%EI;E%EIGN% ;?G% Q>=AP% Q@EI% E@% EIG% \;LE% EI;E% @EIG?% HG@H>G% ;?G% #$%&(% EI;A%EIG<DG>CGD% ;AP% E@% EIG% \;LE% EI;E% EIGN% ;?G% H&#H8&_% $IG?G% ;?G% AM<G?@MD%`;ND% =A%`I=LI%`G%<;N%<;SG% @M?DG>CGD% =<;JGD% @\% @EIG?% HG@H>GR% QN%=PG;>=e=AJ%EIG<%@?%?@<;AE=L=e=AJ%@M?%>=\G%`=EI%EIG<_%$I=D%=D%;HH;?GAE%A@E%>G;DE%=A%EIG%<NDE=\=L;E=@A%@\%EIG%P=\\G?GALG%QGE`GGA%EIG%DGgGDR%;AP%EIG%`G=JIE%@AG%J=CGD%E@%MHI@>P=AJ%DMLI%;%P=\\G?GALG_%WMDE%EI=AS%@\%EIG%@\EGA% \GCG?=DI>N% IG>P% L@AC=LE=@A% EI;E% V<GA% ;AP%`@<GA% L;AA@E% GCG?%MAPG?DE;AP% G;LI% @EIG?XR% ;AP% EIG% L@ADGBMGAE% \G;?% @\% GCGA% E?N=AJ% E@%MAPG?DE;AP% G;LI% @EIG?% ;D% EI;E% <=JIE% ?@Q% EIG% ?G>;E=@ADI=H% @\% ;>>% EIG%<;J=L_%%

)MER%E@%DE?GDD%;%H@=AE%EI;E%&<<;AMG>%'dC=A;D%I;D%?GHG;EGP>N%<;PGR%EIG?G%=D%A@%AGGP%E@%$0(-%N@M%=AE@%;A@EIG?_%^#0!,(&!,87,)5!#$%&(!$%,-!'&_%:@AE?;?N%E@%`I;E%EIG%;Q@CG4<GAE=@AGP%;LL@MAED%`@M>P%I;CG%MD%EI=ASR%I@`GCG?R% N@M?% @EIG?AGDD% =D% -#$% ;A% =ADM?<@MAE;Q>G% @QDE;L>G% E@% @M?%MAPG?DE;AP=AJ% G;LI% @EIG?_% }M=EG% EIG% L@AE?;?NR% DHG;S=AJ% ;Q@ME%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%6F5%&CGA%=\%l;=<@AP%h;=E;%a6FFmb%MDM;>>N%J=CGD%@EIG?%S=APD%@\%Gg;<H>GD%`IGA%DHG;S=AJ%@\% EIG% `;N% `G% D@<GE=<GD% XDGG% EI;E% D@<GEI=AJ% =D% H?GL=@MD% @A>N% =A% EIG% >=JIE% @\%D@<G@AGiD%>@CG%\@?%=EX%agg=CbR%EI=D%L@M>P%;>D@%QG%E;SGA%;D%;A%Gg;<H>G%@\%EI;E_%%

> % . & !2# ' % ! ) & ( 7 % + A 7 6 ! 3 + * 6 ! + $ ! % . & !,#* 6 - ? !

!

D = = !

MAPG?DE;AP=AJ% =A% EIG% \=?DE% H>;LG% =D% GgH?GDD=CG% @\% EIG% ?GL@JA=E=@A% EI;E%`G% ;?G% DGH;?;EG% HG@H>G_% $I=D% @QC=@MD% =AD=JIEpN@M% ;?G% AGCG?% <Gp<;N%QG%E;SGA%;D%H@=AE=AJ%MD%E@%;E%>G;DE%E`@%P=\\G?GAE%;DHGLED%@\%IM<;A%>=\G_% T=?DER% ;AP% EI=D% =D% EIG% <@?G% DI;>>@`% H@=AE% @\% EIG% E`@R% =E% =D% ;%?G<=APG?%EI;E%I@`GCG?%<MLI%=A\@?<;E=@A%.%<;N%I;CG%;Q@ME%N@M?%H;DE%@?%N@M?%H>;AD%;Q@ME%N@M?%\MEM?GR%.%L;AA@E%PGPMLG%N@M?%\MEM?G%EI@MJIED%;AP% ;LE=@AD% \?@<% EIGDG% \;LED_% $IG% \;LED% ;Q@ME% N@MR% ;D% =E% `G?GR%;LLM<M>;EG% EI?@MJI% N@M?% >=\G_% $IG% DGL@AP% <@?G% =<H@?E;AE% H@=AE% =D%?;EIG?% ;% H@=AE% ;Q@ME% `I;E% =E% <G;AD% E@% MAPG?DE;AP% ;A@EIG?% IM<;A%QG=AJ_%!G%L@M>P%D;N%EI;E%SA@`=AJ%;AP%MAPG?DE;AP=AJ%;A@EIG?%HG?D@A%L;AA@E%QG%?GPMLGP%E@%<G?G>N%I;C=AJ%=A\@?<;E=@A%;Q@ME%IG?_%%

#LL@?P=AJ% E@% DMLI% ;% H=LEM?G% @\%`I;E% =E% =D% E@% SA@`% ;% HG?D@AR% @M?%SA@`>GPJG% ;Q@ME% I=<% <;N% \=?DE% ;AP% \@?G<@DE% =AL?G;DG% QN% >G;?A=AJ%<@?G% \;LED_%,@`R% =E% =D% E?MG% EI;E% =A%<;AN% D=EM;E=@AD% .%<;N%QG% D;=P% E@%>G;?A%E@%SA@`%N@M%QGEEG?%QN%>G;?A=AJ%AG`%\;LED_%)ME%=\%`GR%QN%L@AE?;DER%L@AD=PG?%`I;E% =E%<;N%<G;A%\@?%<N%MAPG?DE;AP=AJ%@\%N@M%E@%PGGHGAR%EI=D%P@GD%A@E%AGLGDD;?=>N%I;CG%E@%=AC@>CG%>G;?A=AJ%;AN%AG`%\;LED_%!I;E%<;N% LI;AJG% =D% ?;EIG?% EIG% `;N% =A% `I=LI% .% ?G>;EG% E@% EIG% x\;LEDiR% EIG%<G;A=AJ%.%L@<G%E@%DGG%=A%EIG<%@?%EIG%P=\\G?GAE%S=AP%@\%G<HI;D=D%.%>;N%@A% EIG<_% $I=ASR% \@?% =ADE;ALGR% @\% EIG%`;ND% =A%`I=LI% Y@?@EIG;iD% \=?DE%=<H?GDD=@A% @\% l@D;<@AP% ;AP%!=>>iD% <GGE=AJ% ;D% ;% ?@<;AE=L% ?GAPGe4C@MD% LI;AJGP% `IGA% DIG% ?GL@JA=eGP% EI;E% EIG% ?@<;AE=L% =AEG?GDE% `;D%D@>G>N% @A% l@D;<@APiD% D=PG_% )GEEG?% NGER% `G% L@M>P% D;N% EI;E% <N%MAPG?DE;AP=AJ%',-4*&5$5%=EDG>\%=A%`I;E%.%L@<G%E@%?GJ;?P%;D%EIG%\;LED%@\%EIG% D=EM;E=@A_% Y@?@EIG;% D;`% 'NPJ;EGiD% \=A;AL=;>% H?@Q>G<D% ;D% ;%'45*#($0-&!`IG?G;D%l@D;<@AP%L@AD=PG?GP%EIG<%E@%QG%;%?&$(,),8%@\%IG?_%%

$I=D% =D% ;>D@% @AG% ?G;D@A% \@?% ?G^GLE=AJ% DHG;S=AJ% ;Q@ME% EIG% `;ND% =A%`I=LI% `G% <;N% MAPG?DE;AP% ;AP% <=DMAPG?DE;AP% G;LI% @EIG?% =A% >@CG%D@>G>N%`=EI%?G\G?GALG%E@%P=\\G?GAE%\;LED_%T;LEDR% E@%HME% =E%Q@>P>NR%P@%A@E%GgH>;=A% @M?% MAPG?DE;AP=AJ_% /HG;S=AJ% @\% \;LED% @A>N% I;D% ;% H>;LG% =A%L@ACG?D;E=@AD% `IG?G% `G% ;>?G;PN% DI;?G% ;A% MAPG?DE;AP=AJ% @\% `I;E% =E%<;N%<G;A%E@%MAPG?DE;AP%LG?E;=A% EI=AJD% =A% EIG%D=EM;E=@A%;D% \;LED_%$IG%P=\\=LM>EN% Y@?@EIG;% I;P% @\% L@ACGN=AJ% IG?% HG?DHGLE=CG% @A% 'NPJ;EGiD%D=EM;E=@A% E@% l@D;<@AP%`;D% A@E%<G?G>N% ;% H?@Q>G<% @\% L@ACGN=AJ% EIG%?=JIE% \;LEDR% QME% EIG% DE?MJJ>G% @\% ;`;SGA=AJ% =A% l@D;<@AP% ;% D=<=>;?%?GDH@ADG%E@%I=D%D=EM;E=@A%;D%EIG%@AG%DIG%GgHG?=GALGPn%?GDH@AP=AJ%E@%=E%;D% ;% `?GELIGP% D=EM;E=@A% ;AP% ?GL@JA=e=AJ% `I;E% =ER% ;AP% EIG% >;LS% @\%MAPG?DE;AP=AJ%l@D;<@AP%I;P%DI@`A%I=<R%I;P%<;PG%@\% EI;E%<;A_% .E%`;D%EIG%DE?MJJ>G%@\%GAL@M?;J=AJ%l@D;<@AP%E@%?GDH@AP%E@%IG?%IMDQ;AP%`=EI%>@CG_%%

+ - & $ % + % : !

! !

D = H !

$IG% >;DE% H@=AED% ;AE=L=H;EG% EIG% @EIG?% \@?<%@\% Q>=APAGDD% E@%HG@H>G% .%<GAE=@AGP0% QG=AJ% Q>=AP% E@% `I;E% =E% <G;AD% \@?% @EIG?D% E@% QG% HG@H>G_%/;?E?G% =AD=DEGP% EI;E% `G% L;AA@E% ?GPMLG% IM<;A% QG=AJD% E@% EIG=?%V\;LE=L=ENX_%.A%K;?E=A%)MQG?iD%C@L;QM>;?NR%;%D=<=>;?%H@=AE%=D%GgH?GDDGP%=A%EIG%EI@MJIE%EI;E%GCGA%=\%=E%=D%H@DD=Q>G%E@%J=CG%;%PGDL?=HE=@A%@\%N@M%;D%;A%V=EXR%EI=D%P@GD%A@E%;LL@MAE%\@?%EIG%D=JA=\=L;ALG%=E%<;N%I;CG%E@%<GGE%N@M%;D%;%V$%#0K_%$IG?G%=D%;%DGADG%=A%`I=LI%HG@H>G%J@%@CG?%;AP%QGN@AP%;AN%PGDL?=HE=@AD%`G%<;N%J=CG%@\%EIG<_%$I=AS=AJ%EI;E%`G%L@M>P%?GPMLG%EIG<%E@%@AG%PGDL?=HE=@A%=D%;%`;N%@\%PGAN=AJ%EIG=?%?G;>=ENR%EM?A=AJ%EIG<%=AE@%@Q^GLED_%%

$IGDG% =AD=JIED% >GP% 'MLG% .?=J;?;N% a6FFmb% E@% DMJJGDE% EI;E% ;% <@?G%;HH?@H?=;EG% GgH?GDD=@A% EI;A% V.% >@CG% N@MX%`@M>P% QG% V.% >@CG% $#% N@MXR%H@=AE=AJ%;E%EIG%P=?GLE=@A%<N%>@CG%E;SGD%?;EIG?%EI;A%;E%=ED%@Q^GLE%a7mb_%%

T;?% \?@<% `;AE=AJ% E@% H@DDGDD% N@M% =A% >=AS=AJ% <NDG>\% E@% N@MR% .%H?GDG?CG% ;% iE@iR% ;% D;\GJM;?P% @\% EIG% =A4P=?GLE=@A% QGE`GGA% MD% t% .%'@CG%E@%j@MR%;AP%A@E0%.%>@CG%N@M_%$I=D%iE@i%D;\GJM;?PD%;%H>;LG%@\%E?;ADLGAPGALG% QGE`GGA% MDR% ;% H>;LG% @\% ?GDHGLE% `I=LI% =D% Q@EI%@Q>=J;EGP% ;AP%`=>>GPR% ;% H>;LG% @\% H@DD=Q>G% ;>>=;ALG_% j@M% P@% A@ER%EIGAR% \=AP%N@M?DG>\% ?GPMLGP% E@%;% \;LEM;>% EI=AJ%@?% E@%;A%@Q^GLE%@\%<N%>@CGR%;AP%A@E%GCGA%E@%;A%GADG<Q>G%@\%BM;>=E=GDR%`I=LI%<;SG%N@M%;%`I@>G%HG?LGHE=Q>G%QN%<G_%.ADEG;P%.%DE@H%=A%\?@AE%@\%N@M%;D%=A%\?@AE%@\%;A%@EIG?%=??GPML=Q>G%E@%<G0%=A%Q@PN%;AP%=A%=AEG>>GLER%=A%GgEG?=@?=EN%;AP%=A%=AEG?=@?=EN_%a.?=J;?;N%6FFmR%7mb%6F8%%

.A% EIG% >=JIE%@\% EI=DR%`G%L@M>P% D;N% EI;E% EIG% E?;JGPN%@\%l@D;<@AP%;AP%'NPJ;EGiD% <;??=;JG% >=GD% =A% =ED% AGCG?% I;C=AJ% QGGA% ;% E?MG% <GGE=AJ%QGE`GGA%HG@H>GR%AG=EIG?%@\%IG;?ED%A@?%@\%<=APD_%}M=EG%L@AE?;?N%E@%EIG%;Q@CG%<GAE=@AGP%\G;?%EI;E%=A%>@CG%@AG%<;N%L@<G%E@%SA@`%G;LI%@EIG?%E@@%`G>>R% EIG=?%<=D\@?EMAG%`;D% EI;E% EIGN% AGCG?% ?G;>>N% L;<G% E@% SA@`%G;LI%@EIG?% =A% EIG% \=?DE%H>;LG_%:G?E;=A>NR% EIGN%QGL;<G%`G>>% ;LBM;=AEGP%`=EI% G;LI% @EIG?iD% `G;SAGDDGD% ;AP% L@APMLER% QME% EIGN% P=P% A@E% L@<G%MAPG?DE;AP%G;LI%@EIG?%=A%EIG%DGADG%EI;E%=D%=AEG?A;>>N%?G>;EGP%E@%>@CG_%%

"G?G%;J;=AR%=E%=D%H@DD=Q>G%E@%<;SG%;%P=DE=ALE=@A%QGE`GGA%;%E?;AD=E=CG%;AP%=AE?;AD=E=CG%DGADG% =A%DHG;S=AJ%;Q@ME%VSA@`=AJX_%/HG;S=AJ%;Q@ME%SA@`=AJ%=A%EIG%E?;AD=E=CG%DGADG%GAL@<H;DDGD%EIG%DHGL=\=L%\;LED%.%<=JIE%QG% D;=P% E@% SA@`% ,?#0$% D@<G@AG_% $IG% =AE?;AD=E=CG% DGADG% ?;EIG?%H@=AED%@ME%EIG%XA@EI=AJ%=A%H;?E=LM>;?X%LI;?;LEG?%@\%X.%SA@`%I=<X_%$I=D%=D%EIG%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%6F8%.%;<%A@E%L@<H>GEG>N%;E%HG;LG%`=EI%.?=J;?;NiD%H?@H@D;>_%.E%`@?SD%;D%;%?G<=APG?%A@E%E@%QG% \@@>GP% QN% EIG% DM?\;LG4J?;<<;?% @\% X.% >@CG% N@MX% =AE@% EI=AS=AJ% EI;E% =E% PGH=LED% EIG%D;<G% S=AP% @\% ?G>;E=@A% ;D% X.% >=SG% =LG4L?G;<X_%"@`GCG?R% =\%`G% L@AD=PG?% EIG% =<H@?E;AE%E;DS%@\%HI=>@D@HIN%E@%?G<=AP%MD%@\%EIG%P=\\G?GAE%MDGD%`G%<;N%<;SG%@\%X.%>@CG%N@MXR%=E%QGL@<GD%<@?G%P=\\=LM>E%E@%DGG%`I;E%IG>H%`G%L;A%I;CG%\?@<%=E_%%

> % . & !2# ' % ! ) & ( 7 % + A 7 6 ! 3 + * 6 ! + $ ! % . & !,#* 6 - ? !

!

D = @ !

DGADG%=A%`I=LI%SA@`=AJ%D@<G@AG%L;AA@E%QG%DGH;?;EGP%\?@<%QG=AJ% 4-!@#-$,@$% `=EI% D@<G@AGR% @?% ?&4-+! $%&(&! *#(% D@<G@AG_6F2% WMDE% ?G<G<QG?%I@`R%V.%SA@`%`I;E%N@Mi?G%J@=AJ%EI?@MJIXR%L;A%QG%MEEG?GP%;D%;%`;N%@\%DI@`=AJ%L@<H;DD=@A_%$I=D%DGL@AP%DGADG%@\%SA@`=AJ%D@<G@AGR%.%`@M>P%D;NR%=D%=AEG?A;>>N%?G>;EGP%`=EI%>@CG_%%

.% L;AA@E% G<HI;D=eG%GA@MJI% EIG% DGADG% =A%`I=LI%QG=AJ%;>=CG% E@% EIG%?G;>=E=GD% @\% @EIG?% HG@H>G% =AC@>CGD% ;% L@ADE;AE% DE?MJJ>G_% Y=?GLE=AJ% EIG%S=AP%@\% >@C=AJ%;EEGAE=@A%E@%HG@H>G% EI;E% =D% =AC@>CGP%IG?GR%;D%KM?P@LI%a7112b%D;ND%=A%@AG%H>;LGR%=D%V;A%GAP>GDD%E;DSX%ac72b_%lGL@JA=e=AJ%`I;E%=E%<G;AD%\@?%N@M%E@%QG%VN@M?%@`A%HG?D@AXR%@?%E@%I;CG%;A%Gg=DEGALG%EI;E%=D% =APGHGAPGAE%@\%<=AGR%=D%A@E%D@<GEI=AJ%.%P@%@ALG%;AP%\@?%;>>_%$=<G%;AP%;J;=A%.%I;CG%E@%QG`;?G%@\%`=EIP?;`=AJ%=AE@%<N%@`A%HG?DHGLE=CGR%@?% @\% EM?A=AJ% N@M% =AE@% ;A% @Q^GLE% @\% <N% @`A% PGD=?GDR% `=DIGD% ;AP%GgHGLE;E=@AD_% $I;E% .% @\EGA% \;=>% =A% EI=D% P@GD% A@E% >GDDGA% EIG% PG<;AP_%l;EIG?%=E%DE?GAJEIGAD%=E_%%

+ + + !($!+2(3+$(%+0&!7$-&*'%($-+$3E!

*AG% \=A;>% BMGDE=@A0% .A% `I;E% `;N% =D% SA@`=AJ% ;A@EIG?% HG?D@A%PGHGAPGAE% @A% ;A% V=<;J=A;E=CGV% ?GDH@ADGZ% .% ?;=DG% EI=D%BMGDE=@A% D=ALG%D@<G%HI=>@D@HIG?D%I;CG%`;AEGP%E@%J=CG%=<;J=A;E=@A%;%P=\\G?GAE%?@>G%=A%>@CG% EI;A% EI;E% `I=LI% P?;`D% MD% E@% =PG;>=eG_% KM?P@LIR% \@?% =ADE;ALGR%<;SGD% ;% P=DE=ALE=@A% QGE`GGA% \;AE;DN% ;AP% =<;J=A;E=@AR% \=AP=AJ% EIG%>;EEG?% E@% QG% MEEG?>N% =<H@?E;AE% \@?% @M?% ;Q=>=EN% E@% HG?LG=CG% ^MDE>N% ;AP%>@C=AJ>N_% #HH?@;LI=AJ% EIG% <;EEG?% \?@<% ;% P=\\G?GAE% ;AJ>GR% W@IA%#?<DE?@AJ%;>D@%`?=EGDR%

K@DE%HG@H>G%;?G%A@E%DE;?E=AJ>N%QG;ME=\M>%@?%<;J=L;>>N%;EE?;LE=CG_%)ME%D@<G@AG%`I@%DGG<D%^MDE%<@PG?;EG>N%A=LG%L;A%\>@`G?%MAPG?%EIG% =<;J=A;E=CG% ;EEGAE=@A% @\% ;% >@CG?iD% GNG_% ,@ER% ;D% /EGAPI;>%=AL>=AGD% MD% E@% EI=ASR% QGL;MDG% EIG% >@CG?% =D% D@<GI@`% J=>P=AJ% EIG%@EIG?%`=EI% \=LE=E=@MD% LI;?<Dn% QME% QGL;MDG% EIG% S=AP% @\% ;EEGAE=@A%EIG% >@CG?% Q?=AJD% ;>>@`D% >GDD% @QC=@MD% BM;>=E=GD% E@% QG% DGGA% ;AP%;HH?GL=;EGP_%a#?<DE?@AJ%6FF6R%18b%%

#?<DE?@AJ% L@AAGLED% =<;J=A;E=@A% `=EI% @M?% ;Q=>=EN% E@% DGG% PGE;=>D% ;D%D=JA=\=L;AER%QME%;>D@%`=EI%EIG%;Q=>=EN%E@%L?G;EG%`I@>GDR%E@%\=AP%<G;A=AJ%;AP%H;EEG?AD% =A% D@<G@AGiD% QGI;C=@M?R% ;AP% ?G>;EG%P=\\G?GAE% ;DHGLED% E@%G;LI% @EIG?_% .<;J=A;E=@A% EIGA% `@M>P% QG% L>@DG>N% L@AAGLEGP% `=EI% EIG%L?G;E=CG% H@`G?D% EI;E% ;?G% @\EGA% ;EE?=QMEGP% E@% >@CG_% :@<H;?G% EI=D% E@%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%6F2%:\_%Y=><;A%a7132R%LI;HEG?%3b_%

+ - & $ % + % : !

! !

D H G !

->;DE@DR% `I@% `?=EGDR% V)G;MEN% DE=?D% MD% D@% PGGH>NR% O>;E@% =D% D;N=AJR%QGL;MDG%`G% I;CG% EIG% H@`G?% E@% L?G;EG% ;AP% @A>N% QG;MEN%`G% >@CG% L;A%?G>G;DG% EI;E% H@`G?X% a->;DE@D% 712cR% 67b_% $I=D% =PG;% L@AAGLED% E@% EIG%Y=@E=<=;A%H=LEM?G%@\%EIG%>@CG?D%;D%VH?GJA;AE%Q@EI%=A%Q@PN%;AP%=A%D@M>X%>@AJ=AJ% E@%J=CG%Q=?EI% aO>;E@%715cLR%717R%DEn@b_%$IG%Q@P=>N% D=PG%@\% EI=D%DE?=C=AJ%L@<GD% E@%DI@`%=A%H?@L?G;E=@A% a`I=LI% =D% ?GJ;?PGP%;D%;% >@`G?%\@?<bR%`IG?G;D%EIG%DH=?=EM;>%D=PG%@\%@M?%H?GJA;ALN%J=CGD%?=DG%E@%H@GE?NR%=ACGAE=@ADR% EIG% L?G;E=@A% @\% DE;EGDR% EI@MJIED% ;AP% =PG;D_% #>>% EIGDGR%Y=@E=<;%EG>>D%MDR%>G;P%MD%E@`;?PD%=<<@?E;>=EN_%

)?=AJ=AJ%=A% =<;J=A;E=@A%=A%EIGDG%L;DGD%<;=A>N%DG?CGD%;D%;%L@AE?;DE%E@% `I;E% I;D% A@?<;>>N% QGGA% L@AD=PG?GP% E@% QG% ?;E=@A;>% EI=AS=AJ_%KM?P@LI%a7112bR%\@?%=ADE;ALGR%`;AED%E@%=AE?@PMLG%Xv;wLE=CG%=<;J=A;E=@A%;D%v___w%;A%=<H@?E;AE%\;LM>ENX%=A%@M?%GC;>M;E=@A%@\%X`I;E%=D%?G;>>N%EIG?GX%QN% L@AE?;DE% E@% X=AEGAE=@ADR% PGL=D=@ADR% LI@=LGDX% @A% `I=LI% /EM;?E%";<HDI=?GR%`I@<%DIG%L?=E=L=eGDR%\@LMDGD%a711b_%$I=D%<@CG%DG?CGD%;D%;%?G<=APG?% @\% EIG% ?@>G% EI;E% =<;J=A;E=@AR% \GG>=AJ% ;AP% \;AE;DN% I;CG% =A%MAPG?DE;AP=AJ%Q@EI%;?E%;AP%@EIG?%HG@H>G_%.E%IG>HD%E@%?G>G;DG%@M?DG>CGD%\?@<%EIG%=PG;%EI;E%MAPG?DE;AP=AJ%L;A%QG%?GPMLGP%E@%;A%;Q=>=EN%E@%P?;`%L@AL>MD=@AD%\?@<%\;LED%@?%?GH?GDGAE%;A%=APGHGAPGAE%?G;>=EN_%%

!I;E%.%I;CG%`;AEGP%E@%DI@`R%I@`GCG?R%IG?G%;AP%G>DG`IG?GR%=D%EI;E%EIG% A@E=@A% EI;E% @M?% ?G;D@A=AJ% L@M>P% @A>N% QG% GgH>;=AGP% =A% EG?<D% @\%P?;`=AJ%L@AL>MD=@AD%@?%?GH?GDGAE=AJ% \;LED% =D% =A% =EDG>\% =>>MD@?N_%$@%D;N%EI;E%`G%H@DDGDD%EI=D%S=AP%@\%?G;D@A=AJR%;AP%A@`%;>D@%AGGP%E@%=AL>MPG%@M?% \;LM>EN% @\% =<;J=A;E=@A% =D% EIMD% A@E% GA@MJI_% )G\@?G% `G% QGJ=A%DHG;S=AJ%@\%P=\\G?GAE% \;LM>E=GD%@\%X?G;D@A=AJX%;AP%X=<;J=A;E=@AXR%`G%AGGP% E@%`@?S% @ME% I@`%`G% DI@M>P% MAPG?DE;AP% EIGDG% L@ALGHED% =A% EIG%\=?DE% H>;LG_% .\% `G% E;SG% #?<DE?@AJiD% DMJJGDE=@A% EI;E% =<;J=A;E=@A% =D%L@ALG?AGP%`=EI%@M?%;Q=>=EN%E@%P=DLG?A%<G;A=AJD%;AP%\@?<DR%;AP%=E%=D%;A%=AEG?GDE=AJ%DMJJGDE=@AR% =E%DGG<D%;D% =\%@M?%DGADG%\@?%QG;MEN%EI;E%L@<GD%E@%>=CG%=A%=<;J=A;E=@AR%I;D%;%<MLI%J?G;EG?%?@>G%\@?%@M?%MAPG?DE;AP=AJ%@\% EI=AS=AJ% ;D% ;% `I@>GR% EI;A% ;D% ;% L@<H>G<GAE;?N% \;LM>EN% E@% ;A%=<;J=AGP%X?;E=@A;>=ENX_%

#%DGL@AP%?G;D@A%\@?%QG=AJ%`;?N%@\%>=AS=AJ%@M?%DGADG%@\%QG;MEN%`=EI%=<;J=A;E=@AR%=D%EI;E%=E%DE=>>%>G;CGD%?@@<%\@?%EIG%=PG;%EI;E%EIG?G%=D%;%<@?G%X?G;>X% `;N% @\% HG?LG=C=AJ% EIG% `@?>P_% "@`% P@% `G% =AE?@PMLG%=<;J=A;E=@A%=A%DMLI%;%`;N%EI;E%=ED%;DD@L=;E=@AD%`=EI%@M?%MDM;>%`;ND%@\%MD=AJ%EIG%`@?PDpXj@M%<MDE%QG%=<;J=A=AJXp;?G%>@DEZ%+D=AJ%=<;JG?N%EI;E%=D%L>@DG%E@%/EGAPI;>iD%H=LEM?G%@\%XL?NDE;>>=e;E=@AXR%/=AJG?%H@?E?;ND%EIG%>@CG?%;D%;A%;?E=DE%`I@%H;=AED%EIG%>@CG?%`=EI%DE?@AJG?%L@AE@M?D_%$I=D%

> % . & !2# ' % ! ) & ( 7 % + A 7 6 ! 3 + * 6 ! + $ ! % . & !,#* 6 - ? !

!

D H ; !

>G;CGD%MD%`=EI%EIG%H=LEM?G%EI;E%N@M%I;CG%D@<G%J=CGA%L@AE@M?D%EI;E%;?G%@A>N% G<HI;D=eGP% QN%<N% >@CG_6F3%KN% H@=AE%`@M>P% ?;EIG?% QG% EI;E% EIG%#-8)%`;N%=E%<;SGD%DGADG%E@%DHG;S%@\%N@M%;D%I;C=AJ%L@AE@M?D%=D%=A%EIG%>=\G% EI;E%`G% DI;?GR% ;% >=\G%`IG?G% EIGDG% XL@AE@M?DX%<;N%I;CG% P=\\G?GAE%?@>GD_% $I=D% =D% A@E% ;% L@<<=E<GAE% E@% ;AN% =PG;>=DE=L% =PG;R% @?% E@% ;%L@ADE?MLE=C=DE% EIG@?N%@\%I@`%@M?%LI;?;LEG?% =D% L?G;EGP% =A%@M?%PG;>=AJD%`=EI%G;LI%@EIG?_%j@M%P@%A@E%L@<G%=AE@%QG=AJ%QN%<N%E;>S=AJ%;Q@ME%N@M_%.E% =D%?;EIG?%;%?G<=APG?% EI;E%`G%L;AA@E%;QDE?;LE%@M?%`;ND%@\%DHG;S=AJ%;Q@ME%`I@% D@<G@AG% =D% \?@<% EIG% >=\G% EI;E%`G% DI;?G% ;AP% EIG%P=\\G?GAE%<G;A=AJD% ;EE?=QME=AJ% G<@E=@AD% ;AP% LI;?;LEG?% E?;=ED% E@% HG@H>G% I;CG%EIG?G_% $IG?G% =D% A@% BMGDE=@A% ;Q@ME% `I@% N@M% ;?G% @MED=PG% @M?%L@<<MA=EN_%%

+0!%.&!)&(7%:!6#0&!'&&'!

.A% EI=D% LI;HEG?% .%I;CG%`;AEGP% E@% DI@`% EIG% =AEG?A;>% ?G>;E=@A% QGE`GGA%EIG% L@ALGHED% @\% QG;MEN% ;AP% >@CGR% EI;E% =DR% EIG% `;ND% =A% `I=LI% DGG=AJ%D@<G@AG%;D%QG;ME=\M>%<;N%QG%;A%GgH?GDD=@A%@\%>@CG_%$I=DR%I@`GCG?R%=D%A@E% E@% QG% E;SGA% ;D% ;A% G<H=?=L;>% H@=AER% EI;E% =DR% ;D% D;N=AJ% D@<GEI=AJ%;Q@ME%I@`% .% ;LEM;>>N%<;N% DGG%N@M% =A% EIG% L@M?DG%@\% @M?% >=\G% E@JGEIG?_%,@?%=D%=E%;%H?GDL?=HE=CG%?G<;?S%;Q@ME%I@`%.%DI@M>P%DGG%N@M_%%

$IG%H@=AER% ;D% =E%`G?GR% =D%A@E% EI;E% E@% >@CG%N@M% .%I;CG% E@% DGG%N@M%;D%QG;ME=\M>%;>>%@\%EIG%E=<G_%.APGGPR%EIG?G%;?G%;%C;?=GEN%@\%`;ND%=A%`I=LI%.%<;N%L@<G% E@% ?GJ;?P%N@M% =A%@M?% ?G>;E=@ADI=H_%/@<GE=<GD% .%;<%DE?MLS%QN%N@M?%QG;MENR%@EIG?%E=<GD%.%I;CG%E@%DG;?LI%\@?%=E_%jGE%;E%@EIG?%H@=AEDR%<N% ?GJ;?P% <;N% QG% D;=P% E@% GAEG?% ;A% V;GDEGEI=L% <@PGX6F1R% L;DM;>>N%?GJ=DEG?=AJ% ;% A@DG% EI;E%<;N% QG% L@AD=PG?GP% E@@% Q=J% @?% DI@M>PG?D% EI;E%<=JIE% DGG<% E@@% A;??@`R% EIG% DM?\;LG% @\% N@M?% DS=AR% EIG% H;EID% @\% N@M?%`?=AS>GD_% KN% J;eG% <;N% AG=EIG?% QG% ^MPJ=AJ% A@?% GgH?GDD=AJ% PGD=?GR%?;EIG?% =E% =D%LI;?;LEG?=eGP%QN%;%S=AP%@\%P=D=AEG?GDE_% .A%@EIG?%D=EM;E=@ADR%NGE%;J;=AR%<N%GNGD%DI@@E%P;JJG?DR%N@M%;?G%;A%@Q^GLE%@\% =??=E;E=@A%;AP%;AJG?_%%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%6F3%$IG%D;<G%<;N%QG%D;=P%;Q@ME%EIG%QG;MEN%`G%<;N%\=AP%=A%A;EM?G_%%6F1% :\_% V/;>>N% h;P@`% I;D% ;?JMGP% EI;E% =A% ;PP=E=@A% E@% GgHG?=GAL=AJ% EIG% Q@PN% ;D% ;%E?;ADH;?GAE%<GP=;E@?%\@?%@M?%H?@^GLE%@?%;A%@Q^GLE=\=GP%;AP%;>=GA;EGP%?GD=DE;ALG%@?%H;=AR%`G% ;>D@% ;E% E=<GD% GgHG?=GALG% @?% Q@P=>N% QG=AJ% =A% ;A% ;GDEIGE=L%<@PG_% $I;E% =DR% `G% L;A%QGL@<G% ;`;?G% @\% @M?DG>CGD% ;D% Q@PN% ;AP% E;SG% ;A% =AEG?GDE% =A% =ED% DGAD;E=@AD% ;AP%>=<=E;E=@AD%\@?%EIG=?%@`A%D;SGR%GgHG?=GAL=AJ%EIG<%;D%;%\M>>AGDD%?;EIG?%EI;A%;D%;%>;LSX%aj@MAJ%6FF5R%57b_%%%

+ - & $ % + % : !

! !

D H D !

!I;E%.%I;CG%I@HGP%E@%DI@`%=D%?;EIG?%I@`%EIG%;Q=>=EN%E@%>@CG%;AP%EIG%;Q=>=EN% E@% DGG% QG;MEN% ;?G% =AEG??G>;EGP_% KN% \;=>M?G% E@% DGG% N@M% ;D%QG;ME=\M>R% ;AP% =E% =D% =<H@?E;AE% EI;E% .%<;N%?GJ;?P% EI=D%;D%;% \;=>M?GR% =D%;%\;=>M?G%E@%>@CG_%.\%.%;<%AGCG?%E@MLIGP%QN%N@M?%QG;MENR%@?%>@DG%D=JIE%@\%=ER%=E%QGL@<GD%P=\\=LM>E%E@%DGG%`I;E%=E%`@M>P%<G;A%\@?%<G%E@%>@CG%N@M_%

.%`@M>P% DMJJGDE% EI;E% @M?% GgHG?=GAL=AJ% QG;MEN% =A% EIGDG%`;ND% =D% ;%LGAE?;>% ;DHGLE% @\% @M?% >=\G% EI;E% L;AA@E% QG% ?GPMLGP% E@% ;AN% @EIG?%MAPG?DE;AP=AJ%@\%EIG%`@?>P_%'=SG%@M?%;Q=>=EN%E@%>@CGR%=A%D@<G%`;NDR%=E%=D%J=CGA%E@%MD_%.\%EIG?G%=D%A@EI=AJ%=A%=ED%MHQ?=AJ=AJ%EI;E%PGDE?@ND%=ER%`G%GgHGLE%;%LI=>P%J?@`=AJ%MH%E@%L;ELI%@A%E@%EIG%<G;A=AJ%@\%EIGDG%`@?PD%;AP%\=AP%;%H>;LG% E@%;HH>N% EIG<%=A%I=D%@?%IG?%@`A% >=\G_%h=CGA%;D% =E% =DR%I@`GCG?R% =E% =D% D@<GEI=AJ%`G%<;N% >@DG_% #D% ;% HG?DHGLE=CG% @\% >=\G% =E% =D%@\EGA%HME%E@%EIG%EGDE_%*M?%GgHG?=GALGD%;AP%P=D;HH@=AE<GAED%<;N%<;SG%=E% P=\\=LM>E% E@% SGGH% MH% @M?% DGADG% @\% QG;MENR% ;AP% D@<GE=<GD%`G%<;N%AGGP%E@%DE?MJJ>G%E@%I@>P%@A%E@%=ER%;D%`G%<;N%AGGP%E@%DE?MJJ>G%E@%I@>P%@A% E@% >@CG_%$IG%LNA=L%J=CGD%MD%@AG%Gg;<H>G%@\%`I;E% =E%<;N%<G;A% E@%>@DG%EI=D%Q;EE>G_%%

$@%DHG;S%@\%QG;MEN%=A%>@CGR%;D%.%I;CGR%=D%A@ER%.%`@M>P%L>;=<R%E@%H;=AE%;A%=PG;>_%l;EIG?R%=E%GAEG?D%=AE@%>@CG%;D%;%PG<;AP0%E@%@HGA%<NDG>\%E@%EIG%E?MG%QG;MEN%@\%;A@EIG?%IM<;A%QG=AJR%?=PP=AJ%<NDG>\%@\%=PG;>=e;E=@ADR%;AP%A@E%;>>@`=AJ%<N%`G;SAGDD%\@?%;HHG;?;ALGD%E@%>G;P%<G%;DE?;N_%%

! !

!

!

&9+6#37&8!+-&$%+%:!

>1$#,+$3!2&F!1$#,+$3!:#7?D;G!

%.A% @AG% @\% I=D% Q@@SD% l@QG?E% /@>@<@A% a6FF7b% L=EGD% ;% H@G<% QN% #>=LG%!;>SG?%L;>>GP%V!;?A=AJX_%"G%P@GD%A@E%P=DLMDD%=E%P=?GLE>NR%;AP%AG=EIG?%`=>>% .% =A% ;AN% J?G;EG?% PGE;=>_%"@`GCG?R% =E% IG>HD% E@% Q?=AJ% D@<G% @\% EIG%?G<;?SD% .%I;CG%<;PG%;Q@ME% >@CG% ;D%G<Q@PN=AJ%HG?D@A;>%SA@`>GPJG%=AE@%DI;?HG?%\@LMD_%%

$@%>@CG%;%<;A%`I@>>N%>@CG%I=<%\GGE%\=?DE%%%%IG;P%P@`A%%%%GNGD%L@>P%%%%L>@DGP%%=A%PGH?GDD=@A%

.E%=D%E@@%G;DN%E@%>@CG%;%DM?\G?%`I=EG%GNGD%J@P>=AGDD%Ü%%%%%%%Q?@AeG%=A%EIG%Q?=JIE%DMA_%a!;>SG?%7128R%85b%

$IG%CG?N%\=?DE%>=AG%P?;`D%;EEGAE=@A%E@%@AG%=<H@?E;AE%P=DE=ALE=@A%`G%L;A%<;SG0% V$@% >@CG% ;%<;A%`I@>>N_X%!IG?G% ;?G%`G% DMHH@DGP% E@% HME% EIG%G<HI;D=D%=A%EI;E%>=AGZ%#?G%`G%E@%EI=AS%;Q@ME%`I;E%<;N%QG%GAE;=>GP%=A%>@C=AJ% EIG% `I@>G% <;AZ% .A% @EIG?% `@?PDR% ;?G% `G% E@% E;SG% MH% @A% EIG%DMJJGDE=@A% EI;E%`G%;?G% E@% >@CG%GCG?NEI=AJ%;Q@ME%I=<n% EIG%J@@P%D=PGD%;>@AJ% `=EI% EIG% Q;P% D=PGDZ% :G?E;=A>N% EI=D% <;N% QG% ;A% =<H@?E;AE%?G<=APG?% A@E% E@% \@?JGE% EI;E% HG@H>G%<;SG%<=DE;SGD% ;AP% \;>>% DI@?E% =A%<;AN%`;ND% =A% DH=EG%@\% EIG=?%;DH=?;E=@AD_%"@`GCG?R% .%I;CG%?GHG;EGP>N%E?=GP%E@%DI@`%EI;E%EIG?G%=D%D@<GEI=AJ%HMee>=AJ%=A%EIG%DMJJGDE=@A%EI;E%;%HG?D@A% =D% L@ADE=EMEGP% QN% ;% L@>>GLE=@A% @\% \;LEDR% ;>>% @\% `I=LI% EIG% >@CG?%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%67F%#QQ;%a7128b_%

+ - & $ % + % : !

! !

D H B !

L@M>P%QG%D;=P% E@% \=AP%GAPG;?=AJ_%$I=D% =D%A@E%D@%<MLI%;%?G\MD;>%@\% EIG%A@E=@A% EI;E% `G%<;N% L@<G% E@% EI=AS% ;Q@ME% @M?% >@CGP% @AGD% =A% DMLI% ;%<;AAG?R% ;D% =E% =D% ;% L?=E=L=D<% @\% EIG% =PG;% EI;E%`G%<;N% L;HEM?G%`I;E% =E%<G;AD%E@%QG%@?%SA@`%;%HG?D@A%=A%DMLI%EG?<D_%%%

$I;E% =D% ;>D@% `IN% .% I;CG% ?;EIG?% ;?JMGP% \@?% ;% P=\\G?GAE% `;N% @\%MAPG?DE;AP=AJ% `I;E% =E%<G;AD% E@%7%#88)% >@CG% ;%<;A_% $;>S=AJ% =A% EI=D%`;N%=D%A@E%AGLGDD;?=>N%E@%D;N%EI;E%N@M%DI@M>P%>@CG%D@<G@AG%,5!,!7%#8&R%QME%EI;E%N@M?%>@CG%DI@M>P%QG%7%#8&9%&,($&._%j@M%DI@M>P%>@CG%D@<GQ@PN%`I@>G4IG;?EGP>N%;AP%QG%EIG?G%=A%N@M?%>@CGR%A@E%@A>N%=A%E=<GD%@\%^@N%QME%;>D@%=A%E=<GD%@\%E?@MQ>G_%j@M%DI@M>P%?GL@JA=eG%EIG%@EIG?%A@E%@A>N%=A%I=D%@?% IG?% <@<GAED% @\% HG?\GLE=@A% QME% ;>D@% =A% E=<GD% @\% `G;SAGDD% ;AP%PGDH;=?_%%

$IG%`;?A=AJ%!;>SG?%=DDMGD%I=ED%;E%EIG%IG;?E%@\%EIG%O>;E@A=L%GBM;E=@A%@\% J@@PAGDD% `=EI% HG?\GLE=@A_% .E% ?GCG;>D% ;% EG<HE;E=@A% E@% EI=AS% EI;E%J@@PAGDD% =D% @A>N% ?GCG;>GP% E@% MD% QN% @EIG?D% =A% EIG% \@?<% @\% J?G;E%Gg;<H>GD% @\% GgLG>>GALG_% .% `@M>P% QG% H?GH;?GP% E@% D;N% EI;E% EI=D%EG<HE;E=@A%?MAD%PGGH%=A%;>>%@\%MD_%!IGA%E?N=AJ%E@%EI=AS%@\%Gg;<H>GD%@\%J@@PAGDDR%@AG%=D%@\EGA%EG<HEGP%E@%>G;A%E@`;?PD%EIG%GgE?;C;J;AE_%*AG%DG;?LIGD% \@?% EIG% J?;AP% JGDEM?GDR% EIG% >=\G4LI;AJ=AJ% <@<GAED_% -G?N%DG>P@<% @AG% EI=ASD% @\% EIG% D<;>>% EI=AJDR% EIG% D<=>GDR% EIG% ;EEGAE=CG%>=DEGAG?R% ;AP% D@% @A_% &CGA% D@R% =E% =D% @\EGA% H?GL=DG>N% =A% EIG% D<;>>% EI=AJD%EI;E%<;AN%@\%EIG%J?G;EGDE%`@APG?D%@\% >@CG%>=GR%;D%`G>>%;D%=A%EIG%D<;>>%EI=AJD%EI;E%@M?%J?G;EGDE%P=\\=LM>E=GD%E@%>@CG%J;=A%I@>P_%.E%=D%G;DN%E@%\GG>%;`G%;AP%;<;eG<GAE%=A%\?@AE%@\%;DE@MAP=AJ%QG;MEN%@?%J@@PAGDD%`IGA%A@EI=AJ%=D%PG<;APGP%@\%MDR%QME%<MLI%<@?G%P=\\=LM>E%E@%?GDH@AP%E@%EIG%PG<;APD%>@CG%<;SGD%@A%MD%=A%EIG%J?=EE=G?%L;DGD_%%

.% =<;J=AG% EI;E% =E%`;D% D@<GEI=AJ% @\% EI=D% D@?E% EI;E% >GP% lMDI% lIGGD%a7112R% c32\\b% E@% ?G<;?S% EI;E% =E% =D% @\EGA%G;D=G?% E@%QG%J@@P% E@% DE?;AJG?D%EI;A%E@%QG%J@@P%E@%EIG%HG?D@AD%`I@%;?G%L>@DGDE%E@%@AG_%!=EI%DE?;AJG?D%=A%AGGPR%EIG?G%=D%@\EGA%A@%DE?MJJ>G%E@%DGG%^MDE%`I;E%EIG%AGGP%=DR%`IG?G;D%=A% EIG% <MPP=AGDD% @\% @M?% ?G>;E=@ADI=HDR% =E% =D% D@<GE=<GD% P=\\=LM>E% E@%P=DE=AJM=DI%N@M?%AGGPD%\?@<%<N%@`A_%.E%=D%G;D=G?%E@%QG%;%IG?@%\@?%;%P;N%EI;A%E@%\=AP%EIG%DE?GAJEI%E@%DGG%<G;A=AJ%=A% >=\GR% E@%?G;LI%;Q@CG%@AGiD%@`A% HGEE=AGDD% ;AP% D<;>>AGDD% @A% ;% P;N% E@% P;N% Q;D=DR% @?% GCGA% E@%?GL@JA=eG%EI=D%S=AP%@\%GCG?NP;N%IG?@=D<_%$IG%P=\\=LM>EN%IG?G%P@GD%A@E%D@%<MLI% >=G% =A%N@M?%<;S=AJ% =E%P=\\=LM>E% E@% >@CG%N@MR%;D% =E%P@GD% =A%<N%@`A%P=\\=LM>EN%E@%>@CGR%A@E%@A>N%N@M%QME%>=\GR%;AP%=A%EIG%LI;>>GAJG%A@E%E@%QG%L;MJIE%MH%=A%<N%@`A%D<;>>4<=APGPAGDD%QME%E@%QG%@AG%`=EI%N@M_%%

#>EI@MJI% .% ;J?GG%`=EI%!;>SG?iD% ;AP%lIGGDiD% ?G<;?SD% E@% ;% LG?E;=A%GgEGAER% .%I;CG%D@<G%P=\\=LM>EN%MAPG?DE;AP=AJ%H?GL=DG>N%`I;E% =E% =D% EI;E%EIGN%D;N%;Q@ME%>@CG%QG=AJ%G;D=G?%=A%D@<G%D=EM;E=@AD%EI;A%=A%@EIG?D_%.D%=E%

& 9 + 6 #37 & 8 ! > 1 $#, + $3 !2 & F ! 1 $#, + $3 ! : # 7 ? !

!

D H I !

A@E% EI;E% EIGDG%S=APD%@\%P=\\G?GALGD%QGE`GGA%P=\\G?GAE%?G>;E=@AD%P@%-#$%H@=AE% E@% ;% P=\\G?GALG% =A% EIG% P=\\=LM>EN% E@% >@CGR% QME% EI;E% EIGN% EG>>% MD%D@<GEI=AJ% ;Q@ME%`I;E%<N%P=\\=LM>E=GD%<;N% QG% =A% P=\\G?GAE% ?G>;E=@ADZ%!G%GAL@MAEG?%BM=EG%P=\\G?GAE%P=\\=LM>E=GD%=A%@M?%HG?D@A;>%?G>;E=@AD%;AP%=A% @M?% ;EE=EMPGD% E@% HG@H>G% `G% P@% A@E% SA@`% ;AP% EIG% EG<HE;E=@AD% =A%EIGDG%?G>;E=@ADI=HD%;?G%GBM;>>N%P=\\G?GAE_%%

#%\=?DE%H@=AE%;J;=ADE%EIG=?%DMJJGDE=@A%=D%EI;E%=E%=D%A@E%H@DD=Q>G%E@%D;N%QG\@?GI;AP% `IG?G% @M?% P=\\=LM>E=GD% =A% >@C=AJ% `=>>% >=G% =A% H;?E=LM>;?%D=EM;E=@AD_% .E% =D% HG?I;HD% EG<HE=AJ% E@% EI=AS% EI;E% EIG% VJ@P>N% DM?\G?X%H?@C=PGD% MD% `=EI% ;% L>G;?% (&,5#-% \@?% >@CG_% $I=DR% I@`GCG?R% P@GD% A@E%GgL>MPG%EI;E%.%<;N%EI=AS%EI;E%N@M?%PGH?GDD=@A%;AP%GgH@DM?G%?GCG;>%E@%<G%EIG%A;EM?G%@\%>@CG%E@%EIG%D;<G%GgEGAE%;DR%@?%GCGA%<@?G%EI;AR%N@M?%S=APAGDD% ;AP% ^@N_% $I=D% =D% A@E% E@% PGAN% EI;E% N@M?% D;PAGDD% ;AP%PGH?GDD=@A% ;?G% P=\\=LM>E% E@% \;LGR% A@?% E@% D;N% EI;E% .%`@M>P% =A% ;AN%`;N%`;AE%N@M%E@%QG%PGH?GDDGPR%@?%D;P_%)ME% =A% EIGDG%D=EM;E=@ADR% .%<;N%\GG>%EI;E%.%DGG%<@?G%L>G;?>N%EIG%.&',-.5%>@CG%<;SG%@A%<GR%N@M?%AGGP%\@?!'&_%.% \GG>% EIG%?G;>=EN%@\%@M?%?G>;E=@ADI=H%;AP%<N%?GDH@AD=Q=>=EN%=A%\?@AE%@\%N@M%=A%;%DGADG%EI;E%<;N%QG%>@DE%@A%<G%=A%EIG%G;DG%@\%GCG?NP;N%>=\G_%%

#%DGL@AP%H@=AER%?G>;E=AJ%E@%<N%L?=E=L=D<%@\%?G;D@AD%\@?%>@CGR%=D%EI;E%@M?% `=>>=AJ% ;LLGHE;ALG% @\% ;A% V=<;JG% @\% HG?\GLE=@AX% ;D% ;% ?G;D@A% \@?%>@CGR% @?% ;D% D@<GEI=AJ% <;S=AJ% =E% G;DN% E@% >@CGR% =A% =EDG>\% ?GCG;>D% ;%EG<HE;E=@A% =A% >@CG_% *M?% ;`G% ;AP% ;P<=?;E=@A% \@?% HG?\GLE=@A%<;N% QG%D;=P%E@%EG>>%MD%<@?G%;Q@ME%@M?%EGAPGALN%E@%QG%E;SGA%=A%QN%QG;MEN%EI;A%=E% DHG;SD% ;Q@ME% >@CG_% /=<=>;?>N% @M?% EGAPGALN% E@% `=DI% E@% PGEG?<=AG%H?@HG?% @Q^GLED% \@?% >@CG% DHG;SD% ;Q@ME% @M?% PGD=?G% E@% <;SG% @M?DG>CGD%^MPJGD%@CG?%>@CGR%?;EIG?%EI;A%E@%QG%^MPJGP%QN%=E_%$I=D%;J;=A%L;A%QG%DGGA%;D% ;% \;=>M?G% E@% >@CG% `I@>>N_% !G% `=DI% E@% ?GPMLG% @M?% GAP>GDD%?GDH@AD=Q=>=EN%\@?%@EIG?D%QN%PGEG?<=A=AJ%EIG%>=<=ED%E@%`I=LI%=E%GgEGAPD_%%

$I=D%P=DE=ALE=@A% QGE`GGA%`I;E% =E%<G;AD% E@% >@CG% EIG%`I@>G%HG?D@A%;AP%>@CG%D@<G@AG%`I@>>N%?G>;EGD%E@%EIG%P=DE=ALE=@A%QGE`GGA%;%$(,-54$43&%;AP% ;A% 4-$(,-54$43&% DGADG% =A% `I=LI% `G% <;N% DHG;S% ;Q@ME% SA@`=AJR%LI;AJ=AJR% >@C=AJR% @?% MAPG?DE;AP=AJ% D@<GEI=AJ% DHGL=\=L% @?% ;A@EIG?%IM<;A%QG=AJ%EI;E%.%I;CG%Q?@MJIE%@ME%;E%DGCG?;>%H@=AED%=A%EIG%H?GC=@MD%P=DLMDD=@A_%.%I;CG%G<HI;D=eGP%EI;E%E@%C-#7!5#'&#-&%=A%EIG%>;EEG?%DGADG%=D%A@E%EIG%D;<G%;D%E@%I;CG%C-#78&.+&!,?#0$!5#'&#-&_%$I=D%;>D@%<;?SD%;%P=DE=ALE=@A%QGE`GGA%EIG%SA@`>GPJG%@\%;A@EIG?%=AP=C=PM;>%EI;E%>@CG%L;A%QG%D;=P%E@%L@ADE=EMEG%;AP%DL=GAE=\=L%SA@`>GPJG_%%

$IG%P=\\G?GALG%QGE`GGA%SA@`=AJ%;A@EIG?%IM<;A%QG=AJ%;AP%I;C=AJ%SA@`>GPJG% ;AP% =A\@?<;E=@A% ;Q@ME% IG?% I;D% QN% D@<G% HI=>@D@HIG?D%`=EI=A% EIG% !=EEJGADEG=A=;A% E?;P=E=@A% aDGG% G_J_% Y=><;A% 7132R% 771n%$=>JI<;A% 7117R% 772b% ;D% `G>>% ;D% =A% @EIG?% H>;LGD% QGGA% ?G>;EGP% E@% EIG%

+ - & $ % + % : !

! !

D H C !

P=\\G?GALG%QGE`GGA%DL=GAE=\=L%SA@`>GPJG%;AP%EIG%<G;A=AJ%`G%<;N%DGG%=A%;A%;?E`@?S%aT@?%<@?G%@A%EI=D%P=\\G?GALG%DGG%G_J_%KLK=>>;A%713mR%c5\n%"G?EeQG?J%6FFmn%#?<DE?@AJ%6FF6R%15412_b%#%\M?EIG?%?G;D@A%\@?%Q?=AJ=AJ%;GDEIGE=L%?G;LE=@AD%=AE@%;%P=DLMDD=@A%@\%>@CG%=D%;>D@%EI;E%;GDEIGE=LD%=D%EIG%DEMPN%@\%QG;MEN%;AP%H;?E%@\%<N%P=DLMDD=@A%I;D%QGGA%;=<GP%;E%DI@`=AJ%I@`%>@CG%=D%=AEG?A;>>N%?G>;EGP%E@%EIG%HG?LGHE=@A%@\%QG;MEN_%%

.% P@%A@ER%I@`GCG?R% EI=AS% EI;E% ;%P=DLMDD=@A% @\% ;?E`@?SD% DM\\=LGD% E@%Q?=AJ% @ME% `I;E% =D% =AC@>CGP% =A% @M?% <GGE=AJ% ;AP% L@<=AJ% E@% SA@`%;A@EIG?%IM<;A%QG=AJ_%$IG%`;N% =A%`I=LIR% \@?%Gg;<H>GR% .?=D%KM?P@LI%H>;LGD%@M?%MAPG?DE;AP=AJ%@\%;A@EIG?%IM<;A%QG=AJ%;E%EIG%D;<G%>GCG>%;D%@M?%MAPG?DE;AP=AJ%@\%`@?SD%@\%;?E%`IGA%DIG% D;ND% EI;E%V>@CGR%;AP%D@%;?E%;AP%<@?;>D%=D%EIG%P=DL@CG?N%@\%?G;>=ENXR%<;N%?;EIG?%=AC@>CG%;%`;N%@\%;GDEIGE=L=e=AJ%@M?%?G>;E=@AD%E@%@EIG?D%EI;E%L@??MHED%`I;E%=D%;E%DE;SG%=A% EIG<_% "M<;A% QG=AJDR% ;D% =E% `G?GR% ;?G% A@E% `@?SD% @\% ;?E_677% )N%?G\>GLE=AJ%@A%EIG%P=\\G?GALGD%QGE`GGA%DL=GAE=\=L%@?%?;E=@A;>%SA@`>GPJGR%;GDEIGE=L% SA@`>GPJG% ;AP% EIG% SA@`>GPJG% @\% >@CGR% `G% <;N% EIG?G\@?G%<;?S% ;% P=DE=ALE=@A% =A% E`@% P=?GLE=@ADn% \=?DER% ;J;=ADE% E@@% A;??@`% ;A%MAPG?DE;AP=AJ%@\%SA@`>GPJG%;D%H@DDGDD=AJ% =A\@?<;E=@AR%;AP%DGL@APR%;J;=ADE% E@@% L>@DG>N%<@PG>=AJ% @M?% MAPG?DE;AP=AJ% @\% @EIG?% HG@H>G% @A%@M?%MAPG?DE;AP=AJ%@\%;?E_%%

*AG%MA=E=AJ%\G;EM?G%@\%`I;E%`G%<;N%D;N%;Q@ME%;?E`@?SD%;D%`G>>%;D%;Q@ME% HG@H>G% =D% EIG% 4-.&$&('4-,@)% =A% I@`% `G% <;N% MAPG?DE;AP%D@<GEI=AJ% EI;E% .% I;CG% H?GC=@MD>N% ;?JMGP% =D% LI;?;LEG?=DE=L% @\% @M?%VG<@E=@A;>%C@L;QM>;?NX_%:@<H;?G%EI=D%E@%!=EEJGADEG=AiD%?G<;?SR%%

.E% =D%I;?P%E@%MAPG?DE;AP%N@M?DG>\%H?@HG?>N%D=ALG%D@<GEI=AJ%EI;E%N@M%'4+%$%QG%P@=AJ%@ME%@\%JGAG?@D=EN%Ü%J@@PAGDD%=D%EIG%D;<G%;D%N@M%<;N%QG%P@=AJ%@ME%@\%L@`;?P=LG%@?%=AP=\\G?GALG_%$@%QG%DM?GR%@AG%<;N%;LE%=A%DMLI%Ü%DMLI%;%`;N%\?@<%E?MG%>@CGR%QME%;>D@%\?@<%PGLG=E\M>AGDD%Ü%\?@<%;%L@>P%IG;?E%E@@_%a!=EEJGADEG=A%7113R%5mGb%

O@=AE=AJ%@ME%EI=D%;DHGLE%=D%A@E%E@%D;N%EI;E%`I;E%`G%D;N%;Q@ME%;?E%;AP%HG@H>G% =D% QN% AGLGDD=EN% C;JMG_% /@<G% EI=AJD%<;N% QGR% QME% @EIG?D% <;N%`G>>% DE?=SG% MD% ;D% MEEG?>N% H?GL=DG_% $IG% =APGEG?<=A;LN% =D% ?;EIG?% E@% QG%\@MAP% =A% @M?% D@<GE=<GD% HG?LG=CGP% P=\\=LM>EN% E@% \=AP% EIG% ?=JIE%PGDL?=HE=@A_% a:\_%"G?EeQG?J%711m_b%Y@GD%;%H;=AE=AJ%L;HEM?G%;%DGADG%@\%DG?GA=EN%@?%<G>;ALI@>NZ%Y@GD%;%HG?D@AiD%`@?PD%;AP%QGI;C=@M?%DHG;S%@\%P=DL@AEGAE<GAE%@?%DINAGDDZ%.A%EI=D%?GDHGLER%GgHG?=GAL=AJ%D@<G@AGiD%?G<;?SD%;Q@ME%;%HG?D@A%@?%;A%;?E`@?S%;D%C;JMG%<;N%?;EIG?%QG%DGGA%=A%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%677%.A%EI=D%?GDHGLE%.%;<%;>D@%L?=E=L;>%E@`;?PD%EIG%HI=>@D@HI=L;>%G<HI;D=D%@A%EIG%H@`G?%@\%;?E%;AP%>=EG?;EM?G%E@%IG=JIEGA%@M?%<@?;>%DGAD=E=C=EN_%

& 9 + 6 #37 & 8 ! > 1 $#, + $3 !2 & F ! 1 $#, + $3 ! : # 7 ? !

!

D H = !

I=D%@?%IG?%\;=>M?G%E@%L@<<=E%E@%;AN%@AG%PGDL?=HE=@A_%*A%EIG%@EIG?%D=PGR%;%?G<;?S%<;N%DE?=SG%MD%;D%E@%EIG%H@=AE%=A%=ED%L;H;L=EN%E@%<;SG%DGADG%@\%;% D=EM;E=@A% EI;E% I;P% HMee>GP% MD% QG\@?GR% @?% ?=P% MD% @\% EIG% S=AP% @\%QG`=>PG?<GAE% `G% I;P% GgHG?=GALGP% =A% \?@AE% @\% ;% H=GLG% @\% ;?E% @?%D@<G@AGiD%;LE=@A_%%

$I=D% =APGEG?<=A;LN% ;>D@% \=APD% ;A% GgH?GDD=@A% =A% EIG% ENHGD% @\%P=DHMEGD% ;AP%P=D;J?GG<GAED%`G%<;N%I;CG%;Q@ME%`I@% D@<G@AG% =D% @?%`I;E% ;A% ;?E`@?S% GgH?GDDGD% aL\_%"G?EeQG?J% 6FFmb_% #>EI@MJI% EIG?G% ;?G%D=EM;E=@AD% =A% `I=LI% `G% <;N% QG% =A% ;J?GG<GAE% ;D% E@% I@`% E@% E;SG% ;%HG?D@AR% I@`% E@% ?G;P% ;% A@CG>% @?% PGDL?=QG% ;% H;=AE=AJR% EIG?G% ;?G%<;AN%D=EM;E=@AD%=A%`I=LI%`G%<;N%V;J?GG%E@%P=D;J?GGX%E@%P=\\G?GAE%GgEGAED_%#E%E=<GD% .% <;N% DGG% `I;E% <;SGD% N@M% PGDL?=QG% D@<G@AG% @?% D@<GEI=AJ%P=\\G?GAE>N%EI;A%.%P@_%.%DGG%`IN%)#0!`@M>P%PGDL?=QG%=E%;D%DMLIR%QME%DE=>>%.% `@M>P% A@E% ;J?GG% `=EI% N@M?% PGDL?=HE=@A_% #E% @EIG?% E=<GDR% .% <;N%H;DD=@A;EG>N% E?N% E@% L@AC=ALG% N@M% E@% DGG% EIG% D=EM;E=@A% ;D% .% P@_% KN%?G\MD;>%E@%PGDL?=QG%EIG%D=EM;E=@A%=A%@EIG?%EG?<D%<;N%;>D@%I;CG%;%<@?;>%LI;?;LEG?_% .%<;N% EI=AS% EI;E% N@M% L@<H?@<=DG% N@M?DG>\% QN% ;J?GG=AJ% E@%MDG% LG?E;=A% PGDL?=HE=@AD_% $I=ASR% \@?% =ADE;ALGR% @\% EIG% H;DD=@A;EG%;C@`;>DR% V$I;E% =DAiE% ;?EoXR% @?R% V,@% @AG% L@M>P% QG% I;HHN%P@=AJ% EI;EoX%jGE%;E%@EIG?%E=<GD%;J;=AR%.%<;N%\GG>%.%I;CG%A@EI=AJ%E@%D;N%@A%;%<;EEG?_%%

.% `;AE% E@% E;SG% EIGDG% L@AD=PG?;E=@AD% ;D% H@=AE=AJ% MD% E@`;?PD% E`@%P=\\G?GAE% EI=AJDn% a7b% EIG% =>>MD=@A% =A% EI=AS=AJ% EI;E% EIG% S=APD% @\%P=D;J?GG<GAED% EIG?G% <;N% QG% QGE`GGA% HG@H>G% =A% DMLI% L;DGD% <;N% QG%DGEE>GP% `=EI% ?G\G?GALG% E@% ;% JGAG?;>% @?% AGME?;>% DE;AP;?PR% ;AP% =A%L@AAGLE=@A%`=EI%EI=DR%a6b%EIG%AGGP%E@%GAEG?%=AE@%DMLI%P=DLMDD=@AD%;Q@ME%`I;E%=D%;%J@@P%@?%\;=?%PGDL?=HE=@A%@AGDG>\R%;D%;A%=AP=C=PM;>_%$IGDG%E`@%EI=AJD%L@<G%E@JGEIG?%=A%EIG%=AD=JIE%EI;E%EIG%BMGDE=@AD%`G%;?G%PG;>=AJ%`=EI%IG?G%;?G%BMGDE=@AD%;Q@ME%'&,-4-+%;AP%$(0$%*08-&55%;AP%A@E%<G?G>N%;Q@ME% L@??GLE>N% ?GH?GDGAE=AJ% LG?E;=A% \;LED0%!I;E%P@GD% =E%<G;A% E@% D;N%`I;E%.%D;NZ%!I;E%S=APD%@\%PGDL?=HE=@AD%P@%.%`;AE%E@%DE;AP%QGI=APZ%

$I=D% =D% A@E% E@% D;N% EI;E% V\;LEDX% H>;N% A@% H;?E% =A% `I;E% .% <;N%<G;A=AJ\M>>N% D;N%;Q@ME%;%HG?D@A%@?%;%H=GLG%@\%;?E_%K;AN% E=<GD%`I;E%`G%AGGP%`=>>%H?GL=DG>N%QG%<@?G%\;LED%E@%\GG>%LG?E;=A%;Q@ME%`I;E%E@%D;N_%$IG?G% =D% ;>D@% ;% DGADG% =A%`I=LI%`I;E% .% ;<%M>E=<;EG>N% L@ALG?AGP%`=EI%;?G% EIG%V\;LEDX_%$I=DR%I@`GCG?R% =D%A@E% =A% EIG%DGADG% EI;E% .%@A>N%AGGP% E@%;LLGHE% LG?E;=A% \;LED% E@% ?G;LI% ;% L@AL>MD=@A% @?% EI;E% =A% GCG?N% L;DG% <N%H?@Q>G<D%L@M>P%QG%D@>CGP%QN%Q?=AJ=AJ%=A%<@?G%\;LED_%$@%EIG%GgEGAE%EI;E%\;LED% `=>>% H>;N% ;% H;?E% =A% @M?% ;J?GG<GAED% ;AP% P=D;J?GG<GAEDR% =E% =D%H?=<;?=>N%=A%EIG%5&-5&%`G%;?G%;Q>G%E@%<;SG%@\%EIG<_%$?N=AJ%E@%HG?DM;PG%N@M%E@%DGG%EI=AJD%;D%.%P@%=D%I@H=AJ%EI;E%EIG%\;LED%`@M>P%\=JM?G%=A%N@M?%

+ - & $ % + % : !

! !

D H H !

MAPG?DE;AP=AJ% =A% EIG%`;N% EIGN%P@% =A%<=AGR% EI;E%N@M%`@M>P%J=CG% EIG%D;<G%`G=JIE%E@%P=\\G?GAE%;DHGLED%EI;E%.%P@_676%

$IG%G<HI;D=D%@A%<G;A=AJ%;AP%E?MEI\M>AGDD%=D%\=?DE%;AP%\@?G<@DE%;%?G<=APG?% @\% EIG% `;ND% =A% `I=LI% `I;E% .% D;N% =A% EIGDG% <;EEG?D% =D%GgH?GDD=CG% @\% <N% @`A% ?GDH@ADGDR% ;AP% EIG?GQN% ?G\>GLE% @A%`I@% .% ;<_%#J;=ADE% EIG% =<HG?D@A;>% =PG;>%@\% DL=GAE=\=L%SA@`>GPJG%@M?%SA@`>GPJG%@\%;?E%;AP%@EIG?%HG@H>G%;>G?ED%MD%E@%EIG%AGGP%@\%DE;AP=AJ%=A%;%HG?D@A;>%?G>;E=@A%E@%`I;E%@?%`I@%=D%QG=AJ%P=DLMDDGP_%$I=ASR%\@?%=ADE;ALGR%@\%I@`%<N% ^MPJG<GAE% ;Q@ME% ;A% ;?E`@?S%<;N% .&&H&-_% #E% EIG% \=?DE% ?G;P=AJ% ;%Q@@S%>G;CGD%<G%L@>P_%$IG%DGL@AP%E=<G%;?@MAP%.%\=AP%=E%\M>>%@\%=AD=JIE\M>%?G<;?SD_%$I=D%LI;AJG%@\%<=AP%<;N%QG%EIG%?GDM>E%@\%QG=AJ%L@AC=ALGP%QN%D@<G%@EIG?%HG?D@AiD%PGDL?=HE=@AR%N@M?%?G;LE=@A%E@%D@<GEI=AJ%>G;PD%<G%E@%?GL@AD=PG?%<N%?G;LE=@A_%.E%<;N%;>D@%QG%;A%G\\GLE%@\%L@<=AJ%E@%DGG%;%<G;A=AJ% =A% D@<GEI=AJ% .% P=P% A@E% J=CG% ;AN%`G=JIE% E@% ;E% \=?DER% @?% @\% ;%DH@AE;AG@MD%LI;AJG%@\%IG;?E_%.%L@<G%Q;LS%E@%DGG%D@<GEI=AJ%V`=EI%AG`%GNGDX_%%

#D% EI=D% Gg;<H>G% DI@`DR% G<HI;D=e=AJ% EIG% HG?D@A;>% P=<GAD=@A% @\%`I;E%.%L@<G%E@%DGG%;AP%D;N%=A%;%<;EEG?%;J;=ADE%EIG%A@E=@A%@\%;%JGAG?;>%DE;AP;?P% ;J;=ADE% `I=LI% .% L@M>P% ^MPJG% D@<G@AG% @?% D@<GEI=AJ% =D% A@E%=AEGAPGP% E@% GgL>MPG% EI;E% EIG% C=G`D% @\% @EIG?D% <;N% <;EEG?% E@% <G% =A%D=JA=\=L;AE% `;ND_% !IGA% `G% DHG;S% ;Q@ME% QG;MEN% =A% L@AAGLE=@A% `=EI%>@CGR%EIG?G%AGGPD%E@%;%LG?E;=A%GgEGAE%E@%QG%;A%;J?GG<GAE%;Q@ME%`I;E%=E%<G;AD%E@%D;N%EI;E%D@<G@AG%=D%QG;ME=\M>R%GCGA%=\%`G%P@%A@E%AGLGDD;?=>N%AGGP%E@%D;N%EI;E%EIG%D;<G%HG?D@A%=D%QG;ME=\M>_%!IGA%`G%<@CG%E@%`I;E%=E% <G;AD% E@% SA@`% D@<G@AGR% I@`GCG?R% EIG?G% =D% ;% PGGHG?% AGGP% \@?%;J?GG<GAE%=A%`I;E%`G%D;N%;Q@ME%;%H;?E=LM>;?%HG?D@AR%;AP%A@E%@A>N%=A%EI;E%`G%;J?GG%;Q@ME%`I;E% =E%<G;AD%E@%PGDL?=QG%D@<G@AG%=A%EI;E%`;N_%T@?%@AG% EI=AJR%;A% =<H@?E;AE%;DHGLE%@\%L@<=AJ% E@%SA@`%N@M% =D%DGG=AJ%I@`%N@M%?G;LE%=A%?G>;E=@A%E@%@EIG?D_%"@`%N@M%E?G;E%@EIG?D%N@M%P@%A@E%>@CG%L;A%QG%DGGA%;D%EG>>=AJ%<G%D@<GEI=AJ%;Q@ME%N@M?%>@CG%\@?%<GR%;AP%=E%<;N%@\EGA%QG%G;D=G?%E@%SGGH%;>=CG%;%PG>MPGP%H=LEM?G%@\%`I;E%N@M%;?G%>=SG%=\%.%AGCG?%DGG%N@M%`=EI%@EIG?%HG@H>G_%%

:@AE?;?N% E@% EIG% D@<GE=<GD% @\\G?GP% DMJJGDE=@A% EI;E%`G%<;N%<;SG%DGADG% @\% ,;e=% @\\=LG?D%`I@%`G?G% L@<<=EEGP% \;<=>N%<GA% ;H;?E% \?@<%EIG=?% J?MGD@<G% ^@QR67c% .%`@M>P% DMJJGDE% EI;E% =E% =D% ;D% =AEG>>=J=Q>G% EI;E% ;%LI=>P% @\% DMLI% ;A% @\\=LG?% L@<GD% E@% DGG% ;% L@A\>=LE% QGE`GGA% EIG%`;ND% =A%`I=LI%I=D% @?% IG?% \;EIG?% ;LEGP% E@`;?PD% EIG% WG`D% =A% EIG% L@ALGAE?;E=@A%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%676%:@<H;?G%EI=D%E@%!=EEJGADEG=AiD%?G<;?SD%;Q@ME%;DHGLE%DGG=AJ_%67c%l;=<@AP%h;=E;%a6FFmb%P=DLMDDGD%;%D=<=>;?%BMGDE=@A%a3b_%

& 9 + 6 #37 & 8 ! > 1 $#, + $3 !2 & F ! 1 $#, + $3 ! : # 7 ? !

!

D H @ !

L;<HD%;AP%I=D%>@CG%\@?%I=D%\;<=>N_%$IG%=AP=\\G?GAE%;AP%L;>>@MD%;LE=@AD%IG% I;P% H?@CGP% L;H;Q>G% @\% HG?\@?<=AJ% ;J;=ADE% EIG<% L;A% QG% DGGA% ;D%?GCG;>=AJ%D@<GEI=AJ%;Q@ME%`I;E%@EIG?%HG@H>GR%;AP%I=D%\;<=>NR%<G;AE%E@%I=<_% .A%;% D=<=>;?%<;AAG?R% EIG?G% =D%A@EI=AJ%DM?H?=D=AJ% =\% ;%H;?GAEiD%>@CG% \@?% I=D% LI=>P?GA% <@CGD% I=<% E@% QG% <@?G% L@ALG?AGP% ;Q@ME% EIG%`G>\;?G%@\%@EIG?%LI=>P?GA_%%

"@`GCG?R% ;>EI@MJI% @EIG?D% <;N% EG>>% <G% EI=AJD% EI;E% LI;AJG% <N%MAPG?DE;AP=AJ% @\% N@MR% EIG% E?MEI% @\% `I;E% EIGN% D;N% =D% A@E% D@>G>N%PGHGAPGAE% @A% EIG=?% QG=AJ%<@?G% PGE;LIGP% @QDG?CG?D%`I@% ;?G% ;Q>G% E@%@\\G?%<@?G%JGAG?;>%DE;EG<GAED%;Q@ME%`I@%N@M%;?G_%l;EIG?%.%<;N%I@HG%EI;E%<N%\?=GAPD%EG>>%<G%P=\\=LM>E%E?MEID%;Q@ME%N@M%@ME%@\%EIG=?%L@ALG?A%\@?% <G% ;AP% ;>D@% @\\G?% <G% EIG=?% DMHH@?E% =A% \;L=AJ% EIG<_% $I=D% ;>D@%?G<=APD%MD% EI;E%I@`%.%MAPG?DE;AP%N@M?%`@?PD%;Q@ME%D@<GQ@PN%G>DG%<;N%QG%GgH?GDD=CG%@\%I@`%.%SA@`%N@M_%.\%.%I;CG%H?GC=@MD>N%QGGA%E;SGA%=A%`=EI%N@M?%H@=AEGP%@QDG?C;E=@ADR%.%<;N%QG%<@?G%=AL>=AGP%E@%>=DEGA%E@%N@M?%P=\\G?=AJ%@H=A=@A%EI;A%=A%D=EM;E=@AD%=A%`I=LI%.R%HG?I;HD%`?@AJ>NR%\=AP%<NDG>\%E@%QG%;%QGEEG?%^MPJG%@\%LI;?;LEG?%EI;A%N@M%;?G_%

lGL@JA=e=AJ% @M?% HG?D@A;>% =AC@>CG<GAE% =A% EIG%<G;A=AJ%`G% DGG% =A%D@<G@AGiD% ;LE=@AD% ;AP% =A% ;A%;?E`@?S% >G;PD%MD% E@%@M?% (&5H#-54?484$)! =A%;AD`G?=AJ% DMLI% BMGDE=@AD_% $@% J=CG% ;% J@@P% @?% \;=?% PGDL?=HE=@A% @\%D@<G@AGR%.%DI@M>P%A@E%P=DE;ALG%<NDG>\%\?@<%<N%@`A%?GDH@ADGD%E@%EIG%@EIG?R%QME%H;N%;EEGAE=@A%E@%EIG<%;AP%EIG%?@>GD%EIGN%I;CG%=A%`I;E%.%D;N_%$IG%P=\\=LM>EN% .%<;N%HG?LG=CG% =A% \=AP=AJ% ;% J@@P%PGDL?=HE=@AR% EIGAR% =D%EIG%P=\\=LM>EN% EI;E%<;N%QG% =AC@>CGP% =A% D=ALG?G>N%;?E=LM>;E=AJ%<N%@`A%GgHG?=GALG_%

$IG%AGGP%\@?%;%HG?D@A;>%?G>;E=@A%=\%@AG%=D%E@%QG%;Q>G%E@%D;N%;ANEI=AJ%D=JA=\=L;AE%;Q@ME% EIG%HG?D@A%@?%;?E`@?S%MAPG?%P=DLMDD=@A%;>D@%Q?=AJD%@ME%@AG%@\%EIG%L?ML=;>%.4**&(&-@&5%QGE`GGA%;GDEIGE=L%^MPJG<GAED%;AP%@M?%PGDL?=HE=@AD% @\% @EIG?% HG@H>G_% &CGA% =\% `G% <;N% DE?GDD% EI=D% AGGP% =A%?G>;E=@A% E@% ;?E`@?SDR% EIG% S=AP% @\% L@AE;LE% EI;E% =D% AGGPGP% \@?% MD% E@% QG%;Q>G% E@% D;N% EI;E%`G% SA@`% D@<G@AGR% ;AP%A@E% @A>N% SA@`%<MLI% ,?#0$%I=<% @?% IG?% P=\\G?D% J?G;E>N% =A% LI;?;LEG?_67m% {>I;<%Y=><;A% J=CGD% D@<G%=AP=L;E=@A%@\%`I;E%=D%=AC@>CGP%=A%EI=D%`IGA%IG%`?=EGD0%

T@?%E@%L@<G%E@%SA@`%HG@H>G%@AG%I;D%E@%QG%;A%=AP=C=PM;>%@AGDG>\R%`=EI% \GG>=AJD%;AP%L@AC=LE=@AD% vzw%@AG%L;A%@A>N%SA@`%;%HG?D@A%=A%<GGE=AJ%I=<%;D%;A% =AP=C=PM;>%@AGDG>\R%;AP% vzw%@AG%L;A%@A>N%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%67m%Y=><;A%?G<;?SD%EI;E%=\%.%I;CG%A@E%?G<;=AGP%=A%L@AE;LE%`=EI%;A%@>P%\?=GAPR%V.%<;N%D;N%EI;E%.%I;CG%SA@`A%I=<n%QME%=E%P@GD%A@E%\@>>@`%EI;E%.%DE=>>%P@_%.%<;N%D;N0%x.%L;A%EG>>%N@M% ;% >@E% ;Q@ME% I=<R% QME% .% A@% >@AJG?% SA@`% I=<_%!G% ;?G% A@E% @A% DHG;S=AJ% EG?<D_iX%aY=><;A%7132R%7674766b_%%

+ - & $ % + % : !

! !

D @ G !

P@%D@%=A%EIG%L@M?DG%@\%L@<<@A%`@?S%;AP%^@=AE%;LE=C=E=GDR%x=A%EIG%E?;\\=L%@\%IM<;A% >=\Gi_% .E% =D%IG?G% EI;E%@AG% \=APD%@AGDG>\R% EI;E%@AG%QGL@<GD%;A%=AP=C=PM;>_%aY=><;A%7132R%76F4767b%%

)@EI% .?=D% KM?P@LI% ;AP% /=<@AG% !G=>% HME% J?G;E% `G=JIE% @A% H;N=AJ%>@C=AJ%;EEGAE=@A%E@%EIG%@EIG?R%@A%L@AEG<H>;E=@A_%.A%DHG;S=AJ%@\%KR%EIG%<@EIG?4=A4>;`%`I@%E?=GD%E@%C=G`%IG?%P;MJIEG?4=A4%>;`%=A%;%>@C=AJ%`;N%aL\_% H_% 771bR% KM?P@LI% DHG;SD% @\% <;S=AJ% MDG% @\% V;% ^MDE% ;AP% >@C=AJ%J;eGX_%$I=D%G<HI;D=D%@A%C=D=@A%LG?E;=A>N%I;D%;%H>;LG%=A%PGDL?=Q=AJ%<N%?G>;E=@A%E@%H=GLGD%@\%;?E_%lG;P%;D%;%?G<=APG?%EI;E%@AG%DI@M>P%;>>@`%EIG%@EIG?% E@% QG% @EIG?% ;AP% A@E% ;EEG<HE% E@% LI;AJG% IG?% ;LL@?P=AJ% E@% @AGiD%@`A% H?G\G?GALGDR% !G=>iD% =AD=DEGALG% EI;E% QG;MEN% =D% D@<GEI=AJ% @AG%L@AEG<H>;EGD% `=EI@ME% E?N=AJ% E@% E@MLI% =E% ;>D@% L;HEM?GD% D@<GEI=AJ%=<H@?E;AE%a!G=>%7122R%c21b_%)ME%EIG%S=AP%@\%P=DE;AE%?GJ;?P%EI;E%Q@EI%@\%EIG<% G<HI;D=eG% QGL@<GD% DE?=S=AJ>N% @PP% =\% `G% EI=AS% @\% `I;E% `G%A@?<;>>N%L@AAGLE%`=EI%SA@`=AJ%@EIG?%HG@H>G_%%

+AP@MQEGP>N% DGG=AJ% I@>PD% ;A% =<H@?E;AE% H;?E% =A% ;HH?GL=;E=AJ%D@<G@AGiD% QG;MENn% E@% \=AP% N@M% QG;ME=\M>% =D% E@% GA^@N% >@@S=AJ% ;E% N@M_%,GCG?EIG>GDDR% =E% =D% P=\\=LM>E% E@% AGJ>GLE% EIG% =<H@?E;AE% H;?E% @M?% @EIG?%DGADGD% H>;N% =A% L@<=AJ% E@% SA@`% ;A@EIG?% HG?D@AR% `=EI@MER% @\% L@M?DGR%PGAN=AJ%EI;E%DGG=AJ%<;N%QG%?GJ;?PGP%;D%;LE=CG%;AP%;D%=AC@>C=AJ%<@DE%DGADGD_% .% L@<G% E@% ?GL@JA=eG% N@M?% =AP=C=PM;>=EN% A@E% @A>N% EI?@MJI%DHGAP=AJ% E=<G%@QDG?C=AJ%N@MR%QME%QN% E@MLI=AJ%N@M%;AP% \GG>=AJ%N@M?%E@MLI%;AP%<@CG<GAEDR%EIG%\GG>%@\%N@M?%I;APDR%EIG%E@AG%@\%N@M?%C@=LGR%N@M?%DLGAER%;AP%D@%@A_%$I=D%S=AP%@\%L@AE;LE%=D%GDDGAE=;>%E@%<N%SA@`=AJ%N@M%=A%>@CG_%.E%=D%A@%L@=AL=PGALG%EI;E%W@A=%K=ELIG>>%a7127b%D=AJD%@\%>@CG%;D%V$#0@%4-+%D@M>DX_%#D%)MQG?%a6FFmb%`@M>P%D;NR%=E%=D%=A%<GGE=AJ%N@M%;D%;%VEI@MXR%;AP%A@E%QN%PGDL?=Q=AJ%N@M%@?%@QDG?C=AJ%N@M%;D%;A%V=EXR%EI;E%.%L@<G%E@%SA@`%N@M_%Vv,wG=EIG?%PGE;LIGP%@QDG?C;E=@A%A@?% =<;J=A;E=CG%C@NGM?=D<%L;A%Q?=AJ%SA@`>GPJG%@\%@EIG?%HG@H>GX%aY=><;A%7132R%76cb_%

)MQG?iD% ;LL@MAE% @\% `I;E% =E% =D% E@% <GGE% N@M% =A% ;% DI;?GP% >=\G%G<HI;D=eGD% EIG%P=;>@J=L;>%LI;?;LEG?%@\%@M?%?G>;E=@A_%:@<=AJ% E@%SA@`%N@M% =D%A@E%D@<GEI=AJ% .%P@%@A%<N%@`A_% .E% =D%GDDGAE=;>% EI;E% .%<;N%;>D@%;DS% N@M% `I;E% N@M% EI=ASR% `IGEIG?% N@M% ?GL@JA=eG% N@M?DG>\% =A% <N%PGDL?=HE=@AD% @\% N@MR% \=AP% EIG<% \;=?% @?% =>>M<=A;E=AJR% ;AP% EI;E% N@M?%DMQDGBMGAE% ;AD`G?%`=>>%<;EEG?% \@?%`I;E% .%<;N%J@% @A% E@% D;N_% .A% EI;E%`;NR%=E%?G<=APD%MD%EI;E%`I;E%`G%<;N%D;N%,?#0$!G;LI%@EIG?%=D%A@E%@A>N%PGDL?=HE=@AD% #*! G;LI% @EIG?% QME% D@<GEI=AJ% `G%<;N% H@EGAE=;>>N% 5,)! $#%G;LI%@EIG?R% ;AP%`I=LI%<;N%I;CG% EIG%H@`G?%@\%LI;AJ=AJ%G;LI%@AG%@\%MD_%$I=AS%@A>N%;Q@ME%EIG%P=DL?GH;ALN%EIG?G%<;N%QG%QGE`GGA%`I;E%`G%;?G%H?GH;?GP%E@%D;N%$#!D@<G@AG%;AP%,?#0$%IG?_%

& 9 + 6 #37 & 8 ! > 1 $#, + $3 !2 & F ! 1 $#, + $3 ! : # 7 ? !

!

D @ ; !

$I=D%;>D@%Q?=AJD%@ME%@AG%@\%EIG%<;=A%H?@Q>G<D%;Q@ME%EI=AS=AJ%EI;E%EIG%P=D;J?GG<GAED%EIG?G%<;N%QG%QGE`GGA%HG@H>G%=A%E;>S=AJ%;Q@ME%`I@%D@<G@AG% =D% <;N% QG% DGEE>GP% QN% ;HHG;>% E@% ;% JGAG?;>% DE;AP;?P_% $I=D%H=LEM?G% ;DDM<GD% EI;E% @M?% P=DLMDD=@AD% ;Q@ME% `I@% D@<G@AG% =D% ;?G%;>`;ND%J@CG?AGP%QN%EIG%D;<G%L@ALG?AR%EI;E%=DR%EIG%`=DI%E@%>;N%Q;?G%;>>%EIG% \;LED%;Q@ME% EIG%HG?D@A%;AP%D;N%`I@% EIG%HG?D@A% =D%;D%;%`I@>G_% .A%EI=D%<;AAG?% EIG%`@?PD% PGA@E=AJ% LI;?;LEG?% E?;=ED% ;?G% E;SGA% E@% ?GH@?E%LG?E;=A%DE;EGDR%P=DH@D=E=@AD%@?%H?@H@D=E=@A;>%;EE=EMPGD%@\%EIG%=AP=C=PM;>_%$I=D% =JA@?GD% EIG% P=\\G?GAE% L@ALG?AD% @ME% @\%`I=LI% MEEG?;ALGD% DMLI% ;DR%V$I;E% `;D% ;% L;>>@MD% EI=AJ% E@% P@oXR% V"G% `@M>PAiE% P@% EI;EoXR% VY@AiE%`@??N%;Q@ME%EG>>=AJ%IG?%EI;E_%/IG%`@AiE%QG%;AJ?N%`=EI%N@M_VR%V!I@%;?G%N@M%?G;>>NZXR%;?=DGD%;AP%E@%`I=LI%EIGN%;?G%?GDH@ADGD_%#E%E=<GD%EIGN%;?G%?G<=APG?D% @?% ?GH?=<;APDR% VY@% N@M% ;>`;ND% I;CG% E@% QG% D@% DG>\4@QDGDDGPoX%#E%@EIG?%E=<GD%EIGN%GgH?GDD%@M?%QG`=>PG?<GAE%@?%;>=GA;E=@A%=A% \?@AE% @\% ;A@EIG?% IM<;A% QG=AJR% VY=P% .% GCG?% SA@`% I=<ZX%!=EI@ME%H;N=AJ% ;EEGAE=@A% E@% EIGDG% L@ALG?AD% ;AP% EIG% L@AEGgED% =A% `I=LI% EIGDG%BMGDE=@AD%;?=DGR%.%I;CG%;?JMGP%EI;E%`G%L;AA@E%PGEG?<=AG%`I;E%C4-.!#*!20&5$4#-%=E%=D%EI;E%`G%;?G%?;=D=AJR%>GE%;>@AG%H?@C=PG%;A%;AD`G?%E@%=E_%%

lGL;>>=AJ%EIG%`=P@`%`I@%`;D%`@APG?=AJ%`IGEIG?%EIG?G%I;P%QGGA%>@CG% =A%IG?% >=\G% =A%"G?EeQG?JiD%Gg;<H>GR675%`G%`@M>P%QG% \;LGP%`=EI%;%P=\\G?GAE% D=EM;E=@A% =\% DIG% `;D% ;Q>G% E@% ;DS% IG?% IMDQ;AP% `IGEIG?% IG%>@CGP%IG?%@?%A@E_%$I=D%=D%A@E%E@%D;N%EI;E%`I;EGCG?%IG%I;P%D;=P%`@M>P%QG%;A% ;AD`G?% E@% IG?% BMGDE=@A_% .E% =DR% @\% L@M?DGR% ;>D@% H@DD=Q>G% EI;E% I=D%;AD`G?%`@M>P%QG% =AD=ALG?G_%"G%<=JIE%I;CG%I=PPGA%I=D% EI@MJIED%;AP%DIME%I=<DG>\%@\\%\?@<%IG?_%$IG%G<HI;D=D%@A%EIG%AGGP%\@?%L@AE;LE%`=EI%;A@EIG?R% EIG?G\@?GR% L;AA@E% QG% ?GPMLGP% E@% QG=AJ% =A% EIG=?% H?GDGALGn% IG%<=JIE% DE=>>% A@E% I;CG% ?&&-! $%&(&% \@?% IG?_% &CGA% =\% IG% `G?G% D=ALG?GR% IG%<=JIE% I;CG% ;>D@% ;DSGP% I=<DG>\% EIG% D;<G% BMGDE=@AR% @?% I;CG% L@<G% E@%P@MQE% I=D% @`A% ?G;LE=@AD% ;AP% =AEGAE=@AD_% !G% ;?GR% ;D% =E% `G?GR% CG?N%DG>P@<%>ML=P%GCGA%E@%@M?DG>CGD_%%

!I;E%IG%`@M>P% D;N% =A% ?GDH@ADG% E@%IG?%BMGDE=@AR%I@`GCG?R%`@M>P%I;CG% EIG% H@`G?% @\% LI;AJ=AJ% IG?% BMGDE=@A% =A% P=\\G?GAE% `;ND_% $IG%=AD=DEGALG% EI;E%IG%P=P%A@E% >@CG%IG?%GCGA% EI@MJI%IG% D`@?G%IG%P=PR% @?%C=LG%CG?D;R%`@M>P%I;CG%;%P=\\G?GAE% ?=AJ% EI;A%IG?%BMGDE=@A%@?=J=A;>>N_%T@?%@AG%EI=AJR%=E%`@M>P%QG%;A%=AD=DEGALG_%"=D%?GDH@ADG%<=JIE%;>D@%I;CG%<;PG%IG?%`@APG?%;Q@ME%IG?%?G;D@AD%\@?%?;=D=AJ%EIG%BMGDE=@AR%@?%<=JIE%I;CG% ?G;\\=?<GP% IG?% DGADG% @\% EIG=?% >@CG_% 'G;?A=AJ% ;Q@ME% I=<R% EIMDR%@HGAD% EIG% H@DD=Q=>=EN% EI;E% DIG% >G;?AD% D@<GEI=AJ% ;Q@ME% IG?DG>\_% $I=D%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%675%Y=DLMDDGP%=A%LI;HEG?%7_%

+ - & $ % + % : !

! !

D @ D !

<;N%QG%;%?G;D@A% \@?% DHG;S=AJ%;Q@ME%SA@`>GPJG% =A% >@CG%;D%;% \@?<%@\%745.#'_%

!I;E% <;SGD% @M?% SA@`>GPJG% @\% @EIG?D% ;AP% @M?DG>CGD% D@% I;?P% E@%L@<G%QN% =D%A@E%@A>N% EIG% =APGEG?<=A;LN%@\%PGL=P=AJ%`I;E%PGDL?=HE=@A%H;?E=LM>;?% ;LE=@AD% \;>>% MAPG?R% QME% ;>D@% EI;E% `G% D@% @\EGA% PGLG=CG%@M?DG>CGD%;D%E@%`I;E%=E%=D%`G%;AP%@EIG?D%;?G%P@=AJ_%!G%<MLI%?;EIG?%DGG%@M?DG>CGD% ;D% ;LE=AJ% @ME% @\% JGAG?@D=EN% ;AP% J@@PAGDD% EI;A% @ME% @\%L@`;?P=LG%;AP%=AP=\\G?GALGR% E@%;J;=A%MDG%!=EEJGADEG=AiD%Gg;<H>GD_% .A%EI;E% DGADGR% @A>N% G<HI;D=e=AJ% EIG% AGGP% E@% HG?D@A;>>N% GAEG?% DMLI%P=DLMDD=@AD%;Q@ME%`I@%;%HG?D@A%=D%<;N%<=D>G;P%MD%=AE@%EI=AS=AJ%EI;E%EIG% \;LED% `G% ;?G% PG;>=AJ% `=EI% ;?G% @A>N% <@?G% DMQ>=<G% EI;A% @EIG?DR%?GBM=?=AJ% DGAD=E=C=ENR% =<;J=A;E=@A% ?;EIG?% EI;A% <G?G% ?;E=@A;>=ENR% ;AP%=AE@% AGJ>GLE=AJ% EIG%<@?;>% L@ALG?AD% EI;E% <;N% QG% =AC@>CGP% =A% ?;=D=AJ%EIGDG%BMGDE=@AD_%,@`R%.%I;CG%DI@`A%=A%`I;E%`;ND%@M?%SA@`>GPJG%@\%@EIG?D%=A%;A%=AE?;AD=E=CG%DGADG%=D%PGHGAPGAE%@A%MD%QG=AJ%@AG%`=EI%EIG%@EIG?R%;AP%EIG%S=AP%@\%PG<;APD%`=EI%`I=LI%EI=D%L@A\?@AE%MD_%%

.A% EI=D% DGADGR% >@C=AJ% D@<G@AG% L;A% QG% DGGA% ;D% ;% E`@4\@>P% <;EEG?R%?GBM=?=AJ%;E%E=<GD%EI;E%Q@EI%@\%MD%LI;AJG_%#E%E=<GD%.%<;N%AGGP%E@%?=P%<NDG>\%@\%;DHGLED%@\%<NDG>\% EI;E%DE;AP% =A% EIG%`;N%@\%DGG=AJ%`I@%N@M%;?G%;AP%>@C=AJ%N@M_%#E%@EIG?%E=<GDR%.%<;N%EI=AS%EI;E%N@M%;?G%L@A\MDGP%;Q@ME%`I@%N@M%;?G%@?% EG>>% EI;E%N@M%;?G%A@E%QG=AJ% E?MG% E@%N@M?DG>\_% .\%EI=D%?G;>=e;E=@A%=D%A@E%DG>\4PGLG=CGPR%=E%=D%A@E%AGLGDD;?=>N%;A%GgH?GDD=@A%@\%<N%A@E%;LLGHE%N@M%;D%N@M%;?GR%@?%`;AE=AJ%E@%LI;AJG%N@M%E@%\=E%<N%@`A%AGGPD_%l;EIG?%QG=AJ%L?=E=L;>%@\%LG?E;=A%;DHGLED%@\%N@MR%<;N%L;??N%EIG% =AD=JIE% EI;E%GCG?NEI=AJ%N@M%P@% =D%A@E%GgH?GDD=CG%@\%`I@%N@M%;?GR%;AP%EI;E%=A%<N%>@CGR%.%I;CG%EIG%@HH@?EMA=EN%E@%IG>H%;AP%DMHH@?E%N@M%=A% ?=PP=AJ% N@M?DG>\% @\% ;DHGLED% @\% N@M% EI;E%<;N% DE;AP% =A% EIG%`;N% @\%`I;E%=D%J@@P%\@?%N@M_%%

%%

! !

!

!

!!!!!!!!!!

%9(*%!%.*&&!

&$,)()-%%

!

! !

%

! !

!

!

9*#6#37&8!2&($+$3!

%#2('F!%&*&J(!($-!!%.&!7$)&(*()6&!6+3.%$&''!#A!)&+$3!

%.A%EIG%DE@?N%@\%$@<;D%;AP%$G?Ge;%=A%"%&!v-?&,(,?8&!Q4+%$-&55!#*!R&4-+%K=>;A% (MAPG?;% H@?E?;ND% E`@% P=\\G?GAE% `;ND% @\% ?G>;E=AJ% E@% EIG%L@AE=AJGAL=GD%@\%;%QGJ=AA=AJ%>@CG_%T=?DER%`G%DGG%EIG<%EI?@MJI%EIG%GNGD%@\%$@<;D%`I@%=D%DI;SGA%QN%EIG%=AD=JIE%EI;E%=E%`;D%;%HM?G%L@=AL=PGALG%EI;E%$G?Ge;% \G>>% =A% >@CG%`=EI%I=<%;AP%A@E%`=EI%;ANQ@PN%G>DG_% V#H;?E%\?@<% IG?% L@ADM<<;EGP% >@CG% \@?% $@<;DR% EIG?G%`G?GR% =A% EIG% ?G;><% @\%H@DD=Q=>=ENR% ;A% =A\=A=EG% AM<QG?% @\% MAL@ADM<<;EGP% >@CGD% \@?% @EIG?%<GAX%a(MAPG?;%713mR%cmb_%

"=D% ?G;>=e;E=@A% =D% H?GLGPGP% QN% I=D% PGL=D=@A% E@% \@>>@`% IG?% Q;LS% E@%O?;JMG%\?@<%/`=EeG?>;APR%`IG?G%EIGN%I;P%`;AEGP%E@%QGJ=A%;%AG`%>=\G%;\EG?% EIG% /@C=GE% =AC;D=@A% @\% :eGLI@D>@C;S=;_% !IGA% IG% <;SGD% EIG%PGL=D=@AR%$@<;D%=D%P?=CGA%QN%;%\GG>=AJ%@\%AGLGDD=EN%;AP%L@<H;DD=@AR%;%\GG>=AJ% EI;E% (MAPG?;% L;HEM?GD% `G>>% =A% ;% EIG<G% Q@??@`GP% \?@<%)GGEI@CGAR% X&D% <MDD% DG=AX_%!IGA% IG% ?G;LIGD% O?;JMGR% I@`GCG?R% EIG%\GG>=AJ%@\%AGLGDD=EN%;AP%L@<H;DD=@A%I;D%`@?A%@\\_%#>>%IG%\GG>D%=D%XEIG%H?GDDM?G% =A% I=D% DE@<;LI% ;AP% EIG% PGDH;=?% @\% I;C=AJ% ?GEM?AGPX_%:@AEG<H>;E=AJ% ;% ?G<;?S% DIG% I;D% <;PGp=\% =E% `G?G% A@E% \@?% I=<% DIG%`@M>P% I;CG% \;>>GA% =A% >@CG% `=EI% ;% \?=GAP% @\% I=DpIG% L@<GD% XE@% EIG%L@AL>MD=@A%EI;E%EIG%>@CG%DE@?N%@\%I=D%>=\G%GgG<H>=\=GP%A@E%cT5!'055!5&4-W%a.E%<MDE%QG%D@bR%QME%?;EIG?%x&D%S]AAEG%;MLI%;APG?D%DG=Ai%a.E%L@M>P%^MDE%;D%`G>>%QG%@EIG?`=DG_bX%a(MAPG?;%713mR%c5b_%

/GCGA% NG;?D% G;?>=G?R% ;% L@<H>Gg% AGM?@>@J=L;>% L;DG% %,HH&-&.% E@%I;CG% QGGA% P=DL@CG?GP% ;E% EIG% I@DH=E;>% =A% $G?Ge;iD% E@`A_% $IGN%L;>>GP% =A% EIG% LI=G\% DM?JG@A% @\% $@<;DiD% I@DH=E;>% =A% O?;JMG% \@?%L@ADM>E;E=@AR%QME%EIG%LI=G\%DM?JG@A%@\%$@<;DiD%I@DH=E;>%%,HH&-&.%E@%QG%DM\\G?=AJ%\?@<%DL=;E=;R%;AP%QGL;MDG%IG%L@M>P%A@E%<@CG%IG%DGAE%$@<;D%E@%EIG%H?@C=AL=;>%I@DH=E;>%=A%I=D%H>;LG_%$IG%E@`A%I;P%DGCG?;>%I@EG>DR%QME%$@<;D%%,HH&-&.%E@%QG%J=CGA%;%?@@<%=A%EIG%@AG%`IG?G%$G?Ge;%`;D%G<H>@NGP_%"G%%,HH&-&.% E@%I;CG%I;P%GA@MJI%\?GG% E=<G% QG\@?G% I=D% E?;=A% >G\E% E@% DE@H% ;E% EIG% I@EG>% ?GDE;M?;AE_%

2 & ( $ + $ 3 !

! !

D @ C !

$G?Ge;% %,HH&-&.! E@% QG% @A% PMENR% ;AP% %,HH&-&.% E@% QG% DG?C=AJ%$@<;DiD% E;Q>G_% .E% I;P% E;SGA% D=g% LI;ALG% I;HHGA=AJD% E@% HMDI%$@<;D%E@`;?PD%$G?Ge;R%;D%=\%IG%I;P%>=EE>G%=AL>=A;E=@A%E@%J@%@A%I=D%@`A_%a(MAPG?;%713mR%c5b%%

$IG%EI@MJIE%EI;E%XI=D%;LBM;=AE;ALG%`=EI%$G?Ge;%`;D%EIG%?GDM>E%@\%D=g%=<H?@Q;Q>G%\@?EM=E=GDX%<;SGD%$@<;D%\GG>%MAG;DN_%T@?%I=<%EIG%LI;ALG%I;HHGA=AJD%?GH?GDGAE%D@<GEI=AJ%>=JIER%D@<GEI=AJ%`G=JIE>GDDR%;AP%EI=D%>=JIEAGDD% QGL@<GD% IG;CN% \@?% I=<% E@% QG;?R% `IG?G;D% EIG% `G=JIE% ;AP%AGLGDD=EN%@\%=E%;>>R%EIG%EI@MJIE%EI;E%EIG=?%>@CG%`;D%<G;AE%E@%QG%EI=D%`;NR%`;D% G;DN% E@% L;??NR% =APGGP% A@% QM?PGA% ;E% ;>>_% T@?% $G?Ge;% @A% EIG% @EIG?%I;APR%EIG%L@=AL=PGALGD%>G;P=AJ%MH%E@%EIG=?%<GGE=AJ%>GAP%`G=JIE%E@%=E_%%

.E% `;D% EIG% L;>>% @\% ;>>% EI@DG% \@?EM=E=GD% aEIG% Q@@S% vEI;E% IG% `;D%?G;P=AJ% `I=LI% \@?% IG?% DN<Q@>=eGP% ;% DGL?GE% Q?@EIG?I@@PwR%)GGEI@CGA% vEI;E% EIG%?;P=@%`;D%H>;N=AJ%;D% DIG%`GAE% E@%H@M?% EIG%L@JA;L%IG%I;P%@?PG?GP%;AP%EI;E%?GH?GDGAEGP%;%QGEEG?%>=\G%E@%IG?wR%EIG%AM<QG?%D=g%vEIG%AM<QG?%@\%I=D%I@EG>%?@@<%`I=LI%?G<=APGP%IG?%XEI;E% EIG%I@MDG%`IG?G% EIGN%I;P% >=CGP% =A%O?;JMG%QG\@?G%IG?%H;?GAED%`G?G%P=C@?LGP%`;D%AM<QG?%D=gX%a(MAPG?;%713mR%5FbwR%EIG%NG>>@`%H;?S%QGALI% v@A%`I=LI%IG%`;D%D=EE=AJR%`;=E=AJ% \@?%IG?% E@%\=A=DI%IG?%DI=\E%;AP%@A%`I=LI%DIG%I;P%D;E%EIG%XP;N%QG\@?G%`=EI%;%Q@@S%=A%IG?%>;HX%a(MAPG?;%713mR%5Fbw%`I=LI%J;CG%IG?%EIG%L@M?;JG%E@% >G;CG% I@<G% ;AP% LI;AJG% IG?% \;EG_% .E% <;N%`G>>% QG% EI@DG% \G`%\@?EM=E=GD% aBM=EG%<@PGDER% QN% EIG%`;NR% GCGA%P?;QR% ^MDE%`I;E% @AG%`@M>P% GgHGLE% \?@<% D@% >;LS>MDEG?% ;% E@`Ab%`I=LI% DGE% IG?% >@CG% =A%<@E=@A% ;AP%H?@C=PGP%IG?%`=EI% ;% D@M?LG% @\% GAG?JN% DIG%I;P% A@E%NGE%GgI;MDEGP%;E%EIG%GAP%@\%IG?%P;ND_%a(MAPG?;%713mR%57b%

.E%=DR%(MAPG?;%?G<;?SDR%;D%=\%%vLwI;ALG%;AP%LI;ALG%;>@AG%I;D%;%<GDD;JG%\@?%MD_%&CG?NEI=AJ%EI;E%@LLM?D% @ME% @\% AGLGDD=ENR% GCG?NEI=AJ% GgHGLEGPR% ?GHG;EGP% P;N% =A%;AP%P;N%@MER%=D%<MEG_%*A>N%LI;ALG%L;A%DHG;S%E@%MD_%!G%?G;P%=ED%<GDD;JG% <MLI% ;D% JNHD=GD% ?G;P% EIG% =<;JGD% <;PG% QN% L@\\GG%J?@MAPD%;E%EIG%Q@EE@<%@\%;%LMH_%a(MAPG?;%713mR%m3b%

$IG% Gg;<H>G% ?G<=APD% MD% EI;E% @M?% >=CGD% P@% A@E% @A>N% PGHGAP% @A% @M?%LI@=LGDR% =AEGAE=@AD% ;AP% ;LE=@AD% QME% ;?G% DI;HGP% QN% \;LE@?D% ;AP%L=?LM<DE;ALGD%GgEG?A;>% E@%MD_% .E% EG>>D%MD%;Q@ME%I@`%@AG%<@<GAE%<;N%LI;AJG% @M?% >=CGD% ;AP% J;=A% ;% DHGL=;>% <G;A=AJ% =A% =E_% .A% $@<;DiD%HG?DHGLE=CG% =E% ;>D@% ?;=DGD% EIG% BMGDE=@A% ;Q@ME% I@`% P=\\G?GAE% @M?% >=\G%<=JIE%I;CG%QGGA% =\% =E%I;P% E;SGA% EI;E% EM?A% ?;EIG?% EI;A% EI=D_%#E% E=<GDR%H?@Q;Q>N%;>>%@\%MD%I;CG%;DSGP%@M?DG>CGD% EIG%BMGDE=@A%@\%`I;E%`@M>P%I;CG%I;HHGAGP%=\_%/@<GE=<GD%`G%;?G%;>D@%;>>@`GP%E@%L;ELI%;%J>=<HDG%@\%`I;E%@M?%>=CGD%L@M>P%I;CG%QGGA%>=SG%=\%;E%@AG%E=<G%`G%I;P%I;HHGAGP%E@% QG% =A% ;A@EIG?% H>;LG_% $I=D% =D% <;NQG% ;E% =ED% <@DE% @QC=@MD% =A% AG;?4

9*#6#37&8!%#2('F!%&*&J(!Q!%.&!7$)&(*()6&!6+3.%$&''!#A!)&+$3!

!

D @ = !

;LL=PGAEDR% `IG?G% @M?% >=\G% =A% @AG% `;N% @?% ;A@EIG?% IMAJ% QN% ;% EI?G;PR%Vh=CG%@?%E;SG%D@<G%<GE?GDR%;AP%.%L@M>P%I;CG%QGGA%PG;PoXR%QME%=E%<;N%;>D@%E;SG%@A%<@?G%<MAP;AG%\@?<D%;D%=AR%V.\%.%I;P%J@AG%E@%EI;E%H;?EN%;D%.%H>;AAGP%;AP%A@E%\;>>GA%;D>GGHR%.%L@M>P%\=A;>>N%I;CG%QGGA%;Q>G%E@%<GGE%;AP%E;>S%`=EI%I=<X_%%

.%<;N%EI=AS%;Q@ME%`I;E%L@M>P%I;CG%QGGA%P=\\G?GAE% =A%<N%>=\G%`=EI%P?G;PR%LM?=@D=ENR%?GJ?GE%;AP%`@APG?_%KN%?G\>GLE=@A%<;N%E;SG%EIG%\@?<%@\% Q@EI% `=DI=AJ% EI;E% EIG% L=?LM<DE;ALGD% I;P% QGGA% P=\\G?GAE% ;AP% @\%`=DI=AJ%EI;E%.%I;P%;LEGP%MH@A%EIG<%P=\\G?GAE>N%QN%<;S=AJ%;%P=\\G?GAE%LI@=LG_%)ME%GCGA%`IGA%.%EI=AS%EI;E%`I;E%I;HHGAGP%`;D%=A%D@<G%`;N%MH%E@%<GR%EIG?G%<;N%QG%EIG%\GG>=AJ%@\%<=DD=AJ%EIG%<@<GAE_%a:\_%VY=P%.%<=DD%<N%@AG%LI;ALG%@\%I;HH=AGDDZXb%%

$IGDG% L@AD=PG?;E=@AD% L;A% QG% DGGA% ;D% H@=AE=AJ% MD% E@`;?PD% E`@%P=\\G?GAE%`;ND%@\%DHG;S=AJ%;Q@ME%<G;A=AJ%=A%EIG%L@AEGgE%@\%>@CG_%T=?DER%EIG?G% =D% EIG% BMGDE=@A% ;Q@ME% I@`% P=\\G?GAE% L@=AL=PGALGD% ;AP%L=?LM<DE;ALGD%E;SG%@A%<G;A=AJ%=A%EIG%VDE@?N%@\%@M?%>@CGX_%$I=D%=D%A@E%@A>N% E?MG% @\% >@CG_% #A% ;LL=PGAER% EIG% >@DD% @\% D@<GQ@PN% L>@DG% @?R% @A% ;%<@?G% H@D=E=CG% A@EGR% EIG% Q=?EI% @\% ;% LI=>P% @?% EIG% QGJ=AA=AJ% @\% ;% AG`%L;?GG?%<;N%;>>%QG%GCGAED%EI;E%=A%D@<G%`;ND%LI;AJG%@M?%>=\G_%'@CG%<;N%;>D@% IG>H% MD% \=AP% <G;A=AJ% =A% D@<GEI=AJ% EI;E% P@GD% A@E% DGG<%<G;A=AJ\M>%;E%\=?DE_%%

/GL@APR%`G%<;N%?G\>GLE%@A%EIG%A@E=@A%EI;E%EIG?G%`;D%D@<G%VPGGHG?%<G;A=AJX%=A%@M?%<GGE=AJR%EI;E%=A%D@<G%`;N%`G%`G?G%V<G;AE%E@%QGX_%.E%=D%G;DN%E@%DI?MJ%@\\%DMLI%E;>S%;D%<G?G%DMHG?DE=E=@A%@?%E@%EI=AS%EI;E%=E%=D%HI=>@D@HI=L;>>N% L@A\MDGP% =A% @EIG?% `;NDR% D=ALG% =E% =<H>=GD% ;% \@?<% @\%\;E;>=D<% @?% QG>=G\% =A% PGDE=AN% EI;E% L;AA@E% QG% ?;E=@A;>>N% ^MDE=\=GP_%"G?G%;AP% =A% EIG% \@>>@`=AJ%LI;HEG?DR% .%`=>>% DI@`%I@`% EI=AS=AJ% EI;E% >@CG% =D%PGEG?<=AGP%QN%\@?LGD%GgEG?A;>%E@%MD%<;N%;>D@%QG%GgH?GDD=CG%@\%;%<@?;>%EG<HE;E=@A%A@E%E@%E;SG%\M>>%?GDH@AD=Q=>=EN%\@?%EIG%@EIG?%=A%>@CG_%$I=D%=D%L@<H;?;Q>G%E@%EIG%?@>G%;A%GgEG?A;>%GgH>;A;E=@A%@\%>@CG%<;N%QG%J=CGA%=A%DL=GAE=\=L%@?%HI=>@D@HI=L;>%P=DL@M?DG_%%

"@`GCG?R% GCGA% =\%`G%<;N% G;D=>N% DM<<@A%MH%H=LEM?GD% \?@<% \=><D%;AP%>=EG?;EM?G%@\%`I;E%=E%<G;AD%\@?%<;ELIGD%E@%QG%V<;PG%=A%IG;CGAXp`G%DGG%E`@%HG@H>GR%;D%=E%`G?GR%P?=\E=AJ%E@`;?PD%G;LI%@EIG?%EI?@MJI%;%LI;=A%@\%MA>=SG>N%GCGAEDp`G%P@%A@E%I;CG%E@%EI=AS%EI;E%QN%D;N=AJ%V@M?%>@CG% I;P% E@% QGX% @AG% =D% AGLGDD;?=>N% L@<<=EEGP% E@% H?@<@E=AJ% ;% L>G;?%H=LEM?G%@\%PGDE=AN%@?%\;EG%@\%EI=D%S=AP_%K;AN%HG@H>G%D;N=AJ%DMLI%EI=AJD%;?G% BM=EG% C;JMG% ;Q@ME% `I;E% =E% <G;AD% @?% ?GL>MLE;AE% E@% J=CG% =E% ;AN%P=DE=ALE%<G;A=AJ_%*\EGAR%D;N=AJ%EI=D% =D%;>D@%EIG%GAP%@\%;%L@ACG?D;E=@A%?;EIG?%EI;A%EIG%QGJ=AA=AJ%@\%=E_%l;EIG?%EI;A%>@@S=AJ%;E%EIGDG%?G;LE=@AD%;D%GgH?GDD=CG%@\%;%QG>=G\% =A% D@<G%MAPG?>N=AJ%<G;A=AJ%@?% DE?MLEM?G%#*%

2 & ( $ + $ 3 !

! !

D @ H !

>=\GR% .% `=>>R% EIG?G\@?GR% =ACGDE=J;EG% `I;E% =E% <;N% <G;A% E@% DGG% EIG<% ;D%GgH?GDD=CG%@\%EIG%<G;A=AJ%@AG%<;N%\=AP%4-!>=\G%=A%>@CG_%

$IG% P=\\G?GAE% HG?DHGLE=CGD% EI;E% $@<;D% ;AP% $G?Ge;% E;SG% @A% EIG%L@AE=AJGAL=GD%@\%EIG=?%?G>;E=@ADI=H%=D%H@?E?;NGP%EI?@MJI%EIG=?%P=\\G?GAE%?G;LE=@AD%E@`;?PD%LI;ALG%;AP%AGLGDD=EN_%TM?EIG?<@?G%EIGN%?G>;EG%E@%EIG%>=JIEAGDD%;AP%IG;C=AGDD%@\%>=\G%EI;E%=D%EIG%JGAG?;>%EIG<G%@\%(MAPG?;iD%Q@@S_% $@<;D% \=APD% <G;A=AJ% ;AP% `G=JIE% @A>N% =A% `I;E% I;HHGAD% @\%AGLGDD=ENR% =A%`I;E%<MDE%QG0%V$IG%`G=JIEN%?GD@>ME=@A678% =D%;E%@AG%`=EI%EIG% C@=LG% @\% T;EG% a>T5! '055! 5&4-Kbn% AGLGDD=ENR% `G=JIE% ;AP% C;>MG% ;?G%EI?GG% L@ALGHED% =AGgE?=L;Q>N%Q@MAP0%@A>N%AGLGDD=EN% =D%IG;CNR%;AP%@A>N%`I;E%=D%IG;CN%I;D%C;>MGX%a(MAPG?;%713mR%c6b_%%

$@<;DiD% C=G`% L;A% EIMD% QG% MAPG?DE@@P% =A% EIG% >=JIE% @\% ;% LG?E;=A%L@ALGHE=@A% @\% \;EGR%`I=LI% L@AD=PG?D% LG?E;=A% EI=AJD% E@% QG%PGEG?<=AGP_%$I=AJD%;?G%<G;A=AJ\M>R%QGL;MDG%=A%D@<G%`;N%EIGN%`G?G%<G;AE%E@%QG_%$IGN% I;CG% E@% I;HHGA% ;AP% `@M>P% I;HHGA% ?GJ;?P>GDD% @\% @M?% @`A%`=DIGD% @?% LI@=LGD_% *A% EI=D% L@ALGHE=@AR% @AG% >@@SD% ;E% `I;E% I;HHGAD%;><@DE% >=SG% ;% A;EM?;>% >;`R% ;>EI@MJI% J@=AJ% =AE@% ;% P=DLMDD=@A% @\%`I;E%EI;E%L@M>P%<G;A%=D%Q@MAP%E@%GAP%MH%=A%L@A\MD=@A_%.E%=D%@M?%>@E%E@%E;SG%EIG%DE?=SGD%EI;E%\;EG%PG;>D%MD_%!G%AGGP%E@%L;??N%@M?%QM?PGA_%$IMDR%EIG%<G;A=AJ%@\%>=\G%=D%PGEG?<=AGP%QN%\@?LGD%GgEG?A;>%E@%MD_%%

T?@<% EI=D% H@=AE% @\% C=G`R%`I;E% I;HHGAD% QN% LI;ALG%<;N% G;D=>N% QG%L@ADE?MGP%;D%BM=EG%<G;A=AJ>GDD_%T?@<%$G?Ge;iD%HG?DHGLE=CGR%I@`GCG?R%AGLGDD=EN%=D%?;EIG?%?GJ;?PGP%;D%V<MEGX_%.E%=D%A@E%H?GL=DG>N%<G;A=AJ>GDDR%QME%=E%P@GD%A@E%L;??N%`=EI%=E%;AN%H;?E=LM>;?%<G;A=AJ%G=EIG?_%Xv.wD%A@E%;A%GCGAE%=A%\;LE%<@?G%D=JA=\=L;AE%;AP%A@EG`@?EIN%EIG%J?G;EG?%EIG%AM<QG?%@\% \@?EM=E=GD% AGLGDD;?N% E@% Q?=AJ% =E% ;Q@MEZX% a(MAPG?;% 713mR% m3b_%/@<GEI=AJ% D@% MAGgHGLEGPR% D@% MAH>;AAGPR% DIG% EI=ASDR% L@M>P% A@E%I;HHGA%;AP%A@E%I;CG%;AN%<G;A=AJ_%#E% >G;DE%DIG%?MDIGD% E@%\=AP%D@<G%<G;A=AJ%=A%=E_%$I=D%=PG;R%;J;=AR%L;A%QG%L@<Q=AGP%`=EI%;%L@ALGHE=@A%@\%\;EG_%"@`%L@M>P%D@%<;AN%L@=AL=PGALGD%^@=A%E@JGEIG?%E@%L?G;EG%;A%GCGAE%=\% EIG?G%`G?G%A@%PGGHG?%H>;A%QGI=AP% =EZ%$IG% EI@MJIE% EI;E% D@<GEI=AJ%`;D%^MDE%;%L@=AL=PGALG%<=JIE%QG%IG;CN%E@%QG;?R%QME%EIGA%;J;=A%=E%<=JIE%A@E%QG_%

.%P=P%A@E%J=CG%EIG%LI;?;LEG?D%@\%(MAPG?;iD%A@CG>%D@%<MLI%DH;LG%E@%PGL=PG% `IGEIG?% AGLGDD=EN% @?% LI;ALG% =D% QGEEG?% DM=EGP% E@% PG\=AG% EIG%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%678%#LL@?P=AJ%E@%(MAPG?;%a713mb%V)GGEI@CGA%=AE?@PMLGP%EIG%<@CG<GAE%vL@AD=DE=AJ%@\%EIG% ;>?G;PN% SA@`A%<@E=\% V&D%<MDD% DG=AX% =A%#>>GJ?@% ;AP% EIG% @EIG?%<@E=\% HME% =A% EIG%BMGDE=@A%VKMDD%GD%DG=AZX%=A%h?;CGw%`=EI%;%HI?;DGR%V%YG?%DLI`G?%JG\;DDEG%&AEDLI>MDDXR%`I=LI% =D% L@<<@A>N% E?;AD>;EGP% ;D% VEIG% P=\\=LM>E% ?GD@>ME=@AX% ac6b% QME% L@M>P% V;>D@% QG%L@ADE?MGP%;D%;%VIG;CNX%@?%V`G=JIEN%?GD@>ME=@AX%ac6b_%

9*#6#37&8!%#2('F!%&*&J(!Q!%.&!7$)&(*()6&!6+3.%$&''!#A!)&+$3!

!

D @ @ !

LI;?;LEG?% @\% \;EG_% l;EIG?% EIGDG% LI;?;LEG?D% J=CG% MD% ;A% @HH@?EMA=EN% E@%?G\>GLE% @A%`I;E% =E%<=JIE%<G;A% E@% ?GJ;?P% >=\G% ;AP% >@CG% =A% EIG% >=JIE%@\%EIGDG% L@ALGHED_% $IGN% ;>D@% EG>>% EIG% DE@?N% ;Q@ME% EIG% C4-.! #*! H&(5#-%`I@%`@M>P% QG% =AL>=AGP% E@% >@@S% ;E% >=\G% ;AP% >@CG% =A% EI=D% `;N_% #DS=AJ% ;AP%E?N=AJ%E@%;AD`G?%EIG%BMGDE=@A%@\%`I;E%=E%<G;AD%E@%EI=AS%@\%@AGiD%>@CG%=A%EI=D%>=JIE%=D%A@E%@A>N%;A%;EEG<HE%E@%DGG%EIG%P=\\G?GAE%`;ND%=A%`I=LI%HG@H>G%<;N%?G;LE%E@%L@=AL=PGALGD%@?%AGLGDD=EN_%.E%=D%;>D@%;A%=AC=E;E=@A%E@%?G\>GLE%@A%`I;E%=E% =D%E@%?GJ;?P%D@<GEI=AJ%;D%AGLGDD;?N%@?%L@=AL=PGAE;>%=A%EIG%\=?DE%H>;LG_%%

$@<;DiD%;AP%$G?Ge;iD%EI=AS=AJ%;Q@ME%AGLGDD=EN%@?%LI;ALG%?GCG;>D%;%EG<HE;E=@A% E@% EI=AS% EI;E% EIG?G% ;?G% ;DHGLED% @\% EIG% `@?>P% `I=LI% ;?G%=APGHGAPGAE%@\%EIG<%;AP%`I=LI%=A%D@<G%`;N%PGEG?<=AG%EIG%<G;A=AJ%EIG=?% >@CG%<;N%I;CG% \@?% EIG<_%#J;=ADE% EI=DR% .%`=>>% ;?JMG% EI;E% EIG?G% =D%L@A\MD=@A% =A% EIG% =PG;% EI;E% `G% L@M>P% <;SG% DGADG% @\% ;% L@ALGHE% @\%<G;A=AJ%EI;E%=D%A@E%?G>;EGP%E@%I@`%`G%>=CG%@M?%>=\G_%:@ADGBMGAE>N%EIG%EG?<D%=A%`I=LI%$@<;D%;AP%$G?Ge;%<;SG%DGADG%@\%EIG=?%>=CGD%GgH?GDD%;%P=\\G?GALG%=A%EIG%<G;A=AJ%EIGN%;?G%;Q>G%E@%\=AP%=A%EIG=?%>=\G_%%

$IG?G% =DR% ;D% =E% `G?GR% A@EI=AJ% =A% EIG% GCGAED% >G;P=AJ% MH% E@% EIG=?%<GGE=AJ%EI;E%<;?S%EIG<%;D%G=EIG?%AGLGDD;?N%@?%L@=AL=PGAE;>%;D%DMLI_%.E%=D%A@E%;D%=\%;>>%EIG%GCGAED%@\%EIG%`@?>P%G=EIG?%I;HHGA%QN%LI;ALG%@?%QN%AGLGDD=EN%D@%EI;E%`G%D=<H>N%L;A%J@%@ME%=A%EIG%`@?>P%E@%LIGLS%`IGEIG?%EIGN%`G?G% =APGGP%AGLGDD;?N%@?%L@=AL=PGAE;>_%:@AD=PG?=AJ% EI;E%HG@H>G%\;>>% =>>R%;AP%A@E%@A>N%HG@H>G% =A%D<;>>%C=>>;JGD%QME%;>D@%LI=G\%DM?JG@ADR%;AP%EI;E%$@<;D%`;D%EIG%AGgE%=A%>=AG%\@?%G<G?JGALN%@HG?;E=@ADR%`G%P@%A@ER% \@?%@AG%EI=AJR%I;CG%E@%EI=AS%EI;E% =E%`;D%GDHGL=;>>N%50(H(454-+% EI;E%IG%GAPGP%MH%=A%$G?Ge;iD%C=>>;JGR%A@E%GCGA%=A%EIG%I@EG>%`IG?G%DIG%`;D%`@?S=AJR% D=ALG% EIG?G% `G?G% @A>N% ;% \G`% @EIG?% I@EG>D% =A% EIG% C=>>;JG_%(A@`=AJ% EI;E% $@<;D% =D% H@?E?;NGP% ;D% ;% `@<;A=eG?R% GCGA% <;SGD% =E%DGG<%BM=EG%#(.4-,()R%@?%AGLGDD;?NR%EI;E%IG%`@M>P%<GGE%D@<G%E@`A%J=?>R%;AP%I;CG%;%\>=AJ%`=EI%IG?%PM?=AJ%I=D%E@M?%=A%EIG%:eGLI%L@MAE?ND=PG_%%

!G%<;N%;>D@%EI=AS%EI;E%=E%`;D%I=JI>N%H(#?,?8&%EI;E%$G?Ge;%`@M>P%QG%;E% EIG% I@EG>% ;E% EIG% D;<G% E=<G% ;D% $@<;D%`;D_% .E%`;D% IG?%`@?S4H>;LG%;\EG?%;>>R%;AP%GCGA%=\%EIGN%I;P%A@E%<GE%;E%EIG%E=<G%EIGN%P=PR%EIGN%<=JIE%I;CG%?MA%=AE@%G;LI%@EIG?%;E%D@<G%@EIG?%H@=AE%@\%I=D%DE;N%EIG?G_%.A%EI;E%DGADG%=E%<=JIE%;>D@%I;CG%QGGA%QG%L@AD=PG?GP%;%L@=AL=PGALG%=\%EIGN%I;P%A@E%<GE_%#D%\@?%EIG%?;P=@%H>;N=AJ%)GGEI@CGA%;AP%$@<;D%>=C=AJ%=A%?@@<%AM<QG?% D=gR% D@<GEI=AJ% G>DG% EI;E% I;HHGAGP%<=JIE% ;D%`G>>% I;CG% QGGA%GAP@`GP%`=EI%<G;A=AJ%=A%?G>;E=@A%E@%EIG=?%<GGE=AJ_%%

/;N=AJ% EI=DR% .% P@% A@E% `;AE% E@% >GDDGA% EIG% =<H@?E;ALG% EIGDG%L@=AL=PGALGD%I;P%\@?%$@<;D%;AP%GDHGL=;>>N%\@?%$G?Ge;R%A@?%;?JMG%EI;E%EIGN%`@M>P%QG%QGEEG?%MAPG?DE@@P%=A%;AN%@EIG?%`;N_%l;EIG?% .%`;AE% E@%

2 & ( $ + $ 3 !

! !

< G G !

H@=AE% @ME% EI;E% =E% =D% @A>N% QGL;MDG% $@<;D% I;P% EI=D% \>=AJ% A@E%`=EI% ;AN%E@`A%J=?>%QME%`=EI%$G?Ge;R%EI;E%EIGN%;AP%`G%L@<G%E@%>@@S%MH@A%EIGDG%GCGAED% ;D% L@=AL=PGALGD% ;AP% A@E% MAPG?% ;AN% @EIG?% PGDL?=HE=@A_% .\% EIGN%I;P%A@E%QGGA%H;?E%@\% EIG=?%I=DE@?N% E@JGEIG?%`G%`@M>P%<@DE%H?@Q;Q>N%A@E%L@AD=PG?%EIG<%=A%EIG%\=?DE%H>;LG_%

#D%(MAPG?;%HMED%=E0%%*M?%P;N4E@4P;N%>=\G%=D%Q@<Q;?PGP%`=EI%\@?EM=E=GD%@?R%E@%QG%<@?G%H?GL=DGR% `=EI% EIG% ;LL=PGAE;>% <GGE=AJD% @\% HG@H>G% `G% L;>>%L@=AL=PGALGD_% v___w%!G% P@% A@E% GCGA% A@E=LG% EIG% J?G;E% <;^@?=EN% @\%DMLI% L@=AL=PGALGD_% .\% EIG% DG;E% $@<;D% @LLMH=GP% I;P% QGGA%@LLMH=GP%=ADEG;P%QN%EIG%>@L;>%QMELIG?R%$G?Ge;%AGCG?%`@M>P%I;CG%A@E=LGP% EI;E% EIG% ?;P=@% `;D% H>;N=AJ% )GGEI@CGA% aEI@MJI% EIG%<GGE=AJ%@\%)GGEI@CGA%;AP%EIG%QMELIG?%`@M>P%;>D@%I;CG%QGGA%;A%=AEG?GDE=AJ%L@=AL=PGALGb_%)ME%IG?%A;DLGAE%>@CG%=A\>;<GP%IG?%DGADG%@\% QG;MENR% ;AP% DIG% `@M>P% AGCG?% \@?JGE% EI;E% <MD=L_% a(MAPG?;%713mR%57b%%

.E%=D%@A>N%;J;=ADE%EIG%Q;LSJ?@MAP%@\%EIG=?%>@CG%;AP%`I;E%EI=D%>@CG%I;D%L@<G% E@% <G;A% \@?% EIG<% EI;E% EIGDG% I;HHGA=AJD% I;CG% <G;A=AJ% ;D%L@=AL=PGALGD% @?% \@?EM=E=GDR% >;MJI;Q>GR% <;J=L;>% @?% `@AP?@MD_% $I=DR%;J;=AR% =D% ;% ?G<=APG?% @\% EIG% AGGP% \@?% L@AEGgE% \@?% <;S=AJ% DGADG% @\%H;?E=LM>;?% ;DHGLED% @\% @M?% >=\Gn% DGG=AJ%I@`% EIGN% ;?G% ?G>;EGP% E@% MD% ;AP%@EIG?%;DHGLED%@\%@M?% >=\G%;AP%A@E% E?N=AJ% E@%H?@C=PG%;A%GgH>;A;E=@A%@\%`I;E% EIGN% ;?G% =A% $%&'5&83&5_% l;EIG?% EI;A% EI=AS=AJ% EI;E% AGLGDD=EN% @?%LI;ALG% ;?G% @,05,88)% L@AAGLEGP% `=EI% EIG% <G;A=AJ% `G% DGG% =A% >=\GpHG?DHGLE=CGD%@A%>=\G%EI;E% =A%D@<G%`;N%\@?LG%EIG<DG>CGD%@A%MDp=E% =D%;%?G<=APG?%EI;E%DGG=AJ%D@<GEI=AJ%;D%<G;A=AJ\M>%=A%;AN%`;N%=D%;A%;DHGLE%@\% 4-$&-$4#-,84$)_% .E% =D% @A>N% =A% LG?E;=A% D=EM;E=@AD% EI;E% EIG% BMGDE=@A%`IGEIG?%D@<GEI=AJ%I;HHGAGP%QN%L@=AL=PGALG%@?%QN%AGLGDD=EN%;?=DGD_%

:;>>=AJ% D@<GEI=AJ% ;% L@=AL=PGALG%<;N% QG% ;%`;N% @\% <;?S=AJ% =E% ;D%MAGgHGLEGPR% MAH>;AAGP%@?% DM?H?=D=AJ_% .% P@%A@E% ?MA% =AE@% DE?;AJG?D% =A%EIG%DE?GGE%QN%LI;ALGR%QME%<GGE=AJ%;A%;LBM;=AE;ALG%=A%EIG%DE?GGE%<;N%QG%;% L@=AL=PGALGn%<GGE=AJ%I=<%@?%IG?%@A%;% E?=H% ;Q?@;P%<;N%QG% ;A%GCGA%J?G;EG?%L@=AL=PGALG%DE=>>_%"@`GCG?R%=E%=D%A@E%;%L@=AL=PGALG%EI;E%.%<GGE%;%\?=GAP% ;E% EIG% H>;LG% ;AP% EIG% E=<G% ;E% `I=LI% `G% I;P% PGL=PGP% E@% <GGE%G;?>=G?% ;>EI@MJI% LG?E;=A% L@=AL=PGALGDR% DMLI% ;D% <=DD=AJ% EIG% QMDR% @?%?MAA=AJ%=AE@%;A%@>P%;LBM;=AE;ALG%@A%EIG%`;NR%<;N%>G;P%MH%E@%@AG%@\%MD%QG=AJ% >;EG% \@?%@M?%<GGE=AJ_%$IMDR% ?G\G??=AJ% E@% L@=AL=PGALGD% =D% @AG%`;N%@\%D;N=AJ%EI;E%D@<GEI=AJ%`;D%A@E%MH%E@%<G%@?%<N%H>;AA=AJ_672%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%672%!G%<;NR%@\%L@M?DGR%;>D@%H>;A%\@?%EIG%MAGgHGLEGP_%.%<;NR%\@?%=ADE;ALGR%<;SG%DM?G%EI;E%EIG?G%=D%GA@MJI%GgE?;%E=<G%\@?%D@<GEI=AJ%MAGgHGLEGP%E@%I;HHGA%PM?=AJ%;%E?=H%E@%DE=>>%

%

9*#6#37&8!%#2('F!%&*&J(!Q!%.&!7$)&(*()6&!6+3.%$&''!#A!)&+$3!

!

< G ; !

:@ACG?DG>N%D;N=AJ%EI;E%D@<GEI=AJ%`;D%AGLGDD;?N%@\EGA%<G;AD%EI;E%D@<GEI=AJ%L@M>P%QG%GgHGLEGP% E@%I;HHGA_%$IG?G%`;DR%D;NR%VA@%`;N%@\%;C@=P=AJX% ;A% ;LL=PGAE% @A% EIG% =LN% ?@;PD_% $I=D% ?G\G?GALG% E@% \@?LGD%GgEG?A;>%E@%MD%<;N%QG%Q@EI%;A%GgLMDG%;AP%;%`;N%E@%>GDDGA%EIG%JM=>E%@\%EIG%@AG%`I@%DE=>>%EI=ASD%DIG%@?%IG%L@M>P%I;CG%P@AG%D@<GEI=AJ%G>DG_%.A%;%P=\\G?GAE% D=EM;E=@A% ;AP% ;% P=\\G?GAE% DGADGR% D;N=AJ% EI;E% D@<GEI=AJ% =D%AGLGDD;?N%<;N%QG%;%`;N%@\%G<HI;D=e=AJ%EIG%=<H@?E;ALG%@\%D@<GEI=AJ0%V.E%=D%AGLGDD;?N%EI;E%N@M%L@<G%E@%EI=D%<GGE=AJ%a@EIG?`=DGzbX_%

.A% D@<G% D=EM;E=@ADR% EIGAR% D;N=AJ% EI;E% D@<GEI=AJ%`;D% AGLGDD;?N% =D%EIG%@HH@D=EG%@\% D;N=AJ% EI;E% =E%`;D%;%L@=AL=PGALG_%"@`GCG?R% EI=D%P@GD%A@E%<G;A% EI;E%`IGAGCG?%`G% D;N% EI;E% D@<GEI=AJ% P=P% A@E% I;HHGA% QN%L@=AL=PGALG% =E% I;HHGAGP% QN% AGLGDD=EN_% #>EI@MJI% =E% `;D% A@E% ;%L@=AL=PGALG%EI;E%<N%\?=GAP%`;D%;E%;%<GGE=AJ%`G%I;P%PGL=PGP%@AR%EI=D%P@GD%A@E%<G;A%EI;E%=E%`;D%AGLGDD;?N%EI;E%IG%@?%DIG%`;D%EIG?G_%#D%`G%I;CG% DGGAR% EI=AJD% <=JIE% I;CG% L@<G% =A% QGE`GGAR% EIG?G% <;N% QG%<=DMAPG?DE;AP=AJ_%"@`GCG?R%EI=D%P@GD%A@E%<G;A%EI;E%.%`;D%`?@AJ%E@%QG%LG?E;=A%EI;E%<N%\?=GAP%`@M>P%QG%EIG?G_%%

$I=D%LG?E;=AENR%I@`GCG?R% =D%A@E%EIG%LG?E;=AEN%@\%L;MD;>%AGLGDD=ENR% =A%EIG% DGADG% @\% J?;C=EN% HM>>=AJ% @Q^GLED% E@`;?PD% EIG% G;?EIR% @?% `;EG?%\?GGe=AJ%;E%F°%:_%l;EIG?R%=E% =D%EIG%LG?E;=AEN%@\%\?=GAPDI=HR%@\%E?MDER%@\%;%>=\G%=A%`I=LI%HG@H>G%<;SG%;HH@=AE<GAED%;AP%=A%`I=LI%=E%<;EEG?D%E@%MD%EI;E%HG@H>G%;?G%`IG?G%EIGN%D;N%EIGN%`=>>%QG_%.E%=D%=A%EIG%>=JIE%@\%EI=D%>=\G%.%DI;?G%`=EI%@EIG?D%EI;E%.%;<%;Q>G%E@%D;N%EI;E%V.%I;CG%E@%QG%D@<G`IG?GX%@?% V.E% =D% AGLGDD;?N% EI;E% .% ;<% EIG?GX% E@% GgH>;=A% `IN% .% I;CG% E@% J@%D@<G`IG?GR%@?%`=EI%;QD@>MEG%LG?E;=AEN%D;NR%V"G%`=>>%L@<GX_%

$IG% VAGLGDD=ENX% `G% ;?G% L@ALG?AGP% `=EI% =A% EIGDG% L;DGDR% EIGAR% =D%?;EIG?%;%V'#(,8%AGLGDD=ENX_%!IGA%`G%DHG;S%@\%HG@H>G%<GGE=AJR%;AP%A@E%\@?%=ADE;ALG%@\%`;EG?%\?GGe=AJR%EIG?G%;?G%@EIG?%EI=AJD%EI;A%LI;ALG%;AP%AGLGDD=ENR% DMLI%;D% =AEGAE=@ADR%H>;ADR% LI@=LGDR%PGL=D=@AD% ;AP%H?@<=DGDR%EI;E%L@<G%=AE@%@M?%MAPG?DE;AP=AJ%@\%HG@H>GiD%;LE=@AD%;AP%EIG%<G;A=AJ%`G%DGG%=A%EIG<_%/HG;S=AJ%@\%;LE=@AD%=A%=EDG>\%=<H>=GD%=AEGAE=@A;>=ENR%;AP%EI=D% ;>D@% ?;=DGD% ;% BMGDE=@A% @\% ?GDH@AD=Q=>=EN_% !G% I@>P% HG@H>G%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%QG% ;Q>G% E@% <;SG% =E% I@<G% @A% E=<GR% @?% .% <;N% E;SG% =AE@% ;LL@MAE% EI;E% ;% P?=CG% `=>>%AGLGDD;?=>N% QG% >@AJG?% EI;A% MDM;>% QGL;MDG% @\% EIG% =LN% ?@;PD_% $I;E% .% L;A% L@AE?@>% EIGDG%L=?LM<DE;ALGD% E@% D@<G% GgEGAE% @\% L@M?DG% ;>D@%<G;AD% EI;E% EIG?G%<;N%QG%P=D;J?GG<GAE%;Q@ME%EIG%GgEGAE%E@%`I=LI%EI=D%=D%H@DD=Q>G_%/@<G@AG%<=JIER%\@?%=ADE;ALGR%A@E%;LLGHE%;AN%?G\G?GALG% E@% EIG%`G;EIG?R%@?%<=DD=AJ%;%QMD%GEL_R%;D%;A%GgLMDG% \@?%QG=AJ% >;EGR% D=ALG%`G%L@M>P%I;CG%E;SGA%EIGDG%EI=AJD%=AE@%;LL@MAE%QG\@?G%`G%DGE%@\\R%`I=>G%<@DE%@\%MD%`@M>P%H?@Q;Q>N%QG%>GDD%DE?=LE_%!I;E%`G%E;SG%;D%;A%;HH?@H?=;EG%GgLMDG%`=>>%;>D@%C;?N%`=EI%EIG%@LL;D=@A% `G% ;?G% >;EG% \@?_% .E% =D% @AG% EI=AJ% E@% QG% >;EG% \@?% ;% >GLEM?GR% ;A@EIG?% \@?% @AGiD%`GPP=AJ_%

2 & ( $ + $ 3 !

! !

< G D !

;LL@MAE;Q>G% \@?% EIG=?% ;LE=@AD% ;AP% H?@<=DGDR% E?MDE=AJ% EI;E% EIGN%<G;A%`I;E%EIGN%D;N_%

$IMDR%GCGA% EI@MJI%$@<;D% >G\E%ÉM?=LI%`=EI% EIG% \GG>=AJ% EI;E%IG% ^MDE%I;P% E@% \@>>@`%$G?Ge;R% .%`@M>P% DMJJGDE% EI;E% EI=D% \GG>=AJ% @\% A@E% QG=AJ%;Q>G% E@%;LE%@EIG?`=DG%`;D%A@E%;%?GDH@ADG% E@% EIG%C@=LG%@\%AGLGDD=EN%@?%PGDE=ANR%QME%;%?GDH@ADG% E@% EIG%C@=LG%@\% >@CG_673% .E%`;D%A@E%D@<G%@MEG?%AGLGDD=EN% @\% EIG% `@?>P% EI;E% PGEG?<=AGP% I=D% ;LE=@ADR% QME% EIG% =AAG?%AGLGDD=EN%@\%>@CG%@?%L@<H;DD=@A%a`I=LI%(MAPG?;%;Q@MEb%`I=LI%DGE%I=<%<@C=AJ_%)N%=AAG?%?;EIG?%EI;A%@MEG?%AGLGDD=EN%.%<G;A%EI;E%GCGA%=\%IG%@?%`G%<;N%D;N%EI;E%IG%VI;P%E@X%J@R%EI=D%=D%A@E%=AEG>>=J=Q>G%=APGHGAPGAE>N%@\% >@CG% QME% @A>N%<;SGD% DGADG% =A% EIG% >=JIE% @\% =E_% .A% @EIG?%`@?PDR% EIG%AGLGDD=EN%IG%\G>E%`;D%=AEG?A;>%E@%I=D%>@CG_%%

$@<;DiD% ?G>MLE;ALG% E@% ?GJ;?P% I=D% ;LE=@AD% =A% EIG% >=JIE% @\% >@CGR%I@`GCG?R%I;D%E@%QG%DGGA%=A%?G>;E=@A%E@%@EIG?%;DHGLED%@\%I=D%>=\G_%)G\@?G%<GGE=AJ%$G?Ge;R%IG%I;PR%\@?%@AG%EI=AJR%GgL>MPGP%;>>%>@CG%\?@<%I=D%>=\G%=A% \;C@M?% @\% ;% >=\G% `=EI% VG?@E=L% \?=GAPDI=HDX% `=EI% DGCG?;>% `@<;A_%$IGDG% \?=GAPDI=HD% `G?G% ;A% =ACGAE=@A% L?G;EGP% ;D% ;% L@<H?@<=DG%QGE`GGA% I=D% \G;?% @\% ;AP% PGD=?G% \@?% `@<GA% a(MAPG?;% 713mR% 76b% ;AP%?GBM=?GP% ;% LG?E;=A% P=DE;ALG% D=ALG% ;AN@AG% J?@`=AJ% L>@DG% `@M>P%EI?G;EGA% I=D% ;??;AJG<GAE_% $I=D% J;CG% I=<% EIG% \GG>=AJ% @\% QG=AJ% EIG%<;DEG?%@\%I=D%@`A%>=\G%;AP%I=D%?G>;E=@ADI=HD%=A%;%`;N%EI;E%@AG%L;A%@A>N%QG%QN%A@E%>GEE=AJ%;AN@AG%=AE@%=E_%%

$G?Ge;R% I@`GCG?R% Q?=PJGP% EIG% P=DE;ALG% IG% I;P% L?G;EGP% QGE`GGA%I=<DG>\% ;AP% @EIG?% HG@H>G% ;AP% \@MAP% IG?% `;N% =AE@% I=D% >=\GR% GC@S=AJ%=<;JGD% =A%I=<%@\%IG?%QG=AJ% DGAE% E@%I=<%;D% V;% LI=>P%HME% =A% ;%QM>?MDI%Q;DSGE%;AP%DGAE%P@`ADE?G;<_%"G%L@M>PAiE%CG?N%`G>>%>GE%;%Q;DSGE%`=EI%;%LI=>P%=A%=E%\>@;E%P@`A%;%DE@?<N%?=CG?oXa(MAPG?;%713mR%7Fb_%'=SG%A@%@AG%G>DG%DIG%<;A;JGP%E@%;`;SGA%I=D%L@<H;DD=@A%;AP%>@CG_%&CGA%D@R%IG%I;P%H?@Q>G<D% ?GL@AL=>=AJ%`=EI% EIGDG% \GG>=AJD_% &CGA%`IGA% $G?Ge;%<@CGP%=AE@%I=D%H>;LG%;AP%EIGN%<;??=GPR%IG%P=P%A@E%`;AE%E@%J=CG%MH%I=D%G?@E=L%\?=GAPDI=HD%L>;=<=AJ%EI;E%EIGN%VP=P%A@E%=A%EIG%>G;DE%?MA%L@MAEG?%E@%I=D%>@CG%\@?%IG?X%a(MAPG?;%713mR%78b_%%

"G%P=PR%I@`GCG?R%L@AD=PG?%VIG?%\=PG>=EN%;A%MAL@AP=E=@A;>%H@DEM>;EG%@\% EIG=?%?G>;E=@ADI=HX%a(MAPG?;%713mR%72b%`I=LI%;>D@%DI@`GP% =EDG>\% =A%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%673%"@`%L@M>P%EI=D%V.E%<MDE%QGX%QG%EIG%C@=LG%@\%>@CGZ%"@`%L;A%>@CG%QG%D@<GEI=AJ%EI;E%I;D%E@%QGR%D@<GEI=AJ%EI;E%L@M>P%A@E%QG%@EIG?`=DGZ%.%?;=DG%EIG%BMGDE=@A%QGL;MDG%=E%\GG>D%;D% =\% ;AN% L@ALGHE=@A% @\% >@CG% EI;E% C=G`D% =E% ;D% D@<GEI=AJ% `G% L;A% GgHGLE% E@% ?GLG=CGR%?GLS@A%`=EI%@?%H?GDMHH@DGR%DGG<D%\@?G=JA%E@% >@CG_% .A%EI;E%DGADGR%?GJ;?P=AJ%>@CG%;D%;%J=\ER% ;><@DE% DM?H?=D=AJR%@ME%@\% EIG%@?P=A;?NR%<;N%QG% EI@MJIE% E@%QG%<@?G%;HH?@H?=;EG%EI;A%EI=AS=AJ%EI;E%>@CG%=A%D@<G%`;N%I;D%E@%L@<G%;Q@ME_%

9*#6#37&8!%#2('F!%&*&J(!Q!%.&!7$)&(*()6&!6+3.%$&''!#A!)&+$3!

!

< G < !

I=D%^G;>@MDN%=A%EI=AS=AJ%;Q@ME%EIG%\;LE%EI;E%DIG%L@M>P%^MDE%;D%`G>>%I;CG%\;>>GA% =A% >@CG%`=EI%;% \?=GAP%@\%I=D_% .A% EI;E%`;NR%I=D%;EE=EMPGD% E@`;?PD%@EIG?% HG@H>GR% Q@EI% E@% $G?Ge;% ;AP% E@% I=D% G?@E=L% \?=GAPD% `G?G%LI;?;LEG?=eGP%QN%;%LG?E;=A%\G;?%;AP%Q>=APAGDD_%"G%DIME%I=D%GNGD%E@%EIG%`;ND% =A% `I=LI% I=D% =A\=PG>=E=GD% L;<G% E@% E@?EM?G% $G?Ge;% PM?=AJ% EIG=?%`I@>G% ?G>;E=@ADI=H% ;AP% \@MAP% A@EI=AJ% PGGHG?% =A% I=D% G?@E=L%?G>;E=@ADI=HD% EI;A% ;% LG?E;=A% ;GDEIGE=L% =AEG?GDER% L@>>GLE=AJ% DGgM;>%GgHG?=GALGD%;D%\=AG%`=AGD_%)N%EI=AS=AJ%EI;E%I=D%\;EG%`;D%PGEG?<=AGP%QN%D@<G% @MEG?% AGLGDD=EN% IG% ;C@=PGP% L@A\?@AE=AJ% EI=D% Q>=APAGDD% @A% I=D%H;?E_%%

.A%;J?GG<GAE%`=EI% EIG%@>P%@HH@D=E=@A%@\% ?G;D@A%;AP%G<@E=@AR%@AG%L@M>P%D;N%EI;E%$@<;D%MDGP%I=D%V.E%<MDE%QGX%E@%?;E=@A;>=eG%I=D%PGL=D=@A%E@% >G;CG% /`=EeG?>;APR% ;>EI@MJI% EIG% E?MG% ?G;D@A% \@?% >G;C=AJ% `;D% I=D%G<@E=@AD%a;AP%@\%L@M?DG%$G?Ge;ob_%"G%L@M>P%A@E%EI=AS%EI;E%D@<GEI=AJ%;D%>=JIE%;AP%\=LS>G%;D%@M?%G<@E=@AD%<;N%;HHG;?%E@%MD%E@%QG%L@M>P%J=CG%;AN%`G=JIE%E@%;%PGL=D=@A%@\%EI;E%S=AP_%%%

jGDR% =E% `;D% MAQG;?;Q>G% \@?% I=<% E@% DE;N% =A% ÉM?=LI% =<;J=A=AJ%$G?Ge;%>=C=AJ%@A%IG?%@`A%=A%O?;JMG_%)ME% I@`% >@AJ%`@M>P% IG% I;CG% QGGA% E@?EM?GP% QN% L@<H;DD=@AZ%

#>>%I=D%>=\GZ%#%NG;?Z%*?%;%<@AEIZ%*?%@A>N%;%`GGSZ%"@`% L@M>P% IG% I;CG% SA@`AZ%"@`% L@M>P% IG% I;CG% J;MJGP% =EZ%

a(MAPG?;%713mR%cmb%*\% L@M?DG% EIG?G% =D% A@%`;N% IG% L@M>P% I;CG% SA@`A%`I;E%`@M>P% I;CG%I;HHGAGP%I;P%IG%PGL=PGP%E@%DE;N_%"G%<=JIE%I;CG%=<;J=AGP%P=\\G?GAE%@MEL@<GDR%QME%IG%`@M>P%A@E%I;CG%QGGA%;Q>G%E@%H?GP=LE%;>>%EIG%H@DD=Q>G%L@ADGBMGALGD%@\%I=D%@EIG?%@HE=@A_%

#AN% DLI@@>Q@N% L;A% L@APMLE% GgHG?=<GAED% =A% EIG% HIND=LD%>;Q@?;E@?N% E@% EGDE% C;?=@MD% DL=GAE=\=L% INH@EIGDGD_% )ME% <;AR%QGL;MDG%IG%I;D%@A>N%@AG%>=\G%E@%>=CGR%L;AA@E%L@APMLE%GgHG?=<GAED%E@% EGDE% `IGEIG?% E@% \@>>@`% I=D% H;DD=@A% aL@<H;DD=@Ab% @?% A@E_%a(MAPG?;%713mR%cmb%

)ME% GCGA% =\% `G% L;AA@E% L;>LM>;EG% `I;E% L@ADGBMGALGD% \@>>@`=AJ% @M?%G<@E=@AD% `=>>% I;CGpEI=D% =DR% @\% L@M?DGR% ;>D@% E?MG% @\% \@>>@`=AJ% @M?%?G;D@Ap$@<;D%\;=>GP%E@%DGG%EI;E%@M?%G<@E=@AD%DE=>>%L;A%a;AP%P@b%L;??N%`G=JIE%\@?%MD%;AP%EI;E%EIGNR%H?GL=DG>N%QGL;MDG%@\% EI;ER%;?G%GgH?GDD=CG%@\%@M?%>=\G%`=EI%@EIG?%HG@H>G%;AP%A@E% ^MDE%=??MHE=CG%GgHG?=GALGD_%$IGN%<;N%I;CG%;A%MAL@AP=E=@A;>%<G;A=AJ%\@?%MD%EI;E%=D%=APGHGAPGAE%@\%;AN%L@ALGHE=@A%@\%AGLGDD=EN%@?%LI;ALG_%%

$I=D%=D%;%?G;>=e;E=@A%EI;E%$@<;D%L@<GD%E@%@A>N%>;EG?%=A%EIG%Q@@S_%"G%L@<GD%E@%DGG%EI;E% >@CG%=D%A@E%PGHGAPGAE%@A%`I;E%I;D%E@%QGn%Vv>w@CG%=D%@M?% \?GGP@<_% '@CG% >=GD% QGN@AP% gT5!'055! 5&4-gX! a(MAPG?;% 713mR% 6c8b_%

2 & ( $ + $ 3 !

! !

< G B !

*AG% A=JIE% IG% P?G;<D% @\% EIG% HG?\GLE% `@<;A% `I@% ?;P=;EGP% EIG%V\G<=A=AG% L;><X% EI;E% VI;P% G>MPGP% I=<% ;>>% I=D% >=\GX% a(MAPG?;% 713mR%6c3b_%"G%`;SGD%MHR%`=EI%EIG%PGD=?G%E@%<GGE%IG?R%@A>N%E@%?G;>=eG%DIG%`;D%A@E%?G;>_%"G%?GL;>>D%EIG%<NEI%@\%#?=DE@HI;AGD%=A%O>;E@iD%P)'H#540'%@\%I@`% EIG% ;AL=GAE% IM<;A% QG=AJD% `G?G% DH>=E% =AE@% E`@% I;>CGDR% `I=LI%\@?GCG?%DGGS%G;LI%@EIG?R%;AP%EI=ASD%EI;E%EIG%`@<;A%=A%I=D%P?G;<%L@M>P%QG%I=D% DGL@AP%H;?E_%,@`% DMHH@DG%IG%P=P% VA@E% \=AP% EIG% @EIG?%H;?E% @\%I=<DG>\X_%

.ADEG;PR% IG% =D% DGAE% ;% $G?Ge;% =A% ;% QM>?MDI% Q;DSGE_% )ME% `I;E%I;HHGAD% =\%IG%AGCG?EIG>GDD% >;EG?%<GGED% EIG%@AG%`I@%`;D%<G;AE%\@?% I=<R% EIG% @EIG?% H;?E% @\% I=<DG>\Z%!I@<% =D% IG% E@% H?G\G?Z% $IG%`@<;A% \?@<% EIG% QM>?MDI% Q;DSGE% @?% EIG% `@<;A% \?@<% O>;E@iD%<NEIZ%%"G% E?=GP% E@%H=LEM?G%I=<DG>\% >=C=AJ% =A% ;A% =PG;>%`@?>P%`=EI% EIG%

N@MAJ%`@<;A%\?@<%EIG%P?G;<_%"G%DGGD%$G?Ge;%`;>S=AJ%H;DE%EIG%@HGA%`=AP@`D% @\% EIG=?% =PG;>% I@MDG_% /IG% =D% ;>@AG% ;AP% DE@HD% E@%>@@S%=A%;E%I=<%`=EI%;A%=A\=A=EG>N%D;P%GgH?GDD=@A%=A%IG?%GNGD_%"G%L;AA@E%`=EIDE;AP%IG?%J>;ALG_%#J;=AR%IG%\GG>D%IG?%H;=A%=A%I=D%@`A%IG;?E_%#J;=AR%IG%\;>>D%H?GN%E@%L@<H;DD=@A%;AP%D=ASD%PGGH%=AE@%IG?%D@M>_%v___w%#AP%IG%SA@`D%EI;E%E=<G%;AP%;J;=A%IG%`=>>%;Q;AP@A%EIG%I@MDG% @\% I=D% I;HH=AGDDR% E=<G% ;AP% ;J;=A% ;Q;AP@A% I=D% H;?;P=DG%;AP%EIG%`@<;A%\?@<%I=D%P?G;<%;AP%QGE?;N%EIG%KT5!'055!5&4-wK%@\%I=D%>@CG%E@%J@%@\\%`=EI%$G?Ge;R%EIG%`@<;A%Q@?A%@\%D=g%>;MJI;Q>G%\@?EM=E=GD_%a(MAPG?;%713mR%6c1b671%

.E% =DR% ;D% =E%`G?GR% EIG% ?G;>=EN% @\% $G?Ge;% a@?% @\% $@<;D% ;AP%$G?Ge;b% EI;E%SGGHD%I=<%`=EI%IG?R%;AP%`I=LI%<;SGD%EI=D%>=\G%;%AGLGDD=EN_%"=D%>@CG%\@?%IG?%L?G;EGD%;%`@?>P%@\%AGLGDD=E=GD%;AP%H@DD=Q=>=E=GD%EI;E%`@M>P%A@E%Gg=DE%=\%=E%`G?G%A@E%\@?%I=D%>@CG_%"G%=D%L@A\?@AEGP%`=EI%D=EM;E=@ADR%BMGDE=@AD%;AP%LI@=LGDR%EI;E%`@M>P%A@E%QG%<G;A=AJ\M>%QME%\@?%>@CG_%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%671%(MAPG?;%L@AAGLED% EIG%<G;A=AJ%@\%@M?%G<@E=@AD%`=EI%@M?%VDGADG%@\%QG;MENX_%$I=D%DGADGR%IG%D;NDR%<;PG%)GGEI@CGAiD%<MD=L%MA\@?JGEE;Q>G%E@%$G?Ge;R%D@%EI;E%Vv`wIGAGCG?%DIG% IG;?P% =ER% DIG%`@M>P% QG% E@MLIGPX_% .E% ;>D@%<;PG% $@<;D% EI=AS% EI;E% IG%`@M>P% A@E%DM?C=CG%$G?Ge;iD%PG;EI%`IGA%DIG%`;D%>N=AJ%=>>%EIG%DGL@AP%E=<G%EIGN%<GE%;AP%EI=AS%@\%IG?%;D%;%LI=>P%DGE%@ME%=A%;%QM>>?MDI%Q;DSGE_%$I=D%DGADG%@\%QG;MENR%(MAPG?;%D;NDR%D=AJ>GD%@ME%GCGAED%;D%<G;A=AJ\M>%;AP%=<H@?E;AE%;AP%J?;AED%EIG<%;%H>;LG%=A%`I;E%IG%L;>>D%@M?%H#&$4@!'&'#()R%V`I=LI%?GL@?PD%GCG?NEI=AJ%EI;E%LI;?<D%@?%E@MLIGD%MDR% EI;E%<;SGD%@M?%>=CGD%QG;ME=\M>X%a(MAPG?;%713mR%6F3b_%#LL@?P=AJ%E@%I=<R%EIG%<GE;HI@?D%`G%<;SG%MDG%@\%=A%EI=D%L@AEGgE%;?G%P;AJG?@MD%;AP%VA@E%E@%QG%E?=\>GP%`=EIXR%D=ALG%Vv;w%D=AJ>G%<GE;HI@?%L;A%J=CG%Q=?EI%E@%>@CG_X%a(MAPG?;%713mR%77b%%

.%`=>>%A@E%QG%;Q>G% E@%;?JMG% \@?% =ER%QME% .%P@%A@E% EI=AS% EI;E%H=LEM?G%L;HEM?GD%`I;E% =D%=AC@>CGP%=A%EIG%<G;A=AJ%@EIG?%IM<;A%QG=AJD%I;CG%\@?%MD%=A%>@CG_%!@?S=AJ%>;?JG>N%@A%;A%;GDEIGE=L%>GCG>R%=E%P@GD%A@E%<;SG%;%L>G;?%GA@MJI%P=DE=ALE=@A%QGE`GGA%EIG%LI;?;LEG?%@\%EIG% `;ND% =A% `I=LI% $@<;D% =D% L@>>GLE=AJ% VG?@E=L% GAL@MAEG?DXR% ;AP% EIG% MAL@AP=E=@A;>%D=JA=\=L;ALG%EIG%>@CGP%@AG%I;D%=A%E?MG%>@CG_%%

9*#6#37&8!%#2('F!%&*&J(!Q!%.&!7$)&(*()6&!6+3.%$&''!#A!)&+$3!

!

< G I !

T?@<%EIG%@MED=PG%@\% EIG=?% ?G>;E=@ADI=H% =E%<=JIE% DGG<%;LL=PGAE;>%@?%L@AE=AJGAE% EI;E% EIG% ?;P=@% H>;N=AJ% )GGEI@CGA% @?% $@<;D% >=C=AJ% =A%AM<QG?%D=g%QGL;<G%C=E;>% \@?%$G?Ge;iD%MAPG?DE;AP=AJ%@\% EIG=?% >@CGR%@?%EI;E%$@<;D%EI@MJIE%@\%$G?Ge;%;D%;%LI=>P%=A%;%QM>?MDI%Q;DSGE_%'@@S=AJ%;E%EIG<%\?@<%EIG%=AD=PG%@\%EIG=?%?G>;E=@ADI=HR%I@`GCG?R%EIGN%L;AA@E%QG%;QDE?;LEGP% \?@<% EIG=?% >@CGn% EIGN% GCGA% L@ADE=EMEG% EI;E% >@CG_% .A% EI;E%DGADGR%=E%<;N%QG%D;=P%EI;E%>@CG%A@E%@A>N%\=APD%@?%J=CGD%<G;A=AJ%E@%@M?%>=\G% QME% =D% ;>D@% PGHGAPGAE% @A% >=\G% E@% I;CG% <G;A=AJ_% .E% `;D% A@%L@=AL=PGALG%EI;E%$@<;D%L;<G%E@%EI=AS%@\%)GGEI@CGAiD%V&D%<MDD%DG=AX%`IGA%EI=AS=AJ%@\%\@>>@`=AJ%$G?Ge;_%.A%\;LE%=E%`;D%I=D%\=?DE%DEGH%Q;LS%E@%IG?%D=ALG%VDIG%`;D%EIG%@AG%`I@%I;P%=APMLGP%I=<%E@%QMN%?GL@?PD%@\%EIG%)GGEI@CGA%BM;?EGED%;AP%D@A;E;DX%E@%QGJ=A%`=EI%a(MAPG?;%713mR%c6b_%%

$IG%`;N%=A%`I=LI%>@CG%<;N%L@<G%E@%I;CG%;A%MAL@AP=E=@A;>%DGADG%\@?%MD%=D%;>D@%D@<GEI=AJ%EI;E%$G?Ge;%L@<GD%E@%?GL@JA=eG%;E%EIG%GAP%@\%EIG%Q@@S_%$I?@MJI@ME%EIG=?%>@CG%DIG%I;P%AM?EM?GP%;%`=DI%EI;E%$@<;D%`@M>P%QG%@>P%;AP%`G;SR%;%`=DI%EI;E%L@<GD%E?MG%`IGA%DIG%@AG%P;N%DGGD%I=<% >=SG% EI=D% \?@<%;\;?% a(MAPG?;% 713mR% cF1b_% V/IG%L@M>P%A@E% EG;?%IG?%GNGD%\?@<%I=<0%IG%>@@SGP%>=SG%;A%@>P%<;A_%"=D%I;=?%I;P%J@AG%J?;NR%;AP%I=D%>;LS%@\%L@@?P=A;E=@A%`;D%A@E%EI;E%@\%;%DM?JG@A%EM?AGP%P?=CG?%QME%@\%;%<;A%A@% >@AJG?%N@MAJ_X%"=P=AJ%QGI=AP%;% E?GG% E?MAS%D@% EI;E%IG%;AP%EIG%<;A%IG%`;D%E;>S=AJ%`=EI%`=>>%A@E%DGG%IG?R%%

DIG% DM\\G?D%;% Q@ME%@\% DG>\4?GL?=<=A=E=@A0% .E%`;D%IG?% \;M>E% EI;E%IG%I;P%L@<G%Q;LS%E@%O?;JMG%\?@<%ÉM?=LIR%IG?%\;M>E%EI;E%IG%I;P%>G\E%O?;JMGR% ;AP% GCGA% IG?G% DIG% L@M>P% A@E% >G;CG% I=<% =A% HG;LGR%E@?EM?=AJ% I=<% `=EI% IG?% DGL?GE% DMDH=L=@AD% `I=>G% (;?GA=A% vEIG=?%P@Jw%>;N%PN=AJ_%

/IG% I;P% ;>`;ND% DGL?GE>N% ?GH?@;LIGP% I=<% \@?% A@E% >@C=AJ% IG?%GA@MJI_% "G?% @`A% >@CG% DIG% I;P% L@AD=PG?GP% ;Q@CG% ?GH?@;LIR%`I=>G%I=D%DGG<GP%<G?G%L@APGDLGAD=@A_%

,@`%DIG%D;`%EI;E%DIG%I;P%QGGA%MA\;=?0%.\%DIG%I;P%?G;>>N%>@CGP%$@<;D%`=EI%;%J?G;E%>@CGR%DIG%`@M>P%I;CG%DEMLS%=E%@ME%`=EI%I=<%;Q?@;Po%$@<;D%I;P%QGGA%I;HHN%EIG?Gn%;%AG`%>=\G%I;P%@HGAGP%\@?%I=<%;AP%DIG%I;P% >G\E%I=<o%$?MGR%;E% EIG% E=<G%DIG%I;P%L@AC=ALGP%IG?DG>\% DIG% `;D% QG=AJ%<;JA;A=<@MDR% J=C=AJ% I=<% I=D% \?GGP@<_%)ME%I;PAiE%IG?%<;JA;A=<=EN%QGGA%<G?G>N%;A%GgLMDGZ%/IG%SAG`%;>>%;>@AJ%EI;E%IG%`@M>P%L@<G%I@<G%E@%IG?_%vzw%

/IG% I;P% DM<<@AGP% I=<% E@% \@>>@`% IG?% ;D% =\% `=DI=AJ% E@% EGDE%I=<%;J;=A%;AP%;J;=AR%E@%EGDE%I=D%>@CG%\@?%IG?n%DIG%I;P%DM<<@AGP%I=<%HG?D=DEGAE>NR%;AP%IG?G%IG%`;DR%E=?GP%;AP%J?;NR%`=EI%DE=\\GAGP%\=AJG?D%EI;E%`@M>P%AGCG?%;J;=A%QG%;Q>G%E@%I@>P%;%DL;>HG>_%vzw%h@@P%h@PR%I;P%EIGN%I;P%E@%L@CG?%;>>%EI;E%P=DE;ALG%^MDE%E@%<;SG%

IG?%QG>=GCG%IG%>@CGP%IG?Z%a(MAPG?;%713mR%cF14c7Fb%

2 & ( $ + $ 3 !

! !

< G C !

)GD=PGD% EIG% @Q^GLE=@A% EI;E% EIG?G% =D% A@EI=AJ% @AG% L;A% P@% E@% <;SG%D@<G@AG%QG>=GCG%EI;E%@AG%>@CGD%I=<%@?%IG?R%;AP%EI;E%EIG%`I@>G%;EEG<HE%@\% E?N=AJ% E@% \@?LG% D@<G@AG% E@%H?@CG%I=D% @?%IG?% >@CG% \@?% @AGDG>\% J@GD%;J;=ADE%EIG%J?;=A%@\%>@CGR%EIG%;=<%@\%EI=D%H;?;J?;HI%=D%A@E%E@%H;DD%@ME%^MPJG<GAED%@A%$@<;D%;AP%$G?Ge;iD%>@CG_%.E%=D%A@E%E@%PGL=PG%`I=LI%@AG%@\% EIG<% >@CGP%<@?GR%@?%`I;E% EIGN%`@M>P%I;CG%P@AG%I;P% EIGN% ?G;>>N%>@CGP_%.%?;EIG?%`;AE%E@%H@=AE%@ME%I@`%EIG%?G;>=e;E=@AD%EI;E%Q@EI%$@<;D%;AP%$G?Ge;%I;CG%;E%EIG%GAP%@\%EIG%Q@@S%LI;AJG%EIG%<G;A=AJ%EIG=?%>@CG%I;D% \@?% EIG<R% ;AP% I@`% P=\\G?GAE% EI=D% <G;A=AJ% =D% \?@<% EIG%<G;A=AJ%EIGN% I;P% \@MAP% =A% E;>S% ;Q@ME% AGLGDD=E=GDR% L@=AL=PGALGDR% ;AP% GCGA%LI@=LGD%;AP%=AEGAE=@AD%=A%IM<;A%>=\G_%%

*AG% @\% EIGDG% ?G;>=e;E=@AD% L@ALG?AD% EIG% `;ND% =A% `I=LI% EIGN% ;?G%PGHGAPGAE% @A% ;AP% ?GDH@AD=Q>G% \@?% G;LI% @EIG?_%!IGA% $G?Ge;% >G\E% \@?%O?;JMG% DIG% P=P% =E% `=EI% EIG% `=DI% EI;E% EIG% L=?LM<DE;ALGDR% GCGA%L@=AL=PGALGDR% @?% $@<;DiD% LI@=LG% `@M>P% PGEG?<=AG% `IGEIG?% IG%\@>>@`GP%IG?%@?%A@E_%/IG%`;AEGP%E@%\?GG%IG?DG>\%@\%?GDH@AD=Q=>=EN%`=EI%?GJ;?P%E@%I=D%H@DD=Q>G%?GEM?AR%`IGA%EIG%E?MEI%`;D%EI;E%DIG%>G\E%I=<%A@%@EIG?% LI@=LG% QME% E@% \@>>@`% IG?R% ;AP% SAG`% =E_66F% #>EI@MJI% DIG% @?% IG%L@M>P%=<;J=AG%@EIG?%H@DD=Q>G%@MEL@<GDR%DIG%>G\E%A@%DG?=@MD%;>EG?A;E=CGD%\@?%I=<_%%

!IGA% E;>S=AJ% ;Q@ME% EIG%`;ND% =A%`I=LI%`G% ;>>%H?GDM<G% EI;E% V@M?%>@CG% =D% `I;E% <MDE% QGX% (MAPG?;% ?G<;?SD% EI;E% `G% ;>>% EI=AS% VEI;E%`=EI@ME%=E%@M?%>=\G%`@M>P%A@%>@AJG?%QG%EIG%D;<GX%a(MAPG?;%713mR%c5b_%"G%P@GD%A@E%;HHG;?%E@%E;SG%EIG%DMJJGDE=@A%DG?=@MD>NR%QME%`IN%DI@M>P%`G%A@EZ%.A%@AG%DGADGR%=E%`@M>P%?G<;=A%@M?%>=\G%?GJ;?P>GDD%@\%EIG%DI;HG%=E%E@@SR%7&%`@M>P%DE=>>%QG%>=C=AJ%=E_%)ME%=A%;A@EIG?%DGADG%`G%<=JIE%A@E%QG%;Q>G%E@%MAPG?DE;AP%`I;E%=E%`@M>P%<G;A%\@?%EI=D%E@%DE=>>%QG%#0(%>=\GR%=\%;>>%EIG%EI=AJD%;AP%HG@H>G%EI;E%<;SG%=E%<G;A=AJ\M>%`G?G%<=DD=AJ_%$I=AS%@A>N%@\%EIG%`;N%.%<;N%;DDG?E%EI;E%V$I=D%=D!')!>=\GX%E@%?G<=AP%D@<G@AG%EI;E%=A%EIG=?%DMJJGDE=@AD%@?%H?GDL?=HE=@AD%@\%`I;E%E@%P@%EIGN%DGG<%E@%QG%\@?JGEE=AJ% EI;E%A@E% EIGN%QME% A% ;<% E@% >=CG%`=EI% EIGDG%LI@=LGD%;AP%I@`%EIGN%`=>>%?G\>GLE%@A%<N%>=\G_%*?%EI=AS%@\%EIG%P=\\=LM>E=GD%`G%<;N%I;CG%=A%\=AP=AJ%@M?DG>CGD%=A%@M?%>=\G%;\EG?%EIG%>@DD%@\%;%>@CGP%@AGR%@?%@\%I@`%.%<;N%A@E%QG%;Q>G%E@%EI=AS%@\%`I;E%<N%>=\G%;AP%.%`@M>P%I;CG%QGGA%>=SG%=\%.%I;P%A@E%<GE%N@M_%

&CGA%DHG;S=AJ%;Q@ME%$@<;D%;D%I;C=AJ%;%LI@=LGR%@?%QG=AJ%;Q>G%E@%;LE%@ME%@\%I=D%\?GG%`=>>%<;N%QG%<=D>G;P=AJ%=A%?G>;E=@A%E@%>@CG_%.E%=D%E?MG%EI;E%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%66F% $IG% BMGDE=@A% =D% @\% L@M?DG% `I;E% =E% <=JIE% <G;A% E@% D;N% EI;E% DIG% SAG`% =E% EIGA% =A%?GE?@DHGLE_%.D%=E%;%`;N%@\%D;N=AJR%DIG%SA@`D%A@`R%@?R%DIG%`;D%PGLG=C=AJ%IG?DG>\Z%

9*#6#37&8!%#2('F!%&*&J(!Q!%.&!7$)&(*()6&!6+3.%$&''!#A!)&+$3!

!

< G = !

IG%=D%A@E%PGEG?<=AGP%E@%VE=<G%;AP%;J;=A%vzw%;Q;AP@A%EIG%I@MDG%@\%I=D%I;HH=AGDD%vzw%E@%J@%@\\%`=EI%$G?Ge;X%QN%D@<G%GgEG?A;>%\@?LGR%QME%I=D%J@=AJ%=D%;>D@%A@E%I=D%LI@=LG%=A%;AN%D=<H>G%DGADG_%(A@`=AJ%$G?Ge;R%;AP%SA@`=AJ% =A% EIG% DGADG% @\% >@C=AJR% IG% I;D% A@% @EIG?% @HE=@AD_% !I;E% =E%<G;AD%\@?%IG?%E@%QG%$G?Ge;R%@AG%L@M>P%D;NR%=D% EI;E%IG%`=>>% \@>>@`%IG?R%A@%<;EEG?%`I;E_%%

$IG=?% ?G;>=e;E=@AD% ;?G% =A% EI;E% `;N% ;>D@% =<H@?E;AE% ?G;>=e;E=@AD% @\%`I@% EIGN% ;AP% EIG% @EIG?% ;?G_% $I=D% =D% DGGAR% \@?% @AG% EI=AJR% =A% EIG=?%P=\\G?GAE% `;ND% @\% ?GJ;?P=AJ% `G;SAGDD% ;AP% DE?GAJEI_% $I?@MJI% EIG=?%?G>;E=@ADI=H%Q@EI%@\%EIG<%I;P%L@<G%E@%PG\=AG%$G?Ge;%;D%EIG%`G;S%@AG%;AP%$@<;D% ;D% ?GH?GDGAE=AJ% DE?GAJEI_% )N% EIG% GAP% I@`GCG?% EIGN% Q@EI%L@<G% E@% BMGDE=@A% EI=D% H=LEM?GR% @?% `I;E% =E% <=JIE% =<H>N_% "G?G% \?@<%$G?Ge;iD%H@=AE%@\%C=G`0%%

/IG%SGHE%EG>>=AJ%IG?DG>\%EI;E%DIG%I;P%DGE%;%>=\GE=<G%@\%`G;SAGDDGD%;J;=ADE%$@<;D_%!G%;>>%I;CG%;%EGAPGALN%E@%L@AD=PG?%DE?GAJEI%EIG%LM>H?=E% ;AP% `G;SAGDD% EIG% =AA@LGAE% C=LE=<_% )ME% A@`% $G?Ge;%?G;>=eGP%EI;E%=A%IG?%L;DG%EIG%@HH@D=EG%`;D%E?MGo%&CGA%IG?%P?G;<DR%;D% =\% ;`;?G% @\% EIG% D=AJ>G%`G;SAGDD% =A% ;%<;A% @EIG?`=DG% DE?@AJR%<;PG%;%P=DH>;N%@\%IG?% DM\\G?=AJ% E@%I=<R% EIG?GQN% \@?L=AJ%I=<% E@%?GE?G;E_%"G?%`G;SAGDD%`;D% ;JJ?GDD=CG% ;AP% SGHE% \@?L=AJ% I=<% E@%L;H=EM>;EG% MAE=>% GCGAEM;>>N% IG% >@DE% I=D% DE?GAJEI% ;AP% `;D%E?;AD\@?<GP%=AE@%EIG%?;QQ=E%=A%IG?%;?<D_%a(MAPG?;%713mR%c7Fb%%

$IG=?% H=LEM?=AJ% G;LI% @EIG?% =A% EG?<D% @\% `G;SAGDD% ;AP% DE?GAJEI% ;AP%;>>@`=AJ% EI@DG% LI;?;LEG?=DE=LD% E@% PGEG?<=AG% I@`% EIGN%<;PG% DGADG% @\%EIG=?%>@CGR%EIGAR%?GCG;>GP%NGE%;A@EIG?%EG<HE;E=@A%=A%EIG=?%>@CG_%.E%=D%E?MG%EI;E%EIG?G%;?G%E=<GD%;E%`I=LI%N@M?%`G;SAGDD%L;>>D%@A%<G%E@%@\\G?%N@M%DE?GAJEIR% ;D% EIG?G% ;?G% E=<GD% ;E% `I=LI% .%<;N% AGGP% E@% E?MDE% EI;E% N@M?%DE?GAJEI%`=>>%L;??N%EIG%Q@EI%@\%MD_%$IG?G%;?G%;>D@%E=<GD%`IGA%;P<=EE=AJ%`G;SAGDD%<;N%QG% L@AD=PG?GP% ;% DE?GAJEI% ;AP% MHI@>P=AJ% ;% H=LEM?G% @\%DE?GAJEI%<;N%QG%?GJ;?PGP%;D%;%`G;SAGDD_%,GCG?EIG>GDDR%EI=AS=AJ%EI;E%@M?%?GDH@AD=Q=>=EN%\@?%G;LI%@EIG?%=A%>@CG%L;A%QG%PGEG?<=AGP%QN%@\\G?=AJ%DMLI% ;% JGAG?;>% LI;?;LEG?=e;E=@A% @\% @AG% @\% MD% ;D% DE?@AJ% ;AP% EIG% @EIG?%@AG%;D%`G;SR%=JA@?GD%EIG%\;LE%EI;E%EIG%PG<;APD%>@CG%=A%EIG%GAP%PG\=GD%;>>% DMLI% L;EGJ@?=e;E=@AD% @\% `I;E% `G% ?G;>>N% ;?G% @?% DI@M>P% QG_% *M?%?GDH@AD=Q=>=EN%\@?%G;LI%@EIG?%=A%>@CG%=D%A@E%H@?E=@AGP%@ME%@A%EIG%Q;D=D%@\%I@`%DE?@AJ%@?%`G;S%`G%EG>>%@M?DG>CGD%EI;E%`G%;?G_%*A%EIG%`I@>GR%=E%=D%A@E%D@<GEI=AJ%E@%QG%<G;DM?GP_%l;EIG?%=E%M?JGD%MD%E@%DL?ME=A=eG%@M?%`;ND% @\% <;S=AJ% DGADG% @\% @M?% >=\G% E@JGEIG?R% ?GL@JA=e=AJ% `I;E% EIGDG%L;EGJ@?=e;E=@AD%<;N%EG>>%@M?DG>CGD%;Q@ME%@M?%>@CGR%;D%`G>>%;D%;Q@ME%@M?%\G;?D%;AP%\;=>M?GD%=A%=E_%%%

! !

!

!

H!

>.#,!,#$-&*A76!6+A&!+'F!!$#,!:#7K*&!+$!%.&!,#*6-?DD;!!

%1,--5$!.0!-4@%$!,0@%!#%-&!5&4-&!Q4&?&!*(x%84@%!5&4-X!!

:055$!.0!#%-&!.4&5&!Q4&?&!4-!f(,'!3&(54-C&-X!!1,--5$!.0!#%-&!.4&5&!P$q$S&!-4@%$!8&?&-X!!

Q0.74+!M4$$+&-5$&4-!_DEEE6!A$&'!`ii!V,+&!a(b!!

%T?@<%<N%H?GC=@MD%PGDL?=HE=@AD%=E%<;N%;>?G;PN%I;CG%QGL@<G%L>G;?%EI;E%,=LS%"@?AQNiD%Q@@S%U?#0$!,!R#)% a6FFFb% =D%;LEM;>>N%;%DE@?N%;Q@ME% E`@%Q@ND_% .E% ^MDE%I;HHGAD% EI;E%@AG%@\% EIG<R%!=>>R% =D%;>?G;PN%c8%NG;?D%@>PR%`I=>G%EIG%@EIG?R%K;?LMD%DGG<D%<MLI%@>PG?%;>EI@MJI%IG%=D%@A>N%E`G>CG_%*AG% @\% EIG% VL@=AL=PGALGDX% EI;E% >G;PD% E@% EIG=?% L@<=AJ% E@JGEIG?R%QGL@<=AJ% \?=GAPD% ;AP% GCGAEM;>>N% Q@EI% >G;?A=AJ% ;Q@ME% >@CG% ;AP% >=\G%\?@<%G;LI%@EIG?R%=D%EIG%;EEG<HEGP%DM=L=PG%QN%K;?LMDiD%<@EIG?R%`I=LI%;`;=ED% EIG<% `IGA% EIGN% ?GEM?A% E@% K;?LMDiD% I@<G% ;\EG?% EIG=?% \=?DE%<GGE=AJ_%$?MEI%E@%QG%E@>PR%EIG%E`@%@\%EIG<%`G?G%A@E%DMHH@DGP%E@%<GGE%EI;E% ;\EG?A@@A_% !=>>% ;LEM;>>N% `;AEGP% E@% <GGE% /Me=GR% ;% \?=GAP% @\%K;?LMDiD%<@EIG?R%;AP%K;?LMD%^MDE%E;JJGP%;>@AJ_%%

.A%;%DLGAG%;\EG?%EIG%DM=L=PG%;EEG<HER%=A%EIG%\=><%CG?D=@A%@\%EIG%Q@@S%a6FF6bR%K;?LMDiD%<@EIG?%;DSD%I=<%`IGEIG?R%`IGA%?G;P=AJ%IG?%DM=L=PG%>GEEG?R% IG% ;>D@% ?G;P% EI;E% DIG% `=>>% ;>`;ND% >@CG% I=<_% $@% EI=D% K;?LMD%?GH>=GDR%V.EiD%;%Q=E%I;?P%\@?%N@M%E@%>@CG%<G%`IGA%N@Mi?G%PG;PR%=DAiE%=EZX%$I=D%?GH>N%GLI@GD%;%P@MQE%@AG%<;N%G;D=>N%I;CG%;Q@ME%EIG%D=ALG?=EN%@\%EIG%>@CG%@\%D@<G@AG%`I@%=D%PGH?GDDGP_%.E%=D%;D%=\%@AG%`@M>P%>=SG%E@%;DSR%V"@`%L;A%N@M%D;N%N@M?%>=\G%=D%<G;A=AJ>GDD%`IGA%.R%`I@<%N@M%D;N%N@M%>@CGR%;<%=A%=EZX%$IG?G%;HHG;?D%E@%QG%;%L@A\>=LE%QGE`GGA%>@CG%@A%EIG%@AG%I;AP% ;AP% PGH?GDD=@A% @A% EIG% @EIG?R% D=ALG% >@C=AJ% D@<G@AG% =AC@>CGD%?GJ;?P=AJ%>=\G%;D%<G;A=AJ\M>%`IG?G;D%PGH?GDD=@A%=D%?;EIG?%;%DE;EG%EI;E%?@QD%>=\G%@\%;>>%<G;A=AJ_%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%667%W@IA%a712Fb_%

! > .#, !,#$- & * A 7 6 ! 6 + A & ! + ' F ! $#, ! : # 7 K * & ! + $ ! % . & ! ,#* 6 - ? !

!

< G @ !

$IG% ;HH;?GAE% L@AE?;P=LE=@AR% @?% ;E% >G;DE% EIG% J?;<<;E=L;>% EGAD=@A%QGE`GGA%>@C=AJ%;AP%QG=AJ%PGH?GDDGPR%P@GD%A@E%<G;A%EI;E% =E% =D%=A%;AN%`;N%<G;A=AJ>GDD%\@?%K;?LMDiD%<@EIG?%E@%D;N%Q@EI%EI;E%DIG%>@CGD%I=<%;AP%EI;E%DIG%`;AED%E@%P=G_%$IG?G%;?G%<;AN%EI=AJD%`G%L;A%D;N%;AP%P@%`=EI@ME%EIG%`@?PD%>@D=AJ%;AN%<G;A=AJR%;AP%E@%EI=AS%EI;E%@M?%`;ND%@\%C=G`=AJ%EIG%`@?>P%<MDE%QG%\?GG%\?@<%L@AE?;P=LE=@A%E@%<;SG%DGADG%=D%E@%E;SG% ;% A;=CG% C=G`% @A% Q@EI% >;AJM;JG% ;AP% >=\G_%#D%`G%`=>>% DGGR% =E% =D% ;%LI;?;LEG?=DE=L% \G;EM?G% @\% @M?% E;>S% ;Q@ME% \=AP=AJ% <G;A=AJ% =A% >=\G% EI;E%P=\\G?GAE% HG?DHGLE=CGD% <;N% Gg=DE% D=PG% QN% D=PGn% `G% <;N% C;L=>>;EG%QGE`GGA%PGDH;=?=AJ%;Q@ME%>=\GiD%<G;A=AJ%;AP%\=AP=AJ%=E%<G;A=AJ\M>_%%

$IG% H@=AE% =D% ?;EIG?% EI;E% EIG% E`@% L@AE?;DE=AJ%`;ND% @\% C=G`=AJ% EIG%`@?>P%EI;E%>@CG%;AP%PGH?GDD=@A%?GH?GDGAE%<;SG%EIG%P@MQE%EI;E%K;?LMD%GgH?GDDGD%<G;A=AJ\M>_%$IG?G%=D%;E%>G;DE%;%BMGDE=@A%;D%E@%I@`%D@<G@AG%L;A% D;N% EIGN% >@CG% ;AP% A@E% `;AE% >=\GR% A@E% >@CG% `;S=AJ% MH% =A% EIG%<@?A=AJ% ;AP% >@@S=AJ% \@?`;?P% E@% ;%AG`%P;N_666% $IG?G% =D% EIG% DGADG% =A%`I=LI%V>@CG%LI;AJGD%GCG?NEI=AJXR%I@`%=E%V<;SGD%N@M%\>NXR%@?%Q?=AJD%EI=AJD%E@%>=\GR%`I=LI%?;=DGD%EIG%BMGDE=@A%`IN%=E%D@<GE=<GD%=D%A@E%;Q>G%E@%P@% =E_% )ME%<;NQG% EI=D% Gg;<H>G% ^MDE% EGDE=\=GD% E@% EIG% D;P% \;LE% EI;E% >@CGR%;>EI@MJI%=E%<;N%J=CG%MD%DE?GAJEI%;AP%IG>H%MD%\=AP%<G;A=AJ%`IG?G%`G%EI@MJIE%EI;E%EIG?G%`;D%A@AGR%<;N%A@E%QG%GA@MJI%E@%\=>>%;%>=\GZ%%

!G%<;N%;>D@%E;SG%=E%;D%D;N=AJ%<@?G%;Q@ME%PGH?GDD=@A%EI;A%=E%P@GD%;Q@ME% >@CGR% EIG% I@??=Q>G% \@?LG% EI;E% =D% ;Q>G% E@% PGH?=CG% GCGA% EIG%<@DE%<G;A=AJ\M>% EI=AJD% =A% >=\G% @\% EIG=?%<G;A=AJ_% .A% @EIG?%`@?PD%`G%<;N%EI=AS%@\%;%HG?D@AiD%PGDH;=?=AJ%;Q@ME%EIG%<G;A=AJ%@\%>=\G%;D%;A%;DHGLE%@\%EIG%PGH?GDD=@AR%;AP%=A%EI;E%`;N%;D%D@<GEI=AJ%H;EI@>@J=L;>R%;AP%A@E%;D%;A% ;DHGLE% @\%`I@% EIG%HG?D@A% =D_% .\%`G% E;SG% EI=D% ;EE=EMPG% E@`;?PD% EIG%PGH?GDDGP%HG?D@AR%EIG%EGAD=@A%QGE`GGA%>@CG%;AP%PGH?GDD=@A%P=DD@>CGDR%D=ALG%`G%DGG%EIG%HG?DHGLE=CG%@\%>@CG%;AP%A@E%EI;E%@\%EIG%PGH?GDD=@A%;D%GgH?GDD=CG%@\%`I@%EIG%HG?D@A%E?M>N%=D_%%

.A% `I;E% \@>>@`DR% .% `;AE% E@% P=DLMDD% `I;E% DGADG% EIG?G% <;N% QG% =A%D;N=AJ% EI;E% >@C=AJ% D@<G@AG% =D% =AEG?A;>>N% ?G>;EGP% E@% >@C=AJ% >=\G_%TM?EIG?<@?G%.%`;AE%E@%J=CG%<@?G%;EEGAE=@A%E@%EIG%`;ND%=A%`I=LI%>@CG%L;A% QG% D;=P% E@% Q?=AJ%<G;A=AJ% =AE@% @M?% >=CGD_%!I;E% .% ;<% EI=AS=AJ% @\%IG?G%=D%D@<GEI=AJ%D=<=>;?%E@%K=EN;iD%\GG>=AJ%@\%=AE@g=L;E=@A%;E%IG;?=AJ%h?MDIGAS;iD% PGL>;?;E=@A% @\% >@CG% =A% EIG% R(#$%&(5! 1,(,',S#3_% /IG%GgH?GDDGD%IG?%>@CG%\@?%I=<%@A%;%A=JIE%`IGA%IG%>=EG?;>>N%EI@MJIE%I=D%>=\G%`;D%@CG?_%#Q@ME%E@%E;SG%I=D%>=\GR%EI=AS=AJ%EI;E%IG%I;P%\@?GCG?%>@DE%IG?%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%666%$I=D%=D%A@E%E@%D;N%EI;E%<@DE%HG@H>G%`I@%>@CG%;AP%;?G%A@E%PGH?GDDGP%I;CG%E@%PGDL?=QG%EIG=?%;CG?;JG%K@AP;N%<@?A=AJ% =A% EI=D%GgI=>;?;E=AJ%<;AAG?_%)ME%<;NQG% EIGN%`@M>PR%@?%<;NQG%`G%DI@M>PZ%%

2 & ( $ + $ 3 !

! !

< ; G !

;AP%\G;?=AJ%EI;E%IG%I;P%S=>>GP%EIG%DG?C;AE%`I@%E@@S%L;?G%@\%I=<%;D%;%Q@Np>;EG?%IG%=D%;>D@%;LLMDGP%@\%EIG%<M?PG?%@\%I=D%\;EIG?p\=AP=AJ%@ME%EI;E%DIG%?GEM?AD%I=D%>@CG%Q?=AJD%@ME%;%AG`%I@HG%=A%EIG%DI;HG%@\%;%`=DI%E@%DE;?E%;%AG`%>=\G%`=EI%IG?%;AP%`;DI%;`;N%EIG%Q>@@P%IG% EI@MJIE%IG%I;P%DH=>E% aY@DE@GCDSN%71m1b_%j@M%<;N%;>D@% EI=AS%@\% EIG% >=AG% =A%&>E@A%W@IAiD% Vj@M?% /@AJX% EI;E% J;CG% EIG% E=E>G% E@% EI=D% LI;HEG?n% V"@`%`@APG?\M>%>=\G%=DR%A@`%N@Mi?G%=A%EIG%`@?>P_X%%

#A@EIG?%BMGDE=@A%.%I;CG%=A%<=AP%=D%`IGEIG?%>@CG%L;A%@A>N%QG%D;=P%E@%<;SG%MD%\@?JGE%>=\GiD%<G;A=AJ>GDDAGDD%@?%`IGEIG?%=E%?G;>>N%<;SGD%MD%\=AP% =ED% <G;A=AJ_% $IG%<MD=L% L?=E=L% ";AD% (G>>G?% ?GH@?EGP>N% D;=P% EI;E%-=C;>P=%<;PG%I=<% \@?JGE% EI;E% >=\G% >;LSGP%<G;A=AJ%`IG?G;D% /LIMQG?E%<;PG% I=<% DGG% EI;E% >=\G% I;D% <G;A=AJ_% !G% <;N% ;DS% `IGEIG?% >@CG% =D%L>@DG?%E@%EIG%<MD=L%@\%/LIMQG?E%EI;A%E@%EI;E%@\%-=C;>P=%=A%EI=D%?GDHGLE_%

+ !6#0+$3!:#7!($-!6#0+$3!6+A&!

"@`% ;?G% `G% E@% MAPG?DE;AP% EIG% L>;=<% EI;E% >@C=AJ% D@<G@AG% <G;AD%>@C=AJ%>=\G%@?%\=AP=AJ%=E%<G;A=AJ\M>Z%#?G%`G%E@%EI=AS%@\%EI=D%;D%;%L;MD;>%?G>;E=@AR% @?% ?;EIG?% ;D% ;A% =AEG?A;>% @AGZ%Y@GD% >@CGR% QN% D@<G% DE?@SG% @\%<;J=LR% Q?=AJ% ;Q@ME% <G;A=AJ% @?% ;?G% `G% ?;EIG?% E@% EI=AS% @\% EIG%L@AAGLE=@A%;D%;%J?;<<;E=L;>%H@=AE%;Q@ME%EIG%MDG%@\%@M?%>;AJM;JGZ%%

*AG%BM=EG%@QC=@MD%;DHGLE%@\% EI=D% =D% EI;E%>@C=AJ%D@<G@AG%G;D=>N%\=>>D%@AGiD%>=\G_%$IG?G%=D%;>`;ND%D@<GEI=AJ%E@%P@R%E@%>@@S%\@?`;?P%E@R%E@%I@HG%@?%`=DI%\@?_%!;AE=AJ%E@%<GGE%@AGiD%\?=GAPD%;AP%>@CGP%@AGD%;J;=AR%E;>S%E@% EIG<R% QG%`=EI% EIG<%;AP% D@% @A_% $I=D% ;DHGLE% =D% ;>D@% Q?@MJIE% E@% EIG%\@?G% =A%U?#0$! ,! R#)! a"@?AQN% 6FFFb_% .A% L@ACG?D;E=@A%`=EI%l;LIG>R% EIG%`@<;A%`=EI%`I@<%IG%GCGAEM;>>N%\;>>D%=A%>@CGR%!=>>%P=DLMDDGD%I@`%E@%PG;>%`=EI%K;?LMDiD%<@EIG?%;\EG?%EIG%DM=L=PG%;EEG<HE_%/IG%EG>>D%I=<%EI;E%`I;E% SGHE% IG?% \?@<% E;S=AJ% IG?% >=\G% ;E% ;% E=<G% `IGA% DIG%`;D% \GG>=AJ%PGH?GDDGP%`;D%EIG%\;LE%EI;E%EIG?G%`;D%;>`;ND%D@<GEI=AJ%G>DG%E@%P@_%%

#AN`;NR%=E%`;D%;>`;NDR%N@M%SA@`R%A@E%E@P;N_%K;NQG%E@<@??@`R%QME%A@E%E@P;N_%#AP%;\EG?%;%\G`%`GGSD%@\%EI;E%.%SAG`%.%`;D%AGCG?%J@=AJ% E@% P@% =ER% ;AP% EIG% ?G;D@A% .%`;D% AGCG?% J@=AJ% E@% P@% =E%`;D%QGL;MDG% .% P=PAiE% `;AE% E@% <=DD% @ME_% .% P@AiE% <G;A% EI;E% >=\G% `;D%J?G;E%;AP%.%P=PAiE%`;AE%A@E%E@%H;?E=L=H;EG_%.%^MDE%<G;A%EIG?G%`G?G%;>`;ND% @AG% @?% E`@% EI=AJD% EI;E% DGG<GP% MA\=A=DIGPR% EI=AJD% .%`;AEGP%E@%\@>>@`%EI?@MJI_%a"@?AQN%6FFFR%65Fb%%

$I=D%=D%A@E%EIG%@A>N%S=AP%@\%PGDL?=HE=@A%@AG%<;N%J=CG%@\%`I;E%=E%=D%E@%QG%PGH?GDDGP_% .E% =D% A@E% EIG% QGDE% S=AP% QN% \;?_% .A% EIG% Q@@SR% !=>>% ;>D@%BMGDE=@AD% `IGEIG?% EI=D% =D% ;>>% EIG?G% =D% E@% ;% PGH?GDD=@A_% /@<G% @\% EIG%

! > .#, !,#$- & * A 7 6 ! 6 + A & ! + ' F ! $#, ! : # 7 K * & ! + $ ! % . & ! ,#* 6 - ? !

!

< ; ; !

EI=AJD% DIG%<GAE=@ADR% DMLI% ;D% DGG=AJ%IG?%`@?S%H?@J?GDDR% ;?G% ;>D@%A@E%P=?GLE>N%?G>;EGP%E@%@EIG?%HG@H>GR%DMLI%;D%\?=GAPDR%>@CG?D%@?%\;<=>NR%QME%<@?G%JGAG?;>>N%E@%P=\\G?GAE%EI=AJD%@AG%<;N%L;?G%;Q@MER%DMLI%;D%@AGiD%`@?SR%H@GE?NR%H;=AE=AJD%@?%$-4%H?@J?;<<GD_% .E%P@GDR%I@`GCG?R% DGG<%;D%=\%@EIG?%HG@H>G%=A%H;?E=LM>;?%;?G%;Q>G%E@%J=CG%@M?%>=\G%;%<G;A=AJ%a@?%P=\\G?GAE%<G;A=AJDb_%l;LIG>%;>D@%<GAE=@AD%IG?%\?=GAPD%;AP%IG?%D@A%=A%EIG=?%P=DLMDD=@A_%$IG?G%=D%;% >@AJ=AJ%\@?%;A@EIG?%HG?D@A%=A%>@CG%EI;E% =D%L?ML=;>%\@?%@M?%MAPG?DE;AP=AJ%@\%=E_%Vv.wE%=D%EIG%\GG>=AJ%EI;E%=D%>G\E%`IGA%;\EG?%GAP>GDD%I@M?D%@\%QG=AJ%E@JGEIG?R%E;>S=AJR%<;S=AJ%>@CGR%;AP%D@%@AR%N@M% DE=>>% \GG>% EIG% D;<G% PGD=?G% \@?% EIG% @EIG?% ;D% N@M% P=P% QG\@?GX%a,NSUAGA%6FF6R%777b_%%

!G%<=JIE% ;>D@% DHG;S% @\% EI=D% >@AJ=AJ% ;D% ;% IMAJG?% \@?% >=\GR% QME%`G%DI@M>P%E?G;P%L;?G\M>>N%IG?G_%!IGA%`G%DHG;S%@\%AGGPDR%DMLI%;D%IMAJG?%@?%EI=?DER%`G%@\EGA%EI=AS%@\%D@<GEI=AJ%EI;E%L;A%QG%D;E=D\=GPR%;%J;H%EI;E%AGGPD%E@%QG%\=>>GP_%)ME%";AAGD%,NSUAGAiD%G<HI;D=D%=A%DHG;S=AJ%@\%EIG%>@AJ=AJ%@?%PGD=?G%`G%I;CG%\@?%D@<G@AG%=A%>@CG%=D%H?GL=DG>N%E@%BMGDE=@A%EIG%=PG;%EI;E%=E%=D%D@<GEI=AJ%EI;E%=D%D;E=D\=GP%a@?%\M>\=>>GPb%QN%@M?%QG=AJ%E@JGEIG?_% KN% `;AE=AJ% E@% QG% `=EI% N@M% P@GD% A@E% GAP% `IGA% `G% ;?G%E@JGEIG?_%$IG?G%=DR%;D%=E%`G?GR%VA@EI=AJ!4-!H,($4@08,(!`G%`;AER%?;EIG?%`G%`;AE% ^MDE% ;ANEI=AJ% ;AP% GCG?NEI=AJR% `G% `;AE% EIG% HG?D@A% ;D% DMLIX%a,NSUAGA%6FF6R%77Fb_66c% .A% EI;E% DGADGR% >@CG%L;A%QG% DGGA%;D% ;% ?G;LI=AJ%@ME%E@%;A@EIG?%HG?D@AR%;%?G;LI=AJ%EI;E%;>D@%DE?GELIGD%\@?`;?P%=AE@%EIG%\MEM?G_%%

$IG% \=A;>% L@AD=PG?;E=@AD% DI@M>P% ;>?G;PN% I;CG% <;PG% MD% `;?N% @\%D=<H>N% ?GJ;?P=AJ% EIG% ?G>;E=@A% QGE`GGA% >@CG% ;AP% <G;A=AJ% ;D% ;A%GgEG?A;>%@AG_%.\%`G%L@AD=PG?%EIG%EI=AJD%l;LIG>%=D%E;>S=AJ%;Q@MER%`G%<;N%QG% EG<HEGP% E@% EI=AS% EI;E% a7b% >@CG% =D%@A>N%@AG%@\% EIG% EI=AJD%`G%<=JIE%EI=AS% @\% ;D% <G;A=AJ\M>R% DMLI% ;D% L@>>GLE=AJ% DE;<HD% @?% \@>>@`=AJ% EIG%A;E=@A;>%=LG4I@LSGN%>G;JMG_%WMDE%;D%EIGDG%I@QQ=GD%<;N%SGGH%MD%J@=AJ%=A%E=<GD%@\%E?@MQ>GR%`G%<;N%EI=AS%EI;E%>@CG%P@GD_%*?R%`G%<;N%EI=AS%EI;E%a6b%>@CG%@A>N%H?@C=PGD%;LLGDD%E@%EI=AJD%EI;E%;?G%<G;A=AJ\M>%?GJ;?P>GDD%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%66c% $IGDG% L@AD=PG?;E=@AD% ;>D@% >G;P% ,NSUAGA% E@% BMGDE=@A% `IGEIG?% `G% ;?G% ?=JIE% E@%PGDL?=QG%>@CG%;D%;A%=AL>=A;E=@A_%.AL>=A;E=@ADR%I@`GCG?%VPGEG?<=A;EG%ax.%`@M>P%`;AE%;%J>;DD%@\%`;EG?ibX%@?%V=APGEG?<=A;EG%ax.%;<%EI=?DENibX%a,NSUAGA%6FF6R%c8b%EIGN%;?GR%DGG<%E@%QG%P=?GLEGP%;E%D@<GEI=AJ%EI;E%`G%`;AE%@?%H?G\G?R%D@<GEI=AJ%`G%<=JIE%I;CG_%.%<=JIE%I;CG%;A%=AEG?GDE% =A%@?%AGGP%\@?%D@<GEI=AJR%QME%;D% =A%EIG%L;DG%@\%D;N=AJ%EI;E%`I;E%`G%`;AE%=D%A@E%;ANEI=AJ%=A%H;?E=LM>;?R%QME%EIG%HG?D@A%;D%DMLIR%`I;E%.%PGD=?G%=A%>@CGR%=D%A@E%D@<GEI=AJ%.%L;A%I;CG_%V'@CG%L;AA@E%QG%xI;Pi%4%=E%=D%A@E%;%H?G\G?GALG%A@?%D@<GEI=AJ%EI;E%^MDE% H@HD% MHn% =E% =D% A@E% ;A% =AL>=A;E=@A_X% a,NSUAGA% 6FF6R% c8b_% :@<H;?G% EI=D% E@% <N%H?GC=@MD%L?=E=L=D<D%;J;=ADE%MAPG?DE;AP=AJ%>@CG%;D%;%H?G\G?GALG%=A%LI;HEG?%m%;AP%8_%$I=D%L?=E=L=D<%`;D%;>D@%H;?E>N%=ADH=?GP%QN%,NSUAGAiD%P=DLMDD=@A_%%

2 & ( $ + $ 3 !

! !

< ; D !

@\% `IGEIG?% `G% >@CG% @?% A@E_% .E% J=CGD% MD% EIG% @HH@?EMA=EN% E@% E?;CG>% E@%Gg@E=L% PGDE=A;E=@ADR% @?% GA^@N% =AEG?GDE=AJ% P=AAG?DR% @?% =E% H?@C=PGD% EIG%@HH@?EMA=EN% E@% ?G;>=eG% @AGiD% V>=\G% H?@^GLEDX% DMLI% ;D% QM=>P=AJ% ;AP%PGL@?;E=AJ% ;% I@MDGR% ?;=D=AJ% ;% \;<=>N% ;AP% D@% @A_%"G?G% @AG%<;N% A@EG%EI;E% EIG% >;EEG?% \@?<M>;E=@AD% ;?G% @A>N% DMHG?\=L=;>>N% P=\\G?GAE% \?@<% EIG%LI;MC=A=DE%DMJJGDE=@A%EI;E%<;??=;JG%=D%;%`;N%@\%DGLM?=AJ%@AGiD%DGgM;>%AGGPD_%)@EI%`;ND%@\%>@@S=AJ%;E%;%>@CG%;?G%;D%H?@Q>G<;E=L%=A%EI;E%@AGiD%=AEG?GDE%=A%EIG%@EIG?%=A%EIGDG%L;DGD%=D%HM?G>N%=ADE?M<GAE;>_%%

$IG%L>;=<%.%`;AE%E@%<;SGR%I@`GCG?R%=D%EI;E%EIG%L@AAGLE=@A%QGE`GGA%>@CG%;AP%<G;A=AJ%=D%<MLI%L>@DG?%EI;A%;AN%@\%EIGDG%\@?<M>;E=@AD%;>>@`%MD% E@% EI=AS_%$IG% \@>>@`=AJ%P=DLMDD=@A%DI@M>P%IG>H% E@%<;SG%L>G;?% EI;E%>@CG%=D%A@E%^MDE%;%L@<H@AGAE%@\%;%<G;A=AJ\M>%>=\GR%QME%EI;E%EIG?G%=D%;A%=AEG?A;>% ?G>;E=@A% QGE`GGA% EIG% <G;A=AJ% EI=AJD%<;N% I;CG% \@?% MD% ;AP%>@CG_%)G\@?G%D;N=AJ%<@?G%;Q@ME%`I;E%.%<G;A%QN%EI=DR%=E%=D%`@?EI%A@E=AJ%EI;E%EIG?G%=D%;A%;<Q=JM=EN%=A%E;>S=AJ%;Q@ME%EIG%<G;A=AJ%@\%D@<GEI=AJ_%$I=D%;<Q=JM=EN%?GDED%@A%P=\\G?GALGD%QGE`GGA% E`@%MDGD%@\%V<G;A=AJX_%*A% EIG% @AG% I;APR%`G%<;N% E;>S% ;Q@ME%`I;E% D@<GEI=AJ%<G;AD% E@% MDR%EIG?GQN% D;N=AJ% D@<GEI=AJ% ;Q@ME% EIG% D=JA=\=L;ALG% @?% =<H@?E;ALG% `G%;EE;LI% E@% =E_% *A% EIG% @EIG?% I;APR% `G% <;N% E;>S% ;Q@ME% `I;E% ;% `@?P%<G;ADR%`IGEIG?% =E%<;SGD% DGADG%@?% =D%MDGP% =A% ;%<G;A=AJ\M>%`;N% =A%;%LG?E;=A%L@AEGgE_%$IGDG%E`@%MDGD%;?G%A@E%L@<H>GEG>N%P=DE=ALE%\?@<%G;LI%@EIG?_%*A%EIG%L@AE?;?NR%@AG%<;N%;?JMG%EI;E%>;AJM;JG%L@M>P%A@E%<;SG%DGADG% =\%`I;E%`G%D;N% a@?%I@`%`G%D;N% =Eb%I;P%A@%?G>;E=@A% E@%`I;E%`G%?GJ;?P%;D%D=JA=\=L;AE_%*AG%<=JIE%;>D@%PGDL?=QG%EIG%=PG;%@\%\=AP=AJ%>=\G%<G;A=AJ\M>%;D%;%`;N%@\%EI=AS=AJ%EI;E%>=\G%;D%;%`I@>G%<;SGD%DGADG_%%

$I=D% ;<Q=JM=EN% =D% ;>D@% ;HH;?GAE% =A% D=EM;E=@AD% =A% `I=LI% `G% E;>S%;Q@ME%`IGEIG?% D@<G@AG% ?G;>>N%<G;AD%`I;E% IG%@?% DIG% D;NDR% @?% ;Q@ME%`IGEIG?% `G% ;?G% E;>S=AJ% ;Q@ME% EIG% D;<G% EI=AJ_% .E% ;>G?ED% MD% E@% EIG%P=\\G?GALG%QGE`GGA%<;DEG?=AJ%EIG%MDG%@\%LG?E;=A%`@?PDR%;AP%<G;A=AJ%`I;E%`G%D;N_%$I=D%=D%A@E%E@%D;N%EI;E%`G%;>`;ND%AGGP%E@%DE;AP%QGI=AP%@M?% `@?PD% =A% EIG% D;<G% DGADGR% QME% EI;E% =E% =D% MAL>G;?% `I;E% >;AJM;JG%`@M>P%QG% =\%`G%L@M>P%AGCG?%QG%D;=P% E@%<G;A%`I;E%`G%D;N_%:@<H;?G%:@LSQM?AR%%

!=>>% =E% \@>>@`% \?@<% EI=D% vEI;E% .% G<H>@N% ;% ?;L=DE% EG?<% =A%L@ACG?D;E=@Aw% EI;E% .%'&,-% QN% EIG%`@?P% EIG% D;<G% ;D% EI@DG%`=EI%`I@<%.%;<%DHG;S=AJZ%!=>>%=E%\@>>@`%EI;E%.%;<%054-+%EIG%`@?P%;D%EIGN%MDG%=EZ%KN%@`A%;AD`G?%E@%EI=D%=D%EI;E%=E%`=>>%A@E%\@>>@`_%.%;<%@A>N% H?GEGAP=AJ% E@%<G;A% QN% EIG%`@?P%`I;E% EIGN%P@R% ;AP% @A>N%H?GEGAP=AJ%E@%MDG%=E%;D%EIGN%P@_%$@%<G;A%QN%=ER%;AP%E@%MDG%=ER%;D%EIGN%P@%`@M>P%=AC@>CG%<N%MD=AJ%EIG%EG?<%E@%J=CG%GgH?GDD=@A%E@%<N%L@AEG<HE%@\%EI=D%?;LG_%.\%.%\GG>%A@%DMLI%L@AEG<HER%`I;EGCG?%.%P@%.%`=>>%A@E%QG%MD=AJ%=ER%@?%<G;A=AJ%QN%=ER%`I;E%EIGN%P@_%vzw%!G%

! > .#, !,#$- & * A 7 6 ! 6 + A & ! + ' F ! $#, ! : # 7 K * & ! + $ ! % . & ! ,#* 6 - ? !

!

< ; < !

<=JIE%HME%EIG%H@=AE%EI=D%`;N0%EIG?G%=D%;%P=DE=ALE=@A%E@%QG%P?;`A%QGE`GGA%xSA@`=AJ%`I;ER%;LL@?P=AJ%E@%EIG%>=AJM=DE=L%L@ACGAE=@ADR%=E% =D%;HH?@H?=;EG% E@%D;Ni% ;AP% xI;C=AJ%D@<GEI=AJ% E@%D;Ni_% .%SA@`%I@`% E@%MDG% EI=D% EG?<%@\%;QMDGn%QME% .% I;CG%A@%MDG% \@?% =E%<NDG>\_%a:@LSQM?A%7112R%85488b_%

,@`R% Q@EI% EIGDG% MDGD% I;CG% ;% QG;?=AJ% @A% @M?% MAPG?DE;AP=AJ% @\% EIG%?G>;E=@A% QGE`GGA% >@CG% ;AP% <G;A=AJ_% :@ADGBMGAE>N% .% `=>>% E?N% E@%I=JI>=JIE%;DHGLED%@\%G;LI%@\%EIG<_%$IG%G<HI;D=DR%I@`GCG?R%`=>>%QG%@A%EIG% ?G>;E=@A% QGE`GGA% >@C=AJ% ;AP% \=AP=AJ% >=\G% <G;A=AJ\M>R% D=ALG% EI;E%A@E=@A%DGG<D%L>@DG>N%L@AAGLEGP%`=EI%EIG%A@E=@A%@\%>@C=AJ%>=\G_%%

:G?E;=A% ;DHGLED% @\% EI=D% ?G>;E=@A% QGE`GGA% >@CG% ;AP% <G;A=AJ% I;CG%;>?G;PN%QGGA%?;=DGP%=A%H?GC=@MD%P=DLMDD=@AD_%!G%<;N%?GL;>>%I@`%!=>>iD%\?=GAPDI=H% `=EI% K;?LMD% @HGAGP% I=<% E@% @EIG?% HG@H>G% ;AP% E@% EIG%BMGDE=@A% ;Q@ME% `I@% IG%`;Dn% ;% BMGDE=@A% `I=LI% .% PGDL?=QGP% ;D% QG=AJ%=AE=<;EG>N%Q@MAP%MH%`=EI%EIG%H>;LG%IG%`;AEGP%E@%J=CG%@EIG?%HG@H>G%=A%I=D% >=\G_66m%!G%<;N% ;>D@% EI=AS% @\% EIG% P=\\G?GAE% <G;A=AJD% $@<;D% ;AP%$G?Ge;%=A%"%&!v-?&,(,?8&!Q4+%$-&55!#*!R&4-+%;EE;LIGP%E@%EIG%GCGAED%EI;E%>GP%MH% E@% EIG=?%QG=AJ% E@JGEIG?R% ;AP% EIG%QG;MEN%`=EI%`I=LI% EIG=?% >@CG%DGG<GP% E@% DM??@MAP% EIG<_665% $IG% H@=AE% .% `;AE% E@% Gg;<=AG% <@?G%L>@DG>NR%I@`GCG?R%=D%lIGGDiD%a7181b%?G<;?S%EI;E%VEIG%HG?D@A%=A%>@CG%=D%P=\\G?GAEn% >=\G% =D%P=\\G?GAE% \@?%I=<R%@?% EIG%`I@>G%`@?>P% =D%P=\\G?GAE% \@?%I=<X% a76m4765b_%!I;E% S=AP%@\%`@?>PR% ;D% =E%`G?GR% =D% =E% EI;E% EIG% @AG% =A%>@CG% =AI;Q=EDZ% !I;E% ;?G% =ED% LI;?;LEG?=DE=L% \G;EM?GD% ;AP% I@`% P@GD% =E%P=\\G?%\?@<%@EIG?%`@?>PDR%@?%@EIG?%`;ND%@\%E;S=AJ%=A%@AGiD%>=\GZ%%

*AG% `;N% @\% <=DMAPG?DE;AP=AJ% Q@EI% `I;E% =E% <G;AD% \@?% `@?PD% E@%I;CG%<G;A=AJ%;AP%\@?%D@<GEI=AJ%E@%QG%<G;A=AJ\M>%\@?%<G%=D%E@%EI=AS%EI;E%EIG%<G;A=AJ%=D%L@ADE=EMEGP%QN%D@<G%=AAG?%@LLM??GALGn%@AG%EI=ASDR%D;NR% EI;E% <G;A=AJ% L@AD=DED% =A% <N% ;DD@L=;E=AJ% LG?E;=A% `@?PD% `=EI%LG?E;=A%<GAE;>% =<;JGD% @?% \GG>=AJD_% .A% >=AG%`=EI% EIG% ;EEG<HE% E@% DI@`%EI;E% EIG% <G;A=AJ% @\% `@?PD% L;A% @A>N% QG% \@MAP% QN% L@AD=PG?=AJ% EIG%P=\\G?GAE%?@>GD%EIGN%I;CG%=A%EIG%L@AEGgE%@\%@M?%>=\GR%.%`=>>%?;EIG?%DI@`%EI;E%EIG%S=AP%@\%<G;A=AJ%`=EI%`I=LI%>@CG%GAP@`D%@M?%>=\G%L;A%@A>N%QG%DGGA% QN% L@AD=PG?=AJ% EIG% P=\\G?GAE% `;ND% =A%`I=LI% `G% L@<G% E@%<;SG%DGADG%@\% >=\G% =A% EIG%L@AEGgE%@\%@M?% >@C=AJ%?G>;E=@ADI=HD_%T;=>=AJ% E@% DGG%EI=DR% \@?% @AG% EI=AJR% =D% \;=>=AJ% E@% ;LSA@`>GPJG% EIG% P=\\G?GALG% QGE`GGA%E?M>N% DGG=AJ% D@<GEI=AJ% @?% >=\G% ;D%<G;A=AJ\M>R% ;AP%<G?G>N% I;C=AJ% ;A%GgHG?=GALG% @\% <G;A=AJ_% .% `=>>% ?GEM?A% E@% EI=D% H@=AE% >;EG?% @A% =A% EIG%P=DLMDD=@A_%l;EIG?%EI;A%\@LMD=AJ%@A%D@<G%=AAG?%GgHG?=GALG%.%`=>>%DE?GDD%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%66m%/GG%LI;HEG?%cR%H_%767\_&665%/GG%EIG%H?@>@JMG%@\%EIG%EI=?P%H;?E_%

2 & ( $ + $ 3 !

! !

< ; B !

EI;E% L@<=AJ% E@% J?;DH% EIG% <G;A=AJ% D@<G@AG% DGGD% =A% >=\G% ;AP% =A% ;%H;?E=LM>;?%D=EM;E=@A%=AC@>CGD%H;N=AJ%;EEGAE=@A%E@%`I;E%EIG%HG?D@A%D;ND%;AP%P@GD%A@E%D;NR%`I;E%PGDL?=HE=@AD%IG%@?%DIG%\=APD%;HH?@H?=;EG%@?%\;=?%=A%;%H;?E=LM>;?%D=EM;E=@AR%I@`%IG%@?%DIG%?G;LED%E@%@EIG?%HG@H>G%;AP%E@%EIG%@AGD%IG%@?%DIG%>@CGD_%%

"G?G%;J;=A%=E%=D%H@DD=Q>G%E@%<;SG%;%P=DE=ALE=@A%QGE`GGA%E`@%`;ND%=A%`I=LI%>@CG%=D%?G>;EGP%E@%EIG%S=AP%@\%<G;A=AJ%`G%DGG%=A%>=\G_%*A%EIG%@AG%I;APR% >@CG% ;AP% PGH?GDD=@A% L@ADE=EMEG% @HH@D=EG% ?G;LE=@AD% E@% EIG%BMGDE=@A%`IGEIG?%>=\G% 4-!4$5!&-$4(&$)%I;D%<G;A=AJ_%.A%EI=D%?GDHGLER% EIGN%L;A% ;>D@% QG% DGGA% ;D% QG=AJ% L@AAGLEGP% `=EI% I@`% `G% ;?G% ;>=CG% E@% @M?%D=EM;E=@A_%WMDE%EI=AS%@\%I@`%`G%<;N%PGDL?=QG%D@<G@AG%;D%V\M>>%@\%>=\GX%=A%>@CGR%;AP%;A@EIG?%;D%VLME%@\\%\?@<%>=\GX%=A%PGH?GDD=@A_%*A%EIG%@EIG?%I;APR%>@CGR%^MDE%>=SG%EIG%@EIG?%G<@E=@ADR%G<Q@P=GD%;%H;?E=LM>;?%`;N%@\%<;S=AJ% DGADG% @\% @AGiD% H;?E=LM>;?% D=EM;E=@A_%#D% ;% L@AE=AM;E=@A% @\%<N%H?GC=@MD% P=DLMDD=@ADR% .% `=>>% E?N% E@% DI@`% I@`% EI=D% <G;A=AJ% =D%=AE=<;EG>N% Q@MAP%MH%`=EI% @M?% >=\G% QG=AJ% ;% >=\G%`I=LI%`G% DI;?G%`=EI%@EIG?% HG@H>G% ;AP% EIG% S=AP% @\% QG;MEN% ;AP% J@@PAGDD%`G%<;N% \=AP% =A%DMLI%;% >=\G_%"G?GR% .% DI@M>P%HG?I;HD%H@=AE%@ME% EI;E% EIG%Gg;<H>GD% .%;<%P=DLMDD=AJ%;?G%H?=<;?=>N% L@AAGLEGP%`=EI% EIG%S=AP%@\%DI;?=AJ%@\%;% >=\G%EI;E% =D%;A%;DHGLE%@\%VI;HHN% >@CGDX_% .A% EI;E% DGADGR% .% >G;CG%;D=PG%<;AN%BMGDE=@AD% ;Q@ME%`I;E%<G;A=AJR% @?% >;LS% @\%<G;A=AJR% >@C=AJ% D@<G@AG%`I@%P@GD%A@E%?GEM?A%@AGiD%>@CG%<;N%=AC@>CG_%

.A%EIG%\&7!^#(C!"(48#+)%QN%O;M>%#MDEG?%@AG%@\%EIG%<;=A%LI;?;LEG?D%GgH?GDDGD%EIG%QGJ=AA=AJ%@\%I=D%>@CG%`=EI%;><@DE%EIG%Gg;LE%D;<G%`@?PD%;D%lIGGD%P=P%=A%EIG%;Q@CG%BM@EG_%

&CG?NEI=AJ% I;P% LI;AJGP% \@?% <GR% ;AP% `@?PD% EI;E% .% I;P% AGCG?%MAPG?DE@@P%QG\@?G%DMPPGA>N%QGJ;A%E@%<;SG%DGADG_%$I=D%L;<G%;D%;% ?GCG>;E=@AR% ;AP% `IGA% .% \=A;>>N% I;P% E=<G% E@% ;QD@?Q% =ER% .%`@APG?GP%I@`%.%I;P%<;A;JGP%E@%>=CG%D@%>@AJ%`=EI@ME%>G;?A=AJ%EI=D% D=<H>G% EI=AJ_% .% ;<% A@E% E;>S=AJ% ;Q@ME% PGD=?G% D@% <MLI% ;D%SA@`>GPJGR% EIG% P=DL@CG?N% EI;E% E`@% HG@H>GR% EI?@MJI% PGD=?G% L;A%L?G;EG% ;% EI=AJ% <@?G% H@`G?\M>% EI;A% G=EIG?% @\% EIG<% L;A% L?G;EG%;>@AG_%$I=D%SA@`>GPJG%LI;AJGP%<GR%.% EI=ASR%;AP%;LEM;>>N%<;PG%<G%\GG>%<@?G%IM<;A_%)N%QG>@AJ=AJ%E@%/@HI=GR%.%QGJ;A%E@%\GG>%;D%=\%.%QG>@AJGP%E@%GCG?N@AG%G>DG%;D%`G>>_%a#MDEG?%7133R%6c6b%

$I=D%H;?;J?;HI%Q?=AJD%@ME%DGCG?;>%`;ND%=A%`I=LI%>@CG%L;A%QG%DGGA%;D%?G>;E=AJ%E@%EIG%<G;A=AJ%EI=AJD%I;CG%\@?%<G_%$@%QGJ=A%`=EIR%EIG?G%=D%EIG%\GG>=AJ%EI;E%GCG?NEI=AJ%I;D%LI;AJGPR%@?%EI;E%.%<NDG>\%I;CG%LI;AJGP%=A%L?ML=;>%`;ND_%'@CGR%;D%=E%`G?GR%>GAPD%L@>@M?%;AP%DI;HG%E@%<N%`@?>P_%.%L@<G%E@%\=AP%<G;A=AJ%=A%EI=AJD%.%P=P%A@E%L@AD=PG?%a<G;A=AJ\M>b%QG\@?GR%;EE;LI=AJ%;%J?G;E%D=JA=\=L;ALG%E@%EI=AJD%EI;E%\?@<%EIG%@MED=PG%<;N%>@@S%

! > .#, !,#$- & * A 7 6 ! 6 + A & ! + ' F ! $#, ! : # 7 K * & ! + $ ! % . & ! ,#* 6 - ? !

!

< ; I !

L@AE=AJGAER% DMLI% ;D% EIG%`;N% EIG% >=JIE% \G>>% @A% N@MR% EIG% H>;LG%`G% \=?DE%<GER% EIG%L@>@M?%@\% EIG%DI=?E%N@M%`@?G_%#%H;?E=LM>;?%L;DG%@\% EI=D% =D% EIG%?G>;E=@A% .%<;N% A@`% L@<G% E@% E;SG% E@`;?PD% DHG;S=AJ% EIG% >;AJM;JG% @\%>@CG_%KN%@`A%GgHG?=GALG%@\%QG=AJ%=A%>@CG%<;NR%;D%#MDEG?%`?=EGDR%<;SG%<G%DGAD=E=CG%E@%EIG%<G;A=AJ%@\%`@?PD%EI;E%I;CG%H?GC=@MD>N%DE?MLS%<G%;D% BM=EG% Q;A;>_% .A% EIG% >=JIE% @\% <N% >@CGR% EIG% `@?PD% J;=A% ;% PGGHG?%<G;A=AJ_%$IGN%A@`%DE?=SG%<G%;D%E?MGR%;AP%.%<;N%\GG>%EI;ER%\@?%EIG%\=?DE%E=<GR%.%L;A%DHG;S%EIG<%;AP%?G;>>N%<G;A%`I;E%.%D;N_%%

.%<;N%;>D@%GgHG?=GALG%;%D=<=>;?%?G;LE=@A%E@`;?PD%@EIG?%EI=AJD%EI;E%L@ALG?A% N@MR% \GG>=AJR% ;D% =E% `G?GR% ;D% =\% <G;A=AJ% G<;A;EGD% \?@<% N@M_%$I=AJD%J;=A%;%<G;A=AJ%\@?%<G%EI?@MJI%N@M_%$IGN%QGL@<G%<G;A=AJ\M>%QGL;MDG% EIGN% I;CG% ;% ?G>;E=@A% E@% N@MR% @?% ;% <G;A=AJ% \@?% N@M_% j@M?%\;DL=A;E=@A% \@?% EIG% D`G>>=AJ% QMPD% @\% DH?=AJ%<;SGD%<G% ;`;?G% @\% EIG%LI;AJGD%@\%DG;D@AD%=A%;%`;N%.%`;D%A@E%QG\@?G_%$IG%D<G>>%@\%H=AG4E?GGD%`;?<GP%QN%EIG%DMA%=D%\@?GCG?%;DD@L=;EGP%`=EI%N@M%;AP%EIG%H>;LG%`IG?G%N@M% MDGP% E@% ?=PG% N@M?% Q=LNL>G% ;D% ;% LI=>P_% j@M?% ;HH;?GAE% ^@N% =A%`;ELI=AJ% ;% \=><% EI;E% .% AGCG?% ?G;>>N% ;HH?GL=;EGP% <;SGD% <G% E;SG% ;%P=\\G?GAE% =AEG?GDE% =A% =ER% ;>EI@MJI% .% DE=>>% L;AA@E%Q?=AJ%<NDG>\% E@% >=SG% =E_%#\EG?%N@M?%=A=E=;>%;<;eG<GAE%;E%EIG%>=JIE%,@?P=L%DM<<G?%A=JIEDR%.%;<%EIG% @AG% `I@% L@ADE;AE>N% D;NDR% V*IR% >@@S% I@`% >=JIE% =E% =DX% PM?=AJ%DM<<G?%GCGA=AJD_% .A%EIGDG%`;NDR% .%L@<G%E@%L;??N%N@MR%;D%`G>>%;D%EIG%@EIG?%HG@H>G%.%>@CG%`=EI%<G%=A%<N%GgHG?=GALGD%@\%>=\G_668%%

$IGDG% S=APD% @\% GgHG?=GALGDR% `I=LI% .% ;DDM<G% ;?G% \;<=>=;?% E@%GCG?N@AG% ;>EI@MJI% EIGNR% @\% L@M?DGR% E;SG% CG?N% P=\\G?GAE% \@?<DR% <;N%DGG<%BM=EG%DMHG?\>M@MD%=A%EIG%Q=J%DLIG<G%@\%>=\G_%,GCG?EIG>GDDR%.%EI=AS%EIGN%I;CG%;%<MLI%<@?G%\MAP;<GAE;>%?@>G%=A%@M?%>=\G%EI;A%@AG%<;N%QG%H?@AG%E@%;DD=JA%E@%EIG<%;E%\=?DE_%*M?%QG=AJ%Q@?A%=AE@%;%L@AEGgE%@\%@EIG?%HG@H>G% `I@% =A% P=\\G?GAE% `;ND% <;EEG?% E@% MDR% ;AP% E@% `I@<% EI=AJD%<;EEG?R%L;A%QG%DGGA%;D%H>;N=AJ%;%L@ADE=EME=CG%H;?E% =A%I@`%EI=AJD%;AP%`@?PD% L@<G% E@% I;CG% <G;A=AJ% E@% <G% =A% EIG% \=?DE% H>;LG_% $IG% YMELI%;MEI@?%O_T_%$I@<dDG%a6FF5b%`?=EGD%;Q@ME%EIG%`;ND%=A%`I=LI%I=D%\;EIG?%DI@`GP% I=<% ;AP% E;MJIE% I=<% EIG% A;<GD% @\% P=\\G?GAE% Q=?PD% ;AP% I@`%;\EG?% EIG% PG;EI% @\% I=D% \;EIG?R% >@@S=AJ% ;E% Q=?PD% QGL;<G% @AG% `;N% @\%L@AE=AM=AJ% I=D% ?G>;E=@ADI=H% `=EI% I=D% \;EIG?% a56b_% $IG% DE@?N% =D% ;A%=<H@?E;AE%?G<=APG?%@\%EIG%`;ND%=A%`I=LI%LI=>P?GA%;?G%Q?@MJIE%MH%=AE@%@M?% \@?<D% @\% >=\G_% O@=AE=AJ% @ME% EI=AJD% @\% =AEG?GDE% ;AP% L@ALG?AR% EIG%H;?GAED% IG>H% EIG% LI=>P% E@% @?=GAE% =EDG>\% =A% EIG% `@?>P_% )N% L@AAGLE=AJ%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%668%lG<G<QG?%EIG%`;ND%=A%`I=LI%C=D=E=AJ%D@<G@AG%=A%;A@EIG?%L@MAE?N%<;N%@HGA%EIG%L@MAE?N%;AP%EIG=?%`;ND%@\%>=\G%E@%<G%=A%`;ND%EI;E%<G?G>N%DHGAP=AJ%E=<G%=A%EIG%L@MAE?N%;D%;%E@M?=DE%P@%A@E_%%

2 & ( $ + $ 3 !

! !

< ; C !

LG?E;=A%`;ND%@\%?G>;E=AJ%E@%;%D=EM;E=@A%`=EI%;A@EIG?%HG?D@AR%;AP%`I;E%IG%@?%DIG%\=APD%=<H@?E;AER%=E%>G;?AD%E@%`I;E%;DHGLED%=E%DI@M>P%P=?GLE%=ED%;EEGAE=@A_% .A% );LIE=AiD%`@?PD% =E% =D% =<H@?E;AE% EI;E% EI=D% ;EEGAE=@A% QG% ;%>@C=AJ%;EEGAE=@A_%#A@EIG?%;DHGLE%@\%EI=DR%@\%L@M?DGR%=D%E@%H=LS%MH%@A%EIG%EI=AJD%E@%`I=LI%EIG%LI=>PiD% =<<GP=;EG%;EEGAE=@A%=D%P?;`A%=A%P=\\G?GAE%`;ND_% !G% ;?GR% ;D% =E% `G?GR% Q@?A% =AE@% L=?LM<DE;ALGD% EI;E% ;?G% ;>?G;PN%D;EM?;EGP%`=EI%<G;A=AJD%EIG%=<H@?E;ALG%@\%`I=LI%L;AA@E%QG%DGH;?;EGP%\?@<%EIG%=<H@?E;ALG%@EIG?%HG@H>G%I;CG%\@?%MD_662%%

$IG% \@?<G?%A@E=@A%@\%HG@H>G%Q?=AJ=AJ%<G;A=AJ% =AE@%@M?% >=\G%L@M>P%QG%@AG%`;N%@\%GgH?GDD=AJ%EIG%EI@MJIE%EI;E%=A%>@CG%.%I;CG%\@MAP%;%AG`%LGAEG?% \@?%<N%`@?>P_%$I=D%<;N%;J;=A%QG% ?G>;EGP% E@% EIG%GgHG?=GALG%@\%QG>@AJ=AJ% E@%D@<G@AG%@?% E@% EIG%`@?>PR%@?% E@%GCG?N@AG%G>DG%;D%#MDEG?%`?=EGD_%$I@<dDG%PGDL?=QGD%I=D%\GG>=AJD%\@?%I=D%AG`4Q@?A%P;MJIEG?%=A%;%D=<=>;?%\;DI=@A_%%

"G?% Q=?EI% L;<G% E@% MD% >=SG% ;A% =A\;EM;E=@An% GCG?NEI=AJ% QGL;<G%LI;?JGPR%GALI;AEGP%QN%EIG%<=?;L>G%@\%IG?%H?GDGALG_%$IG%`@?>PR%=A%`I=LI%.%I;P%<@CGP%`=EI@ME%P=?GLE=@A%\@?%D@%>@AJR%DMPPGA>N%I;P%;%?;P=L;>%LGAE?G_%a$I@<dDG%6FF5R%3b%%

.% I;CG% ;>?G;PN% P=DLMDDGP% I@`%`G% ;?G% E@% MAPG?DE;AP% EIG% D@<G`I;E%H;?;P@g=L;>%DE;EG<GAE%EI;E%.%\=AP%<NDG>\%QN%>@L;E=AJ%EIG%LGAEG?%@\%<N%>=\G% =A%D@<G@AG%G>DG_663%"G?G%`G%<;N%@A>N%A@EG%EI;E%GgH?GDD=@AD%DMLI%;D%EIGDG%<;N%QG%MDGP%E@%L@ACGN%EIG%\GG>=AJ%EI;E%EIG?G%=D%;%HM?H@DG%=A%;AP%`=EI%<N%>=\G_%*?R%=E%<;N%QG%D;=P%E@%=>>MDE?;EG%EI;E%>@CG%HMED%EI=AJD%=A% EIG% ?=JIE% HG?DHGLE=CG_% .E% EG;LIGD661% <G% `I;E% ?G;>>N% <;EEG?DR%D@>=P=\N=AJ% EIG% L@AC=LE=@A% EI;E% `I;EGCG?% H?@Q>G<D% <;N% QG\;>>% <GR% .%<;N%?GDE%D;\G%=A%>@CG_6cF%%

#E% EIG%D;<G%E=<G% EIGDG%`;ND%@\% \=AP=AJ%P=?GLE=@A%;AP%<G;A=AJ% =A%>@CG%;>G?E%MD%E@%EIG%CM>AG?;Q=>=EN%@\%>@CG_%O>;L=AJ%<N%I;HH=AGDD%=A%N@M?%I;APDR%@?%\=AP=AJ%=E%EIG?GR%@HGAD%MH%EIG%H@DD=Q=>=EN%EI;E%.%<;N%>@DG%<N%LGAEG?R%EIG%J?@MAP%QGAG;EI%<N%\GGER%=A%>@D=AJ%N@M_%$I=D%;DHGLE%=D%;E%=ED%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%662%$I=D%?G<=APD%MD%@\%EIG%D=JA=\=L;AE%?@>G%DI;?GP%?G;LE=@AD%;AP%;J?GG<GAE%=A%`I;E%`G%?GJ;?P% ;D% =<H@?E;AE% I;D% \@?% EIG% \@?<;E=@A% @\% >;AJM;JG_% .E% J=CGD% MD% @AG% `;N% @\%MAPG?DE;AP=AJ% !=EEJGADEG=AiD% G<HI;D=D% @A% EIG% AGGP% \@?% L@<<MA=EN% \@?% >;AJM;JG%<;S=AJ%;AN%DGADG_%:\_%G_J_%KLY@`G>>%a6FF6b%;AP%lIGGD%a715mb_%663%/GG%LI;HEG?%5_%661% $`@%H@=AED% L;A% QG%<;PG% ;Q@ME%`I;E% >@CG% L;A% QG% D;=P% E@% EG;LI%<Gn% a7b% EIG?G% ;?G%;>`;ND%AG`%EI=AJD%E@%>G;?AR%a6b%`I;E%.%I;CG%>G;?AGP%=D%D@<GEI=AJ%EI;E%.%I;CG%E@%>G;?A%E=<G%;AP%;J;=A_%$IG?G%=D%A@%H@=AE%;E%`I=LI%.%L;A%D;NR%V,@`%.%SA@`%;>>%EIG?G%=D%E@%SA@`%;Q@ME%>@CG_X%*?R%V$I=D%a;AP%@A>N%EI=Db%=D%`I;E%=E%<G;AD%E@%>@CG_X%%6cF% .% P=DLMDD% EI=D% =PG;% @\% QG=AJ% D;\G% =A% >@CG% =A% ?G>;E=@A% E@% EIG% ?=DSD% EI;E% DGG<% E@% QG%=AC@>CGP%=A%>@C=AJ%=A%<@?G%PGE;=>%=A%EIG%\@>>@`=AJ%LI;HEG?_%

! > .#, !,#$- & * A 7 6 ! 6 + A & ! + ' F ! $#, ! : # 7 K * & ! + $ ! % . & ! ,#* 6 - ? !

!

< ; = !

<@DE%@QC=@MD%=A%EIG%>@DD%@\%<G;A=AJ%`G%<;N%GgHG?=GALG%=A%D@??@`%;AP%J?=G\_% .A% EI=D% ?GDHGLE% ;>D@R% $I@<dDGiD% Q@@SR% E?N=AJ% E@% J?;DH% `I;E% E@%<;SG% @\% I=D% ;AP% I=D% `=\GÅD% >=\G% ;\EG?% EIG% PG;EI% @\% I=D% AG`4Q@?A%P;MJIEG?R%=D%;%H@`G?\M>%EGDE=<@AN%@\%EIG%`;ND%=A%`I=LI%EIG%PG;EI%@\%;%>@CGP% @AG% L;A% PGH?=CG% @AGiD% >=\G% @\% <G;A=AJ_% #% D=<=>;?% S=AP% @\%PGDHG?;E=@A% =D% ;>D@% \@MAP% =A% @AG% @\% !=EEJGADEG=AiD% a6FFFb% <@?G%HG?D@A;>% ?G<;?SDR% =A% `I=LI% IG% ;DSD% I=<DG>\R% X(;AADE% PM% P=LI% A=LIE%;MLI% @IAG% DG=AG% '=GQG% \?]I>=LI% DG=AZ%KMDDE% PM% @IAG% P=GDG% '=GQG% =A%h?;<%CG?D=ASGA_%(;AADE%PM%@IAG%P=GDG%/E�EeG%A=LIE%>GQGAZX%a.EG<%7cc%O;JG%mcCb_%:@<H;?GP%E@%>@CG%;AP%PGH?GDD=@A%;D%?G;LE=@AD%E@`;?PD%>=\G%;D%I;C=AJ%<G;A=AJ%;D%;%`I@>GR%J?=G\%;>D@%L@ADE=EMEGD%;A%=AEG?GDE=AJ%V=A%QGE`GGAX_% *A% EIG% @AG% I;APR% =E% =D% ;A% ;\\=?<;E=@A% @\% >=\G% I;C=AJ%<G;A=AJR%@A%EIG%@EIG?R%=E%=D%GgHG?=GALGP%;D%;%>@DD%@\%<G;A=AJR%`I=LIR%@\%L@M?DGR% =E% =D_%!G% >@DG%D@<G@AG%`G% >@CG_%$I=D%;J;=A%Q?=AJD% E@% EIG% \@?G%I@`%;A@EIG?%IM<;A%QG=AJ% =D% ;>`;ND% ;A%@EIG?% E@%<G_%'=SG% \G`%@EIG?%EI=AJDR% PG;EI% I;D% EIG% H@`G?% @\% ?GCG;>=AJ% E@% MD% `I;E% =E% <G;AD% \@?%;A@EIG?% E@% QG% ;% MA=BMG% =AP=C=PM;>_% .A% EIG% >=JIE% @\% EIG% >@DD% `G%GgHG?=GALG% =A% J?=G\R% EIG% ;EEG<HEDR% P=DLMDDGP% =A% EI=D%`@?SR% E@% GgH>;=A%`I;E% `G% >@CG% `=EI% ?G\G?GALG% E@% H?G\G?GALGD% @?% MDGR% DI@`% ^MDE% I@`%DI;>>@`%EIGN%;?G_%%

$IG% ;Q@CG% ?G<;?SD% I;CG%<;=A>N% L@ALG?AGP% D@<G%`;ND% =A% `I=LI%P=\\G?GAE% EI=AJD% =A% >=\G%<;N%QG%@?%QGL@<G%<G;A=AJ\M>% \@?%MD% =A% >@CG_%"@`GCG?R% >@CG% ;>D@% LI;AJGD% EIG% `;N% `G% MAPG?DE;AP% ;AP% PGDL?=QG%EI=AJD_% $I=ASR% \@?% =ADE;ALGR% @\%I@`% D@<G@AG%<;N%<;SG% ;%I@MDG% \GG>%>=SG%;%I@<GR%;AP%A@E%@A>N%\GG>%>=SG%;%I@<GR%QME%;LEM;>>N%QG%@AG_%a.A%EIG%Q;LSJ?@MAPR%$;A=E;%$=S;?;<%a7113b%D=AJDR%A!#H&-!$%&!.##(!?0$!4$W5!-#$!84C&!,! %#'&! 74$%#0$! )#0% `IG?G;D% #QQ;% a7136b% ?GL@?PD% EIG% DGG<=AJ>N%<G;A=AJ>GDD%PGE;=>D% @\% ;% >=\G% EM?AGP% =AE@% ;% ?ME% =A%"%&!Y,)!R&*#(&!^#0!G,'&_b% TM?EIG?<@?GR% P?;`% E@% <=AP% I@`% P@=AJ% D@<GEI=AJ% E@JGEIG?%;LEM;>>N% LI;AJGD% EIG% <G;A=AJ% @\% `I;E% =E% =D% `G% P@R% EIG% P=\\G?GAE%=<H>=L;E=@ADR%BMGDE=@AD%;AP%?G;D@AD%EI;E%;%DHGL=\=L%;LE=C=EN%L;A%QG%D;=P%E@%GAE;=>_%/I;?=AJ%;%<G;>%=D%D@<GEI=AJ%P=\\G?GAE%\?@<%GA^@N=AJ%@AG%@A%<N%@`AR%;AP%A@E%@A>N%=A%EIG%`;N%.%<;N%GgHG?=GALG%=ER%QME%=A%`I;E%=E%=D%.% L;A% QG% D;=P% E@% P@_% $I=D% ;J;=A% ?G<=APD% MD% @\% EIG%`;ND% >@CG%<@DE>N%=AC@>CGD%DI;?=AJ%;%>=\G%E@JGEIG?R%;AP%I@`%EIG%>=\G%EI;E%`G%DI;?G%L@<GD%E@%LI;AJG%EIG%`;N%.% EI=AS%;Q@ME%<N%@`A%>=\G_6c7% .%<;N%A@E%QG%;Q>G%E@%EI=AS%;Q@ME%<N%>=\G%`=EI@ME%EI=AS=AJ%;Q@ME%N@M?%H>;LG%=A%=E_%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%6c7%:\_%LI;HEG?%8_%"@`GCG?R%EIG?G%=D%;%P=DE=ALE=@A%QGE`GGA%EIG%<G;A=AJ%>@C=AJ%D@<G@AG%L;A%I;CG%\@?%;%HG?D@AR%;AP%EIG%<G;A=AJ%EIG%I;HHN%>@CG?Di%?G>;E=@ADI=H%I;CG%\@?%EIG<_%#>EI@MJI% <;AN% @\% <N% H@=AED% L@ALGAE?;EG% @A% EIG% >;EEG?R% =E% =D% H@DD=Q>G% EI;E% >@C=AJ%

%

2 & ( $ + $ 3 !

! !

< ; H !

/HG;S=AJ% ;Q@ME% DI;?=AJ% ;>D@% Q?=AJD% @ME% EIG% AM<QG?% @\% ;LE=C=E=GD%EI;E% ;?G% GDDGAE=;>>N% DI;?GP% DMLI% ;D% I;C=AJ% L@ACG?D;E=@ADR% IMJJ=AJR%S=DD=AJR% <;S=AJ% >@CG% `I=LI% <;PG% H@DD=Q>G% QN% >@CG_% &CGA% =A% L;DGD%`IG?G%`G%P@%D@<GEI=AJ%E@JGEIG?%EI;E%`G%<=JIE%;>D@%P@%;>@AG%`I;E%=D%=AC@>CGP% =A%P@=AJ% =E% LI;AJGD_%YGL=P=AJ%`I;E% E@%P@% =<H>=GD%P=\\G?GAE%EI=AJD% =\% .% ;<% EIG% @A>N% @AG% `I@% =D% <;S=AJ% EIG% PGL=D=@A% @?% =\% .% ;<%<;S=AJ%=E%E@JGEIG?%`=EI%N@M_%.\%.%;<%EIG%@A>N%@AG%E@%<;SG%;%PGL=D=@AR%N@M%<;N%`G>>%;PC=DG%<G%@A%`I;E%E@%P@_%.\R%I@`GCG?R%.%E;SG%`I;E%N@M%D;N%=A%@M?%^@=AE%PGL=D=@A%;D%;%H=GLG%@\%;PC=LGR%.%;<%DG?=@MD>N%<=DE;SGA%;Q@ME%`I;E%=E%<G;AD%E@%PGL=PG%D@<GEI=AJ%E@JGEIG?_%%

$I=D%;DHGLE%@\%QG=AJ%E@JGEIG?%=D%;>D@%?G>GC;AE%\@?%L>G;?=AJ%;`;N%@AG%S=AP%@\%<=DE;SG% =A%I@`%@AG%MAPG?DE;APD% EIG% DGADG% =A%`I=LI%;A@EIG?%HG?D@A%<;N%QGL@<G%EIG%LGAEG?%@\%<N%>=\G_%*AG%<;N%G;D=>N%E;SG%EI=D%;D%D=<H>N% D;N=AJ% D@<GEI=AJ% ;Q@ME% EIG% ?G>;E=@ADI=H% E`@% HG@H>G% I;CG% E@%@AG%;A@EIG?_%)ME%EIG%H@=AE%@\%E;>S=AJ%;Q@ME%N@M%;D%EIG%LGAEG?%@\%<N%>=\G%=D% A@E% @A>N% ;% HG?D@A;>% @AG_% l@A;>P% '_% ";>>% a6FFFb% L@<<GAED% EI;E% ;%I;HHN% X<;??=;JG% ?GBM=?GD% A@E% @A>N% EI;E% EIG% E`@% \;>>% =AE@% >@CG% `=EI%G;LI%@EIG?R% =E%;>D@%?GBM=?GD%EI;E% EIG%E`@%E@JGEIG?%\;>>% =A% >@CG%`=EI%EIG%`@?>PX%a6c1b_%"G%E;SGD%EI=D%;D%;%H@=AE%;Q@ME%EIG%H>;LG%<;??=;JG%I@>PD%;D%;A%V=ADE=EME=@AX%EI;E%VL;??=GD%HMQ>=L%?GDH@AD=Q=>=E=GDX%;AP%D;ND%EI;E%=E%=D% ;% V<@?;>% AGLGDD=ENX% EI;E% <;??=;JG% =D% VA@E% D=<H>N% ;% L@ACG?D;E=@A%GgL>MD=CG>N%QGE`GGA%EIG%E`@%>@CG?D%vz%QMEw%;%L@ACG?D;E=@A%EI;E%@HGAD%E@`;?P%EIG%`@?>PX%a";>>%6FFFR%6c3b_%"G%L;>>D%EI=D%AGLGDD=EN%;%<@?;>%@AG%=A%EI;E% =E%AGGPD%E@%;>>@`%\@?%EIG%H@DD=Q=>=EN%EI;E% EIG% >@CG?D%I;CG%;% >=\G%@MED=PG% EIG=?% ?G>;E=@ADI=HR% A@E% PGAN=AJ% EIG% L@A\>=LED% ;AP%P=D;J?GG<GAED%EI;E%<;N%Gg=DE%=A%EI;E%>=\G%`=EI%@EIG?%HG@H>G_%%

.% ;J?GG% `=EI% EIG% J=DE% @\% I=D% ;?JM<GAE% QME% .% `@M>P% ;PP% EI;E% EI=D%AGLGDD=EN% =D% A@E% @A>N% ;%<@?;>% AGLGDD=EN% QME% ;% J?;<<;E=L;>% @AG_% $IG%H?@<=DG% @\% >@CG% =D% A@E%<;PG% =A% DGL?GE_% l;EIG?% EIG?G% ;HHG;?D% E@% QG% ;%H?@Q>G<%=\%D@<G@AG%P@GD%A@E%`;AE%E@%?GCG;>%I=D%@?%IG?%>@CGR%@?%SGGH%=E%;% DGL?GE% ;\EG?% EIG% =A=E=;>% IGD=E;E=@A% EI;E% A@?<;>>N% LI;?;LEG?=eGD% ;%QGJ=AA=AJ% ?G>;E=@ADI=H_% .E% =D% L?ML=;>% EI;E% .%<;N%A@E%@A>N%`;AE%N@M% E@%SA@`%EI;E%.%>@CG%N@MR%QME%EI;E%.%a<;Nb%`;AE%EIG%`@?>P%E@%SA@`%=E_%#D%.%<GAE=@AGP%G;?>=G?R%<N%H?@<=DG%E@%>@CG%N@M%P@GD%A@E%@A>N%L@ALG?A%I@`%.%`;AE%N@M%E@%?GJ;?P%<N%H?GDGAE%;AP%\MEM?G%;LE=@ADR%.%;<%<;?S=AJ%EIG%HG?DHGLE=CG% ;J;=ADE% `I=LI% .% MAPG?DE;AP% ;AP% `;AE% N@M% ;D% `G>>% ;D%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%D@<G@AG% \?@<% ;\;?%<;N% ;>D@% J=CG% @AGiD% >=\G%<G;A=AJ_% jGER% QG=AJ% MA;Q>G% E@% QG% =A% ;%?G>;E=@ADI=H%`=EI% EIG% >@CGP% @AG%<;N%<;SG% I@>P=AJ% @A% E@% EIG%<G;A=AJ% =A% @AGiD% >=\G%P=\\=LM>E_%

! > .#, !,#$- & * A 7 6 ! 6 + A & ! + ' F ! $#, ! : # 7 K * & ! + $ ! % . & ! ,#* 6 - ? !

!

< ; @ !

@EIG?D%E@%MAPG?DE;AP%<GR%<N%;LE=@AD%;AP%<N%>=\G_% .E% =D% =A%EIG% >=JIE%@\%EI=D%H?@<=DG%EI;E%.%;LLGHE%?GDH@AD=Q=>=EN%\@?%`I;E%.%P@_%%

$@%A;<G%QME%@AG%Gg;<H>GR%=E%=D%;%LI;?;LEG?=DE=L%\G;EM?G%@\%>@CG%EI;E%=A%D@<G%D=EM;E=@AD%.%<MDE%E;SG%;A%;LE=CG%DE;AP%@A%=E%;AP%MD_%#AD`G?=AJ%;%I;?<>GDD%BMGDE=@A%DMLI%;D%V!I;E%P=P%N@M%P@% EI=D%`GGSGAPZX%<;N%QGL@<G%;% >=G% =\% .%D=<H>N%@\\G?%;%DE@?N%;Q@ME%`I;E% A6!;AP%A@E%`I;E%`G%P=P_% $IG% <G?G% \;LE% EI;E% .% DHGAE% EIG% `GGSGAP% `=EI% N@M% <;N% <;SG%DHG;S=AJ% ;Q@ME% =E% =A% DMLI% EG?<D% ;A% @<=DD=@A_% $IG?G% ;?G% @\% L@M?DG%D=EM;E=@AD%=A%>=\G%`IG?G%EIG?G%=D%A@%BMGDE=@A%;D%E@%`IGEIG?%.%DI;?G%<N%>=\G%`=EI%D@<G@AGR%QME%;E%@EIG?%E=<GDR%=E%=D%MAL>G;?%`I;E%=E%<;N%<G;A%E@%EG>>%D@<G@AG%;Q@ME%')%>=\G%`=EI@ME%;E%EIG%D;<G%E=<G%EG>>=AJ%I=<%;Q@ME%#0(% >=\G_%&CGA%D;N=AJ%EI;E%>G;C=AJ%N@M%@ME%@\%EIG%DE@?N%@\%`I;E%.%I;CG%P@AG% ;AP% `IG?G% .% I;CG% QGGA% <;N% QG% L@AD=PG?GP% ;A% @<=DD=@A% @?% ;%PGLGHE=@A% D;ND% D@<GEI=AJ% ;Q@ME% EIG% P=\\G?GAE% S=AP% @\%<G;A=AJ%`=EI%`I=LI% ;% >=\G%`=EI% N@M% GAP@`D%<N% >=\G_% *M?% >@CGR% EIMDR% QGL@<GD% EIG%LGAEG?%@\%@M?%>=\G%=A%EI;E%=E%H?@C=PGD%EIG%>=JIE%=A%`I=LI%@M?%;LE=@AD%;?G%E@%QG%MAPG?DE@@P_%K;??=;JG%L;A%QG%DGGA%;D%;%HMQ>=L%;LSA@`>GPJG<GAE%@\%EI=D%=AIG?GAE%\;LE%;Q@ME%>@CG_%%

+ + !+297*&!(%%(".2&$%!#*!+**(%+#$(6!+667'+#$E!

#Q@CG%.%I;CG%E?=GP%E@%Q?=AJ%@ME%D@<G%`;ND%=A%`I=LI%>@CG%L;A%QG%D;=P%E@%QG%?G>;EGP%E@%\=AP=AJ%<G;A=AJ%=A%>=\G%;AP%EM?A=AJ%E@`;?P%EIG%`@?>P_%.%A@`%`;AE%E@%EM?A%E@%@AG%@Q^GLE=@A%E@%EI=D% =PG;_% .E% =D%?;=DGP%QN%lMDI%lIGGD% a6FFFb% =A% ;A% ;EEG<HE% E@%<;SG% DGADG% @\% D@<G%@\% /=<@AG%!G=>iD%?G<;?SDR% DMLI% ;D% V.\% N@M% >@CG% ;AN@AGR% EIGA% ;>`;ND% EI=AS% @\% I=<% ;D%EI@MJI%IG%`G?G%PG;PX%a7F5R%EIG%\@?<M>;E=@A%=D%lIGGDiDb_%.A%DE?MJJ>=AJ%`=EI%DMLI%HI?;LGDR%lIGGD%\@?<M>;EGD%!G=>iD%H@D=E=@A%>=SG%EI=DR%%

.\%=A%N@M?%>@CG%\@?%D@<G@AG%N@M%;?G%H@DDGDDGP%QN%EIG%EI@MJIE%@\%DGG=AJ% I=<% ;J;=ApQN% EI@MJIED% @\%`I;E% EIG% \MEM?G%<;N% Q?=AJR%;AP%@\% EIG% ^@N%@\% I=D% L@<H;ANpEIGA% EIG% >@CG% =D% A@E%HM?G_% .E% =D%A@E% HM?G>N% ;% >@CG% @\% %4'n% =E% =D% L@AE;<=A;EGP% QN% =<;J=A;E=@A_%OG?I;HD%DIG%`@M>P%D;N% EI;E%N@M?% >@CG% =D% EIGA%A@E%L@ALGAE?;EGP%@A% I=<n% N@M% I;CG% A@E% P=D?GJ;?PGP% N@M?DG>\_%*?% DIG%<=JIE% D;N0%j@M?% >@CG% =D%A@E% ;% >@CG%@\%I=<n% =E% =D% ;% >@CG%@\% >=\G_% alIGGD%6FFFR%7F8b%

$IG% L@AL>MP=AJ% DGAEGALGR% @\% L@M?DGR% =D% =A% DE;?S% L@AE?;DE%`=EI%`I;E% .%I;CG%D;=P%D@%\;?_%.\%EI=D%=D%=APGGP%`I;E%!G=>%`;AEGP%E@%D;NR%;AP%DIG%=D%?=JIE% ;Q@ME% =ER% =E% ;HHG;?D% EI;E% =\%`G%`@M>P% QG% BM=EG%`?@AJ% E@% Q?=AJ%E@JGEIG?%>@C=AJ%D@<G@AG%`=EI%;%>@CG%@\%>=\G_%l;EIG?R%=E%`@M>P%DGG<%EI;E%`G%DI@M>P%P@%@M?%QGDE%E@%SGGH%EIG%E`@%;H;?E_%,@`R%EIG%?G<;?SD%`=EI%

2 & ( $ + $ 3 !

! !

< D G !

`I=LI% lIGGD% DE?MJJ>GP% ;>>% L@ALG?A% ;% LG?E;=A% \@?<% @\% PGE;LI<GAE%`I=LIR%\@?%!G=>R%`;D%@\%ME<@DE%=<H@?E;ALG%\@?%;EE;=A=AJ%HM?=EN%=A%>@CG_%$I=D%L@ALG?AD%GDHGL=;>>N% EIG% >@CG%@\%h@P%`I=LI%DIG%L@AD=PG?GP% E@%QG%EIG% HM?GDE% \@?<% @\% >@CG_% )ME% =D% EIG?GR% lIGGD% ;DSDR% ;AN% ?@@<% \@?%HG?D@A;>%>@CG%=A%DMLI%;A%;LL@MAEZ%.D%A@E%EIG%S=AP%@\%HG?D@A;>%L@ALG?A%`G%<;N%I;CG%\@?%@EIG?D%GgL>MPGP%=A%?G<;?SD%DMLI%;DR%V$@%GAPM?G%EIG%EI@MJIE% EI;E% EI@DG%`G% >@CGR%@A%`I@<%`G%EI=AS% >@C=AJ>NR%;?G%<@?E;>R%;?G%HG?I;HD%PG;P%;E%EIG%CG?N%<@<GAE%`G%;?G%EI=AS=AJ%@\%EIG<pEI=D%=D%;A%;AJM=DIX%a!G=>%7158R%673bR%;APR%VT?=GAPDI=H%=D%;%<=?;L>G%QN%`I=LI%;%HG?D@A%L@ADGAED%E@%C=G`%\?@<%;%LG?E;=A%P=DE;ALGR%;AP%`=EI@ME%L@<=AJ%;AN% AG;?G?R% EIG% CG?N% QG=AJ%`I@% =D% AGLGDD;?N% E@% I=<% ;D% \@@PX% a!G=>%7122R%c2Fb_6c6%%

!I;E%!G=>%=D%L?=E=L=e=AJ%IG?G%=D%;%LG?E;=A%\@?<%@\%;EE;LI<GAE%E@%EIG%`@?>PR%`I=LI%=A%@AG%`;N%@?%@EIG?%<;N%L@AE;<=A;EG%@M?%>@CG_%.A%@EIG?%H>;LGD% DIG%;>D@% DE?GDDGD% EIG%AGGP% E@%?GA@MALG% EIG%`@?>P% =A% >@CG_% .E% =D%=<H@?E;AE%E@%?GL@JA=eG%EI;E%EI=D%E;>S%;Q@ME%EIG%V`@?>PXR%;AP%=A%lIGGDiD%L;DGR%V>=\GXR%QG>@AJD%E@%;%DH=?=EM;>%;AP%?G>=J=@MD%>;AJM;JG_%$IG%V`@?>PX%`G% AGGP% E@% ?GA@MALG% DI@M>P% QG% MAPG?DE@@P% =A% ;LL@?P;ALG%`=EI% EIG%`@?>P>N%>=\G%:I?=DE=;AD%;?G%GAL@M?;JGP%E@%J=CG%MHR%;%>=\G%@\%H>G;DM?GDR%\;<GR% `G;>EI% ;AP% H@`G?_6cc% $IG?G\@?GR% `G% DI@M>P% A@E% L@A\MDG% EI=D%V`@?>PX%`=EI%EIG%HIND=L;>%@?%<GE;HIND=L;>%V`@?>PX%@\%HI=>@D@HINR%QME%;EEGAP%E@%`I;E%=E%=D%`G%`;AE%E@%D;N%QN%DHG;S=AJ%;Q@ME%VEIG%`@?>PX%=A%P=\\G?GAE%L=?LM<DE;ALGD_%TM?EIG?<@?GR%`G%P@%A@E%I;CG%E@%;DDM<G%EI;E%;>>% ;DHGLED% @\% >=\GR% @?% @\% EIG%`@?>P% =A% ;% Q?@;P% DGADGR% ;?G% AGLGDD;?=>N%GgL>MPGP%=A%!G=>iD%;LL@MAE_%

#%D=<=>;?%>=AG%@\%EI=AS=AJ%;>D@%I@>PD%;%H>;LG%=A%>@CGR%GCGA%`IGA%`G%;?G%A@E%E;>S=AJ%;Q@ME%EIG%>@CG%@\%h@P_%$IG?G%=D%;%BMGDE=@A%;Q@ME%`I;E%`G%;?G%;EE;LIGP%E@%=A%>@CGR%;AP%=E%<;N%QG%AGLGDD;?N%\@?%<G%E@%J=CG%MH%LG?E;=A%;EE;LI<GAED%=\%<N%>@CG%=D%E@%QG%HM?G_%T@?%<N%>@CG%E@%QG%;%>@CG%@\%N@MR%=E%L;AA@ER%;D%lIGGD%D;NDR%E;SG%<N%@`A%`=DIGDR%=PG;>=e;E=@AD%@?%GgHGLE;E=@AD% @\%`I;E% N@M% DI@M>P% QG% ;D% =ED% @Q^GLE_%,@?% DI@M>P% .% E;SG%N@M% \@?% J?;AEGP% =A% EI=AS=AJ% EI;E% .R% D;NR% SA@`%GCG?NEI=AJ% EIG?G% =D% E@%SA@`%;Q@ME%N@MR%@?%E?N%E@%<@M>P%N@M%E@%\=E%<N%E;DEG_%.\%.%P@%EI;ER%EIGA%.%<NDG>\%;<%;E%EIG%LGAEG?%@\%<N%>@CGR%;AP%`I;E%=D%DHGL=\=L%;Q@ME%>@CGR%;D%.%I;CG%;>?G;PN%DE;EGPR%=D%EI;E%D@<GQ@PN%G>DG%L@<GD%E@%I;CG%EI=D%H>;LG%=A%<N%EI=AS=AJ%;Q@ME% EIG%`@?>P_%$IGDG%BMGDE=@AD%;Q@ME%`I;E%`G%;?G%Q@MAP%E@% =A% >@CGR%@?%`I;E% >=GD%;E% =ED%LGAEG?R% ^MDE% >=SG% EIG% =A^MALE=@A% E@%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%6c6%Y=><;A%P=DLMDDGD%EIG%\=A;>%@AG%@A%DGCG?;>%@LL;D=@AD_%a/GG%G_J_%Y=><;A%7113R%17416_b%%6cc%:@<H;?G% EI=D% E@%Y=><;AiD% ?G<;?SD%;Q@ME%O>;E@iD%MDG%@\%XD@M>X%;AP%XQ@PNX% =A% EIG%V%,&.#!`I=LI%.%P=DLMDD%=A%LI;HEG?%8%;AP%7F_%%

! > .#, !,#$- & * A 7 6 ! 6 + A & ! + ' F ! $#, ! : # 7 K * & ! + $ ! % . & ! ,#* 6 - ? !

!

< D ; !

PGE;LI%@M?DG>CGD%\?@<%EIG%`@?>PR%I;CG%E@%QG%DGGA%;D%<@?;>%BMGDE=@ADR%;AP%A@E%D=<H>N%;D%BMGDE=@AD%E@%QG%PG;>E%`=EI%=A%GH=DEG<=L%EG?<D_%

,GCG?EIG>GDDR% EI=D% =D% A@E% NGE% D;N=AJ% ;ANEI=AJ% ;Q@ME% `I;E% H>;LG%;EE;LI<GAE%@A% EIG%`I@>G% DI@M>P%I@>P% =A% >@CGR%;AP% EI=D% =D% EIG%L?=E=L;>%H@=AE% =A%!G=>iD% P=DLMDD=@A_% $IG% L@AE?;DED% .% I;CG% P?;`A% ;?G% QGE`GGA%P=\\G?GAE% \@?<D%@\%;EE;LI<GAER%`IG?G% EIG%L?ML=;>%BMGDE=@A% =D%7%,$%`G%;?G% ;EE;LIGP% E@_% .E% =D% =A% A@% `;N% ;A% GAL@M?;JG<GAE% ;>`;ND% E@% DE;N%PGE;LIGP_%.\%`G%>@@S%;E%!G=>R%I@`GCG?R%=E%D@<GE=<GDp;APR%@\%L@M?DGR%=E%=D% =<H@?E;AE%EI;E% =E% =D%A@E%;>`;NDpDGG<D%;D% =\%DIG%D>=HD% =AE@%EI=AS=AJ%EI;E% ;EE;LI<GAE% @A% EIG% `I@>G% =D% D@<GEI=AJ% E@% P@% ;`;N% `=EI_% /IG%DHG;SD%;Q@ME%@M?%HG?D@A;>%;EE;LI<GAED%;D%=\%EIGN%?GAPG?GP%@M?%>@CG%@\%h@P%>GDD%HM?G_6cm%)ME%=\%`G%;J;=A%>@@S%;E%EIG%BM@EG%QN%lIGGDR%=A%`I;E%`;N% P@GD% EIG% VEI@MJIE% @\% DGG=AJ% vEIG% @AG% `G% >@CGw% ;J;=A% v@?% EIGw%EI@MJIED%@\%`I;E%EIG%\MEM?G%<;N%Q?=AJR%;AP%@\%EIG%^@N%@\%I=D%L@<H;ANX%alIGGD%6FFFR%7F8b%L@ADE=EMEG%;%L@AE?;DE%E@%>@CGZ%%

.\% EIGDG% EI@MJIED% E;SG% EIG% \@?<%@\%;A%@QDGDD=@AR%LG?E;=A>N%`G%<;N%QG%`G>>%;PC=DGP%E@%QG%?=P%@\%EIG<_%)ME%`I;E%;Q@ME%EIG%L;DGD%=A%`I=LI%EIGN%QG>@AJ%E@%EIG%`;ND%=A%`I=LI%`G%?G^@=LG%=A%D@<G@AGR%;AP%GAEG?E;=A%I@HGD%\@?%EIG%\MEM?G%=A%>@CGZ%/I@M>P%`G%A@E%?;EIG?%D;N%EI;E%EIGDG%`;ND%@\% ?G^@=L=AJ% =A% D@<G@AG% >=G% ;E% EIG% L@?G% @\% >@CGZ% .E% >@@SD% ;D% =\%`G% ;?G%L?G;E=AJ%;%P=DE=ALE=@A%?;EIG?% EI;A%<;?S=AJ%@AGR% =\%`G%P=DE=AJM=DI% EI=D%^@N%=A%D@<G@AG%\?@<%;%^@N%=A%>=\GR%D=ALG%@AG%`;N%@\%?G^@=L=AJ%=A%N@M%=D%Gg;LE>N%?G^@=L=AJ%=A%aEIG%H@DD=Q=>=EN%@\b%;%>=\G%`=EI%N@M_%%

!I;E%>G;PD%!G=>%=AE@%;%H@D=E=@A%\?@<%`I=LI%;>>%;EE;LI<GAE%<;N%QG%DGGA%;D%L@AE;<=A;E=AJ%>@CG%=D%IG?%EGAPGALN%E@%L@AAGLE%;>>%@M?%PGD=?GD%`=EI% =AEG?GDED% ;AP% =AL>=A;E=@AD_% ,NSUAGAiD% ?G<;?S% EI;E% EIG?G% =D%VA@EI=AJ! 4-! H,($4@08,(!`G% `;AER% ?;EIG?% `G% `;AE% ^MDE% ;ANEI=AJ% ;AP%GCG?NEI=AJX% a,NSUAGA% 6FF6R% 77FbR% I@`GCG?R% ?G<=APD% MD% EI;E% EIG%>@AJ=AJ% \@?% G;LI% @EIG?% EI;E% LI;?;LEG?=eGD% >@CG% L@ADE=EMEGD% ;% P=\\G?GAE%C4-.% @\%PGD=?G% EI;A% EI;E%`I=LI% =D%GgH?GDDGP% =A% E;>S=AJ%;Q@ME% =AEG?GDED%;AP% =AL>=A;E=@AD_%,@`R%;D% .%I;CG%;>?G;PN%;?JMGPR% .%DGG% EI=D%G<HI;D=D%@A% A@E% `;AE=AJ% ;ANEI=AJ% 4-! H,($4@08,(6! @?% ;ANEI=AJ% DHGL=\=LR% ;D% ;A%=<H@?E;AE%<@?;>%<@CG%=A%P=DLMDD=AJ%>@CG_%$IG?G%=D%;%DG?=@MD%H?@Q>G<%=AC@>CGP% =A% E?N=AJ%E@%J=CG%;%JGAG?;>%PGDL?=HE=@A%@\%`I;E% =E% =D% EI;E%`G%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%6cm%$I=D%=D%@AG%?G;D@A%\@?%lIGGD%E@%D;N%EI;E%DIG%P@GD%A@E%<;SG%?@@<%\@?%HG?D@A;>%>@CG_%V*ALG%;J;=AR%EIG%;EEG<HE%E@%=PGAE=\N%EIG%>@CG%@\%<GA%;AP%EIG%>@CG%@\%h@P_%x#>>%N@M%L;A%?G;>>N% a@?%MAL@AP=E=@A;>>Nb% >@CG% =A%<GA% =D% EIG=?% >@CG% @\%h@P_i% $IGA%N@M%I;?P>N% >@CG%EIG<%;D%<GA_X%alIGGD%6FFFR%76Fb%$IG%L?=E=L=D<%lIGGD%>GCG>D%;J;=ADE%!G=>%=D%D=<=>;?%E@%EIG%@AG%P=?GLEGP%;E%O>;E@iD%;LL@MAE%@\%>@CG%=A%EIG!P)'H#540'%;D%E?;ADLGAP=AJ%HG?D@A;>%?G>;E=@ADR%;AP%=APGGPR%!G=>%`;D%=ADH=?GP%QN%I=<_%%

2 & ( $ + $ 3 !

! !

< D D !

`;AE% =A% >@CG_% ,GCG?EIG>GDDR% .% \=AP% EIG% DGL@AP% H;?E% @\% EIG% BM@EG% ;D%=<H@?E;AER%EIG%GCG?NEI=AJ%;AP%;ANEI=AJ%EI;E%.%L@<G%E@%L;?G%\@?%=A%>@CG_%*M?%HG?D@A;>%>@CGR%;D%=E%`G?GR%;>`;ND%>;ELIGD%@A%E@%@M?%H;?E=LM>;?%>=CGDn%=E%J;=AD%;%DHGL=\=L%<G;A=AJ%EI?@MJI%@M?%>=\G%E@JGEIG?_6c5%.A%@EIG?%`@?PDR%.%DGG%A@%L@A\>=LE%QGE`GGA%>@C=AJ%)#0%;AP%;EEGAP=AJ%E@%N@M?%H;?E=LM>;?%`;ND% @\% QG=AJ_% /@<GEI=AJ% D=<=>;?% L;A% QG% D;=P% =A% ?G>;E=@A% E@% <N%;EE=EMPG%E@%>=\G_%$IG?G%=D%A@%`;N%@\%DGH;?;E=AJ%N@M%\?@<%>=\GR%\@?%N@M%;?G%;>`;ND%;%H;?E%@\%`I;E%.%L@<G%E@%MAPG?DE;AP%;D%a<Nb%>=\G_%

$IG% L?=E=L=D<% EI;E% !G=>% P=?GLED% ;E% >@CG% L@<GD% \?@<% `=EI=A_% .E% =D%P=?GLEGP%;E%LG?E;=A%;DHGLED%@\%@M?%HG?D@A;>%>@CG%EI;ER%L@AD=PG?GP%\?@<%;%LG?E;=A%HG?DHGLE=CG%@\% >@CGR%<;SGD% =E% >GDD%HM?G_%/IG% E?=GD%E@%DI@`%@AG%`;N%=A%`I=LI%=A%HG?D@A;>%>@CG%`G%<;N%EM?A%;`;N%\?@<%EIG%E?MG%LGAEG?%@\%@M?%`@?>PR%EI;E%=DR%EM?A%\?@<%EIG%>@CG%@\%h@P%E@`;?PD%EIG%`@?>P_%.A%;% D=<=>;?%<;AAG?R%!=EEJGADEG=A% L?=E=L=eGD% EIG%HM?=EN% @\%I=D% @`A% >@CGR%`IGA% =A% EIG% ?G<;?SD% EI;E% \@>>@`% EIG% BM@EG% ;Q@CGR% IG%`?=EGD0% V&D% =DE%A=LIE% '=GQGR% `;D% <=LI% eM% P=GDG?% /E�EeG% e=GIER% D@APG?AR% P;á% =LI% ;M\%<G=AGA%e`G=%)G=AGA%;>>G=A%A=LIE% D=LIG?% DEGIGA%S;AAX% a6FFFR% .EG<%7cc%O;JG%mcC%7ccb_%.A%@EIG?%`@?PDR%IG%=PGAE=\=GD%`I;E%HM>>D%I=<%E@%;A@EIG?%A@E% ;D% >@CG% QME% ;D% ;% \@?<% @\% `G;SAGDD_% $I=D% ;J;=A% GgH?GDDGD% EIG%?GL@JA=E=@A%EI;E%;>EI@MJI%`G%<;N%EI=AS%@\%D@<GEI=AJ%;D%>@CGR%=E%<;N%A@E%?G;>>N%QG_%$IG%BMGDE=@A%@\%L@ADL=GALG%`=EI%`I=LI%IG%DE?MJJ>GDR%V.D%EIG?G%;ANEI=AJ%G>DG%QME%`G;SAGDD%E@%<N%>@CGZXR%;>D@%EGDE=\=GD%E@%;%S=AP%@\%PGDH;=?%;Q@ME%EIG%<G;A=AJ%`G%;?G%E@%\=AP%=A%@M?%?G>;E=@ADI=HD%`=EI%@EIG?D%EI;E%=D%LI;?;LEG?=DE=L%@\%EIG%L@ALGHE%@\%>@CG_%$IG?G%=D%;%BMGDE=@A%;Q@ME%`IGEIG?%@M?%>@CG%=D%HM?GR%D=ALG?GR%PGGHR%`I=LI%L;AA@E%QG%J=CGA%;A%M>E=<;EG%;AD`G?%=APGHGAPGAE>N%@\%`I;E%`G%;?G%H?GH;?GP%E@%D;N%=A%EIG%<;EEG?_%%

$I=D%P@GD%A@E%<G;A%EI;E%`G%L;AA@E%J=CG%=E%;AN%S=AP%@\%;AD`G?R%\?@<%E=<G%E@%E=<GR%QME%EI;E%EIG%;AD`G?D%EI;E%`G%J=CG%P@%A@E%GgL>MPG%EI;E%EIG%BMGDE=@A% L;A% ;AP%`=>>% ?=DG% ;J;=A_% $I=D% =APGEG?<=A;LN% ;>D@% I@>PD% \@?%`I;E%`G%<;N%L@AD=PG?%E@%QG%;%J@@P%PGDL?=HE=@A%@\%EIG%?@>G%EI=D%S=AP%@\%PGDH;=?%<;N%I;CG% =A% D@<G@AGiD% >=\G_% .E% =D% H@DD=Q>G% E@% DGG%Q@EI%!G=>iD%;AP% !=EEJGADEG=AiD% PGDL?=HE=@AD% ;D% GgH?GDD=CG% @\% ;% HM?G% ;AP%MAL@AP=E=@A;>% >@CG_% .E% =DR% I@`GCG?R% ;>D@% H@DD=Q>G% E@% EI=AS% EI;E% EIG%EGAPGALN%E@%?GJ;?P%;>>%\@?<D%@\%GgH@DM?G%E@%;AP%PGHGAPGALG%@A%@EIG?D%;D% ;A% =<HM?G% ;EE;LI<GAE% GgH?GDDGD% ;% S=AP% @\% DG>\4L@AEG<HE% ;AP%?MEI>GDDAGDD% Q@EI% E@% @AGDG>\% ;AP% E@% @EIG?% HG@H>G_%!G% <;N% C;L=>>;EG%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%6c5%:\_%LI;HEG?%8_%

! > .#, !,#$- & * A 7 6 ! 6 + A & ! + ' F ! $#, ! : # 7 K * & ! + $ ! % . & ! ,#* 6 - ? !

!

< D < !

QGE`GGA%EIGDG%E`@%PGDL?=HE=@ADR% \=AP=AJ%EI;E%Q@EI%L;HEM?G%D@<GEI=AJ%=<H@?E;AE%=A%EIG%;EE=EMPGD%@\%EIG%E`@%HI=>@D@HIG?D_%%

!G=>% ;AP% !=EEJGADEG=A% @\\G?% MD% @AG% =PG;% @\% I@`% D@<G% @\% @M?%;EE;LI<GAE%E@%HG@H>G%=A%>@CG%a@?%;>>%@\%=E%@A%@AG%?G;P=AJ%@\%!G=>b%<;N%QG%DGGA%;D%=>>MD@?N_%$IG?G%=D%I@`GCG?%;>D@%;%P=\\G?GAE%S=AP%@\%L?=E=L=D<%@\% >@CG%`I=LI% .%`;AE% E@% \@LMD% @A% \@?% EIG% ?G<;=APG?% @\% EI=D% LI;HEG?_%$I;E%=D%EIG%=PG;%EI;E%>@CG%=A%=ED%GAE=?GEN%=D%=>>MD@?N%;PP?GDDGP%;>?G;PN%=A%EIG% H?GC=@MD% LI;HEG?_% *A% EI=D% C=G`R% ?;EIG?% EI;A% DI@`=AJ% MD% >=\GiD%<G;A=AJa\M>AGDDbR% >@CG% =D% ;LLMDGP% @\% @A>N% L?G;E=AJ% ;A% =>>MD=@A% @\%<G;A=AJ%EI;E%`G%`@M>P%QG%QGDE%;PC=DGP%E@%DGG%EI?@MJI_%

,@`R% =E% =D% =<H@?E;AE% E@% A@EG% EI;E% EIGDG% PGL>;?;E=@AD% @\% >@CGiD%<G;A=AJ>GDDAGDD% ;?G% DG>P@<% <;PG% `=EI@ME% L@AAGLE=@A% E@% EIG%DHG;SG?iD% @`A% GgHG?=GALGDR% P=D;HH@=AE<GAEDR% DI@?EL@<=AJD% ;AP%\;=>M?GD%=A%>@CG_%.E%D;P>N%DGG<D%EI;E%EIG%\;LE%EI;E%`G%<;N%DM?C=CG%>@CG%;AP%L@<G%E@%DGG%EI;E%`I;E%`G%@ALG%IG>P%E@%QG%MEEG?>N%<G;A=AJ\M>%A@%>@AJG?% I@>PD% EIG% D;<G% <G;A=AJ% <;N% G;D=>N% <;SG% MD% LNA=L;>% @?%DLGHE=L;>%;Q@ME% EIG%Gg=DEGALG%@\% >@CG_6c8%!G%<;N%`@APG?%`IGEIG?%`G%@A>N%\@@>GP%@M?DG>CGD%;Q@ME%EIG%<G;A=AJ%>@CG%I;PR%=\%=E%EM?AD%@ME%EI;E%@AG% P;N% =E% P@GD% A@E% I;CG% EIG%<G;A=AJ% =E% @ALG% P=P_% .% H@=AE% @ME% EI=D%L@AAGLE=@A%`=EI%@M?%HG?D@A;>%>=\G%E@%?G<=AP%MD%EI;E%`I;E%`G%L@<G%E@%D;N% =A% EI=D% <;EEG?% =D% GgH?GDD=CG% @\% ;A% Gg=DEGAE=;>% DE;ALG_% /MLI%GgHG?=GALGDR% I@`GCG?R% <;N% ;>D@% EG<HE% @AG% E@% Q?=AJ% EIGDG% S=APD% @\%Gg=DEGAE=;>%L@<<=E<GAED%=AE@%@AGiD%HI=>@D@HI=e=AJ_%%

.% L;AA@E% D;N% I@`% `=PGDH?G;P% EI=D% L@ALGHE=@A% @\% >@CG% =D% ;<@AJ%HI=>@D@HIG?D_%,GCG?EIG>GDDR% =E%;HHG;?D% E@%QG%;% EG<HE;E=@A% \@?%;AN@AG%`I@%I@>PD% @A% E@% ;% DE?=LE% P=C=D=@A% QGE`GGA% \;LED% ;AP% C;>MGD_%K;S=AJ%DMLI% ;% JGAG?;>% P=DE=ALE=@A% =AL>=AGD% @AG% E@% ;DSR% V.\% >@CG% L@>@M?D% EIG%`@?>P% a=_G_% GgH?GDDGD% P=\\G?GAE% C;>MG% ^MPJG<GAEDbR% P@GD% =E% EIGA% E?M>N%DI@`%=E%;D%=E%=D%a=_G_%EG>>%MD%;ANEI=AJ%;Q@ME%EIG%\;LEDbZX%,@`R%=E%<;N%QG%D;=P%EI;E%EIG%\;LE4C;>MG%P=DE=ALE=@A%@\\G?D%MD%E`@%P=\\G?GAE%?G;P=AJD%@\%`I;E% =D% =AC@>CGP% =A% >;AJM;JG% I;C=AJ% <G;A=AJ_% a7b% #A% V@Q^GLE=C=DEX%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%6c8%.E%=D%=<H@?E;AE%E@%A@EG%EI;E%EI=D%=D%@A>N%@AG%H@DD=Q>G%;EE=EMPG%`G%<;N%E;SG%E@`;?PD%@M?% HG?D@A;>% \;=>M?GD% =A% >@CG_%!G%<;N% ;>D@% =<;J=AG% EI;E% D@<G@AGR% ;>EI@MJI% QG=AJ%?G^GLEGP% QN% EIG% @AG% DIG% @?% IG% >@CGDR% DM\\G?=AJ% \?@<% ;A% MA?GBM=EGP% >@CGR% DE=>>% J@GD%EI?@MJI%EIG%GgHG?=GALG%`=EI%;%?G;\\=?<GP%QG>=G\%=A%aEIG%H@DD=Q=>=E=GD%@\b%>@CG_%$IG?G\@?GR%=E%=D%A@E%EI;E%LG?E;=A%GgHG?=GALGD%;>`;ND%=<H>N%;%LG?E;=A%;EE=EMPG_%l;EIG?R%EIG%;EE=EMPG%`=EI%`I=LI%`G%`GAE%=AE@%;AP%@ME%@\%EIG%GgHG?=GALG%=D%=AEG?A;>>N%?G>;EGP%E@%EIG%S=AP%@\%GgHG?=GALG%=E%L;A%QG%D;=P%E@%QG_%$I=D% =D%A@E%E@%D;N%EI;E%@M?%;EE=EMPG%E@`;?PD%>@CG%;AP%>=\G% <;N% A@E% ;>D@% LI;AJG% EI?@MJI% EIG% GgHG?=GALGR% QME% EI;E% =E% =D% A@E% L>G;?% =A% `I;E%P=?GLE=@A%DMLI%;%LI;AJG%I;D%E@%?MA_%.%<;N%GAEG?%=AE@%;%?G>;E=@ADI=H%`=EI%;A%;EE=EMPG%@\%P=DQG>=G\%;AP%L@<G%@ME%VQG>=GC=AJX%GCGA%EI@MJI%.%DM\\G?GP%?G^GLE=@A_%%

2 & ( $ + $ 3 !

! !

< D B !

?G;P=AJ%`I=LI% J=CGD%`G=JIE% @A>N% E@% \;LEM;>% DE;EG<GAED%<;N% DMJJGDE%EI;E%>;AJM;JG%@A>N%I;D%DGADG%E@%EIG%GgEGAE%EI;E%=E%E?M>N%?GH?GDGAED%EIG%`@?>P% =APGHGAPGAE>N% @\% MD_% $IG% \;LEDR% ;D% =E% `G?GR% PGEG?<=AG% EIG%<G;A=AJ%@\% >;AJM;JG_6c2%-;>MG% ^MPJG<GAED%;?G%A@E%<G;A=AJ\M>% =A% EIG%D;<G%DGADGR%QME%@A>N%=A%D@%\;?%;D%EIGN%;?G%GgH?GDD=CG%@\%LG?E;=A%\GG>=AJD%;AP% GgHG?=GALGD% EI;E% `G% ;DD@L=;EG% `=EI% EIG% V\;LEDX_% a6b% *A% ;%VDMQ^GLE=C=DEX%?G;P=AJ%EIG%DL;>G%<;N%E=H%=A%\;C@M?%@\%C;>MG%^MPJG<GAEDR%DMJJGDE=AJ% EI;E% ;>>% S=APD% @\% ^MPJG<GAED% ;?G% M>E=<;EG>N% GgH?GDD=CG% @\%C;>MGD_% $I=D%<;N% QG% E;SGA% E@%<G;A% EI;E% =A% EIG% GAP%`G% ;?G% EIG% @AGD%`I@%PGEG?<=AG%`I;E%<G;A=AJ%EIG?G%=D%=A%EIG%`@?>P_%%

#J;=ADE% EI=D% JGAG?;>% Q;LSJ?@MAPR% @AG% <;N% L@AL>MPGR% @A% ;A%@Q^GLE=C=DE% A@EGR% G=EIG?% EI;E% EIG% >;AJM;JG% @\% >@CG% =AC@>CGD% ;A%=PG;>=e;E=@A%@\%>=\G%aL\_%/=AJG?%713m;b%@?%EI;E%EIG%>@CG?D%>=CG%=A%;%\;AE;DN%`@?>P% EI;E% P@GD% A@E% ;EEGAP% E@% I@`% EIG%`@?>P% ?G;>>N% =D% aL\_% /@>@<@A%711FR%733b_%$IGDG%BMGDE=@AD%<;N%;>D@%GgEGAP%E@%EIG%HI=>@D@HIN%@\%>@CGR%;DS=AJ%`IGEIG?%;%HI=>@D@HIN%@\% >@CG% EI;E% E?=GD% E@% E;SG% EIG%A@?<;E=CG%>;AJM;JG%@\%>@CG%DG?=@MD>N%P@GD%A@E%;>D@%=PG;>=eG%>@CG_6c3%$I=D%DGG<D%E@%QG%EIG%DMJJGDE=@A%QGI=AP%/@>@<@AiD%a6FF5b%`;?A=AJ%A@E%E@%V<@?;>=eG%>@CGX%a781b_%/@<G@AG%<@?G%H?@AG%E@%EI=AS%@\%<G;A=AJ%=A%VDMQ^GLE=C=DEX%EG?<D% =D% H?@Q;Q>N% >GDD% =AL>=AGP% E@% EI=AS% EI;E% >@CG% QN% AGLGDD=EN% =D% ;A%=>>MD=@A_% $I;E% C=G`R% I@`GCG?R% \;LGD% P=\\G?GAE% H?@Q>G<D% @\% =ED% @`A_% .E%?GE;=AD%;%D=<=>;?>N%H?@Q>G<;E=L%H=LEM?G%@\%<G;A=AJ%;D%EIG%@AG%@\%EI@DG%`I@%EI=AS%EI;E%EIG%GgHG?=GALGD%@\%>@CG%P@%A@E%L;??N%;AN%E?MG%<G;A=AJ_%.E%=D%@A>N%EI;E%`IG?G;D%EIG%>;EEG?%I@>P%@A%E@%EIG%V\;LED%@\%EIG%`@?>PX%;D%VE?MG% QG;?G?D% @\% <G;A=AJX% EIG% \=?DE% >G;CG% EIG<% @ME% ;>E@JGEIG?R%;DD=JA=AJ% C;>MG% @A>N% E@% @M?% GgHG?=GALG_% .A% EI=D% ?GDHGLER% EI=D% C=G`%<;SGD% =E% P=\\=LM>E% E@% DGG% `I;E% =E% L@M>P%<G;A% E@% DHG;S% ;Q@ME% LG?E;=A%;DHGLED%@\%>@CG%;D%=>>MD@?N%=A%;AN%L;DG_%!IG?G;D%EIG%V@Q^GLE=C=DEX%C=G`%EI;E% >@CG% ;>E@JGEIG?% =D% ;A% =>>MD=@A% <;SGD% EI=D% ^MPJG<GAE% @A% `I;E% .%I;CG%;?JMGP%;?G%=>>MD@?N%J?@MAPD%=A%EIG%\=?DE%H>;LGR%=E%;HHG;?D%EI;E%EIG%VDMQ^GLE=C=DEX% C=G`% P@GD% ;`;N% `=EI% ;>>% J?@MAPD% \@?% DHG;S=AJ% ;Q@ME%=>>MD=@AD%=A%L@AAGLE=@A%`=EI%>@CGR%D=ALG%GCG?NEI=AJ%EM?AD%=AE@%;%<;EEG?%@\%@M?%GgHG?=GALG_%%

.E% P@GD% A@ER% \@?% @AG% EI=AJR% >G;CG% ;AN% ?@@<% \@?% P=DE=AJM=DI=AJ%QGE`GGA%GgHG?=GAL=AJ%D@<GEI=AJ%;D%<G;A=AJ\M>%;AP%D@<GEI=AJ% E?M>N%I;C=AJ%<G;A=AJ_%:GSI@CR%=A%EIG%DI@?E%DE@?N%V$IG%YMG>XR%\@?%=ADE;ALGR%H@?E?;ND% ;% LI;?;LEG?% `I@% L@M>P% @A>N% DE;AP% HG@H>G%`IGA% IG%`;D% =A%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%6c2%O;M>%h?=\\=EIDiD%DL=GAE=D<%a7112b%GgH?GDDGD%EI=D%S=AP%@\%MAPG?DE;AP=AJ%@\%<G;A=AJ_%%6c3%/GG%LI;HEG?%7FR%H_%c23% \@?%;%?GDH@ADG% E@% EI=D%BMGDE=@A%`=EI%L@ALG?A% E@% EIG%H?GDGAE%`@?S_%

! > .#, !,#$- & * A 7 6 ! 6 + A & ! + ' F ! $#, ! : # 7 K * & ! + $ ! % . & ! ,#* 6 - ? !

!

< D I !

>@CG%a:GSI@C%6FFcb_%"G%AGGPGP%EIG%\GG>=AJ%@\%QG=AJ%=A%>@CG%=A%@?PG?%E@%QG% ;Q>G% E@% QG;?% I;C=AJ% ?G>;E=@ADI=HD%`=EI% @EIG?% HG@H>G% ;AP% \=AP% ^@N%;AP%<G;A=AJ%=A%EIG<_%$I=D%`;N%@\%VQG=AJ%=A%>@CG%`=EI%>@CGX%;AP%A@E%`=EI%EIG%@EIG?%HG?D@A%=D%;%?GLM??GAE%EG<HE;E=@A%=A%@M?%?G>;E=@ADI=HD_6c1%!G%<=JIE%QG%P?;`A%E@%EIG%=AE@g=L;E=AJ%GgHG?=GALG%@\%\;>>=AJ%=A%>@CGp=A% `I=LI% EIG% `I@>G% `@?>P% <;N% QG% D;=P% E@% E;SG% @A% ;% ?@DN% L@>@M?pQGL;MDG%=E%;HHG;?D%E@%J=CG%MD%;A%@HH@?EMA=EN%E@%GDL;HG%EIG%PM>>AGDD%@\%EIG%`@?>P_%"@`GCG?R%EIG%&LH&(4&-@&!#*!'&,-4-+%EI;E%EI=D%<;N%Q?=AJ%MDR%=D%A@E%;%J@@P%=AP=L;E=@A%@\%`IGEIG?%`G%E?M>N%\=AP%@M?%>=CGD%<G;A=AJ\M>_6mF%l;EIG?%=E%<;N%QG%D;=P%EI;E%EIG%GgHG?=GALG%@\%\;>>=AJ%=A%>@CGR%=A%EIG%L;DG%@\%:GSI@CiD%LI;?;LEG?R%L?G;EGP%EIG%488054#-!#*!'&,-4-+%;AP%QG;MEN%=A%;A%@EIG?`=DG%<@A@E@A@MD% >=\GR% ^MDE% ;D% -=C;>P=%<;PG%";AD%(G>>G?% \@?JGE%>=\GiD%<G;A=AJ>GDDAGDD_%"=D%\;=>M?G%E@%L;?G%\@?%HG@H>G%;AP%\=AP%<G;A=AJ%=A% >=\G% ;\EG?% EIG% \=?DE% ?;HEM?GD% @\% \;>>=AJ% =A% >@CG% I;P% \;PGP% <;NR%\M?EIG?<@?GR% QG% D;=P% E@% ?GCG;>% I=D% =AL;H;L=EN% E@% >@CGR% @EIG?% IM<;A%QG=AJD% ;D%`G>>% ;D% >=\G_%:@ACG?DG>NR% I=D% \;=>M?G% E@% \=AP% >=\G%<G;A=AJ\M>%?GCG;>D%;%>;LS%@\%>@CG%\@?%>=\G_%%

T?@<% EIG% HG?DHGLE=CG% @\% EIG% H@DD=Q>G% PGLGHE=@AD% EIG?G%<;N% QG% =A%>@CGR%=E%;>D@%DE?=SGD%<G%EI;E%EIG%=AL>=A;E=@A%E@%EI=AS%EI;E%>@CG%P@GD%A@E%;EEGAP%E@%EIG%E?MG%\;LED%@\%EIG%`@?>P%=D%;>D@%GgH?GDD=CG%@\%;%EG<HE;E=@A%=A% >@CGR% =\% A@E% E@% D;N% @ME`;?P% PGA=;>% @\% >=\G_% T@?% ;D% (=G?SGJ;;?P% D@%DE?=S=AJ>N%`?=EGD%=A%M#(C5!#*!Q#3&e%

.\% =E% `G?G% E?MGp;D% L@ALG=EGP% DI?G`PAGDDR% H?@MP% @\% A@E% QG=AJ%PGLG=CGP% EI=ASDpEI;E% @AG% DI@M>P% QG>=GCG% A@EI=AJ% `I=LI% IG%L;AA@E%DGG%QN%<G;AD%@\%I=D%HIND=L;>%GNGDR%EIGA%\=?DE%;AP%\@?G<@DE%@AG%@MJIE%E@%J=CG%MH%QG>=GC=AJ%=A%>@CG_%.\%@AG%P=P%EI=D%;AP%P=P%=E%@ME%@\% \G;?%@\%QG=AJ%PGLG=CGP%`@M>P%A@E%@AG% EIGA%QG%PGLG=CGPZ%.APGGP%@AG%L;A%QG%PGLG=CGP%=A%<;AN%`;NDn%@AG%L;A%QG%PGLG=CGP%=A%QG>=GC=AJ%`I;E% =D%MAE?MGR% QME% @A% EIG%@EIG?%I;APR% @AG% =D% ;>D@%PGLG=CGP%=A%A@E%QG>=GC=AJ%`I;E%=D%E?MG_%a(=G?SGJ;;?P%718mR%6cb%

l;EIG?%EI;A%QG=AJ%GgH?GDD=CG%@\%;%L>G;?4D=JIEGP%?G;>=D<R%EIG%DMJJGDE=@A%EI;E% >@CG% =D% ;A% =>>MD=@AR% @?% P@GD% A@E% ?G;>>N% Gg=DER% ?GCG;>D% ;% LNA=L;>%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%6c1% .A% EI=D% ?GDHGLER%@AG%DI@M>P%;>D@%?G<G<QG?% EI;E% EIG%HI=>@D@HI=L;>% =ACGDE=J;E=@A%@A%>@CG%EI;E%.%DGGS%E@%L@APMLE%=A%EI=D%`@?S%;EEG<HED%E@%PGDL?=QG%EIG%J?;<<;?%@\%>@CG%;AP%A@E%;LEM;>%?G>;E=@ADI=HD_%%6mF% $I=D% =D% A@E% E@% PGAN% EI;E% `G% <;N% L@<G% E@% P@MQE% EIG% D=ALG?=EN% @\% D@<G@AGiD%GgH?GDD=@AD% @\% <G;A=AJ% =\% EIGN% P@% A@E% ;>D@% GgHG?=GALG% EIG=?% >=\G% ;D% <G;A=AJ\M>_%:@<H;?G% EI=D% E@% <N% ?G<;?SD% @A% EIG% AGGP% \@?% DH@AE;AG=EN% \@?% MAPG?DE;AP=AJ%D@<GEI=AJ%;D%;%JGAM=AG%GgH?GDD=@A%@\%>@CG%=A%LI;HEG?%c_%

2 & ( $ + $ 3 !

! !

< D C !

EGAPGALN_% $I=AS=AJ% EI;E% >@CG% =D% ;>E@JGEIG?% ;A% =PG;>=e;E=@AR%`G% L@M>P%D;NR%=D%GgH?GDD=CG%@\%EIG%LNA=LiD%\;=>M?G%E@%QG>=GCG%=A%>@CG_6m7%

.A%<N%P=DLMDD=@A%@\% EIG%H>;LG% =PG;>=e;E=@AD%L;A%QG% D;=P% E@%I;CG% =A%L@AAGLE=@A% `=EI% I@`% .% DGG% N@M% =A% >@CGR6m6% .% E?=GP% E@% DI@`% D@<G%H?@Q>G<D%=AC@>CGP%=A%EI=AS=AJ%EI;E%EIG?G%=D%;%AGME?;>%C=G`H@=AE%\?@<%`I=LI%`G%L@M>P%DGEE>G%BMGDE=@AD%;D%E@%`IGEIG?%EIG%`@?>P%I;D%@?%P@GD%A@E%I;CG%;AN%H;?E=LM>;?%<G;A=AJ%=A%=EDG>\R%@?%`IGEIG?%`G%;?G%EIG%@AGD%`I@%;PP%<G;A=AJ% E@% =E_% .E% =D% E?MG% EI;E% =E% =D%@A>N% =A%?G>;E=@A% E@%HG@H>G%EI;E%`G%<;N% DHG;S%;Q@ME% D@<GEI=AJ%I;C=AJ%@?%A@E%I;C=AJ%<G;A=AJ_%T?@<% EI;ER% I@`GCG?R% =E% P@GD% A@E% \@>>@`% EI;E% EI=AJD% P@% A@E% I;CG% ;AN%<G;A=AJ%=A%EIG<DG>CGDn%D;N=AJ%EI;E%EIGN%>;LS%<G;A=AJ%=A%EIG<DG>CGDR%;D%=E%`G?GR%;>?G;PN%=AE?@PMLGD%;%HG?DHGLE=CG%@\%<G;A=AJ_%.\%`G%P@%A@E%Q?=AJ%=AE@%;LL@MAE%`I;E%D@<GEI=AJ%<G;AD%\@?%HG@H>GR%EIG?G%=D%A@%H>;LG%\@?% DHG;S=AJ% ;Q@ME% <G;A=AJ% =A% EIG% \=?DE% H>;LG_% .A% EIG% ?GDE% @\% EI=D%P=DLMDD=@AR% .%`=>>% E?N% E@% =AP=L;EG%`IN% =E% =D% H?@Q>G<;E=L% E@% EI=AS% EI;E%<G;A=AJ%=D%G=EIG?%PGEG?<=AGP%QN%VEIG%`@?>PX%@?%QN%VMDX%QN%<G;AD%@\%;A%Gg;<H>G_%$IG%Gg;<H>G%;>D@%J=CGD%MD%;%J@@P%H@?E?;N;>%@\%`I;E%<;N%QG%DGGA%;D%;%<@?;>%EG<HE;E=@A%=A%EI=AS=AJ%EI;E%EIG%V<G;A=AJ%@\%>=\GX%=D%G=EIG?%=APGHGAPGAE%@\%MD%@?%`I@>>N%PGHGAPGAE%@A%MD_%.E%;>D@%DG?CGD%;D%;A% G>ML=P;E=@A% @\% `IN% EIG% ;EEG<HE% E@% PGEG?<=AG% `I;E% V<G;A=AJX%L@AD=DED%=AR%=A%=EDG>\%L;A%QG%DGGA%;D%<@?;>>N%L@??MHE_%%

*AG%@\%EIG%LI;?;LEG?D%=A%EIG%\=><%U.,H$,$4#-%a6FF6b%H?GDGAED%MD%`=EI%;%\;=>M?G%E@%\=AP%<G;A=AJ%=A%>=\G%EI;E%=D%D=<=>;?%E@%EIG%@AG%=A%:GSI@CiD%DI@?E%DE@?N_%.A%=ER%EIG%^@M?A;>=DE%/MD;A%*?>G;A%=D%H@?E?;NGP%;D%;%`@<;A%`I@DG% @A>N% H;DD=@A% =A% >=\G% =D% \=AP=AJ% @ME% ;Q@ME% HG@H>G% `I@% ;?G%H;DD=@A;EG%;Q@ME%D@<GEI=AJ_%$IG%\=><%?GC@>CGD%;?@MAP%EIG%;P;HE;E=@A%@\%IG?%Q@@S%V$IG%*?LI=P%$I=G\XR6mc%=A%`I=LI%DIG%\@>>@`D%EIG%>=\G%@\%W@IA%';?@LIGR%;%<;A%`I@DG%<;=A%@Q^GLE=CG%=D%E@%VDEG;>X%?;?G%@?LI=PD_%#D%;A%;D=PGR% EIG?G% =D% ?G;D@A% E@% DMDHGLE% EI;E% EIG% EIG<G% @\% @?LI=PD% =D% A@E%L@<H>GEG>N%L@=AL=PGAE;>_%#>EI@MJI%<@DE%@?LI=PD%;?G%A@E%EIG%H;?;D=EGD%EIGN% ;?G% D@<GE=<GD% ;>>GJGP% E@% QGR6mm% EIGDG% QG;ME=\M>% ;AP% GgBM=D=EG%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%6m7%TM?EIG?<@?GR%=E%<;N%QG%D;=P%EI;E%?GJ;?P=AJ%LG?E;=A%PGDL?=HE=@AD%@\%>@CG%;D%=PG;>DR%=D%A@E%D;N=AJ%EI;E%EIGN%;?G%<G;A=AJ>GDD_%l;EIG?R%=E%DGG<D%EI;E%EIG%@AG%`I@%PG<@EGD%EIG%PG<;APD%@\%>@CG%E@%;A%MA;EE;=A;Q>G%=PG;>R%I;D%?GL@JA=eGP%EIG%<G;A=AJ%EIGDG%PG<;APD%@\% >@CG% L@M>P%I;CG% =A%I=D%@?%IG?% >=\GR%QME% ?G\MDGD% E@%;LLGHE% EIG%P=\\G?GALG% EIGN% L@M>P%<;SG%\@?%I=<%@?%IG?%EIG?G_%%6m6%/GG%LI;HEG?%2_%6mc% $IG% *?LI=P% $I=G\% =D% ?G;>>N% ;% Q@@S% QN% /MD;A% *?>G;AR% ;AP% EIG% \=><% =D% ;Q@ME% ;A%;EEG<HEGP% ;P;HE;E=@A% @\% =E_% KN% H@=AED% IG?GR% I@`GCG?R% LGAEG?% @A% EIG% \=><D% ;AP% EIG%HG?D@AD%;D%EIGN%;?G%H@?E?;NGP%EIG?G_%%6mm%.A%\;LE%EIGN%;?G%&H4H%)$&5<%

! > .#, !,#$- & * A 7 6 ! 6 + A & ! + ' F ! $#, ! : # 7 K * & ! + $ ! % . & ! ,#* 6 - ? !

!

< D = !

\>@`G?D%MDM;>>N%J?@`%@A%E?GGD%;AP%QMDIGD_%.A%EIG%\=><R%=E%;>D@%QGL@<GD%L>G;?%EI;E%/MD;AiD%@PP%H;DD=@AR%=\%=E%P@GD%A@E%Gg;LE>N%\GGP%@AR%=A%<;AN%`;ND%;E% >G;DE%J?@`D%@A%EIG%H;DD=@AD%@\%@EIG?Dn%DIG%;HHG;?D%MA;Q>G%E@%L@A^M?G%MH%;AN%?G;>%H;DD=@A%\@?%>=\G%IG?DG>\_%%

$I=D%>;LS%@\%H;DD=@A%LM><=A;EGD%=A%;%DLGAG%=A%`I=LI%DIG%\@>>@`D%EIG%@?LI=P% EI=G\% =AE@% ;% D`;<H% =A% ;% ?GDG?CG% E@% E?N% E@% DH@E% ;% H;?E=LM>;?>N%QG;ME=\M>% ;AP% GgLGHE=@A;>% @?LI=PR% EIG% JI@DE% @?LI=PR% =A% Q>@@<_% .A% IG?%Q@@S%EIG%DE@?N%GAPD%`=EI@ME%EIG<%\=AP=AJ%EIG%@?LI=PR%QME%=A%EIG%\=><%=E%EM?AD% @ME% EI;E% EIGN% ;LEM;>>N% P=P_% .E% =D% ?GCG;>GPR% I@`GCG?R% EI;E% EIG%GgHG?=GALG%`;D%A@E%;D%Q?G;EIE;S=AJ%\@?%/MD;A%;D%GCG?N@AG%I;P%D;=P%=E%`@M>P%QG_%T;LGP%`=EI%EIG%\>@`G?R%DIG%DE;EGD%`=EI%P=D;HH@=AE<GAER%V)ME%=EiD%^MDE%;%\>@`G?X_6m5%%

,@`R% =A% EIG% ;QDGALG% @\% EIG% ?=JIE% ;EE=EMPGR% @AG% L@M>P% D;N% EI;E%A@EI=AJ% =D% V;ANEI=AJ% QME% ;% \>@`G?X_% /MD;A% `GAE% =A% DG;?LI% \@?% EIG%QG;MEN%@\% EIG%@?LI=P%;D% =\% DIG%L@M>P%I;CG%\@MAP% =E%QN% ^MDE%Gg;<=A=AJ%EIG%H>;AE_%/IG%>@@SGP%\@?%<G;A=AJ%;D%=\% =E%`G?G%D=<H>N%EIG?G%E@%J?;DH%=APGHGAPGAE>N%@\%IG?%@`A%;EE=EMPG% E@`;?PD%=E_%$I=D% =D%A@E% E@%D;N% EI;E%VQG;MEN% a;AP% =A% EI=D% L;DG% <G;A=AJb% =D% =A% EIG% GNG% @\% EIG% QGI@>PG?_X%$IG?G%=D%;A%=<H@?E;AE%DGADG%=A%`I=LI%QG;MENR%;D%`G>>%;D%<G;A=AJR%>@CG%;AP% J@@PAGDDR% ;?G% V@ME% EIG?GX_% .E% QG>@AJD% E@% EIG% J?;<<;?% @\% EIGDG%`@?PD%EI;E%EIGN%Gg=DE%=APGHGAPGAE>N%@\%MD_%$I=D%=D%EIG%DGADG%=A%`I=LI%QG;MENR%>@CG%;AP%J@@PAGDDR%;?G%?;EIG?%D@<GEI=AJ%EI;E%`G%\=AP%EI;A%`G%L?G;EG_%$IGN%;?G%A@E% ;ANEI=AJ%`G%<;SG%MHR%`G%L;AA@E% DE=HM>;EG% EI;E%D@<GEI=AJ% =D% QG;ME=\M>R% <G;A=AJ\M>% @?% J@@PR% A@?% ;?G% EIGN% @M?% @`A%H?@^GLE=@A%@\%<G;A=AJ%@A%;A%@EIG?`=DG%<G;A=AJ>GDD%`@?>P_%%

,@AGEIG>GDDR%=E%L@M>P%QG%D;=P%EI;E%DGG=AJ%D@<GEI=AJ%;D%QG;ME=\M>%@?%>@CG>NR% @?% \=AP=AJ% D@<GEI=AJ% <G;A=AJ\M>% ?GBM=?GD% EI;E% `G% ;?G%?GDH@AD=CG% E@% =ED% QG;MEN% @?% @EIG?% <G;A=AJ_% /GG=AJ% QG;MEN% ;AP% >@CG%L;AA@E%QG%P=DE=AJM=DIGP%\?@<%QG=AJ%$#0@%&.!QN%=ER%;AP%/MD;AiD%\;=>M?G%E@% DGG%;ANEI=AJ%VQME%;% \>@`G?X% =D%;% \;=>M?G% E@%QG% E@MLIGP%QN% =ER%@?%QG%E@MLIGP%QN%>=\GR%;>EI@MJI%DIG%PGDHG?;EG>N%`;AEGP%E@%QG_%.E%=D%;%\;=>M?G%=A% IG?% ?G;LE=@AD% E@`;?PD%`I;E%I;HHGAD% E@%IG?R% ;% \;=>M?G% Q@EI% E@% >=CG%;AP%>@CG_%$I=D%DI@`D%`IN%@M?%&LH&(4&-@&!@\%QG;MEN%@?%<G;A=AJ%I;D%E@%QG% P=DLMDDGP% H?GL=DG>N% =A% ?G>;E=@A% E@% EIG% J?;<<;?% @\% VGgHG?=GAL=AJX%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%6m5%#D%EIG%\=><%L@AE=AMGD%=E%E;SGD%@A%GCGA%<@?G%@PP%E`=DED%;AP%EM?AD_%T@?%=ADE;ALGR%=E%EM?AD% @ME% EI;E% EIG% JI@DE% @?LI=P% `;D% A@E% H?=<;?=>N% D@MJIE% ;\EG?% \@?% =ED% QG;MENR% QME%QGL;MDG% @\% =ED% I;>>ML=A@JGA=L% H?@HG?E=GDR% @A%`I=LI% Q@EI% /MD;A% ;AP% EIG% @?LI=P% EI=G\%L@ADGBMGAE>N% JGE% I=JI_% $IG% H@=AE% .% `;AE% E@% <;SGR% I@`GCG?R% P@GD% A@E% EM?A% @A% EIG%DMQDGBMGAE%GCGAEDR% ;AP% EIMD% .%`=>>%A@E% GgEGAP%<N%P=DLMDD=@A% E@%`I;E%I;HHGAD%;\EG?%EIG%\=AP=AJ%@\%EIG%\>@`G?_%%

2 & ( $ + $ 3 !

! !

< D H !

;AP% A@ER% D;NR% VPGL=P=AJX% @?% VDE=HM>;E=AJX_% $IG?G% =D% A@%`;N% @\% QG=AJ%E@MLIGP%QN%@AGiD%@`A%PGL=D=@A_%%

#D%.%D;=PR%/MD;AiD%\;=>M?G%E@%\=AP%<G;A=AJ%;AP%H;DD=@A%=D%A@E%PMG%E@%;% >;LS% @\% `=>>R% =A% EIG% DGADG% @\% I;C=AJ% IG?% <=AP% DGE% @A% D@<GEI=AJ_%l;EIG?%IG?%PGDHG?;EG%PGEG?<=A;E=@A%E@%\=AP%;%`;N%@\%>=C=AJ%;%>=\G%`=EI%<G;A=AJ%;LEM;>>N%L@<GD%E@%DE;AP%=A%IG?%`;N%@\%\=AP=AJ%;AN_6m8%$@%;J;=A%MDG% (=G?SGJ;;?PiD% A@E=@A% @\% P@MQ>G4<=APGPAGDDR% `G% L@M>P% D;N% EI;E%IG?%PGEG?<=A;E=@A% E@% \=AP%<G;A=AJ% =A%;% DHGL=\=L%`;N%@\% >=\G%H?GCGAED%IG?%\?@<%?;=D=AJ%EIG%BMGDE=@A%@\%`I;E%DIG%E?M>N%`;AED%\?@<%>=\G0%%

`=>>=AJ%@AG%EI=AJ%P@GD%A@E%<G;A%E@%L@<<=E%EIG%J?;CG%<=DE;SG%@\%;%Q?;eGAR%MAI@>N%GAEIMD=;D<R%A;<G>NR%E@%`=>>%EIG%Q=JR%A@%<;EEG?%`IGEIG?%=E%QG%J@@P%@?%Q;P_%#>D@R%@AG%`I@%`=>>D%=A%EI=D%\;DI=@A%A@%<;EEG?%I@`%PGDHG?;EG>N%IG%P@GD%=ER%=D%=APGGP%P@MQ>G4<=APGP_%.D%A@E% PGDH;=?% D=<H>N% P@MQ>G4<=APGPAGDDZ% T@?% `I;E% =D% PGDH;=?%@EIG?%EI;A%E@%I;CG%E`@%`=>>D_%a(=G?SGJ;;?P%7158R%87b%

"G?%DG;?LI%\@?%H;DD=@A%;AP%<G;A=AJ%=D%;%DG;?LI%\@?%D@<GEI=AJ%DHGL=\=LR%D@<GEI=AJ%EI;E%DIG%L@M>P%.#%=A%@?PG?%\@?%IG?%>=\G%E@%<;SG%DGADG_%$IG?G%=D% A@ER% I@`GCG?R% ;ANEI=AJ% =A% H;?E=LM>;?% `G% AGGP% E@% P@% E@% >@CG% @?%GgHG?=GALG%<G;A=AJ_%*A%EIG%L@AE?;?NR%\=AP=AJ%<G;A=AJ%=A%<;AN%L;DGD%=AC@>CGD% ?G\?;=A=AJ% \?@<% P@=AJ% ;ANEI=AJ% =A% H;?E=LM>;?R% QME% ?;EIG?%QG=AJ%?GDH@AD=CG%E@%EIG%P=\\G?GAE%S=APD%@\%<G;A=AJ%EIG?G%<=JIE%QG%=A%;%D=EM;E=@A_%*\% L@M?DGR% =E% =D% EG<HE=AJ% E@% EI=AS% EI;E% ;% >=\G%`=EI%<G;A=AJ%;AP%H;DD=@A%<MDE% E;SG%;% DHGL=\=L% \@?<_%#% \@?<%@\%Gg@E=D<%@\EGA%;>D@%L@<GD%=AE@%H>;N%=A%EIG%QG>=G\%EI;E%;%>=\G%@\%H;DD=@A%DI@M>P%=AC@>CG%<@?G%@?% >GDD% GgL=E=AJ% \G;EM?GDR% DMLI% ;D% IG;P=AJ% =AE@% ;% D`;<H% >@@S=AJ% \@?%?;?G% \>@`G?D_% "@`GCG?R% =\% @AG% L;AA@E% \=AP% ;AN% <G;A=AJ% =A% @AGiD%?GJM>;?%>=\G%=E%=D%\;=?>N%?G;D@A;Q>G%E@%EI=AS%EI;E%@AG%`=>>%A@E%\=AP%=E%=A%;%D`;<H%G=EIG?_%

Y;C=P%:@LSQM?A%BM@EGD% ;%ÉGA%<;DEG?%`I@%`?=EGDR%`=EI% ?GJ;?P% E@%\@LMD=AJ%@A%`I;E%@AG%=D%P@=AJ0%%

.\%`I=>G%`;DI=AJ%EIG%P=DIGDR%`G%EI=AS%@A>N%@\%EIG%LMH%@\%EG;%EI;E%;`;=ED%MDR% EIMD%IM??N=AJ% E@% JGE% EIG%P=DIGD% @ME% @\% EIG%`;N% ;D% =\%EIGN%`G?G% ;%AM=D;ALG% vzw%`G%;?G%A@E%;>=CG%PM?=AJ% EIG% E=<G%`G%;?G% `;DI=AJ% EIG% P=DIGD% vzw% .\% `G% L;AiE% `;DI% EIG% P=DIGDR% EIG%LI;ALGD%;?G%`G%`@AiE%QG%;Q>G%E@%P?=AS%@M?%EG;%G=EIG?_%a:@LSQM?A%7112R%71cb%%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%6m8%"G?GR%@AG%<;N%;>D@%EI=AS%@\%EIG%P=DE=ALE=@A%QGE`GGA%EIG%E`@%MDGD%@\%`=>>0%V\GG>=AJ%>=SGX%;AP%VPGL=P=AJX_%:\_%LI;HEG?%c_%

! > .#, !,#$- & * A 7 6 ! 6 + A & ! + ' F ! $#, ! : # 7 K * & ! + $ ! % . & ! ,#* 6 - ? !

!

< D @ !

:@LSQM?A%Q?=AJD% =A% EI=D%BM@EG% =A%;%P=DLMDD=@A%@\%`I;E%V>=C=AJ% =A% EIG%H?GDGAEXR%@?%V\@?%EIG%<@<GAEX%<=JIE%<G;AR%QME%=E%DE?=SGD%<G%EI;E%EIG?G%;?G%=<H@?E;AE%L@AAGLE=@AD%E@%QG%<;PG%QGE`GGA%DMLI%;%P=DLMDD=@A%;AP%;%P=DLMDD=@A%@\% EIG%<G;A=AJ%`G%\=AP% =A% >=\G_% .A%;%D=<=>;?%<;AAG?R% EIG%P=DLMDD=@A%<;N%;>D@%QGAG\=E%\?@<%L@AD=PG?=AJ%EIG%BMGDE=@A%`=EI%?GJ;?P%E@%L@ALGHED%DMLI%;D%VL@AEGAE<GAEXR%VI@HGXR%V\;=EIX%@?%VHM?=ENX_%%

.A% DE?=C=AJ% E@%HME% EIG% \;=>M?G% .% DGG% =A%/MD;AiD%;EE=EMPG% E@`;?PD% >=\G%=AE@%`@?PDR%.%\=AP%<NDG>\%L@<=AJ%MH%`=EI%PGDL?=HE=@AD%DMLI%;DR%V/IG%=D%A@E% =AC@>CGP% =A% IG?% @`A% >=\GXR% @?R% V$I?@MJI% =E% ;>>% DIG% ?G<;=AD%?G<;?S;Q>N%P=DE;AEXR%@?R%V/IG%DGG<D%E@%I;CG%;%AGGP%;>`;ND%E@%?G<;=A%=A%L@AE?@>X_%#%EIG<G%EI;E%?MAD%EI?@MJI%EIGDG%P=\\G?GAE%PGDL?=HE=@AD%=D%EIG%?G\MD;>%E@%QG%E;SGA%=A%QN%D@<GEI=AJR%EIG%`=DI%E@%?G<;=A%PGE;LIGP%`=EI@ME%EIG%?=DS%@\% >@D=AJ%@AGDG>\%@?% >@D=AJ%@AGiD%IG;P_%)ME% >G;P=AJ%;%H;DD=@A;EG%>=\Gp;AP%.%A@`%E;SG%=E%;D%GC=PGAE%EI;E%>@C=AJ%<G;AD%>=C=AJ%=\% A@E% VH;DD=@A;EG>NXR% `=EI% ;>>% EI;E% <=JIE% QG% L@AAGLEGP% `=EI% DMLI%PGDL?=HE=@ADR% G<@E=@A;>% ?@>>G?% L@;DEG?D% ;AP% D@% @AR% EIGA% ;E% >G;DE%`=EI%H;DD=@AR%`IGEIG?%EI=D%H;DD=@A%=A%=AP=C=PM;>%L;DGD%=D%QGDE%PGDL?=QGP%;D%;%?@;?=AJ%\=?G%@?%;A%=AAG?%J>@`p<G;AD%@HGA=AJ%MH%E@%?=DS%;AP%\@?EMAGR%A@E%SA@`=AJ%`I;E%E@%GgHGLE_%

.A%/MD;A%*?>G;AiD%;EE=EMPG%E@`;?PD%>=\GR%EIG?G%=D%;%>;?JG%G>G<GAE%@\%L@AE?@>_% /IG% DG;?LIGD% \@?% H;DD=@A% QME% DIG% =D% ;\?;=P% @\%`I;E% =E%`@M>P%<G;A%E@%QG%E?M>N%H;DD=@A;EGR%E@%>GE%IG?DG>\%6m2%J@R%;AP%@HGA%MH%E@%Q@EI%\@?EMAG% ;AP% \;=>M?G_% .E% <=JIE% GCGA% QG% D;=P% EI;E% IG?% \G;?% @\% H;DD=@A%?GCG;>D%IG?%>;LS%@\%=E_%!IGA%EIG?G%=D%H;DD=@AR%EIG?G%=D%A@%<GAE=@A%@\%EIG%?=DSD% =AC@>CGP% =A% QG=AJ%H;DD=@A;EG_%!IGA% =E% =D% >;LS=AJR% I@`GCG?R% EIG%?=DSD% =AC@>CGP% =A% >GEE=AJ% @AGDG>\% J@% DE;?G% @AG% =A% EIG% \;LG_% $?N=AJ% E@%L;>LM>;EG%`=EI% EIGDG%HG?LG=CGP% ?=DSD% E@% \=AP%;%`;N%@\%I;C=AJ%H;DD=@A%`=EI@ME% EIG% ?=DSDR% ;J;=AR% ?MAD% L@MAEG?% E@% \=AP=AJ% ;AN% ?G;>% H;DD=@A_%!I;E%@AG%>@@SD%\@?%=\%@AG%,$$&'H$5%E@%<MDEG?%MH%;%H;DD=@A%EI;E%<;N%A@E%=AC@>CG%>@DDR%=D%A@E%E?MG%H;DD=@A%QME%;%DMQDE=EMEG_%

/MD;A%=D%DG;?LI=AJ%\@?%;%`;N%E@%PGL=PG%`I;E%<G;A=AJ%EI=AJD%<=JIE%I;CG%\@?%IG?_%#A%=<H@?E;AE%>GDD@A%@\%>@CGR%I@`GCG?R%=D%EI;E%`G%;?G%A@E%EIG% D@>G% ^MPJGD% @\% `I;E% =D% =<H@?E;AE% ;AP% `I;E% =D% A@E_% !G% L;AA@E%PGL=PG% EIG% D=JA=\=L;ALG% D@<GEI=AJ%`=>>%I;CG% \@?%MD% =A%;PC;ALG_% .\%`G%@HGA%MH% E@% >@CGR% ^MDE% ;ANEI=AJ% ;AP%GCG?NEI=AJ%<;N%I;CG% ;%<G;A=AJ%\@?%MDR%QME%EIG?G%=D%A@%`;N%@\%?(4-+4-+!,?#0$%EI=D%<G;A=AJ%QN%@M?DG>CGD_%$I=DR%I@`GCG?R%P@GD%A@E%GgL>MPG%EI;E%EIG?G%;?G%E=<GD%;E%`I=LI%`G%<;N%;>D@%AGGP%E@%%#8.!#-%E@%EIG%D=JA=\=L;ALG%D@<GEI=AJ%I;D%\@?%MD_%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%6m2%.A%EIG%DGADG%@\%IG?%5&8*%;D%.%P=DLMDDGP%=A%LI;HEG?%5_%

2 & ( $ + $ 3 !

! !

< < G !

!I;E%.%I;CG%`;AEGP%E@%DI@`%=D%A@E%`I;E%>=\G%=D%?G;>>N%>=SGR%`IGEIG?%EIG?G%=D%<G;A=AJ%=A%=E%@?%A@ER%@?%`IGEIG?%>=\G%I;D%;%H;?E=LM>;?%<G;A=AJ_%.%I;CG%?;EIG?%`;AEGP%E@%Q?=AJ%@ME%E`@%P=\\G?GAE%S=APD%@\%;EE=EMPGD%EI;E%`G%<=JIE%E;SG%E@`;?PD%>=\G%`I=LI%=A%EIG<DG>CGD%;?G%L@ADE=EME=CG%#*!$%&!C4-.5!#*!$%4-+5!7&!5,)!,?#0$!4$R%EI;E%=DR%EIG%<G;A=AJ%`G%\=AP%=A%=E_%.%I;CG%LI;?;LEG?=eGP% EIG% S=AP% @\% ;EE=EMPG% EI;E% /MD;A% *?>G;A% GgG<H>=\=GD% ;D%@AG%@\!@#-$(#8R% \=AP=AJ%=A% =E%;A%;EEG<HE%E@%PGEG?<=AG%`I;E%GCG?NEI=AJ%DI@M>P%QG% >=SG_%$IG%;EE=EMPG%@\% >@CG% EI;E% .%I;CG%`;AEGP% E@%H?GDGAE% =D%?;EIG?%@AG%@\%#H&-4-+!MH%E@%>=\GR%;AP%E@%@EIG?%HG@H>GR%QN%A@E%E?N=AJ%E@R%D;NR%PGEG?<=AG%`I;E%D@<GEI=AJ%DI@M>P%QG%>=SGR%QME%>=C=AJ%`I;E%=D_6m3%%

,GCG?EIG>GDDR% =E% =D% =<H@?E;AE%E@%?GL@JA=eG% =A%`I;E%`;ND%EIGDG%E`@%;EE=EMPGD% ;?G% =A% L@A\>=LE%`=EI% G;LI% @EIG?_% '@@S=AJ% ;E% >=\G% =A% @AG%`;N%GgL>MPGD%>@@S=AJ%;E%=E% =A%EIG%@EIG?%`;N_%.A%;%L@<<GAE%;Q@ME%<=?;L>GD%!=EEJGADEG=A% a7185Qb% <;SGD% ;% D=<=>;?% ?G<;?S% `IGA% IG% D;NDR% V=E% =D%;QDM?P% E@% D;N% xDL=GALG% I;D% H?@CGP% EI;E% EIG?G% ;?G% A@% <=?;L>GDi_% $IG%E?MEI% =D% EI;E% EIG% DL=GAE=\=L%`;N%@\% >@@S=AJ% ;E% ;% \;LE% =D% A@E% EIG%`;N% E@%>@@S%;E%=E%;D%;%<=?;L>GX%a77b_%

v!wG%;>>%SA@`%`I;E%=A%@?P=A;?N%>=\G%`@M>P%QG%L;>>GP%;%<=?;L>G_%.E%@QC=@MD>N%=D%D=<H>N%;A%GCGAE%EIG%>=SG%@\%`I=LI%`G%I;CG%AGCG?%NGE%DGGA_%,@`%DMHH@DG%DMLI%;A%GCGAE%I;HHGAGP_%$;SG%EIG%L;DG%EI;E%@AG% @\% N@M% DMPPGA>N% J?G`% ;% >=@ArD% IG;P% ;AP% QGJ;A% E@% ?@;?_%:G?E;=A>N% EI;E% `@M>P% QG% ;D% GgE?;@?P=A;?N% ;% EI=AJ% ;D% .% L;A%=<;J=AG_% ,@`% `IGAGCG?% `G% DI@M>P% I;CG% ?GL@CG?GP% \?@<% @M?%DM?H?=DGR%`I;E% .%`@M>P%DMJJGDE%`@M>P%QG% E@% \GELI%;%P@LE@?%;AP%I;CG% EIG% L;DG% DL=GAE=\=L;>>N% =ACGDE=J;EGP% ;AP% =\% =E% `G?G% A@E% \@?%IM?E=AJ%I=<% .%`@M>P%I;CG%I=<%C=C=DGLEGP_%U-.!7%&(&!7#08.! $%&!'4(,@8&!%,3&!+#$!$#X!N#(!4$!45!@8&,(!$%,$!7%&-!7&!8##C!,$!4$!4-!$%45!7,)!&3&()$%4-+! '4(,@08#05! %,5! .45,HH&,(&.n% MA>GDD% `I;E% `G% <G;A% QN%EI=D% EG?<% =D% <G?G>N% EI;E% ;% \;LE% I;D% A@E% NGE% QGGA% GgH>;=AGP% QN%DL=GALG%`I=LI%;J;=A%<G;AD%EI;E%`G%I;CG%I=EIG?E@%\;=>GP%E@%J?@MH%EI=D% \;LE%`=EI%@EIG?D% =A%;%DL=GAE=\=L% DNDEG<_% a!=EEJGADEG=A%7185QR%7F477R%')!&'H%,5450!

.A% @EIG?% `@?PDR% =\% `G% `;AE% E@% DGG% `I;E% DGADG% EIG?G% <;N% QG% =A% EIG%DMJJGDE=@A%EI;E%@M?%>=\G%=A%>@CG%?G;>>N%=D%V;%`@APG?\M>%>=\GXR%`G%DI@M>P%QG% L>G;?% ;Q@ME% EIG% HG?DHGLE=CG% \?@<%`I=LI% `G% ;?G% ;HH?@;LI=AJ% EIG%BMGDE=@A_% .\% `G% ;HH?@;LI% EIG% BMGDE=@A% `=EI% ;% LG?E;=A% DGE% @\%H?GDMHH@D=E=@ADR%E?N=AJR%\@?%@AG%EI=AJR%E@%\=E%EIG%>;AJM;JG%@\%>@CG%=AE@%;%LG?E;=A%DNDEG<%@\%>;AJM;JG%;AP%<G;A=AJR%@?R%\@?%;A@EIG?%EI=AJR%E?N=AJ%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%6m3%$IG?G% =DR%@\%L@M?DGR% DE=>>%;%BMGDE=@A%;Q@ME%`I;E% 45R%;AP%`I;E% =E%<=JIE%<G;A% E@%D;N%EI;E%>=\G%45%=A%;%LG?E;=A%`;N%=A%EIG%\=?DE%H>;LG_%

! > .#, !,#$- & * A 7 6 ! 6 + A & ! + ' F ! $#, ! : # 7 K * & ! + $ ! % . & ! ,#* 6 - ? !

!

< < ; !

E@%\=E%>@CG%=AE@%@M?%@`A%DNDEG<%@\%H?G\G?GALGD%@?%PGD=?GR%EIG%<G;A=AJ%`G%<=JIE%\=AP%<;N%`G>>%G>MPG%MD_%%

.A% "(,@$,$05!!=EEJGADEG=A% `?=EGDR% V,@E% %#7% EIG% `@?>P% =DR% =D% EIG%<NDE=L;>R% QME% $%,$% =E% =DX% a711cR% q8_mmb_% $I=D% J=CGD% C@=LG% E@% BM=EG% ;%P=\\G?GAE%`;N%@\%`@APG?=AJ%;E%@M?%`@?>P%EI;A%;AN%DL=GAE=\=L%;EEG<HE%E@%PGEG?<=AG% =ED% <G;A=AJ_% l;EIG?% EI;A% \=g=AJ% EIG% `@?>P% E@% @M?% H?G4L@ALG=CGP%A@E=@A%@\%`I;E% L@M>P%QG%QG;ME=\M>% =A% =ER% .%`@M>P% D;N%IG% =D%GAL@M?;J=AJ%MD%E@%P=DL@CG?%EIG%QG;MEN%@\%EIG%`@?>PR%QN%;LLGHE=AJR%\@?%@AG% EI=AJR% EIG% =APGEG?<=A;LN%=A% EIG%P=\\G?GAE% \@?<D% =E%<;N%E;SG_%$I=D%L@M>P%QG%DGGA%;D%@AG%`;N%@\%J=C=AJ%C@=LG%E@%EIG%;EE=EMPG%@\%>@CG_%

! !

!

!

@!

>$#%.+$3K'!3#$$(!'%#9!7'!$#,?DB@!

%B05$!?&*#(&!#0(!8#3&!+#$!8#5$!)#0!5,4.!A!,'!,5!@#-5$,-$!,5!,!-#($%&(-!5$,(!U-.!A!5,4.6!@#-5$,-$!4-!$%&!.,(C-&55!

M%&(&W5!$%,$!,$X!!A*!)#0!7,-$!'&!AW88!?&!4-!$%&!?,(!

B#-4!:4$@%&88!_`ak`b!!

s"u%&!(&,8!5#0(@&!#*!$%&!,-L4&$)!,-.!$%&!5&-5&!#*!*(,+484$)!45!4-!$%&!@#-5@4#05-&55!#*!$%&!0-@&($,4-$)!,-.!$%&!0-H(&.4@$,?484$)!#*!4$!,88!!

/#-,8.!Q<!],88!_DEEE6!`knb!

%#%DLGAG%\?@<%;%?@<;AE=L%D=EL@<_65F%$IG%N@MAJ%L@MH>G%I;D%^MDE%GDL;HGP%EIG% EM<M>E% @\% EIG=?%`GPP=AJ% ?GLGHE=@AR% ;E%`I=LI% EIG% P=DL@AEGAE<GAE%;AP%Q=EEG?AGDD%EIG=?%H;?GAED%I;CG%GgHG?=GALGP%=A%EIG=?%@`A%<;??=;JGD%I;CG%\@MAP%<@?G%;AP%<@?G%GgE?G<G%GgH?GDD=@AD%PM?=AJ%EIG%GCGA=AJ_%)?G;EI=AJ%;%D=JI%@\%?G>=G\%=A%EIG%?G\MJG%@\%EIG%J;?PGAR%EIGN%H@APG?%EIG%V\;EGX% @\% EIG=?% H;?GAED_% V.EiD% DL;?N_% $I=?EN% NG;?D% ;J@%<N%<@EIG?% ;AP%\;EIG?%DE@@P%=A%\?@AE%@\%EIG%<=A=DEG?%;AP%D;=P%EIG%Gg;LE%D;<G%`@?PD%`G%^MDE%P=P_%#AP%>@@S%;E%EIG<XR%IG%D;ND_%$@%`I=LI%DIG%?GH>=GD%V$I;E%`@AiE%I;HHGA%E@%MD_X%&gLI;AJ=AJ%C@`D%@\%\=PG>=EN%@ALG%<@?GR%EI=D%E=<G%@A>N%E@%G;LI%@EIG?R%EIGN%H?@<=DG%EIGN%`=>>%A@E%GAP%MH%>=SG%EIG<_%%

$IG%\G;?D%EIG%L@MH>G%I;?Q@M?D%<;N%DE?=SG%MD%;D%A;EM?;>_%:@AE?;?N%E@%`I;E%`G%;?G%E@>P%=A%EIG%<;^@?=EN%@\%?@<;AE=L%DE@?=GDR%EIG%EGDED%E@%`I=LI%EIG%>@CG?D%;?G%HME%P@%A@E%L@<G%E@%;A%GAP%`=EI%EIG%\=?DE%S=DD%@?%`=EI%EIG%PGL=D=@A% E@% DHGAP% EIG=?% >=\G% E@JGEIG?_%*EIG?%@QDE;L>GD%<;N%QG% >M?S=AJ%@A% EIG%`;N_%:@AD=PG?=AJ% EIG% \;=>GP%?G>;E=@ADI=HD%@\%@EIG?%HG@H>GR% EIG%J?@`=AJ%P=C@?LG%?;EGDR%EIG?G%DGG<D%E@%QG%;%J?;CG%?=DS%EI;E%A@E%GCGA%EIG%DE?@AJGDE%@\% >@CGD&`=>>%GAPM?G% EIG% EGDED%@\% E=<G%;AP% >=\G_% .\% EIG% >@CG?D%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%6m1%/E;?DI=H%a7132b_%65F%YI;?<;%;AP%h?GJ%a711246FF6b_%%

> $# % . + $3 K ' ! 3#$$( ! ' % #9 ! 7 ' ! $#,? !

!

< < < !

;?G%A@E%P?;JJGP%P@`A%QN%EIG%H?GDDM?GD%;AP%`@??=GD%@\%GCG?NP;N%>=\G%t%;%>=\G%\=>>GP%A@E%@A>N%`=EI%>@CGR%QME%`=EI%`@?SR%LI=>P?GA%E@%?;=DGR%;J=AJ%H;?GAED%E@%L;?G%\@?%;AP%D@%@A657pEIGA%I@`%P@GD%=E%QG;?%EIG%Q>@`D%EI;E%>=\G% @?% \@?EMAG% PG;>D% =ER% DMLI% ;D% \@?LGP% ;QDGALGD% @?% P=DE;ALGD% PMG% E@%`@?SR% EIG% >@DD% @\% ;% LI=>PR% =A\=PG>=E=GDZ% ";?PDI=HD% <;N% `G>>% Q?=AJ%HG@H>G%L>@DG?%E@%@AG%;A@EIG?R%QME%=E% =D%;D%E?MG%EI;E%EIGN%<;N%;>D@%EG;?%EIG<%;H;?E_%lG\>GLE=AJ%@A%EIG%Q?G;S4MHD%@\%@EIG?%HG@H>GiD%?G>;E=@ADI=HD%`G% <=JIE% ;DSR% `I;E% <;SGD% @M?D% ;AN% P=\\G?GAE% \?@<% EIG=?DZ% !I;E%H?@EGLED%@M?%?G>;E=@ADI=H%\?@<%I;?<%@?%EG>>D%MD%EI;E%@M?%>@CG%`=>>%>;DEZ%%

O@D=AJ%DMLI%BMGDE=@AD%;Q@ME%`I;E%<G;A=AJ%LG?E;=A%GCGAED%I;CG%I;P%;AP% <=JIE% I;CG% \@?% MD% L;A% QG% DGGA% ;D% ;% ?G;LE=@A% E@% `I;E% K;?EI;%%,MDDQ;M<% a7138b% I;D% L;>>GP% EIG% \?;J=>=EN% @\% J@@PAGDD% ;AP%@\% IM<;A%>=\G_%$IGN%;?=DG%;J;=ADE%EIG%Q;LSJ?@MAP%@\%EIG%\;LE%EI;E%@M?%>=\G%E@JGEIG?%=A%<;AN%`;ND% =D% LI;?;LEG?=eGP%QN%L@AE=AJGAE% \G;EM?GD_%!G%<;N%I;CG%EIG%\GG>=AJ%EI;E%LG?E;=A%<@<GAEDR% =AL=PGAED%;AP%@LLM??GALGD%H>;NGP%;%L?ML=;>%H;?E%=A%@M?%?G>;E=@ADI=H%QG=AJ%`I;E%=E%=DR%;AP%;DS%G;LI%@EIG?%@?%@M?DG>CGD%`IGEIG?%`G%`@M>P%DE=>>%QG%E@JGEIG?%=\%EIG%L=?LM<DE;ALGD%I;P%QGGA% P=\\G?GAE_% .A% EI=D% ?GDHGLER% EIGDG% BMGDE=@AD% L;A% QG% DGGA% ;D%GgH?GDD=CG%@\%EIG%?G;>=e;E=@A%EI;ER%;D%,MDDQ;M<%L>;=<DR%IM<;A%QG=AJD%;?G% A@E% @A>N% V;JGAEDXR% QME% ;>D@% VH>;AEDX_656% .A% @EIG?% `@?PDR% `G% ;?G%PGHGAPGAE%\@?%@M?%`G>>4QG=AJ%@A%EI=AJD%EI;E%;?G%V;?G%@MED=PG%MDX_%!G%;?G%@HGA%E@%V\@?EMAGR%QGL;MDG%`G%GAL@MAEG?%I;?PDI=HD%;AP%L;A%L@<G%E@%AGGP% D@<GEI=AJ% EI;E%@A>N% ;A@EIG?% L;A%H?@C=PGX% a,MDDQ;M<%7138R%7b_%%

$IG% BMGDE=@AD% ;?G% ;>D@% ?G<=A=DLGAE% @\% EIG% S=APD% @\% BMGDE=@AD% EI;E%I;CG% QGGA% ?;=DGP% MAPG?% EIG% IG;P=AJ% @\% V<@?;>% >MLSX_65c% $IG% DE;?E=AJ%H@=AE%\@?%EIGDG%P=DLMDD=@AD%=D%EI;E%;%HG?D@AiD%>=\G%=D%A@E%@A>N%DI;HGP%QN%I=D%@?%IG?%?G;D@A%;AP%?;E=@A;>%`=>>R%QME%=D%;>D@%;\\GLEGP%QN%EI=AJD%;AP%L=?LM<DE;ALGD%EI;E%;?G%@ME%@\%I=D%@?%IG?%I;APD_%$I=D%\;LE%I;D%QN%D@<G%HI=>@D@HIG?D%QGGA%L@AD=PG?GP%E@%H@DG%;%DG?=@MD%EI?G;E%E@%@M?%H?;LE=LGD%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%657% $IG% =>>MD=@AR% @\% L@M?DGR% >=GD% =A% EI=AS=AJ% EI;E% EIG?G% L@M>P%QG% DMLI% ;% EI=AJ%;D% ;% >=\G%\=>>GP%@A>N%`=EI%>@CGR%;AP%E@%EI=AS%EI;E%EIGDG%@EIG?%;DHGLED%@\%>=\G%L@ADE=EMEG%;%L@AE?;DE%E@%=E_%656%/IG%Q@??@`D%EI=D%=<;JG?N%\?@<%;%H@G<%QN%O=AP;?%`I@%H@?E?;ND%IM<;A%GgLG>>GALG%;D%J?@`=AJ%V>=SG%;%`=AG%E?GGR%\GP%QN%EIG%J?GGA%PG`R%?;=DGP%MHR%;<@AJ%`=DG%<GA%;AP%^MDER%E@%EIG%>=BM=P%DSNX%a,MDDQ;M<%7138R%7bR%;AP%DE;EGD%EIG%H@D=E=@A%DIG%PGH;?ED%\?@<%;AP%`I=LI%DIG%?GJ;?PD%;D%L@<<@A% EIMD0%V$I;E% .%;<%;A%;JGAE%;AP%;>D@%;%H>;AEn% EI;E%<MLI% EI;E% .% P=P%A@E%<;SG% J@GD% E@`;?PD%<;S=AJ%<G%`I;EGCG?% .% DI;>>% QG% H?;=DGP% @?%Q>;<GP%\@?%QG=AJX%a,MDDQ;M<%7138R%5b_%%65c%/GG%G_J_%EIG%P=DLMDD=@AD%QN%$I@<;D%,;JG>%a7121bR%)G?A;?P%!=>>=;<D%a7137b%;AP%Y_É_%OI=>>=HD%a7116b_%

2 & ( $ + $ 3 !

! !

< < B !

@\% I@>P=AJ% HG@H>G% ?GDH@AD=Q>G% \@?% `I;E% EIGN% P@% =APGHGAPGAE>N% @\% ;%L@AD=PG?;E=@A% @\% EIG% L=?LM<DE;ALGD% >G;P=AJ% MH% E@% ;A% ;LE=@A% ;AP% EIG%L@ADGBMGALGD% @\% =E_% $IGDG% HI=>@D@HIG?D% BMGDE=@A% `IGEIG?% =E% =D%?G;D@A;Q>G% E@% ;P<=A=DEG?% Q>;<G% @?% H?;=DG% E@% HG@H>G% \@?% GCGAED% EI;E%<G?G>N% I;HHGA% E@% EIG<% @?% ;?G% ;% ?GDM>E% @\% EIG=?% Q;LSJ?@MAPD% `I=LI%EIGN%P=P%A@E%LI@@DGR%@?%\@?%VEI=AJD%;Q@ME%EIG<%EI;E%P@%A@E%;HHG;?%E@%QG% MAPG?% EIG% L@AE?@>% @\% ?G;D@A% @?% ?;E=@A;>% `=>>0% EI=AJD% >=SG%?GDH@AD=CGAGDDR%PGD=?GR%H;DD=@AR%=<;J=A;E=@AX%a,MDDQ;M<%7138R%m8b_%

.\% `G% L@AD=PG?% EIGDG% BMGDE=@AD% `=EI% ?GDHGLE% E@% >@CGR% `G% <;N% QG%DE?MLS%QN%EIG%@PP=EN% =A%L?=E=L=e=AJ%EIG%HM?=EN%@\%D@<G@AGiD% >@CG%=\% EIG%C;?=@MD%P=\\=LM>E=GD%EI;E% EIG%H;?E=LM>;?% >@CG?D%I;CG%@CG?L@<G& =A%@?PG?%E@%QG%E@JGEIG?%P@%A@E%H>;N%;%H;?E%=A%@M?%^MPJG<GAE_%!G%<;N%`@APG?%`IGEIG?%`G%DI@M>P%D;N%EI;E%E`@%HG@H>G%E?M>N%>@CG%G;LI%@EIG?%=\% EIG=?%>@CG% I;D% AGCG?% QGGA% HME% E@% ;AN% DG?=@MD% EGDED% @?%`IGEIG?% =E% =D% \;=?% E@%L>;=<% EI;E%;A@EIG?% L@MH>G% \;=>GP% E@% >@CG%G;LI%@EIG?% ^MDE%QGL;MDG% EIGN%`G?G%A@E%;Q>G%E@%L@ABMG?%EIG%@QDE;L>GD%EI;E%`G?G%HME%=A%EIG=?%`;NZ%!G%<;N% ;DS% `IGEIG?% EIG% >@CG% @\% ;% L@MH>G% `I@DG% >@CG% @CG?L;<G% EIG%@QDE;L>GD% EI;E% L;<G% =A% EIG=?%`;N%AGLGDD;?=>N% DE?@AJG?R% @?%<@?G%HM?GR%EI;A%EIG%@AGD%@\%EIG%L@MH>GD%`I@%P=P%A@EZ%%

$IGDG%`;ND%@\%HMEE=AJ% EIG%BMGDE=@AD% ;?G% ;E% QGDE%MAL>G;?_%#E%@EIG?%E=<GDR%EIGN%;?G%D=<H>N%<=D>G;P=AJ_%$IGN%DI@`%I@`%LG?E;=A%<GE;HI@?D%;AP%H=LEM?GD%<;N%H?@CG%E@%QG%H?@Q>G<;E=L%=\%`G%;>>@`%EIG<%E@%JM=PG%@M?% EI@MJIED% E@@% <MLI_% /HG;S=AJ% ;Q@ME% >@CG% ;D% ;% Q@APR% @?% ;D% ;%QM?A=AJ%\=?GR%<;N%>G;P%MD%E@%EI=AS%EI;E%;%>@CG%=D%DE?@AJ%=\%EIG%Q@AP%P@GD%A@E%Q?G;S%;>EI@MJI% EIG% >@CG?D%;?G%P?;`A%;H;?E%@?% =\%`;EG?%;AP%`=AP%P@GD%A@E%BMGALI% =E_%$I=D% =<;JG?NR%DE?GAJEIGAGP%QN%P=DLMDD=@AD%;Q@ME%>@CGiD% L@ADE;ALN% @?% DE;Q=>=ENR% >G;PD% MD% E@% EI=AS% @\% >@CG% =A% BM=EG%A;EM?;>=DE=L%EG?<D_%.A%@EIG?%`@?PDR%`G%;?G%>GP%E@%L@AD=PG?%>@CG%<;=A>N%;D%;A%GgHG?=GALG%@?%;%H?@LGDD%EI;E%I;D%;%LG?E;=A%\GG>R%PM?;E=@AR%;AP%D@%@AR%;AP%P@%A@E%;LSA@`>GPJG% EIG%?@>GD%P=\\G?GAE%<@?;>%PG<;APD%<;N%I;CG%=A%@M?%E;>S%;Q@ME%>@CGR%DMLI%;D%GAPM?=AJ%MAH>G;D;AE%<@<GAED%\@?%EIG% D;SG% @\% EIG% @EIG?R% ;QDE;=A=AJ% \?@<% DG>\4?=JIEG@MDAGDD% @?% DE?=C=AJ%E@`;?PD% @HGAAGDD_% .E% ;>D@% ?GCG;>D% ;% EGAD=@A% =A% EIG% P=\\G?GAE%`;ND% =A%`I=LI%`G%<;N%E;>S%;Q@ME%V>@CGX%;D%QG=AJ%HME%E@%EIG%EGDE_%!IGA%`G%D;N%EI;E% D@<G@AGiD% >@CG% =D% DE?@AJR% =D% EI=D% ;% LI;?;LEG?=DE=L%`G% ;DD=JA% E@% ;%\GG>=AJR% @?% =D% =E% ?;EIG?% E@% QG% DGGA% ;D% ;A% ;DHGLE% @\% EIG% HG?D@AD% =A% ;%?G>;E=@ADI=HR%EIG=?%<;??=;JG%@?%H?@<=DG%E@%G;LI%@EIG?Z%%

!I;E%E?@MQ>GD%<G%<@DE%=A%DHG;S=AJ%;Q@ME%EIG%DE?GAJEIR%=AEGAD=EN%@?%PGHEI%@\%D@<G@AGiD%>@CG%=D%EI;E%=E%=AE?@PMLGD%;%L@<H;?;E=CG%>;AJM;JG%=AE@%@M?%L@ACG?D;E=@AD%@\% >@CG_%!G%;?G%P?;`A%E@%L;>LM>;EG%I@`%<MLI%@M?% >@CG%L@M>P%QG;?% =A%?G>;E=@A% E@%@EIG?% >@CGDR%@?% E@%`I;E% >GAJEI% .%@?%

> $# % . + $3 K ' ! 3#$$( ! ' % #9 ! 7 ' ! $#,? !

!

< < I !

N@M%`@M>P%QG%`=>>=AJ%E@%J@%\@?%=E_%Y@%N@M%>@CG%<G%;D%<MLI%;D%.%P@Z%.D%@M?%>@CG%;D%PGGH%;D%EIG=?DZ%,GGP>GDD%E@%D;NR%EIGDG%DHGLM>;E=@AD%?;?G>N%I;CG%<MLI%E@%P@%`=EI%>@CG_%.A%@AG%L;DG%EIGN%<;N%DHG;S%@\%=ADGLM?=ENn%=A% ;A@EIG?% @\% ^G;>@MDNn% =A% ;% EI=?P% @\% DG>\4J?;EM>;E=AJ% D<MJAGDDR% V#E%>G;DE%`Gi?G%QGEEG?%EI;A%EIG<X_%,G=EIG?%=D%EIG%EG<HE;E=@A%\;?%;`;N%A@E%@A>N% E@%?GL@JA=eG% EI;E%`G%<;N%DHG;S%@\% >@CG%;D%QG=AJ%HME% E@% EIG% EGDE%QME% E@% J@% ;IG;P% ;AP% EGDE% <N% @`A% >@CG% @?% N@M?D_% ,GCG?EIG>GDDR% `G%DI@M>P%?G<G<QG?%EI;E%=A%@?PG?%E@%EGDE%I@`%DE?@AJ%@M?%Q@AP%=DR%`G%;>D@%AGGP%E@%QG%H?GH;?GP%E@%Q?G;S%=E_%.A%EI;E%DGADGR%=E%=D%L?ML=;>%E@%L@AD=PG?%=A% `I;E% D=EM;E=@AD% EIGDG% BMGDE=@AD% ;Q@ME% EIG% H@`G?% @\% @M?% >@CG% E@%DM?C=CG%LG?E;=A%EGDED%;?=DG%;AP%`I;E%;EE=EMPGD%EIGN%<;N%GgH?GDD% =\%`G%`;AE%E@%MAPG?DE;AP%EIG%S=AP%@\%BMGDE=@A%`=EI%`I=LI%`G%;?G%\;LGP_%

%Y?GDDGP% =A% ;% HI=>@D@HI=L;>% JM=DGR% EIG% BMGDE=@AD% \;LG% \M?EIG?%H?@Q>G<D_% !I;E% =A% D@<G% D=EM;E=@AD% <;N% QG% ;% HG?\GLE>N% =AEG>>=J=Q>G%P@MQE% ;Q@ME% @AGiD% @`A% L;H;L=EN% E@% PG;>%`=EI% >=\GiD% MAH>G;D;AE?=GDpEI=D% =D%A@E% NGE% D;N=AJ% ;ANEI=AJ% ;Q@ME%`I;E%<G;A=AJ% EI=D% P@MQE%<;N%I;CG% @?% GgH?GDD% =A% DHGL=\=L% L=?LM<DE;ALGDpQGL@<GD% ;% HI=>@D@HI=L;>%<@ADE?@D=EN%`I=LI% =D% \=>>GP%`=EI% H?G^MP=LG% ;Q@ME% `I;E% L@ADE=EMEGD% ;%HI=>@D@HI=L;>% BMGDE=@A_% *AG% ;DDM<GD% EI;E% EIG% E;DS% @\% HI=>@D@HIN% =D%;>`;ND% E@% H?@C=PG% ^MDE=\=L;E=@A% \@?% @M?% H?;LE=LGD% @\% SGGH=AJ% HG@H>G%?GDH@AD=Q>GR% ;AP% D@% @AR% @?% E@% D@?E% @ME% `I;E% <=JIE% H;DD% ;D% ;% C;>=P%^MPJG<GAER% H?GDMHH@D=AJ% EI;E% @M?%<;=A% @Q^GLE=CG% =D% ;>`;ND% E@%<;SG%D@MAP%@?%?;E=@A;>%^MPJG<GAED_65m%%

*AG% ;>D@%PG;>D%`=EI% ;% CG?N% ?@MJI%P=DE=ALE=@A% \@?%PGEG?<=A=AJ% EIG%J@@PAGDD%@\%;A%;LE=@A_%.A%;DS=AJ%I@`%`G%;?G%E@%;LL@MAE%\@?%J@@PAGDD%=A%;%>=\G%=A%`I=LI%EI=AJD%I;HHGA%EI;E%;?G%@ME%@\%@M?%L@AE?@>R%EI;E%=DR% =\%V`G% ;?G% QG=AJD%`I@DG% PG\=A=E=CG%<@PG% @\% Gg=DEGALG% =D% ,-L4&$)X% a";>>%6FFFR% 728bR% @?% =A% `I=LI% =E% =D% ;A% =AEG?A;>% ;DHGLE% @\% D@<G% @\% @M?%L@<<=E<GAED% EI;E%`I;E%`G%AGGP% =D%@ME%@\%@M?%I;APD%;AP%@M?%AGGPDR%EIG?G\@?G%?GAPG?%MD%CM>AG?;Q>G%E@%\@?EMAGR%,MDDQ;M<%H?=<;?=>N%`@?SD%`=EI=A% EIG%L@ALGHED%@\%VL@AE?@>X%;AP%VEI;E%`I=LI%<G?G>N%I;HHGAD% E@%MDX_% $IG?G% =DR% I@`GCG?R% J@@P% ?G;D@A% E@% BMGDE=@A% `IGEIG?% G=EIG?% @\%EIGDG% E`@% H?@C=PGD% MD% `=EI% ;% J@@P% `;N% @\% MAPG?DE;AP=AJ% <@?;>%;LE=@A_%l@A;>P%'_%";>>% a6FFFb% ^MDE>N% L?=E=L=eGD%,MDDQ;M<iD%P=DE=ALE=@A%;AP% H@=AED% @ME% EI;E%<@?;>% ;LE=@A% L;AA@E% D=<H>N% QG% MAPG?DE@@P% ;D% ;%EGLIA=BMG% \@?% L@AE?@>>=AJ% ;A% @EIG?`=DG% L@AE=AJGAE% `@?>P_% "G%L@<<GAEDR%VK@?;>%;LE=@A%DGLM?GD%=A%D@<G%DGADGR%QME%=E%P@GD%D@%=A%EIG%<=PDE% @\% L@AE=AJGALNR% A@E% QN% ;EEG<HE=AJ% E@% G>=<=A;EG% =E_% *?% QGEEG?R%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%65m%/GG%LI;HEG?%c_%

2 & ( $ + $ 3 !

! !

< < C !

<@?;>%;LE=@A%DGLM?GD%MD%`=EI=AR%?;EIG?%EI;A%\?@<R%L@AE=AJGALN_X%a";>>%6FFFR%736b_%%

.%`=>>%?GEM?A%E@%EIG%BMGDE=@A%@\%I@`%`G%;?G%QGDE%E@%MAPG?DE;AP%EIG%LI;?;LEG?% @\%<@?;>% ;LE=@A% ;AP% EIG% ?G>;E=@ADI=H% QGE`GGA%`I;E%`G% P@%;AP%P@%A@E%L@AE?@>_%$IG%BMGDE=@ADR%I@`GCG?R%`=>>%A@E%E;SG%EIG%\@?<%@\%`I;E%`G%<;N%QG%D;=P%E@%QG%?GDH@AD=Q>G%\@?_%l;EIG?%.%`;AE%E@%\@LMD%@A%EIG% ;EE=EMPGD% E@%`I=LI% EIGDG%`;ND% @\% E;>S=AJ% ;AP% EI=AS=AJ% ;Q@ME% EIG%L@AE=AJGALN%;AP%=APGEG?<=A;LN%@\%IM<;A%>=\G%<;N%>GAP%EIG<DG>CGD_%.%`=>>%<;?S% L@AE?;DED% QGE`GGA%`;ND% @\% D;N=AJ% V$I;E%`@AiE% I;HHGA% E@%MDX% @?% V,@EI=AJiD% J@AA;% DE@H% MD% A@`X% EI;E% ;?G% GgH?GDD=CG% @\% E?MDER%\;=EIR%I@HG%;AP%>@CGR%@A%EIG%@AG%I;APR%;AP%@AGD%EI;E%=AE?@PMLG%;%`;N%@\%DHGLM>;E=AJ%;AP%L@<H;?=AJ%@AGiD%>@CG%E@%@EIG?Di%EI;E%?;EIG?%;HHG;?%E@%QG%;%EG<HE;E=@A%=A%@?%\;=>M?G%E@%>@CG_%%

)GJ=AA=AJ%`=EI%EIG%BMGDE=@A%@\%`I;E%?@>G%`G%<;N%;DD=JA%E@%LI;AJG%=A%;%>=\G%=A%`I=LI%=E%=D%A@E%H?GPGEG?<=AGP%`I;E%`=>>%I;HHGAR%.%L@AE=AMG%QN% ;?JM=AJ% EI;E% EIG% H?@<=DG% @\% >@CG% =D% A@E% E@% QG% MAPG?DE@@P% =A% EIG%\@?<% @\% ;% H?GP=LE=@A% EI;E% LG?E;=A% ;DHGLED% @\% @M?% >=\G% `=>>% ?G<;=A%L@ADE;AE_% .% EIGA% P=DE=AJM=DI% QGE`GGA% ;EEG<HED% E@% L@AE?@>% EIG%=APGEG?<=A;LN%@\%>=\G%;AP%G<Q?;L=AJ%=E%`=EI%\;=EI%=A%@AG%;A@EIG?_%.%;DS%`I;E%=E%<;N%<G;A%E@%EI=AS%@\%IM<;A%>=\G%;D%\?;J=>GR%;AP%`I;E%=E%<;N%<G;A%E@%EI=AS%EI;E%>@CG%GgH?GDDGD%;A%;QD@>MEG%HG?DHGLE=CGR%EI;E%=DR%;D%=E%`G?GR%\@?GCG?_%%

$@%L>G;?%;`;N%@AG%H@DD=Q>G%<=DMAPG?DE;AP=AJn%`IGA%.%DHG;S%;Q@ME%`I;E%;EE=EMPGD%<;N%QG%GgH?GDDGP%=A%DHG;S=AJ%;Q@ME%>@CG%=A%@AG%`;N%@?%;A@EIG?R%.%;<%A@E%E?N=AJ%E@%PG\=AG%EIG%?=JIE%;EE=EMPG%`G%DI@M>P%E;SG%E@%@AG% ;A@EIG?% ;AP% @M?% ?G>;E=@ADI=H% =A% >@CGR% D;NR% I@HG\M>% QME% A@E%@CG?`GGA=AJR%LG?E;=A%QME%A@E%L;>LM>;E=AJR%E?MDE=AJ%QME%A@E%E;S=AJ%G;LI%@EIG?%\@?%J?;AEGP_%,@?%;<%.%E?N=AJ%E@%PGDL?=QG%EIG%H?GC;=>=AJ%;EE=EMPG%=A%;LEM;>%?G>;E=@ADI=HD%@\%>@CG_%.E%?;EIG?%;HHG;?D%EI;E%=A%EIG%;LEM;>%L;DGR%EIG?G%;?G%;%C;?=GEN%@\%;EE=EMPGD%EI;E%<;N%;AP%P@%H?GDGAE%EIG<DG>CGD%E@%MD_%/@<G%@\%EIGDG%;?G%GgH?GDD=CG%@\%>@CGR%`I=>G%@EIG?D%?;EIG?%L@ADE=EMEG%L@??MHE=@ADR% \;=>M?GD%@?%EG<HE;E=@AD% =A% >@CG_%KN%=AEGAE=@A%=D%?;EIG?%E@%G>ML=P;EG% `I;E%'#(,8! 54+-4*4@,-@&% EIGDG% P=\\G?GAE% `;ND% @\% ?G>;E=AJ% E@%G;LI%@EIG?%;AP% E@% >=\G%J;=A% =A% EIG% >=JIE%@\%;%LG?E;=A%MAPG?DE;AP=AJ%@\%>@CGR% EI;E% =DR%@AG% EI;E% ?GL@JA=eGD% EI;E%`G%;?G%L@A\?@AEGP%`=EI%LG?E;=A%MAL@AP=E=@A;>%PG<;APD%=A%@M?%?G>;E=@ADI=HD%`=EI%@EIG?D_%

> $# % . + $3 K ' ! 3#$$( ! ' % #9 ! 7 ' ! $#,? !

!

< < = !

+!>&0&*:%.+$3!27'%!".($3&?DII!

)G\@?G%EM?A=AJ%E@%EIG%BMGDE=@A%;Q@ME%`I;E%P=\\G?GAE%S=APD%@\%;EE=EMPGD%<;N%QG%GgH?GDDGP%=A%;%DE;EG<GAE%DMLI%;D%X$I;E%`@AiE%I;HHGA%E@%MDX%@?%V,@EI=AJiD%J@AA;%DE@H%MD%A@`XR% .%`;AE% E@% D;N%D@<GEI=AJ%;Q@ME% E`@%L@ALGHED%EI;E%H>;N%;%L?ML=;>%H;?E%=A%EI=D%P=DLMDD=@A_%$I=D%a7b%EIG%@AG%@\%X@HGAAGDDX% @?% V=APGEG?<=A;LNX% ;AP% a6b% EIG% @AG% @\% XLI;AJGX_% ,@`R%EIGDG%E`@%L@ALGHED%;?G%L>@DG>N%L@AAGLEGP_%$IG%BMGDE=@A%;Q@ME%I@`%`G%;?G% E@% PG;>% `=EI% @?% ?G;LE% E@% EIG% =APGEG?<=A;LN% @\% >=\G% <;N% ;>D@% QG%\@?<M>;EGP%;D%;%BMGDE=@A%;Q@ME%`I;E%H>;LG%P=\\G?GAE%S=APD%@\%LI;AJGD%<;N% I;CG% =A% >@CG_%!I;E% P@GD% =E%<G;A% E@% LI;AJG% =A% >@CGZ%#?G% EIG?G%D@<G%S=APD%@\%LI;AJGD%EI;E%>@CG%P@GD%A@E%GAPM?GZ%

$@%#?=DE@E>G%;AP%,MDDQ;M<%=E%;HHG;?D%;D%=\%&3&()%S=AP%@\%LI;AJGR%;E%>G;DE% AGJ;E=CG% LI;AJGR% <;N% EI?G;EGA% @?% LI;>>GAJG% @M?% >@CG% @?%\?=GAPDI=H_658% $I=D% =D% ;D% E?MG% @\% <;AN% HI=>@D@HIG?Di% EI=AS=AJ% ;Q@ME%`I;E% =D%?GBM=?GP%\@?% ^MPJ=AJ%EI;E%D@<GEI=AJ%@?%D@<G@AG%=D% EIG%D;<G_%U-)% S=AP% @\% LI;AJG% ;% HG?D@A% <;N% MAPG?J@% =D% E;SGA% ;D% ;% EI?G;E% E@%?G<;=A=AJ%EIG%D;<G_%$I=D%=PG;%?GCG;>D%;%\;>>;LN%=A%<;AN%HI=>@D@HIG?Di%aL\_%'@LSG%7125R%"M<G%7123b%EI=AS=AJ%;Q@ME%=PGAE=ENR%;AP%;Q@ME%`I;E%E;>S=AJ% ;Q@ME% D@<GEI=AJ% ;D% EIG% D;<G% GAE;=>D_652% $IGN% ;DDM<G% EI;E%D@<GEI=AJ%<MDE%I;CG%EIG%D;<G%H?@HG?E=GD%\@?%MD%E@%L;>>%=E%EIG%D;<GR%;A%=PG;%`I=LI%P@GD%A@E%\=AP%<MLI%\@@EI@>P%=A%;%>=\G%@?%`@?>P%`IG?G%\?@<%@AG% HG?DHGLE=CG% GCG?NEI=AJ% ;HHG;?D% E@% QG% =A% L@ADE;AE% \>Mgn% ;E@<DR%<@>GLM>GD% ;AP% LG>>D% E?;AD\@?<R% `G% J?@`% @>PG?R% ;AP% @\EGA% A@E% EI;E%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%655%j@MAJ%a7132b%658%.\%`G%EM?A%@>P%;AP%J?@MLIN%=E% =DR%G_J_R%L>G;?%E@%#?=DE@E>G%EI;E%`G%;?G%A@E%;D%G;DN%E@%>@CG%;D%QG\@?G_%,MDDQ;M<%H;DDGD%@CG?%EIGDG%;DHGLED%@\%I=D%P=DLMDD=@A%=A%D=>GALG_%$I=D%=JA@?GD%EI;E%`G%@\EGA%EI=AS%EI;E%;%>@CG%=D%>GDD%HM?G%=\%=E%P@GD%A@E%GAPM?G%LI;AJG_!%652%T@?%@AG%EI=AJR%EIGN%L@A\>;EG%AM<G?=L;>%=PGAE=EN%`=EI%BM;>=E;E=CG%=PGAE=ENR%EI;E%=DR%a7b%EIG% =PGAE=EN%`G%<;N% ;DL?=QG% E@% D@<GEI=AJ% >;DE=AJ%@CG?% E=<GR% DMLI% ;D%<N% L;?R%`I=LI%;>EI@MJI%=ED%Q=ED%;AP%H=GLGD%<;N%I;CG%QGGA%?GH>;LGPR%DE=>>%?G<;=AD%<N%L;?%;AP%a6b%EIG%=PGAE=EN%`G%<;N%;DL?=QG%E@%E`@%@Q^GLED%I;C=AJ%EIG%D;<G%H?@HG?E=GDR%DMLI%;D%E`@%AG`%L;?D%@\%EIG%D;<G%<@PG>_%a$IG%V?G;>X%HI=>@D@HI=L;>%HMee>G%IG?G%=D%@\%L@M?DG%`I;E%`G%;?G%E@% D;N% =\% ;>>% EIG% H=GLGD% @\%<N% L;?% ;?G% ?GH>;LGP_% .D% =E% DE=>>% EIG% D;<G% L;?Z%#AP%`I;E% =\%D@<G@AG%I;P%QM=>E%;A@EIG?%L;?%@ME%@\%EIG%?GH>;LGP%H=GLGD%=D%A@E%EI;E%L;?%?G;>>N%<N%L;?Z%:\_%$IGDGMDi% DI=H_% .%JMGDD% =E% E;SGD%;%HI=>@D@HIG?%A@E% E@%QG% L@AEGAE%`=EI% EIG%;AD`G?R%V!G>>R% EI=D% =D% <N% L;?% EI;E% I;D% MAPG?J@AG% ?GH;=?R% ;AP% EI;E% =D% EIG% L;?% D@<G% >MA;E=L%PGL=PGP% E@% HME% E@JGEIG?% \?@<% EIG% P=DL;?PGP% H=GLGD_Xb% l;EIG?% EI;A% GgH>;=A=AJ%AM<G?=L;>% =PGAE=EN% ;D% ?G\G??=AJ% G_J_% E@% L@AE=AMGP% =PGAE=EN% EI?@MJI% E=<GR% .% `@M>P%DMJJGDE%EI;E%=\%`G%`;AE%E@%MAPG?DE;AP%EIG%=PG;%@\%=E%QG=AJ%EIG%D;<G%L;?R%`G%DI@M>P%A@E%@A>N%>@@S%E@%D@<G%H?@HG?E=GD%@\%EIG%L;?R%QME%E@%<N%?G>;E=@A%E@%=En%=E%=D%;D%=<H@?E;AER%;AP%HG?I;HD%<@?G%D@R%EI;E%=E%=D%')%L;?%EI;A%EI;E%=E%=D%EI;E%@,(_%%%

2 & ( $ + $ 3 !

! !

< < H !

<MLI%`=DG?R% JGE%`?=AS>GDR% QGL@<G%<@?G%;??@J;AE%@?%IM<Q>GR%;AP%D@%@A_% lG<;?S=AJ% @A% EI=D% BM=EG% E?=C=;>% DGADG% =A% `I=LI% GCG?NEI=AJ% =D%L@ADE;AE>N% LI;AJ=AJR% I@`GCG?R% P@GD% A@E% <G;A% EI;E% A@E=@AD% DMLI% ;D%D;<GAGDDR% L@ADE;ALN% @?% DE;Q=>=ENR% ;AP% \M?EIG?<@?GR% H?@<=DGD% ;AP%L@<<=E<GAEDR%I;CG%A@%H>;LG%=A%@M?%>=\G_%%

.E%=D%;%HI=>@D@HI=L;>%H?G^MP=LG%E@%EI=AS%EI;E%`G%L@M>P%<;SG%DGADG%@\%;%A@E=@A%@\% =PGAE=EN%`I=LI%P@GD%A@E% E;SG%;LL@MAE%@\% EIG%LI;AJGD% EI;E%`G%MAPG?J@%;D%;%LGAE?;>%\G;EM?G%@\%`I@%`G%;?G_%.E%<=JIE%GCGA%QG%<@?G%E@%EIG%H@=AE%E@%D;N%EI;E%GCGA%EI@MJI%`G%>=CG%EI?@MJI%LI;AJGR%;AP%@M?%<@PG%@\%Gg=DEGALG%=D%LI;AJGR%=E%=D%#-8)!4-!@&($,4-!@#-$&L$5!EI;E%`G%DHG;S%;Q@ME%EI=AJD%;D%I;C=AJ%LI;AJGP%=A%;%?G>GC;AE%`;N_%TM?EIG?<@?GR%EIG?G%=D%A@%L@AE?;P=LE=@A%=A%LI;AJ=AJ%=A%DGCG?;>%P=\\G?GAE%`;NDR%=A%EIG%;Q@CG%DGADGDR% ;AP% DE=>>% QG=AJ% EIG% D;<GR% ;J;=A% =A% EIG% ?G>GC;AE% `;N_% $IG%BMGDE=@A% =D% @A>N%`I;E% `G% ;DS% \@?% `IGA%`G%`;AE% E@% SA@`%`IGEIG?%D@<GEI=AJ%@?%D@<G@AG%=D%EIG%D;<G%@?%I;D%LI;AJGPR%;AP%`I;E%S=AP%@\%;AD`G?%`G%;?G%>@@S=AJ%\@?%=A%EIG%H;?E=LM>;?%D=EM;E=@A_%$IG?G%=DR%=A%EI;E%`;NR% A@EI=AJ% HGLM>=;?% =A% QG=AJ% ;Q>G% E@% ;AD`G?% ;% BMGDE=@A% ;D% E@%`IGEIG?%D@<G@AG%I;D%LI;AJGP%`=EI%;R%V!G>>R% =\%N@M%>@@S%;E%=E% =A%EI;E%`;NR%DIG%I;DR%QME%=\%N@M%>@@S%;E%=E%\?@<%;%P=\\G?GAE%HG?DHGLE=CG%EIGA%DIG%I;DAiE_X% $IG% BMGDE=@A% =D% @A>N% `IGEIG?%`G% ;?G% L@AEGAE%`=EI% DMLI% ;A%;AD`G?_%%

$I=DR% ;J;=AR% Q?=AJD% @ME% EIG% P=DE=ALE=@A% .% I;CG% <;?SGP% QGE`GGA%E;>S=AJ% ;Q@ME% LI;AJG% =A% ;% $(,-54$43&% ;AP% ;A% 4-$(,-54$43&% DGADG_% .%<;N%H@=AE% E@% DHGL=\=L% \G;EM?GD% EI;E% I;CG% LI;AJGP% ;AP% ;?G% P=\\G?GAE% =A% ;%HG?D@A% =A% EIG% \=?DE% DGADGR% QME% .% <;N% ;>D@% EG>>% D@<G@AG% Vj@M% I;CG%LI;AJGPoX%@?%V&CG?NEI=AJ%I;D%LI;AJGPXR%=A%EIG%DGL@AP%DGADGR%=A%`I=LI%EIG%=<H@?E;AE%EI=AJ%=D%A@E%EI;E%.%;<%;Q>G%E@%DHGL=\N%`IG?G=A%EIG%LI;AJG%>=GD_% .E% =D% @A>N% EI;E% A@`% EI=AJD% >@@S% P=\\G?GAE_% !IGA% #?=DE@E>GR%,MDDQ;M<R%;AP%D@%@AR%E;>S%;Q@ME%LI;AJG%EIGN%@A>N%DGG<%E@%E;>S%;Q@ME%=E%=A%EIG%\=?DE%DGADG_%$I=D%=JA@?GD%EIG%\;LE%EI;E%EIG%L@ALGHE%@\%LI;AJG%=D%A@E%<G?G>N%;%.&5@(4H$43&R%QME%@\EGA%;%-#(',$43&%L@ALGHE_%$IG%BMGDE=@A%=D%A@E%@A>N%%#7%`G%<;N%?G;LE%E@%LI;AJGD%=A%>@CGR%QME%7%,$%`G%<;N%?GJ;?P%;D% ;% ?G>GC;AE% LI;AJG% =A% >@CG_% TM?EIG?<@?GR% EIG?G% =D% ;%BMGDE=@A% ;Q@ME%`I;E%S=APD%@\%LI;AJGD%;?G%GgL>MPGP%\?@<%@M?%HG?DHGLE=CG%=A%>@CG_%%

'GE% <G% Q?=AJ% @ME% E`@% `;ND% @\% DHG;S=AJ% ;Q@ME% ;AP% ?G>;E=AJ% E@%LI;AJG% E@%`I=LI% EIG% A;??;E@?% @\% WG;AGEEG%!=AEG?D@AiD%M(4$$&-! #-! $%&!R#.)% J=CGD% C@=LG% `IGA% IG% @?% DIG% ?GDH@APD% E@% I=D% @?% IG?% J=?>\?=GAP%W;LBMG>=AGiD%BMGDE=@A%`IGEIG?%IG%@?%DIG%`;D%DGG=AJ%;A@EIG?%`@<;A_%%

.% <M<Q>GP% D@<GEI=AJ% ;Q@ME% NGD% ;D% MDM;>% QME% EI=AJD% I;P%LI;AJGP_% $".,h/% "#Y% :"#,h&YR% `I;E% ;A% ;?DGI@>G%L@<<GAER% .% I;P% LI;AJGP% EI=AJD_% $I=AJD% P@AiE% LI;AJGR% EIGNi?G%

> $# % . + $3 K ' ! 3#$$( ! ' % #9 ! 7 ' ! $#,? !

!

< < @ !

A@E%>=SG%EIG%DG;D@AD%<@C=AJ%@A%;%P=M?A;>%?@MAP_%OG@H>G%LI;AJG%EI=AJD_% $IG?G% ;?G% C=LE=<D% @\% LI;AJG% QME% A@E% C=LE=<D% @\% EI=AJD_%!IN% P@% .% L@>>MPG% E@% EI=D% <=DMDG% @\% >;AJM;JGZ% .% L;AiE% <;SG% =E%G;D=G?%\@?%W;LBMG>=AG%I@`GCG?%.%HME% =E_% .%L;A%<;SG% =E%;%Q=E%G;D=G?%\@?%<G%;AP%.%DMHH@DG%EI;EiD%`I;E%.i<%P@=AJ_% a!=AEG?D@A%6FF7QR%58452b%

.A%@EIG?%`@?PDR%`IGA%`G%E;>S%;Q@ME%EIG%S=AP%@\%LI;AJGD%>@CG%<;N%@?%DI@M>P% GAPM?GR% `G%<;NR% @A% EIG% @AG% I;APR% EI=AS% ;Q@ME% EIG% LI;AJGD%;?@MAP%<GR%=A%EIG%D=EM;E=@A_%*A%EIG%@EIG?%I;APR%`G%<;N%DHG;S%;Q@ME%LI;AJGD% =A% <G_% $I=D% P=DE=ALE=@A% L@M>P% QG% ?G;P% =A% EIG% >=JIE% @\%,MDDQ;M<iD%?G;P=AJ%@\%#?=DE@E>G%;D%H?GDGAE=AJ%MD%`=EI%;%IM<;A%>@CG%EI;E%%

PGD=?GD% EIG% =APGHGAPGAE% L@AE=AMGP% <@E=@AR% ?;EIG?% EI;A% EIG%=<<@Q=>=EN% @\% =ED% @Q^GLE_% vzw% .E% =D% EIG% >@CG% @\% D@<G@AG% `I@% =D%L@AEGAE% E@% >=CG% =A% ;% `@?>P% =A% `I=LI% @EIG?% QG=AJD% <@CG%EIG<DG>CGD% t`I@% PGD=?GD% E@% L@AE=AMG% E@% QG% H;?E% @\% DMLI% ;%L@<H>Gg% `@?>PR% A@E% L@AE?@>>=AJ% EIG% `I@>G% QME% ;LE=AJ% E@`;?PD%;AP%QG=AJ%;LEGP%@A%QN%=ED%DGH;?;EG>N%<@C=AJ%H=GLGD_%a,MDDQ;M<%7138R%c58R%<N%G<HI;D=Db%

"@`GCG?R% EIG% ;Q@CG% BM@EG% QN%!=AEG?D@A%P@GD%A@E% @A>N% DHG;S% ;Q@ME%\=AP=AJ% ;% Q;>;ALG% QGE`GGA% EIG%`;ND% =A%`I=LI%`G%<;N% ;LE% MH@A% EIG%`@?>P% ;AP% QG% ;LEGP% @A% QN% =E_% .E% H@=AED% @ME% I@`% D=<H>N% ?GJ;?P=AJ%LI;AJGD% =A%@AGDG>\%;D%Q?@MJIE%;Q@ME%QN%;DHGLED%@\% EIG%`@?>P%<;N%QG%?GCG>;E@?N%@\%;%<@?;>%\;=>M?G_%$I=D%=D%A@E%E@%DMJJGDE%EI;E%`G%;?G%;>`;ND%VL?G;E@?D%@\%@M?%@`A%\;EGX%@?%V^MPJGD%@\%@M?%;LE=@ADXR%;AP%EI;E%EIG%H?G4P@<=A;AE%\G;EM?G%@\%IM<;A%QG=AJD%=D%@M?%;Q=>=EN%E@%,@$!#-%EIG%`@?>P_%.%;J?GG% `=EI% ,MDDQ;M<% =A% ?G^GLE=AJ% EI=D% HI=>@D@HI=L;>% H=LEM?G_%,GCG?EIG>GDDR% =E% ;HHG;?D% EI;E% @HG?;E=AJ% D=<H>N% `=EI% EIG% P=DE=ALE=@A%QGE`GGA%;LE=AJ%;AP%QG=AJ%;LEGP%@AR%>G;CGD%@ME%EIG%<@?;>%D=JA=\=L;ALG%`G%;EE;LI%E@%D@<G@AG%I;C=AJ%LI;AJGP_%%

l@A;>P% '_% ";>>% ?=JIE>N% L?=E=L=eGD% ,MDDQ;M<iD% ;LL@MAE% \@?% @A>N%J=C=AJ%;A%GgEG?A;>%PGDL?=HE=@A%@\% EIG%P=\\=LM>E=GD%`G%<=JIE%I;CG%`=EI%?GDHGLE% E@% EIG% =APGEG?<=A;LN%@\% >=\G_%/IG%H?=<;?=>N%DHG;SD%@\%GgEG?A;>%L@AE=AJGAL=GDR%;Q@ME%EI;E%`I=LI%I;HHGAD%E@%MD_%&CGA%`IGA%DIG%EM?AD%E@%\G;EM?GD%@\%@M?%>=\G%EI;E%L;A%QG%D;=P%E@%QG%=AEG?A;>%E@%@M?%HDNLI@>@JNR%DMLI%;D%@M?%G<@E=@AD653%;AP%X?GDH@AD=CGAGDDXR%;D%`G>>%;D%@M?%LI;?;LEG?R%DIG% E?G;ED% EIG<% ;D% GgEG?A;>% E@% MDR% =A% EI;E% EIGN% ;?G% A@E% `=EI=A% @M?%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%653% }MGDE=@A=AJ% EIG% DE;Q=>=EN% @\% EIG% H?@<=DG% @\% >@CG% DGG<D% E@% QG% @AG% @MEL@<G% @\%?GJ;?P=AJ%>@CG%;D%;A%G<@E=@A_%V.\%=E%`;D%@M?%G<@E=@AD%EI;E%J@E%MD%=AE@%>@CG%=A%EIG%\=?DE%H>;LGXR%@AG%<;N%QG%=AL>=AGP%E@%EI=ASR%V`IN%L@M>P%EIGN%A@E%E;SG%MD%@ME%@\%=E%E@@ZX%

2 & ( $ + $ 3 !

! !

< B G !

@#-$(#8_%!IGA%DIG%DHG;SD%@\%LI;AJGD%=A%<G%DIG%H?=<;?=>N%DHG;SD%@\%EIG%`;N%=A%`I=LI%.%;<%LI;AJGP%QN%;%D=EM;E=@A%=A%`;ND%EI;E%<;SG%=E%D@MAP%;D%=\%EI=D%`;D%@A>N%;%<;EEG?%@\%;%H5)@%#8#+4@,8%LI;AJG_%.A%EI;E%`;NR%DIG%P@GD%A@E% >G;CG%<MLI%?@@<%\@?%`I;E%`G%<=JIE%L;>>%<@?;>%P=\\=LM>E=GDR%`G;SAGDDR%\;=>M?GDR%P@MQED%;AP%EG<HE;E=@AD_%$IGDG%?;EIG?%?G>;EG%E@%EIG%`;ND%=A%`I=LI%<N%HG?DHGLE=CG%@A%;%D=EM;E=@A%<;N%LI;AJGR%`I=LI%L;A%QG% PGDL?=QGP% ;D% ;% '#(,8% LI;AJGR% ?G<=AP=AJ% MDR% ;J;=AR% @\% <N%?GDH@AD=Q=>=EN%\@?%I@`%.%?GJ;?P%;%D=EM;E=@A_%

KN%`@??=GD%;Q@ME%EIG%\MEM?G%<;NR%;D%=E%`G?GR%A@E%@A>N%L@ALG?A%EIG%MA>MLSN% GCGAED% EI;E% <;N% QG\;>>% <G_% &CGA% EI@MJI% .% <=JIE% ?GL@AL=>G%<NDG>\%`=EI%\;EGR%;AP%`=EI%EIG%\;LE%EI;E%.%<;N%>@DG%N@MR%.%<;N%DE=>>%\G;?%EI;E%.%<NDG>\%<;N%P@%D@<GEI=AJ%EI;E%L@M>P%>G;P%<G%E@%>@D=AJ%N@MR%EI;E%.%L@M>P%?M=A%`I;E%`G%I;CG%QN%QGE?;N=AJ%<N%H?@<=DGD_%$IGDG%S=APD%@\%\;=>=AJD%;?G%A@E%^MDE%D@<GEI=AJ%EI;E%I;HHGAD%E@%<G_%lGJ;?P=AJ%EIG<%=A%EI;E% `;NR% ;D% ;% HDNLI@>@J=L;>% HIGA@<GA@AR% <=DDGD% EIG% ;QD@>MEG%D=JA=\=L;ALG%SGGH=AJ%<N%H?@<=DGD%;AP%QG=AJ%E?MG%E@%N@M%I;CG%\@?%<G_%$IG?G\@?GR% =E% =D% =<H@?E;AE% E@% A@EG% EI;E%<@?;>=ENR% ;AP% >@CG% =A% QG=AJ% ;%<@?;>% ?G>;E=@AR% Q?=AJD% ;% P=\\G?GAE% P=<GAD=@A% =AE@% EIG% P=DLMDD=@A% @\%`I;E% =D% @HGA% E@%MD% ;AP%`I;E%<;N% L@MAE% ;D% ;% L?ML=;>% LI;AJG% =A% >@CG%EI;A%EIG%@AGD%@\\G?GP%E@%MD%QN%,MDDQ;M<iD%;LL@MAE_%'@CGR%;D%=E%`G?GR%E?;AD\@?<D%`I;E%`G%HG?LG=CG%,5% LI;AJG_%$IG?G%;?G%;DHGLED%@\%<N% >=\G%EI;E% I;CG% EIG% <G;A=AJ% EI;E% EIGN% I;CG% =A% EIG% >=JIE% @\% <N% <@?;>%L@<<=E<GAED_%%

+ + !9*#2+'&'!($-!9*&-+"%+#$'!

*AG%BM=EG%L@<<@A%LI;?JG%;J;=ADE%;DDG?E=@AD%EI;E%A@EI=AJ%`=>>%I;HHGA%E@% ;% H;?E=LM>;?% ?G>;E=@ADI=H% =D% E@% ;DS%I@`%`G% L;A% QG% @&($,4-% EI;E% EI=D%`=>>%A@E%QG% EIG%L;DG_%$IG?G% =DR%@AG% D;NDR%A@%`;N%@\%C-#74-+%`I;E% >=\G%`=>>% Q?=AJ% `=EI% =ER% `IGEIG?% `G%`=>>% GAP% MH% Q=EEG?% @?% ?GDGAE\M>_% $I=D%P@MQE%<;N%;>D@%QG%GAEG?E;=AGP%;Q@ME%<;??=;JG%;D%;%`I@>GR%;D%@AG%<;N%`@APG?%I@`%`G%L;A%H?@<=DG%E@%>@CG%`IGA%`G%P@%A@E%SA@`%=E%=D%J@=AJ%E@%>;DEZ%%

$I=D% =D% EIG% <;=A% L@ALG?A% \@?% <;AN% @\% EIG% L@AEG<H@?;?N%HI=>@D@HIG?D% P=DLMDD=AJ% EIG% <;??=;JG% C@`_% Y;A% K@>>G?% a6FFcbR% \@?%=ADE;ALGR% aEIG@?GE=L;>>Nb%;?JMGD%;J;=ADE%<;??=;JG%QN%H@=AE=AJ%@ME% EI;E%<;??=;JGD% \?GBMGAE>N% \;=>_% :@AD=PG?=AJ% EIG% I=JI% HG?LGAE;JG% @\%<;??=;JGD% EI;E% GAP% MH% >@CG>GDD% @?% =A% ;% P=C@?LGR% IG% ;?JMGD% EI;E% EIG%H?@Q;Q=>=EN%@\%DMLLGGP=AJ%=A%L;??N=AJ%@ME%@AGiD%H?@<=DG%E@%>@CG%=D%BM=EG%>@`R%;APR% EIG?G\@?GR% EI;E% EI=D%<;N%A@E%QG%;%`@?EI`I=>G%GAPG;C@M?% E@%

> $# % . + $3 K ' ! 3#$$( ! ' % #9 ! 7 ' ! $#,? !

!

< B ; !

HM?DMG_% V.\% `G% <;??NR% `G% L;AA@E% QG% `I;E% @AG% <=JIE% PGDL?=QG% ;D%(&,5#-,?8)!50(&% EI;E%`G%`=>>%A@E%\=AP%@M?DG>CGD%<@?;>>N%L@<<=EEGP%E@%;%HG?<;AGAE% ?G>;E=@ADI=H%`=EI% D@<G@AG%`G% P@% A@E% >@CGX% aK@>>G?% 6FFcR%37b_%%

.PP@% ';AP;M% a6FFmbR% L?=E=L=eGD% K@>>G?R% QME% DE=>>% HM?DMGD% EIG% D;<G%S=AP% @\% ;?JM<GAE% QN% ;?JM=AJ% EI;E% <;??=;JG% <;N% =APGGP% QG% ;%`@?EI`I=>G%GAPG;C@M?_%W@IA%!=>D@A%a7111b%;>D@%G<HI;D=eGD%EIG%H>;LG%@M?%;Q=>=EN%E@%H?GP=LE%EI;E%@M?%;\\GLE=@A%\@?%D@<G@AG%`=>>%>;DE%I@>PD%=A%>@CG_% "G% =D% V?G;D@A;Q>N% L@A\=PGAE% EI;E% H?@<=D=AJ% E@% >@CG% ;A@EIG?% =D%>@J=L;>>N% =A% @?PG?R% ;AP% EI;E% =E% =D% 5#'&$4'&5% G<H=?=L;>>N% DGAD=Q>GX%a!=>D@A%7111R%58cb_%$IMDR%EIG%;=<%@\%EIG=?%;?JM<GAED%=D%E@%DI@`%EI;E%=E%=D%G=EIG?%I=JI>N%MA>=SG>N%EI;E%;AN@AG%L@M>P%SGGH%EI=D%H?@<=DGR%@?%EI;E%=E%=D%DE=>>%>=SG>N%EI;E%D@<GQ@PN%L@M>P_%%

$IG%\=?DE%BMGDE=@AD%`G%<;N%?;=DG%IG?G%=D%`I;E%=E%<;N%<G;A%E@%E;>S%;Q@ME% SA@`>GPJG% @?% LG?E;=AEN% =A% EIGDG% L;DGD_% $IG?G% ;?G% D=EM;E=@AD% =A%`I=LI%=E%<;N%QG%;LLM?;EG%E@%D;N%EI;E%`G%P@%A@E%SA@`%EI;E%GCG?NEI=AJ%`=>>% EM?A% @ME% \@?% EIG% QGDE_% /;N=AJ% EI=D% <;N% QG% ;% ?G<=APG?% EI;E% `G%L;AA@E%E;SG%>@CG%\@?%J?;AEGPR%`I=LI%=D%;%A@E=@A%.%`=>>%?GEM?A%E@%DI@?E>N_%,GCG?EIG>GDDR% EIG?G% ;?G%@EIG?% D=EM;E=@AD% =A%`I=LI%`G%P@%A@E%AGGP% E@%BMGDE=@A%EIG%LG?E;=AEN%`=EI%`I=LI%D@<G@AG%D;NDR%VEI;E%`@AiE%I;HHGA%E@%MDX_%%

.A%EIG%;Q@CG%<GAE=@AGP%Gg;<H>G%`G%<=JIE%`G>>%=<;J=AG%@AG%@\%EIG%>@CG?D% ;DS=AJR% V"@`%P@% N@M% SA@`% @M?% >@CG%`=>>% A@E%<GGE% EIG% D;<G%\;EG%;D%EIG=?DZX%;AP%EIG%@EIG?%?GH>N=AJR%V.% ^MDE%P@X_%#D%`G%I;CG%DGGAR%H?GDD=AJ% EIG%H@=AE% EI;E% EIG%@AG%`I@% D;ND% V.% ^MDE%P@X%P@GD%A@E% ?G;>>N%SA@`%<;N%?GCG;>%@AGiD%P@MQED%;Q@ME%@AGiD%@`A%@?%EIG%@EIG?iD%>@CG_651%TM?EIG?<@?GR%.%I;CG%;?JMGP%EI;E%=E%=D%GgH?GDD=CG%@\%;%P=\\G?GAE%S=AP%@\%<=DMAPG?DE;AP=AJR% EI=D% E=<G% ;% HI=>@D@HI=L;>% @AGR% E@% EI=AS% EI;E%SA@`>GPJG% @A>N% L@AD=DED% =A% I;C=AJ% =A\@?<;E=@A% @?% H?@@\% EI;E%D@<GEI=AJ% =D% EIG% L;DG_% $I=D% P@GD% A@E% H;N% ;EEGAE=@A% E@% EIG% P=\\G?GAE%DGADGD%=A%`I=LI%`G%<;N%DHG;S%;Q@ME%VSA@`=AJX_%.A%EI=D%L;DGR%EIGAR%=E%=D%=<H@?E;AE%E@%A@EG%EI;E%EIG%E`@%HG?D@AD%GgH?GDD%P=\\G?GAE%;EE=EMPGD%E@%>@CG% QN% D;N=AJ% V.% SA@`X_%!IG?G;D% EIG% \=?DE% MEEG?;ALG% GgH?GDDGD% *&,(%;AP%,-L4&$)%;Q@ME%EIG%?G>;E=@ADI=HR%EIG%@EIG?%=D%;%(&,550(,-@&R%;%`;N%@\%4-5H4(4-+! %#H&% \@?% EIG% \MEM?GR% GgH?GDD=AJ% *,4$%% ;AP! $(05$% =A% EIG%?G>;E=@ADI=H_%$I=D%=D%D@<GEI=AJ%EI;E%EIG%;Q@CG%@Q^GLE=@AD%\;=>%E@%A@E=LG_%%

$IG%S=AP%@\%SA@`>GPJG%;PP?GDDGP%QN%EIGDG%P=DLMDD=@AD%=D%<@PG>>GP%@A% `I;E% L@M>P% QG% PGDL?=QGP% ;D% \;LEM;>% SA@`>GPJG_% :@AAGLE=AJ%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%651%/GG%LI;HEG?%7R%H_%2m\_%

2 & ( $ + $ 3 !

! !

< B D !

SA@`=AJ% D@<GEI=AJ% `=EI% <;S=AJ% D@MAP% ^MPJG<GAED% ;AP% I;C=AJ%GC=PGALG%\@?%EI=AS=AJ%EI;E%D@<GEI=AJ%`=>>%QG%EIG%L;DGR% EIGN%<;SG%EIG%?G;D@A;Q>GAGDD%@\%<;S=AJ%H?@<=DGD%PGHGAPGAE%@A%@M?%;Q=>=EN%E@%@\\G?&H?GP=LE=@AD_% )ME% H?@<=D=AJ% E@% >@CG% N@MR% @?% D;N=AJ% EI;E% A@EI=AJ% `=>>%I;HHGA% E@% <N% >@CGR% =D% -#$% EIG% D;<G% ;D% H?GP=LE=AJ% EI;E% .% `=>>% P@%D@<GEI=AJ_% .E% =D%A@E% ;% DE;EG<GAE% ;Q@ME% EIG%H?@Q;Q=>=EN%@\%<N% DE;N=AJ%`=EI%N@MR%P?;`A% \?@<%<N%@QDG?C;E=@AD%@\%<NDG>\% ?G;LE=AJ% =A%LG?E;=A%`;ND% ;AP% L@<=AJ% E@% EIG% L@AL>MD=@A% EI;E% L@AD=PG?=AJ% EIGDG% P=\\G?GAE%;DHGLED% @\%<N% LI;?;LEG?R% .%`=>>% L@AE=AMG% E@% ;LE% ;AP% ?GDH@AP% =A% EIGDG%`;ND%=A%EIG%\MEM?G_%l;EIG?%.%;<%<;?S=AJ%EIG%HG?DHGLE=CG%;J;=ADE%`I=LI%.% ^MPJGR% ;AP%`;AE% @EIG?D% E@% ^MPJGR%<N% ;LE=@AD% ;E% H?GDGAE% ;AP% =A% EIG%\MEM?G_%.%;<%GgH?GDD=AJ%<N%$(05$%=A%EIG%?G>;E=@ADI=H%;AP%<N%74884-+-&55%EI;E%=E%L@AE=AMGD_%a:\_%#DIP@`A%7115R%788_b%%

$I=D%=D%A@E%E@%;?JMG%EI;E%@M?%;Q=>=EN%E@%<;SG%H?GP=LE=@AD%<;N%H>;N%A@% H;?E% =A% EIG% H?@<=DGD% EI;E%`G% J=CG% ;AP% =A% ^MPJ=AJ% @EIG?% HG@H>GiD%H?@<=DGD_% .E% =D%;% ?G<=APG?% EI;E% EIG?G%;?G% =<H@?E;AE%P=DE=ALE=@AD% E@%QG%<;PG%QGE`GGA%EIG%E`@R%;AP%EI;E%EIG?G%;?G%`;ND%@\%E;>S=AJ%;Q@ME%\MEM?G%;LE=@AD% ;AP%GCGAED% EI;E%P@%A@E% E;SG% EIG% \@?<%@\% H?GP=LE=AJ_%!G%<;N%<;?S% @M?% ;EE=EMPG% E@`;?PD% \MEM?G% I;HHGA=AJD% QN% DHG;S=AJ% ;Q@ME%`=DI=AJR% `;AE=AJR% I@H=AJR% =AEGAP=AJ% @?% H>;AA=AJ_% K;?S=AJ% EIG%P=DE=ALE=@AD%QGE`GGA%EIGDG%;EE=EMPGD%<;N%DG?CG%;D%MDG\M>%G>ML=P;E=@AD%\@?%EIG%H?GDGAE%P=DLMDD=@A_%%

:@AD=PG?%EIG%\@>>@`=AJ%L;DG_%!G%;?G%P=DLMDD=AJ%`I@%DI@M>P%QG%EIG%>G;PG?% @\% ;% H?@^GLE% PM?=AJ% ;% J?@MH%<GGE=AJ% ;E%`@?S_%j@M% D;NR% VW@IA%@\\G?GP%E@%P@%=E_X%.%D;NR%V,@R%A@E%W@IA_%"G%;>`;ND%E;SGD%@A%<@?G%EI;A%IG%L;A%I;AP>G_X%"G?GQN%.%<;N%=<H>N%EI;E%N@M%DI@M>P%A@E%E;SG%W@IA%;E%I=D%`@?PR% D=ALG% IG% MDM;>>N% H?@<=DGD%<@?G% EI;A% IG% SGGHD_% $I=D%<;N%GgH?GDD% ;% P@MQE% ;Q@ME% EIG% D=ALG?=EN% @\% I=D% H?@<=DG_% ,GCG?EIG>GDDR% .%<;N% ;>D@% EI=AS% IG% =D% D=ALG?G% QME% DE=>>% I;CG% P=\\=LM>EN% ;LLGHE=AJ% I=D%`@?PD%Q;DGP%@A%<N%H?GC=@MD%GgHG?=GALG%@\%I=<%=A%D=<=>;?%D=EM;E=@AD_%.%<;N% ;>D@% L@<G% E@% D;N% D@<GEI=AJ% D=<=>;?% ;Q@ME%<NDG>\R% HG?I;HD%;D% ;%L@ADGBMGALG%@\%HG@H>G%?GHG;EGP>N%H@=AE=AJ%@ME%EI=D%EGAPGALN%@\%<=AG%E@%<G_%.%<;N%D;NR%V.%`@M>P%>=SG%E@%H?@<=DG%N@M%EI=DR%QME%.%SA@`%.%`@AiE%QG% ;Q>G% E@% SGGH% =E_X% .A% <;S=AJ% ;% H?GP=LE=@A% @\% EI=D% S=APR% .% L;A% QG%PGDL?=QGP% ;D% H@=AE=AJ% @ME% D@<GR% I=DE@?=L;>% @?% HDNLI@>@J=L;>R% \;LED%;Q@ME%<GR%^MDE%;D%<N%\@?<G?%^MPJG<GAE%;Q@ME%W@IA%`;D%;%?GDH@ADG%E@%D@<G% \;LED% ;Q@ME% I=<_% .% I;CG% QGL@<G% ;`;?G% EI;E% .% EGAP% E@% ?G;LE% =A%LG?E;=A%`;NDR%;AP%.%;<%J=C=AJ%C@=LG%E@%EI=D%;`;?GAGDD_%.\%.%P@%A@E%DGG%`IN% EI=D% EGAPGALN% @\%<=AG%<;N% >G;P% HG@H>G% A@E% E@% E;SG%<N%`@?PD%DG?=@MD>NR%.%L;A%QG%D;=P%E@%QG%Q>=AP%E@%`I;E%=E%=D%.%;<%D;N=AJ%;AP%P@=AJR%

> $# % . + $3 K ' ! 3#$$( ! ' % #9 ! 7 ' ! $#,? !

!

< B < !

G=EIG?%=A%EIG%DGADG%EI;E%.%;<%<=D^MPJ=AJ%<N%@`A%L;H;L=EN%E@%P@%EI=AJDR%@?%=A%EIG%DGADG%EI;E%.%;<%PGLG=C=AJ%<NDG>\%;Q@ME%=E_%%

/=<=>;?% L@AD=PG?;E=@AD% <;N% ;>D@% SGGH% <G% \?@<% L@<<=EE=AJ% E@%D@<G@AG% =A% >@CG_% .% <;N% \GG>% EI;E% EI;E% <N% IG;?E% =D% A@E% =A% =E% @?% EI;E%LG?E;=A%H@DD=Q=>=E=GD%;?G%@ME%@\% EIG%BMGDE=@A% \@?%<G_%$I=D%S=AP%@\% DG>\4;`;?GAGDDR% I@`GCG?R% P@GD% A@E% GgL>MPG% EI;E% .% @AG% P;N%<;N% L@<G% E@%?G;LE%=A%`;ND%EI;E%.%L@M>P%A@E%=<;J=AG_%!I;E%`;D%@ALG%L@<H>GEG>N%@ME%@\%EIG%BMGDE=@A%<;N%;HHG;?%;D%EIG%<@DE%A;EM?;>%EI=AJ%E@%<G%D@<G%P;N_%/I;?@A%l=PG?% a7113b% J=CGD% ;A% Gg;<H>G% @\% ;%<;A%`I@R%`I=>G% H=LS=AJ%@ME%EIG%`GPP=AJ%P?GDD%\@?%I=D%H?@DHGLE=CG%Q?=PGR%=D%DMPPGA>N%DE?MLS%QN%EIG% EI@MJIE% EI;E% IG% P@GD% A@E% L;?G% ;Q@ME% =E% @?% ;Q@ME% IG?_% #D% ;%L@ADGBMGALG%IG%`;>SD%@ME%@A%IG?%;AP%EIG%`GPP=AJ_%/@<G%NG;?D%>;EG?R%I@`GCG?R%IG%\=APD%I=<DG>\%H?;LE=L;>>N%DHG>>4Q@MAP%QN%;A@EIG?%`@<;A%al=PG?%7113R%7554758b_%KN%A@E%\GG>=AJ%;Q>G%E@%J=CG%;A@EIG?%;%H?@<=DG%@\%>@CG% ;E% @AG% E=<GR% EIG?G\@?GR% P@GD% A@E% ?M>G% @ME% J=C=AJ% =E% E@% ;A@EIG?%HG?D@A%;E%;A@EIG?%E=<G_%*\%L@M?DGR%EI=D%<;N%QG%;%Q=EEG?%?G;>=e;E=@A%\@?%EIG%@AG%.%L@M>P%A@E%<;??N_%#D%/;>>N%>;<GAED%=A%;%DLGAG%=A%M%&-!],(()!:&$!P,88)!a7131be%V#>>%EI=D%E=<G%.iCG%QGGA%D;N=AJ%EI;E%IG%P=PAiE%`;AE%E@%JGE%<;??=GP_%)ME% EIG%E?MEI% =DR%IG%P=PAiE%`;AE%E@%<;??N%<G_%"G%P=PAiE%>@CG%<G_X%%

!IGA%.%;<%>@@S=AJ%;E%<N%;LE=@AD%=A%;%H?GP=LE=CG%<@PG%.%;<%E;S=AJ%;% EI=?P% HG?D@A% HG?DHGLE=CG% @A% EIG<_% .% C=G`% <N% ;LE=@AD% \?@<% EIG%@MED=PGR% L@AD=PG?=AJ% EIG<% E@% QG% GCGAED% =A% EIG%`@?>P_%!IGA% .% D;NR% V.%`@M>P%AGCG?%P@%EI;EX%@?%V$I;E%`@M>P%AGCG?%I;HHGA%E@%MDXR%I@`GCG?R%.%;<%A@E%<;S=AJ%;%\;LEM;>%DE;EG<GAE_%.%;<%A@E%L@<<GAE=AJ%@A%<N%`;ND%@\% ;LE=AJ% ;D% \;LED% =A% EIG%`@?>Pn% .% ;<% E;S=AJ% ;% DE;AP% @A% EIG<R% ;D% EIG%;MEI@?%@\%EIGDG%\;LED_%.%;<%GgH?GDD=AJ%<N%HG?DHGLE=CG%@A%EIG%D=EM;E=@AR%J=C=AJ%C@=LG% E@%<N%C=G`%@\% EIG% ;LE=@AR% ;D% =E%`G?GR% \?@<%`=EI=A_% $I=D%<MLI% D;=PR% .% ;<% @\% L@M?DG% A@E% EIG% @A>N% @AG% E@% PGEG?<=AG%`I;E% <N%;LE=@AD%`=>>%QG%@?%<G;A_%.E%=D%=A%EIG%L@M?DG%@\%EIG%>=\G%EI;E%`G%>G;P%`=EI%G;LI% @EIG?% EI;E% @M?% ;LE=@AD% I;CG% <G;A=AJ_% #D% `G% D;`% G;?>=G?R% <N%;MEI@?=EN% =A% D;N=AJ% @?% H?@<=D=AJ% LG?E;=A% EI=AJD% <;N% ;>D@% QG%MAPG?<=AGP%QN%LG?E;=A% \;LED%;Q@ME%<NDG>\_%$IG% E`@%HG?DHGLE=CGD%;?GR%EIG?G\@?GR% A@E% GgL>MD=CG_% .A% ;% L@AL?GEG% D=EM;E=@A% EIG?G% =D% @\EGA% ;%P=;>GLE=L% QGE`GGAR% @A% EIG% @AG% I;APR% `I;E% .% I;CG% >G;?AGP% E@% SA@`%;Q@ME%<NDG>\% ;AP% I@`% .%<=JIE% ;LE% =A% LG?E;=A% D=EM;E=@ADR% ;APR% @A% EIG%@EIG?% I;APR% `I;E% .% DH@AE;AG@MD>N% ?GDH@AP% E@% ;D% PG<;APD% =A% EIG%D=EM;E=@A_%%

.A% EIG% DGADG% EI;E% <N% H?@<=DG% L;A% QG% PGDL?=QGP% ;D% ;% `;N% @\%L@<<=EE=AJ%<NDG>\%E@%;%LG?E;=A%HG?DHGLE=CG%@A%<N%;LE=@AR%D;N=AJ%EI;E%A@EI=AJ%`=>>%I;HHGA%@?%H?@<=D=AJ%EI;E%=E%`@AiER%=D%<MLI%<@?G%L>@DG>N%

2 & ( $ + $ 3 !

! !

< B B !

L@AAGLEGP% `=EI% GgH?GDD=AJ% ;A% =AEGAE=@A% EI;A% `=EI% <;S=AJ% ;%H?GP=LE=@A_%.A%Q@EI%EIGDG%L;DGDR%`G%L;AA@E%DGH;?;EG%`I;E%.%L;A%QG%D;=P%E@% P@% \?@<% `I;E% .% =AEGAPGP% @?% H?@<=DGP% E@% P@_% .A% EI;E% DGADGR% EIG%?G>;E=@A%QGE`GGA%<N%=AEGAE=@A%@?%H?@<=DG%;AP%<N%DMQDGBMGAE%;LE=@A%=D%;A%=AEG?A;>%@AGR%;AP%A@E%;A%GgEG?A;>%@AGR%D;NR%;%L;MD;>%?G>;E=@A_%$IG%=AEGAE=@A%@?%H?@<=DGR%;D%=E%`G?GR%=D%A@E%;A%GCGAE%EI;E%J=CGD%?=DG%E@%EIG%;LE=@A_%!I;E% .% =AEGAP% @?% H?@<=DG% E@% P@% =D% ?;EIG?% L@ADE=EME=CG% @\% EIG%<G;A=AJ%<N%;LE=@AD%<;N%I;CG%\@?%MD_%.E%=D%;J;=ADE%EIG%Q;LSJ?@MAP%@\%<N% H?@<=DG% EI;E% =E% =D% <G;A=AJ\M>% E@% PGDL?=QG% `I;E% .% P@% ;D% G=EIG?%SGGH=AJ%;%H?@<=DG%@?%Q?G;S=AJ%=E_%:@ACG?DG>NR%<N%PGEG?<=A;E=@A%EI;E%V.%`@M>P%AGCG?%P@% D@<GEI=AJ% >=SG% EI;EXR% DMLI%;D%QG=AJ%MA\;=EI\M>% @?%QGE?;N=AJ% N@M?% E?MDER% GgH?GDDGD% `I;E% .% MAPG?DE;AP% EIGDG% `;ND% @\%;LE=AJ% E@% QG_% .E% =D% A@E% H@DD=Q>G% E@% DGH;?;EG% EIG% <G;A=AJ% VQG=AJ%MA\;=EI\M>X%@?%VQGE?;N=AJ%N@M?%E?MDEX%I;CG%E@%<G%\?@<%<N%PGD=?G%A@E%E@%IM?E%N@M_%%

"@`GCG?R%EIG?G%;?G%;>D@%=<H@?E;AE%P=\\G?GALGD%E@%QG%<;PG%QGE`GGA%<;S=AJ%;%H?@<=DG% ;AP%GgH?GDD=AJ%;A% =AEGAE=@A_%KN% =AEGAE=@A% L;A%QG%PGDL?=QGP% ;D% ;% ?GD@>MEGAGDD% E@% P@% LG?E;=A% EI=AJDR% QME% EIG% H?@<=DG% E@%>@CG% =D% A@E% ;% H?@<=DG% E@% P@% ;ANEI=AJ% =A% H;?E=LM>;?_% .% <;N% I;CG% ;A%=AEGAE=@AR% ;D% ';AP;M% D;=PR% E@% GAJ;JG% =A% V>@CG% DMDE;=A=AJ% ;LE=C=E=GDXR%QME% =\% EIGDG% ;LE=C=E=GD% ;?G% ;>>% EIG?G% =D% E@% <N% >@CGR% EIG?G% =D% ;% PG\=A=EG%BMGDE=@A%`IGEIG?%.%E?M>N%>@CG_%#D%`G%I;CG%DGGA%@A%DGCG?;>%@LL;D=@ADR%>@CG% L;AA@E% QG% ?GPMLGP% E@% HG?\@?<=AJ% LG?E;=A% ;LE=@AD_% $IG% DH=?=E% =A%`I=LI%.%P@%LG?E;=A%EI=AJD%=D%L?ML=;>%\@?%MAPG?DE;AP=AJ%`I;E%=E%=D%.%P@%=A%EIG%>=JIE%@\%>@CG_%

.\%`G%E;SG%;LL@MAE%@\%EIGDG%P=\\G?GALGD%QGE`GGA%<;S=AJ%;%H?@<=DG%;AP%;%H?GP=LE=@AR%=E%DI@M>P%QG%L>G;?%EI;E%EIG%BMGDE=@A%`IGEIG?%`G%L;A%@?% DI@M>P% <;SG% EIG% S=APD% @\% H?@<=DGD% `G% P@% =A% >@CG% ;AP% =A% @M?%`GPP=AJ% C@`D% =D% A@E% PGHGAPGAE% @A% @M?% ;Q=>=EN% E@% H?GP=LE% \MEM?G%GCGAED_%$IG%HI=>@D@HI=L;>%BMGDE=@AR%.%`@M>P%L>;=<R%=D%\M?EIG?<@?G%A@E%`IGEIG?%`G% L;A% @?% DI@M>P%<;SG% EIGDG% S=APD% @\% H?@<=DGDR% QME%`I;E%<G;A=AJ%=E%<;N%I;CG%<;SG%EIG<_%#%\M?EIG?%BMGDE=@A%=D%`I;E%S=APD%@\%L?=E=L=D<%`G%<;N%<G;A=AJ\M>>N%P=?GLE%;E%EIG%H?@<=DGD%`G%<;SG_%$IG?G%;?G%<;AN%`;ND%=A%`I=LI%`G%L;A%P@MQE%;%HG?D@AiD%D=ALG?=EN%=A%<;S=AJ%;%H?@<=DG%@?%QG%IGD=E;AE%E@%H?@<=DG%D@<GEI=AJR%`I=LI%P@%A@E%=AC@>CG%@M?%H?@\GDDGP%=A;Q=>=EN%E@%H?GP=LE%`I;E%=D%J@=AJ%E@%I;HHGA_%$I=D%Q?=AJD%@ME% EI;E% EIG%?G>GC;AE%BMGDE=@A% =A% >@CG% =D%A@E%@A>N%`IGEIG?%D@<GEI=AJ%L;A% L@MAE% ;D% ;% H?@<=DGR% @?%`IGEIG?%`G% ;?G% V^MDE=\=GPX% =A% H?@<=D=AJ%LG?E;=A%EI=AJDR%QME%=A%`I;E%`;N%.%L;A%QG%D;=P%E@%?&!4-%<N%H?@<=DGD%;AP%

> $# % . + $3 K ' ! 3#$$( ! ' % #9 ! 7 ' ! $#,? !

!

< B I !

?&! 54-@&(&% =A%<;S=AJ% EIG<R% ;D%`G>>% ;D% %,3&! *,4$%% =A% EIG% H?@<=DGD% N@M%<;SG%E@%<G_68F%%

$IG% H@=AE% .% I;CG%`;AEGP% E@% G<HI;D=eGR% I@`GCG?R% =D% EI;E% EIG% \;LE%EI;E%`G%P@%A@E%SA@`%`IGEIG?%D@<GEI=AJ%=D%J@=AJ%E@%QG%EIG%L;DGR%P@GD%-#$%EI?G;EGA%EIG%DGADG%@\%<;S=AJ%H?@<=DGD_%l;EIG?%EI=D%=APGEG?<=A;LN%=A% @M?% >=\G% =D% J?;<<;E=L;>>N% H?GDMHH@DGP% =A% @M?% <;S=AJ% H?@<=DGD_%K;S=AJ% H?@<=DGD% <;SGD% DGADG% ^MDE% QGL;MDG% `G% L;AA@E% H?GP=LE%GCG?NEI=AJ_%%

#D% ;% ?M>G% @\% EIM<Q% `G% <;NR% @\% L@M?DGR% D;NR% V@AG% DI@M>P% A@E%H?@<=DG%<@?G%EI;A%@AG%L;A%SGGHX_%*AG%DI@M>P%PG\=A=EG>N%A@E%H?@<=DG%E@%P@%D@<GEI=AJ%EI;E%@AG%C-#75%@AG%`=>>%A@E%?&!,?8&%E@%P@R%A@E%E@%DHG;S%@\%<;S=AJ% H?@<=DGD% @AG% P@GD% A@E% 4-$&-.% E@% SGGH_% ,GCG?EIG>GDDR% EI=D%P@GD%-#$!<G;A%EI;E%.%DI@M>P%@A>N%H?@<=DG%E@%P@%EI=AJD%.%SA@`%.%`=>>%P@%;AN`;N_%.E%=D%<@?G%E@%EIG%H@=AE%E@%D;N%EI;E%=E%=D%L@ADE=EME=CG%@\%@M?%E;>S%;Q@ME%H?@<=DGD%EI;E%.%H?@<=DG%E@%P@%EI=AJD%=A%L;DGD%=A%`I=LI%EIG?G%=D%?@@<%\@?%P@MQE=AJ%`IGEIG?%D@<GEI=AJ%=D%J@=AJ%E@%QG%EIG%L;DG_%.%<;SG%<N% H?@<=DGD% =A% ?GDH@ADG% E@% EIG% ?GL@JA=E=@A% EI;E% D@<GEI=AJ% =D%PG<;APGP%@\%<G_%O?@<=D=AJ% E@%P@% D@<GEI=AJ% .% ;AP%N@M%SA@`% .% ;<%J@=AJ%E@%P@%;AN`;N%=D%;A%G<HEN%JGDEM?G_%%

$IMDR%EIG%A@E=@A%@\%H?@<=D=AJ%;AP%QG=AJ%\;=EI\M>%@A>N%<;SGD%DGADG%=A%?G>;E=@A%E@%EIG%\;LE%EI;E%EI=AJD%;AP%HG@H>G%<;N%;AP%`=>>%LI;AJG_%.E%P@GD%A@E%L@ADE=EMEG%;%L@AE?;DE%E@%@M?%QG=AJ%EG<H@?;>R%LI;AJ=AJ%QG=AJDR%QME%=D%;%?GL@JA=E=@A%@\%EI=D%\;LE_%.\%@M?%>=\G%`G?G%DE;Q>G%;AP%H@DD=Q>G%E@%H?GP=LER% EIG% =PG;% @\% %#8.4-+! #-% E@% D@<GEI=AJ% `@M>P% A@E% I;CG% ;AN%\@@EI@>P_% $IG?G% `@M>P% QG% A@% AGGP% E@% E;>S% ;Q@ME% QG=AJ% \;=EI\M>R% @?%I;C=AJ% \;=EI% =A% >@CGR% =\% `G% I;P% ;% JM;?;AEGG% EI;E% GCG?NEI=AJ% `@M>P%L@AE=AMG%;D%=E%=D_%%

T?@<% EI=D% HG?DHGLE=CG% @M?% H?@<=DGD% E@% >@CG% L;A% QG% DGGA% ;D%GgH?GDD=AJ% ;% ?G;P=AGDD% E@% <;SG% LG?E;=A% `;ND% @\% ?G>;E=AJ% E@% G;LI%@EIG?p>@C=AJ>NR%@HGA>NR%\@?J=C=AJ>NpEIG%\@LMD%@\%@M?%?G>;E=@ADI=H%QN%L@AE?;DE%E@%EI=AS=AJ%EI;E%=E%J;=AD%DE;Q=>=EN%\?@<%MALI;AJ=AJ%\G;EM?GD%=A%@M?%HG?D@A;>=E=GD%@?%EIG%DM??@MAP=AJ%L=?LM<DE;ALGD_%$IG%BMGDE=@A%`=EI%`I=LI% G;LI% @AG% @\% MD% =D% \;LGP% =D% `I;E% `G% `;AE% E@% Q?=AJ% =AE@% EIG%LI;AJGDR%;AP% EIG%L;>>% E@% E;SG% ?GDH@AD=Q=>=EN% \@?% EIG%LI;AJGD%`G%Q?=AJ%;Q@ME% =A% EI=D%`;N_% .A% EI=D% ?GDHGLER% =E% =D% QGEEG?% E@% G<HI;D=eG% EI;E% @M?%?GDH@AD=Q=>=EN%=A%>@CG%=D%;>`;ND%?GAG`GPn%=E%=D%A@E%;%?GL@JA=E=@A%@\%EIG%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%68F%$I=D%;>D@%;>G?ED%MD%E@%EIG%P=\\G?GAE%S=APD%@\%BMGDE=@AD%EI;E%L;A%QG%?;=DGP%`=EI%?GDHGLE%E@%EIG%H>;LG%H?GP=LE=@AD%<;N%I;CG%\?@<%;%\=?DE%HG?D@A%;AP%EI=?P%HG?D@A%HG?DHGLE=CGR%;D%`G>>%;D% E@% EIG%S=APD%@\%P@MQED% .%<;N%GAEG?E;=A%;Q@ME%<NDG>\%SGGH=AJ%;%H?@<=DG%;AP%;Q@ME%;A@EIG?iD%P@=AJ%=E%_%%

2 & ( $ + $ 3 !

! !

< B C !

D;<G% PG<;AP% =A% ;% P=\\G?GAE% D=EM;E=@AR% QME% ;% ?GL@JA=E=@A% @\% EIG%H;?E=LM>;?%PG<;APD%@\%C;?N=AJ%D=EM;E=@AD_%

+ + + !.(0+$3!A(+%.!+$!6#0&!($-!%(1+$3!+%!A#*!3*($%&-!

#D% `G% I;CG% DGGAR% <;S=AJ% H?@<=DGD% P@GD% -#$! ?M>G% @ME% ;% LG?E;=A%=APGEG?<=A;LN% =A%@M?% >=\G_%l;EIG?% =E%J?;<<;E=L;>>N%H?GDMHH@DGD% =E_% .A%EIG% \@>>@`=AJ% .% `;AE% E@% J=CG% L>@DG?% L@AD=PG?;E=@A% E@% `I;E% EI=D%=APGEG?<=A;LN%<;N%;<@MAE% E@% =A% >@CGR% ;AP% E@% EIG%P=\\G?GAE% ;EE=EMPGD%`G%<;N%E;SG%E@%C;?=@MD%L@AE=AJGAL=GD%=A%@M?%>=\G_%!I;E%<;N%=E%<G;A%E@%QG%@?%E?N%E@%QG%EIG%^MPJGD%@\%@M?%@`A%;LE=@AD%=A%P=\\G?GAE%D=EM;E=@ADZ%.A%H;?E=LM>;?% .%`;AE% E@% L?=E=L=eG% EIG% A@E=@A% EI;E% EIG%<G;A=AJ% D@<GEI=AJ%`=>>%I;CG%=D%`=EI=A%@M?%L@AE?@>%@?%;A%;DHGLE%@\%@M?%PGL=D=@ADR%;D%`G>>%;D%EIG%EI@MJIE%EI;E%@M?%@A>N%`;N%@\%QG=AJ%=AC@>CGP%=A%;%D=EM;E=@A%=D%@AG%@\%L@AE?@>_%%

T@?% ,MDDQ;M<% EIG% H?=<;?N% ;EE=EMPGD% `G% <;N% E;SG% E@`;?PD% EIG%=APGEG?<=A;LN%@\%>=\G%=D%G=EIG?%a7b%L@AE?@>>=AJ%EIG%@HGA%;DHGLED%@\%=E%@?%a6b%G<Q?;L=AJ%EIG<%;D%;A%=AEG?A;>%;DHGLE%@\%IM<;A%>=\G%;AP%J@@PAGDD_%YGH;?E=AJ% \?@<% EIG% h?GGS% P=DE=ALE=@A% QGE`GGA% $0@%&% ;AP% $&@%-&R%I;HHGA=AJD%EI;E%;?G%MAL@AE?@>>GP%;AP%I;HHGA=AJD%EI;E%;?G%L@AE?@>>GPR%DIG% ;DSD% `IGEIG?% EIG?G% ;?G% X=<H@?E;AE% L@<<=E<GAED% ;AP% L@ALG?AD%EI;E%;?G%A@E%=A%EIG%?G;><%@\%A;EM?;>%L@AE=AJGALN%;AP%L;AA@E%QG%;\\GLEGP%QN% EIG% x;LL=PGAED% @\% DEGH4<@EIG?>N% A;EM?Gi% vBM@E=AJ% \?@<% (;AEwX%a,MDDQ;M<% 7138R% 611b_% /IG% L?=E=L=eGD% `I;E% DIG% DGGD% ;D% EIG% O>;E@A=L%;EEG<HE% E@% E?;ADLGAP% IM<;A% Gg=DEGALGR% ;AP% E@% QGL@<G%PG<=J@PD_% .A%EIG%DG;?LI% \@?%;% >=\G%@\%L@AEG<H>;E=@A%DIG% \=APD%;A%;EEG<HE% E@%L@AE?@>%V>=\GX% QN% GgL>MP=AJ% H;?ED% @\% =E% EI;E% <;N% =AC@>CG% ?=DS_% $IGDG% <;=A>N%=AL>MPG% EIG% DM\\G?=AJD% EI;E% DGG<% E@% QG% ;A% =AGC=E;Q>G% H;?E% @\% \@?<=AJ%;EE;LI<GAED%=A%EIG%IM<;A%`@?>P_%l;EIG?R%DIG%DMJJGDED%EI;E%`G%;P@HE%;A%#?=DE@EG>=;A% ;HH?@;LI% E@% EIGDG%<;EEG?DR% ;AP% ?GEM?A% E@% EIG% IM<;A%`@?>P% ;AP% E@% `I;E% =D% C;>M;Q>G% E@% MD% `=EI=A% EI;E_% .A% #?=DE@E>GiD%`?=E=AJDR%DIG%\=APD%;A%;EEG<HE%E@%Q?=AJ%@ME%;%S=AP%@\%IM<;A%GgLG>>GALG%EI;E%=D%@A>N%GgLG>>GAE%;J;=ADE%EIG%Q;LSJ?@MAP%@\%@M?%CM>AG?;Q=>=EN_%%

/IG%PGDL?=QGD%I=D%;LL@MAE%;D%%;% L@ALGHE=@A% @\% IM<;A% J@@P% >=C=AJ% EI;E% <;SGD% =E% D@<GEI=AJ%?G>;E=CG>N%DE;Q>GR%QME%DE=>>%CM>AG?;Q>GR%=A%=ED%DG;?LI%\@?%?=LIAGDD%@\%C;>MGR% E@% <;AN% D@?ED% @\% ;LL=PGAED_% !G% HM?DMG% ;AP% C;>MG% Q@EI%DE;Q=>=EN%;AP%EIG%?=LIAGDD%EI;E%@HGAD%MD%E@%?=DS_%.A%;%LG?E;=A%DGADG%`G% C;>MG% ?=DS% =EDG>\R% ;D% H;?E=;>>N% L@ADE=EME=CG% @\% D@<G% S=APD% @\%C;>MG_% .A% @M?% PG>=QG?;E=@AD% `G% <MDE% Q;>;ALG% EIGDG% L@<HGE=AJ%L>;=<D_%a,MDDQ;M<%7138R%c26b%%

> $# % . + $3 K ' ! 3#$$( ! ' % #9 ! 7 ' ! $#,? !

!

< B = !

$I=DR% DIG% D;NDR% =AC@>CGD% ;LLGHE=AJ% ;% LG?E;=A% ;<@MAE% @\% =ADE;Q=>=EN% =A%>=\GR%D=ALG%`G%I;CG%E@%?G>N%@A%EIG%J@@P%`=>>%@\%@EIG?D%E@%?G;LI%`I;E%`G%`;AE_% Vh@@PAGDD% PGHGAPD% @A% EIG% J@@P% \;=EI% @\% @EIG?DR%`I@% ;?G% A@E%;>`;ND%\;=EI\M>X%a,MDDQ;M<%7138R%c12b_%%

$I=D%=D%H;?E%@\%IG?%;EEG<HE%E@%VDI@`%EIG%\?;J=>=EN%@\%;%H;?E%@\%a`I;E%=D%MDM;>>N%EI@MJIE%E@%QGb%<@?;>%J@@PAGDD%=EDG>\X%a,MDDQ;M<%7138R%cFb_%Vv$wIG% DE;Q>G?% C;>MGD% @\% EIG% =AEG>>GLEM;>% >=\G% ;?G% QGDE% A@M?=DIGP% ;AP%H?@<@EGP% =A% ;% >=\G% EI;E% =AL>MPGD% EIGDG% ?=DS=G?% L@<<=E<GAED% vzw% ;AN%>=\G%EI;E%PGC@EGP%=EDG>\%GAE=?G>N%E@%D;\G%;LE=C=E=GD%`@M>P%QGR%\@?%;%IM<;A%QG=AJR%=<H@CG?=DIGPX%a,MDDQ;M<%7138R%m6Fb_%/IG%VDMJJGDED%EI;E%EIG?G%=D% `=DP@<% =A% EIG% G<Q?;LG% @\% EIG% IM<;A_% /MLI% ;A% G<Q?;LG% ?GBM=?GD%EI;E% `G% G<Q?;LG% @M?% GgH@DM?G% E@% $0@%&R% ;AP% EI;E% `G% G<Q?;LG% @M?%\?;J=>=EN%;D%@M?%GDDGAE=;>%IM<;A%L@AP=E=@AX%a";>>%6FFFR%723b_%

,MDDQ;M<iD% L?=E=L=D<D% @\% O>;E@% ;?G% E@% EIG% H@=AE% =A% D@% \;?% ;D% ;AN%;EEG<HE%E@%;C@=P%I;?<%;AP%E@%L@AE?@>%`I;E%I;HHGAD%=A%EIG%\MEM?G%=D%;A%GgL>MD=@A% @\% >@CG% \?@<% >=\G_% $IG?G% =D% A@% `;N% @\% GgL>MP=AJ% EIG%H@DD=Q=>=EN% EI;E%D@<G%@\%EIG% EI=AJD%`G%D;N%;AP%P@% E@%G;LI%@EIG?%<;N%IM?E%EIG%@EIG?R%GCGA%=\%`G%P=P%A@E%=AEGAP%E@R%;AP%=E%=D%;%D;P%\;LE%EI;E%`G%@\EGA%P@_%$IG?G%;?G%;>D@%`;ND%@\%DHG;S=AJ%;Q@ME%IM?E=AJ%@?%QGE?;N=AJ%;%\?=GAP% @?% >@CG?% EI;E% @A>N% I;D% EIG% DGADG% =E% I;D% =A% EIG% L@AEGgE% @\% @M?%?G>;E=@ADI=H_%/;N=AJR%V.%P@%A@E%SA@`%I=<X%;Q@ME%;A%;LBM;=AE;ALG%<;N%QG%;%D=<H>G%L;DG%@\%<=DE;S=AJ%@AG%HG?D@A%\@?%;A@EIG?R%QME%D;N=AJ%EIG%D;<G%EI=AJ%;Q@ME%;%\?=GAP%=D%;%.&-4,8!@\%@M?%\?=GAPDI=H_%.E% =D%;>D@%@A>N%;J;=ADE% EIG% Q;LSJ?@MAP% @\% @M?% >@C=AJ% G;LI% @EIG?% ;AP% ;% LG?E;=A%L@ALGHE=@A% @\% \;=EI\M>AGDD% EI;E% =E% <;SGD% DGADG% E@% PGDL?=QG% LG?E;=A%EI=AJD% ;D% =A\=PG>=E=GD_%)ME% EI=D% =D%A@E%NGE% D;N=AJ%;ANEI=AJ%;Q@ME%`I;E%D=JA=\=L;ALG% @M?% CM>AG?;Q=>=EN% ;AP% GgH@DM?G% E@% G;LI% @EIG?% DI@M>P% QG%J=CGA% =A%;%?G\>GLE=@A%@\% >@CG_% .A%H;?E=LM>;?R% =E% =D%A@E%;% L@<<=E<GAE% E@%`I;E% ?@>G% EI=D% GgH@DM?G% @?% CM>AG?;Q=>=EN% L@M>P% QG% D;=P% E@% I;CG% =A%^MPJ=AJ%`I;E%H;?E%>@CG%H>;ND%=A%;%J@@P%>=\G_%%

#D%`G%D;`%=A%EIG%P=DLMDD=@A%;Q@ME%`I;E%=E%<G;AD%E@%QG%H;DD=@A;EG%=A%EIG%H?GC=@MD%LI;HEG?R%=E%=D%@A>N%=A%EIG%>=JIE%@\%;%>;LS%@\%H;DD=@A%EI;E%QG=AJ% H;DD=@A;EG% H?GDGAED% MD% `=EI% AM<G?;Q>G% ?=DSD% EI;E% `G% AGGP% E@%?GLS@A%`=EI_%!IGA%`G%;?G%H;DD=@A;EGR% .% D;=PR%`G%P@%A@E% EI=AS%@\% EIG%?=DSD%=AC@>CGP_%)GEEG?%NGER%`G%P@%A@E%EI=AS%@\%@M?%H;DD=@A%=A%?G>;E=@A%E@%EIG% L@ALGHE% @\% V?=DSX_% #% D=<=>;?% EI=AJ% L@M>P% QG% D;=P% ;Q@ME% EIG%?GL@JA=E=@A% EI;E% LG?E;=A% ;DHGLED% @\% @M?% ?G>;E=@ADI=H%<;N% ;AP%`=>>% QG%H;=A\M>%E@%<G_%!I;E%IM?ED%N@M%I;D%EIG%H@`G?%E@%IM?E%<G%E@@R%;AP%EIG%EI@MJIE%EI;E%N@M%<;N%P=GR%PMG%E@%;A%;LL=PGAE%@?%E@%@>P%;JGR%=D%;%H;=A\M>%EI@MJIE_% "@`GCG?R% =\% D@<G@AG% DG?=@MD>N% E@@S% EIG% H@DD=Q>G% H;=AD%=AC@>CGP%=A%;%?G>;E=@ADI=H%@\%>@CG%;D%;%?G;D@A%\@?%L@AD=PG?=AJ%`IGEIG?%

2 & ( $ + $ 3 !

! !

< B H !

EIG%?G>;E=@ADI=H%`;D%;%`@?EI`I=>G%GAPG;C@M?R%L@<H;?=AJ%EIG%H;=AD%@\%EIG% ?G>;E=@ADI=H% E@% =ED% H@DD=Q>G% H>G;DM?GDR% EI=D% S=AP% @\% L@AD=PG?;E=@A%`@M>P%=A%=EDG>\%?GCG;>%;%\;=>M?G%=A%I=D%@?%IG?%>@CG_%

"G?G%=E%=D%`@?EI%A@E=AJ%EI;E%;>EI@MJI%,MDDQ;M<%L?=E=L=eGD%O>;E@%\@?%E?N=AJ% E@% L@AE?@>% >=\GR% ;AP% EIG?GQN% \@?% A@E% H;N=AJ% ;EEGAE=@A% E@% EIG%VJ@@P%EI=AJD%=A%>=\GXR%DIG%P@GD%A@E%BMGDE=@A%EI;E%EIG%=PG;%@\%VL@AE?@>X%I;D% D@<G% H;?E% E@% H>;N% =A% >@CG_% .A% IG?% ;EEG<HE% E@% PGC=DG% ;% H>;A% @?%LM>E=C;EG% ;% EGLIA=BMG% \@?% >=C=AJ% ;% a@?% EIGb% J@@P% >=\G% DIG% DE=>>% `@?SD%`=EI=A% ;% DLIG<G% @\% \=AP=AJ%`;ND% E@% L@AE?@>% @?% Q;>;ALG% EIG% P=\\G?GAE%EI=AJD%EI;E%<;N%I;HHGA%E@%MD%D@%;D%E@%GADM?G%EIG%QGDE%;AP%<@DE%DE;Q>G%GAP%?GDM>E_%/IG%@A>N%P@GD%=E%=A%;%<@?G%V<@PG?;EGXR%#?=DE@EG>=;A%`;N_%%

#J;=ADE%EIG%PG\GAPG?%@\%D@>=E;?N%DG>\4DM\\=L=GALN%#?=DE@E>G%;?JMGD%EI;E%EIGDG%CM>AG?;Q>G%?G>;E=@ADI=HD%;AP%EIG=?%;DD@L=;EGP%;LE=C=E=GD%I;CG% Q@EI% =ADE?M<GAE;>% C;>MG% ;D% AGLGDD;?N% <G;AD% E@R% ;AP%=AE?=AD=L%C;>MG%;D%L@<H@AGAE%H;?ED%@\R% EIG%QGDE%IM<;A%>=\G_%)MER%IG%;?JMGDR%EI=D%P@GD%A@E%HME%EIG%QGDE%>=\G%=AE@>G?;Q>N%;E%EIG%<G?LN%@\% \@?EMAG_% T@?% =E% =D% H@DD=Q>G% E@% ?G;>=eG% G;LI% @\% EIGDG% C;>MGDR%H?@HG?>N% MAPG?DE@@PR% `=EI=A% ;% >=\G% EI;E% =D% A@E% =AE@>G?;Q>N%MADE;Q>GR% @AG% EI;E% H@DDGDDGD% ;A% ;HH?@H?=;EG>N% IM<;A% S=AP% @\%DG>\4DM\\=L=GALN_%a,MDDQ;M<%7138R%cm5b%

/@%`G%\=AP%;A%MAG;DN%Q;>;ALGn%;AP%=E%=D%AGCG?%GAE=?G>N%L>G;?%EI;E%?=DS% P@GD% A@E% EI?G;EGA% E@@% <MLIR% @?% EI;E% D@<G% JGAM=AG% C;>MG%P@GD% A@E% GDL;HG% MD_% $IGA% ;J;=AR% `G% `;AE% EIG% J@@P% >=\G% E@%=AL>MPGR% \@?% \M>>AGDD% @\% C;>MGR% D@<G% ?G>;E=@A;>% L@<H@AGAED% EI;E%;?G% H;?E=LM>;?>N% CM>AG?;Q>G% E@% LI;ALGn% QMER% A@E% `;AE=AJ% E@% QG%MAQG;?;Q>N%;E%EIG%<G?LN%@\%>MLSn%`G%@HE%\@?%;%L@ALGHE=@A%@\%G;LI%@\%EIGDG%EI;E%DGLM?GD%E@%EIG<%;%?G>;E=CG>N%I=JI%PGJ?GG%@\%DE;Q=>=EN_%a,MDDQ;M<%7138R%c26b%%

&CGA%=\%,MDDQ;M<%Q?=AJD%=A%#?=DE@E>G%E@%\>GDI%@ME%@M?%A@E=@A%@\%IM<;A%?;E=@A;>=ENR%;PP=AJ%G<@E=@AR%DGAD=E=C=EN%;AP%GgHG?=GALG%E@%=E%E@%?G\@?<%=E%=AE@%;A%#?=DE@EG>=;A%A@E=@A%@\%H?;LE=L;>%`=DP@<R%DIG%?GE;=AD%EIG%=PG;%@\%;%JGAG?;>%H@=AE%@\%C=G`%\?@<%`I=LI% =E% =D%H@DD=Q>G% E@% \=AP%;%H?@HG?%Q;>;ALG%QGE`GGA%P=\\G?GAE%C;>MGD_%.A%EI=D%DIG%I@>PD%@A%E@%EIG%H=LEM?G%@\%?;E=@A;>=EN% EI;E% .% I;CG% ;?JMGP% =D% =>>MD@?N_% .E% =DR% \@?% @AG% EI=AJR%LI;?;LEG?=DE=L% @\% ,MDDQ;M<iD% P=DLMDD=@A% EI;E% DIG% P@GD% A@E% ?G;>>N%BMGDE=@A% EIG% =PG;% @\% VDG>\4DM\\=LGALNX% A@?% @\% VL@AE?@>X% ;D% \=EE=AJ%PGDL?=HE=@AD%@\%;%J@@P%IM<;A%>=\GR%QME%@A>N%DGGSD%E@%?G\=AG%EIG<_%$I=D%;EE=EMPG%=D%;>D@%\@MAP%=A%IG?%`;N%@\%MAH?@Q>G<;E=L;>>N%DHG;S=AJ%;Q@ME%`I;E% VC;>MGDX% ;AP% V?=DSDX% <;N% QG% =AC@>CGP% =A% ;% >=\G% @\% >@CG% ;AP%\?=GAPDI=HR%`=EI@ME%A@E=L=AJ%I@`%DMLI%;%L@ALG?A%`=EI%VDE;Q>G%C;>MGDX%;AP%V?=DS=G?%L@<<=E<GAEDX%<;N%>GAP%=EDG>\%E@%LG?E;=A%\G;?D%;AP%\;=>M?GD%=A%>@CG_%%

> $# % . + $3 K ' ! 3#$$( ! ' % #9 ! 7 ' ! $#,? !

!

< B @ !

#%D=<=>;?%H@=AE%L@M>P%QG%<;PG%;Q@ME%EIG%`;ND%=A%`I=LI%,MDDQ;M<%DHG;SD% ;Q@ME% VDE;Q=>=ENX% ;AP% VDGLM?=ENX% ;D% =<H@?E;AE% ;DHGLED% @\% EIG%J@@P%>=\G_%#J;=ADE%EIG%Q;LSJ?@MAP%@\%EIGDG%L@ALGHED%=E%=D%L>G;?%EI;E%>@CG%=D%?GJ;?PGP%;D%EIG%M>E=<;EG%GgH@DM?G%E@%=A^M?N_%)ME%EI=D%`;N%@\%E;>S=AJ%;Q@ME% >=\G% =D% H;?E% @\% ;% HG?DHGLE=CG% EI;E% =A% =EDG>\% =D% BM=EG% .45$4-@$% \?@<%>@CG_% #J;=AR% =E% =AE?@PMLGD% >@CGR% ;AP% ;>D@% J@@PAGDDR% =A% EIG% ?G;><% @\%EI=AJD%`G%<;N%H?GP=LE%;AP%?G>N%MH@A_687%$IGDG%GgH?GDD=@AD%L;A%QG%DGGA%=A% ?G>;E=@A% E@% `I;E% =E% <;N% <G;A% E@% E;>S% ;Q@ME% D@<GQ@PNiD% >@CG% ;D%L@ADE;AER%QME%;D% W@A=%K=ELIG>>iD% D@AJ%V#%:;DG%@\%j@MXR%BM@EGP%;E% EIG%QGJ=AA=AJ%@\%EI=D%LI;HEG?R%H@=AEGP>N%<;?SDR%EIG?G%=D%D@<GEI=AJ%PGGH>N%H?@Q>G<;E=L%;Q@ME%@AG%`;N%@\%MAPG?DE;AP=AJ%`I;E%VL@ADE;ALNX%<=JIE%<G;A%=A%?G>;E=@A%E@%>@CG_%%

WMDE% EI=AS% @\% EIG% <=>G4`=PG% P=\\G?GALG% QGE`GGA% <N% L@A\=PGAE%L@AC=LE=@A%EI;E%N@M%`@AiE%>G;CG%<GR%;AP%<N%I;C=AJ%\;=EI%=A%N@M?%>@CG_%!IG?G;D% EIG% \=?DE% DGEE>GD% `=EI% EIG% SA@`>GPJG% @\% ;% HDNLI@>@J=L;>%P=DH@D=E=@A% =A% N@M% EI;E% .% ;<% LG?E;=A% `=>>% GAPM?G% @CG?% E=<GR% ;J;=A%C=G`=AJ%>@CG%;D%;%DE;EG%@?%H?@LGDDR%EIG%DGL@AP%=AC@>CGD%<N%E?MDE=AJ>N%EM?A=AJ% E@% N@M% `=EI% <N% >@CGR% QME% A@E% J?@MAP=AJ% EI=D% E?MDE% =A% ;AN%DHGL=\=L% \;LED_% $I=D% =D% A@E% E@% PGAN% EI;E% EIG?G% <;N% QG% E=<GD% `IG?G%D@<G@AG%\GG>D%L@AEGAE%`=EI%EIG%\;LE%EI;E%EIG%@EIG?%`@AiE%>G;CG%I=<%@?%IG?R%?GJ;?P>GDD%@\%`IGEIG?%EIG?G%=D%;AN%>@CG%=A%EIG%?G>;E=@ADI=H%@?%A@E_%.E% =D% \=?DE% ;AP% \@?G<@DE% ;% H@=AE% ;Q@ME% EIG% P=\\G?GALG% =A% J?;<<;?%QGE`GGA% ;% HDNLI@>@J=L;>% ;DDGDD<GAE% ;AP% ;% <@?;>% L@<<=E<GAE_%/;N=AJR% V.% `=>>% AGCG?% >G;CG% N@MXR% ;D% ;% L@<\@?E% @?% ;% HGDD=<=DE=L%L@AL>MD=@AR% `=EI% ?GD=JA;E=@A% @?% PGDH;=?R% =D% D@<GEI=AJ% @EIG?% EI;A%D;N=AJR%V.%`=>>%;>`;ND%>@CG%N@MX_%%

';?D%"G?EeQG?J%<;?SD% ;% D=<=>;?% P=DE=ALE=@A% QGE`GGA% E`@%`;ND% @\%MAPG?DE;AP=AJ%`I;E% =E% =D% E@% E?MDE% D@<G@AGR%`I=LI%IG%L;HEM?GD% =A% EIG%`@?PD% VE?MDEX% ;AP% V?G>=;ALGX_% lG>N=AJ% @A% D@<G@AG% L;A% QG% DGGA% ;D%SA@`=AJ% LG?E;=A% \;LED% ;Q@ME% ;A@EIG?%HG?D@A_% .%I;CG%;% LG?E;=A%H=LEM?G%;Q@ME%`I;E%N@M%;?G%>=SGR%;LL@?P=AJ%E@%`I=LI%.%H?GP=LE%N@M?%;LE=@AD%=A%LG?E;=A%D=EM;E=@AD_%$IMDR%.%<;N%L@MAE%@A%N@M?%;LE=AJ%=A%;%DHGL=\=L%`;N%\@?% ;% DHGL=\=L% HM?H@DG_% KN% E?MDE% =A% N@MR% I@`GCG?R% P@GD% A@E% I;CG%;ANEI=AJ%E@%P@%`=EI%<N%;Q=>=EN%E@%^MPJG%@?%H?GP=LE%N@M?%;LE=@AD_% .%P@%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%687%:\_%V$I=D%`=>>=AJAGDD%E@%G<Q?;LG%D@<GEI=AJ%EI;E% 45% =A%EIG%`@?>P%;AP%DMQ^GLE% E@% =ED%?=DSD%=DR%=A%\;LE%EIG%C=?EMG%@\%EIG%&M?=H=PG;A%LI=>PR%`I@DG%>@CG%=D%P=?GLEGP%;E%EIG%`@?>P%=EDG>\R%=AL>MP=AJ%=ED%P;AJG?D_X%a,MDDQ;M<%7138R%m6Fb_%#>EI@MJI%=E%<;N%QG%D;=P%EI;E%EIG%@A>N%`;N%.%L;A%GgHG?=GALG%J@@PAGDD%=D%=A%EIG%`@?>PR%.%`=>>%>;EG?%L?=E=L=eG%EIG%A@E=@A%EI;E%J@@PAGDD% =D% #*! EI=D% `@?>P% =A% EI;E% =E% ?GAPG?D% >@CG% ;AP% J@@PAGDD% ?G>;E=CG% E@% LG?E;=A%=AEG?GDED%;AP%H?G\G?GALGD_%%

2 & ( $ + $ 3 !

! !

< I G !

A@E% E?MDE% N@M% \@?% LG?E;=A% HM?H@DGDR% .% E?MDE% )#0% a"G?EeQG?J% 711mR% 7714766b_%%

,@`R% EIG% <@PG?;EG>N% DG>\4DM\\=L=GAE% #?=DE@EG>=;AR% `I@% ?GDE>GDD>N%`@APG?D% `IGEIG?% EIG% ?=DSD% ;?G% E@@% >;?JG% @?% `IGEIG?% EIG?G% =D% D@<G%JGAM=AG%C;>MG%EI;E%GDL;HGD%I=<%=A%>@CGR%=D%DG;?LI=AJ%\@?%D@<G%C;>MG%IG%L;A% ?G>N%MH@A_% .A% EI=D%IG% ;>D@% GgG<H>=\=GD% ;% \G;?% @\% >@CGR% ?;EIG?% EI;A%QG=AJ% EIG%H=LEM?G%@\%J@@PAGDD%IG% =D%H?GDGAEGP%E@%QG_%)N%L@AE?;DER%@AG%L@M>P% D;N% EI;E% EIG% H&(5H&@$43&! #*! 8#3&% =D% LI;?;LEG?=eGP% QN% <N% -#$%EI=AS=AJ% @\% <N% ?G>;E=@ADI=HD% =A% EG?<D% @\% ?=DSDR% GgH@DM?G% ;AP%CM>AG?;Q=>=ENR%;E% >G;DE%A@E%@\%<N%@`A_% .E% =D% E?MG% EI;E%`G%<;N%;E% E=<GD%\G;?%>@D=AJ%>@CG_%.E%<;N%;>D@%QG%P=\\=LM>E%E@%DGG%=A%`I;E%`;ND%D@<GEI=AJ%L@M>P%QG%H?GL=@MDR% =\%`G%AGCG?%`G?G%;\?;=P%@\% >@D=AJ%=E_%"@`GCG?R% =\% .%>GE%<N%\G;?%?M>GR%.%P@%A@E%;HH?GL=;EG%N@M?%>@CG_%.A%L@ADE;AE>N%`@??N=AJ%;Q@ME%`I;E%`=>>%I;HHGAR%.%P@%A@E%DGG%`I;E%=D%?=JIE%=A%\?@AE%@\%<G_686%.A%EI;E%`;NR%EIG%?G>;E=@ADI=H%@\%>@CG%=D%?;EIG?%L@ADE=EMEGP%QN%E?MDE%EI;A%QN%\G;?_%

)N%Q?=AJ=AJ%H?@<=DGD% =AE@% EIG%P=DLMDD=@AR% .%I;CG%`;AEGP% E@% DI@`%`I;E% =E%<;N%<G;A% E@% EI=AS% @\% >@CG% ;D% G<Q@PN=AJ% EI=D% S=AP% @\% E?MDE_%$I=D%=D%;>D@%E@%P=DE=AJM=DI%H?@<=D=AJ%\?@<%<G?G>N%`=DI=AJ%\@?%EIG%QGDE_%.%<;N% D;NR% V.%`=DI% =E%`@M>P% ;>`;ND% QG% >=SG% EI=D_X% .A% EIG%`=DIR% .% ;<%;`;?G%EI;E%EI=AJD%<=JIE%LI;AJGR%EI;E%=D%`IN%.%`=DI%EIGN%`@M>P%A@E_%#%C=G`% EI;E% `@M>P% GBM;EG% H?@<=D=AJ% `=EI% `=DI=AJR% I@`GCG?R% =JA@?GD%EIG%\;LE%EI;E%.%;<%;>D@%;%H;?E%@\%EIG%D=EM;E=@A_%.%PGLG=CG%<NDG>\%=\%.%^MDE%>G;CG% GCG?NEI=AJ% ;D% =E% =D% ;AP% E?NR% ;D% =E%`G?GR% E@% GgL>MPG%<NDG>\% \?@<%`I;E%<=JIE%LI;AJG%=A%<N%?G>;E=@ADI=HD%`=EI%@EIG?D_%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%686% $IG?G% ;?G% @\% L@M?DG%P=\\G?GAE% \@?<D% EIG% \G;?% L;A% E;SG_% .A% ;%P=DLMDD=@A%@\% L@M?;JGR%#?=DE@E>G%L@<<GAED%EI;E%EIG%<@?G%;%<;A%V=D%H@DDGDDGP%`=EI%C=?EMG%=A%=ED%GAE=?GEN%;AP%EIG%I;HH=G?%IG%=DR%EIG%<@?G%IG%`=>>%QG%H;=AGP%QN%EIG%EI@MJIE%@\%PG;EIn%\@?%>=\G%=D%QGDE%`@?EI% >=C=AJ% \@?%DMLI%;%<;AR%;AP%IG% =D%SA@`=AJ>N% >@D=AJ% EIG%J?G;EGDE%@\%J@@PDR%;AP%EI=D% =D%H;=A\M>X% a715mR%7772Q147cb_%$I@DG%V`I@%I;CG%A@%@EIG?%J@@P%vzw%DG>>% EIG=?% >=\G%\@?%E?=\>=AJ%J;=AD_X%a#?=DE@E>G%715mR%7772Q7146Fb_%)ME%;?G%`G%E@%E;SG%EI=D%E@%<G;A%EI;E%=E%=D%EIG%I;HHN%<;A%`I@%\G;?D%PG;EI%EIG%<@DER%D=ALG%IG%SA@`D%`I;E%IG%I;D%E@%>@DGZ%.D%=E%A@E%?;EIG?%EI;E%EIG%@AG%`I@%L@ADE;AE>N%\?GED%;Q@ME%`I;E%IG%<=JIE%QG%>@D=AJR%=D%EIG%@AG%EI;E%I;D%EIG%<@DE%E@%>@DGZ%"G%P@GD%A@E%GCGA%SA@`%`I;E%=E%=D%IG%>@DGD_%:\_%!=EEJGADEG=A%a7187R%2mGb0%V#%<;A%`I@%=D%I;HHN%<MDE%I;CG%A@%\G;?_%,@E%GCGA%=A%\;LG%@\%PG;EI_%*A>N%;%<;A%`I@%>=CGD%A@E%=A%E=<G%QME%=A%EIG%H?GDGAE%=D%I;HHN_%T@?%>=\G%=A%EIG%H?GDGAE%EIG?G%=D%A@%PG;EI_%vzw%TG;?%=A%\;LG%@\%PG;EI%=D%EIG%QGDE%D=JA%@\%;%\;>DG%=_G_%;%Q;P%>=\G_X%!G%<=JIE%;>D@% ?G;LE% BM=EG% P=\\G?GAE>N% E@`;?PD% >@DD_% .% <;N% LM?DG% EIG% J@PD% \@?% E;S=AJ% D@<G@AG%;`;N%\?@<%<GR%@?%\GG>%J?;E=EMPG%\@?%EIG%E=<G%`G%DI;?GPR%;<;eG<GAE%EI;E%.%L@M>P%I;CG%N@M%=A%<N%>=\G%=A%EIG%\=?DE%H>;LG_%!G%<;N%L@AE?;DE%EIG%\G;?%@\%>@D=AJ%`=EI%EIG%LG?E;=AEN%EI;E%A@EI=AJ%L;A%E;SG%;`;N%EIG%EI=AJD%`G%I;P%;AP%EIG%`;ND%=A%`I=LI%>@CG%<;EEG?GP%E@%<GR% EIG% DGADG% =A% `I=LIR% `=EI% EIG% ?=DS% @\% D@MAP=AJ% E@@% #?=DE@EG>=;AR% V.i<% ;% QGEEG?%HG?D@A%QGL;MDG%@\%=EX_%

> $# % . + $3 K ' ! 3#$$( ! ' % #9 ! 7 ' ! $#,? !

!

< I ; !

.A%EI=D%DGADG%EIG%H?@<=DG%=D%<@?G%L>@DG>N%L@AAGLEGP%`=EI%I@HG_%*\%L@M?DGR%VI@H=AJX%;AP%VH?@<=D=AJX%;?G%A@E%@AG%;AP%EIG%D;<GR%`I=LI%=D%DGGA% =A% D=EM;E=@AD%`IG?G% D@<G@AG% D;NDR%V,@`%`G%L;A%@A>N%I@HG% \@?%EIG%QGDE_X%"@HG%<;N%L@<G%=A%`IGA%GCG?NEI=AJ%G>DG%=D%@ME%@\%@M?%I;APD%=A%EI=D%?GDHGLE_%.A%D;N=AJR%V$I;E%`@AiE%I;HHGA%E@%MDXR%I@`GCG?R%.%<;N%;>D@% D;NR% V.% I@HG% EI;E% GCG?NEI=AJ%`=>>% `@?S% @ME% `G>>_X% OG?I;HD% @AG%L@M>P% D;N% EI;E% >@CG% =D% ;>`;ND% I@HG\M>Z%"@H=AJ% =D% A@E% ;>>% EIG?G% =D% E@%H?@<=D=AJR%QME%H?@<=DGD%;?G%DE=>>%L@AAGLEGP%`=EI%;%I@HG\M>%HG?DHGLE=CG%@A% >=\G_% $IGN% ;?G% GgH?GDD=CG% @\% ;% HG?DHGLE=CG% LI;?;LEG?=eGP% QN% \;=EIR%E?MDE%;AP%>@CGR%;AP%A@E%^MDE%QN%@Q>=J;E=@AD%;AP%PG<;APD_%%

TM?EIG?<@?GR% QN% DHG;S=AJ% ;Q@ME% @M?% H?@<=DGD% =A% >@CGR% .% I;CG%`;AEGP%E@%DI@`%;A%;EE=EMPG%E@`;?PD%>=\G%EI;E%P@GD%A@E%\;>>%=AE@%EIG%E`@%L;EGJ@?=GD% @\% G=EIG?% L@AE?@>>=AJ% >=\G% @?% G<Q?;L=AJ% =ED% \?;J=>=EN% EI;E%,MDDQ;M<% P=DLMDDGD_% $IG% L@ALGHE% Q?=AJD% @ME% ;% P=\\G?GAE%MAPG?DE;AP=AJ% @\% `I;E% =E% <G;AD% \@?% MD% E@% QGR% MD=AJ% ,MDDQ;M<iD%L@AE?;DER%A@E%@A>N%H>;AED%@?%?;E=@A;>%;JGAEDR%QME!'#(,8!QG=AJD_%K;S=AJ%H?@<=DGD% =D%-#$% ;Q@ME% PGC=D=AJ% ?;E=@A;>% H>;AD% \@?%<;S=AJ% DE;Q>G% ;AP%C;>M;Q>G%L@AAGLE=@AD%`=EI%HG@H>G%@\%VD=<=>;?%LI;?;LEG?%;AP%;DH=?;E=@AD%`I@% ;>D@% \=AP% G;LI% @EIG?% HIND=L;>>NR% D@L=;>>N% ;AP%<@?;>>N% ;EE?;LE=CG%;AP%`I@%;?G%;Q>G%E@%>=CG%=A%EIG%D;<G%H>;LG%\@?%;A%GgEGAPGP%HG?=@P%@\%E=<GX% `I=LI% ,MDDQ;M<% PGDL?=QGD% ;D% EIG% <@DE% V\M>\=>>=AJ% >@CGDX% E@%#?=DE@E>G%a,MDDQ;M<%7138R%c51b_%,@?%=D%=E%;Q@ME%D=<H>N%;LLGHE=AJ%`I;E%>=\G%I;D%E@%@\\G?_%l;EIG?%=E%=AE?@PMLGD%;A%,?5#80$&%HG?DHGLE=CG%@A%@M?%>=\G%`=EI%@EIG?%HG@H>G%`I=LI%H?@C=PGD%EIG%Q;LSJ?@MAP%\@?%`I;E%`G%L@<G%E@%EI=AS%@\%=A%EG?<D%@\%J@@PAGDD%;D%`G>>%;D%=A%EG?<D%@\%H@DD=Q=>=E=GD%=A%@M?%>=\G%=A%EIG%\=?DE%H>;LG_%%

+0!%.&!()'#67%&!+$!6#0&!

$@%MAPG?DE;AP%`I;E%.%<G;A%QN%DHG;S=AJ%;Q@ME%EIG%;QD@>MEG%LI;?;LEG?%@\%@M?%H?@<=DGDR%=E%<;N%IG>H%E@%L@AD=PG?%;%?G<;?S%!=EEJGADEG=A%<;SGD%;Q@ME%;A%GgHG?=GALG%IG%DHG;SD%@\%;D%EI;E%@\%QG=AJ%V;QD@>MEG>N%D;\GX%=A%I=D%V'GLEM?G%@A%&EI=LDX_%%

.% `=>>% <GAE=@A% ;A@EIG?% GgHG?=GALG% DE?;=JIE% ;`;N% `I=LI% .% ;>D@%SA@`%;AP%`I=LI%@EIG?D%@\%N@M%<=JIE%QG%;LBM;=AEGP%`=EI0% =E% =DR%`I;E%@AG%<=JIE%L;>>R% EIG%GgHG?=GALG%@\% \GG>=AJ%;QD@>MEG>N%D;\G_% .%<G;A% EIG% DE;EG% @\%<=AP% =A%`I=LI% @AG% =D% =AL>=AGP% E@% D;N% X.% ;<%D;\GR% A@EI=AJ% L;A% =A^M?G% <G% `I;EGCG?% I;HHGAD_% a!=EEJGADEG=A%7185QR%3b%

2 & ( $ + $ 3 !

! !

< I D !

!=EEJGADEG=A% <GAE=@AD% EI=D% GgHG?=GALG% E@% =>>M<=A;EG% ;% L@AE?;DE% IG%`;AED%E@%<;SG%QGE`GGA%DHG;S=AJ%;Q@ME%J@@PAGDD%=A%;A%;QD@>MEG%;AP%;%?G>;E=CG%DGADG_%"G%?G<;?SD%EI;E%`IGA%`G%;?G%E;>S=AJ%;Q@ME%D@<GEI=AJ%QG=AJ%;QD@>MEG>N%J@@PR%@?%D;\GR%`G%;?G%MD=AJ%EIG%`@?PD%=A%;%P=\\G?GAE%<;AAG?%EI;A%`IGA%`G%A@?<;>>N%E;>S%;Q@ME%D@<GEI=AJ%QG=AJ%J@@P%@?%\GG>=AJ%D;\G_%V!G%;>>%SA@`%`I;E%=E%<G;AD%=A%@?P=A;?N%>=\G%E@%QG%D;\G_%.%;<%D;\G%=A%<N%?@@<R%`IGA%.%L;AA@E%QG%?MA%@CG?%QN%;A%@<A=QMD_%.%;<%D;\G%=\%.%I;CG%I;P%`I@@H=AJ%L@MJI%;AP%L;AA@E%EIG?G\@?G%JGE%=E%;J;=AX%a!=EEJGADEG=A%7185QR%1b_%.A%EIGDG%L;DGDR%`G%;?G%DHG;S=AJ%@\%D;\GEN%=A%;%?G>;E=CG% <;AAG?_% !IGEIG?% D@<G@AG% =D% D;\G% @?% D@<GEI=AJ% =D% J@@PR%PGHGAPD%MH@A%`I;E%.%;<%D;\G%*(#'%@?%`I;E%=E%=D%J@@P%*#(_%V$@%QG%D;\G%GDDGAE=;>>N%<G;AD% EI;E% =E% =D% HIND=L;>>N% =<H@DD=Q>G% EI;E% LG?E;=A% EI=AJD%DI@M>P%I;HHGA%E@%<G%;AP%EIG?G\@?G%=EiD%A@ADGADG%E@%D;N%EI;E%.%;<%D;\G%`I;EGCG?%I;HHGADX%a!=EEJGADEG=A%7185QR%1b_%

$IG% EI@MJIE% EI;E% =E% =D%A@ADGADG% E@%L>;=<%EI;E%@AG%=D%D;\G%`I;EGCG?%I;HHGAD% L;??=GD%`=EI% =E% ;% $?;LE;?=;A% MAPG?DE;AP=AJ% @\% >;AJM;JG% ;AP%DI@M>P%QG%?G;P%=A%EIG%>=JIE%@\%EIG%E=<G%=A%`I=LI%V#%'GLEM?G%@A%&EI=LDX%`;D%J=CGAR%EI;E%=D%QGE`GGA%EIG%`?=E=AJ%@\%EIG%"(,@$,$05%;AP%`I;E%L;<G%E@% QG% V%48#5#H%4@,8! A-3&5$4+,$4#-5_% $IG?G\@?GR% EIG% =PG;% EI;E% @M?% `@?PD%@A>N% GgH?GDD% \;LED% ;Q@ME% EIG% A;EM?;>% `@?>PR% `IG?G;D% GEI=LD% =D%DMHG?A;EM?;>R% ;AP% GEI=L;>% H?@H@D=E=@ADR% ;D% =E% `G?GR% V?MA% ;J;=ADE% EIG%Q@MAP;?=GD% @\% >;AJM;JGX% a!=EEJGADEG=A% 7185QR% 76b% DE=>>% >=AJG?D_%!=EEJGADEG=A% ;>D@% D;ND% EI;E% ;% VLG?E;=A% LI;?;LEG?=DE=L% <=DMDG% @\% @M?%>;AJM;JG% ?MAD% EI?@MJI% ,88% GEI=L;>% ;AP% ?G>=J=@MD% GgH?GDD=@ADX%a!=EEJGADEG=A%7185QR%1b_%$I=D%H=LEM?G%@\%GEI=L;>%H?@H@D=E=@AD% E?N=AJ% E@%PG\N%EIG%Q@?PG?D%@\%@M?%>;AJM;JG%<=JIE%QG%EG<HE=AJ%;D%;%PGDL?=HE=@A%@\% EIG% P=\\=LM>EN% @\% E?N=AJ% E@% L;HEM?G% EIG% GEI=L;>% =A%`@?PDpV.EiD% A@E%J@@P%\@?%;ANEI=AJR%=EiD% ^MDE%J@@PXpQME%=E% =D%DE=>>%GgH?GDD=CG%@\%;%C=G`%@A% >;AJM;JGR% DGADG% ;AP% A@ADGADG% EI;E% =D% H?@Q>G<;E=L% =A% EIG% >=JIE% @\%!=EEJGADEG=AiD%>;EG?%HI=>@D@HIN_%.E%DI@M>P%QG%DM\\=L=GAE%E@%D;N%EI;E%@M?%MDG%@\%`@?PD%DMLI%;D%VJ@@PX%;AP%VD;\GX%=A%EI=D%;QD@>MEGR%<@?;>%DGADGR%=D% P=\\G?GAE% \?@<% EIG% ?G>;E=CG% DGADG% =A% `I=LI% `G% <;N% DHG;S% ;Q@ME%VJ@@PAGDDX% @?% VD;\GENXR% =A% `I=LI% .% ;<% D;\G% *(#'% D@<GEI=AJR% @?% P@%D@<GEI=AJ% EI;E% =D% J@@P% *#(% D@<GEI=AJ_68c% !G% P@% A@E% AGGP% E@% E=G%@M?DG>CGD%E@%L>;=<D%DMLI%;D%EI;E%>;AJM;JG%=D%D@<GEI=AJ%EI;E%I;D%>=<=EDR%;AP% EI;E%`G%@A>N% DHG;S% DGADG% ;D% >@AJ%;D%`G%SGGH%@M?%`@?PD%`=EI=A%EIGDG_%%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%68c%.A%I=D%>;EG?%HI=>@D@HIN%!=EEJGADEG=A%?;EIG?%DH@SG%@\%DGL@AP;?N%DGADG_%:\_%Y=;<@AP%a7117Pb_%

> $# % . + $3 K ' ! 3#$$( ! ' % #9 ! 7 ' ! $#,? !

!

< I < !

!=EEJGADEG=A% L@AAGLEGP% EIG% GgHG?=GALG% @\% ;QD@>MEG% D;\GEN% `=EI%?G>=J=@MD% GgHG?=GALGD% ;AP% ;% LG?E;=A%`;N% @\%`@APG?=AJ% ;E% EIG%`@?>P_%"@`GCG?R%=E%L;A%;>D@%QG%E;SGA%;D%;A%;PGBM;EG%GgH?GDD=@A%@\%>@CG_%$IG?G%=D%;%DGADG%@\%QG>@AJ=AJR%@\%\GG>=AJ%;E%I@<G%`=EI%D@<G@AG%=A%>@C=AJ%EI;E%<;N%>G;P%<G%E@%D;NR%\@?%=ADE;ALGR%V.%;<%`IG?G%.%DI@M>P%QGX_%#D%=A%EIG%L;DG%@\% \GG>=AJ%;QD@>MEG>N% D;\GR%`I;E% .%<G;A%QN%D;N=AJ% EI=D% =D%-#$% EIG%D;<G%;D%`IGA%.%A@?<;>>N%DHG;S%@\%QG=AJ%=A%;%H;?E=LM>;?%H>;LG_%.E%P@GD%A@E% I;CG% ;ANEI=AJ% E@% `=EI% `IG?G% .% \=AP% <NDG>\% JG@J?;HI=L;>>N%DHG;S=AJR% ;D% =\% .% ;EEGAP% ;% L@A\G?GALG% ;E% ;% AG`% H>;LG% ;AP% `@APG?%`IGEIG?%.%I;CG%\@MAP%EIG%?=JIE%>GLEM?G%I;>>_%V#<%.%`IG?G%.%DI@M>P%QGZX%.% ;<% GgH?GDD=AJ% ;A% ;EE=EMPG% E@% <N% >=\G% ;D% ;% `I@>G% ;AP% E@% <N%?G>;E=@ADI=H%`=EI%D@<G@AG%=A%H;?E=LM>;?_%.\%;DSGP%E@%G>;Q@?;EG%@A%EI=D%.%<;N%J@%@A%E@%D;NR%V$IG?G%=D%A@%@EIG?%H>;LG%`IG?GR%@?%A@%@EIG?%HG?D@A%`=EI%`I@<%.iP%?;EIG?%QGX%@?R%V.%;<%A@E%L@ADE;AE>N%QGDGE%`=EI%`@??=GD%`IGEIG?%`I;E% .i<%P@=AJ%`=EI%<N% >=\G% =D% ?=JIE%@?%`IGEIG?% .i<% >@D=AJ%@ME%@A% >=\GiD% ;PCGAEM?GDXR% @?R% V.\% .%P=GP% E@<@??@`R% EIG?G% =D%A@EI=AJ% .%`@M>P% ?GJ?GE_X%$I=D% DGADG%@\%QG=AJ%;E%HG;LGR% \GG>=AJ%D;\GR% DGLM?G% ;AP%?@@EGP%=A%>@CGR%I;C=AJ%\;=EI%=A%N@M%;AP%@M?%>@CG%<;N%;>D@%QG%D;=P%E@%QG%GgH?GDDGP%=A%EIG%=PG;%EI;E%;%>@CG%`;D%V<G;AE%E@%QGX_%%

,@E% E;S=AJ% =AE@% ;LL@MAE% EIG% P=\\G?GAE% DGADGD% =A% `I=LI% `G% <;N%DHG;S%;Q@ME%V\GG>=AJ%D;\GX%@?%VQG=AJ%LG?E;=AX%@\%<N%@`A%>@CG%@?%N@M?D%?GCG;>D% ;% HI=>@D@HI=L;>% L@A\MD=@A_% *AG% EI=ASD% HG?I;HD% EI;E%`G%<;N%@A>N%DHG;S%;Q@ME%LG?E;=AEN%;AP%E?MDE%=A%@AG%DGADGR%EI;E%=D%=A%?G>;E=@A%E@%LG?E;=A%\;LED%;AP%H?@Q;Q=>=E=GDR%`I;E%"G?EeQG?J%L;>>GP%V?G>=;ALGXR%;AP%P@GD%A@E% ?GL@JA=eG% EIG%P=\\G?GAE% MDGD% @\% EIG%`@?P_% )ME% EI=AS=AJ% EI;E%`G%DHG;S%@\%LG?E;=AEN%=A%EIG%D;<G%DGADG%=A%>@CG%;D%=A%\;LEM;>%L;DGD%<;N%;>D@%QG%;%L@??MHE=@A%@\%@M?%>@CG%=A%@M?%HG?D@A;>%>=\G_%$@%E;SG%EIG%=PG;%EI;E% ;% >@CG% `;D% <G;AE% E@% QG% >=EG?;>>N% E@% <G;A% EI;E% A@EI=AJ% L@M>P%P;<;JG%@M?%?G>;E=@ADI=HR%@?%EI;E%EIG?G%=D%A@%AGGP%E@%<;SG%;AN%G\\@?E%E@%SGGH% @M?% >@CG% ;>=CGR% =D% ;J;=A% E@% E;SG% ;DDG?E=@AD% DMLI% ;D% V$I;E%`@AiE%I;HHGA%E@%MDX%@?%V.%`=>>%;>`;ND%>@CG%N@MX%;D%H?GP=LE=@AD_% .E%;DDM<GD%EI;E%`G%L@M>P%J=CG%GC=PGALG%\@?%EI=AS=AJ%EI;E%A@EI=AJ%L@M>P%GAP;AJG?%@M?%?G>;E=@ADI=HR%QN%H@=AE=AJ%@ME%LG?E;=A%DE;EGD%@?%P=DH@D=E=@AD%`I=LI%;?G% >=SG>N% E@% GAPM?G% EI?@MJI% E=<G_% l;EIG?% EI;A% ;DDM?=AJ% N@M% @\% @M?%>@CG% =A% EIG% DH=?=E% @\% \;=EIR% EI=AS=AJ% EI;E% V`G%`G?G%<G;AE% E@% QGR% ;AP%EIMD%A@EI=AJ%<;N%I;HHGA%a;AP%=\%=E%P@GDR%EIGA%=E%`;DAiE%<G;AE%E@%QGbX%=D%@AG%`;N%@\%$,C4-+!8#34-+!&,@%!#$%&(!*#(!+(,-$&._%%

$I=D%=D%A@E%E@%D;N%EI;E%.%@?%N@M%<;N%A@E%G;D=>N%D>=H%=AE@%EI=D%;EE=EMPG%E@`;?PD%>@CG%`=EI=A%@M?%?G>;E=@ADI=H%E@%G;LI%@EIG?_%.A%D@<G%D=EM;E=@AD%>@CG%<;N%GCGA%QG%D;=P%E@%J=CG%<G%;%\;>DG%DGADG%@\%DGLM?=EN_%.%<;N%A@E%QG% ;Q>G% E@% =<;J=AG% EI;E% EI=AJD% `I=LI% L;MDG% H?@Q>G<D% =A% @EIG?%

2 & ( $ + $ 3 !

! !

< I B !

?G>;E=@ADI=HD% L@M>P% H@DD=Q>N% L@<G% E@% DE;AP% QGE`GGA% MDR% @?% EI;E% .% @?%N@M%`@M>P%GCG?%P@%;ANEI=AJ%EI;E%L@M>P%EI?G;EGA%@M?%>@CG_%OG?I;HD%`G%I;CG%;>`;ND% \@MAP% EI;E% EIG%H=>>;?%@\%@M?% >@CG%I;D%QGGA% EIG%;Q=>=EN% E@%L@<<MA=L;EG%;AP%P=DLMDD%GCGA%<=A@?% EGAD=@AD% =A%@M?%?G>;E=@ADI=H% =A%`;ND% EI;E% <;SG% EIG% H?@Q>G<D% @EIG?D% GgHG?=GALG% =A% GgH?GDD=AJ%EIG<DG>CGD%;AP%EIG=?%L@ALG?AD%E@%EIG=?%>@CG?D%DGG<%MA=AEG>>=J=Q>G_%$I=D%<;N%<;SG% EIG% L@ALG?A% EI;E%<=A@?% =??=E;E=@AD% @AG% P;N% L@M>P% E;SG% @A%IMJG%H?@H@?E=@AD% \GG>% =AL@ALG=C;Q>G_%$IG%DE?GAJEI% .% \=AP% =A% >@CG%<;N%GCGA% <;SG% <G% \GG>% =AC=AL=Q>G% =A% `;ND% EI;E% ?G;>>N% L@AC=ALG% <G% EI;E%V>@CG%L@ABMG?D%;>>X_%)ME%`IG?G;D%EI=D%<;N%QG%;>>%?=JIE%=A%D@%\;?%;D%=E%=D%;A% GgH?GDD=@A% @\% EIG% E?MDER% \;=EI% ;AP%GCGA% LG?E;=AEN% .% \GG>%`=EI=A% @M?%>@CGR%=E%QGL@<GD%;%H?@Q>G<R%;AP%<;N%GCGA%QG%P=D;DE?@MDR%=\%.%E;SG%EIG%D;\GEN%;AP%DGLM?=EN%.%GgHG?=GALG%=A%>@CG%;D%H?@@\%EI;E%=E%=D%J@=AJ%E@%>;DER%=\% .% QGL@<G%@CG?L@A\=PGAE% =A% ?G>N=AJ%@A%@M?% >@CG%@?%GCGA% E@N%`=EI% =E%QGL;MDG%@\%<N%L@AC=LE=@A%EI;E%`G%L;AA@E%QG%I;?<GP_%

!G% <;N% ;>D@% EI=AS% @\% EIG% P=DE=ALE=@A% QGE`GGA% EIG% ;QD@>MEG%LI;?;LEG?%@\%EIG%H?@<=DG%E@%>@CG%;AP%E;S=AJ%=E%\@?%J?;AEGP%=A%?G>;E=@A%E@%EIG%L@ALGHE%@\%GEG?A=EN_%$IGDG% E`@%L@ALGHEDR% VEIG%;QD@>MEGX%;AP%VEIG%GEG?A;>XR%DGG<%E@%QG%=AEG?A;>>N%?G>;EGPR%;AP%=E%DI@M>P%QG%E@%EIG%H@=AE%E@%D;N% EI;E% EIG% H?@<=DG% @\% >@CG% =D% ;>D@% GEG?A;>_% .E% =D% \@?GCG?_% .% L;A%MAPG?DE;AP%=\%HG@H>G%;?G%`;?N%@\%DMLI%PGDL?=HE=@ADR%D=ALG% EIGN%;J;=A%DGG<%E@%=<H>N%EI;E%`G%L@M>P%SA@`%EI;E%;%>@CG%`=>>%8,5$%@A%EIG%Q;D=D%@\%GC=PGALG_%)ME%EI=D%=D%;%<=DMAPG?DE;AP=AJ%@\%EIG%L@ALGHE%@\%GEG?A=EN_%%

*AG%@\EGA% EI=ASD%@\%GEG?A=EN%;D%D@<GEI=AJ%EI;E%DH;AD%@CG?%;% >@E%@\%E=<GR%QME% .%`@M>P%DMJJGDE% EI;E%GEG?A=ENR%@?%;AN%DGADG%`G%L@M>P%<;SG%@ME%@\% ;% L@ALGHE% DMLI%;D% EI;ER% =D% QGEEG?%MAPG?DE@@P%;D% EIG%;QDGALG%@\%E=<G% EI;A% ;D% ;% J?G;E% ;<@MAE% @\% =E_% OG?I;HD% @AG% L@M>P% D;N% EI;E% @M?%L>@DGDE%L@AE;LE%`=EI%GEG?A=EN% =D%=A%EIG%<@<GAED%`IGA%`G%\@?JGE%E=<GR%@?% >@DG% @M?% DGADG% @\% =ER% `IGA% `G% D=<H>N% ,(&6! >=SG% LI=>P?GAR% @?% ;?G%L@<H>GEG>N% GAJM>\GP% =A%`I;E%`G% P@% ;AP% QGL@<G% @AG%`=EI% =E_68m% $I=D%;>D@% @\\G?D% MD% ;% `;N% @\% MAPG?DE;AP=AJ%!=EEJGADEG=AiD% a711cbR% V.\% QN%GEG?A=EN%=D%MAPG?DE@@P%A@E%GAP>GDD%EG<H@?;>%PM?;E=@A%QME%E=<G>GDDAGDDR%EIGA%IG%>=CGD%GEG?A;>>N%`I@%>=CGD%=A%EIG%H?GDGAEX%aq8_mc77b_%%

#E% EIG%D;<G%E=<GR%QG=AJ% =A% EIG%H?GDGAE% =D%;>D@%P@=AJ%D@<GEI=AJ% =A%E=<GR% @?% \@?% ;% LG?E;=A% ;<@MAE% @\% E=<G_% .E% =D% @A>N% =A% EIG% H;?E=LM>;?R%EG<H@?;>R% <@<GAEDR% EI;E% `G% <;N% MAPG?DE;AP% D@<GEI=AJ% @\% `I;E%GEG?A=EN% L@M>P% QGR% =A% EIG% D;<G% <;AAG?% EI;E% .% @A>N% <GGE% N@M% =A%H;?E=LM>;?%D=EM;E=@AD%;>EI@MJI%EIG%D=JA=\=L;ALG%N@M%I;CG%E@%<G%L;AA@E%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%68m%:\_%LI;HEG?%5_%

> $# % . + $3 K ' ! 3#$$( ! ' % #9 ! 7 ' ! $#,? !

!

< I I !

QG% ?GPMLGP% E@% ;AN% DHGL=\=L% \G;EM?G% @\% EIGDG% D=EM;E=@ADR% DMLI% ;D% N@M?%HG?D@A;>=EN_% .% `@M>P% ;>D@% MAPG?DE;AP% EIG% GEG?A=EN% @\% >@CG% =A% EI=D%<;AAG?n%;D%;%L@AE?;DE%E@%@EIG?%EG<H@?;>%EI=AJD%`G%P@R%;AP%<;N%;>D@%P@%=A%>@CG_%.%P@%A@E%^MDE%>@CG%N@M%\@?%E`@%`GGSD%@?%E`@%NG;?D%@?%;D%>@AJ%;D%.%\GG>%>=SG%=E_%.%>@CG%N@M%54'H84@4$&(R%;AP%=\%.%I;CG%E@%HME%;%E=<G%>=<=E%@A%=ER%EIGA%\@?GCG?%=E%=D_685%%

0!%.&!A*(3+6+%:!#A!3##-$&''E!

'GE%<G%\=A;>>N%?GEM?A%E@%,MDDQ;M<iD%DMJJGDE=@A%EI;E%`G%G<Q?;LG%@M?%\?;J=>G% IM<;A=ENR% `I=LI% `;D% @AG% @\% EIG% DE;?E=AJ% H@=AED% \@?% EI=D%P=DLMDD=@A_% .\% .% J=CG% ;% L;?=L;EM?G% ?G;P=AJ% @\%,MDDQ;M<R% .%`@M>P% D;N%EI;E%DIG%L?=E=L=eGD%O>;E@%\@?%QG=AJ%L@ALG?AGP%`=EI%>@\EN%L@ALGHED%DMLI%;D%V=PG;DXR%VJ@@PAGDDX%@?%VEIG%;QD@>MEGXR%;>EI@MJI%AG=EIG?%O>;E@%A@?%,MDDQ;M<%MDGD%^MDE%EI;E%`@?PR%`I=>G%DIG%VH?;=DGDX%#?=DE@E>G%\@?%QG=AJ%<@?G% P@`A% E@% G;?EIR% \@?% E;>S=AJ% ;Q@ME% `I;E% =D% ?G;>>N% @\% IM<;A%L@ALG?A_% $@%,MDDQ;M<R% EIGAR%`G%`@M>P% QG% QGEEG?% @\\%74$%#0$!`@?PD%DMLI%;D%V;QD@>MEGX%;AP%VGEG?A;>X%D=ALG%`GR%;D%IM<;A%QG=AJDR%;?G%A@E%D<;>>%J@PD%;AP%DI@M>P%A@E%H?GEGAP%E@%QG_%T?@<%IG?%HG?DHGLE=CGR%EIGDG%=A\=A=EG% L@ALGHED% P@% A@E% <;SG% DGADG% =A% @M?% >=\GR% D=ALG% `G% ;?G% \=A=EG%QG=AJDn%;E%>G;DE%EIGN%P@%A@E%P@%;AN%?G>GC;AE%`@?S%EIG?G_%.R%@A%EIG%@EIG?%I;APR%`@M>P%>=SG%E@%H?@H@DGR%;D%.%I;CG%P@AG%`=EI%?GJ;?P%E@%H?@<=DGDR%EI;E%EIGDG%=A\=A=EG%L@ALGHED%I;CG%;%<G;A=AJ%=A%@M?%>=\GR%^MDE%QGL;MDG%`G%;?G%\=A=EG%QG=AJD_%.E%=D%=A%EIG%>=JIE%@\%@M?%QG=AJ%EG<H@?;>%QG=AJD%EI;E%=E%<;SGD%DGADG%E@%DHG;S%@\%GEG?A=EN_%.E%=D%=A%EIG%>=JIE%@\%@M?%\?;J=>=EN%;AP%\;=>M?GD% EI;E%`G% ?GL@JA=eG% ;QD@>MEG% PG<;APD% =A% @M?% >=\GR% ;AP% =A% EIG%>=JIE% @\% LI;AJG% EI;E%`G%<;N% E;SG%MH@A%MD%A@E% E@% ;>EG?R% @?%<;SG% @M?%HG?DHGLE=CG%EI;E%`I=LI%>;DED%=A%E=<GD%@\%LI;AJG_%%

!I;E%;?G%`G% EIGA% E@%<;SG%@\%,MDDQ;M<iD%A@E=@A%@\% \?;J=>=EN% =A%;%<@?;>% P=DLMDD=@AZ% "@`% ;?G% `G% E@% E;SG% IG?% L>;=<% EI;E% VvEwIG?G% =D% ;%QG;MEN% =A% EIG% `=>>=AJAGDD% E@% >@CG% D@<G@AG% =A% EIG% \;LG% @\% >@CGiD%=ADE;Q=>=EN% EI;E% =D% ;QDGAE% \?@<% ;% L@<H>GEG>N% E?MDE`@?EIN& >@CGX%a,MDDQ;M<% 7138R% m6Fb_% ,@`R% EIG% =PG;% @\% ;% L@<H>GEG>N% E?MDE`@?EIN%>@CG%=D%=EDG>\%@PP%;AP%.%`=>>%DI@?E>N%?GEM?A%E@%D@<G%H?@Q>G<D%`=EI%EI=D%\@?<M>;E=@A_% !I;E% .% E;SG% ,MDDQ;M<% E@% QG% D;N=AJR% I@`GCG?R% =D% EI;E%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%685%OG?I;HD%.%DI@M>P%H@=AE%@ME%EI;E%.%P@%A@E%`;AE%E@%?GPMLG%EIGDG%L@ALGHED%E@%;%<;AAG?%@\%DHG;S=AJ_%.%;<%=AL>=AGP%E@%D;N%EI;E%@A>N%D@<G@AG%`I@%I;D%A@E%GgHG?=GALGP%DMLI%;%EI=AJ% `@M>P% EI=AS% EI;E% EI;E% =D% ;>>% EIG?G% =D% E@% =E_% KN% ;=<% =D% ?;EIG?% E@% D;>C;JG% EIGDG%L@ALGHED%;AP%EIG%;QD@>MEG%=<H@?E;ALG%EIGN%I;CG%=A%@M?%>=\G_%

2 & ( $ + $ 3 !

! !

< I C !

H;?E%@\% EIG%C;>MG%`G%\=AP% =A% >@CG% =D%?G>;EGP% E@% EIG% \;LE% EI;E% =E%<;N%QG%E;SGA%\?@<%MD_%*M?%>@CG%<;N%P=G%@?%GCGA%QG%PGDE?@NGP_%.A%@EIG?%`@?PDR%>@CG%=D%A@E%`=EI=A%@M?%L@AE?@>n%`G%L;AA@E%<;SG%;%PGL=D=@A%E@%>@CGR%A@?%P@%`G% ?M>G% @CG?% =ED% L@M?DG_%+H% E@% ;% H@=AER% DIG% =D% ;>D@% ?=JIE_%!G% L;A%GgH?GDD%>@CGiD%H?GL=@MDAGDD%QN%DHG;S=AJ%@\%=E%;D%;%J=\E%@?%;D%;%<;EEG?%@\%J?;LG_% .A% EI;E% `;NR% `G% <;N% L@AD=PG?% EIG% H?GL=@MDAGDD% @\% >@CG% ;D%L@AAGLEGP%E@%EIG%\;LE%EI;E%=E%=D%A@E%`=EI=A%@M?%L@AE?@>_%!G%<;N%;>D@%DGG%EI=D% ;D% ;% H@=AE% ;Q@ME% EIG% =<H@?E;ALG% @\% ?G<G<QG?=AJ% @M?% @`A%<@?E;>=EN%;AP%EI;E%@\%@EIG?D%=A%>@CG_%%

T@?%,MDDQ;M<% EI=D% H@=AE% ;>D@% E=GD% =A%`=EI% EIG% EI@MJIE% EI;E% =E% >=GD%`=EI=A%@M?%A;EM?G%;D%IM<;A%QG=AJD% E@%QG%\?;J=>G%;AP%EI;E%`G%DI@M>P%A@E% >@DG% E@MLI% `=EI% @M?% IM<;A=EN_% )ME% GCGA% =\% `G% P@% A@E% AGGP% E@%L@AEGDE% EIG% L>;=<% EI;E% IM<;A% QG=AJD% ;?G% @\EGA% \?;J=>GR% @?% HG?I;HD%?;EIG?% `G;Sp`G% @\EGA% \;=>% E@% P@% `I;E% `G% DGE% @ME% E@% P@R% ;AP%D@<GE=<GD%`G%P@%A@E%GCGA%DGE%@ME%E@%P@%`I;E%`G%DI@M>Pp`I;E%P@GD%EI=D%D;N%;Q@ME%EIG%H?@H@DGP%\?;J=>=EN%@\%J@@PAGDD%@?%>@CGZ%:@M>P%@AG%A@E%D;N%EI;E%=E%=D%=A%\;LE%`G%IM<;A%QG=AJD%`I@%;?G%\?;J=>GR%QME%A@E%>@CG%A@?%J@@PAGDDZ%!G%<;N% \;=>% E@% >=CG%MH% E@% EIG%PG<;APD% EI;E% >@CG%;AP%J@@PAGDD% <;SG% @A% MDR% QME% EI=D% P@GD% -#$% <;SG% EIG% PG<;APD% >GDD%;QD@>MEG_%,@?%P@GD% EIG% \;LE% EI;E% .%@?%N@M%<;N%P=G% DGG<% E@%<;SG%@M?%>@CG%<@?G%\?;J=>G_%.%<;N%DE=>>%\GG>%EI;E%A@EI=AJR%A@E%GCGA%PG;EIR%L;A%E;SG%;`;N%EIG%=<H@?E;ALG%N@M%I;CG%\@?%<G_688%%

!G% DGG% EI=D% <@?G% L>G;?>N% =\% `G% EM?A% E@% ,MDDQ;M<iD% A@E=@A% @\% ;%VL@<H>GEG>N%E?MDE`@?EIN%>@CGX_%$I=DR%@A%EIG%@AG%I;APR%D@MAPD%>=SG%;A%MA=AEG>>=J=Q>G% PGDL?=HE=@A% @\% >@CG_% .\% `G% E;>S% ;Q@ME% D@<GEI=AJ% QG=AJ%E?MDE`@?EIN% =A% EG?<D% @\% QG=AJ% V?G>=;Q>GXR% =A% "G?EeQG?JiD% DGADGR% ;AP%,MDDQ;M<%=D%M?J=AJ%MD%E@%EI=AS%@\%;%>@CG%EI;E%`G%?G;>>N%L@M>P%E;SG%\@?%J?;AEGPR% DIG% J?;CG>N%<=DMAPG?DE;APD% Q@EI%`I;E% =E% =D% E@% >@CG% ;AP% E@%E?MDE_%lG<G<QG?%EI;E%.%G;?>=G?%D;=P%EI;E%=E%J@GD%;J;=ADE%EIG%J?;=A%@\%>@CG%E@% EI=AS% EI;E% `G% L@M>P% ?G>N% MH@A% I;C=AJ% =E% ;AP% EI;E% `G%<;N% @\EGA%EI=AS%EI;E%=E%=D%<@?G%\=EE=AJ%E@%EI=AS%@\%>@CG%;D%;%J=\E%@?%J?;LG_%%

*A%EIG%@EIG?%I;APR%=\%.%I;CG%?G;D@A%E@%DMDHGLE%EI;E%N@M%@?%N@M?%>@CG%=D%A@E% L@<H>GEG>N% E?MDE`@?EINR% =E% ;>D@% ;HHG;?D% EI;E% .% ;<%GAEG?E;=A=AJ%P@MQED% ;Q@ME% EIG% D=ALG?=EN% @\% N@M?% >@CG_% .A% @EIG?% `@?PDR% =E% =D% ;A%GgH?GDD=@A% @\% >@CG% EI;E% `G% ;?G% ;Q>G% E@% E?MDE% G;LI% @EIG?% `=EI@ME%?GDG?C;E=@AR% @?% =\% @AG% `;AEDR% L@<H>GEG>N_% $I=D% P@GD% A@E% GgL>MPG% EIG%H@DD=Q=>=EN% EI;E% .%@?%N@M%<;N%@AG%P;N%P@%D@<GEI=AJ% EI;E%QGE?;ND% EIG%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%688%$I=D%P=DLMDD=@A%=D%?G>;EGP%E@% EIG%P=DLMDD=@A%@\% EIG%/@L?;E=L%DMJJGDE=@A%EI;E%;%J@@P%<;A% L;AA@E% QG% I;?<GP_% /GG% O>;E@% a715cQbR% ;AP% \M?EIG?% G_J_% !=ALI% a7188bR% Y=><;A%a7116b%;AP%#DIP@`A%a7115b_%%

> $# % . + $3 K ' ! 3#$$( ! ' % #9 ! 7 ' ! $#,? !

!

< I = !

@EIG?iD% E?MDE_% "@`GCG?R% EIG% \;LE% EI;E% .% <;N% QGE?;N% N@M% P@GD% A@E%AGLGDD;?=>N%=<H>N%EI;E%.%`;D%A@E%`@?EIN%@\%N@M?%E?MDER%@?%EI;E%<N%>@CG%`;D%A@E%D=ALG?G_%$@%EI=AS%EI;E%EI=D%<MDE%QG%E;SGA%E@%H?@CG%EI;E%.%`;D%A@E%L@<H>GEG>N%E?MDE`@?EIN%=D%E@%E;SG%E?MDE`@?EI=AGDD%;D%;%BM;>=EN%EI;E%=E%<;N%EM?A%@ME%EI;E%.%P=P%@?%P=P%A@E%H@DDGDD_%)ME%EI=D%=D%;%\;=>M?G%E@%DGG%EI;E%EIG%BMGDE=@A%`IGEIG?%.%`;D%E?MDE`@?EIN%@?%A@E%=D%;%BMGDE=@A%;Q@ME%`IGEIG?%.%`;D%D=ALG?G%@?%DG?=@MD%=A%J=C=AJ%<N%`@?P%E@%N@M_%&

$IG% L@AL>MD=@A% EI;E% >@CG% ;AP% J@@PAGDD% ;?G% \?;J=>G% ;>D@% <;?SD%,MDDQ;M<iD% \;=>M?GR% \@>>@`=AJ% #?=DE@E>GR% E@% P=DE=AJM=DI% QGE`GGA%;QD@>MEG%;AP%?G>;E=CG%J@@PD_%$@%#?=DE@E>G%,88!J@@PD%DGG<%E@%QG%@A%EIG%D;<G%DL;>G_%$IGN%;?G%;>>%?G>;E=CG%E@%EIG%H>;LG%EIGN%I@>P%=A%<;S=AJ%@M?%>=\G% ;% \>@M?=DI=AJ% IM<;A% >=\G_682% $IMDR% IG% P@GD% A@E% ?GL@JA=eG% EIG%J?;<<;E=L;>% P=\\G?GALG% QGE`GGA% GA^@N=AJ% VJ@@PX% \@@P% ;AP% I;C=AJ%VJ@@PX% \?=GAPDR% D=ALG% EIGN% Q@EI% Q?=AJ% MD% H>G;DM?G_% $I=D% L;A% QG%L@AE?;DEGP% `=EI% O>;E@% `I@% DE?MJJ>GP% E@% DI@`% I@`% J@@PAGDD% =D%D@<GEI=AJ% P=\\G?GAE% \?@<R% D@<GEI=AJ% @CG?% ;AP% ;Q@CGR% `I;E% =D%H>G;DM?;Q>G% E@% MD_% )ME% ;D% `G% I;CG% DGGA% G;?>=G?R% EIG% D=JA=\=L;ALG%D@<G@AG%I;D%\@?%<G%=A%>@CG%L;AA@E%QG%?GPMLGP%E@%`I;E%=D%H>G;D=AJ%@?%;HHG;>=AJ_% #?=DE@E>G% P@GD% ;PP% EI;E% @M?% \?=GAPD% ;?G% A@E% J@@P% \@?% EIG%H>G;DM?G% EIGN% Q?=AJ% QME% EI;E% EIGN% L;A% QG% D;=P% E@% QG% H>G;DM?;Q>G% =A%EIG<DG>CGD%a#?=DE@E>G%715mR%7758Q347FbR%QME%EI=D%=D%A@E%GA@MJI%E@%<;?S%EIG%P=DE=ALE=@A%QGE`GGA%`I;E%=D%<G;AE%QN%J@@PAGDD%=A%EIG%E`@%L;DGD_%

$I=D% =D% ;A% ;DHGLE% @\% ,MDDQ;M<% ;AP% #?=DE@E>G% H?=<;?=>N% DHG;S=AJ%;Q@ME% J@@PAGDD% ;D% ;% C=?EMGR% EI;E% =DR% ;D% ;% LI;?;LEG?% E?;=E% `I=LI% =D% =A%D@<G%`;ND%D=<=>;?%E@%;%<@?G%@?%>GDD%HG?D=DEGAE%P=DH@D=E=@A%;AP%<;N%QG%E?;AD\@?<GP% QN% @AGiD% L=?LM<DE;ALGD% ;AP% ?G>;E=@ADI=HD_% $I=D% >;?JG>N%HDNLI@>@J=L;>%PGDL?=HE=@A%@\%J@@PAGDD%;>D@%<;SGD%=E%GC=PGAE%`IN%EIGN%EI=AS% EI;E% J@@PAGDD% =D% D@<GEI=AJ% EI;E%<;N%QG% D;=P% E@% QG%I;?<GP_% .\%J@@PAGDD% =D% DGGA% ;D% ;A% ;DHGLE% @\% @M?% IM<;A% L@AP=E=@AR% @M?% AGGPDR%L;H;L=E=GD%;AP%;DH=?;E=@ADR%=E%=D%L>G;?%EI;E%EIG?G%=D%;>`;ND%EIG%?=DS%EI;E%D@<G%AGGPD%<;N%QG%>G\E%MA\M>\=>>GP%=A%@M?%GCG?4LI;AJ=AJ%>=\G_%%

$@%P@%^MDE=LG%E@%,MDDQ;M<%=E%=D%`@?EI%<GAE=@A=AJ%EI;E%AG=EIG?%DIG%A@?% #?=DE@E>G% DGEE>GD% \@?% ;% A;EM?;>=DE=L% PGDL?=HE=@A% @\% @M?% L@AP=E=@A_%)@EI%?GJ;?P%@M?%>=\G%;D%D@L=;>%QG=AJDR%GAL@<H;DD=AJ%I=JIG?%;DH=?;E=@AD%;D% C=?EMGD% DMLI% ;D% A@Q=>=ENR% I@A@M?R% ^MDE=LGR% L@M?;JGR% >@CG% ;AP%J@@PAGDDR% ;D% QG=AJ% ;D% <MLI% ;% H;?E% @\% @M?% IM<;A% L@AP=E=@A% ;D% @M?%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%682%Vv$wIG%A@E=@A%@\%;%h@@P%;QDE?;LEGP%\?@<%EIG%A;EM?G%;AP%EIG%L@AP=E=@AD%@\%;%LG?E;=A%D@?E%@\%QG=AJ%=D%;A%G<HEN%@AGX%a,MDDQ;M<%7138R%cm7b_%%

2 & ( $ + $ 3 !

! !

< I H !

<@?G%Q;D=L%AGGPD%DMLI%;D%IMAJG?R%D>GGHR%;AP%D@%@A_683%,GCG?EIG>GDDR%EIG%\@LMD%@A%@M?%<@?;>%HDNLI@>@JN%DE=>>%HMED% E@@%<MLI%G<HI;D=D%@A%@M?%>=CGD% ;D% =AP=C=PM;>DR%`I=LI% >G;CGD% @ME% EIG%MAL@AP=E=@A;>% D=JA=\=L;ALG%EI;E%@EIG?%HG@H>G%<;N%I;CG%\@?%<G%=A%EIG%>=JIE%@\%>@CG_%$I=DR%.%E;SG%=ER%=D%;%D=JA=\=L;ALG%EI;E%?G;LIGD%QGN@AP%EIG%`;ND%=A%`I=LI%@M?%?G>;E=@ADI=HD%`=EI%@EIG?D%L;A%QG%D;=P%E@%I;CG%;%\@?<;E=CG%=A\>MGALG%@A%@M?%LI;?;LEG?R%Q@EI%L@??MHE=AJ%;AP%GP=\N=AJ_%

)N% L@AE?;DE% E@% EIG% DMJJGDE=@A% EI;E% >@CG% L@A\?@AED% MD% `=EI% EIG%CM>AG?;Q=>=EN% @\% @M?% #7-% IM<;A% L@AP=E=@AR% =E%<;N% QGEEG?% QG% D;=PR% ;D%P@GD% 'dC=A;D% a7138b%`IGA% IG% DHG;SD% @\% EIG% AMP=EN% ;AP% AGGP% @\% EIG%*EIG?iD% \;LG% a7138R% c5F4c56bR% EI;E% >@CGR% \?@<% ;% <@?;>% HG?DHGLE=CGR%L@A\?@AED%MD%\=?DE%;AP%\@?G<@DE%`=EI%EIG%CM>AG?;Q=>=EN%@\%$%&!#$%&(_%KN%@`A% CM>AG?;Q=>=EN% ?;EIG?% L@<GD% =A% DGL@AP% H>;LGR% ;AP% <N% H?G4@LLMH;E=@A%`=EI%=E%<;NR%;D%`G%`=>>%DGGR%;>D@%L@ADE=EMEG%;%\@?<%@\%DG>\4DGAE=<GAE;>=EN%;AP%DG>\=DIAGDD_% .A%@EIG?%`@?PDR% .%;<%L@A\?@AEGP%`=EI%EIG%?G;>=EN%@\%EIG%@EIG?%;AP%EIG%H@DD=Q=>=EN%EI;E%DIG%<;N%L@<G%E@%I;?<%=A%`;ND% EI;E% L;AA@E%QG%?GPMLGP% E@% EIG%I;?<%EI;E% DIG%<;N%L;MDG%<G_%$I=D%<GGE=AJ%L;??=GD%EIG%=AD=JIE%@\%<N%GAP>GDD%?GDH@AD=Q=>=EN%\@?%@EIG?%HG@H>GR%`I=LI% E;SGD% EIG% \@?<% @\% ;%<@?;>% PG<;AP% E@% ?GDH@AP% E@% EIG%@EIG?%=A%I=D%@?%IG?%@EIG?AGDD_%T?@<%EI=D%HG?DHGLE=CGR%=E%=D%;>D@%GC=PGAE%EI;E%<N%?GDH@AD=Q=>=EN%\@?%EIG%@EIG?%=D%A@E%PGHGAPGAE%@A%;DHGLED%@\%<N%@`A%L@AP=E=@A%@?%<N%<@?;>%HDNLI@>@JN_%.\%.%;>>@`%<N%@`A%;DH=?;E=@AD%;AP%H?G\G?GALGD% E@%@CG??=PG%<N%?GDH@AD=Q=>=EN% \@?% EIG%@EIG?R% .% ;<%A@%>@AJG?% ?GDH@AP=AJ% E@% I=<% @?% IG?_% $I=D% =D% @AG% @\% <N% ?G;D@AD% \@?%DE?GDD=AJ%EIG%;QD@>MEG%LI;?;LEG?%@\%EIG%PG<;APD%@\%>@CG_%%

$@% Q?=AJ% @ME% EIG% LI;?;LEG?% @\% EI=D% <@?;>% PG<;AP% EI;E% >@CG% ;AP%J@@PAGDD% L;A% QG% D;=P% E@% L@ADE=EMEGR% .% I;CG% `;AEGP% E@% \@LMD% @A% EIG%>;AJM;JG% =A% `I=LI% `G% GgH?GDD% @M?% <@?;>% L@ALG?ADR% ?;EIG?% EI;A%L@AD=PG?=AJ%@M?%<@?;>%HDNLI@>@JN_%.ADEG;P%@\%?;=D=AJ%BMGDE=@AD%;Q@ME%EIG%`;ND% =A%`I=LI% ;% J@@P% HG?D@A%<;N% QG% L@??MHEGP% QN% ;DD@L=;E=AJ%`=EI% D@<G@AG% `=EI% >GDD% A@Q>G% ;DH=?;E=@AD% aL\_% ,MDDQ;M<% 7138R% c864c8cn%#?=DE@E>G% 715mR% 7726;347726;75bR% .%`@M>P% =A% EI=D%<;AAG?% DMJJGDE%EI;E%@AG% >@@SD%;E% EIG% D=EM;E=@AD% =A%`I=LI%@AG%<;N%D;NR%V"GiD%;%J@@P%HG?D@AoXR% @?R% V$I;E%`;D% ;% J@@P% EI=AJ% E@% P@oXR% E@% DGG%`I;E% ?@>G% ;AP%D=JA=\=L;ALG% EIGDG% MEEG?;ALGD%<;N%I;CG% EIG?GR% ;D% GgH?GDD=@AD% @\R% D;NR%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%683%.A%EI=D%?GDHGLE%.%EI=AS%,MDDQ;M<%`@M>P%;J?GG%`=EI%W@IA%KLY@`G>>%a7113b%EI;E%EIG%C=?EMGD%L;A%QG%DGGA%;D%;A%;DHGLE%@\%@M?%VDGL@AP%A;EM?GX_%.A%LI;HEG?%7F%.%`=>>%;?JMG%EI;E%GCGA%`=EI%EI=D%;PP=E=@A%EIG%;EEG<HE%E@%\=AP%JM=PG>=AGD%\@?%@M?%<@?;>%>=\G%=A%@M?%IM<;A%A;EM?G% @?% L@AP=E=@A% =D% ;%H?@Q>G<;E=L% GAPG;C@M?_% .E% AGJ>GLED% EI;E% ;AN%PGDL?=HE=@A%`G%J=CG%@\%@M?%>=\G%=A%=EDG>\%=D%GgH?GDD=CG%@\%;%<@?;>%@ME>@@S_%%%

> $# % . + $3 K ' ! 3#$$( ! ' % #9 ! 7 ' ! $#,? !

!

< I @ !

;P<=?;E=@A% ;AP% H?;=DGR% ^@NR% @?% >@CG_% $IG% L@AEGgE% EI;E% =D% AGGPGP% \@?%MAPG?DE;AP=AJ%`I;E%=D%<G;AE%QN%DHG;S=AJ%;Q@ME%D@<GEI=AJ%;D%VJ@@PX%=A%EIGDG%D=EM;E=@AD%GgEGAPD%\;?%QGN@AP%PGA@E=AJ%;%LI;?;LEG?%E?;=E_%%

.E% =D%;>D@%QN%L@AD=PG?=AJ% EIG%L@AEGgED% =A%`I=LI%`G%<;SG%H?@<=DGD%;AP%L@<<=E<GAED%E@%G;LI%@EIG?%EI;E%.%I;CG%Q?@MJIE%@ME%EIG%;QD@>MEG%LI;?;LEG?%@\%@M?%H?@<=DGD%;AP%E;>S%;Q@ME%`I;E%=D%J@@P%;D%;A%;DHGLE%@\%@M?%05&%@\%LG?E;=A%`@?PD%=A%LG?E;=A%D=EM;E=@ADR%;AP%A@ER%D;NR%;D%;%\G;EM?G%@\%;%HIGA@<GA@A%E@%`I=LI%@M?%`@?PD%<;N%\;>DG>N%QG%E;SGA%E@%?G\G?_%.\%`G%EI=AS%@\%J@@PAGDD%;D%;%LI;?;LEG?%E?;=E%=E%<;SGD%DGADG%E@%EI=AS%@\%=E%;D% D@<GEI=AJ% EI;E% =D% CM>AG?;Q>G% E@% I;?<R% D@<GEI=AJ% EI;E% <;N% QG%VH@>>MEGPX% a,MDDQ;M<% 7138R% cc2b_% .\% `G% `;AE% E@% BMGDE=@A% DMLI% ;%A@E=@A%@\%J@@PAGDDR%I@`GCG?R%EI=D%H=LEM?G%L;AA@E%QG%J=CGA%;AN%>=EG?;>%DGADG_%,@`R%.%P@%A@E%`;AE%E@%BMGDE=@A%EIG%H@`G?%;%<GE;HI@?%DMLI%;D%VEIG%\?;J=>=EN%@\%J@@PAGDDX%<;N%I;CG%=A%;%H;?E=LM>;?%L@ACG?D;E=@A_%.%P@R%I@`GCG?R%`;AE% E@%`;?A%;J;=ADE% ;% ?G=\N=AJ% EGAPGALN% =A% DMLI%`;ND% @\%DHG;S=AJR% =A% EIG% D;<G% DGADG% EI;E% .% I;CG% E?=GP% E@% DI@`% EIG% H?@Q>G<D%=AC@>CGP%=A%EI=AS=AJ%EI;E%GgH?GDD=@AD%DMLI%;D%V>@CG%=D%;%Q@APX%L@M>P%QG%J=CGA%;%>=EG?;>%DGADG_%%

)N%P=DLMDD=AJ%<@?;>=EN%`=EI@ME%;LL@MAE=AJ%\@?%EIG%;QD@>MEG%DGADG%=A%`I=LI% `G% DHG;S% ;Q@ME% <;EEG?D% @\% <@?;>% L@ALG?AR% ,MDDQ;M<% ;>D@%QGL@<GD%;%H?@H@AGAE%\@?%;%C=G`%@\%<@?;>=ENR%@?%;%<@?;>%;EE=EMPGR%EI;E%<;N% =EDG>\% QG% L?=E=L=eGP% \?@<%;A%;QD@>MEG%HG?DHGLE=CG%@A%<@?;>=EN_% .A%H;?ER%EI=D%=D%;>D@%`I;E%,MDDQ;M<%;=<D%E@%P@_%"G?%=AE?@PMLE=@A%@\%VEIG%\?;J=>=EN% @\% J@@PAGDDX% =D% =A% <;AN% `;ND% <G;AE% E@% QG% ;% H@=AE% ;Q@ME%<@?;>% HI=>@D@HIN% ;AP%`I;E% DI@M>P% QG% L@MAEGP% ;D% ;% H;?E% @\% =E_% /IG%`;AED%E@%LI;AJG%@M?%HG?LGHE=@A%@\%`I;E%=D%J@@P%;AP%@\%`I;E%<;EEG?D%=A%@M?%MAPG?DE;AP=AJ%@\%J@@PAGDD_% /IG%LI;>>GAJGD% EIG%(;AE=;A%L>;=<%EI;E% `G% L@M>P% PGEG?<=AG% `I;E% ;LE=@AD% ;?G% ?=JIE% @?% `?@AJ%=APGHGAPGAE>N%@\%EIG%L@AEGgE%=A%`I=LI%EIGN%;HHG;?R%;AP%DIG%`;AED%MD%E@% ?GL@JA=eG% EI;E% =E% =D% ;A% =AEG?A;>% ;DHGLE% @\% <@?;>=EN% EI;E% `G% ^MPJG%;LE=@AD% P=\\G?GAE>N% PGHGAP=AJ% @A% EIG% HG?D@AiD% Q;LSJ?@MAPR% ;AP% EIG%P=\\G?GAE%L=?LM<DE;ALGD%=A%`I=LI%D@<G@AG%P@GD%D@<GEI=AJ_%%

$I=D%?GCG;>D%;%P=\\G?GALG%A@E%@A>N%=A%I@`%P=\\G?GAE>N%`G%<;N%^MPJG%`I;E% <;N% QG% L;>>GP% EIG% D;<G% ;LE=@An% \GG>=AJ% =AP=JA;AE% ;Q@ME% EIG%L@<H;AN% GgGLME=CG% `I@% D`=AP>GD% E@% <;SG% ;% H?@\=E% QME% \=AP=AJ%L@<H;DD=@A%\@?%EIG%H;?GAE%DEG;>=AJ%E@%\GGP%I=D%@?%IG?%DE;?C=AJ%\;<=>NR%QME%=A%7%,$%`G%<;N%L@<G%E@%?GJ;?P%;D%;%LG?E;=A%S=AP%@\%;LE=@A%=A%EIG%\=?DE% H>;LG_%!G%<;NR% \@?% =ADE;ALGR% BMGDE=@A%`IGEIG?% EIG% DGL@AP% L;DG%?G;>>N%H?GDGAED%MD%`=EI%;%L;DG%@\%DEG;>=AJ%@?%?;EIG?%`=EI%;%PGDHG?;EG%;LE_%$IG% ?@>G%`G%<;N%;DD=JA% E@% L=?LM<DE;ALGD% =A% EIG%`;N%`G%MAPG?DE;AP%;A%;LE=@A%<;N%;>D@%E;SG%;E%>G;DE%E`@%P=\\G?GAE%\@?<D_%*A%EIG%@AG%I;APR%

2 & ( $ + $ 3 !

! !

< C G !

`G%<;N%EI=AS% EI;E% EIG%L=?LM<DE;ALGD%GgLMDG%;A%;LE=@A_%V$IG% >@CG%\@?%EIG=?% LI=>P?GA% <;PG% EIG% H;?GAED% >@DG% EIG=?% DGADG% @\% ^MDE=LGX_% *A% EIG%@EIG?%I;APR%EIG%L=?LM<DE;ALGD%<;N%PGEG?<=AG%`I;E%S=AP%@\%;LE=@A%`G%L@AD=PG?%D@<GEI=AJ% E@%QG_%V$IGN%DE@>G% E@%D;CG% EIG=?%LI=>P?GA_X% .A% EI=D%L;DGR%`G%<=JIE%A@E%EI=AS%EIG?G%=D%;ANEI=AJ%E@%GgLMDG_%%

)ME% GCGA% EI@MJI%`G% <;N% L?=E=L=eG% (;AE% \@?% E?N=AJ% E@% 0-43&(5,84S&%<@?;>=EN%;AP%A@E%;EEGAP=AJ%E@%EIG%H;?E=LM>;?%L;DGR%EI=D%P@GD%A@E%<G;A%EI;E% EIG% <@?;>% HG?DHGLE=CG% P@GD% A@E% I;CG% ;A% ;QD@>MEG% LI;?;LEG?_%)?=AJ=AJ% =A% EIG% ;QD@>MEG% LI;?;LEG?% @\% @M?% <@?;>% >;AJM;JG% P@GD% A@E%<G;A% EI;E%`G%;?G% \@?LGP% E@% ;LLGHE% EIG% =PG;% EI;E% EIG?G% ;?G%JGAG?;>% @?%MA=CG?D;>%?M>GD%\@?%;LE=AJ%<@?;>>N_%$IG%H;?E=LM>;?=EN%@\%<@?;>=EN%P@GD%A@E% GgL>MPG% =ED% ;QD@>MEG% LI;?;LEG?_% .A% >=AG%`=EI% EIG% EI@MJIE% EI;E%`G%<;N%@A>N%GgHG?=GALG%GEG?A=EN%=A%EIG%<@<GAER%`G%L@M>P%?;EIG?%D;N%EI;E%=E%@A>N%<;SGD%DGADG%E@%DHG;S%@\%`I;E%=D%;QD@>MEG%\@?%MD%=A%;%H;?E=LM>;?%D=EM;E=@A_%%

$I=D% H@=AE% ;Q@ME% DGG=AJ% EIG% ?@>G% L=?LM<DE;ALGD% H>;N% \@?% I@`%`G%^MPJG%@?%L@<G%E@%MAPG?DE;AP%;A%;LE=@A%;>D@%I;D%;%H>;LG% =A%@M?%<@?;>%P=DL@M?DG_%!G%<;N% ?GH?@;LI% D@<G@AG% \@?% QG=AJ% E@@% I;?DI% @A% @EIG?%HG@H>G% @?% @A% EIG<DG>CGD_% .\% N@M% ?GJ;?P% EIG% GAP% @\% ;A@EIG?% L@MH>GiD%?G>;E=@ADI=H%;D%;%HG?D@A;>%\;=>M?G%`=EI@ME%?GL@JA=e=AJ%I@`%EIGN%`G?G%L@ADM<GP% QN% EIG=?% GL@A@<=L;>% P=\\=LM>E=GDR% .% <;N% ?GJ;?P% EI=D% ;D% ;%\;=>M?G%@A%N@M?%H;?E%E@%MAPG?DE;AP%`I;E%I;P%I;HHGAGP_&.A%EI;E%DGADGR%`G%<;N%EI=AS%EI;E%=E%=D%\;=?%A@E%E@%PG<;AP%E@@%<MLI%@\%@EIG?DR%@?%EI=AS%EI;E% D@<G@AG% PG<;APD% E@@% <MLI% @\% I=<4% @?% IG?DG>\_% !G% <;N% ;>D@%BMGDE=@A%=A%`I;E%L=?LM<DE;ALGD%`G%I;CG%;%?=JIE%E@%PG<;AP%;ANEI=AJ%@\%@EIG?D%=A%EIG%\=?DE%H>;LG_&&

)MER%;>EI@MJI%EI=D%H@=AE%;Q@ME%@M?%CM>AG?;Q=>=EN%I;D%;%H>;LG%\?@<%;%EI=?P% HG?D@A% HG?DHGLE=CGR% =A% DHG;S=AJ% ;Q@ME% `I;E% `G% PG<;AP% @\%@EIG?DR% =E% =D% A@E% ;D% L>G;?%`I;E% DGADG% =E%<;N%I;CG% \?@<% ;% \=?DE% HG?D@A%HG?DHGLE=CG_% #J;=AR% =E%<;N% QG% ;% ?GL@JA=E=@A% EI;E% .% AGGP% E@% ?GL@AL=>G%<NDG>\% `=EI% EIG% \;LE% EI;E% .% P@% A@E% ;>`;ND% >=CG% MH% E@% EIG% PG<;APD% .%<;SG% @A% <NDG>\_% $I=D% <;N% QG% ;% L?ML=;>% =AD=JIER% A@E% >G;DE% QGL;MDG% ;%LG?E;=A% S=AP% @\% DG>\4?GL?=<=A;E=@A% =D% A@% >@AJG?% ?GDH@AD=CG% E@% `I;E% .%I;CG%P@AG%E@%@EIG?D%;AP%<N%?GDH@AD=Q=>=EN%\@?%EI;ER%QME%GgH?GDD=CG%@\%;%H?G@LLMH;E=@A% `=EI% <NDG>\_% "@`GCG?R% D;N=AJ% EI;E% <N% \;=>M?G% `;D%V@A>N% IM<;AX% =A% EIG% \;LG% @\% EIG% PG<;APD% .% ?GL@JA=eG% =A% <N%?G>;E=@ADI=HD% `=EI% @EIG?D% <;N% ?;EIG?% ?GCG;>% ;% S=AP% @\% DG>\4DGAE=<GAE;>=ENR%DG>\4H=EN%@?%GCGA%DG>\4PGLGHE=@A_%.\%.%GgLMDG%`I;E%.%P=P%QN%H@=AE=AJ% E@%<N%IM<;A=ENR% .%P@%A@E% E;SG%?GDH@AD=Q=>=EN% \@?% EIG%\;LE%EI;E%=E%`;D%AR%;AP%A@E%IM<;A=ENR%`I@%\;=>GP%E@%>=CG%MH%E@%EIG%PG<;APD%EI;E% >@CG% @?% J@@PAGDD%<;PG% @A% <G_%!I;E% =D% ;% C=?EMG% =A% ?G>;E=@A% E@%

> $# % . + $3 K ' ! 3#$$( ! ' % #9 ! 7 ' ! $#,? !

!

< C ; !

@EIG?DR% EI;E% =D% A@E% GgHGLE=AJ% @EIG?D% E@% >=CG% MH% E@%')% PG<;APDR% EIMDR%QGL@<GD% ;% C=LG% `IGA% =E% EM?AD% =AE@% J=C=AJ% <NDG>\% HG?<=DD=@A% A@E% E@%;LLGHE% EIG%PG<;APD% EI;E% 8#3&%<;SGD% @A%<G_% $I=D% =D% ;>D@% E?MG% =\% .% ;<%@A>N%G;JG?%E@%GgLMDG%EIG%\;=>M?GD%@\%@EIG?D%=A%@?PG?%E@%GgLMDG%<NDG>\%\@?%A@E%P@=AJ%`I;E%EIGN%\;=>GP%E@%P@_%%

! !

!

!

;G!

%.&!2&($+$3!#A!6#0&!

%T5!45$!v-54--!

5,+$!.4&!r&(-0-*$!T5!45$!7,5!&5!45$!5,+$!.4&!Q4&?&!T5!45$!v-+8q@C!

5,+$!.4&!R&(&@%-0-+!T5!45$!-4@%$5!,85!P@%'&(S!

5,+$!.4&!U-+5$!T5!45$!,0554@%$58#5!5,+$!.4&!T4-54@%$!T5!45$!7,5!&5!45$!5,+$!.4&!Q4&?&!

T5!45$!8=@%&(84@%!5,+$!.&(!P$#8S!

T5!45$!8&4@%$54--4+!5,+$!.4&!r#(54@%$!T5!45$!0-'x+84@%!5,+$!.4&!T(*,%(0-+!T5!45$!7,5!&5!45$!5,+$!.4&!Q4&?&!

T(4@%!N(4&.!

%$IG% BMGDE=@AD% .% I;CG% QGGA% ?;=D=AJ% D@% \;?% I;CG% ;>>% L@ALG?AGP% EIG%<G;A=AJ%`G% DGG% =A% >@CG%@?% V`IGA% =A% >@CGX_% .%A@`%`;AE% E@% EM?A% E@% ;%P=\\G?GAE% BMGDE=@A% ;Q@ME% >@CG% ;AP%<G;A=AJR% ;>EI@MJI% EIG% ;=<%@\%<N%;?JM<GAE%`=>>% QG% E@% DI@`% EI;E% EIG?G% ;?G%<@?G% L@AAGLE=@AD%`=EI%<N%H?GC=@MD% P=DLMDD=@AD% EI;A% @AG% <;N% \=?DE% QG% =AL>=AGP% E@% EI=AS_% $IG%BMGDE=@A% .% `;AE% E@% =ACGDE=J;EG% ?GDG<Q>GD% EIG% L>;DD=L;>% HI=>@D@HI=L;>%BMGDE=@A% ;Q@ME% EIG%<G;A=AJ% @\% >=\GR% EI;E% =DR% `I;E% =D% EIG%<G;A=AJ% @\%>@CGZ%*?R%E@%HME%=E%P=\\G?GAE>NR%I@`%;?G%`G%DMHH@DGP%E@%MAPG?DE;AP%;%L>;=<%DMLI%;D%V>@CG%=D%EIG%<G;A=AJ%@\%>=\GXZ%%

$IG% H?GC=@MD% P=DLMDD=@AD% DI@M>P% I;CG% E;MJIE% MD% \=?DE% E@% >@@S% \@?%`I;E% S=AP% @\% BMGDE=@A% =D% QG=AJ% ?;=DGP% IG?G_%!I;E% ;?G%`G% ;DS=AJ% \@?%

% . & !2 & ($ + $3 !#A ! 6 # 0 & !

!

< C < !

`IGA% `G% ;?G% ;DS=AJ% \@?% EIG% <G;A=AJ% @\% >@CGZ% !I@% =D% H@D=AJ% EIG%BMGDE=@A% ;AP% =A% `I;E% L=?LM<DE;ALGDZ% *AG% BM=EG% L@<<@A% `;N% @\%E;S=AJ% =E% =D% EI=AS=AJ% EI;E% `G% =A% D@<G% `;N% ;?G% ;DS=AJ% \@?% ;A%GgH>;A;E=@A_%!G%`;AE%E@%SA@`%`IN%`GR%;D%IM<;A%QG=AJDR%>@CG_%!I;E%=D% EIG% H@=AE% @\% >@CG% @?% EIG% HM?H@DG% @\% =EZ% &;?>=G?% .% I;CG% ;?JMGP% EI;E%E;S=AJ%EIG%BMGDE=@A%=A%EI=D%`;N%=D%H?@Q>G<;E=L%=A%=ED%HG?D@A;>%\@?<R%=A%@EIG?%`@?PDR%`IGA%`G% ;DS%`IN%#% >@CGD% )_% $I=D% DMJJGDED% EI;E% EIG?G%<;N%;>D@%QG%H?@Q>G<D%=AC@>CGP%=A%H@D=AJ%=E%=A%EI=D%JGAG?;>%\@?<0%!IN%P@%IM<;A%QG=AJD%>@CGZ%%

!G% DI@M>P% ;>D@% QG% `;?N% @\% ;DDM<=AJ% EI;E% EIG% L@ALG?AD%HI=>@D@HIG?D% I;CG% I;P% `=EI% ?GJ;?PD% E@% EIGDG% S=APD% @\% BMGDE=@AD%;>`;ND%?G\>GLE%@M?%MDM;>%L@ALG?AD%`=EI%D=<=>;?%BMGDE=@AD_%*M?%HG?D@A;>%BMGDE=@AD% ;Q@ME% EIG%<G;A=AJ% @\% >@CG%<;N% ;?=DG% @ME% @\% D=EM;E=@AD% @\%PGDHG?;E=@A%@?%PGDH;=?_%$IGN%<;N%;>D@%L@ADE=EMEG%;EEG<HED%E@%;?E=LM>;EG%EIG% D=JA=\=L;ALG% @M?% P=\\G?GAE% ?G>;E=@ADI=HD% `=EI% LI=>P?GAR% H;?GAEDR%>@CG?D%;AP%\?=GAPD%I;CG%=A%@M?%>=\G_%!IGA%HI=>@D@HIG?D%;AP%DL=GAE=DED%?;=DG%BMGDE=@AD%;Q@ME%EIG%<G;A=AJ%@\%>@CGR%I@`GCG?R%EIGN%;?G%MDM;>>N%L@ALG?AGP% `=EI% E?N=AJ% E@% H?@C=PG% MD% `=EI% GgH>;A;E=@AD% @\% >@CGR%L>;?=\N=AJ%EIG%Q;LSJ?@MAP%<GLI;A=D<D%@\%>@CGR%EIG%HM?H@DG%@\%>@C=AJR%=ED%;=<DR%;AP%D@%@A_%$IG=?%BMGDE=@AD%?;AJG% \?@<R%V!IN%P@%`G% >@CGZX%`I=LI% L;AA@E% QG% DGH;?;EGP% \?@<% EIG% @AE@>@J=L;>% V!I;E% =D% >@CGZXR% E@%EIG%?;EIG?%<@?;>%BMGDE=@ADR%V!IN%DI@M>P%`G%>@CGZX%@?%V.D% >@CG%J@@P%\@?% MDZX_% !IG?G;D% EIG% \=?DE% =D% @\EGA% =PGAE=\=GP% `=EI% P=DL@CG?=AJ% EIG%L;MDGD%@\%>@CG%DL=GAE=\=L;>>NR%EIG%DGL@AP%@\EGA%\=AP%EIG=?%H>;LG%=A%J=C=AJ%?G;D@AD%\@?%>@CG%=A%HI=>@D@HI=L;>%L=?LM<DE;ALGD_%%

.A%EIG%\@>>@`=AJ%.%`=>>%H@=AE%@ME%D@<G%`;ND%=A%`I=LI%HI=>@D@HIG?D%;AP%DL=GAE=DED%<=D?GH?GDGAE%@M?%L@<<@A%L@ALG?AD%QN%E?N=AJ%E@%GgH>;=A%EIG%<G;A=AJ%@\%>@CG%G=EIG?%=A%EG?<D%@\%L;MDGD%aDL=GAE=DEDb%@?%=A%EG?<D%@\%?G;D@AD% aHI=>@D@HIG?Db_%$IGN%P@%A@E%;EEGAP% E@% EIG%?@>GD% EI=D%BMGDE=@A%<;N%I;CG%=A%@M?%>@CGR%`I=LI%;E%EIG%D;<G%E=<G%<G;AD%;EEGAP=AJ%E@%EIG%C4-.!@\%BMGDE=@A% =E% =DR%QME%;EEG<HE% E@% ^MPJG% >@CG% \?@<% EIG%@MED=PGR%QN%PGDL?=Q=AJ% =E% =A% EG?<D%`I=LI% ;?G% A@E% a@?% A@E% ;>`;NDb% =AEG?A;>% E@% EIG%>;AJM;JG%@\%>@CG_%%

.% QGJ=A% QN% D;N=AJ% D@<G% `@?PD% ;Q@ME% EIG% P=\\G?=AJ% DL=GAE=\=L%;EEG<HED% E@% GgH>;=A% >@CGR% DHGAP=AJ% @A>N% ;% Q=E% <@?G% E=<G% @A%GC@>ME=@A;?N%GgH>;A;E=@AD%@\%>@CGR%D=ALG%EIGN%\@?<%@AG%@\%EIG%H?=<;?N%DG;ED% =A%`I=LI%GgH>;A;E=@AD%@\% >@CGR%;D%`G>>%;D%@\%;><@DE%GCG?NEI=AJR%;?G% \@?<M>;EGP% E@P;N_% $IG%<;^@?% H;?E% @\% EIG% LI;HEG?R% I@`GCG?R% =D% ;%?GDH@ADG%E@%EIG%Q?;ALI%@\%<@?;>%HI=>@D@HIN%EI;E%;EEG<HED%E@%\@?<M>;EG%EIG%V?;E=@A;>=ENX%@\%>@CG%=A%EG?<D%@\%?G;D@AD%\@?%>@C=AJR%@?%?G;D@AD%\@?%=AL>MP=AJ%>@CG%=A%;%I;HHNR%\>@M?=DI=AJ%>=\G_%$IG%H?=<;?N%@Q^GLE%@\%<N%

2 & ( $ + $ 3 !

! !

< C B !

P=DLMDD=@AR%EIGAR%=D%EIG%S=AP%@\%C=?EMG%GEI=LD%`I=LI%=D%QG=AJ%P@AG%=A%EIG%A;<G%@\%#?=DE@E>G%;AP%`I=LI%I;D%J=CGA%AG`%aHI=>@D@HI=L;>b%>=\G%E@%EIG%;JG4@>P%BMGDE=@A%V"@`%DI@M>P%`G%>=CGZX%%

$IG?G%;?GR%;E% >G;DER% E`@%`;ND%@\%MAPG?DE;AP=AJ%EIG%BMGDE=@A%;Q@ME%EIG%<G;A=AJ%@\% >@CG_%*AG% =D% EIG% ;EEG<HE% E@% >@@S%QGI=AP% EIG% V`@?PXR%E@`;?PD% ;% <GLI;A=D<R% ;% \MALE=@AR% ;% P?=CG% @?% ;% \@?LGR% @?% =A% <@?G%EG>G@>@J=L;>%EG?<DR%;%HM?H@DG%@\%@?%;A%;=<%\@?%>@CG_%$I=D%=D%`I;E%.%EI=AS%<;AN%DL=GAE=DED%;AP%HI=>@D@HIG?D%E;SG%@A%EIG<DG>CGD%E@%P@_%$I=D%C=G`%I;D% <;AN% D=<=>;?=E=GD% `=EI% EIG% A@E=@A% EI;E% >;AJM;JGR% \=?DE% ;AP%\@?G<@DER% =D%?G\G?GAE=;>_%$IG%<G;A=AJ%@\%;%`@?P%=D% EI;E%\@?%`I=LI% EIG%`@?P% DE;APD_%$IG%@EIG?R%`I=LI% .% EI=AS% =D%<@?G% L>@DG>N% ?G>;EGP% E@% EIG%H>;LG% BMGDE=@AD% @\% <G;A=AJ% <;N% I;CG% =A% @M?% @`A% >=\GR% =D% E@% ?;=DG%BMGDE=@AD%;Q@ME%EIG%<G;A=AJ\M>AGDD%@\%LG?E;=A%;LE=C=E=GD%;AP%;DS%`I;E%<G;A=AJ% LG?E;=A% EI=AJD% I;CG% \@?% MD_% $I=D% A@E=@A% L@<GD% E@% DI@`% =A%GgL>;<;E=@AD%DMLI%;DR%V.%?G;>>N%P@%EI=AS%EI;E%\;<=>N%;AP%\?=GAPD%;?G%EIG%E?MG%<G;A=AJ%@\%>=\GoX681%%

T@LMD=AJ% @A% EIG% >;EEG?% A@E=@A% @\% V<G;A=AJX% L;AA@E% QG% DGH;?;EGP%\?@<% ?;=D=AJ% BMGDE=@AD% ;Q@ME% `I;E% =E% <;N% <G;A% E@% MDG% EIG% `@?PD%V<G;A=AJ\M>X%;AP%V<G;A=AJ>GDDX%=A%P=\\G?GAE%D=EM;E=@ADR%@?%E@%DHG;S%@\%D@<GEI=AJ% ;D% I;C=AJ% <G;A=AJ% \@?% <G_% $IG?G\@?GR% =E% L;AA@E% QG%P=DE=AJM=DIGP% \?@<% ?G\>GLE=AJ% @A% EIG% <G;A=AJ% @\% EIG% L@ALGHE% @\%V<G;A=AJXn%=ED%P=\\G?GAE%MDGD%=A%@M?%>=\G_%$IG%\@>>@`=AJ%P=DLMDD=@A%`=>>%MA\@?EMA;EG>N% A@E% CGAEM?G% E@@% \;?% =AE@% EI;E% BMGDE=@A_% ,GCG?EIG>GDDR%DMLI%L@AD=PG?;E=@AD%\@?<%H;?E%@\%EIG%Q;LSJ?@MAP%;J;=ADE%`I=LI%.%`=>>%;?JMG%;J;=ADE%EIG%\=?DE%`;N%@\%?GDH@AP=AJ%E@%BMGDE=@AD%;Q@ME%<G;A=AJ_%

+ !'"+&$%+A+"!&L96($(%+#$'!#A!6#0&!

:@AD=PG?=AJ%EIG%P=CG?D=EN%@\%DL=GALGR%;AP%EIG%J?G;E%C;?=GEN%@\%P=\\G?GAE%\=G>PD% @\% =ABM=?NR% =E% =D% =<H@DD=Q>G% E@% J=CG% ;% MA=E;?N% ;LL@MAE% @\% `I;E%L@M>P%QG%L;>>GP%;%VDL=GAE=\=L%GgH>;A;E=@AX%@\% >@CG_% .E%L;A%@A>N%QG% D;=P%EI;E%EIG?G%=D%;%AM<QG?%@\%DL=GAE=\=L%GgH>;A;E=@AD%@\%P=\\G?GAE%;DHGLED%@\%>@CG%EI;E%P=\\G?%Q@EI%=A%DL@HGR%<GEI@PR%;<Q=E=@A%;AP%@Q^GLE=CG_%"G?GR%.%`=>>% L@AEGAE%<NDG>\%`=EI% H@=AE=AJ% @ME% D@<G% DE?;APD% =A% EIG% DL=GAE=\=L%=ACGDE=J;E=@AD%;AP%L@<<GAE%@A%EIG%BMGDE=@AD%EIGN%E;SG%@A%EIG<DG>CGD%E@%;AD`G?_%OG?I;HD%=E%AGGP%A@E%QG%D;=P%EI;E%EIG%PGDL?=HE=@AD%.%@\\G?%;?G%=A%A@%`;N%<G;AE%E@%QG%;>>4GAL@<H;DD=AJ_%KMLI%@\%EIG%?GDG;?LI%=A%@AG%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%681%*\%L@M?DGR%EI=D%=D%A@E%E@%GgL>MPG%EI;E%`G%<;N%;>D@%\=AP%<G;A=AJR%D;NR%=A%@M?%`@?S%;AP%I@QQ=GDR%=A%P@=AJ%DH@?ED%@?%=A%GgHG?=GALGD%@\%EIG%J?;APAGDD%@\%A;EM?G_%

% . & !2 & ($ + $3 !#A ! 6 # 0 & !

!

< C I !

\=G>P%;>D@%QM=>PD%@A%?GDM>ED%\?@<%AG=JIQ@M?=AJ%\=G>PDR%D@%EI;E%P=\\G?GAE%\=G>PD% L;A% QG% DGGA% ;D% DMHH@?E=AJ% G;LI% @EIG?R% ;D% =A% EIG% L;DG% @\%AGM?@HDNLI@>@JN_% !I;E% Q?=AJD% P=\\G?GAE% ;HH?@;LIGD% E@JGEIG?% =D% ;E%E=<GD%EIG%\=G>P%@\%DEMPNR%;E%@EIG?%E=<GD%<GEI@P@>@J=L;>%L@AD=PG?;E=@AD_%Y=DL@M?DG% ;A;>ND=D% <;NR% \@?% =ADE;ALGR% QG% MDGP% ;D% ;% E@@>% =A% P=\\G?GAE%\=G>PD% ;AP% @AG% <;N% ;>D@% >@@S% \@?% GC@>ME=@A;?N% GgH>;A;E=@AD% `=EI=A%P=\\G?GAE%DMQ^GLED_%%

,GCG?EIG>GDDR% EIG?G% ;?G% ;EEG<HED% E@% H?@C=PG% <@?G% \M>>4\>GPJGP%GgH>;A;E=@AD%@\%>@CGR%DMLI%;D%EIG%@AG%@\\G?GP%QN%"G>GA%T=DIG?%=A%M%)!M&! Q#3&% a6FFmb_% .A% EI;E% Q@@SR% EIG% ;AEI?@H@>@J=DE% T=DIG?% ;EEG<HED% E@%Q?=AJ%E@JGEIG?%HDNLI@>@J=L;>R%AGM?@>@J=L;>%;AP%GC@>ME=@A;?N%<@PG>D%@\%GgH>;A;E=@A% =AE@% ;% MA=E;?NR% ;>QG=E% H@HM>;?R% ;LL@MAE% @\% >@CG_% /IG%DMJJGDED% EI;E% V?@<;AE=L% >@CG% =D% ;% H?=<;?N%<@E=C;E=@A% DNDEG<% =A% EIG%Q?;=Ap=A%DI@?ER%;%\MAP;<GAE;>%<;E=AJ%P?=CGX%aT=DIG?%6FFmR%2mb_%

!=EI%EIG%PGCG>@H<GAE%@\%<@?G%;PC;ALGP%=ADE?M<GAED%\@?%DL;AA=AJ%EIG% Q?;=AR% EIG?G% I;D% QGGA% ;A% MHDM?JG% @\% ?GDG;?LI% E?N=AJ% E@% H?@C=PG%AGM?@>@J=L;>%@?%AGM?@HDNLI@>@J=L;>%GgH>;A;E=@AD%@\%EIG%HIGA@<GA;%@\%>@CG_% $IGN% E;SG% P=\\G?GAE% S=APD% @\% HIND=@>@J=L;>% @?% LIG<=L;>% Q@P=>N%DE;EGD%@?%LI;AJGDR%H?=<;?=>N%=A%EIG%Q?;=AR%;D%EIG=?%\@LMDR%<;S=AJ%L>;=<D%EI;E%;?G%@\EGA%Q@EI%BM=EG%<@PGDE%;AP%BM=EG%;<Q=E=@MD_%$IGN%DGE%@ME%E@%GgH>;=A%Q@EI%CG?N%<MLI%;AP%CG?N%>=EE>G%;E%EIG%D;<G%E=<G_%K@DE>N%EIGN%P@% A@ER% \@?% =ADE;ALGR% H?@H@DG% E@% ;AD`G?% EIG% BMGDE=@A% ;Q@ME%`IN%`G%>@CG_% l;EIG?% EIGN% HME% EIG=?G<HI;D=D% @A% BMGDE=@AD% DMLI% ;DR% V!IN%P@%`G%LI@@DG%EIG%H;?EAG?D%EI;E%`G%P@ZXR%@?R%V!I;E%P@%`@<GA%;AP%<GA%\=AP%;EE?;LE=CGZX%$IG%?GH>=GD%?;AJG%\?@<%H@=AE=AJ%E@%;%\G<;>G%EGAPGALN%E@% \=AP% D`G;EN% $4DI=?ED% \?@<% <GA% `=EI% ;% P=\\G?GAE% =<<MAG% DNDEG<%\?@<%EIG=?D%DGg=G?%EI;A%EI@DG%\?@<%<GA%`I@DG%D<G>>%?G<=APGP%EIG<%@\%EIG=?%@`A%\;EIG?D%@?%Q?@EIG?D%a!GPGS=AP%GE_%;>%7115bR%E@%<GA%DI@`=AJ%<@?G% VQ?;=A% ;LE=C=EN% =A% ?GJ=@AD% ;DD@L=;EGP% `=EI% 3450,8% H?@LGDD=AJX%`IGA%>@@S=AJ%;E%EIG=?%>@CGP%@AGD%aT=DIG?%6FFmR%7FFbR%E@%Q@EI%<GA%;AP%`@<GA%QG=AJ%;EE?;LEGP% E@%<@?G% DN<<GE?=L;>% DI;HGD% ah;AJGDE;P%;AP%$I@?AI=>>%7112b_62F%

.A%EI;E%`;NR%@AG%=D%<@DE>N%L@ALG?AGP%`=EI%?GCG;>=AJ%EIG%?,@C+(#0-.%'&@%,-45'5%@\%>@CG_%!I;E%I;HHGAD%`IGA%`G%>@CGZ%!I;E%L;MDGD%MD%E@%\GG>% EIG%`;N%`G%P@Z% .A% EI;E%<;AAG?R%T=DIG?%;PC;ALGD% EIG%INH@EIGD=D%EI;E%V$%45!*4(&!4-!$%&!'4-.!45!@,05&.!?)!&8&3,$&.!8&3&85!#*!&4$%&(!.#H,'4-&!#(!%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%62F%#HH;?GAE>N%I=JI>N%DN<<GE?=L;>%<GA%XI;CG%<@?G%DGg%H;?EAG?D%;AP%<@?G%;PM>EG?@MD%;\\;=?DX%aT=DIG?%6FFmR%7F8R%h;AJGDE;P%;AP%$I@?AI=>>R%7112b%;AP%`@<GA%X;LI=GCG%<@?G%@?J;D<D%`=EI% DN<<GE?=L;>%<GAX% aT=DIG?% 6FFmR% 7F8R% $I@?AI=>>% GE% ;>_% 7115b_%KGA% ;>D@%<@DE>N%H?G\G?%`@<GA%`=EI%;%2F%à%?;E=@%`;=DE%E@%I=H%a/=AJI%711cb_%%

2 & ( $ + $ 3 !

! !

< C C !

-#(&H4-&H%(4-&! #(! ?#$%6! ,5! 7&88! ,5! .&@(&,5&.! 8&3&85! #*! 5&(#$#-4-<% $IGDG%LIG<=L;>D%\@?<%EIG%Q;LSQ@AG%@\%@QDGDD=CGR%H;DD=@A;EGR%?@<;AE=L%>@CGX%a6FFmR% 58b_% $IG=?% Q?;=A% DL;AA=AJD% @\% VE`GAEN%<GA% ;AP%`@<GAR%`I@%`G?G% PGGH>N% ;AP% I;HH=>N% =A% >@CGX% aT=DIG?% 6FFmR% 8cb% ;>D@% H?@CGP%LI;AJGD% =A% >GCG>D%@\%P@H;<=AG%`I=>G% EIG=?%@Q^GLED%@\%DEMPN% >@@SGP%;E%H=LEM?GD% @\% EIG=?% QG>@CGP_% TM?EIG?<@?GR% DIG% DMJJGDED% EI;E% EIG% Q?;=A%L=?LM=E%@\%?@<;AE=L%>@CG%^@=AD%`=EI%E`@%@EIG?%V<;E=AJ%P?=CGDR%805$pEIG%L?;C=AJ% \@?%DGgM;>%J?;E=\=L;E=@An%;AP%,$$,@%'&-$pEIG%\GG>=AJD%@\%L;><R%DGLM?=ENR% ;AP% MA=@A% `=EI% ;% >@AJ4EG?<% H;?EAG?X% aT=DIG?% 6FFmR% 23b_627%&;LI% @\% EIGDG% I;D% ;% Q?;=A% L=?LM=E?N% @\% EIG=?% @`A% ;AP% =D% >=ASGP%`=EI%P=\\G?GAE% AGM?@LIG<=L;>Dn% >MDE% `=EI% EIG% I@?<@AG% EGDE@DEG?@AG% ;AP%;EE;LI<GAE%`=EI%EIG%I@?<@AGD%@gNE@L=A%;AP%C;D@H?GDD=A%aT=DIG?%6FFmR%23b_%

$IG%=<H>=L;E=@AD%@\% EIGDG%S=APD%@\%=ACGDE=J;E=@AD%P@%A@ER%;D%.%D;=PR%I;CG% E@% QG% DGGA% ;D% CG?N% \;?4?G;LI=AJ_% ,G=EIG?% P@% EIG% ?GDG;?LIG?D%QGI=AP% EIG<% ;>`;ND% P?;`% ;AN% J?G;E% L@AL>MD=@AD% @ME% @\% EIG<_% .\%`G%D=<H>N%E;SG%EIG%GgHG?=<GAED%=AC@>C=AJ%D`G;EN%$4DI=?ED%;AP%H=LEM?GD%@\%<@?G%@?%>GDD%;EE?;LE=CG%<GA%@?%`@<GA%;D%=AP=L;E=CG%@\%`I;E%<GA%;AP%`@<GA%<=JIE%?GDH@AP%E@%;D%;EE?;LE=CG%=A%DMLI%D=EM;E=@ADR%EIGN%DG?CG%;D%=AEG?GDE=AJ% LM?=@D=E=GD_% .\% @AG% L@AD=PG?D% EI;E% DN<<GE?N% L;A% QG%MAPG?DE@@P%;D%;A%;DHGLE%@\%QG;MENR%;AP%EI;E%QG;MEN%;AP%;EE?;LE=@A%;?G%=AEG?A;>>N%?G>;EGP%=E%DI@M>P%;>D@%A@E%DE?=SG%@AG%;D%GDHGL=;>>N%DM?H?=D=AJ%EI;E% ;A% =ACGDE=J;E=@A% @\% EI;E% S=AP% `@M>P% J;=A% DMLI% ?GDM>ED_% .E% =DR%I@`GCG?R% A@E% L>G;?% EI;E% EIGDG% GgHG?=<GAED% ;?G% ?GH?GDGAE;E=CG% @\%HG@H>GiD%;LEM;>%LI@=LGD%@\%H;?EAG?DR%A@?%I@`%V;EE?;LE=@AX%H>;ND%;%H;?E%=A%HG@H>GiD%?@<;AE=L%?G>;E=@ADI=HD_%$;S=AJ% EIG%Gg;<H>G%@\%D<G>>DR% \@?%=ADE;ALGR% =E% =D% LG?E;=A>N% L>G;?% EI;E% EIG% DLGAE% @\% EIG% @AG%`G% >@CG%<;N%<;EEG?%=A%@AG%`;N%@?%;A@EIG?%=A%P=\\G?GAE%?G>;E=@ADI=HD_%"@`GCG?R%`G%P@%A@E%AGGP%E@%;DDM<G%EI;E%EIG%?G>;E=@A%QGE`GGA%DLGAED%;AP%;EE?;LE=@AD%;>`;ND%`@?S%=A%@AG%`;N_%$IG?G%=D%?@@<%\@?%DHG;S=AJ%;Q@ME%V>G;?A=AJ%E@% >=SGVR% @?% VJ?@`=AJ% ;LLMDE@<GP% E@% D@<G@AGiD% D<G>>VR% ;D% `G>>% ;D%L@<=AJ%E@%V;DD@L=;EGX%;%H;?E=LM>;?%D<G>>%`=EI%;%H;?E=LM>;?%HG?D@A_%

:@<Q=AGP% `=EI% GC@>ME=@A;?N% GgH>;A;E=@AD% ;D% E@% `IN% DMLI%\MALE=@AD% L;<G% E@% PGCG>@HR% I@`GCG?p<@DE>N% MAPG?DE@@P% =A%;DD@L=;E=@A%`=EI% @M?% @?% EIG% DHGL=GDi% V?GH?@PMLE=CG% DE?;EGJ=GDXpEIGDG%?GDM>ED%H?GDGAE%<MLI%<@?G%H?@Q>G<D_%.E%=D%BM=EG%G;DN%E@%L@A^M?G%MH%;A%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%627%.A%EIG%`@?PD%@\%V5)@%#8#+)!"#.,)0%VEIG%GgHG?=GALG%@\%>@CG%<;N%QGDE%QG%C=G`GP%;D%;%Q=@>@J=L;>%P?=CG%EI;E%L@<H?=DGD%>MDER%?@<;AE=L%>@CG%;AP%;EE;LI<GAE_%$IGDG%EI?GG%DE;EGD%;?G% GgHG?=GAE=;>>N% P=\\G?GAER% QME% DI;?G% EIG% J@;>% @\% DMLLGDD\M>% ?GH?@PMLE=@A_X% aOG?=A;%6FFmR%c3b_%

% . & !2 & ($ + $3 !#A ! 6 # 0 & !

!

< C = !

GC@>ME=@A;?N%DE@?N%;D%E@%`IN%QG=AJ%P?;`A%E@%D@<G@AG%`I@DG%=<<MAG%DNDEG<% P=\\G?D% \?@<% @AGiD% @`A% QME% DE=>>% =D% L@<H;E=Q>G% `=EI% =E%VMAL@ADL=@MD>NX%>G;P%`@<;A%E@%H;?EAG?D%V`I@%L@M>P%H@EGAE=;>>N%IG>H%EIG<%H?@PMLG%JGAGE=L;>>N%<@?G%C;?=GP%N@MAJX%aT=DIG?%6FFmR%7FmbR%`IN%DN<<GE?N% =D% ;% D=JA%@\%IG;>EI% ;AP%VJGAGE=L% ;Q=>=ENX% aT=DIG?% 6FFmR% 7F5b%`I=LI%GAI;ALGD%V@AGiD%LI@=LGD%=A%EIG%<;E=AJ%J;<GXaT=DIG?%6FFmR%7F8bR%@?% N@MEI% ;AP% QG;MEN% D=JA;>% E@% <GA% EI;E% EIGDG% `@<GA% I;CG% VJ@@P%BM;>=E=GD% \@?% QG;?=AJ% ;AP% ?G;?=AJ% Q;Q=GDX% aT=DIG?% 6FFmR% 7F1b_%,GCG?EIG>GDDR%DMLI%GgH>;A;E=@ADR%;D%.%`=>>%?GEM?A%E@%DI@?E>NR%;?G%>;PGA%`=EI%P=\\=LM>E=GDR%<;AN%@\%EIG<%=AEG?A;>%E@%EIG%S=AP%@\%BMGDE=@A%=E%=D_%

)G\@?G% .%<@CG%@A% E@% EIGDGR%I@`GCG?R% >GE%<G% >=AJG?%;E% EIG% DL=GAE=\=L%GgH>;A;E=@AD%@\% >@CG%EI;E%;?G%H?GDGAEGP%=A%HDNLI@>@JN%;AP%D@L=@>@JN_%$IGDG% ;?G% ?;EIG?% ;=<GP% ;E% ?GCG;>=AJ% EIG% *0-@$4#-5% @\% >@CG% @A% ;A%=AP=C=PM;>%>GCG>%@?%@A%;%D@L=;>%>GCG>_%.A%EIG=?%;EEG<HED%E@%GgH>;=A%`IN%`G% LI@@DG% EIG% H;?EAG?D% EI;E%`G% P@R% \@?% =ADE;ALGR% HDNLI@>@J=DED% I;CG%G<HI;D=eGP%EIG%?@>G%@\%EIG%?G>;E=@ADI=H%PNA;<=LD%\@?%\@?<=AJ%EIG%DG>\%@?% =PGAE=EN% @\% EIG% =AP=C=PM;>_% '@CG% \MALE=@AD% E@% D;E=D\N% LG?E;=A%HDNLI@>@J=L;>%AGGPD_%!G% LI@@DG%H;?EAG?D% D=<=>;?% E@% EIG%H;?GAED%`=EI%`I@<%`G% I;CG% ;A% MA?GD@>CGP% L@A\>=LE% E@% I@HG\M>>N% ?GD@>CG% EIG<% =A%EI=D% ?G>;E=@ADI=H% aO=AGD% 7111b_% *?% `G% LI@@DG% H;?EAG?D% `I@% I;CG%GgHG?=GALGP%D=<=>;?%LI=>PI@@P%E?;M<;D%a"GAP?=g%7116R%6FF5bR%`I@%;?G%;Q>G% E@% I;AP>G% ;Ag=GEN% a)@`GA% 7123bR% @?% EI;E% <=??@?% EIG% ENHG% @\%;EE;LI<GAE%`G%<;PG%E@%@M?%<@EIG?%a";e;A%;AP%OI;CG?%7132n%)@`>QN%718FR%7181R%712cR%713Fn%#=AD`@?EI%GE%;>_%7123b_%#%D@L=@>@J=L;>%;AD`G?%E@%EIG% D;<G% BMGDE=@A% <;N% =AC@>CG% H@=AE=AJ% @ME% I@`% @M?% <@E=CGD% \@?%<;??N=AJ% ;?G% ?G>;EGP% E@% VEIG% GAE=?G% =ADE=EME=@A;>% DE?MLEM?G% `=EI=A%`I=LI% ;A% =AP=C=PM;>% >=CGD% I=D% >=\GpL>;DDR% L;?GG?R% GL@A@<=L% ;<Q=E=@AR%;DH=?;E=@AD%@\%H@`G?%;AP%H?GDE=JG%a)G?JG?%7183R%m3b_%%

#% L@<<@A% E?;=E% =A% Q@EI% HDNLI@>@J=L;>% ;AP% D@L=@>@J=L;>%GgH>;A;E=@AD% @\% >@CG% =D% EI;E% EIGN% EGAP% E@% DG;?LI% \@?% ;% JGAG?;>% ;AP%MA=CG?D;>% ;LL@MAE% @\%`I;E% >@CG% =D_% .A% EI=D% \;DI=@AR% T=DIG?iD% L@>>G;JMG%#?E% #?@A% LI;?;LEG?=eGP% >@CG% ;D% ;% V<@E=C;E=@A% DNDEG<% PGD=JAGP% E@%GA;Q>G% DM=E@?D% E@% QM=>P% ;A% =AE=<;EG% ?G>;E=@ADI=H% `=EI% ;% H?G\G??GP%<;E=AJ%H;?EAG?X%aT=DIG?%6FFmR%25b_%K;AN%D@L=@>@J=L;>%PGDL?=HE=@AD%;?G%;>D@%`GPPGP%E@%J=C=AJ%;%DNDEG<;E=L%;LL@MAE%@\%>@CGiD%H>;LG%=A%D@L=GEN%aDGG%G_J_%#>QG?@A=%713cn%h=PPGAD%7116n%'MI<;AA%7113b_%#%\G;EM?G%EI;E%=D%GgH>=L=E>N% DE;EGP%QN%D@L=@>@J=DED% =D% E@% >@@S% \@?%;%PGDL?=HE=@A%@\% >@CG%a@?%D@L=GENb% EI;E%J@%QGN@AP%@M?%@`A%`;ND%@\%MAPG?DE;AP=AJ% =E_%$IGN%;EEG<HE%E@%\=AP%?GJM>;?=E=GD%QGI=AP%@M?%H?;LE=LGDR%P=DLG?A%MAL@ADL=@MD%H;EEG?AD% @?% DE?MLEM?GD_% $IGN% E?N% E@%PGDL?=QG% >=\GR% ;D% =E%`G?GR% \?@<% EIG%@MED=PGR% GgH>;=A=AJ% GCGAED% `=EI@ME% ?G\G??=AJ% E@% @M?% @`A% `;ND% @\%

2 & ( $ + $ 3 !

! !

< C H !

<;S=AJ%DGADG%@\%EIG<R%GCGA%=\R%`I=LI%EIGN%@\EGA%\;=>%E@%;LSA@`>GPJGR%EIGN% ;?G% DE=>>% PGHGAPGAE% @A% @M?% PGDL?=HE=@AD% \@?% =PGAE=\N=AJ% EIG%HIGA@<GA;%MAPG?%PGDL?=HE=@A_626%%

$I=D% `;N% @\% HMEE=AJ% \@?`;?P% JGAG?;>% @?% MA=CG?D;>% PG\=A=E=@AD% @\%D@L=;>%HIGA@<GA;%@\EGA%Q>=AP%EIG<%E@%EIG%<;AN%P=DE=ALE=@AD%`G%<;N%<;SG%QGE`GGA%P=\\G?GAE%;DHGLED%@\%@M?% >=\G_%$IG?GQNR% EIGN%;>D@% \;=>% E@%PGDL?=QG% `I;E% EIGN% DGE% @ME% E@% P@_62c% #J;=ADE% EI=D% ;EEG<HE% E@% J=CG% ;%PGDL?=HE=@A% @\% >@CG% \?@<% EIG% @MED=PGR% .%`=>>% ;?JMG% EI;E% EIG% =PG;% @\% ;%<G;A=AJ%QGI=AP%@M?%H?;LE=LGD%=D%=>>MD@?NR%;AP%EI;ER%=\%`G%;?G%=AEG?GDEGP%=A%<G;A=AJR%`G%AGGP%E@%H;N%;EEGAE=@A%E@%EIG%P=DE=ALE=@AD%`G%<;SG%=A%@M?%>=\G_%!G%AGGP%E@%H;N%IGGP%E@%EIG%P=\\G?GAE%`;ND%=A%`I=LI%`G%<;SG%DGADG%@\%@M?%>=\GR%=\%`G%`;AE%E@%DGG%`I;E%<G;A=AJ%EIG?G%<=JIE%QG%=A%=E_%%

$IG% DG;?LI% \@?% I=PPGA% @?% >;EGAE% DE?MLEM?GD% =D% ;>D@% =AC@>CGP% =A% EIG%<GEI@PD% @\% EIG% D@L=;>% DL=GALGD% EI;E% ;?G% L>@DGDE% E@% <=AG_% .% ;<% IG?G%EI=AS=AJ%@\% EIG%?@>G%EIG%IG?<GAGME=L%E?;P=E=@A%;AP%P=DL@M?DG%;A;>ND=D%I;CG% I;P% =A% HI=>@>@JNR% EIG% I=DE@?N% @\% =PG;DR% ;?E% I=DE@?NR% >=EG?;EM?GR%LM>EM?;>% DEMP=GDR% JGAPG?% DEMP=GD% ;AP% L?=E=L;>% EIG@?N_% $IGN% DI;?G%`=EI%<G%EIG%L@AC=LE=@A%EI;E%EIG%\@LMD%@\%;%DL=GAE=\=L%=ACGDE=J;E=@A%@\%IM<;A%>=\G%=D%A@E%D@%<MLI%@A%&LH8,-,$4#-%;D%=E% =D%@A%0-.&(5$,-.4-+_%/=ALG%EIGN%MDM;>>N% P@% A@E% DGE% @ME% E@% H?@C=PG% L;MDGD% @\% >@CGR% .%`=>>% ;>D@% A@E% D;N%<MLI% ;Q@ME% EIG<R% QME% @A>N% H@=AE% @ME% `I;E% .% DGG% ;D% EIG% <;=A%P=\\G?GALGD%QGE`GGA%EIG=?%<GEI@PD%;AP%<=AG_%%

$IG%;=<%@\%<;AN%DMLI%DEMP=GD%=D%@\EGA%E@%E?;LG%EIG%MDGD%@\%L@ALGHED%EI?@MJI% P=\\G?GAE% E=<GD_% .A%`I;E% L@AEGgED% I;CG% EIGN% QGGA% MDGP% ;AP%`I;E% <G;A=AJ% I;CG% EIGN% I;P% ;E% P=\\G?GAE% E=<GDZ% *AG% DMLI% `;N% @\%E?;L=AJ%EIG%I=DE@?=GD%@\%;%L@ALGHE%L@M>P%QG%DI@`=AJ%I@`%EIG%L@ALGHE%@\%>@CG% I;D% J;=AGP% P=\\G?GAE% <G;A=AJD% \?@<% EIG% P=\\G?GAE% `;ND% =E% I;D%QGGA% MAPG?DE@@P% =A% EIG% L@AEGgE% @\% <NDE=L=D<R% L@M?E>N% >@CGR% LI=C;>?N%>@CGR% ?@<;AE=L% >@CGR% EIG% >@CG% @\% h@PR% @?% h@PiD% >@CG% @\% <GAR% EIG%L@ALGHED% @\% ,+,H&6! &(#56! H%484,! aL\_% /=AJG?% 713m;R% 713mQR% 7132n% PG%l@MJG<@AE%713cb_%*?%@AG%<;N%DEMPN%I@`%EIG%`@?P%V>@CGX%=D%LM??GAE>N%QG=AJ%MDGP%QN%HG@H>GR%;AP%`I;E%MAPG?DE;AP=AJ%@\% EIG%`@?P% =D%QG=AJ%GgH?GDDGP% =A% HG@H>GiD% L@ACG?D;E=@AD% ;Q@ME% =E_% a:\_% "@><QG?J% 7115n%K;?E=ADD@A%7112_b%

!I;E% DGH;?;EGD% DMLI% DEMP=GD% \?@<%<=AG% ;?G%<;=A>N% EI;E% EIGN% ;?G%DE=>>%G<H=?=L;>%=A%LI;?;LEG?_%$IG=?%\@LMD%=D%@A%?GCG;>=AJ%H;EEG?AD%@\%MDGR%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%626%:@<H;?G%EIGDG%;EEG<HED%E@%J@%QGN@AP%EIG%>;AJM;JG%@\%>@CG%`=EI%EIG%HI=>@D@HI=L;>%?G^GLE=@A%@\%EI;E%>;AJM;JG%;D%AGLGDD;?N%=PG;>=e=AJ_%%62c% l_T_% "@>>;AP% a713Fb% @\\G?D% ;A% =>>M<=A;E=AJ% L?=E=L=D<% @\% YM?SIG=<iD% P=DLMDD=@A% @\%DM=L=PG%@A%EI=D%;LL@MAE%a7mc47m2b_%

% . & !2 & ($ + $3 !#A ! 6 # 0 & !

!

< C @ !

?;EIG?% EI;A% ;DS=AJ% \@?% `I;E% =E% <G;AD% E@% D;N% P=\\G?GAE% EI=AJD_%TM?EIG?<@?GR% ;>EI@MJI% P=DL@M?DG% ;A;>ND=D% I;D% GC@>CGP% ;D% ;% L?=E=BMG%;J;=ADE%GDDGAE=;>=D<R%EIG=?%L>;=<D%DE=>>%I;CG%A@E%L@<H>GEG>N%DMLLGGPGP%=A% ?G>G;D=AJ% EIG<DG>CGD% \?@<% MA=CG?D;>=DE% DE?;APD_% #>EI@MJI% @AG% =D%BM=EG% ;`;?G% @\% EIG% I=DE@?=L=EN% @\% L@ALGHEDR% EIG% AGGP% \@?% L@AEGgE% \@?%`@?PD%E@%I;CG%<G;A=AJR% EIG=?%<;=A%EIG@?GE=L;>% E@@>%\@?%;A;>Ne=AJ%EIG%P=\\G?GAE%HM?H@DGD%\@?%`I=LI%`G%MDG%@M?%`@?PD%=D%@\EGA%EIG%;EEG<HE%E@%?GCG;>% P=DL@M?DG% ;D% H?=<;?=>N% L@ADE=EMEGP% QN% I=G?;?LI=L;>% DE?MLEM?GD%;AP% ?G>;E=@AD% @\% H@`G?_% $I=D% Q>@LSD% @ME% ;AN% MAPG?DE;AP=AJ% @\% EIG%DMQ^GLE%EI;E%`@M>P%PGDL?=QG%=E%=A%;%P=\\G?GAE%`;N_%,GCG?EIG>GDDR%.%EI=ASR%EIGN% ;?G% EIG% @AGD% `I@% I;CG% <@DE% L;H;L=EN% E@% L?=E=L=eG% GC@>ME=@A;?N%;LL@MAED%@\%>@CG%;<@AJ%EIG%H?GDGAE%DL=GAE=\=L%<GEI@PD_%%

&gH>;A;E=@AD%@\%>@CG%`=EI=A%GC@>ME=@A;?N%HDNLI@>@JN%<;=A>N%DG?CG%E@%DI@`%=ED%>=AS%E@%@M?%MAL@ADL=@MD%?GH?@PMLE=CG%DE?;EGJ=GD_%'@CG%=D%;A%@MEL@<G% @\% EIG% M?JG% E@% ?GH?@PMLG% ;AP% EIG% AGGP% E@% L;?G% \@?% @AGiD%@\\DH?=AJ_% "GALGR% T=DIG?% DMJJGDED% EI;E% G;LI% @\% EIG% Q?;=A% L=?LM=ED% DIG%DGGD%;D%\MAP;<GAE;>%E@%>@CG%%

GC@>CGP% E@% P=?GLE% ;% P=\\G?GAE% ;DHGLE% @\% ?GH?@PMLE=@A_% 'MDE%GC@>CGP% E@% <@E=C;EG% =AP=C=PM;>D% E@% DGGS% DGgM;>% MA=@A% `=EI%;><@DE%,-)!DG<=4;HH?@H?=;EG%H;?EAG?_%l@<;AE=L%>@CG%G<G?JGP%E@%P?=CG% <GA% ;AP% `@<GA% E@% \@LMD% EIG=?% <;E=AJ% ;EEGAE=@A% @A% ;%H?G\G??GP% =AP=C=PM;>R% EIG?GQN% L@ADG?C=AJ% =AC;>M;Q>G% L@M?EDI=H%E=<G% ;AP% GAG?JN_% #AP% EIG% Q?;=A% L=?LM=E?N% \@?% <;>G4\G<;>G%;EE;LI<GAE%PGCG>@HGP% E@% GA;Q>G% @M?% ;ALGDE@?D% E@% >=CG%`=EI% EI=D%<;EG%;E%>G;DE%>@AJ%GA@MJI%E@%?G;?%;%D=AJ>G%LI=>P%EI?@MJI%=A\;ALN%E@JGEIG?_%aT=DIG?%6FFmR%23b%%

&C@>ME=@A;?N% HDNLI@>@JN% DI;?GD% EIG% ;DDM<HE=@A% `=EI% <;AN% @\% EIG%;Q@CG% EIG@?=GD% EI;E% EIG%<G;A=AJ%@\% >@CG% =D% E@%QG% \@MAP% =A% D@<GEI=AJ%@EIG?% EI;A% EIG%H?GDGAE%H?;LE=LGD%@\% @M?% >=\G_% .E% DI;?GD% EIG% ;DDM<HE=@A%EI;E% EIG%SGN% E@%MAPG?DE;AP=AJ%@M?% >=\G%A@`% >=GD%`=EI=A% EIG%H;DE%`=EI%HDNLI@;A;>ND=D_%*A>N%`IG?G;D%HDNLI@;A;>ND=D%DG;?LIGD%\@?%;AD`G?D%=A%EIG%I=DE@?N%@\% EIG% =AP=C=PM;>R% GC@>ME=@A;?N%HDNLI@>@JN% EM?AD% =ED%J;eG%E@`;?PD% EIG% I=DE@?N% @\% @M?% DHGL=GD_% *A% EIG% `I@>GR% EIG?G% ;?G%A@EG`@?EIN% D=<=>;?=E=GD% QGE`GGA% HDNLI@;A;>ND=D% ;AP% GC@>ME=@A;?N%HDNLI@>@JNR% ;>EI@MJI% EIGN% E@P;N% P=\\G?% J?G;E>N% =A% EIG=?% L>;=<D% @\%H?GDGAE=AJ%MD%`=EI%SA@`>GPJG%EI;E%=D%DL=GAE=\=L;>>N%J?@MAPGP_62m%%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%62m% $IG% D=<=>;?=E=GD% ;?G% DM?H?=D=AJ% D=ALG% =E% @\EGA% \GG>D% EI;E% `=EI% EIG% ?=DG% ;AP%PGCG>@H<GAE%@\%L@JA=E=CG%HDNLI@>@JN%;AP%AGM?@HDNLI@>@JN%HDNLI@;A;>ND=D%I;D%L@<G%E@%H>;N%;%<MLI%D<;>>G?%H;?E%=A%H@HM>;?%P=DLMDD=@ADR%`IG?G;D%GC@>ME=@A;?N%HDNLI@>@JN%I;D% J;=AGP% ;% <MLI% >;?JG?% ?@>G% =A% EIG% `;SG% @\% EIGDG% \=G>PD% @\% ?GDG;?LI_% $I=D% <;NR%

%

2 & ( $ + $ 3 !

! !

< = G !

)@EI%HDNLI@;A;>ND=D%;AP%GC@>ME=@A;?N%HDNLI@>@JN%L;??N%=<H@?E;AE%=AD=JIED_%$IGN%;LSA@`>GPJG%EI;E%`G%;?G%QG=AJD%`I@%>=CG%EI?@MJI%E=<GR%;AP%`I@DG%H;DER%;D%`G>>%;D%`I@DG%\MEM?GR%=A\>MGALG%@M?%MAPG?DE;AP=AJ%@\% @M?% H?GDGAE_% )GEEG?% NGER% @M?% MAPG?DE;AP=AJ% @\% EIG% H?GDGAE% ;>`;ND%=<H>=GD%;%LG?E;=A%MAPG?DE;AP=AJ%@\%EIG%H;DE%;AP%EIG%\MEM?G_%"@`GCG?R%EIG% MAPG?DE;AP=AJ% EI;E% =D% GgH?GDDGP% =A% EIG% PGDL?=HE=@AD% @\%GC@>ME=@A;?N%HDNLI@>@J=DED%=D%@\EGA%<@?G%GgH?GDD=CG%@\%@M?%>=\G%EI;A%=E%=D%@\% EI;E%@\%@M?%;ALGDE@?D_625%:G?E;=A>NR% EIG?G%;?G%`;ND% =A%`I=LI% EIGN%BMGDE=@A%@M?%MAPG?DE;AP=AJ%@\%@M?% >=\GR%QN% DMJJGDE=AJR% D;NR%;D%T=DIG?%P@GDR%=A%@M?%VA;EM?;>%L@AP=E=@AX%`G%`@M>P%A@E%<;EG%\@?%>=\GR%QME%<@DE%H?@Q;Q>N%\@?%\@M?%NG;?D%`I=LI%=D%EIG%;HH?@g=<;EG%E=<G%=E%E;SGD%E@%?;=DG%;% LI=>P% @ME% @\% =A\;ALNR% ;AP% D@% @A_% *A% EIG% `I@>GR% GC@>ME=@A;?N%HDNLI@>@JN%L;A%QG% D;=P% E@%@\\G?%MD%;%P=\\G?GAE%`;N%@\%MAPG?DE;AP=AJ%@M?DG>CGD_%,GCG?EIG>GDDR%`IGA%=E%L@<GD%E@%EIG%H=LEM?GD%@\R%\@?%Gg;<H>GR%JGAPG?%?@>GD%;AP%\;<=>N%>=\G%EI;E%;?G%HME%E@%MDGR%=E%=D%@\EGA%@M?%H?GDGAE%L@ACGAE=@AD% ;AP% =AEG?GDED% E@% PG\GAP% ;% LG?E;=A%`;N% @\% >=\G% EI;E% L@<G%=AE@%H>;N_%%

K;AN% GC@>ME=@A;?N% HDNLI@>@J=DED% `@?S% ;D% =\% =E% `@M>P% QG% J=CGA%`I;E% <G;A=AJ% @M?% P=\\G?GAE% H?;LE=LGD% I;CG_% $IGN% ;DDM<G% EI;E% =E% =D%L>G;?% `I;E% HIGA@<GA@A% =E% =D% EI;E% =D% =A% AGGP% @\% GgH>;A;E=@A_% )MER% .%`@M>P%;?JMGR%EIG%GDDGAE=;>%BMGDE=@A%=A%<;AN%D=EM;E=@ADR%;AP%H?GL=DG>N%=A%L;DGD%=A%`I=LI%@AG%=D%H?@AG%E@%>@@S%\@?%;A%GgH>;A;E=@A%@\%D@<GEI=AJR%=D%7%,$%<G;A=AJ%`G%;?G%E@%DGG%=A%=E_%"G?GR%.%;>D@%DGG%EIG%J?G;E%QGAG\=ED%@\%P=DL@M?DG% ;A;>ND=D% ;AP% @EIG?% IG?<GAGME=L% ;HH?@;LIGD% E@% P=DH>;N% =A%`I;E%P=\\G?GAE%`;ND%`G%I;CG%<;PG%DGADG%@\%EIGDG%;DHGLED%@\%@M?%>=\GR%;D%`G>>%;D%?GCG;>=AJ%=A%`I;E%`;ND%LG?E;=A%L>;=<D%;?G%GgH?GDD=CG%@\%;A%=PG@>@JN%;AP%P@%A@E%H?@C=PG%MD%`=EI%;%VAGME?;>X%PGDL?=HE=@A%@\%>=\G_%%

.E% I;D% QGGA% ;?JMGP% EI;E% HDNLI@;A;>ND=D% P@GD% A@E% D@% <MLI% @\\G?%L;MDGD%\@?%@M?%QGI;C=@M?%QME%H?@C=PGD%MD%`=EI%;%AG`%`;N%@\%<;S=AJ%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%I@`GCG?R%QG%;%A;EM?;>%G\\GLE%@\%EIG=?%P=\\G?=AJ%L>;=<D%@\%QG=AJ%DL=GAE=\=L_%!IG?G;D%@AG%I;D% L@<G% E@% BMGDE=@A% HDNLI@;A;>ND=D% ;D% ;% A;EM?;>% DL=GALGR% EIG% DHGLM>;E=@AD% @\%GC@>ME=@A;?N% HDNLI@>@JN% DE=>>% EI?=CG% @A% EIG% ;DDM<HE=@A% EI;E% =E% \@?<D% ;% >GJ=E=<;EG%Q?;ALI%@\% EIG%A;EM?;>%DL=GALGD_%KN%\@>>@`=AJ%P=DLMDD=@A%DI@M>P%DI@`%D@<G%\>;`D% =A%EIG%L>;=<%EI;E%=E%=D%;%DL=GALG_%%625% l=LI;?P% ";<=>E@A% a6FF5b% DM<D% =E% MH% A=LG>N% `IGA% IG% D;NDR% XEIG% DE?GDD% @\% PG4L@AEGgEM;>=DGP% H?G\G?GALGD% GgH>;=AD% >=EE>G% ;Q@ME% ;LEM;>% QGI;C=@M?_% $IG% EGAPGALN% E@%E?G;E%L@AEGgE%;D%AMJ;E@?N%=D%LGAE?;>%E@%)MDDiD%;A;>ND=D_%.A%?G;>=ENR%I@`GCG?R%`I;E%`G%JGE%=D% A@E% ;% PGL@AEGgEM;>=DGP% H=LEM?G% QME% @AG% =A%`I=LI% ;DHGLED% @\% EIG% ?GDG;?LIG?Di% @`A%LM>EM?G%;?G% E;SGA% \@?%J?;AEGP%;AP% E?;ADH@DGP%@AE@%;%<NEI=L;>%O>G=DE@LGAGX% a727b_%$@%";<=>E@AiD%<=APR%)MDD%=D%@AG%@\%EIG%GC@>ME=@A;?N%HDNLI@>@J=DED%`I@%XE?G;E%EIG%,@?EI%#<G?=L;A% D=AJ>GD% Q;?% ;D% EIG% A@?<% @\% IM<;A% DGgM;>% QGI;C=@M?% ?;EIG?% EI;A% ;D% ;%LM>EM?;>>N%DHGL=\=L%HIGA@<GA@A_X%a";<=>E@A%6FF5R%727b%

% . & !2 & ($ + $3 !#A ! 6 # 0 & !

!

< = ; !

DGADG% @\% EIG<% a)@MC?GDDG% 7115R% /L?ME@A% 7132R% 7154711b_% $I?@MJI% EIG%H?@LGDD% @\% ;A;>ND=D% .% L@<G% E@% DGG% ;%AG`%<G;A=AJ% =A%<N% >=\GR% H;DE% ;D%`G>>%;D%H?GDGAE_%.%`@M>P%DMJJGDE%EI;E%EIG%D;<G%=D%E?MG%@\%GC@>ME=@A;?N%HDNLI@>@JN_% $I=D% =D% A@E% E@% PGAN% EI;E% <MLI% @\% @M?% >=\G% A@`% I;D%H?@Q;Q>N%QGGA%;\\GLEGP%QN%@M?%A;EM?;>%I=DE@?N%;D%;%DHGL=GD_%.%@A>N%`;AE%E@%?;=DG%EIG%BMGDE=@A%`IGEIG?%=E%=D%=APGGP%=AEG>>=J=Q>G%E@%EI=AS%EI;E%`G%L@M>P%DMLLGGP%=A%E?;L=AJ%@M?%H;DE%`=EI@ME%;>`;ND%=ACGDE=AJ%=A%=E%D@<G%@\%@M?%MAPG?DE;AP=AJ%@\%@M?%H?GDGAE_%%

";AD4hG@?J% h;P;<;?% a7118b% <;SGD% EIG% HG?\GLE>N% D@MAP%J?;<<;E=L;>% H@=AE% EI;E% EIG% =PG;% @\% ;% QGJ=AA=AJ% ;AP% ;A% GAP% ;?G%=AGgE?=L;Q>N% =AEG?E`=AGP_% /=<=>;?>N% EIG% =PG;% @\% ;% PGCG>@H<GAE%H?GDMHH@DGD%;A%MAPG?DE;AP=AJ%@\%;%QGJ=AA=AJ%;AP%;A%GAP%ah;P;<G?%7118R%73471b_%$I;E% =DR% .% E;SG% =E% =A%?G>;E=@A% E@% EI=D%P=DLMDD=@AR%`IGA%`G%;DS% I@`% D@<GEI=AJ% I;D% GC@>CGPR%`G% ?GJ;?P% EIG% H?GDGAE% DE;EG% ;D% EIG%GAP%@\%;%P=DE=ALE%H?@LGDD_%)ME%`I;E%<;N%L@<G%E@%L@MAE%;D%;%QGJ=AA=AJ%;AP% ;D% ;% H?@LGDD% >G;P=AJ% E@% =E% =D% ;>?G;PN% H?GDMHH@DGP% =A% @M?%MAPG?DE;AP=AJ%@\%`IG?G% EI=D%H?@LGDD% VGAPGPX_%$IMDR%`G%GgL>MPG% EIG%H@DD=Q=>=EN% @\% ;ANEI=AJ% AG`% ;AP% MAGgHGLEGP% I;HHGA=AJ% `I=LI% E@%h;P;<G?%=D%EIG%<;?S%@\%I=DE@?N_%%

OG?I;HD%`G% L@M>P% D;N% EI;E% EIG?G% ;?G% ;>`;ND% LG?E;=A% EI=AJD% ?;EIG?%EI;A% @EIG?D% EI;E% `G% EI=AS% ;?G% =A% AGGP% @\% ;A% GC@>ME=@A;?N%GgH>;A;E=@A_628%!G%;DS% \@?%GgH>;A;E=@AD% E@%;DHGLED%@\%@M?% >=\G% EI;E%`G%?GJ;?P%;D%=<H@?E;AER%@?%=A%AGGP%@\%DL=GAE=\=L%GgH>;A;E=@A_%,GCG?EIG>GDDR%`I;E% D;ND% EI;E% EIGDG% ;?G% EIG% PGL=P=AJ% @AGD% \?@<% EIG% HG?DHGLE=CG% @\%GC@>ME=@AR%`I=LI%=DR%@\%L@M?DGR%;%HG?DHGLE=CG%EI;E%7&%>;N%@A%@M?%>=\G%;AP%I=DE@?N_% .A% EI=D% ?GDHGLE% GC@>ME=@A;?N% HDNLI@>@JN% \;LGD% ;% H?@Q>G<% @\%C;>=P=EN_%$@%QG%;Q>G% E@%;EE?;LE% ?G;PG?DR% EIGN%I;CG% E@%;LE%;D% =\% EIGN%;?G%H?@C=P=AJ% GgH>;A;E=@AD% @\% `I;E% =D% @\% L@ALG?A% E@% MD% E@P;NR% QME% EIG=?%GgH>;A;E=@AD%DE=>>%;DH=?G%E@%QG%D@<GEI=AJ%P=DE=ALE%\?@<%EIGDG%L@ALG?AD_%#E%EIG%D;<G%E=<GR%EIG?G%=D%A@%<GEI@P%\@?%EGDE=AJ%EIG%INH@EIGDGD%EIGN%HME% \@?`;?PR% QME% EIG% `I@>G% GAPG;C@M?% ?GDED% @A% @M?% ;LLGHE;ALG% @\%LG?E;=A%PGDL?=HE=@AD%;D%>GJ=E=<;EG%G>ML=P;E=@AD%@\%@M?%IM<;A%I=DE@?N_%

TM?EIG?<@?GR%EIG%`I@>G%;EEG<HE%E@%J=CG%;A%GgH>;A;E=@A%E@%`IN%@M?%>=\G%=D%EIG%`;N%=E%=D%?GDED%@A%BM=EG%DI;SN%J?@MAP_%{>I;<%Y=><;A%a7113Qb%H@=AED% @ME% EI;E% ;>EI@MJI% `G% <;N% QG% ;Q>G% E@% J=CG% ;% I=DE@?=L;>% @?%HDNLI@>@J=L;>% GgH>;A;E=@A% E@%`IN% D@<G@AG% \;=>D% E@% >@CGR% EIG?G% =D% A@%GgH>;A;E=@A% ;D% E@% `IN% `G% >@CG% a76c476mb_% '@C=AJR% ;D% =E% `G?GR% =D% ;%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%628%.D%EIG?GR%G_J_%;A%GC@>ME=@A;?N%DE@?N%;Q@ME%`IN%`G%AGGP%;A%GC@>ME=@A;?N%DE@?NZ%*?%E@%`IN%`G%I;CG%GC@>CGP%E@%\=AP%DMADGED%QG;ME=\M>Z%%

2 & ( $ + $ 3 !

! !

< = D !

\MAP;<GAE;>%\;LE%@\%@M?%Gg=DEGALGn%`G%H?GDMHH@DG%EI;E%;%LI=>P%`I@%=D%<GE%`=EI%>@CG%`=>>%;>D@%L@<G%E@%?GDH@AP%E@%@EIG?D%=A%;%>@C=AJ%`;N_%!G%<;N% GCGA% D;N% EI;E% EIG% BMGDE=@A% HME% =A% EI=D% JGAG?;>% \@?<R% V`IN% P@%IM<;A%QG=AJD% >@CG%vzw%L@<GD% \?@<%L@A\MD=@AX%aY=><;A%7113QR%766b_%O@D=AJ%=E%=A%EI=D%\@?<%P=D?GJ;?PD%EIG%P=\\G?GAE%<G;A=AJD%=E%<;N%I;CG%E@%;DS% EIG%BMGDE=@A%V`INZX% =A%P=\\G?GAE% D=EM;E=@AD%;AP% =JA@?GD% EI;E% EI=D%BMGDE=@A%=D%A@E%;>`;ND%GBM;>>N%<G;A=AJ\M>_%

l;EIG?% EI;A% ;DD=JA=AJ% E@% GC@>ME=@A;?N% HDNLI@>@JN% a;AP%HDNLI@;A;>ND=Db% EIG% ?@>G% @\% GgH>;A;E=@AR% .%`@M>PR% EIG?G\@?GR% D;N% EIGN%I;CG%<@?G%=A%L@<<@A%`=EI%DE@?=GD%;AP%<NEID%aL\_%/L?ME@A%7138R%712b_%:@AD=PG?=AJ%EIG%>;LS%@\%<GEI@PD%\@?%EGDE=AJ%EIG=?%INH@EIGDGDR%EIG%\=G>P%;>D@%@HGAD%\@?%`=>P%DHGLM>;E=@A_%$I=D%=D%A@E%E@%P=<=A=DI%EIG%?@>G%<NEID%;AP%EG>>=AJ%DE@?=GD%<;N%I;CG%=A%@M?%>=\G_%"@`GCG?R%=\%`G%?GL@JA=eG%EI;E%EIGDG% EIG@?=GD% DG?CG% E@% GDE;Q>=DI% ;A@EIG?%`;N% @\% \=AP=AJ%<G;A=AJ% =A%@M?% >=\GR% EIGN%DI@M>P%;>D@%QG%@HGA% E@% EIG% D;<G%S=AP%@\% DL?ME=AN%`=EI%`I=LI%;AN%@EIG?%;LL@MAE%;=<=AJ%E@%;?E=LM>;EG%EIG%<G;A=AJ%@M?%>=\G%I;D%E@%MD%=D%\;LGP_%!G%AGGP%E@%QG%;Q>G%E@%BMGDE=@A%DMLI%DE@?=GDR%@?%H@=AE%E@%EG<HE;E=@AD% ;AP% P=\\=LM>E=GD% =A% EG>>=AJ% EIG<_% $IG?G% =D% A@% ?G;D@A% E@%;LLGHE% EIG<% ^MDE%QGL;MDG% EIGN%;?G%@\\G?GP%QN% DL=GAE=DED_% /L=GALGR% ;D% =E%`G?GR% P@GD% A@E% H?@C=PG% EIG% >=<=ED% \@?% I@`% `G% <;N% <G;A=AJ\M>>N%MAPG?DE;AP%@M?%>=\G_%%

$IG%BMGDE=@AD%`G%AGGP%E@%?;=DGR% EIGAR%;?GR%V:;A%`G%<;SG%DGADG%@\%@M?%>=\G%=A%EI=D%`;NZX%.D%=E%@A%EIG%`I@>G%=AEG>>=J=Q>G%E@%DHG;S%@\%>@CG%;D%;A% V=ADE=ALEXR% V;% Q=@>@J=L;>% P?=CGX% aOG?=A;% 6FFmb% @?% ;% V<GLI;A=D<%aT=DIG?%6FFmR%767bR%E@%L@<H;?G%=E%E@%;%P?MJR%;AP%D@%@AZ%!I;E%DGADG%L;A%`G% <;SG% @\% GC@>ME=@A;?N% HDNLI@>@J=DED% ;DD=JA=AJ% IM<;A%LI;?;LEG?=DE=LD% E@% DMQHG?D@A;>%@?% DMHG?HG?D@A;>%<GLI;A=D<DR% DMLI%;D%JGAGDR% EIG% DHGL=GDR% ;AP%A;EM?;>% DG>GLE=@AR% DHG;S=AJ% @\% VDMQL@ADL=@MDR%HIND=@>@J=L;>% .&@454#-5% @\% EIG% Q@PNX% a);SG?% ;AP% )G>>=D% 7115R% 735R%')!&'H%,545bR% @?% A;EM?;>% DG>GLE=@A% ;D% A@E% V@,(4-+X% ;Q@ME% @M?% =AEGAE=@AD%a);SG?%)G>>=D%7115R%735R%')!&'H%,545b_%%

!G%;>D@%AGGP%E@%;DSR%VY@%`G%7,-$%E@%<;SG%DGADG%@\%@M?%>=\G%=A%EI=D%`;NZX%!I;E% ;?G%`G% E@%<;SG% @\% ;% PGDL?=HE=@A% EI;E% H?@\GDDGD% E@% QG% ;%PGDL?=HE=@A% @\% @M?% >=\GR% QME% EI;E% `G% P@% A@E% ?GL@JA=eG% @M?DG>CGD% =AZ%/=<H>N% ;HHG;>=AJ% E@% MAL@ADL=@MD% H?@LGDDGD% P@GD% A@E% IG>HR% =\% `G%L;AA@E%J=CG%;% >ML=P%PGDL?=HE=@A%@\%`I;E% EI=D%`;N%@\%DHG;S=AJ%<G;AD_%:@AD=PG?R%\@?% =ADE;ALGR%LI=>P?G;?=AJ%`I=LI%J;=AD%;A%=<H@?E;AE%?@>G% =A%GC@>ME=@A;?N% ;LL@MAED_% .D% =E% ?G;>>N% ;% <G;A=AJ\M>% DMJJGDE=@A% EI;E% EIG%D=JA=\=L;ALG%@\%<N% LI=>P?GA% E@%<G% L;A%QG% ?GPMLGP% E@% EIG<%QG=AJ% EIG%L;??=G?D% @\% <N% Y,#% ;AP% JM;?;AE@?D% @\% EIG% DM?C=C;>% @\% EIG% DHGL=GDZ%:G?E;=A>NR% EIG?G% ;?G%<;AN% P=\\G?GAE%`;ND% =A%`I=LI% EIG% EI@MJIE% @\% ;%

% . & !2 & ($ + $3 !#A ! 6 # 0 & !

!

< = < !

Q>@@P>=AG% <;N% \=JM?G% =A% ;% >=\GR% @\% `I=LI% D@<G% <;N% I;CG% ;% L>@DG?%L@AAGLE=@A% E@% EIG% L@AD=PG?;E=@AD% @\% GC@>ME=@A;?N% HDNLI@>@JN% EI;A%@EIG?D_% "@`GCG?R% E@% L@AL>MPG% EI;E% D@<G@AGiD% D;N=AJR% VKN% LI=>P?GA%J=CG%<N%>=\G%<G;A=AJX%L@M>P%QG%G;D=>N%E?;AD>;EGP%=AE@%EIG%A@E=@A%EI;E%V>=\GiD% J?;APGDE% H?=eG% v=Dw% ;% <;EG% `I@% <;N% H;DD% EIG=?% Y,#% E@`;?P%GEG?A=ENX% aT=DIG?%6FFmR%26bR% =D% E@%<=D?GH?GDGAE% EIG% D=JA=\=L;ALG%I;C=AJ%LI=>P?GA%<;N%I;CG%E@%MD_%.E%=D%QGEEG?%E@%D;N%EI;E%DGG=AJ%?GH?@PMLE=@A%;D%EIG%<G;A=AJ%@\%>=\GR%;AP%DGG=AJ%@AGiD%LI=>P?GA%;D%EIG%<G;A=AJ%@\%@AGiD%>=\G%;?G%E`@%BM=EG%P=DE=ALE%HG?DHGLE=CGD%@A%>=\G%;AP%`I;E%=E%=D%\@?%>=\G%E@%L@AE=AMG% ;\EG?%<N% PG;EI_% &CGA% =\% "G>GA% T=DIG?% E;>SD% ;Q@ME% ?@<;AE=L%>@CG%;D%QG=AJ% \@LMDGP%@A%;A@EIG?% =AP=C=PM;>R% =E% =D%P=\\=LM>E% E@%P=DLG?A%\?@<% IG?% ;LL@MAE% ;AN% \GG>=AJ% \@?% `I;E% =E% =D% \@?% @EIG?% HG@H>G% E@% QG%=<H@?E;AE%E@%MD%;D%;ANEI=AJ%G>DG%EI;A%;D%;%V?GH?@PMLE=CG%H?=eGX%aT=DIG?%6FFmR%76mb%@?%;D%VH?GL=@MD%?GH?@PMLE=CG%CGDDG>DX%aT=DIG?%6FFmR%776b_%

.A% EIGDG% ?GDHGLED% GC@>ME=@A;?N% HDNLI@>@J=DED% \;>>% C=LE=<% E@% LG?E;=A%H?G^MP=LGD%;Q@ME%`I;E%L@ADE=EMEGD%;%DL=GAE=\=L%MAPG?DE;AP=AJ%@\%>=\G_%.E%=D%;D%=\%LG?E;=A%`;ND%@\%PGDL?=Q=AJ%>=\GR%<@?G%P=?GR%<@?G%DG>\=DIR622%EI@DG%EI;E%HG?E;=A%E@%XAGGPDXR%XP?=CGDXR%XM?JGDX%@?%X=ADE=ALEDXR%@M?%XDE?MJJ>G%\@?%DM?C=C;>XR%H?@C=PGD%;%<@?G%?G;>%MAPG?DE;AP=AJ%EI;A%P@GD%;AN%@EIG?%`;N% =A% `I=LI% `G% <;SG% DGADG% @\% @M?% >=\GR% DMLI% ;D% XQG;MENXR% X^@NXR%XJ@@PAGDDX%@?%X>@CGX_%,@E% DG>P@<%EI=D%<@CG% =AC@>CGD% EIG%H?@^GLE=@A%@\% LG?E;=A% =<;JGD% @\% @M?% H?@H@DGP% A;EM?;>% DE;EG% @A% EIG% >=\G% @\% @M?%;ALGDE@?DR%`I=LI%=D%@\EGA%HG?LG=CGP%;D%P;?SR%C=@>GAE%;AP%I@QQGD=;A_623%.A% EI=D% <;AAG?R% @AG% L?@`AD% LG?E;=A% PGDL?=HE=@AD% `=EI% EIG% GH=EIGE%XDL=GAE=\=LX%;AP%H?@H@DGD%EI;E%`G%^MDE%;LLGHE%EIGDG%;D%EIG%X$?MEIX_%%

,GCG?EIG>GDDR% E@% MDG% ;A% Gg;<H>G% EI;E% Y_!_% ";<>NA% a713cb%P=DLMDDGD%`=EI% ?G\G?GALG% E@%l_(_%&>>=@EER% =ADEG;P%@\% VE?N=AJ% E@%GgH>;=A%EIG%`;N%=A%`I=LI%EIG%LI=>P%L@<GD%E@%QGI;CG%E@%@EIG?%IM<;A%QG=AJD%=A%EG?<D%@\%`I;E%=E%\=APD%H>G;DM?;Q>G%;AP%H;=A\M>%=A%EIG%E?G;E<GAE%EI;E%=E%?GLG=CGDXR% DMJJGDE=AJR% \@?% =ADE;ALGR% EI;E% VD;E=D\;LE=@A% @\% IMAJG?% =D%H>G;D;AE%E@%EIG%LI=>PR%EIG%IMAJG?%QG=AJ%MAH>G;D;AE%;AP%GCGA%H;=A\M>X%=E%<;N%QG%QGEEG?%E@%D;N%EI;E%VDMLI%D;E=D\;LE=@A%<=JIE%QG%<@?G%>=SG%J?;LG%;AP%D;>C;E=@A%E@%=EX%a";<>NA%713cR%6cm46c5b_%l;EIG?%EI;A%?G;LI=AJ%EIG%J?;=A% @\% @M?% >=\GR% .% I;CG% E?=GP% E@% DI@`R% EIG% PGDL?=HE=@AD% @\\G?GP% QN%GC@>ME=@A;?N% HDNLI@>@J=DED% J=CG% C@=LG% E@% ;% P=DE=ALE% MAPG?DE;AP=AJ% @\%>=\G_%!G%AGGP%E@%;DS%@M?DG>CGD%`IGEIG?%DMLI%;A%MAPG?DE;AP=AJ%=D%?G;>>N%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%622%l=LI;?P%";<=>E@A% a6FF5b%;?JMGD% EI;E%GC@>ME=@A;?N%HDNLI@>@JN%L;A%QG%MAPG?DE@@P%;D%`I;E%$;>L@EE%O;?D@AD%L;>>GP%=AP=C=PM;>=DE%ME=>=E;?=;A=D<%a7mcb_%623%T?@<%;A@EIG?%H@=AE%@\%C=G`R%T=DIG?iD%;LL@MAE%L;A%@\EGA%QG%D;=P%E@%?@<;AE=L=eG%@M?%H?G4I=DE@?N_%

2 & ( $ + $ 3 !

! !

< = B !

;EEGAE=CG% E@%#0(% >=\G_%$IG% \@>>@`=AJ%P=DLMDD=@AD% DI@M>P%Q?=AJ%@ME% EI;E%EIG%`;ND%=A%`I=LI%`G%J@%;Q@ME%PGDL?=Q=AJ%@M?%>=\G%;?G%A@E%DL=GAE=\=L%=A%;AN%D=<H>G%DGADGR%QME%I;CG%;%DE?@AJ>N%<@?;>%LI;?;LEG?_%%

+ + !*&('#$'!A#*!6#0+$3!

!IG?G;D%DL=GAE=DED% E?N%E@%GgH>;=A%>@CG%QN%DG;?LI=AJ%\@?% =ED%L;MDGDR% EIG%?@;P%<@DE>N%E?;CG>GP%QN%HI=>@D@HIG?D%=D%E@%;DS%\@?%=ED%?G;D@AD_%Y@%`G%I;CG%?G;D@AD%\@?%>@CG%;AP%;?G%EIGN%`G>>4J?@MAPGPZ%/LIG<;E=L;>>NR%;A%=ACGDE=J;E=@A%@\%EI=D%D@?E%<;N%E;SG%EIG%\@>>@`=AJ%\@?<0%*AG%QGJ=AD%QN%L=E=AJ% D@<G% X`G>>4SA@`A% \;LEDX% ;Q@ME% >@CG% `I=LI% ;HHG;?% E@% QG%H?@Q>G<;E=L_%#>EI@MJI%>@CG%<;N%QG%D;=P%E@%Q?=AJ%MD%<;AN%J@@PDR%@AG%?G;>=eGDR% \@?% =ADE;ALGR% EI;E% >@C=AJ% ;>D@% =AC@>CGD% LG?E;=A% ?=DSD_% !G%QGL@<G%CM>AG?;Q>G%=A%>@CGR%D=ALG%`G%<;N%>@DG%@M?%>@CGn%@M?%>@CG%<;N%A@E%QG%?GBM=EGPR%EIG%@AG%`G%>@CG%<;N%P=G%;AP%D@%@A%a,MDDQ;M<%7138b_%*?%R%@AG%\=APD%EI;E%EIG?G%=D%D@<G%S=AP%@\%=A^MDE=LG%=A%EIG%\;LE%EI;E%`G%P@%A@E%GgEGAP% EIG% D;<G%S=AP%@\%L;?G%@?%L@AD=PG?;E=@A% EI;E%`G%DI@`%@M?%\?=GAPDR%>@CG?D%;AP%LI=>P?GA%E@%;>>%HG@H>G%;AP%EI=ASD%EI;E%EI=D%H?;LE=LG%@\% H?G\G??=AJ% @AG% HG?D@A% @CG?% ;A@EIG?% =D% =A% AGGP% @\% <@?;>%^MDE=\=L;E=@A_621%!IN%DI@M>P%`G%\=AP%=E%<@?;>>N%^MDE=\=GP%EI;E%;%IMDQ;AP%D;CGD%I=D%`=\G%=ADEG;P%@\%;A@EIG?%`@<;A%=A%;%D=EM;E=@A%`IG?G%IG%L;A%@A>N% D;CG% @AG% @\% E`@% P?@`A=AJ% HG@H>GZ% a!=>>=;<D% 7137R% 72473b_% *?R%@AG%;DSDR%`IN%`G%;?G%A@E%;D%P=DE?;MJIE%QN%EIG%\;EG%@\%DE;?C=AJ%LI=>P?GA%@A% EIG% @EIG?% D=PG% @\% EIG% H>;AGE% ;D% `G% ;?G% QN% @M?% @`A% LI=>P?GAiD%;P<=EEGP>N% >GDD% J?;CG% AGGPDZ% *?R% NGE% ;J;=AR% `I;E% C=?EMG% DI@M>P% `G%;DD=JA%E@%>@CG%L@AD=PG?=AJ%EI;E%GCGA%=\%=E%<;N%<@E=C;EG%MD%E@%P@%<MLI%J@@P%=E%;>D@%Q?=AJD%`=EI%=E%<;AN%AGJ;E=CG%\G;EM?GD%=AE@%@M?%>=CGD%`=EI%@EIG?DR%DMLI%;D%^G;>@MDN%@?%H@DDGDD=CGAGDDZ%#?G%`G%L@??GLE%E@%L@AD=PG?%>@CG%E@%QG%;%C=?EMGR%PGDH=EG%=ED%QG=AJ%;A%G<@E=@AZ%a/@>@<@A%7117b_%%

*AGR% EIGAR% H?@H@DGD% ;% D@>ME=@A% E@% EIGDG% H?@Q>G<DR% QN% H?@PML=AJ%D@<G%;?JM<GAED%E@%DI@`%`IN%EIGDG%H?;LE=LGD%<;N%DE=>>%QG%^MDE=\=GP%@?%`@?EI`I=>G_% !=EI% #?=DE@E>GR% ,MDDQ;M<% ;?JMGDR% \@?% =ADE;ALGR% VEI;E%EI@DG% CM>AG?;Q>G% ?G>;E=@ADI=HD% ;AP% EIG=?% ;DD@L=;EGP% ;LE=C=E=GD% I;CG%Q@EI%=ADE?M<GAE;>%C;>MG%;D%AGLGDD;?N%<G;AD%E@R%;AP%=AE?=AD=L%C;>MG%;D%L@<H@AGAE%H;?ED% @\% EIG%QGDE% IM<;A% >=\GX% a,MDDQ;M<%7138% cm5bR% ;AP%\M?EIG?%EI;E%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%621%/GG%);LSDE?]<%a6FF2b%\@?%;A%=A%PGHEI%L?=E=L=D<%@\%EI=D%=PG;_%%

% . & !2 & ($ + $3 !#A ! 6 # 0 & !

!

< = I !

EI=D%P@GD%A@E%HME%EIG%QGDE%>=\G%=AE@>G?;Q>N%;E%EIG%<G?LN%@\%\@?EMAG_%T@?% =E% =D% H@DD=Q>G% E@% ?G;>=eG% G;LI% @\% EIGDG% C;>MGDR% H?@HG?>N%MAPG?DE@@PR% `=EI=A% ;% >=\G% EI;E% =D% A@E% =AE@>G?;Q>N% MADE;Q>GR% @AG%EI;E% H@DDGDDGD% ;A% ;HH?@H?=;EG% IM<;A% S=AP% @\% DG>\4DM\\=L=GALN_%a,MDDQ;M<%7138R%cm5b%

*?R%@AG%;?JMGD%EI;E%`G%AGGP%E@%DGH;?;EG%EI@DG%\@?<D%@\% >@CG%EI;E%;?G%C=?EM@MD%\?@<%EI@DG%EI;E%;?G%A@ER%D=ALG%=APGGP%D@<G%>@CG%=D%L@AAGLEGP%`=EI%C=?EMG%`IG?G;D%@EIG?D% ;?G%A@E% a#=?;SD=AGA%6FF7R% 5148Fb_%*?R% @AG%L@AL>MPGD%EI;ER%PGDH=EG%EIG%LI;?JGD%EI;A%L;A%QG%<;PG%;J;=ADE% =ER% >@CG%L;A%AGCG?EIG>GDD%QG%?GJ;?PGP%;%H?=C;EG%C=?EMG%a/@>@<@A%7117b_%*?R%@AG%L>;=<D%EI;E%EIG%BMGDE=@A%`IGEIG?%=E%=D%`@?EI`I=>G%E@%>@CG%=D%;%HG?D@A;>%BMGDE=@A%EI;E%L;AA@E%QG%J=CGA%;%JGAG?;>%;AD`G?_%.E%=D%AG=EIG?%=??;E=@A;>%E@%>=CG%`=EI@ME%>@CG%A@?%=??;E=@A;>%E@%>@CG%a";>>%6FFFR%665b_%

,@E% DG>P@<%\@>>@`=AJ% =A% EIG% \@@EDEGHD%@\%#?=DE@E>GR% ;AP% EIG%C=?EMG%GEI=LD% EI;E% I;D% QGGA% P@AG% =A% I=D% A;<G% =A% EIG% >;DE% PGL;PGDR% EIGDG%HI=>@D@HIG?D% @\EGA% E;SG% EIG<DG>CGD% E@% QG% ?G;PP?GDD=AJ% EIG% L>;DD=L;>%BMGDE=@A% @\% ;AL=GAE%h?GGS% HI=>@D@HINR% X"@`% DI@M>P%`G% >=CGZX!I;E%QG>@AJD%E@%;%J@@P%aIM<;Ab%>=\GZ%Y@GD%>@CG%L@AE?=QMEG%E@%EIG%I;HH=AGDD%;AP%\>@M?=DI=AJ%@\%<GAR%;AP%=\%D@%I@`ZX%.A%D@<G%P=DLMDD=@ADR%DMLI%;D%;?JM=AJ%;J;=ADE%;AP%\@?%<;??=;JG%@?%`IGEIG?%=E%=D%H@DD=Q>G%E@%H?@<=DG%E@% >@CGR63F% `IGEIG?% >@CG?D% L;A% @?% L;AA@E% QG% \?=GAPD% a:@A>@A% 7115bR%`IGEIG?% ^G;>@MDN% I;D% ;% H>;LG% =A% >@CG% @?% =D% GgLMD;Q>G% a,GM% 6FF7bR% @?%`IGEIG?%EIG?G%;?G%MA\@?J=C;Q>G%;LEDR%EIG=?%BMGDE=@AD%L@M>P%;>D@%QG%HME%=A%EIG%`@?PD%V"@`%DI@M>P%`G%>@CGZX%

.APGHGAPGAE>N% @\% EI=D% GgH>=L=E% ;=<R% @AG% <;N%`@APG?% ;Q@ME% EIG%A;EM?G%@\% EIG=?% ?G<;?SD_%$@%`I@<%;?G% EIGN%DHG;S=AJ%;AP%\?@<%`I;E%H@=AE% @\% C=G`Z% Y@% EIGN% DHG;S% @ME% @\% EIG=?% @`A%P@MQED% ;Q@ME% >@CGR%E?N=AJ% E@% \=AP%;A%;AD`G?% E@% EIG=?%HG?D@A;>%BMGDE=@AD%;Q@ME% >@CGZ%#?G%EIG=?%`@?PD%@\\G?GP%;D%;%<G;AD%@\%L@AD@>;E=@A%E@%EIG%@AGD%MA>MLSN%=A%>@CGR% \GG>=AJ% EIGN% I;CG% >@DE% EIG% >@CG% @\% EIG=?% >=\GR% @?% ;?G% EIGN% ;A%GAL@M?;JG<GAE% A@E% NGE% E@% J=CG% MH% EIG=?% I@HGD% @A% >@CGZ% .\% EIG=?%;?JM<GAED%;?G%;=<GP%;E%EIG%@AGD%`I@%I;CG%;>?G;PN%>@DE%EIG=?%\;=EI%=A%>@CGR% \=AP=AJ% =A% >@C=AJ% ?G>;E=@ADI=HD%A@EI=AJ%QME%P@<=A;ALG%;AP% EIG%DG;?LI% \@?% EIG% D;E=D\;LE=@A% @\% D@<G% Q=@>@J=L;>% AGGPDR% EIG?G% =D% J@@P%?G;D@A%E@%DMDHGLE%EI;E%EIG%QGDE%`;N%@\%G=EIG?%L@AD@>=AJR%GAL@M?;J=AJ%@?%L@AC=AL=AJ% EIG% LNA=L% E@% QG% @?% EIG% LNA=L% H&(! 5&R% =D% A@E% QN% <G;AD% @\%;?JM<GAE_%%

.%DE?@AJ>N%P@MQE%EI;E%;%DMJJGDE=@A%DMLI%;DR%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%63F%/GG%LI;HEG?%1_%

2 & ( $ + $ 3 !

! !

< = C !

EIG%DE;Q>G?%C;>MGD%@\% EIG% =AEG>>GLEM;>%>=\G%;?G%QGDE%A@M?=DIGP%;AP%H?@<@EGP%=A%;% >=\G% EI;E% =AL>MPGD%EIGDG%?=DS=G?%L@<<=E<GAED%vzw%;AN% >=\G% EI;E% PGC@EGP% =EDG>\% GAE=?G>N% E@% D;\G% ;LE=C=E=GD%`@M>P% QGR%\@?%;%IM<;A%QG=AJR%=<H@CG?=DIGP%a,MDDQ;M<%7138R%m6Fb%

?G;>>N%I;D%EIG%H@`G?%@\%<;S=AJ%EIG%@AGD%PGDH;=?=AJ%;Q@ME%>@CG%LI;AJG%EIG=?%<=AP_%*?R% EI;E% EIG%`@?PDR%V`G%SA@`%EI;E% >;DE=AJ% >@CG%=D%L>G;?>N%`@?EI% EIG% E?@MQ>GX% a/@>@<@A% 6FF7R% 718b% L@M>P% L@AC=ALG% D@<G@AG% E@%DE;N% =A% ;% <;??=;JG% `I=LI% IG% I=<DG>\% ;AP% @EIG?D% I;CG% PGG<GP%I@HG>GDD_% /MLI% `@?PD% @\% ;PC=LG% <;N% `G>>% H>;N% ;% H;?E% =A% \?=GAP>N%L@ACG?D;E=@A_%$IGN%L@<G%=A%;%QMAP>G%=A%`G>>%<G;A=AJ%;HI@?=D<DR%DMLI%;D%$GAAND@AiDR%V.E%=D%QGEEG?%E@%I;CG%>@CGP%;AP%>@DEs$I;A%AGCG?%E@%I;CG%>@CGP%;E%;>>_X%)ME%=E%=D%A@E%L>G;?%`I;E%?@>G%EIGN%I;CG%=A%HI=>@D@HIN_%%

.\%EIGDG%HI=>@D@HIG?D%;?G%A@E%E?N=AJ%E@%L@AC=ALG%;AN@AGR%A@?%DHG;S%@ME% @\% EIG=?% @`A%<=DG?NR% `I;E% ;?G% EIGN% P@=AJZ% Y@% EIGN% ;EEG<HE% E@%^MDE=\N%EIG=?%@`A%;LE=@AD%QN%<G;AD%@\%;?JM<GAEZ%.\%EI;E%=D%EIG%L;DGR%=D%=E%A@E%E?MG%EI;E%`G%`@M>P%?;EIG?%DMDHGLE%;%HG?D@A%`I@%?G;>>N%`@APG?GP%`IGEIG?% IG% DI@M>P% DE@H% E?G;E=AJ% I=D% @`A% LI=>P?GA% ;AP% DH@MDG%P=\\G?GAE>N% EI;A% @EIG?DR% \@?% =ADE;ALGR% DE@H% J=C=AJ% EIG<% J@@P% A=JIE%S=DDGD% ;AP% IMJDR% QGL;MDG% IG% P@GD% A@E% IMJ% @?% S=DD% I=D% AG=JIQ@M?iD%LI=>P?GA%;AP%DH@MDGR% \@?%A@E%QG=AJ%D=ALG?G% =A%I=D% >@CG% \@?%I=D% DH@MDG%;AP% LI=>P?GAR% @?% EIGA% MEEG?>N% L@A\MDGPZ% /MLI% ;A% ;EE=EMPG% P@GD% A@E%QGL@<G% >GDD% DMDH=L=@MD% =\% `G% >G;?A% EI;E% EIG% @AG% `I@% P@MQEGP% EIG%?=JIEAGDD% @\% EIGDG% ;LE=@AD% L@AE=AMGP% P@=AJ% EIG<R% QGL;MDG% IG% \@MAP%EIG<% E@%QG% ^MDE=\=GP_%Y@=AJ% EIGDG% EI=AJD%MAPG?% EI;E%PGDL?=HE=@A% E;SGD%;`;N% EIG% <G;A=AJ% @\% EIGDG% `;ND% @\% DI@`=AJ% ;\\GLE=@Ap=A% @EIG?%`@?PDR%IMJJ=AJ%;AP%S=DD=AJ%D@<G@AG%;D%;A%GgH?GDD=@A%@\%>@CG%;AP%A@E%;D%;%L@ADGBMGALG%@\%?;E=@A;>%L@AD=PG?;E=@Ap@?%J=CGD%EIG<%;%<G;A=AJ%EI;E%=D%EIG%@HH@D=EG%@\%>@CG_%

$IG% BMGDE=@AD% .% I;CG% QGGA% ?;=D=AJR% @\% L@M?DGR% J@% Q;LS% @A% <;AN%JGAG?;>%BMGDE=@AD%;Q@ME%`I;E%=E%=D%E@%P@%HI=>@D@HIN%;AP%=A%H;?E=LM>;?%`I;E%<;N%QG%=AC@>CGP%=A%<@?;>%HI=>@D@HIN_%#?G%<@?;>%HI=>@D@HIG?DR%D;NR% \;LGP% `=EI% EIG% -#(',$43&% E;DS% @\% ;PC;AL=AJ% ;?JM<GAED% \@?%P=\\G?GAE% <@?;>% H@D=E=@AD% @?% L@AC=AL=AJ% MD% @\% EIG% J@@PAGDD% ;AP%?=JIEG@MDAGDD%@\% LG?E;=A%;LE=@ADZ%$IGN%;>D@% ?;=DG%BMGDE=@AD% ;Q@ME% EIG%?G>;E=@A% QGE`GGA% HI=>@D@HIN% ;AP% EIG% L>;?=\=L;E=@A% @\% HI=>@D@HI=L;>%H?@Q>G<D%;AP%@M?%H?@Q>G<D%@\% >=\G_%Y@GD%HI=>@D@HIN%<;SG%MD%QGEEG?%;HE% E@% D@>CG% @M?% @`A%HG?D@A;>% H?@Q>G<D% ;D%`G>>% ;D% EI@DG% @\% @EIG?DZ%Y@GD% =E% EM?A% MD% =AE@% D@<G% S=AP% @\% GgHG?ED% `IG?G% <@?;>=EN% =D%L@ALG?AGPZ% .R% \@?% @AGR% \=AP% =E% BM=EG% H?GH@DEG?@MD% E@% EI=AS% EI;E%HI=>@D@HIG?D% I;CG% ;ANEI=AJ%<@?G% E@% D;N% ;Q@ME% EIG% H?@Q>G<D% @\% >=\G%

% . & !2 & ($ + $3 !#A ! 6 # 0 & !

!

< = = !

EI;A%EIG%V?GJM>;?%<;AX%a@?%`@<;Ab_%&DHGL=;>>N%=\%@AG%L@AD=PG?D%<MLI%@\%`I;E%EIGN%I;CG%=APGGP%QGGA%D;N=AJ%=A%EIGDG%<;EEG?D_%%

+AP@MQEGP>NR% ;% LG?E;=A%S=AP%@\% HI=>@D@HI=e=AJ%<;N%QG% @\% IG>H% =A%L@<=AJ%E@%J?=HD%`=EI%LG?E;=A%H?@Q>G<D%aL\_%Y=><;A%7113;R%6524651R%686468cb_%!@?S%=A%HI=>@D@HIN%<;N%<;SG%MD%QGEEG?%;Q>G%E@%?GL@JA=eG%`I;E%S=AP% @\% H?@Q>G<D%`G% ;?G% I;C=AJ_%!I;E% P=\\=LM>E=GDR% \@?% =ADE;ALGR% ;?G%=AC@>CGP%=A%<;S=AJ%H?@<=DGD%;D%@HH@DGP%E@%`I;E%<;N%QG%;%P=\\=LM>EN%=A% <;S=AJ% H?GP=LE=@ADZ637% #D% .% I;CG% E?=GP% E@% DI@`% EI?@MJI@ME% EI=D%`@?SR% <;AN% @\% @M?% HI=>@D@HI=L;>% H?@Q>G<D% ;?G% ;>D@% =AE=<;EG>N%L@AAGLEGP% `=EI% @M?% H?@Q>G<D% @\% >=\G_% ,GCG?EIG>GDDR% ;A% @CG?>N%@HE=<=DE=L%QG>=G\%=A%EIG%DMH?G<;LN%@\%HI=>@D@HIN%E@%L@<G%E@%J?=HD%`=EI%@M?% H?@Q>G<D% @\% >=\G% @QDLM?GD% EIG% S=AP% @\% P=\\=LM>E=GD%`G% \;LG% =A% @M?%<@?;>%>=CGD_%$I=D%=D%E?MG%`IGEIG?%`G%L@ALG=CG%HI=>@D@HIN%;D%H?=<;?=>N%QG=AJ% L@ALG?AGP% `=EI% ?;E=@A;>% EI=AS=AJpEI;E% =DR% EIG% H=LEM?G% .% I;CG%L?=E=L=eGPp@?% =A% EG?<D% @\% G>ML=P;E=AJ% P=\\G?GAE% L@ALGHED% QN% H@=AE=AJ%@ME% EIG% MDG%`G%<;SG% @\% EIG<% =A% @M?% >=\Gp`I=LI% =D% EIG% C=G`% .% I;CG%H?@H@DGP_%$IG%G<HI;D=D%@A%?;E=@A;>%EI=AS=AJ%;>D@%?G;LIGD%=ED%>=<=ED%=\%@AG%?G<G<QG?D%EI;E%E@@%<MLI%EI=AS=AJ%<;N%D@<GE=<GD%>G;P%MD%;`;N%\?@<% ;LE=AJ% <@?;>>N% ?;EIG?% EI;A% E@`;?PD% =E_% !G% ?;E=@A;>=eG% @M?%`?@AJP@=AJ%QN% ;?JM=AJ% EI;E% @M?% ;LE=@AD%`G?G% DE=>>% ^MDE=\=GPR% EI;E%`G%I;P%DHGL=;>%?G;D@AD%\@?%A@E%E;S=AJ%@A%EIG%PG<;APD%EI;E%>@CG%<;PG%@A%MD_%%

$IG% A@E=@A% @\% <@?;>% GgHG?E=DG% EI;E% =D% HG?I;HD% <@DE% H?GJA;AE% =A%ME=>=E;?=;A% EI=AS=AJR% <;N% DGG<% EG<HE=AJ% =\% @AG% H=LEM?GD% <@?;>%H?@Q>G<D% ;D% QG=AJ% H?=<;?=>N% ?;E=@A;>% H?@Q>G<DR% ;AP% ?;E=@A;>=EN% ;D% ;%>@J=L;>%H?@LGPM?G%EI?@MJI%`I=LI%;AN%H?@Q>G<D%<;N%QG%H?@LGDDGP%;AP%;AD`G?GP% QN%<G;AD% @\% ;?JM<GAE_% T?@<% EI=D% H@=AE% @\% C=G`R% ?;E=@A;>%EI=AS=AJ% =D%BM=EG% =APGHGAPGAE% @\% EIG% @AG%`I@% =D% P@=AJ% EIG% EI=AS=AJn%EIG?G% =D% D@<GEI=AJ% DMLI% ;D% HM?G% EI@MJIE_% .A% EI=D% L;DGR% I@`GCG?R% .%`@M>P% ?;EIG?% ^@=A% EIG% <@?;>% HI=>@D@HIN% EI;E% I;D% QGGA% P@AG% =A% EIG%\@@EDEGHD% @\% !=EEJGADEG=A% =A% DE?GDD=AJ% EIG% HI=>@D@HI=L;>% ;AP% <@?;>%=AD=JIE% EI;E%<@?;>%PGL=D=@AD%;?G%QN%>@J=L%HG?D@A;>%H?@Q>G<D_%,@Q@PN%G>DG%L;A%<;SG%<N%PGL=D=@AD_%%

'=SG% :@?;% Y=;<@AP% ;AP% l;=<@AP% h;=E;% .% BMGDE=@A% EIG% \@?LG% @\%;PC;AL=AJ%;?JM<GAED%=\%@AG%`=DIGD%E@%?G\@?<%@M?%<@?;>%H?;LE=LGD%=A%;%LG?E;=A% <;EEG?R% =A% Y=;<@APiD% a7117;R% 7117Qb% L;DG% @M?% ?G>;E=@ADI=HD%`=EI%;A=<;>DR%;D%`G>>%;D%EIG%EI@MJIE%EI;E%`G%;?G%@Q>=JGP%E@%\@>>@`%EIG%a?;E=@A;>b% ;?JM<GAE% `IG?GCG?% =E% <;N% E;SG% MD% ah;=E;% 7117b_% $IG%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%637%:\_%LI;HEG?%1_%

2 & ( $ + $ 3 !

! !

< = H !

L@??MHE=AJ% DEGH% =A% ;%<@?;>% P=DLMDD=@A%<;N%A@ER% ;D% =E%`G?GR% >=G% =A% EIG%P=\\G?GAE%;AD`G?D%@AG%J=CGD%E@%LG?E;=A%BMGDE=@ADR%QME%=A%`I;E%@AG%DGGD%;D% BMGDE=@AD% =A% EIG% \=?DE% H>;LG% aY=;<@AP% 6FF6b% ;AP% ;D% ;HH?@H?=;EG%<GEI@PD%\@?%;AD`G?=AJ%EIG<_%%

!=EI% ?GDHGLE% E@% EIG% H?GDGAE% P=DLMDD=@AR% EIG% L?ML=;>% DEGH% =A% EIGDG%;LL@MAED%@\%>@CG%L;A%@\EGA%QG%DGGA%=A%I@`%EIGN%H?GDGAE%EIG%H?@Q>G<D_%O?GC=@MD>N%.%I;CG%DI@`GP%EI;E%?GJ;?P=AJ%>@CG%;D%?=DSNR%;>EI@MJI%;%?=DS%EI;E% =D% `@?EI% E;S=AJR% ?GCG;>D% EIG% Q=;D% @\% ;% DM\\=L=GAE>N% DG>\4DM\\=L=GAE%=AP=C=PM;>R% >GAP=AJ% @AGiD% C@=LG% E@% EIG% >;AJM;JG% @\% \G;?% ;AP% ;Ag=GENR%?;EIG?%EI;A%E@%EI;E%@\%>@CG0%V.%>@CG%@A>N%=\%=E%P@GD%A@E%IM?E%E@@%<MLIoX636%.A% EI;E% `;NR% `G% I;CG% ?G;D@A% E@% ;DS% \?@<% `I;E% HG?DHGLE=CG% `G% ;?G%DHG;S=AJ% `IGA% `G% ;?G% ;DS=AJ% \@?% ^MDE=\=L;E=@A% E@% >@CGR% D=ALG% =A%=AE?@PML=AJ% DMLI% ;% L@ALGHE%`G% I;CG% ;>?G;PN% ;J?GGP% MH@A% ;% LG?E;=A%MAPG?DE;AP=AJ% @\% >@CG_% $IG% D;<G% J@GD% \@?% DHG;S=AJ% ;Q@ME% >@CG% ;D% ;%H?G\G?GALGR% @?% ;D%I;D%QGGA%<;PG% =A%@EIG?%H>;LGDR% \@?% =AE?@PML=AJ% EIG%L@ALGHED% @\% VPGDG?C=AJXR% ;AP% V?G;D@ADX% =AE@% EIG% HI=>@D@HI=L;>%P=DLMDD=@A%@\%>@CG_%%

.A%>=AG%`=EI%<;AN%@EIG?%!=EEJGADEG=A=;A%HI=>@D@HIG?DR%.%`@M>P%;>D@%L>;=<%EI;E%?;EIG?%EI;A%QG=AJ%H(&5@(4H$43&!EIG%E;DS%@\%<@?;>%HI=>@D@HINR%;D%`G>>%;D%@\%HI=>@D@HINR%=D%E@%QG%.&5@(4H$43&_%"@`GCG?R%=E%?G<;=AD%E@%QG%DI@`A%`I;E% Gg;LE>N% EI=D% <G;AD% `=EI% L@ALG?A% E@%<@?;>=EN% ;AP% >@CG_%YGDL?=Q=AJ%EIG%>;AJM;JG%@\%<@?;>=EN%;AP%>@CG%=D%PGDL?=Q=AJ%;%>;AJM;JG%EI;E% =D% L>G;?>N% A@?<;E=CGR% ;AP% E?N=AJ% E@% PGDL?=QG% EI;E% >;AJM;JG% =A% ;%`;N% EI;E%P@GD%A@E% L;HEM?G% EIGDG% ;DHGLED%@\% =ER% ;D%`G%I;CG% DGGAR% =D% E@%P=DE@?E% =E_% )MER% I@`% G>DG% L@M>P% `G% P@% =E% ^MDE=LGZ% .D% EIG?G% ;% `;N% @\%DHG;S=AJ%;Q@ME%>@CG%;AP%J@@PAGDD%EI;E%=D%A@E%A@?<;E=CGZ%%

,@`R%I@`GCG?%DMLLGDD\M>%@?%MADMLLGDD\M>% .%I;CG%QGGA% =A%P@=AJ% =ER%@AG%@\%<N%;=<D%`=EI%EI=D%EIGD=D%I;D%QGGA%E@%DHG;S%;Q@ME%>@CG%`=EI@ME%<;S=AJ%A@?<;E=CG%L>;=<D_%.E%I;D%QGGA%;A%@AJ@=AJ%BMGDE=@A%EI?@MJI@ME%EIG%`@?S%`I;E%EI=D%L@M>P%<G;A%=A%H?;LE=LG%;AP%.%I@HG%EI;E%EIG%?GDE%@\%EI=D% \=A;>% LI;HEG?% `=>>% ;>D@% DG?CG% E@% EI?@`% D@<G% >=JIE% @A% EI=D%P=DLMDD=@A_%!IGEIG?%.%I;CG%DMLLGGPGP%=A%EI=DR%@?%`IGEIG?%=E%=D%=APGGP%PGD=?;Q>G%E@%DMLLGGP%=A%=ER%`=>>%\=A;>>N%QG%MH%E@%EIG%?G;PG?%E@%PGL=PG_%.%;<R%I@`GCG?R%;`;?G%EI;E%D@<G%?G;PG?D%`=>>%HG?I;HD%EI=AS%EI;E%D@<GR%@?% GCGA% <;ANR% @\% <N% ?G<;?SD% ;?G% A@?<;E=CGR% A@E% E@% D;N% @CG?>N%=PG;>=e=AJ_%.E%<=JIE%QG%@\%IG>H%;E%>G;DE%E@%E?N%E@%?GDH@AP%E@%EI=D%L>;=<_%%

*AG%`;N%@\%?GDH@AP=AJ%E@%=E%`@M>P%QG%E@%D;N%EI;E%>@CG%QN%AGLGDD=EN%=AC@>CGD%LG?E;=A%=PG;>DR%;>EI@MJI%.%`@M>P%H?G\G?;Q>N%DHG;S%@\%PG<;APD%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%636%/GG%LI;HEG?%1_%

% . & !2 & ($ + $3 !#A ! 6 # 0 & !

!

< = @ !

\@?%?G;D@AD%.%`=>>%@\\G?% >;EG?R%;AP%EI;E%.%I;CG%QGGA%E?N=AJ%E@%;?E=LM>;EG%EIGDG% PG<;APD% ;D% EIGN% ;HHG;?% \?@<% VEIG% =AD=PGX_% $I=D% \@?<M>;E=@A%E;SGD% MD% D@<G% `;NR% QME% =E% =D% A@E% L@<H>GEG>N% D;E=D\N=AJ_% $IG?G% =D% ;A%;PP=E=@A;>% ;DHGLE% ;D% E@% `I;E% @AG% <;N% \=AP% ;HH?@H?=;EG% ;AP%=A;HH?@H?=;EG% E@% D;N% ;Q@ME% >@CG_% .E% <;N% QG% D;=P% EI;E% EIG% \@?LG% @\% ;%HI=>@D@HI=L;>%?G<;?S%;>`;ND%>=GD%=A%=ED%L;H;L=EN%E@%DHG;S%E@%=ED%?G;PG?_%#%?G<;?S%L>;?=\=GD%=A%;D%\;?%;D%=E%DHG;SD%E@%D@<GEI=AJ%.%?GL@JA=eG%=A%<N%@`A%>=\G_%.A%EI;E%DGADGR%HI=>@D@HIN%=D%;>`;ND%HG?D@A;>_%$I=DR%@\%L@M?DGR%<G;AD% EI;E% EIG?G% =D% ;% LG?E;=A% =APGEG?<=A;LN% =A% `I;E% @AG% <;N%MAPG?DE;AP%;D%;%J@@P%?G<;?Sn%D@<G%?G<;?SD%DHG;S%E@%<GR%@EIG?D%>G;CG%<G% L@>P_% /@<G% @HGA% MH% E@% <G% `IGA% .% ?GEM?A% E@% EIG<% ;E% ;% >;EG?%@LL;D=@A_%%

$I=D%=D%GCGA%<@?G%D@%`IGA%=E%L@<GD%E@%>@CG_%#%HI=>@D@HI=L;>%?G<;?S%;Q@ME%>@CGR%@AG%L@M>P%D;NR%L@<GD%;>=CG%=A%EI;E%=E%GA;Q>GD%>@CG%E@%DHG;S%E@%=ED%?G;PG?_%.E%I;D%<G;A=AJ%=A%D@%\;?%;D%=E%E@MLIGD%D@<GEI=AJ%EI;E%@AG%<;N%?GL@JA=eG%=A%@AGiD%@`A%>=\G_%#E%QGDE%=E%<;N%IG>H%@AG%E@%;?E=LM>;EG%LG?E;=A%;DHGLED%@\% EIGDG%GgHG?=GALGD%<@?G%L>G;?>N_% .\% =E%P@GD%A@E%E@MLI%@AGR%@?%E@MLIGD%@AG% =A%;%H>;LG%@AG%P@GD%A@E%`;AE% E@%QG% E@MLIGPR%@AG%<;N%`G>>%?G^GLE%EIG%?G<;?SD%;D%A@?<;E=CG%@?%@CG?>N%=PG;>=e=AJ_%%

,@`R%;D%=E%=D%`=EI%;AN%HI=>@D@HIG?R%<N%EI=AS=AJ%<;N%QG%DMQ^GLE%E@%=PG;>=e;E=@ADR% JGAG?;>=e;E=@AD% @?% DMHG?\=L=;>=E=GD% `I=LI% <;N% `G>>% QG%L?=E=L=eGP_% !I;E% .% I;CG% `;AEGP% E@% DI@`R% I@`GCG?R% =D% EI;E% ;AN%P=DLMDD=@A% ;Q@ME% `I;E% =D% H@DD=Q>N% ;A% =PG;>=e;E=@A% @\% >@CG% I;D% E@% QG%<;PG% `=EI=A% EIG% >;AJM;JG% @\% >@CG_% *EIG?`=DGR% `G% ;?G% A@% >@AJG?%DHG;S=AJ% ;Q@ME% >@CG_% $IG?G% =D% A@% DGADG% =A% EI=AS=AJ% EI;E% @AG% L@M>P%^MPJG% EI=D% >;AJM;JGR% =A% =ED% GAE=?GENR% ;D% ;A% =PG;>=e;E=@A_63c% $IG?G% =D% A@%H@=AE%\?@<%`I=LI%`G%L@M>P%MAPG?DE;AP%>@CG%GgLGHE%\?@<%EIG%H@=AE%@\%C=G`% @\% @M?% @`A% >=\G% ;AP% EIG% H;?E% EI;E% >@CG% H>;ND% =A% =E_% #AN%L@ACG?D;E=@A% `G% GAEG?% =AE@% ;Q@ME% >@CG% =D% ;D% H@EGAE=;>% >@CG?DR% @?% ;D%H@EGAE=;>% DHG;SG?D% @\% EI;E% >;AJM;JG_63m% $I=D% =D% EIG%BMGDE=@A% .%`;AE% E@%EM?A%E@%\@?%EIG%?G<;=APG?%@\%EI=D%LI;HEG?_%%

$IG% `;?=AGDD% .% GgH?GDDGP% ;Q@CG% ;J;=ADE% D@<G% @\% EIG% `;ND% @\%PG;>=AJ%`=EI%>@CG%;AP%J@@PAGDD%`=EI=A%C=?EMG%GEI=LD%DI@M>P%A@E% >G;P%MD% E@% ?G^GLE% EIG% BMGDE=@A% @\% `I;E% ?G>;E=@A% >@CG% I;D% E@% ;% J@@P% @?%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%63c%:\_%LI;HEG?%3_%63m%!I;E%`G%;?G%H?GH;?GP%E@%D;N%;Q@ME%>@CGR%@?%L@AD=PG?%;%J@@P%H@=AE%E@%QG%<;PG%;Q@ME%>@CGR% =D% =AEG?A;>% E@% @M?% @`A% MAPG?DE;AP=AJ% ;AP% L;H;L=EN% \@?% >@C=AJ_% .E% EG>>D% MD%D@<GEI=AJ%;Q@ME%@M?DG>CGD_%lG^GLE=AJ%LG?E;=A%H@=AED%;Q@ME%>@CG%=D%?G^GLE=AJ%>@CG_%#AN%;EEG<HE%E@%D;N%`I;E%>@CG%=D%I;D%E@%=AC@>CG%L@<=AJ%E@%J?=HD%`=EI%`I;E%=E%<G;AD%\@?%MDR%EIG%<G;A=AJ%=E%I;D%\@?%<G_%

2 & ( $ + $ 3 !

! !

< H G !

<G;A=AJ\M>% >=\G_% l;EIG?% .% E;SG% EIG<% ;D% ;A% GAL@M?;JG<GAE% E@% ;EEGAP%<@?G% L;?G\M>>N% E@% EIG% S=AP% @\% BMGDE=@A% EI=D% =D_% "@`% ;?G% `G% QGDE% E@%MAPG?DE;AP% EIG% ?G>;E=@A% QGE`GGA% >@CGR% I;HH=AGDDR% J@@PAGDD% ;AP%<G;A=AJZ%%

*AG%`;N%@\%=ACGDE=J;E=AJ%EI=D%?G>;E=@A%=D%E@%E;SG%;%DE?=LE>N%G<H=?=L;>%;HH?@;LI% E@% EIG%BMGDE=@A_%$I=D% =D% EIG%<GEI@P% DMJJGDEGP%QN%#?=DE@E>G%;AP%E;SGA%MH%QN%I=D%\@>>@`G?D_%/=<H>N%J@%@ME%;AP%>@@S%;E%EIG%C=?EM@MD%<;Ao%Y@GD%IG%>@CGR%P@GD%IG%I;CG%\?=GAPDZ%.\%D@R%EIGA%L>G;?>N%>@CG%;AP%\?=GAPDI=H% I;CG% D@<GEI=AJ% E@% P@% `=EI% IM<;A% \>@M?=DI=AJ_% .A% EI=D%\;DI=@AR%,MDDQ;M<%a7138R%c5mb%?GHG;EGP>N%;AP%;HH?@C=AJ>N%L=EGD%I=<%D;N=AJ%EI;E%H%484,635%V=D%A@E%@A>N%AGLGDD;?N%QME%;>D@%A@Q>Gn%\@?%`G%H?;=DG%EI@DG%`I@% >@CG% EIG=?% \?=GAPDR% ;AP% =E% =D% EI@MJIE% E@% QG% ;% \=AG% EI=AJ% E@%I;CG%<;AN%\?=GAPDn%;AP%;J;=A%`G%EI=AS%=E%=D%EIG%D;<G%HG@H>G%EI;E%;?G%J@@P%<GA%;AP%;?G%\?=GAPDX%a#?=DE@E>G%715mR%7755;634c6b_%,@E%@A>N%P@GD%H%484,%a@?%\?=GAPDI=Hb%I;CG%D@<GEI=AJ%E@%P@%`=EI%EIG%J@@P%>=\G_%.E%=D%@AG%@\% =ED% I=JIGDE% C;>MGD_% .E% =D% V=AE?=AD=L;>>N% J@@P% ;AP% \=AGX% a,MDDQ;M<%7138R%c5mb_%%

YGDH=EG% EIG% DMLLGDD% #?=DE@EG>=;A% C=?EMG% GEI=LD% I;D% I;P% =A%<@PG?A%<@?;>%HI=>@D@HINR%EI=D%;HH?@;LI%=D%H?@Q>G<;E=L%=A%<;AN%?GDHGLED_%T@?%@AGR% =E% E;SGD% ;% H?GP@<=A;AE>N% ;GDEIGE=L;>% ;HH?@;LI% E@% J@@PAGDDR% QN%`I=LI%.%<G;A%EI;E%=ED%G<HI;D=D%=D%@A%`I;E%EIG%J@@P%>=\G%8##C5%>=SG_%$I=D%`;N% @\% DHG;S=AJ% ;Q@ME% @M?% <@?;>% >=\G% =D% \;=EI\M>% E@% #?=DE@E>GiD%@CG?;?LI=AJ% ;EEG<HE% E@% J=CG% ;% PGDL?=HE=@A% @\% EIG% V;HHG;?;ALGDX%aH%,4-#'&-,b% @\% IM<;A% >=\G_% "=D% L@ALG?AR% ;D%,MDDQ;M<% DI@`DR% =D% E@%DI@`% Vx`I;E% `G% QG>=GCGi% @?% x`I;E% `G% D;NiX% =A% @M?% @?P=A;?N% >=\G%a,MDDQ;M<%7138R%6m7bR%QN%L@AE?;DE%E@%EIG%O>;E@A=L%H?G@LLMH;E=@A%`=EI%=PG;>%@Q^GLED%@?%\@?<D_%$I=D%=AD=DEGALG%@A%QG=AJ%E?MG%E@%IM<;A%>=\G%;AP%DGAD=E=CG%E@%=ED%PGE;=>D%=D%=APGGP%L@<<GAP;Q>G_%K@DE%H?@Q;Q>N%=E%=D%@AG%?G;D@A% \@?% EIG% H@HM>;?=EN% @\% #?=DE@EG>=;A% C=?EMG% GEI=LDn% ;E% >G;DE%,MDDQ;M<% =D% L@AC=ALGP%QN% EIG%IM<;A=E;?=;A% DE?;AP%@\%I=D% EI=AS=AJ_%l;EIG?% EI;A% H?@H@D=AJ% MA=CG?D;>% D@>ME=@AD% E@% <@?;>% H?@Q>G<DR% =E%G<HI;D=eGD% EIG% AGGP% \@?% HG?LGHE=@AR% =<;J=A;E=@A% ;AP% DGAD=E=C=EN% =A%<@?;>% ;LE=@AD_% $IG% C=?EM@MD%<;AiD% =AL>=A;E=@A% E@% P@%`I;E% =D% ?=JIE% =D%GgH>;=AGP% QN% I=D% LI;?;LEG?R% GgHG?=GALG% ;AP% H?;LE=L;>% `=DP@<R% ?;EIG?%EI;A% QN% I=D% L@<<=E<GAE% E@% LG?E;=A% JGAG?;>% @Q>=J;E=@AD% @?% EIG%L@ADGBMGALGD% @\% I=D% ;LE=@ADR%`I=LI% =D% DMJJGDEGP% QN% PG@AE@>@J=L;>% @?%EG>G@>@J=L;>%GEI=LD%?GDHGLE=CG>N_%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%635%/GG%,MDDQ;M<%a7138b%\@?%;%L@<<GAE%@\%`IN%VH%484,K%L;AA@E%D=<H>N%QG%E?;AD>;EGP%;D%V\?=GAPDI=HX%ac63R%c5mb_%

% . & !2 & ($ + $3 !#A ! 6 # 0 & !

!

< H ; !

)ME% GCGA% =\% EIG?G% ;?G% ;PC;AE;JGD% E@% EI=D% `;N% @\% PGDL?=Q=AJ% @M?%<@?;>% HDNLI@>@JNR% \@LMD=AJ% @A% LI;?;LEG?% ?;EIG?% EI;A% @A% MA=CG?D;>%?M>GDR%EI=D%L@<<=E<GAE%E@%;HHG;?;ALGD%=D%DE?;AJG>N%;E%@PPD%`=EI%D@<G%@\% @M?% @EIG?% <@?;>% =AEM=E=@AD_% T@LMD=AJ% @A% `I;E% =D% JGAG?;>>N%L@AD=PG?GP% E@% QG% J@@P% P@GD% A@E% <;SG% ;% L>G;?% GA@MJI% P=DE=ALE=@A%QGE`GGA%EIG%`;ND%=A%`I=LI%`G%<;N%EI=AS%EI;E%D@<GEI=AJ%=D%E?M>N%J@@P%@?% QG;ME=\M>% ;AP% EI=AS% EI;E% =E% <G?G>N% DGG<D% E@% QG% D@_% .E% =D% E?MG% EI;E%#?=DE@E>G% ;>D@% @\\G?D% L?=EG?=;% \@?% P=DE=AJM=DI=AJ% JGAM=AG% H%484,% \?@<%@EIG?% `;ND% @\% >=S=AJ% D@<G@AG% @?% D@<GEI=AJ_% T?=GAPDI=HR% E@% I=<R%=AC@>CGD%EIG%<MEM;>%?GL@JA=E=@A%EI;E%@AG%`=DIGD%EIG%@EIG?%J@@P%\@?%I=D%@`A%D;SG%;AP%A@ER%D;NR%EIG%H>G;DM?G%@?%ME=>=EN%IG%Q?=AJD%a#?=DE@E>G%715mR%7755Q63\\b_%&CGA%D@R%`G%<;N%EI=AS% EI;E%D;E=D\N=AJ% EIGDG%@MEG?%L?=EG?=;%@\% <MEM;>% `G>>4`=DI=AJ% P@GD% A@E% L;HEM?G% EIG% D=JA=\=L;ALG% ;A@EIG?%IM<;A% QG=AJ% I;D% E@% <G% =A% >@CG_% $IG?G% ;?G% ?G>;E=@AD% EI;E% `G% L@M>P%PGDL?=QG% =A% EI=D% \;DI=@A%`=EI@ME% ?GJ;?P=AJ% EIG<% ;D% \?=GAPDI=HDR% ;AP%EIG?G%;?G%\?=GAPDI=HD%=A%`I=LI%`G%<;N%BMGDE=@A%D@<G@AGiD%>@CG%GCGA%=\% EIGDG% L@AP=E=@AD% ;HHG;?% E@% QG% D;E=D\=GP% @A% EIG% @MED=PG_% $IG%`I@>G%=PG;%@\%J=C=AJ%JGAG?;>%L?=EG?=;%\@?%`I;E%=E%=D%E@%>@CG%@?%QG%\?=GAPD%`=EI%D@<G@AG% <;N% QG% L?=E=L=eGP% \@?% >G;C=AJ% @ME% EIG% =AIG?GAE>N% H,($4@08,(!LI;?;LEG?%@\%>@CG%;AP%\?=GAPDI=H_%%

$IG?G\@?GR%=E%<;N%QG%;?JMGP%EI;E%EI=D%CG?D=@A%@\%GEI=LDR%?;EIG?%EI;A%<G?G>N%PGDL?=Q=AJ%J@@PAGDD%@?%<@?;>=ENR%H?GDMHH@DGD%;AP%H?GDL?=QGD%;%LG?E;=A%C=G`%@\% =E_%$I=DR%;J;=AR% =D%A@E%;ANEI=AJ%#?=DE@E>G%`@M>P%PGAN_%$@% QG% ;Q>G% E@% ;HH?GL=;EG% EIG% C=?EMGDR% #?=DE@E>G% G<HI;D=eGD% EI;E% `G%AGGP% E@% H@DDGDD% D@<G% @\% @M?% @`A_% #>EI@MJI% .% `@M>P% A@E% HME% EI=D%?G;>=e;E=@A%=A%EIG%Gg;LE%D;<G%EG?<DR%=E% =D% =APGGP%=<H@?E;AE_%!I;EGCG?%`G% D;N% ;Q@ME% <@?;>=ENR% =E% `=>>% E@% D@<G% GgEGAE% ?GCG;>% `I;E% `G% ;?G%`=>>=AJ%E@%;LLGHE%;D%<@?;>%QG=AJD%@M?DG>CGD_%.E%P@GDR%I@`GCG?R%L@A\?@AE%MD% `=EI% ;% BMGDE=@A% EI;E% L@ALG?AD% A@E% @A>N% EIG% L@??GLEAGDD% @\% I=D%PGDL?=HE=@A%@\%<@?;>=EN%QME%;PP?GDDGD%EIG%S=AP%@\%<@?;>=EN%IG%=D%J=C=AJ%C@=LG% E@_% $IG% BMGDE=@A% EI;E% =D% L;>>GP% E@% EIG% \@?G% =D% A@E% `IGEIG?% I=D%GEI=LD% =D% PGDL?=HE=CG% @\% @M?% a<@?;>b% >=\GR% QME% =A%7%,$! C4-.! #*! 84*&% =E% =D%;HH?@H?=;EG% E@% PGDL?=QG% @AGiD% <@?;>% L@ALG?AD% =A% DMLI% ;% `;N_% !I;E%S=AP%@\%;EE=EMPG%E@`;?PD%>=\G%P@GD%EI=D%C=G`%@\%<@?;>=EN%GgH?GDDZ%%

$IG% =<;JG% @\% EIG% C=?EM@MD% HG?D@A% @AG% =D% >G\E% `=EI% ;\EG?% ?G;P=AJ%#?=DE@E>G% =D% @\% D@<G@AG% ?G>;E=CG>N% ;LL@<H>=DIGP% ;AP% DG>\4DM\\=L=GAER%I;C=AJ% ;% LG?E;=A% H@D=E=@A% =A% D@L=GENR% QG=AJ% ;A% @Q^GLE% @\% H?;=DG% ;AP%;P<=?;E=@A_% a.A% ;% D=<=>;?% <;AAG?R% @AG% <;N% \GG>% EI;E% ,MDDQ;M<iD%HI=>@D@HIN%;>D@% DHG;SD% E@%;%P=DE=ALE%L>;DD%@\%HG@H>GR%`G>>4?G;P% =A% EIG%:>;DD=LD%`=EI%;%P=DE=AJM=DIGP%E;DEG%\@?%\=AG%>=EG?;EM?G_b%$I=D%=<;JG?NR%;D%`G>>%;D%EIG%G<HI;D=D%@A%;HHG;?;ALGR%=D%A@E%DM?H?=D=AJ%L@AD=PG?=AJ%EI;E%

2 & ( $ + $ 3 !

! !

< H D !

EIG% <@?;>=EN% @\% ;AL=GAE% h?GGLG% E@% ;% J?G;E% GgEGAE% `;D% ;% <@?;>=EN% @\%I@A@M?_%!I;E%<;N% DE?=SG% @AG% ;D% DM?H?=D=AJ% =D% ?;EIG?% EIG% ;<@MAE% @\%H@D=E=CG% ?GDH@ADG% EI=D% ?G;P=AJ% I;D% <GE% `=EI% =A% <@PG?A% <@?;>%HI=>@D@HIN_% $I=D% =D% GDHGL=;>>N% DM?H?=D=AJ% L@AD=PG?=AJ% EI;E% =E% =D% P@AG%;J;=ADE%EIG%Q;LSP?@H%@\%;%LM>EM?G%;AP%E?;P=E=@A%`I=LI%I;D%<;=A>N%QGGA%=A\>MGALGP%QN%;%?G>=J=@A%`I=LIR%PGDH=EG%EIG%=<H;LE%h?GGS%EI=AS=AJ%I;P%@A%G;?>N%:I?=DE=;A%EIG@>@JNR%;PC@L;EGD%;%<@?;>=EN%@\%>@CG_638%%

!I;EGCG?%`G%L@AL>MPG%@A% EI=D%A@EGR%`G%;?G% >G\E%`=EI% EIG%BMGDE=@A%`IGEIG?%EI=D%MAPG?DE;AP=AJ%@\%<@?;>=EN%=D%=APGGP%=>>M<=A;E=AJ%`IGA%=E%L@<GD%E@%>@CG_%$IG%JGAG?;>%\?;<G`@?S%=A%`I=LI%<@?;>=EN%=D%P=DLMDDGP%`=EI=A% EIG% #?=DE@EG>=;A% ;LL@MAE% =D% QM=>E% ;?@MAP% EG?<D% DMLI% ;D%VGgLG>>GALGX% ;AP% V;P<=?;E=@AXR% V?=DSX% ;AP% VQ;>;ALGX_% .E% =D%BMGDE=@A;Q>G%I@`%DM=E;Q>G%EI=D%\?;<G`@?S%=D%\@?%L@ALGHEM;>=e=AJ%>@CG_%.A% =ED%G<HI;D=D%@A%DG>\4DM\\=L=GALNR% EIG%#?=DE@EG>=;A%;LL@MAE% E;SGD% EIG%=AP=C=PM;>% ;D% =ED% DE;?E=AJ% H@=AE_% &CGA% =\% ,MDDQ;M<% G<HI;D=eGD% EI;E%#?=DE@E>G% Q;DGD% IM<;A% GgLG>>GALG% @A% EIG% D@L=;>% A;EM?G% @\% EIG% IM<;A%QG=AJR% L>;=<=AJ% EI;E% E@% I=<% V;>>% @\% GgLG>>GALG% I;D% ;A% @EIG?4?G>;EGP%;DHGLEX%;AP%EI;E%VHG?D@A;>%>@CG%;AP%H@>=E=L;>%;DD@L=;E=@A%;?G%A@E%@A>N%=<H@?E;AE%L@<H@AGAED%@\% EIG%J@@P%IM<;A%>=\G%QME%;>D@%AGLGDD;?N%\@?%EIG% L@AE=AMGP% \>@M?=DI=AJ% @\% J@@P% LI;?;LEG?% JGAG?;>>NX% a,MDDQ;M<%7138R% m73bR% EIG% \@LMD% =D% DE=>>% @A% EIG% =AP=C=PM;>%HG?D@A_% .E% ;DSD%`I;E% =E%E;SGD%\@?%<G%E@%\>@M?=DIR%E@%QG%;%C=?EM@MD%HG?D@A_%$IG%J@@PAGDD%@\%>@CG%;AP% @EIG?% HG@H>G% =D% L@AD=PG?GP% E@% QG% ?G>;E=CG% E@% EIG=?% ;Q=>=EN% E@%DE?GAJEIGA%<N%LI;?;LEG?_%%

$IG%\@LMD%@\%>@CGR%I@`GCG?R%;D%.%I;CG%E?=GP%E@%DI@`%EI?@MJI@ME%EI=D%`@?SR% =D% ?;EIG?% ?G>;EGP% E@% @EIG?D_% .E% =AC@>CGD% EIG% ?GL@JA=E=@A% EI;E%VD@<GEI=AJ% @EIG?% EI;A% @AGDG>\% =D% ?G;>X% aKM?P@LI% 7112bR% EI;E% @EIG?D%L@ADE=EMEG% ;% ?G;>=EN% EI;E% =D% =APGHGAPGAE% @\% <G% ;AP% EI;E% EIGN% <;N%<;EEG?% E@% <G% =A% `;ND% EI;E% L;AA@E% QG% L;HEM?GP% =A% EG?<D% @\% <G?G>N%V`;AE=AJ%EIG=?%J@@P%\@?%EIG=?%@`A%D;SGX_%.E%=D%@A>N%E@%QG%GgHGLEGP%EI;E%;A% ;LL@MAE% @\% >@CG%`I=LI% E;SGD% EI=D% @EIG?4?G>;EGPAGDD% ;D% =ED% DE;?E=AJ4H@=AE%`=>>%<;SG% MDG% @\% BM=EG% P=\\G?GAE%`@?PD% ;AP% L@ALGHED% EI;A% EIG%@AG%G<HI;D=e=AJ%C=?EMGD_%%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%638% ";AAGD% ,NSUAGA% a6FF6b% I;D% P=DLMDDGP% EIGDG% ;DHGLED% @\% :I?=DE=;A% ;AP% h?GGS%<@?;>=EN%<@?G%EI@?@MJI>N_%*AG%?G;D@A%\@?%EM?A=AJ%E@%EIG%;AL=GAE%h?GGS%L@ALGHE=@A%@\%<@?;>=EN%=A%EIG%;EEG<HE%E@%QM=>P%;A%GEI=L;>%DNDEG<%L;AR%@\%L@M?DGR%QG%DGGA%=A%EIG%`=DI%E@%EM?A%;%`;N%\?@<%;%?G>=J=@MD%L@ALGHE=@A%@\%<@?;>=EN% E@%;A%GEI=LD% EI;E% =D%;Q>G% E@%<;SG%<@?G% MA=CG?D;>% L>;=<D_% #E% >G;DE% ,MDDQ;M<R% =A% IG?% >;EG?% `?=E=AJDR% =D% @\\=L=;>>N%L@<<=EEGP%E@%EIG%;EEG<HE%E@%\@?<M>;EG%;%IM<;A=DE%GEI=LD%`I=LI%=D%C;>=P%=A%;%H>M?;>=EN%@\%LM>EM?GD%;AP%;J;=ADE%P=\\G?GAE%Q;LSJ?@MAPD_%

% . & !2 & ($ + $3 !#A ! 6 # 0 & !

!

< H < !

$I=D% =D%A@E% E@% D;N% EI;E% EIG?G% ;?G% LG?E;=A%`;ND% =A%`I=LI%`G% L;A%@?%DI@M>P% E;>S% ;Q@ME% >@CG% ;AP% @EIG?D% =A% `I=LI% =E% =D% A@E% H@DD=Q>G_% $IG%BMGDE=@A% =D% ?;EIG?% `I;E% =E% <;N% <G;A% E@% E;>S% ;Q@ME% >@CG% =A% EIGDG%P=\\G?GAE%`;ND_%!I;E%P@GD%>@CG%L@<G%E@%<G;A%=\%`G%L@ALGHEM;>=eG%=E%=A%EG?<D% @\% C=?EMGDZ% .D% EI=D% EIG% S=AP% @\% <G;A=AJ% `G% DGG% =A% >@CGZ% $IG%=AE?@PMLE@?N%H@G<%QN%&?=LI%T?=GP%GgH?GDDGD%`=EI% DE?=S=AJ%L>;?=EN% EIG%P=\\G?GAE%<G;A=AJD% >@CG%<;N%I;CG% \@?%MD%PGHGAP=AJ%@A%@M?%H@=AE%@\%PGH;?EM?G%;AP%EIG%;EE=EMPGD%`G%E;SG%E@%=E_%YGHGAP=AJ%@A%`IGEIG?%`G%;HH?@;LI% EIG% H?@DHGLE% @\% >@CG% \?@<% EIG% HG?DHGLE=CG% @\% ?G;D@A% ;AP%L;>LM>;E=@AR% \G;?% ;AP% H?=PGR% =E% <;N% DE?=SG% MD% ;D% MA?G;D@A;Q>GR%MA\@?EMA;EGR% H;=A\M>% @?% >;MJI;Q>G_% /HG;S=AJ% \?@<% GgHG?=GALG% =E%<;N%GCGA%D@MAP% =<H@DD=Q>G_%)GL@<=AJ%L>G;?%;Q@ME%@M?% DE;?E=AJ%H@=AER% EIG%`@?PD%`G%MDG%E@%;HH?@;LI%>@CGR%=D% EIG?G\@?G%@\% =<<GADG%=<H@?E;ALGR%D=ALG%=E%;\\GLED%EIG%@MEL@<G%@\%@M?%=ACGDE=J;E=@AD_%%

$IG% AGGP% \@?% ;DS=AJ% =A% `I;E% \?;<G`@?S% @AG% QGJ=AD% @AGiD%P=DLMDD=@AD% ;>D@% L@ALG?AD% EIG% <@?G% JGAG?;>% \?;<G`@?S% =A% `I=LI%HI=>@D@HIG?D% P=DLMDD% >@CG_% .?=D% KM?P@LI% L?=E=L=eGD% EIG% A@E=@A% EI;E% ;%HI=>@D@HI=L;>% ;A;>ND=D% @\% EIG% <=AP% L@M>P% H?@C=PG% MD% `=EI% ;% J@@P%MAPG?DE;AP=AJ%@\%<@?;>=EN_%/IG%L=EGD%/EM;?E%";<HDI=?G%;D%D;N=AJ%VEI;E%x=E%=D%EIG%L@ADE?MLE=CG%E;DS%@\%;%HI=>@D@HIN%@\%<=AP%E@%H?@C=PG%;%DGE%@\%EG?<D% =A% `I=LI% M>E=<;EG% ^MPJG<GAED% @\% C;>MG% L;A% QG% CG?N% L>G;?>N%DE;EGPi_X%aKM?P@LI%7112R%cFFb_%/IG%L@AL>MPGD0%%

.A% EI=D% MAPG?DE;AP=AJ% @\% =ER% HI=>@D@HIN% @\% <=AP% =D% EIG%Q;LSJ?@MAP%E@%<@?;>%HI=>@D@HINR% EIG%?G;D@AD% \@?% EI=D%;?G% E@%QG%D@MJIE% =A% LM??GAE% HI=>@D@HIN% @\% <=AP% ;AP% =A% EIG% \;DL=A;E=AJ%H@`G?% @\% ;% LG?E;=A% H=LEM?G% @\% EIG% D@M>_% *AG% DMDHGLED% EI;E%HI=>@D@HIN% @\% <=AP% I;D% A@E% =A% \;LE% QGGA% HG?\@?<=AJ% EIG% E;DSR%`I=LI% O?@\GDD@?% ";<HDI=?G% ?GL@<<GAPDR% @\% D@?E=AJ% ;AP%L>;DD=\N=AJ% \MAP;<GAE;>% <@?;>% =DDMGDn% =E% I;D% ?;EIG?% QGGA%=<H@D=AJ%MH@A%MD%;%H;?E=LM>;?%C;>MG%^MPJG<GAE%=A%EIG%JM=DG%@\%;%EIG@?N%@\%IM<;A%A;EM?G_%aKM?P@LI%7112R%cFFb%

TM?EIG?R%DIG%DMJJGDED%EI;E%%;A%;EEG<HE%E@%H?@PMLGR%=\%A@E%;%L@<H?GIGAD=CG%;A;>ND=DR%;E%>G;DE%;%?=C;>%D@M>%H=LEM?G%`I=LI%L@CG?D%;%J?G;EG?%@?%;%P=\\G?GAE%EG??=E@?N%DI@M>P%<;SG%AG`%H>;LGD%\@?%HI=>@D@HI=L;>%?G\>GLE=@A_%!G%`@M>P%>=SG%E@%SA@`%`I;ER%;D%<@?;>%;JGAEDR%`G%I;CG%J@E%E@%P@%QGL;MDG%@\%>@J=LR%`I;E%`G%I;CG%J@E%E@%P@%QGL;MDG%@\%IM<;A%A;EM?GR%;AP%`I;E%`G% L;A% LI@@DG% E@% P@_% /MLI% ;% H?@J?;<<G% =D% G;DN% E@% DE;EG%;AP%HG?I;HD%=<H@DD=Q>G%E@%L;??N%@ME_%)ME%GCGA%E@%P=DL@CG?%`I;ER%MAPG?%EIGDG%IG;P=AJD%`G%@,-%;LI=GCG%LG?E;=A>N%PG<;APD%;%<MLI%<@?G%L@<H>Gg%;AP%DMQE>G%L@ALGHEM;>%DNDEG<%EI;A%;AN%`I=LI%`G%L;A%\=AP%?G;P=>N%;C;=>;Q>G_%aKM?P@LI%7112R%cFFb%

2 & ( $ + $ 3 !

! !

< H B !

';?D%"G?EeQG?J%I;D%DMJJGDEGP%EI;E%`G%?G;P%KM?P@LI%;D%G<HI;D=e=AJ%EIG% AGGP% \@?% ;% J=CG4% ;AP% E;SG% ?G>;E=@ADI=H% QGE`GGA% <@?;>=EN% ;AP%HDNLI@>@JNR% @?% QGE`GGA% <@?;>% HI=>@D@HIN% ;AP% EIG% HI=>@D@HIN% @\%<=AP_%.%I;CG%J?G;E%DN<H;EIN%`=EI%DMLI%;%?G;P=AJR%L@AD=PG?=AJ%EI;E%.%=A%<;AN%H>;LGD%DGG%<N%=ACGDE=J;E=@AD%;D%DE;?E=AJ%@\\%;E%EIG%=AEG?DGLE=@A%@\%EIGDG%E`@%Q?;ALIGD%@\%HI=>@D@HIN_%)N%H;N=AJ%;EEGAE=@A%E@%I@`%<;AN%BMGDE=@ADR%DMLI%;D%BMGDE=@AD%@\%=PGAE=ENR%G<@E=@ADR%QG>=G\DR%PGD=?GD%;AP%MAPG?DE;AP=AJR%`I=LI%I;CG%@\EGA%QGGA%P=DLMDDGP%MAPG?%EIG%IG;P=AJ%@\%;%HI=>@D@HIN%@\%EIG%<=APR%I;CG%;%<@?;>%P=<GAD=@AR%.%I;CG%`;AEGP%E@%DI@`% I@`% ;A% MAPG?DE;AP=AJ% @\% EIGDG% BMGDE=@AD% ;D% <@?;>% BMGDE=@AD%<;N% E?;AD\@?<%@M?%MAPG?DE;AP=AJ% @\% EIGDG% ;DHGLED% @\% @M?% >=\G% =A% EIG%HI=>@D@HIN%@\%<=AP_%#E%EIG%D;<G%E=<GR%<;AN%@\%<N%P=DLMDD=@AD%;Q@ME%EIG% ?@>G% @\% <@?;>% HI=>@D@HIN% `=EI% ?GJ;?PD% E@% BMGDE=@AD% ;Q@ME% >@CG%I;CG% QGAG\=EGP% \?@<% =ACGDE=J;E=@AD% EI;E% I;CG% H?=<;?=>N% QGGA%L@APMLEGP%=A%EIG%HI=>@D@HIN%@\%<=AP_632%%

!I;E% .% I;CG%`;AEGP% E@% DI@`% E@% QG% H?@Q>G<;E=LR% I@`GCG?R% ;AP% .%EI=AS%EI=D%=D%;>D@%D@<GEI=AJ%;E%`I=LI%KM?P@LIiD%;?JM<GAE%=D%;=<GPR%=D%EIG%L@AC=LE=@A%EI;E%@AG%L@M>P%D@>CG%BMGDE=@AD%=A%<@?;>%HI=>@D@HIN%QN%;EEGAP=AJ%E@%BMGDE=@AD%=A%EIG%HI=>@D@HIN%@\%<=AP_%.E%<;N%DGG<%EI;E%EIG%HI=>@D@HIN% @\%<=AP% H?@C=PGD% MD%`=EI% ;%<@?G% AGME?;>% DE;?E=AJ% H@=AE%EI;A%<@?;>%HI=>@D@HIN%`IGA%=E%L@<GD%E@%J=C=AJ%J?@MAPD%\@?%I@`%`G%>=CG_% $I=D% H=LEM?GR% I@`GCG?R% =D% =>>MD@?N_633% .E% =D% A@E% <G;A=AJ\M>% E@%MAPG?DE;AP% EIG% BMGDE=@A% L@ALG?A=AJ% EIG% ?G>;E=@A% QGE`GGA% >@CG% ;AP%J@@PAGDD%;D%D=<H>N%QG=AJ%;%BMGDE=@A%;Q@ME%EIG%H;?E%>@CG%I;D%E@%H>;N%=A%EIG%J@@P% >=\Gn%`IGEIG?% =E% L@AE?=QMEGD% E@% =E%@?% =D%;A% =AE?=AD=L%H;?E%@\% =E_%!G%AGGP%E@%;DS%`I;E%S=AP%@\%<G;A=AJ%DHG;S=AJ%;Q@ME%J@@PAGDD%I;D%=A%>@CGR%=A%EIG%\=?DE%H>;LG_%$IMDR%EIG%BMGDE=@A%.%`;AE%E@%HM?DMG%=D%`I;E%=E%<;N% <G;A% E@% MAPG?DE;AP% EIG% ?G>;E=@A% QGE`GGA% >@CG% ;AP% J@@PAGDDR%I;HH=AGDD%@?%<G;A=AJ\M>AGDD%;D%;A% =AEG?A;>% ?G>;E=@A_% .A%@EIG?%`@?PDR%=A%`I;E%`;ND%=D%@M?%L@ALGHE%@\%J@@PAGDD%;AP%I;HH=AGDD%PGHGAPGAE%@A%@M?%MAPG?DE;AP=AJ%@\%>@CGZ%

*AG% H?@Q>G<% `=EI% EIG% #?=DE@EG>=;A% ;LL@MAE% =D% EI;E% =E% E;SGD% EIG%<G;A=AJD% @\% EIGDG% L@ALGHED% \@?% J?;AEGP_% $I=AS=AJ% EI;E%`G%<;N% \=AP%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%632%*AG%@\% EIG%<@DE% LGAE?;>% EIG<GD%IG?GR%@\% L@M?DGR% =D% EIG% ?G^GLE=@A%@\%MAPG?DE;AP=AJ%G<@E=@AD%@?%EI@MJIED%;D%;%<;EEG?%@\%<GAE;>%DE;EGDR%;AP%EIG%DE?GDD%=ADEG;P%@A%EIG%MDG%@\%EIGDG%`@?PD%=A%@M?%>=\G_%%633% h_&_K_%#ADL@<QGiD% H;HG?% VK@PG?A%K@?;>% OI=>@D@HINX% a7137b% @\\G?D% EIG% GgH>=L=E%DMJJGDE=@A% EI;E% `G% DI@M>P% ;QDE;=A% \?@<% P@=AJ% <@?;>% HI=>@D@HIN% QG\@?G% `G% I;CG%`@?SGP% @ME% ;% D;E=D\;LE@?N% HI=>@D@HIN% @\% HDNLI@>@JN_% "@`GCG?R% EIG?G% =D% ?G;D@A% E@%=ABM=?G%`I;E%L@ALGHE=@A%@\%;%HI=>@D@HIN%@\%HDNLI@>@JN%=D%?G;>>N%GAE;=>GP%=A%IG?%L>;=<_%%

% . & !2 & ($ + $3 !#A ! 6 # 0 & !

!

< H I !

@ME%`I;E%J@@PAGDD%;AP%I;HH=AGDD%;?G%QN%D=<H>N%L@AD=PG?=AJ%`I;E%=D%L@<<@A>N% EI@MJIE% E@% QG% J@@PR% ;DDM<GD% EI;E% @M?% MAPG?DE;AP=AJ% @\%EIGDG% `@?PD% =D% =A% @?PG?_% $I=D% =JA@?GD% EIG%<;AN%`;ND% =A%`I=LI% @M?%MAPG?DE;AP=AJ% @\% J@@PAGDD% ;AP% I;HH=AGDD% <;N% PGGHGA% EI?@MJI% a;%P=DLMDD=@A%@\b% >@CG_% .% I;CG%BM@EGP%l;=<@AP%h;=E;% a7111a% D;N=AJ% EI;E%V`G%D@<GE=<GD%>G;?A%EI;E%D@<GEI=AJ%=D%H?GL=@MD%@A>N%QN%?GJ;?P=AJ%=E%=A% EIG% >=JIE% @\% D@<G@AGiD% >@CGX% a6mb_% "=D% H@=AE% =DR% E@% QGJ=A% `=EIR% ;%?G<=APG?% ;Q@ME% EIG%`;ND% =A%`I=LI% EIG% >@CG% @\% ;A@EIG?% HG?D@A%<;N%;`;SGA%<G%E@%EIG%H?GL=@MDAGDD%@\%`I;E%=D%>@CGP_%)MER%=E%;>D@%I;D%<@?G%\;?%?G;LI=AJ%=<H>=L;E=@AD_%!G%<;N%D;N%EI;E%`G%@A>N%>G;?A%`I;E%=E%=D%\@?%D@<GEI=AJ%E@%QG%H?GL=@MD%@?%J@@P%QN%?GDH@AP=AJ%E@%=E%;AP%QG=AJ%;Q>G%E@%?GJ;?P%=E%=A%EIG%>=JIE%@\%>@CG_%$@%;J;=A%BM@EG%!=EEJGADEG=AR%V/=G%eG=JE%G=AG<%�QG?I;MHE%p%`GAA%<;A%D=G%I;E%p%`;D%J?@áG?%!G?E%=DEX%a6FFFR%.EG<% 7cc% O;JG% 3Cb_% '@CGR% ;D% =E% `G?GR% $(,-5*#('5% @M?% L@ALGHED% @\%J@@PAGDD%;AP%I;HH=AGDD%QN%DI@`=AJ%I@`%EIGDG%;?G%PGHGAPGAE%@A%EIG%Gg=DEGALG%@\%@EIG?%HG@H>G%;AP%EIG%^@N%`G%GgHG?=GALG%`=EI%EIG<_%

"G?G% .% ;>D@% DGG% ;% P=\\G?GALG% QGE`GGA% EIG% ;AD`G?D% #?=DE@E>G% ;AP%/@L?;EGD% J;CG% E@% EIG% BMGDE=@A% V"@`% DI@M>P%`G% >=CGZX% /@L?;EGDi% ;AP%EI?@MJI% I=<% O>;E@iDR% L@ALG?A% \@?% EIGDG% BMGDE=@AD% =D% <;=A>N% @\% ;%L@ALGHEM;>%S=AP_%$IG%BMGDE=@AD%EIGN%?;=DG%;?G%`I;E%=E%<G;AD%E@%>G;P%;%J@@P% >=\GR% ;AP%I@`%@M?%MAPG?DE;AP=AJ% @\% EI;E% >=\G% =D% L@AAGLEGP%`=EI%@EIG?% ;DHGLED% @\% @M?% >=\GR% `=DP@<R% QG;MENR% E?MEI% ;AP% >@CG_% X.A% EIG%/N<H@D=M<%`I;E%Q?=AJD%EIG%D@M>%=A%L@AE;LE%`=EI%;QD@>MEG%QG;MENR%EIG%\@?<%@\%EIG%QG;ME=\M>R%=D%8#3&_X%aY=><;A%7116R%65b%O>;E@%H?GDGAED%MD%`=EI%;% L?=E=L;>% Gg;<=A;E=@A% @\% `I;E% EIG% J@@P% >=\G% GAE;=>DR% ;A% Gg;<=A;E=@A%`I=LI%GAPD%`=EI%EIG%GAP@?DG<GAE%@\%;%>=\G%@\%EIG%D@M>%QN%L@AE?;DE%E@%;%>=\G%@\%EIG%DGADGDR%EIG%;HHG;?;ALGD%;AP%H>G;DM?GD%@\%EIG%Q@PN_%%

#D%Y=><;A%H@=AED%@ME%=A%;A%=AEG?GDE=AJ%P=DLMDD=@A%@\%O>;E@iD%V%,&.#R%O>;E@iD%PGAMAL=;E=@A%@\%;HHG;?;ALGD%a`I=LI%#?=DE@E>G%E@@S%;D%I=D%@Q^GLE%@\% =ACGDE=J;E=@Ab% P@GD% A@E% @A>N% I;CG% ;A% GH=DEG<@>@J=L;>% LI;?;LEG?%>G;P=AJ% E@R% @?% DEG<<=AJ% \?@<R% I=D% <GE;HIND=LD% @\% EIG% \@?<D% ;D% ;%L?=E=L=D<%@\%G<H=?=L=D<_%.E%=D%\=?DE%;AP%\@?G<@DE%;%<@?;>%?G^GLE=@A_%%

T@?%/@L?;EGD%EIG%PGLGHE=CGAGDD%@\%EIG%DGADGD%=D%EIG%PGLGHE=CGAGDD%@\% ;% >=\G%`=EI% EIG% DGADGDR% ;% >=\G% =A%`I=LI% H>G;DM?GR% J?;E=\=L;E=@A%;AP%DG>\4;JJ?;AP=DG<GAE%;?G%J=CGA%H?=PG%@\%H>;LG_%$IG%PGLGHE=@A%IG?G%=D%<@?;>%;AP%A@E%HG?LGHEM;>%PGLGHE=@A_%aY=><;A%7116R%mmb%

l;EIG?%EI;A%\=AP=AJ%@M?%H;EI%E@`;?PD%;%J@@P%>=\G%=A%EIG%V;HHG;?;ALGDX%@\% @M?% >=\GR% /@L?;EGDR% `I@% @\% L@M?DG% =D% EIG% @HH@D=EG% @\% ;A% ;GDEIGE=LR%

2 & ( $ + $ 3 !

! !

< H C !

G<HI;D=eGD% EIG%L@AEG<H>;E=CG%DG;?LI% \@?% E?MEI%;AP%HM?=EN%@\%IG;?E_631%$IG%;=<%@\%EI=D%HM?=\=L;E=@A%@\%EIG%D@M>%=D%xDGH;?;E=@A%\?@<%EIG%Q@PNiR%;J;=A% =A% ;% <@?;>% DGADGR61F% `I=LI% =D% \@MAP% =A% EIG% PGE;LI<GAE% \?@<%PGDE?MLE=CG% G<@E=@ADR% ;>EI@MJI% A@E% \?@<% ;>>% G<@E=@AD% aY=><;A% 7116R%31R% 13bR% ;AP% =A% EIG%PGE;LI<GAE% \?@<%@AGiD% DG>\R% =A% EIG% DGADG% @\% @AGiD%DG>\4;DDG?E=CGAGDD_%$IG%BMGDE=@A%EI;E%=D%?;=DGP%=D%`I;E%`G%`;AE%E@%\@?<%EIG%LGAEG?%@\%@M?%>=\G_%%

!G%<;N%`G>>%EI=AS%EI;E%EIG%L@AEG<H>;E=CG%=PG;>%@\%?G\>GLE=AJ%@A%EIG%\@?<D% @\% J@@PAGDD% ;AP% QG;MEN% EI;E% /@L?;EGD% @\\G?D% ;D% ;A% ;AD`G?% E@%`I;E%DI@M>P%\@?<%EI=D%LGAEG?%=D%E@@%L@>P_%*AG%<;N%QG%PGEG??GP%QN%EIG%\;LE% EI;E% =E% =D% =PG;D% ;AP%A@E% @EIG?%HG@H>G% EI;E% \@?<% EIG% LGAEG?% @\% EIG%>=CGD%@\%EIG%O>;E@A=L%>@CG?DR%;AP%;DSR%;D%.%I;CG%;>?G;PN%P@AGR%`IGEIG?%EIG?G% =D% H>;LG% \@?% HG?D@A;>% ?G>;E=@ADI=HD% =A% O>;E@iD% ;LL@MAE_617% #D%,MDDQ;M<% P@GDR% @AG% <;N% `@APG?% `IGEIG?% EI=D% =D% ?G;>>N% `I;E% `G%`;AE%E@%\=>>%@M?%>=CGD%`=EI_%#E%EI=D%H@=AER%EIG?G%=D%;>D@%A@%AGGP%E@%E;SG%;%DE;AP% @A% EIG%<@?;>=EN% EI;E% O>;E@% ;AP% /@L?;EGD% ?GL@<<GAP_% )?=AJ=AJ%MH%EIG%/@L?;E=L%;LL@MAE%I;D%?;EIG?%QGGA%;%`;N%@\%DI@`=AJ%;%L@AE?;DE%E@%EIG%#?=DE@EG>=;A%;LL@MAE%@\%<@?;>=EN_%TM?EIG?<@?GR%=E%IG>HD%E@%Q?=AJ%@ME%I@`%;A%=ACGDE=J;E=@A%@\%@M?%<@?;>%L@ALGHED%L;AA@E%QG%DGGA%;D%P=DE=ALE%\?@<% \@?<M>;E=AJ% ;% '#(,8! 3454#-R% ;>EI@MJI% `G% <;N% QG% @\% P=\\G?GAE%<=APD%;D%E@%`I;E%EI;E%C=D=@A%;>>@`D%MD%E@%DGG_%%

+ + + !+-&(6!2&($+$3!

KN% J?G;EGDE% P=D;J?GG<GAE% `=EI% O>;E@% =D% EIG% GgEGAE% E@% `I=LI% IG%=PGAE=\=GD%L>;?=\N=AJ%EIG%L@ALGHE%@\%J@@PAGDD%;AP%=ED%?G>;E=@AD%E@%@EIG?%L@ALGHED% `=EI% PGDL?=Q=AJ% a@?% H?GDL?=Q=AJb% ;A% =PG;>_% T=AP=AJ% EIG%`=DP@<%@\%EIG%J@@P%>=\G%=A%EIG%L@AEG<H>;E=CG%SA@`>GPJG%@\%EIG%=PG;>R%HG?\GLER%;AP%GEG?A;>%\@?<DR%E@%<GR%=AC@>CGD%;A%@QC=@MD%L@A\MD=@A_%$I=D%=D%;>D@%;%H?@Q>G<%\@?%#?=DE@E>G%=\%NGE%=A%;A@EIG?%\@?<_%&CGA%=\%IG%QM=>PD%I=D% =PG;>% @\% EIG%C=?EM@MD%HG?D@A%@A%@M?%GgHG?=GALGD%@\% DMLI%<GAR%IG%DE=>>%H?GDMHH@DGD%EI;E%J@@PAGDD%a;AP%>@CGb%I;D%;%LG?E;=A%\@?<_%.A%EI=DR%Q@EI% O>;E@% ;AP% #?=DE@E>G% ;?G% EGDE=\N=AJ% E@% EIG% h?GGS% <@?;>=EN% @\%I@A@M?R% H;N=AJ% ;EEGAE=@A% E@% EIG% \@?<% @\% J@@PAGDD% ?;EIG?% EI;A% EIG%<G;A=AJ%=E%I;D%\@?%MD_%%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%631% Y=><;A% DE;EGD% EI;E% EIG?G% ;?G% =<H@?E;AE% D=<=>;?=E=GD% QGE`GGA% (=G?SGJ;;?P% ;AP%/@L?;EGD%=A%EI=D%<;EEG?_%61F%:\_%LI;HEG?%8R%H_%6c3_%%617%/GG%LI;HEG?%8_%%

% . & !2 & ($ + $3 !#A ! 6 # 0 & !

!

< H = !

$IG%G<HI;D=D%@A%=PG;>D%=A%?G>;E=@A%E@%>@CG%=D%H?@Q>G<;E=L%=A%;E%>G;DE%E`@%?GDHGLED0%a7b%>=AJM=DE=L;>>N%;AP%a6b%<@?;>>N_%T=?DER%EIG%=PG;%EI;E%@M?%L@ALGHED% \MALE=@A% ;D% ;% S=AP% @\% =PG;>% ENHG% ;J;=ADE% `I=LI% `G% EGDE%H;?E=LM>;?%=ADE;ALGDR%H?@C=PGD%;%H?@Q>G<;E=L%H=LEM?G%@\%>;AJM;JG_%$I=D%=PG;%E;SGD%P=\\G?GAE%\@?<D%=A%HI=>@D@HIN_%%

a7b%$IG?G%=D%EIG%A@E=@A%EI;E%`G%D@<GI@`%PG?=CG%@M?%L@ALGHED%\?@<%@M?%GgHG?=GALGD_%'G;?A=AJ%;%L@ALGHE%=D%?GJ;?PGP%;D%;LBM=?=AJ%;%JGAG?;>%=<;JG%@\% EIG%H;?E=LM>;?% =ADE;ALGD_%*AG%EI=ASD%EI;E%VEIG%<;A%`I@%I;D%>G;?AE% E@%MAPG?DE;AP%;%JGAG?;>% EG?<R% D;NR% EIG% EG?<% x>G;\iR%I;D% EIG?GQN%L@<G% E@% H@DDGDD% ;% S=AP% @\% JGAG?;>% H=LEM?G% @\% ;% >G;\R% ;D% @HH@DGP% E@%H=LEM?GD%@\%H;?E=LM>;?% >G;CGDX% a!=EEJGADEG=A%7185;R%73b_%$I=D% DGG<D% E@%QG%EIG%H=LEM?G%@\%<G;A=AJ%#?=DE@E>G%I;D%=A%<=AP_%.E%=D%;>D@%?GH?@PMLGP%=A%EIG%A@E=@A%EI;E%L@ALGHED%;?G%?GH?GDGAE;E=@AD_%%

a6b% $IG?G% =D% EIG% =PG;% EI;E% ;>>% =ADE;ALGD% EI;E% `G% L;>>% QN% EIG% D;<G%A;<GR% DI;?G% D@<G% L@<<@A% H?@HG?EN% QN% C=?EMG% @\% `I=LI% `G% ;?G%^MDE=\=GP%=A%;HH>N=AJ%EIG%D;<G%`@?P%E@%EIG<_%$I=D%=D%EIG%H=LEM?G%O>;E@%@\\G?D%MDR%?GJ;?P=AJ%EIG%@Q^GLED%@\%@M?%>=\G%;D%H;?E;S=AJ%=A%EIG%;QD@>MEGR%HG?\GLE% ;AP%GEG?A;>% \@?<DR% ;APR% EIMDR% @A>N%QG=AJ%C;JMG% ?G\>GLE=@AD%@\%EIG<_%%

acb%#%<@?G%<@PG?A%CG?D=@A%@\%a6b%=D%EIG%A@E=@A%EI;E%`G%I;CG%;%<@?G%@?%>GDD%?=J=P%>=DE%@\%L?=EG?=;%QN%?G\G?GALG%E@%`I=LI%`G%;EE?=QMEG%L@ALGHED%E@%P=\\G?GAE%D=EM;E=@AD%;AP%EI;E%HI=>@D@HIN%L>;?=\=GD%EIG%L?=EG?=;%AGGPGP%\@?%L@??GLE>N%;HH>N=AJ%EIGDG_616%%

#>>%EIGDG%A@E=@AD%DGE%@ME%E@%GgH>;=A%I@`%=E%=D%EI;E%@M?%L@ALGHED%I;CG%<G;A=AJ_%"@`%=D% =E% EI;E%`G%L;A%MDG% EIG%D;<G%`@?P% =A%CG?N%P=\\G?GAE%D=EM;E=@ADR% ;AP% =A% L@AEGgED% =A%`I=LI%`G%P=P%A@E% >G;?A% E@%MDG% =EZ% $IG%;DDM<HE=@A%EI;E%EI=D%=D%D@<GEI=AJ%EI;E%L;A%;AP%AGGPD%E@%QG%GgH>;=AGP%>G;PD% HI=>@D@HIG?D% P@`A% EIG% ?@;P% @\%<GE;HIND=LDn% @AG% =D% L@AC=ALGP%EI;E% `G% ;?G% =A% AGGP% @\% D@<G% JGAG?;>% EIG@?N% ;Q@ME% I@`% =E% =D% EI;E%>;AJM;JG%I;D%<G;A=AJ_%$IGDG%;LL@MAED%;>D@%DI;?G%EIG%;DDM<HE=@A%EI;E%>;AJM;JG%=D%PGHGAPGAE%@A%D@<GEI=AJ%QGI=AP%`I;E%`G%D;NR%;%?G\G?GAER%;%?GH?GDGAE;E=@A% @?% ;A% =PG;>R% ;% DE?MLEM?GR% E@% I;CG% <G;A=AJ_% $IG%V<G;A=AJX%@\%EIG%`@?P%=D%EI;E%E@%`I=LI%=E%?G\G?D_%#D%.%I;CG%?GHG;EGP>N%E?=GP% E@% DI@`R% EI=D% A@E=@A% @QDLM?GD% <@?G% <;EEG?D% EI;A% =E% L>;?=\=GDR%>G;P=AJ% E@% ;A% =A\=A=EG% ?GJ?GDD_% .\% `G% I@HG% E@% GgH>;=A% `IN% `G% E;SG%P=\\G?GAE%=ADE;ALGD%;D%GgH?GDD=CG%@\%>@CG%QN%=AE?@PML=AJ%EIG%A@E=@A%@\%;%?G\G?GAE%@?%;%DGE%@\%L?=EG?=;R%`I=LI%J=CGD% EIG%`@?P%V>@CGX%<G;A=AJ%=A%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%616%:\_%h?=\\=EIDiD% a7112b% DMJJGDE=@A% EI;E%<G;A=AJ%L@AD=DED% =A%@M?% \@?<=AJ% EIG@?=GD%@\%L;MD;>%<GLI;A=D<D%E@%GgH>;=A%`IN%P=\\G?GAE%@Q^GLED%QG>@AJ%E@%EIG%D;<G%J?@MH_%

2 & ( $ + $ 3 !

! !

< H H !

G;LI%=ADE;ALG%a@?%?;EIG?%45%=ED%<G;A=AJbR%`G%;?G%DE=>>%>G\E%E@%GgH>;=A%I@`%=E%=D%EI;E%`G%L@<G%E@%?GL@JA=eG%EI=D%?G\G?GAE%;D%EIG%V<G;A=AJX%@\%>@CG_%$@% Q@??@`% !=EEJGADEG=AiD% \;<@MD% H=LEM?GR% =E% =D% ;D% =\% `G% `@M>P% QG%QMN=AJ%EIG%D;<G%H;HG?%@CG?%;AP%@CG?%;J;=A%E@%<;SG%DM?G%EI;E%=E%D;ND%`I;E%=E%D;ND%a!=EEJGADEG=A%7112R%q685b_%

$I=D%>G;PD%MD%Q;LS%E@%<N%L@AC=LE=@A%EI;E%EIG%E;DS%@\%HI=>@D@HIN%=D%A@E%E@%@\\G?%L?=EG?=;%\@?%`I;E%=D%>@CG%=A%H;?E=LM>;?%D=EM;E=@AD_%$IG?G%=D%A@%J=CGA%\@?<%@?%DE;AP;?P%@\%>@CG%;J;=ADE%`I=LI%`G%<;N%E?N%@ME%P=\\G?GAE%=ADE;ALGD%E@%DGG%=\%EIGN%<G;DM?G%MH%E@%QG=AJ%>@CG_%l;EIG?%`G%DI@M>P%QG%@HGAR% =A% @M?% HI=>@D@HI=e=AJR% E@% DGG% I@`% `I;E% `G% =A% H;?E=LM>;?%D=EM;E=@AD%<;N%QG%`=>>=AJ%E@%L;>>%>@CG%<;N%LI;AJG%@M?%MAPG?DE;AP=AJ%@\% EIG% L@ALGHE% ;D%`G>>% ;D% EIG% VL?=EG?=;X%`G%<;N% J=CG% =A% ;% H;?E=LM>;?%D=EM;E=@A%E@%GgH>;=A%`IN%`G%`;AE%E@%L;>>%D@<GEI=AJ%>@CG_%%

K@?G@CG?R%?;EIG?%EI;A%>@@S=AJ%\@?%EIG%<G;A=AJ%QGI=AP%EIG%`@?PR%=E%=D%;%E;DS%\@?%HI=>@D@HIN%E@%L>;?=\N%`I;E%=E%=D%`G%DHG;S%;Q@ME%`IGA%`G%DHG;S% ;Q@ME% V<G;A=AJX_% .E% =D% ;% J>;?=AJ% \;=>M?G% EI;E% HI=>@D@HIG?D%P=DLMDD=AJ%EIG%<G;A=AJ%@\%`@?PD%AGJ>GLE%E@%?G\>GLE%MH@A%@M?%P=\\G?GAE%MD;JGD%@\%EIG%`@?P%=EDG>\R%A@E%E@%<GAE=@A%I@`%DG>P@<%`G%;LEM;>>N%MDG%=E% =A% EIG%DHGL=;>=eGP%DGADG%HI=>@D@HIG?D%;?G%<@DE>N%L@AD=PG?=AJ_%/MLI%;A%=ACGDE=J;E=@A%`@M>P%QG%L?ML=;>%E@%QGL@<=AJ%L>G;?%;Q@ME%`I;E%=E%=D%=E%EI;E% `G% ;?G% ;DS=AJ% \@?% ;E% EIG%<@<GAED%`G% DHG;S% ;Q@ME% V<G;A=AJX_%*AG%D=<H>N%L;AA@E%;DDM<G% EI;E%`G%;DS% \@?% EIG%D;<G% EI=AJ%`IGA%`G%D;Nn% V!I;E% P@GD% EI=D% `@?P% <G;AZXR% V!I;E% =D% EIG% <G;A=AJ% @\% EI=D%H@G<ZXR% V!I;E% P@% N@M% <G;AZXR% Vj@M% L;AiE% <G;A% EI;EoX% @?R% V$I=D%<G;AD%;%>@E%E@%<GX_%%

!IG?G;D% EIG% \=?DE% BMGDE=@A% <;N% QG% ;AD`G?GP% QN% LIGLS=AJ% ;%P=LE=@A;?NR%=E%=D%L>G;?%EI;E%EIG%DGL@AP%L;AA@E%QG%;AD`G?GP%QN%EIG%D;<G%H?@LGPM?G_%,G=EIG?%P@%`G%L;HEM?G%`I;E%=D%=AC@>CGP%=A%EIG%;EEG<HE%E@%;?E=LM>;EG%;AP%L>;?=\N%@AGiD%EI@MJIED%EI;E%=D%?GBMGDEGP%=A%EIG%EI=?P%L;DG%=A%DMLI%;%`;N_%TM?EIG?<@?GR%EIG%\;=>M?G%E@%?GAPG?%@AGiD%EI@MJIED%=A%;A%=AEG>>=J=Q>G%`;N% EI;E% =D% ;PP?GDDGP% =A% ;DS=AJ%`I;E% D@<G@AG%<G;AD% =D%P=\\G?GAE%\?@<%EIG%S=AP%@\%PGH?GL;E=@A%EI;E%=D%<;?SGP%QN%D;N=AJR%Vj@M%L;AiE%<G;A%EI;EoX%KN%P=D;DD@L=;E=AJ%<NDG>\%\?@<%LG?E;=A%=PG;D%=A%DMLI%L;DGDR% DMLI% ;D% ?;L=DE% @?% I@<@HI@Q=L% DE;EG<GAEDR% =D% A@E% AGLGDD;?=>N%QGL;MDG% EIGN% >;LS% DGADG_%*A% EIG% L@AE?;?NR% QN% ;J?GG=AJ% EI;E% EIGN% ;?G%V=PG;DXR% .% ;P<=E% EI;E% EIGN% ;?G% =AEG>>=J=Q>G_% KN% MEEG?;ALG% ?;EIG?%L@ADE=EMEGD% ;% ?G^GLE=@A% @\% EIG% EI@MJIE% EI;E% ;AN@AGR% >G;DE% @\% ;>>% )#0R%L@M>P%GAEG?E;=A%DMLI%=PG;D_%%

$IG%<;EEG?%@\%\@?<M>;E=AJ%;A%=PG;>%=D%GCGA%<@?G%H?@Q>G<;E=L%=A%=ED%<@?;>%P=<GAD=@A_%,@`R%BMGDE=@A=AJ%EIG%=PG;%@\%=PG;>D%=A%<@?;>=EN%<;N%DE?=SG% <;AN% ;D% DM?H?=D=AJ_% :@M>P% `G% A@E% D;N% EI;E% <@?;>=EN% L@AD=DED%

% . & !2 & ($ + $3 !#A ! 6 # 0 & !

!

< H @ !

H?GL=DG>N%=A%DE?=C=AJ%E@%>=CG%MH%E@%LG?E;=A%=PG;>DZ%Y=><;A%L?=E=L=eGD%EIG%<GE;HIND=L;>% HM>>% =A% O>;E@iD% ;EEG<HE% E@% PGDL?=QG% `I;E% IG% H?=<;?=>N%DGGD%;D%<@?;>%BMGDE=@AD_%"G%;?JMGD%EI;E%O>;E@%MDGD%<@?;>%>;AJM;JG%E@%GgH?GDD%EIG%?G>;E=@A%QGE`GGA%EIG%@Q^GLED%@\%DGADG%;AP%EIG%=PG;>%\@?<DR%D;N=AJ% EI;E% EIG% \@?<G?% Vx\;>>% DI@?Ei% @\% vEIG% >;EEG?w% ;AP% @A>N%x;HH?@g=<;EGi% EIG<%vzw% x=<=E;EGi%@?% xL@HNi% EIG<_X% aY=><;A%7116R%8cb_%"G% E;SGD% EIG% Gg;<H>G% @\% ;PP=AJ% EIG% DG?=GD% âR%äR% ãR% ;AP% D@% @AR% ;AP%DE;EGD0%%

*AG% L;A% D;N% EI;E% 7% =D% EIG% =PG;>% >=<=E% E@% `I=LI% EIG% DM<% @\% EIG%DG?=GD%â%Ñ%ä%Ñ%ã%Ñ% 7s78%_% _% _% ;HH?@;LIGD%@?%;HH?@g=<;EGD%`=EI@ME%GCG?%?G;LI=AJ%=E_%*AG%<;N%GgH?GDD%EI=D%;AEI?@H@<@?HI=L;>>N%QN%D;N=AJ%EI;E%EI=D%DM<%xDE?=CGD%E@%QGL@<G%7%QME%=A%C;=Ai_%vzw%%$I=D% >;AJM;JGR%I@`GCG?% vzw% =D%<@?G% \=EE=AJ% =A%GgH?GDD=AJ% EIG%

?G>;E=@A%QGE`GGA%IM<;A%L@APMLE%;AP%EIG%<@?;>%C;>MGD%=A%EG?<D%@\%`I=LI%=E%<;N%QG%^MPJGP_%aY=><;A%7116R%82483b%

Y=><;A% =D% HG?\GLE>N% ?=JIE% =A% L?=E=L=e=AJ% O>;E@% \@?% Q?=AJ=AJ% =A% ;A%;AE?@H@<@?HI=L% C@L;QM>;?N% =A% PGDL?=Q=AJ% EIG% ?G>;E=@ADI=H% QGE`GGA%JG@<GE?=L;>% \@?<D% ;AP%<;EIG<;E=L;>% H;?;P=J<D% ;AP% EIG% @Q^GLED% EI;E%DM??@MAP% MD_% "@`GCG?R%`G%<;N% ;DS%`IGEIG?% EI=D% =D% ;% J@@P% H=LEM?G%GCGA% =A% EIG%L;DG%@\%<@?;>=EN_%*\%L@M?DGR% EIG%`@?PD%VDE?=C=AJ% =A%C;=AX%QG>@AJ%E@%EIG%IM<;A%DHIG?G%@\%<@?;>=EN%;AP%A@E%E@%EIG%<;EIG<;E=L;>%DHIG?G% @\% H?@@\D_% )ME% D@<G% @\%Y=><;AiD% ?G<;?SD% ;Q@ME% VEIG% ?G>;E=@A%QGE`GGA%LG?E;=A%<@?;>% =PG;>D%;AP%IM<;A%L@APMLEX%a7116R%7F6b%D@MAP%;D%=\%`G%L@M>P%=A%D@<G%`;N%;LEM;>>N%\@?<M>;EG%;%<@?;>%=PG;>R%=A%@EIG?%`@?PDR%I;CG%;A%=PG;%@\%HG?\GLE% ^MDE=LG%@?%J@@PAGDD%;J;=ADE%`I=LI%`G%^MPJG%@M?%@\EGA%>;LS=AJ%;LE=@AD_%"G%?G<;?SD%EI;E%V=A%EI=D%>=\G%HG?I;HD%@A>N% EIG% D;=AE%L;A%;EE;=A% DMLI%;A% =PG;>% vHG?\GLE% ^MDE=LG%;AP%`=DP@<wX%aY=><;A% 7116R% 33b_%"G% DHG;SD% @\% IM<;A% L@APMLE% ;D% \;>>=AJ% VDI@?E% @\%EIGDG% =PG;>DR%I@`GCG?%<MLI%EIG%;MEI@?%@?%;JGAE%@\% EI=D%L@APMLE%<;N%DE?=CG%E@%G<M>;EG%EIG%=PG;>D%=A%I=D%>=\GR%@?%;E%>G;DE%<G;DM?G%I=D%L@APMLE%=A%EG?<D%@\%EIG<_X%aY=><;A%7116R%7F6b_%

.% P@%A@E%`;AE% E@% D;N% EI;E%`G% DI@M>P% DGEE>G% \@?% ;ANEI=AJ% >GDD% EI;A%VHG?\GLE=@AX% =A% <@?;>=EN_% .% P@% A@E% DMJJGDE% EI;E% `G% DG>>% @ME% @A% EIG%PG<;APD% @\% J@@PAGDDR% >@CG% @?% <@?;>=EN% `=EI% EIG% D=JIR% V,@Q@PNiD%HG?\GLEX_% .%P@R%I@`GCG?R%`;AE%E@%BMGDE=@A%`I;E%H>;LG%;%L@ALGHE=@A%@\%VHG?\GLE=@AX% @?% V=PG;>DX% I@>PD% =A% <@?;>=EN_% $IG% DMJJGDE=@A% EI;E% `G%I;CG%;A% =PG;>%H=LEM?G%@\%`I;E% >@CG%DI@M>P%QG%;AP%EI;E%`G% =A%@M?% >=\G%E?N% E@% G<M>;EG% EI=D% =PG;>% =D% A@E% H;?E=LM>;?>N% IG>H\M>_% $IG?G% ;?G% QGEEG?%`;ND%@\%MAPG?DE;AP=AJ%EIG%S=AP%@\%PG<;APD%EI;E%;?G%=AC@>CGP%=A%>@CG%EI;A%;D%D@<G%DE;AP;?PD%;J;=ADE%`I=LI%`G%<G;DM?G%@M?%L@APMLE_%

2 & ( $ + $ 3 !

! !

< @ G !

$IG%H?@Q>G<%=A%DMLI%;%H=LEM?G% =D% >;?JG>N%L@AAGLEGP%`=EI%EIG%H>;LG%;A% =PG;% @\% ;% DHGL=\=L% \@?<% J;=AD% =A% =E_% .E% DMJJGDED% EI;E% `G% L@M>P%D@<GI@`% SA@`% `I;E% HG?\GLE% ^MDE=LG% @?% >@CG% >@@SD% >=SG% @?% EI;E% =E% =D%=AEG>>=J=Q>G% E@% EI=AS% EI;E% `G% L@M>P% I;CG% ;% L@ALGHE=@A% @\% EIG% HG?\GLE%IM<;A%QG=AJ_%.E%E?G;ED%EIG%L@ALGHE%@\%;%IM<;A%QG=AJ%=A%EIG%D;<G%`;N%;D%JG@<GE?=L;>%L@ALGHEDR%;D%=\%EIG?G%`G?G%A@E%<;AN%L?ML=;>%P=DE=ALE=@AD%QGE`GGA% EIG<_% !IG?G;D% `G% I;CG% ;% L@ALGHE=@A% @\% EIG% AGLGDD;?N%\G;EM?GD%@\%;%HG?\GLE%L=?L>GR%EIG?G%=D%A@%DMLI%GBM=C;>GAE%`IGA%`G%DHG;S%@\%IM<;A%QG=AJDR%>@CG%@?%<@?;>=EN_%%

!G% <;N% L@<H;?G% P?;`=AJD% @\% L=?L>GD% `=EI% G;LI% @EIG?% ;AP% DGG%`I=LI%@\% EIG<%QGDE%<;ELIGD%@M?%PG\=A=E=@A%@\% ;% L=?L>G_% V$I=D% L=?L>G% =D%;><@DE%HG?\GLEXR%`G%D;N%@\%EIG%L=?L>G%=A%`I=LI%EIG%>GAJEI%@\%EIG%?;P=MD%;HH?@g=<;EGD%GBM;>=EN%;E%GCG?N%H@=AE_%!=EI%EIG%IG>H%@\%EI=D%PG\=A=E=@A%`G%P=DE=AJM=DI% L=?L>GD% \?@<%G>>=HDGDR% ;AP% D@%@A_%!I;E%`G%<G;A%QN%;%HG?\GLE% @?% ;A% =PG;>% L=?L>G% =D%IG?G% ?G>;EGP% E@%I@`%`G>>% ;A% ;LEM;>% L=?L>G%L@??GDH@APD% E@% @M?% PG\=A=E=@A% @\% ;% L=?L>G_% ,GCG?EIG>GDDR% EIG?G% =D%D@<GEI=AJ%@PP%;AP%<GE;HIND=L;>% =A% EIG% =PG;% EI;E%@M?%PG\=A=E=@A%@\%;%L=?L>G%H?GDGAED%MD%`=EI%D@<GEI=AJ%HG?\GLE_%/GG=AJ%;%L=?L>G%;D%HG?\GLER%;D%=E%`G?GR%=D%\=?DE%;AP%\@?G<@DE%;A%;GDEIGE=L;>%^MPJG<GAER%`IG?G;D%=E%<;N%QG%BM=EG%=??G>GC;AE%I@`%`G>>%;A%;LEM;>%P?;`=AJ%@\%;%L=?L>G%L@??GDH@APD%E@%EIG%PG\=A=E=@A%@\%;%L=?L>G%=A%H?;LE=LG_%TM?EIG?<@?GR%`I;E%`G%E;SG%;D%;%L=?L>GR% @?% EIG% PGJ?GG% @\% HG?\GLE=@A% `G% DE?=CG% \@?% =A% @M?% P?;`=AJDR%PGHGAPD%@A% EIG%L=?LM<DE;ALGD%;AP% EIG%HM?H@DGD% \@?%`I=LI%`G%<;SG%EIG% P?;`=AJ_% /SGELI=AJ% EIG% PGD=JA% @\% ;% H@DEG?% .% D;NR% V.% EI@MJIE%`G%`@M>P%;PP%D@<G%L=?L>GD%IG?GX_%$IG%L=?L>GD% EI;E% .%P?;`%<;N%QG%?;EIG?%GJJ4DI;HGP% EI;A% L=?LM>;?R% QME% EIGN% DE=>>% \M>\=>%<N% HM?H@DGD% HG?\GLE>N_%j@M%DGG%`I;E%.%`;AE%E@%P@_%

$M?A=AJ% E@% IM<;A% QG=AJD% ;AP% @M?% <@?;>% >=CGDR% DMLI% PG\=A=E=@AD%I;CG%A@%L>G;?%H;?E%E@%H>;N_%$I=D%=D%A@E%@A>N%QGL;MDG%=E%=D%<@?G%P=\\=LM>E%E@%\=AP%;%HG?\GLE%IM<;A%QG=AJR%@?%QGL;MDG%@A>N%;%D;=AE%L@M>P%;EE;=A%EIG%=PG;>%@\%HG?\GLE=@AR%QME%QGL;MDG%EIG%A@E=@A%@\%HG?\GLE=@A%=A%EI=D%L@AEGgE%=D% L@A\MDGP_% .E% =D% P=\\=LM>E% E@% DGG% `I;E% =E% =D% DMHH@DGP% E@% >;ELI% @AE@_%+AP@MQEGP>N% EIG?G% ;?G%<;AN% EI=AJD%`G% DGE% @ME% E@%P@% QME% \;=>% E@%P@n%N@M%<;N%`=DI%N@M%`G?G%<@?G% >@C=AJR% L;?=AJ%@?% L@AD=PG?;EG% E@%@EIG?%HG@H>GR% ;AP% ?G;>=eG% EI;E% N@M% I;CG% ;LEGP% BM=EG% L@AE?;?N% E@% N@M?%=AEGAE=@ADR% .%<;N%\GG>% EI;E%.%P=P%A@E%<G;DM?G%MH%E@%EIG%PG<;APD%@\%;%D=EM;E=@A_%)ME%EIG%DE?GDD%IG?G%=D%A@E%@A%@M?%\;=>=AJ%E@%>=CG%MH%E@%;A%=PG;>R%;A%=<;JG%@\%`I;E%=E%=D%E@%QG%>@C=AJR%L;?=AJ%@?%L@AD=PG?;EGR%QME%@A%N@M?%;AP% <N% \;=>M?G% E@% ?GDH@AP% E@% ;A@EIG?% `=EI% >@CGR% L;?G% ;AP%L@AD=PG?;E=@A_%.E%=D%A@E%EI;E%`G%`@?S%`=EI%;A%=<;JG%@\%`I;E%=E%=D%E@%QG%>=SG% EI=DR% ;AP% EIGA% EGDE% @M?% ;LEM;>% P@=AJD% ;J;=ADE% EI=D% H=LEM?GR%

% . & !2 & ($ + $3 !#A ! 6 # 0 & !

!

< @ ; !

?GL@JA=e=AJ% E@%P=\\G?GAE%GgEGAED% EI;E%`G%P=P%A@E% >=CG%MH% E@% =E_%*A% EIG%L@AE?;?NR%I;C=AJ%DMLI%;A% =<;JG%;Q@ME%I@`% .%@?%N@M%DI@M>P%QG% E@%QG%J@@P%@?%>@C=AJ%=AC@>CGD%;%L@??MHE=@A%@\%<@?;>=EN_%)N%LGAEG?=AJ%@A%;A%4',+&R% ;AP%A@E%@A% EIG%H;?E=LM>;?%PG<;APD%@\% EIG% D=EM;E=@AR!@M?% \@LMD%<@CGD% \?@<% @EIG?D% E@% @M?DG>CGDR% =AC=E=AJ% MD% E@% EI=AS% EI;E% `G% L@M>P%GDL;HG% @M?% ?GDH@AD=Q=>=EN% =A% GCG?N% AG`% D=EM;E=@A% QN% \M>\=>>=AJ% D@<G%J=CGA%L@AP=E=@AD_%

Y=><;A% =D% A@E% Q>=AP% E@% EI=D% P=DE=ALE=@A% QGE`GGA%<;EIG<;E=LD% ;AP%JG@<GE?N% ;AP% <@?;>=EN_% "G% DE;EGD% EI;E% EIG% S=AP% @\% I=AP?;ALG% @M?%DGADGD%<;N%QG% E@% ;EE;=A=AJ%<@?;>% SA@`>GPJGR% ;LL@?P=AJ% E@% /@L?;EGDR%=AC@>CGD%EIG%`;ND%=A%`I=LI%`G%<;N%QG%<@?;>>N%PGLG=CGP_%$IG%DGADG%=A%`I=LI%@M?%VQ@PNX%L;A%QG%D;=P%E@%>G;P%MD%;DE?;NR%IG?GR%;D%.%I;CG%;>?G;PN%DE;EGPR%=D%<@?;>%=A%LI;?;LEG?%aY=><;A%7116R%7F6b_%,GCG?EIG>GDDR%IG%J=CGD%E@@%<MLI%E@%EIG%/@L?;E=L%DE?GDD%@A%<@?;>%C-#78&.+&_%"G%H@=AED%@ME%EI;E%EIG%S=AP%@\%SA@`>GPJG%`I=LI%=D%=AC@>CGP%=A%<@?;>=EN%=D%P=DE=ALE%\?@<%GH=DEG<=L% SA@`>GPJGR% ;AP% ?;EIG?% H?GDGAED% =E% ;D% ;% \@?<% @\% `=DP@<_%Vv$wIG%<@?;>%SA@`>GPJG%`I=LI%IG%v/@L?;EGDw%=PGAE=\=GD%`=EI%C=?EMG%=D%;%\@?<% @\% >@CGX% aY=><;A% 7116R% 33b_% "G% ;>D@% G<HI;D=eGD% EI;E% @M?%MAPG?DE;AP=AJ%@\% =PG;>D%L;AA@E%QG%DGH;?;EGP%\?@<%EIG%H;?E% EIGN%H>;N%=A% @M?% >=\G_% V$IG% =PG;>D% EIG<DG>CGD% <;SG% LG?E;=A% PG<;APD% @A% EIG%HG?D@AiD%>=\G%;AP%<@PG%@\%Gg=DEGALGR%;AP%EIGN%L;AA@E%QG%?G;>=eGP%=A%I=D%;LE=@ADR% =A% I=D% L@APMLER% MAE=>% IG% E;SGD% EI@DG% PG<;APD% DG?=@MD>NX%aY=>><;A%7116R%33b_%%

,GCG?EIG>GDDR% EIG%G<HI;D=D%@A%`I;E% =D% =AC@>CGP%=A%SA@`=AJ% EIGDG%=PG;>D%EM?AD%@M?%;EEGAE=@A%;`;N%\?@<%EIG%\;LE%EI;E%@M?%L@ALG?A%=D%@\EGA%GA@MJI%A@E%E@%C-#7%`I;E%aHG?\GLEb%^MDE=LGR%`=DP@<%@?%>@CG%=D%QME%E@%,@$%^MDE>NR%`=DG>N%;AP%>@C=AJ>N%;D%`G>>%;D%E@%(&,@$%E@%@EIG?D%=A%DMLI%;%`;N_%Y?;`=AJ% @A% EIG% /@L?;E=L% H?GDMHH@D=E=@A% EI;E% `G% `@M>P% P@% `I;E% =D%?=JIE%=\%`G%@A>N%SAG`%=ER%EI;E%=DR%;DDM<=AJ%EI;E%`G%;?G%J@@P%QME%^MDE%=A%AGGP% @\% SA@`>GPJGR% EIG% G<HI;D=D% @A% SA@`=AJ% L@ALG;>D% EIG%`;ND% =A%`I=LI%@M?%<@?;>%P=\\=LM>E=GD%<;N%QGEEG?%QG%PGDL?=QGP%;D%?G\?;=A=AJ% E@%P@%`I;E%`G%;?G%;>?G;PNR%<@?G%@?%>GDDR%;`;?G%@\%QG=AJ%`?@AJ_61c%.\%`G%;?G%DG;?LI=AJ% \@?%PGGHG?% =AD=JIED% =AE@% EI=D%;DHGLE%@\%@M?%<@?;>% >=\G%/E%O;M>%=D%;%<MLI%QGEEG?%=ADE?MLE@?%EI;A%O>;E@_%VT@?%EIG%J@@P%EI;E%.%`@M>P%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%61c% $IG?G% =D% ;% P=\\G?GAE% ?G;P=AJ% @AG% <;N% J=CG% E@% EI=D% A@E=@AR% `I=LI% .% I;CG% E?=GP% E@%MACG=>% =A%<N%H?GC=@MD% P=DLMDD=@A_% a/GG% LI;HEG?% 8% =A% H;?E=LM>;?_b% $IG?G% =DR% @AG% L@M>P%D;NR%;%EGAD=@A%=A%EIG%DMJJGDE=@A%EI;E%@AG%C-#74-+8)%P@GD%EIG%`?@AJ%EI=AJ_%!G%MDM;>>N%P?GDD%MH%@M?%`?@AJP@=AJ%=A%\=AG?%L>@EIGDR%;>EI@MJI%`GR%E@%D@<G%GgEGAE%<;N%QG%D;=P%E@%SA@`%EI;E% =E% =D%`?@AJ_%$IG?G%=DR%;D% =E%`G?GR%;A%G>G<GAE%@\%DG>\4PGLGHE=@A%=A%<@DE%GC=>%PGGPD_%%

2 & ( $ + $ 3 !

! !

< @ D !

.%P@%A@E0%QME%EIG%GC=>%`I=LI%.%`@M>P%A@ER%EI;E%.%P@X%a$IG%'GEEG?%E@%EIG%l@<;ADR%2071b_%%

K@?G@CG?R%EIG%G<HI;D=D%@A%SA@`=AJ%;A%=PG;>%J=CGD%EIG%=<H?GDD=@A%EI;E% `G% L@M>P% <;SG% DGADG% @\% ;A% =PG;>% ;D% Gg=DE=AJ% @MED=PG% @\% @M?%H?;LE=LGD_%*AG%=D%EG<HEGP%E@%EI=AS%EI;E%EIG%A@E=@AD%@\%VHG?\GLE%^MDE=LGXR%V`=DP@<X% @?% V>@CGX% ?G\G?% E@% D@<G% =PG;>% DE;EG% E@% `I=LI% @M?% ;LE=@AD%L@ACG?JGR%QME%DE=>>%AGCG?%\M>>N%?G;LIR%;%ME@H=L%H>;LG%=A%`I=LI%GC=>%;AP%`?@AJD%;?G%GgE=ALE_%$I=D%;>D@%J=CGD%MD%;%L>MG%`IN%@AG%`@M>P%EI=AS%=E%=<H@DD=Q>G%E@%\=AP%VHG?\GLE%^MDE=LGX%@?%VHG?\GLE%>@CGX%=A%;A%;LEM;>%L;DGR%\@?%=D%=E%A@E%BM=EG%=<H@DD=Q>G%E@%=<;J=AG%;%DE;EG%=A%`I=LI%HG?\GLE%^MDE=LG%;AP% >@CG%H?GC;=>D_%)MER% ;>>@`%<G% E@%@Q^GLER% =E% =D% EIG% =PG;%@\% V^MDE=LGXR%V>@CGX%@?%V`=DP@<X%;D%D@<G%S=APD%@\%DE;EG%EI;E%>G;PD%MD%E@%?G^GLE%DMLI%A@E=@ADR% `IG?G;D% =E% =D% H?GL=DG>N% EI;E% =PG;R% EI;E% =DR% EI;E% V>@CGX% @?%V^MDE=LGX%?G\G?D%E@%LG?E;=A%DE;EGDR%`I=LI%=D%=A%AGGP%@\%?G^GLE=@A_%%

.E% =D% E?MG% EI;E% `G% ;?G% ;LLMDE@<GP% E@% P=\\G?GAE% H=LEM?GD% ;AP%P=DLMDD=@AD% ;Q@ME% H;?;P=DGR% QME% =E% =D% ;>D@% E?MG% EI;E% DMLI% ;% A@E=@A%<@DE>N%DG?CGD%;D%;%L@AE?;DE%E@%@M?%>=\G_%.E%=D%;%P?G;<GP%H@DD=Q=>=EN%EI;E%\MALE=@AD%E@%;?E=LM>;EG%D@<G%@\%@M?%PGGHGDE%I@HGD%;AP%L@ALG?AD%QME%;E%EIG%D;<G%E=<G%=E%L;A%QG%D;=P%E@%GgL>MPG%<MLI%@\%`I;E%<;SGD%@M?%>=\G%;%IM<;A%>=\G_%$I=D%=D%A@E%;%`;N%@\%;?JM=AJ%EI;E%IM<;A%>=\G% =D%\?;J=>G% =A%EIG%DGADG%EI;E%,MDDQ;M<%I;D%H@=AEGP%@MER%;>EI@MJI%.%P@%EI=AS%EI;E%IG?%H@=AE%I;D%D@<G%QG;?=AJ%@A%EI=D%P=DLMDD=@A_%l;EIG?%.%`;AE%E@%BMGDE=@A%EIG% =AEG>>=J=Q=>=EN%@\% L@ALGHEM;>=e=AJ% EIG%L@ALGHE%@\%H;?;P=DG% =A% EG?<D%@\%;A%=PG;>%DE;EG%@\%EIG%`@?>P%;D%`G>>%;D%EIG%DGADG%=A%H=LEM?=AJ%EI=D%;D%EG>>=AJ%MD%D@<GEI=AJ%;Q@ME%@M?%IM<;A%>=\G_%%

T=?DER%=E%I;D%QGGA%;?JMGP%EI;E%EI=D%L@ALGHE=@A%@\%;A%=PG;>%DE;EG%@\%EIG%`@?>P% H?GDMHH@DGD% ;% H=LEM?G% @\% >=\G% ;D% DE;E=L% a"G?EeQG?J% 6FF5b_% $IG%@AGD% `I@% DGE% @ME% E@% VLI;AJG% EIG% `@?>PX% ;LL@?P=AJ% E@% ;AN% ME@H=;A%<@PG>%I;D%E@%;DDM<G%;%LG?E;=A%HG?<;AGALG%=A%EIG%`;ND%EI=AJD%`@M>P%QG% `=EI@ME% EIG% LI;AJG% ;AP% ;>D@% =A% EIG% `@?>P% ;\EG?% EIG% LI;AJG%a"G?EeQG?J% 6FF5R% 6b_% $IGN% P@% A@E% ;>>@`% \@?% LI;AJG% =A% EIG% DGADG% EI;E%LI;AJGR%;D%`G%MAPG?DE;AP%EIG%L@ALGHER%<;N%QG%Q@EI%\@?%EIG%QGEEG?%;AP%\@?%EIG%`@?DG_%$IGN%`;AE%E@%LI;AJG%D@<GEI=AJR%EIG%`@?>PR%VEI;E%=D%=A%=EDG>\% GDDGAE=;>>N% L@ADE=EMEGP% QN% LI;AJGX% a"G?EeQG?J% 6FF5R% 6b_% .A% EI;E%`;NR% EIGN% ?G^GLE% EIG% =APGEG?<=A;LN% EI;E% =D%;%LI;?;LEG?=e=AJ% \G;EM?G%@\%EIG%`I@>G%IM?>N4QM?>N%@\%@M?%>=\G_%%

/GL@AP>NR% ;AP% EI=D% ;EE;LIGD% E@% EIG% \=?DE% H@=AER% =E% =D% P=\\=LM>E% E@% DGG%`I;E%<G;A=AJ%>@CGR%J@@PAGDD%@?%^MDE=LG%`@M>P%I;CG%=A%;%>=\G%=A%`I=LI%GC=>% ;AP% EIG% EG<HE;E=@A% E@% P@% `?@AJ% ;AP% ;LE% MA^MDE>N% `@M>P% QG%GgL>MPGP_%*M?%>=\G%GAL@<H;DDGD%EIG%H@DD=Q=>=EN%@\%P@=AJ%Q@EI%J@@P%;AP%GC=>%;AP%<MLI%@\%EIG%C;>MG%;AP%<G;A=AJ%`G%\=AP%=A%J@@PAGDD%;AP%>@CG%

% . & !2 & ($ + $3 !#A ! 6 # 0 & !

!

< @ < !

=D%?G>;EGP%E@%@M?%;LSA@`>GPJ=AJ%EIG%EG<HE;E=@AD%EI;E%<;N%QG%GgG?L=DGP%@A%MD%QN%EIG%;>EG?A;E=CGD_%$@%Q@??@`%;A@EIG?%)=Q>=L;>%Gg;<H>G%=E%L;A%QG%D;=P% EI;E% EIG% IM<;A=EN% @\% :I?=DE% =D% DI@`A% H?GL=DG>N% =A% I=D% QG=AJ%DMLLM<QGP% E@% EIG% GAE=LG<GAED% @\% EG<HE;E=@A_% "=D% J@@PAGDD% =D%VH?@CGAX%QN%I=D%;Q=>=EN%E@%?GD=DE%EG<HE;E=@A%?;EIG?%EI;A%QN%I=D%\?GGP@<%\?@<%=E_%.\%IG%I;P%A@E%QGGA%E@MLIGP%QN%EG<HE;E=@A%=A%EIG%\=?DE%H>;LG%EIG%>GDD@AD% `G% <=JIE% >G;?A% \?@<% EIG% ,G`% $GDE;<GAE% `@M>P% QG% CG?N%P=\\G?GAE_61m%%

.A%EI=D%`;N%.%\=AP%=E%H?@Q>G<;E=L%E@%EI=AS%EI;E%`G%<=JIE%GgE?;LE%EIG%<G;A=AJ% @\%`@?PD% DMLI% ;D% V^MDE=LGXR% V>@CGX% @?% VIM<;A% QG=AJX% \?@<%EIG%>=\G%;AP%H?;LE=LGD%`G%>=CG_%$IG?G%=D%A@%`;N%@\%PGEG?<=A=AJ%`IGEIG?%D@<G%;LE=@A%`;D% ^MDE%@?%>@C=AJ%;H;?E%\?@<%EIG%H;?E=LM>;?%L;DGD%@\%@M?%>=\G%=A%`I=LI%`G%>;MJIR%L?NR%?G^@=LG%=A%@?%EM?A%@M?%Q;LSD%;E%G;LI%@EIG?R%DI;?G% GgHG?=GALGDR% `=EIP?;`% =A% @M?% @`A% HG?DHGLE=CG% @?% Q?G;S% G;LI%@EIG?Di%IG;?E_%$I=D%=AL>MPGD%;>D@%EI;E%`G%L;AA@E%PGEG?<=AG%`I;E%EIGDG%L@ALGHED% <G;A% =A% H;?E=LM>;?% D=EM;E=@AD% `=EI@ME% @M?DG>CGD% QG=AJ%=AC@>CGP%=A%EIG<_%.E%=D%=A%@M?%>=\G%EI;E%EIGDG%`@?PD%J;=A%<G;A=AJ%;AP%<;SG%DGADGR%;%>=\G%=A%`I=LI%`G%DI;?G%L@ALG?AD%;AP%?G;LE=@AD%a;AP%;>D@%<G;A=AJb%`=EI%@EIG?D_%%

$IG%DGADG%=A%`I=LI%.%`@M>PR%EIG?G\@?GR%H?@H@DG%EI;E%`G%MAPG?DE;AP%EIG%<G;A=AJ% @\% V>@CGXR% V;% J@@P% >=\GXR% V^MDE=LGXR% EI;E% =DR% EIG% P=\\G?GAE%MDGD%`G%<;SG%@\%EIGDG%`@?PD%=A%@M?%>=CGDR%=D%A@E%=A%EG?<D%@\%=PG;>D%QME%;D% .&',-.5R% @?% >GDD% \@?LG\M>>N% ;D% H#554?484$4&5% =A% @M?% >=\G_% $IG% DGADG% =A%`I=LI%`G%<;N%\=AP%=E%=<H@?E;AE%E@%>=CG%=A%EIG%>=JIE%@\%E?MEIR%QG;MEN%@?%J@@PAGDDR% =D%;% ?GLM??=AJ%PG<;AP% E@%QG%J@@P%;AP% DHG;S% E?MEI\M>>N% =A%GCG?N% H;?E=LM>;?% D=EM;E=@AR% QG=AJ% (&5H#-543&% E@R% ;AP! (&5H#-54?8&! \@?% EIG%<G;A=AJ%`=EI%`I=LI%G;LI%D=EM;E=@A%;PP?GDDGD%MD%=A%EIG%>=JIE%@\%>@CG_%.E%=D% @A>N% =A% EIGDG% D=EM;E=@AD% EI;E%`G%<;N% PGEG?<=AG%`I;E% =E% =D% \@?% ;A%;LE=@A%E@%QG%J@@P%@?%^MDE_%.A%@M?%?G;LE=@AD%E@%EIG<%=E%<;N%QG%D;=P%EI;E%@M?%@`A%>@CG%=D%?GCG;>GP_%%

$IGDG%L@AD=PG?;E=@AD%<;N%;>D@% ?G>G;DG%MD% \?@<% EIG%<=DJ=C=AJD%`G%<;N% I;CG% ;Q@ME% DHG;S=AJ% ;Q@ME% EIG% VHG?\GLE=@AX% @?% VHM?=ENX% @\%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%61m% .A% EI=D% ?GDHGLER%@AG%<;N%;>D@%?G<;?S%MH@A%;%DE?=S=AJ%P=\\G?GALG%QGE`GGA%/@L?;EGD%;AP% WGDMDR% ;AP%`I;E% @AG%<;N% E;SG% ;D%H@DD=Q>G% ?G;LE=@AD% E@% EIG=?% BM=EG% D=<=>;?% \;EGD_%!IG?G;D% WGDMDi% L?N% ;E% L?ML=\=g=@A% ?=AJD% E?MG% E@% `I;E% `G% <;N% G;D=>N% ?GL@JA=eG% ;D%IM<;A%PGDH;=?R% EIG%G;DG%`=EI%`I=LI%/@L?;EGD%;LLGHED%I=D%PG;EI%DGAEGALG%;PPD%E@%EIG%@PPAGDD% @\% I=D% LI;?;LEG?_% $IG% DGADG% =A%`I=LI%Q@EI% @\% EIG=?% ?G;LE=@AD% L;A%QG% DGGA% ;D%GgH?GDD=CG% @\% ;A% ;EE=EMPG% @\% >@CG% ;AP% E@% >=\G% a;>EI@MJI%BM=EG%P=DE=ALEb% EGDE=\=GD% E@% EIG%P=\\G?GAE%<G;A=AJD%`G%<;N%J=CG% E@% EIG% L@ALGHED% a;AP% EIG?GQN%;% L@ADE=EME=CG%H;?E% @\%EIGDG% HIGA@<GA;b% =A% @M?% >=\G_% /GG% );?;Q;D% a7138b% \@?% ;% ?G;P=AJ% @\% EI=D% ;DHGLE% @\%/@L?;EGD_%

2 & ( $ + $ 3 !

! !

< @ B !

D@<G@AGiD% ;LE=@AD% =A% L@AL?GEG% D=EM;E=@AD_% .\% `G% P@% A@E% EI=AS% @\%VHG?\GLE=@AX%@?%VHM?=ENX%;D%HG?<;AGAE%DE;EGD%EI;E%`G%<;N%@?%<;N%A@E%@QE;=A% =A% @M?% >=\GE=<GR% QME% H;N% IGGP% E@% EIG% ;QD@>MEG% LI;?;LEG?% @\%D;N=AJR%V,@`%^MDE=LG%I;D%QGGA%P@AGX%a=A%@EIG?%`@?PDR%=A%EI=D%L;DGR%A@E%@ALG%;AP%\@?%;>>bR%@?R%V$I;E%`;D%;%E?M>N%QG;ME=\M>%EI=AJ%E@%P@XR%aA@E=LG%=A% EI=D% L;DG% I@`%QG;MEN% ;AP%J@@PAGDD% L@ACG?JGb%`G%P@%A@E%AGGP% E@%\GG>%IGD=E;E=@A%;E%;AN%@\% EIGDG%\@?<M>;E=@AD_%$IGN%J=CG%MD%@LL;D=@A%E@%<;?CG>%;E%EIG%MAL@AP=E=@A;>%LI;?;LEG?%@\%EIGDG%;DHGLED%@\%@M?%>=\G_%%

$I=D% MAL@AP=E=@A;>% LI;?;LEG?% =A%`I=LI%`G% D;N% V$I;EiD% MA^MDEoX% @?%V$I;E%<MDE%QG%E?MG%>@CGoX%<;N%;>D@%EG<HE%MD%E@%DHG;S%;Q@ME%=PG;>D%@?%HG?\GLE=@A% =A% EIG% DGADG%@\% H>;E@A=L% \@?<D_% $IG%<@?;>% AGLGDD=E=GD%<;N%DE?=SG% @AG% ;D% AGLGDD;?N% =A% <MLI% EIG% D;<G% `;N% ;D% EIG% >;`D% @\%<;EIG<;E=LD_% $I=D% \GG>=AJ% G;D=>N% >G;PD% MD% E@% <GE;HIND=LDR% `G% E?N% E@%J=CG%MA=CG?D;>%J?@MAPD%\@?%@M?%H?;LE=LGD%a=A%<;EIG<;E=LD%;AP%=A%>@CGbR%`G%=<;J=AG%EI;E%EIG?G%<MDE%QG%D@<G%S=AP%@\%>@J=L;>%>=AS%QGE`GGA%EIG%DE;EGD%@\%EIG%`@?>P%;AP%EIG%L@ALGHED%`G%MDG_%$I=D%=D%;A%=PG;%EI;E%.%I;CG%DI@`GP% =D% <=DL@ALG=CGP_% !I;E% =D% <@?GR% =E% ;HHG;?D% EI;E% EI=D%HI=>@D@HI=L;>% <@CG% P=CG?ED% MD% \?@<% EIG% ?G;>% H?@Q>G<D% ;E% I;APR% =A%@EIG?%`@?PDR% EIG%<@?;>% H?@Q>G<D%`G% ;?G% \;LGP%`=EI% ;D% =AP=C=PM;>D_%$I=AS=AJ% EI;E% EIG% @Q^GLE% @\% HI=>@D@HIN% =D% ;>`;ND% J=C=AJ% J?@MAPD% \@?%@M?% ;LE=@AD% ;AP% >=\G% ?GCG;>D% EIG% D;<G% <@?;>% EG<HE;E=@A% ;D% EI=AS=AJ%EI;E% @AG% I;D% P@AG% GA@MJI% QN% ?G;LI=AJ% ;% LG?E;=A% DE;AP;?P_% .E% =AC=EGD%@AG% E@% EI=AS% EI;E% =E% =D% H@DD=Q>G% E@% \?GG% @AGDG>\% \?@<% EIG% PG<;APD% @\%>@CGR%;AP%E@R%<@?;>>N%DHG;S=AJR%P@%GA@MJI_%!GR%;D%HI=>@D@HIG?DR%D;NR%V.A% ;A% =PG;>% `@?>P% EI=D% `@M>P% A@E% I;HHGAXR% ;D% =\% `G% `G?G% A@E%@M?DG>CGD%?GDH@AD=Q>G%\@?%EIG%S=AP%@\%`@?>P%=E%=D_%$I=D%=D%;%?G;>%H?@Q>G<%\@?%O>;E@R%;AP% \@?%I=D% >@AJ=AJ% \@?% \@?<D% EI;E%Gg=DE%@MED=PG%@\%@M?% >=\GR%D=ALG%=E%<;SGD%I=<%=JA@?;AE%@\%EIG%`;ND%=A%`I=LI%<@?;>%PG<;APD%@A>N%;?=DG%=A%H;?E=LM>;?%D=EM;E=@AD_%%

+0!?6+0&!.(99+6:R?!

'GE%<G%GAP%QN% L@AD=PG?=AJ%;% ?G<;?S%QN%!=EEJGADEG=A% E@% DGG%@\%`I;E%IG>H% =E% <;N% QG% =A% `?;HH=AJ% MH% <N% EI@MJIED_% .A% EIG% ,@EGQ@@SD% IG%`?=EGD0% V.E% DGG<D% @AG% L;AiE% D;N% ;ANEI=AJ% <@?G% EI;A0% '=CG% I;HH=>NoX%a!=EEJGADEG=A%7187R%23Gb_%$IG%>=AG%\@>>@`D%D@<G%L@<<GAED%@A%I@`%E@%?GJ;?P% EIG% ?G>;E=@AD% QGE`GGA% J@@PAGDD% ;AP% GC=>R% EIG% `=>>% ;AP% EIG%`@?>PR% =A% `I=LI% D@<G% \@?<M>;E=@AD% ;>D@% ;HHG;?% ;Q@ME% EIG% `;N% =A%`I=LI% EIG% `@?>P% @\% EIG% I;HHN% <;A% =D% P=\\G?GAE% \?@<% EI;E% @\% EIG%MAI;HHN% <;A% aL\_% !=EEJGAEDEG=A% 711cR% q8_mcb_% .E% =D% A@E% H;?E=LM>;?>N%

% . & !2 & ($ + $3 !#A ! 6 # 0 & !

!

< @ I !

DM?H?=D=AJ%EI;E%EIG%?G<;?S%=D%A@E%=AL>MPGP%=A%"(,@$,$05R%D=ALG%=E%=D%A@E%;%HI=>@D@HI=L;>% ?G<;?S% =A% ;AN% DE?=LE% DGADG_% ,GCG?EIG>GDDR% =E% =D% `@?EI%L@AD=PG?=AJ%E@%L>;?=\N%EIG%S=AP%@\%`@?S%HI=>@D@HIN%L;A%QG%D;=P%E@%P@%`IGA%=E%L@<GD%E@%EIG%BMGDE=@AD%;Q@ME%`I;E%S=AP%@\%>=\G%`G%>G;P%a`=EI%;>>%EIG%=APGEG?<=A;LN%=A%DHG;S=AJ%;Q@ME%;%V`GX%=A%EI=D%L;DGb_%%

.%I;CG%L?=E=L=eGP%EIG%A@E=@A%EI;E%`G%=A%;AN%`;N%L@M>P%PGEG?<=AG%EIG%<G;A=AJ% @\% >@CG% V\?@<% EIG% @MED=PGX% ;AP% I;CG% BMGDE=@AGP% EIG%=AEG>>=J=Q=>=EN% @\% <;S=AJ% DGADG% @\% >@CGiD% <G;A=AJ% =APGHGAPGAE>N% @\%`I@%`G%;?G%;AP%`I;E%>=\G%`G%>=CGR%`I=LI%=D%;%<@CG%EI;E%=D%@\EGA%<;PG%`=EI=A%Q@EI%DL=GAE=\=L%;AP%HI=>@D@HI=L;>%=ACGDE=J;E=@AD_%.A%H;?E=LM>;?%.%I;CG% L?=E=L=eGP% EIG% ;EEG<HED% E@% P?;`% L@AL>MD=@AD% ;Q@ME% I@`% `G%DI@M>P%>=CG%@ME%@\%EIGDG%P=DE;ALGP%L@AD=PG?;E=@AD_%!G%<=DMAPG?DE;AP%EIG%BMGDE=@AD% ;E%I;AP% =\%`G% EI=AS% EI;E% aDL=GALG%@?b%HI=>@D@HIN%L@M>P%H?@C=PG% ^MDE=\=L;E=@A% \@?% `IN% LG?E;=A% ;DHGLED% @\% @M?% >=\G% DI@M>P% QG%HG?LG=CGP% ;D% J@@PR% =\% `G% EI=AS% EI;E% =E% L@M>P% @\\G?% J?@MAPD% \@?% @M?%<@?;>%;LE=@ADR%@?%EI;E%=E%DI@M>P%P=LE;EG%`I;E%;DHGLED%;?G%GDDGAE=;>%E@%;%I;HHN%>=\G_%l;EIG?%.%I;CG%`;AEGP%E@%DI@`%EI;E%EIG%BMGDE=@A%@\%<G;A=AJ%@A>N%<;SGD%DGADG%=A%EIG%L@AEGgE%@\%@M?%>=CGD_%.E%=D%=AEG?A;>>N%?G>;EGP%E@%EIG%BMGDE=@A% ;Q@ME%`I;E%<G;A=AJ%`G% DGG% =A% @M?% >=\GR% =A% EIG% DGADG% @\%`I;E%=D%'&,-4-+*08%E@%MD_%.A%`I;E%`;ND%P@GD%>@CG%J=CG%<N%>=\G%<G;A=AJ%;AP% `=EI% `I;E% <G;A=AJ% P@GD% =E% GAP@`% <N% >=\GZ% /;N=AJ% EI;E% >@CG%<;SGD% >=\G%<G;A=AJ\M>R% @AG% L@M>P% D;NR% =D% A@E% ;% ^MPJG<GAE% ;Q@ME% EIG%C;>MG% @\% >@CG_%l;EIG?% =E% =D% ;A% GgH?GDD=@A% @\% EIG%C;>MG% @?% D=JA=\=L;ALG%>@CG%I;D%=A%<N%>=\G_%%

$I=D%L?=E=L=D<%@\%;AN%;EEG<HE%E@%>@L;EG%<G;A=AJ%@MED=PG%@M?%>=\G%@?%H?GDGAE% J?@MAPD% \@?% ;% LG?E;=A% S=AP% @\% >=\G% =D% L@AAGLEGP% `=EI%!=EEJGADEG=AiD% L@AC=LE=@A% EI;E%HI=>@D@HIN%DI@M>P%A@E%QG%H?GDL?=HE=CG%QME% @A>N% PGDL?=HE=CG_% OI=>@D@HIN% DI@M>P% @A>N% DG?CG% E@% G>ML=P;EG% EIG%S=APD%@\%>=\G%`G%>=CG_%.E%DI@M>PR%;D%EIG!"(,@$,$05%EG>>D%MDR%SA@`%`IGA%E@%SGGH%BM=GE_%$I=D%=PG;%=D%;>D@%H?GDGAE%=A%I=D%;Q@CG%?G<;?S_%OI=>@D@HINR%D@% E@% D;NR% DI@M>P%A@E% EG>>% MD%`IGEIG?%`G% DI@M>P% QG%I;HHN%@?% A@ER% =E%DI@M>P% A@E% @\\G?% J?@MAPD% \@?% `IN% =E% =D% QGEEG?% E@% QG% I;HHN% EI;A%MAI;HHNR%;AP%D@%@A_% .E%<;N%@A>N%L>;?=\N%`I;E% =E%<;N%<G;A% E@% DHG;S%;Q@ME%I;HH=AGDD%;AP%MAI;HH=AGDD%=A%P=\\G?GAE%L=?LM<DE;ALGD_%%

.A%;%HI=>@D@HI=L;>%P=DLMDD=@AR%@AG%<;NR%\@?%=ADE;ALGR%H@=AE%@ME%EI;E%I;HH=AGDD%=D%A@E%;%P=DE=ALE%\G;EM?G%@\%@M?%>=\GR%;A%=AAG?%@Q^GLE%@?%\GG>=AJR%;% D<=>G% @A% N@M?% \;LG_% $IG% DGADG% =A% `I=LI% @M?% >=CGD% ;?G% I;HHN% @?%MAI;HHNR%@AG%<;N%\M?EIG?%?G<;?SR%DI@`D%=A%EIG%`;ND%`G%<;SG%DGADG%@\% >=\G_%";HH=AGDD%@?%MAI;HH=AGDD%;?G%;DHGLED%@\% EIG% DE?MLEM?G%@\%@M?%`@?>PR%I@`%`G%?G;LE% E@`;?PD% \;=>M?GD%;AP%?=DSD_%*AG%L@M>P%HG?I;HDR%E@AJMG% =A%LIGGSR%P=DE=AJM=DI% EIG%I;HHN%<;A% \?@<% EIG%MAI;HHN%<;A%

2 & ( $ + $ 3 !

! !

< @ C !

QN% H@=AE=AJ% E@% EIG% \=?DEiD% H?@HGAD=EN% E@% DE;AP% QGI=AP% EIG% ;EE=EMPGR%V&CG?N% \;=>M?G% =D% ;A% @HH@?EMA=EN_XR%`IG?G;D% EIG% DGL@APiD% ;EE=EMPG% E@%>=\G% =D% QGEEG?% GgH?GDDGP% =A% EIG% L@AC=LE=@AR% X&CG?N% @HH@?EMA=EN% =D% ;%H@DD=Q>G%\;=>M?G_X%%

OI=>@D@HINR% =\% .% E?N% E@% DHG>>% @ME% EIG% L@ADGBMGALGD% @\% DMLI% ;A%MAPG?DE;AP=AJ% @\% =ER% <;N% =A% EI=D% `;N% L>;?=\N% `I;E% <;N% L@MAE% ;D%;>EG?A;E=CGD% =A% ;% IM<;A% >=\G_% .E% L;AA@ER% I@`GCG?R% EG>>% MD% `I=LI%;>EG?A;E=CG% E@%LI@@DG_%$IG%@AMD% =D%DE=>>%@A%MD% E@%QG%I;HHN% =\%`G%`;AE%EI;E%S=AP%@\%>=\G_%#E%<@DER%HI=>@D@HIG?D%<;N%MEEG?%EIG%`=DI%EI;E%HG@H>G%QG% VI;HHNX_% )ME% EI=D% =D% A@E% ;ANEI=AJ% EIGN% P@% ;D% HI=>@D@HIG?D% =A%H;?E=LM>;?R%QME%D@<GEI=AJ%;AN@AG%@\%MD%<;N%`=DI%@M?%\G>>@`%QG=AJD%;D%IM<;A%QG=AJD%@M?DG>CGD_%$I=DR%.%E;SG%=ER%=D%`I;E%Y=><;A%`;AED%E@%H@=AE%@ME%=A%EIG%P=DE=ALE=@A%IG%@\EGA%<;SGD%QGE`GGA%HI=>@D@HI=L;>%BMGDE=@AD%;AP%BMGDE=@AD%@\%>=\G_%a/GG%G_J_%Y=><;A%7113;R%6m1468m_b%%

.A%H;?E% .% ;J?GG%`=EI% EI=D%PGDL?=HE=@A%@\% EIG%H>;LG%@\%HI=>@D@HIN% =A%<@?;>% >=\G_%)ME% .% EI=AS% EIG?G% =D%<@?G% E@% EIG%<;EEG?% EI;A% EI=D_%$IG?G% =D%D@<GEI=AJ% `?@AJ% =A% EI=AS=AJ% EI;E% `G% L@M>P% DSGELI% EIG% L@ALGHEM;>%L@AE@M?D% @\% ;% I;HHN% >=\G% ;AP% EIGA% >G;CG% =E% E@% EIG% ?G;PG?% E@% PGL=PG%`IGEIG?%@?%A@E%DIG%`;AED%E@%<;SG%EI=D%IG?%>=\G_%.E% =D%;D%=\% =E%`@M>P%QG%H@DD=Q>G%E@%DL;A%EIG%;>EG?A;E=CGD%;AP%H>;LG%EIG<%D=PG%QN%D=PGR%;D%=\%DMLI%;% H?@^GLE% `@M>P% A@E% QG% \;LGP% `=EI% <;AN% =AEG?A;>% P=\\=LM>E=GD_% Vj@M%<;N%LI@@DG%E@%QG%I;HHNR%QME%N@M%<;N%;>D@%LI@@DG%A@E%E@_X%$I=D%\;=>D%E@%L;HEM?G% EIG% PGHEI% @\%!=EEJGADEG=AiD% =AD=JIE% EI;E% EIG% I;HHN% ;AP% EIG%MAI;HHN%<;A%P@%A@E%?G;>>N%>=CG%=A%EIG%D;<G%`@?>P_%.E%P@GD%A@E%;EEGAP%E@%EIG%`;ND%=A%`I=LI%;A@EIG?%HG?D@AiD%`@?>P%<;N%\GG>%>=SG%;%<NDEG?N%E@%<GR%@?%EIG%DGADG%=A%`I=LI%`G%<;N%\GG>%EI;E%@M?%`@?>PD%P@%A@E%E@MLI%G;LI%@EIG?_%%

$I=D%=D%A@E%E@%D;N%EI;E%`G%L;AA@E%DHG;S%E@%G;LI%@EIG?%;AP%EI;E%@M?%`@?>PD%\@?<%DMQ^GLE=CG%`I@>GD%EI;E%P=D;Q>G%L@<<MA=L;E=@A_%l;EIG?% =E%=D% ;A% ;EEG<HE% E@% L;HEM?G% `I;E% @AG% <;N% EI=AS% =D% ;A% Gg=DEGAE=;>%GgHG?=GALGR%EIG%\GG>=AJ%EI;E%LG?E;=A%;DHGLED%@\%;A@EIG?%HG?D@AiD%>=\GR%@?%>=\G%;D%;%`I@>GR%=D%A@E%@HGA%E@%<G_%.%<;N%\GG>%EI;E%.%L;AA@E%MAPG?DE;AP%N@M%=A%EIG%DGADG%EI;E%.%L@<G%E@%DI;?G%N@M?%?G;LE=@A_%.A%EI;E%`;NR%=E% =D%E@@%`G;S%E@%D;N%EI;E%.%LI@@DG%E@%>G;P%;%H;?E=LM>;?%S=AP%@\%>=\G_%.A%<;AN%L;DGD%.%DGG%A@%?G;>%;>EG?A;E=CG_%*\%L@M?DGR%P=\\G?GAE%EI=AJD%<;N%I;HHGA%EI;E%LI;AJG%<N%`@?>P%@?%`I;E%.%DGG%;D%H@DD=Q=>=E=GD%=A%=E_%KN%<GGE=AJD%`=EI% @EIG?% HG@H>GR% E?;JGP=GD% EI;E% QG\;>>%<GR%<;N% I;CG% ;% >=\G4;>EG?=AJ%G\\GLE%@A%<G_%WMDE% EI=AS%@\%I@`%EIG%\GG>=AJ%@\%J?=G\%<;N%QG%GgH?GDDGP%QN%EIG%EI@MJIE%EI;E%EIG?G%`;D%;%D@?E%@\%>=\G%.%>=CGP%EI;E%=D%A@`%A@E%GCGA%;%H@DD=Q=>=EN0%%

%

% . & !2 & ($ + $3 !#A ! 6 # 0 & !

!

< @ = !

vz_w%"G%`;D%<N%,@?EIR%<N%/@MEIR%<N%&;DE%;AP%!GDER%KN%`@?S=AJ%`GGS%;AP%<N%/MAP;N%?GDER%KN%A@@AR%<N%<=PA=JIER%<N%E;>SR%<N%D@AJn%.%EI@MJIE%EI;E%>@CG%`@M>P%>;DE%\@?GCG?0%.%`;D%`?@AJ_%%$IG%DE;?D%;?G%A@E%`;AEGP%A@`n%HME%@ME%GCG?N%@AGR%O;LS%MH%EIG%<@@A%;AP%P=D<;AE>G%EIG%DMAR%O@M?%;`;N%EIG%@LG;A%;AP%D`GGH%MH%EIG%`@@Pn%T@?%A@EI=AJ%A@`%L;A%GCG?%L@<G%E@%;AN%J@@P_%a#MPGA%7111R%VTMAG?;>%)>MGDXb%

TM?EIG?<@?GR%H?GDGAE=AJ%EIG%P=C=D=@A%QGE`GGA%EIGDG%P=\\G?GAE%`;ND%@\%HG?LG=C=AJ%>=\G%;D%;%<;EEG?%@\%LI@=LGR%>G;CGD%@ME%I@`%EIG%HI=>@D@HI=L;>%=ACGDE=J;E=@A%<;N%DG?CG%E@%PGGHGA%<N%MAPG?DE;AP=AJ%@\%;%L@ALGHER%QN%DI@`=AJ% =E% MH% =A%AG`% L>@EIGD% ;AP%H?@C=PG%`;ND% @\%<;S=AJ% DGADG% @\%<N% GgHG?=GALGD% EI;E% `G?G% A@E% H?GC=@MD>N% `=EI=A% <N% ?G;LI_% $IG%;EEG<HE%E@%DI@`%I@`%@M?%MAPG?DE;AP=AJ%@\%J@@PAGDD%;AP%I;HH=AGDDR%;AP% ;Q@ME% `I;E% >=\G% =D% ;D% ;% `I@>GR% =D% PGGHGAGP% ;AP% E?;AD\@?<GP%EI?@MJI%>@CGR%I;D%QGGA%;%LGAE?;>%;=<%@\%<N%P=DLMDD=@A_%%

!I;E% =D% >;LS=AJ%\?@<%;A%;LL@MAE% EI;E%DGGD% EIG%HI=>@D@HI=L;>%`@?S%@\%L>;?=\=L;E=@A%;D%HM?G>N%PGDL?=HE=CGp=A%EIG%DGADG%EI;E%EIG%PGDL?=HE=@A%<;SGD%A@%A@?<;E=CG%L>;=<D%@A%MDp=D% EIG%?GL@JA=E=@A% EI;E%L@<=AJ% E@%DGG%D@<GEI=AJ%;D%;%<G;A=AJ\M>%PGDL?=HE=@A%L;AA@E%QG%DGH;?;EGP%\?@<%?GL@JA=e=AJ%EIG%PG<;APD%EI;E%EIG%H@DD=Q=>=E=GD%@\%MAPG?DE;AP=AJ%>=\G%=A%EI;E% <;AAG?% <;SGD% @A% <G_% )N% L@<=AJ% E@% J?;DH% EIG% L@ALGHE% @\%VJ@@PAGDDXR%QN%GAL@MAEG?=AJ%=E%=A%EIG%\@?<%@\%;A%MAL@AP=E=@A;>%;LE%@\%>@CGR% .%L@<G%;>=CG%A@E%@A>N%E@%@EIG?%HG@H>G%;LE=AJ%=A%EI=D%`;NR%QME%E@%EIG%H@DD=Q=>=EN%@\%;LE=AJ%=A%;%D=<=>;?%`;N%<NDG>\%=A%;A@EIG?%D=EM;E=@A_%%

.% P@% A@E% <G;A% EI;E% ?GDH@AP=AJ% E@% EIGDG% PG<;APD% AGLGDD;?=>N%=<H>=GD% ;LE=AJ% =A% ;LL@?P;ALG% `=EI% EIG<_% $IG?G% ;?G% <;AN% `;ND% =A%`I=LI%<N%;LSA@`>GPJG<GAE%@\%EIGDG%PG<;APD%<;N%E;SG%EIG%\@?<%@\%;%?G\MD;>%E@%;LE%@A%EIG<_%.%?G;>=eG%EI;E%.%L@M>P%P@%D@<GEI=AJR%QME%.%?G\?;=A%\?@<% P@=AJ% =ER% \@?% D@<G% DHGL=;>% ?G;D@A_% V.E% `@M>PAiE% I;CG% LI;AJGP%<MLI% ;AN`;N_X% V/@L=GEN% DI@M>P% L;?G% \@?% I@<G>GDD% HG@H>GR% A@E%=AP=C=PM;>% L=E=eGAD_X% V.%`@M>P%I;CG%P@A;EGP%<@AGN%QME% ?=JIE% A@`% .%AGGPGP%=E%\@?%<NDG>\_615%%

KN%H@=AE%=D%?;EIG?%EI;E%?GL@JA=e=AJ%EIG%PG<;APD%@\%>@CG%J=CGD%<N%\M?EIG?%;LE=@AD%;%P=DE=ALE%<G;A=AJ_%!I;EGCG?%.%EI=AS%@?%P@%;Q@ME%EIG<R%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%615% .A%EI;E%?GDHGLE%.%P@%A@E% EI=AS%EI;E%<N%;LL@MAE%L;A%QG%H?@HG?>N%Q>;<GP%\@?%J=C=AJ%GgH?GDD=@A% E@% ;% \@?<% @\% `I;E% Y_É_% OI=>>=HD% =A% P=DLMDD=@AD% I;CG% L;>>GP% V<@?;>%@HE=<=D<X%aDGG%"G?EeQG?J%6FF6b_%%

2 & ( $ + $ 3 !

! !

< @ H !

.% ;<% =<H>=L;EGP%QN%<N% ?GL@JA=e=AJ% EI=D% ;D% ;% H@DD=Q=>=EN% =A%<N% >=\G_% .%@HGA% <NDG>\% E@% EIG% L?=E=L=D<% @\% ;LE=AJ% DG>\=DI>N% ;AP% \;=>=AJ% =A% <N%?G>;E=@ADI=HD%E@%EIG%HG@H>G%.%>@CG_%$@%?GL@JA=eG%>@CG%;D%;%H@DD=Q=>=EN%=A%;%IM<;A% >=\GR% EIGAR% =D% E@% ?GL@JA=eG% EIG%PG<;APD% =E%<;N%<;SG%@A%<N%@`A%>=\G_%.A%EIG%DGADG%EI;E%.%DGG%>@CG%;D%;%H@DD=Q=>=EN%=E%=D%A@E%@HGA%E@%<G%LI@@DG%`I;E%E@%P@_% .%;<%L@A\?@AEGP%QN%EIG%BMGDE=@A%@\%`I;E%DMLI%;A%MAPG?DE;AP=AJ%<;SGD%@\%<GR%`I@%.%;<%@?%QGL@<G%=A%EIG%>=JIE%@\%EIGDG%PG<;APD_% $IGN% <;N% \@?LG% <G% E@% ?GL@JA=eG% <N% @`A% D<;>>4<=APGPAGDDR%\G;?%;AP%P=\\=LM>EN%E@%>@CG_%

$IMDR% >G;?A=AJ% ;Q@ME% EIG% L@ALGHE% L;AA@E% QG% DGH;?;EGP% \?@<%>G;?A=AJ%;Q@ME%<NDG>\R% ;Q@ME%<N% >=\GR%<N%`@?>P_%$I=D%<;N%;>D@%QG%;%?G;D@A% `IN% ;% L@ALGHEM;>% =ACGDE=J;E=@A% =AE@% >@CG% =A% <;AN% L;DGD% =D%<MLI% <@?G% P=\\=LM>E% E@% E;SG% @A% EI;A% ;AN% @EIG?% HI=>@D@HI=L;>%=ACGDE=J;E=@A_% &CGA% =\%`G% ;J?GG% EI;E% VHI=>@D@HIN% =D% ;>`;ND%`@?S% @A%@AGDG>\X618%EIG%S=AP%@\%`@?S%EI;E%=D%?GBM=?GP%=A%;A%=ACGDE=J;E=@A%@\%>@CGR%@?%<@?;>%HI=>@D@HIN%@A%EIG%`I@>GR%=AC@>CGD%@AGDG>\%=A%;%P=\\G?GAE%`;N%EI;A%=E%<;N%DGG<%EI;E%=ACGDE=J;E=@ADR%=A%\@?%=ADE;ALGR%EIG%HI=>@D@HIN%@\%<=AP%<;N%DGG<%E@%P@%;E%\=?DE%J>;ALG_612%%

$IG%H@=AE% EI;E%<N%MAPG?DE;AP=AJ% @\% ;% L@ALGHE% ?GCG;>D% D@<GEI=AJ%;Q@ME%`I@%.%;<R%;AP%<N%<@?;>=ENR%L;A%QG%E;SGA%=A%;E%>G;DE%E`@%`;ND_%$IGDG%L@<G%@ME%QN%L@AD=PG?=AJ%EIG%S=AP%@\%P=D;J?GG<GAED%EIG?G%<;N%QG% QGE`GGA% J=CGA% P=\\G?GAE% PGDL?=HE=@AD% @\% ;% D=EM;E=@A% ;AP% @\% ;%L@ALGHE_%$IG%\=?DE%S=AP%@\%P=D;J?GG<GAE%L@ALG?AD%D=EM;E=@AD%=A%`I=LI%.%?GL@JA=eG%D@<GEI=AJ%;D%;%<G;A=AJ\M>%PGDL?=HE=@A%@\%;%L@ALGHE%QME%P@%A@E% ;LLGHE% =E% ;D% ;A% ;HH?@H?=;EG% PGDL?=HE=@A% @\% ;% LG?E;=A% D=EM;E=@A_% .%;J?GG% EI;E%QM>>N=AJ% =D%`?@AJR%;AP% EI;E% ?GL@JA=e=AJ% =E% ;D%;A%;DHGLE%@\%E`@% LI=>P?GAiD% PG;>=AJD% `=EI% G;LI% @EIG?% `@M>P% ?GBM=?G% ;A%=AEG?CGAE=@A_% .A% EI=D% L;DGR% I@`GCG?R% .% P@% A@E% DGG% QM>>N=AJ% =A% EIG=?%;LE=@AD% QME% @A>N% ?@MJI% H>;N\M>AGDD_613% ,@`R% =\% N@M% `G?G% E@% DE;?E%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%618%:\_%H_%6c_%612% .E% <;N% QG% D;=P% EI;E% EIG% `@?S% =E% ?GBM=?GD% =D% <@?;>% =A% ;% P=\\G?GAE% DGADG% EI;A% EIG%HI=>@D@HI=L;>%`@?S% =A% @EIG?% ;?G;D_% $IG% H@DD=Q=>=EN% @\% P=DLMDD=AJ% VPGD=?GDXR% VQG>=G\DX%GEL_%@A%;% ?;EIG?%JGAG?;>% >GCG>R%<;SGD% =E% G;D=G?% E@% EI=AS% EI;E%@AG% L@M>P%<;SG% DGADG%@\%EI;E% >;AJM;JG% \?@<% ;% AGME?;>%HG?DHGLE=CG_% )ME% IG?G% ;D%`G>>R% =E% =D% =<H@?E;AE% E@% Q?=AJ%Q;LS%EIG%`@?PD%E@%EIG=?%MDGR%EI;E%=DR%?GL@JA=eG%EI;E%`G!05&%EIG<%;AP%`I;E%EI=D%=<H>=GD%\@?% @M?% MAPG?DE;AP=AJ% @\% >;AJM;JG_% $I=D% =D% @AG% DGADG% =A% `I=LI% `G% <;N% ?GJ;?P%HI=>@D@HIN% ;D% EIG?;HGME=LR% =A% EIG% `;N% EI;E% D@<G% HI=>@D@HIG?D% I;CG% PGDL?=QGP% EIG%G<HI;D=D%@\%!=EEJGADEG=AiD%HI=>@D@HIN_%%613% .% Q@??@`% EIG% Gg;<H>G% \?@<% EIG% =AE?@PMLE=@A% E@% ;% /`GP=DI% L@>>GLE=@A%@\% GDD;ND% =A%<@?;>% HI=>@D@HIN% QN% HI=>@D@HIG?D% `@?S=AJ% =A% EIG% E?;P=E=@A% @\% !=EEJGADEG=A%a);LSDE?]<%;AP%$@??SM>>;%6FF7b%$IG%=AE?@PMLE=@A%DG?CGD%;D%;A%=<H@?E;AE%L@AE?=QME=@A%=A%=ED%@`A%?=JIER%=A%=ED%>ML=P%H?GDGAE;E=@A%@\%EIG%<;^@?%`;ND%=A%`I=LI%EI=D%`;N%@\%P@=AJ%

%

% . & !2 & ($ + $3 !#A ! 6 # 0 & !

!

< @ @ !

P=DLG?A=AJ% ;% H;EEG?A% =A%<N% ;HH>=L;E=@A% @\% EIG%`@?PD% VQM>>N=AJX% ;AP%VH>;N=AJ% ?@MJI>NXR% DGG=AJR% \@?% =ADE;ALGR% EI;E% .% ;HH>N% EIG% \=?DE% BM=EG%DL;?LG>NR%QME%MDG% EIG% >;EEG?%<@?G% \?GG>NR%N@M%<;N%`G>>% EI=AS% EI;E% EI=D%?GCG;>D%;%LG?E;=A%L;>>@MDAGDD%@?%I;?DIAGDD%=A%<N%;EE=EMPG%E@`;?PD%`I;E%=D%I;HHGA=AJ%E@%@EIG?%HG@H>G_% .A%;%D=<=>;?%<;AAG?R%QME%L@AD=PG?=AJ%;%P=\\G?GAE% L;DGR% N@M% <;N% EI=AS% EI;E% <N% G;JG?AGDD% E@% DHG;S% ;Q@ME%VQM>>N=AJX%=A%LG?E;=A%D=EM;E=@AD%GgH?GDDGD%;%J?G;EG?%DGAD=E=C=EN%@?%GCGA%H;?;A@=;_% .A% EI=D%`@?SR% .%I;CG% E?=GP% E@% ;?JMG% EI;E%HI=>@D@HIN%I;D%A@%@QC=@MD%?@>G%=A%DGEE>=AJ%DMLI%P=DHMEGD_%!I;E%`G%<;N%L@<G%E@%DGG%;D%;A%;HH?@H?=;EG% PGDL?=HE=@A% @\% ;% H;?E=LM>;?% D=EM;E=@A% I;D% E@% QG% DGEE>GP% =A%L@ACG?D;E=@AR%;>EI@MJI%=E% =D%;>D@%H@DD=Q>GR%A@E%E@%D;N%BM=EG%MDM;>R% EI;E%`G% >G;CG% EIG% D=EM;E=@A%`=EI@ME% ?G;LI=AJ% ;AN% ;J?GG<GAE% ;Q@ME%`I;E%EIG%H?@HG?%MAPG?DE;AP=AJ%@\%=E%GAE;=>D_%%

$IGDG%;?G%L;DGD%=A%`I=LI%`G%<;N%QG%D;=P%E@%DI;?G%EIG%D;<G%L@ALGHE_%$IG% @A>N%P=D;J?GG<GAED%`G%I;CG% =D% ;Q@ME% =ED% ,HH84@,$4#-_% $IG% DGL@AP%L;DGR%.%I;CG%=A%<=APR%I@`GCG?R%;?G%D=EM;E=@AD%=A%`I=LI%=E%=D%A@E%L>G;?%E@%QGJ=A% `=EI% `IGEIG?% `G% 5%,(&! ,-! 0-.&(5$,-.4-+! #*! ,! @#-@&H$_% $I=D%=AC@>CGD%D=EM;E=@AD% =A%`I=LI%@AG%`@M>P%BMGDE=@A%EIG%<G;A=AJ\M>AGDD%@\% ;% PGDL?=HE=@A% @\% ;% L@ALGHE_611% $I=D% `@M>P% QG% EIG% L;DG% =\% D@<G@AG%EGDE=\=GP% E@% A@E% QG=AJ% ;Q>G% E@% <;SG% DGADG% @\% `I;E% .% I;CG% L;>>GP% EIG%;QD@>MEG% DGADG% =A%`I=LI%`G%MDG% EIG%`@?PD% V>@CGX% @?% VJ@@PAGDDXR% @?%`@M>P%;?JMG%EI;E%L@AE?;?N%E@%`I;E%.%I;CG%E?=GP%E@%D;NR% >@CG%=D%@A>N%;%<;EEG?% @\% H@`G?4?G>;E=@ADR% ;% `;N% @\% DG?C=AJ% @AGiD% DG>\4=AEG?GDE% @?%=AC@>CGP%`=EI%EIG%D;E=D\;LE=@A%@\%LG?E;=A%Q=@>@J=L;>%AGGPD_%WMDE%EI=AS%@\%D@<G@AG%`I@%`@M>P%A@E%QG%L@AEGAE%`=EI%EIG%;AD`G?R%V.%>@CG%IG?XR%E@%GgH>;=A%`IN%.%`@M>P%\@>>@`%EIG%@AG%.%>@CG%E@%;A@EIG?%L@AE=AGAE%\@?%EIG%D;SG% @\% IG?%`@?S0% V)ME%`IN%`@M>P% EI;E% QG% ;% ?G;D@AZX%"G?G%`G% ;?G%\;LGP%`=EI% ;%P=\\G?GAE%S=AP%@\%P=\\=LM>EN% EI;A% =A% EIG% L;DG%@\%PGL=P=AJ%`IGEIG?% EIG%LI=>P?GA%;?G%QM>>N=AJ_cFF%*M?%BMGDE=@A%L@ALG?AD%A@E%@A>N%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%<@?;>% HI=>@D@HIN%P=\\G?D% \?@<%`I;E% EIG% GP=E@?D% L;>>% EIG% XDE;AP;?P% H=LEM?G% @\%<@?;>%HI=>@D@HINX_%%611% #% \M?EIG?% BMGDE=@A% L@M>P% QG% `IGEIG?% =E% =D% H@DD=Q>G% E@% ?GL@JA=eG% D@<GEI=AJ% ;D% ;%<G;A=AJ\M>%PGDL?=HE=@A%@\%D@<G@AG%G>DGiD%>@CGR%QME%A@E%DGG%=E%;D%<;S=AJ%;AN%P=\\G?GALG%=A%<N%>=\G_%"@`%`G%;AD`G?%EI;E%BMGDE=@AR%;J;=AR%PGHGAPD%@A%`I;E%`G%`;AE%E@%D;N%=A%H;?E=LM>;?%L;DGD_%/@<GE=<GDR%Vj@M%P@AiE%MAPG?DE;APXR%V.%MAPG?DE;AP%EI;E%N@M%`@M>P%DGG% =E% >=SG% EI;E% QME% .% `@M>PAiEsL@M>PAiEoX% !I;E% =D% EIG% P=\\G?GALG% QGE`GGA% DGG=AJ%D@<GEI=AJ%;AP%A@E%;LLGHE=AJ%=E%;D%;%H@DD=Q>G%PGDL?=HE=@A%aGgH?GDD=@Ab%@\%>@CGZ%%cFF%/@<G@AG%<;N%QG%=AL>=AGP%E@%;DSR%V!I;E%S=AP%@\%P=\\=LM>EN%=D%EI=DZX%V.D%=E%;%P=\\=LM>EN%@\%MAPG?DE;AP=AJ%EIG%L@ALGHE%@\%x>@CGi%@?%;%P=\\=LM>EN%@\%MAPG?DE;AP=AJ%>@CGZX%.%EI=AS%EI=D%L;DG%L>G;?>N%DI@`D%EI;E%EIG?G%=D%A@%D=<H>G%`;N%@\%DGH;?;E=AJ%EIG%E`@_%

2 & ( $ + $ 3 !

! !

B G G !

`I;E%<G;A=AJ%`G% DGG% =A% ;% DHGL=\=L% D=EM;E=@AR% QME%`I;E%<G;A=AJ% EIG%`@?P%V>@CGX%I;D%\@?%MD_%%

.E% =D% \;=?% E@% D;N% EI;E% <;AN% @\% EIG% HI=>@D@HI=L;>% P=\\=LM>E=GD% @\%MAPG?DE;AP=AJ%`I;E%D@<GQ@PN%`;AED%E@%D;N%;Q@ME%>@CG%;AP%<@?;>=EN%;?G% @\% EIG% >;EEG?% S=AP_% .E% =D% E?MGR% @\% L@M?DGR% EI;E% <N% PGDL?=HE=@A% @\%P=\\G?GAE%MDGD%@\%V>@CGX%<;N%QG%<=D>G;P=AJR%;AP%<=D?GH?GDGAE;E=CG%@\%D@<G%L;DGD_%"G?GR%;A@EIG?%<;N%IG>H%E@%H@=AE%@ME%MDGD%EI;E%P@%A@E%\;>>%MAPG?% EIG% PGDL?=HE=@A% .% I;CG% J=CGAR% ;AP% EIG?GQN% PGGHGA% <N%MAPG?DE;AP=AJ%@\%=E_%&CGA%=\%<N%MAPG?DE;AP=AJ%@\%;%L@ALGHE%P@GD%A@E%L@A\>=LE%`=EI%N@M?DR%.%<;N%>G;?A%D@<GEI=AJ%;Q@ME%=E%EI?@MJI%>=DEGA=AJ%E@% I@`% N@M% `@M>P% PGDL?=QG% =ER% ;AP% J;=A% AG`% =AD=JIED% ;Q@ME% EIG%L@ALGHE%\?@<%DHG;S=AJ%`=EI%@EIG?D_%KN%MAPG?DE;AP=AJ%<;N%PGGHGA%QN%<N%L@<=AJ%E@%DGG%AG`%;DHGLED%@\%EIG%`@?P%@?%\=AP=AJ%AG`%MDGD%\@?%=E%=A%<N%>=\G_%$IGDG%`;ND%@\%?G<=AP=AJ%G;LI%@EIG?%@\%P=\\G?GAE%MDGD%@\%@M?%`@?PD% =D% ;>D@% ;A% GDDGAE=;>% ;DHGLE% @\% EIG% HI=>@D@HI=L;>% H?;LE=LG_%OI=>@D@HIN%L@M>P%GCGA%QG%DGGA%;D%;%L@ADE;AE%G\\@?E%E@%MAPG?DE;AP%EIG%<G;A=AJD%@\%@M?%L@ALGHEDR%QN%`I=LI%.%<G;A%;A%;EEG<HE%E@%MAPG?DE;AP%;AP%;?E=LM>;EG%EIG%MDGD%`G%<;SG%@\%@M?%`@?PD%=A%>;AJM;JG_%%

$IG%H@DD=Q=>=EN%@\%DMLI%;%PGGHGA=AJ%@\%L@ALGHED%;>D@%EGDE=\=GD%E@%EIG%`;ND% =A% `I=LI% >;AJM;JG% =D% DI;?GP% ;AP% <G;A=AJ% L;A% QG% D;=P% E@% QG%=APGEG?<=A;EG_%.E%=D%A@E%L>G;?%\?@<%EIG%DE;?E%`I;E%LG?E;=A%EI=AJD%DI@M>P%<G;A%@?%`I;E%<G;A=AJ%`G% DI@M>P% DGG% =A% EIG<_%$IG?G% =DR% ;D% =E%`G?GR%?@@<%\@?% EIG%MAI;HHN%;AP%I;HHN%<;A%E@%<GGE_%&CGA% =\% D@<G%@\%@M?%MDGD%@\%L@ALGHED%L@A\>=LER%@EIG?D%<;N%DE=>>%QG%=A%;J?GG<GAE_%$I=D%@HGAD%\@?% L@ACG?D;E=@AR% \@?% LI;AJ=AJ% @AGiD% <=AP_% ,GCG?EIG>GDDR% EIG?G% ;?G%@EIG?% L;DGD% =A% `I=LI% EIG% P=D;J?GG<GAED% ;Q@ME% @M?% L@ALGHED% ?MA%PGGHG?_% $I=D% =D% H;?E=LM>;?>N% EIG% L;DG% =A% BMGDE=@AD% EI;E% =AC@>CG% @M?%<@?;>%MAPG?DE;AP=AJ_%.%EI=AS%`G%L;A%@A>N%E;SG%=E%\@?%;%\;LE%EI;E%EIG?G%;?G%D=EM;E=@AD%=A%`I=LI%@M?%`@?>PDR%;AP%@M?%`@?PDR%P@%A@E%<GGE_%*M?%MAPG?DE;AP=AJ%@\%L@ALGHED%P=\\G?D%;E% E=<GDR% =A%EIG%D;<G%`;N%EI;E%@M?%>=CGD%P=\\G?_cF7%%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%cF7% !I;E% P@% EIGDG% S=APD% @\% P=D;J?GG<GAED% ;<@MAE% E@% =A% @M?% >=\GZ% *AG% ;DHGLE% @\%?G^GLE=AJ% ;% PGDL?=HE=@A% @\% EIG% L@ALGHE% @\% >@CG% ;D% <G;A=AJ>GDD% =D% EI;E% =E% =AC@>CGD% ;%?G^GLE=@A%@\%EIG%HG?D@A%`I@%J=CGD%GgH?GDD=@A%E@%EI=D%S=AP%@\%MAPG?DE;AP=AJ_%#AP%=E%=D%L>G;?% EI;E%<@?;>% HI=>@D@HIN% @\EGA% =AC@>CG% EIGDG% S=APD% @\% ?G^GLE=@A_% .% ?G^GLE% ;% LG?E;=A%C=G`%;D% L;>>@MDR% DG>\=DIR% @CG?>N% =PG;>=e=AJ% GEL_% .A%<;AN%@\% EIG% \=?DE% L;DGDR% I@`GCG?R% .%<;N%EI=AS%EI;E%EIG%;LL@MAE%=D%A@E%DG?=@MD>N%HME%\@?EI%;D%;A%;LL@MAE%@\%<@?;>=EN_%.%<;N%DMDHGLE%EI;E%=E%P@GD%A@E%?GDH@AP%E@%EIG%MAPG?DE;AP=AJ%@\%<@?;>=EN%EI;E%L@<GD%E@%DI@`%=A%EIG%HG?D@AiD%@`A%>=\G_%.%P@%A@E%H?@H@DG%;AN%D@>ME=@A%E@%EI=D_%.%D=<H>N%`;AE%E@%H@=AE%@ME%@AG%P=\\=LM>EN%EI;E%=D%L@AAGLEGP%`=EI%P@=AJ%<@?;>%HI=>@D@HIN_%%

% . & !2 & ($ + $3 !#A ! 6 # 0 & !

!

B G ; !

$I=D% ?G;>=e;E=@A% <;NR% @\% L@M?DGR% DE=>>% >G;CG% @AG% DG;?LI=AJ% \@?% ;%MA=CG?D;>% MAPG?DE;AP=AJR% HG?I;HD% GCGA% <@?G% PGDHG?;EG>N_% .% `@M>P%?;EIG?%DGG%EI;E%=E%>G\E%MD%;D%;%?G<=APG?%@\%EIG%AGGP%\@?%D=ALG?=EN_%.%I;CG%E?=GP% E@% DI@`% EI;E%`G% L;AA@E% DGH;?;EG% EIG%BMGDE=@A%;Q@ME%`I;E% >@CG%<G;ADR% \?@<% EIG% <@?;>% BMGDE=@A% ;Q@ME% `I;E% .% <G;A% `IGA% .% DHG;S%;Q@ME% >@CG_% !I;E% =D% <@?GR% .% `@M>P% ;?JMG% EI;E% EI=D% BMGDE=@A% =D%=AE=<;EG>N%E=GP%E@%EIG%BMGDE=@A%`IGEIG?%.%<G;A%`I;E%.%D;N_%$IG%=AD=JIE%EI;E%@M?%MAPG?DE;AP=AJ%<;N%P=\\G?R%;AP%;>D@%LI;AJGR%DI@M>P%M?JG%MD%E@%;DS%`I;E%S=AP%@\%MAPG?DE;AP=AJ%=E%=D%H@DD=Q>G%\@?%MD%E@%DE;AP%QGI=AP_%!I;E%L;A%.%D;N%;AP%<G;AZ%%

$IG% EG<HE;E=@A% .% I;CG% E?=GP% E@% GgH@DG% =D% EI=AS=AJ% EI;E% `G% L@M>P%D@>CG%BMGDE=@AD% @\%<G;A=AJ%`=EI@ME% I;C=AJ% E@% E;SG% ;% DE;AP%@A% =ER% @?%DE;?E%`=EI%@M?%@`A% >=\G_%KN%H@=AE%I;D%A@E%QGGA% EI;E%`G%;?G% EIG%@AGD%`I@%L?G;EG%<G;A=AJ%@?% EI;E% EIG%<G;A=AJ% =D% D@<GI@`% =A%MD_! .E% =D%A@E%EI;E% .% J=CG% <G;A=AJ% E@% <N% `@?PD% QN% D@<G% S=AP% @\% =AAG?% ;LE_% $IG%<G;A=AJ%@\%<N%`@?PD%P@GD%A@E%>=G%=A%;%DHGL=\=L%G<HI;D=DR%@?%;%E@AG%@\%C@=LG_%$IG%BMGDE=@A%`G%AGGP%E@%;DS%@M?DG>CGD% =D%`I=LI%L@ALGHEDR%;AP%`I=LI%MDGD%@\%;%`@?PR%I;CG%;%H>;LG%=A%@M?%>=\G_%!I=LI%L@ALGHED%DG?CG%E@%;?E=LM>;EG%@M?%GgHG?=GALGD%;AP%<;SG%DGADG%@\%@M?%>=\GZ%$@%`I;E%MDGD%P@%`G%`;AE%E@%HME%@M?%`@?PDZ%$IG%HG?D@A;>%P=<GAD=@A%@\%EIGDG%BMGDE=@AD%=D%?;EIG?%E@%QG%\@MAP%=A%EI;E%EIGN%L;A%@A>N%QG%;PP?GDDGP%QN%P=?GLE=AJ%@M?DG>CGDR!;D%=AP=C=PM;>D%;AP%;D%HI=>@D@HIG?DR%E@%EIG%P=\\G?GAE%MDGD%@\%@M?%`@?PD%=A%@M?%?G>;E=@AD%E@%G;LI%@EIG?%=A%@M?%>=\G_%

!IGA%!=EEJGADEG=A% >G;CGD% @ME% EIG% =A^MALE=@A% E@% QG% I;HHN% =A% EIG%\=A;>%CG?D=@A%@\% EIG%"(,@$,$05R% .%`@M>P%DMJJGDE% EI;E%IG%P@GD%A@E% >G;CG%@ME% I;HH=AGDD% ;D% ;% P=DE=ALE% \G;EM?G% @\% HI=>@D@HIN_% $IG% L@<<;AP% E@%V>=CG%I;HH=>NX%=D%?GHG;EGP%=A%;%P=\\G?GAE%\@?<%`IGA%!=EEJGADEG=A%=A%EIG%\=A;>%H;?;J?;HI%@\%EIG%"(,@$,$05%EG>>D%MD%EI;E%`G%DI@M>P%@A>N%D;N%`I;E%L;A%QG%D;=P%;AP%?G<;=A%=A%D=>GALG%;Q@ME%EI;E%@\%`I=LI%`G%L;AA@E%DHG;S%a!=EEJGADEG=A%7187R%q2b_cF6%.E%DG?CGD%E@%?G<=AP%MD%EI;E%EIG?G%;?G%`;ND%@\%P@=AJ% HI=>@D@HIN% EI;E% ;?G% ?GCG>;E@?N% @\% @M?% MAI;HH=AGDD_% .A% EIG%;EEG<HEDR%\;<=>=;?%E@%<MLI%HI=>@D@HINR%E@%L@AE?@>%EIG%=ACGDE=J;E=@AR%E@%@?PG?% >;AJM;JG% @?% L@ADE?MLE% DNDEG<D% =A% ;LL@?P;ALG% `=EI% @AGiD% @`A%H?GDMHH@D=E=@AD% @\% EIG% @Q^GLE% @\% DEMPNR% !=EEJGADEG=AR% D;`% EIG%LI;?;LEG?=DE=LD%@\%EIG%MAI;HHN%<;AR%;D%`G>>%;D%EIG%?@@E%@\%<;AN%@\%@M?%HI=>@D@HI=L;>% H?@Q>G<D_% $IG% MA=\N=AJ% ;EEG<HE% E@% \=AP% @AG% <G;A=AJ%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%cF6%.%`@M>P%;>D@%L>;=<%EI;E%EI=D%L@<<;AP%>=CGD%@A%=A%I=D%>;EG?%HI=>@D@HIN_%O;?E%@\%EIG%P=DL@AEGAE<GAE%!=EEJGADEG=A%GgH?GDDGD% ;J;=ADE% D@<G%@\% EIG% =PG;D% @\% EIG%"(,@$,$05% =A%V%48#5#H%4@,8!A-3&5$4+,$4#-56!L;A%QG%DGGA%;D%?G\>GLE=AJ%EIG%DGADG%=A%`I=LI%EIG%\@?<G?R%=A%=ED%G<HI;D=D%@A%;%DE?=LE%>@J=L%@\%;%\@?<;>%>;AJM;JGR%`;D%DE=>>%;A%VMAI;HHN%`@?SX_%%

2 & ( $ + $ 3 !

! !

B G D !

EI;E% =D% =APGHGAPGAE% @\% @M?DG>CGD% =AC@>CGD% ;% ?G\MD;>% @\% EIG%=APGEG?<=A;LN%;AP%C;?=GEN%@\%>=\G_%%

.A% EI=D% ?GDHGLE% !=EEJGADEG=AiD% HI=>@D@HIN% =D% ;>D@% GgH?GDD=CG% @\% ;%>@CG%@\%>=\G_%.E%E;SGD%>@CGR%;D%=E%`G?GR%E@%;HH?GL=;EG%EIG%P=CG?D=EN%@\%@M?%>=\G_%*A>N%EIGAR%@AG%L@M>P%D;NR%P@%`G%DGG%EIG%`@?>P%;AP%>;AJM;JGp\@?%=A% EI=D% L;DG% EIGN% L;AA@E% QG% DGH;?;EGPp;D% =E% =Dn% QMDE>=AJR% L@<H>GgR%D@<GE=<GD% L@AE?;P=LE=AJ% ;AP% H;?;P@g=L;>R% D@<GE=<GD% =<<GP=;EG>N%L>G;?_% .E% =D% =A% EI=D% ?GL@JA=E=@A% .% ;>D@% \=AP% EIG% PGHEI% @\% T?=GPiD%=AE?@PMLE@?N% H@G<_% $IG?G% ;?G% <;AN% `;ND% =A% `I=LI% `G% <;N% E?N% E@%<;SG%@M?%`@?>P%L@A\@?<%E@%@M?%MAPG?DE;AP=AJ%@\%=En%X'@CG%D;NDR%=E%=D%`I;E%=E%=D_X%%

$I=D% =D% A@E% E@% PGAN% EIG% DE?MJJ>G% @\% D@<GE=<GD% I@>P=AJ% @A% E@% EIG%<G;A=AJ%`G%DGG%=A%>=\G_%.\%EIG?G%=D%@AG%P?;`Q;LS%`=EI%EIG%H=LEM?G%@\%EIG%I;HHN% <;A% ;AP% EIG% MAI;HHN% <;AR% =E% =D% EI;E% =E% G;D=>N% J=CGD% MD% EIG%\GG>=AJ% EI;E% EIGDG% ;?G% E`@% P=\\G?GAE% ENHGD% @\% <GA_% .E% P@GD% A@E% \M>>N%DI@`%EIG%`;ND%=A%`I=LI%`G%;?G%;>>%<@?G%@?%>GDD%I;HHN%;AP%MAI;HHNR%;AP% I@`% EIGDG% P=\\G?GAE% HG?DHGLE=CGD% <;N% L@<HGEG% =A% @M?% >=\G_% #E%E=<GD%`G%DGG%EIG%H>;LG%\@?%MD=AJ%LG?E;=A%`@?PDR%`G%DGG%`I;E%=E%`@M>P%<G;A%E@%<;SG%DGADG%@\%@M?%>=\G%=A%EI=D%`;N_%#E%@EIG?%E=<GD%EIG%<G;A=AJ%=D%>@DE%@A%MD_%%

! !

!

!

&9+6#37&8!2&($+$3!

%.&!&$-!

%M%)!.4.!%&!7(4$&!$#!%&(6!hA!@,-g$!843&!74$%!)#0Xh!!

U-.!7%)!.4.!5%&!7(4$&!$#!%4'6!hA!@,-g$!843&!74$%#0$!)#0hX!

N#(!%&!7&-$!7&5$6!5%&!7&-$!&,5$6!U-.!$%&)!?#$%!843&.<!

G,(8!P,-.?0(+!!

M&!7&(&!'&,-$!$#!?&6!50HH#5&.!$#!?&6!?0$!7&!8#5$!4$!!U3(48!Q,34+-&!_DEEob!

%.%`=>>%GAP%EIGDG%L@AD=PG?;E=@AD%;Q@ME%EIG%P=\\G?GAE%H>;LGD%BMGDE=@AD%@\%<G;A=AJ%<;N%I;CG%=A%>@CG%QN%H@D=AJ%NGE%;A@EIG?%BMGDE=@A0%.\%=E%=D%E?MG%EI;E% >@CG%L@ADE=EMEGD%;A%;QD@>MEGR%GEG?A;>%HG?DHGLE=CGR% =D% =E% =AEG>>=J=Q>G%E@%DMJJGDE%EI;E%>@CG%L@M>P%GCG?%GAPZ%*?R%\?@<%;%D>=JIE>N%P=\\G?GAE%H@=AE%@\% C=G`0%`I;E% =E% =D% EI;E% L;A% QG% D;=P% E@% GAP% =A% >@CGZ% $IGDG% BMGDE=@AD%I;CG%E=<G%;AP%;J;=A%E?@MQ>GP%<G%EI?@MJI@ME%<N%`@?S=AJ%`=EI%EIGDG%=DDMGD_%.%;>D@%I;CG%\M>>%MAPG?DE;AP=AJ%\@?%;AN@AG%`I@%EI=ASD%EI;E%<N%L@AD=PG?;E=@AD% `@M>P% H?@CG% E@% QG% `?@AJ% =\% EIG% @A>N% ;AD`G?% E@% EI=D%BMGDE=@A%@AG%L@M>P%P?;`%@ME%@\%EIG<%`;D%EI;E%=E%AGCG?%<;SGD%DGADG%E@%D;N%EI;E%>@CG%L@<GD%E@%;A%GAP_%%

:@AD=PG?=AJ%EI;E%<N%;=<R%;D%.%I;CG%?GHG;EGP>N%G<HI;D=eGP%=ER%=D%A@E%E@% >GJ=D>;EG% ;Q@ME% >;AJM;JG%@?% E@% D;N%`I;E% =E%P@GD%@?%P@GD%A@E%<;SG%DGADG%E@%D;NR%=E%`@M>P%QG%@PP%;E%EI=D%H@=AE%E@%PGAN%EI;E%`G%<;N%DHG;S%@\% >@CG%L@<=AJ% E@%;A%GAP_%:>G;?>N%`G%P@%@\EGA% E;>S%;Q@ME%HG@H>G%A@E%>@C=AJ% G;LI% @EIG?% ;AN<@?GR% @?% HG@H>G% V\;>>=AJ% @MEX% @\% >@CG_%,GCG?EIG>GDDR% EI=D% >G;CGD% EIG%BMGDE=@A%`IGEIG?% D;N=AJ% EI;E% >@CG%<;N%GAP% =AC@>CGD%;%<=DMAPG?DE;AP=AJ%@?%;% L@??MHE=@A%@\% >@CG_% .% L;A%@A>N%D;N% EI;E% .% P@%A@E% DGG% ;ANEI=AJ% =A% EIG% J?;<<;?%@\% >@CG% EI;E%`@M>P%,!H(4#(4%<;SG%D;N=AJ%EI;E%>@CG%GAPD%;%H?@Q>G<;E=L%L>;=<_%%%

.A%EIG%\@>>@`=AJ%.%`=>>%DI@`%I@`%.%`@M>P%E;LS>G%EIG%BMGDE=@A%;Q@ME%`I;E%C4-.%@\%BMGDE=@A%;DS=AJ%`IGEIG?%>@CG%L;A%L@<G%E@%;A%GAP%=DR%QN%

2 & ( $ + $ 3 !

! !

B G B !

P?;`=AJ% @A% D@<G% @\% EIG% EI?G;PD% @\%<N% H?GC=@MD% P=DLMDD=@AD% =A% EI=D%H;?E_%.%`=>>%E?N%E@%DI@`%EI;E%@M?%L@ALG?A%`=EI%EIG%BMGDE=@A%=D%A@E%@A>N%@AG%EI;E%<;N%;?=DG%=A%;%DHGL=\=L;>>N%HI=>@D@HI=L;>%L@AEGgE_%.E%=D%=A%<;AN%`;ND% ?G>;EGP% E@% @M?% HG?D@A;>% GgHG?=GALG% @\% >@CGR% ;AP% .% `=>>% P=DLMDD%`I;E%S=AP%@\%GgHG?=GALGD%L;A%QG%D;=P%E@%J=CG%?=DG%E@%=E%;AP%@\%`I;E%S=AP%@\%P=\\=LM>E=GD%=E%<;N%QG%GgH?GDD=CG_%%

#>EI@MJI% .%I;CG% L?=E=L=eGP%,MDDQ;M<iD% ;LL@MAE%@\% EIG% \?;J=>=EN%@\%J@@PAGDD% \@?% AGJ>GLE=AJ% D=JA=\=L;AE% ;DHGLED% @\% J@@PAGDD% ;AP%<@?;>=ENRcFc% EIG% V\;LEX% DE=>>% ?G<;=AD% EI;E% @M?% >=CGD% L;A% QG% DGGA% ;D%CM>AG?;Q>G% E@% \@?EMAG% =A%<;AN%`;ND_%Y=\\G?GAE% L=?LM<DE;ALGD% H>;N% ;%?@>G% =A%`I;E%`G% L@<G% E@%MAPG?DE;AP%Q@EI% ;D% >@CG% ;AP% ;D% \;=>M?GD% E@%>@CG% =A% P=\\G?GAE% ?G>;E=@ADI=HD_% $IG% \@>>@`=AJ% L@AD=PG?;E=@AD% `=>>%<;=A>N%?G>;EG%E@%EI=D%EIG<G_%#D%:;?>%/;APQM?J%Q?=>>=;AE>N%Q?=AJD%@ME%=A%EIG% =AE?@PMLE@?N% H@G<R% EIG?G% ;HHG;?D% E@% QG% ;% L@A\>=LE% QGE`GGA% EIG%H?@<=DGD%`G%<;SG% =A% >@CG% ;AP% EIG% \;LE% EI;E% @AG% P;N% `G% A@% >@AJG?%`;AE%E@%QG%SGHE%E@%EIGDG%H?@<=DGD_%&gL>;<;E=@AD%DMLI%;D%V.%L;AA@E%>=CG%`=EI@ME%N@MX%@?%V.%`=>>%;>`;ND%>@CG%N@MX%D@MAP%>GDD%L@AC=AL=AJ%;\EG?%@AG%I;D%QGGA%>G\E%QN%D@<GQ@PN%@?%I;D%>G\E%EIG<_%%%

$IMDR% GCGA% =\% EIG% H?@<=DGD% `G% <;SG% P@% A@E% DG?CG% ;D% \;LEM;>%DE;EG<GAEDR% LG?E;=A% \;LED% <;N% DE=>>% I;CG% EIG% H@`G?% @\% P?;`=AJ% EIG%<G;A=AJ%@\%EIGDG%H?@<=DGD%=AE@%BMGDE=@A_%$IG%\;LE%EI;E%.%P@%A@E%SGGH%;%H?@<=DG%<;N%<;SG%N@M%`@APG?%`IGEIG?%.%E?M>N%<;PG%N@M%;%H?@<=DG_%Y=P% .%<;SG%;%'45$,C&%;D% E@%`I;E% =E%`;D% EI;E% .%`;D% \GG>=AJZ%*?R%`;D% =E%?;EIG?% EI;E% .% 84&.% E@% N@M%`IGA% .% E@>P% N@M% EI;E% .% >@CGP% N@MZ%Y=P%<N%PGL>;?;E=@AD%@\%>@CG%=A%;AN%`;N%L@ADE=EMEG%;%QGE?;N;>Z%WMDE%EI=AS%@\%EIG%\GG>=AJ% @\% JM=>E% ;% IMDQ;AP%<;N% GgHG?=GALG% ;E% ?G^@=L=AJ% ;E% D@<GEI=AJ%;\EG?%`I;E%;HHG;?D%E@%QG%E@@%DI@?E%;%E=<G%;\EG?%EIG%PG;EI%@\%I=D%`=\GR%@?%EIG%JM=>E%IG%<;N%QG%H>;JMGP%QN%\@?%\;>>=AJ%=A%>@CG%`=EI%D@<G@AG%G>DG_%*?%EI=AS%@\%EIG%`;ND%=A%`I=LI%\;>>=AJ%=A%>@CG%`=EI%D@<G@AG%@EIG?%EI;A%@AGiD% DH@MDG%<;N%<;SG%@AG%BMGDE=@A%`IGEIG?%@AG% E?M>N% >@CGP%@AGiD%DH@MDG%;D%PGGH>N%;D%@AG% EI@MJIE_% .A%`I;E%`;N%<;N% EIGDG%HG@H>GR% =A%EIG%>=JIE%@\%EIGDG%\;LEDR%DE=>>%<;=AE;=A%EI;E%=E%`;D%>@CG%EI;E%EIGN%\G>EZ%%

/MLI%\GG>=AJD%<;N%QG%GgH?GDD=CG%@\%=PG;D%EI;E%`G%<;N%G;D=>N%EI=AS%@\% ;D% L@A\MDGP_%T@?%@AG% EI=AJR% EIGN% DGG<% E@%GgH?GDD% ;%QG>=G\% EI;E% EIG%;<@MAE%@\%>@CG%EI;E%`G%I;CG%E@%J=CG%=D%>=<=EGPR%EI;E%.%L;A%@A>N%>@CG%@AG%HG?D@A% =A% ;% PGGH% GA@MJI%`;N% @?% EI;E%<N% >@CG% \@?% @AG% HG?D@A%<;N%>GDDGA%<N%>@CG%\@?%;A@EIG?_%!G%<;N%\GG>%EI;E%DMLI%L@ALG?AD%;?G%G;DN%E@%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%cFc%/GG%LI;HEG?%1_%

& 9 + 6#37 & 8 ! % . & ! &$- !

!

B G I !

`;CG% @\\_% .A% EIG% >@CG% \@?% LI=>P?GA% ;AP% \?=GAPDR% \@?% =ADE;ALGR% >@C=AJ%DGCG?;>%HG@H>G%P@GD%A@E%QN%AGLGDD=EN%L@??MHE%@AGiD%>@CG_%%

!I;E% .%`;AE% E@% E;SG% I@>P% @\% =A% DMLI% Gg;<H>GDR% I@`GCG?R% ;?G% EIG%`;ND% =A%`I=LI% \MEM?G% GCGAED% ;?G% ;Q>G% E@% LI;AJG%<N% C=G`% @\% G;?>=G?%@AGD_%.A%LI;HEG?%3R%.%?G<;?SGP%EI;E%EIG%L>;=<%EI;E%>@CG%=D%=>>MD@?N%@\EGA%DGG<D% E@%J?@`%@ME%@\% EIG% ?G;>=e;E=@A% EI;E% EIG% D=JA=\=L;ALG% D@<GEI=AJ%I;P%\@?%<G%;E%;%LG?E;=A%H@=AE%@\%>=\G%I;P%LI;AJGP_%$IG%GgHG?=GALG%<;N%?;=DG%BMGDE=@AD%;D%E@%`IGEIG?%.%`;D%`?@AJ%E@%;EE;LI%EIG%D=JA=\=L;ALG%E@%D@<GEI=AJ%EI;E%.%P=PR%`IGEIG?%.%?G;>>N%P=P%;EE;LI%EIG%D=JA=\=L;ALG%E@%=E%EI;E%.%EI@MJIE%.%P=PR%@?%EI;E%.%EI=AS%.%DI@M>P%I;CG%;EE;LIGP%E@%=E_%

.A% ?G\>GLE=AJ% @A% EIG% P=\\G?GAE% S=APD% @\% <G;A=AJD% =E% <;N% I;CG% E@%MAPG?DE;AP%`I;E%I;D%I;HHGAGP%=A%@AG%`;N%@?%;A@EIG?R%=E%<;N%IG>H%E@%?G<G<QG?% EIG% P=DE=ALE=@AD% .% <;PG% QGE`GGA% <;S=AJ% ;% H?@<=DG% ;AP%<;S=AJ%;%H?GP=LE=@A%=A%LI;HEG?%1_%K;AN%E=<GD%EI=AS=AJ%EI;E%EIG%\;LED%@\%EIG%<;EEG?%?GD@>CG%EIG%BMGDE=@A%`IGEIG?%;%H?@<=DG%`;D%E?MG%L@A\>;EGD%H?@<=DGD%`=EI%H?GP=LE=@AD_%!IGA%H?GP=LE=AJ%D@<GEI=AJR%=\%`I;E%.%D;N%`=>>%I;HHGA%P@GD%A@ER% =E%<G;AD% EI;E% .%<;PG% EIG%`?@AJ%H?GP=LE=@A_% .A%EI=D%L;DGR%\MEM?G%GCGAED%PGEG?<=AG%I@`%`G%;?G%E@%E;SG%EIG%H?GP=LE=@A_%$IG% E?MEI% @?% \;>D=EN% @\% <N% H?GP=LE=@A% PGHGAPD% @A% I@`% `G>>% =E%L@??GDH@APD%E@%LG?E;=A%DE;EGD%@\%;\\;=?D_%

.A% EI=D% ?GDHGLER% `G% L@M>P% D;N% EI;E% EIG% J?;<<;?% @\% <;S=AJ%H?GP=LE=@AD%L@AAGLED%`=EI%EIG%J?;<<;?%@\%@EIG?%L@ALGHED%EI;E%?G>;EG%E@%@M?%DGADGDR%DMLI%;D%VSA@`=AJXR%VDGG=AJX%@?%VIG;?=AJX_%!I;E%<;SGD%=E%<G;A=AJ\M>%E@%;EE?=QMEG%EIGDG%L@ALGHED%E@%@EIG?%HG@H>GR%`G%L@M>P%D;NR%=D%=AEG?A;>>N%?G>;EGP%E@%EIG%`;ND%EI=AJD%;?GR%@?%EIG%`;ND%`G%E;SG%EIG<%E@%QG_%.\%.%;DDM?G%N@M%EI;ER%D;NR%V/IG%SA@`D%EI;E%EIG%SGND%;?G%=A%EIG%E@H%P?;`G?_%/IGi>>%\=AP%EIG<%;>?=JIERX%.%;<%;E%EIG%D;<G%E=<G%;DDG?E=AJ%EI;E%EIG%SGND%;?G%EIG?G_%.\%EIGN%`G?G%A@ER%`G%`@M>P%A@E%D;N%EI;E%G=EIG?%.%@?%DIG% SAG`% `IG?G% EIGN% `G?G_% !G% @A>N% ?&84&3&.% EI;E% EIGN% `G?G% =A% ;%LG?E;=A%H>;LG_%/=<=>;?>N%`=EI%DGG=AJ%;AP%IG;?=AJ0%=\%.%D;NR%V.%DGG%;%L;E%MH%EIG?G% =A% EIG% E?GGXR% @?R% V.% IG;?P% ;% >@MP%Q;AJXR% .% ;<%;E% EIG% D;<G% E=<G%D;N=AJR% V$IG?G% =D% ;% L;E% EIG?GXR% @?R% V$IG?G%`;D% ;% >@MP%Q;AJ_X% .\% EIG?G%`;D%A@%L;E%@?%Q;AJR%<N%DGG=AJ%@?%IG;?=AJ%`@M>P%@A>N%QG% D@<GEI=AJ%EI;E% .% =<;J=AGP_% *M?% `;ND% @\% ;DDGDD=AJ% `IGEIG?% DIG% ?G;>>N% SA@`DR%`IGEIG?% .% D;`% @?% IG;?P% D@<GEI=AJR% ;AP% D@% @AR% =D% =A% EIGDG% `;ND%=AEG?A;>>N% ?G>;EGP%`=EI%QGL@<=AJ% L>G;?% ;Q@ME% LG?E;=A% DE;EGD%@\%;\\;=?D_%!I;E%<;SGD%;%DE;EG<GAE%GgH?GDD=CG%@\%SA@`>GPJG%?;EIG?%EI;A%QG>=G\%=D%A@E% D@<G% =AAG?% ;LE% QME% EIG% ?G>;E=@A% @\% EIGDG% E`@% DE;EG<GAED% E@% I@`%EI=AJD%;?G_%%

"@`GCG?R%`IGA%`G% EM?A% E@%@M?%H?@<=DGD%@\% >@CGR% EIG%?G\G?GALG% E@%LG?E;=A% DE;EGD% @\% ;\\;=?D% P@GD% A@E% ?GD@>CG% @M?% P=\\=LM>E=GD% =A% PGL=P=AJ%

2 & ( $ + $ 3 !

! !

B G C !

`IGEIG?% D@<GEI=AJ% `;D% >@CG% @?% A@ER% @?% `IGEIG?% =E% P=P% =APGGP% GAP_%$I=D%=DR%\@?%@AG%EI=AJR%;A%;DHGLE%@\%EIG%\;LE%EI;E%PGL>;?=AJ%@AGrD%>@CG%\@?%D@<G@AG%=D%A@E%@A>N%;%<;EEG?%@\%?GH@?E=AJ%;%LM??GAE%DE;EG%@\%;\\;=?DR%D@%EI;E% =\% `G% L;AA@E% DI@`R% D;NR% EI;E% ;% LG?E;=A% P=DH@D=E=@A% =D% =A% H>;LG% =E%<G;AD%EI;E%=E%=D%A@E%>@CG_%!IGA%`G%DHG;S%@\%VE?MGX%>@CGR%@?%@ME%@\%>@CGR%=E%=D%A@E%<;=A>N%;%<;EEG?%@\%`IGEIG?%LG?E;=A%DGAEGALGD%;?G%E?MG%@?%\;>DG_%.E% =D% ;% BMGDE=@A% @\% $(0$%*08-&55R% =A%`I=LI% =E% =D% EIG% 5H4(4$! =A%`I=LI%`G%DHG;S%`I=LI%<;EEG?D%;AP%A@E%`I;E%EIG%`@?PD%`G%MEEG?%?G\G?%E@_%%

$IG%S=AP%@\%;AD`G?%`G%J=CG%E@%EIG%BMGDE=@A%`IGEIG?%EIG?G%=D%;A%GAP%E@%>@CGR%EIGAR%PGHGAPD%@A%`I;E%`G%MAPG?DE;AP%;D%>@CG_%.E%DGG<D%EI;E%=E%=D%H?GL=DG>N%`=EI%L@ALG?A%E@%>@CG%MAPG?DE@@P%;D%;%<@?;>%PG<;AP%;AP%EIG% ;QD@>MEG% LI;?;LEG?% >@CG% I;D% =A% C=?EMG% @\% EI;ER% EI;E% EIG% BMGDE=@A%;Q@ME%`I;E% =E% =D% \@?% >@CG%E@%GAP%;?=DGD_%+APG?DE;AP=AJ%`I;E% =E%`@M>P%QG%\@?%>@CG%;D%;A%G<@E=@AR%@?%;D%;%?G>;E=@ADI=HR%E@%GAP%=D%A@E%;%H?@Q>G<%=A%EIG%D;<G%`;N_%!G%SA@`%`I;E%=E%=D%\@?%;A%G<@E=@A%E@%QGJ=A%;AP%GAP_%#%\>;?G%@\%;AJG?%DMQD=PGD%;D%BM=LS>N%;D% =E% =JA=EGD_%KN%E?G<Q>=AJ%;\EG?%QG=AJ%DL;?GP%QN%;% ?;L=AJ% L;?% D>@`>N% \;PGD% ;`;N_%KN% ^@N%;E%JGEE=AJ%;%DLI@>;?DI=H%EM?AD%=AE@%P=D;HH@=AE<GAE%`IGA%.%>G;?A%EI;E%;%\?=GAP%`;D%>G\E%`=EI@ME%\=A;AL=AJ_%%

$IG% D;<G%<;N% QG% D;=P% @\% G<@E=@AD% EI;E%`G% ?;EIG?% MAPG?DE;AP% ;D%>@AJ4EG?<%P=DH@D=E=@AD_% .% ?G;>=eG% EI;E% .% A@% >@AJG?% QGL@<G% ;D%MHDGE% ;E%D@<G@AGiD%?GLM??=AJ%=APGL=D=CGAGDD%;D%.%MDGP%E@%QGL@<G_%j@M%DE;EG%EI;E%EIG% >@DD% @\% ;% >@CG?% I;D% =AE?@PMLGP% ;% <G>;ALI@>=L% E?;=E% =A% N@M?%?G>;E=@ADI=HD%`=EI%@EIG?%HG@H>G_%TM?EIG?<@?GR%`G%;?G%;>>%\;<=>=;?%`=EI%EIG% `;g=AJ% ;AP% `;A=AJ% @\% ?G>;E=@ADI=HDR% EIG% `;ND% =A% `I=LI% `GR%HG?I;HDR% DHGAP% HG?=@PD% @\% E=<G% =A% L>@DG% ?G>;E=@ADI=HD% `=EI% D@<G%HG@H>GR%HG?I;HD%@A>N%E@%GgLI;AJG%:I?=DE<;D%L;?PD%;%\G`%NG;?D%>;EG?_%%

$IGDG%;DHGLED%@\% >@CG% E;SG%;% DHGL=\=L% \@?<%;APR% EIMDR%`G%<;N%;>D@%DHG;S%@\%EIG<%;D%QGJ=AA=AJ%;AP%GAP=AJ_%$IG%H?@<=DG%E@%>@CG%;AP%EIG%PG<;APD%`G% DGG% =A% >@CGR% I@`GCG?R% ;?G%A@E%P=?GLEGP% ;E% ;ANEI=AJ% EI;E%`G%L@M>P%DHGL=\NR%;>EI@MJI%EIGN%;?=DG%;AP%I;CG%<G;A=AJ%=A%H;?E=LM>;?%D=EM;E=@AD_%.A%EI;E%DGADGR%EIGN%H?GDGAE%MD%`=EI%;A%GAP>GDD%E;DS_%%

.% D;=P% EI;E% `IGA% `G% DHG;S% @\% H?GP=LE=@AD% `I;E% I;HHGAD% =A% EIG%\MEM?G%PGEG?<=AGD%`IGEIG?%EIG%H?GP=LE=@AD%`G?G%E?MG%@?%\;>DG_%$IG%\;LE%EI;E%EI=AJD%P@%A@E%J@%;D%.%H(#'45&R%I@`GCG?R%P@GD%-#$%AGLGDD;?=>N%DI@`%EI;E%<N%H?@<=DG%`;D%A@E%E?MGn%=A%@EIG?%`@?PD%EI;E!A%`;D%A@E%QG=AJ%E?MG%@?%D=ALG?G%=A%<;S=AJ%<N%H?@<=DG_%KN%D=ALG?=EN%=A%<;S=AJ%;%H?GP=LE=@A%P@GD%A@E%PGEG?<=AG%`IGEIG?%=E%`;D%E?MG%@?%\;>DGR%QME%=A%H?@<=D=AJ%=E%=D%L@ADE=EME=CG%@\%`I;E%`G%MAPG?DE;AP%;D%;%H?@<=DG_%:G?E;=A>NR%=E%<;N%QG%EI;E%D@<G@AG%P=P%A@E%GCGA%I;CG%EIG%=AEGAE=@A%@\%SGGH=AJ%;%H?@<=DGn%IG%`;D%A@E%E?MEI\M>%=A%J=C=AJ%=E_%.E%=DR%I@`GCG?R%D=<H>N%`?@AJ%E@%D;N%EI;E%

& 9 + 6#37 & 8 ! % . & ! &$- !

!

B G = !

`IGA%D@<G@AG%P@GD%A@E%SGGH%;%H?@<=DG%=E%?GCG;>D%EI;E%EIG=?%=AEGAE=@A%E@% SGGH% =E%`;D% A@E% D=ALG?G_% OG@H>G%<;N% QG% H?GCGAEGP% \?@<% \M>\=>>=AJ%EIG=?% H?@<=DGD% \@?% ;%AM<QG?% @\% ?G;D@AD_% $IG?G% ;?G% @EIG?% @Q>=J;E=@ADR%;LL=PGAEDR% ;AP% EIG% >=SGR% `I=LI% <;N% DEGG?% @AG% ;`;N% \?@<% `I;E% @AG%H?@<=DGP%E@%P@_%

/=<=>;?>N%`=EI%>@CGR%`G%AGGP%A@E%L@AL>MPG%EI;E%D@<G@AGiD%LG;D=AJ%E@% >@CG% H?@CGD% EI;E% EIGN% `G?G% =AD=ALG?G% =A%<;S=AJ% EIG=?% H?@<=DG% E@%>@CG_% .E%<;N%\GG>%@PP% E@% DHG;S%;Q@ME% D@<G@AG%QG=AJ%H?GCGAEGP%\?@<%>@C=AJR% =A% EIG%`;N% @AG%<;N% QG% H?GCGAEGP% \?@<%SGGH=AJ% D@<G% @EIG?%H?@<=DG%E@%P@%D@<GEI=AJR%L@AD=PG?=AJ%EI;E%H?@<=D=AJ%E@%>@CG%=D%A@E%;%<;EEG?% @\% H?@<=D=AJ% E@% P@% LG?E;=A% EI=AJDR% ;D% .% L@<<GAEGP% @A% =A%LI;HEG?%1_%"@`GCG?R%`G%;?G%H?@Q;Q>N%;>>%\;<=>=;?%`=EI%?G>;E=@ADI=HD%=A%`I=LI%P=DE;ALGR%P=\\G?=AJ%HG?D@A;>=E=GD%;AP%D@%@AR%L?G;EGP%@QDE;L>GD%=A%EIG%>@CG?Di%`;N_%.%L@M>P%A@E%>=CG%=A%EIG%L@MAE?N%N@M%`;AEGP_%j@M%L@M>P%A@E%QG;?%EIG%S=AP%@\%>=\GDEN>G%.%LI@DG_%.%`;AEGP%LI=>P?GAR%N@M%P=P%A@E_%$IGDG%;?G%L;DGD%=A%`I=LI%`G%<;N%\GG>%EI;E%EIG%VL@M>PX%=A%V.%L@M>P%A@E%>@CG% N@MXR% @?% V.% L@M>P% A@E% >=CG% `=EI% N@MR% ;>EI@MJI% .% >@CGP% N@MX% =D%<;=A>N%?G>;EGP%E@%<N%HG?D@A;>%;Q=>=E=GD%E@%QG%=A%;%LG?E;=A%?G>;E=@ADI=H_%.E%=D%;D%=\%<N%HDNLI@>@JNR%@?%<N%HG?D@A;>=ENR%H?GCGAEGP%<G%\?@<%QG=AJ%`=EI%N@M_%%

jGER% `I;E% P@GD% EI=D% <G;A% \@?% EIG% ;QD@>MEG% DGADG% =A% `I=LI% .%?GL@JA=eG%EIG%PG<;APD%@\%>@CGZ%lGL;>>=AJ%EIG%`;ND%=A%`I=LI%`G%<;N%E;>S% ;Q@ME% >@CG% QG=AJ% HME% E@% EIG% EGDER% @?% EI=AS% EI;E% ;% >@CG% `I=LI%GAPM?GD%EIGDG%EGDED%=D%;%HM?G?%\@?<%@\%>@CGR%<;N%`G%A@E%;DS%I@`%=E%=D%H@DD=Q>G% \@?% ;% >@CG% E@% GAPR% @?% \;=>% E@% `@?SZ% :@M>P% `G% A@E% D;N% EI;E%V`IGAGCG?% EIG?G% =D% >@CGR% =E%`=>>% \=AP% ;%`;NX% @?% EI;E% V>@CG% L@ABMG?D%GCG?NEI=AJXZ% .A% @EIG?% `@?PDR% P@GD% =E% ?GCG;>% EI;E% =E% `;D% A@E% >@CG% E@%QGJ=A%`=EI%=\%;%?G>;E=@ADI=H%GAPDZ%%

*AG% @\% EIG% <;=A% H?@Q>G<D% `=EI% EI=AS=AJ% EI;E% VEIG% GAPX% @\% ;%?G>;E=@ADI=H% ?GCG;>D% EI;E% =E%`;D%A@E% Q;DGP% @A% >@CG% =D% EI;E% =E% DMJJGDED%EI;E%EIG?G%L@M>P%QG%H?@@\%EI;E%D@<GEI=AJ%`;D%>@CG%@?%A@E_%.E%=D%;D%=\%EIG%\;LE%EI;E%;%?G>;E=@ADI=H%P=P%A@E%`@?S%@ME%H?@C=PGP%L@AL>MD=CG%GC=PGALG%EI;E%EIG%HG@H>G%=AC@>CGP%P=P%A@E%>@CG%G;LI%@EIG?_%$;S=AJ%EIG%BMGDE=@A%`IGEIG?% D@<GEI=AJ% =D% >@CG% =A% EI=D% `;N% =D% E?G;E=AJ% =E% ;D% ;A% &'H4(4@,8%BMGDE=@A_%!I;E% .%I;CG%?GHG;EGP>N% E?=GP% E@%DI@`R%I@`GCG?R% =D% EI;E% EIG%S=AP% @\% LG?E;=AEN%`G% I;CG% =A% >@CG% =D% A@E% Q;DGP% @A% GC=PGALG_% .A% EI;E%`;NR%.%I;CG%?G^GLEGP%EIG%<G;A=AJ\M>AGDD%@\%E?G;E=AJ%EIG%BMGDE=@A%=A%EIG%`;N% `G% E?G;E% G<H=?=L;>% @AGD_% .ADEG;PR% .% I;CG% `;AEGP% E@% DI@`% EI;E%PGEG?<=A=AJ% `IGEIG?% D@<GEI=AJ% =D% >@CG% =D% ;% <;EEG?% @\% `I;E% `G%<G;A=AJ\M>>N%<;N%MAPG?DE;AP%;D% >@CG%Q@EI% =A%@M?%@`A%?G>;E=@ADI=HD%;AP%=A%EI@DG%@\%@EIG?%HG@H>G_%

2 & ( $ + $ 3 !

! !

B G H !

.APGGPR%EIG%BMGDE=@A%`IGEIG?%;%?G>;E=@ADI=H%`@?SD%=D%A@E%=??G>GC;AE%E@% >@CG_% $IG% DGADG% =A% DHG;S=AJ% ;Q@ME% ;% ?G>;E=@ADI=H%`@?S=AJ% @?% A@ER%I@`GCG?R%=D%A@E%=APGHGAPGAE%@A%`I;E%`G%<;N%MAPG?DE;AP%;D%>@CG_%.E%=D%@A>N% =A% EIG% >=JIE% @\% >@CGR%`G% DGG%`I;E% =E%<G;AD% \@?% ;% ?G>;E=@ADI=H% E@%`@?S%@?%A@E_%$IG?G%;?G%A@%\@@>4H?@@\%`;ND%@\%PGEG?<=A=AJ%EIG%\;LED%@\%EIG%<;EEG?_%$IG?G%;?GR%@\%L@M?DGR% EIG% \;LED%@\%DGH;?;E=@AR% EIG%Q?G;S=AJ%MHR%EIG%<@C=AJ%@ME%@\%\M?A=EM?GR%EIG%P=C=D=@A%@\%H?@HG?ENR%EIG%D=JA=AJ%@\%P=C@?LG%H;HG?D_%$IG%DGG<=AJ>N%@QC=@MD%<G;A=AJ%@\%DMLI%\;LED%<;N%EG<HE%MD% E@% ;DD=JA% E@% EIG<%;% L@AL>MD=CG% ?@>G% =A%PGEG?<=A=AJ%`I;E% =D%;AP%=D%A@E%>@CG_%V.\%EIGN%P@%;>>%EI;E%EIGA%;E%>G;DE%EIGN%L;AA@E%>@CG%G;LI%@EIG?_X% ,GCG?EIG>GDDR% =\% `G% E;SG% EIGDG% ;D% EIG% GC=PGALG% \@?% ;%?G>;E=@ADI=H%A@E%`@?S=AJ%@MER%`G% DI@M>P% ?G<G<QG?% EI;E%HG@H>G% DE;N%E@JGEIG?% \@?%;%AM<QG?%@\%P=\\G?GAE%?G;D@AD_%$IGN%VDE=LS% E@JGEIG?X% \@?%EIG% D;SG% @\% EIG=?% GL@A@<NR% \@?% L@ACGA=GALGR% \@?% \G;?% @\% Q?G;S=AJ% ;%I;Q=ER%\@?%EIG%LI=>P?GA_%$IG=?%<;??=;JGD%<;N%QG%>=\G>GDD%@?%Q=EEG?_%&CGA%EIG%\;LE%EI;E%EIG=?%PG;>=AJD%`=EI%G;LI%@EIG?%?MA%D<@@EI>N%;AP%EIG?G%;?G%A@%@HGA%L@A\>=LED%<;N%@A>N%J@%E@%DI@`%EIG=?%=AP=\\G?GALG%E@%G;LI%@EIG?_%$IG=?%<;??=;JG%<;N%QG%;%<;EEG?%@\%?@ME=AGR%;%`G>>4?MAA=AJ%<;LI=AG?N_%#?G%`G%H?GH;?GP% E@% D;N% EI;E% DMLI% ?G>;E=@ADI=HD%PGDG?CG% EIG%A;<G%@\%>@CG%D=<H>N%QGL;MDG%EIGN%P@%A@E%>G;CG%G;LI%@EIG?Z%

*A%EIG%@EIG?%I;APR%EIG?G%;?G%EIG%VI;HHN%P=C@?LGDXR%;>EI@MJI%D@<G%<;N%EI=AS%EI;E%EI=D%=D%;%L@AE?;P=LE=@A%=A%EG?<D_%$IG?G%=D%EIG%H;?E=AJ%;D%\?=GAPDR% EIG% PGGH% ;EE;LI<GAE% EI;E%<;N% >=CG% @A% PGDH=EG% EIG% V<;?=E;>X%DGH;?;E=@AR% EIG% \@AP% <G<@?=GD% @\% E=<GD% DHGAE% E@JGEIG?R% EIG% ^@N% ;E%<GGE=AJ%A@E%;D%H;?EAG?D%QME%;D%\?=GAPD_%!@M>P%`G%QG%`=>>=AJ%E@%PGAN%EI;E% EIGDG% ?G>;E=@ADI=HD%`G?G% L;DGD% @\% >@CGR% ;AP% GCGA%`@?S=AJ% DMLIR%PGDH=EG% EIG% DH>=EZ%K@?G@CG?R%`I;E% P@%`G% P@%`=EI% EIG% ;??;N% @\% >@CGD%;AP%?@<;AE=L%=AC@>CG<GAED%`I=LI%P=P%A@E%?G;>>N%V`@?SX%=A%;AN%DGADG%@\% EIG%`@?PR%QME%`G?G%DE=>>% \=>>GP%`=EI%H;DD=@AR%`=EI%;DH=?;E=@ADR%`=EI%EIG% PGD=?G% EI;E% =E% DI@M>P% `@?SR% ;AP% `I=LI% `G?G% AGCG?EIG>GDD% `G?G%Q?@MJIE%P@`A%QN%@QDE;L>GD%EI;E%QGL;<G%=ADM?<@MAE;Q>G%\@?%EIG<n% =A%@AG% L;DGR% EIG% HIND=L;>% P=DE;ALG% QGE`GGA% EIG<n% =A% ;A@EIG?R% EIG=?% H;DE%I=DE@?NR% D;NR% =A% ;A% ;QMD=CG% ?G>;E=@ADI=Hn% =A% ;% EI=?PR% EIG=?% P=\\G?=AJ%;<Q=E=@ADn% =A% ;% \@M?EIR% EIG=?% L@<<=E<GAED% E@% @EIG?% HG@H>G_% #?G% `G%H?GH;?GP%E@%D;N%EI;E%EIGN%P@%-#$%PGDG?CG%EIG%A;<G%@\%>@CGZ%

!I;E%`G%D;N%`=>>R%@\%L@M?DGR%PGHGAP%@A%EIG%H;?E=LM>;?%L;DG%;AP%@A%`I@%`G%;?G%;D%HG@H>G_%!I;E%`@?>PD%L;A%`G%QG%D;=P%E@%=AI;Q=EZ%!I;E%P@% `G% ?GJ;?P% ;D% H@DD=Q>G% ;AP% =<H@DD=Q>GR% ;D% <G;A=AJ\M>% ;AP%<G;A=AJ>GDDZ%.%`;AE%E@%DMJJGDE%EI;E%EIG?G%;?G%L;DGD%=A%`I=LI%=E%<;SGD%DGADG%E@%D;N%EI;E%D@<GEI=AJ%`;D%>@CG%;>EI@MJI%EIG%?G>;E=@ADI=H%P=P%A@E%`@?S%@ME_%$@%D@<GR%EI=D%<;N%D@MAP%>=SG%;%?G;>=DE=L%L>;=<R%E@%@EIG?D% =E%

& 9 + 6#37 & 8 ! % . & ! &$- !

!

B G @ !

<;N%HG?I;HD%DE=>>%QG%E@@%=PG;>=DE=L_%*EIG?D%;J;=A%<;N%DE=>>%EI=AS%=E%=D%E@@%HGDD=<=DE=L_% #E% <N% QGDE% <@<GAEDR% .% I@HG% =E% QG;?D% EIG% IM<Q>G%?GL@JA=E=@A%EI;E%.%;<%A@E%EIG%@AG%E@%QG%EIG%^MPJG%@\%N@M?%>@CG_%%

!I;E%`G%D;N% =A% EIG%<;EEG?R%I@`GCG?R%`=>>%I;CG%;%QG;?=AJ%@A%I@`%`G% ?GDH@AP% E@% EIG% H@DD=Q=>=E=GD% @\% E?;JGPN% =A% IM<;A% >=\G_%#P<=EE=AJ%EI;E%>@CG%<=JIE%GAP%L@<GD%`=EI%?GL@JA=e=AJ%EI;E%EIG?G%;?G%E?;JGP=GD%=A%>=\Gn% EI=AJD%P@%A@E% ;>`;ND% J@% EIG%`;N%`G%H>;A_%lG\MD=AJ% E@% ;LLGHE% ;%?G>;E=@ADI=H%;D%>@CG%`IGA%=E%P@GD%A@E%L@<G%E@%;%I;HHN%GAPR%I@`GCG?R%GgL>MPGD% EIG% H@DD=Q=>=EN% @\% EI=AS=AJ% ;Q@ME% EIG% GAP% @\% @AGiD% @`A% @?%D@<GQ@PN%G>DGiD%>@CG%;D%E?;J=L_%%

.A%@EIG?%`@?PDR%;LLGHE=AJ%EI;E%>@CG%<;N%GAP%=D%;A%;LLGHE;ALG%@\%EIG%\?;J=>=EN%@\%IM<;A%>=\G%@\%`I=LI%,MDDQ;M<%DHG;SD_%$IG%E=<GD%;E%`I=LI%`G%P@%`;AE%E@%DHG;S%@\%>@CG%GAP=AJ%@?%\;=>=AJ%;?G%E=<GD%;E%`I=LI%`G%?G;LI%@M?%Q@?PG?D%;AP%?GL@JA=eG%@M?%\=A=EMPG_%!G%;?G%L@A\?@AEGP%`=EI%@M?%\;=>M?GD%E@%>@CG%=A%EIG%`;N%`G%<;N%EI=AS%=D%PG<;APGP%@\%MDn%I@`%P@%.%QG;?% EIG% \;LE% EI;E% .%L@M>P%A@E%QG%`=EI%N@M%@?% >@CG%N@M% =A%;%`;N%EI;E%`G%Q@EI%`;AEGPZ%.E%=D%;>D@%;%EGDE=<@AN%E@%MAPG?DE;AP=AJ%>@CG%A@E%@A>N% ;D% D@<GEI=AJ% EI;E% <;SGD% MD% DE?@AJ% QME% ;D% D@<GEI=AJ% EI;E%=AC@>CGD%\;=>GP%GgHGLE;E=@AD%;AP%Q?@SGA%IG;?ED_%$IG%@AG%`I@%>G;AD%E@@%<MLI%@A% GgH?GDD=@AD% DMLI% ;DR% V#>>% N@M%AGGP% =D% >@CGX% a)G;E>GD% 7182bR%V'@CG%`=>>%A@E%P=GR%>@CG%`=>>%LI;AJG%EIG%`@?>PX%aY=@AR%6FFFb%@?%V'@CG%>=\ED% MD% MH% `IG?G% `G% QG>@AJX% a:@LSG?% ;AP% !;?AGD% 7136bR% <;N% QG%Q?@MJIE% P@`A% E@% G;?EI% QN% ?G<G<QG?=AJ% ;>D@% EI;E% V>@CG% IM?EDR% >@CG%DL;?DR%>@CG%`@MAPDX%a,;e;?GEI%7125b_%"@`GCG?R%EIG%AGGP%E@%?GL@JA=eG%E?;JGPN% ;D% ;% \G;EM?G% @\% IM<;A% >=\G% ;AP% >@CG% =D% A@E% ;A% ;?JM<GAE% \@?%L@<H>;LGALN_%$IG?G%;?G%E=<GD%`IGA%`G%J=CG%MH%E@@%G;D=>NR%;AP%`IGA%@M?%H?@\GDDGP%=A;Q=>=E=GD%E@%>@CG%;?G%<MLI%<@?G%GgH?GDD=CG%@\%DG>\4H=EN%EI;A%@\%;ANEI=AJ%G>DG_%

$IG% EI@MJIE% EI;E% LG?E;=A% \;LED% L@M>P% ?GD@>CG% EIG%BMGDE=@A%`IGEIG?%D@<GEI=AJ%`;D%>@CG%<;N%Q@EI%EG<HE%;AP%I;MAE%MD_%!I;E%EG<HED%MD%E@%EI=AS%EI;E%EIG?G%L@M>P%QG%PGL=D=CG%GC=PGALG%\@?%>@CG%<;N%H?GL=DG>N%QG%EIG%`=DI%E@%J;=A%;%\=A;>%?GD@>ME=@A%E@%@M?%HG?I;HD%L@A\>=LE=AJ%\GG>=AJD_%,GCG?EIG>GDDR%EIG%EI@MJIE%EI;E%=E%L@M>P%D@<GI@`%EM?A%@ME%EI;E%`I;E%.%L@AD=PG?R%@?%L@AD=PG?GPR%E@%QG%>@CG%`;D%A@E%QN%D@<G%@Q^GLE=CG%DE;AP;?P%<;N%EG??=\N%<G%E@%EIG%D;<G%PGJ?GG_%!I;E%=\%=E%L@M>P%EM?A%@ME%EI;E%.%`;D%`?@AJ%=A%H>;L=AJ%EIG%D=JA=\=L;ALG%@A%D@<GEI=AJ%EI;E%.%P=PZ%%

.%P@%A@E%`;AE% E@% D;N% EI;E%A@% \MEM?G%GCGAED%<;N%LI;AJG% EIG%`;N% .%?GJ;?P%<N%\GG>=AJD%;AP%<N%?G>;E=@ADI=HD%?=JIE%A@`_%$IGDG% EI=AJD%P@%I;HHGA_%j@M% >@@S%Q;LS%@A%;A% =A\;EM;E=@AR% EI=AS=AJ% EI;E%N@M%<=DE@@S%EIG% =AEGAD=EN% @\% N@M?% \GG>=AJDR% @?% EIG% \G?C@M?% @\% N@M?% >@CGP% @AGiD%PGL>;?;E=@ADR% \@?% >@CG_% ,GCG?EIG>GDDR% EIG?G% =D% A@EI=AJ% EI;E% L@M>P%

2 & ( $ + $ 3 !

! !

B ; G !

I;HHGA%@?%A@EI=AJ%;AN@AG%L@M>P%D;N%EI;E%`@M>P%\@?LG%<G%E@%J=CG%MH%EI=AS=AJ%@\% =E% ;D% >@CG_% a*\% L@M?DGR% EI=D%H?GDMHH@DGD% EI;E% .%<;DEG?% EIG%MDG%@\% EIG%L@ALGHE_b% .A% EI=AS=AJ% EI;E%@AG%L@M>P%QGL@<G%L>G;?G?%;Q@ME%EIG% <G;A=AJ% @\% >@CG% QN% L@AD=PG?=AJ% =ED% @MEL@<GR% @AG% <;SGD% EIG%<G;A=AJR%EIG%C;>MG%@?%D=JA=\=L;ALG%@\%@M?%?G>;E=@ADI=HD%E@%@EIG?%HG@H>G%PGHGAPGAE%@A%XEIG%H?@Q;Q>G%DMLLGDD%@\%EIG%GAPG;C@M?X%a';AP;M%6FFmR%m21b_% $I=DR% E@% A;<G% @A>N% @AG% @\% EIG% H?@Q>G<D%`=EI% EI=D% PGDL?=HE=@AR%\;=>D%E@%L;HEM?G%=A%`I;E%`;ND%EIG%<G;A=AJ%@\%>@CG%a@?%@\%`I;E%`;D%A@E%>@CGb%=D%A@E%E@%QG%PGEG?<=AGP%=APGHGAPGAE>N%@\%@M?%@`A%?G>;E=@A%E@%EIG%BMGDE=@A_%%

:@<<GAE=AJ%@A%EIG%A@E=@A%EI;E%;%J@@P%<;A%L;AA@E%QG%I;?<GP%EI;E%=D%HME%\@?`;?P%=A%O>;E@iD%f#(+4,5R%{>I;<%Y=><;A%?G<;?SD0!cFm%%

$@% I;CG% ;LI=GCGP% DMLI% =<<MA=ENR% DMLI% ;A% =APGHGAPGALG% \?@<%EIG%C;J;?=GD%@\% \;EGR% =D% E@%I;CG% \@MAP% =<<@?E;>=ENn%;%`G>>4QG=AJ%EI;E%=D%D;\G%\?@<%DMLI%C;J;?=GDR%@AG%`I=LI%#-8)!,!5&H,(,$4#-!*(#'!+##.-&55!@,-!%0($_%aY=><;A%7116R%767!')!&'H%,545b%%

.A%<;AN%`;NDR%.%EI=AS%DMLI%;A%MAPG?DE;AP=AJ%L@<GD%L>@DG?%E@%`I;E%=D%=AC@>CGP% =A%@AGiD% >@CGR%@?%@\EGA%@AGiD% >@CG%;\\;=?DR%L@<=AJ% E@%;A%GAPR%EI;A% ;AN% @EIG?% PGDL?=HE=@A% .% I;CG% GAL@MAEG?GP_% .E% ?G<=APD% MD% EI;E%LG;D=AJ%E@%>@CG%P@GD%A@E%=<H>N%EIG%<G?G%GAP%@\%D@<G%H?@LGDD%@?%DE;EG%EI;E%E;SGD%H>;LG%=APGHGAPGAE>N%@\%<GR%QME%L@ADE=EMEGD%;A%;LE=CG%EM?A=AJ%;`;N%\?@<%@?%EM?A=AJ%@M?%Q;LS%@A%>@CG_%)N%EIG%`@?P%V;LE=CGX%.%P@%A@E%<G;A%E@%DMJJGDE%EI;E%EIG?G%;?G%;AN%DHGL=\=L%;LE=@AD%@?%;LE=C=E=GD%EI;E%`G%E;SG%@A_%.E%=D%;A%;EEG<HE%E@%Q?=AJ%@ME%@M?%?GDH@AD=Q=>=EN%\@?%A@E%>@C=AJ%;AN<@?G_%.A%LI;HEG?%1%.%P=DLMDDGP%EIG%DGADG%@\%E?MDE%=A%`I=LI%`G%<;N%\GG>%EI;E%A@EI=AJ%L;A%P?;`%@M?%>@CG%=AE@%BMGDE=@A_%,@E%GCGA%PG;EIR%@AG%<;N%EI=ASR%L@M>P%PGDE?@N%@M?%>@CGR%GCGA%=\%=E%=AGC=E;Q>N%<G;AD%EI;E%`G%;?G%A@%>@AJG?%;Q>G%E@%DI;?G%@M?%>=\G%E@JGEIG?_%%

.A%EI=D%DGADGR%`G%<;N%AGGP%E@%EI=AS%A@%<@?G%@\%EIG%IMDQ;APR%`I@%;\EG?%EIG%PG;EI%@\%I=D%QG>@CGP%`=\G%\;>>D%=A%>@CG%;J;=A_%.A%L>@DG%;\\=A=EN%`=EI% Y=><;A% `G% L@M>P% D;N% EI;E% EIG% @A>N% `;N% @\% EI?G;EGA=AJ% EIG%HG?DHGLE=CG%@\%>@CG%=D%QN%QGE?;N=AJ%@M?%>@CG%;AP%EIG%<G;A=AJ%N@M%I;CG%\@?%<G%=A%=ER%QN%>@D=AJ%<N%\;=EI%=A%>@CGR%QN%P=DE;AL=AJ%<NDG>\%\?@<%=ED%J@@PAGDDR% >@D=AJ% <NDG>\% =A% <GR% @?% QN% AGJ>GLE=AJ% N@M% =A% EIG% DGADG%Q?@MJIE% @ME% =A% EIG% \@>>@`=AJ% BM@EG% \?@<%!=AEG?D@AiD%M(4$$&-! #-! $%&!R#.)%0%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%cFm%$IG%?G<;?S%;HHG;?D% =A% L@AAGLE=@A%`=EI%Y=><;AiD%P=DLMDD=@A%;Q@ME%O>;E@iD%V%,&.#!EI;E%.%P=DLMDDGP%<@?G%GgEGAD=CG>N%=A%LI;HEG?%7F_%

& 9 + 6#37 & 8 ! % . & ! &$- !

!

B ; ; !

K;AN%`;EG?D% L;AA@E% BMGALI% >@CGR% AG=EIG?% L;A% \>@@PD%P?@`A% =E_%!I;E% EIGA%S=>>D% >@CGZ%*A>N% EI=D0%,GJ>GLE_%,@E% E@% DGG%N@M% DE;AP%QG\@?G%<G_%,@E%E@%EI=AS%@\%N@M%=A%EIG% >=EE>G% EI=AJD_%,@E%E@%<;SG%EIG%?@;P%`=PG%\@?%N@MR%EIG%E;Q>G%DH?G;P%\@?%N@M_%$@%LI@@DG%N@M%@ME%@\%I;Q=E%A@E%PGD=?G_%$@% >G;CG% EIG%P=DIGD%MA`;DIGPR% EIG%QGP%MA<;PGR% E@% =JA@?G% N@M% =A% EIG% <@?A=AJDR% <;SG% MDG% @\% N@M% ;E%A=JIE_%$@%L?;CG%;A@EIG?%`I=>G%HGLS=AJ%N@M?%LIGGS_%$@%D;N%N@M?%A;<G%`=EI@ME%IG;?=AJ%=ER%E@%;DDM<G%=E%=D%<=AG%E@%L;>>_%a!=AEG?D@A%6FF7QR%7384732b%%

.A% EI=D% DGADGR% .% \=AP% =E% P=\\=LM>E% E@% DGG% `I;E% =E% `@M>P% <G;A% \@?% EIG%PG<;AP%E@% >@CG%E@%GAP_%$I=D%P@GD%A@E%<G;A%EI;E%EIG%PG<;AP%@\% >@CG%E;SGD%;AN%DHGL=\=L%\@?<D%`IGA%=E%L@<GD%E@%EIG%PGE;=>D%@\%@M?%>=\G_% .E% =D%A@E% EI;E% >@C=AJ% N@M% <G;AD% EI;E% `GR% \@?GCG?R% <MDE% DHGAP% @M?% >=\G%E@JGEIG?R%DI;?=AJ%;%I@MDG%;AP%GL@A@<N_%.E%<;N%GCGA%QG%>@CG%EI;E%>G;PD%MD% E@% EIG% ?GL@JA=E=@A% EI;E% `G% <=JIE% QG% QGEEG?% @\\% =\% `G% `G?G% A@E%E@JGEIG?_%$IG%PG<;APD%@\%>@CG%H?GDGAE%MD%`=EI%;%BMGDE=@A%;Q@ME%`I;E%=E%<G;AD%E@%QG%E?MG%E@%EI=D%HG?DHGLE=CG%=A%;%AG`%;AP%LI;AJ=AJ%D=EM;E=@A%=A%`I=LI%Q@EI%N@M%;AP%.%<;N%I;CG%;>EG?GP_%'@CGR%;D%=E%`G?GR%L;AA@E%QG%EI;E%`I=LI%H?GCGAED%MD%\?@<%LI;AJ=AJ_%!I;E%=E%;DSD%@\%MDR%I@`GCG?R%=D%`I;E%`G%E;SG%`=EI%MD%=AE@%EIGDG%LI;AJ=AJ%D=EM;E=@AD_%

$IG%BMGDE=@A%`IGEIG?%`G%I;CG%QGE?;NGP%G;LI%@EIG?%QN%A@E% >@C=AJ%G;LI%@EIG?% =A% EIG%D;<G%`;N%;D%QG\@?GR% EIGAR% =D%A@E%<G?G>N%;%BMGDE=@A%;Q@ME%`I;E%`G%`G?G%\GG>=AJ%;AP%D;N=AJ%EIGA%QME%;A%=A^MALE=@A%E@%;DS%`I;E% EI=D% HG?DHGLE=CG% <G;AD% E@P;N_% !I;E% P@% @M?% H?@<=DGD% E@% >@CG%<G;A%A@`Z%!I;E%<G;A=AJ%P@%`G%DGG%=A%@M?%?G>;E=@ADI=H%E@P;NZ%"@`%P@%`G%>@@S%Q;LS%MH@A%@M?%DI;?GP%>=\G%;AP%H;DER%;AP%DGG%=E%\@?%`I;E%=E%=DR% \@?% >@CGR% HG?I;HDR% `=EI@ME% P=<=A=DI=AJ% EIG% =<H@?E;ALG% EIG% @EIG?%I;P%=A%<N%>=\GZ%"@`%P@%`G%I@>P%@A%E@%G;LI%@EIG?%=A%@M?%\MEM?G%>=\GR%;D%=E%`G?GR%`=EI@ME%G;LI%@EIG?Z%%

!I;E%<;?SD%EIG%E?MG%I@??@?%@\%<;AN%Q?@SGA%?G>;E=@ADI=HD%=D%-#$%EIG%?G;>=e;E=@A%EI;E%@AG%I;P%QGGA%<=DE;SGA%;Q@ME%EIG%=<H@?E;ALG%@\%@AGiD%>@CG%;AP%@\%@AGiD% ?G>;E=@ADI=H% E@% D@<G@AG_% .E% =D% EIG%GgH>=L=E%PGA=;>%@\%EIG%<G;A=AJ%;A@EIG?%HG?D@A%I;P%\@?%@AG0%Vj@M%<G;A%A@EI=AJ%E@%<GoX%*AG%DI@M>P%AGCG?%\@?JGE%EI;E%EIG%PGA=;>%@\%>@CG%=D%\=?DE%;AP%\@?G<@DE%;%PGA=;>%@\%@EIG?%HG@H>G%;AP% EIG%<G;A=AJ% EIGN%I;CG%;AP%I;CG%I;P%\@?%<G_%%

.E% D@<GE=<GD% DGG<D% EI;E% `I;E% P=DEM?QD% MD% EIG% <@DE% =A% EIGDG%BMGDE=@AD% =D% EIG=?% LI;>>GAJG% E@%@M?% DGADG%@\% L@AD=DEGALN_%!G% DE?@AJ>N%`;AE%EI=AJD%E@%I;CG%@AG%DHGL=\=L%<G;A=AJ_%.\%=E%`;D%>@CG%EIGAR%=E%DI@M>P%QG%>@CG%A@`_%.\%`G%\GG>%EIG%M?JGAE%DGADG%EI;E%EI=D%>@CGR%@M?%>@CG?%A@`R%=D% EIG%@A>N%@AG% \@?%MDR% EI;E% EIG% >@CG% EI;E%`G% \GG>%A@`%=D% EIG%@AG% EI;E%`=>>%>;DE%\@?GCG?R%EIGA%=E%L@M>P%A@E%H@DD=Q>N%I;CG%QGGA%>@CG%EI;E%`G%\G>E%

2 & ( $ + $ 3 !

! !

B ; D !

QG\@?G%=A%;A@EIG?%?G>;E=@ADI=H_%!G%P@%A@ER%;D%=E%`G?GR%DGG<%L;H;Q>G%@\%PG;>=AJ%`=EI% EIG% \;LE% EI;E% D@<GEI=AJ% EI;E%@ALG%`;D%@\% D=JA=\=L;ALG% =D%A@E% ;AN<@?G_% $I=D% ;EE=EMPG% =A% =EDG>\% =D% GgH?GDD=CG% @\% D@<GEI=AJ% @EIG?%EI;A% >@CG_% $IG% ?G\MD;>% E@% ;LLGHE% EI;E% EI=AJD%`=>>% LI;AJG% =D% =A% =EDG>\% ;%PGA=;>% @\% EIG% HG?DHGLE=CG% @\% >@CG% ;AP% EIG% ?GL@JA=E=@A% @\% `I;E% =E%PG<;APD%@\%MD%=A%GCG?N%-&7%D=EM;E=@A_%

"G?G% =E% <;N% IG>H% E@% ?G<G<QG?% EI;E% EIG?G% ;?G% <;AN% P=\\G?GAE%;EE=EMPGD%EI;E%`G%<;N%E;SG%E@`;?PD%EIG%\;LE%EI;E%D@<GEI=AJ%EI;E%`;D%@\%D=JA=\=L;ALG% EIGA% =D% A@E% @\% D=JA=\=L;ALG% A@`_% !G% <;N% >@@S% Q;LS%>@AJ=AJ>NR%`=EI%A@DE;>J=;%@?%`=EI%?GJ?GE_%*?%`G%<;N%EI=AS%Q;LS%`=EI%P=DP;=A_%V"@`%L@M>P%;AN@AG%\=AP%EI;E% =<H@?E;AEZX%!G%<;N%\GG>% EI;E%`G% I;CG% >@DE% D@<G% @\% EIG% DGADG% @\%<;J=L%`G% GgHG?=GALGP% EIGA% @?% ;%LI=>P>=SG% =AA@LGALG% EI;E%<;SGD% =E% =<H@DD=Q>G% E@%LIG?=DI%;ANEI=AJ%G>DG%E@P;N%@?%`G%<;N%E?G;DM?G%EIG%<G<@?N%@\%`I;E%`G%\G>ER%EIG%GAEIMD=;D<%`=EI%`I=LI%`G%GAEG?GP%D@<GEI=AJ_%!G%P@%A@E%AGGP%E@%L@AL>MPG%EI;E%=E%P=P%A@ER%;AP%P@GD%A@ER%I;CG%;AN%D=JA=\=L;ALG_%

! !

!

!

"#$"67'+#$!

"#$0&*'(%+#$'!()#7%!6#0&!

%.A%EIG%<=PP>G%@\%<N%`@?S%@A%EI=D%EIGD=D%.%`;D%DE?MLS%QN%EIG%?G;>=e;E=@A%EI;E%.%`@M>P%AGCG?%QG%;Q>G%E@%J=CG%;%L@<H>GEG%;LL@MAE%@\%>@CG_%.%;<%A@E%D;N=AJ% EI;E% H?=@?% E@% EI;E% .% I;P% =<;J=AGP% EI;E% EIG% GAP% ?GDM>E% @\% <N%?GDG;?LI%`@M>P%QG%VEIG%L@<H>GEG%`@?S%@A%>@CGX_%&CG?%D=ALG%.%DE;?EGP%`@?S=AJ%@A%EIG%DMQ^GLE%.%I;P%DE?MJJ>GP%`=EI%<N%\G>E%>=<=E;E=@A%`IGA%=E%L;<G%E@%D;N=AJ%D@<GEI=AJ%;Q@ME% >@CG%EI;E%`@M>P%QG%Q@EI%E?MG%E@%<N%@`A%GgHG?=GALGD%@\%>@CG%;AP%?GDH@AD=CG%E@%EI@DG%@\%@EIG?D_%.%`;D%;>D@%;`;?G% @\% EIG% =AGC=E;Q>N% HG?D@A;>% LI;?;LEG?% @\% HI=>@D@HI=L;>% =AD=JIED%;AP% @\%<@?;>=ENR% EIG% DGADG% =A%`I=LI% HI=>@D@HIN% =D% ;>`;ND% X`@?S% @A%@AGDG>\XR% @A% @AGiD% @`A% =PG;DR% ;AP% EIG% DGADG% =A% `I=LI% HI=>@D@HIN%AGCG?EIG>GDD%@,--#$6!,-.!.#&5!-#$6%@\\G?%D@>ME=@AD%E@%@M?%HG?D@A;>R%<@?;>%H?@Q>G<D_% "GALGR% EIG% ?G;>=e;E=@A% EI;E% DE?MLS% <G% Q@?G% ;% DE?@AJ%?GDG<Q>;ALG%E@%<;AN%@\%<N%H?GC=@MD%EI@MJIED%@A%EIG%<;EEG?_%%

"@`GCG?R% =E% `;D% @A>N% EIGA% EI;E% .% ?G;>=eGP% EIG% \M>>% \@?LG% @\% EIGDG%=AD=JIED% ;AP% EIG=?% =<H>=L;E=@AD% \@?% EIG% S=AP% @\%`@?S% .% `;D% P@=AJ_% .%L;<G%E@%DGG%EI;E%=E%=D%L@ADE=EME=CG%@\%EIG%H>;LG%>@CG%I;D%=A%@M?%>=\G%EI;E%EIG% A@E=@A% @\% J=C=AJ% ;% L@<H>GEG% ;AD`G?% =EDG>\%AGGPD% E@%QG%P=DD@>CGP_%$I=D% =D%A@E%GgH?GDD=CG%@\% EIG%S=AP%@\%\;>DG%<@PGDEN% EI;E%L@>@M?GP%<N%=A=E=;>%P@MQED% ;Q@ME% EI=D%H?@^GLE0% V!I@%;<% .% E@% D;N% D@<GEI=AJ%;Q@ME%D@<GEI=AJ% ;D% J?G;E% ;AP% <NDEG?=@MD% ;D% >@CGZX% .% ?GL@JA=eGP% EI;E% EIG%>=<=E;E=@A%.%GgHG?=GALGP%`;D%A@E%H?=<;?=>N%;%HG?D@A;>%@AG_%.E%=D%-#$!EI;E%D@<GQ@PN%G>DG%L@M>P%I;CG%J=CGA%;%L@<H>GEG%;AD`G?R%@A>N!A%L@M>P%A@E_%!G% <=D?GH?GDGAE% EIG% S=AP% @\% BMGDE=@A% =E% =D% =\% `G% EI=AS% EI;E% ,-)#-&!L@M>P%J=CG%;%L@<H>GEG%;AD`G?%E@%=E_%%

$I=D%=D%A@E%E@%D;N%EI;E%=A%H;?E=LM>;?%D=EM;E=@AD%EIG?G%;?G%A@%QGEEG?%@?%`@?DG% ;AD`G?D% E@% @M?% BMGDE=@ADR% AG=EIG?% EI;E% @M?% MAPG?DE;AP=AJ% @\%>@CG%<;N%A@E%PGGHGA_%"@`GCG?R%`G%<=D=PGAE=\N%EIG%L@ALG?AD%EI;E%;?G%GgH?GDDGP% =A% EIG% PGD=?G% E@% SA@`%`I;E% >@CG% =D% =\% `G% EI=AS% EI;E% EIGN%L@M>P%QG%DGEE>GP%QN%;AN@AG%D=<H>N%EG>>=AJ%MD%EI=D_%$IG%H@=AE%=D%-#$%EI;E%=E% =D% =<H@DD=Q>G% E@%J=CG% ;A%;AD`G?%A@?% EI;E% .% L@M>P%A@E% D;N%;ANEI=AJ%

"#$" 6 7 ' + # $ !

! !

B ; B !

;Q@ME% `I;E% .% \=AP% =<H@?E;AE% ;AP% GDDGAE=;>% =A% ;% P=DLMDD=@A% @A% >@CG_%,G=EIG?%P@GD%DMLI%;A%;AD`G?%L@ADE=EMEG%D@<G%DGL?GE%SA@`>GPJG%;Q@ME%>@CG%EI;E%=D%@A>N%L@ADGL?;EGP%\@?%;%\G`_%$IG%BMGDE=@A%=D%?;EIG?%`I;E%`G%EI=AS%EI;E%DMLI%;A%;AD`G?%L@M>P%?GCG;>%E@%MD_%%

.% `@M>PR% \@?% =ADE;ALGR% D;N% EI;E% (=G?SGJ;;?P% a7158b% ;>G?ED% MD% E@%D@<GEI=AJ% =<H@?E;AE% `IGA% IG% D;NDR% VOM?=EN% @\% IG;?E% =D% E@% `=>>% EIG%J@@P%=A%E?MEIX_%.%`@M>P%D;N%EIG%D;<G%;Q@ME%KM?P@LI%`IGA%DIG%L>;=<D%EI;E% Vv>w@CG% =D% EIG% ?G;>=e;E=@A% EI;E% D@<GEI=AJ% @EIG?% EI;A% N@M?DG>\% =D%?G;>X% a7112R% 675b% ;AP% ;Q@ME% !G=>R% `I@% ?G<;?SDR% XvQwG>=G\% =A% EIG%Gg=DEGALG%@\% @EIG?%HG@H>G% ;D% DMLI% =D% >@CGX% a7122R% c51b_%$IG=?% ?G<;?SD%DG?CG% ;D% ?G<=APG?D% @\% EIG% J?;<<;?% @\% >@CGR% H@=AE=AJ% E@% EIG%\MAP;<GAE;>% ?@>GD% L@ALGHED% DMLI% ;D% VMA=ENXR% V?G;>=ENX% @?%V=AP=C=PM;>=ENX%I@>P%=A%>@CG_%$IG%P=DLMDD=@A%@\%>@CG%EI;E%E;SGD%H>;LG%=A%O>;E@iD%P)'H#540'%;>D@%?GCG;>D%<;AN%=<H@?E;AE%BMGDE=@AD%;Q@ME%>@CG_%O>;E@iD% DE?MJJ>GD% E@% ?GD@>CG% EIG% L@A\>=LED% QGE`GGA% EIG% DH=?=EM;>% ;AP%L;?A;>% ;DHGLED%@\% >@CG% ;?G% ?GHG;EGP% =A%<MLI%@\% EIG% >=EG?;EM?G%@A% >@CG%GCG?%D=ALG_%"=D%`@?S%;>D@%=AC@>CGD%;A%;EEG<HE%E@%?GL@AL=>G%EIG%;QD@>MEG%;AP% =A\=A=EG% ;DHGLED% @\% @M?% >=\G% `=EI% EIG% ?GL@JA=E=@A% @\% @M?% @`A%\=A=EMPG_% $I=D% .% I;CG% L@<G% E@% =PGAE=\N% ;D% ;A% =AL?G;D=AJ>N% D=JA=\=L;AE%DMQ^GLE%`IGA%P=DLMDD=AJ%>@CG_%%

O;?E%@\% EIG%;QDM?P=EN%@\%=<;J=A=AJ%EI;E%@AG%L@M>P%J=CG%;%L@<H>GEG%;AD`G?% E@% EIG% BMGDE=@A% ;Q@ME%`I;E% >@CG% =D% QGL@<GD% ;HH;?GAE% =A% EIG%?GL@JA=E=@A%@\%I@`% \;?4?G;LI=AJ%;%Q;LSJ?@MAP% =D%AGGPGP% \@?% ?G;P=AJ%DMLI%?G<;?SD%;D%?GCG>;E@?N%@\%>@CG_%T@?%EIGDG%?G<;?SD%E@%<;SG%DGADGR%`G%AGGP%E@%DGG%EIG<%=A%EIG%>=JIE%@\%;%C;?=GEN%@\%P=\\G?GAE%BMGDE=@AD%`G%<;N%?;=DG%;Q@ME%>@CGR%EIG%L@AAGLE=@AD%EIGN%I;CG%`=EI%L@ALGHED%DMLI%;D%E?MEIR% J@@PAGDDR% ?G;>=EN% ;AP% PGD=?GR% ;AP% D@% @A_% $IG?G% =D% ;% ?;AJG% @\%L@AL?GEG% D=EM;E=@AD% =A%`I=LI% EIG% L@ALGHE% @\% >@CG% =D% MDGP% =A% P=\\G?GAE%`;ND%EI;E%`G%AGGP%E@%SGGH%=A%<=AP%=\%`G%;?G%E@%DGG%`I;E%DGADG%EIG?G%<;N%QG%=A%DMLI%\@?<M>;E=@AD_%.A%EI=D%`@?S%.%I;CG%E?=GP%E@%Q?=AJ%@ME%@AG%S=AP%@\%Q;LSJ?@MAP%;J;=ADE%`I=LI%@AG%<;N%?G;P%EIG<_%

$I=D%=D%;%?G;D@A%`IN%.%DMJJGDE%EI;E%N@M%?G;P%EIGDG%\=A;>%?G<;?SD%;D%EIG% @HGA=AJ% @\% ;% L@ACG?D;E=@A% ?;EIG?% EI;A% ;D% EIG% GAP% @\% @AG_% .% I;CG%G<HI;D=eGP% EIG% P=;>@J=L;>% LI;?;LEG?% @\% >@CG% ;AP% EI=D% `@?S% =D% EIG%@MEL@<G%;AP%L@AE=AM;E=@A%@\%<;AN%DMLI%P=;>@JMGDR%Q@EI%HI=>@D@HI=L;>%;AP%HG?D@A;>%@AGD_%KN%`@?S%I;D%QGGA%;A%;EEG<HE% E@%;PP?GDD% LG?E;=A%BMGDE=@AD% ;Q@ME% >@CGR% QME%<@?G% EI;A% EI;E% =E% =D% ;A%;EEG<HE% E@% ;PP?GDD%)#0R%<N%?G;PG?R%`=EI%EIGDG%EI@MJIED_%.E%=D%;A%=AC=E;E=@A%E@%N@M%E@%EI=AS%EI?@MJI%EIG%BMGDE=@AD%.%I;CG%?;=DGP%;AP%QGL@<G%L>G;?%;Q@ME%`I;E%N@M%`;AE% E@% D;N% E@% EIG<_% .A% EI;E% DGADGR% =E% <=??@?D% EIG% E?=;P% @\% ,..(&55R%(&5H#-5&% ;AP% (&5H#-54?484$)% EI;E% .% I;CG% Q?@MJIE% @ME% ;D% L@ADE=EME=CG%

"#$0 &* '( % + #$ ' ! ( )#7 % ! 6 #0 & !

!

B ; I !

;DHGLED%@\% EIG%<GGE=AJD%;AP%L@ACG?D;E=@AD%@\% >@CG%=A%P=\\G?GAE%H>;LGDn%=A%@EIG?%`@?PDR%EIG%`;ND%=A%`I=LI%>@CG%=D%L@ADE=EMEGP%QN%<G%;AP%N@M%EM?A=AJ%E@%G;LI%@EIG?R%?GDH@AP=AJ%E@%G;LI%@EIG?%;D%IM<;A%QG=AJD%;AP%E;S=AJ%?GDH@AD=Q=>=EN%\@?%`I;E%`G%D;N%;AP%P@%E@%G;LI%@EIG?_%%

lGJ;?P=AJ% EI=D%`@?S% =A%EI;E%\;DI=@A%;>D@%P?;`D%EIG%=PG;%@\%;% \=A;>%PGDE=A;E=@A%=AE@%BMGDE=@A_%!I;E%`@M>P%=E%<G;A%E@%QG%P@AG%E;>S=AJ%`=EI%G;LI%@EIG?R%E@%GAP%EI=D%L@ACG?D;E=@AZ%:G?E;=A>N%`G%<;N%<;SG%DE@HD%@A%EIG%`;N_%#E%E=<GD%`G%<;N%EM?A%=A%@AG%P=?GLE=@A%?;EIG?%EI;A%;A@EIG?R%>G;C=AJ%@EIG?%?@;PD%QGI=AP%>G\E%MAE?;CG>>GP_%)ME%`G%<;N%;>`;ND%H=LS%MH%@A%@M?%L@ACG?D;E=@A%;E%;%>;EG?%H@=AER%J@=AJ%Q;LS%E@%`IG?G%`G%@ALG%DE;?EGPR% >@@S=AJ% \@?% ;A@EIG?% ?@;P% EI;E% <=JIE% >G;P% MD% \M?EIG?R% @?%GAEG?=AJ%H;EID%EI;E%>G;P%MD%E@%\;<=>=;?%H>;LGD_%%

.\% A@EI=AJ% G>DGR% EI=D%`@?S% DI@M>P% I;CG%<;PG% N@M% ?G;>=eG% EI;E%`G%E;>S%;Q@ME%BM=EG%;%AM<QG?%@\% EI=AJD%V`IGA%`G% E;>S%;Q@ME% >@CGX_%!G%GgH?GDD%@M?%>@AJ=AJR%PGD=?G%;AP%J?;E=EMPG%E@%G;LI%@EIG?_%!G%DE;EG%@M?%L@<<=E<GAER%PGHGAPGALG%;AP%=APGHGAPGALG_%!G%DHG;S%@\%J?=G\R%E?MDER%\;=EI% ;AP% \@?J=CGAGDDR% H?@<=DGDR% QG;MENR% E?MEI% ;AP% MA=EN_% !G% DHG;S%;Q@ME%V\GG>=AJ%;E%I@<GX%@?%V\GG>=AJ%;E%HG;LGXR%;Q@ME%V\GG>=AJ%>@DEX%;AP%;Q@ME% V\=AP=AJ% @M?DG>CGDX_% !G% L?N% @ME% @\% PGDH;=?% ;E% PGLGHE=@ADR%QGE?;N;>D% ;AP%AGGPD% >G\E% MA\M>\=>>GP_%!G%;?G% DI;SGA%QN% EM?<@=>R% \M?N%;AP%?;JG_%!G%GgHG?=GALG%CM>AG?;Q=>=EN%;AP%A;SGPAGDDR%`G%=PG;>=eG%@?%G<QG>>=DI_%!G%>@DG%@M?DG>CGD%=A%LNA=L=D<%;AP%DG>\=DIAGDD_%!G%\=AP%AG`%I@HG_%

KN%;=<%I;D%A@E%QGGA%E@%>GJ=D>;EG%;Q@ME%EIG%>;AJM;JG%@\%>@CGR%D;N=AJ%`I;E% =D%;% DGAD=Q>G% EI=AJ% E@% D;N%@?%PGG<=AJ%LG?E;=A%`;ND%@\% DHG;S=AJ%MA=AEG>>=J=Q>G%@?%A@ADGAD=L;>_%l;EIG?%.%I;CG%`;AEGP%E@%@HGA%MH%E@%EIG%P=CG?D=EN%@\%`;ND%=A%`I=LI%`G%DHG;S%@\%>@CG_%,@E%;>>%`;ND%@\%DHG;S=AJ%;Q@ME%>@CGR%I@`GCG?R%;?G%GBM;>>N%<G;A=AJ\M>_%!G%P@%A@E%AGGP%E@%>@@S%\;?%=AE@%`I;E%I;D%QGGA%`?=EEGA%;Q@ME%>@CGR%GDHGL=;>>N%=A%H@HM>;?%D@AJD%;AP% EIG% >=SG% EI;E% I;D% \@?<GP% H;?E% @\% EIG% Q;LSJ?@MAP% @\% <N%P=DLMDD=@ADR%E@%DGG%EI;E%A@E%;>>%<GE;HI@?D%;?G%=>>M<=A;E=AJ_%,G=EIG?%;?G%;>>% ;A;>@J=GD% \?M=E\M>_%#E% EIG% GAP% @\% EIG% P;N% D@<G%`;ND% @\% DHG;S=AJ%;Q@ME%>@CG%DMLLGGP%=A%;?E=LM>;E=AJ%@M?%GgHG?=GALG%@\%>@CG%`I=>G%@EIG?D%\;=>_%%

.A%?GDH@ADG%E@%EIG%HI=>@D@HIG?D%.%I;CG%Gg;<=AGP%<@?G%L?=E=L;>>NR% .%I;CGR% EIG?G\@?GR% Q?@MJIE% @ME% EIG% `;ND% =A% `I=LI% .% \=AP% EI;E% EIG=?%P=DLMDD=@AD% \;=>% E@% H?@C=PG% <G;A=AJ\M>% ;LL@MAED% @\% >@CG_% K;AN%HI=>@D@HIG?D% `=EI% EIG=?% Q;LSJ?@MAP% =A% ;A;>NE=L% HI=>@D@HIN% EGAP% E@%>=<=E% EIG=?% E;>S% ;Q@ME% >@CG% E@% \GG>=AJDR% QG>=G\DR% ^MPJG<GAEDR% ?G;D@ADR%H?@HG?E=GDR%\MALE=@ADR%`@?EI`I=>G%GAPG;C@?DR%;AP%D@%@A_%$I=D%LI@=LG%@\%

"#$" 6 7 ' + # $ !

! !

B ; C !

C@L;QM>;?NR%.%I;CG%;?JMGPR%@\EGA%@\\G?D%E@@%A;??@`%;A%;LL@MAE%@\%`I;E%=D%=AC@>CGP%=A%@M?%L@ACG?D;E=@AD%;Q@ME%>@CG_%%

$IG=?% \;=>M?G% E@% ;LL@MAE% \@?% EIG% P=\\G?=AJ% Q;LSJ?@MAPD% @\% @M?%L@ACG?D;E=@ADR%.%I;CG%;?JMGPR%E;SGD%;E%>G;DE%E`@%P=\\G?GAE%\@?<D_%T=?DER%`IGA%`G%DHG;S%;Q@ME%>@CGR%=A%@M?%P;=>N%>=\G%;AP%;D%HI=>@D@HIG?DR%EIG%BMGDE=@A% =D% A@E% @A>N% `I;E% `G% D;N% QME% %#7% `G% D;N% =E% ;AP% I@`% @M?%`@?PD% J@% ;>@AJ% `=EI% `I;E% `G% P@_% $IG?G% =D% ;% BMGDE=@A% ;Q@ME% `I;E%C@L;QM>;?N%`G%MDGR% EIG% E@AG%@\%C@=LG% =A%`I=LI%`G%DHG;SR%;AP%D@%@A_%$IG%H?@Q>G<%`=EI%<;AN%HI=>@D@HIG?D%`?=E=AJ%;Q@ME%>@CG%=D%EI;E%@\EGA%GA@MJI%`G%P@%A@E%SA@`%=A%@?%@ME%@\%`I;E%L@AEGgE% EIGN%DHG;S_%$IG=?%;EEG<HED% E@% \@?<M>;EG% ;% JGAG?;>% EIG@?N% @?%PG\=A=E=@A% @\% >@CG% @QDLM?G%EIG%H;?E=LM>;?%S=APD%@\%L@ALG?AD%E@%`I=LI%EIGN%DHG;S_%%%

/GL@APR%DHG;S=AJ%;Q@ME%>@CG%=A%EIG%EG?<D%<;AN%@\%EIG%HI=>@D@HIG?D%.%I;CG% L?=E=L=eGP%I;CG%MDGP%P@GD%A@E% DM\\=L=GAE>N% ;EEGAP% E@% EIG%<@?;>%LI;?;LEG?%@\%>@CG_%$I=D%=D%@AG%@\%EIG%<;^@?%L?=E=L=D<D%@\%<N%`@?S_%$IG%EIG<GD% EIGN% Q?=AJ% @ME% ;?G%H?=<;?=>N%P=DLMDDGP%`=EI% ?G\G?GALG% E@% EIG%HI=>@D@HIN% @\% <=AP_% $IGN% L@<<=E% EIG<DG>CGDR% <@?G% @?% >GDDR% E@% EIG%QG>=G\%EI;E%@AG%L@M>P%;AD`G?%<@?;>%BMGDE=@AD%QN%PGDL?=Q=AJ%EIG%<=AP%@\%<GA%a@?%`@<GAb_%)N%\=AP=AJ%@ME%`I;E%S=APD%@\%QG=AJD%`G%;?GR%`I;E%L;H;L=E=GD%L@ADE=EMEG%EIG%HG?D@AR%EIGN%I@HG%E@%\=AP%@?%J=CG%;%J?@MAP%\@?%<@?;>=EN_% .% I;CG% ;?JMGP% EI;E%`G% L;AA@E%<;SG% DGADG% @\% EIG% S=APD% @\%QG=AJD% `G% ;?G% `=EI@ME% ?GL@JA=e=AJ% EIG% <@?;>% LI;?;LEG?% @\% EI=D%BMGDE=@A_%$IG%;AD`G?D%`G%J=CGR%J=CG%C@=LG%E@%P=\\G?GAE%<@?;>%;EE=EMPGD%E@%@M?%>=CGD%;D%IM<;A%QG=AJD_%

"GALGR% .% I;CG% ;PP?GDDGP% EIG% H?@Q>G<D% =AC@>CGP% =A% ;EEG<HE=AJ% E@%?GPMLG%<;EEG?D%@\% >@CG%E@%BMGDE=@AD%@\%HDNLI@>@JNR%QN%`I=LI%.%<G;AR%A@E% D@% <MLI% EIG% A@E=@AD% @\% ;AN% Gg=DE=AJ% HDNLI@>@J=L;>% EIG@?NR% ;D% ;%H=LEM?G%@\%EIG%IM<;A%QG=AJ%@?%EIG%HG?D@A%;D%;%DG>\%<;PG%MH%@\%C;?=@MD%QG>=G\DR%=AEGAE=@ADR%`;AEDR%PGD=?GDR%=AEG?GDEDR%;AP%AGGPD_%$I=D%H=LEM?G%@\%`I;E% =E% =D% E@% PGDL?=QG% EIG% IM<;A% L@AP=E=@A% H?GDMHH@DGD% EI;E% @AG%P=DLMDDGD%EIG%BMGDE=@A%\?@<%;%EI=?P%HG?D@A%HG?DHGLE=CG_%.E%;EEGAPDR%;D%.%I;CG% DI@`A% =A% EIG% DGL@AP%H;?ER% E@% EIG%BMGDE=@A%V!I;E% =D%;%HG?D@AZX%?;EIG?% EI;A% E@% EIG%BMGDE=@A%V!I@%;<% .ZX% .E% ;DSDR% V!I;E% =D% =E% E@%QG%;%IM<;A%QG=AJZX%?;EIG?%EI;A%V!I;E%P@GD%=E%<G;A%E@%QG%IM<;AZX%%

.%I;CG%;?JMGP%EI;E%`G%L;AA@E%<;SG%DGADG%@\%EIG%BMGDE=@A%7%,$%`G%;?G%;D%IM<;A%QG=AJD%`=EI@ME%;EEGAP=AJ%E@%EIG%BMGDE=@A%7%#%`G%;?G_%#D%<N% P=DLMDD=@A% =A% EIG% EI=?P% H;?E% I;D% DI@`A% `G% L;AA@E% \=AP% @ME% EIG%<G;A=AJ% @\% EIG% `@?PD% `G% MDG% =A% @M?% >=\GR% `=EI@ME% ;DS=AJ% `I;E%<G;A=AJ% EIGDG% ;DHGLED% @\% @M?% >=\G% I;CG% \@?% MD_% /G;?LI=AJ% \@?% EIG%<G;A=AJ%@\%VIM<;A%QG=AJXR%EIGAR%=D%A@E%;%<;EEG?%@\%.&5@(4?4-+%`I;E%EIG%`@?P% ?G\G?D% E@R% QME% ;% <G;AD% @\% ,($4@08,$4-+!`I;E% `G% @M?DG>CGD% L;A%

"#$0 &* '( % + #$ ' ! ( )#7 % ! 6 #0 & !

!

B ; = !

MAPG?DE;AP%;D%D=JA=\=L;AE%=A%;%IM<;A%>=\G_%.A%EM?AR%EI=D%BMGDE=@A%L;AA@E%G;D=>N% QG% DGH;?;EGP% \?@<% `I;E% `G% <;N% L@<G% E@% MAPG?DE;AP% ;D% ;%%0',-&% >=\G_% $IG% BMGDE=@A% @\% `I;E% =E% <G;AD% E@% QG% ;% IM<;A% QG=AJR%EIG?G\@?GR% I;D% ;% DHGL=\=L% ?@>G% =A% HI=>@D@HINR% =A% EI;E% =E% =AC@>CGD% ;A%G>G<GAE%@\%5&8*9(&*8&@$4#-_%.E%;=<D%E@%;?E=LM>;EG%;AP%MAPG?DE;AP%@M?%5&8*90-.&(5$,-.4-+% @\% EIG% S=APD% @\% QG=AJD% `G% ;?GR% EIG% PG<;APD% `G%?GL@JA=eG%=A%@M?%>=CGD%;D%IM<;A%QG=AJD_%$I=D%DG>\4MAPG?DE;AP=AJ%<;N%PGGHGA%;AP%LI;AJG%EI?@MJI%HI=>@D@HI=L;>%?G\>GLE=@A_%

.\%`G%H;N%;EEGAE=@A%E@%@M?%>=CGD%E@JGEIG?%;AP%E@%EIG%`;ND%=A%`I=LI%`G%MDG%@M?%`@?PD% =A% =E%`G%DI@M>P%DGG% EI;E% DHG;S=AJ%;Q@ME% EI=AS=AJR%`;AE=AJR% \GG>=AJR%PGD=?=AJR% >@C=AJ%QG>@AJD%E@%;%<@?;>%L@AEGgE%;D%`G>>_%$I=D%=D%;>D@%E?MG%\@?%<;AN%`@?PD%PGA@E=AJ%HG?D@A;>%LI;?;LEG?=DE=LD%;AP%E?;=EDR% DG?C=AJ% E@%H=LS%@ME%@Q^GLED%@\%Q>;<G%;AP%H?;=DGR% DMLI%;D%GACNR%DG>\=DIAGDDR%L@M?;JG%@?%JGAG?@D=ENR%QG=AJ%GgH?GDD=CG%@\%JM=>ER%?G<@?DGR%;AJG?R% ^@N% @?% >@CG_%*M?% ?GJ;?P=AJ% D@<GEI=AJ% ;D% ;% EI@MJIER% PGD=?G% @?%\GG>=AJR% @M?% PGDL?=Q=AJ% ;A% ;LE=@A% ;D% EI@MJIE>GDD% @?% EI@MJIE\M>R% ;D%>;LS=AJ%\GG>=AJR%L;A%QG%D;=P%E@%L@ADE=EMEG%<@CGD%=A%;%<@?;>%J;<G_%!I;E%`G% L@<G% E@% L@AD=PG?% ;D% ;>EG?A;E=CGD% \@?% EI@MJIE% ;AP% PGD=?G% ?GCG;>D%D@<GEI=AJ%;Q@ME%@M?%<@?;>%<;SG4MH_%%

$IMDR% `G% AGGP% E@% ;EEGAP% E@% @M?% <@?;>% HDNLI@>@JN% =\% `G% ;?G%=AEG?GDEGP% =A% HMEE=AJ% \@?`;?P% ;% HDNLI@>@J=L;>% PGDL?=HE=@A% @\% EIG%IM<;A% QG=AJ_% *EIG?`=DGR% `G% ?MA% EIG% ?=DS% @\% >G;C=AJ% @ME% =<H@?E;AE%;DHGLED% @\% @M?% MDGD% @\% @M?% V<GAE;>% C@L;QM>;?NX_% .A% EI=D% ?GDHGLER%HI=>@D@HIN% @\% <=AP% ;AP% <@?;>% HI=>@D@HIN% ;?G% =AEG?A;>>N% ?G>;EGP_% .%;>D@% EI=AS% EI;E% EIG% HI=>@D@HIN% @\% >;AJM;JG% <;N% H?@DHG?% \?@<%L@AD=PG?=AJ% EIG%<@?;>% H?GDMHH@D=E=@AD% @?% EIG% DE;?E=AJ%H@=AED% \@?% @M?%QG=AJ%>=AJM=DE=L%L?G;EM?GDR%QME%EI;E%=D%;A@EIG?%=DDMG_%

$IGDG% L@AD=PG?;E=@AD% ;>D@% I;CG% ;A% =<H;LE% @A% I@`% `G% DI@M>P%MAPG?DE;AP%EIG%H?;LE=LG%@\%HI=>@D@HIN_%)N%E?;P=E=@AR%EIG%H?=<;?N%\@LMD%@\%HI=>@D@HIN%I;D%QGGA%@A%@M?%L;H;L=EN%\@?%?G;D@A=AJR%@?%@A%lG;D@A%@?%?;E=@A;>=EN_% #D% #>GDD;AP?;% $;AGD=A=% a7111b% D@% ;HE>N% HMED% =ER% @AG% I;D%?GJ;?PGP% HI=>@D@HIN% ;D% QG=AJ% L@ALG?AGP% `=EI% V?G;D@AiD% DG>\4MAPG?DE;AP=AJ_% .E% =AC@>CGD% ;% ?;E=@A;>% =ACGDE=J;E=@A% @\% EIG% >=<=ED% @\%?G;D@A% =EDG>\X% a676b_% .% ;<% \;?% \?@<% EIG% @A>N% @AG% `I@% I;D% P=?GLEGP%L?=E=L=D<%;J;=ADE%EI=D%S=AP%@\%DG>\4MAPG?DE;AP=AJ_%$IG%P=\\G?GAE%;EE;LSD%@A% ?G;D@A% @?% ?;E=@A;>=EN% EI;E% I;CG% QGGA% L@APMLEGP% QN% \G<=A=DE%HI=>@D@HINR% L?=E=L;>% EIG@?NR% HIGA@<GA@>@JNR% ;AP% HDNLI@;A;>ND=DR% ;D%`G>>%;D%QN%<;AN%@\%EIG%<@CG<GAED%EI;E%I;CG%@\EGA%QGGA%L;EGJ@?=eGP%MAPG?% EIG% IG;P=AJ% @\% H@DE<@PG?A=D<R% I;CG% =A% <;AN% `;ND% QGGA%PGC;DE;E=AJ_%%

"#$" 6 7 ' + # $ !

! !

B ; H !

$IG% ;=<%@\% EIG=?% L?=E=L=D<D%I;D%QGGA% DI@`=AJ%I@`% EIG% L@ALGHE% @\%?;E=@A;>=EN%I;D%J=CGA%H?=@?=EN%E@%@AG%`;N%@\%MAPG?DE;AP=AJ%EIG%`@?>PR%`I=LI%I;D%>GP%=E%E@%J=CG%C@=LG%<;=A>N%E@%;%<;>G%HG?DHGLE=CG%@A%>=\G%;AP%IM<;A% ?G>;E=@ADI=HD% aDGG% G_J_% EIG% `@?SD% QN% hGAGC=GCG% '>@NPR% 'MLG%.?=J;?;NR% K=LIG>>G% 'GY@MgbR% I@`% ?;E=@A;>=EN% I;D% QGGA% MDGP% E@% J;=A%L@AE?@>%@CG?%EIG%GAC=?@A<GAE%;AP%;D%;%L@ADGBMGALG%I;D%J;=AGP%L@AE?@>%@CG?% MD% EM?A=AJ% MD% =AE@% =ED% D>;CGD% aDGG% G_J_% EIG% `@?S% @\% $IG@P@?%#P@?A@R% W�?JGA%";QG?<;D% ;AP%hG@?J%"GA?=S% C@A%!?=JIEbR% I@`% EIG%G<HI;D=D% @A% ?;E=@A;>=EN% ;AP% @M?% L;H;L=EN% \@?% P?;`=AJ% >@J=L;>%L@AL>MD=@AD%I;D%QGGA%Q?@MJIE% E@% EIG%\@?G%;E% EIG%GgHGADG%@\% EIG%Q@PNR%;AP%D@%\@?EI_%.%;<%A@E%`G>>%GA@MJI%CG?DGP%=A%EIGDG%E?;P=E=@AD%E@%@\\G?%;AN% DMQDE;AE=;>% ;A;>ND=D% @\% I@`% EIGDG% L?=E=L=D<D% E=G% =A% `=EI% ;AP%P=CG?JG% \?@<% <=AG_% .A% EIG% L;DGD% =A% `I=LI% .% I;CG% L@<G% =AE@% L>@DG?%L@AE;LE%`=EI%EIG<R%I@`GCG?R%EIGN%I;CG%@\EGA%DG?CGP%;D%IG>H\M>%D@M?LGD%@\%=ADH=?;E=@A_%

#EEG<HED%I;CG%;>D@%QGGA%<;PG%E@%D;>C;JG%EIG%L@ALGHE%@\%?G;D@A=AJ%\?@<% EIGDG% Q>=DEG?=AJ% ;EE;LSD% aL\_% G_J_% '@C=Q@AP% 6FF6R% GDHGL=;>>N% H;?E%...b%;AP%E@%<@P=\N%=E%E@%?GDH@AP%E@%D@<G%@\%EIG%L?=E=L=D<D_%$IG%;EEG<HED%E@%H?@CG%EIG%?;E=@A;>=EN%@\%G<@E=@AD%L;A%QG%DGGA%Q@EI%;D%;A%;EEG<HE%E@%;>EG?%@M?%MAPG?DE;AP=AJ%@\%G<@E=@AD%;D%A@E%<G?G>N%=??;E=@A;>R%;AP%@M?%MAPG?DE;AP=AJ% @\% ?;E=@A;>=EN% ;D% QG=AJ% PGHGAPGAE% @AR% D;NR% DGAD=E=C=EN%;AP%=<;J=A;E=@A%aL\_%G_J_%,MDDQ;M<%711Fb_%%

.% I;CG% ;?JMGPR% I@`GCG?R% EI;E%`I;E% =D% AGGPGP% =D% A@E% @A>N% ;%<@?G%?G\=AGP% H=LEM?G% @\% ?;E=@A;>=EN% QME% ;% P=\\G?GAE% ;HH?@;LI% E@%MAPG?DE;AP=AJ%EIG%<GEI@PD%@\%HI=>@D@HIN_%O=LEM?=AJ%?;E=@A;>=EN%;D%EIG%MAPG?J@=AJ%@\% >@J=L;>%H?@LGDDGD%H?@C=PGD%MD%`=EI%;A% =>>MD@?N%H=LEM?G%@\% `I;E% =D% =AC@>CGP% =A% EI=AS=AJR% ;AP% EIG% G<HI;D=D% @A% J=C=AJ% ;AP%?GDH@AP=AJ% E@% ?G;D@AD% \@?% P=\\G?GAE% L@M?DGD% @\% ;LE=@A% ;>D@% J=CGD% E@@%>=<=EGP% ;A% ;LL@MAE% @\% `I;E% =D% =AC@>CGP% =A% L@<<MA=L;E=@A_% .A% EI=D%?GDHGLER% .% I;CG% H?@H@DGP% EI;E% `G% E;SG% DG?=@MD>N% EIG% A@E=@A% EI;E%HI=>@D@HIN% =D% ;>D@% ;% \@?<% @\% >@CG_% OI=>@D@HIG?Di% `=DI% \@?% MA=E;?N%DNDEG<DpD=AJ>G%D@>ME=@AD%E@%L@<H>Gg%H?@Q>G<Dp\@?%@AG%EI=AJR%L;A%QG%DGGA%;D%;% \;=>M?G% =A%@M?%HI=>@D@HI=e=AJ% =A%<MLI%EIG%D;<G%`;N%EI;E%;%LG?E;=A%S=AP%@\%\;DL=A;E=@A%`=EI%QG;MEN%L@ADE=EMEGD%;%\;=>M?G%=A%>@CG%QN%=PG;>=e=AJ% EIG% @EIG?% @?% EIG% ?G>;E=@ADI=H_% #% L@<<=E<GAE% E@% EIG% C=G`%EI;E%HI=>@D@HIN%=D%;%\@?<%@\%>@CG%=D%;>?G;PN%GgH?GDDGP%=A%EIG%O>;E@A=L%P=;>@JMGDR%<@DE%L>G;?>N%=A%EIG%P)'H#540'R%E@%`I=LI%.%I;CG%E?=GP%E@%J=CG%PMG%;EEGAE=@A_%jGER%`G%<;N%L?=E=L=eG%O>;E@R%`=EI%/IGDE@CR%%\@?%=A%EIG%GAP%@HE=AJ%\@?%?;E=@A;>=EN%;D%EIG%H?=<;?N%JM=PG%E@%SA@`>GPJG%=A%EIG% >@AJ%?MA_%%

"#$0 &* '( % + #$ ' ! ( )#7 % ! 6 #0 & !

!

B ; @ !

.A%!=EEJGADEG=AiD%HI=>@D@HINR%.%I;CG%;>D@%\@MAP%;A%MAPG?DE;AP=AJ%@\% HI=>@D@HIN% `I=LI% =D% GgH?GDD=CG% @\% ;% >@CG% @\% >=\GR% ;>EI@MJI% EI=D%\@?<M>;E=@A%=D%A@E%@AG%EI;E%IG%I=<DG>\%MDGD_%$@%<N%<=APR%I=D%G<HI;D=D%@A%EIG%AGGP%E@%@HGA%MH%E@%EIG%<;A=\@>P%\@?<D%@\%>=\G%\;?%GgLGGPD%<;AN%H@DE<@PG?A=DE% C@`D% E@% H>M?;>=D<% ;AP% <M>E=H>=L=EN_% "=D% ?@@E=AJ% @\%>;AJM;JG%=A%EIG%H?;LE=LGD%@\%@M?%>=\G%;>D@%DEGG?D%;`;N%\?@<%EIG%S=AP%@\%?G>;E=C=D<% EI;E% @\EGA% L;A% QG% D;=P% E@% ;LL@<H;AN% EIG% H@DE<@PG?A%P=DD@>ME=@A%@\%VlG;D@AX_%

$IG%\@LMD%@A%?G;D@A%;AP%EIG%<=AP%LGAEG?D%@A%EIG%=AP=C=PM;>%HG?D@A_%l;E=@A;>=EN% L;A% QG% D;=P% E@% ?GH?GDGAE% EIG% ;EE=EMPG% @\% ;% JGAG?;>=eGP%=AP=C=PM;>% a;D% =\% EI;E% `;D% A@E% ;% L@AE?;P=LE=@A% =A% =EDG>\b% E@`;?PD% EIG%`@?>P_% .A%EI=D%@AG%C=G`D%EIG%?G>;E=@A%QGE`GGA%EIG%=AP=C=PM;>%;AP%EIG%`@?>P% ;D% H?=<;?=>N% ;A% &H45$&'#8#+4@,8! ?G>;E=@A_% $I=D% H?GDMHH@D=E=@A%DGG<D% E@% QG% ?GE;=AGP% =A% H@DE<@PG?A=DE% ;LL@MAED% ;>EI@MJI% @AG%G<HI;D=eGD% EIG% H>M?;>=EN% ;AP% EIG% P=\\G?GAE% H@D=E=@AD% @\% P=\\G?GAE%=AP=C=PM;>D_%

.A%!=EEJGADEG=AR%EIG?G%=D%;%I=AE%@\%;%DMJJGDE=@AR%`I=LI%=D%J=CGA%<@?G%G<HI;D=D%QN%<;AN%@\%I=D%\@>>@`G?DR%EI;E%`G%?;EIG?%?GJ;?P%EIG%?G>;E=@A%QGE`GGA% @M?DG>CGD% ;AP% EIG% `@?>P% ;D% ;%'#(,8! @AG_% $@% !=EEJGADEG=AR%>;AJM;JG%P@GD%A@E%H?=<;?=>N%I;CG%;A%GH=DEG<@>@J=L;>%LI;?;LEG?R%`@?PD%;?G% A@E% L@ALG=CGP% @\% ;D% ?GH?GDGAE=AJ% DE;EGD% @\% EIG%`@?>P_% .E% =D% ?;EIG?%GgH?GDD=CG% @\% @M?%<@?;>% ?G>;E=@ADI=HD%`=EI% @EIG?% HG@H>G_% *AG% @\% I=D%<@DE% =<H@?E;AE% L@AE?=QME=@AD% E@%HI=>@D@HIN% =D% EIG% ?G<=APG?% EI;E%`G%DI;?G%@M?%>=\G%`=EI%@EIG?%HG@H>G%;AP%EI;E%=E%=D%=A%EI=D%>=\G%EI;E%@M?%`@?PD%a;D%`G>>%;D%@M?%`@?>PDb%I;CG%<G;A=AJ_%*AG%@\%EIG%=AD=JIED%.%I;CG%E;SGA%\?@<% EIGDG%P=DLMDD=@AD%QN%I=<%;AP% EIG%HI=>@D@HIG?D%`@?S=AJ%`=EI=A%EI=D% E?;P=E=@A% aY;C=P% :@LSQM?AR% :@?;% Y=;<@APR% {>I;<% Y=><;AR%l;=<@AP% h;=E;R% Y_!_% ";<>NAR% ';?D% "G?EeQG?JR% Y_É_% OI=>>=HDR% lMDI%lIGGDR%OGEG?%!=ALIbR% =D% EI;E%`G%L;AA@E%J?@MAP%<@?;>=EN% =A%;ANEI=AJR%QME%AGGP%E@%;EEGAP%E@%EIG%`;ND%=E%=D%GgH?GDDGP%=A%@M?%?G;LE=@AD%E@%@EIG?%HG@H>G_%%

$IG% ;EEG<HE% E@% H?@C=PG% J?@MAPD% \@?% GCG?NEI=AJ% =A% @M?% >=\G% =D%H?@Q>G<;E=L% A@E% >G;DE% QGL;MDG% @M?% H?;LE=LGD% @\% J=C=AJ% J?@MAPD% @?%?G;D@AD%=EDG>\%H?GDMHH@DGD%;A%MAPG?DE;AP=AJ%@\%`I;E%<;N%L@MAE%;D%;%J@@P% ?G;D@A% \@?%P@=AJR% EI=AS=AJ%@?% \GG>=AJ% D@<GEI=AJ% =A%;%H;?E=LM>;?%L;DG_% $IG?G% =D% A@% ;PP=E=@A;>% J?@MAP%`G%<;N% @\\G?% \@?%`IN%`G% E;SG%EIGDG% EI=AJD% ;D% J?@MAPD_% .\% `G% E?N% P@=AJ% EI;E% `G% ;?GR% >G;A=AJ% @A%!=EEJGADEG=AR% E;S=AJ% EIG%`@?PD% V?G;D@ADX% ;AP% VJ?@MAPDX% @ME% @\% EIG%L=?LM<DE;ALGD% =A% `I=LI% EIGN% <;SG% DGADG% `=EI@ME% L>;?=\N=AJ% `I;E%DGADG% EIGN%;?G%DMHH@DGP% E@%I;CG% =A% EIGDG%AG`%L=?LM<DE;ALGD_%$@%MDG%EIG% D@<G`I;E% H?@Q>G<;E=L% ;A;>@JN% @\% >;AJM;JG% J;<GD%`G% I;CG% A@E%

"#$" 6 7 ' + # $ !

! !

B D G !

?GDH@APGP%E@%EIG%BMGDE=@A%@\%`I;E%S=AP%@\%<@CGD%MD=AJ%EIGDG%`@?PD%;?G%;AP%`I;E%S=AP%@\%J;<G%=E%=D%EI;E%`G%;?G%H>;N=AJ_%%

.% I;CG% L@AE=AM;>>N% G<HI;D=eGP% EIG% =APGEG?<=A;LN% @?% @HGAAGDD% @\%@M?% >=\G% ;AP% >;AJM;JG% `=EI% G<@E=@AD_% .% I;CG% H@=AEGP% @ME% EI;E%D@<GE=<GD%HI=>@D@HINR%@?%?;EIG?%`G%;D%HI=>@D@HIG?DR%AGGP%E@%DGEE>G%\@?%EIG%?G;>=e;E=@A%EI;E%EIG?G%<;N%QG%P=\\G?GALGD%=A%HG@H>GiD%?GDH@ADGD%EI;E%L;AA@E%QG%?GL@AL=>GP%=A%;%MA=E;?N%MAPG?DE;AP=AJ%QME%;?G%PMG%E@% EIG=?%P=\\G?GAE% ?GDH@ADGD% ;D% P=\\G?GAE% HG@H>G_% #% LI;AJG% =A% I@`% EIGN%MAPG?DE;AP%EI=AJD%=D%;%LI;AJG%=A%`I@%EIGN%;?G%;D%HG@H>G_%%

$I=D% G<HI;D=D% @A% P=\\G?GAE% ?GDH@ADGD% ;AP% MAPG?DE;AP=AJDR%I@`GCG?R%<;N%QG%<=D>G;P=AJ%=\%=E%>G;PD%@AG%E@%AGJ>GLE%EIG%=<H@?E;ALG%@\%DI;?GP%?G;LE=@AD%\@?%EIG%H@DD=Q=>=EN%@\%MAPG?DE;AP=AJ%@AGDG>\R%@EIG?%HG@H>GR% ;AP% EIG%`@?>P% =A% EIG% \=?DE%H>;LG_%&<HI;D=e=AJ% EI=D% \G;EM?G%@\%@M?%>=\G%=D%A@E%;%L;>>%\@?%?G>;E=C=D<%@?%;%L@<<=E<GAE%E@%EIG%=PG;%EI;E%`G%;?G% AGCG?% ;Q>G% E@% MAPG?DE;AP% G;LI% @EIG?_% &<@E=@AD% D@<GE=<GD% I;CG%EIG% H@`G?% @\% HM>>=AJ% MD% ;H;?E% QME% EIGN% ;?G% ;A% =<H@?E;AE% \;LE@?% =A%Q?=AJ=AJ%MD%E@JGEIG?_%$IGN%<;SG%H@DD=Q>G%;A%MAPG?DE;AP=AJ%@\%`I;E%=E%<G;AD%E@%>=CG%@M?%>=\G%E@JGEIG?%74$%!@EIG?%HG@H>G_%%

*M?% >=\G% `@M>P% A@E% QG% ;% IM<;A% >=\G% =\% `G% P=P% A@E% L;?G% @?% DI@`%L@ALG?A%\@?%@EIG?%HG@H>GR%=\%`G%P=P%A@E%?G;LE%E@%@EIG?%HG@H>GiD%;LE=@AD%;AP%?G;LE=@AD_%lGJ;?P=AJ%EIG%\=?DE%;D%V;LE=@ADX%=D%=EDG>\%GgH?GDD=CG%@\%;%?G;LE=@A% E@% @EIG?% HG@H>GR% P=DE=AJM=DI=AJ% EIG<% \?@<% V?@LSDXR% VE?GGDXR%V`;CGDX% @?% V<;LI=AGDX_% .\% `G% `G?G% A@E% ?GDH@AD=CG% E@% G;LI% @EIG?iD%D<=>GD% ;D% VL;?=AJXR% V>@C=AJXR% VL@ALG=EGPXR% VDGL?GE=CGXR% V<@LS=AJXR% =\%`G% P=P% A@E% ?GL@JA=eG% \?@`AD% ;D% VL@A\@MAPGPXR% VP=D;J?GG=AJXR%VDMDH=L=@MDXR%VDG?=@MDXR%=\%`G%`G?G%A@E%DGAD=E=CG%E@%DMQE>G%LI;AJGD%@\%C@=LGR%EIG%H>;N\M>AGDD%@?%`=LSGPAGDD%=A%D@<G@AGiD%GNGDR%`G%`@M>P%A@E%QG% @HGA% E@% EIG% ^@SGDR% =?@A=GDR% EIG% LI;EEG?% ;AP% Q;AEG?% @\% EIG%L@ACG?D;E=@AD%@\%@M?%>=\GR%QME%>@LSGP%=AE@%@M?%@`A%`@?>PD_cF5%.A%D;N=AJ%EI;E%;%>=\G%`I=LI%>;LSGP%EIGDG%\G;EM?GD%`@M>P%A@E%QG%;%IM<;A%>=\GR%.%;<%D;N=AJ%Q@EI%EI;E%DMLI%;%>=\G%`@M>P%A@E%QG%;%>=\G%EI;E%.%`@M>P%PGDL?=QG%;D%IM<;AR%=A%@EIG?%`@?PD%=E% =D%;%<@?;>%DE;EG<GAER%;AP%EI;E%EI=D%=D%I@`%.%MAPG?DE;AP%#0(!MDG%@\%EIG%L@ALGHE%VIM<;A%QG=AJX_%!=EI@ME%G<@E=@AD%`G% `@M>P% QG% EIG% S=AP% @\% ?;E=@A;>>N% LI@@D=AJ% =AP=C=PM;>D% EI;E%HI=>@D@HIN%a;AP%DL=GALGb%@\EGA%H?GDGAED%MD%;D%QG=AJ_%%

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%cF5% .%;<%=APGQEGP% E@%K;?S%";PP@AiD%"%&!G0(4#05!A-@4.&-$!#*! $%&!Y#+!4-!$%&!\4+%$9"4'&%a6FFmb%\@?%I=D%PGH=LE=@A%@\%EIG%MAPG?DE;AP=AJ%@\%;%Q@N%`=EI%#DHG?JG?iD%DNAP?@<G_%$IG%Q@@S%L@ACGND%;%H=LEM?G%@\% EIG%S=AP%@\%;E@<=D<%EI;E%@\EGA%LI;?;LEG?=eGD%HI=>@D@HINiD%DMQ^GLE_%%

"#$0 &* '( % + #$ ' ! ( )#7 % ! 6 #0 & !

!

B D ; !

*M?% G<@E=@A;>% ?G;LE=@AD% E@% G;LI% @EIG?R% EIMDR% ;?G% @\% ME<@DE%=<H@?E;ALG%\@?%@M?%@CG?;>>%MAPG?DE;AP=AJ%@\%@EIG?%HG@H>G_%K@?G%EI;A%EI;E%.%I;CG%`;AEGP%E@%Q?=AJ%@ME%I@`R%=A%EIG%HG?DHGLE=CG%@\%>=\G%EI;E%=D%>@CGR%@EIG?%HG@H>G%;?G%A@E%<G?G>N%HG@H>G%`=EI%`I@<%.%DI;?G%;%`@?>P_%$IGN%;?G%<N%`@?>P_%

%%

! !

!

!

)+)6+#3*(9.:!

)##1'!($-!(*%+"6&'!

#I<GPR% /;?;_% 6FFm_% .A% EIG% ,;<G% @\% '@CG_% "%&! G08$0(,8! V#84$4@5! #*!T'#$4#-_%&P=AQM?JI0%&P=AQM?JI%+A=CG?D=EN%O?GDDR%HH_%76647mc_%%

#=AD`@?EIR% K;?N% Y_% /;>EG?R% )>GI;?R% K;?N% :_R% !;EG?DR% &CG?GEER% !;>>R%/;>>N_% 7123_%V,$$&(-5! #*!U$$,@%'&-$e!U!V5)@%#8#+4@,8! P$0.)!#*! $%&!P$(,-+&!P4$0,$4#-_%"=>>DP;>GR%,_W_0%&?>Q;M<_&

#=?;SD=AGAR% $=<@_% 6FF7_% /,CC,0.&-! 3,-+4$e! *48#5#*454,! $0--05$0C54,_%"G>D=AS=0%*E;C;_%

#>;AGAR% '=>>=R% "G=AU<;;R% /;?;% ;AP% !;>>J?GAR% $I@<;DR% aGPDb_% 7112_%G#''#-,84$)! ,-.! V,($4@08,(4$)! 4-! T$%4@5_% "@MAP<=>>DR%);D=AJDE@SG0%K;L<=>>;A%O?GDD%'EP_%

#>QG?@A=R%T?;ALGDL@_%713c_%N,884-+!4-!Q#3&<!,G`%j@?S0%l;AP@<%"@MDG_%#ADL@<QGR% h_% &_%K_% 7125_% $IG% T=?DE% OG?D@A_% A-0% /;<MG>% hMEEGAH>;AR%

aGP_b_%:4-.!,-.!Q,-+0,+&_%*g\@?P0%:>;?GAP@A%O?GDDR%HH_%m5488_%#ADL@<QGR%h_%&_%K_%7121_%A-$&-$4#-_%*g\@?P0%);D=>%)>;LS`G>>_%#ADL@<QGR% h_&_K_% 7137_% K@PG?A% K@?;>% OI=>@D@HIN_% "%&! G#88&@$&.!

V%48#5#H%4@,8! V,H&(5! #*! f<T<:<! U-5@#'?&! r#80'&! AAAe! T$%4@56!

/&84+4#-!,-.!V#84$4@5_%*g\@?P0%);D=>%)>;LS`G>>R%HH_%684m6_%#?GAPER%";AA;I_%7151_%"%&!]0',-!G#-.4$4#-_%h;?PGA%:=ENR%,G`%j@?S0%

Y@MQ>GP;N_%#?=DE@E>G_%715m%v7175w_%T$%4@,!\4@#',@%&,_%A-e!!_Y_%l@DD%aGP_b%"%&!M#(C5!

#*!U(45$#$8&6!C@>M<G%.å_%*g\@?P0%*g\@?P%+A=CG?D=EN%O?GDD_!#?<DE?@AJR% W@IA_% 6FF6_%G#-.4$4#-5! #*! Q#3&e! "%&! V%48#5#H%)! #*! A-$4',@)_%

'@AP@A0%OGAJM=A%)@@SD_%#DIP@`AR% ';ALG_% 7115_% #QD@>MEG% /;\GEN_% V%48#5#H%4@,8! A-3&5$4+,$4#-56%

7306R%HH_%7864726_%#MPGAR% !_"_% 7111_% "&88! :&! $%&! "(0$%! U?#0$! Q#3&_% '@AP@AR% )@DE@A0%

T;QG?%;AP%T;QG?_%#MDEG?R%O;M>_%7133_%"%&!\&7!^#(C!"(48#+)_%'@AP@AR%)@DE@A0%T;QG?%;AP%

T;QG?_%%);LSDE?]<R% W@G>% @LI% $@??SM>>;R% h]?;A_% 6FF7_% :#(,8*48#5#*45C,! &55=&(_%

/E@LSI@><0%$I;>GD_%%);LSDE?]<R%W@G>_%6FF2_%"%&!N&,(!#*![H&--&55e!U-!T55,)!#-!N(4&-.5%4H!,-.!

$%&!/##$5!#*!:#(,84$)<!fQ@0%fQ@%#S;PG<=%+A=CG?D=EN%O?GDD_%

) + ) 6 + #3*( 9 . : !

!

B D < !

);=G?R% #AAGEEG_% 7112_% Y@=AJ% $I=AJD% !=EI% *EIG?D% =A% $IG% KGAE;>%:@<<@AD_% A-e% '=>>=% #>;AGAR% /;?;% "G=AU<;;% ;AP% $I@<;D%!;>>J?GAR% aGPDb_% G#''#-,84$)! ,-.! V,($4@08,(4$)! 4-! T$%4@5_%"@MAP<=>>DR%);D=AJDE@SG0%K;L<=>>;A%O?GDD%'EPR%HH_%754mm_%

);SG?R%l_%l@Q=A%;AP%)G>>=DR%K;?S_%#_%7115_%]0',-!PH&('!G#'H&$4$4#-e!G#H08,$4#-6!:,5$0(?,$4#-! ,-.! A-*4.&84$)<!'@AP@A0%:I;H<;A% ;AP%";>>_%

);SIE=AR%K=LI;=>_%7133_%Y&$!.4,8#+45C,!#(.&$_%h]EGQ@?J0%#AEI?@H@D_%);?;Q;DR% K;?=A;_% 7138_% $IG% /E?;AJGAGDD% @\% /@L?;EGD_% V%48#5#H%4@,8!

A-3&5$4+,$4#-56%106R%HH_%31477F_%PG%)G;MC@=?R%/=<@AG_%7117_%&gLG?HE%\?@<%$IG%/GL@AP%/Gg_%A-e%l@QG?E%:_%

/@>@<@AR% Ü% (;EI>GGA% K_% "=JJ=ADR% aGPDb_% "%&! V%48#5#H%)! #*!_T(#$4@b! Q#3&_% ';`?GALG0% +A=CG?D=EN% O?GDD% @\% (;AD;DR% HH_% 6cc46mF_%

)GAI;Q=QR% /GN>;_% 7116_% P4$0,$4-+! $%&! P&8*e! f&-.&(6! G#''0-4$)! ,-.!V#5$'#.&(-45'!4-!G#-$&'H#(,()!T$%4@5<%:;<Q?=PJG0%O@>=EN%O?GDD_%

)G?GAD@AR%T?;ALGD_%7117_%!I;E% .D% EI=D%$I=AJ%:;>>GP%'@CGZ%V%48#5#H%)R%880665R%HH_%85421_%

)G?JG?R% OGEG?_% 7183_% A-34$,$4#-! $#! P#@4#8#+)e! U! ]0',-45$4@! V&(5H&@$43&_%";?<@APD`@?EI0%OGAJM=A%)@@SD_%

)@MC?GDDGR% W;LBMGD_% 7115_% M4$$+&-5$&4-! /&,.5! N(&0._% O?=ALGE@A0%O?=ALGE@A%+A=CG?D=EN%O?GDD_%

)@`GAR%KM??;N_% 7123_%N,'48)! "%&(,H)! 4-! G84-4@,8! V(,@$4@&<!,G`%j@?S0%W;D@A%#?@AD@A_%

)@`>QNR% W@IA_% 718F_% h?=G\% ;AP% K@M?A=AJ% =A% .A\;ALN% ;AP% &;?>N%:I=>PI@@P_%V5)@%#,-,8)$4@!P$0.)!#*!$%&!G%48.6%75R%HH_%1456_%

)@`>QNR% W@IA_% 7181_% U$$,@%'&-$! ,-.! Q#55e! U$$,@%'&-$% aC@>_% 7b_% ,G`%j@?S0%);D=L%)@@SD_%%

)@`>QNR%W@IA_%712c_%U$$,@%'&-$!,-.!Q#55e!P&H,(,$4#-%aC@>_%6b_%,G`%j@?S0%);D=L%)@@SD_%

)@`>QNR%W@IA_%713F_%U$$,@%'&-$!,-.!Q#55e!Q#55%aC@>_%cb_%,G`%j@?S0%);D=L%)@@SD_%

)?GLIER%)G?E@>E_%7127_%f&5@%4@%$&-!3#'!]&((!1&0-&(<%T?;AS\M?E%;<%K;=A0%/MI?S;<H%-G?>;J_%

)?GAE;A@R% T?;Ae_% 712c_% V5)@%#8#+)! *(#'! ,-! T'H4(4@,8! P$,-.H#4-$<!'@AP@A0%l@ME>GPJG_%%

)MQG?R% K;?E=A_% 6FFm% v7153w_% A! ,-.! "%#0_% '@AP@AR% ,G`% j@?S0%:@AE=AMM<_%

:;>I@MAR%:IGDI=?G_% 713m_%:@JA=E=CG% &<@E=@ADZ% A-0% :IGDI=?G%:;>I@MA%;AP% l@QG?E% :_% /@>@<@AR% aGPDb_% M%,$! A5! ,-! T'#$4#-e! G8,554@!

,.( % ! , & ! % ( 6 1 ! ( ) # 7 % ! , . & $ ! , & ! % ( 6 1 ! ( ) # 7 % ! 6 # 0 & !

! !

B D B !

/&,.4-+5!4-!V%48#5#H%4@,8!V5)@%#8#+)_%,G`%j@?SR%*g\@?P0%*g\@?P%+A=CG?D=EN%O?GDDR%HH_%c624cm6_%%

:;CG>>R%/E;A>GN_%7128_%:05$!M&!:&,-!M%,$!M&!P,)Z%:;<Q?=PJGR%,G`%j@?SR%KG>Q@M?AG0%:;<Q?=PJG%+A=CG?D=EN%O?GDD_%

:;CG>>R%/E;A>GN_%7121_%"%&!G8,4'!#*!/&,5#-_%*g\@?P0%*g\@?P%+A=CG?D=EN%O?GDD_%

:;?CG?R%l;N<@AP_%7131_%M%,$!M&!",8C!U?#0$!7%&-!M&!",8C!U?#0$!Q#3&<%,G`%j@?S0%l;AP@<%"@MDG_%

:GSI@CR%#AE@A_%6FFc_%"%&!Y0&8_%,G`%j@?S0%$IG%K@PG?A%'=Q?;?N_%:@LSQM?A% Y;C=P_% 7133_% $IG% .PG;% @\% ;% OG?D@A% ;D% "G% .D% =A% "=<DG>\_%

V%48#5#H%4@,8!A-3&5$4+,$4#-5R%7707R%HH_%7c462_%:@LSQM?AR%Y;C=P_%7131_%:@<<=E<GAE%E@%OG?D@AD_%A-e%Y_É_%OI=>>=HD%;AP%

OGEG?% !=ALIR% aGPDb_% M4$$+&-5$&4-e! U$$&-$4#-! $#! V,($4@08,(5_%'@AP@A0%K;L<=>>;AR%HH_%2m417_%%

:@LSQM?AR% Y;C=P_% 7115_% lGDH@AD=Q=>=EN% ;AP% ,GLGDD=EN_% V%48#5#H%)R%2F062cR%HH_%mF14m62_%

:@LSQM?AR% Y;C=P_% 7112_% [$%&(! "4'&5_% :;<Q?=PJG0% :;<Q?=PJG%+A=CG?D=EN%O?GDD_%

:@LSQM?AR%Y;C=P_%6FF7_%A-$(#.0@$4#-!$#!$%&!V%48#5#H%)!#*!:4-._%'@AP@A0%O;>J?;CG_%%

:@LSQM?AR% Y;C=P_% 6FFc_% ';AJM;JGR% )G>=G\% ;AP% "M<;A% )G=AJD_% A-0!#AEI@AN%*i"G;?R% aGP_b_%:4-.5! ,-.!V&(5#-5_% al@N;>% .ADE=EMEG% @\%OI=>@D@HIN% /MHH>G<GAE0% 5cb_% :;<Q?=PJG0% :;<Q?=PJG%+A=CG?D=EN%O?GDD_%%

:@GEeGGR%W_K_%6FFc_%^#0$%_%'@AP@A0%l;AP@<%"@MDG_%:@A>@AR% W;<GD_% 7115_% !IN% '@CG?D% :;ArE% )G% T?=GAPD_% A-0% l@QG?E% K_%

/EG`;?ER%aGP_b_%V%48#5#H%4@,8!V&(5H&@$43&5!#-!P&L!,-.!Q#3&_%*g\@?P%;AP%,G`%j@?S0%*g\@?P%+A=CG?D=EN%O?GDDR%HH_%6154611_%%

:@@SR%W@IA%!_%7181_%"M<;A%)G=AJD_%A-0%OGEG?%!=ALIR%aGP_b_%P$0.4&5!4-!$%&! V%48#5#H%)! #*! M4$$+&-5$&4-_% '@AP@A0% l@ME>GPJG% ;AP% (GJ;A%O;M>%'EPR%HH_%7724757_%

YGDL;?EGDR%lGAd_%71c7_%Y45@#0(5&!#-!$%&!:&$%#.!#*!/4+%$8)!G#-.0@$4-+!$%&!/&,5#-_% A-e%V%48#5#H%4@,8!M#(C5! #-!Y&5@,($&56! 3#8<! A_% :;<Q?=PJG0%:;<Q?=PJG%+A=CG?D=EN%O?GDD_%%

YGDL;?EGDR% lGAd_% 7135_! "%&! V%48#5#H%4@,8! M(4$4-+5! #*! Y&5@,($&5<! r#8<! `_%:;<Q?=PJG0%:;<Q?=PJG%+A=CG?D=EN%O?GDD_%

Y=;<@APR% :@?;_% 7117;_% #ANEI=AJ% QME% #?JM<GAE_% "%&! /&,845$4@! PH4(4$e!M4$$+&-5$&4-6! V%48#5#H%)! ,-.! $%&!:4-._% :;<Q?=PJGR%K;DD_0% $IG%K.$%O?GDDR%HH_%6174cF3_%

) + ) 6 + #3*( 9 . : !

!

B D I !

Y=;<@APR%:@?;_% 7117Q_% &;E=AJ%KG;E% ;AP% &;E=AJ% OG@H>G_%"%&!/&,845$4@!PH4(4$e!M4$$+&-5$&4-6!V%48#5#H%)!,-.!$%&!:4-._%:;<Q?=PJGR%K;DD_0%$IG%K.$%O?GDDR%HH_%c714ccm_%

Y=;<@APR% :@?;_% 7117L_% K=DD=AJ% EIG% #PCGAEM?G0% lGH>N% E@% K;?EI;%,MDDQ;M<_%"%&!/&,845$4@!PH4(4$e!M4$$+&-5$&4-6!V%48#5#H%)!,-.! $%&!:4-._%:;<Q?=PJGR%K;DD_0%$IG%K.$%O?GDDR%HH_%cF14c73_%

Y=;<@APR% :@?;_% 7117P_% /GL@AP;?N% /GADG_% "%&! /&,845$4@! PH4(4$e!M4$$+&-5$&4-6! V%48#5#H%)! ,-.! $%&!:4-._% :;<Q?=PJGR%K;DD_0% $IG%K.$%O?GDDR%HH_%66546m6_%

Y=;<@APR% :@?;_% 7117G_% &EI=LDR% .<;J=A;E=@A% ;AP% EIG% KGEI@P% @\%!=EEJGADEG=AiD% $?;LE;EMD_% A-e! l=LI;?P% "G=A?=LI% ;AP% "G><MEI%-GEEG?R%aGPDb_%R48.&(!.&(!V%48#5#H%4&e!/&*8&L4#-&-!q?&(!.,5!R48.84@%&!0-.!.4&!V%,-$,54&_%!=GAR%K�ALIGA0%*>PGAQM?J%-G?>;JR%HH_% 5541F_%

Y=;<@APR% :@?;_% 6FF6_% !I;E% =\% å% .DArE% EIG% ,M<QG?% @\% /IGGHZ%!=EEJGADEG=A%;AP%$I@MJIE4&gHG?=<GAED%=A%&EI=LD_%V%48#5#H%4@,8!V,H&(5R%c70cR%HH_%662465F%%

Y=;<@APR% :@?;_% % 6FF5_% !=EEJGADEG=A% @A% lG>=J=@MD% )G>=G\0% $IG% hM>\D%)GE`GGA%+D_% A-%Y_É_% OI=>>=HD% ;AP%K;?=@% C@A% PG?% lMI?R% aGPDb_%/&84+4#-! ,-.! M4$$+&-5$&4-W5! Q&+,@)_% #>PG?DI@ER% )M?>=AJI;<0%#DIJ;EGR%HH_%1147c2_%

Y=><;AR% {>I;<_% 7132_% Q#3&! ,-.! ]0',-! P&H,(,$&-&55_% *g\@?P0% );D=>%)>;LS`G>>_%

Y=><;AR%{>I;<_%7117_%/;?E?G%;AP%*M?%.PGAE=EN%;D%.AP=C=PM;>D_%A-e%Y;C=P%:@LSQM?AR% % aGP_b_% ]0',-! R&4-+5_% :;<Q?=PJG0% :;<Q?=PJG%+A=CG?D=EN%O?GDDR%HH_%6m5468m_%

Y=><;AR% {>I;<_% 7116_% V%48#5#H%)! ,-.! $%&! V%48#5#H%4@! Q4*&<% '@AP@A0%K;L<=>>;A%'EP_%

Y=><;AR% {>I;<_% 711c_% TL45$&-$4,845$! G(4$420&5! #*! G,($&54,-45'_% ';AI;<R%KY_0%);?AGD%Ü%,@Q>G_%%

Y=><;AR% {>I;<_% 7113;_% Q,-+0,+&! ,-.! /&,84$)e! :#.&(-! V&(5H&@$43&5! #-!M4$$+&-5$&4-_%'GMCGA0%OGGEG?D_%

Y=><;AR% {>I;<_% 7113Q_% Q#3&e! A$5! N#('56! Y4'&-54#-5! ,-.! V,(,.#L&5_%'@AP@A0%K;L<=>>;A%O?GDD%'EP_%%

Y@DE@GCDSNR% TN@P@?_% 71m1_% "%&! R(#$%&(5! 1,(,',S#3_% ,G`% j@?S0% $IG%"G?=E;JG%O?GDD_%%

YMH?dR% W@IA_% 7137_% ,;EM?;>% (=APD% ;AP% )=@>@J=L;>% $;g;_% "%&!V%48#5#H%4@,8!/&34&7R%-@>_%1FR%.DDMG%7R%HH_%8841F_%

&>=@ER%hG@?JG_%711m_%:4..8&',(@I_%'@AP@A0%OGAJM=A%)@@SD_%T?;AS\M?ER% ";??N_% 7127_% T?GGP@<% @\% EIG% !=>>% ;AP% EIG% :@ALGHE% @\% ;%

OG?D@A_%B#0(-,8!#*!V%48#5#H%)R%8307R%HH_%546F_%%

,.( % ! , & ! % ( 6 1 ! ( ) # 7 % ! , . & $ ! , & ! % ( 6 1 ! ( ) # 7 % ! 6 # 0 & !

! !

B D C !

T?;AS\M?ER%";??N%h_%6FFm_%"%&!/&,5#-5!*#(!Q#3&_%O?=ALGE@A%;AP%*g\@?P0%O?=ALGE@A%+A=CG?D=EN%O?GDD_%

T?=GP<;AR%K;?=>NA_%6FF5_%#ME@A@<NR%/@L=;>%Y=D?MHE=@AR%;AP%!@<GA_%A-e% #AA% &_% :MPP% ;AP% l@Q=A% *_% #AP?G;D@AR% aGPDb_% N&'4-45$!"%&#()e! U! V%48#5#H%4@,8! U-$%#8#+)_% K;>PGAR% *g\@?PR% -=LE@?=;0%)>;LS`G>>%OMQ>=DI=AJR%HH_%cc14c57_%%

TM?QG?JR%K;ED_%7113_%Y0_%/E@LSI@><0%)@S\]?>;JGE%$I;>GD_%h;P;<G?R% ";AD4hG@?J_% 7118_% Y&(! U-*,-+! .&(! V%48#5#H%4&_% /EMEEJ;?E0%

lGL>;<_%h;=E;R% l;=<@AP_% 7117_% l;P=L;>% :?=E=BMGR% /LGHE=L=D<% ;AP%

:@<<@ADGADG_% A-e% Y;C=P% :@LSQM?AR% % aGP_b_% ]0',-! R&4-+5_%:;<Q?=PJGR% ,G`% j@?SR% KG>Q@M?AG0% :;<Q?=PJG% +A=CG?D=EN%O?GDDR%HH_%7524726_%

h;=E;R% l;=<@AP_% 7111_% U! G#''#-! ]0',-4$)e! "%4-C4-+! ,?#0$! Q#3&! l!"(0$%!l!B05$4@&_%KG>Q@M?AG0%$GgE%OMQ>=DI=AJ_%%

h;=E;R% l;=<@AP_% 6FFm_%f##.! ,-.! T348e! U-!U?5#80$&! G#-@&H$4#-% aDGL@AP%GP=E=@Ab_%'@AP@AR%,G`%j@?S0%l@ME>GPJG_%%

h;>>=GR% !_)_% % 7186_% &DDGAE=;>>N% :@AEGDEGP% :@ALGHED_% A-e% K;g% )>;LSR%aGP_b_% "%&! A'H#($,-@&! #*! Q,-+0,+&_% &AJ>G`@@P% :>=\\DR% ,W0%O?GAE=LG4";>>R%HH_%76747m8%

h;AJGDE;PR% /EGCGA% !_R% $I@?AI=>>% l;APN% 7112_% $IG% &C@>ME=@A;?N%ODNLI@>@JN% *\% &gE?;H;=?% /Gg0% $IG% l@>G% *\% T>MLEM;E=AJ%#DN<<GE?N_%T3#80$4#-!l!]0',-!R&%,34#(R%7306R%HH_%81433_%

h=Q?;AR%(;I>=>%7113_%"%&!V(#H%&$_%*g\@?P0%*AG`@?>P%OMQ>=L;E=@AD_%h=PPGADR%#AEI@AN_%7116_%"%&!"(,-5*#(',$4#-!#*!A-$4',@)e!P&L0,84$)6!Q#3&!

,-.!T(#$4@45'!4-!:#.&(-!P#@4&$4&5_%/E;A\@?P0%/E;A\@?P%+A=CG?D=EN%O?GDD_%

h?;NR%W@IA%7116_%:&-!U(&!*(#'!:,(56!M#'&-!U(&!*(#'!r&-05e!U!V(,@$4@,8!f04.&! *#(! A'H(#34-+!G#''0-4@,$4#-!,-.!f&$$4-+!7%,$!^#0!M,-$!4-!^#0(!/&8,$4#-5%4H5<%,G`%j@?S0%";?HG?%:@>>=AD_%%

h?=\\=EIDR% O;M>% &_% 7112_%M%,$! T'#$4#-5! /&,88)! U(&<% :I=L;J@0% :I=L;J@%+A=CG?D=EN%O?GDD_%

h?=<DI;`R%WG;A_%6FF5_%#ME@A@<N%;AP%.PGAE=EN% =A%TG<=A=DE%$I=AS=AJ_%A-e% #AA% &_% :MPP% ;AP% l@Q=A% *_% #AP?G;D@AR% aGPDb_% N&'4-45$!"%&#()e! U! V%48#5#H%4@,8! U-$%#8#+)_% K;>PGAR% *g\@?PR% -=LE@?=;0%)>;LS`G>>%OMQ>=DI=AJR%HH_%c614cc3_%

";LSG?R% OGEG?% K_% /_% 6FFm_% $IG% :@ALGHEM;>% T?;<G`@?S% \@?% EIG%.ACGDE=J;E=@A% @\% &<@E=@AD_% A-$&(-,$4#-,8! /&34&7! #*! V5)@%4,$()6%780cR%HH_%71146F3_%

";LS=AJR% .;A_% 7117;_% #% $?;P=E=@A% @\% ,;EM?;>% (=APD_% V%48#5#H%4@,8!P$0.4&56%870746R%HH_%7F14768%

) + ) 6 + #3*( 9 . : !

!

B D = !

";LS=AJR%.;A_%7117Q_%*A%)@NP_%V%48#5#H%4@,8!P$0.4&56%870746R%HH_%7m1475m_%";LS=AJR% .;A_% 7115_%:08$4H8&! V&(5#-,84$)! ,-.! $%&! P@4&-@&5! #*! :&'#().%

O?=ALGE@AR%,_W_0%O?=ALGE@A%+A=CG?D=EN%O?GDD_%";PP@AR%K;?S_%6FFm_%"%&!G0(4#05!A-@4.&-$!#*!$%&!Y#+!4-!$%&!\4+%$9"4'&<%

'@AP@A0%l;AP@<%"@MDG_%";>>R% l@A;>P% '_% 6FFF_% "%&! ]0',-! T'?(,@&_% OGAADN>C;A=;0% $IG%

OGAADN>C;A=;%/E;EG%+A=CG?D=EN_%";<=>E@AR% l=LI;?P_% 6FF5_%M%,$! M&! ",8C! U?#0$! M%&-! M&! ",8C! U?#0$!

Q#3&_%OI_Y_%EIGD=D_%)=?SQGLSR%+A=CG?D=EN%@\%'@AP@A_%";<>NAR% Y_% !_% 713c_% V&(@&H$4#-6! Q&,(-4-+! ,-.! $%&! P&8*<% '@AP@AR%

KG>Q@M?AG%;AP%"GA>GN0%l@ME>GPJG%Ü%(GJ;A%O;M>_%%";ADGAR%WGAA=\G?%'_%6FF5_%!?=EEGA%@A%EIG%)@PNR%!?=EEGA%QN%EIG%/GADGD_%

V%48#5#H%)!,-.!Q4$&(,$0(&6!6106R%HH_%c854c23<!";e;AR% :=APN% ;AP% /I;CG?R% OI=>>=H_% 7132_% l@<;AE=L% '@CG%

:@ALGHEM;>=eGP%;D%;A%#EE;LI<GAE%O?@LGDD_%B#0(-,8!#*!V&(5#-,84$)!,-.!P#@4,8!V5)@%#8#+)6%56R%HH_%577456m_%%

"G=PGJJG?R%K;?E=A_% 7186_%R&4-+! ,-.!"4'&_%K;>PGAR%*g\@?P0% )>;LS`G>>%OMQ>=DI=AJ_%

"GAP?=gR%";?C=>>G_%7116_%1&&H4-+!$%&!Q#3&!^#0!N4-._%,G`%j@?S0%O@LSGE%)@@SD_%%

"GAP?=gR%";?C=>>G_%6FF5_%f&$$4-+!$%&!Q#3&!^#0!M,-$e!U!f04.&!*#(!G#0H8&5_%,G`%j@?S0%O@LSGE%)@@SD_%

"G?EeQG?JR% ';?D_% 711m_% "%&! Q4'4$5! #*! TLH&(4&-@&<% "G>D=AS=0% #LE;%OI=>@D@HI=L;%TGAA=L;_%%

"G?EeQG?JR% ';?D_% 7115_% *A% )G=AJ% K@CGP% QN% YGD=?G_% V%48#5#H%4@,8!A-3&5$4+,$4#-5R%730cR%HH_%65F468c%

"G?EeQG?JR% ';?D_% 7112_% -@=LGD% @\% EIG% !=>>_% A-e% '=>>=% #>;AGAR% /;?;%"G=AU<;;% ;AP% $I@<;D% !;>>J?GAR% aGPDb_% G#''#-,84$)! ,-.!V,($4@08,(4$)! 4-! T$%4@5_% "@MAP<=>>DR% );D=AJDE@SG0% K;L<=>>;A%O?GDD%'EPR%HH_%2541m_%

"G?EeQG?JR%';?D_% 6FF6_%*A%)G=AJ%,G=JIQ@M?>N_%A-e% W@IA%"_%!I=EE;SG?R%aGP_b_% "%&! V#554?484$4&5! #*! P&-5&_% );D=AJDE@SG% ;AP% ,G`% j@?S0%O;>J?;CGR%HH_%6m4c3_%

"G?EeQG?JR% ';?D_% 6FFm_% *A% #GDEIGE=L% lG;LE=@AD% ;AP% :I;AJ=AJ% *AGrD%K=AP_% A-e% OGEG?% 'G`=DR% aGP_b_% M4$$+&-5$&4-6! U&5$%&$4@5! ,-.!V%48#5#H%)<%#>PG?DI@ER%)M?>=AJI;<0%#DIJ;EGR%HH_%1547F8_%

"G?EeQG?JR%';?D_%6FF5_%K;S=AJ%#%Y=\\G?GALG%;AP%:I;AJ=AJ%EIG%!@?>P%v@A>=AGw_%v#LLGDDGP%61EI%WMAG%6FF2w_%#C;=>;Q>G%\?@<%!@?>P%!=PG%!GQ0%çIEEH0ss```_;Q@_\=s\;SsI\s\=>@D@\=s/E;\\s>IG?EeQGs$GgEsP=\\G?GALG_HP\é%%

,.( % ! , & ! % ( 6 1 ! ( ) # 7 % ! , . & $ ! , & ! % ( 6 1 ! ( ) # 7 % ! 6 # 0 & !

! !

B D H !

"G?EeQG?JR% ';?D_% 6FF2;_% $IG% .<H@?E;ALG% @\% )G=AJ% $I@MJIE\M>_% A-e%Y;A=è>G%K@N;>4/I;??@LSR%aGP_b_!V&(5H4@0#05!V(&5&-$,$4#-5e!T55,)5!#-! M4$$+&-5$&4-g5! V%48#5#H%)! #*! V5)@%#8#+)<% '@AP@A0% O;>J?;CGR%HH_%5F42m_%

"@>>;APR% l_T_% 713F_% /M=L=PG_% U+,4-5$! T'H4(4@45'e! [-! T.0@,$4#-6!TH45$&'#8#+)!,-.!r,80&<!*g\@?P0%)>;LS`G>>R%HH_%7mc4752_%

"@><QG?JR%:;?=A_%7115_%Y&$!C,88,5!C=(8&C<%/E@LSI@><0%K[AH@LSGE_%I@@SDR%QG>>_%6FFF_%U88!U?#0$!Q#3&e!\&7!r454#-5<%,G`%j@?S0%OG?GAA=;>_%"@?AQNR%,=LS_%6FFF_%U?#0$!,!R#)_%'@AP@A0%OGAJM=A%)@@SD_%"M<GR%Y;C=P_%7123%v7333w_%U!"(&,$45&!#*!]0',-!\,$0(&_%*g\@?P0%*g\@?P%

+A=CG?D=EN%O?GDD_%"MAEG?R% W_T_K_% 711F_%M4$$+&-5$&4-! #-!M#(.5! ,5! A-5$(0'&-$5e! Q&55#-5! 4-!

V%48#5#H%4@,8! V5)@%#8#+)<% &P=AQM?JI0% &P=AQM?JI% +A=CG?D=EN%O?GDD_%

"MDECGPER%/=?=_%6FFc_%M%,$!A!Q#3&.<%'@AP@A0%"@PPG?%;AP%/E@MJIE@A_%"MELI=AD@AR% OI=>_% 6FF3_% P%,'&! ,-.! V%48#5#H%)e! U-! A-3&5$4+,$4#-! 4-! $%&!

V%48#5#H%)! #*! T'#$4#-5! ,-.! T$%4@5<% );D=AJDE@SG0% O;>J?;CG%K;L<=>>;A_%

"MELI=AD@AR% OI=>% ;AP% lG;PR% lMHG?E_% 6FF5_% !I@DG% !=EEJGADEG=AZ%lGC=G`% GDD;N% @\% h_% );SG?R% !=EEJGADEG=ArD% <GEI@PR% Y_% /EG?AR%!=EEJGADEG=ArD% OI=>@D@HI=L;>% .ACGDE=J;E=@ADR% ._% Y=><;AR%!=EEJGADEG=ArD% :@HG?A=L;A% lGC@>ME=@A% Ü% O_% ";LSG?%!=EEJGADEG=Ae%:@AAGLE=@AD%;AP%:@AE?@CG?D=GD_%V%48#5#H%)6!3F0cR%HH_%mc64m55_%

"MELI=AD@AR% OI=>% ;AP% lG;PR% lMHG?E_% 6FF3_! $@`;?P% ;% OG?DH=LM@MD%O?GDGAE;E=@A% @\% VOG?DH=LM@MD% O?GDGAE;E=@AX_! V%48#5#H%4@,8!A-3&5$4+,$4#-56%c706R%HH_%7m7478F_%

.?=J;?;NR%'MLG_%7135_%$I=D%/Gg%!I=LI%.D%,@E%*AG_%"%45!P&L!M%4@%!A5!\#$![-&_%.EI;L;%a,_j_b0%:@?AG>>%+A=CG?D=EN%O?GDDR%HH_%6c4cc_%

.?=J;?;NR%'MLG_%6FFm_%$IG%!GPP=AJ%)GE`GGA%)@PN%;AP%';AJM;JG_% A-e%'MLG% .?=J;?;NR% aGP_b_% 1&)! M(4$4-+5<% '@AP@AR% ,G`% j@?S0%:@AE=AMM<R%HH_%7c466_%

W;<GDR%!=>>=;<_%733m_%!I;E%.D%;A%&<@E=@AZ%:4-.6!10cmR%HH_%73346F5%W;ADD@AR%$@CG_%7115_%",8&5!*(#'!:##'4-3,88&)_%,G`%j@?S0%T;??;?%/E?;MD%

h=?@Mg_%(GAANR%#AEI@AN_%718c_%U@$4#-6!T'#$4#-!,-.!M488_%'@AP@An%,G`%j@?S0%

l@ME>GPJG%;AP%(GJ;A%O;M>n%"M<;A=E=GD%O?GDD_%(GAANR%#AEI@AN_% 7121_%$IG%T=?DE%OG?D@A_% A-e%:@?;%Y=;<@AP%Ü% WGAAN%

$G=LI<;AR% aGPDb_% A-$&-$4#-! ,-.! A-$&-$4#-,84$)_% )?=JIE@A0%";?CGDEG?%O?GDD%'EPR%HH_%c47m_%

) + ) 6 + #3*( 9 . : !

!

B D @ !

(=G?SGJ;;?PR% /Ç?GA_% 7158_% V0(4$)! #*! ]&,($! 45! $#!M488! [-&! "%4-+_% ,G`%j@?S0%";?HG?%Ü%l@`%OMQ>=DIG?D_%

(=G?SGJ;;?PR%/Ç?GA_%718m_%M#(C5!#*!Q#3&_%,G`%j@?S0%";?HG?%;AP%l@`%OMQ>=DIG?D_%

(=G?SGJ;;?PR% /Ç?GA_% 6FF3_% N&,(! ,-.! "(&'?84-+<% l;P\@?P0% !=>PG?%OMQ>=L;E=@AD_%%

(?=DEGC;R% WM>=;_% 7122_% U?#0$! G%4-&5&! M#'&-_% ,G`% j@?SR% '@AP@A0%K;?=@A%)@N;?D_%

(MAPG?;R% K=>;A_% 713m_% "%&! v-?&,(,?8&! Q4+%$-&55! #*! R&4-+_% ,G`% j@?S0%";?HG?%Ü%l@`%OMQ>=DIG?D_%

';AP;MR% .PP@_% 6FFm_% #A% #?JM<GAE% \@?% K;??=;JG_% V%48#5#H%)6% 21R% HH_%m254m37_%

';AJGR% :_% h_% 7335_% ['! 54-.5?&3,&+&85&(e! &$! H5)C#9*)54#8#+45C! 5$0.4&_%(^ÇQGAI;CA0%W;LMQ%'MAPD%

'G;?R% W@A;EI;A_% 7113_% Q#3&! ,-.! A$5! V8,@&! 4-! \,$0(&e! U! V%48#5#H%4@,8!A-$&(H(&$,$4#-! #*! N(&0.4,-! V5)@%#,-,8)545_% ,G`% ";CGA0% j;>G%+A=CG?D=EN%O?GDD_%

'G;?R% W@A;EI;A_% 6FFc_% "%&(,H&0$4@! U@$4#-e! U-! T,(-&5$! V8&,! *#(! A(#-)_%'@AP@AR%,G`%j@?S0%(;?A;L_%

'GC=R%O?=<@_%6FFF_%A*!"%45!A5!,!:,-<%'@AP@A0%&CG?N<;AiD%'=Q?;?N_%'dC=A;DR% &<<;AMG>_% 7135_% T$%4@5! ,-.! A-*4-4$)<! G#-3&(5,$4#-5! 74$%!

V%484HH&!\&'#<%O=EEDQM?JI0%YMBMGDAG%+A=CG?D=EN%O?GDD_%'dC=A;DR% &<<;AMG>_% 7138_% $IG% $?;LG% @\% EIG% *EIG?_% A-e% K;?S% $;N>@?%

aGP_bR!Y&@#-5$(0@$4#-!4-!G#-$&L$_%:I=L;J@R%+A=CG?D=EN%@\%:I=L;J@%O?GDDR%cm54c51_%%

'G`=DR% :_% /_% 718F_% "%&! N#0(! Q#3&5<% ,G`% j@?S0% ";?L@M?E% )?;LG% Ü%:@<H;AN_%%

'@LSGR%W@IA_%7125_%U-!T55,)!G#-@&(-4-+!]0',-!v-.&(5$,-.4-+_%*g\@?P0%:>;?GAP@A%O?GDD_%

'@C=Q@APR%/;Q=A;_%6FF6_%T$%4@,8!N#(',$4#-<!:;<Q?=PJGR%K;DD;LIMDDGED0%";?C;?P%+A=CG?D=EN%O?GDD_%

'MI<;AAR% ,=S>;D_% 7113_% Q#3&! ,5! V,554#-e! "%&! G#.4*4@,$4#-! #*! A-$4',@)_%/E;A\@?P0%/E;A\@?P%+A=CG?D=EN%O?GDD_%

'N@ADR% !=>>=;<_% 713F;_% T'#$4#-_% :;<Q?=PJG0% :;<Q?=PJG% +A=CG?D=EN%O?GDD_%

'N@ADR%!=>>=;<_%713FQ_%f48?&($!/)8&e!U-! A-$(#.0@$4#-! $#!]45!V%48#5#H%)_%)?=JIE@A0%$IG%";?CGDEG?%O?GDD%'EP_%

'ÇJDE?MHR% (AMP% &^>G?_% 7116_%Y&$! T$45C,! 1(,3&$<% h]EGQ@?J0% )@S\]?>;JGE%Y;=P;>@D_%

'ÇJDE?MHR% (AMP% &^>G?_% 7112_% "%&! T$%4@,8! Y&',-.<% ,@E?G% Y;<G% ;AP%'@AP@A0%+A=CG?D=EN%@\%,@E?G%Y;<G%O?GDD_%%

,.( % ! , & ! % ( 6 1 ! ( ) # 7 % ! , . & $ ! , & ! % ( 6 1 ! ( ) # 7 % ! 6 # 0 & !

! !

B < G !

K;>L@><R%,@?<;A_%7122_%!=EEJGADEG=A%@A%EIG%,;EM?G%@\%K=AP_%"%#0+%$!,-.!1-#78&.+&_%.EI;L;R%,_j_0%:@?AG>>%+A=CG?D=EN%O?GDDR%HH_%7cc4753_%

K;>L@><R% ,@?<;A_% 7121_% !IGEIG?% r.r% =D% ;% lG\G??=AJ% &gH?GDD=@A_% A-e!:@?;% Y=;<@AP% Ü% WGAAN% $G=LI<;AR% aGPDb_% A-$&-$4#-! ,-.!A-$&-$4#-,84$)_%)?=JIE@A0%";?CGDEG?%O?GDD%'EPR%HH_%7546m_%

K;?E=ADD@AR% 'GA;_% 7112_% f&'&-5,'',! 843e! #'! Cx-6! C=(8&C! #@%! 8=-+$,-_%/E@LSI@><0%:;?>DD@A_%

KLY@`G>>R% W@IA%"GA?N_% 7113_% $`@% /@?ED% @\%,;EM?;>=D<_%:4-.6! r,80&!,-.!/&,84$)_%'@AP@A0%";?C;?P%+A=CG?D=EN%O?GDDR%HH_%7824712_%

KLY@`G>>R% W@IA%"GA?N_% 6FF6_%!=EEJGADEG=A% @A% T@>>@`=AJ% ;% lM>G_% A-e%#>Gg;APG?%K=>>G?%;AP%:?=DH=A%!?=JIER%aGPDb_%/08&9N#88#74-+!,-.!:&,-4-+_%'@AP@A0%#LM<GA_%

KL&;LI?;AGR%K=LI;G>_% 6FF8_% N#(! P&-$4'&-$,8! /&,5#-5e! A-3&5$4+,$4#-5! 4-!$%&! V%48#5#H%)! #*! V5)@%#8#+)_% OI_Y_% EIGD=D_% fQ@% #S;PG<=%+A=CG?D=EN_%

KLK=>>;AR% :;?@>_% 713m_% M#',-6! /&,5#-! ,-.! \,$0(&<% *g\@?P0% );D=>%)>;LS`G>>_%

K@>>G?R%Y;A_%6FFc_%#A%#?JM<GAE%#J;=ADE%K;??=;JG_%V%48#5#H%)6%23R%HH_%21417_%

PG%K@AE;=JAGR% K=LIG>_% 731m_% "%&! T55,)5! #*!:4@%&8! Q#(.! #*! :#-$,4+-&_%'@AP@A0%l@ME>GPJG%;AP%/@AD%'EP_%%

K@?J;AR%(;EI?NA%O;M>N_%7132_%!@<GA%;AP%K@?;>%K;PAGDD_%A-e%K;?L=;%";AGA% ;AP% (;=% ,=G>DGAR% aGPDb_% P@4&-@&6!:#(,84$)6! ,-.! N&'4-45$!"%&#()_% a:;A;P=;A% W@M?A;>% @\% OI=>@D@HIN% DMHH>G<GAE;?N%C@>M<G%7c_b%:;>J;?N0%+A=CG?D=EN%@\%:;>J;?N%O?GDDR%HH_%6F74668_%

K@EEM?=R% #>GSD;APG?_% 6FFc_% N48#5#*4! 34.! 'x(C(&$5! %J=($,<! M4$$+&-5$&4-6!N(,5&(!#@%!348.,(-,_%h]EGQ@?J0%h>UAE;_%%

KM>I;>>R%/EGHIGA_%7112_%:;A%$IG?G%)G%;A%&H=DEG<@>@JN%@\%K@@PDZ%A-e%#AEI@AN% *r"G;?R% aGP_b_% r&(5$&%&-! ,-.! ]0',-&! v-.&(5$,-.4-+<%a$IG% 711548% l@N;>% .ADE=EMEG% @\% OI=>@D@HIN% 'GLEM?GD_b%:;<Q?=PJGR% '@AP@AR% ,G`% j@?SR% ,G`% l@LIG>>GR% KG>Q@M?AGR%/NPAGN0%:;<Q?=PJG%+A=CG?D=EN%O?GDDR%HH_%717467F_%

KM?P@LIR% .?=D_% 7112_%TL45$&-$4,845$5! ,-.!:)5$4@5e!M(4$4-+5! #-!V%48#5#H%)!,-.! Q4$&(,$0(&_% OGEG?% W% :@A?;P=R% aGP_b_% '@AP@A0% :I;EE@% Ü%!=APMD_%%

,;JG>R% $I@<;D_% 7121_% K@?;>% 'MLS_% :#($,8! m0&5$4#-5_% :;<Q?=PJG0%:;<Q?=PJG%+A=CG?D=EN%O?GDDR%HH_%6m4c3_%

,GMR% WG?@<G_% 6FFF_% U! "&,(! A5! ,-! A-$&88&@$0,8! "%4-+e! "%&! :&,-4-+5! #*!T'#$4#-_%*g\@?P0%*g\@?P%+A=CG?D=EN%O?GDD_%

) + ) 6 + #3*( 9 . : !

!

B < ; !

,@e=LSR%l@QG?E_%7117_%'@CGiD%)@AP_%A-e%l@QG?E%:_%/@>@<@A%Ü%(;EI>GGA%K_% "=JJ=ADR% aGPDb_% "%&! V%48#5#H%)! #*! _T(#$4@b! Q#3&_% ';`?GALG0%+A=CG?D=EN%O?GDD%@\%(;AD;DR%HH_%m724mc6_%

,MDDQ;M<R% K;?EI;% :_% 7138_% "%&! N(,+484$)! #*! f##.-&55_% :;<Q?=PJGR%'@AP@AR% ,G`% j@?SR% ,G`% l@LIG>>GR% KG>Q@M?AGR% /NPAGN0%:;<Q?=PJG%+A=CG?D=EN%O?GDD_%

,MDDQ;M<R% K;?EI;% :_% 711F_% Q#3&W5! 1-#78&.+&_% ,G`% j@?SR% *g\@?P0%*g\@?P%+A=CG?D=EN%O?GDD_%

,MDDQ;M<R%K;?EI;%:_%711m_%"%&!"%&(,H)!#*!Y&54(&e!"%&#()!,-.!V(,@$4@&!4-!]&88&-45$4@!T$%4@5_%O?=ALGE@A0%O?=ALGE@A%+A=CG?D=EN%O?GDD_%%

,MDDQ;M<R% K;?EI;% :_% 6FF7_%vH%&,3,85! #*! "%#0+%$e! "%&! A-$&884+&-@&! #*!T'#$4#-5_%:;<Q?=PJG0%:;<Q?=PJG%+A=CG?D=EN%O?GDD_%%

,NJ?GAR% #APG?D_% 715c_% U+,H&! ,-.! T(#5_% OI=>;PG>HI=;0% !GDE<=ADEG?%O?GDD_%

,NSUAGAR% ";AAGD_% 6FF6_% "%&! cAW! $%&! c^#0W! ,-.! $%&! P#08e! U-! T$%4@5! #*!G#-5@4&-@&_%fQ@0%fQ@%#S;PG<=%+A=CG?D=EN%O?GDD_%%

*DQ@?AGR% :;EIG?=AG_% 7118;_% T(#5! v-3&48&.e! V8,$#! ,-.! $%&! f#.! #*! Q#3&_%*g\@?P0%:>;?GAP@A_%

*DQ@?AGR%:;EIG?=AG_%7118Q_%'@CGiD%)=EEG?%T?M=ED0%K;?EI;%:_%,MDDQ;M<%$IG% $IG?;HN% @\% YGD=?G0% $IG@?N% ;AP% O?;LE=LG% =A% "G>>GA=DE=L%&EI=LD_%V%48#5#H%4@,8!A-3&5$4+,$4#-5R%710mR%HH_%c734c63_%%

O;DL;>R% T;A=;_% 7121_% !=EEJGADEG=A0% #% OG?D@A;>% KG<@=?_% A-e! :_h_%'MLSI;?PER% aGP_b_%M4$$+&-5$&4-e! P#0(@&5! ,-.! V&(5H&@$43&5_% .EI;L;R%,G`%j@?S0%:@?AG>>%+A=CG?D=EN%O?GDDR%HH_%6c48F_%

OG?=A;R% (;^;_% 6FFm_%K;S=AJ% '@CGiD% T=?DE% )>MDI% '=AJG?% @A_% V5)@%#8#+)!"#.,)%*LE@QG?R%HH_%c345F_%

OI=>>=HDR% Y_É_% 7136_% /@<G% '=<=ED% E@% K@?;>% &APG;C@?_% "%(#0+%! ,!Y,(C&-4-+!f8,55<%,@E?G%Y;<Ge!+A=CG?D=EN%@\%,@E?G%Y;<G%O?GDDR%HH_%cF45F_%

OI=>>=HDR%Y_É_%7116_%"@`%'MLSN%:;A%j@M%hGEZ% A-$&(3&-$4#-5! 4-!T$%4@5_%'@AP@A0%K;L<=>>;AR%HH_%72346F6_%

O=AGDR%#N;>;%K;>;LI_% 7111_%N,884-+! 4-! Q#3&e!M%)!M&!G%##5&! $%&! Q#3&(5!M&!G%##5&_%,G`%j@?S0%l@ME>GPJG_%

O>;E@_% 715c;_%T0$%)H%(#_% A-e%";?@>P%,@?EI%T@`>G?R% aGP_b_%V8,$#!74$%! ,-!T-+845%!$(,-58,$4#-e!Ay!T0$%)H%(#y!UH#8#+)y!G(4$#y!V%,&.#y!V%,&.(05_%:;<Q?=PJGR%K;DD;LIMDGEED0%";?C;?P%+A=CG?D=EN%O?GDD_%%

O>;E@_% 715cQ_% f#(+4,5_% A-e% ";?@>P% ,@?EI% T@`>G?R% aGP_b_% V8,$#! 74$%! ,-!T-+845%! $(,-58,$4#-e! ry! Q)5456! P)'H#540'6! f#(+4,5_% :;<Q?=PJGR%K;DD;LIMDGEED0%";?C;?P%+A=CG?D=EN%O?GDD_!%

,.( % ! , & ! % ( 6 1 ! ( ) # 7 % ! , . & $ ! , & ! % ( 6 1 ! ( ) # 7 % ! 6 # 0 & !

! !

B < D !

O>;E@_%715cL_%P)'H#540'_%A-e!";?@>P%,@?EI%T@`>G?R%aGP_b_%V8,$#!74$%!,-!T-+845%! $(,-58,$4#-e! ry! Q)5456! P)'H#540'6! f#(+4,5_% :;<Q?=PJGR%K;DD;LIMDGEED0%";?C;?P%+A=CG?D=EN%O?GDD_!%

O?=AeR%WGDDG_%6FFm_%f0$!/&,@$4#-5_%*g\@?P0%*g\@?P%+A=CG?D=EN%O?GDD_%lG;PR% lMHG?E_% 6FF6_% ,;EM?GR% :M>EM?GR% &L@DNDEG<0% @?% x$IG% O?=@?=EN% @\%

&AC=?@A<GAE;>% &EI=LD% E@% &H=DEG<@>@JN% ;AP%KGE;HIND=LDi_! A-e%,;@<=% /LIG<;A% ;AP% OGJ% *i:@AA@?R% aGPDb_% N&'4-45$!A-$&(H(&$,$4#-5!#*!M4$$+&-5$&4-_%,G`%j@?S0%OGAA_%/E;EG%O?GDDR%HH_%mF34mc7_%

lIGGDR%lMDI_%715m_%:;A%$IG?G%)G%;%O?=C;EG%';AJM;JGZ%V(#@&&.4-+5!#*!$%&!U(45$#$&84,-!P#@4&$)<!P0HH8&'&-$,()!r#80'&!DF6%HH_%2241m_%

lIGGDR% lMDI_% 7181_% M4$%#0$! U-57&(5<% '@AP@A0% l@ME>GPJG% Ü% (GJ;A%O;M>_%

lIGGDR%lMDI_%6FFF_%Y45@0554#-5!#*!P4'#-&!M&48<%#>Q;AN0%/E;EG%+A=CG?D=EN%@\%,G`%j@?S%O?GDD_%

lIGGDR%lMDI_%7112_%/05%!/%&&5!#-!/&84+4#-!,-.!V%48#5#H%)_%Y_É_%OI=>>=HD%;DD=DEGP%QN%K;?=@%C@A%PG?%lMI?%aGP_b_%:;<Q?=PJG0%:;<Q?=PJG%+A=CG?D=EN%O?GDD_%

l=PG?R%/I;?@A_%7113_%U3#4.4-+!$%&!P0?J&@$_%/E@LSI@><0%$I;>GD_%l@QG?EDR%l@QG?E%:_%6FFc_%T'#$4#-5e!U-!T55,)!4-!U4.!#*!:#(,8!V5)@%#8#+)_%

:;<Q?=PJG0%:;<Q?=PJG%+A=CG?D=EN%O?GDD_%PG%>;%l@LIG\@ML;M>PR%T?;Ay@=D_%7151_%:,L4'5_%'@AP@A0%OGAJM=A%)@@SD_%PG% l@MJG<@AER% YGA=D_% 713c_% Q#3&! 4-! $%&! M&5$&(-! M#(8._% O?=ALGE@A0%

O?=ALGE@A%+A=CG?D=EN%O?GDD_%lN>GR%h=>QG?E_% 7155_%"%&!G#-@&H$! #*!:4-._% '@AP@A0%"MELI=AD@A%Ü%:@_%

OMQ>=DIG?D%'EP_%/;?E?GR%WG;A4O;M>_%6FFc_%R&4-+!,-.!\#$%4-+-&55_%'@AP@A%;AP%,G`%j@?S0%

l@ME>GPJG_%/LIG<;AR%,;@<=_%711c_%.AP=C=PM;>=D<%;AP%EIG%*Q^GLED%@\%ODNLI@>@JN_%

T-+&-.&(4-+5e! G#-5$(0@$4#-5! #*! 1-#78&.+&6! U0$%#(4$)! ,-.!

V(4348&+&_%,G`%j@?SR%'@AP@A0%l@ME>GPJGR%HH_%c845c_%/L?ME@AR% l@JG?_% 7138_% P&L0,8! Y&54(&_% '@AP@A0% !G=PGA\G>P% ;AP%

,=LI@>D@A_%/I;SGDHG;?GR%!=>>=;<_%711m_%"%&!G#'H8&$&!M#(C5!#*!M4884,'!P%,C&5H&,(&_%

!;?G0%!@?PD`@?EI%&P=E=@AD%'EP_% /=AJG?R%.?C=AJ_%713m;_%"%&!\,$0(&!#*!Q#3&e!r#8<!`!V8,$#!$#!Q0$%&(<!:I=L;J@0%

$IG%+A=CG?D=EN%@\%:I=L;J@%O?GDD_&&/=AJG?R% .?C=AJ_%713mQ_%"%&!\,$0(&!#*!Q#3&e!r#8<!D<!G#0($8)!,-.!/#',-$4@<!

:I=L;J@0%$IG%+A=CG?D=EN%@\%:I=L;J@%O?GDD_%/=AJG?R% .?C=AJ_% 7132_% "%&! \,$0(&! #*! Q#3&e! r#8<! i<! "%&! :#.&(-! M#(8.<!

:I=L;J@0%$IG%+A=CG?D=EN%@\%:I=L;J@%O?GDD_%

) + ) 6 + #3*( 9 . : !

!

B < < !

/=AJIR% YGCGAP?;_% 711c_% #P;HE=CG% /=JA=\=L;ALG% @\% TG<;>G% OIND=L;>%#EE?;LE=CGAGDD0%l@>G%@\%!;=DE4E@4I=H%l;E=@_%B#0(-,8!#*!V&(5#-,84$)!,-.!P#@4,8!V5)@%#8#+)6!8506R%HH_%61c4cF2_%

/^GDE@CR%'GC_%7115_%P#8,!N4.&_%lGQ@P;0%,=<?@P_%/@>@<@AR%l@QG?E%:_%713F_%&<@E=@AD%;AP%:I@=LG_%A-e%#<d>=G%*SDGAQG?J%

l@?ENR% aGP_b_% TLH8,4-4-+! T'#$4#-5_% )G?SG>GNR% '@D% #AJG>GDR%'@AP@A0%+A=CG?D=EN%@\%:;>=\@?A=;%O?GDDR%HH_%6574637_%%

/@>@<@AR% l@QG?E% :_% 711F_% Q#3&e! T'#$4#-6!:)$%6! l!:&$,H%#(<% )M\\;>@0%O?@<GEIGMD%)@@SD_%

/@>@<@AR% l@QG?E% :_% 7117_% $IG% -=?EMG% @\% a&?@E=Lb% '@CG_% A-e% l@QG?E% :_%/@>@<@A% Ü% (;EI>GGA% K_% "=JJ=ADR% aGPDb_% "%&! V%48#5#H%)! #*!_T(#$4@b! Q#3&_% ';`?GALG0% +A=CG?D=EN% O?GDD% @\% (;AD;DR% HH_% m164573_%

/@>@<@AR%l@QG?E%:_%711c_%"%&!V,554#-5_%'@AP@A0%";LSGEE_%/@>@<@AR% l@QG?E% :_% 6FF7_% U?#0$! Q#3&e! /&4-3&-$4-+! /#',-@&! *#(! [0(!

"4'&5_%';AI;<0%K;P=D@A%)@@SD_%/@>@<@AR% l@QG?E% :_% 6FF5_% lG;D@AD% \@?% '@CG_% A-e% :>=\\@?P% !=>>=;<DR%

aGP_b_%V&(5#-,8!r4($05e!A-$(#.0@$#()!/&,.4-+5_%,G`%j@?SR%'@AP@A0%O;>J?;CG%K;L<=>>;AR%HH_%7mc4737_%%

/@>@<@AR% l@QG?E% :_% 6FF2_% "(0&! $#! [0(! N&&84-+5<% *g\@?PR% ,G`% j@?S0%*g\@?P%+A=CG?D=EN%O?GDD_%%

/H=A@e;R% );?MLI_% 7116_% "%&! T$%4@5y! "(&,$45&! #-! $%&! T'&-.,$4#-! #*! $%&!A-$&88&@$y! P&8&@$&.! 8&$$&(5_% .AP=;A;H@>=D% ;AP%:;<Q?=PJG0%";LSGEE%OMQ>=DI=AJ%:@<H;AN_%

/EGAPI;>_%7125_%Q#3&_%";?<@APD`@?EI0%OGAJM=A%)@@SD_%/EGA>MAPR% /]?GA_% 6FFF_% N48#5#*45C,! 0HH5,$5&(_% /SG>>G\EG[0% ,@?<;%

Q@S\]?>;J_%/E@LSG?R% K=LI;G>_% 6FF6_% /@<G% !;ND% E@% -;>MG% &<@E=@AD_% A-e% OGEG?%

h@>P=GR% aGP_b_% v-.&(5$,-.4-+! T'#$4#-5e! :4-.! ,-.! :#(,85_%#>PG?DI@E0%#DIJ;EGR%HH_%85421_%

PG% /@MD;R% l@A;>P_% 713F_% $IG% l;E=@A;>=EN% @\% &<@E=@AD_% A-e% #<d>=G%*SDGAQG?J% l@?ENR% aGP_b_% TLH8,4-4-+! T'#$4#-5_% )G?SG>GNR% '@D%#AJG>GDR%'@AP@A0%+A=CG?D=EN%@\%:;>=\@?A=;%O?GDDR%HH_%7624757_%

$;AGD=A=R%#>GDD;AP?;_% 7111<!U-! A-$(#.0@$4#-! $#!N&'4-45$!TH45$&'#8#+4&5<%K;>PGA%;AP%*g\@?P0%)>;LS`G>>%OMQ>=DIG?D_%

$;N>@?R% :I;?>GD_% 7135_%!I;E% .D% "M<;A% #JGALNZ%]0',-! U+&-@)! ,-.!Q,-+0,+&e! V%48#5#H%4@,8! V,H&(5! A<! :;<Q?=PJG0% :;<Q?=PJG%+A=CG?D=EN%O?GDDR%HH_%754mm_%

$;N>@?R%h;Q?=G>G_%7125_%WMDE=\N=AJ%EIG%&<@E=@AD_%:4-.R%3m0cc5R%HH_%c1F4mF6_%

,.( % ! , & ! % ( 6 1 ! ( ) # 7 % ! , . & $ ! , & ! % ( 6 1 ! ( ) # 7 % ! 6 # 0 & !

! !

B < B !

$;N>@?R%h;Q?=G>G_% 7121_%'@CG_% A-e% $GP%"@AP?=LI%;AP%KN>GD%)M?ANG;ER%aGPDb_%V%48#5#H%)!,5!A$!A5<%";?<@APD`@?EI0%OGAJM=A%)@@SD%'EPR%HH_%7854736_%%

$I@<dDGR%O_T_%6FF5_%P%,.#7!G%48._%'@AP@A0%)>@@<DQM?N_%%$I@<HD@AR%WMP=EI%W;?C=D_%7127_%#%YG\GALG%@\%#Q@?E=@A_%V%48#5#H%)!,-.!

V0?84@!U**,4(5R%707R%HH_%m2488_%$I@?AI=>>% l;APN_R%h;AJGDE;PR% /EGCGA_%!_% ;AP%:@<G?R% l;AP;>>_% 7115_%

"M<;A% TG<;>G% *?J;D<% ;AP% K;EG% T>MLEM;E=AJ% #DN<<GE?N_%U-4',8!R&%,34#0(6%5F08R%HH_%78F747875_%

$=>JI<;AR%)_l_%7117_%M4$$+&-5$&4-6!T$%4@5!,-.!U&5$%&$4@5e!"%&!r4&7! *(#'!T$&(-4$)_% "@MAP<=>>DR% );D=AJDE@SGR% ";<HDI=?G% ;AP% '@AP@A0%$IG%K;L<=>>;A%O?GDD_%

$@@>GNR% K=LI;G>_% 713c_% U?#($4#-! ,-.! A-*,-$4@4.&<% *g\@?P0% :>;?GAP@A%O?GDD_%

->;DE@DR% h?GJ@?N_% 7137_% V8,$#-4@! P$0.4&5<% O?=ALGE@A0% O?=ALGE@A%+A=CG?D=EN%O?GDD_%

!;>SG?R%#>=LG_%7128_%[-@&_%/;A%Y=GJ@R%,G`%j@?S0%";?CGDE%)@@SD_%!G=>R%/=<@AG_%7158_%"%&!\#$&?##C5!#*!P4'#-&!M&48<%'@AP@A0%l@ME>GPJG_%%!G=>R%/=<@AG_%7122_%"%&!P4'#-&!M&48!/&,.&(<%hG@?JG%&_%O;A=LI;DR%aGP_b_%

,G`%j@?S0%Y;C=P%KL(;N%:@<H;AN%.AL_%%!G=>R%/=<@AG_%7123_%"%&!\&&.!*#(!/##$5_%'@AP@A0%l@ME>GPJG%;AP%(G;J;A%

O;M>_%!=LS<;AR% OG?4*>@\_% 6FF8_% U&5$%&$4@! TLH&(4&-@&! 4-! P@4&-@&! T.0@,$4#-e!

Q&,(-4-+! ,-.! :&,-4-+9:,C4-+! ,5! P4$0,$&.! ",8C! ,-.! U@$4#-_%K;I`;IR%,_W_0%';`?GALG%&?>Q;M<%#DD@L=;EGD_%

!=>>=;<DR% )G?A;?P_% 7137_% :#(,8! Q0@C_% :;<Q?=PJG0% :;<Q?=PJG%+A=CG?D=EN%O?GDD_%

!=>D@AR% W@IA_% 7131_% :;A% *AG% O?@<=DG% $@% '@CG% #A@EIG?_% V%48#5#H%)6%8m065FR%HH_%552458c_%

!=ALIR% OGEG?_% 7188_% :;A% ;% h@@P%K;A% )G%";?<GP_%V(#@&&.4-+5! #*! $%&!U(45$#$&84,-!P#@4&$)R%88R%HH_%5542F_%

!=ALIR% OGEG?_% 712F_% +APG?DE;AP=AJ% ;% O?=<=E=CG% /@L=GEN_% A-e% )?N;A% l_%!=>D@A% aGP_b_% l,$4#-,84$)e! 1&)! G#-@&H$5! 4-! $%&! P#@4,8! P@4&-@&5<!*g\@?P0%);D=>%)>;LS`G>>R%HH_%234777_%

!=ALIR% OGEG?_% 7126_% K@?;>% .AEGJ?=EN_% T$%4@5! ,-.! U@$4#-_% '@AP@A0%l@ME>GPJG%Ü%(GJ;A%O;M>R%HH_%7274716_%

!=ALIR%OGEG?_%7132;_%&=AG%&=ADEG>>MAJ%eM?%/GG>G_%"()4-+!$#!:,C&!P&-5&_%*g\@?P0%)>;LS`G>>R%HH_%7mF475c_%

!=ALIR% OGEG?_% 7132Q_% .<% #A\;AJ% `;?% P=G% $;E_% "()4-+! $#! :,C&! P&-5&_%*g\@?P0%)>;LS`G>>R%HH_%cc45c_%

) + ) 6 + #3*( 9 . : !

!

B < I !

!=ALIR%OGEG?_%7132L_%$GgE%;AP%:@AEGgE_%"()4-+! $#!:,C&!P&-5&_%*g\@?P0%)>;LS`G>>R%HH_%734c6_%

!=ALIR%OGEG?_%7131_%P4'#-&!M&48e!>"%&! B05$!R,8,-@&K_%:;<Q?=PJGR%,G`%j@?SR% ,G`% l@LIG>>GR% KG>Q@M?AGR% /=PAGN0% :;<Q?=PJG%+A=CG?D=EN%O?GDD_%

!=ALIR% OGEG?_% 7112_% :;A% !G% +APG?DE;AP% *M?DG>CGDZ% V%48#5#H%4@,8!A-3&5$4+,$4#-5R%6F0cR%HH_%71c46Fm_%

!=AEG?D@AR% WG;AGEEG_% 6FF7;_%[(,-+&5! ,(&! \#$! $%&! [-8)! N(04$_% '@AP@A0%l;AP@<%"@MDG_%

!=AEG?D@AR% WG;AGEEG_% 6FF7Q_% M(4$$&-! #-! $%&! R#.)_% '@AP@A0% l;AP@<%"@MDG_%

!=EEJGADEG=AR% 'MP`=J_% 7187_% \#$&?##C5! `a`o9`n<! *g\@?P0% );D=>%)>;LS`G>>_&

!=EEJGADEG=AR% 'MP`=J_% 7185;_% "%&! R80&! ,-.! R(#7-! R##C5_% ,G`% j@?S0%";?HG?%l@`%OMQ>=DIG?D_%

!=EEJGADEG=AR% 'MP`=J_% 7185Q_% #% 'GLEM?G% @A% &EI=LD_% "%&! V%48#5#H%4@,8!/&34&7R%2m07R%HH_%c476_%

!=EEJGADEG=AR% 'MP`=J_% 7182_% z&$$&8_% )G?SG>GN% ;AP% '@D% #AJG>GD0%+A=CG?D=EN%@\%:;>=\@?A=;%O?GDD_%

!=EEJGADEG=AR% 'MP`=J_% 7128_% :;MDG% ;AP% &\\GLE0% .AEM=E=CG% #`;?GAGDD_%lMDI%lIGGDR%aGP_b_%V%48#5#H%4,6!80c4mR%HH_%mF14m65_%%

!=EEJGADEG=A% 'MP`=J_% 7122_% {?&(! f&7455%&4$9[-! G&($,4-$)_% *g\@?P0%);D=>%)>;LS`G>>_%

!=EEJGADEG=AR%'MP`=J_% 713F;_%/&',(C5! #-! $%&!V%48#5#H%)! #*!V5)@%#8#+)6!r#80'&!A_%*g\@?P0%);D=>%)>;LS`G>>_%

!=EEJGADEG=AR%'MP`=J_%713FQ_%/&',(C5! #-! $%&!V%48#5#H%)!#*!V5)@%#8#+)6!r#80'&!AA_%*g\@?P0%);D=>%)>;LS`G>>_%%

!=EEJGADEG=AR% 'MP`=J_% 711c_% "(,@$,$05! Q#+4@#9V%48#5#H%4@#5_% '@AP@A0%l@ME>GPJG%Ü%(GJ;A%O;M>_%%

!=EEJGADEG=AR% 'MP`=J_% 7112_% V%48#5#H%4@,8! A-3&5$4+,$4#-5_% *g\@?P0%)>;LS`G>>%OMQ>=DIG?D%'EP_%

!=EEJGADEG=AR% 'MP`=J_% 7113_% G08$0(&! ,-.! r,80&_% *g\@?P0% )>;LS`G>>%OMQ>=DIG?D%'EP_%

!=EEJGADEG=AR% 'MP`=J_% 6FFF_% M4$$+&-5$&4-W5! \,@%8,55e! "%&! R&(+&-!T8&@$(#-4@! T.4$4#-<% v:Y4l*Kw_% *g\@?PR% ,G`% j@?S0% *g\@?P%+A=CG?D=EN%O?GDD_!

!@>\R% /MD;A_% 6FF6_% $IG%$?MGR% EIG%h@@P% ;AP% EIG%'@C;Q>G0% T?;AS\M?EiD%#C@=P;ALG% @\% *Q^GLE=C=EN_% A-e% /;?;I% )MDD% ;AP% 'GG% *CG?E@AR%aGPDb_%G#-$#0(5!#*!U+&-@)e!T55,)5!#-!"%&'&5!*(#'!],(()!N(,-C*0($_%:;<Q?=PJGR%K;DD_R%'@AP@AR%$IG%K.$%O?GDDR%HH_%66246mm_%

,.( % ! , & ! % ( 6 1 ! ( ) # 7 % ! , . & $ ! , & ! % ( 6 1 ! ( ) # 7 % ! 6 # 0 & !

! !

B < C !

j@MAJR% .?=D% K;?=@A_% 6FF5_%[-! N&',8&! R#.)! TLH&(4&-@&_% *g\@?PR% ,G`%j@?S0%*g\@?P%+A=CG?D=EN%O?GDD_%%

A+62'!($-!%0!

U?#0$! ,! R#)_% T=><_%Y=?GLEGP% QN%:I?=D%!G=Ee% ;AP% O;M>%!G=Ee_%(;>=<;%O?@PMLE=@AD%h<Q"%Ü%:@_%(h_%6FF6_%

U.,H$,$4#-_% T=><_% Y=?GLEGP% QN% /H=SG% W@AeG_% :>=A=L;% &DEGE=L@R% )GCG?>N%YGE?@=ER% h@@P% K;LI=AGR% .AEG?<GP=;R% K;JAGE% O?@PMLE=@ADR%O?@H;J;AP;%T=><D_%6FF6_%

Y%,(',!,-.!f(&+R%TH45#.&!`<o<!>U-.!"%&-!"%&(&W5!$%&!M&..4-+K<%$-_%6FEI%:GAEM?N%T@g%$G>GC=D=@A_%711246FF6_%

Q&! N,?08&0L! Y&5$4-! .gU'Z84&! V#08,4-|U'Z84&! *(#'! :#-$',($(&<% T=><_%Y=?GLEGP% QN% WG;A4O=G??G% WGMAGE_% :>;MP=G% *DD;?P% O?@PMLE=@ADR%+A=@A%hdAd?;>G%:=Ad<;E@J?;HI=BMG%a+h:b_%6FF7_%

N0@C4-+! O';8|P%#7! :&! Q#3&<% T=><_% Y=?GLEGP% QN% 'MS;D% K@@PNDD@A_%KG<\=D%\=><_%7113_%

Q#8,! (&--$|/0-! Q#8,! /0-<! T=><_% Y=?GLEGP% QN% $@<% $NS`G?_% å4T=><G%:?G;E=CG%O@@>..7113_%

:)!R4+!N,$!f(&&C!M&..4-+<!T=><_!Y=?GLEGP%QN%W@G>%É`=LS_%)=J%!GPP=AJ_%6FF6_%

M%&-! ],(()! :&$! P,88)_% T=><_% Y=?GLEGP% QN% l@Q% lG=AG?_% :;DE>G% l@LS%&AEG?E;=A<GAE_%7131_%

27'+"!

#QQ;_%7125_%.%Y@R%.%Y@R%.%Y@R%.%Y@_%U??,<%O@>;?%KMD=L_%%#QQ;_%7128_%(A@`=AJ%KGR%(A@`=AJ%j@M_%"%&!U((43,8<%O@>;?%KMD=L_%%#QQ;_% 7136_% $IG% Y;N% )G\@?G% j@M% :;<G_! "%&! P4-+8&5! }! "%&! N4(5$! "&-!

^&,(5_%O@>;?%KMD=L_%)G;E>GD_%7182_%#>>%j@M%,GGP%=D%'@CG_%O;?>@HI@AG_%:;?;R%.?GAG_%713c_%T>;DIP;ALGz!I;E%#%TGG>=AJ_%:;D;Q>;AL;%lGL@?PD_%%:I;H<;AR%$?;LN<!7133_!T@?%KN%'@CG?_%"(,@)!G%,H',-_%&>GSE?;_!:@LSG?R%W@G%;AP%!;?AGDR%WGAA=\G?_%7136_%+H%!IG?G%!G%)G>@AJ_%.D>;AP_%Y=@AR%:G>=AG_%7112_%$IG%lG;D@A_%Q&$W5!",8C!U?#0$!Q#3&<%:@>M<Q=;R%&H=L_%Y=@AR%:G>=AG_%6FFF_%'=CG%\@?%EIG%*AG%.%'@CG_%U88!$%&!M,)!~!U!Y&@,.&!#*!

P#-+<%:@>M<Q=;R%&H=L_%Y=@AR%:G>=AG_%6FFc_%K@A%"@<<G_%`!*488&!l!o!$)H&5<%:@>M<Q=;R%&H=L_%&EIG?=PJGR%KG>=DD;_%6FF7_%.%!;AE%E@%)G%=A%'@CG_%PC4-_%.D>;AP_%&M?NEI<=LD_%7131_%!G%$`@%#?G%*AG_%M&!"##!U(&![-&_%l:#R%#?=DE;_%T@?G=JAG?_% 713m_% .% !;AE% E@% (A@`% !I;E% '@CG% .D_% U+&-$! V(#3#@,$&0(_%

#E>;AE=L_%

) + ) 6 + #3*( 9 . : !

!

B < = !

W;LSD@AR%K=LI;G>_%7132_%$IG%!;N%j@M%K;SG%KG%TGG>_%R,._%&H=L_%W@G>R%)=>>N_7122_%WMDE%EIG%!;N%j@M%#?G_%"%&!P$(,-+&(<%:@>M<Q=;_%W@IAR%&>E@A_%712F_%j@M?%/@AJ_%T8$#-!B#%-_%YWK_%W@IAR%&>E@A_%711m_%:;A%j@M%TGG>%EIG%'@CG%$@A=JIE_%"%&!Q4#-!14-+<%!;>E%

Y=DAGN%lGL@?PD_%';C=JAGR% #C?=>_% 6FFm_% KN% ";HHN% &AP=AJ_% v-.&(! :)! PC4-<% #?=DE;%

lGL@?PD_!%'GAA@gR%#AA=G_%6FFc_%'@AG>=AGDD_%R,(&_%W4lGL@?PD_%K=ELIG>>R%W@A=_%7127_%#%:;DG%@\%j@M_%R80&_%lGH?=DG_%%K@??=DR%#>QG?E_%7125_%TGG>=AJD_%l:#_%,;e;?GEI_% 7125_% '@CG% "M?ED_% ],4(! #*! $%&! Y#+! a+/% CG?D=@Ab_% #ÜK%

lGL@?PD_%O?=ALG_% 7115_% $IG% K@DE% )G;ME=\M>% h=?>% =A% EIG% !@?>P_% "%&! f#8.!

TLH&(4&-@&_%,OhR%!;?AG?%)?@D_%/=<@A%;AP%h;?\MASG>_%7188_%(;EINiD%/@AJ_!P#0-.5!#*!P48&-@&_%:@>M<Q=;%

lGL@?PD_%/E;?DI=H_% 7132_%,@EI=AJiD%h@AA;%/E@H%+D%,@`_%\#!V(#$&@$4#-_%h?MAER%

l:#0%$IG%l=JIEG@MD%)?@EIG?D_%718m_%j@MiCG%'@DE%EI;E%'@C=Ai%TGG>=Ai_%OI=>>GD_%$IG%l=JIEG@MD%)?@EIG?D_%7185_%+ALI;=AGP%KG>@PN_%OI=>>GD_%$IG%/<=EID_% 7138_%$IG%)@N%`=EI% EIG%$I@?A% =A%"=D% /=PG_%"%&!m0&&-! A5!

Y&,.<!l@MJI%$?;PG_%%$=S;?;<R% $;A=E;_% 7113_% );LS% =A% j@M?% #?<D_% "%&! G,HH0@@4-#! P#-+5_%

K@EIG?%lGL@?PD_%+60% O?=PG_% 713m_% O?=PG% a.A% EIG%,;<G% @\% '@CGb_%"%&!v-*#(+&$$,?8&! N4(&_%

.D>;AP_%j@MAJR%O;M>_%713c_%!IG?GCG?%.%';N%KN%";E_%\#!V,(8&S<%:@>M<Q=;_%j@MAJR%O;M>_%7135_%&CG?NEI=AJ%KMDE%:I;AJG_%"%&!P&@(&$!#*!U55#@4,$4#-_%

:@>M<Q=;_%

! !

!

!

+$-&L!#QQ;R%7F3R%63cR%c72R%mc8%#P@?A@R%$IG@P@?R%m73%#I<GPR%/;?;R%26R%m66%#=AD`@?EIR%K;?N%Y_%/;>EG?R%c82R%

m66%#=?;SD=AGAR%$=<@R%61R%c25R%m66%#>;AGAR%'=>>=R%685R%m66R%m6cR%m62%#>QG?@A=R%T?;ALGDL@R%c82R%m66%#ADL@<QGR%h_&_K_R%715R%6c5R%c3mR%

m66%#?GAPER%";AA;IR%756R%m66%#?=DE@E>GR%6mcR%cc2tc1R%cm3t57R%

c55t53R%c8mR%c2mt25R%c3Ft36R%c3mt38R%m66%

#?<DE?@AJR%W@IAR%667R%65cR%651R%621t3FR%638R%m66%

#DIP@`AR%';ALGR%cm6R%c58R%m66%#MPGAR%!_"_R%c12R%m66%#MDEG?R%O;M>R%6F7R%c7mt78R%m66%

B );LIE=AR%K=LI;=>R%766R%c78R%m6c%);LSDE?]<R%W@G>R%g=R%672R%667R%c2mR%

c13R%m66%);=G?R%#AAGEEGR%672R%m6c%);SG?R%l_%l@Q=AR%733R%c26R%m6cR%m63%);?;Q;DR%K;?=A;R%c1cR%m6c%)G;E>GDR%mF1R%mc8%PG%)G;MC@=?R%/=<@AGR%6F7R%m6c%)G>>=DR%K;?S%#_R%c26R%m6c%)GAI;Q=QR%/GN>;R%733R%m6c%)G?GAD@AR%T?;ALGDR%788R%722R%m6c%)G?JG?R%OGEG?R%c82R%m6c%)>GI;?R%K;?N%:_R%m66%)@MC?GDDGR%W;LBMGDR%c27R%m6c%)@`GAR%KM??;NR%c82R%m6c%

)@`>QNR%W@IAR%c82R%m6c%)?GLIER%)G?E@>ER%73FR%m6c%)?GAE;A@R%T?;AeR%7m6R%m6c%)MQG?R%K;?E=AR%63R%87R%7mFR%733R%

717R%685R%623R%61FR%m6c%C

:;>I@MAR%:IGDI=?GR%76cR%m6c%:;?;R%.?GAGR%m8R%mc8%:;?CG?R%l;N<@APR%cR%m6m%:;CG>>R%/E;A>GNR%7cmR%678R%662t63R%

m6m%:GSI@CR%#AE@AR%c6mR%c68R%m6m%:I;H<;AR%$?;LNR%75mR%752R%m6cR%

mc8%:@LSQM?AR%Y;C=PR%g==R%5R%12R%765t

68R%7m1R%78ct8mR%788R%781R%733R%681R%c76t7cR%c63461R%m71R%m6mR%m65R%m68%

:@LSG?R%W@GR%mF1R%mc8%:@GEeGGR%W_K_R%713R%6F147FR%m6m%:@<G?R%l;AP;>>R%mcm%:@A>@AR%W;<GDR%c25R%m6m%:@@SR%W@IA%!_R%733R%m6m%

D YGDL;?EGDR%lGAdR%mR%m5R%m2R%57R%17R%

732R%731R%m6m%Y=;<@APR%:@?;R%6cR%7FFR%768R%7m1R%

788R%626t2cR%c56R%c22R%m71R%m65R%m63R%mcF%

Y=><;AR%{>I;<R%5R%c7R%mFR%mmR%71mt12R%6F2R%6c3R%6m1R%681R%625R%621R%635R%631t1FR%c6FR%c58R%c27R%c22R%c35t38R%c31R%c17R%c18R%m7FR%m71R%m65R%m63%

Y=@AR%:G>=AGR%75mR%727R%mF1R%mc8%

+ $- & L !

!

B < @ !

Y@AAGR%W@IAR%735%Y@DE@GCDSNR%TN@P@?R%55t53R%2FR%

22t23R%c7FR%m65%YMH?dR%W@IAR%86R%m65%

E &>=@ER%hG@?JGR%8R%21t3FR%31t1FR%62Ft

28R%m65%&EIG?=PJGR%KG>=DD;R%7cR%735R%mc8%&M?NEI<=LDR%677R%mc8%

F T@?G=JAG?R%c1R%m7R%m6R%mc8%T?;AS\M?ER%";??N%h_R%775t73R%752R%

727R%6FmR%65mR%m6cR%m65R%m68R%mc5%TM?QG?JR%K;EDR%62R%m68%

G h;P;<G?R%";ADR%c27R%m68%h;=E;R%l;=<@APR%766R%7c8R%7m1R%6cmR%

6c5R%685R%628R%633R%c22R%c35R%m71R%m68%

h;>>=GR%!_)_R%651R%m68%h;AJGDE;PR%/EGCGA%!_R%c85R%m68R%

mcm%hG?DI`=AR%hG@?JGR%68c%h=Q?;AR%(;I>=>R%6c3R%m68%h=PPGADR%#AEI@ANR%c82R%m68%h?;NR%W@IAR%658R%m68%h?=\\=EIDR%O;M>%&_R%mFR%m3tm1R%86t85R%

81t27R%7c3tc1R%c6mR%c32R%m68%h?=<DI;`R%WG;AR%733R%m68%

H ";QG?<;DR%W�?JGAR%m73%";LSG?R%OGEG?R%87R%m68R%m63%";LS=AJR%.;AR%8mR%m68R%m62%";PP@AR%K;?SR%m6FR%m62%";>>R%l@A;>P%'_R%c73R%cc6R%cc5R%cc1R%

cm2R%c25R%m6cR%m62%";<=>E@AR%l=LI;?PR%c2FR%c2cR%m62%";<>NAR%Y_!_R%38R%76cR%7m6R%7m1R%

756R%78mR%783t81R%c2cR%m71R%m62%";<HDI=?GR%/EM;?ER%63FR%c3c%";ADGAR%WGAA=\G?%'_R%7m3R%6c7R%m62%

";e;AR%:=APNR%c82R%m62%"G=PGJJG?R%K;?E=AR%87R%731R%m62%"G=AU<;;R%/;?;R%m66R%m6cR%m62%"GAP?=gR%";?C=>>GR%c82R%m62%"G?EeQG?JR%';?DR%g=R%22t23R%1cR%776R%

778t73R%768R%7c6R%726R%6F1R%666R%638t32R%617R%cm1R%c5cR%c58R%c3mR%c16R%c12R%m71R%m62R%m63%

"@>>;APR%l_T_R%685R%c83R%m63%"@><QG?JR%:;?=AR%7F7tcR%c83R%m63%I@@SDR%QG>>R%6m7R%m63%"@?AQNR%,=LSR%767R%735R%cF3R%c7FR%

m63%"M<GR%Y;C=PR%m2R%733R%cc2R%m63%"MAEG?R%W_T_K_R%88t83R%m63%"MDECGPER%/=?=R%6c1tmFR%m63%"MELI=AD@AR%OI=>R%m3R%87R%76FR%m63R%

mc6%I

.?=J;?;NR%'MLGR%5FR%56R%7m3tm1R%757t56R%733R%623R%m73R%m63%J

W;LSD@AR%K=LI;G>R%m2R%mc2%W;<GDR%!=>>=;<R%mFR%m3R%626R%m6mR%

m63%W;ADD@AR%$@CGR%7m2R%75FR%m63%W@G>R%)=>>NR%65FR%mc2%W@IAR%&>E@AR%m2R%cF3R%c7FR%mc2%

K (GAANR%#AEI@ANR%715R%m63%(=G?SGJ;;?PR%/Ç?GAR%2Ft27R%7m3tm1R%

733R%71mR%6FcR%6F8R%6m1R%c65R%c63R%c38R%m7mR%m61%

(?=DEGC;R%WM>=;R%7m3tm1R%m61%(MAPG?;R%K=>;AR%615tcF2R%m61%

L ';AP;MR%.PP@R%76mR%cm7R%cmmR%m7FR%

m61%';AJGR%:_%h_R%m3R%m61%';C=JAGR%#C?=>R%mFcR%mc2%

,.( % ! , & ! % ( 6 1 ! ( ) # 7 % ! , . & $ ! , & ! % ( 6 1 ! ( ) # 7 % ! 6 # 0 & !

! !

B B G !

'G;?R%W@A;EI;AR%7m6R%715R%6F8t2R%65mt55R%m61%

'GY@MgR%K=LIG>>GR%m73%'GAA@gR%#AA=GR%735R%mc2%'GC=R%O?=<@R%6c5R%m61%'G`=DR%:_%/_R%m2R%72FR%678472R%m62R%

m61%'>@NPR%hGAGC=GCGR%m73%'@LSGR%W@IAR%785R%733R%cc2R%m61%'@C=Q@APR%/;Q=A;R%m73R%m61%'MI<;AAR%,=S>;DR%c82R%m61%'N@ADR%!=>>=;<R%m3R%3FR%m61%'ÇJDE?MHR%(AMP%&^>G?R%733R%717t16R%

6F3R%m61%M

K;>L@><R%,@?<;AR%27R%715R%mcF%K;?LG>R%h;Q?=G>R%5F%K;?E=ADD@AR%'GA;R%c83R%mcF%KLY@`G>>R%W@IA%"GA?NR%c78R%c53R%

mcF%KL&;LI?;AGR%K=LI;G>R%g=R%662R%mcF%KLK=>>;AR%:;?@>R%1cR%638R%mcF%KG?>G;M4O@AENR%K;M?=LGR%5F%K=ELIG>>R%W@A=R%677R%61FR%cc6R%cm1R%

mc2%K@>>G?R%Y;AR%cmF4m7R%mcF%PG%K@AE;=JAGR%K=LIG>R%75mR%72FR%

mcF%K@?J;AR%(;EI?NA%O;M>NR%738R%mcF%K@??=DR%#>QG?ER%m8R%mc2%K@EEM?=R%#>GSD;APG?R%68R%mcF%KM>I;>>R%/EGHIGAR%87R%mcF%KM?P@LIR%.?=DR%g==R%771t6FR%766t6cR%

768R%7c8R%656R%685R%682t83R%62FR%621t3FR%638R%61FR%c36R%c3ct3mR%m7mR%mcF%N

,;JG>R%$I@<;DR%cccR%mcF%,;e;?GEIR%mF1R%mc2%,GMR%WG?@<GR%3FR%c25R%mcF%,@e=LSR%l@QG?ER%676R%mc7%

,MDDQ;M<R%K;?EI;%:_R%cmR%mFR%3FR%17R%6c8tc2R%6m6R%6mmR%6m8R%ccctc5R%cm8tm1R%c57R%c55t51R%c2mt28R%c3Ft36R%c38R%c16R%mFmR%mF1R%m73R%m65R%mc7%

,NJ?GAR%#APG?DR%61R%mc7%,NSUAGAR%";AAGDR%g=R%c7R%mmR%66FR%

6m8R%c77R%c67R%c36R%mc7%O

*DQ@?AGR%:;EIG?=AGR%61R%722R%6F5R%6mmR%mc7%P

O;DL;>R%T;A=;R%75FR%mc7%OG?=A;R%(;^;R%c88R%c26R%mc7%OI=>>=HDR%Y_É_R%66cR%cccR%c12R%m71R%

m6mR%m65R%mc7R%mc6%O=AGDR%#N;>;%K;>;LIR%c82R%mc7%O>;E@R%g==R%677R%67cR%66FR%6cFtc7R%

6cmR%6c5R%6c3tc1R%6m6tm1R%68FR%688R%63FR%cFmR%c6Ft67R%cm2tm3R%c55t52R%c35t32R%c31R%c17R%c1mR%m7FR%m7mR%m73R%mc7R%mc6%T0$%)H%(#R%6c7R%mc7%f#(+4,5R%6c3R%m7FR%mc7R%mc6%V%,&.#R%6c3R%c35%P)'H#540'R%677R%67cR%66FR%6cFR%6c8R%

6mctmmR%6m5R%cFmR%c67R%c35R%m7mR%m73R%mc7R%mc6%

O?=ALGR%65FR%686R%mc2%O?=AeR%WGDDGR%m3R%7c1R%mc6%

R lG;PR%lMHG?ER%87R%15R%66mR%61FR%m63R%

mc6%lIGGDR%lMDIR%7ct75R%c7R%c5R%7c5R%

63mR%c7c47mR%c78R%c71R%c6FR%c67R%m71R%mc6R%mc5%

l=PG?R%/I;?@AR%g==R%cmcR%mc6%l@QG?EDR%l@QG?E%:_R%mFR%3FR%76cR%mc6%PG%>;%l@LIG\@ML;M>PR%T?;Ay@=DR%7cR%

mc6%PG%l@MJG<@AER%YGA=DR%61R%c83R%mc6%

+ $- & L !

!

B B ; !

lN>GR%h=>QG?ER%mFR%m3R%51487R%8cR%777R%m61R%mc6%S

/;?E?GR%WG;A4O;M>R%ccR%12R%75FR%756R%732R%733t11R%6FFR%6F6R%6F5R%688R%623R%m65R%mc6%

/LIG<;AR%,;@<=R%787R%mc6%/L?ME@AR%l@JG?R%cFR%c7R%7F6R%76FR%

762t63R%7cF4ccR%6mcR%c27R%c26R%mc6%

/I;SGDHG;?GR%!=>>=;<R%78cR%67mR%mc6%

/I;CG?R%OI=>>=HR%m62%/IGDE@CR%'GCR%656R%68FR%687R%686R%

m73R%mcc%/=<@A%;AP%h;?\MASG>R%65FR%mc2%/=AJG?R%.?C=AJR%61R%676R%65ct55R%651R%

686R%63FR%c6mR%c83R%mc6%/=AJG?R%OGEG?R%6FR%733%/=AJIR%YGCGAP?;R%c85R%mcc%/S=AAG?R%)_T_R%m3%/@>@<@AR%l@QG?E%:_R%ccR%mFR%3FR%35R%

12R%768t63R%7c7R%7c1R%753R%78Ft86R%727t2cR%725R%723R%737R%676t78R%66Ft66R%665t68R%661R%6c74c6R%6c2R%6c1R%65cR%658R%686R%688R%63cR%c6mR%c2mR%c25R%c28R%m6cR%mc7R%mcc%

/H=A@e;R%);?MLIR%m5R%mcc%/E;?DI=HR%cc6R%mc2%/EGAPI;>R%656R%62143FR%mcc%/EGA>MAPR%/]?GAR%76R%666R%mcc%/E@LSG?R%K=LI;G>R%657R%mcc%PG%/@MD;R%l@A;>PR%3FR%mcc%

T $;AGD=A=R%#>GDD;AP?;R%11R%m72R%mcc%$;N>@?R%:I;?>GDR%775t73R%6cctcm%$;N>@?R%h;Q?=G>GR%3FR%36t38R%17R%12R%

11R%753R%78FR%788R%722%$IG%l=JIEG@MD%)?@EIG?DR%5FR%765R%

mc2%$IG%/<=EIDR%2cR%mc2%

$I@<dDGR%O_T_R%75mR%727R%687R%c75t72R%mcm%

$I@<HD@AR%WMP=EI%W;?C=DR%6FR%mcm%$I@?AI=>>R%l;APNR%c85R%m68R%mcm%$=S;?;<R%$;A=E;R%mc2%$=>JI<;AR%)_l_R%635R%mcm%$@@>GNR%K=LI;G>R%6FR%mcm%$@??SM>>;R%h]?;AR%g=R%c13R%m66%

U +6R%7m2R%mc2%

V,W !;>SG?R%#>=LGR%63ct3mR%mcm%!;>>R%/;>>NR%m66%!;>>J?GAR%$I@<;DR%m66R%m6cR%m62%!;?AGDR%WGAA=\G?R%mF1R%mc8%!;EG?DR%&CG?GEER%m66%!;ED@AR%W_)_R%m3%!G=>R%/=<@AGR%71t6FR%6cR%c6R%771t

6FR%766R%7c8R%785R%72mR%73cR%6F5R%6m5R%6m1R%656R%652R%685R%688t81R%628R%61FR%c71t6cR%m7mR%mc6R%mcmR%mc5%

!=LS<;AR%OG?4*>@\R%651R%mcm%!=>>=;<DR%)G?A;?PR%cccR%c2mR%mccR%

mcm%!=>D@AR%W@IAR%cm7R%mcm%!=ALIR%OGEG?R%8R%68R%58R%15R%7F8R%

776t7cR%6mcR%653R%685R%c58R%m71R%m6mR%mcmR%mc5%

!=AEG?D@AR%WG;AGEEGR%1R%28R%668R%6c7tccR%cc3tc1R%m7Ft77R%mc5%

!=EEJGADEG=AR%'MP`=JR%cR%5t3R%7Ft76R%7mR%72R%6FR%6cR%m3R%56t8FR%87R%8cR%8mt88R%27R%26R%25t22R%1FR%15R%7F1R%776R%76cR%768R%7c3R%7c1R%7mFR%755R%751R%783R%72mR%73FR%715t18R%678R%662R%661R%6c3R%6m2R%65FR%653R%638R%633R%616R%cF3R%c78R%c72R%c66t6cR%ccFtc7R%c5FR%c57t5mR%c22R%c35R%c32R%c33R%c1mt18R%c13R%mF7t6R%m71R%

,.( % ! , & ! % ( 6 1 ! ( ) # 7 % ! , . & $ ! , & ! % ( 6 1 ! ( ) # 7 % ! 6 # 0 & !

! !

B B D !

m6cR%m6mR%m65R%m62R%m63R%mcFR%mc7R%mc6R%mcmR%mc5%

->;DE@DR%h?GJ@?NR%6m6tmmR%6m8R%687R%63FR%mcm%

!@>\R%/MD;AR%737R%65mR%mc5%

C@A%!?=JIER%hG@?J%"GA?=SR%m73%Y

j@MAJR%.?=D%K;?=@AR%6F8R%637R%mc8%j@MAJR%O;M>R%736R%cc2R%mc2%

%

!"#$ %&#"#$ "#'()*($ +)"$ ,)-.*/0$1)2$ 3'*$ 4$ 5")6.(#$ %)$ ,)-#$ ()6#)*#0$ 4($%&#"#$(73&$'$%&.*/$'($7*3)*8.%.)*',$,)-#0$!6$4$"#(5)*(.9,#$+)"$,)-.*/$)"$+)"$+'.,.*/$%)$,)-#$()6#)*#0$:'*$%&#"#$9#$,)-#$2.%&)7%$.8#',.;'%.)*0$!

"#$%!&'()!%*+%!',+! +'!%#'&!+#-+!.-/0!'1! +#*!2,*%+$'/%!&*!(-$%*!

&#*/! 3#$4'%'3#$5$/6! -7',+! 4'8*! -(*! *93(*%%$8*! '1! :'/1,%$'/%!

-7',+!&#-+!&*!+-4)!-7',+!&#*/!&*!+-4)!-7',+! 4'8*;!<==(*%%$/6!

2,*%+$'/%! 3*(+-$/$/6! +'! 3#$4'%'3#$:-4! =$%:,%%$'/%! -7',+!

*.'+$'/%>! 3*(%'/-4! $=*/+$+0! -/=! +#*! .*-/$/6! '1! 4-/6,-6*! -/=!

.'(-4$+0>! +#*! -,+#'(! %#'&%! #'&! +#*%*! :'/1,%$'/%! :-/! 7*!

=$%%'48*=! 70! :-(*1,440! -++*/=$/6! +'! ',(! =$11*(*/+! :'/8*(%-+$'/%!

-7',+!4'8*;!!

?*(! $/8*%+$6-+$'/%! %#'&! +#-+!.-/0!'1! +#*!:#-44*/6*%!&*! 1-:*!

&#*/! (*14*:+$/6! '/! 4'8*! ='! /'+! #-8*! +#*! )$/=! '1! %:$*/+$1$:! '(!

%+($:+40!3#$4'%'3#$:-4!:#-(-:+*(!+#-+!&',4=!-44'&!,%!+'!%*++4*!+#*.!

'/:*! -/=! 1'(! -44;! "#*0! -(*! .'(-4! $/! :#-(-:+*(! -/=! 6-$/! +#*$(!

%$6/$1$:-/:*! 1('.! +#*! 2,*%+$'/%! +#*0! (-$%*! -7',+! +#*! 34-:*! 4'8*!

#-%!$/!',(!'&/!4$8*%;!

"#*!)$/=!'1!(*14*:+$'/!'/!+#*!.*-/$/6!'1!4'8*!%,66*%+*=!$/!+#$%!

&'()! ='*%! /'+! =*3*/=! '/! -/0! /*&! =$%:'8*($*%! -7',+! +#*!

3#*/'.*/-!'1!4'8*;!@+! $%!-8-$4-74*!+'!-/0'/*!&#'!$%!3(*3-(*=!+'!

(*14*:+! '/! ',(! &-0%! '1! %3*-)$/6! -/=! +'! 2,*%+$'/! ',(!

3(*:'/:*3+$'/%! '1! 4'8*! -/=! '1! 3#$4'%'3#0;! "#(',6#! %,:#!

(*14*:+$'/!',(!,/=*(%+-/=$/6!'1!4'8*!.-0!:'/+$/,-440!=**3*/;!

!"#$%!&%$#'(%#)*+$%!"&,%!&%$#'(%#)*+$%

!"#$%!"#$%%"&'()*+,$-.&

!""#!""#!""#!""# $$$$

!"#$%%"&'()*+,$-.&/&0

1".&0

2&."%'&"3)4.&0

12*&0

2&."%'&"3)4.&%),2!!

@ABCD!EFGHEIJHKJHJKJLHJ!